thank you very much. we've got a dow rally. it is up 231 points. huge earnings. you have apple out after the bell you have will amazon, the coronavirus, a lot going on. that's it for us on the exchange power lunch will pick up all that coverage, starting right now. thank you, everybody here's what's new at 2:00. the market taking on a triple threat this week with the coronavirus spreading rapidly. the election ramping up and tech earnings kicking off is it safe to buy stocks is this the moment when you should get in? plus the name everybody will be watching that's apple it operates, of course, in the thick of china we'll tell you what wall street is waiting to hear about 17% of apple sales take place in china. the profit is back marcus will join us for the full hour as "power lunch" starts

right now with a special guest >> hi, everyone. welcome to power lunch let's take a look at the markets. the stocks snapping back up triple digits after the 400 plus points sell-off. consumer confidence coming in much better than expected. that's one major reason why you are seeing green across this market despite that rally, there are two notable downers in the dow 3m and pfizer both hitting the skids. down 4%. 3m down 5% after the disappointing earnings for more, let's go to the new york stock exchange. despite everything going on in the world, it is still ball those earnings >> yeah. we're right next to the highs of the day. up 250 points for the dow. those coronavirus fears haven't gone away. with earnings scenic gathering pace, the focus has shifted to

profits. you mentioned the negative prices take a look. a big beat on this bottom line lockheed martin from the defense side, a strong beat on its top and bottom line. demand for its missiles. it raises the 2020 guidance with satisfies expected to rise to $63.5 billion this year. and apple recouping some of its losses from yesterday. up 2%. technology, the whole sector is leading the market at this hour. last year the market really rested on this strong consumer narrative. today we'll start to get a read on the u.s. consumer reports from starbucks and ebay. and speaking of the consumer whirl pool, a report he last night, the earnings called and the company is talking about how it is seeing higher profits. the largest market and it continues to raise prices on select goods the stock up 5.7%. that's the best performing stock on the s&p 500 >> all right thank you. the markets meantime shaging all fears of the spreading coronavirus despite a big spike

in the number of confirmed cases. there are now some 4686 confirmed cases. double what there were at this time a day ago 106 deaths now from the disease and now the white house is considering travel restrictions on chinese citizens coming to the united states. the cdc says travelers should avoid all nonessential travel now to china >> reporter: thank you president xi jinping has described the coronavirus as a devil that beijing is confident it will be able to slay. he made those comments to the world health organization chief who he met here in beijing now, this dramatic increase in numbers appears to have motivated beijing to step up it's efforts to prepare for a larger number of patients. local media has been reporting that beijing i know what the central chinese city have joined

wuhan, the epicenter of the outbreak in building pre fabricated hospitals so this hospital which is a base for on the manufacturer of products for a u.s. tech companies, such as apple, that hospital is expected to be completed in ten days. a lot of companies are confused about what to do next. ford said today that they are planning to extend their closure of their offices to february 2nd but possibly will extend to february 10th. a lot of other companies, especially in chinese tech have said the same. it seems as though that february 10th for now is a date that most companies believe they will have to stay closed

that date could very well end up being a much, much later >> reporting live from beijing >> we've got a quick news alert. the comingal budget office is now releasing some new data. they see gdp expanding 2.2% in 2020 but later in the decade as the u.s. population ages and the labor force grows more slowly, that growth will moderate to 1.7% it is expected that it will rebound as boeing resumes deliveries of its 737 max. that's a big if. >> i want your reaction. growth of 2.2% you run a lot of businesses including a very large one in

the camping world. growth of 2.2ers and a deficit of over $1 trillion. is that good enough for you as a business owner and manager the growth is good enough if we keep it under control and we understand where the growth will come from. i have to imagine that 2.2 is a result of certain things being down significantly and other things being up. the quay they're shopping very different. >> does a little inflation help you? it gives you cover to raise prices >> no. i don't think so this notion that you can just raise prices and pass it is on to the consumer is a bit of a misnomer if we do that, we'll lose consumers. they'll keep their money until prices come down >> he's with us for all our conversations. the market is rebounding from yesterday's big plunge but we might not be out of the woods just yet are we ever really there are three major fears

making wall street shake on this day. from the coronavirus spreading across the globe, the possibility that this week's big tech earnings might be a dispartly sunny, we have apple, microsoft and others, and we're less than a week away from the iowa caucus as the race to the white house is heating up and bernie sanders is gaining steam. folks, welcome good to have you here. >> it says in my notes, lots of times your clients asking but the election and its potential impact on the economy and the markets. >> they are absolutely asking about it and we're telling them to separate out the economy and the flarkts the elections. >> what will matter is the candidates going pro business or not. we want to see candidates pro

business the markets likes candidates that are pro business. right now, we're in the middle of the election cycle where the primaries are coming up in the next couple weeks. i think we don't have too much to worry about until we see who that person will be. >> i guess it's fairly easy for me to interpret who we're talking about here in terms of pro business candidates. people who are pro business and people are less. let me turn to michael and see if you see it the same way are your customers, your clients, is the discussion in your shop about the election, and whether a pro or less pro business candidate might win and what effect would have on the market >> yeah. we are having these discussions a lot. certainly we don't have a lot of really good history to go on

there's potential that you could have the candidates quite wide apart in terms of their preferred policies one of the narratives, it was weighing on business investment. i think that could persist into this year given the policy uncertainty could be taking the place of trade policy uncertainty. >> let's be realistic. there is a lot of uncertainty whether capitalism will get done we like the say they're not pro business let's say, they're not as much of a capitalist. i'm thinking about the economy overall. i'm a strong believer, the absence of capitalism and the presence of whatever the opposite thing is, is not good for any part of our economy.

to say they're only talking or hearing about it a little bit feels not disingenuous but slightly inaccurate. >> i'm hearing about it on a daily basis. and i agree. the market's basic economy has worked for the u.s we're going to have to see who the nominees are certainly on the democratic side before we really decide how much of an impact this will be on the outlook. we see it has been weak. apparently businesses aren't viewing this as existential. >> there's a lot that can happen between now and november certainly the white house feels if it can keep the economy firing on all cylinders, then voting will go in its favor. >> i wouldn't want to be the one to reflect on the outcome of the political situation. i would say the consumer is still in it.

the market is a reflection of what's going on in the business and what is underlying in profit margins, earnings, growth, things like that that's what we look at in terms of tax laws in 2017, very favorable to corporations and other things that have come out of this administration have definitely been favorable for the economy. >> and we will surely hear more about that potential middle class tax cut before the year is out even if we don't see anything happening in 2020 what is your thought on how much that could mean for middle america? and what would that do to the defic deficit? especially now that we learn we'll be topping $1 trillion >> our best guess in washington, it will be hard to get a tax cut. any fiscal action this year. if we did have one, that would be support to spending growth as it was after the 2017 tax cut. it would also widen the deficit.

in the piece you mentioned leading into this is already around $1 trillion we really need more investment and the supply side to grow. >> i'm concerned that this idea that we have a growing deficit and we're potentially at rick for a capitalistic environment to go away i don't know how that doesn't make the investment even worse we're talking about the gdp having slower growth, now we're talking about potential candidates that maybe aren't as business friendly. more social program friendly which costs money. >> someone has to pay for it so that becomes, at that point, potentially very worrisome for the economy. thank you. great to have you here always nice to see you as well let's get to julia can

boorstin >> facebook unveiling details of its indiaependent oversight boad the board in a 46-page document sharing its bylaws including anyone who disagrees with facebook's decision to take down their content will have 15 days to submit a p.o. and cases are expected to be ruled and acted upon within 90 days, though cases can be expedited. the board also naming its first director, thomas hughes. he ran a nonprofit focused on free expression. they're putting together the rest of the board which will be come pricesed of international folks from around the world and they expect to start here in some cases this summer back over to you >> thank you very much julia boorstin coming up, a huge spike in the number of coronavirus cases just since yesterday. china literally screening drivers in cars. what does that do? how will that work

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i think we're going to have outbreaks in the u.s we need to start preparing for that that doesn't mean we'll have an epidemic here. we need a diagnostic right now the tests requires samples to be sent off it takes a number of days to get the results back you need a diagnostic that allows you to screen people out quickly and if people have the infection, isolate them. >> that was the former fda commissioner dr. scott gottlieb earlier talking about his biggest worry about the coronavirus here in the u.s. with cases fighting over 4,500 if mainland china, how worried should we be about the virus spreading and how soon can a vaccine be ready an infectious disease specialist joins us here onset. thank you for joining us so johnson and johnson's chief scientists said yesterday, they started work a vaccine two weeks

ago. when should we expect it to be ready? >> sometimes vaccines can take weeks to months until they're ready. even with the h1n1, we had the vaccine but we didn't know until weeks or months later if it was effective. >> are you of the same view that the diagnostic issue is a point of friction that needs to be solved and can be solved in short order? >> right so currently for diagnosis, samples, blood samples as well as respiratory have to be sent to the cdc so it is not a quick diagnostic turn around if we could have a ram i had test for the flu and other viruses, it would help immensely. >> it sounds great in theory but how feasible is it >> since it is a novel virus, we have to develop a way to test that quickly and with the accuracy and efficacy to get the accurate results >> do surgical masks protect

you? >> not exactly the main thing is washing your hands frequently, avoiding contact with areas and sick people where you know they have the virus. the masks can help but they're not fool proof measure by any means. >> the white house stopped short of declaring a public health emergency this morning was that the right call? >> yes i don't believe it is time to panic. at least here in the u.s we have five cases but they're all isolated and on u.s. soil, there hasn't been any human to human spread >> the loss of lives is terrible and getting that you understand control i worry about the domino effect this could have in china. as we think that manufacturing here in the u.s. and how many companies rely on that level of manufacturing to support the supply chain here, if things are shut down, people aren't working. if people aren't working, the income isn't coming in more importantly, does supply chain in the united states get broken when you look at the he big retailers who rely on

manufacturing. >> and going to china to set that up. when i think about business that's i have, i send over product development people a regular basis to work on new ideas and new concepts if that supply chain is broken for the u.s., you can expect the back half of this year for some retailers to have unexpected margin compression and a supply chain problem. >> so let me ask you a question. if a patient came to you and said i'm scheduled to go to shanghai next week, what would you tell them? >> i would tell them not to go all nonessential travel should not happen we're seeing it spread rapidly in asia. over 100 deaths already. 5,000 cases. >> is there a time frame on that caution? in other words, would you, we'll have to wait and see what happens. but if someone were planning to go in the summer, would you say, you probably keep your plans or would you say, i don't know. see if you can get that money back >> i would say we need to wait and see. it takes up to two weeks to even

show symptoms. >> do you have a time frame when things will get back to normal when you would say it's okay to go >> that could take months. because currently, it is quite widespread in asia hong kong just shut its borders down it could easily take months. >> i would expect companies in the states to even be tougher. the liability they would have in letting somebody go over there >> there are so few corollaries we have. these were not originating from centers of commerce where companies were having to rethink the way they did business. one last travel question one step removed from tyler's, would you go to one of the airports one of the 20 airports where the screening is taking place? is that at this point too big a risk >> i would avoid it. at least in the upcoming weeks flights are being canceled to that region so it might become less dangerous >> but airports here >> los angeles, jfk. >> those airports i would not avoid. there is no need for mass panic

as of yet in the u.s. and flights are being grounded so wash your hands, take all the precautions you can. >> an abundance of caution we appreciate your expertise thank you. all right. bernie sanders gaining in the polls as democrats focus iowa and new hampshire. should the bernie boom have wall street worried plus, you're looking at a heat map of the nasdaq. about a third are hitting correction territory down 10% from the recent highs you wouldn't know it from that because they're all in the green, at least today. among thos azoane,man d flix we'll look for the buying opportunities, next. saving for ava's college. being able to retire on our terms. taking care of dad. why ameriprise financial? my advisor cares about my personal goals. he gives us comprehensive advice. i feel prepared for what's expected in life and even what's not. she helps us feel confident.

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welcome back to "power lunch. the nasdaq bouncing back from its two-day sell-off a number of the biggest nails are showing some signs of weakness amazon, netflix, ebay and cisco. let's bring in the trading nation team craig johnson and piper sandler and chad, a washington adviser

i know you've been waiting are you buying any of these stocks >> not exactly we are underweight growth versus value. our forward looking estimate on the nasdaq 100 is roughly a p-multiple of 23 times based off the earnings growth of 9%. that's a bit rich for us with that said, if there were one company that we would be buying, and that we've owned for many years, that would be cisco systems. that one has a p-multiple of 15 times. an enterprise value of roughly 12 times and we believe even with an embedded growths rate of 2% or 3% over the long run, you can get a favorable return that also has a dividend yield of roughly about 2.9%. >> craig, any charts assistant out to you >> as we sift through those names and have corrected more than 10%, or close to 10%, take a look at the chart of netflix

as we unpack that chart, you can see there is some interesting things happening here. we chose it, number one, they've reported earnings. if you're looking to derisk, that would be one of them. it looks interesting the shares are moving above the average including support at 340. it looks like they got about 10% or more upside back to that 385 level that's a number we could be buying here at this point. >> all right we'll leave the conversation thank you for joining us follow us on twitter >> thank you ahead, pall earnings on deck more gains ahead plus, the bernie boom. senator sanders surging in the polls. wall street isn't very happy about it we'll explain. and reaching the ad zone the super bowl is on sunday and you know what that means, all the commercials you could ever want

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of trading goods and services. nasdaq operates among the largest markets in the world. and our technology powers markets from indonesia to chile. great markets are built on a foundation of trust and integrity, forged through leading edge technology and a smart regulatory framework. as technology advances, regulation must keep pace to allow the markets to evolve. today we see an opportunity to modernize regulation, to make markets more accessible to investors and entrepreneurs of all sizes. from the graduate buying her first stock, to an institution investing in thousands. the markets belong to everyone and stand as a symbol of economic advancement, social progress and limitless opportunity. that's the tomorrow that we envision and to get there, we'll have to rewrite it today.

welcome back president trump's long awaited middle east peace plan calls for the creation of the state of palestine with the portion of east jerusalem this as to whether his administration would bandson the two-state resolution >> my vision presents a win-win opportunity for both sides a realistic two-state solution that results the risk of palestinian statehood to israel's security. today israel has taken a giant step toward peace.

>> a top harvard university professor has been charged by prosecutors with lying to officials about his involvement with the chinese government run recruitment program and his affiliate with the chinese university charles was arrested at his office this morning. harvard says it is cooperating with federal authorities a person with knowledge of negotiations says dusty baker is finalizing an agreement to become houston astros manager. that's according to the associated press he would replace a.j. hinch after hinch was let go in the wake of the sign stealing scandal that brought the astros and actually all of baseball you are up to date that's the news update this hour back to you. >> all right thank you very much. we are near the highs of the day. the dow up more than 250 points. the s&p 500 higher as well the nasdaq, the big winner so far today. up 1.5% as you see right there time now for today's power movers 3m holding the dow back from

even bigger gains. the coil reporting earnings below what the street had been expecting. sales were weak in the u.s next up, a car parts deal. even with today's huge gain, the delphi shares are still down and a big jump for exceleron pharma analysts are raising their price targets on the stock many an lists are doing so and you can see that stock up 41%. president trump's legal team expected to wrap up its defense this afternoon elon is in washington with the latest another marathon day or will it be a little bit shorter? >> fairly quickly, the trial is in a brief break right now the white house is expected to finish before dinner time. the crux of the argument has been that the president did nothing wrong. even if the accusations against him were true, they would not

amount to impeachable offenses >> to have a removal of a duly elected president based on a policy disagreement. that is not what the framers intended if you lower the bar that way, danger, danger, damage >> there is momentum for republicans to do something around the new surrounding john bolton, lisa murkowski is the latest to saying she is somewhat open to hearing from bolton. she said his testimony could be helpful but it is you believe clear how that could go down after today, senators will then move on to 16 hours of question and answer then they would have a debate over witnesses and that is when they would have to make the final decision over whether to get more information or put an end to the trial >> let me ask you a question maybe it is just my whimsical way of thinking about this the session begins every day with the sergeant at arms

saying, under pain of imprisonment you are taking an oath to be quiet, to be silent here what is really ironic to me is that these senators have been anything but silent. they haven't been silent on the floor, apparently. though we don't see that from thesenate cameras. then they come out and talk and talk and talk to journalists they go on the sunday shows. the idea of jurors doing that during the course of a trial is absolutely beyond my comprehension. i guess we should expect of politicians. >> it is very difficult for laups to adhere to the golden rule there, tyler. certainly mcconnell has said he is not an impartial juror. what you see is that during the breaks in the trial, such as right now, lawmakers will literally bee line to the drooms speak their mind and i think that's important not just because they're trying to get air time and to get their voice heard. but because that's where you see the negotiations going down.

that's where you see the ideas being floated for how the witnesses should be handle d an how republicans are reacting to each other's statements. while those breaks may seem like a lot of noise, it is important for the broader debate over how to conduct the trial cynic senators cannot debate that amongst themselves on the floor. >> all right thank you very much. we're less than 24 hours from the fed's decision on interest rates president trump again criticizing the fed. making a push for even lower rates. despite that, the president still getting high marks on the economy in the latest cnbc survey and steve joins with us the details. >> yeah. the president's marks remain relatively high. we asked our respondents, 43 this time to rate the

candidates the president went up a couple points on a scale of 5 to 10 and joe biden remains the next choice at 4.7. look what happened to warren and sanders. the more the street seems to learn about their policies, i guess the less they like they went down from 2.5 to 2 and then klobuchar and buttigieg seeing a little more strength handle the they had previously so it suggests that at least this group doesn't like warren and sanders. but maybe that's the point looking on quickly at the approval rating of the president. maybe one reason is the trade truce, this group has not liked tariffs in general now they see a 60% chance that they will, the tariffs will at least remain the same and some chance of reducing tariffs this year but 74% say there will be no

phase ii deal in 2020. >> who are these people we polled >> my question exactly strategists, economists, fund managers, many of the people you know >> importantly, these are not the 18 to 29-year-old who's are the bulk of the people leaving exit polls in -- >> quite specifically not. >> but they are really supporting senator sanders here. >> the reason we asked, we want to know two things one, what people think of this particular candidate as to whether or not there is a price in the market for their candidacy. what i didn't show you, but i know we have time to discuss 58% probability of president trump being reelected. if that number came down, might start to think about the market pricing in what it would mean. >> in this group 58% say that. can we go back to that slide where it rated the various candidates on economic performance? i was struck by the idea that on a scale of 10, the highest,

president trump was what >> 5.7 >> that's right. >> and all the others were below 5. how does that compare? >> we haven't had this question before i guess we had the obama presidency he was below 5 >> they haven't liked the tariffs from the get-go. and they have not cottoned to it they have consistently, here's another thing that i can tell you. while they do see upside from the phase one trade deal, they take that off for just about the same amount they subtract from gdp this year and next because the tariffs remain in place. >> if you study the chart, it doesn't look like a republican democratic issue then there's this zeep drop-off.

so this idea that it is a social justice or social welfare issue is off the table now the question is will they just spend too much. the 63% approval rating, that's higher than the public at large. we ask our all america group the president gets a 50% economic approval rating while his overall approval rating is 40%. >> i still want to know, why is it that biden is so close? >> i think because he is seen as a centrist and i am pretty sure that there is some exasperation they probably like the tax cuts, the deregulation, i'm not sure they like the way the president is handling the country and certainly a lot of disagreement when we ask what the biggest threat is to the united states, it has been president trump's

presidency and protectionist measures >> twice in the last week, president trump has teased negative rates how much he likes they will. china tweeted on an interview last week. a lot of people see that as brinksmanship. he's trying to go to the fed, if not going negative, at least going lower. how do you think chairman powell receives that? >> i think it is a long answer but i'll tell you this i think what the president says, is in the absence of any political pushback, it creates an atmosphere that the fed is not immune from. i think that the fed tries not to be political but it also doesn't live in a vacuum i think it is impossible as much as the fed may want to, and aspire to, it cannot make decisions that are against where the political winds are blowing. >> sure they can what prevents them >> what prevents them.

if you're at high and rising inflation, there might be some form of a contingency for raising rates. but there is none now. not from the democrats and not from the republicans under president obama who didn't say anything about the fed, or said very little about the fed, there was a strong contingency among republicans for raising rates and having rates higher. that played a role in the fed even while they kept rates down, it played a role so i think the president is nudging the fed toward where he wants it he won't get negative rates but perhaps he won't get a hike within a 84 or two >> all right we have to leave it there. thank you. meanwhile stocks are at session highs as we are less than two hours away. apple is out after the bell. the earnings possibly match the expectations this time around? everything you need to know to get ready for that report is coming up next hey, saved you a seat.

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welcome back to "power lunch", everybody. apple rallying after the bell. shares of the tech giant have doubled in the past year and they are chasing the rally raising the target to $360 one of the highest on the streets as you see there here's a look into why welcome. good to have you with us >> thanks a lot. what do you see driving the stock to 300 and, what is it 360? 340? >> 360 you know, we see enabling the stock higher as we go through the year is three things one, you have this double growth out of services and variable that's continues on.

there is very little second, we think you are going to get into the growth with the 5g cycle later this year and the third would be margins should continue to expand as you go forward. more variables and commodity as well >> let's go to the question of the moment which is the coronavirus and the effect that it could have on chinese consumers buying apple products. i think there's something like 17% of apple's global sales and on chinese manufacturing facilities on which apple is really quite dependent what effect if any do you see that having on the financial sick and the stock >> i think this will be the question everyone will focus on. i would say apple and its manufacturing ecosystem has

about 380 manufacturing sites in china. of that, only of the two sites are in the cities that are in lockdown mode and there are alternative options to that. on a supply chain, this seems to be manageable so far but this is growing and happening in such an unpredictable manner i think the wild card is, what happens to demand and does that take a softer hit because of this impact? >> i want to get back to something you talked about earlier. you talked about the price target being driven to 360 so investors can see what to expect from sxam why you think it will expand with the base >> absolutely. so services for spapple is a brd

thing. apple gets a 15 to 20% toll for that apple music, apple tv, apple care, all of those are part of the services ecosystem on average, a user spends about $42 a year on apple services we think that number can keep growing double as it goes forward. >> thank you very much we appreciate your time today. >> thank you >> thank you >> companies are spending millions of dollars on super bowl advertising so who will score? who will fumble? mmcis man joins with us the coeralyou need on watch out for. stay tuned imagine traveling hassle-free with your golf clubs.

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normally before the super bo bowl, right now it seems thes coronavirus, the tragic death of kobe bryant, seems to overshadow the game here is carter murray. you're an ad man. >> we like the advertising

clients to get their money's worth. the super bowl is obviously the super bowl people don't just watch it for the game i was with one of your colleagues backstage, and they were saying they watch it for the tiesing. to you know, get a message to a huge audience. more people talk about the ads, unless it's been a fantastic game i want you talking the week before, or the day after. >> i don't know whether you advertise on the super bowl. when it's on nbc, yes. >> it's a hot ticket it's 5.6 million for a 30-second spot >>, and brajds there's much more 60 seconds and a 90-second bright, we have a lot of 60-second buys. >> big brands like bloomberg and

trump? >> 60-second spots. >> how do you decide as a business owner whether his -- hi agency, and that property, the super bowl, is worth your 5.6 million. >> we know carter drives a lot of that revenue. we know that you do, but at the end of the day a company is looking at the overall roi social media, youtube in my opinion have changed the way they think about the told return his torely now i'm relies on the week before, and are there extended versions, how does it all work together? the landscape has changed. you're paying 5.6 million to get the ticket and the right to do it for a week, not a day to what extents can they -- >> i got it. if they paid a teaser out before

hadn hadn't. >> what we're seeing is the teaser runs into the millions, too. you look at heinz, they've been running four spots at the same time, you look at planters peanuts, they have done this already very viral pre-super bowl spot. so i think, you know, you have to look at the holistic investment i think you're seeing with the larger buys, michelob ultra-gold, for instance, launching organics six for six, a purposeful message but -- >> that happens to be one of our ads, yes. >> very quickly in the time we have left, i want to turn to kobe bryant and nike's relationship with him. a multimillion dollar relationship that's been

ongoing. what should nike do now with that brand >> well, i think you have to start by they'll be in mourning, too. they worked with kobe bryant for a long period of time. i think nike knew how to do things right i think they will find a way to respond, and when they do i think it will be a tribute. >> a percentage of sales and give it to charity. >> i'm sure they will react in the right way. i think the concerns is for the brands and businesses that don't have a legitimacy and relationship with kobe who try to tie themselves to him i think they will be opened you want to a lot of danger. >> it's up to the family to determine what happens with the relationship, and i would leave ntmet that gelen, thank you always great to see you. "check please" is up next. who says our bank isn't tech enough?

everyone, look at your phones. the design thinking, the digital engineering, security, blockchain, and we will be first to market! yes. when we do we launch? unfortunately, in 2 or 3, hours. why the delay? cognizant is helping banks use digital technologies at scale to advance speed to market. and now for their service to the community, we present limu emu & doug with this key to the city. [ applause ]

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constructing new bridges, bringing high-speed internet to every corner of the state, and committing to low-cost clean energy. with infrastructure built for the future, the companies of tomorrow can thrive here today. see your future at esd.ny.gov. welcome back to "power lunch. i'm ylan mui in washington opening arguments in the impeachment trial are now over the white house defense ended its case by making appeal to voters, saying removing the president would be tantamount to ripping up ballots across america. now it moves to two days of questions and answers from senators >> the defense has rested. >> they said this he would finish by dinnertime

>> i think this is anothers reason why people are distracted it's probably good that it's over. >> it's been good having you here come back anytime. watch "the profit" tonight good episode thanks to tyler for having me. >> flies to have you in town, kayla. welcome to "closing bell." i'm sara eisen down at the 3m post that doubt component is slipping hard today on an earnings miss, the rest of the market is bouncing 59 minutes until the close. >> i'm wilfred frost let's have a look at what's driving the action today consumer confident coming in better than expected u.s. raises the travel warn in an effort to contain the