icahn today. i tweeted out a little while ago that the translation of that is, simply, "gulp." >> and to think this was one time a target of shorts. you had david einhorn in there last year. >> exactly. >> shorting the stock. and now to think carl icahn is calling it undervalued. certainly one to watch today. >> much more coming up over the next couple of hours, i'm sure. also, it's called the hindenburg, and it has the trading floor buzzing, because the omen is back in play right now. so even as stocks are rebounding today, you can find out why some are predicting a stock market disaster is looming. we will look carefully at that coming up a little bit here. >>> and one merger is grounded. look at the stocks of american airlines and u.s. air, both depending on a deal to go through. american airlines down 48%. u.s. air down 11.5%. the proposed merger, the department of justice says consumers would be hurt and is suing to block that deal. so far, only investors are getting crushed today. we'll talk

we've got those two tweets from carl icahn.istening for a statement directly from apple if there is one. it's an interesting interplay between one of the most valuable companies in the world and the most visible investor and certainly one of the most successful. >> john, i'm also getting. this is breaking news. we do have a statement from apple and that is for those viewing here, tim cook, the ceo of apple did have a very positive conversation with mr. icahn today and he said they plan to speak again shortly so we'll wait and see what they all have to say. >> thanks, jon. >> there has actually been a real strong rally in european markets. new 52-week highs today for spain, netherlands, france, and romania. ireland is the best performing european market year to date so the question is has europe finally turned the corner, and is now the time to put the money back into europe? joining us now is the five-sta star monday manager from franklin adviser. philippe, great to have you with us today. >> thank. >> you people have been focu

carl icahn making a move on apple. yes, apple. can he buy enough stock to make waves in a company of that size? we have more on that story coming up here. >>> it was once of the world's biggest company, and now one of the biggest corporators is about to get installed. >>> and reality tv. wait until you hear what "pawn stars" co-host rick harrison is driving his show's popularity. stick around. ♪ [ cows moo ] [ sizzling ] more rain... [ thunder rumbles ] ♪ [ male announcer ] when the world moves... futures move first. learn futures from experienced pros with dedicated chats and daily live webinars. and trade with papermoney to test-drive the market. ♪ all on thinkorswim. from td ameritrade. all on thinkorswim. lecoca-cola is partneringg. with nashville parent and charlotte parent magazines, along with the mayors of those cities, in the fit family challenge. a community wide program that offers free classes that inspire families to get out, enjoy moving together, and even track their activity online. it's part of our goal to inspire

declared bankruptcy in a desperate attempt to push icahn out of the company icahn resigned but under the agreement he could sell discounted tickets in return for the assets he had invested in the company lucky him because he found an internet loophole that allowed him to sell way more tickets than intended he sold so many discounted tickets t.w.a. this kind of t.w.a. ticket online that it affected the price of all flights american airlines later estimated that his discounted ticket sales cost t.w.a. one hundred million dollars a year and drove the company back into bankruptcy although t.w.a. suffered severe financial trouble icahn made out what they have to profit to invest and take over a series of others he spent time on the board of yahoo after purchasing fifty million shares he resigned once it was clear he would never accomplish its goal of selling the company to microsoft one of his recent investment debacle is with the computer maker day he is the number two investor on the company of the company and he holds about nine percent of it shares icon is currently suing a broader at

let's start with carl icahn. he's taking a large position in apple and says the stock could be worth as much as $700 a share. if ceo tim cook pushed for a larger stock buyback. in the tweet yesterday, icahn announced he has spoken to the apple boss, described the conversation as, quote, nice and said they plan to speak again shortly. in an interview in the wall street journal, icahn said he wants the buyback to happen right away while the shares are cheap. >> if you're tim cook or any ceo, usually you like to hear when new shareholders buy your stock, but when you hear carl icahn is buying your stock and then wants to have a teletone call with you, which apparently he had, how do you feel before that call -- after that. how do you deal with the phone call? >> it sounds like carl is walking into this one a little bit more of a lighter touch than some of the others we have seen in the past. he's walking in and saying i would like to see a stock buyback. from what i hear -- from what i hear, just from what i hear, o

why is the icahn call amiable? it's certainly not amiable with michael denton. >> that's a very different st y story. >> they were criticizing and going back and forth. >> southeastern has significant influence and has been a nasty battle. to be -- take a $3 billion position there and you own a lot of the company. here, take a billion and a half position and you hardly own any of it. >> when you're tim cook, also, when you get that call from carl, at first you're like, oh no, and then you're like, i wonder what is this guy's motive going to be? so, yeah, the first conversation is, amiable. >> right. >> but if carl applies the pressure that he's been known to put on these types of situations, where does it go from here? >> one of the things that we talked about on "squawk" going back and forth, what icahn really know about apple? does he know about apple, does he know about netflix, does he know about -- >> i would argue that -- and i have followed carl for a long time, talked to him for many years. i would agree wi

some investors are saying icahn is going to derail the company with his investment tactics carl icahn is telling the courts michael is not acting in the best interest of the shareholders. are icahn also gone into a very public debate with a hedge fund manager ackman over herbalife investments ackerman told c m b c this is not an honest guy not a guy who keeps his word and he takes advantage of the little guy. despite burning a few bridges along the way carl icahn is viewed on wall street as one of the most effective and astute investors true to form he starts out small but as the middles on apple we can be assured the board of directors is watching him like a hawk. or two correspondent megan lopez welcome to the daily drone thing here finally going to do we do a bit we're going to talk about drills because you recently went to a conference and what did you find out there i found out that the economy for for you of these is not just growing it's booming in a major way if you if you would be a man dominated vehicles so that's the nice way of saying it and that of people actually at the

declared bankruptcy in a desperate attempt to push icahn out of the company icahn resigned but under the agreement he could sell discounted tickets in return for the assets he had invested in the company lucky him because he found an internet loophole that allowed him to sell way more tickets than intended he sold so many discounted tickets t.w.a. discounted t.w.a. tickets online that it affected the price of all flights american airlines later estimated that his discounted ticket sales cost t.w.a. one hundred million dollars a year and drove the company back into bankruptcy although t.w.a. suffered severe financial trouble icahn made out what they have to profit to invest and take over a series of others he spent time on the board of yahoo after purchasing fifty million shares he resigned once it was clear he would never accomplish its goal of selling the company to microsoft one of his recent investment debacle is with the computer maker dell he is the number two investor on the company of the company and he holds about nine percent of it shares icon is currently suing a broader at

some investors are saying icahn is going to derail the company with his investment tactics carl icahn is telling the courts michael is not acting in the best interest of the shareholders. are icahn also gone into a very public debate with a hedge fund manager ackman over herbalife investments ackerman told c m b c this is not an honest guy not a guy who keeps his word and he takes advantage of a little. despite burning a few bridges along the way carl icahn is viewed on wall street as one of the most effective and astute investors true to form he starts out small but as the nipples on the apple we can be assured the board of directors is watching him like a hawk. or two correspondent megan lopez welcome to the daily drone thing here finally going to do we do a bit we're going to talk about drills because you recently went to a conference and what did you find out there i found out that the economy for for you a visa is not just growing it's booming in a major way and you have you would be a man automated vehicles so that's the nice way of saying it and that people actually at the conf

reports say icahn's investment is worth more than a billion dollars.friendly chat with cook included a call to increase the company's stock buyback program. he says apple has the ability to do a $150 billion buyback now, by borrowing funds at 3%. apple confirms the conversation took place in april. apple bowed to pressure agreeing to return $100 billion to shareholders by the end of 2015. it is boosting its dividend by 15%, raising its share buyback program sixfold to $60 billion, one of the largest of its kind. icahn tells cnbc a large stock buyback is a no brainer for apple, and would enhance the stock tremendously. he believes it could be worth as much as $700 a share. apple closed at a seven-month high on tuesday and gained more than $10 billion in market cap. it is up about 26% from its 52-week low on april 19th. but still down 31% from its all time high of 7.05 that it hit last september. he had a magic touch of late of his investments. nearly all of his holdings are up, including netflix, up 186%. herbal life, up 198%. >> you got to wonder, this

icahn today. ha-ha, they took the call.ou better always take icahn's telephone call, but he told us just before the top of the hour we're in when it comes to apple says it's extremely undervalued, and he said, liz, a bigger stock bye back is something we would expect. now, that's not exactly something we have not heard before, but we heard other activists investors ask for the exact same thing when they were not doing something like that like david einhorn, but there's real activity here. i don't know if we can look at the quote on apple. i can pull it up as well, but the stock moved 4% up immediately, up 4.5% now. there's that. there's jcpenney, which has a very interesting, all be it gossip thread of a connection here because bill ackman battles with icahn, but we have more on the battle to save jcpenney. fox business also just spoke with former jcpenney ceo, and this is the guy that was asked by bill, would you come back and replace mike illman, the guy there now trying to fix the company, and hi said, come back, and thi

icahn blew that away. a lot of these things start to happen as it's really happening before people tweet. you never know. >> let's move on to our next trade. we are midway through august and have yet to see a market losing strike longer than three days. for more let's bring in steve white. good to see you. you do expect some sort of a slowdown in this rally we've been seeing. >> i think it's pretty clear we had maybe six years since world war ii where returns have been 28% or grow inging at a 14% first half t. odds of this are against it. and there are some signs of come play sennsy. i think we're close to record highs. we think this year earnings for the s&p 500 will be 30% higher where they were in 2007. we're right here about 7% higher than where we were in 2007 level, so for all of the talk of qe impact, valuation has fallen in the age of qe and so, aside from short-term issues, you know, we would allocate equities clearly over fixed income for year ahead. even if less returns were not as robust. >> we

the market reaction to icahn was strong. shares spiking around the time of the tweet, you can see it on the chart there 2:21 eastern time adding $10 billion worth of market value from that point until closing at 4:00 p.m. shares ending up 5%, one of the best days in months but look here at the spike in value, with just about 10 million shares trading in the final hour alone. >>> now a letter from another activist investor group had a bigger impact on shares of men's clothing retailer. beacon light capital that owns more than 1% of the chain wrote the retailer says shares are under valued and calling for a stock buy back. it also wants changes to the bored of directors. investors like what they heard. shares of joseph a banks surged 12.5%. >>> bill acre man is out at j.c. penney and says although he's leaving the bored. it's a win for the struggling retailer because he was able to raise concerns about troubles at the chain. so what does it all mean for penny's future? courtney regan has more now. >> reporter: it's been a roug

icahn enterprises. publicly-traded. we'll work on that.nt, sure we'll have much more on what billionaire carl icahn has just said. he said he would absolutely out of michael dell if he wins his own bat well dell the company. he just told fox business in an exclusive interview. so much more about herbalife as well. we'll talk about it. david: also we'll bring you the very latest on disney the earnings are out. what is the future of this company? how do they come back from the loss from the lone ranger? 100 million-dollar loss. we'll talk stratstrategy about disney as well in the next half hour. thing, but it doesn't cover everything. only about 80% of your part b medical expenses. the rest is up to you. so consider an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all standardized medicare supplement plans, they pick up some of what medicare doesn't pay. and sacall today to requests of dollara free decision guidests. to help you better understand what medicare is all about. and which aarp medica

carl icahn is the one who posts it. the billionaire investor used social media, twitter to announce he's taking a big position in apple, the stock soors. >>> so much for the affordable part of the affordable health care act. the administration is postponing another big part of the law. this time it's the cap of out of pocket costs for consumers. all those stories and more coming up on the "the kudlow report," right now. >>> good evening. this is "the kudlow report." larry is off tonight. airline stocks plunging today. the u.s. government in several states suing to block the merger between u.s. airways and american airlines. phil lebeau joins us now with the details. >> reporter: this is all about whether or not you believe the merger between u.s. airways and american airlines hurts competition around the country. the justice department says that is clearly what's going on if these two airlines merge. a number of routes where there is not enough competition. we'll talk about one specific airport in particular. the lawsui

and base of money with gold silver might maloney and a bit plus billionaire activist investor carl icahn is at it again this time he is snapping up apple's rather than nutrition supplements now he's taken a position in the tech company and is pressing for a greater return of cash to shareholders that would be either on of course so i don't plan is for one hundred fifty billion dollars or actually hundred fifty billion in shares of apple stock buybacks however most of the company's cash is held overseas so remember that little issue looks like apple's ira's tax scheme might. so tasty to the dietary supplement king i profiled the mega icon later in the show and here is what's in your prime interest. the history of money and wealth is a tale prone to repetition earlier i spoke with mike maloney founder of gold silver dot com and he recently created a video series the hidden secrets of money and this is all to explain monetary history wealth cycles and the financial crisis so here's a clip. but you see where we've come from you can get a much clearer understanding of how the seven stages of

, of carl icahn. getting a nice boost today. >> it is getting a nice boost today, but of course the discussion has been about icahn who bought additional four million shares of dell and liz will hit all of that in the interview. we're also watching disney. disney earnings come out after the closing bell and it's going to be big. all day long disney has been up a little over 1%. year-to-date up 34%. see if they can meet on the revenue line. boy, that lone ranger movie was a monster, not in a good sense like monster university. liz: did tonto trample on disney numbers. may transfer numbers to the fourth quarter. you don't know yet. >> right. liz: jcpenney hit as 12 1/2-year low. questions about the cfo he is not stepping down. >> tough time for jcpenney. new, 12-year low. the stock was down all day. year-to-date they're down 32%. [closing bell ringing] jcpenney may go the way of famous cleveland department stores that are kaput, liz. david: may we end up with a double-digit loss than a triple digit. dou

the reason, of course, is because they put forth this bid of 13.75 per share, icahn, carl icahn, who owns a big stake in the company be, wants to up that share, and, mark sebastian, the point is if the number was bad, it might have been better for the shares because it would have made carl icahn's point. >> yeah, you know, it's really interesting when bad news is good news and vice versa. i think this just goes perfectly with this big soap opera we've been dealing with between billionaires squabbling over billions of dollars. so, yeah, you know, i think this points toward maybe that dell deal breaking up and, you know, i kind of -- you know, this dell process could be a lot longer. and the whole rebirth of the company may have to take place in the public eye. cheryl: they're doing it again, they're bringing up the earnings earlier than expected. you can read into that or you can't, whatever you want to say here, but also not giving any guidance because of the deal talks, again, trying to take the company private, michael dell certainly trying to do that now, but not giving any guidan

under 500 now, but it was up most of the day thanks to one man, carl icahn.hat right. $498.30. if it closes above $500, that would be the first time since january 23. not bad. liz: we are watching cisco. finally picked up, said report numbers in just a few minutes, the stock trading up, nicole. what will you be looking for? >> the types of companies whether it is the government, the telecom industry that says they are using cisco data and things like that. that stock is up heading into the close. david: airlines down again today over concerns of the government squashing the deal between american and u.s. air. what is the latest? >> jpmorgan came out and downgraded a few of them. some reasons they are down again today. david: the bells are ringing, they are still cheering on wall street. iyou think how the market has performed since the beginning of this year. only six times in the past 40 years, by the way the market has performed as well as it has over the past six months. a down day once in a while is not necessarily a bad thing. liz: time for the top headl

here we go, carl icahn in a billion dollar stake.is not a word you usually associate with carl icahn one way or the other. >>> all right. american airlines is trying to work its way through bankruptcy. it took a huge hit today. it was a pink slip stock but down 45% as news hit of the justice department's attempt to block the proposed merger with us air. us air stock was down as well as all the airlines. so why is the merger being stopped and how will it impact the u.s. airline industry? so far it hasn't impacted its well. one of the attorneys general associated with lawsuit, air tone attorney general, tom horn. general torn, when you look at what happened to airline stocks are you concerned you're going in a direction that would be very bad for an entire industry? >> no. this merger would reduce the number of major carriers from five to four. those carriers would carry 80% of the traffic. that is pretty classic oligopoly where prices will be higher for consumers. part of our jobs as attorneys general to administer antitrust laws and

carl icahn on twitter making news. say, we currently have a large position, apple, we believe the company to be extremely undervalued. he said he spoke to tim cook today and there's more to come. >> you know, it was interesting about that pop in shares of apple is that icahn enterprises also got a pop on the news, up 3% or so, and heavy volume based on this. would you invest? >> they have gone nowhere. carl is making money -- >> minting it. >> this is one of the first times that he's announced something and his underlying stock has responded to it. at this point, purely technically, it looks like a breakout, but unless you're in with carl, it's hard to invest. >> when you own 88% of the company, as a corporate governance thing -- for an august day, there was so much going on, and activism is right at the top of the list. >> it's amazing, with jcpenny, they're falling on their face with bill ackman leading the way, maybe a boost from the news. we know it's a mess, problems on the balance sheet. but take out the antagoni

icahn tells us when he sells? >> absolutely. just the whole try of following what a company's announcements, speed desk that put up information seconds or so before the information could be traded on, very lucrative to traders if they have the slightest edge. for the time being it's troubling because anyone who heard that tweet or saw that tweet, even milliseconds before anyone else, had a major edge. >> bethany, let's talk about the performance of some of these activist investors. it's not always great. they don't hit home runs every time out. even mr. icahn took a real beating in blockbuster some years ago. >> right. that's what i mean by don't follow blindly because, yes, these guys are smart and, yes, they work hard and have more access to information than you can ever have but that doesn't mean you are always right. there's any number of examples where the big guys haven't gotten it right. in addition, they may have a deal you can't get. look at warren buffett's investments in bank of america and goldman sachs. he cut deals

icahn's arguments and went in his favor. david: well let's talk about mr. icahn's argument.ng them being as you just said, management is key to the success of the company and he does not want michael dell to be running the company. what do you think? >> oh i think that, we've been very clear on this one for a long period of time that we favored mr. icahn's approach rather than mr. dell's approach. david: why? >> i don't have anything against michael dell with you if you read the letter that we put out or press release, if you look at the last several years since michael's come back in and fully a ceo the capital allocation decisions have been less than stellar. i think if you look at the track record of mr. icahn versus dell over that period of time, mr. icahn's track record is far superior to mr. dell. liz: so that leads to the next question, what do you think is going to happen? obviously he is not getting your votes for your 14 plus million shares? >> like i said, it hinges on the court, the way that the arbs react to it today, one would feel they think this in effect pus

icahn. shareholders were scheduled to vote this morning on a lower offer to buy the company for 1,365 per share and now shareholders who only stock as of august 13th will be eligible to vote at a september 12th special meeting on the new deal. >> brinkler international bigger on the week and the gains came own though the company missed on revenues. >> if there's no deal in about three and a half house, cbs and showtime may be turned off to the millions of people who subscribe to twc, time warner cable, and the bear so many people are talking about today. see what this i go's been up to when "power lunch" rolls on. these are smart animals there. golden opportunity sales event and choose from one of five lexus hybrids that's right for you, including the lexus es and ct hybrids. ♪ this is the pursuit of perfection. [ male announcer ] come to the golden opportunity sales event to experience the precision handling of the lexus performance vehicles, including the gs and all-new is. ♪ this is the p

yesterday, of course, carl icahn revealing he had a large stake in the company.e learned today that leon cooperman's omega advisors also took a stake in apple. last quarter. not everyone, though, is an apple fan, though. in 13-f, we heard julia robertson's tiger management cut its stake in the company. maria, back to you. >> all right, josh, thank you very much. >>> the tweet heard around the global markets yesterday was from carl icahn. taking to twitter to say he has taken a big position in apple. the stock started its climb higher and continued that climb today. as you can see, $498.50. it did cross 500 earlier today, but closed below that. the securities and exchange commission says it is okay to use social media for disclosing material information, but does this type of hyped disclosure take it too far? ron insana says it's opening a pandora's box and could lead to market manipulation, but dave says it's the new reality of 2013. they join me now along with peter costa of empire executions to get on-the-ground perspective. peter, i want to kick it off with yo

take carl out of it, carl icahn out of it.d manager, as we first reported on fox business, a series of idea meetings. he had meetings with other potential long investors before he went, this thing -- dennis: sounds like orchestration and manipulation to me, charlie. no wonder ackman is complaining. >> you said it. you said what bill would say. dennis: there you go. lori: remind everybody that we will hear from carl icahn, four p.m. eastern. he will speak exclusively to liz claman. four p.m. eastern right here on the fox business network. dennis: go to stocks now, at the new york stock exchange. jason weisberg is there at floor. jason, how is it looking? >> looks pretty grim i guess on a relative basis though it is really kind of painless. this is a slow bleed. i think it is due to lack of interest. not because there is real sell interest. i think most people that really want to play are waiting and keeping their powder dry for, a lot more volume, rather than volatility. dennis: all right. i ain't afraid. don't you be afraid ei

carl icahn is raising his stake in dell. the sec says the billionaire investor now owns close to 9% of the pc company. icahn reportedly bought an additional 4 million shares last week after suing dell over delaying its shareholder meeting. dell and icahn are locked in a battle over the company. a shareholder vote on whether to take the company private is set for september 12th. sony's ceo has formally rejected an offer from hedge fund manager daniel loeb to spin off the company's entertainment division. sony's ceo says the entertainment businesses is "critical to corporate strategy." he adds that ipo subsidiaries tend to have a poor record. sony pictures most recently released "the smurfs 2." stocks on a hot streak: solid earnings gave a boost to stocks this week. michael kors is trading higher following this week's earnings report that revealed sales in north america are up 46%. cvs caremark also topped expectations. it says sales of new generic drugs helped profits. and molsen coors stock is buzzing. beer sales were up as

this is thanks in part to carl icahn's big bet on the stock.you didn't know, yesterday, carl icahn announced in this middle of the day on twitter he was getting activist in it. and he's got two days of bang out of this for apple. it's gone up dramatically. >> an additional $71 million in his pocket just because of -- just because of the move yesterday in his pocket alone. never mind the $17 billion it added to the market cap of apple yesterday with all of that excitement. >> it's a huge thing? >> well, it's a huge thing. partly because it was clarified today, you know, the conversation about if this is the time for apple to do it, they can finance this share repurchase at low rates is what they got now and they can pay this back to shareholders and, boom, right, someone like carl icahn gets in and then he says, you know, by the way, i'm on the phone with tim cook and i happen to have a big position, i'm making a big bet. >> let me ask you this, though, how much do you think -- do you think it's possible at this point -- i understand it's not ju

icahn put out there. >> oh, sure.oes this have the ability to sustain itself going over the next several months? or do you think this might be a quick jump up and then we come back below $500 a share? >> good question again. i'm a little bit worried about the stock moving so far so fast. this is a stock that, early june was trading below 400. actually, troughed at about 385. adam: i think it was april 29th around. >> so you have a situation where, yes, we do expect first, second week of sent to have a new iphone announcement. there will be some other innovations ex-iphone coming. maybe that sustains on a more fundamental basis beside what carl icahn is doing which isn't really a fundamental shift in the company but i'm hoping that one leads to the other. so and when icahn steps off the curb, if he does, then you have a situation where there is some better fundamental news, which frankly we haven't had in about a year. adam: that's a good point. paul meeks, we'll follow your tweets on apple. there are people that belie

black rock took a look and icahn. >> everybody took a look and most of them with the exception of icahnassed. >> i think the recapitalization in carl icahn's ability to bring in a good management team is very different than anyone else can bring to the table. he wants to remove michael dell. >> you don't think dell is a good manager. as the founder, could he be someone that comes back in and breathes life into the company? >> he took the company public in 1988 at nine cents. stock has been phenomenal. the last five years down 50%. so i think the argument would be made, you know, sometimes companies change and mature and we have to move beyond our founder. >> today, if michael dell were to push his bid higher, let's say he's at 13.75 now, goes to 13.85, 13.90 even, would you be okay? at what point would you be okay with the rules changing? that's what's on the table right now. >> a lot of things on the table. that's one of them. why are we changing the rules which the game is over. that's the argument that carl icahn is making. >> different question. >> if the bid went to 13.85, would yo

icahn. johnson, anchor of bloomberg west says while the investment sounds big, it's still very small. >> he has less than 1% even probably a quarter of a percentage point worth of apple shares. but it's a loud quarter of a percentage point. >> reporter: the move as jittery investors continue to worry about whether apple can innovate without steve jobs. yesterday, on "cbs this morning," oracle ceo larry ellison called the pioneer irreplaceable. >> what happened to apple without steve? >> we already know. we conducted the experiment. it's been done. we saw apple with steve jobs. we saw apple without steve jobs. we saw apple with steve jobs. now we're going to see apple without steve jobs. >> reporter: now in a different way, wall street will see apple with carl icahn. carl icahn can sometimes change the company in which he makes an investment. investors, seeing that investment, think he might actually change apple in some important ways. >> reporter: this is not all aye icahn has on his plate.

a company called ibp, icahn enterprises. emboldened the carl icahn joined us just a bit of talk about his increased stake and del. the icahn is looking for a management change. taken a near 10% stake in the company. we asked if he planned on buying any more shares and listen to what he said. >> i think it is a bit inaccurate to say that we are not at the ceiling now. at think we are, for different reasons. you know, my attorneys calculated it. i think -- liz: so you are done. >> for now. liz: for now because he said he would only take up to a 10% stake no matter how you slice it . so how did the diversified holding company of icahn, which is publicly traded, do it? here is a look and how it has done since the year 2000. with dividends reinvested, it is of more than 1,000 percent compared to the s&p 500, which is 50%. ibp net asset value of about 205 percent year-to-date, but sources close i'm telling me today that his investment portfolio specifically during the quarter took off in july, gaining major speed and. the word use

icahn himself make in the last 24 hours?ca-cola goes on the offense for critics of one of the biggest out of lines, this time it is not just the sugary drink. whether the campaign will work and what investors make of it when we come back. this man is about to be the millionth customer. would you mind ifi go ahead? instead we had someone go ahead of him and win fiy thousand dollars. congratulations you are our one millionth customer. nobody likes to miss out. that's why ally treats all their customers the same. whether you're the first or the millionth. if your bank doesn't think you're special anymore, you need an ally. ally bank. your money needs an ally. trust your instincts to make the call. to treat my low testosterone, my doctor and i went with axiron, the only underarm low t treatment. axiron can restore t levels to normal in about 2 weeks in most men. axiron is not for use in women or anyone yoger than 18 or men with prostate or breast cancer. women, especially those o are or who may become pregnant and children shoul

on tuesday, apple shares shot up 5% after billionaire carl icahn tweeted he has a large stake in the iphone maker. the freedom to tweet is a game changer in the business world. as julia borston tells us with that freedom comes risks for investors. >> twitter which has quickly become the world's breaking news feed is shaking up the business of wall stroort aeet and invest. they take to twitter to talk stocks, sometimes moving markets. carl icahn said he may use twitter to release information before taking to the communications tool to tweet the position in apple sending the stock soaring. >> twitter is a new player in the financial market. it's being fed into the high-frequency traders who dominate trading volume now. >> in april, they said it's okay for companies to release information on twitter and facebook, as long as they warn investors where to look. weighing in after netflix' ceo said the viewing topped 1 billion hours. the question is what does that mean for the security of investor security accounts. from burger king and jaep to the associated press has been hacked. the passw

also, also worth remembering that carpall icahn is investing his legacy and position as carl icahn and what he's talking about in the moment. if you're a retail investor, be less concerned about taking care of carl, who is taking care of himself and be more concerned in the under lying investment. i think his thesis makes a certain sense but he's asking the company to do something he knows full well that it basically can't and definitely won't do and folks should factor that in, even though carl is widely respected and deservely so, as a sort of leader in the space. >> max, a lot of people are counting on new products coming out of apple, most notably in september, a new iphone, if it's not a wow factor, then what happens to apple stock after that? >> look, i absolute agree with you. it's an excellent point. a ton of pressure on the new ipad that's coming and another iphone 5 s and more affordable version. i'll look at ils 7, the new mobile operating system running on newer divisions pretty quickly and the phone. we need to see two things hit. we need to see some kind of verbiage about

not sure how much stock icahn has.hatever is it, it's enough to get the company's ceo to take your phone calls. now, when people like icahn buy shares in companies like apple it's for one of two reasons. one they think the stock is undervalued or, two, they think they can make some change that will force that stock to go higher. in apple's case it would appear he wants an toll borrow money to buy back more of its stock which would increase the value of shareholders' share holdings including mr. icahn's. >>> a stock to watch this morning, macy's trades under the symbol m. sales have slowed and it will miss wall street'sing pecktations for profits. the quarter that they're talking about was the start of august. i don't think we're seeing an issue in back-to-school shopping, not there. i think we'll see that next quarter. >>> speaking of back to school, the parent internet viewer earlier. here's the iphone version of the seam thing. parents in san jose use to keep tabs on their kids. san jose, as you mentioned, back to sc

and so does karl icahn.s morning i praised icahn's nemesis ackman on "squawk on the street" for being a cool looking guy and i said i was bummed he wasn't following me on twitter. icahn reached out to me that and he said he'd follow me on twitter. i do want to correct karl, he pointed this out to me about his appearance. karl, you're right. you're every bit as good looking as ackman if not better, especially for your age. there. dan in washington. >> caller: hey, jim. i have been calling you since 1999. i own mastercard thanks to you. i've done homework on fusion io. i don't have a position yet. but i read they turned $42 million in cash and they're one of the leading atomic right cloud computing companies. what are your thoughts? >> this is too speculative for me. i have great technology companies that are selling at low levels and i do not need to fool around with fio. it's too speculative. i have companies at 10, 11 or 12 times earning that are very good. let's go to marty in texas. >> caller: a big boo-y

what does it all mean for carl icahn?erle who said this is part of carl icahn's strategy because he loves it essentially mug you in court. >> he doesn't have any investments anymore. he is gambling with his own wealth. he comes in with an aggressive position, he threatens folks if they don't go his way he wilburry them in litigation and become as big pain in the butt. invariably someone figures out a way to buy him off and goes away and mugs somebody else. >> pretty close to the share price that mr. icahn thought dell was truly valued out. bottom line, some of the holdouts, franklin mutual, big mutual fund manager will vote in favor of this deal. they originally had been against it. and they hold millions of shares of dell, roughly 60 billion under management at their hedge funds or mutual funds. they're in favor of the deal. back to you. ashley: the fight goes on, adam shapiro in texas. thank you very much. tracy: no, the war goes on you mean according to icahn. so dramatic. ashley: that's what he does. tracy: it is time

that came on the heels of the apple's news with icahn.at kind of pent up demand comes after that. >> there are a lot of weekly options, herb, that expire tomorrow and there is people that may want out of the positions today and if they are cancelled, they need to be cancelled. nasdaq hasn't addressed how they will handle the trades. >> will the entire nasdaq open by the end of the day? can they do that? >> let's take a break. herb, we got paul, we got efb here. we will continue the story. 3:25 full market trays. nasdaq has a lot of questions to answer. agreed? >> oh, yeah. >> we will try to answer them for you when we return right after this breaking news day. big day at cnbc. we're back right after this. [ male announcer ] i've seen incredible things. otherworldly things. but there are some things i've never seen before. this ge jet engine can understand 5,000 data samples per second. which is good for business. because planes use less fuel, spend less time on the ground and more time in the air. suddenly, faraway places don't seem so...

icahn actually connects the raiders of the '80s, and he was a part of that to the activist investor of today. i think a lot of activist investors, and i put ackman and loeb in this category, really don't know and understand the operating businesses that they're going after. they think they do. they think they understand the balance sheet part of it, they don't understand the operating part of it. a lot of businesses activist investors go out of does not take brain surgery-level i.q. to figure out that businesses are hurting. it didn't take, like, oh, my god, jcpenney is having trouble for someone to come along and let the board and the investing community know that, nor does it take carl icahn to tell us that apple has a lot of cash they have neither returned to shareholders much or been able to use productively. so there's a lot of ego involved in activists. and a lot of wall street hubris that it believes it knows how to operate operating businesses. i don't think that's true. >> that's certainly the krits f critici criticism. gentlemen, thank you very much. appreciate your time toda