. >>> merck's ceo ken frazier speaking out on everything from drug pricing to tax reform to his public fallout with trump. kate rogers has more >>> let's start with his comments on drug pricing speaking at the jpmorgan morgan health conference, ken frazier telling cnbc the current rebate system for drugs is in serious need of an overhaul. >> i think that's really broken, if you want to call it that, those rebates are not passed on to consumers, as is the case with hospitalizations and with physicians visits. so we think what we have to do is get some of those rebates which are the product of intense negotiations with the supply chain on to the people who need it at the pharmacy counter >> frazier also talked about the impact of tax reform on merck. >> it will allow us to compete on an even basis with our ex-u.s. competitors. as it relates to capital allocation, i don't think it will change a lot in the immediate future we'll continue to spend money on the science as we've always done we'll build plants, we'll hire people where business expands. >> frazier also talked about his public f

maria: our thanks to merck ceo ken frazier. "wall street week" comes back in one moment.ning a small business is demanding. and that's why small business owners need more. like internet that's up to the challenge. the gig-speed network from comcast business gives you more. with speeds up to 20 times faster than the average. that means powering more devices, more video conferencing, and more downloads in seconds, not minutes. get fast internet and add phone and tv for only $34.90 more per month. comcast is building america's largest gig-speed network to give small businesses more. call 1-800-501-6000 today. maria: a look at some of the events coming up that could impact your wallet. the markets are closed monday for martin luther king, jr. day. then there is a full week of earnings. a huge week for big bank ex. goldman sachs, charles schwab, and bank america. on the political front the threat of a government shutdown looms. politicos have to agree on military spending, perhaps a daca deal. we'll see if that includes the funding for the president's wall. join us the founder

maria: our thanks to merck ceo ken frazier. "wall street week" comes back in one moment.easy to think that all money managers are pretty much the same. but while some push high commission investment products, fisher investments avoids them. some advisers have hidden and layered fees. fisher investments never does. and while some advisers are happy to earn commissions from you whether you do well or not, fisher investments fees are structured so we do better when you do better. maybe that's why most of our clients come from other money managers. fisher investments. clearly better money management. maria: a look at some of the events coming up that could impact your wallet. the markets are closed monday for martin luther king, jr. day. then there is a full week of earnings. a huge week for big bank ex. goldman sachs, charles schwab, and bank america. on the political front the threat of a government shutdown looms. politicos have to agree on military spending, perhaps a daca deal. we'll see if that includes the funding for the president's wall. join us the founder of privat

an interview with jamie dimon and ken frazier and heather b recollection sch. but first look at the headlines from main streets to wall street. the dow jones industrial average, the nasdaq and s & p 500 reaching uncharted highs once again. friday a big day for financials, jpmorgan, wells fargo and blackrock reporting earnings. blackrock had a solid report beating the street, raising its quarterly dividend by 50%. oil at $70 a barrel for the first time in three years. analysts pinning the rise on oil spries. that's bad for drivers. the e.i.a. announced gasoline prices will be on the rise with the average pump price reaching 2.63 a gallon. walmart announced this past week it's raising the minimum wage to $11 nationwide. it's also spring every hourly employee with a one-time bonus up to $1,000. visa announced it's raising its 401k match to 10% of base pay. bitcoin having a digital rollercoaster week. a south korean 0 officious announced his government is going to ban crypto coin currency. but it's 1,000 percent increased since january of last year. apple's battery

our meg tirrell out there speaking with ken frazier.thank you, both. >>> it's time for now for a cnbc use up in date let's get over to sue herera. >> here's what's happening at this hour. criminal charges dismissed against a nevada rancher and sons accused of leading an armed uprising against federal authorities in 2014. the judge ruling federal prosecutors disregarded the constitutionaldue process rights of cliven bundy and his two sons. >>> mitt romney was treated for prostate cancer last year. a romney aide saying the cancer was removed surgically and nofon not to have spread the news comes as romney decides whether to run for the seat that will be open when orrin hatch retires. >>> united airlines is eliminating, you heard it right, eliminating second checked bag charges on travel to and from china and hong kong. this is on all routes from north america. the airline will offer two free checked bags starting today. >>> in the sports world the chicago bears named a new head coach. 39-year-old kansas city chiefs offensive coordinator m

an interview with jamie dimon and ken frazier and heather b recollection sch. but first look at the headlines from main streets to wall street. the dow

i will be speaking at the ceo of merck, ken frazier courtesy of myelin, have airbrushed from the ceo celgene, mark ailes in a sea of quest diagnostics. also next our therapeutic ceos here as well. big three hours ahead. you don't want to miss a moment of it. we will be right back. the day after chemo might mean a trip back to the doctor's office, just for a shot. but why go back there, when you can stay home with neulasta onpro? strong chemo can put you at risk of serious infection. neulasta helps reduce infection risk by boosting your white blood cell count, which strengthens your immune system. in a key study, neulasta reduced the risk of infection from 17% to 1%, a 94% decrease. applied the day of chemo, neulasta onpro is designed to deliver neulasta the next day. neulasta is for certain cancer patients receiving strong chemotherapy. do not take neulasta if you're allergic to neulasta or neupogen (filgrastim). ruptured spleen, sometimes fatal as well as serious lung problems, allergic reactions, kidney injuries, and capillary leak syndrome have occurred. report abdominal or should

industry is, quoting getting away with murder last january to attacking merck for pricing after ceo ken fraziertepped down from a presidential council over the summer in august many folks i have been talking with including last night during the speech thought trump's rhetoric started to lose effect since he's been calling wolf all year saying he'd bring down drug prices but not doing anything about it today warnings about complacency saying it ranks too high to be forgotten. we believe both dems and republicans will keep the issue alive in 2018. he expects another set of hearings on drug pricing to happen before the summer alex azar said he doesn't favor medicare, negotiating drug prices directly. of course he was just confirmed a couple of days ago now he's dealing with a scan dam of losing his cdc director after this tobacco stock issue. >> apart from the fact it was a rare moment last night where both democrats and republicans applauded together, that's number one number two was the idea -- and it is a really resonant point that americans are angered that the same drug in france, spain or wh

we'll talk to ken frazier tomorrow. almost more consolidation in this area. for merck to compete with some of the other major cancer operations out there, it could mean an acquisition in the future. i want to get your take on this other story today. two major apple invest there is calling on apple among children, teenagers. the california state teachers retirement system cajoling about $2 billion in apple stock and they are the ones to develop more sophisticated parental controls to study the impact of overuse of mental health. here's the first, sean parker had to say about this last fall about the impact of social media and children's mental health. >> god only knows what it is doing to our children. exactly the kind of thing that a hacker like myself would come up with because you are exploiting vulnerabilities in human psychology. >> pretty interesting and unusual that this is the kind of campaign that is coming out now from apple shareholders. dagen: absolutely. you see a major investor trying to get ahead of a looming problem. there have been studies don

that reflected in some analyst notes coming out of the conference we also talked with merck ceo ken frazierhat company's pipeline and what's going on with drug pricing. we think we to get some of the rebates, which are the products of intense negotiations on to the supply chain, on to the people that need it at the pharmacy counter >> what frazier is talking about, there are rebates and discounts paid back to the pharmacy benefits mrgsz, and that's been a big topic of conversation in the industry are the rebates going trait straight to the companies or are they getting stuck in the supply chain? that will be a big topic of information with manufacture our guests news to point out this morning, late last night, illumina that driving that stock up let's bring in doctor christiania barton at -- and mpm capital. doctor, you are an expert in a lot of cancers and blood cancers and i would like to tap into your expertise there in terms of, you know, what the landscape is -- what we have right now and in the future for drugs like that do you also comment on whether you should buy hospitals or manag