here, the only provider that was effective in terms of carrying out a referral program was united health care. >> all right. >> then united -- refer best doctors, and then you say referred to benefit partners. so, what does that mean, the seven people went back to u.h.c.? >> no, these are all unique users. so, if we are taking a look -- >> benefit partners. >> looking at the second line, the u.h.c., the first column shows referred to best doctors, 19 cases. that means u.h.c. referred over members to best doctors and out of all the members they referred, we had actually seen through cases through closed status from 19 members. 19 unique users. >> it says referred to benefit partner seven, what does that mean? >> that means from best doctors we sent out seven members back to u.h.c. and it's not the same members that were referred in. it was members that obviously didn't know that u.h.c. had a particular program or could help support them or clarify their questions about their claim or their physician or in-network status. >> looks like it should be 12. seven from 19, 12. >> unique users. 19 peo

hearing and seeing -- commissioner breslin. >> united health care, co-pay for urgent health care is $35, medicare advantage plan. $10 more than blue shield and kaiser is only $20. so, i think for next month, you know, and we'll have this for an ongoing question about why this is more than everybody else, especially when you can afford to send out all the mailers, you can bring down the cost. >> we are just beginning the renewal cycle. i was going to bring a couple items to director mitchell's, or acting director mitchell griggs' attention. recommended changes where we are seeing some complaints. add that one to the list and definitely price a lower co-pay into -- >> and another thing, physical therapy co-pay is so much more than acupuncture and a chiropractor, i don't understand, especially since physical therapy is covered by medicare and the other two are not. not only your plan, but others. and i don't understand that. and you know, chiropractic and acupuncture are passive service, i mean -- therapy. compared to physical therapists. i don't understand why the difference in the price.

see what happens, but i think that you know, i look at united health care for example, expectations were so high. the stock was a monostoster las year and while the conference call really dominate edominated up to the expectation. earnings are going up 15% for united health care 10% for jpmorgan probably less for citigroup. but i think that's really important. that if earnings are good, the tax discussion is good, numbers are going higher >> dollar is lower >> dollar is lower i've asked you guys you know, almost every day now what euphoria is going to look like what's it going to feel like how are investors going to know when maybe things have gotten too hot to handle? >> well, it's, i said last week, this is like a, this is not a question of whether or not the fundamentals are improving p whole world adprees now. what we're talk iing ant is sentiment. euphoria is not a fundamental term doesn't appear on a balance sheet. okay so are we in euphoria? i said yes last week and doesn't mean i'm 100% right. that's the way i feel. some of that is an eck doe tall. it's not evidence based. no

i added t united health care today. i've owned it but they're investing in technology, they have a fabulous management team. you look for these pullbacks in high caliber companies to buy. >> jeff bezos always says your margin is my opportunity it's good to see i agree with stephanie, i think that the managed health care space selling off is a little bit of an overreaction i think for the pbms, they have a problem here going forward i'm going to continue to play through medical devices and probably pick up thermo fisher and boston scientific on the close. overall this is about margins and that is the most important thing. >>> we're off to a good start of here's what else is coming up on "the halftime report." >>> it's been a turbulent ride for most airline stocks over the past year, but jpmorgan says now is the time to buy at least one. the desk debates the upgrade in our call of the day. >>> plus, billionaire investor howard marks joins the desk. what the oak tree capital chairman thinks of the state of the market, rate

. >>> "world news now" weather, brought to you by united health care. if you have medicare parts a and b and want more coverage. guess what? you could apply for a medicare supplement insurance an whenever you want. no enrollment window. no waiting to apply. that means now may be a great time to shop for an aarp medicare supplement insurance plan, by unitedhealthcare insurance company. medicare doesn't cover everything. and like all standardized medicare supplement insurance plans, these help cover some of what medicare esn't pay. so don't wait. call now to request your free decision guide. it could help you find the aarp medicare supplement plan that works for you. these types of plans have no networks, so you get to choose any doctor who accepts medicare patients. rates are competitive, and they're the only plans of th

the second best performing stock today was united health care. i topped expectations and raised its profit outlook for the year by more than 16% due to the corpor tax cut. the insurer also said it plans to speed up investments in technology that it hopes will cut customer costs. united health is the largest u. health insurer and the first to report fourth quarter profits. stock rose more than 1.5% on the trading session. >>> then there was general electric. it was the worst performing stock on the blue chip index today, falling nearly 3%. this after the company announced a $6 billion setback, and the ceo said something that was once thought unthinkable. he is thinking about a breakup. morgan brennan has our story. >> reporter: you mark the end of an era. the potential breakup of general electric. a call with analysts today, ceo and chairman john flannery said he is seriously considering it. >> as i look at the company continuing to evolve along the continuum, i believe there could be different structures that could achieve all of those objectives

name that stands out today as a buying opportunity on the weak bs . >> we continue to like united health care. i think they're leading the way. a key drooifrl change in the industry >> great stuff michael, anna, thank you for joining us. >> bye thank you. >>> we'll be talking about the future of health care at cnbc's first ever healthy returns conference coming up march 28th in new york city for more information go to cnbc.com/healthyreturns. >>> an update with sue herera. >> good to see you a bipartisan news conference held with former gymnasts who allege sexual abuse, dianne feinstein and chuck grassley hailing the passage of protecting athletes from sexual abuse act in the house they hope it sails through the senate today >> their efforts will help protect young athletes everywhere my work as chairman is not over after the president signs the bill i will do the oversight that's necessary to make sure that the bill is properly executed. >>> pope francis is sending the vatican's most respected sex crimes expert to chile to investigate a bishop accused by victims of covering up for the countr

health care stocks are >>> there you have it. the opening bell there at the new york stock exchange. the dow jones industrial average dropped 341 points with united health care as the biggest decliner. the stock index was on track for its biggest one day drop. >>> you just mentioned the health care stocks dropping. this was after three big companies are teaming up to launch a new health care vent you are. amazon, jpmorgan chase and berkshire hathaway. they say it will be at a reasonable cost. it is in the early planning stages. the copy will be independent and free from profits. >>> scores of childhood experts and advocates signing on to a letter sent to mark zuckerberg today asking the facebook ceo to delete the app that was snenlt december. they are arguing that children don't know how to protect their own privacy. facebook pitched the app as a way to chat with family and fwrenlds presental oversite. assuring it will not collect information for advertising purposes. >>> all new, the ten hottest neighborhoods in the entire country are all in the bay area and mostly the south bay. the hottest neighborhood is the buck nall neighborhood. the averag

if you look at the history of health care in the united states, the health-care system is much more privatizede than it is in europe. it started basically after world war ii, they were a lack of workers. and to attract workers companies started to offer pension plans, but also corporate health care plans. and right now we are in a similar situation because we almost have full employment. that could be an incentive for talent, for good skilled workers to join those corporations. helena: right, but what does this then mean for the broader health care industry? jens: there is a lot of pressure building up for the health care industry. there are plans that hospitals, for example, are thinking about manufacturing some of the medications themselves. we have amazon, who is thinking about going into the drugstore business. and now we have this development with those three companies that are trying to offer cheaper health care, or some form of health insurance. we don't have all the details yet to their workers. that means a lot of pharmaceutical companies, for health insurers, and also for drugstores.

the rally could be held their earnings from several big-name companies including united, health care. kerning in revenue came out a few moments ago but revenue and earnings topping expectations. the company said the most recent quarter earnings per share were boosted by $1.21 by deferred tax benefits. the company revised their 2018 outlook to affect effects of tax law changes. this is why markets keep going up. waiting for numbers from citigroup due out later this morning. the main thing to watch in the earnings whether more companies will be giving bonuses out to employees. several big auto industry ceos including fiat chryslers sergio marchione spoke with fox business about what the legislation means for their companies. >> we removed all the cobwebs and concern about when they do it. i'm glad we've done it. >> the tax package will have a 200,000 unit done to the overall marketplace, but more important than that, people have a really positive attitude going forward. consumer confidence is very strong in consumer confidence helps drive car sales. in europe, take a look at england, fr

health care sector. first look at the insurer, united health, anthem, cigna. flip it over to the pharma names, allergan, pfizer, eli lilly, a different display of names and you can see pfizer, the big american company down 3%, allergan down, finally device makers, look at this. a route for device makers following that news, they've come up off lows, maybe i should restate that and say not necessarily a route, avarian, intuit, getting hurt. and the aggregate getting crushed because amazon, berkshire hathaway and jpmorgan decided we're not waiting around for the government. we're not waiting around for insureers to figure it out. we're going to build a company that aims to improve outcomes for all employees with the goal of curbing rising costs. amazon hit a lifetime high today, right now still up fractionally. berkshire marginally down, look at amazon over the past ten years, whenever you pair amazon with a sector they're not in yet, it has quite the effect. the man who knows the amazon effect inside and out, scott galloway, author of the four, the hidden dna o

health care really moved markets. they said this in the press release, "the company will be free from profit-making constraints." they could disrupt health care for sure. stocks spooked. unitedtock dropped 4%, driving the dow down 365 points. the worst since may. we also have rising bond yields that's lending to the idea that the era of low interest rates may be over. two days, the dow down 600 points, stocks can fall -- >> since 2016. that health care proposal, boy we have questions about that. >>> can peacocks fly? not on united airlines. the airline barred this beautiful bird from a recent flight. that's next. and when youod sugar is a replace one meal... choices. ...or snack a day with glucerna... ...made with carbsteady... ...to help minimize blood sugar spikes... ...you can really feel it. now with 30% less carbs and sugars. glucerna. the things we do rising before dawn. sweating it out. tough to do it all. but we can always find time to listen to great thinkers and explorers whose stories take us places our hamstrings can't. all we have to do is listen. download audible to start listening. luckily, office depot®not officemax® is hereeart. to take care of you. ♪ taking

industrials expected down 250 points we are once again, at the lows of the morning, part of this is health care unitedts off dow alone jienths getting little marred jpmorgan amazon berkshire hathaway announced this morning that they have plans for a new health care vote on -- venture -- jon hilsenrath why taking out health care stocks. >> i mean, i don't know that a venture from three is necessarily a game-changer for the entire health-care industry you have three powerful people behind it jeff bezos, warren buffett jamie dimon head of three companies. >> i have a quote from warren buffett in the press release from this new triumvirate our group does not come to this problem with answers. there may be a -- drop in stock like united health care might be a little overblown. >> is idea they obviously run successful businesses going to get health care costs down make sure that some players get less money for health care? >> well. >> amazon going into the farmer space -- >> in -- they are talking about their teaming up to improve employee satisfaction andrews cos-- and reduce costs medium price to earnings

and if you look at the history of health care in the united states the health care system is much more privatized here than it is in europe it started basically also after world war two when there was a lack of workers and to a correct those workers companies started to offer pension plans but also called health care plans and right now we are in a similar situation because we almost have full employment and that could be an incentive for talents for good skilled workers to join those corporations. yes quarter reporting from wall street there today wednesday is the annual general meeting of german engineering giant siemens protests are expected because the men's is planning to lay off workers and close production facilities here in germany at the same time it looks like the company is towing u.s. president president trump's line to boost investment in the united states. as the world's rich and powerful gathered in davos fifteen captains of industry got a chance to get up close and personal with u.s. president donald trump one german paper remarked they were like schoolboys eager to imp

and if you look at the history of health care in the united states the health care system is much more privatized here than it is in europe it started basically also after world war two there was a lack of workers and to a direct those workers companies started to offer pension plans but also called bridge health care plans and right now we are in a similar situation because we almost have full employment and that could be an incentive for talents for good skilled workers to join those corporations right yes but what does this then mean for the broader health care industry. there is a lot of pressure building out for their health care industry and there are plans that hospitals for example thinking about to manufacture some of the medications send cell so we have amazon who is thinking about going into the drug store business and now we have this development where those three companies that try to offer cheaper health care or some formal fields insurance we don't have all the details yet to their workers and that means a lot of pressure for pharmaceutical companies for health insurers

here, the only provider that was effective in terms of carrying out a referral program was united health care. >> all right. >> then united -- refer best doctors, and then you say referred to benefit partners. so, what does that mean, the seven people went back to u.h.c.? >> no, these are all unique users. so, if we are taking a look -- >> benefit partners. >> looking at the second line, the u.h.c., the first column shows referred to best doctors, 19 cases. that means u.h.c. referred over members to best doctors and out of all the members they

and if you look at the history of health care in the united states the health care system is much more privatized here than it is in europe it started basically old software world war two there was a lack of workers and two of those workers companies started to offer pension plans but also called health care plans and right now we are in a similar situation because we almost have full employment and that could be an incentive for talents for good skilled workers to join those corporations. yes quarter reporting from the new york stock exchange there now today one of a kind cello making its debut at a concert in northern italy right christophe this very creative cello was a sculpted from ice on top of a nearby glacier it's beauty and fragility are part of its sound and its origins high in the italian alps. and this is how ice can sound when you give it the right shape. they call it the nice cello. italian musician giovanni salema plays it in a bubble inflated with cold air. inside it's minus eight degrees celsius but nothing puts him off his notes. the audience is in chant it. american

we saw united health care care yesterday being the biggest drag since the amazon/berkshire hathaway/jpmorgan announcement. all they told us is they will provide health care to their employees. how is that sitting today? >> reporter: you're right, stephanie, the whole news about whether or not amazon, jw morgan chase, and berkshire hathaway can actually make any real headway in improving health care costs for right now just their employees still remains to be seen. they make an anomalous statement, it's going to be technology-related solutions. and all of a sudden, an entire industry sells off. health care was by far the biggest drag, not just on the dow, but also on the s&p 500 overall. so as some of these health care insurers and pharmacy benefit managers and drug stocks took a big beating today, we'll see if in early trading they can recover some of those losses. the dow and s&p have a long ways to go to get back the total loss in two days. >> but the fact that this deal is still so speculative, and we don't know any details, and we see the market take such a hit, does that not illustrate

united health care, goldman, caterpillar, 3m all adding 500 points each since the election.is twice as important to the dow as apple is to the s&p 500. joe: that is pretty impressive. big picture, i think in our minds, new year is a time to reset coming years resolutions and stuff like that. the market is like it just didn't matter at all. >> people had this mentality year, you needw new leadership, we have the steady grind higher, tech is probably going to lead again. joe: i know we are only three days into the new year, but is there anything we can say about it yet? >> the fascinating thing is the massive commodities rally. the rapid increase in commodities, the futures , energy, index materials shares are in the lead early in the year. obviously the dollar is on everyone's mind right now along with the flattening yield curve and the linkage between the two. a lot of handwringing going on this year as far as the relationship between yield differentials and the dollar, not really following some of the old textbook things that people look at. for now, it's really very much o

that pulldown see being led by united health, health care shares slumping after news that amazon, berkshired jpmorgan are getting into the health care services in the -- industry. we're seeing the s&p 500 going down for the second consecutive sector. the s&p 500, defensive, like utilities. the nasdaq is also losing ground. we will have more on what is happening with the markets. live from new york, this is bloomberg. ♪ ♪ shery: this is "bloomberg markets: balance of power." i'm shery ahn. david: i'm david westin in washington. hesident trump says understands he needs to reach out to democrats on issues such as immigration. will democrats be receptive to his overtures, and what, if anything, can democrats and republicans find is common policy ground, even if they can never agree on politics? , during her career, she has served as a senior policy adviser to the presidential campaigns of barack obama and hillary clinton. we welcome her here. neera: great to be with you. david: let's start with a question a lot of people are thinking about. we had a bernie sanders running to the left, i was aro

united health group. this will be interesting to watch given a tax reform has delivered a blow to the health care industry and a bellwether for the industry country's largest health insurer and a bellwetherfor the industry and it is expected to comment on the changing landscape of the market and layout plans on expanding business in the new year, giving rising the competition —— given rising competition. joining us is jane foley, senior currency strategist at rabobank. nice to see you. let's pick up on theissue nice to see you. let's pick up on the issue of carillion, the fallout is becoming quite clear. the ones that were gaining a potentially the rivals of carillion which could sleep in for contracts, the ones losing had joint ventures or were tied in some way to carillion. a tale of two halves? and lots of the ones losing were involved in pubs private sector contracts. these quys pubs private sector contracts. these guys will probably had to pick up the costs. sullo firm could be significantly out of pocket. the ones announced yesterday, that this is the case then, included balfour beatty and an infras

we have a non-united health care system around the country. is not centralized. is no negotiation for drug prices, except in medicare for healthcare services. they can negotiate drug prices under the part d regulations. there's a lot a large organization could do if it was not concerned with how much it had to make. it would be interesting to see what kind of things they could do if they apply technology to this, which in theory would help to bring down prices. we spend 18% of gdp on health care. coming inside the bloomberg, this is consumer medical costs versus cpi. since 1990, costs have averaged 2% higher inflation than the broader basket. you are paying a lot more for those medical costs. walk me through the longer-term deflationary impact. as more and more people retire and go into the medicare system, it's one of the biggest problems we have facing us as a society. wait until the baby boomers start retiring. and there has been no moving congress to start to fix this. there has been this idea that people could get together to create a new health care system.

business and three years ago started partnering with large health insurance companies like united health careell as large employers like the parent company comcast as well as walmart, american airlines, many other large employers and they offer our service as a covered benefit as part of their health plan. so it doesn't matter if you have insurance or not, we can see you. our average wait time is about four minutes which compared to the up average wait time of 18 days across the country is a really big differentiation of our service particularly when thinking about the flu, it is critical that if you think you have the flu, that you get in front of a doctor within 48 hours because they can prescribe medicine that can really shorten the duration of the flu virus. >> like what >> like being able to see a doctor -- excuse me? >> like what can they prescribe you? >> medications like tamiflu and antivirals that can slow the duration of the flu. but those are only effective if you see a doctor within 48 hours of the symptoms. and so being able to see a doctor 24 by 7, nights, weekends and holidays

and we were mechanized unit in health care we were first unit into lawrence head quarters that morning and village and he said i took a picture with my little brownie camera behind your track. of the ammo and long bin which was the largest in the world. blowing up -- and he said i would like to come by when i'm in town and give it to you. so we set up a time that he came by when i was in the senate, and had a long conversation and he gave me an eight by ten picture of this little brownie systemic camera picture. it looked like atomic bomb going off everything was astangedding that he autographed it for me and i've kept it on the wall and rest of the time in the senate, secretary of defense i have had n my office as well so it was a reminder which tom and i have discussed many times about -- again, the significance of it. >> and the scale of the destruction, i mean, because all of this ladies and gentlemen, for chuck hagel's unit at the time they were in and aired city of saigon largest city in south vietnam and capitol today now called ho chi minh so -- >> so how about you i was in lon

we are seeing a dragged down by united health. health carefter the news on amazon, berkshire, and jpmorgan art collaborating on ways to offer -- offer health care services to their employees. the vix continues to gain ground. 15. the dow down more than 1%. live from new york, this is bloomberg. ♪ ♪ shery: this is "bloomberg markets." i'm shery ahn. vonnie: i'm vonnie quinn. it is looking like a rough day. apple shares down after a warning from deutsche bank. the firm claims iphone x prices are too high for the device to fuel its so-called super cycle of sales. ahead of apple's earnings as week, bloombergs mark gurman has been looking into analysts forecast. he joins us from san francisco. if that wasn't enough, we are hearing about delays, mark? mark: that is exactly right. not a good week for apple. they have earnings coming up on thursday. which is sort of a quiet period for the company. they can't come back to review these reports are a comment on them. i found sales numbers are anticipated to be lower than it acted. we are getting cuts re

you mentioned united health care it deserves to be up again today. >> what's the deal there >> what aarter. >> still kind of riding that - >> you know what it is it was a great quarter fundamentals are strong. they're doing wonderfully well in their optum business and they get tax benefit. you can't have just tax. >> you might have thought united health, a company that went up like it did during the obama administration, you think the narrative has changed completely and, no, i mean, it's at an all-time high. >> the fundamentals are strong the valuation, it's not cheap but the company is growing earnings are growing up 15% after tax and after fundamentals i really -- i know we're all obsessed with the tax discussion and that really has been the driver the conference calls so far, particularly the banks, but when you have that fromle banks, and then the kicker with tax, i think that's nice. i expect all of the hmos to do quite well >> where do you like in this market do you agree with what mike was saying, at some point you want healthy pullbacks, especially as more people -- look at "

you talk about the health care problems of single-payer versus a bigreforms, there's problem the united states and health care and how to make it more efficient overtime. a single-payer system would move people a lot out of insurance arrangements. single-payer would move all them sponsoredernment insurance system. that's a lot of displacement and cost and a lot of movement of private premier money into the federal government. i'm not sure that's a good idea. is that really the answer to the problem? for people who are very big advocates of single tear, they should read the stories of the u.k. about the national healthcare service which has features that are commendable, but there are problems when you have totally government sponsored insurance. they have massive problems right now. have a lot of this location and a lot of waiting because they have been overwhelmed with sick people during a bad winter season. it's not a panacea. theseare trade-offs with things for the real question with health care is how to make it more efficient overtimes? government to make it more efficient overtime

united states today, some 28 million americans do not have health insurance. yet over the last year, the republicans have attempted to throw an additional 32 million people off of the health care ve, including proposed cuts to medicaid of over a trillion dollars. tragically, the united states has the highest rate of childhood poverty of nearly any major country in the industrialized world. and instead of doing all that we can to end childhood poverty in this country, the republicans makeproposed to once again a horrific situation even worse by cutting nutrition programs for children, cutting the wic program, cutting the head start program, afterschool programs, and funding for public education. there areident, millions of senior citizens in this country who can barely make it. and i sometimes wonder how in god's name they do make it. on $12,000, $13,000, $14,000 a year in social security. how do you keep your house warm? how do you buy the prescription drugs you need to stay alive? $13,000 ordo it on $14,000 a year. and yet, there are millions of senior citizens in this country in that position. but despite that reality, over to last year we have had fight off one republican e

united health, 416, these three stocks, the bulk of the gains in the dow industrials last year. so which ones could push the level over that 25,000 mark? well, boeing, goldman sachs, 3m, and united health carehese stocks are the highest price stocks in the dow jones industrial average and of course, kelly, the dow is a price weighted index, these stocks are going to have the most weight. if you look at some of these names, boeing 3m, united health, caterpillar, part of part of the iq 100 and if you want to look -- >> not to mention where we've come, we had the gauge below nine today i rarely -- i mean i think it's happened a half a dozen times ever and this comes after people were saying, the president was irresponsible tweeting about nuclear war with north korea, this is not a market, you know, talk about the risks that may be ahead, that's one that everybody talks about, and one that we completely glazed over >> market cuts to the bottom line when it is, what exactly would options prices be trying to capture in reacting to a presidential tweet or some kind of slight move in the probability of some kind of cattily mic conflict and they never really did that the vix mostly responds to what'

united health. you cannot rule out that something as large as these three companies could buy any of these managed-care entities. shareholders' is that technology related solutions is the best description for things that united health has been developing and successfully deploying, so than the question is is this a new set of capabilities that is going to compete against that? vonnie: matt borsch, thank you for your contributions, today. let's check in on the first word news with taylor riggs. taylor: truck -- president trump expected to boast about a strong economy when he delivers his first state of the union address. the president is likely to call for bipartisan action on immigration reform. the is considered ceremonial start to president trump's second year in office. the u.s. is ramping up the pressure on russian interference in the 2016 election. the treasury department released a list of 210 of the company -- of the country's biggest -- that limited inventory of houses for sales is still having an impact on prices. home prices in 20 large u.s. cities rose in november by the most in more than th

corporate america makes the biggest joint push for better health care in the united states. and who can make the bed a cup of coffee man or machine. i've been fizzling let's do business the european union has given member states ten days to clear the air it will suit britain the czech republic germany spain france italy hungary romania and slovakia if they don't present a new plan is to lower pollution. the air is thick in germany's major cities air pollution is way over acceptable standards in mind metropole of neri is including munich stuttgart and berlin and the e.u. commission is fed up it says the seven years since the standards were adopted was a nuff time for germany to mend its air polluting ways. and the face of such long standing favors to take serious steps in and in view that the legal process will continue all member states to add to this this life threatening problem with the agency that it deserves the european commission estimates four hundred fifty thousand people die prematurely each year in europe due to the effects of air pollution clean air is not a much

still, perhaps a sign that people wanted to at least cover shorts or go long a little bit at united health care hand with cvs health as well if you take a look at some of the overall pictures from these type of stocks in this kind of environment, if we see this volatility arise throughout the course of the day, it might be a sign that people want to get involved on the long side of these things check out the s&p 500 stocks that saw a bit of that dip buying a lot of these stocks dipped at the open yesterday and saw a gradual move higher throughout the course of the day. maybe not positive for the day but still something to watch poulty group, a red hot sector, they sold off at the open but rose 4%. pacar up 5%. home depot shares, another stock that took a big dip at the open. up 5%. wynn resorts, we know there's still problems there still, it was up 7% from its lows yesterday express scripts, one of the names that sold off in the whole health care space, up 9% from the interday lows. as traders take a look at where the sentiment is, they'll take a look at the stocks where they've seen a little b

united states. the year has been a bumpyne, health care, media fights. outside the united states, it's cmer. the president is facing serious threats and a miscalculation could lead to all-out war. i spoke to the secretary of defense, ash carter. >> secretary carter welcome to the program. >> good to be here. >> on the eve of president trump going to davos, they put out a global survey saying the risk of military conflict is rising and it will sharply rise in 2018. what do you make of that? does that sound right to you? >> the principal place that that may be true is on the korean peninsula, elsewhere there's danger, but it may be a continuation of the past. we may see -- it's not highly probable, but never rule it out, is an incident on the korean peninsula. particularly the north korean military, sort of a doctrine to lash out if provoked. it has been that way as long as i have been working. and therefore, whether it starts with an incident between the north and south, whether it starts between -- with an incident between north korea and the united states, there's always a possibility there

back in dividends and things like that, but you see do you see across the board fedex can the united health care and investing in the company and by the way apple, bloomberg reported they are giving $2500.graham. >> when they mention the commercial arena break but apple doesn't include any buyback news which is a really good point. it's not like we are going to buy back stock. they are talking about investing at the data centers with a 350 billion over five years. >> they are. i want to make one other point about what john said. this is a low unemployment. more aggressively than i planned. on the positive side it could lead to the wage increases have been waiting for for years. >> i would say also in reality in the real world it is well above the index. the index margin is far greater. the market is already building in wage increases because to be competitive, importers have to do that. businesses also are doing what we always do. invest in our companies. it's only been this environment in the last eight years under president obama were business has been a bad thing and somehow or another we are

domestic product on the health care while france or germany with better results in terms of life expectancy and so on, spend about 12% or 11 point something percent, not mention the unitedingdom with 9%, 10%. the prices for health care, medical customizations, surgery, 5% increase of 4%, 5% increase in the five recent years, far more than the increase in the economy. there is a gap between the capability of the people to pay for health care and the cost. therefore, there is a need for a new model. the willingness of president obamacare, i will not get involved in the american policy,, but there is a big discussion how to make most, if access toericans with quality care. >> once the announcement came out, we saw $30 billion come off u.s. health care stoxx, could that be a sign that they expect the u.s. private health care system to be severely disrupted? added mission on the marketplace that the market is broken -- a -- an admission on the marketplace that the market is broken? even to medicare and medicaid , they will have to react to that kind of innovation. because there is no doubt that those three companies, amazon, berkshire hathaway, and j.p. promote theirill mode

today he established at the health and human services department a conscience and religious liberty protection unit that would allow health careroviders, institutions and doctors to opt out of abortions and gender reassignment surgery. highly controversial but a defense of religious liberty that was rolled back under president obama. >> laura: gender reassignment surgery and that's what our kids are needing today. how do we go from that to laundry pods? the pods freight made. >> kids have begun to eat these as a challenge online. you couldn't get kids to put soap in their mouths without a punishment. now an online challenge, they are cooking them, they eat them. five people have died over this. if they vomit they get sick. it has caused blindness. if it's pretty, people are drawn to it. they crave it because it looks like a candy. like so many things in the culture, you will be attracted and do things they shouldn't do. >> laura: dumb stunts online, we have seen this. >> 10,000 complaints a year to the centers of disease control. >> laura: they will be starting the powder. what about the #hetoo movement movement? >> were membe

in the united states, health care and education are two places heavily dominated by the public sector. this is not the places where we let market get in and improve people situations. we have not realized the system of free labor. people are much more trapped in a health care job or government job or a teaching job than in a lot of other sectors. >> how is the system you are proposing different than a generous european welfare state? >> we start at a certain level of thinking about what we want what we aresociety, against an capitalism. socialists, especially those of us with marxist backgrounds, like to have very scientific pretensions. it's called scientific socialism for that set reason -- said reason. we are against -- first that sad reason. him and its which a shame. we have seen the struggles of the workers movement in much of europe and scandinavia, but also elsewhere have belt welfare states that have given people a greater range of choice and opportunity. we see that working. the system also has an achilles heel. even though they put workers in a commanding position of power,

billion's more on the military, but not be concerned about veterans who did not get the health care they needed. at the united states senate, we ,ust hit our priorities right and we need a budget which deals spending,ith military but with the needs of the middle class and working families of this country. and with that, madam president, i yield the floor. part of the list of funding priorities you just heard from senator sanders was federal disaster aid for puerto rico. senator richard blumenthal recently returned from a trip to the island. sen. blumenthal: i am here to talk about our fellow citizens in puerto rico. even as the northeast is gripped why a storm of impressive abortions, rico is still -- a storm of puerto ricoortions, is still recovering from a storm. rico with myrto friend and colleague, senator murphy. to bring back my colleagues here how theased report on recovery effort is going, and how ample federal support has been. i come to the floor today furious. the people of puerto rico have a right to be furious as well. because they had been denied the basic help and relief that this great nation,

the ceo did a good job of turning around the health care unit so there's a lot of confidence that heat. this comes as a surprise the degree of this charge. it's going to come over the year to see whether or not they can hit numbers. when they lowered last year it suggests they should be able to be these numbers. if we take a look at the technicals perhaps there are some clues. 40% year ge down more than on those negative surprises. here's the third quarter. this area of consolidation. through last friday of this stock was up 10% this year. investors getting excited that maybe they could turn around the situation. now back below the 50 day moving average. it looks like investors will give john flannery the benefit of the doubt and say that they will be able to turn this situation around. the stock will likely climb higher. below that it could get pretty ugly. it will be very important to see what happens over the fourth quarter report. this sunday will mark the end of donald trump's first year as president and all week long bloomberg is going to be taking a look back at the issues con