i do want to quickly ask you because you had cigna on your list of stocks that you like. we saw the disaster that was humana yesterday. we know that cvs, united health, sol of these other names have -- some of these other names have big techs pose your to what humana cited as a huge problem and that is aging americans are bellying up to the government, you know, offerings when it comes to insurance. medicare. medicare advantage. and that really hurt humana. why do you think it wouldn't hurt cigna? >> well, it has, and the stock has pulled back. this is the fest time, yesterdah the decline in humana. and i'm not saying the issue isn't real, but i'm using this weakness to say cigna's got a better mix of business, in my view. pretty cheap, great free cash flow. so stock and the whole group, great '22, lagged in '23. we're more interested again, liz. liz: okay. good to see you. and thanks so much, bob doll. bob doll all the a loves qualcomm. let's get to the chip discussion here and the market problem child on this friday, that would be intel. the chipmaker is stumbling badly

do you remember the cigna? >> do i remember it?d on it >> you broke the story >> very much against it. were going to vote it down if they had the opportunity they were encouraging david cordani to abandon it, and it's a good thing he did. if he had persisted in that deal, he would have lost his job. >> some people, eyes askance, not saying it myself, believe that the stock, they're trying to keep it up in order to do a deal with cigna. i would never say that >> the big opposition i heard was in the relative multiple cigna trading roughly ten times. humana had been at 16 times. how is a 16 multiple deserved for humana when elevance, a company that you just saw is very well run, apparently, trades at 11 times >> i don't know. the whole thing was a mystery. i will tell you, david, we got out of it for the travel trust it didn't seem right when they go -- when a company decides to try to merge with someone and they trial balloon, carl, and it's so off the rails, that's a good time to go just go. >> that said, jim, there is a belief tha

sure but i don't think the fact it is a busy— but i don't think the fact it is a busy airport like cignae cigna can factor however haneda is a very complex airport _ however haneda is a very complex airport to — however haneda is a very complex airport to navigate on the ground, there _ airport to navigate on the ground, there are — airport to navigate on the ground, there are many, many taxiways and three _ there are many, many taxiways and three main— there are many, many taxiways and three main runways which make it tricky— three main runways which make it trickv as— three main runways which make it trickv as a — three main runways which make it tricky as a pilot to make sure you do not _ tricky as a pilot to make sure you do not enter— tricky as a pilot to make sure you do not enter a live runway. the lighting — do not enter a live runway. the lighting system is very complex and the lights _ lighting system is very complex and the lights are very right on the ground, — the lights are very right on the ground, very difficult to see an aircraft — ground, very difficult to see an aircra

case out a they, when the woman has an invisible plain, she flies and even visibility or the back man cigna rebecca of anybody. but at this you'll be able to basically that back and go back to these cuts that sort of thing . the why do you in doing this? they do a bunch of stick to it, to you happy and what do you do when you have a good job table income. why are you interested in risk at all? for the same thing. obviously, you know, for this stand up comedy, which one makes more sense? that's it, that's the same. the challenge with this type is you've chosen a very specific premise which is a, b, c you new word model with any word today. and if someone has to do on board with you, they have, they are as interested in the new worse. it becomes easier for them to follow at night. but if it someone like me or to put into the organs that don't seem to show a b r absorbing every piece of information for the 1st time, the one thing we need to do is simplify perfect. ok. i make good absorbable, faulty not. i think if this was an open mike, i would have bought this was just like a okay to this. i

we have fallout over the collapse of the real estate firm cigna.xecutive officer at -- is said to step down from his post according to people familiar with the situation. the company declined comment but our reporting says philip rickenbacker said to be stepping bound as ceo of julius baer at its about the $700 million to cigna, the collapse of the real estate firm. we will try to get you more details on that and keep you in the loop and what's going on in the markets as we get closer and closer to that fed decision. after the break, jeff mullen campell join us about the equity market and a discussion about the shift from growth to value. this is bloomberg. ♪ j.p. morgan wealth management knows it's easy to get lost in investment research. get help with j.p morgan personal advisors. hey, david! ready to get started? work with advisors who create a plan with you, and help you find the right investments. so great getting to know you, let's take a look at your new investment plan. ok, great! this should have you moving in the right direction. thanks j

. >> you got cigna news yesterday on this medicare advantage business.ou got upgrades of merck today, downgrade of pfizer, and the jpmorgan health conference coming up. >> lisa gill is going to be on my show tonight on "mad money," and she runs the greatest conference of the year, and if you're interested in health care, i think my staff set me up with 27 interviews. 27, 20-minute interviews, and i'm thinking, can the sleep, bring the red-eye back. one thing is certain. that has been where -- some people break news there. i was there when medtronic announced a shortfall, and it was one of those things where it was like, huh? no. and it was very tough. >> was that coming out of covid? >> no. it was just several years ago. but it was like -- i'm saying this is up to the minute news stuff, and david ricks, who is so great and so clear, if you read the statement today about their weight loss drug, it does sound like he's trying to streamline the process, but carl, an end-to-end direct health care experience, lilly direct, is something that's new, but i don't

david cordani may want to do it, but did back off, and cigna did, as you say, the buyback, as opposedo doing a deal that, again, as i reported a number of large shareholders were saying, please, no they couldn't understand there was a multiple disparity between the two. >> he should have realized >> we also had unh on friday if you recall >> the stock got hit, but unh did better than humana it is tough to figure out -- when you try to figure out the different managed care costs, all you're trying to do is figure out if you can save a little money we stuck with humana because they have a good program but it's quite obvious they lost control of the situation, and that's how a stock cowboy down this much. when they tried to do cigna, i think that was a recognition of, let's do something we're going to miss the number by the way, that's a good tell for people, when you start doing something that seems insanely stupid, that may be a to cover up something that is ente substantively bad. >> i don't know enough about the talks to confirm if that's the case it was november and december where t

so set a success out of cope. 28, i think which also cigna it was a very positive approach to bilateral cooperation. you the near future a. so a pet, both 21 member states. but all eyes were really on china as president. she and his relationship with joe biden. how would you characterize that relationship, both prior to the summit, and did that dynamic change in any manner after the event, especially after bite and called president she, a dictator? when answering a question from the press. oh, let me answer your question, the later part of the question. first, i don't want to comment extensively on mr. bide as temporary statements only in the video issue. because when, who does the blinking? it's a frowning suppression during the meeting, and we have also seen similar statements of from the president on other occasions. i think it's a challenging, at times to decipher his a true intention, based on just a one single statement. and about the china us relations. we tend to divide, the space is based on significant events such as this summit. but my overall says he that this summit is just

cigna to you know how great of a year they've had great stuff for the red and gold. not so positive note. the warriors got some bad news on wednesday in just his second game. back after missing a month. gp to have landed back on the injury report. it happened in the 3rd quarter. he trips before going over a screen and immediately grabbed at that left leg. here it is right there right before he was about to it's a strained hamstring. he will be out several just a tough break. no pun intended for gary payton, the second and hopefully he's back sooner rather than laner. but it sounds like it's going to be one of those soft tissue injuries that takes a little bit him. and i'm sure they're going to be careful with him because he just came back and hurt again. but we can end on that negative 5 9 pro bowlers. yeah. really cool stuff. none of them were unexpected day. they were they've been leading their position groups for a while now. so it was kind of a foregone conclusion that most of those guys want to get in. brandon aiyuk. he is an alternate that wide receiver. but an

somebody else you need to do this is money gas of this to cost you continue to spend about strong cigna long working at chase based exercise has taken place. bradley, 3 months, author, a similar event start in which it is destroyed. 4th tons of feast time. william scales already say was removed off of the process, will be used to construct a monuments at the national park in memory of a flame as the front office of the largest frontier. nigeria is a source transit and destination point for level wildlife tre, including ivory and found willing scales despite pain is signatories of a convention on international trade in endangered species. authorities and conservation. they say ignorance and weak measures are the main problems that they are now trying to fix. so what you have is the nature of what they've been designated for the little wildlife tree. and also and, and julia is the trust of points for illegal white life for adults going out to the what, especially from the west african and um, central africa and um, built into the audience and the rest of the world. now it's, they like bus

hi, i'm be in from cigna, paul, fuss the. i'd like to thank tell, and all the brief is really youth who refused to suff and that is really defense false. my question is, what do you envision for is really easy and palestinians in the future. thank you tom. can you tell us what your vision is for palestine and israel in the future? think that there's no other option except for living together. no imagination of the worlds of the future can i imagine displaced without his rallies and no imagination of this world can i imagine this place without palestinians. i think at some point people are going to have to learn to live by one by each other, one by a long side. and we have to start working towards that we have to, we have to be the voice that says we need to start this now and not. and in another 2030 years when keep so many more people are going to be that finally, what would you say to all there is really so have their draft date coming up? do you have a message or i don't know what advice sometimes beacon see are self says

the, well of course this is a very difficult decision for israel because they are a cigna tree to the genocide convention. so that for a sense of the they should be taking this very seriously and date. there is a lot of pressure on the of course, south africa has to petition say that, accusing them of war crimes of indiscriminate bombing and then actions towards the genocide. so we have had a statement off to many discussions among the top bras is that is the story. it's this whole process and ministry and also is ready. officials, the national security advisor, talk to you how to be. he use some pretty strong language against the he said this is an upset law suit constituting a blog post, but they will go to the court and they will be in a counter. won't that being accused? don't. okay. the supreme court to own another? no. it has rejected a controversial that would have restricted his control over the government. there is at the end of this aspect of the legal reforms or what is missing. yeah. who planning to fight this to where it's not necessarily a case of fighting it. that was a

not only because there are a cigna tree, but also because of so that because own a part dates history. and that's where the to a part that comes from in terms of a group of people in south africa previously subjugated, oppressed and not having the same rights as the, the sort of the governing all the ruling entity in whichever country they say it's because of the south african struggle that they can identify with palestinians. this is why the palestinian struggle their fights with justice and freedom resonates with south africans. so the south africans have said that it gives their duty and this is, it goes beyond the palestinian struggle, but it's also a fight for humanity is specifically when the people have been prevented from speaking out and prevented from fighting full that justice themselves. thanks so much for all this for me to middle for us and show him his big what we're going to keep moving along now to hold on just to meet, who is in, tell us a for us. and as we have to do this thing for this case has been loud and clear from the israeli government. we hearing anything fr

after tim wentworth, a former honcho at cigna who did an amazing job as ceo of express scripts.nd i am not alone. otherwise we wouldn't be bouncing like this. this is the wentworth bounce. it didn't seem like it dyeing industry. the collapse of rite aid could have really help. of it means many of the righted stores get shut down. that would certainly give walgreens a chance to continue the transition to healthcare. plus, there is a belief that pilferage might be coming down but who knows where that came from. cbs headed -- cvs headed decent come back. i want to bet on a season healthcare program. and then chevron. if you live by the aisle we will sort, you will die by the wheel soared. and tumbling from the 90s to the 70s, there is not much you can do about it. the market produces so much oil that a war in the middle east can't push up prices. i'm impressed it was down 17% for the year. this is a tough one. the third and fourth biggest losers on adele are doppelgdngers. johnson & johnson and 3m. they have the same problem with litigation. dog by the inability to put these to bed

. >> this year's gershwin prize for popular song goes to cigna and great elton john and his longtime lyricist bernie topham. the library of congress announced this today saying that your song, tiny dancer and rocket man will be honored at a concert in washington on march 20. the famed broadway dancer, singer and actress chita rivera died in new york. she garnered 10 tony nominations. one twice and blazed the trail for letting artists. she was anita in the original west side story. she recalled that experience from american masters in pbs in 2006. >> being inside of the piece was constant motion. that is what the emotion of the gangs was all about. that is what the youth of the time was all about. movement, keep on moving. that is why it was great to dance it and sing it. just to sing it would have not been enough. but she was 91 years old. still on the news hour. the near and dear michigan on his meeting with the biden campaign and his city's calls for a cease-fire in gaza. major car manufacturers respond to recent challenges by slowing production of electric vehicles. and author eli

ruling in this case, south africa taking israel to court under the genocide convention, south africa cigna tree of the convention as israel. and the south africa says that is where i was reaching that convention, but we don't really have final rolling on that. what we're going to get him anyway . so the people of gauze are, is more important because it's an interim ruling and south africa. there's hope making that the colewell issue, what is known as provisional measures. the court did something similar with regard to russia and ukraine. also with regard to you, me and more in the past, almost south africa ones. and those provisional measures on a big deal of stay at stake here in 2 hours when the cold makes his reading. of course, the cold might not favor south africa. they might favor israel's arguments at night here in the cold. it says he's doing absolutely nothing wrong, it's a bad thing. the rules of law. busy and it's turning out self defense. there's also a 3rd option, which is that the court will look at south africa's request and look at israel submission and decide perhaps to ag

career at walgreens but then i look at how cvs has struggled, you know, since merging or acquiring cigna at 18. is it a value trap or value stock? >> we struggle over this, both jeff marks and i perhaps adding to the bullpen of an upcoming investment club meeting. we screwed up on foot locker. we felt the initial redo and the change in pace and then it just got hammered again. will walgreens get hammered again? i don't know. tim wentworth is the real deal but at 22 i'm so tempted to pull the trigger. i just don't know what to do myself. i just don't know. why don't we go to -- i hate to just punt but that's better than a lot of guys i saw on the eagles. let's go to blair in pennsylvania, please. blair. >> caller: boo-yah to you, jimbo, from northeast philly. been there my whole life. >> really? i got most of my ma's side is over there. what are you like gw and northeast? which schools? >> caller: lincoln high school. >> lincoln. a little up -- okay. doing better than us. that's okay. i don't mind that. what's going on? >> caller: tell me about palo alto networks. bought it at the all-tim

he was a former executive at medco went from medco to express scripts, express scripts to cigna. >> winin. >> i will tell you that walgreen's. i sat here last year and said i was super excited about john driscoll. here i sit a year later and i never upgraded the stock. why? because only the ceo can really truly drive the strategy. you can have great leaders underneath you, but i think at the end of the day it's driven by the ceo. when i look at tim, he is the first ceo of walgreens that actually understands what people are doing on the other side of the table. pbms, managed care, et cetera, honestly when the stock was down 11% today it kind of crushed me a little bit -- >> no, you had told people dividend's in danger. i think you're too hard on yourself as you always are. this is when you want to start thinking about it. >> but being down five i said to myself if it can end down five today i think that's a great entry point. >> now, cvs, they're both trying to get away from the front of the store, which is obviously difficult. do they have good plans? is that going to work? >> i think i

with respect to the narrowness of the rally, you have names as diverse as cigna, chipotle, uber that are within one, percent 2%, 3%, 4% of the highs. it's not as if everyone is languishing or down. it is certainly not as broad as you would like, but i think there are plenty of opportunities outside of large cap tech to get large returns. a sector i mentioned repeatedly last year and emma valdez myself, look at the hotels. pull up the charts of hyatt or marriott. this is consumer, travel, the story is played out. you didn't need to be in large cap tech to be exposed to any one of them. >> you can pull up a longer period of time if you want to continue to see that nonetheless, nicole, of the ones that are reporting this week, microsoft, alphabet, meta, apple, which one is the most important, do you think? dan ives made the case that microsoft is. it sounded like dan greenhaus was back in that v. i had investors on halftime doing just the same. do you agree? >> we do. you know, i think microsoft is incredibly positioned, well diversified. we could talk on and on about the strength of th

the well, there is a huge amount of concern, of course, because israel is cigna tree at to the convention on genocide. so they will have to take this seriously enough, according to one holler at all school. it says ready b ds. it say there is currently a session being held in the foreign ministry as we speak. we have contacted the farm industry so we checking up on those details, but i just want to lay out some of the kinds full you have in south africa is up in the pressure. it says that those indiscriminate use of fools and posts will remove the removal of residence and assault according is right. the actions planes against humanity will crimes. and the form of thief meets the basic definition of genocide . and of course as well. we'll have to take this seriously. there is a new set. the state's attorney on the top is ready for off on discussing this at the moment. so we'll come back to you with more news on that. and laura, as well, and coming back to the other story, been talking about the withdrawal of some reserve as how is that being interpreted the of the well absolutely the out o

have to rethink that position because many of them all cigna trees to the i c j and to the, the genocide close within it. that correct. well, i think that's what countries are going to have to, they're going to have to grapple with, and i think over the long term, this kind of damage to an nation's image can have serious consequences. so this is what countries are going to have to grapple with what the united states and israel are, are what scholars call non compliant actors. they see themselves as a bar as being above international law. and so they don't, they simply don't comply. but i think countries in the european union and outside of and elsewhere are gonna have to decide sort of which side of history they they want to be on. and i think that's what's going to be interesting to follow in the coming in the coming days and weeks. sometime in january we can expect an board or an emergency order from the i c j calling on israel to stop. it's violence and goes on. there is a whole issue of the global responses, the stock, the different positions of politicians and governments to what th

but it's all -- it's cigna, kroger, cvs, verizon, mckesson. >> those are all recession.he stocks that we decided as, okay, fed is going to put us in recession by these stocks, and that's a convoluted theory, but it's in play right now, and it's what we heard this morning, which is that maybe it's going to be rate hikes. well, that would actually be very difficult. i'm going to speak to david ricks, the ceo of lilly, on our show next week. he's a great spokesman. remember, this is the best performer. ken langone said this would be a trillion dollar stock. >> we're going to get some data today. ism. j.o.l.t.s. do you think those still sort of buffet us? >> i think so. i think one of the things we try to tackle with the labor secretary that nobody seems to want to talk about, the immigration issue has changed the equation. i mean, these are people who are working, once again, there's an underground economy. i don't want an underground economy. i want everyone to get health care. i'm not calling for an underground economy, but anyone who thinks there's not an underground eco

. >>> some big deal news this morning, "the wall street journal" reports that cigna is selling its medicare billion. deal talks were first reported earlier this month. the deal would mark a major expansion for hcsc, which the parent company of blue cross, blue shield plans in five states including illinois and texas. >>> nasdaq quarterly results out this morning, ajustdjusted earn, net revenue grew 23% to $1.12 billion, which includes a$148 million net benefit from acquisitions and divestitures, including the recently completed acquisition of adenza. for more on the tech rally and more on the nasdaq business, let's bring in nasdaq ceo and chair adena friedman. good to see you. >> great to see you. great to have you here. >> yes, great to be here with you. talk a little bit about the business. the fourth quarter, you know, sure, equity markets rallied, not a lot of ipo activity, somewhat muted on the capital markets side, that's obviously a component of your business, not the majority. give me the profile of nasdaq and what was driving its business leaving 2023. >> we're proud of the continu

other health insurers like united health, cigna, are all down in sympathy with that trade.you got shares of boeing, down 2.5%. nearly half a million shares of volume the embattled aerospace and defense giant continues to see negative headlines u.s. aviation regulators have placed restrictions on boeing's ability to expand production analysts have downgraded the stock to neutral from buy due in part to those restrictions the faa has cleared inspection instructions for the 737 max-9 jet, which could clear a path towards planes getting returned to service in the near future. tesla, that stock is drive ago lot of the narrative in the nasdaq the electric vehicle giant reporting disappointing quarterly profits and revenues also said that vehicle volume growth will likely be "notably lower this year. those tesla shares down, 8.5%, a big part of the tech trade story. >> dom, thank you very much. >>> folks, we are winding things up here on "squawk box." let's look at where the futures stand. green arrows across the board as joe mentioned, dow coming back after those stronger than ex

really protect our customers from those price spikes to save our customers over $1 billion last year, cigna during the year. they stored this gas and then withdraws it when it's needed. >> a local tech company plans to make it easier for some north bay workers to get to and from work. the financial company stripe is trying out water taxis for its workers at company headquarters in south san francisco, starting in march. stripe is teaming up with the company na'vi, which has a fleet of 11 hydrofoil eels. the idea is to turn a 90 minute commute down highway one from marin county into a 45 minute boat ride, ou na'vi says the deal will provide water taxis will prove that they are a viable way to commute. >> would you do at crookston? >> absolutely. 100. i wish we could take a ferry to work. we just they don't run at our dark hours. no, they don't, but yeah, we can watch. >> we can applaud. all right. frank mallicoat here right now. 648 hey, frank, everybody behaving for you on the roads. >> well, i wish come on. i'm on today. usually it's a light all the time when i come in. sal smart. he's tak