cigna responded by saying that mr. icahn's view does not represent those ofgn s other shareholders.coombs has been following lee drama for us. >>> carl icahn c cigna's megade megadeal a $60 billion folly. the activist investor when has taken a stake in cigna is urging others to vote against the deale arguing that insurers paying a 50% premium for express scripts at a time when the pharmacy management business model is under siege from regulators to the secretary o health and others who have been critic of confidential rebate agreements which allow the pbms to secure discounts from drugmakers. icuen also a that amazon's entrance into the pharmacy business recently acquiring pill pa will also dermine the deal. in his letter icahn warns purchasing express scripts will be one of the worst blunders in corporate history, up there with the time warner-aol fiasco and general ectric valued destruction. icahn believed cigna would be better off building its own pharmacy unit and returning cash to customers. does she argue said it would be better for cigna to build a pharmacy with enough scale

cigna stock.not going to hurt it. it's a combination. >> all right probably haven't heard the last of it. >> we don't have a lot of time that's another part of what has been a curious move here. >> yeah. no dialogue whatsoever with the company. we'll see. >> yeah. >> pretty flat open. dow down 25. we'll get to the bond pits. >> good morning, carl. treasury rates and the dollar index pretty much highly unchanged. but where they're perched are loftily levels look at one week of tens there's been a downward drift. not many basis points. look at the chart starting in early may, we're still in a tight range. we're still trading right around the midpoint of the closing yields for the year thus far we have a 10 year note auction today. maybe we'll garner a 3%. we're three and a half basis points away. we have to wait to see i don't think it's highly likely but you never know there's so much control in the fixed income markets what is interesting about the 1% level. 1% for the 40 year and that hasn't been

i care how cigna has performed under cordani. what's his leadership been and the answer is much better than the market. more important, i look at the data business created by united health that's the stock i own for my charitable trust you follow along by owning the action owners.com club it makes me think that some day cigna could be at a huge disadvantage without express scripts. in short, i'm taking a leap of faith that cordani knows what he is doing there is no reason for him doing this deal if he doesn't believe it in. i think the combination is terrific, which is why i've been recommending his stocks since $170 it's now $189. the conventional wisdom in this business is if you're going up amazon, you're going to be trash and your stock will become a joke we've seen this play out time after time with so many different retailers. that's why we call amazon the death star but you noe what sometimes amazon doesn't get its man. there was a time when we believed amazon was going to crush the auto parts retailers last year we kept h

he is warning cigna shareholders this deal is a huge mistake with a huge price tag. my exclusive interview with carl icahn. so don't go anywhere. i'm trish regan. welcome to "the intelligence report." ♪ . trish: also this hour, home depot cofounder ken lange phone joins me on set with his brand new book titled, i love this, "i love capitalism." he will explain why democratic socialists like bernie sanders and alexandria ocasio-cortez are completely wrong to think that socialism can ever work in america. >>> plus we're following markets. the dow off 26 points. we're following tesla throughout the hour. new questions whether elon musk may have violated sec rules when tweeting he is thinking about taking the company private. we'll get to that straight ahead. joining me on the phone for his first interview since opposing the scripps cigna deal. legendary investor carl icahn. carl, foot to have you. >> good to talk to you, trish. trish: you don't like this deal. you don't like it one bit. i have excerpts from the letter you say basically this could be one of the worst thi

cigna probably would trade up. >> right reports icahn could shake up the cigna express merger sent the options market into a frenzy mike ko out in san francisco with more. >> we did see four times the average daily put volume in express scripts. some of it was interesting because we did see a buy of over 4,000 of the weekly 79 puts and that was before this news came out. those are obviously profitable already and we saw about a thousand august 70 puts which, obviously s an indication that the stock is going to be going lower after this news. >> yeah. mike, sorry. i didn't realize my microphone was open and i didn't mean to distract you there >> no. that's quite all right >> mike ko, outside in san francisco. live television. that's what happens. >> check out the show at 5:30 p.m. eastern time. >> thank goodness i didn't say anything worse. >> still ahead, tesla up in the after hours and elon musk just apologized on the conference call we'll tell you what for and get instant reaction from tech guru gene munster (indistinguishable muttering) that was awful. why are you so good at this? h

. >> i loved at $175 cigna, i said this is going to work.ipts is going to work >> you were right. >> just explained why i thought it was a good combination. cigna is a very well run company and express scripts does okay. this combination is better when this deal closed, the first true competitor. anthem, they all have good numbers but this is a great combo. >> we'll see what icahn chooses to do. my understanding is he has not made it clear to the company he is going to actually oppose. so he may be making some money anyway there are times when carl sees is being as an opportunity potentially simply to make money, not necessarily to move in full opposition not that he won't here but let's not forget he did start -- in this case he is buying the buyer is he not playing it from that perspective. >> look, i think that a lot -- i think it is important that you distinguish, a regular press which i denigrate is saying, it is going to be a battle royal, like it is going to be fortnight or something >> we just don't know. his numbers are not that sig

cigna, they need to do something as well.etna and cbs are building out retail clinics on their distribution. through tele-dock and pharmacies it is important these players create those various entries. they are obviously very ambitious. caroline: disruption knows no bounds. we thank you for your insight. they for the bloomberg business flash. job cut's from the biggest lender, wells fargo. mortgagecond quarter fees fell by a third. the lowest in five years. .hares of papa john's rising the struggling pizza chain has hired bank of america to help stabilize. there is no sale process underway. the founder resigned as chairman over using a racial slur. that is your bloomberg business flash. surgingd software maker today reaching an all-time high as it is benefiting from its corporate i.t. spending. can we appreciate how you said's block -- splunk. an $18 billion company. this was play as an acquisition target. away.ial buyer backed basically doubled since then. a lot of this is the machine learning space, a fancy way of saying so

and says that cigna is vastly overpaying for the transaction he's recommending that cigna instead pursueexisting existing company he says just don't buy it. you're paying way too much of course that transaction one of the many in the health care space that would be reshaping it in light of a lot of anxiety about what amazon may or may not do of course they picked up pill pack just recently >>> meantime, weight watchers second quarter earnings beating forecasts. raising the guidance for the year shares are lower today we should say after weight watchers had a small decline. the comps were tough here's what ceo mindy grossman had to say about it earlier on "squawk box. >> we had a great quarter. revenue up 18% if you look at the subscriber numbers and where we ended the quarter, it was kind of not much unchanged. so if you adjust for anl seasonality, we were pleased >> we also learned she's not a fan of intermittent fasting. the new sort of trend in diet land >>> etsy second quarter earnings fell just shy, but revenue beats forecasts. now expecting revenue to rise as much as 35% this year.

cigna went out to get another deal and investors were not thrilled. are some folks that would like to see cigna sell themselves. there has been a lot of consolidation and they can reduce the pull of potential buyers and lose outthrilled. there julie: it be interesting to see if icahn pushes to sell cigna himself -- itself. scarlet: zack, thank you so much. is time for the bloomberg business flash. fidelity is fighting the latest shot at a price for over priced mutual fund fees. they will offer to funds with zero fees. this will be as an international benchmark. shares of cheesecake factory are following the most in 19 years. they post co- costs have cut into their margins. that is your business flash update. joe: coming up, what you need to know for tomorrow's trading day. this is bloomberg. ♪ scarlet: "what'd you miss?" a missed -- mixed day in u.s. stocks and the nasdaq rose thanks to apples record high and. starting with has a -- end. starting with has luck, -- has low -- julie: joe want anything to happen with the tesla call. caesars had disappoin

but cigna's real good. been behind the merger i think it's great you will do just fine, so stay long cigna if you're eyeing pet play, and i think what you have is horse sense! this bull market is a huge winner hey, much more "mad money" ahead, including my decree exclusive with the ceo of exact sciences they're partnering with pfizer and the stock is soaring then, in 2013, there was a female steve jobs, so what led to the fall from grace the man who wrote the story and what a book he's got and rapid fire, the lightning round! so, stick with cramer! at&t provides edge-to-edge intelligence, covering virtually every part of your retail business. so that if your customer needs shoes, & he's got wide feet. & with edge-to-edge intelligence you've got near real time inventory updates. & he'll find the same shoes in your store that he found online he'll be one happy, very forgetful wide footed customer. at&t provides edge to edge intelligence. it can do so much for your business, the list goes on and on. that's the

jason: cigna par as a place -- becomere as a place has a different place. ved?n all -- evol as a shipping hub for southeast asia and was colonized by the british. since gaining independence in 60's, it has been built up as a city state and recently has become a banking center, and that is where the newest wealth is coming from. carol: what is different about the wealth in singapore? >> there is the real estate wealth from building a whole the swamp on an island in asia. and the wealth brought over from mainland china and other places in asia back in the 60's. jason: let's talk about the movie itself. the trailer has really caught on. why has it captured the imagination? wrong,, easilyn accessible -- rom-com, easily accessible, the first hollywood film to feature asian-americans as the main part of the cast in 20 years. jason: wow. kim: people have noticed. jason: what accounts for that lack and why now -- lag and why now? panther" was finally a superhero movie that acknowledged other cultures. thanks to this movie, it was reported that netflix had thought about

we are seeing cigna now falling after glenview supported this deal and the letter to cigna shareholdersanda. amanda: the u.s. today taking further action against russia issuing fresh sanctions against moscow. after the nerve attack in the u k, washington said they expect measures to going to affect the 22nd of this month. the ruble is already feeling the pain today thanks to a two-year low on the news. more on the impact, professor and senior research scholar from columbia university, great to have you with us. hownt to start with surprising this was the russians are calling the sanctions illegal but are also expressing that it is a different tone than expected from the president. are they surprised the u.s. took reaction? >> it is stuff way a different tone from what the president said that i do not think russians should be too surprised. it is a law that has been on the books since 1991. it has very clearly defined requirements for investigation and determinations by the state department. congress has actually been pushing the state department to make a determination on this for month

he said cigna is overpaying for the manager.ff in a multitier partnership with them or a similar firm. the home listings website operator is acquiring mortgage lenders of america. mortgages streamlines the organization. we will talk with the zillow ceo. italian cost-cutting rose to a second quarter profit. it exceeded estimates. the ceo is ramping up savings and improving quality. they are selling bad loans. that is the bloomberg business flash. tom: single best chart right now, we showed this earlier. this is the long-term chart. , down we go. trump this is 2%, 3%, 4%. this is a jamie dimon like 5%. is it's about the vector. whether it happens suddenly or abruptly or we are given time to normalize, that wasn't shown within the comment. gabriela: as we see in the chart, we had a time of much higher yields. we are not going back to 14% on the tenure. this is not an economy that has that type of inflation. toally, that line will tend follow gdp in the u.s. and give us closer to 4%. tom: the heart of the matter here, it's about the

it's kept cigna down once the deal is over, i think cigna will go higher. >> express is 23% market sharehey're going to say they're paying less than 13 times. $600 million in synergies they've noted. when they're arguing about price, express said they could project as much a billion and a half in potential synergies. yeah he's got lots of things, jim, he's arguing in favor of this deal again, uphill battle potentially for icahn given how quickly the meeting is coming on at the same time, if you're cigna you've got a short amount of time to respond here. >> right. >> in terms of getting shareholders where you want them but the holders will be the question do you get a vanguard to actually go with icahn is a key question we'll have to wait to see what the battle shapes up as of the next week or two. >> and why what is the thesis? >> i don't know. i don't know what the thesis would be i mean, listen, he's basically saying with all the other things he's saying they're paying too much that's what he's saying. they're paying too much. >> calls it a $60 billion fine. >> oh, please. >> he needs

that is why we see that rise in cigna.rl icahn is there is the activist part of having.ersation we're >> he believes sigma is paying and that is why he is adding that deal. cigna, and urging the department of justice to block that merger. a number of these as well. seet will be interesting to how much. >> to politics, president trump taking aim on trade this week, live in lot -- in washington, kevin? >> thank you, chairwoman -- chairwoman, for being here. to be here.eat thank you for having me. numbers,- fundraising it looks like you are out raising the dnc ahead of the midterm cycle. president trump tweeting against and make a gop donor, the coke brothers. will that have an impact from your vantage point? >> we were obviously very disappointed to see the koch brothers desai that they will not support kevin cramer. it will be a key state we are focusing on to expand majority in the senate. not been a proponent of a lot of the policies the president has pushed -- put forward for our economy p are we are not pleased with tha

cigna announced the deal back in march. >> i got a -- liz: charlie. okay, you got nothing. -- >> don't you think that was a good carl icahn? liz: tomorrow cbs is reporting its send quarter earnings. today charlie is reporting exclusively some news on what happens next. yesterday stocks stabilized when you reported that les moonves would be on the call -- >> right. liz: is that still going to be the case? >> we -- as of now what we understand is that they are planning and they are going through scripts, they are talking about their earnings, there's stuff with shari redstone, the fact that they want to break away from national amusement which owns the controlling stake in cbs and prevent the merger of viacom and cbs, they are preparing scripts for all that. and from what i understand, and for les to be on the call, you know, and as well to be talking about what happened in the new york article, that they expect at least one question to come out. now, it's interesting, we should point out, that -- we should also point out that this is as of now. i believe it when i see it, if

peloton. >>> welck we have a news alert on cigna. seema modi has the details. >> cigna has a proposed $54 million merger with express scripts calling out investor carl, kahn in the letter in which he urged shareholders for the merger it demonstrates an uninformed view of the marketplace and cigna's strategy mr. icahn appears to believe that a multi-year partnership with an existing pbm provider would be preferable to the announced transaction. there are a number of issues with this view the stocks, cigna and express scripts unchanged after hours. michelle >> all right thanks for that update, seema. >> coming up, we'll get the after-hours earnings movers including why match is shoring, have you seen it going by? big mover. don't move with tripadvisor, finding your perfect hotel at the lowest price... is as easy as dates, deals, done! simply enter your destination and dates... and see all the hotels for your stay! tripadvisor searches over 200 booking sites... to show you the lowest prices... so you can get the best deal on the right h

carl icon reportedly plans to vote against cigna's deal to acquire express scripts.e price is too fine. he may try to convince other shareholders to owe pose the op. cigna reported better than expected earnings earlier this morning and shares of the company and express scripts are higher in the premarket, cigna up more than 2% in the premarket right now. check this out, the lego movie characters making an airline safety video for turkish airlines. >> can we get the step by step flashing video instructions please. here we go. make sure you're inside the airplane, step one. >> carefully stow your luggage in the overhead bin. >> emmett? >> i thought you were a suit. cheryl: it also has other cameos. the lego movie 2 will hit theaters in february. finally there's this, one russian man is building a tarp out of nasa space blankets to provide shade for this year's burning festival. it will be made up of 3,000 blankets held together by 2 ' miles of reinforced tape. he's trying to crowd source more than $17,000 in funding to finish it. he will set it up in burning man which

for maybe cigna.et the audience in. >> icahn dropped his bid to drop cigna's $52 billion deal for express scripts. icahn telling cnbc the crossover was too big. given what the advisory firm said, we realized there's no way we could win shares of cigna unchanged. don't know if they've traded express scripts up fractionally. we glossed over that bitcoin story. you said if it got under 6,000 -- >> i might have to. >> it's not under 6,000. >> we're there went back up >> it's close enough >> yeah. you never want to get greedy with these things. if you think that's the low. i think there's a support level. it's around six. >> we'll see >> how much are you talking about? would you buya whole coin? >> my staff would buy a coin what are you talking about you're talking about using my pocket lint? >> pocket change >> don't pocket lint >> that's what i was trying to do >> i'm buying lot. >> you're dlollar cost averaging in >> let's talk markets. joining us is jurrien timmer, and tim plum also joins us good to ha

and they need to get a shareholder deal of course and cigna's potential deal, carl icahn opposing that deal that's fallen apart. albertson's merger with rite aid. because th . >> this one not so act christ-- abandoning their deal, the shareholder advisory firms also came out against it last month albertson's privately held by server's capital said it was not really able to boost it's ff but rite aid chairman and ceo john stanley defended the deal in a letter to shareholders saying while we believed in the merits of the combination with albertson albertson's, we have heard from our stockholders and are moving forward as a company rite aid has a much smaller store count. they can now sell off benefit rx you know those controversial price discounts. cvs and express scripts says they're passing on 98% of rebates to clients and rebates account for just about 3% of its revenues and express scripts revenues only about for about 4% of top line this comes as david mentioned, carl icahn suggesting an objection to the cigna deal. both cigna and express scripts top holders, is dodge and cox stock

coming up this hour cigna david cordani responds to carl icahn wh

. >>> carl icahn dropping his bid to drop cigna's $52 billion deal for express scripts.hn telling cnbc the crossover was too big. given what the advisory firm said, we realized there's no way we could win shares of cigna unchanged. express scripts up fractionally. >>> now back to that developing story out of london where someone crashed a car into pedestrians outside of parliament >> good morning. we have a developing story out of london. a car has crashed into the barriers outside of parliament prompting a large police response police say the driver was arrested eyewitnesss say the car hit several cyclists, but police reported no life threatening injuries authorities have now closed the westminster subway station. >>> the largest wildfire in california history claimed another life a firefighter from utah has died so far that inferno composed of the ranch fire and the river fire scorched nearly 350,000 acres. >>> family and friends of aretha franklin are rushing to her side after reports that she is gravely ill in detroit the 76-year-old is in hospice care at her home sh

. >>> cigna is calling out carl icahn. says the proposed merger with short sighted we'll hear much more about this from cigna's ceo, he will be here on "squawk on the street" today at 9:40 a.m. eastern time. a huge interview you will not want to miss >>> let's turn to the broader market action. we have futures indicating what would be a slightly positive open now the dow jones up by 6 points the s&p up 1 the nasdaq up 4 points stability in the markets is the theme of the day let's bring in kathy lien. we are approaching stock market record lhighs right now. it seems like risk is off the table. the vix is falling again any sign out there that this particular move in the markets is perhaps just a head fake? or can we believe the bullish narrative? >> i think volatility in the markets is relatively low. that makes me wary particularly in light of the uncertainties in the global environment i'm not the only one expressing these uncertainties. central banker the are worried about how some of the trade tensions and other factors

the cigna vote is august 24.s in fact going to try to get in front of this deal, he does not have a lot of time to make his case. i will say there's a couple market factors working in his favor. amazon's purchase of -- a direct scripts,o express which has a mail-order prescription service. and also, the trump administration proposal to end rebates that pharmacy benefit managers take a lot of their profits from. it is unclear what is in that proposal. indication that express scripts profit model would have to be significantly rethought, that would raise --stions about whether buying what it really thought it was buying. onie: there were also doubts the market because express scripts is trading at a discount to the offer price. coming up, analysts, don't about the sexual thessment allegations on cbs called despite the stocks falling. if you have a bloomberg terminal, you can check out tv . click on our charts and graphics and interact with us directly. this is bloomberg. ♪ >> the cbs earnings call yesterday aft

iss nose of prize that cigna down.if they overpaid, shareholders don't think it should go through. entering --ll be interesting to see what goes on. carl icahn is not a shrinking violet. olde's nothing like a good m&a battle to heat up a friday. let's get an update on with making headlines. emma: in turkey, president erdogan bounces country will win the economic war being waged against it. to converthe moves into the turkish lira. many investors are looking for more drastic calls from the president. in the u.s., lawmakers are divided over the plan to create a sixth branch of the military. mike pence and james mattis appeared to announce the creation of the space force. congress would eventually have to fund it. california, 20,000 people have been told to flee a wildfire that is moving close to their homes. one person has been charged with setting the fire. fire crews in northern california are reporting more progress. destroyed 100 homes. global news 24 hours a day powered by more than 2700 journalists and analysts in

cigna was also in the news yesterday when carl icahn took a stake in cigna >>> we are counting down tobig jobs report. joining us now to talk about that and more is the market strategist and head of america's asset allocation at ubs. and our guest host today, michelle gerard from natwest markets. jason, putting it back to what we're seeing this morning, more of a selloff even though a lot of this about the stepped up tariffs was telegraphed yesterday. what do you think is happening >> i think we've seen the markets discount escalating trade concerns, especially after last week after we got positive news from the eu looks like there could be progress on nafta. i think people put it to the back burner. getting this announcement going from 10% to 25% reminds people that this is still not resolved. all the focus is on china now. i view this as they're trying to get the chinese to offer concessi concessions. you go from 10% to 25%, you don't just hurt the chinese, you hurt the economy so it seems to me they're saying, please, we don't want to do this, but we'll have to if you don't come to

cigna wants to buy it for $54 billion. we're coming right back with more breaking news.ing onto the street when you barely clip a passing car. minor accident - no big deal, right? wrong. your insurance company is gonna raise your rate after the other car got a scratch so small you coulda fixed it with a pen. maybe you should take that pen and use it to sign up with a different insurance company. for drivers with accident forgiveness liberty mutual won't raise their rates because of their first accident. liberty mutual insurance. ♪ liberty. liberty. liberty. liberty ♪ at fidelity, our online u.s. equity trades are just $4.95. so no matter what you trade, or where you trade, you'll only pay $4.95. fidelity. open an account today. liz: we need to look at bitcoin right now. it is falling about $60. that in and of itself does not look huge, but this after a slight bounce this earlier trading. stands at $6400 per bitcoin even, the drop continuing a now potential three-day slide in the wake of the sec's decision to delay approval or denial of plans for a new bitcoin etf. so the

mr cigna and most. you all seem to and so is ira june to the twenty first of june in the mean time you. bought it on. to your. wife who. was. going to. oh dad not. a controversial approach i am not an idealogue let me be absolutely clear to democracy and international development building roads doesn't cut inequality in fact the increase i was from a bestselling author and distinguished global economist you don't advocate for green day i should tell him that i should do many times as one having read my book yet how many men might have it i guess maybe his son goes head to head we've done bees employer i've been a kid the crazy i'm not factoring thing on al-jazeera. is a microchip people of argentina have been marginalized and brought divert a culture for generations. using twenty first century tools one ma the funds to reconnect those are headed goods and share their culture with the next generation. viewfinder latin america discovers new filmmaking talent from around the globe. message film i do into o

amy: that is mike cigna, the former mayor of charlottesville.ce then, thehe kyle walker hs been elected, the first african american woman mayor of charlottesville. the night the right rally certainly may have helped her in her bed as she challenged the establishment. her name was unmasking the illusion. into the bring this conversation with you, susan, and a.c. a.c., do you think the response afterald trump before and somehow the trump administration is dealing with white supremacy, left the charlottesville establishment flat-footed before? >> what do you mean>>? were not that they prepared in a did not feel they were properly brief, they did not understand who these people were. >> our understanding is this, the federal intelligence agencies and the federal one for spent agencies compiled research on these groups and they had intelligence on these groups. and now i'll sort of question is , why did that not reach the local authorities? why did that not reach the city council? and what happened between the federal government compelling research,

cigna closed at 185.30. express scripts at $86 even.oardamed a special committee to evaluate taking that company private. is follows recent tweets from ceo and founder elon musk who said he wantso take tesla private at $420 a share and that funding was, quote, secured, but there are reports that the sec is looking into tccuracy of musk's statements. shares dropped more than 2% to 347.64. w the fbi isning banks about a potential worldwide atm hacking scheme.co ing to a cybersecurity blog, hackers can use malware ta acce bank or payment card processor to steal data and then use thatle s information to withdraw large amounts of cash from atms worldwi. charles henderson is the global managing partner with ibm xforce red a team of hackers who help companies uncover vulnerabilities in their own security systems. >> thanks for joining us tonight. >> thank you for having me. >> is this a new vulnerability we're heariut? what do you make of this warning from the fbi? >> so at its core, the fbi is addressing a lack of care and feedingn the at wor

you have a carl icahn dealing with cigna and he's saying no to the express scripts deal.calling it a $60 million folly, but maybe more important, this is in a late-cycle bull market and we're probably going to see some of the worst deals right now. this is when ceos will ovpay, d i think investors seem to efderstand that and it's happenede. you saw in the past when companies overpa it's paid for in the later years and right now you've got a lot of ceos who are looking for organic growth and they're goingo o tryy it. >> i knew you were going to say that and knowing you were so a pric value conscious and how late we are in the cycle. >> you know m well, bill. are there still areas,th sector you can see that are in need of mergers and acquisitions that you're keeping an eye on? >> company specific, i don't have a name for youight now, there are always deals to be made and despite what i'm saying and in the second half of this year, i terms of overall volume and i think deals at th price make a lot of sense and there are challenges out tre. hedge funds that are good at this t

. >> shares sign in cigna jewelers after reporting a surprise increase in same-store sales which was strength in theewelry retail zales brand and the company raised its full-year forecast and cna's quarterly profit was ahead of expectations and the sales soed 23% to 67.68. dollarcount retail chain tree set a rise in sales at its namesake brand was offset by higher costs and flat growth at its family dollar division. overall, the company delivered earnings and revenue in line with estimates and margins shrunk and dollar tree said it was trimming its full-ier earnings outlook. the stock dropped 15% to $79.78. its rival, dollar general fared better this quarter. same-store sales at the discount retailer accelerated more than expected and profits topped estimates. the companyid note that margins were pressured by an increase in sales for lomargin items. dollar general also lifted its sales guidance for the year. it fell to 5.66. >>> abercrombie & fitch missed same-store sales estimates moved by weak demand by its hollister and a & f brands and it did deliver a surprise profit and that di

i want to talk about cigna.in of the deal, we had glenview, is significant shareholder coming out and saying they are in favor of what do you think of the pricing on this deal? jonathan: i think they both make pretty good points. carl is very succinct and pointing out that the environment is changing rapidly. we don't know what the future for pbm's is. on the other side committees have been investors in the space for a long time. they understand the business model. i think they might have a better view on where the value is then carl who might be more optimistic. what do you think he would be appeased with? what can the company's offer him to get his support? jonathan: he doesn't have a big enough position to sway the vote. to be honest. i think it is more about the headlines and if he can turn a couple people to his side or get express scripts to fall and cover. it is probably his ideals america -- ideal scenario. scarlet: jonathan palmer, on the latest on this health care companies. julie: we have an update on

look at cigna, express scripts.se cigna's plan to express scripts. >>> oil not going very far today, they do not impose sanctions on iranian oil maybe until november. maybe the price of oil goes up at that point. we'll see. right now, 69 bucks. >>> may take on the an testify fa protesters who harassed conservatives charlie kirk and candace owens. i think democrat leaders should get out there say, knock this stuff off. maxine waters is wrong. senator schumer said that should be said more forcefully. >> should be backed up by police enforcement. shouldn't allow any intimidation off any citizen. what democrats can't get through the ballot box, they seek through intimidation and. it has to end by democrats. has to end by politicians. end by police enforcing rules and the law. this is policy of resistance. resist everything trump. in some cases do it with almost violence. is that a good election strategy. does it really bring the democrats votes? >> no, it does not, shows american people deep divide. what you can't get a

mr cigna and most. you all seem to me says ira june to the twenty first of june in the mean time you. bought it on good. to see you. while that was. it was was no. i. was. going to say. was that was. i. was not. the middle east's most religiously diverse country you still have the right to be just communities you don't have one for the future you have nineteen of them divided along sectarian lines the confessional system in lebanon has destroyed a pretty real more fiber and heavily influenced by regional allegiances whenever you have one thing baby while the other you have civil war so it's always this balance that's a week out following its first parliamentary elections and nine years people in power investigates the state of lebanon on the. just so you know the nature of news as it breaks the syrian government with the backing of iran and russia now controls sixty percent of syria after steadily recapturing territory with detailed coverage what was supposed to be a summit between the two most powerful

taylor: -- up next, we are talking about cigna.rg. ♪ scarlet: this is bloomberg markets. i'm scarlet fu. taylor: and i'm taylor riggs. it's time for your bloomberg business flash, some of the biggest business stories in the news today. cigna shareholder glenview has been joined in supporting the company's proposed merger with express scripts. they are going up in bed -- against carl icahn, opposed to the deal. it does not appear to value express scripts pharmacy management manager. female employees of nike sued for sec dissemination -- sex discrimination. claims they were passed over for paid less, they were than the male counterparts, and ignored when they were complaining. and tesla's board is going ahead of its review of elon musk's proposal to take the company private, according to a media report. nothing secularism -- mounting skepticism and a potential fcc -- sec has a many gains from the earlier tweets. as the campaign season kicks into high q, we speak with the democratic challenger hoping to take one california district fr

if david were here we might talk about glass lewis recommending for cigna express scripts. >> had a veryo be impressed with that combination even though carl icahn isn't and i look at it's so hard not to be impressed. when you look at humana, anthem, s centine. these are remarkable performers. to be linked with a signal is a good thing for cvs i think it's going to do well now that i forecast that rite aid is going to be very challenged, challenged being -- let's just say it's -- i wish them the best of luck. >> yes i think i know what you mean glass lewis says the rationale is both clear and reasonable and would give them, cigna, significant and immediate scale just as a rhetoric >> everyone was worried about amazon you do this to be able to protect your flag. cvs had a very good quarter it's like viacom had a very good quarter. all people carried about was the soap opera carl icahn using a curse word. the soap opera of national amusements, sherry red stone. >> sure. >> in the meantime bob backash puts together one of the finest ear residentice -- ear ras in recreation the term that he'

carl icahn says he no longer tends to vote against the cigna deal.relates to sigmas $54 $54 billion.gna's an advisory firm urged shareholders to support that deal. a quote here. he says in light of the recommendations, we have informed the fcc that we no longer intends to solicit proxies to vote against that transaction. breaking, carl icahn says he is no longer intending to vote against the cigna deal. let's move along to one of our other top stories today, and that is focusing in on tesla. investors remaining divided on the companies privatization push after elon musk confirmed a bloomberg report that his claim of funding secured was based on discussions with the saudi sovereign must fund -- sovereign fund. no question that a deal with the pi have could be closed. this go to bloomberg news executive editor for technology, tom giles, in san francisco. this change anything with the fcc investigation of mr. mosque? tom: it just keeps the questions alive. this recently indicates that yes, he did have in fact a very wealthy organization that saudi arabi

mr cigna and most. you will seem to and so is ira june to the twenty first of june in the mean time you. bought it on. to your. wife who. was. going to. her i did not think. the first batch of u.s. sanctions against iran go into effect on aug sixth. as iranians brace for the impact will be wrong. covering the story from their perspective looking at what sanctions mean for iran's economy and its people a special coverage on old as you're. young rich and famous in china one of the news goes behind the great chinese fire wall to meet the cyber celebs of a booming multibillion dollar business. on al-jazeera. this is a really fabulous news from one of the best i've ever worked in there is a unique sense of bonding where everybody teams in but something i feel every time i get on the chair every time i interview someone we're often working around the clock to make sure that we bring events as i currently as possible to the viewer that's what people expect of us and that's what i think we really do well. corru

cigna report earnings before the opening bell down more than 11% so far this year. lea: how a is cbs moving forward with the investigation into his ceo les moonves. >> two offerings into the misconduct allegations about chairman and chief executive les moonves, cbs is another cultural issues that appeared in the company also said the board has a special committee to help the investigation and les moonves will have no role in it. it reports earnings after the closing bell today. shares are down more than 10% so far this year. let's talk about parent. they are apparently hiring a tutor for their kids, but it's a very controversial thing they're doing. >> a higher math tutors can i piano teachers. now they are hiring coaches to make their kids better to video game which has become extremely popular in the last year according to game right, than 1400 coaches have been hired since march. most rates depend on the coach but can cost anywhere from $15 to $50 an hour for three to four hours of coaching. had he become the videogame coach? train to what her parents thinking? c

is up ten lily is up gilead, cigna. >> check all the boxes from a portfolio management, construction, it provides now with diversification >> is it too late? >> no, absolutely not. i think this is a perfect time fwen from the diversification standpoint, itthe right thing to do >> second highest sector is health care. you're going to be able to get significant exposure cheap compared to financial, compared to technology also by the way, really no concerns as it relates to the trade irritant we have going on in tariffs and you're seeing consumers continuing to spend. so it checks all the boxes i'll add isrg, avid labs, bought pki. i think having health care exposure is incredibly important. >> michael, this leads to then the obvious question if fang or big tech is going to have some sort of falter for a bit and you're looking for something to pick up the slack we've talked about financials and energy. maybe the place to look is the place that's worked over the last month that's health care >> big enough to carry >> it's a risk off kind of a trade and it has been. it's been the more defe

he is warning cigna shareholders this deal is a huge mistake with a huge price tag.ve interview with carl icahn. so don't go anywhere. i'm trish regan. welcome to "the intelligence report." ♪ . trish: also this hour, home depot cofounder ken lange phone joins me on set with his brand new book titled, i love this, "i love capitalism." he will explain why democratic

. >> larry robins glenn view capital coming out in support of cigna's acquisition of express scriptscarl icahn took the opposite stance. in a 14-page letter. glenn view wrote that while we have great respect for mr. akahn we believe that analysts feeding him information to lead the fight against the deal may be argument him with informations that's less than correct he lays out a case why the merger will save the investors billions annually and why the long-term growth prospect are stronger with the steel. glenn view says it has a $1.3 billion investment in cigna appear express scripps split evenly between the two glenn view letter says goes on to say that we believe it supports a transaction of in magnitude and we hope the vast majority of the shareholders will reach the same conclusion glenn view says voting down the deal would be backward looking and brings risk. back to you. >> leslie thank you. >>> well full speed ahead for the railroad stocks. csx up over 32%. norfolk southern up 20% year to date en and both all-time highs will the strong economy drive the railroads to new heig

several high profile positions including northrop grumman, correct, dr pepper -- keurig, dr pepper and cigna up, is google tracking you even when you tell it not to? the aclu on the latest battle in respecting user privacy next. this is bloomberg. ♪ emily: intel disclosed three flaws in microchips that could be exposed by malicious actors. they could be used to steal information like passwords and financial records from computer memory using malware. intel says they are known and fixes are in place. the chipmaker added that it would be very hard to exploit these flaws. another big firm appearing to violate user privacy. this time the culprit is google. smartphone software continues to track your location even after you tell it not to. google says users can opt out of location history tracked all the time, but according to the ap, which originally broke the story, that is not true and google continues to store timestamps locations without permission. said that location history is a google product that is entirely opt-in, and we make sure you know when you disable the project. joining me, legi

carl icon dropping his bid to block cigna's $52 billion deal for express scripts. >>> first up, teslaouncing the formation of a special committee to explore musk's proposal to take the company private. they have not received a formal proposal and haven't reached conclusions on the feasibility of any such deal all current tesla board members are on the committee they do get the amount of k. out as we get a page one story in the times saying that the board was taken aback by the origina tweet. >> i think we have to go back to what mark cuban said yesterday on scott wapner's show this is a man who is not a conventional ceo we keep expecting a certain level of convention. he's not going to give it to you. therefore you should stop looking for it now, this kind of whole sequence seems backward idea, maybe put the company up for sale, maybe take it private. let's hire goldman let's hire somebody else get a special committee going, see if it's right. he does it backward. instead of people doing all he did was do it backward they say he is covering his tracks he never should have tweeted. the

. >> you get what -- he deserved it >> cigna, too cheap. just too cheap there you go. >> good stuff. thank you all, have a good restu >>> my mission is simple to make you money. i'm here to level the playing field for all investors. there's always a bull market somewhere. i promise to help you find it. "mad money" starts now hey, i'm cramer. welcome to "mad money." welcome to cramerica other people want to make friends. i'm just trying to make you some money. my job isn't just to entertain but to educate and teach you call me at 1-800-743-cnbc. or tweet me @jimcramer >>> we have breaking news. i mean you've been hearing this story for hours. apple crossed the billion dollar threshold. the nasdaq pole vaulted 1.2% a lot of fireworks over there. does apple's epic valuation really matter? actually, yes. you bet it does. particularly for us. we've championed it all the way. apple matters more than the chinese saying they won't stand for president trump's tariff raise from 10 to 25. they don't have as much balance sheet with a debten laden econo

regeneron -- at 5.4% as cigna says the deal is on. and t-mobile at 3.6%.hey say the sprint deal is on track. lots of bullish activity. dave: we returned from apple to facebook. we were warned that russia would try to -- this week, we may have gotten the first confirmation. facebook is already detected several accounts that it said were engaged in "coordinated, inauthentic behavior," a euphemism for -- actively pursuing the question of tampering with the election. we welcome a member of the house intelligence committee, representative joaquin castro. knowus what we should about these latest reported attempts to use facebook to alter the elections. clear from: it is what facebook and twitter have threat from the russia and russian operatives trying to influence the election continues to be a huge threat for the united states and our election security. there is still an active russians to influence the american elections. as you know, we are only a few months from the midterm elections. i'm glad facebook is come forward. of the sociall media companies will co