check out eli lilly. finishing if the green but well off the highs.ouraging results for the obesity treatment. meg joining us with the details. >> melissa, this is a drug that eli lilly already has it approved for type 2 diabetes this is a trial in weight loss and people who don't have diabetes we already seen the top line results but the full results were published in the new england journal of medicine and presented over the weekend at a diabetes conference. on the highest dose, people lost an average of 23% of their body weight over 72 weeks that compares with 2.4% for folks on placebo and to put that in real terms, people weighed an average of about 230 pounds when they started this trial and on the high dose that equated to about 50 pounds of weight loss over the course of this trial you just don't see these types of results typically with obesity drugs from the pharma industries the new england journal of medicine published an editorial saying it is remarkable that the magnitude of weight loss was similar to that of gastric bypass which raises t

we have coca cola up 72% from 2009 to 2012, eli lilly up 42% and delta soared 159%, so in that recessionah, i'd say they were recession-proof. so as we continue to see choppy trade in the overall markets let's take it to our floor show traders and recession-proof stocks joined by scott bauer in chicago and john gagliardi. john let me hold off on you because i know what your headline is and i want to get to scott first. scott, do you agree with morgan that those are the stocks that are recession proof? do you have any to add to that? >> so i agree with a few of them, liz. i think coca cola is definitely one you want to look at. 3% dividend, it's as steady as they come. that was definitely one that i agree with, but if you go to the healthcare or pharma space, rather than eli lilly, i really like johnson & johnson. it is just a fantastic stock, even with lower guidance, there's still going to be 10% year-over-year. they are as steady as they get. now, in the energy space, energy is typically a spot you want to belong in a recession. marathon, maybe. that's their pick. rather than marathon,

eli lilly has new products and we lost. high pe but new drugs. is coming into august 5th earnings? >> if you owned this you have had a heckuva run and i would get out of that and into a bullish option positions or selling strike ones. this is not cheap for a company like this one as you may think it would be. >> up 39% in one year. >> it is impressive. you have to respect that gap. there must be something good going on. >> coming up next, the final call. stay tuned. >> thinkorswim® by td ameritrade is more than a trading platform. it's an entire trading experience. with innovation that lets you customize interfaces, charts and orders to your style of trading. personalized education to expand your perspective. and a dedicated trade desk of expert-level support. that will push you to be even better. and just might change how you trade—forever. because once you experience thinkorswim® by td ameritrade ♪♪♪ there's no going back. >>> the final call. >> china and oil for balance. >> tony? >> time to get on board united airlines. by a call spread. >> ok

>> eli lilly, fundamentals are great., 30% operating margins, best in class. bottom line i think it's going to be a great stock. >> steve weiss >> cash. but here is what i do if the market sells off tomorrow i would buy fedex for a trade. >> that's the only thing you would buy on a big cpi dip >> well, you need a catalyst i don't think it's worth buying stocks without a known catalyst, and that may not even be a perfect route because you have the fed meeting coming up on the 14th and 15th. >> good point about that, too. we'll be talking about that quickly. josh brown >> charge point had a huge rally on a big deal with the national electricians union and it's flat after that digesting it. that's very positive >> i'll see you in a few hours "the exchange" is now. >>> thanks very much, scott. welcome to "the exchange." i'm dominic chu in for kelly evans. markets are lower but not by much the recent rebound peteerring ot just a bit plus, shortage to glut lumber prices are tumbling down nearly 60% in three months and now there

obese to overweight. 42% of americans are obese and two begin sold in makers, no phone orders and eli lilly developed self injected diabetes medicines that have a happy side effect of appetite control and profound weight loss. in one recent lily trial patients lost an average of 22.5% of their weight or more than 50 pounds. it is telling us drug under the name we go, they could gain approval next year. both companies are working on follow-ups including in pill form, jpmorgan predicts the worldwide market for obesity medicines will explode to $35 billion a year by 2,030 one, could be transformative for these two companies. let's bring our panel. you must be looking at the stocks. how do you choose between them? ben: you don't necessarily have to. there are some investment banks that said she was lily but city says it doesn't matter. a lot of people focus on market share but they say the market will be so huge that both companies can benefit. this drug is not only good for diabetes and obesity but heart and kidney disease as well. right now neither stock is cheap and got a big boost but when

the drug is made by eli lilly, and it's already used for rheumatoid arthritis.grows hair by blocking the immune system from attacking hair follicles. in two large phase trials, nearly 200 patients with severe alopecia had total or near total hair regrowth after 36 weeks. some 6.8 million people in the u.s. have developed alopecia. >>> it's a promise amazon founder jeff bezos made nearly ten years ago. free drone delivery within 30 minutes. now it heads to the california community of lockford, northeast of san francisco. amazon says it developed a sense and detection system for the drones so they could avoid midair collisions and hitting things on the ground. drone delivery will be free for prime members and only those members can use the service. no word yet on when drone deliveries will begin. >>> and coca-cola and jack daniels are teaming up to sell jack and coke in a can. it will be sold globally after an initial launch in mexico later this year. they could be on to something as worldwide consumption in of ready-to-drink beverages jumped 26% in 2020 and 14% l

must clearly right now considering as most realistic and acceptable included is tish move mazda 3 eli lilly nika, one of the offers it, it was you that were made without any middle ages, right? good mediators who it was on hold at the meeting, on the 29th of march. but alma, at the meeting between russian and ukrainian rosemary, rosa shows a we will have them and draw of that was immediately exempted by you train. however, a later you train on his own initiative, or if i had to move probably twice dictated from washington or from charles was my youth trained smith that you can read what out. what holding analysts. accelerating 3 of the phase at no man's age re afford. so possible right now ukraine philosophy needs your resume, one, but he's changed your great game as it he asian girl as of the 24th of february. and i'm all the fan to the oil and extra security every day of go various nature quite opposite. sometimes matthew matthew quinn is not willing to conducting asian, it has dismissal, do so i will you have those. and so school we can assume that it follows they will produce finger tha

. >> all right time for one more question our viewer asks, eli lilly, and weight loss and high pe, butld impact the print what is your play going into august 5th earnings? >> mike. >> if you own the stock, you have a heck of a run bd would you migrate into a bullish options position perhaps call diagonals owning longer and selling shorter dated higher strike ones against it implied volatility in the mid-30s isn't cheap for a company like this one as you might think it would be. >> this is up 39% in one year carter >> it is impressive. and i think you respect the relative strength and it must be something good going on in the fundamentals. >> coming up next, we have the final call stay tuned thinkorswim® by td ameritrade is more than a trading platform. it's an entire trading experience. with innovation that lets you customize interfaces, charts and orders to your style of trading. personalized education to expand your perspective. and a dedicated trade desk of expert-level support. that will push you to be even better. and just might change how you trade—forever. because once you exper

take advantage of it eli lilly, a stock you can own >> health care down about 1.5% after the bell, we'll see what june has in store for the markets. that does it for me. "the exchange. is now ♪ >>> thank youb, scott. hi, everybody here's what's ahead on "the exchange." massive bal. >>> sheet run offs even jay powell isn't sure of the additional tightening. could itby another hit to housing? mortgage demand dropping to a four-year low. what if rates spike further? and we're looking at pets, video games and data storage it's a mean-heavy edition of earnings today >> so, kelly, right now we're sitting about near session lows. it's about a 350-point drop for the dow industrials. shortly after the opening bell, it looked like a positive session. we were up 282 points within the first half hour of trading or so and we steadily declined over the course of the trading day. the s&p 500, 4,085 1% losses here and similar percentage losses for the composite index. the nasdaq at 47, 947. remember, it wasn't that long ago we were at the twol 8 handle we're now at 2.95% the 30-year fixed rate since ts

i like johnson & johnson, eli lilly, too. neither has much price sensitivity. drugs will mature. we write many bulletins about this. we need to accept that stocks should go lower but we need to ask ourselves if every stock should go lower and we need to know whether it's going lower because of earnings or just being punished because it's part of an asset class that is suddenly out-of-favor or even hated. let's use real life instances. he had strong sales, strong earnings, and lots of business being done in their own private labels. which are much more lucrative than name brands. of course, we will pay less for stocks but we are more likely to trade down to kroger's cheaper brands. kroger stocks should have been up today, not down. i listened to rodney and i said to myself, you know what, that sounds like a good stock but the rain has to stop, you can't go in and say that sound like a good stock even though it sounded terrific when i listened to him i said i'll put that one away maybe i'll buy it later. i just spent five days on the west coast. i have up-to-date information on a b

. >> >>> eli lilly, touching new all- time highs.he continue to recoup losses in today's session. down 2% this month. can pharma keep up the gain? >> yes. we do the show and a few minutes ago and 09 you recall the slogan we had on tuesday when merck was trading eight 4.5. marcus tucci. look at it today, it should trade north of 95. all the stocks are in play. valuations are compelling without question. the m&a activity. look at amgen which is too cheap on valuation. lily has been a name that continues to make all-time highs. bristol-myers breaking up for the first time in a year. good for k fine. stay with big cap pharma. >> i agree. this is a wonderful opportunity. i think this is something, to your point, of the valuation, regardless of where we are going. if we get through this period without a recession, these can do well. in a recession, they tend to do well either way. it is a good play. i do like abbvie and myrrh. have some good drugs that will continue improve the revenue. it's a good play. >> karen, do you have something? i

i would recommend the eli lilly version.to be the monoclonal antibody of choice for this particular variant. if he doesn't like that option, he can go with the anti-viral paxlovid where people are doing pretty well when they take it. your thoughts, the real dr. o dis. >> dr. hannity, your judgment is sound. i think paxlovid, medication, makes sense for older americans at higher risk if they get covid. i pray for dr. fauci's rapid recovery. as you pointed out, it's a miserable disease. it's not whether covid is good or bad. everyone agrees it's horrible. it's what are you going do about it? government overreach becomes more about control more than health. this is an endemic virus. we'll all get it eventually, hopefully with medications like we now have available, you can treat people who get the illness, and you don't have to have mandates that reflect overreaching government penalties if they don't make us safer. by using medications, you mentioned, too, the antiviral pills make a lot of sense because it's fairly easy to adm

take advantage of it eli lilly, a stock you can own >> health care down about 1.5% after the bell, we'lls it for me. "the exchange. is now ♪ >>> thank youb, scott. hi, everybody here's what's ahead on "the exchange." massive bal. >>> sheet run offs even jay powell isn't sure of the additional tightening. could itby another hit to housing? mortgage demand dropping to a four-year low. what if rates spike further? and we're looking at pets, video

tuesday eli lilly had a meeting to discuss the pipe loon and to discuss the diabetes/weight loss drug i think it is a miracle drug which is why we have a big position in the trust. it might be too late to take action in the stock. better wait for a pull back. in orders words if lilly goes into this, we heard good news there. you won't be surprised and your buying will be met with sellers who are saying i'm selling the news next, the most unnerving parto the fed-mandated slow downs food stocks haven't been a good place to hide. they usually are the costs are way up think about the food that's in it, the can, the plastic, whatever they can't do more to start raising prices without turning off people it will be a good test of the market's move. smucker's report, the company is energized putting up good numbers of late. the same thing could be say about hormel it took the whole group down, smucker's included it is almost like it looks like hormel i wonder if we get a reversal when the food companies report i don't care for the group if we see a reversal in smucker it tells you all is not

this is a home run for eli l lilly. it is a half-court shot that makes it at the buzzer. >> got it.t. we got an opening bell less than four minutes away. stay with us to adapt in the changing world, you could hire a professor of theoretical mathematics. we all know this equation, right? he'd crunched numbers day and night. that's it. to maximize profitability. morning. i have quarterly numbers that are beautiful. and forecast revenue from every corner of your organization. is that important? or you could use workday. the finance hr and planning system that helps cfos make better decisions faster. for a solve problems like a genius world. workday. for a changing world. >> announcer: the opening bell is brought to you by nuveen, the leader in responsible investing >> all right we get started with drtrading ia little bit jim, time to squeeze in one of my favorites what do you see is the key to the market today >> gm five times can they rally pause those have become for red headed stepchildren and notes saying the forbes lineup is sold out. obviously, you've got some issues with interna

home depot, eli lilly. provision outside of hospital system so option care, a lot of the new drugs coming out are not orally prescribed so you have a big business out there. nurses going to people's homes or having regional centers so there is one that i'm very, very excited about it's a recent edichlths i love it management's first class you look at the results and the cash flow. >> a recent addition with you three years. it shows you have a long-term investor >> my depo is from founding the company. j.p. morgan is 16 years. of course, back again, i look at brian moynihan, a great manager, a good leader. they're hard to measure, they're subjective but you take your best shot so that's my plight >> ken langone would be will us. >>> we have an exclusive interview with a legendary interview with a legendary investor joh we are live in aspen you are watching "squawk box" on cnbc one that many have yet to discover. exploring with viking brings you closer to the world, to the history, the culture, the flavors, a

he i would recommend the eli lilly version that seems to be the monoclonal antibody of choice for this particular variant. if he doesn't like that option ,you can go with the antiviral paxil, david , which apparently is doing very well when people take it. your thoughts, doctor . the real doctor has had i think your judgment is sound. i concur. i think of would be medication would make sense for a lot of older americans who might be higher risk if they get cogat. but this is something we've been arguing all along and i do pray for dr. phyliss. rapid recovery, as you point out, is a miserable disease. this is not whether it's good or bad. everyone agrees it's horrible. it's what you're going to do about it. and the reason i have argued against mandates and government overreach, it becomes about control more than health. this is an endemic virus. we will all get it eventually hopefully with medications like we now have available, you can treat people who get the illness and you don't have to have mandates that reflect overreaching government penalties that don't make us safer. and by usi

stuart: eli lilly.ree trial. that stock up 3%. stuart: solid gain indeed. thanks so much, lauren. mask mandates are making a comeback in california. jonathan serrie has the story. jonathan, which particular county is going to be making us all mask up again, which one? reporter: start with almeida county, in the san francisco bay area. they reinstated indoor mask mandate for businesses. almeida county, which includes oakland, medium community level of covid activity according to the cdc but some local health experts are concerned about highly infectious omicron sub variant driving increasing levels of transmission. covid activity is medium in los angeles. the most populace county in california. masks are still optional there but local health officials warn if the cdc's community level goes up to high in l.a. county, they may bring back indoor mask mandates. that is getting minsked reaction from l.a. residents. >> i think it is ridiculous. just, insane. keeps going on and on and on. just, i won't do it. i

i taught lilly, she slipped off his cal dizzy. dar eli muff. yes. on concord commerce i what book with actual effects to systemic magnetic buskey beverage. dizzy since. hopefully matthew acumen crazy. stem cell was his, them kept the dentist, he knows he thought they fade thought, the organising pocket toys to circling in sicily. the new ver reach of the mafia showed of their luxury cars and private yachts. the other mafia families who weren't rolling in this new money were infuriated that the godfathers of palermo didn't can. they were protected by fearsome henchmen. from the small village of connie own their leader, toto rena was the blood thirsty killer ever recruited by cosa nostra to melina when she got away it. um, but i also saw problem, a good mobile porch and the tools it hulu. and all that was on that much im nas schumer see been met there were young that had gone through their level and delivery now because the marathon torment cottleville d. the godfathers of pelham. i saw rena as a brainless psychopathic. but instead of wiping out the f

lilly. she sliced off his cal dizzy, dar eli matthews, on concord commerce i. what book with actual effects with systemic magnetic buskey beverage, easy since your body. matthew increased his them say lucy stem capitan, he's famous. yay! thought they fade thought the organiser pa could toys to succeed. in sicily, the new ver reach of the mafia showed of their luxury cars and private yachts. the other mafia families who weren't rolling in this new money were infuriated that the godfathers of palermo didn't can. they were protected by fearsome henchmen. from the small village of connie own their leader, toto rena was a bloodthirsty killer ever recruited by cosa nostra to billina if she did a me it. um, but it also suburban, i could put mobile porch in the tools it julie when i was on that amazon national see been met there. my young that had gone through that level and delivery now because the marilyn torment cottleville she the godfathers of palin, i saw rena as a brainless psychopathic. but instead of wiping out the families that were angry with cosa nostra tot