problems and balance sheet problems, but i've also made a lot of money by recommending stocks with carl icahn. what do i have to say? i say -- >> don't buy, don't buy -- >> caught in the middle, cross-fire, i step away, not going to opine navistar. too hard. make in new york, mike. >> caller: boo-yah, mr. cramer. >> boo-yah. >> caller: i know you suggest making gold part of your portfolio. >> indeed. >> caller: september is usually a good month to do it. >> right. >> caller: but with gold up the last month and couple of months and the expectation of easing by the fed and china and eu already sort of baked in and there's still no inflation expectations, my question is, do the recent weaknesses in the markets in china and india make this a good chance to short gold? >> no, because it's hard to find. we talked about it last night. there's not enough money out there trying to find gold. we've got a limited supply, strong demand, china in demand, and most important, if europe decides to devalue the euro, you've got a currency, and that currency is gld. gold, the profits are there. the global econo

carl icahn sounding off against navistar. why? >> we know carl icahn lets his thoughts be known.oking at navistar basically it is to the downside. he is saying the decision to make lewis campbell chief executive officer he wrote a letter to the company, a poster child for abysmal business decisions poor corporate governance. he is sounding off to navistar and talks about to offer board seats to some of the shareholders. they're trying to respond. they're disappointing, navistar disappointing carl icahn expressing these thoughts. they say they have a clear path. western digital naming a new ceo. ceo, john c.o.i.n. retired. don't forget that. western digital is under pressure. back to you. lori: thank you so much, nicole. melissa: so the "wall street journal" sponsored conference innovative invest israel is underway. joining us now with more is adam shapiro. adam, what's going on? >> well we're going to turn our attention now to something not only important to israel's economic future but to its actual security and that has to do with energy independence. joining to us discuss isra

now carl icahn is in there. written two scathing letters. wait to see what the next chapter is here. >> you're saying you should have talked about these more. >> yes. this i wish i had been on much more, even going back a year when i was looking at it but not talking about it much because lot of people not interested in the name but i am and i should have. >> who needs sleep? >> the other name that i have not mentioned that i wish i had mentioned is verifone. this stock has been killed because of concerns about companies like square ond othans coming after that. yesterday at a meeting with jpmorgan and analysts, the ceo from somebody i know who was there was out there basically blaming the short sellers. when that's the case, it makes me say, gee, i missed that one. >> you are the most desirous of more air time at cnbc. herb, thank you. >> thank you very much, herb. >>> let's bring in the guy behind what is probably the most bold analyst call of the year. he is gordon johnson and his call was first solar. we're going to set it up here, gord

carl icahn taking aim at navistar.ys he'll proceed with a proxy fight if management doesn't shape up. steve weiss, a little battle is brewing. >> it is. it is. stephanie and i were just talking. there's new management there. the ceo left. there's somebody new running the company. what people lose sight of is this is not a new position for icahn. he's built it up. he was in the stock before things really, really fell apart. i don't think this one's going to work out that well. if i were him i'd work in conjunction with one of his ex-partners who owns a similar chunk of stock and quietly get the company sold. they have between the two of them almost 30%. if it's worth something there should be a buyer coming in. >> buy the stock in hopes that happens? >> no. i don't buy stocks purely because i think they're going to get taken out. to me that's the play. if you're willing to make that bet, do it. fundament ams are not good. fundamentals for the company aren't good and fundamentals in the industry with engine sales declini