this is extremely compelling on merck. we have a textbook break out.s is not just a fresh 2012 high, this is a four-year high, we're a buyer on this break out right here. so merck is one to watch. steve, what do you see on the fundamental side? >> nothing changed on the big one u.s. like merck. it's been a great place to ride out the economic and find yield. as far as the supreme court decision next week, i keep this hidden from most people, but i was a practicing attorney, and there's no way to anticipate the outcome of any decision. unlike we what saw with the downgrades of the banks, but we have no idea what's going to happen. i would like to see what tooks do, and then i would short it. i think it will be a weak quarter, we already saw that. so it's not necessarily about the decision, but the expectation of a weak quarter. thank you so much. bill, over to you. >> heading toward the close here with the dow going down 66 points. so the banks are trading higher today. now they say now is the time to buy banks. and morgan stanley is a better bank stock

. >> you do have a deal with merck about something about to come up.apologize for the mispronunciations here. that is not necessarily expected to be able to pass muster right now, right? >> well, it's still an open issue. it's under review by the fda and in europe as well in patients with sarcomas, soft tissue and bone cancers. merck has plans as well to start clinical trials in patients with lung cancer and patients with breast cancer, and potentially other solid tumors. all registrational trials on top of the work that they've done, and we've done with them over the years in sarcomas. we're waiting for responses from the fda and next steps with respect to sarcomas, but merck's committed to moving forward and other indications and really create some value around this as an important new drug available to patients with solid tumors. >> harvey, one last question. how do we follow the progress of your company and what are the next milestones we need to see for your leukemia drug? because your company's been an amazing performer but i want to -- i really

this is shocking, shocking, obama has now thrown up merck's doors to people who are already here. now we can expect a steady stream of preexisting pouring into their present location and we all know why he is doing this. >> in the eve of the election it looks political. >> president obama's decision here is political. he's doing right before the election. and it very transparent political fashion. >> this is fog but a politically motivated and cynical act. >> thank you st. carl. yes. this is cynical. obama needs to do something to attract hispanic voters in november and right now he's barely clinging to a 43 point lead. sounds impressive but remember that's in pesos. bottom line, folks-- bottom line, folks, i and all my republican friends know that this was the wrong thing to do. >> i think it's the right thing to do, actually. >> this a good way to do it with a good policy. >> it was the right thing to do. >> stephen: fine, but the president's not supposed to do anything in an election year. let alone the right thing. now maybe i am a conspiracy theorist but i'm beginning to thin

merck, the drug manufacturer, plans to apply for fda approval later this year.hanges are being made to reduced devastating head injuries to football players. the changes include limiting contact drills to no more than 40 minutes, and also banned, and head-on blocking and tackling drills when the players start more than three yards apart. the head of the medical advisory board says he hopes the changes will cut the number of its to young football players' heads in half. a new report sounds like science fiction. it is reality, though, a process for screening unborn babies for genetic disorders. >> scientists could be able to retain the screen unborn babies for to genetic disorders simply by taking a blood sample from the mother and a swap of saliva from the father. the only disorder being tested is down syndrome. the finding is a double-edged sword. >> it might give peace of mind if they don't find problems. on the other hand, if they find problems, it may lead to dilemmas. what do you do about them? my eighth lead to more abortions? -- mighti t lead to more abort

enfrentarÁ justicia el ex entrenador de fÚtbol a merck noshgs americano enfrentando 52 cargos sexualesgonizÓ escÁndalo sexual, el servicio secreto de estados unidos, ella firmÓ un contrato para publicar un libro de lo que o ocurriÓ en cartagena, tambiÉn existen versiones que la revista playboy estarÍa detrÁs de ella y que algunos productores le han propuesta llevar su historia a la televisiÓn. >>> con e el Último reporte de la obesidad infantil indica que un tercio de los niÑos de estados unidos tiene sobrepeso es obeso, y hoy justamente una cadena de televisiÓn infantil hizo un anuncio con el que busca proteger de alguna manera la salud de los menores, isolda perder tie peguero tiene el reporte >>> disney ha iniciado la tarea de concientizar a la familia contra la comida chatarra. la empresa anunciÓ que para combatir la obesidad in fan si el eliminarÁ la promociÓn de comida poco nutritiva o bebidas con azÚcar, la campaÑa responde que la bien oÍobesidad infantil problema nacional que la primera dama michel obama ha hecho parte de su trabajo en la casa blanca, la mayorÍa de los padres a

on wednesday, october 10, circuit brother brian and melissa morris and merck mulligan and officer james johnson of the central station responded to a fire at 8 -- 824 height street in downtown san francisco. officers found the first and second story buildings involved in flames. leaving the residents, many of them students inside the six- story building in grave danger. officers immediately entered the building and began evaluating the evidence, pounding on doors and alerting them there was a fire. many of them were still asleep. essentially they were forced to withdraw from the building because the heat was so intense in the building. the fire department was still in route to the fire. not until the fire department arrived did it take over the evacuation of the fire personnel were ordered out of the building onto the street for the structure at 824 high street, and asphalt and some of the fire equipment had to be moved because the heat was so intense it was buckling the street and the water pipes. the fire spread quickly and started the fire department personnel were overwhelmed. build

it is merck. generally walmart on days like this. today, merck. only dow stock that's higher. >> okay. coming up next, we're going to head back to the morningstar conference. we ask a four-star fund manager how he's navigating the down day. >>> under armour under pressure. i guess the new sneaker venture not exactly a shoe-in. >> shoe-in. >> for investors. [ male announcer ] trophies and awards lift you up. but they can also hold you back. unless you ask, "what's next?" introducing the all-new rx f sport. this is the pursuit of perfection. [ male announcer ] how do you trade? with scottrader streaming quotes, any way you want. fully customize it for your trading process -- from thought to trade, on every screen. and all in real time. which makes it just like having your own trading floor, right at your fingertips. [ rodger ] at scottrade, seven dollar trades are just the start. try our easy-to-use scottrader streaming quotes. it's another reason more investors are saying... [ all ] i'm with scottrade. wanted to provide better employee benefits whi

the two companies that stand out the most are procter and gamble and merck. >> reporter: the concern is that there will be more big companies with currency losses, especially if the greenback continues to gain ground. and, that's just what's expected. >> we have a q-3 and end of q-3 target of 120 and after that even a sub 120 level. so, it's pretty much wide open, a lot of it depends on how european policy makers respond. >> reporter: considering how european policymakers have responded so far, it's likely we'll be talking about the effects of a stronger dollar for many months. suzanne pratt, "n.b.r.", new york. >> tom: a stronger dollar has contributed to a drop in commodity prices like oil, as has a drop in demand from places like china, which has been a huge consumer of global commodities. we spoke with dambisa moyo. we started with a stronger dollar threatening china's economy. >> obviously factors driving the >> obviously factors drivingw:ry and especially where the trade and the exchange rate are concerned but i think more fundamentally the story of what china needs to do for c

the governor appointed karen merck, cofounder of webb methods. she tells 9news now, she has already been sworn in for the office, but he wants his seat back and has filed a lawsuit. peggy fox, 9news now. >> and she is expecting to be seated on the board wednesday, but the board may not let her take the seat until the court decides mateir's lawsuit. the only other time a governor tried to remove a member, the court said no. >> kind of gray outside for most of the day. starting off your workweek. topper shutt is out on the weather terrace with the word on the rain and the heat. top. >> the good news is, the clouds kept the temperatures down. it's been in the 60s and 70s. we have showers this morning. right now, we have clouds. in fact, look at live doppler 9,000. most of the storms just getting across i-81. nothing severe, but the heavy rains down toward front royal and new market. they'll stay well west of us. if you aren't home yet, you'll get home before the roads get wet. 70 in manassas, 66 in gaithersburg and 68 in leesburg and frederick. i me

the governor appointed karen merck, cofounder of webb methods. she tells 9news now, she has been sworn in for the office. but he wants his seat back and filed a lawsuit over his ouster. peggy fox, 9news now. >> this could get messy. she is expected to be seated at the meeting this coming wednesday, but the board may not let her take a seat until the court decides on the lawsuit. >>> tree trimmings performed by metro. it's a sore subject with residents. county council resident plans to move ahead with a bill that gives property owners some say in the matter. but based on information from a county attorney, he plans to rework the bill so the new rules would apply to all companies, not just pepco. just the same, from an interview conducted today, it is clear pepc o is the chief mote ration for the measure. >> trees have become collateral damage in the fight for reliable electric service. having trees are somehow in conflict, no, they're not. >> some montgomery county residents accuse the utility of being too aggressive in trimming trees awe from pow

let's open to our reporters at the nasdaq, nymex, chicago merck and nyse. kayla tausche starts us with breaking news. kayla. >> sue, we've been expecting a memo from nasdaq about its accommodation program for losses of brokerages over those botched facebook trades. we're getting news right now crossing that nasdaq will set aside a $40 million fund for accommodations for those brokerages. that's $13.7 million in cash. the remainder of that will be discounts in trading that will be applied to these member firms. now, these accommodations apply to sales priced at $42 or less that did not execute. sales priced at $42 or less that were executed at an inferior price or buys priced at $42 executed in the cross but not immediately confirmed. we're also seeing a news flash that nasdaq has hired ibm to review its i.t. trading systems in the wake of all the glitches that occurred here. we'll have more for you as we sift through this release and get you more of the headlines, sue. >> look forward to that very much, kayla. down here on the nyse, brian shactman -- as a m

a victory for sheriff -- for sheriff merck merck -- for sheriff mirkarimi. it means cleaner, cheaper american-made energy. but we've got to be careful how we get it. design the wells to be safe. thousands of jobs. use the most advanced technology to protect our water. billions in the economy. at chevron, if we can't do it right, we won't do it at all. we've got to think long term. we've got to think long term. ♪ >>> san francisco's ethics committee has ruled that parts of a statement from ross -- from ross mirkarimi's statement is hearsay. the panel must still rule whether the video will be allowed asest. this video shows his wife, lopez, crying as she shows a cruise on her arm. >>> berkeley police are investigating a shooting. once they got there, they found shell casings and blood but no victim. shortly after an injured man showed up at a -- at a trauma center. >>> the district attorney in contra costa county says police raids this week at seven recycling centers have uncovered proof that those centers are buying stolen metal. no questions asked. they used

merck says its experimental insomnia drug, suvorexant is a success.er and stayed asleep longer in two tests. merck will try to get fda approval later this year. >> the drug is different -- it's designed to block the brain's chemicals that promote wakefulness instead of putting the brain to sleep forever. >> our brains are always asleep on this shift. >> do they ever turn on? i'm trying to figure that out? >> no, no. just give it up. don't worry about it. >> here is a look at your weather, everybody. minneapolis, des moines, omaha. light rain in colorado rockies, wyoming. showers, thunderstorms, houston to the carolinas. and a sunny afternoon in the northeast. >> a beautiful end of the week ahead of us here. yep, also 70s from boston to baltimore. mostly 80s in the middle of the country. upper 90s and triple digits from west texas over to phoenix. >>> well, pitching a perfect game is rare enough in baseball, now it has happened twice this, how is that again? that's right. no walks. >> i'm exhausted. >> no walks, no hits. no nothing. giants' pitcher mat

results presented today with more than 2,000 people, merck, the manufacturer, found that the new drug, suvorexant, made people fall asleep 40% faster and sleep 40% longer than placebo. so far the experiments have shown that the new sleeping pill is safe, makes people less drowsy than the older sleep medications. the results will go to the fda for possible approval in months. doctors say if it is approved, it will still take wider use to see if it's truly free of side effects. if it does prove safe in the long run, it will be because man's best friend offered a big clue to help a sleepless nation. robert bazell, nbc new york. >>> up next, the death of a wise guy known around the world. >>> just so we all agree here, it's never good to glorify a mobster. but if you're a fan of the genre, it's okay to love "goodfellas." which brings us to the news overnight of the death of henry hill, the former member of the lucchese crime family superbly played by ray liotta in the scorsese masterpiece. based on a book by pelleggi. hill was a wise guy who fell in with the mob at a young age and made hi

merck, the manufacturer, found that the new drug suvorexant made people fall asleep 40% faster and stayger than placebo. excerpts so far show they are safe, make people less drowsy than older medications. the results will go to the fda for possible approval in months. doctors say if it is approved it will take wider use to see if it's free of side effects. >> if it does stay safe in the long run, it will be cause man's best friend delivered a clue to help a sleepless names. nbc news, new york. >>> up next, the death of a wise guy known around the world. [ male announcer ] it's simple physics... a body at rest tends to stay at rest... while a body in motion tends to stay in motion. staying active can actually ease arthritis symptoms. but if you have arthritis, staying active can be difficult. prescription celebrex can help relieve arthritis pain so your body can stay in motion. because just one 200mg celebrex a day can provide 24 hour relief for many with arthritis pain and inflammation. plus, in clinical studies, celebrex is proven to improve daily physical function so moving is easier.

. >> i like cheap stocks with low expectations and merck is that stock.s a good management team. they have several pipeline events coming out in the next three events. the investor community is very bearish. one is a good cholesterol drug. i think all of those have a fair chance at working. so i like the risk reward. you get a 5% dividend it has been lagging in far ma this year. i'm hoping that if you like that idea, you might want to take a look at it now. >> great to have you with us. karen, you lightened up on some of your positions? >> i did because they have run up so far. there is uncertainty around the bill. i don't know if that matters or not. when they run so far i feel like you have got take a little bit off the table. >> they have been buying upside calls. not huge yet. and then, let me see. lily, they have been buying them out in january. upside call bets. >> did we witness today the unveiling of a kindle killer? we have got all the latest details right after this. ♪ ♪ [ female announcer ] you're the boss of your life. in charge of long weeken

merck should mirror cau rim from office. mayor lee -- mira kim -- mirkarimi from office. mayor lee suspended him after an incident on new year's eve. meanwhile, he's back in court hoping to win approval to see his son. he was given permission to travel to venezuela to see his son where his wife is. he plans to travel there if he is granted the request. but he still won't be able to have contact with his wife because of a stay-away order still in place. >>> a man has been arrested accused of setting a los gatos home on fire twice. investigators believe the home was started last october and again this past january. an atg agent executed a search search warrant on the man's home which led -- an atf agent executed a search warrant on the man's home which led to the arrest. >>> yesterday afternoon, about 12:30, a man was stabbed at cadillac drive and winchester boulevard. his injuries are noun life- threatening. and then two hours later, police were called to a shooting on center drive. the man was shot but is expected to survive

ever played words with merck? >> drug something?> here's the value added. >> coming up, goldman sachs chief economist january hatzius. does he think another round of easing by the fed is necessary or likely. >>> top of the hour, jpmorgan chase ceo jamie dimon testifies on capitol hill about his bank's $2 billion trading loss. >>> dimon's q & a session with lawmakers. >>> on the other side of the break, the results of our cnbc yahoo! finance poll. do you think the u.s. should provide funds to help bail out european countries in financial straits? we want to hear from you. logon. tdd# 1-800-345-2550 the spx is on my radar. tdd# 1-800-345-2550 we're hitting new highs. tdd# 1-800-345-2550 and i'm on top of it all with charles schwab. tdd# 1-800-345-2550 tdd# 1-800-345-2550 i use streetsmart edge and its tools like... tdd# 1-800-345-2550 screener plus - i can custom build my own screens tdd# 1-800-345-2550 or use predefined ones. tdd# 1-800-345-2550 and i can trade wherever i want, tdd# 1-800-345-2550 whenever i want. tdd# 1-800-345-2550

they all had better growth than merck. i think they are natural places to buy. why? because everyone thinks that. it will be hope depot. it will be the the place to go. i do like all of the drug stocks. yes, go ahead. >> hi, jim. we're both big fans of your show and we met ten years ago at your alma mater. a big krimson boo-yah. >> and we may have a new fan on the way. >> that was easy. >> so as a father to be, i was wondering if you had advice for me in terms of investing for our child's college tuition and future? should i be looking to be going more with speculative stocks. >> first, congratulations and best wishes. i want a lesson. buy disney. you want to get kids involved early on. you will take your kids to disney world and disneyland. this is the way to introduce them to the investment process. first stock has to be something that you guys do together as a family. that will spark the interest. disney is the one. and they're doing great, too. besides fatherly love on sunday, keep an eye on greece and the election and we may not like it at all. but right now thi

pharma news, $19.7 billion acquisition of medical device maker has been made and the insomnia drug from merckcantly reduced the time it took patients to fall asleep and helped them fall asleep longer. lastly, iranian oil exports have fallen steeply and could push oil prices higher again. the international agency says effectively calling on opec to maintain current high oil output levels which advises on energy policies of oil consuming nation, said the oil is better than recent years but calling it an oversupplied market. but as i said before, the main news we're watching today is jamie dimon's testimony in washington, d.c. back to you. >> we're watching that, too. thanks so much. have a great day. >> you, too. >>> for the past 20 years, the cdc has tracked risky behavior in teenagers. a recent survey was released just last week. a look at the results and how they compare with past results, good morning. are teenagers more risky or less risky than they were during the last survey? >> i think people are going to be really surprised to hear me say that teens are doing really well when it comes