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
Involved government leakers. Under sufficient. And possibly illegal content. Our fox business. The special counsel to president obama. He had experienced leaks behind the white house doors. The most notorious american spy when he worked for the fbi. Should the department of justice investigate the leak where the administration relationship. No less than six protesters have to be hauled out they were dancing and holding up palestinian flags. Five people as well. They served in that very position they had launched a mutiny by mail. Care live to tell you if he agrees or disagrees. The market get is on the verge. A lot of indecision at the moment. We are less than an hour to the closing bell. So much to lash out. Liz welcome to the foxbusiness deal death match. After five days of a record close as i want to talk about the market. Theyre swinging back and forth. Seventyseven times the nervous investors take a breather from days of pretty significant and heavy buying. The best indication tha
Tour of the dreamliner 787, a passenger jet built in america by americans, his take no prisoners management style jumped out as he revealed something that no doubt has two Aerospace Giants in a vicious competitive battle for the governments business. Were getting henry revel on the horn of a jet stealth slugfest. The president s surprise News Conference yesterday filled with headlines. Most notably for the markets. Blake burman at the white house whether the markets will run out of patience waiting on the tax plan. On wall street, nothing patient about the nasdaq. It is on pace for a record close again as the markets head into a Holiday Weekend with gains for the week. Lets start the countdown. Were less than an hour to the closing bell this friday. Liz breaking news, japans softbank which owns sprint is saying its prepared to give up control of the Wireless Company to force a merger with tmobile. Reuters is reporting that sprint is willing to do this to retain Minority Stake in the me
I think you are in favor of simplifying doddfrank but you think the Industry Needs to continue to have this regulation. Explain to us. I do think there are areas that could be simplified. There is a lot of complexity in doddfrank. I think it it hurt the Smaller Banks. Simplification could be helpful as long as thats not a rules for weakening not a ruse for weakening. Its important not to weaken on Capital Requirements. All the Bank Share Prices is re aicipating the Capital Requirements will be reduced. And that wont do much to help the economy. Gary did you say you think doddfrank benefited the big banks . I think the unnecessary complexity has benefited the big banks. You look how complex some of the liquidity rules are. The volcker rule. Compliance offices and teams of lawyers can handle it. Regional banks and Smaller Banks cannot. It disproportionately impacts them. Simplify kaig can ease the burden on the Smaller Banks. And make it more effective. The rules are hard to enforce. We
I think you are in favor of simplifying doddfrank but you think the Industry Needs to continue to have this regulation. Explain to us. I do think there are areas that could be simplified. There is a lot of complexity in doddfrank. I think it it hurt the Smaller Banks. Simplification could be helpful as long as thats not a rules for weakening not a ruse for weakening. Its important not to weaken on Capital Requirements. All the Bank Share Prices is re aicipating the Capital Requirements will be reduced. And that wont do much to help the economy. Gary did you say you think doddfrank benefited the big banks . I think the unnecessary complexity has benefited the big banks. You look how complex some of the liquidity rules are. The volcker rule. Compliance offices and teams of lawyers can handle it. Regional banks and Smaller Banks cannot. It disproportionately impacts them. Simplify kaig can ease the burden on the Smaller Banks. And make it more effective. The rules are hard to enforce. We