now. he has an 11 point lead over jeb bush and we will have a full result. a look at the efforts to restructure puerto rico's debt. we will talk with the resident commissioner in congress. betty: we will be talking with trevor fedor about the latest results from his company and what is ahead for the health care industry in consolidation. pimm: good afternoon. i am pimm fox. betty: i am betty liu. let's get a look at how the maets are trading at midday. marginally down and we have been kind of pushed around by earnings. the dow was off by about 14 points. we have seen two days of decline now for stocks as you can see on

the chart. one stock that has dragged the dow down is apple. it is up 4% in the past six months, as you can see. a lot of red these days are commodities. in particular the oil market. we are seeing a nice rebound, particularly nine next crude up almost 2% at 46.05. read crude is rebounding after the significant top low $50 a barrel. pimm: and that move in the oil markets copy commodity related markets like the aussie dollar. on the bond market and see how treasuries are faring. a little bit of the selloff and the 10 year yield goes to 18, the 30 year moves higher to 288. a little bit of selling in the bond market. speaking of bonds, let's look at s and p municipal up and you can thetaking a big guys since

beginning of the spring, down the index of, puerto rico bonds as the commonwealth attempts to restructure its more than $75 billion worth of debt. we will be speaking with puerto rico's house of representatives, pedro peirluisi talking about the debt crisis in puerto rico. currenciesa look at and see how the dollar is faring. a little gathering of strength -- 1.09the euro, point and the bloomberg down half -- .51% all the way to the beginning of march. let's get a look at some of the top stories at this hour. dealmaking among health-care companies, today, one of the deals is accepted and a larger one is currently being turned down. team health holdings agreed to by ipc health care, all cash deal worth about $1.6 billion. it represents ipc's closing

share price yesterday. teen health says of the acquisition will help the ability to staff hospitals and other medical facilities with qualified doctors. the other deal, $30 billion offer by shire is being ignored. they made an unsolicited bid hoping to great a biotech company that focuses on their diseases. shire says it offers a premium targetand values the company's stock at over $45 a share, but no deal inside. baxalta won't even talk about the proposal. betty: founder of greenlight capital says the month was the worst of the company's portfolio since 2008, losing nearly 6%. on a conference call this morning, he said it was hurt by insurance underwriting and weak results at micron technology. >> projections were affected by lower-than-expected computer

demand as well as manufacturing issues that arose in the company began migrating capacity from computer dram to mobile and other components. the results surprised the market and led to lower forecast earnings and stock price. we continue to believe that the industry the a beer is more rational with three players and still expect current offerings to be higher than in the past and peak earnings to be higher in the future. einhorn says the current market is wrong for greenlight strategy. beating the republican presidential field by a wide margin. thoseis backed by 21% of surveys. former florida governor jeb bush's second at 10% and wisconsin governor scott walker is third with 8%. the survey polled 500 voters who identify as republican. lead is well above the survey's margin of error and even though we are long way from election 2016, the 17 republican

presidential candidates are watching the polls closely. their first nationally televised debate is thursday and only the top 10 in the most recent service will get into the primetime. that could push former texas governor rick perry and louisiana governor bobby jindal into a less visible event. be a typically busy day for barack obama, filled with briefings and meetings, but it is also the president's 54th birthday they. like most presidents, he has more gray had them when he took office seven years ago in 2009. he became the fifth youngest president to ever serve the country and to enter the white house. pimm: happy birthday to the president. the trouble in greek stocks is deepening one day after the worst selloff in nearly three decades. shares plunging nearly 5% after trading opens on the athens stock exchange. fell to 16%k yesterday and that was the first day of trading after that five-week scioscia down bottom by the debt crisis.

-- five week shutdown brought on by the country's debt crisis. trading was paused or stopped yesterday on 58 equity issues. the beanie baby company ty says it has created a cecil the alliance of the animal in memory of the famous line shot by an american tourist in zimbabwe. says 100% of the profits will go to the wildlife conservation research unit a box of university, the research group that was studying the lion when he was shot. those are your top stories at noon. very cute. coming up, do women in your office say it is too cold? a lot more than men? it turns out it is not just by chance. a new study and what it found about a gender bias when it comes to how comfortable you are in the office. puerto rico, also the debt crisis escalating today as the commonwealth stopped making deposits into a fund that

pays its general obligation bonds. we will find out more. let's take a closer look at donald trump's summer surge. a new bloomberg poll shows that donald trump continues to soar above the republican candidates. hampshire, henew was absent from the voters first forum and that gave other candidates a chance to shine if only for a moment. betty: there were not a lot of fireworks at yesterday's forum, but hillary clinton is starting a media blitz before the gop goes big on the airwaves. printed's -- clinton's campaign ads will begin airing in iowa and new hampshire emphasizing her history and heritage. or more on today's political headlines, we are joined by ann eltzer which covered the new bloomberg poll. thank you for joining us today. ann, i thought this latest poll

was so interesting. trump continues to surge ahead of the pack, so what are you seeing in the polls? nn: i think donald trump is always been interested in world domination. for now, it is working. i think there have been people looking at trump for a long time. we hear the caucus-goers for the last eight years saying we need somebody like trump and i think the more people are looking at it and the kind -- and they kind of get used to the way he is planning to run. he is obviously getting their attention. betty: where is he weakest right now? he is weakest with moderates. we took a look at every subgroup, male, female, all age allps, all income groups, education and he led with everest ago one x of moderates and jeb bush had a one point lead with that group, so he is universally liked across the board. pimm: jennifer, let's talk about the politics of the poll because this determined to get some of

the egg stage thursday night for the first debate with the republican presidential candidates. what happens to all those who do not make it to the big stage? candidates,e other seven or so, will be in this earlier 5:00 p.m. debate. lindsey graham, the senator from south carolina, will be one of those seven in the other debate called a happy hour debate. that is kind of what it is. 5:00 p.m. moment and maybe itple will be pre-gaming but will knock get the same level of attention as the main debate. you will not have trump on the stage, you will not have the candidates seen as most likely to become president of the united states such as jeb bush or scott walker. this is much more the fringeier candidates and longshots at this time. betty: i thought there was another result of this poll that was interesting, which is what viewers think the candidates should do on stage. that's enough that pie chart.

over 50% of those polled, 52% say they should play nice with each other, right? the candidates should go after each other. what is the better path? the play nice ask the, you end up with the usual suspects and they look like after a while. betty: that makes for bad television. say,there are people who go after each other. number one, that is informative and the could be in entertainment factor as well. pimm: based on your experience in doing these polls, how valid are they to use for future prospect dictations -- prognostications? ann: any poll. candidates spend hundreds of millions of dollars to change these and we just have to wait and see. betty: jennifer, with remake of the timing now for hillary clinton?

she is starting today to launch television ads in iowa and new hampshire. jennifer: they are the wind-up starting at 5:00 this morning. betty: how much is she spending? jennifer: the campaign spends about $1 million in each state and broken down is not that much day by day but it is substantial add out byst out -- any top-tier candidate. you have nothing trump, bush, or walker getting out there. pimm: why is she doing this so early? jennifer: her campaign says it is not about trying to outflank bernie sanders or prepare for the joe biden runner. out thereout getting with a positive message about her before the republicans hit the airwaves daytime hit all. it is apoint, reintroduction of her telling her personal story and telling the story of her mother's tough

childhood and how that inspired her to enter politics and to get involved with helping children. the fact that they have to go back to these biographical points, point to some of the polling which has shown that she really is struggling on likability and the trust factor issues. there was even a poll from nbc that came out this morning saying that her number with white women, which is sort of a core group for her, arc struggling and she is underwater with them. very difficult, jennifer, from back in 2007, when she first put ads out which attacked george w. bush. she was much more negative, much more on the fence. jennifer: act then, she talked about the people who were invisible to george w. bush and now she is talking about who she is in the way you may not know. pimm: is this a test? do they run the advertisements to test in order to see if they achieve but they are looking to achieve in the polls? it is also defensive.

we had a race in iowa last year where there was a heavy primary fight and the person who was on the democratic side sat out for the summer and was battered and battered and battered and was never out there with their positive message and i think she took a page from that playbook saying, you cannot afford betty: -- she's got to be out there. pimm: joe biden -- [laughter] pimm: you are asked silent on joe biden about joe biden running for president. won twice before. the nation knows of pretty well, but the question is, does he look like the right guy at the right time? pimm: does this ad campaign have anything to do with the recent reports that there was an interest? ann: i'm going to guess she would have done it anyway. the campaignhink had this planned for quite some time. they pretaped this back into and they had said that they were planning to do it by sometime this month in august.

the same way she advertised in august with the seven. i did think it's impossible not to read into this and say, it just so happens she is feeling more heat. that,k it's more about more about sanders and this biden thing which has been out there since early june. and itanted him to run was just kind of this boom from the column that got this whole thing started in a big way. betty: what about the republicans. what is the arsenal they are preparing right now? are there ads going to be focused right on the start from demonizing her? jennifer: i think there is going to be a certain level of electives for republicans to go out to republicans and in ads in particular, unless they see a clear target. you are already not saying must

republicans go after donald trump in any way. they know that if they do, they are going to get attacked. their supplement will be put out there like lindsey graham's. there will be something that really ends up hurting them and what ends up happening, you saw this with him plenty in 2012, if you become the guy he was attacking, you end up getting knocked out yourself. there is a lot of question to taking that approach and much easier to go after someone who is universally hated by the republican primary caucus electorate and that is hillary clinton. pimm: i want to thank you very much. you to andd thank seltzer. seltzer.n donald trump will be on "with all due respect" et al. :00 p.m. eastern. betty: shares of loss rate down the most -- shares of allstate down the most in five years. pimm: five may be the largest u.s. car insurer missed wall street estimates, coming up.

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pimm: a shot at the empire state building on this august the fourth, 2015. welcome back to "bloomberg market day." i am pimm fox. betty: we have been same beautiful all week long although it really thundered last night. it woke me up. let's get a check on how the markets are trading with julie hyman. we work flat before and allstate a big mover. julie: worst performer in the s&p 500. it is down the most in six years dropping more than 10%.

the company missed analyst estimates, and in particular, the loss is from underwriting autos. really causing this problem for the company. the company has had this auto underwriting loss. it says that people drove more miles and that was one of the reasons. take a look at will be called the combined ratio for allstate on my bloomberg terminal, kelly collet up? look -- can recall it up? looks and we don't have it but it means allstate is paying out more than it is taking in in premiums, so there we go. we've got it above 102% last quarter to be specific. that is really the number that is important when you look at allstate. sticking with insurance, aig having the biggest one-day drop in two years. their numbers look pretty good, it more than doubled its dividend and increased share share buyback. aig has been slowing down over

the past several years, concentrating on the core insurance is this. reader hancock, the relatively new ceo, is trying to cut costs. however, it sounds like investors are not happy and they think the company has more potential and it is not delivering on it. we are seeing the shares fall back today. region around, take a look at the drugmaker trading at a record today, gaining 6% after its latest quarterly numbers. in particular, their eye treatment where gets the bulk of the revenue. rising more than analysts had anticipated. they saved sales of that drug arrived 45 percent-50% which is an increase. finally want to take a look at zillow. the appointed a new ceo and shares were higher. they have since turned lower. survey out ofs a real estate agents and in that, so was traffic growth is shown to be slowing. that appears to what is -- that

appears to what is responsible. pimm: thank you very much. abouts interesting allstate in the payout ratio. let's take a look at the top stories. betty: united and american airlines joined delta in banning big-game trophies as freight. they are making move after the killing of the protected line in zimbabwe that generated outrage. they will prohibit the transportation of trophies from elephants, rhinos, leopards, and water buffalo, in addition to lyons. pimm: a trip to the moon is just like any other business trip. you have to file an expense report and that is what fashion buzz aldrin, the second mental lock on the moon, did after his historic trip. the anniversary was in july. he was reimbursed $33 and $.31 in that july 1969 worth about $217 today.

he shared the paperwork on facebook and it contains an itemized itinerary, florida to to the pacific ocean, to hawaii and back to houston. [laughter] betty: i love that. pimm: it is the agricultural customs and immigration health form filled out in honolulu when they returned from splashdown -- well, 31 to -- $33.31. betty: what was that for? driving to and from the air force base? pimm: to the launch. betty: i love that. the pitstop is the moon. pimm: they were in isolation for three weeks before they could be with their families when they returned. they said the dust that was rubbed off on them, the moon dust, they were tossed in the pacific ocean. betty: imagine what they would go for now. pimm: i will leave it to you. inty: this air-conditioning

the modern office discriminate against women? we will find out in a new study. ♪

betty: you cannot tell now, pimm, but i am always freezing when i sit at my desk and it turns out there is an answer. you know this. most office temperatures are based on a decade old formula that uses the metabolic rate of men, a formula week showed earlier developed in the 1960's. i cannot decipher that at all, all greek to me. it is based on fort -- the body heat of a 40-year-old man weighed 140 pounds. women produce less body heat and it shows that turning down the ac would make women more comfortable and help combat mobile warming by saving energy. pimm: there would be a multiple -- a multitude of benefits if

temperaturethe control. i would also think with the internet of things and temperatures, you are able to more accurately set the temperature, not by a number but by the number of people that you may have in the room or the disposition. betty: right, it would adjust. that's right. i have an easier solution. that menhave stated prefer 70 degrees and women prefer 75 degrees, so let's split the difference and do 72 and a half pimm:. you think that will take care of it? betty: i think so. pimm: that will take care of me. betty: that does it for your half-hour, pimm. we have much more, including puerto rico's debt crisis. ♪

no need for a filter. crystal-clear in new york. welcome back to "bloomberg i am bettyhaircut

liu. let's get a look at the top stories. day."oomberg market i am betty liu. let's get a look at the top stories. a former bank trader behind bars and a jury convicted tom hayes of rate manipulation. they say he rigged the offering used to value loans and securities worth more than $350 trillion. u.s. secretary of state john kerry is in singapore where he called for countries negotiating a major pacific rim trade deal to overcome differences. he said the so-called transpacific partnership would benefit the people of all nations and serve as a model for responsible global industry and commerce. participant will have to comply with core international labor and environmental standards. every participant will have to refrain from using underage workers, unsafe workplaces. every participant will have to ensure that state owned

companies are competing fairly with ones that are privately owned. and every produced but will have to fight trade related bribery ensure free and digital open trade, and safeguard intellectual property. betty: his comments come days after trade ministers failed to bridge final gaps and healed the cord at talks in hawaii. coach sets forth a quarter that be analyst estimates. adding products that appeal to younger consumers and do not have to be discounted to sell. the company is also refreshing its stores and partnering with you designers to retake market share from competitors like kate stay. stock is up almost 2%. walt disney among the companies reporting after the bell. investors like one to know about the future online availability of espn and wonder it will remain on services like dish after losing 3.2 million customers over the past year.

"star wars" will be on investors minds and fans with his these films segment and related sales preparing for another expected blockbuster release in december. can you wait? can you anticipate "star wars?" much more ahead. shares of tenet healthcare raising after the company's latest earnings topped wall street estimates. we will be speaking with ceo trevor fender and the wave of mergers and the health care industry and how that is impacting his hospital business. later today at 3:45 p.m. eastern, we will hear from aetna ceo. they agreed to by humana and the year-to-date forecast after topping profit estimates. meanwhile, puerto rico's debt crisis has escalated. they stopped paying into a fund that pays the general obligation bond and one of the agencies defaulted for the first time yesterday.

highlights the deepening pressure where officials are pushing for what may be the biggest restructuring ever and the municipal market. bond prices have tumbled as the economy stagnates and residents flee for the mainland. for more on the changes ahead, we are joined by congressman pedro peirluisi. he has been puerto rico 60 member of congress, known as the resident commissioner since january 2009 and also with me is mark crumpton who has been following this story closely. , let metative peirluisi ask you, first, i know you have gone to congress and you are seeking the help of your fellow congressmen and women on the puerto rican crisis. so far, are you getting traction with them? does anybody care in washington about what is going on in puerto rico? : they do care, but republicans basically want to see more fiscal responsibility

on the government in puerto rico. senator grassley, for example, saying that he has seen lots of tax increases but no significant expense reduction . at the same time, he is saying in puerto rico, the governor has been talking about a fiscal control board and the senator's questioning who is going to be of that, whether it will make any difference. what i see happening on the republican side of the aisle is reluctance. reluctance to move my deal to see,they just want like i say, more discipline on the part of the government of puerto rico. chapter nine should be available to puerto rico. i believe that regardless of with asm, i do not agree lot of the policies followed by

the current administration in puerto rico, but i have -- but at the same time, it makes no sense to leave the puerto rico people out of the chapter nine clauses. betty: right, you are not allowed right now to seek chapter nine and to seek the protection that chapter nine of a filing word. some of the congress and lawmakers have said though, you yourself congressmen have said that you basically pushed for statehood in puerto rico while at the same time you are asking for chapter nine protection. they say that is a mixed question -- a mixed message. are you willing to give one up for the other? he does not, it is clearly consistent. what is happening in chapter nine, for no reason, puerto rico as the territory was left out of the bankruptcy laws for purposes of reorganizing government entities like the puerto rico electric or water and sewer

authority. why were we left out? we were left out because we are a territory. advocating for statehood, what i am simply doing is saying that we should be treated equally as american citizens. at the population. people hop on a plane from one day to the next seeking a better quality of life, seeking rights they do not have in puerto rico under federal programs like medicare and medicaid every day. .t is hurting puerto rico the current relationship is not working anymore. we should be looking at changing the status of puerto rico, but in the meantime, definitely, chapter nine makes sense. we should have a legal, orderly process for restructuring debt like the entities power authority of puerto rico. mark: congressman, it it seems

to have been lost in all of this the investors. you will probably have some court challenges from people who are owed money. that could in effect temper any dash cam for any thoughts, any plans, restructuring puerto rico's debt. what about the investors? what about what they are owed? peirluisi: the default that just happened was totally unnecessary. the funds were available. i'm talking about an entity called csp. 40% of the bondholders are puerto rico residents, credit unions, banks, individual investors, people who trusted the government of puerto rico. the government of puerto rico has always meant obligations in the markets, always, and there was no good reason -- and i disagree with this. it is apparently a strategy to force creditors to the negotiating table. there purposely failing to pay the principal and interest due

on bonds so that it creates a would and then creditors be more willing to negotiate. i disagree. that is argentina model. the consultants of the government of puerto rico are the same consultants that argentina got and argentina still, today, 12 years later has not been able to resolve the debt issues and the economy is not performing well. i disagree with the strategy. i must askessman, because we have asked many guests who come on and talk about the subject -- can you explain to our audience how puerto rico got into this fiscal mess in the first place? what were government leaders on the island of puerto rico doing or not doing that led to this crisis? is a reason.ere one reason, one recent reason, for about 10 years, we were financing and those

operating in the markets, but that is not the front of the majority of the debt. there is that and you have to balance your budget and live within your means and we will have no choice but to do that. apart from that, puerto rico has been compensating for lack of federal funding. programs like medicaid for example. the burden that the puerto rico government has to have a decent health system in place is amazing. when you compare it to the burden of any state in the mainland. one of the reasons is this territorial status we have which causes that we are shortchanged in federal programs in a massive scale. ,etty: representative peirluisi back on washington, though, getting off of what has gone on the island, what about in washington?

lawmakers,talking to have you had any conversations with treasury? lew and his colleagues to see what they might do to help puerto rico? peirluisi: yes, and what i will say is that we have never been asking for a bailout. we know better. we know there is no environment whatsoever either in the executive branch of the federal government or income for a bailout for the puerto rico government. betty: what have you asked for? peirluisi: it would not be available to puerto rico. betty: so what have you asked for? whichisi: i have my deal gives puerto rico axis to chapter nine of the bankruptcy quota. allowsat bill does is it for cities, counties, and entities like the puerto rico electrical power and puerto rico water and sewer authority to

reorganize themselves under the supervision of a federal bankruptcy judge. that is a move we should have available because about $20 billion in debt that puerto rico or bondrred was issued issues of government entities like the ones i just mentioned that having financial difficulty, and they should have that. they should have a legal, orderly process to negotiate with their creditors and adjust their debt levels, and we do not have that and we should have it. mark: congressman, do you believe that some point that puerto rico and its creditors will reach some compromise? will you be able to meet halfway and solve this problem? i hope so. i have been saying that this ongoing negotiation with the creditors, the major creditors of the puerto rico electrical bear authority should

fruit. they should enhance that negotiation process. patient expedited. recently, the creditors that would post my chapter nine bill are the same ones who are negotiating or trying to negotiate with the puerto rico electric power authority as we speak. i am the first one saying let's get over it. let's move on. use whatever restructuring deal a reach as a model for the water and sewer authority of puerto rico. which is the next one in line. we should act like adults. we should own our problems, face are creditors, but do it in a civilized way. not simply be holding our obligations like it just happened. betty: what has been the response of treasury and do you think that this needs to be taken up to another level and the white house should intervene

? : both the white house and treasury have been assisting puerto rico by giving technical advice. treasury has a special task force advising the government of puerto rico in dealing with its fiscal crisis. the underlying problem in puerto rico is lack of growth. that is it. as soon as puerto rico is back on our economy, i and growing again, the government will have a direct for new and in the meantime, we have to cut. there is some way out of it. we have to cut government expenses and we do our budgeting system. make sure we have a zero-based budgeting system so that every penny, any agency in puerto rico that spends, is justified. we have to do that. that are things ongoing and i am just saying, i am a member of congress, i am not running the government of

puerto rico, at least not yet, i'm running for governor, but they need to act and they should definitely avoid doing it with unnecessary default like they just did. we should be attracting more investments and attracting more residents not basically discouraging them. betty: representative pedro peirluisi, thank you so much for joining us. puerto rico's sole member of congress. as you can see, very passionate and a lot invested in making sure this gets resolved. and i have alluded to, it has been getting lost with all this conversation about greece because greece has been dominating the headlines, but then you have the u.s. territory that is also spinning out of control financially. what is next? should we get bankruptcy protection like detroit? these are arguments that will

continue even as congress is in recess. betty: he is just not getting much reception right now. mark, i will see you in the next hour. mark crumpton with me. anotheread, there is huge deal in the drug sector, this time shire was to be fat -- wants to beef up acquiring baxalta stay with me. . ♪

betty: welcome back to "bloomberg target date." -- "bloomberg market day." i am betty liu betty liu. after posting second-quarter profit that beat wall street says itions, the number added more members in government

insurance programs. agree to bitetna humana with expands -- with plans to expand. on "bloomberg be market day." c narrowedvs their forecast in the secondwed quarter. then you forecast overshadowed the second quarter profit report, excluding one-time items and earnings came in two cents above the average of analysts. the company is dropping tries his erectile dysfunction medication from the coverage for drug insurance benefits. before genericrs competition kicks in starting january 1. instead andcoverage they will continue to cover viagra and cialis in 2016. now you know.

that is a look at the top stories at this hour. as we have been reporting, another acquisition headline in the drug sector. dublin-based shire made in unsolicited $30 billion offer for baxalta that could create a drug giant and make shire hefty enough to fend off a potential takeover. this comes off after so many deals from pharmaceutical. bloomberg helped the reporter look at all of these deals for us. it is like you wake up and there is another drug deal. why does shire want baxalta? cynthia: this helps them bulk up in the rare disease case. a lot of what they speculate is that shire themselves are a takeover target so they are trying to make it harder for another company to buy them. strictly speaking, it makes a

lot of sense in the rare disease case which is attractive for the pharma companies because they can charge a bit more from our disease therapies and there are special protections that make therapeutic development pretty attractive for the pharma companies. betty: has this become a self fulfilling prophecy where the bigger the company's are getting bigger and others need to get bigger and pretty soon everybody is trying to get bigger, right? there was a lot happening right now and i think we will see this in the next couple months. pfizer has been vocal about the fact that they are looking for another deal. alec and has more money to spend once they are able to get rid of the generics division, so there are a lot of players and a lot of moving parts. betty: what is left out there? cynthia: a lot of higher tech, a lot of large companies, even large companies developing drugs still targets because their are a lot of

developments going on and a lot of scientific breakthroughs in areas like oncology, so there are a lot of companies coming out -- of the pipe that you may not know but tomorrow they are multibillion companies because one of the big farm is sees the essential -- one of the big pharma companies sees the potential. betty: to buy so much. cynthia kunz on today's deal between shire and baxalta. coming up, more on health care. tenet healthcare shares of over strong revenue. yesterday, the company is shifting its focus on making acquisitions and we will have the ceo trevor fetter on with us next. ♪

betty: welcome back to "bloomberg market day." i am betty liu. tenet healthcare announcing results after the bell. revenue up a powerful 11% and

they beat expectations, but the company reported an overall loss after charges due to restructuring and acquisitions. trevor fetter joins us now. trevor, great to see you. we were just talking about the consolidation and the drug space and also among health insurers. as those guys get bigger and they have more say because they are more powerful invoice, how does that impact to because they have more leverage over hospital operators like you? trevor: thank you for having me on. it is great to be here. there has been consolidation taking place for a long time in the industry and a big wave in the insurance sector right now and in the drug sector. a very large company. we deal with large companies that are insurers. this is not something completely unexpected in our industry. still, for our markets, the predominant insurer in a given state is generally one of the local blue cross plans.

it is obviously something we watched very carefully. i ensure we will get a lot of regulatory scrutiny on the insurance sector. it will be interesting to see what happens but we are well-positioned for this trend. trend orere is another another change, really, for your industry which is the adoption of the affordable care act. or people are covered, but it also means that for various services, your hospitals are forg paid less per service lack of a better word. how are you dealing with that trend? trevor: the basic deal when the law was enacted was that the hospital industry would take cuts in payment and in exchange, we would have many newly covered people. we are in the phase now where we are getting the newly covered people, the cuts have been rolling in, but it has been very helpful for us. we have had some of the strongest growth in patient volumes that we have ever had. i have been in this business for over 20 years.

these recent years have been the absolute strongest. most of the growth that we are generating is actually independent of the affordable care act, so it is helpful. it is great to have some of these newly insured patients but that is not the whole story. we are driving growth is some market share gains and strategies in service lines. betty: trevor, we will have to leave it there. so much for joining me. trevor feteter. markll be speaking with burt illini. his company agreed to by humana last month and they race the four earnings forecast after topping estimates coming up at 3:45 eastern time. ♪

betty: it is 10:00 a.m. and temptresses go, 1:00 p.m. in new york and 1:00 a.m. in hong kong. -- 10:00 a.m. in san francisco. is trumping trump

his competitors. can it last? the result of our exclusive bloomberg poll. betty: what's behind the recent drop in twitter shares and white might be even more attractive as a takeover target. mark: what the nasdaq composite market is doing to try to court the hottest up-and-coming -- betty: good afternoon. i'm betty liu. mark: thank you for joining us on bloomberg market day. let's begin with a look at the markets on this tuesday. we've seen two days of the clients for stocks. a sea of red on wall street today. our industrials down over .25%. s&p 500 down