i'm brian sullivan a

brian sullivan in houston. you follow this company closely, josh.tock's up 85% in three months. >> yeah, but like -- >> i know from where it has come. >> contexturally it was down 90 something. >> i know. >> this is the beauty of two things happening at once. number one, diminished expectations in the case of this company there were people talking about bankruptcy. so you don't have bankruptcy. you don't have have a collapse in the brazilian economy or the brazilian political situation. so not having those collapses was enough. james grant like to say that, you know, with cheap stocks good things have a habit of happening for no reason other than no one thinks anything good ever can. that's how you get a situation like this. i wouldn't read more into it than that. it's not a well-run company. it's not the next big thing. it's just a situation where there were no sellers left. and people waking up too late to buy it when it was a couple of bucks. >> no-man's-land? >> no-man's-land. i'm sure josh is less thanner is reon the number of clients he has in

now down to brian sullivan for what's coming up on "power lunch." he's in houston. hey, brian. >> yeah, we're going to put the lunch back in "power lunch." we're here at grotto in houston. he's going to join us the entire two hours. this is a big news day and we have got you covered with an amazing guest lineup. big ban berden will talk about the $48 handle for the price of oil. we have andrew liversy of dow chemical and talk about trump's first hundred days. when will we see policy action really happen? and jcpenney, another texas-based company undergoing another major transformation. we've got a big show here from houston with tilman fertitta, the $1 billion buyer himself, the entire two hours, from the gotto restaurant downtown. i'll send it to a commercial break and i'll see you at the top of "power lunch." of "power " ♪ know you have a dedicated advisor and team who understand where you come from know you can craft an investment plan as strong as your values ♪ know that together, you can establish a meaningful legacy with the guidance and support of your dedica

. >>> i'm brian sullivan."the halftime report," whether congress approves or rejects the health care vote, our question is how much of an impact will tv on the rest of the trump agenda, including tax reform, and what stocks and sectors might be most impacted. plus, the catalyst and headwinds you need to watch out for that are not coming from washington. believe it or not, things outside washington are actually happening. and just when some investors thought it was safe to get back into the retail space, a new threat emerges, threatening to force those beaten-down stocks even lower. we'll tell you what that is. "the halftime report" kicks off at noon eastern. >> all right, sounds good. thank you very much, brian. >>> let's get to the cme group in the meantime, check in with rick santelli, get "the santelli exchange." busy day, rick. >> it is a busy day, but it's not a day where you're going to use the benchmark for bids for how big the ranges are. and that's kind of the point here. if you look at ranges, whethe

brian sullivan, i figured, monster trucks, should have known. i'm bill griffeth.ng, the dow down 183 points at its low on the heels of the gop health care bill pulled from consideration friday afternoon. questions now about tax reform and e

brian sullivan is with us from houston. what's on tap? >> tyler opened the door and i'm going to walk right through. he talked about oil's decline. we're back in the low 50s, well above where we were last year. we'll talk to a great lineup of guests. why can't oil get out of its own way? i liked michelle's rocky road pun. oil may have a rocky road ahead. we're also going to ask the natural resource minister about the keystone pipeline. is it going to get done? does he have a good working relationship with rick perry and president trump? and peter thiel talking here last night. we have a lot to do. see you in a few minutes. >> brian, thank you very much. >>> in the interview of the day, the investor, david tepper taking a bullish tone. saying basically he's all in on america. >> we're more long on u.s. stocks. the bigger bet is -- listen, it's the same sort of bet. if we're short u.s. bonds we're betting on a stronger economy here. >> right. >> that's the bet. we're betting on strength one way or another here, strength around the world. ok

down to brian sullivan. you would like good in that car. >> we both would.ing in a -- >> you got it. >> go figure. either way, coming up, we're going to continue to ask some of the top executives in oil and gas whether they are going to create jobs. >> that will start to grow, and yes, the keystone -- the canadian natural resource minister is here, for a rare interview with cnbc. also peter theel last night say we're in a bull market for politics. a lot more to do. we're going to take a short break and i'll see you at the top with "power lunch" in a few minutes. my businwas built wi passion... but i keep it growingby makever. that's why i havthe spk cash card from capital one. th i i earn mited 2% caack all of mpurchasing. and that unlimited 2% cash back from spark means which adds fuel tors each year my bottom line. busines.. what's in your wallet? ...you realize the smartest investing idea, isn't just what you invest in, but who you invest with. ♪ is . >>> welcome back to the "halftime report." i'm seema mody. a week before the fed meeting and what many an

i'm brian sullivan in washington, d.c. by scott walker, governor of wisconsin. governor, thank you for joining us on cnbc. we appreciate it, sir. >> thank you. >> maybe no state is as interesting as yours regarding the election. you turned. you went for donald trump. you've got a lot of manufacturers in the state of wisconsin. so far, it's early. have you liked what you've heard? do you believe that we are going to get the change that we need to create the jobs that wisconsin demanded at the election? >> yeah, i think so. last year, we had more people employed in our state than ever before. year-over-year numbers for manufacturing are the top in the midwest, one of the best in the country and one of the most heavily dependent in manufacturing. for us it's important we look at the overreach, costly power plant, as i call it, the obama administration did to overreach their authority through the epa. those things being reigned in are completely important. i want tax reform. don't get me wrong. i want us to replace and reform

brian sullivan joins us at the table next. >> we had to go with the health care first, and we're doingo work out. and then we immediately start on the tax cuts and they are going to be really fantastic, and i am looking forward to that one. that one is going to be fun. that one is going to be fun. that's called the wheelhouse. >> president trump, who has tried to put his name on nearly everything in his career, ties, sta steaks, water, and doesn't want his name on this bill, and the president is here to sell the bill to republicans, and make no mistake, this is trumpcare. it's not how fast you mow, it's how well you mow fast. it's not how fast you mow... ...it's how well you mow fast. woooh! it's not how fast you mow... it's how well you mow fast! it's not how fast you mow... it's how well you mow fast. they're not just words to mow by, they're words to live by. the john deere ztrak z345r with the accel deep deck to mow faster, better. take a test drive and save up to 250 dollars on select john deere residential ztrak mowers. at crowne plaza we know business travel isn't just business.

that's why intelligence is so important. >> colonel, it is brian sullivan. it is the one-year anniversary of the suicide attack at the brussels airport. do you believe that that in any way likely related? >> i don't believe in coincidences. the answer is yes. i think it's directly related. matter of fact, terrorists have a tendency to focus their attention on symbolic dates, times and locations. i think the two are very closely related. >> to follow up on tyler's point, there have been more than ten vehicle-based terror incidents since 2014 alone. tyler referenced france, germany, ohio state university and a number of others. we're so focused on air travel. just did a story the other day about lap tops and ipads. at what point do we become stretched to where we can't defend the way we should? we're going air travel. now these ground attacks. we'll ramp up our defenses there. at what point do we simply lack the resources to not guarantee but help guarantee safety? >> you know, every time there's a threat, we've thrown money at it. sometimes it's good. sometim

i'm brian sullivan. two hours until the closing bell.ng, is a machine coming for your job? another big wall street firm turning more to rebotts. are any industries safe from automation? plus, if you own this biotech stock, take your family to sizzler tonight. that stock up 20%. it does look like brexit is really going to happen. we talk about what may happen to your money as well. >>> a check on the markets right now because we are sitting at session highs for the s&p and nass tack. gaining about 0.1%. nasdaq higher by about 20 points. two big tech stocks lifting those indices. deutsche bank cutting the stock to a sell lowering the target to $100 a share. >>> all right, black rock's big move is getting a lot of attention today. automation has been cutting jobs for years. bob pisani is live on the floor that used to be a lot more crowded when he started down there. >> reporter: oh, yeah. that's right. see this floor behind me? in 1997, michelle, when i first came here there were 5,000 people on the floor of the new york stock exchange. to

we appreciate it and brian sullivan thank you as well. >> brian, thank you. come back. >> all right. that does it for us this morning. chris jansing picks up the coverage right now. >> thank you so much, joe and mika. i'm chris jansing in for stephanie ruhle live from washington, d.c. this morning digging in. the republican leading the russia investigation refuses to recuse himself and won't reveal his secret source to anyone. >> even the other members of the committee? >> no. >> a republican congressman says he needs to step aside. >>> obamacare round two. the president hosting a bipartisan group of senators and promising repeal and replace ain't over yet. >> i know that we're all going to make a deal on health care, that's such an easy one. >> and out of the woods. hillary clinton back on the stage with her most political speech yet. >> these are bad policies that will hurt people. >> we begin today with the house investigation into trump campaign ties to russia. now stalled indefinitely. hearings and meetings cancelled while intelligence chairman devin nun

. >> brian sullivan is there for us at that conference all week. he'll be a key person to listen to throughout the rest of this day. as you said that ceraweek, it almost sounds like sara week. there should be a week. what would we celebrate? consumer goods? love of whiskey? gambling now? that's one of your favorite things. >> stocks to watch today. i like that. time inc's -- >> you were meant to say there would be a wilfred week. >> right. >> you didn't still, even when pressed. >> a leading suitor dropping out of the bidding process. shares of elf beauty, i mentioned this a few times. earnings and revenues for this cosmetics company topped estimates and upbeat guidance was offered. the stock is soaring. this is one that ipo'd last year. it's eyes, lip, face. not ears. you don't put makeup on your ears. eyes, lip, face. >> some do. >> they really hit -- they struck a chord with millennials. they have lower than average price. the border adjustment tax is key for this company. a lot of their product is made in asia. >> mine would have to be ncf. nos

pass the m&ms, i'm brian sullivan. "power lunch" starts right now. ♪ ♪ wa

but first, brian sullivan has a look at what's coming up on "power lunch." >> at the top of the hour, market's nine-year love affair with the fed finally come to an end? we'll highlight what may be the actually most important thing for you and your money, right now. >>> plus, cheese and meat on bread is not only delicious, it's been an incredible money-maker for the past decade. domino's pizza ceo is here with a plan for their incredible run. and it appears mcdonald's has explaining to do after it sent out an offensive tweet about the president. they claim they were hacked. does that matter to twitter? when "power lunch" tips off at the top of the hour. back after this short break. is it because so many go after it the same way? chasing after short term returns. instead if getting caught up with the crowd, the investment managers at pgim take a long term view, teaming specialized active investing with risk-management rigor, to seek out global opportunities. we manage over a trillion dollars this way, attracting many of the world's leading investors. partner with pgim. the global inves

brian sullivan, tyler mathisen, melissa lee and michelle caruso-cabrera. >> that break story out of london, in which police are calling a terrorist incident. a man reportedly drove his car at a busy sidewalk before allegedly jumping over a gate at westminster. many injuries have been reported. wilfd

i'm brian sullivan in for scott wapner today. your top trade at this hour, waiting on washington. the health care vote about to take place. it may determine whether the trump rally will advance or turn into a trump slump. joining us now for the hour, josh brown, jim leventhal, and pete najarian, and head of u.s. equities strategy, also with us. everybody, stick around. we'll get to everybody on this important day, but first, let us set the scene at what is no doubt a very tense capitol hill, where kayla tausche is standing by ahead of the health care vote. kayla? >> brian, house republican leadership are rushing back and forth, scurrying about with a lot of pre-scheduled items on the calendar. but, just a few moments ago, the house majority leader was shrined by reporters here in the hallway and asked three separate times if he was committed to bringing this health care bill to the floor for a vote, regardless of whether it looked like there was enough support for it to pass. his answer was, why are you guys always so negative? he didn't answer the question straight on. reporters

i'm brian sullivan.in chief returns. 140 reasons why the market laser focused on the president. we are live at the white house ahead. >>> plus, are we headed for a showdown with north korea? kim jong-un rattling global markets by firing off four missiles. we're tracking the fallout ahead. >>> this one stock definitely in need of a hero. camera company getting hit hard in today's session. that and so much more coming your way as "power lunch" starts

. >>> i'm brian sullivan, along with michelle caruso-cabrera, and wilfred frost. welcome.uge news friday. krechlt o of mylan coming up. right now, breaking news from the federal reserve. let's get right to cnbc' own steve liesman. >> fed chair yellen, in no uncertain terms said a march rate hike would be appropriate if, when the committee meets later this month and judges the fed is on track to meet its goal. she goes on to say conditioned report, three rate hikes this year as far as she can tell. she says to markets, expect faster removal of the combination, aka rate hikes in 2017 than you've seen in the past couple

brian sullivan is also with us.ut herself, she did eloquently on cnbc a couple of times. nobody is saying drug price hikes are okay. the point -- i thought that was awesome, i wish i had thought of it, which is that americans, and you can talk more to this, because we're paying more out of pocket, we think prices are going up a lot more than they are because it's all cash. >> and everyone blamed heather on the epipen. >> so talk about the middlemen and also talk about how there are so many prices that are fixed into the entire system that drives the prices up for everybody. >> well, first, thank you, guys, because it's complicated. it's easier not to talk about because to fix it is going to require a heavy lift across the entire supply chain. >> what's the first thing we do? >> there's two things that needs to happen. there needs to be transparency. when you go to the pharmacy counter, you have no idea what it's going to cost until you walk up to that counter. i thought her demonstration was great. $25 last year, $6

brian sullivan is with us today from houston. brian, what do you have on tap? >> we've got a lot on tap, tyler mathi. sen, thank you so much. we have a bunch of ceos for our cnbc audience. conoco phillips, pemex and bp. not just pricing but political strategy, border swruchlt tadju. plus earlier today, we did a live, exclusive interview with the chair of saudi aaramco, opec compliance, whether or not russia was cheating and maybe that $2 trillion ipo. a lot more to do. >> looking forward to it, brian. meantime, health care front and center today. house republicans finally unwrap their plan. president trump backing the proposal and taking a new swipe as well. drilling down on the gop's health care plan in a moment. let's start with the area of market that's moving the most. meg tirrell, pressuring bio tech stocks once again. >> the president wanting to remind people that drug prices aren't mentioned explicitly. no plan to lower drug prices, the president has not forgotten about it. check out the tweet. working on a new system where there will be competition in t

i'm brian sullivan and "power" starts right now. >> welcome, everybody. that tech rally is fading a bit. we did get key levels here. google hitting all-time high earlier today is flat right now and the oil crush, that is continuing in today's session. take a look at this and where we stand down 1.8%, capping off a streak. ty? >> melissa, thank you so much. i'm tyler mathisen. here is what else is happening at this hour. transportation department says more than 53 million vehicles were recalled in the u.s. here last year. and that is a record high. massive demonstrations across south korea following a massive corruption scandal. nearly 40 million people are under a winter weather advisories, from ohio all the way up to cape cod as very cold weather moves through, bringing snow to these parts. some parts have gotten more than two inches of snow. imagine that. washington, d.c. mostly spared from today's storm. there's another storm brewing. there always is in the nation's capital and michelle is live there for us. hi, michelle. >> especially lately. hi, tyle

. >>> i'm brian sullivan. countdown to the fed is on. t-minus 59 minutes, investors widely expecting our third rate hike in ten years. anything could happen. we'll hear from the chief herself, fed chair janet yellen will hold a news conference at 2:30 pm eastern time. will the fed hit them in the hind or take a dovish tone? >> it's a big deal if we have a countdown clock. as we countdown to the fed we also count down to a key vote on the fate of obamacare. it happens tomorrow in the house. >>> coming up, from one house republican who says he cannot support the bill in its current form. remember, no health care reform? does that put tax reform in jeopardy? live on capitol hill straight ahead. >>> i'm melissa lee. a very close eye on snap. the stock on the verge of becoming a teenager. down 12% from its opening price of 24 bucks a share. is a big snap back in the works and is now the time to get in? we'll debate that, ahead. >>> welcome to "power lunch." tyler mathisen here. we have a big show on tap for you. we'll kick it off with that co

. >>> i'm brian sullivan, along with michelle caruso-cabrera, and wilfred frost. welcome. huge news friday. krechlt o of mylan coming up. right now, breaking news from the federal reserve. let's get right to cnbc' own steve liesman. >> fed chair yellen, in no uncertain terms said a march rate hike would be appropriate if, when the committee meets later this month and judges the fed is on track to meet its goal. she goes on to say conditioned report, three rate hikes this year as far as she can tell. she says to markets, expect faster removal of the combination, aka rate hikes in 2017 than you've seen in the past couple years. the economy, she says, essentially met the fed's goals certainly on the employment side and nearing it on the inflation side. 2% inflation goal. she continues to expect, however, gradual rate hikes and says the fed or the committee has decided it's appropriate to move to a neutral stance of monetary policy rather than one that is accommodative or stimulating the economy. not acting, the fed chair war n warre warrens waiting too long risks rapid rate h

>>> all right, and i am brian sullivan. here is what else is happening this hour. the senate intelligence committee denying michael flynn immunity in exchange for his testimony. panera bread rolling out new labeling of sugars in self-serve drinks. the first such move by a u.s. restaurant chain. and two biotech stocks tanking double digits right now. straight for details on why. meg? >>> tough day for biotech. we're checking out accorda. four patents around the big multiple clear so sis drug down 24%. because they have been invalidated, the one on ampyra represents about 95% of the quarter's revenue. it does plan to appeal. at the same time it is emphasizing it has pipeline products going on focusing on parkinson's disease. this decision hitting acorda hard. hitting pharma hard, down 20% before it was halted in a decision in which forward pharma has been fighting with biogen. they are popping on this news on the win here on this drug. it essentially would have ruled that biogen would have had to pay a 10% to forward pharma on this drug. this looking like they won't

. >>> you're watching power lunch with melissa lee, michelle caruso-cabrera, brian sullivan, and tylern on cnbc. [pony neighing] what? hey gary. oh. what's with the dog-sized horse? i'm crazy stressed trying to figure out this complex trade so i brought in my comfort pony, warren, to help me deal. isn't that right warren? well, you could get support from thinkorswim's in-app chat. it lets you chat and share your screen directly with a live person right from the app, so you don't need a comfort pony. oh, so what about my motivational meerkat? in-app chat on thinkorswim. only at td ameritrade. the market.redict but through good times and bad... ...at t. rowe price... ...we've helped our investors stay confident for over 75 years. call us or your advisor. t. rowe price. invest with confidence. >>> welcome back to the ypo edge summit out in vancouver. there you're looking live at a shot in newport news, virginia where president trump will be christening, i guess, or commissioning the aircraft carrier that gerald r. ford, and we're joined by the former cia director to talk about our defense

i'm brian sullivan. the tweeter in chief returns. 140 reasons why the market laser focused on the president. we are live at the white house ahead. >>> plus, are we headed for a showdown with north korea? kim jong-un rattling global markets by firing off four missiles. we're tracking the fallout ahead. >>> this one stock definitely in need of a hero. camera company getting hit hard in today's session. that and so much more coming your way as "power lunch" starts right now. >>> and welcome, everybody, to "power lunch." i'm tyler mathisen. stocks are lower to kick off the week with all three major indexes sporting somewhat modest declines, massachusetts dak the biggest of the three. financials posting the biggest losses and the new kid on the block, snap, is having its first down day since going public thursday. snap down now. michelle, nearly 7%. >> big intra-day move there, tyler. yep. i'm michelle caruso-cabrera. we have a busy two-hour show once again we kick it off with news out of the white house. pre

i agree with brian sullivan that it will be interesting when we get to the changes in the debt ceiling, et cetera. they won't be able to talk their way through that. that's going to need action. so the bill is still yet to be paid. the president's speech last night was masterful in the sense that he looked very presidential, and that seemed to catch his opponents by surprise. but legislatively they have a lot of work ahead of them. >> eric, we were watching interest rates move up over the past 24 hours. a lot of positive economic data globally contributing to that too. this keeps happening, is that a threat for the rally? if the fed starts hiking do stock prices fall? or do we see a replay of earlier in the 2000s? >> i think what we're seeing with rates and other economic things is that people believe that the tax cuts are coming. we recent will i did a survey of institutional clients, and many of them said the two most important things they cared about were the reduction in corporate tax rates and the reduction in rates for repatriating income that's trapped offshore. and what they he

the charge on it, my friend and fellow victor last night in the acc tournament, virginia tech, brian sullivan>> thank you. yeah, listen, we lost 7% of the price of crude oil in the last two days, so what better place to be still. there's a new restaurant, ceo of royal dutch shell, a minute away, comments from here, ceo of dow chemical as well, and president of the university of houston. a big lineup over the next couple hours as crude continues to slide you are known as the billion dollar buyer on cnbc. this is one of your restaurants you own of the we spoke about the price of oil. how important it is, not juto m when they fill up, the thing they touch the most from a pocketbook perspective. how much an impact would you see on your business when oil does what it's doing? >> when oil immediately dropped, gasoline came down, and, of course, the consumer has more money in the pocket, a couple thousand more a year. in houston, of course, it hurts us the most because we've laid off so many different employees in the city of houston, but it never happened -- we talked two years ago, if oil's in the

brian sullivan, i figured, monster trucks, should have known. i'm bill griffeth. comeback for stocks this morning, selloffs this morning, the dow down 183 points at its low on the heels of the gop health care bill pulled from consideration friday afternoon. questions now about tax reform and even potential government shutdown. we'll look at whether the trump trades in place since the election are still worth pursuing right now. >> yeah. the hospital stocks are getting a pop today again. we got someone who says although obamacare is staying, some of the names are in trouble. she'll explain which ones. >> first on cnbc interview, chicago mayor and former white house chief of staff rah rahm emanuel live from the nasdaq market site to ring the closing bell in the next hour. but we begin with this market turn around and washington's turn, the pivot to tax reform. bob pasani at the stock exchange. bob -- >> we have had a very impressive turn around. folks, you missed a great open if you didn't see it. down 200 points at the dow at the open, and came back through a combi

i'm brian sullivan. stocks are stuck like your car might be. intale big reason. intel shares down 2% on that mobile eye buy out. oil continueding its slide. crude falling below $48 a barrel earlier today. one thing that is higher is gold and guess what? gold is rising for the first time in ten session. >>> i'm melissa lee. here's what else is happening. the atlanta fed naming rafael bostick as their new ceo. >> scotland is breaking away from the eu. >> lincoln sales in china have tripled in the past year. >>> welcome everyone i'm tyler mathison. we have another jam packed program on tap four and we kick it off with the deal of the day. intel buying mobileeye. the shares shooting up by 30%. we have both sides of this big story covered. phil lebeau looks what it means for the future of self-driving cars but let's start with john fort. >> three points i want to bring you from this conversation dealing with this acquisition and what it means for the road ahead for intel. he was talking about m and a in general. he said that perhaps in the past intel hadn't done so we

pass the m&ms, i'm brian sullivan. "power lunch" starts right now. ♪ ♪ i want candy ♪ i want candy >>> i love m&ms and i think there's a new candy. welcome to "power lunch," everybody. sweet moves in the market at this hour. s&p erasing its march deficit going positive for the month. seeing its fifth straight day of gains. the dow has 100 point deficit to make up to break even for the month. a few notable movers, here, expecting annual grows through 2021 and will return $8 billion shareholders. investors don't seem too impressed. the stock is down about 4% right now. goodyear tire also lower. it was downgraded to a neutral from a buyover at goldman sachs evaluation call and chipotle shares are moving higher to 2 1/4%. tyler? >> mely sarks thank you very much. welcome, everybody. here is what else is happening at this hour. good news for home buyers right now, morgan's rates are falling again. 30-year rate dropping to its lowest level in a month, averaging 4 .4%. not as low as they used to be, but still pretty low. the

. >> this is brian sullivan.is going on at uber and why do you think the valuation has not come down in the private markets given the scandal and executive turnover? >> yeah. it's been rough. the thing with uber is, you don't actually change the valuation until you raise additional financing. you see companies that run into problem never get written down until the next round and so hypothetically speaking it could be that uber is written down. i think what's tricky with it is that if employee morale is low and stays low, that's a really big threat for all of the work that they need to do to make self-driving cars work. so there's a big -- too do you think the valuation -- >> a big task at hand. >> can i -- >> if they have to raise another round. >> depends if they need the money or not. >> they're lose 2g billi$2 bill year. >> they might need to raise more and do it on debt, might have to do it with strange terms so it keeps the same valuation but additional sweeteners the investors get. a lot of different financ

haven't been heard from this time, but i do think we have that great conference going on that brian sullivan'sthat i know the speculators are going to get blown out of here. that's who's getting blown out. >> because of their long positions. >> yeah, they all thought it was going to 60. speculators have been really quite wrong in oil. and the giant position of speculators is rather extraordinary when i saw it, i couldn't believe how much it was helped by speculators. wow, were they wrong. really wrong. must have been hedge funds again. >> wow. look at that below 50. >> yeah. >> i was just taking a look at the board of directors of aig because this morning of course if you haven't heard peter hancock, current ceo of the company, announced his intent to resign that position after aig completes a search, what they call a comprehensive search for his successor. you can see shares of aig are up this morning on this news. he'd been sort of fighting to a certain extent. >> yeah. >> for his life for a bit of time now. and interesting to note his quote at the end of the press release announcing his int

i'm michelle caruso-cabrera, along with melissa lee, tyler mathisen and brian sullivan. three hours of testimony from fbi director james comey who maybe wants to get something to eat, go to the bathroom. he asked to take a break along with nsa director michael rogers. they are being grilled on russia, wiretaps, classified leaks, president trump. we've got it all covered for you. eamon javers, what are the headlines? >> dramatic revelations from the hearing so far this morning. we asked whether we were going to get aens from two major questions here. the first one was whether or not comey would say anything about whether president obama had ordered wiretapping of president trump during the campaign. we got an answer to that question. the other one was whether or not comey would say anything at all about an fbi investigation. will he confirm the existence of that investigation? he did so. here is that moment on tape from earlier in the hearing. take a listen. >> the fbi, as part of our counterintelligence mission, is investigating the russian government's efforts to interf

. >>> you're watching "power lunch" with melissa lee, michelle caruso-cabrera, tyler sullivan, and brianathison. flrs >>> welcome back, corporate tax reform is not the only driver for the post-election rally. it's also deregulation, not just financial deregulation or environmental deregulation, but all kinds of deregulation. just one example? the rules about how many television stations a company is allowed to own. take a look at the stocks of sinclair. up 56% since the election. 20% since the election for tribune media. why? on the belief that ownership rules will be reinterpreted or relaxed, and that the two companies could be allowed to merge. here's the deal. right now, there's a 39% cap on percentage of the household a company can reach with their tv stations. sinclair owns 173 stations in the united states, and reach 38% of u.s. households. tribune owns 42 stations, they are bigger, reaching 44% of u.s. households. legacy issues why they are above 39%, but the new chairman. fcc, pai, he says the rules are antiquated in this day and age. there's more choices for consumers because of