once icahn made the bid the options rose. the papers says regulators traced the suspicious trades back to mickelson and walters and are now trying to figure out if icahn tipped off walters about his buy out plan and if

and carl icahn mentioned a merger. makes sense in the dollar store space given reduction in food stamp benefits, a major source of revenue and box discount retailers. after the merger the buying company would have increased buying power and real estate locations and potentially what could boost dollar general's net income by as much as $324 million. earlier in the show i suggested wal-mart should consolidate the whole business to reignite its growth. if carl icahn can make that happen, more power to him. the problem is you need a willing buyer. i am skeptical dollar general wants to aguirre family dollar. remember, dollar general is doing interview fine and could keep doing its current pays without doing any deals at all. and the ceo has always been a lover of organic products since it is much easier to manage than it is to try and manage an acquisition. doesn't that eliminate the family dollar? dollar general spent $800 million buying back its own stock. if i were dollar general i would rather keep re purchasing my ow

two rich guys like carl icahn, phil mickelson and mr.s, do they have an unfair advantage over the average investor? guys have an unfair advantage over the average investor? that is our twitter question of the day. this is bloomberg surveillance. let's get right to top headlines. here's adam johnson. obama administration is opening a new chapter in the fight against climate change. republicans say the move will hurt the economy by driving up electricity prices. a break onng ukraine its natural gas bill. they have been given in next week to take has to pay in advance for june's bill. disney has put a new twist on the classic sleeping beauty. it took in 70 million this weekend which was higher than estimates. the top headlines. i don't think there is an else address. >> the songs are good. artists are trying to teach people how to get the same effect. >> those are your top headlines. >> before we get there, we have some breaking news. .t is m&a american realty capital health for twobeing bought point $6 billion in cash and stock. to theal w

icahn's investors. >> icahn had a deal. they were in business together. >> it's a different kind of violation. when someone is accumulating a position, if i tell my friends and they buy stock, then my position looks smaller. and that would be a violation of the securities laws. it wouldn't be insider trading. >> he had a publicly traded fund at the time. icahn, does he still have that publicly traded vehicle? so he would potentially be defrauding the investors in that fund? >> if this involved stock he was buying with that vehicle. and we know some of the stock he accumulated was with the publicly traded vehicle. >> roberto, when they went rushing to columbus, that's a great tournament, too, the jacks tournament and fbi agents are swarming the fairway. when they went rushing to see mickelson on thursday because they knew it was coming out, what did they expect to get from him there? what was the point of that? >> you know, i don't like that. and 15 years ago when i was in the justice department, i would tell you that type o

icahn, mr.re accused of any wrongdoing at least at this point. >> we had judge holwell here most famously sat in judgment on the roger ratnam trial. >> more smoke than fire is what he said. >> that's exactly what he said, more smoke than fire. we have that question, scott, why now, many years after the trades of course took place. >> three years. >> yes. >> i wonder, what do we know about william walters? he seems to be sort of the key in the middle of this thing. any comment out of him yet? >> i believe, in fact, that he is maybe in the process of making a statement. jane wells of course covering that angle of the story. i'm sure she'll have much more coming up from him. we know he's a very well-known gambler apparentfully las vegas with a successful record betting on sports. >> we will see. as you said, scott, a lot more questions than answers at this point. thanks for filling us in on the latest. >>> apple engineers and thousands of developers are all gathering today in san francisco for appl

joining us, charlie gasparino, who has spoken and gotten a statement from carl icahn. we have former federal prosecutor doug burns and federal assistant u.s. attorney paul millon. we will start with you because you're the experts on how these things are done. as we are doing this, charlie, we will put what carl told you on the banners underneath. this case seems a little strange because is it illegal for carl icahn to even talk to friends and say i may do this with such and such a company like clorox? >> is it illegal to leak information about a confidential investigation? in some circumstances it is. in a grand jury investigation they have a role that says anybody who leaks information about what goes on in a grand jury investigation can be punished at the felony level. it is a disgrace this was leaks. we were talking about that, most likely somebody asked the fbi. phil mickelson, paul came up with this, he is like the weak link in the case. not the main player. your car like i took 9% stake in clorox, what did they do, they walked up to a golf green to scare them, sa

once icahn made the bid the options rose. the papers says regulators traced the suspicious trades back to mickelson and walters and are now trying to figure out if icahn tipped off walters about his buy out plan and if walters included mickelson. rothfeld says conviction for insider trading with likely mean prison time along with ruined careers. >> from mickelson he would likely lose sponsorships. for carl icahn it would certainly hurt his ability to invest in companies and be able to take over companies which he's been doing for several decades. >> reporter: the justice department, f.b.i. and s.e.c. are not making any comments. >> axelrod: susan, thank you. last night, the n.b.a. announced last night, the n.b.a. announced the sale of the clippers to steve ballmer for $2 billion. but then donald sterling, the team's own her who bought the clippers more than 30 years ago for 12, gef and a half million dollars say that would actually cost him money. >> >> reporter: what seemed like the end of the donald sterling saga may just h

icahn says the reports are completely irresponsible. and the moment, we will have an expert on insider trading who has defended multiple white-collar criminals, including bernie madoff. also joining us is a man described as wall street's nemesis, former federal prosecutor and former candidate for new york state attorney general. sean coffey will be joining me. and the apple developers conference is getting underway in san francisco. apple is expected to unveil a new version of the operating system for the ipad and iphone. theident obama proposing boldest step yet in the fight against global warming, calling her power plants to cut greenhouse gas emissions by 30%. we are a little more than one week away from the first world cup game in brazil. the country has spent $11 billion on 12 new stadiums. however, brazilians are not sure that it is worth all that money. tops get straight to our story. reports allege that icahn, mickelson, and a prominent las vegas gambler are being probed by u.s. authorities for insider trading. our senior market

icahn and walters had apparently had something of a friendship.about stocks. and then, of course, walters and mickelson know each other from the golf course. they, walters owns golf courses, and so that is where their connection is. and there is no connection of icahn and mickelson. >> and what do we know about the investigation moving forward now that it is reported and the details have been made public? >> it could make it hard efor the authorities to bring a case. their ability to wiretap or, you know, secretly record conversations may be hampered, because obviously now that the targets know that they are under investigation, and at this point, they may have to build a case on what has already happened or the evidence that is cumulative, and which may or may not be enough. we will have to wait and see what happens there. >>> and coming up we will talk to the former boss of bowe bergdahl, and worked with him in a coffeeshop in idaho. >>> and plus, new orleans quarterback drew brees and his message for other busy dads ahead of father's day. that

remember, it was way back five months before the option activity icahn took the 9% position. to buy way out of the money options, as jon mentioned, in such size, and then it was followed up obviously four days later by icahn's 76.50 cent bid for the company. i'm reminded before he passed away abelson told me he only read non-fictional books because the stuff on wall street was so amazing, fictional-like. >> what was your reaction when you heard the news late friday night and we've been transfixed on over the last several days. >> nothing is clear. but the optics are terrible. billy walters is a huge gambler and stock market speculator. you go back to the "60 minutes" interview he had three years ago he lost to tbig stocks and he used the word swindled by wall street repeatedly. then mickelson. he was widely rumored to have changed clubs back in 2004 from titleist to callaway, in order to pay very large gambling losses. >> which i should say, doug, has a never been proven and, b, denied by all the parties. >> and interesting thing, he was no john daly reputed to have lost $60

take as stake. >> that investor would be good ol' carl icahn. the board time to make decisions. dollar general jumping as well. family dollar up 13% as was dollar general. there is even speculation about the two getting together. there was a lot of action in the in the lower cost sales group there. liz: 60 points away from dow 17,000. are they ordering baseball hats, nicole. >> they're certainly feeling it will come sooner than later, liz. not that far away. [closing bell ringing] liz: as bells slows it down on wall street. let's look to see how stocks finished up. what kind of records can we give you today? we give you dow jones industrials to the up side. 11-point gain. s&p, we give you a record. move to the upside. grant ad point and 2/3. nasdaq looking good. not a record but up 14 points. russell surprised everybody. transports, we give you ladies and gentlemen, a record. "after the bell" starts right now. liz: clearly adam shapiro day as we got three records. adam: i will take that compliment. liz: jason pride, glenmede director of strategy

with the fbi agents. >> the probe centers around stock trades made by billionaire investor carl icahnthe fbi is examining whether mickelson, along with well-known sports gambler billy walters profited from information not available to the public. >> they're going to be looking at a pattern of trading in particular stocks and they're going to be look to connect the relationship between mickelson, between walters and between icahn. >> law enforcement sources tell cnn that back in 2011 icahn invested in shares clorox and then proposed a takeover of the company, causing a spike in clorox's share price. now authorities want to know if mickelson and walters were possibly tipped off by icahn, allowing hem to cash in on the share increase. >> with respect to icahn, you have to prove he deliberately leaked the information and it was privileged or very confidential information and that he knew it was at the time he leaked it. >> cnn could not reach representatives for comment. icahn told "the wall street journal" the suggestion he was involved in improper trading was, quote, inflammatory and sp

more details on carl icahn. >> i just want to say i know what image dragons are. i just waned to state for the record. >> right up there about sabotage by beastie boys. just to bring you up to speed to let our viewers know, we've broken news about the fact that carl icahn's taken this stake in family dollar. as of this filing he's taken a 9.4% stake in the company. what he wants to do he says the shares he believes are undervalued. they may also determine to seek shareholder board representation in these family dollar stores at least in the company if appropriate. also, wants to discuss with the board and management the expl e exploration of possible strategic alternatives. what's interesting about this is he's not the only big name fund manager in family dollar. you have also got big ones like nelson peltz's try in fund. they have a 7.4% stake, 8.5 million shares. also john paulson, paulson and company's john paulson has 6.5 million shares or 5.7% stake in family dollar. carl icahn just the latest name but paulson and peltz were already in family dollar. >> thank

icahn had a 9.1% stake in clorox early that year. then he made a multi-billion- dollar takeover bid causing the stock price to rise. mickelson and walters were trading clorox shares around that time. investigators want to know whether icahn shared information allowing walters and nicholson to unfairly profit. mickelson a five time major champion says he has been trying to block out the investigation while on the course. >> it's not, uhm, it's not going to change the way i carry myself. i've -- honestly, i have done nothing wrong. i'm not going to walk around, uhm, any other way. >> reporter: neither the justice department nor the sec is commenting. alexis christoforous, cbs news. >> icahn's, walters and mickelson have not formally been charged with any wrongdoing. >>> one of the two men killed in a bridge construction accident near sacramento is from richmond. a basket fell from a crane when a wire snapped yesterday in the town of winters. 49-year-old glen hodgson of richmond and a second worker were inside the basket and died in the

carl icahn and phil mickelson.emer chairman securities and exchange commission, truly one of the nation's experts on the squishing us, olivia. that is the word for the day, the squishing us of insider trading. to ae that, we talked grizzled prosecutor, douglas , to be kind, suspect of the reporting so far. it will be a most interesting morning. >> a grizzled prosecutor. looking forward to that. surveillance with tom keene and 25 minutes. >> let's turn our attention now to russia. you have given ukraine and next week to pay for this month's gas supplies. the countries will resume talks in brussels. over eastern ukraine continues. >> in three hours they will sit down for these talks in brussels. ukraine,russians, european union. the russians gave the ukrainians another week to pay their jets. ukrainians ponied up three quarters of a billion dollars on friday which the russians say they got today. otherwise, the details get messy. billione quarters of a are for february and march. they still owe gas from for the marts

that is direct quote from carl icahn. obviously if there is anything to that investigation doesn't seem like carl cares that much. any way, guys, back to you. very interesting story. we'll hear more about this later in the week. he will be pushing for merger between family dollar and dollar general, or something along those lines. guys, back to you. gerri: charlie, thanks for bringing us that. those are two companies our viewers know really well. thanks for bringing us that story. more breaking news from carl icahn tonight. i wonder, john what do you make of this? does this play into the story the disconnect between main street and wall street. >> exactly. the only way you're doing well in retailing, the very high-end and the very low end. these are deep discounters. these are chains that make walmart look pricey. a sign of the types. gerri: rich. >> look at job market by education level. if you have a college degree or better, there is not a jobs recession. the working class has been hammered and not yet recovered. >> we

mickelson, his friend billy walters and carl icahn. to enrich themselves? mickelson talked about the investigation at the memorial in ohio. >> i can't really go into much right now. as i said in my statement, i have done absolutely nothing wrong. >> let's talk about this on the business inside with christine romans and on the sports side with andy. welcome to you both. andy, i would like to start with you. phil mickelson didn't play very well. >> this is the worst stretch of his career lately. he hasn't had a top ten finish this year. he hasn't had one since last august. he missed the cut at the masters, which he never does. the u.s. open is the tournament he wants to win the most. he finished second a record six times. runner-up six times. so that's the only major he hasn't won yet. this one can complete the grand slam. he'll practice at the course this week. before he plays at the st. jude classic this weekend. he can't really play worse with this hanging over his head. it's probably not going to help. >> despite the drought, he's a

carl icahn talking about shareholder activism is completely legal.elissa: that is what the activists guy do. they have the dinners. they tweet like andreessen. >> that appears all the time. >> right. >> you can't bring an insider trading case on that. now if carl did a tender offer, official action says we're tendering shares at xy and z maybe you could get him on insider trading if he leaked that. here is the thing that you will have to prove mr. walters somehow gave a benefit back to carl. what did he give carl? melissa: why did they leak the story? >> they have nothing and really want, my view they want to put their stamp down on activist investing. i will say one other thing about this. they did not drop this case because newspaper reports or, they dropped it because did not go forward with the wiretaps not because of newspaper reports or carl owns a telecommunications company. they don't have probable cause. no probable cause. melissa: merck kel son is not squeaky-clean guy. he has been linked to gambling debts and -- >> whatever comes of this -

that's right, icahn making headlines again.or family daughter to put itself up for sale immediately and he's threatening a proxy fight. going directly to shareholders to get their support to replace the entire board, that's what icahn has been doing. icahn is saying such a step would be a last resort and he's making clear that his preference for the company's future is clear. he directed it to a letter in family dollar's ceo. icahn is saying he wants three seats on the discount retailer's board. they would make up a new committee tasked with exploring the sale of the company. earlier this month, icahn disclosed a 9.4% stake in family dollar, making him the largest shareholder. in response, the company announced a poison pill anti-takeover measure which would cap investors at 10%. in his letter, icahn says he discussed family dollar overnight. he said quote although we appreciated the cordial nature of our discussion, it was apparent that we have a strong disagreement over the potential future of our company. he goes on to say f

carl icahn is 9% holder puts in an unsolicited bid for the company. 7650.alls were worth a lot of money. there was rumors about ebay. and there was massive call buying here. back in november. there was 50,000 calls bought. december, 50,000 calls bought. these were one block. and then what do you see? still call buying in january and then january 22nd carl icahn puts out a proxy he's a 1% holder. he has no obligation -- these guys talk. they're invest -- investors. there was other reasons i can buy the stock too. they buy 50 call spreads. >> i think what's interesting is that the point that he is not an insider and doesn't have a stake large enough where he has any sort of position like that on the board. if we're chatting about trades, we're chatting about trades. >> the big deal is he's carl icahn and they're trying to send a message to people through names like this and he's making big headlines and it scares people. martha stewart scared people. michael lukin at the time scared people. we're going to be talking about it in the green room. knowing what i

icahn already owned clorox.f he was thinking about it -- and iably hef owned a bunch of it. >> 9.1%. >> so in some ways a fiduciary to that company -- >> he's not an insider. >> no, but if you have to file an s.e.c. firm stating a certain beneficial ownership of a company, i believe -- >> what happens if then your obligation changes. >> does he have a duty? -- >> he hasn't made a tender offer. so he doesn't necessarily have a duty to that. clearly they see expect they'll do what he does, and if he just happens to be giving it out to a billy walters, you know, is he taken information. >>> when you have fbi agents meeting one of the famous golfers meeting at the airport, you've got a story, son. >> a story with many more chapters. >> with the white house -- with sweeping new environmental -- we're going to debate the real impact. >> and it is mystery chart time. can you name this stop? it is the best performer inned s&p 500 over the past 30 days. the answer, later in the show. herb, if you know it, don't say it. i

this is old school carl icahn.e said give me three board seats or i'm going to take them all and throw you out. this is not a company that is so big they have the energy and resources to fight him off. >> he is the best bird dog on wall street. you can be haters and not like him, but when he finds a value, there is count let stocks he found that doubled, tripled, and quadrup quadrupled. >> i'm asking you, is the value in this space is this name? in. >> i think they all like the stock, but i don't think they're in love with it. i'm looking at dollar tree. what they have been able to do time after time and quarter after quarter. they continue to kill it in the space of the deep discount area. these are the guy that's have really gone after the wallmarts of the world in an extremely good way. >> coming up, one power lifter was going for a personal record thing but he forgot one very basic thing. worst trade of the day is just ahead. >>> before you buy gold, hear what our traders think about the rally. we have been ask

>> well, i agree with carl icahn.egic buyer can certainly come in, a dollar general or perhaps dollar tree. i don't see a financial broad buyer like a private equity firm coming in, the stock is trading substantially below their competitor. so, for example, sales to enterprise value is roughly about 0.7 to 0.6. when you look at dollar general, you're looking at sales to enterprise value 1.1, dollar tree is 1.2. when you look at profitability, let's just say it's woefully disappointing, comparing it to its competitors. operating margins of 6%, where you have operating margins on dollar general around 8.5% and dollar trees at 12.5%, so a strategic buyer could come in. now, management, let's just call them, well, just not amazing. it hasn't been an operating performs story for quite some time. therefore you can see why carl icahn is saying let's merge two companies together. they've been hampered by a plethora of issues, one, merchandising has poor, also the other thing is competition. price competition by the other two

he had some relationship with icahn, though icahn said he never really met michelson.tionship with phil and eye cannes. eye cannes told me though he is aware of who michelson is, the pro of them have never met. mr. mickelson and mr. walters of las vegas know him. there have been questions circling over the years over mr. michelson's gambling habits, but there appears to be no relationship whatsoever between phil mickelson and carl aye con. >> so everything traces back to william walters. is that right? >> apparently so. >> we've spoken with a number of phil mickelson sponsors. most aren't giving any comment and there a number of well known sponsors here. phil's a walking bill board for callaway golf, they supply him with his apparel and his golf clubs. they've given maybe the most forthcoming statement from any corporate partner we've spoken with saying phil has always acted with integrity, but everybody else is being pretty mum, including phil. >> cnbc's scott wapner. thank you. and katie couric is standing by with a look at her brand new project. next on "morning joe

a golf course owner and poker buddy of icahn. source says both men traded chlorox stock in late 2011. just as icahn was mounting an attempt to take over the company. now officials want to know if he shared information related to the failed bid with walters and whether walters passed along that information to mickelson. >> i have done absolutely nothing wrong. and that's why i've been fully cooperating with the fbi agents and i'm happy to do so in the future, too. >> reporter: icahn telling "the new york times" that to suggest he did anything wrong is, quote, irresponsible. billy walters had no comment. experts say determining exactly what information mickleson and walters were given is crucial. >> it's not a crime to trade stocks based on a tip you got from your buddy on the golf course. if you know somebody is giving you information is not supposed to be giving you and you trade on that, that's insider trading. >> reporter: past probes of high-profile investors have been infamously complicated. in 2004, martha stewart served fiv

carl icahn?harles: how about the notion this kind of stuff always happens and it feels nothing ever comes of it. >> we look at how we deal with that. >> there have been 77 insider-trading cases, these things happen all the time. charles: how many people went to church? >> your biggest concern is phil mickelson's golf career. >> individual investors may be worried about going to the market, they know these people. 73% of individual investors -- charles: they have mega, megamoney. they would not deliberately do something like that. >> mickelson is innocent until proven guilty. he has said he has done nothing wrong. charles: everybody named it innocent until proven guilty but that does not always work in a court of public opinion. >> mark cuban tweeted he has never spoke or met with phil mickelson yet he is the middle of a media firestorm regarding insider-trading. charles: talk about a guy who chases headlines for a living. maybe icahn let the gambler know who that phil mickelson know. they will al

now investigators want to know can mickelson and icahn were clued in on it. >> with respect to icahn, deliberately leaked the information and it was privileged and confidential and he knew it at the time that he leaked it. >> reporter: cnn could not reach representatives of icahn or walters. but atters told them the suggestion that he was involved in improper trading was, quote, inflammatory and speculative. telling the paper, we are always very careful to observe all legal requirements in all of our activities." walters told "the wall street journal" i don't have any comment about anything. so far, there are no allegations of wrongdoing and no charges have been filed against anyone in this case. >> it's not going to change the way i carry myself. obviously, i've done nothing wrong. i'm not going to walk around any other way. >> often when talking about insider trading cases, it's about somebody inside a company who is leaking information and somebody profits it. in this case, you're talking about the billionaire activist carl icahn, trying to go in and push change and get a big stake

it's tied to icahn's 2011 play for clorox. "the new york times" reports suspicious trading in clorox shares prior to icahn's bid, saying mickelson bought shares before icahn announced takeover intentions. clorox stocks jumped on the news. in the end, icahn ended his bid. none of the men have been officially accused of wrongdoing. again, it is just a probe. mickelson told cnn, "i have done absolutely nothing wrong." >> a lot of big names involved in that probe, as we're calling it right now. >> absolutely. >>> all right, this news hit a lot of us very hard last night. actress ann b. davis, the optimistic housekeeping on tv's "the brady bunch," she has died in a san antonio hospital. davis, of course, best known as her role for alice in "the brady bunch." the show ran in the late '60s and early '70s and ran on reruns every day about a hundred times a day for several decades after that. they have not determined a cause of death in this case right now, but she did hit her head in the bathroom saturday morning, never regained consc

billionaire carl icahn, let's get to him because we do have developing news here.ot slowing down. just last night the activist investor called for a merger of family dollar and dollar general. we broke that story here, we told you about it. but our own charlie gasparino spoke to carl, and he's here now with exclusive details on what carl says about, i guess his intentions. >> yeah. i mean, what i want to do is bring you, the viewer, our fox business viewer inside his playbook which is pretty interesting. very heartened byrge hedge fund ownership this family dollar. -- in family dollar. he believes most investors would favor a sale of the company. he tells fbn one potential partner? dollar general. keep that in mind, dollar general's in the same space as family dollar. they basically do the same thing. carl likes a deal which puts those two together. as you see, dollar general is up somewhat today on his vote. on his letter. he sees nelson peltz as an ally. we should point out that nelson pelts made a bid for family dollar about a year ago, backed off, got his son-i

icahn did exactly that. ka necessarily nell ked his word. but knowing you're as good as the other rumored stocks that they alleged insiders trade allegedly, dean foods, if this extended back to the clorox period, you caught a fantastic return here, as they spun off. really just giving you an amazing return. to anyone who traded dean foods, perhaps because they learned something they shouldn't have, it probably met next to nothing. you don't -- prosecute insider trading if you lose. however, the real gain is because white wave, a dealer in commodity-based products like soy, showed that its stock is anything but a commodity. what could be more commodity oriented than soy? soy milk? first was soy milk, now with lettuce. it's like turning lead into gold, but it's notice alchemy, just perfect management. company that is succeed in processings, plant-based foods? they're anything but commodities for heaven's sake. have you noticed how the ideas have played out at apple. they rolled out the new operating system today, and while that could be a long

. >> icahn was looking to take over clorox at the time, and federal investigators want to know if he off walters who then tipped off mickelson. mickelson says he's innocent. >> i have done absolutely nothing wrong, and that's why i've been fully cooperating with the fbi agents, and i'm happy to do so in the future too until this gets resolved. >> icahn also said he's cooperating. billy walters had no comment. >>> well, in washington, the search for those six climbers likely killed in an avalanche on mt. rainier is being scaled back. park rangers now say conditions on the mountain are far too dangerous to send ground crews in because of falling ice and rocks, and they say even helicopter searches at this time could be risky. >> unfortunately, this mountain is dynamic, and things change. there's snow bridges that can collapse. there's cornices that can give way. there's avalanches, and nobody is immune to that no matter how skilled you are. >> helicopter crews did find climbing and camping gear in the snow more than 3,000 feet below the climbers' last known position. their last communi

golfer phil mickelson, billionaire carl icahn and las vegas owner billy walters.uspicion for insider training. >> dr. david agus is going to look at new research giving hope to millions of americans. that's ahead. >>> it times to show you this morning's headlines from around the globe. the "times of london" looks at the arrest of a deadly shooting at a juicish museum. he was carrying weapons and a video claiming responsibility. security footage shows last month's attack which killed four people. the accused gunman was captured in southern france on friday. >>> and the "los angeles times" says last night's earthquake was raised to 4 president 2. it was centered in santa monica's west woods. it shook the fans of the los angeles kings. many tweeted about feeling the quake but quickly went back to watching the game. is that something i was drinking or -- >> the game. >>> new york radio news says casey case kasem is being watch. kasem's wife allegedly threw raw hamburger meat at her, something about she read it in the bible. >>> what's next for apple. that's right. the

the probe is tied to icahn's 2011 play for clorox. "the new york times" reports suspicious trading in clorox shares prior to icahn's bid for the company, saying both mickelson and walters bought shares before icahn announced his takeover intentions. clorox stock at the time jumped on that news. in the end, icahn dropped his bid and none of the men have been officially accused of wrongdoing. mickelson telling cnn, "i have done absolutely nothing wrong." >> interesting, though, three big names, business, sports. >> and it is a probe at this point, you know. it's an investigation. there have been no charges, but the accusation, the idea that you're probing something like that, very, very serious. >> and it's a messy one to boot at this point, now that it's gone public, perhaps earlier than they wanted it to. 11 minutes after the hour. >>> a major passing in the world of entertainment. ann b. davis, whom so many people know as alice, passed away. she died in san antonio at a hospital this weekend. of course, she played alice in the '60s a

it depends on whether carl icahn had a duty to the shareholders in his fund. clear that he even violated the law in this case. >> what the wall street journal did not get is an exclusive conversation with carl icahn. trish regan did over the weekend. pretty surprised by this. first he heard of it was in the paper. i did talk to him and he said, we do not know of any investigation, we believe that making inflammatory statements is completely a responsible on the part of "the wall street journal." of myd he is very proud 50 years of an unblemished record and have never given out inside information. i have said, while obviously heard of phil mickelson, i have never spoken to him or met him. i did some further reporting. i said, would this be a violation of securities? there is a role that says someone has a fiduciary duty. that if you says are planning a tender offer, you cannot actually leaked news of that tender offer ahead of time. carl did not have a fiduciary duty. did he have a fiduciary duty to shareholders in his own company? he was trading for his family

carl icahn, the feds say phil mickelson may have known that carl icahn was considering the move to buywhat they call some well-timed trades. so far federal officials have not accused these men of committing any crimes at all. but "the wall street journal" reports that the news of the investigation has hurt the feds' effort to secretly deploy wire taps. jerryie willis is on the fox news deck. how are phil mickelson and icahn responding? >> this is really interesting. icahn is saying, i've never met phil mickelson. don't know him. he says we don't even know of any investigation and what is more, we observe all legal requirements. mickelson had an interesting response. he was talked to by the fbi on a golf course at a tournament. listen to this. >> i have done absolutely nothing wrong, and that's why i have been fully cooperating with the fbi agents and i'm happy to do so in the future, until this gets resolved. but for right now, and hopefully soon but for right now i really can't talk much about it. >> and of course you're probably wondering what is the evidence against them? what is it

that is about carl icahn and family dollar.e fancy apps that is so and fancy, just the gunz -- the yo apps. it has been hacked, it is all fun and games until someone loses and i. we have reporters, who broke the story of yo being hacked. is this a sign of a bubble about to burst in the apps world? melissa: is time for a little fun with spare change. the sales pitch, delivery in 30 minutes or less. whatever i told you you could have a bouncer, and banner service at the same time? a company that has created a fast and easy way to book professional security. we are joined by the founder of gets bannerman and one of the banner men himself, adrian. thanks to those of you for joining us. let me ask are there a lot of people sitting around saying i need a bouncer in a hurry? >> great question. we are seeing a lot of businesses using that. art galleries, aquariums, restaurants, even offices. we offer on demand in 30 minutes but a lot of people like to schedule week outs or even a month out. melissa: how many calls the you get? of a sud

icon. -- carl icahn. >> are you a better company because of the steps carl icahn urged you to take?ome carl icahn's perspective. shareholders don't have two seats on your board. the representatives in our boardroom that are employed by carl icahn bring a helpful perspective. bring a new perspective and some fresh ideas and some valuable contributions to the deliberations and development of strategy that the board engages in. >> we thank you for your time this morning. walmart shareholders meeting is in full swing. we are headed to arkansas to can out if the new guy soothe growing concerns over the company's future. will california chrome take home the triple crown this weekend? we will discuss his odds. makers"watching "market on bloomberg television. we are streaming on apple is on -- ♪ apple tv. >> time for some top tech media headlines. twitter is trying to bolster its and reach. the acquisition was announced in a blog posting. be ceo of t-mobile might growing out of his pink t-shirt. john leger is said to be the top ceo candidate for the combined companies. the war of words betw

icahn is not nelson peltz. nelson peltz works quietly behind the scenes whereas ite i make something happener qui equ. i would not bet against the stock here and if this is your kind of thing, you might even want to buy it. >> up next, we'll find out how to trade apple stock split with a top rated tech analyst. and coffee prices soaring and some companies are charging you more. and time inc. making either debut. already a bull and a bear on that stock. but what if you could see more of what you wanted to know? with fidelity's new active trader pro investing platform, the information that's important to you is all in one place, so finding more insight is easier. it's your idea powered by active trader pro. another way fidelity gives you a more powerful investing experience. call our specialists today to get up and running. peace of mind is important when so we provide it services you bucan rely on. with centurylink as your trusted it partner, you'll experience reliable uptime for the network and services you dep

but he never even traded -- >> the icahn -- >> where they walked out on the golf course. >> the icahn/walter shares are on the other side. >> again, you just figured out he never traded shares? this is two weeks after they assaulted him on a golf course? >> correct. now, unclear to me whether the s.e.c. and fbi just realized that portion of it. i believe they were always focused on dean foods and the earlier media reports were inaccurate about the clorox piece. if you read the stories very closely, and i unfortunately know too much. >> you know everything. so why would dean foods been on anyone's radar. what went on in dean foods that would have been inside information for mickelson? >> i'm not sure exactly what was related but there was some kind of trade made in 2011 relating to dean foods that walters and he made ahead of -- ahead of -- >> inside information? >> i don't know. that's what's under investigation. you can't blame the messenger. that's what happens. >> that seems -- but the connection between -- what's clearly wrong the connection between icahn and mickelson. and day on

in 2011, ñzi carl icahn took sml stake in clear locks. everyone knew -- clorox, everyone new.oard, the company maybe should put itself up for sailor he said'll give you $80 a share. so, between that time, about a week into that, maybe two weeks into that, the stock started acting peculiar, late june, traiting at 66. july, more volume and got 67. and thena = one day, x million shares, almost ten times the average volume, with $70 a share. before anybody knew officially carl icahn's intentions. who knew, why was there so much buying? why third destock spike? something is -- >> doesn't that presage a lot of his moves on companies that something bubbles and then we find it's carl? >> but then why? >> so you think there might be something -- not these particular guys but the word got out. >> i got -- listen. one thing i want to do is let people know there are all kindss of crazy shenanigans on wall treat, despite all the rules and other things. i see it all the time. i'll see stock trade, up a dollar and a and a half, and its upgraded. somebody knew. i'm not saying anybody allegedl

they are trying to determine whether carl icahn who tried to buy clorox had shared information with phillson or mr. walters, and whether that violated federal securities laws. >> ok. from the perspective of the fbi or government investigators, do you need to travel and delay someone's departure on a plane if he is a professional and well-known golfer and you are pulling him off a jet? >> am i a big fan of the fbi who has been coming and trying to harass or bother mr. mickelson? that doesn't sound like the right way. do we know all the background information? did they try to reach out to him? if that were the case, they handle it in a much more professional and quiet manner. we have experiences -- i am not a criminal lawyer. i am a security lawyer. i have heard stories that they will have someone raking leaves at their house and the fbi shows up and tries to spook the person to communicate things that they might not have shared. >> the come meet me in the office conversation usually comes with an attorney, correct? >> if you talk to the government with a lawyer, you are crazy. there are s

my wife, and it would be carl icahn.eople i want to keep happy from the time i wake up to the time i get to sleep. what they both have to challenge with is if the economy actually improves, those customers are going to migrate right back to where they came from and that's walmart. so the timing is good because if we get any kind of sustained growth in this economy, they are eventually going to start to see that their revenue is going to be moving back upstream. >> we'll leave it there for now. stick around and catch tim seymour with the rest of the "fast money" crew at 5:00 p.m. so much to discuss. plus, they're talking to the ceo of a company looking to take on amazon and google with backing from bc heavyweight mark andreson. >>> more pain at gas pump may be on the way. >>> private equity legend jay jar done sa jordan says if you're in the stock market, be worried, be very worried. you're watching cnbc, first in business worldwide. tdd#: 1-800-345-2550 trading inspires your life. tdd#: 1-800-345-2550 life inspires your

and other report alleging that billionaire investor carl icahn, phil mickelson, and las vegas gambler walters are under investigation by u.s. authorities for insider trading. the reports have sparked action from the legal and sports world. we have the former security exchange commission enforcement attorney. i am glad to have you here. do you think you can make this up or is this something that can only come from the government? how did this happen? how do you describe this? validation or clarification that carl icahn has been circled any subpoena or any other breach by the sec. we started investigations and we always started from the bottom and work to the top. >> didn't start by looking at an article in the newspaper? >> maybe some cases. where there is smoke, there is fire and you need to pay attention to it. that, you read a story in the newspaper about a potential or investigation that there are no named individuals and there was another story that says the ongoing investigation has been compromised by the leak of the information that may have been an investigation in the first p

so the thing, essentially, remains dormant until carl icahn had no idea this was being investigated,that's kind of a routine call, you know? and he didn't know anybody. reporters started calling him on friday. he had no idea that this was -- liz: so that's how he found out. >> now, we should also point out that along the way apparently feds considered taping his phone, doing a wiretap. my guess is they didn't have probable cause. this is a very complicated case -- liz: let's just be clear, you're allowed to tell somebody i may consider buying chlorox. >> right. yes. you can't -- apparently, and i don't know if this is true, you know, you can't tell someone that you're going to put an official tender. but you could talk about your intentions all day long, and not considered material non-- liz: he's not the ceo of chlorox. >> that's the whole thing, if he was, or if he was a member of chlorox, that would be an issue that would be stealing information from the company. since he's outside, whole different set of circumstances, that's why it's probably not going to be an issue with this u

. >>> and now new details of the insider probes involving golfer phil mickelson, and carl icahn and whatbout this? >> well, chris, they are looking into the stock trades by mickelson and golf course owner and renowned gamble billy walters. the investigators want to know if walters and mickelson traded on information given to them by carl icahn. nobody has been accused of wrongdoing at this time, but phil mickelson says that it is not true, and icahn says he did not give any information. what happened is that sir icahn bought shares of clorox, and then he announced a unsolicited bid on that, and so then the stock increased, and so there is an investigation as to whether walters tipped somebody in that case, but at this stage, we are finding out what happened, and i can tell you that cnbc has never given us any inside information. >> and our car payment has reached the all-time high. >> and we have debt, but it is relatively low interest rates and people are taking advantage of this, and auto buyers borrowed the record amount, and the average payment climbed to the all-time high of $474. a

i've known carl icahn over 30 years.u that the isn't involved in this deal and i hope phil mickelson isn't. i can't imagine. and i don't know the other fellow. a person who is supposed to be opposed to increasing the powers of the european union. they don't like the european union. the british prime minister saying they sent a message of last week's election theft the you has become too big, too bossy and to interfere in. possess sound familiar? for more on the surge in europe in which means for our country, the treasur treasurer of the hee foundation margaret thatcher foundation for freedom and former aide. good to have you with us. i haven't seen a lot of coverage of the surge with the establishment would say the scourge, what do you make of it? >> it is great to be here, thank you for having me on the show. we are seeing a significant rise in opposition to what is known in europe as the european project, this idea some sort of european superstate. i think david cameron's words cap for the views of millions of people i