I caught up with republicans, coming out against voting to proceed. She said you would have to ask the leadership office. Repeal or will be a replace on health care. They said that absolutely, the majority leader will get what they want. They do not know what they will be voting on. It really is to the republicans advantage because each senator could say i wasnt voting on repeal only. Replace sot going to there are still kind of something for everyone. I think that is how republicans are trying to look at it. The process that there werent many, if any, is to be crafted. This really could set the stage for midterm elections, particularly in key battleground states like nevada where senator dean heller is up. They met with senators. As we look, they continue to rally this type of support. The twitter account earlier today, noting that he wants there to be a focus on health care and that is why youre seeing him anticipating comments. Rom him on the campaign trail, several rallies where it took that similar rhetoric, that similar strategy. The same battleground state they will be visiting tomorrow night. This is a white house that is looking to move on from the where theystigation hope the president gets back to a policy script. Julia even some that were carried over to protect their president , making it very personal towards him. Filtering into the blue room at the white house. The fact that the senate democrats. There are a lot of elements. Do we feel like we are closer to getting anything done . There is the midterm and longterm calculations. Remember when everyone was good await for senator john mccain in that situation has become much more complicated with the full diagnosis of his illness. If a vote were able to pass, it is the political reality. Prognosis on precisely even when you look at the president s tweets from the last couple of days, you see the repercussions will be far greater than any of them understand. Going forward and calling it the last chance to do the right thing. Theres that mean that this is the last chance to move forward . Is the signal but there have been a few last chances on this. This really is a lastminute push ahead of the summer breaks and the momentum heading into the midterms. It is still a very complicated proposition. Joe and we see Vice President pence. Will listen in as we room as we await the president s remarks. Pence President Donald Trump has been working to keep the promises he made to the American People to rebuild our military. Has workedent tirelessly to repeal and replace obamacare. It is another day American Families and american businesses struggle. Across the country, we have heard firsthand from americans just like those that stand behind me today, from families bearing the cost of skyrocketing premiums, to families who lost their doctors, and family starting to lose hope that congress will ever respond. Them,a told everyone of thanks to the leadership of president , help is on the way. Is fighting for you and will keep fighting every day into a give the American People access to the worldclass health care they deserve. The United States senate will begin the debate on the ability to repeal and replace obamacare. President said, after years of talking and campaigning on it, now is the time for republicans in the senate to act. Republicans will have a chance to do the right thing. To keep the promise of the American People. This president and the American People are counting on the senate to act. With gratitude for his leadership, his persistence and determination, to make American Health care great again, it is my high honor and distinct privilege to introduce to these families and to all of you, the 45th president , President Donald Trump. [applause] President Trump thank you very much, Vice President pence. Thank you, everyone, for being here today. Havoc on has wreaked the lives of innocent, hardworking americans. Behind me today, we have real American Families. Great families. We are suffering because, seven years ago, a small group of and special interests in washington engineered a governor takeover government takeover of health care. It turned out to be a lie. It was a big, fat, ugly, lie. Promised americans like site finn, that they would 2500 a year under obamacare. Instead, his premiums have more than tripled. That is pretty bad. His family and many employees on no other option, going medicaid and giving up their existing coverage. That is pretty bad. No choice, right . Them, obamacares promise was a nightmare. Fromhave a son who suffers spina bifida. Washington immigrants promised families that if they like their doctor they could keep their doctor, but there is only one says every year she waits anxiously to learn is the doctors and hospitals will remain in their network. You have seen that upfront. The democrats promised melissa that her sons preexisting conditions would be covered. They learned that obamacares promise was meaningless. The doctors you need to care for you are on your obamacare plan. So you just have a meaningless promise. After an excruciating series of events, melissa and her husband found themselves just before christmas, emotionally and financially devastated. Crying in a Doctors Office faced with another seemingly unpayable bill. When insurance wouldnt cover their care, the antidoubt outssas 401 k emptied melissas 401 k to pay their bills. Is first rule of medicine do no harm. Obamacares lives have caused this and the whole country, families like this nothing but pain. Erin and andy are Small Business owners from illinois and have six children. Their youngest daughter has a rare genetic condition. Condoms they are sometimes called butterfly children. She has to wear special bandages all the time. Obamacare, the insurance has been repeatedly discontinued and replaced with what washington deems equivalent policies. These plans are not equivalent timehe family has to spend and resources fighting for exceptions. Steve. De promises to they ignore all the pain, all the suffering, and all the money , the tremendous amounts of money that these lives of cause lies have caused. And the many they are continuing to hurt every day by refusing to help us replace obamacare. Republicans have been united in sanding up for obamacare victims. Repeal and replace. Every republican running for office promised immediate relief from this disastrous law. We, as a party, must fulfill that promise to the voters to repeal and replace what they have been saying for the last seven years. But so far, Senate Republicans have not done their job ending the obamacare nightmare. They now have a chance, however, fix what has been so badly broken for such a long time. Replacementthrough of a horrible disaster known as obama care. The senate is very close to the votes it needs to pass a replacement. The problem is, we have zero help from the democrats. They are obstructionist. Thats all they are. Thats all they are good at. Making things not work. Right things and and do exactly what they are not supposed to be doing. Not giving us one vote so we need virtually every single vote from the republicans. Easy to do. The senate bill considered outside of the outright repeal will provide emergency relief and will deliver truly Great Health Care and health care citizens want,r need, and should be demanding. Youll see that at the photo booth, believe me. Booth, believe me. The senate bill a lemonade to the painful individual mandate. It eliminates the job killing employer mandate. Reveals burdensome taxes and will significantly lower americans premiums. Stabilize collapsing Health Insurance markets and give americans far more choice and far more flexibility. The senate bills coverage for preexisting conditions and you dont get this from the democrats. , andlike to tell you this they dont even know the bill. Obama care is death. Thats the one thats death. And it is failing. Populartically expands Health Savings accounts and provides tax credits so americans can purchase a private plan that is right for them and their families. It devotes substantial resources to fight the opioid and this is a tremendous problem. He Opioid Epidemic so billion is being put in that the people of many states like new hampshire, ohio, and so many others that have such a big problem, can be helped and helped greatly. They will be fighting the drug problems very seriously in my administration. The ministering medicaid to better serve their citizens. The senate will vote on whether to allow this urgently needed bill. Democratic republican, if they be more constructive to our country. Againsttor who votes starting debate is telling america that you are fine with. He obamacare nightmare terrible harm they have inflicted on americans like those. And for Senate Republicans, this is their chance to keep their promise. , they canver again now keep their promise. Toprovide emergency relief those in desperate need of help and to improve health care for all americans. The American People have waited long enough. There has been enough talk. Now is the time for action. Obamacare has broken our health care system. It is collapsing. It is gone. It is up to us to get Great Health Care for the American People. We must repeal and replace obamacare now. Thank you, god bless you. Julia what he sees the critical failures of obamacare, he called it death. Coming back to discuss is our senior White House Correspondent joining us from the white house. And we have kevin cirilli, our chief washington correspondent. A pretty impassioned speech from donald trump. Tie this now to the meetings that hes going to have in West Virginia and ohio. Does he get the senate votes he needs to pass this . Seeing some discussion of the bill . You see making this emotional argument, using the bully pulpit, trying to leverage pockets of support in the see him doing something smart, rather than being on the defensive about the bill, going to that party, most of you have been talking for years. Storiesttempt to find that have not fared well under the Affordable Care act. Barrage of the opposite sort of criticism in , upwards ofislation 20 Million People could actually lose coverage or questions about. He promise a lot of Unanswered Questions pollinging that the of americans. It for keeping the promise of those protections, a very difficult needle to thread. President trump has not been able to put forth a new argument as much as emphasizing more emotionally some of these at your other arguments. The first time the senate tried this, there was criticism for not doing more to get the ball over the line, so to speak. Now that the senate has started that, is he having more of an influence on getting the 50 votes . Something that we saw on the campaign trail in the sense that he is really putting pressure on republicans. In fact, the base of President Trumps support likes it. Especially taking on his own party. Even if folks dont buy that. They are fine with the obamacare nightmare and they took on Senate Republicans themselves. This is the chance to keep their promise. The American People have waited long enough. To thosee is speaking conservative folks. A republican from West Virginia, President Trump will be traveling later this week. It is a procedural vote that we are talking about. Think the likelihood is . Investors that are concerned about this. It is to the procedural vote. It will continue to discuss. What is the likelihood . It is added. Susan collins, a top critic for the majority leader as well as President Trump, she was unsure. Leaves,ook at the tea the targets against his own that seemingly suggest they are more confident than they were last week. Julia thank you kevin, and margaret, our chief White House Correspondent. Joe David RubensteinCarlyle Group is set to seek 13 billion for the next u. S. Buyout fund. For more, lets bring in kyle porter. Kyle, put this in context. 15 billion for the u. S. Fund. How big is it compared to the typical fund . Apollo is ray close to raising 23 billion very close to raising 23 billion. Would we know about the performance with the first five . Current and a fund that is four years old. The value drops the low one and the aim. There are others that are pushing in this sector. Quite interesting to get a sense for how much money in total these funds are managing. Them come out. Investors cant get the returns elsewhere. Alternatives is a great place to put your money. Joe obviously raising the bigger fund, it implies there is a lot of demand for it. Are starved for yield and traditional asset . On top of that, you have sovereign wealth funds. Is a breakdown of International Money coming into this . It depends on the funding question. I think it would roughly be saying that any major u. S. Pension plan will be putting to someone like carlyle or accent. Is there any limitation that you can go into . Or is it openended . They tend to be able to draw this pretty broadbased. Canada, for example, puerto rico, if they want to. With so much competition. Joe in terms of the potential target, when you get news like this, do you see a premium rise that is sort of the theoretical target . It is to look be traded are held by one of their peers. And when the funds actually race, it is even at a very strong market. Begin to us there, the market close is next. Lets get a look at the major averages before we get the equity close there. The alphabet there, we get those results in just a few minutes time. It is set to close at an alltime low today. Discussing it in just a few moments. From new york, this is bloomberg. Scarlet whatd you miss . To close at a record high. Sdaq closed at a record high. Joe if you are tuning in london tolive on twitter i want welcome you to our closing bell coverage. We are waiting for the quarter earnings. Lets take a look at how stocks ended the day in the trading session. The s p 500 a touch lower. The nasdaq performing out some 4 10 of 1 . Nasdaq, a few weeks ago we were talking about was the tech outperformance over, now here we are. Up 4 10 of 1 . , earnings to do any moment. 13 apron is in focus, up in the trading session. Goldman sachs and others coming out with their First Research ratings. Steeplethe likes of coming out, chemical, watching that, 14. Facebook, also high in the trading session. Joe we have alphabet earnings, they are out right now. 22 eps of five dollars and one tinny. 5. 01. Lets take a look at how the market is reacting in afterhours trading. The various first the very map of the earnings, a 2 gain aftermarket hours. On eps. Nings julia six dollars was a number of who are focusing on. A dollars and . 46. Expected to come in at 8. 25. In terms of revenues we got 26 billion. It looks like a bit on the revenue line as well. When were talking about the Second Quarter we have to factor in that fine we got from the eu billion. 2. 8 epf 5. 01. 4. 49 expected. Slightly less of a beat. Joe the market is initially liking the reaction at 1000 a share. Asia it looks like as far some of the numbers are concerned, atbat outperforming performing. Ut you have a company with 90 billion revenue. How long can it continue to post 20 topline growth. People are looking at the other businesses like youtube and cloud. Julia to give you a reference 8. 90t, a dollars . 90 expected. Up, how does this stack there has been concern about how much they are blowing on some of this stuff. Is that a number investors are ok with . Onthe cfo is keeping her eye it. When they created the alphabet structured they were able to give investors better visibility on the revenue. They are going to continue to invest in these businesses but do have an eye on the operating expenses. Investors feel they are being managed appropriately. Percent, that 52 is aggregate pay. Go 52 for this mature to the early days of google up until now, paid to click, advertising. Total advertising revenue hit 22. 6 billion. Is there any indicator this is slowing down . It, and youot seen think about the Digital Display Advertising space, facebook and google taken over 76 of all those dollars and 90 of the incremental dollars. There is a duopoly in advertising. Going toe advertising the googles of the world and the facebook and it is up to twitter and snapchat to see how they position themselves in an advertising business. Julia 1 10 of that is on mobile. If you compare with facebook, they are in the low80s. In terms of monetizing that space, they have more room to her. Grow. M to the mobile aspect of their search business has been the driver. Cost per click, the pricing down close to 20 or maybe a little bit more. You move from a desktop world to a mobile world, he sell a lot more as an automatic lowerpriced you sell a lot lowerds and seeell at a price point. Joe you talk about because i do quasiduopolyeen facebook and alphabet. They will bump into each other on online video. Alphabet is a major player with youtube. Nd mark with Mark Zuckerberg thinks one of the future areas of growth for the social media is presharing the video. The real source of digital ad spending is on online video. Alphabet is there with youtube and facebook is increasingly there. Julia this is the critical thing, you have to type this advertisement to content. When you look at the likes of netflix, putting so much dollars can driving content, you understand that from an advertising place, joe all