Deadly mudslides in california. Powerful torrents of rain and mud ripped up trees and homes, trapping people inside. Not everyone has been saved. The storm is blamed for at least 13 deaths in Santa Barbara county. Search and rescue are still looking for people. Reporter mud and debris covers homes and roads with one official saying, it looks like a battlefield. Its an allout search for rescuers. We have multiple reports of people trapped. Reporter theyre plowing through the walls of mud, standing on top of homes, and using search dogs, hoping to find those who are reported missig. Its our worst fear coming to life for us right now. Our people are trying to do the best work they can and perform as many rescues as they possibly can. Reporter the rain fell hard. Officials say two to four inches fell in last than 30 minutes in some areas, bearing down on the same parts of Southern California blackened by the devastating wildfires. The only words i can think of to describe what it looks lik
It was his dismissive tone to people paying taxes. That is essentially what he said to maria. And many tax cuts are going to people that dont pay taxes. Were not minimizing what they do pay, payroll taxes and like, but when it comes to income tax relief, the folks paying a big part of bill are not getting benefit from the bill, despite what you hear. Saying that to that crowd at Economic Club in new york, already wincing losing very big deductions their way. By the way that roped in a lot of middle class taxpayers as well, people are stepping back, concluding, weve got some problems here. Were on tom for the next two hours. Whether youre on left or right, democrat or republican here, there do seem significant differences between a house plan that thes out and senate plan coming out today. A senate plan that were told keep a lot of overthemes you hear from the house and trying to make sure that we get some tax relief but it might be delayed. It might come in phases. When it comes to tha
Connell have happened to you. Dagen lovely people, lovely flight attendants on american airlines. Love the people. Connell i am glad you dont focus only on the negative. Stocks of two which is positive as we have mixed Economic News which we will talk about with bob schiller, Alan Greenspan, peter barnes, Nicole Petallides starts us off from the floor of the stock exchange. Nicole you see the Dow Jones Industrials up 20 points. We havent broken through yesterdays highs. We had an incredible run, weeks of gains, an incredible year. The dow was up 23 , the s p up 27 and the nasdaq up 30 . The run continues and some names on the dow better hitting highs said disney, american express, a traveler to name a few. Take a look at tiffany, alltime highs for tiffany, a higher quarterly profit in asia, that is where way saw the strength for sales and raise fullyear earnings per share numbers looking good peer up 7 . Dagen to the storm that could wreak havoc on Holiday Travelers across much of the
In the work force logger to leave sooner than they might otherwise. So i think that is one of the realities and as i started out with my comments, i think one of the big contributions Juliette Cubanski did with the study, being one of the first to look at the whole world and ask questions, how does this analysis of Public Policy change once you factor in the enactment of the Affordable Care act and its implementation in 2014 . This is a question for Juliette Cubanski. The kaiser study estimates spending of full medicaid coverage to everybody eligible for medicaid presume that 100 would get coverage. Questions both about coverage and cost. The study is done and we know what is going on in the real world, what are the more likely to affect on coverage and more likely effects on medicaid costs . I am going to broaden the question little bit and talk about the effects for all coverage sources. We assumed as i said that everybody who lost eligibility for medicare would take another source o
Something similar. Connell no, dont want to have to report it to the union, even though we are not in one. It was a pretty expensive gifts, without giving it all away. Dagen if you are trying to check off your christmas list, there you go. Stocks hit new highs, Nicole Petallides at the new york Stock Exchange. Nicole the Dow Jones Industrials hitting a record alltime intraday high today of 15,732. Still holding onto some nice gains of 69 points at the moment. The s p would be a record closing high, couple of points away from intraday alltime high. We continue to watch the market to the upside, waiting on the twitter ipo tomorrow. And yesterday was a real indication of the 10 business of this market. A quick look tesla effort recorded the quarterly numbers. The outlook falling a little shorter of what people had hoped for. Right now at 148. 82. Dagen thank you, nicole. Connell the obamacare rollout and website can and will be fixed. Facing another tough round of questioning in the senat