GO
Loading...

What's On: Biotech, Big Pharma and Co's With Economic Immunity

Here's what's up on Monday's Squawk on the Street:

We're covering the American Society of Clinical Oncology's annual meeting. This one is a big stock mover for biotech and big pharma. Merck, Sanofi-Aventis and GlaxoSmithKline all with market caps of over $100 billion will be in attendance. We'll watch those stocks and we have the CEOs of both Ariad Pharmaceuticals and Exelixis.

--The Street Poll asks if you think we’ll see a cure for cancer in the next generation? Share your opinion.

--The unemployment rate was a big loser in the month of May, far below expectations. Companies are already playing the blame game as we inch towards the next earnings season. Newell Rubbermaid slashing outlook citing “softness in the economy.” The stock dropped more than eleven percent on the news. Will other consumer products follow suit? Analysts say Target, Staples and Wal-Mart could be next.

--Poor economic data? No problem. Apple and Netflix show no signs of slowing down. Which other companies are immune to bad economic news? We're naming names.

--Snooki opposes it. And Sen. John McCain (R, Arizona) agrees with her. There is currently a 10 percent federal tax on tanning beds which was part of President Obama’s Health Reform Law. Do we need it? We are taking it to the ring, and you know when Snooki gets involved, it’s going to be a Situation.

_________________________

Squawk on the Street comes to you live from the New York Stock Exchange each weekday morning at 9 a.m. ET.

Symbol
Price
 
Change
%Change
ARIA
---
EXEL
---
GSK
---
MRK
---
NFLX
---
NWL
---
SNI
---
SPLS
---
TGT
---
WMT
---
AAPL
---

Featured

Contact

  • Carl Quintanilla is an Emmy-winning reporter and co-anchor of CNBC's "Squawk on the Street," broadcast live from the NYSE.

  • Simon Hobbs co-anchors the 10 a.m. hour of CNBC's "Squawk on the Street" live from the New York Stock Exchange.

  • Jim Cramer is host of CNBC's "Mad Money" and co-anchor of the 9 a.m. ET hour of CNBC's "Squawk on the Street."

  • “Squawk on the Street” Co-Anchor

  • Rick Santelli joined CNBC Business News as an on-air editor in 1999, reporting live from the floor of the Chicago Board of Trade.