haines celestial is a big position of icahn. a lot of these have done very well over the year.rection corps. >> and how do you use the information? because a lot of times investors get this information from the 3d filing, it could be dated. we don't know what the cost basis is, how they're investing exactly. if you get the filing, what do you do then? >> we do most of the time know what the cost basis is. it's in the filing and basically analyzing the event, the 13d event. i've been doing this for 13 1/2 years, i have great contact with pretty much everyone in the industry. so in my -- even in my research reports i send out, i have some commentary and color that is not in the 13d. and i also have spent years knowing the styles and philosophies and habits of the activists. so it's a lot easier to handicap these types of situations. >> so you said that you're in touch with these activists, you have relationships with them. do you get involved in the activism, as well? >> no, i do not, you know, do not get involved in the actions. we generally will vote with the activists as inves

this is a story, karl icahn taking a pretty significant stake. about 10% of the shares. he is willing to have talks with management over at netflix. karl icahn, not to mention, this is the guy who even as new york is paralyzed is making his move on the day like this. i want to get to tom riley. you are starting up trading once again today. what is it like for you on the floor? >> we had some phone problems, as well. the market moved, you know, it did not have any problems today. all the orders needed to be filled, god filled. we expected to be a little busier tomorrow. we had a pretty good workforce here. getting here was probably harder than the actual workday here. liz: gentlemen, thank you. my sincere thanks to all of you. hang in there. thank you so much. according to disaster modeling firm e cat, it will face $10 billion of losses in hurricane cindy. we have heard higher than $50 billion when all is said and done. how is this impacting insurance companies on wall street who will have to step up to the plate and pay claims close back i am sure you have been doing you

defense truck maker shot up on news investor carl icahn may buy them.xt year, walmart is going to offer employees free heart, spine transplant surgeries. the reason? walmart believes paying more to get the job done right the first time saves on complications. >>> the u.s. postal service will raise rates on january 27 to offset a record $15 billion in losses this year. good news if you stocked up on forever stamps in 2007, you are now saving a nickel a piece. >>> to get a warm fuzzy feeling when you see the thumbs up sign next to your facebook page? of course we do, right? creative students have taken it a step further. they designed a vest that inflates when you are wearing it and gives you a hug when someone likes your facebook status. >>> one of the stories trending has to do with past winners of the nobel prize. a new study showed a corelation between eating chocolate and winners. those who consumed more chocolate brought back more nobel prizes. >>> the as are sent packing. plus, san francisco slams into the nlcs. sports is ahead on "first look." yea

talking about carl icahn. nicole: the truck and the local company in wisconsin, shares up 16%.as halted with a pause for volatility. shot up to a 52 week high on the heels that carl icahn announcing the tender offer for shares so now we are moving forward. how much was the author? $32.50 a share. we saw a stock as high as $31.30. at every moment you see it jumped on heavy volume. big spike in the interday chart and it was halted and back in action. he made it his intention to nominate directors for elections to the board at an upcoming annual meeting so some names that will continue to follow but obviously it is a big one. >> we will keep the breaking news. a close for the day of european trading and ashley webster is here to tell us how the europeans did today. ashley: the u.s. jobs report is incomplete, give european markets a boost despite the latest downgrade of spanish debt and the closing bell green across the screen and the cac quarante up 1.5% and the dax up 1%. nice strong day despite the fact the standard and foresees mounting risk to t public finances after cutting t

. >> carl icahn. has a fantastic track record. it's been a good year for him in general.hen you think about him in net flick, you think about him and blockbuster, which he's called the worst investment he's hmade of his life. it had too much debt. there was a change in the industry, which he didn't recognize. too many stores. a change in the industry is what -- because it's the same industry and at that time netflix was the competitor of -- >> exactly. >> now it's being seen as a stick in the mud here left behind. >> i think carl has fun doing these things. some of it works. >> definitely. >> some of them don't. >> it's a streaming angle. you said the name, you play with amazon. if you play it, i'd rather are play the content side of it and play a lion's game. even though it's at the high end. i'd rather be with content providers and rather play with amazon for streaming. >> even the chairman said to us that they are basically agnos c agnostic. they don't care how you it gets to the consumer. it gets there. >> made 14% today. >> yeah. >> all right. power outages remain on

carl icahn this morning issuing an unsolicited tender offer of $32.50 a share.hey say they'll get back to shareholders within ten days. meantime though, interestingly navistar is up on some speculation that maybe this will help carl icahn bring the two companies together. >> bertha, thank you. >>> some people say that this market needs james bond. we're going to pose the question -- what does james bond tell us about the health of the luxury market? the ceo of omega will join us whether we come back. one is for a clean, westictureg dreams. that puts us in control. our abundant natural gas is already saving us money, producing cleaner electricity, putting us to work here in america and supporting wind and solar. though all energy development comes with some risk, we're committed to safely and responsibly producing natural gas. it's not a dream. america's natural gas... putting us in control of our energy future, now. >>> well, you heard lloyd blankfein talk about the global economy. today there are new fears about a slowdown over in china. check out its currency.

one stock, carl icahn boost, and all the day's biggest movers when we come back. we hope you're getting excited for tonight's very special guest because in a few minutes we'll talk to a noted rapper turned actor. also reality tv star. that's sure to quench your thirst. stay tuned. tdd#: 1-800-345-250 let's talk about low-cost investing. tdd#: 1-800-345-2550 at schwab, we're committed to offering you tdd#: 1-800-345-2550 low-cost investment options-- tdd#: 1-800-345-2550 like our exchange traded funds, or etfs tdd#: 1-800-345-2550 which now have the lowest tdd#: 1-800-345-2550 operating expenses tdd#: 1-800-345-2550 in their respective tdd#: 1-800-345-2550 lipper categories. tdd#: 1-800-345-2550 lower than spdr tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 and even lower than vanguard. tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 that means with schwab, tdd#: 1-800-345-2550 your portfolio has tdd#: 1-800-345-2550 a better chance to grow. tdd#: 1-800-345-2550 and you can trade all our etfs online, tdd#: 1-800-345-2550 commission-free, from your schwab account. tdd#: 1-800-

activist investor carl icahn disclosed a 10% stake. general motors continues seeing business grow in asia and south america, even as earnings were down last quarter in the u.s., and it lost money in europe. the bottom line for g.m. in the third quarter was stronger than ancipated. earnings per share totaled 93 cents, well above the 60 cents per shares expected. g.m. returned to profitability in south america and china profit jumped 10%. shares jumped 9.5% as volume tripled. g.m. hopes to stop losing money in europe by the middle of the decade. yesterday, ford told us it expects its european business to begin turning around in about a year. today, ford shares were also on the move after its strong earnings report during the market closure. ford rallied 8.2%. over $11 per share for the first time since may. some merger action in the clothes and fashion industry hit the tape with p.v.h. buying warnaco group, that's the company licensing calvin klein, speedo and other brands. warncstock shot up almost 39%. the dl tols $2.8 llion in cash an

arne duncan the best icahn do he is the basketball buddy of obama they played together in chicago. department of energy steven chu will be better remembered because of the solyndra debacle in winning the nobel prize in physics. and to plot -- janet napolitano one of my favorites. to be remembered to forget who she is and what she does? it is easier we don't get into it. she is making a mess out of things. don't worry. it is just a homeland. shaun donovan that is all we have to say. department of veterans affairs shinseki and we don't know what he looks like, and i do know what he looks like actually. the best reason not to know he works that hard for our veterans think you mr. secretary. 15 secretaries president obama has met with all of them. are you ready? twice. and the last nine months. and obama is hard at work golfing and campaigning to do it again. having weekly meetings with bala read jarret and political of pfizer's who are protected by a executive privilege is inspiring. what can you expect from a man who ever managed anything and his wife until he was elected the biggest

[ male announcer ] get more access with a citi card. [ crowd cheering, mouse clicks ] >> icahn balancee budget. talk about military spending our navy is smaller now than at any time since 1917. they said they needed 313 ships to carry out their mission. we are headed down to the loo baseload 200 swiss sequestration embargo airforce is older and smaller since anytime since its founding 1947. but it is the highest responsibility of the president to maintain the safety of the american people per car will not cut our military budget by $1 trillion which is a combination of budget cuts from the president as well as the sequestration cuts. that makes our future less certain and secure. >> first of all, it is not something i proposed but congress proposed. it will not happen. the budget is not reducing military spending but maintaining it. mud governor romney has not look how the military works. mentioning the navy. we have fewer ships and 1916. will also have fewer horses and bayonets. the nature of the military has changed. we have aircraft carriers were airplanes land on them. ships that g

we have talked about karl icahn.king very hard to try to change some of the management on the board. they will fill up ten members. three of which are now karl icahn approved. melissa: thank you so much. to fix the debt, it has passed the $16 trillion mark. charlie gasparino comes up next. lori: let's check the dollar today. concerned out of europe have the dollar gaining a little ground. we will be right back. ♪ ñ ♪ >> i am lauren green with their fox news minute. turkey's president faced the worst place than arabs are place and syria. turkey says it is truth that they retaliated for a six straight day. the center for disease control says there are now 91 confirmed cases of meningitis. at least seven people have died. massachusetts pharmacy that distributed a steroid has issued a voluntary recall out of caution. the confessional -- art is booked solid on columbus day. it has become a must see cultural attraction. a japanese artist has built a living room around the statue. those are your news headlines on the fox

icahn is the largest shareholder. he says webmd is undervalued. >>> residents of india can get their favorite cup of starbucks java. the coffee chain giant opening first flagship location in human by as part of a 50/50 joint venture with tata. that is the latest from the fox business network, giving you the power to prosper. lori: traders are running for the exits this time. melissa: big-time. lori: dow down 184 points. let's head straight to nicole petallides on the floor of the new york stock exchange to find out what is going on. >> i'm looking at dow jones industrial average right now, melissa, and lori, where we're down 185 points on the dow. obviously a tough day as we're down 1.4%. obviously that is a decent loss and it brings us closer to a losing week on wall street, 13,328 is where we closed last week. so we're about 40 points off of that level. we're seeing all the dow components with the exception of bank of america, 29 of those 30 dow components are under pressure because of tough earnings, because of the

so carl icahn made this offer to buy these outstanding shares so they're trying to take a little breatherand digest this at huge premiums to yesterday's close of 21%. interesting how the stock never got to that level of $32.50 but did set a new annual high. we will continue to follow it because you have the activist investor billionaire who could make a lot of changes in a lot of companies so we will see what happens in this. >> thank you, nicole petallides. dow jones industrials crossed the unchanged line 22 times since 3:00 p.m. this code since 3:00 p.m. 41 minutes. a lot of in decision. speaking of what the market likes and doesn't like, the market decided it didn't like yesterday's earnings numbers which were dragged down by higher marketing costs for a company called ruby tuesday but also a hunt for a new ceo because the founder -- got to set -- bit somebody else to run this but don't think about ruby tuesday yet. stock is moving hire by 1/2% reversing drop from yesterday. they did post positive same-store sales for the first time in two years. let's find out what they're doing right

icahn has been buying the shares since early september and he's identified netflix because he believes it's undervalued in its dominant position and international growth prospects and it may hold significant strategic value for significantly larger companies engaging in more direct competition with one another due to the evolution of the internet and mobile. he says he's considering ways the company could maximize shareholder value, reached no conclusions on this and he also says he may in the future seek to have conversations with the company. maria, back to you. >> thank you so much. i'm standing outside the new york stock exchange right now and it feels like aside from a lot of cars sort of stacked up here, business as usual. right down the block, though, the water is being siphoned from the subway onto the street. i sent some pictures in and we'll show you those pictures later, i took the pictures of the water coming out of the subway and onto the street. outside of the exchange it's clear. we're joined by bob greifeld, joining me right now, ceo of nasdaq omx group. good to have yo

icahn earning 32.50 a share cash as a tender offer.t to due diligence or financing. but will be subjected to the election of his nominees to the oshkosh board at the upcoming annual meeting. last year he tried to get a slate of nominees on during that meeting. what he says is that it's clear to him that management has taken a passive attitude toward the future of this company. and willing to sit back and watch what happens. housing and construction industries hoping for a positive outcome and reduced competition. asking shareholders to wait up to four years to see what happens. he thinks things need to be much more proactive. those shares zooming here just slightly below that tender offer of $32.50 a share. >> that's one to keep our eye on this afternoon. thanks so much, bertha. >>> another capital markets op-ed. gary, on a week where david rubenstein is on the cover of forbe's, you're going somewhere with carlyle. >> the junk craziness continues. if it's not for the junk market, add quantitative easing, the ir rational exuberance in t

first, we're visited by the fashion icahn, and council of the designers of america, diane von furstenberg> hi, robin. >> we're going to unveil things with another friend. kathy, i'm going to pronounce your kessia. >> hey, diane. how are you? >> and president of specialty retail for neiman marcus. and we thank you for being here. we begin with box number one. shall we, audience? >> okay. what do you say? >> what do you say? >> all right. open that box. >> it is a jewelry box. it is a jewelry box, that we managed to do. normally, something like this in the store, would be much more high-end. >> it's a beautiful lacquer box. and it is with one of my original prints, the twigs. and it's just precious. and you can put all of your precious jewelry in. >> i love it. things like this and the other gifts we're about to see, how are you able to keep prices down? >> well, this was a great idea between neiman marcus, target and the cmva. and we got together. and we decided we wanted to celebrate the holiday and use everybody's strengths. the strength of neiman marcus, the strength of target, and the

you have some activists including karl icahn. some of the board members. the number of board members would be ten. what they are doing is replacing three board members. the third nominee will be agreed upon by both. that is a change that we are staying here at this company. of course, both of these guys own just under 50% of navistar. still think the down arrows of the dow, nasdaq and s&p. back to you. dennis: thank you, no go. using video games to better interact. names like oracle, samsung, ibm, what do you do for them exactly? >> we provide software to companies to add game of vacation to any experience they find. dennis: are you being metaphoric here? tell us how belled media got a 53% increase on registered users? >> we are not talking about adding video games. what we are talking about is adding the techniques that work in video games. things like leveling programs, point to programs, achievement and recognition and rewards. we are talking about adding those techniques, which are typically called game mechanics, two busines

he is head of the resistance movement for hamas and spend as much time with them as icahn. a good friend bert often in beirut dies spend hours with him he tells me about hamas he asked me a lot of questions about obama and romney and the like toro college. . . >> this saturday we are going to some of the ruins of the phoenicians to a tourist site that we think would be good for our children and nine-year old daughter. our daughter said she is not going. we said no, we are going. it was a saturday, and we are all going. and she said, i am not going, one of my friends is having a birthday party and i'm going to the birthday party. and we said no, you're going with the family. because this is our family does. >> she says i'm not going. and i said, you're going, or you're going to your room. off she went to her room. i came to work. that night, i came home late and she was in bed. i went into her room. i said, the people want to change the regime. [laughter] >> so the arab spring has had an impact. i have chosen as my topic this morning whether there can be two state resolution

the truck maker agrees to appoint three new members to the board, avoiding a proxy fight with carl icahnshares on the rise. combining with amil. unh pays $4.9 billion in cash for 90% of amil's outstanding shares. >>> let's take a quick check on the energy markets. for that, we turn it over to sharon epperson at the nymex. >> we're looking at weakness pretty much across the board here in the energy market, particularly when you talk about crude oil prices, off the lows of the session. but there's a great deal of concern about asian demand. that world bank forecast saying the growth in china would be down around 7% compared to 8% last year, compared to double-digit growth in the past. that continues to worry traders about energy demand. and on the flip side, we have the syria/turkey tensions continuing to support the market. you can see that better in the brent crude market which didn't falter much in the past week where nymex futures, wti futures falling sharply, down about 2% last week. three weeks in a row, lower prices. still at the lower end of the $88 to $92 range we've been stuck in