cvs has aetna. that's what walgreens lacks.y got boots i like aetna more than boots okay it's pretty simple one is befrt than the other so don't conflate them. they are different kinds of companies. but both are having trouble against amazon and there's nothing you can do unless you get the omni channel right i always say that's a bull market somewhere i promise to find it right here for you on "mad money. i'm jim cramer i will see you tomorrow. >> welcome to the shark tank, where entrepreneurs seeking an investment will face these sharks. if they hear a great idea, they'll invest their own money or fight each other for a deal. this is "shark tank." ♪ my name is nick romero. i'm 30 years old, and i live in venice beach, california. ♪ venice is such a creative place, and my store is completely based off creativity. ♪ my store is called the ave, and there's no place like it in the world. what we do is, we allow for people to come in and custom create any article of clothing--

cbs health we're going to find out how that aetna merger is working. maybe that can get the stock moving away from its low where it seems to be a den-season. we spoke to the ceo in one of his beautiful stores in midtown manhattan. health care is just so hated right now. so consider cbs a show-me situation, but last night, unitedhealth, rallied hard today, could be good for aetna at the same time, the best company that reports next week estee lauder, will put on a clinic, couldn't resist, about how to make money by helping people look their best why? the visionary ceo is the best manager in cosmetics he may be the best manager in any industry if you want to know what makes for a great conference call, listen to estee lauder because a great call means a great stock from a great company on thursday morning we get numbers from dow chemical a-5% yield, and the stock went down we own it for a charitable trust. we own it as part of the dow dupont breakup the former parent reports. i think you're getting a gift with dow's safe dividend on friday, we get the no

the gentleman who was head of aetna, and you know he got for putting together that merger?us. to think that's how we should spend health care dollars? >> martha: i think everybody is in agreement that health care needs to be fixed in this country, the question is how, and my question to you was, it will drive up taxes to pay for health care, and not just the wealthy will pay for that, the middle class will also pay for it. >> senator sanders: very good. >> martha: how do you justify it? >> senator sanders: martha, what are you not including in your discussion? >> martha: you tell me. >> senator sanders: i will tell you. you're not going to pay any health insurance premiums. >> martha: you're going to pay one way or the other. >> senator sanders: whether it'x or payroll tax. >> senator sanders: health care is not free. >> martha: of course not, you just said it's going to be free for everyone. >> senator sanders: is going to be free of the point of when you use it, okay? why are you so shocked by this? >> martha: because someone's going to pay. >> senator sanders: somebody i

haveow that aetna and cvs merged, everybody is also in that business, so it is hard to point fingersse you are pointing fingers at yourself in many cases. christopher: the perception is that they are all bad. the public is angry and correct to see that they are our -- that there are all these companies making big profits on their backs and on taxpayer backs. the pbm debate is a great example. you have a system where it is almost like an old time racket on the streets of brooklyn. you have one side basically using its market power to extract big, big payments out of the other side. a system of like extortion and kickbacks, honestly, and that is how a lot of people see it. so when they come before congress and the drug companies are saying it is the pbm's in the pbm's are saying it is the drug companies, and members of congress are saying, it is both of you and you both need to be reformed. >> and we need transparency to sort it out ourselves so we know who might be telling the truth. susan: with divided government, until there is another election which would range the nocumstance and

insurance industry but there is also the pbm industry that these pharmacy benefit managers -- now that aetna and cbs are merging or have merged you know everybody is also in that business so it is very hard to point fingers because you are pointing fingers at yourself in many cases. >> perception, not just reality. >> the perception is that they are all bad. correctic is angry and to see that there's all these companies that are making big profits on their backs and on taxpayer backs. the pbm drug debate is a great example where you have a system where it is almost like an old-time racket like on the streets of brooklyn where you have one side basically using its market power to extract big, big payments out of the other side. it is almost like a system of extortion and kickbacks, honestly, and that is how a lot of people see it. so when they come before congress and they are like, you know the drug companies are pbm's and the the pbm's are saying it is the drug companies, and members of congress are saying, it is both of you and you both need to be reformed. >> and we need transparency to s

this e prescribing thing can help if it covering all of the plans with the same blue shield or aetna or kaiser. the provider getting it on the screen. don't use this, use this. the next step is for the member. i will give you an anecdote. my father was dying of cancer and my mother was being discharged from the hospital for a prescription for an antacid not covered by the formula. there wa was one on the formall. i said talk to the doctor. i was her son the internist telling her there was an equivalent drug. that is what the doctor provided. my mother was a college professor. that is what the doctor prescribed, that is what i am going to play for. the complexity at every level is not just the members. it is the pharmacy who is trying to do the right thing and there are pharmacists doing the right thing and the providers. we can't minimize the impact on anyone. >> i noticed that you ascribed no affirmative behavior to the pbm in this process. i thank you for that. >> any public comment on this item? come forward. >> my name is erica. i am a current employee. i am covered under blue sh

perhaps it could come from the corporations that benefitted from slave labor like jp-morgan and aetnaker: how big someone who is obviously at the pennacle of privilege in our society like cory? >> you have heard his story about his father having to buy a home and had to have a white man pretend. >> tucker: there is no doubt in my mind that cory booker's family faced racism. >> he is not privileged. >> tucker: unlike me, he went to stanford. then he was a road scholar at oxford and then yale. there are people who lack any privilege. he is not one of them. >> does anybody earn that? who is to say he doesn't earn the road scholarship and the entrance into stanford? >> tucker: i am not saying he didn't. in 2019, he is one of the most powerful people in the country. would people like that be eligible for payment? >> we are studying how this works. >> tucker: let's add our voices to the conversation. i think it's clear that sins that took place in america's pass reverberate through the centuries. >> absolutely. >> tucker: do we make it worse? my concern is: if we are giving people money who

what about aetna. >> who would get it. that's the funding side i mean the beneficiary side., someone who's obviousl at the pinnacle of privilege in our society. >> i wouldn't say the pinnacle privilege for debbie heard the story about his father joined by a home had to have a white man pretendnd. >> there is no doubt in my mind that his family has faced racism ,. >> unlike me for example he let me he went to stanford, then he was of rose-colored oxford may want to yell lustful. and now he's a senator. there's people to lack any privilege at all, he is not one of them. >> does anybody earn any of that ? who's to say he didn't earn tha scholarship, the entrance into stanford. >> our missing he didn't. i'm saying as of 2019 is one of the most powerful people in the country. would people like that be eligible for payment? >> one of the things were doing. >> as you know, and i mean it. i think it's really clear that s since that have taken place i america's past reverberate through the centuries. >> absolutely. the past informs the future. >> do we make it worse? my concern would

and the aetna ceo making $59 million a year. >> the transition cost could be crippling. you know this and there's no reason to bury people in the details just yet but i'll tell you that i invite the senator on on a regular basis. i was on the stage with him the other night at the town hall. i tell him on a regular basis, come on. make your pitch about health care. i'll give you more time than anybody because the devil is in the details. the transition costs could be crippling. how do you get around them? >> i would say a few things. first, it makes economic sense in a time of a digital age where people have to change jobs. if you talk to companies in silicon valley, many of whom support medicare for all, the reason is not because of the wage differential but health care costs. we're paying more than other countries. taiwan is a single payer system and a free market economy, more free than the united states but they understand that they don want profits going to insurance and pharmaceuticals. the average american, i think, will save money. dm now i agree with you. it's a

here medicare for all versus a problematic system that allowed unh, anthem, humana and now cigna and aetnas those stocks opened. i think wall street's fears are more to watch than that they're worried about the more left wing democratic candidates taking the white house in a wave election it gives them the house and senate remember when happened when obamacare -- when obama got a super majority, we got obamacare. even though it ended up being a huge give away to the managed care companies, the stocks cut in half, cut in half between the time ebo obama became the front-runner and the election the whole market was obliterated. health care stocks should have been insulated ghaens weakness it's important to point out that his landslide victim i have what created the bottom in health care stocks, not the introduction of the affordable care act not the passage. every stock rallied considerably with unh doubling. again, this is part of a broader rebound that this time health care outperformed. the whole period of the affordable care act through the passage was incredibly benign one for the group.

. >> brian: chris, give the people the aetna realize they are no longer in an industry.s been turned over to the federal government and --- >> -- obamacare made private insurance more customers find a way to keep that system going and cover more people. we have got -- everybody has to come to the table with ideas. brian. can't be calling it socialism and can't just be calling it names. everybody has to come to the table.e you and i talk about things. we work things out. the american people who govern have to do it as well. >> brian: right. chris, you are talking about something whoeverr wins 2020 that's the conversation we have. but to get to 2020, there is going to be no compromise. going tooo be two sides totally separate and we both know that but, first, one person has owe merge from a group of 20 that could grow even more. it's going to be great having you on over and over again and watch you pull out your hair. >> can't wait, man. [laughter] >> brian: all right. chris hahn, thanks so much. you are now released to enjoy your weekend deputy a.g. rod rosenstein just cr

they love their doctor, but not necessarily aetna or cigna, so why is redirecting that 18% from insurance premiums and payments from cvs pharmacy to somewhere -- to a tax necessarily bad. it won't cost more, but will redirect the money. dir. kudlow: i don't know what the right amount of health care spending is. or what the right share of the economy is. i have never particularly understood that line of reasoning. if you live in a prosperous economy and incomes over time continue to rise, which is the story of the american economy, going through slumps and rebounds and so forth, people may choose more health care. it is free choice. i like that, a lot. i think a lot of the systems, overseas, many of the european countries that operate completely government-run socialistic type health care systems, i don't know if they spend more or less cross-country comparisons, but i will take your word. they don't do it very well. they don't do it very well. we do. we can make changes in reforms. our administration is constantly working on that. deregulation actions, and related matters, we will have mo

knocked down almost 20% from the beginning of the year and the distinction here is that cvs bought aetna i like that combination of pharmacy benefits management and insurance. >> so i think one thing that you see going on in healthcare is that money may be going out of thelarger pharmaceuticals and looking for a home and cvs, in particular, is one that's gotten knocked down to a level that is under eight times earnings it still has problems competing, the internet is a factor, but nevertheless, you've got a company selling at a very cheap multiple and if there is healthcare money that's got to find a place to be and it's not biotech companies selling at incredibly high multiples which continue to go higher, i think that's the other side of the barbell that can help. >> scott, can i go back to the semis for a second >> i'm glad you did because i want to bring up a couple anyway >> let me see if i can lead this in here. the whole discussion we're having is whether this slowdown is going to continue globally or whether we're going to get a second half recovery and obviously the chips are sa

. >> and the pbms is owned also by cvs and also aetna insurance is. so we have at that the insurance company we have caremark the pbm and cvs the drugstore, all the same company? >> that is correct. okay ms amy bricker, i believe that express scripts you are here presenting a pbm? and you are also you just bought out cigna insurance? >> cigna acquired >> express scripts. and you also have your own pharmacy, is that credit ? >> that is correct. >> mr. sumit dutta. united healthcare is the insurance company and you also have your own mail order pharmacy is that correct? >> optumrx and united healthcare are sister companies, yes. >> and you have a mail order pharmacy. >> optumrx has a mail order pharmacy. >> yes. nevertheless, when you say during these hearings and that you are returning money to the planned sponsors can you define plantar sponsors to me, is that the insurance companies? mr. moriarty? >> it is the employers. >> are you sending the money back to the insurance companies? >> is much more than just health plans sir. >> you are sending it bac

he's doing some strange things with cvs and aetna is there -- what is he doing there?r as you -- >> a merger that is done that has been approved that has actually occurred and closed and yet he continues to hear arguments or -- >> we challenged a portion of that merger and we required divestiture of 1.5 million lives to be insured, sold to well care i believe that portion of that divestiture has also been closed the judge has a role to -- under a law called the tunney act, to review our decisions, to make sure that that portion of the challenge has been settled and what is called in the public interest and there is specific guidelines we're before the judge and it is a -- you know, it is unprecedented but certainly the judge has a role to review our judgments. >> but it is unprecedented. >> it is unprecedented. >> nothing like this has ever happened there is the possibility that he could try to undo the deal. >> what is interesting is in preparation for this, one of my predecessors, ann bingaman, head of the antitrust division, we named an auditorium at the antitrust d

decline of the number of people going to walgreens where are they going we got people coming in from aetnahen they do the remodels, where are they going from walgreens? they're not going across the street it is entirely possible that they are going to walmart. it is much more likely they're going to amazon. when you see the amazon number is up, you have to believe they are hurt these numbers are repulsive. honestly >> we'll mention more some of these price cuts of whole foods and what it may mean >> there you go. >> when we come back, the dow get as new member today. jim fitterling is going to join us >> amazon is planning price cuts for whole foods. we'll talk about what it means for the company. best day for the dow since february 15th, march 11th for the s&p. future is pretty steady. we'll be back in a minute. ♪ ♪♪ ♪♪ ♪♪ feel that? that's the beat of global markets, the rhythm of the world. but to us, it's the pace of tomorrow. with ingenuity, technologies, and markets expertise we create the possible. and when you do that, you don't chase the pace of tomorrow. you set it. nasdaq. rewri

they need that money to reinvent walgreen wal walgreen's and they bought aetna. >> no clue the personehind it got engaged recently theranos they're going to put -- >> we'll get cramer m's mad das. more "squawk on the street" continues in a moment. [knocking] ♪ ♪ memories. what we deliver by delivering. you should be mad at people whos forget they're in public. and you should be mad at simple things that are unnecessarily complicated. but you're not mad, because you're trading with e*trade, which isn't complicated. their app makes trading quick and simple so you can strike when the time is right. don't get mad, get e*trade and start trading today. >>> six minutes until the opening bell are you making hand gesture? >> can we get that insult thing away they called me bryce on the set? yeah what do they call him? >> did you hear the boos yesterday? >> yeah, oh, stop it i am a philly fan. get the heck out of here i will see you in september. >> he's like literally doing this >> jim, you are watching tsm this morning >> you bet i am. this is it now we are ramping up new production rate. thi

aetna in 2010 was trading at $27.30 a share. in 2018 it was $180 a share. you stuck it to the american citizens. you took the money out of our pockets and you put it into the hands of the insurance industry. you don't want to follow aetna. let's talk about united health care. $29 a share in 2010. in 2018, $246.54 a share. how did that happen? how did that happen? if the american citizens were getting a square deal from the legislation that you passed, that you could only pass if the insurance industry didn't object, how did united stock go from $29 a share to $246 a share? if that's not enough, how about huma? $29 in 2010 to $246 a share in 2018. how did this happen? this happened because you let the insurance companies exempt from the antitrust laws in this country. how did that work out for the u.s. citizen? we got a mandate by the democratic party to purchase a product for an industry that is exempt from the antitrust laws of the country. now, there are flaws in the legislation that you passed. i'm amazed at your refusal to accept that. you can't buy an

the story at the largest provider of health insurance in connecticut is aetna.lso if you go to the washington post this morning, space force is the topic of the story. three states competing to host that. alabama, california and colorado. it would oversee and coordinate all the aspects of the space establishment of the space command is a key step in the process of standing up. space force which in time would be the sixth ranch of the armed forces. c-span has covered a lot of hearings about the proposal. m at c-span.org. you can see everything that we've covered since it was first proposed by the president. in oklahoma. republican. caller: i wanted to thank you for taking my phone call. that first comment of all, i have worked a lot of years to pay in to the social security savings account and i have also paid into medicare savings account. politicians the have their own social security retirement fund and their own and they spend our and do not take into account that that is our savings account, not theirs. and they let all the illegal immigrants and all these s

they will come from individual taxes or any corporations that were involved in the slave trade like aetnaions for how this could work. this is what a commission and a study is supposed to do. john conyers put it forth year after year and now we are finally going to take it seriously. ainsley: christopher, we have a list of all the democratic candidates that are saying that they are for it many of them were telling al sharpton they are for it. are they just pandering? >> absolutely. they are pandering, ainsley, bowers they have nothing else to offer at this point in time. i mean, the economy is cranking. black people are moving towards economic independence, and so the only thing they can do is try to have a wedge issue to get people emotionally. ainsley: everyone is sucking up to al sharpton. this is what joe biden said in 1975 when he was a senator. he said i don't feel responsible for the sins of my father and grandfather. i feel responsible for what the situation is today. for my sins of my own generation. and i will be damned if i feel responsible to pay for what happened 300 years ag