Well talk about that coming up. Speaking of taxes, coca cola ceo tells cnbc what he would do with a Corporate Tax cut well have all of those details coming up. Then theres best buy, its sitting out the rally today. Down pretty sharply. In fact, its off the lows right now. Less than 4 decline is the iphone to blame, iphone x to blame we have a debate on best buy coming up here. We begin, though, with the breaking news. Stocks hitting session highs as the house passes the tax bill. Ylan mui, our intrepid reporter on capitol hill has the latest for us right now ylan reporter bill, that final tally is 227205, that is a comfortable margin of victory for republicans. They said they were going to get this done by thanksgiving. No one really believed them. They were able to pull it off. Republican leadership held a press conference to celebrate. From the very start, we said that failure is not an option and the president and his team have worked so constructively every step of the way with us.
Now. And welcome to power lunch. Im milissa lee. Holding steady this hour, dow managed to hit another record high right at the open before pulling back here. Apple one of the biggest drags in the session this after the company acknowledged cellular connectivity problem with its new watch annadarko, a massive buy back and fifth straight day of gains and near session highs on pace for a fifth positive day in six we begin here with a developing story. President trump announcing new sanctions on north korea eamon javers has the latest. Hi milissa. Alongside south koreas president moon at an event in new york city. The president saying, first, the United States had put new sanctions on north korea and also that the chinese president had told chinese central bank, told banks in china not to do business with north korean entities indicating the chinese are getting serious about exactly what he wants them to do in terms of north korean trade what the president had to say thanking chinese presi
A briefing set to begin any moment now about these new sanctions. Well bring you those comments live as soon as they begin. We may have to interrupt this next segment in the meantime. New developments on another big story out of washington today, the s. E. C. Hack you heard about this eamon javers has more. Reporter bill, thats right. This is a little bit alarming. The s. E. C. s edgar system is the Database Companies use to file Public Disclosure documents with the s. E. C. , get access to just about every piece of important Financial Information from Major Companies before theyre released publicly. Hackers apparently were able to get into that. Heres what the s. E. C. Said last night about this hack. They said that the incident happened back in 2016. It was originally detected that year but it wasnt until august last month in 2017 that the s. E. C. Learned this attack may have provided the basis for what they call illicit gain through trading, in other words, cyber Insider Trading. T
Weaker looking at europe this morning, the early trading taking place, at least at this hour things are flat there the dax is slightly higher, the cac and ftse are slightly lower. Spain up by a tenth of a percentage point crude oil prices were up yesterday to a twoweek high, up at 51. 87 this morning those gains continue with wti for november delivery up by 21 cents to 52. 08. Wow dow component United Health is reporting. Stock has been on a tear for years, right in fact, the stock getting close to a new high, 1 186 billion market cap, almost 1 187 billion market cap reporting 266 a share. Thats tencents above expectation. For the year, they see 2017 adjusted net at 10. Medical loss rates, they call it Something Different now. They call it medical care ratio, 81. 4 thats like the inverse of profit margin. Revenue, 50. 32 billion you cant necessarily compare apples to apples, i like the earnings per share or the earnings increase. 26 . 26 earnings increase. That is what do you do with t
A driver in peru walks away from a driver in peru walks away from frightening flooding. Captioning funded by cbs good morning from the cbs news headquarters in new york. Glad to be with you, im annemarie green. Well, today, the United States is implementing a temporary order preventing Airline Passengers on certain flights from carrying on larger Electronic Devices. Nonstop flights originate in the middle east. Reuters reports the reason for the ban is an unspecified threat. The ban impacts nine foreign airlines. No american carriers are affected. All electronics bigger than a cell phone including laptops, tablets and cameras must be checked. Medical devices are excluded. The ban applies to eight countries and unnamed Officials Say the ban has been considered for several weeks. And the white house is pushing back after the director of the fbi delivered a double blow undercutting the president. Testifying before the House Intelligence Committee fbi director james comey is investigating