whoever traded this, and if it was bill ackman, that's likely. the important thing is is here is when you're putting it on with bets, this could take a very long time. and that's assuming he's right. but if i was taking a look at the situation, the risk-reward relationship seems a little expensive for my perspective. i might actually look at potentially selling call spreads to collect some premium to help finance the purchase of those longer dated puts if i was going to be making a bearish bet this way. >> carter, what is your take? >> it's dreadful. that doesn't mean my interpretation. that's as clear as the nose on the face. we can all see something is wrong. the $50 level has been breached, and the presumption is lower prices. >> what would you do, bottom line? >> i think the tough press at $50 a stock is down 5% on the year. but here's the thing. i believe bill ackman is right. he's laying down the gauntlet to herbalife management. he's saying i'm here to stay. they don't know what he's got in the over-the-counter market. and back in february

and bill ackman is laying down the gauntlet to herbalife management. d back in february, they issued a $1.1 billion convertible note. i think they did it to squeeze ackman. they've got nothing left, and he's got the staying power here. i think a lot of investors think it's an asymmetric bet, but he's pushing it out. >> would you ride along? >> well, i would wait until the high $50s, $60. >>> coming up, is the housing market back? that's next, when "options action" returns. time and sales data. split-second stats. ♪ its so close to the options floor, you'll bust your brain-box. all on thinkorswim, from td ameritrade. you know what i love america? fine barbecue, good times and zero heart burn. and that's why i take prilosec otc each morning for my frequent heart burn because it gives me zero heart burn. prilosec otc the number one dr. recomended frequent heart burn medicine for nine straight years. you can beat zero herat burn prilosec otc one pill each morning [b♪ll rings] 24hrs, zero heart time and sales data. split-second stats. ♪ its so close to the o

what is billionaire bill ackman, the activist investor who hates herbalife. what's he doing after the failure of his so-called death blow against the company? charlie gasparino as part 35 of this unbelievable sexy soap opera that we just love to follow, it's unbelievable the ecos of herbalife. >>> one of the few drone used by rebels during the libyan revolution, capturing images of artillery units firing big guns. that's not all. aeryon labs, the ceo and co-founder of aeryon labs dave kroetsch to talk about his new generation of unmanned backpack aircraft that you yourself can assemble in about 20, 25 minutes. we did it. as our continuing series "rise of the drones" moves up one notch. hard it can be...how ...to breathe with copd? it can feel like this. copd includes chronic bronchitis and emphysema. spiriva is a once-daily inhaled... ...copd maintenance treatment... ...that helps open my airways for a full 24 hours. you know, spiriva helps me breathe easier. spiriva handihaler tiotropium bromide inhalation powder does not replace rescue inhalers for sudden s

itit is the only time that is fun to report on them. >> what does bill ackman get out of it?> he bets long-term, essentially permanent capital. the hardest part of being an activist is you do go through volatility. you go through periods of doubt. it is hard sometimes to convince your investors to stay with you and that your long-term vision is correct and it may take some time to workout. this is a way for him to have permanent capital. >> that can happen if you are a public company, too. you can have your investors bail out on you as well. >> you certainly can. public companies face this problem all the time, but hedge fund managers can have a particularly volatile investor base, and doing activism where you really do need to look at time rises of 3, 4, and five years, and i think pershing square's average investment is four years or more, you need to have the investor stay with you through the whole cycle and to the extent that they're pulling their money out, they are pulling the rug out from underneath your investment. >> by the way, greg, would you go public? >> i think

essentially through a vote of confidence in bill ackman, this will get done.wise we heard david einhorn of green knight capital trend is apple holdings. he added time incorporated. 72, which is managing hen number steve co added to its stake in berkshire hathaway -- in yahoo!. >> what about berkshire hathaway. >> they are essentially adding .o charter communications directv is being acquired or agreeing to be acquired by at&t. just a note as well -- when you look at berkshire's 13f versus f, foreinhorn's 13 example, why are they useful? they are a snapshot of what these guys are doing. in the case of berkshire, it is likely to be more useful. berkshire is a buy and hold shop. 13f,u look at a dan loeb he is more of a traitor. if you're looking to follow what these guys do, you have to keep that in mind. >> julie hyman, thank you. speaking of berkshire and warren buffett, class a shares of hit a buffett's company record of just over $200,000 a year, up 14% so far this more than three times the return of the s&p. talk about an outperformance. join us to look at w

this is the special meeting that valiant and bill ackman have been pushing for. >>> now that burger king and tim horton's are a couple which other chains would be a good match for each other? you have your opinions, and thank you very much for them. in fact we'll be reading your tweets. >> first, possible corruption, freezing a deal with apple and the l.a. school system, guess who is going to suffer? that's right, the students. a sad story, coming up. n happen. with fidelity's guaranteed one-second trade execution, we route your order to up to 75 market centers to look for the best possible price, maybe even better than you expected. it's all part of our goal to execute your trade in one second. i'm derrick chan of fidelity investments. our one-second trade execution is one more innovative reason serious investors are choosing fidelity. call or click to open your fidelity account today. >>> companies have ceos, why can't a federal health care plan? meet the first ceo of obamacare. thank you very much for joining us today. i want to ask you this to start. you were returning the connecticu

a pair of big bets by bill ackman.onaire behind pershing square capital management picked burger king to rise and herbalife to fall. he was right on both counts. they gained $200 million yesterday. cost half ala could billion dollars. that is the forecast from the world health organization. died.eople have the death toll may exceed all a outbreaks combined. those are the top headlines. >> that really bears continued watching. >> it could spread the congo. >> this is a new strain. a the problem there is it is public health crisis. they don't have the resources. an important issue. the emmys last night, i knew no one. no one. help me here. >> hbo did not win is big. any of -- did not win the big categories. >> the dragon did not take the best i can. >> you can't claim that you don't know breaking bad. do not adjust your bow tie in front of me and tell me that you have never heard of breaking bad. >> i have heard of it. our best chart is on hbo versus netflix. even before the winners were announced, hbo was the big winner

allergan has also filed a lawsuit, you may recall, alleging insider trading against valeant and bill ackman for the way that this was all sorted out. the s.e.c. has declined to comment. the other twist here is that while we're learning here from dow jones that the s.e.c. is apparently investigating here, one of the attorneys apparently consulted in this whole process from the outset by pershing square was robert kutzami, a former s.e.c. enforcement chief, who you would believe would have signed off on this process of being able to acquire a large stake in allergan knowing that a joint bid for that company would subsequently be coming. so that's the latest now. and that makes it even more of r an interesting story. the khuzami angle, a gentleman inside the securities and exchange commission as it related to their enforcement division. it's a story we'll continue to follow. the s.e.c. at this hour to cnbc has declined to comment. but that story is one we'll keep our eyes on for certain. we'll be back to you as we get any more developments on it. >> scott, thank you very much. a very controver

bill ackman, tangling with yet another adversary and this one is a lot bigger than herbalife. his pershing square hedge fund now suing the u.s. government over profits from fannie mae and freddie mac. meanwhile, the sec report he had i investigating whether ackman's pursuit of allergan violates insider trading laws. sort of bill ackman versus the world right now. he will take on all of it. what do you think? >> 20th lawsuit involved with fannie and freddie. this is lot of hedge fund activist managers are going after this much the real issue, has fannie and freddie paid all the dividends they owe back to the government and that will have to be decided in court. melissa: it is an interesting claim. they say the government is stripping profits from fannie and freddie unconstitutionally shortchanging investors. you laugh? i don't know. i think it is reasonable. >> it is ingenius, going after common stock and something different than the previous lawsuits with preferred shareholders. but i think it is, he is not going to win this suit. >> good luck, picking on the government. i wis

. >> and the latest news, a lawsuit filed by allergan in federal court against valeant and bill ackmanletations of federal securities lawsbasically saying teaming as they did, mr. ackman buying allergan shares as he did, as part of that bidding group, he would point out with valeant, in violation of insider trading laws. rule 14e-3, s.e.c. rule, valeant had a duty not to disclose i its -- its potential tender offer, which by the way was not making originally for allergan shares but has now moved to, and, therefore, mr. ackman's buying the shares with that fore knowledge of a potential tender offer was insider trading. a lot of discussion about that in the past. of course, when we first saw the transaction, and ackman vehemently disputed any notion of it, but this raises the bar yet again in this heated battle whether or not it actually will pass muster with the court, of course, is something yet to be decided. >> this question had been brought to bill ackman several times, and his defense was, in any situation where we were becoming an activist and hoping the two companies would merge,

but i can tell you that i just got off the phone with bill ackman himself.d that neither pershing square or valeant took any steps towards a tinder offer before buying allergan stock. that would be prohibited under the law. you could not propose a tinder offer or take any steps whatsoever towards a tinder offer and then acquire the stock. so he tells me neither pershing square or valeant took a tinder offer before buying the stock. it was only after allergan rejected our three offers that we decided to launch an exchange offer. ackman speaking with me, confirming what this statement from pershing square says. now, valeant has made a comment saying, we are confident the trading was completely lawful as our reply to allergan's frivolous lawsuit will make clear. va valeant are also referring to the allergan lawsuit of earlier in the week or last week, accusing pershing square and valeant of insider trading. so that's the latest development, mandy, as we have it. statements from both valeant and pershing square and a conversation between bill ackman and myself i

. >>> securities and exchange commission looking into the joint bid and activists investor bill ackman for allergan. regular lay tomorrows a-- investors are investigating. shares up to $155.60 and shares of amgen hit a record despite a bach of mixed news. the bio tech company released ki disappointing treatments and recalled a drug from the middle east but positive findings from another study are trumping the failure and according to a new file, that helped push shares up 3.5% to $131.86. >>> meanwhile, mirk got the okay for a new type of sleeping pill. the drug is designed to help people with insomnia to stay asleep. >>> so if you're a k-cup lover get ready to pay more. green mountain is raising prices by 9% for the portion packs of coffee. it blamed the price hike on expensive coffee bean prices and rising cost for energy, packaging and transportation. shares rose slightly. >>> coke and monster beverage are teaming up. coke took a 17% stake in monster worth more than $2 billion. the beverage giant will transfer the energy drink as part of the deal and monster will give coke the non-e

bill ackman is seeking to raise money in an ipo this year. he is currently waging campaigns against companies such as herbal life -- herbalife. those are the top headlines. >> to the latest on gaza, we are getting word that hamas has agreed to accept a 72 hour extension of the cease-fire agreement. this according to hamas tv in gaza. latest you are hearing from the negotiations and reports of rocket fire? .> good evening the palestinian representative in cairo speaking a few minutes hamas has agreed to a five day cease-fire extension. anminutes ago, a quarter of hour before the cease-fire would end, three rockets reported landing in southern israel. another rocket about an hour and a half ago. it is very unclear whether the cease-fire is going to hold, whether the israelis will respond. the official cease-fire ends around now. whether this extension will hold, we will have to wait and see. bucks you spend some time near the border with gaza. -- >> you spent some time you're the border with gaza. what did you find there? >> a lot of businesses

bill ackman is trying to fast-track litigation against allergan. the move is part of a $54 billion takeover bid. ford begins selling the new generation of its mustang. it will be exported to more than 120 countries. the 2015 mustang will start at around $24,000. >> a right-hand drive mustang? that is un-american. >> do we not need more of those in the u.k.? [laughter] geoff dennis is all for it. >> malaysia airlines is losing customers and employees and is struggling to bring them back after the disasters. we will discuss this after the break. "bloomberg surveillance" on your tablet and everything else. smartphone, bloomberg.com, everywhere you go. we will be back. ♪ >> good morning, everyone. "bloomberg surveillance." -- jordann solo "in thewill be on loop" this morning. >> malaysia airlines. we had the two disasters within four months. we are still trying to solve the first one. they have started to narrow the area where they have been looking for the flight. that continues. the airline itself is struggling. the company was supposed to report ear

hyman.k you, julie wrapping up with bill ackman.retty good year so far. " after "market makers, this break. ♪ >> it is 56 past the hour, which means bloomberg is "on the markets." on thea look at equities s&p, surpassing 2000 for the second day in a row. the dow jones industrial average rose above its record closing high. you look at these numbers, and they are just round figures. >> but it is worth taking a moment to ask yourself if they mean anything. could bebe 2002, it 2003, it could be 2004. or 17 145. where are stocks going next? >> they get a bad rap for being a bear. they saw 7% decline in the s&p to 1850, partly because she is wearing -- word about things like profit margins. >> she sees the fed is the key player in deciding whether stocks go up or down. jeremy siegel of the wharton school of business believes that there is more involved, that there is enough strength in the economy to drive corporate profit, or the corporate growth will matter more than the impact of a 50 basis point height -- hike that the fed might have.

which is private equity firm the other bits of it were owned by bill ackman pershing square so you know it's mostly private equity owned americans themselves they don't care they're still like. this is an american company we love it we're patriots we're going to consume here but the other thing is you mention the tax back in the one nine hundred sixty s. the government revenue here in the u.s. was about twenty percent from corporate tax free now it's just about ten percent so here even that share though all the american corporations burger king is very much associated with the american brand that they are fleeing america just when patriotism is rising here the a burger king shop was bought out by private equity and then it was relisted as a public stock offering and of course the private equity is fueled by ultra low interest rates from a compliant that is on beck and call from the oligarchs of america to lend them money at near zero percent are in some cases under zero percent a negative interest rate they kind of spruced up the burger king franchise took a public again taking advantag

seventy percent owned by three which is private equity firm the other bits of it were owned by bill ackman pershing square so you know it's mostly private equity owned americans themselves they don't care they're still like. this is an american company we love it we're patriots we're going to consume here but the other thing is you mention the tax back in the one nine hundred sixty s. the government revenue here in the u.s. was about twenty percent from corporate tax free now it's just about ten percent so here even that share though all the american corporations burger king is very much associated with the american brand that they are fleeing america just when patriotism is rising here be a burger king shop was what up by private equity and then it was relisted as a public stock offering and of course the private equity is fueled by ultra low interest rates from a compliance fed that is on beck and call from the oligarchs of america to lend them money at near zero percent are in some cases under zero percent a negative interest rate they kind of spruced up the burger king franchise took i

it accuses the drugmaker of colluding with bill ackman to profit on insider trading. that is a look at some of the headlines at this hour. back to you. >> lesson 24 hours after a cease-fire declared -- less than 24 hours after a cease-fire was phil is withaza, me now. >> 90 minutes, that is how the long the cease-fire hammered out from last night actually lasted this morning before it broke through. basically,eakthrough milwaukee mizzen going forward. we heard strong statements nooughout the day -- optimism going forward. we heard strong statement struck the day. take a listen. >> there is a lot of anger. there is a lot of despair. that is a volatile mix. thee is talking just about cease-fire, not about putting a in gazaall hostilities right now. u.s. officials, after a minor breakthrough last night, u.s. officials have become certain there is no clear path forward and that means we could be looking at this conflict moving on for days, weeks, even months. tothe republicans have tried make a talking point out of the u.s. is perceived as being weak. what does the presid

it's this story about bill ackman and this ai had lergan loss.sued bill ackman and argued for the first time that what he did originally when they made this proposal was engaged in insider trading. we're sort of long had questions about -- >> yeah, is this insider trading? >> how is it possible that the ceo called you, you go buy shares and somehow that's all legitimate? and originally, they argued that it was legitimate because they effectively were forming a partnership and therefore there was no iffiduciary violation. the s.e.c. rules make sense. it is not illegal in a fiduciary standpoint. however, if you commence a tinder offer, it is illegal. so allergan has argued that actually from the very beginning, they always planned to commence a of valeant who said we always thought we'd have to go direct to the shareholders. >> suggests a tender offer. >> mike pearson's people would tell you it's being misconstrued. we always knew we were going to have to communicate directly with shareholders. >> to do what, though? to convince them -- >> to persu

bill ackman, given the right to fast-track litigation.hat meeting of shareholders would surround the $54 billion hostile takeover. for allergan. for september 6. williams-sonoma is down in after-hours trading. while profits rose nearly 5%, is outlook missed on estimates. falling in after-hours trades -- and shares of gas falling in after-hours trade. top is a check of your stories this hour. >> thanks very much, carol massar. the american family is an insecure one, that is what marianne cooper discovered when she look at how the recent recession has affected the american family. the title of her new book is titled "cut adrift: families and insecure times." in teaches gender research -- at stanford university and was the lead researcher on the book "lean in: women and work and the will to lead." that was co-authored by sheryl sandberg. did you decide to write this book? >> i decided to write it because most of the discussion about inequality and insecurity is statistics and it's presented in graphs and charts. but there's a lot of humanity

bill ackman file documents that showed it increased its holdings the company. is it for on the markets. ♪ >> you are watching "bloomberg west." i'm emily chang. silicon valley has become synonymous with arrogance. it's that success that has translated on the backside. ist is exert acted -- rent expected to surpass manhattan for the first time ever next year. the digital diversity report shows a heavily white and asian male workforce. does silicon valley have an arrogance problem? sanmore, i'm joined by francisco mayor and current california lieutenant governor. thank you for joining us. but how did i get involved in this? this is a lose lose. think about the age cohort we are dealing with. so many people in their 20's. find me an industry, and age cohort within that industry in their 20's were there is not a large percentage of people that think they can dominate the world. most of the big breakthroughs you see in the world am i going back to the 1960's and the engineers that got us 45 years ago apollo, most of them were in their 20's. there is an eric and then

some big activity in the options market today around herbalife, has some traders wondering whether bill ackman is pressing his short and upping his bearish view once again. back in january of this year, someone believed by people i've spoken with to be ackman bought a boatload of bearish put options with a $50 price strike. those were set to expire in january 2015. not that long from now. that means he was betting the stock was going to fall into at least the low 40s by then. the clock has obviously been ticking and clicking on that trade. so it appears that today ackman might have just bought himself more time, according to the experts i've been speaking with. it seems that whoever made that trade back in january -- and again i'm told by options experts that only one person could be that person, just rolled out their bearish bets for another full year. even committed a lot more capital, around $50 million to that view. this person clearly seems to be only increasing their conviction that herbalife is going to fall and fall significantly over the next 12 months. whether it's ackman or not is u

bill ackman pershing square is use suing the u.s. government. i love it.m stripping fannie mae and freddie mac's profit illegally shortchanges investors in the common stock. he is with ralph nader on that one. >>> supervalu is investigating a data preach that might have affected a thousand stores. card numbers, expiration dates, cardholders names and other information may have been stolen. >>> facebook new messaging app failing to impress users. 949% have given the rating one star across all the app stores. >>> a start up for $200 million. south korean company joining competitors apple and google in the race to connect home appliances. >>> microsoft building a snapchat-like app for the new phone. time-sharing app is called wind up. that is today's "speed read." liz? liz: monster beverage soaring today as coca-cola take as 17% stake in the company, if you had listened as we do to our own charles payne you could have made big money. listen now. >> my main thesis for being investor in market this, year, last year they had $500 million in sales outside of the

brad tweets bill ackman and the entire herbal life board. goes without saying, donald trump.en others come in as well. cramer got some. bernanke. ken lewis. icon richard branson, barney frank. a couple for kayla. >> i wouldn't turn it down. donald trump might. you don't want to ruin the hair, but do you need twitter or facebook? a lot of those people aren't on twitter or facebook. easy out. isn't it? bernanke didn't hear about us. >> we'll see who we nominate in a few moments. good market day hanging on to a gain of almost triple digits as we're on the cusp of business retail earnings tomorrow, too that could set the tone. >> july retail sales, not great. amazon, though, leader on the nasdaq because of that payments news. >> after having a not so good year to date. right, jon? >> yeah. cisco tonight. i'll be on the "closing bell" panel covering that. >> one of the few closing bell not on the panel today. that does it for "squawk alley." over to "halftime report" with scott. >> someone not staying dry, you, carl, right? >> that's right. see you if a few minutes. >> amazing the

. >> yes, and bill ackman who said sell it. now wants to own it. >> look at it this way. lot is made of buffett's interests. and he's partering with 3g in other deals. why not partners in the equity? getting a huge coupon. reports, 9%. did if in usair. in goldman. why not taking equity -- >> right. heinz in particular. >> haven't heard from warren buffett exactly. know he's involved. >> still don't know the temples? d terms? did they say on "the call"? >> nor owning equity. >> terms it of heinz, 9% coupon, warren's open 5%. the company. probably somewhere close that, speculating. >> witneonce we learn that, put him in an awkward situation. they are moving to canada. >> warren buffett to condone tax inversions. warren buffett condones warren buffett getting a good deal. >> nowhere in the corporate -- >> we got to go. >> pay as high taxes as possible. inversions are fine. >> we got to go. sara, thanks. >> thank you. >>> stocks in negative territory this year. makers agriculture equipment suffering from a slowdown. is machinery in for a breakdown? jane wells live from boone,

it might close and bring a smile to bill ackman's face? think so, they're the one that kicked off this wave of inversions in 2010. the first one, and since then we've seen a lot of people replicate their strategy. we don't think they are acquired by u.s. company. they're going to acquire the u.s. companies that have high tax rates and bring them into low tax structure and going to help them groat earnings quickly. and because it's not technically an inversion, they are exempt from the regulatory uncertainty going on whether or not congress will close this inversion loophole or not. >> okay, david, thank you very much, we know the obama administration said it is unpatriotic. david, joining us from morningstar. >> thank you, david. tell us what you think? should the u.s. government create new laws to prevent tax inversions. your answers are coming up. >> while the s&p 500 futures are closing, we're going to get you back to chicago, back to the cme. scott is there. scott, anything standing out. can't be that surprised. what kind of movement a

. >> some of the words thrown back, as they fired back at bill ackman, getting so messy, as an investorlook at ackman's trashg recock year to date, don phenomenal. tough for me. you have to know more about it, how it will play out to invest in these kcompanies. they're going to trend on how the ackman thing turns out. when it's this ugly, i like to stay away. >> no clue. straight answer. >> fair nudge. >> fir enough. >> i agree. you agree he has no clue or you have no clue? >> i wouldn't get involved. who knows what the next is. the next rabt pulled out of a hat. no way to know. >> i love it when you talk latin. my gosh. >> my pleasure, mel. >>> coming up, three red flags every investors needs to be on the look outfor. something unusual happening with pandora and pete, the pit boss, get to the bottom of it. is there a buy signal in the unusual activity that and much more ahead on "the half". where the reward was that what if tnew car smelledit card and the freedom of the open road? a card that gave you that "i'm 16 and just got my first car" feeling. presenting the buypower card from ca

bill ackman has sent a new letter to his investors. there's mr.e, in which he says he is committed to pushing ahead on valeant's bid for allergan and this is really interesting. he says that he wants to ipo pursing square holdings he says in the letter, an ipo targeted for later this year to be able to access more permanent capital. i spoke with mr. ackman who had no comment whatsoever on this story, but i can tell you that if he did ipo pe pershing squar holdings could not be in the united states. on a rule dating back to the '30s. makes it interesting starting to think about the prospects of a pershing square holdings ipo. i can tell you absolutely it would not, would not, be listed in the united states, offshore, yes, europe, potentially. so we'll wait for more developments as it relates to thats if it does in fact happen between now and perhaps later in the year as mr. ackman laid out in his letter. just an interesting twist on what is a developing story at this hour. >>> switch to oil. brent crude falling to a 13-month low today. more from ja

simply allergan on behalf of its shareholders saying bill ackman along with valeant new or had materialormation about a coming tender offer from valeant and tlmp viherefore violated in trading. while in possession of non-public information about about upcoming tender offer. if you recall, of course whshs valeant's first offer was made, it was not a tender offer. but in their complaint, allergan says it that while that may have been the case it really was not more than sleight of hand. valeant and ackman preparing a tender offer doing all the things you would do in anticipation of a tender offer down the road, which is now in place. so they are, again, alleging insider trading on the part of mr. ackman. as, and along with valeant. as for mr. ackman, that's in the complaint, worth a read, no doubt about it. mr. ackman, you've interviewed him many times, scott. in fact, discussed this very subject with him, because when it first occurred, it did least look like, wow, how can you do that? know a bid and having already bought its stock. his claim, hey, they are my partner. >> the way the rul

moving and shaking this hour, investor bill ackman, having one of his best years ever. a month ago, his three-hour attempt to expose herbalife as fraudulent had the opposite effect. fallen 26%pany has on a disappointing earnings report and have boosted akerman's that on stock. yesterday, his firm in more than $200 on burger king alone. according to a person familiar, 30%man's fund is up about for the year, his best performance since 2009 in what would seem to be his most embarrassing year. coming up, the wealthiest terror group ever , that is how some are describing isis, we will see where the money comes from when we come back. plus, modern family takes home three wins. could the biggest winner be the emmy itself? we will see how much ad spending last night old and. -- pulled in. ♪ >> the u.s. has signaled it may indeed strike islamic state targets inside syria and if it does, and will not take approval from the searing government before hand. one reason for growing worries, unlike other terror groups, islam has a steady source of financing. how do they get the money?

fromf the big winners today's burger king news, bill ackman.square owns almost seven percent of the fast food chain. that made him and his clients more than $170 million richer. if you were to divvy it up, talking about 48 million. >> the question is it, how many maple bidips? >> stealing each other's customers. hard to believe t-mobile was talking merger. why john ledger is talking to us now. life just hours away from the other pro-football season. why it has seven -- millions of gamers playing madden. you can find us on your tablet. that half.v plus is streaming on apple tv and amazon fire. ♪ >> it is time for bloomberg "west" top tech and media headlines. the new group at superheroes harvell --rvel marvel karmic lineup carved outube first place of the box office. lineuparvel's comic cartel first place of the box office. uber's latest move. the start of the simpsons marathon with a ratings homerun run for the fx cable channel more than tripled the normal audience during prime time audience thursday. it ranks number one in basic 18-34.mong men

remember, bill ackman, you tend to forget, he played an activist campaign to get mcdonald ousted as theand when he was successful, lastly came back. like he will be there for a year or two to see it through. hyman.k you, julie, have been companies releasing their diversity reports and they are not exactly on the cutting edge in terms of the number of women or minorities they are employing. the latest numbers from ebay came out on friday. michael waltrip still with us from activate. talk about the numbers for ebay. >> they beat out some of their silicon valley peers. they did better than linkedin, yahoo!, facebook. seven percent of its u.s. workforce is block, five percent is hispanic. they are doing better than their but these numbers do not reflect america's diversity, nor do they represent the composition of tech company customers. a lot of people are looking for change. think of theu community of holding up a mirror to itself? >> they need to reflect the diversity of its users but it is difficult because this is really about the people that work there and the people that have advance

allergan deciding to make a legal problem for valeant and bill ackman's pershing square.filed the suit to make sure all stockholders have the opportunity to make decisions based on full and fair disclosures. alleging insider trading and fraudulent practices. we will continue to monitor. >> i think it is fair to say we have been waiting for something like this. ergan is under pressure , withw it can go it alone all the money of pershing square . just last week, they were cutting jobs and now this. anything to try to postpone a shareholder vote is far out into the future as possible. going to court would do that. >> a defensive move pushing the stock lower this morning. it is something we were expecting. allergan doing what it can to fend off valeant an pershing square. that is the latest on allergan filing in federal court. >> thank you, scarlet fu. house speaker john boehner cannot blame this on the democrats. he hit an unexpected roadblock before a planned vote on an immigration bill. >> it is time to play the yearbook game, which i am terrible at. and a media executive

thought, why not pick someone who is incredibly philanthropic already and do this with open arms, bill ackmanless he is not watching does not know i'm challenging them. i will get in touch with him later. and donate foret lf -- for als. >> coming up, we will look at the cost of raising children. ♪ >> from diapers to college, raising kids cost a lot of money. the total cost reaches into the hundreds of thousands per child. but the good news for me and other expectant parents out there is that the cost curve seems to be bending. our guests are expecting parents in their own right, and they join us with this story. give us a breakdown. i am due in about six weeks and i want the lowest number possible for how much this kid will cost. >> i'm sorry, the number is $245,000. but the good news is, i guess, it is spread over almost 18 years. >> and the bad news, alex, is that the 200 $45,000 is a national average. if you are living in new york city and trying to do with childcare costs as well, that number could rise very much, as much as half a million reasons to show your center dot or that you love

. >>> bill ackman was -- the u.s. government over the bailout terms.uit claims that short change from investors in company's common stock. >>> alibaba's film production arm has delayed results and suspended trading citing possible accounting irregular layerties. this as its e-commerce giant prepares for one of the largest ipos in history. in june, the company was acquired for $800 million and claims any problems with the books occurred before takeover. could this cast doubt over the company's due diligence process as it's done on a recent spending free. >>> how are investors going to be positioning themselves heading into the weekend and made of the flx week. >>> hi, everybody. welcome back. stateside, july ppi is out at 8:30 a.m. producer time. forecasts are expected to rise by 0.92%. just before 10:00 is the first report on august consumer sentiment. one notable earnings report today, notable, estee louder. >>> u.s. futures a couple of points to the upside, if anything. >> an s.e.c. filing shoet berk hire hathway took a new stable in the chatter comm

you even see that in the activist community with bill ackman and herbalife.hether there is something there or not, i would rather err on the side of having the mechanism therefore someone to report and recover -- there for someone to report and recover and you have to live with the inefficiencies. these are only government contractors, right? >> that is right. this relates to people doing business with the government. >> does this have any effect on companies that do not do business with government, but realize there are these lawsuits on the horizon? >> the outlet for that -- there was a story this week and i cannot remember the company, but a whistleblower had gone through the internal reporting mechanisms to correct what they thought was an accurate financial reporting, and their outlet was to go to the sec. the sec could bring action and deal with that. so, you know, outside of the government companies, there are other mechanisms people can go through, but first, i think they are supposed to go internally through the board or other compliance procedures.

. ♪ >> breaking news on "market makers," bill ackman's pershing square is going public.lear how the billionaire hedge fund maker is quare to take pershing s public. is not takingbill his management company public. blackstone has done. an effort to raise permanent equity, which would be more akin to what phil falcone did with the harbinger group or did einhorn with greenlight. >> is this a surprise? >> i recall hearing that something like this might happen. it is coming from activist investor. activist strategies can blow hot and cold. you hope your investors are committed and willing to stay with you for a long time. hedge funds, unlike private equity, have to offer investors some equity. they cannot tie your money for seven years at a time. >> it makes them susceptible. >> this would give bill money to manage that he does not lose the risk of losing. ♪ >> live from bloomberg headquarters in new york. this is "market makers." ," goodket makers morning. it is almost noon. is a buzzword. it is a top priority for businesses. harriet is a reminder of how much of a priority i

partly because of bill ackman in 2006.ons as an independent company controlled by george paolo lehman. so, there is precedent for this. the one thing that sort of is lurking in the background is how the canadian government i react. that may be one of the reasons that in combining this company they have decided the corporate headquarters will be just outside toronto. not just because of the lower tax rate, because the burger king tax rate is not that different from tim hortons right now. it is because they could in theory overcome any potential objection by the canadian government, which does hold an ace up its sleeve, a can block any large merger on the grounds that it is not in the national interest. in canada, your hq it feels more like it is in the national interest. >> a great story, not just because of the canadian angle, but because of that tax and version angle. and i am literally starving right now. thank you so much. moving and shaking this hour, the french president is shaking up his government after two cabinet

you don't say it if you don't think people will still do it with bill ackman. nobody wins all the time. he's really smart and really good at what does. >>> another ice bucket challenge has been accepted. mark zuckerberg dumping a bucket on himself yesterday. he got called by by scott wapner and governor christie. now he in turn is challenging bill gates, cheryl hastings and if you're wondering if the social media craze is working, donations are up by 1,000% to als. >> was there ice in there? >> i'll take his word that it was cold. >> that could have been like just -- knowing a guy that's worth $60 billion -- >> look at this. >> oh, there was ice in there. i heard it. >> are you sure? >> yeah. >> because i figured he had perfectly cooked -- >> i heard the ice. listen one more time. >> one of 24 hours to -- >> because if i know him, it would be perfect temperature. >> listen. >> i don't know. >> i heard it. >> no, it looks like he was just perfectly -- >> no, the poor guy, he dumps -- >> poor guy? >> cold water on -- >> don't ever call someone with even a billion

. >>> bill ackman cited tax benefits as part of the rational to buy allergan but so far those effortsn unwelcomed. mark kato doesn't believe u.s. lawmakers will act any time soon. speculation about a deal has sbrichb intercontinental's shares up 9% this year but they are down 2% on the situation right now. back to you. >>> we have to take a quick break. we'll have a look at how u.s. futures are trading. it was the worst weekly decline in two years. the s&p 500 down 2.7%, but right now the futures are eating into the losses we saw on friday's session. we are back in two minutes. stay with us. >>> welcome back to "world wild exchange." heading to the open of the u.s. equity markets flooring back losses from friday's session, the s&p 500 is down a third of a percent. after the worst weekly decline in two years, and we have a chief strategist joining us from chicago, allen, final feelings here? >> you want to lean on the 1900 level of the s&p. in that target of 2000, we didn't quite get there, so 1900 is an important level of support to lean on here. i do like the action we saw on friday

>> watching a battle for allergen, recommending the shareholders support bill ackman's persing squareo call a special meeting of shareholders. at the special meeting, they have the opportunity to voice support for the removal of the six incumbent members of the board of directors. shares down nearly 2% in trading. valia valiant, down 3% in the trade today. back to you. >> the saga between the companies, dom, continues. we are watching the story with ebola, more patients in the u.s. treated for the deadly virus. that's dominating headlines. jay gray is in atlanta where the second ebola patient arrives in the u.s. today. jay? >> reporter: hey there, great to talk to you. nancy wright on the way to atlanta now in a specially outfitted medical jet in an isolation pod, transporting her missionary colleague, dr. kent bradley. expected to land shortly, and cleared customs, but to refuel and on the way herement once landed at the reserve base, she'll be rushed here to emery hospital, again, with her colleague, share an isolation unit here. they have their own rooms, but in that unite as they

. >> you know who will win on the burger king deal is bill ackman. >> congratulations.re. he's deserving of congratulations. continue to go after allergan. allergan continues to be one of the big pharma companies with growth. but it would have -- they're putting out big numbers in 2015, 2016. i think it's just beginning for allergan. you can win two ways. >> david did mention on friday this letter to the judge, saying that a third of the investors of allergan asked for the special meeting trying to oust a majority of the board before the year's up. >> look, people who want money fast and want money slow. i think aller georgian's a situatiwhere products came in, trying to get higher prices. i believe in dave pyott. people don't want a longer term view, they want instant profits. i believe in pie out. >> you think the ten year's done coming down in yield? >> no, not if i see austerity in europe. i mean if the merkel forces continue to win, then you're going to want -- pay 2 1/8 for the ten year. the ideologyists are saying ten-year should not be here. it's fostering too m