All the latest details for you. After the bell, nike will report earnings. We got a debate on whether the stock is a buy ahead of that release. We begin with all of the news how ut of washington. Cnbcs john harwood is in d. C. With developments on the effort to repeal and replace obamacare. Ylan muil has the latest on the tax reform eamon javers, details on the press conference with the Prime Minister of jane Janet Yellens speech this afternoon. John, lets begin with you. Wilfred, today it became official what was obvious yesterday when Susan Collins became the third republican to oppose that Graham Cassidy block grant bill to repeal and replace obamacare. Turned tout be three republicans who caused them to pull the plug rand paul of kentucky, john mccain of arizona, Susan Collins of maine other opponents as well. Many states including the states of these three senators lost money under that plan. Remember, this is a plan in 2026 would have taken away 215 billion that the government is
Majority leader Mitch Mcconnell met with lawmakers today after senator collins late yesterday said that she could not support the Graham Cassidy bill. The decision not to take the measure to the floor this week was because the votes simply were not there. Now senator mcconnell says the Republican Party is moving on. Where we go from here is tax reform. Senator corker and senator toomey have reached an agreement on the parameters of the budget resolution. The Budget Committee will be marking up next week. And we plan to move forward on our next priority, which is reforming the american tax code in a significant way for the first time in 30 years. After that vote was scrapped, shares of the Health Insurance stocks rose. And hospital operators also gained on the day. Nikes shares were also on the move. The Worlds Largest sportswear brand reported a nearly 24 drop if quarterly profit after heavy discounting. But that was above forecasts. Revenue came in in line with estimates. Still, inves
Today weve seen the nasdaq bounced between gains and losses , not clear its going to have a record close, but any game for any of the averages would be yet another record close. One of the things that has been contributing to what games there are the market today is the iso nonManufacturing Index. Take a look of the groups on the move today. You have staples and Consumer Discretionary shares that are higher. An index was at its highest in 12 years. The Services Industries in the u. S. Expanding at the highest pay is in 12 years, Manufacturing Index earlier in the week showed a similar level. We are seeing is measured of the economy expanded, though should mention utilities in real estate are the two bestperforming groups on a percentage basis. Discretionary, you have some the top percentage performers in the s p 500 today. Dollar tree is higher getting a , viacomm an upgrade higher with a lot of media strength and trip advisor as well and interpublic. The Advertising Company rounding o
Dock is a man who spent decades acquiring weapons and am o, and living a secret life much of which would never be fully understood. The sheriff also added it is only logical to make the assumption that paddock had some help at some point in pulling off sundays massacre but as of now, we know the 64 year old pad dock had almost no close friends, no social media presence, and was described as an extremely methodical and guarded man. A major announcement by the National Rifle association this afternoon following the las vegas massacre. The nra today saying it is open to banning socalled bump stocks an attachment that enables a semiautomatic rifle to simulate a fully automatic rifle and its fire right and an nra statement says this in part despite the fact the Obama Administration approved the sale of stocks on at least two occasions, the National Rifle association is calling on the bureau of alcohol , tobacco, firearms and explosives to immediately review whether these devices comply with
What we know is stephen pad dock is a man who spent decades acquiring weapons and am o, and living a secret life much of which would never be fully understood. The sheriff also added it is only logical to make the assumption that paddock had some help at some point in pulling off sundays massacre but as of now, we know the 64 year old pad dock had almost no close friends, no social media presence, and was described as an extremely methodical and guarded man. A major announcement by the National Rifle association this afternoon following the las vegas massacre. The nra today saying it is open to banning socalled bump stocks an attachment that enables a semiautomatic rifle to simulate a fully automatic rifle and its fire right and an nra statement says this in part despite the fact the Obama Administration approved the sale of stocks on at least two occasions, the National Rifle association is calling on the bureau of alcohol , tobacco, firearms and explosives to immediately review wheth