And youre turning around and cutting 185 billion from the same people then youre cutting i believe 179 billion from medicaid. Now, im pretty sure those people dont make 50 now dollars a year. So youre cutting 364 billion. There are no cuts to medicaid in this bill. I beg your pardon . Im reading off of the cbos form. 179 billion in medicaid subsidies. Thats where the money is coming from. Where do you think the 300 billion is coming from . Is there a fairy dropping it on the senate . The money youre spending is coming out of medicaid to people that make less than 50,000. Youre trying to shop this like youre giving a 43 billion savings . Just so you know cbo, thats people who are leaving medicaid. Mr. Chairman and what they estimate is going to happen. You have spending 318 billion to make tax cuts for corporations permanent. That money is coming from the very people you say youre saving by eliminating 43 billion in tax penalties. All these people and you know whats going to happen . Th
We have micro climates because of the winds. 55 to 58. 57 to 59 by 4 00. And by 7 00 the winds will keep the temperatures up, low to mid50s. Freezing temperatures on the way. Well talk about that. Heres sue. Were taking a live shot of the bay bridge toll plaza. We are down two lanes this morning so lanes 14 and 15 were cash paying lanes are now out of Commission Due to the fatal truck accident over the weekend. These are cash paying lanes here and these are cash paying lanes on the righthand side. Already with the delays backing up here. Well take a look at the mcarthur maze. From hercules and into the city including the toll plaza. About a 30minute drive and well check back on this and more. One more look, this is from our live crew there this morning. Theyll be there all morning long. Drivers are sharing their memories of the toll booth operator who died, si si han. One woman always passed through lane number 14. She says hans warm smile made a usually hectic commute much brighter. A
Territory for the year. The features are telling a different story. Loss on the dow futures this morning. Again, volatility in the bull market coming on the nineyear anniversary next month we will ask the question. The economy still strong. The atlanta fed reserve to lower their firstquarter gdp forecast to 4 . That is down from 524 last week. In europe, stocks are heading higher. The flood of gains across the board. Asia overnight stocks mostly lower. The kospi and south korea the worst performer there. The nikkei managing to eke out a small gain. The budget battles looming. Small banks tomorrow night to keep the government running as the house stopgap spending bill to fight now turns to the senate where immigration remains a positive issue. President trump waiting for the white house yesterday. If we dont change it, lets have a shutdown. We will do is will do a shutdown as we do for our country. I would love to see a shutdown if we dont get this stuff taken care of. Train to the late
New furniture. Dream to in europe, stocks open higher in the wall street rally. Jerome powell testimony this morning. Lauren japanese stocks gaining upper 1 and falling over 1 . Tree into breaking overnight comcast is with 31 billion with the rival bid from 21st century fox. The details of that deal. Fbn am starts right now. Lauren 5 01 a. M. In new york february 27th and lauren simonetti. Lea i am Lea Gabrielle been for cheryl casone. Lauren a big day, said dave. Jerome powell and the hot seat on capitol hill as he makes his first Public Comments about the economy and inflation is the Federal Reserve chairman. Investors listening closely for any clues on whether the fed will raise Interest Rates more aggressively than the expected three times this year following the taxcut plan and also budget spending. Stocks rallied sharply yesterday ahead of day one of powells testimony this morning. Basically what we know is jay powell had no reason to push a more aggressive stance right now and i
City on edge this morning. Police on the hunt. Is this big cat prowling the streets outside homes . Its a big hit on social media but not everyone is laughing. And we do say good morning, america. On this wednesday morning and were following that breaking news. We have some live aerials of that massive warehouse fire. Its in new jersey but smoke could be seen for miles. Even as far away as here in new york city. The fire broke out overnight and much more on that in a moment. That is coming up. We begin with the stunning dash cam video released last night. It shows the confrontation in texas between a trooper and sandra bland, the woman arrested found dead three days later in her cell, and it shows a relatively normal traffic stop that escalated so quickly answering some questions raising new ones. Abcs ryan smith is tracking the case. Good morning, ryan. Reporter the full story of why sandra bland was arrested after a routine traffic stop was a mystery until now. This new dash cam vide