investors pull back? a little money coming off the table given we have seen a pretty hefty rally since trump got elected back in november. in fact, the s&p 500 is up 11% since then. a little bit of a pull-back. the revised travel ban is causing more people to question what more we could hear from the administration, dismantling the affordable care act, and the lack of detail on the economic prospects that could be laid out. we saw protectionism and isolationism stances filtering in, and that is causing people to get worried from the business angle. i want to talk about a huge move we saw in trade yesterday. remember on thursday we saw the listing of snap. and it flew on the open. yesterday not so. finishing more than 12% lower for the third trading session. it s third trading session, given that it just listed, but keeping in mind it sold at $17 per share during the ipo. the opening price was $24 and is still 44% higher than where we
john kelly and jeff sessions, they didn t take reporter questions afterwards. so they were trying to basically have a very low-key rollout because they knew that would be better for them pr-wise. very, very controlled. daniel lippman, thank you for getting up early with us. thank you. the house republicans unveil a plan to repeal and replace obamacare, a plan they have been looking forward to for years. here s hallie jackson with more. reporter: back at 30 rock today, a very busy day in washington, as you might imagine, really headlined by the new bill from house republicans to repeal and replace the affordable care act. this is something a lot of folks in d.c. had been waiting to see. they wanted to know, what was going to be in this, after the president last night, by the way, sat down with budget director mick mulvaney and tom price, two of the men who are the architects, if you will,
looks like obamacare light. and a little later a white house staffer tweeted the bill being delivered to his office. while also published an op-ed with congressman mark meadows calling for a full repeal before taking a debate on what should be replaced. and over and over again, the senator tarred that plan as obamacare light. we should repeal obamacare, but we shouldn t replace it with obamacare light. there are a lot of provisions that i think are still going to be in this version that are obamacare lite. they continue to be subsidies. they call them refundable tax credits, but it s giving you somebody else s money to buy health care. we don t really get rid of the cadillac tax altogether. it s still in there, it just comes back in in eight years. so we really need to look at some amendments to get rid of the taxes. we put something on president obama s desk just a few months ago, and to suggest that what we
with the white house s relationship with congress on this bill. let s get to the nitty-gritty. what is in it, and what is not? what is in it, coverage for people with pre-existing conditions, coverage for kids under the age of 26 so they can stay on tir parents health care. what is not in it? well, that is where it gets really interesting. we know that the mandate for example is not in it to raise questions of how do republicans plan to pay for this? republicans right now are saying they will pay for it by repealing the current affordable care act. this is getting, as we said, a lot of reaction from around d.c., guys. back to you. thank you, haley, for that. plenty of reaction around d.c., no surprise democrats are tearing down the plan, but there s plenty within the republican ranks as well. congressman justin anash tweeted, obamacare 2.0. senator rand paul was vocal about his frustration on getting a look at the bill yesterday tweeting, still have not seen the official version of
and if things happen to those thousands of people whose millions get obamacare, that would jeopardize their political futures. and so they are going to be fighting tooth and nail to make sure to make this a more moderate repeal and replace. really quickly, does this bill stand a chance of moving forward, you think? i think it will have significant hurdles in the senate. so we may see it end up into a month-long process to try to hash it out to get a victory for president trump. daniel, good to have you with us this morning. thank you for joining us. after weeks of awaiting its arrival, president trump rolled out the revamped executive order. on the new guideline, citizens from iran, somalia, sudan, iran, syria and yemen are subjected to a 90-day travel ban to the united states. iraq that was on the original list has been removed and apparently that was requested from jim mattis to make that happen. the new order does not apply to