Time. Good morning. Its thursday, november 10th. Welcome to morning joe. With us on set, we have managing editor of Bloomberg PoliticsMark Halperin. Former democratic congressman harold ford jr. Former treasury official and morning joe economic analyst Steve Rattner. Veteran columnist Mike Barnicle and in Washington White House correspondent for the Huffington Post, sam stein. Injure tweets throughout the election were priceless. Mine . Yes. They were funny. I didnt even know you followed me. Thank you. We all follow you, sam. Who doesnt follow sam stein . That makes me feel good. Thank you. Im glad we could make you feel good. Tell your mother we follow you. The president , Hillary Clinton, very gracious yesterday. It was beautiful. It was really rough for everybody in the white house especially. Been working for so many years on everything theyve been building. It was a rough day and the president really, i think, pushed people forward in the right direction. And also pushed the president elect in the right direction. I think as dramatic of a difference this certainly seems to the media, at least in new york and manhattan and d. C. And across the country, tre are so many similarities to whats happening today with whats happened when you have the passing the power in the past where you actually do see everybody going from showing their worst sides to their best sides. So you had those conversations, those speeches, and then you had donald trump calling Chuck Schumer. Chuck schumer putting a good, positive statement out. Nancy pelosi doing the same thing. Them coming together as americans. I think there was a reason why the dow jones hit an alltime high yesterday. Did you see that . Its because actually as much as we denigrate politicians in washington, yesterday democrats and republicans seemed to act together in concert in the best interest of this country. I thought the markets were supposed to collapse . Well talk to Steve Rattner about that. Lets get onto the news. President obama will be meeting with president elect trump in the Oval Office Later this morning to discuss the future of the country as well as potential policies that could be carried over. The president has ordered that trump, Vice President elect mike pence and designated members of their team receive access to the president s daily briefing. The intelligence assessment with the nations most highly guarded secrets. First Lady Michelle obama will greet Melania Trump in the east residence for their first meeting as the white house changes hand and joe biden called governor pence yesterday and invited him to the naval observatory for dinner. Hows that going to go . We had an abnormal president ial campaign and the last 48 hours is the way it always works. Its extraordinary. The meeting today president obama greeting the guy who was the leader of the Birther Movement and questioned his right to be president. Donald trump saying these things about barack obama. Barack obama spending the last month just hammering and savaging him saying hes unqualified to be president of the United States. Im sure he said it because he believed it. But this reminds me so much, harold ford, of that book the president s club that talks about Michael Duffy where you have people killing each other on the campaign and when its over, they come together not happy about it but they come together and two years later they realize theyre in a club and theres only like two or three people in the world who knows what theyre going through and like george h. W. Bush and bill clinton and like barack obama having very gracious things to say about george w. Bush yesterday. They realize theyre in this very small club and they lean on each other. Part of what helps bind them in addition to what you and mark said and its great for the country to see the tradition this part of the campaign and this part of the president ial transition happening as it should is they all get that president ial security briefing. When that happens not only are you a member of that club but youre the most important member of the club at the moment because youre expected to lead. So well watch this play out. It was fascinating on one level to talk to friends of mine who dont follow politics or know it and love it and live it like we do who were surprised that this could happen the way it is and that president obama and Vice President biden would bill clinton, i think youve seen donald trump together, again, i had somebody shocked i said, bill clinton and donald trump will be playing golf within two years. They went its going to happen. Maybe the first year. Because they have no choice. As barack obama said, this is an intermural battle. Were on the same team. We have to be in the same boat together. Its going to happen. Just from pelosi to schumer across the board, and even this morning as you watch mika mentioned and steve will touch on how the markets reacted was a surprise for many people and even world leaders. I know when richard was on, he talked about his advice whom he would call and reassurances he would give and to see president elect trump is doing that. Demonstrations last night across the country but to watch this aspect of the transition happen is reassuring. Steve, the markets, what happened . The markets went up for a variety of reasons. First of all, some of it is postelection relief that we had a peaceful transition of power. Markets hate uncertainty and now you have certainty and good bit is look at what donald trump said he was going to do and what hes saying hes going to do is substantial tax cuts, which will in the short run create some Economic Growth and good bit of spending particularly on infrastructure and so if you look at the stocks and heavy equipment business like caterpillar and people that are involved in infrastructure, they went up a lot. Banks went up a lot because Interest Rates went up which is good for banks but also because donald trump has said hes going to dismantle dodd frank and thats something Banking Companies want. Mike barnicle, if you just look at this ideologically out there, youre going to expect especially after such a heated campaign, youre going to expect that nothing gets done but the fact is nancy pelosi immediately said along with Chuck Schumer and others, i think we can work on an infrastructure bill together. Donald trump also talking about infrastructure. And nancy pelosi said as president elect trump indicated, investing in infrastructure is important priority of his. I had somebody say so now the republicans want to do infrastructure because now theres a republican thats president. Thats somebody that just doesnt understand. Donald trump has been a democrat his entire life. Donald trump is not going to fight for the things that i fought for, which is entitlement reform, balance budget. He wants to be a big president. Maybe some of them. He wants to be a big president. Hes not going sit there looking at decimal points and how the budget is going to balance 25 years from now. There are going to be a lot of things where he and pelosi will have more in common than say he and pat toomey. First of all, joe, the country was owed what happened yesterday. This peaceful transition. The acknowledgements from president obama, speaker pelosi, donald trump in the Early Morning hours yesterday speaking more humanely and more soberly about the job that he is about to takeover. I dont think in history we could look at history and never see a time when a peaceful transition was more necessary and needed to be spoken about publicly by the people involved in it. With regard to his potential program, with regard to cutting regulations and steve just alluded to the stock market having a fairly healthy day, a very healthy day, i cant recall we always talk about the first 100 days of an administration. I cant recall a time in the last 40 to 50 years of presidencies when the first 100 days is going to be more instrumental in setting a course for a presidency than Donald Trumps first 100 days because he has, first of all, for the first time in history he has Mitch Mcconnell actually smiling and meaning it. He has the republicans in control of the house and the republicans in control of the white house. You also have, mike, something i know this will be a shock to editors at the New York Times, but it shouldnt be, youll have donald trump, a republican president , talking to a minority leader in Chuck Schumer and a democratic minority leader nancy pelosi, who understand each other culturally. I know that will shock a lot of people. They have been around each other for years. Donald trump has, i think, given checks to both of them. Has that ever happened the president has given to minority leaders . A democrat their entire life and decides three years before he runs for president to be a republican. What i noticed is theres a Cultural Divide between, lets say, democrats from new york and california and republicans negotiating from Middle America. Youre just not going to have that this time. Youre actually, again, i know a lot of ideologues dont want to hear this and it will upset a lot of conservative republicans and liberal democrats, but youre going to have it wasnt hard for donald trump to call Chuck Schumer yesterday or nancy pelosi. Hes known them a long time. Contributed to them and maybe washington will work more effectively. Im going to say this and it may be too soon because ive never seen these two americas as you walk around this world, everybody is crying. So upset. It is the end of their world. Ive never seen this more than in this past election result. Having said that, we do know donald trump. What he does love is interacting friction with drama with engaging with joy with people. Hes not afraid of people. He wants to talk to people all day long. Its what he does. This is going to be unlike anything weve ever seen, and i think decades and definitely in the past administration where i feel that there was a lack of interest in socializing and connecting with people after hours. I think that president obama had a different approach that way. And Hillary Clinton had a big wall of protection around her. There was no access to her. I think this is going to be politically the most assessable president weve ever seen. I think also anybody that knows how george w. Bush ran his administration, he had republicans two years in complaining that they never had been to the white house to meet him before. Youre not going to have that problem here. George w. Bush the same way. He wanted to work. He wanted to go upstairs and watch espn. This will be far different. We have a lot to talk about. In the New York Times theres a piece where the media is examining how horrifically they missed this and what a bubble they were in. I want to talk about that. It leads into a lot of things that youre saying. First, i think we just have to get to the most moving sound from yesterday. Hillary clintons remarkable speech. Here she is speaking to her supporters and tearful aides about the loss. Last night i congratulated donald trump and offered to work with him on behalf of our country. I hope that he will be a successful president for all americans. This is not the outcome we wanted or we worked so hard for, and im sorry that we did not win this election for the values we share and the vision we hold for our country. I know how disappointed you feel because i feel it too. And so do tens of millions of americans who invested their hopes and dreams in this effort. This is painful. And it will be for a long time. We have seen that our nation is more deeply divided than we thought. But i still believe in america, and i always will. And if you do then we must accept this result and then look to the future. Donald trump is going to be our president. We owe him an open mind and the chance to lead. Our constitutional democracy enshrines the peaceful transfer the power, and we dont just respect that, we cherish it. It also enshrines other things. The rule of law, the principle that we are all equal in rights and dignity, freedom of worship and expression, we respect and cherish these values too, and we must defend them. And to the young people in particular, i hope you will hear this. Ive had successes, and ive had setbacks. This loss hurts. But please never stop believing that fighting for whats right is worth it. [ applause ] and to all the women, i want you to know that nothing has made me prouder than to be your champion. And to all of the little girls who are watching this, never doubt that you are valuable and powerful and deserving of every chance and opportunity in the world to pursue and achieve your own dreams. Mika, in a day of extraordinary moments, i got to say, moments that moved me and surprised me more than any in at least a decade. I cant think of a day where i just kept looking at the television saying i cant believe this story unfolded the way it did. I cant think of another news story that surprised me this much politically in a very long time. I think theyre surprised too. The entire campaign that was the most remarkable moment of all of the remarkable moments we saw yesterday. Hillary clinton once again doing what she does best coming back and showing unprecedented perseverance. It was beautiful. Steve rattner . Ive known her for 20 years as i suspect other people at this table have. She is a formidable woman. Shes of extraordinary ambition. I say that in a positive way. That makes this kind of a moment even harder to take. It was so unexpected. Ive been around her supporters the last 48 hours and devastation is palpable. Its one thing to lose. Its another thing to until 9 00 at night think youre going to win. And this is an example of her incredible selfdiscipline and incredible commitment to Public Service and her incredible desire to end this on a high note. Harold ford, we have come to expect people like Hillary Clinton and al gore and george h. W. Bush to show extraordinary grace in defeat. Theres no guarantee that thats going to happen. What Hillary Clinton did yesterday, i put up there with the other two people i named. Again, just an extraordinary selflessness putting country ahead of party and ahead of personal ambition. It was really moving and extraordinary what she did. Astonishing resilience she showed yesterday. As both of you have said 12 hours, 18 hours before, she thought this would be a very different outcome. Especially 24 hours before. And to take on all of the pain and the grief to steves point the unbelievable feeling in that room. She took it all on and projected back to everyone if you believe in what we fought for and what i fought for throughout my public life, now is not the time to give up. To hold herself together with her husband, her daughter, her soninlaw standing there, Vice President ial candidate, and all of us watching, many of us who invested so much in her personally and to the campaign, it was really a stunning moment. I congratulate her and thank her for the service for 40 years in public life and hope its not the end of it. Its a different chapter and different way she can contribute. It was really remarkable. Were going to talk about this more in the next few blocks, i want to followup on what steve just said about how the Clinton Campaign believed until 9 00 that they had a lock on this. That they were going to win. The fault of that actually lies with the media. And theres some selfreflection. Jim writes a fascinating article where the New York Times editor and others basically come to terms with the fact that they stopped being journalists over the last month and began being cheerleaders and began being people who had a conclusion that they reached and then searched for facts to show that Hillary Clinton was a 92, 93, 99. 99 chance winner of winning this campaign. They how else would you explain it . Is it a big aberration . I would like to hear it was there the entire time. They didnt want to hear it. They didnt want to see it. When people like mark, us, nate silver, even i want you guys to think about this. People i know and love, i want you to think about this. When anybody even made the suggestion that donald trump could be elected president of the United States, it was their journalistic standards that were questioned. When Mark Halperin suggested that there was a pathway forward for donald trump as president of the United States, i wont name names because so many of them are my friends and theres no need to name names now. The time for recrimination is over. But reporters at some of the best newspapers in the world, anchors at some of the best News Networks in the world, mocked and ridiculed Mark Halperin, think about this. They mocked and ridiculed him not for saying that donald trump is going to be elected president of the United States. They mocked and ridiculed him for saying there was a slight chance that donald trump could be elected president of the United States. Now, if your job, you thought, and jim did say back in august the New York Times job and journalist job was to defeat donald trump, that was editor of the New York Times confirmed