the head of illumina joins us. stick around, more "fast money." >> straight ahead. that helps you build a future for those you love. vanguard. become an owner. well, would you look at that? jerry, you gotta see this. seen it. trust me, after 15 walks... gets a little old. i really should be retired by now. wish i'd invested when i had the chance... to the moon! ugh. unbelievable. every day in business brings something new. so get the flexibility of the new mobile service designed for your small business. introducing comcast business mobile. you get the most reliable network with nationwide 5g included. and you can get unlimited data for just $30 per line per month when you get four lines or mix and match data options. available now for comcast business internet customers with no line-activation fees or term contract required. see if you can save by switching today. comcast business. powering possibilities. >>> welcome back to "fast money" we have a buzz kill on lululemon. shares tumbling after the retailer said it

. >> i love gottlieb by the way, he's on the board of feedser and illumina you just should have bought two stocks he kept telling you pfizer and illumina they have this incredible test that can detect cancer i wish he had just said i'm on the board of two companies you should own that was never his style never. too bad. those are two winners. >>> let's get to bob pisani. good morning, bob. >> hello, guys happy 2022 great start. remember, a lot of the world is closed lo london, china, so off so a great start. the semiconductor etf is us shiite of a new high there's two big sectors starting, but some of the more cyclical groups, defensive groups, so once again it's tech and a bit of banks, if you look at the big tech mover, amd, marvell, all goldman top picks, by the way, for 2022 all also, it's a deck dominated market the whole weekend was dominated about the tech bulls, a lot of the bears are arguing, this is the year for value to finally shine. the bulls are saying earnings and revenues will still le great. the bears are saying, this is it the fed's actions are going to finally slow d

juniper is jockeying with this stock illumina as the biggest premark mover. illumina is up 4.5%.iagnostics testing and equipment company. it does a lot of genetic sequencing work. demands for those types of products have helping its revenue guidance illumina and juniper among the two biggest performers on the upside in the s&p 500. keep an eye on those also, if you take a look at the big technology-related stocks over the course of the last 24-to-48 hours, what you will see is at the lows yesterday there was a massive amount of dip buying so to speak going into the afternoon into the "closing bell. one of the reasons is the nasdaq composite hit its 200-day moving average, the long-term price in a long time. it prompted some people to say maybe it's a chance to get in with discount prices apple, microsoft, alphabet seeing fractional gains after seeing massive moves off the lows of the session yesterday, we'll see if that big tech trade continues there. advanced micro despise and xilinx semi conductors held up relatively well compared to other parts of the technology sector overall

. >>> dow up almost 200 points let's check individual market movers shares of illumina surging the companyd demand for the gene sequencing treatments and the stock up more than 15% bush health seeing a pop after jim cramer said the charitable trust is adding to the position in the stock buying 500 shares bringing the total position to about 2,000 shares after that trade cramer said the weakness is a buying opportunity and wants to take advantage to sign up for the investing club point your phone at the qr code on the screen boy has the company come a long way when it was embroiled in drug pricing controversies. >> i know. sure has. >>> time for a news update with rahel solomon. rahel? >> hi. here's what's happening at this hour philadelphia fire officials say the christmas tree was the first to ignite in the house fire that killed 12 last week and almost certainly set on fire with a lighter. sources say that a child was playing with a lighter by the tree before the fire began. >>> a new york city aid is pouring in for that apartment building fire that killed 17 people and organizations fro

scott gottlieb, former fda commissioner and cnbc contributor who serves on the boards of pfizer and illuminae, the cdc, everybody has said, okay, we give up throw in the towel, we know that there are other things that we should be doing, but we're not equipped for it. it can't do it it's going to shut down the economy. i feel this is the moment we have decided, the cdc decided this is going to be endemic. am i wrong >> i don't know the cdc has made that judgment per se i think this just reenforces the difficulty cdc has had operating in this environment the last no years. when are you a public health agency, you need to speak with purpose and make sure it has a bottom line policy goal. you can't cap cure the public attention for a long duration if time the cdc repeatedly, this is not new to seemingly occupy this space not having an impending health outcome i think they were getting criticism around not having the testing requirement. rather than explain and sticking with their guns, they came out with this statement mealy mouth and didn't accomplish anything if i had to guess what they're th

scott gottlieb, a cnbc contributor and serves on the boards of pfizer and illumina we kind of expectedn expecting or anything we can do about any of it at this point? >> i don't think so at this point. i think trajectory is kind of baked right now. you are seeing cases rapidly de39 in the east coast and florida and down in california and seeing hospitals flow. the infection is spreading to the mid-west when you look at the national average, the national trends, they those will come down because the big populated areas of the country are coming through and it's spreading to the heartland, which has a small population the heartland will be hard hit, montana, north dakota, they're have an infections go up the one outlier is los angeles, the data is funky. they seem they're through the peak of the omicron wave but they didn't have nearly as many cases on the east coast one may be they had that dense epidemic last winter which had the 44k mutation in it that may have provided some cross immunity to omicron. we saw if south africa, people previously infected with the old south african varian

scott gottlieb, the former head of the fda and a cnbc contributor on the boards of pfizer and illuminares to prevent the spread, zero tolerance they call it. we hear of some of these ideas people got through the mail. does that sound at all plausible? >> no, it doesn't sound plausible. it sounds to me like a lot of fear they called more than 200 hamsters and mammals are banning them as pets, presumably, someone contracted the virus from a hamster look, i don't think this is sustainable him i don't think they will be able to keep the virus out. they're playing whack-a-mole right now. one of the large things they've restricted severely the ability of people to come in and out of china, including their own citizens once they normalize some of this movement, they will have this virus coming into that country i think they need to figure out how to get more vaccinated there is some inevitably it will spread around the world. >> are you including -- >> the demonstration recently demonstrated the vaccine doesn't hold up against omicron. that's true in the united states the vaccine in particula

scott gottlieb is on board of pfizer and illumina you appeared to be applauding this at the same timeis is going to lead to needless deaths. >> yeah. we've talked about the several times. what i said on twitter is i thought this was a bridge too far in terms of the divisive nature and the opposition of vaccination becoming an a vertly political issue, in part because of opposition to this mandate. my question is how much will we gain from a public health standpoint, that will plead into other mandates we take for granted and you see rates of child immunizations an other things come down the reality is we have 85% of adults vaccinated with one dose and will pick up another 5% along the way. i'm not sure this mandate will get us much more many of the people that remain unvaccinated video had covid not once but probably twice. you have to ask yourself in an environment where the vaccine efficacy against reducing infection has been substantially reduced against omicron. that may be reclaimed as we form vaccines that target omicron specifically heading into the fall right now using vaccina

gottlieb, the former fda commissioner and cnbc contributor who serves on both the boards of pfizer and illuminats overrun, we have 'problem, are people hospitalized because of the covid, or are they up because people are hospitalized for other things and happened to test positive with covid, because it's so rampant in the general population right now what's the ants? answer >> we don't have good data of people being hospital i'ded, and they have covid, but don't know it, or they get covid in the hospital about 20% of the hospitalizations were incidental before, meaning that 20% recorded as covid hospitalization were hospitalizations for another cause, but the patient was found to have covid and admitted as a covid admission. i suspect it's higher, but not appreciably higher, maybe 30% are people admitted for other reasons, but found to have covid on admission, but i wouldn't expect it higher than that. >> is not that covid is overrun? maybe that's the critical question. >> yeah, look, we're seeing a clear decouples between hospitalizations and cases it's well established this is less virulent,

tesla and rivian among the most searched tickers put illumina in the picks and nvidia and bausch healthfeed i'll sends things back over to you. >> i just mentioned jim cramer joins us now some more data out of england we saw south african a reason to be optimistic, maybe, for how this plays out here it happened earlier, omicron over there. >> yeah. >> does that mean the reopening trade? you have your reopening trade intact >> yeah, i just feel like when you seal these numbers, dr. pope posts them all the time on twitter. it's so hopeful. in both there is a peak in omicron and no real increase in a lot of the parts of the country in the hospital setting. so i mean, i know it's going to go to other areas where there aren't that many people that are vaccinated but i have to tell you, joe, people are acting as if this is as bad as delta, it's not. i mean my, when i got covid, it was worse than, it was obviously bad a. little worse than a cold. i thought the illness was, you try to take them, sure, i think that a lot of people may be saying that. i this i that other than schools, which are p

this past three budget hearings have been very illuminaing and informative and appreciate the staff's work on working so hard to putting it together and bringing all the information to us and with that i think you're adjourned for today. thank you. >> thank you. >> important inform keep the drains clear it impacts the flooding in the environment and the neighborhoods. >> hopefully, we'll have another rainy season that is important people keeping up tare trains 72 hours one thing to captain about things but take responsibility. >> we will in the best city in the world keep it clean. >> i invest a live-in san francisco for 38 years and proud owner of here. >> if we chip in i'm daniel a small business owner in the tenderloin and named in any drain after any boss. >> wear gloves. >> i'm diane this is kay we're in the golden gate hewitt's area >> it had been rain for several days. at 12:30 there was a notice of large amount of input into the reservoir. we opened up the incident command and started working the incident to make sure employees and the public were kept were safe there is what