302 billion transportation budget before congress right now. For more on this the founder and president of americans for tax reform, grover norquist. Hello. Hi. Gerri i thought i was already paying for this, mr. I pay my gas taxes every time at the pump why is that not enough money. Because 25 of the gas tax money you pay in end up in mass transit to pay for rather expensive pensions for people who work in new york city and washington, d. C. Metros take home. Theyre not building roads with a quart of that money. Heritage foundation says more than 38 is siphoned off into nonRoad Construction and maintenance. Bike paths and things like that, in addition to mass transit. So, because they take so much money, that you think youre paying in gas taxes for roads and for other stuff, obama comes back and says, oops, we need more money. Gerri hang on, grover. There is something in the world called the highway trust fund, right . Unfortunately yes. Gerri it is facing a 63 billion short fall. So m
News coming in. It was the philly fed that looked like things were turning around. Yeah. Higher in western europe, becky, but an entirely different story in russia. Lets get to that. Russian deputy finance minister saying he expects no big Immediate Impact from western sanctions on russias financial sector. And he argued that the countrys creditworthiness has not worsened. U. S. Imposed a second wave of sanctions on moscow yesterday, and the European Union is expected to announce measures over russias moves to the next crimea region of ukraine. Russian officials criticized the downgrade of russias trading outlook. Saying there was no basis for the move. The s p and fitch provides their longterm assets on russias debt from negative to stable. So far, the russian markets are feeling the pinch. The russian rtx down almost another 3 right now. While the broader miex micex i. Their version of the down is down over 21 over three months. It is down 24 over the past 12 months. Nothing short of
One nevada man signed up for health care on his states exchange. He paid his premium. But when he suffered a heart attack and underwent triple bypass surgery he was stuck with the bill. I will let larry here to tell his story just how much that bill was. Joining him, obek royce of the manhattan institute. Welcome to you both. Larry, this story is amazing. What kind of a bill did you get . Well i received several bills. The bill that everybody sees on television and the newspaper is 407,000 bill. That is the one that came from summerlin hospital, the hospital where i had my surgery. But i also had six or seven other, as you probably know, maybe you dont, but six or seven other doctors such as emergency room, anesthesiologists, xray folks, other gerri it all adds up. Yes, it does and it is not on that 407,000 bill. That is in addition to that. Gerri wow larry tell us about this story. You tried to sign up for obamacare right away. What happened . I started on october 1st. I was told on o
Actually gained 44 points. The s p declined. 23w0u6r789s tech play nasdaq got hammered. Finishing off 1. 07 . Down much more, because as i have been telling you for weeks and i have been worried for weeks and ive made it clear to you again and again, Fund Managers are going to sell, sell, sell, all those stocks, including many of your favorite tech names in order to raise money to buy ali baba, the day it comes public, no matter what the price, including the higher 66 to 68 range announced tonight or maybe even higher. You see the stock of the chinese ecommerce tighten even at the seemingly lofty levels will still be very cheap, not just a revenue clip but on actual earnings growth, making ali baba a better investment than just about every other large capitalization stock out there that these managers hold. So it will be a magnet for huge funds to pick up. Thats why theyre selling their other stocks to come up with as much ali baba as possible. There is not as much new money to transfe
Okay, johnson with a headlines on algebra. Ah, a minute silence has been held across the United Kingdom on the eve of Queen Elizabeth the 2nd funeral. Since wednesday, hundreds of thousands of people have lined up to see the queen lying in state. She lay to rest later on monday. Us present, joe biden, and the 1st lady pay their respects the queen in london earlier on sunday, up to 500 foreign dignitaries from 200 countries or in the city to attend. The few. People have already begun the camping out to watch the funeral procession. And those hoping to witness the 1st funeral or british monarch since 952. 00, braving a cold night. Why was you dont pay this is, this is not just once in a lifetime, once everybodys life and this is not going to happen. I think in the u. K. Ever again. 70 years. All clean. Right . Ive got to, were going to have a monitor the right, the 70 is good. And just to pay your final respects to her. Why wouldnt, why would you be sure. Yeah, i know if you go to come a