The key question is who will be in Donald Trumps cabinet . Mr. Trumps advisers are considering jamie dimon for that job. Jamie, if you would like to call and confirm or deny we would love to hear from you. Plus mr. Trumps energy plan. He said he would cut regulations and revise the coal country. We have the ceo of Conoco Phillips with us to tell us how he is preparing for the new administration. I will be interested to hear from ryan lance. Live from the dealbook conference interviewing. We look forward to those interviews. Goldman on a tremendous run as there is lots of talk about repealing doddfrank and other factors. Comments earlier have chipotle up. Chipotle is benefitting there. Lets start with the dows run into record territory. Bob pisani has been tracking the action. The dow is outperforming everything up 1. 4 . Very unusual because the dow has a lot of stocks benefitting from lower regulations and the infrastructure play. Remember the dows price weighted. Here is the biggest highest priced stock in the dow is Goldman Sachs over 200. That has a big weighting in the dow. How about benefits from higher Interest Rates . Travelers over 100 up 3 . There is another reason the dow is outperforming. How about the infrastructure play . Home depot another high priced stock. 129. Thats up 3 . Other infrastructure plays. Where is 3 m. Another dow component. Another really high priced stock in the dow. 173. That stock up about 2 . The bottom line, you get a lot of stocks, infrastructure and you got new highs and an outperformance. Its a quite different story at the nasdaq right now. Some big decliners weighing on the performance of that index. It is a tale of two markets within the nasdaq itself. It is large cap tech selling off. That is why nasdaq 100 is down. A lot of traders are saying it is not just the issue of politics. You had jeff besos coming out against donald trump and potential policy issue whz it comes to visas which are important to the big Tech Companies. They say some high beta names are selling off along with the rate sensitive stocks. People are looking at someplace else to put money. One place they are putting money is small caps. Those names are on fire. The russell 2000 near a 52week high. Its led a second day by the strength in bio techs feeling there will be less regulation when it comes to a lot of bio farma names. Consumer names like fossil surging on earnings beat. Oil related banks rising along with energy names and then taser rising on earnings. So the small and mid caps are what the strength is but they cant really counter the weight of the big cap tech selling off. Thank you. That xpi bio tech index up 20 this move, extraordinary moves here. Best week every for that. Now to washington where president elect donald trump is meet wg president obama. John harwood has the latest. In a time of stark divisions and high emoigz in the country its a comfort especially to markets that we have a smooth peaceful and dignified transition of power. Got off to a solid start today when president elect trump went to the white house to meet president obama. We discussed a lot of different situations, some wonderful and some difficulties. I very much look forward to dealing with the president in the future including council. He explained some of the difficulties and high flying assets and great things that have been achieved. Of course, you had the same tone struck by president obama whose legacy donald trump is going to target. We talked about some of the organizational issues in setting up the white house. We talked about foreign policy. We talked about domestic policy and as i said last night my number one priority in the coming two months is to try to facilitate a transition that inshurz our president elect is successful. After that meeting donald trump, the president elect went to capitol hill to meet with the two Republican Leaders who will be in charge of determining when and how much of his program gets enacted by congress. House speaker paul ryan, Senate Majority leader Mitch Mcconnell both of whom had strained relations with donald trump during the campaign met with him. They are expecting to come together on an agenda. Exactly what they will prioritize and how much of Donald Trumps agenda will be enacted is coming up. John harwood in washington. Lets get to our Closing Bell Exchange with the dow up 270 points in record territory. Bill lee is with us today. We have Michael Jones from river front investment group. Rick santelli checks in from chicago. This is shaping up to be the dows best week in about five years. Is this the kind of rallying you just go with or are you starting to think about fading this thing. I think on a shortterm basis you have to be careful as the market tends to trade at these levels. Tomorrow is a bank holiday. Equity markets are open but bond markets are closed. A lot of traders are really positioning themselves trying to get everything in and done today because tomorrow there will be some significant light volume that we will see in our markets. That might be an opportunity later on today into tomorrow an opportunity to take shortterm profits off the table. Next week we have a full week of Economic Calendar and a week after that is a holiday week. There are a couple of pauses in the road coming up that i think investors might use as an opportunity to put money back in their pockets. We have the Interest Rate conversation that we will continue to have over the next three to four weeks that will play a part in it. Tomorrow is veterans day. That is why it is a bank holiday. The bond market probably needs a breather. It has done about a years worth of work in a week. Before we get going here i know 211 is a big number. 2. 41 is a big number. Marine corps happy 241st birthday. We have veterans day tomorrow. My dad was a marine. In terms of the market this is a very important session. Jonathan is exactly right. I think you seeing not any type of reversal, not people that were selling the market covering up. We are seeing an aggressive trade in front of a cash market close tomorrow. Futures market close tomorrow for the treasuries. I think that is very important. We are getting ever closer to change. When you look at the stock market my hats off to it. I think the stock market has so many things right. To think that the tech stocks and big entities are under pressure maybe that has a lot to do with politics. It is also rewarding Many Companies that are more domestic in nature we see that. I dont know that this is a move as much as it is a repricing. While i understand stocks have the story right if you are a consumption economy you can withstand. It has a whiff of higher inflation. I think that is part of what is going on in treasuries, as well. Bill lee, it would seem that this stock market rally is anticipating a bump in the economy from fiscal policy which we sort of have been missing as we have been relying so much on monetary policy. What are your anticipation tlz for the economy Going Forward if we do get the kind of tax relief that mr. Trump is talking about and some of the Infrastructure Spending that has been discussed, as well . I think the clearest shift in the market focuses away from negative rates and hopeful stimulus that comes from fiscal policy. That shift alone in the conversation away from Central Banks is the most welcome breath of fresh air we have had in years. We dont know how much fiscal policy. The fiscal hawks is still there. The way Congress Makes the decision. May not get the size that we need to move the needle on gdp and may not move the needle for the fed. What about the negative trade implications on the new regime. So we are listening that is the president elect donald trump with his wife on capitol hill. Probably a comment about the meeting there. Not taking a lot of questions. I wanted to ask you about the sell off we are seeing on amazon. I think all tech space is being pressured. Probably more importantly think about the amount of retailing goods and services that are coming from china. If you are going to have more restrictions if through is trade restrictions and higher input cost to their product set. Look what is happening with the retail sector. You have kohls, dillards, j. C. Penneys absolutely surging. Why would this be piled on to amazon . Because they uniquely live on price if you have a larger Value Proposition, a larger capacity to bring clients into your stores, into your you have amazon with one thing going for them and that is price. If price is no longer going to be as attractive then they might lose market share. A turbulent week to be holding these how do you think they went and what foreign participation . They didnt go very well. In the treasury market you want to be a seller. As for the threat of what everybody wants to say and that is chinese and big liquidation they have been doing this i dont notice anything out of the ordinary on these options that didnt go well other than market direction. We are going to go at this point. Thank you all for your thoughts on todays Market Action with the dow sitting in record territory. Already been a recordsetting day at 18,839. If we stay close to here it will be a record close, as well. S p is up eight points. Nasdaq is lagging today. Up next Conoco Phillips ceo will give us his reaction to Donald Trumps victory and how a rise in the coal industry could effect profits. And jamie dimon is on trumps list of possible treasury secretaries. We discuss the likelihood of secretary dimen in the Trump Administration. This is my retirement. Retiring retired tires. And i never get tired of it. Are you entirely prepared to retire . Plan your never tiring retiring retired tires retirement with e trade. Im in vests and as a vested investor in vests i invest with e trade, where investors can investigate and invest in vests. Or not in vests. Sign up at etrade. Com and get up to six hundred dollars. The rally for the dow continues today. 43 minutes left. Industrial average up 239 points putting it in record territory now. The s p is up look at the disparity here. The dow is up 1. 3 . The s p up a third of a percent and the nasdaq is lower as selling in some Major Technology issues continues today. And Oil Prices Continue to slide. The stock market has been at those record highs in the wake of Donald Trumps victory. Oil is a different story. It is said that a Trump Presidency will result in there are still many unknowns once he takes office in january. Joining us in a closing bell access interview, ryan lance Conoco Phillips ceo. Did you change what you were going to say after tuesday night . We didnt. It was same story for us. We were trying to lay out our Value Proposition to the street and how we accelerate that. The feeling is that mr. Trump is more pro energy. Maybe we get a reconsideration of keystone. Coal stocks have been rallying here and make it easier to drill in this country. So do you not change what youre going to say here . No. I think there is some comfort in the fact that the way he talked on the campaign trail recognized the Energy Renaissance going on here in the u. S. And i think we can work together. We are about the economy. We are about good jobs and revolution going on in the u. S. Energy business. It does take some infrastructure to move our product around. I think it is encouraging to hear him say things like he recognizes that we have to do something about that. So certainly that piece of it is encouraging i think to the Energy Industry sfrmpt which i wonder about two consequences of a positive outcome to the Energy Industry of could it push prices lower and if rates are moving higher and you are dealing with debt loads, higher Interest Rates does that take away from the benefit you would otherwise receive . Certainly, we are prepared for a volatile world trying to set up as a company to lower cost. Some noncorps assets that we are not investing in. We recognize to get money back to the shareholder and announced repurchase program. We have to be prepared for the volatility. What wins in that is low cost, high flexibility and low cost of supply. You have to have an opinion on where you think oil prices are going. Do you see them staying at these current levels . Do you see them going much lower . I think the market is balancing. We have inventory overhang in the market today. We start working that off through the course of the remainder of this year. We see a recovery coming as we work that inventory off as we go into 2017. I think there is light at the end of the tunnel. Its a well supplied world and we are all watching demand. To kellys question earlier its not just about how much we are drilling but you have to think about what saudi arabia and the rest of opec is doing with all of this. We are all waiting for november 30. We are waiting for the end of november. Feels like they have gotten serious about what they need to do. They need to take crude oil off to accelerate and stabilize the price and volatility. We will see we are not counting on it as a company. I dont think that is something we can count on. You have to take actions by yourself and do things in your company to be able to survive and survive with volatility. What about one outcome here which would push Corporate Tax rates significantly lower. It sounds like an early priority of lawmakers we spoken to of the trump transition team. How much impact would that have on you guys . Under what scenario could you say we are not only hanging in here but adding jobs . We support as a general part of the Business Community we support what speaker ryan, what president elect trump has talked about, eliminating deductions and making it more progrowth and capital oriented tax code. We think there is a lot of merit to that. As long as you recognize that a lot of companies are trying to compete on a global scale and compete internationally. Whatever we can do to make that a level Playing Field is everything we support doing. Some of the words they have we are encouraged to hear that. We mentioned earlier mr. Trump talked about reviving coal country, coal stocks are up. There are those who feel that coal has fallen on hard times not because of policy but because of the rise of natural gas which is a big part of your business right now. What do you think the outlook is for that for natural gas and the impact on the coal business . It has changed that Competitive Landscape. The innovation and technology that they are making we have a century of gas resource in our country t. Will be great for the consumer. It is going to lower heating bills and electricity bills and does force Competitive Landscape with the coal companies. You see them respond, as well. They are lowering their cost. They are figuring out how to burn their product cleaner and cheaper. The u. S. Today is at the lowest level of co 2 emissions since 1972 as a country. It is really dramatic the progress we have made not only lowering the cost of energy for the consumer but cleaning up the environment. Thank you for joining us this afternoon. Thank you so much. Ryan lance, ceo of Conoco Phillips. We are heading to the close with 37 minutes left in the trading session. We are in record territory for the industrial average. Coming up, Td Ameritrade ceo will tell us whether he is seeing a spike in trading in the wake of the election. Also ahead jamie dimon apparently is on Donald Trumps list of candidates for treasury secretary of state. Kate kelly has the latest coming up. Im only in my 60s. Ive got a nice long life ahead. Big plans. So when i found out medicare doesnt pay all my medical expenses, i got a Medicare Supplement insurance plan. [ male announcer ] if youre eligible for medicare, you may know it only covers about 80 of your part b medical expenses. The rest is up to you. Call now and find out about an aarp Medicare Supplement insurance plan, insured by unitedhealthcare Insurance Company. Like all standardized Medicare Supplement insurance plans, it could save you in outofpocket medical costs. Call now to request your free decision guide. Ive been with my doctor for 12 years. Now i know ill be able to stick with him. [ male announcer ] youll be able to visit any doctor or hospital that accepts medicare patients. Plus, there are no networks, and virtually no referrals needed. See why millions of people have already enrolled in the only Medicare Supplement insurance plans endorsed by aarp. Dont wait. Call now. We set new highs. We are currently up 245 points to 18,834 about 200 points higher than the closing high. With half an hour to go watching that closely. You probably heard Donald Trumps victory sparked protests. It all happened last night from new york city and washington to houston and los angeles thousands marched on streets and highways and town squares chanting not my president and no racist usa. The protests were mostly peaceful although arrests were made in some cases. There was a shooting near seattle. Police are saying it did not appear to be connected to the antitrump demonstration in that ar