ryan: what do you think about roche? kevin: i really like roche.he performance has been week -- 3.5% over the last year. kevin: we think we have attractive valuation. it has been hampered by the swiss franc. novartis is reporting in u.s. dollars. it's got a fantastically strong cancer franchise. we are accepting good news to come up from there. the mention of the conference coming up in september. the company is a biotech company. this company bought genentech in the late to thousands. it consolidated about $100 billion at the time. this is an 2009. -- this is in 2009. the biotech market it -- market has exploded and has gone up significantly over the past year. anna: it's a trade more like a biotech. -- it should trade more like a biotech. growth in latin america should be the key, not the china business. kevin: i like unilever. the problem is the violation. it's all -- it saw 23 times by uh and -- it's all 23 times valuation. anna: kevin -- ryan: thank you for your time. anna: stay with bloomberg. we will be speaking with the unilever ceo. we wil

the emanuel am even church in what reel stop nine black parishioners were apparently killed in the rochelyivate ahead tack. what are people telling you about the flack coming down? >> reporter: well, i was in the crowd today antonio when that flag came down, it was decades in the making, moments that it took for the state troop troopers to take it down, you heard this collects tiff cheer going up. but also at the same time, i was seeing people wrapped in confederate flags but it remained peaceful. i talked to some young men and i said was it too fast for you? somebody said i would like to saver the moment. but in day and aim of social media somebody said i videotaped it i can saver it all i want forever. everybody was filming it and cheering, they brought their kids out today. it was almost like a picnic kind of atmosphere, security was tight. but many people say this there be a moment a day in history that they will treasure. the con federal flag came down swiftly with the jubilant crowd cheering. and small pockets of protest all coming out to witness the end of an era. >> that flag for m

the suspect was identified as roche and booked on attempted murder. >>> whole food employees across the country will get more training after the company was caught overcharging customers in new york city. this was revealed after the company's coceo released a reported apology on wednesday. they said customers were overcharged for sliced truth and juices. it came from workers miss weighing the food. they say if it happens again, the customer gets the food for free. this comes after new york consumer affairs uncovered the overcharging. >>> happening today, the public utility commission will vote to restructure utility rates. they had been paying less, so they were in effect being subsidized by high rated customers. they're trying to bring prices in line. critics say the proposals being voted on today gives power uses a break and negatively effects low income household which could see their bills increase to $10 a month. >>> although the stock exchange is closed, there was a toll on us markets. the dow and s&p fell and ended the week down more than 1%. it's the worst weekly loss we've seen

roche largest education company in talks to sell 50% stake in the economist to other shareholders atis comes days after pearce and sales of the "financial times" to japanese media group nikkei for $1.3 billion. the sale comes at a time in the company has blossomed a contracts in the u.s. kind of expected they would move to get rid of this stake in the economist. maybe not this quickly. moving on to u.s. politics, democratic presidential candidate hillary clinton speaking about her private e-mail server as a third batch of e-mails are set to be released this week. >> i never sent or received any information that was classified at the time it was sent or received. what you are seeing here is a very typical kind of discussion to some extent to disagreement among various parts of the government. dagen: meanwhile, internal government watchdogs issued hundreds classified e-mails could be among them. clinton has formally accepted the invitation to testify in october for the house select committee on benghazi. syrian president bashar al-assad delivering his first public speech in a year givi

roche fort was the original french naval docks. the first hermione was built in roquefort.or of rochefort saw this as an economic regeneration project. the idea developed from there. it got some backers outside of rochefort and a erik orsenna, the famous author became the figurehead. actually, the man was right. 400 million came in to rochefort and put the town back on the map again. it's an interesting example of how heritage can pay. it was very difficult to build because some of these skills are not very obvious. and the decision had always been made that this should be a very authentic replica. so there are some concessions to modernity. there is an engine there is some radar. there is a force by security guards and health and safety. there are some metal bolts in the substructure of the hull but otherwise very, very little compromise. you to find thousands of french oak trees. and they have to be shaped like this so they could form the hull. well, in the old french naval forests, they were trained to grow the right way. they were grown along water courses so they would

those institutions it is a weapon is a shan of government and the same mentality that hillary clinton rocheesis that if anybody poses a threat you intimidate and punishing and destroy them. that is what we have stayed out of her administration that it is the oligarchy with a weapon is government. charles: is one thing to do the clean air act but the irs is already a weapon. talk about dropping them from airplanes on top of people's heads. >> it is already a law-enforcement agency. americans want to do this but there is a reason to have accountability. when all of that is wiped away they do not feel safer that they can trust the government they will implement obamacare to move in to a tyrannical framework to make sure that the conversation continues. charles: it uses it like a weapon and is despicable. local governments, they talk about they cannot afford the pensions. place is like new york city want to take money with a housing project we want to help sick kids we will be right back. usaa makes me feel like i'm a car buying expert in no time at all. there was no stress. it was in and out.

roche is also work rging in the space.ssociation with a is talking about a higher dose of roche's drug. other companies are working on drugs to just aleveleviate symptoms of alzheimer's. allergan is working on a combination drug that works on symptoms alzheimer's. another stock on move is axovant. there was an update on its program which was in phase two. they're combining their experimental drug with one that's on the market. they're having an investor meeting later today. we'll see if they reverse those losses but the company's stock down about 4% right now. back to the biogen data though we talked about a little bit last hour though it is controversial some say, analysts are still optimistic about it on the whole saying it has a 50% probability of success in later stage studies they are planning to start this year. if history is a guide, that's pretty optimistic. since 1998 there have been 120 failures of alzheimer's drugs in development and only four approved. a lot of hope that one of these will be successful. we are

roche confirmed it's outlook after a first half sales. it's striking an optimistic tone on its ability to stay ahead of the competition with new cancer research into alzheimer's drugs. it's taking a toll on abb. they reported an 8% fall in profits in the second quarter due to a slow down in demand and shares as you can see right here up by around 3.3%. meanwhile, take a look at syngenta. it posted sales of $7.6 billion in the first half. roughly in line with expectations. we caught one the ceo of the firm and asked why they wouldn't discuss opening books to u.s. rival. >> we gave a clear example that there's no negotiating table to sit down to. it failed at every level in order for us to go further. so no i don't think negotiation is the step right now because there's nothing to negotiate. >> let's get out to carolyn for more on the syngenta story. >> what we see in the shares this morning is we're down roughly 1% in syngenta. numbers were better than expected. net profit of $1.22 billion. that was better than what analysts anticipated bu

roches. they're the stocks seen driving a lot of the action.be that they have a pipeline, not just a lot of profits. we could see some of the pipeline results play out further down the line. next hour on "power lunch" we'll take a look at some of the best performing small cap stocks out there. guess what industry many of them are in? >> biotech. >> there you go. >>> perfect way so seg to the next segment, guys. our market guests mark you are very bullish on biotechs. i'm sure you just heard that conversation about concerns about bubblish behavior. do you want to push back on that? >> we've been having this conversation for the last two or three years. while that two or three years has happened we've had a myriad of successes from the fda on new drugs. a myriad of m&a activity. i don't see that changing. very interesting fashion the acquire er acquirer, the stock is up 10%. the kind of drugs that are out there are the kind of shots on goal the biotechs are getting is that much better. >> you've got four stocks in particular in this sector mark.

veteran china watcher steven roche on "squawk box" today speaking about a china bubble. >> the mark took off like a rocket ship and made up for lost ground in about nine months. it went up 150% over that period which is be a enormous speculative frenzy and now the bubble is bursting. who knows where it's going in terms of the downside and possibly catch a falling knife, but they have unleashed a lot of measures to shore up the downside. >> so what happens in china usually spills over to the rest of the usa. which companies have the most exposure to that region? take a look at the top four. qualcomm gets 84% of its total sales from asia. texas instruments about 60% of its sales in asia. that's followed by 55% for intel and micron technology. and to dominic chu and market flash. >> copper and steel stocks are being sent lower here in the united states, some of the worst performers in the s&p index today. names like freeport-mcmoran and steel dynamics and southern copper all down by about 2% or more so the materials trade playing out on the heels of all the concern, tyler and mandy, out of

so jake roche asked his long time girlfriend jesse nelson if she would marry him. delightful. >> he's a lot of fun. he've had the opportunity to interview him. same guy, doesn't matter. the success hasn't changed him as well. >> and justin timberlake, what did he do? a fun thing up in lake tahoe? >> i live for stuff like this. justice timberlake and alfonso ribeiro were playing at a celebrity golf game and alfonso's game wasn't going so well so he started doing the carl ton and justin timberlake, the only guy that could do the carlton. some he turned his game around. he said all in all he had a great day. leave it to new daddy justin timberlake to know how to make something fun. >> box office? >> big weekened for "ant-man." their biggest opening of all time. >> and the smallest superstar. >> the littlest one, exactly. >> how did my daughters "gallows "gallows" do? >> a lot of my friends went to see it. have you seen it yet? >> every time. and we should point out "train wreck" by amy schumer did well. >> a wonderful opening for her. >> con gratzs to her. stay well.