"We bought quite a bit of stock and we've got quite a bit more to buy," Trian Fund's Peltz said.
The New York Fed president also said financial conditions have tightened modestly since the Nov. 8 election.
Trump will not shy away from taking a leadership role on economic relations with our Pacific neighbors, Bob Kimmitt says.
"People are confused. There's a difference between a global company and a company that's outsourcing," Peltz said.
Carl Quintanilla is an Emmy-winning reporter and co-anchor of CNBC's "Squawk on the Street," broadcast live from the NYSE.
Simon Hobbs co-anchors the 10 a.m. hour of CNBC's "Squawk on the Street" live from the New York Stock Exchange.
Jim Cramer is host of CNBC's "Mad Money" and co-anchor of the 9 a.m. ET hour of CNBC's "Squawk on the Street."
“Squawk on the Street” Co-Anchor
Rick Santelli joined CNBC Business News as an on-air editor in 1999, reporting live from the floor of the Chicago Board of Trade.