Reports of a technical glitch. Well have details on that story. Later former nissan head carlos ghosn breaking hiscy loens and boy did he ever in an animated press conference that went on and on and on and did it after a James Bondlike escape from japan. What did he say and what he didnt say power lunch starts right now and welcome to power lunch im contessa brewer. Right now stores surge dow up nearly 200 points as you can see up more than half a percent. S p and nasdaq also in the green and nochg ntching some new reco. We got google, mastercard, lowes up more than 2 tyler . Contessa, iran launching a missile attack overnight in retaliation for the killing of Major GeneralQassem Soleimani it targeted two air bases in iraq that house u. S. Troops among other individuals. No reported u. S. Casualties. Iranian foreign minister tweeting they do not seek escalation or war, President Trump echoing that sentiment earlier. Lets go to eamon javers for the details. The president says that iran appears to be standing down. Reporter thats right. You mentioned the two key points the president made one no american or iraqi casualties in that Iranian Missile strike last night. Then two, the Iranian Military apparatus appears to be standing down here so you think the time of danger here may have passed, at least in the short run. So that, obviously, for the markets very good news the president used the opportunity here at the white house to call on nato to step up and be more involved in the antiiran jan effort that hes trying to lead and also had this to say to nations around the world. Iran must abandon its nuclear ambitions, and end its support for terrorism. The time has come for the united kingdom, germany, france, russia and china to recognize this reality. They must now break away from the remnants of the iran deal. Reporter so that raises the question what exactly does the president want nato to do here is he talking boots on the ground what role does he see for the military alliance against iran what im hearing here inside the building is that the president is not necessarily calling for any specific commitment by any nato allies, but that he would like them all to step up whether thats in terms of troops or financing or in terms of equipment, the president , im told is willing to leave that up to the individual nato allies but does want more of a commitment the president making a comment about new sanctions on the irani iranians the big question is what is left the to sanction in the iranian economy given there are heavy sanctions already in place by the United States. One thing to think about are secondary sanction, one possibility here is that the United States could go after those countries that have been doing business with iran and sanctioned them. Thank you very much as for the markets the dow trading higher by 200 points the nasdaq and s p 500 hitting records. Just shake it off any fears over irans retaliation that some futures last night pi miss is at the New York Stock Exchange with more on why the markets dont seem that concerned, bob reporter theres some good reasons for that what a wild ride it was. The iranian crisis stopped the rally for four days and thats now over this is a 50point move in the s p in one hour last night and this is what happens when you have movement on incomplete information. Out goes sold on incomplete information. When everybody realized they didnt have the right information, complete round trip 500 points on the dow in about two and a half hours quite a move we had a month and a half of volatility in an hour and a half crude same situation 62 to 65 and all the way back to 62 and below that now you can see we have very weak crude inventory levels this morning as well were back down to where we were the important thing now the market will start looking at earnings and sales i like what im hearing. Walgreens was a little bit of a disappointment constellation better than expected lennar, good numbers macys okay. Maybe to comps but better than expected overall samsung gave some preliminary commentary on their cash flow numbers that were better than expected this is exactly what you want to hear you want to be better than feared for earnings season for the first Fourth Quarter new highs. Usual suspect. Apple is back, so is google, adobe, facebook. Some discounters also back on the new high list. About 200 on New York Stock Exchange ross stores tjx, lowes and other big names that are at new highs. Overall markets are sitting in a very good position back to you. Bob, thank you very much the markets do clearly believe statements from both President Trump and iranians they are trying to deescalate the situation. Are investors breathing a sigh of relief too soon with us now is Michael Rubin a mideast scholar. To that point, the Iranian Foreign minister said that this concludes the proportionate response phase of our proportionate response to what happened earlier last week with respect to general Qassem Soleimani. Do you think that they are done exacting a price for what happened i think they are done in the short term but lets keep in mind that the Iranian Foreign minister has about as much control over Iranian Security policy as the municipal dog catcher does the decision to retaliate or not will be taken in the office of the Supreme Leader and among the Islamic Revolutionary guard corps. What made last nights missile strikes interesting was usually when iranians retaliate they want plausible deniability this had the return address being iran there is no plausible deniability. When the real retaliation comes and that will be months away i expect iranians wont claim responsibility months away, not traceable to the state, could be some form of proxy. What form do you expect that retaliation to take . Keep in mind as we consider all the possible scenarios it highlights the fact that both the Islamic Revolution guard corps and hezbollah truly have global reach in 1994 hezbollah struck in south america. Hezbollah networks are very much at play in western africa. Simply put i would be much more worried being a diplomat in bangkok, thailand than beirut because usually when this sort of retaliation comes its where were most soft and where we least expect it. We already are hearing the to ayatollah to say american presence is unacceptable given that, what should American Companies who have a presence in the region be thinking about protecting their facilities and protecting their people . Well, i mean certainly anyone who is operating in the region should be in close coordination with the Security Forces which are operating in the countries in which they are working. If youre in emrates you should be in close contact with them. One thing to be said for the arab regimes they have very professional and competent Security Force and im sure they will be keeping track of any potential hostile iranian actions. How do you see right now the back and forth that has gone from iraq in the United States in terms of threatened sanctions there, whether they are cooperating with the iranians. What happens with these other players in the middle east well, the biggest concern among many of the states in the middle east, iraq excepted is that the americans might actually go in halfway, stir in the hornets nest and leave them around to clean up the mess. With regard to, i the situation is more comply indicated even more so last night the bases that iranians hit with Ballistic Missiles were not american bases they were iraqi base where some americans were colocated iraqis say your response to americans violating our sovereignty is doing what the americans did. Iraqis are taking the attitude of a pox on both your houses eamon javers said the president raised the idea of raising sanctions on iran and he asked the question whats left to sanction . So, i pose that question to you. Whats left to sanction or who else could the United States sanction as a way to get at iran well, with regard to money of the sanctions, one of those issues that could be brought up is International Air travel into iran to isolate iran further we can talk about secondary sanctions in many cases those sanctions already exist and when it comes from a business perspective one of the reasons why french business, german businesses, japanese businesses are holding to the sanctions even against the desire of their own diplomats and elected officials is because, of course, companies answer to their shareholders rather than diplomats and not going risk multibillion dollar fines thank you very much adding to the tensions, boeing 737 leaving tehran for ukraine crashed. All 176 people on board were killed this video may show the final minute of the flight a ball of fire flying through the air. The airplane then exploded seconds after hitting the ground the video was shared by a news agency run by iranian students i want has not been verified by nbc news lets go phil lebeau for more details on this developing story. There was even some back and forth about what caused the crash in the first place reporter right initially there are reports there was a mechanical problem or engine failure. Lets be honest. Whenever theres an airplane crash those initial reports 99 of the time are way off. You have to let the investigators get in there heres what we do know this Ukrainian Airlines flight was flying from tehran to kiev but didnt take off for too long theres been reports out of the iranian News Services that the country may not turn over the black box to investigators, which then brings up the question, wouldnt the ntsb, wouldnt boeing be involved . Typically yes but these are not normal times when it comes to iran and diplomatic relations. As you take a look at shares of boeing it was down more premarket as we were just learning about this crash. It has come back a little bit. Keep in mind, cowen out with a downgrade of the boeing. Cowen said the max costs continue to rise therefore cash flow will be weighed upon more than previously expected the thats likely weighing on the stock more than anything thfis was a 737 version how close it is as a piece of aircraft to the 737 max . Reporter to the max . Its the version right before the mack they started building in this 1996 and then in 2011 realizing that they had to couple with a more fuelefficient version of the 737, boeing said were going to come up with the max. They built that up until i want to say the beginning, maybe first half of 2019 there were still a few in the pipeline then. But they built about 8,000 of them and i want has a strong Safety Record in terms of how many are used around the world and how well it does all right phil, thank you very much. Coming up, carlos ghosn holding a wild two Hour Press Conference in lebanon, explaining his reasons for leaving japan in a box more on the story everybody is talking about. I dont blame him for sweating plus the president calming tensions over iran and sending stocks soaring to record highs but does that mean worries are overor do you still need portfolio protection what you nd eebe doing with your money right now. Well be right back. Dont get mad. Get e trade, dawg. Our Retirement Plan with voya gives us confidence. We can spend a bit now, knowing were prepared for the future. Surprise we renovated the guest room, so you can live with us. Im good at my condo well planned, well invested, well protected. Voya. Be confident to and through retirement. Welcome back the former head of nissan, carlos ghosn broke his silence with a very animated two Hour Press Conference in beirut, a week after escaping japan where he spent more than a year in custody. Heres part of what he had to say. I was left with no other choice but to protect myself and my family. It was a difficult decision, and a risk one only takes if resigned to the impossibility of a fair trial so i can tell you that its not very difficult to come to conclusion, youre going to die in japan or going to have to get out. I am innocent of all the charges. All of them. And i can prove it now because i start to have a lot of documents and there are many more documents to come. I would be ready to stand trial anywhere, where i think i can have a fair trial. Anywhere the great escape has captured the worlds attention. Great to see you today what do you make of the fact that he was in such close supervision in japan and yet was able to escape his home, hop on a train, get osaka, get on a plane, make it through turkey to lebanon . Well, apparently he wasnt at that close of supervision at his home in japan anyway normally when you hold someone without bond by he was being held for a year without bond they are eat ear flight risk or danger in this case i assume because he was a flight risk. Why did that change . If it did change then you at least have some sort of security put in place at his home if you cant afford the resources you do Electronic Security and japan, one of the leaders in the world in Electronic Technology does not have the technology to put ankle bracelets on people. That seems absurd. In any case they were asleep at the switch in terms of monitoring ghosn and his ability to then get out of the city through planes, trains in a automobiles was pretty easy after he got out of his home once he was out of there and he got on train not noticed, flew to turkey, then it was easy from that point on. Jeff, interpol has put a red notice on him. What does it mean and can they force lebanons hands where carlos ghosn is concerned . Red notice is by interpol is not an order, its a request for any country thats in the interpol system to take an action in this case the action would be to take somebody into custody. Its doubtful lebanon will act on that request, the red notice, because ghosn is a citizen of that country and they have shown in the past and have indicated that they are going to protect their own citizens unlikely they will act on that notice or at any point in the future have him taken into custody and extradited back to japan to face charges or any other country. Is point the japanese wanted him to escape . Wow i cant imagine any situation where they would have wanted him to escape unless as he stated in his press Conference Today these charges are more political in nature or trumped up charges and they didnt have a case that they could, they can win in court. Maybe under that scenario you would think that its possible they wanted him to escape so he wouldnt have to face trial. Thats really a kicking this whole thing up a notch when he left tokyo he traveled to osaka by train and wasnt surveilled . Right apparently they did not have surveillance his Defense Attorneys were responsible for providing woe i according to reports, errors about his whereabouts about every month which is a little lax to me. There are reports that nissan had people surveilling him as well they missed his great escape now they have gone back to keeping an eye on him in lebanon because the house where hes staying is actually owned by nissan and nissan is in the Legal Process of trying to evict him from this house. Do you think theres any chance here that nissan gets its way in forcing him to justice somehow probably not. So because hes in london, even though hes living in nissans house, he may be removed from the house but probably got the wherewithal and Financial Resources to live anywhere he wants to the funniest part of the escape is not the train trip because i guess some reports indicated he was allowed to travel in japan others have said he can only be in tokyo in any case after the train he got in a taxi, a common public taxi to go to the airport where he flew to turkey. There have been reports that he was aided by a Security Consultant with u. S. Connections or a former u. S. Green beret how Many Companies are like that around the world in case i need their assistance how Many Companies are there and how do you find a person who can get you from that kind of a situation . So, tyler, those type of people exist all over the world and they consider themselves experts in removing people but normally under situations where they are being held against their will were talking about kidnapping case they specialize in that. They train for that type of thing. Those type of techniques may be used here whereas officially he was being held as a victim, maybe sort of a kidnapping victim but those people are all over the world that can do things like that he found obviously the right people to help him jeff, thank you so much for that im curious what you have done that you might need. Im just curious you never know lets take a look at the price of oil, down 5 , below 60 a barrel as tensions seem to be put on the back burner lower than where it was when iran began to escalate more on oil coming up. Plus beyond meat shares lost twothirds of their value since their peak at the height of meatless mania but its clearly a trend not going away if you sink your teeth into this stock . Power lunch will be right back created by apple, not a bank. With a better way to track where you spend. A new level of privacy and security. Daily cash you get back every day. And no fees. Not even hidden ones. Oh, and if you happen to be somewhere that doesnt accept apple pay yet, theres this. Nice. Welcome back to power lunch im mike santoli at the New York Stock Exchange beyond meat up 10 this wee