Welcome to power lunch. Im michelle carusocabrera. Take a look at Community Health. 8 moves about 40 of the health care moves are within 1 of at least a 52week high its the ipo of the day. Shares of altice is up on the first day of trading more on that brian . Health care stocks are moving on the senate bill news. You have glaxosmithkline and tenet health care, a hospital operator, up more than 8 . Ka Kayla Tausche has the latest kayla . Reporter the senate bill is a modification of the house bill passed two months ago but has a new name its called the Better Care Reconciliation Act but like the house bill, it moves to repeal all of the Affordable Care act taxes and mandates there instead replacing them with tax credits. The senates bill basing those on income instead of based on age. States can waive coverage of essential Health Benefits but not of preexisting conditions planned parenthood would be defunded under the senate bill medicaid growth is expected to slow in 2021 and by 2024,
Question. Not everyone believed it could actually happen, but a slow and steady move higher by the stock market has us still near record highs. A lot of figures think the president obaositive moan histo first half of the year is is as good as it is, the of the time,d half of the year continues higher. Recent history seems to validate that story line. According to market data and Research Firm kensho, since 1980, during the first year of a president ial term, the s p 500 is generally positive during the third quarter. And it is actually not had a losing Fourth Quarter during those time frames either. There is one sector in particular that many traders are keeping a very close eye on to set the tone for the rest of the year. The most important sector and it was las a wel is the financials. Financials will be the sector to watch. If you can get them working, particularly if theres a hint of deregulation, i think then the whole market will pull together and we can see new highs. And theres
Levels. Home prices are at a new peak and consumers are feeling good. How do we avoid getting swept up in all the euphoria . Found money, why the government may have a rich surprise waiting just for you. All that and more for wednesday december 28th. Good evening, everybody. President elect trump is meeting with several more ceos, today, included the head of sprint. Just a few minutes ago, the president elect said sprint is moving jobs back to the United States. John harwood joins us from washington. Good to see you. What do we know about the ceos that trump met with, and what it could mean for the future for jobs in america. What we know was that donald trump came out of maralago and announced that sprint would be bringing 5,000 jobs to the United States, and one web which is a firm that has taken investment from the Japanese Soft Bank is going to add 3,000 jobs. What we dont know is whether these are different jobs than the ones that were announced by the president elect and the chie
Levels. Home prices are at a new peak and consumers are feeling good. How do we avoid getting swept up in all the euphoria . Found money, why the government may have a rich surprise waiting just for you. All that and more for wednesday december 28th. Good evening, everybody. President elect trump is meeting with several more ceos, today, included the head of sprint. Just a few minutes ago, the president elect said sprint is moving jobs back to the United States. John harwood joins us from washington. Good to see you. What do we know about the ceos that trump met with, and what it could mean for the future for jobs in america. What we know was that donald trump came out of maralago and announced that sprint would be bringing 5,000 jobs to the United States, and one web which is a firm that has taken investment from the Japanese Soft Bank is going to add 3,000 jobs. What we dont know is whether these are different jobs than the ones that were announced by the president elect and the chie
There may be one more day left in the month but as far as wall street is concerned the books are closed on a sluggish month of april. The dow did manage to squeeze out its Third Straight month of gains, but the nasdaq was the big drag having its worst month since january, and we all remember how bad that one was. As for today, the stocks fell early and often after some weak Economic Data helped set the tone. But late in the day the market staged a bit of a comeback and ended well off the lows. The dow fell 57 points to 17,773. The nasdaq dropped just about 30. And the s p 500 was off 10. The dow and s p were off more than 1 , but the nasdaq fell more than 2. 5 . And for the month only the nasdaq was lower, down about 2 . Yesterday billionaire investor carl icahn has said he has gotten out of his stake in apple and that sent stocks lower. He also warned of a day of reckoning for the markets. Today Warren Buffett weighed in and said, thats just icahns opinion. There were probably just pr