regulators are suing to block anthem's proposed purchase of cigna and etna's merger with humana.egulators say the merger would harm competition. today it became official. bertha coombs has the details >> reporter: justice department says when the nation's five largest heers compete, consumers benefit, but etna's $37 billion deal to acquire humana and anthem's $54 billion deal for cigna would reshape the health care landscape for the worst. >> they would leave much of the multi-trillion dollar health insurance industry in the hands of just three mammoth insurance companies, drastically constricting competition. >> reporter: doj's antitrust chief praised the insurers even as he argued the deals must be blocked, saying etna and humana's competition of helped rein in costs as have anthem and cigna in the large employer market. >> there is quality competition going on, innovation going on. you reduce the number of players in any market from medicare advantage, for national employers looking r cover for their employees. you run the risk that that innovation will be stopped. you run the

if at all, cigna says. go on to say they're evaluating their options consistent with their obligations under the agreement. the agreement does call for them to fight in with anthem should anthem choose to do so. we'll see what anthem says. but the expectation that i've been left with from all these companies is they will go to court and fight the doj. simon? >> okay. general motors up 3% reporting earnings this morning. profit more than doubling. phil lebeau is digging through those and joins us live from chicago. phil? >> simon, the question whether or not we see gm shares getting close to or perhaps once again getting back above that ipo price of $33 a share. a blowout quarter any way you look at the quarter for general motors beat the street by 34 cents. revenue coming in much stronger than expected at $42.4 billion. why was revenue so strong and why did they beat earnings? relative to what analysts were expecting. look at north america, the strongest market for general motors turned in great sales in th

and anthem's purchase of cigna. we should hear something in the not too distant future about there is an expectation that we will at least know what the investiture package, what the is posture for doj in terms of anthem and cigna and you saw -- the price just get crushed yesterday. these aren't reports, aren't always definitive and these things can be -- it is the particulars that are of great importance. will be interesting to see if there is opposition and in particular to the anthem-cigna deal. they will go to court but will they go to court as a unified entity because there has been in-fighting between anthem and cigna in terms of the executives there. it's been reported that the ceo of cigna would want to get rid of the whole thing. >> the analysts have been out with a lot of these things that say deal or no deal trying to make it look attractive. the industry isn't broken if these doing happen but just a tremendous over hahanoverhang. >> human na showed you one of te more likely of the two though being seen i

>> essene companies come out and say, humana and cigna, said this is looking at 2017. is questioning whether the deal can get done at all. ♪ ♪ >> you are watching "bloomberg best". earnings season is in full swing. companies rolling out quarterly results. tech firms catching the lion's share of investor attention. >> netflix plunging 15% on disappointing earnings. so cyber growth dropped. the ceo says it is due to price increases, not market saturation. is that the reason? >> we know that they lowered the cost of marketing, at the same time they raised prices last quarter. we can see the u.s. subscriber growth fell to 0.3% sequentially. my model goes to 2012. that is the lowest ever reported. they are spending so much, being forced to raise prices because content costs are getting out of control. their $12 billion in off content cost, that is raising prices, and that is causing new subscriber growth to slow. >> ibm beating estimates despite its 17th straight quarter of revenue decline. the big bet on watson may finally be paying off. revenue, including the artificial i

anthem-cigna is the market sold to employers as well as other regional markets.et: this could tie things up in the court for months or years? >> humana and cigna both came out and said this deal is not going to get done this year, we are looking at 2017. cigna is questioning whether the deals can get done at all. ♪ >> you are watching "bloomberg best." earnings season is in full swing. companies rolling out quarterly results. tech firms catching the lion's share of investor attention. emily: netflix plunging 15% on disappointing earnings. subscriber growth dropped, adding just 1.7 million subscribers, most of them abroad. ceo reed hastings says it is due to price increases, not market saturation. is that the reason? cory: we know that they lowered the cost of marketing, at the same time as they raised prices last quarter. we can see the u.s. subscriber growth fell to 0.3% sequentially. my model goes to 2012. i think that is the lowest ever reported. they are spending so much, being forced to raise prices because content costs are getting out of control. they've g

antitrust lawsuits against cigna and humana.he deals would consolidate the nation's five biggest insurers into just three. cigna says the earliest it still could be completed his next year -- is next year, if at all. zach tracer joins us. zach: they said both deals would harm innovation, harm competition. the humanity all, they cited the effects on the medicare advantage market in particular. insurance sold two big employers and regional markets. there are some nuances as well. shery: they will go to court if necessary. what will they argue? zach: aetna will say that their deal is good for consumers and they have presented remedies. they will assess a bunch of medicare advantage business and this is enough to make up for any harm's this deal might cause. scarlet: this could tie things up in the courts for months, years? zach: humana and cigna book about out and say this deal will not get done this year. cigna casting doubts on the deal . shery: are we going to see renewed pursuits for smaller players? zach: we've seen some pickl

stille cigna moving lower . it has not rebounded like the others, down 1.6%.have seen an effect on the shares from these headlines coming out. the final decision coming this week and will be made by the end of the month. all of that according to people familiar with the situation, down 1.7%. that is the latest on the headlines coming out and the effect we are seeing on the stocks. to follow another one of the big stories we are watching this morning. goldman sachs earnings and shares have turned it around. on the one hand, there was a big increase in second-quarter .rofit, above estimates like competitors, increased and fixed income trading. the margin by which it estimates in that unit are lower. equities on the flipside fell by 11%. we saw a decline in investment revenue. goldman sachs did not raise its dividend as some analysts had estimated. some good and bad in the report. expenses also came in higher than estimated. interestingly enough, shares up by about 7%. we have not seen a huge gain under the 10 year point. he has talked about more reductions poten

the $40 billion cigna-anthem deal and the 37 billion at that takeover of humana could be in danger. antitrust official poised to file lawsuits to block the move. looking for the best travel deals this summer, i sit down to look at what global shock means for travel companies. first, halfway through the u.s. trading day so let's check in at the market desk. julie hyman has been tracking the moves. equities, a little push back. >> morgan stanley saying we will see maybe 1% in the first quarter of next year for the 10 year yield. some selling in stocks today. the money flowing to some extent into treasuries. the dow had been holding up relatively well. still down the least. back into the red. pulling back from the record close yesterday for the dow and s&p 500. the magnitude of the drop is not big, only one third of 1% for the s&p 500 but the brett of the decline pretty broad. all of the s&p 500 lower today led by energy and materials as we see a commodity led selloff. a lot of individual movers, netflix out with its earnings, the subscriber growth, or lack thereof drawing attention. a

the connecticut attorney general is raising concerns about the proposed anthem/cigna take over. george jepson says if the acquisition wins federal approval it could hurt competition in the industry and lead to higher prices for consumers. cigna is based in connecticut, and according to "the hartford current" jepson's office is about two weeks away from wrapping up a review of the tie-up. >>> on capitol hill the director of the fbi was at the center of a heated hearing today. james comey staunchly defended his decision to not recommend criminal charges against hillary clinton for her use of a private e-mail server while she was secretary of state, but that did not satisfy some lawmakers. hampton pearson watched it all. >> nothing but the truth. >> reporter: it was a marathon on capitol hill for fbi director james comey. defending the decision not to bring criminal charges against hillary clinton for her use of a private e-mail server while secretary of state. again and again comey told lawmakers clinton's conduct was careless but not negligent, and there's only been one case in t

lawsuits.follow agreed to by humana for , a $46illion and cigna billion takeover and shares have alsoeen moving lower in the .ake of these headlines it does not always happen, but at not also seeing a slide in today's sessions. that is part of the pressure we are seeing overall on the stock. there are two stocks that are definitely contributing here. ibm has given up some of its gains. bouncing around all morning after earnings beat estimates. johnson and johnson, the gain has been solid today. the numbers beat estimates and raised a forecast for full-year , after division sales in particular came in stronger than estimated. in the dow is goldman sachs. that stock has been bouncing around quite a bit. it is back in the red after recently going into the green, though fixed income trading beat estimates, there were negatives in the company's report. equities trading fell an investment bank trading fell and the company did not raise its dividend. i want to check on the cross-border potential deal we have been watching. monsanto coming back is morning and saying the buyers offer is still

we're talking u.p.s., cigna and expedia. there they are.ll in the red, could now be the time to jump in? that's the question. ahead on the blitz. you've wished upon it all year, and now it's finally here. the mercedes-benz summer event is back, with incredible offers on the mercedes-benz you've always longed for. but hurry, these shooting stars fly by fast. lease the gle350 for $579 a month at your local mercedes-benz dealer. mercedes-benz. the best or nothing. your business needs better technology to drive better performance. so you need it to be reliable and fast. really fast. introducing the comcast business summer savings event. fast internet speed to drive performance, plus cutting edge wifi for your employees and customers, and voice mobility so your calls find you wherever you are. get some of our most advanced products at a great price with over $500 in savings. call today and ask how to get these savings plus a $250 prepaid card. comcast business. built for business. >>> let's do the blitz now. three trades on three stocks making n

back to health care we have a suit from the department of justice trying to block the acquisition of cigna by anthem. we are expected to hear from the attorney general around 11:00 a.m. with more details of this. there's not much reaction and if you look at the other big deals where there may be a suit that -- it might bed that this was priced in since there have been talks about this pending suit. >> about 90 minutes away from the close of trading here in europe. speaking of things that are did notn, mario draghi go against expectations today. let's take a look at cross assets and see what is moving. the euro down here, you can see pretty much unchanged. we could -- we saw in rise during mario draghi's press conference. the ftse down 3/10 of a percent. cap 40 in france down almost 3/10 of a percent. no surprises out of the meeting today. i wanted to show you the 10 year bond yield. german bund yields reach a four-week high a little earlier. as the ecb maintained its policy. the big story is that this bund yield dropped into negative territory for the first time ever last month. at the mom

elsewhere in terms of some of the movers where watching, we had cigna and and thumb. -- anthem.igna is saying it is best positioned among the various health insurers should these deals we're talking about fall apart. anthem is trading a bit higher this month. about 90 minutes away from the european market let's look at equities. the focus in europe today has been on flash bmis. what we got in the eurozone was manufacturing services slipping. still in expansionary territory. in the u k, that, as it not only went into contraction territory, it also hit a seven-year low. as we look at the stoxx 600, we are much desperate much unchanged. we are off by about .2%. we did see some weakness earlier. we'll get a reaction in sterling. it is sliding, down 1% at the moment. the quick dash key question is will the signs of weakness persists, or was it an initial post frexit shock? -- posted brexit shock? more stimulus, markets are pricing in an 88% probability that the boe will cut rates on august 4. the ftse 100, it will moderately recoup losses. is up about 5%. market reports had one brigh

more critical is we have to go back to the very beginning together with cigna's management.d the combo brings credible value to the marketplace. number two, we took that proposal to the boards. both boards approved the combination and finally, we took it to shareholders and got unanimous approval by the shareholders. we feel if you go back to the very beginning and the core of why we're doing this, we're on the right path and we've got facts now that demonstrate that this transaction should be approved. >> all right. but if you've got one of your merger partners that seems to -- and this is my want to get out of the deal. it would seem to me to make it more difficult to pursue the effective defense you need to. >> and let me pause that statement just for a moment. >> sure. >> there's nothing that has led us to believe they want to leave this deal. >> okay. >> so i can't reflect on a speculation of that nature. i do know i go back to the beginning, nothing has changed, the value is still there for the consumer as it was then, it is today, and those are the facts that we will

with anthem cigna we think that's much more complicated.onfidence level in it being approved is still 60%, but we would say over the last few weeks confidence decreased to less than 50%. if both deals fall through we believe a round two. who would buy who, someone like aetna, humana or cigna looking to move more into medicaid, someone like sentine, well care but we think there could be a breather of a year or two. we also think well care part of the bull thesis has been propped up from people believing they're going to buy some of the divestitures of aetna, we think we could see pressure on wellcare as well that day. >> if those deals don't go through, very quickly, sarah, what will be the hit to the target companies? >> sure. we believe that consensus is that humana could drop to as low as 140 to 150 well above where it's trading today. we think it's going to recover, we think there could be a second half guidance boost. on cigna we think the downside is much more limited about 5% to 10%. on both of the acquires we think the initial reacti

antitrust officials are reportedly close to filing lawsuits to block the planned mergers of anthem and cigna and aetna and human that. as first reported by bloomberg, the justice department is concerned that the deals would harm consumers and stifle competition. if both deals were to go through, the top five health insurers would be reduced the proposed aetna and humana is examining the d future of driving. the autonomous vehicle summit is bringing together leaders from the automotive industry to bill lebeau is in san fran >> reporter: with 14 companies including several automakers there'sng and t no doubt that the day of the self-driving car is approaching. in fact, the secretary of the vehicles and to develop the guidelines that will allow them to be integrated into traffic safely. but that brings up the question -- is the public ready the technology is there. people need to learn how to use it correctly. >> i think it's a new form of distraction. peoptet in many cases they're goin. so we have to as industry, also as government, and as consumers, we have to listen and read the directions,

specifically, aetna's acquisition of u man in a and anthem -- humana and anthem as acquisition of cigna. >> if allowed to proceed these mergers would reshape the health insurance industry. they would leave the industry in the hands of just three huge insurance companies. >> she added if the big five insurance companies were to become the big three, not only the bank accounts of the american people would suffer, but also the american people themselves. >>> walmart is pushing its suppliers to remove several dangerous chemicals from their products there. the retailer listed 8 chemicals it wants restricted or removed. many on that list are known carcinogens. walmart supplier procter & gamble said its items already meet regulatory and scientific limits for those chemicals. walmart's move is in response to consumer's demands as buyers become more aware of what's in the products that they buy. >>> live look at the big board right now after 7 straight days of record closes, the dow is retreating. it's down 121 points. >>> las vegas isn't exactly known for being green but it turns out many hotel

cigna posted profits for the quarter bel expectations. the company cited weakness in its group disability and life decision. shares fell though 5% to 128.96. >> weaker sales dragged down profit and r at bloomenbrand. its revenue did come in light. the company issued guidance for the year that was below forecast. shared 17.98. board of directors said it will recommend sh apruf the sweeten takeover over from anhe. the bid was for m shares up 2%. shares of series therapeutics said it's drug intended to treat an intestinal diso. it will work with the food and drug administration to make modifications to the treatment. shares down 59% to 10.94 and several private equity firms may be exploring a buyout of company hewlett-packard enterprise. this according to the website, the information. a potential deal could be worth more than 40 billion. hewlett-packard declined to comment, but shares rose 20%. >>> and now, to our market monitor who likes stocks that he says should benefit from riser consumer spending. when he was on in october of 2015, we r

>> reporter: for the obama administration filed lawsuit challenging two mega mergers, one between cigna, the other between aetna. the obama administration said it would cut competition and drive up healthcare costs. brooke, jim? >> jill, brooke and i both love our breakfast food. and we hear that dunkin donut want to improve it breakfast sandwiches. we have one right in our building. so what can we expect? >> all right, so dunkin wants to create a better tasting egg. right now, dunkin uses eggs that have a lot of other ingredient like corn starch, artificial butter, instead, dunkin test ago pat that i has hire concentration of eggs with less of the other ingredient. so, how exciting, eggs with more eggs. >> an egg that's actually an egg, what an invent i have idea. >> yes, thanks a lot, jill. >> well, coming up after the break, we'll get another check with weather and traffic. >> plus, a lot of barking help save a pennsylvania man. >> the dog ran up to the bank, stopped 20, 30 feet, looked back, and backed. >> we'll introduce you to this dog who rescuers credit with saving its owner lif

the thought was that anthem and cigna in deep trouble in terms of at least being approved. and also, etna humana. both deals announced over a year ago seeing the consolidation play out in the hmo industry. said simply, five going to three was too much for the government to take in terms of the view that they took saying that it would eliminate competition and, therefore, consumers would suffer as a result. and so, they moved to block both of the deals this morning at 11:00 a.m. of course, a press conference with attorney general loretta lynch and the anti-trust overseer sort to speak both having comments on that. where do we go from here is the question. people may notice the stocks are up. humana took the opportunity to raise guidance and one reason why that stock is up. another may be, well, it's not clear that going to court is going to be the worst thing. both companies say they're willing to do that. interesting to note, humana and etna seem more unified in that approach and cigna said we may not close at all. remember, there's been some difficulty in the relationship

antitrust officials are poised to file suit to block the acquisition of cigna by anthem and humana by aetna. this concerns about what it will mean for consumers. they will make a decision about whether to actually filed this suit or know by the end of the month. all these stocks down on concerns b those deals might not go through. calling the offer financially inadequate. shares have been bouncing around quite a bit today. . those to continue their back-and-forth. -- those two continue their back-and-forth. shery: mark crumpton has more from the newsroom. mark: two people have been injured following the collapse of a construction crane off the new tappan zee bridge north of new york city. shutting down all lanes until further notice. the new bridge has been under construction for three years and is suspected to be completed by 2018. donald trump has someone in my for treasury secretary if he is elected president. fortune reports the likely republican nominee is telling donors he plans to nominate -- the former goldman sachs ceo. a new name suddenly in the mixes of possible running mat

officials are speaking about the decision to file an antitrust lawsuit to block the merger of anthem and cignand aetna and humana. would reduce the landscape to just the 3 insurers if that were to happen. this is bloomberg. ♪ >> live from london and new york, i'm vonnie quinn. nejra: i'm nejra cehic. vonnie: courtney collins has more from our newsroom. courtney: donald trump will expect the republican nomination for president. ted cruz refuse to endorse him in his convention speech, setting off a round of boos. >> i adjust the convention because donald trump asked me to. and went donald -- when donald did, he didn't ask me to endorse. three days ago i talked on the phone with him and set i'm not going to endorse you. he'sney: trump says if elected president, he would review whether the nato country had fulfilled its obligations to the united states. investigations are assessing the search for the malaysian jetliner that has been missing for more than 2 years. of the designated search area in the indian ocean has been covered. global news 24 hours a day, powered by more than 2600 journalists an

and also, humana has been unfairly tarred with the issues that cigna has.at compare? ira: it's a much different transaction. in terms of keeping it as quick as i can with a limited time, going back to my comment before about the difference between behavioral remedies and structural remedies, i think cigna anthem would require behavioral remedies that are unmanageable. network,national blue they also have this two thirds the bluesing part of association, which limits the amount of competition they can have. with regard to humana, humana is primarily a medicare advantage transaction. those are discrete markets, defined on a local level. that's where they come up with a medicare benchmark. it's a very good business with willing buyers. of course, there is real risk to this. our implied probability elevation through a process believes that it's a much higher probability that the market is reflecting. scarlet: i want to bring up the average premium. have a function of bloomberg alleges a look at it. if you come inside my bloomberg, you can really see how it has

cigna's and block anthem's plans to purchase humana.id: first hawaiian planned ipo somewhere in the acidity of $3 billion to $4 billion according to people familiar with the matter. the largest bank in hawaii as owned by bnp paribas. a $100spectus has million placeholder. they expect to sell shares in the next week. vonnie: a majority stake in chemical industries. -- that ise company according to be able with knowledge of the bank has failed to bring in more than a billion dollars. a owns about 70% of waco. yahoo! and verizon, both shares are up. verizon is said to be the lead bidder to purchase yahoo! for $5 billion. we have insight on what is in it for both parties. >> the only thing we do not know at this point is the real estate, but verizon is not going to buy the ip. there is no deal formally done during that will happen over the course of the day, maybe the weekend, but we hear the price tag is closer to $5 billion, $4 billion, it is in the upper $4 billion range most likely. the ip will be acquired by some other party, and the r

30,000 foot cigna -- synopsis, janet yellen looks at the labor market, looks at unemployment, and fromhose statistics, inferred deflation is on the way. host of people. that when we have a lot of structural elements in terms of mobilization and demographics and high debt it is a falsek idol they are focused on. i would not be as concerned whatever the numbers on at a. >> they were concerned about inflation expectations being low. a lot of it may be liquidity or preferences made by overseas investors on higher yield debt. >> to some extent. not just the u.s. market, that the u.k. market, a highly inflationmarket, expectations are very low. i would suggest too low because expectation30 years , that is a low inflation rate. i would suspect because of our liabilities going toward because of medicare and medicaid, 1.6 will be a low standard and not hard to breach a some point. >> they did not talk much about -- howbut it is starting concerned are you about what financial markets might mean for the economy in the world world wide. is ado not think this subprime situation. u.k. property funds

at net and humana and cigna. down from five major players to three, and that would not be good for competition, and the government's view. what's going to happen here is interesting. aetna and humana look like they're going to push ahead. they put together a couple proposals already for remedies, it wasn't enough to satisfy justice brennan. they're going to look at additional possibilities. david: they came out with a joint statement. they said we are still in it. winnie: they really want to get this deal done, they were offered more things. they can also go to court and fight it. services,ich provides and a lot of obamacare markets yesterday, that could put pressure on the administration. another wildcard is that and --e and cigna -- and some anthem and cigna are struggling. it might be a little easier. david: does it weaken the justice department case? winnie: that's right. it might be easier. i don't think there is an easy path to getting this done. david: speak to something about the health care and insurance

we should point out cigna and anthem's merger with cigna and aetna's deal to combine. my prediction. a lot of them, they want to combine, they were promised the world, were they not, in terms of the business they were going to get from obamacare. well, if they're offering insurance through the individual market, through these exchanges, the people that they have gotten as customers are very sick and they're very costly, and that has been-- they've got pre-existing conditions and that's put a hurt on their businesses and one of the reasons that they're looking to combine. i want to point out, the obama administration went after the allergan-pfizer deal, charles. they were doing it because our tax rates in this country are so high and they specifically changed the tax rules to shut that merger down because the obama administration didn't like the way that it looked. so they were doing it to avoid the high taxes here, well, then lower the taxes. again, i think that businesses have a target on their back, whether it's in the insurance business or any business. charles: you

cigna cutting the second quarter earnings, well short of estimates.hey're saying losses and a weakness in particular in the disability business. disability business through employers has been weak. we have strength in tech names, in particular out for that and amazon. both beat estimates. amazon showing profit and profitability in the web services segment. our hope that showing strength in other businesses, the nonsearch businesses. merc coming out was strength on the diabetes drug. they are paring some of their earlier advances. let's talk about oil. here is oil for july, down 16%, the worst month since last july. it is close to reentering a bear market, down 20%. down for the seventh-straight session. we haven't seen that since january when we saw oil having the big slide to start the year. mark: we are up for the fourth day in five and a third consecutive week, the longest months.streak in two the gain the biggest since october. look at who is leading. thanks hit hardest as a sector down 25%. let's start with ups. beating estimates, setting it is o

the department of justice could like implants proposed purchase of cigna and acquire humana as soon ashe deals would reduce competition and harm consumers. the company could adjust any antitrust issues by selling assets to competitors or meant that the justice department has been skeptical that the move would reject the level of competition. lauren: mantegna said the approved bid continues to undervalue the biotech company. the latest bid $125 a share was $3 more than virus original author. the proposed deal is not that good months and so must the deal to further tax and buyer said he would to pursue a takeover. trained to do us of that dollar shaved club? the dollar shaved club started four years ago with a funny youtube video. now it is being sold for about $1 billion. european consumer products acquired in the started. terms were not disclosed, but the people familiar say unilever is paid $1 billion in cash. the dollar shaved club is not profitable but has added 3.2 million members for its mail-order service that ships out disposable razors and other good products for a flat plate f

issues are looking to file lawsuits to block anthem's takeover of rival health insurance -- insurer cignafinal decision could come this weekend will be made by the end of this month. vonnie: european stocks fell from a three-week high lead by minors after rio tinto posted week iran or figures. -- iron ore figures. the worstle, is among performers in em currencies. bonds across europe also declined. shery: a brazilian judge has blocked nationwide access to whatsapp national third blackout for service in the nation. the move comes after the application failed to hand over information requested in a criminal investigation. aatsapp is also facing $15,300 a day fine until it complies with a judicial order. and that is your business -- your business flash update. vonnie: with home prices hitting record highs in some u.s. cities, it raises the question, are we in a rising bubble. patrick clark has been looking into that. are we headed down the same road as 10 years ago? patrick: certainly, it is not the same road as you look at the conditions present in the lead up to the last house -- loose cre

. >> reporter: with the anthem-cigna merger and four companies overall you also talked about affordablet exchanges and want them to continue on there. there's a chance they may not no longer feeling the pressure of a regulatory review? >> they will make their own decisions as independent companies whether to participate in the exchanges or not. we're saying reducing the exchanges of many markets across the company will hurt the consumers many under insured and insured that benefit from competition. >> thank you. back to you. >> berstha coombs with the doj top official. >>> intel falling after a drop in its state of business, currently the biggest loser on the dow and southwest >>> we're back in a moment. your business needs better technology to drive better performance. so you need it to be reliable and fast. really fast. introducing the comcast business summer savings event. fast internet speed to drive performance, plus cutting edge wifi for your employees and customers, and voice mobility so your calls find you wherever you are. get some of our most advanced products at a great price

anthem with cigna,etna with humana , the mergers would cut competition and drive up health costs.a and humana will defend their companies pending mergers. >>> customers who are lucky enough to sign up for unlimited data are being cut off. the carrier tells droid life it is targeting users that exceed 100 gb for more every month. verizon says the plan is to purge the customers with unlimited data. >>> america's favorite giant panda is making waves again. >> the zoo released this of baebae doing tricks. rewarded for commands. 3000 views in a few hours. >>> you probably heard about disturbing things found in drinking water, lead, toxin, dirt, what about marijuana? more on this still ahead. >> if you find the chip credit cards slow and frustrating, you are not alone, how businesses are responding to the backlash. >>> up next, difficult and dangerous work, adam and our crew had to wear hard hearts and protective gear so we could get a close and personal look at the massive maintenance for the first time since metro kicked off the maintenance plan, we got the chance to sigh some of the

suing to block two major health care mergers through antitrust lawsuits claiming anthem's bid for cigna and aetna's proposed merger with humana would reduce competition and harm consumers. jason, it is amazing to he is really ready to dump some of our allies or are his words getting twisted again by his critics. melissa: trump may address the growing global outcry where he formally accepts the party nomination. what we expect from tonight's headliners coming up. david: there is this man. ted cruz digging in the hole he dug for himself last night. will he ever stop digging and climb out? among our guests, dennis kucinich, karl rove, ambassador john bolton. >> stand and speak and vote your conscience, vote for candidates up and down the ticket who you trust to defend our freedom and to be faithful to the constitution. [shouting] melissa: chipolte in second quarter results. go back to lori rothman. >> it's a miss, melissa. shares are down in extended session with reaction, missing by 1%. chipolte is saga, with knew -- norovirus and e.coli. not great but, you know, the ceo is out pointing o

pressure of reports gearing up to file lawsuits to block proposed deals, anthem slated to take over cignathem wants humana. investors had been hoping the etna-humana deal would pass muster. you can see the acquirer shares down nearly 3%. humana down more than that. cigna down 2% and believed to be the best positioned according to analysts. >> surprised there. >>> breaking news on valaent pharmaceuticals. meg terrell has the latest. meg? >> hi, bill. meeting of outside advisers meeting today to discuss whether a new drug for psoriasis should be approved and there were concerns because an original developer of the drug discontinued the development of it because it was potentially linked to suicidal thoughts and behavior. valaent continued the development of the drug and they say just voted on whether the safety and efficacy profile warranted approval. they voted positively 18-0 the profile supporting approval and they're talking about how much labeling to go around the drugs to warn doctors of the potential suicide risk. four of the panel members voted that just labeling will be enough to s

security secrets but this week the justice department sued to block two health care mergers, aetna and cignaall these companies are doing is the natural logical response to obamacare which is big regulation with heavy costs forces consolidation. it forces out small players and it makes big players want to get bigger. >> jason? >> this is a miss to the nba for its hypocritical decision to pull the all-star game from charlotte, north carolina. nba's moral spencibilitys are offended by law in north carolina that says people have to use public rest rooms based on what's on their birth certificate, now how they are dressed or how they feel. i would remind the nba they have no problem with sex specific sports leagues. they also run the wnba for realm. last time i checked lebron james or steph curry could not put on a sports bra and do play in the wnba. >> dan? >> paul, well, a big hit for my hometown cleveland, ohio, which hosted the republican convention. everybody remembers all the fear and loathing that was in the air thinking that these threatened protests would overwhelm city. i walked throug

i would buy some cigna, i do think the mid-120 stock is attractive on a valuation basis, on a stand-alone basis. >> a look. up 1.25%. >>> next up, an analyst saying the next driver for apple will come from a very unlikely source. we'll reveal it. we'll speak to the analyst. we're back in two. my name is valerie decker and i'm a troubleman for pg&e. i am a first responder to emergencies 24 hours a day, everyday of the year. my children and my family are on my mind when i'm working all the time. my neighbors are here, my friends and family live here, so it's important for me to respond as quickly as possible and get the power back on. it's an amazing feeling turning those lights back on. be informed about outages in your area. sign up for outage alerts at pge.com/outagealerts. together, we're building a better california. >>> welcome back to the "halftime report." by now you've probably heard about pokemon go. if you're not familiar with the latest app store craze, we got you covered. don't worry. the phone game using your phone. the goal catch all the different types of pokemon. so what co

anthem has a decision to make about cigna. that's the reality. whether they want to contest this or not. i suspect we'll know in the relatively near future. i think aetna wants to contest it, i'm not sure where the fighting spirit is on the rest of it. >> governor, thank you for coming by. governor malloy will be speaking tomorrow at the convention. after hillary clinton announced tim kaine as her running mate late to friday night, they made their public debut yesterday in miami. two democrats lobbing compliments at each other and assailing donald trump. >> we've seen again and again that when donald trump says he has your back, you better watch out. from atlantic city, to his so-called university, he leaves a trail of broken promises and wrecked lives wherever he goes. we can't afford to let him do the same thing to our country, and folks, we don't have to, because hillary clinton is the direct opposite of donald trump. >> joining me now, jeremy bird, senior adviser to hillary clinton's campaign. and msnbc contributor, my friend james peterson o

the doj filed paperwork toerwork stop mergers between anthemetwem and cigna as well as humana and aetnaong concernson shrinking the insurance market e would harm consumers andrm c prices would skyrocket.rock if both mergers went throughrg t the national market wouldket wo consist of just three firms anthem aetna and united health. >> federal employees andmp retirees he who participate inpi the federal long term careerm ce insurance program will need toat get their budgets in orderrder soon. >> they currently pay the fullya cost of that insurance and onn november 1st that price will jump by 126 percent to an to average of $111 per monthth which is leaving many livid.. >> well, if you've goteot unlimited data and you use more than 100 gigs a month, they're going to dump you.u. verizon says you have untilil august 31st to switch to awitcha limited data package.d data after that, you'll be disconnected.onne verizon stopped offeringpp unlimited data back in 2011 in 0 but some people are still sll hanging on to those old plans. s >> why not? >> yeah. >> what's up with verizon justhv taking aw

aetna wants to buy humana for $34 billion, while anthem is trying to buy cigna for $48 billion. justice officials say the deals would hurt competition, and consumers. the companies say getting larger will help them cut prices. fox news channel c.e.o. roger ailes has resigned. parent company 21st century fox announced it late today, and said it's effective immediately. ailes faced growing allegations of sexual harassment. and, on wall street, stocks gave some ground after a week-plus rally. the dow jones industrial average lost 77 points to close at 18,517. the nasdaq fell 16 points, and the s&p 500 slipped seven. and, the national basketball association is moving next year's all-star game from charlotte, north carolina, over a state law on transgender bathrooms. the statute requires people to use public restrooms matching their sex at birth. a league statement says it wants all people to feel welcome at its events, and will choose another city. >> sreenivasan: vice president joe biden spoke with turkish president about demock sivment this comes as a crackdown after last friday's

the other pair we are watching is anthem to see if that deal with cigna is going to go through. when you look at stocks more a record onceee again for the dow and s&p 500 as we see stocks rally on the strength of earnings news we've gotten today. been the bigs leader of the day, largely because of microsoft and other earnings we have watched. have been watching the s&p 500 in this ongoing rebound in the wake of the u.k. vote to leave the european league -- the european union. here you have stocks how they have done since following the vote. as we know, it has hit records frequently in the last week or so. look at the groups on the move -- technology the best performing group. we see some rotation out of the defensive and into the more cyclical groups. on theft shares rising wake of the company's earnings reports that came in better than estimated. its cloud-based business did well and cisco is trading at its highest in nine a half years. facebook trading at a record. -- sharesings winners surging 15%. uniform maker of after earnings beat estimates and tupperware, raising its sal

low after it diversion 2010 cigna do you find opportunity in those markets?> >> i am bullish >> on american markets near term. the liquidity story is positive. the bank of england and the ecb and bank of japan and others are easing. where does money chase returns? it goes into high yields and emerging markets. that rateew months, rises off the table. to ther is to close election so people are counting on a december hike. matt: thank you so much for joining us. thanks again for wading through the speech. talk more about the fed and the boj on bloomberg markets. ♪ hery: you are watching "bloomberg ." let's go down to abigail doolittle at the nasdaq. >> after just tepid gains this morning, we are looking at a maze rally for the nasdaq, up half a percentage point. one stock helping the index, the best percentage performer is vodafone. shares are nicely higher after vodafone beat first-quarter services revenue estimates. this is reassuring as the strongest grossed -- the strongest growth situation. they had their last pick in 2014 as vodafone is transitioning

the doj also suing anthem and cigna, by the way, to stop its proposed merger.ght, let's take a look at facebook. facebook messenger hitting a key milestone here, now has one billion active users. so this is now the third facebook app that hit the one billion mark. what's app is there and, of course, the flagship facebook app itself x. before we leave you, check this out. do you recognize this guy? ceo of amazon, jeff bezos and his star trek cameo. charles: donald trump will be the first billionaire businessman to accept nomination of a major political party in america, and leading up to him will be some of the biggest business leaders speaking tonight in america. we're talking real estate titan tom barak, silicon valley legend peter till, both main event speakers tonight. deer drink bolton -- deirdre bolton on how closely the business world should be watching. >> this is huge, charles. charles: to coin a phrase. >> obviously, we're all going to be watching it all. but peter teel, he's a self-described libertarian. he is a billionaire. you remember this $500,000