Trading session for the first trading session of the month of november. Stocks just off session lows, take a look at the declines across the board here, dow down by 85 points. S p is down by. 6 . Nasdaq down by. 6 as well. Health care, as well as telecoms, among the biggest losers here. Watching small caps down, down by 1. 2 . Outpace and declines in the overall market. This is a sector, area of the market seeing twice declines of the overall s p 500 in the past month. Apple, a drag overall, ubs survey indicating demand for the new iphone in china, seeing that stock just off session lows, down by 1. 5 . Thank you very much, melissa. Im tyler mathisen. Welcome. Here is what else is happening at this hour. Gannett says it is ending a sixmonth long bid to buy the newspaper publisher trunk. I love that. Construction spending falling in september. They were expecting an increase. And the fed picking off a twoday policy meeting in washington. Well have full coverage of the feds decision on Interest Rates tomorrow right here on power lunch. Right now, it is the final countdown. One week to go until election day. John harwood is here at cnbc headquarters with the latest in the race for the white house. John . Michelle, ticktock on the clock. Were getting now less than a week, 6 1 2 days until election day starts. And we got a race that is tightening in all respects. First of all, lets start with the National Polling numbers. Look at real clear politics, average down to 2. 5 . It had been over 6. New york times average 4. 1 . Huffington post, 5. 6 . Now the name of the game is for donald trump is getting from the 206 electoral votes that mitt romney got up to 270. Battleground states across the country, but lets break them down. Donald trump has got a good chance to win four states that democrats won in 2012. Nevada, iowa, ohio, and florida. Now, heres the problem. If he carries all those states, hes still only at 265 electoral votes. So what is his next set of targets . You got a series of states across the country, where Hillary Clinton has working margins, 5. 7 in wisconsin, 4 in colorado. 6. 7 in michigan. Pennsylvania, 6. Virginia, 5. 2. New hampshire, 5. 6. Those are steep hills to climb. He needs to climb that hill in some of those states and there are two states that mitt romney carried in 2012 where Hillary Clinton has got a shot. First of all, north carolina, she has held a steady lead, though small, 2. 6 Percentage Points here. Look at arizona. This is a reach for democrats, bill clinton carried it in 1996, that was the First Time Since harry truman. And shes up by less than a percentage point. So if Hillary Clinton can carry either one of those two states, the hill gets steeper for donald trump to climb. Hes making progress now. But hes still got a long way to go. John, were seeing the mexican peso weaker today. You showed the National Average polls, real clear politics. Tends to be over time. Isnt there a poll out today, Washington Post, abc, that shows trump ahead . There is a Washington Post abc tracking poll that has been an outlier in both directions in the space of a week. A week ago they showed a 12 percentage point lead for clinton. Now showing trump ahead by one point. And gary langer, the pollster says, thats not because anybody changed their minds. It is about the effect of the mood and the events of the election on the likelihood of supporters of each candidate to vote. Now, other polls dont show that. Our nbc survey monkey poll out yesterday had Hillary Clinton plus six. Any poll can be wrong. Thats why we look at averages. And any poll can be right as well. It is possible that gary langer is picking up something that others in the Washington Post and abc news poll that others are not. But if you look overall, put them altogether, we still show both nationally and in the key states to get to 270 Hillary Clinton with a consistent edge. Got it, thank you, john. John harwood. October is shaping up to be another solid month on the automobile dealership lots. Phil lebeau has the numbers. What do you find, phil . Remember, these are strong numbers when you lock at just this month, but because it is in comparison with october of last year, people are going to say, look, there are negative sales this month. Keep in mind, october of last year was one of the best months ever. Thats why we look at gm, nissan, toyota, fiat, chrysler, all negative. Having said that, this was a solid month. Well show more about that in a little bit. What about ford . Why is it not listed . Sales report has been delayed because there is a fire at the headquarters yesterday. That impacted the corporate computers. They plan to release those Sales Numbers a little later on this week. As for october, for those who have reported sales, trucks and suvs continue to be the flavor of the month. Not surprising given what were seeing with low gas prices. By the way, the average transaction price, up to 34,663, thats according to kelly blue book. One last note, guys, look at shares of General Motors, Morgan Stanley out today, raising the price target to 40 from 37. That may not sound like a lot. B but adam jonas, at some point wall street will give credit for what theyre doing in terms of the returns theyre delivering, six straight quarters, guys, these guys have delivered better than expected earnings and the stock really hasnt gone anywhere. You see the stock getting a higher price target from Morgan Stanley. Back to you. Phil, thank you very much. Lets bring in cnbc contributor bob lutz, former vice chairman of General Motors, also held executive positions with ford and chrysler. So i guess one way of saying it, bob, youve been all over the place, been around the block. What do you see happening in the auto business . I assume that you would say that it is pretty dog gone good. Yeah. It is excellent right now. And phil was right to point out that seasonally adjusted rate of 18 million is incredibly strong. It might be a little bit down from last october, but that was an exceptional month. It is strong. And every dealer i talk to reports very, very Good Business at retail. And it is fair to point out that General Motors, for instance, is deemphasizing fleet sales, and thats a good thing. Theyre focusing on retails and retails are actually up. Retail shares up 1. 6 points to 18. 1. 1. 6 share jump is, you know, a huge jump by any measure. Phils right to point out, the suvs, crossovers, but we shouldnt neglect the ongoing strength of midsized cars and compacts, which is still a huge, huge, huge segment of the market. Bob, why do you think gm does not get any respect from the stock market . I think people look at it as an old smokestack industry company. It is not as sexy as tesla, but as i always like to say, the share price of tesla versus General Motors should be reversed. And then things would be about in balance. What does General Motors not communicating to the street then, bob . I think that you would probably make the case that gm has spent a lot of money towards new technologies as much as tesla. Thats exactly right. So what is it that gm is not el telling the street to get that story across . I think it is hard to say because they have tried about everything. Theyre in the lead in electrificati electrification, theyre in the lead in new battery technologies. They have the first 240 mile range electric vehicle at an affordable price. They have invested heavily in companies have actually purchased or partially purchased companies that are in the ride share business, in autonomous technology, General Motors has at this point more technology and more knowledgeable than to melissas points, it is all out there and nobody gives them credit for it. Part of it, does it come down to design, bob . Tesla looks like a beautiful car. Im not sure anybody gets the same kind of feelings about a gm electric hybrid. But look at the new impala, which is one of the most perhaps the most beautiful midsized car ever produced. And is selling like crazy. The new cruz is beautiful. The new volt is a beautiful car. The new buick, the big cadillacs are fabulously, gorgeously designed cars. I dont think anybody would say on balance tesla has better design than gm. They have one very good looking car, which the model s. The model x, to me, looks like a big inflated insect. And not very pretty from any angle. Plus, according to Consumer Reports it has disastrous reliability. So i dont think tesla is doing anything any better than any other company that produces electric vehicles and, by the way, at this time next year, well have porsche in the game, volkswagen in the game, mercedes, bmw, et cetera, et cetera, et cetera. Things will only get tougher. That stock price is going to go nowhere but south. Teslas, you think . Yes. Teslas. Big inflated insect. On that note, mr. Lutz, thank you, as always. Great to be with you. Okay. Thank you. Were watching eli lilly shares now, taking a hit after Bernie Sanders sent a tweet questioning the companys drug prices. Meg tirrell is here with the details. Not just a tweet. A video that was released, a full produced video criticizing the pricing. Yeah. Bernie sanders strikes again. We have been seeing him tweet a lot about drug pricing recently. Most recently the company, you see the series of tweets today. Hes targeting eli lilly and saying why has the price gone up 700 in 20 years . It is simple, the drug industrys greed. Talking about some policy there. Insulin is an area where these are pretty old drugs and the price has increased quite a bit. We talked on this program about how there is increasing pressure on the companies that make insulin. Novo nor disk getting a lot of pressure, the stock falling as it talked about u. S. Insulin prices in the United States. You see that drop there. Ariad also under pressure as theyre looking at the price of the leukemia drug. A lot of people are arguing this is moving the focus into these quote unquote drug companies. And thats what spooks investors. And Bernie Sanders demonstrates he knows very little about economics because when he wants reimportation of drugs from a country with price controls, that means you import price controls, right . He just doesnt understand that we as americans pay for the r d of the rest of the world while rich countries get cheap drugs for their people, for what reason, i dont understand that that they think deserve that. From canada, it is something a lost people hat of people hav about. We have a lot more people here in the United States. They would run out of the drugs that they bought. I thought you might be in agreement with bernie on one point, the difference on the price of drugs in the u. S. And overseas. It is an issue it makes me crazy. Long time viewers of cnbc would know. It is wrong. Have we gotten any response from eli lilly or novo. Countries negotiate the prices of the drugs . They do. Thats one of the big differences. There is a single payer system. Selling to a single payer . Thats correct. So it has been weighing on the hour in the market place to tell thats also subsidized by the taxpayer of those nations and so if we reimport from canada to michelles point, the canadian taxpayer, there are 30 million, would be paying for our drugs of which there are 300 million. Not sure canada, a noble country and great friend, would appreciate that. And now were paying for their drugs. Were paying for the r d, for sure. Research and development is valeant is technically a canadian company. Thats true. Based in quebec. You say maybe you dont supply drugs to a certain country and when you had conversations with ceos, you say, the country will seize they say they have the right to seize our technology and our science and they will produce them cheaply on their own with or without us. They feel compelled to supply. It is a decision made at the point of well, lets not use that metaphor. As tyler was talking about the single payer system idea, thats one of the biggest fears weighing on biotech investors, the idea that if democrats sweep the presidency and perhaps the house and the senate, they could give the government more power to negotiate drug prices giving them more of a single payer type system. That really has struck a lot of fear into the hearts of biotech investors. Thank you. Thank you. Still ahead, new developments following that deadly pipeline explosion in alabama. We are on the scene. Were going to bring it to you with the latest on when that pipeline may get back to work when power lunch returns. What are you doing . Getting your quarter back. Fountains dont earn interest, david. You know i work at ally. I was being romantic. You know what i find romantic . A robust annual percentage yield thats what i find romantic. This is literally throwing your money away. I think its over there. That way . Yeah, a little further up. What year was that quarter . What year is that one . 98 thats the one. You got it nothing stops us from doing right by our customers. Ally. Do it right. Lets get out of that water. One person is dead and five others injured after a gas pipeline exploded in helena, alabama. Gabe gutierrez has the latest. Reporter several roads remain blocked off as authorities managed to contain this fire but are waiting for it to burn itself out. It all happened around 3 00 yesterday afternoon when Colonial Pipeline, the company that owns the line, says an excavator smashed into the line, it ignited and sent this massive fireball into the air that could be seen for miles. One person was killed. And at least five others were injured. And now this line is shut down. It is the same line that ruptured just a few weeks ago and supplies about 40 of the fuel to the u. S. East coast. Back to you. Gasoline futures spiked after that explosion. They have come down a bit in the past hour or so on reports that the pipeline may be reopened as early as this saturday. The Colonial Pipeline explosion not the only big gas story. New jerseys gas tax going into effect today. That jumps prices by 23 cents a gallon overnight. Lets get more on both these stories and what they mean to you, even if you dont live on the east coast. Tom, this pipeline not only supplies gasoline to much of the northeast, but also directly to seven different airports along the way. I know they say it will be reopened on saturday, what is your reaction and what do you see as the near and medium term impact . I think we dodged a bullet on this one. First of all, the line that actually moves diesel and jet fuel was restarted last night. And thats a concern because a typical airport may have five days of supply. So you interrupt supply and you can run into problems there. The gasoline line we suspect is going to be restarted on the weekend, possibly as early as saturday. And there may be some kinks. Well see a little bit higher prices in the southeast and the northeast. But nothing like we saw a couple of months ago when the colonial had the leak. And the line was shut down for 11 days. So it looked like an absolute catastrophe this morning, pricewise. Obviously there is human tragedy involved. But my suspicion is that a lot of fixtures were done to move european gasoline to the east coast, and it might actually act to temper the price increases in november, between now and the opec meeting. You got this 23 cent hike, which i understand is in new jersey story. But i imagine the rest of the country is looking at this and politicians everywhere you need money all the time. We all know you get elected by promising to give things away, not take things back. Do you think this gas tax hike in new jersey could be replicated in other states across america . I suspect it has to be. Because i cant imagine that new jersey is the only one that has problems with road conditions. If you happen to live in a state that hasnt been a battleground state in the last three elections, you havent noticed a lot of road crews. So my suspicion is a lot of other places will look to raise gasoline prices. And, listen, from the standpoint of the impacting consumers, we think 2016 is going to be a cheap year for gasoline. 2017 as well and probably 2018. There is a good case to be made for 50 to 55 a barrel of sweet spot for crude. And that means gas prices that are nowhere near what they were from 2011 to 2014. Election day this year will probably pay 5 cents or 10 cents more than last year, but it is a dollar and 1. 10 above what we paid when romney was a candidate. We appreciate your time, tom. Thank you. Take care. Listen to this, strange but true, social media may be good for your health . We explore. Thats straight ahead. This car is traveling over 200 miles per hour. To win, every millisecond matters. Both on the track and thousands of miles away. With the help of at t, Red Bull Racing can share critical information about every inch of the car from virtually anywhere. Brakes are getting warm. Confirmed, daniel you need to cool your brakes. Understood, brake bias back 2 clicks. Giving them the agility to have speed precision. Because no one knows like at t. A couple of things impacting the stock today. Ubs out with a survey indicating demand for the latest iphone is soft in china. Also, report out from kgi securities which is the korean securities firm, this particular analyst has a following as being one of the most accurate apple analysts out there. He indicates that perhaps the demand for the new mac books not as strong as expected. Were watching this stock very closely. This is session lows in fact. Listen up, Facebook Users. If you got an active online social network, you may live longer. A new study of 12 million Facebook Users claims that online relationships can increase longevity as long as they are used to improve or maintain real life relationships. As opposed to fake ones. A threat to my life expectancy. Because youre not on facebook . Not on facebook. Im a dead woman there. I think to state the obvious, probably generally the studies have shown the more social you are, t