we were just talking about carl icahn.tweets in a letter to tim cook saying full letter disclosed on my website. shareholders square table, the full letter of what carl icahn wants from tim cook will be published tomorrow when carl icahn launches his website. he has used twitte twitter as ae to let the media, the public, shareholders, investors know about his plan for apple. he wrote about cordial dinner with tim cook, phone calls, the fact he wants to see the company do a big share buyback. we will see how tim cook responds to that letter tomorrow. take a look at the market right now. the dow down 15,398. take a look at today's action, it is a vague reversal of yesterday. remember we had jobs tuesday, a new thing for everybody with the government shutting down for three weeks. the jobs report coming out. what happened with many investors yesterday is they saw this and thought to themselves the fed if they don't get the 6.5% unemployment rate at their target, stimulus is going to go and go and go. there you go, there it is

speaking of carl icahn, we have a story with carl and apple. scott wapner is on the phone. >> carl icahn just tweeted a moment ago he sent a new letter to apple ceo tim cook. it's my understanding from a source familiar with the contents of that letter that it details carl's current position in apple. what we don't know is whether the position has gone up or gone down, but what i can tell you, again from my understanding, is that it continues to make a very strong case for the buy back. i think one can surmise if he continues to make the case for a buy back, that i'd be surprised if the position went down. so, it details where the position currently stands. it apparently unveils a pledge that carl icahn is willing to make to tim cook. and continues to talk about the buy back. now, it's going to be launched tomorrow. you'll be able to see it tomorrow as part of something that carl's rolling out called the shareholder square, where he wants to basically create a platform to get some rules changed in corporate america. he's made that clear on a nu

does carl icahn ratchet up his campaign for change? wo different opinions on the icahn strategy and what it's doing to apple. 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. even when we cross our t's and dot our i's, we still run into problems. that's why liberty mutual insurance offers accident forgiveness if you qualify, and new car replacement standard with our auto policies. so call liberty mutual today. and if you switch, you could save up to $423. liberty mutual insurance. responsibility. what's your policy? activist investor article icahn has become as much a part of the apple story of late. he is al

carl icahn trying to shake things up at apple, calling for that big buyback. as icahn makes his moves, should you ride his coattails? the "fast money" guys are going to talk about that. amazon reporting tonight. there it is, big winner, no earnings really in some cases. the stock up 95% in three years without really any earnings to speak of. but there are a bunch of other companies also on the rise where the profits aren't there. the risk and reward coming up. >>> and it's simply unbelievable. wait till you see what happens here. what archaeologists have discovered in italy. tom hanks, get ready. we found, we think, your next movie. sue, down to you at the nyse. >> yeah, it's a fascinating discovery, ty. "fast money halftime," as you said, had the interview of the day so far on cnbc with carl icahn just hours after he released that letter he sent to apple outlining his activist strategy. >> we feel tim cook's doing a great job, but we also feel they are not doing -- they're very derelict in not doing a buyback. if other shareholders feel the same way and tell u

of carl icahn.ugh about this financial engineering. apple should stay focused on making great products. stock will take care of itself. i also have to say to mario, completely agree, microsoft shareholders talk about firing bill gates, come out and say who you are and deliver your logic. this is ridiculous. >> let's stay on this topic for a second since you brought it up. thank you for the compliment. we appreciate that. you don't think apple should tell carl to stuff it, do you? >> you think they should do some -- >> first of all if you are the ceo of a public company and any shareholder who has that kind of money in the company, he has skin -- if i had a thousand shares, forget it. got a billion dollars, see it. >> pick everyone's brains. >> here is the thing. you don't have to follow his advice. >> icahn is a small investor. 15 massive institutions that hold a lot more stock than he does. >> we agree. $500 million company with $1 billion with a skin in the game. >> it is skin. apple is focus orde

do the people have the intestinal fortitude or is it all carl icahn. and that level that josh was talking about was 288. if google holds a thousand it eegs still good. >> we will have much more on this. carl aicahn selling a part of his netflix stake. the stock is moving in the after afterhours session. mike rowe here at a ford dealer with a little q and a for fiona. tell me fiona, who's having a big tire event? your ford dealer. who has 11 major brands to choose from? your ford dealer. who's offering a rebate? your ford dealer. who has the low price tire guarantee affording peace of mind to anyone who might be in the market for a new set of tires? your ford dealer. i'm beginning to sense a pattern. get up to $140 in mail-in rebates when you buy four select tires with the ford service credit card. where'd you get that sweater vest? your ford dealer. >> every time i read a story about netflix being the highest appreciating stock that was the exact headline we used to see in 2003. and you know you can definitely, we have a sense of momentum investors dri

and carl icahn making a killing on his netflix investments.en to sell as well as icahn does? now back to skochlt scott. >> thank you so much. >>> it's time for the "power pitch tournament of champions." six start-up founders today will get 30 seconds to power pitch their big idea to the world. each of the six already delivered a power pitch on cnbc that got high marks from a panel of judges. so today, the best of the best are back, competing head-to-head to become the power pitch champion. this time, the competition has won ultimate judge, entrepreneur, investor, marcus lemonis, of course, the host of cnbc's prime-time series "the profit." marcus? >> thanks, judge. i appreciate it. listen, on my show, "the profit," everybody knows three ps are important. people, process, and product. today, we're going to see companies that think they can demonstrate that. we're going to find out. i'll introduce the founders. a.j. forsythe from eye craft, and themuse. a.j., take your stand at the podium. you're up first. are you ready? >> i'm ready. >> are you

carl icahn. >> really? >> i think that was a quote from a while ago. >> he likes, you know, in his offices he's got some very beautiful paintings, the battle scenes and things like that. >> give me a higher stock price for apple? i can go there. >> i guess carl gave that line at a texaco annual meeting. >> oh yes. carl's just -- he makes it fun. >> he does. he really does. >> doesn't he make it fun? >> especially when there's not much else going on. thank you, carl. >> meanwhile, we want to get to bertha coombs, who joins us from capitol hill the. >> reporter: good morning, carl. the title of this hearing is implementation failures congress didn't know. today they are all finger pointing, deflecting blame, cgi, the key architect in terms of the hardware says the problem isn't them, the problem is software. quality software services, a unit of united health says it's not their software, which is used to help identify people and to help get them registered. part of the problem, they said, was a late decision

while the markets are falling a bit today, carl icahn is $825 million richer. congratulations. about a year ago, he started buying up shares of netflix in the $58 a share range. mr. icahn bought a total of 4, 291, 000. which led mr. icahn to tweet yesterday, quote, sold block of netflix today. wish to thank reed hastings, ted sa ran dose, netflix team and kevin spacey. mr. icahn still holds about half the shares he bought but the up withes he sold netted him $825 million. certainly not bad and perhaps one of the best trades ever, ty. >> all right. sue, thank you very much. dominic chu, he used to be a trader before he came to his cepses and came over to this side of the business. dom, what have you learned over the years about when it is time to get out of a stock you own? >> you know, it's interesting, you talk about all these different dynamics in the marketplace. if you have the big run that you've had in netflix and see carl icahn taking some profits, take a look at some of the other names we look at as traders that are star performers. the question becomes do these stocks h

i bounce a lot of stuff off of carl icahn. i like carl icahn. liz: can you do the imitation again?rlie: golly. we had a preinterview. that conversation was interesting because i had to leave out the expletives but you know what is interesting, he says it's the way it is, and i asked him point blank about him using the media particularly cnbc and bloomberg. if he didn't like what one guy said, would he go to the other guy? he didn't like what somebody said about him, he had an interview set up and went to bloomberg. he didn't deny it. he said it is what the president does, why can't i do it? i don't fault him for it. i fault them for being played like that, but i don't fault him. by the way, this just goes to show you if you are a journali journalist, you don't have to do kiss up interviews to get people on. as long as you treat them fairly. we gave him his shot. i asked him tough questions. but that is what we do here at fox business. liz: yeah. bill ackman. charlie: he doesn't want to come on. i e-mailed him, he says he doesn't want to do it. not my thing, he says. liz: okay. char

apple shareholders are loving carl icahn with a $400 million paper profit, though, in just a couple of months, is it fair for the average investor about these tweets? we're going to dig into it. how saudi arabia essentially guaranteed the u.s. oil boom will continue. boone pickens is here to discuss what i'm calling the saudi paradox. >>> and while you twist and stuff yourself into a coach seat seemingly built for no real-sized human being, the airlines are raking it in. perhaps, mandy, we should call this the plane pain game. >> i think we should. well, with today's gains, we are now back on track for three straight weeks of gains for both the dow and the s&p. and by the way, how has the market done since the d.c. deal to reopen the government? well, since october 16th, the s&p 500 has risen over 3%. >>> well, as brian said, carl icahn is at about again. he's once again trying to stir things up over at apple. he had had a lot to say on "fast money halftime." jackie is here to wrap up all of his greatest hits, shall we call them. >> good afternoon, mandy. well, another colorful carl ic

plus, charlie gasparino just wrapped up quite the feisty interview with carl icahn on apple and herbalifempanies mr. icahn heavily invested in. what did the billionaire investor have to say that gives you a window into what he's going to do next? charlie got it out of him unlike other business reporters. ♪ ♪ if you've got copd like me, hey breathing's hard. know the feeling? copd includes emphysema and chronic bronchitis. spiriva is a once-daily inhaled copd maintenance treatment that helps open my obstructed airways for a full 24 hours. spiriva helps me breathe easier. spiriva handihaler tiotropium bromide inhalation powder does not replace fast-acting inhalers for sudden symptoms. tell your doctor if you have kidney problems, glaucoma, trouble urinating, or an enlarged prostate. these may worsen with spiriva. discuss all medicines you take, even eye drops. stop taking spiriva and seek immediate medical help if your breathing suddenly worsens, your throat or tongue swells, you get hives, vision changes or eye pain, or problems passing urine. other side effects include dry mouth and const

one is carl icahn. she pushing for a major buyback. most importantly, there is a

should you be investing along with big players like carl icahn or is it better to sell the news? tim seymour, dan nathan. >> dan nathan? >> jim seymour. brian kelly. karen finerman. mike coe. >> i'm here, too. >> i always live you out. amazon and microsoft. both surging in the afterhour session. microsoft reporting earnings. 62 cents a share, topping estimates. let's start off with the big surge in shares of amazon. guy, interestingly, you did a bull/bear debate with stephanie link yesterday. you were the bear. you won. >> the market still continues to cut them -- you just said it. continue to have an operating loss. i think courtney reagan posted since they became a public company they've only made about $2 billion or so. which is staggering when you think of the stock move. they continually give these guys a break. and margins continue to improve. good for them. they're still doing everything right. at a certain point it will catch up to them. i thought it was going to be this quarter. i was wrong. much like google the other day, and much like one of the other names we spoke ab

we are talking about carl icahn, icahn enterprises one of the largest shareholders in netflix.'m not sure what they are up to. but before you try to follow them into the stock, bear in mind they started to purchase this stock at much, much lower levels. they actually had their big first significant reported -- this thing was below 75 bucks, most of that position was acquired below $100. so they've actually had it in the meantime i would think, if anything, they will start peeling out of it. 88 times earnings, think about it, even if they got their top line revenues in their space, if they get all the content up to the level that disney has, based on their current margins they are trading 35 times that number. >> so you are positioning for a downward move? >> i am positioning for a downward move. can't short the stock, there's a big short interest, plus carl's involvement. the answer here in high volatility stock, sell premium for that you are buying. i'm looking at the november march 275 calendar put spread. i'll sell the november 275 put for 4.50 bucks. i'll use proceeds to fi

we do not believe they're going to be pushed around by carl icahn. and we view their outlook very positively going forward on apple stock. >> rick, you spend most of your time on the fixed income side of the -- of companies and the capital structure. that means you're very familiar with capital structure. so talk to me about the advisability of borrowing to do what mr. icahn says. and if what mr. icahn is as simple as what peter describes, it does seem pretty simple, why doesn't every company do it? >> i think more and more companies are going to do it, tyler. i think we're in this part of what qe does, it allows companies to finance at incredibly distorted levels. and what's happening, i think you're going to see over -- certainly over the next period of weeks and months is that companies -- especially at the front end of the curve pretty darn close to zero after tax. more and more companies unquestionably will take advantage of it. >> let's move on to the broader market, rick. we've got a big rally in stocks right here. what's your recommendation i

speaking of carl icahn, i spoke to him last night. he told me about ackman's move and noting to carl he's made about $500 million on herbalife and said i'm happy i made the profit. i think his purchase of the options is a jush shus one because i continue to believe the company is meaningfully under valued. steve weiss, comment? >> never gets old. that's my first comment. such a great exchange. look, in my view and the view of a lot of others including carl, an irresponsible short position, such a big part of the float and so public about it and clearly he's saying you know what, i'm trying to manage my way out of this, like he did with jc penney he got out. i don't know what happens with the company at the end of the day but what i do know is, that this still will be pressure on the shares in terms of a squeeze going higher despite him getting out of a lot of that. >> all this run up on the thought that there was going to be this gigantic buyback and short squeeze. maybe ackman at the end of the day has price waterhouse to thank becaus

last night, apple's results, it plays into carl icahn's hands. it doesn't matter, his position is too small. absolutely not. they have a tremendous amount of cash. carl is going to force them to have the conversation. if the stock was up 60, 70, $80, the conversation, maybe less interest to listen to what he's saying more. >> i disagree. i don't think carl icahn has the typical impact that he's had with other companies. >> not necessarily ibm, but the cash. >> -- the conversation will be entertained, sorry, scott. >> what about the issue of what some people call financial engineering. people were down on ibm after the quarter, and down pretty hard, because the sales in china, i think, were down, i don't know, double digits, maybe 50% even. and people were down on the stock big time. so financial engineering enough, a big buyback is enough to get you interested in the stock? >> it's not enough to get you excited about the stock. it's the risk of -- it's the risk of being short to joe's point. you don't want to be short a stock that's got $148 billi

. >> carl icahn selling shares. we'll discuss the best time to get out of a stock. >> boeing raising its full-year guidance. on the flip side, caterpillar is falling after posting huge numbers, missed the street by a very wide margin, cutting hits full-year outlook. ceo doug oberhelman was on "squawk box" this morning. >> i've seen cycles over my 39 years. this one is pretty acute in mining. the rest of the business is hanging in there. >> jim, he said it's been a tough year, he'll be glad to see it go, he's still bullish, long term on mining but he doesn't know if it's this year, next year, five years, ten years. not a great, reassuring message by observ by oberhelman this morning. >> a third of the job cuts have happened in the united states, their projection for revenue for 2014 is up 5%, maybe down 5%. doesn't look like next year is the term. >> no, it doesn't. and this seems to be a growing perhaps disillusionment with management at this point. you haven't mentioned the foray into china that jim has spoken with

finance magazines about what to buy and when and buy on this pull back but i look at a guy like carl icahn who earlier this week sold half his very, very rich stake -- >> that worked out pretty well. >> that worked out well. but what he was doing there was executing on a sale discipline he had. how important for an investor the moment they buy a stock to know when they will sell it? >> well, ideally you would like to have an entry point and exit point and that's maybe more of a trade, but investors have to think to themselves, i have an idea in my mind whether it's through buying somebody's research or using our analyst here what is fair value? if momentum takes it above fair value, you should start looking for ways to peel off a little bit of the money you have, profit you've had, 20% of the stock, 50% of the stock but if it's a good quality stock you think has room to return in the long term, you don't want to completely cut out of that stock because who knows if you'll get back into it. >> which is what icon did, he sold half the stake he said earlier today in an interview, he said i ma

bill gross at pimco, really blasted carl icahn. you know what carl icahn, leave apple alone.l gates, spend more time helping people and not yourself. tracy: lizzie, you and i both know, share buyback is accounting trickery. >> yeah it is. tracy: it is same thing at the end of the day. >> you know what the other thing that's a good point you make. apple need that money. tracy: yeah. >> it needs the cashing because it is expanding in china. it is getting blasted by critics on wall street for doing constant upgrade and doesn't really have a good, feeling on wall street, the pipeline is running a little bit dry of the we know apple tv is coming but upgrades of products into infinity you can't do forever, right? so it needs the cash. ashley: icahn's argument is if you sit on the massive pile of cash at least do something for investors and provide more buyback of the shares to give them more value. >> he is saying you could borrow in the bond market at 2.3%. i get what he is saying. tracy: if they have the cash why go there, why do it? >> already returning 100 billion to shareholde

so carl icahn at it again.are up big on that particular tweet. >> maybe no surprise. there are very unusual activity here? >> always even into today. stocks under 12 just last week traded over 12. i have been talking about this energy space. obviously this is a different set of circumstances all together with carl tweeting about this. a lot of options throughout the entire. >> prior to this pop in the afterhour session, the regular session was up by 4.6%. >> sniffing around the options. pete talks about that. completely under per fore mans. and quietly slowly it's starting to really regain and starting to catch up to its peers. exxon is doing nothing and hovering around this level forever. >> i will add one more thing. a lot of buying if you look at the filing it has the most recent 60 days. the refiner space. >> let's move on to the next trade. they are the most volatile stocks. there are some companies that are typically very volatile. tweets move the stock. it's a very volatile stock. averages a move about 1

carl icahn sells a big stake in netflix. there's always a bull market somewhere and i try to find it right here you on "mad money." i'm jim cramer and i will see you tomorrow! disastrous obama care web site and call center. tech experts from company like verizon are joining the effort and former omb director is now in charge of the big fix. the focus on the technical problem misses the big picture. obama is a wealth redistribution program and it ain't going to work. and speaking of work, today's tepid job report for september makes it plain the economy is slowing. economy may be even softer. and here's a new irs scandal. turns out the government paid out at least $110 billion in bogus tax credits over the past decade. a major culprit, the earned income packocome tax credit. all those reports and more coming up in "kudlow report" right now. >>> good evening, everyone. i'm larry kudlow. this is the "kudlow report." weep are live at 7:00 p.m. eastern and 4:00 p.m. pacific. we want to give you the latest with the problems with t

i've been talking to says bill gates has alan mulally high on the list including paul maritz. >> carl icahnack. what should he do? highway should he handle icahn? back with jack welch talking about that. were you surprised carl icahn came out all guns ablaze wanting change, investor moves? >> i hope tim cook doesn't take his eye off the long-range strategy for apple. look, activist investors are getting a lot of money now. a lot of funds are jumping in and supporting them. you don't have to look any further than jcpenney to see what some of them can do to cause a train wreck. and ackman a k akman and his li at jcpenney cost hundreds of thousands of people their jobs, in the process of destroying an old icon. it's a tragedy that activist investor made every bad decision you could make to sink an american company. >> you think an activist investor will be helpful for all shareholders -- >> all stakeholders, employees, et cetera. >> that's a great way to put it. so, what went wrong, then, with jp -- with jcpenney, pardon me, that all of a sudden it caused so much disruption? >> they had a revo

listen, carl icahn is an investor, i am sure a very nice guy. but icahn? think about it. is an icon. great investment record for warren buffett. carl icahn used to be known as a guy who invest in a company, tells his investment, goes out there as an activist and guess what, the stock goes up as he promotes his position. that is not an icon, that is a green mailer or a savvy investor. dagen: i want to bring that term back. >charlie: gordon gecko. a great scene in the movie. connell: who are you hitting harder, the journalist? or facilitating carl icahn? >charlie: anybody who buys this guy stinks. on "brand x" put it in context. what kills me is you see these reports about carl icahn invested in x, y or z. we see this, and it is not really the context is there. i think that is worse than him saying can you give me a freebie. if i ask you to give me a freebie and you give it to me, what is worse, me asking or you doing a? dagen: very well put. connell: we will look for this one on the net later. charlie: icahn and icon. connell: did you see who is on next hour? mark cuban. c

nicole, give me the price now and tell me about carl icahn selling.e it is yesterday, 389 and change, today, 320 bucks. a drop of nearly 1%. the story with carl icahn, the billionaire investor, he is cashing out. he sold yesterday-- he sold over 2.4 million shares, obviously, now made a killing on this one. in the meantime, he talks about that the one behind this decision, he says it balances out at least in part his worst investment ever, which is the same sort of one, blockbuster back in 2004. so i guess he tried to give it another go in the movie world and this was a lot more successful for carl icahn, big returns on netflix. stuart: his son went with new tech and went big. the dad went with old tech and lost big. i think that's pretty good. >> i don't know if that's good or terrible, but that's just so telling, yes. stuart: it is, isn't it? thank you. shah galani is here and before we playoff onto the whole tech arena, you've been on this program talking about about netflix. you didn't like it approaching 400. do you like on the way down at 319? >

start with carl icahn, the billionaire investor on twitter saying he had, a quote, cordial dinner withion buyback, saying they'll continue their dialogue in three weeks. icahn saying in april apple announced a massive stock buyback program, $60 million. by june, apple bought $16 billion worth of its stock. he wasn't the only one talking about twitter this morning. we also had bill miller on cnbc's "squawk box," talking up apple. take a listen to what he had to say about apple. >> it's the biggest no-brainer in the history of the earth, right? i think that's what apple is right now. it's like it just makes no sense for apple to trade where it is, seven times enterprise value to free cash flow. 14%, free cash flow yield in enterprise value. 10% simple free cash flow yield. if apple was a junk bond, it would trade 40% higher. >> apple in the green right now. down about 9% this year. hit a low of 385 on april 19th. but up just about 26% since then. guys, back to you. >> thank you very much, josh lipton. the big story, of course, is the senate voting to kill the latest house bill on the gov

don't worry about carl icahns of the world. stick to your game.t where you have the conferences where you wow us with five different colors. they don't need to try every other week and leave us feeling flat because almost every time that tim cook stepped out there i think for the last year or so -- ashley: people want something revolutionary. that is the problem. they're retooling what they already put out. >> exactly, exactly. ashley: they're not excited about that. >> the little tweaks are not move moving the stock. but a pure valuation play at 700 you could argue it was you know valued, you know? ashley: thanks, charles. coming up to quarter past the hour. time to get a check on these markets. nicole petallides down at nyse. nicole, what have you got, what are you looking at? >> watching the s&p 500 which is hitting and gaining new highs today. we'll watch that to the closing bell. petrobras, think of oil there in brazil, look at it now, it is up eight 1/2%. what happened recently, they're discussing a new fuel pricing strategy which will allow

buy low, sell high, worked like a charm for carl icahn and his netflix take. is back looking at three other beaten and abandoned stocks that could be set to take off. dom? >> you never know who is going to be the net netflix but one stock that could be a candidate $50 it's down 16% over the last quarter, but could it be due for an upside breakout? more details on what this stock is next after the break. keep it right here on cnbc. >>> billionaire carl icahn made a 400% return in just 13 months on his netflix investment being the stock when most were heading for the doors. dominic chu has three other stocks and he's been looking at that could go from ugly duckling to swan. >> here's the thing, we don't know exact what's going to happen, nobody can read the future but money managers look at factors, things in combination that can pick the right stock. one of the things they look at is price to sales which we looked at and another thing is what's the momentum. so here's an interesting one because we showed you this before the break. a $50 stock. here's the intere

still a minority shareholder in apple so we'll probably see, stuart, more letters like this from carl icahnbuyback underway. stuart: apple owns 4.7 million-- 4.7% of the company. stuart: if apple did a whooping buyback, wouldn't that raise the value of icahn's stake? obviously he's being self-serving here, but working on behalf of shareholders? >> yes because when you take more stock out of the market, it raises the earnings per share and that tends to pop it higher. the problem is eating up apple's cash hoard that it needs to expand, right, because it's being dinged for basically upgrading, it can't upgrade the existing products into infinity. people are disappointed by that. the idea is for apple to expand into china and it needs the cash pile to do that. stuart: i find it fascinating that a guy, an individual guy, even though he moves billions of dollars should be going at apple of all people, the world's most valuable company, at least a year ago. liz, stay right there. i've got a lot more stuff for us, seems there's no stopping this tech rally, what about other sectors, is that a decen

carl icahn bought into his state he is already $400 million up and he has the nerve to do a buyback?e right? >> this is the unforeseen problem that was the other problem but it opens the door to wall street. and it is cheap and evaluations are low. for the stock to take off because of engineering. i don't want to bad mouth him people will benefit but i highly doubt this is more than any of peru. it reality the way they are being ryan and in this case the way the stock purchase is relative. >> now the stock is finally taking off but it is hard to grow that forever to become $1 trillion stock. there is no solution to solve the problem beyond the watch the of cuff link. >> talk about that. this is the era of the mouse that roared. i have never seen such a tiny stake in big companies that pushes so much change. it went up half a percentage point there is a lot of investors that say the same thing. others are not quite as nosy -- noisy but who cares. but these portfolios and they should not. if they buy half of that thing you can play in your own people but that is not what they have. the

they may not want what carl icahn wants. what you want is to see a reacceleration of growth.erated revenue growth or arg and bristol has got it. >> the story overall for the q-3 earning season, eps growth, about 2.3. we began the quarter, estimates were still at 6.5. so is it your sense that earning season is turning out to be a disappointment. >> i think it is relevant to the domestic product. it is okay. we have had a slowdown of gross domestic product. a large part because of all the problems in washington. it is difficult for many of these companies to grow that much more. i think this mortgage rate we are still living with the mortgage rate spike. we still don't have housing back on its game. i know that some companies that sell into housing are doing better. you lost that terrific prop. maybe it can come back. i know pulte had a decent quarter but it was because they made more money per home, not because they are selling more homes. gasoline cob a savior for retail. we have a week less in the holiday season. so i think ge has kind of slowed and the company, very hard to

optimistic about ceo chip brewer's turn-around efforts over there. >>> busy week for activist investor carl icahncahn enterprises netting huge profits on his netflix sale in a near perfect trade. increasing his position and presence in apple. mary thompson has been looking at icahn and his company. mary, what makes this guy tick? >> oh, i think making some money, that's what makes him tick, tyler. two years ago icahn shuddered returning money to outside investors but still people can get a piece of his activist action investing in icahn enterprise. icahn associates owns 88% of it. over the last year up over 147%, up over 800% over the last ten years. the easiest way to think of this mlp is seeing it split into two segments. first holding company with stakes in what icahn thinks are undervalued company like cvr, federal mogul, tropicana and american railcar. the second segment, these are the investments. they account for 30% of the mlp's assets. icahn funds these investments, chosen and managed by a group of professionals, including his son. here icahn takes big stakes in firmed where he can ung c

even carl icahn sold about half of his holdings.yes, because of the way momentum investors evaluate stocks, netflix is good until it's bad. it soars until it crashes. remember, there are always a couple of stocks like this in the stock market at any given time. this one has lasted longer than most. i have said that netflix should be bought by apple. that was when the company had market cap of $12 billion. now that it's almost doubled from there, we know you're buying it for the idea that the company might be acquired. you're buying it for one reason and one reason only. someone else will buy it at an even higher price than you, you hope. as long as you can remember that rationale, as flip as it might be, you'll be just fine. when we made our commitment to the gulf, bp had two big goals: help the gulf recover and learn from what happened so we could be a better, safer energy company. i can tell you - safety is at the heart of everything we do. we've added cutting-edge technology, like a new deepwater well cap and a state-of-the-art m

we'll ask him about apple, how they should handle carl icahn. >> plus a lot more with jack welch. stay with us on that. >> i bet jack has an ipad air already, by the way. >> folks programming and building the obama care website knew it was not ready to go. we have the reporter who spoke with insiders. we will speak with him and try to find out why the white house still insisted on launching the site despite those internal warnings. they have to clean up a big mess right now. >> the dow jones industrial average up at 97 points, inching back to the highs of the day which will reach about 10 a.m. this morning. 15,488, last trade of the blue chip average. nasdaq, gains once again, moving forward. 11 points higher, to 3930. s&p 500, unchartered territory once again, up 11.75. obviously, if we close here we'll continue to hit an all-time high. bob pisani, looks like bad news is good news again for the market. a weak jobs number means the fed keeps the pedal to the metal. >> for a long time. estimates now that the minimum some believe it's march, some believe the fed won't begin tapering

a lot of people say it is a short squeeze inspired by carl icahn.he went long and promoting the stock. we should point out bill ackman can go to to toe with him on the whole leaking promotions stuff, market manipulation. i will say this, for traders that chase headlines and for people out there that are generally our viewers are not just the traders, but long-term investors. don't trade off this news. if you believe th herbalife is a good company-- liz: didn't he say the shakes tasted? charlie: that was me. that was a joke. i said bill ackman has new information. think about it, he leaked a headline that he has no information on herbalife. what could it be? by the way, if he really does-- liz: a supply chain issue. speacharlie: if you have new information, bill ackman should be able to put that up and not manipulate the stock. not leak a story where the market moves on alleged new information. for all i know it is a new interpretation of old information or a supplier. who knows. but if you're going to leak this information, after putting out. do we

i don't think icahn has anything to do with it. i'm not betting against carl. >> the product as loan, ipads a highly sought after device. >> look at financial statement of apple, forget about the products for a second, this is what mr. icahn's looking at, it's unbelievable business. it's spinning off tons of cash, they're dominating their space. and there's the thing about apple that most people recognize, it's still the coolest. yes, samsung's come up with product but was apple's the coolest. if they innovate in the different product categories it could be a home run stock for '14. >> a quick stock, everybody, on the ecosystem. >> buy apple. if you like apple, buy apple. as far as trading into earnings, last 28 quarters it's beat 56% of the time. average gain on a beat is 4%. average loss for the stock on a miss is negative 4%. >> armh, buy that. >> qualcomm, doing great. finally going through 17 and stay there. >> next, tony james selling blackstone stock this year. should you be buying what he's selling or a sign to get out? investors worried about correcti

david: i remember carl icahn talking about they make a lot of good stuff. to anybody who has grown up in l.a. sees the bumper stickers that say herbalife, ask me how. how do they do it. jumping in the aftermarket session and again we want to reiterate that have added the doctor to their board. i know you saw that. having been an important focus during the 2002 administration. >> i guess so. new board members don't bombay stock. it has to be some cold cash coming in which clearly it is here. david: nice bump after hours. liz: a deep dive into apple earnings. whether the stock will ever top $700 again. david: even more problems over the weekend for healthcare.gov. the perspective from a guy who knows a thing or two about websites. founder of overstock.com, his prescription for obamacare coming right up. i'm sorry, i'm just really reluctant to try new things. really? what's wrong with trying new things? look! mommy's new vacuum! (cat screech) you feel that in your muscles? i do... drink water. it's a long story. well, not having branches let's us give you grea

. >>> carl icahn sold half his stake in netflix this month.hn says he bought the shares around $58. so based on the sale price in the filing, he made a cool $826 million profit. yes, my director just issued a response to that. icahn cites the appreciation in netflix stocks to the sale, but points out the company is still undervalued. in a tweet, he sank the ratings management and last but not lease, kevin spacey who stars in house of cards, which is actually based on a uk series from about 15 years ago. >>> now, twitter meanwhile has revealed it's secured a $1 billion credit line ahead of its ipo. the company disclosed that its underwriters, goldman, morgan stanley, jpmorgan bank, american dwoich ya arranged the deal, but it hasn't tapped the money. twitter is expected to begin its investor road show on friday. >>> first it was long coming, then it's new york. but perhaps london isn't down and out. alibaba could still be listening on the london stock exchange to raise about $105 billion. there are now reports that suggest high level meetings h

i think the answer is no, he would not have met with carl icahn. >> maybe they did meet.ten minutes ago, before the closing bell rings. >>> we leave it to the greatest generation to best the government shutdown. check out this video, a group of world war ii veterans crossing barriers at a closed memorial in washington, d.c. today. more on this incredible moment and what else the shutdown has actually shutdown coming up. >>> also ahead, the last government shutdown in '96 saw then congressman barney frank in the house minority. frank has retired but the dems are the minority once again. coming up the legislator offers lessons learned and how they can apply them. stay with us. it's as simple as this. at bny mellon, our business is investments. managing them, moving them, making them work. we oversee 20% of the world's financial assets. and that gives us scale and insight no one else has. investment management combined with investment servicing. bringing the power of investments to people's lives. invested in the world. bny mellon. >>> all right. welcome back, we want to con

that would be activist investor carl icahn who wants that huge 115 billion stock buy back. this is the place to be for instant information and analysis when those numbers are released in an hour. >> forget the glitches. it's when the new health care law actually works that many middle class americans are feeling the pain. citizens using huge and unexpected increases in premiums. two of them are with us. >> one premium went up ten times. ten times. >> that's amazing. >> it's been a trading day for the dow. we're up 16 right now, just off the highs at 15,586. they're just waiting for the apple numbers, the fed meeting this week. we're halfway through earning season, so a lot more to come. nasdaq has been trading a little lower here. similar trading pattern. down a fraction at 3943. the s&p, as maria mentioned, any positive close would be another new all-time high following a three-week win streak for that ind index. up 4.25 at 1764. >> will we or won't we close at another all-time high for the standard & poor's? let's check in with bob pisani. >> it's very cautious. we're hit

and hedge fund manager carl icahn tweets he may have conversations with management regarding strategicalternative and board seats. the stock rose sharply after hours of closed regular session, up 4.5%. >>> and stocks already getting their first buy rating. the analyst robert peck from sun trust robinson humphrey recommended his clients buy shares from twitter, saying they will trade at 50 apiece next year. why the rosy outlook from a stock that has not been priced yet. >> you got into double margins. they have invested heavily. i think you will see more of the profitability come out now over the coming years. >>> and sun trust bank is not involved in twitter's initial stock offering. >>> if you're looking to trade in your older iphone for a new one, two major stores made it easier, walmart and iphone, this is the one with the plastic backing that comes in five bright colors there. starting saturday, radio shack customers buying a 5 c will receive a $50 gift card used for their $90 phone. walmart is lowering its price to $40's saying the discount will last through the holiday season. >>

. >>> on the "cbs moneywatch" now, carl icahn wants apple to dig a little deeper, and putting the brakes sales. gigi stone is here with that and more. good morning, gigi. >> good morning, anne-marie. asian markets were mixed amid concerns the u.s. government shutdown will lead to standoff in debt ceiling negotiations. tokyo's nikkei fell 2%. hong kong's hang seng added half a percent. but the first day of the government shutdown didn't seem to impact investors on wall street. the dow finish the day at 62 points. the nasdaq climbed 46. >>> it was technology stocks that lifted the nasdaq to reaching a milestone in a recovery from the recession. "usa today" reports it's the first of the big indices to triple in value from its march 2009 low. the tech-heavy exchange received much of its gains from surging pharmaceutical and retail stocks as well as new companies such as facebook, linked in, and yelp. icahn says he wants to buy back apple stock. he believes the company is undervalued, with the stock price down 30% at its peak, turning it into a bargain. it comes following a dinner meeting wit

i appreciate carl icahn he's been polite about this and thank you. i did say something about time and i said mr. icahn and myself and all of us, you too, you and mandy, should spend more time helping others as opposed to necessarily writing checks. now that you bring it up, my wife sue and i have our own andrew carnegie pledge. not the buffet pledge but andrew carnegie pledge, to give all of our money away before we died. carnegie says a wealthy person dies disgraced if they go to their maker with one penny. sue and i are on our way. that's the money part, hopefully not the dying part. >> good charity work. bill, i'm glad to see the government shutedown end because people can see your stamp collection in d.c. that was the biggest downside of the shutdown personally. >> thank you. >> thank you. the dow is if now officially down by triple digits. the fed can't win, do as expected, markets sell off. >> bill might have moved the stocks down when he said there's every asset class looks bubbly. >> and also ahead we'll get another check on what gold is doing