Melissa Lee started Tuesday's episode of CNBC's "Fast Money" by stating how the market was "fairly quiet" as the major indices all closed essentially flat for the day. Lee also mentioned that Freddie Mac (FRE Quote) and Fannie Mae (FNM Quote) "continued to rise."
Mike Huckman, pharmaceutical reporter of CNBC, came on the show with some breaking news on Eli Lilly (LLY Quote) and Amylin Pharmaceuticals (AMLN Quote). Huckman said that Eli Lilly and Amylin were currently holding a conference where it was announced that there was four additional deaths among people in a study for the drug Byetta. However, both Eli Lilly and Amylin stated that they do not believe the deaths are directly attributable to Byetta.
Adami said "I think you got to buy it" if Eli Lilly trends down to $45 a share. ...
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,471.50 | 1,106.41 | 2,190.31 | 35.40 |
Oil *
71.66
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UP
65.67
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UP
4.06
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DOWN
0.55
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UP
0.58
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10 Yr
3.54%
SPDR Gold
109.32
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+0.63%
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+0.37%
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-0.03%
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+1.67%
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