legendary activist investor carl icahn says warren buffet is wrong about coke.xt we will speak live to mr. icahn about his bold stand when the halftime returns live from the sohn investment conference live in new york city. ♪ ♪ over 1.2 billion eyeballs are on us during the two weeks at wimbledon. true tennis fans want to know what's happening, they don't want to just see what's happening, they want to know and understand why it's happening. anybody can just put data up, but we want to get a reaction, make it far more interactive. we rely on the cloud to provide that immersive digital capability. [ cows moo ] [ sizzling ] more rain... [ thunder rumbles ] ♪ [ male announcer ] when the world moves... futures move first. learn futures from experienced pros with dedicated chats and daily live webinars. and trade with papermoney to test-drive the market. ♪ all on thinkorswim from td ameritrade. female narrator: the mattress price wars are on the mattress price wars are on at sleep train. we challenged the manufacturers to offer even lower prices. now it's posturepedi

the suggestion is carl icahn tipped him about his bid. the high-profile investigation is significant, considering the government's recent successful track record against insider trading. there have been 85 convictions out of 90 people charged by new york prosecutors over the last five years. >> the goal of a lot of these cases is to deter other people from, you know, engaging in insider trading, so people see high-profile investors getting caught for insider trading, it will deter them from doing it as well. the flip, side, though, the fact that this story leaked could hurt the government's case, because now they're not able to sort of secretly gather evidence. >> both carl icahn and phil mickelson is telling the journal, quote, we do not know of any investigation. we are always very careful to observe all legal requirements in all of our activities. now, phil mickelson's lawyers saying phil is not the target of any investigation, period. meanwhile, billy walters is declining to comment. investigators will look into the relationship betwe

the suggestion is, carl icahn tipped them beforehand about his bid. phil mickelson saying today, he's innocent. i have done absolutely nothing wrong. i have cooped wirated with the government in this investigation and will continue to do so. i wish i could fully discuss this matter, but under this current circumstances, it's just not possible. carl icahn is denying there is an investigation. walters is declining to comment. the high-profile investigation is significant. considering the government's recent successful track record against insider trading, convicting 85 out of 90 people over the last five years. >>. >> but ultimately, you know, one major part of our economy is, you know, access to free markets. and so if certain individuals who are rich and powerful are getting an advantage, you know, that's what the s.e.c. is trying to crack down on. >> investigators are reportedly also looking into trades phil mickelson and walters made in 2012 related to dean foods company, though those trades appear to not have any connection with carl icahn. arthel?

warren buffett versus carl icahn. target's ceo says good-bye, and amazon faces off against google on same-day shipping. that's coming up in today's power rundown, next. over 1.2 billion eyeballs are on us during the two weeks at wimbledon. true tennis fans want to know what's happening, they don't want to just see what's happening, they want to know and understand why it's happening. anybody can just put data up, but we want to get a reaction, make it far more interactive. we rely on the cloud to provide that immersive digital capability. became big business overnight? ♪ like, really big... then expanded? ♪ or their new product tanked? ♪ or not? what if they embrace new technology instead? ♪ imagine a company's future with the future of trading. company profile. a research tool on thinkorswim. from td ameritrade. a reseatoday is mondaynkorswim. today, we greet you. treat you. care for you. today, you can come to cleveland clinic for anything, everything or just to get that "thing" checked out. big, small, and yes, the

you're talking about carl icahn, phil mickelson, icahn, one of the most powerful, vicious people when it comes to business. he is known to be ruthless, attack dog, activist investor. >> investigators also are reportedly looking into trades mickelson and walters made in 2012 related to dean foods company, though those trades appear to have no connection with icahn. >> brian, thanks so much for bringing us those te death tail -- those details. if these allegations are true, why would these men, all extremely wealthy and very successful in their respective fields, even take the risk of insider trading? business ethics lecturer and prosecutor wendy davis is going to join us later in the show to discuss that. >>> meanwhile, little basketball news. donald sterling refusing to be clipped clipped. the owner of the l.a. clippers now suing the nba for $1 billion. the league is forcing him to sell after it banaled him over racial comments. now, the nba calling the lawsuit, quote, predictable and entirely baseless. meanwhile, his wife is in control as questions are being raised over sterling's me

that is a big jump, 16.3% jump in carl icahn's stake in apple.s to netflix he decreased his stake in netflix. looking at netflix's stock, carl icahn decreasing his stake in net flick. finally made a big move in herbalife to 17 million shares his holdings in herbalife. carl icahn is filing like crazy in after-hours making big moves in big companies liz and dave, you both know but those are three main headlines crossing right now. david: thank you very much, cheryl. liz: the s&p futures are closing right now. let's head back to bob iaccino in the pits of cme. how does it look? >> a little bit of short-covering into the close but knowing really to write home about. interesting you mentioned in the 10-year note, keep eye on that. you have a interesting situation for fed and janet yellen. they want to end qe and rates are actually going lower. anyone structuring strategies around more qe coming, it is not coming. liz: thank you very much. bob iaccino. david: on a day like today you would expect the vix to spike as it did about 8% but throughout the ma

and the fbi are looking at possible insider trading involveing bill year investor carl icahn las vegasphil mickelson. >> suspicions began in 2011 when icahn made an unsuccessful bid to bi-color red sox. so far the three men have nod been charged with anything. >>> now to the still unfolding health care scandals at the veterans affairs administration. they've forced out eric shinseki and if some lawmakers get their way, there's more to come including possible criminal charges. mark albert is at the white house. good morn mark. >> reporter: good morning. shinseki had been one of the president's original members. he praised the four-star general to reduce homelessness among veterans and to slash the backlog of disability claims but the secretary became embroiled in a scandal over whether secret waiting listing kept veterans from getting care they need and were covered up. yesterday he spoke to a veterans group saying he had been mislead. moments later he arrived at the white house and offered president obama his resignation. the president accepted it with considerable regret. >> we want s

carl icahn might not like that.ou think about that. >> i don't think carl necessarily asking cash to be given back to the shareholders is asking just for an immediate amount of cash. he is also asking for the proper balance. does apple need cash? absolutely. how much is the open question. that is not only thing. david: not only thing but if carl icahn was to choose between immediate jump in the share price or delay of a year or longer than that because of investment in the company i would assume he would take a jump in the share price? >> i would say if you look at activists a whole, carl does a lot of great things, if you look at activism, a much more common thing people are asking for is board seats. value invest something what activism is about. what berkshire hathaway does in a different way. they're looking to make a value play where they think the company is worth a lot of money but current board is not unlocking it. cheryl: those that criticize activist investors like mr. icahn or ackman, what they say they h

breaking news on herbalife, more on this at the center of the war between bill ackman and carl icahn. short, one long. charlie gasparino giving us that exclusive a new era of health care with the biggest between pfizer and others. who is next? which sectors are poised to move ahead? who better to ask than citigroup institutional vice-chairman. what he thinks the next flurry of activity will be exclusively on fox business. up. a short word that's a tall order. up your game. up the ante. and if you stumble, you get back up. up isn't easy, and we ought to know. we're in the business of up. everyday delta flies a quarter of million people while investing billions improving everything from booking to baggage claim. we're raising the bar on flying and tomorrow we will up it yet again. tigers, both of you. tigers? don't be modest. i see how you've been investing. setting long term goals. diversifying. dip! you got our attention. we did? of course. you're type e* well, i have been researching retirement strategies. well that's what type e*s do. welcome home. taking control of your retirement?

carl icahn, phil mickelson, icahn, one of the most powerful, vicious people. he is known to be ruthless, attack dog, even activist investor. >> they're going to look at trading patterns and activity and the investigation comes at a time when the government is increasingly focusing on insider trading. there have been 85 convictions out of 90 people charged by the new york prosecutor's office on insider trading since august 2009. >> all right, thank you very much for that update. >>> well, it's been a tough week for the commander in chief. president heads to west point to lay out his foreign policy plan, but some of the military and other critics claimed it lacked vision. also, the president dealing with the resignation of two high pro file people who the president hoped would stay on. after the break, warren williams will be weighing in on this week and what's ahead for the future of the white house. and a pilot whose passion for flying turned into a career that had him flying high on marine one. taking care of four presidents. >> we lift under the flight path

we don't know the real extent of the relationship between carl icahn and mr. walters. only that carl said i know who phil mickelson is, but i've never met him. >> does he talk at all about phil mickelson's role? did he say he may have known mr. walters? or did he just say, look, i don't know the guy? >> he just said, i don't know the guy. it's interesting that we're talking about a very high-profile story. there have been a number of insider trading cases that have developed over the years surrounding some well-known people and well-known investors we cover on a regular basis, but this has really ris be to a different level. talking about what the fbi and the ftc are taking a look at. you've got the richest guy on wall street. carl icahn's worth $20 billion. you have one of the most recognizable athlete notice world. who literally is on the golf course as we speak at jack nicholas's tournament out in ohio. one of the lead-up events to the u.s. open. he is on the golf curioourse as speak. >> so, scott, what do you make of phil mickelson saying, look, i'm cooperating full

engineer in the in the world, carl icahn.sed the dividend and the stock split and the huge buyback of stocks and a buyback of stock is so desceceptive for investors because it actually increases the earnings per share because it reduces the number of shares outstanding and that's so important for people to realize. i believe that a -- >> apple is not doing that right now. >> they are all doing that. >> so many companies are increasing their difficult den. they are not spending on new factories. they are not hiring more people. they are increasing buybacks, doing all the things that apple is doing right now and it's working. the stock is going up. >> and the stock market is going up because of that. do you know that the stock buybacks of companies of the old stock is the only big buyer that weave seep for the last five years. every major group of buyers, institutions, so on, have been net sellers of stocks in the last five years. only corporations buying back their old stocks has been a big buyer, by $1 trillion a year so that

the stock has been in rally mode the last couple of weeks in part from bullish remarks from carl icahnand leon cooperman. should you follow them? >>> find out which stock's invesco's ron sloa nrn is makin with his 20 billion, with a b portfolio. mine was earned in korea in 1953. afghanistan, in 2009. orbiting the moon in 1971. [ male announcer ] once it's earned, usaa auto insurance is often handed down from generation to generation. because it offers a superior level of protection. and because usaa's commitment to serve current and former military members and their families is without equal. begin your legacy. get an auto insurance quote. usaa. we know what it means to serve. for what reality teaches you firsthand. in the face of danger, and under the most demanding circumstances. experience builds character. experience builds confidence. and experience... has built this. the 2014 glk. the engineering and the experience of mercedes-benz. see your authorized dealer for exceptional offers through mercedes-benz financial services. >>> apple breaking through the $600 mark recently now tra

a number of big investors making fuse this week with their filings him one of those investments carl icahnn the first quarter. by now, has he got enough entirely? dan, what kind of movement are you seeing? >> here's the thing with these 13 fs, in q-1 he sold 15% of his position. that was a position he owned 100% of more last fall. one of the things that was interesting, mr. icahn was the largest shareholder. he got into netflix two years ago when it was below $100. why do we are focus on the stocks so much especially in this high valuation sell-off we have been in. it's kind of like the poster chald child for it. look at october of 2013, this was one day after they reported their q3 rules back in okay. what happened? right here, mr. icahn tweeted out he had sold half of his position. now, he had a fabulous gain in that. look at that. >> that stock went down. it had a 20% reversal peak-to-trough here because he was getting out. a lot of people were riding his coat tails. let's move forward. last month the company reported a better than expected q1. the stock sold off again, almost 20% after

all the ceos pay because that would make him happy but i would rather stick with innovators like carl icahngio brena and larry page... alan: 257 times the average wage of their employers. scott: it's the most democratic thing you could do. don't buy their stock if you don't like it. how about that? it's the democracy which you fight for so much just don't buy the stock! alan: that's up from 190 times the increase is bigger 10% last year alone... scott: let the government do it. they know better than you do... alan: the reason there's no inflation is because there's no wage inflation for employers unlike the ceos. angie: round number 2: pound polls. the u.k. has become a corporate haven for lower taxes but the british pound is up more than 13% in the past year. what's your pound play? scott: i'm going to stay long the pound. i actually happened to live in the u.k. i have a british passport and for the years 1990 to 2001 alan: hey the airports right over there my friend if you want to leave... scott: and standing next to alan it makes it the ever more possible. i've seen it as low as 135 and

>>> new at 11:00, federal investigators looking into a trader scheme involving paul mickelson, carl icahn and a gambler. the fbi and securities and exchange commission are seeing if they traded stock based on information from icon about investments. it started three years ago. after icon accumulated a stock in clorox, he's not aware of an investigation and careful to follow the law. >>> a former uc berkeley research administrator is accused of using uc berkeley as her personal bank account. 36-year-old sonia waters stole nearly $100,000 for a research project and used it to buy computers, american express and visa gift cards and pay for her children's private school tuition. she's facing charges of felony theft and embezzlement. in 2009 she pled guilty to embezzling from a san francisco company. they didn't know because they didn't run a become ground check. >>> a discovery in the middle of a bart expansion project. workers uncovered the remains of native americans. crews also found some near the new tracks by the great mall. this happened two years ago. according to the protocol, the ann

will carl icahn-style activism become the new norm in europe? i don't think so. want to bring in the chief investment officer for elian's in europe. activism in europe? i don't see the likes of a carl icahn orbital acumen -- or bill acumen kicking ass and taking names over there. >> i don't, either. rsu are seeing manage becoming more activist. in a lot of industries ui seeing companies spinoff divisions that were nice to have but didn't really do anything to the core competence of the business. >> are there companies that need outside activism? there are families there who have been that led companies for generations will stop -- for generations. are they the perfect end of company to go after? >> some of them really are, as you say, and the stone age. but the volkswagens of this world are leaders in what they do because they have family ownership that takes a 20-year view. not a 20-minute y >> what is the distinction between shareholder laws in the u.s. versus europe? are they nicer there? >> actually, they are not nicer. the ways its to shareholders to become

one of of those investors, carl icahn has disclosed he sold a chunk of his netflix stake in the first, but by now has he gotten out entirely? what kind of movement are you seeing? >> here is the thing with these 13fs, you have no idea what people have done. he disclosed in that filing in q1 he sold 16% of his position. that was a position he owned 100% more of last fall. and so one of the things that's really interesting, mr. icahn was the largest shareholder. he got into netflix two years ago when it was below $100. and i just want to show some of the price action. why do we focus on the stock so much, especially in this high valuation stock sell-off that we've been in? it's kind of been the poster child for it. let's look back. this is october of 2013. look at this day. this was one day after they reported their q3 results back in october. what happened? right here mr. icahn tweeted out he had sold half of his position. he had a fabulous gain in that. look at that. that stock went down. it had almost a 20% reversal that was peak to trough here. just because he was getting out. a lot

. >> what about carl icahn? >> carl icahn has been very critical of mr. ackman's strategies here.ys he is not shorting herbalife. you have two activist investors going to dub different directions. >> it makes for quite the saga and we are adding to its here. harvey pitt. thank you so much. >> good to be with you. coming up, steve wynn does not see eye to eye with george clooney. find out what they do not agree on, after this break. ♪ >> all right, you know, a guy like steve wynn does not become a billionaire casino owner without amassing a few stories along the way, right? down with anle set exclusive interview with steve fondestss some of his memories of las vegas. >> frank sinatra and dean martin working weekends and my job was to fly them to atlantic city on my plane and bring them back to l.a. on sunday night. for three years, frank and dean were my guest and stars in my 500-seat showroom. and they were cutting up and raising hell and i got to hang out with them. that it clips is everything else i got -- i have ever done. making a commercial with frank and dean. >> would you s

. >>> carl icahn is weighing in on the controversial executive pay plan at coca-cola. >> reporter: this battle continues over the controversial pay package. carl icahn has written what he called an informative piece on why buffet is wrong on coke which will appear tomorrow in "baron's ". warren buffett opposes the pay pack package but didn't vote against it because he didn't want to show nonsupport for the management. we'll have more on the "fast money" halftime report. >> do you think we can give carl icahn a call and duke it out? >> i don't know if warren buffett would play ball with that. >> interesting that he picked up here. it is a shareholder issue? >> absolutely. >> not really in coke necessarily, but this -- this has to do with his activist ways and his ways to try to transform corporate governance. >> on to other things that have moved the market today. tensions escalating in ukraine between native and pro-russian forces with clashes and helicopters being shot down today. >> yeah. president obama and german chancellor angela merkel discussing russian sanction

you reached out to carl icahn of all people to try and fix your relationship, whatever you want to callif i call it to fix the relationship. call it to forgive him, as i say. sure, had you to pick up the phone and make the phone call. what led to you do that after what happened on this network? >> the answer is i -- life is a long game. you've got to respect a guy that late on in his career he's still probably the most active shareholder activist in the country. he's created an enormous amount of wealth as an investor. he's got a great track record, and he's frankly a charming guy. now i did not like the way he conducted himself in my little discussion. >> that's far from how you described him to me. >> that's right. >> january of 2013. >> just a long-term guy and frankly said some nice things about me on your networks and i called him and thanked him and just decided to move on and agree to disagree on herbal life and actually maybe we get to know each other a little bit and i can explain to him why he's wrong. >> will you do an investment together down the road, do you think? >> it's

you've got carl icahn in the obviously.t you got jim chanos on the long side, and he knows an awful lot about stocks. you've got the activist barry rosenstein as well as richard perry -- long-term holder. leon cooperman, tremendously, but. he has taken it up -- taken up to a two percent position. it means something in his portfolio. these are long-term guys. >> when we look at a guy like jim chanos him a can we assume -- we can certainly ask---can we assume that that is just a genuine long position and not tree.ind of a pear >> you can assume it knowing his per fully over the years which is overwhelmingly short. when he goes long -- i will tell you this in the general case. and this is not to offend my long-only managers, but the guys who know the stocks best of all are the short managers. they have tremendous conviction. they know their stuff. and jim among them says i'm a look, it has been tough to be a short manager in this space. >> when you get the 13-f filings, people chase it. you get regular investors chase it which

carl icahn saying the stock is still undervalued. down after a 50% decline in profits.moved to avoid taxes looking like the least of their problems. joining us next, good to have you with us. the service sector looks like it is really growing, developing and strong like we thought it would be months earlier. >> things are finally coming through. we had a little bit of a hiccup in the winter. frigid winter. in the economy going through extremely tepid recovery, it has been pretty consistent. given the starting point, at least it has been steady. lou: it is steady and getting stronger. housing continues to disappoint. your thoughts on what we can expect there. >> this is where we differentiate the short-term and long-term. housing should be picking up pretty dramatically but in the short term in terms of ease of credit and some of the younger people student loan burdens, some other things that will kick in is as employment improves people don't tend to increase leverage following a crisis so we're back to a comfort level where they will be employed six months or 12 months

but yesterday, a sniff of an activist, you saw the stock rally back, and carl icahn said it's not him. why only one activist? see the action in the social media short. i think you can see a bounce. i'm hanging on a little bit longer but turning blue. >> i am long too, i wish i wasn't. >> would you rather a traditional memorial day? >> have a little fun for the weekend. >> and plan the memorial day context? >> rather go to the game sunday night or watch what a movie with subtitles. >> godzilla. >> i'm going to break. hp stock turning around on comments on cnbc. what she said and why you should buy. and amazon giving away fire tvs. is the gary abusy ad to blame. >> hello, lamp. >> hello, gary. free research r, customizable charts, powerful screening tools, and guaranteed 1-second trades. and at the center of it all is a surprisingly low price -- just $7.95. in fact, fidelity gives you lower trade commissions than schwab, td ameritrade, and etrade. i'm monica santiago of fidelity investments, and low fees and commissions are another reason serious investors are choosing fidelity. now get

carl icahn is a prolific user of the social media service but he does not own a share of twitter today, however, i can tell you. >> it is not one of those situations where he liked it so much he decided to buy into the company. >> apparently. >> again, this is one of those situations, it is a lightly traded week and it is easy for rumors to move a stock. that apparently is what's going on here. >> there have been others making the rounds out there. again, a reason to treat it all with an extra dose of caution this week. >> heather hughes, what do you make of this week's activity? one day down big, the next day up big. we're kind of hanging in there today. what do you see with this volatility right now? >> it is a see-saw, see-saw, up-down. i didn't know today was a half-day? right? it's not. but really where have we gone? nowhere. we're flat on the year. so perhaps the consolidation in itself may be the correction. we may not have to move lower, 10% lower, like the russell 2000 that small cap index to have the dow and s&p where they are near all-time highs again right now. you might no

while carl icahn is being mentioned alongside phil mikelson. >> should makes a mistake. their whole lights? you're right to be forgotten on the worldwide web. the neumann data that puts google in a position to determine your fate online. >> this week, we are unveiling these proposed guidelines which will cut down on the carbon pollution, smog and soot that threaten the health of the most vulnerable americans, including children and the elderly. >> president obama pushing a new plan to help clean up the air we breathe. welcome back to al jazeera america. i am john henry smith live in new york. it's been a busy week for president obama with not one but two of his 7 ario staff members resigning. now, the white house is trying to shift attention towards new energy regulations with new guidelines that target harmful emissions. randall pinkston is live in washington, d.c. president obama announced a new set of regulations that will have major impact on the coal industry. what is the president's objective with all of this? >> reporter: well, ultimately, the objective is to get

warren buffett increasing his stake in blue-chips like walmart and ibm while carl icahn doubling down on apple. we learned a lot as we saw all these holdings revealed. jonas, what is your takeaway. >> warren buffett business is becoming like the dow. melissa: it is, true. >> i like he doesn't change the game and all of sudden buy tech shares. this is different investment. icahn is basically trying to stop apple buying beats and giving him cash in dividend. i think different strategy. buffett make as long-term investment. melissa: what i thought was interesting, a lot of big names reveal holdings and they're on opposite sides of gm. tepper increased his stakk in gm. paulson increased his stake in gm. einhorn got out of gm entirely. george soros cut his stake on gm as well. what do you think? >> this is company should have failed. it is a failed culture. it didn't work. taxpayers had not bailed it out it wouldn't exist today. melissa: ten per is a smart guy. -- tepper is a smart guy. upping the anteon gm. >> they have another recall on top of earlier one, you wonder how far the quality

i'm still waiting for that tweet from carl icahn. i think when they exit their second half, the stock goes much lower. i think his involvement has been nice for the stock here. i think the guys have a whole host of competitive issues. tuesday when the stock was 338, i bought a put-spread out in june. i think you can see 280 quickly. investors have shown their hand these high valuation names. i think they're going to have lower lows here. for the traders you can be nimble and define their risks. im i'm going to make an interesting point. don't be fooled by 13. option prices are expensive. you got to pick your spots and wait for rallies to get short. >> bottom line, out of twitter. looking at it with a two handle. and you're reopened on your netflix. thanks for phoning in. let's get an earnings alert here. sheila is watching sprouts. >> we're watching sprouts, farmers market. in the after hours the company posted better than expected earnings and revenue and raised it's full year guidance. pressured by the whole foods weak earnings rep

. >> i think that tim cook listed on to carl icahn, he listed on to a lot of things a lot of people wereaying and distilled it and recognized it's not just the buyback. it's the opportunistic, that's the word he uses, opportunistic buybacks. you see a lot of stupid buybacks. when there's a lot of supply, the apple buyback is in. they are not in there just kind of oh, let's do 100,000 a day. they are being positioned, they are sopping up supply. this is the kind of genius buyback that a lot of execs should pay attention to. because most of them just do this desle terrorry buying. no. think about it. cook is. >> right. they're buying more stock than has ever been bought by a company in history because they have the largest market cap and cash of any company, almost all of it, most of it overseas, they're borrowing here to actually fund the buyback. that will continue. the bigger question, what do you got for me now in terms of new products. >> there's a person who starts there today, aaron, from burberry. i want you to go to salesforce.com's website and see what arent did when at burberry.

substance i could find to explain apple's morning rally -- frankly, i think it was the interview that carl icahn, a huge shareholder, gave to wapner here on cnbc saying he's happy and he won't turnip to a seller. think of that. here's a hard-bitten elderly opportunistic. he's seen all kinds of markets, that's what i mean, not age discrimination. and yet, despite its long run, remember this stock was $400 11 months ago, he's not cutting it loose. how about the news for twitter? i think it's about as polar opposite as the news propelling apple. maybe diametrically opposed. what happened today? it was the expiration of a lockup, meaning to rein in insider selling. it was over. and the flood gates opened. for those of you unfamiliar with the lockup, insiders have to decide how much stock they want to sell. they typically agree to wait six months when their agreement not to sell expires. no insider sold the ipo. that was a positive statement of conviction in the future and one of the reasons i believe that the stock has been a fabulous performer until lately. but after peaking, it's become a death st

investigators are looking into a possible insider trading scheme involver golfer phil mickelson, investor carl icahn and a las vegas gambler. "the wall street journal" reporting the fbi and securities and exchange commission are probing whether mickelson and gambler william walters illegally traded stock based on information they got from icahn about his investments. the probe reportedly started three years ago after icahn accumulated a stake in clorox. icahn is not aware of an investigation and is careful to follow the law. >>> much more ahead on "today in the bay." coming up, the giants look to continue their winning ways in st. louis. and we'll take you to the east bay where there was a battle for first place going on at the coliseum. >>> you are watching "today in the bay." >>> the battle for first place continues tonight at o dotco coliseum. the a's look to extend their lead against the angels. the green and gold jumped out to a quick lead bottom of the first with the bases loaded, that's right brandon moss unloads them. his first career grand slam makes it 4-0 early. to the fifth, josh donalds

carl icahn called out warren buffet over the vote on coke's compensation plan and buffet had not so nicen's sparring partner, bill ackman. i will talk to him live at 3:30, another first on cnbc. the "halftime report" is straight ahead. see you in a few. >> you have a big day ahead. thanks, scott. >>> from beavis and b"beavis a, taking on a completely different show, the appropriately titled "silicon valley." take a listen. >> you guys are arguing what met for to use to agree with each other. this is the inefficiency i'm trying to eliminate. my suggestions could help you beat me in this argument. do you see the irony there? >> blllllll. >> all right. i can't argue with this. >> mike judge, the executive producer of silicon valley. i thought you were laughing at the clip even though you've seen it 100 times. >> i've seen it way too many times and you take a long break and don't see it, i don't know. the show is so funny, what can i say? >> it really is. and now renewed for season two after a handful of episodes, you must feel like you've nailed some of it, i'm guessing? >> yes. we worked s

pyramid scheme and he has been shorting the stock at a till, he is not winning this price, and carl icahnelieves it's a long for this bet. and he likes the company. once again apparently according to sources talking to fox business there may have been some listening device, meaning bugs found at the herbalife headquarters. no word on who planted them. you can bet charlie gasparino is on this story. >>> for many companies having more clients, more customers, right? , means gaining more revenue. one company has disproved that theory. since 2004 marketing and pr firm taylor has gone against the grain and slimmed its roster of 70 clients, seven, 0, to about 15. last year the company recorded its highest revenue in agency history just how did this old-fashioned sports marketing firm become one of the top agencies in the country beyond sports? we have taylor managing partner. we found this story very interesting because everybody always says, expand, we need more customers, more clients. you did the opposite. why? went through your mind when you decided to do that? >> our main focus was trying

and carl icahn on cnbc on the halftime report at noon eastern time. coming up next, is apple close to losing it's strong hold on the tablet business and why it's days of being the top tech player in the game might be coming to an end. plus pfizer raising it's bid to buy astrazeneca. one last chance to up the bid. stay tuned. i'm taking off, but, uh, don't worry. i'm gonna leave the tv on for you. and if anything happens, don't forget about the new xfinity my account app. you can troubleshoot technical issues here. if you make an appointment, you can check out the status here. you can pay the bill, too. but don't worry about that right now. okay. how do i look? ♪ thanks. [ male announcer ] troubleshoot, manage appointments, and bill pay from your phone. introducing the xfinity my account app. . >>> projecting $106 billion. turning down pfizer's increased bid today. let's bring in meg. what's going to go on? >> that's right. this monday pfizer is due to report it's first quarter earnings. now just on the top line analyst looking for revenue to decline 1

. >> i keep thinking of carl icahn, a $630 stock. okay? when he officially got in there and here we are approaching $630. committed to it, but that sticks in mind. >> bias to say, exactly, 630, is it a 700 stock? last time i missed it and got out too early. >> i cut you off earlier. >> okay. can i ask about the auto cycle. top holdings, general motors where do you think we are? >> fourth to fifth inning over there. the wonders of the world, delphis will do well. gm for us the value play. people are still focused -- if you look at google -- >> hanging on to gm? >> absolutely. >> adding it on -- >> adding to gm. great balance sheet, 3% dividend yield. everybody is focused on the past. right? google, everybody focused on what to do in the future? interesting when you look at those two. gm has a good run. in products, international exposure and you want to hold the stock. again, 1900, this is an opportunity for a company to turn around. >> in that space, the transports they are so inexpensive still, the deltas, unites, all the rest up. you rem

why did bill ackman, for example, carl icahn kissed and made up after that big fight over herbalife.an is with us today. he will discuss his controversial move to team up with valiant to buy botox maker allergan. >>> also all eyes will be on aig's earnings after the bell, and we'll have those results broken down even before they speak toss analysts. >>> and we could wait for this. joined by one of the owners of kentucky derby winner california chrome. >> i love this story. steve cobert will be with us, it starts at the top of the hour on "closing bell." see you then. tdd#: 1-800-345-2550 trading inspires your life. tdd#: 1-800-345-2550 life inspires your trading. tdd#: 1-800-345-2550 where others see fads... tdd#: 1-800-345-2550 ...you see opportunities. tdd#: 1-800-345-2550 at schwab, we're here to help tdd#: 1-800-345-2550 turn inspiration into action. tdd#: 1-800-345-2550 we have intuitive platforms tdd#: 1-800-345-2550 to help you discover what's trending. tdd#: 1-800-345-2550 and seasoned market experts to help sharpen your instincts. tdd#: 1-800-345-2550 so you can take charge

got to give carl icahn credit. back when it was 500. >> he was on it. he likes to talk his book and that is a whole different story. david: he was right. >> apple is a great example of the company doing the right thing. they have a strong balance sheet. they have cash. they're raising dividends. they're returning money to investors. that is what you want to see if you're an investor, especially if you're retiree living on fixed income. raising dividends is key in this market. liz: todd, maybe that is the way to go. look at healthy companies that make a great product, do shed, give off a dividend. that way you're at least protected a couple of sides what could be at some point a very realistic move to the downside? >> you know. i couldn't agree with you more, liz. if you go to warren buffett school, which is, buy good solid companies, brick-and-mortar. this time will not be different. we'll get a much more severe correction. i do not agree we've had secular core correction. i think we'll have a deep correction. when you have good solid companies with goo

they dealt with everybody from carl icahn.it, this guy dealt with them. >>> organizations banding together to push for tougher rules on regs and airbnb and other short-term rentals. should the sharing economy be regulated? the regulators want to get in there. or will more legislation stifle growth? the debate coming up. liz: a company recalling two million pounds of ground beef due to ecoley fears. we'll tell you which is affected and which state coming up. david: company getting bearish on one market while increasing their bullish bets on another. in fact at the highest levels since 2012. we'll tell you which is which coming right up. ♪. [ laughter ] smoke? nah, i'm good. [ male announcer ] celebrate every win with nicoderm cq, the unique patch with time release smartcontrol technology that helps prevent the urge to smoke all day long. help prevent your cravings with nicoderm cq. that helps prevent the urge to smoke all day long. they're the days to take care of business.. when possibilities become reality. with centurylink a

after carl icahn told us he's still bullish on the company, wouldn't rule out buying more shares, ourstion today -- has apple gotten its mojo back? dr. j, take this one first. the stock at a 52-week high, hard to believe, earlier today. >> yeah, and the stock was up, what, 7% year to date earlier today, judge. has it gotten its mojo back? it certainly got a lot of the shorts out of the way. and the stock did make it back up to 600, which for many of us, pete and joe in particular, at least the near-term target. now that we've got there, judge, i mean, i'm looking at, you know, the lack of catalysts right here in terms of a new product coming to market. until that does, look at the apple same-store sales of the apple stores. they're down 5% in march. so i wouldn't get too giddy about the idea that the stock has retaken 600. i'm happy about that. i think it's a great company. but i need to see some of the other things before i start getting happy about the stock going higher. >> the stock, guys, seemed to get a boost during our interview wither carl didn't exactly explicitly say he was

you obviously have been covering this closely, but amazon doesn't have a carl icahn or bill ackman figure charging in and saying why aren't you profitability? so i think what these smaller guys have to be most concerned about is amazon and amazon supply they don't have to be concerned about profitability in the short term? >> wouldn't it be nice for every -- but mind you, the shares are down nearly 30% from the january highs, not just down today, but suffering in that momo trade. claire, we have to leave it there, but thank you for joining us. >> thank you for having me. >> >>> we're coming up after the break with a hot debate about the gas tax. it's not been increased in 20 years. >> i don't like taxes, but i also don't like potholes, but the good thing, i don't drive, but this i believe is you driving. >> in car in my jeep wrangler, please wave in you're headed towards me. i can't tell you how much of road stinks. be a name and not a number? scottrade. ron: i'm never alone with scottrade. i can always call or stop by my local office. they're nearby and ready to help. so when i have ques

carl icahn, i thought i had to put him in only because he's got the midas touch. buys something, if you can get it rather quickly, don't wait until herbalife goes too quick. look at apple. do you think that apple's quarter didn't directly reflect a lot of icahn's thinking? go over the conference call and you know it did. >> you absolutely know it did. jim cramer, thanks very much. always great to be with you. >> congratulations on all your fabulous work. >> jimmy, nice to see you. >>> all right. now, we don't want to miss "shark tank" on cnbc. the sharks talk about their best investment. we've got a sneak peek on that coming up for you next. >>> and no tank for this shark. oh, my god, take a look at that. it's a 16-foot whopper. we'll show you that picture again. get out of that boat and get onto shore. "power lunch" is back in two. the conditions in new york state are great for business. new york is ranked #2 in the nation for new private sector job creation. and now it's even better because they've introduced startup new york - dozens of tax-free zones where bus

carl icahn has disclosed he sold a chunk of his netflix stake in the first quarter, but by now has hely. what kind of movement are you seeing? >> here is the thing with these 13fs, you have no idea what people have done. he disclosed in that filing in q1 he sold 16% of his position. that was a position he owned 100% more of last fall. and so one of the things that's really interesting, mr. icahn was the largest shareholder. he got into netflix two years ago when it was below $100. and i just want to show some of the price action. why do we focus on the stock so much, especially in this high valuation stock sell-off that we've been in? it's kind of been the poster child for it. let's look back. this is october of 2013. look at this day. this was one day after they reported their q3 results back in october. what happened? right here mr. icahn tweeted out he had sold half of his position. he had a fabulous gain in that. look at that. that stock went down. it had almost a 20% reversal just because he was getting out. let's move forward over here. this is april. this is just last month. th

if you can't ever get to this, the true feelings on carl icahn. >> those are two questions. >> yes. > i guess you would deserve a couple questions. >> murph's got the money. he could pay double. >> i think the bottom line here is we want to know what his's going to do with the cash, what is the vision for the company? that's the driver here. what's the next catalyst for the stock here. we should note that a coffee day with cook went for more than $600,000 last year. so this is a discount, guys. >>> we've tallied the results. for the street fight on bf corp, you said murphy, the bear, won the debate. he's taking home the trophy today. >>> time for the final trade. pete in a yar jan? >> i'm sticking with energy. we had seen some activity in valero. i think it's going to break to the up side. >> i like armstrong world. i like the non-res and res recovery in the u.s. >>> this is an energy and industrial play on the whole economy, long american rail, arii, and on this 20% pullback, i think it's a great name to own. >> joe? >> i'm long lilly, long the salt conference, off to be part of a pa

that phil mickelson is what the newspaper calls a, quote, major inside trader probe that involves carl icahnnd whether or not he shared nonpublic information about his stocks and clorox to sports better billy walters who then may have passed it on to mickelson. investigators want to know if that knowledge was used to improperly trade the stock. a lawyer for michelson said phil is not the target of any investigation, period. nbc news reached out to the s.e.c. and fbi and the s.e.c. c cannot confirm. >>> a record high close. the dow closed at 16,717 and three points above its previous high. s&p 500 finishing at a high record. the nasdaq dropping five points. >>> in the big easy, a public gathering and a big one of republican leaders. a who's who of republican leaders on tap to give a talk today. you'll hear from one of its featured speakers a relate tv star. >>> new bickering between edward snowden and american officials. he says the u.s. is hiding some critical notes that he sent. with priority mail flat rate shipping. our priority has always been saving the day. because our priority... amazi

let's talk about recent activist campaign, carl icahn with apple. does that not tell you it is a different ballgame altogether today? >> right. because they kind of came to a little bit of an agreement. >> you know, crawl icon tends to be in the old-fashioned blunderbuss kind of way, raising a point, i guess is what he was thinking about before he showed up. it creates a forum for this discussion. you can say that it is bad for it means that all companies are going to stop investing in their business, give all their money to shareholders, break themselves into pieces, all that stuff. >> and that these and -- that these activists are renting stock. >> exactly. he back to bill ackman. he has been in the same position for three years. >> bob, tell me, with the companies that you work with, specifically, what did you do to ward them off? >> first of all, you start with honest -- and i mean honest, not -- look at yourself, from the point of view of an activist investor. maybe bring in not an investment banker in a traditional sense, but a wall street per

. >> that i back has gotten the stamp of approval from carl icahn. he tends to like these. stock is down. >> whole foods is down 19%. the largest natural goods retailer fell the most in seven and a half years. >> we are going to take a look at those numbers. number three is allergen. not much change. they reported they beat estimates. been hurting that offer. >> aol shares down 20%, dropping after profit that was well below estimates. they squeezed the profit margin. it is a tongue twister will stop >> they are not writing them for anchors will stop 7%. they had an ipo for alibaba. cashuld double yahoo!'s stockpile. the dow is closing at its highest level. it is its highest level in three weeks. spurred on bys what janet yellen said today in congress. she said they will continue to support the market. they will continue the taper program. it will be easy money. i want to get more context with julie hyman. >> utilities did the best. financials did well. if you think that easy money will continue, that is good for utilities stop. people have been looking for deals unbind util

rigs part of an agreement with carl icahn. >> tesla motors posting first-quarter earnings that topped. shares fell after it issued a disappointing second court outlook. a tightid it is facing battery cell supply but expects that to improve in the third quarter. >> was that not driving a tesla? >> i think so. wendy's, topping estimates and the sending shares higher in premarket. they said strong results were driven by better traffic and successful product promotion. >> millennial media, shares plunging more than 40% after the global advertising firm's quarterly results trail estimates. the cfo will step down six months after the founder and ceo for me to join a venture capital firm. number one, las vegas sands, the casino company and some of its shares are falling amid concerns that a crackdown on illegal money transfers from the cat was going to pair demand and traffic. me, hedon addisoelson told is not worried about a slowdown in macau. hear more from our interview. you're watching a live shot of janet yellen's testimony. she will be questioned by members of the senate banking commit

and nelson tells -- and people like carl icahn and nelson peltz make noise.e you don't go down that same route? it would be easier for indra nooyi to hear you. as to whatot comment we are going to support or not support here. mr. peltz's case certainly is compelling. from a financial perspective. either way, i think it is a win-win. >> if you look at the broader picture for sugary drinks and food that is terribly unhealthy, is there a concern that regulation is going to hit those businesses -- >> notches regulation, but tax. attitudesven cultural . will there be a change that pushes them to do things more than just diet sodas and yogurt? >> sugary yogurt. yogurt, by definition, has sugar in it. >> the yogurt ie tends to be terribly unhealthy. cristina will say that is not healthy for you. that is yogurt, with flavorings and sugars. thatey have moved in direction already. caloriesax proposals, is interesting. they have responded pretty well to changing preferences. especially in that frito division, they have not suffered. they will continue to do so. when you

carl icahn practices the all boats rising style. what are his best practices?it is when he asks for performance, when he asserts himself in a security. he does not position himself to be the only share block that rises. they had no voice. that is the issue. leo, what is the best way to deal with this? ahn approach is something we have to fall back to. it is in the best interest of shareholders. >> we will continue. he will stay with us and talk about media. ceo will joiner's us. ♪ >> we are excited about the is the-- data hottest topic in software. companies who compete over data over the next decade are going to win, companies who do not are going to lose. >> good morning, everyone. everyone in the view of new york city has a hangover from cinco de mayo. some tequila. i am not a particular fan, but mr. petrova visits us, and that is great. double what they were last year. >> this is new york city, and we say good morning to you worldwide. this is bloomberg "surveillance ." let's get a quick data check of stocks, bonds, commodities, futures up three. -- 1.3925.