was --energies ceo -- the ceo ofergy cheniere energy was pushed out.st company to export gas in the united states. he wanted to expand, pro-business, so i asked how he feels about note longer being ceo. on an emotional basis, it is disappointing. you must separate your emotions from the facts. at the company has chosen to go in a different direction in terms of strategy, then i understand the conclusion. the first one to admit that i am not very well equipped to be the ceo of a because i utility, and if that's the direction they want to go in , they've made the right decision. what your plan was for the company, and where the board and you diverged. as you mentioned, we had several incarnations in this industry, which changes so quickly and so rapidly, and the last time around we got caught with little liquidity at a time when there was a change in the energy business in general, mostly in the united states and shale shale production, which destroyed our plans to become an import terminal. i think we have learned from this experience in 2008 and 2009,

. >> news alert on carl icahn and cheniere energy. dom has the latest. >> carl icahn has boosted his stake to near 14% from a prior stake of around 12.7%. this continues to trend since about august. where he has repeatedly upped his stake by smaller amounts into lng, which is the ticker. and you could tell they do liquified natural gas. so cheniere energy right now marginally lower about 222,000 shares. it looks like he has boosted his stake in cheniere to 13.8% from a prior 12.65%. this is around the eighth time he's boosted the stake since around august. back over to you. >> thank you very much for that. dom, we'll see more of that. and the vultures cycling around over the carcasses, what do you see about that. >> it is hard to take on carl icahn. but he is buying something in a protracted downturn. eventually it will get stronger. but until you see it get stronger and see the cold weather come in, sustainable, it will be a difficult trade. you have natural gas prices -- you have natural gas prices trading at one-third of what they

kate kelly tracking cheniere there. >>> hedge fund giant jim chanos has been historically short chenierejoin us to discuss the management changes and his view of the whole thing. don't miss it. >>> they were shaping up to be one of the hottest toys for the holidays. but as more reports of hoverboards catching fire come out, one major online retailer has decided to stop selling them. those details are next. you pay your car insurance premium like clockwork. month after month. year after year. then one night, you hydroplane into a ditch. yeah... surprise... your insurance company tells you to pay up again. why pay for insurance if you have to pay even more for using it? if you have liberty mutual deductible fund™, you could pay no deductible at all. sign up to immediately lower your deductible by $100. and keep lowering it $100 annually, until it's gone. then continue to earn that $100 every year. there's no limit to how much you can earn and this savings applies to every vehicle on your policy. call to learn more. switch to liberty mutual and you could save up to $509. call liberty mutual

carl icahn has a stake in cheniere. a very dramatic reversal for company that was truly a pioneer, and the first to do it. scarlet: maybe a little bit ahead of its time, if you want to look at it one way. it will be the stuff of movies and tv shows. alix: that's true. fascinating story. this wednesday, we will find out if the fed will raise a rates for the first time since 2006. that officials of have more confidence in the economy and had been hinting at hikes, but how gradual will it be? joining us now is michael clarity, head of u.s. straight rate strategy. thank you for joining us. what we have seen as a divergence between what the market expects at what the fed has forecasted. which one asked to meet up with each other? >> i think the market will be disappointed on wednesday. everybody is talking about a dovish hike. i think that will be very hard for yellen to deliver. first, just the pace. of market right now is pricing for only half percent of tightening in 2016 and again in 2017. that is not a gradual pace, tha

my question is about cheniere energy. they split a couple of billion dollars building this export facility. i think they're ready to ship in a couple of months. icahn has been buying a ton of the stock. he paid more for it than i can buy today i'm thinking carl icahn. what do you think? >> if you want to be in cheniere, this is a risky play. it's risky because the price of energy is going down. there's a piece called cheniere energy partners it yields 7%. being contrary doesn't always serve you right. much more "mad money" ahead. from amazon prime to google express, the delivery space is heating up. i'm sitting down to see if they can remain ahead of the pack. then do your stocks have what it takes to survive this up and down market? i'll be the judge of that when we play am i diversified. and your rapid fire calls just ahead on tonight's edition of the lightning round. santa has a magic snow globe for every family. and this year, look at what he put in our driveway. the lexus december to remember sales event is here. lea

ahead, cheer and is -- cheniere energy -- cheniere energy has ousted its ceo.is next. ♪ the only way to get better is to challenge yourself, and that's what we're doing at xfinity. we are challenging ourselves to improve every aspect of your experience. and this includes our commitment to being on time. every time. that's why if we're ever late for an appointment, we'll credit your account $20. it's our promise to you. we're doing everything we can to give you the best experience possible. because we should fit into your life. not the other way around. ♪ brendan: live from bloomberg plus world headquarters in midtown manhattan, you're watching "bloomberg markets." we are great -- we're getting right to our bloomberg first word news. carol? carol: bowe bergdahl, facing charges for desertion and other charges. the army made the announcement, he was held by the taliban for nearly five years after he walked away from his stint in afghanistan. he was released last year in the controversial exchange for detainees in one, bay. he faces a possible life sentence. presid

but on the energy side, lng, cheniere has surprised me. he keeps buying more and more and even after adding people to the board and the resignation and the company has had a bad year but a multi-year run-up. it is a bit expensive. they are about to start liquifying natural gas and exporting it at a tough time for that commodity. we'll see. it must be a long-term play. >> talk about his stock. does he talk about the stock and his performance. mel said it is at a 2 1/2 year low and zeenism now trading 60 bucks-ish. and you hear no rankling about the performance of his stocks until recently. >> this is a holiday week and i reached out to him today and wasn't able to connect. i don't know what he would say at this point. on the hedge fund side he is probably feeling comfortable. but on the public company side, it is an issue. and i know they've been defensive about it and said, look, we're going to stay the course. but i think investors want to hear more than that. >> kate, thank you. >> thanks. >> kate kelly on that. what is your take? >> i m

as far as bad stocks, ones that he should get rid of, right now i'm thinking ylny, cheniere. down 230% this year versus last year. additionally, this has been dead on about this one as far as just between debt and the price of natural gas going down. this has just been a killer for them. yeah, they said good-bye to the ceo. 165 million dollars later they get rid of the ceo. that's an expensive parting gift. these guys are in at -- now it's time to get out of this one. nobody else to get in. >> i'm looking at freeport mcmoran. take a look at where this company made that decision to get themselves positioned in oil and gas. gas -- oil prices were actually above $100. that's a huge problem because they put themselves into a very laj leveraged position at that point in time. $21 billion in debt. they've accumulated over time. that's huge. their debt to equity ratio right now, somewhere near 100. that's incredible to me. now the play is going to be about spinning off some of those assets, and how about copper? is copper going to be able to react enough for them to actually save th

cheniere will replace its ceo. this comes just a few months after the activist investor carl icahn hiked his stake in that firm. board member neil shearer will serve as interim chief while the company saepz for a replacement. shares lower. valeant has hired a crisis management firm and an attorney. this according to reports the company is under increasing pressure over its drug pricing policy. shares up 1% at 94.14. >>> bridgestone's retail unit has hiked its offer price to purchase pep boys to more than $850 million. the move is an effort to match billionaire investor carl icahn's bid for the firm. shares fell a fraction today to 16.22. and royal dutch shell announcing its plans to cut 2,800 jobs after it completes its statakeo of its rival b.g. group in an effort to cut costs. shares fell more than 1% to 43.95. >>> today is december 14th. also one of the busiest shipping days of the year and the busiest bar none for the postal service. morgan brennan takes a look at how the shippers are faring. >> reporter: today

in the mean thyme, cheniere replacing their ceo. and in another management shake up, david barce is out at third avenue management after the collapse of their junk bond firm. a story that is likely to repeat. >> i won't over their portfolio last night. there is two issues. one is it is a mutual fund, you're supposed to get your money back. that is what jarred people. second, i think i may have found the world's worst investor. i looked at 55 issues they had. there was four that i would think are of some value. >> how does that happen? >> you're an idiot. >> you know energy names and -- >> it's not just energy. other than health care, they really just decided -- if you set out to own the worst pieces of paper with the idea that these are all high yield so maybe a quarter go under and we'll be all right. this reminds me of a fund like the norwegian -- where did you go -- >> i went to norway. >> this is a fund that bought like every bad phoenix housing, california inland empire, it is embarrassing. i know they're distressed, but americ

in a statement icahn says he fully supports cheniere's board. >>> we have a victory on worldwide exchange because carolyn has agreed to watch the first "star wars" movie ever. >> i have. >> ever. >> thank you, husband. >>> still to come on the program, "the force will awaken" tonight when the force premiers in the united states. does the movie have what it takes to challenge hollywood's biggest blockbusters? we'll get more from los angeles right after this. these are the headlines. fed in focus. european markets brush off an ugly session in asia. >>> donald trump retakes the top spot in a new poll, but ted cruz is nipping at his heels. >>> and "star wars" fans get ready for a world premiere in los angeles. >>> after two weeks global leaders have cemented a deal which aims to limit global warming to less than 2 degrees celsius by the end of the century. at agreement which will come into effect from 2020 was greeted by standing applause and whistles from delegates representing almost 200 nations at the cop 21 meeting in paris. >>> we heard from the u.s. secretary of state and appearing on n

the actually one with his -- reynolds connects with cheniere for the go-ahead td. maybe beat army 21-17. that's sports. christina: thank you for watching. that is the person i tonight. park. antwan: thank you for watching. christina: animation domination

ceo, ousted from cheniere energy. we will get his take on the energy market. talk about the u.s.giving back yesterday's rally. jerkeemed like a knee reaction from what we saw.

of course, carl icahn has been taking some notable stakes being boosted to some of these stocks, cheniere energy, now xerox. up fractionally as carl auch cuban boosts his stake. back to you. >> dom, thank you. >>> now when icahn first revealed a stake in xerox, we scratched our heads. i'm going venture to guess, seaburg you're going to continue scratching your head? >> yep, i continue to scratch my head. i stay way from xerox. it's not a flay i would want to be involved in. i look at the past six plays he has been active in. they have been pretty much dead wrong. >> so don't follow in. >> don't follow in. >>> the sell-off sweeping the high-yield debt market. and it's not just energy. two of the top high holdings, hyg are hospital stocks got crushed today. a top analyst weighs in on just how worried we should be. i'm melissa lee. you're watching "fast money" on cnbc, first in business worldwide. in the meantime, here is what else is coming up on "fast." >>> tech darling or tech nightmare? is apple, america's most beloved stock about to see major selling? it's the shocking chart that stockh

sounds like i might speak french, cheniere. cheniere has been working to become the first importer.reet journal says the board decided to make a leadership change after re-evaluating the exporting of lng. god, things are cheap in oil. how do you wean yourself -- i mean, it's just funny. how do you wean yourself off hydrocarbons? what a week to try to save the world. what a week to try to save the world. it's going to be so hard with hydrocarbons so cheap. good luck getting every country to stop using hydrocarbons. you still have had no success with your wind powered suv. >> working for years. >> you just sit there. you'll never be here. is that what happened? >> yeah, no. go back to gas. yeah. >>> let's tell you about a little bit of global news. billionaire chinese businessman chang attended a meeting after a report suggested that he had gone missing. the story sparked speculation that he was taken by police as part of china's corruption crackdown. his company, fosun international said he had been assisting chinese authorities in an investigation. >>> in the meantime, let's get a c

he also had a good deal to do with the exit of suke not long ago at cheniere energy.e have seen some changes among senior management. in the case of mr. moffett, he was chairman. freeport is up. i should mention when i mention mr. icahn, pep boys, manny, moe and jack -- >> such excitement around this company. >> that stock is up almost 8%. we're talking about a billion dollar company here. but he did raise his offer to buy to $18.50 a share. not a great year for one of the great investors, mr. icahn. he has been so heavy in energy. if you look at iep, which he -- >> may i point out before you move on, that the offer from icahn is $18.50. you're trading above that. is that an indication that they think bridgestone -- though they're trying to terminate the agreement with bridgestone that they think bridgestone will come back? >> yes. that's the belief that bidding will go higher. if bridgestone were to come back, they would want a larger termination fee. mr. icahn says do not raise the termination fee if you go up. there's still back and forth, even though they've alrea

>> among today's other stocks to watch, carl icahn raising his position in cheniere energy. he now owns a 13.8% stake. >> and shares of outerwall down sharply this morning. the red sox segment has not met performance expectations. outerwall announcing the red box chief, in fact is leaving. stock is getting hammered. down 25%. >> not a great day yesterday. down another 48 points today. for awhile it looks like the u.s. equity markets deep from oil as long as it was stable in the low 40s. we were okay but people see 47 and they go oh my god. >> friday we were dealing at least for the indexes. you had a lot of people thinking somehow there was a floor being developed in crude and natural gas is what is really a free fall. the weather is not cooperating and starting to hear people talk about capitulation. >> but also it's been a supply story and peel say no it's only supply but there's stuff out of china again. are we in a new step down in terms of -- do you see the yuan, how weak it is and reserves exiting. mark grant on -- he's able to talk about a lot of it. if we add demand