. this is "nightly business report" with tyler mathisen and sue herera. funded in part by -- >> all it takes is a spark. one idea to take flight. the courage to seek the unknown. to innovate, to move it forward. to explore a different perspective. the ideas, the cam, the businesses, the people who drive global economy. the future isn't tomorrow. it's right now. all it takes is a spark. nasdaq. washington and wall street. from immigration to health care to tax reform, the role business can take to shape the trump administration's agenda.

roll back road blocks. governing wall street won't be easy but it can be a windfall. >> and the biggest challenge sitting in the white house. those stories and more on "nightly business report" for february, february 6. good evening. curb your enthusiasm. that's what wall street appears to have done, at least for today. the muted trading follows concerns that the economic policy agenda may not get pushed through as quickly a hoped. the markets moved higher simpson early november has been pegged to the idea that policies and infrastructure spending would be high on the to do list. that is now in question. the dow jones fell. the s&p 500 was down 4. according to the "wall street journal," that index has not experienced a daily move of 1% or more for 35 consecutive

sessions. the longest streak cynic 1974. house speaker paul ryan recently said tax reform won't be looked at until spring after the budget passes and then an interview yesterday, president trump signaled the time line to repeal and replace the affordable care act is now likely to stretch into next year. but that extended timetable could complicate things for the health insurers which have to commit soon to selling plans through the affordable care act market places and they want to wait until they know with a the future holds. shares of signa, anthem, etna, all lower in part because of that increased uncertainty. and republicans are also taking aim at one of the more controversial parts of the health care system. medicaid. the woman nominated to they had centers for medicare and medicaid helped shape indiana's medicaid perhaps. she was able to cross the aisle and work with both republicans

and democrats. and many see her work as a potential blue print for the gop's reform plan. >> when crippling back pain forced robin thenlds on leave her job last year, medicaid was godsend. >> if i didn't have that, i would be in trouble. >> she was covered through the healthy indiana plan or h.i.p., the state's version of the medicaid expansion. the architect behind h.i.p. is the sconsultant brought in by mike pence. she has then helped with expansion plans in several states like iowa and ohio. governor who's did not support most other provisions of the affordable care act. now she is president trump's pick to they had centers for medicare and medicaid. so she'll be deeply involved in the administration's plans to repeal and replace the affordable care act. back home, she gets high marks

for working across the aisle. >> every time you encounter her, it is for what is our ability to solve the problem and how do we obtain that solution? and she drives for that on a regular basis. >> she was a very good listener and was able to put a lot of different perspectives into the mix. >> but she has come under fire by some policy experts who are requiring low income h.i.p. enrollees to contribute 2% of their income toward premiums and advising a plan that pushes them out if they fall behind. >> if you don't pay your premium on time our don't get your paperwork on time, even if you go back ask say i'll pay my premium, you're locked out of the program for six to 12 months. >> republicans in congress are looking to rein in federal funding for medicaid. in the states, even some republican governors like indiana's eric holdcomb have questioned whether they will

have a big impact on the budget. >> what happens to the medicaid program at large if spending is capped could layer on top of the repeal. that would be a huge caution to the states. nursing home patients could be hardest hit under medicaid pets and her home town, executives are hoping she can help build compromise in washington to limit the pain. >> there's been a lot of discussion about how bipartisan this needs to be. >> they are hoping they won't lose their life line. >> it is important to have health insurance. it is hard not to have it. >> "nightly business report." the biggest technology company in the world are fighting the president's immigration order. a major issue for business. nearly 100 companies including apple, google, netflix, twitter, filed a motion with the court last night says the executive

order represents, quote, a significant departure from the principles of fairness and predictability that have governed the immigration system in the u.s. for more than 50 years. the order also, they say, makes it more difficult for u.s. companies to hire talent. ibm, qualcomm, oracle, among the big companies in technology that were not part of that. >> despite some tensions between trump and the business world, there is one school of thought that contends corporate executives have the best chance of they know white house shape policy. and that groms tom freedman of the "new york times." >> right now the republican party is not going to be much of a check on him. the democrats really have no ability to do so. main stream media doesn't have a vote so it is really the business community. >> let's turn now to michael to talk more about how business

executive shs help shape policy. he is president of the money manager firm. he would be the far. in equation. michael, good to see you. let's talk first about the pace of the trump agenda. you pointed out, it is something i happen to have also been talking about. the idea that things will move fast and without hick-ups and hair balls this washington is a little naive. >> i think so. and thank you again for having me. and great job on nailing dow 20,000. within a couple weeks. how many other people get to do that? you nailed it. i think people get tooment on miss fwik washington. and the way sue started the program, curb your enthusiasm. washington is still washington seems to be the realization. so it is. and i think given trump's very full agenda.

it has been at a blazing speed. it has been difficult on keep up. now we're watching the affordable care act kind of bog down. we matter the tax cuts might be sometime probably toward the end of the year. take effect next year. and infrastructure spending isn't garnering a lot of enthusiasm anywhere in washington because a lot of the right wing republicans want to be very fiscally constrained. so a lot is getting bogged down. it is not all bad. it's just washington. >> what about the thought, the school of thought right now that perhaps industry leaders, ceos which mr. trump repeatedly has called to the white house, may be better suited to shape policy in a more a-political way than those who are on capitol hill. do you believe that is the case? and what is the appetite for many ceos to take on a president?

>> i think this is the most fascinating new administration to watchful we're watching different ceos take different approaches. we have the tech guys who are sort of protesting, particularly on the immigration issues now. and their ability to hire. we're watching others sort of seem to try to get along well the president. do you do it by sucking up and getting along and going along? or do you oppose and fight this new president? and what will be more effective for your company? i think if i were a fortune 100 company, i would be having my research folks study exactly the relationship with putin. i don't know exactly the dynamics of that relationship but it seems very successful for mr. putin, and it seems like that might be at least a model for those who are trying to figure out how to advance their company's cause the farther west the new administration. >> do you think companies are worried that they'll be the object of a twitter tantrum on the president's part?

>> i think everybody is a little bit worried about that, tyler. in particular, i think janet yellen should be worried about it. because it is fiscal stimulus, tax cuts and things that will propel the economy. those things can be inflationary. what happens if the fed starts raising rates, trying on counter manned? what about the next press conference? the unpredictability that we're getting used to. but wall street doesn't like it. >> michael, thank you as always. >> thank you. still ahead, how a rollback in regulations could put more money in investors' pockets.

president of the european central bank struck back at the trump white house. mario rejected accusations that germany manipulates the euro and used a congressional report to back up the statement. >> its latest report to congress released on october 14, 2016, the u.s. treasury itself stressed that germany does not manipulate its currency. the reason is that germany does not satisfy all three criteria used by the u.s. treasury to identify unfair currency practices. >> last week, peter navarro, the president's top trade adviser, said germany was using a grocery undervalued currency to take advantage of the u.s. >> he also warned that

deregulating the industry was potentially dangerous and could start the next financial crisis. as we reported friday, president trump signed agencies to review the sweeping group of wall street reforms embedded in the law known as dodd frank. but as steve leaseman reports, big roll bask could mean some big roll blocks. >> in signing the order, the president said he planned to cut a lot more out of dodd frank. the law will require a lot more than a lot more than an executive order. first, the head of the financial services committee is a strong supporter of overhauling dodd fra frank. overall. the senator could prove the biggest hurdle. >> during the period when the republicans were in power in congress before this, they never moved for the total appeal of it the way they can with health care. and you'll need 60 votes to change any of the major

legislative pieces. >> and there are multiple agencies involved. they include the federal reserve. both of which regulate banks. but there are many more. the issues are complex. should big banks keep more capital on hand? what is the best way to wind down a bank if it zbeets trouble? and make sure it doesn't require a. at a pair bailout. the president can appoint people can enforce it less stringently. for the next year, president trump will have to visit with janet yellen who is not opposed to all forms of dodd frank but has generally supported it. >> we have so many people, friends of mine who have nice businesses. they can't borrow money. the banks just won't let them borrow because of the rules and regulations. >> but the data shows lending is pretty strong and a key small business survey shows few business owners have trouble getting credit.

while many disagree over the need to fix dodd frank or how to do it, it is one of the most complex laws of the land and fixing it won't be easy. if president trump is successful in repealing dodd frank, investors, according to the "wall street journal," could potentially see a return of more than $100 billion in capital in the form of share buybacks and dividends from some of the biggest banks in the country. welcome, marty, nice to have you here. >> thanks for having me. >> let's start with why the banks would want to do this. we've kind of outlined the way they might do it. what would compel them to do this? >> well, what the banks are looking to do is to get back to being able to manage their companies like all other industries for the most part. where you can look at your capital, your balance sheet and

not be looking over your shoulder at the regulators to make sure you're not having to flinch. as we're moving forward, we've built a lot of capital. we've seened an historical. a liquidity. the banks are moving forward and taking the reins back for the regulators at this point. >> are the banks really in a firm enough position to start paying out some of the extra capital that they've to store? are there leverage positions now healthy enough that they can do it? it was really leverage that is so often the case, killed them. >> well, when we look at leverage, you have to make sure you look at the two different pieces of leverage. one is capital. building capital. $100 billion that you talk about is over the worst-case scenario that the fed can come up with in stress testing the positions. what really matters is liquidity. you've seen $2.5 trillion

increased liquidity come into the system as we have other deposit growth. the bank are in a position to start looking to move forward and get past the anxiety that framed financial crisis we just went through. >> if there is the an tied to roll back some or part of the dodd frank resolution. there's still the federal reserve. still stress test and thing like that. how would that fit into the overall there equation? >> well, this could be very simple. we don't have to repeal the whole thing. we need on change two numbers. that will address the majority of where the problem is. the unintended consequences of dodd frank has overly burdened community and regional banks. they wrote the law so that the thresholds were at $10 billion and $50 billion. all the things that you mentioned. what do you do when they fail?

we need to take $10 billion and move to it $50ball. take the $50 billion and move it up. >> could it really be pushed through fairly easily. >> on that note, thank you very much. >> hasbro toys, a strong demand for dolls based off the movie frozen i know what its easy bake oven products has easily topped estimates. 12% to 57 cents a share and look what shares did today. up 14% to $94.31. the luxury jeweller tiffany. its chief executive has stepped down from his role following the disappointment with recent performance. tiffany said the chairman will

take over as the interim ceo. the consumer company newell brands caused sales more than doubling but the results still missed wall street expectations. the owner of yankee candle and elmer glue understabrands said raise the price. and the meat producer tyson foods topped expectations. it posted better than expected sales. gave upbeat guidance for the year. it recently received a scene that from u.s. officials. it believes is related to allegations the company engaged in price fixing. and that sent shares down 3% to 63.13. food distributor cisco said higher margins led to better than expected profits in the latest quarter.

the company sales rose but the results were not quite good enough to beat estimates. shares finished down. >> the company that develops pet medications said in a regulatory filing the central for veterinarian medicine has requested additional information regarding that company's appetite stimulation drug. they said they now expect treatment to be delayed until the end of the year. the shares plunged 18%. pharmacy benefits manager express scripts fell to just under 4%. a more than 25% decrease from the year before. it negotiates drug prices for the health insurers and employers. shares rose just a fraction to 67.40. and walt disney's ceo bob iger may be considering staying on longer as the entertainment giant as there is no successor in place. he is currently slated to refire

in june of 2018. disney shares fell fractionally. the dow component reports earnings tomorrow. >> toyota said its profits could grow almost 10% this year. the company raised its earnings outlooks after reporting disappointing quarterly results. more on the outlook and why could it get more attention of president trump. >> toyota is in a tough spot. earnings for 2016 fell 23% as the company sold fewer vehicles. this year, profits are expected to grow almost 10%. due largely to the weak japanese yen which helps the profitability of vehicles built in japan and exported to markets like the u.s. the weak yen is also a long time complaint of the ceos of the big three. they believe the yen allows toyota to be more aggressive with rebates and incentives and they say it ultimately cuts into sales and profitability for gm,

ford and chrysler. it is a complaint toyota calls false. the bigger issue for the japanese automaker could be president trump. he has blasted toyota on twitter for building a plant in mexico will export cars to the u.s. so far toyota has said, it is not those plans. about half of the vehicles it sells in the u.s. are built in the u.s. in addition, the company is expand calgaan expand calgary pass at this at a plant in kaelg. >> the weakness of the japanese yen could be topics discussed this week by japanese prime minister are shinzo abe and president trump. they are scheduled to meet friday at the white house. "nightly business report," chicago. coming up, e-lon musk isn't the only big thinker in his family. what his brother is doing to change what the world eats.

call i had a food resolution. when you think of farming, you probably imagine farms in the midwest. what about in a parking lot in brooklyn? a new start-up is working to write fresh produce to city residents. andrea got a look at the first urban farms. >> in the shadow of the new york housing project.

>> this is a farm. >> urban farming. instead of roof tops, the food is grown inside shipping containers. >> inside each shipping container is the equivalent of a two acre outdoor field. snis business is square roots grow. designed to help entrepreneurs capitalize on what he predicts will be a real food revolution. >> people have lost trust in the the system and they will want real food. and we think that opportunity that presents itself today is bigger than the internet was when we both started our careers 20 years ago. >> the food is grown vertically on these white powers the contain the crops without soil. >> he is probably growing 18 head of lettuce on every tower. >> the environment inside is totally controlled. from the length of day flight night rents which are mixed in from water.

>> we don't use pesticides or spray. >> the entire system engineered to use the fewest resources as possible. like these pink l.e.d.s with just the right spectrum of light for growth. >> i have a salad mix. >> he is a former banker turned urban farmer. >> i think the highlight for my weak is to do my harvest, package it up and to bring it to people. >> and square roots works direct when i farmers to help make that happen. coaching them how the grow and and he will takes percentage of the revenue. >> it is three hours since it's been cut. i have no idea. >> this is a global mega trend. >> and how big does he think it will be? he is planning to build urban farms had 20 cities by 2020. i'm andrea day. >> 111 million people watched the new england patriots make super bowl history last night. but the team's come from behind

win may not bode well for investors. that's according to the super bowl indicator. maybe you've heard of it. an unscientific forecasting tool says stocks will fall if a team pr the original american football league wents the game. and this year, that team was the patriots. the indicator has been correct 40 out of 50 years. that is an 80% success rate. but you knew that. >> hang on to your jerseys. finally, the jersey that quarterback tom brady was wearing in last night's game is reportedly still missing and it could be worth a lot. according to bloomberg, one sports collectible said the super bowl's mvp jersey could be worth upwards $500,000. wow! that does it for us tonight. thanks for joining us. >> have a great evening. we'll see you tomorrow.

>> "nightly business report" has been funded in part by -- >> all it takes is a spark. one idea to take flight. the courage to seek the unknown. to innovate, disrupt, to move us all forward. to explore a different perspective. at nasdaq, we connect the world, its ideas, its capital, its businesses, the people who drive global economies. the future isn't tomorrow. it's right now. all it takes is a spark. nasdaq.

>> this is "bbc world news america." funding of this presentation is made possible by the freeman foundation. newman's own foundation, giving all profits from newman's own to charity and pursuing the common good. kovler foundation, pursuing solutions for america's neglected needs. and aruba tourism authority. >> planning a vacation escape that is relaxing, inviting, and exciting is a lot easier than you think. you can find it here in aruba. families, couples, and friends can all find their escape on the island with warm, sunny days, cooling trade winds, and the