more on carl icahn. >>> we are back with the investor carl icahn.think donald trump can win? >> yeah, i do. i think he has a good chance. obviously there's a lot of candidates there, there's a lot of mountains to climb, but i do think he has a chance because he is sending a message to the middle class, and literally how screwed they're getting, and they are. in many respects -- i mean, how do you justify mediocre ceo making $42 million a year and the guy who is working for him out there really doing the work is getting $50,000 a year. i mean there's no justification for it in a free society when you can just vote. listen, in feudal times or even in czarist russia, you'd kill somebody who wanted to start a revolution and unseat you. here all you have to do is vote. i don't know why anybody wouldn't vote for somebody with that message. >> are you advising him on the economy? >> well, yeah. i mean, he and i talk from time to time -- well, we talk, and, yeah, i do tell him what i think, and i think he respects it. look, he's a very open-minded guy and h

carl icahn right about potential bubble in high yield.rsation before, one of the things you don't know about markets when you keep interest rates this low, i think this is what scares carl, that there are bubbles that are unforeseen. back in 2005, i don't remember i was, we weren't writing that much about mortgage prices. pending mortgage. neil: we didn't know what they were doing behind the scenes, packaging all this stuff. >> you don't know this stuff. vw is a huge story. it will play out. by the ways i got awe little present, since i know you are -- can i show this? this is bernie sanders fannie pack. i'm telling you neil cavuto is now the darling of the progressive left in this country for standing up for the pope pretty soon neil will be the endorsing bernie sanders. neil: yesterday, you're just angry because a priest excommunicated you. >> do you remember what he said, takeaway line? neil: you're going to hell? >> no. the pope is a communist in the best way, in the best form. neil: you know what he meant. >> he is a communist. neil:

who's sounding the alarm bells is carl icahn. in a phone interview with cnbc he says the fed may have backed themselves into a corner. they should have raised interest rates six months ago. it's more difficult because of global concerns. let's talk through this. joining us from chicago early is michael guerk, founder and president of brown hill partners. michael, is he telling us anything we haven't heard before? >> well, you know, just to shed light on that as i watched that full moon and everything line up together last night i couldn't help think of fed policy. everything aligned perfectly and all you got out of it was a shadow. i think that's exactly what the market did not anticipate on this last meeting. as the chairman yellen begins to use more rhetoric and become hawkish, i think the markets have adapted to that already. the icahns of the world mostly do believe that implementation should have been months ago. right now it just doesn't show up in the numbers in regards to what would be the outcome of that. that's always b

say what he believes and he's willing to say, hey, this is complete [ bleep ]. >> just the way carl icahnould say it. this comes as icahn -- he wrote a policy paper he says he sent to trump and others on wall street and in washington. in it he took a surprising stance to many on the problem of income inequality in the country. let's talk about this with christine romans. first to that endorsement coming from carl icahn. we know donald trump has said more than one time he's called up carl and he said, you handle china, you handle japan, can you handle it? ca carl, of course, in this conversation none of us were involved in, says, absolutely i can. maybe not a surprise to get an endorsement. what do you make of it? >> carl icahn is a report rater, activist investor you call it, goes in and tells companies how to fix it and how to make more money. now he's saying donald trump can tell washington what to do, tell congress what to do and get it fixed. here's this billionaire endorsing another billionaire saying, he's a guy who can speak his mind and get things done. they're similar that way. t

mark: is carl icahn speaking for the common man?nt he is the common man. he grew up on the streets of queens, and honest guy. he thinks the way wall street conducts itself companies to have smart regulation. for wall street is a we are doing the right thing he says give me a break. unsophisticated investors into the leveraged finance market where they cannot get out and wall street is a joke if they think selling as ayield bonds responsible decision. rates?should they raise it's almost a rhetorical question. there are so many reasons. are building bubbles, real estate bubbles, bubbles in the oil market. in henie: he is still rbalife. look at these warning signs. leaving the race, there are --ependent consequences that unintended consequences. he looks good. bubbles?he afraid of stephanie: he is not afraid of anything. he says peyton attention. whether you are talking about government or central bank intervention, it is blocking free markets. pay attention. take the training wheels off, let's go. that carl icahn isn't saying he will

. >> hedge fund heavyweight carl icahn is doing something with his portfolio he hasn't done in years. we'll hear what that is later on. you're watching cnbc, leader in business worldwide. meantime, here what else is coming up on "fast." >> the shake-up of mining giant glencore could trigger a secret sell sign. dennis gartman will explain. plus, there's a new name for terror and its name isn't kujo, it's fang and it's looking very much like biotech did before the breakdown. we'll explain. i'm only in my 60's. i've got a nice long life ahead. big plans. so when i found out medicare doesn't pay all my medical expenses, i looked at my options. glencore could trigger a secret you may know it only covers about 80% of your part b medical expenses. the rest is up to you. call now and find out about an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all standardized medicare supplement insurance plans, it helps pick up some of what medicare doesn't pay. and could save you in out-of-pocket medical costs. to me, relationships matter. i've been with my

let's talk about carl icahn. he continues to warn that stocks could go down a whole lot more as the market deal with bubbles in the fed's zero interest rate policy and calls danger ahead. icahn says major market declines of the past could be seen once again as a result of the fed keeping rates for too low for too long. >> it's like giving somebody medicine and this medicine is being given and given and given and we don't know what's going to happen. you don't know how bad the end of this is going to be. you do know that when you did it a few years ago it caused a catastrophe. >> where do you draw the line here? >> we talked about the ill m implications of this yesterday. you said maybe it's to promote the book but he also wants to be trump's secretary. >> is this a buying opportunity? we take a closer look at the stock next. >> also, yahoo! yes, we're going to take a look at yahoo! trying to spin off it's alibaba stake but what are the tax implications for the tech giant? >> plus more transparency, more confusion

eastern, join neil cavuto and carl icahn.triple digit loans, the debt crisis, 2016 candidates prepared to tackle major issues. back in a moment. maria: student loan debt a major concern for american the number of students graduating with $100,000 in debt is increasing at an alarming rate. what role will this issue played in the elections, the founder and ceo, not good to see you, thank you for joining us. we know this is a huge problem because this is increasing and decreasing every ear. the do the candidates understand how important this is and have you heard any real solutions? >> candidates understand the one.one trillion dollars it is a real issue that needs to be dealt with in this election. the real issue causing the problem. if you look at the rate at which college tuition cost increase they increased in the last ten years at a rate of 5.5% and the government is continuing to fund federal loans driving the debt higher and higher because they are in fact losing college tuition costs to go up and we have seen this over a

. >> well after a couple of weeks, the carl icahn comments we talked about. i thought 1820 would be a revisit and today was lousy. six months ago the rally we saw this morning would have continued throughout the day. we would have closed on the eyes given what we saw yesterday. my opinion. the fact that we traded unchanged on the day was somewhat disappointing. i think we can see 1820 in the s&p. what does that mean for facebook? probably means $85. or $103.5 or so in apple. we'll see when we get to 1820. >> $85 is on tomorrow's open. >> we have to move on guys. shifting gears. no pun intended. we're talking tesla. >>> expected to hand over the keys to the model x and phil le beau joining us from california. hey, phil. >> hey, melissa. this is the day people have been waiting for. for a long time when tesla said we'll deliver the model x by the end of the third quarter of 2015, a lot of people said, hum, not sure that will happen. well we have a couple of days to spare but the first model x will be delivered tonight here in fremont, california. they are turni

i don't know. >> this comes in a way where carl icahn launched his own website. carl icahn.com. he'll express his views this way and with twitter. back during seeking alpha he said basically this could be 2007 heading to 2008, irresponsibility, central banks that continue to give you medicine, give the patient medicine and more medicine. at one point do you need to get the reliance off the stimulus. he's saying at this point, you know, you need to cut the cord. the fed should have raised and hiked interest rates six months ago, not just last month. that's the question we're asking our viewers today, right, carolyn? >> do you share carl icahn's pessimism. if you want to join in on the conversation get in touch with us by e-mail and also via twitter as well. yeah, you can also contact carl icahn. let's show you our personal handles which you see on your screen. >>> still to come on "worldwide exchange", a bit of a breather but straight out of left field they say the leader of the u.k. party doesn't look like a future prime minister. what does his party think of snim. >>> getting t

there's nobody close. >> that's from carl icahn. i should say, children guard you're ears because the is rather frank and to the point but we have things -- that's how he see thursday and emcalls them. one of the world's most kessful stock market players and takeover artists in the history of these markets and capitalism itself. carl icahn, my special guest tomorrow on fbn. >>> in the meantime, the run congressman who helped bring down really a republican titan, on what he makes now of another one who just went down as well. after this. what if one piece of kale could protect you from diabetes? what if one sit-up could prevent heart disease? one. wishful thinking, right? but there is one step you can take to help prevent another serious disease. pneumococcal pneumonia. if you are 50 or older, one dose of the prevnar 13® vaccine can help protect you from pneumococcal pneumonia, an illness that can cause coughing, chest pain, difficulty breathing, and may even put you in the hospital. even if you have already been vaccinated with anot

carl icahn said is he saw bubbles in art and real estate and high yield bonds. basically what he is talking about is the fact that we have had effectively zero bound interest rates for six years this is the greatest monetary policy experiment in the history of the world. david: but at the same time, dan, forgive me for interrupting, you also have tightening of credit restrictions by the fed, by all you may not like a lot of new financial rules but at least prevents people who shouldn't be getting mortgages from getting them, no. >> to some extent. i don't see a housing bubble at all. the question, will we get a soft landing when the fed finally raises interest rates? janet yellen and the fed caused a tremendous amount of uncertainty a week ago when they said they were going to hold off until at least the end of the year. i think that is long-term uncertainty has got people like carl icahn so concerned about what happens when the fed finally gets off the zero bound to all that debt that it has created. david: peter, you have to admit, with zero interest debt or z

. >> billionaire investor carl icahn out with a warning about this market. the five things that are worrying carl right now. check out the major averages so far this year. the dow down about 10%. the s&p 500 off 8.5%. the nasdaq down half as much or 4%. so is this an early stage bear market? or a late stage bull market that's in correction? you're watching cnbc. "power lunch," first in business worldwide. proud of you, son. ge! a manufacturer. well that's why i dug this out for you. it's your grandpappy's hammer and he would have wanted you to have it. it meant a lot to him... yes, ge makes powerful machines. but i'll be writing the code that will allow those machines to share information with each other. i'll be changing the way the world works. (interrupting) you can't pick it up, can you? go ahead. he can't lift the hammer. it's okay though! you're going to change the world. >>> walmart is offering free grocery pickup for online orders this month. sales are down 26% year to date. down just very slightly today. yahoo shares rallying 3% after it announce the

carl icahn said we need the outside the box guys.erred the business types, donald trump his favorite candidate or carly fiorina. but people who are not in that traditional mix. pat goodell on that and what he makes of that? >> it's all that stuff about the mainstream washington media going, the summer fling, it will go away. they will put the pitchforks down. no. the republican party is out of control in the base. they are rejecting their leadership overwhelmingly. i was involved in a poll today about better than two to one republicans feel disappointed that they have been let down by their congress. negative ratings for boehner and mcconnell. 60% wanted boehner removed. he may have gotten ahead of the bullet. they are all an outside constituency. i have never seen where a majority of people as they are in the republican party are saying, we don't want people with experience in washington or in the political field. we want newcomers with a different approach. and that is going through not just the republican electoral but much of the

carl icahn releasing his full "danger ahead" video expressing worries about the economy and markets, take a listen. >> low rates by almost definition building bubbles, building real estate bubbles, building bubbles even in the art market, because the fed balance sheet has mush roomed from less than a trillion to over 4.5 trillion, which is a huge almost unbelievable move. and all that money crowds out the little guy, the middle class investor has nowhere to go with their money but into the market or even more concerning high-yield bonds that are very risky. >> an echo of what he already said. he covered a crowd in 15 minutes, covered carried interest, corporate taxes, your reaction? >> it makes a lot of good sense. i've been saying you have to avoid this high-yield market. it's where people have reached. people have reached on emerging market currencies. they're going to have to raise rates because the currency is falling apart. is he stating the obvious? no, he's stating what has been obvious to people who are in the market every day, but not obvious to people at home. >> anybody wh

the market's not getting a great deal of help today from carl icahn the iconic hedge fund guru has put out his own 15-minute tape explaining why he thinks the u.s. economy is at risk, and also saying he thinks that there are bubble-like conditions and malinvestment that have been created by the federal reserve and other central banks that have kept interest rates extremely low. so that very slick video available on carl icahn's own website, and of course, all financial media, have been covering this story, carl icahn, one of a number of high profile economists and hedge fund types, who have said they think that asset prices are just too high, and will have to continue falling going forward. so, a lot of nervousness around investing in the markets at the moment. back to you. >> well, i have a google question for you. nearly three weeks after apple announced its latest smartphones, google is set to do the same. what are you hearing about today's event? >> yeah, so what we're expecting here in san francisco today is that there will be two new nexus phones. we'll get a new android operatin

let's get to carl icahn's warning. scott wapner, scooping that story first thing this morning. >> hey, bill, thanks so much. so-called financial engineering, tax loopholes, stock buybacks and low interest rates causing bubbles in several asset classes drawing the ire of icahn in his video titled "danger ahead." >> the earnings that are being put out today, i think they're very suspect. when you have companies today, these are companies i short, selling at 30 times earnings, 28 times earnings, and have no net worth because they keep buying back stock, and yet analysts look at it, quarter to quarter, if your earnings went up for the quarter your stock goes jumping up. >> not just corporate america, he's criticizing icahn also taking a big shot at congress, which he calls dysfunctional, unable to get anything done. >> we need government to get out of this gridlock, to get out of the dysfunctionen. a quintessential example repatriati repatriation. everybody agrees it should be done. it's having a food fight over it's almos

carl icahn making headlines overnight. is talking about corporate earnings and the problems they are generating. >> companies today, and set of taking the money they can borrow and investing and a lot of capital, new machinery and new equipment and and workers to make them productive, what they do is almost perverse. they just buy another company to show the analysts on wall street that the earnings are going up so the stock will go up. it is financial engineering at its height. wilson is still with us. kind of members what you have been saying. >> i feel privileged that we have a similar view on this. we see too many share buybacks across the world. too many unnecessary mergers and acquisitions. people are really trying to drive the growth of their existing business by getting equity off of companies like ours to invest in long-term growth. there is lots of great technology around, but we are under investing. the public sector is under investing. guy: one of the other things that carl said overnight is he feels that low r

emily: what is it like working with carl icahn as a shareholder? he is not just any shareholder. dan: no, he is not, but we have shareholders across the world right now from our early trading. there is a lot of interest in paypal. what we really want to focus on is creating a great company going forward. focus on customers, what customers need. if we can do that, hopefully it will be a great investment for all shareholders. emily: what about carl specifically? have you talked? dan: we have not. i have been on a roadshow speaking to tens and tens of different investors, getting their feedback, learning what they expect from us, what growth opportunities they have for us. it has been tremendously valuable i think for both parties. emily: are you worried about potential agitation? dan: i am not. carl and other investors are all the same. they want great value to be delivered for investors and great value to be delivered for customers. as long as we stay focused on that, that is the thing for us to do. emily: a lot of people talk about paypal as an acq

now carl icahn is raising his stake from 8.2 to 9.6%. he's already the company's largest shareholder. the move comes less than a month after they named two directors ott board. it rose more than 2% yesterday but it is lower by 1.4% today in germany. now the thing i find interesting on this is if we look at the share price action year to date it's down 23% since it's peak so far this year, 3rd of march, down 33%. clearly that's a sharp decline but not anywhere near as sharp as some commodities outright and lots of energy stocks. still off 60% year to date. so this is not simply an i'm investing in the energy sector-type move. >> he's not the only influential billionaire investing in commodities. we have warren buffet buying and upping his stake. is this a valuation play. these commodity shares and commodity companies have been beaten down so much that maybe they see an opportunity to make money? these guys are not charitable? >> no. if he was just doing some play to get exposure to commodities then there are other names that have fallen f

since carl icahn decided he wanted to. he's put out a video called danger ahead, warning of bursting bubbles in a $2 trillion disaster looming. but is the activist investor just talking his book and creating added fear in the market? charlie gasparino is going to join us to tell us why one of the nation's top banking analysts changed his mind about goldman sachs. and we'll talk a little bit more about the carl icahn video. charlie breaks it down next on "countdown." just like eddie, the first step to reaching your retirement goals is to visualize them. then, let the principal help you get there. join us as we celebrate eddie's retirement, and start planning your own. it's one of the most amazing things we build and it doesn't even fly. we build it in classrooms and exhibit halls, mentoring tomorrow's innovators. we build it raising roofs, preserving habitats and serving america's veterans. every day, thousands of boeing volunteers help make their communities the best they can be. building something better for all of us. ju

>> there is a bubble in carl icahn's house.he kind of houses they buy in cities like new york there is a bubble. deidre: now billionaire's row. >> that is a bubble. when the stock market, some days hang that market will get killed. deidre: carl icahn -- >> he lives in a bubble world. but, the single family home, the blackstone owned are not in a bubble. they got expensive re relative s that are not as far that much, i don't think that average home is in a bubble, it used to be a bubble. it was going to fall no matter. today something would have to happen to trigger a single family home to collapse in price. that would be either a raise in rates, but it could also be a decline in rates, if things stay like they are, a pretty good economy, not good, not bad, if rates go up all of a sudden, why would you buy an 8% mortgage. deidre: leave it there, "making money" next. >> marketing pullback from the cliff, but it was a disaster us quarter, and putin makes his move in syria, 3 i he is there o help the blood thirsty dictator that we

carl icahn has bought 100 million shares or 8.8% of the company. it's somewhat icronic that icah has a video coming out tomorrow. you have to wonder if he will make up his losses. maybe his hedge bet against junk bonds, he's a canny guy. again, china is the marginal buyer of copper. they use about 40% of the stock. freeport is unlikely to turn itself around. same goes for the black hole that is glenncorps, a gigantic copper miner that has fallen 77% for the year. remember, though, this is glenncorps's stock price. the company's bonds represent much more of its capital structure. they're down less as a percentage but much more in absolute terms. that's the real point of pain in the system. it's not only the actual miners. the street used to crave companies that did business in china. few did better than caterpillar with earth movers that china bought hand over fist. now caterpillar's stock is over 30% for 2015. it yields nearly 5%. the earnings and revenue estimates in my opinion are still way too high, which means they can be sliced. and when that

bigger deal apparently than carl icahn who is with me yesterday.aid we have real estate bubble growing. interest rates will go kablooy. end of the world as we know it. he didn't say quite like that. worried about the boomlet we're seeing in housing turn around. are you? >> icahn is one of the smartest men on earth. no one is disagreeing with that ucla school of business, andersen, said we're in beginning of a market. bubbles happen once every seven years. there is no rule of thumb. if you look over history, seven years. they believe that the market just rebounded in 2012. where as someone like carl icahn it started in 2010. i happen believe somewhere in the middle. neither here nor there. i never heard of three-year cycle. we're technically three or four years in the cycle. i think we have time. neil: he talked about how frothy things are getting, flipping property thing. >> it's a little crazy. new york is definitely, a little toned down. i feel that, because i'm looking to buy an apartment in new york. i remember what it was like even three month

way tonight pick up with scott wapner left off with carl icahn.hase is the joy ride is over for stocks. do you agree? >> i don't disagree if you're talking return expectations. i disagree if we're making an observation that a market is in correction after it corrected. markets have an awful lot to work through right now. we're concerned about global growth. we're concerned about earnings momentum. we're trying to figure out the sector dispersion and how it carries through and markets correct. we seem to have forgotten that. >> they do. i hear what he says less -- and scott asked him very directly, is this -- are we heading into a bear market. he didn't go there. he said the joy ride is over which suggests to me that he is level setting and he's correcting return expectations and that's what you expect. let's look into 2016. let's get past the fourth quarter. >> got it. >> because we're setting up for 2016 i think is one thing we could all agree on. what are your return expectations for 2016 on the s&p side? >> higher. >> higher. we're at 19 o00 no

>> carl icahn, he and i both were buying report mcmoran. think you don't sell here, you take every opportunity here, stuart, to sell if we get some sort of santa claus rally or if the tide changes the next few months, but i think we're in the jungle until april. i think we're in a bearish market. that means you can buy on the little dips and raise a little cash, but you've got to focus on the dividend payers, you can't focus on the momentum growth here on out for rest of the year. stuart:'s he done a good job of hand holding for our viewers, that's a question i get. a lot of nerves out there. i mean, all of this talk about a nasty crash coming, but you're saying don't get out, don't sell. and look for opportunities. buy some dividend plays and away you go. that's your point of view? >> yeah, that is a garden-- this is a recession, guys, it happens all the time. >> it's not a big deal. some big global crash, have we not been global crashing since august 24th. people are looking for this thing. this is the party that we're talking about. stua

manus: we have a release from carl icahn, the man who has warned the markets.es and almost a rhetorical question. so many reasons as they should raise rates because low rates -- almost by definition of building bubbles, real estate bubbles, building bubbles. question, he is talking about high-yield being junk. he is warning, warning. a bear market in europe and globally $800 billion wiped out yesterday. our markets already pricing in the end of quantitative easing and the cycle in rates? jonathan bell: they should be. there are 2 things. rates in the u.s. and in europe. they will remain low in europe and it will be extended. europe, low rates for a long time. u.s., if you look at the economy you would say words should be going up. good economic growth and low unemployment and hardly any inflation. the fed has a target of a moderate rate, it should be higherthey. should be raising rates and they would have if it was not for the chinese crisis months ago. now the question is still can they raise them? i think it's a are desperately looking for opportunity to rais

we'll have a lot more from my exclusive chat with carl icahn on tomorrow's show. suffice it to say he likes what he is hearing out of the donald. to adam brenter, freedomworks ceo. what do you make of that, adam? one of the thing carl icahn pounded that traditional politicians get you traditional solutions and this is outside of the political pietri dish. so go for it? >> well, i agree with that. traditional politicians tend to get you exact same results. i'm pretty happy when i look at field, some. people leading, people like carly fiorina and ben carson, people like ted cruz, traditionally been on that new guard, outside guard of republican politics. people who are tending to fall by the wayside, tend to be candidates of old or jeb bush, rightfully or wrongfully completely perceived, mostly rightfully, perceived as traditional, old-school republican gop candidate. neil: adam, the rap against these guys they can't adjust. with exception of michael bloomering about of new york, whatever your political feelings, it is very tough for a business titan to come in so u

. >> coming up, carl icahn says danger is just ahead.e'll have more from my conversation on the billionaire investor. plus, is professor jeremy seagull agreeing with mr mr. icahn's warnings, or does he still see dow 20,000? we'll ask him. plus, valiant shares caught in the crosshairs of the big biotech collapse. can this hedge fund darling turn it around? we'll discuss that and a whole lot more in about 15 minutes. >> all right. sounds good. thanks, scott. meanwhile, aaron sorkin's wrup coming steve jobs film is expected to be a different take on his life focussing more on his personality and close relationships. with more films on the tech icon entering the fray, current apple ceo tim cook has called those efforts opportunistic. sorkin says, though, that is not the case with his. >> tim cook has called these kind of films opportunistic. what's your kind of response to that? >> it's not opportunistic. tim cook hasn't seen the film yet or hadn't when he made that comment on colbert. nobody signed up for this movie to get rich. it's just n

carl icahn posted a video objecting to the fed's actions, saying they must raise rates. >> why shouldhey raise rates? it is almost a rhetorical question. there are so many reasons. are building bubbles, real estate bubbles, bubbles even in the online markets. jonathan: western leaders are trying to end the carnage in syria and must accept russia. that is the view of the italian prime minister, who spoke to us in an exclusive interview in new york. countrya is a great with a great system in future. imagine a future without russia clashed it is a mistake. . jonathan: welcome back. let's get you up to speed on where stocks are trading. 1%, a drop below 6000 points yesterday. we stay there. we are down almost 10% on the year. dax is also down by one full percent. of ftse mining index is rebounding, but it was the rout yesterday, i december 2008 low. now has a rout in asia as well, the hang seng down by 2.94% this morning. some news in india that we need to get to as well. the central bank lowered interest rates more than expected. the r.b.i. dropped rates by 50 basis points . wherego out

a warning from carl icahn. danger ahead, the billionaire investor lays out the problem facing the united states economy, including the risk of continued low interest rates. why should they raise rates? it is almost a rhetorical question because there are so many reasons. low rates almost by definition building bubbles. building real estate bubbles. even in the art market. kass joining us is doug who just put out a note today addressing karel icon comments. wondering if you could give us your thoughts. what exactly are you responding ?o in the video gekko > >> sure. carl is one of the best investors of all time, but as i wrote in the article, 15 minutes of lame, the article expresses my view of the video. i found little value in his video. his worries are all of our worries. the video is filled with hot progress see, including some of them in the portfolio holdings which has heavy concentration in deep calls. copper. are: but doug, these relatively new investments for carlicon, correct? -- icahn? >> that is corr

the nasdaq fell 142, billionaire investor carl icahn warns about the u.s. potential catastrophe in the u.s. economy, he says low interest rates, he says donald trump's opinion before the republican presents the presidential candidate reveals his economic proposals. >>> whole foods is cuting jobs >> that represents about 1.6% of the work force. some of the reductions will come through atricks. whole foods is trying to lower prices and costs to keep up with the competition. carl walker's daughter is suing meadow walker filed a lawsuit on behalf of her late movie star father paul walker. he died in a high speed car crash in november. the suit claims it lacked safe guards to protect the occupant. >>> apple breaks its record for iphone sales after apple sold more than 13 million iphones 6s and 6s-plus models in the first three days. that's three million more than the first weekend last year. >> now, jill, i hear today is the national day of intuition for one of america's favorite drinks. my favorite drink, coffee. does that mean we will get free coffee? >> absol

so carl icahn will make some changes and hopefully he ousts some management and gets it in direction. >> and believe it or not i'm going to an airline. and it is american airlines. sand you would think they would be further along than they are. and when you look at the debt in the company it. was $12 billion and now it is $15. and they've added to the debt. and others have been reducing the cash in a great way and the debt will get higher because they are going to refresh the airplanes themselves. so this only gets them into a worse spot quite frankly. so i'm concerned about this. still like the company. the olig onology, there are concerns if we see a downturn in the market place, american airlines is the names that could be under pressure. >>> and we do have breaking news on s&p 500 changes. to melissa. >>ver isk analystics is in and global is out. this will take place wednesday, october 7th. the commodities company down about 70% year-to-date to move to the s&p mid cap 400 and this will take place on wednesday october 7th. ver isk will join the s&p 500 then. >> thank you seema. >>>

carl icahn is a great businessman.would love to be able to help. >> coming up, donald trump gets specific on taxes, lays out his detailed plan to take out isis. that and more on this special edition of hannity. >> we have heads being chopped off because they're christian in the middle east. we have boarders where people ae being killed. the world is cracking up and they're worried about my tone. take a look at these bbq best cracked pepper sauce... most ribs eaten while calf roping... yep, greatness deserves recognition. you got any trophies, cowboy? ♪ whoomp there it is uh, yeah... well, uh, well there's this one. best insurance mobile app? yeah, two years in a row. well i'll be... does that thing just follow you around? like a little puppy! the award-winning geico app. download it today. >>> live from america's news headquarters, a kencky county clerk appealing the judge's issue to put her in jail for objecting to issue same-sex marriage licenses. she stopped issuing all marriage licenses in june when the u.s. suprem

"the donald" bagging a major endorsement from billionaire investor carl icahn.in our interview with neil cavuto. >> sounds like trump is your candidate. >> oh he is, he is definitely the best by far. somebody could come along genius in business maybe, you know, or maybe you don't. hey, i disagree with trump on certain issues. i will talk to him about it but right now definitely my pick. there is nobody close. david: so there it is. officially speaking. we hadn'tcation of this because "the donald" was talking up carl icahn for the past couple month now but you can watch the rest of neil's big interview tomorrow at 12 noon eastern time right here on fbn. melissa: so the cheating scandals has rocked volkswagen now expanding to other big names. this as germany launches an investigation into the company's former ceo. jeff flock has been following the story from very beginning. he is standing by at at volkswagen dealership in illinois. jeff, you are learning the embroiled former ceo is it still within the copany, is that right? >> reporter: amazing information that ha

carl icahn is saying the fed should make a move. street journal economists are split and what they should do. you see the rate hike as a buying opportunity. >> i see it as a buying opportunity at the right time and place. maria: does that mean wants the fed raises you expect a sell-off in stocks and you want to buy in? >> the great scenario here is this. we have a nice rally as we have been talking about this week because frankly everyone was saying that if we do and damned if they don't regarding the fed. futures were 8 to 90 points lower, now since everyone was position short, we have run up and now for me the great scenario is if they raise rates or don't raise rates the naysayers are right, get back to those levels if you are still in stocks you are happy because you could buy those back. i am no hurry to rush in, i was telling clients to take profits, even think about some short sales, hedges and so we will see what happens. maria: i wonder if the market sells off regardless. to get through this meeting, we could be a sell-off

he was speaking about his tax plan, with an endorsement like carl icahn.i want to bring in our white house correspondent phil mattingly. you have been listening into his estimate answer as well as his age on tax reform. it start for double on this idea of trade reform. he says the united states, if he is president will renegotiated our trade agreements and our military agreements. >> and build on what he said last night and that 60 minutes interview where he basically said he would and nafta. it is an interesting policy. that some democrats and labor unions have been pushing for a long time. a new administration comes in, -- they do not read with a agree with a trade agreement, they try to negotiate it altogether. it is something that donald trump said would be coupled with that tax plan that he just released what is interesting trump,s that donald while he is obviously leading in the polls and has been doing extremely well on the republican primaries has been criticized for not having a lot of details. when he is doing now in today's announcement is relea

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we do begin with the markets, and my conversation with billionaire investor carl icahn.arning, with that new video that danger is ahead and taking particular issue with corporate earnings. >> instead of taking the money that they can borrow and really investing in a lot of capital, new machinery, new equipment in their workers, to make them more productive, what they do with the money is almost perverse. they just go in and buy another company to show the analysts on wall street their earnings are going up, so their stock will go up, and it's financial engineering at its height. >> well, one thing icahn is apparently not worried about? his largest holding, apple. he said in a phone interview with me that he is sticking with that stock, revealing that the size of the position there is the same it's been. icahn telling me he thinks the stock is still under valued, but acknowledges that a broader market slide could hurt shares in the near term. i also asked icahn why he has built large stakes in the minor freeport and both have suffered mightily. icahn saying he bought free

carl icahn called me. he is a great guy. very successful. if i put carl icahn in charge of trade with china, believe me -- >> all right. that's donald trump speaking in dallas. he is giving us fairly standard stump speech although a long riff on the end of his relationship with nbc, particularly "apprentice." shouted out steve burke, ceo, said he's a great guy. wanted to make sure to get that on the record. talked about amicable divorce. talked about things happening in the up fronts, going through his multi-million dollar tv contract during his riff which i think is part of the populous outsider appeal that everyone has to ably chronicled. katy tur is joining me in dallas. how is it going over down there? >> reporter: this crowd is absolutely loving this speech. you could almost describe them as rabid. they're cheering, yelling, clapping, standing up for applause, screaming usa, usa at his immigration remarks. they're going alongside him at every move. it's almost like being at an old-school revival out here. people are very much into what

stephanie: carl icahn did not rescue casinos singly because unions stood in his way could he says that if these employees are willing to step out of their union contracts, i will hire them. because they wouldn't, he says go fish. john: it is also ecumenical. stephanie: almost what? john: even the democratic rich people hate the unions. stephanie: it stands in their way. if you are a super rich person, you don't want anything or blocking you. john: she is awesome. next, the candidate who says he shet resign as soon as reaches the white house. john: there is only one person in the oval office would make campaign finance reform is only issue on the trail. harvardlawrence lessig, professor and political activist who announced he is exploring a bid for the democratic nomination. he says he will jump in the she can raise $1 million by labor day, and he's getting close. recentlyn with lessig and asked him what he is doing what he is doing good explain the nature of the kind of campaign you are going to run. you said you would be a referendum resident. what does that mean? know from a one mill

andrew mentioned carl icahn's comments and boy does he know how to pick them. rl hitting it right with the timing this time around. you look from the record high and the s&p is off by 12%. check out this chart. >> this shows the nasdaq forming a death ross. that's where you have the short-term averages moving back below the long-term average and tends to spoke investors in a big way. in the last month we've seen death cross formations for the s&p, the dow, the russell 2000. now you have the nasdaq added up and that makes the four horse men that starks to freak people out and nasdaq held on until yesterday. here's a statistic for you: since 1979 there's been 13 times when all four indexes traded in the death cross. in each case the market returns over the next month or week. however performances got better with the market up 75% of the time three months after these death crosses formed. so look out in the near term. maybe better news three months from now. >> well, maybe it's only a death cross for the short sellers because to the point, three out of every four t

carl icahn has the details with mary. >> he now owns 100 million shares of freeport raising the stake to 8.8%. back on august 27th he disclosed that 8.5% stake in the minor, after it said it is cutting the mining budget by 25% and laying off 10% of the u.s. work force. stock barely budging on the news but upping his stake to 8.8% or 100 million shares. >> thank you. and the filing was made and today the action was horrendous. down 10%. >> it was down 11%. it is a gambling term. but chasing -- basically chasing bad money with good money. i think that is what this is. they can clean up balance sheets and do whatever they want at freeport mcmoran, unless you have an end user, you don't have anything. and they don't have it. copper making new lows almost every day and the energy market doesn't get out of its way and both of those are freeport. >> and i don't agree. when i look at copper, i think at the major commodities and it is the most risk of supply disruption. you have a place whereby 2016 tells me we're in supply. the issue is the core licenses and this is the big risk, it is the e.

shorting a stock that carl icahn made a big bet on.ll get the clash of these two titans coming up. >>> plus, the clock is ticking on marissa mayers now that there's major tax questions about the alibaba spinoff. you're watching cnbc, first in business worldwide. >>> welcome back. here's a reminder of how we just finished the session on wall street. in fact, it was one that saw a sharp reversal of 440-point swing from the gains of the open to the losses at the close. the dow gave up 239 points or about 1.5%. the s&p gave up about 1.4, the nasdaq 1.15. crude down another 4%. breaking news on express scripps. >> we've got a board change. this is a large pharmacy benefits company. they are saying in a press release that they announced george pas will retire as the current ceo effective following the annual meeting of stockholders in may of 2016. the current president of the company, tim wentworth will take on the role of ceo. he will remain on the board as non-executive chairman. thomas mcmahnn will continue as the lead director. ceo, reti

stephanie: carl icahn did not go to atlantic city and rescue casinos specifically because unions stoodn his way. he said, if these employees and casinos are willing to step out of their union contracts, i will hire them. because they wouldn't, he says go fish. john: it is almost ecumenical. you get these rich guys -- stephanie: almost what? john: you get democratic rich people -- even the democratic rich people hate the unions. stephanie: it stands in their way. listen, if you are a super rich person, you don't want anything road-blocking you. john: she is awesome. stephanie: what was that word? john: up next, my interview with the potential presidential candidate who says he will resign as soon as he reaches the white house. we will be right back with that after these messages. ♪ john: there is only one person eying the oval office who would make campaign finance reform his only issue on the trail. that is lawrence lessig, the harvard law professor and political activist who announced earlier this month that he is exploring a bid for the democratic nomination. he says he will jump in

it's actual dollars. >> it's dollars. >> talk about carl icahn. >> the biggest endorsement that he's is the billionaire investor in apple. he came out in a video that he released on his website to reporters saying that this country needs to wake up and it needs somebody to wake it up. he's not necessarily agreeing with trump's policies but he does think that trump can go out there and shake things up and make a difference. trump has invoked icahn's name a number of times on the trial. unstump speech you hear where he talks about china and japan and how we need to have better trade deals and better negotiators. he says i'm going to bring in somebody like carl icahn and he's going to be the guy that deals with china, he's going to be the guy that deals with japan. >> now he's saying it could be him. >> he tweeted after one of the debates he would be up for doing it. this is one of the areas where trump's big ideas is coming to fruition. >> always a pleasure to see you. haven't seen you since laredo. >> where is my margarita and guacamole. >>> up next, we're expecting to hear -- thank y