Also in this playlist...
This transcript is automatically generated
This is -- Imus in the morning.
-- -- Good morning everyone has been horrible here -- third and final day of arguments over whether president Obama's health care law is constitutional.
Fox Business is Peter Barnes is at the court this morning with the latest and apparently with some company -- Peter.
Qaeda and that's very special guest right now -- -- Ron Pollack is the executive director of families USA which has been a strong supporter of the president's healthcare reform plan Ron has been in the chambers in the courtroom listening to these arguments -- today.
Our run very import.
At the hearing this morning.
On the issue of several ability whether or not if one piece of the of the law goes down the individual mandate the other pieces can work what do you think.
-- the tradition of the court is that they're supposed to issue a ruling on constitutionality.
There's so many different provisions.
Of the Affordable Care Act that have nothing to do with this individual responsibility.
I would think that the court is going to even if it decides that the individual responsibility provision.
Is not constitutional.
I would think that the overwhelming part of the stature or the rest of the statute we'll going to a.
Back but as you know the administration has argued.
That the individual mandate is critical to allowing.
The more generous benefits to allow.
Community rating and and some of the other provisions.
Keeping kids on their -- parents policy until age 26.
-- -- work -- -- the individual mandate and without -- without the revenue that the mandate would -- with all the new customers for insurance companies.
There -- three different positions that we're gonna here in the court.
So as lead plaintiffs.
They want -- invalidate the entire statute that's not gonna happen that would be such an extraordinary.
Difference from the way the court normally handles constitutional cases.
The government's position is that there are two provisions.
That might be.
And -- and anything that might point jeopardy one is.
That if somebody has a pre existing condition they can't be denied health coverage.
By an insurance company and second -- people with a health problem cannot be charged a different cream.
The government is saying those might very well go down if the individual responsibility provision.
Is deemed invalid.
The court has invited to a warrior -- to argue that none of the provisions.
And -- should be declared unconstitutional.
That unfortunately we're out of time but that thanks for joining us this morning and we'll see -- I back out here once the arguments are over -- and we -- -- thank you Diane back to you.
I'd be -- live from the Supreme Court thanks Peter.
And we're getting -- -- now from Family Dollar at a discount retailers are reporting a profit of a dollar fifteen cents a share that beat the estimate of -- dollar thirteen cents a share.
Revenue was right in line with the estimates at 2.4 six billion dollars.
Taking a look at the markets now here in the US futures were down yesterday that -- -- and agreed.
All morning today Dow futures are now up by 27 the S and -- up.
About three and the nasdaq's up about five over in Europe UK fourth quarter GDP was revised to a quarter over quarter declined zero point 3%.
Down from zero point Q and in France.
The economy grew one point 3% in the fourth quarter less than the one point 4% economists expecting -- -- stacked there.
Are also in the red and now let's take a closer look at -- With IG market sales -- will -- -- over in London will Italian prime minister Mario Monti spoke in Japan saying the crisis in the eurozone is almost over.
And he's not worried about contagion risks from Spain and it's a little different.
From what we've heard from others recently -- I wonder how big of a risk do you think Spain is at this point.
Yes good morning done well he seems to be changing his tune quite -- from the I think it was last week.
You issue he issued worries about the possibility -- coming.
The next big problem and the contagion to spend yet today seems to.
Have completed yet tend.
Turned around well the -- in the numbers of explaining is still a bit of -- -- for the years and we haven't seen in markets push.
On Spain caught I think you don't on Greece -- I believe that unemployment rate over 20% nice to have a long way to go to.
And really quickly well of the year and Euro finance ministers are meeting Friday there's a lot of pressure them to boost the -- -- about.
Thirty seconds here do you think it's a good idea.
When I think -- will be divided intends -- held near is like as a whole what is gonna meet incredible resistance from the Germans.
Because they really don't want to see this -- this increased anymore.
All right -- -- thanks a lot well here's a quick look at commodities now oil and gold are both down oil's around 106 a barrel gold -- 1678.
Imus in the morning continues right now on Fox Business.
Filter by section