talk of starwood being up for grabs or you and starwood merging? what is your view on that? never comment on market rumors, as you know. what is interesting about the industry is that we have 5% of the world's hotel rooms, 13% of the future pipeline. he had an enormous amount of growth in the business. we continue to open more hotels than we ever have. there is lot of opportunities as an independent business. rishaad: richard solomon, thank you for joining us. chief executive of intercontinental hotels group. india havehina and praised warming ties during a meeting. it was a rare occasion of hosting a foreign leader outside beijing. china sees india as a market for a range of products. aim is toster modi's attract investment. malaysia has turned away a second boat of a silent seeker's. -- asylum seekers. adriftds are feared left , denied entry by malaysia and indonesia. capitaln new zealand's are being warned there is more bad weather on the way. died when his car was emerged in rising waters. highways were closed, and train service was shut down. further north, a mini torna

starwood hotels and resorts.ng up a lot of hotels around the world. >> absolutely. cheryl: then hilton as well. hilton worldwide. >> those are us names that we find to be attractive here. i mean, i think colony x is an extremely well-known well-managed company that has recently internalized a private equity arm. (?) and a management division. the growth in assets in that company looks to be very strong catalyst. as with the sell of the private home division. the hotel division -- the hotel sector globally is interesting because usually one of the first sectors that moves in any market. its rent duration is one night. cheryl: we're seeing a change in the guard. the leadership of starwood. that will be interesting as well. coming occupant close. joel, thank you very much for the tip. appreciate it. my favorite story. all right, closing bell. one biotech company making huge strides to repair and grow human nerves. you know, when your nerves are shot? that happens to a lot of people. we'll talk to the ceo of xogen. m

i think airbnb has created more hotel rooms without building a single hotel than starwood and hiltone combined. they are sharing economy. uber. the core competencies that are alien to the industry, they can come in and disrupt you. companies feel that they need to be able to respond to that. they need resilience. put together not enough demand and not enough clarity on the operating environment. and feeling they have been disrupted from another world the problem is that the shareholders say, wait a minute. give it back to me. you see activists that involved. do some defensive m&a. companies are finding it very hard. on the other hand, tremendous pressure to spend it the wrong way. charlie: is it a bad thing or good thing? >> on average, they are good. on average, it's good. it does not mean that every activist is good. but you need someone to remind the co and the board -- because they can be co-opted. they think you are active. we will have this cognitive diversity. charlie: when you left, what did you want to do? >> i want to do what i'm doing now. when i made the decision to leave

airbnb has created more hotel rooms without building a single hotel than starwood and hilton have combinedarlie: the sharing economy. mohamed: uber disrupted. they take core companies alien to the industry and disruptive. companies feel like they need to be able to respond. they do not know what is going to hit them. put together not enough demand, not enough clarity on the environment, plus a feeling they can be disrupted, and they become less interested. the problem is, shareholder say give the cash back to me. you see shareholders -- activists get involved. companies are planning it very hard. they do not want to spend cash but are under tremendous pressure. charlie: our active is a good or bad thing? mohamed: on the whole, i think they are good. on average, it is good. it does not mean every activist is good. but you need someone to remind a ceo and the board, because they can be co-opted. there is a notion of active inertia. you think you are active, but you are doing more the same. it is good to have an outsider a cognitive diversity from the outside. charlie: when you left pimco, wh

air b& b has create more hotel rooms without building a hotel than starwood and the hilton combined. uber, they take competencies alien to the industry, and come in and drupt disrupt you. companies feel they need to be able to respond to that. put together not enough demand, not even clarity on the operating budget. the problem is that the the shareholder say, wait a minute, if you're going to keep that cash give it back to me." and we're seeing activists get involved and they go in and they're leasing it buy-back moarm shares so companies are finding it very hard. on the one hand they tonight want to spend their cash. are stockholders a bad thing or a good thing? >> i think on average they are. >> mary: what carla icahn is doing is good? >> it's good but i think you need someone to remind the the c.e.o. and the board. they can be cooperated-- there's a notion of active inertia. you think you've acted bit basically you're doing more and more of the same and you don't see because you tank you're. >> rose: when i left pemco what, did you want to do? >> i wanted to do what i'm doing now

. >> you won't rest until there is a shake shack -- starwood? >> marriott. have you seen marriott lately? >> no. >> art created a lot of wealth. vacations, that time share business. marriott is an inspiration how much you can make if you are a great manager. he comes on tv and is a well spoken guy. we don't talk about marriott enough how good they are. >> with the exception of ebola, it's almost a straight line. >> interesting you mentioned the rcl. those stocks got hit by the ebola scare. if you look at the charts, that was their last buying opportunity in the 21 day people period where you were waiting for the incubation period. fantastic buyback. they are opportunistic. so was apple. i wish icahn gave them more credit. >> we are getting breaking news. i want to get to dom chu. >> this is from the department of justice. six people have been arrested including chinese nationals and professors, among six defendants with what the doj call espionage espionage. they have alleged to have stolen valuable technology from two avago technologies and sky work solutio

i tell the guys, if you put shake shack in all the starwood properties, if you put a shake shack in a hyatt, for room service? >> you said that on the day of the ipo. >> this is why you can't short the company. 47% of the short. >> i here a viewer saying you are going to run right into in-and-out neighborhood is that your plan? >> you'll get some traffic. this was a beautiful conference call for a small cap company. >> how about jack? 60 cents. misses the estimate. comps up 8.9. >> i think jack is great. the stock has come down a lot. this is an undervalued story. i'm going to do something my nephew and head writer sent me an e-mail and said you've got to do a piece about shake shack versus jack. shack and jack. oh, my -- why don't you come on tonight? >> nice dividend hike from 20 cents to 30 cents. >> jack has great momentum. chipotle hates me to use it in the same sentence with codova. i think they are doing very well. one is organic and natural if you had the burrito -- it's an unstoppable burrito. >> there might be consumers who couldn't get a carnita and couldn't get it. >> reme

but i'm thinking avon starwood all of these companies that are evaluating strategic alternatives.kes you wonder if they believe their stock market valuation is high if they believe the market for competition is too high or if they just think that there will be buyers who are willing to go to the bond market and borrow. >> i think this many years into an economic recovery this many years into a very very strong and lubricated capital markets, it is the time to strike. if you think that it's not going to get any cheaper, other companies have an appetite now in terms of acquirers, i think that might tell you why. it is kind of that moment it is maybe a now or never moment. >> whether people anticipate that mortgage rates are going to go higher, that's when they start to buy or sell a home. >> here's the fedwhat's happening with m and a. >> people saying should i put my house on the market or not or should i buy or not, the definitive movement in rates -- i will point out, i am not in the apocalypse now camp whether it comes to interest rates. they hit this 220,000 range, which by the