However, there is no guarantee that a simple repeal bill will pass. For now obamacare lives and we have to live with it and we have to pay for it. So now, what about tax cuts . Will a divided g. O. P. Fail on that, too . The president growth agenda is threatened and given the house and senate and the white house to the republicans, what will the voters do in the next election . All good questions with no immediate answers. The with the fail, a low to the u. S. Dollar. And the stocks supported by netflix and a hope for Strong Companies this week. Throughout the health care debate, we said something is better than nothing. Well, this Tuesday Morning, weve got nothing. Varney company is about to begin. You know, why dont we start with netflix . Why not . [laughter] shares will open at an alltime high. Netflix posted blowout numbers, the big deal, the number of new subscribers. All right, ash, how many. Ashley yeah, 5. 2 total million, that is not 5. 2 people. 5. 2 million total subscriber
Welcome to power lunch. Im michelle carusocabrera. Recordbreaking day for the markets. Take a look. The s p 500 with new highs with 60 members of the index at all atime highs the russell 2,000 also at new highs. Morgan stanley is one of the winners. Its market cap for the First Time Since before the national crisis, bigger than goldman sachs. Other big movers today include aetna, cigna, boeing, carnival and royal caribbean. And one name not feeling the love today though. Snap shares falling to new lows again. Stock trading below 14 a share. This record breaking day for the markets. A year of records it has been. Driven today by a flood of earnings five dow components. New housing data and a sky high read on consumer confidence. Weve got it all covered for you. Bob pisani is at the New York Stock Exchange phil lebeau with gm. We begin with bob at the big board. 21 declining stocks. More winners than losers on the story. Lets look at several dow components caterpillar great global sales
It like they heard it and frankly the people that were questioning that statement was it too tough, maybe it wasnt tough enough. Maria this as china staterun newspapers calling on its government to, quote, state neutral if north korea strikes. President trumps comments taking a toll, in asia overnight, stocks sliding, hang seng sliding 2 and japan was closed but the shanghai down as korean kospi index. In europe this morning, declines across the board. Decline of better than 1 right now. In the u. S. We are taking a look at another down day, fourth straight decliner on the week, the industrial average expected to begin a fraction, just 18 points, nasdaq down a quarter of a percent, 14 points lower. Police officer survives a shooting that was caught on his own camera. The scary scene and heart wrenching moments when he relays a message to his family. Thats coming up. Tracking money used for terrorism, new report in wall street journal, isis funneled money in u. S. Operative through ebay
Being a judge. But his nomination comes at a perilous time in the relationship between the executive and judicial branches. On the campaign trail and from inside the white house, President Trump has shown a deep contempt for an independent judiciary that doesnt always bow before him. He has questioned the independence of a judge based on that judges heritage, because the judge dared to rule against his business interests. He has questioned the credibility of a republican appointed judge who dared rule against his legally dubious executive order. And he has tested the bounds of our constitution in the first days of his presidency like no other occupant for this office. Time and time again, the president has attacked the rule of law, and even Constitutional Values and freedoms. When they get in the way of his goals. These attacks make it more imperative than ever that the Supreme Court be prepared to serve as a check on this administration when it overreaches. Simply put, the bar for a S
Hang on their choice. I ask consent to speak in morning business. Without objection. There is a poet, it went like this. When i was going up the stair i met a man who wasnt there. He wasnt there again today. I wish that man would go away. I thought about that poem when i listened to the majority leaders speech about how cooperative he has been when it comes to Supreme Court nominations. The name he forgot to mention was Merrick Garland. Merrick garland was nominated by president obama to fill the vacancy of justice antonin scalia. Merrick garland, the only president ial nominee to the Supreme Court in the history of the United States senate to be denied a hearing and a vote. Merrick garland, who senator mcconnell said i will not only refuse to give him a hearing at a vote, i refuse to even see him. Merrick garland, found unanimously wellqualified by the american bar association, Merrick Garland, a person who received bipartisan support for appointment to the Dc Circuit Court of appeals