they might come up in some friction here about 1.5, but that's giving you the idea. >> i'm looking forward to the banker. >> market's still overbought. 7.5% in ten days. >> everything's fine. thank you, both. that does it for close bell. "fast money" begins now. ♪ breaking news. hallelujah, that is what investors across america were singing today as the dow set a new record and the s&p set a new record high today. this is "fast money," america's post market show. i'm melissa lee. tonight's lineup is -- tonight, the goal is really simple. to help you navigate these xup rant, but confusing market and to do that, we are going to start with with a simple question. with the dow and s&p a new record, is the nasdaq next? pete? >> yes. i think it is. i mean, i don't know it wouldn't. because the rotation that we're seeing now isn't necessarily out. i mean, i know everybody's been really pinpointing and saying you know what, people are

getting out of utilities tel con. we've talked about tech day after day. i think tech and bio tech could be the drivers of the nasdaq to start lifting this season-higher. you look at names like microsoft. the names that haven't participated yet if there's participation there, that could lift the nasdaq up. >> take a look at that. some of tech's biggest players. and they to pete's point, have not participated, so we need these guys to tart pitch ng in terms of weight. do you think that's going to happen? >> it's company by company and i think apple, you've got a couple of quarters that aren't going to be that late. that's been something that's been building over the last months for sure. certainly post brexit. as we've gotten comfortable with the world. if you believe the payroll numbers we had on friday, telling you the u.s. job market is fine and that the fed is

sidelined and that china's not a risic and oil isn't going to create a credit kris i all of these things that were holding back growth, tech will absolutely grow. yes, it's a matter of time. zpl the advantage that tech has here is is is they have a dividend, right, so if you're in utility or staple or something like that, then it's now stretched earnings wise now stretched on pe and technically. then you want to look to something like that for the catch up trade, so a microsoft or apple at these price, you know that you've got a dividend there. you've got the quote unquote good balance sheets, so i can see why people are buying. >> are people convinced people are giving up been working in terms of defensive and yelding stocks such consumer staples? >> two days. >> right. is it too early to say that maybe tech is is next? because it's only been two days and drawdowns. >> if wrour going to believe the

breakout, the s&p 500, you need to see the broadening out of the rally. that brings you to names you were just talking about. i'll extend to nike, starbucks i think a lot f people who watch this show own stocks. of companies that they know. products they use that they think add value and this and that or what have. so a lot of those name, we just talked about. google, apple. starbucks. nike. you can play hallelujah all you want at the start of the show. i think owners of disney, of an a l, don't feel that way. and so, you know, the thing to pe me, when all those companies gooif guidance in april, the dixie was a few percent lower. i don't know what happened as far as growth expectations, who got all excited. >> the recession you were calling for six months ago didn't happen. all the things has been saying pre, seriously.

>> what i've been saying simply is that we have been in an earnings recession. that's a fact. and if that doesn't materialize, we don't' us reemerging. remain in earnings. >> dan's right about the earnings and we aren't seeing the same kind of growth we need to see. also, the expansion and mr. wonderful talking about this. the expansion of pes. when you look at the names that have been performing, utilities, i think too much and that's why i think we're going to see some out of those. >> expansion of p pe is one of the most ridiculous terms wall street has come up with. all it means is somebody's willing to pay a higher price stock. you know why? because there is no alternative. it's the mostry lick douse rally ever. that's been story for the last six months. be clear about this.

you're right. you're right. it's been an awful run. to meet -- >> compared to gold and silver and treasury bonds, come on. >> and time warner and -- >> still well off. up 20%. >> all right. 8%, i'll pick it up. >> you're telling me 1650. >> the other point is that other areas in the market have become so expensive. people believe you have to be in stocks theirs is going to be -- >> it's a forced rotation and i understand what you're talking about because you're right. i think some of that does make sense, but that's why i think people are getting uncomfortable with the utilities trade and telecom trade, you start to look at tech and these names like a cisco. where is the multiple of cisco? we're talking about a 12 or 13. >> pete and -- >> no, that is not true. we're going the talk about that,

but a lot of these large cap megacap name, they are -- >> there is growth. their multiples are higher. >> it makes no sense, but what is is it telling you guys that best performing, 20 growth right now. no growth in the clould world. >> depends where you're looking. >> i'll look at names that feed into the cloud and you look at the names like somebody like cisco who feeds into that whole world. look at amazon, who has aws. there are names involved in the cloud space right now. sales force has an incredible multiple, but the growth factor is allowing the stock to move to the upside. that's why we're seeing consolidation, but the cloud space is where -- >> i mean, whether it's warranted or not, we know there's a lot of growth in aws, 10% of amazon's sales. we know there's growth in sales force, but those stocks new york city way of thinking about it any other way. they are a bubble in terms of valuation. we're talking about s&p that

trades 23 time or whatever. these stocks trade it multiple. >> is intel a bubble? no, so have a ball. we're going to get to this. own your intel, your cisco. get that 3.2% dividend yield. the earnings. it's not a lot of -- just remember, those stocks are up 25% from their lows. there is risk to the i understand line. >> to get righteous about fundamentals doesn't do you any good. coors is up 25%. coach. both are u bik wiitous now and try to grow too fast. it was a huge opportunity. casinos are up 20%. >> half last year. because of fundamental issues, so don't tell people out there you're not doing them a service to get righteous about fundamentals. >> no, i said get right about the market. >> i said you get righteous about fundamentals. >> if you don't want to be

righteous about fundamentals -- own the two years, ten years and own the s&p and have a ball and don't care about fundamental or valuation. if you're watching this show, i suspect you care about stocks. >> nice to hear you elevated on a night with all time highs. it's usually when the market's going lower. that to me is where people should be. the bottom line is we've broken out to new highs and that's i think is is the pain trade. today was a get shorty trade. >> regardless of whether you think tech will go higher, what are the tech stocks you would buy in today's market? dan, i would imagine that despite all that, you said, there are couple tech stocks you like. >> so, here's one that i've talked about before. i like a name like paypal. i think it's an interesting stock. i think there's interesting secular things going ong in e payments. the other is a jd.com.

and china because i believe if you think that the global economy we're getting a reflation trade that's going to happen, there's nothing that tells me this, that's a name that benefits. >> tech. >> in tech. i tell you what, i think big cap tech first of all is now in a place where u through the end of the quarter, year over year, quarter over quarter, you're going to start to see comps that are easy to beat. so what's going to matter and this is something we'll probably get into later in this show. but the reality is that companies don't have to do much to send stocks higher. >> well, i'm not that excited. just put it this way. i've said this before, i'll continue to say it. if you're buying into tech and dividend stock, you just need to know you're buying into a bubble. doesn't mean it can't go higher. bubbles go on for a long time. so i would rather look outside the u.s. to me, what happened in japan over the last couple of days could be game changing, look

towards ja fan. >> could dow 20,000 be closer than we think? it may not be as crazy as it sounds. rich is at the smart board with the three stocks that could get us there. >> like flo rider says, open up the champagne. post brexit buying continues. looking at a weekry chart of the dow industrials. it on cures the kre cent strength. up 7.5% since that brex ut alone, but more importantly, we look at this multiyear trading range here. you've got a breakout to a fresh mu all time high from an almost two year trading rate. within the context, we see this little flag. now, it's about 2,000 points from 16018 we take the height of that and project it out. if you want, it can get you to 20, but that's not the call i'm here to make today. start at the top. exxon mobil. second best performing stock in the dow. up 22% year to date. have your cake and eat it, too. you see the 200 week moving average. gave you the high on the break

below and give yos tu low. clear trend reversal. 3% dividend. this is efg you're looking for. now, we move to apple. little bit of tails here, we're at the bottom. third worst performer, down 7%. samsung, big competitor. up 16%. what's the problem, apple? sitting here tat 200 week moving average. you're still 25% off the high, so in theory, the ndx is flat on a break jut to the high, so that's a bearish divergence and apple bears with the outperformance in samsung, so, we're worried here. on the next page. goldman sachs. we know that the dow is a funky index. this is is second biggest weighting. it's a $60 billion company. apple, exxon. five, six times the size, but yet this is the big boy. goldman sachs, double bottom here. it's not a good chart on the

surface. still in the down trend. below the 200 day moving average. 83% of stocks and the dow we're above. when the zekd biggest stock in the indeck is the worst we are forming, you have a problem. just to sum it up, could this be a double bottom? sure. if it's the double bottom in japan, european banks, yields, sterling, in you aeuro, sure. then we get to 20,000. goldman sachs, once again, open up the champagne, but we're a long way from those things coming true. >> so you don't think investors will be singing hallelujah about dow 20,000 anytime soon. >> if i start singing, you'll never have me back. for the time being, let's watch our global markets. just sort of keep our heads about us here. break out to a new high. let's see how the week closes, see if we can string a couple of consecutive weekly closes at a high together before we break out that champagne. >> thank you.

just be clear, the dow is priced, that's why we're spending so much time here on goldman sachs versus market cap weighted on the s&p 500. >> one of the more interesting things, what did we see in the options world. >> we're doing it later. >> that's a tease. wow. >> later. >> but on a name like exxon mobil. it's up 25%. why you buying it after the run? i don't get that. for me, i'd rather buy something the add space. potash or mosaic. it's up 25%. isn't that what rich just said? buy it up 25% or when it comes back 10%. . >> ultimately, you're in a place where low yields are not something that just happened, by the way. we've had a 2 p% ten year or below for 40 to 50% of the last five years.

that's something where you have people moving to an exxon. not saying it's a smart move, but to say it has to be unwound is to say that all of this money is going to say -- >> it's a trading show. up 25%. traders generally don't buy that. >> coming up, earnings season kicking into high gear, but ubs says don't sweat it. why earnings can't ruin this rally. plus, here's a question. would you rather own a stock with a 3% yield or the same company's bond with a 3% yield for the next 30 years. the rally in bonds, it's not as odd a question you might think and amazon shares hitting a high. did we just witness peak amazon? we've got the details. muchl more straight ahead.

welcome back. time for the move of the day. more than performances in the session. since 2011. this comes as deutsche bank recommended buying delta, shares of those today. american gaining more than 11. delta --

>> traders are investing, both on the show and when it comes to airlines, this couple of day ago. i was and out and bottom line. the information from all these guys, you're betting -- very bullish for them. you have a lot of different things, but it's getting -- i think they will -- >> blue. domestic it's down on the year. jet blue should be all right.

>> some things up 20%. is that right? >> buy low and sell high. >> sell higher. >> wasn't there a book. all right. and delta. huge buyer today of the upside. >> i just generally don't find airline stocks that interesting. >> what do you find interesting? >> buy low and selling high. bullish enthusiasm stocks a year ago, it was just amazing and it was convincing argument that they found religion, as far as discipline and pricing and capacity and they didn't.

the stocks were just at multiyear lows. i don't believe that global reflation trade. i think you want to avoid names that have international exposure. jet blue is down 20%. southwest airline, it's unchanged. that's the one you probably go with. that has the best trailing earnings growth and projected earnings for the valuation. >> coming up, we're going to find out what dan likes. still ahead. >> a short block. >> retailers thriving in amazon's world. the former ceo says retailers are making a major mistake by focusing too much on online sales. i'm melissa lee, you're watching "fast money." here's what else is coming up on fast. >> with earnings season just around the corner, ubs has a simple message for investors. >> party on, dudes. >> the head strategist will explain why stocks are going higher no matter how earnings

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welcome back. the hunt for yields continues as bond yields around the world sit near record lows and that's presenting an spresing buying opportunity in equities. breaking it down is a man who's never on the hunt. always on the proel. cnbc's dominic chu. >> well, melissa, i'd say i'm on the hunt and prowl at any given

time. but when it comes to the yield story, there's an interesting one playing out. a handful of america's bi ee's companies cannot only borrow rates for a long time, but also pay out above average dividend yields. maybe one act helps the other, maybe not. check out some of these companies. take a utility. power generation. exelon. the yield is 3.5%. meanwhile, it's 30-year debt is around 3.8%. interesting story there. same with telecom giant, at&t. dividend yield, 4.5%. 30-year bold yield, 4.2%. even a tech giant, ibm carries a yield of 3.6% on its 30-year death. there's no doubt we're talking apples and oranges or stocks and bonds in this case. a strategist notes not anyone with just choose one or the other. you've got retail traders and

investors. they may have the luxury of doing that sort of thing. an insurance company that must fund long-term pay outs is locked into buying bonds. he said the number is smaller than you might think. any way, we live in an ultra low negative swrinterest rate worldd that means some may need to make hard choices about where to deploy capital. >> thanks so much. so, let's play our favorite game. would you rather. in this case, we're going to ask would you rather stocks or bonds and more specifically, stock, share of a company or the bonds of the company. so, dom's going through exelon stock versus bonds. looking at the yields. et cetera. so, we'll do that. >> company by company. >> yes. >> no. >> naming -- >> in general. in general. >> very dichbtly about exelon than i do at&t. >> utility sector could be so

different than 30 years. just saying. so, sorry to throw it down. >> okay, is there an instance where well, this is -- >> now, it's -- i screwed this up. sorry, efb. >> in general. one of the things, so do i do this now? >> for the next 30 year, would you rather own stocks, shares in a company or the bonds of a company. >> i would rather own the bonds of a company and here's why. because in the next 30 years, i can guarantee you, there will be a recession and i can guarantee you, stocks will go down. so i would much rather buy bonds, knowing i'm going get that yield, and that it's going to be less volatile for me and then when i've made that money, i'll switch into stocks at the right time, but i'm not going to be buying anybody's stocks at all time highs. zpl i'm going to echo that for an entry here and do bonds.

if you think about where we are as far as stocks are concerned, we know a lot of these yields haven gotten fat and look attractive. there's a look at the understood lying fundamentals, so bonds when you get some sort of sell off on a long-term. >> these are good things to think about. specifics now. at&t. at&t. the stock or the bond of at&t. >> i'd own the stock. at least at these levels because i think we're in a place where let's be clear, investment grade, sorry. i'm frowning because i agree with bk. just to be clear. it's this, it's that, a fundamental argument period. if you're talking about at&t, in

this environment, as much as i think lower for longer, i think at&t investment grade bonds are trading tighter than they should at this point. there are many people stuffed into those bonds. if anything, i'der rather on the stock. >> your white board agrees with efb on the desk. >> i'd le to point out something. 30 years to me, that is an eternity. >> two years is an eternity. >> so, because of that, but give whan the game is, 30 years, it's going to be bonds. i feel like the research and work that doi i would much rather most of the time, be in the equity excel. >> why didn't you draw a picture? >> sorry. >> didn't want to do a frowny face? >> still ahead. >> i'm sure that was an art form. >> loosely. stocks at fresh highs today. ubs' head of equity. another 16% before the end of

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all time highs since may 2015 and nasdaq settleded its highest levels since december. amazon prime day threatening the health of brick and mortar retailers. what can they do to keep up? plus, energy stocks up 16% this year, but that's not compared to where one trader sees it heading. we'll take you behind the bet that the surge will continue, but first, we start off with markets. season getting into full swing. what can investors expect? bob pisani has the story.

>> it's another earnings season starting in the red. second quarter would be the fifth quarter of negative earnings growth. the worst showing since 2008 and 2009, but don't worry, analysts are expecting earnings to turn positive in q3. only four of ten s&p sectors will going to be positive, but that's expected to double to eight in the third quarter with gains in technology, industrial, health care and financials. here's the issue. a lot has to go right the get rid of the earnings recession we've been experiencing. besides some improvement in the global economy, what will matter is the dollar, interest rates and oi. a strong dollar could influence earnings and continuing low interest rates could be a big issue for many fbl financials and the stock price is closely correlated to oil. so improving earnings depends on oil going up or stabilizing. now, this could happen, but getting it all right on top of an improving economy, it's a lot

to ask. one final point, it's very unusual to have the markets hit new highs after so many quarters of earnings declines. the previous s&p 500 highs, remember that in 2000 and 2007, they were ahead of earnings recessions, but this one is coming after an earnings recession and i think this is an indication of stimulus on the markets. >> thank you. for more, we're joined by julian emanuel, who sees the markets going higher after this earnings season. good to have you back. >> great to be here. >> s&p 2500. >> to be clear, that's not our base case. we're calling for modest gain, but when you step back and look at the action the last couple of years and particularly in 2016, people have consistently underestimated the potential for upside volatilitiful that's

where we were in february when the market rocketed higher. and what we think is going on now is this con fluns of a low rate environment along with the probability of an earnings recovery 60 to 70 points getting paid s&p 500 dividends to wait for that earnings recovery is a compelling case. >> so, in terms of q 2 and where we are now, because earnings season is coinciding with these record highs, walk us through what you see happening with earnings and therefore, the markets. >> sure. as bob just mentioned, they're going tok down. but essentially, it's something that we're looking past because basically, the expectation is the tail winds of fx moderating. and the return to plus two. and basically, the story is

commentary, the volatility, both in europe and the u.s. are not going to be an issue and we're going hear that from quality companies, companies that actually grow their businesses that have solid financials, household names. >> my problem isn't that i think companies and earnings, very, very low bar that's been set, i think if the world can replate like you're talking about, the fed going to be so quickly back in the picture and going to change the interest rate dynamic. the market will get ahead of you. i like everything you're saying, but itch trouble seeing that peft goldilocks. >> i think the fed has proven since the days of chair bernanke, that basically, it's going to heir on the side of ease. when you look at the run up to the uk referendum, they basically went back and forth and warned on the external threats to the recovery trajectory. what we're actually seeing now is what we want to see.

the long end, and that's going to help sector rotation. health care, technology. >> thank you. your thoughts. >> my thought rs a lot of things. i go back -- but hey, listen, i could be wrong. surprises me every time. >> something real interesting, said bernanke chose the side of ease. deflated and then burst very hard, so to me, what i think is danger is, if you have some sort of low rate induced risk asset bubble in equities, the higher we go, the harder we're going

fall and we know that the last two instances, the s&p got cut in half. >> julian's talk about also we have another quarter of this cycle. the guidance for 2017. the resources sector -- commodity prices are, they went through more than a year ago. i think they will outperform. they are ripping the cover off right now. a lot of short sbes route there and the earnings are going to be good. >> david was on today and was really interesting. what he had to say, hey, look, there's a lot of options that we're using now at these levels, so they're taking money off the table. stock allocation, but they're still in the market. >> stock relace placement strategy. >> the smartest move you can do. >> up next, clicks versus bricks. sitting down with allen quester on how traditional retailers can

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traffic for amazon remains strong and that could be good for mull principle players. courtney is at headquarters with the latest. >> as the saying goes, that looks like it could be the case. retail on prime day, there's a memorable spillover effect. though according to commerce advertising firm, it's not as big as it was last year for other retailers. the firm says last yee by this time, traffic had nearly doubled over a typical day. right now, it's up about 11% over a typical day, but hook lodgics expects it will increase into the night. but what's more financially significant is the convergent rate, the number of shoppers purchasing is up 50%. 48% over prime ta last year. again, this is for nonamazon retailers. now, walmart kicked off the week with free shipping on efg through friday. also propping up shipping pass membership to directly compete

with amazon prime. slice intelligence data, which comes from over 4 million shoppers receipts, shows walmart could get a boost this year on amazon's prime day last year, walmart generated 3.5 times the average daily revenue by counting no gimmicks. to get those prices. this year, walmart is is offering free shipping with no minimum purchase for the entire week, so we'll see if it can best what it did last year, but it is very interesting that this amazon effect is helping perhaps rather than hurting some of the other retailers today. . >> shares of amazon, comes at the expense of manying brick and mortar retailers. in response, should they refocus their energy on reviving stores across the country? our next guest says yes. former ceo of j.c. penny.

great to see you. you actually say these guys, these i was going to say big box, but these department store guys are spentding too much money on yoin line. why is this? >> i think they have to have online, but my concern is that they've taken money out of the bricks and mortar side. that's 85% of their business and it will continue to be the dominant part of the business. and when you take the money out of keeping those stores up to speed and what needs to be take care of customers in those stores, it will only detract from what they to. the internet business has every added oth total volume. every time you add a customer on to the internet, it's one last time they come on to the store. now, i'm not against the internet, but you have to make stores exciting an you have to have great service in the store to take care of the customers and when it's exciting and theatrical, they come back into

the stores and i think they have done less than a perfect job of that over the last five to six years. >> you're also saying they need to connect with the next generation of shoppers. >> clearly so. and all merchants have to understand who their customer is. i understood the baby boomer, maybe the x generation, but the my len yal is a different customer. now, it's difficult for a 70-year-old guy or gal to do that, but that's why you have to have young people who are interfacing with those people so you understand what their needs are. a merchant has to cater to the needs of their current customer. that's what's missing, we're really not saying what do we need to do to make them happy. so far, they haven't been as quick to come in, but they are changing. you look at the stores dealing with them. i think restoration hardware is doing a good job and now they're starting to think about buying a

home instead of just an pormt as they get older and have children. zpl going to leave it there. great to see you. thank you. from beautiful aspen, colorado. gorgeous background. if it's real. any way. in terms of trading, looks so nice. is that an actual shot? any way, retailers and amazon, courtney was going through the purchases. it's all about prime. if they get x number of new members. >> this number has nothing to do with sales. even though they're incredible. it's all about trying to get the prime membership up. there was a debate today that was talking about what the real numbers might be in terms of how many they have on prime because for a long time, they didn't talk about that. the one thing i'd want to know from allen, so if you're just holding on to the numbers, if they're not adding, wouldn't you u be losing those numbers if you're not participating?

i think that's the problem he didn't maybe fully understand is if they don't have the online presence, then that means probably less people are going to be coming. >> but they need to invest in the stores. at some point. exactly. zpl and best buy has a pretty good model on that. >> it's theatrical in a good way. >> if you go swoo a best buy -- really? they've got all the stores within the stores. plenty of people to help you. it's like going into an an principle store. maybe you went into a dichbt best buy. the store and the stock. let's keep it there. >> the key to what he's saying, these guys aren't losing their shirts necessarily to amazon. their online business is growing and becoming a big part of the sales. >> come up, check out shares of juno therapeutic after it was given the okay to resume a crucial clinical trial. we'll sit down with the ceo in an exclusive interview. for the car you want, rch

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welcome back. news here on this lawsuit that involves some of the most well-known connected vcs here.

brogan who was the cofounder of hyper loop one, this futuristic transportation system had filed a lawsuit against his old partners including sherman and joe in which he alleged cronyism and -- they say the lawsuit brought by former employees of hyper loop one is unfortunate and delusional. they tried to stage a coupe and failed. they knew the company was awaur of the actions. the claims are pure nonsense and will be met with a swift and potent legal response. now, in reto that, the lawyers have responded saying the company statement long on rhetoric and short on facts. the company's spin is belined by the facts and kronology of events in great detail in the plaint. plaintiffs and other top

employees approached in may with proposals to set the company back. hyper loop one as you guys know, a company that generates a lot of headlines and money raised nearly 1 is $00 million. >> thank you. shift toging to shares of juno therapeutic, we're watching them surge. meg, take it away. >> thank you so much for joining us on such short notice. >> nice to see you. >> so, we want to ask you of course about your timelines now. it was only on thursday you received the news your trials had been halted and at the same, you said that was going to push out your potential approval from a year to 2018. does this in just a few days, change the timelines back to 2017 potential approval for you? >> we're going to give an update on that in august on our scheduled conference call. we still need to work through the changes we need to make at the site.

so, in a few week, we'll be able to be sis about timing. >> does the speed with wh ch the fda turns this around, mean the confidence the only issue due to the addition of this chemotherapy? how confident are you that was the problem and by returning to the original protocall, you've removed the safety. >> our view was that this was not caused exclusively by is second chemotherapy. it's a combination of the strength of chemothey are thira the cells, o those two things we think caused the toxicity. what i can say about fda is i think all they're interested in is figuring out what the best thing to do for patients is and they review the data carefully and come into their view on what they think the right course of action should be. zpl i understand the reason you may have added the chemotherapy

buzz because it was going to help the efficacy of the treatment. is there a concern that the treatment might be harmed by taking out this therapy preconditioning treatment? >> so, if you think about the phase one experience we've got with jay car 15, it looks like promising. when you look at the data that memori memorial, about 35% of them got into a general remission with -- preconditioning alone and we think our chances of replication are pretty good and if we do, i think that this will be a really important advance to patients that have got really poor options today. now, our goal is to to do better than that over time. we have another candidate for jay car 17, which got good experience with. th both of these.

continuing to develop that and we hope that we can actually do even better than jay car 15 over time. >> well, it sounded like there was some confidence knock nd the entire sort of approach this new form of immune know therapy. how would you tell investors to think about the pace now? it is an early therapy, but is this just a blip in the road or how concerned should they be we figured everything out? >> losing patients on the clinical trial, always more than blip in the road. tas sobering experience. we're clearly figuring out how to best use these potent therapies. this promise of them remains unchanged and serply, our goal is is to figure out how we can quop cures for these patients that have f got such poor choices today. certainly we're going to continue to work really hard achieving that goal. >> thank you so much for joining us. we really appreciate it. especially on such short notice today. >> thanks. nice to see you, meg.

>> meg, the reason we saw the stock fall precipitously when the fda halted the mid stage clinical study on the two patient deaths. we saw kite pharma also fall and in the after hour session, we're seeing them up by about 9%. how are investors taking is this. >> i think people are surprised on this one. juno said they were going to respond to the fda's request within the week and they had up to 30 days to respond, so this is less than a week since this happeneded. i think everybody's surprised and happily surprised by the speed with which this is going. >> ten seconds. any trade on juno. >> this is a true bio tech in the orlando world of bio tech. you were waiting on your drug and if you get approval, then it's off to the races. >> giddy up. >> thank you. coming up next, final trade. i'm here at the td ameritrade trader offices.

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