we begin with carl icahn. it takes a certain breed of stock market investor to thrive in queasy times, and icahn is one of that breed. he has a knack of turning someone else's loss into profit for himself. but he can also help others improve their bottom line through the so-called icahn lift, an upward bounce that often happens when he starts buying a beleaguered stock. when the financial crisis hit in 2008, many investors were tearing their hair out, but not icahn. the state of the economy changes, but icahn's investment philosophy remains the same. as he told leslie stahl in march of 2008, carl icahn looks to pounce while everyone else is losing their shirts. >> the day we visited icahn enterprises, the stock market was swinging wildly, at one point, dropping 300 points. so has this been a bad day? this is not a great day. >> tough day, tough day. >> wow, this is beautiful. look at your view. icahn works in a skyscraper suite overlooking new york's central park. >> i think i lost today. >> you did? >> yeah.

some breaking news on carl icahn.a sterns has the details of his latest holdings. >> carl icahn, the billionaire activist investor, has announced gannett, then media company, and his urge splitting the company. they have already decided to split off their publishing from their broadcasting. if they do so, they would be following in the footsteps of other media conglomerates such as news corp. and tribune that have split publishing from broadcasting. carl icahn says this steak was bought in gannett before the company announced their plans to split it up. the thinking being if carl icahn supports the split, that will increase the likelihood that if a deal is done that gannett up. carl icahn announcing nearly a 7% stake in gannett, saying he will hold talks with management and will urge the splitting of the company. >> carl icahn one his 13-f filin gs. according to one researcher, there are over 31,000 private aircraft worldwide. many of these planes go unused for a long time. to help withants that. they offer private je

billionaire activist investor carl icahn. the three way battle of the dollar stores is heating up again. icahn all over it. so is charlie gasparino. coming down with exclusive new details on this story. >>> and look at these maritime drones, unmanned. they may look like something out of a science-fiction movie meets war stories, but this technology from textron systems could be a game-changer in naval warfare. look how fast they go, and go through rough waters. textron ceo ellen lord here live to talk about the next generation of drones for military and civilian use. it's part of our special series, "rise of the drones." you're here to buy a car. what would help is simply being able to recognize a fair price. that's never really been possible. but along comes a radically new way to buy a car, called truecar. now it is. truecar has pricing data on every make and model, so all you have to do is search for the car you want, there it is. now you're an expert in less than a minute. this is how car buying was always meant to be. th

under pressure from carl icahn, mr. levine turned around and entered into a friendly deal with dollar tree at a lower price, with a breakup fee, of $300 million to dissuade a higher bid as would come from dollar general tomorrow. liz: that's a big accusation. >> think of it this way. he knows, he knew when we first reported about this, that dollar general was interested. he knew dollar general had the cash to do the deal. they made 75.50 all-cash bid for family dollar. the other is significantly lower. check the math, it's lower. he knew dollar general want that deal and he's asking shareholders all across america to consider this. why would howard levine put a breakup fee in a friendly negotiation of 300 million dollars. if you know there's a potential for a higher bid and a bidding war from dollar general. why would you do that? he's saying, and what carl is saying, it's simple and has a lot less to do with math than it does for a ceo saving -- >> when did carl buy? >> we had the story, he disclosed 6/6, so june 6. he

carl icahn still want to talk to management.was late to the game. >> he was late to the game, and they said they would talk to him because they talk to all of their shareholders. -- barron's issued and rating of outperform for a carry-on and names of buyers including bristol-myers squibb, johnson & johnson, and roche. m&a inhas been a lot of parma. >> number five is applied materials -- benefiting from demand from makers of flat-panel displays. >> number four, jcpenney it's revival of promotions and discounts bring shoppers back into the doors. can expect positive cash flow and end the year with about $2.1 billion in liquidity. i find it fascinating. we have seen walmart, target, and others coming out with dismal sales. >> they have been trading from around here. it was so bad >>. -- it was so bad. >> it could have been worse. reducing a stake in yahoo! the fed now controls less than one million shares. >> first-quarter forecasts were shy of estimates. for estee lauder. two companies are sharing marketing, production, and distri

billionaire investor carl icahn's fingerprints are all over this one.t it first, we've got the latest. ferguson, the missouri governor calls out the national guard. but when the anger dies down, could high-tech body cameras for police officers transform u.s. law enforcement? and which companies are at the forefront of this new technology? we break it down for you. ♪ ♪ liz: and rise of the drones. unmanned aircraft seem to be everywhere, s

ironically, that is exactly what carl icahn has been going to ask for.e said he was going to push for exactly this. he said he still wants to talk to the company. gannett said they are happy to talk to him as they do with all of their shareholders, but they beat him to it. that stock is done well because of those plans. talking earlier today, trying to figure out how much carl icahn has made on this trade because his stake is a combination of stock and call options. i took a few minutes to try to figure out if there is a way to price these options. make ist i wanted to that these were over-the-counter trades. this was a custom transaction that carl icahn built with some counterparty and that is really what is worth thinking about here. these options are so far in the money that whoever was on the other side of the trade just got royally screwed. >> he did very well without having to do very much of anything about putting pressure on the board. this was maybe some easier money in the spectrum for carl icahn. >> you're going to stick with us because we are

look at icahn, he just wants to fight and, two, dollar general didn't wants to do it because of icahn. fred came out, wanted to buy it. nobody called us. i don't know what happened. >> what it's your thought now that dollar general has made this offer, and you, i guess somewhat have taken yourself ouch the game and sold your stake down from 9 plus percent to now 3 plus purse. >> i made 200 million. ipo should be quite happy. i'm happy as far as i'm concerned. i'm not in this fight. anymore. i'm not going to be fighting here. i'm not grog to be involved anymore. i think -- >> are you disappointed you sold when you did? >> i didn't sell much cheaper than where it is. i mean, so -- hey, i'm not disappointed. i make $200 million. i never look for the last dollar, as you know. i've sold a lot of things too cheaply. in the end, you know, a nice day. my record's good enough for me. i'm not at all unhappy with the situation. however, i want to make a point that this is one of the quintessential problems that's wrong with corporate governance today and why shareholders aren't getting these ben

[closing bell ringing] david: carl icahn announcing a stake in hertz. reason it is doing so well. liz: certainly coming up off the lows because it was just prostrate on the ground. bells ring on wall street. you heard them. look how the stocks are finishing up. nasdaq could not quite make a gain of it, down one point. russell too struggling. look at s&p 500, we do not make the all-time record close at least at the moment as numbers settle, 1987.9. we're at 1986.52 you can't see the screen because you're driving listening to siriusxm. welcome to "after the bell." we're starting right now. >> what a wild day. first we couldn't figure out what the fed did. we couldn't

you see this news that carl icahn has taken a stake.t to know when did he buy the stock on the front page of the 13d it says the date he took an action that triggered this filing. we see that. we have a nice graphic there. he has ten days to file he's done nothing wrong. the second thing, you want to see how much stock he owns. we get to that 18.5 number. the third and most important thing is item 4 it tells what you does he want to do? this is really important. so if you read this one. a lots of times we see carl being extremely aggressive, put a company up for sale. things like that here he's frustrated with the managing issues. for carl, it's not the most aggressive 13d we've seen. if you think, don't put hertz up for sale. i think it's likely. they don't have their accounting in place. nobody wants to buy before they know what they're buying. that's how you read a 13d. >> are you in let's? >> no, i am not in hertz. >> let's bring in david faber. he has been in this a long time. no surprise to you. >> it started in january, to karen'

carl icahn is out with his latest.eased stake at hertz how he plans to make changes at the rental car company. with central alive bankers. ."u are watching "in the loop we will be back right after this. ♪ >> welcome back. we are 30 minutes from the opening bell. you are watching "in the loop." futures are indicating that stocks will open higher on the heels of the jobless claims. yesterday0 close points of tie -- two its high. a familiar story out of sears. the struggling retailer controlled by eddie lampert fell. bank of america is expected to settle legal disputes with the number of states today and pay more than any other u.s. bank in history for its mortgage practices. $17 billion. does this mean that the mortgage crisis is really behind us? another day, another fine. >> it is the biggest one. they are paying significantly more than citigroup who paid $7 , who paidd jpmorgan $13 billion. bank of america has a lot of exposure to mortgages and mortgage bonds through its acquisition of countrywide financial in 2009, w

billionaire investor carl icahn's fingerprints are all over this one.rlie gasparino told you about it first, we've got the latest. ferguson, the missouri governor calls out the national guard. but when the anger dies down, could high-tech body cameras for police officers transform u.s. law enforcement? and which companies are at the forefront of this new technology? we break it down for you. ♪ ♪ liz: and rise of the drones. unmanned aircraft seem to be everywhere, spending on drones could reach $100 billion over the next decade, but can companies like amazon rides above government -- rise above government red tape? our weeklong series kicks off, 3-d robotics colin given in a fox business exclusive. "countdown to the closing bell" takes flight right now. ♪ ♪ liz: good afternoon, everybody, i'm liz claman. the all-important final hour of trade, we often talk about merger monday, right? but today we should probably rename it megaequity monday. all three major indices, make it four, opened higher. none of them has looked back since. right now here's where w

. >> coming up, he says it's time to put carl icahn on ice.out the wall street executive who challenge the activist investor. ♪ >> the ice bucket challenge has brought in millions of dollars of donations for als and now it is moving markets. have a look at this -- a spike in the shares of herbalife happened earlier this morning and here is what is happening -- this is unusual. jeffrey's ceo rich handler took the ice bucket challenge himself and laid down the gauntlet to none other than hedge fund billionaire carl icahn for getting down to business. icahn.allenge carl [indiscernible] >> the full body ice at the challenge. here is the response from carl icahn -- to rich handler, we will get back to shortly on the als challenge but right now, too busy working on a big deal with another investment banker. that is when the herbalife shares popped. >> you've got to love that. >> i love the fact that rich handler challenged carl icahn and i love the fact that carl icahn responded via twitter and i love the fact that some people reason to buya herbali

>> busy working on a big deal, and carl icahn tweets a jeffries ceo.he comments -- on herbalife and hertz. why every time carl icahn tweets, anything he is involved in, there you go, the stock is up 3.3%. [closing bell ringing] sometimes the correlations are a little nutty. dierdre: there are the bells. adam: bells ringing loud and clear on wall street. look how stocks are finishing. the dow right now, up 14 points. we'll settle in the green. s&p 500, however, it is looking if we're not going to be above 2,000. the russell 2000, for that matter is down two points. still positive for the year but just barely. aft the bell starts right now. dierdre: here is a break down of today's action. chuck self, i sectors chief investment officer. will tell us why he thinks u.s. equities have room to run. we can't wait to hear. jim bell, schaeffer's's research equity analyst. two picks for you to add to your portfolio. todd horowitz joining us from the pits of the cme. todd, what do you think? after yesterday's 2,000

i would say if you talk to carl icahn, we would love to get mr. levine side of the story, carl icahn would say howard levine is the epitome of what is wrong wi america. he thinks he owns the company when the shareholders on the company he was the ceo of a company his father created, so he has some sort of god-given right to run this place and he believes he is running it into the ground. he made an interesting point to me and we tweeted this out, i wrote a story about this today, he wanted them to sell to dollar general, right? instead he got a lower deal with dollar tree be at according to karl he did that because he could keep his job. what did he do to ensure keeping his job? there is a breakup fee in the dollar tree-family dollar deal of $300 million so it will cost shareholders $300 million for them to entertain what is a higher deal. >> i'm glad you got carl icahn to come out of his shell and say what is on his mind. melissa: you're welcome to come on with or without charlie. i am not sure i am a part of that. high-frequency trading to becom

in its settlement with carl icahn in april, icahn withdrew his proposal to separate paypal business.etter than 3.6%. >> very interesting. thanks, bertha. >>> joining us at post nine, former assistant treasury secretary, also managing director of the institute of financial finance. you'll remember from those greek debt negotiations. now executive vice chairman with partners group. good to see you. we want to ask you about bank of america. you come at it from an interesting angle having worked at the treasury and also representing the banks at the iif. is this justice, $17 billion? >> you know, it is a huge fine. mistakes were made, huge mistakes were made. the citizens should not be subjected to illegal or unethical conduct whether it comes to mortgage business or any other business. but a lot of this was done, as you know, before b of a acquired countrywide, before they acquired merrill. i think it is a great opportunity to turn the page, settle, move on and now allow banks to focus on what they can do to support their recovery. >> you do raise an interesting point, which is should b

. >> whole foods rumors, carl icahn has taken a long stake.es familiar with the situation saying icahn has absolutely no interest in the stocks whatsoever. those are strong words, dan. >> this was a fabulous moment item stroke. they have a great high quality product t. growth started to act sell rate t. stock over the last year has gotten afile lated. here's the thing, will there be interest by activists? no doubt about it. i think you will see consolidation with the sprouts and higher end close e grocers. to me, tray twaid traded two teams the average daily buying. this week expiration and next week and so to me that just smack of people trying to play the rumor potential short squeeze, we know it happens if icahn does get involved. it doesn't speak to potential accuracy. >> the larger issue, tow, is this a kind of stock that could bring in an activist investor? >> i suppose it could when you think of his successful position i think it's trimmed some of. so maybe this is a space he likes. i don't know, it's not cheap. he's talked about being

or any other investing icahn might be getting into or may be getting sick of and then a lot of peoplee mistake that they might be wrong if. they happen to own the stocks of any of the big boys might be selling. >> what do they do? they sell them. they dump these stocks even after they've done an enormous amount of home, wo it. no matter in how much you know, these iconic money managers have to know more, right some the most closely poloed trail is the one laid by the greatest investor of our time, warren buffett. i am telling you right here, right now this is a mug skin. you find out that some famous money manager is selling. selling is not like buying. we have no idea why some hedge fund might be selling something. maybe the portfolio manager who specifically followed that stock has left the firm. maybe it's in a sector of the economy that's fallen out of favor with the money manager in question. maybe some hotshot investor thought he had insight and bought the stock in a trade and turned around and sold it when the insight proved wrong. maybe the money manager is trying to free up c

nobody compares to carl icahn. funny to watch it come almost all the way back having been down multiple dollars try prior to the announcement. i really would be shocked if we didn't hear some kind of substantial proposal inside the next 30 days. the stock reflects that. >> big shout-out to mike murphy. yesterday, he bought on the dip. bought on that big dip hertz was taking yesterday. he's feeling pretty good about that. murph good job. >>> talk family dollar. rejecting dollar general's bid for the company citing antitrust concerns. something we on the network told you would likely happen. steph? >> the family dollar tree combination makes more sense for family dollar because the ceo keeps his job. incredible. and also they're going to, have less cost cuts under that scenario. so it's not a surprise. i do think dollar general comes back with a higher bid. i think they can get as much as 90 and i still like the dollar general on a pullback and would buy that one. >> doc, what's up with ebay? the information, right?

thank you, carl icahn. >> how worried is walmart? or should it be worried?as a lot of issues right now, and they are trying to go for the smaller format. i think most analysts and investors see that as potential challenge to walmart. in certain neighborhoods, certain parts of the country -- but walmart has tons of other issues right now. you so townsend, thank much. what you going to do when you go back to your desk and look for another bid? >> yeah. earnings previous. >> get carl icahn on the phone. never a dull moment in the retail industry. unfortunately, it was not for ferguson. while you are sleeping, ferguson blew up. the national guard alden by governor jay nixon of missouri -- called in by governor jay nixon of missouri. our reporters in ferguson, missouri. as the sun rises across missouri, will the national guard be immediately present? >> that is a good question. that is what the governor said he would immediately deploy. it seems like they should be on their way and we will be seeing them here in missouri very soon. >> i know the reporters are gat

. >> i have to bring up the elephant in the room, carl icahn of course. he is a holder in family dollar. he wanted dollar general to buy the company. it didn't work out. you got the feeling dollar general didn't make it off earlier because carl icahn was involved. where does this leave carl icahn in these negotiations? >> he is by and large out of the picture. yes sold off most of his holdings, from what i understand. the issue was the ceo of dollar general wanted to retire next year. he was trying to get out early next year. now that his hand has been forced the dollar tree jumping in, he has decided he will stay on for another year to keep the companies put together. >> one of the reasons it appears that dollar general decided to do this, or in the very least can do this, is that it is so much a better business that walmart is. walmart is doing something wrong, clearly. dollar general is doing something right. what is it that this company is doing right to generate the kind of numbers in terms of same-store sales growth, revenue tda margin and stock mar

carl icahn, perhaps. >> and risk-reward, $35 going back to october 2012. >> pete, spotting some monsterivity in the housing space. >>> and the biggest movers and shakers of the day. that's next. i'm only in my 60's. i've got a nice long life ahead. big plans. so when i found out medicare doesn't pay all my medical expenses, i looked at my options. then i got a medicare supplement insurance plan. [ male announcer ] if you're eligible for medicare, you may know it only covers about 80% of your part b medical expenses. the rest is up to you. call now and find out about an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all standardized medicare supplement insurance plans, it helps pick up some of what medicare doesn't pay. and could save you in out-of-pocket medical costs. to me, relationships matter. i've been with my doctor for 12 years. now i know i'll be able to stick with him. [ male announcer ] with these types of plans, you'll be able to visit any doctor or hospital that accepts medicare patients. plus, there are no networks, and virtuall

icahn, he discloses he has taken a stake in the publisher of "usa today." we got those from the quarterly reports. they were released yesterday. it has gotten out in front of carl icahn because last week, gannett announced how it plans to split up is broadcasting a network. the fast-growing parts versus the floor. >> fox and time warner have done it. it has been very fruitful. you split those different sides and you can sign a different multiple to each business. >> don't you agree the distinction of those splits is what gets the that -- debt? each deal is different. could arenot cookie credito traits. front pagee the stories this morning. >> we need to focus on what europe is focusing on. you would think would be the economy. no, eu foreign ministers truly urgency meetings in brussels address iraq, in particular, ukraine. ukraine with the challenges between russia and nato and europe. the convoy of russian humanitarian aid is the most visible. love this as the day simply get -- all of this as the day simply gets shorter and have the coldest winter coming.

finally, carl icahn making news with an activist filing on the media company gannett. and arguing that the company is undervalued and should be split up. unsurprisingly, since some of icahn's activist targets have performance so well, it spiked higher this morning. >> what surprises you the most? >> gannett is interesting. anytime icahn gets involved, he's calling for management changes or structure changes, you tend to see a pop. activists in general have raised the price of shares, what, 6% i think over the course of five years or so. carl is a perfect example of that. buffett, as you well know, always moves markets. always interesting to see what he's doing especially with his new position. >> suggest a vote of confidence that this deal may come together. >> with the berkshire stuff, who is doing the portfolio moves? >> very good point. ackman has had a great year. >> he has. i don't have a defibive list, but of the hedge performances i've seen, 25% through the end of june. it's remarkable, this allergan has been a huge winner, but also berger king, canadian pacific

carl icahn maude eigde it an ic. that's scary for a lot of folks. it will probably be a multi-day thing. it will play out. 16-and-a-half, somewhere in there i think it's a buy. >> i think it's dead money. i agree with pete, when you look down, it was at 15 in may. this company with the character cap, tomorrow it has half of the market cap in debt. you got to see revenue acceleration or build into some new products or something like that. i think it's dead money, i wouldn't touch it in the low range. >> i will be interesting to see if icahn may have a little room. i don't know if there is a pill, if he guess out and boys more than 1%. we'll have to file away and let us know. >> he can come on the show or tweet it as he often has done. tesla under 5%. deutsche bank citing higher production expectations and profitability. tim, more efficient tesla, higher stock price? in there part of the story is they're bringing costs down, there is an argument these guys may be more cost effective than the internal combustion engine. i think it's a leap of faith. de

except carl icahn is there.en someone like icahn is there, you just don't know what is going to happen. the company made two comments. they used the term shareholders value. we're going to do something for shareholder value. for that reason you sit back and say there's risk this would go lower, but what lever are they going to pull here? >> we're waiting to see what lever they can put. whether or not it gets a little better or a whole lot better. >> we missed revenue, because we didn't make enough revenue. >> what the heck? >> yellow flag, nuanced communication, thank you very much. herb. >>> and the real reason the labor market isn't improving fast enough. we'll be -- to get the real state of the economy, the real pulse check from the ground. >>> after a year-long honeymoon, the love already starting to fade a bit to the tesla model s. we'll explain why we say that, coming up. tdd#: 1-800-345-2550 searching for trade ideas that spark your curiosity tdd#: 1-800-345-2550 can take you in many directions. tdd#: 1-8

when you, you had all the interest from carl icahn, the big investors but it is lower. they took a big beating in recent months. that's an interesting chart. look how low it's gotten after it hit that high. it looked like it was making a comeback when bill's presentation blew up on him. he was crying and going nuts. >> that was relatively recently. >> it looked like it was going to come back. they missed earnings a little bit for the quarter, and investors got spooked by that and got spooked by the fact there was a lot of inside selling going on among the directors and the executives of the firm, so you know, the stock is very volatile, you know what i'm saying? and not for the feint of heart. liz: you would think if he's confident about his position, he might say yes, that was me buying all the puts. >> he is not known to return my calls. leave it at that. liz: you're so sweet. listen, the way we operate and the way you definitely operate, somebody comes on, you give them a talk. >> let's be clear here with ackman. bill, what did carl once say about me to you? liz: car

to charlie's point, carl icahn is killing it these days.e has been right again and again, proving, i will borrow a line from wall street, he is not a raider of companies, he really is liberator of them and doing great guns for the stock prices of companies. >> i agree. melissa: scott martin, what do you think? >> i think it is interesting a lot of ways. paypal is definitely valuable. remember they lost ceo david marcus to facebook. melissa: right. >> ape chang, information officer left. charlie is right, uncle carl is in there. to your point, carl and ceo donohoe were not on the same side for a long time. all of sudden played kumbayah. >> that was funny. >> all of sudden these guys are at least on same side. here is the last part what if your ceo donohoe and your company is worth better broken up into the parts in case of paypal? he is gonzo. melissa: there is former paypal executive, keith ray boy, has a novel suggestion to solve that problem. rebrand the whole thing as paypal. he said, change the logos, change the page, change the shirts.

who is carl icahn? >> he's the guy that invented na co chips. >> reporter:. >> he's a guy that invented the circus. >> reporter: a headed on fouleders formation? >> i think an african dance show. >> reporter: what's your fate show? >> "fast money." >> that's my favorite show. thanks, young man. >> how emphatically icahn invented chips. we know we are more savvy than the average person on the street. this is video from daniel in ft. worth, texas. >> last week karen feiferman, at what strike does she recommend a buy put? >> that's that dude on the side? >> that's his father, his father. okay, so the question again is at what price does karen recommend buying puts. karen was so excited. she sent us her answer via e-mail. she says i generally go one to two months, two to 3% of the money. i might buy a 195 or 196 put. i'm not looking to protect the first put after a run like this. >> i think karen simplified the put. >> what would you say? >> i think karen's answer was absolutely perfect. spot open. what kar

icahn suggests? >> well, obviously, one of the trends you can pick out is there is a growing divergence of central bank policy. when certain parts of the world are looking to tighten monetary policy and other parts are looking to stimulate and provide stimulus it means that we're look at plays, for example, in europe, where you can buy the basic materials, because they benefit from the appreciation of the dollar, but weakness of the euro, which is a much clearer divergence that you can see going forward. >> thanks so much for joining us. >> thank you. >> guys, thanks to you, too. coming up, boston where the b biogen team accept the aol ice bucket challenge live on cnbc. king digital reports after the bell. how will it score? the gamer with one of the first investors in zynga. one of wall street's most hated stocks, actually getting love. is it time to re-evaluate beer krom by. fine out what i do when i'm not being judged. test. test. i never really thought i would make money doing what i love. we cre

so was carl icahn right about pay pell? ebay may make the advice and spin off the entertainment unit. plus, tesla stock has had a wild wild ride this year. someone says $300 bucks isn't far hievenld he'll explain why next. . >>> welcome back to "fast." game stop moving higher after posting better than expected earnings boosted by new game releases as well as strong sales of those new consoles. it's the power of the new console according to cfo from both microsoft and sony. tlirk guidance above street forecast. the stock currently moving higher here after hours by better than 7%. melissa. >> thank you, bertha coombs. guy adami. you aptly pointed out we discussed this stock how it would be a stock that outperforms. >> this was a very good quarter. you know, everybody thinks game stop is huge, it's not. it has a:30% shortage. everybody is convinced the business is going the way of the dodo bird, which it's not. i think you can chase this i think the stock goes higher from here. >> i think we would have seen the dodo bird from

remember ebay's settlement with carl icahn.cahn withdrawing his proposal to attempt to separate ebays paypal business. joining us now on the phone is the person who broke that story. jessica lessen, founder and editor-in-chief of the information. jessica, thanks for going to the phone this morning. >> thanks for having me, kayla. >> talk about this story. the information, subscription only. a lot of people haven't been able to see this. it basically says, in essence, that when ebay has been interviewing potential candidates for the role, it's been telling them to prepare for this to be a separate unit. is that correct? >> that's a little close to that. i mean, basically, in the concept of talking to candidates, this issue has come up. so, you know, ebay has, you know, indicated to people it wants to replace markets, this is something they're considering. no idea if something they've decided to do, but thought it was interesting it came up in the context of trying to find a new leader and shows the issue is very much on the tabl

why did nothing come icahn us so much into cnn and then nothing. what happened? to make as maven is sega fest and to teethirty is a of of an - - privileged that had then that was lifted to halt - - share is a lot of them worked. >> i would choose saddam pass it through cnn but to balance the budget and pay down the debt. [applause] but it deals with the entitlement reforms to get on fiscal footing but it doesn't get picked up by the senate or the white house. it is simply wrong. we are a sight to put that legislation forward and if people want to see real action in dealing with problems from education to the health care tax reformers people want to see this in half and because altman the republican president as well. [applause] >> i have pay enormous respect. >> care i if the mayor called benchmarks. i did not like some parts of but they did and it was missing a lot as we put our own day 1/3 to exceeded those benchmarks. reassume to the president would choose his same he word pro his budget was set up by his executive order so we did expect him, the house republi

now, the thing i'd caution investors about is, this is not carl icahn buying these options.his is most probably not any of the other activists mel could rattle off. in those people, they're buying over-the-counter options, rather than listed options. 99 times out of 100. however, some of the people that they buy those options from do indeed go into listed options and hedge some of their exposure. so certainly with the stock trading almost 17 million shares today, mel, average is seven, and the option volume four times normal, it's telling you something's going on in here. whether it's an activist getting involved or just at the street that believing that the stock, 25% under the 200-day moving average is cheap. it could be both. do doc. >> doc. >> we bought we them and took advantage of the pop in the front week. >> doc, how are you, buddy? do you make -- how much attention to you pay to the fact earlier today was trading i think 40-40 and $2 lower from there? do you still have the same degree of confidence now that the stock has pulled back as much as it has in the last cou

carl icahn is notably if one of them. vai one of the stocks that have been decimated for quite some time here and is also trading relatively cheap. then you have areas that are holding up reasonably well. everybody is fearful the refiners will start going down, really, their crack spread has held up nicely. so they're doing pretty well. >> so water the trade on the xle, itself. >> very simply, i'm going out and these quarterly puts expire at the end of the month about four bucks. those were $1 on the money earlier today. this is a way you can spend about 4% of the under lie to make bullish bet? >> i actually disagree, i think the moment item is broken. we had a 22% rise from the low in february. it just broke that uptrend in place here. to me it looks like you have a broken momentum six. quote to be long premium in a sector that momentum is weening. >> you were going to say something. meek. >> this is the reason we're trying to trade calls hereing even if it doesn't work out, you are not taking the risk of going out. >> t

. >>> carl icahn is at it again. the activist investors revealing a nearly 89% stake in hertz, the rental car company. icahn says he will pressure the company over pricing issues and operational failure and he may even seek a board seat. shares of hertz plummeted over the last few days after the company withdrew its full year forecast. they are up slightly in after hours trading. as of yesterday, some hedge funds talked about potentially trying to replace current ceo mark viscora, as well. but this seems to be bit of a low hang fruit at this point. >> as of the last quarter. >> late 2013 is when he originally took that stake. we know hertz and we like mark. but it is low hanging free fruit, i guess. >> the high on the tock is 31.61, its all-time high. and it's at 30.33 and the low is 1973. so it's action weird. >> but it sells 15% on the day. >> i'm not saying it doesn't. that's the first one i saw and i was like, it just doesn't look like it's been -- at times that tough. >> also in that time period, we completed th

seen unusual activity in a carl icahn pick. plus, atlantic city may be under pressure but sin city is doing just fine. jane wells joins us from the newest casino on the strip. and it's a line your parents used on you a thousand times, on all of us. but now science says they've got it all wrong. the details coming up in today's worst trade straight ahead on the half. with all the opinions about stocks out there, how do you know which ones to follow? the equity summary score consolidates the ratings of up to 10 independent research providers into a single score that's weighted based on how accurate they've been in the past. i'm howard spielberg of fidelity investments. the equity summary score is one more innovative reason serious investors are choosing fidelity. call or click to open your fidelity account today. you're driving along, having a perfectly nice day, when out of nowhere a pick-up truck slams into your brand new car. one second it wasn't there and the next second... boom! you've had your first accident. now you have t

. >> even icahn in family dollar and precipitated all of this at least public conversation -- we knowiscussions with family dollar and dollar tree had been going on for some time before icahn's involvement. he himself thought that dollar general was going to be the best suitor from the get-go, they were having a ceo issue, a guy who was retiring. and that sort of threw the other dollar in the mix. >> i keep hearing that the guy was a ham let figure, like to be or not to be, you know carl. this made so much sense, was it kind of an extension crisis or new ceo coming in so dollar gen caught unaware? when i look at what's happening in retail, there's a vast middle, walmart, target, target's thinking about opening up more hours, i mean, no it ain't more hours, it's more people. i mean this is the segment that you want to be in. >> some people believe, people i've been speaking with, that the dollar general ceo said he was going to retire, hoping to put off the deal with family dollar. so confusing with dollar, dollar, dollar. with family dollar, hoping to come back maybe and get it for a

despite that, maybe because of it, carl icahn has taken an 8.5% stake in the company according to a regulatory filing calling the stock under valued and that lifted shares from a big, big slump, still the stock finished lower by almost 4%. >>> a new report says americans are having more problems making their monthly car payments. and many of those making late payments or no payments have some of the lowest credit scores. it's the latest sign the surge in auto sales to people with subprime credit scores could be creating serious problems. phil lebeau has more. >> reporter: go to any showroom and dealers will tell you, business is booming. new and used auto sales are the strongest in eight years, one reason why, dealers are selling more cars and trucks to those with less than ideal credit scores. >> right now the subprime borrower is for the most part staying current on their automotive loans. we're seeing some increases in lateness but it's modest. >> reporter: experian auto says more subprime borrowers were a month or two late on the payments between april and june. at the same time, the numbe

the activist investor carl icahn has you may remember had been challenging ebay to make the move and ebay spokesperson says the company's position on paypal has not changed. ebay shares up 5%, $55.89 the close there. >>> wall street had the first chance to react to hp's earnings as you told you last night. the pc maker posed a surprise increase in the quarterly revenue and meg whitman says she's happy with the results. >> it was a milestone for the company. after three years we put up 1% revenue growth. it's better than the declines we've had. >> shares on a nice ride today up 5% or so to close at $37 on the button. >>> family dollar stores rejected dollar general's $9 billion acquisition offer saying it would be too hard to pass regulators and renewed support from an officer from dollar tree. dollar general says its reviewing the options. you need a score card for this. they believe it could resolve regulatory concerns. shares of all three of the dollars fell today as you see there. >>> the maker of turbo tax reporting a penny loss in the fourth quarter due to higher expenses. the s

it is a growing market and at the end and at this point was made to be over and over icahn by different vendors. they were selling exclusively to the military. button to repurchase the technology and then he said we are bringing the battlefield to the border. >> what we saw when david garcia and i turned round in the vehicle with the dust coming at us we drove we knew what would happen and it turns out it was the border patrol vehicle was coming very fast. when it came to us so was sliding with the sirens blaring to agents rushed out one agent went to the back and another came to the driver's side but just to know i interviewed dozens and dozens of border patrol agents. i interviewed different stages talking to public information officers. and also of talking to the agents on the side. into keep with the public-relations mission aerosol whole wide range of different opinions they took me into their homes and take me out to dinner and sat with me in a cafe and let me record them to active dissent. one agent interviewed multiple times he said he would not retire soon then he would write h

and this is as the nobel prize winning economy robert schiller and carl icahn warning about bubbles, and robert rubin warning about excesses in the econo economy, and not saying where. alan greenspan warned against irrational exuberance and then the bubble crash ed and so peope hear this and they say, i could make a lot of money before it crashes. >> yes, and so people need to caveat it by it may be different. if you look at how the dow is up, and the s&p at record highs, and there is reason to understand why this bull market is looking mature, and the valuations are maybe getting stretched, but the problem is whether that is a bubble, because it is very, very debated issue. one thing that feels different, chris, you and i covered the other bubbles bursting. at the time, there was a private sector herd mn mentality and everybody running in, and nobody worry worried, but they ran for the exits at the same time. and this bubble is being driven by the central banks, and they are move ning to the exit, and waving the flag, and with the possibility of the excesses they are deflating witho

carl icahn is notably in one of them. one of the stocks absolutely decimated and trading cheap.verybody has been fearful that the refiners were going to start going down. but really, their spread has held up nicely. they're still doing well. >> so what is the trade on the xle itself? >> i mean, very simply, i'm just going out and taking a look at the quarterly 95, the ones that expire at the end of the month and spend about four bucks. xle was about $96. that was 1 dollar in the money already. this is a way you can spend about 4% of the underlying to make a bullish bet. >> do you agree with that trade, dan? >> i would probably look to spread it. but i disagree with the setup here. i think the momentum is broken. the xle had a 22% rise from the low in february. it just broke that uptrend that has been in place here. to me, it looks like you have a broken momentum situation. i don't really want to be long premium in a sector where i think the momentum is waning. >> okay. you were going to say something, mike. >> look, this is the reason we're trying to trade calls here, because th