mr. hancock as ceo. comes out with a statement not really addressing icahn but says the company plans to take additional actions to excel rat accelerate its previous action. the expectation that mr. icahn can act by written consent, yes, you can act by written consent to add new directors. he did say may include one director, clearly targeting hancock who has said we won't split the company up because the sum of the parts and the tax benefits we get from being together is greater than if we actually split the company. get ratings from each of the insurance agencies which would be lower and cost on the tax front. >> that word tax comes up a lot. it does. >> extraordinary. >> an important component of the capital structure of many businesses. >>> up next a rough couple of weeks for retail. can a strong holiday week rescue the sector? sure, tv has evolved over the years. it's gotten squarer. brighter. bigger. thinner. even curvier. but what's next? for all binge watchers. movie geeks. sports freaks. x1 from

mr. hancock has says they will. both icahn and paulson seem to be pushing in that direction. addition to a split, he will be meeting with mr. icahn, sarah, on thursday. >> not over dinner. >> not over dinner. at mr. icahn's midtown offices apparently. much later in the day. >> it was a weak -- why was it such a weak quarter? they're going to go up against activists, it's hard to put out numbers like this. >> they sited market volatility, generally, had simply means they did not get the return on their investment portfolio they were looking for. >> they promised cost cuts. >> they did. big numbers, simon, given their base. >> when we come back, ibm ceo jimmy at the conference. "squawk alley" up next. (patrick 1) how about a 10% raise? (patrick 2) how about 20? (patrick 1) how about done? (patrick 2) that's the kind of control i like... ...and that's what they give me at national car rental. i can choose any car in the aisle i want- without having to ask anyone. who better to be the boss of you... (patrick 1)than me. i mean, you...us. (vo) go national. go like a pro. >>> good m

mr. hancock's, the ceo. they make the case it is not -- it is not a good idea to break up the company.aulson also in there arguing for same in terms of breaking it apart. so, shrink to grow for aig is what some activists say. we'll see if that advances. >> they've done a lot of work on it. i question it. i felt hancock has done a decent job. >> yeah. >> sometimes it doesn't matter. >> valeant is down a little bit. >> really? >> yeah. >> on the news of mr. ackman's stake. >> someone else buying. >> i don't know. 86. it has moved up dramatically from the lows of 70 bucks a week ago. >> if you notice, the semiconductors deeply -- nxpi, okay? doing some shrink to grow here. >> yeah. apple's making a small move. >> yes. let's watch skyworks. as david mentioned, they didn't get the pmc. the stock is going up. they announced a buyback. this company has been down as if it's done. it's done. they are such a smart company. let's watch them. >> we'll keep an eye on apple, suddenly joining the growing list of dow components in the green. >> wow. >> "journal" has a take on yahoo! arguing that -- we

mr. hancock yesterday from aig saying hedge funds hurt him.edge funds are trying to game what should be long what should be short. with the economy weak, they went into healthcare, that was a mistake. healthcare got attacked by the democrats with china falling apart, they went negative on the internationals. the shenzhen bottomed. i don't remember a single member of the intellincia say they would bottom. i think we will find there were big prosecutions of shorts, very big prosecutions of people selling stock. >> taking guys to jail. >> star chambers. you can rig a market. glencore last night reported a good quarter. on august 25th, i thought they were going belly up. they had $2 billion that doesn't mean they were out of the woods. they are up 70% from the bottom. >> we were concerned about brazil. doesn't mean we still won't be concerned, but the real has been stronger. there's any number of things, and the chinese market. i wonder whether regulating a market and the way they do it in china is going to result down the road in something not pa

mr. hancock very briefly and he seems like a nice enough guy so i look forward to talking to him and i don'tt now. you are getting going. you are getting the going and i don't want to do it. maria: you have a 2% stake in aig? >> i will not tell you how much but it is a lot. maria: let me get your take. you have that proxy in your pocket if you want to use it. how far do you take this? what if they decide the stock has done well, the government made money on this, we will keep going? >> i don't want to say what i'm going to do on this phone call but you to judge from my past history. i am not a shrinking violet. you can judge that is not going to end here. maria: i like when you use the teddy roosevelt quote. i have been reading that a lot. speaks softly but carry a big stick. >> kerri and uzi instead of a big stick. maria: how long -- of this is not done by the end of the year? >> the end of which you? maria: 2015. >> you don't have much time in 2015 to make a decision. i hope they will. it has always been peace or war. i hope they listen, most of them say something should be done. something