Crying chuck stay. About 600 highrise apartment buildings are estimated to have the same sort of installation used on the burned last that week. Global news, powered by more than 2700 journalists and and over 120 countries. And york. Live from new joe were 30 minutes from the u. S. Ng trading here in the julia u. S. Stocks holding in green. Joe question is whatd you miss . Republicannate leaders unveil their healthcare overhall. Saying they arent ready to vote for it. Review off the annual the bank will come out one hour. The results. At and qatar express interest of buying up to 10 American Airlines. As competition heat up. Joe lets look where the major averages stand. Abigail is standing by. And s p 500 are all trading higher. This after earlier this morning, flipflopping between small gain and losses. Being helped by healthcare. Healthcare s p 500 index up more than 1 on pace for fifthn record close. Lets look at the worst sector 500. For the s p the financial sector, really being dragged on by yield. Ten year yield down two bases points. Is we do have some of the banks trading lower ahead noting, wells fargo when the second release part, ubs qualitative and Morgan Stanley, that might be only bank to not pass. Time will tell. Turning to healthcare, digging in a little bit. Mcgorman told our team the reason were seeing huge rally for healthcare today, release of that Senate Healthcare bill, many investors watchers its you can likely to be passed any time soon. We have rally from everything hospitals to managed care pharma. Ch to far we hop into the bloomberg take a look at btv. Chart. The year to date we have the s p 500 in blue up about 9 on top in white, the 500 healthcare index up 17 . Sectorlipped by the tech and in yellow we have the Energy Sector down about 15 . That sectorows rotation everybody is talking about that energy money going into healthcare. Abigail. Ks whatd you miss . Back to top stories of day. Senate republicans unveiling their health bill. Far senator rand paul along with three other republican abi. Whatd you miss . Back senators including ted cruz of texas and senator mike lee of utah and senator ron johnson of opposing the bill. Pulling the passage of the legislation in jeopardy. Clearly the bill hit a nerve in washington. Lets get reactions from across the board. Is a disaster. Its dead. Totally dead. Were putting in a plan today negotiated. We agreed on the need to free america from obamacares men date and the policies contained discussions. Well repeal the individual pan date. Negotiated. We mandate. So americans are no longer forced buy insurance. Potentially voting on it in a week. No committee hearings. Amendments and committee. Say fore on the floor ten hours. On one of the most important bills were dealing with in decades. Shame on this body. Fact is, the process is not been a good process. This should go through committee. Im concerned it didnt move back in february. Foridnt have the votes that. I would certainly vote for repeal. Bill. Ing to support this trumpcare inflicts great suffering on veterans, on seniors and working family and rural communities. It is a job killer. In a tailspin. Is we made a promise. The senateppy that has done the work to put together a bill that keeps that promise. I never seen a more radical legislative process in my time in politics. Stopst important thing, we legacy. Republican they have finally released what they call a working draft. They worked so hard to hide. We love to have democratic support. They are obstructionist. They will never support. We wont get one. Get somethinglly done. It will be something with meaningful. Ry joe here with the latest is washingtonhief correspondent Kevin Cirilli on capitol hill. To start with you weve seen the conservative ted others come out against it. Is this like the same deal with house. In the the right wing complained they get placated and the moderates sort ofng and this is choreographed. Kind of. Over the senior the conservatives in the senate all against it as bill is written. Moderate, people like senator Lisa Murkowski and susan come lins. Collins. You take a look at really why this potentially has a political matter for people like senator jean heller. From nevada who is up for reelection in 2018 in a Democratic State of nevada. Pull up his statement. He said, at first glance, i have bills impact the onthe nevadans who depend medicaid. If its good for nevada, ill vote for it if its not. Come down to to the wire. Congressional Budget Office referee has yet to score it. This bill is facing intense from all sides of the republican spectrum. Joe shannon, from the white perspective, is the white house currently making any active efforts to sort of move along as kevin described. Sort of difficulties or is it for now, theyre just letting to see how it plays out in the senate . Open toare leaving this negotiation. They are not giving any sort of throwing the weight of the white house behind this bill. Out and said, its up for negotiation. Sarah Huckabee Sanders said something similar. Wouldnt say whether or not the president has any position on cuts to medicaid. The house, during the early stages, the white house is not sure and is not getting behind this bill and mode. Ng into salesman theyre still in this is opening phase. Thinkis something i dont congress is used to seeing from president. Se or julia he recognize it will be negotiation. Does it pass the mean test . I guess the question is, what about the cbos score . Well expect to get that next week. It. Will play into i seen some saying, they are pushing back, the phase out of medicaid is all in order to get from theshot headline cbo. Suggesting less people will be without insurance in the of the cbo said initially. What are you hearing. Youre right. This is all a numbers game for the cbo. Political referee in order to get all of this down. Like senator dean heller and Susan Collins they will be to theiro back constituents if the big title millionscbo is that will lose their healthcare insurance. More conservative members saying they have to appease the by repealing parts of obamacare. In terms of whether or not this agree with shannon, the white house is not driving the policy ship. Relying on congress to figure this out. The president has essentially of his policy to the leaders of congress. That of course is reignited and stoked flames of the traditional infighting that weve seen republican party. Not even a gigantic scoop from jacobs about the president not having tapes. Will be able to distract people policy debate. This was a consistent campaign theoric message for candidate donald trump to repeal obamacare. In 2018 this will dramatically line. The political battle Joe Barack Obama weighed in saying the senate bill unveiled today is not a healthcare bill. Ofs a massive transfer wealth from middle class and poor families to richest in america. Theres more than that. Against it. Julia thats the bottom line here. Get back to you, whats the probability there week . A vote next well, kevin will be better on that one. Hes been up on the hill all day. Vulmost feel like it is deja coming as what we saw in the house bill. Where they came out with a bill was done in secret. Gave an artificial deadline for a vote. Becauseull the bill they din have the votes. There was all the back and forth. Able to cobble something together to get the votes they needed. It. They passed a lot of people were unhappy what they passed. Behind, well fix it in the senate. You see something similar happening here. They pull it, theres more rangling. They pass something that no one is happy with. Inyll fix is reconciliation. Joe thank you very much to both you. News, weve got breaking theresa may is going to the summit. The treatment of eu citizens working in the u. K. Be sending out proposals for the e you can citizens. Theyre currently in the u. K. After brexit. Beyond that, they want to work things like counterterrorism and the negotiations are constructive. This right at the beginning stages of the brexit negotiations. The wordructsive is may. Teresa plenty more to come from whatd you miss . This is bloomberg. Julia one industry that knows all too well about the Amazon Effect is retail. Bed bath and beyond report earnings today giving us a fresh isk what impacts amazon having on its business. Lets look at bed bath and in todays numbers dont lie. The retailer seen stock fall in we havent seen since back in 2009. Bed bath and beyond was drown graded this week. Two analyst out of 26 have a on the stock. This decline matches the fall in same store sales. Watched measure for investors. 0. 6 number dipping to just last year. That in turn, led to a fall in revenue growth. Suggesting a clearer downward trend. Bed bath and beyond is investing Technology Infrastructure and promotions to try and turn traffic and sales around. Coming at the expense of margins. You can see how the growth taking a itemly. Its expected to hit the lowest the company went public. I mentioned infrastructure too. Here how bed bath and beyond capex more than since 2010. Bed bath and beyond have been buying back shares to help stem the decline. They bought back 9 billion worth of shares since 2010. Ceo has been under pressure too. Compensation was cut 13 . Be following bed bath and beyond earnings when they are released in a few minutes time. U. S. Closing bell. Scarlet thank you so much. Trying to disrupt fashion business. Prime wardrobe. That allows shoppers to try on a andction of clothing, Shoes Accessories and send become what want. Ont is this good. Pioneers,one of the katia beauchamp. Good thing for other subscription box businesses that amazon is entering . Someoneinteresting when as important as amazon pays attention to a category that obviously impact it. They will say, theres something customers for helping discover. Amazon like environment, its clear which a it is so important them to understand how thesee going to tackle category. When that amazon thing holds over everyone else is value. Nd its not the infrastructure set up for it. What distinction does amazon offer that other subscription dont offer . S i think amazon has set the standard. They are almost where everybody goes to say, what are the new stable stake. Resources and the permission from the market to do everything to test everything. Offer it at the lowest price. Which is something that impacts all of our business. Think theyre going to bring that functional aty to the table. Think being the pure function. Lesso i make your chore feel like a chore. I dont think what this does is of, the delight effects of discretionary spend in the softer category. Still tdd here. We dont know what the execution will look like. Light in adefined very specific and functional way to date. Theill think the way that rest of us have thought about tackling this problem of helping people kind of save their time and feel great when they spend money, weve from a much different way. The problem isnt just speed and price, the problem is the choice. Ation of scarlet youre looking past the convenience part and looking to offer selection and it is absolutely convenience. They defined convenience is speed and price. The way we define convenience is time and cutting through the clutter and getting you experience thats relevant and exciting. It has the delight factor. It isnt just the function and the 101 science. Scarlet are you surprised it this long to enter this line . About it. Im not surprised. Focusery clear what their is. They have really defined their place in the customers heart as taking the paper out of your chores. The way that Fashion Shopping shopping works, its ass of a chore. It can be hobby and fun. They have focused on the discretionary exciting part of shopping. They focus on the painful part shopping. We can make it less painful. Im in the surprised it took them long. The commodityg on aspect. Scarlet do you think amazon potential Customer Base for subscription boxes. Market share with traditional retailer from book sellers and Apparel Companies . Is as not clear this subscription. Attached to the prime membership. Its it doesnt necessarily mean a box is coming every month. This is a different behavior membershipn use your to fill a box similar to a pantry. Its takingar that away that whole factor of i dont know where to begin. Through ant to sort whole Department Store floor. Choices of fashion and beauty. Its still saying, you customer have to have some intense. Were going to give you great functionality and convenience to at a great price. Returns. It doesnt look lot different than what amazon looks like today. Scarlet lits talk about your Company Birch box. You offer a premium option. You returns. It opened brick and mortar stores. Two including one overseas in paris. How much customer overlap is lines. Etween business how much do you want there to be . I think anybody who shows a predisposition to shop online theres an over lap. Customers shifting more time and internet. He customers step further in our disruptive e commerce. Were share a lot of customers. To. Ry its competitive. Customers are like minded. They trying to heighten the efficiency without losing the joy of the fun categories. Thats what were all about, you and also have efficiency and feel great when money. Nd your scarlet birch box. Beauchamp. To katia joe reminder best way to watch breaking news on tv is right on terminal. Berg heres tv go on the terminal. You can look back to when we the talking about healthcare bill earlier. With kevincussion cirilli earlier. You can click on here and sends us messages. Of stuff. Best way to consume news and data. Go. T on your terminal at tv from new york, this is bloomberg. Julia time for the Bloomberg Business flash look at some of the business stories in the news. Priceline took alternative withr home capital came discounted stocks. Requires 300 million of the stock, providing a 1. 5 billion Credit Facility. Capital madevide companies. Source to thats your business flash update. Is next. Market close less than four minute to go for the before close. Unchanged here for the major indexes. Nasdaq finishing up in the green. Julia day of consolidation for u. S. Stocks. Aslthcare shares advancing senaters assess the version. Joe if youre tuning in live on twitter. We want to welcome you on our coverage. Julia we begin with our markets. U. S. Stocks limp into the lohse. Here. Ok at the numbers scarlet little change for the dow for the s p and for the nasdaq. Whats notable that volume in the nasdaq is still 12 above. Moving average. It seem that those tech names continue to garner the most attention. Joe volatility is diminished. Gains, in term of youre not seeing major indexes. If you come inside the bloomberg differentt the sectors and their performance today, its clear that theres here. Tstanding mover that will be healthcare stocks. Healthcare group, that sub index is at a record high. Gaining more than 1 as the Senate Unveiled its version of healthcare overhaul bill. Their response to obamacare, theres nothing in there on pricing. Ion drug perhaps, that gave investors a reason to push up a number of different healthcare companies. Including some of the pharmaceutical companies. In terms of examples of the Healthcare Company gainers, we moving high. The biotech company. Scripps. Ngs, express pharmacy benefit managers gaining 1. 5 . Molina healthcare also advancing. Joe lets take a look at the Government Bond market. Ton of action yields lower across the board. Right in the middle of the recent range. A lot. Julia when you get to five decimal places on currency, theres not a lot going on. Ly skip over some of the majors. Going onow you whats in dollar cap. The Canadian Dollar bouncing for several reasons. Some stabilization, old price, had retail fell this morning. Story out the big new bailout by warren buffet taking 38 . Canadianlifting the dollar. Euro norway saying go long norway. Recent price is supported. Also we have the largest easingducing dropping buyers today. Thats another central bank thats talking about the exit potentially. You can see, down. 6 of one percent. Dollar rand in focus today. Willlation that lawmaker try to out president zuma by a confidence vote. They talked about that rumor for the last few months. Mexicoheck of dollar here. We have Mexican Central Bank decisions there. Aising rates by quarter of percent. Joe finally, on commodities, lets look quickly as oil and gold. Both up a little bit. Oil has been getting smoked the last few days. Of relief there. Gold taking a higher on the same bid that push treasury yields lower. We told you about in healthcare driving the index gains today. Now to analyze what investors need to know about the unveiled healthcare legislation bloomberg healthcare reporter zack tracer and bloomberg coverage editor who is in washington. Zack, i want to start with you. Mentioned there was nothing about prescription drugs bill. It wasnt just Pharma Companies moving up. Of the hospital stocks didnt like the house version of the bill. Had a good day today. What was in the bill that investors reacted positively to . Bill we have a bunch subbeds subsidies being funded. At least over the next few years. Pain. Term, there may be we seen cuts come if longer term. Joe seems like lot of the reforms come after 2020. Which i think were having another election. Of get by design sort the big changes or around the next time were taking a president ial vote . Why would you say that . Know. T i do think they trying to have this both ways. Got gop leaders who are trying to figure out how to both conservative who wanted a full repeal of obamacare. And moderates who want to know how many people will lose insurance. Trying to get something where senators can try to have it both ways. Some ofhere you seeing the lower transitions up front. Youre seeing little bit of extra help from the marks and of extra money in there early on. You seeing as time goes out, youre seeing cost savings things. Some that try to cut deeper than the house bill did. Kicking in further on decade out guess, theyre hoping notice. S will scarlet i wanted to get to you now. Obviously these bills are moving targets. Points forarting negotiations. We dont know how the final draft will look like. When it will be voted on. Ye