i'm starting to think eli lilly is more of a cancer company. used to think of it with ssri, cymballe at that, prozac and mental health. it seems you've transformed the company to some extent? >> we're excited about the breath of our entire drug development portfolio. we have 39 molecules between phase 2 and phase 3 development or mid to late stage development. it spans areas such as auto immune disease, cancer, diabetes. still in the space of neuro science. one of the strengths of the firm has been that type of breath. >> you're trying to off set the decline in some of your old numbers:to still get a revenue gain is pretty good. animal health took up some of the slack for declining sales of your drugs. what's going off patent? >> we've had strong growth in animal health. that combined with our entire pharmaceutical portfolio. we have four new drugs for approval around the world. we look forward to launch those next year. that's been the key in terms of corner stone of our invasion based strategy to managing our way through this period of patent

dagen: nothing casual about eli lilly shares.company taking a hit as it warned it would cut some jobs. nicole: very well done. the shares not doing too well today. down 3.5%. revenue and earnings have began to approve for eli lilly. when you talk about patent expirations, it is a big topic. it is for depression. it worsens for them in 2014. what happening, eli lilly will have to cut cost in order to achieve their goals going forward. right now, the stock is to the downside. that is some good news. they will have to struggle in order to meet the goals. connell: thank you. dagen: should the president be talking about the markets? telling wall street to worry. he said that wall street needs to be worried. connell: 120-point oh client on the dow. helping college grads to find work. say you go on an interview. they have some pretty cool ideas. first, a look at some of the currencies around the world and how everyone is faring against the dollar. ♪ >> 21 minutes past the hour. strategies off the water of italy. right now, 250 are still

fake studies to put millions of lives at risk do we have documented precedents this is exactly like eli lilly which in the one nine hundred eighty s. knew that prozac was leading to suicides and aggressive behavior the exact opposite effect of what they wanted they knew that in the one nine hundred eighty s. after they conducted the research they hid the research and it wasn't exposed and told two thousand and five from the b.b.c. but then they would have their corporate interests do studies and talk about how great it was now of course they're required to admit yeah that antidepressants do cause suicide aggressive behavior pretty much every shooters on them when these cell phone companies are forced to admit yeah the cell phone radiation does cause brain to. you know it does do all this and they're already saying this in their manuals so it's already coming out but once the public is aware of this fact it will be even worse impressions it will be even worse than tobacco we invited the powerful industry lobby c t i a to discuss the issues raised in this report they sent this one line refusal

fake studies to put millions of lives at risk do we have documented precedents this is exactly like eli lilly which in the one nine hundred eighty s. knew that prozac was leading to suicides and aggressive behavior the exact opposite effect of what they wanted they knew that in the one nine hundred eighty s. after they conducted the research they hid the research and it wasn't exposed and told two thousand and five from the b.b.c. but then they would have their corporate interests do studies and talk about how great it was now of course they're required to admit yeah that antidepressants do cause suicide aggressive behavior pretty much every shooters on them when these cell phone companies are forced to admit yeah the cell phone radiation does cause brain to. you know it does do all this and they're already saying this in their manuals so it's already coming out but once the public is aware of this fact it will be even worse it presses it will be even worse than tobacco we invited the powerful industry lobby c t i a to discuss the issues raised in this report they sent this one line refusal t

expect earnings reports today from companies include boeing, caterpillar, eli lilly and u.s. airways. >>> apple unfailed a faster tablet and a new lineup of macs just in time for the holidays. the company also announced its later operating system for mac computers is now available for free. >>> and if you plan on shopping thanksgiving day, you will have plenty of retailers to choose from. kohl's now joins wal-mart, macy's, jcpenney and others who are opening their doors 8:00 p.m. thanksgiving day to get a jump start on the holiday shopping season but a new survey finds most people will do their christmas shopping from the comfort of their home or office. for the first time more consumers are expected to shop online for the holidays than in brick and mortar stores. that's your money watch. for the latest business news, follow me on twitter at alexiscbsnews. i'm alexis christoforous. >>> it is 4:43. time for a first look at today's question of the morning. in a recent survey, 60% of men say they worry about this. is it a, going bald, b, retirement savings, c, eternal bachelorho

quarterly results from boeing, caterpillar and eli lilly among many others.l prices dropping to their lowest level since late june. like that. >>> and in overseas news, japanese and chinese stocks selling off overnight on fears of bad bank debt. and tight liquidity in china. it's always somewhere, isn't it? it's wednesday, october 23rd, 2013 and "squawk box" begins right now. >>> good morning, everybody. ike becky quick along with joe kernen and steve liesman. andrew will be back tomorrow. we have quarterly results before the opening bell from eli lilly, boeing, caterpillar and a lot of numbers are koumth pop among the newsmakers, we have caterpillar's ceo doug oberlehman. also lily's cfo, derica rice. >>> at 9:00, we have the fafh house price index. this afternoon, the treasury holds an auction of five-year notes. our top story this morning, china fears there was heavy selling in asia's afternoon session. traders are citing reports that top chinese lenders expunged about $3.7 billion in bad debts for the first six

it's your speculative play and it is not eli lilly. it is not pfizer.s go to mihali in missouri. >> boo-yah, jimmy. >> yo, yo! >> it seems very undervalued at these levels? >> no. i don't like the management turmoil, and it's coming down so much and we recommend that you get rid of this stock at 100 and i am not going back to it. let's go to apendra. >> hey, jim. how are you? >> all right. how are you? >> good. good. thank you and thanks for your work. >> thank you. i have a question for marketo is a very good company and it's in the space that i like in a mobile social, but here's the issue. these stocks are going to be under a little pressure because of the high ult in imstocks in the sector right now are under pressure. just don't freak out. i think it's a good situation. let's go to bo as in pennsylvania. >> boo-yah, jim. how are you doing, today! >> real good, man! you're from around me, what's going on? >> i'm a senior at drexler university, the college of business. and the ticker bhi, baker hughes. >> it's very cheap. you're not buying the highes

talking about $106 billion market value, which is far above business toll myers at 87, almost twice eli lilly's market value but only $27 billion less than merck. >> changing the guard right now, right here. >> the ipo issues this year the three worst had all been health care issues. there have been some severe loses but i don't need to tell you about all the severe winners. >> let's use the analogy of ibm you asked about earlier. what company is buying back a ton of stock? merck. what companies are buying back stocks in general? the pharmaceuticals? how does that affect a company like gilead that is spending its head off? they are not going to be dissuaded by the plight of the averages. they're looking at gilead and seeing what could happen in the out years and saying buy, buy, buy. >> the media stocks have benefited greatly. >> that's right. we ought to take a break. i feel like the whole show is being subsidized by the government, and verizon. that's a joke. verizon thrown under the bus earlier. i'm looking for bus companies. >> we'll take a break and get more from the hearing in d.c. in jus