he bought out the state-owned company. he's also trying to launch a new fashion label to highlight the appeal of mongolian cashmere to consumers around the world. >> translator: i'm aiming to develop a mongolian cashmere brand recognized by consumers across the globe that will sell in larger quantities. at the moment, i believe that italian brands produce the finest cashmere products in the world. i aspire to create a brand that will be able to compete in the future. >> the name of the first ever in-house gobi brand is the organic. under this new strategy, the company is aiming to win over high-end customers. a mainstay of the new brand is its line of coats. by 2020, gobi's goal is to 100,000 cashmere koetsz every year. in fact their catch phrase is from goat to coat. ♪ today the company is holding a meeting dealing with brand development. sales staff responsible for overseas markets such as china and japan give their opinions on appropriate inclusions to the product portfolio. >> translator: the major characteristic of the

how is playing out the companies -- playing into the dynamic of companies listing in the last half of guest: if you look get the one one thing the ipo needs, it is critical because as you are recruiting talent, you need to put real value in your equity by provide the liquidity for your employees. a lot of companies are looking to do that this fall through ipos others are working through , the nasdaq private market to find liquidity. we have had a record year as well. emily: are you excited about the private funding side as well? guest: guest: there has been a pullback in terms of expectations. those fundings will come with different liquidation preferences in terms. everything converts to common and there's a level playing deal. and talking about the tech companies, because that is your bread and butter, what do you see in the pipeline for the rest of the year? guest: we are excited to see companies go out and start exploring the public market. if you look at our win rate, we have run 80% of the tech deals that have come to market. we are looking to continue that through the fall. emi

the last company was bought by amazon. ds better than most people what the competition is like out there, but he has developed a concept that i think is, and the idea of being able to buy with other people and get great deals are the result -- deals at a result, they might be able to build a stunningly business around that. emily: you worked at aol for a long time. what do you think of verizon buying them? i think it is a great opportunity. i think scale matters in this world, and with yahoo! and aol combined, it is a mobile media behemoth, and i think a lot of the customers that aol deals with on a regular basis are excited about having a third option in the world, so i think it is great. emily: as someone who ran brands there for a long time, do you think the yahoo! brand can be revitalized? can it have the cachet it once had? yahoo!ink less about the brand overall, but yahoo! has brands that have massive , and huge consumer love, whether it is yahoo! sports, oryahoo! tumbler, and i think that is really the way that aol h

this is the product to get his company backed on track. nkedin out in the first major out with their first major product line since the deal with microsoft. we hear from jeff weiner in an exclusive interview. a flurry of reports this week attempting to look under the hood of apple's secretive car plans. people familiar with the matter say the iphone maker is seeking a strategic stake in mclaren, a british luxury car brand, known for formula one racing and sports cars starting at $200,000. the financial times reporting that apple may want to buy the company outright which would likely be the biggest acquisition since the $3 billion by of beat. mclaren denied they are talking to apple and the ceo said i can -- told us "i can confirm that mclaren is not in discussion with apple about any potential investment." we also learned apple is on type to drive lit motors and a bmw and audi are also in hot pursuit. remember, all of this is a secret, apple never acknowledged the existence of car plans, the so-called project titan. we caught up with auto

i know -- transform the company. twilio's got a $5.2 billion market cap. >> look, i don't like the rest of vonage. there have been three upgrades in the last four weeks. it is working, but i don't want to go overboard because like i said, the rest of the company is in decline even though the next company it looks like because that would on too promotional. dottie in. >> caller: hi, jim, i've been watching intersil corporation and wonder if it's peaked or it's a good buy? >> no. it's done. it's a great gain. you take that money and you go put it in nxpi, my charitable trust owns that. or nvidia, and i think -- or broadcom. they're all better. all that bad. it worked with sprint and t-mobile and with timeless content, rock solid leadership, and a big-time balance sheet, i think it works for disney too. and that's now a contrary position. much more on "mad" tonight. allergan. i'm talking with the company ceo's to give his take on the prospects. stock's been down and out. then while you weren't looking, a company with tec

some of the most valuable companies in the world have gone through significant corrections. a few of those companies have gone through multiple corrections. and they never lose sight of their long-term sense of purpose or long-term mission or long-term vision. it's about continuing to execute. and so that's where we want to remain focused. emily: techcrunch published a post titled "linkedin's problems run deeper than valuation. linkedin is at best a business card holder and at worst a delivery service for spam." how do you respond to that? jeff: i think everyone has their opinions and it will not defocus us in any way. it's also interesting to see those comments now, but the company is the exact same it was the day before earnings. i think our core product offering has never been stronger. i think we have got the best roadmap in the seven years i've been at the company. we continue to see gains in engagement. that's what it's all about -- creating value for members and customers. emily: do you think you can re-accelerate growth? jeff: that is certainly the objective over time

david: what is the company up to right now? success, yet it is finding is up in the midst of a legal pursuit. sam: correct. when they did was -- a consultant to whistlepig, a man by the name of dave pickerell -- a sort of living legend -- advised them what to do. he identified a source of aged canadian rye that had not been used as anything more than a flavoring agent for other blended whiskeys, however, the original rye itself he found was of high quality, so they started buying that rye from a different facility, then they started buying it in vermont, now they're trying to grow rye on their property, distill it on their property, and aged in barrels made from wood from their own property, so they have this sort of backlist of rye whiskey that they are continuing to sell as 10-year-old, 11-year-old, 12-year-old, and now they are try to develop their own stock as well. carol: which kind of has original investors are saying, "wait a minute." sam: correct. raj bhakta sought investors to get himself started, including some former

the insurance companies paid out so much that there was a noticeable sea change in the attitude of the insurance companies going forward. >> sullivan: how do you know that? >> well, i worked the claims and i felt that coming down from middle management, telling me how to operate. >> sullivan: you were told to be stingy? >> no, not told to be stingy, but things that i used to pay for were being rejected. every single change that they made reduced the cost. there was never anybody telling you to increase it. >> sullivan: why do you think they were doing this? >> to save money. they were getting tremendous pressure from congress to tighten up everywhere that they could, and one of these was to make sure that there's no overpayments on claims. >> sullivan: let's go check out this one. >> all right. >> sullivan: the pressure to tighten up intensified after sandy, according to several other adjusters who agreed to speak with us. one of them was jeff coolidge, a manager who oversaw sandy claims. what happened when you started adjusting claims in sandy? >> guidance was coming back from the car

and the company's second failure in a year. the rocket was being fueled for a saturday launch, at cape canaveral. it destroyed both the rocket and its cargo. an israeli communications satellite designed to help facebook beam internet service to sub-saharan africa. mark zuckerberg has said he was deeply disappointed by this setback. global news 24 hours a day powered by more than 2,600 ournalists and analysts in 120 different countries. japan coming back online. their bellies are full. how are they feeling, juliette? >> we have seen the yen weaken a little in the last couple of minutes of trade. so yes, we are seeing the nikkei off a little. down by .1% as it comes back. it was fairly flat just up by almost .1% before that break. elsewhere, a bit of a mixed picture and waiting game ahead of the nonfarm payrolls number coming from the u.s. later on. shanghai is fairly flat and has been fluctuating in between positive and negative territory today as it so wants to do very often. hong kong looking quite good up by another half of 1%

i'm spending more time outside of the company. so i really need to rely on that team to be strong, cohesive. it's not about the ceo, it's not the entire company becoming a better company. >> let me say, using open source, anyone says i could start a talend, couldn't i, using the same software you're using? >> not exactly. there is open source companies where all of the companies are free. there is no commercial software at all. we are a combination of open source and proprietarproprietar. it is called open core. so the real key question in that scenario becomes what part of it is free, what does that solve, and what part is paid? >> let me hog the question, you chose nasdaq over nyse, is there one particular reason? >> there wasn't one, no. it is, for anyone in that situation, you should talk to both. there is reasons to go for one, reasons to go for another. we felt like it was a better fit for what we wanted to do. >> thank you for being with us. "press here" will be right back. >>> welcome back to "press here." this first versio

in 2014, the company was a $12 billion company. it finally goes into receivership. e-bankruptcy step. it has been owned by a family, these are the grandchildren of the founder. when i talk to them, they said these are things that are beyond our control. and that is mostly true. but there was one person who decided the plant has to keep going and i know how to do it. and this was the person who returned my call six months ago and said, i had an idea and new how i was going to save the plant. carol: and he was the plant manager, correct? >> he thought, this is crazy. i think we are losing money on these products. he built his own spreadsheet. he figured it out. there was one cardboard tube that they paid nine dollars a unit to make and sold for $.40. this is the stasis that happens when a family company sort of does what it does, stops examining the books, has its customers and keep selling. he went to the family and said, i have a plan. let's just focus on these few things that we make really well that we make money on. let's get rid of the things we don't make money

now, the company's being bandied about. even if twitter's current management doesn't see it as clearly. but everything comes at a price and buying twitter at these laefls will crater the acquirer's earning engs for several years. under it's in rarefied territory, and i'm thinking it's four or five points up and three down if nothing materializes. now, this is tough to get behind because it really can be only recommended on a takeover basis. and on "mad money" you know our rules. if the fundamentals don't support the valuation, we are not going to recommend it on a takeover. but twitter is worth a great deal to the visionaries, visionaries like avenue shar, who sees twitter not just for what it is now, but for what it is meant to be. stick with cramer. o our economy. if we don't solve our debt problem 19 trillion and growing money for programs like education will shrink. in just 8 years, interest on the debt will be our third largest federal program. bad news for small businesses. the good news? there's still time for a solut

in the company that makes that game. w long do you think nintendo can ride on the success is a company that for so long just was not where the audience is? >> you want to and on a positive note. i am not sure i will give you one. it is still unclear what the financial implications of all these nintendo developments really are. it is impressive they are getting modern. they have some pretty cool stuff happening. does it go to the bottom line? i don't know. stock maybe has gotten a little ahead of the actual companies story. emily: my guest host for the hour who covers apple for us, thank you for joining us. coming up, elon musk appealed to twitter for help in cracking the mystery of the high-profile falcon 9 explosion. we will break at what we know. this is bloomberg. ♪ in this edition of out of this world, nasa is celebrating a will slot -- that touchdown in 2018. willdown -- there, it gather gravel from the surface and deliver it to earth in 2023. after traveling more than 4 billion miles. staying with space. still reeli

how did the company pay for it? you guessed it. they did a secondary offering, selling more than 35 million shares at 54.50 a snap. given that the stock is three bucks higher, anybody that got it on the secondary last week should pat themselves on the back. put it all together and anadarko shelled out $2 billion for a very attractive asset that's going to become a huge cash generator after they spend a little money developing it. we know the company will use that extra cash to build out its incredibly profitable oil feeds in texas. bruce kamich absolutely loves anadarko's chart here. could work its way back to the 70s. bruce is pretty negative. when i looked at this, i was saying, wow, here's a winner. let me give you the bottom line. we've seen a lot of independent oil companies snapping up undervalued assets and then selling their own stock to cover the price tag. but as far as these deals go, anadarko's purchase of freeport-mcmoran assets last week i'm say is one of the i've the transaction is a huge positive for anadarko which i

well the audit shows the company spent tarp dollars on car allowances... lavish holiday parties at casinos and golf courses... and gifts for employees... the inspector general's office says the company racked up 8.2 million dollars in wasteful spending. reccomending nahac stop getting tarp dollars.... and that they stop working on this program all together. i did reach out to the company mentioned in the audit... they told me they were preparing a statement which i have not yet gotten. he sold 75-million records worldwide... and was recognized by the guiness book of world records as the highest selling rap artist of all time... and 20 years ago today he died. someone gunned down west coast rapper tupac shakur at the intersection of flamingo and koval. today people from all around the country paid artist... fox5's cyndi lundeberg joins us now live from where the shooting happenned.. all day long tupac fans have been coming to this site to pay honor to the fallen superstar. theyve set up a sign and flag in honor of tupac shakur... he was heading to a club whe

a littlebe has gotten ahead of the actual companies story. they: my guest host for hour who covers apple for us, thank you for joining us. coming up, elon musk appealed to twitter for health and cracking the mystery of the high-profile falcon 9 explosion. we will break at what we know. this is bloomberg. ♪ amalie: asset is so braiding the successful launch of a spacecraft that will run to view with a asteroid. it will touchdown in 2018. once there, the osiris >> spacecraft will vacuum handfuls of gravel and deliver it back tears in 2023. after traveling more than 4 billion miles. mosques spacex still reeling from the loss of its satellite bearing falcon nine rocket. x is leadingpace an investigation into what caused the fire accident but they are coming up empty. musk took to twitter with the update saying still working on the alcan fireball investigation . turning out to be the most difficult and complex failure we have had in 14 years. he retweeted a message from the company asking users to send audio, photos, or video of the event to use in

whole foods first teamed up with the company in 2014. investment was based on the same shareprice valuing its to at $2 billion. earlier this month the ceo said his company would be cash flow positive in the next 12 months coming up, apple stepping up plans for a smart home service, smartphone device to rival amazon's echo. we will hear more about the project next. this is bloomberg. ♪ ♪ emily: shares of apple slid on friday amid speculation from unverified twitter accounts that the german research firm gfk said iphone 7 sales would be lower than sales of the 6s last year. its report based on data from europe and asia and does not cover sales in the u.s. gfk said its numbers are confidentially given and should not be released to the public without confirming the veracity of the numbers. bloomberg has not verified, but it would contrast earlier positive indications from u.s. wireless carriers who said earlier this month that sales were better than expected. syria andth apple, alexei could soon be going head to head in the smart home stakes

this is the footwear chain. this company has repeatedly under performed competitor foot locker until the last quarter, which was quite a good one. i expect another fine quarter when reports this time around. my suggestion is not to buy finish line. i'd buy foot locker going into the quarter and then buy more of it gets hit on any sort of finish line disappointment, not that i'm expecting one. earlier this week i told you that foot locker is a winner. i think foot locker stays that way. so here's the bottom line. this market is in the grip of oil. if oil goes down just a little bit more, the rumors of a production freeze will start, and that could lead to a snap-back in crude, which makes me feel a little bit better about the market after a pretty torturous period. i think we're going to get ourselves a rally. however, all three have to happen to make it work. if you don't get all three, we'll probably experience the same old torture we've had to embrace since this tough month. the worst of all 12, began. just 16 days ago. ga

the automaker is exploring a possible joint venture with a state-run company. targeting s.e.a.l.s of a million electric vehicles a year worldwide by 2025. china is also investing heavily in alterna energy vehicles looking to cut the oil imports and reduce air pollution. >>> china and southeast asia quickly becoming the most important region for sneaker makers. nike and adidas seen success in the fast growing market and underarmour to catch up with the rivals and it has something that other companies don't. sports star stefan curry. here's a report from taipei. >> reporter: here in southeast asia, it is the new front line for the global sneaker wars and that's why curry backed by underarmour toured china, hong w generation of sneaker vate a it's why the battle won't be played out at a nba court back in the u.s., but in small gyms across asia, like here in taipei where curry spent hours coaching, meeting, greeting, signing autographs and taking selfies with eager fans. but like it did in the u.s., underarmour here in greater china is playing catch up to nike who'

my interview with the ceo of that company. that's coming up next. ♪ and tune in to bloomberg tv all day wednesday for live mobile coverage of bloomberg markets influential summit. we will be talking to the biggest names in the financial markets, including convoy was -- ed garden.and this is bloomberg. ♪ vonnie: it's time now for the latest bloomberg business flash, a look at some of the biggest business stories in the news right now. alaska air group in virgin america agreed to delay their merger plan. that gives the justice department more time to review billion deal. antitrust officials can now take several more weeks beyond the airlines original closing date to complete their review. mcdonald says it's considering in addition to its all-day breakfast menu, happy meals. the fast food chain will begin testing breakfast happy meals in oklahoma on september 26. if successful, it will be the first new entrÉe for the happy meal in more than 30 years. ceo says lululemon helps by extension oversees our customers don't necessarily as

the company plans to hire 10,000 workers in the next now through september 24th. we checked and found more than 100 job openings posted for the bay area on the company's website. >>> a teen who sued chipotle will celebrate by eating more burritos. she sued the restaurant after being hospitalized with e. coli. now she has been awarded a couple dozen free burrito coupons as part of her settlement. you will remember hundreds of people across the country got sick last year after eating at the restaurant. eating out is now life. americans will spend an estimated $720 billion this year at restaurants. that's roughly $2200 for every man, woman, and child. the survey asked nearly 70,000 people about their experiences. they found for contemporary fare season 52 stood out as forest cafe. >>> apple is already dropping prices on older model phones to clear out inventory. the price is cut in india by up to $330. rumors are swirling that another apple device may cut ties with the headphone jack. many macbook pro surveys from the company asking users how they use their device fo

i can't imagine a greater company to invest in. it's thect combination -- we invested in a huge dream that affects people's lives and that company went public. how could you not want to invest in that? it's a huge, multibillion-dollar opportunity. emily: what is your take on the epipen -- guest: it's unfortunate at a time it is going back to school for their stock price is taking a hit and it's good when the stock market has morals. it's a debate we have to have about how we deal with innovative pharmaceutical companies and how you regulate and allow exclusivity for those companies versus a company like mylan which is marketing a generic. those companies should not be marketing the same. they should have much rater market exclusivity and have greater pricing power. emily: trump versus clinton on health care, who's better? guest: clinton because she will provide stability to the market and it's important for the long-term involvement of the health-care. emily: a recent biotech deal had huge acquisitions for 10.2 billion dollars. a lot of vcs

how do we get the focus back on individual companies? not the overall obsession with what the fed will do on wednesday or what direction oil might be heading on a minute to minute basis. both of these factors were in play again today as usual. in a deceptively quiet market with the dow ultimately just setting off four points, s&p closing essentially flat, we know all about the linkage of. but the fed, i've got to tell you, i just head bringing this to you. i hate bringing it up because everyone else talked about it. sometimes there's no avoiding it. we know what the bulls want to hear. that the fed is now on hold, perhaps until we start to see stronger retail sales manufacturing imports. the decline in so many sectors last week was about how the fed might say or do the wrong thing. more say than do. either give us some stern language about the need for another rate hike before the end of the year, or maybe they even do shock us with an outright rate increase, something most people say is highly unlikely, but that's what worries me the mos

the company itself is warning turn off the battery.n officials are also calling on passengers to discontinue the use of the device. global news 24 hours a day powered by our 2600 journalists in more than 120 countries. this is bloomberg. guy: let us talk about the boj and what is happening. the bank of japan has signaled a shift away from policies that surprised the market according to analysts. we had been sifting to get sifting through recent speeches. just to talk about transparency. there is a behind closed doors meeting happening today. --are they talking about regulations? everyone wants to know what the boj is doing next. michael metcalf is with us. is waiting for general kuroda -- governor kuroda. we will wait and see what the boj is going to do in the review coming up. if they start changing the way that they do things, maybe we will follow suit. michael: it was interesting that mario draghi of adopted the same will dos the boj -- we a review and come back to you. and the bank of japan does the same thing though they are one s

the concept of stock buybacks has been somewhat controversial. should companies be buying back thn stock or taking that cash and reinvesting it in the business to grow and hire more people? a big reason why companies can do these larger scale buybacks is because of how low interest rates are. >> companies can issue debt with extraordinarily low rates and then buy back shares. it increases earnings per share, increases the return shareholders get. >> reporter: now that the fed has signaled that interest rates could stay lower for even longer, stock buy backs could contt big question is how long that run can last. for "nightly business rep i' >>> still ahead, massive breach. yahoo! confirms a breach that affects 500 million accounts and da. >>> and now to charlotte, whe a state of emergency has been declared after two nights of violence and continued protests over the police killing of a black man. and even as some officials urge firms to return to business as usual, a number of them told their employees to work from home today, including bank of america, wells far

. >> how the company says it plans to prevent bias. plus the child goddess of nepal lavished with gifts and carried through festivals. worshippers traveling cross-countries to sing her praises. even her own parents bowing at her feet. so why are some activists calling this tradition abusive. days. >> and fashionably early. designer tom ford, styler to the stars, revolutionizing the industry again. now making his groovy garments available for purchase hours after the model leaves the catwalk. but first, the "nightline" 5. >> you know your heart loves megared owe mega threes. did you know that your eyes, your brain, and your joints, really love them too. introducing in one. just one soft gel delivers the omega three power of two regular fish oil pills. so give your body mega support. >>> good evening. thank you for joining us. it's the popular hash tag that triggered a social media firestorm. air bnb while black. frustrated users of the home sharing site claiming they were refused accommodations because of their skin color. now facing a c

the company has recorded a big increase. it's hoping to capitalize the momentum with the ipo. >>> investigators looking into a fuel economy scandal at mitsubishi motors have announced their findings. they believe employees knew they were breaking the rules when they used the wrong methods to determine mileage. the scandal came to light in april. even after that, mitsubishi continued to cherry pick favorable data to determine mileage for some models. the company claimed it didn't know it was going against proper procedures. but transport ministry investigators disagree. they say front line engineers at mitsubishi knew exactly what they were doing. the investigators also say the firm didn't conduct any fuel efficiency tests on some models. the findings follow an inspection by government officials on the company's headquarters and the research facility. t demanded the firm come up with measures to ensure the problem doesn't happen again and report them by the end of this month. >> translator: we take t the mininistry's observati

but the company is swelling back a loss again the second quarter. ch do they make on something like this you think? i guess you got to be able to open it. seems like an impressive company. what about elf the stock in this is where i think we got to get a little more careful. as compelling as the story might seem there are a number of reasons why the stocks aren't actually at this point not bought. first and for most elf beauty was a private backed ipo in january 2014 the company put a by tpg group. tpg growth is a private equity firm. tpg seems to have done real good job of growing this company. installing a reliable ceo and generate fabulous growth. however when have you a private equity sponsor, these days you to be careful. why? because when these people ring the register they typically don't do it all at once. stock tends to trickle out over time and in a slew of secondary offers that flood the market with supply tending to push the market slower each time. even after the ipo, growth and the old parent company still have roughly 62% of the common

david: that is the begin food company found fudging its figures. -- the bacon food company -- the veganmpany that has the mission of replacing animal proteins with plant proteins. on a global scale, that's an incredible concept. as the world's population grows and developing economies continue to grow, the appetite for animal protein is so large it might be unsustainable. hampton creek is jumped on that mission to try to solve that problem. many people are thinking about this problem like bill gates and peter thiel. they are in the right place but how they are getting there is very interesting. this is a silicon valley darling that was well on its way to becoming a unicorn, very revered and respected. >> absolutely, the ceo told his staff he was moments away from raising $1 billion valuation but that has been put on hold with the criminal investigations. we are trying to figure out if there is any movement but our senses there has not been. david: you mentioned the criminal investigation. just with some broad strokes coming in a sense. >> so there is a criminal investigation as well as

we talked about newell brands the company, what about the stock? i think newell is cheap, putting a edge well, that's a personal care spinoff from energizer, that sells at 20 times earnings. there's no way newell should be this cheap, especially since it got some multiyear growth thanks to the jarden deal. so let me give you the bottom line. i've liked the newell rubbermaid/jarden merger ever since it was announced roughly ten months ago. some numbers, i'm an even bigger fan of newell brands. that's why i put my charitable money where my mouth is and bought it from actionownersplus.com. it would make a great addition to your portfolio. amazing management, some tremendous cost savings catalysts. i don't know. what more could you ask for? much more "mad money" ahead. interested in buying nike? sl then approximately 10 million americans have osteoporosis, placing them at high risk. with few treatment options in sight, i'm eyeing one company trying to help solve the problem with a little device. and i've got one of the largest payroll players in the la

the company plans to unveil its solar roof idea next month. is after the board of solar city agreed to tesla's offer to buy it last month. elon musk announced the plans on twitter, saying aiming for october 28. coming up, linkedin unveiled its first big announcement since the microsoft merger. our exclusive interview with the ceo is with us next. this is bloomberg. ♪ emily: on their latest funding board, airbnb has raised -- -- has raised at least $550 million valuing the company at $30 billion. the wall street journal saying google capital is participating. the size of the round could go up to $850 million. airbnb is letting some employees sell a total of $200 million in stock at the same time. linkedin is ready for its first big product launch since microsoft bought the company. they are offering a.i. messaging. the updates are a part of linkedin's push to expand beyond a networking platform. i sat down with jeff weiner for an exclusive view. >> helping our member say -- stay connected and informed is one of our central value propositions. th

they could not agree on how the company was going to be managed, or how the company was going to be runs that the state of the company ended up in the delaware courts. they were each at one point 50% owners. the judge did not know what to do. he ordered the company sold. what happened that there was pushed back by top employees. they rallied around and said the judge has gone too far. this is beyond the power or should be beyond the power to order the sale of a profitable company. and what you have now is a grassroots fight going on in delaware over whether judges should have this power to impose a judicial fiat that this profitable company be sold. you have about a dozen top executives in this company who have formed a group, citizens for a pro-business delaware, and taken out ads in newspapers and on the radio. carol: they reached out to someone to form this, right? there is some question on who is funding this. >> one of them reached out to an acquaintance who knew someone at a shop in new york city that organizes strategic campaigns. they put together collectively this effort to pus

meanwhile, the company lulls shedding the slower growth auto parts company, allowing it to soar. sten to what the ceo had to say about this transaction this morning? >> i think in 18 months or 12 months from now, i think what we should expect is that we will be introducing ourselves to our customers, and if you're in the commercial buildings market you understand tyco, johnson controls. together i think we can do something pretty special. >> it's a fabulous deal, fab lulls company, all because the execs were willing to surrender that are -- maybe you're thinking, c'mon, jim, who can find these companies? johnson controls, eeog, spectra, other than you watch the show, you might not know it, but if you watched the show, you would know it. they're not obvious, i give you that. let me come back with you at a growth thesis. when you hear the feds taking action, you don't just stand there, you reached for the companies that will do well, even if the economy slows. it's a time-honored way to invest in a drining environment. how about alphabet, formerly google, in the sweet spot of good g

the company blamed its soft outlook on customers staying indoors to follow election coverage. shares fell 4% to $11.85. nata star saw its sales save as the engine and truck-maker saw its net loss widen. in addition, the company said its defense unit received a subpoena from the department of defense regarding a recent government transaction, and the stock nevertheless, up fractionally, up to $19.12. >>> clovis oncology said the food and drug admini will forgo holding a panel discussion regarding the biotech's new drug for ovarian cancer. the regulatory agency recently granted the treatment priority review. shares are up today, 15%, to 28 307b9 1. >>> twitter is hosting its board meeting today, and sources who spoke to cnbc said the topic of cost cuts will be driving the conversation there. the social media company's management is expected to discuss ways to save money which could include possible layoffs or spinning off company assets. shares dropped more than 5.5% to $18.70. restoration hardware beat profit and sales expectations prompting that company to reaffirm its guidance

the company is based in the u.k., but it's really a u.s. company. shares were penalized for no good reason other than everybody was terrified about u.k., particularly in european stocks more broadly. really it's an american company. if you check into the hospital tomorrow, there's a 1 in 20 chance you're going to catch an infection there. something you didn't have before that you get there. this is something that costs the u.s. health care system $10 billion a year. so it's a massive problem. sterris supplies everything from soaps to clean sheets to any kind of cleaning supply to help fight those infections. we think no matter what ha in the economy, this is an area where we're not going to see cuts to spending. so this is a nice growth stock. and granted, it's not as attractive right now as it was right after brexit when bought. but we still think there is a good opportunity in these shares. >> lamar, thank you very much. we'll revisit these at some point in the future. lamar vil ory with vil ory and company. >>> coming up, grill it up. one entrepre

they are owned by the one company. ave a lot of factories and a lot of infrastructure in place to dominate the market, which is what they've done in conjunction with smart marketing, targeting the youth segment and rural segment which is something shall me -- hasthing shall been slow to talk about. emily: they have been talking about the issue being a supply and not a demand thing. >> the challenge is to make sure we meet demand much earlier in the lifecycle of the project. we have to be sure our supply then catches up and this is most important thing we have to work on as a company. emily: is it clear that is the case and this is a supply issue and not a demand issue? to be honest, that's not completely clear. we talk to different suppliers and it doesn't seem to be a huge amount of act log at the moment. there was an issue when some taiwanese suppliers suffered an earthquake, but since then, things have caught up. if apple can get its units out the door, i think they can as well. our bloomberg news reporter in beijing

the issue. boston scientific is merely a $31 billion company. mall for most of the hedge fund managers i heard from yesterday. they have defaulted to the macro, so to speak becau. some of these fund managers would have to own all of bsx to matter to them. that's how huge these funds are relative to individual stocks. all the work that mahoney has done, all the innovation, me meaningless to them, but not to you. not to home gamers. not to the dying breed of stock pickers who would love to own a stock like boston scientific. when you hear how stocks are dangerously inflated, i want you to think of diligence and innovation. these aren't manipulated by central banks. these aren't supported by the european central bank or the fed or any other government. these companies are supported by themselves, and frankly i don't care what they said at the panel. boston scientific is trading at $23 because it deserves to be there based on what the company has done to save itself after that disastrous acquisition. that fact doesn't matter to these big dogs one whi