Committee will come to order. Without objection the chair is authorized to declare recess of the committee at any time. This full Committee Hearing will convene regarding the administrations attack on the aca and i now recognize myself for 5 minutes to give an opening statement. We are here today because on march 25, 2019 the Trump Administration filed a two sentence letter with the United States court of appeals of the fifth circuit reversing its own previous position in the case of texas versus United States and asserting for the first time that it would not defend any portion of the Affordable Care act. If the Trump Administration position prevails and the entire aca is struck down there will be catastrophic implications for millions of americans and the entire United States Healthcare System. I have often said that voting for the Affordable Care act was the most important vote of my career. Let me tell you why. When Congress Passed the aca in 2010 we enshrined into law the promise
Committee will come to order. Without objection the chair is authorized to declare recess of the committee at any time. This full Committee Hearing will convene regarding the administrations attack on the aca and i now recognize myself for 5 minutes to give an opening statement. We are here today because on march 25, 2019 the Trump Administration filed a two sentence letter with the United States court of appeals of the fifth circuit reversing its own previous position in the case of texas versus United States and asserting for the first time that it would not defend any portion of the Affordable Care act. If the Trump Administration position prevails and the entire aca is struck down there will be catastrophic implications for millions of americans and the entire United States Healthcare System. I have often said that voting for the Affordable Care act was the most important vote of my career. Let me tell you why. When Congress Passed the aca in 2010 we enshrined into law the promise
Advocates on opposing sides of the healthcare law also testified patients who benefited from the law speaking on the potential impact of repeal. This hearing is three hours and 50 minutes. Committee will come to order. Without objection the chair is authorized to declare recess of the committee at any time. This full Committee Hearing will convene regarding the administrations attack on the aca and i now recognize myself for 5 minutes to give an opening statement. We are here today because on march 25, 2019 the Trump Administration filed a two sentence letter with the United States court of appeals of the fifth circuit reversing its own previous position in the case of texas versus United States and asserting for the first time that it would not defend any portion of the Affordable Care act. If the Trump Administration position prevails and the entire aca is struck down there will be catastrophic implications for millions of americans and the entire United States Healthcare System. I h
Nemonth. That seems to be how the market interpreted the central nks pledge to sustain the expansion we told you about yesterday. Oil prices are up more than 5 on geopolitical concerns and oil stocks followed suit. Finally, Interest Rates continued lower with the yield on the tenyear treasury dipping below 2 for a time today to a threear low. He close, the dow rose 24points for a 26,753. The nasdaq added 64, and the s p 500 was up 27 at that record. Bobasez sawny following the action from the new york stock exchange. Whats behind the rally . Theresot of yu foreuphoria about u. S. china trade talks. Energy led the gains, crude oil spiked almost 6 after iran struck a down u. S. Drone in what was called an unprovoked attack. It is amid recent attacks on oil tankers in the persian golfers. The market took aip briefly midday on President Trump saying iran made a big mistake, quot unquote, and hinting that the u. S. Could consider a strike against iran, but it bounced back soon after when th
Plus, march madness officially kicking off this week and the games have changed dramatically. Now players are allowed to make money which cleared the way for ea sports to bring back an old favorite and play pay players for their names and likenesses. We will get that back to back. Two straight losing week spirit had not happened since october. You can see the nasdaq is leading the way higher by about 1 . The s p 500 not too far behind and the Dow Jones National average of 3 10 of a percent. Ai optimism boosting tech stocks and not just in video which we have already seen. Google and apple may be working together. Those reports both helping those two stocks as well. Now to the two big events that markets will watch this week. First up jensen wong, nvidia ceo delivering the keynote. That is today at 4 00 p. M. Eastern. Everyone wants to know what he will say about demand for aig chips and what they have in the pipeline. Coming up n wednesday, jay powell, we will hear from them to 00 at 3