unh will be on the hook for all those expensive procedures that were postponed is unh still worth buying drill down, do some analysis let's start with the most important piece of the puzzle, how unh is handling the pandemic right off the bat the company tells us they earned $3.72 a share, 9 cent beat not many companies beat by that much they reflect minimal impact from the covid-19 across the u.s. given various factors that only emerged late in the quarter. end quote. the last couple weeks of march they started seeing the dynamic i already mentioned. a lot more claims for the coronavirus, but far nfewer claims for nearly everything else before the quarter some were worried unh might withdraw its full-year forecast because that's what so many other businesses have done by the way, i said something i favor because i want to get out of the guidance business for companies. unh didn't do that instead they maintained their full-year earnings guidance. that's remarkable. although maybe we should have seen it coming johnson & johnson delivered a great quarter because of the weakness in medical d

cindy: oh, unh-unh. lemonis: unh-unh. cindy: you don't even want to take a finger.s! guys! safe drivers save 40%!!! safe drivers save 40%! safe drivers save 40%!!! that's safe drivers save 40%. it is, that's safe drivers save 40%. - he's right there. - it's him! safe drivers do save 40%. click or call for a quote today. hey, our worker's comp insurance is expiring. should i just renew it? yeah, sure. hey there, small business owner. pie insurance here with some sweet advice to stop you from overpaying on worker's comp. try pie instead and save up to 30%. thirty percent? really? sure! get a quote in 3 minutes at easyaspie.com. that is easy. so, need another reminder? no, i'm good. reminder for what? oh. ho ho, yeah! need worker's comp insurance? get a quote in 3 minutes at easyaspie.com. social distancing doesn't have to make us socially distant, right? i mean, humans need other humans. even if we can't stand closer than six feet, or touch each other. there's still ways to...touch each other. like picking up food, or supplies, or, dropping them off.

million, and i think he should -- he should do it that way, and i think you and i should -- lemonis: unh-unhr is my best offer all the time. really? wait, right here. john: let's call it $1.5. lemonis: [ laughs ] aw, come on. mike: that's what he's good at. john: let's go a little bit more. let's get back to the first -- closer to the first deal. lemonis: i was looking outside. could you see me looking outside? amber: yeah, i can. john: come on, let's go -- let's go closer to the first deal that we should have done. lemonis: yeah. john: yes. [ laughter ] mike: you're all, "i did it. i sold him." lemonis: no. john: [ chuckles ] that sucks. [ laughs ] "that sucks." mike: "that sucks." lemonis: that was one of the more fun negotiations we've had. amber: yeah, it was, definitely was. john: this is all wrong if this is all we have. that corner's wrong -- mike: no, but we have lots of pieces -- candi: i think that's perfect. john: what we have here isn't working. mike: i should have told john, just, "you got to leave, take a coffee break." lemonis: i wouldn't have let him take a coffee break. mike

lemonis: unh-unh. it doesn't cost a million dollars.: if it doesn't work out, he loses his total investment. it's a bad, you know -- it's a bad situation. lemonis: okay, jimmy, here's the deal. it doesn't take an expert to know a few basic things, like keep your place in order and keep it clean, and if you say that it's not your business and it's dante's, then put your foot up his ass and make sure that he keeps his place clean. it's time to start treating dante like a business owner, not a kid playing one. so maybe you're coddling him. jimmy: but i do know the burden he has. lemonis: what's the burden? he's a business owner. jimmy: yeah, i know. lemonis: join the club. so, dante, i want to try the food. dante: yeah, yeah, yeah. lemonis: let's grab a menu. dante: sure. ♪ lemonis: okay. waiter: all right. ravioli. lemonis: any time i go into a business, i want to understand the people, the process, and the product, but now i want to do the most important thing in a restaurant, which is taste the food. good portions. dante: oh, yeah. ♪ ♪

a lot of attention on unh 15 the state of california has distributed 3.944 million dollars. close to $4 billion of unemployment insurance has been distributed. 3.94 billion dollars. interestingly and coincidentally the 3.9 million individuals just since march 15. i say that to make this point. none of us are nacve about the responsibility we have as a state and as administration to make sure that call-center gets cleaned up and we do more to continue to process those claims. almost $1 billion of claims since sunday have been distributed. just giving you a totality of what is out in the millions that have been processed and just the number of weeks. we had over 1300 people i announced that reed ll over a week ag we got nes week from 8:00 until noon and we are continuing to process claims and address the anxiety around eating access to an individual, a human being answering the phone. we are adding a few hundred more personnel to that task and we have some business process improvement strategies and organizing with culliver california, a lot of best practices taken from their

actually give a forecast that's why johnson & johnson and united health are seeing stocks take off unhlth care incomes. intel sz a oil business with mobile on it but they sounded so sorrowful. it's no wonder the stock temporarily dropped after the call that was a mistake you had to know a lot about intel to realize they were being too down beat themselves i thought the same way about target yesterday the ceo transformed the company into a brick and mortar survivor he has an incredible digital offering with delivery and pickup service the digital group was up 275% he talked about weaker margins, apparel sales. shopify went to an all time high on the same thing. a t ceo of target should have come in hot talking about how target's building life-long customers by taking share from shuddered competitors. get the point across the lifetime value of a customer who sticks with you is more important. i knew not to be down beat that's why i screamed at you up and down to buy the stock at target on "squawk on the street." you made $5 if you did go listen to rich alison, the town and ceo of dominos

when it comes together, it will look like -- okay, let's call it unh. >> i'm going to tell you what wehat we told everybody we were going to deliver on march 3rd when we talked about the combined forecast we said we would have corollaries adjusted somewhere in the high 80s to low 90s we came in at 91 cents less the 5 cents which was the loss of interest income which nobody could forecast growth is up there our balance sheet's incredibly strong a lot of liquidity in it we're really well positioned as we're growing it the business is growing. we're managing the medical medicine we're meeting and taking care of the population that's really very vulnerable. and i'm just kind of proud of how the company's done and we commented, we left the earnings as-is until we get more definition it's going to be choppy quarter to quarter >> but you're absolutely right in march, the only thing that changed was the fed took rates down dramatically which was not something anybody could foresee. >> right >> you used the word -- i'm proud of you, you used the word. you've been around like we've been around.

unh-uh. - nope? harvey: your feet are a mess because you jump around that stage.ts. and you had hep c. you had chemo for a year. i did. i went through the whatever it was called back then for 11 months. it was hell. but, you know, i was 40, and i got through it. and i got a new knee three years ago. so, i'm bionic. i'm just gonna keep going. remember, it's how you think in your mind. last year, you said you had some mysterious thing that kept you from a couple of concerts. - oh, um... - you never said what it was. you know, when you get a little bit of gray, most guys have trouble peeing. so i was on this drug called-- you know what it is. - you're on it. - i'm not on it. - yes, you are. - no, i'm no. you will be. what was it called? what the hell was i on? - flomax. i hated it. - how's your pee stream? uh-- oh, now? i go, "aimee! come here, look!" over the hill. what was that hotel down there? and people are going, "close the window, aimee!" it's ridiculous. over bushes. in the morning, over this banister. um, and it was just that. showin' love for these girls! j

some of those questionable high yield bonds of the fed if it has to we get results from united health, unh. this is the most important managed care company they call it health care insurance company. great company. wall street didn't care about it when there was some chance bernie sanders would become the democratic nominee going to war with private insurance now that's off the table it makes a difference. pandemic will be tougher to manage earnings. it has a lot of levers i like the stock >>> thursday we hear from abbott labs they keep saying they need coronavirus testing before we can reopen the economy that's why we need to rely on abbott with the five-minute test no pain, then bingo. they're producing 50,000 in the day. i want them to ramp up, so does everybody else we have to get to at least 500,000. 500,000 at least so people can feel confident go out and do things abbott is a fabulous company i think this test is a game changer. if they make enough of them. long-term favorite company, robotics, da vinci, surgeries being postponed, not so good for intuitive. friday, it's schlumberger

nuh-unh. mnh-mnh. let's stay on the sauce, lady. where do they go from here?e distributor picks them up and takes them to publix, whole foods, milam's, and then i'm at fresh market. lemonis: just in the florida market? south florida? ana: yeah. lemonis: what's the price point? ana: publix has it at $4.99, fresh market has it at $5.49, and whole foods has it at $5.99. lemonis: how long has the company actually been bottling and selling? ana: 2013, i think, was the first. lemonis: so, it's been a while. ana: i know. i think i haven't grown it like i should have because i didn't want to put the company in debt. lemonis: how much money have you invested? ana: probably around $50,000. lemonis: okay. how many employees do you have? ana: everyone's part-time. lemonis: no full-time employees? ana: no. and i just moved to an office, like, two weeks ago. lemonis: i like the fact that ana has real skin in the game -- $50,000. that's doesn't include the amount of money she passed up on by not being a lawyer. she's really committed to this. so, i want to take you to my fri

dow was boeing you had a number of dow components down more which led the tao to have outside loss, unh chipping away. s&p down 8%. the losses were pretty widespread with all the sectors ending in red. energy the hardest hit financials, industrials, materials and real estate hit hard nasdaq holding up better than overall market a as it has been doing down 1%. russell index small caps, it's been underperforming all year, down 1.29% we have earnings of a the bill ibm set to report quarterly, any minute instant analysis of the numbers as soon as they are released and of course what matters to investors right now amidstream uncertainty of covid-19 and impact on business. joining us to talk about the market today, iq capital's keith bliss with us, pavel molchanov to discuss the collapse in oil prices the story of the day with front month contract going negative on the price of crude over for the first time ever first, mike, i'll send it back to you for some commentary on what we saw throughout the trading day today. >> the market has fatigue hampering it right now interestingly where it clos

. >> you're right by unh for sure, beat by 9 cents. they keep their full-year guide.e other downer in the wake of that opec plus deal. a teenager once again. now the iea is saying that storage, we've been talking so much about at what point storage could reach capacity they're talking in the coming weeks. >> isn't it funny exxon did that big deal you say why do they do a big bond deal if oil is going to rebound? they knew. the companies to watch are these pipeline companies just dreamers. you take energy transfer, a gigantic one it yields 20%. is that sustainable? no i do not think it is how about kinder morgan -- sorry. that's how itwas pronounced in washington yesterday can it work? i don't know these pipelines are owned by used to be rich people i say used to be when they bought them they were rich this is the group that crushed rich people. i think distribution will go down dramatically. it's something to watch. people started talking about wealth effect. these stocks are owned by the wealthy. they've been a disaster. >> guys, on the subject of oil and gas, a name

unh leading the dow.s pretty much hovering around the flat line and the outperformance of technology being reflected in the nasdaq which is up a little more ththa% stay tuned for this coverage and... let's get started. (music fades in) hey! -hi! ♪ ♪ ♪ ♪ >>> bob talks markets this morning as we are, bob, almost through the first full week of our earnings season. where do you think we stand at this point >> well, the good news for this week is that the intraday price swings we're saying in the s&p are much lower than they were, and it's been declining every week for the last couple weeks now. the volatility is lower. the price swings are lower the vix is still north of 40 that's significant, high and it doesn't show any signs of dropping i think there's good reason for that yesterday we were talking about the fact that the first stage of this was the panic phase all the way from february 19th to march 25th at the bottom. and then we had this sort of rally phase, the relief phase, you can call it. now we're