Right now the green is the controlling color. The dow approaching 2,000. The s p and nasdaq on track for record closes to end out what has been a very eventful week. Lets get to eamon now for more on what we expect as we await President Trump. Its been to put it mildly a busy day in washington the drama is swirling here in washington today the president will be talking in the roosevelt room in a couple of minutes about this initiative that you just mentioned which is keeping Held Health Care costs lower by allowing customers to see what the prices are. The administration is talk about forcing hospitals and Insurance Companies now to disclose what the prices are they negotiate among themselves those negotiations behind closed doors now and the administration has been making the case today this is a shadowy Pricing System and customers are entirely unaware of what things cost and they cant make real choices about what their health care ought to be and how much it ought to cost. Thats the reason we will see the president. We expect him to be surrounded by some supporters in a couple of minute. The drama in washington today has been all about the impeachment hearings up on capitol hill the president has been live tweeting the impeachment hearings offering ru buebuttalsd commentary on the ambassador of ukraine. Live tweeting that the ambassador responding. Roger stone found guilty of a number of charges this afternoon. The president tweeting his frustration about that as well in realtime today. The president has been confined to twitter now he will be national and Global Television and hell have the opportunity to way in on any of those topics that he wants to weigh in you can imagine the reporters who will be in the room are going to ask him about all of the above. Its also tweeted about the level of the stock market and theres plenty to cheer about there and the economic report card thats right. Thats been the president s argument this whole week and Social Security a sub textual argument the president making the argument the economy is terrific you dont want to impeach a president in the middle of this kind of economy because look at what im doing for the American People the problem with that argument is the bill clinton president. Bill clinton was impeached during a very good economy sometimes the economy and the impeachment process are on two entirely different planets well see if thats the case this year or whether that argument holds sway with republican senators who could be in position of receiving articles of impeachment from the house of representatives if thats where the house ends up thats still to be determined. Theres a lot these days. Seems like its going on on different planets. Yes. Welcome to both of you let me begin by asking you, im all in theory in favor of transparency i think its better than opaq opaqueness, i suppose. Let me ask how this would work im a patient and im considering cancer surgery my doctor, who i have chosen, practices out of Fairfax Hospital what am i to do with the transparency of what the data would provide me do i stick with me doctor or change and go to another doctor who says lets go to sibley hospital in washington where the prices are less. I do i use this information in a practical setting . The easy answer is its to be determined whey that proposed is mostly ly elective procedures. Postcancer surgery in theory could be elective. The goal is to make sure you dont wind up with surprise. Lets clarify, i think your example is really good one because most of medical care is not elective procedures. Most you would not choose a hospital for cancer surgery based upon price you would choose on quality of the surgery that might be divorced from price. Might be correlated with price you have no idea what you really want is the quality met. We have had some transparency. Theres been transparency on drug prices in new hamp shieshin some other efforts we know one circumstance in which it does work where the payer, an employer might say were paying you 20,000 for hip replacement. You can go to any one of these hospitals and well give you your price and you can get it. If youre going the a hospital charging 24,000, that extra 4,000 on you. You see the price come down not because patients are shopping but because hospitals reduce their price. The worry is hospitals wont reduce the price one hospital in the city across town and say hes getting more the transparency on price is one thing but if you divorce it from outcome, what are you really gained . I dont think theres anything in here that we expect to hear from the president or from this proposal that really ties the price number to the outcome number or the utcome measure i might pay the 24,000 at hospital a versus the other and get a better outcome at the happi cheaper price but i dont know that price without quality is hard to measure we know patients notion is the higher the price, the better thats the rest of the marketplace. This may backfire in the worst way. Theres no evidence its going to work. Theres no evidence that will work in the health care field. Let me finally say a hospital of the hospitals have said they will go to court it tells you not very afraid one reason they are not very afraid is the penalty for not revealing the information, 300 a day. Its in an industry that makes 1. 3 trillion. Ignoring this executive order will not be painful for most hospitals. Even when you go out to buy a refrigerator, you look at the rating in terms of the quality of the refrigerator and the price. And the price theyre together. Youre not just buying the cheapest fridge out there. And youre not having to go to two separate websites when you look at the intent of this rule one intent is to foster competition. Could that help some of these hospitals by bringing business to them . It could. Going back to what was said, we weve had transparency without a mechanism to control price and without quality, visibility, it probably wont succeed the way they hope it will skucceed i think hospital prices especially for private insurance are too high we need to do something about hospital prices. The real question is is transparency the answer . The evidence is it will answer that problem price controls are probably going to be at some day have to be put in on this issue because of the differential power. Transparency is a good thing but not a solution to the problem. It seems that investors dont believe this will make a dent in industry does that mean they dont think the rule will go into effect or the rule will be impotent. Its hard to know what the market thinks. The political returns have been diminishing. As we move into the election season, i think the market will start pricing in some of these things the verdict so far is pretty clear that investors arent as worried. Theres lots of pricing bills that are being put forth including a drug pricing bill. Is there one that worries you when it comes to some of these stocks not particularly. We look at a company by company basis. The real problems are at the outli outlier level. As we await the president there and he will be surrounded by medical professionals and others from the Insurance Business and the hospital world, et cetera, let me get your reaction to zekes interesting point which is what you might end up getting is hospital a and hospital b competing to bring prices down but a situation in which hospital b sees hospital a is getting 24 grand for the hip replacement, and say if they are getting 24 grand, why am i being dumb and settling for 20 i believe thats a possible outcome. The president has just walked in so shall we listen why not. The stock market is up big today. Set a new record i think its the 22nd time this year its over 100 times for the time we set over 100. I think its substantially more than 100 we get the exact number because i know you wouldnt want me to have that wrong. They dont like that were up over 100 times for the stock market that means jobs. That Means Companies are moving back into the United States that left we have many, many kmacompanies coming back. The employment numbers are at a record were very close we just got a number on africanamerican employment is the best its ever been. You can say employment or unemployment is the best numbers its ever been i feel a few months ago you were predicting a recession the consumer has never been stronger well make the consumer stronger with transparency because they will get much better pricing at hospitals. I think we can add this to the number. A little over two and a half years when they did final number was 5,000 and they add 2,000. Thank you, kevin youre behind me someplace 2,000 or 25000 2,000. Add something for the energy savings. You have 10,000 its 400 and 975. Thats for eight and eight for two and a half years its 10,000 thats not bad but the consumer is very powerful this is going to make them more powerful welcome. This afternoon we celebrate something im very proud of. Another major victory in our mission to deliver Great Health Care at a price that you can afford this will have a tremendous impact on prices a certain gentleman in the room will say a couple words said this is more important than health care. When he said that, my ears really perked up i listened and they were right they gave me plenty of examples. That person recently got the president ial medal of freedom. Its transparency. I signed, as you know an executive order. Historic were requiring Price Transparency and health care forcing companies to compete for your business. Its a very important thing that weve done here. I dont think it will be covered by you it will be in the years to come. Our goal was to give knowledge about the real price of service sos they can shop for the highest quality care at the lowest cost. This is about high quality care. Youre looking at comparisons between talents which is very important and youre also looking at costs in some cases you get the best doctor for the lowest case thats a good thing. Were finalizing the rule that will compel hospitals to publish prices publicly online for every one to see and compare. Youre able to go online and compare all the hospitals and the doctors and prices i assume get resumes on doctors and see who you like the good doctors, like assume these two guys are fantastic otherwise you wouldnt be here the bad doctors, i guess they have to go and hide. Maybe they dont do so well. Were more interested in the good ones. Its called rewarding talent were putting forward a proposed rule to require Health Insurance providers to disclose pricing snfgs information to consumers the freedom to choose that care is right before them on the internet and elsewhere but on the internet very open, very trarns parenspat this has been done on small basis on individual hospitals. You were telling me about that with your hospital id like you to talk about that just for a second. We had some problems but when you look at this, this is the biggest revolution ive seen in generations. As opposed to most revolution, this revolution saves lives. It doesnt cost lives. In this revolution, it saves money. You dont have to spend money. What youve seen here before is we have no transparency in medical. Its like the hermit kingdom of industries you dont know what the price is you dont know what the outcome is and you dont know what the inputs are what this does is this pulls away the veil and allows people to see exactly what they can and what they do and if i can say, i think this will lead to a phenomenal change in the u. S. Outcome of employment output production ill stop about here but the last one i can remember being involved with was laity thatcher when she privatized coal, steel and the railroads. This out do all those revolutions. It takes work to do it and practictioners to get it through. Id like to have larry say a few words and explain. Sure. This is a momentus day americans have been faced with higher and Higher Health care costs. Higher and higher obligation to pay for it the charges that have been put out are fictitious, nobody pays the prices it will be in patients hands they can make better trade offs and have more money in their wallets and paychecks to pay for all the goods and services they need to live their lives this is a very momentus day. I appreciate the efforts of the administration to follow through and execute this we did it max its a plus. It will kick in as of today but it will really start going during the course of the year, the following year this year coming youll see some results that will be incredible in terms of cost coming down and the quality of the care because youre picking people that youd want to be with this afternoon were grateful to be joined by secretary state m nurmnuchin. Its good time to be department of labor thank you very much. Good secretary azar thank you. Thank you alex. Were going to be doing a major middle income tax rut cut if we take back the house well be talking about that some time later well be doing a very major middle income tax cut. Mostly devoted to middle income who have really been big beneficiaries of the tax cut we did which was the largest in the history of our country but were doing a major tax cut for the middle income and that will be subject to taking over the house because democrats like tax increases, not tax cuts. I want to thank our state leaders. We have our state leaders at the highest level. I want to thank them for being here and a special thanks to economists dr. Art laugher we were talking about art and congratulating him because he did great job over a lot of years with Ronald Reagan he told me this little story about a hospital he was involved with every hospital had just incredible experience with it. I said tell me more. Then we got involved with larry and larry kudlow and we had a little group of four people that talked about it a lot. I think it will have a tremendous impact. This is bigger than health care. I think it will be i think it will be more meaningful in many ways. Youll save so much and get the care you want and choose the doctor you want which is not possible despite the many pleas. You can have your plan and your doctor they turned out to be untrue statements about obamacare for decades hospitals, Insurance Companies, lobbyists and special interests of hissen prices have hidden prices from consumers for example, researchers found for the same mri at the same hospital patients were charged anywhere from 248 to 2500 ten times more at the same hospital i assume that would be different doctors within the same hospital i dont know if the hospitals will like me much anymore. Thats okay. I think the doctors are going to in the boston area the price of delivering a baby with cost 4,700 to nearly 16,000. One survey found within a single metro area the highest negotiated price for simple blood test was roughly 40 times more than the lowest price they were given exactly the same service and some cases sent them to the same labs and would charge 40 times more money under the new price transparns si rule were finalizing today an it will be all fienldsized. It will be put out today all of that will change. Hospitals will soon be required to public the price of everything from individual medical supplies to the total cost of common procedures. Nec well bring much needed Price Transparency to Insurance Companies. This will allow you to see your out of pocket costs and other vital price information before you go in for treatment. You got to know whats its going to be and have lots of choices both in terms of doctors, hospital and price. Were stopping american patients from getting ripped off. Thai theyve been ripped off for years. For a lot of years with us today is melissa eural who works for a company that benefits Price Transparency. Could you come up and say a few words . Thank you. Im the Vice President of Human Resources for hb global. Were an Employee Owned mechanical owned employee contracting company. It aligns with our ownership model because it lows employees to get the care they need at the costs they want. Currently, we are partnering with a broker to work and negotiate prices for surgeries and other procedures at local Surgical Centers this allows our employees to know what the procedure or what the cost will look like when they walk through the door this also allows our employees to get great care at a fraction of the cost with the same quality and standard of care that they would have gotten and they wont receive any surprise bills. Right now we have some Price Transparency behind the scenes but with full Price Transparency up front our employees can make the best decisions possible. We wouldnt expect our employees to buy car or house without knowing the price up front why should their health care be any different . I want to thank the president for bringing this Important Initiative to the front. Thank you. [ applause ] thank you good job, melissa. Were also joined by kara buckle who works for the same company and benefitted when her employer shopped for the best price on a surgery that she needed and id like to have kara come up and tell us about its kara and i wo for hb global along with im the sole provider of my 2yearold son this impact was huge for his and my daytoday life when i initially went to an orthopedic urgent care i had no idea what i was going to pay, no idea of the costs. I just know i needed to get help i ended up with a bill for over 1,000 this was an unexpected expense that may family had to endure and it had a huge impact on us it was a huge stressor to know i needed surgery and not know what the cost was going to be and how it would impact my life. Thank fl thankfully my company was able to work with a Brokerage Firm and shop around to know what prices would be before hand. My company would have paid was 19,500. We wouldnt have known that cost until afterwars. By shopping around before hand we knew the claim would b 7,800e difference and it was at zero cost to me i was able to get the care at the same facility that i was going to go to if i would have used my insurance. I want to thank the president for making health care more transparent so others dont have to have these unexpected financial surprises and hardships. Thank you. [ applause ] thank you very much also with us is dr. Rick shultz at texas free market surgery doctor, id like you to come up and say a few words about what were doing and how were doing it thank you. Thank you very much this is a very exciting day. Id like to take a minute about stewardship. Id like to thank jesus for allowing me the opportunity and having me be a good steward to practice orthopedic medicine nor the last 20 years. Id also like to thank the president for his stewardship and the fact hes been elected he trusts americans to be courageous and make smart decisions with their own money and health care and he knows were smart enough to make good decisions now. This transparency will be the fuel for Health Care Innovation sooner than what were doing with texas free market surgery and management right now every day we take good care of patients at a very fair price. This is not something of the future this is something were doing today. Weve been listening to the president as well as some of the people around him in that crowd discuss the proposal for hospital transparency. While this has been going on its worth noting that the health care sector, the s p sector is going to session highs. Its up by 1. 7 . We saw that steadily climb throughout this press conference what do you make of whats going on with stocks response to what is going on in the white house in my judgment, its hard to know exactly but id say we have gotten some certainty. We know whats many the bill we can now reprice it looks like maybe the worth case didnt happen and this is a much better case than you might have thought coming in today insurers up 2 or more in those cases. You see right there. Some of the hospitals up very heavily here they are not afraid of what is being proposed here. No. Seems like whatever the case, worst case is out the window and now we have visibility it doesnt look like earnings impacts will be too big for this for anybody. Zeke e man yammanuel was make point that 300 fine per day for the hospital is a drop in the bucket its like finding change many the bucket its no big impact. If you really wanted to do that, youd have to put in a fee that had real teeth and obviously this doesnt thank you very much for being with us. Preer appreciate your insights well continue to monitor the president s announcement with respect to hospitals and insurers from the white house and if theres any additional news that seemswarranted to bring to you lta aui bak wel ke qckre well be right back. Not much, how about you . Are you answering my text in person . I am. Yeah. Lol. Come on in. This is tech that helps you be there. The nissan altima. Now offering the most techadvanced engine in its class. Welcome back House Speaker nan scy pelosi sas witness intimidation is a crime. She stopped short saying President Trump crossed this line attacking the former u. S. Ambassador to ukraine as she testified in the impeachment hearings she did respond when asked by a reporter if trumps tweet was appropriate. Appropriate and the president in the same sentence, come on. Why would we start that now. Cory booker registering for the New Hampshire primary. Booker signed the paper work and handed over the 1,000 filing fee. Pope francis speaking during a meeting with criminal lawyers at the vatican he spoke about a wide spread culture of hate which he said was targeting jews and homosexuals. Thats the news update back to you. The dow hitting new records approaching the 28,000 mark. Trade optimism is trade off. Bob is at the Stock Exchange s you hard the president talk about controls on hospital costs. I want to point out the health care etf historic high today. Those concerns about controls, controls on hospital prices and drug prices evadesing somewhat in the last several months new high on the health care. Big cap tech also new highs. Three in particular. Apple, google, microsoft 12 in the s p here. Right now 52 week highs. They dont talk about Insurance Companies but a little bit higher movers up on bond yields. This helps some of the Insurance Companies there also hitting 52 week highs these companies have had a horrible year. 20, 30 decline but all of them up nicely today. Bob, thank you. For more on todays record high and trade optimism, lets bring in pharr miller and a cnbc Senior Analyst michael ill start with you. Bob pointed out the high and the health care etf. Youve been on the board of a hospital for 15 years. What do you make of what is being proposed and why health care, stocks, the sector able to move higher depispite this i i think the transparency will be great the problem is many the billing system when you start out with huge payer like medicare that says were going to pay you 60 , 60 cents on the dollar because were your biggest customer then you set your prices 40, 50 higher than that somebody had to pay that higher price. Everybody paying some sort of percent oochbage of a discount i in Health Care Just doesnt work those who dont have insurance have to pay that highest price they dont get any kind of a discount this really skews the entire system and the accounting for a hospital is really skewed from the very beginning it really does need to be fixed. These hospitals arent making big margins. Most arent making money at all. Its the billing system and payer system that has to be fixed. The stocks are telling me whatever is being proposed will not have much of an impact at all. I think it will it takes them off the hot seat. Adding that clarity says this is what i am paying and i think they will probably keep that you are volumes. It takes the focus off of them a little bit im wondering what you make of us sitting comfortably at record highs. Volatility is low. What do you make of it all in. More of the same. A lot of liquidity from the federal reserve. Theres ample liquidity to g in g go into the yields its more of the same. Were subject to those headline win winds. High quality stuff is working well we have seen some rotation though small cap started out. Emerging starting to develop ever since rates bounced off the bottom been interesting and something to keep an eye ongoing forward michael, where are you on that argument of value versus growth right now tyler, i continue to think theres a lot of opportunity still in those value stocks. The problem is i love rons opinion on this. Weve seen this head fake back to value a number of times over the past three years and four years where you get the swim when the risk rate goes off and everybody kind of stays away from the faang stop for a while, you start buying the value im wondering if you think its real this time as an investor its more of those names with real Balance SheetsSolid Earnings i want to own while the market is making new highs. I just dont want the risk i think its all contingent upon the Global Economic outlook and improvement in the rate picture where the bond market if its not a head fake is telling us the worst of the economic slowdown is coming to an end if thats not the case then its a head fake and weerer vert back to the things that work for the first eight months of the year all right well leave it there have a great weekend to the bond market now rick is tracking all the action. You know, today, gdp now was downgraded from its november 8th 1. 0 to only a. 3 the reason i mention it is you look at the chart of the s p 500 overlayed with tenyear note yields, note how we diverged tenyear yields are moving down and we have quite a good showing for stocks not only on the day or the week but with history whats this divergence about it seems treasury are paying attention to some of the data points again and theres a lot of momentum in stocks. Look at the boon it was a down week and today was ultra flat with the lows of the week and finally the dollar index since october 1. We talk about textbook technical. It recouped almost half of what it lost in october and now its failing down on the day, down o week melissa, back to you apple is soaring this year up nearly 70 . Hat is tim cook getting right weave the details right after this quick break tom the American People can fix anything. The problem is corporations and the people who run and own them have purchased our democracy. Heres the difference between me and the other candidates. I dont think we can fix our democracy from the inside. I dont believe washington politicians and big corporations will let that happen. The only way we can make change happen is from the outside. For me, this comes down to whether you trust the politicians or the people. And if you say you trust the people, are you willing to stand up to the insiders and the big corporations, and give the people the tools they need to fix our democracy. A national referendum. Term limits. Eliminating corporate money in politics. Making it easy to vote. I trust the people. And as president , i will give you tools we need to fix our democracy. Im tom steyer, and i approve this message. Weveryone, looknk isntat your phones. The design thinking, the digital engineering, security, blockchain, and we will be first to market yes. When we do we launch . Unfortunately, in 2 or 3, hours. Why the delay . Cognizant is helping banks use Digital Technologies at scale to advance speed to market. Welcome back were at highs of the session as you see right there with the dow industrials punching ever closer to 28,000 there. A major moves up today by twothirds of a percent or thereabouts for the major market averages that move is led by unh which is up 4 . Pfizer up more than 2 those are dow stocks we have been remarking in the wake of the president s announcement from the white house o n transparency of pricin of hospitals and the president in the last couple of minutes announces he intends to allow states to purchase drugs from Foreign Countries where the drug prices may be lower and that will be part of their Medicaid Programs that falls short of the indexing which is drug preices of other countries. Still ahead, while every other tech ceo seems to be under fire either from the public or fire either from the public or lawmakers, tim cook hael. Add smooth oertrpter, what is h doing right . Tomorrow and Building Workforce development and tuitionfree College Programs to generate the talent companies need. With a 150 billion investment in state of the art, modern infrastructure, and a nationleading commitment to lowcost clean energy, new york is doing more than any other state to build for the future of your business. New york state, the state of the future. Learn more at esd. Ny. Gov. By the way, shes the it wasnext mozart. G day. New york state, the state of the future. As usual we were behind schedule. But sophies enthusiasm cannot be dampened. Not even by a runaway donut. We powered through it in our toyota prius. Because a stars got to shine, no matter what. Its unbelievable what you can do in the prius. Toyota lets go places. Big tech is up fire for privacy fears to accusations of bias to being too big. Tim cook hasnt gotten much blowback from working with President Trump, whether its been meeting with him to working with the administration on tariffs and trade. Theres one. Theres apples massive operation in china no uproar from customers or employees while the nba has been filing with a firestorm. And cook hasalso been speaking out on social justice issues without protest or product boycotts like some other Big Name Companies meanwhile apples stock seems unstoppable, up nearly 70 this year, sitting right at record highs at 265 so how did mr. Cook get to be teflon tim we bring in apple analyst brian white and our own cnbc tech educator steve co vac. I worry now that we have jinxed him, steve, that maybe the good times will stop rolling here what has he done so intelligently . How has he played his hand so well i think its this great Charm Offensive with the Trump Administration ever since this trade war and tariff started even before it picked off, putting up press releases, bragging about a 350 billion investment in the u. S. Economy a day before he met trump earlier this year he put out a statement saying our job footprint is 2. 6 million jobs or Something Like that even though apple only has about 100,000 employees. These are the kind of headlines that trump likes to hear he has clearly shown that he knows what this president likes, how to maybe even stroke his ego a little bit and its clearly worked hes won tariff exemptions for parts they need to build this mac pro and said, okay, well build in austin, we were planning to build in china, but never mind, well stick in austin and in a few weeks well get to see them tour together that factory trump gets his headline, hey, we brought manufacturing jobs back to the u. S. And tim cook gets a bigger win here because he gets to keep making other stuff in china. Brian, your thoughts . I agree i think one of the things that tim has done here, he remembers hes running a business and not a Political Campaign he doesnt let any political bias get into his decisions. Hes a pragmatist and looking after shareholders and employees and customers, and thats the big difference between him and a lot of other tech vendors that have really revolted against trump. So the stock has certainly shown good results here and that cant hurt, the fact that he has not been a target of the president s ire, right, brian . Exactly i think theyve been on the right side of data privacy hes taken a very hard line stance on data privacy and i think thats benefitted him a lot, not just with trump but politicians in general. There hasnt been those sort of privacy to his point there. I saw an ad last night, a brilliant ad for the little apple has a lock on it, really good, and it says we value privacy, and so far so good on that. There have been a few mishaps here and there, especially with stuff going on in china and worries about the way theyre monitoring that but for the most part, yes, theyve done a better job than the other big tech rivals. Brian, does this factor into your view you have a 300 price target im sure its not even a dollar of that price target tim cooks Good Relationship with President Trump but you look at some of the other examples of ceos that have more contentious relationships like a jeff bezos of amazon and you think id much rather be tim cook than jeff bezos right now. At the end of the day its a business, not a Political Campaign these guys going headtohead with trump are making a big mistake. The stock is up 60 but it trades at 19 cash and if you look at the s p its 17 times. The sugar Water Company is 2 so apple is still very cheap and why is this happening . Youve got a eureka moment with investors, saying, im going to give apple some credit for what theyre doing in services and that can go on for a while i do think their hard line stance on data privacy has definitely paid off and i think thats also helping the multiple. Is their supply chain at risk in terms of china, absolutely i think apple has been smart in how theyve played this and they know that depending on what happens here tariffs could go into effect december 15th, but at the end of the day theyve had along time to prepare. Could there be mine oor problemf course. That seemed to have stepped over the earlier occur if you have kerfuffle with goldman. Yes at the same time theyre saying its not your typical credit card this credit card is designed by apple so theyre trying to have it both ways but yeah, they totally pushed off on goldman and goldman got all the flack for that. Appreciate your time. For more of steves reporting on tim cook and apple, you can find it at cnbc. Com were coming to the end of the trail here check please is next dont get mad. Get e trade, dawg. Im part of a community of problem solvers. We make ideas grow. From an everyday solution. To one that can take on a bigger challenge. From packaging tape. To tape that can bond materials to buildings. And planes. One idea can unlock a breadth of solutions. At 3m, we are solving problems that improve lives. Not much, how about you . Are you answering my text in person . I am. Yeah. Lol. Come on in. This is tech that helps you be there. The nissan altima. Now offering the most techadvanced engine in its class. Weve got a news alert on the trial between Oklahoma State verse johnson johnson. Melissa, a judge has ordered that j j should pay 465 million in that oklahoma case that it lost in august as the state of oklahoma claimed that they had contributed or caused its Opioid Crisis and j j was ordered to abate that crisis at the time a judge ordered them to pay 572 million and that was reduced last month when the judge essentially admit there had been a typo in that order and reduced it to 465 million the two sides came back and were arguing that on the stateside j j should potentially pay more, that they should have to replenish the funlds until the crisis has been abated j j argued that because they both settled with the state of oklahoma for 355 million in sum, that that should be deducted from the total. Now, the judge coming down in the middle and saying 465 million which is essentially what he had originally ordered minus that typo is what is going to say there youre seeing j j up about 2. 4 , also opioid makers also up who are involved in their own separate investigation all of this is swirling in many other state and local courts as for j j in oklahoma, the judge ordered 465 million and of course theyre appealing all of that case, guys back over to you. Meg, thank you. The story the next hour is going to be will the dow close above 28,000 its 25 points from it now. Sitting right there clo closing bell starts right now. Im Morgan Brennan in for sara eisen at the humana post on the new york Stock Exchange. That stock is up 4 getting a lift following a Health Care Pricing speech from President Trump just moments ago the rest of the market is higher as well. Were actually at session highs with the dow creeping closer to 28k. All the major averages setting records. Well see if we get record closes and we have 59 minutes to do that. Good afternoon. Lets have a look at whats driving the action positive headlines from the National Economic council director