Hits already fired a warning shot. They are calling the senate plan even meaner. In the in wheelchairs take to the halls. Mcconnell is now not so secret plan could already be on life support. As of right now it leads the gop shy of the 50 votes. Will it force bipartisanship on the hill. They disapprove of the house plan. We to congressmans from both sides of the aisle. About the true healthcare need. Trump is talking telecom tech. Asking the top ceos for advice. Imagine this. It can promote emerging technologies. One of those ceos was inside the room. Getting in front of the cameras right now. The drone giants. He is here on the foxbusiness occlusive. Lets the countdown. They are calling a code green. They are getting a shot in the arm to the major market averages. They would be calling a code red right now if it werent for ensuring united healthcare. You can see them all here. Up about 1 or one plus right now. Checking how the drugmakers have actually done since the election. You can see that they have done quite well up 16 . Since the day after the election. With the gains healthcare games healthcare has become the best performing sector since present trumpet took office. I think with all of the excitement over every health healthrelated stock did you know that the years second biggest ipo launched this morning. The final hour it is up seven full percentage points. Shares began trading. Right after the open. They jump 7 . Now they are backup more than 4 . They price it at about 1. 9 billion. Two capitol hill or we are now getting reports that some lawmakers are so eager to read that just released senate gop built that they are delving into it. They want to see whats in it. Senators in the media got their hands on the 10084 page. Here are some of the key bullet points that you need to know. The senate bill eliminates all requirements for both individuals and employers to Purchase Health insurance. It phases out obama care expansion over four years starting in 2020 and after december 31 of this year and also repeals of the 3. 8 net income tax retroactive to the start of 2017. But the senate plan a doesnt leave in place key components of obama care. They will be continued coverage into the bill allows children to stay on their Parents Health insurance through the age of 26. The protesters who earlier erupted in the hallways of capitol hill. They were upset with what they feel is a belt that leaves their coverage in the cold. We bring in congressman kilmer who is the cochair co chair. He is a republican and hes not he is not there yet. We are waiting on the congressman congressman you guys work together. Let me get to you. Give us a first your thoughts on the senate bill. I am really concerned about it. Mostly for the people that i represent. Ive i met with a lot of people who are dealing with Real Health Problems in the concerned about this. I met with a person at the hilltop Committee Health center. I only have health care because healthcare because of the medicaid expansion. It ended by the senate bill. A lot of the concerns that weve heard are not fixed by this bill. I think we can do better. I know youre just getting out of a meeting. You and gop house members past your version of the bill. Do you see any stark differences in what you voted for in what the and what the senate revealed today. We had been fully employed so far today. I am told that it may link that now the medicaid stuff a little bit. I have not had a chance to go through that portion of it. Too early for me to answer that for you. Let me just eliminate that for you. It targets starting in 2020 the gradual reduction in the amount of federal money that was provided under obama care. It is pretty much done i believe it is a good bill but he prefers that that particular part of the train slows down. We will take a look at it. Will tell you that obviously that steepness is something that we paid particular attention to. Making sure that nobody was kicked off. Youve to look at the other issue there which is none of this happens in a vacuum. As a job market continues to improve which is my first responsibility and we know that half of the people in nevada at their Health Insurance through employer coverage the other thing i think is phenomenally underreported is that once you are on expansion it allows you to stay on until you are medicated until medicaid at 65. They had called it heartless and even meaner. I have to ask you in your opinion how is it totally heartless. And allowing kids to stay on their parents plans to age 26. I think you already heard there is continued concerns about the Health Benefits. Not just preexisting conditions. Its why he have seen some of the medical groups raise concerns about this bill. It will have impact on sick people. I think there are changes that ought to be made. There is a different between change and progress. In defense of my colleagues part of the reason there is a lot of questions about the bell is when it is written behind closed doors the voices of my constituents had not been there is a new wall street journal poll. Overwhelmingly it appears that one in three americans disapprove of the house healthcare bill that you guys voted on. What you say about that. I would like to see in the headtohead with the status quo. They have lost income of all people. There is no political sweet spot. I would rather be criticized for trying to do something than nothing. Both of you. I think you see a fundamental difference between the two parties. Heres what i would say. If there is an attempt to solve the healthcare problem if its about getting the political problem. I think there are improvements that can be made. It will reduce prices. Thats not what is on the table in congress right now. He said he would absolutely work through the august recess to get this and tax reform done with both of you. It is good to see both standing together and working together. Great to have you. When they grapple over Health Care Reform a piece of technology that could have the potential to actually be in Healthcare Industry game changer. The white house says has a potential to revolutionize our economy. Our next guest was at the white house. Your company is one of the leaders. Tell us what happened. It was great to be invited here. A driver of american jobs and ultimately something that is going to give america an edge against other countries that are trying to push drone technology. 7million drones in the skies whether they are commercial or recreational by 2020. This is an exploding industry. And of course we would want the what the u. S. Have a leadership position. What it is that you guys do and how you believe the president s vision of this could help you grow. As one of the latest companies. We collect data on their behalf. We analyze and process that data and we provide Data Products back to them. With Companies Like this. The global Utility Company that if we go out and inspect their solar farms we will be able to identify a dead solar panels. It is a fascinating industry to be in. And ultimately Companies Like that this is fascinating. They no longer had to pay a pilot in a plane. Did you get any sense from the president that he would cut regulations that are pretty much brandnew. He have all of the top leaders from the administration there. The company that is really leading on the safety side to find the ability to fight when we need to for our customers. I think we will see rapid changes in regulations that will just make it even easier for us to deal with it. Great to have you. He was in that room. We should say that the fbn contributor who you see all the time on our show is chairman and founder of this company. Closing bell ringing and 46 minutes. They are turning up a notch. Walmart trained to become trying to become more and more like amazon the expert traders on whether this oil rumbled between the two biggest heavyweights. The floor show is next. The floor show is next. Amazon is not even coming up from air. We now are hearing that amazon will charge 2. 8 million for nfl ad packages. What they want to do is they are looking to charge advertisers that much money nearly 3 million for these packages that would include 32nd spots that would error air instream life to its prime customers during thursday night games. Very interesting right now. Amazon has been such a winner. Three dollars above the 1,000 per share mark. Right now it is up nearly flat i would say. Just about one tenth of a . In this era of the retail ice age. And now the battle is moving to the cloud. Walmart is telling some Tech Companies they cannot the floor show. The traders of the New York Stock Exchange we had been watching the Retail Sector all the past two or three years and seen it grow. Does it emulate other retailers or put us back into an even bigger ice age. It depends on which stock you been invested in. You had been in the ice age. If you saw the trend of online with amazon you saw the way they kept adjusting with was a shoulds or jesse to take over most of these traditional type of operations. You just talk to get about how they are doing things different by it in the nfl and buying ads overall tech has been really good. Amazon has been unbelievable. I think tech could get another boost. It is the alltime high the has been pretty much rejecting the price for the past week or so. Jcpenneys at 4 per share. His is an opportunity for investors who are watching right now or should they do stay away. I thought when amazon took over i think at this point you need to stay away from stocks like that and quite frankly stay with the big retailers. Walmart im not sure this is an entry point right here but just below here fantastic place to get in. As a company for the long run. It will sustain this little blow that it took from amazon cosco is another one. They have taken a big hit they have the infrastructure and the means of delivery they of the distribution channel. Some of these other retailers that you mentioned i would say way from them right now. Jeff, grossman any kind of gasoline fails tend to have that. Does it have any effect on the price of gasoline for the next couple months. It is a little bit supply and demand. We are not driving like we used to. We are not consuming gasoline. Thats whats really weighing on this market. We are very surprised about that. In fact since memorial day. It has been the disappointment and that is really what is driving this market. That is no question. It was a part. In the next couple of weeks. This market is under pressure. Speaking of a big breakout. Chase rather your 8yearold son just broke a 38yearold record. There he is in the right. We wanted to give props. For an 8yearold he was the fastest in the history of the melbourne president ial 5k run. Does that break any kind of records. Its so hard verify and what records are out there. He broke the record. We did a group of a lot of kids trading for that race. This way they could spend time with their family. All in all they worked hard. Good job. Youve a good dad also. Great to see all of you. Thank you so much. The closing bell ringing and 36 minutes. Right there in the bottom righthand corner. As down to dollars. The big banks stress test. Alive preview of what might be in those. Oracle taking flight. They sailed past the estimates. Jumping nearly 9 right now. They are getting a new record high after at least nine berms raised their price targets. Its now a 55 per share. But oracle, team usa. Threezero in the america cup race. The countdown to the closing bell is coming right back. Were on to you, diabetes. Times up, insufficient prenatal care. And administrative paperwork. Your days of drowning people are numbered. Same goes for you, budget overruns. And rising costs, wipe that smile off your face. Were coming for you, too. For those who wont rest until the world is healthier, neither will we. Optum. How well gets done. You realize the smartest investing idea, isnt just what you invest in, but who you invest with. We are one hour in one minute away from the report card that matters to the big banks. The first round of the stress test stress test results will be revealed. Unless your the two european banks. They failed because of poor Risk Management in financial planning. Adam shapiro joins us now to tell us what hes hearing. I am not going to get into any specifics. This is an about pass and fail its a bout a snapshot for investors to see. If they have the appropriate Tier One Capital in order to absorb losses when they face a financial catastrophe. 430 this afternoon we can talk about who did what and how they did. Thirtyfour institutions will take part in this. There is an assessing to absorb losses. We lived through this scenario. They do not had sufficient capital. No changes in recent levels. A lot of investors out there are wondering im going to make a decision about whether i want to keep investing or not. You get no guidance on any of this. We will get is part two of this that will give you more of a pass fail but again they dont use that language anymore americans and lotta people use the common sense pass fail. It is a snapshot they say to let you see whats going on inside the bank. And we will well in our viewers always do. Thank you so much. We are going to have complete coverage of the bank stress test. It will deliver the news 4 30 p. M. Eastern time. And then david asman will be here with reactions from one of the top analysts in the world on banks. The wall street journal. The closing belt is now almost 20 minutes away. President trump casting the Senate Majority leader mitch mcconnell. To come up with a kinder version. Have they done it. Emerson dash mike Thomas Jefferson university has been going through the details of this 142 page plan. He is standing by to give you his prognosis next. And for one major sector the news is not looking good. I use whats already inside me to reach my goals. So i liked when my doctor told me i may reach my blood sugar and a1c goals by activating whats within me with onceweekly trulicity. Trulicity is not insulin. It helps activate my body to do what its supposed to do release its own insulin. Trulicity responds when my blood sugar rises. I take it once a week, and it works 24 7. It comes in an easytouse pen and i may even lose a little weight. Trulicity is a onceweekly injectable prescription medicine to improve blood sugar in adults with type 2 diabetes when used with diet and exercise. Trulicity is not insulin. It should not be the first medicine to treat diabetes or for people with type 1 diabetes or diabetic ketoacidosis. Do not take trulicity if you or a Family Member has had medullary thyroid cancer, if youve had multiple endocrine neoplasia syndrome type 2, or if you are allergic to trulicity. Stop trulicity and call your doctor right away if you have symptoms such as itching, rash, or trouble breathing; a lump or swelling in your neck; or severe pain in your stomach area. Serious side effects may include pancreatitis, which can be fatal. Taking trulicity with a sulfonylurea or insulin increases your risk for low blood sugar. Common side effects include nausea, diarrhea, vomiting, decreased appetite and indigestion. Some side effects can lead to dehydration, which may make existing kidney problems worse. With trulicity, i click to activate whats within me. If you want help improving your a1c and blood sugar numbers with a noninsulin option, click to activate your within. Ask your doctor about onceweekly trulicity. With a noninsulin option, click to activate your within. Is not just something you can see or touch. Home. Is a feeling. Its the place where you feel safe to have those little moments that mean everything. At adt, we believe that feeling should always be there. Whether its at your house, or your business, we help keep you safe. So you can have those moments that make you feel at home. You are loved wherever you are. At crowne plaza we know Business Travel isnt just business. Theres this. a bit of this. Why not . Your hotel should make it easy to do all the things you do. Which is what we do. Crowne plaza. Were all business, mostly. It is a wolf in sheeps clothing. With his reaction to the Gop Health Care plan. Lets bring in a sharp pair of eyes. They had been looking at the senate plan all day long. It has been front and center in the fight over obama care. Have you read all 14245 pages. What you love and what you hate about the senate plan. What i love it does not had sharper teeth. It has a better wording on preexisting conditions. It has the tax credits that are more logical based on income and age. I think some of the kind of patients that they were pointing out. It is more generous that way. What i hate is still defining essential Health Benefits. It is an essential Health Benefit for a 26yearold. They can still get a skinny planet based on some states. And then as she gets pregnant she ends up in the emergency room. She will show up to my emergency room and literally its a hidden tax on our business because we are and had to take care of her. Hidden tax on our business because we are and had to take care of her. Let me jump in on this. Does increase premiums on older americans. That seems to be a pretty good question here. What a cost for insurance and tax credits. One of the problem since there is no regulation on what they charge in the tax credits are pretty will defined when you get to those lower income folks there will still be some and im quite sure they will grade that there will still be several million of folks that will not be able to afford insurance. If there is a question at all this thing fails. You now had four senators senator ted cruz of texas we also had rand paul of kentucky. They say they are out. They did not like this plan. And it becomes a real issue because they are really trying hard to do this reconciliation where they wont need votes from Senate Democrats and they need 50. Im not sure what compromises you can make. This is repeal, get rid of some democrat taxes. And unlimited federal funding. And then that they will be increased. As compromise such a bad thing. And honestly. If i was in the senate i would look at the 142 pages i read and probably had a few amendments that i would want to make. And go for it. Given where we are at today. I think you mentioned for folks that are looking at things and they dont want have their name attached to this bill. Does it add to the deficit. How do we pay for this. My guess is it wont. The big issue and i have talked to some of the folks involved that were drafting this. The federal government wants to get out limited funding of medicaid. Its like medicaid exit. Either way the federal government it is a is a little bit controversial. In the end to give your patients are you okay with this. If you like most of your patients would be covered and would get the quality care that they need. I think with some revisions it would make some sense if the tax credits were right and if they handled the essential Health Benefits issue. I would probably not vote for this bill as it is today. See mac it is good to have your perspective is there. The Health President and ceo. With some breaking news right now. The Law Enforcement officials are giving a live update at this hour on the tragic and horrible incident yesterday at flint, Michigan Bishop International incident. It is an act of terrorism. A 49yearold Tunisian National living in montreal amor ftouhi has been charged with stabbing the officer in the neck. He was able to fight off his attacker for a few minutes before other officers helped sidhu a suspect. Right now his condition is listed as stable and improving. Any news that is important right now. Closing bell 18 minutes. It just turned negative what happened. It was across the unchanged line. The great derek jeter faces a big decision. Should he swing solo or look for a new teammate. Its all coming up next on countdown. Theres nothing more important than your health. So if youre on medicare or will be soon, you may want more than parts a and b heres why. 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Remember, Medicare Supplement plans help cover some of what medicare doesnt pay. Youll be able to choose any doctor or hospital that accepts medicare patients. Whether youre on medicare now or turning 65 soon, its a good time to get your ducks in a row. Duck quack call to request your free decision guide now. Because the time to think about tomorrow is today. The former yankee allstar derek jeter was considered setting back up to the plate even though a lot of big time investors had dropped out. Now, we are getting word that someone else is warming up in the bullpen. Charlie, who. There is a lot of activity going on with the marlins. The one baseball franchise that is for sale. Heres what we know now. They held a meeting on this sale. If you are owner of the marlins none of the revealed one. None of them have enough money to have the price tag. What they have to do. That is what the major league baseballs. This is what came out of that meeting. There is a mystery. Is being described as a miami businessman. The mexican billionaire. A lot of billionaires live in south beach. They dont think they dont think you can write a check for that. It seems to be a much more of a real ballpark. They just cant even put people in the ballpark. From what i understand they dont want to blow the guy at. And we could find out who that person is within the next couple of days. Maybe it is that. He probably has 2 billion. To think before they wrap up here is that he could join it. It could join the mystery better. One other thing i wanted to report is anthony scare which he now has a job with the trumpet ministration. This is huge. He does block my producer on twitter. My producer is brian shorts. The emperor sorry zero. He blocked him. Its come to this. We now report who has been blocking us. I am jealous actually. It is now down four points. It is shaping points of the doubt. We have all of the stocks that we absolutely loved until they broke our hearts. But 2 billiondollar man helps with that. The countdown is coming right back. Liz Charter Communications may need al al alkaseltzr. Is tom rutledge looking to buy private chart are communication. To the stock exchange. Nicole, really . There are multiple sources on this one, liz, talking aboutpotential buy. Funny only this morning we tanked about the ipo altice. The story charter might buy cox. Meantime cox made it wellknown and saying very clear, consistent, were not for sale. That were aggressively investing in our network partnerships, investments of their own. Theyre not interested in a buyout, at least so theyre saying. Dont forget charter picked up time warner which is now spectrum. Now the chatter, maybe theyre interested in cox. Well have to keep an eye on this one. Liz coxs ceo has led the company very nicely. Has grown it. Well see if he is ready to talk turkey. Thanks, nicole. Our next guest says do not, do not fall in love with a stock because it will never love you back. George young, Portfolio Manager at vilary and company. Joining us now, what do you mean by that . You mean falling in love with the hot sexy names like tesla, amazon or fill in the bank with any name you want. People traditionally remember the big stocks, exxon, et cetera, if it is impregnable cant fall apart. Remember exxon valdes, that was some time ago. Liz yeah. Not like your grandmothers pearls. If she left you some pearls in her will that is sentiment tall value. But when it comes to a stock its a thing. You need to sell it, or consider selling it if it represents too much of your account. Too many overvalued stocks out there. Liz what if it is not in your nature train yourself to be disciplined . Train yourself. Liz Warren Buffett is always disciplined, he sells when he thinks everybody else is running in and buys when everybody else is fleeing . That is exactly right. The difficulty know when to sell. If it gets to represent too much your portfolio, 10, 15 that is too much. People may hide not want to pay taxes. Only pay taxes on certain percentage of what youre making. Gives you opportunity to put capital to work in Something Else. Always Something Else attractive. Liz you have two billion underasset management. We showed the process, explain the most important ones of buying a stock. We try to find things undervalued by our measurements. That means cheap pe ratios, low debt. Moat around their value or service. Liz are you Value Investor . One could say that. That is pretty much it. More importantly i think were bottom up investors that is the important thing to build a portfolio. Buy securities that will do well in any sort of environment. Who knows what will happen with interest rates. Who knows what will happen with the white house. Who knows what will happen with the price of oil. All that said you want things that grow over time. Liz you like western digital. Western digital to me is a very volatile stock is it not. I dont think so. Its a cheap stock right now. Think about what they do. Theyre in tune with data storage. Any way data needs to be stored, whether pictures on your phone or whatever is on your screen right now, Everybody Needs to story data. That will increase four times the next four years. Liz isnt that commoditized that industry a little bit . A little bit. Think of what theyre doing now. Theyre in a joint venture with toshiba. That is what is in play. What happens to toshibas part. They have to sell. Western digital in the drivers seat with purchase of sandisk. They can make the decision who the part in will be and how much money they make. Great company. Liz broad question on the market before we hear the bell ring. S p turning negative. The dow turning negative. Doesnt seem making a good go of it right now. What is the Market Sentiment going into the summer . Yesterday was first day of summer. Market sentiment is pretty good. You have low interest rates, you have low unemployment and you have got the consumer coming back strong. Look at United States economy versus the rest of the world relatively speaking. Liz george, thank you so much. [closing bell rings] s p down for Third Straight session if numbers hold. Looks like nasdaq will have a eke out a bit of a gain. Were looking for bank stress tests. David and melissa have them in the next hour. Melissa the dow losing steam heading into the close. In the red for the Third Straight day. S p lower as well. Nasdaq managing to hold on there and eke it out. Im melissa francis. David im david asman. This is after the bell. Thanks for joining us. We have a very busy hour for you. The next big step toward repealing and replacing obamacare. Senate republicans unveiling their plan today. Whats in. Whats out. Why four republican senators are nogoes as of now. Mine while House Minority leader nancy pelosi is under a lot of pressure right now
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