something that bill ackman has been straightforward about.y control it because i think it's an underperformer. he doesn't actually plan to rechange the management or anything. he believes there's an inflection point coming that the market is not giving it credit for where all of a sudden it's going to start pouring out cash and that he can then use to make other acquisitions. the other big piece is, he historically has bought minority interests. he's been a hedge fund. he's bought shares in companies. this would be the first of perhaps many efforts of taking controlling interests in operating businesses. >> not necessarily full ownership but controlling interest. >> right. >> yeah. okay. up next, a read on how retailers faired this holiday shopping season. the latest data from cnbc retail monitor is next. and coming up in the next hour, avueapalen cit ceo marc lasry join us. the opportunities he sees in the business of sports and much more. squawk box will be right back. how am i getting home? sittin' on my lap like last time, ronald. fine, b

j&j getting a little bump up 2% staying with the merger news, bill ackman say nice try but i'll takeom here to real estate development company howard hughes holdings, shares of hhh are gaining 10% at the moment after bill ackman offered to buy every share it doesn't already own, the price $85 a share, right now hhh is at $79 even, total price a billion along with its affiliates already we have purging with about a 37.6% ownership stake. in a letter to howard hughes, ackman wrote while he is pleased with the business progress that howard hughes has made over the past 14 years, he along with other long-term shareholders have been displeased with the company stock price performance. you can see it here, howard hughes went public in 2010 the stock is up 164% but you compare that to the s&p 500's gain of 375% in the looks a little thin. forget about your cell phone battery dying tiktok is on the verge of feeding the black for good. on sunday unless the supreme court intervenes for the chinese owners decide to sell it billionaire is the one you hope to buy it, he is here, for some fox busi

if bill ackman on doing well and fannie and freddie works out you'll do very well.t is true for any and freddie are privatized you could get hit also, it's an interesting play, double digit earnings, double digit dividends. what do you think do you like that pick. >> i don't. i was going to say it's an interesting, i appreciate her thought process but that's more risk and willing to take on. >> gamble that way. meghan and jacob have a pair of investment ideas. al has the latest on the billionaire space race between jeff bezos and elon musk. don't miss this. [coughing] hi susan, honey? yea. i respect that, but that cough looks pretty bad. try this robitussin honey. the real honey you love, plus the powerful cough relief you need. mind if i root through your trash? robitussin, with real honey & elderberry. (♪) car, this isn't the way home. that's right james, it isn't. car, where are we going? we're here. (♪) surprise!!! the future isn't scary. not investing in it is. car, were you in on this? nothing gets by you james. nasdaq-100 innovators. one etf. before investing

if bill ackman on doing well and fannie and freddie works out you'll do very well.and freddie are privatized you could get hit also, it's an interesting play, double digit earnings, double digit dividends. what do you think do you like that pick. >> i don't. i was going to say it's an interesting, i appreciate her thought process but that's more risk and willing to take on. >> gamble that way. meghan and jacob have a pair of investment ideas. al has the latest on the billionaire space race between jeff bezos and elon musk. (auctioneer) let's start the bidding at 5 million dollars. thank you, sir. (man) these people of privilege... hoarding the financial advantages for far too long. (auctioneer) 7.5 at the back. (man) look at them — unaware that robinhood gold members now enjoy the vip treatment — a 3% ira match on retirement contributions. (auctioneer) 11 million sir. (man) once they discover their privileges are no longer exclusive... their fragile reality will plunge into disarray. ♪ what the biggest companies deliver is an exceptional customer experience. what ma

if bill ackman on doing well and fannie and freddie works out you'll do very well. true for any and freddie are privatized you could get hit also, it's an interesting play, double digit earnings, double digit dividends. what do you think do you like that pick. >> i don't. i was going to say it's an interesting, i appreciate her thought process but that's more risk and willing to take on. >> gamble that way. meghan and jacob have a pair of investment ideas. al has the latest on the billionaire space race between jeff bezos and elon musk. where ya headed? susan: where am i headed? am i just gonna take what the markets gives me? no. i can do some research. ya know, that's backed by j.p. morgan's leading strategists like us. when you want to invest with more confidence... the answer is j.p. morgan wealth management >> some say elon musk in jeff bezos might be engaged in a manhood contest in this guess it is about rockets and they both under both failed spectacularly. embrace failure. the only path forward is failure failure is good how many times can i say it. we had to

if bill ackman on doing well and fannie and freddie works out you'll do very well.r any and freddie are privatized you could get hit also, it's an interesting play, double digit earnings, double digit dividends. what do you think do you like that pick. >> i don't. i was going to say it's an interesting, i appreciate her thought process but that's more risk and willing to take on. >> gamble that way. meghan and jacob have a pair of investment ideas. al has the latest on the billionaire space race between jeff bezos and elon musk. when you're a small-business owner, your to-do list can be...a lot. ♪♪ super helpful. ♪♪ [ cheering ] what are invoices? progressive makes it easy to see if you can save money with a commercial auto quote online so you can get back to all your other to-dos. absolutely not. get a quote at progressivecommercial.com. (vo 1) when you really philosophize about it, there's one thing you don't have enough of, and that's time. time is a truly scarce commodity. when you come to that realization, i think it's very important to spend time wisely. and w

and that didn't happy read an article the other day from bill ackman, who said that president trump is going to privatize ferhani and freddie -- fannie and freddie. you can't pass that through reconciliation. that's just not going to happen. >> a lot of people will say, it's not going to happen. but could this be what we have seen before. let's talk about, with the eyes on how mitch mcconnell has run things in the past, which is, say things out loud to road test. it and when the public relations of it is a disaster, then you can say, we can't do it this way. >> it would be an enormous piece of legislation. i think it's within the realm of the possible. i think if it comes out of the house, which is no small feat given the margins, this is usually when these things run into the senate parliamentary, they get trimmed up a little bit. but i think it's possible. what he's proposing to put in there is exactly what he ran on, immigration, energy, which is of heightened importance, because of joe biden's executive order today, on his way out the door, his staff's executive order, banning offs

bill ackman proposing a deal to merge with howard hughes. your take? >> that's what we're hearing about and bill akreman has a good track record. every great investor over time has had bad investments and you never know how this will work out, but i do like the idea that howard hughes has with master planned communities is an interesting ones. these eople, we have tens and hundreds of thousands of baby boomers that are retiring. it's expensive to retire in florida now. prices have shot up because of the pandemic and the insurance prices are through the roof. so i think these things will work real well, but the one thing you do have to worry about with the stock is that, you know, it will be a risk name. >> thank you. >> matt, i hate to jump in like that, but we have ten seconds in the show. i always love having you on. i can't talk any faster. >> but i can s thanks for watching "power lunch." >> we have three seconds. "closing bell "kwot starts right now. >>> guy, thanks so much. welcome to "closing bell "qwest. i'm scott wapner at the new y

up after the administration delayed enforcement blocking its deal with nippon steel it is up 6%, bill ackman capital management proposed a deal to merge with howard hughes for $85 a share this is the latest step in the pursuit of the real estate development he used to lead up ten points we are officially a week away from trump's inauguration first lady melania trump told "fox & friends" what is different compared to eight years ago. >> do you feel like you're in a different space then you were eight years ago. >> i feel i was always me the first time as well. i feel people did not accept me or understand me saying the way that they do now maybe they see me as a wife is the president but i'm standing on my own 2 feet, independent and i don't always agree with what my husband is saying or doing but that's okay. >> are you able to tell him when you disagree. >> i give him my advice and sometimes he listens and sometimes he does. >> the first lady went on to say her priorities for the upcoming administration is to be a mom, first lady and a wife. still ahead later today president biden will give

bill ackman, for example, has suggested sanctions against britain because i mean, as has been pointedn this channel, i think nick dixon pointed it out. if there's a country with a dictator who is allowing people to do this, allowing people to do this, allowing his, you know, his preferred group of people who who are, you know, giving favouritism to, to run around raping children. we would we would press sanctions on that country for its behaviour. yeah, absolutely. >> and let's not forget this didn't happen last week. yeah, you'd think so. well, given given it could well have happened last week as well. that's a very good point. it could be happening right now unfortunately. but that's why it's important that because elon musk is being criticised right now. and i've been the first to say previously that i wouldn't you know, i'd be sceptical of foreign influence in uk politics. however, when home grown people in power have done absolutely nothing year after yean absolutely nothing year after year, party after party, organisation after organisation, then elon musk is very welcome to com

and the reason being is because the bill ackman's of the world, the marc andreessen, who now is apparently a new hr director for the trump white house, the jeff bezos who is stripping the washington post for parts, the elon musk, who would prefer the united states resemble south africa than anything else. and then you have people like mark zuckerberg who is just trying to preserve facebook from 230 lawsuits, uh, antitrust lawsuits. et cetera. these people are there for their own self-interest. and what happens to the individuals who are affected in middle america? what happens to black folk and poor rural america? what happens to these people, hispanic voters who don't, who have the uncertainty of immigration laws coming in? and what happened to grocery prices? and so when you begin to look at what's affecting everyday common people, i can guarantee you that ackman's the andreessen's, the zuckerberg's, the bezos, the tiktok ceos, the musk, they don't have your best interest at heart. >> alyssa, how salient do you feel that can be as a political issue for voters going forward? >> well, i th