and let's face it you have to own companies like united health care they're a little insulated from one of the problems in the broad market and that is labor cost. labor costs in health care have gone up 30% in the two-years since theened of covid, that's a problem for providers. and that's not really a problem for an insurer to mike's trade, in the past we've talked about the cost of the spread versus the width of the spread, and this makes tremendous sense in that regard because he's getting on call right where the market is, he's paying about 35% of the width of the spread, and given, again, that that first call is right at the money then this makes a lot of sense >> we're going to switch gears now and look at starbucks because the stock has seen some jitters over the last few months the coffee chain is outperforming the broader market in that time frame, but scott's not so sure this latte stays hot as investors gear up for earnings next week why not, scott >> well, starbucks right now has more problems than most companies. it's a discretionary purchase. i think it's absolutely a dis

let's face it, you have to own companies like united health care. e interesting thing is that they are a little insulated from the market labor cost. labor costs for health care went up 35% in the two years since the end of covid. that is a problem for providers. that is not really a problem for an insurer. to mike's trade, in the past we talked about the cost of the spread versus the width of the spread. this makes tremendous sense in that regard. he is getting the call right where the market is. he is paying about 35% of the width of the spread and given that the first call is right at the money, then this makes a lot of sense. >> we will switch gears and look at starbucks because the stock is seeing jitters the last few months. the coffee chain is outperforming the broader market but scott is not so sure that this latte stays hot as investors gear up for earnings next week. >> starbucks has more problems than most companies. it's a discretionary purchase. absolutely discretionary purchase. the problems are the company had substantial executive tur

and one, of course, the top one, that's the s&p 500 managed care subindustry group humana, united health care, molin and so forth the laggard is the s&p let's look at the five year basis compared to chart. what you see here is a divergence which is to say that healthcare, managed care has never really faltered, even as we had a very bad year and now a bit of a bounce. so the question is where from here look at this next iteration. this is the entire bull market, 2009 to present. that is a mathematically perfect 45-degree angle. that is the s&p 500 managed care subindustry group. that's not even into the top of the channel. just midrafnge. united healthcare we can end with this, take a look at unh's chart, unh is high today, 553. that horizontal line drawn on the top, it is high in april was 553. it is the exact same price it was, exactly six months ago. not extended, had a nice rest, that is the precondition more often than not for a breakout. we would play it for just that >> three very convincing bullish charts, mike what is the trade? >> yeah, so, you know this is a company i think you can

united health care is a stock that i've owned for ten years in one particular portfolio it is a juggernaut in terms of earnings stability, but also with respect to what they're doing with the dividend, health care i think still from a sector perspective, scott, is massively underowned it's not just because it's cheap but the earnings side of things i think is under-appreciated metric with respect to health care >> you pounded the table quite literally on this program six months ago maybe about the financials, remember so now we are where we are and we just had some drop their earnings today, do you still like that group? >> i do. some of our best performing stocks led in particular and still like the big banks with respect to the multidivisional assets obviously investment banking has been terrible in the third quarter, but we're hoping in the fourth quarter especially in 2023 we're going to see especially more mna activity as these multiples have dropped, scott, but on the commercial side of things in the big banks will continue to be very strong. it's most small midcap private companies

>> it's the seventh largest stock in the s&p, and it's defensive, united health care. >> unh mike khouw>> the guy asking the question said forever, which implies a long time. google hasn't been around that long i like john deere. that was found in the 1837 when you're doing calls you don't want stocks that are going to explode to the upside and you don't want things that are going to go out of business, either. that's also true >> our next tweet says with the continued strength of the dollar, how about a update on gold carter, how about it >> dollar's cracking here. extended bad week. what was up besides biotech and energy gdx, up 7.5% gold bullion also up. i like gold. >> our next viewer asked, what do you think about cash secure puts in amd? forward eps is 15 times. mike >> i like it this is one of the situations where you're looking at a name, the price has been significantly depressed and implied volatility is higher. so both of those things setup nicely, but the chart doesn't look so good, although i'm not the right person to ask about that there's somebody else on this panel who i

. >> keeping with health care, united health reports earnings next week, joe, you're actually in thishat offers a strategic hybrid between growth value, offense-to-defense the valuation is reasonable. it came into the year with a significant discount to the s&p 500. so, i think investors need to continue to maintain the exposure there it also has pricing power. look at a company like united health care, abbvie, which i know others on the desk own as well medical devices work in this environment. and certainly, my favorite, which is merck, which has had a strong performance so far, year-to-date overall, i think the xlv is only down 12%, relative to the s&p, down nearly 24%. >> all right switching gears a bit here delta also reports next week, one of the big airlines. jim, you own this one. >> look at tsa traveler accounts 7-week averages have been hovering at about 95% passenger levels compared to 2019. that's pretty good given supply constraints in the industry. ed bostion, the ceo, i said this earlier, he's really a clear communicator and i'm looking forward to his comments about dem

united health care is one of my favorites.t stays stable during the downturn in september and has been participating in the upside. i think these types of companies that have stable growth at very reasonable if not bottom valuation prices and as long as we are facing these headwinds with equities, that tends to put a lot of pressure on valuations. look for those really good value stocks with various drawing fundamentals. >> always great to chat with you at main street asset management. more to come on daybreak australia. this is bloomberg. ♪ >> here is a quick check of the latest business flash headlines. ray dalio has given control up of bridgewater associates, the firm he built into the world's largest hedge fund. he transferred all of his boarding rights to the board of directors and stepped down as one of the three co-chief investment officers. hsbc is exploring the sale of the canadian unit as the bank's latest move to streamline amid calls of the largest shareholder to spin off its asian operations. the review is in the

believe are good picks now for the current environment, right >> frank, i bought merck and united health care today these are some we have had for some time. no matter what is happening in the market, you can still have stocks doing well. merck is 2% off the high these are companies that are dividend focus if you own merck, you are getting paid for owning a fantastic company. unitedhe unite unitedhealthcare lower yield than merck unitedhealthcare for the past five years increased dividend by 18% per year that is powerful merck is lower dividend growth you are still getting 7.5% average dividend growth for the past five years. that's how you invest. we look at the landscape and 2022 has been challenging, but every environment has opportunities. >> that is true. kevin simpson, we appreciate you being here by the way, red october. phi phillies >> we split. >> thanks. >>> when we come back on "worldwide exchange. more on what has been a solid week so far for the markets. gilman hill's jenny harrington talks about the bottoming process. >>> and high profile exit for meta. >>> and shares of one met

the bet every breadth of the traders of this rally biggest contributor to dow gains microsoft united health care and home depot every sector positive. consumer discretionary leading the charge consumer staples lag, up 1.2%. up next, davids rosenberg weighs in on the rally and whether or not it's a bear market bounce. later we talk ton an analyst bullish on chip stocks when "closing bell" comes right back. >>> the bond report ask brought to you by -- ♪ ♪ wow, we're crunching tons of polygons here! what's going on? where's regina? hi, i'm ladonna. i invest in invesco qqq, a fund that gives me access to the nasdaq-100 innovations, like real time cgi. okay... yeah... oh. don't worry i got it! become an agent of innovation with invesco qqq technology lets autonomous vacuums work continuously around the house, but when your team has to work seamlessly around the world... you need more than technology. you need cdw who can help transform your organization with built for performance lenovo thinkpads. pre-configured for management flexibility and equipped with the intel evo platform. responsive collabora

health care workers strike in u.s. history is coming to an end. kaiser reached a contract agreement with the national unitkers. no details have been released. employees will be back to work today. kumasi: the white house is preparing to unveil its plan today to lower gas prices. it is releasing another 15 million barrels of oil from the nation's stockpile. reggie: today marks 31 years since the oakland hills fire storm. 25 people died. it took days to get the fire under control. if you want to know more, we have a special streaming right now on the abc 7 bay area tv app. drew: get ready for a hot october afternoon. a gorgeous start. temperatures typically in the 70's this time of year. well into the 80's and 90's. 10 to 20 degrees above where we should be this time of year. 80 in the city today. 84, oakland. 92, santa rosa. fairfield coming at 94 degrees. jobina: we have a crash reported in walnut creek on southbound 680 around north main street. we have a significant backup in the area. speeds averaging around 14 miles per hour. all the bridges are busy, unless you can on the golden gate bridge. give you

it was one that was operated by united health care and they market in conjunction with aarp -- which outrage, in my view. but there is a problem because when you do that and you were older and you wait years after becoming eligible for medicare, it is harder and more expensive to get a supplement policy to help cover your out-of-pocket. so we did that knowing that. we had to pay a lot of money but at least she was able to get the care she needed at a quality facility where she got to rehab -- the rehab and skilled nursing that she needed was she would not have got has she stayed in the medicare advantage program. i'm confident my mom lived additional years because what we were able to do. amy: wendell potter, finally, what should congress do to prevent this kind of fraud? we are moving into the midterm elections. there's almost no discussion of medicare for all and at the corporate media. i don't know if it is because every five or six minutes they break for commercial for some drug company for some new illness that has been defined, but what has to happen right now? >> there are som

. >>> "the last minute" of "60 minutes" is sponsored by united health care.>>> 11 years ago, our late colleague bob simon described st. louis cardinals first baseman albert pujols as, one of the greatest baseball players who ever lived. well, this season at 41 after years playing on the west coast, pujols came home to the cardinals for his final season. he smashed his 700th home run, then numbers 701, 702, and 703 joining barry bonds, hank aaron, and babe ruth in that elite circle. an 11-time all-star, legendary for his work ethic and admired for his charities, albert pujols was, amazingly, chosen 402nd in the 1999 baseball draft. >> what drives albert? he says he's still seething about how he was snubbed in that '99 draft. >> you'll never get over it, huh? >> never, never. >> people have told me that it's really a bad idea to get you angry. you don't want to do that. >> i'm anderson cooper, we'll be back next week with another edition of "60 minutes." mom couldn't decide. but thanks to theright e from unitedhealthcare she got a medicare plan expert to help g

it's as orderly as something like united health care. i'm with him on that lng, stay long, be long. >> carter, great to see you. thank you. >>> carter worth of worth charting coming up, peloton announcing another round of layoffs, but the ceo says that restructuring is done and now they're focused on growth. will the company be able to make the pivot now that its market cap is lower than its annual revenue? "the exchange" is back right after this >> announcer: and now, cnbc trend tracker. lily! welcome to our third bark-ery. oh, i can tell business is going through the “woof”. but seriously we need a reliable way to help keep everyone connected from wherever we go. well at at&t we'll help you find the right wireless plan for you. so, you can stay connected to all your drivers and stores on america's most reliable 5g network. that sounds just paw-fect. terrier-iffic i labra-dore you round of a-paws at&t 5g is fast, reliable and secure for your business. zero-commission trades for online u.s. stocks and etfs. and a commitment to get you th

. >> unh, united health care we like it because we think its optum provider network is really pickinge cash flow generator. in this kind of market, unh works. >> a lot of people like unh and health care, joe, you included >> yes, i own it >> that's why i went to you. >> so you like the trade >> i sure do >> freeport mcmoran. freeport mcmoran, i bought it a couple of weeks ago. it's enduring an environment where significant supply challenges for copper are being overwhelmed by the price pressures for the spot price of copper cheap on an evaluation basis great play for a peak in the u.s. dollar. >> jason snipe, what have you got? >> service corp. international super defensive name should respond regardless of the macro backdrop 5% yield really done well and outperformed over the last five years. i like it here >> we've got 30 seconds left what have you got? >> i'm going back to american express. longer term, this is a stock you want to own. it's being unfairly punished today. you want to own high quality company, very good franchise >> you like financials in general? you think we've got

. >>> the last minute of "60 minutes" is sponsored by united health care.edicare with more. >>> tonight an update on a story from last may. ballet and exile. that's when we met ballet artists both russian and ukrainian who fled the war to pursue their art overseas, some ukrainians out of necessity, some russians out of protest. >> i had to leave everything like my home, my theater, my reperatoire, my partners, sister, brother, everything. but i don't have regrets. >> no regrets? >> no. because at least i can be honest with myself. >> american philanthropist howard buffett, son of warren buffett, and once the focus of a "60 minutes" profile was watching. his foundation has granted more than a million dollars to help support the exiled ukrainian dancers. i'm jon wertheim. we'll be back next week with another edition of "60 minutes." ♪wow, uh-huh♪ advantage: me! can't wait 'til i turn 65! take advantage with an aarp medicare advantage plan... only from unitedhealthcare. take advantage with an aarp previously on east new york... my name is regina haywood. we, a

. >>> "the last minute" of "60 minutes" is sponsored by united health care.ericans dealt with a growing financial crisis triggered by soaring interest rates, energy costs and the war in ukraine, former federal reserve chairman ben bernanke, was named winner of the nobel prize in economics, a prize shared with two other american economists for their work in "how societies deal with financial crises." by 2009, bernanke was at the fed. and the professor with a specialty in the great depression, was in charge at the height of the great recession. chairman bernanke went about stabilizing the economy with low interest rates, bank bailouts and other aggressive remedies. >> the lesson of history is that you do not get a sustained economic recovery as long as the financial system is in crisis. >> i'm scott pelley. we'll be back next week with another edition of "60 minutes." e one in our family... 'til my sister signed up for united healthcare medicare advantage. ♪wow, uh-huh♪ now she's got a whole team to help her get the most out of her plan. ♪wow, uh-huh♪ with cove

but you have 6 figure donations from companies like google, united health care, chevron, many othersthese large checks and it's going straight to campaigns like kari lake. and she may very well be the next governor of arizona. it's a close race there. but certainly the $11 million from the republican governors association, much of which was funded by corporate america, as not hurt her chances. >> brian and judd, don't go anywhere. we are not done talking about the puppeteers of politics. when we come back, big money. when business reporters start using words like gigantic and gargantuan to describe corporate profits, you know we're gonna talk about it, when the 11th hour continues. e 11th hour continues. onamel repair because it penetrates deep into the tooth to help actively repair acid-weakened enamel. i recommend pronamel repair to my patients. if you're loud, be louder. if you stand out, to he stand strong.pair acid-weakened enamel. and if you got the devil on your shoulder... take him for a ride. when moderate to severe ulcerative colitis persists... put it in check with rinvoq,

aflac, united health care, sigma, these are the people paying for the attack ads against me. you know why? because they know he will protect their gravy cheering -- gravy train. we need to bring health care costs down. if his medicare for all proposal makes it through to law with bernie sanders and john fetterman, seniors across the country will die because of medicare for all. >> a rebuttal? rep. cartwright: i make no secret of the fact that i like the idea of medicare for all, but it has to be done in a way that does not hurt existing enrollees benefits, does not hurt the providers, they have to be able to make a living, and does not hurt the hospital. we've got more work to do on that, in the meantime, i want coverage for as many people as possible. as far as who's paying for attack ads, my opponents attack ads are paid for by dark any super pac's and we are not even sure if it's american money. mr. bognet: i would like to say one more thing on that. look at the company he keeps, he votes with nancy pelosi and joe biden. i will call him 100%. nancy pelosi brings up medicare

mcdonald's, goldman sachs and united health care account for about 200 points of the dow's now 830-point>> wall of green, but a sea of optimism >> turn our attention to the dow transports they're higher today as well down sharply for the year, about 30% off their highs. fedex warning of weakening demand that stock tumbling, but forward air releasing a strong midquarter outlook and its stock has outperformed its rivals. stock up almost 10% this quarter. joining us is tom schmidt, chairman and ceo of forward air. >> good to be here >> the fedex ceo issued what i have to call a dire warning about the freight environment. you released your update and shows revenue growth up 16%, shipments per day up 6% some of your customers include home depot and transportation expe expediters >> we see the same thing everyone else is seeing. there's a softening in consumer demand all over the world, but certainly here in north america and the u.s. we do see the same things. having said that, frank, we are focusing on what we can control. and i learned a long time ago from one of my mentors, luck is when pr

there are plenty of them united health care is the biggest drag you've got names like 3m, ibm, walgreen's, coca-cola, and verizon. coming up on the show this hour, we will talk to david rubenstein, the cofounder of washington-based private equity firm carlyle group for a look at how market volatility and macro risks are impacting his business. >>> we'll get a read on the strength of the consumer and the impact of food inflation when we are joined by the ceo of snack power house mondelez let's get straight to the market today's dashboard, mike santoli is at the notwithstaew york sto exchange for us. >> a little bit of a test of nerves leading into tomorrow's jobs reports of course we've had the usual chorus of fed speak, very resolute, very hawkist, but also very consistent message. i don't think there's anything too new than what we've been hearing from the fed except for status quo, which is they're not going to anticipate a turn for the better in inflation. they've got to wait to see, including tomorrow's employment number the market is still in the s&p 500 holding a little bit above ye

>> the largest stock in the s&p 500, united healthcare, managed health care. >> the guy asking the questionsaid forever, which implies. google has not been around that long. you don't want things that could go out of business. >> the next tweet says, with the continued strength of the dollar, how about an update on gold? >> it had a bad week. gdx is up 7.5% this week. i like gold. >> the next view was when do i about cash put? >> this is one of those situations where you're looking at a name the price has been significantly depressed and the volatility is higher. so both of those things set up nicely, but the chart does not look so good. but that is not the right person to ask about that. there is another person on the panel is. >> raise your hand. >> carter >> i'm with mike. >> up next, we have the final call. thanks to avalara we can calculate sales tax on almost anything, anywhere, automatically. avalarahhhhh. what if tax rates change? ahhhhhh. filing sales tax returns? ahhhhhh. managing exemption certificates? ahhhhhh. business license guidance? ahhhhhh. does it connect with accounting?

health care? i just don't understand why you can't give an answer. you said it's a state-level because you want to go to the federal level. host: thank you. let's continue health care. united states is the how wealthiest entry and spend more on health care than any other country. it is the unhealthiest because of the high obesity rate, heart disease, and diabetes. what public policies should the federal government used to address? rep. luria: i'm glad you brought that up because i recall four years ago when i stood here for a chamber debate it was across the street and we did four years ago we talked about how to get the cost of health care down and i'm very proud about my second term in congress that we passed the legislation that president biden has signed into law. legislation that will cut prescription drug costs for seniors. for medicare to be able to negotiate drug costs to have out-of-pocket cap and to keep the cost of insulin to $35 for seniors on medicare. i'm pretty sure that would be pretty popular with the geriatric patients she cares for but she said she said she would vote against it. host: two minutes. ms. kiggans: i ran for congress to restrict -- restore s

problem with the health system is that you have to make a lot of choices and not just think about what to spend money on, for example, in the united states of america, the health care system is such that if you have a lot of money, you will have the best medical care in the world service, but for one person, america spends twice as much as , for example, in europe, the worst statistics, the death rate, the birth rate in the world, and this is exactly the problem lies in the distribution, because american society is very, very, very different, very much poor people in america and a poor health care system, so there is no simple answer to your question, but at the same time, you need to make a rational choice, that is, how to use the money you have for the health care system, and we would now approach a very difficult question which consists of what concerns private e-e clinics and public ones, and i can talk about this problem endlessly, but the problem with private clinics is that the patient becomes a means of obtaining income and at the same time, in america, in such social clinics as we also we have the gospels, and the end is that the patient must be cured. wel

health care? i just don't understand why you can't give an answer. you said it's a state-level because you want to go to the federal level. host: thank you. let's continue health care. united states is the how wealthiest entry and spend more on health care than any other country. it is the unhealthiest because of the high obesity rate, heart disease, and diabetes. what public policies should the federal government used to address? rep. luria: i'm glad you brought that up because i recall four years ago when i stood here for a chamber debate it was across the street and we did four years ago we talked about how to get the cost of health care down and i'm very proud about my second term in congress that we passed the legislation that president biden has signed into law. legislation that will cut prescription drug costs for seniors. for medicare to be able to negotiate drug costs to have out-of-pocket cap and to keep the cost of insulin to $35 for seniors on medicare. i'm pretty sure that would be pretty popular with the geriatric patients she cares for but she said she said she would vote against it. host: two minutes. ms. kiggans: i ran for congress to restrict -- restore s

you know, i believe in health care so much, i've gotten arrested so much fighting for health care. i got arrested in the governor's office. i got arrested in the unitedtates capitol in the rotunda fighting for health care. now i pass through that rotunda nowadays on my way to my office writing medicaid legislation. >> reporter: many travel by golf cart, much of the city accessible by cart. it's in fayette county. that's a county that's become increasingly competitive in recent years. democrats at that rally with warnock feel confident they can flip that county blue. boris, amara? >> thanks to eva mckend for that report. >>> still ahead, a demand for documents and an order to testify. the january 6th committee hitting former president trump with a formal subpoena. the question, of course, will he comply, and what does it mean for his other looming legal troubles. >>> plus, the epa launches a federal civil rights investigation into the jackson, mississippi, water crisis. was racial discrimination used against black residents when it came to treatments? we'll tell you what the agency is looking at and how long the probe could take. >>> plus, latino vote

we are hosting this conference to bring together local businesses and health care providers, to unite a vision put forward in this strategy to jump start this effort today, the white house announced bold commitments from the nation's businesses philanthropic and nonprofit sectors and it'll take these groups and many others to end hunger and improve nutrition. to compliment the bold school meals proposal i just described, the national nonprofit food corp. well mobilize $250 million to impact 500,000 students per year over the next eight years and access to free and nourishing school meals and expand hands on nutrition education in schools through their nourishing futures initiative. meyer, the midwest super chain store will receive usda approval for eight and sent if program for snap customers to buy , healthy food and offering discounts to purchase quality foods, fruits, and vegetables. this is personal to each of us. it touches all of us. as we embark on this conference, i want all of us to take a moment to recognize the significance of what we are about to do. something like this ha

believe in health care so much, i've gotten arrested a couple of times fighting for health care. [ applause ] >> good trouble. >> i got arrested in the governor's arrested. i got arrested in the united states capitol, in the rotunda, fighting for health care. now, i pass through that rotunda nowadays on the way to my office where i right the medicaid legislation. >> peach tree city where many of the residents travel by golf cart. it's in fayette county, increasingly competitive in recent years. democrats here feel pretty good about their chances. they believe they can flip this county blue. e eva mckend, peach tree, georgia. >>> u.s. senator lindsey graham has asked the supreme court to block a subpoena from a georgia special grand jury which is investigating efforts to overturn the 2020 presidential election. the republican lawmaker filed the request after an appellate court ruled that the grand jury could seek testimony from him, and that his efforts to exhort georgia election officials are not constitutionally protected as he has claimed. >>> hundreds of demonstrators took to the streets in southwestern iran on friday. many of them chanting "death to the dictator" outside a polic

and so that's led to a lot of confusion for doctors and nurses as they practice health care in the united states. and the fear for many women is that more states will follow suit. and so, as a result, this is an issue that democratic voters and really believe is something that they must go to the polls to make sure that these protections can be put in place. that they can, will elect of politicians who will put in place and codified not only at the federal level, but at the state level, the protections that they took for granted for a half century. so as the president talked about in his speech earlier today, here in washington dc, this is a consequential election not only because of the issue of abortion, but the fear for many of the democratic supporters is that the supreme court could potentially, if this has been undone, could also rollback other protections when it comes to gay rights o and many of the other protections that americans have taken for granted for decades. roy kimberly, and put the supposed to put it into context for us because of course it remains actually divisive iss

workers at sfo have approved a new union contract that includes a raise and free family health care about 1000 members of unite here local to approve the deal today. by a vote of 99.5. the agreement follows a three day strike last week that shut down most of the airports, bars, restaurants, cafes and lounges. the contract includes a $5 per hour raise family health insurance with no premiums and a one time $1500 bonus family of two teenage brothers who were shot to death at a house party in oakland plan to ensure the boys lives tomorrow evening with a candlelight vigil. boys were killed last night when gunfire erupted at a house party full of teenagers. ktvu zach sauce as the story. it's a horrible feeling, arriving home late saturday evening to this police blocking off access to her oakland street, learning that two teenage brothers had been shot and killed on her block. it's very concerning knowing specifically that it was miners . that's horrible. i feel for the families and the friends. police say it happened this home on apgar street near macarthur boulevard. neighbors say they heard shots are up just afte

health of women and infants. and a look at the care crisis affecting children. what's behind the increasing closures of pediatric units around the country. those stories and theays headlines on tonight's pbs news weekend. ♪ >> major funding for pbs news weekend has been provided by. >> consumer cellular's goal is to provide wireless service to help people connect. to learn more, visit consumer cellular.tv. >> and with the ongoing support of these individuals and institutions. and friends of the newshour. this program was made possible by the corporation for public broadcasting. and viewers like you. >> good evening. it's with you. with the midterm elections just tonight we begin in georgia were democratic senator raphael warnock and republican herschel walker met in their first and likely only debate last night. the candidates clashed on abortion amid allegations that walker who opposes abortion paid for a woman to have one years ago. walker denied the accusations. early voting in georgia begins on monday and we will have a more in-depth look at the georgia midterm leases -- races later in the program. a coal mine exp

host: let's continue in health care. the united states spends at least 40% more per person than any other country. this question begins with congressman gloria. --luria. what public policy should the federal government adopt in order to address our unhealthy behaviors that ultimately drive our health care costs? rep. luria: i am glad you brought up the high cost of health care. i remember a few years ago -- four years ago, we talked about, what can we do to get the cost of health care down? i am really proud, in my second term in congress, we have passed legislation that i was talking about there, that president biden signed into law. legislation that will cut prescription drug costs for seniors. for medicare to be able to negotiate prescription drug costs for seniors, to have an out-of-pocket cap for seniors, and to keep the cost of insulin to $35 for seniors on medicare. i am pretty sure that will be popular with the geriatric patriots -- patients. mrs. kiggins cares for. but, she said she would vote against it. sen. kiggins: i r

. >> we're very busy here at texas children's, the largest pediatric health care system in the unitedlitan areas in the country. we're very busy. we have a census now with more than 40 children in the hospital with rsv infection. we have seen a steady rise during september and october and this is the second wave of rsv in 2022. it is totally out of season. it is not been predictable and that is part of the challenge. chiefly rsv effects infants and toddlers. we've seen more well over 150 cases per week recently and a hospitalization rate for children that is exceeding now 50%. and so, that is notable. rsv is serious business. and we're here in the business of protecting children, they're airways and just giving them a chance to breathe easily. and that is the challenge now with rsv and with influenza a. as well. >> it is the combination that is why it is so striking right now. what do you think parents and caregivers should know as we don't know when this is going to peak? >> well, that is true. rsv has continued to climb. we are not sure if we're even close to the peak or at the peak

health care. there is a plan out there every year to have social security and medicare for seniors come to about on the united states congress floor. so whether or not we keep it or not, by the way, social security, the president says, you pay social security, not him, the american people go to work every day who vote to get rid of that, attacks on health care for working families attacks on unions, extreme attacks on democracy itself. i have to ask why do people even seek office in the united states of america and one to represent their community and congress or anywhere for that matter if your only idea is to her, demonize, and divide america. why do you get involved in politics if that is your plan, because that doesn't work. we'd seen it for too long in the country, the last 20 years in this country, and i know why i was in the public at service and why everything is going into public service and i know all the people that are in this room today that got elected went into service and i know why tom vilsack went into service. they want in the service not to hurt people, but they wanted to help people, to g

that way, we can start to grow our labor force and reduce the cost of health care here across the united states. sen. bennet: we just passed a bill that i helped lead and write that caps prescription drugs for seniors at $2000. it requires medicare for the first time, to negotiate drug prices on behalf of people, it caps the price of insulin at $35 a month. we overcame the pharmaceutical industry to do this. finally. joe o'dea said that he if he had been in washington, he would have voted against. there was nothing to like about that bill. we just did the most important thing to cap costs, joe said he would have voted against it. second, we need to pass my public option so that everyone in america, especially rural america, has the chance to buy a public option administered by medicare if they don't want their private insurance. i think that would be a very important step forward to creating universal coverage which would also reduce costs, because people would be getting primary care, not just going to the hospital, when they got sick. the final thing, we have to seek huge transparency

health care i like energy. specifically with regards to health care. ci cigna. we like for three reasons. it is trading at a meaningful discount it slides under united health.s room for growth in both margins in revenue and shareholder friendly they are returning capital to shareholders $7 billion in buybacks this year they are increasing dividends. 12% year over year dividend growth up 30% and there is room to run there. >> also hitting an all-time high in general, the health care sector is where investors are going to for safety. universal health with the highest daily move earlier this week on wednesday since the start of the pandemic. shares of that stock up 25% week to date already. in general, do you think that's one of the safer places to go health care and health care sector if so, there are different segments we have telehealth and hospital operators and different parts of health care? >> i think you need to be selective about the companies you are buying you need to look at those with strong balance sheets and cash flow and dividend pushing the volatility we had the same conversation about energy two months ago and look where energy is today you n

. >> this is just a handful of stocks if you're not careful this could be caterpillar or united healthpharma stocks and a couple of energy stocks like chevron which some of these are trends going to continue. health care and big pharma is defensive. so i kind of like this one for the dow. i don't think it has to end overnight. >> from a technical standpoint, i don't mean to step on carter's toes, he's the chart master. if you look at dow, if you look at down trend that has been it is about ready to get to the line so that could be a moment of truth for broader equities in general if the dow were to get through the down trend in place since the first week of june we also talk about small caps which i think have some similar characteristics with some of the rains that have worked well and the dow. they never made a new low. >> you mean like domestically oriented. >> yes and they never made a new low and they have a nice bounce before the s&p and the nasdaq did. >>> and other area, small caps our next guest said they are the place to be. let's bring in nancy priel nancy, good to see you a

hhs says it will give the public and the health care providers 60 days notice before lifting the public health emergency. and united airlines says the demand for air travel is increasing. united reported strong third-quarter results. it expects future air travel demand to increase and american airlines out this morning echoing what united basically saying that looks like especially a strong holiday season live from the nasdaq market site. i'm jane king back to strong, an expensive holiday season for air. it sure chickasha. >> jane you got stay in new york. i got news for you in light right? we'll see it's 7.19, right now in the east bay, oakland, mayor libby schaff delivered a final state of the city address before her second term expires. >> the mayor of like it on efforts to help with homelessness and highlighted programs that convert existing unregulated housing to protected affordable housing and she also address many aspects of the city's crime cost of living and gun violence. >> we have seen the part of the pandemic on mental health. an increased sense of lawlessness. the proliferation of guns on our streets.

done, and stressed that the prices of health care, prescription drugs and energy will rise significantly. who else will be blamed for the internal problems of the uniteds, one can only guess, scrolling through the globe, let me remind you, on october 5 , the countries of custody. plus, they agreed to reduce oil production by 2 million aryas per day since november, the us secretary of state, in turn , said that the states are considering various options for retaliatory steps. frozen severely starving in europe, a split occurs. after all , it is difficult to adhere to the unified position of countries on the issue of sanctions against russia , estonian prime minister kaya recognized, kallas noted that the eu states are tired of the conflict in ukraine and also of the strengthening of internal political problems, and therefore they have no desire to introduce new anti-russian restrictions, it becomes more and more difficult and enter new sanctions. there are not many authorities left on which we can impose them; this creates a problem, the prime minister concluded. european hospitality turned into a tragedy for ukrainians in latvia, unknown people set fi

health care system has all the collapse. i mean, these are the bathrooms that, that people in refugee camps use. there is no united or coordinated response between the different ministries. and this is what doctors are saying if you do not contain it. now there's still a possibility. this is not just going to spread throughout lebanon, it could spread throughout the region where millions of people are going to be affected, both lebanon and syria. the water infrastructure has been badly damaged here because of years of neglect, decades of corruption list management in syria because of the war. more than 2 thirds of the water treatment plants in syria have been damaged. so this is a serious crisis. if the international community, as well as local organizations, do not come together to find some sorts of a coordinated response to contain it. so it doesn't spread further for further away from lebanon and syria. thank you for that xena hard to reporting their life from the a car refugee camp in northern lebanon in an edge area. more than 2 and a half 1000000 people are affected by some of the worse flooding. the countr