If you want to be a millionaire, don’t say we didn’t warn you… you’ll never retire.
If I own stock in your company and you move offshore for tax reasons, I’m selling your stock. —
Billionaire investor Mark Cuban isn’t a fan of tax inversions, to say the least.
See his social media rant here.
Coming Up: Exclusive Interview with President Obama on #TheEconomy
Preview here: http://cnb.cx/1z94eWN
WATCH here live: http://cnb.cx/1kZ9gwL
Eight fascinating Facebook facts
1. If Facebook were a country, it would be the world’s second largest.
2. Facebook acquired WhatsApp for $19 billion in February. Apple could buy nine WhatsApp’s.
3. The site has 1.35 billion monthly active users.
4. 1/7 people on earth access Facebook at least monthly on a mobile device.
5. Mark Zuckerberg owns Facebook, Facebook Messenger, Facebook Pages Manager, Paper, Slingshot, Instagram, WhatsApp and Moves..
6. Facebook has 1 billion more users than Twitter.
7. 900 million people use Facebook’s messaging apps.
8. Facebook has 1.5 million active advertisers.
- via @EliLanger-
WATCH: [Thursday at 5pm] Exclusive Interview with President Barack Obama on CNBC.
FAA Statement on Tel Aviv Operations
The FAA just issued a press release prohibiting U.S. Airlines from flying to or from Israel’s Ben Gurion International Airport for a period of up to 24 hours.
A rocket strike landed approximately one mile from the airport earlier this morning.
BREAKING: Federal appeals court panel says most Obamacare subsidies are illegal.
A federal appeals court panel ruled today that government subsidies aiding purchases from Healthcare.gov are illegal.
Judge Harry Edwards called the case a “not-so-veiled attempt to gut” Obamacare.
Healthcare.gov is federally-run, not state-run. Government subsidies can only be granted to those who purchase insurance in a state-run Obamacare exchange.
If upheld, the ruling could essentially invalidate health care subsidies for people whose states have not yet set up individual exchanges for the program.
White House Press Secretary Josh Earnest aggressively defended President Obama’s landmark legislation, calling the ruling “interesting to legal theorists” but lacking any practical impact.
“You don’t need a fancy legal degree to understand that Congress intended for every eligible American to have access to tax credits,” Earnest said. “What I anticipate the Department of Justice will do is ask for an opinion from the full D.C. Circuit.”
He admitted that the legislation has drawn “decidedly mixed” legal opinion, citing four different Obamacare cases currently working their way through the courts at different stages.
Read the court’s full opinion here.
UPDATE- A panel from the Fourth U.S. Circuit Court of Appeals ruled 3-0 in a separate case that the subsidies are legal.
The split could mean the cases would soon land at the U.S. Supreme Court.
In case you’re wondering which companies report earnings tomorrow…
“What are they trying to hide?”
President Obama condemned Russia and Russian-backed separatists today for their uncooperative conduct in the wake of the MH17 crash, saying their reluctance to collaborate with investigators and refusal to turn over evidence “has no place in the community of nations.”
Separatists in control of the area have removed evidence and bodies from the crash site without approval, and have repeatedly intimidated international investigators attempting to access the site.
“The burden is on Russia to insist that the separatists stop tampering with evidence…and allow full unimpeded access to the crash site,” Obama said. “If Russia continues to violate Ukraine’s sovereignty and back these separatists…then Russia will only further isolate itself from the international community.”
President Obama today addressed the MH17 tragedy and the crisis in Ukraine, calling the incident “an outrage of unspeakable proportions.”
Nearly 300 people died on the plane. 80 of them were children.
At least one victim of the crash was an American citizen. His name was Quinn Lucas Schansman.
Obama vowed to hold perpetrators of the missile attack responsible and said that he is increasingly confident the shooting came from an area of Ukraine controlled by Russian separatists.
"We have the capacity to increase the costs that we impose on [Russia] and we will do so," Obama said. "The violence that is taking place there is [in large part] due to Russian support… [Putin] has the most control over this situation and so far at least, he has not exercised it.”
Obama said increasing sanctions on Russia should have a minimal impact on the world economy.
A United Nations Security Council meeting was also called earlier this morning to address the developing crisis in Ukraine. The meeting opened with a minute of silence for the victims of the MH17 crash.
At the meeting, U.S. Ambassador to the United Nations Samantha Power condemned the attacks.
She later tweeted, "Russia has power to prevent tragedies like the unspeakable one that happened yesterday. It can end this war. It must end this war."
The State Department will hold a briefing on the incident later today.
A Ukrainian official said a passenger plane carrying 295 people was shot down. Here is what we know now about Flight #MH17.