for carl icahn, he's been one of the best performers. one tweet he sent this afternoon, apple shares soared up about 5%. so if icahn bought $1 billion worth of apple, that was a $50 million tweet. is that right or fair? that's the big question that a lot of people are asking, certainly not apple shareholders, but something to debate. with us is activist investor greg taxen of the clinton group. greg, you're an activist investor, but you don't agree with the very active, vocal, media-friendly style of bill ackman and others. should these investors be so vocal and pushing so hard in industries that some people could argue are not maybe their wheelhouses? >> well, i'm not sure i would actually characterize my view that way. i think carl icahn has certainly been an effective activist. been great for shareholders in almost all of the companies he's been involved with, as has a lot of other activists. i think people use different styles and approaches, and ones that best suit their -- their own personality and mentality and those of their inves

we've got those two tweets from carl icahn.istening for a statement directly from apple if there is one. it's an interesting interplay between one of the most valuable companies in the world and the most visible investor and certainly one of the most successful. >> john, i'm also getting. this is breaking news. we do have a statement from apple and that is for those viewing here, tim cook, the ceo of apple did have a very positive conversation with mr. icahn today and he said they plan to speak again shortly so we'll wait and see what they all have to say. >> thanks, jon. >> there has actually been a real strong rally in european markets. new 52-week highs today for spain, netherlands, france, and romania. ireland is the best performing european market year to date so the question is has europe finally turned the corner, and is now the time to put the money back into europe? joining us now is the five-sta star monday manager from franklin adviser. philippe, great to have you with us today. >> thank. >> you people have been focu

carl icahn takes a break from his battle with michael dell to focus on yet another tech company. d its second best day of the year, up 5% after icahn tweeted tuesday afternoon he's bought a sizable stake in the iphonemaker. and he also had a friendly chat with ceo tim cook about increasing stock buybacks. is following a big activist investor like carl icahn a smart investment strategy? if you want to join the conversation here on "worldwide exchange," get in touch with us by e-mail at worldwide@cnbc.com. via twitter @cnbcwex, or direct to me, @carolincnbc. [ 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 the point of talking if you don't have something important to say? ♪ and experience the connectivity of the available lexus enform, including the es and rx. ♪ this is the pursuit of perfection. >>> welcome back to the show. these are your headlines. the eur

here we go, carl icahn in a billion dollar stake.is not a word you usually associate with carl icahn one way or the other. >>> all right. american airlines is trying to work its way through bankruptcy. it took a huge hit today. it was a pink slip stock but down 45% as news hit of the justice department's attempt to block the proposed merger with us air. us air stock was down as well as all the airlines. so why is the merger being stopped and how will it impact the u.s. airline industry? so far it hasn't impacted its well. one of the attorneys general associated with lawsuit, air tone attorney general, tom horn. general torn, when you look at what happened to airline stocks are you concerned you're going in a direction that would be very bad for an entire industry? >> no. this merger would reduce the number of major carriers from five to four. those carriers would carry 80% of the traffic. that is pretty classic oligopoly where prices will be higher for consumers. part of our jobs as attorneys general to administer antitrust laws and

a interview with carl icahn comes up on a business "after the bell." liz: yes, david, in the world of activist investing, we should call it agitator investing there is perhaps no bigger name than billionaire carl icahn. investors everywhere want to here what he has to say. we'll be exclusively speaking to carl icahn in just a few moments from everything from his battle royale with his future with dell and the battle to defeat michael dell's buyout plan is. we'll drill down on his epic clash of titans with hedge fund heavy weight bill ackman over herbalife and what his exit strategy when it comes to hlf really is? what does he want to do with either of these companies? this is important, david. it is coming up in a few minutes. it is exclusive. you won't want to miss it. it will be the first time since he bought another four million shares of dell. david: a lot of his companies are performing for double digits percentage wise. we have breaking news. let's go to ashley webster. it concerns jcpenney which took it on the chin. came back a little bit. what

increase the share buyback, and he's done what he thought was enough for shareholders, but now has carl icahne phone. what do you make of this whole thing here? >> certainly, when carl has been successful in working with technology companies in the past, we have to look at his involvement with dell, but apart from motorola, you have to see what he did in terms of value stimulation at yahoo!. when we're looking at apple now, the company is setting up to have a release of the new iphone 5s going into the year-end holiday shopping season, the initial feedback is positive on it. the company will continue to generate cash. fine, they've already committed to return $50 billion and have borrowed money to do that over the next five years. but certainly when icahn comes on the scene, it certainly raises the issue again as to whether apple's actually using their capital efficiently. and granted, you know, icahn's billion-dollar position is a far cry -- $24 billion away from being a 5% stake in apple -- but one might argue when carl icahn shows up, investors listen. >> chris, do you think that apple has

carl icahn's is in. kayla. >> that's right, melissa. ng calls and we'll bring those to you in just a minute, but icahn showing interesting build-up, especially in dell. the build up to that dell vote now, the vote's going to be in september. he went from 7 million shares to 17 150. ahead of the vote, but that's a pretty big increase. he also increased his stake in nuance communication, new technology behind siri up to 32 million shares. that's a big increase. you dpis have been talking about this, the holds at the end of the second quarter don't show apple. take a look at the apple chart. it bottomed at the end of june so that's pretty precarious time lg ing in terms of what carl icahn has been doing. it's hitting the bottom and has been up large since then. so no apple holdings for carl icahn, but a giant jump in dell. he also liquidated his position in electricity and he was adding slowly to a position in cdr energy, where he is in a contested situation there, melissa. >> thank you very much, kayla. >> i don't find it peculiar carl ica

carl icahn? another piece of news is the notebook sales fell 10%.er, dell noted, and they definitely want to put a good spin on this one, they were the only vendor among the top five to increase pc unit shipments over the year-over-year and sequentially in the past two calendar quarters according to ibc. that's good news there for dell. as we noted, we're going to hear more from the shareholders on september 12th. this is a key, key story, the stock is nowhere near where it was back in 2007, but obviously, michael dell's baby, and he wants to hold on to it and carl icahn, not necessarily so. cheryl: yeah, trying to take it private. nicole, appreciate it. well, for a deeper dive inside those dell numbers -- david: let's bring in an analyst, jeff, bottom line here is another report and this was not that, this was a beat on the top and bottom line, but a poor report could have helped michael dell and the company persuade more shareholders to sell now rather than risk it later. so was a good report actually bad news for michael dell here? >> well, that'

liz: teddy shaking his head, if it's "if," we have a statement on carl icahn annoyanced via twitter andonfirmedded on fox businessings, he is taking a stake in the company, and apple says, quote, tim -- that's tim cook, the ceo, had a very positive conversation with mr. icahn today. ha-ha, they took the call. you better always take icahn's telephone call, but he told us just before the top of the hour we're in when it comes to apple says it's extremely undervalued, and he said, liz, a bigger stock bye back is something we would expect. now, that's not exactly something we have not heard before, but we heard other activists investors ask for the exact same thing when they were not doing something like that like david einhorn, but there's real activity here. i don't know if we can look at the quote on apple. i can pull it up as well, but the stock moved 4% up immediately, up 4.5% now. there's that. there's jcpenney, which has a very interesting, all be it gossip thread of a connection here because bill ackman battles with icahn, but we have more on the battle to save jcpenney. fox busines

some investors are saying icahn is going to derail the company with his investment tactics carl icahn is telling the courts michael is not acting in the best interest of the shareholders. are icahn also gone into a very public debate with a hedge fund manager ackman over herbalife investments ackerman told c m b c this is not an honest guy not a guy who keeps his word and he takes advantage of the little guy. despite burning a few bridges along the way carl icahn is viewed on wall street as one of the most effective and astute investors true to form he starts out small but as the middles on apple we can be assured the board of directors is watching him like a hawk. or two correspondent megan lopez welcome to the daily drone thing here finally going to do we do a bit we're going to talk about drills because you recently went to a conference and what did you find out there i found out that the economy for for you of these is not just growing it's booming in a major way if you if you would be a man dominated vehicles so that's the nice way of saying it and that of people actually at the

under 500 now, but it was up most of the day thanks to one man, carl icahn.hat right. $498.30. if it closes above $500, that would be the first time since january 23. not bad. liz: we are watching cisco. finally picked up, said report numbers in just a few minutes, the stock trading up, nicole. what will you be looking for? >> the types of companies whether it is the government, the telecom industry that says they are using cisco data and things like that. that stock is up heading into the close. david: airlines down again today over concerns of the government squashing the deal between american and u.s. air. what is the latest? >> jpmorgan came out and downgraded a few of them. some reasons they are down again today. david: the bells are ringing, they are still cheering on wall street. iyou think how the market has performed since the beginning of this year. only six times in the past 40 years, by the way the market has performed as well as it has over the past six months. a down day once in a while is not necessarily a bad thing. liz: time for the top headl

some investors are saying icahn is going to derail the company with his investment tactics carl icahn is telling the courts michael is not acting in the best interest of the shareholders. are icahn also gone into a very public debate with a hedge fund manager ackman over herbalife investments ackerman told c m b c this is not an honest guy not a guy who keeps his word and he takes advantage of a little. despite burning a few bridges along the way carl icahn is viewed on wall street as one of the most effective and astute investors true to form he starts out small but as the middles on apple we can be assured the board of directors is watching him like a hawk. or two correspondent megan lopez welcome to the daily drone thing here finally going to do we do a bit we're going to talk about drills because you recently went to a conference what did you find out there i found out that the economy for for you a.v. is not just growing it's booming in a major way and you have you would be a man animated vehicles so that's the nice way of saying it and that of people actually at the conference t

who will break first and the update with carl icahn. these two industries have a lot to celebrate right now. we have the ceo of mgm international. discussing earnings and expansion. in the amazon billionaire who is becoming a newspaper aaron. secret plans for the s plans for what does this purchase of "the washington post" mean for the entire news industry? "countdown to the closing bell" starts right now. ♪ double knockout ♪ ♪ liz: good afternoon, i am liz claman and it is the last hour of trading. a glitch in trading that we want to tell you about. global markets it is not yet known and last time we had a technical glitch on march 23, it has the part of the ipo. and cbs calling time warner cable a bluff on their offer of a sham. time warner cable has proposed is to return the cable. but only as an À la carte operation and offering. we are seeing hat done about two full percentage points newspaper ads making sure that people understand the position gold dropping $19.60 to 1000 to 82. it is just slightly above that right now. we are tal

take carl out of it, carl icahn out of it.d manager, as we first reported on fox business, a series of idea meetings. he had meetings with other potential long investors before he went, this thing -- dennis: sounds like orchestration and manipulation to me, charlie. no wonder ackman is complaining. >> you said it. you said what bill would say. dennis: there you go. lori: remind everybody that we will hear from carl icahn, four p.m. eastern. he will speak exclusively to liz claman. four p.m. eastern right here on the fox business network. dennis: go to stocks now, at the new york stock exchange. jason weisberg is there at floor. jason, how is it looking? >> looks pretty grim i guess on a relative basis though it is really kind of painless. this is a slow bleed. i think it is due to lack of interest. not because there is real sell interest. i think most people that really want to play are waiting and keeping their powder dry for, a lot more volume, rather than volatility. dennis: all right. i ain't afraid. don't you be afraid ei

carl icahn is the one who posts it. the billionaire investor used social media, twitter to announce he's taking a big position in apple, the stock soors. >>> so much for the affordable part of the affordable health care act. the administration is postponing another big part of the law. this time it's the cap of out of pocket costs for consumers. all those stories and more coming up on the "the kudlow report," right now. >>> good evening. this is "the kudlow report." larry is off tonight. airline stocks plunging today. the u.s. government in several states suing to block the merger between u.s. airways and american airlines. phil lebeau joins us now with the details. >> reporter: this is all about whether or not you believe the merger between u.s. airways and american airlines hurts competition around the country. the justice department says that is clearly what's going on if these two airlines merge. a number of routes where there is not enough competition. we'll talk about one specific airport in particular. the lawsui

>> following the money, carl icahn tweets about a 1 billion-dollar stake in apple and the stock takes off. j.c. penney shares worth $350 million less than he paid. can he make money? >> and supersized hospitals are getting better, changing the economics of healthcare, but will the trend mean higher bills for you? all that and more tonight on "nightly business report" for tuesday, august 13th. >>> and good evening everyone. buckle your seat belts and make sure your trey tables are upright and locked that planned 11 billion-dollar merger between american airlines and u.s. air hit an air pocket today courtesy of the u.s. justice department. eric holder and six state attorneys general soon to blocked merger says the deal will stifle competition after a wave of airline competitions in recent years. says the government says it could lead to bigger prices. shares of u.s. airways falling 13% day and amr corp, which is currently in bankruptcy but trading nose dived a staggering 45%. hampton pearson has more on the suing and what it might mean for the few tear for the merger. >> reporter: at th

whether it's it was bill ackman and p&g or whether it's carl icahn here. >> that's what i'm talking about here, which is ackman never threatened to take over proctor. value -- we keep talking about how most, positive. that's all i'm saying with icahn. does he want board seats? you can put that out there but in the end, i would rather take his call and work with him because he's pretty smart. >> meanwhile he's up $75 million in position. >> quickly from a stock standpoint, this puts in absolute floor on the stock, don't you think? >> herbal life floor. >>> all right. coming up, the most innovative companies coy ies according to . and there are names that didn't make it that might surprise you. let's take another quick look at the futures as well as we get set for this wednesday on the street. implied open slightly negative across the board. more "squawk on the street" live from the post nine at the nyse when we come back. ♪ make it happen with the all-new fidelity active trader pro. it's one more innovative reason serious investors are choosing fidelity. get 200 free trades when you start

this is thanks in part to carl icahn's big bet on the stock.you didn't know, yesterday, carl icahn announced in this middle of the day on twitter he was getting activist in it. and he's got two days of bang out of this for apple. it's gone up dramatically. >> an additional $71 million in his pocket just because of -- just because of the move yesterday in his pocket alone. never mind the $17 billion it added to the market cap of apple yesterday with all of that excitement. >> it's a huge thing? >> well, it's a huge thing. partly because it was clarified today, you know, the conversation about if this is the time for apple to do it, they can finance this share repurchase at low rates is what they got now and they can pay this back to shareholders and, boom, right, someone like carl icahn gets in and then he says, you know, by the way, i'm on the phone with tim cook and i happen to have a big position, i'm making a big bet. >> let me ask you this, though, how much do you think -- do you think it's possible at this point -- i understand it's not ju

wall street still buzzing over carl icahn's latest investment. an a $1 billion stake in apple. icahn calling apple undervalued and saying an increased stock buyback could push the shares up to $700. icahn said he had a nice conversation with ceo tim cook and that they plan to speak again soon. becky has some breaking news. >> deere earnings are out. looks like the company came in with numbers much better than expected. deere coming in at $1.56 a share. the street was looking for 2.17 a share, came in with much better revenue than expected. revenue was $10 billion. the street was looking for $2.8 billion so this looks like a strong beat. looking for some of the comments. john deere is well on the road to another year of impressive performance after reporting record third-quarter results. that's according to the chairman and ceo, sam allen. they said sales and income for the period were higher than in any prior third quarter. they say it's a reflection of considerable strength in the farm sector, especially in north and south america. they are also

carl icahn stunned investors saying he is taking a large stake in apple, so how much profit did carl mself make in the last 24 hours? liz: coca-cola goes on the offense for critics of one of the biggest out of lines, this time it is not just the sugary drink. whether the campaign will work and what investors make of it when we come back. this man is about to be the millionth customer. would you mind ifi go ahead? instead we had someone go ahead of him and win fiy thousand dollars. congratulations you are our one millionth customer. nobody likes to miss out. that's why ally treats all their customers the same. whether you're the first or the millionth. if your bank doesn't think you're special anymore, you need an ally. ally bank. your money needs an ally. 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 use in women or anyone yoger than 18 or men with prostate or breast cancer. women, especially those o are or wh

it was a delicious day here at prime interest it was carl icahn sink his teeth into an apple buyback hopefully that keeps the proxy war away and excel moved down the prosecutorial food chain though his boss seems to be in the sights of the federal shards in the parasitical fed it caught the taper for the sequester seems to have quelled its appetite to finally wind down we might follow you have a mouthful to say about that and our favorite one place that i can have hopefully it won't be necessary carl thanks for tuning and come back tomorrow from everyone and prime interest and carry on boring of a great. old . technology innovation all the developments around the show we've got the future of coverage. he'll you if you can if you view. you. today on larry king now it's lisa goudreau the emmy winner is branching out on the wrong with not one but two g.b. shows on the star studded line of over hits series web therapy well as someone makes the mistake of saying oh i've seen my fair a few and i like it that i hunt them down on moving beyond friends oh well we cry you know the whole time i

on tuesday, apple shares shot up 5% after billionaire carl icahn tweeted he has a large stake in the iphone maker. the freedom to tweet is a game changer in the business world. as julia borston tells us with that freedom comes risks for investors. >> twitter which has quickly become the world's breaking news feed is shaking up the business of wall stroort aeet and invest. they take to twitter to talk stocks, sometimes moving markets. carl icahn said he may use twitter to release information before taking to the communications tool to tweet the position in apple sending the stock soaring. >> twitter is a new player in the financial market. it's being fed into the high-frequency traders who dominate trading volume now. >> in april, they said it's okay for companies to release information on twitter and facebook, as long as they warn investors where to look. weighing in after netflix' ceo said the viewing topped 1 billion hours. the question is what does that mean for the security of investor security accounts. from burger king and jaep to the associated press has been hacked. the passw

yesterday, of course, carl icahn revealing he had a large stake in the company.e learned today that leon cooperman's omega advisors also took a stake in apple. last quarter. not everyone, though, is an apple fan, though. in 13-f, we heard julia robertson's tiger management cut its stake in the company. maria, back to you. >> all right, josh, thank you very much. >>> the tweet heard around the global markets yesterday was from carl icahn. taking to twitter to say he has taken a big position in apple. the stock started its climb higher and continued that climb today. as you can see, $498.50. it did cross 500 earlier today, but closed below that. the securities and exchange commission says it is okay to use social media for disclosing material information, but does this type of hyped disclosure take it too far? ron insana says it's opening a pandora's box and could lead to market manipulation, but dave says it's the new reality of 2013. they join me now along with peter costa of empire executions to get on-the-ground perspective. peter, i want to kick it off with yo

>> no. >> you're taking the $14 deal because it is $14, carl icahn? remember, when you include the warrant in this deal, this is a 15.50 to $18 deal icahn has on the table. that warrant has value. >> if the company has a future. >> if the company has a future. >> that's -- >> he's going to bring in a good manager, right, good ceo, good management team. >> is that obvious? >> i think it is. he made a billion off motorola. >> that's true. i also remember blockbuster, which was different story. >> fair enough. >> we'll see what happens later today, if there is a vote at all. >>> coming up, how many cars and trucks do you think auto nation sold over the years. mike jackson will tell us about reaching a new milestone as we head to break. check out the price of crude. "squawk box" is coming right back. we're all set to bundle your home and auto insurance together. i'll just press this, and you'll save on both. ding! ladies and gentlemen, boys and girls, llllet's get ready to bundlllllle... [ holding final syllable ] oh, yeah, sorry! let's get ready to bundl

. >>> shares of apple are popping on the other hand after billionaire investor carl icahn revealed an the company. this comes just hours after oracle ceo larry ellison soured over apple's prospects for success. another tech titan battle. who will come out on top? joining me to answer the questionn rob enderle, and tiernen ray. to you first. what did you make of larry ellison? he was quite specific of the current leadership at apple? >> he saidhat he likes ceo tim cook but they will not be nearly as successful. he wasaying similar stuff last fall but was more negative today. last fall he said i think the company ill thrive. now he says think they won't be nearly as suck es sesful. the implication they won't throw at all. lori: do you agree, rob? good to sigh at you will. shares of apple have falle 25%. is ellison correct? >> he is. appleas designed around steve jobs unique skillset. each person was selected to do things, including tim ck that steve jobs didn't want to do. steve jobs is ge. they didn't backfill him. they put the guy in to do stuff steve jobs didn't want to do as head o

maybe that sustains on a more fundamental basis beside what carl icahn is doing which isn't really a tal shift in the company but i'm hoping that one leads to the other. so and when icahn steps off the curb, if he does, then you have a situation where there is some better fundamental news, which frankly we haven't had in about a year. adam: that's a good point. paul meeks, we'll follow your tweets on apple. there are people that believe mr. icahn is in it for the short term and you're clearly in it for a much larger picture and broader picture. thank you for joining us on "markets now." >> thank you, sir. adam: turning to activity making headlines, bill ackman. he sat down with charlie rose for his first interview in months and involvement with jcpenney and trying to turn that company around. this is a quote. we got too much credit for ron johnson's hiring and when the business failed, i probably got too much of the blame. as for johnson, ackman believes he had good fundamental ideas but his biggest mistake short term was eliminating coupons. ackman stepped down from jcpenney's board

carl icahn writing, the new york times, the actions prove something is wrong. okay.s words. anyway. those are fighting words. we will continue to follow that story. not to a reality check on retail. our shoppers dropping before the shop? retail giant walmart given at grim outlook. what does it mean for the sector as a whole? let's bring in tel aviv adviser, group senior managing director and senior research analyst. national retail federation chief economist. thanks about the for being here. a lot to start off with walmart year. and the running joke is among some of the analyst community is that walmart is a grocer's "-- grocery store disguises the discount retailer. what did he sit behind the numbers listed at chiba? >> well, i don't really actually look at the walmart numbers. we really looked at retail in general, but i would like to suggest to you that certainly you have to look at income strata for people and where they're shopping and how much they're spending. and nothing to a certain extent that the lower income groups of people in the economy have been reall

what does it all mean for carl icahn?erle who said this is part of carl icahn's strategy because he loves it essentially mug you in court. >> he doesn't have any investments anymore. he is gambling with his own wealth. he comes in with an aggressive position, he threatens folks if they don't go his way he wilburry them in litigation and become as big pain in the butt. invariably someone figures out a way to buy him off and goes away and mugs somebody else. >> pretty close to the share price that mr. icahn thought dell was truly valued out. bottom line, some of the holdouts, franklin mutual, big mutual fund manager will vote in favor of this deal. they originally had been against it. and they hold millions of shares of dell, roughly 60 billion under management at their hedge funds or mutual funds. they're in favor of the deal. back to you. ashley: the fight goes on, adam shapiro in texas. thank you very much. tracy: no, the war goes on you mean according to icahn. so dramatic. ashley: that's what he does. tracy: it is time

the question for the jury here, folks, is should the average investor follow the big guys like carl icahn or ackman or loeb and others, and also are there concerns when an activist investors like icahn goes on twitter to rereal their position. welcome to you both. bethany, what do you say here? is it fair play for a big investor whether it's ackman or icahn or somebody else to go and tweet that he's just opened a big position in a company? >> well, look, it is turning the stock market into the wild west by the prevalence of people being out there and sort of talking their bok and touting their positions but where i come out, if you follow him blindl blindly, -- >> you hope that mr. icahn tells us when he sells? >> absolutely. just the whole try of following what a company's announcements, speed desk that put up information seconds or so before the information could be traded on, very lucrative to traders if they have the slightest edge. for the time being it's troubling because anyone who heard that tweet or saw that tweet, even milliseconds before anyone else, had a major edge. >> bethan

one person accumulating the stock, carl icahn.e has the ear of management the stock is on the cusp of a huge breakout with a close of $5.10. high-profile member of the black community rips president obama. louis farrakhan says, get this, government can't fix our problems. the president's policies have failed african-americans. now congressman darrell issa, he wants to see lois lerner's personal email. she was using that account for official business. that's a big no, no. the president says the scandals were phony. you remember that. "varney & company" begins right now. uses 89% less energy. and costs 77% less. it's called hp moonshot. and it's giving the internet the this&is gonna be big.. hp moonshot. it's time to build a better enterprise. together. lks have suffered from frequent heartburn. butetting heartburn and then treating day after day is a thing of the past. block t acid with prilosec otc, a don't get heartburn in the first place. [ male announcer ] one pill ch morning 2hours. zero heartburn. charles: first this developi

. >>> billionaire carl icahn shakes up the apple cart with a huge buy. >>> plus, jesse jackson jr. is sentenced to prison today. and everybody loves a winner. we'll show you 16 of them. >>> good morning. we begin with breaking developments overnight in what's already been a bloody day in egypt. this morning, egyptian forces moved in to try to clear camps held by supporters of ousted president mohamed morsis. dozens have been killed and thousands injured. we're live in cairo. good morning, ayman. >> reporter: we know that the option began this morning and two major squares here in the capital cairo. one of those squares has been cleared out, firmly in the control of egyptian security forces. tanks and armored personal carriers have been deployed in another part of cairo the major sit-in is ongoing. security officials have been killed. we also understand that according to members of the muslim brotherhood and their supporters up to 150 protesters have been killed. in the coming hours we'll get more information. the official death toll has climbed into the tens according to officials

denied carl icahn's request to fast track his lawsuit against dell. of course, icahn was trying to accelerate the time frame on his lawsu lawsuit. he was hoping to head off the september 12th special shareholder's vote on the takeover proposal from michael dell and silver lake. he wanted to be able to hold the special meeting and also the annual meeting now set for october 17th on the same date, but, again, this delaware court has denight his request to fast track this suit so that could change the timing in all of this. meantime, watching shares of dell. trading slightly higher on the news. up half 5% and dell reporting earnings for a penny a beat for that company. tyler? >> thanks very much. >> after hitting a four-year low of around 1,110 gold is rallying the past month and a half. jpmorgan says buy gold but some of wall street's hedge fund titans have already gotten out. how should you play it? kilberg, iuorio stanning around. it's a fight till the finish and as we head out a look at how some of the gold miners are trading trade. rand gold is up, b

carl icahn is the one who posts it.nvestor used social media, twitter to announce he's taking a big position in apple, the stock soors. >>> so much for the affordable part of the affordable health care act. the administration is postponing another big part of the law. this time is

carl icahn is raising his stake in dell. the sec says the billionaire investor now owns close to 9% of the pc company. icahn reportedly bought an additional 4 million shares last week after suing dell over delaying its shareholder meeting. dell and icahn are locked in a battle over the company. a shareholder vote on whether to take the company private is set for september 12th. sony's ceo has formally rejected an offer from hedge fund manager daniel loeb to spin off the company's entertainment division. sony's ceo says the entertainment businesses is "critical to corporate strategy." he adds that ipo subsidiaries tend to have a poor record. sony pictures most recently released "the smurfs 2." stocks on a hot streak: solid earnings gave a boost to stocks this week. michael kors is trading higher following this week's earnings report that revealed sales in north america are up 46%. cvs caremark also topped expectations. it says sales of new generic drugs helped profits. and molsen coors stock is buzzing. beer sales were up as

also, also worth remembering that carpall icahn is investing his legacy and position as carl icahn and what he's talking about in the moment. if you're a retail investor, be less concerned about taking care of carl, who is taking care of himself and be more concerned in the under lying investment. i think his thesis makes a certain sense but he's asking the company to do something he knows full well that it basically can't and definitely won't do and folks should factor that in, even though carl is widely respected and deservely so, as a sort of leader in the space. >> max, a lot of people are counting on new products coming out of apple, most notably in september, a new iphone, if it's not a wow factor, then what happens to apple stock after that? >> look, i absolute agree with you. it's an excellent point. a ton of pressure on the new ipad that's coming and another iphone 5 s and more affordable version. i'll look at ils 7, the new mobile operating system running on newer divisions pretty quickly and the phone. we need to see two things hit. we need to see some kind of verbiage about

i have never met carl icahn nor talked to him.. >> and i have no favoritism toward him like i said, nor am i against michael dell. i'm trying to be a, just like we asked them to be capital allocators, that is our job to represent our shareholders the best way possible and we look at risk adjusted forward returns and how can we achieve the best. and under those two options, that is why we have chosen the other one. liz: well the vote is in sent and we'll be watching all of this and more. we sew appreciate you coming on. david: thank you very much. >> good perspective certainly to hear somebody with that chunk of shares is going to think about this. thank you, donald. >> you bet. david: appreciate it. >> donald yacktman. david: the july jobs report raised new questions about the power of america's jobs machine. what needs to be done to stimulate job creation? carlos gutierrez, former secretary of commerce and vice-chair of weighs in next. liz: his fate was sealed and found liable for fraud. are more traders and bankers from the mort

the company has also been in a very public brawl with carl icahn.esterday the billionaire investor filed a lawsuit, the latest in a series of attempts to derail the deal. he was all over dell today, first on twitter, saying we are pleased to have won another battle but to dell himself, it's far from over. he commented more on dell saying the skpeshl committee's actions validate what he's been saying all along, mainly that michael dell's offer values the company. icahn calling that, quote, an insult to the shareholders. they were supposed to vote. now the shareholders who own the stock as of august 13 will be eligible to vote at a september 12 special meeting on the new deal. bill, back to you. >> as the dell turns. thank you, josh lipton, very much. by the way, somebody at twitter took me to task for saying deleveraging. we are. corporate america is. the fed is not. >> europe is selling assets aggressively. >> corporate balance sheets have more cash than they've had in forever. >> it's not as much as in 2008, 2009 but it's still deleveraging. >> yes