Most like to buy hell join us with that in just a moment power lunch starts right now welcome to power lunch. Im dominic zchu. The Energy Sector is leading the market higher and up around 16 for that sector, its best week ever, ever historic levels. First, its a long, long 2020 for the group here, still down 45 for the year overall take a look at two of the big earnings winners youve got cisco up more than 6 and disney off the highs but still up 2 as its streaming service passes 73 million subscribers. In just the past two weeks, the dow is up nearly 11 for more on the markets now, lets go over to bob pisani with the latest bob. Hello, dom. This week has been about the rotation from growth and momentum into value and cyclical stocks, and thats playing out again today, very similar to what happened in the other four days just take a look here. Good day for energy stocks, good day for bank stocks, good day for industrials. These had great runs this week ener energys up 16 , banks up 12 ,
Points s p turned negative. Down by lows to 3 points the nasdaq down by 72 points this morning a mixed bag again dow futures indicated up by 43 points s p down by 3 points the nasdaq down by 27. Overnight in asia, the nikkei ended down by 0. 3 the hang seng down by 1 shanghai down by 0. 20 in european trading, ret arroir across the board, though the ftse is at the flat line lets check out currencies yesterday cruel oil prices were down 1. 5 . This morning the dollar is up against the euro at 1. 1862 dollar yen at 112. 45 Republican Leaders in the house and senate are racing to merge the tax plans and send the bill to President Trump before the end of the year. A Conference Committee plans to reconcile the two pieces of legislation starting this week among the differences the house has four individual rates, the senate seven the house cuts the corporate rate to 20 right away the senate waits until 2019. The senate repeals the individual mandate while the house doesnt. Another point of p
Subcommittee on Economic Opportunity oversight hearing on veteran homelessness. I want to apologize first for being a little late. I had another obligation in my responsibility on the budget committee. And my breathe brad winstrup, chair of the Health Subcommittee will not be able to make it and so im going to preside. We have the vha subcommittee chair Julie Brownley and her capable leadership. Thanks for being here. Then my friend from texas and Ranking Member of the subcommittee for Economic Opportunity, orourke is joining me as well. Our chairman is joining us. Thank you, dr. Rowe, for coming, i want to begin by also asking for unanimous consent for congressman mike kauffman, congressman scott peters and i guess thats it to set in on the dais and participate in todays hearing. I dont hear any objection. So ordered. Im going to cut through my remarks here and break from my customary reading a script and just say that this is a subject that is heartbreaking. And when you look at the
Opportunity oversight hearing on veteran homelessness. I want to apologize first for being a little late. I had another obligation in my responsibility on the budget committee. And my breathe brad winstrup, chair of the Health Subcommittee will not be able to make it and so im going to preside. We have the vha subcommittee chair Julie Brownley and her capable leadership. Thanks for being here. Then my friend from texas and Ranking Member of the subcommittee for Economic Opportunity, orourke is joining me as well. Our chairman is joining us. Thank you, dr. Rowe, for coming, i want to begin by also asking for unanimous consent for congressman mike kauffman, congressman scott peters and i guess thats it to set in on the dais and participate in todays hearing. I dont hear any objection. So ordered. Im going to cut through my remarks here and break from my customary reading a script and just say that this is a subject that is heartbreaking. And when you look at the statistics on veteran hom
And the disabled and the chronic conditions, we have got to do more than just keep them covered, we have got to cover and then at th to the cost curv. David blumenthal at commonwealth has done a famous job explaining this. This is what the states are doing that i think its is reay exciting news. Im going to do another session on this. Reforming the Delivery System and reforming the way that we pay for care in this country. We have to treat Health Care Just like a bunch of economic and the words paying for value that is with medicaid is focused on these days i will stop there and look for questions at the end. Thank you. That is a great start this discussion and now we are going to turn over to daniel skyler who is the director of Exchange Technology and a former director of the technology for Utah Health Insurance exchange which has been in business as long as anybody. His colleagues have been helping a number of states prepare for the implementation, especially the exchanges and we ha