this is according to the carlisle magic partners. -- carlisle private equity partners.se are a look at some of the top headlines. >> thanks very much. oil.w you mentioned my next guest spent six years documenting what it is like for us-based company with a lot of investment behind it to find oil offshore of western africa. producerynton is the she had exclusive access to a texas oil company as well as officials in ghana. she joins me now. thank you for coming in. what made you want to make a ?oney about the oil business lexa started out as an idea about oil. ammary should make documentary from inside the business. i went at it as giving access to an oil company, i'm going to west africa and find an interesting story. i did not know anybody in the business or in the continent of africa. i started with nothing. i bought a plane ticket and off i went. >> who did you meet? >> it took a lot of work. i met a lot of people, thousands of people. with the oil companies i learned pretty quickly that the big public companies were not going to let me have the kind of access that i

now they are saying -- sold it to carlisle.ow they are saying, what can we buy and what can we go out there and succeed at? the shareholders have that kind of logic? >> i would say in the short-term, they have no choice. in the long term, we can talk about that later, but the idea is that you want to introduce new drugs and new technology. >> that takes money, though. >> incredible sums of money to my because you have the regulatory hurdles. but it also takes the ability to's go out there and say -- the ability to go out there and say, this is not just some new type of treatment. >> will ackman, why is he interested in allergan? >> it is the biggest stake he's ever put into an investment. the idea is that you go where the money is or you go with health care. that is the reason why. what other businesses can say they have that much kind of democratic -- a demographic growth? >> thank you very much, steve brozak, joining us on pharmaceuticals. my thanks also to shannon pettypiece, bloomberg news health reporter. keep us up to dat

now they are saying -- sold it to carlisle.ow they are saying, what can we buy and what can we go out there and succeed at? >> do you think the shareholders have that kind of logic? >> i would say in the short-term, they have no choice. in the long term, we can talk about that later, but the idea is that you want to introduce new drugs and new technology. >> that takes money, though. >> incredible sums of money, because you have the regulatory hurdles. but it also takes the ability to go out there and say, this is not just some new type of treatment. >> will ackman, why is he interested in allergan? >> a 30% stake. it is the biggest stake he's ever put into an investment. the idea is that you go where the money is or you go with health care. that is the reason why. what other businesses can say they have that much kind of a demographic growth? >> they have botox and they have eyecare. i want to thank you very much, steve brozak, joining us on pharmaceuticals. my thanks also to shannon pettypiece, bloomberg news health reporter.

carlisle group made a bid for the unit in january and johnson & johnson had until today to agree to the deal. the transaction is expected to close mid year. j and j shares edged up a fraction to $98.23. >>> bill ackman's firm upped the stake in fannie mae and freddie mac. the largest shareholder in both of these government sponsored mortgage lending giants. shares surged about 9%. fannie mae closed at $3.9 and freddie mac at 3 pblt $87. >>> americans cut back on soda at a faster pace last year than in many years, that according to a new report and even diet soda sales are declining. this is the ninth straight year of declines for soft drink sales overall. shares of coke off a fraction to $38.66, pepsico 8 $3.50. >>> "frozen" topped a billion-dollar in global sales and it surpasses "toy story 3" set in 2010. shares of disney up 1.5% to $80.07. >>> apple and samsung in court again today. this time they are battling over patented technology use in each other's smart phones. as morgan reports, it's google that could have the most at stake in this legal scuffle. >> reporter: apple and samsun

travis payea, a horror film buff who plays the most prominent role in the video, 20-year-old jimmy carlisleound. 19-year-old christina lumm. she drives the car to the so-called grave site. and 20-year-old jonathan cockerill who is seen on the tape tying danielle up and later holding a knife to her in the car. they all claim it was a joke. they were making a movie and danielle taylor was a willing participant. but danielle taylor tells police that she thought she was going to be killed. >> that's what we alleged, it was against her will, it's illegal. if you're in a fraternity and you know you're going to be hazed and you go into it consensually, you know, some strange things are going to happen, and they go crazy, it's not a crime. if you're in a hockey game and you get your teeth bashed in, it's not a crime. you've consented because you know that type of behavior is apt to occur. it's where you've been given no warning that you're going to be confined against your will, threatened with a knife, it's criminal. >> the chief state police psychologist agrees. >> my conclusion had been, based u

conducting the usual clique the mammals including humans on the phone the whole film where horror at carlisle their tariffs that they don't know if it's the right thing to do this chore because there we commonly dr legislation we don't do demonstrations were not pro life. in that european and american man is the meaning of the perak where pro choice in that we might get one of them are true to life by giving her support to continue her pregnancy. if the us which he prefers the organization supplies free package is for the win in including a crane all the necessary baby products and diapers regularly delivered for a period of two years. have kids that we get to a woman cost per child four thousand five hundred shekels or twelve hundred dollars with bb's life is worth coming to dilate it in mind i'm going to need to beat iowa are not only the first to see if everything. which means that what we do here is his her health is important and necessary etc. maybe it's one thing keeping her home. it's mostly getting her feeling that somebody is standing behind her want to help. how is it the landing h

. >> i think that is a great question and i think that the workers working on this, and includes carlisle and the chiefs at san francisco general in plastic surgery, and urology and obgyn as well as the? >> the first words is that this should be a center of excellence for transgender care in our system. and i think that it is way essential that we are working with the high degree of medical expertise at ucsf. and i don't need to be the first one to say that a large academic medical institution like ucsf has its own processes in politics. and i don't feel like i am... or that the one who is going to be able to navigate all of those processes but i do feel like i know who needs to be in the room to be able to navigate those processes. and i think that we have got a very good start. to be able to say that let's not setting up competing systems let's set up a system certainly, it is of the interest of administratively at san francisco general hospital. to not only be a center for or within our own network and to look at this at the opportunity to be a center of excellence because all of the c

they made tentative steps towards me seen each other ha wait to try and dance the moms of cuzco carlisle to research i discussed what came not from the session with the congo be wide awake. please don't call me turning the corner the doctrine that are discussed in geneva a coleslaw made illegally armed groups to lay down their weapons with the league lead and individuals to the people that want to ask her to stay under the control and protection in locke's of russia. they could be forced to live to give up their weapons are some of these as we noted the neo groups can be forced to give up their weapons that are backed by the west window dressing is that this surge appears to be to me it means so as to what you think the actual planned constitutional process will really be able to appease the most of the people he can ukrainian society. again not an accident that this situation has turned into such a quagmire that has been a week we the us. shoulder a lot of this bird and sixty five plus programs billions of dollars to help with the stable as the elected government of ukraine. this is wha

fine, you don't go anywhere, i will go to carlisle.nt will stop not rolling the dice. bloomberg's contributing editor, thoughts., giving his >> captain america fights the forces of evil and brings in a ton of money for disney plus marvel studios. >> i'm erik schatzker. you are watching "market makers." if you are a big-money political donor, your phone has been ringing off the hook because the supreme court struck down the amount in total cash you can candidatesolitical and parties. phil mattingly is in us. democratic supporter and ally of the president, a big donor himself with your earlier today saying this would maybe level the playing field and take power away from special interest groups because the cash can go to the mainstream democrats and republicans. is that what you are hearing? >> i think a little bit of that. that's why the rnc is publicly excited about this ruling and the dnc keeps their powder dry a little it because democrats are opposed but they will benefit as well. the practical implications are that candidates will

the nearest hospital away is 42 miles away in carlisle.ill the prime minister commit today to do everything he can to assist me, local commissions and my community in retaining the consultant services of the hospital? >> first of all, he is entirely right i saw for myself what a job this hospital does and how important it is. but the commissioning group total revenues that are available this year are at and increase of 2.3%, 663 million pounds. that is because this government decided to protect n.h.s. spending and not cut it. that is why important hospital developments can go ahead. >> a record number of small businesses and many more people seeking to become self-employed. can our friend tell the house what steps the government is taking to help first-time prunes into becoming first-time employers and helping people achievement ambitions in life? >> what we need to do is make it easier for someone to take on their first employee. that is why this saturday we are bringing in the 2,000 pound employment allowance. every business that employs

we should throw her and others like carlisle.the big thing they have going for them is essentially of lack of dodd/frank. they are not bound by dodd/frank. once you were not bound by that there is a lot of things you can do including clint and trade in and get into businesses the wall street people cannot get into. i would say can we see what is going on with blackstone today? liz: i just looked. it is down about 5%. look at wells fargo. >> it comes out first. liz: is down 1.5%. >> what i would be most worried about to of all those firms and financials is goldman sachs. there is of blackstone. liz: goldman is down. >> these regulations affect their very pernicious business model of trade much more than the other firms. morgan's steel because of the opposite direction much more like the assets managed reaffirm. i can take goldman sachs will do something fundamental. there was talk about buying charles schwab. that would not be a bad fit without the brokers or things of that nature. i could see that happening and just wonder if the

they have more choices but now it is funny, earlier i had the sew coo of carlisle on.hat is close to a 200 billion-dollar firm under management. they're offering products, beginning to offer products with, i say only in quotation marks, $50,000 required to basically put into invest in a direct buyout, which never before, five million used to be lowest amount. it is getting more and more democratic. gerri: would you give it a high grade, number of options for people out there, who are not going to invest in hard assets themselves but instead will buy into a fund? are there lots of options for us? >> there are lots of options and more and more. that is one of the reasons why i honestly started this show to let people know there are other options and there will be more coming down the line of the as you said, mostly hedge fund strategies wrapped in a mutual fund. there are a lot of people who do have mutual funds. the advantage is, you don't have put a lot of money in and for some reason you need whatever it is you can get it out the next day a lost big-name hedge fund ma

. >> carlisle. >>> bye-bye. power starts now. >>> halftime is over. the second half of your trading day begins now. >>> there's a man coming at me here, downgrading america as corporate icons, gm and hershey. what does it mean for earnings season? it could mean a lot. that's up in two minutes. >>> now the neverending hunt for yield takes us across the ocean. an unlikely place. would you like to buy greek bonds? beware of greeks bearing bonds. is the yield worst the risk to americans. >>> and heart bleed, an online security flaw, putting all of our log-ins and passwords at risk. popular web sites, banks e-mail accounts, online retailers all quite vulnerable. what is being done about it? we will tell you later this hour. >>> first, to sue at the nyse. >> good to see you, ty. stocks making a comeback after a rough few sessions. 16,337.51. s&p up almost half a person. almost a full person gain in the nasdaq. the biotechs really bouncing back -- i should have just said rally. seema mody has a market flash. >> leading higher are the biotech. in fact second

i mean, mike took a very incredible strong opportunity with being a co-president at carlisle. it was a great opportunity for him. >> dave, thanks for coming on today defending this call. certainly interesting one. our call of the day. appreciate it very much. >> thank you. >> jpmorgan. >> would i buy it? is that the question? >> you love jpmorgan. you love jamie dimon. >> i have loved jamie dimon. i love his stock. to me it's fair value here at this level. >> is it love or lust? >> for me, it's -- i think he's done a great job in a very touch situation. >> he said valuation cheap. you say valuation is fair. >> i think it's fair. i don't see the out performance i would look to the up side. i don't see extreme risk to the downside either. those are not the kind of names i play. unless they are over or undervalued. >> i think there is the product mix and everything that goes into it and the potential of buybacks mentioned in this upgrade today. i think there are reasons why this stock could easily be 65 and not too long from now which is a pretty nice move from here. >>> coming u

. >> carlisle. >>> bye-bye. power starts now. >>> halftime is over.ding day begins now. >>> there's a man coming at me here, downgrading america as corporate icons, gm and hershey. what does it mean for earnings season? it could mean a lot. that's up in two minutes. >>> now the neverending hunt for yield takes us across the ocean. an unlikely place. would you like to buy greek bonds? beware of greeks bearing bonds. is the yield worst the risk to americans. >>>

it's 42 miles away in carlisle. that is struggling to with the prime minister commit today to do everything he can to assist me local commissions and my committee in retaining consultant services to the hospital? >> he is entirely right i saw myself what an excellent job as hospital does and how important it is but what i would say to him is of course the group total revenues that are debatable this year is an increase of 2.3% 663 million pounds. that is because this government decided to protect nhs spending and not cut in a just spinning and that is why important hospital department can go ahead ahead. >> more people seeking to become self-employed. can my friend tell the house what steps his government is taking to support first time entrepreneur's in the coming first time in employers and helping people achieve their ambitions in life? >> he is right. what we need to do is make it easier for someone to take on the first employee and that is why this saturday we're bringing in the 2000 unemployment allowance whic

cavanaugh left jpmorgan to go to carlisle. senior banker said to me yesterday, it is almost as if, is there anybody good left at these banks anymore? >> as someone who competes against them, i'm sure -- i can assure you there are lots of good people. this outmigration has been occurring for some time. >> we knew this. >> the events of 2008 changed that dynamic and accelerated it. , so many of the largest institutions, the universal banks and bank holding companies, continue to be in transition. that as a result of the stress test results and the uncertainty those created. is a sense that these institutions are reconsidering their business models, that they are under a great deal of regulatory pressure, that it will be more difficult than it has been in the past. so, some of the talented people have begun to migrate out. some are going to private equity, some are going to hedge funds, some are going to politics. >> gus christiansen. >> some are to independent firms. it has been going on at a high rate since 2008, not starting l

. >> so now they go to carlisle and blackstone. is the financial crisis as it relates to asset managers. >> it could be migrating to that. part of the seven sins of wall street is not just about money. it is about influence, political influence. you have undue political influence by wall street on washington right now. you talked about it on your show, i've talked about it on your show before. jb diamond goes to washington to get rolled by congress and senate and ends up -- >> hang on. on that andorting jb diamond did testify many people felt like they gave him a pass. fast forward a year and half later what he has to deal with carl levin and eric holder and the massive fights -- massive find jpmorgan has paid. is a breeze?lion >> i don't think it's a breeze, i think it's a heck of a lot of money. i think 23 million dollars is a lot of money and that's what his salary was this year or last year. runs one of the biggest banks in the world, why shouldn't he get hate that much? $80man does got nearly billion. nearly $80z got billion.

we will play what it could mean for blackstone, carlisle, and others. the possibility and legality

ent and his best buddy, spider spent a lot of time at the carlisle theater trying to find the love of their lives. spider found his love in corpus hristi, texas. kent met his true love suzy they both were lawyers. they worked hard and they played hard. and they loved races at the track. one hard week after -- after one hard work of -- week of working hard and playing hard they went to el paso, texas, and went to juarez to go to races at the track. the cab driver had very poor english, he took them to a very special track. monkey jockeys riding gray hounds. -- grayhounds. kent learned two things that night. suzy will follow him anywhere in the world and he needed to learn more spanish, especially the word horse in spanish. one more personal story about kent hance. on an time together aircraft carrier. to come aboard a carrier, you fly a different approach. a controlled crash. you have these wires across the back of the deck, hooking the aircraft to catch them. the plane goes to full power before it's hooked. to take off, off catapult, zero to 140 miles per hour in 300 feet. i have neve