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The main thing once we realize were not going to get full repeal people needed relief from premiums. They said ten years. We have got provisions in their is going to repeal some of the mandates and the cost of healthcare. They are concerned about their constituents just like the rest of us. And they wanted to make sure we are all in agreemenwere not going to take out the preexisting condition language. We are all in agreement on that. I support 50 and younger. And not pain into it. What skews the ability. In a bunch of older folks. How can you stop the premiums from going up. I thought it was at the heart of your problems with this. We are not overlooking. Thats one of the things that has come in. One of the amendments that has been added actually well had high risk pools. The high risk pools mean in other and other states have done it effectively. Like the car insurance. It pulls out the high risk folks. They drive up the cost dramatically. But then it brings down the cost for everybo ....
Fell 3 . Gold was unchanged. Oil sold off more than 2 dollars. Regulators are set to fine j. P. Morgan 700 Million Dollars over the london whale trading loss last year. Triple aaa reports. The nation has gone 1,000 days of gas prices above 3. 00 per gallon. And at our last check 13 people are dead following yestrdays shooting spree in dc. Glen schultz of Performance Trust joins us on the show now and glenn has the bond market priced in fed tapering . Absolutely, the bond market is priced in fed tapering. I think in the might of the bond market, tapering is all but certain. So the question really becomes how much or what degree does tapering will occur . Right now people are probably pricing in something between a 15 to 20 billion reduction in the feds purchase program. Right now, the Federal Reserve is purchasing ab ....
Vaulting. 57 . Nasdaq declined. Apple declined. Therefore, its taken the nasdaq down. Was Larry Summers that horrendous for stocks . Could he actually matter that much . No, but he sure is a catalyst. Let me give you the setup and the reasons why the market loved the fact that Larry Summers is absolutely not going to be the next Federal Reserve chair. The only thing that stands in the way of higher stock prices here is, washington. The war between the president and republicans drains everyone. Business gets crushed in the crossfire every time there is a player partnership. Today when the president spoke, he admitted the economy took a real hit two years ago during the debt downgrade wrangling. We know the fiscal cliff discussion put business square on its back. We saw a return to good growth and then the sequester stalled ....
The next big thing is you will have to stay tuned for that governor. Cisco reporting earnings about an hour from now. The tech bellwether rattling markets late last year with a weak financial outlook. Should investors brace for more bad news or with expectations this low, will cisco surprise us to the upside . Well get you the information first and well have a full analysis as those numbers hit as well. That will probably set the tone for tomorrow, but theres also something thats going to set the tone for tomorrow. A major Storm Brewing in the south, and not even talking about the weather. This one is all about a key vote to unionize a tennessee auto plant, something that has not happened in the south ever. The president of the united autoworkers will be joining us on the closing bell exclusively to talk about whats on the line in that story. Very important coming up here. And here is where we stand in markets as we head into the f ....