, i want to say a few words about some of what has been said thus far. My democratic colleagues always professed to be the champions of middleclass families. We see that rhetoric in full bloom, on full display today. That is why it is astonishing to atthat they are so opposed the repeal of the individual mandate tax. They talk as though everything is fine with our health care system. And that the repeal of this taxable said it all tumbling down. Obamacare is already failing. Largely because the mandate has failed to do what it was designed to do. It has not improved markets. It has not brought down premiums. Markets are in decline. Premiums continually rise, despite the presence of this tax. The great irony of obamacare is that on one hand it makes Health Insurance too expensive for many to afford, while on the other hand it imposes a tax on those who do not buy it. The mandate has not improved the health care system. It has imposed significant burdens on middleclass and low income fam
And potentially we have a deal. What about the irish border . At one point it was that a twomonth high, 5 10 of a percent. And we are talking about 58 basis points, modestly steeper by a basis points as you had supplied coming from the front end earlier this week. Bitcoin, 10,000. Jonathan about the happen again. Alix 11,000 call . David it just keeps going. Extraordinary. We want to get some news outside of the business world. First word news. Emma good morning. Breaking news, matt lauer we understand has been fired, according to the new york times. More on that story as it crosses. On capitol hill, republican plans to push a tax bill through by the end of the year picking up steam. There was a closeddoor session, called somewhat of a lovefest. The Budget Committee looking to send the tax bill for a vote as early as tomorrow. And north korea warns that the latest missile can deliver a Nuclear Warhead anywhere on the u. S. Mainland. The regime conducted its first missile test in two mo
Lunch begins right now welcome to power lunch. Im Michelle Carusocabrera. The dow hitting record highs again, pushing closer to 25,000, just days after crossing 24,000. The s p 500, the russell small caps also hitting record highs but in the category of things that make you go hmm the nasdaq struggling again today because of a tech slump. Nvidia, micron, amd among the biggest declines check out what else is moving at this hour. General cable is soaring more than 30 the industrial wiring cable maker getting a 3 billion takeover from an italian rival facebook is down about 1 . One of the stocks pressuring the 100. The social media giant unveiling a messenger app for children more on this controversial move straight ahead on power. Michelle, thank you very much welcome, everybody im Tyler Matheson we begin this hour with that big market rally youve been watching all day today over 20 now of the s p 500 sit at 52week highs tracking the action at the nyse. There is some very interesting rot
Well, tha a big question a big meeting on capitol hill tomorrow may give us some answers perhaps the fist big test of the new year will come from iran. Deadly empty government protest there, least 20 people reported dead calling those protesters, quote, enemies of iran. Big day, of course, as we kick off a new year 218 is here and Varney Company is about to begin. Well, have you noticed unless you live in very southern, florida or out on west side in california it is freezing outside frigid temperatures continue to grip wide swaft of the country from pink and purples youre in deep purple youre in deep cold. Heres that weather map where windchills bundle up we mean that is obvious isnt it and snowstorm by the way, is brewing we are told off the atlantic coast. And if it it pushes east it could be a major storm up and down i95 corridor, oh boy looking forward to that. Or more for us on that, potential storm about three minuteses from now. Lets take a quick look at the stock future for yo
Of the best ways to keep away the winter blues. All of a sudden everyone so Health Conscious and its not just about looking good its also about living longer a field thats big business feeling young and fit even into old age but can we afford the costs of so many People Living so much longer. The breakthroughs in science a fascinating in singapore investors a poor ring money into new technologies for longevity german entrepreneur preach off to look at some of the visionary medical innovations in a country that can afford them. More than fifty years ago it all began here on a small scale which objects now says its hard to imagine today the german businessman is very impressed by singapore. The city state is now a modern and very wealthy country and its citizens are living longer and longer. So how do people live longer and remain healthy thats the central question on debt service mind as he heads out for a round of interviews with scientists in the high tech metropolis first stop a visi