former middle east negotiator and former non-proliferation officer robert einhorn and my next guest gary sama. welcome, gary. >> welcome, fareed, hi. >> what prompted you to put your same to this letter? you're limiting the ability of the administration to negotiate and to make deals. if you were on the other side of the table right now, gary if you were in -- negotiating with the iranians i cannot imagine that you would appreciate having a public what appears to be a public warning from your former colleagues telling you what you should and what you can and cannot make concessions on.

einhorn and paulson have invested and lost considerable sums.ke in euro banks, one of raises for many banks. panicking depositors pulling out 1 billion euros from the system over the weekend if they can get the cash. stashing cash in their home. some even exchange the money for bags of gold coin. what we will be watching at home and we talk about big investors obviously wilbur ross made a lot of ink of ireland. she read home we will be watching a strong dollar, on lives and futures on 1.5% overnight, down 1% now. the near term will be coming up off the boat. sandra: nicole, thank you very much. you might've missed sports last night. the p.j. travelers championship for the second time a sink and a made for her deprived on the second playoff hole. the final round for a 16 under total through regulation. wimbledon starts today. serena williams at number one. both in action today. rafael mcdonnell is seeded 10th. the soccer team getting ready for tomorrow night's match against germany cms they advance over china. plus get a look at germany forecast

einhorn's hedge fund also jumped.pmorgan chase has a message for employees, don't leave a message at the town, there is no more voice now. they are eliminating a voicemail for employees as a push to cut $2 billion in annual expenses. jpmorgan says the alternative could be found in anyone's is at, since texting is -- key form of communication. heroesies turn big-box into money at the box office. in 2009, captain sullenberger u.s. passengers on board a airways flight and made an emergency landing on the head the river. now he will be immortalized on film, says -- so everyone can see his calm under pressure as laneuided the lane -- p and now more on markets. apple is an obvious one, they will earn next year. they are about to come out with interesting stuff next week. we will hear about music streaming and some other stuff. cory johnson is able to give you the details, but as a shareholder, i could not be happier with what they are doing. alix: do you own it for value or growth? >> it has 13 times earnings and with a mou

david einhorn taking a 9.4 million share behind appaloosa. and taconic.ga advisors took on a nearly 2 million share stake. carl langen is ubs's auto analyst. colin, could they force mary barra's hand? >> that's always possible. but to be honest i put it at a pretty low problem bilt. i actually think what mary said today is very accurate. i think gm is behind a lot of the other global automakers in terms of their global platform strategy. and they really haven't fully harnessed their own internal economies of scale. they have 26 platforms around the world today, and that should be going to 15 over the next five years. there's a lot of opportunity just inside the company. so fiat will clearly be a possible distraction. >> so fiat clearly wants a deal with somebody, if not gm. is there another potential partner in your view? >> i think it's going to be a challenge. this industry doesn't have a great success rate with m & a. even though the economics make a ton of sense and i don't disagree with fiat's view around the need to actually create scale in cost. th

month, jumped 6.2% last and david einhorn rose as well.benefiting from increased mergers and rising chinese equities. it is a california style brawl. mark zuckerberg and other neighbors are at odds to obtain rights to property. they do not want him to build a mansion overlooking his house. zuckerberg's former neighbors say that they deserve -- deserve money and they are suing the developer. there's a trial date for november 9 area watch has a punch allow the problem. are slow to load. to fix that, apple will unload new tools for the applications. the upgrade will be a key highlight of the annual conference in san francisco next week. there are already about 1000 apps -- 4000 apps for the apple watch. and that is a look at the top stories at this hour. coming up, in bloomberg market day, tidbit is offering details on the highly anticipated ipo. we will tell you how much money they hope to raise. u.s. auto sales are out, we will tell you which automaker has the 2000 -- best month since 2007. and we will look at the federal reserve, pouring c

the problem is, you have, for example, hedge fund manager einhorn was arguing, a lot of these frackinge been paying way more on capital expenditures and equipment than they should with their revenues. they're not producing free cash. david: new york state has sections of it. that are as poor as appalachia. we have sections that haven't had jobs for years. when governor cuomo said he would ban fracking, listen what he had to say in light of what the epa now says. >> from the data, there are questions that are raised that you consider serious questions about public health. and there is no research that would deny those questions. david: well, now we know that absolutely is not true. the epa says it's not true. so is he going to have to reverse himself? >> we'll see. he has a lot of people who don't want him to reverse it. i think there will be a lot of opposition. david: a lot of poor people in new york state want the business. want the cash. they need it. >> we have this epa report. he can't use not having the research as an excuse anymore. fracking has turned around a lot of sleepy sma

form state department arms control adviser robert einhorn and gary samore signed an open letter stating "most of us would have preferred a stronger agreement. we fear that the current negotiations may fall short of meeting the administration's own standard of a good agreement". >> the group had a sense and did have a concern that the negotiation does not fall short of these kinds of prince. that's one of the reasons that the group decided it was important to put out the statement. >> with the new red lines he's demanding unacceptable restrictions on the verification provisions. and i don't think the administration can afford to agree to those kinds of terms. >> reporter: administration spokesman cast the group's statement not as an alarmed critique but rather an endorsement of mr. obama's approach. >> the types of concerns that outlined in the letter are very much on our minds as well. >> so when they say we fear that the current negotiations may fall short of meeting the administration's own standard of a good agreement, they just don't understand what the administration is doing i gue

former middle east negotiator and former non-proliferation officer robert einhorn and my next guest garya. welcome, gary. >> welcome, fareed, hi. >> what prompted you to put your same to this letter? you're limiting the ability of the administration to negotiate and to make deals. if you were on the other side of the table right now, gary if you were in -- negotiating with the iranians i cannot imagine that you would appreciate having a public what appears to be a public warning from your former colleagues telling you what you should and what you can and cannot make concessions on. >> we were very aware of the importance of not asking for things that are unachievable or unrealistic. and i think, if you look through the substance of the letter you'll see that the positions we take on the key unresolved issues are very much in line with current u.s. policy. >> but then i don't understand the point of the letter. the point of the letter is to say the united states negotiating position should be what the united states negotiating position is? >> and we should insist on it. i think we've seen

david einhorn in the most recent quarter increased its position in chicago bridge.ner up more than 25% this year. >>> host hotels is one i'm watching, $25 price target. a good value play this after the decline of 20% from the 7 1/2-year high back in january. host recently started buying back shares and the stronger dollar is less of an impact than expected. >> when i saw the price target i went back to my charts and i noticed the last time it was at $25 who are above it was back at 2007. >> wow. >> then it was a $4 stock in 2009. if you timed it right you make a lot of money but if you timed it right, congratulations. >>> the last stock is always our under the radar name. today, cinpress nv. bapsed based in holland. it does trade here. custom printing jobs all kinds of stuff. if you want to done individually out there, that's the company that does it. upgraded to outperform from market perform. $100 target price, just under 20% up side. but i wonder is this a late call? the stock has more than doubled in the past 12 months. >> wow, it could be. the stock has had an