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. >

certainly foment with investors like carl icahn, southeastern, so on. >> you mentioned noise around thee. there was a lot of noise last night on fast money on the 5:00 p.m. show from mr. icahn himself call chesapeake an undervalued asset, kate. you've got the dynamic duo there potentially of icahn and loeb in that name. >> a lot of people feel that way about chesapeake. they have been mired in controversy, a lot of issues there. they have been compared to enron in terms of creative accounting. however, knows not much dispute real assets and real value to be unlocked potentially. that's kind of the bull and bear case in a small nut shell. >> kate kelly, thanks so much as always. on top of the story from the out set, saw the movement. terra nova tie up that conversation. >> you have a lot stepping in buying chesapeake. i will say this, if the price matched where it was six weeks ago, i don't think they would be as aggressive as they are now. the price of natural gas is one of the motivational factors into why they are stepping in here. >> would you follow those guys, follow them into ches

. >>> an exclusive interview with activist investor carl icahn.rget right now we'll talk about what his plans are for chesapeake. and then a second half playbook from nat gas, oilg a and grains. all that and much more top of the hour on fast. >>> can't wait. >> that's coming up. but before that, what will move your money first thing tomorrow morning? our trio of wall street's leading strategists tell us what's on their radar. >>> and a new study shows that children who spend more time in the whom haomb have higher test scores. stay with us. ♪ ♪ ♪ [ male announcer ] not everything powerful has to guzzle fuel. the 2012 e-class bluetec from mercedes-benz. see your authorized mercedes-benz dealer for exceptional offers through mercedes-benz financial services. for exceptional offers this is new york state. we built the first railway, the first trade route to the west, the greatest empires. then, some said, we lost our edge. well today, there's a new new york state. one that's working to attract businesses and create jobs. a place where innovation meet

there's new products coming to market and carl icahn is still circling, so still positive sentiment. >>> double disaster. herb, shopping for a new bed, my friend? >> always shopping for a new bed. >> wearing yours out, huh? >> mattress making for a hard lining after slicing in its second year full sales outlooks. part of the problem is promotions by bed makers, most notably temp er pedic. it was a surprise to many analysts. look at this education and technology, a chinese education company, it is getting killed after it disclosed slower revenue growth. in an valuatiinvestigation into accounting. this is the second chinese stock to blow up in two weeks. last week it was ambo education. >>> have a quadruple dose of sunshine. mom "mamma mia!" look at papa johns pizza chain n. the stock is up about 34% since the start of this year. that's a lot of pizza. >> certainly is. >>> up next, more and more women are crashing through the glass ceiling, especially in america's tech hub. >> and why more and more people are talking about marissa mayer expecting rather than what they're expecting her

carl icahn loaded with these stocks, navistar and oshkosh.een his jcpenney just like ackmann has taken the hit in those. i think this could be the same. >> no one is worried about apple? >> i'm not worried about apple. that's one i'm not worried about. >> coming up on halftime, will ben bernanke hint at easy money when he testifies tomorrow. john brynjolfsson from a hedge fund tells us how he's positioned in a world of slowing growth. more after this coming up. p.of . i bought the car because i could eliminate gas from my budget. i don't spend money on gasoline. it's been 4,000 miles since my last trip to the gas station. it's pretty great. i get a bunch of kids waving at me... giving me the thumbs up. it's always a gratifying experience. it makes me feel good about my car. i absolutely love my chevy volt. ♪ [ female announcer ] want to spend less and retire with more? then don't get nickle and dimed by high cost investments and annoying account fees. at e-trade, our free easy-to-use online tools and experienced retirement specialists can hel

adding to the dynamics of the story, guys, carl icahn owns stock.o or three weeks ago, raised the stakes. haven't heard from one of them. >> you love when they don't take questions. you love that. >> no. when a company doesn't take any questions, that's really something. in fact we invited the ceo to come on cnbc today. they said they were busy doing other stuff. what i also love when somebody like an icahn out there willing to talk about other thinkses isn't talking about this. i said it a week ago, i'll see it now, doesn't respond to questions about this. why not? what is a guy like that going to have to do. he and another own 25% of the stock. you've got a situation with credit analysts looking at it, stock guys looking at it. >> mr. icahn, herb.greenberg. >> please. i never heard back when i e-mailed, we all called and tried to get him to talk about it a few weeks ago. he doesn't want to talk to me, i won't take it personally. >> mike murphy does. >> i was on the call, short on detail. have you heard anything about what they are doing with engin

whereas motorola mobility, here's carl icahn.hat was the time to be sold and it would be nowhere what google paid for the that company. rim's day to sell may have passed because they thought they could affect a turnaround. >> there's still options for rim in terms of what it does with the network and opens the network up. but again it's all about whether or not the ceo is willing to recognize that the company is at that point where they have to explore the options as opposed to go it alone and sounds like he says there's nothing wrong. >> and ip may be significant, as well. >> all right. keeping an eye on that. meanwhile, tomorrow marks the 2367th birthday of this country. the united states of america when the declaration of independence was adopted in 1776. brings us to this morning's squawk on the tweet. what would you get your country for the 236th birthday? that's a lot of spankings. >> i was thinking candles. >> candles. get your responses throughout the morning. >>> all right. coming up, a live interview with international

carl icahn on the offensive against forest labs.ssion plan. soloman fighting back with a detailed rebuttal of his own and his own qualms with mr. icahn. ken squire joins us to talk about what's rarely boring activism. you follow it as closely as anybody. let's start off with forest labs. people may recall last year icahn lost. here we are again. he's after it again. where are we? what's going to happen? >> icahn lost last year primarily because he got -- the company got iss's recommendation. even though they recommended with the company, they kind of railed against their corporate governance and against their performance. the company replaced three directors right before the proxy fight last year. and made some promises about corporate governance improvements they'd be making. a year later now, performance is still underperforming their peers. they haven't followed through on any of those corporate governance promises. so i think it's going to be very different this year. >> you do? you think icahn's got a decent chance going into t