he said massive tax. so those are three things. it offers what he said on the campaign trail, a mixed message. look at the stock market today. the stock market was mixed. up and down, up and down. neil: you and i cheated about this earlier on fox business. this notion this was the first chance for asian markets to respond to his inaugural address. short and in your face and to the point. the japanese market didn t like it because essentially taking a trade deal that would be most beneficial to the japanese and nixing it and they re scared. they are scared. why do big corporations offshore jobs? the environment here is not as easy to hire people here as it is overseas. you have union regulations, environmental regulations. so they offshore jobs. one of the interesting things about trump, he is essentially saying we re going to make the environment better over here. so if you move over there, we
his policy, the ideas of big tax cuts, the idea of a change of regulation on dodd-frank. the banks are soaring. some of this stuff, it s always been curious to me why the market didn t like donald trump s policies more, and i think it s because they didn t like donald trump the candidate. interesting. steve leesman from cnbc. thanks for joining us. donald trump will get his first television briefing now that he s president-elect. trump as a candidate, now at a new level. he came under fire in september about comments he made about those briefings during commander in chief forum. i was very, very surprised. in almost every instance and i could tell, i m pretty good with the body language, i could tell they were not happy. our leaders did not follow what they were recommending. nbc s hans nichols joins us
streak. largest since jimmy carter in the white house. a trump win could mean slow growth or even a recession. why would wall street fear a republican? the cheer investment officer of wilmington trust says, markets have not priced in a trump win. they re starting to. with us from philadelphia, blake rutherford and peter navarro, senior trump policy adviser and professor of public policy at the university of california, irvine. thank you for being with us. peter, start with you. trying to make sense if whether the market didn t expect donald trump to win and don t like uncertainty or are really worried what donald trump might do if he becomes president. not asking for your opinion on donald trump. i know what that is. why do you think the markets are doing this? ali, the markets have been in a downward trend since august, actually. i told everybody i knew to go in to cash. it s been a good call.
are wondering again, why are we waking up to this action here when we had not really seen, to michael s point, this major sign that the market was in trouble or this correction could be coming. yeah, i think michael made some fantastic points about the fact that the market has been looking quote, unquote, tired for a while. we also haven t had a 10% correction in a long time, and we used to get them at least once a year. so investors aren t used to this phenomenona. as to why the market didn t react to greece the way it did before, i think there was bigger headline risks the first time that it looked like greece was going to default. now those negotiations have dragged on and on and on and the market is kind of like, okay, they ll get it done at some point. so the market has put greece aside. also, greece is not a large economy. china is the second largest economy in the world. and if it craters, it has big implications, not just for us, but for other countries that do a lot of trade
decide to do. we did see maybe 200, 300 people or maybe more that we thought were in a sort of gray zone that could go either way. depending on the traffic patterns. despite the uncertainty it became clear that geography would work in the old town s favor. having two facilities fairly close together proved to be beneficial for customers dropping off pets for daycare or overnight stays. some may live closer to one or work closer to another facility. so when they go on vacation they might take them to one, and when they go to doggy day camp on the way to work they take them to the other location. research proved that the sterling resort would be a good fit, that hasn t always been the case for every potential location. when it comes down to the numbers old town has had to take a pass. we did a full market study for the charlottesville, virginia market and made the decision that the market didn t have the population density. decisions like that won t stop old town from eyeing