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U.S. Morning Call: Health care law debate enters second day

Tuesday, March 27, 2012 - 02:33

Mar. 27 - The U.S. Supreme Court continues to hear arguments on whether Congress can mandate Americans to buy health insurance.

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Here's my confidence Tuesday that health care debate continues that the Supreme Court. The two hour session off for the first concrete look at how the bench he is health care law president Barack Obama signed two years ago. We still divides Democrats and Republicans. Tuesday is the main event at the Supreme Court that's -- the nine justices will decide the validity of the centerpiece. Of the Obama sponsored health care a -- the question is. Think congress -- feed its constitutional power to regulate interstate commerce when -- -- requirement. That most Americans have to buy health insurance by 2014. A tax penalty. And bridging at a -- products will more than double the capacity of the Seaway pipeline helping -- a major oil like in the US. The expansion would -- 450000. Barrels per day capacity of the system. And could be in service with a smaller initial capacity by the second quarter. Up 2012 the project would rival -- candidates proposed Keystone Pipeline to late last year because -- pressure from environmental groups. Sources tell Reuters Blackstone and Bain Capital plan to take Michaels Stores public nearly six years after the private equity firms bought the -- arts and crafts retailer. JPMorgan and Goldman Sachs will be the lead anchors on what could be one of the years. Largest IPOs in the retail sector. One source at registration documents will be filed next month. More clues about the state of the economy today that conference board's index of consumer confidence is expected. To dipped slightly in March. This data released after Fed Chairman Ben Bernanke that yesterday the unemployment rate still fall farther to boost production and consumer to -- hunt. And -- the PK Shiller index added 9 AM this morning after some disappointing numbers on home sales last week economists polled by Reuters expect prices. Fell another three point 8% in January. -- twenty city index is already down almost 35%. From 2006 high. And speaking of the housing markets stocks to watch today at home builder Lennar. The company reported its sharpest rise in orders and three quarters that it was seeing strong signs of improvement in sales. Although profit actually fell in the first quarter new orders jumped 33%. In December to February here -- And las Vegas Sands Casino operator whose stock is up almost 40% already this year had its price target rate from 58 at seventy dollars violence art. The company CEO -- -- has been a big donor to Republican presidential candidate Newt Gingrich. That's right call this Tuesday on that -- and supporters that care.

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U.S. Morning Call: Health care law debate enters second day

Tuesday, March 27, 2012 - 02:33