Losing its license to operation in london. Is it a red flag for the london economy . Were going to get into that coming up. But we begin with this breaking news in the last hour or so, Health Care Stocks rebounding as senator john mccain says he will not vote for the Graham CassidyHealth Care ProposalKayla Tausche is here to bring us to up speed kayla . Reporter that statement landed with a thud earl yer this afternoon, bill. Arizona senator john mccain becoming the second official no on the republicans final push to Reform Health care this year, with just republican votes creating a significant and perhaps insurmountable obstacle for this bills passage. Mccain says the bill of this impact should be done on a bipartisan basis, saying, i cannot in good conscience vote for the Graham Cassidy proposal. I believe we could do better working together, republicans and democrats. And have not yet really tried nor could i support it quhowith knowing how much it will cost, how it will affect insurance premiums and how many people will be helped or hurt by it. Those details also concerned two other moderate republicans senators Lisa Murkowski and Susan Collins whose votes still hang in the balance with collins saying earlier today shes, quote, leaning against mccains move may inspire more moderate republicans to defect the top senate democrat, chuck schumer, lauded what he called mccains courage in his decision saying hes, assured senator mccain that as soon as repeal is off the table, we democrats are intent on resuming the bipartisan process. It is worth noting, the white house is not particularly optimistic about a bipartisan effort because it involves reinforcing the existing obamacare market which so many republicans are against doing, but kelly, well see what next week brings. This situation can always change on a dime. Thats for sure and it just did. Kayla, stay with us. Does it derail washingtons hopes as we head into next week for a Republican Health bill joining us, spencer pearlman, director of Health Care Research at Vita Partners i mean, with e were watching ala today to see if Lisa Murkowski might possibly get onboard with this effort. It seemed like senator mccain was signaling this week he may support the plan, yet hi decision this afternoon. What do you make of it. Yeah, kelly, i was surprised to be honest with you. Senator mccain, obviously his best friend in the senate is Lindsey Graham whos one of the lead sponsors of the legislation. Senator mccain also had really tethered himself to the republican governor in arizona, it was one of the main reasons he voted against the Better Care Reconciliation Act in late july. Governor ducy came out enthusiastically in favor of legislation i believe earlier this week and Mccains Senate colleague, jeff flake, also came out in favor of this legislation. And he had also been a little bit dubious of earlier versions. So, to be perfectly honest with you, i kind of expected that senator mccain would likely support this pretty surprised that he has not. I think its pretty obvious that he recognizes he probably will not have to face voters again, and hes going with what he thinks is best for him and his constituents kayla, as you probably know, john kasich there in ohio came out with a statement a little while ago, expressing his pride in john mccains decision. He also said, lets get back to the bipartisan effort by Lamar Alexander an patty murray. Where does that stand right now . Reporter well, that was put on ice earlier this week when republicans effectively had been asking senator alexander to try to shore up some support for the republican effort before turning focus and resources to a bipartisan effort. It is worth noting, bill, that governor kasich was one of about a dozen governors who authored a letter against this. There were more than two dozen industry organizations that came out against this bill. And then earlier this week, there was a letter from all 50 states medicaid directors coming out against this bill so its not just that the opposition had been welling within the senate and on capitol hill, it was really within industries and at the state level that there was opposition to this, which is interesting because the whole ethos of this bill was to return power to the states and return flexibility to the states which then to have many states saying, we dont want that, or we dont think this is the right way to do it, that was pretty noticeable, and pretty meaningful, i believe as for this bipartisan effort, perhaps senators alexander and murray will try again. Its certainly something that democrats want it really depends on support within the Republican Party because as i mentioned earlier, so few republicans, especially in the house, want to be seen as propping up obamacare when they all ran on platforms yeah. Of dismantling obama care its really a tough pill for a lot of those lawmakers to swallow. I was going to ask you ask that that, spencer, what are the prospects of this Bipartisan Health reform to happen . I understand why senator mccain thinks its wise he said, look, the democrats rammed this through when they were in office and you saw the reaction to that landslide losses in the midterms the polarization that exists today. Is it a viable bipartisan solution really an option here at this point, im pretty dubious. You know, i think theres just so much bad blood. This is an issue that has really just divided the parties for so long republicans, their entire brand, is predicated at this point on the slogan of repeal and replace. And as kayla said, i mean, for a lot of these guys in the house to go ahead and vote for something that would appropriate funding for the costsharing subsidies, from their perspective its propping up something they have said is the end of western civilization as we snow know it. Im not sure were at the point where theres going to be bipartisan agreement senator alexander should be lauded as should senator murray. Theyll keep at it to be honest, one of the reasons they were trying to move forward as quickly as they were on the bipartisan stabilization effort, this is the week when plans have to decide whether or not theyre going to enter the market. Theyd be too late to effect what happens for 2018 rates at this point, anyway before we go, spencer, wie were watching earlier today, many Health Care Stocks had been down sharply apparently in an titicipation o passage of aca it looked more likely. After senator mccains statement, they all started rising my question is, what do you think benefits most if there is no major repeal of obamacare at this point h. I think that, you know, managed care plans that have a presence in medicaid probably benefit the most i know that probably the hospital stocks are probably moving the most. Although quite frankly, i think theres a lot of structural headwinds that impact the hospitals just outside the political dynamic. You know, a lot of the Medicaid Expansion population was put into managed care, theyre relatively healthier and wealthier than medicaid populations and actually make a Good Business model from a managed medicaid perspective with Graham Cassidy at least looking like its likely off the table, think some of the managed medicaid names, United Health, aetna, others would benefit the most from this going away. Well, thats how the market seems to be reading it, too. Spencer, kayla, thank you both. Thank you. To the markets we go this friday another down day for the dow what happened . Two in a row first time in a month, i think, that that has happened i was reading the dow down 22 point now. The s p and nasdaq lower the russell hanging in with a fractional gain. Our closing bell exchange, Chris Johnson from Johnson Research group steve grasso with us at post 9 Rick Santelli checks in from the cme in chicago as well its a mixed day, steve, weve had gains for the week for the most part for a lot of these sectors. Financials have done well. But apple has been a big laggard this week. What do you make in the aggregate, whats going on i would say the aggregate were still at 2,500 in the s p, huge battleground for stocks. Right. In my opinion, its good breakout or breakdown is good for probably a 2 move weve kept a lot of people on the sidelines. When you have markets that arent moving as volatile as they would like them to move, you sit on your hands. You dont do anything. But when you look at apple, remember that the facial recognition glitch that they had during their presentation, i truly believe that that really opened up the sellers. Everyone said, you know what, lets start ripping through it here, no reason to upgrade, lets start looking at numbers if they didnt have that glitch, this stock is at 160 range and thats my personal opinion, to way to prove it, you know, it is what it is the price is truth but another thing thats moved the markets today is the Health Care Bill. Hasnt moved the markets because here we are at 2,500 but its moved sentiment about the movement. No, we moved chris, ill throw this over to you if you looked at the dow before this anonouncement from senator mccain came out at 1 56 p. M. Eastern today, United Health was down more than 3 . There was this notion building up in the markets if you read it this way that this Graham Cassidy was potentially going to pass. Now United Health is only down 1 the Health Care Sector broadly turned positive. I dont know, to steves point, that feels like an overriding force. Today we could go green for the dow and s p here as we head into the close. I think we could. One thing you have to remember here is the trend is our friend. Ill point out kind of what steve was going on, apple, im not too surprised because it usually pulls back 4 to 6 after they have product announcements. It is a huge company in terms of sell the news type of movements. When you look at the market overall, though, the fact that the russell is up today, i think is awesome, because were starting to move to new highs on the russell. That tells us that speculation is alive in this market. Markets are driven higher by speculation, not necessarily fundamentals people have to want to buy stocks when you look at the Health Care Sector, though, i think kelly, right now, its going to turn into what we called the quote unquote, trump rally, which was really a certainty rally. Investors are starting to get an idea, finally, of what is going to happen over the next 3 to 6 to 12 months in the Health Care Sector youre going to see providers not only benefit but i think also when you look at the equipment providers there the Health Care Sector, theyre going to benefit as well its not because its getting rejected, its because were finally getting some certainty around the situation here. Same things going to happen with the tax cuts. And rick, of course, the moment the week for you, the markets you follow, credit, currency, the fed meeting and the pivot, as they get ready to start to unwind their Balance Sheet next month what do you see going into next week in your area . Reporter you know, as i look at the Interest Rateities are uk most maturities are down a bit on the day i think you hit a highyield trade around 227, 228, it wasnt that long ago we were at 202 intraday and had a bunch of bad auctions the week before this. We have auctions again coming up i really do think with the north korea issues, not having huge effect in treasuries it looked like it was going to grow early and really faded back a bit. I think thats a sign were going do come in next week and see a very firm, if not higher, Interest Rate market its the dollar index that just doesnt seem to catch fire and stay ablaze very long. Its up on the week, not very much whereas you look at ten year note yields, close to the highest yield close since the end of july. Were tipping the scales there yesterdays close and almost took it out. I think you want to monitor supply next week tuesday, wednesday, thursday, 2s, 5s and 7s. Well watch that. The two year note auction ought to be very interesting thank you, guys. Appreciate your thoughts on todays market action. Now on a day where weve had lots of breaking news, apparently theres more out of washington eamon javers, what now reporter yeah, thats right, bill, white house officials now saying the acting secretary of Homeland Security, elaine duke, made final recommendations to President Trump on travel restrictions to certain countries. Now, remember, the travel ban imposed by the Trump Administration expires, expected to expire on sunday. That gives them just a few days now to come up a permanent replacement for that and what officials at the department of Homeland Security and the white house just briefed reporters on a few moments ago is they have come up with a new set of recommendations for the president. The president will ultimately make a final decision, not clear when hes going to make that decision, and its not clear which countries will be impacted by these new restrictions. Its not at all clear whether there will be full travel bans or something less than that. Theyre calling them tailored and tough restrictions and they say it all depended on the cooperation that they got from each individual country around the world in terms of identification, passport security, antiterrorism efforts and the like the countries that met the United States baseline, they say, are going to be able to have full travel back and forth. The countries that did not will be on this restricted list each country will be subjected to its own set of criteria of how to get off that restricted list ultimately say this is not going to be a timebased procedure, its going to be a conditionsbased procedure for countries to get off whatever list they put out. That will be wherever those countries come into compliance with u. S. Standards, theyll be removed from that list and could be an ongoing process. As of now, were expecting now a president ial decision on what to do in terms of the travel ban. That could come before sunday. Officials were careful to caution that it also might not theyve got some contingency plans in case the president doesnt make up his mind by sunday, guys back over to you. All right, eamon, thank you keep us posted eamon javers in washington. Now, as apples stock is heading for its worst week in more than a year, the iphone 8 hit stores today wheres the buzz well go live to one of apples Flagship Stores coming up. And as we mentioned, london looking to hit the brakes on uber claiming the ridehailing app company is not fit and proper for the citys roads. We have that story coming up next. And of course, we always love hearing from you. Reach out to the show on twitter, on facebook, or by sending us an email youre watching cnbc, first in business worldwide see a breakdown of costs. What . Its just. We were going to ask about it but we werent sure when. So thanks. Being upfront is how edward jones makes sense of investing. We get a gift for mom and dad. , and every year, we split it equally. Except for one of us. I write them a poem instead and one for each of you too that ones actually yours. That one. Regardless, were stuck with the bill. To many, words are the most valuable currency. Last i checked, stores dont take words. Some do. Not everyone can be the poetic voice of a generation. I know, right . Such a burden. The bank of america mobile banking app. The fast, secure and simple way to send money. It can detect a threat using ai, and respond 60 times faster. It lets you know where your data lives, down to the very server. It keeps your insights from prying eyes, so theyre used by no one else but you. It is. 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Saying that the company demonstrated what they called a lack of Corporate Responsibility in relation to a number of issues joining us with more is cnbcs own villa marks based out of london, deirdre bosa at uber headquarters right now i mean, this is so fascinate look, i was just there i think back in january. The london cabbies are still incredibly more expensive than uber there is so much resentment back and forth. But this would really hurt, what do they say, they have 3. 5 million users of uber . Yeah, 3. 5 million users, 40,000 drivers. I mean, how do you think that people in london who have to pay to get around every day are going to react to this well, kelly, you know, when uber came in here a few years ago it was seen as a lifeline for a lot of commuters, people going out in the evening