>> we don't give it to carl icahn. right? hong kong we give $1,000 to every citizen.e give $1,000 to every citizen with a low income level and more to the people directly affected by the virus itself. >> that's a great point. could the government come up with a plan to do that quickly, expeditiously here it sounds like the plan coming together is focused on extending jobless benefits, the food stamp program and some other things. is something like you're describing feasible? >> absolutely. one thing we haven't mentioned of saving businesses is that the businesses are suffering cash flow problems and they have to have rent relief, tax relief and access to the funding and why the fed moved to ensure the short term lending marks is critical to ensure access to fight banks to get the kind of funding to supply the small loans that are needed by the small businesses. >> absolutely. a couple examples happening in a piecemeal fashion today. the fcc saying major internet providers agreed not to cancel service for residents or for small businesses you have utilities on long isl

you have xerox and carl icahn on one side and you and your company on the other. you learned from it? >> key thing is the importance of being focused. this is the key thing we have been driving in the company. we need to continue driving the business forward. q1 result that we had in really shows the ability we have had not only to stay focused, but to continue to make progress. >> i think we are so focused on the potential deal here that we lose sight of the fact you are running day-to-day, a significant company. many employees around the world. let's switch on to what's going on there. coronavirus a huge factor for businesses how is the . coronavirus affecting hp? >> it is a big company and we have many parts unrelated to the recent actions. we said last week that coronavirus is having an impact. on the manufacturing side, after chinese new year's, the manufacturing rep in china was slower. we are recovering but we said this is going to have a temporary impact. we expect to recover in q3 and q4. kurt: that was hp's ceo turning now to women in office. women have

carl icahn went on with scott wapner and poo-pooed the idea that the merger is in danger penn has fewer than five months of liquidity and the stock is seeing an incredible plummet over that partnership with barstool sports. but now of course there's no sports to bet on then the gaming reits that own the land under penn properties gaming and leisure and vichy, they're down on fears that what will happen is the casinos won't be able to pay the rent. deutsche bank gave mgm growth an upgrade and las vegas sands got an upgrade to buy because of the strong balance sheet and the steady leadership. that balance sheet is something that i'm seeing come up and over and over again really important amid the crisis. >> contessa, are these casinos shut down right now, why isn't all of las vegas shut down >> it's a good question and the government wants to respect those who voluntarily shut down. to try and keep coronavirus from spreading. other casinos have chosen to stay open right now. they're monitoring the situation. because of social distancing, they're turning off certain slot machines and they

carl icahn saying as much as $3.5 billion at one point.closer to maybe a billion dollars. >> let me explain the overlap between the two companies. hp is a $60 billion company. $40 billion are pieces that don't have any of the -- the rest of the business, a big part is consumer, things you'll be buying for home that don't have any overlap. when we look at the real overlap we are talking about 2.8 billion from our side 9 billion from their side we're talking about $12 billion for synergies. $1 billion we believe is an aggressive and unrealistic number they have included cost savings that only hp shareholders should get benefit from >> your point being you can achieve those cost savings you are obviously as we know instituting a large share buyback over the next few years that will potentially include buying back as much as 50% of the company but why is that a better route than engaging with these guys and seeing in fact whether or not there is a deal that could be done that does make sense for both companies? >> actually what we are saying i

carl icahn is the billionaire investor back with us from florida today by phone carl thanks for beingere >> yeah, okay. scott. good to talk to you. >> its been quite a while. we have not heard from you in a long time. and i know you have been bearish for a long time. now that we've had this tumultuous week and what is a tumultuous time. how do you feel about the market today and what does your positioning look like? >> yeah, look i've been pretty bearish the last few years so i've kept most of my stuff pretty well hedged but now i think its reached the point where you know some companies, they just sort of give it away, you know they are -- you know i just think it is a state of collapse. but some of these companies. i like to think of some of the ones that i'm in, i don't like to think of them, that are awful cheap. they are very cheap. so i'm not quite as bearish as i was. even though i do think it probably has a longer way to go down >> by how much more do you think it has to go down? are you already putting your toes in the water looking at opportunity you see and buying some stoc

. >> occidental petroleumacky for short plunging on news carl icahn set to take control down more thane in company according to "the wall street journal" move against it a critic of oxy 38 billion dollars purchase in petroleum called the for removal carl icahn has more control over oxy tiktok china business has new bosses, saying chief executive of china operations taking over as chairman of this sprigs far within company founders saying going to turn focus towards lurl strategies aimed at fixing global issues facing the company, u.s., carlos apologizing that national team members had more responsibility higher level of skill, than the women's team women's world cup champs suing for equal pay protests, women's team warm-up shirts inside-out hiding crest of the soccer league coca-cola, deloitte con temperaturing comments not to point out but legal language men's players are superior physically, more revenue generating tournament pb thank you lawyers for writing that. >> thank you turning to battle against coronavirus pandemic president trump taking serious steps to combat the spread of

carl icahn raised his stake in occidental. coronavirus has airbnb considering his options.funding from private investors and revising plans for a stockmarket debut later this year. airbnb is said to have been approached by a dozen investors. yvonne: global aviation has been dealt massive blows. emirates airlines and are the latest to announce they are suspending nearly all of their passenger operations this week. cut 96% of their capacity. we are joined by angus whitley. more and more of these developments are inevitable given the fact we have seen border control in different countries. singapore is marrying -- mirroring the actions of its peers around the world. island in relative terms. all of its traffic is international. the aviation industry is at the front of this when it comes to the corporate fallout. countries are locking down their borders in the effort to contain the spread of this virus. have no alternative but to ground. they are operating as government assistance flights. skeleton operations. singapore is no more immune than any other airline. yvonne: for emir

billion in our revolvers but those who can access the capital markets are doing so as for cnbs, where carl icahnas a huge short position, that's gotten really ugly. >> we are hearing about bankruptcies and understanding as important as the equity market is, everything you talked about puts the banks on the red hot griddle, unless we get guarantees of the banks, which people hate because of what happened in 2008, they're houses of cards, too. i know no one wants to hear that given the fact that the fed will backstop them. that's too many credit lines at once >> i don't know. >> you don't think >> i'm not sure about that the 99% of the credit lines pulled down during the financial crisis, the banks made good on them i'm not sure the fed has been on these banks for so long. it's just a different world than it was 11 years ago. i have a little more confidence perhaps. >> you're right. i'm looking at the stocks. the stocks tell me when goldman sachs trades $80, $75, discount the tangible book. >> there's two different stories. there's the ability of the banks to actually continue to provide liquidity

carl icahn just got three board seats. vicki staying on as ceo. they sort of caved 11 board members now, a bunch leave. 10 of them will be independent icahn has three guys on the board. the question is, who will buy this thing that seems to still be the idea. from what i hear from bankers in the energy industry, no buyers right now. no way no chance. >> they're a company they won't -- they -- rusty brazill has done the best work in that. they're in the $33, $34 quadrant they can cut their salaries to negative 5 this is not one that does well in this environment. they got a loan, an 8% loan from warren buffett >> it was. it was they cut their dividend to save money, but they still have to pay mr. buffett, who we still have not heard from. silence is deafening >> dairy queen mike worth was on yesterday from chevron. talk about a guy who laughed all the way to the oil well. he passed on that anadarko purchase probably the greatest thing he's ever done. >> they had it they had the deal and he would not go there in terms of the price that occidental wa

should point out there were some reports that perhaps they're getting closer to a sentiment with carl icahneir debt load and properties, a lot of people tell me don't look for anything on that front certainly not in the near-term, even if in the longer term how are you viewing energy at this point >> chevron, the only guy with the fire power suspended buyback. bp is doing well, but i don't -- just like hey, i don't know what's going to happen but mike worth is the guy. and mike worth has -- this is chevron. he's going to come out on the other side exxon borrowed a lot of money. the bond yield, in order to pay the dividend that's not a worse problem worse is the cash. everybody else, i don't want to say everybody, but most others are strapped they need 30 to 35 that's why i thought the president, it was a move by the texas railroad commission. the president has to call saudi arabia and read them the riot act. he favors lower gas prices. >> jim, you've been saying that for weeks now. it hasn't happened either he's not doing it or it didn't work. >> i think we should say i'm wrong. for the pet

jeffrey gundlach, you have seen carl icahn go in and buy higher stakes, more stakes, more equity stakes in the companies he believes in and warren buffett has been doing the same with delta. i think there's a belief that yes, it's dependent on how the coronavirus is maybe controlled and contained but if you have this type of liquidity, the fed again is in the market and providing this type of support along with the government is going to be a buying opportunity as you heard from mark cuban as well. neil: yeah. that's what he hopes. gary kaltbaum, normally we like to see market downdrafts punctuated by companies bravely stepping in either to commit to buying back their own stock or you are hearing top executives are doing just that themselves. now that there is a distinction here between that right that companies have and those that accept help from the american taxpayer, whether they are limited there, but as a market guy yourself, leaving the rescue that might come from taxpayers, that's what you need, or early signs of evidence you need to get us out of something like this. companies

well-known investor carl icahn has increased his stake from 2.5% to 10%, looking to get rid of the entire [ inaudible ] and he's doing that because oil prices are plunging. we will end with the vix. when i was coming to set it was at 67. we haven't seen highs like that since 2008. now it's dropped ever so slightly. that has to do with the fact the new york fed has announced they will be repurchasing program. back to you. david: i should mention, just another individual stock, boeing which of course weighs heavily on the dow, their stock trading has been halted. is it still halted, producers? i believe it has been. we will keep an eye on boeing as well. that affects the market mightily. >>> meanwhile, state officials in oregon and california banning large gatherings of 250 people or more, with more states looking to follow their lead. fox news correspondent claudia cowan has the details on this. reporter: that's right, city leaders across the west are setting limits on public gatherings. you just mentioned oregon's ban on public events. that announced just a short time ago. and the governo

we note carl icahn who went home to trade on election night, during this investment roust, he's actually increased his holdings in hurst global. what is warren buffett doing? this might surprise you because warren buffett owns some airlines and he's increased his holdings, added shares of delta airlines because we know the airlines have been asking for $50 billion in aid from the u.s. government. also, you heard no shorts for the first time in many years. this is been a buying opportunity for the big whales as they call them, the big-money players. stuart: that is fascinating, the big guy so to speak perceived value and some of the stocks that are truly truly beaten-down. that is an interesting point, i am not saying it's a turning point but it sure interesting. a lot of businesses pivoting to help with the virus, i believe we have grady tremble. wait a minute, you have a distillery where they will make him sanitizer. tell me more. >> that's exactly right, this is the tasting room for the distillery and the products that they normally make our right here, there is also farmers that grow