Our health care subsidies for millions of Americans are all but certain to expire at the end of this year after House Speaker Mike Johnson said yesterday there would be no vote on extending the Affordable Care Act tax credits this week. A lastditch effort by moderate Republicans to put an extension on the floor for a vote failed last night after the House Rules Committee blocked several of the amendments they were hoping to attach to a Republican health care plan released last week. Instead, today the House ...

A new poll is slashing major warning signs today for President Trump and Republicans. His approval rating on the economy, the issue that got him elected, has fallen dramatically since March to 31%. That's his lowest number in both his first and second terms. And it comes just as he's criticizing Americans who say they're hurting, asking, "When will I get credit for having created with no inflation perhaps the greatest economy in the history of our country. When will people understand what is happening. Well ...

Today, the Senate failed to pass two health care proposals. First, a Republican plan, then a Democratic plan, both dead on arrival. Now, if Congress can't agree on a plan, monthly health care premiums will more than double on average for some 22 million Americans as Obamacare subsidies expire at the end of the month.Many of those Americans will simply no longer be able to afford health care. While this is on its face a fight between Democrats and Republicans and the specifics of a plan in Congress right now ...

The president said at a lot of times in your home state the other evening that affordability is a Democrat hoax. Are you involved in some sort of conspiracy here. What is you referring to.Well, often I am bewildered by what exactly the president says. He says the problem is that too many kids have 37 pencils. I can assure you I don't have 37 pencils.Neither does my daughter. You know, this president really was elected more than any other reason, as you kind of referred to just a few moments ago. He was elec ...

Mr. . Mayor elect, >> how's it going. >> Thank you for doing this.Absolutely. I really appreciate it. >> Absolutely.>> How are you feeling. >> Feeling good. Feeling good. Feeling ready.>> Just right over there. >> Your new office. >> Yeah.Just a couple of weeks. >> Uh John Lindsay said what. That being mayor in New York is the uh second hardest job in American politics.>> Yes. Yes. >> Uh when you think about the things that are keeping you up at night in between now and inauguration day when you're going to ...

Let's bring in MS Now White House reporter Laura Baron Lopez, CNBC senior economics reporter Steve Leeman, University of Michigan economics professor Justin Wolers, and PBS NewsHour co-anchor and MS now political contributor Jeff Bennett. Laura, what else did we hear from the president last night. This was a long 90inute speech of sorts.And how was his message received. Yeah, it was a very long speech, Anna, and it took the president about 15 minutes before he even mentioned the word affordability and start ...

Welcome to Market Catalyst. I'm Julie Hyman. We are 30 minutes into the US trading day.Let's get to the three market catalysts we're watching this hour. First up, we'll bring you the latest on Warner Brothers Discovery as Paramount goes head-to-head with Netflix with some big partners to help. Plus, Lululemon and Nike gear up to report their results.We'll preview what you need to know and we'll hone in on the state of consumer spending as many grapple with an affordability crisis in the so-called K-shaped e ...

After months of ignoring the issue, Donald Trump is finally turning his focus to the outofcontrolled afford out of control affordability issue. Despite calling said crisis a quote conj job made up by Democrats tomorrow he will travel to Pennsylvania to tout his so-called economic agenda. But judging by a round table the president held today at the White House, it seems that his strategy will be to tell the voters to ignore their lived realities, just blame Joe Biden.>> We inherited a mess uh affordability, ...

Market Overview - The S&P 500 is on track for its first monthly loss since April, attributed to fears surrounding the AI bubble and a significant pullback in cryptocurrency markets [1] - Nvidia's stock has decreased by 13% this month despite a strong earnings report, while Palantir has lost 17% and Bitcoin has dropped 19% [2] Consumer Spending Trends - Online spending on Thanksgiving Day increased by 5.8% in the US, with Adobe reporting a 5.3% gain in online sales [2] - There is a noted affordability crisis affecting household spending, leading to cautious consumer behavior during the holiday shopping season [2][25] AI Sector Insights - Nvidia remains a leader in the AI chip market, but Google is gaining ground, with Alphabet's stock up over 20% month-to-date [12][31] - The AI trade has shown signs of recovery after initial volatility following Nvidia's earnings report, indicating potential stabilization in the sector [10][11] Federal Reserve and Interest Rates - Market participants are closely watching the Federal Reserve's decisions, particularly regarding potential interest rate cuts, which could significantly impact small-cap stocks [5][7] - There is speculation that the Fed may not cut rates until 2026, which could create market nervousness if expectations are not met [8] Retail Sector Dynamics - Retailers are experiencing a shift in consumer spending, with lower-income households focusing on essentials rather than discretionary items [27][28] - The holiday shopping season is characterized by a K-shaped economic recovery, where higher-income consumers are spending more, while lower-income consumers are constrained by affordability issues [25][26] Company of the Year Award - The contenders for Yahoo Finance's 11th annual Company of the Year award include OpenAI, Oracle, and Nvidia, highlighting the significance of AI in current market dynamics [33][34] - Nvidia is recognized for its central role in AI chip development and market leadership, while Oracle has gained attention for its substantial backlog [36][37]

The Trump administration has struggled to talk about the affordability crisis. Now they are leaning into a new promise that America's golden age, well, it is just around the corner. Watch this.The Trump administration is exactly about affordability. We are going through every line item to try to make sure we can drive affordability across the American consumer landscape. Two things though, American earnings are growing, right.the average earnings of America, their income is growing. So as that grows and we ...