this is about industrial unrest the more as morningstar says nurses scrap the wage cap all well strike the morning star claims probably correctly that there is a risk of having a strike as a result of the problems in the health service or aging the royal college of nurses and that's a fairly reliable source so you would say well money stars found to be trying to stir it up and on this occasion they are saying that john a davis is warning the chancellor of the exchequer that if he doesn't pull its finger out and get decent wage rises to then it's as still going to go wrong this on top of the fact that the n.h.s. can't currently recruit enough nurses that's tied into brac set and probably to do with poor wages too and lots of problems brewing of course he alleges paid for by tax very hard at the rate that other countries some other countries do g four s. results today though four billion in revenues why don't these nurses who are on low pay get shares in g four s. who get the contracts despite being under a lesser. fo serious for diversification the same purpose a brilliant idea option l

media not as interested in this story as they are in venezuela for some reason there's going to morningstar this is about industrial unrest the morris morning star says nurses scrap the wage cap all well strike the morning star claims probably correctly that there is a risk of having a strike as a result of the problems in the health service or aging the royal college of nurses and that's a fairly reliable source so you would say well many stars down to be trying to stir it up and on this occasion they are saying that john a davis is warning the chancellor of the exchequer that if he doesn't pull its finger out and get decent wage rises to then it's as still going to go wrong this on top of the fact that the n.h.s. can't currently recruit enough nurses that's all tied into brac set and probably to do with poor wages too and lots of problems brewing of course the edges paid for by tax very hard at the rate that other countries some other countries do g four s. results today though four billion in revenues why don't these nurses who are on low pay get shares in g four s. who get the contracts

. >>> and the best of the best morningstar unveiling the top fund managers of 2017. we'll speak with two of them, how they beat the market and what they are betting on this year "power lunch" starts now ♪ >> the dow, s&p and nasdaq all hitting all-time highs, but the dow giving back gains although it was now we are back up let's call it flat intel and ge are the worst outperformers but apple and ibm are trying to weigh on the index which is again flat. airlines grounded following united earnings, american, delta, alaska, southwest down more than 4% the dollar is the story of the day skidding to a three-year low. the treasury secretary says he may welcome a weak dollar in the short term for trade after a massive move yesterday netflix up again today we'll get to that. right now back out to davos, switzerland and michelle. >> i'm in switzerland, thanks so much taxes and trade are the big themes on everyone's mind here straight ahead i'll run you through the biggest names in business and geo politics and what they are saying plus darrell white, the bank of montreal we'l

this puts it on par with the morningstar investment conference.s still way below schwab impact, but this could be the biggest conference overall. etf's have $5 trillion right now and you look at the growth rates , etf's took in more money than they had in assets when this conference started in 2008. 2 things -- vanguard and blackrock are invested in the conference, and they are taking it will stall the money. that is a good sign. accountants, custodians, lawyers. it involves the whole ecosystem. that is why this thing could in a decade's time be the biggest investment conference. julie: your second observation 95-5at you are calling the phenomenon. explain in etf's when you talking about. 95% of the media coverage and was affects 5% of your port for you. at this conference they had quincy jones, who is going to be promoting an etf called qj coming up. this is the stuff that people buzz about them but almost all of the money goes to the chief data and smart beta products. that is part of what you saw in the panels. ago smart five years beta was a c

patrick is the morningstar senior fellow director of research at the institute and will look at the background of these protests. what is happening inside iran economically to his the unrest. then return to our colleague that is one of the most skillful interpreters where they might be going in the future. then return to my guys instead as the director of military and security studies in looking at those securities services. what that might mean with iran and inside and outside then finally so how those protest could reverberate and in places where iran is spending those millions of is part of their grievances. so as part of all of this we will talk about what u.s. policymakers should be doing about all of this. so far the trump administration has tried to demonstrate its support through statements of u.s. officials and has tried to rally an international response or pressure to complement the u.s. statements so far they have been relatively mild compared to american statements and i'm sure we will see this develop as days and weeks unfold may be more sanctions or human rights abuses and inevi

patrick is the morningstar senior fellow and director of research here at the institute. and he's going to look at the background to these protests. where are they coming from, what are the causes and what's been happening inside iran, especially economically that can explain the unrest we're seeing and then we'll turn via video to our colleague, one of washington's most skillful interpreters of domestic events in iran and he'll look where the protests are now and where they might be going in the future. and then we'll turn to mike eisensta eisenstadt. mike is the director of our military studies program at the institute. he'll look at the role of security services in these protests and also, what the protests might mean again for the-- what it will mean. and i'll turn to hanin ghaddar, he's going to look at how the protests might reverberate in lebanon, outside of iran's borders, certainly in places where iran is spending the billions of dollars that the protesters have cited at one of their grievances and throughout all of this, as is our practice here at the washington

the stock will downgrade to sell at morningstar. oil search sliding as crude prices take a tumble. they have resumed growth and we are watching a w eight reaching awa reaching a packed. ramy: let's get to first word news now with jessica summers. president trump is preparing to deliver his first state of the union address. he is hoping to let saggy approval ratings. the president is expecting to top off growth -- talk about growth, gdp and stocks and call for action on immigration and trade. a free-speech lunch with television news anchors saying that he is driving for unity and is looking to bring the country together after a divisive 12 months. the issues says that caused by verizon are clearing up. does lower economic growth as a result of the point is becoming more straightforward. the bank will make its latest policy announcement when it will also deliver new productions for the economy. six years after ford regained a new credit name, they say this could be a risk. the agency lowered its outlook from stable to negative setting

it happened all the time so, now, the question is, how would wynn resorts operate without wynn, morningstar analyst says that wynn resorts has a deep sort of talent. that there are design development executives who could lead the company in the future ian coughlan was on the earnings call, and when steve wynn was asked about possible successors in 2011 he himself pointed to linda chan who is the cheeief operating officer about wynn and there are questions what the board knew, if they knew anything, and if they didn't, why didn't they. >> okay. here's the complicated part, right. i was thinking about this over the weekend. there's a huge valuation ream that's be premium assigned to this company. historically, people thought he was the magic sauce in this company. so, he goes does the value of the company go or come down because of this. flip side do we believe that companies and/or individuals won't stay at these hotels as a function of these -- >>s th s th >> that's what i was going to say. >> -- as a function of these allegations. meanwhile, not to make it political, we've had allegations

senior analyst at morningstar. r.j., what do you make of the mcdonald's numbers >> yeah.ight in line with consensus look at the u.s. numbers right there at four, five. market was looking for a little bit higher generally a pretty good number they had the new dollar menu in place as well as mobile ordering and delivery going to be ramped up on top of that, too, was some of the tax proceeds they'll be looking to expand their experience of the future initiative the international markets look strong it was a pretty good quarter a continuation of a lot of the initiatives they have in place seems like it's working. >> fourth quarter earnings down 40% just on the expense of the tax bill that's a one-time issue. the stock traded down by a dollar, now down 28 cents. how would you be telling people to read this you sound like it's pretty positive would you trade it up here >> yeah. if there's any kind of weakness on the quarter, take advantage of it. i think this is a name that has a full head of steam going into 2018 a lot of the initiatives i just mentioned. i think that's going