The major averages finished the day at alltime highs thanks to Quarterly Results from some retailers which brightened the mood and which well get to in a moment. There were also incremental developments and u. S. China trade talks that investored interpreted as positive. Though as you know that changes from day to day. Here are closing numbers. The Dow Jones Industrial average 55 to 28121. The nasdaq gained 15. And the s p added 6. Now to this new report on the makers of opioids. According to a walgds a criminal investigation has been opened that role drug manufacturers and distributors played in fueling the countrys opioid crisis. The news sending shares of teva mallinkrodt and Amerisource Bergen sharply lower. Dow dpoenant Johnson Johnson down a Penney Meg Tyrell has thor to. T company are facing thousands of lawsuit over the role in the opioid crisis. Today another negative headline. The drug makesers and distributors disclosed receiving subpoenas from the u. S. Attorneys. That John
Events are strictly nonpartisan, they are not intended to offer any kind of policy recommendations or agendas. They are simply meant to give greater insight into how we got to where we are, which we believe helps us to understand how we can solve problems. So a few thanks, and then i will turn it over to alan. First of all, the Mellon Foundation funds this program. We are very grateful to them. Secondly, the room has been booked for us by congressman jerry connollys office, and we are grateful to them. Finally, i want to thank my reiger,t director, jeff who is at the table outside but will be coming in shortly. Now i will turn it over to professor alan kraut from the american university, who will moderate the event. Before i do, let me say, most of you will find these index cards on your seat. The intent of these is that as the discussion proceeds, if you have questions, write them on these cards. We will collect them after formal remarks and use them to initiate the discussion. Think
Topics include the roots of the modern Health Care System, the medical bills transformation into a business, and disparities in insurance coverage. The Natural History Center Hosted the event. I think we will try to start the event on time. My name is dane kennedy, director of the National History center. I want to welcome you all to this briefing of the history of u. S. Health care and health care policy. This is a briefing sponsored by the National History center, which is affiliated with the american historical association, and is part of a series of briefings that we offer that provide historical perspectives are issues that are currently confronting congress. We will have another one at the end of next month which would be a history of u. S. Iranian relations. I should stress that these events are strictly nonpartisan, they are not intended to offer any kind of policy recommendations or agendas, they are simply met to give greater insight to how we got to where we are, which we be
Job. Thats a big if, frankly the fed should be cutting. I would say they should say at a minimum 100 basis points. Over a period of time. Not at one time but over a period of time well, im not talking about doing anything at this moment, but indexing is something that a lot of people have liked for a long time. And its something that would be very easy to do. A lot of people have been talking about indexing for many years. And its something that i am certainly thinking about i can say a majority of people they like indexing its something im thinking about. Payroll taxes ive been thinking about payroll taxes for a long time whether or not we do it now or not is its not being done because of recession were legitimately, if we had a cut in Interest Rates by the fed, if they would do their job properly and do a meaningful cut, because they raised toovz, you would see growth like youve never seen in this country if you go from the election, the great november 8th day, if you go from novembe
Of the New York Stock Exchange carl and morgan have the morning off. And were going to begin with tech bracing for tariffs now just days away from going into effect on september 1st trade tensions between the u. S. And china not slowing down, as the wall street journal reports that u. S. Prosecutors investigate new allegations of Technology Theft against huawei. Acme capitals heene nada and kevin dilanian, of course, both join us here at post 9 happy preLabor Day Weekend. Good morning. Heenne, you were a protough stance gen china when it comes to ips and other things. When it comes to these tariffs, september 1st, december 15th, are you pro this approach . Does it depend if it gets nearterm results . I think the tariffs are going to do some harm in the nearterm. I think youll see pricing increases in the u. S i think youll see trade tensions worldwide globally. But i think the longer term impact is actually much more detrimental to china than it is to us. Whats happening is Tech Compan