on the gilead call here. a lots of people talk about gilead, they got a lot of cash.t some point who should they buy? >> who should they boo i that would make gilead itself a buy? any thoughts? >> i think they should talk to a immun no therapy company. i can't speak exact. that's the direction they should go. the problem is they will wind up underpaying. if a company was needed in an activist, especially with the cash forward they have, it's probably gym add. >> than they been punished for it if they hasn't made that purchase. the ats was a little better-than-expected overall. these numbers are flat. the hiv drugs looking at this release are bigger than the earnings before. they're at 52% t. part of the hiv is better business. this stock has been destroyed. the last 20 bucks i have to say have been surprising. it's overdone. >> we have surprising comments from apple ceo tim cook on this quarter. josh. >> melissa, a focus on the call no surprise is greater china. cook saying apple will perform in his words a lit better in that region. he talksed he is not forecasting h

like i said, in direct comparison against gilead.million dollars worth in six months. where are insiders going today versus where divesting at higher multiples. you could have bought gilead 12 time earnings a year ago. the insiders are not falling on purchases, but talking about valuations. housing east going to crush it, lenar, the market only owns 43 basis points in housing. that's a stock picker's dream right now so you're aware. >> all right. we are now. good to see you. thank you, cole, david, good to see you as well. thank you. >> thanks a lot. >> thanks, guys. >>> minutes from apple's earnings coming up. find out how many iphones the company sold in the quarter and whether it makes sense to buy the stock at these record levels. >>> but, first, iac ceo here exclusively to discuss the latest deal to buy angie's list, a deal of the day. you're watching cnbc, first in business worldwide. you always pay your insurance on time. tap one little bumper, and up go your rates. what good is having insurance if you get punished for using i

. >>> gilead says its hiv drug did well during trials. gilead says it plans to apply for approval in the u.s. as soon as this year. the shares were up a penny. >>> it is no secret that high tech salaries are driving up housing costs in and around silicon valley. those higher costs were also driving out lower paid workers. and as aditi roy reports, it now appears that teachers are getting squeezed. >> reporter: this teacher has a master's degree, a stable job, and an annual salary of $75,000. yet for the past year and a half, she's spent too many days not knowing where she would sleep at night. >> i just have to kind of be able to stay on the move. i kept everything in the bag, because to unpack didn't make sense. >> reporter: she is a math teacher at a san francisco public high school. and she said she can't afford to rent a one-bedroom apartment. she's lived with roommates, then moved into a hostel, and at one point even spent a night in a homeless shelter. >> i wasn't prepared for what happened. >> reporter: she is not alone. housing ex

gilead, go by insight this weekend and i'll go bullish on you, otherwise, don't buy.in texas. >> caller: yes, jim, this is johann green, i have been watching your show since you first started it. the question is qoro. we do not want to be pigs. i do like the stock. i'm going to joe in michigan. joe? >> caller: hi, jim, i bought tanger let yesterday when it was yielding 5%. >> i think that's a brilliant move. i think that tanger is still going to make money for you, because they are experiential malls. i love it. i bring plenty of cash when i go there. i keep my daughter away from the players with the hand bags with the fancy, with that pink thing. let's go to victor in arizona. victor? >> caller: jim cramer, i love you, man. >> what's up? >> caller: something i'm looking for, ichor holdings. >> i have to check to see what they're doing, the stock has been red hot. but i have to do more work on that. and that is the conclusion of "the lightning round." i'm here a at the td ameritrade trader offices. steve, other than making me move stuff, what are you working on? let m

so names like pfizer and gilead and eli lily will benefit on their bottom line each year with hundreds of millions of dollars in tax cuts. it's a positive for them. additionally, not a single provision was inserted to deal with drug pricing. that's a big deal with a lot of americans having concern over rising drug costs. >> what about the medical device makers, the medicinetronics ame like? >> the medical device tax, $24 billion over ten years, is eliminated. at the same time, because hospitals oftentimes negotiate and make payments for medical devices, the downward pressure on hospitals could actually extend further downstream to the medical device and the health care i.t. companies. >> what do you think the fate is of this bill? there were several times where we thought that perhaps they didn't have the votes. they finally did have the votes. will we see a replay of this as it goes to the senate, do you think? >> i think we're at halftime in the game. and the second half, as is the case in most playoff games you've seen, whether hockey or the nba, teams tend to play a little harder w

gilead sciences up 1%. bloomberg intelligence told our team, they are certainly on. eli lilyrug maker trading. now let's take a look the stocks bill.s i was fortunate enough to spend gives thee phone, he house bill a 50-50 chance of being passed. these stocks may suggest there's incremental risk moves toet passed and the senate. these are those hospital stocks off the loads but they are down. they have most to lose if the repealed. healthcare and obamacare healthcare thea most. both of those stocks are down. suggesting that maybe the bill passed. finally let's look at one stock benefiting. humana. we have the shares up humana ofding of .7 of one percent off the highs but nonetheless, ofs company only two percent closure to the affordable care act. and zero percent this year. the election, humana is up 25%. winningn 25%, really a stock within the healthcare sector. >> thank you for that. story inack to top washington. house looks poised to vote on the republican healthcare bill that replace most of the affordable care act. leaders have made to voters. caught upvin jus

i have been hold on to gilead. >> this is what happened s wh you're do a whole lot of nothing with your lot of nothing. that concludes "the lightning round." >> we can be the ripple in the pond, because those manufacturing jobs that are around, because it builds up a service industry that's built up around them. if you take a look at intel's history, we have always manufactured the majority of our products here in the u.s. still to this day, 70% of what we manufacture is built right here in the u.s. >> i really think we have to be ready to develop a new workforce in our country, get ready to build millions of new jobs so i brought him an idea which is a $5 million apprenticeship opportunity that we can bring in apprentices so we can retrain. >> that we have a lot of innovation in an environment that i would characterize as innovation starved. >> digitization is redefining g i the financial services industry, i think there's going to be more change in the next five years than has happened in the last 30 years. and that's because of mobile. well, you could get support from thinkorswim's i

hardest because he has people on both sides of aisle saying drug prices are too high yet you're bigging gileadns out legislation is hard, legislation is hard. as we think about the opportunities for legislation time pack stocks, what we really want a company that we think deserves valuation or higher valuation on the fundamentals. perhaps has some upside if legislation works out or the case of pharma weighs on valuation of the stock that could be a opportunity. >> liz: netflix is not a tell bomb but they need the pipes that the telecoms own to move their stuff through freely. what do you think will really happen with that issue? >> we own netflix. we're excited about their competitive position and we think it's such a strong competitive position that it's really hard to start to play them to extract value if you're comcast, for example. a great indication of that is comcast including netflix content within their x 1 platform, turning over any fight that would have been in the past and moving forward with netflix as a partner actually. liz: president obama, one would say, the way he felt about

. >>> gilead's anti-viral treatments failed to meet analyst expectations. >>> and fireeye enjoying ae pop after the third quarter beat. the company producing second year guidance that did top expectations. >>> hillary clinton opening up about her election loss for the first time at an event in new york. she gave her take on why she lost the 2016 election. >> do you take any personal responsibility? >> of course. i take absolute personal responsibility. i was the candidate. i was on the way to winning until the combination of jim comey's letter on october 28th and russian wikileaks raised doubts in the minds of people who were inclined to vote for me but got scared off. >> those two statements kind of polar opposites. i take responsibility and blaming other factors. late last night president trump tweeting fbi comey was the best thing that happened to hillary clinton, he gave her a free pass for many bad deeds. the phony trump russia story was an excuse used by the democrats as justification for losing the election. perhaps trump just ran a great campaign. >> maybe they both can get o

gilead is lower. they missed on earnings and revenue. pete, you own the stock. >> i do.l miss on the earnings, miss on the revenues. their hep-c drug is too good. the problem, also, they've got a lot of cash and they're not u using it. they need to make an acquisition, build up the pipeline and make the company strong again. they haven't done it yet. >> twilio, doc. train wreck. >> they got some good news just maybe a week or ten days ago talking about amazon using their cloud services. now up supposedly uber is cutting back substantially. the stock just fell off a cliff. i sold puts as a way of getting long. >> speaking of train wrecks, etsy and groupon, ouch. ugly. >> all we're talking about are train wrecks. e it tsy is a sad story, this is a company that really at its fundamentals should be doing better, showing more growth. their marketing expenses were through the roof so they're taking action, cutting costs and including the ceo. that never looks good. the stock will be in the penalty box. there should be growth here and you're seeing it on the top line. groupon,

. >> the gileads. the hot, the biggest ones in the index t. biggest waste of the index. were they unreasonably valued at the piece of the ibb? >> i don't know that they're necessarily unreasonably valued. >> that shows you the power of the tweet and how something can happen. >> on the negative side, mel, can't that happen also? i ask because we started a wuf this notion of an overcrowded trade? couldn't it also be the same for tech? >> et could. >> it could be. >> that could happen. >> you know, policies over at there, he put out a great note about two weeks ago. i paid a reference, it's important. looking at etfs is sort of like an amazon or a tesla in relation to an amazon or macy's or a kohl's, kohls has 150 etfs. amazon 138. there is ownership in kohl's versus 5.5 ', in amazon. you look at tesla and ge ford. 10% ge ford, 5 ', in tesla. so the amount owned is much less than i think people have realized the disruptors are not even positioned equal weight, if you will, in these etfs or awaiting equal to a lot of companies are disrupting with the etfs. i think there is a

>> of the names, i'm in gilead and i keep waiting and waiting and it's not happened.ey have great drugs but they're so great that's a problem for them and they have to improve their pipeline. they have got to buy somebody, they have not done that. i've been hold this thing far too long. i think amgen is one of the best names. i think literally of the biotech names, when you get a dividend yield like you do from them, what a strong name you'd want to be in. >> i have stayed out of biotech and continue to stay out of it. it scares the heck out of me. any market decline, this is a sector that's going to get annihilated. >> all right. >>> coming up next, after posting its best day since december, crude jumping again. why one trader thinks that rally is just getting started. "the halftime report" is back in two minutes. the power of innovative thinking. the power of 100 of the world's top companies. the power of an etf. the power of qqq. the thinking we put in, clients get out. power your client's portfolio at powershares.com/qqq. before investing, consider the fund's inve

the biggest push is gilead atrip, andse snapple.hor: coming up, protecting against cyber attacks. we will get some advice from mcafee. this is bloomberg. ♪ betty: this is daybreak asia. i'm betty liu in new york. shery: i am shery ahn in hong kong. a quick check of the latest business flash headlines. top analystsy's revised the projections of how much cash they will burn through as more prosperous rivals encroach on his business. adam dunn is now sees operating losses persisting through 2018 and estimates the company will consume more than $3 billion $3 millionup from -- this year, up from $2.3 million. betty: nikkei news is inciting the head of the appliances division as saying consumer electronics will come under his department control. the changes would match the structure of sales operations in india and china. panasonic is also announcing it is planning to start making air-conditioners in vietnam. aery: videogame maker -- videogame maker is suing samsung such audits claiming it used its virtual reality technology without permi

lastly, we have a lot of companies, mondelez, gilead, american express earnings on tap this afternoonsima thank you very much. let's get to the bond pits in chicago. rick santelli in the cme group. good morning, rick. >> good morning, carl. we continue to trade in clusters at the bottom of the range with regard to our fixed income market. two-day of tens kind of revealing looked like today is upside action, if you look at one-week chart that's somewhat dissipates more sideways action. year-to-date chart i like this one. consider 2.31, down 13, 14 basis points in yield for the year. chart looks okay. it's fighting to hold above 2.27. it's fighting to get in the range that was established for most of 2017,.30 to 2.60. the french elections are coming but before we get to french the italian ten-year-to-date, same as the u.s. think about the political uncertainty and how mario draghi is keeping the rate the same as the u.s. ten-year, pretty amazing, actually when you look at that italian chart, it looks actually a little firmer in its pattern. now let's look at aforementioned france. here