And the president elect to use now standing win. His children daughter of rocker morning thanks RE zero and CEO we become a podium and we will be introduced. By members of his now. Elect take your questions. After the president elect makes a remark he introduced. Sherri deal and a prominent attorney in Washington DC with the prestigious firm of Morgan Lewis. Who who structure of the agreement pursuant to the president's business arrangements if you give brief remarks. Before we start I want to bring your attention to a few points on the report it was published in by street last night. It's frankly outrageous. And highly responsible for a left wing plot that was openly hostile the president elect's campaign. To drop tightly salacious. And flat out all information. On the candidate just days before he takes the oath of office. According to Bart's feet own editor there are some serious reasons to doubt the allegations in the report. The executive better at the New York Times also dismissed the report by saying it was quote totally. On that can't cheated echoing the concerns that many other reporters expressed on the Internet the fact it by speed and yen and made the decision to run with his unsubstantiated. Claim. Is a sad and pathetic attempt to get collect. The report is not an intelligence report plain and simple. One issue that the report. Talked about what's the relationship of three individuals associated with the campaign. These three individuals pol import Michael Cohen and Carter PH. Carter page is an individual who the president elect does not know and was put on notice months ago by the campaign. Paul Mann a port has adamantly denied any of this involvement. And Michael Cohen who said who visited Prague in August and September did not leave or entered the United States during this time. We asked him to produce his passport to confirm his whereabouts and a date in question. And there was no debt doubt that he was not in Prague in fact mr. Cohen has never been in prop. A new report actually suggest. That Michael Cohen with a key at the University of Southern California with his time. At a baseball game one report now suggests that apparently it's a no other Michael Collins. For all the talk lately about fake news. This political witch hunt by some in the media is based on some of the most Lindsay reporting and it's frankly shameful. And disgraceful. With that is my honor to introduce the next vice president the United States might tax. Sean Spicer is the incoming Press Secretary in the country administration. Put another vehement denials of earlier reports about Russia and now the vice president elect Mike Pence. From the inauguration. Of the 45. President of the United States of America. I am profoundly honored and humbled. That I will take the oath of office to serve as vice president. Of the United States nine days from today and I'm even more honored. Stand shoulder to shoulder. With a new president who will make America great again. Now. The president elect's leadership and his energy during the campaign was impressive. But as the chairman of the transition effort. I can assure the American people that his energy and his vision. During the course of this transition has been even more inspiring. Either way he has brought together men and women of extraordinary capability. At a historic pace in his cabinet. Nineteen of the Tony one cabinet officials have been announced nine committee hearings already scheduled seven more soon to go on the books in the next several days. And it is it is a compilation of men and women. And with that unprecedented. Caliber of leadership and background. To help this administration move our nation forward. Perhaps that's why there's been such a concerted effort by some in the mainstream media to delegitimize this election. And to demean our incoming administration. You know I have long been a supporter of a free and independent press and I always will be. But with freedom comes responsibility. And the irresponsible. Decision. Of a few news organizations to run with a false and on substantiated. Report when most news organizations. Resisted the temptation to propagate this fake news. Can only be attributed to media bias. An attempt to demean the president elect and our incoming administration and the American people are sick and tired of it. But today. We'll get back to real news. To real facts. And the real progress our incoming president has already made. In reviving the American economy and assembling a team that will make America great again. And will hear from the president elect about issues that are of Paramount importance to the American people today. So it is my honor. It introduced all of you my friend. And the president elect of the United States of America. Ultra. Live from New York vice president. Thanks credited president elect Mike Pence introducing president elect trump stepped into the microphone now in New York. Much it's very familiar territory news conference is because we used to give money. Almost daily basis I think we probably. Maybe won the nomination because of news conferences and it's good to be with you. We stopped giving them because we are getting quite a bit of an accurate news but I do have to say that. And I must say that I want to thank. A lot of the news organizations here today. Because. They looked at that nonsense that was. Released. By. Navy intelligence agencies. Who knows what may be the intelligence agencies which would be a tremendous Ly. On their record if they infected that a tremendous lot. Because that thing like that should have never been written. It should never been head and it should never have been released. But I wanted to think a lot of the news organizations for some of whom have not treated me very well over the years. A couple in particular. And they came out so strongly against that fake news. And the fact that it was written about by. Primarily one. Group and one television station. So I just want to complement many of the people in the room have great respect for the news and great respect for. Freedom of the press and all of that but I will tell you there were. Some news organizations. Will go all the was just said that were so professional. So incredibly professional. That I've just gone up a notch to what I think OK. Our. We've had some great news over the last. Couple of weeks have been quite active. I guess you could say in an economic way for the country. Lot of car companies are going to be moving and we have other companies big news is going to be announced over the next. Couple of weeks about companies that are they building in the midwest you saw yesterday Shiite Chrysler. Big big. Factory going to be built in this country as opposed to another country. Afford just announced that they stopped plans for. A billion dollar plant in Mexico and they're going to be moving into Michigan and expanding very substantially eight and existing plant. I appreciate that from Ford I appreciate it very much from Fiat Chrysler. I hope that General Motors will be following. And I think they will be I think a lot of people will be filing I think a lot of industries. Are going to be coming back we have to get our drug industry coming back on drug industry has been disastrous leaving left and right. They supply our drugs but they don't make them here. To a large extent. And the other thing we have to do is create new bidding procedures for the drug industry because. They're getting away with murder. Pharma. Form has a lot of lobbies well obvious a lot of power. And there's very little bidding on drugs. Was the largest buyer of drugs in the world. And yet we don't bid properly we're gonna start beating that would save. Billions of dollars over a period of time. And we're gonna do that with a lot of other industries. I'm very much involved with the generals and admirals on. The airplane the F 35 you've been reading about it. And it's way way behind schedule and many many billions of dollars over budget. I don't like that and the admirals have been fantastic the generals have been fantastic I've really gotten on well. And we're gonna do some big things on the F 35 program. And perhaps the F eighteen program. And we're gonna get those costly down. And we're gonna get the plane to be even better. And we're gonna have some competition and it's going to be a beautiful thing. So we've been very very much involved and other things. We had. Jack Ma we had so many incredible people coming here just are no. They gonna do tremendous things. Tremendous things in this country. And they're very excited and I will save the election didn't turn out the way it turned out they would not be here that would not be in my office they would not be in anybody else's office they'd be building and doing things and other countries. So there's a great spirit going on right now as spirit that many people have told me they've never seen before ever. We're gonna create jobs I said that I will be. The greatest jobs a producer that god ever created and I mean that I really I'm gonna work very heart of we need certain amounts of other things including a little bit of luck. But I think we're gonna do a real jab and I'm very proud of what we've done and we haven't even gotten there yet. I looked very much forward to the inauguration it's going to be. Yeah beautiful event. We have great talent tremendous talent. And we have the all of the bands are most of the bands from the different. From the different. Segments of the military. And I've heard some of these bands over the years their incredible. We have a very very elegant today. The twentieth is going to be something that will be very very special very beautiful. And I think we're gonna have massive stress because we have a movement. It's a movement like the world has never seen before. It's a movement that a lot of people didn't expect. And even the polls although some of them did get it right. But many of them didn't. And that was a beautiful scene on November 8 at news. Those states started to Koren. And we focus very hard in those states and they really reciprocated. And those states that have a lot of jobs in the gonna have a lot of security they're gonna have a lot of the good news. For their veterans and by the way speaking of veterans. I have pointed today. And the head secretary. Of the veterans administration David schalken. And will do a news release a little while tell you about David he's fantastic. He's fantastic you will do a truly the great job one of the commitments I've made is that we're gonna straighten out. The whole situation for our veterans our veterans have been treated horribly they're waiting in line for 151617. Days. Cases where they go and they have. He minor. Early stage form of cancer and they can't see a doctor by the time they get to the doctor. That terminal. I can happen so I can happen. So David is going to do a fantastic job we're going to be talking to a few people also to help David. And we have some of the great hospitals of the world going to align themselves with us on the veterans administration. Like the Cleveland clinic. Like the Mayo Clinic. Few more than we have and we're gonna set up a a group these in hospitals and have been the top of the line the absolute. Top of the line and then they're going to get together with there. And great doctors doctor Toby Cosgrove as you know from the Cleveland clinic has been very involved. Ike Perlmutter has been very very involved one of the great men of business. And we're gonna straighten out. The DA for our veterans I've been promising that for a long time. And something I feel very very strongly so you'll get the information on. David and I think he'll be very impressed with the job he does and we looked long and hard we interviewed. At least a hundred people. Some good some not so good. But we had a lot of talent and we think this election will be something that will with time. With time. Straighten out and straightened out for good. Because our veterans have been treated very unfairly okay. The questions yes John. Thank you. That the intelligence briefing that you received on Friday that we're looking for further clarification. First of all did the heads of the intelligence agencies. Provide you with a two page summary of these unsubstantiated allegations and secondly about the broader picture. Do you steps their opinion. That Vladimir Putin ordered the attack of the DNC in the attempted act of yards and if you do how wolf that. Colored your chance to build a relationship with the leader who has been accused of committing an act of espionage okay yeah yes it is these. As you know are confidential classified. Some not allowed to talk about what went on and meeting and but we have many witnesses in that meeting many of them with us. And I will say again I think it's a disgrace. That information. Would be let out. I saw the information I read the information outside of that meeting it's all fake news it's phony stuff. It didn't happen. And it was gotten by opponents of ours as you know because you reported it and so did many of the other people. It was a group of opponents got together sick people. And they put that crap together so. I will tell you that not within the meeting but outside of the meetings. On somebody released it. Should never have been number orchard of even entered paper. But it should never have been released but I read what who has released. And I think it's a disgrace. I think it's an absolute disgrace as far back in I think it was Russia but I think we also get hacked by. Other. Countries and other people. And I can say that you know when when we lost 22 million. Names and everything else that was hacked recently. That it make a big deal out of that that was something that was extraordinary that was probably China. We had we have much hacking going on and one of the things we're gonna do. We have some of the greatest. Computer minds anywhere in the world that we've assembled you spoke just a sample of a two weeks ago appear where we have the six top. People in the world they were never in the same room together as a group. We're gonna put those minds together. And we're going to Foreman defense and I have to say this also. The Democratic National Committee. Was totally open to be hacked they did a very poor job. They could have had hacking defense which we had and I will give rights previous credit because. When rice. So what was happening in the world and with this country. He went out and went to various firms and ordered a very very strong acting defense and they tried to hack. The Republican National Committee and they were unable to break through. We have to do that for a country. Very important. That's part of that question myself how could all of this potentially color. Your attempt to build a better relationship with President Putin. Well you know president mote in Russia put out a statement today that this is a fake news was indeed fake news they said it totally never happen. Somebody would say all of course is gonna say that I respected the fact that he said. And I I'll be honest I think if we did have something they would of released that they would have been glad to release. I think frankly had they broken it to the Republican. National committee I think they would of released it. Just like they did about Hillary and all of the horrible things that are people like mr. Podesta said about her I mean what he said about her was horrible. If somebody said about me. What Destin said about Hillary I was the boss I would've fired him immediately. Or that person. Because what he said about her was horrible. But remember this we talk about the hacking. Schemes there. And it shouldn't be done. But look at the things that were hacked look at what was learned from that neck in that Hillary Clinton got the questions. To the debate. And didn't report it that's a horrible thing. That's a horrible thing can you imagine that of Donald Trump got to questions of the debate. It would have been the biggest story. In the history of stories. They would have said immediately you ought to get out of the race nobody even talked about it. Very terrible thing ya. All that intelligence report. That the second part of their conclusion was that Vladimir Putin ordered it. Because he aspire to help you in the election year except that part of the finding and Liu on to what President Obama did. To punish the Russians for this or keep an atlas. Who likes Donald Trump. I consider that an asset not a liability. Because we have a horrible relationship with Russia Russia can help us fight prices which by the way is number one tricky. I mean if you look this administration created. By leaving at the wrong time. The void was created ice this was warmed. If he likes Donald Trump guess what folks that's called an asset not a liability now I don't know that I'm gonna get along. With Vladimir Putin I hope I do. But there's a good chance I won't. And if I don't you honestly believe. That Hillary would be tougher when potent than me does anybody in this room really believe that. Give me a break. Okay. What did you do with it you are the most it was his. Engaged in conduct you know regret that a reasonable doubt about it we're reasonable observers say that I. I think all but she's gone to block my Obama or white intelligence agencies as but it. When I believe. Our country I am very high profile person would you say. I am extremely careful I'm surrounded by bodyguards. I'm surrounded by people. And I always tell them anywhere but I always tell them if I'm leaving this country. Be very careful. Because in your hotel rooms and no matter where you go yeah that probably have cameras I'm not referring just to Russia. But I would certainly put them in that category. And number one I hope you're gonna be good anyway. But in those rooms you have cameras in the strangest place. Cameras that are so small with modern technology. You can't see them and you won't now. You better be careful. Or you'll be watching yourself. One nightly television. I tell this to people. All the time. I was in Russia years ago with the miss universe cuts which did very well Moscow the Moscow area hit very very well. And I told many people. Be careful. Because you don't wanna see yourself and television cameras all of that and again that rash all over. Does anyone really believe that I'm also very much of the German flown by the way. Believe me. Here is his first of Oliver and some of these rusher Lamar basing your comments here today. Do you believe hacking was just night does Russia have any leverage over Angela or otherwise and it's now you're released a different story moved. About that I have no dealings with Russian. I have no deals and Russian. I have no deals that could happen in Russia because we've stayed away. And I have no loans with Russia as a real estate developer I have very very little debt. I have assets that are and now people found out how big the company has ever little that are very low debt but I have no loans with Russian at all. And I thought that was important when I certify that so I have no deals I have no loans have no dealings. We could make deals in Russia very easily we wanted to I just don't want to because I think that would be a conflict. So I have no loans no dealings and no current pending deal now I have to say when that. Over the weekend I was offered two billion dollars. To do a deal in Dubai where they are very very very. Amazing man and great great developer from the Middle East. Hussein to Mac. And a friend of mind great and was offered. Two billion dollars. To do a deal in Dubai a number of deals. And I turned it down. I didn't have to turn it presents you know. I have a no conflict situation because I'm president witches I didn't know about that until about three months ago but a nice thing to have. But I don't wanna take advantage of something. I have something that others don't have vice president parents also has I don't think you'll need it I have a feeling as a community. But. I haven't no conflict of interest provision has risen. It was many many years old this is for presence because they don't want presidents get I I understand they don't want president's getting tangled up in minutia they want a president to run the country. So I could actually. Run. My business I could actually run my business and ran government at the same time. I don't like the way that looks but I would be able to do that if I wanted to be the only one they'll be able to do that you can't do that. In any other capacity but as a president I could run the Trump Organization. Great great company and I could run the company I think the country I do very good job but. I don't wanna do that now all of these papers that you see here yes go ahead and shut. But few believe the hacking was justified and will you release your tax return to prove you're saying about that deal. Well I'm not release and actually trustees as you know there under it. I want them Ira the last yeah everything I Daryn it's. That's factors influence. The public that happens I I want. He became president. I don't think thinking at all. Chris what you learned very little from attacks each and what you should do is go down the federal elections and take a look at the numbers. And actually people have learned a lot about my company. And now they realized my company is much bigger much more powerful than they ever thought we're in many many countries and a very proud of it. And what I'm going to be doing. Is my two sons. Who are right here. Don. And Aaron. Are going to be running the company. They are going to be running it in a very professional manner then pocketed the discuss it with me again I don't have to do this. They're not gonna discuss it with me and with that I'm going to bring up. Jerry Dylan and she's going to go at these papers are just some of the many documents that I signed. Turning over complete and total control to my sense. There. Good morning. My honor and privilege to be here today as president elect trump request. He asked me as you've just heard speak about the conflicts of interest and the steps he's taking. As you know the business empire built by president not trump over the years has massive. Not dis similar to the fortunes of Nelson Rockefeller when he became vice presidents. But at that time no one was so concerned. President elect trump wants the American public to rest assured that all of his efforts are directed to pursuing the people's business and not his own. To that end as he explained a few moments ago. He directed me and my colleagues at the law firm Morgan Lewis and box yes design a structure. For his business empire that looked completely. Isolate him from the management of the company. He further instructed that we build in protections that will assert the American people the decisions he makes and the actions that he takes us presidents. Our port their benefits and not to support his financial interest. As he said he's voluntarily taking a non. The conflict of interest laws simply do not apply to the president's or the vice president. And they are not required to separate themselves from their financial aspect. The primary conflicts of interest statute in question does the extant eighteen USC 208. And it simply an applicable. By its term and this is not just our interpretation. It's congress that self who have made this clear in 1989 when an amended section eighteen USC two boats use to date that. Except as otherwise provided the terms office and employee. In section 208 shall not include the presidents. Even though president elect trump wants it to be no doubt in the minds of the American public he is completely isolating himself from his business interest. He instructed us to take all steps realistically possible. To make it clear that he is not exploiting in the office of the presidency. For his personal benefit. He also sought the guidance of individuals who are familiar with and it worked extensively and the fields of government ethics and constitutional law. Critical to the Morgan Louis team is Fred Fielding standing here who are tied in with us today. In many of you have known him he has served several presidents over the years including serving as counsel to president Ronald Reagan. And George W. Bush as well serving on president George HW Bush's commission on federal ethics law reform. And also held the position of vice chair of the ethics resource center. Mr. fielding has been extensively involved with an approved this plan. He's here today to support the plan and you'll continue to provide guidance as the plan is implemented. And ask Eric Don and along with others take over management of the Trump Organization. And they detail some of the extraordinary apps now that the president elect is taking. First president electrons. Investment and business assets commonly known as a form as the Trump Organization. Comprising hundreds of entities which again he although I take a look at his financial disclosure statement the pages and pages and pages of entities. Have all been or will be conveyed to a trust prior to January 20. Here is as some of the paperwork but taking care of those actions. That gets through the trust agreement he has relinquished leadership and management of the Trump Organization. To his son Don and Eric. And a long time trump executive Alan my upper. Together Don Erica Allen we'll have the authority to manage the Trump Organization. And make decisions for the duration of the presidency without any involvement whatsoever by president electron. Further as the president elect's direction the trust agreement provides too and that to ensure the Trump Organization. Continues to operate in accordance with the highest legal ethics standards. An ethics advisor will be appointed to the management team. The written approval of the ethics advisor will be required for new deals actions and transactions. The content could potentially raise. Ethics or conflict of interest concerns. President elect trap as well as on Erica Allen are committed to ensuring that the activities at the Trump Organization are beyond reproach. And cannot be perceived to be exploitive of the office of the presidency. President elect tropical resign from all officer and other possessions he holds with the Trump Organization entities. Further and it just sends his daughter Barca have no further involvement with our management authority whatsoever with the Trump Organization. As she and Jared and their family to DC a possibility saddle focused on peddling her children and their new homes and their new schools. The president elect has also already disposed of all of his investment in publicly traded or easily liquidate its investment. As a result the trust we'll have two types of apps that. First it will hold liquid cash cash cash equivalents and treasuries and perhaps on positions and a government approved diversified portfolio. One that is consistent with the regulations from the Office of Government Ethics. Act and the trust is going to hold his preexisting. Ill liquid but very valuable business asked that the ones that everyone here is familiar it trump owned and operated him branded golf clubs. Commercial rental property resorts hotels. Right to royalties from pre existing licenses of trump marks production and goods so things like trump tower Merrill Largo. All of his other business assets forty Wall Street we'll all be in the trust. There instructions and the trust agreement president elect trust president elect trump first ordered that all pending deals be terminated. Has impacted more than thirty deals many of which were set to close by the end at 2016. As you can well imagine that caused an immediate financial loss of millions of dollars not just for president elect from. But also for Donnie vodka and Eric. The trust agreement. As directed by president trump imposes severe restrictions on new deal. No new foreign deals will be made whatsoever. During the duration of president trump presidency. New domestic deals will be allowed but they will go through it Rick vigorous. Betting props. The president elect we'll have no role in deciding whether the Trump Organization engages in any new deal. And you'll only know of a deal if he reads it in the paper or he's on TV. Because any new deal could and I emphasize could. The perceived as causing a conflict or is exploiting the office of the presidency. New deals must be vetted with the ethics advisor. Whose role be analyzed any potential transactions for conflicts and ethics issues. The ethics advisor will be recognized expert and in the field of government expert again his role because scrutinize the new deals and the actions. And then and any new deal must receive written approval. To further reinforce the wall that we are building between president elect trump and the Trump Organization. President electron has ordered through his trust agreement to sharply limit the information rights. Report will only be available and reflect profit and loss. On the company as a whole there'll be no separate business by business accounting. Another step that president elect Tom has taken is he created a new position at the Trump Organization. Position of chief compliance counsel. Whose responsibility will be to ensure that the truck businesses again our operating at the highest levels of integrity. And not taking any actions that could be perceived as exploiting the office of the presidency. He is also directed that no communications of the Trump Organization. Including social media accounts will reference or be tied to president elect prompts role as president of the United States. Or the office of the presidency. In some all of these actions complete relinquish relinquish meant a management. No foreign deals. Ethics advisor approval of deals sharply limited information right we'll ever president elect comes presidency from the Trump Organization. Some have asked questions why not type that why not just fell everything. Form a blind trust. And I'd like to turn to address in some of those questions now. Selling first and foremost would not eliminate possibilities of conflicts of interest in fact it would exacerbate them. The truck brand is key to the value of the Trump Organization asked that. If president electrons sold his brand that'd be entitled to royalties for the use of it and this results in the trust re retaining an interest in the brand. Without the ability to assure that it does not exploit the office of the president. Further whatever price was paid would be subject to criticism and scrutiny was it you hi is there pay for play. Was that too much paid to curry favor with the president elect. And selling his battle that's without the right of the brand would greatly diminish the value at the asked that and create a fire sale. President elect trump should not be expected to destroy the company he built. The plan offers a suitable alternatives to address the concerns of the American people. And Allen the entire Trump Organization. Is it's even feasible. Some people have suggested that the president elect sell the business to his adult children. This would require naff of third party debt sourced with multiple lenders whose motives and willingness to participate would be questions and undoubtedly investigate it. And if the president elect were to finance the sale and health food retained a financial interest in the asked that that he owns now. Some people have suggested that the import the present electron and fondled the ask that and turn the Trump Organization. Into a public company. Anyone who's ever gone through this extraordinarily. Cumbersome and complicated process. Knows that if this thing non starter it is not realistic and it would be inappropriate for the Trump Organization. Some people suggested a blind truck. Which you cannot have a totally blind trust with operating businesses. President trough cans and no he owns trump tower. And the press make sure that any new development at the Trump Organization are well top publicized. Further it would be impossible to find an institutional trustee. That would be competent to run the Trump Organization. The approach she's taking it allows on an Eric to preserve this great company and its iconic app that. And this approach is best from conflicts and ethics for practice it create a complete operation. From president electrons and and even a break him and prevent him for participating in the business. Imposes strict limits on what the trustees continue and requires via ads have any ethics advisor to a new deal. They turns one last topic today that has been of interest lately. Called a monument that's the word I think we've all become familiar with and perhaps. And had not heard before. And we're gonna describes her mother axes the president electron is taking to avoid even the appearance of a conflict. A monument comes from the constitution. The constitution's. Officials may not accept gifts titles of nobility or monument. From foreign government with respect to their off. And that no benefit to be derived by holding an op. The so called a monument clause has never been interpreted however so quiet at fair value changes. That have absolutely nothing to do with an officeholder. No one would have thought when the constitution was written that pain your hotel bill what and Molly months. Instead elegant bottle this up value for value exchanged. Not a gift not a title and not an Amal movement. But since president elect has been elected and people want to define a monument to cover routine business transactions. Like paying for hotel rooms. They suggest that the constitution prohibits businesses from you an arm's length transactions but the president elect has absolutely nothing to do it. And isn't even aware. These people are wrong. This is not what the constitution says. Pain for a hotel room is not a gift or present and it has nothing to do with an office it's not an Amal immense. The constitution does not require president elect trump to do anything here. But just like what conflicts of interest he wants to do more than what the constitution requires. The president ought trump has to hide it we are announcing today that he is going to voluntarily donate. All profit from foreign government payments made to his hotel. To the United States treachery. This way it is the American people who will profit. In some high and president elect's other advisors at Morgan Lewis have determined the approach we've outlined today. We'll avoid potential conflicts of interest or concerns. Regarding exploitation of the office of the presidency without imposing unnecessary. And unreasonable lockers on the president elect and his family. We believe this structure and these steps are to accomplish. The president elect's desire to be isolated from his business interest. And give the American people confidence. At his old business and interest is in making America great again. Bringing back jobs to the country securing our borders and rebuilding our infrastructure. The American people well well well aware a present electrons business that empire and financial interest when they vote it. Many people voted for him for Spike Lee because of his business success. President elect trump wants to bring the access to all Americans. Cherry Dylan is a tax attorney hired by. The president elect to figure out a structure to avoid the appearance of conflict of interest. The president elect returns to the podium now. Americans what is your response to your critics who say the only you've lost your cap. Build on what's of interest in music as an example in the future to make sure that your your cabinet and. I really think that when you watch what's going on with. What's happening and why urges watching as an example. Rex Tillerson. I think it's brilliant. What he's doing and what he's. I watched yesterday as you know our great senator who is going to be. A great attorney general. And he would it is brilliant. And what people don't know. Is that he was a great prosecutor. And attorney general in Alabama. And he was brilliant yesterday. So I really think that they are I think we have one of the great cabbage. Ever put together. And we've been hearing that from so many people people so happy you know the case of Rex. He ran incredibly. ExxonMobil. When there was a fine he would get it. When they needed something he would be their friend in my and is very very substantial in the oil business Harold Hamm and big supporter. He said. Is nobody in the business like Rex Tillerson. And that's what we want that's what I wanna bring to government I want to bring the greatest people into government because we're way behind. We don't make good deals anymore San all the time at speeches we don't make good deals anymore make bad deals. Our trade deals are a disaster. We have hundreds of billions of dollars of losses. When a yearly basis hundreds of billions. With China. On trade and trade imbalance. With Japan. With Mexico. With just about everybody we don't make good deals anymore. So we need people that are Smart we need people that are successful. And they got successful because generally speaking this mark. And that's what I but I am very proud of the cabinet I think they're doing very well. It's. Very interesting how it's going but it's I think they're doing very very well. I here. And what I hear you mean congressional Republicans on the timeline for repeal and replace him whether an east I'm looking for my name on the characters that are going to be and I wanted to ask you though if you outlined a plan. For what you want it perfectly packaged look like woody here in coverage for those who have gotten health insurance through an Obama. You'd be very very proud. As not only the media and reporters he would be very proud of what we put forth having to do with health care. Obamacare is a complete. And total. Disaster. They can say what they want. They can guide you anyway they want a guy Q in some cases. They guide you incorrectly. In most cases you realize what's happened is imploding as we sit. Some states have over a 100% inquiries and seventeen. And I said this two years ago seventy it is going to be. The bad year. It's going to be catastrophic. Frankly we could sit back. And was thought. From a political import but it wouldn't be fair to the people we could sit back. And wait and watch and criticize. And we could be a Chuck Schumer and it back and criticize it. And people would come they would come begging to us please we have to do something about obamacare. We don't want on it we don't want on it politically. They don't it right now so the easiest thing would be to let it imploded seventeen. And believe me we get pretty much whatever we want it but it would take a long time we're going to be. Submitted. As soon as our secretary is approved. Almost simultaneously. Shortly thereafter. Eight plan. It'll be. Repeal. And replace. It will be essentially. Simultaneously. It will be various segments you understand but will most likely be on the same day here at the same week but probably the same day. Could be the same hour. So we're gonna do repealed and replaced very complicated. And we're gonna get a health bill passed with a to get health care taking care in this country you have deductibles that are so high. That after people go broke paying their premiums which are going through the roof. The health care Kenny leaders by them because it deductibles so. Obama care. Is the Democrat. Problem. We gonna take the problem off the shelves for them with doing them a tremendous service by doing it. We could sit back. And let them hang with that. We like doing that Democrats a great service so as soon as our secretary is approved. It gets into the office will be filing. A plan. And it was actually pretty accurately reported today the New York Times. And the plan will be repeal. And replace obamacare. We're going to have a health care that is far. Less expensive. And far better. Like fast you are certain. The which ones to I was gonna make it. I didn't see numbers like dot doc center. Would you go all the meetings pat carrier Softbank in Alibaba. You conceive of making it's a program maybe sitting inside of commerce and my ball questions about his house we see that program on. Capital repatriation corporate tax cuts. Well look like it's paying jobs for instance I was doing individual companies and it was a well that's only one company like we did a good job with carrier. And I want to thank United Technologies which owns carrier but we stayed close to a thousand jobs. And they would got and Mike Pence and his staff really helped us a lot. But those who Jud that was a tough one because they announced a year and a half before that they were leaving so it's always tough when that building the plant to a little tougher than. Before they start or before they make an announcement so I wanna thank United Technologies but we. That meeting with a lot of companies. But what really happening is the word is now out. That when you wanna move your plan to Mexico or some other place. And you wanna fire all of you workers from Michigan and Ohio are all these places that I want. For good reason. Not gonna happen that way anymore you wanna move your plant and you think as an example you can build that plant in Mexico. And you're gonna make your air conditioners or your cars or whatever you're making. And you get a shell through eight what will be a very very strong order. Not a weak border like it is that we don't even have a ports are open soon. But you're gonna sell through a very strong border not gonna happen. You're gonna pay a very large border checks. So if you wanna move to another country and if you wanna fire all of our great American workers they got you there in the first place you can move from Michigan. To Tennessee. And to North Carolina and South Carolina you can move from South Carolina back to Michigan you can do anyway got a lot of stakes. At play. Competition. So it's not like OG and take in the competition we got a lot of places you can vote. And I don't care as long as it's within the United States the borders of the United States there will be. A major border attacks on these companies that are leaving. And getting away with murder and of our politicians had what it takes it would have done this years ago. And you have millions more workers right now. In the United States that are. 96 million. Really wanting job and they can't get you know that story the real number that's the real them. So that's the way it is okay go ahead. I have a question about Supreme Court and we're just security but also what you ask you about these on Twitter this morning are we living in Nazi Germany. Were you driving at there you have a problem with intelligence community. And Supreme Court what your timeline you sit awhile ago you down before have you conducted those interviews yet what your timeline for nominating. And on the border fence. It now appears clear US taxpayers will pay port up front. What is your plan doesn't get again I got it again you have anymore. Aren't they fat. Lot of chances to war all you just miss reported we're going to build a wall. I could wait about a year and a half until we finish negotiations which Mexico which will start immediately after we get to office but I Norway. Mike Pence is leading an effort. You get final approval through various agencies and through congress for the wall to begin. I don't feel like waiting a year or a year and a half construct build. Mexico in some form and there are many different forms will reimburse us and they will reimburse us for the cost of the law. Whether it's attacks or whether it's a payment. Probably less likely that it's a payment but it will happen so remember this okay. I would say we are going to build the walls and people would go crazy I would then say who's gonna pay for the war. And people would all scream out 2530000. People because nobody's ever had crowds like trump is you know that. You don't like to report that but that's OK okay now he agrees finally agrees. But I say who's gonna pay for the law and they will scream out. Mexico. That. Reports went out last week on Mexico's not gonna pay for the war because of a reimbursement. What's the difference I won against the wall started I don't wanna wait a year and a half until I make my deal with Mexican. So that we probably will have a deal sooner than that and by the way Mexico has been so nice. So guys I respect the Government of Mexico. I respect the people of Max I love the people of Mexico and many people from Mexico working for me they're phenomenal people. The Government of Mexico is terrific. I don't blame them for what's happened I don't blame them for taken advantage of the United States I wish our. Politicians were so Smart. Mexico has taken advantage of the United States I don't blame. The representatives in various presidents etc. of Mexico. What I say is. We shouldn't have allowed that to happen not gonna happen anymore so in order to get the wall started. Mexico will pay for the wall but it'll be reimbursed. Okay supreme court judge so. As you know I have a list of wanting. I've gone through them we met with numerous candidates. Are outstanding in every case. They were largely the recommended it highly recommended by Federalist. Society. Jim dement was also very much involved and his group which is fantastic and he's a fantastic guy. So between. Leo and Jim dement and some senators and some congress people we have a great group of people. I'll be making that decision on who. We will put up for. Justice of the United States Supreme Court a replacement. For the great great Justice Scalia. That will be probably within two weeks of the twenty so within about two weeks probably the second week. I consider the first day because we'll also be doing some. Some pretty good. Signings. And I think what we'll do is we'll wait till Monday that will be our really first business day as opposed to doing it on Friday. Because on Friday people are gonna have a very good time at the inauguration. And then Saturday as you know having a big church service and lots of good things are happening so. Our first day and you'll be invited to the signings but will be doing some pretty good signings on Monday and Tuesday and Wednesday and Thursday and Friday. And then also the next week. In year old invited but on the Supreme Court I'll be making that decision. And it'll be a decision whichever strongly believe and I think it's one of the reasons I got elected I think the people of this country did not want to see what was happening with the Supreme Court. So I think it was a very very big decision as to why I was elected. Morning well you living. You driving there forty trying to tell the I think it. What is it disgraceful. Disgraceful that the intelligence agencies. Allowed any information that turned out to be self faults and take. Out. I think it's a disgrace. And I say that and I say that. And that's something that Nazi Germany would have done and did you I think it's a disgrace. That information. That was faults and shape and never happened got released to the public as far as buzz speed which is a trailing. Pilot garbage. Writing it I think they're gonna suffer the consequences they already are and as far as CNN. Going out of their way to build it up. And by the way we just felt that I was coming down Michael Connor I was being can Michael Cohen is a very talented lawyers or government for him. We just reported that it wasn't this Michael Honda were talking about so all night long it's Michael come. I said I wanna see your passport. He brings his passport to my office. I say hey wait a minute he didn't leave the country he wasn't out of the country they had Michael corona the Trump Organization was improper. It turned out to be a different Michael count it's a disgrace what took place it's a disgrace and I think they ought to apologize to start. With Michael comes from. Guys are now. Go ahead I'm glad you arts and Dark Knight and nation not you give us you know organizational. I think our news organs yeah. Yeah I can't ask questions are guys are. Quiet they quietness present like I usually I get a question they'll doesn't like can you give us the crowd here and I'm thinking yes can you give us a question don't be ridiculous to question. I knew not gonna give you can lose and you stakeout or you are fake news circa and you state categorically that nobody. You know Mr. President elect their son Henrik. Obama wins with sanctions but Russia after the hanging keeping it yeah. You know what you think it means to us today. Effort from. Please and we'll talk. I. Had heard and Seagram's. Lindsay dressed. I've been competing with him for a long time. He's gonna crack that 1% barrier one day. I didn't realize Lindsey Graham still. I think losing brings a nice guy actually I've heard that he's a nice guy and I I've been hearing. You can win it. We understand it's and community. Has yet compiled from BC news. You know I don't from BBC news these diseases and I think the you. As far as we understand the intelligence community are still looking at these allegations bosnians. As you describe. If they come back with any kind of conclusion that any of it. Stands up anything it's these truth we've concert field position would you think is giving away. I guess that's got. Yeah it's. I was taking. Yeah it was an election when reporters you recommend. Here well it. Government reforms I recommend. People that are. That have a moral compass. You know I've been hearing more and more about a thing called shake news in the talking about people to go and they all look at things. But I will tell you some of the media outlets an idea with a fake news more so than anybody. I can name them but it won't bother but you have few sitting right in front of us. So they're very very dishonest people. I think which is something we're gonna have to live with I guess the advantage I have is that I can speak back. When it happened to somebody that doesn't have this doesn't have that kind of a megaphone. They can't speak back it's a very sad thing I've seen people destroyed. I've seen people absolutely. Destroyed. And I think it's very unfair so all I can ask for his honest. Reporters he has. Very they're not music do you trust. The US. Officials what do you say to your health experts say you're actually weakening national security I'm thinking this war reporter. Against that community. Intelligence agencies are vital and very very important. We are going to be putting and as you know mr. Pompeo. And others you know the center and cuts we're going to be putting in some outstanding people within ninety days they're going to be coming back to me. With a major report on hacking. I want them to cover this situation. I also want them however to cover may be most importantly because we have by everybody. In the United States. Our government. Had a list of seventeen. In terms of industries. Is the worst number seventeen. In terms of protection. If you look at the retail industry if you look at the banking industry various industries. At a seventeen industries they put this in the category of an industry. The United States is last. In terms of protecting let's say hacking defense like we had a great packing these fronts at the Republican National Committee that's why we were attacked by the way. We were told they were trying to hack us but they weren't able to act and I think I get some credit as I told rights and rights in a phenomenal job. But I said I want strong hacking defense. The Democratic National Committee didn't do that maybe that's why the country runs so badly that way but I will tell you wait wait wait let me finish. Within ninety days. We will be coming up with a major report. On hacking defense how do we stop this new phenomenon surely new phenomena. Because the United States is hacked by everybody. That include. Russia and China and everybody. Everybody okay. I. Now believe that Russia and he was responsible for the hacking and Ian Ian I'm and its emails that are. But you know what could have been other results. And we undermining US intelligence community. Or simply getting the facts and then making a public sled. It's pretty sad when intelligence report it leaked out to the press I think it's pretty ship first of all it's illegal. You know these are these art classified. And certified meetings and reports as to what does happen. I have many meetings with intelligence. And everytime I mean people are reading about it. So what he's like you know so there's that maybe it's my office maybe in my office have a lot of people like make people maybe it's them. And what I did as I sit and won't tell anybody have a meeting. And I want to anybody about my meeting with intelligence. And what happened is I had my meeting nobody knew not even Rona. My executive assistant for years she didn't I didn't tell nobody knew. The meeting was had the meeting was over they left. And immediately. The word get out and had a meeting so. I don't want I don't want to very unfair to the country very unfair to our country what's happened that report. It should've never efforts what should have been print it does not worth the paper it's written on and I think the New York Times as saying that I think. A lot of different people for saying that but I will tell you that should never ever happened okay. You Mr. President elect can you get here today once and for all and say that no one connected to you or your campaign had any contact with Russia leading up to. Or during the presidential campaign and if you indeed do believe that Russia was behind the hacking. What is your message to Vladimir Putin's right now. He shouldn't be doing it he won't be doing it Russia will have much greater respect. For our country. When I'm leading it then when other people have let it. You'll see that Russia will respect our country more. He shouldn't of done it. I don't believe he'll be doing it more now. We have to work something and it's not just Russian. Take a look at what's happened you don't reported this and way too when he do me in accounts were hacked. In this country might giant. And that's because we have notation. That's because will run by people that don't know what they're doing. Russia will have far greater respect. For our country when I'm leading it. And I believe and I hope. Maybe it won't happen it's possible. But I won't be given a little reset button like Hillary he oppressed this piece of plastic guy I looked at her like what she's doing. Is always at what are they gonna get along or what not I hope we get alone but if we don't that's possible to. But Russia and other countries and other countries including China. Which is taken total advantage of us economically totally advantage of us in the South China Sea by building a massive fortress. Total. Russian China. Japan. Mexico. Oil countries. Will respect this far more far more. Then they do under past administration. Everybody so this is all just say you understand. These papers say because I've matured that was explained properly but these neighbors are all. Just a piece of the many many companies. That are being put into trust. To be run by. My two sons and I hope at the end of eight years I'll come back and I'll say oh you did a good job otherwise if they do a bad job all say you're fired. The guy who thrive on New York president elect Donald Trump. He began his remarks by suggesting intelligence agencies leaked the unsubstantiated. Dossier and called it a terrible block. The president elect called it crap. He said it's all fake news that's phony stuff prompt appear to take head on though the most salacious claim of the dossier that involves prostitutes he says simply. I'm a German folk. As for election related hacking the president elect and I think it was Russia but I think we get attacked by other countries other people. He also said the Democratic National Committee was totally open to hacking. And what he called it did a very port job it's cyber security. Asked by ABC's Jonathan Karl whether he accepts the conclusion that Vladimir Putin directed attacks in order to help him win. Trump responded if Putin like Donald Trump I consider that an asset on a liability. He insisted to ABC Cecilia Vega Russia will respect our country more once he is president I'm Aaron could risky and you're listening to live coverage from ABC news. Straight back live at trump tower now and ABC's bread milk Brad. Donald Trump is leading right now in that gold an elevator and a remarkable sort of back and forth with the media praising with flattery anyone who described. That the allegations about Russia and about his team. As un credited and started this. Press conference by by praising members of the media who treated. Those reports were of as unverified. Then got into it very quickly at one point with the united reporter who was trying to get a question trying to get clarification. Said EEU organizations terrible that you wore fake news and that could be sort of sign of things to come perhaps of what a presidential press conference Donald Trump might look like. ABC spreads Nokia minded trump tower let's turn to ABC news' deputy political director Sean Walsh if indeed this is. A preview what is. There's going to look like going forward what we learn and look like Q will continue having an antagonistic relationship with the press. Begin to press conference praising a lot of reporters who had this information per month and not. Going with it because it was unsubstantiated but as you can either. The news organizations to eight report on some of the information really blacking them. You know I think that these new allegations that these new reports really took up two got dominate a lot of press conference. A law that war was on his is his tee only how he was going to. And really prevent conflicts that in Tressel what was interesting to meet Aaron is that started out section saying over and over again. That he could do he could run but isn't that I could run my business and the government at the same time adding that he would you want good job. But he said he doesn't like the way that looks and so he says his son's gone and Eric would run the company. A lawyer then came up a tax attorney. Who insisted the trump would be completely isolated from the management of the company does not suffice. I think it's not gonna have to fight ethics expert and many members of the public who wanted him to do some of the measures that actually the lawyer truck head on. Including completely divest himself telling the company. I am really. And making sure that he's more separated from the Trump Organization and he dep are. ABC news deputy political director should shuttle all the attorney said trump would put his assets into a trust the company will do no new foreign deals with can still pursued domestic deals. She insisted as president trump will only hear about any of those deals on the news. But selling the business the lawyers say it is not feasible. The president elect also did make a personnel announcement he would nominate David schalken to head the Department of Veterans Affairs he's currently an under secretary. And he touted recent announcements from car companies instead if he hadn't won those companies would be doing things elsewhere. He pledged to be the greatest jobs producers that god ever created. And Aaron pitcher Steve you've been listening to live coverage from ABC news.