herbalife is trading at $36.ill told us that he nor anybody else at pershing square have been contacted were subpoenaed by federal authorities. he said one of his outside contractors has been contracted by the fbi, but he said his statements by herbalife have been backed up by research. the dollar is up again today. it has not been this strong against the euro in years. the euro has now dropped below 1.06. the dollar is up against a gauge of its major peers. the prime minister of greece said his company has started -- country has started fulfilling its obligations. he said that the eurozone will need to do the same. >> i believe that the end of the day will show all of the misunderstandings and we will go on with this honest compromise we did in february. our intention is to implement the decisions. erik: european lenders of said they will not give any more emergency aid to greece unless greece reforms its economy. the manhunt is still underway for the man -- suspects who shot the two police officers outside the

talked a lot about herbalife.didn't talk a lot about the potential stock manipulation of -- that's the news here. we know he's getting -- liz: he denied it. charlie: i'm saying. it's one thing -- the story is that bill ackman may be under investigation at some point. it's not that herbalife is under investigation. we know that. >> time will play it out. you can check out the entire interview that dierdre did with bill ackman on foxbusiness.com. also ris "risk & reward," 1:00 p.m. on fox business. now we get to another heavily shorted stock. lumber liquidators. working hard to dust off its image. the flooring company striking back against a 12-day old "60 minutes" report that sent the stock plummeting. adam shapiro on the story. adam, first a conference call. now they're offering free test kits at a flooring scale. >> the stock is down 15% in trading just today. let's talk about those kits. they announced they'll offer air testing kits within the home to any lumber liquidators customer who thinks they have the floo

this morning, a discussion about herbalife.et makers" this morning. look for that this morning on bloomberg television. ♪ olivia: good morning. this is "bloomberg surveillance ." it is our favorite topic on "bloomberg surveillance." the fed. the labor report for february shows the retail sales have dropped. why aren't consumers buying more? betty liu hopes her guest will be able to solve this puzzle. >> an american mystery that only you guys could help solve. it is a big conundrum here. we have the chart of the last year. look at what has happened in the last three months. we have added 863,000 jobs. great news for the economy. the retail sales numbers have continued to decline. down in each month in the last three months. i'm not quite sure why. this is something we want to ask alan greenspan about. we are not seeing spending. could the solution be in the wage growth or lack of wage growth? josh: some of it is the weather. retail sales are reported on a nominal basis. we have low-inflation consuming. olivia: more of a surprise

rose herbalife shares about 12%.own period for the stock as you all know. the question here is is there really a shift in focus? or is this is case where you have investigators looking at all aspects which i understand they are? and i'm told it's actually hasty to say that ackman is now the focal target of this. >> my sources say the same thing. that this is part of an overall investigation by all sorts of agencies into whether herbalife unto itself is in a scheme. also looking at the different trades and things around that on bill ackman's side. herbalife has been saying this for a long time. they were making the argument he was manipulating the argument even before he made his presentation two or three years ago. >> sure. i remember they counterpunched about a month later with his investor day in new york. i interviewed their ceo michael johnson. you can understand why they're trying to fire back. ak ackman has engaged in a grassroots campaign to get local and regional politicians interested in this issue. especial

he characterized herbalife as a pyramid ski. herbalife has lost half of its value in the past year.ll talk to bill ackman at 10 a.m. eastern time right here on bloomberg television. a new biography says that steve jobs turned down an organ donation. the book said that steve cook would give him part of his liver and he refused. the liver transcat would have extended -- transplant would've extended his life. he died of pancreatic cancer. general motors is the one who wants to fix software on more than 50,000 chevy volts. the change will let drivers and passengers know when the engine is running and hybrid cards. that's in hybrid cars. those are your top headlines as morning. much more ahead. a storm is brewing in the weather world. accuweather just launching its very own around-the-clock network to take on the weather channel. the ceo of accuweather, barry myers, joins us. ♪ betty: we are just over an hour till the start of trading. we just got breaking news out on inflation. i want to bring back scarlet fu. scarlet, you're are starting with lumber liquidators. scarlet: i am because i

>> kind of like ackman saying he is short herbalife. they're a fraud or something.elissa: breaking news is what you're saying. breaking news. >> there is rerun that americans are just very tired of. this is exactly it. people don't want to hear about this anymore. melissa: apparently john boehner doesn't either. >> get it out of the way. did you get my note last week. you guys didn't say anything. >> don't know what it means. most persons are like, next. melissa: because congress hasn't done this we'll do this blah blah. last line, i respectfully urge congress to raise the debt limit as soon as possible. >> respectfully. melissa: that's what they did with the letter. >> holy crap it is time to do -- melissa: that would be a lot more entertaining or. >> would be we're all dead. melissa: that would be more entertaining. markets are tanking, john lonski, how come? >> dollar is getting stronger. king dollar has a reign of terror over equity market. it may not end anytime soon. the euro may be parity with the dollar at a buck. melissa: why is the dollar strong in your op

. >>> herbalife, "the journal" saying prosecutors are probing potential manipulation of herbalife stocksaid to have interviewed people hired by bill ackman's who had a long standing short on herbalife. earlier this morning on "squawk" ackman's been asked if he's been contacts by investigators. >> we have you know proactively and offensively been to see the sec and doj about herbalife but i haven't gotten subpoenas asking me to testify about market manipulation or anything else that's concerning our conduct with respect to herbalife. >> a lot of talk about what they would need to find in order to file a charge something deliberate, something intentional. >> i think that this story is the kind of story that you really -- it's very unfair. i mean if ackman is saying that he hasn't been contacted and there are no subpoenas, there's no fbi, it really is just a slur. it's a slur. now, i know that there could be -- in the end, the guy did come on tv made an interesting case about value. >> very long report so to speak, on valeant, which he owns 5% of and the overbid for salix by endo. but back

stock is down for herbalife about 50% on the year. more from herbalife's response.fe is being looked at, i don't know if investigation is too strong. being looked at by several regulatory authorities stateside, including the ftc. there that investigation is ongoing. now we have one on the other side. looks like it could get nastier. francine: hands, can you remind us what happened? it was always a controversial move. hans: herbalife is a nutritional supplement. it is in many different countries, venezuela among them where they have had currency issues. what bill ackman's allegation is is they basically push more people into selling their product. a pyramid scheme, there cannot be enough returns to justify everything they're putting out. carl icahn, daniel loeb investors have said this is a solid company that has a solid business plan and we are going to get behind it. as a public back-and-forth. bill ackman is sticking with his position here it when i interviewed him in amsterdam when he took part of his company public to raise money, he was insisting they would be

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and why are traders suddenly betting on herbalife again? >> we're not going to say anything publicly. >> but we will, bill, because the "action" starts now. ♪ kiss me baby let the fire get higher ♪ >> one big question tonight for investors is big oil going to cut their big dividends? let's get in the money and find out. go to mike here. what's the likelihood in your view of this? >> well, it's interesting because if you look at what the options markets are implying right now they are absolutely not forecasting sort of the steady dividend growth that the oil companies typically are well known for. as you look out to next year, some of the big names are definitely looking like the options market saying there could be a cut. and that actually makes some sense. let's take a look at exxon at an example. here's a company that was doing over $24 billion worth of free cash flow about five years ago and they're probably going to do about 2 billion this year. you see similar declines in names like bp. chevron, which is a name that did almost other $1

government is investigating possible manipulation of herbalife stocks.an has been accusing the company of misleading distributors and misrepresenting sales. that is the story i want to focus on. the unfolding controversy surrounding the stock and bill ackman's funds. caroline hyde has more. we focus on this periodically. billionaires fighting over this company that europe never talks about. we know these guys. what is the focus? caroline: we know ackman, sorrows, -- soros, icahn. this time it is involving the fbi. they are investigating potential manipulation of the stock by bill ackman and his fund pershing square capital. they are investigating consultants hired by pershing. the idea is that perhaps they made false statements to regulators about the business model that underlies herbalife to push the stock down. so far, we understand the fbi conducted interviews, requested documents. we do know that bill ackman and pershing square haven't been served with subpoenas. translated into english, not asked to give evidence. it is important to know that bill

bill ackman whose firm is the target of a government investigation into possible manipulation of herbalife stocks that no one from his office has been questioned or subpoenaed as part of that probe. in an interview earlier he said that while a contractor has been questioned by the fbi or the department of justice no one -- no employee of his was involved. ackman and his hedge fund have ways to more than two-year campaign against herbal life saying it is a pyramid scheme. he said his statements have been backed up by research. >> we have not encouraged anyone to make false statements and it do not need to make a false statement about herbalife to be negative. the truth is what is powerful and the truth is the company's harming people. mark: peaceful protests resumed as the manhunt continues for the people who shot two police officers. they were wounded during a protest outside ferguson's police story wednesday night. the fallout of a shooting of a black teenager by a white officer last year. consumer sentiment index fell to a four-month low. americans are optimistic about the economy but th

big movers for herbalife. up 8%. guy. >> there was talk yesterday at the fbi's investigating bill ackman about herbalife and price manipulation. he comes out today and says he has not been contacted by the fbi. i'm not sure if he would have been anyway. i don't think that matters. he stands by everything he says about herbalife. it obviously rallied on this. this is not a stock for the weak of heart. but in my pit of the stomach i still believe he's so steadfast in his view that where there's smoke there's fire in hlf. >> drop for united technology. >> this is a name i'm short a bit i guess about a year or so ago. and again, they have a lot of exposure overseas. dollar issues here. i don't think this is one that you try to pick up on this 2% drop. i actually think about 114 is where it's headed next. >> el pollo loco up 14%. >> fourth quarter sales were very good. strong numbers up 12%. this is a company now telling you we're going to expect to grow even more in 2015. that's the story. that's what you have to hope fo

first, there's herbalife. investor leading a campaign against the company acknowledged that a firm he hired to attack herbalife has been contacted by the fbi about possible manipulation of the stock. but today, akman said he's not been directly contacted by authorities. >> certainly not by the fbi or doj. i would say we have proactively and offensively been to the doj to make our case about herbalife but no we haven't gotten any subpoenas asking to testify about market manipulation or anything else with our conduct in respect to liquidators, stock goes lower and subject of intense scrutiny since the story questioning the safety of its products aired on "60 minutes" last month. tom sullivan the chairman defended his company's products. >> from day one, we've always taken care of our customers, given a good product at a good price. we don't skimp on the product. our laminate is safe. we're not going to ruin the reputation of the company. >> both stocks seen big swings as a result of being in the target of short

herbalife shares in a very thin trade, 41,000 shares have trade so far.k over to you. >> thank you, dom chu. you mentioned this guy. >> prescient is a great word. it has a c in it. >> it's the same sort of scenario. >> it's the exact same. it's the exact same. and we spoke about why wouldn't you -- why would you put such a bulls-eye on your back? i don't know what is going to happen. again, with lumber liquidators, with whitney tilson. but if they can have an investigation into herbalife and bill ackman, why can't you have similar? because "60 minutes" episode. >> right. >> the stock gets whacked. management comes out and says wait a second. this story is not over yet. and typically, it doesn't end well for short sellers. >>> coming up next, why the options market says nike could be gearing up for a 4% move on earnings next week. we got the trade when we come back. ♪ i'm almost done. [ male announcer ] now you can pay your bill... ♪ ...manage your appointments... [ dog barks ] ...and check your connection status... ♪ ...anytime, anywhere. ♪ [ dog growls ]

we had a lot of nice winners, shake shack, gopro, herbalife.t. david: gold, what is happening there? >> up over five bucks. david: sounds good. >> not a big market day. [closing bell ringing]. not a big loss or win. kind of nice to see. david: exactly. we'll talk about politics, how ted cruz's plan to get rid of the irs might affect you. bells are ringing on wall street. look at all indices, basically flat on several of them, coming to the downside as we enter into settling of these marketings. when i came in it is up. now it is down. dow jones industrials down 10 points. s&p down a little greater percentage. nasdaq is biggest loser of the day. cheryl: russell hit all-time intraday high. for small guys, nice to serious sell 2000 take a little bit of a jump. losing steam unfortunately. david: "after the bell" starts right now. stay tuned. david: breaking down today's action we have mike binger from gradient investments with a big contrarian call. joe duran

a big bet has been made against herbalife stocks. no time at all for the madness to start. 14 battles for two spots. a 17 point deficit and a team that of the tournament with a losing record. managed to get past manhattan. the reward was a date with unbeaten kentucky. i still have to fill out my bracket. back to the top story this morning the fed decision much more important at 2:00 p.m. eastern time this afternoon p likely to drop the language from its guidance or will they drop it? the bloomberg intelligence chief economics -- economist. >> this is broadly expected, so i think the fed will follow through on that delivery. just because they jot patients out of statement, does not mean this is not a patient fed. june remains in play if the patient languages dropped out. i find it highly unlikely janet yellen will deliver on rate increases that early. she will have a little more time moving into back here -- the back of the year. betty: for most of us under a rock i put together a nifty case scenario there about the fed. they jot the

. >>> and why are traders suddenly betting on herbalife again? >> one big question tonight for investors. is big oil going to cut their big dividends? let's go to mike keir? >> well, it's interesting. if you look at what the options markets are implying right now, they are absolutely not forecasting the steady dividend growth that the oil companies are well known for. as you look out to next year, some of the big names are definitely looking like the options market think there could be a cut. that makes sense. let's look at exxon as an example. here's a company doing over $24 billion of free cash flow last year. probably about $2 billion this year. you see similar declines in bp. chevron this year, we're going to look at probably 9 billion in negative free cash flow. it's pretty hard to continue to the support dividends when you have cash flow that was once extremely positive turning very negative. specifically, let's look at bp. think i we're looking at 38% year on year implied cut in the dividend. chevron 25%. exxon about 30%. >> the troubling

ackman has accused herbalife of inflating sales. the leader of the u.k.nment opposition party labor has described the idea he made to a coalition deal with the scottish national party after the election. speaking during a question and answer session on bbc three television he said i don't want a coalition, i don't need a coalition with them and i am not planning on it. it is nonsense i promise you. the s&p is expected to make huge gains in the may election after joining a search in popularity following the scottish referendum last year. and we're launching bloomberg politics and u.k. election, 2015 every day between the budget and the general election we will be bringing you a special program looking at the key election issues and how this could affect his this is, markets and industries. that is tomorrow. the founder of everest capital told investors last month their closing six of seven funds. they were wiped out in less than a day after the swiss national bank unexpectedly decided to restore the flea frodo -- free float of its currency. they lost confi

stick right here because we will talk about bill ackman and herbalife. looking at a triple digit loss on the dow. the s&p off by 16 points. oil taking a hit their re and the dollar is where everybody wants to be. be right back. ♪ alix: billionaire activist bill ackman's for -- firm -- said no one from his office has been questioned. >> you do not need to make a false state about herbalife to be negative. the truth is what is powerful and the truth is the company is harming people. what is your take on that? fabio: he has not backed down an inch. he said this company is still a pyramid's game. look at the problems that existed before this story broke. they spent 12 months, 16 months deciding if they wanted to do an inquiry. in the last quarterly filings, herbalife is spending a million dollars a month on legal fees to defend themselves against this ftc inquiries. they're not going away. the problem is still going away. the allegations are there. the ftc is still there. all that means is -- that is an interesting choice to have hired. maybe they did someth

herbalife won the dismissal of a lawsuit related to claims that the company is in an illegal pyramid scheme. shareholders did not show the makers of the weight loss and nutritional products did not misframe by representing itself as a legitimate company. $76.76. general mills, earnings did fall on restructuring charges and as the stronger dollar hurt revenue, the maker of cheerios saying it completed the previously announced plan for positions. shares 1.5% higher. investors reacting to news that kraft is recalling about 6.5 million boxes of kraft mack and cheese 6 in my kitchen because some packages possibly contain pieces of metal. the food company has received customer complaints. no injuries happily reported. for more information on the recall, head to nbr.com. >>> microsemi, the test conduct tr for407 million. this and other chip makers have merged. driving consolidation in the industry. micro semi soared almos 40% but worth noting it is a small cap stock. william sonoma, in line with consensus bu the retailer gave weak guidance partly to blame on the west coast ports. hiked to 3

look at herbalife. and lumber liquidators.f people are looking at yahoo because they don't like the ceo marissa. it's the story. let me ber liquidators are expanding. the market goes up. someone comes along like whitney. these margins don't make sense. they're cutting cost. it's a story that sticks out like a sore thumb. >> these guys, they go to the bitter, bitter end. we have to leave it there. steve forbes, thank you very much. we appreciate sharing your wisdom with us tonight. coming up, we have michael, the president and ceo of united rentals. i love this company. he's joining the panel exclusively to talk about the housing recovery and the rebuilding of america. you don't want to miss this. we're talking about making you money with facts and with experts. ♪ diversifying. dip! you got our attention. we did? of course. you're type e* well, i have been researching retirement strategies. well that's what type e*s do. welcome home. taking control of your retirement? e*trade gives you the tools and resources to get it right. a

people don't trust it because of things like herbalife, that don't trust it.arket is rigged against the little guy. so a lot of people have stayed out of stocks. what a tragedy. because in the last six years, the dow jones industrial average is nearly tripled. bill: it has. >> huge bull run. many, many people dropped out stayed out of it. and have miss ad huge opportunity. bill: we'll see if the story goes anywhere. we'll see what ackman has to say about it. see you at 11:00 eastern time. >> you will. bill: stuart varney. martha. martha: people in missouri say they have had enough after shooting of two police officers the other night. >> people of missouri are looking for law and order. they're looking for a governor who will lead us and enforce law and order. and they have had it with this tending toward violence protests in the street. they have had it with the holder justice department. >> that is peter kinder's take. president obama and attorney general eric holder both weighed in after the latest violence but has the response been on point? our panel will

it don't need to make a false statement about herbalife to be negative about the company. the truth is the company is harming people. >> herbalife insists it is not a pyramid scheme. the fcc is pausing its review clock for the comcast-time warner deal. the reason? the fcc is awaiting a court ruling on whether cbs could provide details on programming contracts. the clock has been stopped twice before in its comcast review. snapchat emily white is leaving the company. she joined in late 2013. she has been a key raise on the advertising partners. shareholders meeting and blockbuster usually don't go together. but disney broke blockbuster news. disney talked of a plan for the sequel to "frozen." with the release of a live action movie "cinderella" they are thinking of a "frozen" short. and following the fantastic success of "the avengers," disney will make 11 more films in the next four years. shelby holliday is following this story for us. "daredevil" was a terrible movie. they have been putting blockbuster upon blockbuster on all of these franchises. an amazing news. >> one

liz: he's on a mission against herbalife. >> i'm just saying. liz: he's on a mission. 35-year-old company. >> he's got plenty of lawyers. liz: it would have gone down by now if it truly were a ponzi scheme. >> i just think it's not that great of a company. liz: whatever. >> when you start getting on their screen, i'm not saying he's wrong. this is just my covering this stuff, you know, they do something to you. liz: charlie and i like the protein bars. >> i love that chemical aftertaste that resonates in my taste buds. >> 27 minutes before the closing bell rings. chalk one up for the little guys, the russell 2000 poised to close in record territory. that will be the twelfth time this year alone. >>> okay, and when was the last time microsoft was cool? the sticker? it's a sticker that microsoft employees got of a ninja cat riding a fire breathing unicorn holding a flag of the microsoft logo. you know what? people went nuts for that thing. and guess what? they can't get enough of it. we've got the ceo of the company who's making a mint from the mi

herbalife insistence not a pyramid schema. ukraine's government has accused pro-russian rebels of breaching the treaty. this comes after the imf approves the program to bailout ukraine's struggling economy. general motors has settled a lawsuit that spurred a massive recall over faulty ignition switches. gm was sued by the family of brooke milton, who died in 2010 after the ignition switch failed in her chevy cobalt. her parents initially settled the suit for $5 million but filed a second suit alleging g.m. concealed evidence in the first case. settlement terms are confidential. tesla is shaking up sales staff. jerome dillion will be reassigned after tesla hires a regional sales executive. the carmaker is trying to find a sales slump. sales in california fell 27% last year. ceo elon musk says sales in china have been excitedly week. the phrases shareholder meeting and blockbuster usually don't go together. disney broke some blockbuster news, talking about a plan of a sequel for "frozen." they were releasing a live-action cinder

examined over herbalife.fund leader and famous herbalife short seller is responding to the probe. that's next. >> hi, everybody, i'm gerri willis. coming up on my show at the top. hour, on the day president obama visits the va hospital at center of the scandal on veterans care, what's changed? the doctor who blew the whistle on va will be here. that is one of the big stories coming up on "willis report" in just a few minutes. smart sarah. seeking guidance. just like with your investments. that sets you apart. it does? it does. you're type e*. and seeking another perspective is what type e*s do. oh, and your next handhold... is there. you don't have to go it alone. e*trade gives you the support and guidance to make informed decisions. are you type e*? it's more than tit's security - and flexibility. it's where great ideas and vital data are stored. with centurylink you get advanced technology solutions from a trusted it partner. including cloud and hosting services - all backed by an industry leading broadband

let's say i buy something -- herbalife is a great example.ock between $35 and $25 at the end of 2012. started $35 the day after abbingman spoke. finished around $25 a few days later. the stock got to $45 within a few weeks when icon 13d'ed, and i eliminated my position only because it went up so quickly and so much in that brief period. had thing is a steady slow climber, and i'm going to hold this thing for years. >> you're going to be in it for a while. you're not taking my profits on what is an obvious sizable pop today on the news that we brought? zoom i actually bought stock after i started speaking today. >> you brought up herbalife. let's go there. you obviously came out on our program initially and said that bill was completely wrong, right? you had been long the stock. again, you traded around it a bit. you tell our producer today thaw simply got it wrong, is that correct? >> in the summer of 2014 i got it not just wrong, but dead wrong. i had a full position around $60 per share when i took it off in 13, and the company was quite ba

. >> and there's a new twist in the herbalife saga. investigating whether people hired might have been intentionally trying to drive down the stock price. >> that rally on wall street a weaker dollar and stronger euro helping to push stocks higher today despite the misappointing retail sales numbers. taking advantage of this week's brief sell off. the s&p 500 in positive territory. futures indicating a higher open. european markets have had a mind of their own. they officially launched quantitative easing this week. so the focus on how it will feed through to the real economy. not just financial markets. we're higher across the board. the dax on pace for the 9th week of gains. the out performance of the german economy in focus with better than expected unemployment numbers. the ftse 100 up. the cac 40 up about 7 points and the ftse mib up about 40 points. let's take a look at commodities. that's a story we continue to watch. the volatility in oil prices and we are down at least in today's trade. the wti crude at 46.86 down about .4%. b

time for the countdown news flash, the wild ride for herbalife investors kicked into high gear today.ck is up 12.5% after a shareholder lawsuit was dismissed. a group of investors claim they lost money after hedge fund manager bill ackman accused of company of a pyramid scheme. a u.s. district judge in los angeles said the investors could not prove their losses were caused by herbalife misleading investors and that ackman's allegations are not evidence the company actually committed fraud. >>> you might have second thoughts about cooking up mac and cheese. kraft mac and cheese. recalling about 6 1/2 million boxes of kraft macaroni and cheese, i need to check the pantry, stat. the reason? some boxes contain small pieces of metal. best when used by dates of september 18 through october 11, 2015. >>> chanel, the purveyor of prestigious hand bags increasing prices on some hand bags and slash prices in china. chanel says it wants to eliminate the growing price gap between europe and asia, and hopes the price cut will curtail a growing market for travelers who buy hand bags in europe and re

herbalife has lost about half of its italian the last year. of course, it is in a brutal fight with activist investor bill lachman who calls the company a pyramid scheme, says the stock is worth zero in the ftc is investigating herbalife's business practices. a warning from the treasury secretary, asking commerce to raise the debt limit as soon as possible. if it doesn't, the government will have to put issuing some securities starting next friday. outstanding debt will hit the statutory limit on march 16. he told congress he hopes they can address the matter without controversy or brinksmanship. actor harrison ford is recovering after a crash landing of his airplane on a golf course near an airport in santa monica california. ford told edge of controllers the engine in his world war ii era plane had failed. ford is 72 and has had his pilot's license since the 1980's. his publicist said his injuries are not life-threatening and he is expected to make a full recovery. >> more on the big change in the dow jones industrial average as stephanie ju

. >> herbalife -- for the third time in the past four trading days. creeping closer to $50 a share.robably putting bill ackman in a bad mood. charlie, this is your story. >> we should point out ackman the short seller who tried to drive this stock to zero had a pretty good year last year. had a good opening year this year. this stock has been making a comeback lately. it's above the level he shorted it. it's at a break-even point. it's rising on the markets. but also because bill ackman is facing some scrutiny for how he shorted this company. as you know we reported this a million times. the company herbalife has been progressed regulators and the fbi to open a stock manipulation case against him. i don't know if they've opened it officially. i won't call it an official case yet. but they're snooping around. talking to people. if you look, the stock is moving as that's going on. plus a couple of lawsuits -- i will say this, just for a retail investor, only roll the dice with this if you want to. >> the new york times poking another hole in hillary clinton's -- purporting the clinton

>> bob chapman, he's been on this show regarding -- liz: herbalife -- >> last week went long the stockrdone. liz: wow. >> i will tell you this, i have no horse in this game, same with herbalife. "60 minutes" reports generally on wall street stuff are fantastically wrong. they were the ones that tanked the muni bond market with divot whitney -- with meredith whitney about three years ago -- liz: that didn't happen. in fact, her firm went down. >> her firm did go down. but bigger point is it's one thing to have someone say that, it's another thing to accept it as fait accompli. steve kroft at the time did very, very, very little to basically come back at her. it's very hard for the bonds -- listen, even puerto rico which is a basket case has taken a long time to default, same with detroit. i'm telling you, "60 minutes" has a bad, bad record with financial stuff. if the stock is tanging off of -- tanking off of "60 minutes," it may be a headline, and this is a company that's been around a long time, so we'll see. liz: contractors who were calling lumber liquidators are now getting an educ

herbalife up. >> herbalife, won a lawsuit that said basically the judge said allegations aren't proof did anything wrong. that was good. but with a 49% short interest, a tiny bit of good news to get this thing going. it's so volatile. deep end of the pull, stay away. >> this one straight up, i would take a break. i wouldn't sell any profits that you have here. we talked about it yesterday. you have oracle and then sales force and then workday. i would go with the middle, sales force if you want to buy anything in the cloud computing space and that one to me is just as far as market cap. that could move the needle with a proud space better than the other two. >> down 2%. >> it is, but it's ochn the sam day of a 52 week high. hit up and pushed up against the new highs but also, this chip, not just a graphics company, but now get into the vehicle world as well. i think that growth means this is the stock that has upside. >> pandora up 4%. >> pandora is a stock that people written on the obituary 45 times in the last year and keep shrugging it off. updated today by crt. like this thing. >

quite a long time ago, dan and mike played put up or shut up on herbalife. where do they stand now?there seems to be no good news for this company. i don't know where it comes from. there's no incremental buyer. that's a big problem when we know someone is dug in on the short side. i'm not certain how mr. icahn, the second largest shareholder how he gets out of this thing. he has a lot of board representation. this is a no, no touch. it certainly is not an $80 stock any time soon. >> i never trusted their business model. i think many people, i'm one of them, have suggested ackman would be right in the long run. the way carl gets out is hits the bid. >> perhaps he does that. i think herbal life is such a tough name to trade because you have 2 very strong personalities there. you don't know what either one are going to do. i would stay away from them completely. >> the premiums are off the charts expensive. you can sell verticals. >>> we want to acknowledge the death of leonard nimoy best known for playing spock. he died today at the age of 83. it is a reminder that we should all stri

i guess that this is big enough for his herbalife losses. i do not know what the metrics over. half the time, they are underwriting these companies. you can make this a trillion dollar company. melissa: i cannot do the math that quickly. just like i have. [laughter] melissa: that is how we have to have it. the biggest disaster of all time. what have they put out there that we have not taught? >> i think that this watch will be like i said, i think it will be a stretch. i think that the mid-level price will be a hit with everyone. >> if they came down in price -- >> you can't have one without the other. even if it comes down to $200, you are still looking at a $500 purchase. >> that is interesting. >> talking more about hbo now. >> the people who are first to cut the cord are apple users. people that did not need the old-school mythologies of watching tv. the cable company will have to follow this to some extent. this has been in the works for a long time. content providers are watching this and saying, okay, how do we respond. melissa: look at this. >> one reason and one reason

look at herbalife. bill ackman says it will go down. say this is one of the reasons people do not trust wall street. the little guy often gets the short end of the stick. charlie gasparino on that subject. lumbar liquidators. defending its flooring against safety allegations. investors do not look too convinced right now. that stock is down. all over the place recently. now, on the markets we have this now threat. look at the price of oil. down 6% this week. the price of gas has begun to come down ever so tentatively. 244 is the national average. got that. audio, really coming down again? does that mean the price of gas is about to plunge? here is scott from chicago. the man that has called this market accurately in the past. >> it will definitely go down. $48 a barrel was a big number. that strong dollar is hurting. the most important game that we keep overlooking we keep talking about the system, but not the problem. where is all of this money that we are saving? stuart: you are not prepared to say a plunge in gas prices. the refinery

herbalife lost its -- half its value. an activist calls it a spirit would scheme.hat is a look at today's top stories. sunday, march 8, is international women's day. market makers anchors erik schatzker spoke to valerie jarrett, the white house senior adviser in one of the obama family's oldest and dearest friends. they began by discussing the employment report. >> wages are going up so even if the overall economy is doing better until it is reflected in your pocket books you're not going to feel better so what the president has been doing is looking for ways to increase rages -- wages. >> increasing the minimum wage would help for some people but what we see happening is the prosperity that the corporate sector and investors are enjoying in terms of profit and stock prices is not being passed on to ordinary americans. raising the minimum wage might help son but it is the middle class suffering as well. you have seen the statistics. middle-class incomes have been declining. what can the president do to fix that? >> the entire state of the union address this year wa

this is a story like herbalife, i think. exact same thing. it will be give and take.nk if you're the average investor, stay out of the stock. unless you want to trade. because this is going to be a trading stock for a while. liz: it would be a he said, she said day by day. you say the big falloff. "60 minutes" did the report, fell 30%. it has been climbing up. >> the stock has been up the last couple of days. friday, saturday -- friday to monday. >> at issue was the chinese flooring that they bought is accused to have formaldehyde. now they're saying they will offer refunds or redo the flooring if their tests show a problem. that is helping the stock. charlie: just so, you know, i've covered these construction companies that put in toxic materials in the past. there was something back in the '80s, called the jim walters court. it was down in tampa. they had asbestos problems. it took out the entire company. these types of products, if this is really a toxic issue and there's ways of looking at it, the whitney tilson way of looking at it and the way other shorts look a

in this era, a hedge fund could spend $50 million on beat up a company, i am talking about herbalife,ve to get their voice out. >> we're in the age of public figures, everyone of us is a public figure, everyone with a facebook account, with more than 100 friends, guess what you know thashampoo come commercial, youa hundred friends and they tell a hundred friends. >> the ceo should be the key pitchman for the company, you are in charge of the shop. the technology has shifted but to me the responsibility has not. it has grown if anything. >> a credible pitch is all i ask. charles: we have a board, our credible pitchman makes pitch and the stock collapses. do you like at maybe he is not the right guy, i don't know if they can do that at wwe because mr. mcmahon probably owns all of the stock. >> you have the ceos, a lot of the ceos have big egoes, that is - egos, that is how they bece ceos. then they have twitter, if they get to a point it is useful then a point where it is either irresponsible or out right -- >> you get backlash. reg fd, if you put it out there. >> a lot of issues down t

this is a stock that i herbalifs sense. it will be a little of volatility as this thing plays out.ompany clearly thinks it's been wronged by "60 minutes." and to some extent, whitney, the short seller who has been very negative on this stock, some say whitney gave "60 minutes" the entire story. whitney had no comment on this. clearly the company is now telling people, following yesterday's announcement, it is emboldened. they've always had a lawsuit in the back of their head. following that lawsuit, they're emboldened to possibly do a libel suit against "60 minutes." they think they'll be exonerated at some point. the damage is where the stock price began and where it ended up afterwards where a lot of people lost a lot of money. >> great stuff. thank you, sir. an important programming note for all of you. don't miss tonight's episode of fox business' hit show "strange inheritance." about two forgotten tv actors who inherit a fortune from an illinois hermit they never met. >> it arrives in the mail with news of a strange and lucrative inheritance. >> the letter says, if i got a let

hlf, herbalife, he is still involved in. his staff is looking whether to get involved in this we don't know whether he will go long or short. we don't know whether we will get involved. there is no decision yet on the table. i posted this on twitter, this is somebody inside of carl's office, sometimes comes down to carl makes his move who does he hate less? does he hate longs or shorts? as you know -- melissa: he loves money. i don't think he cares about people that much more than money in this situation. >> the one of the, shorts on this as you know is whitney tilson. i emailed whitney tilson. i said do you and carl get along? we should have full screen. yes, we are friends. he spoken twice to my conference. we both made a fortune on netflix. melissa: when it comes down to money he likes you. he loves to make money. i like that. >> i don't know where he will go on this i do know his staff will look at it. if you see a big pop in the stock next couple days you will know what he did. melissa: moving the stock, charlie gaspari

bill ackman on herbalife says it's a zero dollar stock, it is trading at 30, way up, way down.aying this is a zero dollar stock? >> no, what we've been saying is business model is not sustainable. >> which means? >> they're going come in for a hard landing. >> you're talking about this thing is half the price? >> i think next year, it will be a mid 30 stock and slow grind down. >> let me play devil's advocate, when i put a hedge eye analyst on, they are all steak, no sizzle. last time you had one of the guys okinder morgan, he said some of the same stuff you are saying about how their metrics are. despite all the talk about manipulation, no sec investigation. there was nothing that happened. if this thing is manipulated so much, why isn't the sec coming in and saying they're doing the wrong thing? >> i think it's a couple of things. one, it's not so much that when we think about the manipulation, it's more about massaging metrics. >> and it's legal. >> to a certain degree. it really depends on really if the sec decided to go sniffing around whether they felt everything is okay.

on the move today, it's herbalife, down more than 4% right now.ck among the most volatile as the fbi continues to investigate contractors hired by bill ackman's pershing square capital. he, of course, has been shorting the stock for a couple of years now, doesn't like it at all, says it's a pyramid scheme. and what the investigators are looking at is whether anybody made statements that could be an attempted stock manipulation, meaning to drive it down. this is a story fox business has been ahead and out front oranges charlie gasparino on the billionaires who are battling over it. >>> okay. can march madness -- this is an unbelievable question -- but can march madness really affect the stock market? a recent study shows stocks often produce below average returns during the popular sports tournament. this time last year despite an overall positive start for equities, the s&p 500 fell 1.5% between the opening round of the tournament to the final game. we should have highlighted that, right? because it's around this exact time. here now to discuss th