this is against j&j. the other cases coming up in ohio, that is against multiple different defendants and these defendants don't have the same type of resources or diversification that j&j has so as a trader, i would not take this move in j&j to mean anything for these other companies. the only thing it probably means is wall street is expecting around a billion dollars, this is $572 million so if there is a judgment, it's less expensive. >> it was a $17 billion ask. i mean, let's -- that's a big discount >> this is 96% less than sort of the peak of what it could be but let's be clear i mean, nobody around this table is an attorney we've got other things -- do you worry, mark, that yes, this may have gone favorably for j&j and its shareholders but you think about big tobacco, $268 billion national settlement that took decades to get to. >> yeah. >> is there too much risk to own j&j? >> i don't think so at all this thing's dirt cheap. it's trading at like 14 times forward earnings right now huge valuation

j&j ordered to pay $572 million.ay seem like a lot of money and it is but the stock reacting the way it is because some estimates had them paying as much as $2 billion. we'll get much more reaction to that decision moving not only j&j but a number of stocks in that space. >>> meantime, back to mike santoli for the final dashboard of the day. >> thank you bad news banks not bad news bears i know you got the theme. >> of course. >> but bad news banks, underperformed slightly, down 11% month to date. haven't been able to get out of their own way. this is a very long-term chart that plots the financial market cap relative to the s&p 500. essentially this is financials representation within the s&p 500 and it adds back real estate stocks most of the history, included in financials and one thing that it's showing is each psych wl a low in the relative performance of financials as you did in 2000, 2009, made lower lows. the bet here is that there's nothing in this chart that says that banks are about to become a leadership

j. they know that drug companies are not liked. they're not. >> no. >> i mean, where are they in the hierarchy of disliked companies? high should they be >>> all right. up next we're going to have jim's mad dash we'll count you down to the opening bell, about 15 minutes until we get started with trading here at the nyc. we're expecting a higher open. more "squawk on the street" straight ahead see that's funny, i thought you traded options. i'm not really a wall street guy. what's the hesitation? eh, it just feels too complicated, you know? well sure, at first, but jj can help you with that. jj, will you break it down for this gentleman? hey, ian. you know, at td ameritrade, we can walk you through your options trades step by step until you're comfortable. i could be up for that. that's taking options trading from wall st. to main st. hey guys, wanna play some pool? eh, i'm not really a pool guy. what's the hesitation? it's just complicated. step-by-step options trading support from td am

an oklahoma judge finds j&j helped fuel the state's opioid crisis, and it could have implications for other cases yet to come. >>> streaming strategy. disney's taking a different approach than netflix, it's betting on the power of its ands. those stories and much more tonight on "nightly business report" for monday, august 2 >>> good evening, everyone, and welcome. therwas a changn tone and a change in the direction of the stock market. president trump struck a more conciliatory note at a meeting of world leaders at the 7 summit in france, and there was a sort ning of rhetoric when it comes tde between the u.s. and china. it was a shift from a few days ago when bjing imposed new levies on u.s. goods and then the white house increased tariffs on chinese goods. as we reported friday, the present also told u.s. companies doing business in china to relocate. so just the notion of a de-escalation in traenons september stocks higher. the dow jones industrial average rose points to 25,898. the nasdaq was up 101 and the s&p 500 added 31. eamon javers reports from the g7 in france.re >> report

>> the j, the jewish news of northern california.it's a local based newspaper publication and we write articles and report on different jewish issues that pertain to the jewish community here. >> so you grew up in the bay area >> yes i did. i grew up around berkeley, oakland, clayton. >> where are you now in college? >> i got columbia university. >> so you're at jacob the jewish community newspaper. are you a journalism mayor? >> i am in english and sociology major. i love writing. i was the youth poet laureate of oakland. writing has always been a passion of mine and i think journalism is just one way i can tell the story that i see of the world and that i can talk about jewish people and all the beautiful diversity in the ways that we exist. >> so what attracted you to even consider the cone internship program? >> so i actually had a piece written a couple years ago when i was in high school that the j republished and it won an award , an american jewish press association award. i was looking for a summer internship for the summer

--on't see [indiscernible] j. tatel: those could prevent a president from running because he has a conflict of interest or as you also say would prevent him from exercising the power of presidency. i am asking about the disclosure. lot about conflict of interest and suppose we just look at the justification, just the fourth one, which is whether the president of the united states has inaccurately recorded his finances. think that is -- if i think there is no constitutional , do we deal with all four aspects or is focusing on one enough? [indiscernible] if you think about just the say based on have public record. completely agree with that. if i am looking at just this one, the advocacy -- mr. consovoy: [indiscernible] congress -- for the federal communications act some aspect of its rates. onl it seek testimony whether companies are complying with it and whether we need to extend the statute? mr. consovoy: if they were ,enerally looking at companies i think i would have a harder is law enforcement. again said over

& j's ceo.s his message for hem >> i challenge the ceo to put his money where his mouth is the business roundtable, of which he's a member, has made the very daring statement that they're going to start looking out for people outside of their shareholders this is a responsibility put action behind his words. >> reporter: now, j & j saying it will appeal saying it is not responsible for the crisis here. it's going to ask to stay that $572 million judgment until it gets through the appeal process which it expects to take through 2021 back to you. >>> let's bring in josh jennings, managing director, senior research analyst at callen $572 million to j & j is not that much, i guess, josh, but it's been pointed out that some of these smaller companies, they see that, that's a lot to them this may induce them to settle some of these other pending cases. do you think settlement talks will be more in earnest at this point, josh? >> good morning, and thanks for having me on i do i think this could be a ca

j&j, they have very little exposure.have modeled in nearly a million dollars in costs for the litigation and realistic and within the ballpark of where they end up with this whole process. i think when we see the case coming out of oklahoma that was over $500 million even though the market was happy with that i think that's a high number and extrapolate to the cases in the u.s. you have a large number and what's likely is this case in oklahoma gets appealed and i think we will see some settlements over a long period of time that will make this whole process go away but i think it takes time and i think not as bad as what the oklahoma case says and what the recent announcement that purdue may just a few minutes ago. >> also some talk of perhaps a global settlement that the industry might participate in. we have to leave it there but thank you very much for your time today. >> thank you. >>> we have six minutes left until the close. stocks fading once again dow down 112 right after the bell, earnings of hpe josh lipton has

the reportede offer to set come one day after a landmark ruling against j & j which, as we reported lastwas ordered to pay half a "big tettle lies" dolla-- half a bil dollars to the sf oklahoma for helping to ignite one of the biggest epidemics in his. ylan moiy has the details from >> reporter: purdue pharma and the family are negotiating to settle the lawsuit between them. about 2,000 cases were consolidated cn federrt in ohio, accusing the company of starting and susining the ioid crisis. nbc reports purdue has proposed fili bankruptcy and restructuring into a for-profit trust. that trust would p out between $8 and $8 billion, including about $4 billion of in-kind drugs to localgovernment, including medications that help rescue users from overdoses. they would then pay an additional 3 to $4.5 billion dollars. it could be a step in rching settlements for other companies as well, similar to the tobac ttlement in 1998. >>> in a statement, purdue said it sees lintle good c from years of wasteful litigation and appeal and a constructive global resolution is the best p forward. the stafford

there may be a relief rally in j j&j. but, you know, for the next six months, i think, at least health care in general will be in a holding pattern and anything associated with opioids is still tarred >> do you think he is right that this case will serve as a template for what we would see in the rest of the states? >> well, certainly, that's what wall street thinks, kelly. j&j wouldn't like wall trestreet think that public nuisance laws and different from other states. so, you can't translate it into other cases and we're going to see a massive federal case consolidating more than 2,000 lawsuits from states and cities that has been consolidated in federal court in ohio. that first trial will start in october. the judge there is really pushing hard towards a master settlement whether all the companies can come together and reach one is an open question >> thanks, meg, at the courthouse by the way, what would you invest in if you would stay away from this whole segment? >> we're focused on medical devices, in particular th

and j. but their stock is doing just fine. with trading joins us to break down the latest opioid expose drug companies and the rest of the farmers all that in the supply bottlenecks slowing down the latest fast food craze in one spicy show let's go. another step toward a hard break between the united kingdom and the european union leads our global report today as the queen of england approves prime minister boris johnson's request to suspend parliament queen elizabeth specifically granted the prime minister's request to prorogue the parliament in september effectively narrowing the window in time for the opposition or dissidents or mr johnson's coalition to legislate a barrier to a no deal brags that mr johnson has given every indication of being dead set on taking the u.k. out of the e.u. want to 31st without a deal if the e.u. does not submit to his demands regarding the so-called backstop on the border between ireland and northern ireland some experts on the u.k.'s unwritten constitution

analyst expected j and j to be fined as much as $5 billion. the stock is up about 2% this morning in part probably because this was priced in already the danger of a $5 billion judgment shares of other makers of opioids are also higher this morning. johnson & johnson plans to appeal saying the decision is flawed and that the state failed to present evidence that it's products or actions caused the crisis the trial had been closely watched by plaintiffs in nearly 2,000 cases against j and j and other opioid manufacturers those had been consolidated into one case pending before a judge in ohio and settled in pursuits against purdue far ma and teva. >> it's far from over. >> when we come back, why renewed hopes of u.s. china trade talks may not be enough to reduce the markets this morning and facing it's first customer lawsuit over it's grounded 737 max jet fleet. later why wall street is eating up kfc's new tie up. it's a very busy hour still ahead when worldwide exchae rern tus.ng do you have concerns about mild memory loss related to aging? pr

i think it will get you done either way >> buy chubb, buy j&j and bk says, sell everything, sell the kids, sell >>> my mission is simple, to make you money i'm here to level the playing field for all investors. there is always a bull market somewhere and i promise to help you find it. "mad money" starts now hey, i'm cramer. welcome to "mad money. welcome to cramerica other people want to make friends, i'm trying to make you money. my job is not just to entertai but educate and teach you. call me or tweet me. every time president trump says something inflammatory that panics wall street and sends the stock market plummeting, like we saw on friday, you got to remember that this president doesn't want stocks to go down he wants stocks to go higher and that's how you get a day like today where the dow gained 270 points and s&p claimed and the nasdaq pole vaulted to 1.23% trump knew things looked bad after friday's sell off. he decided to say something positive and turned things around did he call them -- did they call him there was a call people, that's beside the point. on friday the pr

first, we will take a look at j&j.s brought by the oklahoma attorney general going after j&j for its involvement in marketing opioids. jj lost that case and was ordered to pay $572 million. you are seeing shares popping on this news because that is not as big as analysts and investors expected. you had different opioid companies settling for less. this is not as bad as it could have been. alix: implications for the industry -- we will break that down in a moment. revlon,ant to return to the second company we are watching this morning. is looking for a strategic fire -- buyer after the holiday weekend. they will go outcome approaching some of the interested parties that have already come forward and expressed some sort of interest in buying the company as a whole or their bigger brands. we will see how that plays out for them. this is not the first time they have gone to the market and looked for potential party is that they can partner with. we are seeing premarket shares popping a little bit. there are only 1500 share

and yo jawndz j & j, buty pharmaceutical company.this was that's the problem for the industry. >> teva settled. perdue settled. you look at these cases, ohio this fall, we're going to see more of these cases. you may see settlements come out of that. there's a number now. there's a rubric. cheryl: it's not affecting the stock now because they're going to fight it but long term, no one knows where this goes. if you own shares of j & j you're wondering to yourself what's going to happen, right? >> it didn't affect the stock immediately i think because investors are thinking oh, my gosh they're asking for 17 billion. so maybe the sting wasn't quite as bad. there is a pending a appeal. but more of these cases, that could affect the stock market. cheryl: two other quick big high profile cases today, epstein, new york, his death ruled a suicide but the victims are going to be heard. what does that mean for the estate? >> this is going to play out like victim impact statements like we've seen in criminal cases. what this means for the estat

j & j blasting the decision moments ago good evening i'm david asman, this is bulls & bears thanks for joining us. let's get right to grady who has all of the details. greenland? >> well it wasn't the $17 billion the state was hoping for but it was still a large and landmark ruling because this is the first time that i state has taken a drugmaker all the way to trial and also as a result of the verdict today, the first time the state has won, so as we mentioned, we'll put that number on the screen right now, $572 million that j & j is ordered to pay out to the state of oklahoma as a result of this lawsuit. basically the state argued that oklahoma or rather the drugmaker , j & j, was a public nuisance by aggress every market ing opioids down playing the risk of them and then essentially flooding the market with the painkillers, and part of the cause for some 6,000 people who died since 2000 in oklahoma as a result of the opioid epidemic. so we've been hearing from both sides after this verdict was reached today, and we want to get to a quote from the state attorney or rather the attorne

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usless j. ti really do. >> loond a been rolling iith the image awa.ted for everything that you do. much continued success and we can't wait to sllenhieech come friday. >> thank you. thank you so much. thank y all right. >>> jada pinkett smith. she's just wonderful. and back upstairs to you. i can't wait until she comes s>it us in the studio. hele'st's keep it in hollywood. big surprise at the box office over the weekend the r rated comedy good boys off to good start. dethroning hobbs and she was for the number one spot. movie surpassed expectations earning $21 million in its debuk end. it is the first r rated comedy in the last three years to open number one. good boys had good word of mouth helping it out. kevin gave it 4.5 stars really like it. the last r rated comedy to open a number one was melissa mccarthy's thes in 4 million after two weeks at number one. lion king still hanging in there at number three. angry birds two and scary stories to telou the dark rnd out your top five. but the r rated good boys coming out number one. >> i want to that.

so doctors have down on too here, not just j & j. doctors are being sent to prison for prescribing 60,000 pills in a year. that's where they belong. i mean, j & j is being held accountable and what's really precedent-setting here is that a verdict was delivered. now, they will go and appeal and play games and they will get their lawyers involved but a verdict was delivered here and that's very very important. the reason their stock is up, by the way, is because investors thought it was going to be $17 billion and it ended up being much less than that. but the state had a pretty strong case. the mental health commissioner was crying on the stand about how much damage has been done to the public. stuart: that makes a very good witness in favor of the prosecution, now, doesn't it. where the medical guy cries on the stand, you have yourself a jury that's going to go that way. >> but she meant it. because a lot of harm has been done. now, the other point i want to make, the money here is supposed to go to programs, you know states always

|j these two private jet flights?”but my understanding of that is you basically put money into various environmental projects, of which tree—planting environmental projects, of which tree—pla nting might be environmental projects, of which tree—planting might be one. apparently, but... there are formal schemes that you can spend money, and they do it properly so it's not just sticking a couple of trees in your garden, it's a bit more professional than that. are these two, the royal pair, the royal couple, are they getting some unfair stick in the media, and if so... there has been a general campaign ever since meghan came on the scene to try to criticise whether it is herfriends, to try to criticise whether it is her friends, whether it is the wedding, whether it was, you know the protocol, there's been several things, even from seating arrangements at wimbledon this year. and stopping the photographer and taking a picture. and the gift voucher on the wedding, someone put it on ebay, they got the flak for that. they ar

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how j & j is fighting back.hy spacex's star hopper is still on the ground and when the company will try again, next. ♪ -and...that's your basic three-point turn. -[ scoffs ] if you say so. ♪ -i'm sorry? -what teach here isn't telling you is that snapshot rewards safe drivers with discounts on car insurance. -what? ♪ -or maybe he didn't know. ♪ [ chuckles ] i'm done with this class. -you're not even enrolled in this class. -i know. i'm supposed to be in ceramics. do you know -- -room 303. -oh. thank you. -yeah. -good luck, everybody. -oh. thank you. -yeah. managingaudrey's on it.s? eating right? on it! staying active? on it. audrey thinks she's doing all she can to manage her type 2 diabetes and heart disease but is her treatment doing enough to lower her heart risk? [sfx: crash of football players colliding off-camera.] maybe not. jardiance is the number 1 prescribed pill in its class. jardiance can reduce the risk of cardiovascular death for adults who also have known heart disease. that means jardiance can hel

. >> critican a j balvin por su nuevo video y j balvin responde. >> "big papi" regresa a las redes socialesndo ser un buen padre, mientras el mexicano jimÉnez se convirtiÓ en el hÉroe de su equipo. tenemos todos los detalles en los deportes. >> la ex a amante del preso nÚmero 1 de peru, nos cuento su vida amorosa jacqueline beltrÁn nos cuenta lo que viviÓ con vladimiro montesinos. >> negarÁn residencia a quienes recibieron ayuda del gobierno. alerta de salud una peligrosa modalidad de utilizar cloro para tratar enfermedades. >> ademÁs atenciÓn a los padres, conoce los 4 grupo de alimento que ayudarÁn a tus hijos en su rendimiento acadÉmico, dÁndole mÁs energÍa y concentraciÓn en los estudios. >> entrevistamos a angelina jolie, salma hayek y todas las estrellas que se dieron cita en disney. >> pepe aguilar, sus hijos y paquita la del de barrio conquistaron texas con jaripeo sin fronteras. >> y jesÚs salas aseguran que pronto recuperaran las propiedades que tiene silvia urquidi los hijos de juan gabriel estÁn sufriendo por sus bienes. >> y primero domingo de eliminaciÓn y primero eliminado de

what j&j did in oklahoma is decide to take their case to trial.le it was a good day in the market, concerns that had could have been worse, it spoke to the idea that it might be better to settle. the companies that had settled prior didn't have to pay nearly as much money. it comes a day later that purdue decides we are going to go forward with the settlement and offer something where we do this kind of controlled bankruptcy, and the money goes to settle this case. they decide to put in some of their own cash, probably to get it across the line, and speaks to probably what we would have expected. they may be picked up the pace because of what happened with j&j, but it certainly shows that the direction is going to move in the winds of settlement. 11.5e: what would an billion dollars settlement be in context? is it a large settlement? how many cases, states and people are we talking about? cynthia: we are talking about 2000 cases that puts a lot of this to rest. for purdue, filing bankruptcy would really put it to rest because the proceeds would go

and the president, donald j. trump will be out here. let's give him a big hand to get him out here faster. thank you. thank you, new hampshire. ♪ [music playing]a well if you told me you were drowning, i would not lend a hand i've seen your face before my friend, but i don't know if you know who i am well i was there and i saw what you did, i saw it with my own two eyes so you can wipe off that grin, i know where you've been it's all been a pack of lies and i can feel it coming in the air tonight, oh lord well i've been waiting for this moment for all my life, oh lord i can feel it coming in the air tonight, oh lord well i've been waiting for this moment for all my life, oh lord, oh lord well i remember, i remember, don't worry, how could i ever forget it's the first time, the last time we ever met but i know the reason why you keep your silence up, oh no you don't fool me well the hurt doesn't show, but the pain still grows it's no stranger to you and me i can feel it coming in the air tonight, oh lord well been waiting for this moment

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quote, what the market wanted to hear fromxdj.ldxdkeep pace with china and other countries around the world. as usual, powell let us down the most important effect some in the market beganxdwonderingf the market ma i do this as one and done is that the right way to think about it let's look at what fed watchers call other mid-cycle adjustments. 1995, they get three cuts over seven month, 1998, three cuts over these three months. '01 and e'03 or the nine in 20 and 2008.ó[ powell have you as to remembere stuck to the basic economy is in good shape it doesn't need helps, just tweets, it's not a major adjustment he honored someok former fed officials for fought making move next. the former philly fed president guest on cnbc frequently says the explanation justified the left and it may have a data dependency that could serve to guide future policy actions. of course, we'll see tomorrow, a warning if the job numbers are stlong strong, the cutting rates was justified by powell and, joe, i don't know, if it's too early to joke. but y

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j strategy or?ot. it's kind of easy to second-guess and say welcome he could've quietly settled and dropped out of this case but who knows what the offer was. there may have been an offer in the billions for j&j that made it a different picture than some of these other comments without being totally inside, it's hard to second-guess it too much but all of them can expect more litigation i guess is the bottom line. you and jim trustee, thank you very much. appreciate it. so the potential fallout for drug prices following this ruling, right after this just "some pens?" methinks tul pens would serve m'lady well. thanks. and a unicorn notebook! get everything on your list. this week's doorbuster- 50% off school backpacks, 50% off in store or online from the advisors at office depot officemax. take prilosec otc and take control of heartburn. so you don't have to stash antacids here... here... or, here. kick your antacid habit with prilosec otc. one pill a day, 24 hours, zero heartburn. >> charles: a judg

j.in the dust. plus if todd chrisley knows best maybe he should have known better. is the reality star dragging his own daughter over an alleged sex tape scandal? >> for that i'm cursed. >> and "90210" besties face off. >> what was it like kissing jason all over again? >> you're asking me that. kind of gross. >> makes you sweaty. >> this is "entertainment tonight." is rihanna super bowl-bound after jay-z signs on to help with the halftime reporter? >> "e.t." was there. but right now miley and liam. first the shocking spread. then she's seen kissing another woman. now the new twist after hemsworth broke his silence and we got new reporting on the wild yef est break-up of the year. >> it's miley's new break-up ballad. ♪ baby we were fine but not a lot ♪ ♪ so it's time to let it go >> thursday night cyrus released the song "slide away" five days after she announced she and liam were over. and fans are trying to decode it. ♪ back to the ocean ♪ i'll go back to the city life ♪ >> remember, mi

investor clearly think it could have been worse for j&j. be that as it may let's continue with coverage for markets. oil is down. that is four sessions in a row. phil flynn joins us from chicago with details on the trade today. what happened? >> it really was. when you saw the markets opened sunday night, we were worried about g7 trade wars. then a phone call from china, prices opened a dollar higher. looked like the market started to go up, oil demand expectations rise, so did the price of oil. later in the day as the press conference from on emmanuel macn along with president trump talking about possibility of having talks with iran sent oil prices down. why is that? because everybody knows that iran has a backlog of oil right now f there is any slight possibility that that oil could be released backs on to the market it will be a very bearish event for oil. of course president trump says that the talks have to be under the right circumstances and of course we heard back from iran their ballistic missile program is off the table. so the t

. >> backstage, we caught the j-sisters, minus priyanka, trying to share in their moonmen moment.n, we'll give sophie a moonman for being all of us reacting last night to the show, including shawn and camila's makeout fakeout. >>> camila might not have sealed the deal, but her ex, fifth harmony bandmate normani went all-in. ♪ i'ma break it off let me be your motivation ♪ >> people don't have any idea, it's three minutes i'm up there on stage. ♪ i'ma break it off let me be your motivation ♪ >> but they have no slightest idea of the hard work, blood, sweet and tears. >> this isn't just me. you know, i'm really, ry blessed and dprgrateful for -- my god who's playing that? >> what's going through your mind right now? >> right now? i was honestly still freaked out about the fact that the situation wasn't working but i was like, go for it. i'm so happy. i literally have bruises on my knees from however many times i did that split. i'm probably going to cry tonight. >> normani's performance likely would have stolen the night, if not for vanguard award winner missy elliott. ♪ missy be put

j, after that landmark decision, a case that actually went in favor of the state against j&j, but j&j rallies off the lower ntder of payme we're after a quick break here on "squawk alley." dow down 16. >>> instagram working on a new messaging app called threads that's not exactly like what we've seen from snapchat before. julia boorstin is in los angeles with the details julia? >> reporter: a source close to the situation tells me that instagram is internally testing a new app it's calling threads it was first reported by the verge. threads is designed for messaging or sharing photos or videos with your close friends on instagram it's effectively kind of like a spin-off of instagram's direct messaging service. using the closed friends list feature which instagram introduced last november a key feature of this new app is that users will be able to automatically share their status with close friends such as if they're busy, working, watching tv, or they can even use gps to share their general location or their speed, to show you're on the move though my source tells me they wouldn't sha

j powell or chairman xi? now the president doubling down on china via twitter saying he will raise 25% tariffs to 30% on 250 billion dollars worth of imports of china on october 1st. then the tariffs starting september 1st would go to 15% from 10%. every fed president i talked with said the tweets don't make a difference in their decisions. they enjoy a level of independence from the president. now, i was told on many occasions, the federal reserve is looking long-term and will not react to daily pressures. but the feeling at this year's symposium has been a little bit more serious. the federal reserve is now front and center in the middle of the trade debate and the president put them there. david? david: edward lawrence, thank you very much. joining me now, peter navarro assistant to the president director of trade and industrial policy, the director of the white house national trade council. great to see you. thank you very much for being here. >> good evening, david. david: it is no news to us. for years

j this is a big case because & j went all the way to trial.as some concern from the investor community that the fine could be as high as $5 billion. everybody was waiting for the 4:00 judge's ruling. number for a huge company that faces hundred if not thousands more cases, it is much less than wall street expected. lisa: i know you have been tracking the opioid crisis, sort of how local and the federal government is responding. how many more cases like this are there out there? company cases -- one faces something like 1900 more. they start out with one company and they get swallowed up into master cases. one of them is in ohio, and that will sort of be the big one. there are a lot of cases and a lot of what is going on here will probably be more settlement talks behind the scenes. but if companies feel they have no wrongdoing and they can keep fighting, maybe they will continue to take them to trial. a situation like this where it seems like the cards are stacked against the drugmakers. billion inalf a fines, in perspective, they are making $

she is now writing a major new biography of former fbi director j add your hoover, entitled -- of j edgar hoover, entitled "t man." the floor is yours. >> thanks. i'm going to talk today about a key study in the deep state, and that is, as aaron suggested, it edgar hoover. i am in the final stages of writing a biography of hoover. a popularertainly perception, hoover represents many of the features of what may be labeled the deep states that have already come up here. ia wrote down some of aaron's keywords from the introduction, "conspiratorial, illegitimate, unelected." this image of hoover as one of the -- one of america history's great unaccountable who sat in, someone the background exercising great power without a lot of accountability. there is a lot of truth to this image. just as a reminder of j edgar hoover and his place in american history, he was director of the fbi from 1924-1972. he was head of the fbi for 48 years. that means he came to power in that job at the age of 29, and he died in that same job at the age of 77. he was appointed under calvin he lasted through coolidge,

. >> j >> joe: so, vic fangio, his first year as the broncos head coach. and he steps into this situation in the afc west. that is the football power index. the projection as to the chance to win the afc west. i saw these numbers, and i said, chargers, 24%? i get it with the chiefs. we know, with that loaded offense, mahomes coming off the mvp. broncos, 6%. raiders, 4%. a lot of factors come into play, but that's what it is as of right now toh west. nd yutt ecent ews, h hasbeenppening, ho cae n is that derwin james, the all-pro safety, is going to be out of action. >> referee: offense, number 13. five-yard penalty. first down. >> joe: for upwards of four months with a stress fracture in his right foot. he will need surgery. does that change the way you think about the chargers? >> booger: just a little bit. the reason i favor the chargers is because of their defense with bosa. and their ability to rush the passer. and james, he's a playmaker. safety, outside linebacker, can play in the box. they'll miss him. >> joe: a good effort for the interception that

south korean president moon j in described japan as a selfish nuisance and warned of consequences. my own equivocally warned that the japanese government will be held entirely accountable for what will unfold going forward japan attempts to harm our economy the korean government also has countermeasures with which to respond. to the. earlier in tokyo the japanese government announced that it would cancel south korea from its white list of preferred economic partners this could complicate the imports of defense equipment and materials used in the chip industry. deal. this move was approved to revise japan's export controls appropriately and was not intended to hurt japan south korea relations or to craft countermeasures. south koreans no longer consider japan a friendly nation one official warned seoul says japan is retaliating against south korean court rulings last year. these ordered japanese companies to compensate korean plaintiffs for their wartime labor during japan's brutal colonise ation of the korean peninsula between 101-1905. japan points to an erosion of trust since the

peers will remain that is our emergence that is ideology every civilian digital today the civilian j t f has around 26000 members many are school dropouts who serve little atlanta to have to fighting in the militia their growth has left residents worried that my degree is turning increasingly violent activist ahmed bill lawry is one of them locals call him a peace ambassador all the while adam blows and the more government counters in inappropriate manner the more you know you know aggressive our people are trying to be is giving it's changing the cultural mindset of our people our people are now right becoming violent by today and abu have to fight to survive day in day out every month he gathers members of the community to build networks of activists and to work on education programs one initiative aims to encourage young people to return to school and to speak out against hate speech and he courageous community. before we had all year to vent to school and you were being is a sensible for our children. and also for health especially he has met with caution time is still very major

i've never seen conduct that rises to the level of what j&j did here. every time a sales rep came into the state of oklahoma and talked to doctors, 150,000 times they denied their drugs were addictive. but at trial, we forced johnson & johnson to admit that they never did a study to show how addictive their drugs are. they didn't know whether it was 0% or 100%. one of their witnesses said it's 100%. one of their experts, we found a videotape of him saying it was as high as 25%. so, chris, if you or your family went to talk to your doctor and said, look, i have chronic back pain and i want to take an opioid, what's my chance of getting addicted? what you want your doctor to say is, chris, this is a tough decision, we don't know, the science is still out there, maybe you'll get addicted, maybe you won't, but it's as high as 25 to 100%. but that's not what happened here. they lied and said it was zero. and on the pseudo addiction thing, one of the things that j&j funded was a book that came out in oklahoma. they led doctors to believe that if someone came

|j the shortage may relate to increasing demand?ere is more discussion is infair? dissipated. there is more discussion is in fair? that there is more discussion and increasing in interest and they are starting to do more research and do more studies to look at the safety issues primarily and then also try to look at better formulations with furious side effects that are more effective. and some people will not want to take a preparation and will deal with it naturally, by their natural remedies that you recommend ? naturally, by their natural remedies that you recommend? there are herbal remedies that help for a while. red clover, and the problem with a lot of the herbal remedies if they had something where they work initially but then they stop working so if you ta ke but then they stop working so if you take them i suggest you take them for a few weeks and then stop for a week and then restart them but none of them are as good as hrt. thank you so much for coming with their advice, we appreciate it. the headlines on bbc news... al

i like j & j and it is not tied solely to pharma. >> karen finerman. >> i'm going with what i like.t the business is growing nicely yahoo! >> positioning is so ultra negative, kohl's store >> that does it for us see you back here tomorrow at 5:00 for more "fast money" "mad money" starts right now >>> my mission is simple, to make you money i'm here to level the playing field for all investors. there's always a bull market somewhere and i promise to hope you find it. "mad money" starts now hey, i'm cramer. welcome to kw"mad money." welcome to cramerica other people want to make friends, i'm trying to make you money. my job not just to entertain, educate and teach you. call me or tweet me @jimcramer there are two universes and that is the only way to