icahn. absolutely. icahn says there's a chance the markets could suffer a big drop.de the comment at the reuters global investor outlook summit on monday. icahn says corporate earnings are being fueled more by low effort costs and he says stock buyback res driving numbers, not profitability. that unnerved investors to the s&p 500 which had been trading flat since icahn spoke within down by 4%. later on on his website, icahn said he's concerned about market levels, it's almost to predict in the short-term. at times like this, he hedges his investments to some extent. taking short-term moves in the market is like predicting how many sevens the hot dice player will continue to roll. icahn dropped some hints about his plans for apple. he says he doesn't want to fight with the company, but has no plans to walk away from his investment, a nearly $2 billion stake. apple is urging icahn to bay back nearly 220 million of shares. but he says, quote, apple is not a bank and should not be run like a bank because investors didn't invest in a bank. >> asking about icahn's comments

we're guessing as a result of the comments from carl icahn. dow off the highs. 16 sth 16,000 from the dow is off the table. >>> bitcoins, a hearing in washington, which may be why they're soaring. >>> tesla's model s is the top selling automobile costing more than $75,000. now long-time status symbol cadillac is looking to cash in on tesla's success, launching its own electric car. we'll get an up close look with phil lebeau coming up later on the "closing bell." opportunities aren't always obvious. sometimes they just drop in. cme group can help you navigate risks and capture opportunities. we enable you to reach global markets and drive forward with broader possibilities. cme group: how the world advances. >>> welcome back. check out these markets. the dow jones industrial average struggling to stay above the -- well, 16,000 level, but certainly above 15,9 62. losing altitude quickly. we told you a headline from carl icahn who says basically he's expectinging a pretty good selloff in stocks. he says some earnings are a mirage and more to do

carl icahn tweeting directly about that. amazon and google, these are interesting, because earlier this morning in the session both stocks made all-time highs but they ended up closing the day down more than 1%. so, some big swings for those stocks there. also looking at some of the biggest losers on the nasdaq today. tesla and facebook both down by more than 5%. also momentum names do seem to be losing momentum. priceline, netflix, all in the red today. we did have a couple of big downgrades that impacted some stocks. microsoft and nvidia. let's talk about the winners, the biotech, a little strength there today. c. lgene and amgen managing to hang onto gains. a lot of wind taken out. nasdaq ending down today about a percent. >> thank you so much. will the technology sector drive the nasdaq to 4,000 and beyond? if you're just getting in, do you stick with the old faithfuls like microsoft or new growth names like netflix? joining me is don from gfi, kevin landis. thank you for joining us. john, let me kick this off with you.

icahn's vincent intrieri to the board of directors a. win of a type for mr. icahn here. he began this campaign on january 25th when he filed the 13 d. i think at that point it was 5.6%. i think that more or less stays a donestant, asking for a $4 dividend at that point, asking for the board to be reduced. he hangs in there. he often gets what he wants. here's the latest tweets from mr. icahn talking about his success here with transocean. what is your thought about the sector and the stock, itself. >> this has been one of the poor performers because of the condo, also because their rigs are supposed to be older than other rigs. i have been waiting for the big surge in deep water drilling supposed to happen off the gulf of mexico. they have not been able to cap it. they have so into harness it. >> that said, it's a very inexpensive stock. so i certainly understood why mr. icahn would want to go for it. it's my least entire part of the entire oil sector. >> really? >> look. i think if you are doing offshore drilling with older platforms, you will not get the contract. ther

don: carl icahn prediction.when big guys like that come out of the woodwork to help the public, to warn us. i am a fan of carl icahn, to see how far he has come but you always wonder what drives that kind of thing. i would like to understand how the earnings are being manipulated. you can tell me stocks are attractive, and a lot of other things. i don't understand how the bottom lines become manipulated by lower interest rates. cheryl: the 22 too much credence to what he said but i will say his funds are by 14%. over five years and -- charles: markets by 20%. >> the nasdaq up 40%, the s&p cooling at 30%. activist investing is very dangerous and isn't particularly helpful. you need to distinguish between the ability of an investor going to the company's board and management saying this is how you should do it because as a shareholder i have that right. going into the press and trying to manipulate markets and influence overall direction becomes very dangerous and counterproductive. i look at yesterday's carl icah

icahn is the third largest shareholder of the oil drilling company. transocean has agreed to icahn's proposed 3 dollar dividend, and has said it will reduce the size of its board. shareholders still have to vote on the proposal. transocean stock rose 3 and a half percent in trading yesterday. a california company is recalling ready to eat salads and wraps potentially linked to e-coli. the usda says the pre- packaged salads and sandwich wraps were produced by glass onion catering. the products were produced between september 23rd and november 6th and distributed in arizona, california, nevada, new mexico, oregon, texas, utah and washington. still to come: tips--on why small business owners need to get ready now to cash in on economic growth. plus... the culinary industry says good bye to a world renowned chef. a look back at his life in the kitchen. and a money manager-- studys the options for investors who bought the twitter ipo. first business continues right after this... i'm going to pass chemistry, and i'll take it from there. i'm going to do what

icahn? >> he didn't. met in the middle because carl icahn, who holds that 5.6 stake in trans ocean, he's been pushing for a $4 per share dividend. all he got was $3. the question is do investors care if they get a buck more or less, i don't think so. if you look at the share price reaction in trans ocean, they like this had a nounsment. shares, the biggest gainers. up 3.4%. i think overall they're relieved that carl icahn has been able to push through some of those changes. looking at some of the reactions this morning, the verdict is this is very, very good news for shareholders. as expected, carl icahn's involvement is a, quote, game changer for the company. now the other changes i just want to quickly walk you through those. trans ocean says it will reduce the max number number of directors on the board to 11 from 14. they also will see the appointsment icahn capital insider to that board. overall, it is pretty good news for shareholders. it really is just a partial victory for icahn, ross. >> yes. you

probably not what carl icahn's asking for. but probably he doesn't think he's going to get all he's asking for here. >> you make a good point. jon, good to talk to you. jon fortt at the new york stock exchange. >> talk about the crashdown on wall street. instant messaging. banks looking to cut down traders' use of that in chat rooms. kate kelly has more. interesting story. not a big surprise. >> i guess not. although it's creating a bit of tizzy on the trading floors today. with the big banks under fire for so many different regulatory issues looking to clean up the written records and may start by eliminating chat rooms. recent weeks jpmorgan, citi group, barclays and credit suisse have begun reviewing traders' use of online chat rooms, people gather for private conversations via instant message. in addition to small talk, there are discussions about specific trades or ideas and therein may lie a problem. ten banks under scrutiny for attempting to manipulate -- >> we have a partial list of that on the screen. numerous investi

carl icahn is taking a bigger bite of apple. icahn picked up nearly 4 million shares - or about a $2 billion stake.it's part of his plan to boost ownership and gain more control over apple. last month, icahn sent a letter to ceo tim cook, suggesting the board boost its stock buyback plan to $150 billion. icahn has been buying up shares in apple because he consideres them undervalued. shares in apple closed down 6 tenths of a percent to 524 dollars on friday. a tiny store on the east coast is boasting the biggest sales of iphones. a report from abc news says the "christiana mall" apple store in newark, delaware claims to sell more phones than any other apple retailer. delaware has no sales tax and is located just off a main highway connecting east coast states making it easy forcharter buses from other state to roll in customers. december 2nd is cyber monday. ibm digital analytics predict record online sales, due to growing hype on social media. however retailers are bracing for a hit over the thanksgiving weekend. only 1 in 10 a

one is this carl icahn stake.e stock get a very nice pop when he tweeted he was amassing nearly a 6% position in the company and two is unusual option activity flows that we've been seeing in tlm. we've been seeing a lot of action in the january 13th call line. an open interest in that line has swelled to nearly 15,000 contracts now all on the buy side. so instituional money is looking for this one to go higher. carl icahn likes it that means that i like it too and will be looking to get long before earnings. > > and we like you. thank you very much james ramelli. > > thank you. that's it for now.-- coming up tomorrow... it's movies and money-- our critic will be here with his take on all the action at the box office. from all of us at first business.. thank you for watching-- we hope you have a great day! >> the following is a paid presentation for supersmile, brought to you by guthy-renker. none of the testimonials or dentists in this show have been paid to share their opinions. >> a bright and healthy smile can

. >> carl icahn and piled up against george soros or who knows who else? investors are piled up and here is the sole focus -- the silver bullet. liz: he has said it is a ponzi scheme. >> this is what makes you a good journalist is that you killed me but he is a short seller is it is going down in zero it is up since he said that he said it is a pyramid scheme the company says it is not another smart people like george soros says it is not he lost dash did million but what would be the stake through the heart of the vampire not that he is but would kill him is a leveraged buyout to take them public and i tell you all longtime investor serial investor at this point but he is a longtime smart investors just up the stake but we ask is a reported he is talking to investors about joining him with the leveraged buyout. what we heard although my calls have not been deaths some sources have said he is talking to the big sovereign wealth can't. liz: that is big money. >> key is plug did he not to have that. clearly he is looking, i can tell you that my sources he do

i don't know how carl icahn came to that.ce of individual investors. individual investors are not giddy about this market. this is the most unloved stealth rally in the history of the market certainly since i've been watching it and, of course, anyone could say of course it could come down. of course it could come down. it's going to come down at some point. but what about all the people that have spooked people out? my biggest beef is someone's going to try to take a victory lap after they're missed 10,000 dow points but also ignore the point that they kept millions of americans out of this market because they've equated the market simply to the fed when there's so much more to corporations and business in general. stuart: well said, charles. let's get tesla. i think it's up a little bit this morning, but it's still way down from its high, isn't it? >> reporter: well, that's right. the high was at nearly $200, now it's at $125.60. there's a gain today of 3.3 percent but, of course, this could be a little bounceback. number o

that's a good gain right there for icahn's portfolio. back to you. >> sure is. thanks so much. >>> on-line gambling comes to the garden state. today new jersey regulators giving the green light to six casinos to offer internet gambling state wide. gamblers must be within new jersey. the state joins nevada and delaware as the only states offering internet gambling. the ceo of 888 holdings will be on "closing bell" to talk about his major decision and his company operates several high-profile gambling websites. >> power run down time. with our entrepreneur gary vaynerchuk, one of the popular guys in social media with more than 1 million followers on twitter and ceo of boehner media his book "jab jab jab right hook." gary, states allowing on-line gambling, is this inevitable? is it the next big thing in the gaming business? >> yes. >> yeah?

first off, to carl icahn putting out a warning, saying this is being propelled by a general obvious fed that is handing out candy. >> i had my party hat already and he kind of took that away from us. he is not wrong that the fed is fanning this. but that's their job. that the whole point of quantitative easing or going back to t.a.r.p. they're trying to reignite the flame of the economy. i believe they're starting to succeed in that, which i why i think taper is not a bad thing. rising interest raise or the smoke of the fire, and for equity investors that's a very good thing. >> he has been pretty true to investors close 80 years on the planet. a vulture investor where he fines opportunity or others do not or he can stir up dust and get a big response in the stock so he was already bemoaning amp if it weren't karl ike -- icahn we wouldn't pay as much attention. >> every professional investor has been very intimidated by this bull run. we would call it bulline ya, and there's no alternative, and what carl icahn was pointing out -- i'm concerned about the speed that we have managed to hit

are you happy with carl icahn? are you happy with what he is doing now? you were the first guy in the hedge fund game with your stature to make an issue of the money sitting on the balance sheet. >> yes. >> $150 billion in cash. >> yes. >> are you happy with what he's doing? >> well, the thing with apple is we bought the stock about three years ago. and our goal was to be sort of passive, happy holders. and eventually, the cash built up and the valuation compressed, and it kind of became out of hand. and that was -- and we had a clever idea we thought we could bring to them that would help unlock some of the value, and we went through a whole thing about that in the spring. and, you know, they hired some advisors and they went to some lengths that they probably historically hadn't gone, like issuing debt, and they issued -- they said they'd buy back $100 billion of stock and pay out that amount of dividends over three years, which is pretty good. it gives you about 7%, 8% yield effectively on the company. i think that that moves apple's, you know, capital

we now know how big carl icahn's stake in apple is.inic chu on that story. >> again, still whale watching right now. what we've seen in the 13 f full-timing for carl icahn is that, again, remember, back in august he said he is building up this stake in apple, a substantial one. carl icahn in his latest securities filing said he owns at the end of september about 3.87 million shares of apple. worth approximately $1.8 billion. yes, he was not kidding when he said that it was a fairly substantial stake. again, $1.8 billion stake in apple. that constitutes about 3.8, 3.9 million shares as of the end of september. we'll keep going through these and bring you more updates. for now carl icahn's stake in apple revealed. over to you. >>> it is almost go time. sony gearing up to launch the first new gaming console in seven years. it tdoes several things its pr d predecessor could not. >>> activist investor cliff robbins, he's on the hunt for stocks that are undervalued. we'll find out what he's looking for. we'll also discuss one of my favorite

in. >> yes, pretty much. >> icahn, icahn, icahn. >> in every story, in every headline. >> icahn wants to be an icon. >> he is an icon already. >> is that what the word is derived from. >> i don't know. >> spelled differently. >> not the word icon. i wonder his name. not either. >>> in other corporate news, the government wants bank of america to pay nearly $864 million in damages after a federal jury found it liable for fraud over defective mortgages that were sold in this case by its countrywide unit. government's also asking for penalties against a former mid level executive at countrywide. the jury found her liable as well. and vc firm andreson horowicz has sold a third of their shares. the shares were sold between 49 and $50. that makes the sale worth more than $111 million. kind of interesting that they decided to do that. the firm still holds more than 4.5 million shares. >> what do you think about that? >> at some point he has to harvest some kind of gains about this. he's still on the board, right? he can't leave but he can't hang out -- he can't be in there all the time. >> y

shares at icahn rose to 108.95. and a comeback helped vulcan. their net income more than doubled in the third quarter, revenues trumped consensus. the stock became the best performing stock in the s&p 500 today. >>> and lululemon's problems surfaced again today. they are hit with complaints that some of their pants are see-through, shares plummeted when they had to recall their new line. shares rose 2% to 69.33. >>> and we've all heard the stories about the problems with the healthcare.gov website. now a new poll shows what people's experiences with the on-line marketplace insurance has been like. 65% of people eligible say they are aware of the marketplaces. but only 17% have actually logged on to check out the options. also, roughly one in five investors to the sites, according to the poll, actually enrolled in a new plan. >>> for anyone looking at sears, they announce they will open their doors at 6 a.m. on local time thanksgiving day and stay open round the clock through 11:00 p.m. on black friday. >>> and coming up, buying jefferson the mos

carl icahn and transocean reaching a deal. what does icahn's involvement mean for the stock?.s. bond morkt closed today but it will still be a week. tesla finded before the u.s. banking committee. and everything you need to know about bonds for the week. stay tuned. announcer: where can an investor be a name and not a number? scottrade. ron: i'm never alone with scottrade. i can always call or stop by my local office. they're nearby and ready to help. so when i have questions, i can talk to someone who knows exactly how i trade. because i don't trade like everybody. i trade like me. that's why i'm with scottrade. announcer: ranked highest in investor satisfaction with self-directed services by j.d. power and associates. >> welcome back to fast none. shares are getting raped over in the aftermarket. sales that were roughly in line. profit margins also fell quarter over quarter and year-over-year. they have got big players to compete against like amazon and of course microsoft. >> this is is a commodity business. >> and the quarter was not horrible. you have got to smoke it for

carl icahn.hink, senses that it's in territory that maybe it doesn't belong in right now without some meaningful correction. what do you think? >> well, i agree. i think overall most corporations, 70% of all s&p companies are overvalued right now. again, you have the fed backstopping everything so you have this fake market. the minute they pull away, we'll see what the real market looks like. >> basically, the buy on the dip scenario once again. you're a buy on the dip guy. at the lower with were down 90 points. we're down 57. at the lows, the buy on the dip guys came in. >> it will keep continuing. you get a little break, s&p, you bounce off a number, takes it back up to that point. it's going to keep continuing because we can make money trading this stock. at the end of the day, we're just traders. we're just trading the volatility. >> paul jacobs just walked in, the ceo of qualcomm. >> tell him hello for me. >> can't wait to talk to him. he'll talk about how he's allocating that capital. i'm g

. >>> and carl icahn reaching an agreement after a months-long fight. they agreed to pay dividends of three a share and to shrink the number of seats on its board. now, icahn owns a small stake on the driller, saying that there were problems with investment strategies, shares closed at $55.37. >>> facebook director, selling one third of their stake in the social media company, according to an sec filing. the venture capital still owes more than 4 and a half million shares of facebook, the stocks dropped to $46.20. >>> and go-go shares going up, the company provides inflight-access, and reported better sales, they boosted their four-year profit sales guidance as more people are signing up for services. the stocks surged $20.15. >>> and after haiyan, it is believed to have killed 10,000 people, they are working with disaster relief organizations including the red cross, salvation army and heart to heart to donate and transport equipment and supplies to impacted areas. >>> and washington voting to extend nearly $9 billion in tax breaks to the aerospace age

why are some like icahn worried, while others carry on. >> reporter: the first trigger? home sales began around a fresh in this case data around thursday when we get the number, the houses economy will be questioned. also this week, inflation readings, on wednesday it is a consumer price index, and on thursday, producer prices both expected to remain low. if not, and inflation is higher than expected concerns will grow that the fed will be more open to scaling back or tapering its monetary support, another potential catalyst, earnings, this week we hear from the top earners, home depot, j.c. penny, target and gap. the economy could provide an expectation into the season, a time when retailers in general do about 20% of their business for the year. there are also a lot of long-term head winds, including europe, still dealing with deflation and tepid growth, impacting the bottom line in all sectors, then there are the valuations, remember those? the stocks get more expensive. the momentum means powering the rally like netflix, and best buy, all up better than 2% for the ye

why doesn't it do a carl icahn once? now isn't because of financial engineering but because of real engineering. it is innovating, creating new products. they are more software oriented than hardware oriented. people love them. the stock is rallying the way it used to when the reviews came out about the operating system. they were not only laudatory but they were outright glowing. it leaped over the thought to be invincible samsung. the new tablet is best at anything imagined a year ago. we are beginning to hear from the companies who make corrugated boxes and who ship holiday gifts and retailers who sell hard goods that it's beginning to look like an apple christmas. can it be as good as two years ago? i don't know. still quite a ways from here. the fact that the stock went this high without raising price target nonsense good news. the fact that it is not done on upgrades and price target nonsense and table pounding tells me the run has staying power. i know that apple isn't giving me a credible social alternative to go

block icahn. buy twitter, block icahn. what do you think of that idea?some time ago to buy twitter. >> when it was 10 billion i wanted them to buy it. when it was a gleam in the eye -- >> al gore tried. they didn't want to sell. >> i think when you look, microsoft had a chance to buy them. that would have been a fabulous merger. >> one last thing we've not had a chance to talk to you about, airlines. discussion about the d.o.j.'s intervention. if it hadn't been for this one, they would have been locked out of these key airports for a long time to come. >> spirit charges you for breathing on the plan. they have a pay toilet on spirit now. walking down the plank costs money. i wish i were joking. i talked about go-go doing well yesterday. there's some lines in this conference call that are so priceless about how this is really good for the consumer. i just love that. good for the consumer. to have fewer companies is always good -- will you please? just say we did really well for the shareholders. i do believe that save is also going to be a winner but delt

i don't think he's doing what a carl icahn's doing.e has the money for that, to be honest with you. but that's his publicity stunt to get me to talk about it which is the broader issue. for all its ills, fannie and freddie has done some good, that what he would tell you. we should point out that fannie and freddie cost tax pay questioners -- taxpayers gazillions, hundreds of billions of dollars i'm assuming is not far off. the bailouts of those two entities cost taxpayers a lot. they contributed mightily to the financial crisis, buying up the mortgages. and over the years being prodded by congress and by the president, by hud to buy more subprime mortgages. liz: well, mike milliken of the milliken institute spoke specifically about this just two days ago and says that the government has got to get out of the business of helping people buy homes because it becomes very, very artificial. >> well -- liz: and he said the actual value of each american's self-worth, net worth has gone down. >> because here's why, because in the old days when

liz: activist investor carl icahn reporting 12.63 stake in holo-fic ink and looking for for -- hologic, inc. they are up about 2% on the news. david: micron shares rallied after it was reported that green light capital's david einhorn was long the stock. einhorn made the comments in the robin hood investment conference in new york and reported via twitter. liz: the u.s. treasury is planning to sell its remaining 2.2% stake in general motors by the end of the year. the new timeline is faster than expected exit for the treasury and in large part die to gm's stock price which is up 30% so far this year. cashing in right here. "after the bell" starts right now. david: let's go right to it. we have gap earnings. adam shapiro what are the numbers? >> first on revenue it's a beat. street expecting 3.97 billion. street expecting 71 cents. investors like to hear this they are going to start a one billion dollar stock buyback. same-store sales are up 1%. headline will be this stock repurchase of $1 billion. back to you. david: it is very interesting that the stock, if anything is moving slower a

>> i pulled the carl icahn name and looked at netflix and the january 345 puts. those they're going to cost you about $20. then you would go out and sell the january expiring, the 400 calls you're going to get about $5. in other words, what you're doing is, you have $15, that's 5.5% to the downside if the stock falls apart you've had gains. to the upside you have about 12%. you can still make if i'm right and that stock gets to $400 a share. >> back with final trades next and the winner of the debate. life's an adventure when you're with her. and it always has been. but your erectile dysfunction - it could be a question of blood flow. cialis tadalafil for daily use helps you be ready anytime the moment's right. you can be more confident in your ability to be ready. and the same cialis is the only daily ed tablet approved to treat ed and symptoms of bph, like needing to go frequently or urgently. tell your doctor about all your medical conditions and medications, and ask if your heart is healthy enough for sexual activity. do not take cialis if you take nitrates f

another icahn name popping to another that's dropping. shares of nuance communications dropping after reporting the fourth quarter results. >> yeah. this quarter was really bad for nuance, and down at a four-year low, and it should be. when you look at this name now, it's been talked about for a long time it's a commodity business. right now, it looks like the company is not hitting on any cylinders. i'd stay away, avoid this name. >> doc, you have unusual activity here? >> yeah. we have -- well, normal activity in this name is about 6,000 puts, today it's trade 60,000 puts in the first two hours, judge. there's also those blocks, the same kind of blocks we saw when carl icahn was getting out of netflix. we see those same blocks in the five-minute periods. average turnover is somewhere between 3 million and 4 million shares a day. i have multiple blocks that show that there were 3 million and 4 million share s trading in a five-minute period. somebody big is getting out of the stock, somebody big is potentially buying the 13 puts, which h

the list includes carl icahn, david tepper, paulson, loeb, lots of our favorites on cnbc.lionaire index has outperformed the s&p. check this out at least over certain periods. since 2005 it's posted average returns of 12.5%, compared to the s&p of 7%. huge difference there. now ibillionaire is planning to launch an etf based on the billionaires. you can't invest but that's coming soon. by basically becoming rich like invest vesting like the rich may not be so simple. the holdings based on 13 fs, notoriously backward looking and they have hedging strategies, options and risk tolerance different from the average investor and they always have better information. for those who want to vicariously invest like a billionaire without putting their money in can buy the ibillionaire app, that's only 99 cents. >> that's more my speed because i've always felt like the first billion is the hardest. >> yes. >> you can lose 99 cents and feel okay. >> sue, you got some more for us. >> yeah, i do. listen, i want to be able to experience that first billion. all right. robert, stay with us b

have you ever wanted to invest like warren buffett or carl icahn? their portfolios and monitor their performances. robert frank has the details. robert? >> thanks. it turns out that investing like a billionaire could be a lucrative strategy. question is whether there are hidden risks. ibillionaire and the new york stock exchange today launched the ibillionaire index, tracks the 30 large cap stocks in the s&p leading the billionaire investors that allocated the most funds to those stocks. the list includes carl icahn, david tepper, john paulson, david i horn, dan loeb, favorites of this show. the billionaire index has outperformed the s&p over certain periods since 2005 it's posted annual returns -- annualized returns of 12.5% compared to the s&p of 7%. ibillionaire is planning to launch an etf. becoming rich by investing like the rich may not be simple. the holdings based on the 13 fs and they have all kinds of hedging strategy, options, risks, stops the average investor does not have not to mention much better information. but for chose who want to

stake down to 16 and one last one, we have got to talk carl icahn.urns out he had a 3.8 million share. that is about $1.8 billion worth of that stock. >> interesting in apple. we also heard cooperman is out of this trade. >> i don't believe he bought it much more than a year ago. this is rms almost a day trade in apple. >> do you still love it? >> we have been pretty steadfast in our love of yahoo! and it has done everything right. it's maybe late in the game here but i oom still in the camp. now everyone is starting to focus back on yahoo!. but you have got to trim some of this to be responsible. >> let's stick with today's top trades. >> the stock is moving higher in the afterhour sessions. you like this trade? >> not really. i think it's very warren buffetesque. it's boring, slow dividend paying stock. he's one of the best investors of all time. it's worked for him. not for me. i think you have got to believe in crude rallying. >> we talked about exxon for a long time. we said look, if you're looking for an opportunity to get it, look. you have a

if you look at the odds of the two sides, carl icahn, and it is long, he thinks the government will shut it down. amid those two extremes, what is more likely to succeed? liz: carl icahn please >> forget whether it is the pyramid scheme. >> in the next three years, the government is going to shut this down. he held the stock, your odds of winning on and ackerman bets are low. that is common sense. liz: i'm like the shakes. 30 minutes away, record territory, and even a point above where we closed that is the record. apple may have a new rival on the radar, it is only 19 years old. we talked to the tech superwhiz from up north, college dropout from montreal taking on the biggest names in tech. it is really revolutionary. with the new federal reserve share coming, could the fed tapering bond purchases sooner than expected, the consensus on the street in spring time, strategist going against the kurds say in january. he is here to tell you how to position your portfolio for that next. liz: pandora slowing down the music, the internet radio co. following weaker earnings, let's go to nicole pe

pretty good deal here with activist investor carl icahn, right?ig, after they have been working with carl icahn, talking about reducing the number. that is what they're talking about proposing that given it a boost and their involvement and board member talk have given a nice run. david: i'm very excited about the stock, stock brings us internet traveling on commercial airplanes. it is gogo we have the ceo coming up little later this hour. tell us about inthese am. >> you're right. internet provide when you're in flight. the stock is almost up 30%, hitting new highs. they beat the street. great performance. liz: then we've got the semiconductor suppliers, cirrus logic, they slipped into the red. it launch ad supply deal with apple. >> barclays talking about cirrus logic it is not supplying components to the new ipad air. and with that we've seen cirrus pulling back over 13%. year-to-date, no better, down 33% this year. david: as we mentioned before jcpenney has been doing incredible things as well. [closing bell ringing] it is the individual stock

. >> the stocks moving full team on monday, focusing in on mments by billionaire investor carl icahn, who says stocks could be in f a big drop. although he said it's hard to edict short-term mov. jpmorgan and t u.s. governmen are expected to announce terms of the mortgage settlement. reports say $4 billion will go toconsumers, offer low monthly morage payments and molish homes i blighted neighborhoods. >>> lastly, hyundai supposedo start selling an v, a decade before anyon thought was poible,owered by a hydrogen vehicle. richard,ack to u. >> all right. thanks a l, seema. > outgoing new york city mayor mike bloomberg will sign gislation that will make it illegal to sl tobacco products to anyone under thege of 21. it sets a minim cigarette price of $10.50 per pack. >>> and one toya dealer is pulling out all of the stops for the beloved auburn fooall team lynch toyota that is promising if auburn shutsut alabama on november 30, they'll pay for the new-r purchase between today and the endf the month. it's cled theron bowl. this deal brings new meani to that, doesn't it? >>> just ahead, the

icahn group was the video game maker's biggest shareholder. david: and it is a battle of the suits literally, men's wearhouse has made a $1.5 billion bid for joseph a. bank after they had made a proposal to acquire men's wearhouse in october. a busy say. "after the bell" starts right now. ♪ ♪ liz: and massive cable news that broke in the last hour. according to dow jones industrials, the dow jones news wires, cox communications, david, may very well be putting at least a bid in for time warner cable, so today join charter, and they join comcast in this battle. david: meanwhile, i'm just trying to pressure some kind of gain on the dow, just managing to hold on to the green strokes there. liz: let's get to the market action because it was rather interesting. ryan dietrich, senior technical strategist. he just looks at the charts, the testimonying of it. he doesn't get -- technology of it. he doesn't get emotion a. he's still bullish, he'll tell us why, and larry shill very joining us, not a win for the s&p 500, we needed to see 1804, but once ag

the asset managers aren't reacting to carl icahn. >> what about the margin debt? that's one thing that does worry me as the video investor starts to get into this market, one of the things you watch for is how much people are borrowing to buy stock? >> we've talked about that. it's almost near record highs if not at record highs. that is concerning because what all that says is people are having us feeling once again stocks can never go down so bore roy everything and bet the house. probably not the smartest thing to do. it would tend to bring some caution, but yet overall, i think the market still feels healthy. next year is going to be a good year. talking about the global recovery, feels like it. >> on that note we're going to leave it on an up note. we're leaving it there. up to you. >> thanks, guys. tesla under fire literally and figuratively. the national highway traffic administration has launched an investigation into the luxury electric sports car maker after it reported three car fires over the past six weeks. the stock down about 33% since it hit its hi

in the case of take two, icahn was in there for a number of years.n the case of corvex a couple of years and yahoo! less than a year? here's the key -- >> they were predecessor company, herb. >> here's the key. here's the key, though. why don't they do something? this is something i -- i raise the issue in the story i wrote, why don't they do a dutch auction? let everybody get access to the same deal? they're all not going to get all their shares off but at least it's fair. it seems fair. remember, a lot of people -- a lot of people -- >> herb, quick, what do you mean by a dutch auction? for viewers, what do you mean by dush aucti dutch auction? >> where they do an auction for a certain number of shares -- offer for certain number of shares. they buy them back, but everybody will not get it. >> shareholders anticipate that they will eventually be diluted. >> andrew, go ahead. >> but that's only -- that's only fair thing you can do. what happens if the stock price now develops 25 % over the next six months? everybody who's currently in the stock will

investments do you think carl icahn is talking his book in some way when he suggested yesterday there would be a pullback similar to the one you suggest? >> he is a lot smarter than me and a lot richer than me. it is is very difficult to call the short-term moves in the market but i they have you have a shot, it is just like flying an airplane in blacked out conditions, you have to pay attention to your indicators or controls in an airplane's case. right now it is suggesting you should be a little cautious. longer-term i think we're in a new secular bull market that has a lot higher to run. david: short term, next couple months. kent, you think equities are still undervalued. how so? >> well i do. i think especially given the statuses of u.s. balance sheets of u.s. companies. the cash on hand, the low debt levels and what debt they do have is low-cost debt. balance sheets are the best i can ever remember. and valuations are not you know reasonable for a lower type interest rate environment. so, i think, you know, near term, things, you know, might hinge on interest rate policy but, i

stocks retreating from record highs yesterday on bearish talkes from carl icahn. the activist investor said he had cautious on equities. he was speaking at a conference where he said he could see a big drop in stocks because earnings at many companies are driven more by low borrowing costs rather than strong management. the dow and the s&p 500 are both on track for their best year in a decade. the major indexes have soared by more than 140% since bottoming out over a year ago. in his third quarter letter to investors, jeremy grantham suggests we could see stocks explode higher than sink into a bear market. he wroes, my guest is that the u.s. market, especially the nonblue chips will work its way higher perhaps by 20% to 30% in the next year or more likely over two years with the rest of the world including emerging market equities covering even more ground in at least a partial catchup. but then he continues, we will have a series of of serious market busts since 1999 and presumably greenspan, bernanke, yellen, et al. will help happy. and we the people, of course,

carl icahn is pressuring tim cook, he pressuring a ring company. if i were tim cook, i would say, hey, listen, carl, the ring business is not really analogous. and we didn't do mccondo. >> a balance sheet is a balance sheet, capital allocation is capital allocation. >> what are you, a tree is a tree? are you a poet? >> a rose is a rose is capital allocation? >> don't forget that he owned about 6% of transoh scean. he can never own 6% of apple. >> no, he can't. but what should i be excited about if i own apple? the possibility of another meal between tim cook and carl icahn? is that what i'm looking forward to? >> that's where some investors are in their head. >> how about the idea that the products are good and the numbers may be good or it's a good holiday season. you never reveal where they end up eating. >> i'm pretty sure they ate at carl's house. >> they should have gone out, maybe go to daniel or something, $400 a person. >> i'm told it's 910 on 11/12/13. >> and 1, 1, 1 -- >> it's the loneliest number for people to go out and lick their wound