the coming months. >>> people in china are rushing to buy new cars before tax breaks expire at year's end. the china association of automobile manufacturers says about 2.6 million new vehicles rolled off dealers lots in october. that's up 18.6% from a year before, marking the fifth consecutive month of double digit growth. smaller cars have been popular because they're subject to the tax break, but sus also sold well. that class has a top class of motorists upgrade to bigger models. car sales for this year came to just over 22 million units and that's up 13.8% from the same period last year. people in the auto industry are concerned about a possible plunge in the market after the incentives end. mpbls the. >>> the release of earnings reports is expected to peak on friday. about 170 firms are expected to disclose their numbers on thursday. companies listed on the tokyo stock exchange are predicted to post lower than half their earnings. as of wednesday 1,097 companies posted their report. they posted combined profits of $152 billion and that's down about 13% in yen terms from the same period last year. success f

the tech giant's announcement comes less than a week after a consumer watch group in china launched an investigation into the problem. the china consumers association said in a statement that "a considerable number of chinese i-phone six and six-s users reported the problem. apple says it is not a safety issue. the battery replacement offer for the i-phone six-s applies worldwide. allstate wants to help keep travel days of the year. this wednesday, allstate will offer roadside rescues for just two dollars through its app and mobile website. you can use it for emergencies, like tows, flat tires, jump starts, if you lock your keys in the car, or run out of gas. the savings are adding up for drivers just as the holiday travel season begins to pick up. the price of gas is down. it dropped six cents over the past two weeks. the national average is now at some parts of iowa -- it's almost 50 cents cheaper. gas-buddy-dot- co in west des moines are filling up for 1-71 coming up on kwwl, the mister food test kitchen.... thanksgiving just wouldn't be thanksgiving without mashed potatoes. and today we've got a tasty of a recipe for you but first, a look at yo

members of the hong kong bar association says the committee's interpretation gives the impression chinaeffectively legislating for the territory. they say this casts doubt on the one country-two systems principle. >> it just interferes with our own independence. >> pro democracy groups and legal professionals in hong kong are increasingly critical of china's intention to crack down on pro-independence activities in the territory. >>> the developer of pokemon go says it's modified the app's settings so people can't use it while driving. fatal accidents have been caused in japan by drivers who were absorbed in the popular smartphone game. on monday, it disabled the function for collecting items if players are traveling above a certain speed. the company did not disclose the speed at which the function stopped working. after a driver killed a 9-year-old boy last month in central japan, the city and the police urged them to ensure drivers can't play the game and al monsters appear on public roads. the developer told nhk that it sincerely accepts the various requests and will try to make sur

>> well, china doesn't need to do anything in order to increase its integration into the region, signaledhe u.s. has it's going to exit. china, which has already gotten fta with the associationf southeast asian nations, they've a free trade agreement with them. they've got another agreement which includes countries like india and other countries, 16 altogether. off, thatn bring that is a huge political, you know -- job for china,l because it will influence and integratesh china or china into those asian economies. but let's face it. without the u.s., china has really got open here anyway, because china is the biggest trading partner for every country in asia. get political influence. it's a win-win for china, even off some ofpull these other trade agreements its working on. >> thank you so much. well, let's turn now to to ourng very close hearts here in the gulf. oil is continuing its climb, a three-week high on renewed optimism that opec to cut will agree production next week. our reporter joins us now for more. anthony, i want to start with a chart, which really highlights some of the uncertainty currently happening in markets. if we take a look, this is speculative positi

china is an ally with north korea, but the dictator is not popular with a lot of chinese people. you get zero results if you search for the china in china, but according to associated, you can find variations like kim fat fat fat, here he is li'l kim. >>> there's a word the fbi and secret service has joined the search for the son of a uss congressman two days after the 21-year-old went missing in texas. we'll hear what his gere friend says he left behind. that's coming up on "shepard smith reporting." >>> a tough story out of texas. a search under way for a congressman's son who went missing there. the son is 21-year-old carl conyers, student at university of houston. his father is the michigan democratic john conyers, the longest serving member in all of the house. according to the police, the son's roommate says he last saw young carl tuesday afternoon at their apartment near campus in houston. his girlfriend told a radio station in detroit that she was supposed to meet him yesterday but he never showed up. casey siegel is dallas based and is live. what else is the girlfriend saying? >> reporter: she talked to wwj in detroit and says she received a message from h

the interview this morning. comps in china were actually down, i think, month over month or year over year. there are growing pains associated with the unlimited growth we talked about. right now you have one restaurant for every million people in china. clearly, that can grow. but there are going to be some hiccups along the way. and remember, there was some -- remember about the health concerns that cropped up. you don't think that's going to happen again. i'm just saying. >> all right. still ahead, tesla ceo elon musk speaking right now about the solarcity deal. i'm melissa lee and you're watching "fast money" on cnbc. first in business worldwide. in the meantime, here's what else is coming up on "fast." >>> that's what's happening to health care stocks in the last month. but a top technician says he thinks it's about to get worse. he's here to explain why. >>> plus, facebook getting ready to face wall street. >> it all comes down to a few moments. this is one of them. >>> and we'll tell you what has shareholders so nervous about the big report. much more when "fast money" returns. uys a little lamb. one of millions of or

either technology-based or manufacturing based grand names the kind we associate with germany or with japan or south korea or the united states. china has become increasingly dominant in its own market. the question is the next level of sophistication can they do that with a repressive internet controlled sort of foreign or hostile environment. >> rose: can you have an effective competition if you don't have freedom and all the things that have been part of what allowed america to develop technology and the lead that it has. >> and all sort of successful small b bourgeois lib wul democratic societies they do have this kind of liberal societies. they have free press and elections and things that china doesn't have. >> rose: they made a commitment. whether they can achieve it or not to have great university. it's a goal to have two of the top 20 by whatever. >> that is a goal but it's easier to build the building than it is to attract the best scientists or the best students. so here's the silver lining, another one. that a china that's able to achieve these things will be an easier china for us to co-exist with because it would be le

the bank of england carney's comments, brexit. now george magnus senior andpendent economic advisor associate oxford university china center. now.here with us george thrilled to have you on the set. huge day of course for the u.k. kind of perfect timing. start with the morning rules. court ruling in order to continue with the brexit process, theresa may has to get parliament.the the referendum itself is not enough. how significant is it in your view and could it change the -- don't see too many people thinking it could actually prevent the triggering of article 50. could it change the complexion of the negotiation. over yet.t appealed.ing to be they're hearing that the result expected to be heard around the first week of december. obviously, the supreme court could -- it would have a looking atrief and other legal ramifications. they may overturn. this decision. have to wait and see. i think the decision is not that to stop theill vote brexit process. wild's a lot of expectations amongst members of the community. that's what this means. it doesn't. of course, it's quite significant to the extent that it might mean. it means

either technology based or manufacturing based brand names, the kind we associate with germany or with japan or south korea or the united states. chinaecome increasingly dominant in its own market. the question is, the next level of sophistication can they do , that with a repressive internet control sort of foreigner hostile environment? charlie: can you have an effective competition if you don't have freedom and you don't have all the things that have been part of what allowed america to develop the technology and the lead that it has? james: yes. and all sort of successful small b, bourgeois, liberal democratic societies, they do have all this kind of liberal society. they have universities, they have free press, they have elections. all these things that china doesn't have in the same form. charlie: whether they can have it or not i don't know, but to , have great universities. two of the top 20 by whatever. james: it's easier to build the buildings than to attract the best scientists, students. so here's a silver lining, that a china that's able to achieve these things would be an easier china for us to coexist where, -- coexist

market that, much of it is denominated in dollars and the chinese situation where we would have had an enormous increase in leverage associated chinae complex structures reminiscent of what happened before 2008. concern is the market has been ignored since january. francine: what do we know about the fed? we assume they have a good handle on it here in the -- it. adair: the amount of debt in china has gone from $3 trillion to 14 or $15 trillion today. that is an enormous amount. most of this is owned by state owned enterprises and state owned bikes or other government vehicles of some sort. most is in local currencies. it is linked to the rest. you can have an optimistic and it says the chinese authorities can deal with any problems. the bigger it gets, the more we have to be cautious of that assumption. tom: i want to congratulate you on a terrific set of papers. exchangeiginal for an research years ago on the dynamics of the foreign exchange market and how would the , how would that be different in 1998 when you folded in the balance sheets? adair: we now have a very large amount of emerging market debt, which has grown in many o

the california nurses association and aarp and vote yes on sixty-one. the drug giants won't like it. and he'll hate it. >>> we're about to show you some crazy video. check this out. surveillance video in chinad a little boy riding a toy car into traffic during rush hour. the boy, oh, my goodness makes his way down the middle of the street. no parent in sight and look, not a single driver stops to help him. >> nobody stops their car to get the kid. >> >> finally though you see there a police officer just happens to come across the zone and finally came to his rescue. he eventually found child's mother and returned him home. >> that's unbelievable. >> this is a story you'll like. a dad on a flight from boston to san francisco says his daughter was so bumped she wouldn't be able to go trick-or-treating so he decided to bring trick or treating to her and passed out candy to everyone on the flight saying when my little doughnut comes down the aisle drop her in the basket. needless to say molly was very happy when she walked by in her doe not costume and there she is. >> a fellow passenger said my heart is exploding right now. a candidate for father of the year for sure. >> and halloween may have

china, that could have big ripple effects in the north american supply chain. for the u.s. railroads, about one-third of total traffic is trade-related to the according to associationf railroads with grain and autos among the biggest groups. analysts say some railroads would be more affected, particularly those that benefited with mexico. a growth story in an otherwise tough freight environment. >> we're going to see a shiflting trade pattern and that could impact some of the railroading that go across border. and continue on trade. and does that investment go back into that rust belt states where you could see more and more traffic originate from those areas. >> reporter: and more traffic could come. the president-elect has vowed to reinvigorate coal which for the rails has plunged by half from a peak of 140,000 weekly car loads in 2008. but while coal deregulations could boost revenues and certainly the stocks, not even the railroads themselves expect to return to the commodities' glory days. for "nightly business report," i'm morgan brennan in bedford park, illinois. >>> while out on the campaign trail, president-elect donald trump vowed to lower taxes. he promi

the country they are looking it as brand trump. he's an exclusive american brand and people are perceiving brand america and associating that with him. >> does this hurt new balance around the world. could someone in china or england say you know what america voted against us and i'm not going to buy an american made product. >> it will influence people's decisions on what they purchase the next time they do it. because of the association. >> we talked i think a couple of weeks ago about trump's own brand here. i think it was you guys. whether the tenor of his campaign hurt his brand. now he's president. does it help his brand? >> absolutely. he's in the top spot. he's the man. sofrg goes well. but i still think there's an issue for brands usa. >> there will still be -- >> because of donald trump. >> there will still be companies, still be trade associations that will say i don't want to have my event at a trump property. i'm not going to the doral. then others who will say, bet your, you know what, i'm going to the doral because i want to speak -- i want to express my support of the president. >> let's take a step back too because we're talking about made in america and it's been linked directly to tru

signal that will send to china about what kind of conflict this is, is the signal we may not want to send. said they had an incentive to downplay that operation operation, not to associate could do what he wants but as the matter of global policy that is a police action not they just want to do what congress tells me but i don't want the world to see the so think of that is what happens. that is just another way in context that they had failed logic in keeping up with that constitutional system was vietnam's a war? answer that descriptive flee and then as a constitutional scholar. >> there is a book called the vietnam war. and i think if you view it been this in is hard to see is something of that scale. and it was authorized of statute and how much that resolution did with the appropriation and the war dragged on with the hostility at home we start to see many critics start to fall on and on the fact what does that congress stop? that there was an equally strong view maybe congress was implicated in what is their role to an end if it? and that's schlesinger is raking how presidents have unlimited power to wage war but when congress for the first time in the nation's hi

china? now, for the railroads about one-third of total u.s. traffic is trade-related. that's according to the associationamerican railroads. you've got autos, chemicals and grain which is actually benefitted in part from record soybean exports. some of the biggest groups there. but the other business that is closely tied to trade is intermodal. all those shipping containers like the ones behind me that switch between ship, train, truck and then are packed to a lot of consumer goods including e-commerce packages. freight railroads have been betting big on that business in recent years and among the massive decline we've seen in coal it's what this rail yard, the bedford park facility, csx's bedford park facility is focused on and an area that could be effected in changing import dlsh export activity landscape. saying there's a lot of question marks and other perspective policy changes like tax reform, infrastructure spending and possible deregulation could offset any potential risk. >> i think one of the most important things is that the economy keeps growing and growing at a faster pace. so there's a bal