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,
Start to gain a bit of momentum once again, going into earnings season. There is some them is an serenely some optimism seemingly surrounding earnings for the major averages, so that is something to note. The nasdaq is on a six and winning streak, but it is the odd man out here in retaining the record. It has not gotten to that level. And there is an interesting note out from bank of America Merrill lynch, who is not very optimistic on the s p this year, talking about income inequality, pointing out more hours are needed now to buy one unit of the s p 500, 110 hours, in fact. So that is at a record high here. That is less attainable for particularly low income workers to get to that kind of lone where they can invest in the stock market. Interesting observation here. That is also one reason why we need to clamp down on that level of inequality and might be more aggressive next year. At thealso looking nasdaq, which is lagging the other industries. It is down, not by much, but a few ten
Start to gain a bit of momentum once again, going into earnings season. There is some them is an serenely some optimism seemingly surrounding earnings for the major averages, so that is something to note. The nasdaq is on a six and winning streak, but it is the odd man out here in retaining the record. It has not gotten to that level. And there is an interesting note out from bank of America Merrill lynch, who is not very optimistic on the s p this year, talking about income inequality, pointing out more hours are needed now to buy one unit of the s p 500, 110 hours, in fact. So that is at a record high here. That is less attainable for particularly low income workers to get to that kind of lone where they can invest in the stock market. Interesting observation here. That is also one reason why we need to clamp down on that level of inequality and might be more aggressive next year. At thealso looking nasdaq, which is lagging the other industries. It is down, not by much, but a few ten
Start to gain a bit of momentum once again, going into earnings season. There is some them is an serenely some optimism seemingly surrounding earnings for the major averages, so that is something to note. The nasdaq is on a six and winning streak, but it is the odd man out here in retaining the record. It has not gotten to that level. And there is an interesting note out from bank of America Merrill lynch, who is not very optimistic on the s p this year, talking about income inequality, pointing out more hours are needed now to buy one unit of the s p 500, 110 hours, in fact. So that is at a record high here. That is less attainable for particularly low income workers to get to that kind of lone where they can invest in the stock market. Interesting observation here. That is also one reason why we need to clamp down on that level of inequality and might be more aggressive next year. At thealso looking nasdaq, which is lagging the other industries. It is down, not by much, but a few ten
Im dan ashley. It all comes after the very public and vulgar remarks for umthe president s new Communications Director, anthony scaramucci. Abc News Reporter. Reporter two out in just seven days. First White House Press Secretary Sean Spicer and chief of staff, Reince Priebus is out and john kelly is in. Reince is a good man. John kelly will do a fantastic job. Reporter President Trump tweeting i am pleased to inform you i have just named john kelly as chief of staff. Hes has been a true star of my administration. General kelly has been a star. Done an incredible job thus far, respected by everybody. Reporter tension between priebus and new Communications Director scaramucci hit a boiling point in a shaulking, profanity raced tirade. He called him a bleeping paranoid schizophrenic. But despite that, priebus tells wolf blitzer there are no hard feelings. This is not like a situation where theres a bunch of ill will feelings. This is good for the president. Reporter sources tell abc news