amgen's break through that could drastically reduce heart disease. $1 trillion.hy americans are borrowing more money than ever to pay for the new ride. that and more tonight on "nightly business report" for thursday, may 19. good evening, everyone. i'm sue herrera. tyler matheson is on assignment. stocks and a familiar worry pressuring the markets. there is growing concern a federal reserve interest rate increase could come next month and weigh on an already struggling global economy. it crept into the market yesterday and remained there today, pushing the s&p 500 into negative territory for the year. by the close, the dow jones industrial average fell 91 points to 17,435. it had been down nearly 200. the nasdaq was up 26, the s&p 500 lost 7. domenic chu has more on today's slide. >> a fresh round of worries crept back in the markets as traders continue to digest headlines from the federal reserve and key earnings reports. the weakness comes a day after the fed left the door open for a possible interest rate increase next month and earlier today new york federal

amgen tour kicking off, like we said, in just a couple of hours.sten klein here, president of amgen tour california, it's got to be great coming back here to santa rosa. >> we love coming back to santa rosa. i still remember the first time that we came here. it was a moment of truth for the amgen tour of california in aeg. we knew we had something special. everybody was lined on the finishing line and parking garages, pretty unbelievable. >> reporter: absolutely. the racing already under way. the chairman's tour, tell us about that. we saw the racers taking off, not the official competitors, but really able amateurs, right? >> you know what? they are cycling enthusiasts. every year we identify a stage that we want to have a ride with all of our partners, so it's a great opportunity for everybody to get together. we have boyd, an official ambassador of the amgen tour of california. cycling really brings people together. >> reporter: absolutely. the women's tour kicks off in just about an hour. where we're standing right now is going to be action cen

amgen bought this company for had $400 million four years ago.nced the genomes of a lot of the people in iceland. they identified a gene that now they discovered that mutations in this gene confer to what look like a much lower likely hfd getting heart disease or a heart attack in people's lives. and so they did all this sequencing research and what amgen now is going to do is take this target that they've identified and develop a drug to mimic the effects of that mutation. essentially, these people in nature just exist with a lower heart atass risk. amgen is going to try to create a drug that will give you the lower risk, too. >> specifically, it's a 34% lower risk. it's a sizable amount in terms of how much your risk is transferred. that is a year in life. >> yes. this gene is shown to have an infect on cholesterol and on heart attack. of course, we know there is a link between cholesterol and heart attacks. they found that effect on heart disease and heart attacks is bigger than you'd even think would be there because of the cholesterol effect

amgen is at $31 billion. pfizer at 23 billion dollars. we will see who will prevail.f names mentioned, too, that were not in today -- hyman, thank you so much. it is time to check in with our colleagues in canada where firefighters are fighting a wildfire. alix: canadian prime minister justin trudeau said that there is no need to accept international assistance for the fires. pamela ritchie joins us with the latest. what is happening right now? , there wasyou heard glad a mere putin's offer of lending some water bombers. the trudeau government has not responded to that -- they just have. we see temperatures a bit cooler today, even a little light rain over the weekend, and generally winds moving away from the town of fort mcmurray. the overall optimism for firefighters and water bombers is they might get control of the fire. it is expected to burn for weeks, as you probably know, but the control is lending a little optimism to the story. alix: how quickly can oil producers get back to work and restart production? pamela: the discussion today, the reports from ihs, mac

how amgen could use that information to create a blockbuster drug. and we'll go live to charles de gaulle airport in paris for the latest on the missing egyptian airliner. you're watching cnbc, first in business worldwide. ♪ ♪ (singing) you wouldn't haul a load without checking your clearance. so why would you invest without checking brokercheck? check your broker with brokercheck. my m...about my toothpasteice. she eveand mouthwash.ice... but she's a dentist so...i kind of have to listen. she said "jen, go pro with crest pro-health advanced." advance to healthier gums... ...and stronger teeth from day one. using crest toothpaste and mouthwash makes my... ...whole mouth feel awesome. and my teeth are stronger too. crest-pro health advanced... ...is superior to colgate total... ...in these 5 areas dentists check. this check up? so good. go pro with crest pro-health advanced. mom's right...again! man 1: i came as fast as i man 2: this isn't public yet. man 1: what isn't? man 2: we've been attacked. man 1: the network? man 2: shhhh. man 1: when did this

also landed an executive from amgen, which is a big biotech. a good person for them to have on the board because he has operating experience. that is something the company needs right now. emily: the sec is investigating david as well as federal and state health regulators. can they overcome this? david: it is hard to say. it does turn out that one drop might not change everything. they have not really owned up to that. one of the things i find tragic about the story is that for all the criticism and questions, elizabeth holmes has not directly addressed them. all she did is come out and say the same things. i cannot really tell you, but it works and it is going to change the world. ultimately, that is not sufficient. it is sad to see a company which seems so promising brought so low. yet where is it today? we do not know who they need a new coo. that is for sure. what people want to see is the data and they have not provided that yet. they have not provided evelyn's -- evidence that the technology works. >> they say they are going to. emily: b

. >>> what a sad tory >>> the amgen tour of california is going out. the women started in reno and will finish in sacramento. >>> one of the women who raced crashed, suffered a traumatic brain injury, made worse when she crashed yet again eight months later. >> but she's back and biking again in tahoe ready to begin the amgen tour. allison, people would say, after all these injuries, you are back at it. i don't know that you will ever stop cycling, are you? >> i hope not. i learned that cycling is a lifetime sport. you know those views out there, each in the oakland hills and all over, a beautiful place to right. but with that introduction, sounded like i needed to learn my bike. >> has anyone really gotten in your way and say, you should not be riding anymore for the safety of your health? >> i have taken the necessary time off, taking a half season one thunk i learned through injuries is being patient and realizing in times of injury, that, too is a gift. embrace everything else that you may be missing out while traveling and enjoying life. >> alliso

. >>> today is the start of the first stage of the amgen tour of california.e 11th annual cycling race. the demanding 8-day course covers hundreds of scenic miles throughout the state. cyclists start in san diego today and they will make their way up to santa rosa next saturday for the seventh stage. santa rosa will be the only bay area host city this year. the amgen tour will also feature a four-day, four way women's race for the first time and that that's thursday, may 19th. >> knew this morning, pictures of mrs. curry cooking up some special dishes yesterday in the north bay. sunset magazine celebrated it's newly-opened outdoor kitchen and test gardens in sonoma. she was one of the featured presenters. thousands of people came out to see her demonstrations. she is an accomplished chef who just announced last week that she's teaming up with chef michael maynard at his test kitchen in san francisco starting next month. she's a busy superstar there in her own right. they say steph curry with the shots, and chef curry with the pot. >> cute. very cute. and the k

this is coming out of amgen.y big data and sequencing in iceland and they identified a gene mutation that confirms a 34% lower risk of heart disease and heart attack. and now what they're going to do is take that target and develop a drug targeting it. this is very similar to how they develop most recently approved cholesterol drug. and they say that this is an underrecognized part of amgen's pipeline. investors should be putting more stock into this. >> decode is just getting started, that unit. in theory, more and more people are mapping the genome. you'll have more data in the future and more of the genes can be identified. this is the tip of the iceberg. >> definitely and something we're trying to do in the united states through the precision medicine initiative, sequencing more healthy people. >> in terms of amgen, how much of an advantage do they have by having identified this drug through the unit decode? >> you might think they'd probably be a little ahead of the curve having identified and now only just

this is the 11th annual amgen tour. it began last sunday in san diego and has made its way through santa barbara and heading north. today's race begins at 8:00. the tour ends tomorrow in sacramento. >> we have some weather changes on the way. here's meteorologist lisa argen. she's tracking the conditions where you live. hi, lisa. >> good morning to you. you are right, the cool weather continues. we are going to add in a chance of showers today, maybe even a thunderstorm. it's a 1 on our storm impact scale. we've been rating the storms from 1 to 5 all winter long. the end of may we are still bringing it out. we could see anywhere from .01 to .015. a lot of cloud cover now. showers around monterey. if you are headed along the central coast, even davenport could see some showers and they could be likely around the bay today. in the sierra nevada a little bit of light snow flurry activity. this is the system hats impacting us. it's in obviously extreme northern california. but as it slowly treks to the east, that's why we h

i was in santa rosa this weekend, and the entire town was blocked off because of the amgen bike race. i could not get to where i wanted to go. 47 palo alto, 45 mineral park, 51 hillsboro and pacific up. -- and pacifica. the sierra had a wild day friday and saturday, and that could pick up after that quite day. -- quiet day. this activity off of the coast, the source of the low coming down, and this is off the coast, and holding more moisture. we will keep mostly cloudy and the possibility of light rain or light shower activity mainly to the north and east. that appears to be the trend of the system, but a lot of cloud cover through wednesday. a little bit of precipitation, but not much. ukiah in sacramento will get more than us. mostly cloudy and breezy it time. 60s to the very low 70s, and the bay locations running below average, but the inland temperatures are well below average. mostly cloudy and a few showers, monday and tuesday, lifting on wednesday and little bit better on thursday and friday, and we will not see the above normal temperatures for a while.>>> the water temperatur

. >>> in el dorado county that amgen tour of california took off today in folsom. it is the only time trial in the to work with prior starting one by one on a toll plane six mile race. he took top honors for the men today. team 2016 right by kirk won the women's division. the race mixes only bay area stop tomorrow starting and finishing in santa rosa. >>> a family who lost everything in that massive wild fire is in the bay area to see the sharks playoff game. his family arrived today. they lost their home at the beginning of the month grabbing only a few items. that included their five sharks wonders. the foundation heard about this and flew them to san jose for game for tomorrow. >> just speechless. there is no other words to describe the feeling. it is unbelievable. >> the family will get the full vip experience including high- fives for the team when they come out of the locker room and brand-new gear. >>> the calendar says may 20 but it is more like winter for people traveling in the sierra. snow has been falling for much of the day. they have chain restriction

if you look at the pfizers, amgens, everything got smoked. it was just a de-risking across the board. if you go to the bottom tranche of that, those are the names that are actually fine in the morning. there really wasn't any movement. they were flattish on the day, if not up, which suggested they were probably short. so i look at the space and say, we are at a level right now where there's been a tremendous amount of de-risking. the hedge funds are taking stuff off. look at large cap biotechs only. small names, very small cap names that had a year or less in cash. walk away from or you can basically stand there and sell them short with both. >> what will get investors to take a look at the multiples in the pipelines and start investing on fundamentals. you did make the case, actually, a month ago? >> but there needs to be a big acquisition. >> will it remove the fear about drug pricing? >> allergen getting the -- >> we still don't know how the valuation -- >> these were valued on a different pricing mechanism. >> not necessarily. >> well, th

he sold over 6 million shares of amgen. meanwhile, not much love for a souring apple. apple management exited its stake entirely in bridgewater. cut its exposure. bridgewater cut holdings in embattled retailers including bed, bath & beyond. macy's increase in position, apologies for that. finally, interesting note on the beaten down pharma stock valeant, they had a filing of nearly 1 million shares in the first quarter. it turns out that according to someone familiar with the matter, he has already sold those, melissa. a short-lived burst of enthusiasm. >> kay kelly, thanks for that. this is on top of developments we learned earlier today. >> yeah, i mean -- >> where are you in terms of these trades? >> in general, what it tells you some of the biggest players are at least taking profits. maybe they're not as bearish as b.k. i think the apple exit is interesting. >> it tells you also that there's a lot of action together. i'm not saying the guys are doing the same thing. frankly, if i get a lot of news that people like appaloosa is out of the names like apple, it's not

. >>> coming up, final days of the amgen 2016 tour of california wrapped up in sacramento. >>> also thegame sweep. intromercedes-benz c-coupe, redesigned with its athletic prowess and sleek new body. it doesn't just raise the bar... ...it completely crushes it. the all-new c-class coupe. mercedes-benz. the best or nothing. >>> the fox 2 weather report brought to you by orchard supply where. -- hardware. this series was a struggle for the a's. >> not good times for them right now, just a very short time ago not time -- not good times for the a's. earlier they had won four straight games. buddy gray joining josh reddick on the disabled list. the a's trying not to lose yet again this afternoon to the yankees. jesse hahn had given up a home run in the second and gave up another one here, jacoby ellsbury really gets all of one, that ball well into the seats in right-center. 2-1 new york. the a's got something going in the fifth against michael pineda. slices one down the left-field line, brett gardner will get there. kelenski and billy burns both score. 3-2 lead. there were only able to keep

amgen, biogen, some of the stocks that are well off of their 52-week highs versus the ones i just mentionedpercent from the 50-week high. pain there's a catch-up trade. >> how much of a weight is biotech? >> that's what's so interesting. traditionally, the real key here is traditionally this is a defensive area of the market. right. biotech has skewed all that. in terms of the -- in terms of what's important here, the top is the big pharma names. what does act well, devices act well, health care facilities act well, managed care, so forth. you need a little bit of play from some of the big biotech names and this thing can -- lift. >> some of those companies actually, if you're taking a look at what the valuations look like, those are actually the cheaper names in the group right now. the big cap names you're talking about, johnson & johnsons, 22 times multiple names, actually gileads and things like that are trading in the mid-teens and have much more growth potential. from my perspective, they don't present a great deal of risk to the group but offer a good potential tailwind. >> is part o

i think there's potential for some of the other names to play a little bit of catch-up, amgen, bio jenthe stocks off their 52-week highs versus ones i just mentioned that are a few% from their 50-week highs. >> how much of a weight is biotech? >> that's what's interesting. traditionally -- the key is traditionally this is a defensive area of the market. biotech has skewed up a that. in terms of what's really important here, if the top is the big pharma names, devices act well, health care fa sill tiz act well, managed care, u in h. you need a little bit of play from some of the big biotech names. >> some of those companies, if you're looking at what the valuations look like, those are the cheaper names in the group. the big cap names, the johnsons and johnsons, gileads and like that trading in the mid teens and have much more growth potential. from my perspective, they don't present a great deal of risk to the group but they do offer a good potential tail wind. >> is part of your premise biotech has found some sort of floor? >> could be. i think it's really interesting. we've been talk

stage five of the amgen tour going from lodi to south lake tahoe. teep trial tomorrow in folsom and santa rosa saturday. it's good to be a leader. abc7 sports brought to you by orchard supply hardware. >> thank you. >> join us tonight at 9:00 details on the resignation of san francisco police chief greg suhr and mofrs are reacting to the sudden change. >> at 11:00 dash cams are hot new accessories for cars. michael finney explains what you need to know. >> here is a look at what is ahead tonight on abc7. at 8:00 it's the season finale of grey's anatomy and abc7 news at 11:00. >> that is going to do it. >> we appreciate your time. we'll see you at 9:00 and 11:00.

stage five of the amgen tour going from lodi to south lake tahoe.nd santa rosa saturday. it's good to be a leader. abc7 sports brought to you by orchard supply hardware. >> thank you. >> join us tonight at 9:00 details on the resignation of san francisco police chief greg suhr and mofrs are reacting to the sudden change. >> at 11:00 dash cams are hot new accessories for cars. michael finney explains what you need to know. >> here is a look at what is ahead tonight on abc7. at 8:00 it's the season finale of grey's anatomy and abc7 news at 11:00. >> that is going to do it. >> we appreciate your time. we'll see you at 9:00 and 11:00. (music plays from one way or another )♪♪ ♪ i'm gonna find y♪ i'm gonna getcha ♪ ♪ getcha getcha getcha ♪ one way or another ♪ ♪ i'm gonna win ya ♪ i'm gonna getcha ♪ ♪ getcha getcha getcha ♪ one way or another ♪ ♪ i'm gonna see ya ♪ (inhales cigarette) from washington, d.c., this is "power players" week on "jeopardy!" here are tonight's celebrity guests -- she recently joined abc news as their senior legal correspondent an

they have also added a former executive from amgen, a former vice president of operations, so that isperson for them to have on the board because he has operations experience, and that is something the company needs right now. emily: the sec is investigating david as well as federal and health regulators. can they overcome this? >> it's hard to say. it turns out one tiny drop may not change everything, and yet, they have not added -- own up to that. one of the things i find tragic about the story is for all the criticism and questions, elizabeth holmes has not addressed in. all she does is come out and say the same things, and ultimately, that is not sufficient. it's really sad to see a company which seems so promising brought so low, and yet, where is it really today? we don't know. you and i talked about what people want to see if the data, and they still have not provided that yet. they have not provided evidence that the technology actually works. >> but they say they are going to, so i think that is what is interesting. it has been months. , but has been a long time they schedule

we tried to get into santa rosa this weekend, but i could not get through from the amgen bike race. it was cloudy in little bit of rain they are in santa rosa and down to sonoma. this system to the north was still give us a lot of cloud cover, below normal temperatures, and possible rain through tuesday. by wednesday this will move south and out of the picture. west southwest, and a component of the onshore breeze, southerly and southwest breeze, upper 40s and low 50s. east bay temperatures, walnut creek and 47, low 50s for any out. lafayette is a cool 46, blackhawks 49 in pleasanton 51. late in the season for this chilly air, but this system is spreading cloud cover and rain off of the coast. and you can see this low coming in off of the coast, and here comes another one down the coast. and this one is off of the coast, mostly cloudy pattern, breezy with a little bit of rain in the mix. not a lot, more north and is, but we could get a little bit out of this today and tuesday night. mostly cloudy and breezy at times, isolated showers with light rain. some breaks of sunshine, and bel

did it find a nondisclosure agreement with companies including pfizer and amgen. this is all source reporting. again, people familiar with the matter. nothing formal just yet. the reason the stock hasn't moved higher than is because this has already been in the news cycle, guys, over the past couple weeks tend of april. remember, there is -- there were talks that santafe wanted to pursue a deal to take over the company. they wanted to engage the o board and reporting coming out that pfizer was perhaps interested in the company. so, again, a lot of deal chatter surrounding this particular company medivation. we're seeing the reuters headlines today saying that possibly nondisclosure agreements have been signed by the likes of a pfizer an amgen, perhaps others in this battle over medivation shares. >> thank you. new develop. s in the sumner redstone trial. julia? >> melissa, after one day of trial, judge david you could enruling to dismiss the case filed by sumner redstone's ex-girlfriend. the judge saying that redstone's testimony doesn't z. in fact completely alt

. >>> also happening today, the amgen tour of california had race in santa rosa to begin the last two days of the event. hundreds of cyclists are competing in the tour, which has 8 total stages. it began last sunday in san diego and has made its way through santa barbara and heading north. the door ends tomorrow in sacramento. >>> we have the possibility of rain in the forecast. lisa argen is tracking the conditions where you live. hi, lisa. >> hi, chris. you are right. we are getting our old storm impact scale off, dusting dustiu have off and showing you this system could see light amounts, anywhere from a trace to .15. here's a look at live doppler 7hd with all the cloud cover this morning. nothing going on yet but we are looking at the system to slowly slide to the east. and with it could see a few showers in the bay area today. maybe even a thunderstorm. high elevations from the north and east bay valleys. could perhaps see a thunderstorm. right now looking at numbers in the low 150s. only a slight chance of that. 54 in half moon bay. with all the cloud cover temperatures certainl

. >>> today is the start of the first stage of the amgen tour of california. it's the 11th annual cycling race. the demanding 8-day course coveres hundreds of scenic miles throughout the state. cyclists start in san diego today and they will make their way up to santa rosa next saturday for the seventh stage. santa rosa will be the only bay area host city this year. the tour will also feature a four-day, four way women's race for the first time and that that's thursday, may 19th. and they will maybe just avoid that big bump-up in temperatures. >> i was just thinking that. you are paying attention. that's good. a sharp cool-down by the 19th on thursday. live doppler 7hd showing cloud cover and pockets. low clouds around the bay. the upper levels of the atmosphere have cooled, and that's why we are looking at pockets of clear sky in the north bay. also some patchy fog right at the surface. quarter mile visibility santa rosa with a mile and a third visibility petaluma. six miles at the coast. where we have the inversion we have the low clouds. from our sutro towe

. >>> today is the start of the first stage of the amgen tour of california.e 11th annual cycling race. the demanding course covered hundreds of scenic miles throughout the state. cyclists start in san diego today and they will make their way up to santa rosa next saturday for the seventh stage. santa rosa will be the only bay area host city this year. the tour will also feature a four-day, four way women's race for the first time and that that's thursday, may 19th. but today all eyes on the bay to breakers, lisa. and the weather? picture perfect. >> that's right. we will have some clouds to start out and maybe some drizzle along the coast, but by 9:00 it should be getting pretty sunny out there. live doppler 7hd. we have a couple areas of clear skies in the north bay. that's a switch from sonoma to santa rosa. elsewhere we have the low clouds and we will be looking at the visibility to be improving. here's our roof camera where you can see the warriors blue there in san francisco in the mid-50s. 58 in oakland, mountain view and morgan hill. san jose checking

pharmaceutical prices to results and right now it only affects cholesterol reducing drugs like a drug made by amgenffectiveness of these medicines on insured patients and depending on the results its originally negotiated prices will stay the same or the insurer will get a discount. >>> it is not the kind of pizza topping you were looking for! the health concerns closing a pizza parlor in one of the most crowded spots for tourists. ,,,, when josh atkins books at laquinta.com. he gets a ready for you alert the second his room is ready. so you know what he gives? i'll give you everything i've got and then some. he gives a hundred and ten percent! i'm confident this 10% can boost your market share. feel me lois? i'm feeling you. infestation.. a notice from the san franc >>> popular tourist pizza parlor blondies has been shut down because of a cockroach infestation! a notice from the san francisco department of health was posted on the powell street restaurant. it says, blondie's permit was suspended because of the existence of imminent health hazards and/or serious or repeated violation or interferenc

they covered 109 miles around santa rosa in stage 7 of the amgen do you remember. the eight day race covers nearly 800 miles. tomorrow is the final stage. cyclists will race to the capitol to determine the oner. >>> meanwhile, the warriors are also hitting the road. klay thompson and company flew out this morning for oklahoma city. they face the thunder tomorrow in game three of the western conference finals. the series is tied at one game apiece. tip-off tomorrow at 5:00. >>> hopefully, they fair better than the sharks. they are trailing the blues by three at the tank right now. one canadien super fan forced out of his home by a fire in alberta is happy just to be there. he went to great lengths to save his beloved sharks jerseys as the fort mcmurray fire bore down on his home. when the team got wind of the story they decided to fly the game down for game four. it included a tour of the sap center and zamboni rides. we caught up with him during the first intermission. >> i knew i wasn't going to make it. i texted my girlfriend to tell me to -- or tell her to bring

cvs and amgen, two sort of branches of health care, i suppose, you could put it. >> yeah.ifferent branches of health care. obviously cs is the retail pharmacy market with company management which did really well and helped drive earnings and beating estimates. amgen grew revenue and earnings per share by double digit rates, has a strong pipeline of new compounds in the pipeline. >> right. >> so we like both of them and the valuations are compelling. >> michael, you like bb&t and abbott labs. quick thought on those? >> abt is the symbol on bbt. bb&t, look, banks i think if you're looking for cheap somewhere in the marketplace, even though they have gone up since i've first made that call on "nightly business report" with you, tyler, bb&t is trading at 1.1 times tangible book and a 3.1% dividend and interest rates goes up and the fed does things here. i think you'll see the stocks benefit. abbott labs have made a shift towards the equipment, towards the stents to defibrillators and also have a nutrition business. they sell ensure and similac and things like that. stock is 16

amgen's break through that could drastically reduce heart disease. $1 trillion. borrowing more money than ever to pay for the new ride. that and more tonight on "nightly business report" for thursday, may 19. good evening, everyone. i'm sue herrera. tyler matheson is on assignment. stocks and a familiar worry pressuring the markets. there is growing concern a federal reserve interest rate increase could c

created trillions of dollars of wealth, millions of jobs throughout history, spawned companies like amgen biogen, that help with people's health. but yet, what he has, hollywood hypocrites, railing against it whatever you can. but here's the hypocrisy of it. you know who funds a ton of hollywood movies? wall street does. so it's amazing to watch these people continue to pound away of such a great engine of growth, just because, hollywood loves billions. and it's not just wall street. it is oil companies, it's drug companies, anything out there -- >> republicans. >> anything with too much money, they go after. >> and republicans. that's true. but charles, here's the one thing, wall street doesn't help its case any after the meltdown and the way they were packaging and selling securities they knew to be crap. i could easily posit that the government was pushing them to lend at a time that would get the numbers up, get the numbers up. so they're not without sin. i just argue there were plenty of other sinners. but i'm worried that people look at that and they experience many that had sins. i

with amgen in this case, it's one of the things with this program you have to identify -- if you have>> absolutely. we actually just started basically talking to the kids because my father passed away at the age of 60 from heart disease and a heart attack. and our kids need to know now it's really time to start forming the habits and understand on both sides of the family, you have -- you're at risk for a heart attack. >> such a sweet love story. did you think when you met, you're a football player, an actress and a model and now here you are on the curvy couch and talking about heart disease. how long have you been together? >> just over 31 years. >> congratulations. >> thank you. >> is he fun to be married to? >> half the time he is. >> and the other half? your blood pressure's up. >> that's right. >> all right. joe and jennifer montana, thank you very much. >> thank you. >> thank you. >> great to see you guys. >>> all right. coming up in the next hour, donald trump is going to be joining us live. and laura bush and jenna bush hager are here live as well. you're watching "fox & frie

amgen's break through that could drastically reduce heart disease. $1 trillion.hy americans are borrowing more money than ever to pay for the new ride. that and more tonight on "nightly business report" for thursday, may 19. good evening, everyone. i'm sue herrera. tyler matheson is on assignment. stocks and a familiar worry pressuring the markets. there is growing concern a federal reserve interest rate increase could

there were cholesterol drugs from amgen and they were expected to be blocked dusters.ring cholesterol, but there are so many restrictions from payers because they are scared of these drugs getting to millions of people that would balloon their cost. a huge wave of restrictions in place, the sales have an disappointed -- disappointing. scarlet: even though these are proven medications? guest: definitely. they are proven but have high costs. alix: thank you so much. scarlet: coming up, alibaba being investigated by the sec. we will look at the division of the e-commerce giant ray -- raising huge flags for regulators. ♪ scarlet: this is bloomberg markets. i'm scarlet fu. alix: and i'm alix steel. julie hyman has a look at today's big ipo. this is the largest corporate ipo this year, excluding any kind of spin off, shares are up 7% on the first day of trading. 44 point 4 million shares priced $4.9 billion -- it's going little higher today. it is a food distribution company and it was taken private 2007 at the peak of the buyout room. those terms not selling shares in the i

people familiar with the matter say amgen is also considering a bid for medivation.libaba is bouncing back. it shrugged off a slowing economy with promotions to lower cash-rich consumers. joseph tai says the government will keep investing to pursue growth. >> we are prepared to continue investing in high potential businesses that are highly strategic to alibaba. from digital entertainment to local services to international expansion. these businesses contribute to losses in our -- our current income statement. however, we invest in them so they can graduate to emerging traction and then onto core cash flow businesses in the future. alix: robert iger had a rare official meeting with xi jinping today. the shanghai disney resort, the company's first theme park in mainland china, will open june 16. the head of the chrysler says the new deal with google will jumpstart the self driving car business. they have agreed to build a driverless minivan. >> i think anything that is done in collaboration with summary of the caliber of google is by definition going to expedite the d

. >>> and the women's amgen tour is here >>> and san francisco has named one of the most playful citiesldren outside and active. >> poison. yeah, i got the nod from dave. nothing better than a hair band, i say, welcoming you to wednesday. >> did you say hair band? >> yes, poison, ultimate hair band. music of my high school, middle school years. >> sometimes, it does not really -- i don't think hair band and i don't think of you. >> you didn't know me in high school. >> i guess, okay. fair enough. >> fair enough. >> it is a glimpse into our soul every day. we get to pick a song to start the day. we first begin with politics and specifically the race for the white house nationwide.

>> well, it's interesting i would like biotech stocks but a name like gilad and amgen, both are tradingcted valuations. >> is that politics, hillary clinton's tweet, fear of price controls? >> i've been around a long time. hillary clinton's last foray with the drug sector. >> she would like everyone to forget it. >> not me because it created tremendous opportunity to buy the companies that got beaten up because of the expectation that pricing controls would occur so this is a time to be buying those things. >> what if she comes to power? >> well, we'll see what happens with congress because you need to have congress to go along with any -- >> but you think the risk-reward is favored towards buying them. >> got it. >> you like apple? >> just go back on biotech, i really like biotech as well. you look at the patent clip of big pharma, aging population and proliferation of diseases. who are they going to acquire, the young biotech companies with level two or level three approval. >> tell me how you wrap your head around this constant harangue about price controls and what could be increase

cell genes of the world, amgens of the world. look at, you know, analer again, it's an mazing company. we just added it to the recommend list today. you look at the names and say sent. is so negative, incredibly negative. very hard to step in and really get overly long here. so i do think there is a lot of money to be made. unfortunately, you have a lot of assets painted with the same brush. the high quality ones are painted with the same brush as the low quality ones zlchlt w. t >> you face the fear and buy high quality? is that what you're saying? >> buy the high quality. the real fear is being short the name given all the negative. when they move, they're going to rip. >> dom, these are not stocks that scare you specifically. >> no. >> so we -- >> we asked the viewers. >> we want to find a sent. here. sent. can also work when things are at their highs and showing a lot of momentum. do you want to buy at the highs or even short at the highs? traders said they voted that trying to short amazon and trying to short facebook at the

amgen and ce lg ene and biogen up there on the day, trading as high as 3% overall so when it comes, guyswith the driving of the rally, a lot of people wondering what are some of the sectors or industries that are helping to lead the way higher. biotech health care and one of the sectors today, really helping to power things and we know health care is a large component of the s&p 500. >> and you own the ibb in one of your funds. >> well, years ago, we used a stock pick and we have a portfolio of private startups which is highly risky and stroke is one of the things we focus on and i've learned over the decades is the ibb tracks a large cap, a market cap wait ed index, you have to own a basket, use an etf, what i've used and the etf and the highly illiquid private assets i've got together give me exposure to the sector. >> you made money in the private investments? >> not yet. i've not yet had. >> haven't had a hit. >> stroke research, the company i'm involved in, is still at it. almost a decade in called no-no, the idea is you get a stroke and i want this because i've got stroke in my fam

and so goldman, which has typically advised the likes of a pfizer or an amgen, they participated a coupleears ago when they were facing potential activism, goldman is now on the sanofi team. sometimes companies will go out and try to lock up other bankers they think might take part in a potential rival and simply by virtue of doing that sanofi can perhaps send a sign to anybody considering a bid that we're very serious here. doesn't necessarily won't mean there won't be potential other bids for the company. and at this point we've heard nothing from medivation indicating willingness to put itself up by sale. but acting by written consent as sanofi is going to do it limits the choices for the company, which right now is simply arguing its fundamental value, michael and carl, is above or will be above what sanofi is offering. >> it traded -- >> they keep talking about 52-week high at the very least when they talk about value. something oftentimes company say and many people speculating believe sanofi would have to pay a 52-week high because psychologically that stays in there. >> just when

fans in costumes on hand during the amgen tour of california. including one dressed as the pope.dorothy from the "wizard of oz," carrying toto in the basket. a man dressed as a chicken. that's not distracting at all. >> or dangerous. >> it will make you pedal faster. >> catch more of the cycling race tuesday on the nbc sports network. >> they get a little too close to the bikes there. they're right on top of them. >> dangerous. >> thank you very much. >>> up next, are genetically modified foods safe for you to eat? we'll talk to dr. oz about the just released results of a very comprehensive new study. >>> then a good topic on trending, at what age is it okay to leave your kids home alone? how about ten months? >> what? >> the mother under some fire for that controversial decision. >>> and a couple of big stars here. zac efron and seth rogen. >>> first, these messages. from hgtv home by sherwin-williams make your decision easier. are you sure those colors go together? >>yes. all these colors go together. or, about our reputation... it's from the paint company that pros trust. or t