if you look at the health care of people over 65 in the united states, it's $700. lth care out of pocket, basically all hospital visits, physician visits, all drugs, everything, are in the $700. the average plan of the affordable care act exchangeq>is a premium of $4,700 and a deductible that's also thousands and thousands of dollars. that's not even bad value, it's like beyond that. i mean, there is a reason people are fleeing these plans.:cf1 o so cat-herding finance as a way of supporting the exchanges just really has not worked. and the notion we need to ban affordable plans outside the exchanges, it's just doubling down, really, on a failed strategy that's had a lot of collateral damage. if you think about who is on the individual market, people are actually on the individual market for a short term, anyway. most people are covered by employer-sponsored insurance. some use them as bridge gaps between jobs. there is a sense that people cycle between the individual market. it's not a long-term market. so it's inherently a bit of a short-term market for people to

i would say that a lot of health industries are pretty united when it comes to what they want. but members of congress are not united in terms of the approach they are taking, not what stakeholders want to see. host: helen from michigan is next. caller: hello, yes. you were talking a few minutes ago about medicaid. now, medicaid, there is one -- there was one time period that my husband was in a medical care facility. $8,500 per month, and i could not pay it. had to go on medicaid, and they are going to take my house. >> we will leave this discussion at this point and you can see it entirely on her website, we are going live to the house which today is considering 24 bills, including legislation to provide grants to september 11 memorials, a pill to ban the sale of dog and cat mean for human consumption and providing three point $3 billion a year in u.s. aid to israel. live to the florida house. house wie in oer thhair lays be these aommuatiofr ker. peaker's rooms, washgton, d. septe2, 28. mameads to a as spea shgt, d.hieakes ro gned, ulry ear the hou reentatives. the ker pro t

i would say that a lot of health industries are pretty united when it comes to what they want. but members of congress are not united in terms of the approach they are taking, not what stakeholders want to see. host: helen from michigan is next. caller: hello, yes. you were talking a few minutes ago about medicaid. , there is one kind, my husband was in a medical care facility. $8,500 per month, and i could not pay it. had to go on medicaid, and they are going to take my house. but i was living in it, so they didn't take it. lessmedicaid is more or the people that don't own anything, illegals that come over here and get everything for nothing. and that is what is so sickening. , undermedicaid obamacare, was intended to be expanded to anyone who made $16,000 per year or less, and they have to be in the country legally to obtain that. what happened was there was a lawsuit before the supreme court and which states said we don't want to participate in this, even though the federal government pays for most of the expansion. so the supreme court said that states can just decide if th

medical center in oakland this labor day holiday. 1200 members and supporters of labor union seiu united health care workers west crowded the intersection of mcarthur and broadway demanding job security. >> when i first started kaiser -- >> he works at the pharmacy distribution center in oakland. the union says kaiser has indicate d they wish to outsoure 260 jobs. which the union claims includes shell drivers. pharmacy warehouse workers and several others. >> my job is on the line right now and we're here to let kaiser know that we're here for the fight. >> i'm not young. i need my medical benefits. >> asa has spent the last 27 years trimming trees and maintaining kaiser's gardens at their pleasonton facility. she says if they need to trim cost, they need to look at the top leader's paycheck. >> you're paying your ceo 10 million a year. i mean, i'm not trying to be rude, but you want to cut some money, there you go right there. >> a spokesperson for kaiser permanente septemb permanente sent us a statement saying we are disappointed the current leadership has chosen to mischaracterize the strong

dow component united health was downgraded toro neutral buy at citi. the analyst cites concerns about the commercial risk market and sees limited up side to estimates. the price target is $288. stock fell 3% to $259.73. >>> darden was downgraded to neutral from outperform at bayer. it says it may be overen ed in the short term. the price target is $120. the stock fell a fraction to $118.68. >>> foo w locker upgraded from outperform to market perform. there are fewer headwinds in europe. the price target is $58. the stock rose to $49.09. >>> still ahead, looking forb t a startup? there are a few things that you need to know. >>>ouse republica released their plans for a second round of tax cuts. the legislation propose by the house ways and means committee would make the lower individl rates permanent, eliminate the maximum age forome contributions to retirement accounts and allow for new business writeoff. >>> airlines are waiving change fees as hurricanes florence threatens to hit. it is strengthening. it looks increasingly likely it should make landfa

pharmacy giant cvs ensuring humana and united health have 50% market share in that business. aetna's sale if approved by regulators would triple well care's market share, making it the fourth largest prescription drug plan ensurer. >> this is a big milestone.is s one of the things asked for and it's being done. a lot of people feels in close to the home stretch. >> while financial terms of the sale weren't disclosed, well care says it's going to buy aetna's business with the carbon hand. analysts say that makes it a win for both sides. >>> from a financial perspective they got an extremely attractive price. remember aetna and cvs didn't sell it nessarily in terms of the highest possible price they could get. but they were paying for the sanity ofd and -- you know their ability to sleep at night with the transaction because, again, they've got a credible buyer that satisfies what i think the government was looking for. >> but winning over the department department of justice is jus thebeginning. >> everyone is really curious to see what this merged eity is going to do and how

has shifted and everything that has been steep up into the right whether it's a visa or apple or united health meaning growth that's been impervious with anything related to the globe or to the economy >> you don't think it's fundamental? >> day to day? absolutely not if you look at the way it's traded or other super cap names isrg they're. >> i want to take profits here. >> look at having a facebook you could have made that argument a lot of ways before they hit a whole bunch of roadblocks >> but that happens only once you get news. >> that's specific to the company. it happened to red hat and twitter. >> what if there was a prolonged trade war that did affect that -- but right now the way apple trades if you look at its correlation with things lika visa it's trading like a -- no reason to panic now >> i don't see other than it's too steep in the first place and you might as well take profit. >> right right. the price on apple, to be fair, not bad. if you've got the headline and you said, hey, guess how the stock would react? i would have guessed a steeper decline. >> and what's going on >> f

quickly because these numbers are pretty incredible to when you look at the rising cost of health care i mean the united states health care spending is projected to rise five point three percent and twenty eight team the u.s. centers for medicare and medicaid services estimated twenty seven thousand spending was up four point six climbed nearly three point five trillion and i was going to jump up to five and it gets even worse yes because what they're saying is there's a lot of numbers in between but ultimately what what's coming out is the c.m.s. projected that by twenty twenty six health care spending is projected that it will reach five point seven trillion trillion with a t. wow all right as we go to break court watchers don't forget to let us know what you think of the topics we've covered a big book and twitter see our poll shows at our t.v. dot com coming up sean stone sits down with mark stage the director of studies for the institute of medical studies to discuss the. factor and then texas finally lifted the oppressive bad. swords swords. strange esoteric thought some sword play coming up next

is negative and you can see why here first off you have a big call out of citigroup downgrading united health from neutral to buy. a big market leader recently dragging things down boeing is down apple is down as well. put these three together here that's almost 120 points in the dow. cisco and intel they're negative now we are starting to see the banks roll over a little bit goldman sachs and jpmorgan, merck a new high every day, that's not doing anything. so when a big leader like health care starts flattening out, you got issues remember what's moving the markets and keeps moving things here there you see the new highs. every day talking about merck and lily, that's rolling over a little bit talked about costco, hurricane related things, norfolk southern, home depot, a hurricane relate the story these have been on the high list what i think is happening we're stalling out a little bit here remember what moves the markets here number one, of course, the fed and rate hikes that's the big issue china and the tariffs and the dollar tech leadership. faltering a little bit the global growth, whi

insurance company in the country offered renewal guarantees as a standalone product but, you go to united health, and they would underwrite you they would send you a premium for some health plan they were offering and say you have to pay that premium right now maybe it is a $5000 premium, or, for one fifth of the premium, you could buy the option to enroll in that plan, whenever you want, no matter how sick you get in the meantime. your premiums will affect your current health status not your health status at the time of enrollment. if you think about this, this reduced the cost of health insurance protection by 80%. so, you could get what is arguably the most hard part of health insurance protection and i have to pay $5000 for it but only $1000 for it. and again, this is a new york times article that describes this policy, hhs cited this new york times article in their final rule when they were talking about how the standalone renewal guarantees work, and how they reduce premiums by, costing 20% of the cost of underlying health plans, and how hhs really does not have the authority to regulate r

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 trump administration has recently considered a plan 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. this administration or congress 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 healthier thro

united states to. plow our way forward down the rugged and randy and path of privatized health care despite the fact that the united states has the highest rate of deaths amenable to health care among comparable countries meaning deaths that could have been prevented with proper health care that hasn't stopped their whole care industry from still worshipping the almighty dollar over there have a crowd of goats. has even more startling numbers for you. a recent study by the moran company found that one in five hospitals in the us spike medication prices by at least seven hundred percent this means that if a hospital purchases medication for the cost of one hundred fifty dollars that cost for the patient could be up to one thousand and fifty dollars in some instances that markup was even higher one in twelve hospitals mark up the drugs over a thousand percent this is important as drug prices continue to rise president trump has already addressed the issue in may of this year trump released american patients first the plan to lower drug prices and reduce patient out of pocket costs american drug companies s

. >> i'm alan wong with the united health care workers. we have a new wave of people that have been outsourced by kaiser permanente, that is not included in the resolution. the gardeners were told on the 17th that they'd being outsourced as well, so now kaiser permanente is trying to outsource over a thousand jobs for union members. we're here to stand up for our members and we're proud of the political courage that the supervisors have shown in terms of helping to support kaiser workers who being outsourced. thank you to my own supervisor, norman yee. and other supervisors that support. thank you. >> thank you for your comments. next speaker, please. >> thank you, madam. good evening, ladies and gentlemen, president cohen. this continues my comments that i began on september 11th. if you will recall this was a time of tremendous controversy about involuntary outpatient treatment. ab-1800 was discussed in california which was the predecessor to laura's law passed following the legislative session. director steven neighbor of the california

san francisco health is service system requested the claims data from united health care and from bluehield of california for 2016 and 2017. milman has received the claims data from u.h.c., and we are expecting those results in about eight weeks. thank you. >> now we're going to turn it over to ken mann of workforce. >> good morning, commissioners. thank you for having me here. i manage the office program at the office of workforce development. first, before i start, i'd like to acknowledge emily chair and lowell rice in my office. they're the ones in the ground doing the work and getting people to jobs, and -- [inaudible] >> it wouldn't be successful of course for cpmc, so that's my acknowledgement. now, first, the first goal is hiring at least 50% of new entry level positions for new nonunion administrative positions. we exceeded the goal, 32 out of 37, which is 86% of the applicable participants got on this jobs, and some of these are lead documenting coordinators, documenting clerk, project manager, and these were hired through our capsa program, and that stands for construction pr

health plan carrier. blue shield kaiser, united healthcare. this is the purpose of the presentation. if we get into detailed questions, i would request permission in advance to call up the carriers to address those. starting on page 1, i'm trying to think high-level about this. i see three ways that a member can get a second opinion. through best doctors, through their health plan carrier, or self paying people, out on their own. so there are two ways to the medical carrier and best doctors looking at each one of these, on page 2, this is a summary of how a member receives a second opinion through kaiser. so they would contact member services and they help arrange the consultation with a physician or if it is a specialty that is not represented within the network, they would arrange for consultation with a nonplanned physician for the second opinion the test results of a second opinion are put into the electronic health records. the information is available to the initial physician or provider as well as the second opinion can see the initial providers take on the case. if a member i

. >> i'm with seiu united health care workers. we're here today because kaiser is planning to outsource our jobs. recently, that number that you last heard, 900 jobs being outsources to now 1,000 jobs across the state. in san francisco kaiser has informed us that she plan to outsource 16 parking and shuttle services jobs. in bargaining, we're told they plan to contract out and also use ride share services. on monday, clifford, who's a gardener, he's standing right there. gardeners were told they would be outsourced, as well. kaiser's eliminating quality jobs, retirement, quality health care and wages and replacing them with work that makes them money. this is about greed. this is about while they're earning $2 billion in profit. that's while they have more than $28 billion in reserves. that's more than california, and that's nothing but greed. we urge you to support supervisor norman yee's resolution to protect kaiser workers from outsourcing. thank you. >> supervisor safai: thank you. next speaker. >> how you doing. good morning.

i know that were the other systems, whether it is kaiser, blue shield or united health care, it is everyone in the system. but i saw the director nodding your head. best doctors is not restricted to just members. it includes dependence as well. >> correct. >> thank you for that clarification. >> president breslin: any other public comment? seeing none, item number 9, please see eight item nine is action item. cafeteria plan, 2018 annual update. >> chief operating officer. this is the plan year 2019, cafeteria plan document to review. this is an annual thing that i present to the board. it is an action item because of the fact that this is one of our plans documents and any material changes to this document has to be reviewed and approved by the board. this is from section 125 of the internal revenue code. we required to have a complaint document. back in november last year, we had an education session on section 125 of cafeteria plans and why it's important for us to follow these rules consistently. throughout the membership. included in your pocket is a summary of the changes. there are no

. >> i'm alan wong with the united health care workers. we have a new wave of people that have been outsourced by kaiser permanente, that is not included in the resolution. the gardeners were told on the 17th that they'd being outsourced as well, so now kaiser permanente is trying to outsource over a thousand jobs for union members. we're here to stand up for our members and we're proud of the political courage that the supervisors have shown in terms of helping to support kaiser workers who being outsourced. thank you to my own supervisor, norman yee. and other supervisors that support. thank you. >> thank you for your comments. next speaker, please. >> thank you, madam. good evening, ladies and thntlemen, president cohen.

. >>> united health group, the biggest drag on the dow.up downgraded as well as anthem from buy to neutral as it turns risk-averse. boeing not looking too great, either, as you can see. coming up next, we will talk about another stock, cbs. les moonves moving on. new harassment allegations help take down cbs' long-time chief. we have even more details. charlie gasparino breaks it next. the fact is, there are over ninety-six hundred roads named "park" in the u.s. it's america's most popular street name. but allstate agents know that's where the similarity stops. if you're on park street in reno, nevada, the high winds of the washoe zephyr could damage your siding. and that's very different than living on park ave in sheboygan, wisconsin, where ice dams could cause water damage. but no matter what park you live on, one of 10,000 local allstate agents knows yours. now that you know the truth, are you in good hands? metastatic breast cancer is relentless, but i'm relentless too. mbc doesn't take a day off, and neither will i. and i treat my mb

united health has agreed to by general health care, which runs more than 425 pharmacies in behavioralg has learned that united health opaque the united billion.rm almost $200 in australia, a report on the nations points -- banks stopped short of recommending penalty. it criticized regulators for taking a timid approach. thank shares rallied after the report was released. that is your bloomberg business flash. tom: there is economics, finance, investment, there is the markets. barry eichengreen will join us in the next hour. we are thrilled by that, a very academic view of what he has observed in this quarter. we thought we would get a briefing of what this actually means with geoffrey dennis of ubs. usnk you for joining numerous times over the recent weeks. let's cut to the chase. it's not all clear, is it? geoffrey: it might be, it's hard to tell. we like to think it's probably all clear, and the reasons for that, first of all, we tend to think the dollar is now picking -- peaking. but also, you have seen a number of the central banks in emerging markets respond well. tom: the philip

the firm is negotiating in good faith and accused united of using misleading data and making egregious demands. emergency room doctors contract with health hospitals so if united drops envision doctors could be out of network for more than 1 million united members across the united states. >>> coming up, if you ever had a great idea for an app but you don't know how to write computer code, appian can help. no-code software, just sort of happens, i guess they help -- you remember the case stocks back in the '70s and '80s, computer engineering companies, this is like that but better the ceo will join us next. before we go to break, a quick check of what's happening in the european markets at&t provides edge-to-edge intelligence, covering virtually every part of your healthcare business. so that if she has a heart problem & the staff needs to know, they will & they'll drop everything can you take a look at her vitals? & share the data with other specialists yeah, i'm looking at them now. & they'll drop everything hey. & take care of this baby yeah, that procedure seems right. & that one too. at&t provides edge to edge intelligence. it can d

. >>> welcome back here are the winners nike, home depot united health. >>> cbs taking ahead it is following allegations of sexual misconduct. it is the course of action now cbs facing -- do they face further legal fallout? >> joining us is diane who litigates major cases. also with us corporate trial lawyer thank you for joining us you say this recorded deal is is unusual, why >> it is creative but quite unusual. at the root of all of these situations it is what is call add morals clause or ability to terminate somebody for cause in most instances whatever dispute there is or investigation by the company it's resolved before there is a settlement there's an amount paid this is highly unusual because it's not over. what was creative is that the company was creating to a wave of criticism and able to announce it today actually and leave for future determination whether moonves getting 120 million dollars which will be an investigation and then the board will determine whether or not he has violated the morals clause and if so he has an ability to challenge that in arbitration. they have achie

really's health unit -- eli lilly's health treatment was also spun out. trading up, and the cofounder will be on in the 1:00 hour. this is bloomberg. ♪ it is time for our global battle of the charts. you can see all of these charts on the bloomberg, run the function gtv . it is abigail doolittle. weakness, at the low, it had been down, on pace for its worst drop since late june. interesting considering most investors expect the fed to hike next week, typically solid rates rising, as is the case now. but we have this week, off of the lows. with this five-year chart, we with choppy uptrend investors uncertain as to the path of the fed over the last few years, we seek a few different uptrends. if above 94 coming toes you that the dollar goals, despite the calls for the decline, are in charge. the dollar index is above 94. if below, probably to the yellow line, where longer-term bulls are in charge, and it will be interesting to see how this plays out and if we see a big move ahead of next wednesday, and that is highly anticipated with the fed announcemen

on health care and the united states almost double that. if we didn't exist or probably cat doctors disappeared overnight it began the n.h.s. that's how the n.h.s. works with a relatively small budget you're able to cover the majority of health conditions. today the yuki's primary care provides ninety percent of all health care for only eight point five percent of the total health budget. i would hope that our privatized system is the envy of the world it means that every person this country has been titled in to develop a past the relationship with someone you remember them and know it's wrong with them and be able to help them through periods of stress or physical ill health the uki is said to have a higher percentage of doctors working in primary care compared to other european countries. britain is also internationally recognized for having the highest number of people with an assigned primary care provider one thousand percent of the population are registered with a general practitioner. like george has signed up to kill extra tail cent

the key line is it is exploring strategic options in its health unit. saying the future growth of the skin health line increasingly outside. these are basically headlines coming through from nestlÉ. to give you some context, it had sales up 2.7 billion swiss francs in 2017. nestlÉ saying the reviews to be completed by mid-2019. so nestlÉ to explore strategic options for the skin health unit. leslie humphrey in dubai. planazon is considering a to open as many as 3000 new amazon stores in the next few years according to bloomberg sources. it would threaten convenience chains likes 7-eleven an independent pizzerias and talk of trucks. and amazon spokesman declined to comment. tok ma has said he promised create one million jobs in america but it's impossible to fulfill because of the u.s.-china trade war. the remarks were made in an interview on the new service saying the pledge made with president donald trump is no longer feasible doesn't the unstable trade situation. 2017d donald trump met in to discuss adding business to the alibaba platform to boost emp

buy a bloomberg has learned that united health will pay the billionequity firm $2.5 . blackstone are among potential buyers for extracting in anressing and it interest investment that could total $3 billion. that is your "bloomberg business flash." david: it has been 10 years since the financial crisis and many agree it is more secure now than before. wall street's biggest names way in and this is what they had to say. >> we probably have another 18 to 24 months minimum in the cycle just on the back of the adrenaline rush from trump's policies. >> from the u.s. economy perspective, the chances of something happening in the next 12 to 18 months is low. we have 15% to 20% as you get , and the months chances go up materially. >> despite the rally, the market is pricing in more risk david:. . is johnoining us rogers. you saw the last one and it was not pretty. give us a short synopsis of where we were and how it got to where we are. e.ik it was an extraordinary opportunity to buy bargains because so many stocks had gotten crushed and people had given up. says, usefett alwa

fabulous he came on "mad money" in a segment of why he needed to do this humana is terrific and united healthital >> david, cordoni is really a smart man. he knew what he had to do. cbs knew they could not sit there and get the heck kicked out by amazon. i think it is a shrew move >> understood. >> reviews for the new iphones are out. usa today says they are the best iphones ever made. the journal says sit tight for the 10 r cnn says the phones are a notch above iphone 10. preorders for a lot of those on friday and will get to deliver it soon. >> i love usa today. we are actually talking about the phones making money and not just the reserve new revenue or. when i hear all these ones are good, it makes me want to go to a store, verizon. >> as they are included in this exemption for watches. >> wow >> interesting mr. cook was able to -- doing air pods as well >> mr. cook is sponsoring the most manufactured in this country by doing the manufacturing funds that never gets talked about where people building plants in order to supply i think he's going everything that the president could ever want

top line zero is the one out of control whether it's you know it's certainly with health care prices that's the united states that there are drug prices from two thousand and they've really started to take off from the rest of the world and that's when obama did the deal with you know the drug the pharmaceutical company said he wouldn't have rained on their prices you know what was incredible at the time was that liberals and progressives were saying this is a poison chalice this is a horrible deal but it's incremental it's iterative it's what we need to do to get to where we need to go as if it was a continuation of where we've been corporate galad jing remember dennis kucinich was taken up with obama's plane and he came down and he was a convert to obamacare he was the last man standing course bernie sanders was like oh yeah you know medicare for all be great but we're just going to let this slide progressive we're going to progress to something better at some point they're not progressing at all to regress going back to. a feudalism you know america never had to feudalism because we had a revolutio

>> well, we take a bit of a barbell approach we are larger companies like united health and we balancemes you flow, health care is one of the places you're seeing growth in a growth challenged world so this quarter it was hard not to make money in health care it would seem like at least the fundamentals indicate at least the near term that it will continue >> you have a number of private investments. t tilray is one. i was going to ask you about that when the commissioner says there's a vaping epidemic what does it do to a company like , juul >> i'm not an expert on this i would say from public health perspective we think he is doing an excellent job and they will come to some resolution on this. >> why is tilray on the medical sideov of medical marijuana? >> it is debatable first of all it's not really legal here in the u.s. anyway but it is in the interest of recreational where a company like has an fda approved product. if you're fda approved it's the consumer guides. the health angle is once it's legal in the u.s. we expect there will be more controlled trials on the substance and

shoulder i find this shocking it's a company with huge information flow to some degree could -- give united healtht now? the bids are terrible. this is shocking i'd like jeff to come on and talk about it. >> i don't think that's going to happen as you know the bids are there i think there have been a lot of people who doubted, in fact, whether they'd get any the fact that they have three bids coming in is a positive as what appears to be the board's willingness to work through them and get to a conclusion result not guilty the sale a lot of people don't believe the company properly executed for quite some time. it is going to be a turn around if they stayed independent more likely for whoever is the potential buyer of this asset. >> i'm shocked here. i felt it was a great asset being run into the ground by jonathan bush. now, i'm questioning the asset because while you said absolutely there are some buyers, the idea, i felt, that eliot was opening bid from what can be an amazing company for a lot of different hmos needed look at -- the mergers that are in the health care field have been at premium

. >> kim cavaloni, national unit of health care workers. any gap in the delivery of service for senior care is detrimental. it's our job to speak for the patients, it's your job to speak for the patients. if my family member was in this program, and i was told that it was closing, it would be detrimental. if your family member was in this program, it would be detrimental. there's no place to open these types of services. san francisco is perhaps in the -- one of the worst housing and homeless crisis, and this is not going to make it better. this would be a crime against san franciscans. it absolutely would be detrimental. the fact that cpmc can walk away, a heath care corporation -- and it is a corporation that makes millions of dollars is just walking away, wiping its hands clean and saying good luck, find a program on your own, yeah. i.o.a.'s got to go find funding. that's not acceptable. they -- they are not guardians of health care, they're profiteers. they're carpet baggers. they want to make money, and this they can't, they want to wa

record in terms of point impact over the last eight months, apple, boeing, visa, microsoft and united health were the top five stocks contributing to that return to all-time highs on the bottom, 3m, goldman sachs and mcdonald's guys, back over to you >> all right, bertha, thank you for that we can't have market records without looking at the possible threats to the rally and that's where steve liesman comes in so what are you eyeballing here, steve? >> it's very interesting little doubt the market seems to be looking past some of the threats that in the very recent past would cause it to sell off, tariffs, higher rates, more fed rate hikes back in june we found almost half were linked to possible or actual tariffs now after the president imposed 10% tariffs on $200 billion of chinese goods, the mark has shrugged and rallied to all-time highs. some splapd explained it as thef levels below what the market priced in or the market decided tariffs don't matter as much as they thought the 10-year treasury yield now convincingly, this is not kansas anymore, trading over 3% with most of the increase