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Transcripts For KQED Nightly Business Report 20170927

Majority leader Mitch Mcconnell met with lawmakers today after senator collins late yesterday said that she could not support the Graham Cassidy bill. The decision not to take the measure to the floor this week was because the votes simply were not there. Now senator mcconnell says the Republican Party is moving on. Where we go from here is tax reform. Senator corker and senator toomey have reached an agreement on the parameters of the budget resolution. The Budget Committee will be marking up next week. And we plan to move forward on our next priority, which is reforming the american tax code in a significant way for the first time in 30 years. After that vote was scrapped, shares of the Health Insurance stocks rose. And hospital operators also gained on the day. Nikes shares were also on the move. The Worlds Largest sportswear brand reported a nearly 24 drop if quarterly profit after heavy discounting. But that was above forecasts. Revenue came in in line with estimates. Still, inves

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