Buckeye broadband supports cspan is a Publi Service along with these other Television Providers giving you a frontrow seat to democracy. Unitedhealth group ceo andrew witty testified before the Senate Finance committee about the impact of the recent cyber attack on healthcare, a subsidiary of United Health group that disrupted the payment and claims process for providers did he apologize for the chaos resulting from the cyber attack. This is about two hours and 15 minutes. [inaudible conversations] [inaudible conversations] the finance committee will come to order. This morning the finance Committee Examines the change healthcare hack that nearly brought our countrys Health Care System to a standstill six weeks ago. Joining the committee is andrew witty, the ceo of Unitedhealth Group, which owns change healthcare. Ill put things in perspective. Last year, uhg generated 324 billion in revenue, making it the 5th Largest Company in the country. Overall, the company touches 152 million ind
Off of the highest of the year. We will see a 10 drop, a correction until we are done around 4100 but we are headed in that direction. U. S. 10 year yield coming up. Yesterday morning we saw the 10 year go to 4888. Across the curve, the rise in yields has been the story and it is fascinating. Bloomberg and dollar index coming down, 1,274. Mainly as we have seen yet and against the u. S. Dollar and the nymex crude, what an incredible reversal this has been. Last week were up over 95 a barrel and now we are down to 82 and 77 since. Lots going on in price action across assets and in terms of the macro picture, San Francisco fed president mar ly spoke about how these high yields are affecting her thinking about the banks Interest Rate path. The bond market has tightened considerably. 36 basis points since we met in september. That is equivalent to about a rate hike. The need to do tightening additionally is not there. Matt mike mckee who covers all things fed. One possibility as to why yie
Cheer as the cryptocurrency heads to a bigger wall street stage. Hello from sydney where it is just past 9 00 a. M. Im haidi lun. We are in our out from the open of asias first major market. Kathleen im Kathleen Hays. Sometimes we say monday night, sunday morning in the u. S. A quiet recap. Between Bitcoin Futures getting ready to launch and the tax plan on friday, i think we have got to wait to see how much this does not just rock the u. S. Economy, how much it rocks asian markets as well. Haidi absolutely. With the comments, marco rubio throwing a stunner into the works and getting more pessimistic about tax reform. All of that seems to have changed. We could get the crucial vote before christmas. As you say, bitcoin mania again making headlines yet again. The thing to remind ourselves of is that this could be a much bigger deal given that there are expected to be much more players involved. Kathleen the cme is a much bigger stage. If we look at the cbd launch as a curtain raise, a p
So whatever beat out fake news. No offense but which i really hate. Yes. Also literally as in im freezing literally. Gosh. My choice really just a letter. A single letter. The letter k. K. As in im running late. Ill be right there. K. K. I hate its all good. Its all good. Okay. What does that mean. No. Its not. I find k so much more disrespectful thats okay. You didnt have the strength to type the extra syllable. I will remember that. Im glad youre here with me today. Sal and mike are off today. We will start in washington where republicans are planning to celebrate passage of the tax reform plan after one more vote in the house this morning. Reporter an early Christmas Gift for republicans as Congress Votes to overhaul the nations tax code and deliver the gops bill to the president s desk before the holiday break. President trump tweeting this morning, the tax cuts are so large and so meaningful. The results will speak for themselves starting very soon. Jobs, jobs, jobs. After eight s
It is really filtering in fast now. That will be a cool, breezy to blustery day out of the northwest for many locations. The system is producing snow up in the sierra. After that, 30s and 40s and 50s on the highs. Watch for a very cold night tonight into tomorrow morning. There is not moisture left but a lot of cold air. Over to allie with an update on the traffic. A problem to tell you about at westbound 237. Lets go to the maps. This is in the south bay near the milpitas area. There is a threevehicle crash that happened. You can see a lot of backup caused because of that. But solid red line there. The tow trucks are on the scene. Theyre in the process of clearing it out. Residual backup because of it. Going over to 880 northbound and southbound through oakland looks about. 880 north at marine boulevard onramp, there is something in the roadway in one of the left lanes. Be aware of that. The usual crowding that we see for this time of the morning. At the bay bridge toll plaza youre wa