And what could that mean for the future of the trump rally . Rick, makes me think somethings got to break, somethings got to give. Bonds or stocks first . I think it will be mario draghi and the central bank of japan. I think one of the biggest reasons Interest Rates globally are going down is because traders always follow the biggest trader in the room. They always do. Down here in the 80s, we had tom baldwin. When hed jump up and down and bid for a thousand bonds at a time, it was big. What do you think every small local next to him did . Bit on a one lot or a two or three lot. So i think in that regard, theres a trillion dollars year to date being invested by central banks. Ever heard of soma . Wh we have auction, might be 28 billion sevens. Then the fed is probably buying another four we dont talk about. The other channel of course is growth isnt as fast as people would like it to be b. The final area is that overall, right now, the equity markets do have my opinion, a longer Term Investor view at a a time where money doesnt seem to do much at other sectors, thats contributes as well. Steve, bill george on the network said the economy piqued in january or february. Job growth is slowing. Maybe the economy isnt as good as people think and bond yields in part are emphasizing that. The one thing i think about bond yields is the only thing thats worked for me is they reflect the outlook for inflation. I cant do much more with that. I think its putting too much weight on the poor bond yield to tell me all this stuff about the future or like how much rick is going age for example over the next five or ten years. My thinking is it that shows inflation. The numbers have been weak. You dont necessarily have to have less growth with less inflation, sometimes, those two go together. Bonds are telling me this reflation trade is something to be worried about, which ever part that is, thats the part i would worry achblt even the economy, ive been saying for a long time, have i been early, not wrong, on this issue of get ready if for a step down in jobs. No reason why it should be creating all these jobs a month. Thats where we are. People have been subjects that the economy is Strong Enough to support this rally. You dont necessarily need the trump agenda, so quickly to fall into place. Tax cuts and otherwise. Maybe we do. James gormen made that point. The ceo of morgan stanley, that the economy is plenty strong. He said were fine. He said robust economy over in europe and so forth. And i think hes right. I think rick is suggesting weve got a robust economy. Hes got a lot that are dealing with money just like stephany does and i think these folks are saying things are feeling good. Is it optimal, fantastic, perhaps not, but low inflation is good for stocks. Thats why stocks are going up and bonds are going down because Inflation Expectations are so low. Can the market take a next leg up . Weve been debating as to whether the rally itself was about to restart. You look at what the major averages are doing. Got new highs yet again today. Eve nn the face of a disappointing jobs number, dow is up 69 points. S p is going up. Where does it go from here and how . When you look across the globe, youre seeing more growth now than weve seen in five or six years. So i think whether its jims business or whether its Global Markets are reflecting the fact th that, the u. S. Continuing to chug along with a Good Environment. The market is is telling you with rates under control, keeping rates under control, thats a Good Environment and i think we can move hire. Particularly if we get policy developments. We had Lee Cooperman on the show this week who talked about the next leg of the rally and what could spur it higher. Heres what we had to say about the president s agenda, particularly tax cuts. Theres a big swing in earning. No repatriation of 2 trillion of earnings. A Corporate Tax rate thats somewhere between the high teens and low 20s. Thats ten bucks. S p not earning 132, but earns 142. Implication is clear. Market cannot take a significant leg higher without tax cuts and then earnings going up as a result. But earnings are going up. We just had 15 earnings xwrout in first quarter. Thats why the s p is at 2435. I would say that thats why the market is going higher because earnings are Getting Better and theyre going to continue to get better because we have this favor bable backdrop. Low Interest Rates, very little inflation. Very strong Balance Sheets. Corporate companies. This is before any kind of tax change. Can you imagine when we get favor bable tax change . What this will do to earnings . I dont think were pricing in anything from the trump policies at this point. And i think were doing just fine. As a result. So, i think the its a very favor babable environment. Stef is right. So the joe. Sometimes the bond market isnt really telling us anything, number one. Two, its okay for stock prices to go up with yields falling and bond prices going up. Thats basically been whats happening for 37 years. With a few intermissions. But thats been the bigger trend and i think that speaks more to supply demand for fixed income product at this point, especially in the Wealth Management industry. The junk bond market is shrinking. They cant make enough. Hertz might be the worst run company in the world right now, yet they can issue billion and a half dollars worth of bonds. Sure, no problem. Well take more when youre ready. I dont think you should say, this is signalling a problem with the economy. Theres a good debate. Its an old debate. Weve been having. James coreman says the economy is robust. I want to back up scott. What are the right expectations, okay . To me, 2 seems about the right outlook for growth. And the other thing that happens is when people start modeling in these changes that are coming, they may have an outside effect on profits an earnings. They dont when it comes to growth. The best numbers, 02, 03, 05 if you stretch it and score to the heavens, you can get 05 out of it. You dont get a lot of growth expectations out of the im just saying, just getting realistic about growth. Profiting can do what stephanie says. You have this international kicker. And its synchronized, right . And youve got easy Monetary Policy globally. Thats going to stay very easy, no matter what they do. Even if they pull a brakes back a little bit, we have we still have a policy here in the united states. The data means the fed isnt going to be as aggressive. We need a tax cut specifically. To come and take that next leg higher. And in the stock market. Far fewer agencies. Far fewer regulations with hammers and government officials holding them. Think about it this way. I dont think the traders chicago in their hey day thought those little bad decisions and negotiations with unions over two decades, none seem very good. How could you take down motor city . They did. Steve, think about that in reverse. You can make fun of these 50,000 jobs, but like interest, like somebody who puts 20 a month in bank when theyre 20, when theyre 65, its about 400 grand. Growth will compound. Its not about a specific policy. Its about good economics and pad economics. You can say a lot about this president , but i think the people hes associated himself no boater versus worse. Why are we weakening . Rick . Define weakening. Whats weakening . Pace of acceleration of job gains is slowing because were at 4. 3 unemployment, but imt to make a point about stocks. The biggest argument you could say against stocks now is that leadership is not brood enough. Its a lie. To stefs point sh x theres something global happening. Last month, the first time, we saw u. S. Ek quity etfs lose a u. 2 billion came out. 20 billi 20 billion went into international stock, assets under management for etfs because people are recognizing theres another game in town outside of just the s p 500. Now, when you look at the s p 500, you have 160 names that are within 2 of all time record highs. You have 230 names within 5 . You have 100 s p stocks that are up more than 20 . So, it might seem narrow, because medicine caps are the leadership group, but theres a lot more happening than just the faang stocks or top five. People need to understand that. The russell 2000 today is outperforming the s p 500 by a full percentage point. We dont need to have the discussion of whether the markets in total are going higher. Sectors are going to go higher and others are going to go lower and right now. Small caps have been lagging. Today is the proof that all of a sudden, small caps are back . No, but you know what, it may well be. I cant pound also consider talking about youve cited oit on the show yesterday and value versus growth. Its the start of something. Value has outperformed growth. No nono, the alternative scenario, or not the economy is weakening from this jobs report. A lot of the economists are saying this jobs report is weak because they believe the employers cannot find the workers. Im try iing to figure out where the market is going to go. Faber on our air the other day said theres a bubble in everything. Lee cooperman. Doesnt matter. Lee cooperman said youre not going to get another major leg higher unless you get that boost to earnings through Corporate Tax reform and some other things. Those are wage growth, household formation, there are tons of other kickers beyond tax cuts. Im up 20 . Im just praying to god to keep what i got. I dont know, you know, necessarily need another leg higher here, if if we keep going up on this, im very fine with it. Its the reason why i disagree with rick and the president on this. I dont need 3 growth. You give me 2 growth for 20 years, i will take that and bank that forever, rick. You want to go to 3 , get back on the roller coaster ride. There is a freeze. See you perfect, steve. Theres a place you should say sweet home sweet home. Its called europe. Thats what europes thought for searchries. They dont have 2 growth, rick. Weve had it run ining about te years now. Its not enough and anybody whos satisfy ied with that, th animal spirits need to come back. Sfwl i got 4. 3 unemployment. Low inflation. 3 unemployment. How many rides is that going buy you at the carnival when you still have 95 million people, you keep going, oh, i dont see them. Theyre not really in the room. Especially the fried bread. Rick will be screaming about inflation if we see 3 growth. 2 growth, the Public Policy issues that weve seen some challenges. Whether its wage growth, quality, challenging. Its a great environment for investors, no question. Its like goldilocks scenario. Growth okay. Youve taken the left towel risk off because the downside. To ricks perspective, this 3 growth helps out a lot. Quality jobs and wage frout. Is there a need for fresh money . Data points are better. Growing at a robust rate. We think rates are going to stay under control, although theyll still move higher because i think the fed is determined to move rates higher. Thats another issue all together. Right, so we talk about policy. Tax policy may not drive economic growth, but you have regulatory policy and you have potential Infrastructure Investment now. I think the odds of some of these things happening have gotten much lower today than they were four, five months ago. Is anybody worried about the fed making a policy mistake . Im amazed. Talk to kaplin . And powell this week. Both of whom are cut the, and were going to reduce the Balance Sheet and im watching the market not react to this. Im watching the give him time, too. Ill just say what i think i know. What are the risks . Theres always a risk out there. Ipg what the fed is trying to do is claw back a bit of normalcy while it can. I think the current environment, remember, its important to say the Federal Reserves long run Unemployment Rate is Something Like 4. 7 from the march meeting. Were now at 43. Were under that. Fed believes were running below the natural rate of unemployment and the fed also thinks that ultima ultimately, youre only going to do 2 growth, so were at where why do you think the dow is up 69 points today after a disapointing jobs number . Lower inflation. Any part of that a sign they think the fed is full of it . I have the pleasure of sitting here with five people who are brilliant on the stock market. I do my best on the economy. Ill leave the stock market. And i just, i was just going to say that ive been at conferences all week. And companies sound really good. They really do. Across the board. Financials dont sound great. Theyve been at conferences all week. Ive met with Brian Moynihan and was at the conference where he lowered guidance slightly. Trading is volatile in interest. The rest of his book, book, what theyre doing is very good. Productivity, cost controls, et set area. Its not effort at the banks. Across the board, from caterpillar to estee lauder to some of the banks, they said good things at this conference, so i think they feel good and again, we dont even have any real trump policies in place and yet, they fell pretty good. You have one policy in place. The end of war on business. From kudlow, the end of the war on business is why this market is not going down. Stop. No, im not going to stop. Was there a business when the s p look at this. How do you know it wouldnt have . I want to about boeing and the National Relations board. If they hadnt had to fight the board in south carolina. Maybe, maybe. Most likely. Maybe, but most likely, boeing would have done a heck of a lot better. Actually focusing on their customers instead of regulators. Youre not serious, right . You dont think theres a different tone towards business since the election of donald trump than there was over the last eight years . A difsht tone coming from business leaders, from the white house towards business. No question, but what does that mean . Are you saying, i think the board adjustment tax is terrible. Are you saying whats happen ng the white house is one that ignores in the stability . It looks to me like its chaos. When it looks like the economic policy, we are at or near all time levels that weve seen. You are talking about policies that can help gd perp when it h to reducing taxes and regulation. Also talking about really questionable policies when it comes to reducing free trade and reducing imfwrags. You have comments in the beige wobook this week say ng the San Francisco region and west coast are going uncollected because of a lack of immigrant workers. This is real mixed bag right here and if you say that all is positive, i say some of those things are positive. Some are negative and a little bit of stability coming out of the white house could be a killer. The stocks and xaeps doing well now u are the ones doing well any way. You cant point to one sector Industry Group of company that is thriving as a result of anything that the white house has said or done. Its not a fact right now. Did you call this before the election was over . I know jon did. Very publicly. Dont want to talk over each other. Were not going to do that. Come back here, six months from now. Get 20 months from josh and jim on the table here. No, no, no. I hope im wrong. If Business Investment is higher. That would be great. Youre starting to get green chutes on cap ex. They can say anything they want. Im really, really happy. What about Business Confidence . Were at the highest levels weve seen in years. As far as their businesses. Theyre the people pulling the levers on a billion dollar companies. Thats who owns businesses. Thats what that is. Nothing to do with saying. Invests in the market. Rick, thank you for being here. Steve, thanks to you as well. Im going to gi you the last word, the floor is yours. If you want it. Thats a scary thought. I think again, were longTerm Investors, we see opportunities in the markets today. Do you think theres a bubble in bonds . Yes because you had a will the of artificial buying. I think that will slowly seep out if you will. And that money will go into stocks . We think so. Good having you here. Thanks for being a part of that mash up i guess. Next time, two big movers moving in opposite directions. Lululemon and restoration hardware. Plus, the cancer fighting stocks to buy before this weekends world famous conference. Before the break, the jobs report. Coming in under expectations. Thats happened 45 times since 2010. And partners at ken show show what happens a month later, the markets gained steam. The nasdaq is up 1 and a third percent after a jobs report miss. The dow up 1. 3 . 1. 24 for the s p. For more go to cnbc. Com pro. The Halftime Report with scott wapner is back in two minutes. Hey. Pass please. Im here to fix the elevator. Nothings wrong with the elevator. Right. But you want to fix it. Right. So who sent you . New guy. What new guy . Watson. My analysis of sensor and Maintenance Data indicates elevator 3 will malfunction in 2 days. There you go. You still need a pass. There you go. Oh hey john, im connecting our brains so we can share our amazing trading knowledge. Thats a great idea, but why dont you just go to thinkorswims chat rooms where you can share strategies, ideas, even actual trades with market professionals and thousands of other traders . I know. Your brain told my brain before you told my face. Mmm, blueberry . Tap into the knowledge of other traders on thinkorswim. Only at td ameritrade. All four of the faang stocks have left the s p 500 in the dust this year. But fund strat run by tom lee, says theres still more gains ahead in the second half of 2017. The firm is sticking with the group, also seeing potential outperformance in the three worst sectors of the year. Energy, tell con and financials. This is this faang call that could add 40 in the second half. Ive said it before, i think fang is the wrong acronym. I think it is wrong to put apple or google in the same category as netflix and amazon in a valuation point of view. Here, everybody have who cares about the evaluation point of view. Im talking about the leadership stocks. If youre a long run investor, you care about that. We are talking about the large cap tech stocks that have led the rally. Youre missing the point. Im not. Weve got to look forward. I dont think that the returns from apple are going to be less. I dont think excuse me, the returns from amazon and netflix are going to hold up. I think the runs from apple are and the reason is because of valuati valuation. Sf im a longTerm Investor, too. Theres a point in time when you have to recognize category killer, disrupters and all of the fang are. I think thats important. The other thing thats important is that all of these stocks are in a benchmark. The s p 500. If you dont own these and they keep going up, that means youre short. Right . If youre a long portfolio. For the first five months of this year, youre correct. Five months. The last several years. These stocks have done phenomenally well. Theres a Portfolio Manager angle to start with, then fundamentals and these are extremely strong. I dont own netflix, but i own the others. I would also throw in microsoft as well. Im trimming microsoft, but i would say that you have to appreciate from the longterm per spspective, these are categ killers. One thing i look b at do you agree with the call . Partially. I agree with amazon. With amazon and apple as part of the call. The google, even though i love it, 82 owned by institutions, you look at netflix, 84 owned by institutions. Who else is out there to come into these . Can they hold their valuations . I guess, but where does the extra boost come in. Apple and amazon, 64 , so i could still see money coming into those. Crowded as they are. With these four stocks being as strong as theyve been, judge,ic still see money comeing in ther. Theres still room for institutions to come in there, theres not a lot out there to come into those other two names, netflix and google. I think what tom lee is is saying is that theres no reason to be getting out of these stocks just because theyve run up 25 plus, which i think is reasonable. Because as theyve run up, so, too, have earnings estimates, earnings. Theyve done everything right strategically. So i understand that. But then hes saying okay, you want to balance that out. You want some of these stocks trading 14, 15 times earnings in some of the out of Favor Industries that were dividend plays or whatever. Its not controversial. You have a biggest leading sector, the biggest lagging sector and oftentimes, what works in the second half of the year are the things that discounts were created, so i dont think thats a controversial call. I think its interesting hes leaving out health care, which has been a big laggard and is is now turning into a leader. Xlv making a record high. Bio tech being high. Thats the laggard im more interested in than trying to pick one of the four publicly traded ones. The most controversial, i feel like you think that value is coming back. And im wondering why he would think that. Ask the hairdresser if you need a haircut. No, first off, you are maybe over a short period of time, but you are starting to see value this week outperform growth. Is it a trend . Well know next week and in the weeks beyond. Because eventually, it is. Been saying that for like ten years. E iing in 2000. When you think these things are going to grow to the moon, they dont. These stocks, the amazon, the netflix of the world, theyre not going up because anything having to do with valuation. Theyre fabulous companies. I agree with you. Theyre fabulous disrupting companies. Their stock price has everything to do with growth. I agree. But if i look at the company like apple that has excellent Growth Potential from where it is now and literally trades at 1 8 the valuation of amazon, thats a no brainer for me. All right. For more on tom lees fang call, catch him today on fast money at 5 00 p. M. Lets hit our trader blitz now. Lululemon is soaring after earnings was raised. Jimmy . The important thing here is that the earnings miss from their last quarter seems to be b a one and done. They said so at the time but the market held them in the penalty box, now, with this good quarter and guidance going forward, theyre out of the penalty box. They have a premium multiple. Was this a good quarter . It was good. Took the numbers down and beat their own lower numbers. It was good. More effectively to mend now, too. It was highly shorted. Close of the year. Expectations couldnt have been more washed out. It was an all right quarter. And takes. We sold it today. All the old positions. Ceo tells a good story. Id rather on nike. Its cheap er. You say somethings cheaper, not on this show. Cheap, doesnt matter. I can say i was cheaper. You can, only if it was in context. Zpl. Broad come is up today. I own it and im thrilleded. The biggest news out of the call was that theyre not going to go to toshiba assets. It has trade iing at a discount its peer, but after this quarter, numbers are going much higher. 40 growth in content at the new iphone thats coming. Still like this story, but i think you could buy it. Restorations guidance was not good because thats what the stock is doing today. And it slammed right into this gap that was back from just basically a quarter ago. 38 to 44. We put out a note this morning saying man, if we get a chance, sell those 40 puts. Did that and bought stock in here. Its rebounding a little, so not saying this is going to be a dead cat bounce, but i love it at that 38 level where i bought it. Wayfair, josh. Upgraded. I dont know about the oppenheimer call. This has been really, really tough name. You now have 24, 25 , stuff like this, it gets upgraded, react, just makes it harder and hard rer to come out of a short position. I dont know how this one warms up. Looking pretty rough. Looking good for both. Worlds biggest Cancer Research conference kicking off today in chicago. See which stocks will move next on hatch time. Think again. This is the new new york. We are building new airports all across the state. New roads and bridges. New mass transit. New business friendly environment. New lower taxes. And new University Partnerships to grow the businesses of tomorrow today. Learn more at esd. Ny. Gov theres nothing traditional about my Small Business. So when it comes to technology, i need someone that understands my unique needs. My dell Small Business advisor has gotten to know our business so well, that it feels like hes a part of our team. With one phone call, he sets me up with tailored products and services. And when my advisor is focused on my tech, i can focus on my Small Business. Welcome back. Heres whats happening at the hour. World leaders and governments criticize and regretted president trumps decision o pull out of the paris climate accord, but australias Prime Minister said he wasnt surprised. His announcement today from our point of view is is disappointing, but not at all surprising. It was entirely as expected and as predicted and as promised by him. Harley davidson is recalling about 46,000 motorcycles in the u. S. Because an oil line can come loose. Spilling oil into the path of the rear tire. The recall covers 2017 dplid, road king, street glide and road glide models built from july 2016 through the beginning of may of this year. And if you didnt know, today is National Donut day and participating krispy kreme locations will give you a free donut until they run out. Dunkin donut stores will off a free donut with the puchls of a bevera beverage. You are up to date. Brian . Looks delicious. Hopefully a tasty power lunch coming up as well. Speaking of that climate accord, sean spicer is expected to speak live around 1 30 eastern. When they do, well bring that to you live. Plus, the jobs number coming in weaker than expected, but do we have a labor shortage and do we need new thinking to fig eyre out how to get jobs growing again . Well discuss and diamond sales at record highs. The ceo debeers will join us. Right after this short break. New bikes arent selling guys. What are we gonna do . How about we pump more into promotions . Nah. What else . What if we hire more sales reps . Nah. What else . What if we digitize the whole supply chain . So people can customize their bike before they buy it. That worked better than expected. Ill dial it back. Yeah, dial it back. Just a little. Live business, powered by sap. When you run live, you run simple. I she is real. [ sinister laugh ] you have no idea what you have unleashed. Shes the ultimate evil. [ dramatic music ] the mummy. Rated pg13. Were back on the Halftime Report. The options market. First one is going to make you smile. It is nike. Next week, the 53 calls and the 5350 calls look at this surge in volume on normals like 500 contract or so. All of a sudden, they trade 6,000 like that. They did a call stupid. Bought both. 53s and 53 50s. Take a look at another one. Are you in it . I am. Cvs. This is a longer term trade. January calls in this name take a look. The january 90 calls. Not that huge a leap from where it is, but none the less, with a 78. 89 dollar stock, thats pretty good upside that somebody e e expec expects. They traded them around the 80 to 90 cent level and the volume was quite large. Especially for a company that usually doesnt see as much options. Doc, thank you. Come back this way. Stef, you want to talk more about nike . You mentioned it as preferring it over lulu. It hasnt done well this year. It started off when i bought it, i bought it for being the dogs of the dow and it had a nice rally, they reported then the stock gave it all back. I still like the store. I still like the products. I still think theyre innovative. They have a and rnd budget thats unparallel to any other company out there. So valuation makes sense more than lulu, so im still in it. Cvs is one of the worst performing very large stocks. People think the amazon thipg is real. I think they think the amazon thing is real. I want to jump to Steve Liesman who has headline frs the fed. Thanks very much. Patrick parker becoming the first fed official to comment on the jobs report saying the 138,000 number from payrolls is quote a good number. Job creation he says is still strong. And he sees about 100,000 jobs per month being about the steadiest in the economy. Through 2019. Sees very little slack in the labor market. Says theyre bidding up wages for skilled workers. Starting to see upward pressure on wages and inflation, despite the weak reports, he says the is still on track. The feds 2 ghoul goel should reach it by the end of the year, he says. Expecting 2. 3 . Two o more rate hikes, along with he re deucing the Balance Sheet this year. Slow and steady and boring on autopilot, then nice discussion we had earlier, he says the economy is quote, essentially add normal now. You guys can have fun talking about that. Hes a voter. New member of the Federal Reserve who a is voter this year. When you were layinging out the case before you got to two hike, thats what i was thinking, he was making the case, hes a two hiker. Despite the weaker jobs numbers. Exactly. Thanks. The cancer fighting stocks ahead of a key conference. Thats coming up next on halftime. The power of innovative thinking. The power of 100 of the worlds top companies. The power of an etf. The power of qqq. The thinking we put in, clients get out. Power your clients portfolio at powershares. Com qqq. Before investing, consider the Funds Investment objectives,. Call 8009830903 for the prospectus containing this informatio read it carefully. Distributed by invesco distributors inc. The worlds biggest Cancer Research conference kicking off today in chicago. Meg is joining us with a look at what we can expect. Many stocks move on this suh p per ball of events you go through every year. Yeah, it can be a really volatile week following this weekend. Its called the American Society of clinical onkole ji. I am leaving in mere minutes from now. Heading to the newest progress this is leading to the idd is the s p reporting heading into asco. 2010 on average. Its down the s p 1 decline is a little meet ong idb. What im told from the data folks is that its actually pretty volatile following asco. Thats an average of volatility over the years coming out. Who could we look at main movers . Biggest company in the area isology kolg, this harnessing of the immune system. Bristol myers, merck, and others looking for data in the hot space. This is another form of oncology, including juneau, kite, and the big player there. Also other stocks that could move monday. Were looking at insight which is testing a combination of drugs in oncology. Puma which of course has had a tremendous big, like 100 . Absolutely. And locks of oncology. Well is have that ceo on monday along with a lot of other folks throughout the course of the day from there. The leaders in fighting cancer. Looking forward to that. We will certainly looking forward to that have a good trip. You want to trade this before meg heads to the airport . Tgx. This is a stock where theres some, not huge, but some upside call speculation. Going into this thing, the stock was trading 12 00 this morning, they were buying the 18 calls. Now its trading 1345, so its already made a little bit of a pop. And it is in the space that megs going to be covering. I dont think seven years worth of trade dag that for an etf is significant. I would just look at current trend. Right now ibb is coming out potentially a consolidation period going back to january 2016, its at the higher end of that range. 300 to 310, looks like resistance. Thats where its faded several times since then. If you can get through that level, typically what youll see at that point are new buyers coming in to have more confidence that the uptrend is real. So that would be the area i would be looking at. I dont own any of the stocks impacted, but unfortunately its down about 19 . Theyve had internal issues, but they have a new Management Team and and when he was there which was baxter, and when he was there for two months, he then sold out the company to shire. So hes willing to do deals. This is a cheap stock. And so, hopefully works out. Steal at this prices, i love pfizer, but the others better. Why . Because look at what they did with small lung lung cancer, they envel lopped there, and there are incredible cures for that cancer. I think theyre going to do the exact same thing with killers that are still out there like pancreatic cancer. Meg, i hope youll tell us about some of the i hate to say, the still killers in cancer out there that are getting new treatments. Absolutely. And pancreatic needs a lot of work. Thanks again. Thanks. Three hours until the close. Well take a quick break. Final trades. Theres stocks right now. Dows up 70 points, 21,214, onethird of 1 . Halftime back after this. I joined the army in july of 98. Our 18 year old was in an accident. When i call usaa it was that voice asking me, is your daughter ok . Thats where i felt relief. Were the rivera family, and we will be with usaa for life. Wow record time. At cognizant, were helping todays leading Life Sciences companies go beyond developing prescriptions to offering subscriptions with personalized, realtime advice for lifelong, healthy living. Honey . You almost done . Nope. Get ready, because were helping leading Companies Lead with digital. At crowne plaza we know Business Travel isnt just business. Theres this. a bit of this. Why not . Your hotel should make it easy to do all the things you do. Which is what we do. Crowne plaza. Were all business, mostly. Thithis is the new new york. E . Think again. We are building new airports all across the state. New roads and bridges. New mass transit. New business friendly environment. New lower taxes. And new University Partnerships to grow the businesses of tomorrow today. Learn more at esd. Ny. Gov so we know how to cover almost alanything. Ything, even a coupe soup. [woman] so beautiful. [man] beautiful just like you. [woman] oh, why thank you. [burke] and we covered it, november sixth, twothousandnine. Talk to farmers. We know a thing or two because weve seen a thing or two. We are farmers. Bumpadum, bumbumbumbum so you miss the big city . I dont miss much. Definitely not the traffic. Excuse me, doctor. The genomic data came in. Thank you. You can do that kind of analysis . Yeah, watson. I can quickly analyze millions of clinical and scientific reports to help you tailor Treatment Options for the patients genomic profile. You can do that . Even way out here . Yes. Even way out here. Were looking forward to that with the markets closing in three hours, final trades now, jimmy, you first. Qualcomm, ill tell you why. The broad come earnings last night with a blowout. Frankly youre not seeing the follow through in competitors like qualcomm and skyworks. I think that that will be felt next week. Youre seeing a friday lull here. Broadcom bodes well for smart phone manufacturers. Federal express. I was adding to it today. Ive been buying it slowly. I think this is a great longterm story because they have got tnt acquisitions. You have sinnynergies as well a Global Economic activities. Valuation cheap too. Josh brown. Bristolmyers. Moving average convergence. Theyre all 54 and change right now. Stock book set to make a big move on long. Think it might be out. Buying the september 70 calls, unusual activity right now. Have a great weekend. You too. Thanks for watching. Starts now. And happy friday everybody, heres whats on your power menu. Clashing over climate change. Ceos and big business slamming president trumps decision to pull out of the global accord. The white house expected to address the controversy in its daily briefing. We will bring that live the moment it happens. It should be rather spicspicy. Unemployment 16 year low, but still nearly six million open jobs in america. Where are all the workers . Were going to highlight some new ideas to create even more jobs. And it is your disaster. Stock cratering more than 25 this hour. We asked, can this company be restored . Im brian sullivan, that pun will matter in a second