But air force, the electrical grid and more. This as the white house and House Speaker paul ryan now say the gops new plan to fix obamacare is in the stages. Well, we hope Republican Congressman jason has a way we can pay for all of this. Were going to ask him. Hes on the house budget and Infrastructure Committee. Plus, take military action against the north Korean Nuclear threat. At this hour, there is a growing corious of military leaders who seek action against kim jongun must be taken. Is diplomacy a deadened in this case . Former un ambassador to george Bush Christopher hill with me live. And shocking news about one of the most respected Federal Reserve president s. Why the richmond fed president has suddenly resigned. On wall street, stocks turn from red to green as President Trump said its time to come together to rebuild america. But the s p sort of flat at the moment, so were watching it very closely. Were less than an hour to the closing bell. Lets start the countdown. Okay.
From the cme. Lori rothman on floor of new york stock exchange. Hello, lori, youre looking at the days biggest winners in the s p. Reporter biggest winners across the board guys. It was another recordsetting day. Look at stats. If it seems were reporting lifetime highs in the benchmark averages every day, well it is pretty close. For the dow the ninth record of 2016, the nasdaq the fifth record, i had to throw that out. The numbers are just staggering. Looking at s p yeartodate it is up 7 . Dow just about 7 gain for its part. Nasdaq up 5 . Driving the s p 500 today, micron technology. This is a chipmaker. Analysts are saying the Pricing Power climate is looking pretty good for micron. Shares are up better than 4 . Wynn, the operator of course the big casino, wynn resorts in macau, got approval for 4. 2 billion resort to commence operations on august 22nd. Also let me tell but the vix. Interesting trend, the vix, volatility index was down as stocks were soaring. But towards the close it
Starts right now. Gerri as you know, ebola now in the u. S. The first ebola patient diagnosed in the u. S. Is in serious condition in a dallas hospital but could this have been prevented . The patient will reportedly not be given a drug called zmapp, an experimental drug given to two american medical workers this summer because, theres none left. What is worse, we could have a pile of zmapp doses ready to go if the government didnt let the treatment languish in limbo for years while it waited for a democrat. Dr. Scott gottlieb a fellow for American Enterprise institute. Dr. Scott, i will start with you, is the government doing enough to find solution to ebola . We havent had sufficiently robust effort. There are a number of promising therapeutics used against this virus including drugs approved for other purposes that could potentially be active against ebola. Historically we tried to funds the programs with series of epsoddic grants. It hasnt been enough to move it quickly and bigger
And what theyre trying to do, you hit it exactly on the head when you intread this. Introd. Theyre trying to find a solution but going about it the wrong way. Theyre trying to cut price of higher education. Theyre targeting middle income, and middle class families to incentivize enrollment rates in universities because weve seen past few years that colleges and universities seen massive decreases in enrollment rates. Gerri confusing me here. Youre say theyre trying to cut the price. I think prices are only going up. This is a little incentive, a little goose maybe 2,000 bucks for a family having major financial problems because of college debt. Let me show you a number here and this i found surprising. 39 of families earning 65,000 have Student Loan Debt of 30,000. At this level it is just unpayable, wouldnt you agree . This is just an impossible nut to solve for if you have debt that high . I do agree. Heres the thing. Theyre trying to cut price for students, not the cost of education
Your questions, i just want to invite our viewers tonight, if you have a question for the congressman, you want to know about these airbags, whether congress is holding takatas feet to the fire on this, send me a tweet gerriwillisfbn. Well ask that question. Congressman, to you, were you satisfied with the responses you got today. Oh, absolutely not. This is one of those times where both republicans and democrats on the committee were unified in our frustration with at that caughtta. They came in saying, we arent going to do a National Recall. Weve done everything we think we should do. Even though, they further testified that they still dont know what the root cause is. That was very frustrating. I want people to hear directly from takata themselves. Here is what their Vice President of Quality Control had to say on the topic of recalls. Listen to this. We are confident that the inflators we are producing today are safe. Takata continues to believe that the Public Safety is best serve