welcome to "worldwide exchange." i'm carolin roth. these are your headlines from around the world. japan's economy switched into high gear ahead of the sales tax hike. gdp and first quarters were boxed up as capital spending grows. gold for fifa as the world cup is overshadowed by major scandal as investors call for a full investigation into the 2020 tournament. apple begins life anew today as the iphone maker stock takes effect. apple will start trading out a split adjusted price of just over $92. and tesla's ceo tells me why

he's not bothered by the 25% drop in the company's share price. >> people try to really read the tea leaves, even though there's not enough information to make conclusions. and then they go and get exuberance and depressed. as warren buffett said, the market is like dealing with a manic-depressive. >> you're watching "worldwide exchange." bringing you business news from around the globe. hello, everyone. if you're just tuning in, thank you so much for joining us on the show. we'll give you a quick check of how futures are faring ahead of the market open this monday morning. we are looking at a mixed measure. take fair value, the s&p 500 is actually seen down by 0.80%. the dow and nasdaq seen slightly higher. this is after the s&p and the dow hit another record. for the s&p, it was the sixth record close in seven sessions.

can you believe it? but, at the same time, the volatility or the fear gauge fell below 11 for the first time since 2007. we'll talk about that later in the show. meantime, to european markets we are seeing a slight move to the upside. volumes pretty low today as we see the public holiday across much of europe. the markets are trading but liquidity is fairly thin. the ftse 100 is higher by a quarter percent. the xetra dax is up by .10%, the cac 40 is up by .01% and the ftse mib is up .22%. does the quantity match the quality? despite job growth, the market itself is by no means the same

as it was in 2007. >> when you go beyond the number of jobs and start to think about the quality of jobs that really matters, you realize things are not as good as we would like still. in recent related data on productivity growth, relearning for workers, you wonder if this is as good as it gets. >> the composition of the payroll gains was a little more towards cyclical sectors. one is education and health care, it showed a big increase and that's more cyclical strength than one would hold. when i look at things broadly overall, not just the jobs numbers but also, for example, the manufacturing surveys, it does seem to be the economy is in pretty good shape cyclicly. >> joining me now from new york is the chief global strategist for gold man saks.

we saw a record high for the s&p and the dow. >> i would say just on the jobs report, compared to the 2006 or 2007 jobs report, all the points if your earlier guests were making were relevant. but on point in the cop text of what we have had with the financial crisis over the last year or two, the jobs report was good and also very importantly shows consistency that matches the importance of the confidence you're seeing. so consistency is very important here. that's been one of the key factors allowing the markets in the u.s. to move higher. >> we are not seeing pressure from wage growth. that's still tepid. the fed is not going to be

concerned about up natiinflatio that right? >> i think that's right. a lot of the inflation is probably going to see the margin to the upside, but when you step back, even if we were to get a higher side of completion, we know it is very dovish. in a wide variety of circumstances, i think when you step back, you have to consider that from the feds in the market, that's not going away any time soon. >> let's talk about volatility in the market. on friday we saw the ninth lowest volume day of the year. and volatility still very low. as we look at the base, the seven-year lows, what do you make of that, are you concerned about it? do you think it's a sign of bullishness or are investors too complacent? >> well, i think the volatility of the equity market also has to

be considered with the context of performing new lows. treasury volatilities, i call this systemic volatility being too low. and so the fix has put in extraordinarily low print on friday. there's still volatility within the equity market ecosystem, if you will. in other words, the volatility levels for small cap stocks are still very elegant. for some of the technologies as well, there is still, i would say, some lack of complacency within the equity markets, but i think you also have to consider that the print has to be considered against the low.

and many are even lower. yes, it's concerning. yes, it should be higher, but will it be dramatically higher and reset over the summer? i don't want know. >> we'll have more on that later in the show. meantime, we'll look at today's other top stories. apple begins life anew today as the iphone maker's 7:1 stock takes effect. apple will start to trade on the split adjusted price of $9.22. shares have rallied 22% since the split was announced in april outpacing the s&p 5003.7% gape. but history hasn't been kind in the short-term. apple has split three times before. the most recent 2:1 split back in 2005. the stock fell 0.80% that day and was down three months later,

but itry cov rr recovered a yea. tyson foods won the winning bid for more than $7.7 billion. that's more than 1 billion what pilgrim's pride offered for hilshire's takeover. the maker of birds eye vegetable had 4.3 billion. both offers required hilshire to terminate that deal. we'll look at how hilshire and tyson are trading in frankfurt. they are up 4%. tyson foods are coming under pressure up 1.9%. and the new recalls were announced on friday for gm as they review their lineup in the wake of the ignition switch recall. roughly 89,000 cars and trucks are affected in this latest

action. newer models of the chevy silverado, tahoe and gmc sierra pickups are being recalled because and auto warning with the key in the ignition. the share prices are down slightly. the sunday times published a fresh round of allegations against qatar winning world cup bid. we are told a member transferred money directly to other fifa members to gain influence. four of fifa's main six sponsors for the world cup issued

statements over the corruption allegations, sony, adidas and coca-cola have called on these measures. youcef is covering this story in doha, it is unusual for them to criticize fifa and to comment on the allegations. i guess it is because they are committing so much money to it, isn't it? >> yes, carolin. a clear escalation in what has been a series of crises for qatar as it tries to battle not just the reputational issues and charges of corruption, but you also have the issue of labor rights. and you have the whole question about whether you can host this event here in the summer. now, behind me markets are still trading to the down side as investments are coming under pressure. we heard from the ceo of doha

bank earlier who made it clear the long-term economic fundamentals of this influential tiny gulf state is extensive and solid, but at the end of the day you still needed a deadline and you still need a vision and a purpose. and that's what the world cup and the other sporting events that this country is bidding for would amount to. losing that would hit short-term performance, which will hit short-term investor confidence. that's what and lists have said clearly. that's why we see the downside pressure as well. in due dubai the markets are some of the best performing in the world, but this news about qatar possibly facing a loss of its chance to host the 2020 world cup or at least the investigation or possibly opening the case for a revote is hitting investor confidence to say the very least. on what happens from this point on, we are waiting for michael garcia, the chief ethics investor from fifa to submit his

report on the basis of which it will be decided whether further action is warranted. now that will of course unleash a cascade of legal questions about contractual commitments. remember, a lot of projects have already begun. i've seen a lot coming into the office this morning. there's a lot of question marks about how do you deal with something like that. and, of course, they did make a note of it at the executive commanders meeting on sunday for fifa they would let garcia complete his work before commenting on any of the allegations. >> yousef, thank you for that. and the team where cameroon's football team was going to stay is quiet. the squad that includes samuel ito is reportedly up happy with the bonuses they are offered. barclays is facing a dl$300

million deal according to "the new york times." the claim is related to an investigation conducted by the fraud office into $322 million pounds of advisory fees that amanda stavely gave to barclays during that time. reports say her contract entitles her to receive the same sum. and shares in trouble. the italian lender has failed to open on the first day of the bailout. the shares are suspended after they fell 10% in early trade on monday. they are looking into repealing state aid but it may not be enough to pass the upcoming stress tests while the bank's chairman says he hopes lender will be able to remain

independent. a look at u.s. futures heading into the break. we are looking at a mixed picture. if you take fair value into account, only the nasdaq is slightly higher. we'll be right back after a short break. don't go away.

japan's gdp is revised higher thanks to a pickup from the first quarter from capex. and fifa sponsors split over allegations for qatar's 2020 world cup bid. and apple spliced up their trades this week. the revised annualized number for key growth is 6.7%, almost a full percentage higher than the original. and the median market was 5.6%. this adds to signs that the third largest economy was in good shape to deal with the rise in sales tax. let's check in on how markets in asia are trading. sri is standing by in singapore. sri, a big question as i suppose, how big of a slump are

we going to see in the japanese second quart her? >> that's the big question, carolin. and there will be one, that's what a lot of the economists are saying in the second quarter. there will be a contraction short-lived but we'll see a pickup in the third quarter. as for reaction in the market, there's more risk taking now with rotation going on into the growth sensitive stocks and away from the defensives. elsewhere, the shanghai market, that finished flat at the settlement at 2,030. the big story now is going to be related to the data. at the end of the week on friday, we get industrial production and retail sales. will those numbers tell us that the world's second largest economy is stabilizing? so the markets in greater china are in a holding pattern until we get those numbers. elsewhere, one of the top performers is the indian market

marching on to higher numbers after a joint session of parliament laying out the road map for the new modi government that includes a lot of investor-friendly items, such as investment into infrastructure. the infrastructure rollout, especially for high-speed rail networks and the auto sector as well. so the markets are liking that sending the s&p ato a new high. that's where we stand now, back to you. we'll look at the markets where the dollar is not making much headway against the japanese yen that didn't react too much to the better-than-expected data. the euro/dollar trading at 1 1.3633. and the ten-year treasury yield is up 13 basis points from last

week, but no great reaction once again for the jobs report. the ten-year bond yield is at 1.36%. again, unchanged over the week despite all the news that we got from the ecb. still with us is michael fergus, michael, as i mentioned just now, 13 basis point increase for the treasury yield. we are finally moving into the higher range but is it sustainable? >> i think we are. there's the treasury rally. the u.s. has been very strong this year. i also think that it's a reflection in large part of what you could call quantitative easing from investors in japan who are fleeing. they are incrementally more aggressive and dovish monetary policies. japanese yields are so much lower that they have to come to support the u.s. and arguably on

some of the investors they would be in the long-term horizon. so that's a different investor class. and as we have also seen french yields have been extraordinarily low. also putting the pressure on. however, at the margin, i think my sense here is that the ten-year treasury is going to be edging into a somewhat higher yield range. perhaps 2.6% to 2.7% over the broader yield. the economic data we have been getting, again, it's not fantastic but it is consistently pretty good over the last two months really since we emerged from the winter. and i think that's going to finally weigh on the bond market here, at least at the merger. >> we know that the dollar move is very closely correlated to the moves in the ten-year yield. 2.75%. that's the upper end of the rage as you just pointed out.

not very compelling for a lift in the dollar, is it? >> no. if you look at the dollar as defined by the dx, it's range-bound for over 12 months. and it seems like that's probably going to be the likely path here, sort of a range in a volatility framework for the dollar here. >> all right, michael, thank you for your time this morning. the chief global strategist at weeden & co. and the tesla ceo talks about the stock sell-off. we'll be back with plenty more after this short break. don't go away.

tesla's boss has been in london this week to launch the company's electric sports car, the model s. i sat down with him and asked him how he felt about the volatility of tesla's stock that fell 25% in the momentum sell-off earlier this year. >> i am watching the day-to-day show price, but it is somewhat distracting. and because tesla's value is driven so much by the perception about future execution, that

anything that affects people's belief in our future execution has dramatic effect on today's stock price. you know, people try to really read the tea leaves even though there's not enough information to make conclusions. and then they get exuberant and depressed. it's -- as warren buffett said, the market is like dealing with a manic-depressive. >> but is it fairly valued right now? >> i don't even know what the value is right now. i mean, is it -- it's probably -- i think it's probably, i'm just guessing because i have not looked at the share price in a few days, but i think it's probably not too crazy. i think it's certainly a lot of optimism priced into it, so we need to execute over the next few years to justify the stock price. but i'm feeling like we probably will.

>> to help him out a little bit, tesla shares are trading at $208. they were up 0.6% on friday, but over the last three months they were down by roughly 13%. let's move on. birthday wishes go out today to a disney icon. donald duck is celebrating the 80th anniversary of his debut in the disney cartoon "the wise little help." the animated short was part of disney's silly symphony series. donald went on to become a permanent member of mickey mouse and appearing in 178 films, even more than mickey. in 2004 he got his star on the hollywood walk of fame. will retail investors be ready to pick up a slice of apple following the share split? details are coming up next.

welcome to "worldwide exchange." i'm carolin roth and these are your headlines from around the world. japan's economy switched into high gear ahead of the sales tax hike. gdp in the first quarter was up as capital spending grows. apple begins life today as the iphone maker's 7:1 stock split takes effect. they will trade out a split of

just $92. and gold for fifa. the kickoff for qatar's world cup is under investigation as the sponsors bow out. people try to read the tea leaves even though there's not enough information to make conclusions. then they get exuberant and depressed. it's -- as warren buffett said, the market is like dealing with a manic-depressive. >> you're watching "worldwide exchange." bringing you business news from around the globe. good morning, everyone. if you're just tuning in, thank you so much for joining us here on the show. we'll give you a quick look at how markets are faring ahead of the start of the trading day on this monday morning. take fair value into account, the s&p 500 is seeing just

fractions lower, but the dow and nasdaq are seen just marginally higher after we saw a record close, not just for the s&p but also for the dow. for the s&p, it was the sixth record close in seven sessions. but once again, the this is falling below numbers from 2011 causing some concern. today we're seeing pretty low volumes because many markets in europe are celebrating a public holiday. the markets are open, but liquidity is fairly thin. the ftse 100 is up .33%. now, let's talk about asian markets. japan's first quarter gdp caught the markets by surprise. the revised annual number is 6.7%. almost a full percentage point higher from the original 5.9%.

and the median market forecast was the 5.6%. this shows that the world's third largest economy was in good shape to deal with sales tax. so how do you make money in the markets? here's what the experts have been telling us this morning. >> we have been warning people, don't sell euro/dollar because of the tight policy from the ecb. we think this is going to turn the trend. the trend in euro is now down. >> we know this is really low, but the problem is it can stay low for a very long period. so there's no sort of confidence in saying, oh, it's low, you should buy into the volatility. >> i think at this point it's

unlikely that you'll see anyone moving in for tesla. i think if that would happen, it would have happened several years ago. $26 billion is a big number. apple begins life anew today as the iphone maker's 7:1 stock split takes effect. apple will start trading out a split adjusted price of $92.22. shares have rallied 21% since the split was announced in late april. outpacing the s&p 500 7% gain. apple has split three times before. the most recent 2 for 1 split in 2005. the stock was down 9.6% three months later, but it did recover a year later and shares have soared 53%. joining me is tom forte, senior internet analyst at tesla

advisory group. do you think that shares need to be more accessible to the mom and pop investor? i'm thinking the stock price just shy of 100 bucks a share is still very pricey, isn't it? >> i do think that it's still on the high end, but i think it's the early more attainable than say $700 a share. the stock has a lot going for it, so the stock split in and of itself may not drive the stock higher, but new product news and a lot of it from apple will drive the stock higher. >> your 12-month price target is $700. that would be close to an all-time high. i just wonder, though, isn't now the time to sell the stock given such a fantastic rally since the announcement of the stock up 21%? >> historically speaking on a short-term basis, you would do very well if you bought in

advance of new product investments by the company. so on the speculation of what the next ipad or iphone could look like, and then historically on a short-term basis, the stock trades lower after the actual news is announced. and for right now, in addition to the next generation iphone and ipad, we expect new product news in the form of an iwatch and apple tv offering. so i think the product pipe line and the news flow that comes out suggests the stock will trade higher over the near term. >> we had some reports over the weekend saying that the iwatch is set for an october launch and the company could be producing up to 5 million gadgets per month. expectations for this are very high, aren't they? >> they are. but the good news for the company is if you look at their earnings and their sales expectations, adding a watch should be good for the top and bottom line as well as the

expanded tv offering. the expectations could be high, but this is good news for the stock. >> tom, you are relatively bullish, but if we cast our minds back to the developers conference, we saw a whole lot being announced in terms of new software but not a lot being announced in terms of new hardware. does that not worry you? >> it's not unusual for the developers conference and for the company to focus on the operating system with the laptop and mobile. usually significant new product news, the next generation iphone and next generation ipad are events in and of themselves, so that was not concerning. if i were to find a negative at the developers conference, i'm disappointed the company is not doing more on the mobile payment front. there's a lot of fruit for the company to pick given they have 800 million itunes accounts. >> you are talking about mobile payments, is that really a significant growth driver for the company? i guess it takes some time to develop that and then to persuade its consumers,

customers, that this is actually very, very attractive based on what others are doing. >> it is still a wide open category. so a lot of companies are doing well in ecommerce. a lot are doing well in advertising, but no one is really dominating mobile payments. and i think at the minute mum what you're looking at is that customer experience when you go to an apple store at every store. so associates who are using iphones or ipads to check you out, a much better experience for the consumer. and then think of the fingerprint technology, recognizing your fingerprint for authentication and using that for mobile payments. i think there's a lot of opportunities for apple. >> tom, thank you for joining us this morning. tom forte, senior analyst at tesley advisory group. netflix is holding the annual meeting today with shareholders set to vote on a

proposal to split the role of chairman and ceo. both are currently held by co-founder reid hastings. the proposal is backed by the proxy advisory firms iss and glass lewis. the vote is non-binding but a similar vote gaped 73% last year which is the highest approval vote for an independent chairman. netflix shares are up 90% in the past year. and video game enthusiasts are descending on los angeles this week for the annual e3 or electronic entertainment expo. the show officially begins on tuesday. microsoft will kick things off today with an event at 12:00 p.m. eastern. the company is expected to cut the price of its xbox one console after lagging sales of the ps4. and halo 5 and action games are both exclusive to the xbox. we'll have full coverage from e3 including a first on cnbc interview with electronics new ceo andrew wilson coming up today on "closing bell."

and last week we asked you what your favorite old school game was, but today we want to know from you what games you are playing now. josh tweets, i don't play as much during the summer but when i do it is gt5. if you want to join in on the conversation here at "worldwide exchange," get in touch with us to let us know if you are playing during the summer months. by e-mail, join us worldwide@cnbc.com, or you can tweet me @carolin cnbc. coming up, why it's still good to be the king. details on the pay packages for some of the top ceos is coming up next. don't go away.

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these are your headlines this morning jack. pap's gdp is revised higher thanks to a pickup in capex in the first quarter. and tackling allegations into qatar's fifa world cup bid. and apple is going to split the stock 7:1 today. these are some of the other top headlines we are looking at this morning. a class action lawsuit has been

filed against 13 exchanges of a high frequency trade. the suit was filed in late may by michael lewis, a lawyer who successfully sued the tobacco companies 20 years ago is non-related to the author of flash boys, which is also about high frequency trading. the suit allegations the changes of the nasdaq and cme markets discriminating against investors by selling advanced access to market data. exchanges aren't commenting on the suit. and tyson foods wins the bidding war over breakfast sausage. they will pay $68 for hillshire brands for more than $7.7 billion. that's $1 billion more than what pilgrim's pride offered for hillshire. both tyson and pilgrim's bids came last month after they looked to buy pinnacle foods.

both offers required hillshire to terminate that deal and hillshire shares in germany are up by 4%. tyson foods coming under a fair bit of pressure up by 1.9%. a new study shows ceos are drawing top dollar when it comes to their annual pay packages. seema moody is here with the details. >> that's right. the average pay for the top 200 highest paid ceos rose 6% last year to 20.7 million dollars. that's according to a study by compensation research firm aquilar. while pay packages may seem a bit excessive, changes in the way ceo pay is determined is improving the odds the top execs are earning the moment due to more independent pay levels and a rise in the portion of pay-base performance. some of the notable names is oracle's larry ellison and.

the top energy pay went to the energy ceo who made more than half cheniere's revenue. the company's proxy statement says his large share award was for meeting targets connected with the building of cooling facilities that make transporting natural gas more economical. four of the top ceos are from the tech sector as they award execs with top action grants. the top two are women, one is from united technologies at $38.2 million. and the highest paid new ceo was don matrick of zynga. he was awarded for his efforts with two-thirds of the pack age in stock. but an interesting report overall. we have to keep in mind that in

2013 the s&p 500 was in rally mode up 30%. so that also may be a reason we are seeing a boost in pay packages. back to you. >> absolutely. seema, thank you for that. in sports news, tennis' rafael nadal made history clenching his record ninth french open title. nadal rivaled jokavich. that brings his grand slam number up to 14. i watched a whole match yesterday. very, very intense match because of the heat. unfortunately, that match point was a double fault on part of jokavich. meantime, the sunday times newspaper published a fresh round of allegations over qatar's whipping world cup bid. they say the football official used his influence to organize a series of business deals in the runup to the ballot to gape favor with voting members. this follows previous claims that he transferred money directly to other fifa members

to gain influence. four of the main six sponsors for the world cuppish shud statements over the corruption allegations. sony, adidas, visa and coca-cola called on the organization to take appropriate measures. fifa sponsors contribute $1.5 billion over the four-year world cup cycle. meanwhile, barclays is facing a $300 million pound hike from amanda stavely according to "the u.k. sunday times." the claim is related to and investigation conducted by the front office into $322 million pounds of advisory fees paid by barclays to qatar investors during the financial crisis. stavel advised the government during that time but the report says she believes her contract entitles her to receive the same sum. and up next, how much would you pay to dine with buffett? the annual auction for lunch with billionaire investor took

place over the weekend. find out where the winning bid was, next.

the price tag for the chance to pick the brain of warren buffett topped $2 million. this was part of a charity auction on e-bay. that's more than double last year's top bid and on par with recent years. this will help provide job training to the poor and homeless in san francisco. and just quickly, shrimp cocktail at the restaurant they are going for goes for about $20 and the ribeye goes close to $70.

here's what's on today's agenda in the united states. no economic data today, but look for reports this week on retail sales and inflation. and officials will be speaking throughout the day today and louis fed press james bullard. and look for numbers from casey's negeneral stores and pe boys. only the dow and nasdaq are seeing fractionally higher. the dow up by six points and the nasdaq up by three and the s&p slightly lower by 0.5. this is after the dow and the s&p reach another record close on friday. goldie locks jobs report, joining us is the chief market strategist, it does seem that we share the jobs report. where do we go from now, bob? >> it's a pretty slow data week.

you mentioned retail sales, i don't know that anything will have a big effect. there's a soft spot for retail. but i don't think it will be extremely strong, but you still have people waiting for a weather rebound. we should be well into that weather rebound at this point. and the goldie locks number shows a lot of that. the analysts are expecting a disappoint in the the jobs number to be attributed to the large number of jobs previously when we had the upside in the previous month. the history shows that we didn't get the let down. and a lot of that is talked about as the weather rebound coming through the data. i don't know if you'll see that in retail sales yet, but overall the fed speakers will be much more important in terms of the short move in the s&ps and the dow and the nasdaq. >> in terms of the s&p, we are just 2.5 percentage points from the 2,000 level. if we reach the 2,000 level, the price to ratio level will be

about 16. that's still in line with historical averages, but at what point does the market become overvalued? >> well, it is. i think the p.e. ratio fears, you have to get into the 20s before that's something you worry about. we are at the middle to high end of the average high range. so if you look historically, we can get up to 21, 22, 23 before you have to worry about it being overvalued. i don't think we'll see that any time soon. the interesting part is you mentioned a couple of times in the show that we've had six record highs in the last seven sessions. those record highs, i think it's a little bit overblown when you look at that. there will be a big pull-back when we reach 2,000. i think we'll get there but it will be psychological. 2,000 to me is one point than 1,999. it's an easy target. i think we'll reach it before the fourth quarter. >> every day we are asking our guests on the show, why despite the fact we are seeing such low

volumes and volatility are investors still chasing that performance? is it complacency or bullishness, what is your take? >> i think it's a lot of complacency. you make the point with the low volumes that investors are not chasing anything. there's a lot of money that's still needing to go into the market, and i don't think we'll see that until we get the correction that everybody including myself is looking for. i think that correction will be bought. in the meantime, the people that are involved, this can be the volume indicator at this point. in terms of volume, very little interest in my market, but the just the best house on a pretty ugly block. not from a standpoint of returns. we talk about the debt and the qe and the fed is coming out of qe with low interest rates. that's a dream scenario for them. if you are an investor, you really do have to be in the u.s. stock market. i'm long and i hate it, to be honest, but i have to be long. >> you're long and you hate it. wow. coming back to -- >> and i hate it. >> wow. that's one of the most hated

rallies in the history of the dow, isn't it? >> it really is. >> thank you so much for that, bob. chief market strategist at teheey's partners. microsoft kicks things off today with an event at 12:00 p.m. eastern. and before you go, we asked what games you are playing now? i have heard mario and pokemon. and another says, i have 130 games on my account, i have nothing to play. i think he's being sarcastic there. thank you for watching "worldwide exchange." we'll be back at the same time, same place, tomorrow morning.

good morning. welcome to "squawk box." tysons dealing a knockout blow whipping the takeover bid for hillshire. and apple shares will start trading at the split price today. and carl icahn is now the largest in family dollar. will he be met with open arms? it is monday, july 9, 201467. and "squawk box" begins right now. good morning, everybody. happy monday. welcome to "squawk box" here on cnbc. i'm becky quick along with joe

kernan and andrew ross-sorkin. bill ackman is joining us at 7:00 a.m. eastern time to talk about the unusual quest for allergen. and tyson has reportedly beaten out pilgrim's pride for hillshire brands. the company is expected to pay $63 a share in cash for the jimmy dean sausage maker. tyson's earlier offer was for $50 a share. pilgrim's pride bid was for $55 a share, so it marched up considerably to $63. in other corporate news, carl icahn reported a more than 9% stake in the company. icahn plans to talk to the discount operator store about strategies that include things like the exploration of strategic alternatives, whatever that means. but when carl gets involved, he's not a quiet investor. much more to come on this story. and shares on apple begin to trade at split