Gerri welcome to the willis report. Your show, your money, your voice. Tonight another delay in obamacare. This one is intentional. This time open enrollment deadline is being extended by a month so that it can get past the election. People cant cancel the election time. With us now, steve more from the law street Journal Editorial Board and dr. Scott gottliebs, former policy for centers for medicare and medicaid services. Welcome to you both. I will start with you. Let me read you what the Obamacare Administration is saying about what is essentially a 30 day delay. They say it is to give insurers the benefit of more time to evaluate there experiences during the 2014 plan year and allow them to take into account those who may enroll late including young adults before setting 2015 rates. That is probably right because the insurers are going to have a hard time submitting bids. There were not going to have a lot to go on. The administration is worried. This hurts consumers. There will ha
Friday, november 22nd, 2013. Announcer from nbc news, this is today with matt lauer and Savannah Guthrie live from studio 1a in rockefeller plaza. Good morning. Welcome to today on a friday morning. Im matt lauer. Good morning. Im Savannah Guthrie along with al roker and Natalie Morales. This is a solemn day in our national history. 50 years ago today, president john f. Kennedy was gunned down in dallas. The eternal flame still burns at Arlington National cemetery this morning. Over at the white house the flag will be lowered and has been lowered and at other sites around the country. This is a day that people say an age of innocence ended. It was the end of a period known as camelot in this country. We can all think of where we were. At least those of us that were alive at that time. Yeah, i remember 3rd grade. They brought us into the auditorium. First time you saw strangers crying on the street. Of course, our top story today. Nbcs lester holt is in dallas this morning. Lester, good
Well ask john calamos. He has an interesting take on stocks you definitely want to stay tuned for. Holidays are a huge time of year for our consumerbased economy. President of American Express ed gilligan will join us. Is he worried about the timing of that terrible storm making its way across the nation . Well ask him that and plenty more. A lot of people are worried about that. How about walmart trading higher today, even though some are worried about the timing of the announcement of a new ceo. Much faster than many people had expected. If thats a sign of trouble ahead for the giant retailer and what do we make of doug mcmillans age . Hes only 47. Youngest walmart ceo since founder sam walton. Stay with us for that story as well. Lets take a check of markets. Dow is up about 30 point, not a huge move. As we continue to find new levels, new record perhaps. The nasdaq, look at that. Back and forth across the line, psychological important if nothing else. The s p, caterpillar adding to
1 00 p. M. , the bond market i believe at 2 00 p. M. We are poised at what would seem a higher open. Were not going to get a lot of hours of trading in. As in for the 10year note yield, lets take a look and see where we are. There it is. 27. 66. And well go to the map in europe where i can never figure out the geography. You know the boot is italy. I know the boot is italy and i can pick up russia. Our road map here back in the United States starts with what else, retail. Millions of shoppers, yes, millions hitting the stores for black friday. Well go live to say how sales are going. Brian . The markets are open today for an abbreviated trading session and we are poised to open at record highs again, which will be about the 40th time this year. I guess you guys could say that here on squawk on the street. The nasdaq finishing wednesdays session at a 13year high, kayla. And thin trading today on a shortened trading day. And also bitcoin keeps on surging, topping 1,200 earlier today, doe
4,000 level. Not far from the ridiculous heights of 2000. Its simple. On the endless record setting days like today, the smart money is angry. Yes. The smart money is furious. Oh, they are mean, mad, angry. [ booing ] why . They are jealous of the dumb money thats buying stocks and the stocks are going higher. All sorts of stocks. Its infuriating to people who do it for a living, the pros. They hate whats happening now in this market. Its not supposed to happen. Let me give you five reallife examples of things that shouldnt be happening according to the socalled smart money. Starting with amazon. It hit an alltime high and nothing aggravates them more. Amazon is despised by brilliant people who know better. They know much better than bezos. They refuse to acknowledge the incredible run the i company isnt making money. We deal with merchants stuck if they embraced the business model. It excuses behavior. Amazon is threatening to do sameday food delivery forever but they havent. Maybe th