Gets underway at 7 20 a. M. Eastern. Whip steveity scalise was among the speakers at the annual conservative Political Action conference. He talked about socialized medicine and health care around the world. [applause] rep. Scalise good morning tell to all my friends at cpac. Welcome. Are you all fired up for 2020 . You ready for november . [cheers and applause] rep. Scalise yall know whats at stake. 2020 will be a contrast election, and there is no sharper contrast between the conservative principles and values our country is built upon , what President Trump has done to deliver for families through individual freedom and socialism on the others that you can see on full display in these debates. I hope they have a debate every other day said the country can see every aspect of your lives they want the government to take over. You dont want socialism. You surely dont want socialized medicine. There is going to be no sharper contrast between these battles, freedom versus covert and vers
Capital hill testimony from fed chair Jerome Powell where hi alled a potential cut in Interest Rates later this month. Health care stocks also contributed to the rise. We willhy explainn a moment, but first the closing numbers for this thursday with the ge Industrial Ave gaining 227 points to 27,088. The nasdaq was down six, the s p addedix bob pisani has more on the recordsetting day. Reporter another day,ot r market milestone. Investors cheered comments from the Federal Reserve signaling that a rate cut is likely just ound the corner. The dow crossed about 27,000 for the first time today and the s p 500 movedust to the edge of 3,000,nt fraction of a poi below it. Close enough. What a difference five yearss. Ma the s p has moved 50 in less than five years from 2000 in august of 2014 to 3,000 essentially this week. The market today is different than it was in 2014. Investors have played favorites in a very big way, big tech and faang names dominate among the winns. Amazon and netflix u
The answer, unfortunately, is the very culprit caught in a u. S. China tugofwar right now. Details on what can boost chinas productivity and whether they could gain access to it september 1st is when drug Price Reductions are set to take effect and one of our guests says it will make the entire largecap pharma space vulnerable and it will hit five names first. We have those details ahead. If thats not enough, dom chu has a look at the market you and i have been up very early and we are still upright right now and kelly, if you look at the board behind me, youll see things havent change a lot from when we were on in squawk box this morning, but we have seen an acceleration in the Technology Trade well get whats driving that sentiment in a couple of minutes here and the dow industrials are just about flat on the session and thats pretty much unchanged. The s p 500 is up 18 points and onehalf of 1 and 18 points at the highs of the day we were up roughly 22 points there and down 11 at the
Wants to lower Prescription Drug prices. Hes with stat news. And for viewers unfamiliar with stat news, what is it . Were a national publication. We Cover Health Care and medicine. Were based out of boston, owned by the boston globe, but we have reporters across the country including us here in d. C. That cover the politics. Stat news. Com is the website for viewers who want to follow along and look at some of your reporting. What did President Trump claim when it came to Prescription Drug prices . He said he wants to bring down Prescription Drug prices. How had ewants to do that is whats unusual. He says he wants to change how the federal government pays for its Prescription Drugs that it buys through medicare and medicaid. He wants more direct negotiations between the federal government and the Drug Companies. Thats usually what you hear from democratic politicians, not republicans. Whether hes able to rangle his party to do what he wants to do will be interesting to watch. Special p
Happened. The two iraqis in kentucky was were the most shocking example. They had done bad things in iraq, lied to get into the country, and had our Current System been in place, they would have been caught before they got here. That is why the system has been improved since that episode. You had said few things in life are riskfree, i heard the governor of Washington State say you take a risk when you get out of bed in the morning, there are a lot of dangers in the world, absolutely, but i think the program we run does as much possible to reduce the risks of bringing refugees to this country. We have great confidence in it. We invite members to come out to the field and meet some of the people and sit through some of the briefings by leon steen that i sat through leons team that i set through. Ms. Richard, that is what hates that is what makes me hate waste, fraud, abuse, deception so much. When anyone engages in it, it impacts those that would never consider engaging in it, because i