republican illinois congressman peter ross couple is the chief deputy whip.back here to "america's newsroom.". >> good to be with you, thank you. bill: the vote will happen we believe stymied afternoon but you will speak on the floor at 1:00. what is your message? >> well the message is simple. there were false promises that were made. it was characterized not as a tax hike. the court has said without any ambiguity it is a tax hike. and the remedy is, to remove this from the, as an obstacle of job creation and let's move forward on something that's new and fresh and not be stuck in this thing that really is increasingly unpopular. that is the theme. i think ultimately the public will have the last word on this in november. bill: quite likely you're right about that. you just heard from steny hoyer more than 30 times house republicans have done this. is it still effective or is it losing its punch, do you believe? >> no this is a point of real clarity. the public, what i'm hearing from my district in suburban chicago, they have no interest having a tax hike fo

probably has more to do the point peter is making, ross, the question it raises for the sovereign sustainability funds to the actual people showing up at auction. >> here's the key point. do you still think we're heading, peter, towards a sovereign bailout? what are the chances of sovereign bailout in spain at some point? >> i would say there's been no measure made from policymakers which has got a clear path to implementation which averts this risk. so i think that the market is probably right at the moment and if anything i would argue that we should have a slightly flatter spanish curve. so it would be a curve that's taken into account price risks to a larger degree. it's really up to policymakers and perhaps at the end of the day it's going to come down the ecb to continue to support and keep this market functioning. >> which they haven't been doing. >> no. >> the spanish problem is not so much debt at the sovereign level. if you can stabilize the financial system without it meaning more government debt spain doesn't need a sovereign bailout. we may be heading in that direction because of th

peter doocy. >> when the votes were tally this had repeal measure passed the house 244 to 158 and no republican defected. mark ross from arkansas, jim mestison and larry kis el from north carolina all voted in favor of repeal. it was the 33rd vote this gop controlled congress is put together to either repeal or de fund the affordable care act. the whole process is becoming a big time waster. >>> casting these votes begun and again and again probably on average once every few weeks does nothing to improve the got tomorrow line does nothing to send a single 18-year-old person to college. does nothing to help build new industries in this country. it certainly does nothing to help provide healthcare to the american people. >>> but republicans see things differently. according to the speaker of the house the only reason their bills haven't gone anywhere is because the senate has stepped up. they have the opportunity to wido just that. >> for those who support repealing this harmful healthcare law we are giving our colleagues in the senate another chance to heed the will of the american people. for those who did not sup

here on cnbc, first in business worldwi worldwide, i'm andrew ross sorkin with becky quick, steve liesman in for joe kernen. our guest host peterackrock. the futures at this moment, we have green arrows across the board, the dow would open up about 30 points higher as would the s&p 500, which would open up about 3 points higher and the nasdaq 3 points higher as well. >>> in the headlines, dow component merck earnings and revenue beating the street's expectations, results helped by continued strong sales growth for its diabetes drug genuvia. you can see the bid is at 44, the ask at 44.97. the stock closed yesterday at 43.33. the stock is higher today. >>> facebook shares falling sharply in afterhours trade after the company's quarterly results. the second quarter earnings and the revenue were roughly in line with expectations, but the company offered no forecast to try and ease worries about the prospects for boosting advertising, a lot of questions about what's happening in terms of that mobile strategy. lot of questions about how much they're spending and how and when that's going to be paying off. earlier this morning, we spo

peter doocy. good morning. >> good morning. and the 244 members of congress who voted in favor of repeal yesterday were not all republicans because five democrats actually defected and here's the list. from arkansas, congressman mike rossathisen and from north carolina, congressman mike mcentire and congressman larry kissel, it was the 33rd vote this g.o.p. controlled congress has put together to even repeal or defund the affordable care act but the white house said before the vote, the whole process is pointless. >> casting these votes again and again and again, you know, probably on average once every few weeks does nothing to improve the bottom line for middle class families. does nothing to send a single 18-year-old american to college. does nothing to help build new industries in this country. and it certainly does nothing to help provide health care to the american people. >> the speaker of the house john boehner says their 2 1/2 dozen repeal bills have all died because the senate is standing still but he says that now is their chance to make a move. >> for those who still support repealing this harmful health care law, we're giving our colleagues in the senate another chance to heed the will of the american peop