in a moment. rich edson, plus at this hour in washington, d.c., with janet yellen. and how about this story, walking away from $3 billion. would you be able to do that? pretty good story. and last dance for lincoln? it could be if this small suv does not catch on. keep it here on "markets now." dagen: hey, everybody, welcome to this hour of "markets now." expecting the president at the bottom of the hour. all over this breaking news, what do you know so far? rich: telling fox those plans

canceled, the administration will allow states insurance commissioners and insurance companies to reissue those plans for only 2014. that doesn't mean the state insurance commissioner will do so. insurance companies will go ahead and reissue those plans. insurance companies working for months on ways to phase out the plans that would take months to phase them back in. that is a president's announcement, he will allow this under the federal statute for one more year with those with the administration calls substandard plans to be reissued again, but doesn't necessarily mean they're going to do so after they spent all this time and capital phasing them out to get ready for the law. dagen: this looks like a political fix because it is one year, it puts the burden on the state and the insurance companies to do something about

it. maybe it gets this issue away from the white house. >> it is a one-year delay. democrats said these plans are substandard and this is a way to alleviate the political pressure they have been under ever since every president came out. i have been under a lot of heat basically since the shutdown ended. people have come forward with millions of cancellations on these plans. connell: live comments from the president at the bottom of the hour. sarcastic rich edson in washington. dagen: it puts a little water on that fire, so to speak. connell: let's see what monica crowley has to think of this. substandard plans, the word of the day. the fix from the president, as dagen said, that is a short fix to say you can keep it for

another year. monica: this is a big procrastination move because this is just putting off the inevitable given that obamacare is going forward and not repealed. it is the only fix for this thing. in terry obama your premise was built on the idea of getting people out of their private insurance plans into the individual market and into the government exchanges so they could have this pool of people, including many young and healthy types who would uphold the entire system. you put that off for another year, you're putting off the inevitable assuming you go ahead with obamacare in its form. dagen: we are all curious to hear the comments. many issues we have heard about even from kirsten powers, they are not getting kicked off of their plans, but their premiums are going up significantly for the very same reasons. so will this fix that for a year? >> this is just a

procrastination move. it could make it worse. the whole thing will implode on itself because you are not losing any of the uncertainty. coming down the pike will have to deal with individual plans changing weather sooner or later they will have to make this move and if you add on top of it, you guys, the fact employer mandates delayed for a year, they can come and the employer market that is coming down the pike one year from now that you will have the individual market implode yet again. connell: there are people polar opposite of you make the argument these premiums that this is already being talked about, that would make it worse because the young people who are most likely covered by this, you have them so they will keep whatever they have, the premiums for everybody else can go up.

even the left is not necessarily happy with that part of the fix. monica: because of what he pointed out, the premiums are doubling, even in the middle class i make too much to qualify for a subsidy but i don't quite make enough to afford the double and triple additions to the premium. so now what they are going to say is now we have to expand the pool of people eligible for these subsidies. that will blow up the cost of it in ways you haven't seen. now $60,000 per family for a family of four. everybody will qualify for a subsidy, and that will be single-payer. dagen: from the right, it is a conspiracy theory that it was

designed to fail. >monica: it is not a conspiracy theory. most of the folks on the left or on the record saying obamacare is simply a way station on the way to get us to single-payer. connell: they wanted it to fail on purpose. monica: it was all baked into the cake. people are saying the canceled policies are unintended consequences of obamacare, that is not true. these are intended because it plans to move people of the government exchanges to get the whole thing to work. dagen: the government exchanges, it is still an individual private insurance market because the insurance is not being written by the government, insurance is being written by private companies, it is just the government has designed a gateway that is flawed and failed. monica: that is true to this point except what you are going to hear, you're already starting

to hear this is they will say we tried the private exchanges, we try the private insurance companies, the free market, it clearly didn't work som so now e only have one option. dagen: it is the same thing run by the states. it is working better than the federal run exchanges. monica: the state will only pick up the tab for another two or three years and then that money is essentially going to evaporate and then what are the state is going to do? there is no money. connell: what ties this whole thing, monica is in that, the president knowingly lied. i thought that was a high number. he knowingly lied, that is what led to this whole thing.

half the people think so. monica: january of 2010 before he signed it into law, telling a lot of people it is possible millions of people are going to lose their insurance because that is baked into the cake. you have the political and policy team going into the white house saying this claim you like your plan, you can keep it, that is not necessarily true. clearly the evidence is that he knew and he lied. connell: it was not accurate. dagen: it is so detailed and so complicated and so vast having read the law when it was originally passed, i don't know how they fix it. i get it is like you stick one finger in, but there are other leaks and you cannot fix it all. monica: the only fix is a full

appeal. connell: monica, thanks. we have another big story we are covering in washington. the president and janet yellen hearings the next chairman of the federal reserve keeping with this quantitative easing, the bond buying going. big topic for the market. hear this. >> it is important not to remove support, especially when the recovery is fragile. should the economy falter, given the short term interest rates are at zero, it could be costly. withdraw accommodation or fail to provide adequate accommodation.

connell: former vice president of the federal reserve bank of dallas, senior fellow at the cato institute joins us now. seems to be the comment we had as expected from janet yellen. as anything stood out to you so far this morning? >> just that she confirmed that she had stated public the in past and repeated today that she does not want the accommodation and i don't think she is prepared. that was pretty clear. connell: that is the type the federal reserve will have assuming she is confirmed as the next chairman. what are the consequences of that policy short and long-term? >> the consequences of the policy are they have proven to be ineffective. i heard this morning jerry jordan say in his opinion they have been retarding the policy. the fed wants to continue to do more of the same.

connell: a lot going on with the obamacare comments coming at the bottom of the hour. the other thing they got into was the banks and raising capital requirements for the big banks. do you think anything will change from the bernanke regime to the yellen regime that we will notice? and if so, what would that be? >> there is no institutional change, you don't get fundamental change without institutional change. i do think she is more inclined to continue the stimulus that even chairman ben bernanke was. connell: for a longer period of time. >> for her it is the unemployment rate. she really means the unemployment rate is too high. in other words we have heard 6.5%, she will not taper before that.

connell: there you go. thank you very much, we will go back to janet yellen hearings as the news comes out. we appreciate it. >> thank you. dagen: breaking news, everybody. this out of texas. near dallas, south of the dallas area, a pipeline explosion. the authority asking people to evacuate the area near highway 77 and 308. a natural gas pipeline explosion, you're looking at video here. we will bring you up-to-date on this as we get more information about it. there you go, there is milford, texas. just south of dallas. connell: we will come back to that. dagen: can you imagine walking away from $3 billion? cash money.

that is what the folks at snapchat did. facebook, $3 billion. here you go, we want your company. no way, no how. connell: maybe we will get more. we will see. on the runway for victoria's secret. an eight figure bra? dagen: now they're just making a statement. can we get some different video? thank you very much. connell: that is great news. dagen: north america's favorite mare at it again. talking about an ebay auction. of what, is the question. and it is not a crack pipe. take a look at the market. [ tires screech ]

♪ [ male announcer ] 1.21 gigawatts. today, that's easy. ge is revolutioning power. supercharging turbines with advanced hardware and innovative software. using data predictively to help power entire cities. so the turbines of today... will power us all... into the future. ♪

into the future. sometimes they just drop in. always obvious. cme group can help you navigate risks and capture opportunities. we enable you to reach global markets and drive forward with broader possibilities. cme group: how the world advances. connell: the wind appears to be blowing in today. the president's comments at the bottom of the hour. let's go to mccall for some news on retailers. what is up, nicole?

nicole: looking at these names. take a look at kohls. they after we got some news from macy's. they did well on deep discounting. kohls is down this amount here as a talk but the fact they had a drop in profit and revenue, underperformed, the number two s&p loser. however they seem very confident about the holiday shopping season though expect a lot of big discounts in the industry across the board. wwe're watching walmart third-quarter profits on the rise. narrowing the full-year numbers. the ceo talked about customers still having that uncertainty feeling about the economy, the government and job stability, which is not good news, ultimately. dagen: jpmorgan canceling plans for a twitter conversation after

getting inundated with inappropriate tweets. jpmorgan asked users to submit questions for an investment banker. what followed was a series of angry and sarcastic responses, some of which included what is your favorite type of well? why do think it is okay to outright lie, cheat and steal. and can i have my house back? jpmorgan called off the event tweeting our q&a is canceled. bad idea. connell: that is why we do not do a q&a on this show. the crack mayor as he is known, up in toronto, is actually getting more popular as the nonsense comes out. but hundreds lined up at city hall in toronto on tuesday for a chance to buy one of these

bobble heads of this joker, former charity, they almost immediately started showing up on ebay. and then after almost 40 bids, $355, i guess u.s. dollars, more than 18 times the original pri price. it is the gift that keeps on giving. dagen: do you think he stays in office? connell: usually these things and with some sort of resignation. but it is not our country. they were all over him with every acquisition he could think of. dagen: i wish we could play the new video of him. connell: something coming up every hour from him. we have a new offer coming to the company snapshot.

we will talk about that coming up. dagen: the president coming up about to make some comments about the problems surrounding healthcare.gov, an extension for people if you will who lost their plans and want to keep them. take a look at how the greenback is faring today.

>> your fox news minute. u.s. says george washington aircraft carrier arrived in the philippines to assist in relief efforts. the carrier has 21 helicopters that can be used to reach the difficult to access areas. philippine soldiers distributing rice and water using chainsaws to remove debris from block roads. the death toll is now above 2300. four marines were killed in california in what appears to be a terrible accident at camp pendleton. it happened that part of an operation to clear a range of ammunition and other supplies. an investigation is underway.

84-year-old gangster "whitey" bulger sentenced today to life in prison for 11 murders and a string of other charges including extortion and money laundering. he was a fugitive for more than 16 years until he was captured in 2011. those are your news headlines on the fox business network. connell: thanks. back to the breaking news we talked about earlier this hour. the gas pipeline that exploded in milford, texas. there it is. and more up close picture of the flames. learning from the local authorities there have been no injuries reported but we're being told nearby schools and homes have been evacuated as a precaution. live pictures right now, and this story as it develops from texas. dagen: you imagine walking away from $3 billion?

cash money. this guy just did. the founder of snapchat. there he is. making a $3 billion offer to build the messaging service. mostly used by teenagers and younger people. snapshot says every few the offer because it has other investors who value snapchat at a higher price. you have no revenue, no business model and teenagers are very fickle, they will move onto something else. connell: that is the knee-jerk reaction. maybe a bigger offer. dagen: maybe they're getting advice from investors they have. connell: unless it is a higher number, which might be good advice. wall street reviews coming in on our friends at twitter.

connell: jo ling kent standing by with more. >> now that the pandemonium is over and the twitter excitement has subsided we are seeing valuation concerns ranging from outperform to neutrals to sell. let's see the fundamentals. an independent research firm evaluates tens of thousands of companies on a 1-100 scale based on their financial health. without the companies paying them to do so or any subscription they recently gave twitter's first financial health rating of just 19, which is considered high risk. compared to facebook at 59 and linkedin at 43. i asked the ceo why this was the case and he took a look back to the '90s tech bubble. >> we did an interesting study looking at a group of names that came to market in the tech bubble between '96 and 2000.

of the ratios, there were 39 that they had in common as common risk characteristics. if you look at some of the bigger ipo names recently and match them against it we find interesting comparisons or contrast. facebook had a 33% match, which is quite low. linkedin had a 46%. twitter had 92% comparison to that group of names showing it has a lot of characteristics of the companies that came during the bubble. some of which are no longer with us. >> adding janet yellen said chair nomination will only help twitter saying the banks would have never brought the ipo without strong overall market performance. said twitter is overvalued right now and the earnings report not the first quarter, but the second quarter to see how they perform.

connell: thanks. good stuff. dagen: we are waiting for president obama to come out and talk about healthcare.gov, again tried to fix the issues millions of americans have with their insurance being canceled. li happens. connell: also, victoria's secret is a pricey showing. we will have the special video requested by dagen earlier this hour. coming up. dagen: a real person in the bra is what my request was. connell: thank you for clarifying. dagen: you're welcome. [ male announcer ] what if a small company became big business overnight? ♪ like, really big... then expanded? ♪ or their new product tanked? ♪ or not?

what if they embrace new technology instead? ♪ imagine a company's future with the future of trading. company profile. a research tool on thinkorswim. from td ameritrade. and this park is the inside of your body. see the special psyllium fiber in metamucil actually gels. and that gelling helps to lower some cholesterol. metamucil. 3 amazing benefits in 1 super fiber.

there's nothing like being your own boss! and my customers are really liking your flat rate shipping. fedex one rate. really makes my life easier. maybe a promotion is in order. good news. i got a new title. and a raise? management couldn't make that happen. [ male announcer ] introducing fedex one rate. simple, flat rate shipping with the reliability of fedex. dagen: here is what is coming up in the next half hour of "markets now." talking about one fix he has in

mind for his health care law. here to tell us how this economy just keeps on chugging. the plow horse has yet to get tired. and a lifesaver for a brand. lincoln making a big bet for the suv to save the nameplate. connell: some problems with google and hp latest laptop. the chromebook 11 forced the companies to stop selling the device. nicole: they're trying to be proactive about this one. if you bought the chromebook 11, do not use the charger that came along with it. apparently there have been a small number of problems, their quote, small number of problems with overheating. best buy began pulling it and now the companies themselves, google and hewlett-packard have begun looking into this, they are saying don't use the charger because of the problems with it.

they explained they receive these problems and are playing a laptop from stores and websites as well. neither company saying when sales will resume. connell: thanks. there are two big stories, as we wait for the president on his obamacare fix the other stories, janet yellen and besides joy to all of that is his report the fed may not have as much to do with the rally in the stock market this year as many people think. there is no evidence the federal reserve bond buying program is boosting stocks. with more on that, the man behind the plow horse theory is joining us now. the fed is driving this or is there something else? >> that is awesome. i agree with it 100%. the way i look at this, connell,

if you go back to 2008, the fed has been on this bond buying spree. if it was the thing that was driving stocks. the fed throwing money into the economy, people are grabbing it and buying stocks. that would have lifted the price of stocks regardless of earnings. that would have made the p/e ratio rise. but the p/e ratio and the s&p s&p 500 are about the exact same place they were in 2008. so for my point of view there is no evidence. i cannot wait to see that. i probably break the details down. i do not believe there is any evidence. connell: this all came up at the yellen confirmation hearing along with one or two other points. what if they had not put this in place, had not been buying bonds. with the market have rallied to

the extent it has without this even if those other factors are there that you outlined? >> if you get in an argument with the federal reserve, this is the counterfactual. it makes my head spin and probably makes your viewers head spin as well. the fed did quantitative easing and the economy grew at the market went up, therefore the fed will say qe must have done this. that is an error in logic. it is not necessarily true. i would go back and say if the government would have changed market to market accounting in early, late, sometime in 2008, we never would have needed quantitative easing. they finally did change market to market accounting in 2009 and that is when the economy took off the ad the market was still

tanking after qe took off. connell: even if it did not drive the stock market higher, or other consequences put in place, have we created bubbles again? she is seeing limited evidence reach for yield. what do you think? >> here is the way i look at quantitative easing. they boosted the monetary base, the reserves on the balance sheet. $3 trillion they have added to the monetary base but that has not translated into new loans, new deposits or the measure supply. still growing at the same rate it did pre-crisis. the fed bought all of these

bonds, inject themselves into the market in this, it has not helped monetary policy. the net effect of this has been hugely market trading uncertainty and lack of transparency. connell: good talk with brian wesbury. dagen: we're still waiting for the president. we are looking for what his next fix is for part of the health care law. connell: some of that reporting already. and then, lincoln big bet, will it work? coming up on that. dagen: every year victoria's secret has one of these the jeweled brassieres. we have a photo of the model who wore it in the fashion show.

not hard on the eyes, i will say. and yields on the 10-year period connell: very good transition. we went out and asked people a simple question: how old is the oldest person you've known? we gave people a sticker and had them show us. we learned a lot of us have known someone who's lived well into their 90s. and that's a great thing. but even though we're living longer, one thing that hasn't changed much is the official retirement age. ♪ the question is how do you make sure you have the money you need to enjoy all of these years. ♪

lori: i am lori rothman, cutting 4,000 jobs at a plant in

arizona, ohio, pennsylvania and texas. it needs to lower costs in response to continued government spending cuts. boeing machinists rejected a 3-year contract extension, the 77 x jetliner in washington, unions voted to protest the plan to end their pension plan to raise health care costs. they will consider building key part of the plane in nonunion or in japan. eli lilly will invest $700 million to its global manufacturing capacity and spend half of that money in china. three hundred eighty two million people living with diabetes this year. that is a latest on the fox business network giving you the power to prosper.

.. connell: we'll update you on a story we talked about earlier, the gas pipeline explosion in texas south of dallas, still burning big time, providing

pictures and phil flynn, fox business contributor in chicago we checked in with him and he is telling us a crude pipe line near the explosion could be affected so there will be more from phil coming in on that and a developing story as it develops from texas. dagen: last gasp for lincoln? day. needs to get something right. alan mulally of ford wanted to drop the brand but lincoln is in the midst of a turnaround or trying to turn around. lot will depend on a luxury suv, crossover small, compete with bmw mercedes and cadillac. lincoln executive vice president telling fox business why his company is betting on crossovers. >> this will change people's mind about lincoln and this segment is a 200% since 2009. a lot of baby boomers trading

down. dagen: said to think lincoln could go away but how much is riding on this? >> i asked you if this was a make or break our. he said every car is make or break. but it is true, the companies in trouble and needs to rebuild itself, this is a great move, strong segment, players are not itchy yet. the germans are there, the cadillac is not fair. chrysler is not there and lexus is not fair. this is a place for lincoln to go. dagen: the portion is not there. >> more along the lines of this, it will be revealed that a los angeles auto show. dagen: how much, what has been lincoln's problem? the cause look too much like the ford? are they solving that issue? >> they were too much like the ford and differentiating their particularly -- this is a great looking vehicle, not like the escape at all.

you get more technology than you'd get in and ask the and the materials used to trend this. i give them credit for going after older buyers. companies don't want to admit that. this goes at younger buyers. the first time luxury-car buyers and if you don't get them you never get them. dagen: talk to me about the phrase because prius is a tricky issue with u.s. selling a luxury vehicle because you don't want to too in expensive in relation to the competition because that smacks of is cheap. >> just the same you can't rebuild your brand going head to head with the competition. this is the kind that has gone up against 39, $40,000 cars, even the acura it x is expensive to get in the door. you can make a less-expensive. it has to be as good or as close to as good as other vehicles or be disappointed. dagen: i uninterested to see it. thank you for being here.

connell: stocks as we wait for the president to come out of the briefing room for this obamacare fix, the dow is trying for 37th record close if it will head ira and we have tech stocks hitting a new high today despite the fact it cisco and ibm are dragging down the sector a bit. than the other big topic, technology, mark newton on the floor of the exchange with more. >> relative lagger, you see a lot of companies turnaround and despite the weakness, cisco or ibm there are a number of stocks hitting new territory, small caps yesterday reversed as well as yield censored stocks pushed down with interest rates moving higher starting to rally a little bit but technology continues to be one that is a good risk/reward more so than other groups like consumer discretionary industrial setting new highs. connell: big names including

yahoo! second from the bottom ordered from the top. martin, thanks. dagen: the digital age of education. one west coast school district is making an investment in technology for students after the break. connell: a lot of money to be made there and also keep an eye on markets that mark newton is talking about. look at the winners on the nasdaq speaking of technology.

white house, the president is late in his comments about the

obamacare fix as we are calling it. we are waiting to see what he will say, your favorite tv network correspondents, still waiting for the president to come out so when he comes we will bring it to you live. john boehner just wrapped up a news conference in which he said there is no fix for all of this. how can the president fix it? he can't fix it said john boehner and the whole thing needs to be scrapped. that came out of washington moments ago. dagen: this is an annual event we have grown to look forward to, all of us. it is the victoria secret fashion show and every year at this time the company unveils a fantasy ball. this one is the one for this year, $10 million fantasy ball. it was worn by, here we have it, a photo of the model who wore it in a fashion show last night and.

all of it jiggles when she walks. i have been to these a couple times. is made of diamond score rubies and yellow sapphires and includes the gems studied belly chain. that is what you wear if you want to look like $10 million. action will you need to be born with her jeans and not jeans with a g. the fashion show will air december 10th. these women are not perfect. i have seen them up close. they have laws like everybody else. they don't have good dentistry. connell: one way into the president to start. connell: if he couldn't get any manley bernard: are we talking about? vladimir putin. he has a ninth degree about black belt in a tie:dough. he was honored while on a trip

to south korea. ninth degree making vladimir putin the toughest man in the world because it ranks in a notch higher than chuck norris. 61 years old, humbled by the honor, he says and for good measure, also with pointing out he has a black belt in judo. dagen: to see it too. speaking of jiggle. los angeles school district the second-largest in the country offering 14,000 students i pads, billion dollar project to transition into the digital age of education. the rollout covered by the l.a. times is simple. stuart: talk about botched rollout as we have been too often. adam callie joins us from l.a.. what went wrong here? adam: of what went wrong. a great topic is the ipad. we're talking what apple has

been doing and what these devices are still essentials to lot of people and a lot use them for educational purposes or to keep your kid occupied. in l.a. the idea was unified school district, a model for the nation, rolled this out using the ipad, $1 billion initiative that would provide 650,000 ipad devices free to students and teachers throughout much of the district but the program is mired in controversy, kids breached security or firewalls, in the first week dozens of mysterious the vices of gone missing, many questions whether teachers were adequately trained to integrate these devices into the classrooms. the superintendent insists the program is important to bridge the economic divide in a district with nations force students. parents and educators say they will support the plan if it is done right. >> we have made a very committed

push to bridge the digital divide and we are going to deal with pernicious inequity in access to technology for students. >> if you start by making sure this is being driven by the educators and students and their ability to use this technology, that is the most holistic way to do it and in the end the only way to make this relevant. if it is meeting the needs of those folks in the classrooms. >> the controversy became so serious the superintendent had his job in jeopardy. in california anyone who works for the state, a job in jeopardy is pretty serious. dagen: an understatement. thank you, great to see you as always. connell: we are awaiting the president to come out of the briefing room in the white house to make this story of the day, the announcement on health care in terms of insurance companies be allowed to continue the

plans. live on fox business.

sometimes they just drop in. always obvious. cme group can help you navigate risks and capture opportunities. we enable you to reach global markets and drive forward with broader possibilities. cme group: how the world advances. try align. it's the number one ge recommended probiotic that helps maintain digestive balance. ♪ stay in the groove with align.

>> when it comes to obamacare the american people can trust this white house. promise after promise from this administration turned out to be not russo when it comes to this health care law the white house doesn't have much credibility. dagen: john boehner speaking out against the white house. i am cheryl casone. hello, dennis kneale. we are going to be taking you to the next hour of markets now. this is a major about-face. we are waiting on the president. there is a live picture of the white house briefing room. we are being told he will allow canceled health care plans to continue. we are waiting for the president to speak and we will take his comments any moment. this developing story this morning, becoming one of the most powerful women in the

world, janet yellen getting grilled on capitol hill and occurred fed chair nomination. gearing up for a big fight protesting retailers like wal-mart and target over thanksgiving hours. all this and more in a very busy hour of markets now. breaking news at the top of the hour president obama expected to make a statement unaffordable character. let's get to rich edson. can he snapped his fingers and do this? isn't the health-care law aid law? rich: yes and regulations allow changes to regulations and that is what the administration is going to do. if you have your plan canceled in 2013 because it was with the mad illustration called substandard you may be able to get it in 2014 according to democratic officials if your insurance company rewrites the plan and reaches the plan. it would leave it up to insurance companies. they spent a lot of time and capital phasing out these plans and are now being told they can

reissue them if they want to so we will see what effect, how many insurance companies would do so and you brought up the point here, talk about the changes from the administration you know the employer mandate was put on for one year and republicans say the administration doesn't have the authority to do things like this and john boehner says no one can identify what the president could do to make his promise both legal and effective. we will hear from the president shortly. lots of questions, the house will move forward on its bill that would allow by the way the difference between what the republicans are going to vote on tomorrow and what the administration is doing here it would allow anyone to buy those what the administration calls substandard plans. what the administration is doine real shift their insurance

ãand fourteen million americans buying into some of news the federal exchange to get health insurance would talk about question for the insurance companies they have to decide what the benefit is to them. do these cheaper plans? write them and reassure them? or did across their fingers and hope the exchanges work and they can sell more expensive plans and people will bottom? dennis: the health plans preparing for this for three years, just because the president comes out today and says never mind, we will put that back in doesn't mean health-insurance companies will

be able to or willing to put the old plans back in. rich: exactly. you talk to a number of analysts. cheryl: we got to interrupt, here is the president. >> good afternoon. today i want to update the american people on efforts to implement and improve the affordable care act. i will take a couple of your questions but before i do want to say a few words about the tragedy unfolding in the philippines. over the past few days all of us have been shaken by the images of devastation brought by the typhoon. is a heartbreaking reminder how fragile life is and among the dead are several americans so our prayers are with the filipino people and filipino americans across our country who are anxious about their family and friends back home. one of our core principles is when friends are in trouble america helps. as i told the president earlier this week the united states will

continue to offer whatever assistance we can. military personnel land the u.s. team does this better than anybody in the world and have been on the ground working tirelessly to deliver food, water, medicine, shelter, and to help with airlift. today the aircraft carrier uss george washington and other ships arrived to help with search and rescue as well as supplies, medical care and logistical support and more help is on the way. america's strength is more than what the government can do and also what our citizens can do. it is about the big hearted as of the american people when they see other folks in trouble. i would encourage everybody who wants to help to visit whitehouse.gov/typhoon. that will offer you links to organizations working on the ground in ways that you can

support their efforts. our friend in the philippines faced a hard road ahead but a friend and partner in the united states of america. switching peer is, it has been six weeks since be affordable perfect new marketplace opened for business. it is fair to say the rollout has been rough so far. i think everybody understands i am not happy about the fact that the rollout has been fraught with a range of problems that i have been deeply concerned about. i want to talk about what we know after the first few weeks it to implement and improve the law. the white house announced more than a hundred thousand americans successfully enrolled in new insurance plans. not as high as we would like, absolutely not. it does mean that people want

affordable health care. the problems in the website prevented too many americans from completing the enrollment process and that is on us, not them. no question there is demand for affordable health insurance. in the first month nearly a million people successfully completed an application for themselves or their families. those applications represent 1.5 million people. of those 1.5 million people 106,000 of the unsuccessfully signed up to get coverage. another 396,000 had the ability to gain access to medicaid under the affordable care act. that is less reported on but it shouldn't be. american having a difficult time who are poor. and have a disability, they are americans like everybody else and the fact they are available to get insurance is critically important. later today i will be in ohio

where a republican governor expanded medicaid under the affordable care act and 275,000 will ultimately be better off because of it. every governor follows suit, another 5.4 million americans can be accessed to health care next year. bottom line is in just one month despite all the problems we have seen with the web site more than 500,000 americans could no the security of health care by january 1st minute for the first time in their lives and that is like changing. that still leaves 1 million americans who successfully made it through the web site, not to buy insurance but haven't picked a plan yet and no question that if the web site were working as it is supposed to the number would be much higher of people who actually enrolled. that is problem number one, making sure the web site works

the way it is supposed to. it has gotten a lot better over the last few weeks that it was on the first did the we are working 24/7 to get it working for the vast majority of americans in a smooth, consistent way. the other problem that has received a lot attention concerned americans who received letters from their insurers that they may be losing the plans they bought in the individual market, often because they no longer meet the law's requirements for basic benefits like prescription drugs or doctors' visits. as i indicated earlier, i completely get how upsetting this can be for a lot of americans particularly after assurances they heard from me that if they had a plan they like they could keep it and to those americans i hear you loud and clear. i said that i would do everything i can to fix this problem and today i am offering an idea that will help do it.

already people have plans that predate the affordable care act can keep those plans if they haven't changed. that is already in the law. that is the grandfather clause quoted in the law. today we will extend the principle goes to people whose plans have changed since the law took effect and people who bought plans since the law took effect. state insurance commissioners have the power to decide what plans can or can't be sold in their states but the bottom line is insurers can extend current plan that would otherwise be canceled into 2014 and americans whose plans have been canceled can choose to read and roll in the same kind of plan, also requiring insurers to extend current plans to inform customers about we do things, one, that what protection these renewed plans don't include, number 2 the marketplace offers new options with better coverage and tax credits that might help

you bring down the cost. if you receive one of these letters i encourage you to think about the marketplace even if the web site isn't working as smoothly as it should be, to browse costs for new planes near you is working just fine. this fix won't solve every problem for every person but it will help paula of people doing more will require work with congress. i said from the beginning i will work with democrats and republicans to fix problems as they arise. this is what i was talking about. we can always make this law work better. it is important to understand that the old individual market was not working well. it is important we don't pretend it is a place where going back to. too often works fine as long as you stay healthy.

doesn't work well when you are sick. year after year americans routinely are exposed to financial ruin due to coverage with minor preexisting conditions or dropped from coverage altogether even if they pay the premiums on time. that is one of the reasons we pursued this reform in the first place and that is why i will not accept proposals that a just another brazen attempt to undermine or repeal the overall law and drag us back into a broken system. we will continue to make a case, even folks who choose to keep their own plans should shop around in the new marketplace because there is a good chance they will buy better insurance at lower-cost. we will do everything we can to help americans who received cancellation notices but i want everybody to remember there are forty million americans who don't have health insurance at all. i will not walk away from forty million people who have the chance to get health insurance for the first time and won't

walk away from something that helped the cost of health care grow at its slowest rate in 50 years. we are at the opening weeks of the project to have a better health care system for everybody. a system that will offer real financial security and peace of mind to millions of americans. it is a complex process with all kinds of challenges, additional challenges will come up and it is important we are honest and straightforward when we come up with it, a problem with these reforms and these laws, that we address them. but we have got to move forward on this. it took 100 years to get to the deck of the we could start talking about and implementing a law to make sure everybody got health insurance. my pledge to the american people is we will solve the problems that are there, get it right, the affordable care act is going to work for the american people.

with that i am going to take your questions and start with julie. piece of a pea. >> the policy cancellations, polls show you are taking some hits on your overall job approval rating on factors like trust and honesty. do you feel the broad health care rollout has led to a breach in public confidence in government? >> no doubt people are frustrated. we just came out of a shutdown and the possibility that for the first time in two hundred years we wouldn't pay our bills and people breathe a sigh of relief when it finally got down and next thing they know is the president's health care reform can't get the web site to work and there are these other problems with respect to

cancellation notices. i understand why folks are frustrated. i would be too. sometimes people look at what is taking place in washington and they say not enough is getting done that helps me with my life and paula you know, regardless what congress does i am the president of the united states and they expect me to do something about it. in terms of how i intend to approach it i am going to keep working as hard as i can run on the priorities the american people care about and i think it is legitimate for them to expect me to have to win back some credibility on this health care law in particular and on a whole range of issues in general. that is on me. we fumbled the rollout on this health care law. a bunch of things about it are

working really well which people didn't notice. because they weren't controversial. making sure kids could stay on a parent's plans approve the age of 25, making sure seniors got more discounts on prescription drugs, a bunch of stuff we did well over the first three years but we always knew these market places, creating a place where people can shop and competition, get a better deal for the health insurance their families need, we always knew that would be complicated and people would pay attention to it and we should have done a better job getting that right on day 1, not on day 28 or day 40. by the time look at this next

year people will say it is working well and it is helping a lot of people. but my intention in terms of winning back the confidence of the american people is to work as hard as i can, identify the problems we have got, make sure we are fixing them, whether it is a web site, making sure folks who got these cancellation notices get help, we will keep chipping away at this until the job is done. major garrett. >> the law was being debated, if you like the plan you can keep it, and after the law was implemented it is fine, americans believe when you said that, you do not believe the american people deserve transparent accountability from you why you said that over and over when your own statistics and the federal register alerted

your policy? i assume you and millions of americans probably would fall into the gap you are trying to administratively face now. that is one thing. the second thing -- several people in the building were informed about the launch to the web site that was filling the most basic test internally. the decision was made to launch the website october 1st. did you survey that? >> on the web site at was not informed directly that the web site would not be working the way was supposed to. had i been informed by would not be going out saying this is great. i am accused of a lot of things but i don't think i am stupid enough to go around saying this is going to be like shopping on amazon or travelowcity a week before the web site opened a 5 fatah wasn't going to work.

clearly, we and i did not have enough awareness about the problems in the web site. even a week into it the thinking was these were some glitches that would be fixed with patches opposed to broader systemic problems that took longer to fix and we are still working on them. that doesn't excuse the fact that they don't work. but we would not have rolled out something knowing very well that it wasn't going to work the way it was supposed to given all the scrutiny we knew was going to be on the web site. with respect to the pledge that if you like your plan you can keep it, i have said in interviews that there is no doubt that the way i put that forward unequivocally ended up not being accurate. it was not because of my

intention not to deliver on that commitment and that promise, we put a grandfather clause in to the law but it was insufficient. keep in mind the individual market accounts for 5% of the population. when i said you could keep your health care, i am looking at folks who got employer based health-care and folks who got medicare and medicaid and that accounts for the vast majority of americans. and t< and all working

assumption was how that is something that deeply regret because it is scary getting a cancellation notice. it is important to understand out of that population, typically, there is constant turn in that market. this market is not very stable and reliable for people. so people have a lot of complaints when they were in the marketplace. as long as you are healthy things seem to be going pretty good so a lot of people think i

have got pretty good insurance until they get sick comment and suddenly they look at the fine print and have a $50,000 out of pocket expense they can't pay. we know that on average over the last decade each year premiums in that individual markets will go up an average of 15% a year. i know that because when we were talking about health care reform one of the complaints in the individual market i got a notice from the insurer they dropped me after i had an illness and premiums skyrocketed by 20% or 30% so part of what the goal has been is to make sure the individual market is stable and fair and has consumer protections that make sure the people don't get a rude supplies when the need health insurance. if you got a cancellation notice and you are thinking my prices

are pretty good you haven't been sick, and it fits your budget and now you get this notice you are going to be worried about it and the insurer is saying the reason you get this notice is the affordable care act, then you are going to be understandably aggravated about it. for a big portion of those people they might have gotten another saying we are jacking up your rates by 30%. they might have said from here on out we are not going to cover x, why and cialises. these are 12 month policies. insurance companies were under no obligation to renew the same policies you had before but one of the things i understood when we decided to reform the health insurance market part of the reason it hasn't been done before, it is difficult to do, is anything going on that is

tough in the health-care market, if you initiated a reform can be it treated your loss and so what we want to do is say to these folks the affordable care act is not going to be the reason why insurers have to cancel your plan. what folks may find is insurance companies may come back and say we want to charge 20% more than we did last year or not going to cover prescription drugs now. but that is in the nature of the market. >> you consider the declaration for the american people could handle but this new one that they couldn't handle and didn't trust the american people with the truth? >> no. as i said earlier, my expectation was for 98% of the

american people, either it genuinely wouldn't change at all or they would be pleasantly surprised by the options in the marketplace and the grandfather clause would cover the rest. that proved not to be the case and that is on me. and the american people, those of the cancellation notices deserve and have received an apology from me but they don't want words. they want weather we can make sure they are in a better place and by the way i think it is important for me to note a bunch of folks in congress and others who made this statement and they were entirely sincere about it and the fact that you have got this percentage of people who had this impact on want them to

know that there senator or congressman were making recommendations based on what i told them and this white house and administrative staff told them. it is not on them, it is on us but it is something we intend to fix. steve crosby. >> you have reason to believe that iran would walk away from nuclear talks as congress draws up new sanctions and would diplomatic breakdown for military action, how do you respond to critics who say tough sanctions got iran and tougher sanctions make it? >> let me make a couple points. number one, i said before and i will repeat we do not want iran to have nuclear weapons and it would be not only dangerous to us and our allies but it would be destabilizing to the entire region and could trigger a

nuclear arms race that could make life more dangerous for all of us. and i am leaving options on the table to make sure we meet that goal. point number two. the reason we have such vigorous sanctions is i and my administration put in place the international structure to have the most effective sanctions ever so it is fair to say i know little about sanctions because we set them up and made sure we mobilized the entire international community so there weren't a lot of loopholes that really had bite and the intention in setting up those sanctions always was to bring the iranians to the table so we could resolve this issue peacefully because that is my

preface. because any armed conflict has cost to it but also my preference because the best way to assure the country does not have nuclear weapons, and we are in a position to verify they don't have nuclear weapons. as a consequence of the sanctions we put in place and i appreciate the bipartisan help we received from congress in making that happen iran's economy has been crippled. data negative 5% growth rate last year, their currency plummeted. they are having significant problems in the day to day economy on the ground in iran. the president was prepared to have a conversation with the

international community about what they could do to solve this problem with us. we have now had a series of conversations. it has never been realistic that we would resolve the entire problem all at once. what we have done is seen the possibility of an agreement in which iran would halt advances on its program, that it would dilute some of the highly enriched uranium that makes it easier for them to potential reproduce a weapon, that they are subject in themselves to much more vigorous inspections so that we know exactly what they are doing in all their various facilities and that would then provide time and space for us to test over a certain period of months whether or not they are prepared to

actually resolve this issue to the satisfaction of the international community making us confident that they are not pursuing a nuclear weapons program. in return the basic structure of what has been talked about is we would provide very modest relief at the margins of sanctions we have set up. and the course sanctions, specifically oil sanctions. that gives us the opportunity to test how serious are they but also gives us an assurance that

they are not serious, we can dial those sanctions right back. my message to congress has been, let's see if the short-term phase one deal can be completed to our satisfaction where we are certain why we are talking with iranians advancing the program. we can buy additional months with breakout capacity. let's test how willing they are to resolve this diplomatically and peacefully. we will have lost nothing if at the end of the day it turns out if they're not prepared to provide the international community the hard proof and insurances necessary to know they are not pursuing a nuclear weapon and if that turns out to

be the case then not only is the entire sanction still in place, not only are they still losing from the fact they can't sell their oil and gas revenue as easily even throughout these talks, other options were made. if in fact we are serious about trying to resolve this diplomatically because no matter how good our military is, military options are always messy, always difficult, always have unintended consequences. in this situation are never complete in terms of making certain they don't go out and pursue more vigorously nuclear-weapons in the future.

if we are pursuing diplomacy there is no need to add new sanctions on top of the sanctions that are very affective and brought to the table in the first place. if it turns out they can't deliver they can't come in a serious way and get this issue resolved. the sanctions can be ramped back up and we got that option. roger, is birthday yesterday. not the reason you got a question. i thought it was important to note that. >> back to health care. can you guarantee for the american people the health-care web site is going to be fully operational for all people, not just the vast majority, by november 30th, and second, more broadly, this is your signature.

you hear criticism on the hills that you and your white house team i too influenced. was that how this mess came to be? >> i think there is going to be a lot of -- there is going to be a lot of evaluation of how we got to this point and i assure you, asking a lot of questions about that. the truth is that this is, number one, very complicated. the web site itself is doing a lot of stuff. there aren't a lot of websites out there that compare their possible insurance options, verify income from tax credits, communicate with insurance

companies that they purchase, make sure all is verified so there are a bunch of pieces to it. very challenging. and combine that with the fact the federal government does a lot of things that it does not do well. information technology procurement, a systematic problem across the board. it is not surprising there will not be some problems. we have to ask ourselves some hard questions in the white house as opposed to why we didn't see more of these problems coming earlier on or set expectations, so that we could look for different ways for people to end up applying. ultimately you are right. this is something really important to me and important to

millions of americans who have been waiting a long time to try to get health care because they don't have it. i am very frustrated but i am also somebody who if i fumble ball, i am going to wait until i get the next play and try to run as hard as i can and do right by the team. ultimately i am the head of this team. we did fumble the ball on it and what i am going to do is make sure we get it fixed. in terms of what happens on nov. 30th or december 1st it is fair to say that the improvement will be noticeable. the web site will work much better on november 30th, december 1st, then it worked on october 1st. that is a pretty lobar. it will be working paula better

than last weekend it will be working better than it was this week. which means that the majority of people who go to the web site will see a website that is working the way it is supposed to. i think it is not possible for me to guarantee that 100% of the people 100% of the time going on this web site will have a perfectly seamless, smooth experience. we are going to have to continue to improve it even after november 30th, december 1st. the majority of people who use it will be able to see operate the way it was supposed to. one thing that we have discovered that is worth noting. a lot of focus has been on the web site and the technology. that is partly because that is how we initially identified it. these are glitches.

what we are discovering is part of the problem has been technology, hardware and software. that is being upgraded. even if we get the hardware and software working exactly the way it is supposed to, with relatively minor glitches, what we are also discovering is insurance is complicated to buy. another mistake we made was underestimating the difficulties of people purchasing insurance online and shopping for a lot of options with a lot of costs and a lot of different benefits and plans and somehow expecting that that would be very smooth and they also got to try to apply for tax credits on the web site. so what we are doing even as we

are trying to solve the technical problems is also what we can do to make the application little bit simpler. what can we do to make it in english as opposed to bureaucracies. are there steps that we can skip while still getting the accord information that people need? part of what we are realizing is there are going to be a certain portion of people who are just going to need more help and more hand holding in the application process. so i guess part of the continuous improvement that i am looking at is not just a technical issue. it is also can we streamline the application process, what are we doing to get people more assistance in the application process, how do the call centers and people who are helping folks in person, how are they trained

so things go more smoothly because the bottom line is i just want people to know what their options are in a a clear way and buying a health-insurance is never going to be like buying a songs on itunes. it is a more complicated transaction. but i think we can continue to make it better. all of which is to say on december 1st, november 30th, it will be a lot better but there will still be some problems, some of those will not be because of technological problems, although i am sure there will still be glitches that have to be smoothed out. someone is going to be how are we making those application process more user-friendly for folks, one good example of this

to use an analogy, when we came into office we heard a lot of complaints about the financial aid forms that families have to fill out, have to get federal financial aid. i actually remember applying for some of that stuff and remember how difficult and confusing it was and arne duncan in education works with the team to see what will simplify and make a big difference. that is part of the process we have got to go through. what if we could get some focus groups and sit down with actual users, and see how well this is working and what part didn't you understand, that is par of what we are working on in the weeks ahead. >> what about something else? >> i have got to say i meet with a lot of folks and talked to an awful lot of folks every day and

have lunch with ceos and venture capitalists and labor leaders and pretty much folks from all walks of life on a bunch of topics and if you looked at my schedule on any given day, where interacting with a lot of people. it is fair to say the we have a pretty good track record of working with folks on technology and ip from our campaign, where 2008 and 2012 we did a pretty good job on that. it is not the idea that somehow we didn't have access or were interested in people's ideas. isn't accurate. what is true is that as i said before, how we purchase

technology in the federal government is not cumbersome, complicated and outdated. so this isn't the situation he best my campaign i could folks out there and get them on the table and figure out what we are doing and continue to improve and refine it and work on our goals. if you are doing the federal government level you go through 40 pages of this and that and all kinds of laws involved and it makes it more difficult, part of the reason why chronically federal programs are over budget, behind schedule and when i do some monday morning quarterbacking on myself one of the things i do recognize is since i know the federal government has not been good at this stuff in the past two years ago as we were thinking about this we might have done more to

make sure we are breaking the mold on how we are setting this up. that doesn't help us now. we have got to move forward. >> you just announced the state insurance commissioners and insurance companies to ultimately decide whether to allow it for a year. how confident are you that they would do that and secondly how concerned are you that this rollout may hurt democrats chances in next year's midterm elections and your ability to advance other priorities like immigration reform? >> on the first question traditionally insurance commissioners make decisions what plans can be or cannot be sold, what we are essentially saying the affordable care act is not going to be the factor in what happens with folks in the

individual market, my guess is right away you will see of number of state insurance commissioners, part of the challenge is individual markets in different states, some states have individual insurance markets, consumer protections the affordable care act does they match up pretty good. is not some big jump for folks to move into the marketplace. others are pretty low standards so you can sell or pretty substandard plans in those markets and that is where people might see a bigger jump in their premiums so there will be some state by state evaluation on how this is handled but the key point is it allows us to be able to say to the folks who receive these notices, i the president of the united states and the

insurance model, the affordable care act is not going to be in the way of view shopping in individual market that you use to have. as i said there will still be some folks who overtime are going to find the market places are better. i met with a group of senators when the issue first came up. is not a perfect analogy, but we made a decision as a society that every car has to have a seat belt or airbags, so you pass a regulation. there are additional costs particularly at the start of increasing the safety and protections, but we make a decision as a society that the costs are outweighed by the benefits of all alive that are saved.

so what we are saying now is the view are buying a new car you buy a seat belt. the problem with a grandfather clause we put in place is almost like we said to folks you got to buy a new car even if you can't afford it right now. and sooner or later folks are going to start trading in their old cars. we don't need -- if there circumstances is such where for now at least they want to keep the old car even if the new car is better we should be able to give them that option and that is what we want to do. by the way, that is what we should have been able to do in drafting the rules in the first place. again, these are two fumbles, something -- the game is not over. with respect to the politics of

it, i will let you guys do a lot of the work projecting what this means for various political scenarios. there is no doubt that our failure to roll out the a c a smoothly has put a burden on democrats whether they are running or not because they stood up and supported this effort through thick and thin. i feel deeply responsible for making it harder for them rather than easier for them to continue to promote the core values that led them to support this thing

in the first place which is in this country as wealthy as we are everyone should be able to have the security of affordable health care. that is why i feel strongly about fixing it. my first and foremost obligation to the american people to make sure they can get what is there if we can't get website working and smooth this thing out which is plans that are affordable and allow them to take advantage of tax credits and give them a better deal. i also feel an obligation to everyone out there who supported this effort. when we don't do a good job on a rollout we are letting them down. and i don't like doing that. so my commitment to them is we are going to keep doing better every day until we get it done.

in terms of the impact on me to some extent as i addressed it when i talk to julie, there are ups and downs in the course of my presidency and i said early on when i was running i am not a perfect man and i will not be a perfect president. but i will wake up every single day working as hard as i can on behalf of americans out there from every walk of life who are working hard, meeting their responsibilities, but sometimes they are struggling because the way the system works isn't giving them up fair shot. that pledge i haven't broken. that commitment, that promise continues to hold. the promise that i wouldn't be perfect, number one, but also the promise that as long as i

got the honor of having the office i will work as hard as i can to make things better for folks. what that means specifically from this health care arena is weekend go back to the status quo. right now everybody is properly focused on us not doing a good job on a rollout and that is legitimate and i get it. there have been times when i thought we got slapped around a little bit unjustly. this one is deserved. it is gone us. but we can't lose sight of the fact that the status quo before the affordable care act was not working at all, the health care system had been working fine and everybody had high-quality health insurance at affordable prices i wouldn't have made it a priority. we wouldn't have been fighting this hard to get it done which is why when i see sometimes

folks up on capitol hill and republicans in particular who have been suggesting that repeal, repeal, let's get rid of this thing i keep asking what is it that you want to do? i use suggesting the status quo is working? because it wasn't and everybody knows it wasn't working in the individual market that it certainly wasn't working for the forty-one million people who didn't have health insurance. and so what we did was we chose a path that was the least disruptive to try to make sure health-care is treated in this country like it is in every other advanced country. not some privileges certain portion of people can have but something everybody had confidence about. we didn't go far left and choose an approach that would have been much more disruptive, we didn't

adopt the conservative proposals that would have been much more disruptive. we tried to choose a way that build off of the existing system but it is complicated, it is hard, i make policies for us taking this on because somebody sooner or later had to do it. i do make apologies for not having executed it better over the last of a month. >> does it affect your ability to delegate things like immigration reform? >> when it comes to immigration reform, there is no reason not to do immigration reform. we got strong bipartisan support for immigration reform out of the senate. i met with a number of traditionally very conservative clergy who are deeply committed

to immigration reform. we have the business community entirely behind immigration reform. traditionally much more heavily towards republicans who are behind this. if people are looking for an excuse not to do the right thing on immigration reform they confined an excuse. they run out of time or this is hard or the list goes on and on. and an issue that would strengthen borders, legal immigration system works the way it is supposed to would go after employers who were doing the wrong thing when it comes to hiring undocumented workers and allow folks who are here illegally to pay a fine, learn english, get to the back of the

line but ultimately, join fully our american community. when you have a claw that makes sense you shouldn't be looking for an excuse not to do it and i will keep pushing to make sure it gets done. am i going to have to do some work to rebuild confidence around some of our initiatives, yes. part of the job is the things that go right, you guys are not going to write about. things that go wrong that prominent attention. that is how it has always been in. it is not unique to me as president and i am up to the challenge. we will get this done. thank you, everybody. dagen: major about-face from president obama, insurance companies issuing cancellation policies going to be able to still offer those policies, millions of policy cancellation notices going out but this is

for noncompliance plans, and questions here, a complete turnaround. dennis: tel in shores they reactant -- that is not clear what will happen. cheryl: let's go to capitol hill. we have republican congressman, was the president basically doing a political cover here today for democrats? >> too little too late. it is mid november. insurance policies need to be subscribed to on or about january 1st. is highly unlikely insurance companies are going to resurrect old policies that have to go through the approval process, state insurance departments. too little too late but reemphasize a deposition obamacare is a disaster, an unmitigated disaster, it needs to be repealed and i heard the president say with what? we have the answer.

h r 321, the american health care reform act, let's people with preexisting conditions get coverage, covers kids under age 26, has toward reform, it is comprehensive answer. cheryl: you are talking about what is going to come to the floor to mark, legislation your introducing tomorrow. >> no. h r 3121 has not come to the floor. it is a comprehensive republican replacement for obamacare. what is coming tomorrow, the upton bill is similar to what the president said if insurance companies want to offer a canceled policy and resurrect it they can but i would suggest too little too late. four million americans, 1 37,000 in my district have lost their insurance, they are scrambling now ended is time for the president to admit obamacare is the unmitigated disaster we said. time for him to swallow hard, repeal it, we have a

replacement, let's have this debate, to get the health care in america moving in the right direction. cheryl: got to let you go. dennis: thanks for waiting for us. good luck. president says he hears anti-american, quote, loud and clear. we will be back with more on that. welcome back. how is everything?

there's nothing like being your own boss! and my customers are really liking your flat rate shipping. fedex one rate. really makes my life easier. maybe a promotion is in order. good news. i got a new title. and a raise? management couldn't make that happen. [ male announcer ] introducing fedex one rate. simple, flat rate shipping with the reliability of fedex. [ male announcer ] introducing fedex one rate. [announcer]...if you think the best bed for one of you might be a compromise for the other one... [woman]ask me about our tempur-pedic. [announcer] they're sleeping on the newest tempur-pedic bed... the new tempur choice... [man]two people.two remotes. [announcer] firmness settings for the head,legs,and back... and with tempur on top,that famous tempur-pedic comfort

comes any way you like it! [woman]ask me about the lumbar button. [man]she's got her side...and i've got my side. [announcer] tempur-pedic.the most highly recommended bed in america. [woman]don't touch my side! see who does good work and compare costs. it doesn't usually work that way with health care. but with unitedhealthcare, i get information on quality rated doctors, treatment options and estimates for how much i'll pay. that helps me, and my guys, make better decisions. i don't like guesses with my business, and definitely not with our health. innovations that work for you. that's health in numbers. unitedhealthcare. [ bell ringing, applause ] five tech stocks with more than a 10%... change in after-market trading. ♪ all the tech stocks with a market cap... of at least 50 billion... are up on the day. 12 low-volume stocks... breaking into 52-week highs. six upcoming earnings plays...

that recently gapped up. [ male announcer ] now the world is your trading floor. get real-time market scanning wherever you are with the mobile trader app. from td ameritrade. >> political retreat. adam: responding to intensified pressure fro disgruntled people. obama offers his fix for obamacare be at lori: she is close to becoming one of the most powerful women in the world. janet yellen grilled ahead of her fed chair confirmation. in minutes we will have the blowback of the fed bond buying program. adam: a new warning raises a red flag of pension liabilities the largest in his abilities in the united states. we are grilling down with reports author. lori: let's get things s