And welcome to power lunch. Im melissa lee. Nasdaq barely holding on up about 2 wi8 points joining the dow and s p 500 which are negative etf that tracks, hitting yet another intraday alltime high and ivb is rally within health care it is on pace for best week of the year esperion, novocure, biggest leaders right now. Thank you we will find out right now which car company has the highest quality of anybody fi phil la boes with that news. Phil the latest survey on initial auto quality, surveying about 80,000 new vehicle buyers. This is what they found. Good news, reliability, quality, people surveyed after owning the vehicle for three months, never higher in all the years theyve been doing this survey 27 of 32 brands improved quality ratings. Top one, kia, for second straight year, ranks as best followed by genesis, which is luxury brand by hundred day and porsche were the top three bad news, people not happy with the Driver Assist sec knotechno are seeing Adaptive Cruise control, lane
Exciting new technology that you pioneered that will help improve so many millions of lives. I thank my office of science and technology and this has been a great office. They have done such incredible work for organizing todays event and bringing these wonderful Business Leaders and they are at the top, together, to talk about the importance of emerging technologies. I thank secretary ross for joining us together. And we just got back from iowa last night, big speech in iowa that was an Amazing Group of people. Those people were excited as most people saw it. They were excited. Wilbur has done a fantastic job. And i thank you very much. Wilbur, as jeff, wilbur is just known on wall street and dont call him wilbur ross and say wilburs involved. Mr. Vice president , thank you very much for being here. We have had some busy schedules and we have a thing called health care that you may here is on the outside as we discuss. And i think its going to come out that obamacare is dead. Totally
Exchange on cnbc. Im wilfred frost. Im sara eisen live in Orlando Florida at the icr investment conference, one of the premiere conferences where Consumer Companies gather to talk about the state of the industry. Boy, has the outlook changed after the election. Couldnt be more timely to talk to some of these ceos in restaurants and retail about what theyre seeing in consumer behavior. We saw a spike in Consumer Confidence after november 9th what do they expect when it comes to Corporate Tax reform . A lot of companies today are domestic. They pay high effective tax rates and are looking forward to lower rates. On the flip side, starting to see Wage Inflation paying workers more in fast food industries. Does that mean you can pay more for your food . A lot of issues on the table. Well talk to ceos across a wide swath of industries. In this hour, the ceo of elf cosmetics, one of the hottest ipos in 2016, in what was a lackluster year for ipo activity. They sell makeup for under 20. Theyv
Alassad overnight. 59 tomhawk Cruise Missiles were fired last night at Syrian Air Base where it is believed that assad launched a chemical weapons attack against civilians earlier in the week. Assad choked out the lives of helpless men, women and children. No child of god should ever suffer such horror. Tonight i ordered military strike on the airfield in syria from where the chemical attack was launched. Maria russia respding tthe act saying it does significant damage to the u. S. Russia relationship. That countrys president saying the u. S. Serves as an example to the entire free world. Here at home the president s actions being praised by lawmakers including democrats but senator rand paul said that the president should have received congressional authorization first. Announcement of air strikes affecting Global Markets mine wheel. We are well off of the lows as soon as the strikes were announced last night. The market down 150 points. A big reversal overnight. Dow industrial showin
We will hear from one asset manage who are says now is the time to buy into this beaten down industry. Where is the Broader Market heading as we wind down here. Were winding down the year . Its only october. Christmas is around the corner. Morgan stanleys adam parker and David Rosenberg will weigh in with their view of what happens as we make our way through the Fourth Quarter. Uber seek to go raise another billion dollars and you wont believe how much that could put the company in terms of valuation. Details coming up. Lets get to our Closing Bell Exchange with the dow down 30 points and we have had some Economic Data out this morning, a lot of cross winds in the earnings arena as well. Anthony chan from chase is with us here at post 9, so is Kenny Polcari and our own Rick Santelli joins us. Here we are again not a lot going on for the major averages. There are certain individual stock stories certainly but overall the market just me and rings here. Its meandering today but it wasnt l