There is a lot that you need to know. So lets go to the phones. Eric, whos our first caller . Melissa, our first caller is jim from oklahoma. Caller, youre on the air. Caller i think its really important, and dont you agree, that people of this country have to know what this is really all about. This is socialized medicine. Now, a lot of them didnt believe that. Well, there is a reason a lot of them didnt believe that. It is not socialized medicine. Health care will continue to be administered by the private sector and paid for by private insurers. Actually, the real goal of obama care is to expand Health Insurance to some of the 48 million people, thats 16 of the country, who do not have it. So first, lets back up and talk about how insurance works. Preobama care, if you dont have insurance through an employer, then you have to buy your own policy, and that really sucks. Especially if youre sick or have anything that an Insurance Company could call a preexi preexisting condition, like
40 days to christmas, two negative forecasts, shopping, Varney Company is about to begin. Became big business overnight . Like, really big. Then expanded . Or not . What if they embrace new technology instead . Imagine a companys future with the future of trading. Company profile. A Research Tool on thinkorswim. From td ameritrade. Friday morning and you cant get away from the impending collapse of obamacare, the fred upton bill goes up in the house today. It would allow Insurance Companies to continue offering you the plans you liked for another year. Essentially pulling away people from the exchanges. That would gut the basic premise of obamacare. The question is how Many Democrats will actually vote for it. Rich edson is on capital hill. I need an indication of how big the democrats revolt is. Stuart, i will say 35 and i used the vote back in july to delay the employer mandate, but it could be much bigger than that considering poll numbers after the rollout of obamacare, the botched
Too, right . The advantage of being able to say, well, were different now. My company is not going to be focused on the cost cutting and its negative effects. What can you really say when someone says that . And the harder you sort of criticize her and pushback, the more people say, well, she wasnt in charge, anyway. So its a moving target for these congressional guys. Do you want to give her a grade . I think she did as well as could be expected. In terms of apologizing or i think what people wanted more i think they were expecting too much, frankly. Given all we heard was im not sure who its passed off on the but why is there no name attached to it . There should be some names, its a big company. Anybody knows it could be this maybe ayman jabbers in washington. Who we said were going to get to, but now were going to get to him. Does he have a name . We have never met another ayman, either. Every third guy in ireland is named ayman. Do they do it that way . Thats how its done. Look, m
Susie investors soured on apple tonight the stock tumbled as much as 2 , dipping below 600 in afterhours trading. A rare earnings miss was the reason. The lower than expected numbers came just days after all the hoopla over apples launch of the new ipad mini. Apple earned 8. 67 a share, eight cents below estimates. Revenues came in higher than expected, almost 36 billion. On top of that earnings disappointment, the company gave a less rosy forecast for the future. Suzanne pratt takes a closer look. Reporter wall street called this a throwaway quarter for apple. After all, the iphone 5 was only available for one week during the period, and the newly launched ipad mini has yet to hit stores. Still, apple sold nearly 27 million iphones during june throughseptember quarter, well more than expected. Experts say apples biggest problem was that it couldnt make enough iphones. Iphone 5 is going to continue to be an absolutely huge product. One thing iphone 5 has that the tablets dont is subsid
Launched ipad mini has yet to hit stores. Still, apple sold nearly 27 million iphones during june throughseptember quarter, well more than expected. Experts say apples biggest problem was that it couldnt make enough iphones. Iphone 5 is going to continue to be an absolutely huge product. One thing iphone 5 has that the tablets dont is subsidies. Because iphone is sold be carriers, you can get that upfront price down to 199. Reporter as for ipad sales, they were a bit sluggish in the quarter. Thats because there was a bit of a pause in demand ahead of the tinier tablets release. Consumers bought 14 million ipads in the quarter, somewhat less than anticipated. Despite the companys solid quarter, there are concerns about growing competition. Thats as the era of apple dominating certain categories has passed. We used to say theres no tablet market, theres just an ipad market. Done, over. Amazon, google, on the second tier, people like barnes and a noble, samsung theres serious competition