kayla tausche is in d.c. with more. kayla?op ed by alexander acosta surprising the broker industry acknowledging the trump administration does not support the current fiduciary rule requiring investment advisors to work in their client's best interests. the rule will take place next month. we have carefully considered the record in this case and have found no principled basis not to change it in june. they delayed an april line and has signaled its plan to rule it back largely because of the compliance cost which is roughly $2 billion a year. while analysts of steven chewback said it's on the way, he downgraded three investors. chewback cutting its price target by 15% to $51 a share. some individual financial advisors have told cnbc they've already stream lined their portfolios to comply because there's been so little clarity. they say undoing that compliance will be costly, too. melissa? >> kayla tausche. >>> the idea is to protect investors. our next guest warns that it could hurt the same people it's supposed to help. ellio

kayla tausche will keep us up to date. >> reporter: the purpose of today's hearing is an annual hearing was to assess the threats posed to the u.s. from outside from the global stage and in doing so the director of national intelligence sort of did a trip around the globe identifying where he saw the threats and where the intelligence community had identified those threats. he started with north korea, syria, cyber security, isis, iran, russia. and in the questioning portion of this which you were just listening to, despite the fact the chairman of this committee, north carolina senator richard bird said upfront i'll disappoint you the purpose of this hearing is not to talk about russia or the fbi, did he put that very first question to the acting director of the fbi about whether he had ever heard james comey ever tell the president he was not under investigation. then the floor went to mark warner the senator from virginia who is the vice chair of the committee and he began his time by asking every single one of the witnesses to say on the record whether russia did, in fact, interfere

kayla tausche in washington. >>> if you were looking for a diamond in the rough, don't look to tiffany. the iconic jeweler is the latest retailer to get knocked after reporting quarterly results. there was a drop in sales in the americas. tiffany says it's been hurt by some of the same things other retailers are struggling with, like broader concerns about the economy. the stock 8%, making at it worst performer on the s&p 500. then there's chico's, the women's apparel retailer fell short of both profit and sale expectations. the ceo citing what many of her peers have, a challenging environment. the stock fell 11%. >>> and the damage wasn't confined to apparel and jewelry. advanced auto parts reported earnings and sales that missed estimates. the ceo cited headwinds. but unlike auto zone, the company did not blame the impact on delayed tax refunds. the end result was a stock decline of 5%. >>> and then there is lowe's. expectations were high after rival home depot last week reported a standout quarter. but the home improvement retailer struggled with increased competition and higher cos

commerce secretary weilbur joind us to talk trade and kayla tausche has more. when this letter to be delivered to congress to renegotiate nafta. he said it would be imminent. i have learned from three sources familiar with the matter that letter will be delivered today to the house ways and means and the senate finance committee. what that letter does is it basically opens a 90-day window for u.s. officials to discuss what their negotiating position will be, that 90-day window if the letter is delivered today as sources are telling us, that would expire around mid-august. that is when talks and canada and mexico over nafta would begin. reuters reported comments from the mexican economy minister is that it would be a tri-lateral deal. that letter to begin the clock on renegotiating nafta is expected to come today. >> good stuff, kayla. thank you very much. u.s. energy and independence has been a top priority for the trump administration as well. for more on domestic renewable options, let's bring in daniel. renewable energy seems like it would be one, the trump a

our kayla tausche has more. >> good morning.his an annual hearing that since 2015 at least parts of which have been public and have been open sessions for this committee. but this time there's an elephant in the room and that is the firing of former fbi director james comey earlier this week. and the timing of which occurred during ongoing investigations into russian interference into the u.s. intelligence and back channels by the trump associates. those investigations are happening at this particular senate committee. it's a bipartisan committee and there was bipartisan concern after that firing on either the rationale or the timing of that firing. given everything else that's going on. in have been some developments -- there have been some developments on that investigation in the background this week. for instance, the committee has requested documents from treasuries money laundering unit and two democrats individual is a if treasury doesn't produce the documents they're going to hold up president trump's nominee to lead tha

kayla tausche with a look at how this is all playing out there. kayla. >> reporter: hey, brian.pansion that took place here in arkansas is very p popular with voters and is also popular with participants, approximately 30% more signed up than the state had budgeted for, so now it's having to save m money, figuring out how to make the program sustainable. the state legislature voted to remove tens of thousands of participants from the medicaid program, which allows federal funding to be used to purchase private insurance. we spoke to governor asa hutchinson this morning. he said it was an active preservation for those resources for lower income residents. >> i think we've laid the groundwork here for reform in arkansas that will be sustainable over the long term under the status quo, but i do hope congress changes things. >> reporter: president trump tweeting that he hopes republicans can pass a health care bill quickly. but governor hutchinson says he is reassured those from this state will be prirp advertising that medicaid funding. hospitals like the one i'm standing in here t

. >>> our kayla tausche is in d.c. to set that up.ood morning. >> this is the score for the house health care bill that passed three weeks ago by just four votes. it is going to be a material development for the path forward on health care reform and the overall republican agenda. the last time the cdo weighed in on the most recent or i should say the previous rendition of this bill, they showed that the house version at that time would see 24 million fewer people insured but premiums falling by 10%. the deficit reduced by $150 billion over the course of the next decade. since then, the house has made some key changes to the bill. they added funding for patients with predesh -existing conditiod letting insurers charge higher premiums to older people. the states allowed to seek wafer to opt-out of coverage. the house might have to vote on it again if the cdo finds it doesn't reduce the deficit by $2 billion. house speaker, paul ryan, said that he was optimistic about the bill, even though he didn't want a repeat of this saga, of the wa

our kayla tausche is on capitol hill where mitch mcconnell and chuck schumer both spoke on that topicwhite house moves to install the interim chief of the fbi, a bit of political theater unfolding where democrats all in their seats as senate majority leader mitch mcconnell took to the floor and he acknowledged them and he spoke about health care before discussing the firing of the fbi director and the calls for an independent investigation now into russia. >> today we'll no doubt hear calls for a new investigation, which could only serve to impede the current work going done not only to discover what the russians may have done, but also to let this body and the national security community develop countermeasures and more doctrine to see it doesn't happen again. >> this was the response of the senate minority leader chuck schumer. listen. >> if there was ever a time when circumstances warranted a special prosecutor it is right now. >> despite the fact that those were two very stark response from the head of each party in the senate there's bipartisan blur. six republican senators have

kayla tausche is in washington with details of last night's cbo scoring of the healthcare bill.nd hadley gamble is in brussels where president trump is meeting with eu and nato leaders today. let's start with steve sedgwick on opec and what is moving the price here. good morning. >> good morning to you both. this has been one of the most well orchestrated opec meetings i've seen. i've come into meetings where there's rancor on the outside from the hawks, the iranians, venezuelans, but everyone was well choreographed before the meeting saying yes, we think a nine-month extension. it doesn't look like there will be deeper cults. the saudi oil minister thinks despite them going for a nine-month extension of the agreement made last november, ie 1.8 million barrels off the table from opec and non-opec allies, he believes he can do it in six months. let's listen in. >> we found out that nine months with the same level of production that our member countries have been producing at is a very safe and almost certain option to do the trick. >> there's an awful lot of producers who want to

>> kayla tausche, thank you for bringing that to us immediately. something that investors are paying attention to. i want to draw your attention to the market. because we are firmly in positive territory. the dow is up 50 points, being helped by walmart which is an earnings winner today. looks like mike and david, the s&p and the nasdaq climbed back from yesterday's deep declines. sort of a mini-come back yesterday. >> of course the high-tech names are the biggest beneficiary of the rally. namely apple. >> and walmart, only partially off setting the drag of cisco on the dow. a tentative bounce, still almost kind of 50-50 in terms of up stocks and down, looked like it would be a flush down before the open. sort of firmed up there as washington has been quieter. >> well, treasury secretary steven mnuchin says 3% economic growth is still achievable. he is talking about specifics on tax reform and regulation. let's get back do his hearing before the senate banking hearing on capitol hill right now. >> incomes are stagnant, these communities desperately

kayla tausche joins us now. the if million, the way they talk about it, not exactly correct. it's 23 million fewer people would have it because so many young people wouldn't be mand e mandated to sign up for it. that's the number. it's not that they're actually losing it. the other thing is that the house was worried they would have to vote on this again if it didn't reduce the deficit. and by even reducing the deficit, even though it was less than the prior one, they can still use reckon sill yag, so they can at least send it off to the senate and play golf or do whatever. that was kind of lost in the analysis yesterday. >> not in our analysis, we did mention that a couple different times on the air. but it doesn't matter what exactly the house sends to the senate, it's what the senate decides to take up. we heard from no fewer than four republicans yesterday who distanced themselves from the score, the house version, and said they will be starting from scratch. i want to revisit those numbers for viewers who were not as closely in the weeds yesterday watching our coverage o

kayla tausche joins us from little rock, arkansas. kayla? >> good morning, becky. an issue that is a double edged sword in deep red states like arkansas. on one hand it carries a very high cost for federal and state governments. but on the other hand the benefits to hospitals and the economy here has been noticeable. take the university of arkansas medical science where we are. doctors say that the uninsured rate here has fallen from 15% to 3%. that they've been able to hire about 1500 new employees since 2009. and last year turned their first profit in a number of years. the chancellor of this hospital says that medicaid expansion has not only brought costs down for his company, but also prices down for consumers. >> the dialogue that obamacare will collapse of its own weight is not happening. in arkansas. and it's just a different environment. we've seen an increased number of insurers rather than a decrease. so, it's a -- it's an experience that is at variance with the national experience. >> part of that is the state's unique private sector approach, allowing t

our kayla tausche has all the details. good morning, kayla. >> good morning, carl.n fewer people would be insured in ten years and the deficit in the time would fall by $119 billion, $32 billion less than the previous version of the bill. premiums will vary widely. they're going to rise across the board until 2020 the cbo found which is when states choose how to implement the law. but at that point, half the population would see premiums fall 4% because of participation from younger people. a third of the population would fall 20% because the plans will be less coverage. but the remainder could see premiums rise beyond affordability for people with pre-existing conditions in particular. in one scenario laid out by the cbo alone a person in their 60's could see premiums rise 800%. it's stats like that that led the aarp to call it an age tax. the senate found the cbo report and the underlying bill a hard pill to swallow. four republicans at least speaking out against it, which all but guarantees it will get rewritten. among the critics, bill cassidy of louisiana, a ph

now to kayla tausche across the way on capitol hill. what is the reaction in congress?majority leader mcconnell and some others. >> reporter: well, tyler, the house is notably out of session this week. while we have seen reaction from some members of the house it has been at a distance. the temperature has been rising on the senate side with senate democrats trying to strategize to figure out how they move forward. what are their next steps? do they put up roadblocks to any future nominations for the position? do they continue to ratchet up the calls for a special prosecutor leading the investigation into russia? nbc news caught up with richard burr who is leading the intelligence investigation, and here is what he said about particularly appointing an independent committee to investigate. >> to suggest that i would be for a special prosecutor, my job is to lead an investigation. so i'm not in favor of a special prosecutor because i think the committee can come to a conclusion. >> reporter: so in addition, it is the deputy's attorney general who is leading the russia in

. >>> let's get some breaking news now from kayla tausche in washington.re subsidies. >> hey, david, yes, this is going to impact the insurance industry. i have learned that the department of justice and the house of representatives today will file a joint motion to ask a judge for a further 90 day delay in a lawsuit over those payments that the white house makes each month to insurers as part of the affordable care act. this is according to four sources familiar with the matter. the delay will hope to buy 90 days for the trump administration to decide how it wants to proceed and also buy congress some time to working toward a legislative fix that will take months, though the judge does need to approve the request on behalf of both parties. the white house will continue making these payments to participating insurance companies during this time. during this 90 day additional stay that the parties are requesting. that was a key question for those businesses operating on the exchanges. the white house had only committed to making the monthly may payment and