let me give you a little kind of a spin on this united health.one expected a great number they gave you a great number plus a little. the stock is up nine that's at 4% the love for some sectors that we're seeing is rather extraordinary. i don't think united health on a delta basis was any better than the banks. but the love for it is extraordinary. look netflix everyone thought it would be a big number it's a big number. people love it i'm confused a little bit about what they, so to speak, love and what they don't. one thing is certain, they're not crazy about the financials and i would have thought otherwise. the pe on the vix is very well it just is, i think, confusing to a lot of people what is going on j & j had a quarter that was good not perfectly clean it looked like it was helped a little more by currency. i'm going to put it in the baffling the baffling camp, david i'm not getting the clarity i would have expected at this time for what people like. >> the only two components that are in the red we should mention starbucks and abc news o

and then there is united health group. of thes three componeefore the open, health insurer only one posted stock gain on the day. again profits and sales were better than pekted thanks to strength acrs the board and less money paid out for medical benefits. unlike john john and johnson they did boost full year forecast. it may not be beating expectations. traders may be looking optimistic before tomorrow before upwardtocks today. for "nightly business report" i'm dominic chu. >> late today i reported better than pektsed but investors expecting more. three centsetter than estimate. revenue sorepot grew 5% to more than $19 3w8. but it appears as i the company's guidance was disappointing sent the shock lowern after hou trading. josh has the one key takeaway from ibm results. >> reporter: b blue suffering a black eye. down in the afters. ho loo ma show that analyst says gross margins were aroem. 43.7% pectation of 45.5% with wt 5% revenue groh in the quarter. sayse expected ibm to deliver greater operating leverage in the quar

united health also a dow component. ibm after the close.n the story. united health just had a moments ago with profits and revenue better than expected. the company raised its forecast done just a fraction right now. we'll watch that for any reaction from these numbers. european indices are higher across the board. st 100 up a quarter of a percent. the dax index up almost 1%. china report in the country's economic story. the economy grew six funny% pretty much right in step with what people were expecting. asian markets were mixed at the shanghai composite down one and a

united health out its first-quarter results. reported earnings of $3.4 per share of $55.2 billion in revenue. both profit and revenue beat expectations. johnson & johnson and goldman sachs before the opening. the global economic senator jon hilsenrath. thanks for weighing in here. i was pretty struck when i realized we are talking about 19% growth in terms of s&p 500 earnings. we were expecting 17 now look at 19% growth rate pretty good quarter. >> i'm looking at exactly those numbers you mention. you started a week ago saying 17 we are already at 19. what is remarkable is you were just talking about jpmorgan had all-out numbers. the market is really having trouble moving on these numbers. there's a couple reasons for that. one is expectations are already so high after the great than the market had last year. the other is all of these jitters going on about trade and whether the global economic boom with god is going to be sustainable. >> the president wrote an op-ed this morning. we will talk about that. it was in "usa today."

stock longer than eninstitution institutional renters do not long ago we talked to the ceo of united health i think the story is a multiyear. the company has an incredibly consistent track record because it is so darn well run if you can get it in the teens where my travel trust did recently, i think it is a terrific price goldman sachs puts up numbers and again, i am glad these stocks are cooling off ahead of the reports. goldman does best when things are volatile, but that story is well-known by everybody which never helps. hey, then we have one of the steadie steadiest drug companies, johnson & johnson. after the close, we hear from ibm, now usually controversial, but this stock has been sneaking up i keep hearing ibm names as one of the cloud player hitters. i think ibm is cheap and if it is 150s, by some i expect both to be strong with morgan stanley having excellent numbers. notice, i am suggesting these buys because the weekend worries, well, let's say if something bad happens, the stocks will be happen and if something doesn't happen, you will get your chance after the close we hear

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united health, a big health care company moving nicely today, they raised full year guidance anthem's up. humana is at a 52-week high. johnson and johnson, come here, scott, confirmed their numbers here they had a good number overall it's not doing much, but, still, overall, not a bad report itself i think the important thing is other sectors that were down on the china trade wars are holding up very well, so, again, the poster child is boeing here, decent day up five, almost 40 points they sell off in the close we'll watch this to see, but the last week and a half, that's been a little bit of an issue. a lot of people are asking me, where's goldman sachs, right over here, what's going on with the banks. goldman with good numbers overall. the important thing here, there's a lot of issues for the banks floating out there number one, you got anemic loan growth, in general, right, across the board then we got a major problem with the yield curve, of course, banks make money, and the important thing is we have a flattening yield curve the spread between the 2 and 10-year example of a yiel

united health care is up 4%. why is that? not because they're buying back stock. they knocked the cover off the ball >> you know what we have to do i'm not going to say it again. we have to stop talking over people she's making a point let her make the point >> thank you >> that's a good point and i don't suggest that the world is -- i don't suggest that the world is black and white and that there's no room for there to be smaller stories that contradict a larger narrative. my larger narrative is that buybacks are more important than any other factor, including earnings, for the recent strength in the market and the advance decline line being so strong and the fact that we're about to approach those old highs. >> i don't disagree, but that's why when we started the beginning of the show and i said also you have to come at it from where the stocks have been and some of these stocks are down like 10%, 15%, 20%, and the expectations are low in addition to good earnings, expectations were low, so they're beating, and that's great. and yeah, buybacks are really importa

one of the projects implemented by the revolutionary regime was the establishment of health units in rural areas. i was looking for a job that would take me back to the village. it was a warm september day in the year one nine hundred fifty six when i left cairo. and the men and women of the village had gathered around the door of the health unit to which i had been posted. as soon as i got out of the car i heard the women you're leading and voices shouting a thousand greetings to our lady the doctor. and i don't think i'd like to see the old house i used to live in there it is dr it's been converted into offices that might be turned into offices. hello how are you i hear that what if they don't with it no one lives here but you know what there's only the police station now would be a clue and the doctor has he gone into the office for food supply and the police station. and where is the doctor over there. don't turn to health offices then there's accommodations for the doctor and a room to rest when i said i used to work here i know that things have changed the don't announce spends

and united health and anthem fang stocks are lower. amazon in correction territory it's off more than 10% from recent 52 week high and facebook has entered a bear market. that means a 20% slide tesla falling again today now down 25% in a month. got lots more, melissa on that ahead. >> the second quarter the way the first one ended. bob pisani is at the new york stock exchange with the very latest >> we started weak but got much weaker in the middle of the day when we broke an important technical level. the s&p 500, we started weak but then around 10:30, 10:35, put up that chart we broke the 200 day moving average. important thing once we did that, threw see it, 2589 we took a leg lower another 18 points on the s&p. people say technicals don't matter in this case that was an important psychological level and did matter sectors, some are weaker than others consumer discretionary because of amazon and netflix. financials weaker. lower volatility groups, utilities not as much. fang names down except apple which is down only 1%. i want to m

be reporting earnings tomorrow are also moving up in anticipation of that for example, look at united health care. that's 7 points on the dow, better than 50 points on the dow in one that's reporting tomorrow. all of the big managed care names are to the upside that, of course, we have johnson and johnson, another very, very big name out there, and that stock's also trading to the upside that'll be trading out tomorrow as well. timely, goldman sachs right here, that will be reports tomorrow morning, up $3. that's 21 points remember this debate we've been having, a spirited one, 20% increase this year likely for right across the board in all four quarters and others argue 2019, we see 10%, so we'll see earnings slow down, not -- it'll still be growing, but only half as much, and, therefore, a problem with the hargmarkets. it looks like the markets agree with me. guys, back to you. >> bob, thank you very much for that, yes, all eyes on goldman sachs tomorrow, certainly looking at that as well. meantime, health care stocks are up nicely today, up over 1% for the sector partly because cnbc.com h

>> yeah, the one leading it is united health. all of the focus is on amazon. there's a couple of different elements that they're bringing to bear as i indicated there are health insurers getting involved on the broader side so that shows you there will be a touch elements although what's needs are cost alternatives to what we see today, those are the urgent care centers and surgical and one aspect which doesn't get talked about allot is how to manage data. so how you get that data pool, what can be done with it and leverage it as well. >> as long as you don't do what facebook is doing, right >> no, i hear you. obviously, there's ethical elements to it but the beauty of health care is you don't know the costs up front or the quality and that's kind of surprising given that most other services you're able to shop before you buy. >> michael, thank you for your time today >> thank you, becky. >>> okay, coming up, when we return, believe it or not, earnings season right around the corner again it's time to get your portfolio again, we're going to talk to the head of

then the paralegal firm, the mental health unit, she serves the entire unit and 40% of her work is spent doing this work right now. our intent is to have these two positions be fully doing the work of our mental health unit. so right now this is only a portion of what they do. i think if they had more time they would spend more time doing this and i want to support what supervisor breed is saying about the need to create the three positions in the city attorney's office. i think this should be fully resourced work to be as effective as possible. it is just a portion of their roles so our hope is with this work -- with some of this work being transferred they will be focused on all of this mental health work that comes out of criminal cases. so the paralegal will be serving the mental health unit in its entirety monthly and the district attorney who does this work will be focused on the cases we keep through this process as well as our other mental health work. that inc o includes that variety of things. >> chair cohn: are you satisfied with that? thank you. one question about the distric

: for human yashgs walmart could provide a bigger kest base to compete with slurns rivals like united health care which has overtaken humana as the number one medicare advantage insurer. cvs's acquisition for aetna also theatens to shake up medicare market even more. if the deal is approved, the combined firm could offer compelling medical and drug benefit coordination as well as primary care services in cvs's 900 pharmacies nationally. theseltre new hcare models which haven't been tested on such a big national but the competition to win at these new intergrated businesses could be a boom to consumers. >> we want the savings to flow back toustomers though. and for it to flow back to customers, you have to have a competitive insurance market that forces o aetna humana to compete on premiums and return savings bk to customers. so i think there will be a the love xrutfli tscrutiny. >> neither walmart nor humana would confirmegheiations but with the changing land xap in health care, most analysts say some kind of alliance makes sense now. >>> let's take a look at some of today's upgrades and dow

in profits a sixty two percent increase versus the same period last year in the health sector united health posted approximately thirty percent increase with two point eight billion dollars in profits and drug and consumer health products j. and j. johnson and johnson declared a five point six four billion dollars in the black and increase just short of twelve percent and in the tech sector i.b.m. posted a one point six eight billion dollars in profits which was actually a four percent decline. and a southwest airlines flight that took off from new york blew an engine in trap will smash into a window and damage the fuselage yesterday killing one woman a mother of two who was partially pulled out of the window due to air pressure as the plane was flying at thirty three thousand feet seven other people were injured the plane made an emergency landing in philadelphia this was southwest first fatality in the air in fifteen years and the first us air carrier passenger fatality since two thousand and nine the national transportation safety board n.t.s.b. is investigating the circumstances althoug

united health, for example. it make sense anywhere within health care right now to have a separate pharmacy benefit manager, to have a separate druggist or bitter? drugit -- a separate distributor? les: it never made sense, it was everybody picking money out of the system, so it would make more sense for there to be more relationships.h, it will take some time and there will be a lot of deal activity over time, either deal activity or the perception of deal activity. julie: will it decrease user health care costs eventually? if you are taking -- [laughter] julie: in theory, if you are taking inefficiencies out of the system and removing middlemen, it should, right? les: in a perfect world, yes. but in my career, which has been a really long time, it has never happened, so maybe we can reduce the cost. remember, we are also trying to generationy boomer that is getting going, cost wise. vonnie: other deals today, which would have been a big enough deal if it was not overshadowed by other deals, ge getting rid of p

anded health is benefiting adding customers and south america to offset sluggishness in the united stateshe has -- some has agreed to sell their company. and will focus on biotech new medicine. that is your latest "bloomberg business flash." mark: stocks rising for the .irst time in -- in three days the highest benchmark since february. ftse up. acts of. -- dax is up. have a look at the currency board. the dollar rebounding from its two-month lows. datave had big u.k. earlier, rising for an eighth consecutive day against the dollar. both gains have come to an end. ♪ welcome to the xfinity store. i can tell you about... streaming the most free tv shows and movies on the go. yeah, and... xfinity internet. it's so fast! and you can save by... by getting up to 5 mobile lines included. whoa, you're good. i'm just getting started. ♪ simple. easy. awesome. come see how you could save $400 or more a year with xfinity mobile. plus ask how to keep your current phone. visit your local xfinity store today. mark: i am mark barton. check out what happened at the end of the tuesday session. all industry

united health also raised its full-year forecast.he company is benefiting from to offsetoad sluggishness in the united states. johnson & johnson is opening the health care season with a strong outlook. they raised their sales guidance for this year after posting fourth-quarter earnings that beat estimates. the company announcing restructuring amidst global supply chain -- of its global supply chain. that is your bloomberg business flash. ahead, the imf warning growth will slow, but not just yet. we are joined live from washington. this is bloomberg. ♪ ♪ vonnie: live from bloomberg's world headquarters in new york, i'm vonnie quinn. mark: live from bloomberg's european headquarters in the city of london, i'm mark barton "first word news." kailey: there is a reports that south korea may and its conflict with north korea. north korea and trade will be on the agenda today when president trump and japan's prime minister meet in florida. scheduled a meeting after president trump's surprise meeting to meet with the north korean lloyd -- lea

where does that united health?ady well diversified within the insurance markets. it also has made significant investments in its optum unit. we do not believe united is going to be acquired. in fact, our view is, over time, as we published in our research reports, is that united has been so good at acquiring different businesses in order to achieve the nice diversification. to some degree, humana is mainly focused on medicare advantage. it is a strong growth market, and that is why we believe walmart would be interested in humana. that being said, united is already larger than humana and the medicare advantage market. alix: what kind of premiums could we be looking at here? steven: it is hard for us to try to estimate what sort of premium it would be. the stock, currently, trades above our price target of $2.50. and our price target is based on fundamentals. if you go back to in a half years ago, -- two and a half years ago, aetna was going to buy humana. things have changed. humana has done a good job of eliminati

united health also raised its full-year forecast.nefiting from growth of ron. -- growth abroad. -- has agreed to sell its european generic drug business to advent international. the price, $2.4 billion. it is part of the ceo of's plan coo'sus on biotech -- the plan to focus on biotech. tesla is temporarily suspending production of the model three for the second time in roughly two months. tesla says the four to five day hiatus will be used to improve automation. david: thanks so much. fed chair jerome powell's inner circle is coming together. richard clarida is president trump's choice to be the vice chairman and michele bowman from the kansas state banking commission is nominated to be responsible for community banks. still with us to discuss is burns mckinney of allianz global investors. you, theset tell individuals? burns: this is a great fit. this is something where a lot of the strength that richard clarida brings to the table really complements those of jerome powell. -- j powell powell has a real knowledge of the investment an

you had american express, general electric and united health being rallied under earnings.nd gamble and johnson and johnson were taken to the woodshed. ibm took a shellacking. ironically any long-term holder of the stock has been through these periods ahead of earnings in this particular cook era i'm personally holding the stock in my portfolio and i will ride the waves. the surge in crude oil, energy industrial material names, they led the s & p pack. and consumer discretion. but investors still seem to seek a certain level of safety. incoming fed president john williams, they think he's prepared to sway the body with a much more aggressive plan for fanning inflation. the 10-year bond yield finished up for a 2.956. you know what? i'll be thrilled when the yield hits 3%. it's silly to think that should be the death knell for stocks. i think we have a lot of opportunity to make a lot of money. so be ready. when the market rebound there will be a lot of opportunity. you don't want to miss maria bartiromo's "wall street." she has a special guest. >> i think what you need to wo

merck, united health, and caterpillar leading the dow. and some of the other stock movers here, costco is higher on an upgrade at wells fargo. bank of america lower despite an earnings beat. and tronc up >>> i'm michelle caruso-cabrera and here's what's happening at this hour. bill dudley telling cnbc it would be bad for the economy if trade barriers went up he added he's not concerned about volatility or stock valuations home builder sentiments dropping to the lowest since november verizon taking a stake in helieos and mathisen >>> earnings season has started this hour. will it be enough to get last year's rally back on track let's get to bob pisani and mike santoli. the jury was out on friday after the bank numbers, but today looks better >> it does i'm glad to see that there was an argument on friday a lot of people were making saying this was a sign of peak earnings for example, now that the banks were in and they were okay, therefore we should look to next year where earnings are not going to be quite as strong. my attitude is it's a

united health exceeding the highest estimates, and beating its full-year forecast.ewsmazon getting positive as the supreme court looks at the sales tax issue, which could be very positive for its online empire. let's go to ibm right now, which's falling after hours after the reported orderly margins that came narrower the next abated. sales have stagnated, in the cfo promised that margins what to stabilize the first quarter. the stock has been down almost as much a 6%, so it is the low we have seen in the after-hours session. estimates, and it is important to point out analysts are saying in after-hours that a lot of the performance gates have to do with the weakness of the dollar. that puts pressure on the ceo who is trying to turn things around after dealing with five co s of declining quarters. let's go to gtv to find this chart, this tells us that snp eps estimates are as high as they can be. so we are setting up for a downturn here. ramy: earlier today goldman sachs had first-quarter earnings out. the interesting thing here is this stock fell, explain this. str

goldman, j&j, united health and ibm, ibm after the close today.s market is really all about profits which are currently being reported, bryan is with us, chief economist at first trust advisers, all right, bryan, the numbers so far -- i think look really pretty good. >> they are blow-out. stuart: they are that good? >> yeah, 28, 29% earnings growth, stuart, 25 companies or so reporting. this is a blow-out year for earnings and that's why the stock market will be up, forget mueller and forget trade wars, forget all of this stuff, you to own stocks when earnings are rising like this. stuart: do you think -- the earnings are so good, do you think it'll give us another leg up for the market? in other words, above the old high which was 26,600, i think it was. >> my forecast is 28,500 for the dow, 3,100 on the s&p 500. i made that back in december. i haven't changed and i'm not changing, you know, so we've gone through a correction, fears of trade wars, fed rate hikes, all of these things. by year's end. it's like -- what that is roughly a 15% year and

on tuesday california community colleges announced a partnership with seiu-united health workers jointation fund. the partnership would help develop the would-be college's first program... medical coding. back in january governor jerry brown proposed an online school for those without the degree or skills to move up in their careers. the plan still needs to go to the legislature for funding. if it passes the plan is to get online college up and running by fall 20-19. ( james ) a group of people in solano county are demanding supervisors say no to california's sanctuary state law. the new bill bars state and local law enforcement from helping federal immigration agents. about half a dozen people showed up to speak to the county's board of supervisors last night. many there called the bill unconstitiution al... and asked that solano joins the lawsuit against the state of california. solano county's attorney told speakers that the county has no authority to throw the bill out... unless a court rules it unconstitiutional. ( darya ) happening today... the u-s supreme court will hear argumen

health care this is annual per capita health care cost by eight all these other countries are those competitors of ours spain sweden u.k. germany red is the united states notice that that is all from especially sixty sixty five years old when people go on their free medicare the taxpayer the government pays for your health care once you're retired and then people start consuming it out of control because those prices are also based on these so-called free market prices of the thirty one thousand dollars a year as you see by the time they're ninety the average per capita spend here ninety years old person. forty five thousand dollars a year the government is spending on them we pay thirty one thousand. doctoring years but here so it's all going to the upper you know age groups and that is another unique trend in the united states is those post-retirement post sixty five year olds working there entering the workforce at rates higher than the twenty five to fifty four year olds why because they already have health care they don't need to worry about shoddy health care products being offered by retail sector jobs and then also the employers especial

quarter% for the s&p and down the nasdaq was again right there to taking a look and by the way united health chevron and mcdonald's best of the month in a quickie on disney and twitter and that's a deal but disney is creating for entertainment shows for twitter. twitter is up 4.5%. liz: oil initially spiking this afternoon in in reaction to israel's claim that iran has been cheating on the nuclear deal. how do you interpret all of this and what are the traitors saying? >> the traders are waiting and watching to see how the world reacts to this announcement. on one hand they say this is an adlai stevenson moment like in the u.s. during the cuban missile crisis when a show proof that the russians had missiles or to be more like a powell moment at the u.n. were obviously they have all the settlements up chemical weapons and maybe or maybe not that ever develop so that's what the market is going on now but make no mistake it had a major impact on trading. we did the same thing on goal. gold at the end of the month came roaring back but right now the odds of sanctions on iran have obviously gone

united health is now the number one medicare advantage insurer by membership. clinic presence. it has about 200 across the country and home health care services which would be a big differentiator for both firms. >> the longer-term question in health care is how much of it will be a touch business, which in my opinion will always be and that means you need a physical presence. but i think the key for walmart will be to access the home health element here, and humana's focusing on senior citizens >> and also being able to offer those services in the senior market is critical, because if the cvs/aetna deal is approved, that combined firm could offer compelling drug benefits humana shares are up on the news today. that's putting its market cap close to $40 billion, which would be a very sizeable deal for walmart if it were to decide to pursue an acquisition walmart declined to address the speculation, guys. >> bertha, just collecting some of your reflections as when you first heard this news and put it in the context of some of the other deals we've actually seen

2.8%, the nasdaq 100 down more than 3%, two stocks in the dow are higher including mcdonald's and united healthi should mention volume is ramping up.below the 20 day average, but rising as stocks are falling over the course of the day. vonnie: i am sure some people are not around today, the continuation of the holidays, nevertheless those are sharp losses that we will continue to monitor. this is bloomberg. ♪ vonnie: live from new york, i'm vonnie quinn. julie: i'm julie hyman. this is "bloomberg markets." vonnie: it is going to be another volatile day, as if we do not expect that. we have some losses for the s&p 500, the dow is down 2% and the nasdaq 100, down 3.1%. right now, the movers in the s&p 500, take a look among the worst performers are hunter resources, tyson. we of energy companies, also some that could be affected by potential tariffs from china and home builders, which could have been affected by the economic data that we got earlier today. and we do have some in the s&p 500 that are higher. but they are deal companies, humana potentially getting into gettingngement -- into an arr

on tuesday california community colleges announced a partnership with seiu-united health workers jointation fund. the partnership would help develop the would-be college's first program... medical coding. back in january governor jerry brown proposed an online school for those without the degree or skills to move up in their careers. the plan still needs to go to the legislature for funding. if it passes the plan is to get online college up and running by fall 20-19. ( darya ) the fresno state professor who called barbara bush "an amazing racist" and cheered the former first lady's death will ánot be punished. the school's president says he reviewed her comments and determined that randa jarrar did not violate any policies. he says jarrar was acting as a private citizen... using her personal twitter account... and that her comments are protected as free speech by the constitution. jarrar called the former first lady a "generous and smart and amazing racist who, along with her husband, raised a war criminal." ( darya ) coming up on the kron 4 morning news... two women -- trapped under a

united health offsetting losses from goldman and j&j adding 51 points to the dow after a number of wall street brokerages boosted price target for the insurer following strong quarterly results. unh is up 3.25. this is powering the nasdaq. netflix really good to be a netflix shareholder, even if you bought it yesterday. you are up nearly 9% today. this is an all-time high. the actual all-time high $387.89. just slightly off it right now. it is the best performing stock not just in the nasdaq but the s&p. not only that, on track for a record close as investors applaud a record number of new subscribers. 7.4 million people decided to get a netflix account in the first quarter. netflix the first technology giant to hit an all-time high since march 13th. it's been that long since we've had a rip-roaring companies where other companies hit the highs. netflix up 8.66%. we started to tell you about starbucks before we went to mar-a-lago. will close 8,000 of company-owned stores for just one afternoon, may 29. the coffee giant plans on that afternoon to train 175,000 employees to, quote, conduc

insurer, united health, rose nearly 4% after raising its profit forecasts for the year.son looks like a profitable, profitable quarter. s&p growth expected to be 17%. the best since 2011. >>> today is the new tax day. in an op-ed yesterday, the president out to the his new -- touted his new plan as a boon for wall street. s&p workers have given workers about $6 billion in bonuses and wage hikes. $6 billion for workers. american companies have announced $171 billion in stock buybacks. a record high. that's a boon for investors. the lower corporate rate is boosting banks such as jp morgan chase, wells fargo. earnings raise $2.5 million last quarter. that is their tax windfall. >>> facebook is asking users in the eu permission before using their data in targeted ads. the changes will roll out in the u.s. this month. facebook faces scrutiny after facing to protect data. it is joining microsoft and 32 other firms in the cybersecurity accord. the pledge to work together on cybersecurity issues, standing up to governments that launch cyber attacks and protecting against tamperi

ibm, nike, coke, microsoft, united health, you notice this is a broad and diverse group of stocks, manynternational. the s&p 500 leaders elenore corp., dr horton, under armour, lots of housing here. consumer cyclicals, telecom, tech, financials, so losers on the dow, industrials and energy. you know i could tell you the winners here sharply outnumbering the losers. you got to think these guys are very, very upbeat and positive. liz: yeah, and teddy, i'm sorry, i need to hear from you what you think beyond larry kudlow, if anything. if it's larry, great. what is driving this relief rally? >> i guess larry would like to get all the credit. i think that would be a bit much and i'm not sure he would take it, by the way. it's a pretty spectacular day. these one-day reversals, whether up or down, technically are always very important, liz. you know down 500 on the opening wasn't unexpected but quite frankly, i and a lot of the folks i talked to really were not nervous about the opening today because you knew the reason, we've been there before, we understand, but the real surprise was that ge

not an overnight positive only one stock that has been positive all day on the dow and that is united health care, which is up 1.4%. >> so much consolidation across that space the question the journal was raising what the effect would be on hospitals if a company like walmart is trying to provide more of your health care or gaming up with one of the insurers not a lot of bright spots, at the dow is off its lows. >> only down 480 points. >> yeah, only down 480, about 2% how about financials hit hard today trading lower. around 2% or so, 2.25% last check. >> down more than 4% this year is there still opportunity for investors within that broader sector joining us is tom brown. thank you for joining us it's interesting to see the whole sector off to me year-to-date, quarter-to-date, given that clearly yields are still up from where we started the year they slipped a bit and volatility is up as well on both levels, thinking simply, shouldn't we see these stocks gaining over the last three or four months instead of falling back >> we should be. some of them have. our portfolios are up so far this

the largest insurer, united health, rose 4% after it made more money than it thought for the year.owth thought to be 17%. that is the best since 2011. today is the new tax day. in an op-ed the president touted the tax plan as a boon for main street. right now the biggest winners are wall street thanks to the new tax law. s&p 500 companies have given workers about $6 billion in bonuses and wage hikes. u.s. companies are giving investors $171 billion in buybacks. a record high for stock buybacks. the boon thanks to the lower corporate rate. the lower corporate tax rate boosted the profits of the big u.s. banks like jpmorgan, goldman sachs, wells fargo, a combined $2.5 billion just last quarter. facebook is previewing its privacy update, asking european users' permission before using their data in targeted ads. changes will roll out in the u.s. this month. facebook faces scrutiny after failing to protect user data. it's joining microsoft and 32 other tech firms in a cybersecurity pledge. they plan to work together on cybersecurity issues like standing up to governments that launched c

people were talking about united health care earlier today. that stock has come down substantially. >> at $215 >> absurd. everybody is jumping over themselves to merge in that space. they have the business model already in place, working. more than working. and yet the stock fell 14% so that's the kind of thing i'm talking about when i talk about fundamentals it's find, pick and choose which companies are strong, when they get hit, that's when you buy them, like last friday >> let's talk about facebook founder mark zuckerberg arriving on capitol hill a few moments ago ahead of two days of testimony on the data scandal. kayla tausche following the money for us kayla. >> good morning. yeah, mark zuckerberg, ceo of facebook, is in this office behind me, meeting with florida senator bill nelson, the top democrat on the senate commerce committee, one of the committees questioning zuckerberg this week zuckerberg entered close to an hour ago, wearing a dark suit, flanked by some members of his security team. and he was also armed with a recently publ

today, the the case dow was the leader on the session with stocks like boeing, united health care, johnsonping lead the gains there. this was in terms of the best-performing groups. energy with the leading groups today. saw all 11 groups in the s&p 500 fall yesterday, all 11 groups rose today. nonetheless, still, something of a comeback in today's session area in terms of the individual stocks, we have been talking a lot about amazon today. obviously a big swing in those amazon chairs as well. a session,t during the stock fell by as much as 1.2% and then recovered. the rhetoric from the white house and president trump's twitter feed is not translate into the reality that there any discussions to take action on amazon in the white house. spotted by with its direct listing situation, the music 149.01 atservice at days end. it rose as high as 169 during the day. tesla browsing after the company announced production that was lower than his goal. it was just over two. -- 2000. analysts said it was not as bad as feared. it is a heavily shorted stock. when you ship -- see it bounce, you get short

when united health can pay aarp $500 billion a year for selling their plans, there's something wrongthere. it's the middle man again. >> i'm michael myers, executive director of new york civil rights division. how do you pay for precision medicine when it comes to the production and distribution of vaccines for viruses such as the flu, vaccines that are ineffective? and how do you pay for the backups? and to the doctor, is there any way that they can be a backup to vaccines that don't work? if your flu shot doesn't work can you go back and get another flu shot because you have a backup? why don't we have backups? i don't get it. >> we do have a backup. tamiflu was effective in this. about every fifth year the cdc misses the combination of viruses. they look around the world to forget what we should put in to our flu vaccine and then great pharmaceutical companies make whether directed to make. this year they just missed it. the fact is most years they don't. if you are treated only with tamiflu, long-term consequences, the percentage of mortality with it goes way down. so the questio

united health care, they beat the estimate. investors loving that. amazon potential he benefiting from a favorable decision on internet sales tax. let's go to the bloomberg. this chart has to go -- has to do with investors preparing for a downside. u.s. markets are priced for the best case scenario. the warning is that the increase in potential downsides at the end of the cycle is now upon us because the market has been priced for perfection. yvonne: we followed with the banks,als, because the --dman reported bond traded bond training and the stock still fell. reporter: they fell on a combination of things. is this sustainable? and they are cutting back short-term on their buyback. this chart has to do with the fixed income revenue versus the stock price. goldman now has be all their rivals in terms of higher credit commodity trading results. there is a question as to whether a larger job would have proved it was back. it is a high-class problem to have. we are seeing goldman flat today but it has been set to perform better as it will be restoring th