we have just put in a call to carl icahn for comment. he is not in the office, we are told. we have passed on the request to just confirm this. we will let you know what he says, if carl icahn gets back to us. right now, lyft is up about 2%. it had been higher. you can see where it dropped off. just before the top of this hour, you can see how that stock is peeling off its own gains that it saw earlier. stock right now at $70.26. >>> overall, the markets, we have stocks running hot and cold depending on the moment you are checking in. glee over a brewing trade deal is knocking the socks off chip makers, the philadelphia semiconductor index jumping to a record high. this is it, 1,465 at the moment, up 33 points or 2.33%. right now, see that little green arrow? that means we are at the record high this very second. chip stocks are heavily dependent on china for revenue so this is a very bullish sign about a possible trade deal. amd is the biggest gainer on the s&p, jumping about 9.25%. we have micron technology also jumping 3.5% here. and we've got sources saying a ramp-up in

carl icahn's stake was worth about 550 million there are.and we'll let you know what we hear. >> leslie, thank you >>> tony robbins out today with a new op ed on cnb.com he lays out four important pieces of advice for securing your financial freedom invest in you. ready, set grow. a new partnership with acorn with us now is tony robbins. life and businessstrategist anda adviser to our cnbc advisory counsel. tony, always great to have you in house, in particular. so many americans have seen all those documentaries where investors get taken advantage of and they think that the financial game is rigged that it's all working against them. you say, no. it's winnable. it's absolutely winnable >> i'm not saying that based on my opinion i've spent the last eight years interviewing 50 of the smartest people, the warren buffetts, carl icahns and saying, is it really winnable? they showed me yes, but there are caveats. you hear all this argument about socialism versus capitalism. you look at our society. why is that happening? 60% of americans don't ev

. >>> leslie picker has the latest on carl icahn. >> carl icahn exited his stake in lyft prior to the initial public offerings according to three sources familiar with that trade. john than krista doro had joined the board after the firm invested $100 million in the ride-hailing service krista doro was a managing director at icahn's firm until 20 2017 icahno stake was worth about half a billion dollars if icahn had remained an investor, he would have had an uphill battle as the traditional activist they have the 20 to 1 vote which would make his voice far more muted than his typical investment also the lockup agreement in this ipo requires investors hold their stake for six months guys >> should this have been disclosed before the ipo >> interestingly, they did disclose that dodoro resigned from the board in march of 2019. that was in the middle of the ipo process they disclosed that. they showed he had a much smaller stake than he actually had. about 12,000 shares. i've been calling sources to figure out what the differential there and why he had those 12,000 shares. it may have been

the founders of lyft during our interview, and i think we have a video. >> you asked them about carl icahn. >> i asked how they felt about icahn being in their stock clearly, they didn't know. can we roll the tape, guys >> carl icahn is one of your investors. he, i imagine, may stay in this stock. are you worried about that >> no. >> it's been a good investment for him so far, but we've actually -- >> he is also an agitator. >> we've had a great relationship with carl icahn it looks like he made close to half a billion dollars pretty good business if you can do it. >> coming up, high level trade talks between the u.s. and china are picking back up today. president trump is expected to meet with china's vice premier this afternoon in the oval office much more on trade is coming up later this hour. first, though, i'm going to tell you about a new company in the energy sector that's looking to change the way oil drillers find work as you head do break, here's a look at the biggest premarket winners and losers in this case it's in the dow oh, wow. you two are going to have such a great trip. y

many people who get in early that are just looking to get out and count their millions i heard carl icahn so millions of dollars worth of his shares already when you're the public and you're trading an i.p.o. you're so late to the game and the key number for a lift i'll say that you have to remember simple it's nine one one nine hundred eleven million dollars in losses in two thousand and eighteen so they've got to show us how they're going to make money before the public can feel comfortable in the stock right now looks like honestly a great ponzi scheme you know probably lost nine hundred eleven million dollars and just hand it off to the public so they made money i don't want anything to do with this i agree with you but it seems like right now it's startups are actually delaying their i.p.o.'s the current media and right now is fourteen years old before they i.p.o. whereas previously in one thousand nine hundred nine it was only four years old and that kind of contributed to their bloated public valuation so it kind of hurts the now when they come to public. well it's all about the in

what do you make of carl icahn backing out? the lift founder has 50% of voting power.nusual in technology. you see the same thing at google. for a company that doesn't have a lot of leverage, what do you make of a big name brand investor backing out? mandeep: i'm not sure -- jake: i'm not sure i make a lot of it. he made money off of it. the bigger question is, what about the other large holders? you have folks like google, fidelity, gm in there. my guess is those are long-term holders. it would be scary to me if we saw one of those leave. emily: of course, lyft investors are backing them up. i sat down with an horowitz. he is on the board. about what to say lift has managed to pull off. the founders in silicon valley go, nobody believes in us. literally, everybody had written them off. when im to come back -- stepped onto the board, we were at 16% share in the u.s. and we're at 39% today. just amazing. really a thrilling thing. , going from 16% to 39% market share in a matter , do you not think that is impressive enough? mandeep: i think it's impressive, but it is bui

the shares are paring gains after a "wall street journal" report now reported that billionaire carl icahno the ride hailing company's initial public offering last week. certainly a yellow, if not red, flag. >>> meanwhile, president trump taunting former vice president joe biden who faces accusations over his past behavior with women. >> he's being taken care of pretty well by the socialists. our former vice president. i was going to call him, i don't know him well, i was going to say welcome to the world, joe. you having a good time, joe? are you having a good time? charles: this as two more women have come out saying that biden touched them in overly familiar ways. danielle mcloughlin is back with us. joining us as well, ford o'connell. the headline in your piece for the hill is a powerful indictment of what i'm calling the woke crowd. tell us about it. >> essentially, the democratic field has decided to no longer attack president trump but basically to turn the outrage machine on the 2020 democratic field because everyone's jockeying for space. i do think that donald trump is on to some

emily: jake, what do you make of carl icahn backing out here? the lyft founders own 5% of shares, but have almost 50% in voting power. it is not unusual in technology. you see the same thing at facebook and google, or for a company that maybe doesn't have a lot of leverage, what do you make of a big name brand investor backing out? jake: i am not sure we can make a lot out of it. he has been in four years. made a lot of money on it. not so surprising. i guess the bigger question is what about the other large holders, folks like google, fidelity, gm. my guess is that they are more long-term holders. it would be more scary for me if we saw those types leave. emily: lyft investors are backing them up. i sat down with ben horowitz. he is on the board. of course he is biased, but he had this to say about what lyft has managed to pull off. take a listen. >> all of these founders in silicon valley go, oh, nobody believes in it. when logan said, they are telling the truth. literally, everybody had written them off. for them to come back and go from, whe

in fact, one of my sources points out carl icahn's three directors are reviewing the process for a standalone company. we expect an announcement in the next five days icann said april 15th as a deadline or it gives icahn another board pick caesars stock up 3 1/2%, as high as 4% on the day el dorado's stock is now on the move as well, up about a percent and a half or so brian? >> contessa brewer, thank you very much. >>> jon and jerry, what are you buying >> this fertitta guy is interesting. i should get to know him. >> you should get to know him. he's actually a good friend of brian's. you do a great job with him. this one in particular, there's speculation that runs from el dorado and fertitta and other side of the business whether or not they come to pass, they expire next friday. so that figures into -- >> that's your spot. you and pete >> pete is a high roller at caesars. >> you are too i've hung out with you guys there. >> but caesars now isn't the caesars it used to be, gambling and casino holdings and hotels out there. it's the mid-range of the market contessa doing great reporting the

change coming two months carl icahn i invest ad large stake in the company and advocating for new changes service for children, walmart starting today, customers will get exclusive styling box for their kids delivered for 48 bucks after completing a short tile quiz on online. walmart's latest move into the world of fashion as it makes up the subscription service game. pick it up a little bit. >>> shares of cvs are falling after the drugstore chain agreed to pay half a million dollars, that it filled dozens of percocet prescriptions that were obviously, obviously forged. >>> turn back to our top story, parisians giving thanks to firefighters who fought ferociously to save the notre dame cathedral as the towers and rose stained-glass windows are still standing. president macron declaring a national monument will be rebuilt with help of hundreds of millions of dollars in donations. fox news's greg palkot live in paris with the latest. greg? reporter: charles, hard to believe 24 hours ago the cathedral of notre dame behind us, about 300, 400 yards away was a raging inferno. that fire lasted s

liz: one of the headlines i saw shortly after lyft had gone public was carl icahn cashed out of his lyftres before it went public. well, i have viewers wondering well how do i get to buy shares before a company goes public? is that what you do when you play match.com? >> absolutely. you have to remember you put them into soros who is another long-term holder; right? liz: correct. >> it is not like he wasn't selling them out to someone who wouldn't be a long-term holder, taking advantage of being able to get a large placement before that happened which he wouldn't have been able to do in a normal ipo. it bodes well for lyft to have a long-term fundamental holder. the reason you can't get in is because for many companies, they are looking for a larger qualified institutional player to come in. and so just having one small player doesn't necessarily help them, which is why you can play. liz: what do you do? >> what we do is we have large databases. we have algorithms that actually do like you describe, place the match.com game for people, and what we try to do is place not only capital, but

that's probably what was going on we saw carl icahn sold his shares, 2.5%, i think, is what he had i it's endemic they were out there saying let's short it >> does it explain in any way in your mind why the shares took such a beating in the manner they did >> possibly because if you are setting up a synthetic short on it because at the time you couldn't do it you couldn't borrow the shares -- >> still can't borrow the stock. >> there's borrows -- there's some same-day -- >> a lot of people want to short the stock but can't. >> right but i think that's a little part of it, but not a lot of it not a lot of it at all >> what about pinterest? any interest >> to me, it's interesting that they came out and said, look, we're below the range. >> maybe they learned their lesson that's the chatter they saw what happened with lyft and they got the message >> i would just caution -- >> they got the message. >> that could change because to lower the price range before you go out there, i mean, you know, you're talking about $450 million i think is what they raised in the last round, $12 billion v

got to tell you, multibillionaire carl icahn sold his stake in lyft before the ipo.? >> i think this is a headline. i think particularly with these ipos, it's so hard to tell the first year in. i always advise just wait. you got to wait. twitter, facebook, there are so many ipos that actually went on to do well and had a horrible first year. stuart: yes. facebook started out well, plummeted. >> plummeted. stuart: took its time to go straight -- >> now it's at 175, 178. stuart: what you got, ash? ashley: i know this is hurting, i know blake burman said no announcement on the summit but the "journal" is reporting a date for the summit is expected later today. conflicting reports. i guess we will never know until they decide whether it's today or not. that report may be helping the market, too. stuart: blake burman reported that a summit announcement is unlikely. he reported that after the "journal" had reported that date. ashley: after that. so blake is more on the ball. stuart: the market is up. we are up 95, 96 points. the dow has crossed 26,300. it is an early morni

somebody in the room this would be like a -- i mean, i've heard people say this would be like having carl icahnyour board. >> it would be perceived as such >> in terms of the stock market going forward, you think that the rest of the year is going to land where >> i think people have to put the first quarter against the fourth quarter of last year, realize that it's going to be incredibly volatile, realize that they have to revisit certain things, and i tell you the four things i come away from this is one, tactical is as important as being strategic you need a tactical overlay because markets will overshoot in both directions two is with where long bonds and ten-year bonds are, bonds are not a good risk mitigator. cash is a much better risk mitigator. three is you better build up portfolios from the bottom up. don't use passive indiscriminately to do it on the way down, and four is be ready to be much more agile than wrouf been in the past i think these are four critical things they are going to be problematic for long-term investors in particular. >> so don't trust the trends that we've seen

of carl at do you mike icahn? you see the same thing at facebook. at google. for a company that maybe doesn't have a lot of leverage, what do you make of a big name brandin vestor backing out? >> i'm not sure we make a lot out of it. he has been in four years. made a lot of money on it. not so surprising. i guess the other question is what about the other large holders. folks like google. fidelity. g.m.. my guess are those are more long-term holders. to me it would be scary if we saw one of those types leave. emily: lyft investors are backing them up. i sat down with ben horowitz. he had this to say about what lyft has managed to pull off. take a listen. >> all of these founders in silicon valley. nobody believes in it. i think we were about a 16% share. we're about 39% now. that's an amazing, really thrilling thing. emily: going from 16% to 39% mark share in the united states in a matter of of years do, you not think that is impressive enough? >> i think it is impressive but it is built on a lot of subsidies. if you offer subsidies and you know you're burning