bac, bank of america and amd from jon najarian. thank you. a lot of stuff happening under the dow jones industrial market and "power lunch" begins a little early right now. i'll take those six seconds. thank you. i'm michelle caruso-cabrera. what's on the menu, president trump slapping new sanctions on north korea. and hack attack. breached and the information may have been used for illegal stock trades how vulnerable is our financial system and regulators that oversee it you'll be shocked. and a deal on a plate. biggest exit in "shark tank" history. plated bought by albertson's company the co-founder and kevin o'leary join us. a protein-packed edition of "power lunch" serving up right

now. and welcome to "power lunch. i'm 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 korea's 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 president xi. >> again, i want to just say and thank president xi of china for the very bold move he made today. that was a, somewhat unexpected move, and we appreciate it >> the president offered details of what the united states new sanctions were remember, these are different from the u.n. sanctions which were put in place back on september 11th today the president saying the united states is going to take some additional action >> a new order will give the treasury department the discretion to sanction any foreign bank that knowingly conducts or facilitates

significant transactions tied to trade with north korea >> the united states had been a little frustrated at the u.n. not getting exactly what it wanted in that round of u.n. sanctions. but clearly willing to step it up unilaterally and also willing now to work with the chinese government in terms of the banking relationships between north korean entities and chinese banks. the big question now, how serious are the chinese about this is this a message delivered from china's central bank with a wink and nod to chinese banks or actually the start of a new partnership in terms of global finance between the united states and china and cracking down on north korean finance milissa? >> eamon, thank you. and eamon, the first question i'll ask our next guest, professor of korean studies. sir, thanks for joining us. >> thank you. >> you could hear eamon, i assume what do you think? the cooperation announced by

president trump not to facilitate north korean transactions a start of something new or a wink and nod making it look like they're doing something? >> it's too soon to tell history suggests, however, we'll have to just wait and see, because we have seen this kind of compliance from the chinese government, and china's biggest banks in the past. for example, when north korea conducted its third nuclear test on february 12, 2013, right in the middle of china's most important national holiday, the lunar new year celebrations which was the first in the xi jinping era, certainly the message intended for china xi jinping incensed, in the proliferation activities, china's biggest banks, four of them, entry agriculture bank, construction bank and bank china

voluntarily cut off all relations with that designated north korean bank because big banks are conservative and risk averse however, after the first few moss those financial institutions went back to supporting north korea, doing business with north korea. so it's too soon to tell. >> foreign banks -- any foreign banks that facilitate any kind of trade with north korea can be sanctioned by the u.s. government is that going to stop russian and african and malaysian banks, we know have been involved in this according to the u.n. panel of experts >> it depends on the magnitude of fines levied in the future against chinese banks and russian banks and big banks, that willfully violate u.s. sanctions authorities. i'm talking about the kind of fine that the treasury department inflicted on the biggest bank in france, enp

paraba for willfully violating unsanctions against iran, sedcua and we have yet to see those fines on chinese. >> could this backfire do you think north korea responds with another missile launch in anger? >> oh, absolutely. but north korea conducts these things, weapons tests, provocations, on their own time schedule we tend to think north korea is so poor and backward it merely reacts to what we say the big powers say or do that's simply not true north korea provokes on a major holiday, both theirs as well as america's and chinese. they have a compelling need to conduct more missile tests and nuclear tests and, you know, the fiery rhetoric, even by president trump this week at the u.n., all of that will be just an excuse for north korea to say

we're doing this for self-defense, and that fake message will probably resonate all around the world as nation states feel that it's really the united states that is the party being motivated by aggressive behavior rather than north korea. so they'll do it, yeah north korea will provoke once again. >> playing politics internationally. got it thank you, at the pletcher school probably more details seeing secretary mnuchin around 3:00. following another story involving the s.e.c. getting hacked and eamon javers doing double duty. >> right big difference about what this hack and didn't say. first start with what the s.e.c. put out in a press release went out about 8:00 p.m. last night saying the incident was detected in 2016 but not until august of 2017 the s.e.c. learned it may have provided the basis for

illicit gain through trading the idea, cyber enhanced insider trading a possibility. the vulnerability at the core was in the software in a test filing component of the edgar system that system is where companies file all their documents with the s.e.c. can upload themselves, the documents in the system for a while before their released publicly if you could get access to them, that's where the insider trading component could take place if you knew that it was coming out, for example, potentially trade in advance what the s.e.c here's what they didn't say and these questions are pretty wide open s.e.c. did not say when exactly this happened or what insider information was actually accessed was it 10ks or something else? also didn't say what evidence there is of actual illegal insider trader that may have taken place in all of this and not saying what they know about who did it they say they've launched investigations, patched the hole in this case, but not who

actually did to it or what they know, best guesses and finally no idea how much money the hackers made in doing all this once you get into that s.e.c. system, presumably a license to print money effectively for a cyber criminal this is fairly close to the perfect crime, because so many levels of complexity here. right? ultimately, a cyber security story. those are very hard to pin down and do attribution beyond that, insider trading story potential toly very hard to pin down and do attribution. on top of that,ing a geopolitical story, that a lot of these hacks have been taking place from entities around the world. all of that makes it very, very complicated for prosecutors to get in there and figure what's going on and actually charge somebody >> hackers out there eamon javers, d.c. and bring in scott kimpal for more the number one question i have, is any data at the s.e.c., particularly in the edgar databases encrypted at all

>> there are various security systems put in place but you're dealing with a system that really was built in the 1980s. it's been updated through patches over the last three decades. certainly a sophisticated threat actor, be it a nation state or organized crime or some other person with other inclinations could easily find ways into the system that seem tos what happened here. >> you're an attorney advising companies in your present day life what would you tell a company? are they safe filing aks or sensitive filesy were the s.e.c. at this point via edgar? is there a risk say that data could be breached? >> there is always that risk and the problem is, no special relief given to companies against filing in this kind of situation. they have to continue to make the filings on time. i think one of the things that we'll begin suggesting to companies is to make the filings at the last possible second. in other words, the test filing system that is done, those test

filings are often made hours if not days before certain filings are due and really just the way to ping the system and make sure the filing will be accepted by the government if you would do a test filing at night, for example, before you file the next morning, that data sits on the s.e.c. server for 12, 14 hours giving a cyber criminal, the ones identified here, plenty of time to play with whatever information they're able to obtain i think the advice now is don't do the test filings until the last possible second and just minutes before you're going to make the actual -- >> scott, say a hacker gets in, gets material, non-public information and trades on the information illegally as insider trading. who's liable >> correct certainly it's not the companies here it's going to be the -- the criminals themselves. >> yeah, but does the government bear any responsibility for negligence for creating a system that is fairly apparently easily hackable >> ah -- you know, this is the

challenge businesses across america face that they're constantly dealing with these threats constantly making investments in data security systems. the government has to do the same thing the challenge is, the budgetary dollars. when i was at the s.e.c. one of the talking points on cyber security was that the i.t. budget for goldman sachs was larger than the entire s.e.c. as the agency altogether. finite numbers of dollars available here and subject to the appropriations process limiting their ability to spend beyond one-year time horizons most of the sort of security systems that you need have to be developed over time, with vendors or other third parties who hope to develop these things hard to do under a year-by-year basis. ironically one of the things dodd/frank did, create a reserve fund for the s.e.c had budget dollars to spend across years and, of course, that reserve fund has come under criticism as

potentially being used as a slush fund for the agency. not a lot of support for that idea, but the financial choice act which has been bouncing around congress the last few months, includes a provision repealing the reserve fund provision. a provision hopefully intended to address these situations to at least give the s.e.c. the ability to spend the kind of money they need to across one-year cycles to develop security systems and we'll see where that bill goes. >> right we'll watch. scott, thank you after the break, puerto rico picking up the pieces, but a lot of work to do. some are saying the entire island could be without power for a month. we are live in san juan with the latest. first it is not just our stock market that's going well plenty of rallies are happening both outside the market and inside it, if you know where to look we'll show you some of those spots coming up.

...it starts a chain reaction... ...that's heard throughout the connected business world. at&t network security helps protect business, from the largest financial markets to the smallest transactions, by sensing cyber-attacks in near real time and automatically deploying countermeasures. keeping the world of business connected and protected. that's the power of and. for tech advice. dell small business advisor with one phone call, i get products that suit my needs and i get back to business. ♪

hey you've gotta see this. cno.n. alright, see you down there. mmm, fine. okay, what do we got? okay, watch this. do the thing we talked about. what do we say? it's going to be great. watch. remember what we were just saying? go irish! see that? yes! i'm gonna just go back to doing what i was doing. find your awesome with the xfinity x1 voice remote. all right. welcome back if you think this stock market is boring because it barely moves every day you may not be looking in the right places. bob pisani, nyse looking at rallies many people may have missed bob? >> and i get complaints about the low volatility, this low market volatility. i know making investors a bit crazy. look below the hood, showing

healthy rotation and no signs of breaking down at all the past month, look here. big rallies. we've talked about it in energy stocks and material stocks biotech and semiconductors reasserted market leadership and banks. a huge underperformer throughout the year even the banks, look outperforming with s&p only up 3% all of this is happening with the s&p, moving four, five points from high to low on intraday basis the last few weeks. it makes people crazy but wrongly makes it look like the market isn't doing anything. look how narrow the range has been in the last two weeks with the s&p. a real dynamism in the market just below the surface that isn't captured just watching the s&p 500. two problems i see first, investors used to investing in etfs need to get their eyes off the s&p 500 and focus on market nuances to see the changes we see investors need to understand no

law says the market needs heavy volume or high volatility to advance. none whatsoever. i have an old friend if all you're doing is looking at s&p and volume you're not going to understand what's going on in the market more on this dynamic market in my trader talk column. and just need a little more aggressive with people and explain to them when the market rotates like this how important that rotation is back to you. >> all right bob, thank you bob pisani. as bob mentioned the, the semistocks rallied big semiconductor etf, sosx, up 20% year to date one name in the etf in the red joining us with more on the rally, whether it will continue, chris, great to see you. >> hi. thank you so much. >> a neutral on the group. how long have you been at neutral and does that imply the group is simply overvalued here? >> it doesn't imply too much overevaluation but seeing a couple head winds.

one, earnings growth of 20% a year at this point we think it's unsustainable. we think that comes down to something more like 15% a year the other part, a tremendous amount of consolidation in the industry last year we saw 20% of all u.s. publicly traded accesemis taken. that's slow. and we're below 10%. another head wind we think puts this into neutral. something more in line with the market >> is there a risk, chris, that more companies, like let's say tesla, may look to become more vertically integrated? we saw it happen with apple. makes its own for the latest phone. cnbc report ed amd is working with tesla others say it's not true regardless, is that risk there >> that risk is salve luteally there. we see it all over the place not only apple now seeing it with amazon.

seeing it with google. with their tpu2 and other products they're creating themselves samsung does a lot of their own products wallway, another big company doing it themselves. that is indeed a head wind and risk for semis. >> what about the recent decision by the committee on foreign investment by the u.s. government saying lattice semiconductor could not be taken over by canyon bridge because backed by chinese money? the chinese would like to be aggressive but the u.s. government clearly sees the semiconductor sector as sensitive. do you have to take out some, a lot of takeover premium doesn't look like a lot of foreign in this space? >> yes definitely a sign semiconductor land, there are few acquisitions that are going to pass through the process. as a result, it does two things. number one, takes bidders out of

the market number two, takes that highest bid, that chinese bid in the case of lattice, $8.30, off of the table. and that second bidder is probably in this case something closer to 7, let's say so not only does it decrease the probability that something gets bought here, but it lowers that overall premium at well. >> chris, thanks for your time from susquehannsusquehanna. and hurricane maria. trying to pick up the pieces live in san juan, we have the latest >> reporter: hey there in a neighborhood called via palmeras three cars under water, people trying to make they're way across the street. people wading through water all afternoon and people stuck in homes here the only way to get out is to wade through knee-high-deep

water. i spoke with a lot people in this neighborhood. one woman who's lived here 50 years, and she tells me they've never, ever seen flooding like this before. the family on their porch over here, we spoke with them it's a family of four. they told us they bought provisions to last them for two weeks. but now they're being told they won't have power for two months. and so we've spoken with other people that were leaving on foot to try and find just a simple loaf of bread. i don't know if we can turn up there. the roof was ripped off of this house, completely off the first story. every single house almost on this neighborhood has something wrong with it. has a tree down. has a roof off a whole lot of damage here and this is one neighborhood this is playing out all over puerto rico. >> how are you holding out

generators gasoli gasoline. >> reporter: we had power earlier because we had a generator. yeah they're saying power is out 100% across the island and not going to be restored for two, three, four months. you know that's because of the shaky infrastructure they have in that the power grid was completely knocked out >> got it. thank you, tammy. we just heard her. 100% of puerto rico remains without power and could be months before it's fully rest e restored to the island why is it so bad and why will it take so long to mend a few data points explain everything puerto rico's power grid is extremely antiquated median age of the plant, 44 years. on the united states mainland, median age is 18 years if it's so old, much of it still runs on oil. 47% of power generation is fueled by petroleum compared to less than 1% overall for the united states.

according to the eia, because it's an island, all that fuel needs to be imported if ports aren't working, they can't get it importing fuel explains why puerto ricans pay an average of 21 cents per kilowatt, the average for the united states averages only 11 cents per kilowatt tough situation. coming up, kansas city tax pement why it's being used as a blueprint on what not to do on a national level that story is next we enable you to reach global markets and drive forward with broader possibilities. cme group: how the world advances.

four years ago kansas governor pushed through mayor ta tax cuts that are with designed to help the committee. the seeming failure of that plan is being used as critics as a blueprint for why the president's proposal may not work on a national level kate >> thhey there. critics are warning the trump administration shoultd take note of what happened here in the state of kansas. they wound up with a budget deficit in the billions. it impacted their school system, pensions that's partly because small businesses structured as pass throughs there was a loophole where they paid no taxes at all as a small business owner she was able to reinvest the money into her start up. >> the realization is several

thousands of dollars which goes back into the business in forms of hiring other small businesses to help with our website, do seo, hire another employee and most recently we made a durable equipment purchase >> reporter: this state legislature reversed the tax cuts back in june and made pass through businesses responsible for retro active taxes for the entire year of 2017. state democratic party chair john gibson said the experiment did not work as planned. it benefitted the wealthy more than it did small businesses >> my experience in kansas has shown me that what is proposed as a small business tax break is actually not about small business it's about effect ily eliminating taxes on a handful of extraordinarily wealthy individuals to the detriment of

the rest of us. >> reporter: more broadly, the burden of paying taxes raeng ranks for top three businesses around the country i know a lot of small companies that i talked to say they are interested in having party like with the trump administration proposing between themselves and larger corporations maybe at that 15% rate. the critics of the experiment here in krstansas are saying the trump administration should pay attention to the downfalls back to you. grocery chain albertson's buying meal delivery service that's good news for sharp tank's co-host who was an investor he joins us along with the co-founde co-founders. that story is next sfx: t-mobile mnemonic sfx: netflix mnemonic sfx: t-mobile mnemonic sfx: netflix mnemonic sfx: t-mobile mnemonic sfx: netflix mnemonic t-mobile's unlimited now includes netflix on us. that's right, netflix on us.

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hello. here is your cnbc update rescuers in mexico city are working at the site of a collapsed school they say they are found three children alived buried under the

rubble the workers were able to give the kids water, chocolates and even cell phones while they try to free them they are trapped in what is being called the triangle of life residents on one of spain's canary islands are dealing with massive wildfire which has grown to nearly eight square miles hundreds have been forced to evacuate as firefighters battle that blaze this week's bankruptcy filing isn't stopping toys r us for hiring from the holidays they will add part-time workers as it prepares for a part of the year responsible for a large chunk of its annual sales. binge drinking in college may not only lead to a walk of shame but unemployment staud di of 800 students found those who drank 10 time a month had a 10% reduced chance of lantsdsing jobs. back to you. >> you said walk of shame. can you explain? >> i wouldn't know either.

>> thank you >> shame what does that mean? meal delivery company plaited announced it was beat by albertsons get this shark tank co-host kevin o'leary was an investor early. what does this mean for grocery and maybe blue apron kevin, you're smiling because we need to make up a graphic that shows you in like a scrooge mcduck outfit jumping into a pool with gold coins what percent did you make? >> 1346 but who is counting. >> how long? >> a few years excellent in execution that will skills and marketing logistics

that you need for this sector. came on shark tank it was a really interesting deal flow their initial offer didn't close. then we followed them up again on beyond the tank and found out what happened a year later then i invested with them. then i got really involved in this sector. a talk to a lot of managements of the competitors and came to the conclusion this was going to be definitely a big part of how people buy their groceries these guys are now going to have access to 35 million customers you're right it's the largest exit ever they can't tell you what it was but i'm an investor and i will $300 million this is huge and it gives you an idea of how the american dream can play out on shark tank i love these guys. >> nick and josh, you're living out that american dream. it's great congratulations. >> this is the american dream. >> what happens next with

plated >> this is truly the american dream. my dad's an immigrant from turkey and my mom's family still run a farm in south dakota we wouldn't be here without supporters like kevin and our early investors. to all the haters out there, like, we did it. >> why did can you sell to albe albertson's? how does that help made plated grow or not? >> first off thanks to kevin. we wanted to do full circle with the new u dapdated plated logo that are one of the largest grocer they with one of the few national grocers it's the best way to let our customers buy from us where and when they want to. you're looking at this with amazon and whole foods

>> be honest are you guys just breathing a sigh of relief at this point you're probably watching what's going on with blue apron it's trading at 5 bucks a share. aren't you glad you don't have to go that route and you're out of it now? >> we're playing for billions here we're going to kill blue apron we're going to take on amazon fresh. this partnership enables us to become a 10 billion dollar brand in a matter of years >> what should be happening to shares of blue apron today they seem confused when this was announ announced. should they be higher or lower >> they should be lower. the model has been defined by a massive move when amazon bought whole foods because now you're services your community in two ways you can use the actual stores of which there are 2400 at albertson. what matters the most because all of these companies including blue apron suffer the costs of customer acquisition

i'm not shareholder there but they are going to get killed if they don't link up with somebody that's got brick and mortar grocery stores in communities all across america they're cost will eventually put them out of business it's a personal opinion. i thought what blue apron would do is take their valuable currency because they make no money and acquire all the competitors. that's not what's happening. the grocers are acquiring the logistics and skill sets >> a little fun. you are the american dream i don't know how much you're going to get paid each i'm sure it's a lot. congrats what's the first thing -- this is what we all dream about what is the first thing you'll do with your money in. >> i don't think either of us are doing anything other than donating to charity and really just getting back to work on the business >> not buying mom a house, maybe. >> planning your retirement.

paying down student debt >> we met solid. >> we met in haiti doing volunteer work after the earthquake there in 2010 we're giving money to support the relief efforts in texas and in florida and probably puerto rico now we don't need a loot we want to win and deliver huge result frs our shareholders. >> good for you guys >> thanks very much. >> kevin, stick around we have officially made it to the midway point of the stocks draft. let's take a look at where the teams stand. none other than, you guessed it. mr. wonderful. behind him we have flash crash gordon and tim the stock giant in last place. the people's choice but there's still time this stocks draft goes to the super bowl you have a number of months.

kevin you're in first place. you own apple and boeing you can't sell either. what do you make of the roll out of the new phone >> this always happens on new product announces you get the bloggers going nuts looking for deficiencies we had a story on the watch issue in connectivity. i talked to the company. they will fix that with a software update. what you're concerned about with apple and this should be what investigators focus on, certainly, what i do how much of the ecosphere are you growing. the real profit in apple as to why this is so interest and why you get so many long term investors is new platform comes out and you buy more memory, you buy more goods and service, more music, storage that's all obscene margins that i love so much these up and down issues around product releases are all the going to be the same thing gets announced, people realize

that people are upgrading like crazy and comes back up. that's what i think will happen. i'm having a great week here i got to admit it. >> 1346% return on your investment ain't bad things have changed in the market in terms the fed is on a this set course for the great unwind looks like rate hikes are in the off. we knew that before but now we really know that are you concerned that a rotation is not going treat you well, not going to treat the boeings of world well. >> i am concerned. i look at it this way. you want to go defensive as you go through the rocky waters of the fed decision now i'm looking at my furt future up at 75% that's up from 30% six weeks ago. let oos assume another rate hike i want higher return on asset companies. i want cash flows.

i want the safety of dividenddi. that where i'm taken my portfolio. i've done a lot of adjusting i'm not saying we're going to have a big downturn. i think gains will be very important. on this apple boeing pick and the game we're playing on stock picking, i'm not getting the credit for the dividends that i've been getting paid since i picked them. >> you're doing fine you don't need anymore credit. everything is doing good for you. >> i want to whine when i can whine. i want my dividends. >> focus on the pool filled with gold coins, okay >> thanks. enjoy your coins still ahead, more bad news for equifax. hackers roamed undetected for more than four months before a security team uncovered the massive data breach. that's not all first, to rick for today's bond report >> it's all about the context of

the moves yesterday after the fed decision that's where a lot of traders keeping up the market. let's do some two day charts tens held where they started taking off a whole lot more aggressive. they gapped a bit. maybe they are closer to joining the part of reversing some of the stimulus finally the dollar index looked pretty good on the chart. it seems though it has a bounce. let's see if it can hold we talk about economic models but don't change your channel. we'll return the be model, heidi klum

i can't wait for her to have that college experience that i had. the classes, the friends, the independence. and since we planned for it, that student debt is the one experience, i'm glad she'll miss when you have the right financial advisor, life can be brilliant. ameriprise another day another equifax revelation hackers roam undetected tr more

than four months before a security team uncovered the massive data breach. in another black eye, the company has deleted a series of tweets that sent victims of the data breach to a phishing website. >> equifax is finding itself on the defensive on a number of issues first number has confirmed that hackers tried to probe its system two months before the network was breached last week equifax said the hackers behind the current breach started infiltrating their network on may 13th. the company now acknowledges that two months before that on march 10th quote an actor interacted with our server looking for vulnerabilities. the company says no personal information was accessed in that probe. in another development the company also acknowledges that it sent some customers to fake website that was a copy cat of the one equifax started for customers who might be affected

by the breach. it's called equifax security 2017 a developer wanted to show how easy it is to create a similar fake site so he did. he called it security equifax 2017 they tweeted out his fake site eight times. he said his sight got more than 100,000 hits as of yesterday in statement addressing the mistake a spokesperson said all posts using the wrong link has been taken down. it would have been safer for equifax to create a sub domain instead of a whole different website and that's easier to copy back to you. >> wow that's unbelievable. >> eight times they sent out the wrong link to the website they supposedly started just incompetent >> it was like a copy and paste type mistake that's something he was

speculating on >> thanks. there's new numbers out today showing google and facebook tightening their grip on the digital add spending market they are expected to rake in 63% of digital add sales this year it's higher than norj hally expected what about all this fall out from the hate adds on facebook where they going to start to chip away. with us is jeff ramsey fwood good to have you here. >> thank you >> 63% of digital revenue. this doesn't include tv. >> no, no. >> 63% equates to $83 billion. television is 72 billion and kind of flat line. that $83 billion is a lot of money and 40% plus goes to

google and the 20% plus goes to facebook that is the definition of a duopoly. the next one up doesn't have 5%. >> who is it >> that would be a combination of microsoft and verizon/yahoo >> that's a tiny other side. >> each have about a 4% share. you can see how much power and control google and facebook have together not just over the money but over the data >> all this stuff about whether the russians used facebook to try to influence the election, anti-semitic ads that could be bought any impact on people's desire to spend with these two >> frankly, no our numbers suggest kind of up and to the right for both of them that's pause, they've had hiccups before they will weather the storm. the fact of the matter is both google and facebook have amazing

ad targeting technologies. they have a ton of data and they have the scale that's what marketers want they want to reach a lot of people and reach the right people >> you see where he spoke at this retail conference and where they analyzed all the google ads spending and the vast majority of them did not work there were people misspelling restoration hardware the fact the matter is they paid for billions and there can be hiccups, i am not familiar with that particular story. we have been tracking facebook and google ever since they began. they'll get through it the problems you are identifying are not unique to facebook and google and they have advance at targeting quite a bit that made things quite better. we are just talking about a huge amount of activity going on here 80% of this activity is probla y

problemically. geoff ramsey with e-market >> my pleasure >> the wall street call. it is right after this after this short break the cnbc trend tracker is brought to you by the cnbc group. cme group.

we kick it off with icron.

it is about 17% upside >> 17% is pretty high. >> retailer of 47 from 42. he says the customer over lap between amazon and kohl's 80%. they got the displays and january. >> yeah. is there going to be a third date >> all right, final stock, exact

science, ticker exas their target from 50 $to $45 >> they hope to get exposure of 30% of the 80 million americans in the target potential audience imagine it goes from 2% to 30% president trump announcing new sanctions against north korea. new poll numbers are released for the president. i will tell what you they are. super model heidi klum's new fashion line goes on sale today. brian's big interview with heidi coming up in the second hour of "power lunch."

stay with me, mr. parker. when a critical patient is far from the hospital, the hospital must come to the patient. stay with me, mr. parker. the at&t network is helping first responders connect with medical teams in near real time... stay with me, mr. parker. ...saving time when it matters most. stay with me, mrs. parker. that's the power of and.

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that you may be missing. and super model meets super market we sit down with heidi klum as she ready the launch her new fashion line you won't want to miss this. "power lunch" starts right now ♪ >> looks like brian had a good time with heidi. a check on the market. >> looks like she had a good time >> i am sure she did brian the dow hit an all time high stocks are out across the board now. the dow is down by 38 points and s&p 500 is down by 3 defense name lockheed martin and

raytheon is hitting an all time high it is down 45% this year >> michelle caruso-cabrera for "power lunch." google will buy part of htc mobile phone google hopes it will help to bolster business stop story, president trump announcing new initiative and sanction to crack down on north korea. lets wrap up what we heard from the president and even from china earlier today. eamon javers. that's right, new opening with the chinese. the chinese central banks

sending out a message to its banks and china. that was an encouraging sign of corporation of china with the overall u.n. sanctions that were passed last week new executive order. he laid out a couple of goals in terms of this sanction in terms of north korea it is going to target funding for north koreans and individuals. identifies new industries specifically that treasury can target with these sanctions, ultimate ultimatel ultimately, the idea is to put foreign banks in a tight position >> foreign banks will face a clear choice to do business with the united states or facilitate trade with the lawless regime in north korea. >> that's always been the u.s. in the hold here in terms of sanctions around the world the united states is such a big market for any banking anywhere in the world that when those

sanctions go in. if you are blocking from doing access of the banking system, you can be blocked effectively from global finance. that could be disasterous. the u.s. uses that financial leverage in sanction case again and again and they are doing it now in terms of north korea. we'll hear more from the treasury secretary in the next hour >> eamon thank you. president trump is getting above a new poll number. john harwood has more on this. >> brian, donald trump is still the least popular president, he has picked up from 40% in august in the way of the bipartisan deals of democrats and handling harvey and irma. he faces the real tests on tax reform because opinions are very much split when you ask americans what they

would do about the tax system, significant majority say they would raise taxes both on the wealthy and corporations they would like to cut them on small business that's an indication of where the republicans talking point need to go secondly, if you ask americans if you cut taxes on business, will that cause them to expand and create jobs. a 54% majority accepts that argument that's another potential opportunity for republicans. overall, when you say what should congress do with this issue. you find opinions all over the place. the largest single groups don't cut taxes at all you have a quarter of people say cutting them for individuals and cut for individuals and businesses just 4% of only a business tax cuts and what that tells you, guys, is the argument is there to be won between the democrat and republicans on this issue. a test of whether donald trump's up tick can be translated into

legislative results. >> thank you, john >> as john reported president trump seeing an uptake in support, is this going to help him tackle on some of the big items in the agenda. steven mnuchin is cheexpected t lay out new sanctions at 3:00 p.m also, next week, a rumor senate vote to repeal obamacare lets see joining us our republican strategist mike murphy and jared bernstein, gentlemen good to have you here. what do you make of the fact of people wanting corporate taxes cut, you get 32% of the option when it seems like there is great agreement from both democrats and republicans that are corporate tax rate right now and making it compouing it soune >> everybody agrees with the concept of it. yes, we can have a simple tax

system that's good for the economy. when wu gyou get in details of do you pay for it, and everything else is rising, people go back to their triable thing where democrats don't want to give businesses tax cuts. republicans may move taxes from one sector or another. will it be tax or renew and neutral. washington becomes the most in the world, they have a lobbying business it is the concept, very popular and details and always tough which is why it does not happen much >> jared, what do you make of the fact when asked wharks would a corporate tax cut would do it is going to create jobs and yet, they're not exc about a corporate tax cut. >> i agree of corporate code is

in dwyer ire of reform. there are so many loopholes of the type that michael was referring to of course, the effective rate and the actual tax rate corporation is way below 35%, something closer to 2 20% to 25% when i call a loophole, you call your favorite job creation program. what i thought was interesting in that hole was that a model group say they dmoiid not think need a tax cut that's where we ought to be. that is country that's going to need more revenues >> oh come on. >> this is actually not a matter of contention. i would think if we can reform our tax code, i would be for it. that's not what's going to happen we are looking at cuts that's

waste fu wasteful >> the new polling what comes in these washington polls is not so much the numbers but how they are interpreted like you mention and i think president trump is going to look at media coverage of an uptake in polling and say get chuck schumer on the phone and i am going to cut more deals. we may not see a corporate friendly tax deals under the new politics trump alliance than we did have with the paul ryan and mcconnell's plan >> i get it. a lot of good men in the government and i don't want anybody to lose their jobs they spent $10.5 billion per hours. this is not what the founders intended 4 million people have top secret security clearance there are 1200 agencies dedicated to fight terrorism when do we say enough is enough on the federal level >> i think you raise a great point there. the hard part is parting that

out. let me say a couple of things, just reflecting on what mike just said. i think it is the partisan bump that you are seeing in this poll >> you did not answer brian's question uconn ve you converted away from it >> we should cut spending, lets do it through the tax code the way we should cut spending is closing loopholes and tax that's exactly what it is. >> i am answering the question, i am answering the question. i can give you and i can put up on my blog today of a trillion dollars of cuts in loophole closures fitting at what brian was saying >> that's cutting loopholes to raise more money >> it adds revenues to the treasury it is how we spend money >> mike and jared, we'll have to do this some other time >> jared, jared. >> michelle, michelle. [ laughter ] >> next we'll continue to pick

up the pieces after a devastating earthquake mariana atencio is in front of mexico city of this magnitude of earthquake pounded mexico a few days ago the focus continues to be this school where a little girl around 12 years old or so is believed to be alive and inside, first responders who were able to communicate with her over night. one even telling me they were able to provide some oxygen and local reports saying they were able to give her water with a hose this is the sort of scene we have seen all day today. people wearing scrubs and engineers and people coming in and out in front of this school trying to rescue school children that are believered to be alive

inside all process country and the death toll is now over 200 in the city of mexico alone alone it goes over 100 people. the president of mexico spoke to the country last night saying rescue efforts continue to be a priority because there is still a lot of hope and resilience for those remaining underneath the rubble we'll continue to give you the latest here from mexico city as this country grampples to the last bit of hope in front of this school in mexico. up next, the clean up continues in puerto rico the entire island is set to be without power. we'll bring you a live report. texas and florida ravaged by flooding

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seriously anything, to help you invest for the future. live-streat the airport.e sport binge dvr'd shows while painting your toes. on demand laughs during long bubble baths. tv on every screen is awesome. the xfinity stream app. all your tv at home. the most on demand your entire dvr. top networks. and live sports on the go. included with xfinity tv. xfinity, the future of awesome. the focus after the hurricanes were the homes and businesses damaged by the hurricanes now concerns of crops including contaminates entering the

supply we are joined now by stan. we have seen the pictures going through neighborhoods of the floods and also all sorts of stuff that you don't want to get through food supply. what are the real risk here. the risk involved different some what from area to area in texas, there is been concerns of contamination of rice crops as well as concerns of livestock. in florida, the storm went to the center of the state and you had a significant amount of destruction of winter vegetable crops as well as citrus and sugar canes as well. >> contact of food that's in contact with flood waters. >> lets be get this straight something not in the ground right now and not the season for

rice or whatnot. do those contaminants stay in the soil so future crops romming in the soils are risk as well. >> generally, people should consult with extension of usda the main concern of bacteria of contamination in the wauter itself plants that did not come in contact with the water should be okay >> what about the contaminate soils? >> in certain circumstances, they can, the main issue is bacteria contamination by the water. if you have areas where you have contamination of other chemicals from other sources, you have to watch that the main concern is bacteria risk >> would that be the risk for houston and by the way, chemical plants, should we be concerned of that risk >> there is always risks associated with that it is released both in the air

and water as a result of the flooding that occurred in the area as far as crops are concerned, primarily again the main concern would be bacteria contamination of the flood water when it comes to plants, stan, what should we be worried about? i would imagine of any plants of reduction of food is going to scrub it down and sanitize itself what are the worries >> that's an excellent point of food processing. the threat from food processing come from loss of power. if you lose power and processing plants and you lose the ability to handle food safety or the part of the process. you have to worry if the plants are damaged by flood waters that if you had, for example, of refrigeration in systems, we want to make sure it is still intact making sure before the plants are used for food processing and they are properly clean and sanitized and they have a good

adequate supply. >> is the epa equip to do that >> epa has a lot of help to do that, help from food administration and usda and texas compartment of agriculture. epa is not bearing that responsibility >> surely it is not the first time for the hurricanes struck louisiana or all parts of the south. because of the flooding. >> generally not contamination directly you do have to worry some aspects of the food chains we don't have a good estimate of the number in texas. the previous storm in north korea, those substantial amount and you have to worry of carcass disposal of landfilling or etc.

puerto rico residents are getting a first chance to leave their home getting power back on. the first big hurdle they face tammy leitner on the enormous job ahead. >> reporter: we are in the neighborhood, this neighborhood took a hard hit. that is house behind me. you can see there is not much left you can see the whole top part of this roof and this

neighborhood is not an anomaly this is the norm here in puerto rico we have seen neighborhood after neighborhood where roads have become rivers where trees are down and roofs have blown off like a fortin ctin can. these are neighborhoods that's going to take long to recover. 100% is gone and they are saying it will not be retored for at least two or four months >> still ahead, our big interview with -- or brian's big interview with hide deidi klum,r selling it could be a gamer of t bfashion. >>heig change of the list of the world's richest women. kevin, meet your father.

kevin kevin kevin kevin kevin kevin kevin kevin kevin kevin trusted advice for life. kevin, how's your mom? life well planned. see what a raymond james financial advisor can do for you.

fortune magazine ranking the richest women for 2017 mary barra, and indra nooyi.

there are not enough ceos to fill out this list and etcetera and other executives that speaks to the disparity >> exactly moving from the most powerful women in business to the richest women on the planet, there is big changes robert frank is here with more >> the richest woman this the world passed away. lily anne, of loreal she was very attached to its success and its development. she kept a low profile but because of all those wealths, she had her share battles.

in the recent years, her family - now, with bettencourt's passing the richest woman in the world is alice walton and second is jacqueline mars fallowe fallowefallowed fallowed -fallowed -- fallowed -- they are now 227 female billionaires in the world. 25% of them are self made. now the richest self made women in the world is justine sgina r. >> top ten inherited money basically. >> yes, all the top ten inherited for from divorce

>> new book of the bettencourt's affair >> you see her and her photographer are a little too cozy to each other >> 50% in two days without a merger that's what shares of alylani has done as we go to break, take a look at some of the big stocks. it is doing all right. more room to run as rates rise k a benchmark. flexshares etfs are built around the way investors think. with objectives like building capital for the future, managing portfolio risk and liquidity and generating income. that's real etf innovation. flexshares. built by investors, for investors.

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hello everyone, i am sue herrera, here is your update at this hour. every village and street and every person is impacted that's how dominica describes their area trees and debris in the streets of san juan.

clean up is started. >> america are still struggling with obesity 32% of adults over age 20 were over weight. americans ages 40 to 59 had a higher 38% obesity rate. it is that time of the year, shoppers are expected to spend a record of $9.1 billion on halloween costumes and decorations this year. the most popular costumes for kids will be super heroes. adults will go for witches and for pets >> yeah. >> pets. >> it is pumpkins. >> there you go. >> got it. very cute. >> i don't know what pets but we'll wait and see >> all right, the big banks have had a hot summer city group cracking 12% of the past three months. is there still time to get in.

don chu is joining us now with the story. >> michelle, if you take a look at these financials under perform the market if you take a look at etf that track the broader financials you will notice the big divergence performance here. the xlf has a lot of insurance company broker dealer, that transport of thing there banks relatively flat. you can see here there could be a catch up trade in play here if you look at the building up momentum side of the story you go t bank of america city and pnc. they're both within striking distance of at least record highs for pnc and multi high for bank of america. there is a catch up trade for some of these regional banks we are seeing possibly a break

out to the upside. the pattern here and resistance around the 95 or 96 area is in place. one more thing traders are watching is what's happening with long-term interest rate as you can see here, we are in a relative trend of those interest rates. we'll play out for sure. back over to you >> don r, great stuff. lets bring in doug sandler and mark of montgomery stocks. lets imagine the stocks, the tide is so powerful and all the boats and stocks are being lifted what happens if people decide that etfs are over valued or not a good deal in do you think it will bring the tide down or stocks as a whole? >> i think ladder and necessarily being bigger -- as i

look at etfs, we use them actively in some of the portfolios that we manage. in of itself, as an truinstrume they are over or under value of the basket of securities that they represent that or trading there is one level of determination. the other is they can easily be bought and sold and so if you said the tide starts to go out and investors hitting the key stroke to sell and sell and take the basket of it quickly and amplified any kind of downdraft. >> i am going to ask you mark, do you think there is liquidity for all etfs >> i don't think one uniformly other liquid markets around the world. i would worry a little bit more and narrowly define or amount of position that they hold and you can see the liquidity dry up

you had one of those days that we had before. we had a flash crash what do you think of the biggest risk in markets here >> i came up with three, there is a geo political melt up risk and there is a risk that trump actually had success on his agenda we have been good over the last nine years of turning over any political geo political risks out there. i think there is risks that investors get used to it i think the market is going to continue to trade up and frustrate investors. from the trump's perspective, people may have counted him out too quickly. he created a currency to work with democrats and moving for towards center there is a potential that he gets some of his agenda through which is going to be good for a number of industries that's given back the trump bump. thirdly, there is evaluations that i don't think it is now u.s. stocks are a little bit

expensive but i think the market continues to melt up, what's going to happen is people are forced to chase it >> what's your metric when you say the market could be expensive. you look at you know forward earnings or how do you look at it >> we have our own price matters framework, it is the best metric that we found. by that measure, we look at the market of 10% over valued in the u.s., which is not far from fair value but the real opportunities developed internationally, europe and japan and etcetera, and that's about 30% that's about where the u.s. was three or four years ago. >> the one thing when you talk about the possibility and center getting the agenda done, you say a lot of people and if it works with the democrats monarre, you would get of a less progrowth agenda maybe not as an aggressive attack cuts but maybe not an

aggressive corporate tax cuts. he's trying to move in the center and maybe not as good any thoughts on that >> i think it is all better than zero i think people ruled out that tax cuts in the near term and i think negotiating is basically that each side throwing out the kind of extreme and you moving towards the middle from there. what we hear president trump is a great negotiator and it seems to be playing out a little bit and we'll see how it goes. there is a lot of time left here >> mark robert, were you shocked of how strong the markets been >> well, there is a lot of reasons to support it. i think economically, importantly which we know trump's politics have been providing a fertile pending and to doug's point, they got a little out of their skis that supports u.s. equity here.

then i think that's a support for equity prices to continue their advance. >> mark and doug, thank you very much guys. appreciate it. >> you are welcome alnylan pharmaceuticals, shani joining us now is the ceo, and also joined by other own >> thank you for joining us guys >> if terthis would be the firs commercial product based on rnai technology how important is it forward? >> it is mayor leap forward. it is important of new medicines can be brought forward to fight disease and some of therecent advances with key cell

therapies. it is hoping up a whole new drug category our data read up that we heard yesterday really opens up the doors for these types of medicine making it to the market just to break it down, rnai is using snippet of the genetic code to shut it down >> it is fantastic biology of 2006 it is been a long road to get to the positive data. you guy haves encountered some safety issues with other programs along the way tell us of your understanding of what causing those safety issues is that potentially a worry of technology or those specific program sns. >> we have now proven that and we have a read out where the safety is better and so that's very encourage fing from an ovel

evaluation of the platform the other specific example, a risky endeavor and specific programs can face challenges that are relating to those specific programs but not to the whole category >> this drug focuses on, i want to get onto -- it is a rare nerve disorder, correct? >> that's right. >> you got another in the pipeline that targets different ttr accumulating function. ttrsc 02 >> yes >> does this making more success of this other drug >> clearly this faphase tells us knocking down ttr can modify disease in these patients. the process -- in the settings that people have heart failure

as a result for ttr. >> you guys are planning to apply for the first drug by the end of the year. we saw reaction negatively of potential negative stock >> well, competition is great for patients and it is great for the industry to have competition. we have a prouduct that's based on the results that revealed yesterday. it appears to look promising as a potential best in class drug and very substantial efficacy and very encouraging safety profiles the fda will review our package and they'll ultimately decide how it can be labeled as a drug. we are confident it is the best class. >> we said it is a rare disease and of 10,000 cases around the world? >> 30,000 cases of this initial

drug data set because our patient da patient data sets including patients of heart failure so it is a mix of presentation of disease and both endurance and damage and under lining heart failure as well. that's about 20 or 30,000 patients >> you think of rare conditions and x economy and publications the price tag on this is six figures. there is been so much focus on drug pricing recently. are you concerned at all >> we had extensive decisiiscuss we educated them and ourselves of the cost of having this disease. you know that burden o f that disease is very expensive to care for

if it is able to delay or improve the under lining condition, the economic value t actual value to assist them is possible so, even with drug pricing whic is a six figure type of number >> john, thank you so much for joining us >> thank you >> the ceo of alnylam of pharmaceuticals. >> thank you brian. >> how would you like a leopard print suit with a dozen eggs in the same line. we are talking about super model heidi klum, next

well you know heidi klum is a super model and a judge on "america's got talent. get this, high fashion in a grocery store. we had to check it out for ourselves. we spoke with heidi and i asked her how she plans to use her plans and power for customers

for something other than food >> we have to wait and see how america will react to fashion in a super market it works in europe but a designer never had made anything for this before i am the first one to do this and i am super proud of. we are taking one step of work away from women. we are all so busy and we have so much to do. we have our kids and our loved ones and we have to go to work and you have to cook and iron and you want to try to go to the gym if you even can. there is so much to do if i can take one step out of the woman's day so when she goes get her groceries and oh, there is a hoodie that she looks or a great pair of jeans and she looks at the price tag and wait a minute, these jeans are $50. if i can do that, i will solve one little problem for someone >> how did this go about

>> they asked me to do a collection for them and i looked into this. how were the clothes being made and who was making the clothes i wanted to make sure that everything is kosher so i can think of making great clothes. everyone says how can you make these pieces for that price. how is that possible it is possible because we go through ten thousand source in multiple countries because that's how you keep the prices down if you do 100 or a thousand, right? the price goes down. so that's the same concept here. i get to make great clothes with great quality for a great price. that was important for me that the piece is having a great touch. >> you have so many collaborations obviously famous television

personality and famous model you know heidi, you are the talent here and we'll take care of the details how engaged are you and how do you push back? >> i am used to people looking at me and judging me, i think i am just in the business. i have a stuff stance and i don't care i do my thing, ultimately at the end of the day, it is up to women out there, either they like what i create for them or they don't we'll have to wait and see in terms of creating and making the pieces, it has been like that with every single partner that i have had is that they're like oh, you want to prove that or oh, you are going to do that or oh you are bringing samples or doing the fitting people have always been surprised over the years that i do everything from a to z. the only thing that i don't do is i don't sew anything because i cannot sew i do everything from the beginning to the end i do the packaging and what color it is and pretty much

everything >> how do you say kick butts in german >> i am kidding. [ laughter ] >> they loved the part where she bashed men not being able to do multiple things. it was good and we appreciate it it is kind of a different thing. it was tough gig but you kn know -- [ laughter ] >> apparently, if i can pronounce her last name. i go do it so i took one for the team >> you can buy handbags and scarves and boots and items starting at 7 bucks. they're ten bucks jeans. >> you know what a camisole is >> i have no idea, i just interviewed highly klu interviewed heidi klum

>> anyway, we are moving on. that was a great interview bet on defense stocks, straight ahead she can't become a guitar legend just by playing air guitar. the baby's room won't build itself. and her paw won't heal on its own. we're all working forward to something. synchrony financial can help your customers make it happen sooner. so she can plug into her dreams... and they'll have a new addition for their new addition. whatever you're working forward to, even if it's chasing squirrels, synchrony financial can help you get there. even if it's chasing squirrels, not rebalancing your portfolio. focused on what you love,

not how your money will last through retirement. we make it easier to plan for retirement with day one target date funds from prudential. look forward to your 401k plan. kevin, meet yourkeviner. kevin kevin kevin kevin kevin kevin kevin kevin kevin trusted advice for life. kevin, how's your mom? life well planned. see what a raymond james financial advisor can do for you.

we just reroll the heidi interview? anyway, defense stocks, l3, lockheed martin, general dynamics, raytheon, rising to highs today. let's g let's get to it. math, i'll start you, the defense stocks, what do you think? >> well, on a longer term basis, i still like them. we have the situation where obviously you have president trump wants to increase the budget, the defense budget, and we're no the get a whole lot of pushback from the democrat the, they're focused on other tissues. we also have north korea, i think that's going to escalate, so on a fundamental basis, on a long-term basis, they still sho should look good on a short-term basis, they're getting overbought leveled out in the last couple weeks. we see lockheed martin and raytheon, some of these stocks, stuck in the sideway s bands. today's rally is a nice one. it hasn't moved out of that band we like to see a further

breakout there they're getting a little overbought look at boeing, one of best stocks in the united states this year, has a big defensive issue, you know, component to it, it's 75% above its 200-week moving average. that's a level that's usually quite expanded short term they could pull back a little bit. >> math, thank you erin gibbs, what is p ceasp's c, are they good values for viewer and listeners? >> definitely not good values. much like matt said, we like the stocks because they're nice blue chip stable growth companies overall, we're expecting 9% growth for this year and next year, 20%less than t lesles les0 and have high valuations the defense industry has broken above 12-year highs and the multiple expansion versus the broader market just keeps getting high and higher so your prices are going up, your earnings are sort of stable. you're paying a higher price for slower growth than you were your

just the s&p 500 that's the concern for us. though they're slow and steady, they're getting pricey here. >> really getting pricey can't be more clear than that. erin, thank you, prooesapprecia, thank you. for more, go to our website, tradingnation.cnbc.com. final thoughts of the day, "check please" is next. and now the latest from tradingnation coun tradingnation.cnbc.com and word from our sponsors. >> traders shouldn't let their politics affect their trading, instead, look to the current price trend and build an exit strategy based on where, and when, the present conditions may change this will help keep your biases at bay, as the markets oenft react differently than we might expect

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and automatically deploying countermeasures. keeping the world of business connected and protected. that's the power of and. check please >> check please. i'm waiting to watch treasury secretary steven mnuchin talk about the new sanctions on north korea, how ex-tentensive they'r going to be, see what that means in terms of whether or not we actually get a change in action from north korea when it comes to their nuclear weapons program. >> i'm watching apple very closely. apple hitting a seven-week lows. tomorrow we're getting the iphone l 8, as well the 8 plus in stores. been a rough week for apple this week, down by 3.7%. the broader implications, the technology rally, a sector that powered the markets higher this year biggest market cap stock in the nasdaq 100 under pressure for this month, we could have some

hiccups here in the tech run. >> my check please, is about, what else, heidi klum. >> heidi klum. >> on a serious note, think about this she hosts "america's got talent," she hosts the german's version of -- germany's "next top model," has multiple fashion lines she has all these digit businesses and, what, four kids. incredibly busy person you should have seen her going through the interviews solid professional i mean, somebody that works probably 23 hours a day is my guess. >> i think what is interesting, she made the point that this is the first time lidl has clothing in their stores. but that is actually the model of walmart as well as target, so they also have the grocery side of the business, they also sell clothes, lidl's moving into their territory here in the u.s. in terms of the discount rest e retail retailer the models getting closer is a competition going to be that much tougher. >> she also mentioned in europe there's a lot of fashion in the supermarkets i wasn't aware of. >> you can buy stuff

by the way, thanks to mel and michelle for letting me know what a camisole is in the break. i did not know. we threw that in, like why did you start with a camisole? go to lidl and get your camisoles. >> $7.99 >> thanks for watching "power lunch. >> "closing bell" starts right now. not going there. >> you think you know? >> not going there. >> camisole? welcome to "the closing bell," everybody, i'm kelly evans at the new york stock exchange. >> i'm bill griffeth top story this afternoon, new sanctions for north korea. president trump already announced this new executive order that will target companies and individuals trading with north korea. and treasury will be able to sanction foreign banks that take part in transactions tied to north korean trade >> yeah, they'll have to either trade with them or trade with us treasury secretary steve