>> let us just say that bill ackman has promised a lot. if he is going to liken it to enron, it means he is likening the alleged fraud at herbalife to the greatest investment scam in history because that certainly is where enron ranks. listen to him. >> the best frauds are really good. the only clue i will give you for tomorrow is that enron, if you remember, had a fake trading room. they were having people around the enron campus. about an auditor talking the trading operation and setup workstations and had people looking like they were trading, do you remember that? that is my biggest clue for tomorrow. >> i do remember the trading floor at enron. what he said upon further questioning is that, yes, there is something about herbalife. he would not go into detail. ruse,er words, there is a theont, a mirage company set up to deceive people to make it seem as though something -- something is happening that is not actually happening. interviewioned in the -- you got to speak at length about the investment in herbalife. did he have anything in

bill ackman said compare this to enron. jim chanos, no stranger when it comes to shortselling, why hasn't he opined? >> did opine that he thought the fundamentals were sound. bills fundamentals were sound. look at the time it took built to take down nba. rodeo. not his first these companies fight back tooth and nail. i think what is helping to do is to get to the front of the line. not otherhen investors on the side of the trade. >> it was a dirt cheap stock if it went in the other direction. down,once it starts to go the funding start to dry up, that has been down there and the actual fundamentals have been backwards. -- upwards. perspective, what would bill ackman need to today to put herbalife in the pantheon of fraud? >> today's trading doesn't matter much. the stock is down quite a bit in the last week or so. there is a very crowded short. 35% of the float is short. they actually tell the stories from the dark side. it did not look like it at the time for a lot of people. there are a lot of defenders in that company. it

it is important to note that since bill ackman started his campaign against the company, the stock hasthe reverse of what he hoped it would do. it is up 40%. here is the moment today when things really went south for ackman. watch. >> i'm a huge beneficiary, okay, of this country, okay? michael johnson is a predator, okay? this is a criminal enterprise, okay? i hope you're listening, michael. and it's time to shut the company down, because with that, i'm going to take a break. liz: he is crying, and michael johnson, when he got teary, he, of course, it's important to note said that michael johnson, who is the ceo, is some type of guy running a criminal operation. market doesn't feel that way at all. take a look at the stock, it is jumping. and, in fact, starting just after 2:30 when you, charlie, started to sit down with the chief financial officer of herbalife -- >> his first -- liz: -- it jumped another 3%. >> right. his first interview following the presentation, fox business was able to secure first. i will say this, you know, i said this yesterday, i think bill ackman's a very goo

more details on the circumstantial case. >> this week bill ackman said he would reveal enron-like fraudt herbalife. he billed it as the most important presentation of his career. he focused on the nutrition clubs. his presentation seemed to fail to really influence the market or convince investors of fraud at herbalife. the stock gained 25% during the day. stephanie ruhle is here with more. >> bill ackman said it will be an epic takedown. he compared the big reveal today to something similar to what we saw from enron. that may be the case six months from now when the ftc takes his case and looks at this but today, stocks up 25%. many people are saying it was an epic takedown, maybe it was an epic fail. i had a chance to speak to the cfo of herbalife. he had a long day and it seems he has gotten more relaxed as the day went on. i had to say why don't you sue bill ackman? here's what he said. >> it is an option. i think your case gets stronger every day. >> what stopped you between when this started 18 months ago to today, with everything that he says, why not stop him with a lawsuit? >>

bill ackman bills it as death blow to herbalife. his presentation has been anything but. we have the first word from herbalife after ackman remarks with cfo john di "simone." ruling against obama care that could send health care premiums multiplying. grounded. faa drastic new steps as israel gaza situation escalates. even still, president obama headed out west, why? more fund-raisers. even when they say it is not it is always about money, right? melissa: the death blow to herbalife, bill ackman talking a big game but funny enough investors didn't seem too concerned. the stock surging despite the hedge fund fund titan's threat to send it begging for mercy. we have our very own charlie gasparino, david asman and greg rayburn. thanks for joining us. charlie, what do you think? >> i said this yesterday, bill ackman is very good investor but when it comes to this stock his bark is always bigger than his bite. melissa: how about the tears? >> this got a little bizarre. you talk about your parents, people get emotional. let's be honest here. he is attacking the company. calling f

i would say she is part of the three-ring circus with bill ackman as the ringmaster. moment. we had a chance to talk with bill yesterday. he said this would be the biggest day of his career, ok? he said it would be an epic takedown like no other. he likened the herbalife situation -- this health shake company, vitamin company, to enron. get your head around that. enron. take a look. >> the only clue i will give you for tomorrow is enron, if you remember, had a fake touring room. they were touring people around the campus, setting up workstations, having people look like they were trading. do you remember that? >> yes. >> that is my biggest clue for tomorrow. >> the biggest clue for tomorrow, meaning today. he went onto say they have hundreds of hours of video and audio that they will turn over to regulators that are exposing these clubs. he has spent over $50 million of his investors money. you have not seen this before. likeave big-time activists dan loeb, carl icahn, bill ackman, who get aggressive, and they are technically on the right side of the law. people say wh

back to you. >> allergan, valiant, just two of bill ackman's holding. eating #worstofwallstreet. first, he joins us now in a first on cnbc interview. bill, welcome back. it's good to speak with you. >> thank you. >> let's talk allergan first off of meg's report and looking at these earnings which by all accounts should be viewed pretty well, beat on both the top and the bottom line. do you and valiant now need to raise your offer for allergan? >> i don't think so, actually. you know, it's interesting, if you look at the market reaction, valiant stock's up 2.4% today. allergan's up 1.9% today. those are pretty significant moves. and the deal spread is down 56 basis points to 2.8%. so what does this mean? it means that the market believes that the probability of valiant acquiring allergan has gone up. the deal spread narrows, people perceive the probability increasing. why is that? why do people believe the deal has a higher probability of happening? the answer is that allergan has now given it its best shot. if you remember in february, they said they wer

they're following -- they are 'slling ahead of bill ackman presentation. he claims that they mislead distributors, misrepresent sales figures, and sell commodity products at inflated rises. u.s. regulators and law are investigating those claims. more markets in 30 minutes. bottom line up next. >> of them back to the second half-hour of bottom line on bloomberg television. it is time for the commodities report. , oil prices continue to show leading theural gas climbers. favorable weather, forecasts for this boost a bumper crop. yield of 171 bushels per acre. cites a lack of heat throughout the midwest is giving a real shot in the arm to the pollination and soybean growth. there was impressive figure size. -- that smashes yields according to economists. natural gas futures fell more than 3% at one point. it was all about cooler weather ahead. pretty -- been some some pretty big storage numbers. what are we hearing about metals? >> one big focus on a metal we don't hear about, that is aluminum. aluminum trading in london for all the rough and tumble trades ar

bill ackman versus herbalife.ime for those very important earnings reports from microsoft, apple and electronic arts. it's the second hour of the "closing bell" with kelly evans. i'll see you tomorrow. >>> welcome to the "closing bell," everybody. thank you, bill. i'm kelly evans and here's how we're finishing up the winning day across wall street, but it doesn't look like the s&p 500 there was going to close at a record high. it's at 1,983. the highwater mark 1,985 from that jobs report released on july 3 that was stronger than expected. markets have been trying to get back to those levels. today a little bit of a turnaround tuesday as the dow adds 60, closing to talmost the all-time high. nasdaq up 0.7%. we're waiting for a couple key tech bellwethers to report, microsoft and apple. before we get to them, let's get straight to the "closing bell panel." jerry bernstein, our own sharon epper stone, shark tank investor kevin o'leary, and "fast money" trader bryan keian kelly. before we get to the companies due to r

what went wrong and what will come of bill ackman's billion-dollar bet against the company? t's bring in the wayne stanford, who covers herbalife, and contributing editor bill cohen. i characterized how i felt watching the presentation yesterday. what did you see, doing -- and duane? >> it was a long presentation. the lead up was repetitive. i think people were expecting him to get to the meat of the argument sooner. what you saw with a detailed mistybout some of the that he sees and some of the things that could go wrong assuming everything that he found there is true, and what that adds up to his questions about whether the company is actually regulating and overseeing distributors strong enough. the big question that investors have is whether that actually, that anecdotal evidence actually adds up to some sort of action by the ftc that would be meaningful, such as shutting down the company. , like a duane stanford good report, is playing it safe area how did you feel -- safe. how did you feel? >> i felt like it was dÉjÀ vu all over again. having lived through the december,

bill ackman herbalife trade.king their head. >> here is the thing he brought so much attention, not just that he went short, i know plenty of short-sellers that don't try drw this much attention to themselves. they have gone short. basically secretly going short on the housing market back in 2006, 2005 taking it at cost alone, now he is drawing a lot of attention to himself particularly after wednesday's performance at the latest sort of presentation to show herbalife to be where he got up there and said before it on a rival network which i cannot believe it took him at his word because he is a very good investor, but his barks always bigger than his bite on herbalife. it was a dud, did not provide us any more information. the stock went up 25%. so now, put all that together, you're getting a lot of scrutiny from his competitors and elsewhere about what this guy charges, what is going on with this. he went publicly during the presentation and said he spent $50 million on one stock, herbalife. i've talked to a pro

bill ackman is not involved in this because he's the better business bureau. in this to make money. okay? he basically said yesterday he was going to give you something today that when you looked at it, the market would then restroert where he thinks it's going. which is basically zero. is the problem that the messenger -- does wall street look at this and say the messenger, delivering the message you say there's truth to, is it the wrong messenger? i suspect that people just want one thing in the end. >> is the ftc, court, the ftc, someone, going to say that there's a problem with this company? and perhaps with the industry. i think in the en, until that happens, anyone were come out and present anything, say anything. that's what's going to make a difference here. between here and there, people will trade this stock. >> yep. they will. herb, thank you so much, and speaking of trading the stock, outspoken herbal life shareholder bob chapman buying herbal life aggressively on yesterday's dip. the managing merge of chapman capital and joins us on the phone. bob

bill ackman will point out -- one of the classic examples is the refund policy. it used to be you had to pay for a restocking fee. you paid for the shipping to get the product and to pay for the shipping to return it later. they changed that so the only fee you pay is the original shipping. you do not pay that restocking fee. they have made several changes like that over the last two years. what ever happens with bill ackman's eventual case, one thing you can take away, he has pressed the company to make its business better. >> indeed those rules about returns are not a small thing. 1979, the federal trade commission decided if you did not accept returns, that was one of the things that went toward defining what a pyramid scheme is. >> and it is very important when it costs you to return product, what kind of risk there is there. one of the cases bill ackman makes is people are coerced into buying a lot of product they cannot eventually sell. herbalife says the business is risk free for people now because they can return all of the products within a year, and so

bill ackman took another big swing at herbalife today and seems to have missed. the nutrition companies sells shakes and encourages better diet and fitness through organized clubs sent shares of the stock way up as bill ackman who runs the hedge fund described it as a criminal fraud that tar getzs the poor. in a 3.5 hour presentation, he spent $50 million and hiring a team of resedgers to go undercover at herbalife clubs from queens new york to chile. he said they targeted low income people, many in the latino community and costs $3,000 before they become product sellers. something they achieved through required attendance and forced purchases of products. >> when you run out of countries, you have to go deeper and deeper when and when you run out of middle class people, you go after people that make $2 a day. >> reporter: the presentation seemed to have the opposite of the intended effect driving the stock to a six-year high. the reason? the investors were expecting a bigger and less nuanknenuanced revolution. the chief financial officer said that ackman misunde

bill ackman is for me aback, front and center. he is presenting.rt.he is it could beld -- his moment for an epic takedown. we have been waiting for that for almost 1.5 years. >> just a few days ago, herbal life called his campaign against the company "propaganda." you are right. the onus is on bill to prove that it is something other than propaganda. all of these other events that he has staged, apart from the initial presentation -- it was pretty compelling, even if the investigation has not proved every accusation correct. these events that he has staged have not materialized into epic takedowns. >> he has had a number of massive investors on the other side. out of them have closed their positions, whether you are talking about demo -- dan loeb. you have not seen another investor side with bill ackman. the regulators have gotten involved. bloomberg did a piece recently about herbalife people who claimed they were victims. other organizations who said they looked at individuals who worked with herbalife and got the wool pulled out from under them.

bill ackman hates the company, carl icahn likes it. icahn's long herbalife, shares of the nutritional shake company up some 26% over just the last five days. we'll see if the pendulum swings the other day when herbalife's earnings hit the tapes after the bell. i'll have those numbers the second they come out. >>> as we look at all these deals monday, we take it to wall street. as we mentioned, carl icahn, family dollar and dollar tree. they've agreed to roughly $8.5 billion, and that's just today alone. so safe to say that uncle carl -- did i say that right? >> uncle carl. liz: uncle carl is feeling pretty good, charlie. can we say that? >> here's the thing, when we first reported this, what we really brought to the table was that carl was pushing for this company to be sold, okay? the one company that he mentioned to me when we spoke at the time was dollar general, right? as a potential purchaser. dollar tree came up to the plate today and bought it. so that's kind of the interesting thing is carl icahn is back. this is a clear win. y

that led to wanting to get more from bill ackman. e is basically saying it is a shame this great research that this case that they laid out was completely lost because of the hype. >> she is the person who originally gave bill this idea. let's put into context who wish saying the great research was overlooked. >> she is. she took issue with analysts and conference call for herbalife's earnings, they did not ask a lot of probing questions. she is taking it as they eight northwood is in their view, an important question. they are trying to get the word out saying we stand by the research. now, they're saying do not the fact that we messed up on the pr side over shadow the fact that there are interesting questions. >> they may be right. thank you, duane. >> t-mobile has more wireless customers than expected. you will hear from john leger. ♪ >> target has a new ceo. brian cornell is coming over to target from pepsi to clean up the mess. julie hyman is here with more. what can we say about the new boss? >> he likes drinking pepsi. you can

another day another tile added to the rich mosaic that is the bill ackman herbalife saga tuesday morning billionaire hedge fund manager bill ackman declared loudly and to anyone who would listen that yet again he believes herbalife is a pyramid scheme the pershing square capital boss gave what he called the most important presentation of his career to hundreds of folks gathered at the conference in midtown manhattan for more than a year and has been loudly shorting herbalife a nutritional supplement company that he believes is a pyramid scheme his presentation tuesday focused on the company's so-called nutrition clubs but did act men's bark prove worse than his bite as herbalife c.f.o. john de simone said it what see did and. factor in adman's presentation herbalife stocks surged fifteen percent and while the two hundred fifty plus live presentation was very decked out with detail there wasn't any major bombshell in it now the biggest take away it was that act and believes the company is skirting labor laws with its nutrition clubs going to ledges that herbalife has fictitious customers

first up billionaire hedge fund manager bill ackman just wrapped up his latest presentation on the shortcomings of nutritional supplement producer level life so what did you say and why is he calling this presentation the most important of his career with look into it coming right up then francis coppola is on the program that madame called plus the down with me earlier to discuss financial warfare pretty tough stuff at the moment and in phase big deal edward harrison and i are discussing subprime auto credit risk and the straw that breaks the camel's back it all starts right now. another day another tile added to the rich mosaic that is the bill ackman herbalife saga tuesday morning billionaire hedge fund manager bill ackman declared loudly and to anyone who would listen that yet again he believes herbalife is a pyramid scheme the pershing square capital boss gave what he called the most important presentation of his career to hundreds of folks gathered at the equitable conference in midtown manhattan for more than a year and has been loudly shorting herbalife a nutritional supplement company

bill ackman's presentation against herbalife was a failure, let's be frank. the stock rallied to levels it has not seen before. do you think there is any real substance to mr. ackman's claims? tweet us @fbnatb. your answers coming up. ♪ [ male announcer ] once, there was a man who found a magic seashell. it told him what was happening on the trading floor in real time. ♪ the shell brought him great fame. ♪ but then, one day, he noticed that everybody could have a magic seashell. [ indistinct talking ] [ male announcer ] right there in their trading platform. ♪ so the magic shell went back to being a...shell. get live squawks right in your trading platform with thinkorswim from td ameritrade. we're changing the way we do business, with startup ny.atform we've created tax free zones throughout the state. and startup ny companies will be investing hundreds of millions of dollars in jobs and infrastructure. thanks to startup ny, businesses can operate tax free for 10 years. no property tax. no business tax. and no sales tax. which means more growth for your busine

>> bill ackman would say the one skill set is survival. been able to survive as a multilevel marketing company for 25 years. that has been an amazing thing. >> the company has been pushing into new markets. ackman has criticized that. why do people in sub-saharan africa need this? that is traditionally how they have grown. they go into new markets. >> they're going to be looking at what is going on with venezuela. arcing schemes are not allowed in china. >> there you go. i know what you will be watching. cory johnson and julie hyman. what we have coming up next? >> we have more on zillow. spencer will join us. we will figure out the strategy behind this transaction. we will hear from him about the future of real estate. stay with us. makers."market good morning ♪ >> 40 years ago larry flynt started a publication that has become one of the most recognizable names in media. hustler magazine. i spoke with larry about the birthday bash that happened over the weekend. it was sad that i missed it. we also talked about his legacy in the future of

bill ackman is not a little guy. i'm not trying to help him. >> ge. >> ge's killing, my friend? >> what's up? >> jeff immelt won't come on the show, maybe we could make sense of it. my charitable trust owns it and it has been killing me. jeff immelt you are always welcome on the show. i know you can explain the strategy including his most recent acquisition and when you do, i think the stock goes higher, until then $26.36 forever! we'll get the last quarter and what worked and the pipeline, production, m and a, new tech, get in on weakness. "mad money," can allergan withstand it? i have an exclusive, pyott. can that be the beginning of a move because of an innovation of an industrial. >> today's modest rebound aside, and the market's been taking a bit of a dip and i'm taking a look at stocks that could be signaling buy. don't go anywhere. >>> don't miss a second of "mad money." follow @jim cramer on twitter. have a question? tweet cramer. #madtweets. send jim an email to madmoney@cnbc.com or give us a call at 1-800-743-cnbc. miss something? head to madmoney.cnbc.com. really... s

within a we have bill ackman shorting herbalife back in 2007.id einhorn shorted lehman brothers, and his pet turned out to be the correct one. >> that is one of the debates in the market right now. when personal opinion -- if i am in the government, i want evidence wherever i can get it. to the extent there is a market incentive to bring crime or alleged crime or alleged wrongdoing to the attention of the government, that is a good thing. that said, there is a risk, when you have people who have such a strong, strong economic interest in just the start of an investigation, not even necessarily the outcome -- the start of an investigation time drive the value of a security down. that is a risk. i think there is a real cost-benefit analysis that needs to be done. government, ie care about knowing about potential wrongdoing. >> i want to circle back to something that was mentioned in the piece. ofare talking about a group latino litigants, about 16 of them in chicago. does the fact they were all from the same ethnic group raise a red flag? >> they

i feel like the story is always told that it is bill ackman versus wall street or some -- like it is a wall street story and not a business story. but indeed, they admit they are changing business right this is because of what they call -- they have a line item in their results called "the attack cost" of what they are spending to fend off attacks. it is hard to imagine the business would need to spend to defend itself if they did not have something that they did not want people to look at. >> they have spent the last two years changing various aspects of the business. one of the classic examples is the refund policy. a used to be you had to pay for a restocking fee. you paid for the shipping to get the product and to pay for the shipping to return it later. they change that so the only shipping you pay if the original shipping. you do not pay that restocking fee. they have made several changes like that the last two years. what ever happens with bill ackman's eventual case, one thing you can't take away, he has pressed the company to make its business better. >> indeed those rules a

the reason we're talking about it is because bill ackman is involved. if there was a lot of no namers involved. it wouldn't be a huge deal. it is a huge thing as far as pharmaceutical industry is concerned. i owned allergan, as soon as the stock popped week sold it. valiant is not going to end, allergan's ceo is going to do acquisitions and believes there is much more value. deirdre: i don't know if he's doing acquisitions, he doesn't feel like being purchased by valiant. shareholders are saying you have to do something, preferably a deal. if you don't accept this bid, fine, do something. >> we give too much weight to the activist investors. we wouldn't care if ackman wasn't involved here. i think he's rearing his ugly head and shouting from the tops of the trees. >> there has been a really golden age of activist investing, because when you talk about ideas for individuals, it's individuals and corporations who honestly don't have that many great ideas what to do with money, and corporate america is not that different, there's a lot of activist investor

on 27 million shares. >> not convinced by bill ackman.ram bored by the soap but i am fascinated by the definitions of pyramid schemes. is arbalife states that it legitimate business, a multilevel marketing business. we will follow this story. coming up on bloomberg "surveillance," one week away from the fomc's next decision on interest rates. what should we expect from janet yellen and company? we discussed with mike mcdonough, bloomberg's chief economist. this is "surveillance," tom, aj, and i will be right back. ♪ >> good morning, bloomberg "surveillance." and other beautiful day. a little hotter in new york city. it was heating up over the new york mets, nine games back with the washington nationals. the yankees putting it on, playing five-15 baseball. everybody except 18 northeast of new york -- they are struggling. this is bloomberg "surveillance," i am tom keene. with me, scarlet fu and adam johnson. how about a data check? not much to talk about. a little bit of economic data. feature go up for, we continue to advance. yields lower

cheryl: bill ackman, carl icahn, do you feel left behind by these investment superstars?e'll tell you about a fund that gives you the chance to invest like a activist without being a billionaire. >>> the u.s. soccer team may have ended its world cup journey yesterday, but the u.s. goalkeeper had one of the best performances in world cup history. we'll have highlights coming up next. ♪ [ male announcer ] some come here to build something smarter. ♪ some come here to build something stronger. others come to build something faster... something safer... something greener. something the whole world can share. people come to boeing to do many different things. but it's always about the very thing we do best. ♪ then you'll know how uncomfortable it can be. [ crickets chirping ] but did you know that the lack of saliva can also lead to tooth decay and bad breath? [ exhales deeply ] [ male announcer ] well there is biotene. specially formulated with moisturizers and lubricants, biotene can provide soothing relief and it helps keep your mouth healthy, too. [ applause ] biotene -- f

options traders are probably thinking whatever happens with bill ackman's comments, it's not likely to cause it to go higher, it could cause it to go lower. >> it sets up, i fell there was so much buildup going into this, there will be a squeeze tomorrow for the upside. >> deliveringal far, if you listen, bill ackman said i hope it's almost like he was telling carl to get out because you foe what he's been right. he's going to be wrong him my view all along is carl can be right in terms of price. i think bill will be right in terms of the story. >> that seemingly is playing out. >> time frame-wise, tell me a time frame. >> stock has gone from 85 now not in the straight lines, where is it trading forenow? you can absolutely see bill winding up, having horrible positions. >> enron-like structure? >> all i'm saying, i know nothing about enron-like. i know bill. he can prove to be right. >> check out the website options action.cnbc.com. my thanks, to mike koe inbound boston. join us tomorrow for first interview with herballife john decy.. let get to some tweets. you traded we traded you tw

investors are not buying bill ackman's herballife speech. we have the latest on this battleground stock coming up. with state farm, buo saved 760 bucks. love this guy. so sorry. okay, does it bother anybody else that the mime is talking? frrreeeeaky! [ male announcer ] savings worth talking about. state farm. but i've managed. ♪ i got to be pretty good at managing my symptoms, except that managing my symptoms was all i was doing. ♪ when i finally told my doctor, he said my crohn's was not under control. ♪ he said humira is for adults like me who have tried other medications but still experience the symptoms of moderate to severe crohn's disease. and that in clinical studies, the majority of patients on humira saw significant symptom relief. and many achieved remission. [ female announcer ] humira can lower your ability to fight infections, including tuberculosis. serious, sometimes fatal infections and cancers, including lymphoma, have happened; as have blood, liver, and nervous system problems, serious allergic reactions, and new or worseni

you've let bill ackman control the knavetive, haven't you? >> our key role is to deliver results. what we focus on. when bill came out 18 months ago, we divided the company into teams and decided michael, that walter, the president, the coo just focus on performance. that's michael's job. i think that we gave mr. ackman too much of the podium. that will change. there's an ogranic drive in the company. we have 550,000 districters and members in the u.s., and there's an ogranic drive within that group for us to tell the truth about herbal life. >> there's been instances, and i'm sure you'll readily admit where distributors of herbal life made claims about the product that may not have been true, have said things that you, as a company, had wished they hadn't. you started retraining people as a result. correct? >> so let's put it in context because we have a four-prong approach to compliance. it's integrated. the first -- so we have 550 members in the u.s. we have more than 3.5 globally. within the group, the overwhelming vast majority want to behave with the rules. first prong, educ

we just heard article icahn and bill ackman. what's your take away from that conversation? >> one thing ackman talked about how difficult allergan board is and to call a meeting. it wouldn't shock me to see icahn become a shareholder. obviously, with that much money, he would be a big shareholder, maybe help bill along in his solicitation to call a separate meeting. >> that would be nice. >> john paulsen is an allergan shareholder. we said he sees that being a significant upside from there. >> that does it for us here at "fast money" from the delivering alpha conference. "mad money" is up next. at every ford dealership, you'll find the works! it's a complete checkup of the services your vehicle needs. so prepare your car for any road trip by taking it to an expert ford technician. because no matter your destination good maintenance helps you save at the pump. get our multi-point inspection with a synthetic blend oil change, tire rotation, brake inspection and more for $29.95 or less. get a complete vehicle checkup only at your ford dealer. if energy could come from anything?

if bill ackman is trying to bring down herbalife, he's doing a really bad job.ck is soaring despite another presentation on why he thinks this is a fraudulent company, this is herb greenberg, a cnbc contributor and at one point he started to tear up or cry openly on stage. do we know why? because the stock is up 16%? >> i don't know, he's probably getting emotional about a variety of things there. he claimed he did not know what the stock was doing certainly at that point. i think the situation here is that -- and his mistake is that he came out and said this was going to be a bombshell. if you look at the details of his argument, they are actually very important questions and the results of their investigation, two years of investigating that they point out, but wall street, it doesn't care about that. all people care about is when you say you're going to come out with the most important presentation of your career, they say you have some e-mail, film on somebody, something that will not just be circumstantial. that in this case was not perceived to be the resu

for "nightly business report" i'm meg tirrell. >> bill ackman the investor we just saw in meg's story is obviously a busy guy. he's also embroiled in a longtime short selling campaign against the vitamin supplement company herbalife, calling its sales model a classic pyramid scheme. shares of the company tumbled more than 11% today after ackman said he expects the company to collapse. ackman has long had a major short position in the stock, meaning he is betting that it will fall. >> more now on the international reaction to that downed passenger jet over ukraine. russia has been condemned by the west for its support of the russian separatists who are likely to blame for the tragedy. it is getting support from china. >> reporter: china is warning against rushing to blame russia for the downing over ukraine of malaysia airlines flight 17. since the weekend the chinese press has been highly critical of the west's approach saying in editorials the country like the u.s. are too quick to point fingers at russia and moscow-backed rebels without hard evidence. tiny state news agency xinhua h

cnbc lets bill ackman go on to trash your stock and grab ratings.ime you let them control the narrative. do you feel like that's a mistake and you should have been doing more? >> you know, when this started, we made the decision, that focusing on our performance, was the most important thing we could do. ackman could win and still be wrong. and now we're 18 months into this, we're getting a more organic drive from our member base, to respond more publicly. >> so you start doing that and will be a big piece, that means you guys will go toe-to-toe with him now? >> we'll not run away from anything he said. melissa: may not run away but lets him control the narrative, right, charlie. >> i do know, carl icahn, big investor took long position as opposed ackman short, carl wants them to fight more. melissa: yeah. >> getting back to the other point about the suing. you can answer this better than me, seems to me once you're shrouded in opinion, once you claim it is opinion, it takes a down two notches, doesn't it? would you say that? >> certainly from a fir

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seem seema mody is at headquarters. >> the long running battle between bill ackman and herbalife ragesackman says he plans to expose incredible fraud. he's making a presentation in new york at 9:15 a.m. eastern time. so about less than four hours from now. ackman says he'll unveil the latest investigation intoer herbalife. ackman appeared on cnbc's first money halftime show. he says he has internal documents from employee toes make his case. >> the company is clearly panicking. and what i've heard from people in the media world is they are quote/unquote freak.. the fraud is in the way they if you fundamentally operate. >> ackman has conducted his high profile campaign against herbalife since december 2012 when he revealed a more than $1 billion short against the stock. he has long alleged the company is running a pyramid scheme through the way it pays its independent network of salespeople. ackman's claims prompted investigations by the s.e.c., federal trade commission, fbi and two state attorneys general. herbalife has responded monday on its twitter account saying it's confident in t

valeant and investor bill ackman are leading an effort to buy allergan which allergan has rejected. scott wapner's program later today. on the halftime report. he's going to appear at 12:30 eastern time so you're not going to want to miss what he has to say about all this. >> let's get a check now on oil and currency markets in the face of escalating tensions overseas. joining us to talk oil is matt smith of schneider electric. he's an energy analyst and from new york on currencies is bk asset management managing director. kathy, i -- mohamed might jump in, because i asked him specifically if either one of these geopolitical situations were to affect a market somewhere, what would it be? do you have feelings on this? >> well, i think that the only market that's really affecting are the local markets. because this is not one of those events, or you know, both israel and gaza, as well as the malaysian airlines are not events that will increase volatility historically. and the market are looking at these events very localized events that won't cause significant macro disruptions. we're