Nasdaq was strong. Technology, one of the better performers on the day. Investors betting lawmakers will reach a deal on the debt ceiling and avoid default dont. John harwood with the latest developments out of washington. Down to the wire, what can you tell us . It is down to the wire, but they are going to reach a deal. The senate expects to vote within the next few hours on that deal. Expect an overwhelming bipartisan vote in favor of the deal struck between harry reid, democratic leader, mitch mcconnell, that would reopen the government, extend funding through january 15th, lift the debt ceiling through february 7th. And that deal is expected, as i said, to go some time between 5 00 and 8 00. The house will take it up. They could be done in the range of 10 00 to 11 00. The bill would then go to the president. I just spoke to a House Republican who said that the at the Leadership Meeting just concluded. Speaker boehner, entire leadership indicated they were supporting this deal. The
Squawk on the street begins right now. Good wednesday morning. Welcome to squawk on the street. The shows going well already. Im carl, with melissa lee, jim cramer and david faber. We have earnings season officially under way. Courtesy of alcoa, some pretty decent sentiment this morning. Well talk about that with cramer in a moment. Europe, numbers over there as well. Germany Industrial Production did miss. Green arrows across the board from london to paris to frankfurt. Our road map kicks off with earnings season. Europe is better than expected, but does this set the tone for the season with goldman predicting the s p will be in a Holding Pattern for the first quarter. Apple at the low end. The journal reporting a cheaper iphone may be in the works. Is apple simply going to where the growth is, and a sign that margins may face more pressure . Yet another setback for boeing and the 787. Canceling a domestic flight after a computer erroneously signaled a brake problem. Clearwire gets a
Incredible run for the market this year and also his take on this. A new highly polished bitcoin magazine. There it is. Being sent to homes across the nation. Remember, mr. Schwab invented marketing to Retail Investors. Well want to hear his reaction to this one. We certainly will. Huge news out of General Motors, tapping mary berra as new ceo. When will a major wall street bank do the same . Well take a look into that. Right now heres whats happening in the markets as we head into the final hour of the day. The dow losing some ground here, trying to hang onto that 16,000 mark but down about 26 points. The s p is giving up four. The nasdaq is down by three points as of now. 4,065 is the level there. Joining us in our Closing Bell Exchange is amy wu, jerry from platinum partners, mike santoli, and drew from hightower, and rick santelli. As we mentioned, drew nordlick to you first, whats going to take police between now and the end of the year . Scott, we expect to see a santa claus rall
Employers were choosing to buy up until now. When i was an employer, you said it was done on a statebystate basis, they carry all of these outlying coverages. The essential Health Benefits. Not a state by state requirement the national requirement. And what is offered . What is in each plan, was done on a statebystate basis. Categories of the essential Health Benefits are mandatory. Some states dont have Mental Health coverage and some do. The particular benefits, fundaMental Health coverage. All right. You are telling me my old law firm, 15 employees, they will not be able to find a plan that is offered, if required federal benefits. Mentalhealth and Substance Abuse and maternity. 60yearold carrying maternity coverage. Spreading the cost of maternity coverage to women across the entire pool of people. That is how insurance works, you just paid for what you need, spread the costs across everyone. You choose to go by the coverage you need and spread the risk among the other people who n
Wellcoordina wellcoordina mentd well coordinate we are well and we are having the first symposim and we will think about it for all of the programs, like the most obvious on medicare, but the United States department of agriculture and Veterans Administration and other folks to talk about this coordinate and have beneficiaries as well coordinate joining us at the mhealth conference is kent dicks what is is this . This used to be known as medxs coordinate we are a remo this is the technology you would find in your car and sent data to the cloud walk us through a demonstration. This is the mobile link device. At alere we have point of care devices for lipoids and a1c. This is able to do readings and a patient that is on a concern drug would have to go to the doctor once a week to make sure blood thinners are working. This device is produced and called the in ratio 2. This data goes to the device and to the Nursing Center where they can help monitor the patient and they will alert the pat