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Oct 16, 2019
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bertha coombs look athat some call a hot market. >> guy penny has been on his wife's health insurancers but now he is turning 65. >> people come out of woodwork to >>contact. ou the sacramento hair stylist has been deluged with medicare plan offers. he is leans toward a med i gap supplemental plan but isn't sure. a little scary. you wonder whether or not you get theest for you, you know. becausehere is so many different ones. >> with 10,000 baby boomers a day aging into medicare. it's becomingec the fastest kbroeing segment of theme healt insurance market. >> the health administers expects medicare advantage plan growth could top 10% nextier prompting insurers to respond. >> cvsealth aetna unit moving to more than 260 new markets. united health ca will add 100 new hedges and humana more than 2 dozen. the trump administration has given insurers dpraeter medicare advantage plans with additional benefits that go yond traditional med i gap coverage. ranging from free gym memberships vision and dental to help with home care. >> there is more alternative. and there are more benefits. it's a
bertha coombs look athat some call a hot market. >> guy penny has been on his wife's health insurancers but now he is turning 65. >> people come out of woodwork to >>contact. ou the sacramento hair stylist has been deluged with medicare plan offers. he is leans toward a med i gap supplemental plan but isn't sure. a little scary. you wonder whether or not you get theest for you, you know. becausehere is so many different ones. >> with 10,000 baby boomers a day aging into...
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Oct 8, 2019
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i'm bertha coombs at cnbc headquarters. here are today's top business headlines.all street set to open lower this morning, about 167 points lower for the dow after stocks turned negative late in the day. trade back in focus with talks between the u.s. and china resuming thursday and its trump administration issuing a new list of companies on their black list that u.s. firms can't do business with. meantime, tariffs are set to increase on $250 billion worth of chinese goods from 25% to 35% on october 15th, just a week away. today we'll be watching for reports on producer prices, that's inflation at the wholesale level. >>> southwest airlines pilots union is suing boeing, claiming the grounding of the 737 max has cost them more than $100 million in lost pay. southwest is the largest operator of the max with 34 in its fleet, at the time the jets were grounded worldwide in march. the union says it agreed to fly the max based on boeing's sales pitch that it was safe. boeing says it will defend itself against that lawsuit and it continues to work with southwest to retur
i'm bertha coombs at cnbc headquarters. here are today's top business headlines.all street set to open lower this morning, about 167 points lower for the dow after stocks turned negative late in the day. trade back in focus with talks between the u.s. and china resuming thursday and its trump administration issuing a new list of companies on their black list that u.s. firms can't do business with. meantime, tariffs are set to increase on $250 billion worth of chinese goods from 25% to 35% on...
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Oct 14, 2019
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. >> to bertha coombs at the nasdaq hey, bertha. >> watching this morning and we are seeing a littleaction at the usual suspects a little weaker this morning as hopes for china trade deal are a little less ebullient. not terribly so. apple, down fractionally interesting with apple, might want to read on cnbc.com, todd hazelton writing that analysts at tf securities say apple is set to come out with a new cheaper phone, if you call $399 cheap anymore. this is going to be a smaller phone to try to lure some of those folks who are still on the iphone 6, the new apple ios 13 does not support the iphone 6, that's 200 million people or so who have not yet upgraded. this would be the iphone se 2 according to those analysts and it would launch in the first quarter of 2020. so that's something to watch for. chips are mixed with upgrade from nomura over at xilinx that is one of the big gainers on the nasdaq. this morning, holding up the chip sector, but it is fractionally lower, chips are among the strongest performers so far this month, up about 2.5% for the sector the faang names are kind of
. >> to bertha coombs at the nasdaq hey, bertha. >> watching this morning and we are seeing a littleaction at the usual suspects a little weaker this morning as hopes for china trade deal are a little less ebullient. not terribly so. apple, down fractionally interesting with apple, might want to read on cnbc.com, todd hazelton writing that analysts at tf securities say apple is set to come out with a new cheaper phone, if you call $399 cheap anymore. this is going to be a smaller...
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Oct 3, 2019
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bertha coombs has a look >> we're seeing a broad base rebound. software names are leading that sector but it's still down 1% for the week communications in biotech were off 1% while chips have broken even for the week. as far as large cap tech that was what's really moving things higher today facebook not with standing all of the headlines got that new threads that some people say might be a snap copier or killer and the call from the attorney general barr not to encrypt across all of their messages, it's a stand out today and really helping to move things higher meantime you take a look at some of the ipos that have been hit so hard. they are bouncing today. crowd strike is a real stand out. for livongo they are moving higher >> we got a key reading of the services sector that came in at a three year low steve liesman has more >> service index came in weaker than expected prompting more fears of an economic slow down the service sector have surprised to the down side they both now been declining since late last year and both now have mitt multi-
bertha coombs has a look >> we're seeing a broad base rebound. software names are leading that sector but it's still down 1% for the week communications in biotech were off 1% while chips have broken even for the week. as far as large cap tech that was what's really moving things higher today facebook not with standing all of the headlines got that new threads that some people say might be a snap copier or killer and the call from the attorney general barr not to encrypt across all of...
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Oct 24, 2019
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the nasdaq outperforming throughout today's session let's get to bertha coombs for more >> this morning was led by apple but apple has slipped. still the earnings movers today that are still going strong. among the big gainers uniform maker cintas raised its outlook reaching an all time high. some forefor o'reilly you a the to motif paypal narrowed its guidance analysts are encouraged by the top line beat. chip equipment makers lam research and mks instruments leading the semiconductor sector they reported better than expected results and lifted guidance providing a halo effect for applied materials. meantime take a look at invisalign in china they made a big bet on the china teen market. when you look at that chart, a little bit like a ground, literally turned upside down stock up 19% for the year after being hammered for much of the year back to you. >>> okay appreciate the metaphor. >> twitter shares down 21% after the company reported revenue earnings and guidance that fell short of expectations despite adding double the number of new daily active users as analysts had expected twit
the nasdaq outperforming throughout today's session let's get to bertha coombs for more >> this morning was led by apple but apple has slipped. still the earnings movers today that are still going strong. among the big gainers uniform maker cintas raised its outlook reaching an all time high. some forefor o'reilly you a the to motif paypal narrowed its guidance analysts are encouraged by the top line beat. chip equipment makers lam research and mks instruments leading the semiconductor...
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Oct 10, 2019
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bertha coombs are tracking the movers >> reporter: it's not really the trade issue today. it really is about analysts notes. apple hit agnew 52 week high couple of dollars shy of it's all time close back on october 3rd. but analysts upgrading the stock on a stronger outlook for iphone sales. but analysts see a halo effect the chip sector today right now is off of it highs still fractionally lower for the week meantime a tough ipo day for buy on tech the german cancer drug developer slumping after pricing it at $15 a share and slashing its off, in the last couple of weeks heading in to the ipo. it comes as the year's three biggest ipos hit new lows today. >>> thank you very much for that for more on today's markets let's bring in russ, portfolio manager. what's your take when we see these days and tech leads on small headlines on trade do you see that as legitimate momentum in those stocks which, of course, had gains as of late >> there are a couple of things going on tech leadership makes sense. it's a sectors to generate it makes sense people are leaning towards growth th
bertha coombs are tracking the movers >> reporter: it's not really the trade issue today. it really is about analysts notes. apple hit agnew 52 week high couple of dollars shy of it's all time close back on october 3rd. but analysts upgrading the stock on a stronger outlook for iphone sales. but analysts see a halo effect the chip sector today right now is off of it highs still fractionally lower for the week meantime a tough ipo day for buy on tech the german cancer drug developer...
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Oct 15, 2019
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and bertha coombs is watching united health. let's start with wilf on the banks. big day for you. >> indeed, big day for the banks. share prices improve significantly during the session, as the numerous earnings calls reassured investors despite mixed numbers this morning net interest margins declined across the board due to the lower yield curve, but net interest income saw a less stark decline, because loan growth did remain solid fixed income commodities supported the overall trading picture, particularly thanks to a strong september goldman sachs profrecovered inty like the rest of the group, but the stock remains the underperformer their investing suffered from an $80 million write-down in their stake from wework, that's to $70 million from originally $150 million. and their share buybacks were lower than expected. jpmorgan, on the other hand, has led the pack throughout the day. their 8% revenue growth year over year really stands out compared to rivals jamie dimon was more cautious on the corporate outlook due to the trade war but remains very upbeat about
and bertha coombs is watching united health. let's start with wilf on the banks. big day for you. >> indeed, big day for the banks. share prices improve significantly during the session, as the numerous earnings calls reassured investors despite mixed numbers this morning net interest margins declined across the board due to the lower yield curve, but net interest income saw a less stark decline, because loan growth did remain solid fixed income commodities supported the overall trading...
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Oct 1, 2019
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bertha coombs is having a look for us there >> reporter: the nasdaq biotech sector, part of the reason why the sector falling back into bear market, falling 20% from its high just one year ago, with no lows in both large and small-cap names. meantime, in large cap tech, apple today has been extending gains after jpmorgan raised its iphone estimates yesterday, but we're not seeing any follow-through on yesterday's rallies when it comes to chip or other subsectors the nasdaq's best performer today, it's in consumer names, ulta with its biggest gains since last christmas the director disclosing he bought 330,000 shares. bear in mind, both those stocks are in bear market, well deep into bear market, morgan >> bertha, thank you the bond market has also seen some big moves today it's been a volatile day following developments in japan and of course that weak ism manufacturing number here in the u.s. let's send it over to rick santelli our look at today's bond report. rick >> well, thank you you know, whether it was a government pension investment fund in japan or the bank of japan, both aren
bertha coombs is having a look for us there >> reporter: the nasdaq biotech sector, part of the reason why the sector falling back into bear market, falling 20% from its high just one year ago, with no lows in both large and small-cap names. meantime, in large cap tech, apple today has been extending gains after jpmorgan raised its iphone estimates yesterday, but we're not seeing any follow-through on yesterday's rallies when it comes to chip or other subsectors the nasdaq's best...
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Oct 21, 2019
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. >>> more movers over at the nasdaq with bertha coombs. >> apple once again moving higher here todaynext week, raymond james up in its price target to $280, maintaining it at an outperform you have as you mentioned seen a lot of these analysts get a lot more positive. talking mois on ing microsoft on ale now with much more of a lead as microsoft has fallen back with the rest of the software group over the last couple of weeks in terms of its performance. microsoft will report earnings this week. we'll see if it gets any moment of off of that chips last week hitting an all time high. just shy of that now but continued to be a force this morning. they are the biggest gainers among the leaders there, including amd, micron, and nvidia we'll start hearing from more of the chipmakers the chip equipment makers have been on fire lam research, a lot hitting new highs consistently so as they move forward, and the chips continue to move forward, and our fears of the impact of chinese tariffs seem to be waning, we are seeing that sector in the lead once again. back over to you >> bertha, thanks.
. >>> more movers over at the nasdaq with bertha coombs. >> apple once again moving higher here todaynext week, raymond james up in its price target to $280, maintaining it at an outperform you have as you mentioned seen a lot of these analysts get a lot more positive. talking mois on ing microsoft on ale now with much more of a lead as microsoft has fallen back with the rest of the software group over the last couple of weeks in terms of its performance. microsoft will report...
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Oct 9, 2019
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. >>> and upbeat warning for the chip stocks, it bertha coombs at the nasdaq >> chips continue to behen it comes to tech. today the hopes that things might move forward with at least a truce, we are seeing chips bounce chips have been fairly resilient as you mentioned 118 level on the vanex semiconductor etf, one level they keep coming back to they are among the biggest advancers this morning one stock that has been under a little pressure, bounced here at the open, activision blizzard, the other side of the china story. activision blizzard having suspended a chinese player for having expounded on his support for hong kong. they said that it violated the rules. activision at the moment is trying to get chinese officials hoping to get clearance for its call of duty game, new game to be launched in china meantime, fire eye, one of the big gainers this morning after preannouncing stronger than expected revenues for its third quarter during its analyst day fire eye says it doesn't do business in china. among a number of the breaches it sees, they come out of china and russia roku upgrade
. >>> and upbeat warning for the chip stocks, it bertha coombs at the nasdaq >> chips continue to behen it comes to tech. today the hopes that things might move forward with at least a truce, we are seeing chips bounce chips have been fairly resilient as you mentioned 118 level on the vanex semiconductor etf, one level they keep coming back to they are among the biggest advancers this morning one stock that has been under a little pressure, bounced here at the open, activision...
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Oct 31, 2019
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what's not down for the month is the nasdaq we go bertha coombs. >> reporter: the nasdaq 100 is the big up 4%. big reason why is apple's big snap back up to record highs apple providing about 1/3 of the point impact that's about as much as microsoft, intel, facebook and nvidia combined. we wau western digital the worst performer. bob, over to you >>> off the loss but a disappointing last day of the month. still pretty good month. s&p up 2%. remember this is the month where a lot of blow ups have happened in the past. that did not happen. good month for banks good month for technology stocks overall we'll see if we can get in november -- big question for november can we get rotation in the to those cyclical names. we started to see it with the banks and semiconductors, but it's a very incomplete story and, again, trade will be the big mover on the market. there's the "closing bell" dow down >>> good afternoon, welcome to the "closing bell" i'm wilfred frost. >> i'm courtney reagan >> let's check how we finished a rally, final ten minutes or so you see the leg up the s&p 500 only down 0.3
what's not down for the month is the nasdaq we go bertha coombs. >> reporter: the nasdaq 100 is the big up 4%. big reason why is apple's big snap back up to record highs apple providing about 1/3 of the point impact that's about as much as microsoft, intel, facebook and nvidia combined. we wau western digital the worst performer. bob, over to you >>> off the loss but a disappointing last day of the month. still pretty good month. s&p up 2%. remember this is the month where a...
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Oct 23, 2019
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. >> 90 seconds left to go bertha coombs at the nasdaq. >> the stock is up, alexion, helping bio tech out of correction apple setting yet another new record high. it's interesting when you look at it on a 12-month basis, apple versus facebook and the fangs, fangs peaked in july apple is surging now and beyond meat, which will be reporting earnings next week is the other big volume mover, down on twice the daily volume now, below 99 over to seema. bob. sorry. >> hi, bertha. near the closing highs for the day. we've had interesting earnings reports today and some of them were better than feared overall, not just caterpillar hilton, for example, had a decent number even though their revenue per available room guidance was a bit low expectation. good enough there. the bond trading business is doing very well. market access reported better than expected earnings in revenues nice little pop today. not all good news. lower merger, well-known investment banking adviser there is the closing bell. dow industrial average higher today. s&p 5 h00 at the highs of the dy >> welcome to "the closing b
. >> 90 seconds left to go bertha coombs at the nasdaq. >> the stock is up, alexion, helping bio tech out of correction apple setting yet another new record high. it's interesting when you look at it on a 12-month basis, apple versus facebook and the fangs, fangs peaked in july apple is surging now and beyond meat, which will be reporting earnings next week is the other big volume mover, down on twice the daily volume now, below 99 over to seema. bob. sorry. >> hi, bertha....
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Oct 7, 2019
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. >> exactly >> let's get over to bertha coombs at the nasdaq for the biggest movers there hi, berthar investors, that enthusiasm we saw this morning over the hopes for the china trade talks really fading and the consumer nameses have been the ones that have been taking it on the chin today. not on huge volume, but we do recall about a week from now, we will start to see those new tariff increases kick in meantime, software is about the only thing that's sort of a little bit stronger in terms of tech today workday has had a fairly strong week starting this month, but software services have lagged, things like chip and biotech fractionally higher. over to bob at the nyc >> two modest rallies on some very vague trade headlines, but it didn't last very long the conviction rate on the trade this week is very, very low. we've had low volume and frankly not great trading. you can see the rally there in the middle of the day here look at the china etf. that's what i watch for conviction here. same situation, modest rally, selling off, low volume, low conviction retail searching for direction
. >> exactly >> let's get over to bertha coombs at the nasdaq for the biggest movers there hi, berthar investors, that enthusiasm we saw this morning over the hopes for the china trade talks really fading and the consumer nameses have been the ones that have been taking it on the chin today. not on huge volume, but we do recall about a week from now, we will start to see those new tariff increases kick in meantime, software is about the only thing that's sort of a little bit...
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Oct 30, 2019
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. >>> welcome back the earnings keep rolling in bertha coombs has a look at etsy for us. >> the marketplaceple put their wares to sell. 197.9 compared to estimate of 193.5. gross merchandise sales were much better than expected at 1.2 billion. the estimate had been for about 1.13 billion that's up 30% year over year during the quarter, the economy introduced free shipping, an initiative to really boost and get merchants to provide free shipping they boosted those items in the search algorithms, helping to boost international sales in particular, 31%. the company also acquired reverb, site for vintage musical gear they are upping their outlook and the stock was a bit higher, is now lower again as we go toward the conference call western digital lower here, revenues also above expectations at 4.4 billion versus 3.9 billion driven by demand for capacity enterprise drives for data centers q2 outlook is a bit light at 45 to 65 cents for the range, estimate is for 75 cents on the street ceo steve milligan announcing he plans to retire. he has been ceo since january 2013 he says he will stay on as
. >>> welcome back the earnings keep rolling in bertha coombs has a look at etsy for us. >> the marketplaceple put their wares to sell. 197.9 compared to estimate of 193.5. gross merchandise sales were much better than expected at 1.2 billion. the estimate had been for about 1.13 billion that's up 30% year over year during the quarter, the economy introduced free shipping, an initiative to really boost and get merchants to provide free shipping they boosted those items in the...
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Oct 21, 2019
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back in august and in general, underlying breadth in the stock market quite high >> let's get to bertha coombsnasdaq >> hey, wilf apple today is definitely the strength we're seeing here in the nasdaq for the third straight day setting a new all-time record high in fact, apple so far this month, the move that it has seen up has provided a greater point impact to the nasdaq 100 than the four f.a.a.n.g. stocks combined, even when you trade out nvidia, that is up about 12% so far this month. meantime, vertex pharmaceuticals, we're watching that one the company's latest cystic fibrosis drug was approved by the fda. it's already risen about 4% into that peloton losing ground after gaining 4% with a lot of analysts saying great things about the stock. but investors just aren't buying it >> yeah, certainly one of the underperformers. thank you, bertha. with today's gains, the s&p 500 is poised to close higher and break above 3,000, close above 3,000 for the first time in one month. the market responding nicely to those comments made by chinese vice premier jpmorgan now up over 5% in the past one week
back in august and in general, underlying breadth in the stock market quite high >> let's get to bertha coombsnasdaq >> hey, wilf apple today is definitely the strength we're seeing here in the nasdaq for the third straight day setting a new all-time record high in fact, apple so far this month, the move that it has seen up has provided a greater point impact to the nasdaq 100 than the four f.a.a.n.g. stocks combined, even when you trade out nvidia, that is up about 12% so far this...
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Oct 3, 2019
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bertha coombs joins us with the answer >> they're on pace for the worst year in the great recession.ient with one chronic condition. you get one calming down, another one flares up. after ten straight years of gains, health insurers are the worst performers year to date. white house and congressional proposals to overhaul pharmacy benefit fees have weighed on players with big pharmacy benefit units now like cigna, united health and cvs all year but movement on regulation in congress and from the white house has not been as decisive, it hasn't moved as quickly as people feared. but now that democratic hopeful elizabeth warren is surging in the polls, that's renewed fears about medicare for all she's advocated getting rid of private insurers and pbms altogether biotech firm and pharma squarely in regulatory crosshairs, they have lost nearly all of the year's gains but they actually have performed a little bit better than the overall market this week with the impeachment stand-off ramping up there is some conventional wisdom that will likely put drug price bimz on the back burner becaus
bertha coombs joins us with the answer >> they're on pace for the worst year in the great recession.ient with one chronic condition. you get one calming down, another one flares up. after ten straight years of gains, health insurers are the worst performers year to date. white house and congressional proposals to overhaul pharmacy benefit fees have weighed on players with big pharmacy benefit units now like cigna, united health and cvs all year but movement on regulation in congress and...