Through recess and work on it but we can work on it in the fall. We need to get it done this calendarrier. Charles stocks dropped shortly thereafter. What happens if businesses and investorses start to get antsy here . Its starting to become a reality but also the promises have to become a reality too, whats the timeline . We heard it earlier this week mnuchin said august. If it es beyond august of this year, you will start to e first and foremost volatility and uncertainty. [inaudible conversations] i want to thank each of the House Committee leaders for being with us today. Devotion and leadership has been amazing. I want to applaud you and the diligent work of your committees to advance the Obamacare Repeal and replacement legislation that weve been talking about for a long time and that we have been running with and i ran with and i can tell you and thats what people want, they want repeal and replace. The bill passed just now through ways and means and it will i think, the Committee Just voted recently, right . Your other committee, energy and commerce and was a very good vote and congratulations. That was a good job. Amazing. We must act now to save americans from the imploding obamacare disaster. Premiums have skyrocketed by double digits and triple digits in some cases and as an example arizona which i talk about all of the time, 116 increase and going up a lot higher. 17 would be a disaster for obamacare. Thats the year it was meant to explode because obama wont be here, that was when it was supposed to be. As bad as it is now, itll get even worse. Choices are disappearing as one insured drops out after another. Today onethird of all counties now have only one insurer on the Obamacare Exchanges and the exchange themselves are a disaster. The house repeal and replace ends the Obamacare Tax hikes cuts hundreds of billions of dollars and eliminate it is Obamacare Mandate that forces americans to buy governmentapproved plans. We all know that one. It provides states flexibility on medicaid dollars and back to local government which we all want to see. Theyll do a much better job and the plan empowers individual americans to buy the Health Insurance thats right for them, not the plan forced on them by government. You all remember, you can keep your doctor, you can keep your plan. It turned out to be not true. This is the time we are going to get it done. We are working together. We have some great results. We have tremendous spirit and i think its something thats just going to happen very shortly. So thank you all very much and we are going get to work. Charles well, there you have it, President Trump meeting with Key Committee chairman, chairpersons, if you will. Kevin brady and greg waldon have been up front, diane black and representative of virginia and chairman of the house judiciary committee. I want to get back to market watcher joe, because, joe, here is the thing. Obamacare must be taken care of first. We already know what the agenda is and the longer more complicated e process is, at means the harder and more difficult it could be toet the juicy part that is the market has been looking for particularly tax cuts. But i think looking at health care, that took six to eight years to get to the point where it is now. Tax reform, the perception is its not going to take six to eight years. Its clear that you need tax reform fast and you need it by august. We saw the weakness in the russell 2000 and thats the smaller domestically centric index. Thats what we are going to watch. If you dont see tax reform in short order, im going to tell you right now, thats where youre going to see the canary in the coal mine start she shirping. Charles we are seeing no evidence that the economic needle is moving in the right direction including the jobs report today, would that be enough, if that stuff keeps going on, not bank gang busters per say but to keep the markets sustain, hold off a major correction . Itll keep it sustained. Charles, the number was great off the charts, but you had the average weekly wage inflation. Average at best. We are seeing full employment starting to hit, 4. 7 unemployment. You should see that wage number a lot higher. At least that what we should expect. So yes, thats going to hold up the markets right now but we are not seeing the types of things that are saying, yeah, everything is growing at a pace that its going to, you know, justify the enormous runup that we have had so far. Charles joe, we appreciate your expertise. We will talk to you real soon. Definitely. Charles is the white house making any progress with those conservatives, House Freedom cauc sot member scott perry on if minds are starting to be changed. We saw the presentation from paul ryan who had his sleeves rolled up, had some graphics like the piggy bank with the coin dropping in. Is that helping the Freedom Caucus say we have to make some compromises and need to understand this is, quote, a binary choice . That is what it is termed as, a binary choice but it is early in the process to take stock in that too much. Some people say the binary choices saying this is where the negotiation is. Negotiation is occurring daily with the white house and the house of representatives, different groups, different individuals with different ideas and different concerns. We have time here, it is a pretty quick many members of the Freedom Caucus are not there yet. The rules Committee Meets and amendments will be in order and some of those amendments passed that will affect things that not only conservatives are concerned about but the other side of the spectrum but all americans, there is another thing, the three phases, the third phase driving down the cost of insurance for people on the open market, we could get those things passed through the senate. That is pretty squishy. That is important, we dont want to pull the rug out without knowing we drive costs down. It is driving the cost down so people working and living can afford their insurance. Charles the fact you have a 60 vote threshold, you have delors and democrats, you keep some parts of the president s bill or they will sit on their hands. The change that is the concern, they come over even though it is hurting their constituents, they will be so went to partisanship and obamacare that even though there is only for third of the country one provider in those counties they will not help do things like allow sales across state lines, tort reform and the things that drive the cost down, getting rid of those mandates even though the rest of them are going. Happy to be the guaranteed issue for Insurance Companies and mandates on coverage in place and the cost is not going to come down. Charles what is it going to take, what compromises i am not sure you will be to next tuesday will you be there to gives be changed i expect to be there. Stuart what do you do generally . Im a poor. Charles you mentioned management and budget, no one expects that to be a good number. Republicans are saying these guys dont know what they are doing, and i dont know if it will help or hurt your cost, what are you not yielding to . There are places of Common Ground and leadership about these things, after that time, you can talk more pointedly to see what the cost will be. I would say to the people who are focused on that look at the scores it gave obamacare, how close it was whether it was enrollment or cost or anything, with all due respect, i dont think you wehould be regaless whether it is high or low. It is wildly off as you know. Charles always the other party, bipartisan thank you very much. A couple days to get your bowling scores up. Fair and balanced, go to the obamacare architect, doctor zeke emmanuel, thanks for joining us. Would you agree the plan as it is now is indeed serious trouble, even perhaps in a death spiral . Representative ryans planet and death spiral. Charles the current obamacare plan. The Freedom Caucus is like it. Voting against speaker ryans plan. The American Hospital association came out against it. Doctors and hospitals are against this plan. It is going down. Charles the current medical system as it stands. Obamacare is doing quite well, better than anyone expected. On access 22 Million People got coverage. On cost, costs have moderated. Charles is moderated the same let me finish, let me finish charles let us have a conversation. You are saying things that are not correct and i would like to ask individually instead of a filibuster if we can do that. You talk about costs moderated, people have seen premiums go through the roof. Let me explain. Premiums are going up. Under george bush, his eight years premiums went up 80 . Under president obama they went up 35 . In the last year you have a jump in a few markets. You didnt mention massachusetts or indiana where premiums went down, or california a huge ste where premiums went up 7 . You have been cherry picking, let me finish, you have been cherry picking your data and not giving an accurate representation, there are some unfortunate people, they tend to be of two groups, very healthy who are getting a very sweet deal before because they were being underwritten and young people who were getting a sweet deal because they are generally healthy. All the people have done much better under obamacare. When you compare someone who is 55 and obamacare compared to representative ryans planet the representative ryans plan they will do substantially worse. It is estimated a household under representative ryans plan with a head of household 55 and older will pay 7500 in healthcare costs more under ryans plan that obamacare. That is not costsaving and by the way, lasting, the 3 50 billion representative ryan wants to given taxcut or to people making 250,000 or more. It will devastate medicare and devastate government finances. It is a giveaway to the rich. Charles here are a couple things. First of all, the notion that this has worked when half the people you are talking about have been pushed onto medicaid which strains state budget and after this initial faustian bill expires is dangerous, and moving subpar care for so many people particularly older poor people we do in a previous of gone up. I didnt mention any particular state but if you take them all in total they have gone higher. The cost curve cost of not curbed lower, they have gone up, drug prices through the roof and in the ceo of it the saying this is a death spiral so you can resell it if you want tthe American Public. Let me readdress your point. You didnt mention or address the issue that under president bush prices went up double. Let me no healthcare costs have ever gone down. They have moderated, increased for five years with the general inflation which has never happened before in 50 years. That has been a big achievement. I will also say drug prices are one of those places where democrats and republicans can agree. We all think drug prices are too high and need to be negotiated. The president has agreed with that and this will unite us, by present agreement, it is not in representative ryans bill at all. He wants to do nothing about drug prices which you have mentioned as a serious point. That is a deficiency in this bill. The bill is inadequate in many ways. Charles overall the American Public one more thing. You complain the 10 or 11 Million People have gotten medicaid as part of obamacare. An interesting fact if you survey those people they are happy with their medicaid. They have great satisfaction with primary care. They like it. Charles people who have used obamacare in any survey are unhappy with it, they lost their doctors. That is factually wrong. You are stating an untruth. That is fake news. Charles something is wrong with the healthcare system. Most people who use obamacare and medicaid money exchanges are happy with it is your claim that most people hate it is simply charles it is your baby but it has a lot of problems, appreciate your letting me talk a little bit, see you soon. More fallout from the jobs report. When someone says something the fed does can put a end to this rally coming up. When you have something you love, you want to protect it. At legalzoom, our network of attorneys can help you every step of the way. With an estate plan including wills or a living trust that grows along with you and your family. Legalzoom. Legal help is here. Your insurance on time. Tap one little bumper, and up go your rates. What good is having insurance if you get punished for using it . News flash nobodys perfect. For drivers with accident forgiveness, Liberty Mutual wont raise your rates due to your first accident. And if you do have an accident, our claims centers are available to assist you 24 7. Call for a free quote today. Liberty stands with you™ Liberty Mutual insurance charles look at that chart, ges chart after charl sparinos treat. And that is a fox news contributor. Are guy who is not a fox news contributors jeff immelt, and the long time ceo jeff immelt, is on the hot seat, that forced a lot of people out. They are not meeting their financial targets. Is what we know from inside ge. Ge missing recent earnings targets, and he is an investment, loves very smart guy did a lot of work on dupont in the past and both of them may push for an immelt into early retirement if financial goals are not met, that is the step from inside. We should point out, still has at this moment the support of the ge board. That could change if it starts corporate activism which they are now weighing if they do not meet these targets. One of the things, very annoyed with immelt. A very huge revenue base and cost base, couldnt take out a decent amount of savings in the last quarter even though ge is trying to downsize for subsidiaries, and 1 billion on 100 billion. Charles the kind of thing jack welch mastered. Because of missing earnings estimates, they have done Something Like 33 and the other robe will force their hand, ge stock in immelt has not since he was ceo, inherited ge at a lofty price, it was pumped up by the internet bubble and the jack welch years, jack welch was a successful ceo and after that we ran into 9 11, he has an with the company a long time, considered a successful ceo, trying to undergo a change at ge where they sell varies units but when you get an activists investor you meet certain targets. A pretty fair activists investor blows people out but missing that expense target is big. Charles a 50 stock, in my mind no excuse for it. Charles we should put out a statement that we are waiting for a comment ge, it is very interesting, try g each continuing to work constructively to optimize the valley. This is real, stock is moving on this. Charles thank you very much. The debt limit needs to be raised again so what does this mean . Push off the looming crisis again . Guyhey nicole, happening here . This is my new alert system for whenever anything happens in the market. Kids a natural. But thinkorswim already lets you create custom alerts for all the things that are important to you. Shhh. Alerts on anything at all . Not only that, you can act on that opportunity with just one tap right from the alert. Wow, i guess we dont need the kid anymore. Custom alerts on thinkorswim. Only at td ameritrade. Charles the Congressional Budget Office will score the republican healthcare bill on monday, the treasury secretary raises the debt limit for a committee for responsible budget. Of this republicancontrolled washington is closer to that fiscal house in order or fiscal cliff, thanks for joining us. Raise the debt limit and there used to be a time, there was a political hot potato people were passionate about and we get the Congressional Budget Office to score this bill. We got serious issues to consider, all about more debt. A lot going on next weekend let me add one more to your list, the president s first budget or skinny budget is slated to come next week so we will find out the cost and coverage numbers associated with the new Health Reform bill, we will deal with raising the debt ceiling next year but it will be time to use extraordinary measures, folks at treasury have to juggle between trust fund to put off the inevitable which is raising the debt ceiling. Charles congressman kevin brady at the white house. The change the United States after seven long years of Many Americans being hurt by obamacare the process begins in realtime to repeal this law and Begin Replacing it with affordable healthcare. The ways and Means Committee, 18 hours of deliberations republicans unified in support of this bill and for this reason. If we hear nothing else i say this is the most important one. There is so much more that unites republicans then divides republicans on this issue, revealing these taxes, the subsidies, the mandates that hurt our local businesses we unite behind beginning to restore state control, real power and choice over there Healthcare Plan is what we unite behind, we will listen and make improvements where we can but there is no question this is the bill that will come to the president s desk, repeal obamacare and give americans hope and relief again. Charles that was kevin brady, one of the key figures not only helping put this together but to sell it to fellow republicans in the key messages, so much more that unites then divides over theres serious conservative opposition and moderate to dont like parts of the bill but this is just the beginning of the negotiating process. Here is the thing. Publicans used to be extremely worried about the debt, 400 billion in interest alone. Is it smart or okay to say we need to ignore that for a moment and get this economy firing on all cylinders and if the economy is growing at 31 2 or 5 , that makes fighting the debt and easier proposition. That is the backwards way of looking at it. Part of getting the economy growing, i would put a big. 5 , 4 , 31 2 is aggressive, labor market challenges as people move into retirement, we want to grow the economy as much as possible that will help with the debt, the way you grow t