we begin with carl icahn. it takes a certain breed of stock market investor to thrive in queasy times, and icahn is one of that breed. he has a knack of turning someone else's loss into profit for himself. but he can also help others improve their bottom line through the so-called icahn lift, an upward bounce that often happens when he starts buying a beleaguered stock. when the financial crisis hit in 2008, many investors were tearing their hair out, but not icahn. the state of the economy changes, but icahn's investment philosophy remains the same. as he told leslie stahl in march of 2008, carl icahn looks to pounce while everyone else is losing their shirts. >> the day we visited icahn enterprises, the stock market was swinging wildly, at one point, dropping 300 points. so has this been a bad day? this is not a great day. >> tough day, tough day. >> wow, this is beautiful. look at your view. icahn works in a skyscraper suite overlooking new york's central park. >> i think i lost today. >> you did? >> yeah. >

some breaking news on carl icahn.a sterns has the details of his latest holdings. >> carl icahn, the billionaire activist investor, has announced gannett, then media company, and his urge splitting the company. they have already decided to split off their publishing from their broadcasting. if they do so, they would be following in the footsteps of other media conglomerates such as news corp. and tribune that have split publishing from broadcasting. carl icahn says this steak was bought in gannett before the company announced their plans to split it up. the thinking being if carl icahn supports the split, that will increase the likelihood that if a deal is done that gannett up. carl icahn announcing nearly a 7% stake in gannett, saying he will hold talks with management and will urge the splitting of the company. >> carl icahn one his 13-f filin gs. according to one researcher, there are over 31,000 private aircraft worldwide. many of these planes go unused for a long time. to help withants that. they offer private je

billionaire activist investor carl icahn. the three way battle of the dollar stores is heating up again. icahn all over it. so is charlie gasparino. coming down with exclusive new details on this story. >>> and look at these maritime drones, unmanned. they may look like something out of a science-fiction movie meets war stories, but this technology from textron systems could be a game-changer in naval warfare. look how fast they go, and go through rough waters. textron ceo ellen lord here live to talk about the next generation of drones for military and civilian use. it's part of our special series, "rise of the drones." you're here to buy a car. what would help is simply being able to recognize a fair price. that's never really been possible. but along comes a radically new way to buy a car, called truecar. now it is. truecar has pricing data on every make and model, so all you have to do is search for the car you want, there it is. now you're an expert in less than a minute. this is how car buying was always meant to be. th

liz: billionaire investor carl icahn is ready to battle family dollar and its ceo howard levine. charlie gasparino spoke with the man we like to call uncle carl. last night and is here with details. i want to know how this call went down. he called you, you called him? >> i called him. and he got back to me as i got out of a gym and ducked into a bar and started writing down notes on napkins. i wrote a story on foxbusiness.com, you can go there. we were tweeting this out last night. everybody had to follow fox business and carl icahn's attack on family dollar and ceo howard levine. carl basically said this guy is one of the worst ceos in america. the epitome why you need activist investors. why is that? he's willing to save his job and sell, this is mr. levine, who, by the way, we've been asking to come on the air for two days, he's not doing it. this guy is willing to save his job at the expense of shareholder value. what he said was this. he knew that dollar general which put in the unsolicited bid yesterday for family dollar was the better choice. they had the money to bid up f

and carl icahn was talking up potential merger between dollar general and family dollar. binge he gow it today. made a lot of money. why does carl like the space? carl likes it because a space that does very well in sort of weak economy. these are .9 cents stores. this is what it says, carl icahn is incredibly relevant at 57. amazing. >> he called it. people going to walmart like preparing for a small military battle. people like the small dollar stores because they fill in between your grocery stuff. go in there pick up cheap stuff, even milk. name of the game, walmart under pressure whether or not family dollar grocery store. can they move into that space? melissa: yeah. breaking more news an stevie cohen. >> we should point out today his number two, a guy named tom resigned from sac whatever it is called, point 72 asset management. what does it signal? he is third top sort of echelon management that left zack post the -- sac, post indictment of the firm. that cohen is doing this as preliminary to a comeback. when that comeback is i can't tell you. melissa: he is cleanin

ironically, that is exactly what carl icahn has been going to ask for.e said he was going to push for exactly this. he said he still wants to talk to the company. gannett said they are happy to talk to him as they do with all of their shareholders, but they beat him to it. that stock is done well because of those plans. talking earlier today, trying to figure out how much carl icahn has made on this trade because his stake is a combination of stock and call options. i took a few minutes to try to figure out if there is a way to price these options. make ist i wanted to that these were over-the-counter trades. this was a custom transaction that carl icahn built with some counterparty and that is really what is worth thinking about here. these options are so far in the money that whoever was on the other side of the trade just got royally screwed. >> he did very well without having to do very much of anything about putting pressure on the board. this was maybe some easier money in the spectrum for carl icahn. >> you're going to stick with us because we are

you see this news that carl icahn has taken a stake.t to know when did he buy the stock on the front page of the 13d it says the date he took an action that triggered this filing. we see that. we have a nice graphic there. he has ten days to file he's done nothing wrong. the second thing, you want to see how much stock he owns. we get to that 18.5 number. the third and most important thing is item 4 it tells what you does he want to do? this is really important. so if you read this one. a lots of times we see carl being extremely aggressive, put a company up for sale. things like that here he's frustrated with the managing issues. for carl, it's not the most aggressive 13d we've seen. if you think, don't put hertz up for sale. i think it's likely. they don't have their accounting in place. nobody wants to buy before they know what they're buying. that's how you read a 13d. >> are you in let's? >> no, i am not in hertz. >> let's bring in david faber. he has been in this a long time. no surprise to you. >> it started in january, to karen'

carl icahn has taken an activist decision in "usa today" publisher gannett. ed for company to split into, but the company has done that, as you saw this week. bill ackman pushing the fannie mae and freddie mac, claiming they cheated investors out of profits. coca-cola is reenergizing business with a 17% stake in monster beverage, tightening the bond between the two companies that share marketing, production, and distribution. for more on the deal, i am joined by bloomberg news' doing standard -- doing stanford. what is co-coping to gain? -- coca-cola hoping to gain? >> the big twist is a cola is buying a percentage versus the whole thing. right now, soft drinks in the united states have been in decline. soft drinks as a category have been down for nine years. energy drinks are sort of the new soft drinks. it is a category that has been growing. one of the big things coco hopes to gain here is the international distribution of monster. most of the business, about 80%, by some estimates, are here in the u.s., so there is a lot of room to grow, these companies th

carl icahn is out with his latest.eased stake at hertz how he plans to make changes at the rental car company. with central alive bankers. ."u are watching "in the loop we will be back right after this. ♪ >> welcome back. we are 30 minutes from the opening bell. you are watching "in the loop." futures are indicating that stocks will open higher on the heels of the jobless claims. yesterday0 close points of tie -- two its high. a familiar story out of sears. the struggling retailer controlled by eddie lampert fell. bank of america is expected to settle legal disputes with the number of states today and pay more than any other u.s. bank in history for its mortgage practices. $17 billion. does this mean that the mortgage crisis is really behind us? another day, another fine. >> it is the biggest one. they are paying significantly more than citigroup who paid $7 , who paidd jpmorgan $13 billion. bank of america has a lot of exposure to mortgages and mortgage bonds through its acquisition of countrywide financial in 2009, w

. >> coming up, he says it's time to put carl icahn on ice.out the wall street executive who challenge the activist investor. ♪ >> the ice bucket challenge has brought in millions of dollars of donations for als and now it is moving markets. have a look at this -- a spike in the shares of herbalife happened earlier this morning and here is what is happening -- this is unusual. jeffrey's ceo rich handler took the ice bucket challenge himself and laid down the gauntlet to none other than hedge fund billionaire carl icahn for getting down to business. icahn.allenge carl [indiscernible] >> the full body ice at the challenge. here is the response from carl icahn -- to rich handler, we will get back to shortly on the als challenge but right now, too busy working on a big deal with another investment banker. that is when the herbalife shares popped. >> you've got to love that. >> i love the fact that rich handler challenged carl icahn and i love the fact that carl icahn responded via twitter and i love the fact that some people reason to buya herbali

>> busy working on a big deal, and carl icahn tweets a jeffries ceo.he comments -- on herbalife and hertz. why every time carl icahn tweets, anything he is involved in, there you go, the stock is up 3.3%. [closing bell ringing] sometimes the correlations are a little nutty. dierdre: there are the bells. adam: bells ringing loud and clear on wall street. look how stocks are finishing. the dow right now, up 14 points. we'll settle in the green. s&p 500, however, it is looking if we're not going to be above 2,000. the russell 2000, for that matter is down two points. still positive for the year but just barely. aft the bell starts right now. dierdre: here is a break down of today's action. chuck self, i sectors chief investment officer. will tell us why he thinks u.s. equities have room to run. we can't wait to hear. jim bell, schaeffer's's research equity analyst. two picks for you to add to your portfolio. todd horowitz joining us from the pits of the cme. todd, what do you think? after yesterday's 2,000

i would say if you talk to carl icahn, we would love to get mr. levine side of the story, carl icahn would say howard levine is the epitome of what is wrong wi america. he thinks he owns the company when the shareholders on the company he was the ceo of a company his father created, so he has some sort of god-given right to run this place and he believes he is running it into the ground. he made an interesting point to me and we tweeted this out, i wrote a story about this today, he wanted them to sell to dollar general, right? instead he got a lower deal with dollar tree be at according to karl he did that because he could keep his job. what did he do to ensure keeping his job? there is a breakup fee in the dollar tree-family dollar deal of $300 million so it will cost shareholders $300 million for them to entertain what is a higher deal. >> i'm glad you got carl icahn to come out of his shell and say what is on his mind. melissa: you're welcome to come on with or without charlie. i am not sure i am a part of that. high-frequency trading to becom

[closing bell ringing] david: carl icahn announcing a stake in hertz. reason it is doing so well. liz: certainly coming up off the lows because it was just prostrate on the ground. bells ring on wall street. you heard them. look how the stocks are finishing up. nasdaq could not quite make a gain of it, down one point. russell too struggling. look at s&p 500, we do not make the all-time record close at least at the moment as numbers settle, 1987.9. we're at 1986.52 you can't see the screen because you're driving listening to siriusxm. welcome to "after the bell." we're starting right now. >> what a wild day. first we couldn't figure out what the fed did. we couldn't

billionaire investor carl icahn's fingerprints are all over this one.rlie gasparino told you about it first, we've got the latest. ferguson, the missouri governor calls out the national guard. but when the anger dies down, could high-tech body cameras for police officers transform u.s. law enforcement? and which companies are at the forefront of this new technology? we break it down for you. ♪ ♪ liz: and rise of the drones. unmanned aircraft seem to be everywhere, spending on drones could reach $100 billion over the next decade, but can companies like amazon rides above government -- rise above government red tape? our weeklong series kicks off, 3-d robotics colin given in a fox business exclusive. "countdown to the closing bell" takes flight right now. ♪ ♪ liz: good afternoon, everybody, i'm liz claman. the all-important final hour of trade, we often talk about merger monday, right? but today we should probably rename it megaequity monday. all three major indices, make it four, opened higher. none of them has looked back since. right now here's where w

great. >> carl icahn. >>> coming up, ten years since google's ipo. talking to two early innovators including the man at center of the youtube and android acquisitions. a bear on the desk. is golf the problem? pete and josh will dhuk out, next. but what if you could see more of what you wanted to know? with fidelity's new active trader pro investing platform, the information that's important to you is all in one place, so finding more insight is easier. it's your idea powered by active trader pro. another way fidelity gives you a more powerful investing experience. call our specialists today to get up and running. [ intercom ] drivers, to your marks. go! [ male announcer ] it's chaos out there. but the m-class sees in your blind spot... ♪ ...pulls you back into your lane... ♪ ...even brakes all by itself. it's almost like it couldn't crash... even if it tried. the 2015 m-class. see your authorized dealer for exceptional offers through mercedes-benz financial services. seedevelopers are allealer about speeds and feeds.s it's all about latency. it's all

nobody compares to carl icahn. funny to watch it come almost all the way back having been down multiple dollars try prior to the announcement. i really would be shocked if we didn't hear some kind of substantial proposal inside the next 30 days. the stock reflects that. >> big shout-out to mike murphy. yesterday, he bought on the dip. bought on that big dip hertz was taking yesterday. he's feeling pretty good about that. murph good job. >>> talk family dollar. rejecting dollar general's bid for the company citing antitrust concerns. something we on the network told you would likely happen. steph? >> the family dollar tree combination makes more sense for family dollar because the ceo keeps his job. incredible. and also they're going to, have less cost cuts under that scenario. so it's not a surprise. i do think dollar general comes back with a higher bid. i think they can get as much as 90 and i still like the dollar general on a pullback and would buy that one. >> doc, what's up with ebay? the information, right?

. >> he and carl icahn, carl is going to stick in the stock in a long position, he's one of the biggest shareholders. ackman is going to stick with the short position. he converted a pure short, you know, buying -- borrowing the shares, selling it, and replacing it. started buying puts. it's bouncing around the market. bill ackman has not returned the phone calls of fox business. liz: what? >> i can't believe it. liz: come on, bill. >> i can't believe ackman is not returning my phone calls. the speculation now is that there's a huge put option purchase to 2015 to 2016 put option purchase. as his other put options are expiring. he's not necessarily adding as his put options are expiring, which are supposed to expire soon, he's replacing that with this, and this is his way of staying in the game. the real question is a lot of people asking, including bob chapman, our bull on the stock. ackman has that much enthusiasm and conviction that the bears conviction on the stock, why isn't he doing a plain old short. liz: he's smart enough to protect himself. >> it's not like, we've been doing thi

thank you, carl icahn. >> how worried is walmart? or should it be worried?as a lot of issues right now, and they are trying to go for the smaller format. i think most analysts and investors see that as potential challenge to walmart. in certain neighborhoods, certain parts of the country -- but walmart has tons of other issues right now. you so townsend, thank much. what you going to do when you go back to your desk and look for another bid? >> yeah. earnings previous. >> get carl icahn on the phone. never a dull moment in the retail industry. unfortunately, it was not for ferguson. while you are sleeping, ferguson blew up. the national guard alden by governor jay nixon of missouri -- called in by governor jay nixon of missouri. our reporters in ferguson, missouri. as the sun rises across missouri, will the national guard be immediately present? >> that is a good question. that is what the governor said he would immediately deploy. it seems like they should be on their way and we will be seeing them here in missouri very soon. >> i know the reporters are gat

carl icahn, perhaps. >> and risk-reward, $35 going back to october 2012. >> pete, spotting some monsterivity in the housing space. >>> and the biggest movers and shakers of the day. that's next. i'm only in my 60's. i've got a nice long life ahead. big plans. so when i found out medicare doesn't pay all my medical expenses, i looked at my options. then i got a medicare supplement insurance plan. [ male announcer ] if you're eligible for medicare, you may know it only covers about 80% of your part b medical expenses. the rest is up to you. call now and find out about an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all standardized medicare supplement insurance plans, it helps pick up some of what medicare doesn't pay. and could save you in out-of-pocket medical costs. to me, relationships matter. i've been with my doctor for 12 years. now i know i'll be able to stick with him. [ male announcer ] with these types of plans, you'll be able to visit any doctor or hospital that accepts medicare patients. plus, there are no networks, and virtuall

. >> i have to bring up the elephant in the room, carl icahn of course. he is a holder in family dollar. he wanted dollar general to buy the company. it didn't work out. you got the feeling dollar general didn't make it off earlier because carl icahn was involved. where does this leave carl icahn in these negotiations? >> he is by and large out of the picture. yes sold off most of his holdings, from what i understand. the issue was the ceo of dollar general wanted to retire next year. he was trying to get out early next year. now that his hand has been forced the dollar tree jumping in, he has decided he will stay on for another year to keep the companies put together. >> one of the reasons it appears that dollar general decided to do this, or in the very least can do this, is that it is so much a better business that walmart is. walmart is doing something wrong, clearly. dollar general is doing something right. what is it that this company is doing right to generate the kind of numbers in terms of same-store sales growth, revenue tda margin and stock mar

so was carl icahn right about pay pell? ebay may make the advice and spin off the entertainment unit. plus, tesla stock has had a wild wild ride this year. someone says $300 bucks isn't far hievenld he'll explain why next. . >>> welcome back to "fast." game stop moving higher after posting better than expected earnings boosted by new game releases as well as strong sales of those new consoles. it's the power of the new console according to cfo from both microsoft and sony. tlirk guidance above street forecast. the stock currently moving higher here after hours by better than 7%. melissa. >> thank you, bertha coombs. guy adami. you aptly pointed out we discussed this stock how it would be a stock that outperforms. >> this was a very good quarter. you know, everybody thinks game stop is huge, it's not. it has a:30% shortage. everybody is convinced the business is going the way of the dodo bird, which it's not. i think you can chase this i think the stock goes higher from here. >> i think we would have seen the dodo bird from

now, the thing i'd caution investors about is, this is not carl icahn buying these options.his is most probably not any of the other activists mel could rattle off. in those people, they're buying over-the-counter options, rather than listed options. 99 times out of 100. however, some of the people that they buy those options from do indeed go into listed options and hedge some of their exposure. so certainly with the stock trading almost 17 million shares today, mel, average is seven, and the option volume four times normal, it's telling you something's going on in here. whether it's an activist getting involved or just at the street that believing that the stock, 25% under the 200-day moving average is cheap. it could be both. do doc. >> doc. >> we bought we them and took advantage of the pop in the front week. >> doc, how are you, buddy? do you make -- how much attention to you pay to the fact earlier today was trading i think 40-40 and $2 lower from there? do you still have the same degree of confidence now that the stock has pulled back as much as it has in the last cou

carl icahn is notably if one of them. vai one of the stocks that have been decimated for quite some time here and is also trading relatively cheap. then you have areas that are holding up reasonably well. everybody is fearful the refiners will start going down, really, their crack spread has held up nicely. so they're doing pretty well. >> so water the trade on the xle, itself. >> very simply, i'm going out and these quarterly puts expire at the end of the month about four bucks. those were $1 on the money earlier today. this is a way you can spend about 4% of the under lie to make bullish bet? >> i actually disagree, i think the moment item is broken. we had a 22% rise from the low in february. it just broke that uptrend in place here. to me it looks like you have a broken momentum six. quote to be long premium in a sector that momentum is weening. >> you were going to say something. meek. >> this is the reason we're trying to trade calls hereing even if it doesn't work out, you are not taking the risk of going out. >> t

seen unusual activity in a carl icahn pick. plus, atlantic city may be under pressure but sin city is doing just fine. jane wells joins us from the newest casino on the strip. and it's a line your parents used on you a thousand times, on all of us. but now science says they've got it all wrong. the details coming up in today's worst trade straight ahead on the half. with all the opinions about stocks out there, how do you know which ones to follow? the equity summary score consolidates the ratings of up to 10 independent research providers into a single score that's weighted based on how accurate they've been in the past. i'm howard spielberg of fidelity investments. the equity summary score is one more innovative reason serious investors are choosing fidelity. call or click to open your fidelity account today. you're driving along, having a perfectly nice day, when out of nowhere a pick-up truck slams into your brand new car. one second it wasn't there and the next second... boom! you've had your first accident. now you have t

in its settlement with carl icahn in april, icahn withdrew his proposal to separate paypal business.etter than 3.6%. >> very interesting. thanks, bertha. >>> joining us at post nine, former assistant treasury secretary, also managing director of the institute of financial finance. you'll remember from those greek debt negotiations. now executive vice chairman with partners group. good to see you. we want to ask you about bank of america. you come at it from an interesting angle having worked at the treasury and also representing the banks at the iif. is this justice, $17 billion? >> you know, it is a huge fine. mistakes were made, huge mistakes were made. the citizens should not be subjected to illegal or unethical conduct whether it comes to mortgage business or any other business. but a lot of this was done, as you know, before b of a acquired countrywide, before they acquired merrill. i think it is a great opportunity to turn the page, settle, move on and now allow banks to focus on what they can do to support their recovery. >> you do raise an interesting point, which is should b

despite that, maybe because of it, carl icahn has taken an 8.5% stake in the company according to a regulatory filing calling the stock under valued and that lifted shares from a big, big slump, still the stock finished lower by almost 4%. >>> a new report says americans are having more problems making their monthly car payments. and many of those making late payments or no payments have some of the lowest credit scores. it's the latest sign the surge in auto sales to people with subprime credit scores could be creating serious problems. phil lebeau has more. >> reporter: go to any showroom and dealers will tell you, business is booming. new and used auto sales are the strongest in eight years, one reason why, dealers are selling more cars and trucks to those with less than ideal credit scores. >> right now the subprime borrower is for the most part staying current on their automotive loans. we're seeing some increases in lateness but it's modest. >> reporter: experian auto says more subprime borrowers were a month or two late on the payments between april and june. at the same time, the numbe

the activist investor carl icahn has you may remember had been challenging ebay to make the move and ebay spokesperson says the company's position on paypal has not changed. ebay shares up 5%, $55.89 the close there. >>> wall street had the first chance to react to hp's earnings as you told you last night. the pc maker posed a surprise increase in the quarterly revenue and meg whitman says she's happy with the results. >> it was a milestone for the company. after three years we put up 1% revenue growth. it's better than the declines we've had. >> shares on a nice ride today up 5% or so to close at $37 on the button. >>> family dollar stores rejected dollar general's $9 billion acquisition offer saying it would be too hard to pass regulators and renewed support from an officer from dollar tree. dollar general says its reviewing the options. you need a score card for this. they believe it could resolve regulatory concerns. shares of all three of the dollars fell today as you see there. >>> the maker of turbo tax reporting a penny loss in the fourth quarter due to higher expenses. the s

and this is as the nobel prize winning economy robert schiller and carl icahn warning about bubbles, and robert rubin warning about excesses in the econo economy, and not saying where. alan greenspan warned against irrational exuberance and then the bubble crash ed and so peope hear this and they say, i could make a lot of money before it crashes. >> yes, and so people need to caveat it by it may be different. if you look at how the dow is up, and the s&p at record highs, and there is reason to understand why this bull market is looking mature, and the valuations are maybe getting stretched, but the problem is whether that is a bubble, because it is very, very debated issue. one thing that feels different, chris, you and i covered the other bubbles bursting. at the time, there was a private sector herd mn mentality and everybody running in, and nobody worry worried, but they ran for the exits at the same time. and this bubble is being driven by the central banks, and they are move ning to the exit, and waving the flag, and with the possibility of the excesses they are deflating witho

carl icahn is notably in one of them. one of the stocks absolutely decimated and trading cheap.verybody has been fearful that the refiners were going to start going down. but really, their spread has held up nicely. they're still doing well. >> so what is the trade on the xle itself? >> i mean, very simply, i'm just going out and taking a look at the quarterly 95, the ones that expire at the end of the month and spend about four bucks. xle was about $96. that was 1 dollar in the money already. this is a way you can spend about 4% of the underlying to make a bullish bet. >> do you agree with that trade, dan? >> i would probably look to spread it. but i disagree with the setup here. i think the momentum is broken. the xle had a 22% rise from the low in february. it just broke that uptrend that has been in place here. to me, it looks like you have a broken momentum situation. i don't really want to be long premium in a sector where i think the momentum is waning. >> okay. you were going to say something, mike. >> look, this is the reason we're trying to trade calls here, because th

what carl icahn suggested at web m.d.se just focus on being a media company and don't worry about all of these electronic health records and all this health care i.t. pretty simple statement given web m.d. is making the vast majority of revenue from their advertising. it took someone like carl to get involved to make those suggestions for the company to actually do that. now they are doing it and the stock is doing great. >> unfortunately, that is all he time we have -- >> why aren't venture caps suggesting the same kinds of things? i am a great believer in early-stage venture business. i believe we need a lot more of it. i think these companies ought to be thinking about these things. i think the key issue -- >> all right, bill. >> something that will build the company long-term. >> bill, that is all we have time for. thank you so much. harvard university professor of business management. and bo peabody. we will be right back. ♪ >> it is 56 minutes past the hour. bloomberg television is on the markets. take a look at fut

. >>> carl icahn taking a more than 6% stake in the second quarter.iling showed that he -- they beat him to the punch. apple has been one of its biggest holdings. liam cooperman took a stake of 1.3 million shares. apple and gannett both on screen for you now. >>> next, we head out to beijing for the latest as alibaba discovers suspicious accounting. we will hear pore about the details there. >>> stay with us. you're watching "worldwide exchange." hello, everybody. and that became our passion. to always build something better, airplanes that fly cleaner and farther on less fuel. that redefine comfort and connect the world like never before. after all, you can't turn dreams into airplanes unless your passion for innovation is nonstop. ♪ >>> hello, everybody. welcome back. i'm louisa bojesen. these are your headlines. coca-cola looking to jolt its earnings as it picks up ads 2 billion stake in monster beverage. >>> alibaba's ipo could be in for a bumpy ride as trading is sent into potential accounting irregular layerties. and european foreign ministers h

carl icahn has taken a 7% claim in gannett. >> i have something i have to talk about. been optioned for a classic price. this is unbelievable. geo went a 1962 ferrari for $38 million. that is a manga for said car. >> i'm waiting for it -- that is a magnificent car. >> i'm waiting for a picture of you writing -- riding in it. >> we do not know who the buyer was. nother one of these set the record last year for the highest private transaction. highest at athe public auction. isn't that magnificent? tom keene, that one could have been yours. i'm sorry you are prepping and could not put the bid in. >> he might have been the anonymous bidder. the nose? -- who knows? comfortable sitting here with gideon rose, the editor of "foreign affairs" magazine. what matters to dr. rose. the tumbled of the many elections of 2014, next, brazil. the presidential candidate eduardo campos died in a plane crash. i still can't get over how weak the brazilian economy is. >> it is actually fascinating. one of the most interesting things about these elections is that markets are now looking to p

another headline today having to do a carl icahn announcing that he is taking an 8.5% stake in hertz,ar rental company. announcing he may see representation on the board. by more details, i am joined jamie butters. he was not the only investor making headlines today was he? >> not at all. he came right in the middle of a lot of activity. started yesterday after the close when hertz said they were making a number of changes. they were changing the directors on the board. that birch the team tree and other investors are asking the board to replace the ceo. preferably with scott thompson, the ceo of dollar thrifty. then in the middle of that car pops up saying he will take a large stake and make company -- make changes. there is a lot going on there. >> we know the stock fell dramatically. what is wrong with the business? >> they have problems with accounting and business. on the business side they seem to have trouble managing the fleet. they went where risk fleet a few years ago. back in the day the automakers would sell cars to hertz and avis and would sell them back for more than wha

carl icahn has campaigned for the on kind marketplace to spin off its payment unit.ft plans to unveil windows 9 at the end of next month. it is to be named threshold. sparll remove the charm feature. charms bar. club will open its checkbook. soundcloud will open its checkbook. will speak atn 10:00 a.m. eastern time. she does so against the back drop of the grand teton's. also against a backdrop of chronic underperformance by the european economy. germany has a negative two-year yield. many europeans are underemployed and unemployed. alan ruskin is with deutsche bank. we discuss an unreal a real global economy. everything seems so tepid. can america ignore a europe's leading back? -- europe sliding back? >> unfortunately, it is not just europe. china has had a little bit of to and fro. brazil. i'm definitely still optimistic on the u.s. there is quite a bit of momentum. the u.s. economy is looking just fine. >> the uneven pace of global growth. are these crosscurrents going to be a factor in the fed decision? reluctance, willingness to move interest rates? >> i don't

carl icahn, uncle carl called it. when they engaged in the deal with family tree or dollar tree, dollar tree, they had $300 million breakup fee. that is what makes higher bid uneconomical. they screwed, they screwed shareholders by engaging in that dollar tree bid. >> i will say this literally on corner in florida. dollar tree on one corner and general dollar on one corner and dollar something else. three out of the four corners had one of these stores. melissa: three out of the four? >> three out of the four corners had one of these stores. if the two merge up, they are expecting to close 700 stores. >> how about their line that going with dollar general represents antitrust, is an antitrust? it sound absurd, doesn't it? >> so many small dollar tree type stores. 99-cent got taken over years ago. melissa: another story i really like. full victim's x-ray machines apparently not so good finding the naked truth. one high-tech scanner consistently failed to find weapons that were hidden on the body. so these researchers,

take a look here, icons, carl icahn, of course, looking to split up the company, the latest 13-d filing. as you can see, stock is moving after hours as you might expect. it's time for the final trade, let's go around the horn. >> tim. >> balloony fxc short. >> that would be the canadian? >> of course. bk. >> this isn't so looney i don't think. ewz had a weakness yesterday on the tragic death in brazil. i think you still own this one here. >> wow, that's interesting, karen. >> macy's, do not silt on earnings yesterday. i thought they were fine, a tiny bit disappointing, if you look at it versus jwn. it's very attractive. >> guy. >> it's fun, you know, it's good energy. >> thanks, kevin o'leary is a gentleman, right? >> he is. we are arguing different points, it's fun. >> you are right, grasshopper. >> "fast money" high. i think the rates are going low, a 52-week high basically 116 and change. i think that sucker is going to 2%. >> tlt totally long treasuries. >> look at you. >> i'm michelle caruso-cabrera. catch "fast money" tomorrow. don't move, though, "mad money" with jim cramer begin

carl icahn comes and forces them out. he goes and creates his own company, brings in the former ceo, and that company is now worth about $5 billion. >> so he is back. >> this is his third go round. >> that is amazing. we will see if there is someone in the back with a microphone that will help us out the people that want to ask questions and talk. is that you? with anyone in the audience care to join us? [inaudible question] >> are we picking that up? yes. it is fine. >> you are really need a microphone? >> you do for the recording. go ahead. it is working. you can speak up, to. >> there have been some concerns about well integrity. and, of course, we are all talking about fracking. the real concern when you talk about platform integrity is the cement. you want to speak, people don't really understand. it was all part of the drilling. >> absolutely. that is a great point. a lot of people think, well, that is going to cause cracks to run up and let some of the chemicals get into the offers. that is -- in modern shale well

ebay saw big gains yesterday after the paypal news, following a report of carl icahn and his campaignas encouraged ebay to do exactly that earlier this year. to see quite a push these split off from each other, ebay being one company and then another. >> and panasonic. >> yes, the chief technology officer from panasonic will be on. scoreboardstalling in sporting venues across the country. we will talk about the technology behind all of this. that is coming up at 3:00. >> all right, that is at the top of the hour. thank you. coming up, a u.s. court calls argentina's latest move to settle its debt illegal. we will look at what argentina plans to do next to settle its obligations. "bottom line" continues in just a moment. ♪ >> welcome back to "bottom line. take a look so we the most notable newsmakers from this past week on "bottom line." time went through a long were the consumer denied themselves indulgences. i think that with job security, they are spending a little bit more. that is a positive thing. this is really one of the first good seasons we are going into thishe shopping perio

. >> john donahoe has said over and over again, he battled it out publicly with carl icahn that thesees are staying together. and now, reportedly they are telling ceo candidates that they are going to spin it off? i don't get it. >> i don't think there's any way long-term that the company stay together. fundamentally the economics and logic of breaking them apart -- there's a reason paypal has missed every window. the stripes, the squares -- every level of innovation in the united states -- they will continue to miss as long as it is a subsidiary of ebay in san jose. paypal needs to have a different culture, different leadership, different approach. the best way to do that is to rebrand the entity and spin off ebay on the side when no one is paying attention. you get all the market credit right now if you just rebranded the company. >> part of the problem is that ebay is becoming a smaller part of paypal payments volume. would rebranding really make that big of a difference? >> it would. it would clarify the value proposition to the world. right now it feels like it is a subsidiary of

. >> john donahoe battled it out publicly with carl icahn that these companies are staying together.dly they are telling ceo candidates that they are going to spin it off. >> i don't think there's any way long-term the company stay together. there is a reason why paypal has missed every window. the stripes, the squares, every level of innovation in the united states, they have missed and they will continue to miss as long as this is a subsidiary of ebay. paypal needs to have a different leadership, culture, and approach. the best way to do that is to rebrand the entity. you get all the market credit right now if you just rebranded the company. >> part of the problem is that ebay, in terms of payment volume, is becoming a smaller part of paypal. would rebranding really make that big of a difference? >> it would. it would clarify the value proposition to the world. like it is afeels subsidiary of ebay. people still think of that internally. that is why they have missed all of the macro trends and innovation. they still think of themselves as hostage to the ebay marketplace, which is de

carl icahn has been calling for ebay to spin off paypal.ll watch and see what happens. ♪ welcome back to the second half-hour of "bottom line" on bloomberg television. i'm mark crumpton. thanks for staying with us. another challenge. higher down payment requirements. a recent report finds that while down payments for all homes are on the rise, the cheapest and most affordable homes saw about a 79% increase from 2007 to 2013. a professor of real estate and finance in philadelphia joins us this afternoon. professor, welcome back. good to see you again. >> a pleasure to be here. thank you. >> before we get into the first time homebuyers, there was news that bank of america settlement. bank of america agreeing to pay 17 billion dollars in that settlement with the u.s. government over the bank's role in the sale of mortgage-backed securities in the run-up to the financial crisis. can we draw a line from the effects of the mortgage misconduct outlined i the federal and state officials to the current struggles of first-time homebuyers and others t

carl icahn comes and forces them out. he goes and creates his own company, brings in the former ceo, and that company is now worth about $5 billion. >> so he is back. >> this is his third go round. >> that is amazing. we will see if there is someone in the back with a microphone that will help us out the people that want to ask questions and talk. is that you? with anyone in the audience care to join us? [inaudible question] >> are we picking that up? yes. it is fine. >> you are really need a microphone? >> you do for the recording. go ahead. it is working. you can speak up, to. >> there have been some concerns about well integrity. and, of course, we are all talking about fracking. the real concern when you talk about platform integrity is the cement. you want to speak, people don't really understand. it was all part of the drilling. >> absolutely. that is a great point. a lot of people think, well, that is going to cause cracks to run up and let some of the chemicals get into the offers. that is -- in modern shale well