this is something that bill ackman learned the hard way when he publicly shorted herbalife.e that ackman in desperation did everything he could to get any federal agency to crack down on herbalife and put it out of business because of what he saw as really atrocious business practices in the end, ackman lost a fortune because no agency took the bite even if the s.e.c. took the bait, so even if the s.e.c. looks like into musk's tweet, i don't think that it would matter much to the stock. look, it's not like the s.e.c., like the college tournament area looking into it, the s.e.c.'s got teeth. but it's just not going to hurt the stock that much. and that's because of point break. short sellers need normal sellers to come out and knock a stock. who in their right mind is going to sell tesla if there is even the possibility of a leveraged buyout how do we know this is even a agreement of keurig green mountain who went private after the very smart david einhorn was worth dramatically less than it was selling for? hey, don't i know it i have been campioning keurig. it turns out i w

it wasn't ackman i think carl icahn makes the game exciting.can you refer to his game this is nvesting, this all about college endo iments and you really can make it a game. >> yes. >> but look i think that carl, i think he knew he didn't have the votes. that's not what you go after. >> after glass lewis yesterday. >> yeah, look, there are different kinds of styles. when singer from elliot gets involved, he doesn't use emotionally charged words the way carl icahn -- he gets the job done starboard gets the job done. i like these so-called -- i interviewed singer, and he's the kind of guy if he gets involved he's going to make something happen and he never shoots from the hip. >> yeah. >> and i know that carl shoots from the hip that doesn't make him bad. carl icahn shoots from the hip and musk shoots from the hip there is a lot of hip shooting >> he we live in an age of hip shooting no doubt. >> my friend buddy powell was talking today about how twitter is not a good way to disseminate. reuters is come on. millennials, do they read reuters? >> w

julie: we have got some headlines now on bill ackman and his pershing square capital. he is conducting his quarterly call and says that pershing square has a new undisclosed vision. -- position. he says that position represents about 10% of his portfolio. thelso said following revelation he had sold some of his adt -- adp stake, he still likes adp and says his views are not connected. they relate to sector weightings and redemptions. pershing square added some shares of lows in the second quarter -- lowe's in the second quarter. this is bloomberg. ♪ mark: getting some breaking news out of turkey. qatar has pledged $15 billion in direct investment in turkey. this is according to a news agency. the mayor of qatar is in turkey today. some show of support from a recent, and given the selloff we have seen in turkish assets, i am sure this is a welcome show of support. qatar according to the state-run agency, has pledged $15 billion in direct investment in turkey. that is dollar-lira and the dollar is down 6% against the lira. the two-day gain and the lira the biggest in a n

now, the saudis aren't like bill ackman, they aren't like carl icahn in the sense that they are going to tell him how to run the company, but if you look at the investments they have made, they do often like those companies to make investments or hire people in saudi arabia. that is part of what they do is bring technology, bring knowledge, bring jobs into the kingdom. you could see pressure on elon to build a giga factory in saudi arabia. that is one thing an analyst speculated about, but they are going to want something in exchange for helping him with this big project. selina: coming up, turkey's president calls for a boycott on american-made electronics in response to u.s. sanctions. what a prolonged crisis in turkey could mean for the iphone and more. and if you like bloomberg news, check us out on the radio. you can listen on the bloomberg app, bloomberg.com, and on sirius xm. this is bloomberg. ♪ selina: president erdogan remained defiant in response to u.s. sanctions in turkey, vowing to boycott american electronics like the iphone and stand firm in the face of what he calls a

we've been digging for pershing square and have a position on bill ackman's first.million shares to hold half a billion dollars worth, 4.2 million share which is is an interesting sea change from what we saw last year with the proxy fight there and also acquired a stake in lowe's which we knew about and disclosed 7.7 million share stake worth $37 million, willch? >> leslie, thank you very much for that it's been a positive session up a percent. >> a vacation on this. >> on vacation for a week and a half "fast money" starts now. >> "fast money" starts right now, live from the market overliking times square. the traders are brian kelly and dan nathan the crypto crash continues and crypto breaking below 6,000 before hovering at those levels and the move as a whole has the crypto universe in a frenzy. bill harris who previously called bitcoin a scam says it is about to get a lot worse he will be here and the tesla saga continues and elon musk

when herbal life was targeted by -- herbalife was targeted by bill ackman. are also totally personal reasons for this. mark zuckerberg now has two young kids. it could be that he just wants to up his security for his little family. it could be that relatives or extended family members have gotten threats or are just not feeling comfortable. it could fall on him to pick up the bill for that. emily: and you go into great detail about what these costs actually are, right down to bulletproof windows. tell us where the money is spent. >> it's quite interesting. i had conversations with a lot of people that work in the private security industry. going into the story, i figured that an additional $10 million on top of a $5 million to $7 million facebook has paid per year for the past few years, it seems like a lot of money. i was quickly told that is not necessarily that much when you have private security detail, security at your home, a special cybersecurity program set up for your devices. costs can add up very quickly. emily: thanks so much for that story. sell

also some repositioning with bill ackman's portfolio.he founder of pershing square slashed hits stake in adp where just a year ago he was kicking off what turned out to be an unsuccessful proxy contest ackman doubling his stake in united technologies and disclosed his share ownership of lowe lowe's other notable moves were coatue dissolving a stake in snap and david einhorn preferred gap and t.j. x ajx >>> and value act cut its stake in 21st century fox. all these stakes are as of june 30th and may have changed in the six weeks since. >> einhorn s he's like walki, h like -- >> ouch. >> he's everywhere that's bad right now. >> he's unlucky in a way >> don't stand around him. sputnik will fall on his head. sorkin, he has got -- sputnik, remember that? >> i do remember >> it was going to come down or maybe some other thing he managed to find everything that's bad >> he's famously short tesla >> he short shorts, the tweets, all of it. >> you know that elon musk's next plan is to sell sho short shorts online. >> seriously >> yeah. >> i though

. >> bill ackman buttons. >> i thought that was going to work. >> remember ron johnson, bill ackman.ey had all the catchy slogans and everything. >> walmart posting a big earnings beat. 1.29 a share. 7 cents above revenue, also beat expectations, comp sales grew 4.5%. that's really probably what people are looking at. how do you grow same store sales at walmart at 4.5% versus an 2.4%. something this big is part macro, part consumer confidence. joining us now michael laser, hard liner, michael is doug mcmillan a genius or is there something to the macro story for walmart? >> well, i think we can -- some will refer to it as walmart today, joe. there's three factors that drove this type of result. first, inevitably walmart took shares, 4.5% same store sales growth in the u.s. is better than what we've heard from key retailers like in the grocery category and grocery was an area of strength for the walmart in the second quarter. second, the macro is good. the tide of consumer spending is rising. they have more money to spend this year as a result of lower tax withholdings. there was some