"The president is right to make this the center point of the rising and sustained trade conflict," says Sen. Chris Coons.Politicsread more
James Bullard said he dissented on this week's Fed decision to lower rates by a quarter percentage point because he didn't think the cut was big enough.The Fedread more
More than 400 Chinese products will be temporarily exempted from tariffs that President Donald Trump's administration imposed last year.China Economyread more
"I feel like I've contributed all I can to this primary election," he told MSNBC's "Morning Joe." "And it's clearly not my time. So I'm going to end my presidential campaign."2020 Electionsread more
Apple will get a taste of whether upgraded features on the new iPhone 11 are enough to lure shoppers to retail stores around the world as the new smartphones officially hit...Technologyread more
Joshua Harris, Apollo Global Management's co-founder, has a message for private equity's naysayers in Washington.Delivering Alpharead more
Roku shares have more than quadrupled this year, but the stock has had some rocky days of late as more players jump into streaming.Technologyread more
Two sites were hit Saturday — the Abqaiq and Khurais oil facilities — which took out 5.7 million barrels per day of oil production.World Politicsread more
Apple CEO Tim Cook greeted iPhone 11 customers at the reopening of the Fifth Avenue Apple store on Friday. CNBC also took a tour inside. Here's a look.Technologyread more
J.C. Penney is preparing for talks with its creditors on ways it can ease its debt load, buying the retailer some time ahead of the critical holiday shopping season, Bloomberg...Retailread more
Pivotal Research Group began coverage of Roku with a sell rating on FridayInvestingread more
President Donald Trump's promise to protect pre-existing conditions coverage, perhaps the most popular Affordable Care Act provision, rings hollow. That's because his administration is backing a lawsuit that would scrap it.
As Republicans face midterm election pressure from an energized Democratic base over their efforts to repeal Obamacare, the president tweeted Thursday that "all Republicans support people with pre-existing conditions" or "will after I speak to them" if they do not already. He added that "I am in total support."
His administration's actions suggest otherwise. The Justice Department has declined to defend the health care law in court against a suit from 20 GOP-led states challenging Obamacare's constitutionality. They argue the rest of the law does not hold up after Republicans rolled back its individual mandate provision last year. By doing so, the Trump administration tacitly supported the suit, which could roll back Obamacare's coverage guarantees for people with pre-existing conditions if it succeeds.
As Democrats try to flip control of the House, candidates across the country have attacked the GOP for threatening coverage for people with pre-existing conditions. Amid the broadsides, Republican lawmakers who have pushed to repeal Obamacare for years are pledging to protect the provision. The GOP has good reason for its sudden shift on the issue: about three-quarters of Americans do not want pre-existing conditions protections to be reversed, according to a Kaiser Family Foundation survey earlier this year.
That shift includes Trump, who ran for president in 2016 on scrapping Obamacare and nearly succeeded in doing so last year. In his recent string of promises to protect pre-existing conditions coverage, he has mentioned neither his push to repeal the law nor the lawsuit to dismantle it that his administration is backing.
The White House did not immediately respond to CNBC's request to comment on Trump's apparent contradiction over pre-existing conditions coverage.
Arguments over the provision have played out in key Senate and House races across the country. It is a particularly prominent issue in competitive Senate races in Missouri and West Virginia, where state attorneys general and GOP Senate candidates Josh Hawley and Patrick Morrisey signed on to the lawsuit filed by states.
In a Missouri Senate election debate Thursday, Hawley said "we can protect people and we must with pre-existing conditions." But he reiterated his support for repealing and replacing Obamacare, saying people "shouldn't be forced to pay the prices they are paying now" and "shouldn't have the narrowing of networks that we are seeing all over this state because of Obamacare."
Democratic incumbent Sen. Claire McCaskill, one of the most vulnerable senators up for re-election this year, argued Hawley had no concrete plan. She said "you don't go to court and get rid of important protections when there is no backup, when people will be in freefall."
It is unclear how Republicans would shield people with pre-existing conditions outside the structure of Obamacare. As they face electoral pressure over health care, GOP lawmakers have proposed legislation to protect those patients.
But the proposals are not as ironclad as Obamacare and come with possible loopholes that could jeopardize coverage, according to Politifact.