but how could elliott management moving to impact the sector? i'm investigating. the calls rapid-fire in tonight's edition of the "lightning round." so stay with cramer. ♪ (sensei) beautiful. but support the leg! when i started cobra kai, the lack of control over my business made me a little intense. but now i practice a different philosophy. quickbooks helps me get paid, manage cash flow, and run payroll. and now i'm back on top... with koala kai. hey! more mercy. (vo) save over 40 hours a month with intuit quickbooks. the easy way to a happier business. apps except work.rywhere... why is that? is it because people love filling out forms? maybe they like checking with their supervisor to see how much vacation time they have. or sending corporate their expense reports. i'll let you in on a little secret. they don't. by empowering employees to manage their own tasks, paycom frees you to focus on the business of business. to learn more, visit paycom.com >>> all week i've been telling you i'm a little skeptical about this rebound while it gets harder and harder to ju

. >>> the other news breaking, elliott management taking a stake in soft bank apparently, $2.5 billion that bears watching. >> sizable for elliott and soft bank thanks for watching "power lunch." >> "closing bell" starts in about six seconds. we'll just let you watch us for the next six >>> welcome to "closing bell." i'm down on the floor of the new york stock exchange at the casper post, ipo of the day, getting a popup of 15% only after the valuation was cut lower and lower. two other ipos happening today and a number of recent ipos reporting after the close including the biggest of all, uber 59 minutes left of trade. >> good afternoon. let's have a look at what is driving the action today more record highs for the dow and s&p. the fourth straight session of gains after some better than expected labor market data china says it will lower tariffs levied against american imports, and boeing rallies more than 3% as the company says resaergs will start joining usa stephanie links. great to see you. >> great to see you. >> quite a strong bounceback from the coronavirus declines. do you fee

why does elliott agree? >> there are not many underpriceds for investments.ank has been part of that with a visual fund. it picked out all the startups that have the potential to grow, and it has invested in them. the core of the softbank group value is its investment, so if you think that the tech industry still has room to grow, then you think that softbank group itself has value and room to grow itself. is this a good alignment of interest? >> i think so. sono sheets on -- masayoshi and softbank group feel the need to organize more internally. at last earnings call, must say what she sunsetted -- month zero son said -- masayoshi he would look to diversify. of the company and most of the percentages go with him, so if he brings in more external board members, feels like a more democratically run company, may be convinced in the they thinkalue which is more than double its current valuation. haidi: how much of a bugbear is the discount that shares are trading at at the moment? huge chunk ofh a the company. he wants to see people who have .he same vision he d

elliott is a feared shareholder here.work outable deals with the companies it has targeted in the past or does it always tend to get adversarial? matt: somebody wrote about him the other day and called him the boss who tells bosses what to do. when he puts his weight behind something, he often gets his way. i expect things are amicable. i probably suspect he will get a board see or two. if things go that way, it is going to be another win for him. romaine: through all of this, there was some relative good news coming out of softbank. they didn't see a little bit of return off of the uber -- they return offe of the the overinvestment. his narrative is the tide is turning. this is some kind of transitory hiccup for the company and all of the investments will pay out in some sort of aggregate form. matt: that is his thing. he is the vision man. he wants people to take the long view. the stock is up to perception romaine: he is putting a lot of his own money. matt: that is the point i want to get to. he has curbed his ambitio

elliott is a feared shareholder here.t been able to work out deals with the companies it has targeted in the past or does it always tend to get adversarial? matt: somebody wrote about him the other day and called him the boss who tells bosses what to do. when he puts his weight behind something, he often gets his way. i expect things are amicable. i probably suspect he will get a board seat or two. if things go that way, it is going to be another win for him. taylor: coming up, mike rogers, a former house intelligence chairman, joins us to discuss how he thinks the u.s. can win the global race for 5g. wework brings in a new ceo. in hopes of turning itself around we discussed the challenges facing the real estate veteran. this is a bloomberg. -- this is bloomberg. ♪ taylor: the trump administration wants to develop a cohesive 5g policy, but there is widespread disagreement about how to get there. last week, william barr dismissed the effort to use homegrown equipment, instead suggesting the government should work with noki

. >>> and paul singer versus masa san, elliott management taking a $2.5 billion stake in softbank >>>irst the better than expected january payroll number includes the addition of 206,000 private sector jobs, unemployment ticks up to 3.6, labor force participation also increases, wage growth up 3.1 year on year people are wondering why yields are not, jim, acting as you might expect we did get benchmark revisions down >> it's incredible i think there should be. i mean, the big job gains are exactly where you would move interest rates they're in construction. it's what you need big construction loans, you think there would be demand for money. it's just not happening. interest rate. interest rates >> manufacturing down 12 for the second month in a row. >> that could be china and boeing >> obviously and ism numbers we got earlier this week would suggest that will rebound in time >> yes, i think it will. i really love this construction number, though plus the multiplier effect with constructi construction there's still a lot of people who want work that we didn't know and i think that tha

the co-founder and president elliott joins us today >> thank you for having me >> you want to walk uss and is it being used in this particular case? >> yeah. we've seen situations like this with sars and mers, ebola, influenza. it ripples out to other industries the situation that we have here today is particularly scary because these germs can survive for 28 days, and when the cdc decided to start doing enhanced passenger screenings on inbound flights from china, we realized that if there's a positive test, something that sets off these alarms, there's no recourse for killing the germs that are left on the plane when these germs can survive for 28 days we need a way to disinfect the airplane because when people are traveling they're going all over the place. >> what's the efficacy how long does it take, and how much does it cost? >> we're using uvc lightings like they use in hospitals we became familiar with this technology in hospitals. we really just reapplied it to the airline space. our unit fits like a puzzle piece in the airplane cabin and we're able to blast all the high-touch

we got some breaking news on elliott management and softbank.oing kind of a hard transition here. but this is breaking news. i got it pretty cold in the last couple hours. >>> as you know, elliott management is the big activist fund. they are putting money into softbank, basically took a position. softbank has had a lot of problems with its vision fund and with returns, and what's interesting is softbank's stock has suffered because of that. what we understand is that elliott management as part of its activist play is considering pushing softbank to not do another vision fund. they are out there trying to raise money from the saudis, from abu dhabi, as we have done a lot of reporting on this, getting some cold shoulders out there. we understand softbank is weighing whether to actively push softbank -- elliott is weighing to actively push softbank not to push that second vision just to focus on rereturns on the first one. liz: partly because of the wework disaster? >> partly because of that. wework shine ad huge light on some of softbank's recent

because singers elliott management company believes yes, it can. according to people close to the matter, softbank is one of the most undervalued companies and could easily finance a share buyback by trimming investments in alibaba holdings, sprint court, and others. and their goal is to boost share value. they're also focused on an overhaul of the board and the moves at -- the vision fund, moves that could boost share value. we works is just one of the issues that is front and center for softbank. the ceo had to be removed. it had helped the industry become more savvy about what works as a business model and the valuations, and elliott wants softbank to set up a special committee to review how the vision fund works at this point. haslinda: su, as we worked demonstrated, showering companies with far more cash than they were seeking has pretty much hit some serious speed bumps. what will singers likely objective be in regard to the fund? su: transparency is one of the issues. he's looking to set up a committee to review some of these investments and

kyle larson, chase elliott and austin dillon. all those chevys coming to pit road. kyle larson, 20 races in the off season. he's raced all around the world and won half of them including the chili bowl. a big checkoff there. >> there's a bunch of incredibly talented race car drivers that come to nascar, and we get the privilege of days like today watching these guys, the best of the best out here in the stock cars. 2 1/2 mile high bank speedway. fun to watch. they have to get every bit of that talent out of the race cars and themselves in the final laps. >> interesting dark horses in the final ten. michael mcdowell's been good. justin haley had to race his way into the daytona 500 on thursday. a winner here previously. he's in ninth. rookie john hunter nemechek, second generation driver, starting his rookie season for front row. number 38. big rookie class. the biggest i can remember in years. six drivers including the top three from last year's xfinity series. to campaign the entire 2020 season in nascar cup racing. it's kind of been an up and down day for those ro

elliott has taken a 2.5 billion-dollar confiscate in the company. elliott confirming it did not confirm the size softbank shares have been under pressure over the past year as high profile investments in uber and we work failed to deliver. are we setting up for a clash? i mean, look paul singer, masasan. >> seemingly going head to head. we talk about we work all the time for good reason but there are other investments they made that dun did well. you mention uber and we work others did well. the stock got punished too much for the we work situation. with that said to your question i think that's what's happening. we are sitting up for a bit of a fight. >> we don't know. >> it would appear. >> is it a partnership. >> you would know better than i. you speak to the people. you let us know. from my vantage point that sets up for a bit of a battle. >> thank you. >> no, it's true i'm glad everybody is trying to figure it out. >> wait, wait. couldn't this just be them looking sum of the parts i know this isn't necessarily a good exercise. i think there is

that was really weird. >> elliott is in that one too. what we had earlier this week was star board, which is also pushing for change at ebay saying it's taking too long. i want you guys to sell your classified business. a few hours after that letter goes out, it's revealed that the intercontinental exchange owner of this dark stocking stone made a bid for ebay. now markets hated this idea, absently hated it. so basically it's all ice shared tank even though management try to talk of the merits of the deal. i know you're interested in this. >> exchanges, i know that's just not good businesses any more more stock trading getting down off of the exchange, the cost, the amounts are able to trade for trading is just going down. why not ebay? they have great data products, they have great data products with ice. maybe turned around that site. sumac and ice would say were all a marketplace so why not. shareholders are saying your 50 billion-dollar company taking over 30 billion-dollar company. >> you could buy an old print or shares of tesla. w

attorney general elliott richardson resigned rather than carry out the benefit. he, too, resigned rather than carry out the president's order to fire archibald cox. the solicitor general named robert bourque and that's how we got it. those senior officials refusing to go along with what president nixon is doing. i will not do this, you will have my resignation instead. that's why we remember that night from the watergate scandal as the saturday night massacre. that is not what is happening here because there is, as yet, no elliott richardson in this story. there is no bill ruckleshouse. there have been protests in the trump administration including over the handling of the ukraine scandal. in early october michael mckibly resigned his position over the pressure that the trump administration was getting together but also because of secretary of state mike pompeo had thrown to the wolves, abandoned trier personnel and had been caught up in the impeachment inquiry and how much will it cost? mckinlly later testified behind closed doors in the investigation saying, qu

elliott asserted, "gentlemen, your place." bainbridge bellowed out, "present." the pistols rose, each man taking aim. bainbridge called out, "one, two." a simultaneous bang erupted from each side of the field. barron fell to the ground, obviously hit by the ball. >> you must excuse my quitting the ground. i can stand no longer. >> hit, but still on his feet, commodore decatur put his hand on the wound, and he gently remarked -- >> "o lord, i am a dead man." >> both on the ground, not 15 feet away from each other, barron then called out -- "gentlemen, everything has been conducted in the most honorable manner. decatur, i forgive you from the bottom of my heart." >> decatur weakly responded, agreeing. doctors assessed the damage. barron's wound was serious, but it wasn't fatal . decatur, on the other hand, had a much more gruesome diagnosis. the ball had severed vital arteries, and he only had just a few hours to live. soon after, the dying war hero was hoisted into his carriage. >> god bless you, decatur. >> farewell. farewell, barron. >> shortly thereafter, the

on economic and development issues as well as being a china analyst and from bangkok in thailand elliott zeidman co-host the china tech investor podcast thank you all for joining us let me start with i know in beijing so is a clearer picture emerging of authorities simply mishandling the information that dr lee brought to light. well let's just be careful here this is an immense tragedy to young man who devoted his life to medicine but he was an ophthalmologist he was not he was an eye doctor he's not an infectious disease specialist and he was sharing some concerns he had in a private chat group that went viral and there was a series of events he did this at the end of 2019 january 1st they went in closed the market now but only on that he shouldn't have been went to all up by police january 7th ruma mongering right that wasn't the right way to deal if in if he was only and often he was he was questioned by the police he you can you can put any spin you want on it but he was questioned by the police he was in fact. suspended and that's because he was in essence spreading rumors he's as

special representative for that as weta elliott abrams they explained the move. so these sanctions or another step in the policy of pressuring the dura regime to allow venezuela to escape from its terrible crisis through free and fair presidential elections there will be more steps and further pressure in the coming weeks and months. rolls nafta's it condemns the latest sanctions calling them unjustified and unlawful the state controlled russian firm denied having riaa lated any u.s. restrictions on venezuelan oil trade ins that it has no political goals well meanwhile russia's foreign ministry has accused washington of disrupting international trade the destructive us policy of sanctions undermines more and more the freedom of global trade which america claims to protect but also escalates tensions worldwide it's time for washington's lawmakers to realize that they're achieving nothing with the economic and military pressure on russia the worsening the crisis in bilateral relations and sanctions are the latest round in a long running u.s. pressure campaign again

, i called elliott and i said elliott, how is it possible you couldn't find a way to at least stand up and condemn ilhan omar who is on your committee? his answer, bob, was sadly telling. constituentsf my are of puerto rican origin and aoc said if i do that, she will personally come in and campaign for my defeat in my own district. so there is a lot of intimidation going on here and that goes back to the point i was making about intimidation and guilt by association. he is now being challenged anyway. mr. dershowitz: isn't it interesting that what you just said is that he committed what would be an impeachable offense because he took into account his own political electability and changed the position that would otherwise have been a position against her but because of his own election, his own electability he changed his mind. [applause] come on. allen is a bit monomaniacal here. what we are talking about here in the case of trump was a congress appropriated the money, the people at the budget office said you had to give the money, he refused to give the money, he held it up as blackm

special representative for venezuela elliott abrams spoke about the decision on tuesday this is a campaign of pressure and it began. 5 weeks ago. and with over a year ago continues to mount. i would not see that any individual step. can be calculated to bring it into the crisis but i think this is a very significant step and i think you will see. companies all over the world you will see here now. from dealing with rosneft trading. and venezuelan foreign minister jorge said the action was unilateral claiming that the u.s. continues quote attacking the venezuelan people. and joining us now to break this down as professor richard wolfe author of understanding socialism and host of economic update 1st of all thank you so much for being here i want to get right to it what do you make of these sanctions that are affecting rosneft. well i think in an earlier program of this of our show here we talked about this ever since the sanctions put on russia after its activities in the crimea and with ukraine. the graph simply goes up the russian economy has been doing fine and i think it goes to show th

i know this as a young girl, i remember the saturday night massacre, the time when elliott richardson stood up to illegal behavior. my father at the time, definitely a democrat, but he wanted me to understand this lesson. people of the other party might not share the same philosophy, but the ditch at the same constitution, and the scales of justice are balanced. yes, it is probably no harder task than to stand up to the president of your own party, but that is what bill russells house and elliott richardson did. i rememberso that lesson and called bill after jeff sessions recused himself and was fired. his advice was prophetic. he said you should use this opportunity now to make sure the next attorney general will be independent and help rate in this presidents abuse of power. well, we obviously did not get that done and we all know what the outcome has been. it occurred to me last week and that maybe the saturday night massacre, in this case, has happen. maybe john bolton and fiona hill will turn out to be those people who stood up to the abuse of power. i know this. it's important t

attorney general elliott richardson resigned rather than carry out the order to fire cox. then the deputy attorney general became the head of the justice department. he too resigned rather than carry out the president's order to fire arj bald cobs. it fell to the solicitor general. only bjork was willing to do it and that's how cox got fired. that's what it took. but the senior officials refusing to go along, those officials standing up saying i will not do this, you will have my resignation instead, that's why we remember that night from the watergate scandal as the saturday night massacre. that is not what is happening here because there is as yet no elliott richardson in this story. there is no bill ruccalhouse. and there have been protest resignations in the trump administration including over the handling of the ukraine scandal. in early october, a 40-year veteran serving at the highest levels of the state department, michael mckinley resigned his position in part over the trump administration putting pressure on ukraine but also because of how secretary of state mike

i think elliott's purchase was more opportunistic. was probably likely to buy back shares this year if he could, although obviously there is a cash flow issue, something that .as to be considered for elliott was obviously a great investment in terms of timing, doing it just before the .print-t-mobile merger approval obviously there might be some adjustments, but i think those adjustments start really coming through after that disastrous q2 showing. we were seeing that already. seey: why do we continue to my coc son -- to see dpm -- to son so determined in continuing to launch that fund? growthhey were going for at any cost in the vision fund, and they are fully invested. remember, there is $40 billion worth of preferred shares of the and they are on the hook of paying 7% interest. about 2.7 billion dollars that they have to pay, year in and year out, and that almost supersedes the management fee they are taking from that, so they really do need to launch another fund focused on cash flow, focused on short-term profitability, not just

reason and bester citing us that there did appear to be a slowdown and the number of new cases in elliott but also the number of new cases in china continues to slow but i think it's really too early to be talking about optimism here at the development of this virus has been really unpredictable. let's take a look at italy here how concerned are investors about the impact on an already fragile economy and possible knock on effects. and esther's are very concerned a lot of economists are now saying italy is all but certain to fall into recession this here things like tourism retail hospitality are definitely going to be head but the bigger concern for investors is really going to be supply chain disruptions things like business shut down production line shutdowns that companies already are and posing and italy that could really have a knock on effects on. the other economies in europe just a day in frankfurt thank you. meanwhile many chinese are returning to work as factories closed over the coronavirus begin to reopen their doors however there remain plenty of mainly small and medium size

kathy elliott was a trailblazer. we don't have time for two stories in one family today, but i will tell part of gwynn's story as well. gwynn was one of the first african american women officers in the pith -- pittsburgh police department, eventually rising to commander. gwynn found an organization dedicated to empowering girls and young women through holistic gender-specific programs, education through afterschool throughout the communities in southwestern pennsylvania. gwynn's girls have grown to provide service throughout the region with sites in pittsburgh, wilkensburgh. dr. kathy elliott has demonstrated the same commitment to and passion for leadership development and empowerment of girls many prior to accepting the position as c.e.o. of gwynn's girls in 2015, kathy spent years providing leadership in social service, community and individual mental health treatment. she began her career as a victim advocate at the center for victims working mostly in the juvenile justice space is she also remains a practicing p

. >> elliott. >> oh, yes, call me elliott i have already bitten your neck. >> elliott, i am praying to kitchen 0 tomorrow night, dress casual. >> the chemistry between dreyfuss and marsha mason dazzled simon won over the audience and impressed oscar voars. >> if you're ever up for an academy award i promise you think keep my fingers crossed for you. >> my agent called and said you have been dominated for the good-bye girl and i went wow, and then i said who else is nominated? >> woody allen, john travolta, marie yovanovitch, and richard burton, and i went i am going to win and my agent went, right. and i said, i am going to win. john travolta was too soon. >> that's right. no question. >> richard burton had just passed the hump. >> right. >> if i had been nominated the year before they would have given it to him in a second and we all would have stood up and given him a standing ovation. no one was ever going to give marie marcelo mass to annie the best actor and no one was going to to give woody allen best actor because it was the year of the annie hall. >> right he was going to win h

i am a graduate student at the elliott school and will join the foreign service in july.nk of her much. i wanted to first thank you for demonstrating how diplomats are supposed to behave by advocating for the foreign service during your testimony. my question is about the regular channel you mentioned. as young professionals, when should we speak out when we see this kind of irregular channel that you described in our careers, how should we do it and when to we follow the status quo? >> this is a very good question. there are ways to express dissent. there are ways to express concern about policy. and you saw alex vindman on the military side, most obviously when he listened into the phone call, the famous phone call on july 25 between the two presidents. he was troubled, very much troubled by what he heard. the first thing to do, he went to his boss who had not been on the phone call and he told her what he had heard and expressed his concern, so the chain of command is important. in the first instance, the second thing, he wrote it down, he made a record so was contempo

jonathan joseph moving onto the wing, elliott daily coming back to fall back with george furbank consideredo play. eddiejones has also made changes in the back row with courtney lawes starting on the blind side flank while ben youngs returns at scrub half. jones has been in a bit of an odd mood this week, playing a bit of a game of cat and mouse with the media and also making one or two jokes which have fallen flat, but it was a bit like his old self here at penny hill park today, especially when talking about this andy farrell against 0wen farrell dynamic. andy, the ireland head coach, 0wen, the england captain. of course, butjones feels both men would take this unusual situation well and truly in their stride. is quite unique. if you look at the tree of the farrell family, the influence they've had in rugby league, it's a unique family. their ability to be professional and play for their team and not get involved in other stuff is probably unique. the importance of sunday's game is in the context of the championship can't be underestimated. if england win their six nations title tilt is w

but elliott how it was 1st chance was blocked the fish step did to prevent holland from close range. moments later jay vincent show found someone else from the quarter. the perfect curled resulted in their actual. sack of booze made him go of the season but no the assistor sanchez now the englishman has 14 the joint league. about 15 minutes later holland this year this time kimi found if he smashed it past probably collins' night but is the good goal for the youth of this season. been down brame in 2 meal. came to the home side their 5th straight loss in the early. saturday's late game and won his latest or title contenders live keep up the pressure on by munich at the top of the table with a 5 nil demolition of shall come council sub it's a opened the scoring position the 1st minute his long distance efforts aimed to catch goalkeeper alexander nubile unprepared in a 2nd half t.-mo venom made it to know his 21st goal in the bundesliga campaign leipzig bagged 3 more after that the pick of the bunch coming from 23 year old angelina julian novels inside is a 2nd in the table just one po

. >>> the other news breaking, elliott management taking a stake in soft bank apparently, $2.5 billionars watching. >> sizable for elliott and soft bank thanks for watching "power lunch." >> "closing bell" starts in about six seconds. we'll just let you watch us for the next six >>> welcome to "closing bell." i'm down on the floor of the new york stock exchange at the casper post, ipo of the day, getting a popup of 15% only after the valuation was cut lower and lower. two other ipos happening today and a number of recent ipos reporting after the close including the biggest of all, uber 59 minutes left of trade. >> good afternoon. let's have a look at what is driving the action today more record highs for the dow and s&p. the fourth straight session of gains after some better than expected labor market data china says it will lower tariffs levied against

elliott management >> they have softbank now.aming wars and what he sees happening. >> friends reunion >> warner brothers that's big. >> it is >> one show? >> it sounds like it it is going to be more like reflection, interviews ellen has been mentioned to be the interviewee. >> friends and maybe they'll super size the reunion it all comes back. and the launch hbo max >> okay. that's what we have coming up. >> we'll be seeing you guys a lot. scott mcnealy, never one to hold back we are looking forward to that >>> coming up, the clash of the titans taking a stake in softbank what that means for ceo massa son. you can watch and listen to us live on the go on the app. squawk pod, you'll get taped interviews, hinld the scenes access and more. stay tuned, "squawk box" will be right back at fidelity, online u.s. stocks and etfs are commission-free. and when you open a new brokerage account, your cash is automatically invested at a great rate. that's why fidelity leads the industry in value while our competition continues to talk. ♪ talk

. >> i'm sorry elliott. >> i was when you get to that in a minute.tand during this part of the meeting he threw cold water on the notion that they will go fully forward with the second vision fund. a spokeswoman was softbank declined to comment on this. did not deny, would not comment, also pointing out that there are some investments that they are making. they seeded it with their own money. still that does not limited the fact that there's tremendous pressure to basically not go forward with it and focus on the first one, we should point out as they reported yesterday, elliott and paul who is essentially saying let's focus on the first vision fund, they took an active mistake and he's under a lot of pressure. again this was a private meeting in abu dhabi in the message that i'm getting, some people interpret things different than what the company meant or what he might've met, this is interpretation, basically what he said during a private meeting and what he said essentially with this, it might not happen, it might not happen in a way that were go

they're expecting to report a double-digit operates loss you notice have elliott management in there.ber, how do they address what's happening? and then of course the second vision fund and whether they're having trouble raising money. >> here's the thing that i think is misunderstood broughtly marcelo is correct in that we focus on the vision fund that is this 100 billion piece, and they obviously have a big piece of that. softbank is a much larger business frankly, a day or two of alibaba, one of their biggest holdings going up, makes up frankly for any loss in the vision fund or anywhere else it doesn't mean everybody is always aligned in terms of which investors we're talking about. but i think there's a missed understanding or missed thinking about which ones matter. the other people is the vision fund is a venture fund, so you will see failures, and it may be just a much smaller failure that was announced today, but the way venture works, as we all know, the goal is to hit one or two or three grand slam home runs and that's supposed to make up for all the other failures we as th

ceomy seo she some -- ceo mayau she some -- she some -- week that elliott management, the activist fund founded by paul singer, took a stick in softbank. that was operative to move because we have seen the value of softbank continue to trade at a significant discount to the size of its investment. the complaint from elliott is that the vision fund, softbank's billion cap -- softbank's $1 consumesapital fund, all of the oxygen when talking about softbank. when you see the hiccups they hiccup with perhaps an understatement, the size of the reaction was disproportionate. the message isits core businesst a buyback. if that core business is good, then softbank should back its vision by investing capital in that rather than in the new vision fund. masayoshi sonough is open to that. production fell 2.1% in december, putting the european central bank on high alert. laura cooper of mliv joining us now. reporter: european industrial production plunged in december, and it was 2.1%, slightly exceeding market expectations for a 2% drop. this is largely telegraphed ahead of time in individual country

that was really weird. >> elliott is in that one too. earlier this week was star board, which is also pushing for change at ebay saying it's taking too long. i want you guys to sell your classified business. a few hours after that letter goes out, it's revealed that the intercontinental exchange owner of this dark stocking stone made a bid for ebay. now markets hated this idea, absently hated it. so basically it's all ice shared tank even though management try to talk of the merits of the deal. i know you're interested in this. >> exchanges, i know that's just not good businesses any more more stock trading getting down off of the exchange, the cost, the amounts are able to trade for trading is just going down. why not ebay? they have great data products, they have great data products with ice. maybe turned around that site. sumac and ice would say were all a marketplace so why not. shareholders are saying your 50 billion-dollar company taking over 30 billion-dollar company. >> you could buy an old print or shares of tesla. what was goin

prosecutor because he had promised congress -- >> republican elliott richardson. >> republican appointedld congress i wouldn't fire him except for cause. there is no cause. so nixon fired him. and then the deputy attorney general ruckelshaus refused to do the same task assigned to him, and he was fired. and it was bork, who was the third person, the solicitor general, who did the firing and who never became a supreme court justice in large part because he did the dirty deed. but it's also because of the media. back then we had three networks, and they all had the same facts. now you have what are called alternative facts, which are lies basically. they can't be alternative facts. there are facts and there are non-facts. and people actually believe what donald trump says even though it's contradicted by evidence in plain sight. >> i really want to get your reaction to the weinstein verdict tonight because you've been practicing law since the 1970s. a case -- a prosecution like this was inconceivable in the 1970s, inconceivable until very recently when prosecutors always wanted the perfect

elliott abrams has said sanctions against venezuela are roughly at the halfway point. where are sanctions -- could you do a similar assessment on iran? do you still have a long list of groups and people you could still sanction or where are you? >> there's always plenty of targets. iran is very dynamic in it sanctions of asia. they are very good at setting up front companies and so we are always monitoring that. we update our sanctions on a very regular basis. also, secretary pompeo is deeply committed to sanctions enforcement, and that is as important as the designation as enforcing it. we still are seeing a few hundred thousand barrels a month going to china. we have now sanctioned chinese individuals and entities three separate times. we would like to see that number get to zero so we will continue working hard on sanctions enforcement. we continue to look for ways to deny the regime the revenue it needs, whether it's on crude oil, , petrochemical, and optiol metals, precious metals, targeting individuals and entities. when we sanction somebody like jannati where el

. >> that was elliott ingles's great claim to fame. >> they will come and grab a seat early in the dayr to have the seat on the aisle. senators don't do that, but house members do. >> elliott ingles always had an advantage in that he would come early in the day, park his mustache there and come back later. you see elaine chao there, transportation secretary, the wife of republican senate leader mitch mcconnell. betsy devos, education secretary. we saw ben carson come in moments ago. >> some of these are acting. i don't know who they are because we've had so many acting that haven't been confirmed. for example, i couldn't tell you who is running homeland security right now. if they walked into the room -- and i was the ranking member on homeland security committee. i don't know who it is. >> c.i.a. director gina haspel there. >> the trade representative. >> i believe the o.m.b. director also fresh off his starring role in the impeachment proceedings. >> i saw lighthizer. >> i will tell you as we have note this had evening, this is split-screen coverage. we are watching it with an eye on