right now we have -- we used to have aetna, we don't we have united health. >> we have united health and cvs as the pharmacy benefit. our company decides to do it a bit more a la carte. other companies have gotten more benefit from being able to use the optum side of united health and united health benefits that's one of the things that has helped united health to grow the other thing to think about is you'll have this deal in the works. there's a lot of sort of moving parts going on in the pharmacy benefits space at the moment because anthem wants to start its own pharmacy benefits unit and they don't want to work with express scripts anymore. so if you're sitting here right now as a large employer looking at what you're going to do for 2019, you're going to have anthem in transition, you're going to have cvs and aetna kind of trying to put it together and work out the kinks as one company together and then you have united health that already has the one single option. so some benefit managers say once again while their partners are trying to make big changes or, rather, their rival

that would make them the largest health care firm to buy revenues eclipsing a little bit united healthwould also give them to start here about 22 million people in terms of those insured under the pharmacy benefits for cvs. they would have upwards of around 90 million people but on top of that you layer the elements that cvs already has with regards to its clinic there's 1100 minute clinics. the expectation is they want to expand using those in store clinics as real clinics, not just for a small urgent care but for primary care try to coordinate care for their members. on top of that, they also have the omnicare, home care for home infusion for high cost drugs as well and, of course, the drug stores themselves. that is the differentiating factor, if you will, that makes them a quadruple threat. they've got the pharmacy benefits, they would have the insurance benefits, they'd have the clinics and on top of that the retail element, which cvs i trying to leverage saying, hey, not only can you come in store and get your prescriptions, but we're going to start delivering in certain markets

the other story, the united health deal coming on the heels of another possible merger in the health care space between cvs and aetna, aetna's chief executive mark bertolini is set to pocket half a billion with a "b" if it does merge with cvs "the wall street journal" reporting most of his payout is tied to stock or rights that he already held that jumped in value with this deal being talked about. more than $230 million is expected to come from already vested stock appreciation rights that he holes for aetna shares, additionally common aetna stock he owns would be valued at roughly 190 million at the deal price. and around 60 to 85 million is tied to his change in control package. >> which on the high end the 85 million figure would make it one of the top five control payouts of all time but, listen, any time somebody's payout amounts to something with something that begins with a "b in this case half a "b." if implies significant possibility it doesn't get done. >> but this is stuff that's been earned over the years and years. >> oh, yes. >> i mean we're not talking about -- he tru

on the subject of your health, the united health group scrambling to buy up $5 billion of the healthics across the country. this is a direct response to aetna's purchase by vcs as the health -- cvs. united health is hoping to control the urgent care and the outpatient surgery centers. >> wal-mart is changing the legal name. something you height not have noticed. early next year it will change from wal-mart stores incorporated to wal-mart incorporated. officially dropping the hyphen and the word "stores" to reflect the shift to online business. >> 190,000s are added in november. solid. not the pace for october. >> this is the payroll processor a.d.p. they are expanding a it a healthy pace. look out for the federal report for november due this friday. >> after if tsunami a boat washed up ashore. some of the writing still seen on the paint. jonathan: on this day in 1884 the washington monument was topped with the marvel cast and aluminum. check out the picture. the completed construction of the 555-foot obelisk almost five decades after the design was chosen. by code it is to be the tal

these guys are making themselves look like another big health care giant that already exists, united healthalready on the health insurer, pharmacy benefit manager and his been buying up doctors. more of a model for cvs and edna ends up. something unknown that death everybody is worried about coming in with market power in changing those middleman relationships. vonnie: how is it better for the country as a whole if one company has a hand in everything from your pharmacy prescriptions to your corner drugstore? drew: one of the major complaints that we have had about health care in the u.s. for a long time is that it is too fragmented, there are too who middlemen or players are each getting a slice of the pie along the way of administering care and providing care. this will put some of that together. for them, how that works is all in the execution. can they do this in a way that makes up front care better for those and makes it more efficient. that is where we find out in the years to come if this merger did work. vonnie: drew armstrong, thank you for your reporting on that. mark: let's get

it's etna is massive. 22million members nationwide, but they have to compete with united health group, the largest insurer in the country. the merger would help them compete. in the end, let's talk about the most important part. what does it mean for you and me? there's debate on it. wall street analysts said it could bring costs down, and more people are using the clinics rather than the emergency room. consumer advocates said it would limit consumer choice and make it harder for new companies to enter the market. that means you are stuck with whatever service the big companies will give you. one last thing, it may not be approved. last year two proposed mega mergers, and both of those were shut down by antitrust opposition. we will see if it happens again. evan koslov, wusa 9. marijuana in maryland would be so popular. see what one supplier >>> welcome back to the news at noon. supplies at the first medical marijuana dispensary are so low, they may not open today. patients bought all of the marriage in just 2 days. owners of the shop in rockville said they sold all 5 pounds of medic

--esto de acuerdo con el reporte anual de la fundacin "united health"...el estudio se bas en la poblacinindice de obesidad y alto nmero de proveedores de cuidado de salud mental. --hawaii y vermont estn en el segundo y tercer sitio.. mississippi es el ms insalubre. - investigadores en noruega analizaron a varios adolescentes sobrevivientes de la masacre mas grande que ha sufrido ese pas, ocurrida en 2011. - el estudio concluy que stos fueron cuatro veces mas propensos a sufrir de migraÑas y dolores de cabeza relacionados con tensin muscular. - expertos explican que es fundamental ayudar a las personas que sufren eventos traumticos ... sto con el fin de reducir el riesgo de sufrir problemas de salud crnicos. se abre el draft del futbol mexicano el dia de hoy.. ademas en la copa mundial de clubes vaya sorpresa que se llevo el real madrid en su partido de hoy.. los detalles en deportes. ---recuerde que puede seguirnos en los medios sociales, facebook, instagram y twitter en las direcciones que ve en pantalla... ---adems telemundo 48.com est disponible para iphone, ipad y android. actualcela

you saw united health care doing the same thing with buying providers. ultimately, the issues that insurers have is that things are really expensive. they're trying to make money and anything they can do to lower the price of services that they have to pay for, they will make more money. one of the best ways to lower the price is to really be able to do things in a setting that is less expensive. and so, you can imagine a lot of things that currently happen, in a hospital or the doctor's office that can be less expensive done in other settings. this arrangement really will facilitate that. aetna could make deals with cvs, but when they are under the same parent, the presumption is that there will be less berries to do that. they can do pilot programs. they can see how this works. if it does work, you can imagine the kinds of customers they would get. aetna has a lot of business in medicare and medicaid. if they're able to really improve satisfaction and lower cost whatever it might be, that is an opportunity to really grow their business. host: bill's on

united health has a lot of that. middle section will collapse one way or another and this feels like an effort to address that. let's call this the health industrial complex. is this an industrial reaction to the future nationalization of our medical programs? >> i think you are looking at this as basically all of these things are doing with the specter of this problem and mentioned with a very inefficient health care system. that is going to get disrupted by an amazon, some the big enough to have enough money to do something. until government says this is problematic. those are two ways a market or demand coming in addressing this problem. studying and you writing about today? >> we are looking at the antitrust questions about this and if the trump administration's take on amt -- at&t time warner reaches over to another issue. tom: a quarter trillion dollars of revenue per year ought to get your attention. we are going to continue, we will look at the -- also the opportunities for 2018. stay with us, from london and

. >> despite the current debate over health insurance in the united states, the country's health system is considered the envy of the world. that's the company line anyway. but closer scrutiny says otherwise. figures crunched by the commonwealth fund, a medical research group, compared u.s. health care to ten other peer countries, developed economies with similarly advanced health systems. when it comes to quality of care, the u.s. ranks fifth out of 11. britain is number one. when it comes to access to care, the u.s. is number nine. again, britain is number one. when it comes to health care equity, people receiving similar care regardless of income or geography, the u.s. is dead last among peer nations. sweden is number one. and this one is crucial, when it comes to healthy lives that people lead, the u.s. is again last on the list. france is number one. overall health care in the u.s. ranks last among its peers. britain with its public single payer system ranks number one. switzerland with its private insurance system but guaranteed coverage for all comes in at number two. take your p

we have very strong player united health that has remained independent.w, done smaller deals most recently with da vvita andi just killing it if you ask me. so i don't think necessarily consolidation is the answer for everyone but drugstores, the drug supply chain are under threat now. >> les, why are you more cautious on the space? >> we own united have done very well this year. but i'm concerned that the fundamentals won't get that much better and that, i believe, that we are in for some sticker shock and political backlash this year i don't think people have realized the magnitude of the increases yet. and i think that'll create a lot of noise i will add, though, i'm a little bit of an amazon skeptic i don't see amazon making any radical moves at least in the near term. >> ana, if we talk about the hospital space, more consolidation there, is that a threat to hca? or is that one to own in that space? >> you know, both of these companies are i think responding more to the threat payers. like united health and aetna and so on who are moving procedures an

in 27 states and more than $44 billion in a this report follows cvs' agreement to buy aetna and united healthece to its group of urgent care clinics and out-patient centers. is it likely we'll see more consolidation in the healt care industry? brian kantilit from jefferies is here to discuss that. nice to have you here. >> good evening, sue. thank you. >> why are we seeing this type of consolidation and these deals being inked right now? >> yeah, i think what's happening is that the health care system in the u.s. is evolving. we've seen some mergers, for example, in the non-profit hospital space prior to today's speculation on the ascension deal. and i think players are getting bigger as the landscape changes, and frankly, as we start seeing a slowing down of utilization trends for health care services. >> you also make the point that a number of these hospitals are highly levered. they have a lot of debt. >> that's right. so if you look in the public company space, and you've got community health care, you've got tenants health, these are fairly levered companies. so what we've seen is they'

do you think this is an effort to look more like united health? s the primary motivation for this deal today >> i think both of these companies have been trying to increase their foot pretty prinn health care. they've been broadening their points of attachment with a customer in a variety of ways. aetna has been doing more consume er directed such particularly on the web. cvs has been developing minute clinics and home infusion program and so on. from that point of view, it's a natural step in the evolution. i think there are three things that are triggering it one of them you mentioned, kelly, is amazon it's not quite explicit yet. what they're planning on doing, but whatever it is, it's scaring cvs. number two, united has had some sacks success with their integrated model of a payer provider and subsidiary i think that's good data point for aetna. >> yep. >> i think thirdly, the fact that those horizontal mergers between aetna and humane that and cigna and anthem and walgreens and rite aid were all rejected by the government is forcing people to

david: you talked about unitedhealth group. -- united health care. >> everybody has been looking at twohings right now. they have been looking at united and saying these guys are performing -- outperforming a lot of the health care sector. it is a ghost that exists over this large group of middlemen and suppliers that people have felt needed to be under pressure for some time and that this was going to collapse. it was those factors coming into play. david: drew armstrong, thank you for being with us. we welcome someone who knows big mergers and acquisitions. jim forbes as vice-chairman of the ubs investment bank. let me start with the basic question. why is the sum greater than the parts? aetnahink what cvs and are trying to do here, i call it the 80-20 rule. 20% of the population is responsible for 80% of health-care costs. by getting more people into i think what you are seeing is some of the parts -- they're going to try to control more of the health-care dollar going forward. ishink the sum of the parts it's not so much a synergy play, it's getting more revenue. getting more of the

it will resemble something like united health care than the separate pieces did.e the richmond fed naming : thomas barkin as its new president. jeffrey locher forced to quit. michael: he will walk in the door and become a voting member. the richmond fed rotates to the voting cycle in he will start on january, january 1. we do not really have a good feel for his monetary policy views. we know a lot about his background. he got a degree in economics from harvard, then went to harvard business school and harvard law. he has worked at mckenzie most of his career. he did some time at first boston. he was the chief financial officer at a white desk for a while -- for a while at mckenzie. he is now chief risk officer out of the atlanta office. in the past, he has donated to democrats, so perhaps you should read something into that. we do not know exactly where he will come from. the richmond fed has a tradition of being a very hawkish federal reserve bank, so if the board of directors was looking for someone like that we may expect that for mr. barkin. vonnie robert muel

united health by eating into kidney dialysis. for .9 billion on cashmore and the one-stop health care deal. very similar to that night and cvs. what did you call it? very good expression. fox news justice department in the house intelligence committee text messages. she's an fbi lawyer involvement. the judges here. of course you heard it before. when we get to see these messages, what this stuff really is. >> i guess so. we've heard them characterized. the crime is lying to the fbi. it's not brian to mother teresa. it's an fbi agent. there is imperfect as the rest of us. it doesn't diminish their ability to do their job. if it does come a transfer them to another case. stuart: that's not the point. >> delays general slid. general flinders pleading guilty to that. one of the agents who interrogated and if this person. his own personal amoral behavior does not affect the prosecution of the person who lied to him. stuart: it doesn't read what started this investigation, what made him into a deep state pro-hillary anti-trump bureaucr

is no, they will do it organically they can do it with contracts, with mid market pbms, maybe united healthat gives them maybe 20%, 25% of the market to start with. that a strong foot hold and then they can build off of there. and if cvs and others don't want to participate and then they are left behind because the order fulfillment experience is better for amazon, they may have to either improve what they have got or also contract with amazon i don't see the whole big -- >> you'll wake up and same day they will buy united health and fox in the same day. i mean -- right? >> they are trying to do media, health care, everything. >> anybody going to jump that separately anybody going to jump the disney thing or not >> the immediate after math of that announcement, there was a lot of people who were sitting arm the hoop t around the hoop trying to figure out -- >> when it first broke >> since then, everyone is trying to figure out the breakup fee about that. >> you think it should be amazon and comcast? >> i always thought amazon and comcast together i'd do amazon as the buyer and then amazon s

clinics to united health for 4.9 billion in cash they struggled withnit reporting that $5 million third quarter operating loss to be the plans to use the cash for significant buybacks they say. and also paying down debt. for united this marks the fourth deal of the year expanding is already very large opt in services national footprint. cvs and aetna are down on the week after announcing their proposed $60 billion integrated health care merger on monday rival walgreens taking a stake in chinese pharmacy for 400 million. they are not just looking to expand here in the u.s. but also looking abroad also this morning, edison international, southern california unit says service is being affected by the wildfires in california and haven't had a chance yet because of the fires to really assess how much damage they may be facing david? >> bertha, thank you bertha coombs on the floor. >> when cramer requests a faber report, i deliver. >> thank you. >> let's talk about broadcom and qualcomm i think it's important that we note, that deal is getting close to being

united health is helping to pull this growing business of clinics and physician practices.ld mention a disclaimer -- the chairman of bloomberg lp, parent company of bloomberg news, is a member of davita's board. joining us with maurice taylor riggs. you what thee tell business is. 300 clinics, five urgent care, here.tpatient centers a lot going on, but for them, davita is a side business. their focus is on treating kidney patients and dialysis. this is getting back to basics. part of the reason the shares are rising. they are using the money to repurchase shares. it is something existing shareholders always like. operates -- they are seeing this really as a way to compete. we heard that cvs is eventually trying to buy aetna. that is another example where you have the health insurer going to the front line care of patients. this is a way for them to better compete as well. and they have done that in the past in terms of adding certain units to bulk up. 's segmentt davita into perspective for us. taylor: it depends on what section of the business is profitable. they are 25% m

>> no, i think you're barking up right tree basically, the -- if you look, united health care was probably first in terms of this retailization of health care model. they own surgery centers they employ physicians they have urgent care centers. they really have the retail delivery model first >> and they're going to own hospital systems to the extent they don't already and or hospital systems are going to go and become insurance providers if they're not already. >> well, that's a big leap i don't cover united health group. i don't want to comment on that. to your earlier question with respect to who's next, investors are obviously asking a lot of questions about walgreens here walgreens here after they ultimately complete this asset transfer from right aid, they'll actually have more stores than cvs and so they don't have the pbm business in house and it's just really a pure traditional retail model and so investors really think they're the company that has to do something >> jeff, is it possible part of the decline we're seeing at least with aetna, which is, you know, getting bought essen

reporter: democrats are united as health care. what is different this time around, why do you think the party failed to bring down the tax bill? ms. pelosi: we stand united and still continue that fight. we don't have the votes to take it down and some of the republicans see the light. and people are speaking out especially since they added the repeal of the mandate -- affordable care act, individual mandate. that has energized the base further. but this is who they are and what they came to do. tax cuts for the rich at the expense of the middle class, at the expense of health and well-being of the american people and robbing from the future by increasing the debt. ransacking the finances of middle-class people by increasing their taxes and rewarding corporate america and the wealthy. so i think they are in a losing situation. if they don't pass the bill, they lose. you know what they said, the donors aren't going to answer their calls if they don't pass the bill. if they do pass the bill, they will lose in the court of public opin

microsoft and united health and boeing leading the dow the nasdaq is the biggest gainer today.n a row after being down three days in a row utilities and consumer staples are lagging. does that mean a touch, the bill will be passed next week ylan mui is joining us >> it is impossible for the white house to get it done gary cohn told us that those lawmakers taxed of the final version of the bill is working through the weekend and he's expecting an enormous amount of progress by monday. one issue is not settled is the estate tax many people signing a letter demanding to get rid of it the state and local tax deduction is up in the air, gary cohn said this morning, they're trying to find the great compromise >> i heard the state level tax deduction of many, many times. we are concerned about that. i was on a phone call this morning, we were talking about the issues and what potential fixes are. there are 70 members of the house in salt states, they have to have a solution to allow the residents to come away of the position that allows pemembers o support this >> we are expecting one

microsoft, united health also, merck and boeing, jobs report 228,000 jobs added more than expected 4.1% unemployment, lowest level in 17 years and wages are on the rise, that gave a boost to the markets, liz? >> liz: see you nicole. senior justice department official was demoted for having connections to the trump sealed dossier. fox news james rosen has the exclusive report after this. >> liz: apple announcing that three of their new iphones scheduled to be released next year will come with larger batteries, could translate to longer battery life. maybe by 30-40%. the battery packs are reported to be differently shaped like l shaped to let apple squeeze as much battery into the iphone as possible. take a check of apple closing in the green today, up nearly half a percent. now this story, a senior justice department official was demoted this week after evidence emerged that bruce orr, the official met during the 2016 campaign with christopher seal. he's the former british spy who authored the anti-trump dossier. fox news james rosen in washington d.c. with the details , james? >> james

. >>> united health has gained market share with large employers by offering an all-in-one medical andharmacy plan at better prices. anthem develops its own unit, one benefit consultant says the trend could mean employers could have little choice beyond a all-in-one plans. >> you'll have a couple big entities with significant power, and in certain market segments, they may start to make it very difficult to carve out pharmacy. >> it could save them money, but with cvs and aetna, employers and consumers will also want to know whether the clinics will mean more limited networks >> is care that was potentially going to the physician's office now diverted to the storefront, but certain a question i have as to how it would all pan out as it moves forward. >> cvs is hoping the deal will been proved in the first half, but tells analysts building out that new front-door health care model could take longer than the first year to really take off. bertha coombs, cnbc business news. >>> the chicago board options exchange will launch its bitcoin futures contract on sunday beating out rival cme grou

closing higher 63 points blue chip industrial doing very well hitting their 71st record gain today united health, caterpillar contributing the most to their gains also doing well, banks and financial stocks goldman sachs, bank of america a lot of them moving higher why because strategists are saying this is the sector to be in in 2018 as tax reform helps these companies and also amazon gaining on the wake as we found out that 45-50% of all online holiday sales went to amazon's bottom line so good news for amazon and of course as we know online retail sales up 18% as well. adam back to you. adam: gerri willis thank you very much. coming up democrat sheila jackson lee accused of taking somebody's seat on a united airlines flight a first class seat and now that congresswoman is playing the race card and we'll tell you about it but first democrats are once again going after the rich but cricket s over liberal billionaire million dollar trump impeach. push, conservative radio host gina lowden is here to call out the hipocracy right after this. >> trump's tax plan was written by a billionaire for a bi

the winners, visa, mcdonald's, caterpillar, amex and united health. also big news for stocks today, pending home sales higher, marginally so, two tenths of a percent. and stocks that have done well, hovnanian, toll brothers. as we were coming into the close, disney, the stock marginally lower at the close because they were working to restore power to parts of disneyland in california where a massive power outage shut down several attractions there. back to you. >> gerri willis, thank you very much. it might be heating up on the stock exchange, but it is just frigid cold. incoming arctic blast means frigid temperatures for the northeast and midwest ahead of the new year. rick reichmuth is in the weather center with the late. . i bet it's not pleasant. >> it's not incoming, it's here. the cold air moving around the great lakes for a number of days, seeing the incredible snowfall totals. erie, pennsylvania, over 63" of snow. lake-effect snow happens this way. colder air moves over the water that is relatively warmer and pulls up the moisture from the lak

lea: the dow hitting new highs, led my shares of united health and caterpillar and travelers. the ninth month in the green, the longest monthly winning streak since 1959. let's go straight to gerri willis on floor of new york stock exchange. for more what is driving markets today. hey, gerri. >> the dow up wow, you heard cheer behind me at the close. that is a record close, the 71st for this year. also the 71st for trump's administration. behind these gains unitedhealth, caterpillar. we're keeping eye on banking stocks. look at this. goldman sachs, bank of america, all these banks doing much, much better. why? because strategists are getting behind the sector saying these stocks will benefit from tax reform, interest rates go up. this is a sector to be in. also doing well today, amazon, up why? because we found out that 45 to 50% of all online sales during the holiday season went to amazon. amazing record. this is up from 38% last year. amazon making gains of 1.5% on the week. now i want to mention to you online sales, up overall as well, up 18%. we're seeing strength in banki

lauren: united health group is at the top of the dow 30 take a look at that as coca cola well they're at the end there in the bottom right corner, jb hunt transport not the king of the road today it's actually among the biggest laggers on the s & p 500 after saying its fourth quarter profits yeah they will be lower than expected but the transport and logistics provider is up about 19% this year but it is down two-thirds of 1% today. california making history this year in a way no place ever wants to. the most costly and most destructive wildfires the state has ever seen completely after aging hundreds of thousands of acres from la to wine country but now the winery owners say the negative public perception is actually more devastating than the fires to their businesses. up next, we get an inside look at wine country's fight for survival, countdown coming right back. i just finished months of chemo. but i don't want to talk about months. i want to talk about years. treatments have gotten better, so... i'm hoping for good years ahead. that's thanks to research funded by the american can

the pharmaceutical industry is somewhat immune from any sort of price cuts but more importantly united healthare is the way to go and can take advantage of it because of outcomes business called optum that's so great. >> caller: i'm confused here yesterday bernstein and company said take out a $330 today, no, no, this is not right and everything about bernstein i went to the restaurant and there were only five people. what do you think? >> i didn't catch the stock's name i'm sorry. >> caller: chipotle. >> that was a solid analysis i was skeptical too. i was skeptical and mentioned it on my mad dash with david faber. they pointed out the metrics of chipotle aren't cheap enough to make someone want to buy it. i was suspicious too but the empire cal data and rigor of the work cannot be denied i know some were scared off. i don't blame you. this is when you need to be reminded you buy stocks because of the big picture because of what the companies are doing. not just because of tax reform always have your shopping list at the ready on "mad money" i have the exclusive with a company focused on two

avita health care up 14% in an all-cash takeover from united health.oe: let's look at the government bond market with the two and 10 year spread. today,ing ticking down 1.8% on the two-year, 2.3% on the 10 year. want to look at an intraday chart of the two-year spread. we were getting close to 50. in the end, very little change, just over 52 basis points. this relentless flattening of the curve remains a concern. >> it was going so well in sterling, climbing last week amid that optimism of progress in brexit talks. sterling falling for a second straight day. theresa may facing rebellion in her cabinet days before the key meeting with the european union leaders. that is taking place next week. are rumors from the eu's side that more progress is theed before he move on to key topic of trade. ireland still a logjam issue. prices, but the bank of canada rate decision tomorrow, and policymakers could be more optimistic about growth raising the prospect of rate hikes in early 2018. joe: let's talk about commodities and oil prices. loyal taking a hit today. i

the takeover allows united health more control over how its insurance dollars are spent.do more to ofer consent over takeover air berlin. people familiar with the process say that germany's biggest concessionsfering that don't yet satisfy regulators. they would need to sweeten the offer to secure landing rights to win approval. regulators have until december 21 clear the acquisition. museum in abu dhabi tweeted the message that a $450 million painting would be displayed there. sold two weeks ago, from new york, to an anonymous buyer. if abue's isn't saying dhabi purchased the da vinci but they did congratulate the museum for the painting. that is your business flash update. scarlet: you have been keeping track of that, haven't you? julia: i can't wait to see it, it is fantastic. scarlet: well, now you have to go to all the dobby. julia: electric. [laughter] scarlet: we don't know who bought that painting. block says he is shorting the tech and medical supplier. here is what he told erik schatzker, exclusively. carson: we think this company is rotten to the core. erik scha

> yes so you have obviously a handful of these companies that i think people know whether it's united healthe, or cigna, the reality is that these are almost entirely domestically 230focuse companies in terms of revenues and effective tax rates are higher than the statute other rate at a recall, notwithstanding questions and western concerns d to the affordable care act and how many will be covered or not. the reality, benefit leadsing to a lower tax break will far out-trip any potential negative there. >> scott, thanks the fourth sector, media, the two companies to benefit, sinclairand comcast a parent company of us. happy holidays. >> same to you. >>> and avoiding getting hit by the tax bill in other words, could a school district really be considered a charity? >>> plus, after a brief spall, stocks fiver higher again. is it rally on next year or is all at gd wsthoone in the economy already priced in? a big question we'll have answers "power lunch" will be right back ♪ let out your inner child at the lexus december to remember sales event. lease the 2017 is turbo for $299 a month for 36 mo

breakthrough coming and i see major changes coming through the innovation delivery system you saw united health bought n invida care. i think ai is going to do this people like united having an enormousme enormous amount of data. they'll use it feseffectively. >> i am sorry, finish your thought. >> healthcare has one of the worst used of information of any field. yes, we'll see new break through devices and a good example, in the old days, you have to come in and have your pacemakers checked every 90 days. so i think this will change where healthcare is and go i think to the home and the community setting. that's going to be a lot at coast and more importantly of a better health. that th that's the key issue here. >> bill george, thank you. it is always good to see you >> coming up at march, cnbc will host its first time ever "healthy returns." we'll have ceos and news plmakes and entrepreneurs of the business of healthcare it is wednesday on march 28th, 2018, for more information, go to cnbc.com/heathyreturns. what happens if not at when but what happens if not at when but bitcoin ♪ craz >> we

and davita leading the s&p and the company announcing it would sell its clinics for $5 million united healthmoving and they're moving into health care and delivery and a whole bunch of ancillary things. emerging markets the etf, that etf otherwise known as eem, eem on pace for its fifth down day in six. >>> president trump officially recognizing jerusalem as the capital of the nation of israel in just the past hour. eamon javers is live at the white house with more. >> caller: t >> the president acknowledging the reality on the ground in jerusalem and saying it's time for the american government to make a break with the policies of the break here's what he said. >> the record is in. after more than two decades of waivers we are no closer to a lasting peace agreement between israel and the palestinians. it would be folly to assume that repeating the exact same formula would now produce a different or better result. >> the president acknowledged that his decision today could result in dissent and protest across the middle east, but said ultimately his goal and the u.s. goal here is for peace i

he'd spent nine years in secure health units because of his challenging behaviour, and they felt he'ded. i was told there was no treatment. because it'd been there a long time and they couldn't treat it because it would be too much. it just wouldn't work, it's gone too far. watching that report was drjustin wilson, a psychiatrist who had researched cancer treatments in people with learning disabilities. knowing that testicular cancer is one of the most treatable cancers that there is, i was surprised that a decision had been made not to provide treatment. i wanted to understand what that was about. we put him in touch with the family. he suggested getting a second opinion, which led to ian having chemo at the royal marsden hospital. my concern was that perhaps judgments are made about the quality—of—life that he has, because of his severe learning disabilities and because of the physical impact of how the cancer had spread. i'm also clearly aware that providing cancer treatment for somebody with the problems that ian has is a real challenge, but my view is that those challenges can be

he'd spent nine years in secure health units because of his challenging behaviour, and they felt he'd. i was told there was no treatment. because he'd been there a long time and they couldn't treat it because it would be too much. it just wouldn't work, it's gone too far. watching that report was drjustin wilson, a psychiatrist who had researched cancer treatments in people with learning disabilities. knowing that testicular cancer is one of the most treatable cancers that there is, i was surprised that a decision had been made not to provide treatment. i wanted to understand what that was about. we put him in touch with the family. he suggested getting a second opinion, which led to ian having chemo at the royal marsden hospital. my concern was that perhaps judgments are made about the quality—of—life that he has, because of his severe learning disabilities and because of the physical impact of how the cancer had spread. i'm also clearly aware that providing cancer treatment for somebody with the problems that ian has is a real challenge, but my view is that those challenges can be o

you saw united health care doing the same thing with buying providers.ltimately, the issues that insurers have is that things are really expensive. they're trying to make money and anything they can do to lower the price of services that they have to pay for, they will make more money. one of the best ways to lower the price is to really be able to do things in a setting that is less expensive. and so, you can imagine a lot of things that currently happen, in a hospital or the doctor's office that can be less expensive done in other settings. this arrangement really will facilitate that. aetna could make deals with cvs, but when they are under the same parent, the presumption is that there will be less berries to do that. they can do pilot programs. they can see how this works. if it does work, you can imagine the kinds of customers they would get. aetna has a lot of business in medicare and medicaid. if they're able to really improve satisfaction and lower cost whatever it might be, that is an opportunity to really grow their business. host: bill's on t

that person was a member of the united states public health service. it is a testament to all that i love about this country that just 97 years after my grandfather went through his six second physical on ellis island with no discernible prospects other than the political, economic and religious freedom that america offers, his grandson might be. in charge of that very public health service as well as the other renowned components of the department of health and human services. the mission of hhs is to enhance and protect the health and well being of all americans through programs that touch every single american in some way, every single day. we are at an historic time in terms of delivering on that mission through innovation. through its outstanding leaders and career staff, hhs is prime to meet thatchallenge. that challenge. this task is humbling. it requires marshaling a leading the incredible resources of that department require innovating, never being satisfied with the status quo and preparing for the future. i think i gained these skills in the

i think the real issue is united health they're a powerhouse with care mark, with optum, service overple through optum. i think you're going to see they're the ones causing a lot of change. did a deal with mayo, on the mayo board about five years ago, to create optum labs, and this through artificial intelligence, big data, but looking down to individuals. what they need i think you'll see big changes there as well. so as consumers stop thinking, gee, i have to get an appointment with my doctor and i only get seven minutes they're going to go into cvs and have an awful lot of things done they'll see a nurse. i think with the minute clinics, they may put a doc in the box and change the setting at a much lower cost, but people can get cared for and they don't have to stand in like and wait forever and only get to see a doctor for seven minutes. it's almost insulting. they'll get much better care >> this morning on "squawk box," bill, for sure, when they talked about improving service, just on so many fronts let's assume for now that this gets through the anti-trust process. which i'm no

growing list of other companies that have been announcing buybacks this week "b" of "a," home depot, united healthut new data says buybacks are down 10% compared to last year, so are we imagining this just seems like they're all rushirush ing before the end of the year or before tax reform passes or something. we're getting another -- a spate of buybacks. >> part of it is seasonal. part of it is this is what big companies do now there's always an allocation to buybacks i would seize on home depot right there. home depot in the last 12 years has bought back, shrunk the number of shares by a billion. okay it's now -- so essentially they really bought in, like, 40% of the company. others have just skibd kind of g to keep up with the issuance of stock -- i think it's just the way mature companies deal with their capital structure right now. and so i don't know that it's a matter of a rush before tax reform but if you actually think you're going to have money coming back unencumbered from overseas, sure, that goes into the pot. >> what is going to get a company to create jobs or build a factory or, you

is buying united health. a medical group for $4.9 billion in cash.k of almost 300 medical clinics. plans to buy that $15 billion of shares. before today, home depot stock was up this year. nintendo video games will be playable on hardware that a company did not make. nintendo is just riveting classic games through a gaming tablet. the new initiative is limited to china for now. that is your bloomberg business flash. >> we will get employment numbers for november. >> almost christmas. >> the nonmember jobs report on friday, 195,000 employment rate, average hourly earnings at 2.7%. the economic strategy on bloomberg intelligence, what is your prediction for friday? >> 195,000. we missed on the headline print last month and they were very substantial for two months, which put the change in line with expectations. looking at the broader picture, it is the first clean print we have seen in three months. we had a surge and we do not really know the underlying cases. you add into that the view the fact that the economy is moderate week celebrating, probably

the biggest winner in the dow today was united health. the biggest loser was coca cola.in the s&p, the big winner, chesapeake and discovery communications was the biggest loser. discovery, whole other story, mike i feel like it's been so volatile lately. >> yes. >> zooming back out for a second, dow had another record close. >> market is staying pretty much true to form final week at the end of a very strong year. just kind of that upward drift is the main phenomenon here. obviously there's sector tweaks, there's some kind of internal rebalancing going on, but mostly the market stays well supported based on, you know, what's been working all year we got good economic data this morning and have loose financial conditions and basically no sellers. nobody seems to want to cash out just yet this year. >> bill, you selling anything? >> no. you know, we practiced very low turnover, anyway, but i think mike's right, one thing you could see in the new year, certainly a lot of people hold on to big winners into the new year so that when they do sell in january, they don't have to

cheaper care and you can get better margins in terms of the insurance and other caregivers and united health has been doing this all along its latest acquisition bid, $5 billion for davita's medical group care we're going to continue to see these deals, guys. some analysts are saying if you start seeing these companies get more cash from the tax deal, that's only going to fuel this dealmaking back to you. >> great point thank you, bertha. >> thanks,er be sh er bbertha see you on the close >> bertha coombs on the floor of the stock exchange >> our board is frozen here. i'll look down there dow was up 224 as we were knocking on 25,000's door. pulled back there. still record closes for the dow, the s&p and the nasdaq and the russell as a matter of fact, too. >>> meanwhile, twitter is up more than 10% on a bullish call by jp morgan why the firm calls the social media company one of its top ideas for next year. that's coming up >>> and the world piece largest futures exchange officially opened its doors to bitcoin last night. coming up we'll analyze how bit coin's trading today now we have four d