Minutes. Got to talk to peltz, jim, about Procter Gamble yeah. Big tory. David and i have been spending time on it. Mr. Peltz had came on here and then mr. Taylor, the ceo of procter came on mad money with a series of what i say are just outright charges that vehemently disagree in what was once i thought going to be a more gentlemanly discussion with what mr. Peltz is saying and what mr. Peltz has done. Would you agree with that . Yeah. I dont think its interesting. The battle has been joined here. Both sides had hoped to keep it civil. Its not clear to me thats case civil like a civil war. Thats fine with us why do we come back to it . P g is one of the most Important Companies in the country this is the first time weve seen a proxy fight even for one board seat in a company this large. Did depends on who you talk to if its a company that needs fixing, and not something capable of the Current Management Team regardless because of all the different layers, the bureaucracy, the units w
Youll understand why were playing that music in just a minute welcome to power lunch. Im michelle carusocabrera. Stocks carving out small gains the dow hitting yet another record high. Lets take a look at the benchmark tenyear note. The yields there hitting their highest levels since mid august. Right now the 10year yield at 2. 24 . Some of the stock movers, sprint and tmobile, both soaring our david faber reporting the two were in active talks about a merger again going the other way, however, best buy shares are tanking about 9 . The retailers outlook falling short of expectations. Were going to head live to the investor meeting in just minutes from now heres some other news happening at this hour cnbc confirming reports that the senate gop is looking at a tax cut that would total between 1 and 2 trillion. And are cereal and sausage the investing breakfast of champions . The company post hopes so because its buying food maker bob evans for 1. 5 billion and its prime time for kohls in
Said it may stop offering coverage to individuals on the public exchanges as losses from those plans mount. The company also cut its earnings forecast for the year, which sent shares 5 lower, making it the worstperforming dow stock in todays session. But todays announcement comes in sharp contrast to more optimistic projections made about its Exchange Business just last month. So Bertha Coombs takes a look at the reasons behind United Healths announcement and what it could mean for the insurance exchanges. Reporter this is United Healthcares first year offering plans on the public aca exchanges thats seen costs and losses mount. The insurance giant says it will still offer plans for 2016 but may get out of the Exchange Business altogether after that. The Overall Exchange Market Profile is more negative than we had planned. With new market enrollment growth that will be more slowly. These indicators point to an environment that is declining and likely to continue in that direction into
Said it may stop offering coverage to individuals on the public exchanges as losses from those plans mount. The company also cut its earnings forecast for the year, which sent shares 5 lower, making it the worstperforming dow stock in todays session. But todays announcement comes in sharp contrast to more optimistic projections made about its Exchange Business just last month. So Bertha Coombs takes a look at the reasons behind United Healths announcement and what it could mean for the insurance exchanges. Reporter this is United Healthcares first year offering plans on the public aca exchanges thats seen costs and losses mount. The insurance giant says it will still offer plans for 2016 but may get out of the Exchange Business altogether after that. The Overall Exchange Market Profile is more negative than we had planned. With new market enrollment growth that will be more slowly. These indicators point to an environment that is declining and likely to continue in that direction into
Said it may stop offering coverage to individuals on the public exchanges as losses from those plans mount. The company also cut its earnings forecast for the year, which sent shares 5 lower, making it the worstperforming dow stock in todays session. But todays announcement comes in sharp contrast to more optimistic projections made about its Exchange Business just last month. So Bertha Coombs takes a look at the reasons behind United Healths announcement and what it could mean for the insurance exchanges. Reporter this is United Healthcares first year offering plans on the public aca exchanges thats seen costs and losses mount. The insurance giant says it will still offer plans for 2016 but may get out of the Exchange Business altogether after that. The Overall Exchange Market Profile is more negative than we had planned. With new market enrollment growth that will be more slowly. These indicators point to an environment that is declining and likely to continue in that direction into