senator richard blumenthal joins us. and the president in baton rouge, louisiana.to make a statement during "power lunch." we'll have it for you. and tesla making some kind of big announcement. when it happens we'll be all over it. see you seen, melissa. >> see you then. >>> and heating up, sarat now in second place up 27%, and you actually made a trade today? >> i did. taking money off xpo. a great run. bought it specifically because this is a logistics company up 37%. still like it. own it in our portfolios, a way to go, but i want to trade into air lease. one of the leading lessors for planes. 200 customers. look at its book, 100% is already visibility for 2017. 90% for '18 and 80% for '19. 8.5 times earnings, good play to play gdp growth with diversified lessor acrossthe board. >> remember, follow all the akd @cnbc.com/pro. >>> our residential value investors always on the hunt for names that the market is underpricing. step, up effects. >> macy's. 12 times earnings, 4% dividend yield. why i think it has more room to go. i do think this is a longer term positio

we talked to senator richard blumenthal who said he was going to look at it.e talked to chuck grassley. he said he's going to look at it. >> the whole reason they're able to charge $608 for two epipens is because they have patent protection -- >> i'm not talking reason, mike. i'm talking washington! >> the reason why washington never happens in washington on this specific issue is because if they had to take a look at it, there would be -- >> are they going to get their trades off first which they're allowed to do and then go and do their voting. the whole thing is preposterous. >> talk about ultimate skepticism. got a question, send us a tweet and check out our website. we have the hottest options news, videos throughout the week and exclusive trades. check out our super cool newsletter. we have over 100,000 subscribers. what are you waiting for? here is what's coming up next ♪ >> that's what investors have been asking about, interest rates. the answer might not be what you think. we'll explain. investors have been flooding the a number of retail stocks this

joining me now is richard bl blumenthal. >> thank you very much. >> this proposal to have triple theebates to customers because they cannot slash the price of the drug, that was heather saying that today, is that enough for you? >> nowhere near enough because it really is more a pr fix than a real remedy. what is needed essentially is price reductions not just for few in a select group of health pens or people to have the bureaucratic rebates. i have heard from many people in connecticut and around the country, hundreds if not thousands who have stories and unaffordable and inaccessible this life-saving drug is. mylan has virtually 100% of the market. there needs to be an investigation about why this price has risen 600 or 700% and what should be done about the broader problem of price increases. mylan should do the right thing and show it has a moral responsibility instead of being morally bankrupt. >> she said she personally reached out to every senator who sent a letter to her. i know you sent a letter to company. did you hear back or have you spoken personally with heather? >> i

. >> reporter: jenna, this letter was sent to 13 airlines from senator edward markey and richard blumenthal. they want to see plans in place to avoid these computer system blund that's aers that are para airlines. there are calls for airlines to take better care of customers when the cancellation is clearly the airline's fault. senator markey wants the airline to pay to put you on a competitor's flight, imagine that. a few weeks ago delta's computer system crashed, a disaster for the airline. nearly a thousand cancellations, a total nightmare. southwest had a similar situation in july. senator markey wants airlines to use some of the extra billions of dollars raked in in recent years from cheaper jet fuel to update aging computer systems, which as we saw this summer can be quite vulnerable. >> airlines should use their record profits to invest in new technology and implement transparent and fair policies that protect and compensate the customer. >> reporter: we could see legislation that makes some of what markey proposes a reality. airlines are way too dependent on antiquated computer syst

a lot of them, those that did spend the time to speak with me for a couple minutes, richard blumenthal, from connecticut and elizabeth warren for quite a while on this. they are concerned about this. those are two democrats. they do think about this a lot. they get these reports, these reports are landing on your desk by the dozens, these think tank reports. but members of the congress are concerned about where do these reports really come from them and who pays from them. don't we need to know about them. that there is some discussion of, for example, there is some discussion, when you submit comments to the agency on a proposed rule and -- ase doing at as a dish a think tank scholar you should disclose you have a financial is -- interest. that should be disclosed as part of the comments, we need to know that information. you're an expert and your argument is much more persuasive than the average person. when you come to testify a congress maybe you should have to disclose who funded your study. there are these truth and testimony forms you fill out. funded bysearch get any particular

they found out massachusetts senator ed markey wants to make sure -- senator ed markey and richard blumenthal they want to know more about the airlines i.t. system and how they accommodate passengers during the failure. recent outages in southwest and delta air lines cause thousands of passengers. >> the senators are computer system could fail because of the way they are designed and maintained. they ride with delays are not only an expense for consumers but they can also harm our economy. >> an aviation expert says without safety at thaik really isn't an issue for congress adding airlines -- they are make money. we reached out to the fourth largest airline and received confirmed they received the senator's letters. american and delta says they're reviewing the letter and will respond as appropriate. southwest told us they have invested a lot of time and moneynd making sure that the computer systems are secure and backed up. the senators ask that the airlines respond by next month. fell, fox 25 news. >> they also want some answers about safeguards to prevent failures and cyber security expert

we will talk to that man there, senator richard blumenthal, one of those lawmakers behind the initiative. he and senator marky from massachusetts sent a letter today to those airlines seeking answers to the latest glitches here. >> and reporting earnings after closing today, tech giant getting toward layoff 14,000 employees, nearly 20% of its work force. shares down about 1% on the news with those earnings coming up. >> over that over the next couple of hours. let's get to fed minutes and market's reaction in a minute. first a closer look at today's earnings mess in retail. courtney reagan has the low down for us. plus some recap of the special guests you had last hour. courtney? >> hi, bill. remember last week we talked about retail resurgence, but i said, whoa, not so fast? today target's traffic is the lowest it's seen in a year and half. comp sales hit pretty hard. target posting first comp decline in eight quarters. now earnings lead by a wide margin but that's largely because of cost cuts so target went ahead and cut its comp forecast for both the third quarter and fourth quarter a

but the most blistering reaction from senator richard blumenthal in a statement here's what he said.eems like a pr fix more than a real remedy. masking an exorbitant and callous price hike. this baby step should be followed by actual robust action. >> all right. thank you so much. keep us posted. >> thank you. >>> still to come -- it's in the eyes, the body language, and the gestures. what we learned from the people who stand behind candidates at the rallies. ♪ abdominal pain? bloating? you may have ibs. ask your doctor if non-prescription ibgard is right for you. ibgard calms the angry gut. available at cvs, walgreens and rite aid. >>> all right. welcome back. a lot can be learned from the people who attend the rallies held by the presidential candidates, especially those who stand right behind the podium. here's jeanne moos. >> reporter: what happens behind donald trump doesn't stay behind donald trump. >> hillary clinton is a bigot. >> reporter: it guys viral. the latest trump supporter to react with shock to the donald's words was pounced on by a critic who wrote, we are all this

. >> can be connect senator richard blumenthal plan a pr move, not a real fix. minnesota senator amy whose daughter uses an epipen says it's just not enough. >> we've seen these prices creep up and up every single year. i think it's wrong and that's why the laws have to change. >> reporter: josh earnest question the mortgage of any pharmaceutical company that life-saving medicine consistent with a stated mission of providing life-saving medicine to lots of people. >> reporter: myland's ceo blames insurance companies noting higher doublables. lawmakers are requesting more information from mylan and want a congressional hearing once back in washington. jacqueline fell, fox 25 >>> more than 25,000 baby strollers are being recalled because of a defect that can cause the child to fall out. it involves safety one and step and go strollers, sued at babys 'r us, walmart and amazon. the company is offering a free repair kit. >>> a lot of people on twitter were asking me about this because they weren't sure if it was real. a local company called slaughter held a meet and

. >>> connecticut senator richard blumenthal and maryland congressman elijah cummings called milan's plan a p.r. move and not a real fix. amy's daughter who uses an epipen says it's not enough. >> we've seen the prices creep up and up every single year. it's wrong and that's why the laws have to change. >> the reporter: white house spokesman josh earnest questi pharmaceutical company that suddenly raises prices. >> jacking up the price on life saving medicine is inconsistent with a stated mission of providing life saving medicine to lots of people. >> the reporter: milan's c.e.o. blames insurance companies, noting higher deductibles, leaving patients having to pay more of the cost of the drug. number of heroin related overdoses has the c.d.c. concerned. we've reported on the ongoing heroin epidemic in new england for more than a year and authorities are now saying that the increased overdose deaths in other parts of the country may all be related to so-called bad batches, which is heroin laced with other substances. last week the obama administration announced $17 million in funding

. >> reporter: democratic senators edward markey and richard blumenthal sent a letter to 13 different airlines including delta and southwest suggestioning changes and asking about plans to avoid the blunders in the future. >> airlines should use their record profits to invest in new that protect and compensate the customer. >> reporter: trade group airlines for america says those profits are being used saying carriers investigate $1.5 billion per more into products and technologies to make flying better. >> you have to make sure that your production systems are robust, so you're building them to be as fault-tolerance as possible. if you have failures in the systems you have other systems to take off. >> reporter: joseph george works with airlines on >> we evolved to the point that technology is the backbone of how businesses run their operations. so it's to the point that when the systems that rely on those technologies, when those systems fail, the business can't run anymore. >> passengers want dhangs now. >> they need to come up with a backup plan or something. >> senators blumentha

this is senators edward mark key and richard blumenthal.ave to avoid these kinds of blunders that paralyze the airlines. and it also, in the letter is calling for airlines to take better care of customers when a cancellation is clearly the airline's fault. now, senator markey would actually like to see airlines pay to put you on a competitor's flight. now, the most recent meltdown just a few weeks ago, you'll remember delta's computer system crashed. a disaster for the airline, nearly a thousand cannes layings. it was a -- cancellations. it was a nightmare for passengers, and southwest had a similar situation back in july. senator markey also wants airlines to use some of the extra billions of dollars they have raked in in recent years from cheaper jet fuel and baggage fees to update aging computer systems that as we saw this summer can be quite vulnerable. >> airlines should use their record profits to invest in new technology and implement tran parent and fair policies that protect and compensate the customer. >> reporter: well, they have

so going forward, lawmakers like senator richard blumenthal of connecticut are pressuring this company to appear on capitol hill to justify the prices. in fact, blumenthal just couple hours ago, he called mylan's move today, this is quote, a pr fix and a baby step, doing nothing, charles, to fix the situation of health care in this country. charles: you know, lauren, i'm inclined to agree. it. is obamacare really to blame for the epipen sticker shock? former health and human services deputy secretary. tevi, here the thing. i heard the statement from the heather bresch, the ceo and talking about the payment card and not paying anything out-of-pocket. that doesn't address the issue of price, whether you pay it out-of-pocket or not, the enormous price hike they enjoyed with the only company with this product out there. >> charles, i just love this story where the democrats criticizing the ceo and the democratic senator being, you know the father of her. then you have mylan gave money to the clinton foundation but didn't give it since 2009. so i guess they haven't given recently enough to

. >> reporter: democratic senators edward marquee and richard blumenthal members of the commerce science3 different airlines including delta and southwest suggesting changes and asking about plans to avoid these blunders in the future. >> airlines should use their record profits to invest in new technology and implement transparent and fair policies that protect and compensate the customer. >> reporter: trade group airlines for america says those profits are being used saying carriers are investing 1.5 billion per month into products and technolog make flying better isn't you've got to make sure that your production systems are robust, you're building them to be asphalt tolerant as possible. if you've got failures in the system you've got other systems that can take over. >> reporter: joseph george works with airlines on technology. >> we've evolved to the point that technology is fundamentally the backbone of how business is run their operations. it's the point that when the system that rely on those technologies when those systems fail, the business cannot run anymore. >> reporter: pas

richard blumenthal, and iowa senator, chuck grassley, a two pack, 2009, $100., depending on where you buy it and what state you live in. mylan is telling us that the changing health care landscape is partly to blame for the rising costs for consumers, especially those who have to pay the -- the sticker shock, the portable portable injector, just a few dollars. a year ago today, jaw dropping 11,000 points at the beginning of the trading day. now we're seeing it down just 17 points. what a difference a year makes. >> a good difference. thanks so much, allison. >>> it has been a central part of donald trump's speeches on trade and his promise to bring america's job back. he has attacked carrier, a company that makes heating and cooling equipment to shut down and ship the jobs to mexico. cnn has found carrier workers aren't necessarily buying into trump's message. christi christine sat down with them. >> it is counter intuitive. you would expect these workers to support trump at the very least, because he is drawing attention to their cause, right. but this just un

senator richard blumenthal of connecticut. >> thank you. >> by the way, mylan telling cnbc in part, with changing in the health care insurance landscape an increasing number of people and families are enrolled in high deductible health plans and deductible amounts continue to rise, this shift has presented new challenges for consumers and they are bearing more of the cost. >>> got a news alert in the bond market right now. two-year notes up for auction. rick santelli checking the action at the cme. what's the demand like, rick? >> i'll tell you, michelle, i was surprised. i gave the auction a b, and i was probably conservative there. 26 billion kicks off 88 billion in supply this week with the aforementioned two-year note. the yield at the dutch auction 0.76, arguably closer to a basis point lower than yield higher price that's a good thing if you're on the sell side of the equation. so there's where the b comes in. 2.83 bid-to-cover, basically $2.83 chasing every dollar's worth of securities available. pretty much that's spot-on ten-auction average as is 45.8 for indirects. the one area

>> we were talking to senator richard blumenthal yesterday and i essentially asked him how far do youou go across product portfolios of the various pharmaceutical companies and say you increased prices by this percent and therefore you're now under scrutiny. >> there are also a bunch of generic drugs and prices are so low dropped out of the market, they've taken advantage, found the drugs and jacked up the prices. because it takes years for that competitor to get back into the market. the issue is let's make it affordab affordable, efficient for those people to get to market, ensure there's lev competition in the field. >> how do you make it affordable and efficient? it costs a lot of money for r & d? >> it's not because prices are low, it's because generics have merged and we don't have enough competitors in the market. we do have an antitrust problem there. the bigger problem the overall drug market are the monopolies conferred by patents and ere exclusivities. it's not like that fell from the sky. they're responding to the industry lobby. >> what about the fda though? when it comes