let me toss it here from the north lawn of the white house over to the southwest gate where kayla tausche has been on duty and she's monitoring arrivals over there kayla? >> reporter: well, eamon, it's just about less than an hour before this meeting is officially slated to begin and we are seeing the ceos trickle in you mentioned eric schmidt of alphabet, the executive chairman we asked him what he and alphabet hope to get out of the meeting and what role he will play and he said, no interviews here we saw the ceo of qualcomm, a chip company that does the lion's share of its operations in china and as you mentioned, eamon, there is going to be this dynamic where the ceosss and their companies will want to be talking about initiatives that are close to home to them. and the government wants to discuss how these companies can play a role in modernizes the government's system. safra katz, the co-ceo of oracle arrived 10:00 a.m., a couple of hours before this meeting is slated to begin, but we'll keep you posted a as they continue toy a arrive >> kayla tausche, thanks so much many morequiarq

kayla tausche has more on the effect of the new rule. >> reporter: the so-called fiduciary rule keeps retirement advisers from favoring their commission-based products over their customers' interests. as of today, they have to abide by the spirit of the rule. merrill lynch gave customers a choice to move to a different platform or pay a fee. wells fargo offering different products. ubs is changing broker compensation. ameriprize has dropped hundreds of funds. some independent firms have frozen assets while the rule is under review. retirees are affected if their money is managed by commission-based accounts. customers may opt back into this accounts. the obama administration estimated the rule would save americans $17 billion in fees. but it will likely change again before a final january deadline. the labor department still reviewing it and the department has 38 political appointments vacant that will be important here. managers are traditionally regulated by the fcc, who will want a say in how it's written and enforced. the wild card, how congress tackles large scale financial refor

and as kayla tausche reports, that debate is playing out in little rock, arkansas. >> reporter: george coleman drives a cab for a living but struggled to pay for health care as his asthma worsened and the cost of his medication got higher. >> it can range from $400 to $600 a month. >> reporter: coleman is one of 330,000 330,000 citizens of this state who would be affected. governor asa hutchinson says the popularity has made the program too costly to maintain. >> we estimated 250,000 that would go on the expansion. and that soared to 330,000. >> reporter: this month, the state moved to pare it back, adjusting the qualifying income levels to reduce enrollment by 60,000 people. >> we're curtailing those numbers as a cost saving measure. and it's not an easy thing to do. >> i think we've laid the groundwork here for reform in arkansas that will be sustainable over the long term under the status quo. >> reporter: for arkansas hospitals, the status quo works. here at the university of arkansas for medical sciences, the number of uninsured patients fell 80%. the clinic turned a profit and hi

developments out of alexandria, virginia, and the shooting this morning at that gop baseball practice our kayla tausche the area and has been talking to some eyewitnesses kayla, it appears that there were many out there this morning. >> there were. it is a very residential area, carl there were tons of people with their children out walking their dogs before school or before going to work this morning when that shooting took place it happened at 7:09 a.m. and around 7:30, alexandria police sent an e-mail that there was in fact a shooting going on i spoke with one resident who said after the very first shot and by the time he heard the second shot he was on the phone with 911 but had to wait a minute and a half to talk to the operator that almost everyone in the neighborhood heard it. and decided to call the operator at 911 because it was an anomaly of this neighborhood i asked him about the politics of the del ray part, and he said it was quite liberal, but it was inclusive. there were signs that said kindness and i said what would happen if there were a bunch of republican lawmakers playing baseball t

treasury department unveiling its plan to reform the country's financial regulatory framework, our kayla tauschehrough all 150 pages of this, kayla >> it was close to 150 149 to be exact, sara. i did go through most of it. the treasury department got input from 300 parties mostly industry groups and more than 100 proposals for how to regulate banks and credit unions in the country here is what the treasury ended up reporting they said they want streamlined rules bradley for community banks. they want to exempt banks from the volcker rule and stress testing. benefits for larger institutions, how banks cap clat their capital, those that hold a lot of capital more than required would get exempted from stress tests and capital requests for others that just meet the threshold, those events would happen less frequently it calls for significant struck turlt changes to the cfpb and expansion of fsoc secretary mnuchin chairs industry groups called it an important first step, and subsequent reports from treasury will cover asset managers and capital markets. about a third of the recommendations require co

healthcare in focus yesterday as the senate announced its healthcare plans we'll go to kayla tauschen update on that week to date the biggest sector move has been in energy. that sector is down around 3% because of the decline in oil prices >>> asian markets for you today ending mixed hong kong down slightly. japan and shanghai up slightly for europe a soft end to the week pmi data out this morning showed decent pmis across the board all readings above 50. the services pmi was soft compared to ekts pe ed td to exn germany. >>> one of the reasons we've been seeing weakness in european stocks is oil. wti on pace for the fifth consecutive negative week. higher today at $42.96 ice brent crude at 45.45 all the weakness this week has had a dramatic impact on energy stocks week to date the energy sect ser down sector is down 3.2%. the worst performing sector in 2017 the ten-year note, this time last week, we were trading at 2.15%. here on friday the ten-year note yielding now 2.16%. the dollar interesting against the yen, a bit of stabilization, that helped japanese stocks outperform the ja

kayla tausche on capitol hill. let's trade this, because health care stocks, we saw distinctive moves within the group, steve, so how do you sort of interpret the moves? >> hmos have been strong ibb's up 11% in the last six days i think when you look at this it's less onerous. all the things that we thought were going to be the case on drug pricing, less onerous on the companies, so is it closure? no, because the bill has to pass, but i think even if it does get passed, a lot less people are going to be a lot less worried >> if i look at the stock reaction, the market is telling me this thing is going to pass >> i think the market voted and said this thing's going to pass. four senators are the swing votes, one they know they have leverage, two, they'll likely negotiate something away we know this is the sausage making process that happens when bills occur, and the market voted. so you look at what were the sectors impacted within health care, hospitals. that was the biggest surprise to me, right, because they've b

. >> in the meantime, kayla tausche is over by the baseball field where the shooting occurred >> reporter: when we last spoke to you, we were right up on the edge of the fence looking over the outfield of the baseball field where that shooting took place earlier this morning police have since come by and rolled caution tape along much of this area expanding the crime scene in the air wrea of investigation about the size of a football field the police said they had every reason to believe that the incident that took place here was an isolated incident that being said, the investigation is on going. the fbi in the washington field office is taking a lead on that as was just reported nbc news and the "associated press" are reported the eye denette de identity of the shooter as james hodgkinson with an illinois driver's license that's all we know about him the police, fbi and governor of the state of virginia in that press conference saying they did not have enough information to know what the motivation was of the shooter. they would not even say what condition the shooter was in and they di

our kayla tausche is there at 1600 pennsylvania avenue. >> reporter: in an off-camera briefing with reporters, sarah huckabee sanders was coy about how much of the hearing this morning the president actually watched. she said that he caught parts and he was in national security meetings with secretaries mattis, tillerson and mcmaster throughout the morning. she did say yesterday on the way back from the infrastructure trip to cincinnati he did read through the testimony and he was pleased that the former fbi director did say on the written record that the president himself was not under investigation at the time. but she outsourced all other comments to outside counsel, marc kasowitz, who we are expecting to hear a statement from at some point today in response to what was disclosed at the hearing this morning. but sarah huckabee sanders would not say whether or not there are tapes in the white house recording the meetings that the president takes. she was asked that question multiple times, especially since director comey -- former director comey said on the hill today, lordy, i hope there a

for "nightly business report," i'm kayla tausche in washington. >>> there are more job openings in the u.s. than ever before. according to the labor department, a record 6 million positions were posted at the end of april. hiring, however, decreased. and that gap between job openings and hiring may suggest employers are having trouble finding qualified applicants. >>> it may be one of the hottest housing markets in history. a new report shows a nearly 7% rise in home values versus april a year ago. but that 7% is down slightly from the prior month's annual gains and may indicate that homes are getting too expensive and unaffordable for prospective buyers. forecasts were lowered for annual gains by 5%. >>> the stock market has been up quite a bit this year dow jones industrial average gained 7% just since january. but not all 30 stocks in that index are enjoying this rally. dominic chu looks at what's driving it and what's not. >> reporter: the dow jones industrial average gained close to 1400 points so far in 2017. powering the dow has been a pretty narrow range of stocks. eight stocks

kayla tausche is live at the scene. eamon javers at the white house. kayla, the latest on what we know >> reporter: brian, at this hour we are learning more about james hodgkinson, the 66-year-old illinois man now deceased who opened fire on a congressional baseball practice here in alexandria early this morning in the 7:00 hour. police here in alexandria have said it's too early to determine a motivation for the action and the shooting hodgkinson took early this morning but we are learning that he not only had a criminal record, he was approached as recent ly as marc by police for shooting a firearm in a residential neighborhood, but he was also a very politically charged scitizen where he lived in the 2012 election year he sent frequent letters to the editor of his local newspaper, the belleville news democrat his letters concerned the need to tax the rich, and he frequently cited the work of robert reich he said in one letter that is quoted on the newspaper's website today, i have never said that life sucks, only the policies of the republicans. that

health care stocks rising after senate republicans released their discussion draft of the bill kayla tausche joins us from washington with some key takeaways. kayla. >> the discussion draft is seen as an opening volley for the senate side piggybacking off the house plan using tax credits to replace the affordable care act mandates and reoperation virtually all of its taxes, but some key differences are there credits on the tax side are based on income, not on age. the plan elongates medicate expansion with bigger cuts overall when it eventually phases it out and upholds payments to insurers to offset plan costs for those low-income enrollees. the u.s. chamber of commerce says, quote, we have long sought this type of balanceled solution that doesn't jeopardize employer-sponsored coverage while seeking affordable access for all americans, but it had its detractors, too, called the better care plan, but it can only lose two republican votes and currently at least four senators oppose it last hour senators cruz, johnson, lee and paul all said they would vote no on the bill for a variety of reaso

our kayla tausche is joining us on the set. >> we have learned the only constant in this world is changesers they're affected by the fiduciary role. as of today they have to abide by the spirit of this rule. for large brokerages they have made changes. merrill lynch gave customers a chance to migrate to the different platform or pay a fee. and wells fargo slimmed down the products it sells and ubs is trying to eliminate this conflict. for smaller broker dealers like amerideals, they will see meaningful changes and some independent firms have frozen client assets while the rule is under review. if you're a client you're only affected if your 401(k) is managed by a commission based adviser or invested in commission based products. money managers have already asked many customers to opt back into the accounts to ensure that you want to be in it. the obama administration says it saves americans $17 billion in losses that they would have seen otherwise based on the commission based products but the rule will likely change again. the labor department is still reviewing it, but it has 38 vacanc

. >>> a senate showdown is looming over the republican plan to repeal and replace obamacare kayla tauscheashington for a look at that fight hi, kayla. >> hey, mike gop senators are digesting the bill back home as it gets attacked by the left and medical industries but two events could make or break it first, the president getting involved personally to win over those on the fence but second, the cbo score. polarizing if it resembles what the score of the house bill was. the senate used the house bill as a base laine to allow for a quicker score, but the association may make it unpopular with the public. an nbc news/"wall street journal" poll found that only a third of republicans thought the house bill was a good idea and when asked which party would deal with better health care, democrats scored 17 points higher than republicans from respondents. the medicaid changes are also the most politically fraught republican senators in states that expanded medicaid can't just easily rescind coverage for millions of low-income people and two of those senators are up for re-election next year. this

hitting the road today to talk jobs as his attorney general takes the hot seat on capitol hill kayla tauschein washington with more. good morning >> good morning. those two events this afternoon happening nearly simultaneously. white house pushing on with its policy themed week as the russian investigation comes into the spotlight again. attorney general jeff sessions will testify in an open hearing this afternoon and face questions about his meetings with sergei kislyak and his role in firing fbi director jim comey. on the latter point, sean spicer was asked whether the white house would seek to keep those conversations private between sessions and the president here's what he said. >> when jeff sessions testified tomorrow, do you believe he should invoke executive privilege on conversations between himself and the president as it relates to jim comey? >> depends on the scope of the questions. to get into a hypothetical at this point would be premature. >> the senate has approved new sanctions for russia, particularly for individuals involved in, for instance, cyberattacks and interference

kayla tausche has that story for us. kayla? a last-minute edition to the president's pre-planned infrastructure strip to ohtrip . but he took advantage of the backdrop, in a state where anthem said no longer in 2017 would offer health insurance on the exchanges. asking whether billions of dollars of the payments to offset those plans would continue to be made by the white house. but president trump for the second day in a row, using the opportunity to ramp up pressure on congress. >> if we gave you the greatest plan in the history of the world, you would have no democratic vote. it's all going to be republicans or bust. and the republicans are working very, very hard on getting a great health care plan. >> all 52 senate republicans meeting multiple times a week. at a lunch yesterday, a powerpoint presentation showed a broad outline of a proposed plan. lawmakers are reportedly sharing sections of the bill with the kon congressional budget office to see exactly how it would be scored. but the question remains, how and when to end

carl >> thank you very much, kayla tausche.igma is holding the first investor meeting this morning in new york we are joined by the ceo now, david, thank you for being with us. >> good to be with you, thanks. >> if we see this tomorrow, what could happen next week if there's a vote >> well, we are at our investor day and walked through the ability to walk through the ability to go forward. that has been a successful recipe to grow at 11% over the last eight years as it relates to the bill, the bill is going after a portion of the market, specifically the medicaid and the individual marketplace. we don't really participate in the medicaid market. we participate at a small level in the individual market and we have been able to prove that when you engage with health care professionals with individuals, some positive things happen. so we're trying to help legislators understand there are bright spots in the market that they can look at as they evolve their legislation. >> all right so then help investors understand the relationshi

kayla tausche joins us now with more if you plan -- i'm coming to d.c. time to hang out, though, kayla, in case -- i don't want to disappoint you, but i am coming down, i'm sorry. >> well, i'm also sorry to let you know that i'm actually going to new york today. maybe that was -- >> ships in the night. >> your nonexistent assistant called me and let me know so i land that. >> exactly >> joe when you're talking about medicaid cuts that is one of the biggest changes and it's also among one of the biggest sources of frustration in the new discussion draft that was released yesterday both bills put medicaid on the budget tied to inflation instead of being open ended but the senate bill ends the expansion by spending by 2021. and by 2024 shifts about 40% of the cost to the states that's one of the reasons that groups like the hospital and health system association of pennsylvania oppose it in a statement that group saying quote we remain concerned about the senate plan to phase out enhanced medicaid funding which has helped more than 770,000 pennsylvanians ga

meantime, 34 of the nation's largest banks are getting the green light for buybacks and dividends kayla tauschew with the financial stress relief and some big gains for many of these banks as a result, kayla >> and for many of these companies, a longtime company. this is the first time the fed did not object to one of those capital plans since the financial crisis the fed saying seven years after these stress tests were put in place, the banks now finally is have sufficient capital and can give all the money they earn back to shareholders there was one bank the fed did find some issues with. capital one passed conditionally, meaning it has to resubmit its plan to the fed by the year end to show improvement in its risk management, but it can go ahead with its plans in the meantime for that reason, capital one was conservative in its announcement it said it would lower its buyback plan and keep its dividend unchanged that was the only one. jpmorgan announcing a $19.4 billion stock buyback program. that's the largest by a bank on record and it edged out a record that had been set yesterday, just m

ka kayla tausche has the latest kayla?> reporter: the senate bill is a modification of the house bill passed two months ago but has a new name it's called the better care reconciliation act but like the house bill, it moves to repeal all of the affordable care act taxes and mandates there instead replacing them with tax credits. the senate's bill basing those on income instead of based on age. states can waive coverage of essential health benefits but not of pre-existing conditions planned parenthood would be defunded under the senate bill medicaid growth is expected to slow in 2021 and by 2024, states would pay close to half the costs. finally, the senate has committed to offsetting the cost of low-income enrollees on the exchanges until 2019, making those very important payments to insurers to keep them on the exchange or to get them back on the exchange now, in order to pass the senate, it can only afford to lose two republican votes. chuck todd of nbc reporting that there are three republican senators who are expected

kayla tausche has the top political stories. >> would be the highest ranking current government servingfficial to testify in the probe. the offer comes after former fbi director jim comey eluded to classified facts that would make his continued engagement in a russian related investigation problematic. that's why jeff sessions volunteered to appear in front of a senate panel. it's not clear if it will be an open or closed appearance. the deputy attorney general will testify on the budget. yesterday chuck schumer said he wants the president to testify on this matter as the president himself suted he would be open to on friday >> the president said he would testify in front of the senate i assume you are all for that? >> i would like to invite the president to testify before the senate i think we could work out a way it could be dignified, public, with questions, with leader mcconnell. we would have to consult with prosecutor mueller before doing it >> the investigation has the potential to overshadow many policy movements coming to bear this week. this will be a closely watched treasury

again, once you give people something, even if they don't like it, it's hard to take it away kayla tauscheas the latest. >> call it the art of the health care deal part 2 the expectation is that the president, much like he did with the house version of the bill will now take matters into his own hand i just spoke with the principal debt secretary sarah sanders repealing and replacing obamacare is still at the top of his priorities but he's less concerned for getting it done and more with actually getting it done. that might spar with the majority mitch mcconnell who's said to be adamant about holding the vote next week before they go on fourth of july recess. i asked if the outreach was going to be on that. she would onto say that the outreach was going to focus on those who aren't on board yet, those who have been outspoken against the bill there were four senators who were outspoken yesterday, who came together yesterday afternoon, senators cruz, johnson, lee, and paul, who said they wouldn't support it only senator ted cruz is up for re-election thek year. democrats, meanwhile, have sei

>> he has his flag tie on for you. >> coincidence i don't think so thanks to kayla tausche. senator thune will join us at 8:40 a.m. eastern. we'll talk about whether the senate is really thinking about doing anything ever. but they did have a meeting about obamacare. >> now they have direction, make it less mean >> less mean less mean. that's nice. nobody wants to be mean. >> definitely not. on top of all of that, we have the fed wrapping up its two-day meeting today. the markets are waiting to see how it will reduce the balance sheet. joining us is steven richutto from mizuho securities, and carcarl carls charles cham beampbell. steven, is there any chance they don't raise rates? >> no, they're going to raise rates. the markets will look to see if there's new direction in terms of the balance sheet i don't think they'll get much in terms of the statement. that may come out in the minutes. >> we're trying to figure out why the market doesn't seem more concerned that the fed is moving up its timetable for shrinking the balance sheet. will that have additional impact other tha

bill, which is expected to be released in an hour >>> eamon javers is outside the white house, kayla tauschemon for an update on this tech meeting. >> reporter: good morn, it is drone day, that's one of the issues they'll be talking about during a series of technology meetings here today. i am told unfortunately be will not see the president of the united states flying a drone they'll do a demo in the east room with some of the equipment. we have seen some of the ceos arriving, crying is the ceo of revolution, steve case, jeff immelt, randall stevenson, the ceo of honey will, exel energy link, verizon, all walking in on 17th street earlier today. they're in for an all-day series of discussions starting with the drones, they'll be talking about regulation, technology and safety with the growing drone industry in this country also on digital wireless talking about the future of connected devices and the enter net of things and on the financing of staffordups, how to extend, important to the trump administration to broaden out beyond just silicon valley, have that financing go to startups aroun

kayla tausche? >> reporter: they're maintaining their confidence now.hey take the temperature of about 148 ceos about their plans for the next six months and their optimism about the u.s. economy. the survey out today showed that reading is the highest since 2014 but that it's flattened since a big jump that it saw in march. on sales the group remained bullish. on at that pointcal spending they expect small increases but plans for u.s. hiring in the next six months dropped as did the outlook for the gdp growth. now they expect a flat 2% gdp growth, a decrease of 0.2%. the ceo, josh bolten from the bush white house, said the optimism is underpinned specifically by tax reform and that if that hits the skids ceos will be quick to reduce their current plans. he told reporters this morning, quote, what policymakers should take away from that is u.s. businesses remain very optimistic but there's also a potential down side from failure. that should add to the urgency with which they pursue these reforms. the survey took place between may 3 and may 24th. the pr

i'm kayla tausche. at this hour stocks are mixed holding steady off the lows of the session. the nasdaq and s&p 500 both on pace for their second straight losing week. the s&p 500 hovering just about at that break even level retail names taking a hit following the amazon deal news and the dow turning positive up by about eight points. it would be high fer it weren't for walmart's drag of 25 points, down 4.5%. energy the best performing sector chevron, all leading the way today. michelle caruso-cabrera is down in miami with the president's big announcement >> hey there, kayla, yes i'm in little havana where a large concentration of cuban exiles trump and that is why president trump is coming here to announce his new cuba policy trying to make positive on a campaign process he made he believes cuban-americans in miami were crucial to delivering florida to him we are waiting to hear what these new policies will be in his speech we've gotten some hints. slightly tougher travel for americans. prohibitions on doing business with the cuban military and security officials we'll give

kayla tausche is at the white house with more. >> reporter: it's a little bit of a tense relationship between technology and the white house the industry in many of the companies here today have been critical of the white house's domestic policies but they'r big vendors to the government. they sell a lot of their services to the administration and that is what they're going to be discussing today we saw many of those leaders walking in for this meeting that is expected to get under way the leaders of alphabet, ibm, microsoft, akamai, adobe, qualcomm the list goes on many would not say anything when i asked them what they hoped to get out of the meeting and what roles their company could play in shaping those the ceos of mastercard said they were looking forward to the discussion on cybersecurity. they specifically acknowledged that, yes, his company does a ton of business with the u.s. government they are hoping to advance the government's move to the cloud and to secure much of its data but when i asked him about this discord between the west coast, between technology and the trump a

steve scalise were shot in virginia this morning during practice for a charity baseball game our kayla tauschethere with the latest details kayla? >> reporter: well, kelly, kids are walking home from school riding their bike home from school in this residential area and finding full city blocks are cordoned off by this caution tape that you see behind me. nearly nine hours after a gunman opened fire on this baseball field where republican lawmakers were practicing. fbi agents, the forensic team have been sweeping up the evidence on this field that were left by the players and by the gunman we are waiting word on exactly what they have found and the developments in this case. just a few moments ago, the congressional sports for charity organization held a bipartisan press conference announcing that the game for charity that the congressmen were practices for will go on scheduled tomorrow night. they acknowledge that the lawmakers cared deeply about this game and democrat mike doyle spoke about specifically where the democratic team was when they learned about what had happened to the republican

kayla tausche? >> ceos in the u.s.ent in the economy but that flattened after a sharp jump last quarter. the composite is a mosaic of sorts for the expectations of six months. it saw a slight uptick but reached its highest level in three years. the 148 ceos surveyed remained bullish on sales and expect slight increases in capital spending, but interestingly, plans for u.s. hiring in the next six months actually dropped as did the outlook for this year's gdp growth. those ceos now expect 2.0% gdp for the rest of the year, a decrease of 0.2 of 1% from the previous survey three months ago. this survey took place between may 3rd and may 24th, a three-week period where the house passed the health care bill, director james comey was fired and an overcease trip with mixed results from allies. ceos want tax reform. the organization's chair jpmorgan's jamey dimon and ceo josh bolton say the report shows the confidence in the prospects for tax reform going forward. the white house legislative director told reporters last night t

our kayla tausche is in washington with the latest on that moving target kayla, what can you tell us? >> sara, it's six weeks after the house passed its version of the health care bill and well into an opaque process being run by the senate, but just a few moments ago senate majority leader mitch mcconnell provided some details about how that process is going >> we're going to lay out a discussion draft thursday morning. you'll be able to take a look at it i think you've heard from some of my colleagues the likely highlights of it, and i wouldn't want to compare it to the house bill it will speak for itself. >> that was in response to a question about whether the bill would reflect more heart as the president has requested from the senate version of this now, the senate majority leader stopped just short of saying that it was guaranteed to pass, and to that end senator bob corker told cnbc it's impossible to know how many votes they have in support of this without it actually being out there and senator ted cruz telling me in the hallways here that he believes that there's still quite

unchanged throughout the discussion of what was taking place there in washington let's bring in our kayla tau tausche. >> reporter: he said he did not recall that third meeting that had previously been reported by the media at the mayflower hotel. he did not recall that and when asked by senator joe manchin he said he did not recall meetings with them earlier. he did say as you mentioned that he recused himself in the earlier days of the russian investigation because he identified himself as a principle adviser in the campaign and it was not appropriate for him to remain in that investigation on the firing of the fbi director and the rolethat he played, he said he gave the recommendation to the president that he was asked to give, so that he and the attorney general rod rosenstein shared concerns about comey and whether he was the right person for the job before either of those attorneys were confirmed into their roles at the justice department. he did not say what he and the president discussed privately. he tried to invoke some form of executive privilege, where he said those conversations were pri

consumer finance regulator and reassess a broad range of banking rules our kayla tausche has more detailsre? >> sara, this report that's expected to come from the treasury department is the result of a february 3rd executive order that the president asked treasury secretary mnuchin to evaluate all the regulations reportedly hitting the sector and they're lifting the threshold for significant scrutiny on banks, changing the jurisdiction and exempting banks of less than $10 billion in assets from certain provisions of the volcker rule we'll see what's in it when it comes out later today. the other big agenda item is health care. with a senate bill surfacing as early as this week the leadership is currently deciding whether or not to include defunding for planned parenthood in the bill and potentially risk losing two republican senators' votes we'll see what happens there for the white house's part it's trying to regain the policy footing this week after a drum beat of news around the russia investigation and the comey testimony last week. it has labelled this week a week themed for workforc

you're kayla tausche over at the white house. now on russia's threat to target u.s. coalition aircrafts in syria. how much of an escalation is this >> reporter: well, certainly an escalation of rhetoric it was a u.s. f-18 super or net aircraft that conduct the the shoot-down of the syrian airplane over the weekend. in response the russians suggested that they might treat american aircraft and coalition aircraft in the air west of the euphrates as targets they might lock them on and treat them as targets in the combat area there. sean spicer, the white house press secretary, was asked about that today here's what he said the u.s. response was he said obviously we're going to do what we can to protect our interests, and, you know, this is something that we're going to continue to work with. keep the lines of communication open he was also asked if the united states would change any of its flight patterns in the region. he referred that question to the department of justice, so clearly an effort here at the white house to sort of downplay the tensions and de-escalate th

i'm kayla tausche in for kelly evans. here's how we're finishing the day on wall street.n afoot. from the tech sector, which had been up 18.5% so far this year, but taking a shoarp leg downwar. the worst day for the nasdaq since brexit. the composite closing down 1.8%. the s&p roughly flat. we did see some bay buying on the dow, which closed down about half of one percent. banks yet again and energy the strongest sectors there. tech stocks, they have been tanking. coming up, we're going to talk about if the tech rally is over or if potentially now is a buying opportunity for those fang stocks. so we're going to discuss all of that. you're seeing some pretty sharp moves. netflix down close to 5%. joining us today are season's mark santelli and jim khan. mike, everyone had been saying that the market was overdue, especially tech, for a correction. but the timing and the precipitousness of the decline today, what do you make of that? >> it's interesting. now, banks started to rally a couple days ago. you started to see the inklings of some kind of rotation in the works. i th

senate expected to release a discussion draft of its healthcare plan at 9:po a30m eastern time kayla tauscheas a look at what to expect. one of the lead stories in the "journal." now we're up to six. even ron onson, who i don't think of as either a firebrand like rand paul or ted cruz, he says he has problems because he has not seen it. won't have time. >> right >> this rollout, i don't know. how will it go >> there are a handful -- we reported six yesterday on cnbc of republican senators who have concerns about the bill they are hearing is being put together. that number seems to have climbed by a couple in the last few hours. because many of the senate republicans won't be seeing this draft bill until at or around the same time of the general public so yesterday evening i was on capitol hill to try to glean what i could from the senate republicans who were walking around after votes and i want to share with you what i learned i spoke to senator pat toomey of pennsylvania, who is on the working group, the small group drafting this. he said on tax credits that you will find in our bill versu

testify about russian interference about the election before the senate intelligence committee kayla tauscheas more on the top political stories. good morning >> good morning. that is the top political story. the attorney general's testimony will be open to the public this afternoon around 2:30 where he will attempt to set the record straight on his meetings with sergei kislyak, his role in the firing of fbi director jim comey and comey's comments last week eluding to classified facts that would require sessions to recuse himself in the russia investigation. press secretary sean spicer yesterday was asked whether the president would seek to keep any of his conversations with sessions private spicer said it depends on the questions. two senate committies reached a bipartisan deal to strengthen russian sanctions on cyberactors as well asmining, metal and shipping industries. another layer of intrigue to the story. president trump's personal friend, chris ruddy, seen leaving the west wing less than an hour before making these comments to pbs about how the special counsel investigation into the