Because of some strong gains from unh, Johnson Johnson and Goldman Sachs. We will keep an eye on futures this morning as we continue to get the Earnings Reports ibm today lets look overnight in asia. We have seen japan close higher. Youre looking at a gain of almost 27 points, 21,363 hang seng closed marginally higher the hang hishanghai was up by a quarter. In europe, in some of the early trading, the dax is the leader, up over 0. 6 cac up by a half percent the ftse is up by a third of a percentage point if you look at crude oil prices, you will see at least this morning crude oil prices are up 16 cents 52. 04 for wpi. Brent crude up by 41 cents ibm shares are jumping this morning on better than expected results. The company beat on both the top and bottom lines but ibm still saw its 22nd straight quarter of revenue declines the cfo addressing those declining revenues on the Earnings Call last night as we said at the start of the year, and reiterated again in july, we said we would see improved trajectories in the second half of the year relative to the first half. Our Third Quarter performance reinforced that. While we have more to get done in the fourth t shows were on the right course and shows our confidence and strategy is well placed ibm expects to finish the calendar year with at least 13. 80 s in earnings per share, 5 cents above estimates. That stock now back at about 153. 19 sort of a tale of two different types of Share Holders there are the true believers who think this strategy is working and those who look at revenue numbers. And that is the one and only data point you need to be in the negative category. With ge they say 4 , that shows you how unsecure the dividend is. Its way too high. They dont say that about ibm. Twitter, one thing i did see last night, all of the commentary that its a tax wriwritrate they do tax avoidance strategies we keep hear about financial engineering, but the stock is up to 153 buffett is in it at 170. Weve been talking about it from 140 to 180 its a nice bounce but i dont know if you can say the corner has been turned when a lot of the same things weve seen over the last 22 straight quarters are still happening. If you do the math, seven points, you know why the dow is trading higher this morning, in large part because of ibm. The s. E. C. Is charging rio tinto and two former executives with fraud the regulator claims the mining giant tried to cover up a multibillion dollar loss of african coal investment. In 2011 rio tinto purchased coal assets in mozambique for 3 billion and sold them for 50 million. The s. E. C. Says the Company Inflated the value of the assets to hide the loss and raise money, billions from u. S. Investors. Rio tinto denies any wrong doing. They call the s. E. C. Case unwarranted. Shares of pg e are rebounding after a man was suspected of arson in the fires that devastated Northern California shares of the utility had fallen 18 since october 9th amid concerns it could be found liable for the fires this would make that difference. The cause of the fires remains under investigation, but a newspaper in santa rosa reported that a 29yearold man was arrested on arson charges after he was seen leaving a creekbed where a fire was burning in political news, nafta renegotiation talks have talled, but a shortterm deal on healthcare is gaining traction and may have support of the president. Kayla tausche joins us from washington with more reporter that Bipartisan Health plan that been in the works for more than a month. It would be a narrow shortterm fix to stabilize the market it would pay cost sharing reductions to insurers for two more years, extend catastrophic plans for those over age 30 t would preserve coverage for essential health benefits, one of the key tenants of the Affordable Care act. President trump after flipping between supporting the deal and not supporting it yesterday, and between flipping from canceling those payments to insurers last week and now supporting a bill potentially that would restore them, he called last night in a speech for continued efforts for a full repeal and replace. While i comment the bipartisan work done by senators alexander and murray, and i do commend it, i continue to believe Congress Must find a solution to the obamacare mess instead of providing bailouts to Insurance Companies. The shortterm deal has been reached in principle it has note been officially rolled out yet but senator alexander will be speaking at an axios event this morning. Well listen in on that. On trade, the top u. S. Trade official, Bob Lighthizer told reporters yesterday theres no active process to withdraw from nafta, but will consult with President Trump after closing statements to negotiations yesterday showed in public some disagreement between the u. S. , canada and mexico. Canada called the proposals designed to favor American Manufacturing turning back the clock on 23 years of predictability the three countries agreed to extend talks through the First Quarter of next year after acknowledging it will take quite a bit more time to bridge what they call significant conceptual gaps in their approach lighthizer said he had seen no evidence in this round that the two trading partners could meet the u. S. s demands we have a 5 500 billion trade deficit. For us, trade deficits do matter we intend to introduce them. Im disappointed by our negotiating partners on both fronts the bulk of that trade deficit comes from china, but even so he lighthizer listed several areas where he felt canada and mexico needed to reach more agreement with the United States. One area that all the countries could agree on yesterday, they need more time the next round will begin in one month in mexico. Thank you we want to check on the biggest healthcare stocks this morning. Lets look at the board there. Looking well, United Health up just a bit. Everything else unchanged. A federal judge in hawaii has blocked a major part of President Trumps revised travel ban. That ban was set to go into effect today it would bar most nationals of syria, libya, iran, yemen, chad and somalia. The ruling does not apply to parts of the ban restricting travel by certain North Koreans and venezuelans. The white house says the decision is wrong. Chinas president xi jinping opening the communist Party Congress today with a pledge to build a modern socialist country for a new era. He used the term new era 36 times in that speech it lasted nearly 3 1 2 hours the congress will conclude with the selection of a new Political Committee that will rule china for the next five years. President xi is expected to consolidate his grasp on power with this. Well get a live report from beijing at the bottom of the hour i like that is there any country more capitalistic than china . Theyre better than we are now still forming a socialist lets get to our guest host, nicholas burns, former undersecretary of state during the 43, during the george w. Bush administration, former ambassador to nato and greece. That was a cushy gig, wasnt it. Terrorism, antiamericanism but you could make it to mekanos in how many minutes . Not minutes if you were with this administration, you could take a private jet over ambassador burns, thanks for joining us we were over in we werent getting makeup, we were getting coffee my point to you was the rhetoric on both sides in this north korea situation, it could not get more incendiary and inflammatory the last one was kim jongun saying that were like a hair away from total nuclear war. The south korean stock market goes up. Markets here go up all we decided is that people dont leave him or believe that war is imminent. War is not imminent nobody wants war the North Koreans are interested in one thing, the survival of that family that runs that country. Its a rational regime, its brutal, a human rights violator, but they want to survive mattis has given a clear message to them six weeks ago. If you attack south korea, United States or japan, we will inflict punishment on you. Thats what weve been doing to terry them since 1953, the father, the grandfather, the grandson is the grandson different he owns a Nuclear Weapons force, the fwraer didnt have th that, but hes boxed in. The chinese dont want to get involved so theyre champions in rhetoric, the North Koreans, and i see the Trump Administration looking for negotiations they turned up the heat. You have u. N. Sanctions that are tougher now than before. You have u. S. Financial sanctions inflicted upon them. I think the administration has a chance to move the North Koreans, eventually, sometime in 2018 or 2019 to negotiations but the probability of war quite low. Heres the wildcard, the administration has been disciplined, mattis and tillerson, the president has not. When you want to deter someone, threaten them, you want to be clear what the threat is mattis and tillerson have been clear about the threat, the president has not. Some people look at it and say you have good cop, bad cop, if he thinks tillerson are going calm down, mr. President , dont do it, the guy is like, wow, this guy is nuts, maybe i am not long for this world. Thats the other side of it. I dont think it works in this situation could work in nafta. Though it worked, some would say, with bringing china around to do some tougher things. You point out if president xi is elevated to this position, he will be the strongest leader since mao. I think the Trump Administration deserves credit here they didnt create the problem, kim jongun did. They moved the chinese towards tougher sanctions. I dont believe many believe the chinese will use everything they have, but theyre in a stronger place because the president has not been tough on trade. The implicit deal shehere is th chinese will not push this issue on trade just yesterday the treasury declined to label china as a currency manipulator we all know the chinese are a major problem on ip but i think this is the right call north korea is on the front burner deal with that first i think it was richard engel, they say its still mad, its mutual destruction, he said it is not that nuanced, all i meant is this guy is 33, he likes life he like bgs in charge. He likes his his family in charge he doesnt want to end up dead if he feels hes going to be taken out, he may want to take everyone with him. The danger with the president s rhetoric has been intimating that maybe we will use force first. Thats not our strategy. Hes also seen some classified information that there have been some potential assassinations or as long as he feels like hes safe f safe, if he doesnt come strike us we want him to know tillerson said publicly, were not trying to remove you were trying to negotiate with you. If you attack us, well annihilate you thats m. A. D. , mutually assured destruction, but its worked i think Richards Point was they dont have the ability to destroy the entire to destroy the United States. We do have the capability to destroy they could cost millions of lives. We also were talking that a lot of people have Nuclear Weapons. We dont understand obviously i have never been to north korea, i dont know how it works, but in their mind its like you got them. Israel has them. All these other countries have them, why cant we who are you to tell us we cant gop this while you continue to do these exercises, military exercises every year with the south koreans on our border. Can we say the entire world thinks you shouldnt, its not just the United States and thats true should they then say if you dont want us to get it, well stop that wouldnt convince me to stop. Tlfrn there are 195 nations, the post powerful countries have them, some outlaw states have them like pakistan yand h india has been folded into the system because theyre responsible. North korea is not responsible if we could move them towards a freeze of their program which will be messy and complicated, thats the best probably the Trump Administration could do. I think of all the National Security issues they dealt with, they have done the best on this. Mattis and tillerson have been professional and effective i would say be patient the president s rhetoric, its inpatient. It threatens to interfere with a well crafted policy. Interesting you say it may work on nafta. Well get to that later. God willing, ambassador burns will be with us for the rest of the hour i feel better now. Maybe nothing will happen during the show we were talking about that, will we make it until 9 00. I assured you i did point out the exits all right. When we come back, well have more of the biggest movers of the day. Your list of stocks to watch is next. And the dows quick march from 22,000 to 23,000. It happened in 2 1 2 months. Well talk to j. J. Kinnehan about the rally after this break. Most etfs only track a benchmark. Flexshares etfs are built around the Way Investors think. With objectives like building capital for the future, managing Portfolio Risk and liquidity and generating income. Thats real etf innovation. Flexshares. Built by investors, for investors. Before investing consider the Funds Investment objectives, risks, charges and expenses. Go to flexshares. Com for a prospectus containing this information. Read it carefully. George soros has reportedly donated most of his wealth to open Society Vaults and the top ranks of philanthropic organizations, becoming the second largest behind the bill Gates Foundation it begs the question whether the battle of the billionaires giving is brewing. Harvey weinstein resigned from the board of the Weinstein Company after dozens of women have come forward over the past week and a half with allegations of rape, assault and Sexual Harassment claims against weinstein. Barry diller address the scandal at a wall street journal conference yesterday hes not going to be known for the good movies, not going to be known for anything other than this. And this is a very, very hard demarcation line where and where behavior, any kind of manipulative behavior is simply not going to happen. So i think its an enormous change worth noting weinstein has denied all allegations of nonconsensual sex. The head of Amazon Studios stepping down following Sexual Harassment allegations there roy price was put on leave of absence last week after reports that he sexually harassed an amazon tv Producer Price led Amazon Studios since september of 2014. The dow logs another record closing high thats its 50th record close this year. The index crossed the 23,000 mark for the First Time Ever just a little over two months after first piercing the 22,000 level. Joining us to talk about it is j. J. Kinnehan. I saw some things yesterday where people were saying dont look at 24,000, look at 25,000 as the next mark do you agree 25,000 is the one that people, i think, would celebrate more, rounder number, et cetera. If we hit 24,000, its pretty special, as you just mentioned its been an amazing run over the last 1,000 dow points. With that, what really, i think, is the thing that has made it so difficult for traders overall is the fact that we just dont have any selloffs you know, in an average year, about 33 of the days have a move of 1 or more this year we had four. With that, thats been the toughest part about this up move, everyone is waiting for this back off. Whether to reinvest portfolios maybe thats why, if youre waiting for a pull back, you never get it because every time the market is down 1 everybody rushes nfrmt. Just like playing football if you run the same play time time after time and it works, so far being a buyer has worked this is also the one rally you have guests on every day, you talk about this every day. Its always amazing to me that so few people have nice things to say about the market. Every time you hear somebody talk about it, its waiting for the next shoe to drop. When you look out there, theres not a major warning signal coming from volatility through the end of the year. Geopolitical events you cant predict. Thats the one thing we have seen over the last few months that has riled the market a bit. But we have not seen that since midseptember. Its amazing in that sense lets talk about the end of the year we had Warren Buffett with us. He said that, look, he usually doesnt change his behavior based on things happening in washington, but because he thinks theres a good shot tax reform gets done and done before the end of this year he said this a couple weeks ago he said theres things hes not selling because he would feel stupid if he sold it and two we weeks later you have a low in it i think one thing tax reform does or tax cuts, whatever form it takes f something gets done by the end of the year, one thing that i will be scared of or may make you sell off, theres been such a build up on it, it seems difficult to believe that the expectations around some sort of tax proposal can live up to it. I actually think thats the one thing if it happens by the end of the year may upset the apple cart to the down side. Everybody thinks this is almost going to be a panacea for Everything Else thats going on. When people talk about ho