The express scripts and many insurers and employers and the plan to put cancerfighting medicines in the pay for performance category. Shares are up 27 over the past year. Here to explain how this would work and the impact it will have on doctors, patients and maybe the stock. As you mentioned it sometimes referred to as pay for performance. The medicine should be reimbursed based on how well they work. I spoke about the plan and it has two parts. How well drugs have shown to work in different cancers. Steve miller cites a drug as an example approved for lung cancer and pancreatic cancer. It is proven to extend lives by months for lung cancer and only by a couple of weeks for pancreatic pancreatic. The new plan would reimburse more for the first. The second part looks at how well they work for individual patients. They require more testing up front and monitoring patients as they receive treatment. They said they have been listed and cancer drugs. Steven pearson for the clinical and economic review. Millions of people have signed on. They have been the focus for attention where they can be priced at more than 10,000 a month for patients. Back over to you. What particular companies do you think might be affected by this . Outside of what you are reporting on. Of course they could be one if they have this unique way of going after these prices. Of course in cancer we are targeting the same underlying causes of cancer. Its also cited drugs from merck and bristolmyers. They could be 1 and any Company Working in cancer drugs could be affected by this. A good developing story. A news alert, fiveyear notes are up for action. Tracking the action at the cme. Yesterdays twoyear note auction. You gave it a c plus. Whats the great today . A b minus and we moved up about a half grade. B minus is the way it sits. 35 billion. Fiveyear notes. That was the issue market in terms of pricing on how far back they had to go in this action. Thats a little light from 2. 58 average. 58. 5 and we give it a b minus and tomorrow will be seven years, 29 billion and the longer maturity will be the better of the strategy of investors and auction giving us clues on the day to day trade. Bring up the board and see whats going on the benchmark. Late yesterday, today we are sitting at it and we have got that today. We can show you. Anyway, here it comes. The 10year at 2. 15. Checking whats happening on the stock market. The dow and the s p are moving higher. Rebound going higher although not quite perhaps getting back all of what we lost yesterday. The dow is up by 108 points. We will keep on watching those for you. You have for example Toll Brothers and luxury home builder moving to the downside and earnings were in line with expectations and revenue fell a bit short. Work day is down more than 10 and a weak forecast for future billings with that stock. It makes Human Resources and Palo Alto Networks and the report reporting earnings after the bell. We had a problem with the boards right now. If you are listening on the radio, it makes no difference. You cant see it. You took us through it easily. Thieves able to hack in and get information including tax returns. More than 100,000 taxpayers live in washington. Tell us wa we know about who may have done this and whether the leak has been plugged or not. The irs is blaming cyber thieves saying it was likely criminal gangs that got into the website as posing with taxpayers. What is fascinating is they say these thieves already had a tremendous amount of information about the taxpayers before they came to the irss website. They said one of the screens here for example in asking questions to prove you are who you say you are was what was your High School Team mascot . The thieves knew that from scouring social media, facebook and the like according to the irs. What we are seeing is accumulation of the hacks in the past. All the data that has been stolen from the websites around the world. Accessible on the black market who are then using it to get into other things. About 100,000 taxpayers impacted and they tried to get into the accounts and the irs said it will notify all of those people and provide credit monitoring for the people who have been affected. Soccer scandal as swiss authorities arrested several from fifa. The plan is to have them face major corruption charges. They are accused of wide spread corruption over 20 years, including taking bribes for awarding the hosting rights and marking and broadcast deals to world cup and other Major International soccer events. They outlined the charges. Our investigation revealed what should have been an expression of International Sportsmanship was used as a vehicle was lined with bribes totalling 110 million. Nearly a 30 of the legitimate costs of the rights to the tournaments involved. Now switzerland opened their own bribery investigation into the awarding of the 2018 and 2022 world cups. The historic flooding in texas is at the worst. Houston at the stand stillment almost a foot of rain fell in a few hours. 19 have been kill and 14 more still missing. We are learning about a bug that can shut down your phone. The head of cbs is about to join us here on the show. That stock is up about 11 this year and there big changes coming to the industry. We will get his take on how they will handle it. Thats coming up next. Ts about seaworld wed like you to know. We dont collect killer whales from the wild. And havent for 35 years. With the hightest standard of animal care in the world, our whales are healthy. Theyre thriving. I wouldnt work here if they werent. And Government Research shows they live just as long as whales in the wild. Caring for these whales, we have a great responsibility to get that right. And we take it very seriously. Because we love them. And we know you love them too. With xfinity from comcast you can manage your account anytime, anywhere on any device. Just sign into my account to pay bills manage Service Appointments and find answers to your questions. You can even check your connection status on your phone. Now its easier than ever to manage your account. Get started at xfinity. Com myaccount welcome back to power lunch. Amazon hiring more than 6,000 workers at the 15 fulfillment centers. That stock is up about 1 . Novartis on a ro mottic pill that is swallowed through the drugs directly into your intestinal walls. That stock is up about 14 in a year and up just today. Hormel foods buying Applegate Farms for 775 million. The largest for the company. Trying to get more into organic and healthy foods. They are up 3. 5 . Taking place in california. Julia . Thanks so much tyler. Ceo of cvs, thank you for joining us. You mentioned you have been meeting with eddie q and will be participating in an Apple Service to launch this. Its an early discussion, but apple tv is talking to many of the broadcasters and Cable Companies that are making after offering and when apple calls, you always listen. Everything they have done has been interesting. What will your role look like . What will app ep tv look like and how will they compete with the rest of your offerings. We are in an era where the bundles are changing. Sling offered a Different Service. They offered a Different Service that may not carry 200. Apple is talking about something similar in that it will be less than that lower price and a different offering that is digital. It is online and we think in that universe we will do better in a 15 to 17channel universe. They will pay you more than traditional . That sounds good for css. Like verizon is offering and they have been upset about. Suing verizon about it. You havent come out against them. Once again, and espn is suing verizon for putting them not on the right tier. In the smaller offering cvs has been. Conversations that we had with verizon would give us more money. We are not objecting to it. You are also going outside the bundle with them and working on a show time direct to consumer service. What can you tell us about both of those . A lot of people watch and get show time through traditional methods. Currently a little bit over 70 of the people are watching our shows in their time period. The rest online or dvrs. They offer them an opportunity to get Live Streaming cvs and catch up episodes. We have an over the top new service. Show time will be offering an over the top service. Similar to what hbo did. You can go through and get show time without having to buy a lot of other things. The launch was good and they did it in a dramatic way. From what i have been able to get they have done well and offering their service. They have a lot of subscribers with it. They launched it together which is the number one drama over there. That was very smart. Show time is terrific and its a new way to make money. Tyler . I want to talk about the transaction from timewarner and charter yesterday and specifically about the sums of money that the ceo of timewarner cable stands to make from selling his company. Something like 97 million if he leaves the company over the next couple of years. That seems like a lot of money to sell a franchise. I want to ask you how you feel about that and you had a wonderful run, cvs had a wonderful run. You are handsomely compensated on the order of 57 million last year. Making 157 million last year. I would like to get your insights on how you feel about a ceo profiting as greatly as mr. Marcus stands to from selling his company. Second and more broadly about where executive pay stands in the industry. I dont think its appropriate for me to talk about rob marcuss compensation on this deal. Everybodys contract is different. Different things are used to entice the ceo including the change of control and if he is successful in selling the company. Once again in terms of my compensation, a lot of it is based on how well the company has done. In terms of the charter deal everybody was looking at the timewarner comcast deal and seeing what would happen there and once that fell apart, i think nobody was surprised that charter stepped in and made the offer and made the deal they did quickly. If you remember they actually made an offer before comcast came in and i think they will have less regulatory challenges that comcast did for a number of reasons. I dont think anybody was surprised that the charter deal happened and once again john malone has proven that he is the smartest man in cable. Without the consolidation and the distribution do you think we need to see consolidation and any plan for them . People have asked that and they said at t directioned it together and timewarner cable is getting together with somebody. Do you need to consolidate to have more power against them . I dont feel we do. They are strong and we have great assets on ourselves and i dont think there is anything we need to do or frankly any of the other Major Media Companies need to deal with the companies. Tyler . A question about the comments you made inside the code conference. You dont have any interest in buying cvs. Once he is no longer involved in it, why would you say that . They have done so much to build. Cvs is a public company. I dont have the resources. Im well compensated. Cvs is a great company. I love the company and im happy where we are in the utmost respect. There will be plenty of financeurs would love to see you do exactly that. You can get the money. Well thank you. At the moment we are proceeding to run the company and everything is going fine. Just a quick final question about periscope. Show time is one of the distributors. Periscope enabled a lot of piracy and ceo of twitter celebrated that. He is the real winner of the fight. He celebrated and wrote me a letter. I was not happy with what happened with periscope. There was pirating of the signal. They dont live on the idea of stealing other peoples content and dick wrote me a note and we will get together and i think their idea is to share content, but not necessarily conat the present time that people had to pay for. You had a lot of sports deals and you dont do the soccer deals, but the fifa scandal. What do you think . I followed what i heard on the air. I found it interesting that it was the United States which has not been one of the Major Players in world cup soccer that it came out of the u. S. We have been hearing there was difficulties with fifa and how was being run and i guess some of them are coming to fruition. I wanted to ask as a followup to the fifa question, this man is back and would you be interested at all in bidding for the broadcast rights for fifa . We have the nfl and the basketball tournament. We have sec football. They are more interested this soccer than we are. Thats a definite no . Well thats a probable no. I never say definitely no to anything. Do you think the news would make you rethink any thinking you may have had about bidding for the broadcast rights . Mandy, truth be told i have no idea what the rights sell for. I know they are quite expensive. But im happy with the covers on that. Years ago. 94 do i think we would. Thank you so much. Thank you. Mandy, back over to you. Thank you. Legendary investor bill gross is out with the new outlook. He will be joining us live on power lunch and ask him how his short of a lifetime is working out. Welcome back to power lunch. Jumping almost 7 after Morgan Stanley upgraded two notches to an overweight rating. Analysts say the sharp decline created a buying opportunity about the future of the wire line telephone business model. Despite the upgrade, the price was cut to 6 a share from a prior 7. Thank you very much. If you got whiplash and today we were down and tomorrow back up. The s p and the nasdaq are moving to 8 10 of 1 . Best performing sectors yesterday. Energy has been one of the biggest laggards however. We will keep on watching and the leadership board and the lager board changes. Over to you. We are learning this hour of a new threat to your phone. It is a text message that can shut you down. Shut off your phone in an instant. This is picking up a lot of steam online. That is next. A tale of two luxury retailers today. Tiffany way up. Michael kors way down. We will tell you what went right and wrong. Wait until you hear how many bee this is guy is covered with. That makes me ill. When power lunch continues. At chase, we celebrate Small Businesses every day through programs like mission main street grants. Last years grant recipients are achieving amazing things. Carving a name for myself and creating local jobs. Creating more programs for these little bookworms. Bringing a taste of louisiana to the world. At chase, were proud to support our grant recipients and Small Businesses like yours. So you can take the next big step. Over 20 million kids everyday in our country lack access to healthy food. For the first time American Kids are slated to live a shorter life span than their parents. Its a problem that we can turn around and change. Revolution foods is a company we started to provide access to healthy affordable, kidinspired chefcrafted food. We looked at what are the aspects of food that will help set up kids for success . Making sure foods are made with high Quality Ingredients and prepared fresh everyday. Our collaboration with citi has helped us really accelerate the expansion of our business in terms of how many communities we can serve. Working with citi has also helped to fuel our innovation process and the speed at which we can bring new products into the grocery stores. We are employing 1,000 people across 27 urban areas and today, serve over 1 million meals a week. Until every kid has built those lifelong eating habits, well keep working. With xfinity from comcast you can manage your account anytime, anywhere on any device. Just sign into my account to pay bills manage Service Appointments and find answers to your questions. You can even check your connection status on your phone. Now its easier than ever to manage your account. Get started at xfinity. Com myaccount hi everybody. Im sue herera. The vatican said last weeks historic referendum in ireland that legalizes samesex marriages defeat the humanity. He said he is deeply saddened by the results. Katherine catholic doctrine considers homosexuality a sin. 69yearold david kugel was sentenced to home detention and community service. Hundreds of thousands of subway riders victimized by a massive theft of copper cable from the a train in queens. The cable was presumably stolen to be sold as scrap. Delays will persist throughout the day. Its a mess. Indy 500 winner Juan Pablo Montoya ringing the opening bell this morning. It was the second indy win for the race driver who returned from the nascar circuit. His car was outside the New York Stock Exchange so everybody could take a look at it. Thats your cnbc news update at this hour. Take a look at it and im sure they were not allowed to try to ride it. It was inside the pen. Go rest that voice of yours. Lets look at gold prices that are closing to the downside at 1185. We dont seem to be making much headway today. Platinum and silver moving lower. Hi, rick. Hi tyler, we had a fiveyear note auction. If you look at the interday of five, we moved a little lower in yields. A little buying and nothing big. You see it more pronounced on the 10year chart and doing a sideways move today, hovering close to unchanged on the year at least for times for last year. The big chart has been a big chart for most of the year if you have been watching the exchanges and we broke out of that range of valor yen. Its flying close to 125. Should have closed at the stratus fearic levels. A dollar would close at the best levels since 2002. If you look at the 24hour chart, there has been head lifrs about greece. When it comes to ecb officials and talking about greece its a kitchen filled with cooks. Mandy, back to you. Too many cooks spoil the broth. Yesterdays lossy with a dow up more than 100 points. Down one day and up the next. Only up about 2 for the year so far. How do you make money . Joining jason lily with rocklin group. Next question, zackary. Its a sideways market. How do you make money in a sideways market . One of the more interesting things happening aside from the fact that the markets are not going nowhere fast is that active managers have been outperforming passive index vehicles for the firs