i guess it's my understanding now that the 13d has been released by carl icahn. s show he's taken a 12.98% stake in herbalife. that's 14 million shares. mr. icahn telling me just a short time ago over the telephone that he's done a great deal of research on this company. that he does not make an investment like this lightly. that he has spoken with the ceo of herbalife, michael johnson, several times and thinks he is doing an excellent job. he also went on to say that bill ackman is completely off base in what he has been saying about herbalife. so this is really, guys, game on now. this is really big ackman versus carl icahn for real, as carl icahn is making a bet that herbalife is in fact the legitimate business he believes it is and it's not a pyramid scheme, that bill ackman has alleged ever so publicly. i should also tell you that obviously in something like this, there are so many questions that remain. and carl icahn is going to come on our show at noon tomorrow, sometime between 12:00 and 1:00, where we'll be able to ask him directly, you know, more of the

carl icahn took advantage of that, buying it near the low. hundreds of thousands of shares below $26 a share according to the filing and he bought it all the way up. to your point about the option, may 107b8g, scott. put that one on your calendar. that's when the first traunch of these options expire. these long calls, american exercise. meaning at any time, he can turn them into cash. then he is short puts. then another traunch going out to january 15. a total of 8 million of those options out there, scott. so this is a huge position, very smart investor, who knew he could get leverage by doing this. he is getting paid, of course, for selling the puts that finances the purchase of the calls. it is a brilliant trade. if he is -- if indeed it goes his way, he will make an unbelievable amount of money on this. ackman, on the other hand, has very limited amount he can make. >> somewhat lost, steven weiss, in this whole battle between these two gentlemen, is the battle over a company, right? at the end of the day, it is a battle over the company'

as much noise as carl icahn made think of this.ast money" last night and the stock closed below $39 today. i think there are long holders of the stock who have been in the name for a long time who are using the opportunity to sell even when it's up or down. to me, i think the story stinks. i think ultimately they both have the potential to be wrong. at the end of the day when you have a stock open up 20% and close up 2% it's a disaster. >> one of the reasons you saw the technical weakness is because of weak hands getting out of the stock. do you know where it's going? into stronger hands like carl icahn's. there is a lot of smoke. it wouldn't surprise me if in ten years we are looking at a big hole in the ground. we are looking at the stock in the meantime. this thing will make $4 a share assuming no buy back. it could be trading at basically 7.5 times earnings. all of ackman's thesis relies upon this company being shut down. i don't think it will happen even if the ftc came in. they could put a fine on them, ask them to change bus

herbalife just announcing reaching an agreement with carl icahn. ase the size of its board of directors and nominate two icahn representatives for election to the board. they have been in the middle after big battle between bill ackman who alleges the company is a pyramid scheme and carl icahn. herbalife to increase the size of the board of directors and nominate two icahn representatives. >> thank you for that. we will watch and see what shares are doing. >>> in the meantime, we are keeping our eye on the dows all time closing high. we have about 40 points away from that as where we are sitting right now. >> but up next, the free ride is kind of, almost over, on pandora. what the company is doing that could make free music listeners, you know, angry and stuff. back after this. [ kitt ] you know what's impressive? a talking car. but i'll tell you what impresses me. a talking train. this ge locomotive can tell you exactly where it is, what it's carrying, while using less fuel. delivering whatever the world needs, when it needs it. ♪ after all, what's

carl icahn hasbal life. that stock is moving big-time. carl icahn has a big stake in. bill packman said last year this is a fraud and he has been more -- stuart: drove the stock down. charles: real famous investor, real famous -- he said it was a fraud, stop immediately collapsed, wall street taking his word. some guys just as smart and rich as him saying weight of a minute, dan load is not a big-time guy with respect to media, he took an 8% stake as high as 68 but the big news is carl icahn involved, carl icahn has a 12.98% stake. he knows how to play this game as well as anyone else and that is why the stock is up. stuart: i don't want to get into technicalities but you drive the stock down, he drove it down, a lot of people betting it keeps on falling so they establish what is called a short position. along, these two investors, mr. loeb and carl icahn and they say hold on a second, we have a stake in this thing and the media be the stock starts to go up so those people who are betting it was going to go down got to buy it. charles: how much nehr do you have? it can

>> yes. >> carl icahn is using his money.e is not made as big a bet, if you will, as bill ackman has. so why does he need to do as much research as bill ackman has done on his side of it if he has less at risk at the end of the day? this is a -- i don't know, you call it invest many, a trade. he believes in the company. his motives are different than bill ackman's. >> when he comes out, he is bringing people in. people look up to carl icahn and look up to him to know what he is talking about. in this case, again, does he fully understand the nuances of the investment? the real nuances that could actually trap him where he said -- he said -- >> well, carl icahn doesn't operate like that, a million dollars down the drain. >> he has a great nose. someone was pointing out to me, he smells blood. but does he really understand, again, he says he doesn't have to understand it. i say in in this case he has to understand it. >> where are the regulators, by the way? >> it is regulators, attorneys generals, anyone in congress. we don't

again, carl icahn's going to be calling in a little later. f herbalife this morning up by about 20% in the premarket. up more than $7.50. icahn is going to be on the fast money halftime report at noon. that is an interview you don't want to miss. go that's for sure. the carnival "triumph" was supposed to return to cal vesten on monday. after a week-long cruise it finally reached land last night but it wasn't in texas, it was in alabama, in mobile. and that's where we find our own michelle car use row cabrera who is an international correspondent, but it was in the caribbean, i guess, wasn't it? so i think that counts. >> it's the gulf of mexico. >> okay. that's enough. that's enough. you >> you see the triumph behind me. it's going to be moved to dry dock later. they got all the passengers off last night. the nightmare is over for the passengers but carnival still has a lot to deal with. particularly more than 3,000 people who are tweeting and talking about how tough the trip was, and how awful they felt it was. for example, take a listen to t

herbalife saying they will add two new directors chosen by carl icahn to the board.er the terms of the agreement icahn can also increase the size of his stake to 25% of the company. of course you have two big names here with two different views. bill ackman a large bet against the company saying it's a pyramid scheme and carl icahn, heard those two going at it live right here on cnbc with our own scott wapner. herbalife up now some 2% on volume. that's just about in line with its ten-day average. maria, back to you. >> all right, josh. thank you so much. about 30 minute away from the closing bell right now. we're keeping a close watch on whether this market can make it to an all-time high. not everybody is convinced that this rally is for real. >> some saying we're setting ourselves up for a direction and should take money off the table and others still believe in this market saying this is the time to go long equities and both join us to duke this out. >> thanks for having me. >> once we got to 14,000 on the dow just to use that as an example, we've stalled here thi

carl icahn uses options on this stock. what is the best strategy? > > the best strategy is wait until it dips to around $35 and then get long. i'm going to get long for the longer-term part of january, 2014 position. icahn has much deeper pockets ackman. his net worth is about 20 times as much, so he can literally bury the guy if he wants. > > if you can ignore the noise and just look at the charts, we have seen a major recovery from the bottom- > > charts... > > -and it has gone straight down on all these rumors and innuendoes. so, i think it looks bullish, and i like the may 26 call, a carl icahn play here. a 26 call for may. the break-even is $1 higher. and if it breaks above $38 once again we could get a quick run-up to the $48 level. > round two: the data shows that americans like to work. but are we too productive? > > too productive? > yeah, you heard me. > > 2/3 of the united states population is overweight or obese, so i don't think we're too productive- > > what does that have to do with productivity? > > compared to china, i think apple i

representatives to the board and that was something that everybody had speculated and of course carl icahnporter of herbalife, unlike ackman of pershing who has been obviously a big, big, critic. back to you. ashley: yeah. the question remains is it more a case of icahn hating ackman so taking the opposite stance on herbalife. thank you, nicole. we'll keep an eye on that. the dow as we know within striking distance of a all-time high. what will it take to cross the milestone. sandra smith talking with traders in the cme in the pits talking about today's trade. >> i've been talking to them. a lot of traders expecting some sort of pullback considering we're 19 points shy in the dow right now of that all-time high. not getting that pushback, in fact right now. in fact the dow is up 69 points right near the highs of the session. so, traders are making bets and placing those bets on the table whether or not we're going to close at that new high today. a lot of them are leaning towards, we're going to see buyers flood into the end of the market today. s&p 500, by the way, most professionable tra

and, hedge fund manager carl icahn ups his stake in herbalife, calling the vitamin maker a legit business. that and more tonight on "n.b.r." investors spent much of this week focused on the u.s. market with major market indexes hitting five-year highs. but now the spotlight is shifting overseas. g-20 finance ministers and central bankers are meeting in moscow over the weekend. they will be debating the need for austerity, versus the need to spur growth. no one expects a quick turnaround for the european economy, which has been mired in recession. but as erika miller reports, that may make now a good time to invest. >> reporter: it would makes sense that american investors would be loading up on u.s. stocks with the market here doing so well. but they're not. last week, investors in stock mutual funds put virtually all their cash in international markets. more than $3 billion went into funds holding international stocks. by comparison, mutual funds holding u.s. stocks suffered their first outflows of the year. investment advisors say small investors may be on to something. >> international

are they siding with this bill ackman pain trade, in other words, siding with carl icahn?> well, the top ten most active options in herbalife today were all calls, so, i think they're sort of going with the possibility that he's going to get squeezed a little bit here and there's room to the upside. basically, everything 37 to the 40 calls, all these things were trading quite actively. so, i think that obviously they're looking at it. there's no much risk of a down side shock, but there is some possibility the stock could move to the upside if carl gets some action. >>> time is still ticking down until the sequester. congress voting today on dueling proposal that would present domestic spending cuts before the deadline tomorrow. if no deal is reached, the department of defense will cut its budget by 8%. so, why don't investors seem to care? let's bring in brian rutton. and brian, specifically, you take a look at the philadelphia defense index and it seems like every day, it is a march to new all-time highs. so, what gives? >> good question. i can't figure that out. because

anyway, good chance whether we see carl icahn is on the stock.obviously if he is not in the stock, his, attacks on ackman are clearly like, you know --. lori: vendetta personally. >> just a personal vendetta you, which it is anyway. melissa: i was going to say that. >> this is kind of an interesting story, herbalife. melissa: for sure. >> not the biggest stock in the world, not the biggest market cap we have. it is not even the most important company. we deal with many more important companies but if you're out there it is a tradable stock. these short term iterations if you're a trader, traders do watch, average people can trade. they do it all the time, are two sort of interesting data points. today, what ackman is going to say at this harbor investment conference, should point out he is one of the cochairs. he will have the marquee billing. we understand it will be later in the afternoon. that is one data point. watch us because i'm sure we'll have an update on that. number two, what icahn does, do we get some disclosure whether he is in the s

. >> it could be a stomach churning evening as carl icahn and bill ackman. and dan fulton is next on the half. ♪ [ cows moo ] [ sizzling ] more rain... [ thunder rumbles ] ♪ [ male announcer ] when the world moves... futures move first. learn futures from experienced pros with dedicated chats and daily live webinars. and trade with papermoney to test-drive the market. ♪ all on thinkorswim. from td ameritrade. [ male announcer ] citibank's app for ipad makes it easy for anne to manage her finances when she's on the go. even when she's not going anywhere. citibank for ipad. easier banking. standard at citibank. okay. [ male announcer ] with citibank's popmoney, dan can easily send money by email right from his citibank account. nice job ben. [ male announcer ] next up, the gutters. citibank popmoney. easier banking. standard at citibank. . >>> well, the stakes are high for hedge fund heavyweights bill ackman and carl icahn tonight when herbalife report earnings. let's go back to the options market, j.j. what are we going to -- what can we figure that the optio

the big billion dollar short put on here and carl icahn taking a 13% establishing, after the sell sharesed. he's looking to meet with management and could include a so-called go private transaction and told us here exclusively on cnbc on friday that this was business, not personal, between him and mr. ackman and or the weekend i reported dan loeb had trimmed a bit of his stake in herbalife as well. shares up 16% since the beginning of the year and seem to be increasing here as we're speaking. a gain of 1.33%. a little drama has to hold until tomorrow because the conference call for this company is not until tomorrow morning at 11:00 am reason. we'll see if the company addresses either. the drama will continue. we'll send it back to you. a heat on the top and the bottom. full-year guidance better than the street had been looking for as well. >> thank you very much. >>> coming up, our panel of wall street's finest will be here with a look ahead at the market action and we less also talk about where the next blockbuster deals lie. we're back in a moment. stay with us. scalpel. clamp. glitte

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he thanked carl icahn and dan lowe for making it a bigger story. and that the attention that it's getting means that regulators will pay more attention to it. he said the biggest risk in getting into the story is that regulators wouldn't focus on the company, but now it looks like they are getting that focus and that publicity was the key to that. he was addressing the question on the hong kong dollar, his major call last year. of course, we'll be monitoring this story. we saw that herbalife shares were trading lower on the back of some of these comments. going to take a break here. coming up next, afterhours action. we are on the earnings call for the latest developments on cisco. leon cooperman signs onto facebook and logs off of apple. we tackle the reasons you may want to friend social media stock, as well. be right back. >>> still to come on "fast," in a world where heavyweights battle it out right before your eyes, ali versus frazier. ackman versus icahn. >> you want to bid for the company? >> you don't have to tell me what i'm free to do. >>

so, you know, carl icahn, that's interesting.ard that, but i'm not surprised by hearing that. >> it would sort of hit his m.o., wouldn't it? >> it certainly would. look, bottom line, this is a company, in my view. this is a board in my view, that now must have the courage to examine every strategic alternative in front of them and to be very disciplined and accountable about how they do that. >> yeah. >> all right. we'll leave it there. >> great to have your insights. see you soon. in the final stretch of trading for the day. we've got a market down six points. at the end of the day bill might be right. >> we were down two points a moment ago. maybe that was the peak there. we'll see. >> forget that s&p scandal on mortgages. remember the rate-rigging scandal on libor? that's back in the news. kayla tauschy is here with what w.h.o. has to pay up now. >> not even the federal reserve is safe from cyber hackers. is any institution safe from this fast-growing threat? how you can protect your money. we'll talk about it later coming up

. >> carl icahn making a big bet on herbalife, a company his new arch rival bill ackman is shorting. that's next. >> great theater in that one. also, the s.e.c. also investigating unusual trading activity ahead of the $23 billion announced acquisition of h.j. heinz, and this, just as individual investors, of course, are tipping their toback into the market. we'll examine more funny business on wall street later on the "closing bell." my mother made the best toffee in the world. it's delicious. so now we've turned her toffee into a business. my goal was to take an idea and make it happen. i'm janet long and i formed my toffee company through legalzoom. i never really thought i would make money doing what i love. [ robert ] we created legalzoom to help people start their business and launch their dreams. go to legalzoom.com today and make your business dream a reality. at legalzoom.com we put the law on your side. to compete on the global stage. what we need are people prepared for the careers of our new economy. by 2025 we could have 20 million jobs without enough college graduates to

carl icahn purchase ad 13% stake in the company. says it has long-term growth.l icahn's stake in the company, people knew it was coming, right? the night before he went public with it, then he did some tv shows. when he started talking about the company, shares went down. it was he have interesting. the night before he disclosed it, a spike in the stock. that next day, last friday when he started talking about it, shares of herbalife went down. this is kind of an interesting part of this battle. people are really questioning whether, whether carl icahn knows anything about this company or his animus, long stated animus with bill ackman the short seller. michael johnson ceo of herbalife will be on the call. it will be heavily scripted. they want to keep him on message. at least the body language coming out company officials means it will be pretty good earnings they announce after the bell. ackman will scour the 10k, that is the report. he will look at it. he will check it out for any inconsistencies. i know it for a fact, sources close to ackman tell the fox bus

but the battle between hedge fund giants carl icahn, who now owns 13% of herbalife's shares and bill ackman who has a billion dollar short or bet that herbalife shares will fall is taking a nasty turn. >> a number of other hedge fund managers have gone public with shorts especially when they claim that something wrong is going on at a company. what's different in this case is that icahn also came out and was very vociferous and said, "oh no, this is a wonderful company and bill ackman doesn't know what he's talking about." it's very rare to see these guys go head to head in public. >> reporter: icahn's disclosure that he now owns 14 million shares came in a filing to the securities and exchange commission late yesterday. icahn said quote "herbalife has a legitimate business model, with favorable long-term opportunities for growth." icahn's stake is a big bet on the future of vitamins and protein shakes. it also puts him squarely against rival bill ackman. ackman's firm has sold short about 20 million shares of the same company, criticizing herbalife's business model saying, quote, "a

carl icahn disclosing his stake of 13% in the company. believes in the company.ic all turns for the billionaire. he has been taking on bill ackman at pershing. bill ackman reiterated his whole view that he thinks herbalife is house of cards, a ponzi scheme, a pyramid. yet carl icahn has made it known he think that is the investigation, the way that bill ackman does that is not with expertise. they certainly have a back and forth happening. hear is the stock up 8%, the fight goes on. nicole, thank you very much. new concerns about the economy after american factories slowed down production last month. the federal reserve says industrial production dropped .1 of a percent between december and january. factory output fell .4 of a percent after rising in november and december. the drop largely due to sharp 3.2% decline of production of autos and auto parts. the january slowdown comes as the auto industry posted its best sales in five years in 2012. meanwhile president obama has been touting what he calls a manufacturing renaissance in this country but a closer look a

. >> carl icahn your shareholder happy? >> listen, carl has made a lot of money and he's been very supportive. and, you know, we've worked with carl and it's great to have a shareholder that's very supportive. >> okay. one last question, do you think that there is an envy? what is it that is making the target? because i mean a lot of companies. whole foods stock when i overlay it on hain, they're pretty much the same. >> well, if anything, their multiple is higher. there's a lot of other guys with multiple or higher and i've come back and seen some restaurant chains that have some healthy connotations and seeing how their stock has moved up. and i love to have their multiple. listen, number one is we put our heads down, we focus on healthy food, changing the way america and the rest of the world eats. and the proof will be in the numbers and that's it. and, again, not many companies are growing at 25%, high single digits, low double digits. >> none in your category. >> with margins growing the way they are and our profits up

carl icahn

icahn investments, up 68%. like energy. any of you guys want to take on carl. proof activism works when you have permanent capital in place. cvr, 2 billion, netflix, a quit $800 million, raise your hand, we can call carl. nobody? >> the guy's a winner on these? this is this is investment game. he's actually made it work. probably the best way to do is buy his stock. the problem you have with carl if you follow him into a stock after he's announced he's been into it, he can dump it and you won't know it. you're much better off following him iep and following the others. >> he's kill it with cep annette flicks. >> activism as public as ever with what they're calling for apple to do. good for the markets or bad? >> i think it's terrific for the markets. like being in 30 foot surf, would you rather be with a professional who knows where to be, how to get over the wave and how to take care of yourself if you can't or a bunch of amateurs. carl is one of the best. doesn't do things frivolously, understands what transparency and governance is. word structures tend to b

with the much talked about feud between bill ackman who claims herbalife is pyramid scheme and carl icahnen a position on the other side. as for the ep ask. -- eps earnings, the $1.5 on herbalife. the estimate was for 1.03, so we have a beat on that. revenue coming in 1.1 billion for herbalife. the estimate was for 1.05. it beat on top and bottom. we also have results from marriott, the big hotel chain. eps coming in at 56 cents on revenue of 3.7 billion, beating the eps by one cent. also beating the revenue estimates which were at 3.66 billion. of course we'll be watching for more information from both of these companies but we have seen herbalife moving slightly higher in after-hours trading, guys. back to you. liz: not bad, a beat and a beat. thank you very much. today, let's look at the market drivers that really drove stocks. stocks moved higher on reports of corporate deal-making. all three major indices as s&p 500 advanced to a new five-year high. nine out of send s&p sectors close in the green led by srg and consumer staples. materials was pretty much only sector to end the tradin

we have seen this in the spat between the billionaire investor carl icahn and ackman on cnbc. macy's and jcpenney over martha stewart and her brand. here with all the juicy details, take us through the icahn ackman thing. >> i called up and said, maybe we can be friends now. i think we have that quote on the wall there. then ackman said, you know, i never wanted to be your friend. icahn said i never asked to be your friend. the ego, friendships resurfaced with martha stewart where terry lund greene said, i thought you were my friend, martha. you were friends with my wife. againw martha stewart it's even more complex because she is the company. so it's hard not to get personal with martha stewart living company, because she is the company. >> friendships and business sometimes don't mix. you've been following this jcpenney macy's thing and terry lungren and his wife were friends of martha's. i guess they are not going to be eating off martha's flatware. >> as a matter of fact during court, said after martha called me up and she told me fyi, i'm going to announce this partnershi

. >> carl icahn your big shareholder happy? >> listen, carl has made a lot of money and he's been very supportive. and, you know, we've worked with carl and it's great to have a shareholder that's very supportive. >> okay. one last question, do you think that there is an envy? what is it that is making the target? because i mean a lot of companies, whole foods stock when i overlay it on hain, they're pretty much the same. >> well, if anything, their multiple is higher. there's a lot of other guys with multiple or higher and i've come back and seen some restaurant chains that have some healthy connotations and seeing how their stock has moved up. and i'd love to have their multiple. listen, number one is we put our heads down, we focus on healthy food, changing the way america and the rest of the world eats. and the proof will be in the numbers and that's it. and, again, not many companies are growing at 25%, organically, high single digits, low double digits. >> none in your category. >> with margins growing the way they are and

aubrey mcclendon, erwin simon, they praised carl icahn for his ideas and support.yed a protective role but at times the desire to make the numbers requires the managers to make outrageous claims and you can argue the current ceo of apple might be goaded to do something and when the company meets with shareholders i hope so and isn't there some benefit of the doubt given the money they have made for people over the years? why can't they accept it for what it is rather than lambaste it as a ne'er-do-well. what's the matter with selling it and admitting you got it right for a long time and failed to sell some at the top? why can't the hedge funds suing argentina realize they take a risk and filed. do you think any hedge fund that does it vocally should be able to crush it in its own right and throw thousands of people out of work? is that a good thing? do we want to annihilate any current shareholders and drive off potential buyers with fierce warnings? i don't like that. i have to admit i am at a loss why herbalife doesn't sue for interference of business but is it r

carl icahn last year offered to buy the company at $30 a share.he stock is now at $53 a share which would have netted him about $300 more. tom kartsotis sold more than $22 million in fossil shares in march of '09. shares are up some 500% since then. those shares would be more than 130 million bucks today. then there's dennis wilson as yoga retailer lulu lemon. he sold $6 million in lulu in september 2008 and two months later. shares are up 1600% since then on those two trades alone. wilson cost himself $40 million. but what about those repeat offenders? the data shows the ceos who sold the shares most often are jeff boyd of priceline.com and reed hastings at netflix. both ceos have long had prescheduled selling plans in place with or without a crisis. so you can't blame them for that. >> the old plank. yes, they are human beings. and they -- we call it the smart money. but they don't always get it right. >> not at all. 15 minutes before the closing bell sounds today. >>> watch out. despite the rally so far this year, our next guest says a market p

it the first reaction from bill ackman, whose billion dollar short pitted him against carl icahn who has taken the stake in herbalife along the long side. all of this coming to a head really in the last couple of weeks on this very program. herbalife announced better than expected earnings. outlook topped expectations as well. stock not getting a lift off of that, down 2.75%. now the first comment from bill ackman. all right, earlier in the show, we asked to you weigh in on our toll brothers debate and desite whether the bear or bull won. we have tallied results. our toll brothers bull made the better argument. you want it make a quick comment there? >> yeah. just one thing, a lot of negative news is out thereabout else to selling prices being lower. the reason for that is selling condos on 65th street that had a much higher selling price so it makes that case stronger going into the spring selling season. >> you got a final trade while we're at it? >> i could. tyc, tyco. there were rumors there would be a buyout here. i think it comes sooner rather than later. all right. >> berkshir

anti didn't touch with carl icahn. he did not come back.iately thought those rumors are right, and they're pretty much on the money. he could increase his stake. the increased slightly, but it is kind of interesting how the stock is working. amigo it was a weird kind of turn of events. i get dizzy else today's ago. but, like i said, now the real game is, you know, how far this deal? does he really take a position in this company? you remember, it's kind of interesting. a lot of people thought claman@foxbusiness.com should go private. that would be -- then they could do whatever they want without the glare. mean, is it possible that foxbusiness.com is on the way to taking this thing private and doing a buyout of the things? satisfying current shareholders, squeezing the hell out of that. he takes the private it's over. so it's a lot of stuff going on here. i guess stay tuned. liz: by the way, just a second ago the stock then made it to up about 7%. right now is just under seven. very quickly moving. ticker's symbol hlf. fun to watch, but it

you know bill ackman and carl icahn will be anxiously awaiting those herbalife numbers, so will we.ing the last hour. >> the australian dollar bouncing back. when i hear that song, a little tear comes to my eye. the question is whether or not it is going to last or what traders call a dead cat bounce. that's what kathy says, she joins us live. remember when australian dollar? >> that's a possible scenario in the australian dollar. if you take a step back and look at what central banks are doing right now. you'll find reserve bank of australia is looking to be a lot more aggressive than many of its piers. theres s weakness in the bank. they had nothing good to say about the economy. i think in march they could cut interest rates. the dollars not trading like the market answer patz it. i do think there's a possibility to see further losses. nothing more than dead cat bounces in the aussie today. >> australian central bank has been cutting rates a while but really makes hardly a dent in australian dollar. even if it cuts rates it's way higher than any other developed central bank i can

and, hedge fund manager carl icahn ups his stake in herbalife, calling the vitamin maker a legit businessore tonight on "n.b.r." investors spent much of this week focused on the u.s. market with major market indexes hitting five-year highs. but now the spotlight is shifting overseas. g-20 finance ministers and central bankers are meeting in moscow over the weekend. they will be debating the need for austerity, versus the need to spur growth. no one expects a quick turnaround for the european economy, which has been mired in recession. but as erika miller reports, that may make now a good time to invest. >> reporter: it would makes sense that american investors would be loading up on u.s. stocks with the market here doing so well. but they're not. last week, investors in stock mutual funds put virtually all their cash in international markets. more than $3 billion went into funds holding international stocks. by comparison, mutual funds holding u.s. stocks suffered their first outflows of the year. investment advisors say small investors may be on to

j, where do you stand on this stock or other media -- >> this is one, of course, that carl icahn got rebuffed on and nearly triple from where he tried to buy it. imax, we talked about on this program for unusual activity. 12% higher in the last month. 24% in the last quarter. new 52-week high today on double normal volume. i think you take some off but i like both this one and lionsgate going forward. >> next on "fast," jane wells is looking for the next oil boom. jane? >> we're talking oil, black gold. texas tea. except in this case, melissa, it's california tea, which is natural little more complicated and expensive. but it could be huge. after the break. [ male announcer ] ok, here's the way the system works. let's say you pay your guy around 2% to manage your money. that's not much you think. except it's 2% every year. does that make a difference? search "cost of financial advisors" ouch. over time it really adds up. then go to e-trade and find out how much our advice costs. spoiler alert: it's low. really? yes, really. e-trade offers investment advice and guidance from dedicated

shares of herbalife close to up 20% on news carl icahn has taken a 14 million share stake in the company. 12.98%. icahn in the halftime report to him. i'm melissa lee, check out the back story, final trades there. >>> i'm jim cramer and welcome to my world. >> it's a bull market summer. >> "mad money," you can't afford to miss it. i'm trying to save you some money. my job is not just entertain you but i'm trying to coach you and teach you. in recent years, stocks have become more hated, hated than any time i can remember in my entire career. that spans a lot of time. i still believe anyone can turn a profit in the stock market. as long as you're willing to put in the time and the effort to keep track of what you own. i wouldn't come out here every night and try to educate you if i didn't think it was possible but actually feasible for the vast majority of people to succeed at managing their own money. okay. so if that's the case, then why is investing so darn difficult? how come so many people struggle to make money in the stock market? how the heck can i believe it's possible for you to

. >> i was concerned about dealing with carl icahn because unfortunately he does not have a good reputation for being a handshake guy. >> i appreciate, bill, that you called me a great investor. thank you for that. unfortunately, i can't say the same for you. >> number one carl is free to make a tender offer for the company. carl you want to bid for the company go ahead. >> you don't have to tell me what i'm free to do. >> okay. number one. number two obviously we don't think there is going to be a tender offer for the company. we don't think the company is buyable. we don't think any person is going to write a check to buy a business we believe is fraudulent. >> guys, it's obviously a day that guys on the floor, the guys who were here, won't forget any time soon. but it really boils down from this point forward as to what herbalife does, what the herbalife story ends up being. and at least since that appearance last friday one week ago today, if you look at the tale of the tape so to speak since all of that happened, there is a look. i mean herbalife, the stock is down 19% since bill ackma

and, hedge fund manager carl icahn ups his stake in herbalife, calling the vitamin maker a legit business. that and more tonight on "n.b.r." investors spent much of this week focused on the u.s. market with major market indexes hitting five-year highs. but now the spotlight is shifting overseas. g-20 finance ministers and central bankers are meeting in moscow over the weekend. they will be debating the need for austerity, versus the need to spur growth. no one expects a quick turnaround for the european economy, which has been mired in recession. but as erika miller reports, that may make now a good time to invest. >> reporter: it would makes sense that american investors would be loading up on u.s. stocks with the market here doing so well. but they're not. last week, investors in stock mutual funds put virtually all their cash in international markets. more than $3 billion went into funds holding international stocks. by comparison, mutual funds holding u.s. stocks suffered their first outflows of the year. investment advisors say small investors may be on to

as have stock holders like carl icahn, recently on this very show. to defend its model, herbalife is providing additional details like this and also hiring a senior researcher to better understand its network of buyers and get a better sense of what's going on. in the meantime, though, they posted a strong quarter and are forecasting a great year with particular growth in latin america and russia. the company also blasted as untrue and unprecedented the attacks it has weathered and said it's performing exceptionally well and is proud to be doing so in this climate. >> it said they've had short discussions with mr. icahn, nothing concrete. i think the thing that most jumped out at me was this notion of essentially admitting that a large number of their distributors are purchasing the product for no other reason than to try and get the wholesale price for themselves. correct? >> that's right. that's a fact that we have known although i'm not sure we knew the scope of it. >> did you say that was 70% plus? >> 71% buy the products just for themselves, yet

the element they are watching and carl icahn and bill ackman will be watching this one very carefullyight now. they are looking for $1.03 in profits on revenue of $1.05 billion. peter costa. >> yes. >> this market just -- we were just talking to bill nichols as you saw from cantor

. >> we can call carl icahn. >> he is probably not up. >> you have the icahn nailed. >> had it for a little bit. haven't spoken to him a while. >> a lot of other discussion today about kohl's, despite the weak guidance, looking for very little or no growth in the quarter or the year. morgan stanley cutting sak's to underweight, looking the cross creek and volatile macrosetup. >> kohl's, they have tremendous value but did say the last couple of week he is of the quarter were hideous. they fell on their sword. you go to kohl's -- >> as you know i often do. i buy slacks there >> kohl's has great slashing sonoma. get a half a pant for $6. >> i forgot park i buy trouser there not slacks. >> you guys laugh at me. i go to kohl's, i have a good one on route 22 in new jersey, you would be surprised, tremendous, just they don't have the good credited card penetration, jc penney, not very good -- this shut problem with penny's, jc penney has sephora, i don't need to go to sephora, pbh, i can go -- there's nothing-to-distinguishing. if you said to me, jim, where did you get a suit, i said jc pen

. >> well, maybe somewhere carl icahn is smiling right now.ipping higher here, forecast 2013 results above what the street estimates. analysts telling me this company brought in a new ceo last may. the company they say is really changing their ad strategy, effectively getting more transparency. carl icahn, the biggest shareholder on this one. web m.d. up 22% right now. >> all right. josh, thanks so much. carl's been quite active in doing well. >>> after the break, find out why america's biggest lodging in real estate trust is optimistic after three rival ceos. host hotels president and ceo joins us next. >>> plus, from self-driving cars to 3-d glasses, has google replaced apple with the new king of cool. the battle of the tech titans. today is gonna be an important day for us. you ready? we wanna be our brother's keeper. what's number two we wanna do? bring it up to 90 decatherms. how bout ya, joe? let's go ahead and bring it online. attention on site, attention on site. now starting unit nine. some of the world's cleanest gas turbines are now