tv Lou Dobbs Tonight FOX Business November 22, 2013 7:00pm-8:01pm EST
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greenlawn write off some solyndra. it doesn't matter what program it is coming you just don't of the government involved and that is for sure. and that his efforts makes "willis report" "willis report." have a great weekend. ♪ ♪ single logo. ♪ >> good friday evening. i'm in for "lou dobbs tonight", lori rothman with you. delaying obamacare enrollment. the moment period for the portable correct next year will be pushed back by a month november 15. sparking criticism that the move was made for purely political reasons. about one month away, coincidentally or not, the opening of the moment period pushed back until the midterm election, which critics claim will provide coverage for vulnerable democrats in states
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that traditionally lean to the right. the problematic rollout is the president's signature achievement causing a sharp drop in the president's job approval, a new poll by the kaiser family foundation showing obamacare approval dropping to 33%. nearly half of democrats now disapproving. in the all time low for the president's approval rating, 39% according to the gallup poll. more fuel for the chief white house correspondent ed henry at the white house tonight with our report. >> ensuring that president obama and his fellow democrats will not have to defend a potentially messy 2016 health care enrollment on the eve of the midterm elections, the administration today unilaterally declared sign-ups will start on november 16 of next year, 11 days after the
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midterm election. instead of the originally planned october 15 date. they immediately cried foul, meaning that no one will know about it premiums go through the roof until after the election. this is to use any necessary tools to keep the program afloat jay carney scoffed at that charge. >> we are doing this because it makes sense for insurers to have as clear and information as they need before next year. and so the administration also revealed annther smaller delay and for those who are covered on january 1, it has been pushed from december 152 december 23. meanwhile, new questions about whether the president can keep anothee promise that he made to sell the lot. >> if you like your plan, and
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you like your doctor, you won't have to do a thing. you can keep your plan and you can keep your doctor. >> doctors cease being cut before the affordable care act and acceleration of that now is sparking fears in the white house as a promise that is not so ironclad. >> that was true before the aca and after the aca because they build upon this private insurance system. under the health care law that continues. >> that raises questions as to why he made this promise. >> as the owner of private practice, i am a small business man.
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and my patients are extremely ancient, they are worried and will i be paid enough by the entrance to stay in practice. >> most of it is due to the end of the month deadline to get that fixed. >> so what about that website? the obama administration's update on improvements today to health care dog. the site will be able to handle 50,000 users at one time by the end of the month, not is up from 25,000. system will not work perfectly, but it will operate smoothly for the vast majority of users. the white house to find the vast majority of about 80% of users. fallout over yesterday's use of the nuclear option in the senate. focus tonight on president obama's floundering agenda. including executive nominations with a simple majority likely to
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give the president's administrative priorities some measure of protection if the court and providing additional support over the next three years. mike emanuel has this report. >> by changing the rules with a simple majority the dc circuit court was loaded with people on the bench over aspects of obamacare. >> other republicans say that this is a sign the white house believes that the democrats are going to lose the senate majority in 2014 and they want to have as many of president obama's confirmed nominees now. >> it shows the sign of
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desperation on the part of the white house and this administration. the president's polling is at an all-time low. people think that he is incompetent. reporter: democrats contained about the filibusters a of chuck hagel during his confirmation of being secretary of defense. this includes the national labor relations board and the consumer financial protection bureau. following the rollout of obamacare, this could be used to have the nominees confirmed if the president decides health and human services secretary kathleen sebelius should go. jay carney pushed back at the white house. >> obviously there are a lot of positions that any president can sell. fill. the fact of the matter is thht the president's team when it comes to the affordable care act is fixing the problems that exist with the website. >> three democrats voted with the republicans to oppose changing the rules. >> if it could be changed on
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judges or other nominees. this president is going to be using this to change the rules and a consideration of legislation. reporter: 33 of the 55 senators had never served it with their party in the minority. jeff merkley was elected in 2008 in push for the nuclear option. >> i think this is a terrific book for the u.s. senate. we have had a former paralysis that has inflicted this institution and has done a great disservice to the american people. reporter: one former senator predicts that this will make the atmosphere worse. >> the senate was designed to force people to work together and come up with consensus. democrats and republicans and a lot of that has fallen away and it's very polarizing. this decisioo that was made here yesterday for to make it even more so. reporter: more critical swings to the right and depending on who is in power will make sennte election even more critical for next year's midterm.
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lori: thank you, mike emanuel. a record day on wall street again. the s&p 500 closed at 1800. the dow jones gained 65 points. the s&p is up nine points. nasdaq closing 22 points higher. the dow jones and s&p 500 posting gains for the seventh straight week. indexes are plus 1% of the week. we are we're coming right back, so stay with us. >> president obama still playing politics with health care. congressman scott garrett in hiding the obamacare sticker shock. we will have that next. [ male announcer ] this store knows how to handle a saturday crowd. ♪ [ male announcer ] the parking lot helps by letting us know who's coming.
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advertising options until january when they hope technical problems will be solved. our first guest says that his office has been inundated with obamacare horror stories and he continues to push for the full repeal of the health care law. congressmen, welcome to you. >> what is the status of new jersey and the affordable care act? >> you have to remember that more and more letters have gone out already and a thousand people are going to be notified, but they just won't have a policy that they want to keep.
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and then he said if you like it, you want to keep it. and the vice president said that and nancy pelosi said that and that was actually one of the core principles of obamacare. do you can keep your policy. >> going on the insurance exchange, that is the law now, my staff us go on there as well, members of staff that went on, it took over four hours and multiple attempts to get honor. lori: there's a time factor and i imagine they're putting it off. let me ask you a about the woman until after the midterm. that is so transparent as political. it's clearly because they don't want the backfire on the
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democrats positions are in jeopardy. >> yes, so much they have done is political. there are so many actions that they take. the administration had to know with regard to that as well at insurance companies could not comply with that and the issue you are talking about as well is done purely for political purposes. it sells more the american public on fixing the problem again and it also sells well for the democrats in november 2014. lori: i don't know how well it is selling. we have this tracking poll. 33%. only 33% of americans right now have a favorable listening and that is a record low of obamacare. so what do you think about the senate? you think the republicans will
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have a majority there? >> yes. the whole process, the vast majority of americans -- obamacare was not affecting him, but now it is affecting them and their families and their kids and college kids will soon learn when they go back to college and in the spring, saying that they have to have health care on campus and they can have their same policies anymore so all of this means that it's a good thing to try to repeal it. >> do you think that you will have success repealing it this time around? that totally backfired with the senate. honestly the strategy can be part of the budget and this thing was about to implode.
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>> system definitely is a disaster, we just didn't know how much it would be a disaster and having no not, we probably would have put off the effort this week or two down the road. lori: what is new jersey doing? ten states have denied this fix and what the thing do you think is the best solution for your state? >> they really don't have any real latitude. in reality, the state insurance commissioners are pretty smart and i understand that insurance companies do not have flexibility and that is to turn on a dime after cancellation notices have gone out and they need a large pool in order to have an insurance policy that is shrinking automatically. lori: this is the death spiral
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that they talk about. we need more younger people or the higher costs for all americans. >> okay, talking up his nuclear option, is this a deflection technique on the part of the democrats? >> in a way, but it's also the white house is not following a law, they're not following the rules and he's not going to follow the rules anymore either. >> so it allows him to oversee the subcommittee on these entities and we know that he's very in favor of reducing mortgage principles and helping people in these underwater mortgages and this includes this
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bill going forward. so it is going to be a problem. right now we have a good guy that is warning the program and he has done an exemplary job of trying to make sure that the taxpayer is not put on the hook again. some of the ideas will do just the opposite with the taxpayer on the hook and by rewriting assorted peoples mortgages go down, it puts more cuts on their so there's pros and cons. it's also unfair to the american public at the same time. lori: thank you so much for addressing some of these pressing issues and it's so nice to see you. have a wonderful holiday. all right, up next, hamid karzai telling president to wait in the is not so happy about that.
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bribed about navy contact info and ship movement. in reporting yesterday that the 85-year-old korean war veteran was detained last month. he was on a nine-day tourist trip to the reclusive nation. and john kerry headed to geneva to join negotiations on iran's nuclear programs. negotiators have been working since once they to find language acceptable and there has been a sticking point over the right to enrich uranium. hamid karzai today dismissing a long-term security agreement before the end of the year. joining us is a retired united
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states air force general. thank you so much for joining us. >> thank you for having me. >> please begin with the issue in afghanistan. the question of the security agreement. clearly thousands of american lives have been lost and billions of dollars of aid and we are negotiating over this agreement. it seems absurd anyway. do you agree? >> absolutely. the game is over. they are signing the agreement for the 30th of december only say sorry, we are out of there. we had a failed strategy for 12 years with the hearts and minds of counter insurgency. we don't win hearts and minds it is so offensive to women and minorities and christians and jews. and we are not going to create a jeffersonian democracy.
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and pakistan created the taliban and they are funding the taliban terminate this. we have been fighting the war over there. and the president's letter, he said that they will not accept raids on homes except under extraordinary circumstances. >> we have kept him in office. he is on his own airplane and shipping out with probably $5 billion that he has raged off there.
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and they say if you don't do it, then more out of here. and we should be. -hey just had a loya jirga in the american people have been given 12 years and all you have to do is go to walter reed, and you say why are we here? why are we in afghanistan. >> so many heart-wrenching touching stories. i would also like to ask you about the situation that we learned about today that john kerry is going to discuss negotiations on a deal with iran. and do you think it's the right
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one? >> first of all, it would be satisfied with anything, even if it is a bad deal they have been having secret negotiations in those negotiations have been producing an agreement with the french and israelis and others were not aware of. and john kerry is kind of a show dog out there and there is a lot of kabuki going on. and if they come out with an agreement over the next three or four days, i can assure you that it's not a good agreement. the saudi's and the jordanians and the egyptians and israelis are going to be very dissatisfied with us. and i think it's going to force them, the israelis to take action and strike the nuclear sites in iran.
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and it will deter them as we did during the cold war. that's a nonstarter. >> how do you think the secret negotiations are going. >> well, i finally got a corroborating source today. i knew that they were going on and she has been working on the side and because of her iranian background, she has been trying to do this because this administration has said, okay, we can't stop them from going nuclear with what they are doing and let's cut a deal. because the iranians deeply want these sanctions as well. >> general, thank you for your time and your insight.
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>> lashing out over an internal e-mail in attracting women of combat. the comments written by a female colonel reflect the stereotype that attractive women are not competent enough to serve in military roles. stay with us, we are coming right back. >> coming up next committee "a-team." a filibuster plan and will be successful or not? e ocean gets . the peruvian anchovy harvest suers. it rses the price of fishmeal, cattle feed and beef.
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just by talking to a helmet. it grabbed the patient's record before we even picked himp. it found out the doctor we needed was at st. anne's. wiggle your toes. [ driver ] and it got his okay on treatment fromiles away. it even pulled strings with the stoplights. my ambulance talks with smoke alarms and pilots and adiums. but, of course, 's a good listener too. [ female announcer ] today cisco is connecting the internet of everything. so everying works like never before. ♪ lori: raising the death toll to
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more than 5200 people killed. more than 20,000 were also injured in a powerful storm that ravaged the country two weeks ago. just over 1600 people are still missing. this surveillance video showing the devastating power of one of the 14 deadly tornadoes that hit illinois over the weekend. the one you see here at a 4-mile path of destruction through diamond, illinois instantaneously destroying a home. fortunately no one was reportedly living at that alma the time. all right. a lot of news to go over. let's bring in the "a-team." national review columnist and former chuck schumer aid christopher hon. welcome to all of you. i want to begin with the announcement that the administration would delay the start of the 2015 obamacare enrollment until after the 2014
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midterm election. to you first, is this not blatant politics? defends this move and don't tell me it is just to give them more time. i heard that now flatly. >> i think it is a little bit from column a and a little bit from column b. so i think there is some politics in this, but i also think that they need more time given how badly this rollout is gone. we don't want to have this problem now we are facing a midterm election. hard enough time dealing with it to be less delay a little bit and also get it right next year. >> it will increase the problem, the glare of the total implosion of obamacare. >> you are assuming that there will be a total employees is still. lori: assuming, it happened in. >> glory, if there is a total employers in this time next year there will have lost me on and which will be very bad.
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all right. so way and. what do you think of the move? smart are stupid? >> definitely politics. i'll the -- also think it is a pretty paltry. lori: paltry. >> i think if i were a democrat would not be happy about it because that means is next rollout won't go over well either. >> out and republicans use this. it seems like they are stepping back. although they said we will tattoo obamacare on their foreheads. >> they did say that. really don't think there's any way of running around it. you can delayed if you want. whenever you do it will be bad for the democrats' demand there is no way around it. >> you are assuming it will be and that -- amass a year from now. lori: chris, showing 32 percent of americans from a 33% have a favorable view of obamacare. he said that about the website.
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the speaker of the house trying to sign up. taking almost four hours. the fundamentals of this program are not coming together. it is just -- later in the show we will talk to a couple of guys who basically in their basement figured out a way to put together a website to run in seconds. >> the best website to develop. i don't want to hear anything about those guys. lori: widen the government contract those people? >> i left government six years ago and if i were still working there would have said, a cousin. he has a website that is doing pretty well. everyone knows someone who put up a website that works. clearly a lot of complicated stuff, dealing with multiple layers of government and state jurisdictions and other things. but i hope to god it sticks by december 1st, and if it is not we're going to have to delay the enrollment penalties even
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further. i am hopeful that by december 1st that will be fixed and will move on. lori: all of this. >> boy, i did want to know that it was actually billions of dollars. >> for 500 million. >> all the different contractors really adds up. if the government cannot even be trusted to carry at the implementation of a website maybe it has no business messing in the most complicated. meddling in the economy. and if it cannot even put through a website competently i don't think has any business doing that. >> in the example of a state or obamacare seems to be working. people are getting log on and actually not experiencing a gap in the coverage, said the policy's canceled and a half to switch over. effective? >> no. kentucky, they have shown to okay, it has done well with young enrollees. federally i don't think is
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working and no one will argue that it is. like you said earlier. every unemployed actor in l.a. has a working website. obama has three years to make a working website. the idea that it will be working a year from now is ridiculous theory like he's dead. on the website, it will cost twice as much steven fix it. lori: a quick last word. >> i think that one year from now we will be talking about the website but how americans now can get health insurance that is affordable and covers them for real, unlike these garbage plans that they're losing right now. i am excited. lori: to loses of grandeur, but love you anyway. >> thank you. youtube can join the discussion. all you have to do, loudobbs.com . up next, new york city's michael bloomberg tries to ban one more
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thing before leaving office in january. that does industrial average, another record high today. s&p here to tell us that there is still time to buy and next. we went out and asked people a simple question: w 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. ♪
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♪ lori: a california town enacting the strictest smoking ban in the country. residents, the community about 57 -- 57,000 cannot smoke in their homes. even if they share walls with others. now, new york city mayor michael bloomberg has already backed ban on smoking, tried to ban soda. now he is going after styrofoam. that's right. launching a proposed ban on styrofoam products before leaving office in january. new york city council sanitation committee is granting his wish holding a meeting of the bill on monday. in new york police department pushing its own crackdown on
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santa gone, the annual new york tradition or hundreds of chris criminals engaged in at pre-christmas of crawl. now urging borrowers to ban rowdy santos who tend to add more naughty and nice. and the u.s. postal service under fire for what critics are calling its war on christmas. at issue, this advertisement for holiday fans. gingerbread house, and a qantas stamp, but no christmas stamp. the postal service said they do so christmas stamps, they just are not on that particular ad. well, markets on a tear. if you have been living under rocky must know this. another ecord-setting day on wall street. closing above 1800 for the first time in history. the dow on as long as we to be winning streak since january january 2011. my next guest this as well a correction is due markets will most likely power higher with the snb going as high as 1900 and more.
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chief equity strategist. i love that you are putting an exact target on the s&p. we have some rules here. >> first off, that is our chief technician target for about 12 months from now. still is about a high single-digit price depreciation from where we are right now. and, yes, history says that a correction is due and in my opinion it might be delayed but never repealed, we are probably going to maintain some of this positive momentum at least into the early part of next year. >> it is of great and wonderful if he had been in the market immobile and if you have not? where you find value right now? >> i think you can certainly find value if you go from what we call high-quality stocks, companies that have been s&p quality ranking of a-to may plus because they have shown an above average. lori: and measurement metric. >> it is, a stock measurement,
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not a bond measurement. basically what it says is have consistently have they raised their earnings in dividends in each of the last ten years. anything above a minus is above average. so focus on quality, but then also take a look at valuations. lori: back to the broader market you're looking for a correction. consolidation is healthy. everyone agrees. what do you do -- first of all, how much of a correction now you looking for and how risky do you give when it does happen? >> declines of 10 percent are more about every 18 months. it has been 25 months since we had the last one. lori: a deeper correction? >> the longer we go, yes. history implies but does not guarantee the long rego without it build greater the likelihood that we then fall into a new bear market. what i like to remind investors is that on average it has taken the s&p 500 only four months to
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get back to break-even after a decline of ten to 20%. so don't start freaking out because by the time you start to readjust your entire portfolio the market will probably already be beginning its way back to break-even. >> a fair statement to say everyone is so quick to say it is not the bubble, there will not be a violent crash. i mean, you never know, no one has a crystal ball. what is the best protection, cash, bonds? interest rates and been going up. >> first of five would disagree that it is a bubble. 2008. it has been so quick. not even a grind up. only a thousand points. >> the question is what determines a bubble. if you're looking for p-e ratios of valuations, we are actually trading at discounts to trailing in projected earnings.
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from that perspective i would say if someone is sorry that we are trading too far above a moving average, you might see a bit of digestion to get back to the moving average. but when you realize also that there are very few alternatives out there, there is still an awful lot of cash, an awful lot of investors not believe in this bull market, and that is what could end up driving it hired. lori: we have not mentioned the fed which is the puppet master. coming in to defeat bernanke as chief. had you think she will manage? that will determine a lot of people's forecast for markets. >> the market is breathing a sigh of relief and she is likely to be confirmed as the next chairman, mainly because they're is a continuity of monetary policy and of communication. what -- let's also remember that she is not the be all and all. she was one of those have instituted the 2% threshold that said about which we have to be concerned and probably need to
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start raising rates to maintain what inflationary threshold's are. obviously the investors are pretty pleased that she might be the one. it. lori: will the dow stay above 16,000? >> good that -- could end up to below, but it will close above 16,000, and so will the s&p. lori: always great to charity. thank you so much. up next, the government has three years to get the website built and operational. as you know, it failed. pro rumors, we were talking about them earlier, they succeeded in building their own fully operational version in just a matter of days. they will join us next. ♪ this is the quicksilver cash back card from capil one. it's not the "limit the cash i earnvery month" card. it's not the "i only earn decent rewards at the gas station" card. it's the no-games, no-signing up, everyday-rewarding, kung-fu-fighting, silver-lightning-in-a-bottle, bringing-home-the-bacon cash back card. this is the quicksilver card from capital one.
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kicking off. the midnight launch of the microsoft system. hitting short -- store shelves. more than 1 million units in the first 24 hours. please don't. above 10,000 feet. it would be up to the airlines to decide whether not to allow cell phone use. they're likely to run into a lot of objections from their customers. object. in the meantime, targeting miscarriages life after a deer he shot came back to life. viral video of the incident shows the hunter walking toward the animal. he realizes it is still breathing. the animal's eyes open and it jumped to his feet and takes off there you go. goodbye. since being posted on you to the
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video that more than 700,000 use . all right. the obamacare website showing signs of life crippled by technical glitches. it has cost taxpayers more than 600 million. according to the government accountability office. our next guest spent three days, that's it, three days and about $300 to create a website where people cannot successfully get quotes and compare different health care plans to the federal exchange. let's hear about this. when i joined by the co-founders of the health sherpa dot com. let me begin with you. you met with the department of health and human services. you able to give them any helpful tips? >> it was not really about as giving tips. a lot of it was about just talking about some of the things -- common ground. mainly we talked about how we can give more accurate data.
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that we can present accurate estimates. also, we talked about how we can potentially become sellers of insurance ourselves. lori: you sound very modest. it seems as if it was too easy. you may seem too easy. you were able to give the government advice. how are you able to do this for $300 in no time at all. >> you know, we started with a very small subset of the total problem and started from there. we come as a result, are able to build a lot of the smaller versions very quickly and then build up to something that is larger overtime by incorporating more data sources, incorporating new states and just covering more in the u.s. restarted small and built up. lori: all right. so before the obamacare rollout or i should say basically health care unable to consistently handle 500 users at once.
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2,000 users over thhee days. that was before the rollout. how many users can your site and? >> well, we have seen it go up to a 2,000 to 3,000 people at once. that said, we are now doing a complex of jobs. what we are doing is showing the browsing in the plan, and we have are detected our website in a way that makes it so that they can handle a large concurrent users for the specific function. lori: did you to weigh in. what does -- where do we go from here? getting government contracts. what is the best way? >> this is pretty exciting. we want to basically be the one place to you go to find your health-insurance. so that means adding every state in the union, making it possible to sort of see all of the plans and actually just a couple of hours ago we launched in android
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nap. tens of millions of americans can go buy their health insurance to their smart fund. lori: we should stress that basically right now for research purposes, correct? 600,000. >> how did you create this? or you inspired? was it because of all of the negative press and all the troubles in the glitch is? >> actually, it primarily came from our own desire. we run our own businesses and purchasing our insurance. we were looking for exchange finds it took us a long time to deal. so that was the genesis of it. we furthermore realized that probably a time of americans, going through the exec same situation. lori: congratulations. thank you for sharing your story. well, that does it for us.
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pleasure to sit in. be sure to check out each and every day. have a wonderful evening and a fantastic weekend. ♪ [ male announcer ] this ore knows how to handle a saturday crowd. ♪ [ male announcer ] the parking lot helps by letting us know who's coming. the carts keep everyone on the right track. the power tools iroduce themselves. all the bits and bulbs keep themselves stocked. and the doors even handle the checkout so we can work on that thing that's stuck in the thing. [ female announcer ] today, cisco is connecting the internet of everything. so everyone goes home happy. ♪ [ female announcer ] today, cisco is connecting the internet of everything. no two people have the same financial goals. pnc works with you to understand yours
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neil: where were you 50 years ago this very hour? at 8:00 p.m. eastern time in the body of john f. kennedy was in washington for an autopsy that would drag on for hours. but still ultimately lead more questions than answers. think about where we were as a nation at this very moment coming half century ago. it might even lead to war. concerns that no one was safe and the reality that all innocence was off. fifty years ago this minute, a grieving jacqueline kennedy was being peppered with plans for a state
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