and as well as paul singer of elliott management i'm sure as you know now, nelson peltz was able tostocks in which his firm has obtained board seats in recent years. most notably, ge hinting that they're at potential for more serious breakup of the underlying assets when our own jim cramer asked him whether a breakup was on the table, whether everything was on the table with regard to a serious breakup, he deferred to management and said investors should take them at their word and he also spoke about the plan with p & g with a matrix structure, saying if a matrix structure were an animal it would be hanging above his fireplace but he does say that the board is considering his own restructuring and simplified plan both peltz and singer spoke about the op-ed today from jamie dime and warren buffett that both appeared in support of their plan that quarterly guidance doesn't do much for business except for move stocks one way or another as far as singer's comments, he spoke about what he called the defense bar of advisers on the legal side and the banking side that are made to help com

if the deal 2018 corporate governance company elliott management's paul singer and nelson peltz and leslie picker has it >> that's right, we heard from paul singer and nelson peltz both with one-on-one interviews with our own jim cramer, spoke about that op-ed you that guys were talking about on the desk both of them big investors agreed with buffett and dimon that doing away with quarterly guidance would not be a bad thing for corporate america. >>> but other headlines i want to bring you guys from those two sit-down interviews, peltz provided comments on procter & gamble and ge, two companies where his company has board seats and retained them recently with regard to p & g, he spoke about before getting on the board before the proxy fight he said the structure that he underlined is under serious consideration in his mind providing credibility to the leaders of the various business units. with regards to general electric, he said that the market is actually struggling to understand undisclosed liability. they're worried that there could be more undisclosed liability to come from an activi

those pressures are there, i don't know what nelson peltz could do cost cutting isn't a way to get tosed land. >> so we thought we'd play match maker. each trader will pick two names they think would be a perfect match. >> in a similar vein, again mills which has been on its knees, i think buying by walmart. there's synergies in terms of retail products, walmart could sell it internally as their own brand. i like this trade, i think it e's tenth of the market capital. why not. >> why does walmart need a general mills? >> if they want to get into the brands business, why wouldn't they it makes sense, valuation is probably such where if you want to take on amazon at their own game you need to bolster up your bench. >> but amazon isn't buying general mills so if you want to be in amazon. >> amazon is doing their own private label. >> why buy a brand and make it a private label? >> there's overlap they have convenience stores, there could be accretion and savings there but i think these are brands that people want. i think walmart could do benefit by doing this. i think they could dominat

is people want to say, it's about good or bad ideas and it's not about short or long, but yes, nelson peltz horizon by the way, i've got mr. singer later from elliott management and they're talking about incredibly long time horizons and you may need one from procter & gamble procter & gamble has really become one of the ultimate quarter story and when they missed, the stock's down 28 points they did not have a good quarter. wall street is determining the nature of guidance, not proctor which has actually done guidance and kind of, like, hey, we will do okay. maybe procter & gamble is doing better and we're long at 74. maybe it deserves to be high are. i can't wait to talk to him. >> down 19% so far this year procter & gamble so good. >> eye good year for procter's stock. >> yesterday's best day since late march, you were positive earlier in the week that we would start to see them rejoin or assert some leadership. is that happening? >> yes we are too close to the federal reserve's stress test. there has been a before and after pattern the last two years that is so remarkable. goldman's sto

otherwise have in the past >> david, what kind of a -- i imagine it's a bath, i don't know did nelson peltzll, they still own it they're down significantly i'd have to go back in my large file here to remember their average cost, andrew i think it's high 20s, low 30s but it's -- yes. this has not been their finest hour now, they are still in there and he's on the board. he's one of the co-founders of trian. and they hope eventually they're going to exit this thing in the distant future with a profit i think they still believe that is a real possibility. >> do ethey think that immelt suckered them into this investment if you think about this, it was really them -- from my time perspective thinking back to the moments, that was a singular moment when they made that big investment and everything seemed to turn the wrong way right after that >> yes i have their presentation in here somewhere i agree, andrew. they saw it becoming a $45 stock at the very least. i don't want to speak for them i think at some point we'll probably get the opportunity to ask either nelson peltz or ed garden to your p

and in that sense, i interviewed nelson peltz recently, a corporate governance conference. he worked back and forth with the president about the last mile and amazon. so there is -- amazon is both deflationary in how much they charge and inflationary in how much they demand in terms of freight. >> which drives the price. >> grubhub, this is another one. have you seen that stock incredible >> we're coming off the initial lows we'll get stop trading with jim in just a moment y opinions out there, it's hard to make sense of it all. well, victor, do you have something for him? >>check this out. td ameritrade aggregates thousands of earnings estimates into a single data point. that way you can keep your eyes on the big picture. >>huh. feel better? >>much better. yeah, me too. wow, you really did a number on this thing. >>sorry about that. that's alright. i got a box of 'em. thousands of opinions. one estimate. the earnings tool from td ameritrade. ♪ >>> time for cramer and stop trading. >> united technologies two different firms, morgan stanley talking about the breakup. i think

remember nelson peltz from the board. >> these guys are huggies, right? >> yeah.he's saying there is no upside pressure points are building and this seems to be down and it looks like the numbers are too high you think the numbers are too high and wow i think this is a great american company, and i just -- everyone is hurt with kimberly, but this is a piece that says the guidance is too aggressive and china will be difficult, margins are going to be pressured and it is just an unmitigated, negative piece and the only thing he doesn't say is that he's switching to another brand, you know he's switching to costco, kirkland, kleenex. no >> we pointed out, amazon has its own private label now, i believe, right >> no. that matters david, you know what this is >> handkerchief. this is a handkerchief i think people will go back to these and not use kleenex anymore. that is how negative >> will we start wearing pads again, too put an undershirt under your shirt because your shirts pill and every gentleman has to have one. [ cheering ] >> early bell. not good that's an exc

. >> ha-ha - >> right, up next, elliot management paul singer and nelson peltz sakpe on the debate onhort termism and where they stand on the issue when we return i'll be there. ♪ experience the thrill of the moment with the lexus is. experience amazing at your lexus dealer. anyone can get you ready, holiday inn express gets you the readiest. because ready gives a pep talk. showtime! but the readiest gives a pep rally. i cleared my inbox! holiday inn express, be the readiest. holiday inn express, yes or no?gin. do you want the same tools and seamless experience across web and tablet? do you want $4.95 commissions for stocks, $0.50 options contracts? $1.50 futures contracts? what about a dedicated service team of trading specialists? did you say yes? good, then it's time for power e*trade. the platform, price and service that gives you the edge you need. looks like we have a couple seconds left. let's do some card twirling twirling cards e*trade. the original place to invest online. >>> secretary of state mike pompeo speaking about the upcoming summit in north korea let's listen in. >>