we're moments away from speaking with investor karl icahn.r what your take on this is all steve. when you found this out in the 1310 filing last night of what the market had suspected. now we come to find out he has a position. he has a massive position. and he is, in fact, long herbalife. >> it's unbelievably fascinating. i remember one other transaction where ackman took a huge position which was target, $2 billion, separate fund and basically was options, a lot of options and went pretty much to zero because he couldn't get done what he wanted to get done. he has a good track record. throw it in with the rest of the track record it's not as good. i have to go with icahn on this one. i can't wait to see how it turns out. pete talked about option. a big part of his filing was options. that's interesting. >> absolutely massive. gutsy play. leverage play. the use of these options very sophisticated manner. what he had done was bought an enormous number of calls but also sold a number of puts leveraging him self to the upside. >> bullish bets o

the battle between karl icahn and bill ackman take a stunning turn. n the company, 13% position with the investment through traditional stock and options as well. icahn telling me last night he's done a lot of work on the company, has a good business model and spoke to the ceo several times and thinks he's doing a great job. icahn told me he thinks bill ackman is off base with everything he's been saying about the company. ackman has called it a pyramid scheme and this new disclosure comes after two men brawled on the halftime show three weeks ago today. >> i'm telling you he's like the cry baby in the schoolyard. i went to a tough school in queens that used to beat up the little jewish boys and he was like one of these little jewish boys crying that the world was taking advantage of him. he's almost sobbing. he's in my office talking about how i can help him. you know, it's like in the old song, i rue the day i ever met the guy. >> ackman telling me telling me he's unaffected. his goal all along was to shine a spotlight on herbalife and to the extent

karl icahn took a big stake in herbalife.t company. $528 million in stock this year. that is part of the buyback program. herbalife says they have approximately 4500 nutrition clubs in north america. they have a retention rate. they keep selling over 51%. they talk about record sales. here are two things you should look at. look at the repurchase program. i think they have a billion dollars to repurchase. they have some more to go. that is good short-term for the stock. long-term. this is interesting. we should point out herbalife is under investigation by the securities and exchange commission. part of the accusation, by the way, we got into this on fox business. if your customers are your distributors, you know, at some point, is that a business model that is sustainable? maybe they do not by that much. maybe the fact is they cannot sell that much and as a customer they cannot buy as much. essentially, your revenues implode at some point. it is not a product that is selling very well. they will more clearly delineate , my o

karl icahn owning 13% of shares. he believes in the company. unlike, bill ackerman.e thinks it is a house of cards and a peer bids -- and a peer amid scheme. they make packaging for health care, beauty and tobacco industries. it is certainly a stellar performer today. back to you. melissa: thank you so much. lori: president obama talking a lot about a manufacturing renaissance. jeff flock is in rockford, illinois. impressive, jeff. jeff: indeed, lori. i love these old buildings and structures. i have the mayor with me. he has been the mayor for eight years here. barber coleman was a giant manufacturer. >> yes, it was. jeff: walk me through this. i want to put some numbers up. we talk about a manufacturing renaissance. they have been shrinking since the 70s. really unabated. the fact is there has been no time in the past, well, 30 years where we had more plants open in a year then plant closed. is there really a renaissance going on? >> there is. we have to be prepared to respond where the market is today. it is not the same when barber coleman was here. jeff: nobody