For stockholders definitely. For their patients maybe not so much. But that is getting a little bit into the weeds here. Lets focus on the Bigger Picture this is finally out there. There is bickering back and forth the timing of all of this, whether this is obamacare light. You heard all the criticism, protests amassing on capitol hill those say it goes too far, that it will kill americans. Protesters are going that far. To adam shapiro on latest on all of that. Hey, adam. Reporter better care reconciliation act. That is what senate introducing. Go you through a few details. It will continue subsidize in some cases for obamaCare Coverage to stablize insurance markets. No subsidies for could have includes abortion services. Defunds planned parenthood for one year. It will repeal billions of dollars in obamacare taxes. Repeals the individual and employer mandate. It caps medicaid payments. It preserves tax credits for people but theyre less generous. Phased out medicaid funding. This is
Clock at 3 00 p. M. And 45 seconds, so were watching it. This score could pave the way for republicans to move forward with their plan or put the plan on ice. Republican congressman Drew Ferguson ran and won on repealing and replacing obamacare. But could republicans in the senate derail his promise . Hes here in a fox business exclusive live. Number two, speculation running rampant, the Supreme Court Justice Anthony kennedy could announce his retirement before the Court Official adjourns for the summer. Some say today is his last chance. And the Prime Minister of india will arrive at the white house during this hour. Former u. S. Ambassador to india joins us exclusively on whether the two pro Business Leaders can iron out their differences to make a additional trade deal. Were less than an hour to the closing bell. Lets start the countdown. Liz i mean, one minute youre up 111 points and now the dow up 35. Whats going on . Well, wall street traders are turning up the heat during this l
Of a chance to get off the ground. The were going to be exploring that with senator roger wicker, of course one of the key players not only on the health care front but getting tax cuts launched and done. That is looking shall we say dicey. Blake burman at the white house with the latest. Reporter neil, keeping that in mind just yesterday at White House Press briefing the white house put forward mark short, legislative affairs head at the white house, in part talking about health care, in part talking about tax reform. Now fast forward 20 hours or so, email dump by donald trump, jr. , himself, poeted to his very own twitter account. Weve gone through the few emails that he posted. Let me ticket through from the beginning. Donald trump, jr. , has an acquaintance he known by rob gold steen. In this email in the early parts of june 2016 goldstein emailed donald trump, jr. , saying influential russians he had heard, top prosecutor had told these russians that had dirt potentially damaging
Are better at politics. Easier to be in the opposition party. Republicans united universally, no pun intended on this to object to obamacare, Affordable Care act, every single one voted against it then. Every single democrat has been a no vote on any of these initiatives now. But it is interesting to point out sometimes its a lot easier being opposition. But again im not making excuses for these lunatics. The fact of the matter is, they still botched it. I repeat something have been better than nothing. Neil let me write that down. Butted did i, thank you very,c very much. I hope to continue the momentum here. As stuart pointed out they will not get the something. So they are left with nothing. More to the point they are left with the Affordable Care act. As you have been hearing here. Likely this will stay in place for a couple years, assuming all republicans agree on a repeal effort. That is not a slamdunk. Georgia Republican Congressman doug collins. Congressman, we notice markets
As well. We have base metal seeing some strength today. Easternt 9 00 p. M. Time, President Trump addresses the nation laying out plans for afghanistan and he will hold a rally in arizona tomorrow, the first visit to the state since he was elected. Whole foods will hold a meeting takeovere the acquisition by amazon and thursday, the Kansas City Fed hosts the annual jackson hole economic symposium. Janet yellen and mario draghi are on the schedule for friday. The big event. Lateran the big event this week as the president heads back to washington, d. C. , investors are left guessing what the latest shakeup in the white house means for policy. After the news van and was out, the markets bannon was out, markets initially were up, but then they closed down. Is jan us now for more lloyd, jpmorgans head of global Asset Acquisition what was the message in the price section on friday . Is worried about where policy is going. We are used to politics. When policy gets affected, in particular, ca