let's start with regeneron you say it's one of your favorite charts, hitting a fresh all-time high andeah. and it fits into the yield curve story as well. death cross of economic indicators where you back tested actually, markets continue to do well, what we found is that this isn't the time where leadership changes. you want to stick with what's working. that high momentum has outpaced low momentum going back to 1978. typically when the yield curve is inverted. where is the momentum, the leadership it's the large cap biotech, the s&p 500 biotech industry above its 200 -day average on a relative basis versus the s&p for the first time since july of 2020 i think it's all the more exceptional when you consider what's going on on the small cap side of the industry regeneron is one of our favorite charts in the industry why? it's breaking through multi-year resistance going back to 2015. i think you stick with that strength the breakout point at 65 is now support. and some of our conservative up side projections point to closer to $800. >> wow a seven-year breakout is pretty notable to beg

i have to -- pfizer tells a low multiple j&j is breaking up and that's terrific regeneron is up.s on, like, the seven-tiers. and i'm thinking we are wrong. and refocussing on this amazing recovery in pharma. >> if you are of the view that rates are topping, i think which you're saying. wouldn't the names be vulnerable as a result? >> though redically, yes there's enough people who genuinely believe over the next two quarters, these are the guys that won't have to cut numbers by the way, can i say these companies are so good. their expenses are somewhat expensive but not pfizer i look at -- when you look at the moderna, remember moderna it was twice -- they got crushed. >> yeah. moderna almost had a market cap equal to merck. >> why is america up it's a pharmaceutical. not a single word out. >> yeah. >> it's what you're talking about. it's movements in the market as a result of the move up in rates. the banks every time we see -- [ applause ] it was so similar. and being acquired for $6.2 billion and sale point is being acquired for $6.9 billion they're in similar industries. >> y

nasdaq winners, vertex, dollar tree, regeneron.he big board, seven minutes worth of business and down 64 points, not bad for the ten year treasury, this is interesting almost at 2.76% that is why big tech is down so much, 1968 per ounce of gold bitcoin 41 now it's down to 47. >> i like the reaction. >> the price of crude oil $94 a barrel not gas, 657 pro-british normal. the price of gas $4.11 even oil is coming down. california the same gallon of regular averages $5.76. president biden and is defending her nephew in a new interview claiming trump. rotate. >> trump in his right wing followers have continued to do whatever they can to discredit this family and bring them down. >> charlie hurt has a thing or two to say at that at the top of the next hour at 10:00 o'clock. i showed you these, the golf clubs used by tiger to win four majors, the going price when we did that last friday $900,000. it got a whole lot higher than that and finished over the weekend. a huge amount of money. a new poll finds to and three rate in the economy ba

vertex -- lauren: regeneron. stuart: fox corporation, i know them. companies though. let's regress here with, well, five minutes into the session. we're up a mere 4 points on the dow industrials. the 10 year treasury yield was at 270 earlier and that's where it is now. that's a negative for big tech. the price of gold, 1,941, bitcoin 42, 900 right now, nat gas, well-above, okay crude oil, $96 per barrel, do we have nat gas, yes we do, well-above $6 per million british thermal unit s, you heat your home with that stuff and it's getting more expensive. the price of gasoline, regular, averages 4.13 nationwide but in california, you will pay 5.78. comedian john stuart says the american dream is unattainable for black people. roll tape. >> it turns out to be a fallacy there has always been a re distribution of power to the white elite. stuart: rob smith is going to be here to take that on a little later in the show. take a look at this. looks like a migrant army march ing to our southern border. they are coming. what are we going to do about it i'll ask t