years of terrible trade deals that have sacrificed so many millions of jobs in our country to the benefit of other countries. we need negotiators who will much more strongly represent america's interest the nuclear deal through iran's dictatorship, a political and economic lifeline, providing urgently-needed relief from the intense domestic pressure, the sanctions had created. it also gave the regime an immediate financial boost. and over $100 billion, its government could use to fund terrorism. the regime also received a massive cash settlement of $1.7 billion from the united states a large portion of which was physically loaded onto an

airplane and flown into iran just imagine the site of the huge piles of money being hauled off by the iranians waiting at the airport for the cash i wonder where all that money went worst of all, the deal allows iran to continue developing certain elements of its nuclear program and importantly in just a few years as key restrictions disappear, iran can sprint towards a rapid nuclear weapons breakout in other words, we got weak inspections for exchange for no more than a temporary delay in iran's path to nuclear weapons what is the purpose of the deal that, at best, only delays iran's nuclear capability for a short period of time

this as president in the united states is unacceptable in other countries, they think in terms of 100-year intervals, not just a few years at a time, the saddest part of the deal for the united states is that all of the money was paid upfront, which is unheard of rather than at the end of the deal when they have shown they have played by the rules. but what is done is done, and that is why we are where we are. the iranian regime has committed multiple violations of the agreement. for example, on two separate occasions, they have exceeded the limit of 130 metric tons of heavy water. until recently, the iranian regime has also failed to meet

our expectations in its operation of advanced centrifuges. the iranian regime has also intimidated international inspectors into not using the full inspection authorities that the agreement calls for. iranian officials and military leaders have repeatedly claimed they will not allow inspectors onto military sites, even though the international community suspects some of those sites were part of iran's plan to sign the nuclear weapons program. and there are also many people who believe that iran is dealing with north korea i am going to instruct our intelligence agencies to do a thorough analysis and report back their findings beyond what they have already reviewed by its own terms, the iran deal was supposed to contribute to

regional and international peace and security and yet while the united states adheres to our commitment under the deal, the iranian regime continues to feel conflict and terror throughout the middle east and beyond. importantly, iran is not living up to the spirit of the deal so today, in recognition of the increasing menace posed by iran and after extensive consultations with our allies, i am announcing a new strategy to address the full range of iran's destructive actions. first, we will work with our allies to counter the regime's destabilizing ctivity and support for terrorist proxies in the region second, we will place additional sanctions on the regime to block

their financing of terror. third, we will address the regime's proliferation of missiles and weapons that threaten its neighbors global trade and freedom of navigation. and finally, we will deny the regime all paths to a nuclear weapon today i'm also announcing several major steps my administration is taking in pursuit of this strategy the execution of our strategy begins with the long overdue step of imposing tough sanctions on iran's islamic revolutionary guard corps. the revolutionary guard is the iranian's supreme leaders corrupt personal terror force and militia. it has hijacked large portions of iran's economy and sees massive religious endowments to

fund war and terror abroad this includes arming the syrian dictator, supplying proxies and partners with missiles and weapons to attack civilians in the region and even plotting to bomb a popular restaurant right here in washington, d.c. i a.m. authorizing the department to revolution the guard corps for support of terrorism and to apply sanctions to its officials, agents and affiliates i urge our allies to join us in taking strong actions to curb iran's continued dangerous and destabilizing behavior including thorough sanctions outside the iran deal that target the regime's ballistic missile program in support for terrorism and all of its destructive activities of which there are many

finally, on the grave matter of iran's nuclear program, since the signing of the nuclear agreement, is the regime's dangerous aggression that has only escalated at the same time, it has received massive sanctions relief while continuing to develop its missiles program iran has also entered into lucrative business contracts with other parties to the agreement of when the agreement was finalized in 2015, congress passed the iran nuclear agreement review act to ensure that congress' voice would be heard on the deal. among other conditions, this law requires the president or his designee to certify that the suspension of sanctions under the deal is appropriate and proportionate to measure and other measures taken by iran to

terminate its elicit nuclear program. based on the factual record i have put forward, i am announcing today that we cannot and will not make this certification. we will not continue down a path whose predictable conclusion is more violence, more terror and the very real threat of iran's nuclear breakout that is why i am directing my administration to work closely with congress and our allies to address the deal's many serious flaws so that the iranian regime can never threaten the world with nuclear weapons these include the deal's sunset clauses that in just a few years will eliminate key restrictions on iran's nuclear program. the flaws inthe deal also

include insufficient enforcement and near total silence of iran's missile programs congress has already begun the work to address these problems key house and senate leaders are drafting legislation that would amend the iran nuclear agreement review act to strengthen enforcement, prevent iran from developing an internet -- this is so totally important, an intercontinental ballistic missile and make all restrictions on iran's nuclear activity permanent under u.s. law. so important i support these initiatives. however, in the event we are not able to reach a solution working with congress and our allies, then the agreement will be

terminated it is under continuous review. and our participation can be canceled by me as president at any time as we have seen in north korea, the longer we ignore a threat, the worse that threat becomes. it is why we are determined that the world's leading sponsor of terrorism did obtain nuclear weapons. in this effort, we stand in total solidarity with the iranian regime's longest suffering victims, its own people the citizens of iran have paid a heavy price for the violence and extremism of their leaders the iranian people long to and are just longing to reclaim their country's proud history, its culture, its civilization,

its cooperation with its neighbors. we hope that these new measures directed at the iranian dictatorship will compel the government to re-evaluate its pursuit of terror at the expense of its people. we hope that our actions today will help bring about a future of peace, stability and prosperity in the middle east. a future where sovereign nations respect each other and their own citizens we pray for a future where young children, american and iranian, muslim, christian and jewish, can grow up in a world free from violence, patriot and terror and until that blessed day comes, we will do what we must to keep america safe thank you. god bless you. and god bless america.

>> saying that the 2015 nuclear deal with iran is one of the worst deals the u.s. has ever made president trump said he will decertify that deal just moments ago. he said in the white house speech, the president is pushing for more sanctions on iran and saying the administration will deny iran all paths to building a nuclear weapon we'll get more now on the major policy speech. eamon javers is live at the white house with reaction. >> reporter: while the president was speaking, the treasury department put out details of the new sanctions they are putting in on the iranian revolutionary guard forces there. also, sanctioning two other entities in iran, but these are not sanctions related to the nuclear weapons development. these are sanctions related to actions that the revolutionary guard is taking in syria therefore, the administration feels that these new sanctions they are putting in place today

do not violate the terms of the joint agreement between the united states and iran on its nuclear program. these are outside of that deal so therefore, as we heard the president say, the united states is not getting out of the deal, although it's holding out the threat that he could withdraw the united states from it at any moment if he's not able to get new negotiations moving up on capitol hill and with the iranians directly. so the president here saying that he is going to decertify the iranian nuclear deal, but he's going to push for legislation on capitol hill that would include trigger points for mandatory new sanctions and a mandatory removal from the deal if he gets what he wants on capitol hill, the president is saying, he won't pull out of the deal overall, frank. >> thank you very much, eamon javers on the north lawn that he'll be following all afternoon, as we all let's bring in ceo of the atlantic council, mr. kemp, welcome. what did you hear in the president's speech there that,

in any way, may have surprised you? we also have former energy secretary bill richardson who served as ambassador to the united nations let me begin with you, fred. what did you hear there? there are matters of sanctions under the jcpoa, the agreement governing nuclear development. but there were also some sanctions that he announced, directed at the revolutionary guard and other sanctions that are outside of the scope of that nuclear agreement. what did you hear? and how do you analyze it? >> well, let's talk quickly about what was there and what was not there. his -- his statement on it violating the -- the iranians violating the spirit of the accord, the obama administration argued that the accord was worthwhile in its own right. president trump is saying that's not true i want to go after three things. first of all, i want to block the iranian path to the bomb and he doesn't think the deal

does that. and number two, i want to block further developments toward intercontinental ballistic missiles and number three, i want to start countering iranian misbehavior destabilizing the region and beyond. what he didn't do was a lot of hard-liners would have liked to have him brand the republican guard to the terrorist organization he hasn't done that and will continue to work with them in iraq against isis. and he also, decertified, he said he would decertify, but won't terminate the agreement. he would work, he would continue to work with allies in congress to rewrite the agreement the way he wanted it to read and so, some of the hard-liners would have liked to have him go even further and i think this was a not to secretary mattis, to secretary of tillerson and to general kelly, all of whom think keeping the agreement in place is in the

national security interest the president felt more strongly in the other direction this, to a certain extent, is a compromise among these men. >> ambassador richardson, your reaction here, and specifically, i assume that this is an absolute non-starter in tehran and i think t, how do you think the other dignitaries will respond to i was disappointed that it is maybe a compromise, but it angers our allies, especially germany, france, britain, part of this agreement. secondly, it sends a signal, for instance, that north korea, if you reach a nuclear agreement with the united states, they might pull out this is way ahead of us, but this is what really concerns me. and then thirdly, iran was come lining with the nuclear agreement. i mean, our pentagon said this, the international atomic energy

said this, our experts said this -- >> but the president said they're not. but the president said they're not, that they have exseceeded heavy water, they have intimidated inspectors and stymied inspections. and also moved beyond some of the strictures on enrichment >> well, look, it's not perfect, but complying with the specifics of the agreement, they have done that and his own advisers have said that now, what i worry about is, we need to pressure iran. they are involved in syrian and lebanon. we are not going to have much leverage now that we got out of the iran agreement so i would have gone with his own advisers, secretary mattis and others, and keep the

agreement, but work with your allies to get the iranians to behave more like members of the international community. now we get nothing i don't see this art of the deal negotiating tactic working. >> but fred, what do you think is the methodology, the reasoning, the logic behind this move today what are we hoping to achieve? >> so i agree with governor richardson that the better way to have gone would have been to recertify, because in general, that's what our allies and his cabinet have been suggesting the last time the national security council had a meeting on this, he was not given an option to she dertdecertify, an said, the next time you get together i want that option. and then it would have been even stronger, the argument of getting tougher with iran toward its misbehavior and toward the support for terrorism and other measures and i don't think anyone disagrees with the fact that iran is doing these things and we aught to do more against

them i do think governor richardson is right, this is going to be a real alliance management task with five other countries involved in this deal, russia, china, germany, france and the u.k. they will not want to have to redraw this. the iranians aren't going to want to renegotiate. they will refuse and i don't even know whether congress is going to go into this the hard-liners want to terminate altogether the democrats don't want to abandon it so this could go nowhere in congress. >> so governor richardson, if the u.s. does what the president concluded by saying, if congress can't reach agreement, the allies can't reach agreement with iran and so forth, i will terminate the deal as my authority allows me to do, what if the u.s. did terminate the deal you still have five other territories in the deal. would that effectively blow it up or would it just mean there's no deal between us and iran take me through that >> well, it would blow it up because we're the big player here

we are the big player. and the worry that i have is that, you're now going to have two rogue nations with nuclear weapons. north korea already has them they may have plenty iran still doesn't have them, but they're going to erase the build them the europeans probably aren't going to take off their sanctions. the problem is going to be that iran is going to race to build a nuclear capacity, nuclear weapons, ballistic weapons and they will continue to violate the ballistic missile treaty at the united nations you know, you give them license to do what we don't want them to do that is the worry that i have. i wish the president had listened to his military advisers, the national security advisers, to our allies, to germany. you know, like mr. kemp, he's head of the atlantic council, that's our main alliance germany, france, britain, russia and china were part of this.

now we blew it apart >> gentlemen, thank you very much for your perspectives we appreciate it well, the fed has already begun raising rates. will the bank of england be next the bank of england governor mark carney will join us next to talk interest rates to the global economy and much more stay tuned most etfs only track 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. before investing consider the fund's investment objectives, risks, charges and expenses. go to flexshares.com for a prospectus containing this information. read it carefully. throughout my career, i've been fortunate enough to travel to many interesting places.

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some of the most important people in the world are at the imf this weekend steve liesman is here with mark carney, take it away. >> we have lots of issues on the table here governor carney, thank you for being here >> thank you for having me >> i want to spend time talking about the u.k., the policy and the economy and broaden it out to get your thoughts obviously, you were the governor of canada during the financial crisis and a major player in the world on banking regulation. let me start off with u.k. policy there's expectations in the market for november rate hikes the first one, i believe, in ten years. is that what you believe they aught to be doing? >> well, what the mtc has been doing since the referendum on brexit, which was 14 months ago, has been providing a lot of stimulus to the u.k. economy it's a period of adjustment, and we have been willing to tolerate inflation being an overtarget, where in a relatively rare economy with having inflation higher than target among the major central banks, it will be

an over target for longer in order to take unemployment during the time. unemployment is at an all-time low. more people are working in the u.k. so we are running out of tolerance for inflationary in years two and three. as a majority of the committee, and i include myself in the majority, is thinking it is appropriate to make moderate changes to interest rates. and the language we use in the last decision that was a month ago was incoming months. so unfortunately, steve, i won't make a decision here on this >> you don't tell your board how to vote. >> no. >> and these guys that are on the committee are not shy about defending. 6-2, 6-3 -- >> it is a healthy situation with rigorous accountability you've got a very diverse range of opinion

you have market economist, you have academic economists people from different backgrounds, obviously i'm canadi canadian, so you get diversity and different views. >> i'm used to covering monetary policy in terms of directional shifts when a bank goes from cutting to neutral to hiking, it's a directional shift. are you thinking about what you might do next month in terms of directional shift? >> well, you have to take one decision at a time, first point. second, we're in a world of limited and gradual rate moves in any direction n part because the global rates are so low. and we are also in a situation in the united kingdom where we have a fair bit of uncertainty about the future trading relationship with our largest trading partner. we send almost 50% of our goods and services to the european union. that relationship has been renegotiated as we speak and that is going to weigh on, very importantly, how businesses and households in the u.k. act

and therefore how policy reacts. >> let's talk about brexit and you're thinking the about brexit is it something that leads ultimately to more growth in the u.k. or less growth in the u.k.? >> well, it's a question of your time horizon it's going to be a big adjustment the scale of the adjustment will depend on what the final arrangement is between the u.k. and the european union if it is a deep comprehensive broad trade agreement, the adjustment will be much less but in any way, shape or form, what it is going to leave is the intention of a more global britain. a britain that assigns trade deals with the emerging economies, with hopefully the u.s., canada and other major advance economies, earn there will be a period of time where the economy is reorienting now, when that happens and you have big shifts to capital planned equipment, it weighs on growth a bit for that period of time so longer term, you can see stronger growth. in the near-term, we think two things will happen it's a question of degree, but both on the demand side, there will be less demand, apart

because of the trade relationship will change to some degree with europe partly because of uncertainty as well domestically. and then on the supplies side, productivity, potential growth and labor force, that is probably going to dmiminish as well so we have to do at the central bank is look at the balance between the two. >> less activity and potential growth, that means you're a lot closer to it and you should probably, it's potentially inflationary, right? >> this is the point we have made the monetary policy response to brexit, when it happens, is not automatic. it will also depend on what the exchange rate will do. >> that's why when you talk about november -- >> what we are managing policy for now is the economy in the transition to a future end state. which is uncertain. >> what's the worst thing that can happen in terms of growth for the u.k. >> well, i wouldn't use that word our job is to deliver two things first, price stability, so we're

going to, if we have to raise interest rates, adjust the policy in order to hit the 2% target, we'll do it. no more, no less the second thing is to make sure the core of the financial system, one of the most financial systems in the world, that the core is resilient to whatever potential outcome happens with the brexit negotiations obviously, we want the best possible outcome >> how concerned are you that the u.k. financial industry might end up leaving the island and going to the confidente? >> well, it will depend on the final agreement. so i would say it is still -- there will be some adjustment inevitably, but london is the leading financial center and is much more than just the financial center for -- >> there's been a movement to move back from the rules propagated in dodd -odd/frank. are you concerned that the u.s. is watering down some of the

financial crisis regulations >> two things, the short answer is no, but let me explain. first, on a high level, internationally in the u.k.n the united states, we have done a lot in terms of financial regulation and we have made the system safer, simpler and fairer. i firmly believe that. but when you have done a lot, you need to step back and look how the rules fit together and make adjustments there's going to be overlap, underlap, inconsistencies, places you have done too much, too little then when you look at what the united states is focused on, hence this administration, they are looking at volcker with adjustments, how they run stress testing with efficiencies, potentially the size threshhold for what is a community bank, which bank becomes systemic, all sensible things that quite frankly are u.s. focused as opposed to internationally focused. so it is not for us to say how the u.s. is organized domestically and it is also consistent with the international effort to look at some of the rules we're looking at them in the

derivative market and other factors, and to make the adjustment that can deliver the same amount of resilience, but this a more efficient way. >> let me talk about the global macro situation here have you been surprised, except for yourself, you may walk into the central bank meetings that you're the only one with inflation. generally, they seem incapable of hitting inflation targets, is that a concern >> look, i think the big picture right here is the global economy is firing on most cylinders. we have 75% of the world economy growing above potential. the quality of that growth has gone up. there's a lot more business mississippiment showing up around the world and that means that the e quill l equalibrium movement is moving >> inflation will start to come in that environment. it is not surprising give the big shock we have all been through in the coordinating of

this gap we are moving in the right direction. and our job is to continue on that path. >> i have one more question on behalf of one of my producer who is is fascinated by your comments about the threat of artificial intelligence. two workers, is that a real issue out there? how much concern do you have about that >> well, look, i wouldn't simplify it down to that there are a huge number of tasks, probably not including yours, steve, that's the good news, but potentially including mine, that's the bad news, the huge number of tasks where a.i. can play a huge role but it is supplementary role, it doesn't necessarily -- >> you don't think it will destroy your job >> there are some jobs that will move and there are big chunks. most jobs will be affected, but the question is, can it enhance the intelligence of -- is it possible to make steve liesman even smarter than he already is? >> that remains to be seen governor carney, thank you for joining us guys, back to you back there all right, steve, thank you.

no, it is not possible well, those who thought the stock was a house of cards, they're kicking themselves today because netflix is stopping $200 a share for the first time er.ve we'll talk about that and perhaps some stranger things when "power lunch" returns there's so many opinions out there, it's hard to make sense of it all. well, victor, do you have something for him? >>check this out. td ameritrade aggregates thousands of earnings estimates into a single data point. that way you can keep your eyes on the big picture. >>huh. feel better? >>much better. yeah, me too. wow, you really did a number on this thing. >>sorry about that. that's alright. i got a box of 'em. thousands of opinions. one estimate. the earnings tool from td ameritrade. so that's the idea. what do you think? hate to play devil's advocate but... i kind of feel like it's a game changer. i wouldn't go that far. are you there? he's probably on mute. yeah... gary won't like it. why? because he's gary. (phone ringing) what? keep going! yeah... (laughs) (voice on phone) it's not millennial enough.

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telling cnbc a range of options for the public listing of saudi aramco are under active review no decision has been made and the ipo remains on track the company is standing by its initial plans, if it however decided to go the private placement route, it could list shares locally on the saudi exchange and then move forward with the international ipo later, say 2019. the advantages of not moving forward with the ipo plans would be not having to disclose as much detail about the plan, which is always an issue for the saudis, while still raising funds needed the best of both worlds scenario could be this option meantime, on october 5th, they told cnbc that progress was being made on ipo preparations so they are sticking with the story, guys. back to you. >> and jackie, you know that i have been in contact with some awe d saudi aramco officials as well, so i think the reports are accurate but everything is on the table

right now, so you may see more reports coming out saying, they may do this, they may do that. the issue, as you know, is valuation. saudi aramco believes it is worth nearly $2 trillion there are private reports going around to suggest about $400 billion. so somewhere in the middle is where they need to find the mark. >> right, well, they want to keep the evaluation as high as possible and there's no coincidence that oil prices are staying elevated as well. and that the opec members are sort of job-owning here to keep us over $50 a barrel that's been a big part of the strategy, as long as oil is a little bit higher, it makes them look better and helps them raise money no matter which route they do, whether they do the international ipo or go private. >> jackie, thank you very much jackie delang list repoeangelisg job cuts and controversy, what should you do with the stocks? yothugthide u roh e stuff on "power lunch. "volatile markets."

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i'm sue herera president trump receiving a rousing welcome during a speech to evangelical christians and social conservatives in washington he drew repeated cheers during his values voter summit as he pledged to defend judeo-christian values. >> we know that it's the family and the church, not government officials, that know best how to create strong and loving communities. and above all else, we know this, in america, we don't worship government, we worship god. bmw is recalling more than 85,000 older-model suvs because the front passenger air bag may not inflate in a crash the recall covers the x3 from the model years 2006 through 2010 and what a beauty, a massive 37 carat pink diamond is

expected to sell for up to $30 million at auction next month. this is the world's largest fancy and intense diamond. it was mined in south africa in 2015 you're up-to-date. melissa, back to you. >> if i see that on you, not you, but anybody, i would think that it's a fake cocktail rink >> i know, there's that controversy out there. it's been held in private hands. i mean, it's obviously a collectible, but it's so big, it doesn't look real. >> but i wouldn't say no to it. >> absolutely not. you can always have it cut down. >> yeah. >> matching earrings >> thank you, sue. media stocks are having a tough week after the rise of cord-cutting after saying it is losing video subscribers is more pain ahead we'll bring in barton crockett for a look at what is ahead for these companies. barton, great to have you with us the good news for shares of

disney today is they seem to be stable the bad news is there's no bounce really. the stock has basically been a straight line lower since april. so at this point, what does the company need to do to e lay investor concerns? >> well, i think that disney, like the rest of our sector, needs to show a little more life that would help. i think m&a consolidation would help and i think all the things are potentially in the offing. you look at the pressure on the tv network stocks and more so for some of the others, like a viacom or the tv station companies. things have gotten to silly line there are zero equity value in four to five years, which is clearly not the case so i think a little bit of a change in the narrative, perhaps a better ad change in the fourth quarter. better measurement, starting to get more c plus sevens into the ratings good for tv. maybe we'll see the at&t and

warner deal work some kind of change in the narrative would get people to, again, do what they do professionally, which is value the cash flows and for some of the companies, they are undervalued. >> in terms of the undervalued, off neutral on disney, you have a neutral on 21st century fox, so which ones are buys and which ones are undervalued or is disney undervalued but you still wouldn't buy it? >> well, i think that the math on the cash flows for much of the tv sector would say that you could like them. in my mind, i want something that has something else in it. so cbs in my mind is the best position against a lot of the secular concerns with the court tv business. they pivoted better to a direct online service they are getting more subscription in their revenue stream faster as a percentage of revenues than the others, but they also could be a takeout candidate if the at&t/verizon deal works they are an impactful set of

content that could be a great buy for the telecom company. so in my mind, nobody is going to buy fox from the murdochs disney is huge and hard to afford netflix doesn't help you support dividend and cap-x, but cbs is impactful content and could be bought >> so you just mentioned one and you anticipated my question, you said earlier you look for further consolidation that could help for m&a, that could help, are there other hook-ups that you see as making sense? and who would be the buyers and with would be the acquired >> look, i think that over a long period of time, there's going to be a lot more consolidation. i think that generationally, people are going to be focusing on three to five bundles at maybe 20 to 40 bucks a month to fit into the budget they currently put in for traditional tv and i think a lot of these will be attached to the

cables/wireless complexes that will be merging. some could be tied to amazon or facebook and some of them might be independent brands like disney but i think you will see this smashing together content pipes into new kind of bundles, and that is where we are going generationally >> barton, great to have you, thanks to the bond market and rick santelli tracking the information at the cme in chicago. >> good afternoon. looking at the intraday tens, it dropped in yield right after the less-than-aggressive cpi came out in the context of yesterday's ppi. here we are unchanged on the year, 2015, not 2016 we closeded a 2.27 in 2015 last week we are thinking 94, now we are thinking, can we hold 93 next chart, interesting, we are looking at what is going on between the euro and the u.k look at the euro versus the pound. the euro is going through the

episode coming down, but let's not lose sight of the real issue, we'll go back to june of 2016, the month of the brexit vote the euro versus the pound is still much higher in the broader context. brian sullivan, back to you. congrats to your cubbies, rick thank you very much. somebody said the short-sell is a bloodline because netflix continues to simply crush them the stock passing $200 for the first time ever. jpmorgan is raising their target on the stock today netflix is at 60% this year. also, three more top tech bets for your portfolio and three other stocks you may need to be a daredevil to own you'll be really surprised in one of them. stick around

anything worth pursuing hard work and a plan. at baird, we approach your wealth management strategy the same way to create a financial plan built to last from generation to generation. we'll listen. we'll talk. we'll plan. baird. netflix hitting a major milestone crossing $200 for the first time ever, thanks to two big calls on the street ahead of earnings next week

joining me now to breakdown what to expect from netflix, mark tehaney. mark, you're already at $210, incredible what do you think is behind the recent surge the price increase and lack of evidence that we're seeing a drop off in subscribers because of it? lack of evidence of subscribers because of it? >> yeah, we don't know of the subscribers impact yet they don't go into effect until sometimes in november. >> mark, apologize president trump is speaking moments ago, lets take a listen. >> look at the stocks, look at where they are, they are going through the roof from past i don't know about today the insurance companies have made a fortune that money is a subsidy and a payoff to insurance companies and what we have to do is come up with great healthcare that's what i did partially yesterday, that's going to cover a big segment. for the rest, we have to come up

with whether it is going to be block grants or something else if the democrats were smart, what they do is come and negotiate something where people can roger goodell geally get th healthcare they deserve being citizens of great guys >> why not strap it all together now, you threatened to do so but why not end it now >> we'll see what happens over the next short period of time. i can do that instantaneously. >> do you think congress will do it >> we just took care of a big chunk and now we'll take care of another chunk. what would be nice if the democratic leaders could come out of the white house and negotiate some field that's good for everybody. that's what i like there is always a block road against everything if they came over, maybe we can make a deal but the subsidy is

really a subsidy for the insurance company. that's not going to people that's making insurance companies rise >> well, i may do that the deal is terrible what we have done is through the certification process, we'll have congress take a look at it and i may very well do that. i like the two-step process better john [ inaudible question ] >> you got a great support >> is that a way to put pressure on democrats, look, if they don't do this -- >> well, they lost a big chunk that's a big chunk and it is popular. you will have millions and millions of people signing up under that you could say, i mean i am not doing it consciously, i will say this, john, i will say the democrats should come to me and i will even go to them because i

am only interested in one thing is great healthcare on this country. that was a big chunk as far as subsidies is concerned, i don't want to mistake the insurance companies rich if you look at stock prices over the last number of years, take a look at what's happening over the insurance companies, they're making a fortune by getting that kind of money. we'll see what happens with iran we are unhappy with iran they have not treated us with the kind of respect they should be treating. they should have thank barack obama for making that deal they were gone and economic gone he infused 100 to $150 billion into their economy he gave them $1.7 billion in cash and they should be thank you president obama, they did not say that >> on opioid, your wife is with

you, she's been talking about the opioid crisis, you said you will declare the national emergency two months ago, what's talki ta taking the wait? >> it is a big statement, we'll be doing that, my wife, melania, right here finds that subject to be of such vital importance and she's very much involved and you know she's on the committee and really wants to be involved in that process >> have you spoken with theresa may and emanuel macron with the iranian deal >> yes >> iran is spending money in various countries and i have said it and i say to them, don't do anything, and don't worry about it take all the money you can get they're all friends of mine. actually, emanuel followed up and talked to me and i said look, they just gave a lot of

money. take their money and enjoy yourselves but we'll see what happens. iran has to be haf muhave diffey >> you promised you will help people struggling the csr payment looks like will hurt a lot of people. >> that goes to insurance companies. that money is going to insurance companies to lift up their stock price and that's not what.

we have to do something with all the money that's invested and mostly prooivate. the government is going to have to come before the money the government is going to want security to come up with the money. the puerto ricans have tremendous spirit and when i was there and looked at what they had to go through, they had a lot of problems. we'll help them straighten it out. >> on north korea, sir >> where are you on north korea? what's next on north korea >> we'll see what happens, we are totally prepared for numerous things. we are going to see what happens with north korea i will say look, if something can happen where we'll negotiate, i am always open to that if it is going to be something other than negotiation believe me, we are ready more so

than ever. >> the president is wrapping up with some q&a with the press there. he follow up with some of the conversations about de-certification of iran based on what he sees violation of the spirit of iran nuclear deal. he talks substantially about his decision yesterday to end some of the subsidies in the obamacare program that he maintains go and go into insurance companies to bring down premiums for low income individuals. he made the point that look at the stock prices of those companies, brian, and indeed, it was exactly why insurance companies like obamacare in the first place because they were going to receive some subsidies. >> quickly before we go, let me give you guys the number the president says subsidies for insurers, since obamacare was passed here are your gains

they are rough because i went through the number quickly aetna at 350%, united health, 450% cigna of 415%. and the dow of 110%. >> the president is wrapping up there, we'll take a quick break and go back and check enwiin wi eammon javers at the white house. mom, i just saved a lot of money on my car insurance by switching to geico. i should take a closer look at geico... you know, geico can help you save money

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welcome back to "power lunch. president trump speaking moment ago about iran as well as his efforts in dismantling obamacare. lets bring in eammon javers at the white house. >> reporter: those payments go to insurance companies to subsidize health insurance for low income customers if oba the trump administrations talked about it privately at the white house now. those payments going to insurance companies are making enormous profits and could eat the cost of those low income

insurance program. the point i want to make at the white house is note that they're cutting payment subsidies to wealthy insurance companies. the politics is different. that's why you heard the president making that point as he's about to get on marine one, it ises the fir the first time h president making that point. brian, you are reading some of those stock prices, i heard officials here at the white house, name those companies individually but there are a list of companies benefited from this you did not hear it from the president of the level of spes ci specificity. they don't want to get blamed for cutting something for people >> people don't realize that when ever you think of insurance companies or obamacare of love it or hate, there is a lot of passion around it. what the president says is

accurate, the insurance companies tripled the pe performance of the market since obamacare passed >> reporter: he wanted to talk about the donations that those insurance companies and executives have been given and checks who they have donating to is not donald trump. he's making a partisan political point here as well as a specific business point about the profits of some of these companies are making >> it is interesting eammon that the president is attacking insurance companies and other businesses, there were a lot of concerns in the prior administration when mr. obama would single out various industries and businesses. he was accused of being antibusiness and waging a war on business >> reporter: yeah, this president has been as aggressive towards individual companies and sectors as we have seen any

president being in my lifetime including president obama and yet, he does not get the kind of political blow back as president obama. >> it is right out of the popular play book. that's where it comes from with him. it came out of a different kind of play book with mr. obama. this is straight out of the pocketbook >> reporter: this is a president who insults people as a political tactic he called people by derogatory in this case na nick names and that blends in of the approach that this government which is belittleing and that's been effective to this president that's how he got the presidency and you are seeing that happening to specific industries as well which is a little uncomfortable for the people who are in those industries.

eammon, thank you so much. lets continue our conversation with hughes hewwit and john kla clane. as you look at the president, he seems to got movement out of the national football league it looks like it is a good week for him. >> it has been and in fact, there is no other way to describe it. they'll not be kneeling during the national anthem. i think he's right to attack the insurance companies. those are unconstitutional unilateral of unappropriated

money. it is good for the president to end them it is good for him to end the iran deal. the bad part of the week when he attacked the first amendment if he missed that, you cannot license broadcast based on their contents and ron and i will agree on that. i think he had a good week in john kelly's press conference yesterday. that was the best 15 minutes in the white house. >> we were talking about that very point yesterday where mr. general kelly came across fully in command ron, why don't you give us your wrap up of the week. let me come at the removal of the health insurance subsidies, i am not qualified to say whether it is constitutional or not, but it seems to me that in doing so the president has repeatedly said i am going to take these actions and then watch what happens and the democrats are going to come to me on their knees begging to negotiate. i don't see it that way. ron. i see it as the democrats

picking up this kind of action and using it next year in the midterm. >> look, with the action president trump, a million people will lose their insurance next year and most americans buying their insurance through the marketplace and their deficits will go up. as a political matter, what happens here in the past 24 hours is donald trump has taken over the healthcare system it is now trump care he's gotten rid of the protection for people to get good healthcare plans. he raised premiums and thrown people off their insurance and so we saw what happens when president clinton went down this path in '93 and president obama had success of obamacare but of political disaster in 2010 i think this is going to be a political disaster >> how can iran done what he does so very, very well and that's frame the issue as

subsidies to rich insurance companies that are already rolling in >> i don't think so. i think given the fact that with the other hand, he's fighting for a tax cuts of the same insurance companies, this phony populari popularism, he does not do it. he talks a good game and gets them what they want and this is another example of that. he's taking little bit of the company, the people are going to suffer are large trump voters. a lot of those people will lose insurance because of this and they're not happy of the rhetoric that comes next year. >> hugh , we are looking at the president gone after amazon and other things, he's turning out to be a good democratic, is he >> i have to tune in "power lunch" to learn stuff, i am supposed to know things like the

insurance companies out pacing the market by 3% i must say that's a hell of a talking point. these subsidies are direct transfer post-ga transfer payments to the insurance company to receive them that's all i am about. y congress cut this off, if congress wants it back, they have to go down the 1600 pennsylvania, i believe i heard the president says he will go and sit down with them and work out a deal there is so many moving parts between daca and border security and tax that he's doing that if chuck schumer would get off and nancy pelosi would wake up long enough to realize it, that's a big deal to be had here. >> ron, last question here, i understand a lot of people dislike the president and i am saying that, a lot of people cannot stand him but as a democrat, is there anything that's done that you support,

some democrats i know come up quietly whispering, you know i like this. he's going after this. is there anything that you can get on board with? >> first of all, he has done two deals with the democrats, he seems like he's breaking the one on daca but if he sticks with the deal with daca with schumer and pelosi, that should be a good deal. they fixed the budget and debt ceiling and great deal with schumer and pelosi there is opportunity for bipartisan work. but, we'll have to go both ways. >> ron, you were chief of staff to joe biden and al gore >> neither of them have said they will. that's still a long way, we'll have to see. thank you. >> ron klain and hugh hewwit >> boeing issued a statement

"we continue to follow the u.s. government's lead in all our dealings with eye proved iran n iranian. oil prices are up but only about 1% after president trump's tough iran speech. here is what i don't understand, the president comes out and goes after iran hard and new sanctions and de-certifications and oil is up 1% >> the deal is not dead yet. it is scheduled for execution but it is not dead yet i think there is some skepticism in the market. how much would that matter for price? what are they exporting? four millions? >> it will come down to whether the sanctions come back first of

all, and whether the u.s. wants to bully foreign refineries and companies from investing in iran >> so bullying meaning bullying the ones operating over seas so they can exerting more pressure? >> like we did in 2012 and putting pressure on corporate not to invest in iran. essential will i sayily saying o business in iran or the united states >> we have breaking news from jackie deangelis >> the ipo is on track what's under review is whether or not the list on the saudi's market that continues to be apart of a conversation again, reiterating the fact that the ipo is on tract. >> it is on tract but it was originally expected to be in

2018, correct, jackie? >> that's correct. >> so a 2019 move even if it sells shares of the mark, that's still a delay of the ipo >> that's correct. >> i think certainly shthey woud have loved to got it done. and they have to segregate that for the listing. this is a complicated -- i am not surprised it is potentially being delayed. >> are you shock of how wide the estimation would be, their own estimates of around 2 trillions. >> i think what's important to remember is who gave the $2 trillion number that's part of the problem is, they have to back into that. so they never came out and said

$2 trillion. >> tare the saudis happy of what the president have did >> they are thrilled there is no daylight between the u.s. position and israeli position >> who would have thought that brings everyone together >> on a simple level you look at the region and you think, okay, iran and saudi arabia and they're all in opec together and they have the joint interest on the economic side. the oil side we don't realize it and i didn't realize traveling there how split they are politically >> of course >> it is incredible and you wonder when that's going to start to impact. >> religiously >> there is a big regional rivalry. we are in the kill zone of an iran ballistic missile from there perspective, they would be the target at any iranian aggression >> why >> you go back to the historic

divide, we have seen it play out in the iranian war the saudis are saying, they support yemen, who are firing ballistic missiles in saudi arabia this is a cold war, when does it become a hot war >> i don't know what we'll do without your analysis, brilliant as always. >> thank you >> here is what's coming up at power. following the breach of equifax, we'll talk to him straight ahead. the new tech saavy is coming and what that could mean a company that wants to change how we go to the movies, all that and much more is coming up on "power lunch.

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the massive data breach of equifax forcing congress overalling business at credit bureau, joining us is patrick mchenry, he's introducing a bill that would requires credit bureau using social security >> i am sure you thought of the alternatives to security numbers, what would it be and what do science say in terms of how much reliable they would be verses social security numbers >> you got a whole variety of

methods. you can use different opportunities and we leave it up to the industry to decide what those things are the day and age of us using social security numbers in the hands of consumer credit bureaus should end most americans have never heard of we want to make sure it is protected and consumers don't have to continue these bad breaches what's the perception of this bill from your colleagues? >> well, a little confirmation from equifax obviously sound policies and a step in the right direction. consumer credit bureaus don't have an on-site cyber security examination on regular basis or any basis by federal or state and local of federal government

agencies we changed that and i think it is a necessary and proper step >> do you think something should go further for congress when i appreciate the fact that you see these are things that are doable that they are within sort of the constructs of the way the industry exists now. do there needs to be changes of the way this industry operates in that you and i have data in this company with all these three companies, we have no say and how companies use data and how they profits off of the data and how it is secured. >> well, first thing, part of violations, we should not have to pay these bureaus to protect our data which is part of their current business models. my bill says they cannot charge you for a credit freeze. i would say currently due. i think there is a larger question of the usefulness of

the three credit reporting agencies the impact they have on consumers and data they use and how they collect their data. that's a larger question and the short run of my legislation will protect consumers and make the system more resilience and protect us that's the first step. >> you mentioned something that comes to mind for me and that's how these companies collect the data they are getting the data from other companies that i do business with, whether it is a landlord whoseapplications ifill out i fill out or bank or autolease or whatever where they maybe asking my social security num r numbers so the tenntacles of this go vees very far. >> our legislation go to that. this is why it is more wide

ranging in effect on those that douse lending a-- those that cos data there is no provision of federal law that permits that. this measure says they should not be collecting our social security numbers and making it easy for global cyber hackers to take our information and through these breaches >> i am curious of what is the argument that you are hearing from the three credit bureaus, equifax and trans union and what's yotheir arguments? >> you are using my information and profiting off of me with my information. lets just stop that. that's one and two, lets not make it so easy that when you get hacked all or two-thirds of

the american people have the consequences and so, look, they got pushed back and we'll push through this my legislation is measured and we got other members of congress and other policymakers that are looking much more deeper of business model of a reason of existence. >> congressman, patrick henry, thank you for joining us >> more on dimon, we'll bring it to you coming up people don't invest in stocks and bonds.

they don't invest in alternatives or municipal strategies. what people really invest in is what they hope to get out of life. but helping them get there means you can't approach investing from just one point of view. because it's only when you collaborate and cross-pollinate many points of view that something wonderful can happen. those people might just get what they want out of life. or they could get even more.

right in the heart of the was in his financial crisis, and saw his portfolio drop by double digits. it really scared him out of the markets. his advisor ran the numbers and showed that he wouldn't be able to retire until he was 68. the client realized, "i need to get back into the markets- i need to get back on track with my plan." the financial advisor was able to work with this client. he's now on track to retire when he's 65.

having someone coach you through it is really the value of a financial advisor. jaime dimon is going back to his words. he spoke the last hour of more harsh words. i can careless of bit coin technology was a good technology it will be used for a lot of things god bless block change we don't do it in cash, it is

done dames point bridge igitally it will still be a dollar crypto currency >> i don't personally understand the value of something that has no guide y'all can do whatever you want, i don't care i can careless of what bit coin is trade for, how it is trade and if you are stupid enough to trade it, you will buy it one day. >> it is an index of money laundering, these guys are really anti to crypto policy. that is country that loved trading currencies in the past and a lot of japanese housewives trading currencies and they're the ones trading bit coin.

i know that can be used for money laundering that actually happened in the course >> apparently the alleged creator of the bit coin, whatever his name, the japanese guy got an anagram i guess some of the issues that e wi is it can be used for money laundering >> human trafficking >> things that are off the books. >> president trump announcing in the past hour that he would move to de-certify the nuclear deal with iran. lets get reactions to the president's decision from iran, ali arouzi is joining us now >> reporter: hi there, folks across the board are very no

nervous, it is making people here in iran very, very nervous. >> there is an overwhelming sense of anxious and anticipation it is not just among establishments but ordinary iranians thought they're going to see the fruit of the nuclear deal there is a lot of tough talks coming out of iran in anticipation of the president's speech the powerful head of iran parliament was speaking in moscow today, if america pulls out the deal would be an embarrassment to the u.n in recent dates, the guards who came on a lot of scrutiny on president trump's speech who are also firing off. they say if america designates the terrorist organization i implodes more sanctions, they should move out of the range of the missiles a senior revolution, says iran has buried many like trump in the past and they know how to fight against america.

the hard line is in iran and digging in right now which is silencing and moderates and iran and is giving full force to very hard line elements in iran that think the deal is never negotiated in the first place. i can tell you that president trump tried to amend the deal that's negotiated. iran is not going to ren re-negotiate anything. this deal is not re-negotiatable and iran's missile program is not up for discussion and influences in the region and syria and iraq and beyond is not up for negotiations. this is something iran and america is up for a collision course we are taking a step in the unknown here there could be some very, very negative consequences going

forward if this deal falls apart. ultimately, iran will probably put out of this deal, ramp up its nuclear program and we'll be in a situation arguably worse than we were before the nuclear deal i don't see this bringing much stability to the region. >> thank you very much, we appreciate you reporting live from teheran lets look beyond the rhetoric that was described heating up dramatically with iran what is it like to do business there? christopher schroder have traveled to iran there schroder, welcome, it is good to have you with us when was the last time you were in iran and was it post agreement and if not, what are you hearing from iran about how the lifting of sanctions and the cash and capitol flow that the president highlighted in his remarks, how have those things changed? yeah, great to be with you

i was there last in 2015 which was on the second trip and again, because of the rules of that time, i was not allowed to advise anyone, i was there to see the country and learn about it i spent a tremendous amount of time with the remarkable collection with young entrepreneurs and tech generations that are enthusiastic of america. they are enthusiastic of this deal and looking for due opportunities before them. as you can imagine like everything just reported on, there is tremendous disappointment that any intentions would be added to the dynamic right now. this is a highly educated population, very enterprising population and knows business well and eager to do business, how would the reen position of u.s. sanctions crippling the economy. prior to this deal, the position of sanctions have brought the economy of iran really to its

knees, did you see that in. >> yethere is no question of sanctions but nailing down of the banking capacity and the ability move money that was very impressive upon the economy. look, the young entrepreneur of the end of the day are figuring out ways to work around things and it is always a definition of entrepreneurs of 60% or 70% are all under the age of 35 and they're all on twitter and facebook and on snap chat. they are seeing the world. it is not so much they right lane worried of being crushed because of america's engagement out there. it is about america missing the opportunity to participate n with this generation who has amazing connectivity wloity whon waiting for this >> is facebook banned in iran? how much access do they have legally and how much access do they have in practice? >> in practice, almost everyone has access to vpm.

i would look at their start p l pages, it was snapped or facebook or twitter, i have government officials offering me vpm. the world was moving at such a pace that people have to get real about what kinds of opportunities were out there to emphasize something that i said before which is important the rest of the world is there the largest ecommerce now in iran is a company that's worth $300 million it was valued of nearly a billion dollar the uber of that country is a company that's worth $200 million that just got bought by south african companies. the chinese are all over there looking for opportunities. at one level, the youths are disappointed that we are not there. >> chris, i think most of our viewers are smart enough to understand that the people of the nation are not the government of the nation the people of iran, they want

peace, they want western ideas, it is the government we get that. how do we do business with a nation who even of a tiny portion of the population is out there burning and shouting death to america and death to israel >> the view of people shouting at us and having these kinds of protests are focused on videos, i saw none of it the opposite of it, almost where i went i was greeted on the streets random from young people to elderly people who spoke enthusiastically about america >> again, the nuclear deal must be assessed on the deal itself and a nuclear arm. all i am under scoring at the same time in parallel, there is this remarkable business climate that's evolving with the young generations that are receptive to us and looking at the rest of the world if we decide not to

engage >> chris, thank you very much for your insights, we appreciate it, chris schroder >> thank you >> a year of box office and theaters change. they got the right idea to get you back to the movie theaters the theaters are not so convinced. >> we'plus, walmart is doing something it is not done in ten years, tyler >> what is that? >> stay tuned. >> are you going to tell us what it is after the break? icaro-nus.te stk ound after the break

hello everyone, i am sue herrera. here is your cnbc update smoke in north california. people are wearing masks as they step outside while numerous schools have been closed a michigan judge denies the request of doctor nassar's trial will go on as scheduled on

december 14th. he's been charged with sexually assault. brown university is not happy that the -- the website moments in time is selling the document, they denied the charges. the u.s. men soccer coach has resigned, this after he failed to qualify for the world cup in decades by losing to trinid trinidad 2-1. a major setback for the men's soccer program >> that's the news update at this hour, i will send it back to you guys. >> bruce arena resigned the moment it ended. >> he was one of the most successful coaches >> it was a terrible night, they only needed a tie. >> against trinidad and tobagle.

>> who were not in contention for the cup at all >> no. i get worked up. >> me, too >> thank you you got it >> the oil market is closing for the day. lets go to jackie deangelis. >> don't get all worked up crude oil is a little high today. coming off of sessions high, 5172 a couple of data points here, opec and eia is raising demand in forecast. >> today baker -- the problem though according to the bears a week or two encouraging is not enough closing price today is $50.54 cent that was a 4% gain on the weak >> thank you, jackie deangelis

we'll ask him how to get people back out to the movies we'll ask him how straight ahead on "power lunch.

the box office is running 5% low last year. >> what does it take to turn us around >> julia boorstin is here with us >> reporter: it has dragged down by 2049 and a third less projected last weekend there is four movies opening this weekend, "death day" grossed of $1 million last night and it is on track to top the weekend with as much as $20 million. >> movies expected to come in second, a u.s. china corporate production, it grossed $88 million over seas. the next is disney's "thor" and disney's "jedi" in december. >> all is expected to be huge.

theater stocks need that boost cinemark's shares are down about 8% the question is how long the expected will turn around. red bush projected in the box office declined at 6%, that's a tough comparison back over to you >> julia, thank you. a solution to movie box office, it is called movie pass. what this does though for ten bucks a month is you can go see as many movies as you like with some caveats joining us now is movie pass ceo and former netflix exec, for ten bucks, i can go see one movie a day everyday for the rest of my life >> that's right. >> if you have time to do that, your card is good. >> here is what i don't understand amc, one o f the biggest movie

chains does not like you >> not exactly >> have you made some kind of a deal with them how in the world can i get in a place like this that does not want me in i cannot go to a jets game with a giants ticket, they must have said okay. >> am i breaking into the theater? >> what you get is a mastercard. we pay the bill and full price to amc, so when couple up to an amc, you are just like a regular customer >> if they are getting the same, why did they dislike you >> i like him. >> our customers go to amc twice as often after becoming a movie pass subscriber. >> what's their beef with you? >> they're going to launch their own subscription program sometimes later this year. >> no one likes competition. >> how do you make money on this the idea is sort of a health club or me with netflix, i pay

my netflix every month and i don't watch it ever. i don't know -- they still collected their 120 bucks a year from me. >> there is some similarities. we are not in the gym membership type business, we want you to go a lot to the movies. the whole reason we launch this $9.95. >> don't you lose money if you go more. >> what we are doing now is we are putting our money where our mouth is and proving that we can reenergyize the movie business and getting millennials back in the theaters and buying more margin concessions >> you don't get a slice >> you will but you won't now >> we are on our subscriber's behalf are buying one and every

50 movie tickets in the united states when we buy those tickets, our subscribers want to take recommendations, we want to send them to our partner theaters >> i like thoughtful and intelligent drama. melissa likes the likes lady swd fighting stuff, tyler only watches -- like "16 candles". >> the only ones now have talking animals in them. >> how much of this is about the da data, knowing tyler, melissa, man me >> a huge amount is the data, the whole system is broken in the movie theater business imagine, warner brothers does not know who saw always previous "batmen. have to spend $150 million -- >> that's why mathisen, the data analytics firm, actually just made a -- took a stake in your company. >> that's right. >> in terms of -- in terms -- you were just saying 1 in 50, right, already buy the tickets.

>> yeah. >> isn't the key to revitalizing the box office getting to people who have stopped going to the box office how do you get those people in >> yeah, the people who are most attracted to the service are those people who now only go three to six times a year. when they join movie pass, they go twice as often. it's mill len yeennials who have different devices and other ways to watch movies. >> these millennials. >> what thats, they see a movie coming out like "king the kingsman," they go, i'll wait until it comes out on netflix or cable. >> that's. what i do. >> what movie pass really is is movie insurance. i can go see the risky movies i might have waited for. >> that you don't want to pay for. >> right. >> thanks. walmart for the win, stock up nearly 10% in the week. are there, is there still time to get in? we'll ask to top traders straight ahead on "trading

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anybody this, walmart is up 9% this week, add the $21 billion in value half of target eddie is with adviser shares, craig johnson with piper jeffrey. eddie, where in the heck did this record walmart run come from, $21 billion in 5 days? >> it's amazing. pi walmart sent a lot, have their sights set on amazon few quick bullet points, one, they expect 40% online sales growth even after the surge the dividend yield is higher than the ten year treasury. also they're bridging in new people with their curbside pick -- grocery pickup people have never been to a walmart before, and then lastly, i think best, $20 billion share buyback, this is a great story i don't think it's over yet. >> yeah, amazing craig johnson, here's the dirty secret, though, we're still not back to the highs of 2015, but we're getting there. will we? is the chart strong? >> brian, absolutely i think we will get there. there's no question the street got caught flat footed on this

one, up. 10% in the week. look at this short of term consolidation we've seen here, the next high is back to the old highs, about 91. 5% higher. lot of momentum. not as overbought as we were in '13 and '14. it's going to get there. i would trim a little off the table at that point. >> stocks gained 53% in two years. craig johnson, eddy, thank you for more "trading nation" go to tradingnation.cnbc.com or something like that. google it. now a word from our sponsor. >> place a trailing stop order we your target price has been reached. a trailing stop order is an order type that automatically moves your stop loss higher as a stock moves up but when the stock starts moving down, the ght nst e remai ath hieslevel it was dragged to, keeping you in control of your trade.

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check please. >> all right, guys, wrapping up, my "check please" is this. since the it will be the four biggest cities america represented, l.a., chicago, new york, houston, population wise, that's got to be a ratings bonanza. >> absolutely. >> i hadn't realized that physical you ju you you mentioned it. >> was pulling for the nats last night, washington is my hometown. >> springsteen is the new hamilton, folks, show on broadway getting very, very good reviews this morning in "the new york times." the show, the run is sold out.

i think it goes until january. the price per ticket is something like about 8 bitcoin no, about 1,000 bucks. if you have bitcoin, maybe you'd do best. >> recipe for success on broadway thanks so much for watching "power lunch." >> you know what starts right now? >> what, tyler >> "closing bell" starts right now. have a great weekend, everybody. see you monday hi, everybody, yes, welcome to "the closing bell," i'm kelly evans at the new york stock exchange. >> i'm mike santoli in for bill griffeth good to finish up the week with you. >> full-ing on two hours. >> lots of energy. >> double my usual work. >> now that we have new berg, him and new -- anyway. he's going to -- >> i think he'll remind you who he is later. wells fargo, today, getting hit on concerns over lope growan grn