he wasn't buying our product. >> in true icahn fashion, you winnow oh. >> carl icahn is just wrapping up. classic using forceful and colorful language discussing dell, herbal life and netflix. we will trade all of those stocks when "fast money" comes right back. stay tuned. >> we are listening to carl icahn here at the delivering alpha conference at the pierre hotel in new york city. he touched on many topics, a lot of positions that he holds. some of the highlights, netflix, i have not sold a single share which seems almost shocking considering where the stock has gone. >> he admitted himself he would have sold at $100. i think it's the trade is still alive. it's clearly a more difficult trade now. don't be surprised if when they release next week you see another crazy move to the upside stock. nothing wrong if you are long getting out a portion of it. nothing like ebay today ahead of that release but the story is still intact. >> classic carl as we mentioned before using some language for which we might actually get fined by the fcc. he talked about herbal life and when it comes to

icahn i haven't seen with that.eted out, how new is this and priya dos said a few weeks. >> no, he had -- he was -- >> everybody is wrong today. you're wrong. you're wrong. andrew -- you should take it from here. >> he was on the cover of forbes or fortune. we had the writer on the program and he had the beard. when was that? six months ago, longer? i don't know. >> i can't remember. >> icahn shared his opinions on other investors including jim chanos, who didn't have a beard, and big ackman who can't grow a beard. >> i like chanos. i think he's a smart guy. i think there is a lot of things he hasn't gotten. look at some of the stocks he shorted that went way up. i like anybody. i'm not going to -- i'm not going to criticize chanos. >> you just did. >> but he -- well, with all modesty, i think i have a much better record than he has. you know something, i want to tell you now, you're not going to get me to say bad things about ackman. i like ackman. i'll tell you why. i turned my thinking about him. anybody like wit

icahn with us. carl, you secured $5.2 billion in financing, long on your way, it would seem at least, to being able to offer a recap plan you say is worth $14 a share for 72% of the outstanding shares at dell. on july 18th, shareholders have an opportunity to vote down the dell deal, meaning the 1365 leverage buyout. do you believe you will win that deal by seeing them, in fact, vote that deal down? >> well, yes, i do. i think it's self-evident we have a superior offer. so i would mannen we win. k -- i would imagine we would win, but you never know until it's over. >> yeah, you never know until it's over. talking about the iss, love it or hate it, it will be important in this fight. what i have heard is that dell was somewhat discouraged, the dell side, in their meetings. they think, at least it's possible, that iss will go your way. is that also your belief? >> well, yeah, i assess -- we dealt with them over the years, and i think that -- you know, sometimes we disagreed with them, but basically i

i am going all the way with carl icahn on this vote if it happens.etting ready for all of those major earnings. ebay, ibm, intel, american express. should you be in those stocks? after the earnings announcement. my mantra? always go the extra mile. to treat my low testosterone, i did my research. my doctor and i went with axiron, the only underarm low t treatment. axiron can restore t levels to normal in about 2 weeks in most men. axiron is not for use in women or anyone younger than 18 or men with prostate or breast cancer. women, especially those who are or who may become pregnant and children should avoid contact where axiron is applied as uneected signs of puberty in children or changes in body hair or increased acne in wom may occur. report these symptoms to your doctor. tell your doctor about all medical conditions and meditions. serious side effects could include increased risk of prostate cancer; worsening prostate symptoms; decreased sperm count; ankle, feet or body swelling; enlarg or painful breasts; problems breathing while sleeping; and

what did carl icahn say? let's fit him into this square? >> yeah, larry, i can't repeat everything he said because as usual mr. icahn used some colorful language, but he talked a lot about his bid to buy dell, and then he discussed how he picks the companies he wants to go after. >> i know it sounds a little silly, but you almost look at companies that are badly managed. somebody should meet these guys somewhere who run the company and i want to go after that company. >> all right. let's go back to our panel and get some commentary. art hogan, buying dupont. was that a surprise to you? nelson peltz buying dupont? >> you know, that story has been around for a little bit and, you know, it's, you know, this was sort of a revelation to anybody it shouldn't be. it's one of those things that we've speculated on, but the -- the valuation or the point at which he's making this decision is important. it's a turning point. the stock -- for a certain period of time left it for dead and i want to shift, there's one to shift into, and if you can make ch

icahn's proposal. he chose mr. icahn's proposal. that vote, of course, tomorrow. happens, we'll see whether that gets pushed off or not given how close things seem to be. bill, back to you. >> by the way, i don't know if you know, we asked pepsi for a comment. they gave us a three-sentence comment, which essentially said, hey, we're doing just fine with our own strategy. essentially, they're saying, we don't want to catch mondelez. >> there you go. he has a meeting with irene rosenfeld in a couple of weeks. we'll see if he catches mondelez. >> we're confident in our ability to deliver. that's from pepsico. andrew, as always, good job. thank you. >> thank you, bill. >>> we're coming back with the closing countdown. >>> and buckle your seats -- buckle your belt -- or something. buckle something. the earnings will be coming fast and feu and furious. ibm, intel, ebay, all set to report. we'll have the analysis in a moment. you're watching cnbc, first in business worldwide. oh, he's a fighter alright. since aflac is helping with his expenses while he can't work, he can

carl icahn, if there wasn't adjournment, carl icahn would have won.lder vote would have been rejected. they're approximately 100 million shares short. they adjournment because they didn't vote besides appraisal rights, they didn't know they had to shares to vote, whatever the reason was they didn't vote. we'll find out who the winner is probably next week. >> what does michael dell think he can do to dell as a private company that can't be done to dell as a public company? >> bottom line, david? make money, right. >> why can't he do it with a public company? >> because he wants to do some @tansformative things, right? and he -- david: he doesn't think the board would go along with him? >> more importantly shareholders. we are so quarterly focused, you were focused on google and microsoft. those are quarterly result that he and other people are basically giving him the leeway, in this case, silver lake, they want that leverage. even though he hasn't said what he was going to do, all the acquisition he has made, 13 plus billion, that will be the future

carl icahn is guaranteeing $14. carl icahn, no offense, but he has probably never used a computer.i cannot see him the guy running the show over at dell. we don't know about the future that company. summarsomebody who drinks proten shakes i don't think you can make a whole business out of it. liz: what is the one you like? >> i like the hallway protein. cap taking away from my story. but the margins are very low. liz: you say wall street firms have too clear some of his trades. >> he is the biggest customer of wall street. it is out there, not pertinent to the average investor. this is kind of an interesting gossip. the street is going through all sorts of withdrawal because as c trades so much they generate tremendous commissions. so they're going through massive sac withdrawals. steve cohen has been indicted. it gets more difficult, so this thing is imploding in size and probably, it is not like a bank that needs funding every day, but probably will not be able to make indicted firms generally cannot make it out there. goldman sachs may have issues dealing with an indicted firm.

it may not because of carl icahn.coming up in a few minutes. >> i like the beard very much. with all eyes on the market and earnings for tomorrow. with 30 seconds on the clock our guests are here to tell you what to watch for. darren, you're number one, up first. >> hey mandy, we're looking at rotation from the different sectors, rotation into financials and out of material stocks and out of utilities. the comments from ben bernanke today as far as pushing out tapering we think is bullish for the market. we think the stock market is going to continue to grand higher during earnings season and we're looking for the 1720 near term. >> wow, you've got 12 seconds left. you would have gotten a pile of stuff in there. david, what about you? can you do it in 20 seconds like darren did? >> i don't know if i can do it in 20 but i'll take his 12. in general tomorrow we have a lot of tech companies reporting. it's going to be important for the tech tape in general and set the tone. we saw tech benefit from secular trends, prolif

carl icahn who is leading the bid against the deal got the last word right here on cnbc. >> i've never seen one as bad as this. i really mean it. i've never seen anything where they actually go out and they scare their own shareholders. >> and another big name investor causes quite a stir on cnbc's delivering alpha conference. nelson peltz calls for a shake-up in the food industry urging pepsico to merge with mondalese. >>> good morning, welcome to today's show. plenty of news out there today. let me bring you up to speed with some news crossing. ecb is not all purpose weapon for all problems. so suggesting that perhaps the firepower of the ecb can't solve all the ails of the eurozone. there is plenty on the corporate front today. let me tell you what's coming up on today's show. as greece signs off on fresh public sector cuts to meet austerity demand, we'll hear from a german mvp of greek originalen who says the troika should apologize to the great people. he joins us at 10:30 cet. and spain looks to sell up to 3 billion euros in bonds. will investors keep their cool? we'll have the l

. >> and how about the election, the last-hour election of delivering alpha of carl icahn? isn't that last minute? >> yes, you are trying to influence whatever you k and remember, it is not about the people buying the stock, because june 3rd is the record date and you have to have owned it by then and it is about what you are going to do, and the game of chicken being played in terms of will michael dell along with silver lake, but they are not likely to increase, so he would have to do it himself and perhaps access less if they were to go up, and will they do so? we will see. as of yesterday, as we headed into the end of the day, it did appear likely that the meeting would be adjourned but black rock having changed and vanguard and state street as well having changed to yeses, but again, i want to caution you. that can change as well. i'm being told by sources that it is all in flux. we will see whether we get an adjournment or not. >> and okay. people who are saying that they know are wrong. >> you can't know, because -- >> huh? >> this is not like the returns are coming

and icahn versus icahn, i've got to go with icahn. >> there's a 31% short interest. >> i'm looking at doing the same thing actually that brian was doing. i'm trying to take advantage of the fact that those options are very inflated. specifically, i'm looking at the august-november 65 call calendar. sell the august against it at two and a half. that's a net debit of $3.25. this is a situation where those 65 calls are obviously very inflated based on the earnings, based on the news in the stock and i think a lot of that's going to come out. you only have one day to do this trade and that's monday before the earnings come out. >> the multiples are compelling. i think their sales -- they're still growing sales. fundamental-wise, i would be a buyer of the stock. the compression in the multiple is so strong because of all the controversy around this stock and that's why it's that case. so to mike's point, if they never do something about this, we talked about this in an agreement beforehand. are they going to -- is the government going to take down just because one hedge fund is short this

don't forget carl icahn live with me here.r lunch." >>> ben bernanke says quite a bit. markets on the move and full details. cnbc is delivering alpha. jim chanos, leon cooperman, carl icahn to name a few. this hour we have john paulson, legendary investor. it's perhaps the best lineup in financial news history, and it is only here on cnbc. plus, europe versus corporate america. it seems like there's a new case against our companies almost every day. today the europeans are zeroing in on credit -- on american credit cards in particular. tyler is at delivering alpha and

in a let tore investors late friday icahn says to us it seems no one has less confidence in dell thanwas responding to comments from the company that hp's performance is superior to dell's and trends in the pc business could hurt dell's planned transformation into a profitable i.t. provider. dell stock just up marginally. >>> a short break. still to come, protests between pro-morsi and anti-morsi supporters turned violent last night. the latest out of cairo right after this. [ male announcer ] . time to have new experiences with a familiar keyboard. to update our status without opening an app. to have all our messages in one place. to browse... and share... faster than ever. ♪ it's time to do everything better than before. the new blackberry q10. it's time. [ agent smith ] i've found software that intrigues me. it appears it's an agent of good. ♪ [ agent smith ] ge software connects patients to nurses to the right machines while dramatically reducing waiting time. [ telephone ringing ] now a waiting room is just a room. [ static warbles ] hooking up the country whelping business run ♪

icahn's long it. and the other thing is house or cards is interesting.he subscribe subscribers, 86% said they were more likely to maintain their subscriptions, only 8,000 people were binge consumers and canceled their subscriptions. it seems this original programming idea would work out. that said, i'm not inclined to chase stocks like this. i would describe as a meteoric rise since the beginning of the year, so i'm going to buy a call spread. >> i'm looking to buy the august 250, 280 call spread. 30 bucks. sell the 280s at 15.5 bucks. the stock is trading at almost 265. this is a way that you can spend relatively little, about 15 bucks, to get long netflix. >> all right, so brian, what do you think of this trade? >> i think it makes a lot of sense. the stock seems a little overextended, trading over 10%, but i like the stock. i like the transformation they're going through in their original programming. this was hba 1990s style. i think the same could happen for netflix. that's what you want to see out of a tech company, transform itself. i'm a buyer, n

icahn to sign the voting answer?the answer, but when i asked carl icahn about the dinner yesterday, this is what he had to say. >> carl, i heard you had dinner with dell a couple of weeks ago? >> well, we are not supposed to talk about that, but i don't know where you heard it, but you did not hear it from me. i am not going to talk about that and i'm not going to say yes or no, because i don't know where you heard it from. >> i didn't hear it from you, but i did hear that you had d dinner with him which is obviously an opportunity for the two of you the discuss what your price is what his thoughts are about what he is going to do for the company, you are not going to deny that you had dinner with him, are you? >> you know, it is like the old saying, that i won't say yes for the. ? these are the times i wish that we had him live instead of the telephone. >> he had dinner with him. >> of course. >> what kind of oplaplace? >> i don't know, but they had dinner. this is the crunch time, and we will hear next week from is

they're generating very attractive returns be it netflix, be it herbalife, and carl icahn has been very verbal about the returns he's seeing. there are a lot of people who can say something, and the stock moves." that was morningstar's carr lanphier. if carl ichan wins control of the computer company, it's seen as a setback to micheal dell, who started up the company in his college dorm room. president obama is defending healthcare reform. at a news conference yesterday, the president pointed to a dramatic drop in healthcare costs in states such as california, oregon and washington, where he says the new law is already working. october 1st, all americans will be able to go online and compare prices for medical insurance plans. the president says healthy competiton will continue to drive down rates for consumers. "despite all the evidence that the law is working the way it was supposed to for middle- class americans, republicans in the house of representatives voted - for nearly the 40th time - (laughter) - to dismantle it." republicans contend individuals should get an extra year to pre

find out why carl icahn didn't sell his stake in netflix. ars. i use daily market commentary to improve my strategy. and my local scottrade office guides my learning every step of the way. because they know i don't trade like everybody. i trade like me. i'm with scottrade. (announcer) scottrade... ranked "highest in customer loyalty for brokerage and investment companies." >>> welcome back. mentioned just a moment ago that financial it's are topping the tape today. morgan stanley is hitting a new 52-week high on an earnings beat. if you tuned in on monday around listened to an lirs mike mayo, you would have known they were coming. >> they will be on the cover of every business magazine in a year or two. we're getting ahead of that curve because you're going to see explosive growth out of wealth management at morgan stanley. it will be half the company. >> the fact of the matter is we could have played a mayo sound bite from an interview the last time he was on the half several months ago where he was ahead of being -- >> morgan stanley has been h

it offers certainty, and there is always a chance that the carl icahn proposal won't go through.tantially downturn for this stock if something were to go wrong. we like it where it is, and we would vote in favor of the deal, and you know, there is a little bit of upside, i guess, here if icahn were to get his way, but there are a lot of challenges for this company as a publicly traded entity as it stands right now, especially if it's levered up. >> jayson, thank you so much. >> you're welcome. >> one down, one to go. what about qualcomm now? should you buy, sell, hold, whatever? our next analyst says, no, you have to buy this price target above where qualcomm is today. how is it going to get there. >> i think it will get there on the back of mobile growth. i think a lot of investors are frightened that with more growth coming from emerging market that story can't work. however, qualcomm is a player in emerging markets. still uncontested at leading edge and lte. while plab slower than previously expected, still a robust growth outlook in the back of this year. >> bears on qualcomm

carl icahn, michael dell, what do you do with the stock?'s definitely been a roller coaster of a ride this week. three major developments. carl icahn comes through with the financing he need, writes an open letter, $14 bid. then on wednesday, we heard special committee ask dell to raise their price, and today we're hearing that silverlake-dell will not raise their price. i think -- you know, i think carl icahn has the superior bid. a $14 price versus $13.65. if you look at the eps accretion, as he buys back the shares, it's significant. if you value it six times multiple, some of the eps numbers, like 372 to 555, you get 20 to $30. >> would you buy it here? >> i think it's good buy here. i think something will get done. it's possible share holders may vote this down on july 18th. i think carl icahn wants to own this. i think he wants to turn it around. he sees his plan as a better alternative to enhance shareholder value. >> abigail, what's the chart look like to you? >> it suggests fireworks to the upside could be ahead. bullish for shareh

meanwhile, just call carl icahn the $5 billion man. he reportedly secured $5.25 billion in financing for his dell bid. he will be here exclusively to talk about that and what happens next. join us. >> that's an unfolding story. >>> gold bouncing back big today after last week's carnage. meet someone who says gold will actually make you more money than the stock market, between now and the end of the year. does that mean that gold will soar, or that stocks are going to fall? we'll figure that out coming up in a little bit. >>> let's look at where we stand as we approach the final stretch for a monday. the first day of the second half of the year. the first day of the third quarter for the wall street. the dow kicking off the first day in a strong mode, even though we are off the best levels of the session. up, as you can see, 124 points on the dow. nasdaq composite also coming off its lows now, and reaching back up 41 points, 3,444 on the nasdaq. and the s&p 500 with a similar chart pattern, showing gains here, up 14 points. >>> in toda

. >> if dell wins, does icahn lose? >> i would say yes, but icahn at this point is winning. i would have thought a couple weeks ago the shareholders would have approved it just given the numbers involved. but icahn right now is winning, and this is the real tension behind the deal, and that is, is the board going to be shaken up. this gives michael dell more a reason to get a deal done, because shareholders are so upset they might kick him and others off the board. >> very quickly, are icahn's criticisms of the board justified? we understand there is negotiation going on here, there's posturing going on here, but are his criticisms justified? >> i think people have to be careful about a swift storm, tyler, but i think he has very valid complaints, especially given when a serious owner and manager says, i've screwed up so much, i need to buy the company from the shareholders. why should the shareholders get the benefit of his managing plan? >> nice seeing you. sue, back to you. >> investor john paulsen made some big waves talking about how bullish he is on housing. up next we

adam: what does carl icahn see, what value in dell does he see? we saw the pc numbers.is losing market share like the rest of them. liz: servers. service? adam: hewlett-packard, a lot of companies are outperforming dell. you know, he has to see some value there. liz: the stock quite not moving on that news. we'll watch it. >>> china's economy in the spotlight because of slowing growth. what will happen to companies and sectors outside of china? maybe stocks you own if china's growth rate continues to slow and grind down? we'll tell you which names could feel the most pain. do you own them? adam: and chinese technology giant, lenovo, is on a role. they're seizing a huge u.s. rival's crown in a key battleground in the u.s. electronics market. we'll talk to lenovo's north american president. you will only see it right here on fox business. ♪ my mantra? trust your instincts to make the call. to treat my low testosterone, my doctor and i went with axiron, the only underarm low t treatment. axiron can restore t levels to normal in about 2 weeks in most men. axiron is not for

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carl icahn saying they haven't sold a share and the subject after billionaire brawl, icahn is long and ackman is short. maria, back to you. >> josh, thanks so much. and through the day of trading, 45 minutes before the "closing bell" sounds. off at the highs, we have been up 118 earlier, the dow up 76, bill? >> meanwhile, pepsi shares hitting a new high today, maria, after pushing for changes at the company during our alpha conference. but not everyone agrees with nelson pelts. we will get to the other side of the argument and if pepsi belongs in your portfolio. that's after the break. >> and later in the program i will talk with blackrock ceo larry fink. what does he say in the next leg for this market? we will talk about that and a lot more. >>> also coming up next, sir charles barkley is here. he joins me in lake tahoe. he is the long shot to win the american century classic here in tahoe. we will talk strategy with him moments before he tees off. plus, did you know he watches the market everyday? that and more coming up on "closing bell." stay with us. charles barkley, next. before

of course, herbalife the subject of a billionaire brawl you saw here on cnbc, bill icahn is long.n is short. the stock up more than 3% and up more than 90% so far this year. guys, back to you. >> all right, josh, thanks so much. as we said, herbalife is out. it's a beat. the stock is moving. we want to get some more instant reaction right now. >> joining us now is our own herb greenberg. herb just looking at some of the results, you see that they're raising guidance for fiscal 2013, better than expected. it looks like that's what's leading the stock up after hours. what are you seeing here? >> you know, i'm literally trying to go through the press release right now. the sales growth, the number i looked at, was actually a reversal of the trend, which is a good thing. volume growth, which is a number they look at, is actually -- the growth is lower than it was a quarter ago. i'm just trying to look here based on what the guidance. >> herb, the bottom line is, you know, last quarter, the company said that it saw its earnings coming in between 1.14 and 1.18. that was a bit lower than

carl icahn and mark.arl icahn has been buying navistar and he owns about 16%, our clients own about 9.5%. and that stock's around $33. class-a big trucks. and five years from now, four years from now, maria, they'll earn about $6 and he'll find a way to harvest that. >> you didn't buy it because he did. >> no. we've been in it for a while. >> yeah. >> in it about 19 -- you know, a long time. and another one is federal mogul where he owns 81%, and the stock is 14. next year, fdml, they'll earn $2.40. so the stock's going straight up over time. and they will split up the company, have aftermarket oe, so carl is very good. >> we're back in the period of activist investor and carl is a prime example. bill ackman, everybody, is that a good thing? are they stirring up the right kind of dust? >> well, you go back to the '60s when i first came down to this place, what you had was bootstrap financing, someone who would look at the sum of the parts, figure out how to break it out, and in quotes the corporate raider

george soros entered into carl icahn and bill ackman's fight. soros is making a huge bet on this one. we have that story up is next on "kudlow." in a world that's changing faster than ever, we believe outshining the competition tomorrow requires challenging your business inside and out today. at cognizant, we help forward-looking companies run better and run different - to give your customers every reason to keep looking for you. so if you're ready to see opportunities and see them through, we say: let's get to work. because the future belongs to those who challenge the present. >>> i appreciate, bill, that you called me a great investor. i thank you for that. unfortunately, i can't say the same for you. >> icahn never one to shy away there from a good fight. the stock of herbalife has rocketed higher. now up nearly 100% so far this year, larry. >> up 100%. >> 100%. so what's interesting about this is a couple things. one, you had actually carl icahn, i'll put it to you this way, telling our own scott wapner at our delivering alpha conference re

icahn wants shareholders to vote against the proposed $24.4 billion buyout.t for thursday and stock is flat. >>> general electric might be planning a $5.3 billion counteroffer for british engineering company invensys. this would have to top schneider's offer. this is according to unnamed sources speak iing to "the sund times." shares of invensys up to a ten-year high on news of the schneider bid that ended the session up more than 15%. and hedge fund starboard value financial advisers to explore alternative deals for smithfield foods bought by china's company. last month starboard said the company could be worth up to 64% more than what was offered if it split up and shopped its production, pork, and international units separately. smithfield stock is flat in frankfurt. >>> if your stash of twinkies is about to run out, the hostess snack cake is officially back in u.s. stores today. walmart got its new supply of twinkies and other hostess treats. they are marked with the slogan the sweetest comeback. they filed for bankruptcy and went into liquidation. the sn

be bill ackman or carl icahn? >> bill ackman, because you have more ammunition in terms of being able to effectively fight off ackman at this point. you have questions about his decision making or track record and carl icahn at 77, top of the game. never been tougher. nef been richer. never been more willing to say,say, i will throw another $1 billion in the pie. we have more dell news, so i want to hear from him rather than ackman. >> and what about -- >> that is good stuff. and soon to come, he will drive the most popular vehicle in america with natural gas, and we will tell you about the new option that ford is offering. >>> and the movie of spike lee and the kick starter campaign to raise money for the next film is raising con trtroversy, becausey is someone of his stature going to startup funding? >> and we go the comcast and soda stream and so many more when "squawk on the street" continues. >>> i want to know, are you long neshg america? >> we at ford in the united states are competing with the best compani

a dell special committee has rebuff ed icahn's value.adtrum will be bought at a 17% year premium over yesterday's close. elsewhere. best boy meantime is launching a two-day ipad trade-in program today. consumers can swap working models of the ipad2 or generation of the ipad and get a best buy gift card. that cams off success with an iphone trade-in program just last month. >> laced with plastic and pigma, it's good beer. >> joining us on set jim o'shaughnessy. my china bashing gets old. doesn't it? >> you got to pick a few country. >> i was on france for 20 years, but i love france and i got a freaking co-anchor that speaks french. >> mavendy speaks french better than i do. >> it moved me when you did it. [ speaking french ] . >> it means it's important for business these days to speak another language, joe. >> the language i love. i will jump across this desk if you don't stop it. >> you kind of had trouble with english. >> oh. >> oh! >> wow! pow! >> across the table can i give you a fist pump on this q1? >> jim o'shaughnessy, he was go

don't forget carl icahn live with me here. right now "power lunch." >>> ben bernanke says quite a bit. markets on the move and full details. cnbc is delivering alpha. jim chanos, leon cooperman, carl icahn to name a few. this hour we have john paulson, legendary investor. it's perhaps the best lineup in financial news history, and it is only here on cnbc. plus, europe versus corporate america. it seems like there's a new case against our companies almost every day. today the europeans are zeroing in on credit -- on american credit cards in particular. tyler is at delivering alpha and he's going to join us in just a second. simon is at the ny sze, but we begin with the man that wall street and investors all over the world were waiting to hear from. ben bernanke testifying before the house committee on financial services. the ten-year reacted this morning to that. right now it is down below the 2.5% mark. we're at 2.493%. that's significant. we've not seen that in some time. senior economics reporter steve liesman joins me with

icahn believes that bid still undervalues the computer company. his counter-offer could reach $18 a share. a shareholder vote is re-scheduled for next friday. investors clearly believe the plan to merge apparel company maidenform with hanesbrands is a good fit. hanes shares rallied more than 8% yesterday. hanes will pay $575 million for maidenform, or $23.50 per share, sending maidenform stock racing up more than 22%. the deal is likely to be done in the 4th quarter. and here's one for gadget fans: google just unveiled its new nexus 7 tablet. the sleeker, higher-resolution tablet is less pricey than apple's ipad. tech analyst rob enderle says depending on when google's competitors release new products, google could have an edge in the marketplace. "long-term, it should give them more ad revenue, unless the other products that come later in the year pull people back to those brands. this is going to be a fight. google is throwing down the gauntlet, but the other players, amazon and apple in particular, are here to play as well." google also launche

and a moment of truth in the dramatic shutdown between michael dell and carl icahn as the clock counted bitter fight over the pc maker's future. we will bring you the very latest on what shareholders who have so far been undecided are really thinking. ♪ ♪ she's still the one for you - you know it even after all these years. but your erectile dysfunction - you know,that could be a question of blood flow. cialis tadalafil for daily use helps you be ready anytime the moment's right. you can be more confident in your ability to be ready. and the same cialis is the only daily ed tablet approved to treat ed and symptoms of bph, like needingo go frequently or urgently. tell your doctor about all your medical conditions and medications, and ask if your heart is healthy enough for sexual activity. do not take cialis if you take nitrates for chest pain, as this may cause an unsafe drop in blood pressure. do not drink alcohol in excess with cialis. side effects may inclu headache, upset stomach, delayed backache or muscle ache. to avoid long-term injury, seek immediate medical help for an erection

this, this is a negative for carl icahn.he billionaire financeer who is working with southeastern. they believe, carl icahn and company they believe they are very confident that many of dell's significant shareholders share the carl icahn part of it. ashley: he would say that, wouldn't he? liz: yeah. but he doesn't just mouth off. ashley: no, no. obviously has some, some, you know, weight behind him let's put it that way but interesting development as you saw dell moving slightly lower was it in after-hours. liz: barely in the after market session. it moved up 3% during the session. keep in mind, the major vote is coming up in about two weeks. ashley: that's right. chaos in cairo we know is casting a dark cloud over the egypt's economic outlook so can the companies bounce back. a billionaire in egypt founder of the egyptian opposition party will join us next. liz: we have new insights you can't afford to miss today. we talk to a airline analyst about stocks set to take off and some that could be in for a bit of difficulty. ♪

dennis: karl icahn working to fight off objections. joining the nasdaq 100 today. our panelists will tell us when it's time to buy. fox business with a pretty impressive finish. >> i am from the upper east side in new york. i want to say hi to my mom and dad in connecticut. >> we raised money for the ronald mcdonald house. >> a great race. love fox. ♪ i want to make things more secure. [ whirring ] [ dog barks ] i want to treat mo dogs. ♪ our business needs more cases. [ male announcer ] where do you want to take your business? i need help selling art. [ male announcer ] from broadband to web hosting to mobile apps, small business solutions from at&t have the security you need to get you there. call us. we can show you how at&t solutions can help you do what you do... even better. ♪ cheryl: just a pick up on what local was talking about. boeing, one of the reasons you have a nice day out today. obviously, we are continuing to watch the banks. bank of america is certainly one of the stocks you want to watch. disney, the trailing stock r

. >>> memo to michael dell and carl icahn. just walk away from dell. all will be forgiven.rd yesterday from all the tech companies i follow. dell's perhaps less than $9 a share. to the reality of this company and industry started out. first of all, if you listen to the conference call of intel, microsoft, you know that personal computers in a horrendous secular decline, meaning doesn't seem to be able to stop its decline. sure, some of it is being replaced by tablets and some by -- no chips so exciting to mean anything to most users. sure, the chips could keep getting smaller and smaller, but unless you work at nasa and want to put a man on the moon, you don't need that power. yes, intel says when it gets the in chip, maybe it will be a bump in the business, but it's more likely -- will come up with some cheaper devices and cut dell's profit margins to shreds. dell's selling big, color sets. the ones they can't even give away at best buy, except when you get your kids to college and they insist on the tv. that is if they even bother to hook one up. apple is the equivalent t

dennis: i certainly trust michael del to turn around the company than carl icahn.s to smart phones. why does michael del need 32% voter approval? >> he has 16% equity share and he is not going to be partaking in the buyout vote, he can't vote for himself so the remaining 84% is what you need a majority from that coming out to 42% approval michael del needs. if you don't vote that is a vote again so he needs 40% approval. dennis: if you don't vote is a vote against. that will kill him because no one will vote in these things, they vote by buying or selling shares. why isn't he voting his own shares? is it regulatory not allowed? if you own a 16% stake in your company you want to be allowed to vote those shares anyway you want. >> he has recused himself. dennis: he has recused himself. that is a problem. we have other companies, google, the top three guys, and cablevision, but this guy has to take his own 16% stake off of the table. so sorry to hear that. tries to do a good thing but it backfires. >> that is one of the things that is a risk to carl icahn because it i

the ex-former right-hand man of carl icahn. lot of these guys have gone activists before. >> does this change the landscape in terms of putting at&t over advantage of verizon. we're not seeing movement in the after hours session on the back of this deal. but these two stocks of course major dividend yield plays happen for this year but also historical valuations compared to themselves and their own industry. >> i mean, i think it certainly puts pressure on verizon to make some kind of a move so that trading wise, where do you look for this? certainly sprint on the screen right now, u.s. cellular those are the names you want to look at. but tim brought up an excellent point here but there are only a few players in this field. if you start to get this consolidation, verizon does have to make a move quickly. they have a competition issue and we'll see, you know maybe there will be some problems with this getting through for at&t. >> okay. we will keep our eyes on this for the rest of the after hours session here. we want to first

that may be the best outcome either michael dell or carl icahn at this point has to hope for.ith cramer. >>> snap chatting next week's show. there's always a bull market somewhere. promise to find it just for you. i will see you monday! are you working hard for your money, but your money isn't working hard for you? what you need to know. also, a "suze follow up." >> i was pretty honest with them -- brutally honest of, you know, our situation, which is bad. >> when they say, "the truth will set you free," it most certainly will. and you ask me, "can i afford it?" >> i want to buy a custom-built in-ground swimming pool with the fence, the landscaping, the heater, the cover, the deep end, the diving board, a lap lane -- everything. >> how long do you think it will take your daughter to fill up that big pool with that hose of hers? >> years. >> years. >> she'll be in college.

it is a long letter criticizing carl icahn.elieve that a sale at a premium remains a superior option to a leverage recapitalizati recapitalization. in other words, the offer continues to be one they support. dell's special meeting will be held on thursday, july 18th at 8:00 a.m., central daylight time. this headline from reuters that they will not raise the bid to dell. tomorrow carl icahn will be speaking to scott wapner at the conference. tune in for that. melissa back to you. >> let's check on stocks moving in the after hours session. the ft is reporting that the ec is proposing a draft plan ceiling on consumer debit. that cap could be as much as 0.2%. we are seeing this stocks move in the after hours session. american express is down by two percent. look at the move in master card as well as visa. these are all feeling the impact of this story that was released in the after hours session. guy? >> it's clearly been names that we've liked, specifically master card and visa. we've seen headlines like this before. i can't speak

remember, carl icahn will be talking to our own scott wapner. that's later today. stay tune. mandy, back to you. >> indeed, some very big names making very big waves there. let's get back to one of those big names. john paulson is still speaking at cnbc's delivering alpha conference. let's have a listen. >> one is trying to anticipate which of the announced deals could get a competitive bid because then if you get a competitive bid you can make, you know, a very, very high return, and secondly in trying to anticipate consolidation trends within an industry and then to acquire a stake in a likely takeover target before an announcement is made. we've had several successes. the biggest one was sprint. they unusually announced a deal to sell 70% of strength to softbank but we thought the price was undervalued perhaps because it didn't have a full takeover control so it didn't have a full takeover people why you. we thought given all the activity in the wireless base there could be another bidder. we took a substantial stake and bought 230 million shares and prior to the announcem

carl icahn smelling blood, he's refusing to back down. who else is siding with him now?flix scores huge with "house of cards" snagging nine emmy nominations. netflix stock has been skyrocketing, up more than 229% over just the last year. has netflix reached its peak, or is this just the beginning of its blockbuster story? "countdown to the closing bell" starts right now. ♪ ♪ liz: okay, dollar sign, dollar sign. my mother's going to call in and yell at me for that. i think it's clever. hi, everybody, i'm liz claman. it is the last hour of trading, and today it may be less about fed chief ben bernanke and more about jobless

and carl icahn may get the last word before the dell shareholder vote.the fast money crew today 5:00 p.m. eastern from the dri delivering alpha conference. back to you. >> thank you very much for that. >>> on to some of the other stories we're tracking for you. 7.5% growth is good enough, it seems, for most foreign investors, talking about china here. in june, they put 20% more money into the mainland than a year ago, that's the fastest pickup in more than two years and shows investors were still optimistic about china's potential. first half data shows steady gains in fdi from the u.s., japan and europe. >>> china's top state newspaper wants a crackdown on bribery by global firms. the people's daily says multinationals are exploiting a lack of oversite and beijing must do more to keep competition fair. the editorial comes days after chinese detained four glaxosmithkline executives for allegedly bribing doctors to boost drug sales. and a new media report citing a hong kong lawyer says china's expanding the probe to at least four global firms. today's swi

icahn joined twitter a month ago. his handle is @carl underscore c underscore icahn.nt to go, follow him on twitter, that's where you can find him. >>> what will gsk ceo prescribe as the remedy for the shameful scandal in china as he prepares for today's call with investors? we discuss china's crackdown on bribery. that's coming up next. >>> these are your headlines today. arm shares soar as the chip designer beats again the second quarter results. the group's new ceo tells cnbc he's focused on developing their product pipeline. that's after apple's third quarter profits dropped shortly. iphone sales topped forecasts. >>> u.s. prosecutors reportedly set to file criminal charges against sac capital advisers over alleged insider trading. >>> china's bribery probe in the pharma industry is front and center today. glaxosmithkline ceo is expected to address the issue when reporting earnings at 1:00 p.m. cet. it is reported that gsk is looking at cutting prescription sales commissions and drug prices in china. meanwhile, astrazeneca, two more of its employees were questione

can he beat that adversary karl icahn in this bidder battle?good reason to be in good spirit.

but, the -- adam: herbalife getting a carl icahn boost?initely, i really don't want to talk about anthony weiner. there is enough in the post. but is it because of carl icahn we see the price going up? >> we are. ackman has failed to deliver so far. adam: the price has doubled. they were down at one point below 30 buck as share. >> the earnings are pretty good. at some point i think he has lost $300 million on this short so far apparently. remember he was even at some point. now he is really in the red. at some point he will have to pack it in because this will, really hurt performance this year. he says he is in it for the long haul. next thing we hear he covered his short. a lot of rumors on twitter that he has. obviously i don't think he has yet but, you know he has come out publicly saying still short significant shares, 20 million or something like that. >> a lot of money. >> something doesn't happen soon, i think he has maybe one quarter my view, i think he will have to cover. he has been known to stay it in a while, right? adam: yea

carl icahn firing off another criticism at dell.dell for changing the voting rules involving dell and silver lake partners. they say any vote not cast counts as a vote against dell. yeah, dell and silver lake want to change that provision. >> fears of a bubble in china are growing. here is jim chan os earlier this month at cnbc's delivering alpha conference. >> the marks have done nothing but go up globally in four years. with one exception, basically, china. and the credit cycle that we saw, which we thought would happen first if real estate has not happened. real estate has held up, which is the interesting thing about china. i think it's the next shoe to drop. >> joining us now from san francisco is patrick wolff, founding manager of grand marshall capital. the fund was up 43% in june. she former manager and grand master of chess. once you are a grand master, patrick, have you that for life? >> that's right. it doesn't matter how bad your game gets afterwards. >> did you ever play road golf? >> actually, we played ten, yefl years

. >>> michael dell's plans to take his company private may have hit a snag as carl icahn steps up theboard committee has reportedly told michael dell he needs to sweeten his $24.4 billion buyout bid. dell and silver lake partners are currently offering to pay $13.65 a share to take the pcmaker private. carl icahn who has teamed with dissident shareholders southeastern asset management, is preparing a bid underwhich investors would tend are their shares at 14 bucks a piece. icahn said he's committed more than $3 billion or two thirds of the debt financing to back his proposal. dell special committee is also reportedly concerned that influential proxy adviser firm iss won't back michael dell's bid. iss is set to make its recommendation next week ahead of a shareholder vote on dell's proposal on july 18th. reports say iss has been peppering the team working on the buyout bid with questions about whether the deal is a good value for shareholders or whether dell should pursue a recapitalization which could involve taking on debt and stock buybacks. recommendations from proxy advisory firm