carl.nd carl chased after him. i was yelling at carl, you know, "just let him go. leave him alone, let him go." >> but levi was never able to stay away for long. he and cassie included carl and the rest of the family in their wedding in 2003. the young couple soon had two daughters. but it may have been too much too fast. the marriage didn't last. >> it was just a bad divorce. neither one of them was nice to each other. >> but like many kids, levi started to grow up. he got his ged, started working, and tried hard to be a good dad. and perhaps in being a father, his angle with his own father began to soften. >> i think he rounded the corner a little bit. could see some sort of a path and direction for his life. >> levi had his own place now, but he would drop by the old house to see the family and help carl with some work. on november 20th, 2008, levi came over to work on a truck in cindy and carl's new barn. cindy remembers she and carl had just come home from a funeral. they'd been gone f

where carl said you run against me, i'm going to come after you? >> carl, i'm a huge fan of carl. but welcome to the world of politics, carl. it's a lot like sports. you picked a team. you were going to run as a democrat. you're gonna have republicans come after you the same way that i guarantee you, as a candidate, being a fighter, we're going to go after a republican, if it all panned out at the end of the day. i mean, this is normal political actions. and to imply that somehow there was something underhanded here is kind of to me, to be honest, laughable. because if you want to play with the big boys -- >> well, wait. >> i don't know why you didn't expect this in the political realm. >> hold on. no one is implying anything. i stated the facts as they were. there is no implication. i'm just telling you what happened. and in terms of -- i just said it. hold on. he didn't intimidate me. i just said these are the facts. and i went on and ran my race. i've never criticized the governor. even now i'm not criticizing the governor. i'm just stating the facts. so we can't change what i'

you just mentioned carl icahn. he has acquired .8 are sent of ebay and is moving to of his employees to join the board. paypal shares jumped in extended trading. >> all right, we mentioned carl icahn's stake in ebay. trish regan spoke with him. and she is joining me now. >> a short time ago. he called in and we chatted about ebay. he wants to see them spin off paypal. i have to say it's not a terribly new idea. people have talked in the past about paypal being an opportunity for ebay as it goes forward. this is the first time you have the likes of carl icahn sending a letter to the board saying, i think you need to do this. the board's response has been to not spin it off. he was also critical, or slightly critical, of management there. he did say that the management at apple, tim cook is doing a great job. "i don't know if the same can be said of ebay." we can share some of this now from that interview. first of all, me asking why ebay? take a listen. >> we have done a lot of work on ebay and we believe without qu

carl icahn, calling for a spin-off.s the latest from that call. >> on this ebay conference call, where ceo john donahoe, the battle lines being drawn here. talked about icahn. he welcomed icahn views and he would consider his nominees to the board. but his view, the board has a world-class board at ebay. as for the idea of spinning off paypal, donahoe, that the company plans to unlook value. but the board intends to keep ebay and paypal together. the board is unified in this view. no other competitor has achieved paypal's success. and paypal and ebay make sense together. saying that ebay accelerates the success and funds paypal's growth. >> we're seeing a fade off of the after-hour session highs in terms of ebay's pop on the icahn news. >>> airlines up 9% in 2014. meanwhile, in-flight internet provider gogo has mel. joining us is the ceo of gogo, michael small. most of the fall had to do with the distribution. let's put that aside from now. in terms of international expansion, because a lot of people are focusing on tha

this is carl icahn.e is calling for bigger return of cash from apple. >> carl icahn is the white knight for ralph nader. this is a call that no ceo in the world wants to make. carl icahn is on the line, can you pick up. irwin, you took this call back in 2010. he had a big position in your company. here we are, three and a half years later, you wind up having a very good run with the stock. >> it is the funniest thing, i was looking for new spaces. we were moving our headquarters. saidsistant called and carl icahn is on the phone. i thought somebody was playing a joke because we were expanding. i said put them on. there was carl in his deep new york voice. hi, this is carl icahn. >> how nice of them to give you a heads up. .> he was lovely he said he thought we were doing a great job. i said, we put that in a 13 d the you are filing. he said that many people asked me that. he said let me check with my lawyers. he always uses his lawyers as an excuse. he did put it in his filing that he wanted to work with

carl? there's a stark divide between class necessary this country. could the financial markets be one of the reasons for the division? robert frank is back at hq with more on that question. >> good morning, carl. when you look at the growing gap between the rich and rest you're looking at two separate economic forces. the first is stagnation or slow growth at the bottom. you see the bottom and median growing about 25% since the 1960s. so they got richer but not as fast as the rich got richer. you can see here the top 5% is up 60%. but really it's a small group of super gainers that are really drive that 5% and even the 1%. let me show you a chart now showing the 1%. here's the 1% on the bottom. that's the 1%. this is the point 0.01%, those small super gainers, they account for much of the growth and inequality. their wealth is driven by stocks. now, if you look at stocks, when stocks go higher, inequality go higher. when stock falls, inequality falls. there are two distinct drivers of inequ

carl believes, if you listen to carl, he is a very rich man, obviously in it to make money for him and his investors, but he definitely puts this in terms of corporate democracy. given his credit, he believes this is part of a democratic movement among shareholders to demand better treatment. >liz: am i the only one who things the operating system, the new one, is just awful? the other one was so much bolder. i am disappointed. >> my only problem with criticizing innovation out of tim cook, this is my cell phone. but people who use apple, i hear those complains constantly. liz: can i then stick up for the company? they have not been nice to any media really in the end, but 51 million phones is a huge amount. there are probably looking at financial journalists carl icahn and every other investor annoyed and with what the market is doing and saying to the heck with all of you. >> the market reacts for a reason. here is what is interesting, ibm's at the top of the pack and then it fell dramatically. ibm was almost out of business. it was a second-rate company. that is why we have the mark

very interesting comments from apple from carl icahn.day. it was down as much as 16%. all indices are down. we have over 1% decline in the dow. the dow has been hit harder than the s&p over the past couple weeks that trend is continuing. s&p not having a good day at all down .87%. again it was the dow that was hit hardest today. that is on par what is happening in 2014 so far. nasdaq not hit quite as hard but russell 2000, 3/4 after

we begin with carl icahn. it takes a certain breed of stock market investor to thrive in queasy times, and icahn is one of that breed. he has a knack of turning someone else's loss into profit for himself. but he can also help others improve their bottom line through the so-called icahn lift, an upward bounce that often happens when he starts buying a beleaguered stock. when the financial crisis hit in 2008, many investors were tearing their hair out, but not icahn. the state of the economy changes, but icahn's investment philosophy remains the same. as he told leslie stahl in march of 2008, carl icahn looks to pounce while everyone else is losing their shirts. >> the day we visited icahn enterprises, the stock market was swinging wildly, at one point, dropping 300 points. so has this been a bad day? this is not a great day. >> tough day, tough day. >> wow, this is beautiful. look at your view. icahn works in a skyscraper suite overlooking new york's central park. >> i think i lost today. >> you did? >> yeah.

>> carl, good morning.k yer deals, regulatory pressures push lenders to get lucrative deals go. i find this fascinating because as t. lack of transparency in many of the rules of the fallout of dodd-frank have been very low. the amount of meeting, anybody's eyeballs can view into this group has been minimal. i think more important i don't really recall how some of the types of loans that are being over-regulated and micromanaged, pick any term you like, play into the credit crisis at all. it was about housing. it was about not enforcing very simple rules. have you ever -- this article points out some of the guidelines for these loans. it really is. the u.s. economy is like an engine. we have this big huge engine. the power of that engine goes into the tranny just like your car. okay? it ends up doing some type of work or a task. they call that the power takeoff. what problem i see the transmission. if you want better jobs, a tighter spread between the rich and poor, i don't understand why blocking off cylin

carl is absolutely right. paypal is a joke or not.ar versus ebay, which -- paypal is a juggernaut. own the we used to discovery card? sears. they talked about the synergies. one person benefits, the ceo, because they get to smooth out earnings. make it to diversify. but here is the issue -- investors do not need the ceo's to diversify for them. they want them losing sleep, they want them focused, accountable. spinning off paypal would actually be a creative to shareholders. it would be the right thing to do. probably will not happen. >> there is not a long-term value to combining payments and ? as people move more toward the web for all their shopping? probablyere is vertical integration. i think early on the paypal got its training wheels from a captive customer in ebay. there've probably a lot of customers who avoid paypal because of the tight relationship with ebay. payments really the system of the future and you are talking about an unbelievable juggernaut that would have a higher multiple. it should absolutely be on its own. >>

i think carl icahn's involvement should buoy the stock.ight to 600 on this report alone. february 28th they have their shareholder meeting. this is what i want to set up for. today when the stock was 550 i bought the january 31st, next week, march 575 call calendar and i paid $8 for that. really what i want to do is i want the stock to move towards that strike next week. if it's below 575, okay, then i own the march. 575 call for $8 and then i have a whole heck of a lot of options. 575 call for $8 and then i have a whole heck of a lot of options. a whole heck of a lot of optionsoptions. >> it's interesting because in a lot of places and options are relatively cheap on apple especially from a historical perspective. now there's a little bit of debt. i think dan is right. the law of large numbers can keep a lid on it. there's a lot of big holders and potential liquidation that can happen there. you were talking about where you could ring the register and take money out of the atm. apple is one of those stocks. you have the activist stuff kee

my application to cornell, unknown to me, was forwarded to carl sagan. he was a professor of astronomy there. and i was deciding what college to go to, he sent me a personal letter. man, i'm just a 17 -- he's already been on "the tonight show" and had best-selling books. here's a personal letter said, "i understand you're considering cornell and you like the universe, as do i. so why don't you come by? i can give you a tour to help you decide whether this is where you'll ultimately attend. so i went up there, he met me outside the astronomy building and gave me a tour of the lab. one of my favorite memories is he reaches back, didn't even look, just reached back, pulled out one of the books that he wrote, and then signed it to me and i said, "that is awesome." and i said to myself, "if i'm ever in a position of influence the way he is, then i will surely interact with students the way he has interacted with me, as a priority." >> do you remember seeing "cosmos" when it first aired? >> yeah, but i was-- by then, i was in graduate school. so it was -- it d

his name was carl pearson. will never know, carl allowed himself to become filled it anger and rage and hatred. that anger, rage, and hatred blinded him. he blindly followed a path that led him to do something that no one should ever do. he took an innocent person's life. he took our daughter's life. claire's last words are poignant and profound. she said, "oh, my gosh, carl, what are you doing?" the fact that carl was so blinded by his emotions that he dent know what he was doing. in her most innocent and precious way, claire tried to shine a light on carl's darkness. my wife and i forgive carl pearson for what he did. because he didn't know what he was doing. we would ask all of you here and all of you watching to search your hearts and also forgive carl pearson. he didn't know what he was doing. carl's no longer with us. so it is no longer our responsibility to pass judgment. as each of us will do one day, carl has faced the infinite alone. unchecked anger and rage can lead to hatred, unchecked hatred can le

when carl -- david: on his back.y on tim cook's back. >> we reported on fox business first in the summer that the board was starting to get a little impatient with tim cook in terms of his innovation. so there is a little tension there. now you have carl stirring up trouble in terms of giving cash back to the investors. he makes an interesting point. you're sitting on this cash. you're an entrenched board. we think you run the company well but give it back to us. we only company. david: 110 billion. main event was herbalife. >> what is interesting about today. two news events, this on apple but herbalife is down today. david: ended 10% down. >> 10% down. down because edward markey, the senator from massachusetts came out and said there should be investigation. number of chorus of people asking for investigations because this is pyramid scheme he asked the ftc to look at it. herbalife went down after nu skin, similar business model, direct marketing stuff also got hit with some sort of investigation in china. why does

carl hart, we welcome you to democracy now!e title of your book almost was the song we're just playing "trouble man"? >> yes, but they thought we should go with something more modern. >> both your research findings will surprise many and also your own path in life. let's start by talking about where you come from. >> i grew up in the foot. when we think about these communities that we care about, communities that have been so- called devastated by drugs, i believe that narrative for a long time. i've been studying drugs for about 23 years. for about 20 of those years, i believed drugs were the problems in the community. when i started to look are carefully, looking at the evidence more carefully, it became clear to me that drugs aren't the problem. the problem was poverty, drug policy, lack of jobs, a wide range of things. drugs were just one sort of component that didn't contribute as much as we had said they had. findings ofbout the these studies. you have been publishing in the most elite scientific journals now for many yea

it was also revealed that carl icahn, yes, carl icahn again, owns slightly less than 1% of the company and is nominated two directors to its board. icahn also filed a nonbinding proposal urging e-bay to split pay pal and its marketplace businesses. the stock initially surged after the close. shares ended the regular session slightly higher at 54.41. >>> american eagle shares falling in the after-hours trade. the struggling teen retailer said its ceo of two years, robert hansen, would leave the company effective immediately. the company named a chairman as interim ceo and stood by earnings guidance it gave earlier this month. shares ended the regular session 2% lower at $14.31. >>> united technologies saw profits plunge 29% in the fourth quarter. the maker of otis elevators and blackhawk helicopters saw profits decrease from last year. still united managed to top estimates. the company was actually helped by a delay in shipping a helicopter order because the helicopters are actually sold at a loss. also revenue came in a bit light. still shares were up slightly to 116.12. >>> totally di

carl? a few days away but the party in new york has already started. one of the biggest parties is expected to be here at the bud light hotel which is actually a floating cruise ship on the hudson river. we're going to go live to the hotel with the vp of bud light. simon hobbs has that. ♪ don't rock the boat baby mine was earned in korea in 1953. afghanistan, in 2009. orbiting the moon in 1971. [ male announcer ] once it's earned, usaa auto insurance is often handed down from generation to generation. because it offers a superior level of protection. and because usaa's commitment to serve current and former military members and their families is without equal. begin your legacy. get an auto insurance quote. usaa. we know what it means to serve. in a we believe outshining the competition tomorrow requires challenging your business inside and out today. at cognizant, we help forward-looking companies run better and run different - to give your customers every reason to keep looking for you. s

some that seems to be relating to carl icahn. is usual to get the earnings news first. >> the analysts estimates beat by a penny here, but i do want to get to the hypotenuse. there is a proposal from carl off paypal.n this is something investors talked about around the margins that ebay before. exactly what the statement says nominatedrl icahn has two of his employees to the word of directors -- a classic activist investor move -- and he is proposing for a spin off of the paypal business into a separate dump in the. companies controlled why icahn acquired shares and derivative securities gives them a stake of about eight percent in the company. this is a small share, according ahn has in theicha company, but he is requesting that ebay spin off paypal. paypal tends to be the most profitable portion of ebay's business and a good chunk of it. be passed offill to a committee to consider. all of this going on at the same time the company is announcing its five lien dollar buyback plan, -- $5 billion buyback plan. the revenue coming in

hey, rick. >> good morning, carl.doing better. what we can't predict is will it be in a straight line, a nice even glide path? will it be a 25-degree upward glide path, 30 degree or continue to be somewhat bumpy as some of the strength we observed in 2011 with gdp later to be followed by weakness. i can't answer that. governments can't keep spending like it's 1999. now, comments made before this first cabinet meeting for 2014, president obama said the following. and this was in regard to unemployment benefits. he said, put it on the screen. i think we all know that there are a lot of hardworking americans out there who are desperately looking for a job. and it's also good for our economy as a whole and will actually accelerate our growth. okay. let's take a couple of points there. first of all, we understand it's not only in america. there are a lot of hardworking people around the globe who would like to work who are having problems finding work. it seems to be a skill mismatch but maybe that oversimplifies. no matte

for carl icahn and their main --cern about retrieving tweeting your position.t is as simple as that. they will continue to monitor the program, and, again, you can see this is working for carl icahn. shares are up considerably since he began to tweet. and the stock is under pressure. from thenan joining me newsroom with the very latest on social media and activism. and i guess back, joins me. he closed seven deals on new year's eve alone. we are back in two minutes. ♪ >> my next guest made seven deals in a day, and that happened to be new year's eve. john frankl. john, great to see you. so those seven deals, millions of dollars, just like that. >> well, it was not just like that, as you can imagine. we had many investors involved, 10 law firms, over 10,000 pages of legal documents, but, yes, we closed them on new year's eve. it is amazing how a deadline works. >> actually, in my mind of work, i understand that. this is helpful. >> this saves you measuring and handing out portions. getting to your box and getting to you fresh. this is sort of the magic behind. >

a lot of controversy way carl ichan and apple. some big name companies reporting earnings after the bell. including netflix and ebay. and netflix again, the performance on this is just astonishing. >> it really is. and they are the number one performer in the s&p 500. this has really surpassed any estimate that anyone had. the stock is up $4. of 33277. international expansion as they have been ramping up in canada and the uk and latin america and the like. and also as we are waiting on the outlook and the gardens guidance as well. a number one performer over the last 52 weeks. up to 236%. then we will keep an eye on ebay. so now we know that they have numbers that have been growing. it we will keep an eye on the same store sales. that will be key. in this stock is up aboutt1.5%. and paypal revenue will be up 21% year-over-year. the last few months have been a little bit better for ebay. cheryl: both of those numbers are going to be in. that is here in new york. >> i think that confidence in the recovery is better. so if you think

hi, rick. >> hi, carl.es guys that would like to have a sit-down with you and the one comment was when it comes to futures nobody complained when the stock index futures were helping goose all the liquidity on the way up and, as a matter of fact, they're getting more bearish after your comments. because when you pick sides on how a market impacts, it's kind of normal style to the -- to the downside, makes everybody get a bit more nervous. listen, when i look at what's going on in the world, all's you had to do is focus on treasuries, seriously, okay? you look at the 303 close on new year's eve's half-day session and it's all down yields after that. as we look at an intraday chart, closed down half a dozen. and a weak chart down to close to ten basis points on a ten-year note and these are the potentially lowest yield closes since the first week of november. another chart that augers what is going on here is kind of draining liquidity, with a little extra horsepower to the reverse of the carry trade is the f

it is time to break up ebay and paypal, says activist carl icahn. what would you tell your 25 your old self? you will hear what ceos have to say about that. in davos, how to escape an ambush, if you are a billionaire. and are the billions worth it to nbc with the olympics? the good, the bad, and the ugly of chicken wing fitness. we kick it off with dominoes, the annual forum in the swiss alps. known as a place to rub elbows and make deals. when the leader of the islamic republic of iran showed up, you know he meant business. >> i am here to convey my people's message of friendship, engagement, cooperation, and peaceful coexistence. >> this is the first time and iranian president has come to davos in more than a decade. international sanctions have prohibited it from doing business with other countries, and that shrank the iranian economy by 5%. now they have a deal with the international community to curtail its nuclear program in exchange for $7 billion of sanctions relief, and that means the iranian president wants investment. >> i hereby announce

and that didn't stop carl icahn from doubling down on his apple bet.e tweeted that he bought another $500 million of the stock today. >> i don't know how many people are listening to carl on this one. and the company was involved in a capital buyback and redistribution program before carl got involved. the things i care about. i look at the stock. it held at 200. the sloppy trading in after-hours yesterday, we tested around 500. but the stock has held. when you look at what came out of yesterday's call, colin gillis did a great job with this yesterday. one of the things that tim cook reiterated and the same thing we heard from samsung and highnex last night, the fiscal first quarter for apple was great on some level. but you actually didn't see a huge blowout in the iphone sales. and the next quarter, fiscal two, the coming quarter, is something that's clearly going to miss. that tells me that smartphones are mature. people need apple to create a new product. there's nothing wrong with this company. nothing wrong with this valuation. i think you can ow

we'll talk euro. >> thank you, carl.re just joining us, here's what you missed early on. >> welcome to "squawk on the street." here's what's happened so far. >> we're going to be offering a constructive agenda that actually gets people back to work that deals with upward mobility. that's how you fight inequality. you get people to be able to aks is opportunity. >> this is a president who understands some fundamental despite everybody's discussion, understands fundamental economics. and he knows in order for people to reach the middle class we have to give them the tools. >> it's been said that the state of the union is not a market driver. >> no, people didn't buy, they bought in big time to clean energy fuels and got slaughtered. you short clean energy fuels because the president did not -- was not able to muster any legislation last time. he's up against two of the great arsenals of democracy and she's a member of the democracy, too, but you can't go up against facebook and google without spending a fortune. [ bell rin

carl? >> thank you. >>> a big part of the country is bracing for some of the coldest weather we've seen in two decades. temperatures of 20 or 30 below zero could hit the midwest before moving south and east. our team has it covered tonight. we begin our coverage with nbc's kevin tibbles in minneapolis/st. paul. kevin, good evening. >> reporter: here in minneapolis/st. paul and across much of the heartland the national weather service is calling it a particularly dangerous situation. as the temperatures plummet they're urging people to stay indoors and take precautions. it hasn't been this cold in decades. >> we've never experienced weather this cold. ever. >> reporter: an arctic front sent temperatures plunging 30 to 50 degrees below average across the midwest leaving 25 states in temperatures zero or lower. unrelenting snow battered parts of the plains and great lakes. in indiana, up to two inches of snow every hour throughout the day. chicago saw seven inches overnight while michigan got

hey, julia. >> hey, carl.lix better-than-expected earnings and revenue subscriber numbers and first quarter forecasts, driving shares higher was reed hastings across-the-board confidence of the company's future with margins heading higher and substantial european expansion and even headwinds like net neutrality rules being struck down in court, not a problem. >> if major isps were to contemplate blocking netflix or other services, it would significantly fuel the fire for more regulation. which is not something they're interested in. so, you know, the long term we still need to figure out what it means and how that works out, but i think in the short term it's very likely that there's no change. >> hastings talked about the potential introducing tiered pricing saying a lower price could bring in new users promising if there are higher prices current customers would be, quote, generously grandfathered in. he also dismissed the possibility of an ad-based option or much higher priced subscriptions. hastings clearl

good morning. >> good morning, carl.ory on your part, but it's also a complicated story as to why the game didn't sell out in the first place. was it all about the cold? >> we've got a lot of customers in our part of the world as you just heard who not only can't get flights or don't dare drive but who can't get out of their homes. so when the colts with whom we've got a terrific relationship called us and said we don't know how to get this on the air unless we get some help, we couldn't resist. this was just a great opportunity to connect with our customers and with our friends in indiana. >> did the league, did the franchise, did anyone give you any kind of price concession on the tickets? >> not that i'm aware of. the colts reached out to us, and we just responded. it wasn't a negotiated situation. >> and, hank, what did they say to you? they just wanted to make sure it was filmed so when the camera pans to the crowd there's people there? what were the rules around buying the tickets? >> they wanted to make sure that

some newsto tell you in carl icahn.e wrote on twitter, just shares.500 million more we are neck and neck with apple's buyback program. >> a generated $130 million. it is a lot of money. i was suggested that this is getting serious after what we saw for the earnings shortfall. >> this is a buying opportunity. he just purchase another $500 million. this now brings his stake to more than $4 billion. this should give him more muscle when he pushes for that. he was $50 billion a year. he would like the company to do it. >> do you think that apple should be concerned that he has taken such a big stake because he would just be pressing them to pay out the money or do you think that they actually have got investment opportunities at apple that they don't want to pass the money. they are saying they don't want share buybacks because they want to invest in these new products. >> i talk to him. here is what he is saying. with their huge cash, it should have absolutely no effect on the money. they can doint that both. they are inno

why focus on carl icahn?he stake holder who gets long and loud in an era when corporate boards are more responsive than ever to disgruntled shareholders. even on a down day like today, we must remember there are many ways to win. one is to bank on an activist like carl icahn when he swoops in either to change or to conquer. stick with cramer. >>> i like to say there is always a bull market somewhere. i promise to find it for you on "mad money." i'm jim cramer. i will see you tomorrow! hey, hey, hey. how's she run? >> she runs great when she runs. >> dude, you told me it ran. >> only way we're gonna make a deal is if you get it running. now i'm putting matt to the test. i've wanted to do a gold car for a while. why don't we try it? >> here goes. i'm gonna open the door. >> whoa-ho-ho! look at that! she might be faster than the little chevy. >> what are you talking about? >> let's drag race. >> get your big boy britches on. >> tom's gonna race a car that's worth $100,000, and that's not a concern. his concern i

you heard about carl icahn buying hundreds of millions of dollars. you heard about the incredible number of it phones they're selling. is apple's stock on the verge of a breakout? what do you think? log on to facebook.com/afterthebell. your answers later this hour. ♪ [ male announcer ] once, there was a man who found a magic seashell. it told him what was happening on the tradg 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. ♪ [ indistinct talking continues ] went back to being a...shell. ge live squawks right inour trading platform with think or swim from td ameritrade. ge live squawks right inour trading platform but with less ergy, moodiness, i had to do something. i saw mdoctor. a blood test showed it was low testosterone, not age. we talked about axiron the onlynderarm low treaent that can restore t vels to normal in about two weeks in most men. axiron is not for use in women or anyo

carl icahn -- his newest target is ebay. the activist investor has taken a stake in the company, less than 1%. he is calling for ebay to spin off paypal into a completely separate company. he joined us on bloomberg television just a couple of hours ago. let's take a listen to what he had to say. >> there's no reason they should be together at this point. in our opinion of fact, i think it would be helped by a management team that is separate and can go their own way, and i think the multiple would go up dramatically, and also the health of the company would be better. >> ebay, not surprisingly, not too happy about this idea, saying in a statement that they have thought about this in depth and concluded that the company and its shareholders are best served by the current strategic direction of the company and does not believe that breaking up the company is the best icahn icahn way to maximize shareholder value. has also --icahn has also nominated to of his own employees to ebay's board. i want to bring in cory johnson, our e

why focus on carl icahn? gets long and loud in an era when corporate boards are more responsive to disgruntled shareholders. even on a down day there are many ways to win. one is to bank on an activist like carl icahn when he swoops in either to change or conquer. stick with cramer. you got the bargain kind? you need a bunch of those to clean this mess. then i'll use a bunch of them. then how is that a bargain? [ sighs ] no, that's too many -- it's not gonna fit! whoa! cascade kitchen and math counselor. here's a solution. one pac of cascade complete cleans tough food better than six pacs of the bargain brand combined. so you can tackle tough messes the first time. that is more like it. how are you with taxes? [ laughs ] [ counselor ] and for even more cleaning power, try cascade platin [ laughs ] i'm bethand i'm michelle. and we own the paper cottage. it's a stationery and gifts store. anything we purchase for the paper cottage goes on our ink card. so you can manage your business expenses and access them on

carl icahn getting ready for his next proxy war. bloomberg television about why shareholders should have more of a say. >> this whole business of the divorce between ownership and management, i really think it is hurting our economy greatly. it is time that shareholders should have more to say. in the big picture, not micromanaging. we have done work on ebay and we believe without question it is a no-brainer, paypal should be spun off. >> carl icahn saying his plan to spin off paypal is a note trainer. -- a no-brainer, ebay executives are betting long on paypal. bill harris, you have a different take from carl icahn. what is the case to keep paypal? >> is incredibly integrated. when you buy something on ebay, you pay for it with paypal. the paypal heart of service. obviously, paypal is moving outside of ebay. both online and off-line. this integration of the two is terrific. >> is paypal innovating enough? how has it evolved since he founded it? >> it is a larger organization, the more difficult it is to innovate the larger you get.

hey, rick. >> hi, carl.ng to make strategic trading decisions. supply and demand is one of them and risk versus reward is the other. i want to explore both of those dynamics with our special guest, hi, chuck, and happy new year. >> listen, supply and demand, whether you're looking at the treasuries which the fed owns trillions of along with mortgages that are not going to be trading any time soon or all the buybacks going on in the equities. supp supply/demand goes a long whey to explain the anomalies, interest rates, level of stocks in the economy. tell me what trimtabs and some of the number crunchers such as yourself have discovered about the flows in the mutual funds and etfs about buybacks. >> well, as we've said, all there is in the stock market shares of stock and money flows in and out of checking accounts. earnings have never academically been proven to predict stock prices but supply and demand does. so far this year there's been, believe it or not, very little new money going into mutualquit. the

do you agree with carl icahn?hey do these to either give it back to investors, do a share buyback? >> i agree to the extent that there's a larger opportunity for them to buy back more shares, to accelerate that effort, and that could be a near-term catalyst for the stock. cheryl: we've got the earnings coming back, but i want to hear what you're looking at in particular. i'm assuming high on your radar's got to be iphone sales. >> if you look at the december saleses, this is their first full quarter of iphone s and 5c sales. the december quarter should be strong because of the full quarter of the iphone. i also think you have pent-up demand for ipad. in calendar '12 they had two releases of the ipad. and if you look ahead to the march quarter, they should get the benefits of their new distribution deal with china mobile. cheryl: do you worry about the ipad itself being taken away from by the ipad mini? do you ever get concerned about that relationship? >> the concern for apple from a margin standpoint is successfu

carl icahn made today's news good. i think it is also worth going back and thinking about what happened way back in the day. brad and i remember -- collect that's why i asked you that's why i asked you guys. >> meg whitman decided to buy ebay decided to buy paypal, not because paypal was profitable. not because paypal was successful, but because paypal has so much control over the ebay platform. so many ebayers were using paypal as a payment method, even though paypal was losing a ton of money, that ebay recognizes someone else got their hands on paypal, it would be a threat to ebay. that is why they bought it. they had their own payment platform, and it was not taking off quite as well. you may remember covering this back in the day. >> you are bringing it all back. the big risk for ebay right now is the distraction that is created at a key strategic moment. you can tell the inflection in his voice changed. he is worried about this. the fact that shareholders are swarming around the idea creates a little bit of a self

david: let me go back to tom and talk about carl icahn for a second.charlie gasparino's conversation with icon last week he just bought $500 million worth of the stock. according to my calculations, the stock is down now about 4.5%. that means he had about a 20 million-dollar paper loss today. how soon will it take to get that back? >> i think he has done reasonably well since he made his first investment and i'm confident the stock will do well over next 12 months and carl icahn will be more than fine. david: now you have a $650 price target on the stock. did today's unit sales numbers worry you perhaps it won't get up to that? >> again, i think when you look at sales better than expected but iphones units being weaker the question is the problem the 5c, not the 5s? if the come is the not the 5c but the 5s? the 5s will have robert marr begins. i think if they do enterprise tablet that would be great for margins standpoint. cheryl: the stock again in after-hours trade something down. about 521 and change. i had an analyst on earlier say, 520 is the swe

>> it's a dynamic process, carl.nue the debate. but this doesn't mean it gets over the finish line. first of all, you're going to have republican attempts to amend the temporary extension on the floor with things that would pay for the extension, things like taking money out of obamacare. the democrats won't want to do. even if they can clear those hurdles and get 60 votes in the end, to get to a final vote and pass a temporary extension you've still got objections from the house. talked to a leadership aide a while ago who said this is not likely to go anywhere unless the president proposes a credible plan with pay fors and incentives to create jobs and no indication the aide said there was no indication the white house intends to do that, thinking that they want to campaign issue for 2014, the mid-term elections. so we're going to have to see whether or not you have further erosion of the republican position which would make it possible for a deal to be struck and the president is going to try to make that happen w

explain the impact, carl. >> well, we saw it in the december employment report.re was a big weather dampening effect, no pun intenninged, and we see it in home sales as well. sales volumes in the northeast and midwest, we saw declines in the latest round of data. >> and yet you suggested that long-term the picture looks good. >> long-term the picture looks good for the broader economy in general, and specifically for the housing market. the data can be lumpy on a month-to-month basis, especially if the roads are covered in snow and consumers and would-be buyers are effectively shut in. >> and yet there was that kind of nasty jobs report from december. >> yes, december we saw just 74,000 jobs -- when we look deeper into the details we know the number of people impacted by inclement weather that shouldn't show up to their job or work reduced hours was worth about a hundred thousand. so the trend going into the december report was about 200,000 jobs a month. january has been a pretty lousy month as well, so i think maybe that payback could be postponed even until fe

>> i really don't think so, carl.e are always going to have a multichannel, okay. we were talking about it earlier. sears always had brick and mortar and always had a catalog. you're always going to have multichannels. online is going to have to create a great experience because that's a credit market also. so i think, you know, apple did a heck of a job building their stores. that's why their products, i think, again are so compelling to people. because to shop that store is so interesting. >> we led the conversation with the sound out of the target ceo. what about the customer says i've had it, i'm not going to put my credit at risk, my bank account at risk. >> i think everybody has to take it seriously. i think target has done a great job in how they've dealt with it. you've got to be very transparent. i think the consumer is a little bit sort of shocked now. but it's going to come back. it's a short-term problem that needs a long-term solution. and customer confidence has to come back that their data is going to b