Welcome to power lunch. Im michelle carusocabrera. Take a look at Community Health. 8 moves about 40 of the health care moves are within 1 of at least a 52week high its the ipo of the day. Shares of altice is up on the first day of trading more on that brian . Health care stocks are moving on the senate bill news. You have glaxosmithkline and tenet health care, a hospital operator, up more than 8 . Ka Kayla Tausche has the latest kayla . Reporter the senate bill is a modification of the house bill passed two months ago but has a new name its called the Better Care Reconciliation Act but like the house bill, it moves to repeal all of the Affordable Care act taxes and mandates there instead replacing them with tax credits. The senates bill basing those on income instead of based on age. States can waive coverage of essential Health Benefits but not of preexisting conditions planned parenthood would be defunded under the senate bill medicaid growth is expected to slow in 2021 and by 2024,
Visitors like otto warmbier. It is no surprise that north korea is determined to deploy ballistic weapons technology. The United Nations has passed good Security Council resolutions on north korea, spurred by u. S. Legislation that we passed in this committee. U. N. Peace keeping has played a Critical Role over the years in advancing u. S. Interests and should be prioritized in accordance with u. S. Law. The recent deaths of peace keepers in south sudan and in mali remind us of the dangers they face. But Peace Keeping would find more support if failing missions, some decades old were closed and the horrendous sexual abuses tackled head on. This committee has pushed to improve the u. N. s transparency and accountability, advancing protections of whistle blowers and bringing u. N. Peace keepers that are sexual predators to the bar of justice. Ambassador haley we look forward to how we can support you working to improve transparency and accountability. This committee looks forward to assi
Good morning happy friday welcome to Worldwide Exchange on cnbc. Im sara eisen im mike santoli in for wilfred frost. Its new music friday. This is what we do. Kicking off the weekend with drakes latest called signs. If that wasnt in the te teleprompt teleprompter, would know that . I would not i know this is drake. I might have guessed that. Another slide yesterday led by technology where the nasdaq closed lower by 1. 8 futures are pointing to a higher start. Futures were higher yesterday at this time. Then it all fell apart did have some pockets of strength in the session including financials dow futures up 40. S p up 4 nasdaq up 2. Lets check on the f. A. N. G. Stocks they led the selloff yesterday theyre still down fractionally in the premarket worth watching, they make up such a big portion of the market and a big important Leadership Group for the market tenyear treasury note yield, a lot of people are blaming the jump in yields for the sudden selloff in stocks. Its something weve
Plus shares of nike can climbing 6 . New science of a coming trade war. The Trump Administration reportedly near imposing new tar rifs of steel imports. Well dig into the story and the Market Movers on it. As we head into the final trading day of the month the dow and s p each on track for a 7th consecutive positive quarter nasdaq the best performer despite weakness in june also up some 14 that compares to 7 in the s p. 7. 7 for the dow. Its going to be the worse since 2010. 2010. How about that and a lot of it came recently. This week the dollar is down 2 and that was largely driven by the euro shooting higher theres this narrative that the rest of the world is coordinating and i mean the world Central Banks. The ecb, the bank of england, maybe the bank of japan but theyre coordinating the begins of an exit from super easy monetary policy. There was a lot of Central Bank Speak and that is what is being attributed to this rise in global yields that we have seen. Ten year treasury yield
Hang seng index was weaker down 0. 8 . The shanghai was flat. European equities this morning, if you want to look and see whats happening in early trade, green arrows across the board. The ftse is flat the cac is up by a half percent. The dax is up by 0. 2 . Crude oil prices which were up once again yesterday, weve seen at least six sessions in a row of gains, up to 45. 28. Here are the big stories. Good morning Tesla Ceo Elon musk tweeting again. When asked about speculation on the release date for the model 3, musk tweeted news on sunday the model 3 is teslas highly anticipated socalled affordable model. Starts at 35,000. Musk says the production version of the model 3 will be unveiled in july, but still no official release date tlaes has taken in more than 400,000 preorders for the car. James bullard is retreating further from his formerly hawkish stance on rates. He said weak data undermined the feds plan and the central bank should take a more reactionary approach, if and when it