Meeting will come to order. This senator whitehouse. Let me ask first to put into the record a letter from our governor in rhode island which said in rhode island, we have seen exchange premiums decrease in two of the last three years. This has saved consumers 220 million since 2012. The story on the Affordable Care act is a good one. I would like to put this graphic into the record. To explain it briefly, the cbo estimate of where our healthcare costs are going to go in 2010 and then at this time, 2016 after the aca was in place they took a look at the Actual Experience and did new projections Going Forward based on the Affordable Care act, just in the following ten years, from 2016 to 2026, they are forecasting 2. 4 9 trillion in federal healthcare savings that relate back to the Affordable Care act. This is where that came in. We throw this thing out at our peril if you care about saving medicare, the savings to which are a significant part of this 2 . 9 trillion. With nothing to re
Meeting will come to order. This senator whitehouse. Let me ask first to put into the record a letter from our governor in rhode island which said in rhode island, we have seen exchange premiums decrease in two of the last three years. This has saved consumers 220 million since 2012. The story on the Affordable Care act is a good one. I would like to put this graphic into the record. To explain it briefly, the cbo estimate of where our healthcare costs are going to go in 2010 and then at this time, 2016 after the aca was in place they took a look at the Actual Experience and did new projections Going Forward based on the Affordable Care act, just in the following ten years, from 2016 to 2026, they are forecasting 2. 4 9 trillion in federal healthcare savings that relate back to the Affordable Care act. This is where that came in. We throw this thing out at our peril if you care about saving medicare, the savings to which are a significant part of this 2 . 9 trillion. With nothing to re
If not in the immediate wake of the fed minutes coming out. The nasdaq and the dow all higher. The nasdaq is the winner of the day on Strong Technology numbers from Applied Materials and a general lift and technology. If you look at the week now for the s p 500, it is posting a gain of nearly half of 1 even though there was that rocking this in the wake of those fed minutes coming out. Week,still again for the snapping a threeweek losing streak for that index. In todays session, tech is the best performing sector here. Information technology up nearly 1. 5 . Financials also doing well as well as health care. Consumer staples not faring quite as well. , watchingage terms some of the best performance on the s p 500 today, i mentioned makerd materials, the of chipmaking equipment, with a forecast ahead of estimates as orders search. Endo Health Solutions apparently the federal trade commission is granting some kind of antitrust approval for an action, but its not clear exactly what its fo
Panicking panicking, the next time youre thinking about selling into the crowd, think about what happened this week and remember that panic is never a strategy, given that we all ended the week in a positive note. Nasdaq climbing 4. 41 . And amazingly, the best week of the year. Still, people certainly panicked on monday, that was the second big down day after brexit. Upon was the seventh biggest day of redemption on the stock market in the last ten years, seventh. 9. 5 billion pulled out of the Global Equity funds. No matter how hard that i preached that nobody ever made a dime from panicking, and selling on monday was pure panic. People cant take it. They dont fknow what they own. It was right to minimize its impact on u. S. Stocks. The companies away from the banks, Interest Rates did get hurt. Sum total of little significance. However, we caught a classic, emotion out rout. You had to buy, not sell. Or at least you had to stay put. All right, what were the news cues that the market
In the equity markets on this side of the ocean, you can see the european markets as well have steadied to say the least but thats about it. After again a nice twoday rally there, although that ftse, a lot of people saying thats not the one to look at. Yeah, its back to where it was before brexit but thats because most of it is international exposure, not necessarily exposure to domestic uk. Lets get to our road map this morning. It does start with a big day on wall street. Its the end of the first half of the year. Weve got a look at the winners and losers and whos poised for perhaps a pop in the second half of the year. Lions gate buys starz, 4. 4 billion in cash and stock. I will give you the detailtss on how the deal came down and what it means for the companies and industry overall. The results are in, we will have a look at the Bank Stress Tests and what it tells us about the strength of the sector. We are heading into the final trading day of the Second Quarter and the first hal