major mergers under the health care insurance giant united health talking to at now.i'm talking to cnet. what does it mean for investors? we will take a closer look and checking stock futures ahead of the opening bell. data features that 95 this tuesday morning. you are watching "fbn:am," your first look at morning markets and breaking news. ♪ sandra: breaking news this morning. goldman sachs heading from wall street to main street. one of the biggest investment banks down lending you money. a hockey dynasty born in chicago as the blackhawks take on the stanley cup. will have the highlights. awaiting any news on greek debt talks. futures now lower. dow futures down 93 points. good morning. i am sandra smith joined by transfixing nicole petadilles. welcome to "fbn:am," your first look at today's markets. the latest breaking is and what to expect that they had. looking at the major change to goldman sachs business model that affects everyone out there. nicole: you need 15 grand, don't worry, there's an app for that. go online and get it. sandra: i want to know more. lau

reportedly rejected a bid of $175 a share from anthem the nation's biggest blue cross operator whiw united health the nation's largest insurer is eyeing the connecticut-based insurer. but the ceo and the board also want to grow their medicare business after acquiring medicare provider health spring three years ago. just last month cigna was said to be among the suitors for medicare giant humana which was reportedly also being quartere aetna and anthem. >> cigna paid the right price, woint put that deal out of the question. i think humana is clearly seeking certain valuation and more than one suitor at the table with cigna and aetna reportedly rumored to be in the mix, you know anthem is clearly in the mix as well. as far as the cultures of cigna and humana and the management teams, i think there is a fair degree of compatibility. so for the right price, you know cigna could be a buyer or a seller. >> susquehanna analyst describes the insurance sector right now like a big game of pac-man. if cigna is acquired by anthem that means that humana will likely go to aetna for a lower premium. but if cign

and thumb, united health care, they may go after each other. ♪ good morning. i am olivia sterns.k: i am erik schatzker. mostlyequities trading flat now. there are some movers at the top of the morning. we get that from julie hyman, starting with monster beverage. have added to the u.s. sigridist over it analysts who say they stock is considerably up. city says there will be outside growth in both ebert and sales. shares of about 4%. they are among one of the best performers in the s&p 500. we also watching shares of the cody won theany auction over procter & gamble shares. the company that may have been left out in the cold is henkel 's, which apparently lost the bid. we are waiting for confirmation. on the negative side of the rentals, which has been volatile. it was downgraded to an with the company likely to lower its rental rate and utilization rate in the next quarter or so. , the truck maker, down about 8%. terex is following suit. that is after oshkosh came out with news, cutting its third quarter and full-year earnings forecast. it seems the equipment, pedroia access equi

united health care might be considering a bid for cigna or aetna.line is they're all in play at this point in some way or another and they're all moving in different directions. humana had a pop up when there was talk about their involvement in this. procter & gamble has had a horrible year it's up a little bit here. there's a report in the new york post that coty may want to buy prorkter and gamble's beauty products. this is not confirmed. coty is up about 14%. finally the fitbit ipo which i've been excited about just got a lot more exciting overnight. they increased the share size. so fitbit is scheduled to price wednesday night. trading here thursday at the new york stock exchange. we had until yesterday 29.9 million shares at 14 to 16. suddenly it's been up. 34.5 million shares at $17 to $19. that's a big jump. the demand is strong because this company is growing fast and it's profitable. 2011, this is one example. they had $15 million in revenue. now in the trailing 12 months they have $970 million in revenue and they're profitable. they have $

there are important conversations going on in the insurance market with united health, anthem, cigna. we've got burwell, issues of the cadillac tax. so health care, quite sometime after the affordable care act is passed is what might be described as a little turmoil. with us today we have two ceos of models in health care that are so admired to they are often exported, and they are looked at in the rest of the world as something to achieve, something to strive for. i want to start with mr. tyson from kaiser permanente in oakland and elsewhere who actually just told me he just came back from china where they're interested in talking with him about how do they cover their billions of people. at kaiser you've got, i've just learned, ten million under coverage right now. this is a system that has gone -- it was among the first to embrace electronic health records. again, as a model to deliver affordable care at high quality. if you could kind of give us the secret formula, what are the basics that enable you to do this, be exported into a system that everybody can get? >> thanks. it's gre

>> well i think the only player is united health care united health group. i won't be surprised to see a deal between cigna and aetna and the other three. ultimately, i believe the key targets will be will you mania, aetna and cigna as being smaller players in the industry and needing to become bigger themself aetna is sizable. i think they're pretty much the driver of what they want to do from an m na perspective. they have the cash the capital. so the other three look like they may need to make a deal here at some point. you probably will see anthem buy cigna, aetna or humana and then the other two that are remaining there the other two smaller ones will probably american at some point. >> sounds like a jump off for now. thank you for joining us. appreciate it. >> no problem, thank you. when we return this morning, platinum portfolio manager jim o'shaughnessy. plus, oil prices nudging higher this morning. we will talk to john killbuck all about i. up next could we be in the mix of a grand slam run? jordan spieth is 2 for 2 when it comes to the majors, his

the ride raises money for the united health care children's foundation which provided this deo. helps families pay for services not covered by insurance. the ride caps off with entertainment and food. looks like a great day. tomorrow on abc 7's world news tonight airs at 3:30 follows by dubs on 7. abc 7 is the only place to see the warriors in game five of the nba finals followed by our special edition of toyota after the ge. then jimmy kimmal live, scaal at 10:00 and abc 7 newst 11:00. i do believe we will be at oracle tomorrow. >> we'll be here. see you at 11:00. ♪ welcome to "45 years of pride". san francisco pride turns 45 this year and we're right here on polk street where it all began. in 1970 was the ve first pride parade celebration and it was actually a protest. polk strt is home to what we called transsexuals back then and "hair fairies" were thvery first ones here in san francisco to oanize a parade or a protest. we're in front of the cinch bar which ishe very last queer bar here on polk street. so, we'll hang out here. tonight we have human rights activist cleve jone

united health care is looking to take over at net or cigna.ll expressed interest in humanity bloombergs and hammett is here to explain it all. i've never seen anything like this before. 8 not ated: not at this kind of pace. erik: we are talking about $300 billion in market cap in these companies. ed: i think what is fascinating is that we have gone from a situation where there is nothing going on in health to everything going on. i think from the beginning of 2013 until about three weeks ago, $1 billion worth of announced mna and u.s. health insurance. and now we have in the space of three weeks, we have apparently everything and play. erik: we were tried to figure out during the commercial break who is likely to be crowned, if you will. it seems on the basis of what the numbers show that united health, with a market cap of $113 billion and a decent people to -- p multiple, they are in the best position. ed: they are strongest, but they do have some limitations. they can't by humana because they were be too much overlap and exposure to publicl

tell tell. >> tell us about that. >> we're built into united health care now. >> built in means what?t in means iffer the companies that united serves as a tpa, a benefits administrator, we're now on the menu. if a company that used united to administer says we'd like telemedicine, they get dr. on demand. starting in january of '16, if you're part of their fully insured books of the 8 million or so lives they're at risk for, dr. on demand is a covered benefit, meaning you can use it for free or cheap. >> how do you make your money off this? >> our business model is simple. $40 for a visit, period, end of story. >> you share with the doctor. >> the doctor gets about 30 and we take about 10. >> and that's enough to have a thriving business. >> it is at scale. at low volume makes no sense. it's really expensive, we lose money. any kind of reasonable to high volume, we're in shape. profitable. >> how did you get comcast? >> we went in and pitched the benefits group. comcast has an incredibly forward leaning, very open to technology -- their mission with the comcast benefits team is to pro

it comes as united health group and anthem are also planning to expand virtual doctors service. >>> thesecret to a good night sleep may be about changing attitude and behavior. researchers say with therapy, patients entered sleep 20 minutes faster and efficiency up by 10%. one of the worst things you can do is stay in bed if you can't sleep. as for sleeping pills, researchers say they may be an easy solution but they do have side effects and can be addictive. >>> the country has a new poet lariat and it's a first. juan herrera is the son of a california migrant worker. here he is reading a pomona. >> three dollars and upside- down lemons and you [ indiscernible ] skateboard of dynamite oh, what to do. >> herrera says his poems reflect his mexican-american identity, farm communities, time spent in san francisco's mission district during the beat movement in the '50s. the 66-year-old lives in fresno and may be the first latino as america's poet in chief but he has been california's poet lariat for the past two years. >>> a manuscript for the new "fifty shades of grey" has been stolen. the

the ride raises money for the united health care children's foundation which helps families pay for services not covered by insurance. the 100-mile ride does have stops along the way with entertainment and food. looks like a win-win for everyone involved. that is it for abc7 news at 6:00. thank you for watching. see you again at 9:00 and 11:00. (narrator) imagine wiping away the appearance of crepey skin. on your arms on your legs and even your neck. what would your reaction be? -can i look now? -yes. are you serious? oh my goodness! (narrator) and now a paid presentation for crepe erase, a breakthrough targeted body treatment brought to you by trusted guthy renker, and featuring emmy award winning actress jane seymour figure skating legend, dorothy hamill and everyday women whose lives and skin are being transformed with crepe erase. i never thought i'd have my mother's skin. chicken skin. it looked like an alligator handbag. scaly. icky. i had the turkey neck. and i started purchasing turtle necks. even in the summer. oh my gosh i have crepey skin. i'm like, "how old am i?

united health approached aetna about a take over deal worth $40 billion. journal says it's unclear how aetna responded. cigna shares rallying on reports that anthem is interested in buying the firm for about 45 billion dollars. now on the buyout speculation keep an eye on cigna. it did close higher by around 12% in yesterday's trade. >> nice sea of green behind you there. m&a just continues at pace. >> true. >> let's move on. gap once claimed the title as the world's largest spes y'allcial retailer. the company is announcing a major overhaul but hopefully not closing all of their stores. let's get out to landon with all the details from cnbchq. >> hey, good morning to you. gap plans to close about a quarter of its name sake stores. the second round of major cuts in the past four years. they'll shed 175 locations in north america although it's unclear how many job cuts will result from that move. gap is eliminating 250 jobs from its corporate office. about 140 stores will be closed this year leaving gap with 500 stores in north america and will also continu

when they noticed what is going on as far as competition with the inclusion of the program for united health care they brought the number down so we don't have to discuss the lack there of of that i wanted you to know this is a process i did not -- they said can we offer you something else so they offered national ppo which is full access to full ppo doctors around the state and the country just as an actuary respect to the board why is this cheaper when you have something that is a smaller network and more highly managed? that is usually not the case for the programs they're more expensive than advantage programs you have the optimum program that brought the highest level of management with the limited network with the limit of egg whip our drug benefit that has lowered the cost so much when you couple that with the piece the medicare pays and what you have to support medicare primary your secondary what that has does is lowered the structure where it's highly competitive in the marketplace that is the general reason why this is cheaper. with that being said on page seven is our standard co

some other deals on the table might change the dynamic and might make them more competitive with united healthlion if not more. >> it's happening all across health care. it's not just you're paying attention because these are the $40 billion deals. but everywhere in the hundred million dollar and ten billion dollar, these are happening. >> because they put a price control essentially equivalent on margins. right? you can only be profitable at a certain amount. therefore size is the only way to get more profitable, right? >> in the last two years it's been a boom for these companies. >> and there's a tremendous inefficiency out there, truthfully. this is i think, ultimately helping. it's just something we're going to have to -- for those who want to break everything up into small companies, it just doesn't work that way in health care. >> right. talking about valuations of the health care companies, some are at the top of valuations recently. you spent a lot of time in tech. we haven't talked about the unicorn phenomenon this time around. are you worried this whole market in tech is about to fa

united health the largest u.s. health insurer also reportedly made a bid recently for humana.ng for deals to allow them to be more sufficient and respond to changes under obama hair. humana up 3.5%. >>> as we go to break, let's remind you. headlines. global market rallies as optimism builds for a greek deal. >>> the cyberattack for the chinese administrative level access to sensitive files. >>> and 75% of republicans say they could support jeb bush for president according to the latest "wall street journal" poll. >>> the president of the e.u commission jean-claude juncker has been playing out expectations of an imminent deal with degrees. following talks in brussels he said progress was made though the two parties are not, quote, there yet. steve is live in athens with the latest, steve. >> reporter: yeah thanks very much indeed wilf. we're getting details, we understand that yes, 23% of that could roughly be in terms of buying 30. for energy. 6% for medical. the final deal likely the time and age raised to 67. these are bits and pieces which are nibbling us to warn the deal.

united health care shares are spiking on a report out of dow jones saying the health insurer is eyeings just after the "wall street journal report"ed that cigna has rebuffed a takeover offer from larger rival anthem. that value is sitting at 45 billion mr. u >>> humana shares are soaring. they are the once health insurer that's not being talked about as possible deal chatter in headlines today. aetna, cigna, united health anthem all moving today. humana shares moving towards their levels. >>> the number of people who can call themselves millionaires just took a big leap. let's bring in robert frank but how many people are we talking about? >> we are talking about 2 million more people that now call themselves a millionaire as of last year that's according to a new report from boston consulting group. there are 17 million millionaire households worldwide today. total wealth of more than $67 trillion. those millionaires control 45% of the world's wealth. the u.s. still has the most millionaires with 6.9 million. china is second with 3.6 million. followed by japan with 1.1 million. china

he has just one week left on the mental health unit. the prospect of returning to solitary is taking its toll. >> i'm aggravated. >> again? why are you aggravated? >> i'm aggravated because the plan i'm on, i seem to try to follow and nobody else is following it right now. >> what do you mean? >> halfway through the... >> narrator: he's just found out he has even more solitary time to serve than he thought. >> that is 50 days. you have 100 days of d time to do. >> yeah, we were cutting it in half to 50. >> no, we weren't. >> we're halfway through 50, was 25. >> no, we weren't. it's 50 days here and then we will meet and discuss where you go from there. >> how the hell am i going through 100? >> because you have a hundred days, you have a hundred days. it says half. you still have quite a bit of d-time to do and you're going to have to serve that d-time. >> yeah, 15 days. two weeks. >> no. >> put me back in my room. i don't need this (bleep). >> you all set? >> let's go. >> listen. >> no. >> no, hang on to him for a second. i would think

>> gregory mclemore has been cleared from the mental health unit and going to be returning to let's gow. >> by the following morning, the nurse has informed correctional staff of her conclusion of mclemore. she believes his delusions were fabricated. >> as i talked to him, it became very apparent that his thoughts were very well organized. i did not see any kind of cognitive deficits that we usually see in somebody with schizophrenia. although he said he heard voices, that's really not a typical hallucination, somebody with true schizophrenia, they are not going to remember everything the voices say to them. they're going to answer very vaguely, like i don't know. his hallucinations were so well defined and in such great detail, it just didn't fit into the typical schizophrenic type of presentation. >> go all the way back to the other wall. >> i think everything he did was a ploy to get done with his lockup time. there's no more talking. he's currently pacing back and forth in the cell right now and doesn't want to talk to anybody. >> i'm cool. i'm back in here. i don't care. >> will y

humana number one, aetna number two, cigna number 4, united health number 5.s and that's the way i'm keeping it. walgreen's and cvs are better run companies. i'm accepting that, i'm stipulate lagt stipulate stipulating it. financials financials. a look back at the week. you better stick with cramer. you wouldn't take medicine without checking the side effects. hey honey. huh. the good news is my hypertension is gone. so why would you invest without checking brokercheck? check your broker with brokercheck. for the millions of americans suffering from ringing in their ears, there's no such thing as quiet time. but you can quiet the ringing with lipo-flavonoid, the number-one doctor-recommended brand. relieve the ringing with lipo-flavonoid. >>> at a moment like this one where it feels like the fed could raise interest ones, werates, we need to search for a company with excellent growth. that's why i'm choosing health care stocks of various stripes because health care is one of the consistent groups out there. if the economy seems shaky, money managers will pay a

up 1.5%.ee 3m united health extending gains for many of the health insurers been on the other hand of we have nasdaq. an particular, the nasdaq 100 and the underperformers we are seeing their include micron, coming out with earnings particular stale. missing estimates by 18%. biggest one-day decline since 2008. yahoo! has been feeling pain today and intel has been falling with micron as well. i also want to take a look at what is going on with rates today. we had some consumer confidence numbers ahead of estimates. if you look at the 10 year, we have seen selling and treasuries. the rates are now moving up 2.47%. the highest we have seen in a little while now for those rates. we had an interesting note coming out from bank of america-merrill lynch about the particularly in the debt market that are going to suffer the most, but all across the asset spectrum. they are looking at fund flows right now. this is a flow that is under percentage of management since 2000 nine. here you are looking at the unwind. the things most out risk our master limited partnerships, high-yield debt. in othe

it's why the only dow stock to move higher to speak of was united health which could be called united states because that's where it works. that's where it dominates. too bad they kicked at&t out of the dow because that one blasted off on a whole village of analyst upgrades and it takes a village of analysts to move that dog out of the bow wow chateau and how painful was it to hear the fed governor say the time is nye. he is bad to bust one rate hike after greece is done but kuwait until it's resolved before you say something? do you know what that was like? hey i know it's only the 8th inning but we got a no hitter going. jinx. wait a second. here's the other issue with the averages. just because we have a negative set up doesn't mean we're doomed because in the end this market always seems to take a page from steven segal's masterpiece hard to kill. it doesn't want to rollover. the reason every time it seems we have a real market wide death rattle on our hands individual stocks wake up to destroy the whole pessimistic narrative. a lot of what happens in this market is about vanquish

you also have united health care. you've got aetna. you also have humana.y all want to do deals as well. matt: it's also kind of a concern. in this day and age, well educated and highly paid executives thanks and merger of equals is possible. thank you, ed hammond. still ahead, it took tennis with less than 24 hours for apple to back down. -- it took taylor swift less than 24 hours to make apple back down. ♪ olivia: taylor swift took on apple and wanted. -- and won. taylor swift wrote ensemble -- she needsthat artists to be paid for the free -- freed a goes to show trial. a goes to show how powerful she is. matt: a former partner in beats by drake is suing dr. dre when they stole designs after the sale of apple for $3 billion last year. it is a fascinating story. claiming, mr. lee is that they push them out -- him out. >> knoll lee runs a company called monster cable and says he is the guy who actually designed and built the famous beats headphones. it turns out they are worth $3 billion to apple. drenowledge is that dr. where the front men and that their c

we'll be watching, alan miller, united health services. >> universal health services. liz: my fault. universal health services. thank you. >> thank you. liz: if you thought new york taxi drivers were threatened by uber. wait until you see how the taxi drivers in paris feel. that protest is frightening and filled with fire! >>> and still no deal in greece as the europeans lay down an ultimatum. ashley webster tells us what's next on "countdown." this is a great place to work. not because they have yoga meetings and a juice bar. because they're getting comcast business internet. comcast business offers convenient installation appointments that work around your schedule. and it takes- done. - about an hour. get reliable internet that's up to five times faster than dsl from the phone company. call 800-501-6000 to switch today. perks are nice. but the best thing you can give your business is comcast business. comcast business. built for business. . liz: a major celebrity caught in this. as french taxi drivers took to the streets to protest uber pop. the online ride service

and them united health group, most of these are being mentioned as potential acquirers and they are risingoday. take a look at the stocks that are not rising -- cigna and humana have both turned lower today. at one point, it was talked about that cigna would make an acquisition offer for humana but now cigna looks like a target that maybe that is off the table but all of this is speculative. popular?s cigna so one of the things we are looking at is the medical loss ratio. take a look at the bloomberg terminal. a medical line is loss ratio and the white line is that appear group. you can get to this through bloomberg intelligence on your terminal. this is health care premium minus expenses. you want this to be a relatively low number, so cigna has a relatively low number here. health care stocks have generally performed very well this year. the 9% gain is the best of groups on the s&p 500 and if you look at where we have seen the deal flow, it's vanda pharmaceuticals which have seen $200 billion worth of deals this year. health care services, about $96 billion, which is down from recent yea

so tonight i want to talk to you about the colossus in the industry united health group. home gamers. two businesses. united healthcare which is the largest provider in the u.s. and then the secret sauce, optem which is part pharmacy benefit manager. part software advisory consulting and business process outsource ugh. the stock of unh has been on a fabulous streak. up nearly 19 percent year to date. almost 50 percent over the past 12 month. 86% over the last 2 years. and monstrous, 2005% gain over the last five years. secular growth. obamacare, the truth is the bill was written by the insurance companies and hmos. it is now the law of the land you have to buy health insurance or take a big hit during tax time. 59 million people across the united states. and think expect to had even more policy holders. the company has used careful analytics to create a line of products to attract consumers and make them money. and in addition is medicare medicaid and military healthcare plans and steadily growing enrollment and revenues. the really exciting part of the unh is the faster

also by hillco partners, texas government affairs consultancy and its global health care business unit hillco health and by the alice kleberg reynolds foundation and viewers like you. thank you. this is rainwater .. collected from the roof and sent through underground pipes into this 1500 gallon tank rainwater collected from the roof flows through the gutters and into the underground pipes. then these hoses. carry water from the cistern to the plants. harvesting rainwater cuts down on run-off into the sewers & could save an average of 50% on your water bill! now that makes sense.

major insurers united health group and anthem prepare to expand their own nonemergency telemedicine services to 40 million people as early as next year. other health matters this may not come as a shock to many. or any. there is a poor sleep epidemic out there. shocker, right? so many people are turning to sleeping pills that they want you to know it's a bad idea. they argue there are side effects and it can be addictive. instead they say to try to relax and focus on getting to sleep. count sheep you know. a simple fix can be as easy as reading before you doze off. alison: sounds easy. i don't know. you may need to buy more carry-on luggage. a trade group is recommending new size guideline for all carry on bags to make sure all luggage fits in overhead bins. they recommend them be 21.5-x-x" 13.5" and 7.5" deep. that is 21% smaller than the size that some major airlines are allowing now. that is a significant change. jonathan: the luggage manufacturers are about to make a bazillion dollars. look can be conceiving with the products we buy on the shore stel of. alison: and john matarese is goin

still face reimbursement pressure moving forward, especially with the of express scripts cvs and united health. iny play a key role determining the pricing for pharmaceuticals. that is outside of the aca. the aca will be a moderate the firmsr most of because you are bringing a lot of uninsured and making sure you are being reimbursed for the services you provide. betty: republicans are not going to give up. they may revive the issue in 2016. even though it seems like a benefit overall, and the issue is put to rest, it might arise again. is there a contingency plan? was somethinghere in play if the supreme court ruled the other way. that does not have to come in to factor anymore. theer-term, looking at political back-and-forth, it comes down to the supreme court and the law. it looks like it is settled. youonly other issue is if have a republican come into office and try to repeal the law. the likelihood of that happening is not necessarily that hide. pimm: thank you very much, gentlemen. betty: do not forget. we will bem. eastern hearing the first reaction from president obama. still ahead on

united health target best buy, general mills and eight others are all based around minneapolis. past past 12 months. not a bad return. san diego is still way out in front. averaging 75% mostly because of biotechs. sara, this is what i teased for you. cincinnati is doing great. up 20% over the past year. you got gains in kroger omni care, and others. >> p&g not so much but kroger has been on an absolute roll i would think boosting that city. >> cincinnati is actually one of the top six6 of the 39 metro indexes we tracked. >>> what do you consider putting your money into sports gambling fund? like a mutual fund? thanks to a new nevada law you actually can. how does it work? we'll explain when "power lunch" returns. >> announcer: the cnbc real-time exchange market snapshot is sponsored by the interactive brokers. (vo) me? i don't just wait for a moment. i watch for the perfect moment. the one nobody else sees. and when i find it- i go for it. (announcer) at scottrade, we share your passion for trading. that's why we give you the edge, with innovative charting and trading features,

we started in united health care would like to add to it or pull back. >> you got horse sense, a wellelped the dow. i need to go to chris in tennessee. chris? >> booya, from tennessee. what was the stock? >> h-a-l, halliburton. i think it's time buy buy buy, that's right, i said it. and that ladies and gentlemen, concluded the lightning round. >> the lightning round is sponsored by td ameritrade. >>> after yesterday's greek inspired downdraft everyone is asking what should we do now? the kind of selloff we had can create panic. tonight i want to take a motion out of the equation. in a fluent situation we got to have every possible input. that's why we're going off the charts with the help of carolyn broden. the brilliant technician who runs a website that happens to be my colleague at realmoney.com. i want to try to divine what's next for the s&p 500 using her charts. the s&p is the manch bejjor benchmark. what's her view in the wake of yesterday's session where the s&p dived more than 2%. let's look at the s&p weekly chart. something important just happened. the last time we spoke to

texas government affairs consultancy, and its global health care consulting business unit, hillco health. and by the alice kleberg reynolds foundation. and viewers like you. thank you.

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then we hear anthem might be buying zigbuy ing cigna or united health might be purchasing cigna.ite aid could be part of the mix, or consolidate the industry, people keep telling me that's going to happen. these all get rumored and the suppositions they could all boost rite aid's value. however, there's something that can trump all of those good things i just mentioned, at least in the near term. and that's greece. greece. granted, greece the country as we've stipulated has nothing to do with rite aid the business but greece the country has a huge impact on rite aid the stock. that's because american stocks right now are trading together in line with europe. no hedge fund manager, those are the people who pull the triggers also day can resist making a bet if greece decides to default on its obligations, there will be severe and negative consequences all over the globe. if they've messed up, they are going to look like idiots over investors. this bet against all stocks trade off of greece isn't necessarily wrong. we don't know what the world will look like financially if a nation

there have been reports united health is interested. it is still trading at a record.e have been watching united and anthem and cigna. anthem and united both held on to their gains. i went to pick a quick look at something from bloomberg intelligence. case in the garment looks at the medical loss ratio for cigna. this is the percentage of premiums that go toward expenses. you wanted to be lower. this gives you one of the reasons cigna is one of the targets talked about frequently. health care is the best-performing group in the s&p 500 this year. nearly 900%. part of that is due to the consolidation. it has to do with pharmaceuticals as well. we have seen a lot of deal volume, the highest deal volume within the s&p 500. betty: thank you so much. refocusing on tech. after speaking to dick costolo, and ahead of our conversation with marissa mayer, i want to bring in jay. entrepreneur who has worked with linkedin, sony, universal. he does a lot of the folks associated with these companies and he is an author. about how to copy, thrive in an era of innovation. i know that

anthem united health will scoop us cigna or humana. aetna may want to play too. the action in the too old stocks has become revealing. last night we revealed jana a very aggressive hedge fund has taken a position in conagra, demanding changes and the stock has fallen 10% on that news. pinnacle foods shot up on 9% on the belief it could acquire a private label division that conagra might be able to part with. this group is ripe to take over target which is is part of the anything goes merger attitude so prevalent these days. here's the bottom line. with today's decline our markets are reflecting that we're in somewhat rougher waters directly tied to the greek denouement. i say we don't buy any dips until we know for sure we're getting some sort of resolution simply because we're still hostage to our european cousins. and remember even a good resolution could be turned against us given the feds' wariness about raising rates until after the greek situation is in the rear-view mirror. jeff in michigan. jeff? >> hey, jim. a big utica, michigan booyah to ya. thank you

united health and anthem seeking to buy rivals. the two biggest health insurers by revenue stream and to cut costs as they cope with obamacare. joining us now is riverfront investment group rob smith managing more than $5 million. things have been on the show. health care is the one area that is leading area in terms of the mna. is that a reason to start by and health care? >> i think the health care story has played itself out fairly well. what you are seeing is discontinuation of businesses buying each other rather than businesses investing in growth in the future. when money is this cheap, it makes more sense to make this kind of acquisitions. but i think it is one of the reasons we continue to struggle to see business investment which we investment which we need to see start to pick out. maria: the one area where the money will be spent to help the broader economy. but we are not seeing that. >> oftentimes with the big consolidation is happening, merger struggle to work. usually if you can do it, be the acquired rather than acqu

aetna shares hitting new highs reporting that united health is interested in a possible tie-up. the largest health insurer sent aetna a letter to inquire about a merger, this is according to "wall street journal" the deal would be worth over $40 billion. a mid-session spike for shares of twitter. our own charlie gasparino says they are open to talks with google or facebook. that helping lift the stock off a new low. david. david: meanwhile a lot of attention what is going on with greece. u.s. treasury secretary jack lew, picking up the phone to have greece's prime minister making a serious move to have compromise with creditors. lew warned greece that failure to make a deal would create hardships for the greek people but make the global economy suffer as well. greece has less than two weeks to strike a deal before it faces default. melissa: president obama's trade deal in limbo for the summer. the house gave itself until july 30th to vote on a key part of legislation that democrats defeated on friday. this bill would extend assistance to workers that lost their jobs when compani

. >> consolidation waves from cigna to anthem and united health and aetna.rger maenaa catching on in the health care industry? all that and more on "nightly busi re and we bid you good evening, everybody. i'm bill griffith in for tyler mathisen. >> great to have you with us. i'm sue herrera. it's a new week, of cour

newspaper and i believe it was our scoop a very big conversation going on in the insurance market with united health, anthem, cigna. we've got burwell, issues of the cadillac tax. so health care, quite sometime after the affordable care act is passed is what might be described adds a little turmoil. with us today we have two ceos of models in health care that are so admired to they are often exported and they are looked at in the rest of the world as something to achieve something to strive for. i want to start with mr. tyson from kaiser permanente in oakland and elsewhere who actually just told me he just came back from china where they're interested in talking with him about how do they cover their billions of people. at kaiser you've got i've just learned, ten million under coverage right now. this is a system that has gone -- it was among the first to embrace electronic health records. again, as a model to deliver affordable care at high quality. if you could kind of give us the secret formula, what are the basics that enable you to do this, be exported into a system that everybody can get? >> t

brought it out by the united health care. bility?'t put off checking out your medicare options until 65. now is a good time to get the ball rolling. medicare only covers about 80% of part b medical costs. the rest is up to you. that's where aarp medicare supplement insurance plans insured by unitedhealthcare insurance company, come in. like all standardized medicare supplement insurance plans they could help save you in out-of-pocket medical costs. taking informed steps really makes a difference later. that's what it means to go long™. call now and request this free decision guide and explore the range of aarp medicare supplement plans. all plans like these let you choose any doctor or hospital that accepts medicare patients. these are the only medicare supplement insurance plans endorsed by aarp. call now and request your free decision guide and start gathering the information you need to help you go long™. ♪ ♪ while there are some home disasters you can't avoid, there is one you can. septic system breakdowns effect over one million

we should note later on in the day reports surfaced that united health could be eyeing cigna as well. cue now. >> sorry about that. i think humana is the way to play this space. in you go back in early june here's a stock that went from 180 to 220, they were partnering with goldman sachs for a potential takeout for them. i think where there's smoke there's fire. they say there's nothing to it, there's nothing out there, but this whole space is in consolidation mode. they are more expensive than the rest of the space at 21 times forward earnings. i think they're the best in breed. i think you buy the weakness in hum. >> anyone agree or disagree here? >> i would agree with guy. i look at humana i think it's a great opportunity. the sell-off is definitely an overreaction. this is a name that was actually skying just the other day on the rumors of what they might be up to. you look at the health care space right now we know there's consolidation. i think gloegz to continue to be con sought daigs in health care in other areas of the marketplace right now. this is just the beginning. we're

. >> consolidation waves from cigna to anthem and united health and aetna. is merger maenaa catching on in the health care industry? all that and more on "nightly busi re and we bid you good evening, everybody. i'm bill griffith in for tyler mathisen. >> great to have you with us. i'm sue herrera. it's a new week, of