this is my favorite because the market is figuring that out. >> large cap pharma has been breaking out pfizer is my favorite there. 13 times earnings. >> blacktostone. 7% yield. >> that does it for us "power" starts now. i'm melissa lee. the senate unveiling its version of a health care bill. pharma moving big time on the rollout. details straight ahead. american airlines getting a pop. qatar airways looking to get a 10% stake. and filmmaker and producer sports fanatic ice cube is in the house. we go one on one on his three-on-three league. "power lunch" starts right now ♪

welcome to "power lunch. i'm michelle caruso-cabrera. take a look at community health. 8% moves about 40% of the health care moves are within 1% of at least a 52-week high it's the ipo of the day. shares of altice is up on the first day of trading more on that brian? >> health care stocks are moving on the senate bill news. you have glaxosmithkline and tenet health care, a hospital operator, up more than 8%. ka kayla tausche has the latest kayla? >> reporter: the senate bill is a modification of the house bill passed two months ago but has a new name it's called the better care reconciliation act but like the house bill, it moves to repeal all of the

affordable care act taxes and mandates there instead replacing them with tax credits. the senate's bill basing those on income instead of based on age. states can waive coverage of essential health benefits but not of pre-existing conditions planned parenthood would be defunded under the senate bill medicaid growth is expected to slow in 2021 and by 2024, states would pay close to half the costs. finally, the senate has committed to offsetting the cost of low-income enrollees on the exchanges until 2019, making those very important payments to insurers to keep them on the exchange or to get them back on the exchange now, in order to pass the senate, it can only afford to lose two republican votes. chuck todd of nbc reporting that there are three republican senators who are expected to meet to announce opposition to the bill senator rand paul has said his office would have a statement

perhaps shortly this hour. senator susan collins, another potential "no," says she wants to study the bill and she's interested in the cbo score. how much it will cost and how much premiums are lowered. to that end, the cbo expecting to score the senate bill early next week. if that score comes out and it doesn't lessen the deficit, if it doesn't lower premiums and if it does increase the number of people uninsured, the divisions within senate republicans will only deepen. back to you. >> got it, kayla here to take us inside the senate bill is bill hoglan, bipartisan policy center and former vp of public policy at cigna. good to have you here. >> good to be with you this afternoon. >> health care reform is about two things it was about ensuring the poor and dealing with the market where people could afford to buy their coverage who first talked about the coverage of the poor

and what happens here. it's my understanding that medicaid gets a longer short-term lifeline. does that make sense is that why we see the insurers doing well today because medicaid doesn't disappear quite as quickly as what occursunder the house bill >> i think that's part of it the bigger part of it, quite frankly, has to do with all of the taxes that have been eliminated in this particular bill, such as the health care tax, such as the medical device tax, all of the taxes that were put in there that have an impact upon the premiums cost out there. those are probably as much as an important driving these stocks today as the fact that the medicaid is being stretched out over a longer period of time also, in terms of medicaid, even though it is a stretch-out, over the long term it has a bigger reduction. we'll see what the cbo comes out with than what was in the house bill. >> long term, i assume it would be bad for the hospital stocks.

>> i would agree with you. i think that we'll have to see how the cbo estimates this based upon their projections, we're going to continue to expand in terms of the states having their expansion of the medicaid program this would show similar reductions as in the hospital bill in the out years. but the out years are out there a ways and in the near term we have tax cuts coming into effect right now. >> one of the core issues with obamacare was coverage mandates, right, that make it very expensive. if you get rid of the mandate, that is what drives to a meltdown, right? if people don't have to buy and there's no flexibility on what they could buy so it's cheaper, you still have trouble does this bill address that? it doesn't appear to me that it does one of the reasons why rand paul has made pretty clear he doesn't want to be involved. >> i only just recently got a copy of the 147 pages of the bill i'm a little bit at a disadvantage here, having not

going through it in some detail. we'll see what the cbo says. the bill does eliminate the employer mandate and individual mandate and those factors could impact the participation in coverage and bringing the people in but also the bill does provide for a rather large -- i think it's nearly a $60 billion high-risk pool funding for the states to set up coverage. it will allow for them to move those individuals with high risk, high costs into a high-risk pool and that is some of the mandates reduction in the mandate. >> stocks are trading as if this is a done deal that's what the stocks are telling us you're the policy analyst. you tell us what you think >> well, listen, i've been -- i've worked in this business for quite some time. i never want to estimate exactly what is going to happen. but let's be clear, majority

leader mitch mcconnell is very good at what he does he doesn't -- probably today he would say he doesn't know that he has the votes to pass this next week, if it is next week. but i want to highlight the fact that what this bill says it's a discussion draft. it's not the bill. it's a discussion draft. and procedurally the way this is going to happen is they are going to call up the house bill, start with the house bill and they'll have some amendments and during next week they'll be able to get to determine what kind of changes they have to make in this. >> bill, we're running out of time i wrote about this on my facebook page. all we're talking about is how do we pay, how do we pay, how do we pay when do we have a substantive and hard discussion about, a, why health care costs so much and, b, why we consume so much health care in america >> i think we're going to have that discussion continued even if this does pass, even if it fails. we're going to continue to have this discussion specifically about coverage

it's not about costs, from my perspective. costs will continue to be an issue going forward regardless of the outcome of this particular bill. >> we don't ever ask about the cost we just say, what are they going to pay and what is it going to mean bill, appreciate it. >> you're welcome. thank you. popping on today's news, the xlv, an etf, is close to 8% for the last month here now to tell us where we go from here is ana i know you probably haven't had time to read the bill. most senators commenting on it haven't read the bill either don't worry. do you think from what you have heard or what has been leaked that it merits this kind of stock reaction >> hi, brian no, i'm not surprised, actually. let's start with the insurance docs i agree with the guest that you had in that diversified hmos are

up a couple of percent because the insurance tax has been repealed there was some concern around that the medicaid hmos is because of the fact that the exchanges are being stabilized with sharing reduction being funded for two years and risk stabilization funding which is substantial and i think it's largely underappreciated and there has been a bet on exchanges. molina as well both of those are up i think what i said earlier, the medicaid reduction also off longer lead time in four years, a lot can happen. i think the stocks are responding accordingly a couple weeks ago, they are

likely to see the revisions and wee upgraded aca to outperform and i think there is some pent-up demand resulting in the response today because there was a belief that there might be a selloff and it turns out that the senate bill is very close to the house bill indirectly, it has exchanges being more stable. >> ana, given that medicaid gets a longer lifeline, so to speak, the cuts hit even harder in seven years, are we as investors -- you don't look at what happens out there in seven years, that that hit might be even harder than under the house bill because things will probably change? >> are we talking now about insurance or hospital? >> yes >> publicly traded hospitals don't have much exposure to the benefits of medicaid expansion because they've been in states

like florida and texas largely which did not expand medicaid. the downside was never that bad to begin with and it's gotten a bit better i think you're right, in the long term, this remains the policy and the law of the land and there's downside for the medicaid stock i'm more neutral for that reason. >> ana, thank you. ana gupte, thank you breaking news in the last few minutes. the president has tweeted about the existence of the so-called comey tapes. a aim mond eamon javers is at the white house. >> reporter: here's the president's tweet from a few moments ago. "with all of the recently reported electronic surveillance, intercepts, unmasking and leaking of information, i have no idea

whether there are tapes or recordings of my conversations with james comey, but i did not make and do not have any such recordings." i think the important thing to read into that, melissa, is why is the president raising the prospect in the same set of tweets that he's dismissing the idea that he has tapes, he's raising the idea that somebody else might have copies of those tapes. the president has talked about being taped. he's raised the fact that president obama taped him or put him under surveillance he seems to be hinting at that he's saying he didn't make and doesn't have any james comey tapes and he's not saying that there are no james comey tapes out there in the universe. for now, it puts an end to the speculation whether the president himself taped the fbi director the president saying, no, he didn't. >> whatever. >> he bluffed. >> right. >> with the initial tweet about tapes. >> what you're going to see here

is some argument from the white house that the president was boxing comey in by that initial argument that he had the tapes by saying that he had the tapes, he forced comey to stick to the truth. comey couldn't lie or exaggerate if you assume that comey maybe wanted to lie or exaggerate. the white house will say that's a savvy move on the other hand, comey himself has said that the president's initial tweet about the tapes is what pushed comey to then leak his memos to the media detailing those conversations and that led directly to the special prosecutor that may be seen as not such a smart move. >> you can land a man on mars now but if you stop that coverage, we'd go to the twitter. eamon javers, thank you. qatar airways looking to buy a big stake in american airlines ngat that means in the lo-standing battle between american carriers and maybe the industry overall stick around

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welcome back qatar airways is looking to buy 10% stake in american airways. the ceo is out with a letter to employees. phil lebeau is in chicago. he doesn't mince words

>> never he just sent this letter out to employees. this sentence covers exactly how he feels and how a lot of the management at american feels "while anyone can purchase our shares in the open market, we aren't particularly excited about qatar's outreach and we find it puzzling giving our extremely public stance on the illegal subsidies that qatar has received from their government." that is just a taste of what doug parker is saying after being notified by the ceo of qatar airways that it plans to buy up to 10% of the shares of american airlines. just for some perspective here, this can -- it's not like they can automatically by these 10% they can buy up to 4.75% anything beyond that would have to get the approval in advance by the american airlines board the board, by the way, has not received any particular notification that this is going

to happen. simply the phone call between the ceo of qatar and doug parker qatar today tells us that "qatar airways believes in american airlines and plans to have no involvement in management operations or governance." i've had a lot of people ask me today, how much could qatar buy if they wanted to. by law, foreign entities can buy up to 24.9% stake in an airline but it's in the bylaws of american airlines that anybody who takes a position over 4.75% would have to get the approval of the american airlines board by the way, as we mentioned with that letter from doug parker, he's made it clear, he continues to believe that the gulf carriers, including qatar, they get these illegal subsidies and as a result they should not be getting, you know, favorable treatment from the united states and that the open skies

agreement should be enforced shares of american still up on the day, guys. doug parker, he's not mincing words. he's going after qatar even though qatar says, hey, let me buy a stake in you. >> should we deduce, then, that if the board was asked the question, they would say "no" beyond 4.75? >> yeah. we're not going to approve that purchase beyond -- that's my guess, is that they would say no beyond 4.75% one other thing to keep in mind, guys, is that doug parker has been vocal in saying that you can't let these guys muddy the water. there's a belief that this is what al baker, the ceo of qatar is doing he's trying to mud dy the water, that we believe in your airline so much, we're taking a position there. that's a feeling among some of the u.s. carriers.

>> and it's even odd der because this is one nation that has been singled out by even other gulf nations. you just wonder what the ultimate strategy of qatar airways is going to be like you said, is it just that they like the investment or is there something more strategic here >> what's going to change? what else are they going to get out of it? >> thanks, phil. what could the move mean for other u.s. airline carriers? this is a cnbc contributor gordon, what do you think they are up to? >> i think they are trying to show some optimism that things will change. it's probably a good investment on that perspective and i would

suggest it's hard to be aggressive against a significant shareholder. and with some hope, and it's just a hope, that they might mitigate this criticism that they receive daily from the u.s. carriers. >> if you were on the board of american and you had to vote on whether you would allow them to purchase, what would you do? >> i think i'd wait and see how this plays out obviously they've said passive and no part of the management and other things that would cause concern. if someone wants to buy it, i'm not sure that they would vote no obviously if mr. parker is against it, i doubt they would try to override it. >> here's the thing, gordon. a passive investor that really can't do anything because of law. >> that's right. >> because their a foreign carrier. versus an activist who wants to get up in your business, right, you'd rather have qatar than that, right? >> yes and i believe they own small

cuts of other air carriers they don't have a history of being aggressive or active in trying to ingreciate or run those management >> so if you were doug parker and the ceo of american airlines at this point, would you care? it sounds like you wouldn't care, that it wouldn't make a difference to you. >> i would be concerned because this came unsolicited. i'd want to know what is the motive you nor i nor phil lebeau can figure out what they are doing it for i suggest it's to keep their hand in the game and maybe, maybe, mitigate criticism coming out of the united states. >> what about labor? what would labor do and say? does it matter >> no. they'll be like the dog growlin when you reach for their dish.

they're going to probably be against any foreign airline buying into america. >> gordon, thanks so much. falling mortgage rates and rising home values seems like a great equation to re-fi your home why aren't more americans doing it plus, you can't miss this. ice cube helping to launch a new basketball league called big three, three on three. it launch this is week and he's here in the studio to talk about the business of bithe g re basketball today is a good day. we're back right after this.

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markets in the green right now, the manl jurjor outages up slightly for the week. the s&p is higher by a little more than 4 and nasdaq is higher by 18. health care is the big story today. leading is tenet, humana and community health is among the top gainers. financials are the worst performers pnc, keycorp and suntrust are off by more than 1%. tesla shares are moving higher the company has confirmed that it is working on a plant in china. gaining 1 3/4% still ahead, americans are weighing in on the health care bill and it may not be what the gop wants to hear.

seems like there's a lotof move in washington but how long before the big agenda emits actually cross the finish line don't go anywhere. "power lunch" is back in two i've found a permanent escape from monotony. together, we are perfectly balanced. our senses awake. our hearts racing as one. i know this is sudden, but they say...if you love something set it free. see you around, giulia (baby crying) ♪ fly ♪ me to the moon (elegant music) ♪ and let me play

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i'm contessa brewer. here's your cnbc update for this hour president trump says he didn't make any recordings of his conversations with former fbi director james comey the president tweeted out that "with all of the electronic surveillance and illegal leaking of information," he has no idea about any tapes and does not make or have such recordings. at least 29 people were killed and 60 injured in a suicide car bombing in the southern afghan province most of the victims were civilians. this has been a bitter battle between afghan security forces and the taliban. a funeral was held this morning for 22-year-old otto warmbier who died last week shortly after returning in a coma from 17 months in detention in north korea ohio senator rob portman was among the hundreds in attendance >> we got otto home, which is

good but we didn't get him home in the shape that we had all hoped for. so i'm not here to point fingers and anybody because i do believe that our governments, both the obama administration and the trump administration tried very hard to get him home >> that is the cnbc news update at this hour back to you, melissa. >> thank you, contessa brewer. new poll numbers about what americans think about the new gop health care bill john harwood is live hi, john. >> reporter: the senate intends to vote on this bill next week and now we have "wall street journal" poll numbers showing how they feel about the house passed bill which resembles the senate bill. very unpopular 48% of americans say it's a bad idea rather than a good idea and as that effort has proceeded, obamacare has become somewhat more popular. that's happened throughout 2017. these numbers, 41% say obamacare

was a good idea. 37% say it was a bad idea. where to go from here? the public is split and it's a very partisan split. 38% say continue with the repeal/repeal effort that's more than 70% of republicans. 39% say don't. that's about 70% of democrats. independents are divided so the public is not it and that is likely to propel gop leaders to try for one more week in the senate. >> we were asking how on earth would they know? the thing came out at 11:00 this morning. >> how do they know they don't like it? >> because this is a poll about the house-passed bill. that's what i said in the beginning. the senate bill is similar to the senate-passed bill it's a poll about the bill that has been passed through the house of representatives. >> i didn't hear you say that. can you for that clarification. health care stocks are moving on the release of that

senate health care bill, as john emphasized the market getting excited about movement on capitol hill the question is, will health care, tax reform or any other pillars of the trump agenda actually get across the finish line for more, we're joined by advocacythink? any of these going to cross the finish line? >> i do think it's going to cross the finish line and i think it needs to and signed into law by the president and the reason is that republicans spent seven yeardesperately wane something change on health care. we see obamacare collapse beiin, literally, right before our eyes it's been building for three years. it's been getting worse, not better if republicans control all three branches of government and do nothing, i would not want to be on the ballot in 2018 as a republican. >> they can only lose three. >> i know.

>> we already know about rand paul and there are two more that are likely to say "no. >> look, it's really difficult i'm not saying there aren't going to be times when this gets pulled off the floor but ultimately, republican senators must come together and figure out how to get enough of them together to make sure that this gets through the senate and ultimately something that can get through the y president tru. >> handicapped tax reform for us >> well, tax reform to me is something that also needs to get done, but probably one of these two needs to get done. i don't know that it's enough. but if neither get done, again, i would not want my name on a ballot as a republican in 2018. >> do you think tax reform happens? >> i think if health care gets done, it's more likely that tax reform gets done one of the things that's interesting about congress is that it's been broken for so long that many of these members

are not used to the kind of haggling that takes place in the final hours of these bills getting passed this is sort of new in a way >> sara, how -- >> so it will build momentum so the thing about health care, if republicans can solve this problem, come together, they are more likely to solve other problems. >> sara, i've been down to d.c. more in the last six months than the previous six years combined. i'm already not popular. this will make me less popular with the audience. i'm going to defend congress, believe it or not. how in the heck are these congressmen and women supposed to get anything done where every single thing is taken, it's tweeted, it's analyzed, it's screamed about everything is litigated in front. nobody can go behind closed doors and try to get stuff done anymore. is this the new reality? >> it is the new reality and the advent of social media, we have

it available 24 hours a day, makes it more difficult for folks to do their jobs but welcome to the nfl. >> yeah. it's a job get over it. >> is it the zob. >> yes, it's the job that's the way life is >> we talk on tv for a living. >> are you going to survive people tweeting mean things at you? >> i do think that it's -- it's like you can say anything you want about anything and it becomes almost a fact. i mean, the moment the bill came out, senator schumer -- and i'm not picking on him -- came out and said it was a tax cut for the wealthy. it probably is every tax cut is already a tax cut for the wealthy because the wealthy pay their taxes on all of their income like everybody else we go down this rabbit hole and nothing gets done. >> it is incumbent on these members to be more responsible brian, you make a very good point. as i was walking into the studio, our sister network msnbc was carrying elizabeth warren

live and she was talking about republicans shoving people out of nursing homes and using all mannered language that is just plain irresponsible. and republicans do it, too. >> during obamacare, somebody was talking about pushing grandma off the cliff. >> they do that's irresponsible on both sides. >> so if you have that kind of language, how do you get anything done? they think grandma is being pushed over the cliff. grandma is fine. >> well, enough people need to come together because it is in their interests to solve this. partisanship aside, obamacare is falling apart. it's worse in some states than others i don't think that is even a debatable point anymore. so something has to get done to solve this and republicans have to do it or they're going to -- they'll pay a price politically for sure. >> we'll see thank you, sara.

>> thank you. rick santelli is tracking action at the cme. hello, rick. >> we know that equities for the most part haven't had a bad run this year but if you look at a ten-year note yields, you can see in the middle there's low yield and we're bumping along and not that many basis points above 212. you see the way barclays plummeted and some of the moves have moved so dramatically and then it shot back up look at price versus spread. see the way it's going down? the reason i bring that up is even with yields down and stocks up, it certainly seems that the oil market has gotten the high yield attention again. finally the dollar index and month-to-date, it's trying to find traction. melissa lee, thank you >> santelli, thank you. mortgage rates are hovering at 17-year lows.

should you be re-fiing right now diana olick has some answers >> people looking to save cash on their monthly mortgage payment but millions are not biting either because they don't know or don't want to go through the hassle close to 4.5 million borrowers, maybe you, are eligible and have a financial incentive to refinance, according to black knight financial services. this is an increase of 1.6 million borrowers from just a few months ago when mortgage rates were higher. the average rate on the 30-year fix has dropped below 4% for the first time since the presidential election when rates spiked that brings the new refinanceable population to the highest point of the year. the math factors in closing costs. at today's rates, the average borrower could save $260 per

month. nearly 700,000 borrowers could save $400 or more per month. mortgage applications to re-fi have been gaining in the last month, up 9% but still 30% below a year ago levels many think it's not worth the trouble but some could be looking at a few thousands dollar as years in savings and that's something if you've missed the numbers, they are online. realtycheck.cnbc.com and we're back with al three on three professional basketball league big-name coaches and, yeah, a four-point shot he's in the studio and he's next >> a four-point shot >> yes

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the nba draft is tonight the experts think the university of washington player will be picked first but what happens after that? will lonzo ball be drafted breaking the hearts of knicks fans everywhere again. when will the knicks ever do anything that will help the parent company stock msg shares up 15% this year. well, if you missed basketball during the off season, ice cube has your back. he's part of a 3-on-3 league called the big three a ton of former players are on the eight teams. and there is gary payton and george gervin and rick barry joining us now is ice cube thank you for joining us. >> thank you, man. i'm just a founder

not the commissioner the commissioner is roger mason jr. >> what was the thinking behind this sort of league? was it a dissatisfaction with the nba market >> i love the nba. when you see kobe bryant score 60 points in his last game and people say he's retired, he's done and i'm like, done for who? you know, i would pay to -- >> no defense. no defense >> i would pay to see him play still. these guys retire because of wear and tear. they can't handle the nba schedule anymore let's do half-court, 3-on-3. from school yards to playgrounds to backyards, it's time to bring it inside the arena. you know, use former pros who still want to play and who don't want to go overseas and let's ball, 3-on-3. >> the venues are very big

venues, smaller venues, ticket prices >> the barclay, which is great we have major venues very affordable ticket. >> how much? >> $27 is our -- >> and it's an interesting format because it's not like a regular nba game where the knicks are at the cavaliers and that's it. all the teams play every round >> yes one ticket gets you four games so it's like a basketball festival and you get to see all of the stars it's not like you get to see stars on two teams and it's over all teams play in the arena and you go there and enjoy basketball for three hours. >> and it's going to be a really fast -- 3-on-3 half-court is a fast game. >> it is and we have a 14-second shot clock. so that makes them go even faster. >> 1four point shot? >> yes. >> from where? >> 30 feet i think guys will be 25% from

that range. >> can you mess around and get a triple-double? let me ask you a serious question -- >> these are all very serious questions we've been asking. >> listen, first off, a two-partner. i think the lakers, your team, will take lonzo balance tonight. how do you feel about a $490 sneaker? >> i think they will take balance. i hope they take balance i commend him on gifving it a shot people think they can come in and get the big sneaker deal and sometimes that deal is not there. why not create your own sneaker? $495, you know, it is a nice who of money but kanye is selling his shoes for $5,000 a piece. >> selling or making them? >> i think he's selling a couple of them. you've got to commend the dude

for trying and he may change the game he may start something new. >> did you contribute money to this or are you bringing to the product the fact that you're a celebrity? >> i've invested money and we got investors. of course, we're looking for more investors to be down with this we think this is something that can grow we are already getting requests all over the world to do an all-star team after our season so i just think, you know, the world is ready for 3-on-3 basketball it's now an olympic sport. in 2020, it will be part of the olympics so i just feel like we have something that's right and ready and how often do you get a chance to be a part of a league? >> walk us through how you came up with this idea or if you were approached after this idea was formed and how that went down. >> i came up with it as a fan, just like i said, i wanted to

see these guys play. getting sick and tired of guys retiring when i know they can still play ball. my manager and business partner is jeff and we thought about how can we pak this game better, the 3-on-3 game and how can we make it more interesting in the rules and a player friendly league where the players run the league, you know, they -- >> they coach. >> we have captains -- >> he's playing keeping? >> yes he's a player/coach. >> that doesn't work out usually but you're confident the answer will have the answer >> the answer will have an answer he's been practicing with his high school coach getting ready and back in shape. i can't wait to see him play. >> you're going to see revenues? what does that mean for money? >> every player gets paid a base salary of 100 grand but the revenue -- players participate in 52% of the revenue and if you

win the championship, you get more money if you come in eighth, it's a least amount. >> it's not a fixed contract where you can ride the bench and make $14 million a year. >> exactly that was key because we wanted to incentivize guys to play hard guys not only playing for the money but they have a lot of legacy, a lot of pride on the line they don't want to lose -- >> this is not a demonstration they are going to try to put on a good product for the people coming to barclays >> they are already betting on this in vegas. >> i'm glad you mentioned las vegas because this i interesting. you're already a successful guy and i think you might get paid a little more. here's why your championship game is already booked in the t-mobile arena which happens to be the same night as the mcgregor mayweather fight and they want it in the same arena because they locked it up first. how much will they pay you to

move the championship game for the, quote, fight of the century? >> i'm pretty sure we can make a deal i'm not going to sit here and talk numbers >> it's cnbc >> we've been talking know i know they really want that arene arena. it has 3,000 more seats o f the next arena in vegas. i am pretty sure we are going to make a good deal and everybody will be happy. >> whatever it is, we'll demand double >> not that, we just want to be treated fair we are not trying to get rich. we know that's their fight and it was their miscommunication. >> it sounds thought you thought it is a good idea that you can atrack the inve attract the investors. what else is catching your eye >> right now i got everything going into this. if we hit it, it is going to hit

big. we feel like this will leak and grow >> there is talent on the sideline waiting of kg j you know these players that we think we can attract if we show good seasons. >> have you heard from the nba if this is a lower price point and entertaining than basketball, maybe they'll lose tickets. i don't think they should be concerned. >> we play in the summer so it does no affect year revenue and our players are 30 and over. we don't want any nba players to leaving to join ours it is a different product than

full court nba basketball. >> good stuff. we appreciate you coming on. the initial game is sunday, new york thank you very much for joining us >> you got to come outline down, 1:00 tip off lets do it >> we wish you the best of llc, limited liability company. >> the coventriology names h who does vegas have? >> they have the killer three. >> steve jackson, larry hughes and reggie >> charles has been sitting on the tv set we know what it is like to sit up here and you eat a lot and don't do much. >> is that where your bed is >> i don't ha is that where your bet is? >> i don't have a bet. >> thanks for having us. the big wall street call that

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all right time now for "street talk." stocks that you need to know about here are we going to wrap this? >> i am not.

>> cinemark holdings are getting downgraded for performance this week >> premium videos around the corner, forecast has to come down >> third quarter down at 15% which means the fourth quarter needs to come down >> personal question, what's the last movie you saw >> maybe "star wars. >> del taco. it is a big 35% upside two main drivers and sales growth at existing stores and evaluations is reasonable. >> we got about $16.79 cents share. taco is getting some love. >> great ticker for the show

>> still ahead, opioid addiction is on the rise states are fighting back tssouri is the latest to join inhe attorney general is joining us live on "power lunch" next

welcome back, here is on the lunch menu america's opioid crisis, missouri is joining a list of states suing the academic. millionaires and their money, the surprising results of cnbc's new survey on more of the rich putting their money to work. >> "power lunch" starts right now. all right, lets take a check in the markets right now. the dow on on a break of two days losing streak the dow is up by about 30 points nasdaq is up by 18.5 healthcare companies are within 1% of across 52 weeks high

lets look at the terrifying numbers around america's opioid epidemic >> 182,000, that's the people who have died, over 20,000 of those deaths happened in 2015 alone. drug over doses are the number one cause of accidental deaths in the united states 300%, that's the increase sales of prescription drugs from '99 today. the most shocking of all is 20%. that's the percentage of ohio residents who's prescribed opioids. doctors in ohio have written scripts for one of every five patients of opioids.

states are starting to fight back >> missouri is the third state for fighting of lawmakers for misrepresenting the risk of opioids. joining us now is missouri's attorney general josh pauley, are you there? >> yes, i am >> sorry about that. what's the primary reason and legal rational behind your lawsuit? >> they have perpetrated a campaign of fraud and deceits and they told doctors and consumers that these opioid drugs are not addictive which they are they have been beneficial long-term side effects which they do not. they perpetrated these frauds

and told these lies when it is not true and led to this ed democrat epidem epidemic >> what's sort of the worst case scenario for them. is it like a bigger warning label on the package >> well, this last pursuit follows two others where we see from mississippi, there were additionally two other drug makers including in the ohio suit they disputed the claims in that lawsuit which are similar to the ones here in missouri, they are committed to their drugs being prescribed correctly and they say the fda approved the drugs and they have been prescribed according to their labels. the biggest concerns here for drug company potentially and mounting lawsuits over turning you know documents that could they potentially show that there was some marketing that was

improper >> we have seen some people speculating, could that be compared to big tobacco or lawsuits uncovering more of the behind the scenes dealings we have not heard anything about that there is the risks of these kinds of lawsuits. the fda removing opioid painkiller of the markets. there is aton of attention being paid here. >> where is the wrong doing being done the fda is aprovproving any wro labels, the sales people going out and talking to the doctors of addictive risks, what's your theory >> that's right and among other things the facts are and these companies engaging in marketing campaigns towards doctors and consumers that deliberately misrepresents the nature of these drugs. they have spent by the way tens of millions of dollars used front organizations and fake and

fraudulent researches convincing these drugs are not highly addictive. they say things that you cannot get addicted from opioids. >> it sounds a lot like smoking, is it not? >> there is $880 million spent by the industry to lobby against stricter regulations for opioid prescriptions. >> $880 million. >> yes, it is been a coordinated campaign, there is no doubt about it the results of that has been mass addiction missouri last year alone 30,000 hospitalizations due to opioids. there is a reason why these numbers have been up it is not that they are new, the drug companies have been engaged in fraud cases

>> we'll take a look at what drug companies are doing i can only speak for my state but i can tell you we feel confidence of the evidence that we have that these companies we take on have engage in the campaign of deceits. >> is there any liability, josh? every doctor in the world knows opioids are addictive but yet they are giving it out what's their responsibilities legally? >> doctors need to be careful and cautious and act within the bound of their professions and according to the their oaths the bad actor are these pharmaceutical companies that's engaged in campaigns of misinformation to doctors trying to convince doctors yeah, opioids are not addictive and you can prescribe them without too many limits. they are the ones that need to be held accountable here >> are there any roles of

individual responsibilities here, sir? >> absolutely, it is hard for consumers and patients to make good choices if they are being lied to. >> so for an order and for consumers to make good choices, they need to get good information and that's why we are bringing the suit. >> what's the likely response here in terms of these lawsuits when it comes to these pharmaceutical companies, are they going to fight these or trying to settle >> i am not sure if i can predict. they don't believe they did anything wrong they talk about efforts that they are making to promote sort of addiction proof and abuse pr proof of new formulation, those can be abused as well. that's the target to move one of these drugs from the market. yeah, you would think that the drug companies have said already

that they are not doing anything wrong which continues to say that >> that's a huge area of research and given the huge need, i hear a lot of talk about that in the pharmaceutical industry people are looking for new ways to treat pain. this is an area where there needs to be a lot attention paid and of course, you hear about it at the government level as well. this is something that needs a lot of focus and we need better options. when we are talking about doctors and patients as well, people do need their pain treated and there needs to be better systems for all people better involved here we have a huge systematic problem going on >> is there any idea of the attorney general looks into these and do they have any culpabilities. >> the problem that we see is

misinformation about the drugs it is not necessarily that the drugs are corrupted or they are by nature so destructed, drug companies lied about how they can and should be used and that's what's creating the problem. josh hawley, thank you very much and megan terrell, thank you very much. >> rereawe reached out, here is stateme statement. endo statement, we share the fda's role supporting the needs of patients and diversion of the

products." we do not have a comment from johnson and johnson or jansen. a record number of people is expected to travel more than 50 miles from home from the 4th of july some of the people behind the wheels maybe high. new study of legalized marijuana behind many crashes. phil lebeau. >> this is an interesting study. essentially they did a comparison before and after these laws were passed and compared it with other states and their collision rates. collision claims in colorado washington and oregon are a 14%, 6% and 4.5% respectively since those states passed law allowing the legalization of marijuana. keep in mind the data on pot use actually causing car crashes is still unclear. there is never been a definitive

study that yes, it is causing these numbers of accidents and there is no field sobriety test to check drivers who are high on pot. if you talk with researches if they'll point out if somebody is tested at a scene for dwi, alcohol is found in the system nonetheless, autoinsurance rates are climbing in these states it may not be because dreyivers are high, it maybe because of a number of factors, people are disstrakt distracted and text drivers are going up we are focusing on whether or not people are driving high and getting into more accidents. >> got it phil thank you. >> you bet >> can you find value in that

space and energy stocks are dropping plus, with the newest healthcare bill means for healthcare stocks biotech have been rallying sharply again. how president trump is shaking up our list of top states for businesses all that and much more, coming up here on "power lunch. [vo] when it comes to investing, looking from a fresh perspective can make all the difference. it can provide what we call an unlock: a realization that often reveals a better path forward. at wells fargo, it's our expertise in finding this kind of insight that has lead us to become one of the largest investment and wealth management firms in the country. discover how we can help find your unlock. usaa gives me the and the security just like the marines did. the process through usaa is so effortless, that you feel like you're a part of the family. i love that i can pass the membership to my children.

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oil is down nearly 20% this year 40 bucks a barrel and downgrading more than 40 energy at stocks. >> joining us is mike. i am sure this is not the ea easiest thing for you to come on about. i am going to give you credit for coming on because it is a tough thing to say we got to downgrade our sector and have a feel thing that you will be the first analyst, what's the big change in how you guys feel about the price of oil >> hey brian, thanks for having me on. >> the most impact full is u.s. oil production we think it will be way more explosive than what people expect next year if the count trajectory does not change, we'll see $1.8 billion a day growth that's almost twice what the expectations from the iea or

international agency number two is that this bucket of non opec and non u.s. production, everybody is assuming this has to fall off the cliff at some point. we are saying that's fallacy this hangs in there and it does not fall nearly as muchor as fast as people expect. that basically sets up what we think of a $2.2 billion a day. i think that's right now is the lowest long-term expectations on the street >> at what point does this become a credited issue for any of the company you cover if at all. we are seeing now of the price of wtis is much different than what we saw a year and a half ago. the mark is telling us this could be something worth worrying about >> i don't think the credit market is reflecting the danger.

a year and a half ago, we came up a period of wti crude the market market is not close to reflecting that thursday, we got now and we are rerunning our number 2018. the averaging company is over three times. that's going to be uncomfortable, too >> a few days ago we did a story here in the united states depending on where you are in the country and there is a spread of 50 to 65 bucks depending as opposed to the middle east where some barrel out of the ground of 5 bucks the u.s. number, it is gone down, right? to what level are we now at the even level of the united states? >> great question and it is an important one, a big part of our

thesis why we think $40 is right. >> we came out two weeks ago, it is $40 a barrel is the break even price it is very interesting and i had a lot of client feedback today from this report of two big energy conferences going on and the feedback from investors after meeting with companies was, they're not going to change their aggressiveness with their recount until you get below 40 $40 is that number people say to us that's way too low kelly, five years ago we came out with $70 price and people told us we were crazy at that point it will come to pass at $40 is an adequate number >> mike, in the past of the big risk of oil was the debt level, the stocks are bad for investors but the debt level was the systematic threat to some of these banks and some of the bigger ma bigger banks and markets in general. we have not heard about oil

market debt. has the debt been cleared up or kicked down the road >> we saw in the first half of 2015 alone was $15 billion worth of equity injected in the stocks and that shows up in the balance sheet. we'll call this round two of low oil prices here and that's a question that remains to be answered >> mike kelly, thank you >> thank you >> so if energy continues to slide, what does it mean for the broader market can stock cobntinues to rally lets bring in gary bradshaw and our chief market guys, it is great to have you here >> there is a time when decline of oil stocks brought the entire market lower one, because they make up a large chunk of the averages. >> sure. >> it is natural but there is

fear because it meant something bad of the economy >> what happens o f the wake of the big decline >> i think it is a little early to tell. last year you saw the high correlation, one o the big drivers of the fear there was about the cap ex impact that it would have and the hiring impact that you would have. you have much better employ numbers right now. nonetheless, there is a reason to be worried about a $30 oil site >> you pair the potential $30 in oil with what's going on with the yield curve which is flattening right now what are those markets telling us that equity markets are not what we sit at close to record high period. >> equity market is still doing well and s&p earnings this year will be $130 and grow $145 next

year the backdrop for the market is great inspired of all lower prices i am not quite ready to throw in the towns that's going down in the 30s. at hodges finance we think it will be 40 or 50 >> the equity is looking good to you then >> we think so >> on the big capsize, we own both exxon and chevron of course, they are diversify. we'll stick with them. >> you do live in dallas and you are in and around and hanging out some of these companies and you are a holky which means you are a genius i had to get that in there oliver, give us some idea, i am not seeing anything based on the price of oil

southern company, they use a lot of natural gas >> yes, strong balance sheet and great yield and again, this is a core holding and relatively in a defensive income portfolio so we are looking at high quality companies that have a strong yield and history of raising their dividends. in this market, not just seasonally going into the summer which are tougher for investors but current evaluations. gary is right of $145 earnings at s & p it does not make it super spi expensive or you have to freak out. you want to be careful >> to a certain extent of evaluations, it matters, of course, the fact the matter is, with bond yield so low, i think there is 1$151 billion into dividend dts

they're trading at above market in general for dividends stock like a southern company which is, i mean, does it have the growth overall of s&p 500? >> no, as you pointed out, at the beginning of the year anybody that comes on cnbc would just be over 2 the first two-points that we brought at the beginning of the flat yield curve, you are saying at what point do you get worried? >> we think earnings driven, we think those earnings are going to continue and slow interest rate environments are going to propel multiples higher and we think investors are not near as optimistic as they should be we think rallies are going to continue we believe we can see up another 9% or 10% at the end of the year >> you are like delta and facebook and microsoft

>> gary bra shdshaw. >> thank you for being here and oliver >> thank you >> we'll have the latest of carnival corporation our drug pricing fears are going away, ow lchwi b ghbackerun" lle

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lets talk a little bit about what's happening right now with shares of sun power up by 14% on pace for their best day since mid february president trump said his propose u.s. border border wall could pay for itself if it was solar on track for its best day of the year many solar stocks are doing well in today's trade back over to you >> thank you, don. >> the ritz-carlton is launching a new cruise yacht you can get one of the two duplex penthouse suit. it is owned by marriott

international. now maybe a good time to get in the business, it has been smooth sailing for the cruise line carnival is hitting an all time high today of 20% this year, susan lee is joining us with the details. >> strong number with carnival cruise this year >> improvements of guidance in four years, this is one of the strongest wave season that we have seen in years more people are getting on cruises whether it is here in the u.s. or china. booking are ahead of estimates and professors are its are up when they do the return rate of reoccurring customers is that over 7% and in this experience economy, people may not be buying retail but they are still traveling. there were some concern last week that cuba sailing maybe curved and zika seems to be in a

rear-view mirror and no big hurricane just yet it is smooth sailing for carnival and norwegian some pretty big gain to round off the three biggest. >> thank you susan li. >> 300, that's small, right? >> for the ritz-carlton. >> a bigger ship has how much? >> thousands >> much more intimate experience >> there are a lot of high end brands like sea born >> those are small ships >> yeah, they still have a few hundreds of rooms and it is not like i am going on board of five of you >> there are some people, not this guy, i love everybody watching all the millions of you, there are some people, hell's other

people, they don't want to be around a lot of people >> that's why you don't go anywhere >> that's why when you go to las vegas, you stay at the four seasons. >> i don't like smoke. >> or other people >> i am saying it maybe small because some people want that because they are going to places where they are not jammed on a buff lay li buffet line. >> i have not been on a cruise, i don't want to be stuck with all these people >> that's you. you are one of those people. >> new yorkers would think that i would never do again and it is about going on a cruise. >> you have to have a first experience otherwise you will not coming back. >> i have been on several of

them >> do you like them? >> yes >> 4:00 p.m. arnold donald will be on today, carnival ceo. the u.s. geology survey says that quake was centered around 20 miles per hour southwest of san jose and about 6 miles deep. a car bomb targeted a police station killing at least four people in mogadishu. ten people were killed three brands of hummus with pine nut toppings are under recall >> a supplier notified the company it maybe contaminated with listeria. the product were distributed to retailers from april 18th through june 13th. australian politician walter

made history while she breast-fed her baby moving in the position of the parliament the thing that surprises me about this is not so much of the breast-feeding in public, a lawmakers is breast-feeding, the fact that she's a regular visitor there because i keep on thinking about bringing my toddlers here. >> twins >> why would you want to ruin it by bringing your kids? >> well, she's thrilled to do it >> thanks contessa >> all right, here is the market check. lets check what's going on right now. >> the dow and the nasdaq and s&p. the dow is higher by 23 points and s & p is higher than 3 and almost 4 >> shares of oracle is hitting a five times high. >> here is what the ceo had to

say earlier, mark hurd >> it brought back multiple product lines and we have more application offerings than anybody else we are competing in categories and the biggest categories >> the stock is up 30% so far this year. oil mashlgt clorkets are closin day. >> lets get to jackie deangelis. >> consensus is there is too much oil out there and demand is not rising to meet it and that's the bigger disappointment. according to aaa, the price for a gallon of regular is $2.28

jackie, thank you. what do millionaires think for the economy? it depends on who they voted for. healthcare stock is up nearly 5% this week. will they continue to rally? no matter what happens or does not happen with the senate/house 'ltaill. wel lk about that when pow "power lunch" returns right after this experience amazing. (large boat honking) ♪ i'm living that yacht life life life life ♪ top speed fifty knots life ♪ on the caribbean seas ♪ it's a champagne and models potpourri ♪ on my yacht made of cuban mahogany ♪ gany, gany, gany ♪ watch this

healthcare stocks have been broken out the past months can the realally keep ongoing or what stocks are best to bet? >>legentlemen, it is great to have you with us the extension of the rally is in part because of this healthcare bill that's been released of the draft, is that warranted is that the reason why these stocks are up today? >> i think the stocks are coming into these rallies have been biotech peeked in july 2017. evaluations were reasonable and the industry fundamentals are

very good. particularly relative to other sectors, you see a lot of growth and a lot of innovation in the sector and so you know it was not surprising to see a biotech rally. though i would say it is surprising to see as quickly as it has gone. in terms of the healthcare bill itself, healthcare bill does not have any drug pricing provisions in it. >> right >> i think that was a green light for a lot of generalists who have been on the sidelines concerned of what they may see with drug pricing. >> right >> when you take a look at the break out of biotech of what we have seen, if you take a look at the time line when trump tweeted about an executive order when the news broke of the executive order would be released or signed about drug pricing of the coming week, that's when biotech really taken off the sector is off about 7% since news of the executive order

possibly coming of the next couple of weeks. do you believe in this break out? >> we do >> agree with marshal that a lot of other options are not as good and low interest rates and oils have come in so there is been a money look for a place to go and biotech is it. there is some nuance to the bill, simultaneously, the head of the fda says we are not going to put any price restraints on biologicals. in addition to what appears to be tooth less executive order, you got sort of the green light that nothing is going to happen at least in biotech in the new year's term >> technology has benefited biotech because there are no alternatives in terms of growth and investors are looking for growth, they maybe concerned of the run up that we have seen, does that mean you think that money will stay or is that money sticky money in your view or are

those the biotech tourists that came and went the last time around >> i would expect some of this is hot money i mean the sectors of 7% and you know in a few days, you are not getting deep value investors doing that some of that will stay and you do have to be careful with sectors that have hymen tutu hymen -- high momentums, there was a decent evaluation story and it just kind of catching up to the rest of the markets. are the healthcare market in general depending on this bill getting passed in congress of political risk, do you factor that in? >> look, you have to factor in of healthcare investing. i don't think you will see fundamental change particularly to the product side of the

healthcare world, pharmaceutical biotechnology shares as well as medical device shares. they are not going to see very big impacts from the legislation that's proposed. >> presumably lower taxes, right? >> i would say they're not likely to see any negative implications and they're certainly potential upside from lower industry taxes as well as even tax reform could also be another benefit to many of these companies. i don't think people are counting on that i think what's really driving the sector outside of evaluations is that sector's fundamentals are very good if you look at the shares, these companies are generating a lot of cash and pipelines are full and drugs are getting aprovprovd as long as you are getting good news from pipelines and there is a lot of potential coming up in the next six to twelve months as

well as good drug launches that we have seen this year, this rally can be sustained regardless of the path that congress takes with healthcare reforms >> thank you marshal gordon. millionaires are just like the rest of us just like with more money they are sharply divided based pln,omg its,e' wll exai cinup it's been over 100 years since the first stock index was created, as a benchmark for average. yet a lot of people still build portfolios with strategies that just track the benchmarks. but investing isn't about achieving average. it's about achieving goals. and invesco believes doing that today requires the art and expertise of high-conviction investing. translation? why invest in average?

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imagine the world's best and brightest coming to the country. each of these achievers was picked to someday become leaders in their fields. >> the first classes scholar arrived in august for the all expenses paid program. >> what's your room number 127. >> the students coming from more than 30 countries. >> 15 are from mainland china. >> 52 are from the u.s >> all of them are in a hurry. >> it sounds very arrogant to say. i have always wanted to be the president of the united states,

i think every little kid says that growing up. it never left me i want to be the president of the united states. i sense a greatest challenge that i can do is do something radically different and going to a new place and develop new skills and try the version of leadership that i have developed in a new place >> reporter: we first met daniel glenn in virginia for his activities involving life-threatening risk. >> i am an officer in the united state navy and that's called dod for short. >> to meet more fascinating people, be sure to watch "a billionaire's bet, the best and the brightest" here on cnbc on sunday night how do you feel the economy coming down to doing one thing, how do you feel about donald trump even for millionaires? >> we join our cnbc's

millionaire survey >> even age and gender or geography or wealth level, political party is shaping your view half the millionaires believe the economy is stronger this year and third says it will be the same most millionaires expect s & p to be up of 5% democratic millionaires are pessimistic. half say it will be flat two-thirds of republican millionaires say the economy will be stronger 38% of republican millionaires say the s & p will be up double digit this year, that's twice the number for democratic millionaires you would think based on that, democrats will be spending a lot more cautiously but they are not. if you look at where they are putting their money, millionaires are investing the same, putting half of their

investment in equities and 20% in bonds both group favors healthcare and finance and industry and industrial in terms of their top sector >> their spending plans are similar. republican millionaires are going to spend the same this year and about 50% are going to spend more it is worth remembering millionaires voted for trump 45-41. now, they're giving him an approval rating of 38% >> what's the number one concern? government dysfunction what's the number one threat to your wealth? government dysfunction >> i was surprised how bleak a view the democratic millionaires had on the economy but not reflected in what they are doing with their money they're not putting their money where their mood is and that's supporting the market.

>> thank you, robert frank >> thank you remember president trump visiting a plant in carolina vow to save jobsefe borhe became president. that's next on "power lunch. [vo] when it comes to investing, looking from a fresh perspective can make all the difference. it can provide what we call an unlock: a realization that often reveals a better path forward. at wells fargo, it's our expertise in finding this kind of insight that has lead us to become one of the largest investment and wealth management firms in the country. discover how we can help find your unlock. ...you realize the smartest investing idea, isn't just what you invest in, but who you invest with. ♪

we do have some news with regard to amazon via routers citing sources saying they are looking to selling "thursday night football" advertising packages of upwards of around $1.1 million per package you may recall, guys, back earlier this spring, amazon won the bidding to livestream the nfl games on thursday nights in conjunction with nfl network and either nbc or other networks around there for the thursday night packages what's interesting about this deal, however, the selling of ad packages may not be as big of a deal remember, amon is only streaming this for their prime membership customers, so you're already paying a subscription free, so to speak, to access this content and now they are tacking on a revenue stream for advertising on top of that don't know a lot of details but a reuters report citing sources

saying this could happen, $2.8 million per package. >> very interesting. dom chu, thank you. president trump working to shake things up the first six months in the white house including how states compete for business that means he could also shake up our annual america's top states for business rankings scott cohn puts those together for us and today scott is in indiana where the shake-up began. >> at least this is where it was supposed to begin. remember this place. toys the carrier furnace assembly plant in indianapolis, the home to 1,400 manufacturing jobs that were at one point all supposed to go to mexico enter donald trump, fresh from his election, coming here to say he had saved 1,100 jobs, maybe even more because the parent company of carrier, united technologies, was going to invest a bunch of money in the plant, and this was the way that things were going to be done from now on. companies negotiating with states instead of with other countries. well, nearly seven months later it has not quite worked out that

way. only about 730 jobs have been saved at this plant. the rest are -- are -- are white collar jobs that mr. trump was referring to layoffs of the other 600 or so begin next month that investment in the plant, not going towards jobs it's going towards automation, and the bit about companies going from state to state, well, even the workers aren't holding their breath. >> they can go down from $20 an hour to $23-3-an hour in another poor nation that's what they are going to do. you're not going to do that from going to indiana to michigan or indiana to tennessee >> reporter: well, even the president of the indiana economic development corporation acknowledges this deal was unusual. she says that she defends the deal because of the high-wage jobs that it saved, but she says the state normally tries to convince companies to come to indiana and add jobs rather than paying them to stay. so, will this change our 11th annual america's top states for

business rankings? just three weeks away. you'll have to see about that. it's going to be interesting you can read more about this story and about our upcoming study at topstates.cnbc.com. guys >> scott, we'll look forward to it good to see you as well. check, please is next. so new touch screens... and biometrics. in 574 branches. all done by... yesterday. ♪ ♪ banks aren't just undergoing a face lift. they're undergoing a transformation. a data fueled, security driven shift in applications and customer experience. which is why comcast business delivers consistent network performance and speed across all your locations. hello, mr. deets. every branch running like headquarters. that's how you outmaneuver.

check, please.

all right. time now for our final thoughts called check, please mine, guys, is going to be on big three which is the three-on-three basketball lead, half court league that ice cube on set is so graciously talking about. kuby, if you're out there, thanks so much for coming on i think it will be a success not just saying that because he was here the ticket prize seem reasonable kids under 13, i think that's half price they come with a parent. these are big-name stars that are just a year or two out of the league still interested in seeing them. i think it will be a hit also, by the way, the las vegas raiders, whatever you want to call them, just signed their quarterback to a five-year $125 million deal which looks even better, derek carr, in a state with no income tax. >> wow fun while he was on and articulate it had really well. >> a fast game, going to be broadcast on mondays on fox sports 1 but it will be interesting to see what the streaming strategy is for this and whether or not this will actually command pretty good revenues when it comes to signing it up, the broadcast

rights to it and what that does for streaming as well. >> my check, please, is the senate health care please. i have been looking at it since 11:00 this morning we've been focused on what's going to happen with a lot of the governors out there and crucial to getting this thing passed what isn't crucial is that anything has been done to lower the cost of individual premiums if you don't qualify for a subsidy. yes, the mandate does go away, but you're an individual out there who would like to buy insurance on the individual market i don't see what this does in fact, maybe it gets more expensive. if you get rid of the individual mandate, then you have a very sick pool, they don't allow a lot of flexibility in the plans you can buy from what i can tell, i think that's a major, major problem. eventually you want people to buy the product. >> yeah. keep in mind within the health care rally biotech is a huge driver of it and seeing extraordinary volume in today's session on top of big volume we saw in ibb my check, please is tesla going to the music streaming services

according to music industry sources tesla has been holding talks with all of them they said they want a superior in-car customer experience we'll see where that goes. is there anything tesla cannot do thanks for watching "power lunch." >> "closing bell" starts right now. that's the big news of the afternoon. >> i think so. >> yeah, i mean, spotify is not public yet but i would love to see their share price right now. if tesla is going into the music business, pry pridery for its cars, why not pandora or spotify or partner up. >> next thing you know they will be offering all-day breakfast, too. >> maybe apple can do that looking for another example. amazon gets no whole foods and tesla into music streaming what's the next one going to be? rebel to "closing bell," everyone i'm kelly evans at the new york stock exchange. >> and that makes me bill griffeth health care stocks surging after