blackste bla blackstone -- >> and interesting from dan loeb, talking about it's a way to play recovery in argentina. hoping the bond deal will get done. >> and ypf, up 6%. >> well we said, this is why intel -- it starts trade at 3 1/2, go for it. >> i think you said that. >> and they didn't guide higher going forward. >> and a pop for beard -- beard gardens. a whacky new trend, some men weaving flowers into their hair. it started on tumblr. adorning their beards with leaves and flowers. >> how about a back garden. if i saw a dude with that, i'd crack him. but i'm not advocating violence. >> and a slew of new reports due next week. netflix, starbucks, others. tim, what are you watching? >> i'm watching starbucks. it's a name, if you look at the chart, it's struggling, but not terribly cheap. it has so much more to offer than something like mcdonald's. k-up sales are growing. starbucks, to me, have also passed through a price increase. i stay in the maname, and expec better guidance. >>> and boeing did okay. when you start to see cancellations and capacity cutback from lufthansa and the

dan loeb has -- he's not -- maybe he'll be right.on it than i have, but historically this has been a sector hazriesing an fallen with the markets. >>> thank you. a quick break and then final trails coming up next. so when my moderate to severe chronic plaque psoriasis was also on display, i'd had it. i finally had a serious talk with my dermatologist. this time, he prescribed humira-adalimumab. humira helps to clear the surface of my skin by actually working inside my body. in clinical trials, most adults with moderate to severe plaque psoriasis saw 75% skin clearance. and the majority of people were clear or almost clear in just 4 months. humira can lower your ability to fight infections, including tuberculosis. serious, sometimes fatal events, such as infections, lymphoma, or other types of cancer have happened. blood, liver and nervous system problems, serious allergic reactions, and new or worsening heart failure have occurred. before starting humira, your doctor should test you for tb. ask your doctor if you live in or have been

she had a board where dan loeb was a prominent figure and post for a lot of changes to help shareholderse gets credit for tweaking alibaba in ways that will benefit shareholders but this is about business and yahoo!'s influence on the world. the financial machinations of buying back stock and fixing the alibaba issue to continue to benefit yahoo!, those are financial machinations. the harder job is getting people to go to yahoo!, use yahoo!, and get advertisers to pay for it. you have a situation where marissa mayer spent over $1.4 billion in acquisitions in the last two years into the same time you see revenue falling, restructuring taking away operating profits of the business is making less money on an operating basis, forget alibaba. at the same time, you have revenue is falling. of the same time you have been spending over $1 billion in acquisition to boost that revenue. >> one of the changes she has made is doing the video conference call and we have a quote from her on that. let's take a listen. >> which transformed our culture by focusing our strategy on speed and execution. we h

they've done good stuff, some capital reallocation, they got a big dividend, dan loeb on the board.of the catalysts have happened. now i'm seeing competitive threats. and other all -- and phillips, a third auction house. so i'm not long either. >> is this a better deal for ebay? >> it might be. in terms -- i don't know is the short answer, but i know, i think how you trade the stock. we told him it's probably the wrong move and proofed to be correct. stock went from 60 down to 48. it was a low we made about six or seven months ago. i think you own ebay here against that sort of 48 1/2, 49 level. i think for the first time in a while and i mean a while, ebay looks like it's tradeable on the long side. >> i think some of the parts, this is definitely a name i want to own, it's kind of -- you do the math with yahoo, a little bit different. if you look at some of the parts on paypal alone, i think it's a $40 stock. i think the stock's cheap and would own it here. >> if they changed their name to paypal, would it be a higher multiple? >> yes, absolutely. i think people would have a bette

dan loeb is in a similar spot after making money on greek bonds in 2012.ened a hedge fund last year saying he likes both european mortgage securities and bank assets at the moment or at least he did as of his last investment editor. the market watchers i talked to said the portuguese issues are isolated or i'd difficult you sin kratic in hedge fund terms. hopefully we'll hear more apartment delivering alpha next week. >> we really look forward to that kate. delivering alpha starts next wednesday. the market is coming back. down 43 points. these shares are getting hit hard. shares of lumber lick question daders and potbelly both plunging 20% on the trading session. what these stocks might be signaling about the health of the consumer and housing, coming up next. in a world that's changing faster than ever, we believe outshining the competition tomorrow quires challenging your business inside and out today. at cognizant, we help forward-looking companies run better and run different - to give your customers every reason to keep looking for you. so if you're

moving and shaking this hour -- dan loeb has been putting the heat on auction house saw the these and - sotheby's in the antiquated way it does business. he calls it an old painting in desperate need of restoration and it seems like some of these is of these -- sotheby's changing. instant bidding access to everything from ancient masterpieces to fine wine on ebay. it hopes to add online only sales and try to get on the technology age. coming up, high-stakes battle and theleft and uber real winner is the drivers. there is china concerned that iphones may be leaking state secrets and we will see what apple has to say about those acquisitions. ♪ lift was scheduled to roll into brooklyn and queens but held off because of regulatory road locks. the company hopes to roll out those mustaches sometime soon. matt miller has more. >>lyft is trading in the hills of san francisco for the cobblestone roads of brooklyn. they made an exception to allow me to drive in style. why did you guys pick brooklyn and queens rather than manhattan? >> the need for transportation is greater. lot the subway line

where are you in dhoefs with dan loeb? you quite rightly remember, andrew, in particular, remembers, we had been, obviously, where the world before that. they had chosen to release it. we had been the subject of a couple of their letters that never actually directed any of it to under the circumstances, a letter to us. but what they had been talking to us about is different ways to release value and there we're completely aligned. we've had online dialogues with third point as we do with all knowledgeable investors. in the main, those dialogues have been going very constructively. i'd like to tell you the alignment on releasing value in this sort of an economy is very strong. of course, they made a suggestion around split-up. look, warren buffet i think said it very well on one of the previous programs i reported that he told me, run the company for those investors who are staying, not for those investors who are leaving. i think that balance, how to actually get release value this moment versus release value five years fr

out of them have closed their positions, whether you are talking about demo -- dan loeb. have not seen another investor side with bill ackman. the regulators have gotten involved. bloomberg did a piece recently about herbalife people who claimed they were victims. other organizations who said they looked at individuals who worked with herbalife and got the wool pulled out from under them. >> there will always be disgruntled employees. what bill gates to prove is that this is a ponzi scheme. and, unless something happens tomorrow, we are a fairways away from proving that it is a ponzi scheme. >> in the meantime, all of his eggs are not in that basket. he is partnering up with valley and. i will speak with him at 2:45. we will talk about allergan and his big presentation tomorrow. >> junking your junk bonds. we are witnessing the late to safety in the market, with investors selling off high yield and high risk or it >> plus, the road to ruin. why america is shortchanging its future. the controversy, still ahead here. stay with us. ♪ >> live from bloomberg headquarters in ne

certain investors like dan loeb who think there could be more value unlocked.ten years. that's lagged the rest of the market. coach is an interesting story because it's only been recently that this stock has been hit and hit hard. remember, this was a stock that traded at some premium valuations in the past, because of that luxury market really booming. it's taken more of a back seat to some other big names. >> but the question, sure the question you could have with the coach is when you have teenagers who are wearing coach shoes around can it regain its luster, can it get back the pull that it had before? >> you could almost say the same thing about any consumer company, right? courtney reagan talks about this all the time. these are about thematic investments. with teen retail, that's a big thing. when i was growing up, abercrombie & fitch was huge for me to wear. now you can't get anybody who wants to buy abercrombie clothes. >> thanks, dom. >> up next the politics of retirement when it comes to social security plus the changing trends in growing and project

likeave big-time activists dan loeb, carl icahn, bill ackman, who get aggressive, and they are technicallyt side of the law. people say what about ethics, the spirit of the law? we will see this today. he talks about these nutrition clubs being a complete fraud. take a look. >> we spent the last year with undercover investigators in multiple countries and in the united states participating and trying to figure out, ultimately figuring out how nutrition clubs work. we have, you know, hundreds of hours of recorded conversations. this is stuff we have not turned over to the government. we will do this promptly after the presentation. the nutrition club is a complete fraud and we will show that tomorrow. >> here is the question -- he has hundreds of hours of videos from how many nutrition clubs? there are over 5000 in the united states. does he have video from over half? then you could make the case it is coming from the corporate level. he will want to tie the sleazy nutrition clubs to the top of the company. do, butnot be easy to mr. bill ackman, a man with no fear, says he is going to do it

and maybe the face of it right now are sort of a larry fink versus maybe like a dan loeb type or, youel lipton on the side of larry. basically, the notion is that activism often involves a share buyback program and other measures to return cash to shareholders, but at the same time, it may not be the right long-term solution for a company or the right way to sort of think about organic growth. at least that's the counter argument. so, interesting point there. and i think it's something we're going to see more of this year with all the heat on activism. >> what's your preference in today's landscape? are you looking for companies that are aggressively returning cash, returning capital to shareholders or are you looking for the ones who are bumping up their capex plans and see brighter prospects ahead in terms of business? >> well, i think always, always everybody wants a return on their money, and i would prefer that. i would prefer it going to the investors. let them get their money, let them all of a sudden take it and put if back into the economy. if you hold it back and you're goin

dan loeb is off the board. she has a pot of money now to work with.ve jobs didn't turn that around in two years. >> they're going to stream concerts on their live stream, they've hired katie couric, there's all sorts of media pieces on one side and then there's the advertising piece on the other side. some people would argue it's spaghetti against the wall. >> i don't know if it's spaghetti against the wall. i keep looking back at appear apple as an example. what steve jobs did with mac, that was nice. but it was laying the important groundwork in that core business of maces versus pcs. but that didn't ultimately move the needle for them. it's not the transform yagz move they have yet to make. >> okay. spaghetti against the wall. >> you gist flick it against the wall and it sticks against the wall. >> i know the expression. that's not spaghetti. >>> let's check in on intel shares this morning. the bigger story, what does intel say about the future of the pc market? pcs aren't gone and intel makes the cuts of so many other things now at this point. i g