the letter, it is not a traditional dan loeb position.nks it can go from $87 $125 within 18 months. is this the new activist strategy? you still see upside. how is he going to get the 50% he wants? what are his ideas? >> he thinks they can improve their operations around venmo. starting tot realize how successful it could be. $1can add an additional billion in revenue to paypal in three years. the off-line payments business is a bigger market and he thinks those areas are going to help them become a more successful company. he thinks this is a company that is going places. standalonets as a entity. the chairman of paypal was the ceo of ebay. companies should have -- stocks. , he says het know has taken a new position, the one he is talking most about. this is a long position. vonnie: will -- have to disclose the number of active users? >> this is a $102 billion market. a 5% hold of the founder. the expense to which dan loeb will take a meaningful position above a percent or two and lobby for changes is to be questioned. this is a big mark

vonnie: they are responding to loeb and theto dan ceo saying we are doing what we can. investors have been ,rying to get a little creative they're going after companies who authorities seen stock price gains. where else are we seeing this kind of activity? heather: it's hard to say right now. i think we will see a lot as we go forward in the next few weeks. we've already seen in deutsche bank for example people are skeptical about ceo singers turnaround plan and may have a drop even though their results came in above expectations. skepticismot of going through about established companies on a turnaround plans. seem to be working, some stay down on higher marketing spending. as a little more skepticism. mark: is there a bigger theme among consumer goods companies? today was busy. heather: the biggest theme you've seen is constantly having to have innovative on acts as people turn morgan nice, france. the etsy had better profit today and they've been moving into new products such as heated tobacco and some of the success and that is one of the reasons there shares are up

dan loeb is putting the pressure on nestle.argues the swiss company should divest its stake in cosmetics maker l'oreal and stated hard look at its government structure. nestle says it takes all shareholder perspectives seriously. does go euros biggest supermarket chains will form an alliance to cut cost. tesco and a french chain want to increase their leverage with suppliers. they will manage purchasing goods. that is your latest bloomberg business flash. vonnie: wednesday join us for our second annual coverage of the july 4 fireworks spectacular at 8:00 p.m. eastern on bloomberg tv. ♪ tv. ♪ vonnie: live from bloomberg world headquarters in new york, i'm vonnie quinn. mark: live from bloomberg's european headquarters, i'm mark barton. this is bloomberg markets. let's check in on first word news. kailey leinz has more. in mexico it's a resounding defeat for the business oriented party to run the country for decades. mexicans elected the first left wing president in times. yes promised to fight against corruption and poverty. he

back over to you >> court, thank you very much for that dan loeb must agree with the president.. campbell's soup. there's opportunity there as the company that we knew was already in the middle of this crisis like strategic review facing a number of -- business under pressure for a very long time. a lot of people thought it's small enough now and it would be in play. can this review produce some restructuring that would satisfy investors. >> 20 seconds left will this influence the nasdaq tomorrow with the whole tech sector >> i don't think apple is enough of a bellwether for the market and give you a net benefit of the pop, in the dow and the nasdaq. >> and it would lead to a better feeling with the group and about to have a mess or a big miss >> up 93% after hours. that does it for "the closing bell." "fast money" begins righ ♪ ♪ >>> and there you go we do start right now, thanks, will of and an earningsel bra , celebration. earnings just out. shares are jumping 3% after hours and the stock at an all-time high and inching, creeping, clawing toward a $1 trillion market cap and f

that from dan loeb lee, congratulations on your career, and selfishly, maybe this means you'll spend a little more time with us, but we wish you nothing but the best >> thank you for all the visibility you've given me over the years. more than i deserve. >> we'll talk to you soon. lee cooperman. that does it for us today. "power lunch" starts now >> love you, lee >> hard to follow-up that touching moment, right we're going to try i'm michelle caruso cabrera. strong earnings fueling the bulls. the dow is up 25,000 nasdaq getting record highs. is a bigger break-out ahead, and is there still value in the market president trump tweeting up a storm saying tariffs are the greatest his comments come as the white house prepares for emergency aide for farmers, which are calming the escalating trade war. trump speaking right now that's a live picture. is the get tough approach working? call is it air

now the stock is up a couple today because we saw some -- dan loeb who is an activist who said he thinks stock can go up big from here. paypal is my favorite in my charitable trust that you can follow along by joining the club is the way to get the information. tom in indiana, tom? >> yes, mr. cramer, how are you today? >> i am good how about you, sir >> caller: i'm great, thank you. hey, here is my question i own stock currently in dominion energy, and, of course, there's also dominion midstream partners which is dm with dominion midstream partners also be a company worth acquiring stock in as well >> i don't think that it's bad it's down almost 50% it's not that low quality. we have got a firc modification rule i've soured on that group, but this thing has gotten too cheep. i like d very much they're involved in the acquisition in south carolina that has kept that stock back. all right. avoid the extremes, people you saw what happened today with the stocks of 3m and salesforce. it's essential to find out what's going on before you take any action is that so hard? on "mad" tonight, with

dan loeb uppinthprsug e esre on nestle, we have the details on this merger.e right back. you'll get clear, actionable alerts about potential investment opportunities in real time. fidelity. open an account today. fidelity. with tripadvisor, finding your perfect hotel at the lowest price... is as easy as dates, deals, done! simply enter your destination and dates... and see all the hotels for your stay! tripadvisor searches over 200 booking sites... to show you the lowest prices... so you can get the best deal on the right hotel for you. dates, deals, done! tripadvisor. visit tripadvisor.com >>> it is the first trading day for the second half of the year, and we have got four top stocks that investors are expecting to break out. coming up, trading nation.cnbc.com, more "squawk on the street" after this >> i have been watching the market since the late 70s and it's very hard to evaluate the markets with so many different inputs i get inputs both inside of trading and outside of trading i'll tell you what i mean. there's many that believe we're going to have a h

it may change some of the color or context they have for some sectors >> it's interesting, too, dan lo loebhe's going after nestle to break up and now he's going after reportedly campbells soup as well so you talk about consumer staples historically doing well. now you also got a well known hege fund manager rattling i wonder if that would add to the odds that 78% of the time that sector goes up. >> the reason why these folks are getting involved in consumer staple stocks is because they've been beaten up so badly. if you have these catalysts going forward, it could be huge. and we're not even talking about the fact this is a midterm election year. a bunch of seasonality aspects go into that i would also say this, there was something interest that ryan dietrich said. >> he has some cool stats. crazy stuff, but cool. >> so follow me on this one. may and june are typically weaker seasonal months in times when may and june are both positive over the last 2 it time t -- 22 times we've seen that, 19% of them the rest of the year has been positive. so you have bullish reasons to be high on the ma

that from dan loeb lee, congratulations on your career, and selfishly, maybe this means you'll spend a little more time with us, but we wish you nothing but the best >> thank you for all the visibility you've given me over the years. more than i deserve. >> we'll talk to you soon. lee cooperman. that does it for us today. "power lunch" starts now >> love you, lee >> hard to follow-up that touching moment, right we're going to try i'm michelle caruso cabrera. strong earnings fueling the bulls. the dow is up 25,000 nasdaq getting record highs. is a bigger break-out ahead, and is there still value in the market president trump tweeting up a storm saying tariffs are the greatest his comments come as the white house prepares for emergency aide for farmers, which are calming the escalating trade war. trump speaking right now that's a live picture. is the get tough approach working? call is it air bnb for your car. what's it going to mean for sales? power lunch starts right now >>> welcome to "power lunch. i'm melissa lee. nice rally this hour the dow and s&p 500 on pace for their biggest m

taylor: there's another great story with dan loeb, releasing a report over the weekend highlighting thent to comes to nestlÉ? >> quite a lot. the big thing is to get rid of the stake in l'oreal which he said he wanted them to be consider. were a huge stake, work -- $35 billion. l'oreal has done very well, so that has become more valuable. nestlÉ has gone down. his position has decreased in value. if they sold l'oreal that would be a huge benefit. , ands them to streamline this is something he after -- goes after companies for, management is not diverse enough. inside ofis nestled it. an invested in the idea of moving the company in that direction. quite so some corporate governance issues. vision have this 2020 they think they are delivering on, focusing on their core areas. they have done a major buyback in the region of 20 billion swiss francs. a large share of buybacks. they have had a good program. this is a huge company. they are saying we will get to this but we are going to get there in our way not in the short-term way he is pushing for. he says if we miss this opportunity the c

dan loeb turning up the heat on nestle over the weekend.he activist investor urging the company to split into three divisions, telling its board to be, quote, sharper, bolder and faster in overhauling the company. criticizing the company for a lackluster effort to revamp its strategy nestle has initiated a large share buyback. a marketing deal with starbucks and investment in blue bottle coffee the investments are not enough and failed to satisfy investors. stocks down for the year about 8% loeb is like back to the future. a classic loeb letter. dan has not written a letter like that for a long time. for those who enjoy reading these, you can google it it's sharp it's just a very sharply written letter >> what if both of those people are watching right now. >> both of whom? >> who are you talking about >> the two people interested in reading one of these. >> one of the loeb letters. >> they may not be -- may not have the tv on. >> after what he said, i might read it. >> all right let me see. >> i know nothing about it >> it's about him talk

and then there's campbells soup, dan loeb pushing for the company to sell itself.ome of these consumer staple stocks that have been beaten down. >>> president trump continues to push the importance of i.c.e., he mentioned it this morning in a tweet saying when we have an infestation of ms-13 gangs in certain parts of our country, who do we send to get them out? i.c.e.. they are tougher and smarter than these rogue criminal elements that bad immigration laws allowed into our country. dems do not appreciate the great job that they do. congressman from texas, louie gohmert, joins us right now. all right, congressman, it's interesting because, you know, it changes weekly, but now it looks like the dems have latched onto the new midterm rally cry, and it's abolish i.c.e.. first, before we talk about the politics of it, let's talk about the practicality of it. you're someone on a border state. does it really -- does this concern you? >> absolutely. it's a call for anarchy, and it's a amazing that -- amazing that it has caught on and has been spreading even among what wer

dan loeb made some comments yesterday in a letter picked up by cnbc.said he's still constructive on the markets thinks the growth will be there. says the one thing to really watch is the federal reserve would you agree with that? >> i think it's right. the reason to watch the federal reserve at this point, we know we've got increased deficits there's going to be more need to add. you've got this mismatch between supply and demand. thang could push treasury yields higher we've been in this area of quantitative easing for so long, that's all changed and i think that's got implications for markets that will last for years. i think 2019 could actually be a much more difficult year for the markets because we'll have slower earnings growth, right? because the growth rates are going to slow simply because the year oth comps are -- >> so you're positioning yourself for that or you don't even try >> you want growth in an environment where earnings growth is slowing, you want own growth you want to own small over large. you want to own companies that have the ab

dan lobe is turning up the heat on necessarily. urging the company to split into three divisions. he's telling his board to be sharper, bolder and faster in the company. loebcriticizing nestle for a lackluster effort to revamp strategy nestle initiated a large share buyback, a marketing deal with starbucks and investment in blue bottle coffee. however, the stock is down year to date. those efforts failing to satisfy investors or one big investor. >>> the other individual stock stories include dell sources say the company is near a deal to become public again. it plans to announce as soon as today it will buy a tracking stock that mirrors the performance of the m ware, dell's cloud software unit that will pay a 9 billioned divide dividend there's a tracking stock that's little known, dell will effectively buy that stock as a did he facto, if you will. ipo or reverse merger with itself 5:12 in the morning. have another cup of coffee. >>> meantime, interpublic is reportedly close to a deal to by action i don't know marketing solutions unit for about $2 billion. ax i don't mean may explore sale of the deal. >>> nissan scrapped the sale of battery business to g