i left my job in 2008 as head of corporate munication's at cigna -- communications at cigna after a crisisat i was doing was making it necessary for people to go without insurance or not being able to go to the doctor because of high deductibles. it has only gotten worse since then, even after the enactment of the affordable care act. the number of people without insurance is up and the number of people who are underinsured with health plans that are in adequate is skyrocketing. we are at a point in our history when we absolutely have to say, this is not working for anyone except big corporations and executives and shareholders. we need to do more than just tweak the affordable care act to get to a system that is more like other countries in the developed world. amy: as i was leaving today right before the broadcast, cnn was doing yet another piece. this one was how finland socialized medication system is failing. pointed out,s taking on some of these democratic contenders for president and cnn and how they frame this discussion. he pointed out in a few minutes they would be running a phar

always expanding next year, cigna, bright health, molina health care, centene and anthem. in some cases they're going to nebraska where there have been few options. the expansions come despite the number of customers shrinking overall. that likely due to the end of the financial penalty for going without coverage. >>> the immigration office of the department of justice distancing itself from a controversial e-mail sent to its employees this week. the e-mail included a link to a blog post with racist and anti-semitic material. the immigration judges union said it receives complaints from those across the country who found it offensive. the immigration office says the link should not have been sent. it says briefing emails like the one in question that are prepared by an outside contractor not by the department of justice. >>> one of the largest ever online scams is now history. federal prosecutors say 80 people, most of them nigerian nationals, have been charged in the u.s. and overseas. they're accused in a widespread conspiracy that stole millions of dollars from business

also expanding next year, cigna, bright health, melina healthcare and anthem. some cases the companies going into markets like nebraska where there have been few options. insurers say sharp rate increases left them catch up to claim costs but increases for 2020 should be mostly moderate. a number of obamacare customers is actually shrinking overall likely because the penalty for not having coverage was eliminated. >>> racist and anti-semitic content sent in an email by the justice department's immigration office. cnn has learned the immigration judges union says it received complaints from members across the country who took offense to a link within the email. the immigration office says briefing emails like the one in question are prepared by an outside contractor not by the department of justice and the link should not have been sent. >>> one of the largest ever online scams is now history. federal prosecutors say 80 people most of them nigerian nationals have been charged in the u.s. and overseas, they're charged in a widespread conspiracy that stole million

. >>> cigna is reportedly seeking a sale of its group benefits insurance business, which could be worthlion. reuters says the health insurer is working with an investment bank to sell the unit which includes life insurance and disability coverage for groups of company employees. the stock was down more than 1% to 161.15. >>> end pharmaceutical is reportedly close to making a deal over opioid-relat charges. the "wall street journal" says the drugmaker is looking to finalize a $10 million settlement with two ohio counties that named the companye endo's s rose more than 18% to.0 just about >>> boeing plans to hire a few hundred temporary employees to work on its grounded 737 max fleet. the workers will be providing aircraft maintenance customer delivery preparations. boeing was off a fraction to 331.75. >>> and after the bell, ther homebuiloll brothers posted better than expected results. the company cited lowra mortgag s, a limited supply of new and existing homes and strong employment. shares were volatile in the after hours trading. they closed the regular session up more than1% to 36.9

. >> they sure are by the way, premium jewelry, have you looked at cigna lately?. >> don't it's literally one of those -- >> a turnaround did not occur. >> no, because what happened -- and they tried, but cigna looks like the money they made was really from that kind of loan, high interest -- you know what i mean so it's very hard for them this is jared, not the president's son-in-law >> no, that's important. >> when they say going to jared, they're not talking about him. >> no, i don't think he goes to cigna. ivanka's got good high-end taste. >> there's a lot of problems from retail when it comes to jewelry. jewelry is not really doing well that's important a local category not doing well. you know what category is the worst? >> tell me >> this, the watch that is hurting a lot of different companies. the watch's penetration is so big. do you know that steve jobs had nothing to do with the watch david, the watch talks to me during the show. when it pops up and says lisa, i stop the cameras >> it's all about your fantasy football team. >> no, when it says schefter,

. >>> cigna's quarterly results were better than expected thanks to its health services unit. the health insurer said that costs were higher than expected, it did raise ts full-year forecast. shares fell more than 1% to 167.56. >>> dunkin' brands saw mixed in the u.s.ales with an increase at its dunkin' stores, but then aecline at its bass kin & robbins locations. the company raised full-year earnings guidance. dunkin''s shares dropped 1 1/2% to 78.96. >>> taco bel pizza au and kfc helped yum to post better than expected results. shares re almost 4% to 116.94. >>> yeti topped estimates thanks to an increase in drink ware, coolers and equip innocent sales. the kwp raised its full year outlook but a builder than expected build weighed on the stock and shares dropped nearly 7% to 32.34. archer, daniels, midland missed earnings and revenue targets due to a rough winter in north america. the company also said it s hurt by the u.s. and china trade tensions as u.s. crop exports struggled. still, shares were up araion to 41.15. >>> beyond meat cam back to wall street for a second help

and is backed by the blue cross blue shield association and cigna emblems and other insurance while americans pray away their medical that. spends more than $400000000.00 a year lobbying it's the 3rd highest spender being on capitol hill the majority of its funding comes not from the members of which only 25 percent are doctors but a monopoly on managing health care data and pricing with the help of government contracts so it profits from the entire health care system as it is so doctors if i caught your attention with this segment. do you think you could tell me what this is. it is. now the majority of americans want universal health care under medicare for all who believes the people i think we need a 2nd opinion from someone who is clearly not the people democrats are just running on good aid ideas like a higher minimum wage running on new ideas like medicare for a maybe the a.m.a. should listen to him he's mainstream. but isn't he unemployed right now thanks in part of the ok from n.y.p.d. a p.r. stunt to a big oil p.r. stunt but you may not have even known it was p.r. when you read it fo

for a rivalry there are terrible things about each other and holbrook said to be utterly immoral and cigna- - cynical but that we respect each other but to be fundamentally different in theirll worldview i don't think holbrook had kissinger's strategic brilliance and did not think about how to order that relation between the superpower.. thinking about ending a eewar, saving refugees after the vietnam war and with hiv-aids figuring out how to get pakistan and stop. and those that love to go to the ground to talk to the prisoners, refugees, that's when he was at his most energized. and with that grand strategist to function but then would be flummoxed the world has moved on it ends with his death but really with the election of 2016 because that is where he has embodiment really did and. and then do that to get a job in this administration. >> you are doing one hell of a job i just want to comment on one aspect of his character. >> you have extraordinary access, love letters, his own diaries. i don't know if they would do that now because of the risk of subpoenas. what advice would you have

a carrier or insurer, or health plan, so at night, cigna, blue shield, united healthcare would have both of these plans. they would manage both of these plans. does that make sense? >> you are saying one of the healthcare providers would be providing us with an hmo? >> correct. today we have that split by health plans, this would say we are bringing those together under one health plan. retaining and hmo plan design choice for the member at enrollments on a ppo plan at open enrollment. >> it is my understanding, i was in service practice for half of my career, these already exist. there are lots of ppo and hmo plans. all of the carriers do not have just one template. we would set out the criteria that we want and then find a plan that probably already exists. they would not be writing new plans out of the blue. >> correct. in this example we have kept that third party support service for advocacy and navigation. on page 31 some considerations. there will be some level member disruptions for plans if we consolidate them to one hmo. additionally if there is a carrier change, there will be

two examples, of names that were on the page, cigna and anthem were proposing a merger.went through the court, he went through the department of justice review, at the end of the day they were told they cannot come together. humana and aetna proposed a merger. the same thing happen. out there all of the review of competition concerns destroy that merger opportunity. each one of them has a new integration partner as you saw on the slide two pages ago. from a hospital perspective, you have all the more leverage because they are able to continue to consolidate even as the health plans into very high profile instances were prevented from coming together in i consolidation. what we are seeing with the hospitals on this left side of the page is that the larger market presence does help protect from price concessions and excluded from narrow networks. we see more emphasis on networks that may be smaller to try to drive greater levels of discounts or pricing. that does prevent a wider swath of narrow networks in industry. what we are seeing with hospitals in that last bullet the

that was significant because that was cigna way as a performer.e last 11 minutes or so is largely improvised. or i'm just speaking. >> i think we can agree that this has been an absolutely exhausting, bruising election for everyone. >> that's right. >> and it has come to an ending that i did not imagine. we all now feel the way rudy giuliani looks. >> that was completely emotionally raw and i think it is important for the audience to know you're not lying to them. you're not selling them a bill of goods. that doesn't mean every night is a confession. it just means some emotional truth to what you're talking about. >> that camera is a little piece of glass and i think it transmits truth and authenticity. >> right. and at that moment i just ran out of bull. not that i was trying to, but it was such a stunning event. it was not necessarily impossible to me that that would happen. we considered it. i knew if it happen, that i would have a roomful of very upset people. i said we'll just improvise if that happens. that led to an authentic response that

he thinks if he can cigna for a while. what do you think?ink he's an exceptionally nice guy. with all due respect i think he is heading towards if the democrats somehow miraculously like the interior secretary i do not see him going any further than this. >> he has said he will not run for u.s. senate. do you think they would pressure him? >> i mean i do know exactly when the filing deadline is but that full effort for both parties happens all the way until the very end. we see folks like mike pompeo and the republican people work right up until june 2020 to try to get him in. i have no doubt they will try. problem is for the presidential candidates what we've seen recently, it doesn't really translate well with them going back. you see people start to accumulate these massive liabilities with hickenlooper is a good example. some can walk into the democratic non-nation present too much of the will now have a real battle in the debate. >> what about -- >> on electability, i think you identified three key issues for democrats. i think democrat

cigna, humana, anthem, among companies expanding and doing better. enrollment stablizing at 10.6 million in the first quarter. as you remember the financial penalty going away. back to you. melissa: gerri, thank you. connell: let's get to oil, closing down the second day in a row an aaa is telling consumers to expect relief at the gas pump this fall. all that for phil flynn in chicago. phil? >> great news i see the leaves falling off the trees i see gasoline prices. seems every fall we get a bit of a break. this year might be even better, connell. we're hearing from aaa, the prices could be as low as $2.40 a year ago. it was substantially cheaper than a year ago and cheaper around the 4th of july at 2.57. they do warn about, so far this hurricane season is pretty mild. they're saying all bets are off if atlantic heats up. we get a hurricane, prices could go back up. oil is struggling to go anywhere. we were higher, lower, but we were down after the ism. see you tomorrow. after you. connell: phil flynn in chicago. melissa: calling on businesses to cre

think this is all going to affect the resurgent nuclear tension over iran's nuclear program i mean the cigna trains the remaining signatories to that 2015 deal does it apply much more press and then basically tries to keep. it certainly does ever since president trump unilaterally withdrew the united states from the iran the j c p o a joint conference a plan of action it really sends a bad signal to our alums you know specially our european allies that british the french and the germans and it really gave ammunition to the iranian iranian side to say hey look we abided by every aspect of the deal that was not really popular by common a and these sort of hard liners inside iran yet it was president trump unilaterally withdrew but we don't accept reality and reality is this at the end of the day europeans are going to stick with the americans for cultural values political economic you name it says war to you would do you with all our difficulties and differences with our spread across the pond us in the end europe and that's the free europe have had to have been lost in major strategic goals a

also ahead, fed reserve board nominee judy shelton a day after the powell selloff we got to get to cigna, dunkin', yum, clorox we're back in a moment every day, visionaries are creating the future. so, every day, we put our latest technology and unrivaled network to work. the united states postal service makes more e-commerce deliveries to homes than anyone else in the country. e-commerce deliveries to homes what do you look for i want free access to research. yep, td ameritrade's got that. free access to every platform. yeah, that too. i don't want any trade minimums. yeah, i totally agree, they don't have any of those. i want to know what i'm paying upfront. yes, absolutely. do you just say yes to everything? hm. well i say no to kale. mm. yeah, they say if you blanch it it's better, but that seems like a lot of work. no hidden fees. no platform fees. no trade minimums. and yes, it's all at one low price. td ameritrade. ♪ lower carbs. lower calories. ♪ higher expectations. ♪ the light beer you've been waiting for has arrived. >>> so we put july to bed. take a look at the leaders for la

time to get word on the street bernstein upgrading cigna to outperform with a $205 price target the analyst saying deal synergies and low valuation will offset policy risks. >> ubs downgrading anheuser-busch saying it's nipping it in the bud. and morgan stanley upgrading northrop grumman to overeight. the firm saying they are standouts in the defense sector. these sectors value 7% cash yield and structurally it's a good sector to be in as things start to be a little more defensive. >> kourtney, what's your take on all the deals that we've seen? >> it's an interesting sector. it's that sleepily sector people don't generally talk about i probably would veer towards, and some might not say this is a comparable stock, but cvs because the yield is so much better if you're going into both of theefz names or one of these names that's been not performing as well as we liked, i'd go with one that would givy a little better dividend yield on it. >>> we are up by 245 points on the dow, not too far from the session highs. here are the three things driving the action china steps back from the brink. fed

going in the opposite direction you got shares of insurer cigna.es in the latest earnings report. it was boosted by a surge if revenue in the company's health >:@! stock is up by 3 and a third percent. the labor department will be out with initial jobless claims at ñ 8:30 eastern time. investors will look ahead at what the fed might do at its next meeting of course, at5a 10:00 a.m. we l be getting thew institute with the july manufacturing index. >> the fed cutting rates yesterday. but president trump wanted more. steve liesman joins us now with the details. hello again. >> reporter: a lot of debate on what fed chairman jay powell meant when he said the phrase mid-cycle adjustment those words sparked ai]arket sell-off >> the committee/9% really thinking of this as a way of. more accommodative s'mce. we are thinking of it essentially in the nature ofn (t&háp &hc% this tweet from the president of the united states. quote, what the market wanted to hear fromxdj. powell and the federal reserve is that this wouldxdkeep pace with china and

brought a lot of dust into the atmosphere, and that sand in the upper atmosphere prevents the cluster of cignatart interacting with land, it may weaken for a bit and then strengthen again before it arrives to florida. perhaps during monday, and of course it is labor day, and there‘s the potential for it to move towards a orlando, a lot of residence there, a lot of holiday—makers, and disney world prides itself on being open 365 days a year, it is only closed seven times since 1971, because of storms, so we will have to keep an eye on the volume of rain, it will bea eye on the volume of rain, it will be a very slow—moving storm so it could bring significant flooding. be a very slow—moving storm so it could bring significant floodingm the rain is what to worry about, more than the winds. it looks as though it will be so slow, obviously huge storm surges well for low—lying coastal areas potentially flooding as well. very rough seas, damaging gusts of wind, but it is really the fa ct gusts of wind, but it is really the fact that it is so slow—moving in the rain will be relentless. it could potenti

that was one of the big reasons i decided to leave my job at cigna in the first place, because i was be a cheerleader for these high-deductible plans. i left as this strategy was taking hold. over the years, more and more of us are in these plans to the point that the commonwealth fund says that 42% of people who get their coverage through the obamacare exchanges are now underinsured because of these high deductibles. people who get their coverage through the workplace, now about a third of them almost are now underinsured. that is because insurance company executives said many years ago the problem with our health care system is americans don't have enough skin in the game. they need to pay more for their care out of their own pockets before we, as an insurance company, will start paying for their care. that's where it started and that's what's going on. that's what has to end. >> wendell porter, you're going to have to come back again because i do appreciate the clarity you're bringing to a very complex system. thank you very much. >>> elijah cummings is still speaking. a short tim