but you could have a company, for example, health care sort of boring staples and defensive health care. unit t health and it's second largest health care company in the world and you cat nly have some growth call it 20, 25% and you might not have the 80% or 90% growth like netflix and amazon. it's still pretty compelling. >> i eoyed the conversation. mike bailey from fpb capital, thanks for joining us. >> thanks for having me. >>> johnson & johnson was the best-performing stock after we reportednetter t expected results fueled by the company's pharmaceutical andedical deviusinesses and results from j & j's consumer unit were weak and that's not worrying the company's cfo. >> it's a business that we have strong plans for in the second half with the relaunch of not only the baby brand, but also a mber of new product introductions. >> overall, the investors like the reportnd the sto is up 3.5% in today's trading. shares of united health they moved in the opposite direction and the nation's largest health insurer fell more than 2% making it the worst performer in the dow today, this despite a do

>> yes >> united health >> the quarter was fine. they beat and they raised. the quality was mixed. bit of help on the tax the mlr was also worse than expected the stock is up 15% year to date high expectations. just sell the news i like it. >> j & j with a beat >> yeah. back to some april levels, judge. but the february number when it was 147 or right around there, and felldown to the low 120s o that move. the good news is that their pre-tax operating margin up 150 basis points they say their medical devices will start kicking in to provide some boost if that happens, then maybe we can get back but there's a big overhang around -- gosh, where is this. 133. >> steph, what gets this going is this enough to get j & j? >> i think so. 11% farm vut cpharmaceutical sas that's impressive. med tech, that has been an ailing part of the business. it's corrected up 180 basis points year over year that's why you see added rallying and zimmer. they're getting their act together i think the valuation is attractive here. >> gold prices lowest level in a year we'll get the trades from the futures p

oldman saxe, johnson & johnson, united health, united, that is the biggest drag on the dow. the middle of prime day. the stocks going up despite some glitches at the start of prime day yesterday. 1837 is your amazon stock price now. netflix don beyer, but not as much as it was earlier. now it is down 32. it was down 52. subscriber growth fell short. we will get into netflix more later this hour. he has been named an enemy of the state in russia after is a massive corruption and putin called him out during the news conference in helsinki yesterday. stay with us because bill browder will join us next. >> we can bring up this particular case. business associate of mr. browder has earned over $125 billion in russia. they never pay any taxes, neither in russia nor the united states. and yet, the money escapes the country. with tripadvisor, finding your perfect hotel at the lowest price... is as easy as dates, deals, done! simply enter your destination and dates... and see all the hotels for your stay! tripadvisor searches over 200 booking sites... to show you the lowest prices...

united health care is the worst performing health care stock today. stock reporter joins us now. is this simply a case where expectations were higher than what they were able to deliver? >> yes. -- they were projecting beat what analysts were projecting, but that was not good enough for investors. they missed the highest estimate we had on the bloomberg and medical costs were higher than anticipated. has beaten the average of analyst and adjusted earnings projections up for every quarter since 2009. that helps bring some perspective. that is why we are seeing a reaction in shares. the key support level has helped to the stock so far. julie: quickly now, what is going to be the main growth driver for the company? have been diversifying and investing in their health care unit. they have been acquiring surgery helped, and that has drive units. to a: all right, we will see about a recovery. at the broader markets, it is all green. stocks have recovered from earlier weakness. high.sdaq intraday this is bloomberg. ♪ julie: that didn't really happen. in a fe

united health raised its full-year outlook.he netflix thing is unbelievable >> you kacan't netflix and chil now. >> is it starting to be valued like a financial asset now? >> not yet >> but it was subscriber growth. >> this has always been a story of growth. the second growth slows, if you have continuous quarters of slower growth, can you assign that valuation to it netflix's second quarter results sent the stock tumbling. we will show you where it is now. down about 12% this morning. the company releasing disappointing third quarter guidance and lower than expected suspected subscriber growth. you may remember this conversation yesterday about subscriber growth. that's what we were talking about during the program >> when does netflix become priced like a normal financial asset? >> if you talk to any media ceo they will say the playing field is not level >> never happens >> some day, but for the foreseeable future they have so much momentum. >> terms of growth >> as long as they hit the subscriber numbers, what wall street ex

united health plan administers the city plan, a ppo available to active employees, early retirees and medicare advantage. ppo plan for most post-65 retirees. we did a few design changes there. that plan has the unique responsibility at this point in time of addressing the issue of some of our employees and retirees that live in an area where they do not have options to buy into the -- or utilize kaiser or blue shield. so we created a new plan that addresses those people. united was able to contain some costs by the recon contracting that they do. there are some changes that the member will pay in drug co-payments and out-of-network deductibles. and we worked to try to balance the spread of the payment for families, so it's more equal to what people experience when they buy the blue shield product. the health service board also approved a decrease in premiums for the medicare retirees under united healthcare and had some design changes associated with them, which were quite helpful. they've standardized a preferred diabetic supplies, which is a cost savings. standardized some of the pr

you're going to say wait a second that doesn't visit but if you look at optimum, it does buy united health >> caller: boo-yah, mr. jim cramer. >> boo-yah >> i'm sorry, which one? >> from the energy capital of the world, i was saying. >> oh, absolutely. texas. most definitely. what's up? >> caller: wes i'm in it for the dividend and the growth so in your expert opinion, is it possible >> yes, it, actually i think these stocks are undervalued. the one i've been looking at dc mid street that yields 7%. they just bought the dividend. i think you're in the right spot, and i'm willing to go with you. david in illinois, david >> dr. cramer! aka white trout and el monstro fisherman, welcome back. >> el monstro, 7 1/2 a record-breaker as far as i'm concerned. certainly for me 45-minute fight. my arms are still tired. how can i help >> caller: good deal stephanie link and i like biomedical device company, zimmer biomet holdings, zbh. >> who i am to disagree with the linkster or dave i think the device sector is good and another one that she and i like very much is abbott. >> buy, buy, buy >> there w

industrial average and those dow 30 and of course the heavily weighted ones , boeing, chevron, united healthd dow dupont accounting for more than half of the dow gains some have 132 points right now and also all-time highs for united health and visa so as i said as we're approaching the 25,000 mark we might be able to start noting some all-time highs once again. and then you mentioned earnings season pepsi came in this morning better-than-expected numbers for the quarter beat in the top and bottom line they reaffirmed their outlook, we'll get today after the bell too that too is higher delta later in the week and then the banks on friday so big picture for s&p 500 companies we're expecting earnings growth of about 20% little less for the banks obviously, tech will be hot, and we'll watch for those banks friday so key but pepsi really blowing it out of the park leading the way, up about 4%, trish? trish: thanks so much nicole. all right everyone you know the conversation never ends here. you can head over to my facebook page, at real trish regan and also head over to my twitter page at trish

united health care is ather example. to be able to put labels on these stocks and think that we can develop and invest in ath strategy fro, is something we don't subscribe to. >> what does the individual investor do then. go look for fairly valued stocks withot goodm line? how do you determine what is going to grow your portfolio, regardless of whatever the definition is by the money managers? >> sure. question.eat and really how we counsel clients is, a well diversified portfolio, that's going to be able to capture what growth has to offer over a long term you want to segment your portfolio among different capsizes. large cap, mid s cap,ll cap. all of those have different value components. large cap growth and large cap value. there's not muchum of a pre value there. oftenimes it will pay a premium over time, having your bets spreadosut a a number of different factors makes sense for the average in keeping your costs low, and being able to stay the cost through the ups and downs of the market. >> which brings me full ci

kingdom where we bring in united health from america where the c.e.o. makes one hundred million dollars a year he could perhaps make two hundred million dollars a year instead if you give him the british healthcare system and turn every british citizen what i'm sorry british subject to somebody like max and stacy who are plundered relentlessly monthly by obamacare or the government works out of him with these consultancies and the word they come up with is oligarchic or you could call it a cartel and they could also point out that back it a racket and as price fixing the mean one of the basic anti-competitive tricks that they use in these accounting trick in their account and so they would know best they are engaged in price fixing so all those big four firms they collude which is also illegal and they fix price so they collude and they compete i mean obviously kate p.m.g. defrauded young and deloitte in that situation where they used unfair information incisor mation exactly like lehman brothers was cause not playing game ball with the other banks on w

kingdom where we bring in united health from america where the c.e.o. makes one hundred million dollars a year he could perhaps make two hundred million dollars a year instead if you give him the british healthcare system and turn every british citizen what i'm sorry but if subject somebody like max and stacey were plundered relentlessly monthly by obamacare the government works out of him with these consultants isn't the word to come up with oligarchies or you could call it a cartel and they could also point out that back it a racket and as price fixing the mean one of the basic anti-competitive tricks that they use in these accounting trick in their account and so they would know best they are engaged in price fixing so all those big four firms they collude which is also illegal and they fix price so they collude and they compete i mean obviously kate p.m.g. defrauded young and deloitte in that situation where they used unfair information incisor mation exactly like lehman brothers was caught not playing games ball with the other banks on wall street

kingdom where we bring in united health from america where the c.e.o. makes one hundred million dollars a year he could perhaps make two hundred million dollars a year instead if you give him the british healthcare system and turn every british citizen what i'm sorry british subject to somebody like max and stacy who are plundered relentlessly monthly by obamacare or the government works out of him with these consultancies in the world to come up with oligarchies or you could call it a cartel and they could also point out that back it a racket and as price fixing the mean one of the basic anti-competitive tricks that they use in these an accounting trick in their account and so they would know best they are engaged in price fixing so all those big four firms they collude which is also illegal and they fix price so they collude and they compete i mean obviously keep p.m.g. defrauded young and deloitte in that situation where they used unfair information incisor mation exactly like lehman brothers was caught not playing game ball with the other banks on w

totally agree on united health care this is one of the best performing stocks over the last years. not just because of a regulatory environment that may be better for them ultimately they are growing internationally. their margins are better this story comes right back to the tax deal and consumer and places where i think they are very -- >> what's super important to recognize how underweight the general population in larger cap and midcap names they are completely underweight. we've been waiting a long time for that contingency or that investor to come back to the table and start playing in this game and they are starting to come back. >> okay. back to being the debbie downer, though, big cap are exposed. you look at merck, lilly, haven't heard retaliatory measures on big pharma so they could be potentially exposed in this there are other ways to play health care. you could play health care reits. health care reits in the managed care space, that's a big and growing space, a huge aging population another way playing health care space is basically playing it through -- >> you don't

now on bbc news, fiona walker investigates a mental health unit at breaking point, where patients sayn bullied and illegal drugs are rife. when your mental health has hit rock—bottom, hospital should be a place of safety. he lifted his hand and slapped me really hard on my thigh. it's assault. but we've heard a very different story about one mental health hospital. i couldn't walk for a week, the week after, because the amount of pressure they put on my hip. the nurses were pushing david down on the bed and this gentleman was saying, "you psychotic bustard." a toxic culture where illegal drugs are rife. were you offered them? yeah, everyone was offered them. experts say what patients describe would be abuse. what really concerns me, if it persisted, this unit, it would represent a continuing scandal in mental health care. so should it be closed down? i think it should be closed down. adele douglas is from forfar and is a youth worker. like a growing number of young people, she has mental health issues. last year, she was in a dark place, wrangling with depression and anorexia. it's li

united health care, the nation's largest health insurance company and aetna have recently announced they will do this for their customers next year. the president trump: administration has recently considered a planned to do the same in medicare part d. we think these are all steps in the right direction. also more employers should exclude chronic medications from their high deductible plans. we do this. in high deductible plans, your cost resets every january 1, but your disease does not reset. we need to make sure the patients can stay on their medications for the long-term. but many employers have not done this. and one of the reasons is the irs has not made it clear this is a deductible tax expense. , like a preventative service. the standard required to exclude from their taxes. congressinistration or should clarify this immediately. upfront coverage of chronic medicines is an immediate step we can take to improve adherence and improve outcomes. finally, value. health care can no longer be about delivering certain products and services. the future must be about making people healthi

. >> and also replaced by companies who have a lot more to do with outsourcing like apple and united health that depend o on. [inaudible] you see a shift from a manufacturing company to those who depended on asian labor instead of american labor. that helps you track the trend of why people in government and business are making different decisions without regard to people who work with their hands everyday i wanted to ask you a question about the durability of the coalition. sometimes coalitions don't win elections when the coalition goes way. just the way we saw president barack obama create a coalition that worked so well with him on the ballot but not so well with hillary clinton, how much of this is dependent, do you believe on trumping the head of the coalition versus whatever his successor maybe whenever that may be. >> lessons are binary. i'm a make a prediction and it's tough to make predictions in the age of trump. you begin to look like a fool before it's over with. i certainly didn't think he would be the republican nominee for a long time. my production will be that the democrat

though income united health, caterpillar, down 1% or more. there you see it right there. think coming today? the markets down about 1% in futures trading. are we going to see a major selloff and is this a new theme? >> i'm not sure about a major selloff. people believe the trump administration is using this as a negotiation type tick. i think the market thinks it's a very big negotiation type to it, but that is the hope at least. would love to trade on market fundamentals. you have low unemployment, 20% executive earnings growth going forward. the rural market is just amazing. 35% to 40% comes from the trump tax cut. this administration if they would just stop the trade war and get off the twitter. the problem right now is the market is trading a lot. the administration and nobody wins the trade war. >> certainly controversial. we are yet to see what the impacts are long-term. let's talk about fundamentals, particularly earnings. the second quarter should be paying up for s&p 500 stocks are to be 20% higher. banker and it's coming out friday. those are supposed to be incr

act puts onuspe towards your ers and inpatient health units defined treatments, outpatient treatments and inpatient treatments when it comes to heroin and opiate addiction, all addiction across-the-board. opiateeroin and addiction prevention efforts, but it is something maryland has enacted in the last 4-5 months, and hospitals have to provide those services to individuals who come in from an overdose. usually when they arrive, they are revived, good to go, and they want to leave. they refuse outpatient and inpatient treatment. there's nothing we can do. that is they are right -- their right. >> good morning, everyone. thank you for coming to our round table to discuss the opioid epidemic. i'm the baltor

i guess with united health are shaving off more than 60 points from the blue chip index but goldman reported earnings that beat the reported revenue that beat, they topped estimates on just about every metric except they were flat on equity trading , and the markets did not like that considering jpmorgan and citi and wells fargo did better than goldman sachs, also huge news confirmed david solemon will officially take over the ceo job effective october 1 and replacing lloyd plankfein, who serves 12 years and up next we'll head to the floor show and look at exactly what's moving right now. maybe your portfolio stocks, stay tuned now the dow is up about 70 points we're coming right back. insurance that won't replace the full value of your new car? you'd be better off throwing your money right into the harbor. i'm gonna regret that. with liberty mutual new car replacement we'll replace the full value of your car. ♪ liberty. liberty. liberty. liberty ♪ you shouldn't be rushed into booking a hotel. with expedia's add-on advantage, booking a flight unlocks discounts on select hotels until the day

united health, all-time high. so this is first time we're seeing these dow components this month hitting all-time highs. as i mentioned, i wanted to also get to google. now google, late in the day here, last half hour, had very had very heavy trading volatility. it came back and sold off, i won't say $10, maybe six dollars. so had a lot of volatility on the day. all of this because european union antitrust division preparing another multibillion dollar fine against google's parent company, alphabet. look at pepsico. look at pepsico. it led today. it beat, beverage sales are week over last four quarters. they moved into the sparkling water and grabbing market share. it jumped five bucks. good news there. last but not least, couric dr. pepper. this is couric green mountain, made with dr. pepper. this is the first day it traded. kdp is the ticker symbol. i checked late, it was 10%. i don't see the final number. but it was a leader today. back to you. melissa: thank you. david: love my dr. pepper. bring in today's mar

united health that depend on government payment schedules for their income. you see an evolution of the manufacturing country to a country that depended on asian labor instead of american labor and government payments. that helps you track the trends of why people in government and business are making different decisions without regard to people who work with her hands everyday. >> wend are here with brad todd and zito with their book train for it here on sirius xm. i wanted to ask you another question about the durability of the coalition. sometimes coalitions don't win an election. so there are really two questions here. one, is this for the foreseeable future the new republican party coalition, win some, lose some, this is what is available to them. and just the way we saw president barack obama creative coalition that works so well with him on the ballot and not so well with hillary clinton on the ballot, how much of the potency of the coalition is dependent, do you believe on trump be in the of the coalition versus whoever is at the top of the ticket wil

morse of a boost than it's gotten it went up nicely at first there were some real good quarters united healthwow, standout but the stock got weaker why? because the company beat itself up unnecessarily on the call dana hearst the winner so far. the industrial versus tough. aside from general electric, we've been seeing some robust action, but it's all been in aerospace. if it weren't for the power division, g.e., which has a huge aerospace division, it would have been fine, although wondering how ge would have done without power is kind of like asking but other than play, mrs. lincoln, how was the play? you know, it's really unfortunate. i went over that quarter multiple times, and rather than panning ge, i'm calling it a work in progress of course, steve tusso over at jpmorgan had a new negative thread the accounts receivable off-loaded on to ge capital. their accounting sure was squirrely, something we never would have known as long as business stayed strong this came out when things started declining. i think ceo john flannery is doing his level best to turn things around, but rome wasn't

medicaid is the single largest payer for mental health services in the united states. in 2015 medicaid covered 21% of adults with mental health illness and 26% of adults with serious mental illness. i'm concerned that actions taken by the trump administration to make it more difficult to receive medicaid and increase the cost of health coverage will suspend adjustment payments to insure high cost patients will make it more difficult for americans suffering from mental illness and emotional disturbance to receive treatment they need to live in a full and healthy life. before i close i must note that on the ongoing mental health crisis created by the trump administration regarding the separation of children from their parents. the american academy of pediatrics has emphasized in highly stressful experiences like family separation can cause irreparable harm disrupting a child's brain architecture and affecting his or her short and long term health. this type of prolonged exposure is serious stress known as toxic stress can lead to lifelong consequences for these children.

month, in june, a -- was signed between the united states ,nd the kenyan government security, manufacturing, health. intogreement goes engagement with the united states government in the areas of manufacturing, infrastructure development, clean energy and , a digitalnergy economy and all other areas and oil. mining learned,ave essentially is feeding into the priorities for the kenyan governor -- government. kenyanorities for the government is the same as the priorities for the national government. security and energy and transportation, essentially this matches with the priorities that we in kenya are focusing on. we think this is an area where we will be able to have advantages, particularly with the strength that you have. we have seen through engagements , highly leveled discussions that are going to benefit us more. seen engagement with the industry, the private sector industry that lasts yesterday and this morning. gives the opportunity for innovation to contribute to the governorsd, which the -- to them. this is something you can take back -- we can take back and put in those quality engageme

united health's effort to diversify is paying off. , providingup 22% consulting, clinical, and drug servicesamazon sales rose in the opening hours of its prime day sales event, despite technical glitches. shoppers spent 54% more in the first hours. amazon's 36 hour shop is expected to generate $34 billion in spending. boeing keep racking up sales of the farnborough airshow outside london. an unidentified customer has signed a memo of understanding to buy 100 jets. no word on the value of the deal. earlier boeing announced a big cargo plane deal. that is your bloomberg business flash. j&j shares of after a second-quarter was pretty solid. the company gave full-year guidance below media analyst estimates. it had a tenuous forecast for drug sale revenue due to a stronger dollar. joining me from the company's headquarters in new jersey is joseph wolf. wolk.o see you -- joseph good to see you. a trade war effect, and have that affect other parts of your business going forward. guest: pleasure to be here this morning. it is not really attributed to the trade war at all. just say it is the macro im

united health, the earnings underwhelmed,st sir shares almost down 3%.e comments boosting him -- even if the rate hikes are thatal, it will give boost. >> this is pretty extraordinary. this is a -- that boost. f -- if we take a look, this is a one-year chart. we see the buyer is trying to it mayntrol, however suggest the rally we are seeing could be short-lived. >> plenty of headlines today. let's get to first word news. >> president trump says today. let's get to first word news. >> president trump says he misspoke and does not see why russia would have interfered in the 2016 election. reporters he told russia wouldwhy responsible. responsible. prosecutors want to russianquestion american intelle agencies in their investigation. today's announcement follows that summit. mr. putin offered to allow investigators -- iran says there is nuclear cooperation with the united states. oncesay it want -- washington to stop its hostile policy against iran. the u.s. is expecting north korea to turnover 55 sets of remains. that will be the first time in 13 years they

chief investment strategist scott, the biggest winner in the dow today was johnson & johnson while united health biggest loser. mike, as far as technology that really was the stand out especially those big cap faang names. >> kind of passed the test you had netflix which was one of the two best performing tech names all year down 5%, at one point down double digits. it seemed as if once it became apparent in the morning that wasn't going to spread into this selling opportunity for all these other stocks, tech held up well and in the broader market you had this kind of grounding rally. the market seems to do enough rotating to call a win on a day it was otherwise pretty quiet. and not and lot of catalysts >> do you also think it's justified for the rest of faang to be up today despite netflix >> it'll look more or less like a warning shot across the bow, not the end of the line certainly. you know, it's funny i heard bob just a few minutes ago say how much the earnings had grown at netflix the earnings have grown if you -- if you spread the cost of the content out over ten years instead of three

cases in family courts in 2012. 32 women have died after being physically restrained in mental health unitsapril 2017. the figures revealed by the charity agenda, which works with vulnerable women, says the trauma of being held down can bring on heart attacks and cause some people to take their own lives. later this week there'll be third reading of a bill in parliament aimed at reducing restraint. police on the scottish island of bute are trying to piece together the final moments of a six—year—old girl whose body was found in woodland yesterday morning. residents joined the search for alesha mcphail, who was reported missing ataround 6:30am. the cause of her death remains unknown. 0ur scotland correspondent james shaw is on the island. alesha mcphail was reported missing in rothessay on the island of bute early yesterday morning. a few hours later, the six—year—old's body was discovered by a member of the public in woodland where police have since been carrying out detailed investigations. her death has caused immense shock and sadness in this small island town. detectives will want to un

caller: the hope act puts a lot andnus on your er's inpatient behavioral health units to find outpatientreatment, even inpatient treatment when it comes to heroin and opioid addiction, and all addiction across the board. opioidds for heroine prevention efforts, and it has been recently enacted in the past four or five months. fall initals have to line with providing those services to those individuals. to our when they arrive ed, once they are actually revived or good to go, they want to leave. they refuse outpatient or inpatient treatment, and there is nothing we can do about that. that is their right to refuse. unfortunately, some of these people are going back on the and overdosing again within 24-48 hours. that is kind of what the hope act is about. host: we will be joined in less than a half hour by dr. leana wen and, the commissioner of heh for baltimore city. we will ask her about that and other topics. t, from new york and impacted by the crisis. good morning. caller: good morning, pedro. i was calling to tell you a little bit about how my friends died of a drug overdose last yea

leading the dow was united health while mcdonald's was the biggest laggard.git. and clorox lagging that index. we usually talk about technology. for a change that was not the leader. it was financials and industrials. >> tech takes a breather. i wouldn't want to predict this is the rule for the summer. if you lived through last year this kind of low drama, drift higher, some groups not participating. but today industrials and really transports was kind of seizing on the good earnings. and it was just enough to tack on a quarter of a percent. that felt like 2017. the vix goes below 12. does that mean the coast is clear or are we emptying the tank and waiting for the next catalyst in. >> banks rallying because of better earnings that could continue for the rest of the year. >> it was both really. i think powell's comments helped the banks. expectations got so overdone on the negative side. remember, we have 13 straight days of negative performance for the financials in the second quarter. it didn't take much. you have tons of de-grossing happening. no one reall

boeing, chevron, united health. those names account for more than half of the dow's gains alone.e are seeing gains across the board and we are seeing strength in materials and energy as well. now we are looking at castle, doing something no other foreign automaker has attempted before. building a factory, a network of suppliers without the support of a local joint venture partner in order to help navigate. in fact, elon musk is there in shanghai signing a memorandum of cooperation with the mayor. this could be under fire because many u.s. companies have had the pressure to keep their jobs right here at home. the plan here is to build 500,000 vehicles. the annual capacity of 500,000 vehicles is the plan that they are working on in shanghai. back to you. neil: nicole, thank you very much. keeping up with all the entrants now, the 21st century fox was a big thing going on at the sun valley media conference for charlie gasparino is on the phone and telling us the latest. charley. >> until i get thrown out of here. listen, dealmaking is the hot topic here at sun valley conference. no

england simon stevens used to work at the controversial us health company united healthcare predictable that we should be going along towards the american style of health care absolutely i mean simon stephens' as the n.h.s. chief executive of an interesting land is emblematic sadly of a much bigger problem here goes beyond the n.h.s. and extends to to the bigger issues of public services in our society which is that there's been a corporate capture of democracy through such strategies as the revolving door political donations corporate lobbying and what we're seeing is that the top levels of the department of health and office in parliament with health secretaries health ministers we're also seeing at the top levels of n.h.s. management there is a massive revolving door and started stephen's as you've mentioned was alan milburn and tony blair's lawyer and the former health secretary defending the health service on this seventieth anniversary saying are wonderful it is well i'm in melbourne along with under obviously the blair and to simon stevens and that whole team actually what they d

those discounts paid by manufacturers to pharmacy benefit managers like express scripps, cvs, and united health opt ups saying it's a principle part of the plan, and he thinks drug rebates could be eliminated entirely >> he mentioned the price hikes were delayed temporarily any idea how long that might be? >> when pfizer implemented the deferral, they said until the end of the year or until the drug price blueprint comes into effect many think that it's going to take long enough for these changes to happen that we may see the price hikes come back. >> eliminate rebates completely? that would be a complete disruption of everything everybody goes through now >> that's the pbm's are the bad guys, right? >> right that's a big change if it happens. >> it would be a big change. there are a lot of questions on the call for ian reed. he thinks that might happen. it won't be a big change for the pharmacy benefits managers that we mentioned, but also potentially drug distributors who are paid based on the list price of drugs if that dramatically changes overnight, then the prices they get paid could dram

of miss da mea miss d this supports transitional housing and five beds at harbor lights detox unit and health rehab case managers. this is all about reducing the jail population. and then there's an additional $250,000 which funds two and a half percent cost of living wage adjustment for c.b.o. workers. this was done across the city for all c.b.o. workers. more on this one -- the reason that we asked for 1.7 and the reason that the mayor gave us 1.2 is because both the court decision as well as the need for weekend and holiday coverage in support of reenvisioning goals has increased the work load for pre trials alternatives by 60%. as i said, we requested 1.7 from the mayor, the proposed budget funds 1.2 million and the reduced funding from the mayor -- it's based on limited funds. there are a lot of asks, i can appreciate there's only a certain amount that can go around but it wasn't based on lack of demonstrated need. since the b.l.a. ran their report, encumbrances have been reduced from 1.8 to 1.3 and we have a billing cycle and then kinder morgan reasonses represent 20% of the total and w

england simon stevens used to work at the controversial us health company united healthcare predictable that we should be going along towards the american style of health care absolutely i mean simon stephens' as the n.h.s. chief executive of an interesting land is emblematic sadly of a much bigger problem here goes beyond the n.h.s. and extends to to the bigger issues of public services in our society which is that there's been a corporate capture of democracy through such strategies as the revolving door political donations corporate lobby and what we're seeing is that the top levels of the department of health and office in parliament with health secretaries health ministers we're also seeing at the top levels of an interest management there is a massive revolving door and started stephen's as you've mentioned was milburn and tony blair's. the former health secretary defending the health service on the seventieth anniversary saying i want to feel it is well i'm in melbourne along with under obviously the blair era and time and stevens and the whole team actually what they did was the

movers at this hour the home construction etf, the itb on face for its best day in more than a week united health, that's sinking earnings beat, but medical costs missing estimates, and amazon is higher it says prime day is so far bigger than ever, and many of the glitches have been solved. we have much more on this straight ahead michelle >> thank you, melissa. i'm michelle caruso-cabrera. we begin with jay poulwell's testimony before congress. steve liesman is live in d.c. with all the highlights. hi, steve. >> hey, michelle -- best strategy for the fed to continue raising interest rates. he said wages were not rising fast enough yet to cause an inflation concern. >> i think gradually raising rates is the way for us to extend this expansion. nothing hurts working families and people at the margin of the labor markets more than a recession. >> powell said it was too soon for those tax cuts from last year to be raising wages right now, and the ultimate effects would be hard to gauge overall, though, he said the tax cuts have had a positive impact on the economy more worrisome, he said, are the ad

united. limboe is in health care at 90 years old. the, kasich plan has dropped her.m trying to get through to make an appointment with governor kasich because i literally have spent 20 to 25 hours on the phone with social security, medicare, different health care office numbers that and governor kasich scheduler has yet to call me back. i have left five messages. i want to meet with governor kasich about health care in ohio and ask him why a 90-year-old woman who worked 40 some years of her life and paid into the system is now in health care limbo. that's kathleen in ohio. let's go to maryland independent line. hello. the last person you had from utah, the caller asked about how trump is helping. he brought that old tired line about the lowest black employment rate ever. said that the employment rate was low during obama's time because people stopped looking for jobs. it should be shameful to america. 14% unemployment rate is a good result? problema perpetual would suggest that it's not really a problem he plans to solve. that's not really what i was calling about. i

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