joining us is adam parker. ld you agree that investors need to better prepare for a potential tur victor -- trump victory? adam: i really don't know. maybe people think a trump victory was upright in at all. i think it is hard to call. i remember conversations with investors in 2012 saying that if romney wins, it would be great for the market. if obama wins, it is a disaster. 2013 was probably the single best year. it is hard to call. i think a lot of people would say it would be bad if he wins in the near term for the market, but i think it is difficult to call. we try to be very neutral to handle any volatility. joe: you are an equity strategist. in any other category, it would be a clear sign. the most obvious everyone talks about is the peso. are there areas within equity markets you are looking at that you would expect to be particularly sensitive to the rest of it going one way or another? who: the bond strategist pushed morgan stanley -- there are other asset classes. the area people focus on is the finan

adam parker, morgan stanley.hat to you. >> a last thought about what you're going to be thinking about heading into last quarter of the year. >> i think what you're going to see is profits for the third and fourth quarter accelerate. companies are going to do better than most people think and i think that's a recipe for a more solid backdrop in the equity market. in addition, i think when you're going to see is an earnings floor set on energy prices. if you're somebody that is short energy, given the news that came out of opec at the margin, you're going to be less likely to do that going forward and i think stocks will head higher. >> good having you here as well. thank you. he's with ubs. market picture looks good today. we are green and well there across the board. "power lunch" picks up that story with the deutsche bank latest now. ♪ >>> indeed we do. thank you very much. good afternoon. i'm tyler mathisen. here is what's on the "power lunch" menu for friday. what a difference a day makes. 24 hours ago fears

also on set today is adam parker. he is morgan stanley's chief u.s.y strategist with us for the hour. rob, good to have you back. our own michelle caruso cabrera is

all this as adam parker at morgan stanley raises point on the s&p to 2300 from 2200. goes up 100 s&p points. >> a rich valuation. could it get there? year-end target. that sounds to me like he's thinking we're going to have some form of -- >> not this year. not year-end '16. a 12-month forward target. >> 12 months from now. sure. >> first blush i thought the same thing. looking for 100 from now to the end of the year. no. 12-month out target, revise that every month, good thing, and everyone -- >> strategists have been slow to hit the trigger on raising their s&p targets. he becomes at least in my recollection one of the first now to come out and say, okay. stocks, i believe, can go higher, and maybe significantly there so between now and 12 months, where, you know, we've heard from lee cooperman, sat on this very desk, don't expect too much from stocks going forward, because the environment. >> no. because of -- >> valuations are. >> sure. if you think earnings are at a trough you can make a case to being bullish. by the way, we didn't dlthrough the past weekend, mmp

morgan stanleyas chief equity strategist adam parker. we have some breaking news.esidential debate was the most-watched ever with 180 million viewers. more than half watched on broadcast networks, which does not include cable or online coverage. harsha: it is time for the bloomberg business flash. the u.s. justice department is said to be trying to determine you cana criminal fine get from volkswagen over the emissions cheating scandal, according to people familiar with the negotiations who say officials do not want to be so high that it automaker out of business. the government and volkswagen are trying to reach a settlement by january. alta airlines is studying purchase of roomier airline jets if the company can get the pilots union to accept. the carrier told the union it once the option of adding planes with more room. pilots have a say over which aircraft can be followed by affiliate airlines. the pilots union is against the plan. the world's biggest tequila makers plan to go public. was the company filed an ipo on the mexican stock exchange. people familiar w

adam parker, morgan stanley's brilliant investment strategist for the u.s.ities recently raised his target for next year to 2300, from 2200. based on 13 times -- sorry, $130 of earnings times 17.7 multiple which would be an increase of multiple why the low interest rates. so maybe that could justify that. y, i, e, l. l is low volatility and volume. this is very rarely bursts to the upside. so be careful. >> your d is dollar it weaken. >> dollar to weaken. the dollars has been -- it went up, as you saw last week. by .6 percent. even with yields coming off at the end of the week. so basically, our investment committee, we last week took some money out of treasury inflation protected security and put it into mass limited partnerships to get a little bit of yield, okay? and the most recent move before that, as you know, to take money out of europe and japan. still overweight japan. equal weight europe and put that into small caps. and into emerging markets which i still think has growth ahead. >> that's twice we've heard that this hour. paying attention to new -

and there we see adam parker has a 2,300 target for next year which would be a 7.5% increase from nowcated on a 4% earnings increase. if we don't get earnings and you get this price earnings multiple starting to contract when the fed does raise interest rates that means it's time to lift, take money out of the markets. >> people have been saying the market looks under valued for the last two years now and that hasn't stopped the rally because the excuse has been interest rates are rock bottom levels. where else are you going to go? >> i think that is a phenomenal point. valuation is never the catalyst. it is always fundamentals or psychology. valuation is always a confirming indicator. i think you have a great point in terms of the interest rates if they start rising then we've got trouble in the bond markets. i have told bill you may remember that we are an internet stock valuations on interest rates. interest rates are way too low. be very careful in the bond sector. >> that we will do. have a good weekend. >> have a good weekend. we have a news flash from seema mody. >> i want to d

also, adam parker from morgan stanley has raised his s&p 500 target to 2300, encouraged on a number ofr cry from that. 2183 israeli trade right now and high closing. all three averages are gaining a little bit of steam. there is a lot of activity this morning. spectra energy and enbridge one of those having to do it infrastructure product lines, a share for should deal, but the $20 billion value and the specter 40% of the combined company and shareholders up idge is nowd embr higher by nearly 1%. r come watching danahe after the agreed to by the maker of molecular diagnostic test, for about $4 billion. it is a 54% premium on a per-share basis, $53 a share and down just slightly. now the stock rises after folks find an said it was -- volkswagen said it was fine part -- 15.76 1576 a share dollars a share. they are rising even more than the 30% and the rap in the premarket on speculation that this may open the door to an acquisition of the entire company. finally, a quick check on what is going on in the gold market as gold prices by nearly 1% and bringing the miners along with it. even t

adams 12" school district says-- crisis teams will be available today.. they also offered "heartfelt condolences" to the bus driver's family. it was a show of support-- from the people of parker. they came out-- to help douglas county detective dan brite. he was shot earlier this month.. to help him-- a fundraiser at a coffee shop. the tiny "coffee cabin" drew a crowd of hundreds. people waited up to an hour. but it was all worth it, to them. that's because the proceeds went toward brite's recovery. he's in the i-c-u at parker adventist hospital... after the coffee fundraiser -- people went to the hospital. they gathered outside -- in a spot visible from brite's room -- and held a prayer service. there's another to 2-30 -- the parker police department is hosting a mobile blood drive in brite's honor. you have to make an appointment. there are only 40 spots available. you can also donate in brite's honor at any bonfils center. just use the code 7-3-11. police say a man who led officers on a chase across aurora - fired shots along the way. james anthony draper was arrested at colfax and yosemite sunday afternoon. according to aurora police - draper stole a car, started a chase,

parker is closed in both directions. due to the crash. eastbound harvard is also closed. no word on any suspects or possible injuries. >> we're following new developments in the trial of a former adams county sheriff deputy. accused offend assaulting a man during an arrest. it's surveillance cam are from a nearby bar. caught the arrest on video. and last november a grand jury indicted then deputy. and charge of third degree misdemeanor assault. the video shows the deputy kicking a man. during the arrest. prosecutors argue that action was a crime. but his attorney claimed it was an allowable use of force. jurors deliberated two hours today. before finding him not guilty. >> i have lost my job. over this. i'm just thankful that i wasn't convicted on it. >> . now i can continue my life. and move forward. >> he was fired earlier this summer. says he's not sure what he's going to do now. prosecutors say these cases are difficult. but this was something they said jury. >> . lester jones. ten years after the crime. the judge declared a mistrial today. because jurors just couldn't agree on a verdict. >> . authorities say was banging on another drivers window. and hit and killing him. the se

welcome andy and barbara parker, they are the parents of allison parker, a reporter for wdbj in roanoke shot and killed along with adam ward a little over a year ago during a live shot. mr. and mrs. parker are now members. would you please stand and be recognized. [ applause ] >> thank you for being here. a senate filibuster is usually designed to block a vote on a piece of legislation. but connecticut democrat chris murphy had a different goal when he orchestrated a 15-hour filibuster to allow votes on measures to prevent suspected terrorists from buying guns and require all gun purchasers to be subject to background checks. weapons buyers can evade background checks by making purchases at gun shows and online. while he lost those votes, murphy had made his point. and murphy has continued to make that point. in philadelphia, he spoke on gun control at the democratic national convention and promised to raise the issue again and again this fall. he emerged as one of the most vocal supporters of gun control. he hadn't even taken his senate seat when a gunman began shooting at sandy hook elementary school in december of

adam housley, fox news. staff at a hotel in alaska won't ever forget the guest that sent them running. the guest --- a 200 pound black bear. eddie parker, aviator hotel ambassador "he'll go right back in and decide, i'll take a peek inside." well-- the bear didn't stay because he scared off the one person that was able to check him in. since he couldn't sleep there he went down the street to take a nap in a tree-- but it never came! wildlife workers showed up. they got him o and sound-- putting an end to his downtown adventure. real milwaukee starts now intro show: welcome to real

adam vance, kyle dyer, 9news. >> you will be hearing more about suicide prevention awareness. it was this time last year we told you about a similar program that operates at the denver fire department. >>> parker police on the person they were searching for last night, the driver who stopped to help police at the scene of a crash over the weekend turned himself in to receive their apartment dust department this afternoon. >> it really takes more than just the first responders on these seems to come together and help all of those people out, because someone in those vehicles is someone's mother, daughter, father or brother. and, when you take those things in perspective, you want to treat them the same way that you would want your family treated. we appreciate citizens like you stepping up and really helping us out and being there when we need drivers who stopped to help on the night of the crash will be receiving chief, accommodations. they will be awarded at a ceremony next year. >>> is rtd's a-line working? we don't have the fancy traffic so we can play, it's not. 30 to 60 minutes due to crass repairs. another day on the a- line. >> reporter: it looks like an honest to god pumpkin shortage l