alix: two words for you, carl icahn. carl icahn had a 13% stake in cheniere energy.ce did not do good through august. in november, sharif souki got the boot. carl icahn said that sharif souki had harebrained ideas and did not want him running the company anymore. he took a very activist stake in the company. what sharif said he wanted to grow cheniere energy very just on the, not export terminal side, but into oil. he wanted to diversify into oil expert terminals as well. carl icahn wanted to streamline it and make it more of a predictable business at the end of the day. i am pure phrasing there. when i spoke to neil shearer, the interim ceo, he said, the ceo and board run cheniere energy. my interpretation is that carl icahn wasn't and wasn't having day-to-day operational expertise. however, you can imagine that the new ceo of cheniere energy would not get his spot without carl icon approval. near -- they said they are turning it into a predictable business model. not a lot of growth or exposure to any kind of growth or expansion. that thing will utility operational

there is no change to what allergan does, but i think that carl icahn with the great timing has comen to place it once this teal is about to close in the next month, and the company with a big influx of cash, and detinue tral, and buying back stock. >> and what does that mean for allergan, and what they will do next from the strategic standpoint, with carl in there? >> well, you know, in is a call that not everybody wants the get, because even though carl icahn is not call ing fing for activist position to be calling for the change of the board, but he is focusing on the shareholder returns, and the smart buybacks, and smart deas.s >> what rating on the stock currently? >> buy rating or the outperform rating on the company. >> and you had that before you found out about this? >> correct. >> and so you anticipate another sort of the deal of size to make up for the fact that pfizer is not? >> well, no, i think that they will continue to do both deals, and they recently announced a big stock buyback, $5 billion stock buyback, and they might do another five or six billion, and they will

or do you drink from the found an of carl icahn and that might ruin the apple story? you need to answer these questions. i'm thrilled to be spending some real-time with tim cook, the ceo of apple. not for me to give you the risks or spell out the potential awards but for to you learn about apple and yourself. can you take a short term pain before some long term gain? a successful investor needs to be the story and how long it will take. apple's tim cook is right around the corner. so let's go find out. talk to eva in maryland. >> caller: hello. my teacher asked me what your thoughts on underarmor were. >> this is a classic example of long material versus short material. am i concerned about underarmor now that sports authority is liquidating? that kind of apparel? the answer is, i'm not worried about kevin plank. i think he gets to be able to do great. long term. love it. bits more than just finances. ask yourself what your time frame is. or "mad money." my exclusive with apple's tim cook. 53 million shares from the company. should you follow his lead? do not make a m

carl icahn has taken what he calls a large position in allegan. he is very supportive of the ceo. at is your business flash up eight. let's bring in our health care reporter drew armstrong. icahn, talk about carl he has bet on a lot of big companies, apple, other names. he pushes the move that he thinks will raise shareholder value. what does he have in store for allegan? does take pains to say brent saunders is a great guy. he has a long history with him. he supported him when icon was fighting with forest labs. by octavius.ught these guys go way back. icon believes in this guy. that said, it's not as if carl icahn has not said take a look at apple. he took a stake in apple. he said he likes tim cook in the management strategy. he demanded that they use their cash to pay back shareholders. that does not necessarily mean that he isn't going to want something or have a role he thinks he can play in the company's future. it's at april point right now. scarlet: we should not assume this is a friendly situation. friendly.ight be there is a broad spectrum on how activist carl icahn can

that is still a sizable stake for carl icahn and paypal.very vocal in pushing for ebay to spin off paypal as well. so his stake is still -- joe: good on tech overall. scarlet: and news on george silvers filings as well. let's go pull it up. do we have that right now? ok, i am getting the word from the producer it is under ni heads. only, do you know that company? george is reporting stake in this as well. glty. , sp y and we will continue monitoring these headlines from those filings. "what'd you miss?" we are pointing to economic data in china. china's economy grind down the year in april. industrial production came in at 6%, down from 6.8% in march and missing estimates. retail sales also missing forecast. just over 10%, and -- joe: let's go to the chief strategist with silver crest asset management. he has also served on the american chamber of commerce in china. ? is as good as it gets we have a few months or we are showing react celebration in china? acceleration? we are backing down now. >> it should not be surprising. , the definitio

. >> and does it put you at odds with carl icahn, and what is your take on the chineer? h >> well, the bull case miscategorizes the bear case. the bulls believe that contracts are no good, but we agree with bears that it is money good. and so when he -- >> that is a real thing. >> yes, the problem is that you are simply overpaying for it with no chance at all for crossover runs, and with that, cheniere's cost estimates are too low in the forecast, and having said all that, you are paying a ridiculous price for 2020 or 2021 cash flows relative to almost any other type of energy infrafrauk chstructure p you can buy today. so people are paying up for a wealth income stream which we believe is overstated due to cost estimates and not the reven revenues, but the maintenance cap x on $30 billion of iron and steel in the swamp as we say, is 200 million in the year and that is a 150-year life, and that is a little bit too lo low. and so, if you are putting in more reasonables assumptions, yu can get to the point where you are paying 2x to 3x to 4x what you can buy other energy-t

. >> we are going to tell the carl icahns of the world that that greed is not acceptable. >> reporter: icahn now owns the struggling trump taj mahal casino, locked in a issue over the benefit to slash costs. the union had a strong showing here today endorsed sanders. >> it is tragic when you are talking about workers seeing cuts in wages, pensions -- >> bernie, i know that. that's what i came out for. >> reporter: new jersey's june 7th primary is extremely important to his campaign. despite trailing hillary clinton, he told supporters he's fighting on along what he acknowledged is a narrow path. >> it is an uphill fight, but i have been used to uphill fights my entire life. >> he's not going to give up, so i don't think we should give up on him. >> reporter: sanders spoke far less of hillary clinton today than he did the trump and icahn. for him to succeed, he says new jersey needs to have the highest voter turnout in the state's history for a democratic primary. live in our jersey shore bureau in atlantic city, ted greenberg, nbc 10 news. >>> hillary clinton is also coming to campaig

one of them was carl icahn.tunately for us, because of the volatility of our stock, carl icahn bought low and sold out. we never really got the public exposure that marissa mayer has gotten. i think she started with a tough hand that was dealt to her and quite frankly, she needs to play it out. don't let an activist push you to do something you don't strategically believe in. to the extent that her board supports her, then hang tough. emily: diversity is an issue we have talked about a lot when it comes to the technology industry and the lack thereof when it comes to women and minorities. given how many years you have spent in the industry, where have you seen the most progress and where is there still the most work to be done? >> some of the more established companies have clearly done a better job. older companies like ibm have done a terrific job of at least raising the issue and trying to do something about it. it ultimately comes down to the numbers, not the words. numbers don't necessarily support the word

allergan issued a statement in response to carl icahn's investment. carl icahn and has no reason to believe that this investment was made for purposes of influencing the actions of management or control of the company. we welcome all investors who recognize the value of our business. the company is grateful for the confidence of our investors whether they are new holders or have been long-term investors. that a formal statement coming from allergan. latest development there in what's happening. again, we're watching those shares up about a percent. more "squawk on the street" when we return. 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. then i got a medicare supplement insurance plan. [ male announcer ] if you're eligible for medicare, 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.

>> it's an interesting injection of carl icahn. he's been mentioned often by donald trump as a treasury secretary. he was targeted by bernie sanders in atlantic city who went off donald trump and carl icahn for failed casino projects that have caused job losses. and carl icahn has fired back against bernie sanders who's accused him and donald trump of greed and saying that they can't have it all in this country. carl icahn said that bernie sanders was doing the bidding of a union that was profiting from the health insurance policies that the union ints sold to employees, but he also said that he agreed with bernie sanders that the income gap in this country is too large, it's a big problem to be dealt with and he said owners in capital including ceos are ridiculously overpaid and that's a problem the united states needs to deal with. an interesting acknowledgment from that side that they're raising, a come of them, significant and worth debating, guys. >> actually we've heard that from donald trump too. he talked about raising taxe

will golike carl icahn and it will be an interesting few months.hat we are all gearing up for right now is the american society -- probably the biggest hereal meeting there is and we have all of these companies coming out and releasing interesting data. they will show some impressive data, some improvement in aml patients. data theyhave key will present us with as well. they're looking to help justify the deal. >> thank you for joining us and talking about the pharma, just the drug industry in general. coming up next, on bloomberg markets, trimming their monthly gains with the dow now negative. we next discuss how janet yellen and the fed might take a break on equities. ♪ >> let's get a quick check of the u.s. stock right now. all industries are down right now. .he dow jones is down nasdaq this afternoon. time for a look at the biggest business stories in the news right now. goldman sachs president gary is she financing and low rates are feeling mergers and visions in 2015 and the outlook for that business remains bright. optimistic about goldman's

talking about the watch, carl icahn said you'd sell 20 million and instead you sold one-third of that. he says we never said 20 million. who said 20 million? >> apple is a company where they're not going to telegraph their moon shots in a way google or facebook will and does. >> no. they never have. as we know things are in secrecy. everything covered when anybody goes to the headquarters some of the new stuff is all covered over. but, jim, i think you're making important point here, but i have to wonder is this move to have people focusing on services a move of necessity, or was it part of a long-held plan? and regardless, when you talk about a company that is then relying on recurring cash flow stream, which is a positive in a lot of ways and not as much on device sales and on the choppiness there, and not as much necessarily on growth from those sales any longer, how do you go about valuing it? what does it look like -- what's it peer group look like? >> well, look, this is the issue. a lot of people feel it's just a dodge. out of nowhere we're talking service revenue. i pressed hi

a hedge fund managed by carl icahn's protÉge has taken nearly 10% stake.tter to the board, he suggested pandora should explore the pen -- potential value to shareholders. to have themaid the help of morgan stanley earlier this year but with the reestablishment of tim westergren as ceo, the idea appears to be off the table. >> it is full steam ahead. by timhe said he was ron westergren returning to the helm of pandora. inres closed 6% higher tuesday trading. spell up, will the fiasco trouble for the wider online lending space? and if you like bloomberg news, check us out on the radio at bloomberg.com. ♪ mark: let's begin with a check of your first word news directly authorities raised areas of deadly bombings was likely carried out by islamic eight. at least 69 people were killed and three outdoor market and a restaurant in baghdad. amtrak says it will review the findings by the national trance patient safety or on what led to last years fatal derailment in philadelphia. the chairman of the ntsc praise the trains engineer and what blame on the equipment. >>

and the carl icahns of the world feeling a little sheepish about how much he's being paid.w, the guy is a -- he's a real agent of creative destruction in the capitalism world. and you don't want that to go away. neil: the one fortunately you hear, though, to correct this gap between the rich and the poor is to forcibly raise the wages of those on the lowest rung of the ladder. the hourly wage workers to $15, more than double it. and then forcibly have the rich pay more in taxes and that will at least have an effect of making it look like it shrunk. now, that tends to be the solution. what do you think of that solution? >> i think the minimum wage thing is insanity. and you're seeing it right now -- everywhere where that's being gusted, you know, the fast food restaurants are looking at automation solutions and organized kiosks. that whole bottom end of the ladder is being obliterated, and continue will be. you can't possibly work to fix an actual working market by putting an artificial floor on those wages. and it will without question materially and dramatically hurt the p

inyes, warren buffett is with apple but they disagreed with carl icahn.berkshire hathaway revealed a stake of 9.8 million shares in apple worth about $1.1 billion. he typically avoids tech stocks but is making more ventures as of late. 30% since the middle of last year, but lifted and closed 3.7%. last month, icahn said he sold his shares in apple over concerns of their relationship with china. in thehey have confidence company and including the new iphone. a secret for 41 years, u.s. reveals how much debt is owed by saudi arabia -- $116 billion. two years ago, it was $82.8 billion. by request was filed bloomberg news. saudi arabia ranks only among the top 12 foreign nations overall. china has $1.2 trillion and japan with $1.1 trillion. bankts of japan's largest is being squeezed by the doj's negative rate policy. four years, it is inspected to fall 11% for the financial year. that is lower than the average of the analysts forecast. we have seen the number come in at 90. the bank sees negative rates putting pressure on low oil nnd that costs due to -- i f

well, he did addressed china, and they were changing it up which carl icahn told me was his main reason for selling out of the the stock. >> we no longer have a position in apple, and you worry a little bit and maybe more than a little about china's attitude. in what you have been een seein >> well, tim cook says it is a strong source of revenue, and let's listen in to him. >> and the revenues in china were larger than any other foreign company, and in greater china, the revenues were $58 billion and we did fairly well in china, and done fairly well, and despite the short term turbulence here, we are doing well now. >> and these are two separate situations. icahn is talking about the relationship of the chinese government and the companies doing business there and the risks involved and i am sure that every company doing business there are going to include significant risks including mr. cook if he were here, but mr. cook is talking about the revenues in china and how they had the year over year decline. what do you make of both of the angles and what it should factor into the stock? >>

an investor carl icahn recently doubled down on a bid., brazil has a new acting president. an shellshocked investors look for clues on the industry's hell. minutes --es in just industry's help. those stories in just minutes. the major index get most of the gains leading little right now. the big mover of course was apple trading near

carl icahn was prepared to value the company at $15 billion when he made his investment. but notwas harebrained, harp -- maybe it was harebrained, but not harebrained enough to make them from making the investment back in august. alix: he bought into it, so basically, what changed? those are strong words coming from him, right? mr. souki: it was unfortunate. i do not think it was called for. i think we both agree on the fact that he caused my departure. he wanted me fire, and i got fired. i think we agree on that score. alix: [laughter] no point inhere is being called harebrained or not harebrained. it is a fact of life. we disagree on fetish -- strategy for the future, and he prevailed. good look for him and the company. i am rooting for him. i'm still a shareholder. not quite as large as he is. alix: he owns a little over 13%. you told me you all over 3 million shares and you will hold -- to five years. mr. souki: i wish the company best. when we last spoke, you mentioned that perhaps cheniere &a target. good m sco has experience with buyouts. you think his appointment

carl icahn said that apple would have a $1 trillion market cap.: a lot of these productions have been crazy. let's talk about the car. let's talk about the reality where apple is. we are entering the era where i don't think we are going to see the kind of breakout products that smart phones and pc's were for some time. we have got vr, wearables but none of them are going to get anywhere near as big as these other categories. that means you've got to have multiple bets. the car thing is interesting. i was in detroit talking to carmakers. there is this sense that the possibility for disruption in the auto business is huge. however, there is also a lack of awareness by tech companies on how hard it is to build a car. that is going to be challenged for apple to overcome in the near term. emily: bob o'donnell, thank you as always for joining us. david kirkpatrick sticks with me. the former tesla executive -- protera's ceo joins me to talk about his futuristic fleet next. ♪ >> the top stories is this hour. asian stocks are set for a third weekly loss. e

carl icahn just disclosed he no longer has a stake in the company.iscuss, shira ovide from new york as well as reporter noah bureau how. i will start with you. what buffett has said is one of his two investment managers made this investment and didn't it.ult him on what do you read into this big bet on apple? noah: there is nothing nefarious going on. buffett has two deputy investment managers. he in trusts of them with $9 billion each of berkshire's capital that they go out and get to invest in a way they see fit. what we have seen is one of these guys, they happen to be younger than buffett who is 85 hisf these deputies is in 40's, another in his 50's -- one of those guys liked what he saw and put $1 billion to work for apple in the first quarter. i spoke with a lot of investors today, and some of the themes they were hitting on is that apple has a ton of cash. it was trading at a pretty low multiple, and so investors that like good value, maybe there was some opportunity there. emily: the two investment managers we are talking about, weschler.it's

carl icahn sold all his shares.ion about whether apple really is a growth stock in the future. when we look at the services, and he goes back to apple music and the idea is going to ultimately make up for some portion that hardware will not account for the future, how much growth are we expecting in the services business? how much potential does apple music have if they get it right? alex: as a proportion of apple's total revenue, it's not a massive percentage. about 11.5% total. if you compare that to netflix, it's a big business. pushing $20 billion in revenue for services. that is everything for music, icloud, sales on the app store. to 50%-20% growing per quarter which they are, it's a big business for them. not as big as the itunes business. the hardware is where they make the money. emily: we will be watching in about a month. alex, think he so much. apple hascond time lost a battle for the use of the iphone trademark in china. a beijing court decided a little leather goods maker could use the label for its wa

he basically is a guy and his friend carl icahn is another guy who's created a lot of jobs.nabler language and going after hillary clinton, talking with sam clovis earlier. i mean, square up. she looks like she is reeling just a bit. and the silence from her surrogates tells us also a great deal, don't you think? >> well, look, i think it is a dark chapter, frankly, in american history that bill >> kristol objected to romney for the longest time in 2012. romney blew an election he should have won. lou: a number of people have called him the worst candidate imaginable for the time. and this candidate that we've got now, the presumptive nominee of the party, he is unlike anybody we've seen before. will he be able, in your judgment, to build enough reagan democrats or trump democrats into the equation to overcome any slippage as a result? be by the way, i can't imagine anyone following romney. i can't imagine anybody following mccain or -- well, mccain, actually, i should take that back. mccain supports donald trump. but any of these people. i mean -- >> this guy is a tough guy

the union, with a strong showing here today, endorsed sanders. >> we all got to tell the carl icahns of the world, that that greed is not acceptable. >> he's not a typical politician although he's been in politics all these years. >> reporter: he told supporters he's fighting on. and how he needs a huge voter turnout in the garden state june 7th primary. >> new jersey is extremely important to us. there are nine states left, new jersey is second largest in terms of delegates. we have to win them. >> worth fighting the good fight over. i'm there for him all the way through. >> reporter: sanders acknowledged that he's in an uphill fight but said he's. used to uphill fights his entire life. meantime, hillary clinton is set to campaign in camden county wednesday. live in the jersey shore bureau in atlantic city, ted greenberg, nbc 10 news. >> if you live in new jersey and want to vote in the june 7 primary, there is time left to register. the deadline is may 17th. >> trump is talking to christie to lead the transition team if he wins the white house. they have been preparing for the elec

david: we have been talking about what carl icahn thinks about apple. talk about what he thinks about aig. aig posted a third straight loss yesterday. that's coming up next on bloomberg go. ♪ matt: this is bloomberg go. coming up in the next hour, gregory nassour. ♪ this is bloomberg go. i'm jonathan ferro. bp has thrown in the towel in the fight over the 2010 oil spill. almost $1 billion in damages to fishermen and seafood processors it said did not exist. lawyers for the seafood industry , claimed bp, fraudulently inflated the number of claims. in new been investing technology like a self driving electric cars. the company -- hopes it could replace its flagship model. hugo boss promises to close stores that cannot make a profit. hugo boss is struggling with lackluster demand in asia and discounting in the u.s.. : aig shares are down. seeing its biggest loss in hedge funds. sure knowledgeis --ss li billionave about $810 -- they have about a $10 billion hedge fund portfolio. is they haveut aig said they are going to cut their holdings by half. david: th

private equity firms, hedge funds, people like carl icahn.t do you make of that trend, is it creating more competition for you? beth: it is so incredibly competitive out there that we have to wake up every morning and compete to win and work with the best entrepreneurs. john: never been a better time than now to create a company. emily: it is great for companies but is it great for investors? john: if the markets were not growing, it would be bad for investors. but that is not the case. we are in the midst of insurmountable opportunity. emily: so other investors have been a bit more about doomsday about the scenario going on, saying that there are startups out there that are burning cash, burn rates are too igh. beth: the cycle of success and failure goes on all the time. and i think we will see the same thing here. if a company is at too high of a valuation and that they are raising too much money, that will not last. john: companies will fail, you can only lose one time your money. if you invent a really valuable new service or kind of prod

think about these takeover kings like carl icahn who puts pressure on, maybe he's not willing to do something, but he wants to communicate something. i think that's in part what we saw from trump. you're on notice, and all the europeans i talk to are nervous about this. >> what is this? is this the one thing -- >> i have to laugh. >> one thing with trump that you agree with? >> john, now, i have to laugh, eric, i mean, when i hear "fair share," that term is straight up obama. i mean, that's straight out of obama's mouth. that's his whole thing. trump is really not being truthful on this one. it's not trouthful the u.s. funs nato, befund 22%, less than a quarter, and it's not too much more than what england funds in terms of nato. because trump is ideological, he doesn't see the purpose of defending, but it's to defend america. north korea is threatening the united states with nuclear war. we don't think we should protect not only our interests helping south korea defend against that? >> if they are not paying at all dr. >> fair share. >> whateverment fair share is -- you are trying to -- equa

i'm not going to ignore thinkang carl icahn is doing in any type of transaction in the capital markets. >> you have to put the profit in perspective when you talk about why -- >> i should have a higher degree of concern and higher degree of focus on what buffett's group is doing? i disagree. >> i'm not saying that. i'm saying given the timing of the fact people were assessing really where apple was, the stock had come down, everybody has said it's a value stock, it's so cheap, cheap, cheap. it's nine times this, 11 times this. >> it was cheap at $130. >> why has the stock gone up consistently since the news of the berkshire buy happened? >> because people are focusing on trading the stock. all we heard about was the possible break below $90 which happened. when it broke 90, was going to 85, 80 in a flash, that never happened. people got turned the wrong way. >> am i on an island here? >> no. i think what happened was your interview with carl, when carl basically said i'm out of everything because of china. i'm shortening it up but that was the crib notes version. and by the way, i made

carl icahn got out of apple. you have famed investors getting out and a famed investor getting in. >> i'm just saying how the market seems to be perceiving the berkshire news because again, this wasn't buffett himself per se, but the two associates who run the portfolio. >> maybe. maybe it is. you know, they have complete autonomy with air quotes, right, because -- >> they don't have any autonomy. >> it's a billion dollars and they run 20% of the portfolio into one stock? i don't know if that's all them. >> the market is bidding oil up 3.5% because it deems the berkshire position to be an overall bullish sign for the stock. no? >> note where the rally stopped. 92 with support for apple going back a long time, now it's probably resistance since it's broken below. don't be shocked by that. >> the institutional investors won't look and say it's time to get back in. it's more the retail investor. wow, buffett's in, let's follow him. short term gets a little backstop but i can see this going lower. it's a very liquid

i want to turn back the clock a few days and remember that carl icahn came out and sold the stock and that warren buffett is buying it. so someone who's a corporate raider, someone who's more of a trade trader and someone else is buying the stock. i think that's great for shareholders. >> you own shares of apple, right? >> we own apple. actually we bought it -- we owned it on growth portfolio. the dividend yield was great. but we think this also marks a change in the thinking of warren buffett because now he's allowing some of the newer fresher blood to think a little bit out of the box. and, finally, warren buffett is making a true technology investment which is really kind of an old world technology investment. >> interestingly, mark, there are others who would say, uh-oh, isn't this a sign that apple is the new old world investment that his might be behind it now. >> you know, what's buffett doing in apple, okay? apple is not a val yaw stock in any way, shape, or form. the problem he's got is he's been telling people he likes to invest in his technology zone. it doesn't have any du

it didn't happen that carl icahn told cnbc viewers he sold out of his entire position either. apple had its worst week since january 2013. and it lost $62 billion of market value. that's a lot of money. let's put it this way. $62 billion, what apple lost, is worth more than the market caps of 434 members of the s&p 500 index. it's like, for perspective here, losing the entire value of, say, an american express, or biogen or worth two valero energies or three hormels. now it's about whether the stock has caught the attention of some of those value-geared traders. back over to you, melissa. i mean, simon. just kidding. i knew it was you. >> let's send it over to carter. how do the charts look here. >> if we know, uptrend is defined, and clearly uptrend for quite some time. higher highs and higher lows. down trend is the opposite. that's where we have been for the better part of a year. you can draw your lines any way you want. as charters or technicians are inclined to do. a triple top. here's another way. we have come right back to the new down trend. and we're failing. here's

carl icahn, donald trump, you guys are not going to get it all.oing to change this economy, we're going to create an economy that works for dishwashers, that works for minimum wagers. >> now, most of sanders' speech was about his campaign themes like a $15 an hour minimum wage and free college tuition and medicare for all, but his visit to atlantic city sends a larger message according to one of the councilmen who helped introduce sanders at the rally. >> the fact that the economy was impacted, we had a a casino that was doing wonderfully, but because the general consensus of the board says, no, we can make more money someplace else, it took out 14,000 jobs. >> dell delgado says sanders' campaign themes are a perfect fit for the troubles atlantic city is facing. casinos closed, and the city found itself in a financial meltdown. now it's caught between north and south jersey, and there's no sign that the stalemate is going to subside anytime soon as atlantic city inches ever closer to bankruptcy since it's running out of cash. sanders' visit isn't

betty: carl icahn's representative will join the board. what preparations are being made? have they had any influence on the last several months? peter: like any new board member, this be the time of engagement to give access to information that will make them as effective as possible. we are happy to say that engagement has found common ground. in terms of investing and focusing where the company can win in the long term, we are optimistic they have a large stake in aig. their interests are highly aligned. we are building a long-term value for the company. betty: has their activism over the last several quarters in any way your ability to keep your eye on the ball and aig? peter: there were many more distracting things going on. aig employees, all 60,000 of them, have a norma's resilience. they can keep their eye on the ball and not be distracted by the press or any other factors. resultsiver improving and control the things that they can control. i'm no different than the rest of the employees. betty: it's great to see you. thank you so much. i'm going to join you back i

carl icahn cut to junk status. the agency caught icon enterprises from triple d minus.he value ratio is expected to say to 60% over the next of the year. that is your business flash update. and the day fundamentals are still there to drive the market, the assessment from the globals -- goldman sachs global investment m&a. he to alec still in an exclusive interview at the finance conference in california and talked about the m&a pipeline and regulatory issues surrounding market. the m&a vice -- environment is quite good though down from the 2015 record levels. 20% from last year, which probably understates the drop off. it is down like 35%. the real difference is the lack of transactions. we are at about half the same level as we were last year. the pipeline still does not have as many dig -- big deals. it is across all sectors. the health care sector continues to be active. we have seen a lot of pickup inactivity and consumer. i think we are bullish about the pipeline. it is a lack of the transactions that inviting the pickup last june that we have not seen as much. the

scarlet: how much you look at active investors like carl icahn? they would agitate for some of those necessary things. >> we do this totally independently from what analysts look for. we usually come back to a company or stock, but not because we are looking for assets per se. alix: you mentioned health care and tech. why are those two where you see them owner you see them in the stability bucket, and they are more representative. -- macro sensitive. health care is growing, good revenue, the top line, dividends growth. the valuations that are attractive compared to other stable growers like staples and utilities. that is what we are seeing on that side. with the economic census side, we see financials. and banks particularly. historically banks had equity before the financial crisis. we think they can become that again. they have been dividend constrained for a couple of years were they had to use free cash flow to build their balance sheet. they are such a point they can return, increasingly return that capital to shareholders. scarlet: they had

late breaking that carl icahn called has taken what he a large position in the company and is supportivef the ceo. .hares of one quarter percent typically when it reaches 5% you would have to report the details . we can presume it was lower than 5%. betty: stocks are pretty much had it -- why is that? what about reaction in the market? julie: we are seeing a push and pull looking at the fed outlook. i want to mention that we are seeing in other assets. we are seeing more of the movement, particularly in oil prices which we saw spike of in 15 minutes ago. -- spike up 15 minutes ago. it might be related to the saudi arabian report saying they might be seeking a $15 billion on sale. it is unclear -- the timing would seem to coincide, but oil is getting closer to $50 a barrel. that is why we are seeing the gain in energy stocks. treasury is something we are watching. stocks are outpacing gains. this narrative in the fed is beginning to change. the 10 year yield is actually at a one-month high, which is what you would expect given the changing outlook, 1.88% is where the 10-year yield is. mar

one of them was carl icahn.ortunately for us, because of the volatility of the stock, he bought low in the stock moved and he sold out. we never really got the public exposure, if you will, that marissa mayer has got. with a toughtarted hand that was dealt to her and quite frankly, she's to play it out. don't let an activist push you to do something you don't strategically believe in. to the extent or board supports her, hang tough. emily: this is an issue if talked about a lot which is diversity. that's when it comes to women and minorities. given how money years in this industry, where have you seen the most progress and where do you think there is still the most work to be done? >> some of the more established companies have clearly done a better job, older companies like ibm and companies like intel have done a terrific job of at least raising the issue and trying to do something about it. it ultimately comes down to the numbers, not the words. numbers do not necessarily support the words right now. i was qu

an investor carl icahn recently doubled down on a bid.oe: plus, brazil has a new acting president. an shellshocked investors look for clues on the industry's hell. minutes --es in just industry's help. those stories in just minutes. the major index get most of the gains leading little right now. the big mover of course was apple trading near a two year low. kidding, it ist down and today was not a boom day. alix: the fact that retail and apple just got hit was actually kind of impressive. we have to look at coal to look at the damage and that retailers were dealt today. call was called the worst-performing stock in the s&p today and you can really see how bad it was. it is down to its lowest level since 2009. people aren't buying apparel, they are not buying clothes, and that has changed the whole retail sector. macy's and gap has their own problems and apple has a similar story. this illustrates really how ugly it was for them today. low.y a two year we heard that apple's asian suppliers will week and that they really rolled -- were weaj

the selling was led by billionaire carl icahn. 52 week low in may, but those shares have rebounded 7%. regaining the title of the world's most valuable company. the most popular is up 12% this year, facebook. the top 50 hedge funds above 3 million shares of facebook in the first quarter. >> apple having a tough time. >> it is funny. the darling of wall street is not so much the darling of wall street. >>> a police officer killed in the line of duty setting off an 18-hour standoff and manhunt. >>> a touching tribute for prince at the billboard music awards. you want to stay for this next. >>> breaking overnight. an 18-hour manhunt leading into a standoff. authorities say 35-year-old jorge zambrano killed a 42-year-old father of three. this happened early sunday morning. zambrano later broke into a friend's house to hide. listen to that friend describe his final encounter with zambrano moments before police killed him. >> i saw police out there. i thought what the hell's going on. he sat down and was depressed. i can tell you i didn

carl icahn dropped his stock. the stock is a good value compared with other s&p values.pple had quite a move. mom and pop still holding on. >>> "early start" continues right now. >> the last man standing. donald trump is the only republican left in this race. he speaks to cnn about the general election fight in front of him. >>> hillary clinton taking aim at donald trump and speaking with cnn about the presumptive republican nominee and the democratic party challenger she cannot shake. good morning. nice to see you. welcome to "early start." i'm christine romans. >> i'm john berman. it is thursday, may 5th. donald trump has cleared the field. he is the presumptive republican nominee. even so, he is on the campaign trail in west virginia which votes next tuesday. he is the last man standing after ohio governor john kasich dropped out. trump tells cnn he has his eyes fixed firmly on november. >> do you think the general election campaign has already started? you versus hillary clinton? for all practical purposes bernie sanders is out? >> i think there has been a flip. i'm

carl icahn claimed responsibility for that. what's your response to his comments? a company that is almost bankrupt in 2009-2010 that wants to actually start a program that you invest $25 billion and become one of the largest exporters of natural gas in the world may seem harebrained. but at the end of the day, mr. cahn was prepared to -- it was not harebrained enough to keep him for making the investment in august. alix: those were pretty strong words coming from him, right? charif: it's unfortunate. i don't think it was called for. i think we both agree on the fact that he caused my departure. he wanted me fired and i was fired. so we are even on that score. [laughter] there's no point in being called harebrained or not harebrained. it is a fact of life. he disagreed on strategy for the future and he prevailed. so good luck to him and good luck to the company. i'm rooting for him. not quite as large as he is. alix: fair point. he owns a little more than 13%. but you still own 3 million shares. you told me you would hold them for two to three years. is that still

underw that aig has been pressure from activists, from people like carl icahn, don polson, and peterck. this would give united guaranty about $4 billion if successful. once more, aig, the mortgage insurer part of it, looking to million andn $700 $800 million in an ipo. the countdown to the april jobs report. employers added 200,000 jobs last month. kaplan last hour, robert said he would like to see more market improvement before another rate increase. it seems like they are really pushing this idea of a july meeting. big difference between a live meeting and a rate hike is realistically a possibility. i don't think june is a realistic possibility after what , a disappointing performance in q1. , heie: in this interview did say that he wanted to see more job growth. but we have had sustained 200,000 plus for so many months now. need todon't think we see further improvement. we need to see more the same. that is really the critical way we have to look at the april jobs report. on ahead when a come of jobs meetings, there is some nuance we are focusing on, whether it is a rebounded part

they said it was part of their bankruptcy filing and billionaire carl icahn has stepped in to buy thecasino. >>> in surveillance video, you can see gunmen here forcing employees to the ground. and it happened on bethlehem hike in chestnut hill. one man stole cash from the register and the other man got cash and a cell phone from the employees. and the robbery was just after closing time and the thieves got away. >>> we just got new details about a home invasion in prospect park. he is known as popo, police say that three men broke into the home on lafayette avenue. a gunman held the family at gun point while searching for valuables. at one time the police cruiser collided with the suspect's vehicle and that officers suffered minor injuries. >>> and police are looking for suspects that robbed two victims in the feltonville section of the city. as they left the bar. the suspects took cash, a purse and a cell phone and even the victim's sneakers, both suffered minor injuries and it happened at 1:30 in the morning on may 23rd. >>> firefighters are waiting to determine what caused a fire a

he has carl icahn, he has a bunch of these guys that don't want hillary clinton elected, and they will open up their pocketbooks whether trump comes crawling or not. >> among these folks, are they more scared of him losing or winning? these like the genuine question. which side of that bet do they want to take? that will play out throughout the course of the next six months. thanks so much for joining me at this early hour. that does it for us this evening. "the rachel maddow show" starts right now. >>> happy tuesday. one of the things that happens if you run for president but you don't win is that when you come back to your old job, sometimes people clap for you. that's what happened after marco rubio dropped out of the race for president and returned to his seat in the senate. that is also what happened today to ted cruz who was spotted by a reporter from roll call today getting out of a car on capitol hill to go back to his day job. the car incidentally was very, veryly

carl icahn gave half a million dollars goodfellow ruffin gave a million dollars.ed million. ike perlman gave a million. we raised a lot of money and i didn't have to do that. it would've been easier to get the speech. the problem with the prices they convinced people like me not to do it, not to give money to different dance because it's a lot easier that way. armed services, ymca of the united states $75,000. bob woodruff's family foundation inc. they do a good job his $75,000. central iowa shelter and services. these are all veteran related. $100,000. connected warriors and $75,000. disabled american veterans charitable service trust $115,000. fisher house foundation, great people. $115,000. folds of honor foundation $200,000. foundation for american veterans $75,000. freedom alliance $75,000. green beret foundation $350,000. higher heroes u.s.a. $75,000. homes for our troops $50,000. just so you understand, we've got a long way to go. this money was raised during the little speech that i made rather than doing a debate. the one debate i missed was the lowest ra

walters had been tied up with another investigation relating -- with carl icahn, the allegations were had given him some ininformation on clorox. do you think these sorts of, i don't know, these paths get explored once again to see if there are any kind of connections from watt walters t other high-profile targets. >> i'm absolutely certain -- >> you're certain? >> i'm certain they conducted an investigation and if they can go somewhere to broaden and amp fie what they have, they will do that. >> all right. james, thanks for joining us. >> thank you. >> james, criminal attorney. >>> i don't know if you heard the press conference but it was shocking the percentage of the daily volume in trades and billy walters alone had in dean foods between 16% and 37%. >> wow. >> the error in judgment, though. >> totally brazen. >> i got to say allegedly because i don't look good in stripes. >> you're wearing stripes, that's funny. [ laughter ] >> he's just admitting it. >> no, but just the error in judgment to be taking a tip from a known gambler he owes money to. he's smarter than that one would t