famous, always elusive dan loeb.h he was sharing his thoughts with you personally, i did have a moment to sit down exclusively with him and he discussed his best idea, amgen. he thinks it should trade below biotech companies, he thinks it pharmatrade above companies. he thinks it is a name that has been misunderstood by the street and there's is still a great deal of value to unlock. he is working constructively with the summer. he met with the ceo. they have over a billion dollar position which makes them in the top 15 holders of amgen. next week, they will be holding. will be holding an analyst day simply because he thinks they need to tell the story. he thinks the facilities need to be updated. since two thousand two, their sales have been up over 3% but the margins are flat. this company needs to be cleaned up. in terms of pipeline drugs, he is very excited about a cholesterol drug which many believe is going to be more successful than lipitor. it is about a year away from getting through revelatory requirements

dan loeb. and doing a good job. and good interview on cnbc.his think the stock does well. >> boeing beating estimates and raising guidance for the year. down 3%. >> it is a tough one. if you look at the numbers, e approximaps is better. demand is better. but look at the market. doing hasn't done much year to to date and on the back of a strong earnings the stock is selling off. >> herbal life ceo michael johnson talking smack? an interview with los angeles magazine. >> get out of your limousines and understand how the world works. >> we're hitting the two different views after the break. we're going to hear from tim ramiy, the bull and tim greenberg, the skeptic. stay was. >>> look at shares of herbal life. one of wall street's biggest losers. down 36% year to date. the company as you know is being investigated by the ftc, waiting on developments there as well. but as we said the stock as been one of the worst performers. we haven't heard much from the company's ceo of late until now. michael johnson giving an interview to l.a. magazine. and h

i have more details on dan loeb. he just got off the stage a couple of minutes ago at robin hood talking about amgen a position he initiated in the second quarter added to during the past quarter and one of his largest positions. he feels it has several things going for it and traded at a discount to peers and has a compelling mix of products. he believes it is an attractive investment opportunity and he also is agitating for a split up of the company into two units, mature growth and a faster growth company. it doesn't look at this point like he is going to go active and sort of negative on management. he appears to be working with management. the other thing i should add on the long side is that he has initiated apparently a position in ebay. at the same time he has either reduced or paired back positions in a number of stocks including aig, hertz, lng and sony. more details about all of those in this letter. just to point out commentary on the market turmoil of last week. he says while some fear was warranted some

. ♪ >> david einhorn, dan loeb, larry fink and more -- these iconic investors gather once a year to rubs and share strategies at the robin hood investors conference. billionaire activist carl icahn is perhaps the biggest of all, stirring up conflict at apple, ebay, dell, and herbal life, to name a few. he also addressed warren buffett, took jabs at silicon valley, and discussed the unintended consequences of the said's monetary policy -- the fed's monetary policy. in this low-interest-rate environment, how do you see this? what implications does it mean for the economy? >> it is concerning.

bill ackman and dan loeb, drew houston and aaron levie.ms there are several bets on industries too. >> absolutely. there are certain things like elon musk doing all kinds of odd things, moving to mars, building cars and that's to me very interesting in terms of innovation but in general it is product oriented with the cloud, for example, such a big thing, storage is such a big thing. and, you know, i don't know if edge funds as well but all sorts of innovations going on too. >> a number of people might underestimate jessica alba, not understand what she's done with the honest company. you've had her at your conferences. tell me what impresses you about her. >> she's got a great partner too, brian lee. they're doing really interesting stuff in terms of commerce and commerce that they send in terms of commerce that is sort of a definite brand of, you know, things that are around ecologically, safe things for children, smart move. interesting to see how big they can get or get bought actually is what i assume. sort of like a snapple for clean

. ♪ >> david einhorn, dan loeb, larry fink and more -- these iconic investors gather once a year to rubd share strategies at the robin hood investors conference. billionaire activist carl icahn is perhaps the biggest of all, stirring up conflict at apple, ebay, dell, and herbal life, to name a few. in this rare on camera interview he also addressed warren , buffett, took jabs at silicon valley, and discussed the unintended consequences of the fed's monetary policy. let's start with intereste

is now targeting dan loeb.coming up. ♪ >> welcome back to bringing you the most important stories you need to know. scarlet fu giants may. talking about yahoo!, we know hedge fund manager daniel loeb is calling for a breakup now. he sold out of yahoo! and sony. he has got money. he wants the company to break up now. he says it will be much -- much -- andfective than aired add shareholder value. click the split into mature versus gross companies. this all comes down to, there is not enough organic revenue growth. >> i spoke to my health care analyst before i came on set here. he made a good point. tough to makeis that transaction, the mature company in this case funds the research and development, the grill side of the business, it is hard to separate. >> we asked the chairman of another company and here is what she said. to listent is carefully to what they have to say and pick the best of their ideas. hard tounds good, but do when you're sitting at that company. bring toch clout they the table, how much experi

dan loeb just sold stake in sony. the company rejected his push to spin off a portion of the entertainment business, but third point says it made close to 20% on the investment. inmler bonds sold its stake tesla. the electric model s actually outsold the dime member cities -- mercedes -- daimler mercedes. with might prefer working bmw. finally, one of the legendary figures in journalism has died. guided thee washington post during the watergate scandal. he spearheaded the stories that eventually led to president nixon's resignation. they also won pulitzer prize. marissa mayer -- >> marissa mayer has a message for her critics -- "it is all good." yahoo! the five expectations by posting an increase. analysts expected a drop. marissa mayer told investors she has a clear turnaround plan that is already starting to work. the shares are up this morning by almost 6%. we are taking a closer look with an analyst from stansberry research. you have come effectively, a hold rating on yahoo! shares. what did you make of the commen

can you really ask dan loeb and carl icahn in the same room as larry think, who sit on opposite sides it will be interesting there it and we have got great new faces. eric schmidt will be there talking about tech. harvey will talk about entertainment. by helpinglp us out provide high it for free this year, which saves us a tremendous amount of money. a great two days october 20 and 21st. >> people are listening closely to what you have to say about the bond market and what mario draghi might need to do and might have to do. but they remember vividly some of the great calls you made on the stock market in the past couple of years. the s&p 500 at roughly 1960? what do you think? >> the u.s. economy is pretty good here it is trickier and out. because of what we just talked about. thinkhe stock markets, i you're really not at high multiples right now. if i look at bloomberg and put up a screen, i think it will say -- question is almost 18 times right now. >> no. it does not say that there it >> he seems to know it better than us. >> what does it say there? .>-earnings in the s&p 500 >> wh

but once carl icahn or a dan loeb shows up, you've got to do the analysis that they do and see if youits are very much in vogue right now. but not so long ago, it was -- it wasinging touted in the valley to bring companies together. is it about compensation? >> i think there has been a that aince the 1980's clear focused company is easier for wall street to understand and tends to be valued more highly. flows -- thebsent flownce low -- the ebb and in the last 30 years, there have been cleaner takeovers. activism has gotten engaged in earnest in the last few years. maybe a little bit of discipline broke down, you could argue, in the past five years, and you have some companies that build conglomerates. i think you are getting back to the natural trend, which is focus. sometimes management has blind spots and tends to overestimate the ability to run different kinds of businesses and the synergies that come from running them together. what an activist does is force them to face the blind spots. but what about the broader environment -- >> what about the broader environment? a lot of peop

activist in esthesther dan loeb written calling for a split of amgen.oeb ranked a top holder in the biotech company and says a split would generate more shareholder value. shares in amgen are up 21% in the last three months. let's bring in matt loden. thanks for joaning us this morning. let's get your take on amgen, the largest biotech company out there. do you think a split is necessary in order to unlock shareholder value? >> hi, seema. nice to see you again. thanks for having me on. is a split necessary to recognize returns for shareholders? i do think that this one potential avenue for shareholder value creation. but i do think that the strategy executed over the last couple of years arguably has worked. you know, if you go about two years back, this stock was stuck in the $50 to $60 range bound area. one they executed an accelerated share purchase and makes deployment of capital there and executed on the pipeline over the past year, you've seen significant gain in value. so i think it's hard to argue that the avenue that we're on today isn't creati

to dan loeb's point, they have the structure and embrace something of the millennial generation, harde off. >> that's the industry. now only question is how do we implement? everybody else is -- the industry is on board. >> we have to leave it right there. bill harris, thank you for coming by. touching on a wide range of issues and good for your insights. appreciate it. thank you or being here. norfolk southern stock hit today with a decline in revenue. can the railroad operator turn it around? the ceo is here exclusively in a moment and americans have been trading in and out of their 401(k)s higher rate lately and more than likely today in the wake of the shootings in canada and drop in oil prices. why that could be putting retirements at risk later on "the closing bell." it's monday, a brand new start. with centurylink visionary cloud infrastructure, and custom communications solutions, your business is more reliable, secure, and agile. ameriprise asked people a simple question: in retirement, will you have enough money to live life on your terms? i sure hope so. with healthcare cos

i want to know whether dan loeb is happy. there's two parts to the story. a great earnings report, and is it enough for the avtivis. >> probably crude back to 100 within a year. high-cost shale is going to dry up faster than we think. >> i care more about -- they are running the refineries at 88%. that's extraordinary. you get into the mid-90s, you get into burnout of the refineries. this is a company burning full out 24/7 around the globe and can't meet demand. that's unusual. >> let's get to 3d. >> last night opco put out a piece. i've been telling people sell 3d with everything you have. just get out of it. 3d systems said, oh, boy, opco put out this piece. valuation, pessimism and comps set the stage for why you should buy it. i wake up this morning and 3d preannounces a hideous number. this may be the shortest lived buy i have ever seen. these guys are addicted to saying a great story. because -- like, listen, we missed the numbers it really badly. there's strong demand for our products, we couldn't meet it. i'm going to just say eyebrows are a skans.