A key issue of the president s 2020 Reelection Campaign and what voters consistently rate as copublished with their worried about this. In fact every american. The goal here today patients, total prices of what they will pay in the insurance will pay and easy to read patient friendly format improving price and quality transparency and healthcare and lets take a look at healthcare structure now. All of these are moving in. A big piece is what is bringing in. Johnson johnson, pfizer, nothing about pharmacy benefits managers. If you do not know what that is, this is a middleman may be higher to negotiate with the Drug Companies and negotiate with with Different Companies like that, this is a mixed Group Performing it now. The pharmacy benefit managers list why this is so important. They operate within cbs, rite aid, and theyre supposed to be on the side of the patient and on the side of the company and what their pain but a part of the executive order, that is not happy. He is at the white house right now, lets talk to blake. This is been month in the making. A lot of discussion on capitol hill about this issue. Reporter this is been one of the big issues for the Trump Administration and the president himself having Health Administration for a while, healthcare unit is big healthcare issues. One thing that they have been focused on is trying to get price tran20 all across the board for health care market. If you go to hospital and you get a service rendered on you one way or the next and you dont really know what that cost and then you get the bill in the mail and see my goodness. They have to pay for. This executive order is going to try to target a couple Different Things and first off when youre dealing with outofpocket cost to make sure that you know what goes outofpocket costs are and secondly when you go to the hospital they have to post the cost of the services we will hear this from the secretary just a few minutes over here at the white house we had a bit of a preview earlier today. Conservatives for a decade recognize the transparency in the life of the president is having encourage and order today could be the single driv highest driver. You heard him say Price Transparency. It has been a very, very busy day over here at the white house especially for the president as they announced new sanctions for iran in it well the way to the highest level of iran. Theyre targeting the iranian supreme leader. Several other leaders did the upper level of iraq in german, especially within the military in the treasury equity Steven Mnuchin. We will have sections coming this way later this week as well. Liz Steven Mnuchin breathing in the room. That was rare. Basically, the sanctions work. They were willing to tell us where the money is but he said we follow the money trail and we know how to hurt the leadership in those responsible for not only targeting the ships and the sea of hormuz. Reporter they would not reveal or say how much of the money might be outside of iran essentially it could come back and be harmful. He would not say how much of the sanctions are for the downing and american journal that happened last week, the attacks on oil tickers, even happening off the coast of iran into the waters there. A miniature said it was all of the above. Liz we are looking at the like pictures as were waiting to see the president come out to sign the executive order. I want to go back to healthcare, this is the top issue for 2020 Republican Voters or democratic voters that are being pulled. We know that the president has said and came out with a Healthcare Plan. The gop workers are working on a Healthcare Plan. Can we look at this order as a blueprint do you think. Reporter we know this president and every republican to candidate in 2015 and 2016 said they were going to appeal and replace obamacare when they got to office. That did not happen. The Affordable Care act is still the law of the land. That was over a couple of years, you know what happened there, democrats ran on healthcare in rain not healthcare. It was a top three issues for them, they when the house on that. So the prospect of repealing and replacing obamacare not going to happen at least in the interim or the near term. What you bring that up, because youre starting to see a series of events or series of policies or whatever form they come in. This is pujol is pujols drawdowe transparency and certain things that they feel that could work with the president on as a republican democrat divided house on capitol hill and the president says the Healthcare Plan comes after the election but thats a political reality and all this. Liz if you really look for what they are trained to target here and thats why brought up the issue pharmacy benefits. Managers are supposed to develop and maintain contracts for pharmacies in negotiate discounts and rebates with Drug Companies. We were just looking at the drug cost a few moments ago. The drug manufacturer says are all high up. The Insurance Companies are trending lower with united house for example they hired permissive managers, not just the hospital chain, not just doctor groups, they say they dont want transferring to, your say the opposite could happen. You could see prices go up for consumers, prices go up or Insurance Companies because all the sudden the doctors want to realize they keep getting a great discount on a procedure for the doctor next door is targeting more money. That is an interesting criticism of the sprayed. Its a criticism and on the flip goes to what the ministration says needs to happen which is to shed light when you go to a hospital and you know exactly how much something costs, what the discount may or may not be, how much youre being charged, et cetera. Critics always say, you have more transparency and it will drive up cost because now people will know things. On the flip, i think everybody would want transparency to know exactly what is going into the medical procedures and medical advice or the services that they are receiving it at the end of the day to go back home and walked out of the hospital and walked out of the Doctors Office and you get the bill you know exactly what that is going to be. Liz for surprises, they want to take the surprises out for americans when they get the bills which can sometimes be catastrophic to some families. We will continue to monitor these on the white house. I want you to stand by, we will wait for President Trump to come out and sign the order and everyone is waiting for him. It is a busy day for the markets, we do want to show you what is trendy. When a big week last week, the doubt s p and the nasdaq, its a strong want to do. The doubt is at 23, as in p and nasdaq slightly lower. The s p we can finish up a smidge, even 3. 72. To be exact. We have a record close for the s p 500 so we have 51 minutes to go and we will see if it closes higher. You want to watch the healthcare during this event at the white house and obviously theres a merger monday again. I love saying that. Caesars entertainment, it is a 14. 5 , their rival which is resorts has block caesars, eight halfbillion, the cash of the stock combiners debt we should say, it comes worse and three months after caesars agreed to give his representative. Its a function of the next ceo. 14. 75 stake in the company, that is a big story for the market today for the s p and i want to bring this up, this is crazy we are testing 15 month highs on bitcoin. The contract jumped more than 10 over the weekend writing the crypto currency optimism if you will facebook and build the digital coin that will be next week. Analysts also saying the rally for bitcoin and having the next in 2020 were rewards are offered to bitcoin minors will shrink and thats another story that is coming on we share stocks glittering some picture i, we see safety involving them as well in the price of gold driving from global banks and increased tensions between the United States and around, anyway will continue to solve these like pictures, but we want to start the floor show and we want to get a perspective on everything that is going on right now. We are traders at the New York Stock Exchange pre. Sorry am going to interrupt you a President Trump comes on. Tell me what we are seeing at the dow industrial right now. What does it say for june for the dow particular since 1938. Reporter if you put all the competitions on the table and all of a sudden for alltime highs is a little bit of a head scratcher, thats where we are. If we look at the s p cash we are at 2946 and 2950, youve we have been here three times we have not sustained these levels. Obviously with iran the news and looking forward to the g2020 summit. And throughout all of those events maybe there is a little bit more traction up into the s p but traders are little bit more cautions and being a little bit more careful in the traders are jumping all in. You have a mixed performance for the market today, but again last week pretty cool. You have the s p gaining more than 2 , coming off of a strong weight. The story really has been the oil pits there in chicago. Reporter so many people cannot believe it and theyre wondering, has this been a defensive rally, when you see the Energy Stocks are being well below the oil price, when you see a huge divergent of value and growth are now when you see banks that are shadowing, they did not really participate in the rally and people are wondering what got us to this point. People are wondering what is going to happen next coming up next, Jon Scott Shelby is going to have an executive order in regards to President Trump and the sanctions. Putting pressure on iranian leadership there. Obviously if the groups come to some kind of negotiation of plan we have not seen huge reaction to the oil to be honest. No we havent and we are doing so well ourselves. I would say yes, but to your point about the markets, i would say this, be careful what you wish for, you just got to talking about an alltime record high for the s p 500 and here we are still talking about cutting rates, i been doing this for 31 years and i cannot remember the last time we talked about cutting Interest Rates when it was an alltime record high. We are growing at a slower pace but if you are improving at a slower pace be careful what you wish for because everybody must have undermined what theyre going to get when they get the recut because if they dont get what they think theyre going to get i think that could be bad for the market and how could you gestop something. I think we have to be very, very careful. Liz we are looking at a fly meeting. They could do it all they want. I just want to bring back to the news and data were watching. The white house and the grand foyer, President Trump is going to come out and sign this order entrance pretty to healthcare. Im looking at the movement of healthcare stocks in your same pharmaceutical companies are all trending higher. We dont exactly know what is in the executive order. There little bit more higher for the most part. But the Insurance Companies are under little pressure. You have to Wonder Within healthcare, is it the drug manufacturers that will suffer if theres more transparency pricing at the market, or you think its the Insurance Companies he will have to deal with more transparency which could be bad for prices for doctors. Reporter lets hope that is great for the u. S. In healthcare. I would believe transfer to acrosstheboard is good for everyone. Some people are charging too much people realize it will get an equilibrium in price. I think the market has to sit there today and sit through with what the democrats have to say and then if they want free healthcare for everyone. I think investors will watch it to and have a big rally in the forward pass in 30 to 45 days. It doesnt even matter, sometimes the hyperfocus is on an event in the market doesnt care about it. I would want to see how it reacts in the next few days and see if these individual companies show their face if theyre being affected in a dramatic ways. Liz im fascinated with whats happening with the pbm, United Health group, as far as you know, here comes the present actually. The president is going to be citing this executive order on transferring supreme. [applause] [inaudible] thank you very much everyone. We must be doing something right right there. That is very nice. I appreciate it very much. Welcome to the white house, great place. No place like actually. We are here to announce groundbreaking actions that we are taking to dramatically increase quality, affordability and furniture Healthcare System. This Landmark Initiative continues the Campaign Across american patients and this is a truly big action. I cant tell you how big it is. Some people say bigger than healthcare, this is something that is going to be very important. Too long its been across americans to know the real price and quality of Healthcare Services and the services they are receiving. As a result, patients face never get obstacles, shopping for the best at the best price, driving up healthcare cost for everyone. Todays historic action we are fundamentally changing the nature of the Healthcare Marketplace. This is bigger than anything that we have done in this particular realm and probably it is not even close to what youre telling me. We will empower patients with the information that they need to search for the lowest cost and highest quality care in other words the be able to seek out the doctors, seek out the doctor that they want. They will be giving vast amounts of information about doctors worse was to be joined by secretary and administer. [applause] i also want to recognize and think senator chuck grassley. Chuck thank you very much. [applause] and by the way congratulations. He fought so hard. Congratulations to the farmers. Treat job. I appreciate it. And that is yearround. Mike braun, thank you. Greg walden, we work so hard together and michael burgess, doug collins, devon, thank you all incredible people. Lieutenant governors, jeff duncan, dan first, thank you fellas. In all of our great state legislative, a lot of them with us today. A lot of great medical people and doctors, it dedicates powerful companies and lobbyists especially have denied the Public Access to the real cost of Healthcare Services they provided, it is that simple, the lack of christians fancy has enriched industry giants greatly costing americans hundreds of billions of dollars a year. Patients have 800 billion for sailing and more than 6000 for a drug test in 6000. Ive seen it. And over 17000 for stitches to just ditch up a little wound. Often price is referred drastically between hospitals and doctors for the exact same services and theres no consistency or predict ability and its frankly no lin no, no r reason. They find themselves in deeply and for situations, erica please come up and explain what happened to you. Thank you very much. [applause] thank you. For three and half years i was fighting cancer and we visited many healthcares facilities. Crystal price creation that caught us off guard and surprises. One facility to the next and it causes financial hardship. An example is biopsy procedures, only 11 days apart in only 17 miles apart from each other. We learn when we receive the bills for the procedure that it costs us more than 330 from the first time we had a gym. Different facilities, identical procedures drastically different pricing. This is one of many stories or family has. If Price Transparency to been required we would have the best pricing for my care. Saving thousands of dollars over the last three years. Mr. President , thank you for this executive order and thank you for empowering and helping families just like mine. [applause] thank you very much erica. We believe the American People have a right to know that the price of services before they go to visit the doctor. Therefore just a few moments i will be signing a breakthrough executive order, it will create a president transparency about prices and provide to the market people for the first time ever, the first time its ever been done. People know it should be done using a but it never got done. I wonder why. With this order hospitals will be required to publish prices will to what people actually pay for services. In a way that is clear, straight forward and accessible to all and youll be able to price it among many different potential providers, you get great pricing. Prices will come down by numbers you wont even believe, you wont even believe it. More Price Transparency will mean more competition. In the cost of healthcare will go way way down in vanderbilt economist highly respected doctor lori vanhorn is here with us and he was introduced to me by a gentleman who is a great gentleman, great economist, and larry just got the president ial medal of freedom a couple of days ago. An art was telling me, he is the head of hospital, he is on the board. And he did this, he said it is beyond anything he has seen. From economic standpoint to even help standpoint and i said, lets talk about it and we discussed it and its something we know very well but a lot of people do not do it because there will be rich people that will be too happy about this. But the people will be happy about it. [applause] larry, would you one thing before he gets up, th