merck's medicine was used to treat jimmy carter's stage 4 melanoma. carter announced recently he was cancer free. >> it releases the brakes on the immune system andne permits the immune system to seek out and destroy tumors. it's exactly what was observed in the case of jimmy carter. what's remarkable and what we're seeing here at this meeting is that it seems to be active across a very, very broad range of tumors. nearly all. we're seeing that in a whole variety of different settings, very exciting. >> reporter: competition among pharmaceutical companies is only intensifying. with astrazeneca, pfizer, and others bringing their own version through clinical trials. >> a key question as many of these therapies enter the market is their price. as carry finds a way of escaping one drug, many see combinations of medicine as the future of treatment. with many medicines costing more than $1,000 a month, how do we pay for that? >> this is a really important topic, something we take really

we heard from the merck parents pamela and david, about the devastation of losing their son alex.nformation emerged which was fascinating. that is hours of phone calls made by sam ellis from the jail to his family were reported. in those phone calls, he apparently mocked the speech he was going to give in the courtroom today, laughed about that speech, and said, once it would be so good that even the merck parents would not want to see him in jail after that. he also said he was disappointed because of all this "bs." if that hadn't happened, he would be having an expletive time at the beach. right now, we are standing by live awaiting official reaction to the sentence of sam ellis. the courtroom was completely packed. we just heard from sam ellis himself, who changed person right before sam, his sister testified, talking about her brother's dramatic transformation. he says he is now sober, going to alcoholic as none alcoholics anonymous meetings. once again, teen driver sam ellis sentenced to 20 years in prison with all about four years to spend it. he will also be on a period of

do you own merck? a booster shot today. the drug giant up 2.63% after announcing lung cancer treatment. lot of people suffer from lung cancer, met a secondary end point in trials. those things move pharmaceutical companies higher and that's what's happening with merck. back to president obama, we should tell you at any moment he could make a statement following meeting with families of the victims and with the first responders of the mass shooting at the pulse nightclub sunday morning. 49 people tragically murdered by an islamic terrorist who pledged allegiance to isis. we will bring that to you as soonon as it happens. jeff flock is on the scene in orlando of the shooting. this is the 15th such address he has had to make to victims of mass shootings. jeff, what do you expect he will say? >> reporter: we're told not to, liz, expect a major speech, but could get a statement after the meeting. president flew here on air force one with florida senator marco rubio by the way to console the victims. we're here at the orlando reg

alex merck's their tearsir t evoked tears from peopleeo inside the courtroom. will be th >> dozens of resident turnedent out for an emergency meetingting following a quadruple shooting. police residents and communitynm leaders were all frustrated byrb wednesday night's shootingt's st because they say similarim crimes have happened in thed same location several timesn sei before. now residents hope that police c will address problems like lik drug related violence and abandoned recreational center that is they say contributesib to the uptick in crime.. >>> police in alexandria alexand holding a community meeting tomt discuss the city's thirdty's ir homicide of the year. year. 28-year-old pierre clark wase shot and killed alonglo montgomery street around 12:30d1 wednesday afternoon. so far no word about a possible suspect. >> today the plan whoay tlan allegedly killed his estrangedra wife in a prince george's county high school parking lot and then went on a shooting shot spree a few days later in montgomery county is expected to be in court c.to be in court eula

crash on the shoulder attracting a little bit of attention and in north wales if you're headed to merck work this morning, there's a new crash along sumneytown pike at parkside place by the park. also watch out for construction crews working on the delaware memorial bridge all day today headed into delaware, two left lanes blocked so i think delays will be possible. matt. >> thanks, matt. >>> developing from the overnight, a five-year-old child who was sitting in his house preparing for a late dinner with his family was hit by a stray bullet. "action news" reporter annie mccormick is live at chester police with the details. annie. >> reporter: and matt, investigators still looking to see who is responsible for firing those shots that hit that young five-year-old boy in the arm. that bullet then traveled to his shoulder and police say that that bullet is now lodged in his shoulder. the good news is as the little boy was being taken to the hospital, he was alert and conscious but now investigators say that his injuries do not appear to be life-threatening. well, this all happened around 1

this is a breakthrough for merck.f you think the market is going to turn, they're going to reach for merck first. >> we'll see. but oil is an anchor. >> oil has to go up to get anything to happen. >> what's going on on "mad" tonight? >> we have stanley bergman and doug meritt, big data, that's about big data. people have to understand that not everything is a big joke in tech. remember that linked-in, got paid a lot of money, splunk got a lot of money. i'm urging people not to jump ship. oracle, it's a very inexpensive stock. ellison, he has an island. it like a country. i want to visit his country. maybe if it's a good quarter and i say something good, he'll let me in. >> when we come back, morgan stanley's equity chief adam parker. early session lows down 130. experience the thrill of the lexus is f sport. because the ultimate expression of power, is control. this is the pursuit of perfection. ♪ ♪ >> good thursday morning. welcome back to "squawk on the street." david faber's off today. s&p taking the losing streak

merck and others?n running my models on this one and what they could -- be doing here in also terms of pricing lower than anticipated, they may be taking a step at getting a larger volume than the rest of their competitors. we're expecting the drug to be approved by the end of 201, america's -- merck's programs further only in 201. so come in with a decent price. try and get as many of their parents using the gilead drug so that when the others come into the market, all these contracts are in place. that's what we saw with the gilead the first round, the gen type one. they got a punch up front and made life miserable for competitors later on. emily: thank you so much. you can find more of our pharma coverage on the bloomberg@pharma go and on bloomberg go slash pharma. that is all today from san francisco. this is bloomberg. ♪ ♪announcer: from our studios in new york city, this is "charlie rose." charlie: we continue this evening with our coverage of britain's exit from the european union. it's set off

judge has freed gilead sciences from any liability on the fight with merck.he judge found a pattern of misconduct by merck which includes lying under oath and other unethical practices. >>> sorry stocks to watch. fedex is raising its quarterly dividend by 60%. fedex's profits have topped forecasts the last two quarters, and that's thanks to a surge in online shopping. >>> united natural foods is raising its financial outlook. whole foods accounted for more than a third of its sales last year. and 30 quarter profit beating forecasts that's thanks to a 21% rise to rv sales. and it is the summer diving season and we might see more of those rvs on the roads. >>> let's move on to other corporate news, cisco reportedly receiving nominations from other executives. "the wall street journal" cites an internal memo. the executives were responsible for a number of key products leaving the company falling on what sisco calls a disconnect. >>> an executive at twitter. executive shuffles at twitter replacing the head of the products team. twitter does not have a permanent

the parents of alex merck testified nothing is the same since their son died in the crash. prosecutors played records of ellis' jailhouse phone calls in which he complained he should be having a fun time at the beach. classes resumed today at clarks high school for the first time sin the death of three student athletes. grief counselors were on hand today for classmates grieving the loss of the teammates. the banner outside of the school reads hashtag #clarksburg strong. patrick and kerry were passengers in jacob's truck tuesday night when jacob lost control and crashed in a tree. police say speed was likely the cause. school was closed yesterday for graduation. >>> in may, records show a former stanford university swimmer will only serve three months of a six-month sentence for sexually assaulting an unconscious woman that if if rock turner stays out of jail. part of the victim's lette read on the house floor today. ted poe calls for the removal of the judge in the case. he urged an appeals court to overturn that sentence. the letter and the case has drawn national attenti

bristol-myers and merck working in another class of immunotherapy drugs.% in bristol-myers today. more good news than bad news out of this conference, melissa. >> meg, i do want to ask you about the move in the after-hours session, can you give us the latest on that? >> this just came out. sarepta announcing the fda requiring more on the protein for muscular dystrophy. the company saying in a short statement, they are going to provide the data. they don't need to take any new biopsies or anything like that, they can provide it to the fda and they're hoping for a prompt response on whether the fda will approve this drug. basically any whisper about any of this decision, that's why the stock is moving so much. >> meg, thank you. pete, you had been in serepta calls. >> it performed pretty well. i got lucky. i'm out so i'm not participating in this at all. what's interesting about what meg's talking about, how many big farmo names are part of this as opposed to just the biotech world. obviously the issues with the cancer drug that wasn't as good. it's interest

. >>> drugmaker merck is buying a drug company in the bay area for $500 million. the company is a privately held biotech company that focuses on treatments for chronic conditions. they could pay up to $750 million more if all goes well for medicines in development. >>> and uber users will soon be able to schedule a pickup up to 30 days in advance. the feature was launched yesterday in seattle. up until recently, the company was opposed to the prebooking. but it wants to better serve business customers. lyft plans to start testing a similar feature in san francisco. >>> nashville topped the list of places with surging job numbers. verizon and nissan helped employment in williamson county jump 6.8% in little more than a year according to a new government report. utah county, utah, a tech hub near byu saw the second biggest jump followed by a dc suburb with lots of government jobs. >>> 4:57. still ahead, we are following an early-morning earthquake in southern california. >> a big shake-up at the top of another local police department. more on the man who stepped dow

the more mainline pharma companies -- merck is the world's largest maker of vaccines.t is a business that absolutely make sense. why wouldn't you want to invest in a company that is preventing instead of solving problems? let's head to the markets desk. shery ahn has a check on company movers. shery: with treasury yields falling, it's not surprising that we are seeing banks taking a hit. the 10 year note falling to the lowest since january. falling for a now second consecutive day. citigroup falling almost 3%. along with financials come insurers are having a tough day as well. trading at the lowest level in more than a month. prudential at the lowest level 12.e april metlife also falling 2.2%. energy companies also falling for a third session. not surprising to see this longest run of declines for energy cup is given that oil is now trading below $50 a barrel. chesapeake energy seeing the worst day in a month. a plunge of more than 9%. yesterday, we saw ubs cut the stock to a cell. -- a sell. they sought continued weakness in the independent power producer. southwester

merck is gaining more than 2% and getting the most in more than two months. few bright spots in the market. scarlet: thank you so much. oliver: let's check in on the first word news where taylor riggs has more. say the labor party is meeting with constituents in west yorkshire when she was shot twice. a suspect has been arrested. witnesses told the bbc he had a handmade gun and campaigning has been suspended for the day in the british referendum on the european union. a man described as psychologically troubled with links to radical islam has been detained in southern france. officials say he is suspected of plotting possible attacks on american and russian tourists and police after two police officers were stabbed at their home by an extremist claiming loyalty to islamic state and the attacker was killed in a police raid. isbaltimore, the judge refusing to dismiss charges against the officer facing the most serious offenses including second-degree murder manslaughter in the death of freddy gray. vanofficer drove the police in which freddy gray suffered a fat

america, stateth grid corporation in talks to buy energy -- a brazil engineering merck. 23.6 percentat 1.5 billion dollars, and that does not include premiums. goldman sachs cutting 98 jobs in new york, taking the number of dismissals to 350. goldman sachs is seeking to whether a trading slump, cutting dozens of senior positions across several divisions. tokyo, forecasting its first loss in eight years, share price headed south, mitsubishi saying the fuel consumption scandal won't carry over to the next year and is not planning to revise capital spending. the transport ministry has confirmed that there are no more faulty figures, so you can trust us when we say there are no more improper data. however, i understand we have a long way to go to gain the trust of our customers and investors. and improve forward our corporate culture, where anyone can speak up if there is wrongdoing, and we must stop people from staying in the same role for a long time. powered by over 2600 journalists and 150 bureaus around the world, this is bloomberg news. less than five hours away from the polls open

merck pharmaceutical rallying after its lung cancer drug was found to meet some of its goals. david: the word of the day, the week, the month is risk. greece is not the word, risk is the word. let's take a look at what is happening with the vix. today,p on the year and we did see the vix jump higher to the 21 mark, coming off of that just a little bit. for the past four months or so, we did see adding in the vix down to the 13 mark, but pushing back higher to highs not seen since early february. i want to talk about the u.s. 10 year yield, dropping and is now up a little bit higher. drop rightsis point there. check on theget a headlines with taylor riggs in the newsroom. has died u.k. lawmaker after meeting with constituents. ofcox, a labour member harlem it was shot twice. she was 41 years old and was elected last year from west yorkshire. police have arrested a suspect and campaigning has been suspended today in a referendum on whether the u.k. should leave the european union. the cia director updated lawmakers on capitol hill today on islamic state. he appeared before the s

merck *, apple and visa are among the biggest laggards. and ibm on the plus side. it has been a wild week for the markets. let's buckle up. next week we could see a lot more volatility as we approach that all important vote in the u.k. on whether to leave the european union. shares of gun stocks spiking as congress debates gun control laws. watching the action in the oil and gold market from the cme. oil we understand it's more oil rigs looking for oil, and that's had an impact on the price. >> it did. we saw the biggest jump in rigs. but we are still down almost 297 rigs from where we were a year ago. initially after that report came out oil prices went back down. but because we were down so much on the week and concerns about the risk to supply over the weekend, the market rebound and closed higher. one of the reasons is nigeria we had another pipeline explosion. there is question whether that means the talks going on between the nigerian government pant rebels will fall apart is raising concerns that could come into play next week. if you look at the overall cou

. >>> so last night on merck"amer got talent" a woman got up on stage and she planned to sing bonnie raitt's song "i can't make you love me if you don't." her name is ronnie martin. she got up on stage. she's 62 years old. >> which is young, i think. >> she starts singing the song and guess what happens? take a look. >>. ♪ just hold me close and don't patronize -- ♪ >> i don't think that song was right for you. >> okay. >> what else have you got? >> i have "natural woman." >> shall we try that? >> okay. >> ♪ looking out on the morning rain ♪ i used to feel so uninspired, now i'm no longer ♪ doubting for what i'm aiming for and if i make ♪ you happy, i don't need to do more because you make me ♪ feel, you make me feel, you make me feel ♪ like a natural woman, yeah [ cheers and applause ] >> that's so great, isn't it? >> i want to start crying. >> i am crying. >> want some listerine? [ laughter ] all four judges voted for ronnie to continue in the competition. there is a great moral to that tale. >> you know what? when you are in the middle -- she's probably nervous, she's singing her

that means you can go back to johnson and johnson or bristol-myers or even merck. some interesting news this morning. you want to buy higher yielding tech stocks without all that much risk. now that growth is linked in, maybe even this a report of pretty good numbers. you want the growth utilities. at&t and verizon. why be a tad more conservative? this brexit stuff changes minute to minute. if we go back to worrying about it, and tonight i have the one and only will fred fox off show. i want you to know stocks you can buy into more weakness if britain does vote to leave. how about all those juicy retailers with the fat 4 to 5% like macy's or kohl's? they're too risky. may it out. if we get a brexit, we find out the retail sales weren't that low. you'll end up buying low and selling even lower. so here's the bottom hine. we don't know which way yet the brexit vote will go but we feel better about it not happening at least today. we don't know oil. i am saying i don't expect to it crater. most important, don't take on a lot of risky stocks. the reward may not be as g

merck e's got talent airs every tuesday night at 8:00 only nbc 4.more folks that age out there doing that kind of thing. >>> ahead, the sinkhole that stretches from the sidewalk to sidewalk. what witnesses say they heard moments before the ground gave way. >>> you have to stop and take a look at this. a giant sinkhole just swallows up a minivan in canada. you see that? >> whoa. >> this happened just blocks from parliament hill in ottawa. witnesses say they heard some kind of hissing sound and moments later the ground gave way. several nearby buildings had to be evacuated. natural gas escaped into the air and water gushed into the hole before crews were able to shut it off. >> wow. sunshine credible. >>> somebody came out with their park mobile app, says i parked right here. where's my ninny poof. into the ground it went. we have sunshine and a beautiful day. temperatures in the low to mid-70s now. if you're thinking about going down to the beach this weekend, friday, saturday, sunday will be three very good days. friday and sunday will be the better

we talked with merck research labs doctor about how it works.ake a listen. >> the overwhelming topic of discussion is immunotherapy. in essence releases the brakes on immune system and permits the system to seek out and destroy tumors. observed in the case of jimmy carter. what we're seeing at this meeting is it seems to be active across a very, very broad range of tumors. >> now, merck is competing with bristol-myers well roche ands a trasen ka is also competing in the space. we talked with ceo pascal this morning about how it plans to compete through combination therapies, take a listen. >> we do combination and we are going to be first actually in term of getting approval. of course medication has to work. and that has been the big question, is it going to work? is it going to work better? but those data give us, you know, good reason to believe it will work. >> now, other stocks to watch include johnson and johnson, people pleased with some of its myloma -- people saying those data are underwhelming and cowen downgraded abbvie this morning.

merck had a trial, 100% f-cassy in terms of interim results. reported interim naze one results from healthy volunteers. how do you compete with huge companies like that? i mean, people invested in inovio and your press releases based on getting darpa funding? is it fair when you have all these competitors? >> we've got think more in terms of leap-frogging the technology. we have a platform that we can use to get the data that we want from the trials. for instance, ebola, we're in the process of completing our first 75-subject study and we were able to produce antibodies that can protect the patients perhaps and we're in the process of submitting those papers for peer review publication so, you know, the public -- the medical product development is a long and arduous road. we're fortunate enough to have a technology and dna-based therapies where we can safely and perhaps more efficiently and effectively advance these products, so we'll looking forward to hitting our milestones and first starting the zika study and finishing the first 40-subject

specifically companies working in again, lily and merck and see a direct correlation in trending in stocksurom fisher because labs buy their equipment. that's interesting and people don't think about that so much with hillary clinton. that's a big part of her platform. if you look at donald trump, he's come out and said he would repeal obama care, which surprises nobody but makes really anti drug industry comments like allowing the importation of drugs from other countries like canada where they are less expensive and allowing medicare to negotiate. i'm hearing analysts and investors are clear on what hillary clinton would do. that's good. they are not so clear on what a trump presidency would mean for the drug industry. >> surprised. >> surprisingly. everybody says we'll see headline risk into the election and whether people can elect anything after that is a huge question mark. >> right. just the pricing issue on which both candidates agree the drug prices in general are too high. isn't that enough, the rhetoric? we haven't had a piece of legislation or anything done, right, since hillar

. >> merck's g e"america's got ta last night." it was a two-hour show, it was howie, mel b. and heidi klum and simon cowell. simon wasn't holding back. >> he hasn'tlo take a look at his reaction to a boy band. ♪ i'm going under but i know i'll make it out ♪ alive, calling you my lover -- [ buzzer sounding ] ♪ bleeding till i can't -- [ buzzer sounding ] >> what's your name in the middle? >> tyler? >> yeah, you shouldn't be singing. >> no, that's harsh, no. >> you shouldn't be singing nervous. >> they were very nervous. >> i'm being honest, i don't want to say this was anywhere near good enough and you have to come back much better than that ch. >> he's honest. wow. >> he's kind of right. >> who asked you over there? [ laughter ] >> i mean my ears were hurting a little bit. he was a little bit terrible. i agree. >> they were only singing harmony so how did he know it was the middle guy? >> he knew. >> that's a pair of ears. >> it's always his tone. like you can say you're not good but the way he says it "you? what's your name, you're lousy." >> you're shouldn't be acting. get

merck america invite ad million plus muslim migrants, ref bees into germany and that made europe as a whole incredibly nervous, including the uk? >> absolutely. i think fundamentally "brexit" success is an assertion of sovereignty once again. it is about pushing back on faceless centralization, utopian socialism coming out of brussels but the last nail in the coffin, from point of view of the uk was this unfettered immigration into the continent, because, look, what have we seen happen in the last year? we had two attacks in paris. we've had brussels. and on top of that, we found out after brussels, that the jihadists were using false syrian actually arrived as refugees. they had used refugee status to gain access to the eu territory. it is common sense, trish. you are endangering the citizens of the nation by following dictates of angela merkel or these faceless bureaucrats in brussels. trish: you can understand how people in england, dr. gorka, are saying, look, i don't want brussels telling me who can come in and out of my country. i want to be able to secure my country for myself.

and you're seeing results and value delivered to patients unlike we have seen before, for example, merck released some late stage melanoma data that showed 40% three year survival rate, which is over double what you with normally see with traditional treatments. and so these new innovative medicines are delivering a lot of value to patients and the system. and so i think the important thing when we have the cost discussion, you've seen a lot of negative headlines in the news lately about companies rising the prices of old medicines and i think there is something to be done about that. but it is important we also foster innovation and make sure that there is a good robust market for these new drugs, so that we can continue the r & d process. >> the health estimates i'm looking at, global spending on cancer medicines that could increase from $100 billion in 2014 to $147 billion in 2018, that's based primarily on the old medicines or on a mix between the old and new. >> so, a lot of that growth is from the new. these are innovative, new medicines that are delivering, unseen of value to the

and the merck is leading the way up 1%. is woman owns this house, with new cabinets from this shop, withandles designed here, made here, shipped from here, on this plane flown by this pilot, who owns stock in this company, that builds big things and provides benefits to this woman, with new cabinets. they all have insurance crafted personally for them. not just coverage, craftsmanship. not just insured. chubb insured. real is touching a ray. amazing is moving like one. real is making new friends. amazing is getting this close. real is an animal rescue. amazing is over twenty-seven thousand of them. there is only one place where real and amazing live. seaworld. real. amazing and i thought, well, you need to go to the doctor. i was told that is was cancer, and i called cancer treatment centers of america. dr. nader explained that they can pinpoint the treatment. once we identified that there was this genetic abnormality in her tumor, we were able to place her on very specific therapy. our individualized care model gives each lung patient specific treatment options with innovative procedure

up 3%, chevron is one of those big, big leaders in the dow along with exxonmobil, but we've got merckng very nicely up three and two quarters percent. names hitting lifetime highs include dollar tree, general mills, on the big board more than 100 names are hitting at least 52-week highs. and wenot ignore the financial frenzy happening right now. economically sensitive stocks that were beat up are staging a come back. we're talking about financial names like jp morgan, morgan stanley, bank of america, citigroup, everybody's up anywhere from 2% to more than 3.5%. so to the issue that is happening to our north, we are just moments away from president obama's press conference with fellow leaders of nafta countries. canada and mexico. during the three day, talk about to expand trade ties and also increase the use of renewable industry. just how to do the plan on doing that? blake burman outside the white house, have been watching this, blake, we apologize if we have to interrupt you but when canadian prime minister trudeau takes that podium, we're going to jump to him. >> i understand. and

let's get to the merck business flash with husband i mean.ill sellvolkswagen assets as it tries to navigate its way out of the emissions scandal. according to people familiar with the matter. the company is planning to combine to cut costs and boost efficiency good vw faces billions of dollars in fines. .- efficiency vw faces billions of dollars in fines. vw may make an announcement as early as tomorrow. the largest clothing retailer has reported first-quarter profits that beat estimates. it increased to 705 million euros in april. -- fromted revenue came the zara store. china's asset management are preparing for a crackdown as a part of a move to target shadow banking. mutual funds will need to adjust leverage ratios for investing inequities, fixed income and nonstandardized products. units of public mutual funds will need to hold $300 million in net capital for every $1 billion under management -- the final round of bidding for yahoo! is said to have seen horizon -- verizon, at&t -- joined by three private equity groups. -- somethe six suit

there is a showdown happening between bristol-myers and merck.t will be closely watched over this weekend as more data come out on those. other folks working in that space include roche and astrazeneca. roche just got another drug in the class approved. ands aextra zen ka working in that space as well. pfizer and eli lilly have a new class of breast cancer drugs. and smaller names can be watching also. of course monday we'll be there with a lot of these guests and ceos, biggest names in the business, and here on halftime report we're going to be interviewing the roche pharmaceutical ceo daniel o'day. >> let me ask you, m&a. we expect anything like that to come out of this kind of a conference? you had pfizer's ian reed saying we consider another mega deal, just not an inversion? >> that's right. well, pfizer just did that. but that wasn't in cancer and they are really investing a lot in cancer. we could look to see at least what kind of targets they might be looking at. we don't necessarily see announcements of m&a happening at asco but the precu

liz: look at these, you picked these three, merck, cisco, simon property all have a dividend of 3% orghs the 1.6% that the ten-year treasury's yielding. you're saying go with a good name and at least own a piece of a company here. >> that's exactly right. and all of these are well-managed companies. they all have their challenges, clearly, in a slow growth economy, but they're well managed, and they can produce good, solid cash flow and grow dividends over the time. liz: we're trying to get lori back in front of the camera, but i think it's important to also note that we still at these levels have the biggest gains in what, charlie brady? more than a month. more than a month. >> yeah. it's nice to see. and i think it's reflective of the fact that there's this political overhang starting with brexit. we got the fed out of the way, that's h liz: hold on. the floor. talking to traders? reporter: hi, there, liz. apple went negative. also microsoft and cisco. the bigger picture, profit-taking here. maybe some relief finally. a lot of writers this morning were saying, gosh, let's get past t

of risk to the downside and that is why i want to be in more defensive ends and the pfizer and the merckr the gm or the cisco or the apple. >> take a step back and i want to comment about the point of yield. also, the market timing is a difficult strategy to execute, and just the factoid that i see research coming sort of compiled and if you had stayed in the market, and consistently over the last 20 years the annualized return would have been close to 10%, and if you missed the 90 best days of the s&p returns that is negative 4.5%, and that is a huge swing, and so the view is the primary determinant of mitigating the risk performance, and really just being fully vested in the market, and the investors as they are coming back into the market to have patience to go through the volatile periods would ultimately give them the best e return. >> do you think that the fed hikes at all, and the house view at morgan stanley is not until december and goes through the election. >> yes, and deeply politicize it. >> and that is your view as w well? sgle, yes it is. you deplitize and get more data in

merck says the drug works so well, it will be everyone involved in the trial. mr. roker, we're getting a little view of the house. >> that's right. this is not the house. >> a house. >> neighborhood. bunch of folks over here. $25,000 grand slam reveal. first, let's show you -- reveal what your "weekend outlook" is going to look like. starting with tomorrow, we are talking about a lot of heat in the southwest. slight risk of strong storms in the southeast. wet weather in the pacific northwest. midatlantic states showers and thunderstorms. on saturday, east coast looks pretty good. wet weather down through weather and eastern half of the gulf coast. slight risk of strong storms in the plains. that heat expands southwest. sunday, sunday, eastern more record-setting heat on sunday. southwest into the some scattered late showers in the immediate area. very heavy rain on the eastern shore. we head into the afternoon hours, we could be dealing with scattered strong to severe storms, strong gusty winds producing wind damage, hail, an isolated tornado in northern virgin

merck says the drug works so well, it will be offered to everyone involved in the trial.le view of the house. >> that's right. this is not the house. >> a house. >> neighborhood. bunch of folks over here. $25,000 grand slam reveal. first, let's show you -- reveal what your "weekend outlook" is going to look like. starting with tomorrow, we are talking about a lot of heat in the southwest. slight risk of strong storms in the southeast. wet weather in the pacific northwest. midatlantic states showers and thunderstorms. on saturday, east coast looks pretty good. wet weather down through weather and eastern half of the gulf coast. slight risk of strong storms in the plains. that heat expands southwest. sunday, sunday, eastern half of the u.s., detect wet weather and more record-setting heat on sunday. southwest into the cen >>> 25 grand slam. >> it's time. are you ready? >> few weeks ago we launched our 25 grand slam contest with help of state farm one lucky person is getting $25,000 to help them through their next big hurdle in life. al is now ready to hand out that cash. he

followingears to be -- we see some of the other health-care related shares, lower today, merck, questaking a hit. large cap pharma down as well. pfizer, j&j, bristol-myers. the senate is set next week to meet on drug pricing. that went into that u.k. decision to not approve that it wasrug, the fact that weighing the efficacy of the drug versus the cost of the drug. cost still very much on investors minds. the nasdaq biotech index is down nine straight days as of today, it's worth losing streak in 20 20 years. this is a volatile group. a nine session losing streak is still notable here. >> health care, what's going on in the rest of the market? >> that's one of the reasons why we are seeing this selloff that's going on. all three major averages hovering around their lows of the session. it is a witching day, the expiration of futures and to causeontracts tends additional volatility, particularly at the open and close, as well as increased volume. take a look at the bloomberg for the sectors in the move. technology also lower. energy is the one group in the green at the moment. scarlet:

there are drugs on the market from merck, bristol-myers and roesch.strazeneca is also working in this space. also as these drugs get combined with one another, a lot of conversations going on about the cost of these therapies. we spoke with roche pharmaceuticals. daniel o'day. take a listen. >> we take a look. how much access do we have to life-saving medications. >> every company is talking about this with different solutions being proposed some of that is really one huge topic at the conference. in terms of stock movers, you're seeing companies like kite and juneau. on the filibuster side, abbvie. getting a downgrade from cowen today. and all eyes are going to be on a conversation with vice president joe biden who's speaking here about the white house's cancer moonshot in just about 40 minutes, you guys, so pretty exciting. >> meg, i was reading about these combination therapies that you've talked about a couple of times. we're already concerned, i guess, as a country of drugs that cost $75,000 or $100,000. what happen wheps you combine those for ef

merck and phaser. look at examples, pfizer had to cut the dividend in half.he lowest it's been in years. you go through the examples one by one. chevron, at what point are you a past investor? you see the column on the newspaper but not thinking about what is it going to cost you not long run. >> and is it sustainable stuff. >> that's the question, is it sustainable. it really is with the exception of oil companies but chevron and exxon -- >> you need something. your earning haves to go up or dividends have to go down. >> i was just saying none of these companies have outstanding growth. i'll take the dividend. >> they will say they are paying it out of cash flow whether net income or not is the question. pfizer, a big reason they wanted to do inversion and have access to the overseas cash because at some point it has to bridge the gap. >> yeah. >> without that overseas catch it's relying on debt. >> i wonder if that's why we see a tech name like microsoft. they had a lot of cash overseas. >> historically, the ratios weren't that high. they started to chalk t

the williams, symantec, and merck.e down side, pioneer natural, united rentals and american airlines. tokyo-style ramen noodles. freshly made in the japanese tradition, each batch is small. special. unique... every bowl blurring the line between food...and art. when you cook with incredible ingredients... you make incredible meals. fresh ingredients. step-by-step-recipes. delivered to your door. get your first two meals free blueapron.com/cook. experience the thrill of the lexus is f sport. because the ultimate expression of power, is control. this is the pursuit of perfection. >>> on this day in history america's first roller coaster opened, the year 1884, coney island, in new york. joining us now, tyler is a vice president. guys, good to have you here. tyler, let's start with you. what drives these stocks. is it simply they duo down during a recession, up when the economy is good or more focused when they have really cool new rides? >> i think the biggest driver is the new attractions they have in the park. whether t

that's after the drunk drivingng accident a year ago now thatow t killed two passengers in his car alex merckunderagedd drinking party before the crash and ellis was driving more than 100 miles an hour when his caris went off the road hit a fencece and flipped. the sentencing hearing here ater the montgomery county courthouss is going to be starting at 1:30 today. we just found out that the roomo has been moved to a bigger spaca because such a large crowd is expected.expe this is also expected to beted e quite a lengthy hearing. three hours long and that's tha' because ellis' attorney is going to be making a case for why his client should get a more lenient sentence.seen trying to avoid that 20 years behind bars. bs. we're live in rockville, lindsay watts fox5 localn >> still ahead on good day,d d we're celebrating a couple ofou milestones.mistones. first up, wpgc 17th birthday.. this morning joe claire,ing. cln >> birthday bash anniversary,y right? >> yes. it feels like wbgc has been around since i was in college. >> there's joe claire over the there. >> joe claire, what's up? rapper young g

tr last year ellis and his friendss calvin lee is and alex merck mek left a house party where alcohoh had been served and got behindod the wheel.th he had not only consume alcohol but was also under the influencu of marijuana. >>> ♪ >>> okay. let's head back to our gang outo there in anacostia.st tucker and allison, no longer ln handout but another beautifult landmark the frederick douglas l house it.hous i >> looks so pretty on the water, though, guys.ough, ys >> i know. it was gorgeous on the water. and we appreciate that tour. it was beautiful. was beautif >> yeah. >> >> take advantage of those freeo river tours. river >> it was absolutely gorgeoustor there. but you know what we moved on mn very quickly and we're in i another absolutely gorgeous spou right now.righ >> the frederick douglas house, oy mean, we're taking abouting a living history right here, guysy we'll talk more about exactlyxat where we are.e we this has to be one of thene of e highest points in anacostia.nast i feel like i can see s everything. ev >> i don't know if you can seeno or not an up credible view of uf he

he appears now to have won some ground here alongside angela mercking in slowing this process down anding it perhaps more considereded. i'm assuming there is a silver lining for markets? >> well, i think so, simon. as you rightly say, he hasn't invoked article 50 and made it clear, i don't think it was a case of making ground with angela merkel, this is britain's sovereign decision alone to make and he had informed the likes of angela merkel he doesn't plan to invoke article 50 yet and will tell the european commission that tomorrow as you said at the top and sara said as well. this is for the new prime minister to invoke. he said there's work that could get done between now and then. two other key points from the speech we haven't mentioned yet. this was not the result i wanted nor the outcome i think is best for the country i love, but here's the important bit, a decision that must be accepted and implementation must now begin. so all of those questions of whether we would see a second referendum, this could be overturned he certainly pouring cold water on that at the moment. the oth

a fill os fear to a history conference. [ laughter ] the words black or african-american work as mercks of drk markers of difference in my view. as a way of signifying a struggle against white supremacist practices and a repertoire that reflects the unique journey as religious predeuce under unique meanings. it calls up a culture in our effort to understand the religious pract is of a particular people so when i use the phrase african-american religion i'm not referring to something that could be defined substantively apart from the thick practices rather my aim is to orient you the reader in a particular way to the material under consideration to call attention to the social political history that informs the topic at hand and to single out the workings of the human imagination and the spirit under particular conditions. sentences that begin african-american religion is -- or rather a rarely simply descriptionive. what that religion is and ought to be like african-american is prophetic or it is emotional. but to understand the sentence african-american religion is -- only in this way r

the report to believe we need a stronger military aid to be stronger politically pallid say on the merckright now so that relationship with their british exiting if it becomes central to everything united states needs to do it does give back to values and i respect obama very much i hope to give that declaration for the american commitment to there is any doubts that trump could be a minority of one and maybe they could.org and hillary clinton deftly stance of the nato alliance and everything she is doing. >> i have one caveat. it is not only about paying your way you should do what you agree to do no doubt i think the american public is the longer willing to be the only one dawning in these missions and think they will have to stand up to the combat roles in a lot of them do. >> even partners like georgia. and a lot of them do it would be much better if everyone did one of the difficulties of the 28 nation in the near future is agreeing to the same thing i thank you have to have a more agile capability house someone to do some things like we did in libya because if you and says to on an