Making the case for why conventional television isnt going away, not so fast, and why cord cutting isnt such a big deal keep that dial tuned here because power lunch is beginning now. Any gains by the major three averages would give them record closing highs, energy is the best performing sector today thanks to oil, crude, in fact, topping 50 bucks for the First Time Since august 10 Tenet Health Care shares soaring. Reporting the company is exploring a possible sale. Michelle got it melissa, thank you. Heres what else is happening. The federal trade commission is opening an investigation into the massive breach at equifax. The companys ceo is set to testify on october 3 before the house energy and Commerce Committee and the chairman of that panel will join us in the next hour on power lunch. Equifax stock sitting at twoyear lows. Facebook is launching a new Crisis Response center to help users during disasters and attacks. And bitcoin is tanking 10 after a big Chinese Exchange said its
Reporting, what exactly chinese banks are and are not doing Going Forward with north korea . Sure. First of all, thank you for bringing it up. I think its an important topic. I did have the opportunity to go with the president to the u. N. General Assembly Last week. It really was an incredible experience, sitting in the General Assembly and listening to his speech. He also signed last week in new york an executive order, which gives the Treasury Department the most extensive powers on sanctions that we have ever had. These are very important powers. We will be careful in using them, but we think they will have a very big impact. I have to emphasize that its a Going Forward basis. Have they been exercised yet . They havent. We did have sanctions this week that was additional sanctions that were allowed under the executive order, but as it relates to financial institutions, as i have told my counterparts, it will be on a Going Forward basis. Obviously we are concerned about historical a
Correspondents on the 2016 president ial campaign and the first few months of the trump presidency. Cohosted by atlantic magazine and the aspen institute, this is just over an hour. Were going to get to tax reform because thats a very big issue set in motion by the president yesterday. I want to talk about a couple of issues that are also related to the Treasury Department because they are an important part of what you do and what the country is trying to achieve. Specifically with north korea. David petraeus on the stage saying he and others discouraged by trade numbers indicating china is trading with north korea. New sanctions were applied last week. What is your level of confidence those sanctions will change materially the chinese behavior . Can you clarify, because theres been different reporting about this, what exactly chinese banks are doing Going Forward with north korea. Thank you for bringing that up. Its an important topic. I did have the opportunity to go with the preside
Experience will continue to see that in the most exciting way possible. One of my biggest most exciting challenges. Thank you. [applause] we are going to get to tax reform because that is a big issue set in motion by the president yesterday but i want to talk about issues that are an important part of what you do in the country is trying to achieve. With north korea, and general David Petraeus said he and others are discouraged by the recent trade numbers indicating china still trading with north korea, these sanctions were apply last week, what is your level of confidence those sanctions will change materially chinese behavior . Can you clarify, there has been different reporting about this, what chinese banks are and are not doing Going Forward with north korea . For bringing that up. It is an important topic. I did have the opportunity to go with the president to the Un General Assembly last week, it was an incredible experience sitting in the General Assembly listening to his speec
Were going to get to tax reform, because thats a very big issue. Set in motion by the president yesterday. But i want to talk about a couple of issues that are also related to the Treasury Department, because theyre an important part of what you do and the country is trying to achieve. Specifically with north korea. David petraeus was just on the stage a few moments ago saying he and others are discouraged by the recent trade numbers indicating that china is still trading with north korea. New sanctions were applied last week. What is your level of confidence those sanctions will change materially . The chinese behavior . And can you clarify, because theres been different reporting about this, what exactly chinese banks are and are not doing Going Forward with north korea . Sure. So first of all, thank you for bringing that up. Because i think its a very important topic. I did have the opportunity to go with the president to the u. N. General Assembly Last week. It really was an incred