northrup grumman off a fraction at 263.86. after the bell, giliad sciences top expectations. the company had warned earlier this year, sales of the high priced drugs would fall, because fewer people were eligible for treatment as well as more competition from rival drug makers. giliad shares initially rose following that news. >> etf's have become very popular with investors. 15 years ago today, the first bond etf was offered. how far have they come and how far will they still go? >> a new division of bonds called i shares, they called it an exchange traded fund. even though only 4 funds were launched that day, it changed the way bonds are traded. the assets oefrn $700 billion, and most of it in the united states. that's a success by any measure. and the business is only going to get bigger. you keep more of what you earn. despite complaints that the etf business has grown too fast. they're really a small part of the u.s. equity and bond business. it's only 1% of the whole bond market and 8% of the whole market. it could get to 50% of the u.s. stock market, that could take ma

northrup, boeing and lockheed are all bidding. nato allies just s4% this year after intense pressure from president trump. and while it will take time for approval, a flurry of arms deals will boost futures. i'm morgan brennan. >> still ahead, why small caps could delive >>> warren buffett's berkshire hathaway way is buying 700 million shares in bank of america. that makes him the largest shareholder in that bank. berkshire plans to convert the purchase into common shares. it gives the holder the right, but not the obligation, to buy a security at a certain price and quantity at future time. also the top shareholder of wells fargo. >>> cara therapeutics tanks. that's where we begin the market focus. they cut the rating on the stock today to neutral from buy. saying the results from the company's pain medication study were disappointing. the trial showed that patients who were treated with the tested drug at lower doses did not experience significant reductions in joint pain. shares of the small cap plunged to nearly 40% to 15.39.

. -- northrup grumman. so much going on between ever two countries, is there any issue on the subject of u.s. -u.k. said trait that has come up to the table between yourself and the u.s. cap part -- counterpart? yes i have been asked this question before. we got nato to agree now that a separate attack can be construed as an attack under article five. i think that's important that we recognize cyber as a domain alongside the other domain. don't think it's useful to start specifying specific thresholds. i think the danger is, if we did that, we would start to see several attacks just below the threshold that we have identified. i would rather our adversaries whatleft uncertain as to the qualifying level of pain is, if you like, before article five would be triggered. -- on mosul, pushing out of iraq and the meeting -- and the remaining cities in the river valley, we want to be sure we don't have to go back in there and do this coalition all over again. 71 countries, and investment over three years, a huge in

defense stocks like lockheed martin, northrup grumman ending in the red. let's get to form campaign adviser to george h.w. bush, he is campaign senior adviser, president of proactive communications mark serrano. good to see you. >> thank you, liz. liz: will merkel listen to president trump how to curb terror attacks? >> no, not at all. a lost cause. i am speechless, speechless. can you imagine? donald trump says no more, angela merkel and her administration say expect more, expect more terror attacks in the streets of germany. that's what they did today and unfortunately angela merkel in globalist open borders approach is unreachable by president trump. liz: germany was hit by five terror attacks including a december attack on a berlin christmas market that killed a dozen people. seven attacks were failed or thwarted according to the german interior ministry. a new poll shows a majority of the polish people more than half prefer to keep protecting poland's borders and restrict refugees than prefer to be a member of the eu and 57% give up on eu developments

i am so tired taking heat with kratos but i didn't care for the general dynamics quarter i think northrup grum monld was good let's do to shannon in virginia. shannon? >> caller: hi. i'm interested in wayfair stock and whether it's good buy. >> wayfair is what i call a genuine, homespun short squeeze. there's 20% of that stock sold short. the bears and bulls go at that one every single day i avoid battle grounds i look for clean stores. every day is a challenge every day we hear the naysayers. but you know what? i'm constructive the bull continues to rage on. on "mad money" tonight, the president has been fond of referring to a certain paper as failing. so how has the stock of "the new york times" done lately? plus, domino's has been hot since it cooked up a new recipe for pizza and digital delivery this is an opportunity to grab a slice. and health care may be taking a large amount of congressional attention, but i have three stocks in this base that you need to pay attention to i'm going to fill you in and tell you about the killer bs so stick with cramer >> don't miss a second of "mad

. -- northrup grumman. so much going on between ever two countries, is there any issue on the subject of u.s. -u.k. said trait that has come up to the table between yourself and the u.s. cap part -- counterpart? yes i have been asked this question before. we got nato to agree now that a separate attack can be construed as an attack under article five. i think that's important that we recognize cyber as a domain alongside the other domain. don't think it's useful to start specifying specific thresholds. i think the danger is, if we did that, we would start to see several attacks just below the threshold that we have identified. i would rather our adversaries whatleft uncertain as to the qualifying level of pain is, if you like, before article five would be triggered. -- on mosul, pushing out of iraq and the meeting -- and the remaining cities in the river valley, we want to be sure we don't have to go back in there and do this coalition all over again. 71 countries, and investment over three years, a huge in

. >> what about general dynamics in northrup?> those guys have ripped as well i wonder at this point, can you get more ship orders i feel the shipyards are building as fast as they can are you going to get more plane orders it's hard to see better news coming here. it's just hard to buy them here. >> rob said earlier that he likes energy here as a value play exxon and chevron are on the docket this week too >> i don't know if that's your energy play. again, i think what's going on here -- >> if rob's right, don't those stocks work? not saying he's going to be right, who knows >> both of those stocks you have to understand what is going to be the earnings report i think what's going on right here, the dynamic is whether it's energy retail materials you're seeing a bounce in names that have underperformed i think that's the trade >> all right let's do some final trades. >> to that point, contra is a name i'm adding to >> accami. i think this will be a good bounceback quarter >> citi group. i think it goes higher from here >> yeah.

so who has that international exposure one of the reasons that northrup grummond continues to move higher bomber that now will be recreated to be the b-21, which i'm sure you know about. so it hits on both the domestic and international markets and it's able to increase its revenue and margins. it's a fantastic name. >> all right the dow moving into positive territory. oil prices, though, not to so m. they're falling. it ends the longest winning streak in over five years. the trades when the "halftime report" comes back ♪ [brother] any last words? [boy] karma, danny... ...karma! [vo] progress is seizing the moment. your summer moment awaits you, now that the summer of audi sales event is here. audi will cover your first month's lease payment on select models during the summer of audi sales event. you myour joints...thing for your heart... or your digestion... so why wouldn't you take something for the most important part of you... your brain. with an ingredient originally found in jellyfish, prevagen is now the number one selling brain health supplement in drug stores nationwide. prevagen