carl icahn $15.not take carl icahn series on this, he is a smart guy, but he is in for the ride. i think you can discount his bid. trading $14.55, just a slight increment over the 14.25. the question becomes major private equity firm, morgan stanley says they have the financing. it is not a bank. doesn't have capital of jpmorgan, morgan stanley 22% owned a mission bc. this is an agreement between the two firms did in fact the financial crisis where these we helped bail them out in 2008. from what i understand, from morgan stanley, they will put up a lot or part of the financing, probably coming with debt that is cheap right now. they are negative zero over there. liz: the stock 14.55 right now. >> many are surprised there is this much interest. blackstone is interesting. they will make money off of the advisory fees, so take them out of it, but blackstone, i believe is a former partner at lex own that had worked at dell. i think there are some synergies here. there is some connection with dell or sil

we want both sides. >> by the way, if you notice, like, carl icahn, where is he? he's gone.. i give the guy credit just because for a green mailer, he gets basically treated like he's some sort of, you know, a man of great man of finance. he attaches himself on to these dealing and, you know, someone else does the heavy lifting, app he gets a pop out of it. by the way, he's a gazillionaire because of it. liz: i'm gaining twitter followers ahead of you. >> no, you're not. know where i'm at now? 29. liz: i could still beat you. >> you lost ground. you lost ground. liz: okay, guys, serious now. >> you lost ground. liz: let's do a bet. >> it's not -- liz: end of next quarter, if i overtake you, you do one arm pushups, do 51 of them. >> it's not going to happen. liz: will you do that? >> yes, no, i can't, but it's not going to happen. liz: if i lose, i'll do 50 pushups. >> i'm not saying you can't -- liz: can't now, but end of next quarter if i work hard enough. >> you have a greater -- carl icahn has a greater chance of taking over dell than you have overtaking -- liz: benny, re

vex -- >> keith meister who was carl icahn's right-hand man, started his own fund.o was bill ackman's right-hand man. so there are a lot of new guys coming out that aren't as well known. cheryl: we were talking about bill and carl icahn and the herbalife story, and they're pitted squarely against each other. i'm assuming that's something you're going to stay away from. >> yeah, we're going to stay away from that. that really hasn't happened in the seven years that i've been following activist situation, and i'm not sure it's going the happen like this in the next seven years. we respect carl and bill very much, and we would never take a side against either one of those. cheryl: i know you know carl icahn, what makes him tick, do you think? >> he's just investing. he loves what he duds, he love -- does, he loves making money. making money and investing, i think, is really what he's all about. cheryl: making money but also, i mean, he creates a lot of controversy. >> well -- cheryl: there's got to be a piece of him that all -- >> all activists create controversy, and,

and dell responding to news that carl icahn has taken a stake in the company. d yesterday. the pcmaker is now saying that it would welcome icahn to join a go shop process. michael dell's battle to take the company he founded private is getting more interesting by the day. yesterday faber reported that activist investor icahn has built a stake of around 100 million shares in the pcmaker and wants the company to conduct a leveraged recapitalization. faber is with us at the new york stock exchange this morning. david, man, this got even more interesting this morning with this release that dell put out after that news you reported yesterday. >> yeah, well, in fact we also have a letter from carl icahn in which he is detailing, becky, his plans for the company. something we hit on yesterday when we broke the story. that mr. icahn was in the shares and was favoring a leveraged recap. he wants $9 a share to be returned to shareholders, and he actually has a fairly structured deal here that he is at least suggesting. also bringing up the prospect of a proxy fight, askin

how about the pressure carl icahn is putting on transocean. today transocean announced a $2.24 dividend giving a 4.3% yield. i like that, but well below the $4 dividend icahn wants. we're not done with that.

i have to point out that carl icahn has two board seats on herbal life. green mailing him, what he wants to do with the company, is clearly something, from what we understand, is on the minds of herbal life executives. i have to point it out, i'm not calling him a green mailer, but i'm saying that's the bad part of the reputation. remember, he was involved in major takeovers during and some of the lbos during the 1980s, big players, worth probably -- cheryl: still a big player. >> still a big player. when you open -- they needed a white knight, you know, quote-on quote, white knight. he's a conflicted knight when you look at the record. people in herbal life know that. they are worried about it. they are worried about the impression on, you know, they don't want to get the guy mad, which is why they issued the statement to fox business. it's an odd statement. why defend, you know, a guy that gave, you know, is basically helping bail you out amid the attack by bill, but, you know, it's like you protest too much, when you do this, there's a reason. the reas

and speaking of dell and carl icahn what a week it's been for mr. top of joining the dell fight the billionaire investor shah saw his shares in and a ha navi star surge. he also took transocean to task for a dividend that was too little too late and urged the board to approve a $4 payout and yesterday he increased his stake in herbalife to nearly 16%. let's trade some of these names. jock brown. >> i think all of these names are event driven special situations and i think if you're getting involved in these types of thingsed one thing you want to make sure you do is use a stop. personally, out of all the names here, i were probably tell you that transocean looks most interesting. just given the fact that i'm very bullish on oil production, and exploration activities both here in the u.s. and around the world. >> aren't you bullish also on transocean rates because of icahn? i mean he wants to shake things up, right? >> yeah, i mean, look, he can walk away from the two, though so you have to like the underlying name. i think transocean is really inter

there are two new proposals, one yo from blackstone, one from carl icahn.to result in prosecutor proposals. they go on to say, and this is important, the special committees noted michael dell has confirmed his willingness to explore in good faith working with third parties. so the idea here is michael dell could participate in the blackstone carl icahn deal. let's explain what the two deals are. $14.25 a share in chase. if you're a shareholder you could take that money and run. or you could decide i want to participate in this transaction and benefit from the up side or potentially if there's ape down side. you could see what that would mean. how would it stay as a public stub. the transaction that carl icahn has put together is slightly different. he's offering $15 a share. but only willing to buy 58% of the company. it's unclear how much shareholders would get for each of their shares, how many they would be able to sell. in both transactions neither have financing committed. you never know whether a deal like this could ever get done. morgan stanley has

cnbc's david faber reports carl icahn has built a stake of about 100 million shares in dell or about 6% of the company. the move could complicate michael dell's $24 billion buyout deal. icahn reportedly wants dell to issue a special dividend and would likely oppose the buyout. shareholders representing 14% of dell stock have said they'll vote against the deal. dell shares up, adding 1.2% if frankfurt trade this morning. >>> and it's a solid debut from maple tree. greater china commercial trust on the singapore bores. shares climbed 10% as it opened from its issue price. the listing was nearly 30 times oversubscribed, allowing maybel tree to raise over $1 billion. and what's really interesting about this is it raises a couple of issues, one being whether singapore is a more attractive place to go public than hong kong? by the way, mention, speaking of what's happening in london and europe, that its european ipos, which have been among the best performing one these year, that's according to a report from price waterhouse cooper. it expects, by the way, more private equity backflow toes

which traces the simmering grudge match between ackman and fellow hedge fund rivals dan loeb and carl icahnn the left and icahn on the right. how is ackman doing, really? >> depends on what you want it look at. he has a couple investments doing good. general growth properties has been a winner. but isn't it interesting that most people don't focus on those. they always point to the borders. big miss for ackman. they point to the target. >> target. >> even bigger miss or at least on the same level. now you've got jc penney out there, right? ackman made this tremendous long bet, betting not only on the company but on ron johnson and it's gone the other way. right? a lot of problems and sort of hanging out there now is what's going to work out with herbalife. that the one that we're not so sure as to how it's all going to play out. but the strategy that this guy has had throughout the years, it is to kind of stick his neck out. he is a risk taker. he says in the article, trying to lead the pack. a guy always trying to lead the pack. not afraid to take risks. in another article i read, my perso

but the conversations -- the fact that carl icahn is talking to blackstone suggests that carl icahn's bid was never really that much of a bid. he would like to roll in with blackstone. and i would imagine ultimately would probably want to cash out with blackstone. i'm not sure he ever really wanted to hang out for the next five years and see what happened. >> i think he wants to put a multi level distribution system on dell. you pay distributors to buy the dells and no one actually ever uses them. >> why don't they merge dell and herbalife doing. >> he's a gut instinct guy that looks around and says, i can make trouble, get an extra buck or an industrial 50%. >> he was watching us talk about king pharmaceuticals and he was shaving. he decides to do things on a -- motorola, what did he know about cell phones? >> if you have that much money on, you can throw your weight around and is make yourself be heard. >> he was down to hundreds of millions from billions and now he's like ba like 20 billion or something. >> yep. >> amazing. >> and here we are talking about him, very seriously. >> a

carl icahn has become the latest major investor it oppose dell's plan to go private.ctivist billion air who has accumulated a stake in the company wants the pc-maker to pay out a special dividend and keep in mind the stock is trading above that 16 13 65 buyout offer. dell is engaged in an active go shop process for proposals and welcomes icahn's involvement. maria and bill? >> seema, thanks so much. >> you have, my colleague, one of the best noses for news that i know. >> seriously. ahead of the curve on a lot of things, and you have this opinion about activist investors right now. >> i think that that's one of the characteristics of this rally. the activist investor has re-emer re-emerged. look at a handful of companies in the last three months, apple, hess, herbalife, and we've got a situation now where cash is becoming a problem for companies. for two years we've been talking about how corporate america is sitting on $3.6 trillion in cash. all this uncertainty and don't know what they do around the where the regulatory environment is going. the wiggle room is gone.

this is blackstone and carl icahn have sent in deals.bids exceeded the buyout bid from dell and silver lake management. investors might hear tr dell's board on both plans as early as today. michael dell currently owns a 15.6% stake in the company. >>> now, it's within four years and counting sings congress passed a budget. the senate has narrowly passed its first budget proposal over the weekend. $11 trillion in tax increase over the next ten years combined with spending cuts. the tax hikes combined with the cuts will start taking effect at the beginning of the month. >>> and further developments in the jpmorgan london wales case. the u.s. department of justice is in the advanced stages of an investigation into former traders in jp morgan chase's chief investment officers in london. the doj is looking into whether trade is endwaged in criminal misconduct and deliberately mislabeled certain complex missions. >>> and the sales of the latest smartphone for blackberry seems to be a buzzkill. it carried at at&t stores last week and will take

there's the carl icahn pop now. you look at how much money he's made, he's made $2 billion in cbr, about $1 billion in chesapeake, and that's public holding. he's making money. if you're a holder in chesapeake, you're making money with him. he hasn't really blown anything up. >> i remember blockbuster. >> you're a two green pilot -- >> i looked it up because we have young guys here. >> the reed hastings. >> remember that, you're a two-bit pirate and a greenmailer. >> from "wall street"? >> yeah, larry wildman talking to gordon gekko in his house, i think. >> in the hamptons, isn't it? >> yeah. but he was married to shawn young, which, i mean, that didn't work out, i don't think. anyway, i think the reason -- he wouldn't do "forbes." i think he likes "forbes." >> he likes "forbes." he did "fortune" last time. >> he did? >> but we got him this time, with the beard. with the beard. >> in "wall street," they tried to do "forbes" and they didn't. they did "fortune" and bud fox says this is the bible. >> should have done

the call announcing that carl icahn has offered, and blackstone has offered. both offers are better than dell's deal at $13.65 a share. and the shares have traded above that price since dell made his offer. and they were up more than 2.5% today. closing at $14.51. investors seemed to like that founder richard schultz will return as chairman emeritus and add two of his colleagues to the board. the move was seen as positive because schultz won't sell his stake in the company. shares almost 2% higher today. >> apple says it's bought wifi slam. this allows consumers to use hot spots on their phones. this will allow them to find a restaurant in an airport. apple report delay paid $20 million for the company. shares rose almost $2. apollo group which operates the university of phoenix and other for-profit educational institutions, reported a 79% drop due to lower enrollment. the stock was the biggest gainer in the s&p today, up more than 7%. coming up, we'll look at why some college graduates are having trouble with education debt and what some schools are doing abo

or is it derailed by carl icahn? the options are cheap, no way to make money here. >> i like trading august 13 and 15 risk reversals. icahn's involvement obviously would be viewed as a positive for shareholders. if it's going to be a deal, price higher than the one previously negotiated. >> if we do get that expected equity selloff one of these days, where do you see gld and slv moving directionally. >> well, i would say that gold and silver, actually, have been pretty much risk off trades. they've been doing well when the market falls apart. i'm long gold, i think it goes higher, i would use 150 on gld. >> tim, this one's for you. >> let's do it. >> for segue to ask tim a brick play. got an argentinian one? >> yeah, teo, a stock that's had a big run this year. a lot of people have rallied back in. and up 21%, this pays a decent div. where people are still expecting a massive devaluation and there's a question over ownership of assets. >> going to take a break here, but coming up next, we will reveal the winner of tonight's street fight. plus your first move tomorrow

. >> you know, carl icahn has been a busy man.performance of the company, certainly most recently that he's been involved in once he's gotten there, the stock prices have performed quite well. is that something that we generally see that once these big names get in they rable rouse a little bit and try and shake things up, that you do get a better performance in the actual stock prices? >> i think the sign of a good activist is you target the right company. what happens afterwards follows. and i think carl icahn's strength over the years is that he targets companies where stockholders are not very happy with managers. and once you do that, and you rock the boat, good things tend to happen. >> yeah. they certainly seem to for mr. icahn. professor, it's great to have you. >> thank you. >> talk to you soon. >>> you guys want to trade a until provocative comment about tim cook for certain. >> absolutely. so i think the thing with activists here, certain ones like icahn recently he's been dead on. he's been on a hot streak. look at net

tracy: shares of dell in a holding pattern after blackstone and carl icahn through their hats in the the pc maker private. while dell's board members weigh in on all the competing bids, our next guest says it is all about the price. equity manage analyst, it is alt the stock price, right? carl icahn at $15 per share, which many say is a throwaway offer, does not mean a lot at the end of the day. blackstone $14.25, dell 13.65. who is going to budge? >> frankly the math works for dell. the private equity business that is a pretty good return, so we would expect them to bump and for michael it is his legacy, his name on the door, don't think you would want to leave it any other way. tracy: charlie gasparino reported earlier the blackstone deal is management friendly because a former dell employee, executive, is on the deal. so he can get icon and blackstone to come together, does that make the deal little bit better for shareholders? >> i would suspect so. i would imagine they have reached out to folks, all former hp, dell, compaq execs. they're looking a lot of ways to structure this.

. >>> carl icahn has taken 50% stake in the struggling dell. >>> madison avenue appearing to be warmingto the idea of same-sex marriage. like amazon's paperweight pad. >>> the company that managed the skywalk at the grand canyon has filed for bankruptcy. not to worry the skywalk will remain open. >>> taco bell fans, the fast food chain announced that it would release its new cool ranch shells a day early. after making a run to the border, fans locked in to the facebook page complaining that their local restaurants didn't have them. >>> michael vick gets a new dog. >>> the sharks are swarming off of our coast. >>> and blake griffin wows them with a super dunk. >>> you're watching "first look" on abc. try running four.ning a restaurant is hard, fortunately we've got ink. it gives us 5x the rewards on our internet, phone charges and cable, plus at office supply stores. rewards we put right back into our business. this is the only thing we've ever wanted to do and ink helps us do it. make your mark with ink from chase. in the middle of the night it can be frustrating. it's hard to turn off

investor carl icahn is offering $15 a share. he holds a 4.6% stake in the company. private equity fund blackstone group is offering $14.25 a share. michael dell initially offered $13.65 per share to go private. dell closed monday at $14.51 best buy's founder is back on the board. richard schulze will return to best buy as chairman emeritus. schulze says he is coming back to "support the initiatives" of current ceo hubert joly. joly took over last july after schulze left the company. since then, schulze missed a window to purchase best buy, and, under joly's leadership, the company has seen positive results. two silicon valley startups are headed for the big-time. yahoo has just acquired the mobile app "summly," which provides users with summaries of news stories, breaking them down to just 400 words. summly's founder is only 17 years old, and reportedly $30 million richer after selling his tech company. meanwhile, apple has bought wifi-slam. that app markets itself as an "indoor gps." the wall street journal says apple spent about $20 million on the deal. t-mobile i

competeding bids from blackstone group and billionaire carl icahn are being evaluated. if either is chosen, mr. dell could be out of a job. >>> the biggest lottery payout in new jersey history. the one winning ticket to the $338 million powerball jackpot was sold in the garden state. but as of right now, the winner has not yet come forward. >>> up in the sky, it's a bird, it's a plane, no silly, it's good year's newest blimp. look closely. the three new iconic blimps being built in ohio are getting a high-tech makeover including an interior skeleton, three engines instead of two and rotating props will allow it to take off and land like helicopters. it can also hover longer at sporting events. cool. >>> speaking of iconic, this diamond and sapphire ring was presented by napoleon bonaparte to his young fiancee, josephine. at the time it was valued at $20,000. over the weekend that ring sold for a whopping $949,000. >>> london has known theater for hundreds of years. starting with successful william shakespeare. today the most successful have the names of matt stone and t

carl icahn will come out publicly of that deal. ay have amassed as much as $100 million share position. that would equate to roughly 6%, make him one of the largest shareholders here. icahn, i did call him and spoke to him. he would not comment one way or the other on day or any rational he might have for taking that position, but, again, trading sources indicating it could be quite a large one. now, i can tell you as well that sources familiar with the situation indicate or tell me that icahn has actually spoken to advisers to dell's special committee. if you'll recall, that special committee has evercore, the investment bank working for it, as about t pursues a go shop period, looking for any and all that might be interested in topping that 1365 bid out there. they may have had a couple of companies sign confidentiality agreements but nothing dramatic has occurred at that point. they told icahn, hey, you want to get involved. sign a goo goh shop. he said i'd like to see you pursue a leveraged recap and would like you to return $9

i think carl icahn has taken that lead and suggested a leverage recapitalization strategy, which means the company would take on even more debt and pay out a dividend. and while that could be very nourishing for investors in the short term, he's proposing a $9 dividend, it would leave the company saddled with considerably more debt going forward. and a business, i think, was always questioned by investors. certainly, he is bringing more attention to this deal. i think he's capitalizing and following some of the momentum of large shareholders. but i think, again, when push comes to shove, this is an exceptionally large deal for mr. icahn or for anyone else to provide a competing offer to. >> a chance the whole thing collapses? >> i'd say relatively limited. our analysis suggests that almost all of the shareholder base outside of this -- you know, the major holders that i alluded to, has turned over since the deal announced. so the cost basis of most investors is likely in the $13 to $14 range. so to the degree that the offer can be bumped up to $14.50 or maybe $15, my guess is a majorit

pzena also happy to hear that carl icahn is apparently showing interest in the company. as we told you yesterday, icahn reportedly taking up to a 6% stake in dell and a poses the company going private. >>> kate kelly is here with a story and an interesting one with that. >> dan loeb is cooking with gas this year with 6% through february and one of his bigges s wins of late, agreed to be purchased by liberty global in a $16 billion deal. that deal was announced on february 5th sending virgin media shares up 18% on heavy volume. since then, however, virgin has been trading in a tight range. and even if you got in the cheapest point after february 5th, hard to see how you could have made a few more percentage points if you bought it later in the month. declined to comment on the fund's timing why it chose its position, but we knew from the last filing it didn't own virgin media on december 31st. the february letter lists it as one of the fund's biggest winners suggesting strongly that the chief bought shares before february 5th. traders tell me there was buzz about the deal

carl icahn disclosed a sexual stake in dell and said he opposed the deal. steve weiss, the stock is up 1.25% today. >> this is interesting. we're going to get a final look at -- if carl icahn has a look am the books and decides to sell his position after that period expires, you know the jig's up. i think right now you still hold on, as i said on friday. the risk/reward is tolerable at this point. i don't think any other buyers are going to come in. you're playing for dell to increase. at the end of the day, it's a failing pc business. i would not own it from a fundamental standpoint. >> joe, take a look at citi. the shares up .25%. the shares upgraded from a buy to neutral today. >> on the back of it, you get a new fees high. this is a stock that heads towards $50. it's all about a restructuring process that the ceo has laid out plans. citi holding will be wound down much more efficiently and much more faster than the street anticipates. plenty of upside potential still in a name like citi. >> dr. "j," how about best buy? a stock we talk about a lot. getti

even carl icahn thought down at those levels and began accumulating a position, apparently.e at 40, it feels a lot like fair valued around there given that these two titans are fighting over it. so falls $5 i'd be a buyer. rises $5 i'd be a seller. >>> small and midcap companies are performing the market. if you're looking to play catch-up in these names, you're in luck. mark travis runs the capital fund that specializes in finding smaller companies trading on the cheap. welcome to "half," mark. good to see you again. >> thank you, scott. >> the runs have been well documented. we've been talking about the russell and some midcap names that are hitting all-time highs. what makes you think there's much more room to go here? >> well, i don't know, scott. 1% a week is a hard pace to maintain for 52 weeks. >> i know. >> i think -- i think david tepper could probably sell out of his positions and buy an intermediate corporate junk bond and compound out at 20 from here. so, you know, i think for us, being valuation-sensitive investors at intrepid capital funds, it's very hard, i wo

billionaire investor carl icahn has signed a confidentiality agreement. icahn will now have to keep his comments about dell under wraps, after he threatened to challenge the deal. dell is trying to take itself private in a $24.4-billion buyout plan. some investors, including icahn, say that deal undervalues the company. starting today, at&t customers can pre-order the new blackerry z-10. the redesigned smartphone will cost $200 and require a two-year commitment. the phone is considered a "do or die" moment for struggling blackberry. the stock jumped nearly $2 yesterday. for the first time in five years, tiger woods has two wins before the masters. his golf game appears on track, but as our cover story explores, it may be a little too soon for the wave of endoresement deals that left him to come flooding back. tiger woods' victory of the wgc cadillac championship kept woods ranked second in the world behind rory mcilroy. as recently as 2011, woods' ranking had fallen to 58th. he's also climbing the endorsement ladder. > > would you buy something endorsed b

competing bids from blackstone group and billionaire carl icahn are being evaluated.er is chosen, mr. dell could be out of a job. >>> it will be the biggest lottery payout in new jersey history, folks. the one winning ticket to the $338 million powerball jackpot was sold in the garden state. unfortunately i didn't win that. as of now the winner has not come forward yet. >>> up in the sky, it's a bird, it's a plane, no, silly, it's goodyear's newest blimp. can't you see that? they are getting a high tech makeover including a an interior skeleton. three engines instead of two and rotating props will allow it to take off and land like helicopters. it can also hover longer at sporting events. so get your cameras out. >>> speaking of iconic, this diamond and sapphire ring was presented by no pole yon bone part to his young fiancee josephine. at the time it was valued at $20,000 at the time. but over the weekend the ring sold for a whopping $949,000. and, all right, london has known theater for hundreds and hundreds of years starting with the successful william shakespeare.

. >>> an icon to dell, not so fast, financier carl icahn reportedly taking a 6% stake in the computer-maker dell. reports are that he doesn't really love founder michael dell's plan to team with a private equity firm and take the company private. icahn favors a different tact and has a different company, southeastern company management, another big dell shareholder so dell may be in play. dell posted gains for the day. >>> now, despite concerns about what the death of venezuelan president hugo chavez would mean to the energy market, crude oil closed lower, well off the session lows, rising after the federal reserve reported modest economic growth across the country. >>> and that brings us to the third installment of "nbr's" week long series called "in focus, the american recovery" and tonight we look at energy. here's sharon epperson. >> reporter: it was unthinkable a few years ago, but now u.s. energy independence appears to be within reach. the united states is virtually self-sufficient in natural gas supply and currently has the highest rate of growth in oil production in the world, prod

prosecute this i fear them he's afraid of the of the hedge fund he's afraid of car like a lot when if carl icahn were in the same room with eric holder eric holder would crawl under the desk and say please karl don't hurt me. just to charles i don't have any power please don't hurt me isn't this kind of sickening i mean you're you're with the american banker magazine this isn't banking this is tyranny mark there's definitely a double standard you know i think i you know we did a story a few weeks ago after. around the time that holder made that shocking admission if you look at a mom and pop check casher out in l.a. they had the book thrown at her because she failed to file all the correct suspicious activity reports and c.t.r. you know there was a article few months ago when the h.s.b.c. thing came out about how you know as a somali immigrant sends you know not even two thousand dollars back home to to a charity that's on the. you know the terror suspected terror list and she gets the book thrown at her yet h.s.b.c. gets relatively light treatment that is unfair a lot of light treatment for it

carl icahn is in this as well. i'm dubious of icahn's bid is noted greenmailer.long for the ride. put your money in. buy a chunk of stock. you basically profit off the fact that other more serious buyers, i don't think carl icahn is serious buyer of dell, although he has a lot of money, i just don't see it. i don't believe it. but dell's being financed by morgan stanley which is being financed by mitsubishi. their relationship with mitsubishi helped tremendously getting advisory role. in terms of rajaratnam, clearly the younger brother is being indicted. he is pleading not guilty. i note a little bit about this because i'm writing a book about this. one of the interesting fact people forget on this whole story there wouldn't have been a case against galleon and raj rajaratnam and insider trading 11 years, if he din tip off the sec. from what i understand. it will be in the book, book in 2007 the sec, sanjay, one. top investigators there was investigating his firm. began with a cherry-picking investigation. i don't believe sedna ran two or 300 million compared to

and now they're selling off bits and pieces and they're like a leverage buyout like a car carl carl icahn grease exam assume time ok now it's moving to france yes ok the french people are you. get the sense that they are they aware of what's really going on and they're ready to revolt are they kind of sleepwalking into losing their sovereignty as greece has lost its sovereignty there's a part of sleepwalking exactly the same thing as greece because of do mainstream media didn't explain to people with you know where. happening you know it's a line nobody's talking goldman sachs but things are of good to read to because there is new or new week the big companies you know lingo of like hundreds or even thousands and thousands of people it's you know it's nonstop since since may of two thousand and twelve so french people are aware that something is definitive wrong and pollution are lying and this is wanting to tax this pollution he's left wing think about and this is something you know they're never attacked like a left wing socialist you know is this something new here the rouge and stuff

carl icahn and blackstone put two more offers on the table for dell.idwest. and nearly a foot of snow. it's hovering near d.c. and the dow is down and we'll explain in about 90 seconds. all right, back in a moment. (announcer) scottrade knows our clients trade and invest their own way. with scottrade's smart text, i can quickly understand my charts, and spend more time trading. their quick trade bar lets my account follow me online so i can react in real-time. plus, my local scottrade office is there to help. because they know i don't trade like everybody. i trade like me. i'm with scottrade. (announcer) scottrade. voted "best investment services company." ♪ [ male announcer ] every car we build must make adrenaline pump and pulses quicken. ♪ to help you not just stay alive... but feel alive. the c-class is no exception. it's a mercedes-benz, through and through. see your authorized mercedes-benz aler for exceptional offers through mercedes-benz financial services. >> breaking news, why the market turned lower. the dutch financier, heads the finances i