Good monday morning. Welcome to squawk alley. Im Carl Quintanilla with Morgan Brennan and jon fortt at the Stock Exchange it is a historic day of trading. We will begin with the selloff which did include a break with Circuit Breakers richard on the stress test for stocks, mike santoli on the crude awakening in oil prices as the saudis launch a price war. Rick santelli on a bad yield trip for treasuries and Steve Liesman on the fear and the feds response bob pisani, lets begin with you and think about whats important this morning. Whats important is how did the system respond to the immense stress that we had today. This is the first real test of the margin Circuit Breaker system set up back more than 30 years ago and we did have a halt on the s p at 9 33 for 15 minutes. The by all appearances it looked like it went well it reopened understandably some bargain hunters there, a mild lift in the markets so the mechanics seem fine. What was distressing to see what happened to Oil Stocks Pu
Senator mark warner from virginia. From 200222006 senator warner served as governor of the great state of virginia and when he left Office Estate was right that the best day for business the best managed state in the best state in which to receive a public education. In the senate he has distinguished himself as a leader works with colleagues from both parties on behalf of the state and every one in our country. He serves on the finance banking budget and rules committee and is vice chairman of the select committee on intelligence. Senator warner is with us today. He has been a great leader for our country and please help me welcome him to speak to us as well. Senator warner. [applause] thank you mitch, thank you for that introduction and thank you for the great work you are doing in new orleans. Thank you for your familys longterm contribution. I started in politics indirectly working for moon landrieu. Its a real honor to be here with you and let me also give a shoutout to the remain
Kristol. This is just over an hour. Thank you all so much. Welcome back. Our final session will speak on the current state of politics and i am pleased to begin with senator mark warner from virginia. From 200222006 senator warner served as governor of the great state of virginia and when he left Office Estate was right that the best day for business the best managed state in the best state in which to receive a public education. In the senate he has distinguished himself as a leader works with colleagues from both parties on behalf of the state and every one in our country. He serves on the finance banking budget and rules committee and is vice chairman of the select committee on intelligence. Senator warner is with us today. He has been a great leader for our country and please help me welcome him to speak to us as well. Senator warner. [applause] thank you mitch, thank you for that introduction and thank you for the great work you are doing in new orleans. Thank you for your familys
The state and every one in our country. He serves on the finance banking budget and rules committee and is vice chairman of the select committee on intelligence. Senator warner is with us today. He has been a great leader for our country and please help me welcome him to speak to us as well. Senator warner. [applause] thank you mitch, thank you for that introduction and thank you for the great work you are doing in new orleans. Thank you for your familys longterm contribution. I started in politics indirectly working for moon landrieu. Its a real honor to be here with you and let me also give a shoutout to the remaining virginia mayors who are here. Hello you guys, how are you . Let me also realize i had more Senate Sessions and i know you are winding down so presume i spend another three minutes complimenting everyone in the room site you get to the meat of my message. The truth is and i know this has been a subject of your conversations over the last couple of days obviously cities a
Good morning, welcome to squawk alley. Kara is joining us from our Nations Capital more activity in trump tower. Marilyn houston is meeting with the president elect. We have been following this one. Phil is joining us tr chicago. Good morning, what this meeting is is the second one between the ceo of martin and donald trump in the last three weeks. Lets see if this one goes better. That was down and she walked in there. A short time later we saw the ceo of boeing walk in. He said im not happy about the cost of air force one. Or the f35, what is Lockheed Martin. They said were going to work the administration to bring down the cost. She walked out and didnt say a word. The trump tweets continued to blast locke Lockheed Martin. Theres been a couple tweets and hes talked about it at press conference this week. So they meet at noon. Lets see if the meeting goes better in terms of her making it clear to the Trump Administration that she understands their concerns, and will work with the adm