gilead up 20% over the last month. anagen, 13%. are investors hiding in biotech as the threat of a recession looms? we'll explore that one later this hour. >>> tyler, good to see you good to see you, everybody stocks higher this afternoon, brushing off the covid concerns out of china the dow trading near session highs, nearly up 1%. s&p 500 up a percent on 40 points nasdaq composite up nearly 100 points the best performing s&p stock is best buy it hiked its outlook and beat earnings estimates right now, up 11%. the worst performing, look at dollar tree, down almost 9%. it issued a disappointing outlook. crude trading back above $80 a barrel this afternoon. it's up a percent on the day after saudi arabia said opec plus was sticking with its output cuts. tyler. >> there goes oil. as brian pointed out, oil stocks moving, as well. >>> is wall street simply out of touch? the massive tech sell-off sent many stocks sinking well below the street's ever-bullish estimates. crowdstrike's average price target on the street is 71% above its cur

you like enbridge, emerson electric, gilead. dividends that each one pays, specifically enbridge, 6.1% dividend. that is definitely better than even the 10 or two year, right? you have 3.6% for gilead, 2.2% for emerson but we don't want to invest in companies just because they have a freight great dividend, correct. >> that cash flow is strong support as you wait things out. these companies have fair valuation. same with emerson electric will be part of a industrial rebuild. they will be in a strong sweet spot for automation. gilead, who we think is radically undervalued, somewhat unappreciated is at a 12 pe. we think all these stocks have a significant amount of upside. you just may have to be a little bit of patient as we get into 2023 to see that but you're supported by the dividend in the meantime. liz: the broader market picture right now couldn't hold the gains from today. granted we had a brilliant week for the bulls last week. when you see nasdaq with a 8.1% gain four or five days last week that is certainly understandab

reasonable growth profiles in companies like merck, gilead, low double-digit multiples for high single-digit growth, which is reasonable. tom: pharmaceuticals holdup in this environment, and longer-term when it comes to china, six to 12 months down the line, that is the call from jacob mitchell. coming up, oil in focus as wti drops to its lowest level since december. we will get more on that next. this is bloomberg. ♪ tom: welcome back to the open. we are 18 minutes into the european trading day. risk off. the european benchmark currently down. a lot of that time to what is happening in china. that is linked to the fate of oil, down at the lowest level since december. wti sank below $74 a barrel following three weeks of losses. let's bring in will kennedy, executive editor for energy and commodities. let's start with why the oil market is selling off so much, on the back of yes, unprecedented protests, but why the selloff and why so dramatic? >> what we don't know is whether we will open the chinese economy more quickly, which would in the end be bullish. it is creating a risk off sentiment.

that's been on margaret atwood's novel, the handmaid's tale for years, which starts the republic of gilead, allows offred only one function to breed, which obviously creates a completely different kind of emotion. it unnerves you and unsettle you. so i think a good bloke has to hook you in. it has to tell a story and it has to try and be original in some way, which is difficult when you're writing thousands of these things. but, you know, it needs to try and stay true to the book if it can, and pick out some some kind of intriguing detail from it. you know, i think we have a responsibility with what we do as well. well, how do you write a good blurb for a bad book? a book that you don't have any emotional connection to, that you're not that you're not feeling that with? oh, that's a good question. and i really i think sometimes it can be easier because you don't you're not involved. so or, you know, if it's something that i'm not an expert in at all, you know, some science, but that a on the subject i know nothing about in a way that can be easy because i'm kind of like the layman, you kno

atwood addressed that bombshell in a piece for "the atlantic" entitled, "i invented gilead, the supremert is making it real. i thought i was writing fiction in "the handmaid's tale."" joe spoke with her about ukraine to the influence of the far right on society. >> i wanted to ask you about the time period that your essays cover, 2004 to 2020. i try to explain to my children how boring our life was. i was born basically in a middle-class family in the middle of the postwar world, and my children had been through a couple economic crashes, been through 9/11, been through a pandemic. you write about all of this. and it's hard to explain to them just how tumultuous the last 20 years have been in the context of their own lives. >> that's true. but we had a kind of rest period, but it was preceded by the depression, and then world war ii, which was horrific, and i have to say don't underestimate russia. so and then we had the '50s, this was boom time, and we invented a lot of vaccines because before that period there were all these diseases that just ripped through and quarantine was normal.

top s&p 500 winners topped by kroger and solar edge and dr horton there and nasdaq composite and gileadces back on the list and ross stores, american electric power. coming up, john fetterman defeated trump-backed dr. oz in the pennsylvania senate race. so does the gop have a trump problem? i'll ask liz peak later in the show. the race for senate in arizona too close to call but listen to what msnbc rachel mato had to said about political intimidations at elections there. >> one of the things we have to think about is the fact that arizona is an open carry state and a lot of far right in arizona has been willing to use their open carry privilege as a form of political intimidation. stu: okay, there's a lot more on the arizona mess coming up for you. the majority of voters say inflation was their number one issue and that president biden is to blame. more on the fox news voter analysis after this. ♪ stu: governor desantis in florida said his win was a huge win for the ages and donald trump claims trump's endorsement made ron desantis. todd is still with me. it's clearly a split in the re

outperforming the last week and a half the other group is generic health care, lilly, cardinal, biogen, gilead sciences, all at new 52-week highs. tesla is at a new low. just broke 200 tesla was $400 in january. it's half of that right now. a lot of reits is an ongoing story. very interesting afternoon start to go shape up here. >> bob, thank you. >>> let's talk about the bonds yields are rising. the at any time-year right around the 4.2%. as you can see, the two-year at 4.72 that's well off the 15-year high it hit last week, and then let's move to the price of oil, slightly lower today, right around 92 for wti, just under 100 for brent. oil markets hanging on every word out of china, going up when china seems to be ready to loosen covid restrictions. there you see wti crude down 0.83%. chinese health officials say they're committed to this strict containment approach nat gas prices are up more than 9%, a one-month high on forecasts for a cooler november. our next guest says the s&p 500 could fall another 5% to 10% from here. megan shoo, good to see you today. why do you think the s&p 500 coul

i prefer names like eog, gilead, jeffries, as kind of the picks that i would be focused on right now,> okay. shan, depot, as in home depot. 2.4% yield, total return down 22%. >> yeah, mortgage rates, mortgage rates, mortgage rates but i still think housing-adjacent stocks make a lot of sense here. home depot is one of the few big box retailers that we have we have costco, best buy, andic that if you're looking for steady cash flow, home depot certainly provides that and i think that the stock will likely rebound in the back half of next year, as mortgage rates stabilize. >> next-era energy, josh, 2% yield, total return, down 9% >> yeah, so this is a utility that's got a clean energy kicker, throwing off a lot of cash they own florida power and light. and they're engaged in all of these large-scale, industry-scale clean energy products all over the united states very profitable. i like this name >> okay. to read the article, by the way, on dividend aristocrats and many more, go to cnbc.com/pro we'll do final trades, next. go. go scientist. go software. go cure. go production. go faster

. >> gilead. >> kayleigh: if i could say, she's wrong on the facts.e wall street journal" poll was not about white republican suburban women. it was about white women in suburbs generally that's 20% of the electorate. a vermin comparison, insect comparison si that we've heard m some of the brutal maniacal dictatorial's regimes. why would she choose that? >> cheryl: that's what democrats have been doing. a playbook from the party. if you don't agree with me you're an idiot, you're a racist. you are from the south, you're stupid. i say that someone from texas. obviously i'm stupid for him because -- because i'm from texas. that's what they've been doing for years, two years, the mistake they are making is they had a decent voting bloc from white suburban women in 2020. they don't have that now. 15% change, 15% tilt according to "the wall street journal" towards republicans, that's what two years will do when you have all the power in washington. they made that mistake. i'm so sick of the insults on both sides, to be clear here. don't -- you don't agree

our next guest is a two-time emmy nominee who comes to us straight outta gilead. and applause ] ♪ thanks for coming, it's good to see you. >> thanks for having me. >> jimmy: it's been a long time since you were here last tight. one thing i remember specifically about our conversation was, your family moved from poland to australia. >> yeah. >> jimmy: you were raised as a po-stralian. [ laughter ] >> we speak polish. >> jimmy: polish with an accent? english is i guess what they speak over there. [ laughter ] did they make polish jokes? was that a thing? or were you too young for that? >> oh, no, they make polish jokes here. they make fun of the polish here like we make fun of the irish in australia. >> jimmy: really? >> yes, the same jokes. >> jimmy: interesting. it kind of stopped in -- i think like 1986. it ended. but archie bunker was really keeping it going for a long time on "all in the family." i don't know if you are familiar with that show. >> i'm not. >> jimmy: well, don't watch it, your family will be mad. >> okay. [ laughter ] >> jimmy: you -- do you sti

but think about zbil gilead, that knocked the stock down for years and that is frustrating part of the ibb. >> a rough tracks of crippling rail strike threatening to impact all parts of the economy. what congress is doing ahead. >>> and a top analyst with major reproduction out of china. that and more when "fast money" is back in two ♪♪ for skin as alive as you are... don't settle for silver. harness the power of 7 moisturizers & 3 vitamins to smooth, heal, and moisturize your dry skin. gold bond. champion your skin. (woman 1) i just switched to verizon business unlimited. it's just right for my little business. to smooth, heal, and moisturize your dry skin. unlimited premium data. unlimited hotspot data. (woman 2) you know it's from the most reliable 5g network in america? (vo) when it comes to your business, not all bars are created equal. so switch to verizon business unlimited today. >>> welcome back to "fast money. apple shares falling more than 2% as iphone production worries mount in china top apple watcher tweeting that his firm expected q4 deliveries of the pro and pro max to

gilead up 20% over the last month. anagen, 13%.f a recession looms? we'll explore that one later this h

and yet, the foot soldiers of real life gilead still haven't received the memo. with justice samuel alito receiving a standing ovation at the federalist society gala, by conservatives applauding his decision as if it didn't just wreck the midterms. it's as if they simply don't have a clue about most of america. and are completely in their right wing religious extremist bubble and totally out of touch with this country, which turned out to actually be a good thing for democracy. and joining me now is steve kornacki at the big board. i want you to go straight to the two places you know i'm going to ask you to go, nevada and arizona. do we have numbers? >> literally in the last ten seconds, we just got new numbers. if you give me a second, i'm staring at the clark county board of elections website and i'm going to tell you exactly what we just got out of clark county in nevada. catherine cortez masto just picked up -- let's put it on the board here, see if it's in. these are the new numbers from clark county. let's tell you what literally just happened. this is the

that's where you find my friend, nbc news correspondent, bond gilead.ive in phoenix this morning. wow. the sun has risen for you. thank you for being back with us. explain to me why there are differences. explain why fuentes and kelly's races were able to be called. the other races are still outstanding. i am assuming that people voted for whoever they voted for on the same ballot. why are some called a not cold? why are others called? >> right. there's a little bit of a nuance here in or zone. oh let's be clear here. mark finchem's is the candidate for the republican. it is different than kari lake. you can make the case, in terms of presentation, she's a little bit more refined than mark finchem. look at mark kelly and blake masters. again, they appeal to folks for different reasons and indifferent ways. we could have a long focus group of folks here on why they chose one candidate compared to the other. especially when you look at all four candidates on the republican side. each of those individuals as an election denier. they spent the final three w

gilead, you have something and then dave yeah. so at the beginning of, the reading i think the like straight up say like the time to like make changes is like when you're in crisis because the people are looking for stability, they might open to looking for something new. and so that's a definite political advantage. it's like the people that you're trying to persuade in crisis. right, right, right. an advantage of that. yeah, absolutely. do you do you get to demonstrate your powerful benevolence, make up your solution and? you get. absolutely. and you get to make up your own solution good day. so to answer the question, what would benefit the united being involved in working at that at that point in 1940. you know francis occupied and the united states would be seen as like the heroes came in and like hope liberate western europe. is there a potential for a hero narrative here? look at his thighs. this guy is this guy who's doing squats rig but there's also something really scary here, too, right? ds a baby. and he's not a gatlin

gilead 3.5% return. bristol myers and same with merck and amgen.se are the top five that are positive on the year to date basis and dividend yield of 2.5% if you want to look for any dividend yield with the same parameters those 7 stocks go to 14. if you are curious, andrew, what the 14 stocks are, head to my twitter feed @thedomino. i posted the yields for you to p peruse >> i am perusing i'm going there as we sp speak @thedomino thanks, dom. >>> we go straight to austria with the first fisker suv rolling off the production line. we have the ceo next. >>> and barry sternlicht will talk crypto and more the ceo will be with us at the top of the seven back in a moment >> announcer: currency check is sponsored by interactive brokers. the professionals gateway to the world's markets. thanks to avalara we can calculate sales tax on almost anything, anywhere, automatically. avalarahhhhh. what if tax rates change? ahhhhhh. filing sales tax returns? ahhhhhh. managing exemption certificates? ahhhhhh. business license guidance? ahhhhhh. does it connect with