Take 64

…..House of Reps votes to repeal and replace Obamacare, it’s the Senate’s problem now. Bad day for oil. And metals. Earnings roll on. Viacom beats but more homes cut the cable. CBS beats. Kelloggs double good. Shake Shack sinks. Cities can sue big banks for predatory lending. Financial Review by Sinclair Noe for 05-04-2017 DOW – 6 = 20,951 SPX + 1 = 2389 NAS + 2 = 6075 RUT – .02 = 1388 10 Y + .05 = 2.36% OIL – 2.31 = 45.51 GOLD – 9.70 = 1229.00   The House of Representatives narrowly approved a bill to repeal Obamacare. More specifically the House passed the American Health Care Act, which scraps the Obamacare mandates that people buy health insurance and that employers provide it, eliminates most of its tax increases, cuts nearly $900 billion from Medicaid while curtailing the program’s expansion, and allows states to seek a waiver exempting them from the current law’s crucial prohibition against insurers charging higher premiums to people with pre-existing conditions. The party line