Weekend between Colin Mcgregor and Floyd Mayweather well talk about the big business of the big fight, massive fight. You are watching. Ill definitely be watching that i dont know about either sport. It will be a spectacle for sure. But you do it yourself or no . No. I wasnt clear here id probably ends up in the heavyweights category and i would be destroyed. I was beginning to see that im kidding. Yes, you would. No, i wouldnt. Joining our Closing Bell Exchange today to knock things around, we have chris constantino, jonathan le the futures turn over by nine point, whats going on there . No major headline thats out there. Sorry as soon as i asked you about that, we go to the white house. A lot of shared goals, thats what we are focused on we are disappointed that obamacare they failed to get it repealed and replaced, but at the same time President Trump has worked with leader mcconnell to reach out to other members and to work on those shared goals. We will continue to do that when th
Power lunch starts right now. All right, welcome, everybody. A big show as you can see. The dow, the nasdaq and the s p 500 are all higher. But is the stock market getting a little too cozy with one likely election outcome . Well tell you why the races you arent watching may be the most important of all. Meantime, the big sectors also higher across the board, health care really the standout, shares of United Health are soaring. Also, look at the semiconductor space. Chip stocks on pace for the best day of the month. Intel, big upgrade. Well tell you about that. Brian, thank you very much. Welcome, everybody. Im tyler mathisen. Here is what else is happening at this hour. Millions of Social Security recipients will get a monthly increase in benefits next year. How big . 3 . That is the fifth year in a row that Older Americans will have to settle for those historically low raises. Starting today, at t customers can talk, text and use data while they are in cuba. And samsung reportedly no
Preorders for the new iphones were coming in strong. Could the ipad pro be causing problems next quarter, thats coming up. Plus theres the fed. The decisions impact on biotech of all places. We will break down how thursdays big meeting could shake up that sector. Plus weve got two stocks that could break out no matter what the fed does in that space. We will tell you what those are in just a moment. We will start with alibaba whose shares with falling, down 3 right now after bare rons put that report out saying the stock could fall another 50 in price from here . In the past alibabas jack mau has said he doesnt pay much attention to the companys stock price. Listen. I dont watch t i think we will let the market take care of themselves, we should watch and take care of the business. When it goes down im not excited, when it goes down im never depressed. This is how people look at and what we should focus on is our business, our customer, our employees are the same. What are you going to
The bigger banks that were diversified didnt fail. We did it anyway. The big banks didnt want to do it because it was a cross subsidy to the small state banks. The savings loan refused to go along but they refused to take their own and ensured next year. The second thing is we tax equity before you can pay the equity holders. This is a huge incentive for all the banks. To leverage as much as possible. And so the bank capital went down from 20 to 5 , the regulatory minimum, immediately. And those sentives still exist today. So in the postwar period, america was on the winning side of the war. We had a lot of economic stability. In the 60s, the homeowner ship rate, to act 65 . Totally funded by private savings loan deposits and mutual savings banks. Now, the homeowner ship at the time was considered a very good thing. There were no political incentives that we can speak of. America was the land of opportunity. Either they had the zipging house or they continued to save. They didnt take c
I appreciate what the secretary is doing with the restructuring and coming up with a strong internal audit system. However i must express that i am skeptical about how that is going to work. We have the whistleblower protection act but its not enforced. My concern burst of office we have heard so much testimony in thandthe committee about a cultf secrecy and culture of retaliation, and retaliation is a huge deterrent to hearing the complaints. So my first question is to you we heard theres been retaliation against employees. I encountered there is retaliation against patients who might feel they have a complaint against a facility. Are you aware of any retaliation against patients or veterans . I think thats a really important question. Im not aware of any retaliation in part because my Agency Jurisdiction is for employees to come forward with retaliation complaints or disclosures of waste, fraud, abuse or Health Safety problems. Someone could come to us if they thought that a patient