interestingly, by the way, herb greenberg, carl icahn has only tweeted 12 times and has over 30,000 followersthe ultimate activist stock. >> this is the ultimate activist stock, carl icahn at his finest. carl icahn spotting a lot of cash. >> right. >> and by the way, so many people have looked at this. david einhorn looking at this. everybody looks at the cash and the only surprise he's looking at apple and not microsoft if he's looking at a hoard of cash. looking at a buyback. instead of paying out a special dividend that he sees the buyback and in his analysis or the analysis of his people he sees that this company has not done overtime shown that they can really do something with a cash like a great acquisition that really pushes the company forward. >> and he wants the larger buyback done now. >> let bring jon fortt, our tech reporter. what do you make of all of this? >> it's really interesting in the context of tim cook getting criticism over the past few months for being too shareholder friendly and now you have the ultimate shareholder activist carl icahn coming in and saying there's a

carl icahn tweets and shareholders rejoice. pushing above $500 for the first time in seven months.off in the long run? breaking down what apple needs to do. and hearin pairing him with a fd manager. he is holding has been apple. what he thinks about the big bet. what make him add the position? liz: finally apple shareholders, shares of apple surged following carl icahn's tweet yesterday that the billionaire phenom is taking a large stake in the tech giant. today apple shares continued the climb and this time above the $500 share level for the first time in seven months. could the euphoria last? remember the stock was $704 back in september. what will this activist shareholder really do for the company? let's bring in apple shareholder and a coverage analyst to break it down for us. josh spencer, global technology fund manager. largest position in the portfolio. s&p cap like you senior director. first of all, you were there well before carl icahn, also as a billionaire investor jumped in just announcing it today. 14% of the fund. >> thank you for having me. it has been a lonely time

for carl icahn, he's been one of the best performers. in this one tweet this afternoon, apple shares soared up about 5%. so if icahn bought $1 billion worth of apple, that was a $50 million tweet. is that right or fair? that's the big question that a lot of people are asking, certainly not apple shareholders, but something to debate. with us is activist investor greg taxen of the clinton group. greg, you're an activist investor, but you don't agree with the very active, vocal, media-friendly style of bill ackman and others. should these investors be so vocal and pushing so hard in industries that some people could argue are not maybe their wheelhouses? >> well, i'm not sure i would actually characterize my view that way. i think carl icahn has certainly been an effective activist. been great for shareholders in almost all of the companies he's been involved with, as has a lot of other activists. i think people use different styles and approaches, and ones that best suit their -- their own personality and mentality and those of their investors. carl icahns

okay. >>> carl icahn tweets, the markets listen. icahn announcing this afternoon he's taking a big position in apple. and then things really started moving. look at this intraday chart. that's the one-day chart. can you guess at what time today carl icahn tweeted that he had taken a position in apple? you only get one guess. later, just take a look at this place. no, it's not a spaceship. this is the new training facility for the university of oregon's football team. i thought that was amateur sports. uh-uh. >>> and don't forget. free market capitalism is the best path to prosperity. "the kudlow report" is coming right back. we've been bringing people together. today, we'd like people to come together on something that concerns all of us. obesity. and as the nation's leading beverage company, we can play an important role. that includes continually providing more options. giving people easy ways to help make informed choices. and offering portion controlled versions of our most popular drinks. it also means working with our industry

apple shares hit a seven month high after carl icahn tweeted he had acquired a large stake in apple. he tweeted he talked with the apple c.e.o. about buying back a lot more stock to revise the cupertino share price. now apple stock is up 2.112 percent pushing share prices to under $500 still east $700 peak seven months ago buttite a climb in a few weeks. >> pricey for the average person. >> and mike nicco is outside. >> good morning, the roof, we are enjoy the wonderful sunshine and clean air as we can see to the pot of oakland and a lot of people are not wearing coats. that will be the norm in the forecast and i have a cooling trend. i will show you the numbers in the weekend. >> did you say not wearing something? kaepernick is on the cover of >> covering san rafael, south bay, pleasanton and all the bay area, this is abc7 news. >> prince william made his first official public appearance since the birth of baby george. the duke was greeted by hundreds of well wishers before he met with farmers in north wa almost es and is stationed there where he serves in the air force. the deploym

on tuesday, apple shares shot up 5% after billionaire carl icahn tweeted he has a large stake in the iphone maker. the freedom to tweet is a game changer in the business world. as julia borston tells us with that freedom comes risks for investors. >> twitter which has quickly become the world's breaking news feed is shaking up the business of wall stroort aeet and invest. they take to twitter to talk stocks, sometimes moving markets. carl icahn said he may use twitter to release information before taking to the communications tool to tweet the position in apple sending the stock soaring. >> twitter is a new player in the financial market. it's being fed into the high-frequency traders who dominate trading volume now. >> in april, they said it's okay for companies to release information on twitter and facebook, as long as they warn investors where to look. weighing in after netflix' ceo said the viewing topped 1 billion hours. the question is what does that mean for the security of investor security accounts. from burger king and jaep to the associated press has been hacked. the passw

apple shares had its second best day of the year, after billionaire carl icahn tweeted that he's boughtizable stake in the iphone maker, he said that he friendly chat with apple ceo tim cook, urging to return more of the company's cash to shareholders. >>> and hyundai is recalling san day fay. it's expected 2003 with front-wheel drive. >>> coke can-cola is running adds in the usa today defending use of artificial sweeteners. mara? >> thanks so much. >>> from fast food franchises to colleges about 20 small businesses have told nbc news that they'll be cutting workers hours below 30 a week, this is in anticipation of obama care and its mandate that employers must provide health care. >>> ford wants you to focus on this. the focus is now the top-selling car. with sales in china raising 300%. >>> warner brothers will offer christiane $60 million to return for "batman versus superman." >>> straight ahead -- all of your sports headlines with richard lui, you're watching "first look" on msnbc. [ man ] look how beautiful it is. ♪ honey, we need to talk. we do? i took the trash out. i know. and

>> following the money, carl icahn tweets about a 1 billion-dollar stake in apple and the stock takes off. j.c. penney shares worth $350 million less than he paid. can he make money? >> and supersized hospitals are getting better, changing the economics of healthcare, but will the trend mean higher bills for you? all that and more tonight on "nightly business report" for tuesday, august 13th. >>> and good evening everyone. buckle your seat belts and make sure your trey tables are upright and locked that planned 11 billion-dollar merger between american airlines and u.s. air hit an air pocket today courtesy of the u.s. justice department. eric holder and six state attorneys general soon to blocked merger says the deal will stifle competition after a wave of airline competitions in recent years. says the government says it could lead to bigger prices. shares of u.s. airways falling 13% day and amr corp, which is currently in bankruptcy but trading nose dived a staggering 45%. hampton pearson has more on the suing and what it might mean for the few tear for the merger. >> reporter: at th

after billionaire investor carl icahn tweeted he bought a sizable stake in the iphone maker. iphone saysd a friendly chat with tim cook urging him to return more of the company's cash to shareholders. he says the move has potential to push apple stock up as high as $700. futures are lower after stocks recovered from early losses on tuesday with the dow managing to avoid a three-day losing streak. data on wholesale inflation, producer prices, earnings from the likes of de. deere and cisco. coca-cola will run its first ads defending the safety of artificial sweeteners. it will run in the "atlanta-journal constitution" and "chicago tribune." coke is trying to stem falling sales of diet sodas which dropped 3% last year versus 1% decline for regular soda. the company says diet soda can help people manage their weight and evidence shows aspartame is safe. back to you. >> thank you. i'm no health expert, i don't know about diet soda, how about good exercise and good diet? >> eat less, exercise more maybe. let's see if you can get out and enjoy great weather today. >> you know if you want that e

the highest level since late january, the best three-day run in more than three years after carl icahn tweeted he made a big investment in the stock he considers under valued. oracle said he don't believe apple can retain the glory without steve jobs. here is our guest. welcome to you both. max, i want to begin with you but before we do, why don't we run that sound byte from the interview the other day with mr. ellisson. listen in. >> do you see apple with steve jobs, we saw apple without steve jobs. we saw apple with steve jobs. now we're going to see apple without steve jobs. >> so you're shorting apple? >> i'm not shorting apple. i like tim cook. there are a lot of talented people over there but steve -- >> you are apple is going down without steve jobs. that's what you said. i'll say it publicly. >> he's irreplaceable. they won't be nearly so successful because he is gone. >> they are going down without steve jobs. max, what do you think of that? >> thanks for having me. there is ellisson speak and not totally shocking he has a larger than life big ego a founder at oracle and he's warmed h

. >> carl icahn tweeted about another big buy. the activist report lid bought more than 1 ppt $5 billion of apple stock. icahn is pressing apple to use more than its $147 billion in stock to buy back its own share. shares were pushed up 5% on tuesday. the stock is just over $589 per share. >>> thousands of hyundai vehicles are being called in road weather states because road salt cows cause problems for the rear suspension. 24,000 azeras full-size vans from 2006 to 2011 are also being called. >>> coca-cola is defending its diet soda. starting today the company will run newspaper ads regarding as pertain. it's a pushback against critics. >> wendy gillette here in new york. thank you, wendy. >>> coming up on the "morning news," what really happened just days after bei s after being re her abductor. a osteo bi-flex® helps strengthen your joints.° like calcium supplements can help your bones, osteo bi-flex® can help your joints° so you can keep doing what you love. ♪ osteo bi-flex... the best stuff in the joint.™ now in joint and musc

carl icahn's tweet yesterday has so far netted him about $70 billion on his apple investment. so should we expect more of the highly publicized social media announcements? is that good or fair for the free market? $70 billion, bill! >> he bought a ton of apple, and is making a lot of money right now on that. >>> also, awaiting another briefing on the air tragedy involving the u.p.s. cargo plane outside of birmingham, alabama, crashed first thing this morning. sadly, both crew members died in that accident. and now we're awaiting news on why it happened. we'll have the very latest on that. phil is monitoring that for us, coming up in a few minutes here. >> a tough story there. >>> let's look at the market as we approach the final hour. as the bell sounds in about an hour. the dow is down 105 point, just shy really of the low of the afternoon. nonetheless, triple digits in the downside. two-thirds of 1%. 15,345. last trade of the blue chip average. nasdaq, similar chart. a steady decline for the last couple of hours, down about 9 points, .25% at 3,675. check the s&p 500, at a tw

managers and what we see george soros doubling his position in apple just a day after we learned carl icahn tweeted he thinks this say big turnaround story. the attractive thing is the big cash pile they hope the company will start handing back to shareholders. >>> moving you along we have charges filed in the jpmorgan story. this is about the $6 billion trading blowup that happened in london. bruno ixel is the man at the center of that but he'll escape charges because he's helping the authorities, the two gentlemen have had charges against hem, javier arteio and julian grout, both are being accused by u.s. authorities of manipulating the books to hide the trading losses. so this is a story we're watching fairly closely at the moment. >> jeff, also let's talk about the type of changes we can expect in terms of television advertising for the once, the aca, at fordable care act that kicks in later this year, open enrollment beginning october the 1st. >> yes, i'm just amazed by this story because every time i come over to the states i cannot believe the amount of pharmaceutical and health related adve

activist investor bill ackman, who holds a sizable amount of jcpenney, about 18%, and then you had carl icahn tweeting about his large position in apple. you know, this trend of shareholder activism, is this a positive thing for the markets or a negative? >> my perspective, and i'll be a historian, even though the real historian is next to me, is that when you think about how creative destruction works, the famous austrian economist talked a lot about this, in the '80s when i was first coming into the business, there was a whole round of corporate raiders and viewed negatively. they were the focus of the media. and what they essentially did was they forced corporate america to restructure, and if you think about it in the current environment, we've had massive amounts of cash build up on corporate balance sheet, companies are afraid to invest because of the public policy uncertainty. and these activist investors are forcing the issue with some of these companies. >> yeah. >> so they are a positive force for change in my view. >> i'm going to take the other side of that. icahn actually connects the rai

one day after carl icahn tweets about the company the apple stock is soaring and baby monitors arrived cams, hackers are getting in how to protect yourself and your family. stay with us. weekdays are for rising to the challenge. business. they're the df when possibilities become reality. with centurylink as your trusted partner, our visionary cloud infrastructure with custom communications solutions and responsive, dedicated support, we constantly evolve to meet your needs. every day of the week. centurylink® your link to what's next. gerri: criminals find new ways to break into your home how a hacker access to a child's bedroom. gerri: this next story is downright creepy. a couple in houston texas blast terrified after hearing a strange man cursing from there to year-old daughter's bedroom. when they ran in to see who had broken and it was coming from her baby monitor. that after had taken over began shouting at the parents calling the child by name for our next guest says everyday devices could wind up with the same fate joining me now is john, welcome back. this is so crazy and upse

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>> apple shares are getting positive attention, billionaire carl icahn tweeting he acquired a large staken apple. shares up, again, this remain on this news after rising yesterday. he wheated that he urged the c.e.o. to speed up buy back. >> how much longer will the feed keep stimulating the economy with the massive bond-buying program? it looks like maybe the fed will scale back next month. 65 percent of the economists say they expect the fed to scale back on the $65 billion bond buying purchase as the economy strengthens. >> we will see how the market is this morning, lower across the board and the dow is down 45 or 50 points and the nasdaq and s&p 500 of down and the silicon valley index is higher. a survey shows what some may have already suspected the rich drive more recklessly. a researcher says the study how drivers responded when a pedestrian was in the crosswalk, the drivers of cheaper cars stop and waited for people in the crosswalk and drives of more expensive cars were more likely to jump an their turn in the rotation. >> thank you, jane. driving today? top down, convertible,

and carl icahn sent out a tweet, by the way. let's get your thoughts on the floor of the nasdaq. >> couldn't have happened to a bunch of nicer people. >> easy, easy. >> i used to work for bob when he worked his magic down here with his -- i ran his brokerage operation, so i have a little bit of contact. i surprised you can't get a hold of bob. but that is significant in the fact there are three dow stocks are effected, not trading. and the real concern, i was just chatting with new york stock exchange officials. there's been concern because this was actually a regulatory halt. primary market halted but because of the way they book down over over wherever the nasdaq is, time square, when they broke down they couldn't send out the message to shut down. trading nasdaq stocks, continuing to trade for ten minutes, the direct edge and i believe for over an hour. so what is hatching now, thousands of trades are being broken and made now by the different exchanges. >> bertha, you have something to add? >> yeah, that looks like it is com

carl icahn decided to break some news on apple. during the halt carl icahn tweetedto tim, tim cook of apple. planning dinner in september. tim believes in buy backs and is doing one. what will be discussed is magnitude. of course the only problem with this is nobody could trade apple but maybe that's the good time to put out the tweet. >> he's certainly able to play us play the financial dissemination. the utpsip is a different thing than cnbc which is disseminating a lot of what carl wants to buy and the fact that carl has put his chips in on apple and is saying i'm going to be out there having dinner with tim, we know he's a buyer of his own stock and he's going to -- the magnitude is what josh and i were focused on. >> you know you're a baller when you can move a market that's halted and when apple re-opened, i don't know if it would have re-opened at the same price without having seen that tweet in the gap. that was cool. >> let's not forget there were a number of stocks that were high. the nasdaq itself had a good day. >> the bar was low. >> the bar was set low

carl icahn tweeted that he bought a large stake in apple. said he thought apple was extremely undervalued. and he also said he spoke to tim cook about it and there was more to come. that tweet added more than $12 billion to the value of apple's stock. the billionaire icahn said it to be trading at a time at that. >>> the men's wearhouse without george zimmer for years of "you're going to like the way i feel," the new commercial is a departure from the traditional advertising the company was known for. uh-huh. there he is. you have to see how men's wearhouse customers take a look at this brand-new look on television. but, yeah, he kind of ogles that school girl. >>> you heard this, right, that to have a credit history, you have to have a credit card and use it? well, guess what, the credit company vandage score says maybe not, there very millions out there who may be immigrants or recent graduates who don't have credit card history tore but they are still good credit risks. at least a third of them would be prime credit customers. even though

that stock rallied very quickly after carl made that tweet, and there's no way humans could have reacted that quickly to it, unless they're following carl icahn'sweet, and that's it. >> right. >> so there's algorithmic programs that search for the key words that will send a stock moving, and that's exactly what happened in that stock. no individual investor really -- i mean, benefited from that. >> ron, what's the pandora's box that's opening that you want to talk about? >> well, maria, we have the activist trend now that in some ways reminiscent of the corporate raiding trend of the 1980s, and it included carl icahn and a host of others, irwin jacob, not the ceo of qualcomm, a different gentleman, all of the guys out there trying to force companies to either get rid of the cash, part with certain businesses or recapitalize. they did it to have leveraged fashion in those days. now you have corporate raiders coming after company-cash-rich companies. in the '80s, they would whisper in our ear, not a turf thing, and the reporter would tell you what he told you if he was an activist, find out whether or not the statements that were material and mad

carl icahn tweeted, we currently have a large position in apple.e believe the company to be extremely undervalued. spoke to tim cook today, more to come. assuming loaded up and loaded up a little bit more after he did that, and the stock popped. tim cook is apple's ceo and that tweet sent apple shares up 5%. pretty nice when you think about how much money carl icahn probably put into it. it closed at a six-month high of $489 a share. gene munster of piper jaffray has one of the higher priced targets of apple and thinks the stock will go up 34% to $655. part of the reason why he thinks apple is going to launch, get this, a watch. >>> well, today's international left-handers day. this is a big day for people like me, southpaws as we're called. apparently 10% of the population is left-handed like me. studies have found lefties tend to be multitaskers. and for many years left-handed people were considered evil, witches and warlocks and even today we are disdrimnated against. did you know that left-handed products cost 65% more than their right-handed c

it got a big boost as carl icahn took a stake and took to twitter to tell the world about it. icahn tweeted on tuesday he was an apple shareholder and bought $1 billion worth of stock. he's pushing apple to put some of its vast fortunes of cash to work by buying back its own shares and icahn's tweet added $30 billion to apple's market value. let's stick with tech, because cisco was a drag on the tech sector earlier. it reported quarterly results that managed to beat analysts' estimates but offered a quarter forecast that disappointed investors. cisco also announced 4,000 job cuts and ceo john chambers called the global economy, quote, challenging and inconsistent. meanwhile, gold miners had a big week on the heels of rising precious metal prices. big names like baric gold, newmont mining, showing gold and strength as prices rose in response to things like a stock market jitter and, of course, political unrest in egypt. a lot of movers. back over to you. >> all right, thank you so much. >>> most of wall street is happy to put this week in the books, but will next week and the rest of august

investor carl icahn tweeted that apple stock undervalued and he made a large investment in the companyjust under $490. but that's still way off the 52- week peak of $705. >>> the online gamemaker zynga is reorganizing its leadership under its new ceo don matt trick. he told employees yesterday three top executives are leaving the san francisco-based company. several senior leaders left as they struggled with declining revenues and number of players. they laid off 18% of the staff in june. >>> oracle's ceo larry ellison defended his beloved america's cup on national tv in an exclusive interview with our charlie rose of "cbs this morning." he countered critics who think the sailing race is too dangerous. >> we have to have fast modern boats. it has to be a popular tv sport. it has to be attractive to kids. it has to be -- >> reporter: it has to be risky. [ pause ] >> it has to be a little bit risky. >> stay tuned to "cbs this morning" for much more on charlie rose's interview. hear what ellison says about people who think he has changed the sport of sailing for the worse. "cbs this morni

carl icahn takes a break from his battle with michael dell to focus on yet another tech company. apple had its second best day of the year, up 5% after icahn tweeted afternoon he's bought a sizable stake in the iphonemaker. and he also had a friendly chat with ceo tim cook about increasing stock buybacks. is following a big activist investor like carl icahn a smart investment strategy? if you want to join the conversation here on "worldwide exchange," get in touch with us by e-mail at worldwide@cnbc.com. via twitter @cnbcwex, or direct to me, @carolincnbc. [ kitt ] you know what's impressive? a talking car. but i'll tell you what impresses me. a talking train. this ge locomotive can tell you exactly where it is, what it's carrying, while using less fuel. delivering whatever the world needs, when it needs it. ♪ after all, what's the point of talking if you don't have something important to say? ♪ and experience the connectivity of the available lexus enform, including the es and rx. ♪ this is the pursuit of perfection. >>> welcome back to the show. these are your headlines. the eurozone emerges from the longest post war recession with second quarte

apple had started moving up and certainly that carl icahn tweet heard around the world has really accelerated that reversal. back to you. >> thank you very much, bertha. it will be great to see what rick santelli has to tell us from chicago about all these rate moves. rickster? >> well, i guess the mojo of interest rates is mojoing pretty good. if you look at a 24-hour chart of tens, ever since our time zone was welcomed in this week, 8:30 eastern, it really has been slowly building, higher rates, selling off the securities. a two-day chart shows how once you pop through the top of that range from friday, it is gaining momentum. as a matter of fact, if you look at the two-year chart, boy, that little wedge we had of consolidation that ended about a week ago clearly showing breakout, and that's going to draw in more algorithmic trading. let's switch gears a bit. you know, a lot of stories about how the correlations are breaking down. boy, you could really see that today with the lqd etf. this is investment grade. we're at the lows of 2013. as a matter of fact, we're at the lows of 2012 because

the bulk of the move was, of course, tuesday from those carl icahn tweets pushing for bigger some buybacksnt shares are hanging in there, just about 500 bucks. share are up about 100 bucks since the beginning of july and you know what this is really about? the buzz i'm hearing out here, the idea that investor sentiment might be turning back in apple's favor. might be catching a break. >> hearing about apple may be launching a usb adaptive trading program? heard anything about that? >> yeah. this is after that incident out in china where the claim was that a woman was electrocuted using an iphone connected to a charger. apple's response was we don't know where she got that charger from, and it's going to be hard to trace its origins. partly to deal with that issue and any others like it that might arise they say bring in your charger no matter where you got it, from even if you think it's real. for 10 bucks we'll give you a new run that for sure is real. a lot of times people are buying knockoff phones or chargers that are being represented as the real thing. you can't tell from the outside

>> following the money, carl icahn tweets about a 1 billion-dollar stake in apple and the stock takes. j.c. penney shares worth $350 million less than he paid. can he make money? >> and

and billionaire investor carl icahn tweeted he's taking on a large position at apple. spike in the company's stock today. that's it from cnbc, we're first in business worldwide. now back to "hardball." >>> what i need from you is to know what you can do, you and your fellow noncommunist colleagues in the lower house, what you can do to stop these communist tyrannical executive orders laid down by this foreign-born american-hating communist despot. what can you do for me? >> welcome back to "hardball." if you're a fan of the program, you might remember that clip. that was representative martha robe being confronted by a rather energized audience member at a town hall in alabama, the kind of anger, hatred and at times racism that's infused recent conservative events and it's gotten so bad calling obama an america hating communist despot is hardly the worst of it. take for instance a rodeo clown putting on an obama mask prompting the announcers to mock and insult the president. one audience member said it was like something out of a klan rally. nfl arizona, they chanted b

last week, carl icahn tweeted he took a big position in apple, apple stock -- he made $50 million overnightcan't believe it. but we do believe it. and it -- and it moves markets. >> yeah, so, maria, in that particular instance, it was a -- the end result was because of the use of bad passwords and it was really more of a social engineering attack. somebody called in and ended up getting the password to the tweet account. this is very different. this is -- they identified a flaw in the system and an ethical hacker tried to provide the information and give facebook an opportunity to fix it, and he lost -- and unfortunately, things turned out the way they did. i would consider this to be more of an isolated incident than what we've seen in the past, like with what happened with twitter and so on. >> all right. we will leave it there. thank you very much for your insights. a great conversation. it is certainly a new world. thank you. >>> are we going below 15,000? we'll check the markets when we come back. the market pros will weigh in on what to expect tomorrow. back in a moment. ever ybody ha

last week, nearly 11% up, the best week for apple since october of 2011 #, so carl icahn's tweet aboutand stock price above $500, and we saw that last week for the first time since january. definitely a nice feed for apple. quickly, the market cap now 465 billion so now thee biggest company in the s&p 500, exxon mobil at number two. back to you. >> thank you, lauren. >> saying that was a nice chart there. someone who knows about the charts and how to make money, our own charles payne, of course, and major wall street insider buying 14,000 shares of green mountain coffee, charles, tell us what this all about. >> the company is buying the stock, i mean, you know, listen, companies sell stock all the time, insiders selling, but there guy bought 14,000 shares at $75, a million dollar buy. wall street, short position, 40% floated it short. i've been on this all yearlong. i like it. when i see this, i really love it. how many people, insiders, put their money where the mouths are after the stock made this move? a huge bode of confidence, i do. >> it certainly is. everyone talks about the fac

>> following the money, carl icahn tweets about a 1 billion-dollar stake in apple and the stock takes off. j.c. penney shares worth $350 million less than he paid. can he make money? >>nd

the tweets carl icahn sent out. we currently have a large position in apple. we believe the company to be extremely undervalued. spoke to tim cook today. more to come. well, there was more to come. there's the next tweet. put it up. had a nice conversation with tim cook today. discussed my opinion that a larger buyback should be done now. we plan to speak again shortly. the company did come out and say that -- acknowledged there was a meeting, nice to talk to mr. icahn. the bottom line here, folks, the stock market had a great day. and apple moved up and that helped the nasdaq. let me move on and talk about the rest of the market. we saw the market down throughout the day. this has been a pattern all throughout august, as the market sold off right after the open. then it moved up. mr. lockhart, dennis lockhart of the fed, said the economy was uneven, recent datas to not present a clear economic picture. the bond market doesn't necessarily believe that, because the bond market stayed up throughout the day. yields stayed up throughout the day. they still believe

after billionaire investor carl icahn tweeted he has a large stake in the company. fol tweets our next guest personally made, two, $22,000 as the stock shot up almost 5%. paul meeks is the sextent portfolio fund manager at turner capital. he joins us on the telephone. i should point out to everybody i've been invested in apple in the 1990s. you purchased stock originally for investors at $8 a share. congratulations you have been in the long term, so why sometimes being long term can pay off. what do you think about carl icahn? >> first my predecessor nike kaiser bought the stock then. i taken over the fund recently. he is the genius. i'm hired hand. adam: you were smart enough to take the job. >> sure. carl icahn, this is interesting. yeah i agree with him that the stock is clearly undervalued. my price target is in the 600 plus range and one of the things however i think's a little bit unusual is at least via the tweet, he claims that the company hasn't been aggressive enough in the stock buyback and this is a firm that just last quarter spent $16 billion on a stoc

nicole: apple shares enjoying a nice bounce since carl icahn tweeted his love for the stock but big moneyen dumping apple. liz: son the story. ashley: as we head for the break look at some of today's winners and losers on the s&p. we'll be right back. [ male announcer ] how do you get your boue? bounce is great because the freshness lasts for weeks in the drawer. why can't everything stay fresh that long? [ male announcer ] how do you get your bounce? [ man ] lasting freshness. ♪ tracy: well, take a look at the dow 30. the majority of stocks are well into the red. intel, johnson and johnson leading the way. doing well today. and have great. over the weekend saying acceleration for one of the chips. tablets and iphones. that skid news. giving them a nice boost queen down there today. lauren at the new york stock exchange. but you checking and right now? >> investors are reluctant to make big bets. the federal reserve on wednesday some large cap stocks like intel and some others driving the nasdaq, but a son tech is also moving. pandora is one of those buried it in new annual high today, $2

. >> breaking news for you, billionaire investor carl icahn tweeted he has a, quote, large acquisitiond believes the company to be extremely undervalued speaking to tim cook today, he tweeted, promises more to come, and you see the stock is up today, some 33% oven this news. spoke to tim cook today, more to come. we'll continue to follow thatt >> yeah. >> i have a large acquisition and i want the stock to go up. >> exactly. you can't help but think he wants to make money by dinner so he puts a tweet out. >> i think he just did. >> he did. hopefully he'll buy somebody dinner. nicole on the floor of the new york stock exchange. >> talking about the airlines again, and, obviously, the companies, u.s. airways, and american, are disappointed by the attempt to block the merger of the two airlines. stocks selling off. u.s. airways, where it trades down 10%, 1694 is the level, and the larger group, all the names here, they are rallying back. most of them down, jet blue, however, in the plus column, so all of these stocks were down dramatically after the news broke, but coming back now. back to

. >>> up next from facebook to twitter, well, this week, carl icahn sent a tweet and add 40 billion toket cap. very nice. thank you, twitter. how can you use social media to make money in stocks, too? [ indistinct shouting ] ♪ [ indistinct shouting ] [ male announcer ] time and sales data. split-second stats. [ indistinct shouting ] ♪ it's so close to the options floor... [ indistinct shouting, bell dinging ] ...you'll bust your brain box. ♪ all on thinkorswim from td ameritrade. ♪ humans. even when we cross our "ts" and dot our "i's", we still run into problems. that's why liberty mutual insurance offers accident forgiveness with our auto policies. if you qualify, your rates won't go up due to your first accident. because making mistakes is only human, and so are we. we also offer new car replacement, so if you total your new car, we'll give you the money for a new one. call liberty mutual insurance at... and ask us all about our auto features, like guaranteed repairs, where if you get into an accident and use one of our certified repair shops, the repairs are guaranteed for life. so

up next, what the smart money is telling us and carl icahn's decision to divulge his huge apple stake in a tweet. much more fast straight ahead. [ male announcer ] come to the golden opportunity sales event to experience the precision handling of the lexus performance vehicles including the gs and all-new is. ♪ ♪ this is the pursuit of perfection. before their gift helped preserve the point... before a credit solution was used to expand their business... before trusts were created for their grandkids' educations... they chose a partner to help manage their wealth... one whose insights solutions, and approach have been relied on for over 200 years. that's the value of trusted connections. that's u.s. trust. [ male announcer ] come to the golden opportunity sales event and experience the connectivity of the available lexus enform, including the es and rx. ♪ ♪ this is the pursuit of perfection. >>> take a look at how the tech trade looks to open tomorrow's session. down about six tenths of one percent. this on the back of the cisco news. as the revenue forecasts this came in below, 3 to 5% of growt

and the fact that it was shut down even while carl icahn was tweeting the fact that he's going to dippernd -- to dinner with tim cook and talking about buybacks, it's unusual. we're going to have to learn a lot more about what went on as to an effort to try to bring forward some transparency and, hopefully, calm investors' frayed nerves. ashley: that said, it was another up day for the market. you're concerned about a pullback. what's going to drive that, and how much? what are we talking about, mark? >> we think we could see a number probably 1600, maybe even down to 1550 if it gets a little bit more aggressive in terms of the equity correction. and it's largely on the back of the fact that i think equity markets are going to have to reconcile to the fact that where earnings expectations are set for all of 2013 which is just shy of $110, assumes we're going to see something close to a double-digit earnings growth rate over q3 and 4, and given the recent pattern of mid single-digit at best earnings growth, it's unlikely we're going to see that. so as those earnings expectations get marke