really a dramatic leg up in shares of hca and in community health. really this was viewed as a pretty significant risk for these companies. what were they going to do when and if indeed this tax credit had been disallowed and they had to figure out another place for that revenue stream? are watching the insurance stocks. it was not anticipated this would have necessarily identical to affect on insurers -- necessarily as a detrimental and and this would not necessarily be the most affected, but aetna of the insurers may have been -- may have been the most affected geographically as you look at exposure to states with the tax credits were at risk and the states that are the most exposed to patients that are under obamacare. you are seeing movement upwards and many of these insurance stocks but have nearly astronomic as what we are seeing in the hot load related stocks. moving out for a company like cigna means it still is only up about .75 of 1%. a quick check on medical device makers as well. of ae seeing somewhat positive reaction, but again, it is n

hca and tenet healthcare saw their stocks rise.sion so far. insurance stocks higher as well. humana and united healthcare both up around 2%. a big day. we are going to talk about health care and related stocks all day given the size and scope of this move. >> speaking of health care the president will make a statement on the ruling at 11:30 a.m. eastern in the rose garden. when that happens, we will of course, take it live. in the meantime the cne group and check in with rick santelli. >> rick. >> hi carl. good morning. i would like to welcome my guest, david vout. thanks for taking the time this morning. >> good morning, rick. thanks for the invitation to join you again. >> basically, the conversations we have had in the past when you were on, footnotes on balance sheets were the unintended expenses that they had from deals made long ago regarding compensation and benefits to future employers, underfunded benefit liabilities of the future. before we get into the thick of that you just heard the supreme court ruling on the affordab

hca and universal health are up at their all-time highs today as a result of this ruling. as you look at the map for the federal exchange you can see why. concern is that a lot of these big players have in these blue states where the federal exchange are particularly in the south and southwest, that's where they have a lot of exposure. to have had all of that confusion in those markets, to have had that negative sentiment would really have been something that would have caused a lot of uncertainty for them. prospects of millions losing coverage. analysts say they could have taken a hit of between 2% to 6% in their cash flow. a spokesman for hca told me that the company is pleased with today's ruling saying that "we support efforts that improve access by providing affordable coverage for the uninsured." you take a look at the insurance sector though not up quite as much. getting a boost today but it is not those double-digit moves that you're seeing in the hospitals. that's because for them, too, a lot of the profit has come from the expansion of medicaid. that's where they

hca up almost 8.5%. bond guru scott minard will join us. >>> you see new signs opec is becoming less and less relevant. its market share hitting a ten-year low. what impact this could have on crude prices which are down roughly 1%. >> the cfo raising the minimum wage for its employees and having so much success, he is going to do it again. who that is coming up. >> let's get to the top story of the day. we start with moves in health care space. bertha coombs has this back story at cnbc headquarters. finally getting talk of a possible deal now. >> we are. almost a week after we started talking about this. today's supreme court decision eliminates lingering uncertainty in the health care sector. could very well pave the way for more consolidation of the insurers and others. humana shares are soaring on reports that the medicare advantage could be close to striking a deal with aetna cigna also said to be interested. aetna up 3%. humana up 7%. an hour ago we got the big spike on the news. right now we've got

hca, tenet, community health and universal health services all gained at least 7%. with some rising double-digits and hitting all time highs. the same was true for insurers which sa hampton pearson has more on the ruling by one of the justices an >> aca is here to stay. >> jubilant supporters of the affordab it's the second time president obama has won a constitutional challeng to his most significan domestic achievement. today after more than 50 votes in congress to repeal or weaken this law. after a presidential election based in part on preserving or repealing this law. after multiple challenges to this law before the supreme court, the affordable care act is here to stay. >> in a 6-3 ruling the justices said the subsidies that more than 8 million americans now receive to make health insurance more affordable do not depend on where they live. >> opponents argued a strict reading of the law said those subsidies should only be available through state run exchanges. chief justice john roberts speaking for the court majority disagreed. the credits are necessary for t

we have seen hospitals and managed care do very well in the wake of hca.bout whatconcerns would happen for profits particularly for hospitals if we saw the ruling go the other way today. in addition to these stocks, also taking a look at eli lilly which was raised to neutral -- raise from buy to neutral. the shares rising $85 -- shares rising 85 .73. olivia: the court again backing president obama's health care law and the tax mechanisms specifically that it needs to survive. pimm: in a separate case, the house -- the court backed housing discrimination laws healing a blow to lenders. we want to bring in phil mattingly monitoring the court's decision. tell us about this other ruling having to do with housing. the obamahuge win for administration. they were concerned about the act.dable care they actually thought they were going to lose this. this was not a case the government was arguing. this was put forward by civil rights advocates. this is about disparate impact. a legal theory part of a 1960's era statue. with discrimination specifically on home lendi

> >> and for the publicly traded investors tenet, hca, looking at this hoping it will trickle down tom. pimm: julie hyman giving us the look at the stocks. >> will it mean doctors and nurses get a raise? nurses in new york are negotiating a contract to try to get more job security for them. is it going to trickle down? i don't know. that will probably depend on the hospital, too. pimm: i want you to dissect this e decision. is it worth noting justice roberts voted with the majority? >> i think so. he wrote the opinion this time. kennedy also joining the four other liberal justices. this is a huge win for the administration. pimm: we are waiting for the president to come out. >> i have been writing back and forth with white house staff. jubilant is one way they described it. party-like atmosphere another way. they were astounded it got this far. 2012 challenging the constitutionality of the law was the be-all, end-all. the fact that this case, when you talk to people at the justice and solicitor general's office, were not paying attention is still a tarted -- started to get attention i

business, health care stocks skyrocketing, led by hospital operators, community systems rose nearly 13%, hca up nearly 9% it appears that government money is good for business. we knew that, though, didn't we? we're coming right back with much more. stay with us. congress is widening its investigation into the irs targeting of conservative groups. >> we have been misled. there has been evidence that has been destroyed. lou: obstruction of justice or just plain incompetence at the irs? >>> and tonight all of france seems to be in revolution against all forms of french transportation. ♪ i built my business with passion. but i keep it growing by making every dollar count. that's why i have the spark cash card from capital one. i earn unlimited 2% cash back on everything i buy for my studio. ♪ and that unlimited 2% cash back from spark means thousands of dollars each year going back into my business... that's huge for my bottom line. what's in your wallet? ♪ ♪ ♪ get excited for the 1989 world tour with exclusive behind the scenes footage all of taylor swift's music videos interviews, and more. x

all time highs, hca holdings community health systems. universal health services, and life point health. you look at these gains 13% gain on community health. take a look at tenant health care. tenant is not at an all time high but tenant biggest movers of 13% gain on a tenant. you look at your health insurers you see a little bit of movement up there. not as much, not as a direct a beneficiary of this ruling today, however, you have a lot of these major companies, like anthem, cigna united health that are looking at combining merging with another with this uncertainty behind them they can step up and get these deals done. noel. >> interesting because they were announcing looking at the deals prior to this decision and -- consensus was that they seemed to think that this act was going to stand one way or the other. and now, this decision seems to bare them out so we probably will see more of them. >> right, don't expect to see a lot of deals that regulators will probably only get a couple of very large once through. but again, they need t

general, and remember how dicey hca was.fantastic performer. >> a heck of a move yesterday on the ruling. >> there were people short to stocks betting that the jeffchief justice was a capitalist. he was one of the smartest guys in law school. everyone knew this guy was just brilliant and he's his own man and every time you see one of these decisions, people keep thinking he's going to go republican. he is so much more thoughtful than that. when are they going to wake up? this guy is one of the greatest justices ever in the supreme court. he's brilliant. >> that's an early call don't you think? >> my friends who knew him were always intimidated by him, top guys. >> well he did send it back to the legislative branch to the extebt that he seems to be sticking it out in what he said in his terms. >> real quickly, back to m&a land. ete down again sharply yesterday. got them up a tiny bit but if they don't get moving in the right direction, they're done for. the overall energy complex has been under some pressure lately despite wh

business, health care stocks skyrocketing, led by hospital operators, community systems rose nearly 13%, hcanearly 9% it appears that government money is good for business. we knew that, though, didn't we? we're coming right back with much more. stay with us. congress is widening its investigation into the irs targeting of conservative groups. >> we have been misled. there has been evidence that has been destroyed. lou: obstruction of justice or just plain incompetence at the irs? >>> and tonight all of france if you're an adult with type 2 diabetes and your a1c is not at goal with certain diabetes pills or daily insulin your doctor may be talking about adding medication to help lower your a1c. ask your doctor if adding once-a-week tanzeum is right for you. once-a-week tanzeum is an injectable prescription medicine that may improve blood sugar in adults with type 2 diabetes along with diet and exercise. once-a-week tanzeum works by helping your body release its own natural insulin when it's needed. tanzeum is not recommended as the first medicine to treat diabetes or in people with severe st

by repealing the hca would add 200 billion to the deficit.s do a little dynamic analysis ourselves here. so i'm not a mathematician by any stretch of the imagination, as you are, but in your opinion, if we replace the hca and save $1 billion which i just referred to, what would the budgetary impact be, dr. hall? >> well, obviously the ac analysis that we did before was valid and i can tell you one of the things that will happen when we also look at the dynamic effect of this, the dynamic effect will actually probably help reduce the deficit and work a little bit against that, at least and with respect to dynamic analysis -- >> are you saying that if we repeal the aca we would reduce the deficit? >> the gentleman's time has expired. >> i yield back my time. >> the gentleman's time has expired and the gentleman from oklahoma is recognized. >> i appreciate the extra time my friend yielded me. if i can, let me start with the discussion about the historical record of the 1990s and then i want to get specific and pick up where mr. akita left off on

. >> not only that they think their earnings will rise, hospital companies, hca was up 9%. the reason it was up so big, uncertainty is gone. the reason uncertainty is gone, we didn't know what decision will be. obamacare is here, whether you like it or not. it will most likely be here next few years. that is more profitable for hospitals. so investors rush to hospitals. >> hillary, are you buying these stocks? >> i am. ebhc provides doctors to hospitals, ambulance care, that was up through the roof. everything is going up because clearly money is going, as gerri put it right into the hands of these corporations that want this it is not for the people. it is really about business. >> tammy, you're the political commentator here. >> and troublemaker. >> what are the politics on this? this makes the 2016 presidential race even more important because if the courts are going to keep obamacare, the only way that people and majority, 50 plus percent in most polls say they don't like it is to go to the polls. >> look, we know of course there are two words i have to say and a lot of

hca gaining 8% by the end of yesterday's session. olivia: subsidies guarantee.ime for your top stories we're tracking. we start with the health care companies. aetna is closing in on acquisition of humana. we are reporting that a deal could happen as early as this weekend. humana has received an offer from cigna. any offer is expected to value m&f at more than $20 billion -- any offer is expected to value humana and more than $28 billion. pimm: two jpmorgan unit suing six former executives, and jpmorgan wants a court order blocking it. they worked at a j.p. morgan private bank office in new jersey. the lawyers that they do not do anything wrong. disney may invest up to $1 billion in disneyland. that is if the city of anaheim california, gives the company a concession on taxes. this thing was to make sure anaheim will not impose a tax in disneyland tickets for the next three decades. the sick of the will take it up next month. as are your top headlines. coming up, hank greenberg says the aig fight was not personal and is not over. why the former aig chief put up

by repealing the hca - - affordable care act, doing a little dynamic analysis ourselves. i am not as efficient as you are by any stretch of the imagination but in your opinion if we replaced it aha with policies of $1 million what would that impact the? >> obviously that analysis was valid and one of the things that will happen looking at as a dynamic effect that will help reduce that deficit. >> you say if we repeal the ac a? >> the gentleman's time is expired. >> i appreciate the extra time. if i can let me start with the discussion of the historical record of the 1990's with the issue of debt. on the democratic side of the aisle president clinton does deserve some measure of credit to say you have a republican congress. that is for sure but the reality is the first he had pc did not have much to do with that but we did get a real peace dividend. second, we had baby boomers working in their peak years and finally to have the internet boom that nobody can take any credit for at the unprecedented levels for capital gains. we don't have those today. we're in a state of war

hca rising 8%. now you, you differentiate between the short material and the long-term winners. think yesterday we saw the biggest gains in some of the names that were weaker performers year to date. they have lower margins and benefit the most but longer term we think the consolidation that all of this leads to on the manage care side will foster more consolidation on the provider side. >> well, you just mentioned the word consolidation there. we've had an extraordinary amount of that already in this sector. which sub sectors are going to see the most further consolidation? and any names you're looking at. >> we haven't seen any wrap up yet. we're hoping to see some fairly soon but there's a bunch of different groups that provide services to large integrated systems like staffing that will benefit. invision is one of the names that i mention and also other sectors like behavioral health. gets more coverage under the affordable care act and they'll benefit as well but we'll see consolidation throughout the industry. we'll see a tremendous amount in managed care and further conso

out the first thing you said it was winning a supreme court the health care university health care hca the whole sector is running well and this is a second and one to invest in the easiest way to do it more people access to and we're getting older were living longer a given more health care you must own health- care 5 peseta fix and 20%. >>mark: we're talking about tender mascot, headed for ipos these are docked, bus companies or the make money? >>rob black: they bought from their private it is called a match group and by a.c. is qantas in this the problem would have done that it will be hot and italy that year they say is about a hundred and 14 degrees pretty hot weather it will be in a couple month it will be. >>rob black: divorce rates are people meet on a match are lower they own and obviously star wars and a good franchise with a rock-and-roll i think it is a company you want to own but the super premium if you by your not make a lot of money in the first year. >>rob black: to give you a 1.9% will have a question from damon is asking him when the stock dropped and we've seen quit

one trader came to see that said hca is moving, you see them bumping along and then boom to the up sateoing to be paid and when you talk about over 6 million americans seeing these subsidies, this is why this group is serging. that's what i'm talking about and they're all doing that and as we noted, some of them are hitting new highs for hospital stocks . stuart: yeah, that's a big move for that group of stocks. thank you very much indeed. of course the money will be flowing to those hospitals. >> uh-huh. stuart: and a lot of them are getting together and the takeover targets there's all that going on here. and the two emotions. >> yeah. stuart: which i'm picking up from all the people that are on the screen right now. we've got about six seven people up there. number one shock. >> yeah. stuart: because i don't think many people were expecting the ruling to go this way. >> i don't know i would dispute you on that. i was expecting it to go this way because it does seem like, unfortunately, the supreme court is going to do anything to uphold this law at this time. that -- they just do not