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Scientists report they have begun phase II clinical trials of a lupus pill in humans after success in mice.

>> neil: all right. you never know. we were down 145 points at one point today. a not so efficient start to the new month. we turned that to a 13-point loss. the founder of xlr 8, bob nardelli joining us right now. good to see you. >> good to see you, neil. >> neil: when jack welch was here, he said there's an 80% chance of getting the tax relief through. the markets will love it. i differed with that saying if it's just corporate taxes, i don't know if the markets will like that. what do you think about that? >> i spent a lot of times with jack. i share a different point of view. it's critica...

The super national projects are still growing. >> neil: your thoughts on the market reaction. they interpret the union being intact is better than the union not. that -- to your point that could change. but what do you make of that collective market read? >> well, i'm afraid that too many of the opinions is markets listen to comes from the big banks that are hand and glove with the politicians and they like life as it is. when the european union breaks out, there may be some short term turmoil but ultimately people want to live in nation states, they want to vote for people that set their taxe...