[Donald Trump] is talking a lot about redoing trade and that's the area that is getting globalists nervous. Number one, they want certainty. They do not want to see a disruption in trade. He's promising to rip up NAFTA, redo NAFTA. He's not going to do the Trans-Pacific Partnership, the TPP trade with Asia.

Too many people say to their brokers, I can't deal with this. Take my money. Do what you want. That's the worst attitude you can have.

The traditional thinking has been that the stock market likes certainty.

If you or me go to the gas station to fill up our car and it costs us much more than we expected, it will zap our discretionary income. We won't have the extra money to buy that washing machine or new winter coat-all big ticket items that are important to economic growth.

Selling cookies helped me to realize that you needed to have a certain way to communicate with people. You also needed business skills. You knew you needed to sell a certain amount of boxes, so that gave me some business sense.

What [Donald] has put up for question is this idea of tariffs. Initially, he said if China won't stop taking advantage of us and manipulating their currency, then I will put tariffs in place. That spooked everybody because if you charge China a fee and an extra tariff for anything they bring into the United States, what's going to happen is that companies carrying those goods are going to raise prices. It's going to be expensive for people. People got scared of that, but then he walked that [idea] back. I don't think anybody is expecting heavy tariffs on anything.

First reporter to broadcast live from the floor of the New York Stock Exchange.