john harwood, how is this going to be received? very forceful speech, very well delivered by benjamin netanyahu. this is somebody who knows america very well.e@x%%ma very . his argument had a lot of clarity to it. he said, know the alternative to this deal is not war, a much better deal, said the deal would not block iran's nuclear ambitions, it would pave the way for iran's nuclear ambitions. very well put together, well received on capitol hill. it's not going to be seen by a very large number of americans. it's a speech in the middle of the day. it will get coverage on the news tonight but we know that americans are watching news in decreasing numbers. the effect on public opinion is hard to gauge, but i think benjamin netanyahu did about as well as one could have hoped from his point of view. >> he was, john, denouncing the very deal that president and the secretary of state john kerry are in switzerland currently negotiating. do you expect his forceful words to have an impact on how those talks proceed. >> i don't. remember, i

joining us is john harwood from washington tonight. i guess that really is the key question john, what happens next? >> well sue, as you just indicated, the treasury department has several months worth of what they call extraordinary measures which prevent them from breaching that borrowing limit. we expect those though run out october, november maybe. then you'll have the question of whether the republican party is going to try once again to go to battle with the administration over the debt limit. my bet is that they don't, or they fake it for a while, and then cave. but we're going to find out. and a lot of people getting nervous about it. >> how divided is the republican caucus in the house and the senate because on the one hand they tend to want to go back to those 2011 spending limits on the other, they don't want to be seen as shirking on expenditures for the military. >> tremendously divided, tyler. especially between their leadership and the more vocal and active members of their base. ted cruz in the senate a couple dozen peop

john harwood joins us from washington. john what was the medicare reform that the house passed today? >> reporter: first of all, y it got done but with 392 votes out of 435 members. that's an extraordinary level of support for any member in the congress. what they did was regularize the patients for medicare patients. it was interrupted by a formula that didn't pass back in the 1990s and the result was that doctors were uncertain about their incomes and medicare beneficiaries uncertain about doctors as a result. that's a bad formula for politicians and that's why ultimately this $200 billion package was agreed to by both parties. john boehner and nancy pelosi. >>> now, here comes the senate. and what happens next? >> there are some objections by some democratic senators in particular to the fact that the children's health insurance program which is part of this deal is only extended for two years rather than four. some question about abortion language. it looks like it's not going to be able to pass tonight before lawmakers

john harwood in washington. >>> a $5 billion deal tops tonight's market focus. dow chemical and a spinoff and merge both of its chlorine business with olin corporation. the deal makes olin the largest producer of core alkali used in the textile and automotive businesses. the ceo said the deal was a no brainer. >> this deal structure is a win win win. dow shareholders win. olin shareholders win. the combined company becomes number one in their business and dow shareholders end up earning 55% of it so they get to participate in the new growth company. >> shares of both companies up strong today. dow chemical gaining and olin higher by 14% to $31 even. blackberry surprised with a fourth quarter profit but revenues missed targets. the one time leader in the smartphone market say the plan to reinvent itself is mobile security for corporate government users is still on track. shares of black berry up nearly 2% to $9.46. >>> finish line posted a decline in its holiday sales quarter and warned that profits may miss expectations for the full year but athletic apparel and

john harwood joins us with the details. es this end the controversy or give it new life here? >> the one thing we can be sure of is that this did not end the controversy. the reason is that hillary clinton's message was very clear. she came out and said that half of the 60,000 e-mails on my server i have disposed of because i determined that they were -- had nothing to do with my work as secretary of state. the other half i turned over to the state department. democrats are likely to trust that assertion by hillary clinton. republicans will not. here is exhibit a for why they might not trust it. take a listen to this sound bite from hillary clinton. >> we have more than met the request from the state department. the server contains personal communications from my husband and me and i believe i have met all of my responsibilities and the server will remain private. >> now, why will that raise eyebrows among republicans? because bill clinton's spokesman just this afternoon said that he had only sent two e-mails in his life bot

john harwood joins us with the full details. rime minister netanyahu did exactly what the obama administration feared, which was deliver a forceful powerful speech against the prospective iran deal. he did it by telling the american people that the threat from iran is much bigger than the threat from isis. >> the greatest danger facing our world is the marriage of militant islam with nuclear weapons. to defeat isis and let iran get nuclear weapons would be to win the battle but lose the war. we can't let that happen. >> now, as negotiations continue in switzerland, president obama dismissed prime minister netanyahu's remarks as nothing new, said he'd been wrong before, and vowed only to agree to a deal that was in the u.s. national security interest. >> if it's a deal i have signed off on i will be able to prove that it is the best way for us to prevent iran from getting a nuclear weapon and for us to pass up on that potential opportunity would be a grave mistake. >> the question now, of course is whether or not prime minister ne

is john harwood available?on of the security of israel. and i think one-fifth of democrats were planning not to attend today. it is obviously extremely controversial. >> interesting take this morning, looking at the precedent for this kind of thing. other world leaders that have addressed congress in the past, boris yeltsin, nelson mandela, cora zone aquino margaret thatcher. it's not like this has never happened before but this is obviously comes wrapped in a bunch of political enigmas. john, your thoughts on this as we watch the prime minister begin to enter the room? >> reporter: i think, carl it's a dramatic moment. talking about a situation where israel is a staunch ally of the united states the united states was the first country recognize the state of israel when it was created after world war ii 11 minutes after it declared independence bipartisan support and yet a situation just before his election the israeli prime minister is coming at the invitation of the president of the united states political ad

to our own john harwood who has a news alert for us. hi, john. >> hig, scott. reid we saw was retiring. he won't seek re-election in 2016. attention immediately turned to speculation about who would succeed him with a potential race with chuck schumer, dick durbin, maybe elizabeth warren, pathy murray. harry reid in an interview with the washington post endorsed chuck schumer, said he had talked to dick durbin about that. i've talked to a half dozen former senators as well as current and former aids. as one democratic aid told me, senator schumer is the next leader. he is a senator from new york and a senator in particular with a close relationship with wall street, guys. so a bit of news that chewing schumer looks almost certainly to be leading the democratic senate contingent beginning in 2017. >> interesting news. john harwood, thank you so much from d.c. >>> coming up, legendary investor bill miller reveals his favorite stock tips plus less songs. >>> we talk to a cio that crushed the s&p last year. he's going to reveal his talk plays. talk some shop with t

to washington where john harwood has breaking news. >> we've got a stunningly rare development that haspened on the house floor. an overwhelming bipartisan vote in reform of the medicare program. something that doesn't happen, john boehner and nancy pelosi, their caucuses and a aides worked together to try to fix what we have come to know as the doc fix. it is a provision of the balance budget law in 1997 that limited the fee increases for doctors serving medicare patients. it was an annual drama where the congress, the formula called for the doctors not to get a raise, congress would step in and do it. they've done a permanent fix which raises some money from beneficiaries, raises some from medical providers, it only part of it is paid for which was key to the deal happening, but the bottom line is, a significant problem in the medicare program has been solved in a bipartisan fashion. it will now go to the senate where it is expected to pass there either tomorrow or after the two-week break. so a rare bit of good news from washington, guys. >> yes. we appreciate you bringing that to us

. >> john harwood with more on on the israeli prime minister's speech and the house vote to fund the department of homeland security. good to see you as always john. let's start with iran if we could and mr. netanyahu's impassioned plea to congress not to do this deal with iran and then the president came back and said there was nothing new in the >> well sue, the president delivered a very eloquent and powerful speech. it may not have been new, but it was well delivered. it drew a very enthusiastic reaction from congress members of both parties even though many democrats had boycotted this speech. the acid test going to be what is the reaction, if in fact we get a deal? the president has said the chances are less than 50/50. the negotiators continue to work in switzerland, that's iran and the pf plus 1 including britain, france russia china, germany all trying to strike this deal. so, you know is the prime minister netanyahu going to be able to turn political or public opinions strongly against it? is he going to deter a deal from being struck? we're giengoing to see that play out th

some of these new fracking rules out of the white house, john harwood has that. >> carl, i was just one call with sally jewel the interior ski announcing at the conclusion of a four-year process that involved public comment the final rule on fracking regulations on public and indian land. now this is a fraction of all the fracking operations in the country. the vast majority is on privately owned land. but these new standards would require drillers to disclose the chemicals they were using to set new standards for the types of fluids that are using and it's all designed to protect the surrounding environment where fracking takes place. it is not expected to have a major financial impact on industry. some estimates have had the impact at about 20 million with an "m," $20 million, of impact on companies. so it's not revolutionizing practices given advances in technology. and sally jewel referred at the -- during this call that states need to now take up the practice of regulating fracking operations on their own privately held lands. that's not what the administration is doing today, tho

rights act change the political landscape over the past 50 years joining us now for some insight is john harwood chief washington correspondent for cnbc and political writer for the "new york times." so we've thought about that big picture, the march that is seared in people's minds. what kind of changes happened since then, especially for voting rights? >> well, first of all you've seen a complete collapse of republican support among african americans. that happened very quickly. richard nixon got about a third of black vote in 1960. barry goldwater got 6%. republicans have never approached that nixon level since. second you've had blacks and non-whites in general, including hispanics and latinos, expand as a proportion of the electorate. and over time, that has worked to the advantage of the democratic party. 1964, when lyndon johnson was re-elected, whites provided about 95% of all the votes cast in the election. in 2012 whites were about 72% and that growth, given the scheft of whites to very dominant support for the republican party non-whites for the democratic party, has produced a racial

with john harwood.n. >> brian, you heard after prime minister netanyahu delivered a speech that was great political theater, the president just responds by saying i'm not interested in the theater, i'm not interested in the politics i'm focused on solving the problem. he tried to diminish the impact of what prime minister netanyahu had to say by calling it nothing new, and he said that if he signs off to a deal he will be able to prove to the american people, to israel, and to politician that is it will be the best alternative to prevent iran from getting a nuclear weapon and said it would be a grave mistake on -- for him to pass up such a deal and won't do that. of course we're not going to know that unless there is a deal concluded, and that still is in question in switzerland and we'll find out the next few weeks whether they can aheave it. >> all right, john harwood in washington. john, thank you very much. meantime, folks, welcome back. here's your market setup at 2:00 p.m. eastern time on wall str

john harwood,chief washington correspondent for cnbc. and jeanne cummings, deputy managing editor at bloomberg news. >> award-winning reporting and analysis covering history as it happens. live from our nation's capitol, this is "washington week" with gwen ifill. corporate funding for washington week is provided by -- >> well, if you start putting that money towards your retirement and let it grow over time 20, 30 years, that retirement challenge might not seem so big after all. >> we're committed to smart and light, secure and bold. in a world of enduring needs, the men and women of boeing are proud to deliver critical capabilities for those who serve to protect our nation and its allies and that's an enduring commitment. >> additional corporate funding is also newman's own nourishing the common good. the annenberg foundation, the corporation for public broadcasting and by contributions to your pbs station from viewers like you. thank you. >> once again, live from washington, moderator gwen ifill. gwen: good evening. this week's big sto

john harwood rejoins us with the details. >> hi, kelly. we were just talking a while ago about the fact that hillary clinton had not been able to put this issue to bed. here is an example of that. jason chaffetz the chairman of the house government oversight company has just told our colleagues at dow jones he will subpoena hillary clinton's e-mails if she does not respond voluntarily to a set of questions that he's forwarding her by friday. now, this is going to be a continuing saga both with that committee as well as the benghazi committee. democrats are counting on republicans to overplay their hand. republicans want to keep this in the news because this of course, is going to be damaging to hillary clinton at least they hope so who is the overwhelming democratic front-runner, kelly. >> john thank you very much. important update on that story for us as well. a lot of moving pieces here. i turn to the panel for a little bit of context. we've had shake shack miss just in terms of the after market response, same for box. a couple of differ

john harwood there at the white house. thanks, john very much. and we now officially welcome you to "closing bell." welcome back kelly. >> thank you. welcome. i'm here. it's tuesday, the dow is down 87 points. >> and we've got a lot to cover here, much more on the markets, the tragic plane crash there in the mountain region of france. we have all of that covered as we head toward the close with the dow down 90 points at this hour. we'll have much more to continue for this tuesday in just a moment. stay with us. opportunities aren't always obvious. sometimes they just drop in. 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. i have a cold with terrible chest congestion. i better take something. theraflu severe cold doesn't treat chest congestion. really? new alka-seltzer plus day powder rushes relief to your worst cold symptoms plus chest congestion. [breath of relief] oh, what a relief it is. hello. i am a fully a

coming up next john harwood tells us where cruz is heading to raise cash for his campaign.g way toward funding anybody's presidential campaign it says here. but only the super wealthy will get invited to view or buy them at this secret vip room and we'll give you a rare up close look at the room and the stuff inside later on "closing bell." t predict the market. but at t. rowe price we've helped guide our clients through good times and bad. our experienced investment professionals are one reason over 85% of our mutual funds beat their 10-year lipper averages. so in a variety of markets we can help you feel confident. request a prospectus or summary prospectus with investment information risks, fees and expenses to read and consider carefully before investing. call us or your advisor. t. rowe price. invest with confidence. [ male announcer ] eligible for medicare? that's a good thing, but it doesn't cover everything. only about 80% of your part b medical expenses. the rest is up to you. so consider an aarp medicare supplement insurance plan, insured by unitedhealthcare insur

. >> john harwood in washington, thanks so much. let's get over to headquarters, ♪ >> okay.hanks so much. want to take you to our wall and show you what the markets are doing at this hour at the lows of the day. perhaps reacting to that rousing speech by the israeli prime minister before the joint session of congress. you do have the dow jones industrials down 127 points. it is the worst day for stocks since the end of january. you can kill the music. since the end of january. this is a day after, of course, when the major averages, at least the dow and s&p, hit record highs. the nasdaq touching 5,000 for the first time in some 15 years. we have much on our plate today. of course we're going to talk about all of the moves in the market and what could lie ahead. the rest of ouÔó game plan look like this. rise of the machines. are you better off with a robot making your investment picks? the man that says yes is here and he's got $2 billion under quote/unquotep: forest through the trees, the analyst that says the lumber liquidator sell-off is overdone. that stock down more tha

programmer in the 1950s and 1960s. [ applause ] >> let's bring in our chief washington correspondent john harwood to declare, john. >> simon, ted cruz is jumping out ahead, casting himself as a full spectrum conservative. by announcing at liberty university, he's saying to evangelical christians who are a key part of the republican base that he is their champion. many republicans, simon, are backing away from social issues because of changing views on same-sex marriage and that sort of thing. he's also casting himself as the most aggressive and decisive. he's jumping in earlier. everybody else is testing the waters exploring, that sort of legal status because they're not willing to spend money on campaigns at this point. jeb bush is raising tons of money. but ted cruz is trying to stick out that right flank and we'll see how many people chase him there, simon, and how many choose to distance themselves from cruz to make a point to the rest of the party that they're more electable. >> you know, john a lot of people have made much of the fact that obviously the bushes are able to raise a lot of mon

there's a senate hearing focusing on this outrageous story as we speak and john harwood joins us nowere's certainly the potential for fraud on a fairly widespread scale. this is what the senate homeland security committee is looking at today. the inspector general reported that 6.5 million social security numbers are active for people 112 years or older. it's believed there are only 35 people in the entire world who are more than 112 years old. so that tells you that some checks are going out to people who shouldn't be getting them. also that some numbers are being used by people who should not have those social security numbers. what they found was that several thousand social security numbers, 66,000 of them were being used to report income which suggests that people are using them to verify their employment. and on the federal e verify system, 3,900 of those numbers were being run through by businesses trying to check the eligibility of people. so we're going to see whether or not congress takes some significant steps. it's costly to go through a system that in some ways is behind

and john harwood joins us from d.c. this morning. i don't know the specifics, john because there are existing laws in a number of states that they say are similar, but then i saw that supposedly there are parts of the indiana law that are different and go i guess in the detractors words that go even further. do you know the details on the specifics? i don't know how to parse the differences, joe on the laws in 19 other states and indiana. but i know that at this particular moment to press this has gotten mike pence in a buzz saw. reshows the reaction of the multinational and national firms angie's list, apple. the limits of what red state governors can do on issues they may think are unremarkable. mike pence yesterday on steph no lis's show say there other states that have one. bill clinton signed a law that contained provisions similar to this. that all may be true but in 2015, he's in a position given how fast public opinion has shifted on these issues and where they sort of political center of gravity has gone it's put him in a rea

. >> let's now get to the latest nbc news wall street journal poll and john harwood joins us from d.cindings. >> this is a poll that's got bracing muse for hilary clinton and jeb bush because we asked voters, check out these numbers, we asked them what are you looking for when you look at the 2016 election? do you want somebody that is experienced and tested or do you want somebody who is more with new ideas and vision? by 59 to 38 they say they want new ideas and vision rather than experienced and tested and when you look individually at how they evaluate jeb bush and hilary clinton if you ask is this a person more tied to the past or somebody that has that vision and ideas jeb bush comes to the south end of that. that's an ominous reading for him. it's still a concern for the bush team. hilary clinton has the same problem. the wife of a former president. got 51% of the american people saying she is connected too, tied to the pollties of the past. 44% say she has new ideas and vision. there's one other measure that we use, guys which was you ask primary voters in both parties could y

harwood road. police say the suspect knocked on his neighbor's door. when it opened he opened fire. the victim johnwas hit once. the gunman barricaded himself inside that home. a s.w.a.t. team moved in and made the arrest. sparks is okay. >>> sky force 10 was over an apartment fire. the fire started at the julian apartments and this happened just before 8:30 this morning. this is across the street from lasalle university and philadelphia's central high school. the fire was quickly put under control and no one there was hurt. >>> plenty of celebrating on the main line today. the villanova wildcats are the number one seed in the east region. the big east champs will take on the number 16 seed the lafayette leopards in the opening round of the ncaa basketball tournament thursday in pittsburgh. >>> and we have a nice weather day here for the start of our workweek and it will be warmer at the end of the weekend. here's a live look at boathouse row. we're tracking a chance of rain tomorrow, however, and possibly snow by the end of the week. nbc 10 first alert meteorologist bill henley is here with the fo