merck yielding 3.'05 j & j and lily's paltry.big investors really want is grow, particularly in an environment like this one, where consistent growth is hard to come by. with one possible drug on the market and another in the pipe, eli legally has the potential for magnificent growth. in fact the company's diabetes and alzheimer's could have a string of data for not a few kwashters. not a fuf years, but many years to come. that's why lily's stock is sort of late and why it's currently trading four times next year's earnings estimates. those will prove way too low. i think you lily deserves that premium. we know the market has no problem paying out for companies with megablockbuster drugs. remember gilead after the hepp c cure. >> that is almost unheard of to have two block busters. i think it has a lot more upside. especially since it pulled back where it was after it reported the terrific diabetes drug last week. that's a steel. here's the bottom line. for years, eli lilly had to talk down. they struggled to walk the walk. in re

, the pharmaceutical giant -- no, not merck.it was gd sorel, and he had quite a reputation as a ceo in the private sector, even though he had been the youngest secretary of defense before that. and so he had this unique public and private sector background. he had been on the cover of fortune magazine, or was ranked the most feared boss in america by "for." so all of a sudden in 1990, he stepped in as our new ceo. >> host: in fact he had something to do with the first hdtv broadcast at the u.s. capitol, correct? >> guest: that true. when we finished testing our digital hdtv prototype in the broadcaster's labs in d.c., we passed with flying colors, and the word was getting out that digital actually worked. this was digital hdtv. then our competitors were going into the labs next to test and they also were following us in developing digital systems. but we wanted to make a big p.r. splash, and so donald rumsfeld lined up a situation where our engineers would do an over the air broadcast in d.c. to the u.s. capitol building, where

merck's well, well underperforming the rest of the markets there. merck is down about 4% this week.is down about 2.5%. now, melissa, i'm not sure what's going on. i can tell what you some of the speculation is. the speculation is that there may be some rotation going on and that health care, which are very easily liquid, the big names i just showed you, the mercks, et cetera, are used as sources of fund to buy other sectors and the speculation is that is going to be financials now going into the fourth quarter. again, nobody is sending out a postcard saying what they're doing but that's some of the speculation. >> all right. >> i'll pick it up there, bob. have a great weekend. >>> the new apple iphones hit stores today. many phone fanatics no doubt thrilled, but does that mean anything to apple stock? well, max wolf is with manhattan venture partners. walter, do you think first weekend sales are going to be strong enough to move the needle on apple stock monday morning? >> well, if you look at the monday stock performance, it typically doesn't actually go up or down by more than a p

then i remembered merck is buying sigma-aldrich with a cash deal. it doesn't change, but it has not closed yet. you will not see the stock going away from 140 dollars a share. let's look at the biggest loser of the day. an interesting story on netflix. dollar tree was the biggest loser because it had revenue forecast of 15.3 billion dollars for the full year. analysts were looking for $15.6 dollar on average, then tree said we cannot take you what kind of profit were going to make because were still integrating the purchase of family dollar, bought back in july. off with the rest of the market down 8.7%. freeport matt moran was iti because itc doesn't think it's going to slow down copper production. if nobody slows down, you get too much supply new don't have enough demand to me that supply. so the price of the producer will go down as well. i talked about apple eating netflix's lunch. it's not a done deal. we note netflix has some great shows. a boost in the price target did not seem to help netflix. alix: thank you so much for the roundup on the m

after clinical trials on thousands of patients, its maker, merck, insists the drug is safe. >> cdc sayss vaccine is safe. >> from our own personal experience, the from my daughter's experience, thought only terrifying for the individual going through it but for the individuals who have to watch her go through it -- >> are you convinced it is from the vaccine? >> absolutely, absolutely. >> i as a parent can see if my child has the vac seen and had seizures i would be worried that that is from there. that is often hard to prove that and 67 million doses have been given of this vaccine so there are going to be things we see after that. and it's hard and so far nobody's been able to say that some of these causes, particularly the deaths that i've read about and heard about that are due to the hpv vaccine. so everybody is trying very, very hard to make sure it's safe and i feel very strongly that it is safe. >> adam may, al jazeera, providence, rhode island,. >> and that's "america tonight." please tell us what you think at aljazeera.com/americatonight, talk to you on twitter or facebook and

remember merck, and vioxx, and that recall was back in september of 2004. shares were down 5% one month after that and a year later they were down 18% and since then up 53% so it has rallied back. and one more drug-related one as well. this was interested. you may recall johnson and johnson which owns tylenol brand had a number of pain related products recalled voluntarily as well in april of 2010 and they are up 40% since april of 2010. so when we talk about recall, it is not the generalizations but it is how company management responds to it and how they damage control it. some do it better than others. and by some of the performances, we can see those bearing out in those stories. back over to you. >> thanks dom chu. and you have to throw in bp. there are key differences in each of the stories. the bp one, it got prolonged they couldn't contain the spill, et cetera, et cetera, it was drawn out. >> and let's look at toyota. besides the auto industry, they had the bank of japan weakening the currency and so it got a tail wind from that. and maybe a similar

you look at where bristol-myers was and merck and all of these names that have been getting sold to thede. i think it's interesting, though, the etf and lack of liquidity, if you look at the ibb and see 38% short and you see the push to the down side, we can see some of the big air gaps. i know josh has talked about this in temz of the breakdown in the actual charts of some of the these, but the pressure that's been put on these, i think it does create opportunities. i think, jeff, that's sort of what you are alluding to. >> do you like bristol-myers still? you like pfizer? >> yes. i actually sold out of lily the other day in my personal account and got out of some lily because i wanted to put myself back in a position where i had a little less in pharma and more and i bought -- >> i agree with joe, though. your biggest risk here is not the companies themselves. your biggest risk is your fellow shareholders in these stocks. people have large embedded gains. they've held on for a long time. essentially a lot of the bigger ones had become new high machines, and then once they stopped maki

and two of them are on the down side and they're merck and cisco systems.e green and that's a totally different picture. merck just went green. >> it's totally a sea of red and a sea of green. i prefer the green. my kind of column. and gopro, baron says it could go down another 25. keith, are you buying gopro at 33? >> no, baron is the stating of the obvious, i don't think that gopro is a great investment at all. stuart: was it around 50, 60, $80 a share not long ago as i recall. now it's 33 and barron's which has -- gopro's all-time high was 98.47. it's languishing at 33. ashley: lack of new products, especially coming up on the holidays. what did you say, keith? >> probably worth 15 at best and there's an acquisition in there for somebody to buy the application. stuart: i'm shocked because we have given gopro so much free publicity with the videos. >> another 15%. stuart: lennar, okay, they've sold more homes at higher prices. therefore, nicole, the stock is a winner? >> those have gained 10% in the particular time period so the current quarter and the ou

merck announced in clinical trials its new medication cut the risk of a recurring infection and theyto submit it for approval to the f.d.a. >>> and the late word from accuweather and cecily tynan. >> a big week for philadelphia. all in all looking pretty good. a little unsettled, but showing some scattered light showers. mainly west of philadelphia. really the bulk of the action over lancaster county. but we also have a few light showers over matter of chester county, moving out of oxford, moving across coatesville and doylestown. and bucks county scene, generally moving to the north and steady showers are well of the region across york county. and lots of clouds and cool night. 65 in philadelphia, allentown and reading 61. millville 64. wilmington 65. and trenton 6. today's high 74. two degrees below normal for a change. september a very warm note bureaucrat today and tomorrow a little on the cool side this is part of the reason why. satellite 6 and action radar showing a plume of moisture right now generally in the form of clouds. low pressure down to the south. high pressure to th

pharmaceutical giant merck has fallen this far below its 50-day moving average 52 times in the past. 49 out of those 52 instances, that's 94% of the time, it has moved higher in the short term. five days later the stock is up an average of 2.1% and 20 days later it's moved higher by more than 4% on average. another name that may be due for a bounce is johnson & johnson. in the same scenario when it has been this far below its 50-day moving average, it's next moved higherle 3% of the time. one more, walmart. shares have been absolutely clobbered this year, down more than 25% but it has moved higher 85% of the time from the current beaten-down position. just because it has happened before doesn't mean it will happen again but these stocks do suggest the recovery could be in store in the short term. back over to you. >> thank you. >>> a major sell-off right now. stocks are currently sitting near session lows. joining us, matt tuttle, chief investment officer at tuttle technical management, bruce mccain, chief investment strategist at key private bank. gentlemen, thank you for joining us

a lot of big caps up 2% or more whether you're talking about merck and the pharmaceuticals or ge and the industrials or procter & gamble, even united health care, all up more than 2%. now, there was a twist to the buy ahead of the fed story we saw today. some afraid traders aggressively sold treasuries, as well. that created big moves on top of the rally. big banks like bank of america, jpmorgan and citigroup why outperforming the market in general as were regional banks like "uss bankcorp. why the move down in bonds? that's not clear. but there have been rumors for sometime that the chinese government, one of the biggest holders of bonds outside the united states has been an active seller for several weeks. for "nightly business report," i'm bob pisani. >>> now to the wall of worry. the heads of some of the biggest companies in america have a long list of things they're concerned about. the quarterly survey of the business roundtable made up of corporations with more than $7 trillion in annual revenues cites growth, a strengthening dollar and a potential federal government shutdown

pfizer and merck, leading the way higher. utx and walmart are the only two decliners so far. >>> let's get some five-star investing advice from someone who's betting on autos and the consumer. brian, good to see you. i see your fund year to date is flat which doesn't sound great but it is still better than the s&p and dow so far this year. considering tepper said this morning, this is really an individual stock picking moment. what are two stocks that you've recently added to your fund? >> well, i believe you're right at the hennessey focus fund, we own about 22 securities. we're very selective in the stocks we pick. today we're interested in a company called hexcel and brookfield asset management. >> hexcel makes xos sicomposite the aerospace industry. >> we think they have a number of very positive characteristics. for one, it is an ologopolistic structure so it takes a lot of familiarity to be a participant in the aerospace end market here and hexcel has that along with just two other global competitors. secondly, the amou

these guys also have fantastic pipelines that should get them some of the growth but someone like merck who's been thrown out because i think of some of the exposure to some of the pipeline that's still in question valuation dividend has not caught up from the fall from august 24th. take a look at the pharma. >> good point. coming up an unlikely safety trade in the fed starts hiking rates. it just might shock you. we're going to name some names for you next. you're watching cnbc, first in business worldwide. in the meantime here's what else is coming up on "fast." >> these prices are insane! >> they sure are, eddie. because we have four stocks under five bucks that could soon double. plus shares of apple are doing something they haven't done in a long while. and it's setting up for a great trade tonight. we'll tell you what that is and how you can profit. later in the hour. nd a juice ba. nd a juice ba. because they're getting comcast business internet. comcast business offers convenient installation appointments that work around your schedule. and it takes- done. - about an hour. get r

one of the other stocks that we are watching, that is the drug maker merck.ome data yesterday shows eli lilly's journey of kind cardiovascular for the high-risk patient. but is something that they may be designed to do. there's concern being expressed by analysts of what this will mean. one of the stocks that is bucking the downtrend is adobe. is up about 3% right now even though it fell in the after-hours session. company added subscribers for cloud services leading earnings-per-share to beat estimates. for 684,000.rs that was the addition to about 5.3 million. thank you. look at thetake a stories crossing the terminal right now and starting with the irs. taxnext stop for them is cheats in belize. the irs suspects americans may be using this account to dodge taxes. procter & gamble breaks ground tallness the largest and the entire history of west virginia. they are expected to create hundreds of full-time jobs. it is only the second factory to be built in the u.s. since 1971, before i was born. and 11 house republicans are sidestepping the party line and cal

we had merck and many of the biotech stocks under pressure, really taking a hit after democratic residential candidate hillary clinton tweeted that she would be releasing a plan to combat the high cost of prescription drugs. alibaba in the spotlight, falling as restrictions and it following the chinese e-commerce company's initial public offering. down 32% from its first day of trading last september when it was hottest ipo of the year, it seemed. all eyes are on yahoo!, is still working out what to do with its 15% stake of-- alibaba. indonesian president will meet barack obama at the white house. they are expected to discuss climate and energy issues. between theperation u.s. and indonesia will also be on the agenda. way toosborne is on a china for a deal in a new nuclear power plant. they guarantee they will give $3 billion in funding. the financial times says the chinese may help finance two forts in return controlling a stake in a third power station. many apple users were exposed to malicious software after chinese developers were tricked to using malicious code in their applications. t

you can see here that apple, johnson & johnson, merck, and caterpillar are the sole standouts.he others are all in the red. a closer look first off that apple. though it sold off, it is still the top of side contributor to the s&p 500, right now up by one percent. gene munster thinks sales of its new iphone plus model could reach between 12 million to 13 million units. that would beat last year passes record opening sales when apple sold 10 million of its iphone 6 in the first week and added china to the first week of sales for the first time. iphones are an important set 57%, with 2015 revenue. 56 percent there. moving on, jug and consumer products giant johnson & johnson also moving today up i've .5% today. it is looking to invest his $34 billion cash while into m&a deals. devices and potentially vision care might be two potential areas of focus for the acquisition. eagle shares are also moving this afternoon, down by 1.7%. this is after the stock was .owngraded from neutral to buy really hovering pennies above its lowest close this past june. in $18 target on american eagle

merck down%. netflix down 15%. but we do have winners for the week. we have had some volatility and now the traders are looking to see what will the fed do on their next meeting and we'll find that out on september 17. right now the dow is down 242 points. >> we can upon imagine if they raise rates. thanks, nicole. >> reporter: investigators hoping newly discovered surveillance video will shep catch the suspects in the death of a police officer in northern illinois. police searching for the men they believe shot and killed joseph gliniewicz. mike tobin live from fox lake, illinois with the latest. >> reporter: a lot of home for the investigators is hanging on that video. there are a number of homes around the industrial area where gliniewicz was killed. some of them have security video. one homeowner said he captured the image of three individuals who fit the description of the suspects. sow the hard drive from his security system has been sent to the department of homeland security. the department of homeland security has the best equipment to review

merck roadway moe is hoping to have those inmates fully integrated by the end of the year. saying it doesn't offer a good solution to reduce the risk of sexual assaults. >>> santa clara county leaders want swift action to improve the jail system there after three deputies were charged with murdering a mentally ill inmate. and also upgrade surveillance cameras and the county is is getting help from the u.s. department of justice to help manage its mentally ill jail population which is almost half of all the inmates. santa clara county board of ss will hear those recommendations on tuesday. >>> stream force begins in san francisco next tuesday. more than 150,000 people are expected to attend and more than 10 million people are expected to join online. but this technology conference is about more than just technology. each day is going to be dedicated to a cause. there will also be a benefit concert that is expected to raise $10 million for ucsf children's hospital. >>> still ahead changes may be coming to your commute if you ride the ferry to work. coming up in 20 minutes, th

chevron and merck were the highest for the week. these are many so of the areas.auren: with low rate environment where else will you get return on your money? >>> politicians in japan fighting for what they believe in literally. a fight breaking out in the japanese parliament as lawmakers brawl over contentious military bill. it allows japanese troops to fight overseas for the first time since world war ii. opponents vowing to block the legislation's vote with opposition leaders storming the chairman's bench, shouting, and throwing punches as he announced the vote. great video there. nicole: very passionate discussion i can see. all right. how do you check this out? what do you think about this? last night the atlanta braves, toronto game, it was time for the kisss kiss cam. who should pop up on the screen, former president jimmy carter and mrs. carter. the former president did give his wife a nice big smooch. mr. carter currently being treated for brain cancer. celebrated his 91st birthday. they have been married 69 years. i would feel a little shy. i'm not sure

now we've got a few more sharing space with merck.ther names taking it on the chin including apple and the story that there has been the equivalent of an app attack or at least downgrade -- that was subliminal -- downloads from the app store that could contaminate, shut your phone down, a lot worse. this is a big app store, i mean, thousands and thousands of different apps. which ones are we talking about? >> primarily chinese apps including we chat which is the host popular messaging app in china, 500 million users. there's the uber of china, if you will -- neil: and what are they saying? >> it was a tool kit issue. so malware was put into a tool kit that was maas crazed as something -- masqueraded as something developers should use, it turns out it was an error-ridden app. and these companies say that no personal information was stolen, but that a malware could have allowed icloud passwords and secure information to be stolen and then used against the user. so apple says they're actively working on this right now directly with the a

amgen, merck, and citi. of the worst performs among stocks with at least $100 billion in market capitalization. citigroup is interesting if you look at jpmorgan chase and wells fargo. a lot of big banks are weighing things down. financials the second biggest sector in the s&p 500. it will be interesting to see if tech, financials and health care can stage any kind of a move to the upside in the fourth quarter. back over to you. >> and we'll ask about tech, financials and health care with richard madigan. will the bulls return in q4? we call him our trillion dollar man. i hope we don't embarrass you when we say that but richard madigan is chief investment officers at jpmorgan's private bank. welcome. way tonight pick up with scott wapner left off with carl icahn. his phase is the joy ride is over for stocks. do you agree? >> i don't disagree if you're talking return expectations. i disagree if we're making an observation that a market is in correction after it corrected. markets have an awful lot to work thro

the opportunities in merck, that had news about trials in the oral diabetes drug which may have effected the over all story on the stock but has been pushed down on news that i don't think is rell tant to the -- relevant to the long-term story. this is what you are buying on days like today. buying great drug companies with dividend yields that traded at discount to market. >> i think they made a point to beat up the individual investors and the momentum names. but if you look at what they've got back into it, it is the biotech stocks. so ibb would be that and i think it is a buy. >> for more on the route and what started this fire storm. let's bring in meg tirrell. what a story today. >> it comes down to touring pharmaceutical, a private company run by a former hedge fund mang martin squely. they acquired this drug for a rare disease this year and they raised the price by 5,000%. that made drss get -- doctors get angry and say they couldn't access it for patients. they wrote a letter to the company. that was picked up over the weekend and started to explode. as for the man himself, he i

merck is up. some of the losers.oasters, the big announcement about soup and. disney, disney is down after morgan stanley cut their target to 10a share. paypal was negative. they have gone positive. finally gap. back to school helped gap with old navy but gap and banana republic sales are down. we're going into holiday shopping season. maybe they can turn it around, liz. liz: back to school is kind of over. let's bring in jennifer, talking about high yield. charlie smith, fort pitt capital cio both of you believe, in essence you expect delays in the fed tightening. you don't think it will be this time around. knowing that, help our investor viewers invest right now. jennifer, are you of belief high yield is place to be when you look at 10-year yield started to do move higher, money coming out of treasurys? >> absolutely. we're still overweight high yield for a couple of reasons. one of which as the fed begins normalization of monetary policy it tends to benefit those higher yielding sectors. they don't tend to declin

. >> interesting, if you show the pfizers, the mercks, they are all lower anywhere by 2-5%, you say this is specific to hedge funds moving out of it. can you attribute that to the follow through of what hillary clinton said earlier this week about pricing that was apparently quite outrageous for some very, very major drugs. >> without a doubt. hillary clinton put the thought in people's minds, now that's out there. and the timing has to do with the end of the third quarter. >> broaden the aperture to the chicago mercantile exchange. we had janet yellen giving the markets permission to run, because we saw them fall when we didn't see a rate tightening at the most recent meeting. looking at the fed funds futures and shows a 20% belief we'll see a tightening in october and 40% belief we see it in december. what are the traders saying in chicago. >> let's call last night's janet yellen speech really what it was, that's a redo from last week's fed press conference. she got a chance to give herself a little more clarity. the market itself priced in a little more premium into the odds of them t

one charge is for the death of alex merck and one for the death of calvin lee. >> this is so serious. what about charges, if any, against the parent who was home at the time of the party? >> this is very unusual. kenneth is always machine is expected to be -- salzmann is expected to be charged with adult responsibility, that he knew or should have known that underage drinking was taking place in his home. he could face up to 25 separate charges. for both men the charges are likely to be filed in october and coming up tonight at 6:00 how investigators were finally able to get an extremely reluctant community to cooperate and how those kids bought all of that alcohol. >> let's hope this sends a message to other parents in other communities out there. >> finally. let's hope. so. >>> police issued 12 subpoenas to social media companies including snapchat and twitter. those companies complied and provided snaps and tweets related to the party even those that were later taken down. >> wow. >>> we've got some breaking news right now out of prince george's county where police have charged a 2

merck is also declining by more than 1% which it -- which is a broad-based selloff in health care.e crossd out the death which is a momentum indicator. this is a chart going out over the past year. the 200 day moving average. the purple line is the 50 day moving average and when you get that 50 day crossing below the 200 day, that is seen as a negative indicator. the stock was already down sharply following earnings and this momentum follows on the heels of what has been a 40% drop in the shares following its last earnings report. within biotech, some of the other bigweights in this down v,ertexgen is falling for the second day. lexion is also taking a hit. pimm: thank you. carly fiorina, her poll numbers are rising due to a strong performance of the republican presidential debate. she is now in second place according to a new cnn poll attracting 15% of the republican vote behind donald trump who has 24%. rise, purple numbers there is more attention being paid to her record when she was chief executive of hewlett-packard. my cohost is mark crumpton. you've got a chart that looks at

merck, goldman, somewhere p morgan and exxon.ore on that, and apple's ad blocking plans with cara swisher of rico in just a minute. it took serena williams years to master the two handed backhand. but only one shot to master the chase mobile app. technology designed for you. so you can easily master the way you bank. it's from virtually anywhere.rn of danger it's been smashed, dropped and driven. it's perceptive enough to detect other vehicles on the road. it's been shaken, rattled and pummeled. it's innovative enough to brake by itself, park itself and help you steer. it's been in the rain... the cold... and dragged through the mud. introducing the all-new mercedes-benz gle. it's where brains meet brawn. awe believe active management can protect capital long term. active management can tap global insights. active management can take calculated risks. active management can seek to outperform. because active investment management isn't reactive. it's active. that's the power of active management. >> good morning. i'm sue herrera.

your merck and pfizers. that's got a big following as well. that's been hurt very badly as well. you know we're going to obsess with biotech, but since the last week and a half since hillary clinton made her comments, john boehner resigned, pnp has been under a lot of pressure. those are all the big pharmaceutical stocks. germany, worst quarter we've had. down 11% in four years in germany. looks modestly positive here as we end, but there you see, that's the quarter to date for germany. they have had a re rough time of it over there as well. carl, bye. >> bob, we'll see you in a little bit. bob. some tech news this morning. if you signed up for a three-month trial of apple music on day one, it's time to pay up perhaps. the first wave expires today. apple will start charging $10 a month for individual plans. $15 a month for family plans, and this comes as apple music, itunes movies, and i books launched today over in china. we've been talking for a while, guys, about what it's going to be like to see this subscription stand on its own legs. john, your thoughts? >> i am one of thos

. >> to merck i think the american people are going to decide who the president is based on the meritstheir qualifications, not based on their religious beliefs. >> my belief is that the 3500 -- approximate 3500 american muslims wearing the uniform of the united states military are loyal to their country, they are fighting and dying for their nation. >> for me, the most important thing about being president is that you have leadership skills, you know what you're doing and you can help fix this country and raise this country. those are the qualifications that matter to me. >> so, what does this say, because we have here carson being able to say this, of course, we don't necessarily have the poll numbers to reflect at this moment what the prepercussions of that are, but if we use trump as the archetype, there may be very little retribution for making or intimating or going up to the lane on such statements here. >> well, what they are saying here is that ben carson did not effectively use the dog whistle. you know, ben carson just came right out and said a bigoted thing. he came out and

look at merck. look at the way blis ol myers has traded. i still think there's plenty of up side. i think the pipelines are still extremely strong. valuation-wise, bristol does trade at a premium valuation versus many of the big names in the farm away space. it is down amid the broad market selloff that's supposed to be good for stocks. jackie deangeles is live at the nymex. >> that's exactly right. we're seeing dollar weakness today ahead of janet yellen speaking a little later tonight. commodities are getting a boost from this, but having said that, how much does this decline really have to do with the fed? how much with other factors in the market? >> it seems sad that it was that the fed's mandate was inflation and job growth. now it seems like it's inflation, job growth, make sure asset prices stay not very volatility, and make sure no foreign economies collapse. every time the stock market starts to fall, we believe the fed is not going to tighten, and that's what we're seeing today. that's why the dollar is soft. >> dovish fed. probably likely to continue from this point on

merck, coke and chevron are down, the rest of the dow 30 are all up. we're up 200 before we broke, now only up 150 on the markets. keep it here. we don't know how we're going to close, we never do, lately the last half hour has been anything but boring. the market seeing the triple-digit gains and only five s&p 500 stocks in bear territory. to give you broader perspective. what's next? will we continue to see the movements like we've seen? what about friday's jobs report and how that works into things. gin -- joined by jeff reed and manager and market strategist kevin karen joins us. jeff and kevin, good to see both of you. i don't know if you heard the last segment, nobody knows nothing. that was just about the federal reserve. but you could talk about china or any number of topics in the news lately, and someone's prediction is going to be totally different than the next person. how are you handling this environment, jeff? >> i think you're right, basically anywhere from here, nobody knows, that's the important thing to do is for investors to be pati

the polio vaccine, the efforts by merck and other companies that basically eliminated river blindness which had been a disease that affected tens of millions of people in africa. but yes, the industry has to be aware of its basic responsibilities and particularly when products are being sold to people with low incomes, profit cannot be the only part of the equation. and we need to find that balance in public policy between giving drug companies strong incentives to do research and also making sure that the fruits of that research become widely available. frankly, i don't think it's a subject that is well treated when industry and its industry allies yell about price controls being the end of the world, or is always well treated on the other side when people call them pirates or suggest that they're thieves. it's a complicated question and we've got to find the right kind of balance. i think if we do that, we can have more valuable research and more reasonable prices for consumers. that general effort that was taken on in obamacare to produce more reasonable health care costs in the un

you've got dew point is weak, merck, microsoft, ge, jp morgan. >> does anybody want to sit there on labornd, sunday, knowing you have monday off and asia doesn't. like that, i think that totally plays into the psychology. >> getting ahead of china coming back. >> off of three days, i want to think about as being as fully exposed as possible. given that asia is going to be open and we're not. i think that's part of it. >> don't forget china closed today. china closed yesterday as well. >> they don't know from labor day over there. they'll be out there selling stocks for a change. >> all right. let's in the nasdaq 100, one name has quietly beaten apple, netflix and google for ten years, the name is priceline, up 5,000% over the past decade. the question is, is it a good bet for the next ten years? interesting stat, right, people probably didn't know which one that was, the nasdaq 100, so much focus has been on technology lately. and what's happening there. >> think about ha they do. at the top of the show, i talked about lending. these guys, it's a lending operation, judge. because pricelin

election was devastating because despite his personal involvement he still lost for the defeat is merck that there were overshadowed. so almost immediately he started to be essentially maneuver through another election. so maybe he hoped he could win a second time to maneuver the process in a way that is exactly what happened. so there would be a new election on november 1st but now in the tweeting increase of violence between the states and pkk and that is puzzling looking at it from their perspective there cecily's no reason for the pkk to escalate. but they have 80 seats as many as a nationalist party and in fact, technically with them losing one member it has more seats than the nationalist side of the young dynamic coalition. technically you think any peace process will have real lakes to it needs to be handled through parliament and democratically elected members. the only thing you can assume is that they have one target that they both is essentially cannot. this is my hypothesis. i have not asked to the leadership for called them up of the phone where you going to do, but the po

much anger there is out there, how much frustration with the system there is, but scott walker, to merck is the classic example, i can think of others in the past, on paper, he checked off every single box that every republican said they were looking for. >> the res may is there. >> >> he would stand in front of an audience and put the audience to sleep. or you had the instances, the press would come to him with specific questions and he would punt, he would say this is not something i'm going to answer, not something i'm going to talk b basically, he was presenting republicans with a checklist, saying these are all the issues that you say matter you, all the issues that i have pursued in which is with us and i have won, you make me president, i may not inspire you, i may not excite you, but i will sign the bills that you want the president to sign. one of the lessons here, that is not enough. people want to be inspired. he didn't inspire them. >> kasie, did he have a following. where do the folks go now, die-hard fans of scott walker, who do they -- any sense who they might turn to now?

let please order a merck. in her business to go >> pam: concerns we have only expect to return the fire zone. as though the entire bay area. >> reporter: >> gabe: alleles are long backed up by a week and a delegate to the 90. >> reporter: 0 kron 4 you mostly clear skies. >> diane: 90 degrees currently right now for over. night hours 5:00 a.m. fill job the 52 for. small and mostly sunny conditions of. notice the highs there in the '80s for a. by the weekend saturday sunday as sunny and warm conditions of their often deters running anywhere between 90 to 95 degrees. wednesday the fact they're picking up after about 15 of our on after saturday afternoon in the sunday as well for. dealing with he and conditions for the entire area. celebrate are showing the bigger picture here no rain in the forecast. sterling not going to help the situation have dry conditions next with herself a. also he things up for us here in some of the bay area as well as. have the jurors right now in inland allocations 82 degrees for inlan

merck is putting pressure on them. i hope she is successful.a memorial service yesterday for the 71 migrants found dead in a food transport truck in austria. a number of people have been arrested in hungary. but is enough being done to aggressively stamp out the smuggling rings? >> it's important they are stamped out. there were reports this morning that the prisons in munich, which is a major entry point for asylum seekers and smugglers, there is not muff spaenough spae prisons. over 300 people have been detained. but we also need to realize that people are going to come anyway. crash cracking down on the smugglers is not enough. and to find a way to help those in need from war-torn countries is a much bigger part of the solution and it's needed. >> indeed. hugh williamson with human rights watch. encourages by what we're seeing in germany and hopeful that others will follow suit. thank you for your time today. >> don't mention it. >>> and this just in to cnn, iraqi officials say 12 turkish construction workers have been kidnapped by gunmen in

. >> i know you have a solid track record of companies, investing in public companies, cubist by merckt name any names for us in terms of the public companies you're watching to be acquired next, but giver us some categories as to what the big companies might be looking for in terms of what they're going to buy. >> sure. right, thank you, we've been very fortunate to have had eight companies acquired in the last two years. and really it's stepping back and looking where the big companies are colliding. if you look back. some traditional partners are starting to compete. so areas where we still think there's a lot of activity. we, the security space. all big-cap companies are talking about, a main issue for their clients. you see a lot of these technology companies trying to move from selling directly to the chief investment officer, to the marketing side of the house to really grow revenue so we like the marketing space as well. >> so those are big two areas i would look at. >> what about apple? it has more than 200 billion in cash. what do you think it is going to look to acquire? wha

. >>> look at the dow 30, just about every component in the green, except for merck. led by home depot, pfizer, goldman. we will get stock trading with jim in a moment. hey mcmellin' you gellin'? i'm gellin' and zinfandellin'. and so is my new bride, helen mcmellin' i'm so happy my eyes are wellin' dr. scholl's massaging gel insoles are so soft they make your feet feel outrageously comfortable. i'm gellin you're so not gellin' dr. scholl's dentist appointment when my teeth are ready? ♪ can it tell the doctor how long you have to wear this thing? ♪ can it tell the flight attendant to please not wake me this time? ♪ the answer is yes, it can. so, the question your customers are really asking is, can your business deliver? >>> time for cramer and stop trading. >> the strongest area of the economy in terms of software that i talked about at dream force is cybersecurity. cyb cyb cyberark was upgraded. there are bear markets everywhere. there's still lots of opportunity, but be aware this stock, which is, i think, one of the best cybersecurity plays has been horrendous down

matt baker has accepted campaign finance donations to the likes of merck, ostertag, big pharmaceutical companies and he is responsible for not being on of the house health committee. i am hesitant to allow or agree to allowing a list of minimally qualifying conditions but unfortunately that has to happen. fortunately, our legislature recognize they are not positioned and this body of evidence is kind of the expanding. we need to have an oversight that acts as great transparency to review the nonmedical avenues involving medical evidence to expand its criteria. i am sure joseph can speak it can speak a better link so that would make a good fit to that. >> my very simple answer is having patients with chronic diseases on the medical board would really appeal to me for the obvious reason. they are suffering. they may have been remission from other other people with similar disorders and that's all i want to say i'm not. thanks. >> i would agree it seems bizarre politicians would be deciding who gets medicine. especially with the white areas across state of what qualifies against medical m

>> assume the worst and accept the fact that if you're trying to buy merck if it goes back to 50, it's kind of interesting. bristol meyers is interesting. stop being scared and thinking you can't believe it. start putting your head in the head of the guy who is selling the futures now and ask if he's smart. is he smart selling down 50? is that something i think is smart. because not everything on your screen is smart. some of it is stupid and that's when you can buy things. warren buffett is right. if you can get the market to take stocks down to levels that you like and there's stocks you like, that's good. it's not paralysis. it's not fear. stop fearing the futures. there's probably, i don't know, maybe ten guys in a room in their pajamas as 4:00 this morning. >> this is your long standing complaint about the market. >> right. i was up looking at the futures. there's a guy in pajamas selling down 40 because he thinks he can cover down 60. god love him. if disney goes to 90 and that means it's down from 122, that means espn is worth zero to me. fine, so they paid too much for the bcs.

be miserable for the rest of the week list of lands for the bailout shoreline communities open for merck read with city level response is on the warm side hundred and two today look at triple digit weather tomorrow and the more that going to be one to as little on as possible in light clothing as possible in terms of the material but the color the way them down with heavy material and dark colors. >>james: livermore is one example if you're looking at up to the east and some of the hottest temperatures low clouds was so ever we have high pressure and that is was a said and they just. >>james: they would want to be hauling the wrong come later on to attempt to 100 and santa rosa a hundred and 47 fell one of to a concord on a worm and antioch in the south but 101 in sunnyvale 100 and san jose home a glimpse of this map you know it is born to be dangerously high. >>james: triple digit weather for the week by the bay shoreline 97 to date 88 tomorrow to 87 on thursday >>george: they've done a system restart so they're operated the trains at reduce speeds in order to do track inspections to ma

hire are some big losers in the blue-chips, goldman, microsoft, merck, dupont and jpmorgan.s across the board. look at goldman almost 3% loss there. the bond market, its usual haven on days like today, the 10-year is down four basis points. 2.12. the price of oil briefly turned positive earlier. look at some but now down half of 1%. energy stocks are also feeling the heat today down across the board. bp off more than 5%. good news for 30 million drivers this weekend. prices at pump, 2.42 a gallon, down more than a buck from year ago. lowest prices in 11 years. we'll be right back. neil: you know recently someone asked me about the donald trump phenomena what is going on here? the best i could offer judging by polls, maybe the nation is hungers for no-nonsense guy. speaks his mind, doesn't suffer fools gladly and calls the shots. this was that guy. category 5 general, mr. stuck on stupid because he couldn't take and tolerate stupid questions. back in his day, lieutenant general russell oner ray, right after the whole katrina fiasco, got unyielding, stupid incompetent politici

apple and merck leading the dow. the etf movers, xme down 2.5% and xly, consumer discretionary down a percent. bob pisani pointing out heavy volume in china related etfs because of the data dump that came out last night weaker than expected. if you missed any of the big stories you can visit powerlunch.cnbc.com. tyler? >> mark cuban says he would crush, crush trump if he was running against him in this presidential race. and that's not the only thing he said. that story is straight ahead. we are back in two. there's no one road out there. no one surface... no one speed... no one way of driving on each and every road. but there is one car that can conquer them all. the mercedes-benz c-class. five driving modes let you customize the steering, shift points, and suspension to fit the mood you're in... ...and the road you're on. the 2016 c-class. see your authorized dealer for exceptional offers through mercedes-benz financial services. awe believe active management can protect capital long term. active management can tap

bristol-myers, merck is a dow component, down 2%. that's what's weighing on the dow right now. pfizer as well, down 1.7%. so the dow jones industrial average is actually underperforming the s&p 500 because of the stronger -- somewhat stronger big pharma component in there. elsewhere if you take a look, we had strong -- whenever oil is up it tends to help the dow because you have chevron and exxon on the upside. they're fairly high-priced stocks. ibm turning around a little bit. tough week last week and the financials doing better. goldman is a very high priced stock. that's moving things and, tyler, ge and some of the global industrials that had a terrible time loost wake alast week also little bit catch up. >> thank you very much. fed lines we'll call them. steve, recap what we just heard. >> we had dennis lockhart, the atlanta fed president, basically making a case for rate hikes defending the idea of a pause saying, you know what, we've made it on the labor test -- or the labor market improvement test for hiking rates and he's confident enough in the inflation numbers to go