bertha coombs has more. > the trump administration already proposing pricing changes for drugs prescrid by doctors under part b. now it's aiming at the pharmacy drug pns. >> part d. >> what we proposed today is really historic changes to the medicare drug program to allow actuallyg plans to negotiate against drug companies in what are called theot six ected classes. >> right now, medicare is legally prohibited from negotiating with drug manufacturers for six major categories o drugs, including cancer and hiv treatments. if a doctor prescribes a drug regardless of cost medicare pace what the drug company charges. >> and in the commercial sector we would get about 30% discounts just using the normal ls negotiating that your plan and my plan have. >> house secretary allowheg insurers a benefit managers to actively negotiate could mean saving which by keeping the price hik in check. pharmacyof the opt up benefits unit praised the proposal. >> i think overall we share with a common objective with the concern about drug affordability. we share an objtive about trying to drive to lowest cost.

for nightly business report, i'm bertha coombs. >>> so what could the possible changes in the health care instry mean for your investments? car ray murphy joins to us talk about that. the chiefes ient officers at united capital. nice to have you here, car ray. >> thanks foravg me. >> i talked to one analyst today saying this is a perfect or best case scenario for those involved in the health care stre. would you agree with that? >> i do. of all theifferent areas of the market who had an issue at stake in yesterday's election, health care is the clearest signal. and i think the two biggest take aways -- you've bee talking about them earlier, the affordable care act is here to stay and medicaid rather than being brought down is being ex bnded. i thinh of those are very positive for the health care secretarier >> what aut drug pricing? both sides of the aisle seem to want to do something?no now whether o that happens certainly we don't know yet. but that seems to be the intent. what might thempact be on some drug companies. >> well, so it's. interesti today we had both the managed care

only.02% of a gain seema mody is on the floor and bertha coombs at the nasdaq.eema, let's start with you. >> we are losing steam here as we head into the close only up 48 points, but in terms of what has worked throughout the day it's the sectors like energy and technology which led the selloff earlier this week and are leaving the market modest rebound big oil names are all on the rise led by chevron up about 1.7% and the performance of stocks in november illustrate a much more defensive posture as we've been discussion. the latest hedge fund report from goldman sachs shows the tech and consumer discretionary into sectors like healthcare is actually gaining momentum. healthcare, utilities, reits are underperforming today, done well this month in terms of the s&p 500, that paints sort of a different picture. it's names like starbucks, foot locker and travel names and norwegian cruise line which are leaving the s&p 500 for the month. >> seema, thank you. >> let's send it up down to bertha coombs for an update from the nasdaq. >> we're off the highs but still hold

for "nightly business report," i'm bertha ces. >>> coombs. >> let's turn back to abby gluck. welcome back. nice to have you here, abby. >> thanks for. having >> i want to go back to something that you said in hese are report, that legal drugs. they're fda approved. they're prescribed by physicians and as a result of that walgre s andcvs are obligated to fill those prescriptions. so on what basis is this lawsuit going to go forrd with them? >> well, this lawsuit is different from the tobacco lawsuit precisely because the plaintiffs are casting a hugely broad net of responsibility. they are arguing that everybody down the chain had a responsibility to raise red flags when they saw too many pres'riptions. th arguing that these companies had a public health duty ande duty to public to monitor and raise warning about.s when they came that's different from the tobacco crisis and it's what's pulled in cvs and walgreen. >> here's the question i have. when you consideve the mas settlement talks going on in ohio and you add in the other state lawsuits that are com ag up her the time, w

bertha coombs has the details. >> sources are telling cnbc that amazon is set to make that announcements soon as today. it will split its second head quarters between the new york and washington areas, specifically crystal city, and long island, new york. amazon said they would also make an investment in a third city. that would cap a year-long beauty contest that received more than 200 bids from cities and states amazon said it would spend more than $5 billion on that second headquarters and would hire 50,000 workers crystal city could put it in line to win a massive cloud computing contract that the pentagon will award next year. amazon already has about 2500 employees in the d.c. area this would certainly multiply that they also have roughly 1800 workers in advertising, publishing in new york long island city is a former industrial waterfront and it benefited from a push to reposition new york as a top location for digital industry in the wake of the financial crisis neither new york or northern virginia officials have disclosed how much in tax breaks they have offered amazon you hav

i'm bertha coombs at cnbc global headquarters. here are today's top business headlines. wall street attempting a rebound this morning, following yesterday's sell-off that saw the dow plunge 600 points and nasdaq fall nearly 3%, sparked by a big decline in shares of apple but on top of that, continuing concerns about the rise in the u.s. dollar makes it harder for multinationals and worries about the trade war with china. apple tanked after the company that makes technology for the iphones face i.d. feature lumentum said one of its largest customers asked it to reduce shipments for products. that pushed the broader sector lower. >>> amazon expected to announce as soon as today it is splitting the site of its second head quart quarte quarters, there will be two, between northern virginia and long island, new york. the company will make a significant investment in a third city. the decision will cap a year-long beauty contest that saw more than 200 bids from cities and stiz states promising amazon billions in tax breaks. it will boost its presence in new york and washington

bertha coombs watching the impact of results on health care stocks steve liesman will tell us what lastight means for the economy. and aditi roy will join us on the movement we're seeing today in pot stocks. but we'll kick things off with dom. >> some of the big movers we've been telling you about all the way up until the election last night the last couple of weeks have focused on things like health care, defense, consumer spending, that sort of thing let's take a look at what's happening with the ishares aerospace etf. this has been rallying the last week and a half or so off of some lows from the turmoil that we've seen over the course of the october month there. but all of a sudden we're seeing a little bit of a move to the downside here. the reason why, perhaps this idea that defense is still in play but we are hitting an area of resistance in the marketplace. $201.44 is the trade there that's the 200-day moving average for that stock it came up there and backed off sense. but defense certainly a sector to watch also one to watch is consumer spending, especially when it comes to re

eamon javers, bertha coombs on the health care beat and contessa brewer has a roundup.amon we xwin with you >> feisty is one way to describe the press conference we saw a few minutes ago. the president clearly fired up, bracing for a fight, heading into his own re-election now in 2020 with the mid terms behind him. the president was asked if he's prepared now to work with democrats who have taken charge of at least part of capitol hill, the house of representatives, if the democrats are focused on investigations of the president himself. here is that exchange and here is how he handled the question >> if they start investigating you, that you can play that game to investigate them -- >> better than them. and i think i know more than they know. >> reporter: can you compartmentalize that and still continue to work with them for the benefit of the rest of the country? >> no. >> reporter: are all bets off? >> no, if they do that, then it's just all it is is a war-like posture >> "a war-like posture" if they investigate him. we heard from nancy pelosi speaking up on capitol

let's get to bertha coombs. >> we did see the dow move into positive territory. energy lead. one of the big debates here is did we go from being oversold in october to maybe being a little overbought yesterday a lot of folks really surprised by the extent of that rally yesterday. the dow is now within three percent of the october record. one thing that has people feeling positive as they are expecting that the fed will be back on schedule in terms of rate hikes. not expected today. there is no conference after the rate hike announcement today or the rate announcement this afternoon. but the futures are now indicating that hikes will be back on schedule to where they were in early october in terms of expectations because the consumer is strong. we have lower gas prices and we seem to have a fairly resilient economy here. among the best performers since this recovery, if you will, in the markets have been utilities and real estate, those rets pay high interest rates and health care. all of them are within about three percent from their highs. it is tech that we are

. >>> bertha coombs. >> we are edging into positive territory at this point.take a look at the major sectors that often move the nasdaq, it is all around the worst drag this is week has been the hardware sector down here over 4.5% and the big reason why is apple. apple on pace for its ninth straight weekly decline and as you look at the drag that apple is causing, it's across the board. it's responsible for more than a third for the dow and the s&p. nvidia is one that i'm watching today. a lot of traders have said you're seeing folks sell whatever they can. this is a stock that has been down it started up the other day and really faded we'll watch to see whether it can hold on to the gains we're seeing this morning. we're also watching china stocks under pressure with that selloff in china interestingly, c-trip had been the best performer coming into today. so far it's given up more than half of its weekly gains back to you. >> bertha, thank you very much bertha coombs. >>> look at this morning's top-performing names on the s&p as we cut our losses on the dow.

with your cnbc mning business report, i'm bertha >>coombs. hank you.nksgiving is over a week away and we're trying to help yout fihe fat before the holiday gets here. some unique workouts to help you counter the calories. >> this rning, she's taking on the warrior workout in bowie. that just sounds hard. tell ushat you're getting yourself into this morning. >> oh my goodness. we're at an early morning workout. he is relentless this morning. these people have been in this room since 4:30 this morning getting theirni early m workout. this is the next step to fighting the fat before the ys holi. we're going to be live throughout the 6:00 a.m. hour a king it out, working up sweat with some warrior workouth pions this morning. stay with us. >> on the struggle bus.o good luck you. >> good form, though. >> don't overdo it. >> good form. >> also ahead, continuing coverage of the big amazon news. it's being reported that the company is going to build one of its two new headquatersn northern virginia. we're live looking into what that might mean for this region.

>>dom, thank you very much uptown now to bertha coombs, at the nasdaq almost 4% losses? the big loss take a look at the russell 200, down 2% for the week, and really leading the gains today. we have chips today, a -- just edging out of the -- but the big gra drag, has yesterday to demp a -- close out. >>> thank you, bertha. >>> sue herera has a news update. >> hello, everyone tijuana's mayor has declared a humanitarian crisis and is requesting aid from the united nations. about 5,000 central american migrants fleeing violence and poverty arrived in the mexican border city last week. they are hoping to eventually make it into the united states u.s. border inspectors have been processing only about 100 asylum claims a day at tijuana's main crossing to san diego. president trump threatened yesterday to shut down the entire boardrder into the u.s. >>> there is word that john allen chau wanted to bring christianity to the island >>> bermuda upheld its earlier court ruling it was made after the governor challenged it. >>> the vatican welcoming today a 64-foot christmas tree th

open enrollment starts today and i got a nice primer from bertha coombs who covers this she said texabilizing and you're expanding your footprint talk about why that is happening. >> we took a different approach on public exchanges. we took a very focused disciplined and sustained approach, entering five states in 2014, expecting to lose money in '14, '15, and '16 and we unfortunately achieved that goal speaking to turn a small profit in '17, we achieved that we grew meaningfully in 2018, will remain in our six states going into 2019. we'll add arizona and we feel good about our product offerings that we can bring to market for 2019 because they're done with value-based health care provider relationships as the backbone. that's how we've deliver add more sustained result so disciplined expansion and adding arizona is a positive. >> i hope you won't think this is too far afield but health benefits from cannabis or cbd? people are trying to figure out how this will fit within health care what does the space think about that >> a little outside my sphere of expertise but if we step back

to bertha coombs at nasdaq tech stocks have been seeing a small recovery, right? >> yeah, small recovery but kind of short-lived the reversal in the f.a.n.g. names this morning already fading and they really haven't lifted the communication sectors. we have seen some strength in chips coming on the heels of a research call this morning andrew lift saying he's buying nvidia now it hit a new low and said it's the first time in two years it offers appealing risk/reward well off its highs of the day, though that lifted some chip equipment maker names like applied materials and kla tencor, not enough to keep them in the green with the overall composite and large cap nasdaq 100 taking out their october lows and investors are not ready to call a bottom when it comes to the big stocks. ubs points out the tech sector has been slowing and concerned about the slowdown in smartphones but enterprise spending in tech remains strong especially in software still, they remain neutral on tech for now and, dom, while the turkeys may be getting pardoned today tech remains on the chop

stocks are heading to session highs right now with tech among the best performers let's head to bertha coombsa look at the nasdaq heat map. this has been a sea of red for so many days we're watching the nasdaq higher take a look, it's much more green today. if you take a look at some of the active movers. autodesk is one of the biggest gainers after posting very good earnings results as we know, that hasn't necessarily been a catalyst for upside moves we're seeing tech leading the move to the upside with communications names, chips, all moving higher. the fang names, of course, are higher as you talk to traders, one of them said today all he's thinking about is god, please, let's just close to the upside traditionally. folks like to go out long going into thanksgiving. back to you. >> bertha, thank you >>> facebook, apple, amazon, netflix and alphabet, down double digits. are any of them worth buying now? >>> the 2:00 p.m. hour has turned into one of the most volatile hours othf e day. the second hour of power lunch begins right after this. presenting the internet! whoa! what's he doing? come

. >> thanks very much for that let's send it uptown to see what's happening at the nasdaq with bertha coombster: hey, wilf, a fairly broad real and the nasdaq composite outperforming, but when it comes to month to date it's lagging, still just fractionally lower for the month along with the nasdaq 100. today, what's really moving tech even before that powell real was the strong results from salesnorse.com that. has a lot of the cloud players today moving much higher right along with the bullish outlook coming from mark benioff one of the biggest cloud players is amazon when you take a look at the big megacap tech names. they are all moving to the upside and that's helping to provide the biggest impact one of the biggest things we've been watching is apple and microsoft as they move who has the market cap supremacy microsoft for a time today topped apple right now it is back behind as apple moves to the highs of the session. guys, this is one of the fascinating things to watch in realtime back to you. >> all right keep an eye on that apple comeback, bertha, thank you. >>> the highly anticipat