don't forget cvs when it finishes the merge were aetna, it's going to be fantastic. >>> the ftc endedooting itself in the foot by blocking the walgreens/rite aid merger. rite aid got kraurnd ended up with less competition, not more. stick with cvs it's the winner in this space. much more "mad money" ahead, including my interview with tapestry after earnings. the company has weaved a 12% move higher today. but can the uptrend continue i've got the ceo >>> plus you might be on mars before the s.e.c. hammers tesla. and the "lightning round"! so stick with cramer >>> do not ever let anybody tell you it's impossible to reliably pick winners in the stock market last friday i told you to buy tapestry ahead of this quarter this morning for those of you who don't remember, tapestry is the apparel company formally known as coach i repeatedly point out the accessories group is red hot i predicted tapestry would have a good quarter but even i didn't expect the stock to rally to $5.70 or 12% like it did today because of unbelievable guidance. what's driving it? 3 cent beat off 50 cent basis. just

the stock flew up 4% in response cvs is about to merge with aetna, an i had been worried amazon could make this combination mighty unattractive. again though, after today, i think we've given amazon too much credit, and cvs too little as powerful as the death star may be, it can't wipe out a whole industry overnight plus, the quarter opened my eyes to the fact that the cvs/aetna deal could be a wellness killer, to put it in the most oxymoronic terms possible sure you, have to be concerned with amazon. that's it. i really don't think cvs and aetna are the problem when it comes to runaway costs in this business in fact, maybe they're part of the solution, which is one reason why cvs's ceo wants to buy aetna in the first place here is the bottom line. investing is know about not what just to believe, but who to believe. that's why you've got to have faith in disney, cigna, and cvs. but others like elon musk may deserve a bit more let's say circum spection. they still have empirical underpings the stocks i just recommended, i expect them to be higher a year from now, in part because i tru

aetna on track to close soon.z on this. >> it is a question that has been hanging in midair air because the trump justice department has set the bar for the high for the clearance of these deals. actually reported yesterday that antitrust officials really do not see competitive issues in this case because the two companies operate at different levels of the supply chain. the company says it expects this deal to go through in the third quarter or maybe early in the fourth quarter because things are moving along easier than expected. on top of that, the company also out with some good second-quarter results. beating estimates, is on track to have 31% eps growth. businesstional cvs storefront to beat on prescription drugs. shery: they seem to be -- david: they are clear and regulatory hurdle than at&t did not clear. cvs and it's deal with aetna? >> yes. biggestone of the pharmacy benefits companies in the country which has been targeted by the trump for having a hand in a rising drug price. if the trump administratio

vonnie: cvs says its takeover of aetna is on track to close earlier in the fourth quarter.hey are working productively with u.s. regulators and bloomberg learned that antitrust do not see problems of investing in different companies for the supply chain. that is your business flash. disney ceo bob iger is looking past the film write-offs that cause them to missed quarterly earnings. he gave a view on future plans for streaming services and the takeover of 21 first century fox. how a listen. bob: fox also has significant stake in sky, the most successful television company in europe. the addition of the valuable assets will enhance our position as a global entertainment company with excellent production and distribution businesses and a key and emerging markets around the world. vonnie: joining us now is a portfolio manager. if you once it so badly, why not offer more? >> i think that is in the cards. in a regulatory filing with the u.k. takeover authority to extend the window for them to make a deal. get in overbid, hopefully we get it soon. and that being said, i think the

beat.aw a they beat, they boosted and said the aetna deal is on track to close.011 on a massive beat small numbers,s, seven cents, a 30% shortage there. a bit of a squeeze. this is a $100 stock a few years ago now an $18 stock. overall a strong earnings season. 1993, theback to percentages of s&p 500 members posting an upside. steadily climbing in the right direction. the s&pw we have 82% of 500 companies in the latest quarter beating estimates, speaking to the strength of the economy and ability to the fortune 500 managements to manage expectations quite well. not all companies doing great. let's take a look at the .aggards on the day the worst day since may -- they missed on the top and bottom line, expectations high after hers put up a strong quarter yesterday. put up a strong quarter yesterday. snapped down 5.3%. they beat, daily active users decline for the first quarter. analyze -- analysts was not liking that. papa john's maisel and miss. shares at the lowest levels. scarlet: let's get to first word news with mark crumpton. mark: high level meetings betwee

you're and we support that.ing what matters, at innovation health, a partnership between inova and aetna, we take a total approach to health and wellness, so you can age actively.an keep pursuing the life you love. innovation health medicare. learn more at ihmedicare.com >>> to a break in the case of a little girl gunned down outside her home in the district. police arrested a man inh connection whe murder of makiyah wilson. detectives have identified a second suspect, he's still on the run. the arrest has brought some comfort to her mom. darcie spencer has her reaction tonight. >> basically, overwhelmed with the news. >> and for once it was good news ar done wilson. police made an arrest in the death of her 10-year-old daughter. police arrested qawan thomas. and they have warrant for a second man. >> what would you want to say to is person to convince him that he needs to turn himself in. >> you broke me. that was my heart, my baby. >> according to online court records, both men were indicted in prince georgesg county on d charges. both men were released on bond aythree before makiyah w

then cvs which is urging with aetna. i never thought i'd see them sell for a paltry nine times everything come on, that's half the average in this market and it's not an average company. but that is what happens when jeff bezos is gunning for you. i like the combine very much i think these two are made in heaven in fact, i like all the health insurers and if aetna is allowed to merge with cvs, you can do a lot worse than owning this company that said, i don't know if you're being paid enough for the deal to close even with the 3% dividend in the meantime, you are at amazon's headliners insy occidental petroleum it's gone from worst to first in the eyes of many oil investors the company has become a discipli discipline going from hated to loved to being out of favor all over again after a tough july. but this one has hung in there pretty well. i think it's regarded as the blue chip of texas makes sense. as far as i'm concerned, occidental is one of the best oils to earn no need to get ahead of it, though, because if crude

w much pricing power do you think they are going to have with this aetna deal if indeed it does go through. insing the pbm and using their muscle to gain doctors and what the value is for this whole deal is the ability for them to utilize those retail networks and those retail outlets and be able to treat their numbers at a loweri cost wi those retail outlets hrough their own medical clinics and that's where the real value lies and that's where they'll be able to treat medicare patientst a lower cost and treat medicaidatatients lower cost and it should pull back with the consumer in terms of lower premiums a the premiums that will grow as much as they have in the last several decades. >> you'll need comtition to make that all happen so that you don't see this over concentration in one company and you feel like you need to see walgreen's or a walmart in this consolidation,>> right? ot necessarily in terms of having had competition with cvs. if someone were to partner or buy a walgreen's or partner a walmart and then have a service that's going to be comparable to cvs. at the end of the day,

you'rand we support that.asing what matters, a partnership between inova and aetna, you can age actively. approach to health and wellness, and keep pursuing the life you love. innovation health medicare. learn more at ihmedicare.com > >>>. >>> all right. you know they once said we need he pain to tell us we are alive. the idea of waiting for something makes it more exciting. the neseason game is the way. the anticipation of the regular season. >> this week the preseason game for the redskins before the season opener. >> there has been a sense of urgency. >> new quarterback says the team put in enough work even though most will be sidelined on thursday. >> if we had played i don't think it had a bearing i guess is my point. i don't think there's any perfect right answe you try to make it based on all of the variables. nowelling on the fact. the openers sitting right where it is. we are stiri pre for it. >> this thursday and friday morning we have it going on. we will evaluate and see what they got going on. >> that match up only 13 days against the cardina in arizona but first the redskin

that was what you did at aetna. took a lot of the information you could find out about people, that you digitally tracked and tried to find ways to improve health care outcomes because it means not only you can save money at the insurance company but you can give better outcomes. >> the point he's making is critical. one of the tragedies in american health care is so many people are more ill than they need to be, that is to say, they are suffering from some set of chronic conditions but could be substantially healthier if they were able to manage those conditions consistent with the best medical counsel that's available to them, but because of perhaps where they live or the social circumstances under which they're cared for, they end up in a position where their health is far below where it might be and that gap prevents a tremendous ability. so if we can raise a person's health to something consistent with those who are in the best position with similar die nothing stick circumstances that's a critical outcome and

it's $60 billion takeover of aetna is set to close.ays it is working productively with regulators. bloomberg is learned of the antitrust board does not see competitive problems that can stem from uniting companies at different levels of the supply chain. the city of newark, new jersey is ready to add $1 billion in tax breaks to its pitch for amazon's second headquarters. the city council is expected to approve the plan today. it would be part of a $7 billion package that -- is dangling in front of amazon. newark is one of 20 companies on the -- 20 -- on the company's shortlist. -- an upbeat view of the new video streaming service and a takeover of 21st century fox. he says the new espn online service is attracting more subscribers than forecast. that is your bloomberg business flash. david: for more on disney's earnings, joining us now is moffettnathanson senior researcher, michael nathanson. welcome to the program. listening to what bob had to say forward,ll, let's look it is all about what is coming around the corner. how did analyst

debate breaking out on wall street on how wall street is undervaluing apple like a sleepy insurer like aetnaa stanley black and decker, a steady eddie kind of value stock when it's popping. it's about services like music, tv streaming. that's the second best performing unit of apple, it should bvalued more like a consumer goods company. if it was valued like that, it would be the fist $1 trillion company. around 17 times forward earnings. if you bring it to 20 at least, it goes through a trillion. stuart: so one more day of the trillion dollar watch. now it's got to get to 207.04. i think we've got a special graphic -- elizabeth: amazon is still $250 behind -- stuart: what do they know? [laughter] all right, liz, thanks very much. where are we going to open this market? down about 150 points. the nasdaq's going to be down about 50. the ten-year treasury yield, is that important in this market? well, on occasion it is. it touched 3% yesterday, it's backed off to 2.98% as of this morning, as of right now actually. come on in market watcher jonathan golub, a credit suisse kind of guy. how are y

we heard from insurance companies earlier, aetna reporting better than expected numbers there. apple again. the company getting closer to a trillion dollars in market value. thestock is pulling back this morning by a fraction. yesterday the stock had a great day on strong earnings. there's apple shares this morning at $200.30 a share. everything is awesome for turkish airlines, the cast of the lay grow movie 2 -- lego movie gets together for a safety video. plans are afoot to drop a blanket on this year's burning man festival. the top story, to the president's desk it goes, the senate clears a $717 billion defense spending bill which boosts the military, dulls chinese foreign investment and includes a blueprint for the president's proposed military parade. leah gabriel joins us to discuss. good morning to you. >> it gives a 2.6% pay raise to troops which is a much needed pay raise for our military. that certainly improves morale among troops. the other thing is does to improve morale is it adds active duty personnel and authorizes spending on a number of military programs, that

medical association which asked the justice department not to allow cbs's plan to buy health insurance aetna. because of reduced competition and also less innovation in health insurance and pharmacy services. cvs disagrees with this competition will remain fierce. >> a major publisher might be selling the struggling newspaper business as well. >> reportedly considering an offer to sell the "chicago tribune" and newspaper holdings to a private equity firm. total offer could be over $700 million. trump sold a southern newspaper including "the l.a. times" earlier this year and most recently made some major cuts to the staff of the new york daily news. cheryl: changing time for the newspaper base. thank you so much. not backing down in the care for with the united states. the country imposing a 25% retaliatory tariffs on $60 million worth of u.s. could go into effect in two weeks the same day u.s. tariffs on chinese goods in the same amount again. this is a tit-for-tat we been telling you about. china operating like a mobster after the jump administration imposed $34 billion for the tariffs on c

at innovation health, a partnership between inova d aetna, we take a total approach to health and wellnessge actively. and keep pursuing the life you love. innovation health medicare. learn more at ihmedicare.com >>> we live in five, four, three, two, one. >> oh, oh. >> i am blinded by the white. >> you look like a virus >> taste the rainbow. >> i just think you can maybe just tell her this is coming from you because she does not want to hear it from a guy, okay? >>me wel to "access live." it was a big time crazy week for "crazy rich asians." >> opening with $20 million. let's hear it for

be talking healthcare with gary, he spent some time recently, several years, as a top executive at aetnaf ideas about how you can reach out and take some things he learned in the gaming industry and improve on healthcare results we'll be joined by bernard tyson, the head of kaiser permane permanente he will talk about the future of healthcare, some problems along the way. and we'll talk turkey and the economy with larry kudlow who will join us from the white house lawn to go over all the escalation we've seen and some trade talk not only with turkey but with china all of that coming up. >> if this government thing doesn't work out, that kudlow kid may have a thing on television >> noticed that, too >>> still ahead, the turkey thaw may be in full swing but our next guest is tracking risks around the globe. >>> and the morning rbi and the number from china you have to hear to believe. (vo) ovewhelming air fresheners can send you running. so try febreze one. with no aerosols and no heavy perfumes. so you can spray and stay. febreze one. >>> welcome back it might be a good thursday for your

mount aetna shooting ash and lava into the sky.no in sicily rewoke last month and became active yesterday. witnesses say lava is flying nearly 500 feet in the air. and a dinosaur turned into a dragon at an amusement park, a ten-foot high t-rex statue caught fire in russia sending flames out of its mouth. sparks from a nearby welding job set it on fire. shep will be right back. like new crabfest combo. your one chance to have new jumbo snow crab with tender dungeness crab. or try crab lover's dream. but hurry in. 'cause crabfest ends september 2nd. you won't find relief here. congestion and pressure? go to the pharmacy counter for powerful claritin-d. while the leading allergy spray relieves 6 symptoms... claritin-d relieves 8, including sinus congestion and pressure. claritin-d relieves more. >> shepard: a live look now at john glenn columbus international airport in ohio where president trump and the first lady have landed. there's the first lady on cue and the president himself on a windy day in ohio. there they are. the presiden

because cvs is close to acquiring health insurance firm aetna the company says insurance coverage on the app will be available in the coming months. >>> a controversial radio show host and conspiracy theorist will not be suspended from twitter. now twitter's ceo jack dorsey is explaining why and says alex jones who believes the sandy hook massacre was a hoax, wasn't suspended because he has not violated twitter's policy. dorsey says twitter will hold jones to the same standard it holds to every single account. >>> you know north beach and sonoma and the mission in san francisco, but where and what is east cut? well, that is the new name for an area covering rincon hill, southbound and 30 blocks around the transbay terminal. banners proclaim the east cut pays homage to history mentioning the gold rush and old coffee manufacturers benefit di made up of 4500 property owners, businesses and residents came up with the name. >> a historic reference to the second street cut, which was a leveling of the highest point to allow goods and services to move easier to and from the water. >> on its

funds but 30% over the last 52 weeks a lot of other names hitting 52-week highs you can take a look at aetnamerck, waste management, vail resorts, wendy's, wd-40 just to name a few and for the week the nasdac needs one more day to squeeze it out right now around that unchanged line slightly lower but the dow and s&p are still higher and they got that great retail sales report yesterday that shows that the consumer is still strong back to you. ashley: it's perfect there's green everywhere good stuff nicole petallides thank you very much. nicole: thank you. ashley: a breakthrough in the trade stalemate between u.s. and china trade talks are set to resume we're told later this month which would be the first in more than two months and low level delegation but we're talking at least it does appear the u.s. still plans though to move ahead with tariffs on an additional $200 billion worth of chinese goods. so far, chinese tariffs have spared u.s. crude oil, but other fuels like diesel, gasoline, and propane will be hit with duties one week from today they're due to go into ef account so what does

our priority with the very aetna vietnamese is to get at that subset, small subset i think it's downo 25, not necessarily prisoners of war but again, last known alive at the time that they were seen. >> take one last question. reporter: real quick, of the remains in the 55 boxes, can we confirm for a fact that all of them are human remains or are we still questioning that? >> yes, we did a cursory inspection of the remains before we loaded them on to our military aircraft just to ensure that at least some of what was in each box was human. when we got to osan in south korea, we spent two days going through every box in detail conducting what we call a field forensic review. the purpose of that review is to ensure that every item is connell: with being human and if there were any animal remains we would have pulled them out at that time. as it was, we did

our priority with the very aetna vietnamese is to get at that subset, small subset i think it's down to 25, not necessarily prisoners of war but again, last known alive at the time that they were seen. >> take one last question. reporter: real quick, of the remains in the 55 boxes, can we confirm for a fact that all of them are human remains or are we still questioning that? >> yes, we did a cursory inspection of the remains before we loaded them on to our military aircraft just to ensure that at least some of what was in each box was human. when we got to osan in south korea, we spent two days going through every box in detail conducting what we call a field forensic review. the purpose of that review is to ensure that every item is connell: with being human and if there were any animal remains we would have pulled them out at that time. as it was, we did not find any animal remains. reporter: a quick follow-up do you have any idea how many people that we're looking at yet >> no, we don't. you know, there is a scientific process to estimate that and i wish it were very fast, because

attempts to dismantle obamacare piece by piece you had a wave of proposed mergers that cbs combined with aetnaive other players in the health care food chain more bargaining power versus the hospitals and of course there is the possibility of this new health care joint vent dpler amazon, brookshire, jpmorgan hats off to those three. they're all pretty good. but despite of these worries, the hospital stock, they've caught fire of late. the whole group is absolutely inflatable but that was company specific. wall street doesn't like how tenet handled the sale yet if anything tenet is the exception of the rule. while this stock got obliterated today, most of the group still managed to rally and you noe what even after this decline, tenet's shares still more than doubled this year to date. tenet has been incredible. which brings us back to the central question what in the world is driving this incredible move in the hospital stocks? a two weeks ago we learned life pointing into taken private by a very smart guy, apollo from big premium. so to understand what is happening here, let's zero in on the

aetna and cbs are building out retail clinics on their distribution.hrough tele-dock and pharmacies it is important these players create those various entries. they are obviously very ambitious. caroline: disruption knows no bounds. we thank you for your insight. they for the bloomberg business flash. job cut's from the biggest lender, wells fargo. mortgagecond quarter fees fell by a third. the lowest in five years. .hares of papa john's rising the struggling pizza chain has hired bank of america to help stabilize. there is no sale process underway. the founder resigned as chairman over using a racial slur. that is your bloomberg business flash. surgingd software maker today reaching an all-time high as it is benefiting from its corporate i.t. spending. can we appreciate how you said's block -- splunk. an $18 billion company. this was play as an acquisition target. away.ial buyer backed basically doubled since then. a lot of this is the machine learning space, a fancy way of saying software that scans for corporate data and find anomalies that could de

you're and we support that.ing what matters, at innovation health, a partnership between inova and aetnars,ch to health and wellnes so you can age actively. and keep pursuing the life you love. innova on health medicare. learn more at ihmedicare.com ...and you suddenly realizes you're really into art? that's yes for less. every trend. every room. on any budget. it feels even better when you find it for less. at ross. yes for less. >>> a lot of you headed out to the shred event. lauren, it's always incredibly popular. folks probably yien nice weather this morning. >> absolutely. take a lookouide. it is absolutely gorgeous out there. yes, if you're headed to the nbc 4 shred event at prie george's community college in largo, humidity overnight and then isolate chances of rain sunday and monday. small chances. we just added them. look at t temperatures. it is so comfortable out there. and no rain out there as well. few clouds. that what we'll seetoday. there's your isolated chance of rain. mondtuesday, wednesday, feeling like 100 degrees. >> we'll be back in 25 minutes with a full hour of ne

you're and we support thaasing what matters, at iovation health, a partnership between inova and aetnae a totalproach , so you can age actively. and keep pursuing the life you love. innovation health medicare. learn more at ihmedicare.com ...and you suddenly realizes you're really into art? that's yes for less. every trend. every room. on any budget. it feels even better when you find it for less. at ross. yes for less. >>> aot of peopl getting ready to go back to school. check this out, the kids get the mail and mom and dad get to keep their sanity. that's the idea of a new fashion trend. >> at'sressed to your child, it's tailored just for them and their style. t i needed to go a little deeper and find out if this booming brend is really worth it. >> shopping for school clothes th your kids. >> it's not an enjoyable experien because they tend to run around in all different directions. >> let's face ld, they w rather be playing and like father scott, mcfarla he has better things to do as well. which is why they turned to a box to skip thes sto instead. >> the idea of pulling school clo

on cvs and aetna, their reaction has been considerably more muted.wng it and that deal is said to be anticompetitive and the justice is urged to block the merger. antitrust action. we will see what happens with that particular case. this is bloomberg. ♪ this is bloomberg. ♪ >> joining us from oppenheimer, good to see you. give me your impressions on the earnings season so far. we also have big outside reactions to the upside. what does that tell you about sensitive around these countries and where people are trading them? in earnings -- on many names, a lot of crowded long stocks, a little too anplacent, so we are seeing inverse reaction where fundamentals might not have changed. obviously, facebook got started, we got that name specifically had of itself. earnings look ok. names are getting sold and there are a lot of questions about what is going on. it is a case of positioning all sides here. exposures in general with risk back in play. extremely subdued. that is what volatility is trading on. . more and there are a lot of questions about what is

at innovation health,rt a nership between inova and aetna, we take a total approach to health and wellness you n't have to sit here. here or here. havertys labor day sale means you can sit here. here or here. and get free financing for 5 years now through monday. you deserve a better place to sit on your day off.ks havertys life lood [ cheers and applause ] >>> good morning, everyone. welcome to the sho i'm megyn kelly. it's been a busy week. and there's a lot making the rounds today. here to help me break it down, best-selling author, harlan coben isere. and joe levi. welcome, guys. we're starting with -- it's summertime. so we've been about the shark attacks. apparently there has been an actual rise in alligator attacks. this week a gator bit a woman who was in a lake in the tampa area of florida. she fought back are wased at the hospital and was released, which is a miracle. t days earlier, be an alligator attacked and killed woman in south carolina.

>> lower costs, improve care, trying to side-step cigna, aetna and the like and we know that healthcarewhy not just go direct, according to some of the numbers i've seen, you know, this is providing a cheaper option, you could safe maybe 300 to $900 a year for employees who solicit the option direct and interesting that gm is working with ford because the henry ford health system that they are using in detroit. yes, stuart -- >> i was going to jump on with scott here -- >> jump on something. stuart: would you buy general motors, would you touch on industrial stock you youngsters you don't like it? >> i don't know who the youngsters are i would like to meet them. i wouldn't talk general motors even with susan's money. [laughter] >> automakers to me are in a lot of trouble other than tesla. >> here we go again. here we go. stuart: we are done, i want to talk about spacex, successfully launched a new satellite, i'm sorry, i thought you -- >> is this elon musk channel, is that it? [laughter] stuart: that was -- that's reused rocket that took off there, falcon 9, took off from cape canaveral

aetna announced a zero dollar copay.ot just think about the overdose, but how do you develop more treatments to treat the underlying addiction. that's something we have in our pipeline with technologies such as a heroin vaccine, a long-acting implant, in order to try to treat the underlying addiction long-term. maria: this is an opioid vaccine you're working on. do you think it's close to fda approval? >> it's early stages. it's making good progress. wear fortunate to have -- we're fortunate to have a partnership with the walter reed medical center, with the talented scientists at that facility who developed the vaccine. we're working in conjunction to take it into the clinic. maria: characterize where we are in the opioid crisis. this is coming as the use of prescription opioids is still very high, right? >> it's extremely high. maria: we need to make sure people are aware of this. >> indeed. the crisis is continuing to get worse. the most recent data show that 53,000 americans died from opioid overdose deaths in 2016.