Do you recognize this pose . Legs crossed. Welcome to power lunch. Im michelle carusocabrera. First backtoback losses in more than a month. Utilities, technology are leading the way while energy lags. Another rough day for snap. The stock is down again. Trading well below the price of 21 a share. Ouch. Ouch, indeed. Snap, crackle and pop. Tyler mathisen here. Trade deficit jumping to its highest level in nearly five years as oil prices pushed up import costs in total. Zte Telecom Giant has agreed to pay the u. S. 182 million for violating iran sanctions. And clean up is under way in missouri after two tornadoes touched down last evening. About two dozen people were hurt but none have lifethreatening injuries. Jampacked two hours of power lunch coming your way. Brian sullivan is with us today from houston. Brian, what do you have on tap . Weve got a lot on tap, tyler mathi. Sen, thank you so much. We have a bunch of ceos for our cnbc audience. Conoco phillips, pemex and bp. Not just pri
Moving with the fluctuations related to the headlines about whether or not theyre going to vote. Do they have the votes . All the different scenarios and what they mean for your money. Dont move. Weve got a busy two hours of power lunch. Starting right now. Good afternoon, everybody, and welcome. Im Tyler Mathisen. Before that final, we think, house vote on capitol hill. Team of reporters are standing by. John harwood is standing by in our newsroom. Lets kick it off, though, with Kayla Tausche on capitol hill. Kayla . Reporter tyler, there have been some reports that say the report is in jeopardy. Politico say there are signs hours before the vote. Quoting some leadership saying they dont know which way the vote will go, despite the fact that they have been trying to whip members and calculate votes throughout the morning. At this moment the Vice President is huddling with members of the Freedom Caucus a short distance away from the capitol at the Capitol Hill Club holding an offcampus
Known. This election marks the Largest Senate gains for a president s party in a first Midterm Election since at least president kennedys in 1962. There have been only four Midterm Elections since 1934 in which a president s party has gained even a single senate seat. As of now, we picked up it looks like three, and could be four, and perhaps two, but we picked up a lot. Most like ly the number is thre, and you people probably know that better than i do at this point, because you looked at the more recent numbers. 55 is the largest number of republican senators in the last 100 years. In years a president s party has only
acquired eight cumulative seats averaging one per decade, and so if we picked up two, three, four, that is a big percentage of that number. So in the last 80 years, you think of that. Only eight seats. In President Obamas first Midterm Election, he lost six senate seats, include ing ing i deep blue state of massachusetts. Republicans captured at least four senate seats
Famous House Freedom caucus, a conservative trent franks of arizona, about where he is. He told me that he is undeclared, meaning hes close to deciding, he pretty much knows inside where hes going to go, but he hadnsnt said public. Heres how he described the atmosphere. You and your fellow Freedom Caucus members you think have made this bill better for conservatives. But enough do you think that you and your fellow Freedom Caucus members will be able to vote yes . See, thats the big question. Im convinced weve made it better. We want to make it even better. And it will just depend on whether or not those of us in our own hearts and conscious, where that line will be. And i dont know. Reporter so wolf, that is the conservative side of the republican equation. The bigger problem at this hour seems to be the moderate side. You have some pretty important moderates suddenly saying, you know what, i cant support this because of the changes you just heard trent franks describe, the conservati
Capitol hill, along with jake sherman, Senior Writer at politico and former republican congressman from florida david jolly and anton gunn, farmer director of external affairs for the department of health and Human Services and philip klein managing editor and columnist of the washington examiner. Chris, you are where the action is. Paul ryan is at the white house, kristen. Do we have any idea whats going on . Reporter katy, hes going to update and brief the president on the state of play on capitol hip. As you point out, when we all went to bed overnight, after a very long day, republicans still didnt have enough votes to get this passed, more than 30 republicans leaning or expected to vote no. So i anticipate hes going to update the president on the vote count and on the reality of the situation, but the bottom line here, katy, is that the white house is digging in, issuing that ultimatum saying the president is done negotiating. Its time for a vote, and the ultimatum being if you vo