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worldwide exchange on cnbc i m wilfred frost. we will get to the markets they are pointing higher yesterday we had a triple digit decline for the dow, down more than 130 points. we are bouncing back this morning. not quite triple digits. up 92 points for the dow 10 points for the s&p. the nasdaq up 30 points. energy the worst sector yesterday. oil prices continued their recent two or three-day slide. energy sector down 1.2%. the best sector was financials up 0.2%. in part getting a boost when richard cadre, the cfpb chief announced he would go eight months before the end of his term he was one of the last few remaining obama pro regulation i appointments in powerful positions. his departure helped some of the consuming lending banks in particular let s look at why we re higher in part because of the rest of the world was higher yesterday the rests of the world was lower and that fed into a generally risk-off tone by the time we opened bouncing back. the nikkei up 1.5% ....
, i want to say a few words about some of what has been said thus far. my democratic colleagues always professed to be the champions of middle-class families. we see that rhetoric in full bloom, on full display today. that is why it is astonishing to atthat they are so opposed the repeal of the individual mandate tax. they talk as though everything is fine with our health care system. and that the repeal of this taxable said it all tumbling down. obamacare is already failing. largely because the mandate has failed to do what it was designed to do. it has not improved markets. it has not brought down premiums. markets are in decline. premiums continually rise, despite the presence of this tax. the great irony of obamacare is that on one hand it makes health insurance too expensive for many to afford, while on the other hand it imposes a tax on those who do not buy it. the mandate has not improved the health care system. it has imposed significant burdens on middle-class ....
of these families. the way i have it calculated, it costs a family of four about $20,000 for your debt that you are willing to levy against our children and grandchildren in order to give the richest 1% of the americans a massive tax break. thatannot deny the math almost all the benefit goes to the people at the top. the top 1% are huge beneficiaries. you cannot deny the math that 5400 families will get a massive tax break. you cannot deny the math that says every single american will take on additional debt, a family of four, $20,000 in debt. i was intrigued by the colloquy where members came to ask the leadership if they will work with them to take out a egregious elements of this tax proposal. we get this sort of, yes i will work with him answer. why the do put it in the first place? why are you cutting tax credits? why are you cutting new market tax credits and historic tax credits in the first place? you just wrote the bill. you just wrote it. why did you put it in ....
rain will be will be over san jose. so even as we go into tonight this rain will still be over the south bay. i will talk more about this and how much more additional rain we re expecting coming up in just a few minutes. and, mike, how about those spinouts out there. we have had a number of them around the bay. thankfully none has resulted in any major injuries or any major closures right now, but there was an issue for highway 17. we will show you scattered crashes and i m still tracking an incident here 680 around vargas, an earlier car fire but chp hasn t had any problem with dealing with that so i m going to assume it was a minor issue as well. the blue is where there is puddling and ponding, the green is wet roadways. highway 17 is where we had an overnight crash, it was a single car spin out. we had video that came into the newsroom but i m not sure it was able to come into the system. i was not actually on scene but we are looking at the crews that were. when t ....
tough to tell who was having more phone zach ertz or kid, he was helping coach at northeast high get ready for one of the biggest games of the year against st. joes prep i m getting ready to put my eagles suit back on monday and i know you cannot wait for that. this is a bitter sweet thing for me because it is very sweet when eagles win but really weird taste in my mouth when i see you wear that thing a twitch in your eye. it is a beautiful work of art. exactly. yes, weird, i don t know what that is all about. a work of heart, wait, hold up , you are not a da vinchi painting. i know. let s talk about the weather. i m not needing the umbrella but is there dampness here not just on the sky deck but every where in the wake of what has been just a scattered variety of only rain showers, and it is simply too warm, cool, but in the cold enough for any icing to have taken place, no snowflakes, so this is really more of the minor nuisance issues and when we look ....