Million people, gives them a tax credit, it gives greater choice. In one of the issues i have with a lot of the models is they are static. They talk about this prong only. I think when you look at the subsidy and the cost of a current plan right now without looking at prong two and three and how those will additionally drive down costs, that its not a fair analysis where the plans going, but theres no question that right now there is you know, i detailed it to jim. We have a system that mandates that people buy Health Insurance under penalty of law, and its not working, and so the question is what can we do instead and what can we replace that with that gives people greater choice and lower costs. Of course people are going to choose in a free society to not purchase something. We live in a country of 320 Million People. You cant force a product or good down a free society. If you give a quality product that serves their needs that they have at a time at a price they can afford, there
Iea saying the global glut say that ten times fast is bigger than thought. And the risk of Oil Prices Falling further has increased. That this has nearly every oil Company Stock lower again today despite some of the bigger names likes exxon, chevron, shell and others being in the middle of a mini rally this month. Self ron up 2 this past week. And exxon mobile up about 6 . Joining us now chris kelly, he covered the oil sector for janice. Chris, listen, lets try to focus the whole story through one stock. That is a name you like. Enterprise products, he pd. Their numbers werent terrible. Their earnings per unit down a little bit but better than expected. Volumes, okay. Gross margins, okay. Yet the stock is being absolutely pumeed. Are we seeing and this maybe is just one example of it indiscriminate selling at this point without regard to fundamentals . Hi brian thanks for having me. I think we are having some technical macrodriven elements of the market outside of fundamentals. To be c
Political campaigns are rafrming up, ahead of this evenings nevada caucus. 30 delegates are up for grabs and divided among the top finishers. While the delegate count may not be that high compared to other states, any win or solid silver second place performance in the silver state could provide much needed momentum ahead of super tuesday, one week away. Donald trump hoping to capitalize, about to host a rally in sparks, nevada. Weve got our cameras trained on it. Vegas casino owner and businessman in the lead, but nevada polling is known to be unreliable. Leaving las vegas after spending the morning in sin city. Senator marco rubio left nevada to gather endorsements and fundraising from the establishment. While ted cruz is hoping to revive some of the iowa caucus magic to help shake off yesterdays campaign controversy. The resignation of his main spokesman, which you only saw right here on countdown because we were the only news network who got that story and was on that story at the
Other indexes. And a new blend. Keurig Green Mountain agreeing to a buyout and those shares are absolutely soaring. Lets get straight down to the trading action this hour. Bob pisani is joining us from the flor of the new york stock exchange. How much of the stock markets drop is due to whats happening with oil and Energy Stocks . Oil and the fed are the two things motivating the market right now, but the problem is there is no trend and thats causing a lot of confusion in the last few days. Just look what the dow has been doing since thursday. Thursday the dow is down 250 points. Friday the dow is up 369 points. Today the dow is down maybe 200 points, we dont know where its going to end up but right around there. Is your head spinning . Mine is. And the Trading Community is having trouble figuring out where they want to go. Fed and oil two big things. You mentioned some big oil names. Theyre all down 2 , 3 . But were hitting a lot of new lows in some of the smaller names, particularly
A year. Stocks have given back their early gains from that strong jobs report. The real question, josh, is where in the world do we go from sneer how disappointing do you think it is that we dont have a meaningful bounce to talk about off of a great jobs report and maybe some stabilization in china if you want to call it that . So the s ps off 9 1 2 from its alltime high. The russell, though, is down 19. Which is something weve pointed to very frequently. And i think its pretty obvious that at this point were in a down trend. The worst thing that could have happened this morning was a big gap up and thats exactly what happened, and thats why it failed. I think the most important thing for investors to understand is that the big up moves, the big oneday rallies, they all occur in down trends, they all occur in bear markets. 22 of the 25 best days for the dow jones of all time took place when the market was below its 200day. So the worst thing you could be doing right now as an investor