Successful how kylie genre era jenner takir makeup to a new level. Tors carving out some gains. Cisco systems have the most positive the stock is on track for its fifth straight day of gains. Now down more than 20 from it all time high. Another day, another record high for bitcoin. Breaking 8,000 for the first time its now up almost 750,000 in 2017 michelle hey, there. Live in auburn hills, michigan the white house worries about u. S. Jobs being outsourced to india. Today an Indian Company is moving jobs to the United States the new Assembly Plant where they will assemble new off road utility vehicles they plan to hire 250 americans in the next few months and 400 more by 2020 ahead this hour by interview with the chairman and what he told me about Corporate Taxes and nafta. If he has any kmconcerns about. What Republican Congress wants from d. C. s big tax plan back do you. We look forward to all of that see you soon we begin with comments from the president. He spoke a short while ago at the white house. President trump labeling north korea a state sponsor of terrorism. Alts speaking about his agenda saying that tax reform comes first. It was announced at Cabinet Meeting today. One of the last of the year in which the president was also looking ahead to next years agenda legislatively he said there would be certain consequences to this designation for north korea. Heres what he said. This designation will impose further sanctions and penalties on north korea and related persons and supports our maximum Pressure Campaign to isolate the murderous regime ive been talking to officials here at the white house about the timing of all this obviously, the president was recently on a 12day trip to asia in which a lot of his effort was spent on rallying opposition im told this takes place on a separate track from his negotiations with the chinese on how they would deal withthe north koreans. The president said he was thrilled that the chinese would be sending an envoy to north korea. He viewed that as a positive step in this case im told this was not necessarily worked out with the chinese in advance on that trip the president also laying out some of his agenda items he wants to get to after tax reform early in the new year. Heres what he said those were were looking for strongly at welfare reform and that will all take place right after taxes very soon, very shortly after taxes. Well be submitting plans on health care, plans on infrastructure and plans on welfare reform the president wants to go back to the health care fight early in the next year after tax reform he wants to do infrastructure which is something hes been talking about for a while. On welfare reform trying to get a sense of what it is the president wants to reform about the welt fair system they are not willing to give up any of the details just yet on where the president is headed on that you can foresee the political battle around welfare reform next year. Remember 2018 will be a mid term Election Year as well. Its not going to slow down anywhere from here its going to ramp up. Good luck to you were thinking about you lets get back to the markets. The dow is higher today but coming off two consecutive losing streaks things remain solid. Theres a few things happening under the markets hood that you need to be aware of. This market showed itself to be quite resilienresilient. Last week did give a preview of some of the things if you need something to worry about, if you want to monitor a few things that show vulnerabilities of this market, i think last week did give you some of that. One is a narrowing leadership profile of this market youve had small cap stocks that were in a real down trend into last week. The average stock has been under performing if that gets to an extreme, if a small group of stocks is supporting the index that might set the stage for a meteor correction at some point along the line and then corporate debt we saw the high yield debt market get cranky last week. Under reported or underrecognized is Corporate America is very leveraged right now. Thats been fine rates are low and they can cover with cash flow but if any of that changes the markets will be the first to step that out when i say over heating risks, its about whether sentiment gets over heated or this late maturity market cycle. It would be where i looked for. Thank you mike mentioned that cranky area of the market high yield thats one area thats concerning some people how worried should we be welcome back its good to be here. Lets carry on some of the themes that mike talked about the corporate debt aends leverage side of things. If you look at the junk debt its getting so much attention for a good reason. There are those out there that this could be one of the bigger warning signs. If you look at one of the big etfs, this is the spider high yield bond etf some of the Biggest Holdings are companies that have been under pressure also from a stock perspective. State street global advisors, you have sprint, Community Health systems and altice. Bonds tied to those companies are among the funds biggest holdin holdings right now a lot of traders arent looking at negative price action as a sign of overall market weakness. One of the reason s high yield bonds and stocks of the companies that track them and issue them arent really diverge ing in a way that would cause real alarm he looked at bonds in the high yield bond index that we mentioned and also the stocks that track them. He found the bonds and stocks arent trading that much out of whack where they do historically speaking another interesting point comes by over at academy securities. He doesnt think that high yield debt tracks the s p 500 that well and might be better suited to look at the russell 2000 trading relationship since many of the companies that issue high yield or junk debt are smaller, more domestically focussed we saw the big percentage draw down back in late february to midmarch. We didnt see the corresponding move lower in Corporate Investment grade that we saw that last time around this time. It could be the dress rehearsal for a bigger pull back but other parts of the debt market arent as stressed th eed as they werea time we saw this stress in the junk markets some could argue this kind of stress in health care that those are the kind of stresses that arent contagious to the markets versus an energy decline or maybe financial or maybe technology or something along that line. If you look at the high yields issue there it could be something we look at in future its giving traders pause. Sdm two oth we talked about one last week, we talked about tend of the show on friday we taked about maybe selling is causing some of this weakness because they are trying to raise money to bring back to the saudi government thats something the other thing is this election problem in germany this is something people are talking about. There may not be a Coalition Government in germany and one wondse wonders with the rise, possible brexit and now this with germany, are we being too sane qui sanguine its very hard to say that person specific parts of the market will be that indicative junk may not be focused on whats happening in germany or saudi arabia right now we could have macro thoughts but to sit at one specific part of the market is really driving that action. Its probably a little bit tough at this point given the fact we have seen markets hold up pretty well over the course of the last three or four months without any real pull back well said thank you is the stock market here at a crucial turning point of some kind or not . Earnings are good, valuations good not out of historical norms. Were not trying to find the negative and the positive but you have to Pay Attention to things that are happening under the hood is there anything that dom or mike or melissa that we discussed that does concern you at all or maybe Something Else that we didnt i think the germany point is well taken one of the things we have been looking for is this move of populism from the front burner to the back burner were not seeing the institutional sellers out in the high yield market. Were not seeing big blocks go out to the market from some of the more institutional managers. Im taking the movement in the high yield etf space with a grain of salt and trying to consider where were at from a fundamental perspective and if theres any rationale. Im not seeing it and neither is our team where do you stand as we are at the gateway of seasonality at this point is the risk to the upside or the downside i think the risk is to the upside weve seen a couple of weeks of weakness think about whatwas happening its really highlighted that the risks are political, not economic thats not just in europe. Thats here in the u. S i think that gives us some real upside if the tax reform process, if it resolves favorably. We have some real upside i think the expectations are pretty well. I think we have a lot more upside than down side this year. Where do you stay invested . Were invested across the board. I really like energy at this point. Theres a mismatch between oil prices and the risks there because with the potential for mideast turmoil were talking about Political Risk saudi arabia is at the top of the list theres some real potential to the upside there and even if things dont get even if oil prices dont ricse, companies ca do much better you both like financials. Is that a concern . It is i think when we look at the spread if were thinking about that from a Historical Context were looking at it from an inversion perspective. Management has done a nice job of trying to grow eps. Whats going to happen is the fed will raise rates thats going to be a nice tail wind for financials. We like procyclical stocks these are the kind of stocks that were really interested in. Shying away from the staples remaining out of the consumer play i think thats how were best positions going into the end of the year which we think will be higher the fed rates will have the impact on the longer end of the yield curve versus what we have seen so far. Do you plooef the fbelieve the g rate will override whats going on that keeps the yields lower i think right now the fed is going to hike rates based on domestic conditions. I think awhats holding down rae s political conditions abroad. We have investor that really want to be in the u. S. Because of the safety. Is the yield curve going to steepen or not i do like financials. Its not about rates its about deregulation. Thats been one of the big head winds for the sector i think rates might help i think regulation is the key to financia financials thank you appreciate your time thank you lets get to michelle in auburn hills, michigan were here in a brand new spanking Assembly Plant. We spoke with the chairman about why hes opening this plant. He said the engineering powers is crucial he wants to be close to the end buyers of his products hes not worried about the policy around the north American Free trade agreement he thinks lower Corporate Taxes would be great for u. S. Industry i think your president is a consummate negotiator. I think hes best aware of how integrated nafta is. Nafta may need some tweaks its a 20yearold agreement im an optimist about nafta merely being updated i dont think its going to be a situation where nafta will explode. You talked about u. S. Companies being more competitive. Theyre debating tax reform in congress right now would a lower corporate u. S. Tax rate make the u. S. More competitive and by how much s thats a rhetorical question. Thats one of the reasons become an even greater magnet for investment the ease of doing business is already an attraction here the large market is already an attraction youre going to get a huge amount of investment traveling to the u. S he expects they will employ more than 600 people here. Well tell you about a lot more happening here back to you. You ride that bike . Im planning on it. Well see you later on. Well talk to the governor of North Carolina to bring amazon to a state that bathroom bill is a huge problem even though its been repealed. Kylie jenner is the face of a booming makeup brand its coming offline and into stores welcome back were keeping a close eye on whats happening with aetna right now. This is on the heels of headlines coming out of dow jones and the wall street saying cvs health could reach an agreement to buy aetna by the end of november. That moves ahead some other headlines we saw this month with regards to reuters saying we could see one by the end of december the timeline shifting a bit. Its one of the deals on wall street now the deal making or talk of deal making continues at an unbelievable pace. Thank you very much. Speaking of deals the race to lure amazons Second Headquarters is on many believe the tar hill state, North Carolina would be a frontrunner even though the infamous bathroom bill is gone, the issue still does linger on North Carolina has been attracting out of state innovators since the Wright Brothers came here from ohio its no surprise this state is all in on the amazon race. There are four bids. Charlotte and hickory. And the governor is here with us how are you going to win amazon . When i talk to ceos about whether they will expand or bring their company to a state, the first thing they talk about is work force and talent North Carolina checks all of those boxes for amazon we have 58 of the greatest universities 53 Community Colleges that fit exactly what amazon is looking for we know about our Good Business environment here. The quality of life, the low cost of living for employees were growing by over 100,000 people a year. Young people are moving to North Carolina innovators are coming here North Carolina can be called the state of minds because we have that University Link that amazon is looking for and that constant talent stream that they need a lot of companies have already found that out emphasis just created 2,000 jobs here its Pretty Amazing whats happening here we did report cards we have done report cards on a couple dozen cities. You have the million plus that amazon wants stability of Business Friendliness thats something this state has a heritage of. Good on location but talent. The ability to attract and retain strong technical talent you talked about the work force but the reason you get a c minus in our grade is because of the issue of inclusiveness thats a lot of why you were elected. What do you say to them . I think North Carolina citizens were sending a strong message with my election we have taken the step to repeal the house bill and companies have come back to our state, sporting events and entertainment have come back to North Carolina were a state that welcomes everyone our diversity is strong here were very welcoming you look at the raleigh area, theres 82 languages or dialects spoken here in the rilye raw raleigh area North Carolina has more historically black universities and colleges than any state in the country. Auc often Companies Like amazon are looking to diversify and that pool will be here. Is it inclusive or isnt it . Absolutely is thats why these companies have come back upon my assurances that North Carolina is moving in the right direction. The strong signals were sending throughout the world that North Carolina is indeed a welcoming state for decades. Weve been a beacon in the south. Place where people know that they can plan and get a great education. Open a business. Have the kind of environment, the low cost of living for their employees. Were sending this signal to everyone that North Carolina is welcome. I want to ask you quickly about whoever wins this, its going to cost. There may well be a bidding war. Youre not saying to the people of your state what youre offering amazon but how do you avoid overpaying and getting into that . Thats an issue incentive for state s have gone pretty high in the last decade or so. North carolina, for years, had really not entered into those bidding wars we have believed for years that were a state where people want to come to and you really dont needs to offer incentives. I think we found the last couple of years that you need to have a threshold of incentives in order to get to the table to convince people to come here. You do have to have some incentives that will help with taxes and other areas to lure these companies opinion our bid may not be the best for incentives but were the best thing. Roy cooper the governor of North Carolina thanks so much all of our reports at cnbc. Com thank you very much tesla shares are down and now down about 20 from its all time high two months ago up next elon musks latest ambitions. Courtney courtney hi. Im live at a store in new york city im here for major retail launch of a cosmetic company by a certain reality star if you havent heard of her, you ghbe the only one. Ill tell you all about it on power lunch. A basketball costs 14. Whats team spirit worth . cheers whats it worth to talk to your mom . Whats the value of a walk in the woods . The value of capital is to create, not just wealth, but things that matter. Morgan stanley they always refer to me as master sergeant. They really appreciate the military family, and it really shows. Weve got auto insurance, homeowners insurance. Had an accident with a vehicle, i actually called usaa before we called the police. Usaa was there handson very quick very prompt. I feel like were being handled as people that actually have a genuine need. Were the webber family and we