and who i'd rather speculate with than carl icahn in an activist situation with a temporary interim ceo has no love or standing to protect the company from being ark quired. >> back to oxy carl is right on oxy sorry, i think buffett is going to be wrong on this one. >> he could be >> when you look at the pricing of crude oil and small cap energy, the sea of liquidity that's returned to asset classes once again, and then you see where oil is there's something. there's a dynamic that's going on that suggests lower pricing and i just think carl is spot on on this one. >> you'll hear from many other big investors at this year's delivering alpha summit once again. our speakers include nelson peltz, josh harris, p&g's ceo david taylor, jay clayton, joe kearnen will sit down with a one on one with the vice president of the united states, mike pence. deliver for all of that, delivering alpha.com less than a minute left. margaret, kick us off with final trades >> sure, disney. definitely messy quarter, but caught an upgrade today on the street like the earnings. and great stock for the long term

carl icahn say it's undervalued. the company maybe get little nervous. .o hear what's the under value to him? >> because the fight happened so quickly, we never heard from carl what the billing plan was. did say on tv, he thought the hoarded work. almostcks has been down 50% in the past year. he was little critical but nothing as bad as he said about oxtenth. >> some of the analysis saying, futureompany has been for the company could be one of acquisition. muchanalyst saying this cloudera.ibm to look carl icahn's directors will serve on the m&a committee for the company. formed already. the press release today did say cloudera is working with morgan stanley on the announcement. they do have a banker. say whether it's a target. it is of that size, software companies that do get taken out by bigger companies. small value. were the other investors. who is else is behind this company? >> a czech investor saying he icahn.s carl i never heard of him. of cloudera investorinvestors are frustrate. >> especially for cloud competing company. we hear about how good t

. >>> thank you, scott really, really great stuff there with carl icahn. here is what is on deck. transport tremors. a look inside the up in bers an area that could be signaling a recession is coming down the tracks what is wrong with oil stocks? investors can't seem to sell them fast enough but when everybody is selling, is that when you should be buying and lyft making a bold and rather unexpected move when it comes to its own stock we'll explain and look at what it might mean. and all that is ahead. as always, let us begin with today's markets. we're dom chu, solidly in the green but -- >> the volatility continues. >> it's crazy. rally mode look at what happened monday with the price action. today it's a pretty big move higher 1.5%, almost to the up side. 338 points we're just about at session highs for the dow jones industrial average so the markets very much trying to claw back to where it was towards record highs the nasdaq, again, the s&p 500 still below that 3,000 mark. however, the nasdaq composite up nearly 2%. today's trade, massive moves higher we've been focussing on

at what could be a real consequential day yesterday in that market as we mentioned, coming up, carl icahnjust moments ago. he sits down with carl wapner and the halftime gang at the top of the hour. don't go anywhere. we are back in a moment. [ because i'm me" by avalanches ] from the 5am wakers, this is us. to the 6am sleepers. and the hope this trip never end-ers everyone uses their phone differently and in different places. that's why xfinity mobile created a different kind of wireless network one that's designed to save you money. by auto connecting to millions of secure wifi hot spots. and the best lte everywhere else. xfinity mobile. it's wireless reimagined. simple. easy. awesome. prediction heating up with tech startups in the lead diana olick joins us with a story. who the companies are and what exactly we are talking about when it comes to real estate. >> this is a brand new business model much like what happened a decade ago when measuring cyber risk was shiny and move. they are using powerful amounts of data to measure the rising risk of climate change to real estate >> report

carl icahn. plans to have discussions with other investors to consider all options with regard to the investment. his stake is worth over 419 million dollars. shares of qualcomm down close to 7% as the chipmaker gave a disappointing sales forecast driven by week smartphone demand. joining us on the phone, senior analyst at bernstein who currently has a market perform rating on qualcomm. with us in the studio, ian king, who covers the chip sector for us. ian: their explanation was phone makers have given up on new phones, consumers do not want 4g phones anymore because they have heard about 5g. at the end of the year, everything will be great again. emily: what is your take on various indicators, various trends ian noted pushing things in the wrong direction? >> they pointed to a number of things, and ian was right, it was not bad, it was horrendous. by far the worst guidance we have seen so far. they pointed to the pause in front of 5g. they also pointed to wally -- huawei focusing on china, taki

we think the last guest and carl icahn have it exactly right in terms of future cuts, we think it will help the financial market, but not be the catalyst to help the economy. we think again that is trade we think the economy is is in good shape and accelerate or be sound fchl the china the fed is not going to be able to correct that this is a self-inflicted wound having to do 100% with china trade. zpl if if you think we are six to nine months off a recession or more, how are you looking at the market here today? yes, we've swung back higher, so maybe it isn't the moment to buy, but are you looking for growth or value? >> that's a great point and again, volatility's been the issue but one of the things that's been evident is that event in the last couple of days, which was well spelled out by bob pisani, is that market averages have done well. but what's doing well is the same names essentially that have been doing well. a lot of the bilg growth names so soowe're seeing a lot of tras going on that are favoring these issues with growth having outperformedd we would be more favor bable t

want to give you a programming note for you as well tomorrow on "halftime," billionaire investor carl icahn will be joining me for an exclusive interview. lots to talk about you could say the least. we'll obviously touch on what's happening in the markets it's also the day anadarko will vote on the deal to be acquired by occidental, a deal mr. icahn has been critical of he has a nearly $2 billion stake in occidental. the $10 billion deal with berkshire hathaway got taken to the cleaners by buffett. icahn also wants four board seats which the company has rejected it all adds up to our interview tomorrow on "halftime. we'll find out what carl's next move may be and we'll do that tomorrow on the show there's oxy shares down about 5% >>> let's talk about another stock that's down about 5%, too. disney missing on the top and bottom lines they blame the disappointing results on the ongoing integration of fox, increased streaming costs and the weak theme park attendance. i'm going to turn to you >> this is a name i thought, when you look at the run, it makes sense we'd see a pullback. when they de

cloud dera says it will give carl icahn board seats. icahn will cap his ownersh stake at no more than 20%. shares dropped more than 4% to 669. >>> and tyson foods n saysrly 4,000 workers will be out of work after a wildfire partially of its meat processing plants in kansas. no injuries were reported. see company did say it's going to provide t workers with what it called some guaranteed pay.be the plant wil closed indefinitely and there are still no details about what caused the blaze. stock was down a fraction today to 88.27. >>> rite aid has named a new ceo replacing john standley who stepped down after leading that drugstore chain for the past nine years.sh es fell more than 2% to just about 702. barrett gold's results came in line with estimates and earnings estimates. the world's second largest gold producer saw an increase in production and a rise in the price of gold due to the contued trade war with china. the stock was down a fraction to 17.97. >>> and food distributor cisco beat earnings expectations but fell short on revenue

which is, as you may know, warren buffett was on the other side of that recent acquisition that carl icahnsome pressure to the board. paul: thanks very much for that. let's get a quick check of the latest is this flash headlines. has lost some appeal for investors. they are trying to take on starbucks. issuing earnings for the first time as a public company. still posted a net loss of almost $100 million. they have questioned the strategy of sacrificing profits to lure new customers. and a lackluster sales forecast shows companies holding off on computer network updates. higherill be flat, 2% compared to a year ago. next, commodity watch, we will keep an eye on oil. this is bloomberg. ♪ >> this is "daybreak: asia." or bad a good news flagging the threat of a serious downturn. china reported its weakest factory growth since 2002. the german economy shrank as exports slumped while your area production fell the most in three years. on top of that, the u.s. and u.k. bond markets are sending their strongest recession warnings since the financial crisis. deficit continues to narrow in july as im

carl icahn adding to his stake. and activist investors are bailey ship. and -- made some buys.re added to the berkshire hathaway position. caroline: great analysis. do not miss this tomorrow, jcpenney reporting second-quarter earnings before the bill. joe: i will be watching economic data, numbers for u.s. retail sales in july. romaine: mexico announces its rate decision tomorrow. caroline: that is all. romaine: of a bloomberg technology" is up next -- and "bloomberg technology" is up next. joe: have a great evening. romaine: this is bloomberg. ♪ sany: i am emily chang in francisco. coming up, doom and gloom. we will bring you the latest in the market with details about how the tech sector made out. office space company has filed for its ipo.

activist investors carl icahn has a new target a snake a cloud software company and plans to push for and possibly seek board representation and as often happens when icahn gets involved, stock up by 17%. a gain of $1.09 to $7.44 loew loews -- lows is outsourcing did not describe the number of layoffs, thousands of workers will lose their jobs look at lowes shares >>> another round of tariffs on $300 billion worth of goods. beijing responding and planning countermeasures. over to kayla tausche. >> after that surprise tweet yesterday by the president saying the u.s. will charge 10% on all remaining chinese imports china's foreign ministry had no choice to retaliate saying we don't want to fight but are not afraid to fight. they will not accept intimidation and blackmail and not give in regarding major principles the action came after an interest rate cut in response to the trade war and after the lead u.s. negotiator, briefed the president yesterday on how talks went this week in shanghai while theround was publicly described as constructive sources say chinese officials dug in their h

. >>> and later today do not miss carl icahn live on cnbc.e halftime report" at 12:30 we'll be back after this but with sofi, you can get your credit cards right - by consolidating your credit card debt into one monthly payment. you can get your interest rate right - by locking in a fixed low rate today. and you can get your money right. with sofi. check your rate in 2 minutes or less. get a no-fee personal loan up to $100k. my first job is to care for derek. everything i do is for him. when i moved to this apartment after six months, we need to connect with the world. i use the internet to keep him in the language, because that's the way to connect to my family's traditions. he has to know where he comes from. we need internet essentials. there's no excuse to not get connected. >>> welcome back it's time for your top trending stories. rahel solomon what will we be talking about today? >> times square is lit you are the kind of person who would say lit? >> "a," i'm too old. "b," that's not even cool anymore to say that, right >> oh. that mean

meantime billionaire investor carl icahn was on "halftime report" today expressing concerns about the market. >> i am not telling you i'm bullish on the market at all i think that we do have a lot of problems with this market. you really have a situation where the markets are buoyed for reasons that don't relate to value. it's an interesting time i think there's certainly some very interesting opportunities but you have to worry about a full-scale recession >> steve liesman has been taking a look at the economic data for signs of just that, a recession. steve, what have you found >> there's several global and u.s. transfer indicators we're looking at that are flashing yellow, raising concerns about a deeper concern in the u.s. take the cash freight index. it turned negative in december and has been negative every month since a 5.3% decline in june the shipments index has gone from warning of a slowdown to signalling an economic contraction. similar to 2015-16 slowdown. and not as bad as the 2008 recession. add to that the port of long beach container throughput oxford writing although

carl icahn taking a 12% stake in the company.he shares rising after hours. >> it seems as though they are reporting the stake. -- may seek more representation. they could seek talks in the business. this is bloomberg. ♪ caroline: back to our top story. president trump weighing in on his terror threat. he said it is short-term but it could be raised about 25%. the president a nasa fresh 10% tariff on $300 billion of -- tariff ona fresh 10% $300 billion with of imports from china. this is damaging to the markets. >> also damaging to the economy. our initial estimate is that it 3/10 of ae 2/10 or percent from gdp. 2.4%, thatexpecting is our forecast, we might have to change it to 2.1% if the twig becomes policy. the economy is still strong. that will slow down from our initial estimates. >> we kind of always look at it from the u.s. perspective or chinese perspective. there has been a drag on global trade as a whole because of the uncertainty. do you see the escalation of these tariffs having any impact? >> i think it will. this not

. >> let's update a problem with carl icahn last week right here on "halftime." his interesting couldera, he took a large stake in. here's what he told me. >> i think it's a very under valued company or i wouldn't be buying it. i think going one, one, halftimes revenue for a company like that i think it's very attractive. >> that's what we asked him what the end game may be. whether he wanted board seats. in fact, he reached a deal today for two board seats. you may recall our own steve weiss during the segment bought cloudera he told us he is still with it at least at the time of our conversation >>> all right, straight ahead, hedging your portfolio amid all of the volatility. we will give you the edge coming up first a check on the s&p sectors today, show you where we're at on the street inside the s&p 500. still in the red across the board. today the only sector in the green with the s&p down 17.5 is real estate. halftime is back right after this good relationship. you've done a lot of good for the world. but i feel like you have the potential to do so much mo

who should get credit and doesn't is tim cook has done a great job and on design, johnny ive, but carl icahn really forced tim cook to get some religion about shrinking the float and that took place at a time when apple and many other technology giants were reticent about buybacks and really capital allocation is very far from what they were thinking about on a day-to-day basis, always thinking about innovation and product cycles and all of that makes sense for them to think about but i do think that icahn desks a lot of credit for starting that process and now that that process has started and not really a factor anymore, what tim cook and the gang have learned is that there are going to be years where apple doesn't have the hottest, new phone coming out at the right time to satisfy shareholders but they could buy in 5% of the float and make up for that and they've done it and i think it's worked really, really well to get you through those gaps whens there isn't a hot, new apple product coming out which i think we can agree is the period we are right now. >> are we 233, right 233 and chang

an sec filing showing that carl icahn has more than 12% stake in the company.comes as the stock has dropped nearly 50% in the past year, so he is apparently looking for a bargain and the shares are reacting. other after hour movers today, pintrest and square on the move after reportingresults julia boorstin is standing by on pintrest, but let's begin with josh lipton with square's quarter. >> reporter: i checked in with john over at jeffreys. some reasons include the gross payment volume, growth decelerating, expense is higher so the take rate margins were higher q3 guidance was weaker than expected some big news here, square announced door dash has agreed to buy caviar, its food-ordering platform for 410 million, a mix of cash and door dash preferred stock. remember, square paid 44 million for it back in 2014. jack dorsey talking about the decision right off the top of the call take a listen. >> to increase our focus we decided to sell our caviar business to door dash. this enables us to focus on serving restaurant and food sellers through a platform approach,

from jeff in central valley, california cloudera, sell or hold >> i would hold it i don't think carl icahnhere for a little trade that's not his mo. you've got an interim ceo, a company that's down on its heels in terms of stock price and performance. in my view carl clearly wants to get it sold, and that's what he'll do, ask since he's got futures on it that expire in a year or two. >> should i hold or add or trim the shares that annie has? >> mondelez has been a great stock over the last year, and it's really outperformed as has the whole consumer staples group. ism i feel like mondelez has been flying under the radar. they have a great organic growth story. for that reason i would say it's worth hanging onto even though valuation of this stock and the whole group has appreciated quite a bit, but it's still a great company. >> defense and security companies, what tudo you think >> first of all, it's a great industry insulated from tariffs. defense budgets are increasing, and nato members trump's trying to push them to get up into their 2% spend they're returning cash to shareholders and

carl icahn last week we talked about in terms of cloudera positioning. like jumping after theseless i see a trigger. fitbit is the same apple watch crushed them i don't know if they can come out of this circle to the down side >> j.b. in chicago wants to know if american waterworks is too high to buy. you own it, carrie >> it's been a great stock, up 36% this year. up 50% in the last 16 months as a utility, that's a lot of growth it still yields 1.6% not 3% or 4% i might buy some of a position, but perhaps not the entire position because i think it's on a little bit of a surge right here >> all right big slide for bitcoin prices today. we've got your trades straight ahead. >>> first to kelly evans with what's coming up on "the exchange." >> it could be the biggest corporate settlement oklahoma versus johnson & johnson over that company's role in the opioid crisis >>> also spider-man is the latest casualty in the content wars what's going on between disney and sony also hasbro could be getting more green right now and whether for netflix this is as good a

to speak with you. >>> and later, do not miss an exclusive interview with billionaire investor carl icahnt's 12:30 eastern time. stay tuned you're watching "squawk box" on cnbc this is the couple who wanted to get away who used expedia to book the vacation rental which led to the discovery that sometimes a little down time can lift you right up. expedia. everything you need to go. >>> welcome back to "squawk box. big media news just coming out, crossing the wire. cbs and at&t ending their dispute, which saw cbs programming disappear from at&t services like uverse and its dish network the multiyear contract ending a 20-day blackout. one of the longest blackouts in quite a while. it covers local cbs stations and cbs sports both companies issuing an apology for the inconvenience to their customers. this will take a little bit of the sting out of what's been taking place this has now happened before football season begins alwaysimportant. >> "big brother" is coming back. that's the only thing i was worried about. >> i've been waiting for the smithsonian channel. >> you're a dish guy >> no. di

paul: technology company cloud revealed carl icahn has taken a big stake. with $220 million.n the past year, leaving it with a market cap of $1.7 billion. 's talk to seeks to the company to seek board representation. sophie:sophie: delta airlines is to end operations at the narita airport and join other u.s. carriers at another airport. it's being preferred by business travelers, but it depends on the transportation department finalizing new flight routes. it will make it the biggest american carrier at haneda. paul: before he handed over to bloomberg markets: asia, let's tradinghow markets are across the country. the nikkei is off to percent. off more than 1%. asx down as well. the top performers is a hughes who of gold miners on that market. sophie: checking in on futures trading. the yield we are seeing with a global bond rally taking on. three year yields falling three basis points. gtv yields, taking a hit, falling to the lowest level since march, futures looking across the board in taiwan. daybreak asia, this is bloomberg. s is bloomberg. in beijing,:00 singapore and sh

. >>> don't miss an interview tomorrow, an exclusive with carl icahn, joining the "halftime report" following a vote over the occidental deal. >>> gold hitting the highest level since april 2013, and so far in year, gold outperforming the s&p 500. year to date up 18%, while the s&p 500 up just 14%. 18 to , relative performance. >>> when we come back, cvs has been outperforming, even when the market was tanking we're going to speak with the company's ceo in an exclusive interview next. >>> president trump making comments today about increased tensions in the china trade war. >> china would like an anchor on us the people that allowed that to happen are a disgrace. >>> ahead, we'll speak with jack lew, treasury secretary under president obama about the state of the trade war, and the decision to label china as a currency manipulator bu bu back in a couple minutes ♪ lower carbs. lower calories. higher expectations. ♪ the light beer you've been waiting for has arrived. corona premier. >>> i really want to give you pictures of how extreme the moves have been in bond-land we talked about their yiel

icahn his son used to do the technology investment. he's no longer at the firm carl'st investments, both of which nonactivist, netflix and apple. if you held them, by the way, the returns would be astronomical where engineered by his son, but -- but they have moved on so not quite sure, usually carl is not on top of exactly what the companies do, but he's great at perceiving value. >> by the way, speaking of great money managers, berkshire, we'll see what the rails are like in apple and some other names by the way, kudlow is on the tape saying hasn't heard anything about possible delay to china tariffs. the hong kong issue is not part of the trade discussion. the indices swirling around a little bit on some of the headlines. keep your eye on poiinterest as well revenue was above. nice boost in maus we got a 16% move in pins here at the opening >> very strong caps off what was a strong earnings period. high numbers on average revenue per year user. internationally coming off a strong base, more than 100% for pinterest, 40% for the u.s and speaking of strong earnings, wa

carl icahn today on the "halftime report," 12:30 p.m. eastern on that oil story. on the street" will be right back >>> welcome back everyone. i'm sue herera here is your cnbc update a u.n. panel on climate change is warning a warmerclimate means more deserts and potentially less food. in a report released today it said land is already under pressure globally with about 70% of the world's land affected by human activity >> the way we produce food and what we eat contributes to the loss of nature ecosystems and declining bio zie versety. when land is degraded it reduces the soil stability to take up carbon and this exacerbates climate change. >> police have arrested a man who stabbed, slashed, and robbed his way across two southern california wounding two others wednesday. >>> a united launch alliance altas 5 rocket lifted off from cape canaveral this morning to place a lockheed martin-built satellite into orbit it's a joint venture between lockheed martin space systems and boeing's defense space and security systems. >>> you are up to date that's the news update th

the smart money came, carl icahns, everything -- neil: we don't expect to see it overnight.et me ask you a little bit on cbs and viacom, where is this thing going? >> i hear it is not going to happen today. that is kind of obvious. it could happen tomorrow i'm hearing. neil: well -- >> listen, it will be a big deal, it is interesting, cbs is always thought of, one of the biggest, greatest names in broadcasting, and it is, part of a company now that is not that big. if you even merge it with viacom, which owns mtv, nickelodeon, other properties with cbs, you have something like a 30 billion-dollar company which is small between tech. the question why is it taking this long? they would like joe ianniello to stay on with his contract as stablizing force with the company, sell the merger to analysts, see what happens. going forward it will be interesting. there is talk of growing the property, buying nickelodeon, by i hear they're looking to sell, shari redstone, has everything in one, is looking for a nest egg for her grandkids, children, grandkids, you name it. you know, they'

do you believe -- by the way, they are also facing a challenge for carl icahn, don't forget to put new members on their board of directors replacing them. unclear where that's going to end up no doubt where crude is right now it's going to be somewhat challenging. >> end up doing that. >> the price paid by oxy from that beating them annually. >> i want to say if i had been an apple analyst, but they are so in their bunkers because they are afraid, i would have come out and talked about the apple credit card, which is available today. it's a very big deal i have it. it's very easy to get. will people use it versus get it. >> what's the advantage to having an apple credit card. >> instant seeing what you've got. no fee tremendous for -- engine built by goldman where you get a credit line. rate will be low and apple gets a share of the interest without risk that's a good trade. >> broader market for a second, jim. >> we went down enough. >> to the extent we're discounting the possibility of further tensions and increased tensions, what is an appropriate multiple will you know when you see

think that warren buffett 8% money was an interest rate too far and when i look at -- >> not alone carl icahnwith you. >> i look at the citi piece on apache, similar to anadarko, they were lowering their price target to 22 this stock is in the 60s this is all in part because you can't flare as much as you would like natural gas. but the -- the pipeline also, where is the world going to handle a couple more million barrels of oil without the price coming down? and china is not using a lot more oil than it was argued that it has been same i think oil will be continually a horrible story for the market. >> yeah. >> finally, jim, let's look at disney they made a lot of noise on friday all this about disney. and it was a coming out party for a number of the original series that will be part of that streaming service. they had their biennial fan convention where they unveiled a lot of things. we all know how central this is, of course, to the overall strategy at the company. it is going to be rolled out november i always think of it, just the time and effort that has been taken at that company, to