Were in upstate new york. I work in under served capital regions of the United States we need desperately more capital to support the entrepreneurs and the innovative ideas that are coming out of places that are outside of new york city, Silicon Valley and boston and we really appreciate the opportunity or i really appreciate the opportunity to have my voice heard today to talk about those things and just want to encourage the administration, anything that you do for Venture Capital will pay off huge dividends because we are the net new job creators in this country and have been for more than three decades. All net new job growth created in the United States is because of investment by Venture Capital. Thank you great job youve done. Good morning, mr. President and mr. Vice president my name is George Matthew im ceo of cespery were an industrial drone manufacturer made in the United States i look forward to showing you how Industrial Work is more easily accomplished with use of a drone
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,
Replace obamacare. Hospital stocks are leading the way, but insurers are outperforming the market and drugmakers, too, have been going up well have much more on the proposal and the impact on various stocks thats coming up in just a few moments here. Molina health care is one insurer really profiting from obamacare. How will the bill affectmanage cops like molina well have the ceo weigh in. And were pleased to welcome Goldman Sachs new president and chief executive officer Harvey Schwartz who is with us here at the New York Stock Exchange. Well talk with him exclusively about financial reform, the latest round of the stress tests which, by the way, are coming out a little more than an hour from now a lot to talk with harvey coming up in a little bit here. Lets begin though with the Health Care Stocks rising after Senate Republicans released their discussion draft of the bill Kayla Tausche joins us from washington with some key takeaways. Kayla. The discussion draft is seen as an openin
Actually believe they may exceed or at least equal obamacare. As we look at the expense of the bill, we actually believe in the first year or two that it may well cost more than obamacare. As we look at some of the things like a brandnew Panel Program to pay insurance companies, as a stabilization fund, we think the idea that are going to allow the death spiral of obamacare to continue but will subsidize it is just not a republican notion. Im open to voting for it but i think with the group of people we have a better chance of getting it repealed. So, right now, youre a no vote . We cannot support the bill right now. [inaudible] cruz, senator lee, and senator johnson and myself. [inaudible] the intention is to make the bill better and not take it down. I believe the leverage an account of poor people is enough that hopefully those who read the bill will say, we want some or all of their votes and, therefore, will try to make the bill look more like a repeal bill and less like a reitera
Watch live coverage of the Senate Health care debate on cspan two, cspan and our free cspan radio app. Former Homeland Security secretary jeh johnson appeared before our House Intelligence Committee hearing on russian interference in the u. S. 2016 election. He said the russian government and the direction of Vladimir Putin conduct did Cyber Attacks to influence the president ial election. Also discussed his rationale for designating u. S. Election systems as Critical Infrastructure in early january 2017. This hearing is to an half hours. Two and a half hours. Good morning. I have asked Rick Crawford to open with a prayer. Please bow with the. Heavenly father, we are thankful for every blessing. Thank you for the blessing of this nation. Father i just ask that her people would strive to be worthy of that blessing. Pray for humility and temperance and always do we say be pleasing to you. In jesus name, amen. In consultation with adam, i make a motion to give each member seven minutes to