first up, united health. a big underperformer mike, you say you're going to play this one like an insurer would. what does that mean? >> what do insurance companies do to make money they sell premium. options traders can do that, too. that's what i'm thinking about in united health united health is one of the most epic growth story stocks we've seen over the past 20 years or so it's a long-term holding of mine it's a cash flow generating monster. but when you're looking to generate premium you're looking for stocks that aren't likely going to move a whole lot in either direction united health is probably one of those names. this is a name that moves less than 3% on average on earnings, and actually right now we're getting about 25% implied volatility for the front month options. there are different ways you can do that. you can sell a cash covered put, you can sell call debit spread for put credit spread i was looking at selling a call credit spread in this case, looking out to july. the idea was selling the

united health is a big underperformers. and mike, you said you would play this like an insurer woul . what does that mean? >> insurance companies sell premium to make money and of course option traders can do that as well. i want to point out that united health is one of the most epic growth story stocks that we have seen over the past 20 years. it launched from a holding of mine and if the cash flow generating monster, but when you are looking to generate premium you are looking for stocks that are not likely going to move a whole lot in either direction and united health is one of those names. this is a name that moves less than 3% on average. right now we are getting about 25% implied volatility for the front month options so there are different ways you can do that. you can call credit spreads. i was looking at a call credit spread and i was looking out to july. the idea was selling the 470, 480 call spread. that is an attract amount of premium through a relatively short period of time. an important point is that this i

united health care is one of the best performing public -- since. we have a stock trading at 480 best stock of all time with the exception of am gen. it is pause or over? let's look at the chart. and we just have one and what we have here is this great ascent of course i'm only going back to 2018 on this particular it ration and then this sideways grinding. to be fair, the peak to trough decline is 19% of course the nasdaq dropped 37% in this general two-year period. on that sense, not so bad. but it has stalled and so long-term i would call it the pause that refreshes in ongoing god like stock, but today's action just simply saves what has otherwise been a very sloppy circumstance. i think more importantly the opportunity in health care overall. what we're going to look at now is three identical charts. the first, second, and third first has no it rations, drawings or judgments, no lines. it is a relative strength chart. all data the s&p 500 health care sector performance to the s&p look at the next well, what do we have? talk about a well-defined

united health is the dow top gainer we have some oerip rhtwnshig here on the committee. that trade is up next. alad. like your workplace benefits and retirement savings. with voya, considering all your financial choices together can help you make smarter decisions. voya. well planned. well invested. well protected. your shipping manager left to “find themself.” leaving you lost. you need to hire. i need indeed. indeed you do. indeed instant match instantly delivers quality candidates matching your job description. visit indeed.com/hire ahhh! icy hot pro starts working instantly. with two max-strength pain relievers, so you can rise from pain like a pro. icy hot pro. we moved out of the city so our little sophie could appreciate nature. but then he got us t-mobile home internet. i was just trying to improve our signal, so some of the trees had to go. i might've taken it a step too far. (chainsaw revs) (tree crashes) (chainsaw continues) (daughter screams) let's pretend for a second that you didn't let down your entire family. what would that reality look like? well i gues

kaiser health said two million people have already come off the rolls, but they haven't seen it at united healthe optum health, which has that outpatient surgical, surgery centers, also the doctors, also saw some pretty nice growth. the pharmacy benefits up about 15%. but their margins, they're a little bit less that be expected because they're spending more to expand those services. nonetheless, this morning, united health up, handily, off a 19-month low and it's giving some air to some of its peers. you can see humana getting a nice boost as well it's a little bit of sort of sigh of relief that maybe these guys will be able to handle that increased demand back over to you >> $416 billion company now, bertha it's been amazing. >> yeah. >> since obamacare, too. >> the call about to get under way, by the way, in just, like, right now. so, i'm going to hop off >> you're going to be on it, right? let me know, actually, at 9:00 i don't know i may not be that interested i will be. call me, bertha. let me know if anything comes up thank you. you want her to call you too you could use it tonight if you

medicare population if we drill down on the insurance side, it didn't really hurt results there united health revenues overall, up 13% though they did see high medical costs. it was within the range they anticipated at about 83% of premiums they also talked about strong demand for mental health a lot of utilization with that when it comes to people under the age of 65, which created some headwinds on the services side, on the optum side. optum was up better than expected and optum health is where they have their primary care doctors, outpatient surgical centers they were up 33% they also have contracts with those doctors that try to give a lot of care called value-based care which means they try to hold in costs among that medicare population. that ate income margins. their margins came in a bit lower than expected and down sequentially, which is something people looked at ceo andrew witty said, it's one of those headwinds he'll take in terms of future growth >> i think, you know, if i had the choice on a slightly suppressed margin in q2 or the significant growth we've taken, i'll take the gr

look at dow winners, please, headed by probably microsoft -- no, or united health, up nearly 4%.ll in there. s&p 500 winners, a here's a chance to check some of your stocks, cigna, united health, wells fargo, another bank that did well. nasdaq composite winners, topping that list we have ulta -- atlas january group. sorry, don't know them. the one i know is nvidia with. lauren: and as rah that zen ca. stuart: yeah, i do know that one. nvidia keeps dominating the news. lauren: do you buy it now? at this price? stuart: no, i bought uber instead. [laughter] check that 10-year treasury yield on this friday morning, please. moving up just a little, 3.77%. where's the price of gold? i ask this every single day, it's always below $2,000 an ounce these days, 1962 right now. bitcoin moved above 31,000 yesterday, staying there at 311,100 # -- 31,100 this morning. the price of oil has been moving up, today it's down a bit, $76 a barrel. and we have natural gas, that hasn't moved much, it's not moving much today, up 5 cents, 2.59. the average price for a gallon of regular gasoline nationwide

have a great weekend >>> as we head into the close, worth mentioning, united health, its gain is goodts in the dow because it is a price weighted index so, without unh's gain today, the dow would have been down about 100. you see the s&p 500 sitting on a slim decline of 0.2% on the day. still up more than 2% for the week, sitting on that 4,500 level. russell 2000 and the nasdaq, both strong for the week the russell, downside leader today as we go out to the weekend with the vix below 14. that's going to do it for "closing bell. >>> well, lost a lot on the s&p and nasdaq, that's the scorecard on wall street, but winners stay all afternoon. welcome to "closing bell: overtime," i'm jon fortt morgan brennan has the day off we're going to talk to the ceo of sunnova, whose stock has climbed 20% just this week, far outpacing its solar rivals plus intuit's ceo is going to join us to talk about his read on small business and consumer spending, plus how his company is continuing to use a.i. to help its customers >>> and on the topic of a.i., we will have a first on cnbc interv

united health out with results bertha coombs has the numbers. >> frank, united health beating on thetom line $6.14 per share. up 13 % from a year ago. better than the estimate of 5.99 $92.9 billion in revenue up 16% above the $91 the$91 billion ese raising the estimate is $24 a share on the adjusted basis. they warpned a month ago at the goldman sachs conference that they see more activity more hip replacements and knee replacements and the medical costs would be at high end they were in line with what they warned for united health care side and insurance side. revenues beat as welcoming in at $17.2 billion. that is up 13% the costs were in line with the high end they were saying. their membership was a little bit stronger than the street was looking for. commercial was lighter it was in medicare and medicaid which was higher interesting to hear is medicaid was a lot higher than a lot of folks were looking at in bispit of the fact we saw the end of the public health emergency. on the services side optum. up 25% revenue the optum health side with the doctors and home care and surgical

. >>> up next, we're checking on unh, united health care.fter its big move higher today, how the ads trerare managing that one when "options action" comes right back good luck. td ameritrade, this is anna. hi anna, this position is all over the place, help! hey professor, subscriptions are down but that's only an estimated 15% of their valuation. do you think the market is overreacting? how'd you know that? the company profile tool, in thinkorswim®. yes, i love you!! please ignore that. td ameritrade. award-winning customer service that has your back. is it possible to protect my business from cyber threats? td ameritrade. it is, with comcast business. helping every connected device stay protected. yours. your employees'. even... susan? hers, too. safe. secure. and powered by the next generation 10g network. with comcast business, advanced security isn't just possible. it's happening. get started wih fast spees and advanced security for $49.99a month for 12 monts plus ask how to get up to a $750 prepaid card with qualifying internet. >>> wel

. >>> up next, we're checking on unh, united health care.ve higher today, how the traders are managing that one when "options action" comes right back >> narrator: "options action" is sponsored by -- >>> welcome back to "options action." last week mike laid out a way to play united health ahead of earnings results that beat expectations this morning, sending shares surging finished up 7.25% even with a market reversal. mike, how are you managing this now? this had a much bigger than expected move. good for holding but not for the override we did selling a credit call spread against it. now, if you closed that straightaway you may have lost $2.65 a contract often that's what you want to do in this situation. i will say, though, it does feel to me like it needs to get above 490 before we can say that it's out of that downtrend we've been seeing. >> carter, we know how you felt about the chart, god-like. >> it's a stock that's recovered to its declining 150-day moving average. yes. it saves what has been an ongoing bad circumstance down against

mike >> yeah, united health traded 2.6 times its average daily options.t made it the busiest name in health care. right now, the options market implying a move of 3.5% or so, by the end of the day tomorrow and it seems some traders believe that move is going to be to the downside. the over 5,000 puts trading. so, it seems like the sentiment is bearish going into earnings >> lori, how do you feel about the sector in general? >> our analyst is neutral on them from a fundamental perspective. i'll say the broader health care sector level, it's worth looking at the names the sector has a whole has lagged i'm sensing more interest in lag guards, talking to pms over the last few weeks and i feel like this is a market that wants to rotate a bit, so -- i'm probably more in the interested camp. >> and carter braxton worth once called this chart god-like >> great carter braxton worth. >> yes >> well, things change >> they certainly did. >> i was pretty good-looking once, now i'm nowhere near that anymore. things happen. i think lori hit the nail on the held it's a r

earnings-related moves in some of the individual components like united health and jpmorgan, lots of banks today, always glad to get those out of the way. they always lead off earnings, but that means there's a lot more other companies next week >> tech. >> thanks for being here >> always a pleasure >> spent a lot of time together this week. >> it's been special >> be sure you join us next week "squawk on the street" is next ♪ >>> good friday morning, welcome to "squawk on the street," i'm carl quintanilla with jim cramer david faber is back at post nine of the new york stock exchange bulls looking to wrap up the biggest weekly rally for stocks and the banks will head up today. return on equity, import prices down six year on year. that's adding to this week's disinflation theme our road map begins with the banks. >>> and we're also going to have an exclusive interview with larry fink blackrock is the world's largest asset manager and it posted a jump in earnings and net inflows. >>> plus, united health is among the top gainers on the s&p 500, this after the company raised guidance,

200 points up for the dow because of the performance of united health. as well. it's up $6 nearly 2%. and it's close to its record high. move onto dow losers. there are a few. scisco is down and others. airlines using ai to help avoid flight delays. how is it works, ash? ashley: yes, indeed. an ai program is helping to basically micro-forecast weather down to the zip code to help airlines essentially reduce the number of delays and could soon predict the kind of disruptive weather we've seen that's thrown air travel into ka chaos and its called gail and used satellites and -- gale, g-a-l-e and satellites and drones and connecting cars reporting windshield wipers that have activated and jetblue relies on it. it uses the program to shift flights around extreme weather down to a specific runway and exact time to start de-icing planes in the winter. jetblue says the micro-forecasting is already saving the airline $300,000 a month. 3.7 million a year by simply reducing delayed and canceled flights by getting ahead of the weather. fascinating, stu. stuart: tal

united health care has been leading the charge on the dow. and the stock pulled back a little bit beginning of the year i just, talking about overall costs, but i think united health care could be a winner over the long term. >> yeah. had some health care names this week that sector certainly one of the best performing. ask you avery same question. right? if not tech, what? >> yes we like financials here a lot, and the big money center banks i think are actually pretty safe place to be. jpmorgan one name we like in particular i know very much a consensus long but raised about ten times earnings for dominant, most conservatively managed franchise within the banking industry. world-class ceo. so i think that when you just, where's a place to sleep well at night and if the economy slows, like, they have proven in timely disruption actually gained share. for tens times earnings to have a dominant franchise has benefits of scale and credibility giving a lower cost of capital, and ability to potentially win if anyone else goes under in the future,

united health that is one of the best health care companies you will find in the world right now.is lag effect of elective surgeries or procedures that have taken place which will drive up united's cost as little bit but united already told investors this so they know it is coming and it is already priced into the stock. despite the news, where estimates are cut to, united health grows earnings 12% next three years on annual basis. look it trades at 17, 17 1/2 times. that is not that expensive. it is just a little bit over a market multiple. that 12% earnings growth you will get is well above where corporate earnings are expected to grow. this is a company i like, you don't really get that many chances to get in on a dip and this is a dip. i think you can buy it here. cheryl: health care is certainly one of those defensive plays if you will, those safe plays if you need it. a lot of debate what the second half of the year will look like, michael. let's talk really quick about earnings. friday kicks oaf with the banks. most of the buzz seems around more so this quarter jpmorgan and

the company's alzheimer's drug getting fda approval kevin, you don't own biogen but have j&j, united healthnd merck. >> the more traditional pharmaceuticals are where you want to be b biotech has been a dead space. lower multiples relatively speaking we like the health care trade heading into this idea baby boomers will be utilizing it we've owned merck for a long time practically no debt and a stock you can own both for the short term and the long term j&j it looks like the tpowder lawsuit. health care may be in trouble as you head into a presidential election year. an opportunity to add to the name very solid growth but on weakness you probably want to add to >> weiss, what's your second half outlook the biotech etf down 4.5%, 5%. moderna and united health you own. >> i sort of feel like on the losing side of a roundhouse kick against unh. goldman lowered numbers. still above the street you've derisked it in front of the courts coming out next week. increased surgeries for medicare patients so i haven't sold any. i bought a little. tried to catch and it hasn't worked out in terms of biote

united health is half of that, getting an upgrade from bernstein saying it is a valuation opportunity to buy a company that is relatively attractive that has long potential. s&p, carnival cruise benefiting from an upgrade from argus research. bank stocks continuing to be embraced by investors despite not necessarily a perfect set of results but those good enough for investors today. matt: morgan stanley one of those bank stocks that has jumped today. you can see the provisions set aside for credit loss is much higher than they were a year ago and the trend is up or ceo, james gorman, set on the earnings call that the trend in terms of a trading is promising and that is one of the things besides the revenue beat that has investors in the market buying those shares, pushing them up by at one point more than 5%. strong acceptance on wall street of earnings. we are going to hear from sonali basak. sonali: i am standing by at morgan stanley headquarters with the ceo and chairman james gorman. it has been a blockbuster earnings reaction but a pivotal moment when you announcing you would ste

particularly the sector, the sub-sector of health care, that united health is in right now. still on track for a new 52-week high in the s&p. guys, back to you. >> up 1.6% on the s&p so far this week. bob, thank you >>> amazon prime day continues today. we'll discuss the impact with the former target vice chair, gerry storch we'll be right back. - i got the cabin for three days. it's gonna be sweet! what? i'm 12 hours short. - have a fun weekend. - ♪ unnecessary action hero! unnecessary. ♪ - was that necessary? - no. neither is a blown weekend. with paycom, employees do their own payroll so you can fix problems before they become problems. - hmm! get paycom and make the unnecessary, unnecessary. - see you down the line. >>> early prime data looking positive for amazon. consumer spending $6.4 billion on the first day that's up above 6% from last year and driving the single biggest ecommerce day so far in 2023, all of that according to adobe joining us for a read on prime day and the consumer more broadly, gerry storch. what does prime day say about broader consumer do you rea

that pricing analysts are very excited about how creative it can be united health also up 3% after ande from bernstein. goldman sachs up 3% as well boosting the dow ahead of its earnings tomorrow following morgan stanley morgan stanley up 6% thanks to wealth management and ceo james goreman telling cnbc he thinks the worse is over for banks. >> i think we bottomed in this business four or six weeks ago now, how much it improved for that the rest of the year is unknown. next year, definitely a pickup so i think, you know -- i'm seeing it with the conversations i'm having with other ceos we just felt like, you know, april was weak and first half of may also weak. then started picking up second half in june where it's not gang busters. but we're off the bottom. >> and speaking of off the bottom take a look at shares of charles schwab jumping 12% to lead the s&p and 47% hire than the banking crisis low the company beat estimates despite 31% drop in bank deposits from the last year. ceo says he's optimistic and so are clients. >> clients are now moving back into the equity markets. so that

added that in this set of services , including the obstetrics and psychiatry laboratory , the health nutrition unit, the family health and health training complex , were added to mehmanshahr shahid naseri saveh health center. an afghan youth has drowned in bashar river in kohgiluyeh province, and boyer ahmad, a natural afghan youth , died in the river of toman village due to lack of swimming skills , the fire department official of patawah district said after a phone call about the drowning of an afghan youth. in the bashar river near the village of sardang to man, the rescue and rescue team of the fire department and emergency department of pataveh and the largest department were quickly dispatched to the scene of the accident. he added that with the cooperation of the people and the rescuers, the body of this young man was taken out of the water after 40 minutes . the address of the patave department is said to be trying to the result was not achieved and he passed away. the head of the political office of the taliban in qatar said that this representation was the effort of mr. sohail shahin for

watching in morning, the world health organization identifying as pertain as possible carcinogen a link between sweetener form of liver cancer reviewing studies in unitedon is also stating it is safe to consume within recommended daily limit. if you are not a swifty might be now federal reserve crediting taylor swift arris tour for substantially stimulating philadelphia's economy writing in latest beige book quote despite slowing recovery tourism in the region may was strongest month for hotel revenues since onset of the pandemic, in large part due to influx of guests to the taylor swift concert in the city common sense institute estimates nationwide tour could generate 4.6 billion dollars consumer spending overall is the mover there largely than gdp 35 countries, we talked about this, as the concert was just beginning here on this program that this would be an economic boon, president biden border crisis raging out-of-control i spoke with greg abbott asking if tatters were in charge of all mexico. >> seems like it has been that way for digging but literally, may be more prolific now than before cartels endangering united states with among ear things f

and a month ago united health care talked about higher er utilization rates. >> and united, pell, theseo run? >> yeah. could be the next phase where we're headed in the market flip side to the spring, going into the spring. seemed all options consumed by same nasdaq stocks it means a lot of market cap that was not doing much of anything, and pharma definitely falls into that category health care services a little less so macro devices big names like thermal fischer, edward sciences not actually done a heck of a lot yeah i could see it happening not clear to me that's necessarily the next source of thrust for overall market, but as we rotate and turn around, it makes sense. >> stephanie thank you. see you soon approaching two-minute warning what do you think is the next source for the market if not health care? >> i think a little more focused whether we need to kind of settle back a little bit and sort of reload you know, last tip we had one to speak of from mid-june highness s&p, 2%, 3% drop something like that now, kind of classic textbook up and away bull market type pullback. still

health care has been very strong recently led by united health and johnson & johnson and abbott the banks rallying especially good news back to you, frank. >> thank you, bob. let's get more from our chief market strategist at hightower michael, good morning. >> good morning, frank how are you? >> i'm great what is your take on what mr. pisani said? possibility of a summer correction coming up do you see a similar set up? >> sure. you know, it is easier this summer ever others we're up 20% on the s&p in six and a half months. when you go up that hard and long, you will have a pullback we have fed and other things going on right now we have the teamster strike in the works. lots of things could trigger bad feelings >> michael, with that in mind, what is your wex word of the day? >> my wex word of the day is wolf not the wolf of wall street. the wolf that mighti be at our door i might agree with mr. pisani. the boy who cried wolf we cried recession for two years and bears have been out there and nobody predicted a 20% rally in the first six months of the year just because of the wolf hasn't

united health is reporting on friday we could close at a 52-week low friday a lot of high utilizationates in in the health care sector, specific which the group that united health is in, that's putting pressure on their numbers. right now, inflation is cooling, that's what everybody is looking for. some signs the rally is broadening out we have seen this before and been disappointed but at least in the last few days that is happening. 2023 earnings we'll talk about this in the next week. the bottom line is they are steady there is no cliff all of a sudden earnings are going to fall down in the second half of the year but valuations are now the issue. what's happening is the prices are going up but the earnings have been stable so p.e. ratio going high depending on how you look at it, forward multiples of 19 to 20 times on the s&p 500 not only not a recession, that's expansion. that's economic expansion kind of multiples that's going to be the problem next week, let me tell you what happens. we could see companies reporting, they beat and don't move forward because of the valuation pro

some of the other stocks where they reported, it was good, like united health. that stock has been in immediate youric meta traded up 10% or more on threads and expectations have come back in line with meta. i think there's opportunity there. >> all kidding aside, i like the approach netflix is a great example of the technology names and the consumer discretionary names represented on the nasdaq that is so technically over extended. netflix is pulling back to four and a quarter now. that's a representation of where we are the s&p 500, you could find a similar type of technical setup. i think a lot of the stocks you will have to exhibit extreme patience there will be a lot of buying interest under the market, and you call it a mega cap or technology put given what we have seen so far year to date. i think you have to understand there's a very strong technical overboard condition that is represented in a nasdaq 100 that is up 40%, so from year to date. and this week, be careful believing you are going to get the significant insight you are looking for on what the

check out the health insurance group, including united health that is giving a nice boost to the dow. and the big earnings we're watching after the bell, netflix and tesla shares here's the health insurers, up 1% these were at a ten-month high >> we begin with a civil war in washington over investing. two senators with a ban preventing lawmakers and executive branch members from owning stocks. emily wilkins has more emily? >> this is an issue that lawmakers in d.c. are not letting go of, whether or not they should be allowed to trade stocks currently, lawmakers can, so long as they follow reporting requirements and they often do not. and law members have come under scrutiny in recent years in trades that appeared to use insider information. josh hawley and kirsten gillibrand would not only band members of congress from owning stocks but family members and executive branch officials from any trading. the ban picked up, inside congress and out a new poll for public con consu consultation, approved a ban for stock trading for members of congress and unlike so many others today, there's n

on united health i like selling upside call spreads and buying call spreads into september. >> brian >> sell puts in delta. collect for premium out there, and i like that stock. >> carter? >> profits in spy. take some and >> welcome to this edition of "techcheck," on cnbc i am jon fortt. after the momentum of a monster run to start 2023, the nasdaq had its best first half in 40 years. up 39% here today. those gains have been mostly one of the biggest players. as discussed, the magnificent seven of summer. semi conductors have been doing pretty good. but cisco and ibm trailed. and big tex emerging companies. what do you do now? that is the big themed. new today, data from the jobs report that kansas a bit of a better picture of the environment. the number came in below expectations but the employment picture came in robust. wage growth remains high. i sat down with amazon ceo andy jassy yesterday. he described the road forward as still uncertain for the economy despite the sticky labor market and the big hire for equities early in the year. take a listen. >> i do not think any of us b

united health change another one was lost. u.s.arket bunch in the justice department at the ftc would you see like a raft of deals like you would see paramount? you think these deals would go through? do you think big tech could actually get bigger? >> well depends. every single one depends on the facts and the circumstances of each of those but my guess would be, what i'm seeing from the outside there are still deals and deals that will get done but a lot of deals don't about down because parties don't want to be tied up for 18 months. >> that's paramount. >> one of more challenging issues not so much the enforcement action but so regulations coming for example, the ftc, this non-compete rule, this ban on non-competes which is very strong. they're in the cross-hairs of the supreme court already. recent 9-0 last in the exxon case. i think if they overreach the courts are going to keep on slapping them back. that's a real challenge for them. >> let me ask you this, change subjects a bit, have you followed crypto world at all, xrp ri

since 1987 the biggest gainers amid the winning streak 3m, goldman sachs, boeing, jpmorgan and united healthrket cap weighted. >> it's been around for a long time we need something to compare to ge the only remaining dow component that is still around the dow is underperforming today and for the year that does it for us. over to frank holland for "the half." >>> david, thank you very much welcome to "the halftime report." i am frank holland in for the judge scott wapner it is the busiest day of the earnings season, and we're tracking major moves as the dow tries for an astonishing 14th straight day of gains. melissa just said it, the longest since all the way back in 1897. our investment committee to break down the monumental move and where this rally could be headed for here. we have kari firestone, josh brown, jim lebenthal and rob sechan first, a check on the market at noon eastern

it was all led by when united health said they might have a higher medical loss ratio than humana puteport saying they could too this was that moment when pickleball -- it's absurd -- pickleball was spiking >> the move in united health up another 2.5%. >> elevance today said it's not a problem. so, this is a group that's come back from the dead so, i find these -- don't forget the industrials are doing incredibly well, and they're going to benefit from all the infrastructure money look at caterpillar, which bears were saying in 2006, was about to really have one of its nine lives short. and here it is up. they're sold out for everything involving infrastructure everything's i-95 in philadelphia as far as i'm concerned. >> we haven't mentioned cisco, upgrade from jpmorgan. it's had trouble getting above $52. >> people feel they have not benefitted as much and the melanox acquisition that nvidia put together boxed them out. but i think the chuck robbins telling a good story, there's a lot of business to go around >> the lead story in "the journal," tech stocks are rising manically, spil

. >> all right lastly, speaking of up a lot, finally, i guess, jason snipe, united health. one of last year's best, one of this year's worst in terms of that type of stock getting a nice move today, near 4% >> the quarter is really strong and i attribute it to the services business. optum was up 36%, a strong number despite medical costs >> bernstein upgrades it to outperform take the target to 603 not 600, 603 >> do you worry about utilization rates rising >> i do. we'll see how it plays out the challenge coming into this year, looking into obviously the election season, medicare costs on the docket. it's a compound. >> contessa brewer has our headlines today. >>> hi there, scott. former president donald trump informed he's a target in a high-level investigation, according to two federal law enforcement sources to nbc news. special counsel jack smith is looking into alleged efforts by trump and his allies to overturn the 2020 election. sources tell nbc news a letter sent to trump informed him there is evidence linking him to a crime, and he has the rightto appear before a

lastly, keep an eye on united health care, delivering a strong beat on second quarter earnings, thanksmedicare advantage customers. we saw enrollment jump 9% in the second quarter wall street likes what they had to see stock up 8% on the day >> seema, thanks >>> it's been a big week for crypto bitcoin hovering near the hives of the year, and coinbase is on pace for its fifth straight weekly gain. a federal judge yesterday ruled that they did not violate u.s. securities law, writing that its native token xrp is not in and of itself a contract transaction, or a scheme but it is not a clear-cut victory for the crypto industry, as xrp is a security when it comes to institutional sales joining me now to discuss is the ceo of ripple lab with kate rooney >> brad, thank you for your time today. thank you for being here >> good to see you both. >> so it's been almost three years of litigation, and there's been a lot of confusion about what this court decision actually means somewhat is the direct impact for your company, ripple, and for the broader crypto industry right now? >> 2 1/2 years ago,

announcement and another gain for the stock and those shares have been surging united health continuing post earnings rally and getting another upgrade today, as well there it is up 3.5% and a strong day for morgan stanley and bank of america after those companies reportedearnings the ceos on the network today and wall street liking what they had to say as well and nice gains for both of those. the nasdaq is higher, too. a mixed day for some sft more popular mega-cap names and there's the nasdaq accelerating near the highs of the day up 1%. it leads us to the talk of the tape the rally resiliency and the s&p another 52-week high today the big question, of course, how long can this bull run really last, and post nine, and there she is and what's the answer the market doesn't seem to want to go down >> yeah. in part it doesn't want to go down because the numbers for 2024 are moving up and as we go through this earnings season that the street has for s&p earnings and 2024 likely moves higher the multiple moves higher as the numbers move higher. >> i've heard from some people this week that

interested in the ways that the healing insurers are able to pass along the additional costs that united health care and other companies have told us they expect to see from seniors stepping out and having some elective procedures done it's a real cost driver near term, but i imagine that because of the way insurance works across all sectors, they will find a way to pass along those increased costs to the insureds through additional premiums, increased premiums so for the health care stocks and the health insurers specifically, i just see a possible growth engine and profit engine near term bubbling up underneath the surface. >> i agree with you guys, as long as the market pulls back some i think the service providers have huge pricing power. i don't know if the market keeps rallying if they'll keep up. i think it's prudent defense if you think we're going to get a pause in the market, but i doubt they'll keep up if we keep ripping higher. >> adam, really appreciate it. good to see you on set thanks for schlepping in bryn, thank you, malcolm, thank you all. >>> let's get to our twitter 'x' ques

lasts, i don't know but two words broad base comes to mind in the dow the most important name is united health in a bear market and woke up about 400 dow points in three days on that move so pretty much a lot of things on the move right here and let's keep fingers cross it had last awhile. liz: nasdaq at session high at the moment and s&p two points from the session high and watching it ultimately gary and teddy. two of our favorites, thank you so much, gentlemen, for joining the one and only floor show. up next, silicon valley og. yes, the founder of venture capital firm coastal ventures and co-funder of sun microsystems and we're joined live to spot the ai investing opportunities. get rid of the direct and looks at good stuff. plus, the billionaire weighs in on early stage deals he's looking al right now. closing bell 49 minutes away and c"claman countdown" coming right back and dow jones industrials gaining 69 points. we'll be right back. ♪ i'm so glad we did this. i'm so glad we did this. i'm so glad we did this. i'm so glad we did this. i'm so... ...glad we did this. [kid plays drums] lif

last year, the ministry of health and medical education's smart services unit window was launched at the address of sports health. in this system, all the commonly used services with the health system id that had the ability to connect to the single window, that is, they could be provided on the internet and also required authentication , were placed in the single window of the ministry of health. please note that the ministry of health is a ministry, but the three the rodel health system includes health care and education and the administration of 67 universities in different parts of different provinces of the country to the drug organization to the sectors related to industry and the production of health-oriented goods, and in terms of serving the entire world , 75 million people receive their services from before birth to after death. a lot of training has taken place in the ministry of health. it was done today 1399 at 16:00 at the time of the range of services that you mentioned in the number of the ministry of health, and there is no denying which one of the big events that hap

as take a look at the dow heat map, with microsoft and united health the only stocks in the green rightets well off session lows. isng iba aers ckft th somebody would ask her something and she would just walk right past them. she didn't know they were talking to her. i just could not hear. i was hesitant to get the hearing aids because of my short hair. but nobody even sees them. our nearly invisible hearing aids are just one reason we've been the brand leader for over 75 years. when i finally could hear for the first time, i started crying. i could hear everything. call 1-800-miracle and schedule your free hearing evaluation today. >>> good afternoon, everybody. welcome back to "the exchange. i'm tyler mathsen with a cnbc news update. houston police confirmed this afternoon that the texas teen who was missing for the past eight years was at home the whole time rudy fer yas made national headlines when it was reported he had been located safe, but was nonverbal and unable to communicate. police say they're unsure of his mother's motivation for maintaining that he was missing for so long

eight-month view why do i say eight, we got to get to the promised land of next year because when united healthorts you'll find out it did better than it said when it had these issues involving more people playing pickleball. i got to tell you, the club told me i had to have weights to play pickleball i'm not changing out my levis. i wouldn't touch it but it could make a comeback. do all the research you want on a specific stock with a short thesis in mind but if it's being heavily shorted, would you please just steer clear. on "mad money" we continue our series on legislation beneficiaries by taking a look at the c.h.i.p.s. act. everyone forgot they're about to win. then we turn for more macro themes storage rental plays you don't want to miss it's actual -- >> buy, buy, buy. >> sean saver's valley village soared on its first day of trading. can that be sustained? you know we're all over the ipos that market is coming back as will the m&a market after that incredible decision against the ftc today. the court when it comes to activision stay with cramer >> announcer: don't miss a second of "mad

murthy to discuss a number of health issues affecting the united states, including covid-19 and mental health. i'm here today with dr. vivek murthy, who is the surgeon general of the united states. thank you for giving us this time. dr. murthy: of, david. -- of course, david. i'm glad we are having this conversation. david: i'm sorry we cannot do this in person with you, but as you heard, i did come down with covid. i managed to dodge it for two years. i don't know what happened but i guess my luck ran out. is covid still a major problem in the united states? people like me are still getting it. dr. murthy: david, first off, i'm sorry you have covid. from personal experience, i know it is a serious thing and even though you are vaccinated and everything, sometimes you can have breakthrough infections and have mild symptoms. i wish you the best in your recovery. as a country, here is where we are. we have certainly come a long way in the last couple of years. i still remember very clearly in march of 2020, when more and more people were getting sick, when hospitals were starting to fill

let's get back to pippa stevens for a look at stocks these watching >> evance health, it followed united healthnd the optimism is easing concerns over a slowdown in medical procedures which unitedhealth triggered with a warning last month. shares of at&t rebounding after yesterday trading at a three-decade low following "the wall street journal" investigation on lead cables lead cables represent less than a 10% of the copper footprint of more than 2 million sheet miles while also saying it strongly d d disagrees with the conclusion, with verizon, lumen and frontier also jumping. >> pippa stevens, thanks last chance to weigh in on the twitter question we asked will we see record highs for stocks this quarter? the results are coming right after this break sh we had more cash. you think those two have any idea? that they can sell their life insurance policy for cash? so they're basically sitting on a goldmine? i don't think they have a clue. that's crazy! well, not everyone knows coventry's helped thousands of people sell their policies for cash. even term policies. i can't believe they're just si

_ spend on health like in the united states, we were still stopped in our tracks by coronaviruss. if we make those investments today then we will have — those investments today then we will have savings in the long run — will have savings in the long run we _ will have savings in the long run. we spent so much more reacting — run. we spent so much more reacting to— run. we spent so much more reacting to the disease than we did on— reacting to the disease than we did on prevention.— did on prevention. doctor vanessa. _ did on prevention. doctor vanessa, thank _ did on prevention. doctor vanessa, thank you - did on prevention. doctor vanessa, thank you for l did on prevention. doctor- vanessa, thank you for being here. ., ,, , affecting everyone. even the animals! these pictures come to us from california a grizzly bear caught on camera, cooling off in a private home's pool in burbank. it was captured during record breaking heatwave temperatures on friday and police released the footage. locals had spotted the bear before it jumped in to cool off. the owner says it was in there fo

units. meanwhile, health care workers continue to talk about medical bias on social media. joel burvell is a medical student whose tiktok video on this underlying racial bias went viral. so my percentage right now is 98%. 100% is like the max. but most people are between like 98, 95 to 100. what it's essentially looking for is it's looking for your oxygen saturation of hemoglobin. and so it's seeing how much light is absorbed back from that hemoglobin. but in darker skin tones, melanin also absorbs light. and so it can cause that number to be increased. my name is joel burvell. i'm a fourth year medical student at washington state university, but i'm doing a research here right now at johns hopkins in medicine online, and better known as the medical mythbuster for talking about issues of health care disparities that exist and have long been overlooked in medicine. one of those examples is pulse oximeters. i was on instagram and i was scrolling through and i saw an article from the new england journal of medicine that was essentially showing how these devices that are meant