order to be pfree from profit-making incentives and constraints joining us is former apple ceo john scullyow chairman and chief marketing officer at pharmacy benefit manager rx advance. john, good morning granted, these companies have not given detail on exactly what they plan to do, but my big question is how can they do more for efficiency than, say, a big company like kaiser, which is vertically integrated, has about 10 million members, i believe. how could this work? >> well, it really can work. i think if you look at the trio, these are the three giants in corporate america. trying to eliminate billions of dollars of cost and jamie dimon is the most admired executive for disruptive innovation in the financial world. so they are coming out and saying that it's time to have an alternative task to what the politicians have done by focusing on replacing obamacare. what these ceos are saying is there has to be a better way we've got disruptive innovation. the one thing they know that's different than even a successful organization like kaiser is that anything that is going to be disruptive

>> all right, thank you, john scully, the ceo and founder of rx advance as we finish up the first half of the trading day, taking a look, work day, up better than 3% twitter also having agood day but a lot of stocks not so much. >> getting close again to session lows let's get over to the judge for "the half. >>> and welcome to "halftime report." i'm scott wapner our top trade this hour, rally watch. why stocks are selling off hard for a second straight day and if it's a sign that long-awaited correction could now be closer than you think with us for the hour today is joe terranova, josh brown, city ofly link, jim leven thal. an ugly picture down here where stocks are down and rates are up investors are nervous about what's happening in the bond market is that what this is about >> i think that's part of it but also the impact on health care from the announcement that we had this morning from mr. buffett and jamie dimon and amazon is enclosuclearly is havn impact the expectation would be that you'd see increased m & a in 2018 when you're getting significant selling like you're getting

i'm john sculley president in one thousand nine hundred three steve jobs lures joan scully away from pepsi cola to become c.e.o. of apple with this legendary phrase you want to keep selling sugar water all your life or do you want to come with me and change the war they start off as the perfect do you do to mediocre mike sales combined with jobs increasingly to run economy to the honeymoon is soon over. it came down to eventually on the board a war between john sculley and steve jobs in the end because steve jobs had actually burned out so many people and created so much animosity and fear about himself when the board came to a vote it was almost like the entire company voted that would they would rather not have steve jobs around anymore. tell us about your departure from that. it was very painful i'm not even sure i want to talk about it. what can i say i had the wrong guy that was stolen. and. he destroyed everything i spent ten years working for and a friend of mine who was working at apple that day the day that steve left and they were all called out of their offices and they al