meg, thank you always appreciate it >> yes >> eli lilly hitting the news. another big step in the fight against the coronavirus and potentially the opening of this economy. >> it's great, it's fantastic news i mean, i understand why eli lilly is higher. here's the questions you have to ask yourself end of earnings on january 29th, 25 times or so next year's numbers. is it getting expensive? probably a little bit. maybe 12% eps growth, which i understand is not necessarily the reason not to own it, but it is getting expensive on valuation basis, so i'm inclined to take profits in lilly here end of earnings. bristle meyers, and third i say this not to be gratuitous but i don't know as a network what we'd be able to do without meg terrelle over the last year. you think about what she's done covering this specific topic, it's extraordinary i think it's worth mentioning again. >> i think i speak on behalf of the other traders when i say plus four. i'm seconding that motion for sure karen, when you hear about this, do you think about your position, let's say, in

eli lilly, from the sublime to the mundane. eli lilly just reporting the drug maker earned an adjusted $2.75 a share for the 4th quarter, beating the consensus of 2.35. revenue above analyst forecasts. helped by strong sales of diabetes drugs, the launch of the antibody treatment, and we're going to talk about eli's quarter, with ceo david ricks. that's come ing up in a minute >>> caterpillar out as well. and looks like caterpillar came in with earnings that were quite a bit better than expected this is of course the heavy equipment maker, reporting adjusted quarterly earnings of $2.12 a share. the street was looking for $1.49. it came in at 11.24, versus the 11.25 that the street was anticipating just running through some of these number very quickly, this was down, you know, the sales and revenue was down 15% t, but again, in line with what the street was anticipating for all of this. trying very quickly to see the comments from the ceo. well positioned for the future we think we'll emerge from the pandemic with stronger comp

after me, after seth, comes lilly.eady? all right. what is your new jam what is a new song that you discovered >> hm, okay, well saweetie was my first guest, and i discovered her song "best friend" with doja cat. and i can't twerk, but that song makes me want to try. you know it really makes me want to try to twerk, and i love it. >> jimmy: what's a new game that you played? >> okay, so, i think i'm late to the party here. because i thin i discovered catan and now i'm a full-fledged is my thing. >> jimmy: dude, i want to make a t-shirt that says, "nobody wants your sheep." >> exactly send me one. that's genius. >> jimmy: nobody wants your sheep. [ laughter ] >> wow i've never felt more seen. >> jimmy: that is a nerdy thing that just happened all right, i love that >> that settles it it and by the way, a little late to the party, that's a segment on your show right there a little late to the party that's a new segment all right. here we go what is your newest mantra >> my newest mantra is quite simple it is simply, "wha

we've been steadfast on lilly.n you have a mover with this kind of volume on something that's in phase 2 and probably won't come to fruition until three to four years now, i think the market gave you a gift, mel. >> that should be good tomorrow. >>> we have a lot more on "fast mone money" here's what's coming up next. >>> all eyes on earnings as we count down to the first big reports of the year. it could be a big one. we'll talk to one top strategist about why he thinks we're in for a wave of good news. >>> and later, bitcoin could boom or bust, but there's one company that could get a boost either way we'll tell you what it is and how it can help you play the crypto craze we've got that and a lot me wh "ston" returns. >>> welcome back to "fast money. stocks trading at record highs the real truth of the market may come later this week jpmorgan, citi, wells fargo on at that point with q4 results. earnings season will exceed expectations as predicted. jonathan golub, head of quantitative research at credit suis suis

again, season premiere of "a little late with lilly singh" is tonight 1:35 a.m.y side dish on make-ahead monday, with the food network host. >> look forward to that but first -- >> don't ask what we have because i don't know >> lilly singh. >> and jenna. >> you go, it is going to be a great. >> so amazing. >> but you'll have to wait to see it. >> explore the sober curious theme. >> look at that. we're back after your local news and weather. have a great day >>> good morning, everyone, i'm scott mcgrew, it's 8:56, barricades are up outside twitter's san francisco headquarters just in case trump supporters decide to protest twitter, shutting down trump's twitter account. so far nothing to worry about, no one there, the actual building this morning empty as twitter employees work from home. san francisco police say they're ready if needed. happening now we have a live crew in downtown san francisco keeping an eye on the situation. but again, they say there has been no protest. we'll have the latest at midday if there is. >> the house has introduced articles of impea

we spoke about this with the manufacturer of the eli lilly drug makers. >> the south african variants the one to be concerned, because it has more dramatic spike to the protein that is the target of these, and it could evade our medicines. >> joining us to discuss this is vere technologies ceo who has a drug that may not be vulnerable to this variant. and thank you for joining us to the jpmorgan conference that you will be presenting from smith gl glaxo kline. >> we took a different approach from eli lilly or regeneron or az, and we took a part of the spike protein that does not change it is very hard for the virus to change, and it is shown by the same fact of covid and sars and many other coronaviruses, and we have said all along, it is a better way to deal with if potential resistance than two antibodies that binds to a region that changes frequently which is true of lilly and regeneron. so some said that lilly's may not work against the south african variant, and so as we can tell from what has been published, probably one of regeneron's keeps the activity there and the other doe

jack: big news in the alzheimer's world or, eli lilly and biogen had news about it, we don't have time. >> see ya. jack: up next, round table jack: up next, round table members giv jack: up next, round table members giv ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ jack: jack, it is market lore or that joseph kennedy sold his stocks right before the '29 crash because a shoe shine guy started giving him stock tips. you have updated that for 2021. >> well, it needs updating. first of all, who's wearing shoes? people are wearing slippers to work right now. i don't even say you can say shoe shine boys without sounding ageist and sexist and elitist or all at once, and i don't need that kind of heat, so i'm looking for a new bubble indicator. think i might have found one. let's take a look at these videos. >> i don't know if you guys have heard about this, but they help our veterinarians and our furry friends. >> just going to say that it's going to $10,000, and bitcoin is going to 100,000. >> so that's, those are cameo videos of carole baskin from the tiger king movie, she's pitching a penny stock that ended up tripling

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jack: big news in the alzheimer's world or, eli lilly and biogen had news about it, we don't have time we'll have to have you back. >> see ya. jack: up next, round table jack: up next, round table members giv yeah, i mean the thing is, people like geico because it's just easy. bundling for example. you've got car insurance here. and home insurance here. why not... schuuuuzp... put them together. save even more. some things are better together. like um... tea and crumpets. but you wouldn't bundle just anything. like, say... a porcupine in a balloon factory. now, that'd be a mess. i mean for starters, porcupines are famously no good in a team setting. save even more when you bundle home and car insurance. you're clearly someone who takes care of yourself. so why wait to screen for colon cancer? because when caught in early stages, it's more treatable. i'm cologuard. i'm noninvasive and detect altered dna in your stool to find 92% of colon cancers even in early stages. tell me more. it's for people 45 plus at average risk for colon cancer, not high risk. false positive and negative result

but i never heard her say anything about eli lilly and eli lilly alzheimer's, the news is pretty stunning on a normal day where we didn't have washington, i think we would be talking about the idea that there is a 32% slowing of this loss of cognition in alzheimer's, and that's extraordinary, and we have never seen anything work for alzheimer's and that would have been the focus if it weren't for the fact there were so many things that happened on wednesday and what happened with social media but normally, the story would be eli lilly. >> yes, we'll get to social media and the tech ban, a little bit later. to your larger point though, jim, on a normal day, we might also be talking about the two dozen companies who are raising guidance this morning, i mean lululemon and dave and busters two of them. >> it's all over the place and i think the notion is the consumer is strong, it's coming out. and they're obviously, there are so many winners right now, that it is hard to believe, other than the fact that there's an exhaustion of winners though, lululemon, that was truly great, i guess there

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jack: big news in the alzheimer's world or, eli lilly and biogen had news about it, we don't have timeave you back. >> see ya. jack: up next, round table jack: up next, round table members g you're clearly someone who takes care of yourself. so why wait to screen for colon cancer? because when caught in early stages, it's more treatable. i'm cologuard. i'm noninvasive and detect altered dna in your stool to find 92% of colon cancers even in early stages. tell me more. it's for people 45 plus at average risk for colon cancer, not high risk. false positive and negative results may occur. ask your prescriber or an online prescriber if cologuard is right for you. i'll get on it! that's a step in the right direction. research shows people remember commercials with nostalgia. that's a step so to help you remember that liberty mutual customizes your home insurance, here's one that'll really take you back. it's customized home insurance from liberty mutual! only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪ there are many names for enthusiast. but there's only one way to becom

i thought your friend, maybe she did it don't say anything >> lilly - >> jimmy: yeah >> no, poor lillyuld not be accused -- >> jimmy: i accused everyone >> darling lilly to be accused >> jimmy: i accused every single human in that show. i loved it so much i couldn't wait for the next episode to come on you know what i did hear and i knew it was you, the opening song is beautiful. "dream a little dream. and i go, "that's nicole that's nicole's voice. i swear i picked it out. and then i look at the credits, the end credits, it is you singing. how'd you decide to do that? >> no, it was susan -- the director going, "you must sing the credits. and i'm like, "hmm, no, why? "you must do it. "can i --" and she said, "you can do it." and i went, "oh, okay, i'll do it." >> jimmy: it was fantastic i want to show a clip. here's nicole kidman in "the undoing." take a look at this. >> i can't put your ambivalence on display >> ambivalence i see. i'm just going to tell the truth. >> but what is your truth? i'm having a little trouble tracking it. >> i don't believe you could have done this i'll say t

we got honey well, chevron, caterpillar and eli lilly. social distance these reports. i expect good things all four honey well has a new building solution as the service business model. their intelligent warehouse division is amazing. air space division isn't ready to roll but it will be good once we get herd immunity i think honey well is fantastic. caterpillar is a quandary for me there is hope for big infrastructure and better relations with china i miss this move i shouldn't be able to opine on it because i left 60 points on the table. oil has been on a roll it's good for cat worth owning chevron up here. you know i think the world of chevron. mike worth is really the big guy other than sheffield and the group. most of the oils are investable but chevron and pioneer are exceptions eli lilly ramped up so much on vaccine hopes the stock may be due for a breather they're using a drug that they hope seems like it wards it off but remember, they are trying to be more therapeutic. the pipeline is spectacular with drugs and why are people buying it story, alzheimer's, yes

we love you lilly singh. check out lilly tonight. but first we have a great show for you tonight.rs on the movie "on the rocks" on apple tv plus. rashida jones is here. [ cheers and applause plus from the film "the king of staten island" and "the mandalorian," bill burr is here [ cheers and applause that dude is next level funny. >> tariq: yeah man >> jimmy: he's on a different world, man it's just -- god, i just love that guy so much and we've got great music from old dominion [ cheers and applause guys, it can be hard to say goodbye, but sometimes you have to and there are a few things i would like to say goodbye to now. it's time for "go on, git. ♪ go on git go on gi go on go on go on git ♪ >> go on, git, rubber cement which are you? rubber or cement or maybe, just maybe you're something entirely different altogether, some strange concoction that the human mind can't currently comprehend and i bet they've even got a a name for it -- glue now go on, git go on git, jack playing card what is your job in the playing card monarchy? you ain't a king, you ain't a queen, as far as i ca

in this case manufacturing the development of eli lilly as well as excellent work with researchers atcine research center. >> carl, it's sara here's what i don't get about these antibody treatments. these are game changers and life savers and they were meant to keep people out of hospitals and they're on the market and they've been approved for use and we are seeing record hospitalizations so what is the problem >> well, i think it is important to understand, for everyone to understand, what the antibody therapy is this is best framed as synthetic immunity if someone gets sick early on in the first two days of infection, getting a dose can help you have the protection you'd have had if you had been vaccinated and responded appropriately before that the data that has been in and was the basis for an emergency use authorization in the u.s. and canada has shown that bamlanivamb is a safe treatment and can have a very substantial effect on reducing the possibility of ending up in the hospital the chance is reduced by 70% tto 80% when treated early that is a big deal when the medical cente

. >>> and later, we have a big lineup from the jp morgan health care conference, the ceos of eli lilly and pfizer will join us later in the show. "squawk box" will be right back. when my love is away, ♪ this cnbc program is sponsored by truist securities e? ♪ ♪ how do i feel at the end of the day, ♪ ♪ are you sad because you're on your own? ♪ ♪ i get by with a little help from my friends, ♪ ♪ oh, gonna try with a little help from my friends. ♪ >>> welcome back, everybody. the covid vaccination rollout has been slow. nearly 9 million people have received their first dose. to try and help speed things up, mass vaccination sites are popping up across the country. contessa brewer joins us right now. she has more on that front and contessa, good morning >> becky, good morning to you. mass vaccination sites are crucial from the white house administration is to reach its goal of 100 million shots in the first 100 days, and those improvised shop factories are opening up coast to coast. in new jersey, retail's loss is a big gain in the fight against covid. a shuttered sears store, an old kmart

"the exchange" starts now. >> lilly lilly, scott >>> hello.ng off limits robin hood and others cutting off trading for red hot stock. shares are collapsing and also halted and some are beginning to cry foul as those shares fall the overall market goes straight up as investors look past this and focus on the end of the pandemic and a brighter day as vaccines are rolling out at more than 1 million per day and more on the way is there really a need for 2 trillion more in government spending an

eli lilly had those in nursing homes last week.rable people, they see a role for their drugs for folks who haven't been vaccinated, perhaps can't get vaccinated they can provide the passive immunity and give it away to those folks. it takes coordination. so far what we've been hearing from the biden administration has not been a huge focus because they are so complicated. i'll be looking forward this week to hearing from the biden administration directly on the covid plans and whether they have any plans for the medicines. >> a shot would go a long way in improving that the transfusion process has been messy. a shot would go a long way, even better if they get to an oral dosage, a bill that you would take trying to get people to take these things and in an environment where you don't feel like you're getting exposed to covid by doing it, too >> reporter: definitely. these can't be orally administered because of the way the drugs work there are pills that are being developed by merck and we should hear data on that this quarter. >>

got three medicines from dexamethasone to gilead's remdesivir and another one from eli lilly.accines on the market, three morphology in phase 3 trials but those reflections from these experts really focusing on both what we've learned from the virus itself, remember at the beginning we were all wiping down our groceries because we thought this spread by droplets, spread like the flu. the realization that this could spread through the air and how much of it is asymptomatic, many experts pointed to as really important, as well as of course the politization of public health and the leadership from the national level scott gottleib telling us the importance of public/private partnership and focusing on the failures of testing in the early stages saying the refusal of cdc to pivot to engage commercial labs and test kits led us blind to the early spread. he said it was a historic failure. on a brighter note, a lot of experts pointed to the miracle of two vaccines. it showed if we put the funding into science, we can do this quickly. >> the scientific advances have been absolutely am

paddy lillis, finally, can i ask i suppose. paddy lillis, finally, can i ask you — i suppose.ews i can i ask you about the news regarding debenhams today? it looks like boohoo will take them over, they don't want the stores on the high street or the 12,000 staff? by, high street or the 12,000 staff? a blow for the retail sector. we have been _ blow for the retail sector. we have been saying for some time there needs— been saying for some time there needs to — been saying for some time there needs to be an industrial strategy for retail. — needs to be an industrial strategy for retail, to give retail an opportunity to have a future. this isjust_ opportunity to have a future. this isjust another nail in opportunity to have a future. this is just another nail in the coffin. another— is just another nail in the coffin. another 12,000 jobs going, onto the online _ another 12,000 jobs going, onto the online platform. so we still call on the government and local authorities and employers to work with us, to look at _ and employers to work with us, to look at what does retail look lik

>> sara, well, this was a major upside surprise here for eli lilly. it is a phase two trial, a relatively small trial and the stock is up 11% on this news essentially, what they found is that this drug, which targets the plaques in the brain showed in a clinical trial to slow the decline in cognition and function with patient with early symptomatic alzheimer's by 32% versus placebo they have an ongoing trial and are going to talk to regulators about what is next you are also seeing boosts today in biogen which has a similar drug in front of the fda you see biogen getting a boost of 6.1%, too, just on lily's data. >> meg, thank for that we should mention we are selling off a little bit as we approach the close. back down 125 points on the dow, lows were down 200. >>> twitter tanks and bitcoin plunges after a huge rally we will take you insidthe e "market zone" next, with 15 minutes left in the session. and in an emergency, they need a network that puts them first. that connects them to technology, to each other, and to other agencies. that's why at&t b

and you can see lilly in wonder woman 1984 on home streaming from today. of last year at their home in east tilbury in essex to keep him safe, and told us how it's been. we just have to make a really tough decision every time we go out. it's really tough, but we just have to crack on because it's life and you have to crack on. you have to... like, seren needs to have a decent upbringing, a normal upbringing, not being locked away and saying that her best friend's the trampoline, you know? it's not right to hear things like that. playgrounds across london are still open during lockdown for children to exercise. one council is introducing wardens to try to improve safety. waltham forest council has 13 play safe champions, who will patrol some of the borough's council—run playgrounds, cleaning equipment and advising parents on social distancing. with london's galleries shut and non—essential shops closed, eight artists are using the shop fronts to display their work. they're hoping the installations in high street kensington will brighten up the area for loca

they show eli lilly's drug can reduce getting covid in nursing homes.far the drug is only authorized for people who already contracted the virus eli lilly now reports it can be used as a preventative measure nursing homes, of course, the hardest hit. less than 1% lives in a long-term care facility. yet this tiny fraction of the count accounts for nearly 40% of the des. what's the data show us about this drug? >> well, these results are being called remarkable when given as a preventative drug to residents of nursing homes, it was shown to reduce getting the disease by as much as 80% lily tested in this setting because of the devastating burden on nursing homes through this pandemic. they had to get creative and used mobile vans to bring it to facilities how do you use a drug that prevents covid when you try to rule out vaccine lily says it can be used in a targeted way immediately administer anti-bodies to protect people from getting sick. it would replace vaccination remember, these drugs were due as a bridge to the vaccine they were cleared for market

why don't we start with eli lilly, the drugs they have maybe a great interview with the ceo, this thingthe onset on alzheimer's. take of alzheimer's as the great white whale of the pharmaceutical industry. everyone wants to take it down they have an antibody treatment since that caused a 32% deceleration of the rate of decline. the plaques associated with alzheimer's disappeared. this is miraculous and stunning. frankly, if this story came out any other time, it would have led "the new york times. t two-column banner but because it came out in the time of turmoil, this data got squibbed yes, i know him from philadelphia i don't care at least there is a comparison about 50 million people suffered from dementia worldwide. 10 million new diagnosises each year alzheimer's causes 60 to 70% of those cases. that's why so many big fapharma executives spent millions trying to beat it frustration. everything failed. these days few companies even bother although it is one of the biggest unmet needs out there and eli lilly may have an incredible breakthrough. silence was golden people shrugged shou

. >> lilly lilly, scott >>> hello. welcome to "the exchange" everyone i am brian sullivan, shaking off limits robin hood and others cutting off trading for red hot stock. shares are collapsing and also halted and some are beginning to cry foul as those shares fall the overall market goes straight up as investors look past this and focus on the end of the pandemic and a brighter day as vaccines are rolling out at more than 1 million per day and more on the way is there really a need for 2 trillion more in government spending and debt we'll ask white house adviser jared bernstein who is here. so much to do and of course much more on the entire robin hood soap opera all throughout the hour let's get all you need to know on the numbers and the markets and of course all of the hot stocks amcs and gamestops of the world. >> that's right, brian on any other day if there wasn't those types of stocks to talk about i'd be highlighting the fact we are green across the board, right near the session highs for the dow up 593 right n

and this morning eli lilly announced its own antibody treatment can reduce covid hospitalizations and deaths by, get this, up to 70%. cnbc's meg tirrell now meg, these sound like they could make a huge difference. >> well potentially, shep. these are the first results we've seen on regeneron's antibody cocktail in a prevention setting remember, this was the drug used to treat president trump when he was diagnosed with covid it was on the market as an iv infusion regeneron formulated the drug to be given as a shot the way they tested it is with people who lived someone diagnosed with covid to see if they could keep others from getget ing sick it showed the drug prevented 100% of symptomatic infections and cut down the risk of transmission by half now, one way this drug could potentially be used i'm told is in a strategy known as ring vaccination, used effectively against ebola and smallpox the idea is to find contacts of someone with infection and provide them with protection so they don't catch the disease and continue to spread it. now, eli lilly also showed its antibody drug can pre

spending, pending home sales, and consumer sentiment plus earnings from caterpillar, chevron, and eli lilly. robin hood says it will allow limited purchases of gamestop, amc and other heavily traded and volatile stocks today after the popular brokerage app restricted trading of companies caught up in a recent wave of buying spurred by a message board on reddit. that attracted criticism from lawmakers on capitol hill and others as well as a lawsuit from some users. robin hood's ceo telling cnbc the firm restricted the trades to protect both the company and its customers and not at the direction of any wall street firm or hedge fund. >>> vacations are back on the minds of americans as covid-19 vaccines continue. a survey finds that 56% of the people say they are likely to travel for leisure this year. 48% say that willingness to travel is not as tied directly -- is tied to vaccines in one way or another. business travel is not expected to return to prepandemic levels until 2023 or 2024. those are the latest headlines from and have a nice weekend. >> you too. we'll dream about our next stay-ca

of eli lilly has said they have indications that the south african strain, at least, shows some rec yavcation as well? >> doctor: i heard that the lily antibody that we've been using for early-stage disease -- it is one antibody. the regeneron is an antibody cocktail. and there is concern that other strains might have resistance. not taking off all efficacy, but decreasing their efficacy. >> brennan: on the question of surveillance, basically why don't we, as a country, have a better system to detect which virus, which mutation, and where it is? how are you going to fix that? >> doctor: you know, i think this really just gets to the resources that are necessary in this country for an adequate public health infrastructure, and one for an infrastructure for when we are in the middle of a pandemic. we didn't have one at base line, and we certainly don't have one now during a pandemic. one of the things i'm really going to advocate for, and i know the president-elect biden is advocating for, is to make sure we have the resources for our public health system so that we can do the surveillances nec

>>drugmaker eli lilly says its covid antibody drug can prevent illness among residents and staff at nursing homes and other long-term care locations. this is the first major study to show that it may prevent the disease. the drug maker says participants who got the drug had up to a 57% lower risk of getting covid among nursing home residents only there was up to an 80% reduction in risk. us regulators last year allowed emergency use of the treatment for mild or moderate covid cases that did not require hospitalization. >>president biden signs 10 more executive orders on his first full day in the office all of dealing with the nation's covid-19 response to break down with these executive orders aimed to do our catherine heenan is here with some of the details catherine yeah, we'll president biden he is a really moving to jump-start the covid fight scrambling to get more vaccines out there. but also warning it could take months to get were to where we need to be the scene in the white house this is already becoming familiar. the president sitting down with a box of pens a stack of orders and

of eli lilly.n and subscribe on apple podcast or your favorite podcast platform. )ailor portfolios right? ouclient's needs. m)t yoell in, (naj) we don't have those. (money manager) so what's in it for you? (naj) our fees are structured so we do better when you do better. at fisher investments we're clearly different. ♪ oh, oh, oh, ozempic®! ♪ (announcer) once-weekly ozempic® is helping many people with type 2 diabetes like emily lower their blood sugar. a majority of adults who took ozempic® reached an a1c under 7 and maintained it. here's your a1c. oh! my a1c is under 7! hoook c® lannouncer) on u 12 u may lose weight. i most 12 pounds! oh! (announcer) for those also with known heart disease, ozempic® lowers the risk of major cardiovascular events such as heart attack, stroke, or death. it lowers the risk. oh! and i only have to take it once a week. oh! ♪ oh, oh, oh, ozempic®! ♪ (announcer) ozempic® is not for people with type 1 diabetes or diabetic ketoacidosis. do not share needles or pens. don't

more than 400 participants the company expects to confirm these results by the 2nd quarter meanwhile lilly and co also said its 2 antibody treatments help significantly reduce the risks of hospitalization and death in patients with copd 19 by around 70 percent all this came from another study with more than 1000 participants from. specialist at vanderbilt university medical center dr william schaffner and director of the vaccine education center at children's hospital of philadelphia dr paul offit thank you both so much for taking the time to be with us today dr schaffner let's start with you i want to start by asking about this region or on this antibody cocktail that we were seeing which is said to provide immediate short term protection against the virus and this is obviously different from vaccines that can take up to several weeks to really develop the immunity what's the difference between these treatments and the vaccines. well of actually is well 1st of all those are in a local. the vaccine is an active stimulus of your own immune system your body produces its own antibodies that a

in what could be a major breakthrough for the populations most vulnerable pharmaceutical giant eli lilly is now saying that it's antibody based drug could be the answer to preventing the spread of covert 19 in nursing homes according to a study conducted by the company the preventive drug reduce the risk of both staff and residents getting sick with coated 19 by about 57 percent the effect was even more pronounced among elderly residents which saw an 80 percent lower risk of getting the virus. just 24 hours in the new by the administration is getting to work with more than a dozen new and executive orders in addition to taking action on the coronavirus pandemic the mission appears to be to un-jewish some of the hallmark policies of the trumpet ministration including those that affect the environment and some big ticket pipelines all of this as wall street remains on a high and then hopes that a new stimulus package is in the near future so joining me now to discuss it all are boom bust co-host christy i and shawn hyman editor of the logical investor christie all start with you jobless cl

and target is getting a gold star and so does eli lilly surge on the heels of one of the alzheimer's treatment candidates driving it higher, and target stock is hitting the all-time higher, and the consumer is playing out big from pandemic, at least from the big box kind. and you mentioned bitcoin, and late last week that we hit intraday 49,100, and depending where you looked and right now, we are looking at that 58.86, and so we have lost 27% at the lows, and bitcoin is a huge mo higher, and very quickly, and maybe not so surprising that we pulled back as quickly as we have, and still 32,763 according to coin base. >> you are proving me wrong. i said it is down 6,000, and maybe it is the interview with gundlach, cho. >> who knows. >> well, certainly the market is down, and we will see you here all day long. and now, the democrats in the house are pushing forward with the impeachment of trump. with the grotesque events of last wednesday, it may not be as easy as some think. we go to eamon javers. >> yes, they tried to move a resolution to the floor under unanimous consent which meant

eli lilly, shares up 16% we'll focus on that in a little bit.by 9% this morning. 33,655 that comes after hitting a record high of 42,000 at the end of last week "squawk box" will be right back. >>> get back to meg at the jpmorgan health conference there's a special guest. >> dan, thanks for being with us this morning let's start with your news of the day. you raised the full year guidance because of remdesivir sales raising $2.3 billion tell us about this guidance raising and what it means for the path of the pandemic so far. >> that's right, meg obviously revenues are important. we've invested a lot in remdesivir and we'll continue to invest in remdesivir i think the important news here is the impact for patients in hospital systems we know obviously hospitalizations have quadrupled since october and we're just learning now that one out of every two patients in the hospital are receiving remdesivir that reduces the hospital stays by up to a week and reduces the chances of patients going on to more severe illness and dieing by 70% if given early

news in pharmaceuticals for eli lilly, an alzheimer's drug showing absolute promise.hat is rewarding the firm to the tune of 11%. this headline just cross bloomberg, the electric vehicle maker said to be in talks. we know lucid is backed by saudi arabia. this would value lucid at about $15 billion. citigroupe a rainmaker. recent campaign contributions in the week of last week's violence dove to announce its holding donations to lawmakers opposing election certification. this is one response. big tech has been taking a variety of stands as well. joining us to discuss is carly ofrina, founder chairman carly fiorina enterprises the risk of reactions, the dead nancy asian that came from banks that did not mention the president name, though the national association of manufacturers did. also the campaign contributions. how should corporate america be reacting to the events of last week? what is the responsibility? saying thetart by business community must react. option.is no longer an silence is sent. that is why you see so many corporations stepping out in word or deed in

. >> meanwhile, eli lilly ceo david ricks told cnbc that pre-clinical studies have shown the antibody treatment can be effective against the u.k. variant of the virus. >> the u.k. variant gets a lot of press because it's probably 50% more contagious, though there's no evidence it's more lethal it seems clear the single antibody from lily, and probably the cocktail from regeneron will arrest that just like it does the normal variant we haven't done a clinical study but we have pre-clinical data that's highly suggest i have that - suggestive that that's not going to be an issue >> the south african variant is the real concern here. it has more dramatic mutations to that spike protein, which is the target of the antibody drugs and the target for vaccine, so echoing some concerns we have heard among the medical community in recent weeks. one other thing i would highlight that came through yesterday on the vaccine front, it was the trump administration's decision to adjust its guidelines, now opening up vaccine eligibility to everybody 65 years and older, and anybody kwwho has a preexistin

and we are the engine behind the eli lilly antibody treatment. company that six months ago would have been under the radar of almost all investors, now they are a $10 billion company. alix: when a client comes to you and they are like, what is my best way of raising cash? will it be an m&a situation, ipo's? what is the strategy that is different now from a year ago? robert: we are seeing a lot of dual tracks. we are looking at transactions where the companies are saying, i am looking to raise capital or modernization, should i pursue that via an ipo? the combination, and almost every dialog we are having at credit suisse, is a very important and focal dialogue, both in terms of speed, access. there are differences, pluses and minuses, that each client is choosing and evaluating. and you are seeing a large volume in both. m&a remains a very real option. health care, the large companies, i think at the moment the public markets have recognized the value of some of these disruptive companies. and in the service sector, in the meditech sector euros w

i mean, what i'm saying, neil, if you have great companies, you know, my companies, lilly, home depotare, i'm giving you the names of -- yum brands. these are great companies with great balance sheets and solid businesses. they'll be fine. my net worth might not be fine. it might be lower after the bubble bursts, but that doesn't take away from the value of these companies. what you have to worry about is when you discount it here and after. that's what's going on with the tech stocks big time. big time. when somebody told me the other day the market cap of tesla is more than all of five major manufacturers of automobiles, ford, general motors, mercedes, volkswagen, i forgot the fifth one. now, what is the magic of making a car? the magic i guess is the battery technology. but that isn't far away from all of these people. they'll all have electric cars. it will get down to price. elon musk is a genius. what he's done -- i'm not taking a thing away from the man. he's particular. what i'm saying is, there's going to be a catch-up here. going to be a catch-up. what will happen, supply an