House Passes Bill to Extend ACA Tax Credits | Balance of Power 01/08/2026

Watch on YouTube ↗  |  January 09, 2026 at 01:12  |  51:31  |  Bloomberg Markets
Speakers
Romaine Bostick — Anchor, Bloomberg
Michael Shepherd — Tech/Defense Reporter
Jennifer Welch — Analyst, Bloomberg Economics

Summary

The House passed a three-year extension of expired ACA subsidies with 17 Republicans crossing the aisle, sending the issue to an uncertain Senate path. Lawmakers debated health-care affordability, government funding, war powers, and the Minneapolis ICE shooting. Market coverage focused on GM and Ford EV-related charges, small-cap outperformance, defense stocks rallying on a proposed defense budget increase, mortgage and homebuilder stocks rising on an FHFA mortgage-bond purchase plan, and Nvidia's H200 China export approval.

  • House passes three-year ACA subsidy extension with 17 GOP votes
  • Senate is expected to negotiate a two-year compromise with income caps and fraud controls
  • GM and Ford take large EV-related charges amid tepid EV sales
  • Russell 2000 outperformed as investors watched economic stability and tariff litigation
  • Defense stocks rallied on a proposed 50% increase in the defense budget
  • Mortgage companies and homebuilders rose on an FHFA mortgage-bond buying plan
  • Nvidia received renewed China access for H200 chips, with sensitive-use restrictions
Ideas
Romaine Bostick Anchor, Bloomberg 22:11
EV automakers face tepid demand, scale-back charges
2025 EV sales growth was tepid and did not meet high expectations, while automakers are scaling back EV strategies with large charges. General Motors is taking $7.6 billion in quarterly charges, roughly $6 billion tied to its EV scale-back, and shares fell after hours; Ford Motor previously announced a charge of close to $19 billion as it also scaled back EV plans.
GM F DRIV MED
Romaine Bostick Anchor, Bloomberg 23:10
Russell 2000 outperforms on stability, tariff hopes
The Russell 2000 outperformed the S&P 500 and Nasdaq as investors showed confidence in greater economic stability and the potential for a favorable Supreme Court tariff ruling for small-cap names.
IWM LOW
Romaine Bostick Anchor, Bloomberg 23:27
Defense stocks rally on budget boost
Defense stocks continued to rally in after-hours and cash trading after President Trump proposed increasing the national defense budget by as much as 50%.
ITA MED
Romaine Bostick Anchor, Bloomberg 23:49
FHFA mortgage-bond buying lifts housing stocks
President Trump is directing the FHFA to buy mortgage bonds, a request Bill Pulte confirmed is on the table. Mortgage companies and homebuilders rallied in response.
Mortgage bonds Mortgage companies XHB MED
Michael Shepherd Tech/Defense Reporter 25:05
Nvidia gains China access for H200
The U.S. has allowed Nvidia to sell H200 chips to China, with restrictions barring military, sensitive government agencies, critical infrastructure, and state-owned enterprises. Michael Shepard calls it a major win that reopens a critical market and lets Nvidia compete with Huawei and other rivals, with Jensen Huang having identified China as a potential $50 billion AI chip opportunity over the coming years.
NVDA HIGH
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This Bloomberg Markets video, published January 09, 2026, features Romaine Bostick, Michael Shepherd discussing GM, F, DRIV, IWM, ITA, Mortgage bonds, Mortgage companies, XHB, NVDA. 5 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Romaine Bostick, Michael Shepherd  · Tickers: GM, F, DRIV, IWM, ITA, Mortgage bonds, Mortgage companies, XHB, NVDA