bertha coombs decided to take a look. >> reporter: congressional leaders and the white house celebrated the passage of the american health care act, saying by repealing affordable care act regulations, they will be able to bring down premium costs for americans. >> people are suffering so badly with the ravages of obamacare. and i will say this, that as far as i'm concerned, your premiums, they're going to start to come down. >> reporter: one of the ways the house bill does that, letting states opt out of aca insurance benefit requirements to allow the sale of less costly plans. for insurers, that adds new complexity. >> at this point there's so much uncertainty, we're still talking about state waivers. it's not clear what the states are going to do as a consequence of that. >> reporter: the bill also gives states the option of taking those with preexisting conditions, dropping coverage, and putting them in high risk pools, providing money through 2026. that funding could cover about 600,000 people a year. but in texas alone there are 200,000 with preexisting conditions that would quali

bertha coombs with the latest. hi, bertha. >> amazon stocks helped lift the stocks to a new high. they have helped large cap fund managers achieve outperformance to the overall market. they've really sort of caught up in that area. active fund managers are now about 24% overweight in large cap tech. that's the largest overweight they even been since 2008. it doesn't hurt that amazon and fail bet are at all-time highs. facebook has been a little laggard in this group, near 8% gains with other fang members. apple, they don't really touch on, but coming into this month, ubs noticed that most fund managers still had apple at left than marketweighting, and when you take a look at where the institutional ownership is according to the most recent data, you could almost, almost make an argument that institutional ownership of apple and even amazon at these prices remains well below the rest of the fang names at about 64% if that is an argument that could be made at these prices when they're at all-time highs, carl. >> bertha coombs. thanks so much for that. alphabet at all-record highs. m

as you know, our bertha coombs is at the nasdaq every day and that is right around where this accident occurred or this incident occurred, so let's bring bertha in. bertha, you've had a chance to really talk to some people on the ground. what are you hearing and she'll be with us in just a second. we're still working the situation. as we look at these live pictures, we did see police arrest a person. we do not know whether that person was involved in this particular incident or not. as you look at another vantage point of times square. reuters has an interesting vantage point because that is where one of their offices is located. bertha, are you with us now and what are you hearing and seeing? >> yes, i am. i am right now standing -- >> you know what, i think we're getting some interference from the sirens there, but i will toss it back to you, scottie, with a still developing story. wnbc is working it, we are working it, reuters reporting one fatality, multiple injuries. the last count was ten. i'll toss it back to you. >> i'm just looking, sue, as some accounts coming on twitter via

. >>> good morning, i'm bertha coombs live from cnbc world headquarters with your top business headlines. futures are indicating a higher open on wall street this morning but before the open we'll be getting a boat load of economic data starting with weekly unemployment claims that are out at 8:30 a.m. eastern time. we'll get numbers on the trade deficit, productivity and labor costs and the latest figures on factory orders, that's ahead of the big number this week, the april jobs report due out tomorrow. stocks closing mixed but near the highs of the day yesterday. the dow eking out gains for the second day in a row. the real estate sector was the drag. financials were the leaders after the federal reserve announced it was keeping interest rates unchanged. the dow gaining eight points to close at 20957, the nasdaq down 22 to 6072. google's warning gmail users about spam messages that contain malicious links. the company says it's investigating widespread reports of e-mails asking recipients to click on a link and review a document in google docs, the e-mail appears as if it's coming fro

. >>> good morning, i'm bertha coombs at cnbc headquarters.ays it's creating a $1 billion fund to promote advanced manufacturing jobs in the u.s. apple ceo tim cook revealing the program on wednesday in an exclusive interview with cnbc's jim cramer. the company will announce the fund's first investment. bear in mind apple has $250 billion in cash. with your cnbc morning business report i'm bertha comes. >> thank you, bertha. >>> it is now 5:56. new this morning, if you don't have a land line number at home and only use your cell phone, you are now in the majority of americans. the cdc surveyed homeowners during the last six months of 2016. more than 50% did not have a land line but did have at least one cell phone. that number is even higher for renters. more than 70% of renters between the ages of 25 and 34 only use ceph >> no. >> do you have a land line? >> i do have a land line. i guess i'm old school. >> having kids, in an emergency or something i worry if i have to call 9121 i needed a land line. >> i don't like everybody to have access t

. >>> bertha coombs tracking tech stocks from the nasdaq. >> tyler, nasdaq seemed heavy volume particularlyhe nasdaq 100 on pass if we continue for the largest volume day of the year trading to the down side of what could be the largest decline of the year. we're seeing small caps among the biggest losers, but it's really the big caps, the chips that are the biggest decliner, and that is also spilling over to the very large caps like apple, the mehta caps, amazon, the biggest gainers this year. today they are responsible for about two-thirds of the decline on the nasdaq 100. there are few stocks you'll find in the green here. bucking the trend including jack-in-the-box after better than expected bernings and saying it may look to spin off its qdoba unit. dish on reports working with amazon on wireless and ehealth getting a boost. cms and medicaid actually new rules that make may it easier for ebrokers to seen people up for obama plans for next enrollment period. back to you. >> all right. thank you very much. >>> stock investors, the worst day since last september. capturing america's atten

. >>> for more on today's movers let's get out to bertha coombs at the nasdaq. >> thank you.daq notching a new all time high, but amazon continues to be the power here. yesterday, topping out at 999, a dollar shy of the $1,000 mark. but amazon would not be the only one in the four digit category were it to hit that number. if you ask alexis the highest priced stock is priceline. and not far behind chasing that four digit number include alphabet. but really it's about size here at the nasdaq. when you talk about impact, what has been moving this market towards all time highs. it's the biggest -- big cap techs. facebook, alphabet, amazon, of course. they represent 60% of the nasdaq 100s gains year to date. and nearly 40% of the s&p 500's gains so far this year. back to you. >> a big part of the story. thank you. let's head out to the bond pits, rick santelli at the cme group in chicago. >> good morning, sa ra. you know, there hasn't been a lot of volatility with rates but that doesn't mean there's not good activity and that you shouldn't pay attention. it's at a level that's ba

bertha coombs has the damage for us. >> reporter: going in the other direction in a big way.he nasdaq has risen to record highs this year on really small percentage moves. today we're seeing the biggest percentage move of the year up or down, and it is on very strong volume. the strongest volume are in the biggest decliners, particularly when it comes to big cap tech technology and big cap chip stocks in particular. look at the philadelphia semi conductor index and look at some of the biggest decliners here on the nasdaq are names like nvidia and micron. that said, the chips are the best performers this year. nvidia is up more than 20% month to date. a lot of traders are saying there are worried but it is seen as an opportunity today to take some chips off of the table quite literally, take some profits and names that have been doing well such as apple today, trading on very heavy volume today. seeing its biggest down side move in well over a year today for apple. but, again, apple still up for the month, up for the year. it has been one of the leaders in this technology rall

let's get more from bertha coom coombs. >> one of the contributors today is the an lag devices whichnalog devices which hits a new 17 year growth. top and bottom line beats. this is an apple supplier and the results include the -- sort of the linear technology acquisition which is actually closed during the quarter. chips overall have really been what has been powering the big move up in tech and where we have seen a lot of those active fund managers move in to big cap tech. about 9.5% for the month. the best performance we have seen for chips since last july. chips have only been down three times in the last year. so that's where people have been chasing growth. we get another all-time high today for nvidia right along with a 17 year high for the chip index. mylan is seeing some pressure these days from pension grounds. they are recommending six board members not be re-elected over high pay, including the chairman who collected some $100 million will year. has not impacted the stock of late of mylan. no stranger to controversy. we have biotech on the other hand, has been where peopl