Worldwide exchange on cnbc im wilfred frost. We will get to the markets they are pointing higher yesterday we had a triple digit decline for the dow, down more than 130 points. We are bouncing back this morning. Not quite triple digits. Up 92 points for the dow 10 points for the s p. The nasdaq up 30 points. Energy the worst sector yesterday. Oil prices continued their recent two or threeday slide. Energy sector down 1. 2 . The best sector was financials up 0. 2 . In part getting a boost when richard cadre, the cfpb chief announced he would go eight months before the end of his term he was one of the last few remaining obama pro regulation i appointments in powerful positions. His departure helped some of the consuming lending banks in particular lets look at why were higher in part because of the rest of the world was higher yesterday the rests of the world was lower and that fed into a generally riskoff tone by the time we opened bouncing back. The nikkei up 1. 5 down 1 yesterday. Eu
, i want to say a few words about some of what has been said thus far. My democratic colleagues always professed to be the champions of middleclass families. We see that rhetoric in full bloom, on full display today. That is why it is astonishing to atthat they are so opposed the repeal of the individual mandate tax. They talk as though everything is fine with our health care system. And that the repeal of this taxable said it all tumbling down. Obamacare is already failing. Largely because the mandate has failed to do what it was designed to do. It has not improved markets. It has not brought down premiums. Markets are in decline. Premiums continually rise, despite the presence of this tax. The great irony of obamacare is that on one hand it makes Health Insurance too expensive for many to afford, while on the other hand it imposes a tax on those who do not buy it. The mandate has not improved the health care system. It has imposed significant burdens on middleclass and low income fam
Okay. Committee will come to order. As we resume the markup, i want to give people an idea as to how well be proceeding. Well continue with another round of questions about the modification. Well then conclude this portion of the markup at the completion of that round. I hope everybody doesnt have to ask questions, if they do, they do. At that point the modified mark will be open for amendments. Before we continue for the next round in fact, i think its open for amendments now. First i want to say a few words about some of what has been said thus far. By democratic colleagues always profess to be the champions of middle class families. We see that rhetoric in full bloom, on full display today. Thats why it is absolutely astonishing to me that they are so opposed to the repeal of the individual mandate tax. They talk as though everything is fine with our Health Care System and that the repeal of this tax will send it all tumbling down. The fact is that obamacare is already failing. Larg
Titanic because the corporate rate would slide from 35 to 20 whose right to Charles Payne . Charlie gas and weve got kennedy here along with ben stein and adam leshinsky. Charles payne . Clayton i dont know why he made it either or proposition. Competition drives cost and goods like that but every Company Struggles and looks for the lowest tax domicile. Even amazon is looking for someone to give them 10 billion in tax breaks, lower taxes dont mean anything to Corporate America or the bottom line and to the economy. Neil and obviously companies rich with this stuff. I mean, apple comes to mind. They certainly seek out low taxes. Listen i like mark cuban, nice guy. Its funny that he earned his billions or billion or whatever hes worth 2 billion and now he wants to deprive other people of potentially earning a billion by listen, the bottom line is this. Innovation does occur no matter what the tax code is like generally, as long as we have a generally free market but youve got to look at
Making a difference. Rwe go up at the beginning theyre inking a deal with italys enel. Welcome to the show. It is a brandnew start to a trading week. A lot going on today. What a busy morning we have going on the euro has turned positive afterdipping to a twomonth lo versus the yen the ftp made a surprise move to pull out of the weeks long talks with chancellor Angela Merkels conservatives and the greens citing a lack of Common Ground merkel expressed her disappointment but vowed to keep disruption at a minimum for germans. This is part of the coalition when partners have to meet each other. You have to overcome long distances, therefore, i regret with all respect to the fte that we couldnt find a common solution. The ftp leader explained why his party left the bargaining table. We wont leave our voters in the lurch by going ahead with a form of politics about the heart of which we are not convinced. It is better not to govern than to govern wrongly. Lets get out to annette whos been c