please welcome me in joining gary cohen. [applause] >> thank you very much karen and thanks for having me here today. it's great to be back with you and to speak to some of our most important business partners. i know we have all been working very hard over the last several months to make sure that as many americans as possible have access to secure quality affordable health coverage and it feels as though we can see at least one finish line looming ahead of us at the end of this month. i know we will all be grateful when that time comes. no one more than me since it means i'll be able to go back home to california. i just want to emphasize how much we appreciate all that you have done and how much we recognize that we could not have accomplished what we have accomplished so far and what we are continuing to do in the future without all of your hard work and all of your help. we have edited it from everything that you have done working with us to make improvements to healthcare.gov from the time that open enrollment began in

gary cohen the soon to be former director says quote that is not a data point we are collecting in anyort of systematic way. the president is still hitting the airways to get people to sign up. >> if everybody waits until the last minute, everybody waits until march 27th or 28th then in some ways it's a self fulfilling prophecy. if you had 5 million people going on the web site at the same time even if it's a great web site working well now yes there are going to be delays because there are only so many people any web site can absorb at a single time. >> the president said despite the glitches the law is working the way it should. you may be used to seeing pretty big name celebrities either tweeting or mentioning the law in interviews. how much is this all really working? 49 percent of people are pessimistic about the law. 45 percent say they are scared and 43 percent say they are angry. don't think the bombardment will stop. huffington post will hold 4,000 events in the next few weeks hangi ranging from bus tours to sweepstakes and mass sign upevents. >> the controversy over the cross

gary cohen said thursday overall he's encouraged enrollment is picking up, though he did not have an answer when asked how many of the enrollees were previously uninsured? >> that's not a data point that we're really collecting in any sort of systematic way. >> an aide to nancy pelosi charged house republicans will now regret they have scheduled the 51st vote to try to repeal the law. though republicans are already preparing campaign ads featuring a comment pelosi may regret. >> we have to pass the bill so you can find out what is in it. >> the full context is she said she wanted everyone to read the bill away from the controversy. but the controversy goes on with just three weeks until the enrollment deadline. >> stocks were mixed. the dow gain 31. the s skn p 500 was up 1. the nax daz lost 16. the s&p 500 gains 1. nasdaq finished ahead two thirds of a point. >> breaking news out of ukraine. armed men believed to be russians drove a truck into a ukrainian missile post in crimea and took control of that post. reports say no shots were fired there. >>> meantime, momentum seems to be b

gary cohen is president and chief operating officer of the firm writing an op-ed outlining four wayssystem. he writes the equity market needs a stronger safety net of controls. secondly, there need to be incentives created to reduce excessive market instability. third, public market data should be released to everyone at the same time. and finally, the exchanges should provide a uniform system for clearinghouses to limit risk. so will cohen's proposal get the attention of the exchanges? cnbc's bob pisani joins me along with the panel to weigh in. will cohen's piece be the catalyst for a change? >> this is all not an accident that snyderman comes out with something, gary cohen has an editorial. michael lewis has a book coming out in a week and a half. we're getting a mini boomlet in discussion on market structure. i think it's terrific. it's about time we had a discussion. mr. cohen has a couple good points. i'm in favor of a kill switch. a kill switch would say if things go crazy with your algorithmic trading, you find a quick way to shut it off. >> chris, what do you make of all thi

gary cohen is leaving his position at the end of this month. think he is the guy who oversees these exchanges and he is leaving. was he pushed? did he jump? was fired? what is going on? >> who knows? nobody has been fired yet for the disastrous rollout which even the president said the rollout was terrible. here is somebody else, going back to the private sector without paying a price. he was to chile in charge of the web site but he said he got bad staff briefings. what manager watching the program today is going to get away with at as an excuse for a product lunch? stuart: if it was private enterprise it would be a different story. pete rossham wants and inspector general, listen to this. >> $1.8 trillion, as you and i are talking today there is not a single oversight entity that has the capacity to oversee it also is limited and fragmented and the administration has been anything but forthcoming about the details. stuart: if this is an inspector general looking at the obamacare project is that the same as an investigation of the obamacare pr

let's listen to what gary cohen had to say.ople as to give many options as they could to make sure they stay in coverage. been a lot ofhas discussion about the fact there have been people who have health insurance who were feeling the cost of moving into a new plan would be prohibitive to them. transitionprovide a and are making changes in the market all at once and we want -- the lastweek thing we want is anybody who have health insurance not to have it. we've done everything we can to provide options so those people can move into a planter the marketplace of they are eligible for a tax credit. they may find it's less expensive than what they had. host: as i understand it, he is planning on stepping down? guest: he is resigning at the end of march and says that has nothing to do with the problem's of obamacare. a wrenchingthis is change to the health care system, the biggest overhaul of u.s. health care since the creation of medicare and medicaid in the 1960's. to administration is trying roll with the changes, to be flexible

gary cohen testified the payment systems are not built. there are issues that are still happening. jon: as ronald reagan said, trust by verify. >> yes. jon: ellison barber from the "washington free beacon." thanks. jenna. jenna: we'll show more of the video coming up and show our viewers what they think. >>> "beverly hills cop" is suing the city. he says he was fired for being whistle-blower. what another officer said in a hotel room where whitney houston was found dead. >>> frightening scene at last night's dallas stars game. fans left shocked after a player collapses in the middle of the game. >> something is happening at the dallas bench. there's a, there seems to be an extreme situation at the dallas bench. >> it is pandemonium an panic over there. captain obvious: i'm in a hotel. and a hotel is the perfect place to talk to you about hotels. all-you-can-eat is a hotel policy that allows you to eat all that you can. the hotel gym is short for gymnasium. the hotel pool is usually filled with water. and the best dot com for booking hotels, is hotels.com. it's on the internet, but

health insurance regulator gary cohen set to resign. he testified on capitol hill about the rollout of healthcare.gov. health insurance regulator was accused by congressional republicans of misleading them before the start of the insurance website. director iwn as the center for consumer information and insurance oversight. the website, the exchange -- it is more like an e-commerce site like amazon. it needs to be run like that. you need a ceo type figure who can get up every morning and focus on what is best for the customer, how to get more organize in, how to and regulate the product being sold. that person needs to be in charge. successful again, as exchanges at the state level, they cap typically been run by someone who is a former insurance executive or someone who has got experience running a previous exchange. that is the model we ought to go for. this is like a business. you have to constantly be innovating and improving the product. it is not like a government program that once you have got the rules you just administer it. it

there are ideas from gary cohen from goldman sachs. from the industry with specific prescriptions about how to deal with it. >> and that may be the best way to address it. got to leave it there for now. eamon, appreciate it. i know you have been covering this issue for that while. >>> how did the first quarter fare for the average investor. we will ask them if they believe author michael lewis that the stock market is rigged against them. >>> first, are consumer of diet soft drinks trading calories for heart problems? a new report hinting at just that, especially for women. the study has implications forred soda business, health care, and probably someone you love. we'll be back with details right after this. after this. opportunities aren't always obvious. we'll be back with details right after this. after this. cme group can help you navigate risks and capture opportunities. we enable you to reach global markets and drive forward with broader possibilities. cme group: how the world advances. ...return on investment wall isn't a stree

emily chang will talk to eric schmidt and google ideas -- ideas erector gary: tonight. jered cohen.ullo catch conversation tomorrow at 1:00 and 6:00 eastern time. still ahead, then horowitz -- on how writing a book has helped him become a better investor. hour. inutes after the am alix steel. the s&p slipping into positive territory recently. the dow down a little bit. the market taking up for earlier losses. the a deeply him -- adp employment data coming in light but investors shaking it off. within the s&p, financials in the industrials gaining strength. on the markets again in 30 minutes. ♪ >> you are watching bloomberg "west." erlichman. getting straight to your bloomberg top headlines. new chiefrching for a information officer. the new executive will replace beth jacob. verizon tops its rivals a network performance according to a new study. six-month review of reliability, speed and data and call quality scoring 90 out of a hundred. facebook stepping up enforcement of post them sales and other regulated items. facebook says it will delete posts where users declare a willingness

. -- talking about these latest delays, we heard gary cohen talk last week about why delay extensionsor people. i want to listen to what he had to say and then break it down for us. >> we wanted to give people as many options as they could so they could stay in coverage. there has been a lot of discussion about the fact people who had health insurance were feeling the cost of moving into beew plan was going to prohibitive for them, so we're trying to provide a transition. we're making a lot of changes in the market all at once. the last thing we want is to have anybody who has health insurance coverage to not have it here and we have done everything we can to provide options. those people can move into a plan through the marketplace if they are eligible for a tax credit, they may find it is less expensive than what they have. he recently said he is planning on stepping down. is resigning at the end of march, and he says that has nothing to do with the with obamacare rollout. it is the biggest overall u.s. health care since the creation of medicare and medicaid in the neck and 60's. th

gary cohen from goldman sachs as an op-ed out and made some comments this morning in australia. i think he's on vacation now, right? i don't know. but he made comments about how he thinks there is another potential crisis in the works. he talked about shadow banking and all sort of other on things. ultimately, when you think about every financial crisis, it's a function of debt, it's a function of leverage. >> where does he think the problems for the next crisis is coming from? people who aren't being regulated? >> for obvious reasons, given that he is highly regulated, the comments he made this morning were really about shadow banks. but i would argue that part of the -- yes, there's the shadow banking system, but you need the banks to loan some of the shadow banks, if you will, some of that money to actually get -- >> so you're talking about regulating not banks further, but regulates those who are skating around the regulations at this point. >> that, too. that's a separate issue. >> i think you have to look to see where the next bubble is building. if there are areas not bei