refreshing to hear ken frazier talk about innovation and drugs. other companies who like to talk about their tax rate more than anything else. >> i think ken was really interesting and -- i did an exposition on biogen last night on my show. merck does have a terrific alzheimer's combination. he doesn't want to give false hope to people. thank you. a lot of other companies give a lot of false hope to people. >> are you referring to lily? >> lily a little less than others. not crazy about this idea. people who suffer from this disease, you kind of got shafted. >> that was your big complaint on biogen. >> yeah. don't give these people false hope. this is a horrendous disease, and that's why i like what ken frazier said. he said maybe in 2017 we'll have data. let the science speak for itself is not a bad strategy. >> and with the baby boomers aging, it's only going to become more widespread. >> my trainer's father passed away from it young and he would say, i think they have something. they did manage to make people feel they had something. >> bp getti

don't miss the ceo ken frazier, he's going to be joining squawk on the street at 9:00 eastern time fromyou do not want to miss that. >>> the houston astros are so confident in this season's playoff chances, they asked taylor swift to move a concert at their home ballpark because it would fall in the first week of the playoffs. wow. the astros haven't been to the playoffs since 2005 but their chances look good. they're just one game back in the american league west. there's apparently no bad blood with taylor swift. she moved her concert from october 13th to september 9th. >> they moved to a different league to try to get in. they're not american league now. anyway never mind. >>> luxury hotels are at the forefront of the building boom. there's a 46% -- the three pointers. increase in a number of high end rooms under development compared to last june. the ritz-carlton is set to expand its portfolio of 89 hotels with 12 projects under development. the luxury hotel chain was just awarded and awarded and was awarded the jd powers 2015 guest satisfaction, it was number one. herve humler is c

ted wells i know went on to harvard and some classmates include ken, from american express, and kenna frazier. a lot of highly accomplished men from that generation but also a lot of disappointment and what of disappointment in what happened with the black middle class in this country, what happened with education and the erosion of opportunities. frankly i think what also happened in terms of the decisions, some of which have been made by justice thomas in terms of, you know, opportunities, affirmative-action and such and a sense that the next wave for this generation is going to be financial. it is going to be encouraging entrepreneurship, it is going to be basically giving people the tools to start their own businesses and to inspire the same -- i think that is my phone -- inspire the same leaders. in closing before i take questions one thing i want to set it is another -- say is another thanks to the holy cross community because one thing this reporting process has reinforced to me is the strong fraternity that this school had at the highest level of giving which is amazing especially for