can you imagine there are movies from herbalife.ying bad news prayers bears and breaking training. >> great movie. liz: let them play. >> i remember that so well. this is taking my story make it some sort of a joke. liz: sorry. >> i'm getting annoyed here. i know it is your show but you're not allowed to do that to me. this is hostile work environment. in any event, the, they're going to go after ackman now on this. and whether they get something or not i can't tell you. this is hard to prove. people have opinions. bill ackman says he has an opinion. here is the thing, when i've never seen a company fight a short seller this long. liz: are you ready? overstock, remember overstock against -- >> everybody. liz: rocker something. >> who won? overstock is still in business. liz: very much so. but they, the people who were kind of pounding on overstock had to settle because they were saying such bad things and putting out bad information. >> if you you look at ackman's call, there was some, there was one part of it, fromç what i hear, t

china accounts for a significant portion of herbalife's business, 20%.ral herbalife exec utives sold thei stakes from may 9. a senior vice president for china and several other senior executives including here in north america. we have several calls in to herbalife for comment. we will let you know when and if we hear back. this is an interesting development as the company relies on china for a large portion of its growth going forward. also all of this news comes just weeks before the company has to comply with that ftc ruling from last august. we'll continue to watch those shares which are down this hour some 6%. we'll take a quick break and do final trades on the other side. dear predictable, there's no other way to say this. it's over. i've found a permanent escape from monotony. together, we are perfectly balanced, our senses awake, our hearts racing as one. i know this is sudden, but they say: if you love something... set it free. see you around, giulia ♪ >>> we're back. over the weekend our own pete najarian hanging out with alec baldwin all for a

. >> when he was in herbalife, you saw what he was doing.cause of the other side of the trade, which is bill ackman. for this, what is it? >> it's not a lot of money, though, literally. >> is only 800. it's not a lot of money for. . if there is a debt problem. i struggle upon this, to impute this on the auto sector i think is wrong we we heard from ford, we talked about this two days ago, i think there are mobility plays to go to the big three for. i think these three will be able to play a space. why shouldn't they? back to gm, it's not a hertz story. i would underline that. >> you are in gm as well. >> the dow is still going. >>> still ahead, amazon is on fire, you are probably rolling in the dough from amazon. we will tell you how to get profits for free. in the meantime, here's what else is coming up on "fast." ♪ i'm on the boat ♪ i'm on the boat ♪ everybody looking good, i'm sailing on the boat ♪ >> and you are not alone. from a surprising development, millennials can't get enough of avocados and boats. we'll tell you how to cash in. pl

[laughter] herbalife,ve on to soothing investor fear that u.s.hold them back in some way. they reported first-quarter adjusted eps on 124, the estimate is $.95. net sales for the first quarter beating estimates $1.10 versus billion.tation of $104 -- theyou this earlier have adjusted their full-year eps to the range we are talking about now. before the range was at three dollars and $.65. a significant pickup for herbali fe, minimizing the damage from the deal that they struck with the federal trade commission last year. "what'd you miss?" president trump applauded the past of the house gop health bill earlier and reiterated the problems with obamacare. pres. trump: it has been a catastrophe, and this is a great plan. i think it will get even better. make no mistake, this is a repeal and replace of obamacare. >> let's get more perspective on the potential impact of this bill. medicarethe aca and under the obama administration and joins us on the phone from long beach california. thanks so much for joining us. clearly you put a great deal of work i

. -- herbalife. >> know because that isn't being paid for by the tax prices -- tax payers.allinckrodt has rolled over anyway. express scripts is facing profit pressure anyway. vonnie: in a statement, the ceo claims it is misleading and not based on fact. mark: polls will remain open until 2:30 p.m. london time. we see if a run mr. president rouhani can secure a second term. vonnie: live from new york, i am vonnie quinn. mark: in london, i am mark barton. time for the bloomberg business flash. looking at some of the biggest business stories in the news. warned ireland to step up its efforts and collect more than $14 billion in back taxes from apple or it could end up in court. european regulators ruled that ireland granted apple and unfair deal that saved the company billions of dollars. in taxes. ireland says it is trying to recover the money. both apple and ireland have appealed the ruling. bmw hopes to cash in on china's growing luxury car market. the automaker is expanding its factory. raising capacity from 300,000 cars per year to 450,000. tim w expects the five series

herbalife is still the favorite short bet. startrline has agreed to bankruptcy proceedings.carry out a recapitalization plan after workers voted against job cuts. the last time they published public figures was in 2015 when they lost $270 million. mark: that is the latest bloomberg business flash. vonnie: we are awaiting president trump expected to speak shortly in the rose garden honoring air force football winners. this is bloomberg. ♪ ♪ trump: president donald just arriving at a ceremony honoring air force football at the rose garden. you can see everybody gathering. our next guest knows a lot about this. he is a former paratrooper. for now, we're going to await the president, who is going to make some remarks. the falcons doing well on the football field. he will make some comments regarding policy and legislation. ourave one of correspondents at the white house right now. makeere a chance he might remarks regarding policy? he wants toaring get control over the message regarding the budget. we are hearing the president talking about this budget bill. democrats are alread

carl icahn took a new stake in conduent and increased its position in navista and herbalife and soldut of allergan. warren buffett doubled its investments in apple. george soros took a stake in snap ink, also sold amazon, abbott. green light cut its stake in apple, rite-aid and time warner. they also hiked stake in gm and xwra hu yahoo! dropped position in yelp and took a new position to micron. >>> jeffrey immelt is pouring more money into his own company. he bought another 100,000 shares of the dow component yesterday for roughly $28 per share each. immelt now owns more than 2.5 million ge shares. ge has had a difficult start to 2017. >>> the top story out of washington, the white house denying reports that president trump shared highly classified intelligence information with russian officials. tracie potts has more. >> good morning. the report says that the president shared information that perhaps russia already knew, but the intelligence ability lie wally who gave us that information did not give permission for it to be shared. now there's concern that we will not get informati

herbalife has traded in the wrong way as well. other things had done quite well over that period of time. you take restaurant brands or platform specialty air products in the howard hughes corporation, and he's actually done quite well with those names. and in any of the conversations that i've had with bill over the last weeks and months he is steadfast and unwavering, really, in his belief that he is going to stage a comeback. he hasn't been as public as he has in the past. i think at this point he wants to let his performance speak more than himself certainly on what he thinks is going to happen. but if april is any indication certainly his performance has gotten better and if the more broad indication that i told you, his performance from march 31 through april of 2017, it seems as though he's stemmed the tide that valiant had really pulled out had caused him so much pain. we'll see what happens on the stage in the room just behind me. >> what have his investors done? he hasn't lost a ton of investors, has he? >> i don't think

is people are focused on the negative performance and dramatically so as a result of valiant and herbalifet working out. but i don't know if many people realize, from march 31st, 2016, so the end of april 2017, the month that just ended, they're up 18.5%. so many of the other stocks in the ackman universe have worked of late, restaurant brands, air products, platform, fannie, howard hughes, it's these spectacular misses that have dominated all of the talk in the media. and elsewhere.. >> what's so interesting about that, and i think part of the reason why they've dominated the attention is because the valiant bet was a very creative bet. with chipotle, it's been bread and butter activism. we haven't seen much in the way of creative structures or scandals or anything like that that would capture the headlines, as well. it's just these investments that have done well are bread and butter long investments. >> and chipotle has done well, obviously, year-to-date. that's helped him from a vet good month of april from what we understand. halftime back in two minutes. ♪ ♪ i'm dr. kelsey mcneely an

herbalife's strong first quarter earnings revitize its shares.his follows last year's federal trade commission investigation over concerns it's a pyramid scheme. it had to refund $200 million to distributors later this month. jaguar is gaining on porsche in the u.s. luxury car market with a tide of capital to work with from par their company and a fully overhauled product line, their new suv and sports sedan eerlt outsold or closely trailed the porsche cayenne models so far this year. so far, buy verse bought 14,000 jags, more than double the -- buyers have bought 14,000 jags, more than double the number posted over the same period last year. scarlet. let's get back to the u.s. jobs report which showed employers added more jobs in april. 211,000. the unemployment rate fell to a pre-crisis low. earlier today, our reporter sat down with gary cohn to discuss the april jobs report and the trump agenda. >> it's been a big week for us. if you think about where the week started, people questioned whether we'd get a budget, we got a budget done over the

herbalife is not being paid for by the taxpayers, that's a private deal. is facing profit pressure anyway. they have seen problems well before me highlighting this relationship. eric: what is it worth? >> there's a billion dollars of debt here. the operating income over the most recent quarter annualized is under $300 million. eric: so put a value on it. is zero.nk it if it goes the way we think it will, then the stock will be worth nothing. model.e business value stock mavens on this one because it appears cheap. -- again, we question the business model. in an environment where index servlet, the public is focusing on cost. years ago when the aca was being crafted, obamacare, i remember speaking to one of the staffers who helped write the bill. she told the something interesting when i asked why there is no single-payer option. she said there will be in five or 10 years. because of the way obamacare has been crafted, everybody is going to be paying higher co-pays ended up than they are now. this was back in 2010. when the public realizes how much this stu

take a look at herbalife shares, tanking, about 6%. reports the company's china chief has abruptly left. we'll bring you more details when we have them. >> i'm which will fred frost. here is what else is happening. new clues about the economy, data that measures the amount of freight transported by trucks showing a surprise drop. and a retirement savings regulation known as the fiduciary rule will go ahead on the 9th of june. more on the fallout on "power lunch" coming up. and the death toll rising to 22 in that suicide bombing at the concert in manchester, england, and an arrest has been made. on that note let's get straight to manchester with the latest developments at this hour. >> reporter: yes, will. the mayor leading a vigil outside the city hall not too far from where i'm standing here, not too far from manchester arena, the site of the horrific attack last night. teresa may has been up here this afternoon signing a letter of condolence, visiting some of the injured in the hospitals of the 60 or so injured being treated in eight

herbalife of note up 10% right now.ow to michelle. >>> i'm michelle caruso-cabrera live in paris, france, because the big presidential election is on sunday. the polls suggest there is no existential threat to the euro, that marine le pen has no chance. but both she and her opponent emmanu emmanuel macron say not so fast. >> oh, boy, it looks lovely there, michelle. we'll be back with you shortly. welcome, everybody. i'm tyler mathisen. we begin today with ibm. shares of big blue getting black and blue today. bruised on the news warren buffett has sold off a third of his stake in the company and what makes the story even more intriguing is how his affection for jeff be bezos played into his decision. becky? >> reporter: tyler, it's great to see you. things are just opening up here. the meeting doesn't official ly start until tomorrow. you are starting to see people coming in. i don't know if you can turn around but you can see the lines out the door and around the corner. people want to come in and get first dibs on the

. ; herbalife is still his favorite. for a platinum parachute peter krause. walk away from $99 million after a surprising shakeup. -- nine directors were moved from the board. the majority owner wants to have more direct control. that is your bloomberg business flash. jonathan: we sat down with the pimco ceo at a global conference to discuss the fixed income equities and the future of pimco. they turn over six time what the s&p turns over. the the fact that you have ecb and the fed as people buying bonds. buyers whove other are accounting driven. think insurance companies, think pension funds. the opportunity we think is much larger in fixed income and equities. >> there is a possibility the government could cause problem's there? they are trying to push things through because they think it's cheaper? manny: there could be legislation which would push for the lowest possible price. we think over the business cycle we can add a quarter percent. when you add this over the last time of retirement account, the difference is significant. when you consider we are t

carl icahn took a new stake in conduent and increased its position in navistar and herbalife and sold out of allergan. warren buffett doubled its investments in apple. sold out of 21st century fox. george soros took a stake in snap ink, also sold amazon, abbott. he added positions in conocophillips and fireeye. green light cut its stake in apple, rite-aid and time warner. they also hiked stake in gm and yahoo! dropped position in yelp and took a new position to micron. an old holding way back when of einhorn's. >> that's right. that was his. he was really excited about it. that's gone to single digits so many times in my life. >>> the s&p 500 and the nasdaq closing at record highs. let's talk markets with simien himen from pro shares and todd gordon, founder of tradi tradinganalysis.com. and a cnbc contributor. every morning i wake up and look at the futures. what's happening today. it just -- it's never down 150. you know, we have constitutional crises, all kinds of things happening. are people just worried that this is a bull market that we're in that will head higher because sooner