bill ackman hates the company, carl icahn likes it. icahn's long herbalife, shares of the nutritional shake company up some 26% over just the last five days. we'll see if the pendulum swings the other day when herbalife's earnings hit the tapes after the bell. i'll have those numbers the second they come out. >>> as we look at all these deals monday, we take it to wall street. as we mentioned, carl icahn, family dollar and dollar tree. they've agreed to roughly $8.5 billion, and that's just today alone. so safe to say that uncle carl -- did i say that right? >> uncle carl. liz: uncle carl is feeling pretty good, charlie. can we say that? >> here's the thing, when we first reported this, what we really brought to the table was that carl was pushing for this company to be sold, okay? the one company that he mentioned to me when we spoke at the time was dollar general, right? as a potential purchaser. dollar tree came up to the plate today and bought it. so that's kind of the interesting thing is carl icahn is back. this is a clear win. y

, icahn who?cahn is calling. i'd call mooifls myself, i tried to be friendly, do me a favor. he won't be back for a week. just tell him, i'm sure can you disturb him. >> yes, i know. i know how to get him. ten minutes later the phone rings. he's on the phone when i call. okay. because that's the only way you can get these guys literally off the golf course in many cases and i want to make very clear there are very good guys around and i really like -- >> there are mr. ceos you like. >> the other guys i think do a dam good job. there are plenty of them. >> you looked at me kind of funny. >> i didn't hear what you said. >> i said. >> i don't hear too well. you mumble sometimes. >> i said, ha, ha, ha. i said, there are plenty of ceos that you like, right? >> yes. yes. >> i thought it would be funny i thought you said is there aren't any or something like that. there are plenty that i like and think do jood jobs and i respect them. sometimes you meet the ceo, by the way, as we did at cvi, so we had th

let's talk about some of carl icahn's greatest hits.icahn says time to be conscious last week in the us stock market. i was july 10, 2004. he goes on to say it's time to be cautious about the stock market. warned stock market could face a big drop. counselor, right? this was 2013. he went on to sam very cautious on equities today. this market could easily have a big drop. carl i can want of another downturn that may lie ahead. march 11, 2011. that's right he joined the growing chorus of property investors warning of another downturn ahead. he said, you have to be my optic, if you're not least concerned that there might be a major correction. carl icahn said the second downturn could cost a bloodbath. october 2009, the billionaire investor warned of a potential for a second economic downturn that could cost serious pain for investors. if you don't give a double dip recession they will start coming down. it will be a bloodbath. let me set the stage. from a macro point of view this is what we need to see. we need to see the us economy pick

griffin, carl icahn. >> you can't beat carl icahn for colorfulness, let's be honest here.ts from last year was a joke icahn made to you that the only way to get a complacent ceo off the golf course was to tell them that icahn falled a 13 billion d. as golfer phil mickelson earned earlier this year when fbi questioned him about icahn's handling of a 2011 clorox investment after a tournament. this is just one of the topics icahn who has denied any wrongdoing may talk about on wednesday. during the past year, the market has seen both sides of icahn, the agitator and conciliatoconc. he's taken tough stances on family dollar, the discount chain he owns more than th9% of. meanwhile, he also took on warren buffett for going too soft on coca-cola's original executive pay plan, a plan that it now appears to be amending. of course he took aim at big ackman. he also made peace, though, with a number of parties. ebay whose management he once described as incompetent became a surprise alley to name a new director to its board. he went friendly on apple after it adopted an enhanced shar

. >>> also, icahn's big gain. why the billion mayor investors may be looking to give bill ackman another hug. the incredible two-day swing in that stock, "halftime" will be right back. in today's market, a lot can happen in a second. with fidelity's guaranteed one-second trade execution, we route your order to up to 75 market centers to look for the best possible price, maybe even better than you expected. it's all part of our goal to execute your trade in one second. i'm derrick chan of fidelity investments. our one-second trade execution is one more innovative reason serious investors are choosing fidelity. call or click to open your fidelity account today. chocolate is very individual. white chocolate lovers don't like dark chocolate. milk chocolate lovers don't necessarily like dark or white. before we couldn't really allow the consumer to customize their chocolate. we needed a scalable cloud solution allowing them to select what they are looking for. now there is endless opportunity to indulge. customization

icahn. he says, you know, a down to earth guy and my buddy, the board comes with the plans of these two architects all dressed up real nice and he comes out. we put this plan out. we're all smiling, look at this great idea. enrich me. i'm looking, wait a minute. hold everything. rich i promised you when i brought you in, from another casino, i'm not going to micromanage especially when you are doing so well. so tell me the truth. what do you think of the idea? everybody is staring at him. he says dumbest f-idea i ever heard. he says, and i reached over and i tore up the plan. and that's how you should run a company. let the ceo run it. don't interfere with him unless he's doing badly or, obviously, unless you got secular changes coming on. when you have secular change, when you have major things that you have to do or raise capital, that's what we do we raise capital. >> carl, there is a time, though, when the board needs to get involved. >> i know you disagree with this a little bit. >> no,

what carl icahn did, minute he took the stake, this shows us he is back. i asked the other day, why do we care for carl icahn? look how much money he made for investors. if you bet his play you made a lot of money. he smelled this one. i know this for a fact. he saw a board somewhat dysfunctional, one holdout, nelson peltz's son-in-law wants this thing sold. he is on the board. heavy hedge fund investments. hedge funds are big into family dollar. put that all together, carl's activism and this thing was ripe. >> lesson to learn is follow carl? >> stands to make, reports indicate 131, 140 million. >> 70. >> the question, could go higher. so the question is, what happens to apple and navistar and transocean that carl is agitating for change too. melissa: what is the answer? >> i would always -- melissa: depends on the company. >> i would say play it by ear. this is one thing i know about carl. he gets most, some of what he wants most of the time. and every now and then he gets something like this. that is why i like following him. listen, did he lose on appl

we have a fund manager who uses the same tactics that icahn and other activists do. he puts together fund of 30 or 40 activist stocks. he tells you what they are. cheryl: tomorrow's big jobs report less than 24 hours away, we want to know your predictions. will it beat or miss the 212,000 new jobs estimate for june. tweet us @fbnatb. your answers coming up later in the show. ♪ [ male announcer ] once, there was a man who found a magic seashell. it told him what was happening on the trading floor in real time. ♪ the shell brought him great fame. ♪ but then, one day, he noticed that everybody could have a magic seashell. [ indistinct talking ] [ male announcer ] right there in their trading platform. ♪ so the magic shell went back to being a...shell. get live squawks right in your trading platform with thinkorswim from td ameritrade. cheryl: shares of motorcycle maker harley-davidson falling today following an analyst downgrade. david: let's head back to nicole petallides on the floor of the nyse. don't diss my motorcycle stock. >> you have to love hog, harley-davidson

carl icahn involved in it. popped up.hink the important thing to remember is, all of these names have some real distressing things before it. the street hates this name. revenues are flat. buybacks doing more than cap backs. so, you're looking for a short-term pop. but look out below in case they get this wrong. >> and they're trying to figure out who the activist could be. not a surprising target. retailer under some distress. >> well, this is the quickest way for people at home to lose money, chasing these calls. here's the thing. i'll give you two examples, whole foods and lulu. who knows what it was? restructuring coach, too. all of them are back down to the lows. and family dollar has almost filled in that entire gap since carl icahn made that accouncement. >> 6 million shares. >> look at the options market, though. >> well, no involve today. 6 million. a week ago, it was 19 million. >> well, the point, people can't help themselves. if a big name is going to get involved, and they think they can get ahead of it. the

carl icahn is cutting back.ng his stake in family dollar, a target of one of his activist campaigns in recent months. jackie deangelis is at cnbc hq with all the details. jackie, where is your division focusing now, then? >> good morning, julia. that's the thing investors are focusing on this morning. icahn unloading more that a third of his stake in family dollar just takes cdays after t company agreed to a 8.5 billion buyout from rival dollar tree. icahn sold 3.8 million shares, lowering his stake from 9.4% to just over 6%. he had been family dollar's biggest shareholder, but is now the third largest. he comes behind howard levine and fellow activist investors nelson peltz. he believes his capital could be put to better use elsewhere. icahn mounted a public campaign last month to get family dollar to put itself up for sale. he claimed that the company was being poorly run and lagged its competitors. in a statement on monday following the dollar tree offer, icahn welcomed the deal but still hopes that a higher

family dollar, carl icahn is involved, same thing.on as the announcement came up the stock did that. take a look at this. traded down afterwards. take a look at maybe one of the most well-known cases, jcpenney and bill ac man. when he got involved, stocks shot up. basically went sideways for an extended period of time. he bailed out after it went down here. the important thing to remember is all these names have some real distressing stories behind them. the street hates this name. revenues are flat. the only eps growth is coming because of buy-backs. what you're looking for is a short-term pop, but look out below in case they get this wrong. that's why they're using options to make their bullish bets. >> people are going to game this trying to figure out hot activist could be. not a surprising market. retailer under some distress, one that people don't like -- >> the truth is this is the quickest way for people at home to lose money, chasing these calls, short dated calls, when implied volatility, the price of options gets so jacked.

carl icahn among the shareholders there. and dollar tree's up 1.33%.u, what would you call the combined entity? some of the favorites were family tree. suddenly, it becomes a genealogy company. $2 tree. my favorite was the tree dollar store. a little inflationary there. at any rate, we'll see if it is consummated. then you had zillow buying trulia for $3.5 billion. trulia as a result up 15% today, and even zillow rising a little bit. now we wait for herbalife's earnings after the bell tonight. we all know the history with this company and all the angst and everything that's gone on with bill ackman. look at the volatility just today on this stock, and it's going out with a gain of about 1.5%. i think you can pretty much guarantee it's going to be volatile after the close when the numbers come out and kelly will have that for you shortly. i'm running out of time here. tom lydon, you probably don't buy herbalife, do you? >> i don't. mostly hair care products. >> yeah, we can't split hairs on things like that anymore. bob pisani, big week coming up. we've

. >> carl icahn and mr. peltz involved as well. peltz said we are not satisfied. i think they're satisfied this morning. >> they had better be. hasher company, google spent 4.2 million acquisitions. andill speak to mr. levy get his take on why they are spending so much money. we will be right back. this is "bloomberg surveillance." >> good morning everyone. an important morning with the news on virgin america. robert will be in the loop with betty liu. david kush worked with bob ages ago. them -- i ampo for a full fan, full disclosure. good morning. with me, olivia sterns and adam johnson. get us going on tech m&a. >> business is booming. we saw that with family dollar and dollar tree. nearly twice the level of last year. one of the players is google. they have tripled in the first half of the year to $4.2 billion. our guest is stephen leavy. he is here to help us figure it out. also, michael, the chairman and ceo of asset management. you are the expert on google here. you did an interview with who you say will be the next ceo. they have all these acquisitions. th

icahn publicly coming into the shares.nd so we know he's got a great nose, a great feel for these kind of situations. it was previous to that that family dollar told us it was at least exploring alternatives they did open up that process in the winter. they got approached by dollar tree. the big question that everybody's asking, where is dollar general? based on conversations i've had they were aware of the process. i don't have the answer to whether or not they believed they were only bidder and therefore were not moving with all apparent speed. also, the decision by their ceo to step down next year may have figured into their not participating here. for this deal, it's 11.3 times trailing 12 months ebitda, that is march&to march 14, a high multiple. dollar general in 2005 or '06 done at 11.1 times. they're saying we got a great multiple. without dollar general being a part they did well for shareholders. dollar tree stock above the top of the collar, so-called collar where conserve val ushg if it were to fall, it rising

>> i think carl icahn and his greed is destroying -- melissa: his greed? >> i think it destroys companies. in terms of family dollar. such a wonderful company. charlotte-based, philanthropic the owners. they're seeing profit come down. i think the problem with family dollar it is about the economy and fact that even though people are employed and jobless claims are down, we don't have the money we used to spend, even at a dollar store like family dollar. melissa: dollar store, if they don't have money should stop there more. >> i disagree. if you look at their most recent filings, revenues, the money that comes into the cash till was actually quite up, right? >> same-store sales are down 1.8%. >> i don't think you can make total judgment on the u.s. consumer then because they're actually making a lot of money. transmission from getting money in the cash register to putting into shareholders -- >> exactly why carl icahn says should put up for sale because they have bad business practices under the hood. melissa: aereo are not ready to cut the cord. they say

i think colgate, which carl icahn did look at a couple years ago, we talked about it back if 2011. i think this one could be getting into play again. they were buying very cheap options here. i think that is not a lot of risk. >> the monster. >> oh the monster. >> all right. after the break, the moment you all have been waiting for. brian kelly and dr. j. going head-to-head, plastic glove in the battle royale over boeing. we want you guys at home to set your smartphones, tablets, pcs, get them ready. you can join in on the conversation and vote. cast your vote live cnbc/vote. vote as many times as you want. >> i will. >> they are finding out after the break. stay tuned. if you have moderatee rheumatoid arthritis, like me, and you're talking to your rheumatologist about a biologic... this is humira. this is humira helping to relieve my pain. this is humira helping me lay the groundwork. this is humira helping to protect my joints from further damage. doctors have been prescribing humira for ten years. humira works by targeting and helping to block a specific source of inflammation t

among them, carl icahn. things didn't pan out as he expected with dollar tree winning family dollar over instead as courtney just discussed. icahn woke up this morning $100 million richer. and now with the stock trading even higher this last hour, i believe it's at all-time highs. he made about 159 million on paper. peltz isn't far behind him. got into the stock in 2010, he's up substantially and with more than 7% of family dollar in his portfolio, overnight earnings look to be about 124 million. finally, john paulson who made his name in the 1990s is up about 96 million overnight. he bought family dollar the same year peltz did and obviously it proved to be a great pick both for this year and over the longer term depending on where you got in, you could be up -- i haven't even done the math on other guys. could be billion dollar range. >> those guys were delivering alpha two weeks ago. they made more money in that time than you and i have. >> more details on what they had to say at deliveringalpha.com. obvi

. >> finally, karl icahn will be a guest here later today. does he have anything to worry about from your office. >> i have no comment having to do with your guests on your show. >> up don't want to comment on any of our guests. >> no. >> thank you very much. u.s. attorney for southern district of new york. back to you. >>> nice try with karl icahn. a lot more coming up from delivering alpha. that was a good one. >> it was a good one. yeah. karl icahn coming up in about two hours. >> also coming up on the show, time warner turning down a big offer from fox. surely more offers could be coming in this industry. which companies should you be looking at. look at potential buyers and sellers and a lot more from delivering alpha all coming up on cnbc. >> today's big story, rupert murdoch company making a massive bid for time warner. time warner reject that offer. sore broke the story this morning for cnbc. that story is a hot topic at the delivering alpha conference. take a listen. >> time warner great assets. hbo, warner studios, content is king.

. >>> it is another great day to be carl icahn. last week it was the big move in herbalife.lar store deal. billionaires carl icahn, nelson peltz, john paulson, three of the top five shareholders in family dollar which is being bought by rival dollar tree. kate kelly joins us now on set with that story. it's an interesting story. somewhat unexpected in that most people were looking at dollar general to be the buyer. >> absolutely. >> until a change of leadership sort of changed the game. >> ri it really wasn't clear what was going to happen. and i was just going to mention that. this was not the deal that carl icahn specifically had had sought out which as you mentioned was family dollar/dollar general, intended to beef up the executive ranks of what he considered to be a mismanaged company. but it's nonetheless a deal that's made him a bundle already, more than $100 billion since friday alone. and those other hedge fund managers you mentioned are are also doing well. one of them, nelson peltz whose first 13d filing on this company interestingly enough was issued four years a

this is not carl icahn, who says, go fish, this is my money.o sticknvestors going with him through this? >> i think they have done very well. when you look at the other ofngs he has got going, 34% his stock is short. this stock is short. when you go public, there is an entire industry. wall street is about buying stocks. there are few analysts with a huge rush to short stocks. still does not happen to the degree it should. >> of shorts expire in january? >> they do. the clock is-- ticking. he has to go all in. >> the smoking gun he has to find, when 34% is already short -- it is harder and harder. >> i think one way to contrast this is to look at what david einhorn did. he is the one who started this 2.5 years ago by getting on a conference call and asking a couple of somewhat innocuous , whichns, but well-timed tapped into investor fears. he never said whether he was short or not, and ended up getting out of the stock, presumably with a good hall after the stock took a 20% dive. bill ackman has come out with a public case from the get-go, cata

family dollar is under pressure from carl icahn.y missed the forecast and the business review is still ongoing. openompany still lance to 525 new stores while opening 400. carl icahn would like for someone to step in and buy family dollar, but it's unclear who that would be. united continental holdings mother stock we are watching all stop shares climbing after announcing each seat flown a mile rose more than analysts estimated. the improvement in domestic routes was what southwest reported and airlines as a whole are on the rise today. american airlines also reported yesterday, talking about margins that would be better than estimated. a good couple of days for the airlines. we will have or on the markets in 30 minutes. ♪ >> welcome back to bloomberg " online." i'm matt miller in for mark crumpton. the hunt for yield has made speculative grade loans quite popular. but if buyers ask for their money back all at once, it may not be so easy to get it. some analysts are saying they should watch out. lisa bromwich has been following the

it was around 30 when he started shorting, it shot up when carl icahn got involved, at some point heered his short and replaced it, he did a commodity play, and so it is hard to say how much he lost or gained or broke even. liz: it is millions and willia williams. carl icahn said i like this company, i love this company, another big investor telling fox business the other day. >> i would say this, bill ackman should come on with me, should explain it to me on fox busine fox business, you can give all the softball interviews you want to all these other reporters, it is not going to matter as much to the average herbalife investor unless you talk to me because people who trust, they know i have no horse in this race, could not care if went out of business tomorrow, i'm covering this like baseball. we supply you with herbal tea. liz: a little chest book cooki cookies. >> he won't come on because we will ask the right questions we bring up with everybody. when i interviewed the cfo, i asked melissa frances and myself have tough questions, you were on with me with dennis walsh, tough ques

patrick, you agree with carl icahn, i understand. >> yes.wo things to drive this market forward. there's valuation momentum and earnings performance. last year, two-thirds of the gains from last year came from multiple expansion. that's fine. there are years where people expect it to get better. but usually consequence years performance is about delivering on that. and so this is why second quarter earnings season is going to be critical. we need to see whether the actual performance is going to put some foundation underneath these stock prices. >> are you making a bet on that right now? it sounds like you're skeptical. >> no, it just needs to happen. you know, the numbers that we're seeing for the second quarter look strong. they look like there's a rebound taking place. and we think that they're -- actually, it's a little bit more cautious than the consensus about earninges this year. we think it's going to rise about 4 1/2, 5%. but that's good. anything that moves in the direction of actually put something foundation under the stocks rise

is ahing like carl icahn great example because it was very public it was no secret.had a situation earlier this onr on one of the boards i'm and i reached out to meg whitman who gave me on believably great advice which was helpful. >> give me an example of a time -- an example you can share details on when you are in a crisis and you handled it either the right way or the wrong way. >> i have done both. at ebay that we were rolling out a new feature because we we knew better and it itld change everybody, forced everybody to it whether they wanted to go to it or not. an unbelievable amount of damage. we had to roll it back. stood to apologize and we firm for two or three days well everybody got more angry and started selling their ebay memorabilia and everything else. i would say that's one we did not do well. theher one was 9/11 when trade towers went down, people were selling rubble on ebay within 30 minutes after the crash. we decided that was not ok. we turned that around and in four days, built an unbelievable governor raisehe a ton of money for charity. >> you m

was investor activist carl icahn's pick.spent time sharing with brett arc big believer in the stock and argued with his dad over when and where to sell it. the elder icahn took shares off the table for over $800 million last october. call corps was the second runner up by a hair. leon cooperman offered ten offers and most by strong double digits. at delivering alpha last year. cooperman said the brazilian care call corps was dramatically undervalued. it would be a nice position to share cash to shareholders later in the year. finally mckesson was called out by larry robinson, an expert on health care investments in recent years, he's done trickally. he predicted margins would improve at the pharma stock and any incremental improvement could lead to big gains. there you have it, a compelling blue print for what we hope to see more of tomorrow. maybe cooperman will do ten out of ten over the coming 84. >> that will be quite the record for leon cooperman. >> he's the man. >> who would you stick with? >> mckesson. i think netfli

melissa: carl icahn not feeling so bullish these days.he billionaire investor telling reuters, in my mind it is time to be cautious about the u.s. stock market. are you cautious yet. >> i'm not. icahn might be because he likes to pick off good companies. melissa: doesn't it feel like a bubble? >> p-e ratios out there in the mid-teens. most of the bubblicious periods we've had in stocks in previous years or previous periods have been 20. >> above 20. >> above 20, especially in tech. you're seeing reasonable valuations given fact earnings are growing. wells fargo, revenue beats. we may see revenue beats stronger second quarter. >> corporate profits at higher level we've ever seen. look at headlines don't want to be in the stock market. you're spiting yourself. they're making money. corporations are making money. government is a mess but corporations are making money. >> they're making money but he is reflecting what a lot of average americans are filing. they don't see rest of the economy making up with market. they're still unemployed and

carl icahn has a very good point. cheryl: what about overall as far as retail.a big winner, which i can get interesting if you say family dollar suffers on the urban side then i guess the burbs we are seeing cosco do well. >> cost was doing well, but part of the reason why is because inflation. cosco's inflation is about three-7% in meet in delhi, so it may be-- i don't want to go near walmart or cosco. i want to go to starbucks and schiphol tate who is benefiting from all the traffic that go out shopping. cheryl: overall if you look at the broader picture of what you south retail sales today how is the consumer in a broader sense? >> they remain resilient . they just don't want to shop in between the holiday period. even when there is a holiday period 30-to 40% off is not going to get them in the door, which is why things will see the next wave of store closures coming. in february 2015 there will be a lot more. cheryl: overall, if you look at the consumer picture and you look at retail stocks you would think we would have seen and we did see someone of a rebou

carl icahn is reducing his stake if family dollar.l recall with the acquisition yesterday his holdings were worth somewhere north of $100 million in terms of the game. he is reduced down to 6%. melissa, of course, carl icahn had pushed for a merger with dollar general. instead, and he thought that that would have been a better deal. apparently, he is going to take his capital now and deploy it better elsewhere according to filing. >> amazon a one-time internet darling down 11% since reporting on thursday. the stock hasn't had a bounce since last week's sell-off. dan nathan found a correlation between the media appearances of ceo jeff besos. >> it has nothing to do with the fact that sales year over year and the quarter were up 23 first half percent. they made 40 billion in operating profit on that. you can go back and look. besos is a visionary. he's redefined so 'different industries, primarily ecommerce. think back to 19 fine when he was fee cured at "time's" person of the year, look at that cart right there. in the year since that

carl icahn is happy tweeting out great day for icahn associate stockholders. he made another 100 million. >> all in a day's work. thanks for coming by. >>> two deals down. it's still going to be a huge week on tap. you got the fed. you got friday jobs number. you got a couple hundred other earnings reports yet to come. what might be the most important thing for you and your money? we'll dig into that coming up. >> we'll hear from one analyst who says pandora will soon be a penny stock. we'll press him on that bold call when "street signs" returns. my motheit's delicious. toffee in the world. so now we've turned her toffee into a business. my goal was to take an idea and make it happen. i'm janet long and i formed my toffee company through legalzoom. i never really thought i would make money doing what i love. we created legalzoom to help people start their business and launch their dreams. go to legalzoom.com today and make your business dream a reality. at legalzoom.com we put the law on your side. >>> a huge week on tap. let's bring in steve liesman. what's

carl icahn who will hopefully shed light on its latest plans for family dollar and new jersey governor chris christie. i'm always looking forward to talking to ken griffin. in addition to managing $20 billion in his hedge funds and running a major marketing business, he has views about the banking industry, including a desire to see it broken up that he shared last fall. >> glass steagall actually makes a tremendous amount of sense. it's not appropriate for the securities trading operations in our country to enjoy the taxpayer support implicit in fdic insurance companies. so the first thing i do is pull the securities businesses out of the banking system. i would, in a sense, debank goldman sachs and morgan stanley. >> that notion becomes particularly interesting in an environment like this one where a bank like the embattled credit suisse is looking at selling off a substantial piece of its banking business. and citi just reported another down turn on monday are seeing flagging revenue amid higher capital requirements. citi, by the way, has been a major holding of citadel for some tim

i said there's got to be a reason carl icahn stuck with this one and here's the big trade today.teps in and they buy a whole bunch over 11,000 of the calls. these october 55 calls. they're betting about $1.50 above where the stock is trading right now. they bought more of the open interest. these are moving up rather dramatically here. i think the stock goes a lot higher. i'm long the stock and i'm long these calls. in ebay. >> anytime you see any unusual activity, these stocks tend to move on the kind of information that doc is uncovering or noticing. you guys bullish on this name or not? >> i'm not fundamentally, but if you look from a technical stand point, if you have a chart up there, from the high 40s, the stock rallied into the mid 50s several times. at least three or four times. i hope he does well with it. >> doc, how long are you going to be in here. i would say at least a month, judge. because these are october calls. it's not something they buy for a quick pop. it's one they buy for a longer term investment. so i'll probably be in it for about a month. >> all right. l

. >> in the wake of the session, icahn's reportedly promoting caution. >> nadella promises change is coming to microsoft. >> wells fargo recorded profit of 1.01, in line, and john stump says the results reflect quality driven by an improven economy especially in the housing market and cited the bank's continued risk discipline among the big met trirics and that fell again quarter on quarter as banks are squeezed by low rates, but mortgage originations up quarter on quarter, nothing like last year. >> $11 billion quarter to quarter increase in mortgage originations, 1.1 trillion dollar deposits. >> that took my breath away. 1.1 trillion. >> you see that number, and first thing you think, okay, did they put the number of 0s correctly? that's why it's not considered to be up to snuff. they have too much money. >> we all wish we had the problem. down five basis points, looking for down one. i don't want to focus on it because everyone else is, but this is a juggernaut and the credit numbers are fantastic, bullish, and if people are not satisfied with this, they will not be with other ban

shares of 77 energy popped after hours on news that activists investor carl icahn took a nearly 10% stake in the company. the stock was up about 5% initially after hours. during the regular session, shares were down 2% to 24.6 2 fl. >>> a new battle front at the grocery star, farm to tables for healthier more natural foods. which companies are winning. >> reporter: everybody eats but what we eat and when we eat is shifting. that's keeping grocers on their toes offering the right products. >> desire after another in a food retailer has to be prepared to move quickly as those demands from that customer happen or change. they have to be abl to react quickly and get the products and services necessary to keep up with it. >> reporter: organic, gluten free and protein packed, consumers craving for healthy has cheshaken up the snack food isle. emerald brand said revenues grew at least 10% last quarter. kettle brand chips landed on many top health snack lists. boulder brands and annies are offering gluten free ods. the analysts david palmer counts as winner. >> the natural organic spice is son fi

it is just a year on the sunday night with the law of the icahn and paul bacardi.were eating at the creamery in omaha the now famous photo has got up viral and has 2000 lakes. -- likes. but a security guard itself of the stand back. of virginia been says that he has clave the kingdom in africa specifically and purposely so that his daughter to be a princess. the country clear as a lynn so he planted a flag and that way he did say that his seven year-old daughter of lee as a princess.

carl icahn campaigned to get e bay to separate the unit between the act and company but david marcus, the head of the pal pal unit left for facebook. ebay stock is firmly in the red but telling clients to buy. they argue paypal will remain a dominant player. the busy week is capped off with a big name, google. investors will focus on search volume and search pricing, which has been falling. that's because advertisers don't want to spend as much on mobile ads but the company's very strong share in the core search business. tech is an economic sector so it's a bet on the global economy. josh lipton, "nightly business report", silicon valley. >>> now, as for retail earnings, those reports will come out in a few weeks but investors got a lot of ominous hints this week they will not be so good. there was a course of complaint from one big retailer after another saying sales are week, the reason, not the bad weather like the winter but the blame goes to the consumers. consumers aren't spending like they used to and as one ceo put it, they are in a funk. >> reporter: rent a center joined the

this is a big win for karl icahn owning 9.4% of the shares. so you have triumph management opening 7.3%. and john paulson and company 5.7% onnership steak in family doctor as well. so the van guard there obviously doesn't have their funds here. john paulson looks to be whipping big. dollar general is twice the size of family dollar. the market cap is $12 billion. family dollar's cap is $6 billion. dollar tree is twice as big obviously using family dollar as 11% decline over the past few years. so. >> management is saying, from dollar tree, that this acquisition will extend their reach to lower income customers. and they say strengthen and diversify the store up front. >> you know who this puts pressure on as well. >> walmart is trying to expand into smaller stores, not the super sized stores, and with the head of walmart's u.s. stores just stepping down last week, there's been a lot of questions about the strategy or if she'll continue to be smaller with these stores. >> jim tweeted out both compa companies here, now you've got this national f

. >> family dollar profits fall for the third time as carl quintanilla icahn continues to push for the sale of the company. costco, sales flat in premarket despite same store sale numbers strong. >> allergan fights back after the bid to take it over. we'll hear from the ceo. >> third time the charm for bank of america? reportedly submitting another capital plan to the fed to raise its dividend. first up, though, look at the premarket once again. a number of things working against the bulls today. china exports did miss for june, 7.2%, looked for above 10. fed minutes yesterday show us that the tapers probably going to end in object. portugal worries about banks. gaza ground invasion looms still, and industrial output from france and italy, worst misses seen in two years. >> that's the negatives, and that's impacting now, but jobless claims better that morning, down 11,000. >> on a four-day sample. >> four week moving average came down, and that's what wow want to see, continued improvement in the u.s., labor market, europe seems to be spooking the markets because the fed minutes, nothi

we have to watch the incredible performance of icahn and ackman. they are really very much playing wall street one, saying, listen, the ceos are bozos in cases or resisting. i didn't think they are resisting. one board member? the world changed in the largest company ever seen. >> obviously, when you have an activist like that, often times, they are speaking for a lot more of the shareholder base than simply their own position. >> right. >> you have other shareholders in microsoft not as likely to get active, so to speak, in the sense we describe it, but, certainly, are making their feelings known either through the activist in the stock who is talking to them or directly with management, although quietly. >> how rewarding is it. look at this microsoft stock. this trades -- >> absolutely, without the big structural changes some argued and still argue for. >> right. remember, go back to brian and smith, a great cfo on the intel conference call saying enterprise spending is back, and you got to revert to my vo soft and intel if you think it's coming

worried about the global economy, and also, i want to add on to this, what do you think about what carl icahn said today, time to be cautious about stocks? so what do you think about that? >> well, i thought all year, susie, that the s&p 500 would maybe work its way up towards 2,000 and struggle toward the second half of the year and i think that. i think better news coming off main street in the united states, better than expected economic reports has pushed the stock market higher, but i think in the united states what is going to happen is we're going to find out with continued good news in the united states that we'll get more worried about inflation pressures and interest rates pressures and is the fed pulling away and will that start to create turbulence for stocks. i think it is time to get more cautious. it's just over the next several years, the stock markets across the globe might go considerably higher. so i think one of the worst things you can do is worry too much about a 10% correction and miss the next 50% rise over the next several years. so i would get cautious but rather tha