Turmoil in this market all the big moves i see, both up and down, including today. The dow dipping 37 points, s p declining, the nasdaq lost 0. 28 . Underneath, though, theres a lot of rumblings i blame the millennials. Theyre impossible to getaway from and i have to tell you if it werent for the fact that i have two millennial daughters, i would hate this generation the generation that demands to be catered to or they cut you off at the knees or at the cord if youre a cable operator Everyone Wants millennials as customers because theyre old enough to have disposable income but young enough to be persuadable. That means you need to advertise on the internet, because thats where this generation resides. Thats why 45 of cloroxs add go to facebook and google. Clorox is at 45. Second, perhaps because of low wages and student loans, they pay out for very little. Weve identified over and over, millennials will pay premium for uber, for air b b and the iphone and theyll pay up it for makeup t
Burgess of texas talks about efforts to repeal and replace the Affordable Care act. Hosted by the American Enterprise institute, this is two hours. Okay. Okay. I want to thank everyone for attending this event today. Im joe antos, the wilson had h. Taylor scholar for Health Care Retirement policy at the American Enterprise institute. On behalf of aei, the Brookings Institution and the Pacific Business group on health, i want to welcome everyone here and everyone watching remotely including those who are watching cspan to todays conference. Were going to discuss High Quality Health Care that is available for patients, employers and taxpayers. This is a critical topic for government poll he icymaker spo. The recent election highlighted the disagreements among many people in this country about what is the best way for government to proceed in this area. And obviously changes are coming. The expansion of Health Insurance coverage under the aca has come at a steep price and the Incoming Adm
Afford or they can risk a loss they cannot door. That is why it is so urgent that we Work Together to get to the bottom of this. I want to focus my questions on some of what i think are the market breakdowns for lack of competition. We have to make some reforms. When your Company Bought the , that was 2007. How many were sold then . Much less than today. There is a lot of head scratching going on here. I totally appreciate that. There has been a lot of misinformation, understandably so given the complexity that many of you have acted out. Pointed out. Im going to ask you to get your graph out where the wholesale Acquisition Price is just under eight bucks. Then you go down to the bottom and that is the 50 per profit. That 50 sounds reasonable. , whoebates and allowances is getting all that money . The other between people in the supply chain. The pharmacy benefit managers, retail pharmacy, wholesalers and insurers. Provide,rvice they best it to negotiate a price with the pharmaceutical
Assistance we can for them to do that. My next question, a more difficult question. Im not suggesting any governmental problem. Murraya book by charles a little while ago. He talked about the moral decline of america. A lot of that moral decline, he focused on the underclass. Somethinge is not many people in my age group had when we were growing up, he focused a little bit on the upper class. Things that he focused on, which i think, collectively is not a huge amount of money, maybe it had a penny to each Prescription Drug you have, but i think it is bad for the fabric of society. I realize it is legal and i am not just targeting you because it is common across the board. It came up earlier that you are making whatever, 90 million, 20 million a year. That is a half cent off of every prescription you guys make. The point marie made was that made was it murray that chief executive got along making a lot less, and they make a lot less insightful companies around the globe. The point he ma
Recall for the model x a couple hours ago. How the bad news could impact the musk empire. Netflix set to increase prices for about 17 million users with increasing competition in the space. This music is killing me here. Can the streaming giant keep Pricing Power . Thats the question well debate here on closing bell. I think we should keep it going the whole time . Why not, sure. Goldman sachs getting hit with a 5 billion fine. Eric sneiderman will join us after the bell and those goldman shares rallying on the hopes that the last few of these remaining settlements we are seeing in the past just as were coming up on earnings season. Where does all that money go . Thats the question well be asking, 210 billion, i think Something Like that at this point. So far, exactly. From these fines and settlements, lets get right to the unexpected meeting between president obama and janet yellen with her thoughts, from the washington post, ylan, good to see you. What are they discussing . Reporter