carl icahn age taken a pretty large stake in dell. at this point, dell is putting out a press release saying it received a letter from carl icahn urging dell pay $9 a shared dividend. if the agreed going private transaction which was announced back on february 5th if the deal is voted down by shareholders. >> evercore is actively solicited other offers and they're going to go all the way till the process will run through march 22nd after which negotiations will continue if a potentially superior proposal emerges. >> guys, here is the problem. can you hear me? >> yeah. >> there's a problem with this, is that evercore's only incentive to find a superior proposal in the tent they have to find somebody else to come in and buy the company. so the incentive structure in terms of how to think about this may not be as aligned as ld necessarily want. >> that's really a cynical viewpoint, andrew. i'm a little disappointed that you would put that forward. so if evercore doesn't get paid, if they get a higher offer, they're going to be like, oh,

how about the pressure carl icahn is putting on transocean. today transocean announced a $2.24 dividend giving a 4.3% yield. i like that, but well below the $4 dividend icahn wants. we're not done with that.

, and herbal life and ackman, and icahn and herbal life.ke them in the tent. cheryl: we need a chart. >> a mob chart; right? it's kind of like the mob. cheryl: charlie thanks very much, a good story. >> thank you. cheryl: we have 15 minutes, and we were positive 15 minutes ago, anything can happen. there's something happening overseas. that was treasury secretary jack lew meeting with china's president today discussing ramping up cybersecurity in the united states and stopping the threat. competition is hitting up, though, among the security providers. here's the good twist. we'll talk to the chairman and ceo of palo alto networks, mark mclaughlin, a fox business exclusive interview, and how he is building the next generation of firewalls, which we need. ♪ l stations come over to mission a for a final go. this is for real this time step seven point two one two. rify and lock. command is locked. five seconds. three, two, one. standing by for capture. the most innovative software on the planet... dragon is captured. is connecting today's lead

vex -- >> keith meister who was carl icahn's right-hand man, started his own fund.o was bill ackman's right-hand man. so there are a lot of new guys coming out that aren't as well known. cheryl: we were talking about bill and carl icahn and the herbalife story, and they're pitted squarely against each other. i'm assuming that's something you're going to stay away from. >> yeah, we're going to stay away from that. that really hasn't happened in the seven years that i've been following activist situation, and i'm not sure it's going the happen like this in the next seven years. we respect carl and bill very much, and we would never take a side against either one of those. cheryl: i know you know carl icahn, what makes him tick, do you think? >> he's just investing. he loves what he duds, he love -- does, he loves making money. making money and investing, i think, is really what he's all about. cheryl: making money but also, i mean, he creates a lot of controversy. >> well -- cheryl: there's got to be a piece of him that all -- >> all activists create controversy, and,

carl icahn $15.not take carl icahn series on this, he is a smart guy, but he is in for the ride. i think you can discount his bid. trading $14.55, just a slight increment over the 14.25. the question becomes major private equity firm, morgan stanley says they have the financing. it is not a bank. doesn't have capital of jpmorgan, morgan stanley 22% owned a mission bc. this is an agreement between the two firms did in fact the financial crisis where these we helped bail them out in 2008. from what i understand, from morgan stanley, they will put up a lot or part of the financing, probably coming with debt that is cheap right now. they are negative zero over there. liz: the stock 14.55 right now. >> many are surprised there is this much interest. blackstone is interesting. they will make money off of the advisory fees, so take them out of it, but blackstone, i believe is a former partner at lex own that had worked at dell. i think there are some synergies here. there is some connection with dell or sil

and speaking of dell and carl icahn what a week it's been for mr.n top of joining the dell fight the billionaire investor shah saw his shares in and a ha navi star surge. he also took transocean to task for a dividend that was too little too late and urged the board to approve a $4 payout and yesterday he increased his stake in herbalife to nearly 16%. let's trade some of these names. jock brown. >> i think all of these names are event driven special situations and i think if you're getting involved in these types of thingsed one thing you want to make sure you do is use a stop. personally, out of all the names here, i were probably tell you that transocean looks most interesting. just given the fact that i'm very bullish on oil production, and exploration activities both here in the u.s. and around the world. >> aren't you bullish also on transocean rates because of icahn? i mean he wants to shake things up, right? >> yeah, i mean, look, he can walk away from the two, though so you have to like the underlying name. i think transocean is really inte

icahn. that's coming up. a talking train.ive can tell you exactly where it is, what it's carrying, while using less fuel. delivering whatever the world needs, when it needs it. ♪ after all, what's the point of talking if you don't have something important to say? ♪ >>> never afraid to make big bold bets without blinking. you wouldn't be a billionaire, i wouldn't know, without being bold. some are questioning mr. ackman's strategy. case in point, brand new vanity fair profile which traces the simmering grudge match between ackman and fellow hedge fund rivals dan loeb and carl icahn. that is mr. loeb on the left and icahn on the right. how is ackman doing, really? >> depends on what you want it look at. he has a couple investments doing good. general growth properties has been a winner. but isn't it interesting that most people don't focus on those. they always point to the borders. big miss for ackman. they point to the target. >> target. >> even bigger miss or at least on the same level. now you've got jc penney out there, ri

we want both sides. >> by the way, if you notice, like, carl icahn, where is he? he's gone.. i give the guy credit just because for a green mailer, he gets basically treated like he's some sort of, you know, a man of great man of finance. he attaches himself on to these dealing and, you know, someone else does the heavy lifting, app he gets a pop out of it. by the way, he's a gazillionaire because of it. liz: i'm gaining twitter followers ahead of you. >> no, you're not. know where i'm at now? 29. liz: i could still beat you. >> you lost ground. you lost ground. liz: okay, guys, serious now. >> you lost ground. liz: let's do a bet. >> it's not -- liz: end of next quarter, if i overtake you, you do one arm pushups, do 51 of them. >> it's not going to happen. liz: will you do that? >> yes, no, i can't, but it's not going to happen. liz: if i lose, i'll do 50 pushups. >> i'm not saying you can't -- liz: can't now, but end of next quarter if i work hard enough. >> you have a greater -- carl icahn has a greater chance of taking over dell than you have overtaking -- liz: benny, re

so the icahn deal may be better. >> i would find the icahn deal less attractive.er? looking for a highest proeused possible now. >> do you agree with at times the private equity firm that will own the company but a tiny left in the public markets. >> that could work. i guess i'm agnostic on that. i don't have a feeling one way or the other. >> the big turn around eludes me. what is the big growth in dell. >> we talked about stuff early this morning. >> the numbers are remarkable. their projections they thought would be 5.6 operational income. then it down to in january to 3.7. now it's khoers to $3 billion. >> it said somebody better get to work quickly. >> would you stand by those numbers? some suggest if you're in the middle of this and you want to participate in this other deal you don't progress out. >> i would be interesting in the deal. >> if you're looking at dell on ebitda, it's at five. even after its move from $4.19 to $4.61 is still a little bit -- i would rather own apple for the same price, come on. >> you're mike dell. he could be leaving this done.

icahn reportedly wants dell to issue a special dividend and would likely oppose the buyout. shareholders representing 14% of dell stock have said they'll vote against the deal. dell shares up, adding 1.2% if frankfurt trade this morning. >>> and it's a solid debut from maple tree. greater china commercial trust on the singapore bores. shares climbed 10% as it opened from its issue price. the listing was nearly 30 times oversubscribed, allowing maybel tree to raise over $1 billion. and what's really interesting about this is it raises a couple of issues, one being whether singapore is a more attractive place to go public than hong kong? by the way, mention, speaking of what's happening in london and europe, that its european ipos, which have been among the best performing one these year, that's according to a report from price waterhouse cooper. it expects, by the way, more private equity backflow toes happen in the market in the first quarter. so a couple of gauges suggesting there is some life in the market even if it is more morabund. >> we have spanish debt auction coming

icahn, i did call him and spoke to him.would not comment one way or the other on day or any rational he might have for taking that position, but, again, trading sources indicating it could be quite a large one. now, i can tell you as well that sources familiar with the situation indicate or tell me that icahn has actually spoken to advisers to dell's special committee. if you'll recall, that special committee has evercore, the investment bank working for it, as about t pursues a go shop period, looking for any and all that might be interested in topping that 1365 bid out there. they may have had a couple of companies sign confidentiality agreements but nothing dramatic has occurred at that point. they told icahn, hey, you want to get involved. sign a goo goh shop. he said i'd like to see you pursue a leveraged recap and would like you to return $9 a share in a dividend to shareholders by levering up the balance sheet. now the special committee has considered that kind of proposal in the past but said we don't want to take t

billionaire investor carl icahn has signed a confidentiality agreement. icahn will now have to keep his comments about dell under wraps, after he threatened to challenge the deal. dell is trying to take itself private in a $24.4-billion buyout plan. some investors, including icahn, say that deal undervalues the company. starting today, at&t customers can pre-order the new blackerry z-10. the redesigned smartphone will cost $200 and require a two-year commitment. the phone is considered a "do or die" moment for struggling blackberry. the stock jumped nearly $2 yesterday. for the first time in five years, tiger woods has two wins before the masters. his golf game appears on track, but as our cover story explores, it may be a little too soon for the wave of endoresement deals that left him to come flooding back. tiger woods' victory of the wgc cadillac championship kept woods ranked second in the world behind rory mcilroy. as recently as 2011, woods' ranking had fallen to 58th. he's also climbing the endorsement ladder. > > would you buy something endorsed b

icahn told me he wouldn't discuss dell., people tell me he has met with dell's special committee and urged them to have a recap of the computer maker rather than the 13.65 share leverage buyout that's been agreed to between dell's special committee and founder michael dell and the lbl firm silver lake. icahn was asked to sign a confidentiality agreement and go to the shop now process conducted by that committee evercorps. but he is not like to do so. southeastern management, parent company, is trying to organize share holders to vote the deal down. that will require a majority of shares not owned by michael dell to vote in favor with icahn with a 6% block in the against column approval of the deal without significant bump from buyout party becomes less likely. although to be fair we still have another quarter of earnings to come from here and vote is yet to even be set. now icahn has worked with southeast management in the past, you may recall, but at this point there are no signs the two have been paired as yet on shared v

icahn.reat to have you. >> thank you. >> talk to you soon. >>> you guys want to trade a until provocative comment about tim cook for certain. >> absolutely. so i think the thing with activists here, certain ones like icahn recently he's been dead on. he's been on a hot streak. look at netflix and herbalife. >> and dvr. >> doubled his money. >> he's been hitting it out of the park lately. >> at times the key is with activists, if you have somebody going in looking for a short-term hit or boost to their portfolio i agree with jack welsh, ignore them. if you look at somebody coming in, icahn is willing to take big enough of a position he's controlling the board and may take the entire company over. i think he's a different animal in the activist community. >> let's go over to bertha coombs at the market flash desk for a look at what's moving right now. >> thanks, scott. watching cry citi. today it is giving back. on normal volume, stonger volume yesterday. big week for the banks. the basal comm

carl icahn has become the latest major investor it oppose dell's plan to go private.ctivist billion air who has accumulated a stake in the company wants the pc-maker to pay out a special dividend and keep in mind the stock is trading above that 16 13 65 buyout offer. dell is engaged in an active go shop process for proposals and welcomes icahn's involvement. maria and bill? >> seema, thanks so much. >> you have, my colleague, one of the best noses for news that i know. >> seriously. ahead of the curve on a lot of things, and you have this opinion about activist investors right now. >> i think that that's one of the characteristics of this rally. the activist investor has re-emer re-emerged. look at a handful of companies in the last three months, apple, hess, herbalife, and we've got a situation now where cash is becoming a problem for companies. for two years we've been talking about how corporate america is sitting on $3.6 trillion in cash. all this uncertainty and don't know what they do around the where the regulatory environment is going. the wiggle room is gone.

it would take on $15 billion in debt and under icahn's plan about the same amount, but the differencecurrent shareholders would actually get more of the benefit in the form of a $9 per share dividend, but the problem is that under icahn's plan dell would still be public and subject to a lot of scrutiny as it seeks to turn around its business and pay off its debts and dell's core pc business is declining. pcs and related sales make up 70% of dell's revenue. >> the problem with the dell model is that you get paid up front, and that's a great model when your business is growing because more cash comes in, you know, before the payables, but as your business shrinks it works the other way. >> where do we go from here? exactly two weeks the go shop period will end and we'll see if there's any other bids besides michael kell, icahn, southeast asset management and others will do their best to convince shareholders to hold out for a better deal. the question might be how much might michael dell sweeten this deal and how long before this turns into a circus that scares dell's customers away. ma

i think you buy it. >> you like it because icahn's in the game?s obviously gearing up for a fight. >> it adds to it. i think that's good. but i also pull carl out, i still like the fundamentals of what's going on in the company. >> stock is down 60% over the last five years in rig. >>> coming up on "the half," can u.s. stocks withstand china tightening, sequester fallout and italian election dysfunction? gemma godfrey will tell us how she's playing the market coming up. is apple's pain google's gain? we're heading to the nyse to find out what's the better buy right now. much more "halftime report" is on the way. but we can still help you see your big picture. with the fidelity guided portfolio summary, you choose which accounts to track and use fidelity's analytics to spot trends, gain insights, and figure out what you want to do next. all in one place. i'm meredith stoddard and i helped create the fidelity guided portfolio summary. it's one more innovative reason serious investors are choosing fidelity. now get 200 free trades when you open an ac

icahn chose to do it. >> before going into the tents?when you leave as you've been into the tent, presumably you are less able -- you are less well able to fight outside because you can't say what you saw when you were in the tent. >> well, good point, although the proxy will come out very soon after the go shop expires and within that proxy we will get an enormous amount of details about everything that went on behind the scenes and we'll see management projections for the business. the best case, the worst case. so arguably, we will all know what he will now know as part of the data room, there will be some other things that perhaps we won't, but much of that will become public and that's something else for people to keep in mind and whether you believe 1365 is the reasonable price and whether you were in the camp of icahn and southeastern, let's wait to see what the proxy does say because there's information that's informative. it will come out most leakly the end of march. >> i'm still trying to get the image out of my head. >> i tho

icahn. he is joined in that view by a number of other significant shareholders. talked about southeastern, own 8.4% of the company. they wanted to lever up even more extensively and pay as 12 special dividend. that is southeastern. a lot of questions whether a company that missed seven quarters in a row in a highly competitive business in which the business seems to be eroding, yes, it is generating free cash flow, should be leveling up broadly like this for its shareholder base. jim chanos has been short the stock, appeared earlier on "squawk box." here is what toad say about the fundamentals. >> the problem with the dell model is that you get paid up front and that's great model when your business is growing, 'cause more cash comes in, you know, before the payables. but as your business shrinks, it works the other watch although dell has a lot of cash, most of it offshore, which is a whole separate issue, there's tons of payables here, the networking capital, not net cash, is only a few billion dollars. >> that being said, another great letter from icahn. share

icahn favors a different tact and has a different company, southeastern company management, another big dell shareholder so dell may be in play. dell posted gains for the day. >>> now, despite concerns about what the death of venezuelan president hugo chavez would mean to the energy market, crude oil closed lower, well off the session lows, rising after the federal reserve reported modest economic growth across the country. >>> and that brings us to the third installment of "nbr's" week long series called "in focus, the american recovery" and tonight we look at energy. here's sharon epperson. >> reporter: it was unthinkable a few years ago, but now u.s. energy independence appears to be within reach. the united states is virtually self-sufficient in natural gas supply and currently has the highest rate of growth in oil production in the world, producing more oil than it has in two decades. by the end of the decade, this nation is expected to become the world's top oil superpower, outpacing saudi arabia in terms of production. >> with a combination of hydraulic fracturing otherwise known

but the conversations -- the fact that carl icahn is talking to blackstone suggests that carl icahn's bid was never really that much of a bid. he would like to roll in with blackstone. and i would imagine ultimately would probably want to cash out with blackstone. i'm not sure he ever really wanted to hang out for the next five years and see what happened. >> i think he wants to put a multi level distribution system on dell. you pay distributors to buy the dells and no one actually ever uses them. >> why don't they merge dell and herbalife doing. >> he's a gut instinct guy that looks around and says, i can make trouble, get an extra buck or an industrial 50%. >> he was watching us talk about king pharmaceuticals and he was shaving. he decides to do things on a -- motorola, what did he know about cell phones? >> if you have that much money on, you can throw your weight around and is make yourself be heard. >> he was down to hundreds of millions from billions and now he's like ba like 20 billion or something. >> yep. >> amazing. >> and here we are talking about him, very seriously. >> a

there's the carl icahn pop now. you look at how much money he's made, he's made $2 billion in cbr, about $1 billion in chesapeake, and that's public holding. he's making money. if you're a holder in chesapeake, you're making money with him. he hasn't really blown anything up. >> i remember blockbuster. >> you're a two green pilot -- >> i looked it up because we have young guys here. >> the reed hastings. >> remember that, you're a two-bit pirate and a greenmailer. >> from "wall street"? >> yeah, larry wildman talking to gordon gekko in his house, i think. >> in the hamptons, isn't it? >> yeah. but he was married to shawn young, which, i mean, that didn't work out, i don't think. anyway, i think the reason -- he wouldn't do "forbes." i think he likes "forbes." >> he likes "forbes." he did "fortune" last time. >> he did? >> but we got him this time, with the beard. with the beard. >> in "wall street," they tried to do "forbes" and they didn't. they did "fortune" and bud fox says this is the bible. >> should have done

icahn's involvement obviously would be viewed as a positive for shareholders.l, price higher than the one previously negotiated. >> if we do get that expected equity selloff one of these days, where do you see gld and slv moving directionally. >> well, i would say that gold and silver, actually, have been pretty much risk off trades. they've been doing well when the market falls apart. i'm long gold, i think it goes higher, i would use 150 on gld. >> tim, this one's for you. >> let's do it. >> for segue to ask tim a brick play. got an argentinian one? >> yeah, teo, a stock that's had a big run this year. a lot of people have rallied back in. and up 21%, this pays a decent div. where people are still expecting a massive devaluation and there's a question over ownership of assets. >> going to take a break here, but coming up next, we will reveal the winner of tonight's street fight. plus your first move tomorrow when we come right back. tdd#: 1-800-345-2550 seems like etfs are everywhere these days. tdd#: 1-800-345-2550 but there is one source with a wealth of et

icahn or for anyone else to provide a competing offer to. >> a chance the whole thing collapses? >> i'd say relatively limited. our analysis suggests that almost all of the shareholder base outside of this -- you know, the major holders that i alluded to, has turned over since the deal announced. so the cost basis of most investors is likely in the $13 to $14 range. so to the degree that the offer can be bumped up to $14.50 or maybe $15, my guess is a majority of shareholders will vote for that deal. >> if for some reason the whole thing does go away, if it does collapse, what happens to the stock? >> the stock was trading at $11 prior to news leaking out, and the company's earnings performance last quarter was -- was, at best, disappointing. so i think we revisit those numbers. >> let's talk apple. a year ago today they instituted the dividend. where do they go from here? so much seems to have changed since then, right? >> a lot has. this is a company that's clearly transitioning from being a hypergrowth company. and, you know, we think it will be a much more modest-growth compa

pzena also happy to hear that carl icahn is apparently showing interest in the company. as we told you yesterday, icahn reportedly taking up to a 6% stake in dell and a poses the company going private. >>> kate kelly is here with a story and an interesting one with that. >> dan loeb is cooking with gas this year with 6% through february and one of his bigges s wins of late, agreed to be purchased by liberty global in a $16 billion deal. that deal was announced on february 5th sending virgin media shares up 18% on heavy volume. since then, however, virgin has been trading in a tight range. and even if you got in the cheapest point after february 5th, hard to see how you could have made a few more percentage points if you bought it later in the month. declined to comment on the fund's timing why it chose its position, but we knew from the last filing it didn't own virgin media on december 31st. the february letter lists it as one of the fund's biggest winners suggesting strongly that the chief bought shares before february 5th. traders tell me there was buzz about the deal

how about the pressure carl icahn is putting on transocean. today transocean announced a $2.24 dividend giving a 4.3% yield. i like that, but well below the $4 dividend icahn wants. we're not done with that. value that's been kept down by herbal life. amazing that the company lies down in the face of endless attempts by ackman to ultimately wreck the business. or get the government to wreck the business. >> the house of pain. >> icahn seems determined to take the stock higher single handedly out of disdain for the silver fox, my new name for bill ackman. who may be surprised to see boiled out of jc penney tonight. i have become a huge fan of this marissa meier and what she's doing with yahoo. nothing but a wholesale remake. a straight line tare since she came in, hitting another 52-week high today. but remember what brought her to the job. activism, it was the canny investor dan lobe who pressured into this action and that's how she came in to tame this undermanagement company and bring it back to oblivion. a relationship with yahoo, i have be

even carl icahn thought down at those levels and began accumulating a position, apparently.e at 40, it feels a lot like fair valued around there given that these two titans are fighting over it. so falls $5 i'd be a buyer. rises $5 i'd be a seller. >>> small and midcap companies are performing the market. if you're looking to play catch-up in these names, you're in luck. mark travis runs the capital fund that specializes in finding smaller companies trading on the cheap. welcome to "half," mark. good to see you again. >> thank you, scott. >> the runs have been well documented. we've been talking about the russell and some midcap names that are hitting all-time highs. what makes you think there's much more room to go here? >> well, i don't know, scott. 1% a week is a hard pace to maintain for 52 weeks. >> i know. >> i think -- i think david tepper could probably sell out of his positions and buy an intermediate corporate junk bond and compound out at 20 from here. so, you know, i think for us, being valuation-sensitive investors at intrepid capital funds, it's very hard, i wo

carl icahn is in this as well. i'm dubious of icahn's bid is noted greenmailer.long for the ride. put your money in. buy a chunk of stock. you basically profit off the fact that other more serious buyers, i don't think carl icahn is serious buyer of dell, although he has a lot of money, i just don't see it. i don't believe it. but dell's being financed by morgan stanley which is being financed by mitsubishi. their relationship with mitsubishi helped tremendously getting advisory role. in terms of rajaratnam, clearly the younger brother is being indicted. he is pleading not guilty. i note a little bit about this because i'm writing a book about this. one of the interesting fact people forget on this whole story there wouldn't have been a case against galleon and raj rajaratnam and insider trading 11 years, if he din tip off the sec. from what i understand. it will be in the book, book in 2007 the sec, sanjay, one. top investigators there was investigating his firm. began with a cherry-picking investigation. i don't believe sedna ran two or 300 million compared to

for blackstone and icahn, they have to find a way to out bid them.ant this? half of the profits come from pc sales, we know the pc is a dying breed, what are they going to do with this to keep it going? >> the focus of their strategy has been around the smb market. this provider, and we can see a future where cloud type delivery models make a ton of sense and nobody close to catching dell in that category. that is what we would do, we have to think they're a lot smarter than we are. tracy: so now let's talk about stockholders. if i owned the stock, do i sell it going into this? >> i probably have outside of $15. you probably want to start looking elsewhere with your money. tracy: if you are not in the stock, are you getting into it now? >> no. you have to be very sophisticated, willing to pay high volume leverage to make up for the 40-cent return your going to get here. tracy: this will not happen at the end of the day, are you buying into that? >> it puts the employee customer is in turmoil, there's a lot of risk to the company. it is his name on th

icahn wants more than that.carl took his public position. >> he's got a number of plates spinning. >> he does. we're trying to keep up with them all, carl. >> thanks a lot. >>> a check on energy and commodities with bertha coombs at the nymex. >> we still have nymex crude trading below $90 a barrel. that's a two-month low. we have seen this move out of oil, a lot of the net-longs, fund managers that may have gotten in late in the run-up now taking some profits, with the expectation that we may not see much more demand. certainly the picture out of china with the data being somewhat soft and now the sequester hitting here. no one really knows exactly how that's going to work out. it doesn't seem like that's going to boost demand. gasoline is really the biggest loser on the day on a percentage basis. it's one of the areas where net-longs had been in part because of refinery issues. but i was talking with a couple traders who think that maybe that run-up had been over and done. that's where we're seeing a lot of th

this is blackstone and carl icahn have sent in deals.bids exceeded the buyout bid from dell and silver lake management. investors might hear tr dell's board on both plans as early as today. michael dell currently owns a 15.6% stake in the company. >>> now, it's within four years and counting sings congress passed a budget. the senate has narrowly passed its first budget proposal over the weekend. $11 trillion in tax increase over the next ten years combined with spending cuts. the tax hikes combined with the cuts will start taking effect at the beginning of the month. >>> and further developments in the jpmorgan london wales case. the u.s. department of justice is in the advanced stages of an investigation into former traders in jp morgan chase's chief investment officers in london. the doj is looking into whether trade is endwaged in criminal misconduct and deliberately mislabeled certain complex missions. >>> and the sales of the latest smartphone for blackberry seems to be a buzzkill. it carried at at&t stores last week and will take

don't be carl icahn. think there are more similarities between the two that differences. >> one thing that is clear is that the hedge fund business has neve more public than it is right now in terms of these guys being out there, talking about their positions. willing to fight with otheres who are on the other side. in a very public way. henry said it best before the show. lead, follow, or just get out of the way. hey congress, that's the question for you right now. we are going to have a representative from california. doesn't matter if he is democrat or republican as far as we're concerned. today, he represents congress. his answers, there he is, are coming up next. but before the break, let's back and check out the dow. big swing to the upside as dow marchs ever closer to its all time closing high, 14,164. the number to watch. we'll be back. >>> welcome back. twitter sphere lighting pup. hey, seema. >> hey, scott. i'm at the social media desk. seems like americans are so bored with the word sequester t

the call announcing that carl icahn has offered, and blackstone has offered. both offers are better than dell's deal at $13.65 a share. and the shares have traded above that price since dell made his offer. and they were up more than 2.5% today. closing at $14.51. investors seemed to like that founder richard schultz will return as chairman emeritus and add two of his colleagues to the board. the move was seen as positive because schultz won't sell his stake in the company. shares almost 2% higher today. >> apple says it's bought wifi slam. this allows consumers to use hot spots on their phones. this will allow them to find a restaurant in an airport. apple report delay paid $20 million for the company. shares rose almost $2. apollo group which operates the university of phoenix and other for-profit educational institutions, reported a 79% drop due to lower enrollment. the stock was the biggest gainer in the s&p today, up more than 7%. coming up, we'll look at why some college graduates are having trouble with education debt and what some schools are doing abo

the latest is from carl icahn and blackstone.on we're posing, answers on the power rundown are up next. >> i am the king! >>> i have a market flash. monsanto charging higher, near session highs, the news monsanto and dupont declaring a cease-fire, the rivals agrees to a series of technology licensing agreement for seed trades. dupont will may monsanto 1.75 billion. monsanto agrees to toss a $1 billion jury verdict against dupont. analysts at jeffries lowering the estimates on dupont for this year and next. >>> let's see what's coming up on "street signs." it's another guy from the united kingdom. >> hello, tyler. we have a special edition of "street signs" today with all the crew. we're going to show you where house prices are up 17% on last year. we're going to take you to the most expensive penthouse that money can buy. we'll look at the cleaning up of tiger woods, in more ways that one. how can a kid age 17 create a business worth $30 million, and more importantly, are we too old to copy him? >> i sure hope not. we'll be watch

. >>> carl icahn has taken 50% stake in the struggling dell. >>> madison avenue appearing to be warmingto the idea of same-sex marriage. like amazon's paperweight pad. >>> the company that managed the skywalk at the grand canyon has filed for bankruptcy. not to worry the skywalk will remain open. >>> taco bell fans, the fast food chain announced that it would release its new cool ranch shells a day early. after making a run to the border, fans locked in to the facebook page complaining that their local restaurants didn't have them. >>> michael vick gets a new dog. >>> the sharks are swarming off of our coast. >>> and blake griffin wows them with a super dunk. >>> you're watching "first look" on abc. try running four.ning a restaurant is hard, fortunately we've got ink. it gives us 5x the rewards on our internet, phone charges and cable, plus at office supply stores. rewards we put right back into our business. this is the only thing we've ever wanted to do and ink helps us do it. make your mark with ink from chase. in the middle of the night it can be frustrating. it's hard to turn off

investor carl icahn is offering $15 a share. he holds a 4.6% stake in the company. private equity fund blackstone group is offering $14.25 a share. michael dell initially offered $13.65 per share to go private. dell closed monday at $14.51 best buy's founder is back on the board. richard schulze will return to best buy as chairman emeritus. schulze says he is coming back to "support the initiatives" of current ceo hubert joly. joly took over last july after schulze left the company. since then, schulze missed a window to purchase best buy, and, under joly's leadership, the company has seen positive results. two silicon valley startups are headed for the big-time. yahoo has just acquired the mobile app "summly," which provides users with summaries of news stories, breaking them down to just 400 words. summly's founder is only 17 years old, and reportedly $30 million richer after selling his tech company. meanwhile, apple has bought wifi-slam. that app markets itself as an "indoor gps." the wall street journal says apple spent about $20 million on the deal. t-mobile i

competeding bids from blackstone group and billionaire carl icahn are being evaluated. if either is chosen, mr. dell could be out of a job. >>> the biggest lottery payout in new jersey history. the one winning ticket to the $338 million powerball jackpot was sold in the garden state. but as of right now, the winner has not yet come forward. >>> up in the sky, it's a bird, it's a plane, no silly, it's good year's newest blimp. look closely. the three new iconic blimps being built in ohio are getting a high-tech makeover including an interior skeleton, three engines instead of two and rotating props will allow it to take off and land like helicopters. it can also hover longer at sporting events. cool. >>> speaking of iconic, this diamond and sapphire ring was presented by napoleon bonaparte to his young fiancee, josephine. at the time it was valued at $20,000. over the weekend that ring sold for a whopping $949,000. >>> london has known theater for hundreds of years. starting with successful william shakespeare. today the most successful have the names of matt stone and t

carl icahn disclosed a sexual stake in dell and said he opposed the deal. steve weiss, the stock is up 1.25% today. >> this is interesting. we're going to get a final look at -- if carl icahn has a look am the books and decides to sell his position after that period expires, you know the jig's up. i think right now you still hold on, as i said on friday. the risk/reward is tolerable at this point. i don't think any other buyers are going to come in. you're playing for dell to increase. at the end of the day, it's a failing pc business. i would not own it from a fundamental standpoint. >> joe, take a look at citi. the shares up .25%. the shares upgraded from a buy to neutral today. >> on the back of it, you get a new fees high. this is a stock that heads towards $50. it's all about a restructuring process that the ceo has laid out plans. citi holding will be wound down much more efficiently and much more faster than the street anticipates. plenty of upside potential still in a name like citi. >> dr. "j," how about best buy? a stock we talk about a lot. getti

i mean, before you had a 13.5% floor and two or three other bidders, icahn coming in, but you know what's all changed now. if you're in the stock how you trade it you wait. see if it comes back even more. maybe it gets under 14 bucks, then you know what your risk reward is. 13.5, you're roughly stopped out. >> nike earnings are on deck after the bell. we're watching that closely. lately the stock has been enjoying positive momentum with shares rising 11% over the last six months. is it time to fade the rally ahead of the rally or earn more? we're debate it. jon is our bull and simon the bear doc? >> lebron james, i don't know if i need to say a lot more than that, scott, but lebron james, 24-game win streak, down 27 points in the third quarter last night. everybody is watching this, and that plays to nike's strength which are these athletes. number two, margins are improving. number three, footlocker expanding stores. yes, they closed some underperformers, but they have remodeled a bunch of stores and a sign that nike and other athletic shoe companies will do very well and lastly you ta

competing bids from blackstone group and billionaire carl icahn are being evaluated.er is chosen, mr. dell could be out of a job. >>> it will be the biggest lottery payout in new jersey history, folks. the one winning ticket to the $338 million powerball jackpot was sold in the garden state. unfortunately i didn't win that. as of now the winner has not come forward yet. >>> up in the sky, it's a bird, it's a plane, no, silly, it's goodyear's newest blimp. can't you see that? they are getting a high tech makeover including a an interior skeleton. three engines instead of two and rotating props will allow it to take off and land like helicopters. it can also hover longer at sporting events. so get your cameras out. >>> speaking of iconic, this diamond and sapphire ring was presented by no pole yon bone part to his young fiancee josephine. at the time it was valued at $20,000 at the time. but over the weekend the ring sold for a whopping $949,000. and, all right, london has known theater for hundreds and hundreds of years starting with the successful william shakespeare.

icahn of $15, you could say that perhaps the original bid was too low. >> you know, john, dell was once considered one of these tech darlings that could do no wrong, and it seems like the issue here, whether it's a private company or a public company, the business model is out of date. how do they survive and how do they make that changeover? >> well, they got so big and so popular making pcs more efficiently than anybody could at the time and what happened is everybody else got better at making pcs ask now pcs are less popular than they used to be as people use smartphones and tablets. so what they need to do is one of two things. either figure out how to be a great mobile player and they tried a couple of times and have them figure it out. they're doing a bit better at that, but this big pc weight is just dragging them. >> that was one of the big issues here, right? that's part of it, but they were depending on software from most or from google and they were depending on other companies to figure out how to put the objects and products together and they couldn't compete as much with a

retailer confirming it received separate buyout offers from carl icahn. determined both bids can reasonably be expected to result in superior proposals from $13.65 a share offer by michael dell and silver lake partners. his committee intends to work diligently with all potential acquirers to have the best possible outcome for dell shareholders. we've seen dell trade above the dell offer for quite some time and we're all thinking what's coming out of the woodwork? >> remember dell was at to 9 before this pdz, why? because the fundamentals were faltering and the pc business had slowed and the idea that they'd moved out of areas of the tech food chain seemed to be not working and now there are three buyers. again, i come back and i want to pinch myself. how could everything be so darn good? i mean, really. it's america. it's almost like -- i remember maybe 2007 when you would wake up and you'd see europe down and you'd think we'll have such a bad day, such a bummer and there's always tomorrow. now europe, so what? there are buyers of dell. i would have sold

prosecute this i fear them he's afraid of the of the hedge fund he's afraid of car like a lot when if carl icahn were in the same room with eric holder eric holder would crawl under the desk and say please karl don't hurt me. just to charles i don't have any power please don't hurt me isn't this kind of sickening i mean you're you're with the american banker magazine this isn't banking this is tyranny mark there's definitely a double standard you know i think i you know we did a story a few weeks ago after. around the time that holder made that shocking admission if you look at a mom and pop check casher out in l.a. they had the book thrown at her because she failed to file all the correct suspicious activity reports and c.t.r. you know there was a article few months ago when the h.s.b.c. thing came out about how you know as a somali immigrant sends you know not even two thousand dollars back home to to a charity that's on the. you know the terror suspected terror list and she gets the book thrown at her yet h.s.b.c. gets relatively light treatment that is unfair a lot of light treatment for it