for more go to cnbc.com/kensho >> bill ackman has endured some humbling set backs in recent years.those barron's writing the hedge fund manager could be making a come back leslie picker is following the monday returns are better long way to go >> 10.4% so that certainly is a come back of sorts the question is when you can call it a come back, what time frame it makes a come back as you know he invests in very concentrated positions there's a few positions in his portfolio that have done particularly well year-to-date namely chipotle, adp and ones that aren't doing so well aren't as sizable positions like fannie mae and freddie mac. >> you spend a lot of time looking at this space. there was a jim stewart on friday had a column in the "new york times" talking about the struggle that remains for hedge funds. >> yep in think he was right. the way i look at it is, put bill aside, is that there's so many funds to invest and putting up 10% is not unusual if you know where to look that i just don't want to bet on somebody that's, i wouldn't say blown up, but look he's had a number of bad

the wrist packaged in heaven back into these cheaps ackman used to sell to all three million of them and now it's less than a million he thinks one reason for the high price is people buying it speculative. and then it is known as black gold and. the country produces an exports around sixty percent of the global demand pool harvests also cause the price to go up that were heavy thunderstorms last year that made growing it difficult when vanilla becomes very valuable it's stolen from the fields farmers get nervous so they harvest too early and that causes a considerable drop in quality ever expecting richer harvests next time that would be supply and hopefully demand in hamburg to. people always say the high prices make global demand go down work you know. it's people will just do without but that's still the mom to be for. because nothing beats real vanilla say the experts and it's subject to price fluctuations like almost any roll material in the world. the world's biggest earth moving equipment to make us caterpillar has raised its twenty eight hundred profit outlook after posting

nelson peltz has been in general electric so i did -- my point is, you haven't seen the carl icons or ackman'srry that i misspoke, but my point should still be well taken i think. >> one other thing we'll just take a look at here and that is ultimately when you're trying to make a directional bet in situations like this where it either has reached a bottom to carter's point or is just going to continue a lot lower because it has been moving, this is the case where an options premiums might be a little bit higher than they have been but they're actually still a fair price to buy at that level. that's one of the reasons we're not looking at doing something complicated like buying a spread. 30 cents not a lot to risk. >> all right. cable tv history in the books. good job. >>> still ahead, johnson & johnson sinking today after being ordered to pay out $5 billion in the lawsuit. there's something in the charts that could be signaling a turn around. we'll explain. >>> plus have an "options actions" question for one of the traders. if it's nice because it's a good one and it's nice, we'll answer it l

i do not know paulson well, but bill ackman is a bright guy.one knows how to swing a golf club. some people do it better than others. the government, nobody was blaming the individual for failing to conduct financial a -- manner. if i said we were going to begin and youest bull market don't want it to be in a return vehicle, have all of your money in an index, you would have had me arrested and locked up. that is what has happened. people who decided to be with a hedge fund want to be someone who was heads, not fully invested. we have been in this one way bull market. it has been a tough period. everything is cyclical. things will change. carol loomis has been writing for magazines for years and has helped warren buffett. in the 1970's, she wrote an article. it was ringing a bell for hedge funds. back, the hedge funds was maybe under a trillion dollars. everything is cyclical. erik: it is not time. the bell is not tolling for hedge funds. they are going to come back into fashion? >> i would say they will come back into fashion. everything is cy

going to do it for this edition of the kaiser report was the max kaiser stacy ever likes i guess bill ackman of mine's dot com going away just on twitter it's kaiser report and i stand by oh. it's a very rough for the right sort of claim of. you have to be able to verify. it was. ready for you would have been. even not. you know i don't. you see a better body in this world and it's little to participate in the good. old to me a good mood in which. you don't think about this is this old good or not you just refuse like a man you know i do and other patients. eat . eat eat it leap the legs little slow but if you go sleep. well over. some people something for. nothing. they use indigenous people as you know we that. feed in. the trees. mostly fish and say that's the only thing but yes the kids. and all of a sudden a man just found and told me there was a time. i said i when entering its building if they were not allowed and. if they were sure we. had all along a million million indeed on the left i'm not the only menominee been thought to be chubby and you don't find it feeling on a. i got a fa

this edition of the kaiser report with the max kaiser stacy i would like to thank our guest bill ackman of mines dot com venerate just on twitter it's kaiser report and i stand by oh. it's a very rough the right sort of. you have to be able to verify. it was. ready for. ok what happened in the morning and i'm in need not. apply don't let me back up only you know i don't want to see it but of what is in this world when is it due to budget spreading the good is owed to me a book to read in which. you don't think about this leave this so good on you got three teams played and you know another patients. we're going through a dramatic economic and social and cultural transformation that women want to participate gay lesbian people want immigrants want rights in many cities are saying that's my way but there are more traditional parts of society that are saying no i don't want that i live in a more of a world community i believe we should have one national policy i believe in a country that's divided as much as any in the world we actually have to localise our government. for man are sitting

ed; shareholder register, a who's who of investors, bill ackman, larry robbins, paul singer, elliott management, they see you as a deals got, not a guy who does an aggressive buyback program. they want you to do m&a. well that be the direction of element? acquiring other companies? martin: a good question. investors have been great supporters of us that it is not just about m&a, they see us as capital allocators and capital allocation in a way by the share buyback is internal m&a. they are looking at what we are doing as value drivers and we are about sharing shareholder value. about where stock will trade over the next 12, 18 months and beyond. we are repositioning the business and they are supportive of that. i was talking to one of those investors a short time ago. it is the right strategy for the company. we are also positioning over the long term to become a much more attractive investment candidate for the long only institutional investors. with our level of leverage on the balance sheet, the fact we pursue different sectors, not as attractive as it will be posed divestiture. -

sometimes our commander in chief falls into this path that's with carl icahn and bill ackman, they're not guilworkings public ceos. we learn a lot from it, but there are some who have fallen into that trap that it's ken lay and jeff skill, put this pressure on bethany. of course recalls, that they weren't happy and tried to pressure time and fortune to suppress her work. they stood behind her. but there are other ceos who fall into that trap. there are others in the category there are other fighters who are great who correct the facts. nitrogen ill travis most cently in the fight with bill ckman i thought rodriguez kept it clean. just one of the facts. there are lots of ceos, the boards don't let them talk at all. what does it feel like when you're in the toronto of this, trying to be an objective reporter, getting the facts out, but having to face whlynn neetts faced? >> for me, i don't necessarily like it. it's easy for me to look at her and say this problem is con fir mag she's right an on the right track, but i think it's hard to feel like that in moment and particularly given the

judicial task force of the congressional ack caucus, one who has an extraordinary record of legal ackman, and who has -- acumen, and who has been an outspoken advocate for criminal justice reform, social justice, and has been scrutinizing judicial nominations so that we can provide for the american people an analysis of what we have to lose. and that's none other than the gentlelady from the district of columbia, the honorable eleanor holmes norton. ms. norton: i thank my good friend from new york. and i particularly thank her for her very cogent remarks and wish to associate myself with those remarks in every sense of the word. and i say so to the good lady , as he state of new york the leader of the c.b.c. task force on federal court nominations, including the supreme court nomination, where i have had the opportunity to ook deeply at the decisions of this nominee, court of appeals, now serving on the court of appeals, as it turns out, for the district of columbia, brett -- nominee. and i think her remarks are telling in their understanding of the extreme damage he would do. and must a

this is a common theme we've seen with ackman where they realize that their star power has gotten them to these acid gatherers. when you compile all these assets it really chips away at the opportunity set you have for investing because you have so much money, so much in the way of asset undermanagement if you're smaller, more nimble, you have more opportunities to invest and could produce, in theory, more alpha. >> in theory. >> in theory. >> the war of words in the trade war and those caught in between. next our interview with a pig farmer, praising himself for what is to come. the latest in the race against time to rescue the thai soccer team, stranded in a flooded 'rli ithca wee ven ailand, next i'm april kennedy and i'm an arborist with pg&e in the sierras. since the onset of the drought, more than 129 million trees have died in california. pg&e prunes and removes over a million trees every year to ensure that hazardous trees can't impact power lines. and since the onset of the drought we've doubled our efforts. i grew up in the forests out in this area and honestly it's heartbrea

or usa rolly ackman and ms. co have responded to questions and questionstted written for the record. mr. ernest of g subcommittee to provide opening testimony. interest in the music and their testimony will identify eness and solutions to make a difference. thank you both for your time for e taken to prepare and your presence here this importantly, most for your care of the athletes today. by ll conclude my remarks subpoenas olleagues, were issued requiring attendance today. hrough their counsels, both mr. piny and dr. simon have made lear they would not appear voluntarily on june 5 or any other date going forward. i wish that were not the case as subpoenas is something this committee takes very pursues as a only last resort. despite the circumstances, however, i appreciate their resence today, and i look forward to a productive hearing on this important matter. ith that, i will turn to the ranking member, senator his opening or statement. ran. ank you, senator mo ran for s to senator mo his leadership and partn

look at ackman, right?. >> they love -- we don't do that here on -- >> it's coombaya on "squawk box." >> i look at you, bob. >> i'm here. >> how long's it been? >> since the beginning. >> 25 years. we go way back. >> wow. >> you look the same. >> is there ever anything that i could say to you that would hurt you or make you -- we're like brothers -- we're almost family, aren't we? >> yeah, we have been. dinners together. >> everything. >> we were at that secret meeting of conservative -- what was that >> that was christy. christy was announcing for president. >> it was at midnight. >> especially now. >> anybody >> we're looking for -- looking at a big week. >> like "casablanca. >> big week for big banks with jpmorgan, wells fargo and citigroup. to prepare us for the numbers, we have david long from raymond james with us. that crummy ten year is just not delivering though on the yield curve for banks. strong economy is nice. >> thanks. good morning thanks for having me on your show yes. the ten year is not c

about and trying to replicate that even chipotle, which i'm long chipotle that's part of the big ackmanbut the partnership they have with door dash, you can seeing new customers, they're getting it through mobile ordering it's real. i think there's validity behind it >> that dominos renaissance, that was like -- not different from howard schultz when he came back starbucks was lost amazing that the guy at the top can totally turn the ship around >> mobile ordering has not gained traction. >> it's a more complicated menu. >> and chipotle has a second make line for that they're putting that in place to get items out the door quicker they're also testing a window in a wall >> they just need nachos >> they have that. >> now >> i don't think the line will slow down. i sometimes go to the one on 8th avenue >> chipotle? >> yeah. that line if you're there at prime time for lunch, that can be a serious project but it moves it moves quickly but if you get into other products, it's an issue. >> brian niccol talked on this special investor call last week and talking about speed and getting people o