Good Tuesday Morning welcome to squawk alley. Were with you for the hour, what a fascinating market day, john walmart and home depot tickiki things off then for awhile there a bit of a tumble the dow briefly at its biggest loss plenty of dynamics to watch as we watch the retail earnings and the progress on stimulus big stocks and big tech in particular apple is fractionally higher amazon perhaps riding that retail news overall. Up better than 2. 5 . Alphabet up about a percent. Microsoft lower, and then there is oracle. In the news because of this tiktok bid, perhaps, carl. I dont know if there is anyone not bidding for tiktok lets start off with exactly that as a source tells cnbc that oracle has entered the race to buy tiktoks u. S. Operations. Walt, you know what my first take was on this microsoft was telling this story about their focus on the enterprise now theyre bidding for tiktok and oracle, how does it facility them at all . Does everyone just have to have a look microsoft ba
Apple. Be that as it may, the s p is falling for the fifth straight day. Again it is on track for its biggest loss since going back to december. The 10year note, which is a good barometer how people are feeling, if you are nervous, park your money in notes and bonds, people are doing that, these are the lowest yields in the better part of three years. Were keeping an eye on that, keeping an eye on other things were waiting for. President might comment on that or all the above. He wants to up the trade ante. The latest besides affecting tariffs virtually on everything we get with china, he is talking increasingly now it starts at 10 with the remaining goods. It could go up still further. As stuart was pointing out. A lot of other goods and services were talking aabout could easily ratchet and move in different directions. Well keep an eye on that. Also keep an eye on what has been happening on the Precious Metals front. Gold, for example, getting a lot of buying interest, a little less
Leader wants to do . Host lets get an answer. Well leave this here and return to live coverage of the u. S. House. Postponed. Votes will be taken in the following order. The motion to suspend the rules and pass h. R. 3354 ordering the previous question on House Resolution 1194 and adoption of House Resolution 1194 if ordered. The first electronic vote will be conduct as a 15minute vote, pursuant to clause 9, remaining votes will be conducted as fiveminute votes. Pursuant to clause 8 of rule 20, the Unfinished Business is the vote on the motion for the jam from kansas to suspend the rules and pass h. R. 3354, on which the yeas and nays are ordered. The clerk will report the title. The clerk 3354, a bill to designate the facility of the United States Postal Service located at 220 north hatcher avenue in percyville, virginia, as the secretary of state, Madeleine Albright post office building. The speaker pro tempore the question is, will the house suspend the rules and pass the bill. Memb
[inaudible conversations] host Michael Tanner nice to be with you. To date we will discuss your book going for broke. We will start to talk about what prompted you to write this book . Guest one thing that has frustrated believe these people stopped paying attention to the debt crisis that they think we have beaten it because the deficit is down a lot in the last couple of years than people think that will solve the problem but the reality is we are in a very temper revel and within a year or so below sea the deficits go back up as we add to the debt every year we have not even begun to see the problem ticket with medicaid and medicare and Social Security start to add up and if we dont start to act now while the sun is shining we will be in trouble when the rain starts. Host what does through the numbers. People probably dont understand the difference so what does through the numbers with those fiscal metrics. Guest the dead is a much more we spend then retaken with revenue that is abo
If you talk to republicans, they will talk about health care costs, but this bill does neither and that is the real problem. That it was rush together by a couple of staffers in a very short amount of time. The Congressional Budget Office and that obviously on the other hand he leaves the infrastructure in place with republicans dont toe so that if someone were buy a policy in obamacare. If they bought the same policy for trumpcare, it would cost 74 more. Host we are going to be talking to senator Chris Van Hollen. We will go to him when he does join us and we are taking your calls. Andy slavik, that the record, were talking about medicaid reform and the need for it. Only do recommend specifically on the medicaid portion for ways to improve Medicaid Services and the cost as well . Nothing that betsy said was correct and with all we had anr, election about these changes. But we ended up with is a bill that takes 26 out of the Medicaid Program and money to American Families from hospital