joining us. such a newsy afternoon. really appreciate it. "fast money" coming up in a few seconds. melissa lee, what's cooking? >> talking all about the deals. we get the latest from our reporters on charter, time warner. and also, you are talking about google and nest. big play on the internet of things. we'll tell you how to trade it. there aren't too many publicly traded companies. google getting upgraded in after-hours session. we'll tell you if this changes the landscape. >> over to you guys. "fast money" starts right now. live from the nasdaq market site in new york city's times square. i'm melissa lee. what happened in the markets today? the broad sell-off across the board. with the nasdaq the biggest loser. and just breaking, moments ago, google making a $3 billion acquisition. we've got all of the details for you. plus, an under-the-radar biotech play that has three new products in the pipeline. our traders are team seymour, brian kelly, josh brown, and guy

adami. dennis lockhart said he will continue to support the bond buying program over the course of the year. the dow, the s&p, the nasdaq ending the day down more than 1%. earnings jitters weighing on stocks across various sectors. brian kelly, overall markets. what do you make of the pullback here? >> last week we saw with the unemployment report, it was weaker than expected. and we thought it was actually weak. it's not because of the weather. then, you had hilsenrath come out and talk about how the fed is on course to continue taper. and lockhart today. the market has to reprice the fact that the fed is going to taper even if the economy is a little bit weaker. so that fed put the strike just renegotiated probably a little lower. i think the path of least resistance for this market is still down. >> i think the data isse eeringo

the higher. a lot of people spend time looking at autos, durable spending. saying this is ultrainterest rate sensitive. and interest rates have been going down over the last couple of days as everybody is talking about the economy is doing worse. that's going to support the consumer spending that works. you have to understand, people had a fantastic 2013. it's the first seven or eight trading sessions of 2014. and people are looking at every history book in the world. we've talked about it on this show. there's reasons for being historically concerned. but not about economic data that doesn't change overnight. >> that's a good point in terms of where we've come from. baer had an interesting note that stocks overbought and overloved. just a matter of where we're coming from. the data could be improving. but where stocks -- how are they after the year? >> i've had trouble with that over -- i don't know what that means, exactly. overloved, i get it. everybody gets on the markets.

i get all that stuff. to me, a lot of this is technical in nature. we've been talking about it. you need to trade back to 1750. test it and see if it happens. every retest of different levels that we mentioned has been opportunity. i'm convinced we're going to get there. it's your call if it will happen, where and when. it will look scary. but that's the same thing it is every, single time. if it bounces from there, we're going to test 1850 and probably ratchet back higher. if it fails, we look at the next level. >> is it a sell-off because it's earnings season? >> we could assign multiple causes to it. the technical definition is relative strength. when rsi, on a scale of 1 to 100, is peaking around 80 or 90, that's an overbought market. it's not what we have right now. people that are using the term

overbought from a fundamental perspective, are talking about earnings. here's the deal. if you look at what's generated in the sell-off, it's retailers. it should be that way. the retailers disappointed, almost to a man. that's how you have the xrt down almost 3% today. triple the s&p's loss. in the meantime, staples down less than 0.5%. >> we had financials overperforming. and we have a lot of banks later this week. >> the financials have performed so well. i think the risk for them is they have to just knock the cover off the ball during this earnings season to continue to go higher. i would say the last week, we've seen a slight weakening in the economy. ism services. the employment index. that was below 50. you're starting to see some cracks. doesn't mean the world is falling apart. but i think the sell-off is just fine. >> we got news on charter communications and time warner table.

we go to david faber with the latest on this story. david? >> thanks, melissa. another chapter unfolding in this saga we brought you last june. that's when we reported that charter and liberty had made an overture toward time warner cable about consolidation of the industry. and they would like to lead it by acquiring time warner cable. since then, there's been a lot of back and forth. we haven't seen much until today when we got a letter sent from charter to time warner cable. and for its shareholders saying, we'd like to have you really engage with us about a potential acquisition. but no bid was actually made, reference was made to a previous indication of interest in the low 130s, with an $83 cash some component. we told our viewers that what came back from the meeting was on offer of 160 bucks a share. namely time warner cable telling charter, you want us, $160 is

the price. $100 in cash, $60 in your stock with a 20% collar. you do that for us, you can have us. but we're not interested in anything below that. we'll see where it goes from here, of course. they're setting up for potential proxy fight. the window opens next week and closes in the middle of february. but it's not clear who is going to do the bidding for liberty and charter if they don't put a number on the table. they're likely to convince shareholders they will have the value down. >> a lot of ifs, david. from a traders' perspective, where does that leave some of the cable operators, namely comcast, the parent of our network? >> comcast has interest in time warner cable. has had advisers working with it to determine the antitrust or ftc ramifications of any purchase would be. that being said, it's unlikely

that comcast would want to try to buy all of time warner cable. could it do so? at a price of $160 without much of an effort in some ways. but, melissa, the key in many ways, comcast, my reporting has indicated there's been talk between charter and comcast. but at this point, given charter's decision to release this letter today, they have come to no accommodation with comcast in any way or the other. nor has time warner cable coming any accommodation. >> david, thanks for the update. david faber, joining us. does this change the landscape in your view of how you vw some of these companies? >> yeah. consolid gone. this is something to look back at the liberty media/sirius deal. that gives cash back to time warner cable. everybody's involved in this. i believe that comcast, the parent of our network, has significant interest in some of

the assets. and there's no question that there's antitrust issues at least that you have to evaluate. but you look at everything about this, it's about content. why i want to own disney. the content is costing these guys. >> i think time warner cable, if everybody's going to be scrapping over there, which hasn't moved in the after-hours is the first place you look. but when i want to play what's really going on here, want to play content and sector that's growing. >> what it also does is reinforce my belief that names like blackstone are in their sweet spot when you see deals like this and some of the deals we've talked about. it all works for blackstone. it goes with the tape today, blackstone traded at levels we haven't seen since the ipo. they report at the end of the month. bx, the works. >> i would argue that this stage of the cycle, you should be glad to see competitive buyers as opposed to financial buyers or trophy buyers.

when you see blockrock buying cable properties, that's when to get nervous. but we're not there yet. they make sense fundamentally. >> it's another reason to be optimistic about the markets overall? >> cash flow for all of these companies is booming. name one that's struggling. >> that's why charter can pull this off. they're a guppy biting off a big fish here. that's why time warner has been dismissive. >> this makes for a great trade. $130 is now your floor. $160 is your top. somebody's going to bump this up. i would buy time warner. >> could today's earnings jitters be a bad sign for what's to come this season? with us is adam parker, morgan stanley chief and managing director. nice to see you. >> thanks for having me. >> in your note, you put the negative to positive ratio is very high. but the flip side is maybe companies are setting the bar low. and we're in for a good earnings

season. >> i think the earnings season is going to be fine. we didn't see negative prereleases in the first ten days of the quarter. you can use that as a harbinger. the companies that reported in december, had decent results. i think the bar's been set low enough that the q4 earnings season that starts in earnest this week is going to be fine. i don't see it as a negative catalyst spooking the market today at all. we're 1.5% from the all-time high on the s&p 500. calm down. >> adam, so, the more optimistic strategists out there are talking about something in the neighborhood of 4.5%, 5% revenue growth is there is nothing systemic going wrong. maybe 10% earnings growth. where's the risk to the upside? and the downside? here's what could go really right, and what you're worried about. >> we have 6% earnings growth. about 8% total earnings growth.

so, probably a little in the middle of the road. i think the biggest risk to the downside would be, we start tapering. and late in the spring, we hit an economic soft patch. a couple weak isms and jobs data, you have lower growth. and you have an emerging market problem event. that's a realistic -- that's not just hey, maybe. you look at the fragile five. the real things are happening with their rates and their currencies that can make demand from u.s. companies change. those are the biggest risks. >> on the upside, do you buy into the capex explosion? >> i think the big top of the cycle will come from two things. hubris and debt. hubris is management confidence gone awry. capital spending, hiring, building inventory. i don't think we're very frothy

right now. i don't see a lot of management confident. we could get a pullback any time. but the big call is a ways off. >> adam, as we go through the earnings season -- i know you do a lot of work on specters. are there sectors that if they came in worse than expected or better than expected, would change your view? do you weight one versus the other? >> the three things i try to focus on the sector level. can they beat the numbers or not on a relative scale? one of our biggest choices, health care. the lowest is staples. i don't want to own shapings when they miss. i like that pair trade, health care over staples. you'll see energy, industrials miss on a relative basis. the oil price was not present thely in the last few weeks of the quarter. i think estimate achievability is broadly okay for the earnings season. >> what do you think that investors are not positioned for

outsized moves? on earnings day, you had moves about the average of one-day move for stocks. read some of these stats. but volatility remained so low and people seemed so complacent. lulu may not be a good example. but we've seen how vicious it is for companies that are missing. >> i like to look at the reward for beating versus at the penalty for missing. one way you can tell you'll have a pullback if companies don't go up. and so far, that hasn't happened. those who don't care are being rewarded. one of the things we track is the ratio reward versus penalty for missing. you're going to see upside on 1% to 2% on the earnings season. the biggest wild card, the hardest thing for us to predict, as so many elements that are hard for us to see. that's when you've seen a lot of earnings in the last few quarters. >> adam, thanks for stopping by.

adam gave us surprises he was looking for. what about our traders. tim, where are you looking? >> i like cummings energy and engines. they are clearly the leader in diesel, but not gas-based engines. this is a secular story. averaged up 2%, 3%, where the s&p has come from 9 1/2 to 6-ish. i look at this company. it's a change in margins. it's a dominant player in a secular trend. i think margins are going to surprise people. >> b.k., how about for you? >> i'm going to go to negative surprise. bank of montreal. bmo. we saw on friday, they lost 42,000 jobs. that's as if the u.s. lost 420,000 jobs. it was a massive miss. bmo's had problem with the economy. i think you can sell this short. >> i don't know if you know this.

jpmorgan has beaten earnings expectations eight quarters in a row. that's unheard of. they have this game mastered. the expectation is $1.25. whisper is $1.37. they've beaten those eight quarters by an average of 14%. >> guy? >> last few quarters of ibm have been disastrous. i think you're going to see another one a week from tomorrow. credit swiuisse had a note out today. it got to 190 because the broader market helped it. we talked about this being one of the short items. i think ibm is to the downside. that's my surprise going forward. >> not just stocks. but oil prices taking a hit. creeping towards 90 bucks a barrel. we'll talk about where the energy market is going next. and google making his second-biggest acquisition ever. we have details on the $3 billion deal. ♪ ♪ stacy's mom has got it goin' on ♪

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♪ time for today's top trades. google announcing that it's entered into an agreement to buy

home hardwaremaker nest labs. >> this is potentially huge on a number of levels. just financially. $3.2 billion. google spent $3.1 billion on doubleclick and took over the display app business on the internet. this is more than that. it is the largest private company acquisition ever. this is about the internet of everything. home automation or the conscious home as one of the co-founders. known as the father of 2 ipod. he convinced steve jobs to go with arm chips with the iphone and ipad. this is the next stage of mobile that nest is after. their goal is to connect every home to be in every home in the entire world. it's a very ambitious goal that lines up with google's

ambitions. in a way, it's unfair to compare this to doubleclick because there's so much money out there now. google offered $3 billion for snapchat, too. they were looking to spend it on something. but this is a youtube moment for the post-smartphone era. you know what google did with youtube. this could be the next wave. >> jon fortt, thanks for that. google ventures was an investor in this, along with other big firms. light speed ventures. and this company just completed another round of funding in january. josh, you're talking about the internet of things or the internet of everything, as it's known. how would you play this? there's few publicly traded companies that give you a pure play way. they're all indirect. >> we're all going to be playing it by default. this could be the next industrial revolution. we could be looking at billions of devices talking to each other. the mind boggles. the first place to look are

interesting semiconductor plays. they're wins already. there's a host of semi names out there. >> and qualcomm and cisco have been pushing this notion. >> i think qualcomm is on the lower price points. but at google, are you kidding me? the technology these guys are investing in. nest is a fantastic company. i own about five of them. but what's interesting about nest is, you think it's creepy how people can see your key strokes and understand what you're thinking. nest understands tastes about how you live your life. you don't want people to know. ultimately, yeah, i'll just leave it at that. the bottom line, i think it's a genius purchase. a fantastic company. >> soda stream. the company calling the holiday season challenging. we should note our own karen finerman sold half her stake. and she's not stepping in to buy

anymore. what do you make about it? >> one of the things that we talked about last week was not some of the functionality issues of the company. but they're chasing the top line at all costs. they have a small top line niche. but they're not going to make any money in the fourth quarter. you look at higher production costs. this is a company that's gone from $70 to $35. and karen is a great risk manager. they are showing no profitability. and the jury is out on how they're going to turn some of the headwinds in the right directions. >> and they will continue to face in the beginning of the third quarter. >> yeah. this is a company -- i thought it was a snowcone machine from the get-go. >> it's called soda stream. >> that's my point. nobody has snowcones anymore. they used to be all over. >> i know a great snowcone guy.

>> the point is there's no more snowcones. >> thank you, melissa. >> i would be getting out of this. >> the internet of snowcones. >> all right. some of the hottest companies are going public, including ecommerce giantally baba. how can you get in on the trade here? the managing director is coming up after the break. [ male announcer ] we could say a lot

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ringing the closing bell, along with our friend, joshua brown to report. >> see the handsomeness on display there. >> you took up the whole screen. >> you said it, i didn't. >> you're in blue. everyone is -- >> yeah. keep digging. >> a lot of people behind you. etf stock holding are 10 cent, brendan hearn runs the etf. it is a smaller etf. traded about $33 million. >> thanks for having me. >> how does this differ from some of the chinese etfs out there? >> it's the only pure play on the china internet and immerse sector. for instance, baidu, because it's listed on the nasdaq, is not included in any of the broad-based emerging market.

we have a unique structure of capturing chinese internet companies. >> who determines the weighting of each holding? >> china security index company of shanghai is the largest index. they run it for us. we thought that was very important. we wanted a chinese perspective to make this product investable. >> one of the reasons why this whole space gets me so excited are the numbers we're talking about. you can speak to some of the trends in china and how they differ from the u.s., and how much room there might be looking forward. >> it's an incredible phenomenon, josh. there's three trends taking place in china. urbanization. hundreds of millions of people are moving into the cities. as they do, they have ak set to better earning jobs. as they do so, they spend more money. discretionary spending is up 300% in the last eight years. when retail sales take place, they take place online. in china, 4.4% of all retail

sales takes place online. that's equivalent here in the u.s., only 1.1%. >> as people have been just raining down negative on china, how do you use this? i agree with everything that we've been daying on the desk here about where the growth is. but people think china is, first of all, the internet companies have been attacked for their accounting standards. and people ran from baidu last year, even though i think that is a huge opportunity. >> we want to be a provider for education for investors. we want to provide information on what's taking place in china from the chinese. you should hear their perspective. but first and foremost, this china ecommerce phenomenon has been written by some of the most prominent companies in the u.s. josh brown has written about

this incredible phenomenon about the adoption of the internet and the growth of ecommerce in china today. mckinsey wrote, china's ecommerce specter has grown 120% each of the last ten years. you have an amazing adoption of the internet within china today. >> a lot of people out there are interested in the companies you already hold. but how about alibaba? do you get an allocation of those shares wherever they list, here or in hong kong? >> alibaba is the grandaddy of all china internet names. it's twice the size of ebay and amazon combined. in a single day, they have a day in china, an anti-valentine's day. it's called singles day. 11/11. alibaba did $5.7 billion sales u.s. that's up 80% year over year. and is greater than cyber monday here in the u.s., 1 1/2 points. >> getting back to the question. >> so, alibaba is expected to go

public this -- yeah. we're hoping the second quarter of this year. it could be valued as upwards of up to $190 billion u.s. and we have created within our index, the fast track inclusion. it will be included within 11 trading days which is faster than traditional benchmarks. >> brendan ahearn. polar vortex 2.0. will it push gas up to the $5 level? plus, the biotech boom. major products coming down the pipeline. the co-founder and ceo of tesaro the co-founder and ceo of tesaro joins us later in the show. list of equity options... evaluate them with our p&l calculator... and execute faster with our more intuitive trade ticket. i'm greg stevens, and i helped create fidelity's options platform. it's one more innovative reason

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and truecar users... save time and money. so when you're... ready to buy a car, make sure you... never overpay. visit truecar.com today. ♪ welcome back to "fast money." we're live at the nasdaq market site in times square. a number of ceos hitting the air waves on cnbc. let's break down some of the most important clips of the day. first. alan mulally speaking at the detroit auto show. listen to what he had to say about growth in china. >> our sales last year in china alone, up over 50%. and increasing our production

capability with a new plant in china. and accelerating the new vehicles in china. it's an important market for us. and they love the ford brand. >> ford, off to a strong start this year. up 5%. beakers what's the trade -- saying auto sales in china would be more bullish. >> and you saw it last week. gasoline or oil imports increasing. you can play it via gasoline. i wouldn't play it via ford. i think they're priced into the numbers. i would be long gasoline, short ford. >> tag et ceo, gregg steinhafel speaking to becky quick about the data breach. here's what he said. all right -- he said he's confident that it the worst is behind them. and that they're working hard to make the guest experience a lot better. josh, target was down 2% today.

>> i wasn't aware i was a guest when i shopped at target. this stuff happens. if you think target is the only chain that will be targeted by hackers, i find that a hilarious point of view. the way to think about this is what happened with t.j. maxx a few years back. it was terrible. they admitted it. the stock took a hit. but everyone understood, this is a wake-up call. they'll get their act together. tagger will be fine. the reason it didn't sell off is because nobody thinks this will be a huge mission. >> target will be fine if you believe in target's fundamentals. >> target fundamentals are challenging, especially the headwinds from canada. around $60, there's long-term support for this company. this is not target's problem. it's everybody's problem. and getting back to rsi, this stock is oversold. it's trading at 30 rsi. you take a shot with limited downside. >> the term polar vortex,

following a record-breaking blast of cold air. now another arctic chill could hit the midwest as early as tomorrow. how should you trade the frigid weather. let's bring in dennis gartman. good to see you. >> good to be seen. >> for most people out there, they think of a cold snap, they think of ung. look at how ung, it has not done well as the temperatures drop. what gives here? >> well, you've got a problem, as always, when you trade ung to gnat gas futures. you have the problem with the severity in the front months. it costs you money every time. therein lies the problem with ung. if you're going to trade nat gas, avoid ung. maybe you want to trade one of the -- one of the closed-ends funds that own nat gas. but avoid ung.

it's not a place to be. you're going to have a movement this week on higher nat gas because of the colder temperatures that are coming. this is not going to be as severe as were the temperatures last week. and last week, i thinked the colder temperatures by owning soybean meal and selling soybean meal to the cattle. you're probably not going to get the same response this week. but that's probably ill-advised. this isn't as severe as last week's. >> dennis, it's b.k. i'm curious. today, we saw relative strength in heating oil. what your view on heating oil is. if you can, just talk about the refiners in general, if that fits in. >> you know, i was actually surprised that heating oil wasn't stronger than it was, given the strength on the nat gas futures on the opening and continued through the day. nat gas had a hard time because there's so much crude oil out

there. crude oil was trading weaker all day long. if you were short crude oil and long nat gas, you felt really good. at this point, i don't see the refiners doing as well as they had been over the course of the previous year. i'm going to leave the refiners to somebody else that's wiser than i. and right now, the only thing i have on, i'm long gold and short crude oil. that's an interesting trade that i like and put on today. but i do i want to have anything to do with the refiners or anything with heating oil itself? or gasoline? i'll leave that to wiser and smarter folk, such as you. >> dennis, good to see you. dennis gartman of the gartman letter. long gold, short oil. that's dennis' trade. you like that trade? >> long gold, short oil. that scares me. the airlines get whacked, look at delta today before the tape really sold off. another all-time high. >> time for pops and drops.

blackberry down 5%. >> this is a stock up 50% in the last 22 trading sessions. the oppenheimer analyst is like, yeah, no. and downgrade to an underweight. that's an appropriate call. not a lot of upside from here, given negotiations that are ongoing. >> hain, a pop today. >> on our seventh anniversary show, continues to make new ways to grow this company. the acquisition of tellda. this is growing 25 times in a space when competitors are growing five-times. all-time highs. >> pop for juniper. up 7%. >> management taking a stake. trying to make changes. you can't chase juniper here. but you can chase cisco, which was having a nice day until the tape caught up. i think cisco above 22. >> a pop for twitter. up 1%. >> josh has made this point a million times. until you have earnings, it's hard to trade this. you have to go fear and greed.

it turned around today. i would actually -- i wouldn't be buying this until 50 bucks. >> the upgrade was weird. goldman cited innovation acceleration. what does that mean? >> we don't know. >> drop here for turkish politics. a showdown over judicial appointments turned into fast-flying free-for-all in the turkish parliament. one member of parliament drove his point home by attempting to drop kick a colleague. the first of two brawls began when they called a bill unconstitutional. >> what do you notice there? you know what i notice? a lot of bald dudes there. what's going on there in turkey? we can play the clip again. look at all these cats. bold, bold, bold. i see bold. you see hair. that's why we don't get along. bold, bold, bold. look at that cat. >> all right. he's bold.

>> good point by me. >> a problem with it. >> insightful. >> send the hate male about bald turkish men. >> dollar tree, dollar general, all down more than 1% today. scott with the options action. >> all of those names saw big put buying. much of this started early before the s&p got ugly. you mentioned dollar tree first. a high ratio. but saw nine put for call today. and similar in dollar general. also put call ratio. and in tjx, high, nearly two puts. >> you were looking at the dltr trade, scott? >> that's right. this was interesting. it was very early in the day. big buyer. 50 strike puts. $1.25. and break-even was 53.75.

3i expect dollar tree to be below that level. if you look at the chart, really interesting. gap lower in november. 55 has been the floor since then. this put buyer thinks the next time we test that, it won't hold. and what was the low price today? $55 even, exactly. >> you can catch options action, check out our website, as well. coming up next, heading west to the jpmorgan health care conference in san francisco. and look at the biotech boom with the ceo of tesaro. the company improving the lives of cancer patients. we'll have much more ahead. [ indistinct shouting ] ♪ [ indistinct shouting ] [ male announcer ] time and sales data. split-second stats. [ indistinct shouting ] ♪

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welcome back. let's get an update on breaking news we're following this hour. charter communications has sent a letter to time warner cable with details on merger discussions. sources close to david faber are telling him that charter would accept a $160 a share bid. we're watching both stocks move higher in the after-hours session. right now on to a market buzz killed today. intercept pharmaceuticals, news

that its experimental liver drug had more than normal cholesterol levels. the stock was up on positive data from that trial. it's a tale of the biotech space. and a lot of analysts were saying it was known that it would have this effect on cholesterol metabolism. >> right. and in terms of trading, that's why these things are almost impossible to trade. up 500%, down 40%. if you have the stomach for it, today, you stop, if you want to buy it. but that's not for b.k. >> okay. sticking with health care. you can prefer to yourself in the third person. but sometimes, it just really -- >> pulls it off. >> drives the point home. >> the 32nd annual jpmorgan health care conference is under way in san francisco. 300 companies presenting over 4 days. one of those companies is tesaro, a biotech firm.

joining us is lonnie moulder, the tesaro co-founder and ceo. thanks for making time for us. we really appreciate it. >> great to be with you. >> the stock has had a run over the past 12 months. it's over 60%. but down the last month, it's down 28%. and it coincides with the drug that will ease the side-effects of chemotherapy. what can you tell us at this point in terms of where it is in the clinical study and its ability to still gain market share from some of the other existing drugs out there, from the likes of a merck? >> our drug is one we brought into the company in 2010, right after founding the company. it will ultimately, if approved, be indicated for preventing chemotherapy-induced vomiting.

it provides a benefit in the delayed nausea and vomiting phase. once a patient receives chemotherapy and returns home, day two through five, they experience side-effects or are unable to eat or get back to normal activities. and this prevents it from happening in a large percentage of patients. we conducted three large phase-three global trials in over 2,500 patients. and two of the phase three trials have concluded and they were analyzed before the holiday. and both of the trials met the primary end point for fda purposes, which is the prevention of delayed nausea and vomiting. in clinical trials, sometimes you list out secondary end

points, aspects of the efficacy of the drug they want to explore. and some of the secondary end points, numerically superior, they were not statistically superior. there were some in the investment community that were focused on that. there should be approximately 5 million doses of this class of drug. and there's only one drug on the market and it's penetrated 1 million. it's not about market share. it's about accessing patients that should receive this drug that are not. and the achievement of the primary end point, that ultimately, finally, after finalizing our new drug application to the fda this summer, we'll move forward and hopefully have the drug approved in 2015.

>> and talk to me the drug to treat breast and ovarian cancer. a lot of analysts disappointed with the results, second dare end point results. rolapitant are staying positive on your company. when will that hit the market? is that hitting all its milestones? niraparib came from merck. and we have another program that we brought in from amgen. and niraparib is a park inhibitor. it works for selective patients. and in ovarian cancer, high-grade cirrus cancer patients are highly susceptible to inhibitors. we targeted that population in a

phase three trial. that's the final stage of testing before submitting a drug for approval to the fda. and we know that parp inhibitors are active in patients with the braca gene mutation. that shows up in women. and that's in a phase three program. >> we're going to leave it there. thanks so much for your time, lonnie. we appreciate it. lonnie moulder, the ceo of tesaro. that's ticker tsro, not to be confused with the refiner. >> it has a big move up. and has gotten sold off. the balance sheet looks great. last quarter, about $160 million in cash equivalents. the sell-off is too much big short interest. understanding it's a flier, you play it for the long side here. >> up 5% in the after-hour sessions. apple, one of the few stocks

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you tweeted. we trade it. let's get some of your tweets to our crew today. and taking the two best tweets you've gotten into our twitter box. guy, your thoughts on vf corp, given what should be a strong selling season? >> timmy wears a lot of john -- apparently has done -- the stock has been unbelievable stock. at 20-times, it's not crazy rich. the sell-off today concerns me a little bit. you'll buy it cheaper if this is an investment. i still like it here. >> did they buy calvin klein underwear? >> why do you look at me? what does that even mean? >> you apparently know -- >> what? >> you know two things, it's turkish men and underwear. >> we come right back. stay tuned. tdd#: 1-888-648-6021 there are trading opportunities

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