meanwhile, carl icahn is raising his stake to nearly 11%. he remains the company's second largest shareholder overall. he rose 2% in after hours trade but it is now down 2.3% in today's trade in frankfulrt. still to come the competition for sports tv rights heats up as the nfl looks to sell to a digital platform for the first time in it's history. all the details later in the show. stay with us. >>> welcome back. china manufacturing activity slides to the lowest level in nearly a year weighing on oil prices. chesapeake energy is the latest casualty of lower energy prices slamming to slash production and amazon owned streaming site twitch admits it may have been the victim of a hack attack. >> the greek prime minister will meet more top german officials in berlin today. it follows a meeting with chancellor angela merkel yesterday although it's unclear if much progress was made in the debt deal. meanwhile a greek government spokesman told a local television channel that athens will present it's reforms by monday in the hope of unlocking much n

the stock he says carl icahn is interested in next. >> maybe maybe. melissa: maybe maybe. he is couching that to the left of me. tv network dedicated to babies. the pitch for programing. those as young as six months. because even when they say it's not, it is always about money. melissa: indiana's caught in the cultural crossfire as it joins 19 other states passing a religious freedom law that has been on the federal books for over 20 years. now the state is feeling backlash from businesses that see the law as antigay. the ceo of apple angie's list, sales force yelp, are condemning the law with some vowing to take their operations elsewhere. i'm joined by our very own charlie gasparino, ed henry, of fox news and judy miller, manhattan institute. ed give you first crack at this one. >> charlie would be mad if he doesn't go first. >> not on this one. melissa: i want to take the money angle. the show is called "money." this seems like a terrible business decision because you look to see if new countries leave the state. angie's list canceled $40 million expansion? that hurts

that move clears the way for its chief lender billionaire carl a can icahn. icahn averted a threatened shutdown of the casino by pledging millions of dollars to get it through bankruptcy. however, the city's largest casino workers union remains locked in a legal battle with the company over its court-appointed elimination of health care and pension benefits in order to cut operating costs. many are now getting health insurance coverage under the affordable care act. >> one-third of my salary goes to pay for my benefits. and, you know my wife has had a couple bouts with cancer. it's cost me one-third of my salary to make sure she has the kind of benefits we need. one-third of it i can't afford it any longer to keep paying. >> we to want get the public's attention and let them know now early in the season that we're fighting carl icahn and his thugs and that you know there's no reason to patronize the taj. not many patronizing it as it is. >> reporter: i reached out to trump taj mahal and carl icahn's office, and i got no responses. live in atlantic city i'm te

that could be -- >> have we heard from carl icahn. charlie: i put a call into.ill say this about bill ackman. i've never seen a short seller. and i've covered them all. who broken ron. i've never seen a seller spend this much on a company basically trying to reduce it to dust. really an amazing story. (?) liz: let's get to what he told fox business today. bill ackman is not a billionaire investor because he shies away from a fight. today he was denying a probing by the fbi. dierdre bolton standing by right now. you spoke to ackman personally during the program. very interesting interview. dierdre, what jumped out to you the most here? >> the range. as you've been discussing. this is a two-year fight as far as bill ackman and pershing square is concerned. there are other people on the other side of the trade. of course, ackman is betting against the future of herbalife. i was surprised by some of the language he used. i mean, he said essentially herbalife cannot function. there is no future for this company as a legal company. he even put a time frame on it. here

. >>> atlantic city's casino trump taj mahal gives control to carl icahn. as part of the plan icahn wants to drop health insurance and pension coverage for workers. the taj employs about 3,000 people. >>> and atlantic city takes another financial hit. it turns out that february's freezing cold weather put gambling on ice. new figures show the casino revenues declined by 15% in february as compared to last year. and that is when 12 casinos were operating instead of the current 8. even those still standing are losing money since this crisis began. on the flip side internet gambling increased 1% over a year ago. >>> runners will lace up their shoes this weekend for the 30th annual leprechaun run that takes place in martin luther king county. the race kicks off at 9:00. >>> and someone familiar to us was the host of the mark of dimes foundation awards luncheon. vai sikahema mc'd that event yesterday in center city, philadedóh leaders of the city's building an construction industry got honors yesterday. they raised a lot of money as well. >> yes, over $20,000 ye

is carl icahn ready to jump into the lumber liquidators fray?f the company shot up -- shares of the company shot up after charlie gasparino sent out a tweet. charlie's going to be here this just a moment. >>> and also the deadline looms to get a deal with iran on its nuclear program. we're going to debate who has the upper hand in the down-to-the-wire negotiations. ♪ ♪ the real question that needs to be asked is "what is it that we can do that is impactful?" what the cloud enables is computing to empower cancer researchers. it used to take two weeks to sequence and analyze a genome; with the microsoft cloud we can analyze 100 per day. whatever i can do to help compute a cure for cancer, that's what i'd like to do. cheryl: all right. the closing bell is going to ring, 33 minutes to go. one stock that is rocking right now, tesla. the ticker, tsla. stock is up more than 3% right now. the ceo -- excuse me, the eco-friendly automaker says the new product line that is not a car is going to be introduced at april 30th, 9 p.m. eastern time. that's a sto

billionaire carl icahn is set to take over the casino and he says the cuts are vital to keeping the casino a of float. >>> a controversy erupted over a ruling by a federal judge that septa has to accept very provocative ads on the side of its buses. "action news" reporter john rawlins is live at the 69th street terminal in upper darby and john this one could upset some people on both sides of the issue. >> reporter: indeed. this judge says it's a first amendment issue as is free speech and free speech can be messy, controversial it can be unpopular. this is about ads on buses. septa -- which is a state authority said it thought hit a kind of internal mechanism to reject certain disparaging advertising. the judge said no, that's unconstitutional. septa buses can be rolling billboards. the transit agency did not want this message out there. it reads islamic jew hatred it's in the koran. with it a photo of adolf hitler. the ads and others in the series have run in other cities. behind the campaign the american freedom defense initiative calls itself a human rights group. foes call it anti-isl

." >>> carl icahn is blaming casino workers union for atlantic city's financial crisis. he tells associated press unite here is a big part of the atlantic city's problems. it came a day after the union leader says icahn was trying to disembowel the union. they say the union-run health plan is too expensive. icahn doesn't own the taj yet but lending the casino money to stay open. >>> six democrats are competing for your vote to be the next mayor of philadelphia. this week on "nbc10 @issue" you'll meet every candidate and hear where they stand on issues. don't miss "nbc10 @issue" sunday morning at 11:30 right after "meet the press." >>> we have some amazing differences in weather conditions during the day today across our area. it's phenomenal. we have a rainy afternoon rush in a good bit of the area. some places are changing to snow from the rain they've had such as allentown and the lehigh valley. we'll all be warmer later in the week. it will be cooler at the shore because of the colder ocean. we have cloudy skies across much of the area now. down to 50 degrees official

. >> you had a spirited back-and-forth with the activist investor, carl icahn. last week, you called him evil captain kirk. he said some things. i wonder though, do some of these activist investors actually have the same concerns you do? >> i think they are a result, not a cause. they are a consequence of companies being very cheap on the stock market. they are a consequence of companies needing to restructure. or needing to react to market changes. the activist is a little bit of a sideshow to the core question of, how is the company being run. >> is there a disconnect between wall street and silicon valley? is there a fundamental misunderstanding? >> i think in the long run -- i do not think in the long run there is a misunderstanding. >> i'm curious about your thoughts on payments. it is an area that is wide open. now you have apple pay, google wallet, paypal, bitcoin. how do you see the digital payments and mobile payments race playing out? >> this is another really big thing. the system has not changed in 20 20 years. this is another area where there will b

it is closer to being taken over by carl icahn and they still say they need to drop health insurance and pension coverage for workers. the federal appears court will decide if they can do that. the taj employed about 3,000 people. >>> in philadelphia you can start getting updates on the annual spring cleanup. mayor michael nutter did jÑ the honors yesterday along with a big purple trash can besides him. the citywide cleanup is set for saturday, april 11th. citizens and city departments will work on projects to clean up the city. to volunteer, we have a link on the nbc 10 app and at nbc10.com. >>> good morning. we'll see a dry start on this friday and then the clouds will continue to increase. and the rain will get here by tonight. so if you plan on staying out late, make sure to grab the umbrella. i'm tracking windy conditions on sunday, but at least we dry out. sunday looks to be the better day of the weekend. from philadelphia, 34 degrees. mostly clear skies with the humidity at 26%. it's dry now. it will be dry with moisture moving in throughout the day. the feels-like temperatur

. >> you had a spirited back-and-forth with the activist investor, carl icahn.ou called him evil captain kirk. he said some things. do some of these activist investors actually have the same concerns as you? >> they are a result, not a cause. they are a consequence of companies being very cheap on the stock market. they are a consequence of companies needing to restructure. needing to react to market changes. the activist is a little bit of a sideshow. >> is there a disconnect between wall street and silicon valley? is there a fundamental misunderstanding? >> in the long run, there is not a misunderstanding. >> i'm curious about your thoughts on payments. it is area that is wide open. now you have apple pay, google wallet, paypal, bitcoin. how do you see the digital payments and mobile payments race? >> this is a big thing. the system has not changed in 20 years. this is another area where there will be more change in the next five years than there were in the previous 20. there are two big drivers. one is apple pay. and the other is bitcoin. apple pay is the th

. >>> and a union leader has accused billionaire carl icahn of trying to disembowlx# taj mashaaljah. they said icahn has, quote, slave labor at the taj, a boarded up facility at the plaza and now he's sticking his foot out to trip the best development this city would have seen in years. icahn has not responded to the comments but last week the taj mahal defending its decision saying stockton knew that the show boat could not be used as anything other than a casino. stockton is trying to save the deal but will have to sell the showboat if an agreement can't be reached in two weeks. >>> jayz is-z is working on a new project and landon dowdy is here with more in this year's cnbc business news. tell us more. >> jay-z has some of the biggest names in the music business to launch a streaming service called title. beyonce, madonna, alicia keys rihanna and others appeared on stage in new york on monday and all are getting a piece of the business in return for emotional support. for $19.99 a month title will offer exclusive members online streaming on pcs, tablets and phones. back over to you

carl icahn released a scathing letter to the union. icahn is the soon to be owner of the taj mahal. in his letter he compared the union to mobsters. he wrote in part the only real difference is instead of throwing bricks to the taj mahal's windows, your union is picketing, boycotts and other attacks. one union member calmed his actions abhorrent. >>> conditions are clear for the commute home tonight as we take a look at i-95 and south philadelphia but get red for what could be a messy morning drive tomorrow. right, glenn? >> and the evening drive, too. the timing of tomorrow night's snow will affect the morning and afternoon rush treicking what kind of conditions you can expect and when it will warm back up for spring. >>> plus a local mother says she was supposed to be planning her son's fifth birthday but instead the vacation was cut short and ended in tragedy. >> why she says an atlantic city casino's actions led to her son's death. >>> this is nbc 10 news. >>> $30 million in damages, that's how much a philadelphia mother and her loved one says tropicana casino should pay in a wr

. >>> a union leader accused carl icahn of trooi trial to quote, disembowel the united states. commenting on stockton university and trump taj mahal. today union president said icahn, quote, has slave labor at the taj. a boarded up facility at the plaza and now he's sticking his foot out to trip the best development this city would have seen in years. icahn has not responded to those comments, but last week the taj mahal's parent company defended its decision. it said stockton was fully aware of an old legal agreement that prevents the showboat from being used as anything other than a casino. stockton says it's trying to save the deal but it will have to sell the showboat if an agreement is not reached in two weeks. >>> new at 6:00 philadelphia has announced when its bike share program will hit the streets. the indigo bike share prachl will begin on april 23rd. bikes will be parked at 70 docking stations throughout the city and available 24 hours a day. you can get a bike using a membership card or credit card and then return it to any docking station. >>> they have flood insur

. >> huh a spirited back and forth with carl icahn last week and you called him evil captain kirk, heaid some things. i wonder, though, do some of these activist and investors actually have the same concerns you do? >> i think they are a result, not a cause. there is a consequence of companies being very cheap on the stock market, they're a consequence of companies in some cases needing to restructure or react to market changes. activist is a bit of a sideshow to the core question of how is the company being run? >> is there a disconnect between wall street and silicon valley? is there a fundamental misunderstanding? >> i think in the long run -- i don't think in the long run there's a misunderstanding. >> i'm curious on your thoughts on payments because it seems to be an area wide open and now you have apple pay, google wallet, paypal, bit coin. how do you see the digital payments and mobile payments race playing out? >> so this is another really big thing. the system really has not changed significantly in 20 years. this is another area i think there will be more change the next fiv

carl icahn raised the stake from 10% to 11%. shares of whiting petroleum more interesting story, down sharply. the oil producer announced plans to sell 35 million shares of common stock to reduce its debt load, which is $5.6 billion. it's a common theme in energy right now. >> oh man. >> companies levered, we saw freeport cut the dividend as well. let's start with whiting, because i think you and i, at least have been aware of the first the stories that it was for sale stock went up sharply. and now, they hit the market with 35 million shares. jim, let me share one comment. i talked to a couple of guys approached by jpmorgan, which is selling the stock on behalf of whiting. they said any bid's a good bid. give us your bid. any bid's a good bid. >> one of mine bid 29 i'm not going to get hurt on it. whiting, which will open sharply lower. >> i think what people have to recognize is that they bought a company, okay bought a second-rate company, they bought kodiak. kodiak had been for sale they pulled it back. in order to become th

tom: carl icahn really driving this forward.pple become a dow stock because of activist shareholders? tobias: that is a hard question to answer. i think buybacks of been so important. -- have been so important. you have had over $2 trillion in buybacks on the s&p 500. in the same six-year period, you had far less on the dow. olivia: i'm not so sure. they sold 75 million iphones last quarter. then you look at the stock price. carl icahn thinks it could be the next trillion dollar company. i don't think it is in the dow because of buybacks. tobias: it changes over times. there were great companies back in the 1950's and 1960's that were the cutting edge of technology and now it changes over time. we talked about social media and the internet. we talk about them in a way no one could ever have imagined in the 1970's. the farming machines were pretty impressive products in the 1930's and 1940's. today, precision act farming brings in something different brings income -- brings in computers to help them do something different. tom: i

carl icahn is given control of the company and the taj mahal.lans to drop health insurance for workers, hence the protest today. a federal appeals court will decide if he has authority to do that. the taj employs 3,000 people. >>> and in harrisburg yesterday there was a hearing to discuss how montgomery county spends its casino revenue. they get money from the valley forge resort and casino. a commonwealth finance committee distributes the money. but under a new plan they would redistribute it to nonprofit groups across the county. >>> tour itch inism in our area continues to surpass previous records. this is not only coming from the shore, 20 of the state's 21 counties saw an increase in tourism industry sales last year. >>> and i am ready to start donating my money to the shore businesses as soon as we get some warmer weather. when it's not going to rain this weekend, brittney. >> yes that will be sunday. you're watching "nbc 10 news." "nbc 10 news" todd at 5:00 a.m. starts right now. on the scene of a car crash that shut down a busy road and

and carl icahn is increasing his stake in chesapeake.fda approving a biomeddings miniature blood pump system. it is designed to help circulation during high-risk procedures. >>> news just coming in. nbc news reports that a german a-320 has now crashed in france. it was traveling from barcelona to dusseldorf. this is just breaking at the top of the hour. also coming up deutsche bank's david bianco and ed keon. plus are fannie and freddie in serious trouble again? and could the taxpayer be on the hook for another bailout? one watch dog fears yes. we'll ask the head of the mortgage bankers association if the threat is real. as we head to break, see if the futures are holding up with all this happens. "squawk box" will be right back. can it make a dentist appointment when my teeth are ready? ♪ ♪ can it tell the doctor how long you have to wear this thing? ♪ ♪ can it tell the flight attendant to please not wake me this time? ♪ ♪ the answer is yes, it can. so, the question your customers are really asking is can your business deliver? hey mom,

chesapeake carl icahn is making an appearance yet again.lionaire investor boosting his stake in a shale gas per user for the first time in two years. it's fun but six point 6 million shares to increases overall stake to 11% from just under 10% previously. separately, the company said it is cutting its capital budget by at least half $1 billion because of low commodity prices. speaking of petroleum, the biggest freezer in a shale region is giving up on finding a buyer. instead, it says it will tap the markets and sell up to 43 point -- 43 million shares. you can see why investors are pushing the stock down 21% in the premarket. betty: thank you so much scarlet, at the breaking news desk. do you want your 401(k) invested in uber? that is a dilemma facing the neutral fund industry. firms like fidelity and blackrock have been buying up shares in the tubers of the world and then pulling that money into mutual funds that then land in your 401(k). there is the chance to return big, but there is also a really big risk. joining us now is the directo

with carl icahn who couldn't be more different than jack bogle. i got to introduce the two of them.sed with not losing money, as simplistic as it sounds. warren buffett don't lose money rule number two, see rule number one. the way they do it is asset allocation. the second thing is really these people not only avoid risk but they go for asymmetrical risk rewordre reward reward. how do you get the least amount of risk with the greatest upside. he never risked more than 6 cents to make a dollar. he could be wrong 15 times and make money and he wasn't wrong 15 times. >> what i -- there's something i love about the book and something that troubles me. >> tell me. >> what i love about it is the message to people to get involved. to be smart about your money. so learn from the best as you put it over and over again. study, study, study. >> yes. >> what troubles me is the actual advice seems to come down to what templeton as you have invoked said buy when others are selling. for most people market timing will never work. >> that's actually not what's in the book. it's not even close. temp

you've not only got bill ackman pushing the stock down, you got carl icahn buying up the stock.t george soros upping his stock. this is billionaires squabbling over nutritional values. it is quite phenomenal. this time, u.s. prosecutors investigating. as yet, we know that bill ackman doesn't have much to worry about. jonathan: high-stakes schoolyard playground games just got more serious. be sure to tune into bloomberg at 2:00 p.m. london time. we've got an interview with bill ackman himself. 46 minutes into the session, this is the equity market picture. the ftse 100 down by almost five points. the dax stays higher. up by 18 points. we are heading for a ninth straight week of gains on the german equity benchmark. what a rally. coming up, a win for denmark. has the country's central-bank beat the krone speculation? ♪ jonathan: good morning. wait for this. denmark victorious? the tide of capital pouring into the nation threatening to break the euro-krone peg appears to have stopped. the central bank governor says he hasn't had to intervene in the currency market since the end of

carl icahn, daniel loeb investors have said this is a solid company that has a solid business plan andgoing to get behind it. as a public back-and-forth. bill ackman is sticking with his position here it when i interviewed him in amsterdam when he took part of his company public to raise money, he was insisting they would be vindicated and he wants to sue the company closed down to the point that their sales model is no longer viable. we are at this situation but it looks like ackman may be investigated as well. it has not gone to the formal level of depositions just yet. francine: he's quite a colorful character. we are speaking to him at 2:00 p.m. london time. is he what are we expecting him seay? hans: talk about tennis. he's a very smart guy. he's one of the biggest hedge fund is out there. he's had some successful moves and some not so successful mix. he tried to put in the new director of jcpenney, that did not work out. his fund is up over the year. i don't know how it is performing against the s&p are against peers. he's had a good year. we had a cover story on bloomberg market

. >> carl icahn is not the only one who benefits from companies repurchasing their own shares.nies tend to outperform. scarlet: since the bottom of the market in march of 2009, the s&p 500 by back index which measures the 100 companies with the highest repurchase ratio has eaten the broader market. it has beaten 215% the buybacks returns 308%. there is a lot of criticism that companies are not using the cash to grow their business or by equipment or even look at potential m&a targets. that ceos are undisputedly the against beneficiary because so many have their compensation tied to earnings per share which is used by buybacks. mark: the numbers on buybacks are pretty staggering, given we just closed out a recent month which was a record for buyback authorizations. what are the contrary and saying? scarlet: they would say perhaps signals weakness and a turn in the market. the numbers are incredible. ceos announced 100 $3.4 million in planned purchases. the amount of money outnumbered by 621 the amount of net deposits by net deposits and etf's. the argument here is companies don'

i asked him and others carl icahn, i asked each of them. the average interview was three hours.f you could not give any of your money to your family are kids, what would be your strategy? what would be the portfolio what would be the approach you would use? the result is the fundamental steps that anyone can take. charlie: go through the seven steps. >> most people are looking for some day when they had this big hit and they never tap the power of compounding that we all know about. if you look at people that won the lottery or athletes who made up urgent, so many of them end up broke later in life. if you look at a driver for ups, he literally started, never made more than $14,000 a year, but by the time he retired he had $70 million. he gave away $35 million while he was alive. how did he do that? you got to invest, you got to do the first step you've got to become an owner instead of a consumer. his friend said to him, if the government tax to another 20%, you would scream and yell and have to pay it. he took 20% of his $14,000, put it in an investment count didn't touch it,

david: carl icahn was saying something like, he would make an offer. it's supposed somebody had done that? you would have cashed in your chips and started another company? michael: if somebody had done that, very likely. david: in the computer area or technology area? michael: i am not going to say what the company would be. likely in the computer -- that is what i love and no. david: most of your philanthropy in the united states or outside? how do you decide how much to put in the united states? michael: it has been expanding around the world. we have been active in india and also in south africa. we continue to expand what we do. the focus on children and urban poverty. we have done a lot in the education sector, using insights we have gained from the dell experience in terms of, how do you use data and knowledge to inform progress? in education, there is a standard that has been adopted by over half the states in the u.s. called edify, a way of normalizing all the information that a district may have about a student's performance and outcomes. the

trump entertainment responded saying thanks to the efforts of carl icahn thousands of people still have at the taj. he promised millions of dollars to get the casino through bankruptcy. >>> a bankruptcy judge denied the sale of the revel casino to an investor. the decision leaves ss the property with no clear buyer. at a hearing scheduled for monday, the judge will reconsider the decision. >>> new jersey's three medical marijuana dispensaries could soon be able to sell edible forms of the drug. state health officials sent guidelines for edible marijuana to those dispensaries last week. that could clear the way to make the products for the first time. governor chris christie's administration has moved too slowly in setting up the program, critics say. >>> next ice cream lovers beware. there's a recall that you should know about. we'll talk about it after the break. >>> at 6:45 on this saturday, here is a live look at the police officers who are gathered at the palestra in university city on penn's campus where the viewing for officer robert wilson iii will begin in just about 15 minutes.

plans to picket outside the trump taj mahal and trump entertainment's reorganization plan gives carl icahn of the company and as part of the deal he plans to drop health insurance and pension coverage for the workers. a federal appeals court will decide if he can do. that the /* taj mahal e employs 3,000 people. >>> and the governor will visit the secondary center in the township to pump billions of dollars into public schools to close the gap between wealthy and poor school districts. >>> president obama will meet with officials at the scenic veterans affairs hospital today. that's the same facility to remember falsifying records to wait times to those seeking medical employment. the new v.a. medical secretary has employed new changes and today the president will brief us on the changes made. >>> isis is expanding in west africa after accepting the pledge of allegiance from boka horam. yesterday they congratulated boka horam for joining the islamic group. experts say the transaction gives isis additional territory to further growth around the world. >>> at the boston marathon bombing tria

another famous activist investor carl icahn took notice of interview.se interested in corporate governance issues the peltz interview with david faber and jim cramer is a must-watch. great points made. obviously you can find it on cnbc.com. >> yeah, carl actually gives you the link. very nice of him. >>> when we come back, nadella bringing you a conference and we'll bring you the details on that. later on, after a lot of speculation, putin making his first public appearance in more than a week. but where exactly was he? we will get a live report from moscow when "squawk on the street" continues. barbara just bought a bike. she wrote a tweet about it. you can't learn much from that. but take data from millions of tweets combine that with your company's supply chain and sales data. apply ibm analytics and expertise, and all of a sudden, you can learn which bikes to build what to make them from, where to sell them. because barbara and the world just told you how to build a better bike. there's a new way to work and it's made with ibm. >>> microsoft ceo nad

carl icahn wants to end health insurance and pension coverage for its workers. yesterday a federal judge approved a bankruptcy restructuring plan. >>> get out of the [ bleep ]! >> no it's not. >> 20 minutes of nonstop news continues with this. a confrontation caught on camera between a driver and a burlington county police officer. we first showed you this video last night on xngs nbc10"nbc10 news" at 11:00. the driver in that video tells nbc10 he was targeted because he's black. >> today police gave nbc10 their account of what happened and they have their own video as well. nbc10 south jersey bureau report cydney long is live in burlington county. >> the police chief released a statement and dash cam video. what's their version of what happened? >> reporter: the chief of police just told us that his officer carried out a lawful traffic stop and that the prosecutor's office backed him up. now, what you're looking at here is a cell phone video taken by the arrestee's passenger. we'll soon have our hands on the police dash cam video and we'll bring that to you. we

defend their corporate targets than their predecessors with corporate targets, like dan lowe or carl icahnd jesse cohn has been prolific handling three dozen activist campaigns since joining elliott in 2004. these range from emc corporation which recently appointed two new directors to juniper directors that recently did something similar. and they managed serious money, john. starbucks deploys $4 billion in capital overall and cohn has a slice of elliott's $25 billion pot to work with, but the firm will not disclose how much is given to activism or technology. >> kate kelly with the new slate of the young and the restless. of course, kate will deliver more in the hedge fund conference on july 15th this year. to register, go to deliveringalpha.com. >>> let's get to rick santelli with the santelli exchange. hey, rick. >> good morning again, kayla. i talk a lot about technicals. you know, the conventional wisdom, when you hear somebody talk technicals that doesn't come from a trading floor background, they quote things like, you know, trading almanac type issues. those aren't really the tech

today investor carl icahn released a scathing letter to the casino's main union.cahn is the soon to be owner of the taj mahal. he is battling the union over health insurance costs. members are refusing to switch to government-run coverage and the issue is now being appealed in court. in his letter icahn compared the union to mobsters. and he wrote in part it all reminds me of the bygone era when organized crime would demand grocers pay for protection or suffer bricks being thrown through their store windows. one union member called icahn's actions abhorrent. >>> back now to our breaking news. >> the search for an alleged teenage killer 15-year-old define hamilton a freshman is charged with murdering a man who was walking his dog last week. hamilton is considered armed and dangerous. two other teenagers have been arrested in connection to this case. >> how much wasted space are we talking about? >> hundreds of thousands of square feet. >> spending on space. new at 4:30 how much one local city is shelling out for office space and storage. the nbc 10 investigators wi

obviously carl icahn named it.tting, all the various things that are going to be happening. this stock is going to push out of the 52 week highs. i think it breaks through new highs. >> karen? >> two things. final trade. if i could be long mo'ne. >> buy her. >> i'd be all over that. a great career ahead of her. so many different potential areas. but if you need to buy a stock, united rental, i like it right here. i think we could see some improvement in residential construction. which has really been weighing on us a little bit. >> we should start calling mo'ne -- >> tell any. >> fast mo'ne. >> that is genius. >> her team thought of it. i can't take credit. it's genius. >> "fast money." >> we should have a segment once a month or something, fast mo'ne. fast mo'ne on the basketball court draining a three. >> how about you catching the ball from fast mo'ne? >> i caught the ball. >> you looked scared, though. >> he looked scare. okay. >> all right. >> final trade. >> okay. >> the defense stocks, they'll get you done.

donald trump has reached an agreement with billionaire investor carl icahn who acquired the trump tajthe donald was suing to have his name stripped from the resort on the grounds that the bankruptcy proceedings were hurting his personal brands. trump's name will remain with the taj mahal as it fights for survival in ac. >> at the "action news" big board now fraternity members of sigma alpha epsilon at the university of oklahoma have until tomorrow night to leave their house. this after video surfaced of the frat taking part in a racist chant while on a charter bus. the university students and the national chapter of sae wasted no time in taking action. >> pack your bag, that's the message from the university of oklahoma to the members of the sigma alpha epsilon fraternity after this shocking video went viral. >> reporter: the video appears to show members of the fraternity chanting a racial slur and indicating that african-americans would never be admitted to the fraternity. >> reporter: the video was reportedly shot this saturday and posted on youtube by an organization called unhear

carl icahn boosting his stake in one of the worst performing energy names. how should you play it?hat and much more straight ahead. ♪ if i could maybe i would give you my word ♪ female announcer: sunday's your last chance to save big during sleep train's triple choice sale. for a limited time, you can choose up to 48 months interest-free financing on a huge selection of tempur-pedic models. or choose to save hundreds on simmons beautyrest mattress sets. you can even choose $300 in free gifts with sleep train's most popular stearns & foster mattresses. the triple choice sale ends sunday at sleep train. ♪ sleep train your ticket to a better night's sleep ♪ >>> welcome back. we are joined by will danoff of fidelity and manages the $120 billion contra fund. >> i got the number right. >> thank you, scott. >> let's talk about apple your number two position. do you like it today as much as you have in the past because there were times where you had cut the size of your holding rather considerably? >> right, scott. i made a mistake with apple frankly after steve jobs passed away. i was ver

we're talking about carl icahn, the famous corporate raider them a talking about paul singer the vulture hedge fund i, julian robertson of tiger management. some of the richest people in new york city. most of them also are major backers of charter schools. amy: how do they make money from charter schools? juan: i think a lot of it will be coming in with the facilities financing that will occur. governor cuomo progressed the legislature, in new york state, to revision -- to begin providing the equivalent of $2600 per child to build new facilities for charter schools forcing mayor to blasio of new york city to share some of the cost. will be a new revenue stream in addition to direct funding from the state for per-pupil education, the ruby charter facilities fund that has been set up. the governor wants to live the cap on charter schools to amount allow many more charter schools to be started in new york. the amount of money is not just in direct contributions, but also many being given to new groups, the dark money we saw after the citizens united case where folks like robertson and and

. >> what would happen of carl icahn bought shares in berkshire and went to the board and said we havehe great thing about berkshire's they have a blocking pill. warrant controls 35% of the stock and they can lycee go away. -- they can simply say go away. within berkshire, the businesses that gets them off argue have higher value because lauren -- because warren provides protection. >> why won't fit name someone? -- why won't buffett name someone? >> he has put in tee new cios over the last five years. if capital deployment is the number one job at berkshire, they are great capital to lawyers. we have great managers that are young. >> they want the next ceo to lead for a certain amount of time. >> they are quite young but deeply talented. my dream is those people that we are considering will retire well before warren buffett does. >> what do you feel comfortable with taking his leadership? >> there are so many parts of his jobs by other people. i think $6 billion last year even. partnerships with groups like 3g . partnerships deploy a lot of capital extraordinarily well. >> warren buff

tom: kara lack -- carl icahn bill ackman, are they constructive? rob: absolutely. anytime you have people who move markets and move assets toward their fair value they are constructive, they are helping markets reprice toward their fair value. was there overt manipulation? who knows. was there an effort to identify stocks that are overvalued and undervalued, absolutely. we are in a regime where you get punished for seeking to identify overpriced or underpriced and get punished after the fact. the rules are determined after the fact and redefined after the fact. olivia: what is your most important metric for valuation? rob: my go to metric is schiller p/e ratio price relative to long-term horizon. olivia: critics would say that is too backward looking. rob: it is backward looking, but nothing mean reverts over time more aggressively than earnings. when you have peak earnings like now, the competitive pressures in a global landscape tend to cause -- tom: i like this, but how do you parse your caution? rob: laszlo tends to focus on cash flows, which are short horizon

worked a decade for carl icahn.'s raised $7 billion and pursued companies the likes of the williams companies and more recently american realty capital and signet jewelers which had a nice pop yesterday. something he kmeded. because he recommended some changings recently. ferguson and mcguire come from bill ackman. but their style is more below the radar than ackman's. you won't see four-hour presentations or interviews coming out of them. i even had trouble finding a photo of scott ferguson because he's such a kind of below the radar guy. so it's interesting. they're certainly approaching these companies with a tough rhetoric, but their style's a little bit different. >> in terms of not going public is that because they think they can get more done if they don't go public at this point? >> i think ferguson is low key so more of an exception. they do go public with your letters. at the same time he put together this 100-page deck and distributed it on a website rather than ackman which is what i was referring to the

would carl icahn have made the same stinky made? be walking around with samsung devices instead of apple? matt: no. [laughter] the ceo of general electric's compensation almost doubled this year. his base salary rose 8%. shareholders did not fare so well. julie: it is down 9.8%. alex: and on time to get a double in pay. matt: profit fell, shares fell and he gets $40 million? julie: the narrative is that he is investing in the future of the company. he made an acquisition, he changed structure. alex: that is the great thing. if the share prices did go up the narrative would be that he made all this money for shareholders. it seems like a win-win. matt: if you know people in high places. which i'm sure jeffrey in mmelt does. eu officials are gearing up for a look at greece's accounts -- at greece agrees to open up its books or wake up on time. greece is running out of money time, and friends. france's finance minister actually expressed frustration with the greek finance minister who is obviously very cool, but seems a little bit laid

this was a time when carl icahn another people were on the other side publicly promoting this thing. the spite all the noise, the ftc looked at the victims and launched a formal investigation. we know it is an intensive investigation. herbalife's financial obligations add back what they are spending on the ftc investigations. they spent $4.5 million in the fourth quarter alone on dealing with the federal trade commission. we know there is a very intensive investigation by the ftc. on our end, we spend nothing responding to subpoenas from regulators with respect to our activities on herbalife. if regulators have any question about anything we have done, we would be delighted to share information. market manipulation is not something we have done. i encourage you to talk to lori about it or go to the ftc website. it is someone makes intentionally false and misleading statements. clearly i have not done that. erik: at this point, what is your breakeven on herbalife? bill: i don't know exactly. it is something in the range of the current market price. erik: would you mind repeating that.

betty: it was interesting when carl icahn and bill ackman were duking it out. glut of oil is running out of places to store it. we heard the warning from alan greenspan this morning. that may lead to more price cuts. the nation's crude inventories are rdf and all-time high. storage could run out as soon as next month. where do you put all that oil when it is literally going to spill out? matt: you know what you do? you have to lower the price and get it out the door. that is the most exciting part of the story. if that is really the case and the iaea said that prices are going to come down if you haven't no more room, you have to sell it cheaper. betty: brent crude is that a $10 disparity. it is only going to get worse. isn't not argue distorted now. -- is it not already distorted now? olivia: lobbyists are asking to lift the embargo and you have the wonder what it would do to the price of crude. betty: this band has been in place since 1970. as we near the opening bell, let us get a quick check of our futures. as you do see, we are down again and in the right.

carl icahn and george soros buying shares in her life. anna: caroline, thank you.ow does a company all about pen and paper stay relevant in the digital age? find out next. ♪ anna: welcome back to "countdown ." let's get a check on the currency markets. we are talking about the danish krone. are the troubles over for the danish central bank? the governor was in london last night talking about his efforts to limit moves in the danish currency against the euro. the governor of the central bank saying it does not have to intervene in the foreign exchange markets. the bank had been facing an attack against the danish krone. in january and february, they were forced to sell to stop the danish krone from increasing too much against the euro. have they won in that fight against the hedge funds? their resolve was being tested by some investors in the wake of the swiss central bank deciding to abandon its peg against the euro. that happened in january when the swiss central bank abandoned that peg. it seems that the danish central bank has held their reserves and they have n

you are seeing chesapeake energy getting a boost after carl icahn increased his stake in the companyferent funds. he has raised his stake to 11% from just under 10% previously. very quick mention of ruth porat soon to be a google. leaving morgan stanley as cfo and joining larry page and company at google. they were looking to the bloomberg terminal and found interesting numbers. he says ruth porat will have a big raise in her job because her compensation at morgan stanley was about $40 million. google cfo meantime, was compensated about $85 million during the same. -- during the same period. lisa: that is an incentive to take a move. i was optional -- i was actually looking at google and google shares are up. they made a good move according to stop. thank you so much. matt: i hope she buys a yacht or finances of film. you may not clear lights camera action as much but lucrative tax credits in states like louisiana and new york are luring filmmakers away from california along with thousands of jobs in economic the meals. california is trying to stop the bleeding by boosting tax credit

david: carl icahn was saying something like, he would make an offer. it's supposed somebody had done that? you would have cashed in your chips and started another company? michael: if somebody had done that, very likely. david: in the computer area or technology area? michael: i am not going to say what the company would be. likely in the computer -- that is what i love and no. david: most of your philanthropy in the united states or outside? how do you side -- how do you decide how much to put in the united states? michael: it has been expanding around the world. we have been active in india and also in south africa. we continue to expand what we do. the focus on children and urban poverty. we have done a lot in the education sector, using insights we have gained from the dell experience in terms of, how do you use data and knowledge to inform progress? in education, there is a standard that has been adopted by over half the states in the u.s. called edify, a way of normalizing all the information that a district may have about a student's performance