First of all, im an associate pastor at the Public Affairs American University and i am delighted to moderate this panel. Today were talking about private insurance subsidy first ever selection. Im sure everyone in this room knows prior to 2014 the private Insurance Market in the individual market was the wild west. People would buy Health Insurance that was fully inadequate and extremely expensive but on the other hand you had people with employerbased insurance who were very happy with it as the model if you like what you have, you can keep it. The aca was very much focused on changing and improving the private individual market but also preserving the employer supported Insurance Market. Today we will hear from for experts with unique and intricate knowledge about the development, implementation of the future of private insurance and individual market and elsewhere. You have their files and i wont read their list of expertise. First, we had joel michael, partner at mcdermitt, will a
10year, we have Michigan Confidence on the way in an hour futures pointing to a lower open, the fate of tax reform and progress spooking some invest investors. Taking on netflix, disneys yet to launch screaming service. And forget black friday, the Worlds Largest 24hour Online Shopping spree getting under way in china today with more than 20 billion worth of sales forecasted futures are in the red looking to extend yesterdays sell off as uncertainty over tax reform appears to be taking hold on wall street the dows drop was first in eight sessions and both on track to post their first weekly losses in about nine weeks some of the coverage over the senate bill, mike says looms a showdown looms between the senate and house. I think the challenges are more in focus than maybe the potential opportunities. I do think yesterday interday, you definitely got that little ripple lower when it seemed like there was going to be delay in the Corporate Tax rate cut but in general, i think the market
They need to help people like me understand how to get this up and running pretty easily and within imessage. Thats the key. And the apple watch is going after fitbit. Once again im going to be wearing a dinosaur at some point in the technology world, but well take you live, get more details. Were still waiting to hear about the siri speaker that will take on alexa coming up. Thats the big question hovering over that conference. Also shares of blue birth b blue bird bioare poppi are popp trump announced plans to privatize air Traffic Control. What would that look like exactly, how does that work . Transportation secretary elaine chao will be joining us in a first on cnbc interview coming up in this hour. Lets get to the Apple Developers conference in san jose, california. Josh lipton is on the scene with some details for us. Josh . Reporter bill, there are more than 5,000 developers here behind me today. They want to hear about software updates. They listened to apples tim cook and oth
I thank you for that. Today marks the first hearing in the Financial Service and general Government Subcommittee for the 115th congress. This is also my first hearing in my new role as the chair woman of this subcommittee and im honored to be serving. As we begin the important review of the budget request of the fcc we welcome our witnesses. Fcc chairman ajit pai and commissioner clyburn and michael oreilly. We look forward to hearing from you all about the fccs budget requests and the work youre doing to carry out the aenlsgen mission. The commission has requested a total of 322 million. The fccs funding is offset by fees that does not minimize our duty to insure that the agency is operating effectively, and that the funds are being spent responsibly. This is especially important since the fees are passed on to the consumer. The impact is critical in Rural America. Communities in my state of West Virginia have been hard hit by job loss. And decline and creating a major drag on the sta
Measure. Overnight in asia, you saw similar concerns as markets in both japan and korea came under pressure the nikkei down by 1. 3 , that is a 2 1 2 month low. Hang seng off by a third in europe, you can see similar concerns playing out there the cac is the biggest loser in the major averages declines of over 1. 25 and for stocks in italy and in spain if you want to check out what has been happening with currencies, the yen has been picking up some ground this morning. It is considered a traditional safe haven right now it looks like the dollaryen is at 109. 77, dollar up against the euro. Also seeing a big move in the swiss franc, seen as asafe haven trade. You check that out this morning, but weve also seen gold a little stronger and u. S. Treasuries picking up a bit as well and big news, disney says that it will pull its movies from netflix and launch its own streaming service, it will take several years to complete. Disney making that announcement as it released Quarterly Results