Presented an alternative proposal for a Medicaid Expansion program. It would wind down Medicaid Expansion starting in the year 2020. The white house has assured edition officials it wont repeat allegations that British Intelligence was involved in spying on President Trump before the election. After a whiteed house spokesman cited a fox news commentators report that the british helped president obama spy on mr. Trump. A british spokesman called the report utterly ridiculous. Pushing into western muzzle today after the advance slowed because of bad weather and concerns about striking highly populated areas. Commissions are said to have intoved, forcing further the heart of iraqs secondlargest city. Returning tore now previously liberated areas. Global news 24 hours a day powered by more than 2600 journalists and analysts in over 120 countries. Im mark crumpton. This is bloomberg. Live from bloomberg World Headquarters in new york. Joe we are 30 minutes from the close of trading here in the u. S. ; scarlet tranquility across the markets. It doesnt mean uncertainty doesnt exist but we will look at other gains of anxiety. And fixing health care. I sat down with kathleen who worked to pass a model she shares her thoughts on the gop health will. The clouds are clearing. Oracle shares cleaning. It the ceo joins us in the next hour. What did you miss . President trump says he is behind the gop plan to repeal and replace the Affordable Care act despite the bill running into some resistance from conservatives. The president spoke this morning after meetings of the republican study committee. Trump all of these nose or potential knows are all yeses. Every Single Person sitting in this room is now a yes. I sat down with the former health and Human Services secretary who served under president obama. Inegan by asking if there is each are to the claim that the Affordable Care act will collapse under its own weight . I dont think thats inaccurate claim. Over 12 Million People signed up in the marketplace during the last open enrollment. In spite of all the uncertainties and the fact that the Trump Administration pulled all the advertising to tell people when open enrollment ended. It was still very solid. There are companies entering and leaving marketplaces and we need more competition in some of the states. All of the Health Economists agree that the 2017 rate increases were a onetime pricing adjustment based on three years now of a trend line. And most health consumers, all but 3 did not pay those premiums because their subsidies went up along with the premium. It is a solid market. I think the notion that if they just do nothing, it will fall apart. Harmwill do a great do of to people who rely on this health insurance. One argument that conservatives make is that Rural Communities are not well served by the Affordable Care act. Why did they end up with fewer choices . The choices in Rural America have been pretty slim for decades. I was governor in kansas and we always had trouble with the western part of the state, both attracting doctors and making sure hospitals state open and having insurers that really look after an older and sicker population. A lot of young people moved to the citys. Tend to be older and often less healthy. What this plan does is double down on that. It allows Insurance Companies to charge the older citizens five times as much as the younger ones. And the subsidies are cut back for every low income individual. Problemsave far more in Rural America getting health coverage. I think what is alarming about is that theyction say rates eventually will go down. They will skyrocket initially and then go down. The reason they go down is older people will be priced out of the marketplace. So you will have a Younger Group leaving Older Americans with virtually no choice. Should there be Different HealthInsurance Options . Get away from the onesizefitsall policy . Nownsurance companies right pick and choose what markets they want to serve. That is what you are seeing. Some survey full state. Some are in 10 or 11 or 12 states. Some only choose portions of the state. There are certainly more choices here in kansas and in the kansas city area. That is how this operates. Place, there is a mandate putting together a network of doctors. Pharmacies that offer those services. The rural parts of america have always had fewer choices. Scarlet has anyone any administration reached out to advice on how to guide through a bill and get it through congress . Has there been any outreach . I havent heard from anyone in the Trump Administration. Joe would you speak scarlet would you speak with them . I would be happy to speak with them. It is one of the most important issues that this administration and this congress will be addressing because it is life or death issues for 20 Million People. And i would be delighted to offer any health suggestions, advice. Is thatt of our world this bill as is goes through the congress and 14 Million People are projected to lose their coverage next year. And eventually 24 million americans, moms and dad, grandparents, sons and daughters , they will be out in the cold again. That is a terrible place for those individuals to be and for this country to be. We have the lowest uninsured rate we have ever had in this country. We have more people in the Health Market and more people being able to pay doctors bills. More people having Preventive Care and not waiting to go to the emergency room and something happens. I hate to see us take a big step back. That was Kathleen Sebelius who served under president obama. Joe the israeli Prime Minister exclusive four of interview with vonnie quinn. This is bloomberg. Vonnie quinn is standing by with an exclusive interview. You. E thank you had a long day yesterday with President Trump and it has been, what, 65 years of ireland visiting the white house . One of the more controversial ones. Headed to get along with President Trump . First of all, you do a wonderful job with news of substance. We had discussions with general john kelly and respective matters on immigration. Then we met with the president in the oval office with his team and various other meetings after that. The conversation was broad ranging. It was very engaging. And from my point of view, there was different progress in terms of having a clear understanding that led to america over all those years. Across 50 states. And also is a member of the European Union. The real potential in benefit you can have specifically,re the immigration band that was supposed to go into effect yesterday. Do. Gs that he wants to what did you say to him on those issues that you can bring home to ireland and tell people that did want you to come in the first place. Is fort of all, these people that want to come and work for a period. We want a decent allocation of those. We would like that revived. On immigration itself, we have 50,000 people in america that are undocumented. Surprised thate it was that low. Did you get the sense that you can get along . I did. This contribution that people make. They are living in limbo. Home. An go it is a very particular problem for open immigration. But our people that we know contribute greatly. They want done that taken off their shoulders. The 4000 plus medals of honor given to defense forces. Vonnie about u. S. Companies using materials in the u. S. And being protectionist. From edible competitors, won u. S. And one for britain. Irish firms are now sufficiently confident to expand the United States. They employ 100000 and can employ more. It has been very strong with all 600 American Companies in ireland. They are not going to move from ireland. Vonnie what makes you so sure . This president is putting pressure on companies to bring back jobs from mexico and undue factories built in other countries. What makes you sure those i have spoken to most of them and even since the new administration took office. Asy want to be recognize International Global players. They set roots in ireland for 40 or 50 years and developed a talent pool that is quite incredible. The european World Headquarters. They expanded in very recent past. What about new jobs this year . All i can say is that the agency that deals with inward investment. The pharmaceutical area, software, financial services, telecoms. Ireland is now gearing up as a very safe thing. It is all over the country. Vonnie lets move on to article 50. European officials ruling out the idea that any discussions can take place. It is 60 billion right now . That is a set of principles that havent even commenced yet. The bill is paid. It is to be set out and negotiating stance to be adopted. Vonnie that would delay things even further. Ask there are figures mentioned here there are different figures mentioned here. It would trigger at the end of march by running a letter to the president of the European Council. Vonnie but how do you know . Will they still be paid by the end of march . There are different assessments. There are 10,000 issues to be considered here. Aat britain wants is as close relationship to the European Union as is possible. We support that. Of all the countries to be affected by a hard brexit, they point out that ireland would be most adversely affected. The trading issues, the common travel area, and where we will stay. It has been affected to the tune of 1 billion. They have been really heard by the currency issues. It is in value terms so we do 100 trade missions to different areas around the world this year. Aboard the eurozone and the European Union with how we can increase it ourselves and trade missions. It is like the opening of the european market. They havejapan, certain elements vonnie you can negotiate trade deals without the backing of the European Union . It is not true to say, for instance, america vonnie but what do they end up in concretely . It would increase the value of the sales and the range of products we have on offer. Vonnie what do you tell President Trump and Vice President pence about a border adjusted tax . What would that do to ireland . The only border i mentioned was asked leaning to the president and Vice President that we are not returning to a hard border as we had in the past with customs controls. That the only internal border once britain has left a political agreement between the Irish Government and the British Government not to have a hard order. Vonnie and that is possible somehow . It is a political agreement. It would have to happen because they wont stand for anything else. Line, you left out a that you would be stepping down in a matter of days after 11 great years and 40 plus years in ireland. Having seen the wonderful renaissance of the irish economy. You took that line out or someone took that line out for you. How long will you be first party is to make sure theres an executive in place [indiscernible] the second is to put in place the platform for negotiations. We have the 60th anniversary of the foundation of the treaty in rome. I want those in place. Vonnie thats only two weeks. Prioritiese the beyond anything else in my immediate priorities. They need to get running for the voice of the north. The triggering of 50. That sounds to me like that is all possible by the end of this month. Are you saying you might be gone by the first of april . Are not saying that. Im just saying thats what my immediate priority is. Vonnie and when brexit is triggered in negotiations start, you will have done everything you laid out in october we have an agreement for three years. Andll deal with this matter thats what i intend to do. The negotiating stance. What is broken about europe . The builders, a lot of countries talking about exiting. Is there something broken about it . Of potential. Lot they are optimistic last week. 4. 5 million new jobs. Every single countrys economy is now growing. Answering in the netherlands yesterday. Like there is a renewed vigor about the European Council in making decisions that would benefit everybody. Trade agreement between the European Union and the United States. My view is focused. Vonnie you are leaving tonight. Tell us what your final thing is. We want to bring the freedom tower. This example in the resilience tonew york city, and also those in the nypd. And i just want to point to one of my colleagues in the oped today. How the irish are still doing the same types of jobs. They want to do it again in the future. And also if you want to get the opportunity, you would see what the irish can do for america. Scarlet thank you so much, vonnie quinn speaking with the irish Prime Minister. From new york, this is bloomberg. Scarlet we talk about u. S. Stocks hovering near record highs and a lot of complacency. But maybe not as much if you look at what to call ratio. It is for the s p 500 and it goes back to 2007. It is a simple moving average here. You have bearish options to bullish options. Peasant indicate more is him and it is in the lowest since 2013. If you break below this level, you go all the way back to 2009. Joe it fits all these charts like a broader look to try to find levels of anxiety in this market where people are looking at eskew, the vix, other measures. Volatility has been very low but everybody is trying to figure out where the anxiety lies. And he keeps going up and up. The market close is next. And speaking of hovering near record highs, take a look at the major indexes before the close. Losing one point, two points, maybe. For the rest of the week, it is higher. From new york, this is bloomberg. We are moments away from the closing bell. Whatd you miss . The dollar is closing towards its biggest weekly loss in more than a month. Im scarlet fu. Joe if you are tuning in life on twitter we want to welcome you to closing bell coverage. With ourwe begin market minutes. When you look at how the indexes have closed for the day, pretty much how home. S p 500 down. Little change. The nasdaq virtually unchanged at this point. I want to look at the sector groups to see how things fared. Bonds, thather in means a drop in yield. You are seeing the bond proxies, all doing well. Investment trusts gaining as well. Not so much by utilities and the telcos. Financials off by 1 . Day really was not all that exciting. You can see the big moves in financials again down 9 10 of 1 . Individual movers, keep your eye on amtrak. Adobe came out with an upbeat forecast gaining 4 . Tiffanys profit topped estimates. Lets take a look at the Government Bond market. The big story of the week, the rally in bonds. The drop in yields. We saw more of that, ending at 2. 50. Both of these 10 year yields were over 2. 6 earlier in the week. It came down a lot on that that decision. Lets look at a onemonth chart to give more perspective, sort of where we have been and how far we have come. We are over 2. 6. Earlier this month we were around 2. 3 . This is the debate. Everyone is up waiting for breakout of this 1. 2 range. That to nots shown necessarily be so simple. We are talking about significant levels as well. It is something bill gross has highlighted. Joe we were supposed to be off to the races but we have low buying. Scarlet he did say it would be a monthly average. That was something to keep in mind. In terms of currencies the u. S. Dollar had its worst week since july. 1. 3 for the past five days. University of Michigan Survey longterm Inflation Expectations declining to the lowest since 1980. Pound, the at the first weekly gain since february. Oving, gaining Market Expectations are now increased at some point as joe o slightly more hawkish expectations than the beginning of the week. Lets look at the zinc, oil and gold. Oil doing nothing but of course. The last couple of weeks it has been fairly week. Gold taking out. I want to look at a oneyear chart of crude to give us some perspective. We have been generally trending higher. You can see the dip, that 10 move we saw last week. The question is this part of a protracted selloff or is this in a general uptrend . Scarlet looks pretty range right now. Those are todays market minutes. Lets take a deep dive into the bloomberg. You can find our charts at the bottom of the screen. After brexit, investors are prepared for another disruptive election in europe. There was some panicked hedging. The white line, the first round of the president ial election versus the may contract. Take a look at the yellow box. The stock surged. The blue line overall is it is the bmp Political Risk index. You can see the yellow box shows how there was a build a Political Risk in february because marine le pens prospects for improving. It has come back down. It is proving to be fairly costly after the [inaudible] risk, butone said by it costs a lot of money. Scarlet bankers and