i think the tide as crested on single payer, which makes centene a great buy.y" is back after the break. so ...how are you feeling? on a scale of one to five? one to five? it's more like five million. there's everything from happy to extremely happy. there's also angry. i'm really angry clive! actually, really angry. thank you. but what if your business could understand what your customers are feeling... and then do something about it. turn problems into opportunities. thanks drone. customers into fanatics change the whole experience. alright who wants to go again? i do! i do! i have a really good feeling about this. >>> it is time it's time for the "lightning round" >> saying something about -- >> buy, buy, buy. >> sell, sell, sell. >> buy, buy, buy [ buzzer ] and then the "lightning round" is over. are you ready, skee-daddy? time for the "lightning round. sam in massachusetts, sam? >> caller: mr. cramer, i opened a 50% position in con ed a couple of months ago, and it's been on a bit of a downturn lately, and i'm 20%. and i'm seeing the coo sold off a bunch o

a guy we have on, a real charitable fellow is the ceo of centene.e is the most tiff executive i know in health care. also because, of course, his stock is incredibly cheap. today he reported a fine quarter. rallied. not initially. some people are more stupid. my mother would say don't say everyone is stupid that's not fair. 34 years of wisdom there i think it's got a lot more room to run centene domestic now, as i've told you before even if elizabeth warren or bernie sanders end up in the house they don't have the votes to pass single payer take medicare for all off the table and centene has a fabulous runway fabulous finally there's uber cramer fave bristol-myers. for ages we heard their drug keytruda was beating the stuffing out of onbdivo and take with another can improve lives this is looking brighter for them one more reason to like bristol-myers. it sells 12 times next yore's earnings are you kidding me i've been like a broken record urging you to trust ceo giovanni kaforia and buy the stock with these new results and brilliant management deal

. >> two helicopters were called in as well as some fire engines and vallejo and napa county centene fire crews and the evacuation was called for several hours and then lifted a couple of hours later's and we expect cal fire to tell us how much progress firefighters have made. >>> the lights are on for 10,000 pg&e customers after the power was turned off over the weekend. the warm and windy weather made pg&e cut off fire in butte, you miss and other counties. there was a reduced threat of wildfire sparked by power lines and knocked down by strong wind. many customers dealing with these outages were victim of the camp fire last year sparked by down pg&e lines. for some living in rural areas, the outages are frustrating. >> i understand the wind and the fire conditions and the fire fuel and pg&e's neglect of their infrastructure and taking care of their infrastructure and maintaining that but frankly, this just sucks. >> before the power can be turned on, 1000 miles of power lines were inspected to make sure there was no damage. napa was the only bay area county that might have a power

centene. the space down double digits in the cross hairs of late as the 2020 presidential election draws closer but our chart master carter worth has a positive prognosis at the space and he is at the plasma he is not yet at the plasma. >> not yet. >> are you going there. >> i'm waiting for permission. >> you have my permission. banished from the desk. >> thank you this has obviously been a dud. what's interesting is it was a year of risk off in highly defensive areas of the market, specifically utilities, reits, staples winning. health care is the other area that's defensive but offensive in which i think at this point it's a hedge you win, tails you win. let's talk about it. so since data is available back in 1989, this is a chart showing health care's weight as a percentage of s&p it's been higher, 16.5 and obviously it's been lower right now at 13.5% the average is about 12% and my thinking here is that not necessarily depend on this but that there is surprise potential in health care let'

to the up side, health care names among those moving higher, mckesson, amer source better again, centene, seen some of them on a tear following news they're in talks for possible $50 billion or thereabouts settlement related to opioid lawsuits health care versus technology and what's happening with other names, it is an interesting proving point as markets are near record high levels whether there's more momentum. in the past week or so, more trade headlines, not just between the u.s. and china, and brexit this morning, moves more sensitive sectors in the economy. semiconductors, home builder stocks health care you want to keep an eye on, carl back to you at the new york stock exchange >>> to everybody, good morning it is 8:00 a.m. at netflix headquarters in california, 11:00 a.m. on wall street. "squawk alley" is live. ♪ ♪ >> i am carl quintanilla with morgan brennan and jon fortt at the post nine. we start with netflix, another miss on subs well off session highs mark mahaney joins us to talk about that with julia boorstin let's go to you first, julia, set up what we heard last night.

i'm saying they're not centene and not united health. they're not healthcare companies.ying that, look, i don't want to conflate it. i say industrial, to this market, that's free port and -- >> we don't have a lot of industrials to trade we used to a lost peopft a lot of people feel they have been wiped out we're not going to value anything as highly as we did before because there is a genuine thought we'll wait a second, a transaction tax. sanders you read what sanders is talking about, he wants to -- the word that they use is confiscate he wants to confiscate >> i remember reading it last time too, he was on -- >> he raised a huge amount of money. >> transaction tax, every trade that took place. >> okay. >> you see, if you have impeachment, it is -- it continue during this period, maybe it increases the likelihood -- i'm just giving you the mind on the markets. >> i don't -- that's not -- >> oh, i'm selling because i'm afraid bernie sanders is coming for my money. >> elizabeth warren. >> oh, elizabeth, or elizabeth warren she's only 2%. it is only -- >> you know what i