tuesday united health and johnson & johnson. then there's big tech names, ibm, qualcomm, ebay and you already mentioned microsoft. there could be an updated volatility when all of these names report netflix, for example, is a notoriously big earnings mover the options market is implying a more than 8% move in either direction for that stock that's a big move. ebay is another big one. traders are expecting that stock could move higher or lower by 6% ibm and qualcomm are implying a 4% advance or decline. johnson & johnson and unitedhealth are predicting a 2% move it's going to be a wild week >> thank you, bob. >>> some of the most frequent questions we get from our fans are, one, why doesn't carter have a twitter account that's always asked. two, how do you calculate implied moves? we may never get a straight answer for the first question, but the second one is actually quite simple let's send it over to professor co with the call to action. >> square root of 2 over pi. skip that. it's not hard to do the back of the napkin calculat

next week, netflix, qualcomm, united health, johnson and johnen, just a that are reporting. are the banks sending the rest of the market a warning and is this about to look like selling season zm guy? >> i don't think so yet. jpmorgan's quarter wasn't great, but it wasn't a disaster if you're bearish in jpmorgan, it gave you ammo the reason why in my opinion, it didn't rally and didn't solve that hard is pause all along, we've talked about the metric to lock out with the banks. to me, it's priced a tangible boat jpmorgan, tangible book 53.5 dollar, so it's trading close to 1.8 times tangible book, which is where we thought the banks would top out. some other banks are not close citi being the biggest example, so, although jpmorgan was disappointing price action wise, i don't think you're going to sell the space >> i think it was good down 2.5%. the guidance for the back half of the year as far as loans were concerned wasn't great what's most important was the attitude out of jamie dimon. ewing four letter words on a family conference call like that >> i just thought it was i

ibm and qualcomm, a 4% johnson and jouin and united health, a more than 2% move.on't know which direction this should shake out, but it's a wild week. >> some of the most we may never get a straight answer for the first question, but the second one is simple. so over to professor ko. >> it's not that tough to do what the options markets are expecting for the future price move you want to look at the weekly straddle want to make a quick look at -- we do the math, united by the 157.5 or $160. one of the thipgs about netflix is that you see all of these big gaps in here all these big price moves. all of that came -- the thing is, this time, maybe not so much last earn, we saw relatively muted moves. september, 160 call spread we can pay $9.15 to get long that calendar call spread a very cheap price i like the -- >> a stock like netflix. mike when you're playing for it not that sort of move, but you're bullish, you're really saying you know what, i think it's probably going to come in there's other ways to trade it in that scenario i think it makes deny n netflix. i'm

traders are expecting that to move higher or lower by about 6% meanwhile, johnson & johnson and united health both applying a more than 2% move. we don't know which direction this could shake out, but it's going to be a wild week. melissa, back to you >> some of the most frequent questions we get from fans, one, why doesn't carter have a twitter account? always asked and two, how do you calculate implied moves. the second one is quite simple, so let's send it to call to action >> we need the square root of 2 over pi. all right, that's the hard way to do it skip all that. it's actually not that tough to do a back of the napkin calculation for the future price moves. you want to look at the weekly straddle that means the call option and the put option that are close to the current stock price that expire the following week. you take the price of those two options. add them together and divide by the stock price. i want to look at netflix here so we do that math, we take next week's call, next week's put, add them together, it's about $14. divide it by the stock price and we're getting a move of

johnson. we hear from the most important health care company, united health, and two of the most important financials, goldman and sacks and bank of america. johnson & johnson runs in advance of each quarter and gives up some of the gains you'll likely get a chance to buy it into weakness united health is the health care company of our era the most important publicly traded cog in the entire u.s. health care system it's a huge winner as long as you don't believe the republican health care plan is going anywhere the bank stocks have been weak since wells fargo reported on friday i fear goldman and bank of america won't be able to change the direction of the group they're hostage for more volatility and higher interest rates. neither of which seems to be in the cards any time soon. after the close, this is going to be a tough one, this has become a battle ground this morning bar clay's came out and said it's time for ibm to reset expectations and set numbers. i sure didn't feel that way after speaking to the ceo a few weeks ago, but i understand if you want to wait to see if this is finally the quarter

and finding profit. >>> bank of america, goldman sachs, johnson & johnson, lockheed martin, united health, schwab, hurleynd ibm will be reporting today. you are watching the banks what do we expect from goldman and bank of america. >> goldman, 65% of the business is capital markets they're up against it. we saw from citi and jpmorgan that trading was down. if you narrow in on trading, for jpmorgan it was down 14% year on year, citi group 7%. all eyes on goldman sachs, how they do relative to those two. it will definitely be down if it's down more than those and significantly more, it's a second quarter in a row where they missed relative to the others on trading. last quarter they had that big miss for bank of america, it's interesting to see, trading will be down, they guided 10% to 12% down probably somewhere in between the citi and jpmorgan performance. but they're finally delivering on operating leverage and there was a difference between citi and jpmorgan jpmorgan slightly missed on that area bank of america will focus to see how they're doing in that core consumer lending f that interest rate hike

and andrew ross sorkin the futures right now are up just five. we've had how many dow components -- >> john -- >> we had a lot -- >> united health care, goldman sachs and johnson goldman sachs has been the weak link they beat earnings on both the top and bottom line for some reason the stock is trading down a little bit morning >> treasury yields quickly we're going to talk banks and obviously that pertains to treasury yields in just a second 2.29 on the 10-year. making headlines, gop leaders in the senate have pulled their health care reform bill after two more republicans came out against the legislation. majority leader mitch mcconnell says the senate will soon vote on a clean repeal of obamacare phasing it out over two years, with no immediate replacement. see what happens in earnings news dow component united health reporting better than expected quarterly profits and offering upbeat guidance the insurer says it's seen strong growth from new businesses and what it calls exceptional customer retention that was up more earlier kind of flat right now the futures were up more with that and fellow dow component j&j beat the street on the bottom line and raisin

right now from johnson and johnson the outh as j&j second quarter revenue fell in face of steeper competition for some key prescription drugs, also taking a look at united healthso raising 2017 forecast maria again, the stock up a half percent premarket, on the call they will be asked, of course, with exchanges obamacare not in them but they will be asked usually they kind of avoid those questions let's see if they make any comments. >> earnings have been pretty good, cheryl, by the way -- we are talking about this on the set, google saying they are going to show you all the stuff about your trip, but they acquired waves does that you they kept them separate that is the thing you are right the same technology coming from google. >> download both. >> yeah there you go. >> -- thank you, maria. >> thank you so much i will miss you -- >> coming up next houston rockets up for sale at astronomical price how much the team is expected to net, cofounder of one of the fastest growing pizza chains about the ray restaurant is taking cues from chipotle, back in a moment. ♪ ♪ your insurance company won't replace the full value of your totaled new car. the guy says you picke