thanks for joining. >> i'm bill griffith. we'll see you tomorrow. >> announcer: "nightly business report" has been funded in part by -- >> all it takes is a spark. 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 capitals, its businesses. the people that drive global economies. the future isn't tomorrow, it's right now. all it takes is a spark. nasdaq.

>> i'm bill griffith. oil having the worst day in more than a year. about 13 months.ine? trying to hold $50 a barrel. >> back to mid-december. >>> broader market in a bit of a holding partner as gop leadership

. >> i'm bill griffith.n your bullet journal tonight. >> that's a very on-trend reference. >> thank you so much. >> if we hadn't had the one down session for the dow a couple days ago we would be up 14 in a row. the fact that we're up this much after being up for s

. >> i'm bill griffith. a busy day. we're following four key stories at this hour and will do so over the next couple of hours. here in the u.s., president trump meeting with the congressional black caucus behind closed doors. we could get comments from the president within the hour. also on capitol hill, there are last-minute efforts to garner support for the gop health care bill before tomorrow evening's scheduled house vote. >> yes. if it happens. overseas we are watching for new details on the fatal london attack that's put the entire parliament area on lockdown and of course the market reaction to all of these stories as we follow them into the close. >>> let's start, as you see the dow down 15 points with the latest developments on the health care reform package. as it stands, kayla tausche is in washington with the latest. >> opponents of the health care bill are facing just about 24 hours before the vote is expected to happen on the american health care act. first you have the president hosting the majority whip

>> i'm bill griffith. oil having the worst day in more than a year. about 13 months. what's behind the 5% decline? trying to hold $50 a barrel. >> back to mid-december. >>> broader market in a bit of a holding partner as gop leadership looks to gain support for its health care bill and president trump is talking drug prices with the ranking member of the oversight committee right now. we'll bring you the latest out of that meeting coming up. >> see what they talked about. a billionaire real estate developer who says he turned down president trump's proposal to build a wall on the mexican border. he will join us to talk about his relationship with the commander in chief and whether mr. trump's negotiating skills will come in handy as he tries to get tough bills passed in congress. >>> first the ying to elon musk's yang. j.b.straubel on the company's energy push in hawaii. and diane greene, the co-founder of vm ware will join us and talk about how google is taking on amazon web services. >>> back on track. starting with appaloosa's david tepper. making headlines after s

. >> i'm bill griffith. a busy day.llowing four key stories at this hour and will do so over the next couple of hours. here in the u.s., president trump meeting with the congressional black caucus behind closed doors. we could get comments from the president within the hour. also on capitol hill, there are last-minute efforts to garner support for the gop health care bill before tomorrow evening's

. >> i'm bill griffith. this is one to write about in your bullet journal tonight. >> that's a very on-trend reference. >> thank you so much. >> if we hadn't had the one down session for the dow a couple days ago we would be up 14 in a row. the fact that we're up this much after being up for so many -- it's unbelievable. >> stocks soaring after the president's address to congress last night. we'll go over what he said that has investors so excited today. up 350 points. 12,000 f 21,000 for the first time ever. we passed 20,000 35 days ago. it was january 25th. >> seems like calendar days? >> i guess. i don't know. >> it's been so fast. >> it's very fast. >> the quickest one ever, was it 21? it was back in the '90s. we have dow components like apple, home depot, 3m and visa trading at record levels. financials leading the rally. goldman, jpmorgan and wells fargo hitting all-time highs. >> $3 trillion of wealth has been created in the stock market since the election. we'll talk about whether there are still opp

i'm kelly evans along with scott wapner in for bill griffith. >> our panel today. scott, to you first. how would you describe not only the fed's decision today but the market reaction thereafter? >> well, the fed decision was pretty much what we expected. so was the q & a around that. i think the market reaction, there was some segment of the market that expected dramatically revised forecasts and many people found themselves too short of u.s. bonds. we were not of that position and were not positioned that way. the market was expecting something much more hawkish than what they got. >> they do seem to like the positive talk about the economy. chair yellen responded that the data have not notably strengthened. we think we're on the same path and then said quite explicitly, the simple message is the economy is doing well. i think people can feel good about the economic outlook. that coincided with us going up above 100 higher on the dow. >> i think everyone feels good about the economy for are waiting for chair yellen to sort of put a nail -- whenever i say nail, i

. >> i'm kelly evans and this is bill griffith. >> snapchat ipoed today and it has been a huge success so far. >> it's up 50% from that price of $17 we told you about after the show yesterday. it's pretty much sat up here all day. we'll have a lot more on it as we head into the close. >> bob pisani joining us with a look at what has been a successful ipo. a lot of questions, but focusing just on the number, they look good. >> bill with whiskers, a total turn on. this is where all the action happened. so remember, priced at $17, but opened at $24. 40% more. and it's held up, we're about $25 right now. traded almost 200 million shares. that's how many shares they floated. anytime you trade the 234r0eflo that is big volume. looks like we'll close above the initial price. why did it do so will? three reasons. number one, stock market is at a new high. and number two, there has been a lack of ipos out there. here it is coming to save the day. and finally, it has a small float, only 14 respect about % . $35 billion market cap, that is the top third of the s&p. they're not in the s&p, but loo

this is why morgan griffith's bill is good. we're going to continue to fight on this. yet to have a p.b.m. tell me i'm wrong here. i know from your experience it's true as well. and with that, our other friend from georgia, austin scott, comes to the floor to talk about his experience with this as well. mr. scott: i had several parents in my office today. i thought i'd talk about a couple of the meetings i had. had a father there talking about his son, gabe, had a t-shirt on with h 4 g, hope for gabe. i listened to him talk about his son and the life threatening disease that his son has and the threat that his son is under. the threat his son is under because of a u.s. pharmaceutical manufacturer named marathon. i'd like to report an email -- read part of an email. i hope you're well, i want to let you know my son gabe takes a he has l delplazacor, since he was 5 years old, he's now 11. three-month or a supply. we're getting it from europe available as not here in the united states. the f.d.a. approved the same drug for sale in the united states. what did the drug manu

griffith votes no. mr. bill racks. mr. bill rackice votes no. mr. johnson. mr. johnson votes no. mr. long. mr. long votes no. mr. buchon. mr. buchon votes no. in flores. mr. flores votes no. mrs. brooks. mrs. brooks. mrs. brooks votes no. mr. mullin. mr. mullin votes no. mr. hudson. mr. hudson votes no. mr. collins. mr. collins votes no. mr. cramer. mr. cramer votes no. mr. wallberg. mr. wallberg votes no. ms. walters. mrs. walters votes no. mr. costello. mr. costello votes no. mr. carter. mr. carter votes no. mr. pa lone. mr. pa lone votes aye. mr. rush. ms. eshoo. ms. eshoo votes aye. mr. engle. mr. green. mr. green votes aye. ms. deget. ms. deget votes aye. mr. doyle. mr. doyle votes aye. ms. schakowski. ms. schakowski votes aye. mr. butterfield. mr. butterfield votes aye. ms. matsui. ms. matsui votes aye. ms. caster. ms. caster votes aye. mr. sarbanes. mr. sarbanes votes aye. mr. mcnerny. mr. welch. mr. welch votes aye. mr. lieu han. mr. will you han votes aye. mr. tonko. mr. tonko votes aye. ms. clark. ms. clark votes aye. mr. lob sak. mr. lob sak votes aye. mr. slader. mr.

the bill was pulled from a vote on the house floor just a little while ago because republicans didn't have enough votes to pass it. joining us now republican congressman morgan griffith of virginia. he's a member of the house freedom caucus. he was going to vote for the bill. congressman, thanks for joining us. >> glad to be with you. >> so, the republicans, they control both houses of congress. they control the executive branch, the white house, the presidency, what is this defeat? and it's a significant defeat, say about the ability of republicans right now to govern on such a critically important issue? >> well, surely we can govern today as a stumble obviously, but the bottom line is the legislative process is supposed to be a rough-and-tumble process. we're not just going to put a bill on the table and say, here it is, you can pass it now and read it later, we'll find out what's in the bill after we've passed it. we're not doing that and as a result of that there were a lot of questions coming from members of the republican conference left and right, everybody is conservative, but within the spectrum. and the bottom line is the votes were not there. that does no

griffith is working with me, and dr. bucshon has been a leader on this bill. and we do nothing but to address the costs, and, in fact, that is where the money is. if we start to bring down the cost, it is going to be making things much more possible for us to get health care delivered to the people who need it. one of the areas where where cost is totally, ploeding is farm suitle cal drugs. just think about it. suvalde to treat hepatitis c is $12,000 for a 12-week treatment course. and touring pharmaceuticals, because they bought a company that had a drug selling for $15, it ended up being sold right after the company bought it for $1,500. epipen where parents in vermont contacted me, and this is about providing the what a child needs when they are going into shock. that is sold for $600 and 400% more than just four years ago, and that company that is head kwart quarter ed in the netherl and u.s. company mylan sells the same eitem in the netherlands fr $100. we are getting ripped off. now, the costs that what we are spending on, and what we are spending on far