i don't know what is going on but i think it is time for carl to check carl jr.'sack for pot. >>> we have to take a break. when we come back, president obama is on twitter and i forced my aunt chippy to sit down and watch last night's "game of thrones" and she hated it. so stick around. ♪ [ screaming ] rate suckers! [ bell dinging ] your car insurance goes up because of their bad driving. people try all sorts of ways to get rid of them. [ driver panting ] if you're sick of paying more than your fair share... [ screams ] get snapshot from progressive, and see just how much your good driving could save you. weyes you.u. to try ham, topped with pulled pork, topped with bacon. yep, we double dog dare ya to try the triple hog dare ya. with refill after refill of fries. they're free. only at applebee's. ...where you least expect it. schick hydro. now with shave oils, the hydrating gel works with skin guards to reduce friction, stroke after stroke. our best shave for your skin. schick hydro. free your skin. ifyou may be muddlingble withrough allergies.nger... try zyrtec®

the most american thick burger is coming to a hardy's or carl jr.'s new year.ger is an entire backyard barbecue crammed into a burger bun. a hot dog potato chip topped beef patti with cheese hits restaurants next week. it comes in at just over 1,000 calories and contains about 64 grams of fat. which sounds more a tiesing? the burger or would you like to spend time in that hotel out of legos? >> staying away from that burger for sure. i remember when they had the monster monster burger at hardie's. as a teenager you could try it but couldn't do it these days. >> it sounds interesting. a hot dog and hamburger and all that other stuff? >> we're back in 60 seconds with scary video of a police officer being dragged >>> a police body camera catches the terrifying moments an officer is dragged by a suspect's car. the georgia police officer approaches a car and asks the driver to remove the keys. take a look at what happens next. >> take the keys out. >> sir, first -- >> out of the car. >> sir, i'm calling my brother first. >> sir, out of the car. >> you can hear the d

i don't know what is going on but i think it is time for carl to check carl jr.'sk for pot. >>> we have to take a break. when we come back, president obama is on twitter and i forced my aunt chippy to sit down and watch last night's "game of thrones" and she hated it. so stick around. ♪ ♪ (sfx: people talking) e occupato questo posto? (sfx: kids talking) one hundred forty-four questions per day. bryce canyon is 29 minutes from your location. ♪ some drinks are hardly one strefreshing. [crash] i'll stick with redd's wicked apple. who wants a steve-a-colada? can't give these things away. redd's wicked apple and new mango. refreshingly hard. weyes you.u. to try ham, topped with pulled pork, topped with bacon. yep, we double dog dare ya to try the triple hog dare ya. with refill after refill of fries. they're free. only at applebee's. undisciplined overwaterer. she claims he's a cruel underwaterer. with miracle-gro moisture control potting mix, plants only get water when they need it. fight ended. or shifted? miracle-gro. life starts here. ♪ ♪ ♪ nothing will keep you fr

have a little trouble choosing between a burger around hot dog, no worries thanks to a new item on carl, jr.'sls it the most american thick burger. david: who is she? liz: includes, hamburger, hot dog split in two, american cheese and layer of potato chips. david: but who is she? liz: she is friend of brad hayley, chief marketing officer of brad hayley, said it is like two sandwiches in one and your side. carl's, jr. david: i don't think many people look at sandwich. liz: have a good night. gerri: hello, everyone, i'm gerri willis. this is "the willis report." we begin this hour with breaking news. latest developments on deadly amtrak derailment. ntsb, expected to announce new findings of their investigation any minute. we'll bring them to you live when it happens. meantime, eight now confirmed dead while the engineer claims to have no memory of the crash. with us former ntsb investigator alan deal, a former board member the ntsb john goal yaw. we'll start here with john. we're waiting for alan to get to the phone.

s attorney general carl racine says he disagrees and could file appear. the d.c.ice chief says she will comply with the ruling and stop requiring a reason for from applicants. the chief says about 100 people have applied for these kinds of permits and very few have been denied. >>> if you're planning to hit the road tomorrow to beat the memorial day weekend you might be in for a surprise. local transportation officials say thursday between 5:00 and 6:00 will be the busiest time on the roads. they looked at data for the last five years. consistently there has been more traffic on thursday than friday, remember this from the past coupling years, too. follow me on first 4 traffic on twitter. i'll tweet about traffic to and from the beach all weekend. >>> look at this tweet from the maryland transportation authority if you plan on crossing the bay bridge plan ahead. the best times to travel are tomorrow or friday before 10:00 a.m. or after 10:00 p.m. >>> hourly temperatures for the remainder of your wednesday, beautiful day to be outside. winds out of the west northwe

classes you look at how well s&p companies are doing, this is carl icahn's argument, if he would invest in the s&p, a lot of these companies are not superstars. if you actually look at fundamentals, look at the tech industry and the evaluation. think about shake shack, a restaurant that may be delicious, but a burger place with seven menu items. crazy town. they might sell chicken sound is now. tash chickens now -- chicken sandwiches now. numbers coming out in about 30 minutes we have also got home prices at 9:00 a.m. it is about what data you care about. erik: i am not sure durable goods are at the top of my list. i'm fascinated to see where we are in the home price recovery. stephanie: i want to see anyone taking down the $5 million house in l.a.. erik: a new york times report that general motors rejected sergio's discussing a merger. he has been outspoken since last year about the need for consolidation in the auto industry, for there to be global companies. kreisler, a big company and as far as he's concerned, not big enough. stephanie: of course. that is what you want, a big busine

s and p have hit intraday records. apple shares up 1% after billionaire investor carl icahn says he believes the company is undervalued. italy, france, and germany joining forces to develop a european drone project to reduce the dependence on american and israeli technology. defense ministers said they would cooperate on creating medium altitude long endurance drones for civilian and military operations to be in the air by 2025. there is a new ratings agency. moody's investors has launched a group to monitor european public sector debt including -- which is expected to grow rapidly. they will look at specific research and credit trend in several languages. samsung scored a small victory in its ongoing legal battle with apple. a u.s. appeals court agreed to south korean company illegally copied some features of the iphone but apple cannot claim damages for copying the overall appearance of the best-selling smartphone. that means a $930 million fine initially levied against samsung may be cut in half. laura: kate with the business news, thank you very much indeed. now it's time for the latest in special encounters from t

s in new york city. >>> the 2016 race couldn't get any tighter. there is no new name and a new poll. carl cameron reports there's no real p frontrunner. >> i announce i am a candidate for the republican nomination for president of the united states. >> the moderate republican george pataki calls himself a solutions guy after the september 11th attacks offers the leadership can reach new voters and grow the party. >> we need to say yes to the republican base but to independents conservative democrats. >> they show five rivals literally tied and barely breaking double digits. nine others entering the poll. at 5 percent donald trump said for months a major announcement is coming. two of the poll's 1 percenters south carolina lindsay graham and rick perry who is making his second white house run launch their campaign next week. on the day pataki made it official and the day after santorum made his announcement. rubio and rand paul trailing by 4 points each. >> bush walker louisiana governor bobby jindal are expected to enter the race in june or july. the biggest block at 20 percent is undecid

s&p add avancing and thank you carl icahn and apple. he tweets stock goes higher. hardly a day seems to go by without a deal of some sort a takeover because the ceos in this country are well aware of the over capacity problem in almost every single industry we follow. today for instance we learned that the publicly traded form of ann taylor will be gobbled up by aacina. gives a huge 21% premium will be marvelous for them because they need a higher end offering and it can save money immediately by merging the two entities. companies talking about taking $150 million in cost but i bet david jaffee will be able to do better but figuring out which stores are winners. that's a tough thing for ann's current management to do but expected now that asna is taking it over. that's what happened in acquisition. people are being frugal and some because of the internet taking share from brick and mortar stores. let's face it, we're over stored in this country given the lack of income, and population of savers, not spenders. this will take out access storms and help rationalize t

carl quintanilla is on assignment. sll-time high we achieved yesterday's session. early departures delayed today for many due to janet yellen speaking at 1:00 p.m. eastern. >> let's get to the road map. hp ceo meg whitman speaking inging out earlier on this show. >> one analyst making a bold call for the break-up of procter and gamble sooner than later. he'll join us live to exchange. >> co-chairman and founder of comscore will join us later. >>> shares of hewlett-packard up sharply after the company reported earnings after the bell yesterday that frankly were very much a mixed bag. revenue below what analysts had been anticipating. gap earnings share number -- nongaap number -- gaap number was below at 55 cents. all that being said stock up over 5%. perhaps as a result of the company outlining so-called dis-synergies that will take place as a result of the split of the company. and also the first time giving us some sense as to its cost savings and what it expects to be able to find on an annual basis, recurring annual

what i loved about tonight, guys, guyguy s -- mike, guys that we liked a lot, the race swings and carl edwards wins. what a surprise. >> the big story could anybody beat jimmie johnson or kevin harvick. we thought martin truex jr. who led 131 laps was going to be the guy but it ended up being carl edward and darian grubb with the strategy of running 62 laps on fuel. >> the nighttime was the right time. i used to put streamers in my bike, go home and listen to the race with my dad. did not understand the most solemn of holidays. tomorrow as you celebrate think of our servicemen and women who protect our hard fought freedoms around the globe every single day. let's join jamie little. >> what a night and what a comeback kyle for you. 600 miles after being away. first off, how do you feel? what's your mind saying? >> i feel fine. you know, everything was pretty good. real fortunate that i was able to come back this fast and get back to my race team. everyone at joe gibbs race team i appreciate them racing with me. it was fun to race here and run the 600 miles and run the whole thing. i can

chairman was harkening back to one of my predecessors, chairman carl vincent who insisted on putting down some big-hold shifts in the 1930's that ended up being aircraft carriers that won the battle of midway wlfment it's aircraft carriers or predator, which started out because of congress because of congress at that time resisting the program, sometimes we make different judgments and it turns out ok. so we kept the a-10, for example, because our judgment was if you have a platform that we just sent 12 more over to iraq for today's fighting, that pulling the plug on that probably didn't make a lot of sense. >> a lot of people looked at that as disingenuous because we also sent f-22 to fight isis in iraq and they were not designed for that purpose at all. so it looks like they're trying to justify their existence. >> it's absolutely true in a world the threats are changing as fast as they are now, sometimes you end up using platforms in ways or for purposes for which they were not designed. but we ought to ask that question when we're buying platforms, because i guarantee however much we think we know about the future, we'

carl icahn said paypal was being held back by its parent company 's look -- slower growing business.r american pharrell did not have its luck of the draw today -- american pharaoh. it's the favorite and has 15 races in a row, but the last time a horse won the preakness stakes from the number one post was in 1994. those are your top stories. hour, up in the next half the dangers of private air travel. bloomberg news looked at the aviation records to determine why jet accident are on the rise. avon'sare talking about $8 billion buyout deal that turned out to be a hoax. we will talk about what raised suspicion in the first place. nordstrom is reporting after the close today. plus keeping an eye on the s&p 500 possibly closing at a record. senator elizabeth war and has a new conservative counterpart in her crusade against wall street banks. senator david vitor of louisiana. the unlikely pair have joined forces onto bills in last week, the latest targeting the fed's emergency lending power. joining me now is someone in favor of this legislation, no surprise there. dennis kelleher, the ceo

s&p to a record, but it is not what buster here. it is really a slow, steady chain. alix: what about the fed rate hike? carl slipped off the table, and janet yellen may put the mail in the coffin of the june rate hike hoax when she speaks friday. july is a possibility. i think they can still sell donearkets on a one and rate increase. basically it is a coin toss for even september. alix: mike, are they nailing it in the market has to come down expectation? michael: everyone is waiting to see what the next big trend is. the dollar has weakened significantly. ates have gone back down little bit. talk about spending in the well-defined trading range for a while, it is peaking a little bit above that right now. alix: will we hit a new record? we are moments away from finding out. carl riccadonna, michael regan, thank you for joining me. coming up on "bloomberg market day," we could be looking at a new record on the s&p. we will discuss when we come back. ♪ and choose world choose, choose, choose. but at bedtime? ...why settle for this? enter sleep number... don't miss the memorial day special edition mattress w

s&p in the last five years. they are just a dominant dominant company. we we agree with carl icon this company is worth more than $200. >>> and your third choice is one whose companies has had good days and not so good and flattish days and that is google. >> yep. so i think google is an example of a coiled spring. a company that just dominates what they do and they have a lot of embedded options, shall we say, inside of the company that we think will be realized in the coming years. so they we technology is broadly the place to invest and we think it is more densive in -- defensive in a time where they will raise rates -- >> quickly, mark, why has google t felt the love? >> they ran very hard. kind of the previous six, 12 months. and i think stocks are cyclical and they kind of go in bits and starts and this needed a pause that refreshed and now it is ready to run again. >> mark. >> thanks very much. ha great weekend. >> morgan creek capital management. >> shares of aol spike on an earnings speed and that is where we begin the market focus. the company's quarterly focus was

carl icahn versus larry fink. last month, fink wrote to chief companies in the s&p 500, urging them to resist the pressure to buy backtock or raise cash dividends. this past weekend, carl icahn fireback -- fired back at larry fink. carl: the most important thing in the company is the ceo, by far. there is nothing close. i don't believe they should get 750 times what the average worker gets, but i don't begrudge them that money of the stock goes way up also because of a gets the stock up, let them have some good money. but look what you have. you have this club system and a lot of them feel they can do what they want because of guys like larry fink. erik: who will win this battle the man running the world's largest asset manager, or the grizzled critic? we are joined by foggy own. stephanie: thank you. i was not sure we were going to do today. erik: is it carl icahn or larry fink? guest: on larry's $4.6 trillion about $1 trillion or so is in passive etf's. we'll await you can perform, you cannot sell the dogs in any gf. you are stuck with them as much as you can't rely on for management to do a better job. and that ma

carl, thank you, jon. >> hugo barra, global vice president at xiaomi. >>> the dow is off 75 points, s&p down about 8.moving today, the deal we mentioned for a pure play chip maker, evago. buying broadcom. $30 million cash and stock. it sleeked out before the close yesterday. we'll have more on the deal later on. >>> coming coming, a lot more from the code conference in california. the ceo of twitter's periscope on the phenomenon of live streaming and the top executive at facebook, david marcus will join us on messaging, payments, competition at the social network. a look at google, their io conference, including what google's chief business officer hinted at last night in rancho palos verdes. there's more "squawk alley" straight ahead. just because i'm away from my desk doesn't mean i'm not working. comcast business understands that. their wifi isn't just fast near the router. it's fast in the break room. fast in the conference room. fast in tom's office. fast in other tom's office. fast in the foyer [pronounced foy-yer] or is it foyer [pronounced foy-yay]? fast in the hallway. i feel like i've been

s&p 500 hitting new lifetime highs. both currently on track for record closes. uncle carl writing an open letter to tim cook. icahn holding strong that apple remains undervalued saying the stock is worth $240 a share. that is almost double the current price. the letter also calling for apple to increase its share buyback program. oil prices dipping as crude exports, from saudi arabia hit a nine-year high. traders worried about a glut of supplies flooding market there. bad news for motorists heading into memorial day weekend. gas prices are up 11% from a month ago. the national average for unleaded is now $271 a gallon. >>> airplanes could be vulnerable to hackers. the fbi is investigating claims made by a computer expert, chris roberts. he says he has compromised up to 20 commericals flights. roberts recently appeared on "varney & company" discussing danger posed to flyers and if airlines are taking the threat seriously. >> i would argue that they're downplaying the risks. we offered to sit down with boeing and airbus on numerous occasions. we offered to sit down to spend time with them. melissa: wow. here i

writing credit and when i saw the show, it seemed more like a tribute to carl sagan who i love and it didn't have kneels humor -- neil 'skumar. i think they're wonderful role models coming up and put pressure on your politicians. they feel it and they will listen. i am a scientist at nasa and i will respond to your e-mails in the morning. why am i responding to that one person with there are thousands of people who might have a similar question? they got to me. they sent me an e-mail. [applause] >> this has been a panel. what -- an excellent panel. my only regret is there is not a science denier on the panel because i love to hear what they had to say. a lot of what you have said has gone to religious faith and its effect on science denial but i think there is another cynical component to it. i saw a trailerr the other day called merchants of doubt that talks about how people are paid to cynically planted out in our minds about all of these things be it cigarettes or automobile safety or flightsafety or climate change. i would like to hear you address that a little bit. >> that is integrity denial. there are always goin

carl icahn's action with the casino. the union blames the billionaire inestvestors using the pay cuts to strip them of their health insurance. >>> at 5:16 this morning, nbc10's "first alert" reporter jessica boyington is watching the roads out there. it's a little early. i'm guessing as people get up and get going to work they'll have some problems. >> yeah we've seen a few issues out there let's see if they're hanging around jessica. >> some things are hanging around. on the vine street expressway, around 24th street you can see no real volume. towards the schuylkill expressway no problems. drive times under five minutes headed eastbound towards 95 as well. and we're watching an accident scene, though in lower merion on remington road. take west wynnewood road or city avenue to get by that scene. montgomery county driving around on 422 the drive time doing okay. eight minutes headed eastbound up towards the schuylkill expressway. still a disabled vehicle on the westbound side. on the off-ramp. we're going to check in on new jersey coming up. >> announcer: now your nbc10 "first alert" weather with meteorologist bill henley. >> dry right now, but if you're he

carl quintanilla and david faber are both off today. all-time record high on the st 58.73. >>> breaking news now on consumer sentiment. to chicago and rick santelli. >> good morning, this is an interesting number and i just want to double-check the decimal, it looks like it's 88.6. the reason this is so fascinating, first of all, it's a may preliminary, we'll compare to all of the final numbers. our april fine was 88.6. january was the best of january '06. definitely another miss. lot of data misses. markets are acting accordingly. we see rates coming back off a little bit. we'll continue to monitor. sarah eisen, back the you. >> thank you very much rick santelli, disappointing read on consumer sentiment. a look at the stock market. we're still off the record high on the s&p 500. the dow down about 19 points. let's bring in the ubs director art, it looked like we were going to get a breakout record close yesterday, what happened? >> the light data is helping to some degree. the yield is down 2 .2%. you had that treasury refunding this week. the big supplies is out o

writing credit and when i saw the show, it seemed more like a tribute to carl sagan who i love and it didn't have kneels humor -- neil 'skumar. i think they're wonderful role models coming up and put pressure on your politicians. they feel it and they will listen. i am a scientist at nasa and i will respond to your e-mails in the morning. why am i responding to that one person with there are thousands of people who might have a similar question? they got to me. they sent me an e-mail. [applause] >> this has been a panel. what -- an excellent panel. my only regret is there is not a science denier on the panel because i love to hear what they had to say. a lot of what you have said has gone to religious faith and its effect on science denial but i think there is another cynical component to it. i saw a trailerr the other day called merchants of doubt that talks about how people are paid to cynically planted out in our minds about all of these things be it cigarettes or automobile safety or flightsafety or climate change. i would like to hear you address that a little bit. >> that is integrity denial. there are always goin

s. so when i would call and told them who i was, they would remember. so, one day, this was president's day, carl sandburg came to the white house for tea on lincoln's birthday. so, we have this tea party in the lincoln bedroom and my mother was very, very excited and impressed. i was studying american history, so i immediately went and got my text book and asked him if he would sign -- [laughter] lynda: some palm of his and take it back to school, of course, and hopefully get a a in the course. anyway mother, in the lincoln bedroom, at least in our day and i hope that you all are going to change it -- [laughter] lynda: that's one thing about being there, we all -- i can't speak bring one else, but we thought, it was our house. where did they put that portrait that we put over there? that kind of thing. we went i and there and on the desk is a copy of the gettysburg address. and this was written out by ibrahim lincoln -- abraham lincoln to benefit -- even then there were doing those things where they sold autographs. and this was going to be to benefit the baltimore sanitary fair, which was an ea

carl icahn reveals something he shouldn't have. plus walmart tanking, could it be good news for stocks? but first to the news of the night. yahoo!'s stock tanking into the close on fears that investors could be hut hit with a massive tax bill. dom chu has more. >> it's a tax implication here. we don't know exactly what it will be, but this is a bloomberg report and story saying the irs may be looking at changing some of the rules and regulations that go into spinning off parts of the company. yahoo! hold as very large stake in ali baba and that stake will be spun off eventually or the plan is to be spun off into its own separate publicly traded company. now, what the irs has concerns about with regard to the report is that they are also going to lump in a smaller ancillary legacy business into that company with all of the appreciated shares and whether or not that should be taxed a different way. so this is very much about the irs and whether or not a certain company can just be lumped in with a certain group of other assets that have really nothing to do with it and how that may or may not complicate an eventual spin off of the c

s&p adds six to finish at another record as well. the nasdaq is up by 30 points. apple ended higher after billionaire investor carlhn said the value of the stock at $240 a share. he also called on the company to buy more stock back. and home builder sentiment fell this month in what's typically a busy time for the real estate market. economists were expecting more optimism to improve sales. that's it from cnbc, first in business worldwide. i am totally blind. and sometimes i struggle to sleep at night, and stay awake during the day. this is called non-24. learn more by calling 844-824-2424. or visit your24info.com. ♪ the new, twenty-fifteen ford focus believes in "more." more to see. more to feel. ♪ more to make things really, really... ...interesting. see your local ford dealer today for great lease offers on the new 2015 ford focus. or visit ford.com put your hand over your heart. is it beating? good! then my nutrition heart health mix is for you. it's a wholesome blend of peanuts, pecans and other delicious nuts specially mixed for people with hearts. i said people with hearts. because hearts health is importan

s&p case-shiller index of prices in on the yearp 5% ending in march. where is the demand coming from? does the fed trust the data? with me now is bloomberg intelligence economist carl with us is fund manager steve brown of american century real estate fund. carl, i will start with the economist. what's happening? where are we getting the new households? a slow pace of home sales. a reflection of an ongoing recovery in the labor market. betty: we are talking what -- from what? carl: relative to where we were prior to the housing bubble inflating. slow relative to prior -- a number of prior cycles. the inventory of newly built ing theor sale, barrrin recovery in the last few years, we are the lowest going back to the late 1960's and early 1970's when the population was smaller. builders have not kept up with demand and we are facing an economy that has nearly normalized and there is a housing shortage. we saw it last friday in the rent data, cpi index. we see it in the continued pace of home price appreciation. demand is there, supply is not. good news for builders and that explains why builder sentiment is at healthy levels. betty: weren't we seeing at the peak new

i'm carl quintanilla with james cramer and david faber at new york stock exchange. stocks going for their gain in a row today. something the s&p has not done since january. we got earnings from home depot, walmart, qe accelerator, oil settling back below $60, but ten year close to the highs of the year. housing starts are a nice up side surprise. walmart missing expectations. depot beat and raises guidance. >> one speciality retail down dramatically, urban out fitters coming in below us. that's the major culprit online business expenses. >> despite carl icahn wishes, the dream of an apple television is reportedly dead. u.s. comps below consensus. ceo says they need to get better consistently running great stores. home depot beat expectations. citing a more normal spring across much of the country and continued recovery of the u.s. housing market. depot raising their full-year guidance to stronger than expected start to the year. they are saying. with starts surprising today, people are saying maybe it was weather after all. >> i have to tell you i think there is a shift going on in the country. i had athena on last night. th

s&p 500 had been previously bon a psychologically important 2100 level. a couple points below that, but still in the green by about 12 points as we kick off carl the first tradingy. >> all right. when we come back, forget billion dollar valuations, our next guest company now worth $5 billion and counting, we'll tell you who it is. plus interest in the apple watch is tepid, according to ubs. and spotify set to announce a new round of funding this morning. kayla has details on that and the dow sup 115. on this friday. 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. my name is jamir dixon and i'm a locafor pg&e.rk fieldman i protect people. i protect our community. i protect our environment. when you call 811 i come out to your house and i come up to your dig site and i mark our gas lines and our electric lines to make sure you don't hit the

carl quintanilla with jim cramer and david faber. charter buying time warner cable. futures in the red as the dollar strengthens this morning. s&p kay shiller oil prices out. vice chair fisher on the tape again today. charter communications buying time warner cable in a deal valued more than $78 billion. we'll talk to the ceo tom rutledge first on cnbc. >> general motors the deal that never was and criminal charges that reportedly still could be. >> twitter reportedly engaged in talks to acquire flip board at a $1 billion valuation. >> first up charter communications striking a deal to buy time warner cable for $195.71 a share in cash and stock will be more than that with charter stock going up. it does consist of more than $100 a share. you can get $115. rest will come in shares of charter. $78 billion. roughly $56 billion when you don't include debt. it comes after nbc's parent company comcast was forced to walk away last month from its $45 billion deal to buy time warner cable worth about $160 at the time given regulatory impediments of great significance. stay tuned for a live interrue with tom rutledge. he will be the cha

it just a day after carl icahn talking about the value of activism kind of taking a jab at larry fink, it will be interesting to get very resins point of view. barry rosenstein;'s's herbalife earnings are out. will he talk about that at all? stephanie: bill ackman will never miss an opportunity to beat that drum, and so he will definitely cover herbalife, but what else he will present, we don't know. betty: what else could he say about herbalife that he has not already dead? -- already said? thank you, stephanie. it's all starting at 1 p.m. eastern time right here. still to come from a very -- an end to a very long road for cisco's john chambers. after 20 years he's stepping down as ceo. ♪ betty: back to some news that broke earlier this morning, the ceo of cisco, john chambers, is stepping down. jack robbins will take over on july 26. -- chuck robbins will take over on july 26. i want to get more this morning from cory johnson our "bloomberg west" editor at large, who i didn't know is actually here in new york. cory: i didn't know either. but here i am. betty: cisco announces, and you show up. cory: yes. john chambers said in 2012, i'm going to retire sometime s

carl icahn reveals something he shouldn't have. plus walmart tanking, could it be good news for stocks? but first to the news of the night. yahoo!'sinvestors could be hut hit with a massive tax bill. dom chu has more. >> it's a tax implication here. we don't know exactly what it will be but this is a bloomberg report and story saying the

s&p. and another high for netflix touching $619 earlier. we're off a few bucks from that intraday high for netflix. and check shares of apple billionaire investor carl much higher, sending an open letter to apple. he thinks that the stock is worth $240. so it's way above what price it's trading on right now. >>> are the clintons dead broke as they suggested? far from it. since january of 2014 the clintons have pulled in more than $25 million just from speeches. former clinton adviser doug schoen joined us last hour, and listen to what he had to say. >> you know what? this is an ex-president and an ex-secretary of state, and to get an average of what i think is $250,000 a speech, my response to that tom, is, so what? tom: yeah, so what and his argument was it's capitalism for heaven sakes. later this hour, brent bozell will weigh in. the issue, how abc's george stephanopoulos, why he's getting a pass after failing to disclose his donations to the clinton foundation. that's coming up. and tomorrow peter schweitzer, author of "clinton cash," he was grilled by stephanopoulos before we knew all about george's donations. you don't want to miss what he has

carl quintanilla is on assignment today. let's look at futures and look at the open on the street. dow after that jobs report looks like it will open by 190 points or thereabouts. the s&p 500, nasdaq with a strong open. at least that's how it looks now. we'll talk about approaching those record highs yet again after what we are seeing in the markets this morning. look at crude oil. that is a big story as we've been following. it got back over $60, $62 or so this week. falling back. it's a gain today. just hanging out under $60 a barrel. that's the june contract for wti. all the focus over the last week at least has been on the movement in the 10-year note yield. there it is at 2.14%. our road map starts with that jobs number. pushing stocks higher. unemployment rate hitting a seven-year low. mcdonald's sales declined globally in april. kale, the hamburglar james franco, it continues. rejection in the uk not just for the liberal democrats. rejecting a $45 billion takeover offer from monsanto. >>> the jobs report. the labor department says april nonfarm payrolls received a lift from the services sector offsetting weakness in mining. march payrolls were revised lower to

what are carl icahn's intentions and what does it signal about the prospects for these two in the markets? >> exactly. >> the dow, we'll start with the blue chips there, up about 3 points. the s&p roughly flat. remember yesterday with the close of 2121. that was a new all-time high for the index. the dow is still 30 points away from where it needs to be. >> 18,288 is the number we need to keep an eye out for. >> 33 points shy at the moment. the nasdaq slightly under pressure and still has a few points to go as well if it wants a new high water mark. >> this is the third friday of the month, therefore, it is expiration day as well. we could get volatility as we head toward the close of trade. let's talk about a lot of things in our "closing bell" exchange. joining us, peter anderson from congress wealth management here at the new york stock exchange. mike balkan and rick santelli is in chicago as well. volatility has been mostly peter, in the treasury markets. i mean you know tremendous increase on the long end of the curve there. what do you make of that? that's what we've been talking a lot about this week. what does that do to the equity market do you think? >> i love frida