we saw one appeal last year by two insurance companies, and some and a cigna, they lost in the trial court as well. this is extremely rare. scarlet: i want to bring you back in here, ed, is the issue that the doj had against at&t, time warner merger, is there a discomfort with a vertical merger which would be a little unprecedented. or, was it with the players involved with at&t and more specifically, time warner? ed: the speculation was always that time warner was something that trump really did not like any did not want to see the merge go through. he said on the campaign trail, if he was elected, the deal would be blocked. it was always the speculation in the background, but this was the they thought that it presented an unfair competitive challenge and the environment. why are they going after it now? it is unclear. they lost the case and something impossible to lose.

julia: we are joined by rachel evans and vince cigna relic. happy early fourth of july. talk to me about the fireworks in asia overnight. is this dollar weakness? strength of the chinese currency. it may just be temporary. as is a central bank verbal intervention. asy can't be seen depreciating the yuan for a couple of regions -- reasons. does wonders for global stocks as we saw a year or so ago. we have a central-bank just trying to calm the storm. they still have a situation where they may have to lower the reserve requirement for medium-term lending facilities upcoming which would weaken the currency's so they can't have it all going one way quickly. david: there was thought that they were weaponize and the yuan. is this a form of disarmament? >> you could think of it like that.

>> cigna, we're a global company with relationships around the world. health is a personal journey and asset. we have the good fortune of partnering up with dick and his organization for the last decade, reaching into personal goal setting, supporting individuals and helping to accomplish goals that maybe people don't think is possible. we wanted to tell the story, motivate folks in terms of goal setting, and also talk about the recipe of how you support people on the journey. >> the vast majority of able-bodied people would never complete a marathon, could never complete a marathon. what did it bring to you, at that point in your life, that you said, this is so great, i want to give this to other people, this opportunity? >> it was fun because i was doing something that i thought was impossible. it was such a great thing for me, that i wanted to share it with other people. >> tell me what you've seen. what does it do for the folks

for example, one of our cigna colleagues actually formed a cigna chapter in the city that that didn'tore. she's profiled in the book as a profiling courage of stepping forward, driving it forward. >> that's one of the interesting things about this. dick, do you find, both in your personal life and with all the people you work with, that they have this specific goal, i want to run this race, i want to complete this race, or maybe i want to make this time, but then they're able to apply that same sort of focus, that same goal-oriented achievement to other parts of their lives? >> yeah. what happens is, they've achieved something, but in addition, people see them differently. people see them as having a halo on top of their heads. they see them as people who can be successful doing other things. that helps a lot. >> dick and david, bravo. fantastic stuff. people can get the book in their local bookstore, online. >> amazon online. available in hardcopy. 100% of proceeds goes to benefit achilles to further the mission. >> important message. thank you to both of you. appreciate it. >> thank

cigna is working on regaining its luster.apping into e-commerce to turn the corner in the slump. it has to keep up with multi-traffic trends as well as disruption in the jewelry industry. joining us now is the ceo and, jenna, it is almost one year in the job as ceo. when of your priorities it's changing the culture there. u.s. spent 25 years at proctor around ae turning number of brands. your job is to turn around the company's corporate culture. what are you doing to fix that? jenna: we launched our pastor brilliance transformation plan in march after i had been on the job for about six months. i spent my first six months studying the business, speaking with stakeholders inside and outside of our company. we have three key tenants in that plan. customer first, which is about bringing innovative new merchandise and shopping experiences to customers. the second is on the channel, connecting seamlessly e-commerce and the in-store experience. the third is changing the culture to be more agile and reinforce diversity and inclusio

thank you so much, then cigna rela with the latest on china. coming up, auto sales defy odds and jump in june. this is bloomberg. ♪ scarlet: this is bloomberg markets. i'm scarlet fu. shery: i'm shery ahn. >> here in new york city the heat index or how hot it really feels with humidity factored in is expected to top 100 degrees today. temperatures are expected to reach 90 or higher in 44 states. things aren't expected to cool down tomorrow on the fourth of july either with several major cities across the nation likely to see triple digit readings once again. president has ordered u.s. flags on several -- federal property to be flown at half staff to honor five newspaper journalists slain last week in maryland's capital. kevinder comes after buckley said monday that the president had declined his request to lower the flag the white house says the president ordered the flag lowered as soon as he learned of the mayor's request. of the united nations children's agency is calling for peace in yemen. returned ford just from a four-day visit to the co

.>> reporter: nine months later cigna rollo is rebuilding -- signorello is rebuilding. they are still bracing for get another wildfire season. >> i think about the fire all the time. it is a memory you don't forget. >> reporter: construction of the new tasting room will hopefully begin by the end of the year. he says that rebuilding will take about a couple of years. vicki gonzales, ktvu fox news. >>> some colleges have begun offering students a new way to pay their loans. it is called an income share agreement. the school will cover the students tuition if the student agrees to pay a percentage of their salary back. the first to offer this was purdue university in indiana. students who have done this says it helps them avoid large loan payments while they start out their careers and low- paying jobs.>>> we are calling things off a little bit heading into the weekend. we have cold temperatures coast side with fog inland. will be back up to the mid-to low 90s. concord 93, san jose 86, san francisco 81 with monsoonal moisture moving in from the south. we have some high cl

so the recent mergers of cigna do percent aetna opportunity to break down that silo and compare the benefits of technology directly to medical service. if on a large scale, employers and payers demand value, i'm sure our industry will find a way to deliver. so let's all work to create this future together. i think we can all agree patients are hungry for it. patients like marie. ashe is getting value-based care because her doctor is part of risk-based contracts that reward him financially when he keeps her blood sugar under control. marie is empowered because -- her insurance plan offered upfront coverage for continuing glucose monitoring. marie is experience in the power of digital technology because her doctor knows ubiquitous connectivity allows him to care for her everyday, not just during infrequent office visits. marie is now actually working for this better future for she joined our company three years ago. and she leads the research group to use digital technology to nage chronics maa conditions, to hear to medications, and committed to directly with their doctors. we call this visio

. >> caller: my stock is cigna, ci >> when dave came on the stock was around here and it deserved toch higher, doing an acquisition, the stock is undervalued. may i go to tom in ohio, tom >> caller: hello, jim, thanks for taking my call >> okay. >> caller: with the rising demand in lithium and many players, i took a position with sqm and wanted your take on it. >> besides that it is not an expensive stock if lithium takes off. it is not taking off so i have to tell you i may be on the other side of the trade. to tyler >> caller: booyah, tyler from ohio, here >> all right, tyler. >> caller: my brother and in bought my dad stock for wwe for father's day and wonder if it's a buy or sold. >> i think it is a buy sellers introduced it to us and they have a fantastic subscription model we love subscription models on "mad money." to stan in maryland. stan >> caller: good evening, jim thank you velsry much for taking my call. i own rcs, land research corporation for about a half a year now,unfortunately, it's in the red. >> remember, on the conference call, they were not that bullish and talk

you see trees uprooted cigna. i'm sure many of you have the photos. and the video of that.oofs rip off -- the wind did that. alicia: the car fire is far from the only one burning in northern california. the famous wine region of the napa valley, dealing with a fire there. there is also a strong fire burning near yosemite national park which remains largely closed to the public. there is a very tough fire also northern california. and all we have something like 12,000 california firefighters battling these blazes up and down the state. there are 17 of them currently classified as major world wildfires. the big concern in this situation is how long this goes on and the sheer exhaustion that will set in for these firefighters will be battling so heroically. eric: is such a shame if they are so courageous doing that. we have to give our pledge of thanks to those firefighters. alicia: tensions rising between the u.s. and turkey. president trump the need to impose sanctions if turkey won't free american pastor andrew brunson accused of espionage and committing crimes on behalf of

we saw one appeal last year by two insurance companies, and some and a cigna, they lost in the trialthis is extremely rare. scarlet: i want to bring you back in here, ed, is the issue that the doj had against at&t, time warner merger, is there a discomfort with a vertical merger which would be a little unprecedented. or, was it with the players involved with at&t and more specifically, time warner? ed: the speculation was always that time warner was something that trump really did not like any did not want to see the merge go through. he said on the campaign trail, if he was elected, the deal would be blocked. it was always the speculation in the background, but this was the they thought that it presented an unfair competitive challenge and the environment. why are they going after it now? it is unclear. they lost the case and something impossible to lose. there were none of the things they asked for, that they got. the judge said this was a case that should not be brought and nothing in it at all. scarlet: we will see how it all plays out. julie: ed, after you have a chance to talk

taylor: and hudson bay confirms it is holding talks with austrian real estate company cigna holdings.re up by 30% since may 1. and tiger woods and phil mickelson could tee off in a winner take all $10 million exhibition match. that is according to golf.com, which says the match could have happened on tuesday, but negotiations cannot be worked out in time. there is a new date planned, but no comment yet from tiger. scarlet: apparently they are open to wearing microphones during the competition as well, so you can get candid comments. taylor: that would be great. scarlet: we remind you that you can catch anything we broadcast on bloomberg on tv , the function you type in on your bloomberg. you can see television, listened to radio, get event coverage and get the schedule. ♪ >> it is 3 p.m. in new york, a p.m. in london. >> welcome to bloomberg markets. we are live from new york. here are the top stories we are covering and from around the world. the u.s. versus china, exchanging first blows in a trade war with neither side showing any signs of backing down. the countdown to the big

morgan and cigna health care sliding with pharma stocks in australia.g hit hard by price target cuts as further regulation makes life difficult. in greater chinese markets, want to highlight chinese carriers continuing to sink in shanghai and hong con. chinese developer getting knocked down among concerns. macau ka sigh noah operators seing a day of red, m.g.m. china off nearly 7% after revenue getting hit hard last month. david: thank you. breaking news wherever you are, bloomberg on twitter launched tictoc by bloomberg, the first network designed for social media. this is bloomberg. ♪ david: all right, here we go. it's that time of the day for battle of the charts and in the blue corner you can see of course garrfield, our not so friendly neighborhood cat /grizzly bear reynolds. on the other corner, mark "the ull" cardmore. it's the founges have a look at the charts. let's get started with mark. mark: my chart is just a simple panel showing the best p-ratios of the shack high versus the s&p 500. there's always didn't count for inese shares but chinese