unh today. thanks so much. appreciate the time today. >> meantime, our next guest says the pressure on tech threatens the market near term setup. joining me is katie stockton. katie, great to see you. we have been, i guess, in this sort of choppy range. leadership has been flagging a little bit. low momentum for maybe six weeks. how do you think it resolves here? >> i mean, december was a really rough month in terms of market breadth and also the momentum, which has fallen off not just for tech but more broadly. so we do think that we're already in the midst of a corrective phase. we think it probably has a few more weeks to it if not longer. based on what we're seeing and our intermediate term metrics. that loss of upside leadership especially from the mega cap growth segment of the market is an issue. tech has such a huge footprint, 33% or so within the s&p 500. really it's only year to date, so meaning this year, january, we have seen the ratio of the technology sector spider etf break down, break a short te

when it comes to unh overall, the focus has been on this medical loss ratio.ou've had seniors accessing the health care system again after a pause for covid perhaps. it seems like it would have been a long time. in doing so, well, you know, when you don't get health care for a year or two, things tend to get worse, so there has been a higher level of cost associated with that and many of the insurers have been dealing with that certainly in their medicare advantage programs. you had 87.6%, i think, was the medical loss ratio. 86 and a quarter is where the am lists were br estimating. the tone and tenor of the call itself would be important to where the stock trades this morning. >> they maintained guidance ratios, but missed on the top line on the insurance and managed care business, miss on the optimum business. not substantially. they're still growing. they're also coming off a very strong year in terms of profitability and results. as far as what they could be facing, you know, on capitol hill, look, it's hard to know what the health care plan looks like un

i suspect unh will have an excellent quarter. what can i say? these stocks probably are going to work. the close, results from one of my favorite companies, jb hunt. i see this as a barometer business. it breaks down the strong and weak parts of the economy line by line by line. look at the positive reaction to delta this morning. keep in mind when you get strong earnings like from delta, they can indeed transcend the market's negative gravitational pull. finished up 9%. on friday, i'm watching for slb. that's we see rising oil prices. that's not enough to turn around the fortunes. it has been down in the dumps for a year and four months. i think the company might give us a more positive forecast given there's more drilling optimism around even as it's an international company. if you are a bull or trying to make sense of the market that goes down on good news, all i can say is that the stock market may seem like it's reacting inappropriately until you see the bond market. explain everything by the direction of interest rates. that's the key to

the stock is up 4.44%, your take on unh. >> yeah. i think it needed this good news. with the horrible shooting with brian thompson and that was only one reason of why it brought it down. it brought out exposure on how they were okaying payments for some of their procedures, and that people were worried they would lose a lot of business because of this. the stock was oversold and it bounced back and it was only a technical bounce, but now we have good news, and so that, i think, it will help the stock and it will help the stock hold up because let's face it, the market is in an uncertain area right now and people are looking for defensive areas and health care is certainly one of those and unitedhealthcare is one of the leaders in that group. >> let's move along to abercrombie. for all that we hear about the strong december retail spend and the shopping season, the stock is down 17% and they even had decent holiday shopping demand and raised their q4 profit outlook and apparently that outlook wasn't good enough. what do you do? >> i have a little surprise about the si

slowly adding, building out, unh position. love eli lilly. so much controversy there and glp-1, early innings. you want a barbar. things that worked, pullbacks, buy those and buy down and outers. >> last point? >> i like the mag seven and think small caps are a lot -- small caps a lot different from stocks 8 through 500. i'd sea inauguration didn't see ceos 8 through 500 sitting as close as the vice president. i think you don't want to bet against the big seven stocks having good earnings. own market weight that group at least. pick elsewhere. don't be negative on those companies in this environment. >> seen for fruits of that in the last 24 hours. thank you all. stephanie link will stick around. we want to get more information about that announcement at the white house yesterday, which did send oracle shares higher and everything else in the space also. kate rooney is following that along with new reporting how it came together including the very complex personalities involved in all of that. kate? >> reporter: yes. we have more reporting wl

and unh dropping more than 6%.ting earnings estimates. >>> bitcoin clinging to the 100k level just days before president-elect donald trump's inauguration. and a new way of a digital currency valuation could be on the way. strive asset management filing for a bitcoin bond . the fund would primarily invest in bonds from companies like microstrategy, which now holds 450,000 bitcoin. strive's ceo is here with us on set for more. matt, great to have you with us. >> thanks for having me. >> i assume it's a pretty concentrated portfolio, then, since there are only a handful of companies that actually do that. >> yeah, so, to start, there's only a handful of companies. the tam of these companies, of the convertible bonds is about $10 billion. but interestingly, when you even look at those companies, or companies that have not issued these convertible bonds, there's a lot of desire, so, there's a lot of desire for more supply, if you think about econ 101. there's also a lot of demand, clearly, from retail investors that ha

>> well, actually, i am long these stocks in unh. things you want to look at here. it clearly is a lot of public uproar about this right now, and that will continue with the model, but you're really coming off and utologicalization coming back after covid and the exception is going to be 23, 24. and capacities have resumed and back to normal in hospitals and pricing has been impacted in medicare and medicaid over the last two years. as you're rolling that forward you're going to see i think more appropriate benefits levels, more appropriate pricing. so you're really kind of coming out of the cycle in a noncyclical industry. so that's a positive. i do think a.i. is, though, a very significant disrupter to this industry. >> you're making your move. good idea. >> hey, lance, i've got one final question for you. we often blame the health care complex. how much do you blame the employers? because the truth is these companies that we're talking about are denying these claims oftentimes -- oftentimes -- almost all the time on behalf of the

we've got the dow higher thanks to unh, adding 104 points on its own. technology is lower. it's such a big market weight, it's why the nasdaq is down 1.24% here in the early going. tech, communication, services all weaker. some of the usual suspects, the big winners last year, super micro down 6.5%, palintir, nvidia all weaker today. there is strength in the cyclical groups, energy is up strongly on the price of oil. materials, health care, industrials, financials and real estate are higher. take a look at treasuries. this has been one of the headwinds for stocks lately. we'll talk about global wields in a moment. the ten-year is elevated again, $477. the two-year is lower. the 30-year just below 5%. i mentioned energy stocks outperforming, up almost 2%. oil rallies to its highest level since july on a fresh wave of u.s. sanctions on russia's energy industry. we are 30 minutes into the trading session. nvidia, i mentioned, shares falling after the biden administration announced new restrictions on ai chips. those new regulations will cap the number of a

attempt at a little bit of a trade for healthcare and it worked to some degree, but yesterday, between unh and the nasty stock reaction, today, lily is the big momentum named in healthcare. it is down 2.2% on those concerns about medicare negotiating prices point >> and novo. eli lilly's own obesity drugs wouldn't be eligible for that distinction until 2029. but still, obviously, that affects the entire sector as far as what else is moving out there. not getting a big boost on meta- , which is interesting, given the headlines around tiktok. we are going to talk to frank mccourt in the next hour, which is one of the insts thveorat wants to buy the u.s. tiktok business to try to prevent it from getting banned in the u.s. money movers starts after a quick break. “hero owl saves money!” use your vision insurance for exams, glasses, and contacts - all at america's best. i didn't do this for the lights. or the fame. i did it to pay it forward to the next generation of athletes. and pass on the support my family gave me. i believe in sofi because they give the same support to millions of members.