Mrch. 28 - A look at the fallout from the Supreme Court debate on Obamacare for hospital and insurer stocks.
Day three for Obama carried the Supreme Court so -- not just the government council that has underwhelmed. This year health -- underperformed the market and we think keeping a close eye on our own basket of scrutiny of the arguments underway this week. We're closely looking at red aero sport today except for Humana and WellPoint. Monday was a big pay up for this basket but we had a nice rally for the home market thanks to -- -- Just down the street in Washington later this afternoon and that global North American CFO -- used to Wednesday. Will be facing heat from lawmakers. In prepared testimony -- when he says she desperately sought fund transfers to cover customer -- shortfall. But some banks would not -- that. -- also states she was convinced that first of the roughly one billion dollar deficit in customer funds had to be an accounting error. And only learn on the morning of the bankruptcy that the shortfall was real. Eat it O'Brien the assistant treasurer is likely to plead that today went -- -- I let's see what markets are given news right now I can see US stocks are lower we've got red arrows across the board there after a weak reading on durable goods orders cast a shadow on the manufacturing sector. You're a -- futures are lower today I over 2%. On reports that several countries including the US for considering. Releasing oil reserves ease prices at the pump EIA data also showed steep rise in -- Treasury Secretary earlier gains as investors erupt for 35 billion dollar auction of new five year notes. And as for all its retreating bullet 1680 are -- Michael's anchor is keeping 9 am precious metal. Palladium platinum and gold -- underpriced right now for palladium and platinum miner deficit in the market this year we -- cost is quite high. Those markets look like they can move another five to 10% and gold a similar move. And after the stocks to watch it got shares of Google up just a bit here big news as search giant is willing to pay oracle roughly two point eight billion dollars in damages. In the job patent case. Shares of Medco meanwhile at more than three and a half percent on news that Express Scripts me finalize its 29 billion dollar acquisition of the company next week. And shares up and air are searching their more than 13%. Of filter and pot maker has reached a deal to absorb tyco's flow control business. In a deal that would generate over seven million dollars in annual revenue. Yeah it'll as soon get your hands on FaceBook shares but don't count on much face time. With Mark Zuckerberg Beth bass but co-founder and CEO skip this social network's first major briefing for analysts and bankers last week. With Zuckerberg sent to control -- six point 9% of the post IPO voting shares. Some on Wall Street are disappointed. Now maybe he was planning his vacation. Pictures of Zuckerberg and his girlfriend in Shanghai have surfaced this week of course everyone wants to know. It didn't really -- vacation. Or is he there working on getting it's not. -- -- That's -- trading near not at Rogers is writers.