. >> for more on this breaking news, i want to bring in bloomberg sahil kapur on capitol hill. no vote tonight? vote tonight joe. we heard moments ago, i heard from a senior republican sources informed there will be no vote tonight. this is a huge set back for speaker paul ryan and president trump. their first big initiative. they've been barreling to this a few monthsst for years. several they simply do not have the votes. >> we do though that the trump presented their final offer to the freedom caucus this morning. was it in that final offer that didn't pass muster? would not sure i characterize it as a final word. the official word from them and including from the freedom caucus negotiations are ongoing. a lengthyaving meeting on capitol hill. was in the offer was to repeal the regulations in the affordable care act that conservatives dislike and want to see gone. lowerelieve it will costs. insurance companies to cover 11 benefits in every sell.nce policy that they conservatives want this gone. they have all sorts of problems thise senate getting through. there was an appeti

julie: thank you sahil kapur.coming up, the dutch head to the polls on wednesday to vote in the new legislature. the turkey can't miss. this is bloomberg. ♪ julie: "what'd you miss?" find all of the following charts using the function at the bottom of your screen. what's a good the house -- household wealth to income ratio. i thought this was good to talk about today. both growth has outpaced it -- wage growth, it is at six and a half, highest on record. when you talk about income, that is obvious. when you talk about wealth, it is property value with stock value. not necessarily surprising that we are seeing that ratio at such a high level. incidentally, it last reached this kind of a level just before the recession. prior to that it was during the housing bubble in the early 2000's. we have seen this happen before, does not mean we'll see -- we will see a pullback again. it is interesting. joe: it is interesting, the degree to which this recovery boosted assets more than income. i am looking at eu go, i am excit

joining us is national political reporter sahil kapur. e aisle, tell us about it, because until recently he had not even spoken with chuck schumer. sahil: that's right, vonnie. president trump is sending signals he wants to work with democrats after the failure of the health care bill. it will be very difficult to pass any major pieces of legislation in congress with only republican votes. speaker ryan, despite having a significant majority and houston was not able to get it through because the conference is divided between the moderates and the ultraconservatives, who have a lot of influence there. is ascendingmp early singles that he wants to shift direction but democrats are skeptical for a number of reasons that he really means it. vonnie: who else has the president spoken with in this regard and who on the other side is amenable to taking those calls and listening? sahil: the president has not spoken to any democrats on a consistent basis before on any particular issues. my colleagues spoke to a few democratic senators yesterday, incl

mark: sahil kapur joining us from capitol hill.uctuated late in the session as the health care vote was pulled. we will have more investor reaction when we return. ♪ mark: a live shot of the u.s. capitol, the center of the universe today. a lot of developments today. this is "bloomberg markets." we continue with the special coverage as house republicans scrap what was a highly anticipated vote to repeal and partially replace obamacare. this after president trump and speaker ryan concluded they did not have enough support for the plan. for more on how the markets may respond and how investors are anticipating the president's next policy move, we are joined by matt maley, equity strategist , who joins us from newton, massachusetts. thank you for your time today. when the opening bell sounds on monday, how are the markets going to react to this? >> it is hard to tell. it is funny how the market bounced back as soon as the news came out that they canceled the vote. many people thought it would be positive because now the president and

let's bring in a national political reporter covering the health care debates, sahil kapur, on capitol this market selloff and a bunch of people saying that there is this new concern about the fate of all of trump's legislative agenda. has something changed? is there some new reason that happened today that we did not know yesterday about how imperiled he's tax cuts and spending plans are? sahil: not if you were paying attention, joe. everyone who follow the health-care debate new this would be extremely complicated. 80 years tocrats pass and major overhaul the health care system and republicans are trying to undo that. this should not be a surprise, but understandably, the fact that republicans won the 2016 election, all branches of it, they set this forth as their big agenda item after campaigning on it for the last 4 elections, sure, there was expectation they would move quickly on it. probably false, but that was the expectation and the fact that it has taken so long seems to muddy the waters ahead for what is to come. scarlet: right, and the chatter now from republic and congressm