This event at cspan. Org. We leave it now to take you now to a briefing with Senate Minority leader chuck shumer. Reporters and where the little kid reporters. Theres one. Anyone else . Theres one. You see, its not your fault, kids. Your parents refuse to cooperate here in the nice little exercise we had. Okay. Anyway, thank you, big and small, for coming. Grownup and growing up for coming. So we all know a lots happened in the last few days. So i wanted to take a couple of minutes to discuss where Senate Democrats are on taxes, health care, government funding, and then take some questions. First on taxes. The president s outline yesterday is a direct assault on the middle class. And an expensive gift to the wealthiest americans and the special interests. Just this morning, secretary mnuchin was asked to guarantee that the middle class would pay less under the trump tax plan. He refused to do so. If on one piece of paper you can guarantee that the wealthy and the special interests will
David in washington, today is the day for health care. When the house representatives are slated for a vote to repeal and replace obamacare. For all the details we go to Kevin Cirilli. Kevin, they are going to have a vote today. Do they have the votes . They think they do but who knows . Paul ryan has said he is not going to bring a vote unless he has the votes. Thatndications suggest after yesterdays introduction of an amendment by representative upton which would be in a billion dollar increase to preexisting condition clauses over a fiveyear period , that will be enough to win over moderates. Concerns show that whatever bill they get, it hasnt been scored and it could radically change once it gets to the senate. David last time we played through this, we had a lot of problems politically because as many as 24 million americans would lose their Health Care Coverage. How many will this time . There is no way to know entirely just how much but the concerns amongst the people im talking
Later the analyst is here to make a bold case on why they will go as high as 500 a share. Will you not want to miss. That first we start off with breaking news. This hour to repeal obamacare. Hi, elon. Reporter hi, mellissa. The president says the vote in the house for obamacare was a sign of unity and show they can get things done and tax reform is coming up next. Were going to get this finished. Then we are going. As you know, we put our tax plan in. Its a massive tax cut. The biggest tax cut in the history of our country. I used to say the biggest since ronald reagan. Now, its bigger than that. Also, pure tax reform. So we will get that done next. This really helps him. Before we can get to all that, there are still a lot of pieces that need to fall in place t. Senate needs 51 votes to pass through the Upper Chamber using a process known as reconciliation. The bill thats expected to undergo major changes along the way. Majority leader Mitch Mcconnell said the status quo is unaccepta
Where are the drinks . Im ready. Welcome to power lunch, im michelle carusocabrera. You can see the dow is lower by 91 points and the nasdaq is managing in positive territory, Goldman Sachs and United Health are weighing on the dow following their ownerings and those two stocks are responsible for more than 50 point in th dows near tripledigit decline. On the flipside, as i mentioned, netflix is up more than 10 ity hitting alltime highs on the back of their results. Harley davidson is tanking 10 motorcycle maker says demand is slowing from the baby boomer Customer Base and well talk more about that ahead and chipotle is down more than 5 . A chain shutting a restaurant in sterling, virginia, after customers got severely sick after eating there that stock down 22 in two months and well speak to one analyst who unlucky for him, just upgraded the stock based on queso. Qu is eso. Cheese. The Gop Health Care bill is dead and now so is the republican plan for a straight Obamacare Repeal and P
Chipotle today its a new problem but its an old problem. The stock sinking on news a restaurant in virginia closed after a number of customers became severely ill after eating there. Well tell you where it is i guess i just did, and how chipotle is handling that issue coming up. Lets start with the financials weighing on the dow. Goldman sachs the biggest loser after its Earnings Report out this morning wilfred frost is here to break that down for us. Goldman sachs failed to navigate the market as they aspired following another good quarter in the markets and currencies business. Heres their show Martin Chavez. The primary driver for the declines sequentially are year on year. Was lower client activity with all the drivers that we that we discussed, lower volatility, less dispersion, less opportunity. Commodities is a story of challenges on all fronts, and there was lower client activity and also a difficult marketmaking environment. This was the worst ever quarter for commodities sinc