and i really helped that kid all my life, you know. >> plus, find out what other companies carl icahnve investing in. we'll talk about apple, which he's been tweeting a lot about, and why it's getting slammed again. that was a great interview with you and carl back in july. >> this was a lot of fun. look forward to that in the 4:00 hour. right now a half an hour to go. dow's dropped a little bit but still up about 95 points. another good day on the street. >> sure is. he may be known as the village people's first cop but he also portrayed a naval officer for one famous song. ♪ in the navy you can sail the seven seas ♪ >> the original lead singer of the village people just used a little known provision in a copyright law to regain ownership of this and many other well known songs he wrote including "ymca." he'll join us and tell us how he plans to cash in on the lucrative songs. if you're serious about taking your trading to a higher level, tdd#: 1-800-345-2550 then schwab is the place to trade. tdd#: 1-800-345-2550 call 1-888-284-9410 or visit schwab.com/trading to tdd#: 1-800-345-255

carl icahn happens to be one of them.d this deal for quite some time saying that the deal that michael dell has proposed, that was approved today, undervalues the company. and that there is value to be unlocked once the turnaround happens. but that should be for the shareholders. michael dell himself showed up to the vote. he held a conference call later where he gave some comments. this is what we had to say. >> this is a great outcome for our customers and our company. i'm more than excited to move even faster towards our goal of becoming the industry's leading provider of scaleable end to end technology solutions. >> reporter: still it sort of is an end of an era in terms of dell. a very iconic company now going dark for a while. michael dell certainly putting his chips on the table, investing a lot in this company. he now owns 75% of it. if he can structure that turnaround, it will be very profitable. now back to you. >> jackie, thank you so much. don't miss my exclusive interview tomorrow with dell chairman and ceo m

carl icahn said you should break up the company. sum of parts is worth more.ness with hp. we don't know yet. if he does that, that will be a slap in the shareholders face, that voted for this transaction. >> let me make sure i get you right. >> sure. david: you're saying what carl icahn was suggesting be done to the company would have been better for the company than what he is suggesting? >> increase shareholder value because it would still be a public company. david: so you're pissed at michael dell? >> i was before. i think shareholders are still but they voted in favor of the transaction because of the record being changed and because of special committee. david: good to see you again. thanks for coming. >> thank you, david. david: dunkin' donuts announcing some ambitious expansion plans in a country where drinking tea is a national pastime. we'll tell you where the coffee and doughnut chain is taking its all-american treats. that is coming up next. ♪ (announcer) at scottrade, our clients trade and invest exactly how they want. with scottrade's online bank

carl icahn rang the bell at the bottom. he's not at the top.f you rode his coattails, you're not going to want to wait until you get a press release saying he's out of it. some of the things to me show the declining momentum, the gaps we've seen are doing so on less volume, short interest is at a two-year low. they've washed out a lot of the shorts. when you look at that chart, it's gone exactly haywire. i did make a short-term bet that the stock will pull back 10% to 20% in the next month or so. i'm using a put fly. i wouldn't short this stock with your money. i'm going to set up a structure where it's a set it and forget it trade. when the stock was about $304, i bought the october 280, 255, 230 put fly for $3. i bought one of the october 280 puts for 685. i sold two of the october 255 puts at 230 for a total of 460 and one of the october 230 puts for 75 cents. that cost me $3. that's my maximum risk. between 277 and 233, i can make up to $22 with my maximum gain of 22 at 255. this is a set it and forget it trade. i'm willing to risk three to

it is about carl icahn, isn't it? the billionaire quote, thrown in the towel. he thinks so. lock a proposed buyout of pc-maker dell by founder michael dell. icahn says the battle would be almost impossible to win. david: owners -- by the way he still made 70 million bucks. not exactly a loss. owners of luxury retailer neiman marcus

should you follow carl icahn into apple.alk numbers, check out the fundament ams on the technicals. on the stock, richard ross, global technical strategist. on the fundamental side of the story, ron dochin. good to see you, gentlemen. thanks for joining us. rich, let's look at the charts. what does it tell you? walk us through apple's chart and how does it look to you? >> i'll tell you, maria, when we're talking about tech stocks right now there's a very curious bifurcation in the market. we have a handful of momentum driven names trading at str stratospheric valuations as we steam towards the month of october. that's a recipe for disaster. then we have apple. they're printing more cash than the federal reserve. 30% off an all time high. 12 times earnings. bullish chart to boot. let me walk you through it. krou can see that textbook double bottom earlier this year within the context of a nine month base of support. back in august we break above the 150 day moving average. we get a bullish golden cross of the 50 over the 150.

thanks so much. >> thanks. >> bob doll. >>> don't miss my interview with carl icahn. we'll talk about his stake in apple to abandon dell fight. could the nfl make money on the settlement it's forced to pay over player concussions? some former nfl players are outraged by this. before global opportunities were part of their investment strategy... before they funded scholarships to the schools that gave them scholarships... before they planned for their parents' future needs and their son's future... they chose a partner to help manage their wealth, one whose insights, solutions and approach have been relied on for over 200 years. that's the value of trusted connections. that's u.s. trust. >>> welcome back. apple posting sending worst day on the heels of apple's iphone announcement, street unimpressed. john fortt on more with this thumbs down from wall street. back to you. >> take a look at this little chart to show exactly why they're disappointed. pricing the 5s $650, 5c and $550 and 4s around $450. think about used iphones. they can see revenue from people who come in

♪ >>> carl icahn is taking his marbles and going home.nvestor is bailing out of efforts to block the $25 billion of dell saying it would be almost impossible at this point to win. he talked with scott on cnbcs a fast money halftime report. >> we did the work the board should have been doing. i never seen a situation that points up to me for better corporate governance in this country. not only were they not interested but offered me $25 million to go away. >> take a look at where shares of dell are trading up a fraction, 1 cent at $13.85. icann enterprises up almost 3% at 77.85. >> taking flight, takes us to the world of corporate jets today. phil lebeau following the streams and the numbers, live for us in chicago. phil? >> tyler, this is new data from jssi which basically services and maintains about 1600 corporate jets around the country. they have a pretty good sense of who's using their jet and where they're going around the world. they've broken it down by industry. this is q2 data, what stands out, corporate jet use in the second q

carl icahn was more bearish

get 200 free trades when you open an account. >>> activist investor carl icahn and apple ceo tim cookcould icahn's input be the boost apple investors have been waiting for? and you know we have a street fight on this. >> good luck. no. >> tim is the bear. pete is the bull. 90 seconds total to make the case. pete, go ahead. >> you don't even have to start here but i will anyway. you look at valuation. phenomenal. you look at their cash. 147 billion. phenomenal. you get a yield. forget all that. how about the record launch of the snoen how about the ios, the record launch of that new operating system? how about the deal, tim, back in your world, the emerging markets, take a look at what they've done in japan and what they could potentially do in china. and lastly look at the fact that when you selluyou sell an iphone today in that two years you will get $330 out of every single sold phone because people are going to go to itunes store, the imac everything else. >> you done? >> give me something. >> everything you just said i have the total opposite view. that 9 million in sales, first o

david faber reported earlier the activist investor carl icahn will meat with apple ceo tim cook on mondayout, and will an apple dividend come up? i think maybe icahn wants to talk about dell computer, right? >> i think icahn's going to ask for an apple tv and an apple fancy watch, maybe some other connected devices and then, of course, he'll say, do whatever it take it push the stock up. >> it's all about returning cash. when you have an activist like carl icahn trying it shake things up, he's not doing so -- at least from a hostile point of view with tim cook right now, but he wants it see shareholder value increase. that might be more of a stock buyback. it can be a special dividend. who knows in but this is a great meeting. i would love to be at the table. >> but guess what? we get to read about it later in carl icahn's tweets. >> he's tweeting already. love it. >> maybe he'll live tweet during dinner. who knows? >> larry ellison always seems to come up a winner. his sailing team successfully and electrifyingly defended the america's cup yesterday. they were left for dead, down 8-1. th

now carl icahn has a new target. not just one company. my exclusive interview with carl icahn is ahead. stay tuned for some big news there. back in a moment. [ male announcer ] staying warm and dry has never been our priority. our priority is, was and always will be serving you, the american people. so we improved priority mail flat rate to give you a more reliable way to ship. now with tracking up to eleven scans, specified delivery dates, and free insurance up to $50 all for the same low rate. [ woman ] we are the united states postal service. [ man ] we are the united states postal service. [ male announcer ] and our priority is you. go to usps.com® and try it today. ♪ there'll be the usual presentations on research. and development. some new members of the team will be introduced. the chairman emeritus will distribute his usual wisdom. and you? well, you're the chief life officer. you just need the right professional to help you take charge. ♪ but it doesn't usually work that way with health care. with unitedhealthcare, i get informat

lori: carl icahn admits defeat after a month-long battle.hen you see celebrities, you don't necessarily think bulk celebrity makeup. our guest on her efforts to go glam at costco. no onion bagels involved. lori: you just outed what i had for breakfast this morning. it is your problem more than anyone else's. on a serious note, let's go to market and nicole petallides on the floor of the new york stock

>> i think we had carl icahn on the show last night. here's a guy who's a smart trader here. he's got fabulous gains. i think sooner or later you'll start to see big holders take profits in this thing. linkedin is still growing. it's not nearly as controversial. >> to that point, carl also indicated he actually did want to get out of this stock earlier. it was his son that prevented him from doing that, remember. you have to think that that conversation is being engaged in again at this point. because they've obviously enjoyed enormous profits. >> little stocks versus options here. netflix is a financial equivalent of the lone ranger. expensive and ultimately pointless, shorting any stock carries unlimited risk. dan's put fly offers 8-1 payout in risks just $300. well, listen to this. this music can only mean one thing. the fight of the century, tomorrow night, mayweather takes on alvarez at the mgm grand. it has the media world abuzz. getting warmed up for the fight. >> i'm getting warmed up. this is getting serious billing, guys. golden boy promotions is prom e promoting th

now, folk, carl icahn made another phone call to cnbc today.deangeles has the highlights next up. [ shapiro ] at legalzoom, you can take care of virtually all your important legal matters in just minutes. protect your family... and launch your dreams. at legalzoom.com we put the law on your side. >>> carl icahn drops his bid to take control of dell. just gives up. jackie deangeles has that story and more. >> that's exactly right, carl icahn saying he'll stop fighting because he doesn't think that he can win. michael dell of course offering shareholders a private deal for just under $25 billion. it's a deal which has the support of the company's board. but icahn maintains dell's deal doesn't allow share loholders t reap the benefits. wall street journal reports he stands to make a profit of about $70 million on his investment in dell. mean titime molex shares shot u 31% on the news they're being bought. they get about 14% of its revenue from apple. and fworngeorge zimmerman is fr on go. his wife claimed he was threatening her with the gun. the c

carl icahn and warren buffett are concerned. should you be?y, my ambulance knew all about a bike accident, just by talking to a helmet. it grabbed the patient's record before we even picked him up. it found out the doctor we needed was at st. anne's. wiggle your toes. [ driver ] and it got his okay on treatment from miles away. it even pulled strings with the stoplights. my ambulance talks with smoke alarms and pilots and stadiums. but, of course, it's a good listener too. [ female announcer ] today cisco is connecting the internet of everything. so everything works like never before. [ female announcer ] today cisco is connecting the internet of everything. ever [ female announcer ] today cisco is connecting the internet of everything. ybody has different ideas, goals, appetite for risk. you can't say 'one size fits all'. it doesn't. that's crazy. we're all totally different. ishares core. etf building blocks for your personalized portfolio. find out why 9 out of 10 large professional investors choose ishares for their etfs. ishares by blackr

. >>> when carl icahn talks, guests listen up next. the billionaire investor will be here giving me his take on companies that could be a -- find out which firms are on his target list. >>> interest rates have been dipping due to the federal reserve continuing its stimulus plan. find out if now is finally the time to get off the fence and go with that refi or mortgage before rates head north again. next time they might not stop. >>> later, syrian president bashar al assad and his family have amassed a fortune through a web of moves that would rival organized crime. later, what assad's taste for the good life is costing syria. you're watching the "closing bell" on cnbc, first in business worldwide. stay with us. 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.

carl icahn is throwing in the towel in his campaign to win control of the company. the move means one of the biggest obstacles to dell's campaign to take control of this company has been removed. dell says, it would be almost impossible to win, unquote. dell/shares pretty much unchanged. >> he said that on scott's show earlier today. >> he did. >> cool. can't win, move on. >> exactly. >> at some point it becomes even clear to carl icahn. >>> the dow jones industrial higher by 149 points. nasdaq up a whopping almost 45. >> could the president's handling of the situation in syria force him to change who he wants to pick to be the next fed chief? stay with us. it will make sense once you hear the entire story. >>> and then nissan is the latest company jumping into the smart watch race. a car company doing smart watch. this is supposed to link you to you and your car. we'll have details on that next. >>> then more retirees booted out of their company's health carrol carrolls. is this setting up the same thing to happen to current employees? more on the unintended conseq

he got in the stock and i was on your show after that and i was asked are you concerned with carl icahnlder? and listen, carl made four times his money and he got in at a time when the stock was way undervalued. there was carl, you know, buying hanes stock. there is nothing wrong with ringing a cash register. we are positioned better today than when carl bought the stock three years ago. you know, when carl came into the stock, we earned 80 cents a share. we earned $2.53 a share today. our consumption up 11.4% which means all of the categories over than whole foods. so eating healthy and i have said it on the show, not a trend, not a fad. it's going to become a bigger and bigger part of our lives. what's one of the number one products of fashion week? whole foods opening up a thousand stores. one of my biggest customers is walmart. the consumer is not going to whole foods just to buy healthy foods. and here in new york city, fair way. trader joes opening up more and more stores. sprouts, more and more stores. it is a good time for eating healthy products. >> a lot are flagging the fact

billionaire investor carl icahn on cnbc agreeing with buffet. is it time for you to sell? we'll talk about that. apple fever is in full force today. the new iphone 5 hits the stores. will apple meet targets? live at apple stores from new york city all the way out to the west coast in california. with that. and silicon valley's zen master will join us today. this is the guy that the tech giants like google turn to when it wants to boost productivity and innovation and spark creativity in workers. you're going to meet him, down at the nyse today. that's going to be an interesting segment. are you channeling your inner trader, ty? >> i am in a zen state of mind, sue. and stocks unfortunately are not in a zen state of mind, down about 73 points right now on the dow, the s&p 500 is off about 5 and the nasdaq is down just fractionally. think about the week we have just gone through. it began with the removal of larry summers as a leading candidate to be the fed chief. then the tragic shooting in washington. the nontaper day on wednesday. and now, votes in washington about defund

billionaire investor carl icahn on cnbc agreeing with buffet. is it time for you to sell?apple fever is in full force today. the new iphone 5 hits the stores. will apple meet tarts

carl icahn has been on fire. he got in and picked the bottom in net flix. the guy has nailed it. he rang the bell on the bottom. i don't think he's going to ring it on the top. whether you're an activist investor. >> seems like sentiment has changed a little bit. >> there are six buys, 22 holds and a few sells. the analysts have had it wrong. i think there are a lot of good things going on in net flix. he will not tell you before he will tell you after. >> karen, let's go to you in terms of no longer a friend. cbs is no longer your friend. >> we are just not as close as we used to be. >> not as close. a little distance developing we just went our separate ways. >> why? >> they did everything right for a long time. they still do everything right. they hang out with a new group now and i hang out with a new group. >> today, of course, goldman sachs upgraded wall greens to conviction buy and they hit a new all time high is that a stock you would take a look at at this point? >> probably not. >> okay. >> do you want the ones that are in trend or out? >> out of trend. >> sadly. the la

carl icahn still stands by that. recall that carl icahn is the second largest dell shareholders. he owns roughly 89% of the company. he tried to fast track a lawsuit to try and block this process. that didn't work and now carl icahn is backing off saying, okay, if this is what the shareholders want, then we're going to go down this road. meantime, michael dell is expected to come to the meeting today. he did show up at the first one when he thought his proposal might go through. he skipped the second, skipped the third. and hair holders are expected to show up today to see how this process goes forward with a special committee and to be able to cast their ballots even t last minute. voting will continue as we are in that meeting down to the last moment. it is expected to last about 25 to 30 minutes. but it could be a really big day for dell and the shareholders and michael dell, as well. if this vote does go through, it will take this company private. it could be done as soon as october and shareholders right now sort of on pins and needles, expecting it to happen, but it's never

adam: any advice for carl icahn? we will go to the dell shareholder meeting. >> we go to the same restaurant in man hadn't. and one day he put a picture of carl icahn on the wall and i said why carl icahn? what about regis? so he put the picture of and i said the picture has got to be half an inch on top of carl icahn so he did that and he never noticed it until one day he looked up to see himself and there was regis a half an inch higher and all hell broke loose but it was too late. i won that one and i am still on top? adam: the nation says thank you to you. what do you say to the planned women here, 5,000 employees worldwide. >> wonderful idea. they lost so many people that day. adam: 650 people. >> they are all working hard and going to produce and by the end of the bailout of charities will benefit. adam: how does it make you feel? >> makes me feel good. my fourth or fifth time here and good to see them working on that and i hope people remember the noreen frazier charity. for cancer women. adam: thank you. back

lori: carl icahn admits defeat after a month-long battle. why he is giving up on a deal to sell now. adam: when you see celebrities, you don't necessarily think bulk celebrity makeup. our guest on her efforts to go glam at costco. no onion bagels involved. lori: you just outed what i had for breakfast this morning. it is your problem more than anyone else's. on a serious note, let's go to market and nicole petallides on the floor of the new york stock exchange where the dow is down below 15,000. nicole: it is an exciting day on wall street. dow jones industrial up 117 points. the fear index to the downside. talking about how people are jumping into this market, somewhat of a painful feel as the s&p 500 crossing above the 50 day moving average. questions whether or not it would be able to do so. the s&p we have seen stocks higher for the fifth consecutive close in the green seven out of eight trading days. here are a couple of other looks on the s&p for you. looking good across the board. strong economic data out of china. the housing stocks

carl. >> icahn. >> not that our carl wouldn't have influence. >> if icahn tweets he's not going to only haveeakfast. >> where they have herballife supplement shakes. >> i want to mention shares of gm, 30 million of the canadian government's 140 million shares being sold this morning right now b of a taking care of that, that's frustrating the stock. >> what a buy. >> that's a buy you think? >> they've got a big chinese business. this is the way to play a turn where you don't -- where america's stable because, remember, we've got pretty good packages if you want to go get a loan for a car here. maybe shifting out of some housing into auto is going to work. i think that's a great buy. >> richard scholes is selling a lot of stock but the current ceo is selling a lot of stock saying it's because of a divorce but he's selling a lot of stock. >> that's a $10 million sale. >> easy come, easy go, as you say. >> i do think -- it's funny, whenever you see these big runs, like carl icahn selling some haynes celestial. i mean, why not? >> by the way, haynes celestial very happy to have him cutting his p

in the case of carl icahn i might be for it. this stock has been beaten up significantly.over 14 times full year eps. i don't think there is too much risk to the downside if you start to dip your toe into the water to figure out what he's all about. he's probably the best contrarian investor in the world. if you are going to take your cues from anybody he's not a bad one to pick. >> coming up next your first move tomorrow. [ female announcer ] it's time for the annual shareholders meeting. ♪ ♪ there'll be the usual presentations on research. and development. some new members of the team will be introduced. the chairman emeritus will distribute his usual wisdom. and you? well, you're the chief life officer. you just need the right professional to help you take charge. ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ [ male announcer ] the all-new 2014 lexus is. this is your move. she loves a lot of the same things you do. it's what you love about her. but your erectile dysfunction - that could be a question of blood flow. cialis tadalafil for daily use helps you be ready anytime the moment's right. you

icahn got you a little more money. without carlyou would not have gotten that. >> i think when i see something like a jcpenney, there is a givup of an activist. mark cubin, on "squawk on the street," little notice, took down 1 million shares in that block. other than us, is there any one that didn't take 1 million shares down. >> that's a very chunky shareholder basis at jcpenney. >> perhaps they go and buy a lot of stocks and. >> they are going to need a bigger closet. >>> taking the fast lanes towards profits. cramer has you ready with his mad dash. don't go away. ♪ ♪ [ female announcer ] you're the boss of your life. in charge of long weekends and longer retirements. ♪ ask your financial professional how lincoln financial can help you take charge of your future. ♪ how lincoln financial can help you take charge of your future. nascar is ab.out excitement but tracking all the action and hearing everything from our marketing partners, the media and millions of fans on social media can be a challenge. that's why we partnered with hp

do you think the news we've gotten over the weekend for apple backs tim cook and carl icahn's conversation about aggressive capital, or we don't need do that we've got the support that stephanie cites. >> taking a big step back, a lot of questions about innovation. and i think they've addressed a lot 0 of that by the demand. when you back out that channel fill, it's still pretty healthy demand, despite a marginal upgreat. so, i think there is a -- going to be less pressure. i think there's clearly going to be a focus on innovation which gets back to tv which dr. j. you were talking about and ultimately the watch in the iphone 6. you know it's all about what's going to come and it look like good things on in the next year and a half. >> nothing happens to the price target as a result of this weekend. >> estimates go up fractionally because at the high end of the range. an important point you talked about earlier is the gross margins. 30 basis points better based on updated guidance where the street needs, 30 basis points, who cares? there's a focus on gross margins, any change is noteworthy

27 17 times earning, you heard what carl icahn and warren buffett said. is this market fully valued? >> to contradict carl icahn and warren buffett might make me the biggest fool out here. no, listen, i think the fed is dovish. they shocked the market on their view of the economy as tepid, continuing to pump liquidity in the system. >> the taper, was that a surprise, the fact they did not pull back on the stimulus? >> it was a big surprise. maybe roubini was calling for it but i think he was the only economist that was thinking no taper. most people thought in a 10 to 15 billion they would start this process of getting out of the qe regime. they didn't. it was kind of a wildly dovish signal. >> we were expecting it here on the "closing bell" only because every ceo talks about this anemic economy. what do you think about the economy? >> there are some pockets of weakness but there's a wet blanket thrown over the economy. the government can't get their act together. it's not a high probability but a possibility of a government shutdown. we have a lame duck

with the battle for dell between michael dell and carl icahn is over, the company is looking forward.is not without challenges. it's not traditional competitors like ibm, amazon even mobile computing pressuring the company. today i spoke with dell founder and ceo michael dell about how he plans to turn things around after his bruising battle for control of his company. >> what about the distraction. a number of people i spoke with were saying, look, this has been such a disaster these last several months, you know, this public fight with carl icahn and southeastern and t.rowe. it-d that take away from the business environment and demand because some customers were worried. in the process they're not going to wait around while this process is around. they're going to move to your competitor. how much was this public battle in terms of impacting business? >> let me take this opportunity to thank our customers by not being too distracted by it. there was some distraction, for sure. the team at dell did a great job staying very, very focused. in the last quarter, our enterprise business s

to your point, why shouldn't you sit down with carl icahn? the guy is worth $15 billion. he's a tremendously brilliant investor. >> that is reason alone to sit down. i don't think it gives any credibility to what icahn may or may not do there. >> we know that icahn wants to have the price go higher because he's an investor there, right? he has been buying the stock around these levels. he said so. the fact that they're sitting down definitely means something. >> stocks looking to end the longest losing streak of the year. one money manager says now is the time to up your equity exposure. yahoo is trading at levels since '07. our own dr. j. did some digging. he will tell you how to play it 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 innovativ

today is the day activist investor carl icahn and tim cook expected to meet. r. icahn adding to his stake calling it a no-brainer. larger buyback expected to be a part of their discussion. seema, you follow tech, so do you dom for that matter. do you think that icahn will be persuasive? >> i'm sure icahn will make his case on why apple should increase its buyback program. apple does have the money to fund a larger buyback program. the question is, is this money better spent on r and n and innovation. apple is dealing with competition from the likes of samsung among others. that will be the question. >> didn't they do a huge bond raise to fund a buyback earlier this year. >> and already $130 billion in cash anyway. not all here in the u.s. but it's a lot of money. >> ikea selling more than home furnishing. they sell meatballs. the swedish based company -- they're good too. they are going to start selling, yes, solar packanels in the uk. good idea, not such? >> it's a huge distribution platform. >> i think price tag and quality will determine ikea's success. >> s

the buyout had been opposed by carl icahn who made an alternative offer. ck the bid in court, but has dropped his opposition. that happened earlier this week. stan from "fortune" joins on us now. dan, is that it? we're going to go private? how does this all play out? >> yeah. it looks like this thing is finally over. look, this has gone on for a long time. michael dell and silver lake first started talking about this buyout in july 2012. the original bids were late last year. so this has been a very long saga. icahn made it longer by about a month or two by his trying to block it. but yeah, this should end today. >> how positive was icahn for dell shareholders? he got some extra value for them? >> he did get a little bit of extra value. he got that 10 cent per share bump and there's a 13 cent per share special dividend. so he basically increased the offer effectively from 1365 to 1388, made some money for himself, as well. for dell shareholders, it was beneficial. to the company, it's probably a broader question. there was a lot of reports even a month on o

it is about carl icahn, isn't it? the billionaire quote, thrown in the towel. he thinks so. in his fight to block a proposed buyout of pc-maker dell by founder michael dell. icahn says the battle would be almost impossible to win. david: owners -- by the way he still made 70 million bucks. not exactly a loss. owners of luxury retailer neiman marcus agreed to sell the company to ares management and the canada pension plan investment board for $6 billion. the deal marks the end of a year's long effort to sell the retailer. delta air lines. stock is surging today on news the carrier is going to join the s&p 500. the airline will be added to the index tomorrow. after the market closes. nicole already her little plastic plane ready to go. david: good for delta. investors ignored downbeat news about kfc and pizza hut parent yum! brands and pushed the stock higher. yum announced a big august sales decline in china following a bird scare and bird flu outbreak. >> microsoft is getting red to relaunch the slow-selling surface tablet. the tech giant sending out invitations for a event

carl icahn is in it to make money. he doesn't always agitate. irwin simon made carl a lot of money. now, i think you have to take a long-term view on this. i think that kind of natural organic food is a great trend. we've been behind irwin all the way. the stock often has pullbacks after a good quarter. i want you to stay invested in hain celestial. let's go to joe in missouri. joe. >> caller: hi, jim. >> hey, joe. >> caller: my stock is diamond resorts international, the symbol is drii. it was an ipo last summer at 14. it seems like the volume is increasing daily. and so is the price. what is your opinion, please? >> i think the stock came public in a market that was a little soggy and deserved better, and diamond resorts is good. i also say that i like starwood and i also like wyndham. i think both of those are very good. i think we'll take a hard look at hilton when they become public. maybe some day we'll look at stocks like just stocks to see how they're doing like fundamentals. until then, let's raise a little cash so we can get through the gauntlet and come clean to the other

michael dell wants to take the company private and fought off activist investor carl icahn who believes dell is better as a public company. michael dell said in a statment: "i am pleased with this outcome" billionaire invester carl ichan is taking bigger bite of apple. ichan tells cnbc buying more apple shares is a 'no brainer".. he says the stock is extremely cheap with a market cap around $300 billion and could generate returns near 18%. apple shares traded last at $472. this week the tech giant took the wraps off 2 new iphones. walmart will sell the iphone 5-s for $189 and the 5-c for $79 dollars. both are slightly less than the retail price. a u-s bankruptcy judge indicates that he is warming to amr's plan on how to exit bankruptcy. this comes at a time that the mega-merger between american airlines and u-s airways is being scrutinized by the department of justice's anti-trust regulator.at a bankruptcy court in manhattan, judge sean lane said he is inclined to support amr's plan despite those merger concerns. gm rolled out new suvs to positive reviews. the new, larger and redesigned

and apple's tim cook ready to meet with carl icahn today.ll be said and how will cook handle the brash billionaire? all that when we return. >>> welcome back to "squawk box," the looming government shutdown is the primary topic of discussion on wall street and elsewhere this morning, joining us now to talk about it, former deputy treasury secretary neal wolin. and i teased before you were the treasury secretary. how many days were you? >> i don't know, andrew, about 40 days or so. >> so why are you former treasury secretary? former deputy treasury secretary? >> 40 days. >> it was 40 days and 40 nights. >> we're going to work on your resume. >> 40 days and 40 nights. >> so good to be back with you guys. >> what's going to happen here? we had a congresswoman on earlier on the republican side who suggested that the democrats were the ones that were holding government hostage in all of this. is there any possibility for a compromise today? >> well, look, just when congress ought to be doing things to reinforce the economic recovery, seems to me

. >> carl icahn weighing in as well. he this had this to say on "closing bell." >> i think right now the market is giving you a false picture. the market tells you you're doing well but i don't think a lot of companies are doing that well. they are taking advantage of very low interest rates. so obviously you don't have to be a financial genius to understand if i can borrow at 3% or 4% and buy assets, maybe my own stock that's yielding 9%, 10%, 11%, i'm going to make a lot of money. >> now, if the market is fairly valued or fully valued, what does it all mean for investors now? joining us, john manly, chief equity strategist and david seburg. good morning. >> good morning. >> john, is the market fully valued? what does that mean? how do you view valuations here? >> that's a great question. i love the way you phrased. i think it's at the low end of valuation. markets are extreme live cheap it matters, when it's extremely expensive it matters, when it's in the middle, i don't think it's the driving force. >> are we're talk

. >> so talk about the arc here there was a time when the idea that carl icahn, and you studied him foriew with tim cook, not, could influence companies as big as apple? no. what the heck happen here? how can someone take a 1% in microsoft and get the ear of the company of what is going on? >> i'm very glad you're focusing on that it is an evolution of great significance. and have i lunch with bankers and lawyers all the time. >> right. >> i can't tell you how often this has come up lately where they're about to visit or had been visiting with the management or a board of a large cap company that is at least just wants to get filled in. who might be out there that might be interested, an activist, what would we do? what are the rules of the game. >> what if they just tell them to shut up? what happened? >> you know, it's boards paying much closer attention, and it is activists being better at what they do. and perhaps some, because, you know, we label them all broadly, activists. >> right. >> but a lot of them have different playbooks. and there are those that will be in the position fo

carl icahn is very long in the towel, giving up his big fight to take over the big computer maker, del just before they were scheduled to buy out on the company founder, michael del, icahn admitted it would be almost impossible for his rival proposal to prevail. >>> an ultraluxury retailer getting a new owner, privately owned neiman marcus, best money for his catalogues of high priced gifts, being bought out by the california owner and the canadian pension plan investment board. >>> and today, molex, maker of electronic companies, will be acquired by the privately owned coke industries for more than $7 billion, the deal diversifies the holdings, which include paper cups and dixie cups, shares of molex, more than 38%, 33 today, making it the best performi inin ining stock in th. >> and the investors focusing on double digit revenue growth and higher prices, seeing an increase in prices on the back log, a decline in revenue and cancellations, and that pushed the stock higher to 2.15. >>> and isis pharmaceutical, teaming up, to work with therapies that treat brain disorders, they have the

. >> reporter: maria, it's all about activist investor carl icahn. one of his bigger holdings, hanes celestial, he's taken some money off the table. he has disclosed a reduction in his holdings. he had about 15% of hain celestial stock and has cut that to about a 7% stake. we have seen it just weaker in the after-hours trading session, but keep an eye on the shares. carl icahn cutting his stake down to about 7.5%. >> all right, dom, thank you. >>> with military action against syria, you heard bob nardelli warn it could hit the economy. but will deal making by the white house to get the votes actually make it easier to avoid a showdown on the debt ceiling and the budget? president obama's former budget director peter orszag will weigh in on the potential surprising effect syria could have on the fiscal battles in washington. >>> then, the fed has been accused fd giving away money for nothing. some people think the actions have made for some dire straits. it's all of the subject of a new documentary, "money for nothing." later, i'll talk to the film's

billionaire hedge fund manager carl icahn never ceases to amaze.. and in his latest shocker--- he's calling off his bid to buy dell. icahn staged a scrappy fight against michael dell for the computer company.in a letter to dell shareholders monday- icahn wrote he's saddened at losing the battle,warned that michael dell - is paying 70% under the stock's 10 year high of $42.38, and the company is not likely to realize its full potential. icahn is losing the battle for dell because of a recent change to stockholder voting rules.. making it easier for michael dell.to win. dell shares closed unchanged yesterday-- shareholders "officially" vote on who takes control thursday. . in a rare move-- some hedge funds are lowering fees. a new report by money beat says it's because investors are disappointed in the performance of the funds. a high-cost fund typically charges a standard 2% of assets and 20% of investment profits. but now the average charge is closer to 1-point-6% of assets and 18% of invesment profits. since the financial crisis.. the funds have fa

carl icahn showing up on the scene. it's interesting, carl. dered raising his bid in the last week. that would have been real drama. but decided not to. time will know whether shareholders got a good deal at 1388 or whether or not in fact michael dell and silver lake managed to pull one out here. >> the hard work is just beginning. >> it's hard to think of many electronic consumer businesses that have come back as strong as that. >> still to come, he's made billions in the market where many people have struggled. delighted to say that deepak narula will join us in a few minutes. >>> interactive brokers, the professional's gate way to the world's markets. [ male announcer ] let's say you pay your guy around 2% to manage your money. that's not much, you think. except it's 2% every year. go to e-trade and find out how much our advice and guidance costs. spoiler alert: it's low. it's guidance on your terms, not ours. e-trade. less for us. more for you. >>> big news in the lodging industry, hilton is filing for a billion dollar ipo. it was one of th

. >> reporter: for those who want to keep the company private, echoing carl icahn who opposed the deal, even trying to fight it in court before throwing in the towel saying it would almost be impossible to win. >> i figure that we can't win, just too difficult. >> reporter: they thought the vote was skewed to michael dell's favor when they changed the voting rules after the last meeting altering the record dates and how extensions would be counted. on a call following today's vote michael dell said he was pleased. >> this is a great outcome for the customers and company and i'm more than excited to move even faster towards our goal of becoming the industry's leading provider of schoend to end solutions. >> reporter: while it's part of dell's next chapper it's up to michael dell to provide and execute a strategy to turn the struggling pc maker around. a lot of people think it's doable and michael dell will reap the benefit of that if it is possible. for "nightly business report," i'm jackie deorange laos. >> joining us to talk more about the chapter is jp eggers, professor of management