Replace obamacare. Hospital stocks are leading the way, but insurers are outperforming the market and drugmakers, too, have been going up well have much more on the proposal and the impact on various stocks thats coming up in just a few moments here. Molina health care is one insurer really profiting from obamacare. How will the bill affectmanage cops like molina well have the ceo weigh in. And were pleased to welcome Goldman Sachs new president and chief executive officer Harvey Schwartz who is with us here at the New York Stock Exchange. Well talk with him exclusively about financial reform, the latest round of the stress tests which, by the way, are coming out a little more than an hour from now a lot to talk with harvey coming up in a little bit here. Lets begin though with the Health Care Stocks rising after Senate Republicans released their discussion draft of the bill Kayla Tausche joins us from washington with some key takeaways. Kayla. The discussion draft is seen as an openin
Plus the dow and s p were set to rebound from what was the worst session since mid may. Despite an improving ipo pipeline blue apron ahead of the nysc debut tomorrow. Senate republicans hoping to get a vote on the Health Care Bill after the july 4th recess that fols the decision to postpone a vote amid gop senators passage of a trump care bill seems unlikely due to political obstacles. Goldman says quote estimates of the potential increase in the uninsured population seem unlikely to improve even after revisions to the bill. Public support is weak and divisions appear to pose too many obstacles people trying to make arguments what could bridge some of these divides. More help for opioid addiction but others argue its just too wide. Theyre pushing back on it, anything comprehensive that would represent an overhaul of the aca and its funny because its echos more reasons to talk about tax reform too were not going to get a big comprehensive reform package so its interesting. Obviously the
Wrong, but still didnt lose any money. No, its not, just the magic of options. The action begins right now. Lets geet get right to it. Stocks are sitting near record highs, but if you missed out on this rally, what do you do . One of trades i was looking at in the immediate aftermath of the brexit vote when we had this stock market volatility across the world. I wanted to go back to u. S. Centric stuff. Things that had yield and one of those names was target. Sounded counterintuitive in a lot of ways, but this was a name that you know, made a lot of sense because they dont have any international exposure. Its got a 3. 35 dividend yield. Its massively underperformed many peers. Walmart, which is up on the career. When i look at chart, i look at a gap. There was a massive gap in mid may, they guided down that june quarter and if they can get just a few things right when they report in mid august, i think youre going to have this stock kind of fill in that gap, so i think a name like targ
Third row until it is repaired. Here is the concern, voiced by the president of teslas sales and Service Division about what could happen in an accident if someone is sitting in that third row of the model x. It is actually with the leverage of weight in the seat pulling it forward. So this would be an example of a front crash, where the weight of the passenger seat belted to that seat could cause that latch to fail. The third row for the model x, they are being replaced. And it will take about two hours for the repairs to happen. By the way, the 2700 vehicles almost all of them are here in the United States. There are very few delivered outside of the United States. Tesla says the repairs will be done over the next five weeks with a new seatback put in place to replace not only the hinge, but also the seatback. The recall will not impact model x production, which tesla is in the course of ramping up and one other note, tesla says this recall will not impact its financial results. So,
Euro strengthening after reaching a low around midnight. Stock futures edging higher despite mixed Economic Data in the u. S. The Federal Reserves seal of approval banks struggle to pass the stress test shares of citi and Morgan Stanley rise. Bank of america and others lose ground. The first cut is the deepest, box and shake shack releasing first Quarterly Results since ipos and the reaction on the stock is not pretty. Stock futures higher despite a surprise drop in retail sales down. 6 in february due to bad weather in parts of the country. Strip out auto sales fell. 1 . Claims fell more than expected last week down 36,000 to 289,000. We knew autos were going to be weak, and they were. Yeah. Februarys a weak month in our country, which is so funny because we are so used to thinking about one number, the employment number that we got. Everything else was just punk. The weathers very very important but a remainor to those saying like Richard Fisher departing the fed, its important that