Good morning everyone. Im joe the American Enterprise institute and i want to welcomen everyone here in our comforter and everyone watching through electronic means to conference t today addressing the general and very specific question also of stabilizing the Health Insurance market under the Affordable Care act and, in particular, some proposal made by a group of eight governors will actually be following the panel. You may wonder why we have the governor speaking after us and the answer is travel considerations. Fortunately, although this panel is certainly not obligated to confine their remarks solely to the governors proposal, fortunately, the governor did put out a letter last week that is really quite easy to summarize. I will start by summarizing and raising the point so that everyone has a basic grounding in what the governors are talking about and, to some extent, the basic grounding about what were talking about, as well. So, they identify really three categories of actions
Welcome, everybody, to power lunch. Im tyler mathes the win streak for the s p is clearly in jeopardy on this friday, this jobs day. Mornings job report, the s p, six record closes inthe row. The longest streak since way back in the clinton era, 1997. Financials, the best for forming sector today xlf hitting the tenyear high. The move could be a result of the treasury treasury today recommending looser Financial Market controls repealing sections of the dodd frank act and biotech is on the move with the ipb hitting nearly 2. 5 for the week speaking of highs, netflixs alltime high after it announced price hikes yesterday. Costco surprisingly the worst performer in the s p 500 it is rarely that. But it did report a drop in Profit Margins and that will do it, pete. Michelle the stock is getting hit hard, but we begin with the jobs report 33,000 jobs lost last month. The hurricanes being blamed for the first monthly decline in seven years. So should investors just throw the report away . S
After a severe days of heat. Tang has since been named a person of interesting in this class. He agreed to meet with police but he never did show up and police believed he has now left the country. The victims mercedes was found stripped. Sources tell nbc bay area news that a dismembered body has been found in a warehouse. Its believed to be the body of a missing San Francisco man. We will continue to follow this story both online and on the air. You can read about that investigation on our website, nbcbayarea. Com. Also on our free app, nbc bay area. A massive turnout in San Francisco for the annual pride parade. Security, though, very tight and political statements were easy to find. Nbc bay area tom jensen is near the start of the parade route. Its always a big festival and parade. Reporter it is and you were talking about peggy the political statements most notably near the head of the parade, the Resistance Movement, yelling antitrump chants and calling for action. A power of star
One is that in 2006 we couldnt afford it right now with the same budget that we could afford if by 2011. I was off a couple of years by the breaking point but now we are well above the breaking point and we can implement the plan that i present in the book for less money than we have in transfers and that situation is going to get dramatically worse if you want to think of it that way over the next several years because we do have rising entitlement costs and we can pretty confidently into the future and see budget deficits that are extremely serious, and i would say one way or another there has to be major reform. Congress isnt due major reform unless it has to and i think it will absolutely have to. That is one reason. The second reason is that much more than in 2006, i am aware of a huge shift thats taking place in the job market and its ten or 20 years down the road. Theres trucks and Driverless Cars within a decade. And in just the sheer numbers and the nature of the changes are i
They left the filibuster in place for the Supreme Court nominees. Over the last couple months they have made very vocal suit of Hillary Clinton as soon as they act a filibuster. I think they will act in kind if and when. A fight between those i think the answer is yes. But for them talk about Lower Court Judges lets talk about that. There 102 pending vacancies in the lower courts today. Thirtyeight of those vacancies have been classified by the u. S. Courts not exactly a partisan entity is emergencies because of the pressure that they had placed on other dockets. This is not just about the Supreme Court the opportunity to fill these courts. I can say no its ideological opposition. And compare them to their eight years. The numbers are almost identical. You can say that at different times to no one in the hell ever takes a socalled emergencies. Im sure there were some. What happened in 20072008 when they manage to get this confirmed the white house caved. That histories of giving to can