Headlines from outside the business world. Emma chandra is here. Emma thank you, david. It was terrifying night on the Las Vegas Strip. Police say a gunman perched in the mandalay resort and casino opened fire on an outdoor music festival. The death toll keeps climbing. Eres the las vegas sheriff. The number of injured, i do not know yet. But we are looking in excess of 50 individuals dead and over 200 individuals injured at this point. Emma police swat units stormed the mandalay bay and killed the suspect in the shootout on the 32nd floor. Hes been named as steven paddock, a 64yearold las vegas resident with no known terror connection. Hes believed to have checked into the hotel as a guest. Authorities say theyve also located a woman who was described as a person of interest. Meanwhile, nearby Mccarran International airport has resumed operations. Some flights had been diverted to other airports during the shooting. And well bring you more on this developing story as it breaks. David
Replace obamacare. Hospital stocks are leading the way, but insurers are outperforming the market and drugmakers, too, have been going up well have much more on the proposal and the impact on various stocks thats coming up in just a few moments here. Molina health care is one insurer really profiting from obamacare. How will the bill affectmanage cops like molina well have the ceo weigh in. And were pleased to welcome Goldman Sachs new president and chief executive officer Harvey Schwartz who is with us here at the New York Stock Exchange. Well talk with him exclusively about financial reform, the latest round of the stress tests which, by the way, are coming out a little more than an hour from now a lot to talk with harvey coming up in a little bit here. Lets begin though with the Health Care Stocks rising after Senate Republicans released their discussion draft of the bill Kayla Tausche joins us from washington with some key takeaways. Kayla. The discussion draft is seen as an openin
Good morning, welcome to squawk alley. Kara is joining us from our Nations Capital more activity in trump tower. Marilyn houston is meeting with the president elect. We have been following this one. Phil is joining us tr chicago. Good morning, what this meeting is is the second one between the ceo of martin and donald trump in the last three weeks. Lets see if this one goes better. That was down and she walked in there. A short time later we saw the ceo of boeing walk in. He said im not happy about the cost of air force one. Or the f35, what is Lockheed Martin. They said were going to work the administration to bring down the cost. She walked out and didnt say a word. The trump tweets continued to blast locke Lockheed Martin. Theres been a couple tweets and hes talked about it at press conference this week. So they meet at noon. Lets see if the meeting goes better in terms of her making it clear to the Trump Administration that she understands their concerns, and will work with the adm
J jim, a remarkable quarter, best quarter ever for a financial. All i can say is there will be many more many better quartequarte quarters ahead. Heres what i think. Whether its the jpmorgan or the financials in general, its a barometer for the overall market. When you look at the chart for the banks or overall market we stabilized for the last month or so after that tremendous trump rally. Does it get given back before we go higher . I submit to you, no. Based on these earnings and granted were really early in the earning season, but based on these earnings this is going to be a stair step pattern through the year and what weve had over the last month is just the pause that sets up for the next step higher and earnings are going to be the catalyst that makes that happen. Josh, some wiare wondering a the banks had a great run and, if you want to use the word, they stalled because thats what seemed to happen, maybe you know. Youve called it consolidation of the gains. Yes. Does this the
Surpassing the build we got from the api last night. A drawdown in gasoline, 1. 9 million barrels. We were trading 50. 18, that was flat before the report. You can see were under 50 now. Its actually the first build that weve seen in six weeks. Seasonally, we expect to build at this time, but we havent seen it. Now its starting to hit the market. Now there was strong support in crude oil at 50, but this really pushed us through. And remember, were dealing with a dollar thats strengthening as well. So thats going to add some pressure. Yes, theres some optimism out there about opec, rush sharks putting a deal together by the end of november, but its numbers like these that are going to encourage the sellers to come back into this market. So a 4. 9 million build, first one in six weeks. Pretty significant, back to you. We are seeing that selling come in. Thank you very much, jackie deangelis. Our top story this morning john stumpf is out a the chairman and ceo of wells fargo Effective Imm