i am going all the way with carl icahn on this vote if it happens.etting ready for all of those major earnings. ebay, ibm, intel, american express. should you be in those stocks? after the earnings announcement. my mantra? always go the extra mile. to treat my low testosterone, i did my research. my doctor and i went with axiron, the only underarm low t treatment. axiron can restore t levels to normal in about 2 weeks in most men. axiron is not for use in women or anyone younger than 18 or men with prostate or breast cancer. women, especially those who are or who may become pregnant and children should avoid contact where axiron is applied as uneected signs of puberty in children or changes in body hair or increased acne in wom may occur. report these symptoms to your doctor. tell your doctor about all medical conditions and meditions. serious side effects could include increased risk of prostate cancer; worsening prostate symptoms; decreased sperm count; ankle, feet or body swelling; enlarg or painful breasts; problems breathing while sleeping; and

carl icahn is reloading. he has $5.25 billion in hand, in financing, to scuttle michael dell's planned leverage buyout of the pc maker. icahn speaks here exclusively next. out there owning it. the ones getting involved and staying engaged. they're not afraid to question the path they're on. because the one question they never want to ask is "how did i end up here?" i started schwab for those people. people who want to take ownership of their investments, like they do in every other aspect of their lives. chalky... not chalky. temporary... 24 hour. lots of tablets... one pill. you decide. prevent acid with prevacid 24hr. vietnam in 1972. [ all ] fort benning, georgia in 1999. [ male announcer ] 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 military members, veterans, and their families is without equal. begin your legacy, get an auto insurance quote. usaa. we know what it means to serve. >>> welcome

should we vote for carl icahn?eems to me that voting for michael dell is definitely the safe play. voting against michael dell's bid, you're assuming that carl icahn's proposal will go through. but it also opens the door that neermg mi neither michael dell's bid goes through and carl icahn can fail, which you're left in limbo, a material downside risk for shareholders. >> explain why some of the largest investors in this country, and some people originally thought carl icahn was in this for a couple of quick bucks, but now you have everybody from t rowe price to black rock, big names out there decided or said publicly they're voting in favor of carl icahn's proposal. >> well, you're basically counting on the fact he can get 50% of shareholder support for his proposal, which is very different than in pairing michael dell from getting 42% support for his bid. effectively carl icahn's financing that he needs, the $5.2 billion to carry out his proposal, is contingent upon electing all 12 nominees to the board. and so i

carl icahn is guaranteeing $14. carl icahn, no offense, but he has probably never used a computer.i cannot see him the guy running the show over at dell. we don't know about the future that company. summarsomebody who drinks proten shakes i don't think you can make a whole business out of it. liz: what is the one you like? >> i like the hallway protein. cap taking away from my story. but the margins are very low. liz: you say wall street firms have too clear some of his trades. >> he is the biggest customer of wall street. it is out there, not pertinent to the average investor. this is kind of an interesting gossip. the street is going through all sorts of withdrawal because as c trades so much they generate tremendous commissions. so they're going through massive sac withdrawals. steve cohen has been indicted. it gets more difficult, so this thing is imploding in size and probably, it is not like a bank that needs funding every day, but probably will not be able to make indicted firms generally cannot make it out there. goldman sachs may have issues dealing with an indicted firm.

it may not because of carl icahn.coming up in a few minutes. >> i like the beard very much. with all eyes on the market and earnings for tomorrow. with 30 seconds on the clock our guests are here to tell you what to watch for. darren, you're number one, up first. >> hey mandy, we're looking at rotation from the different sectors, rotation into financials and out of material stocks and out of utilities. the comments from ben bernanke today as far as pushing out tapering we think is bullish for the market. we think the stock market is going to continue to grand higher during earnings season and we're looking for the 1720 near term. >> wow, you've got 12 seconds left. you would have gotten a pile of stuff in there. david, what about you? can you do it in 20 seconds like darren did? >> i don't know if i can do it in 20 but i'll take his 12. in general tomorrow we have a lot of tech companies reporting. it's going to be important for the tech tape in general and set the tone. we saw tech benefit from secular trends, prolif

. >> carl icahn getting set to speak to the crowd rights here. we'll bring you those comments live from the pierre hotel right after this break. clients are always learning more to make their money do more. (ann) to help me plan my next move, i take scottrade's free, in-branch seminars... plus, their live webinars. i use daily market commentary to improve my strategy. and my local scottrade office guides my learning every step of the way. because they know i don't trade like everybody. i trade like me. i'm with scottrade. (announcer) scottrade... ranked "highest in customer loyalty for brokerage and investment companies." >> we are waiting for carl icahn to take the stage. in the meantime we want to talk about some of these latest moves. the 77-year-old billionaire investor has had quite a year. take a look at one of the holdings yesterday, netflix, another new 52 week high in today's session, one of the many winners he has. >> he has made more money in netflix than he probably made in his first 30 years in his career. the other thing interesting

carl icahn, if there wasn't adjournment, carl icahn would have won.lder vote would have been rejected. they're approximately 100 million shares short. they adjournment because they didn't vote besides appraisal rights, they didn't know they had to shares to vote, whatever the reason was they didn't vote. we'll find out who the winner is probably next week. >> what does michael dell think he can do to dell as a private company that can't be done to dell as a public company? >> bottom line, david? make money, right. >> why can't he do it with a public company? >> because he wants to do some @tansformative things, right? and he -- david: he doesn't think the board would go along with him? >> more importantly shareholders. we are so quarterly focused, you were focused on google and microsoft. those are quarterly result that he and other people are basically giving him the leeway, in this case, silver lake, they want that leverage. even though he hasn't said what he was going to do, all the acquisition he has made, 13 plus billion, that will be the future

he is not an owner of dell, but a good friend of carl icahn. whether if he owned shares he would vote in favor of mr. dell's proposal or mr. icahn's proposal. he chose mr. icahn's proposal. that vote, of course, tomorrow. if the vote happens, we'll see whether that gets pushed off or not given how close things seem to be. bill, back to you. >> by the way, i don't know if you know, we asked pepsi for a comment. they gave us a three-sentence comment, which essentially said, hey, we're doing just fine with our own strategy. essentially, they're saying, we don't want to catch mondelez. >> there you go. he has a meeting with irene rosenfeld in a couple of weeks. we'll see if he catches mondelez. >> we're confident in our ability to deliver. that's from pepsico. andrew, as always, good job. thank you. >> thank you, bill. >>> we're coming back with the closing countdown. >>> and buckle your seats -- buckle your belt -- or something. buckle something. the earnings will be coming fast and feu and furious. ibm, intel, ebay, all set to report. we'll have t

carl icahn who is leading the bid against the deal got the last word right here on cnbc. >> i've never seen one as bad as this. i really mean it. i've never seen anything where they actually go out and they scare their own shareholders. >> and another big name investor causes quite a stir on cnbc's delivering alpha conference. nelson peltz calls for a shake-up in the food industry urging pepsico to merge with mondalese. >>> good morning, welcome to today's show. plenty of news out there today. let me bring you up to speed with some news crossing. ecb is not all purpose weapon for all problems. so suggesting that perhaps the firepower of the ecb can't solve all the ails of the eurozone. there is plenty on the corporate front today. let me tell you what's coming up on today's show. as greece signs off on fresh public sector cuts to meet austerity demand, we'll hear from a german mvp of greek originalen who says the troika should apologize to the great people. he joins us at 10:30 cet. and spain looks to sell up to 3 billion euros in bonds. will investors keep their cool? we'll have the l

carl icahn, michael dell, what do you do with the stock?'s definitely been a roller coaster of a ride this week. three major developments. carl icahn comes through with the financing he need, writes an open letter, $14 bid. then on wednesday, we heard special committee ask dell to raise their price, and today we're hearing that silverlake-dell will not raise their price. i think -- you know, i think carl icahn has the superior bid. a $14 price versus $13.65. if you look at the eps accretion, as he buys back the shares, it's significant. if you value it six times multiple, some of the eps numbers, like 372 to 555, you get 20 to $30. >> would you buy it here? >> i think it's good buy here. i think something will get done. it's possible share holders may vote this down on july 18th. i think carl icahn wants to own this. i think he wants to turn it around. he sees his plan as a better alternative to enhance shareholder value. >> abigail, what's the chart look like to you? >> it suggests fireworks to the upside could be ahead. bullish for shareh

meanwhile, just call carl icahn the $5 billion man. he reportedly secured $5.25 billion in financing for his dell bid. he will be here exclusively to talk about that and what happens next. join us. >> that's an unfolding story. >>> gold bouncing back big today after last week's carnage. meet someone who says gold will actually make you more money than the stock market, between now and the end of the year. does that mean that gold will soar, or that stocks are going to fall? we'll figure that out coming up in a little bit. >>> let's look at where we stand as we approach the final stretch for a monday. the first day of the second half of the year. the first day of the third quarter for the wall street. the dow kicking off the first day in a strong mode, even though we are off the best levels of the session. up, as you can see, 124 points on the dow. nasdaq composite also coming off its lows now, and reaching back up 41 points, 3,444 on the nasdaq. and the s&p 500 with a similar chart pattern, showing gains here, up 14 points. >>> in toda

adam: what does carl icahn see, what value in dell does he see? we saw the pc numbers.is losing market share like the rest of them. liz: servers. service? adam: hewlett-packard, a lot of companies are outperforming dell. you know, he has to see some value there. liz: the stock quite not moving on that news. we'll watch it. >>> china's economy in the spotlight because of slowing growth. what will happen to companies and sectors outside of china? maybe stocks you own if china's growth rate continues to slow and grind down? we'll tell you which names could feel the most pain. do you own them? adam: and chinese technology giant, lenovo, is on a role. they're seizing a huge u.s. rival's crown in a key battleground in the u.s. electronics market. we'll talk to lenovo's north american president. you will only see it right here on fox business. ♪ my mantra? trust your instincts to make the call. to treat my low testosterone, my doctor and i went with axiron, the only underarm low t treatment. axiron can restore t levels to normal in about 2 weeks in most men. axiron is not for

don't forget carl icahn live with me here.r lunch." >>> ben bernanke says quite a bit. markets on the move and full details. cnbc is delivering alpha. jim chanos, leon cooperman, carl icahn to name a few. this hour we have john paulson, legendary investor. it's perhaps the best lineup in financial news history, and it is only here on cnbc. plus, europe versus corporate america. it seems like there's a new case against our companies almost every day. today the europeans are zeroing in on credit -- on american credit cards in particular. tyler is at delivering alpha and

carl icahn and mark.arl icahn has been buying navistar and he owns about 16%, our clients own about 9.5%. and that stock's around $33. class-a big trucks. and five years from now, four years from now, maria, they'll earn about $6 and he'll find a way to harvest that. >> you didn't buy it because he did. >> no. we've been in it for a while. >> yeah. >> in it about 19 -- you know, a long time. and another one is federal mogul where he owns 81%, and the stock is 14. next year, fdml, they'll earn $2.40. so the stock's going straight up over time. and they will split up the company, have aftermarket oe, so carl is very good. >> we're back in the period of activist investor and carl is a prime example. bill ackman, everybody, is that a good thing? are they stirring up the right kind of dust? >> well, you go back to the '60s when i first came down to this place, what you had was bootstrap financing, someone who would look at the sum of the parts, figure out how to break it out, and in quotes the corporate raider

. >> and how about the election, the last-hour election of delivering alpha of carl icahn? isn't that last minute? >> yes, you are trying to influence whatever you k and remember, it is not about the people buying the stock, because june 3rd is the record date and you have to have owned it by then and it is about what you are going to do, and the game of chicken being played in terms of will michael dell along with silver lake, but they are not likely to increase, so he would have to do it himself and perhaps access less if they were to go up, and will they do so? we will see. as of yesterday, as we headed into the end of the day, it did appear likely that the meeting would be adjourned but black rock having changed and vanguard and state street as well having changed to yeses, but again, i want to caution you. that can change as well. i'm being told by sources that it is all in flux. we will see whether we get an adjournment or not. >> and okay. people who are saying that they know are wrong. >> you can't know, because -- >> huh? >> this is not like the returns are coming

then, carl icahn reports why he's not selling a single share of netflix. but is it just a house of cards? [ indistinct shouting ] ♪ [ indistinct shouting ] [ male announcer ] time and sales data. split-second stats. [ indistinct shouting ] ♪ it's so close to the options floor... [ indistinct shouting, bell dinging ] ...you'll bust your brain box. ♪ all on thinkorswim from td ameritrade. ♪ [ 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. >>> it has been a tough year for apple. but since last earnings, it's been a pretty decent run for america's favorite tech stock as its rallied 8% in the last three months. >> you can actually look at some of the volatility going on there. the implied volatility. as we talked about before, let's look at an example of s and p and the vicks. you see this negative correlation. whe

don't forget carl icahn live with me here. right now "power lunch." >>> ben bernanke says quite a bit. markets on the move and full details. cnbc is delivering alpha. jim chanos, leon cooperman, carl icahn to name a few. this hour we have john paulson, legendary investor. it's perhaps the best lineup in financial news history, and it is only here on cnbc. plus, europe versus corporate america. it seems like there's a new case against our companies almost every day. today the europeans are zeroing in on credit -- on american credit cards in particular. tyler is at delivering alpha and he's going to join us in just a second. simon is at the ny sze, but we begin with the man that wall street and investors all over the world were waiting to hear from. ben bernanke testifying before the house committee on financial services. the ten-year reacted this morning to that. right now it is down below the 2.5% mark. we're at 2.493%. that's significant. we've not seen that in some time. senior economics reporter steve liesman joins me with

they're generating very attractive returns be it netflix, be it herbalife, and carl icahn has been very verbal about the returns he's seeing. there are a lot of people who can say something, and the stock moves." that was morningstar's carr lanphier. if carl ichan wins control of the computer company, it's seen as a setback to micheal dell, who started up the company in his college dorm room. president obama is defending healthcare reform. at a news conference yesterday, the president pointed to a dramatic drop in healthcare costs in states such as california, oregon and washington, where he says the new law is already working. october 1st, all americans will be able to go online and compare prices for medical insurance plans. the president says healthy competiton will continue to drive down rates for consumers. "despite all the evidence that the law is working the way it was supposed to for middle- class americans, republicans in the house of representatives voted - for nearly the 40th time - (laughter) - to dismantle it." republicans contend individuals should get an extra year to pre

and a moment of truth in the dramatic shutdown between michael dell and carl icahn as the clock counted bitter fight over the pc maker's future. we will bring you the very latest on what shareholders who have so far been undecided are really thinking. ♪ ♪ she's still the one for you - you know it even after all these years. but your erectile dysfunction - you know,that could be a question of blood flow. cialis tadalafil for daily use helps you be ready anytime the moment's right. you can be more confident in your ability to be ready. and the same cialis is the only daily ed tablet approved to treat ed and symptoms of bph, like needingo go frequently or urgently. tell your doctor about all your medical conditions and medications, and ask if your heart is healthy enough for sexual activity. do not take cialis if you take nitrates for chest pain, as this may cause an unsafe drop in blood pressure. do not drink alcohol in excess with cialis. side effects may inclu headache, upset stomach, delayed backache or muscle ache. to avoid long-term injury, seek immediate medical help for an erection

this, this is a negative for carl icahn.he billionaire financeer who is working with southeastern. they believe, carl icahn and company they believe they are very confident that many of dell's significant shareholders share the carl icahn part of it. ashley: he would say that, wouldn't he? liz: yeah. but he doesn't just mouth off. ashley: no, no. obviously has some, some, you know, weight behind him let's put it that way but interesting development as you saw dell moving slightly lower was it in after-hours. liz: barely in the after market session. it moved up 3% during the session. keep in mind, the major vote is coming up in about two weeks. ashley: that's right. chaos in cairo we know is casting a dark cloud over the egypt's economic outlook so can the companies bounce back. a billionaire in egypt founder of the egyptian opposition party will join us next. liz: we have new insights you can't afford to miss today. we talk to a airline analyst about stocks set to take off and some that could be in for a bit of difficulty. ♪

the ex-former right-hand man of carl icahn. lot of these guys have gone activists before. >> does this change the landscape in terms of putting at&t over advantage of verizon. we're not seeing movement in the after hours session on the back of this deal. but these two stocks of course major dividend yield plays happen for this year but also historical valuations compared to themselves and their own industry. >> i mean, i think it certainly puts pressure on verizon to make some kind of a move so that trading wise, where do you look for this? certainly sprint on the screen right now, u.s. cellular those are the names you want to look at. but tim brought up an excellent point here but there are only a few players in this field. if you start to get this consolidation, verizon does have to make a move quickly. they have a competition issue and we'll see, you know maybe there will be some problems with this getting through for at&t. >> okay. we will keep our eyes on this for the rest of the after hours session here. we want to first

it is a long letter criticizing carl icahn.elieve that a sale at a premium remains a superior option to a leverage recapitalizati recapitalization. in other words, the offer continues to be one they support. dell's special meeting will be held on thursday, july 18th at 8:00 a.m., central daylight time. this headline from reuters that they will not raise the bid to dell. tomorrow carl icahn will be speaking to scott wapner at the conference. tune in for that. melissa back to you. >> let's check on stocks moving in the after hours session. the ft is reporting that the ec is proposing a draft plan ceiling on consumer debit. that cap could be as much as 0.2%. we are seeing this stocks move in the after hours session. american express is down by two percent. look at the move in master card as well as visa. these are all feeling the impact of this story that was released in the after hours session. guy? >> it's clearly been names that we've liked, specifically master card and visa. we've seen headlines like this before. i can't speak

or will he see carl icahn's offer in front of shareholders at the annual meeting.question. back to you guys. >> thank you so much. we are in the final stretch of trading. about 5 minutes before closing. a market higher off of the best levels. gain of the dow by 75 point. we have been up 118 earlier but we are about 5 minutes from the closing with bell. >> and by $15 million is nothing. should be a quiet close here. is the rally back on track or is another pull back on the way? what happened to the correction talk. we will get dennis gartman's take on this, coming up next. in today's markets, a lot can happen in a second. with fidelity's guaranteed one-second trade execution, we route your order to up to 75 market centers to look for the best possible price -- maybe even better than you expected. it's all part of our goal to execute your trade in one second. i'm derrick chan of fidelity investments. our one-second trade execution is one more innovative reason serious investors are choosing fidelity. now get 200 free trades when you open an account. ♪ that's me... i

what did carl icahn say? let's fit him into this square? >> yeah, larry, i can't repeat everything he said because as usual mr. icahn used some colorful language, but he talked a lot about his bid to buy dell, and then he discussed how he picks the companies he wants to go after. >> i know it sounds a little silly, but you almost look at companies that are badly managed. somebody should meet these guys somewhere who run the company and i want to go after that company. >> all right. let's go back to our panel and get some commentary. art hogan, buying dupont. was that a surprise to you? nelson peltz buying dupont? >> you know, that story has been around for a little bit and, you know, it's, you know, this was sort of a revelation to anybody it shouldn't be. it's one of those things that we've speculated on, but the -- the valuation or the point at which he's making this decision is important. it's a turning point. the stock -- for a certain period of time left it for dead and i want to shift, there's one to shift into, and if you can make cha

carl icahn smelling blood, he's refusing to back down. who else is siding with him now?flix scores huge with "house of cards" snagging nine emmy nominations. netflix stock has been skyrocketing, up more than 229% over just the last year. has netflix reached its peak, or is this just the beginning of its blockbuster story? "countdown to the closing bell" starts right now. ♪ ♪ liz: okay, dollar sign, dollar sign. my mother's going to call in and yell at me for that. i think it's clever. hi, everybody, i'm liz claman. it is the last hour of trading, and today it may be less about fed chief ben bernanke and more about jobless

find out why carl icahn didn't sell his stake in netflix. ars. i use daily market commentary to improve my strategy. and my local scottrade office guides my learning every step of the way. because they know i don't trade like everybody. i trade like me. i'm with scottrade. (announcer) scottrade... ranked "highest in customer loyalty for brokerage and investment companies." >>> welcome back. mentioned just a moment ago that financial it's are topping the tape today. morgan stanley is hitting a new 52-week high on an earnings beat. if you tuned in on monday around listened to an lirs mike mayo, you would have known they were coming. >> they will be on the cover of every business magazine in a year or two. we're getting ahead of that curve because you're going to see explosive growth out of wealth management at morgan stanley. it will be half the company. >> the fact of the matter is we could have played a mayo sound bite from an interview the last time he was on the half several months ago where he was ahead of being -- >> morgan stanley has been h

george soros entered into carl icahn and bill ackman's fight. soros is making a huge bet on this one. we have that story up is next on "kudlow." in a world that's changing faster than ever, 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. so if you're ready to see opportunities and see them through, we say: let's get to work. because the future belongs to those who challenge the present. >>> i appreciate, bill, that you called me a great investor. i thank you for that. unfortunately, i can't say the same for you. >> icahn never one to shy away there from a good fight. the stock of herbalife has rocketed higher. now up nearly 100% so far this year, larry. >> up 100%. >> 100%. so what's interesting about this is a couple things. one, you had actually carl icahn, i'll put it to you this way, telling our own scott wapner at our delivering alpha conference re

dennis: i certainly trust michael del to turn around the company than carl icahn.s to smart phones. why does michael del need 32% voter approval? >> he has 16% equity share and he is not going to be partaking in the buyout vote, he can't vote for himself so the remaining 84% is what you need a majority from that coming out to 42% approval michael del needs. if you don't vote that is a vote again so he needs 40% approval. dennis: if you don't vote is a vote against. that will kill him because no one will vote in these things, they vote by buying or selling shares. why isn't he voting his own shares? is it regulatory not allowed? if you own a 16% stake in your company you want to be allowed to vote those shares anyway you want. >> he has recused himself. dennis: he has recused himself. that is a problem. we have other companies, google, the top three guys, and cablevision, but this guy has to take his own 16% stake off of the table. so sorry to hear that. tries to do a good thing but it backfires. >> that is one of the things that is a risk to carl icahn because it i

. >>> memo to michael dell and carl icahn. just walk away from dell. all will be forgiven.rd yesterday from all the tech companies i follow. dell's perhaps less than $9 a share. to the reality of this company and industry started out. first of all, if you listen to the conference call of intel, microsoft, you know that personal computers in a horrendous secular decline, meaning doesn't seem to be able to stop its decline. sure, some of it is being replaced by tablets and some by -- no chips so exciting to mean anything to most users. sure, the chips could keep getting smaller and smaller, but unless you work at nasa and want to put a man on the moon, you don't need that power. yes, intel says when it gets the in chip, maybe it will be a bump in the business, but it's more likely -- will come up with some cheaper devices and cut dell's profit margins to shreds. dell's selling big, color sets. the ones they can't even give away at best buy, except when you get your kids to college and they insist on the tv. that is if they even bother to hook one up. apple is the equivalent t

but, the -- adam: herbalife getting a carl icahn boost? nitely, i really don't want to talk about anthony weiner. there is enough in the post. but is it because of carl icahn we see the price going up? >> we are. ackman has failed to deliver so far. adam: the price has doubled. they were down at one point below 30 buck as share. >> the earnings are pretty good. at some point i think he has lost $300 million on this short so far apparently. remember he was even at some point. now he is really in the red. at some point he will have to pack it in because this will, really hurt performance this year. he says he is in it for the long haul. next thing we hear he covered his short. a lot of rumors on twitter that he has. obviously i don't think he has yet but, you know he has come out publicly saying still short significant shares, 20 million or something like that. >> a lot of money. >> something doesn't happen soon, i think he has maybe one quarter my view, i think he will have to cover. he has been known to stay it in a while, right? adam: yeah

be bill ackman or carl icahn? >> bill ackman, because you have more ammunition in terms of being able to effectively fight off ackman at this point. you have questions about his decision making or track record and carl icahn at 77, top of the game. never been tougher. nef been richer. never been more willing to say,say, i will throw another $1 billion in the pie. we have more dell news, so i want to hear from him rather than ackman. >> and what about -- >> that is good stuff. and soon to come, he will drive the most popular vehicle in america with natural gas, and we will tell you about the new option that ford is offering. >>> and the movie of spike lee and the kick starter campaign to raise money for the next film is raising con trtroversy, becausey is someone of his stature going to startup funding? >> and we go the comcast and soda stream and so many more when "squawk on the street" continues. >>> i want to know, are you long neshg america? >> we at ford in the united states are competing with the best compani

that may be the best outcome either michael dell or carl icahn at this point has to hope for.ith cramer. >>> snap chatting next week's show. there's always a bull market somewhere. promise to find it just for you. i will see you monday! are you working hard for your money, but your money isn't working hard for you? what you need to know. also, a "suze follow up." >> i was pretty honest with them -- brutally honest of, you know, our situation, which is bad. >> when they say, "the truth will set you free," it most certainly will. and you ask me, "can i afford it?" >> i want to buy a custom-built in-ground swimming pool with the fence, the landscaping, the heater, the cover, the deep end, the diving board, a lap lane -- everything. >> how long do you think it will take your daughter to fill up that big pool with that hose of hers? >> years. >> years. >> she'll be in college.

remember, carl icahn will be talking to our own scott wapner. that's later today. stay tune. mandy, back to you. >> indeed, some very big names making very big waves there. let's get back to one of those big names. john paulson is still speaking at cnbc's delivering alpha conference. let's have a listen. >> one is trying to anticipate which of the announced deals could get a competitive bid because then if you get a competitive bid you can make, you know, a very, very high return, and secondly in trying to anticipate consolidation trends within an industry and then to acquire a stake in a likely takeover target before an announcement is made. we've had several successes. the biggest one was sprint. they unusually announced a deal to sell 70% of strength to softbank but we thought the price was undervalued perhaps because it didn't have a full takeover control so it didn't have a full takeover people why you. we thought given all the activity in the wireless base there could be another bidder. we took a substantial stake and bought 230 million shares and prior to the announcem

carl icahn responding to mike he call dell and silver lake partners increased bid for dell.apiro at the company's headquarters in round rock, texas. adam. >> they say michael dell's silver lake cross the rubicon that taking a way one thing in the merger that provided the a voice in the company. caesar croused the rubicon. michael dell and silver lake want change. they want to change the guidelines for voting. they are willing to offer up to $13.57 a share, if, and only if, the special committee is willing to discard the roughly 27% of unaffiliated shareholders who have not cast their vote. right now the uncast votes are considered no votes. in order to raise their bid to 13.75, michael dell and silver lake are saying you have to change the guideline rules which would essentially make it easier for their buyout to succeed. according to the special committee they want $14 a share to change the rules. silver lake, michael dell, sources close saying they're not going above $13.75 a share. who might be smiling at all of this? michael -- carl icahn who actually issued a statement

glnchts carl icahn is accusing dell's special board committee of using square tactics to push founder in a letter to investors on friday icahn says to us it seems that no one has less confidence in dell than dell itself. icahn was responding to comments from the company that hp's performance is superior to dell's and trends in the pc business could hurt dell's planned transformation into a profitable i.t. provider. >>> plus thompson riters will no longer give an elite group of investors an early peek at the university of michigan's consumer senment survey after new york regulators began investigating the arrangement. the company has been giving top paid subscribers a two second advance notice on the survey. a deal reported by "the wall street journal" last month. analysis of trading on the data show 7 million shares bet on the market dropping within a second of thompson reuters releasing the report. just down marginally. >>> the u.s. government is being hit with a new lawsuit over the bailout of fannie may and freddie mac. good morning, courtney. >> good morning, ross. a hedge fund is

. >>> and billionaire investor carl icahn may end up telling hedge fund rival bill ackman "i told you so" over ackman's short on herbalife stock. surging about 100% this year. the nutrition company is expected to post results any minute now. we'll break those down as soon as we have this, they hit the street. golden opportunity sales event and experience the connectivity of the available lexus enform, including the es and rx. ♪ this is the pursuit of perfection. [ male announcer ] come to the lexus golden opportunity sales event and choose from one of five lexus hybrids that's right for you, including the lexus es and ct hybrids. ♪ this is the pursuit of perfection. ♪ >>> all right. herbalife is out with its results. the stock's moving. josh lipton is watching. josh? >> reporter: yeah, scott, let me get you those results. it is a beat on the bottom and the top. you saw adjusted 1.41 on revenue of 1.22 billion. remember, the street was looking here for 1.18 on 1.16 billion. in terms of q3 guidance, that's actually light. 1.09 to 1.13. the street was looking for 1.16. also, full-year gu

michael dell, carl icahn forcibly opposed to it.great the day before that scott is going to be talking and i'm sure carl giving us his views on the entire deal. >> delivering alpha. for the novice viewer who doesn't know what that means, that means delivering returns above the average, right? >> right. and these are some of -- what's remarkable is, some of the people you're going to see tomorrow, i think of a guy like pelt which is so great because a lot of these don't -- a lot of these men and women don't give a lot of interviews. this is your chance to hear from people not always out and about with the media. and giving you their best picks -- >> managing the harvard endowment, which is the biggest in the world, she rarely gives interviews, as well. she can have such a long-term interview because she doesn't have to worry about redemptions. her investors will never take away her money. they may take her away, but the money will always be there is so she has a really long-term view. >> really. i'm excited to see how the markets may

yesterday, billionaire investor carl icahn reiterated his stance that michael dell's offer undervalues the company. meanwhile, bloomberg reports dell's pr director has left the company to pursue "another exciting opportunity." our cover story today explores the first steps toward a lawsuit against boeing, the manufacturer of the the asiana 777 that crashed in san francisco a week-and-a-half ago. reportedly, passengers describe emergency equipment that may have malfunctioned. passengers aboard asiana flight 214 that crashed in san francisco, killing three people and injuring 180 others, describe seats that tore loose, collapsing onto passengers, and two evacuation slides that depolyed inside the aircraft, pinning two fight attendants underneath. "most of them had fractures and spinal cord injuries." in chicago, kelly's law firm filed a petition for discovery meant to preserve evidence on behalf of 83 passengers, who in part blame boeing for their injuries. in addition, kelly contends a "mechanical malfunction of the auto-throttle" may have to contributed to the crash. "if the instrument

carl icahn could come in and start buying and so could michael dell.ions here. don't have the time to go over all of them, but it is an interesting week, and we are starting to e sea the serious weakness there. >> and think have a business to run day to day, and the global vice president telling the "guardian" that they are considering getting into the wearable computing which is all of the rage these days. >> apparently talking about it is all of the rage, but the focus is on the continued decline of the old pc business at dell and just how bad things are there. >> and yet carl icahn saying that the pcs are not leaving the office space any time soon, so he has made it clear how he sees the value. >> yes, the balance sheet, and putting the numbers together, but he believes to run the company, and have a company that is not going the go bankrupt, and still generate the significant earn inings from th holdings and the enterprise and the many acquisition that it has done there and to that point that pcs are not going away. >> interesting. obviously, we me

the plot thickens: the ball is now in billionaire investor carl icahn's court to take over dell. ceo michael dell has offered shareholders a final offer of $13.75 per share to take the company private, up from his original bid of $13.65. icahn believes that bid still undervalues the computer company. his counter-offer could reach $18 a share. a shareholder vote is re-scheduled for next friday. investors clearly believe the plan to merge apparel company maidenform with hanesbrands is a good fit. hanes shares rallied more than 8% yesterday. hanes will pay $575 million for maidenform, or $23.50 per share, sending maidenform stock racing up more than 22%. the deal is likely to be done in the 4th quarter. and here's one for gadget fans: google just unveiled its new nexus 7 tablet. the sleeker, higher-resolution tablet is less pricey than apple's ipad. tech analyst rob enderle says depending on when google's competitors release new products, google could have an edge in the marketplace. "long-term, it should give them more ad revenue, unless the other products that come later in the ye

in an open letter to dell's special committee, billionaire investors carl icahn and southwestern asset management are demanding changes to the voting method for "unaffliated stockholder approval." founder michael dell wants an amendment that only counts votes with a firm yes or no. unaffiliateds could count as abstentions against the proposal. michael dell is offering $13.75 per share. ichan's deal is up to $18 per share. boeing is calling on airlines worldwide to inspect emergency locator beacons on all of its jets. the locators are built by honeywell and are under scrutiny after a fire broke out on a parked 787 dreamliner july 12th in london. there are up to 1200 jets that need to be checked. the information will be turned over to the faa. airbus is investigating the beacons but is not requesting a fleet-wide inspection. just in time for the rebound in business travel, entrepreneurs have launched a new website called "rocketmiles." our cover story takes a look at how it brings more smiles per frequent flier mile. rocketmiles is a hotel-booking website, but for its customers, the draw

and carl icahn may get the last word before the dell shareholder vote.the fast money crew today 5:00 p.m. eastern from the dri delivering alpha conference. back to you. >> thank you very much for that. >>> on to some of the other stories we're tracking for you. 7.5% growth is good enough, it seems, for most foreign investors, talking about china here. in june, they put 20% more money into the mainland than a year ago, that's the fastest pickup in more than two years and shows investors were still optimistic about china's potential. first half data shows steady gains in fdi from the u.s., japan and europe. >>> china's top state newspaper wants a crackdown on bribery by global firms. the people's daily says multinationals are exploiting a lack of oversite and beijing must do more to keep competition fair. the editorial comes days after chinese detained four glaxosmithkline executives for allegedly bribing doctors to boost drug sales. and a new media report citing a hong kong lawyer says china's expanding the probe to at least four global firms. today's swi

but then you take a look at companies like lion's gate, lion's gate says the days when carl icahn wastle, these guys have really done a phenomenal job and the stock's up about 100% over the course of a year. i think what you have to keep your eye on is not just the fact that, you know, there have been some duds at the box office, but, of course, we're getting to about the midpoint of the summer here and some of the valuations of these stocks are also looking a little bit steep. at about 14 times ebitda per lion's gate financial, that's above their average, above the industry's average. dreamworks may be stretched even a little bit more at about 20 times, and 20 time earnings. and what is the hope here? obviously, the hope, when you're lacking at these companies is that the movies are going to keep dragging. and i don't see that happen. >> for lion's gate specifically, 52-week high in today's session. the hope here that in november when the next installment of "hunger games" comes out, the stock will run up into that release. or continue its run. >> absolutely. and it has had a tremend

. >> i think what's driving the stock right now is i have bill uekman and carl icahn after school. that is what's really leading the stock around. it's really adult swim, you have to be careful. you have to define your risk. buying this calendar does that, but i'm not certain the stock is going to do well. i think it's heavier than most people think it is. >> it is amazing, because if these two were not in the stock, we probably would not be talking about it tonight. have you ever traded the stock prior? >> believe it or not, yes. several times, actually, in the past. one of the reasons that we did that was exactly the fundamentals we're talking about. the controversy that ackman has brought up has lingered, as it has with many multi-level marketing oh,s. that headwind has made it look very cheesm i thiap. that's the reason that we were buyers of the stock. it just looked cheap. we had to way the question about whether or not it really was a scheme and we got out with some profits. we're happy about that. >> earnings on herbalife out on monday. >>> got a question out there? send us

carl icahn, genius, but business is bad. >> interesting. how about tonight?ht. >> i have paychecks tonight which is, you know, going to talk about the problem with the job creation, and then brian france, because nascar is clearly back. more promos, and more diverse group of people. i want to talk about whether the tesla should be in nascar. >> some of the hot cars outside of the headquarters in engle cliffs. and which ones are going to t drive? >> well sh, i had one that i we 240 miles per hour, and that is because i was not driving, another person was. >> and straight ahead, we will get the sales number from jim, and talk to the vp of sales in a moment. geico's defensive driver,ke 13. good student and multi-policy discounts could save you hundreds of dollus. engineer: uh geico's discounts could save you hundreds of "doll-ars." it sounds like you're saying "dollus." dollus. engineeif you could accentuate the "r" sound of "dollars." are...are... are... engineer: are... arrrrrr. arrrrr. someone bring me an eye patch, i feel like a bloomin' pirate. geico. fifte

comments from investor carl icahn late yesterday suggests a new offer for dell could be on the way thismittee rebuffed icahn's suggestion, they seek outside appraisal of the company's value. meantime, a 1.8 billion dollar takeover in the semi conductor industry. chick designer spreadtrum communications to be bought by china for $31 bucks per share by tsinghua. >> it was under the radar on street talk. spreadtrum? ever heard about that now everybody will be hearing about that. >> we are wrong 100% of the time t. dow an s&p closing at sex highs, all time highs, all 30 dow components closed in the green. u.s. equity futures this hour indicating maybe a slightly higher open. a little bit higher on fear of value. if you are listening on the radio, we are up one point imd implied to the s&pment still better gren tan red i suppose. let's take a look at what happened overnight in asia. that was a mixed market t. only mark up there was the nikkei 225, up about one-quarter of 1%. still tradeing in europe on a friday the footsy. >> bryant, i finally kaumd down from last time. >> it's working you u

carl icahn firing off another criticism at dell.dell for changing the voting rules involving dell and silver lake partners. they say any vote not cast counts as a vote against dell. yeah, dell and silver lake want to change that provision. >> fears of a bubble in china are growing. here is jim chan os earlier this month at cnbc's delivering alpha conference. >> the marks have done nothing but go up globally in four years. with one exception, basically, china. and the credit cycle that we saw, which we thought would happen first if real estate has not happened. real estate has held up, which is the interesting thing about china. i think it's the next shoe to drop. >> joining us now from san francisco is patrick wolff, founding manager of grand marshall capital. the fund was up 43% in june. she former manager and grand master of chess. once you are a grand master, patrick, have you that for life? >> that's right. it doesn't matter how bad your game gets afterwards. >> did you ever play road golf? >> actually, we played ten, yefl years