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Nov 26, 2013
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bertha coombs with that story. >> quiet day today. certainly the stronger dollar didn't necessarily prove to be the tail wind you might have expected. nat gas today upfor sixth straight session with that cold weather socking much of the country and that storm making its way to the east coast. that's certainly adding to the demand. as far as the rest of the energy patch, a mixed picture. we did have earlier brent and light sweet crude higher, bouncing off that big plunge after the deal with iran was announced. but now we're looking ahead to inventories which will come in tomorrow. we are expected to see tenth straight week of building inventories for crude. we will get nat gas, expecting a 7 cubic foot withdrawal in nat gas. that comes out tomorrow. bill, i know you look at what's going on at the pump.
bertha coombs with that story. >> quiet day today. certainly the stronger dollar didn't necessarily prove to be the tail wind you might have expected. nat gas today upfor sixth straight session with that cold weather socking much of the country and that storm making its way to the east coast. that's certainly adding to the demand. as far as the rest of the energy patch, a mixed picture. we did have earlier brent and light sweet crude higher, bouncing off that big plunge after the deal...
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Nov 27, 2013
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bertha coombs is on today's pump patrol. >> on the eve of thanksgiving price around the country are pretty much where they were yesterday. the national average remains at $3.29 a gallon. that's eight cents higher than a week ago. we are seeing prices trending upward over the last week, drivers across the country are seeing much more money in their pockets this year. gus buddy predicts we'll see gas nationally at $3.2 for the holiday and throughout the rest of the weekend. if you're looking for cheap gas today you'll find it in osage beach, missouri, where a gallon costs you $2.8. overall, consumers will have an extra $2 billion in their pockets because of the cheaper gas prices compared tos last year. that will buy a lot of stocking stuffers on black friday. that's your pre-holiday pump patrol. back to you guys. >> bertha, thank you so much. let's get to the stock markets. as everyone is hitting the roads, the rails, the air, their
bertha coombs is on today's pump patrol. >> on the eve of thanksgiving price around the country are pretty much where they were yesterday. the national average remains at $3.29 a gallon. that's eight cents higher than a week ago. we are seeing prices trending upward over the last week, drivers across the country are seeing much more money in their pockets this year. gus buddy predicts we'll see gas nationally at $3.2 for the holiday and throughout the rest of the weekend. if you're...
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Nov 19, 2013
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bertha coombs has new development. what now? >> during the hearing, henry cho, the deputy information officer talked about how much of the website needed to be built. what he meant to say was 60 to 70% is built and it's at 30 to 40% that is unbuilt. and he said among those, the key things that remain up built are the payment system. he didn't say how much of that payment system and collection system is actually at the heart of this. we hope to get an update from cms during their conference call coming up in just a couple of minutes. one industry official, brian, tells me that's like setting up an on-line bank without a way for someone to make deposits. it is troubling to him. >> it certainly is. thank you very much. another slip up there. all right. if you know the royal palm hotel in south beach or the westin boston waterfront you've got our next two guests to thank. two of the most successful real estate developers in america.
bertha coombs has new development. what now? >> during the hearing, henry cho, the deputy information officer talked about how much of the website needed to be built. what he meant to say was 60 to 70% is built and it's at 30 to 40% that is unbuilt. and he said among those, the key things that remain up built are the payment system. he didn't say how much of that payment system and collection system is actually at the heart of this. we hope to get an update from cms during their...
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Nov 28, 2013
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bertha coombs joins us with more. bertha what does this delay mean for small businesses and their employees? who does it affect? >> it affects businesses with fewer than 50 employees. they are not mandated to provide them with insurance, but this program, the shop its called for small businesses would allow them to look at plans and enroll employees automatically. originally they delayed it until november 1st and now it's being delayed another year. they will be able to get tax credits retroactively the way a lot of small businesses do it. it just indicates, tyler, they are having still a lot of technical issues on trying to clear things up on healthcare.gov and this afternoon dow jones is reporting that hewlett packard will serve as the host of healthcare.gov replacing verizon eastverizon's. they had an outage that lasted more than a day because of the hosting company having gone down the fail saves and backups didn't work. they had another unexpected outage this week that appeared to have been related to that, and s
bertha coombs joins us with more. bertha what does this delay mean for small businesses and their employees? who does it affect? >> it affects businesses with fewer than 50 employees. they are not mandated to provide them with insurance, but this program, the shop its called for small businesses would allow them to look at plans and enroll employees automatically. originally they delayed it until november 1st and now it's being delayed another year. they will be able to get tax credits...
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Nov 14, 2013
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bertha coombs, thank you very much. before the enrollment numbers came out the technology chief went to capitol hill to answer questions from congress. on a chilly day in washington, it got hot. eamon javers has more. eamon? >> reporter: it was hot. tough day for the obama administration on capitol hill. there was a lot of squabbling in the hearing room, real tensions evident between democrats and republicans on this panel but the obama administration officials were asked time and time again whether or not they can promise to hit the november 30th deadline for fixes healthcare.gov they laid out for themselves. they are unable to give a concrete answer to that that really brought confidence to the republicans on the panel on capitol hill. take a listen to this exchange where they ducked the issue whether or not they can guarantee november 30th is a head deadline for a fix. >> are we going to hit november 30th? >> thank you for the question and thank you for your kind words at the beginng, as well. the goal that has been
bertha coombs, thank you very much. before the enrollment numbers came out the technology chief went to capitol hill to answer questions from congress. on a chilly day in washington, it got hot. eamon javers has more. eamon? >> reporter: it was hot. tough day for the obama administration on capitol hill. there was a lot of squabbling in the hearing room, real tensions evident between democrats and republicans on this panel but the obama administration officials were asked time and time...
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Nov 22, 2013
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bertha coombs joins us on challenges facing young people buying insurance for the first time and find pg it confusing. >> it's daunting for a lot of us. we're used to buy iuying insura during open enrollment. it can be tricky. for millions buying for the first time on the new health exchanges, there is a learning curve and in some cases because there are too many options and not enough too ma many choices. 30-year-old michael chad wick is over due for an mri screening after having a benign tumor removed back in college. >> in a couple years i've been making too much money to qualify but not making enough with my other bills to afford health insurance. >> reporter: 28-year-old katy has put off dental surgery and insurance for the same reason. >> i can't save up the money. >> reporter: the freelancers are exploring on the state's exchange. it's the first time they are buying insurance and finding sorting through the differences between deductibles, out-of-pocket cost and co-pays is overwhelming. >> here is a dental. >> reporter: katy found more than 70 options, those with lower deductib
bertha coombs joins us on challenges facing young people buying insurance for the first time and find pg it confusing. >> it's daunting for a lot of us. we're used to buy iuying insura during open enrollment. it can be tricky. for millions buying for the first time on the new health exchanges, there is a learning curve and in some cases because there are too many options and not enough too ma many choices. 30-year-old michael chad wick is over due for an mri screening after having a...
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Nov 2, 2013
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bertha coombs, "nightly business report." >>> still ahead, a kodak moment. the iconic brand is back on the big board but how does it company differ from the old and is it a good investment? >>> who says you can't go home again? kodak emerged from bankruptcy and traded again today on the new york stock exchange but as hampton pearson reports, the pioneering photography company is different from your great grandfather's kodak. >> reporter: the new kodak is a technology company focused on imaging for business with a full line of high tech commercial printing products. now trading on the nyse with the new tricker symbol kodk today was the first kodak moment for the new business according to ceo antonio perez. quote, the change in our symbol reflects we're a new company focused on business to business product services capitalized and committed to delivering value for shareholders and invasion to our customers. the rodchester company founded in 1889 became an american icon selling cameras, film, chel kim and photograph paper but those became useless in the digital
bertha coombs, "nightly business report." >>> still ahead, a kodak moment. the iconic brand is back on the big board but how does it company differ from the old and is it a good investment? >>> who says you can't go home again? kodak emerged from bankruptcy and traded again today on the new york stock exchange but as hampton pearson reports, the pioneering photography company is different from your great grandfather's kodak. >> reporter: the new kodak is a...
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Nov 19, 2013
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i'm bertha coombs with this news alert. this just in to cnbc tonight. the $13 billion settlement between jpmorgan and the justice department is official. all the issues have been worked out and will be announced tomorrow. >>> moving on, a huge outbreak of tornadoes and strong winds hitting the midwest yesterday. eight people killed. hundreds injured, and hundreds of homes and buildings completely destroyed. the worst tornado hit washington, illinois, with winds up to 200 miles per hour. >>> mf global has been ordered to pay money to those it injured in the collapse. it was led by jon corzine, whose bad bets on european debt caused the company's ruin. >>> and formerer treasury secretary tim geithner has found a new job at warburton pincus. it's relatively low profile compared to some of the names on wall street that surely would have taken him on. but he didn't want to go to a company that he had regulated while he was at treasury or the new york fed before that. because he didn't want to play into perceptions about the close relationship between the ban
i'm bertha coombs with this news alert. this just in to cnbc tonight. the $13 billion settlement between jpmorgan and the justice department is official. all the issues have been worked out and will be announced tomorrow. >>> moving on, a huge outbreak of tornadoes and strong winds hitting the midwest yesterday. eight people killed. hundreds injured, and hundreds of homes and buildings completely destroyed. the worst tornado hit washington, illinois, with winds up to 200 miles per...
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Nov 22, 2013
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bertha coombs is in jersey city, new jersey, with the latest. hi, bertha. >> hi, it ty. we're going to get an update at the bottom of the hour from cms about how they're doing and how they're doing going todays their deadline of november 30th to have the system working well. here at the horizon health center in jersey city they have been enrolling people for the last seven weeks. 300 people through the process, not once have they made it all the way through on-line. a lot of the navigators here have simply resorted to always calling the call center. . >> having somebody there live with you, from the marketplace, to kind of guide you through the process, both myself and the client through the proces process, makes things a little bit easier and seems their system is running a little faster somehow. >> reporter: now they were still having problems this morning. but then this morning, a breakthrough. with nancy mercado they made it all the way through the system on-line. she's been unemployed for five months so she discovered after just a few minutes that she will be able t
bertha coombs is in jersey city, new jersey, with the latest. hi, bertha. >> hi, it ty. we're going to get an update at the bottom of the hour from cms about how they're doing and how they're doing going todays their deadline of november 30th to have the system working well. here at the horizon health center in jersey city they have been enrolling people for the last seven weeks. 300 people through the process, not once have they made it all the way through on-line. a lot of the...
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Nov 4, 2013
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. >>> cbc cnbc's bertha coombs. a new poll by cnbc and associated president said 30% of people believe buying twitter stock is a good investment. 47% say it is not. ahead of facebook's ipo last year, 51% said that company was a good indevelopment. only 35% believe that twitter will be successful in five years. ebay may start accepting more forms of digital currency. the company's ceo tells the "financial times" the initial focus will be on incorporating retailers' reward points programs into pay pal. and lululemon is fielding new complaints about the quality of its yoga pants. earlier all-of pants because they were too sheer. some consumers say they're still too sheer and fall apart after a few months of wear. >>> honda is voluntarily recalling 2007 and 2008 to fix a minivan problem. >>> ikea is experimenting with a second hand online flea market for their customers who want to unload their gently used furniture. >>> massive cache of paintings thought to contain work by picasso and matisse were recover covered among
. >>> cbc cnbc's bertha coombs. a new poll by cnbc and associated president said 30% of people believe buying twitter stock is a good investment. 47% say it is not. ahead of facebook's ipo last year, 51% said that company was a good indevelopment. only 35% believe that twitter will be successful in five years. ebay may start accepting more forms of digital currency. the company's ceo tells the "financial times" the initial focus will be on incorporating retailers' reward...
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Nov 15, 2013
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. >> they need bertha coombs in the marketing department. >> more r everything >> hav a great e. thanks. >> i want t check the forecast with meteorologist christina loren. you got the temperatures now. >> i do. you knowwhat, we made it tthe weekend, happy fday evybody. and temperatures e chilly to start the day. 've got a nice looking second half of the day with almost uniform numbers across the greater y area. i want to start with yr hour by hour forecast for emeryville, about noon at 60, 6 at 4:00 p.m. don't want to wai for the day forecast y no lonr have to. we've gothat scrolling here at the bottom of your screen we he two opportunities for ra. we head throughout the mning hours let's talk about what's going to happen today. santa ana wind the weather ory. througut this afternoon we ha a weak disturbce coming throh that's going to kickp intense wind. it will be t most feared along getting theranges and reds so keep in mind is a blustery no rain just yet. we'll talabout what not to but here is your microclimate forecast. find your region on ts map. cupertino65, 6 in belmont. a
. >> they need bertha coombs in the marketing department. >> more r everything >> hav a great e. thanks. >> i want t check the forecast with meteorologist christina loren. you got the temperatures now. >> i do. you knowwhat, we made it tthe weekend, happy fday evybody. and temperatures e chilly to start the day. 've got a nice looking second half of the day with almost uniform numbers across the greater y area. i want to start with yr hour by hour forecast for...
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Nov 6, 2013
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thank you very much for joining us and we have breaking news with bertha coombs in washington. what do you have? >> mandy, you know, there have been a number of people on capitol hill calling for heads to roll with the botched rollout of healthcare.gov. cms announcing that tony trengle, the chief information officer and director of the office of information services at cms involved partly with the rollout of healthcare.gov will be leaving effective november 15th to join the private sector. according to some memos he wasn't involved in asking to put off a full security test for 90 days in september. one of the things people have criticized in terms of this rollout on the call this afternoon, cms did not say what the reason was. they only said that mr. trenkle will be leaving to join the private sector. back to you. >> november 15th is the date. thank you for joining us, bertha coombs, with breaking news in washington. >>> still ahead, could one of these wise men and yes, they are all men, be next in line to run microsoft? >> what started as a fast food fight, has turned into an
thank you very much for joining us and we have breaking news with bertha coombs in washington. what do you have? >> mandy, you know, there have been a number of people on capitol hill calling for heads to roll with the botched rollout of healthcare.gov. cms announcing that tony trengle, the chief information officer and director of the office of information services at cms involved partly with the rollout of healthcare.gov will be leaving effective november 15th to join the private...
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Nov 20, 2013
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thank you very much, bertha coombs. >>> let's take a look at what existing home sales did, they fell last month to the lowest levels since june. i want to get to diana olick to run us through the numbers, which aren't quite as bad as they seem at face value. >> look, we knew sales were slowing, but this is actually a bit worse than xptds. existing home sales down 3.2% as supplies for homes for sales are not improving. still low levels. it's taking a little longer to sell a home. 54 days up from 50 in september and the low of just 37 in june. the weakest region in october was the west where prices have surged and inventories are way down, down over 26% in san francisco alone. sales down 7% month to month and down nearly 2% year over year. that's the only region with an annual decline by the way. what's the problem? affordabili affordability. the median home price in october up over 12% annually. this as personal income has grown less than 3%. mortgage rates we know are see-sawing but above where they were a year ago. you can see all of this affect in the declining affordability in tha
thank you very much, bertha coombs. >>> let's take a look at what existing home sales did, they fell last month to the lowest levels since june. i want to get to diana olick to run us through the numbers, which aren't quite as bad as they seem at face value. >> look, we knew sales were slowing, but this is actually a bit worse than xptds. existing home sales down 3.2% as supplies for homes for sales are not improving. still low levels. it's taking a little longer to sell a home....
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Nov 14, 2013
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bertha coombs for us. simon baker in the context of health care stocks overall, you've been more bullish on the market than perhaps some of the other folks that have come through the set in recent weeks. do you think, as one of the best performing sectors of the year, there will be a rotation away from a more defensive-minded sector into some more risky or more cyclical areas of the market? >> yeah. i think we've talked about that on the desk, and i think we all agree, hedge fund's up 6%. i think you've still got to stick with the names. i agree with stephanie like tenet health care. i think ultimately people can get insured by the website, those companies are going to benefit and i think the expectations have come down so low, they'll be better next year so i'd stick with those names. >> i would say stick with the hmos. stephanie points out that expectations have been lowered after he werin earnings. guidance and pricing real conservative. who's best positioned and understands what's going to happen here
bertha coombs for us. simon baker in the context of health care stocks overall, you've been more bullish on the market than perhaps some of the other folks that have come through the set in recent weeks. do you think, as one of the best performing sectors of the year, there will be a rotation away from a more defensive-minded sector into some more risky or more cyclical areas of the market? >> yeah. i think we've talked about that on the desk, and i think we all agree, hedge fund's up 6%....
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Nov 4, 2013
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bertha coombs is live with the details on that plus a look at how futures are trading for this monday morning. good morning. >> good morning. further and further away from actual dollars. futures this morning are pointing to a higher start so markets come off a mixed week with the dow and s&p 500 ending in positive territory, notching new highs last week. the nasdaq slipped a fraction. we'll get a lot of data this week, some might still be skewed by the impact of the government shutdown last month. we're going to get numbers on factory orders, later this week on productivity, personal income and spending, consumer sentiment, gdp and the big number, friday, the october jobs report. the dow starts at 15,616 after gaining 70 points on friday, the nasdaq at 3922, after adding a couple. ebay may start accepting more forms of digital currency. the company's ceo says the focus would be on incorporating retailer reward points programs into paypal. e-commerce has yet to combine the practical nature of shopping on line with the social experience of shopping at the mall. and there could be more
bertha coombs is live with the details on that plus a look at how futures are trading for this monday morning. good morning. >> good morning. further and further away from actual dollars. futures this morning are pointing to a higher start so markets come off a mixed week with the dow and s&p 500 ending in positive territory, notching new highs last week. the nasdaq slipped a fraction. we'll get a lot of data this week, some might still be skewed by the impact of the government...
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Nov 15, 2013
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let's turn to bertha coombs. what do these fixes mean? >> because it's voluntary, it's something they need to look at. the insurers turned a page on the plans. they haven't priced what they would be for 2014. effectively, they now have a 30-day window they would have to try to do this because people who want the plans expiring on december 31st to be able to renew them for january 1st, they have to put premiums in and pay them by the 15th of december. so here are the things they would need to do in the next 30 days, they need to figure out what the price is on those plans. calculate all that for 2014. they would need to get approval from state insurance and the state insurance commissioners. washington state weighing in saying they don't want to do this, and they need to be able to get the plans out to the customers and collect their premiums, all in the next 30 days. >> sounds like you're say thing is not feasible. will they fight back or will they do what the white house wants them to do? >> it's like when you play your mom off your dad.
let's turn to bertha coombs. what do these fixes mean? >> because it's voluntary, it's something they need to look at. the insurers turned a page on the plans. they haven't priced what they would be for 2014. effectively, they now have a 30-day window they would have to try to do this because people who want the plans expiring on december 31st to be able to renew them for january 1st, they have to put premiums in and pay them by the 15th of december. so here are the things they would need...
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Nov 8, 2013
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the promise is made to have all the bugs worked out by the end of the month, but as bertha coombs tells us, that might be a tough promise to keep. >> touring a call center in atlanta, kathleen sebelius said administration is searching for a way to help millions of americans whose health plans have been cancelled but won't qualify for insurance subsidies under the affordable care act. >> we're looking at a range of options. there is not a specific propo l proposal. >> reporter: after weeks on the defensive, it's a tone echoed by the president himself. in an interview with nbc news he apologized for his blanket pledge if people like their plan, they would be able to keep it. >> i am sorry that they, you know, are finding themselves in this situation based on assurances they got from me. we got to work hard to make sure they know we hear them and that we'll do everything we can to deal with folks who find themselves in a tough position as a kops kweconsequence. >> reporter: the president maintains many americans will find better deals on the online marketplace and pledge that the federal s
the promise is made to have all the bugs worked out by the end of the month, but as bertha coombs tells us, that might be a tough promise to keep. >> touring a call center in atlanta, kathleen sebelius said administration is searching for a way to help millions of americans whose health plans have been cancelled but won't qualify for insurance subsidies under the affordable care act. >> we're looking at a range of options. there is not a specific propo l proposal. >> reporter:...
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Nov 4, 2013
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. >>> and now for your first look at business, we turn to bertha coombs. >> good morning. twitter's ipo is happening this week. a new poll finds the public is skeptical about the social networking company. some 47% say buying twitter stock would be a bad investment was a good investment. >>> and ebay may start accepting more forms of digital currency. the company ceo tells the financial times the initial focus will be out incorporating retailer reward programs to pay pal. and lululemon is fielding new complaints about the quality of its yoga pants. earlier they recalled pants because they were too sheer. shall consum some consumers say they're still too sheer and fall apart after just a few months of wear. that won't make you comfortable in downward facing dog. >>> straight ahead, rand paul continues to fight back against charges of plagiarism and wishes he could fight his accusers in a dual. and rachel maddow is fantastic on the simpsons. [ laughter ] he loves me. he loves me not. he loves me. he loves me not. ♪ he loves me! that's right. [ mom ] warm and flaky in 15, e
. >>> and now for your first look at business, we turn to bertha coombs. >> good morning. twitter's ipo is happening this week. a new poll finds the public is skeptical about the social networking company. some 47% say buying twitter stock would be a bad investment was a good investment. >>> and ebay may start accepting more forms of digital currency. the company ceo tells the financial times the initial focus will be out incorporating retailer reward programs to pay...
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shis called a donovan, let's rn to bertha coombs. good morning. >> good morning. certainly exciting thedea of a woma fed chairperson. financial world on the planet. futures pointin to a higher start t dow and s&p 500 hit record highs. yellen told lawmakers sheould maintainhe current fed policy. that'shat wall street wanted to hear. we'll get data on industrial production and business inventors, probabl in about 13 minutes or so. the dow will start e day at 1576 after 54 points and the nasdaq is quietly ihing up to 4,000, startin at 3973, after gaining 7. so we'reetting back to 4,000. stl could be a wle before there.but we're working back working our way back to you. bertha, he a great weekend. 5:17. the british version o vogue magazine called uk vogueecided to feature silon valley women inn article it'salling high tech roines. marissa meyer is the first woman of googl and yahoo!. and she is also married. as it happens we wille takg a closer look at women and engineering on press here as we talk to the creat of you were talking about p it the other day. it's goldie
shis called a donovan, let's rn to bertha coombs. good morning. >> good morning. certainly exciting thedea of a woma fed chairperson. financial world on the planet. futures pointin to a higher start t dow and s&p 500 hit record highs. yellen told lawmakers sheould maintainhe current fed policy. that'shat wall street wanted to hear. we'll get data on industrial production and business inventors, probabl in about 13 minutes or so. the dow will start e day at 1576 after 54 points and the...
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bertha coombs joins us with details. bertha? >> so the obama administration has given itself 26 days to get the federal website fixed and running smoothly. and in the meantime, they say they are now going to be taking healthcare.gov down between 1 a.m. and 5 a.m. it started over the weekend. they'll be doing it now on a daily basis. while it will be another week before we get official enrollment data from the obama administration, some interesting indicators from a commonwealth fund survey. fewer than 1 in 5 merndz who could be eligible under obama care said they visited healthcare.gov. while 60% of those polled know about the online marketplaces, only slightly more than half are actually aware of the availability of subsidies. of those who visited the exchanges, 21% said they had actually enrolled. among early shoppers 1 in 5 is younger than 30. while more than half are between 30 and 49. 73% describe themselves as being in good or excellent health. while 1 in 4 say they're in fair to poor health. now, tomorrow marilyn tavenner
bertha coombs joins us with details. bertha? >> so the obama administration has given itself 26 days to get the federal website fixed and running smoothly. and in the meantime, they say they are now going to be taking healthcare.gov down between 1 a.m. and 5 a.m. it started over the weekend. they'll be doing it now on a daily basis. while it will be another week before we get official enrollment data from the obama administration, some interesting indicators from a commonwealth fund...
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Nov 22, 2013
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bertha coombs joins us with the details. >> it's controversial within california itself. they have voted against allowing health insurers to renew a million plans that have been canceled because of the new standards. those ensuspeciall insures incl the of the estastate's largest. now, the concern is that it may disrupt the enrollment on the exchange which is going well in california. 80,000 have signed up, over a third are over 65, at less than a quarter under the key younger dw demographic. dave jones called it a disservice to consumers but admits there is little he can do about it. he says insurers like cigna which are not selling plans on the exchange have been trying to extend plans for their customers through next year. california isn't alone. other states that have bimt their own exchanges seem to be trying to protect their turf and they're seeing relatively smooth enrollments, so they're also saying no including new york, massachusetts, minnesota and washington state. >> this may be a dumb question, but for these big insurers, you mentioned stig in cigna, the bl ou
bertha coombs joins us with the details. >> it's controversial within california itself. they have voted against allowing health insurers to renew a million plans that have been canceled because of the new standards. those ensuspeciall insures incl the of the estastate's largest. now, the concern is that it may disrupt the enrollment on the exchange which is going well in california. 80,000 have signed up, over a third are over 65, at less than a quarter under the key younger dw...
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Nov 4, 2013
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bertha coombs is live at cnbc headquarters. good morning. >> good morning, scott. futures point to a higher start. the dow and the s&p 500 hitting new all-time highs ending in positive territory. the nasdaq slip add fraction for the week. this week we're going to be looking at a lot of data coming out although some might still be skewed by the impact of that two-week government shutdown in october. we'll get numbers on factory orders in about with 15 minutes, later numbers on productivity, personal income and spending, consumer sentiment, third quarter gdp, how fast the economy grew in late summer, then the big october jobs report on friday. the jobs report always the most important that the fed and everyone watches as a real gauge of how the economy's doing. the dow will start at 15,616, rising 70 points, and the nasdaq will start at 3922 after adding 2 points. and the other thing that's going to be interesting to watch is that twitter is debuting on the new york stock exchange. they had a big test to make sure that it did not go off anything like facebook's debut
bertha coombs is live at cnbc headquarters. good morning. >> good morning, scott. futures point to a higher start. the dow and the s&p 500 hitting new all-time highs ending in positive territory. the nasdaq slip add fraction for the week. this week we're going to be looking at a lot of data coming out although some might still be skewed by the impact of that two-week government shutdown in october. we'll get numbers on factory orders in about with 15 minutes, later numbers on...
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Nov 13, 2013
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i'm bertha coombs. developments on the affordable care act out of the white house today. jay carney the white house spokesperson in his update this afternoon saying to expect at some point soon some sort of announcement with regard to the issue of people losing their health care plans. when asked about enrollment numbers which the hhs secretary kathleen sebelius promised would be released this week, he said he believed that hhs would have an announcement later on today. there is a 3:30 conference call the daily conference call this afternoon will take place at 3:30 and brian, of course, we will be monitoring that call, if any numbers do come forward we'll bring them to you right away. no let's get street talk time. as stock number one is lululemon and no jokes about the new rating either. >> i figured a little led zeppelin would be great for this segment. talks about sweet talk which is like street talk. lulu lemon with an overweight rating at jpmorgan chase which has gotten sideways glances. after plenty of bad pr analysts believe they will see top and bottom line -- in
i'm bertha coombs. developments on the affordable care act out of the white house today. jay carney the white house spokesperson in his update this afternoon saying to expect at some point soon some sort of announcement with regard to the issue of people losing their health care plans. when asked about enrollment numbers which the hhs secretary kathleen sebelius promised would be released this week, he said he believed that hhs would have an announcement later on today. there is a 3:30...
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Nov 6, 2013
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. >> this as the president heads to texas tonight to talk up his signature law but bertha coombs joins us with today's edition of how obama care turns. bertha. >> bill, you know, there are some in the hearing today calling for kathleen sebelius's head right to her face. interestingly enough the centers for medicare and medicaid services cms announcing its chief information officer tony trunkle will be stepping down effective next week. he oversaw the payment over i.t. services and he was according to some documents one of the officials who helped to prove the delay of a full security assessment of healthcare.gov. miss sebelius certainly got a lot of heat from both sides. max baucus warning her that if the website is not going to be fully operational at the end of the month she had better not wait until the last minute to tell congress and the american people. among the most contentious back and forth questioning coming from texas senator john cornyn over if you like your health care you could keep it despite the fact that some documents showed the administration knew there would be a l
. >> this as the president heads to texas tonight to talk up his signature law but bertha coombs joins us with today's edition of how obama care turns. bertha. >> bill, you know, there are some in the hearing today calling for kathleen sebelius's head right to her face. interestingly enough the centers for medicare and medicaid services cms announcing its chief information officer tony trunkle will be stepping down effective next week. he oversaw the payment over i.t. services and...
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Nov 22, 2013
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bertha coombs with the story. >> reporter: we're at verizon health care center in jersey city. today was the first day they could make it through online with an application. because of the problems we have seen on the federal marketplace, the obama administration today says they'll give people an extra week to sign up for coverage beginning january 1st, extending from december 15th to sign up to december 23rd. that will make a tight turn-around for insurers. nonetheless, they think it will give people a lot more time. they say november 30th they expect to have capacity on the federal marketplace. to be at least 800,000 people a day. they'll be able to accommodate that many users a day. they say it won't be a magic moment. they're going to continue to need to make repairs. at the same time, because of the problems this year, the administration is also extending and pushing back the beginning of open enrollment next year by a month to november 15th to give insurers more time to come up with their rates. one industry insiders also notes november 15th is one week after the 2014 mid
bertha coombs with the story. >> reporter: we're at verizon health care center in jersey city. today was the first day they could make it through online with an application. because of the problems we have seen on the federal marketplace, the obama administration today says they'll give people an extra week to sign up for coverage beginning january 1st, extending from december 15th to sign up to december 23rd. that will make a tight turn-around for insurers. nonetheless, they think it...
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Nov 6, 2013
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compared with last week, bertha coombs where she was on the republican controlled house side. >> she still got tough questioning from both sides of the aisle. senate finance chairman max baucus, in fact, warning the secretary not to wait until the last minute if, in fact, there are signs that website will not be fully functional as promised by the end of this month. the republicans continue to hammer on the issue of plans that have been canceled and also on the issue of security both on the site and involving those in-person navigators not required to undergo federal screenings, here's senator cornyn. >> so a convicted felon could be a navigator and could acquire sensitive personal information from an individual unbeknownst to them? >> that is possible. we have contracts with the organizations and they have taken the responsibility to screen their individual navigators. >> reporter: secretary sebelius did not shed much light on just how much details she would have when she does finally report those enrollment numbers next week. >> the enrollment numbers, which we will release next we
compared with last week, bertha coombs where she was on the republican controlled house side. >> she still got tough questioning from both sides of the aisle. senate finance chairman max baucus, in fact, warning the secretary not to wait until the last minute if, in fact, there are signs that website will not be fully functional as promised by the end of this month. the republicans continue to hammer on the issue of plans that have been canceled and also on the issue of security both on...
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Nov 26, 2013
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let's get to bertha coombs for today's pump patrol. >> aaa is forecasting that holiday travel will be down 1.5% this thanksgiving. even as prices at the pump are down nearly 4% from a year ago to about $3.29 a gallon. if you are traveling to visit family, you will find the best prices in the rockies and the met. if you've got family in missouri, that's where you will find the cheapest gasoline in the country at $2.73 a gallon, you'll find prices below $3 a gallon in two states oklahoma averaging about $2.96, kansas averaging around $2.99. all that bad weather making its way across the country isn't likely to impact gasoline prices. according to gas buddy. it could put a bigger dent on demand this holiday weekend if folks decide to stay closer to home. that's today's pump patrol. back to you. >> bertha, thank you very much. the housing momentum is done. strong words made right here on cnbc from this year's nobel prize winner in economics, but noble or no nobell we'll debate if robert shiller is right. >> is now the time to double down on casino stocks and how spam is literally taking o
let's get to bertha coombs for today's pump patrol. >> aaa is forecasting that holiday travel will be down 1.5% this thanksgiving. even as prices at the pump are down nearly 4% from a year ago to about $3.29 a gallon. if you are traveling to visit family, you will find the best prices in the rockies and the met. if you've got family in missouri, that's where you will find the cheapest gasoline in the country at $2.73 a gallon, you'll find prices below $3 a gallon in two states oklahoma...
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Nov 27, 2013
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bertha coombs breaks down the numbers. >> hey, scott. we had a withdrawal of 13 billion cubic feet, the second withdrawal of the season. we've got natural gas here at a fresh five-month high. although it is balmy today by comparison in new york, these cold temperatures last week certainly made for big demand on the east coast, and temperatures are expected to fall back down to a normal range following the holiday. tim evans, over at citi futures says, well, arguably, near average, and kind of neutral, we view this report as constructive, and a larger draw than it might have been. and no offset on the large draw. so overall, traders today are looking at this fairly bullishly. a much better report than we saw with regard to crude earlier this morning, when we saw a billed of 3 million barrels and crude very close to 92 a barrel, as far as wti. >> all right. thanks, bertha. >>> the biggest pops and drops. first up, is expedia. simon, why is it popping? >> no real news why it's popping up 2.5%. and 18 1/2 times earnings, and travel season is
bertha coombs breaks down the numbers. >> hey, scott. we had a withdrawal of 13 billion cubic feet, the second withdrawal of the season. we've got natural gas here at a fresh five-month high. although it is balmy today by comparison in new york, these cold temperatures last week certainly made for big demand on the east coast, and temperatures are expected to fall back down to a normal range following the holiday. tim evans, over at citi futures says, well, arguably, near average, and...
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Nov 13, 2013
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bertha coombs. >> federal government putting out numbers for the first month of enrollment. these are people that have signed up for a plan. 106,000 nationally in all 50 states. when you look more closely, three-quarters of those are in the 14-state run marketplaces. just under 27,000 have gotten to that point on the troubled federal exchange. we know it as healthcare.gov, which serves as a portal for 36 states. the health department has said the numbers would be low, but these are lower than many even had estimated. where we're seeing strength, again, it is the first month, in california, over 35,000 have selected plans. in new york state, more than 16,000. and since the beginning of november, those numbers have gone up in those states as well. kentucky, 5500. on the federal exchange n some of the big states not participating, did not build their own marketplaces, the numbers are dismal. florida, just 3600 plans selected. in texas, about 3,000. pennsylvania, about 2200. so, bill, they certainly prepared people for these numbers to be low. and they will certainly say, look,
bertha coombs. >> federal government putting out numbers for the first month of enrollment. these are people that have signed up for a plan. 106,000 nationally in all 50 states. when you look more closely, three-quarters of those are in the 14-state run marketplaces. just under 27,000 have gotten to that point on the troubled federal exchange. we know it as healthcare.gov, which serves as a portal for 36 states. the health department has said the numbers would be low, but these are lower...
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Nov 8, 2013
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. >> to bertha coombs for a news update. >> speaking much health care, a number of these congressional committees have been pressing the administration for numbers. secretary kathleen sebelius has insisted she's not going to report any numbers until next week. senators orrin hatch and chuck grassley who questioned her about this on the finance committee, out with numbers this morning. they say they have contacted the four insurers on the washington, d.c., exchange, and as far as insurers are concerned, only five people at this point are enrolled. two of them at care first blue cross blue shield, three at kaiser-permanente, none at united health and aetna. however, you have to take these numbers with a grain of salt. because the d.c. exchanges has officially reported that as of october 21st, they had 164 people who had enrolled, those enrollments paid and there were 321 total who had selected plans. so this could be an issue with a lot of those insurance documents, sue, not making their way to the insurers but people having completed the process, one of the things that the secretary has
. >> to bertha coombs for a news update. >> speaking much health care, a number of these congressional committees have been pressing the administration for numbers. secretary kathleen sebelius has insisted she's not going to report any numbers until next week. senators orrin hatch and chuck grassley who questioned her about this on the finance committee, out with numbers this morning. they say they have contacted the four insurers on the washington, d.c., exchange, and as far as...
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bertha coombs, what's the deal? >> many of us struggle every year with choosing the best health plan. we're experienced. for young mill len yaennials th learning curve. 28-year-old freelancer katie irwin, it's overwhelming. she's sorting through more than 70 plan options on the new york state exchange to find out what the best mix of premiums, deductibles and co-pays will be for her. she's thinking of just defaulting to the $189 a month catastrophic plan for those under 30. that's not an option for mike chadwick who also wants a cheap plan. the 30-year-old real estate agent is looking at how high a premium plan that would cover up follow up treatments he's putting off since having a benign tumor removed from his leg years ago. >> i hardly ever go to the doctor. the thing i'm concerned about is that annual checkup and maybe want to get some blood work and an mri every six months or so to make sure that the tumor is not coming back. that's only going to cost me 50 bucks. >> he's thinking that's a pretty good co-pay. h
bertha coombs, what's the deal? >> many of us struggle every year with choosing the best health plan. we're experienced. for young mill len yaennials th learning curve. 28-year-old freelancer katie irwin, it's overwhelming. she's sorting through more than 70 plan options on the new york state exchange to find out what the best mix of premiums, deductibles and co-pays will be for her. she's thinking of just defaulting to the $189 a month catastrophic plan for those under 30. that's not an...
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Nov 21, 2013
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bertha coombs is here with more on the challenges many of those buying insurance for the first time saying i don't need this. >> or want it but don't think they can afford it in many cases. most of us get anxious about picking a plan this time of year, but it's especially tough for the millions of first-time buyers like katie irwin, you may remember her, a 28-year-old new york freelancer who last month told sue that she's worried about making premium payments under obama care. she had no problems getting on to new york state's insurance exchange, but then she found more than 70 planned options and quickly got confused by the tradeoffs when it comes to premiums, deductibles and co-pays. and just sorting through the numbers. >> i was excited at first because i mistook the tax subsidy that i get which is $65 for how much i would have to pay. and then i was gut wrenchingly sad when i saw that the cheapest plan i could get was $307. >> that was for a midrange plan. we had specialists at online brokerage gravy look over her options, and they found a catastrophic plan for people like her under 30
bertha coombs is here with more on the challenges many of those buying insurance for the first time saying i don't need this. >> or want it but don't think they can afford it in many cases. most of us get anxious about picking a plan this time of year, but it's especially tough for the millions of first-time buyers like katie irwin, you may remember her, a 28-year-old new york freelancer who last month told sue that she's worried about making premium payments under obama care. she had no...