joining me now, charlie gasparino and on the phone, carl icahn himself as well as his son brett icahn, all of the men signed the open ended letter signed to tim cook, welcome to all of you. charlie is going to start. >> the market is down over 300 right now. are we in a correction, or we're in one of these funky markets where anything positive or negative about raising interest rates, pro or con about raising interest rates moves this thing tremendously. >> charlie, i've been saying over a year you have to be worried about this market. but there is no one that's going to pick the day-to-day market, it's ridiculous to waste time saying it's going up, down, tomorrow, the next day, too many variables. like talking about the farmer's wife, should have had another seven in vegas. [ laughter ] >> you don't think this is a correction, right? we're not in a correction period right now? >> i don't know what that means, why is the market go up so much. you can have a mark go down 1,000 points or nothing. this market has come up a great deal on the federal -- as you know, the federal reserve --

icahn, his son,

we don't need people like carl icahn here. >> reporter: icahn is the main lender to bankrupt trump entertainmentch has threatened to close the taj in november if it doesn't get major cost-cutting con sessions. the company shut down its other casino, trump plaza, last month. >> it's not time for billionaires like mr. icahn to put their foot on the throws of workersç and try to take their benefits. >> it's unconceivable. i will be working just for health care. >> icahn said he'd consider providing a $100 million life line if trump entertainment can also secure massive tax breaks from the city and state. senate president steve sweeney says icahn shouldn't look to either for help. >> we're not doing a thing for you, mr. icahn, not while you're trying to hurt the workers of this state. >> the news conference was held in front of tropicana. icahn says he saved that casino by making more than $80 million in improvements and has plans to potentially spend an additional 45 million. in a statement, icahn said it's unbelievable that he's being blamed for the possible closure of the taj mahal which he's ne

i will read that after the show. >> show it to icahn.be he talks about it at halftime report. >> "shark tank." >> we mentioned the icahn letter to apple. oppenheimer does take it to outperform. they believe the iphone sales are going to essentially blow away all expectations. they do add that the apple watch will, in their words, initially und und underwhelm. >> they are doing surveys if young people will buy the watch without looking at the watch. maybe if we look at the watch we can make a better judgment. this game is more depressing to me than the icahn game. guess the iphone. it's like name and number. >> nail the number. >> nail the number. what kind of analysis is that? nail the number. at least icahn comes up with a whole new product line. >> he did. i don't know if he's making it up or what. >> good theater. >> is it possible that the entire sell side analyst complex, they crunched all the numbers they can, but one guy or three guys are actually right about the future of iphone sales, revenue? >> i read it and i was amazed. i sa

icahn was on our air. a lot of people think he's talking up the stock because he does have a position in apple. what do you think of apple? >> love apple. we own apple. it's interesting. this is nothing new. apple has been buying back stock for some time. it's nothing new. i think he's overly optimistic. he thinks it can double from here -- >> maybe not? >> 0 every a long period of time anything can double. i don't think it's quite as optimistic. great stock, great products. >> what about the global growth scenario? we had a bad data out of germany which started this market sell-off. can the u.s. market continue to march forward if the entire global growth scenario is basically being wree written? >> right. we don't buy foreign stock. we know domestic stock, remember, he has a level playing field and a strong economy. if it's a level playing field, you have s.e.c., maybe they're not perfect but they are good at leveling the playing field. you have great opportunities here. germany, france, italy, all those

i greatly respect him. >> that is icahn enterprises chairman and ceo carl icahn with our own trish reganwant to stay watching bloomberg tonight. 5:30 p.m. on the west coast, 8:30 p.m. in new york. studio 1.0, a new program is with emily chang. she will be sitting down with y combinator. you don't want to miss it. ♪ >> it has been called the harvard of silicon valley. combinator is perhaps the most prestigious start up incubator in the world. founding dropbox, airbnb -- but behind the start of machine is a couple with their own startup story. how did they build why combinator?-- y , paul and today jessica. thank you for joining us. so it has been what, six months since he steps down from the helm? how is it going? >> so great. i wish i had done a two years before. >> why? >> it is so hard. i am not really an administrator. it had gotten kind of big. suddenly i was running a big thing. >> you said you would get your brain back. did you get your brain back? had the bestnoon i conversation with a founder i ever had. i had lunch with the founder of stripe. ambitions.out that is the best possi

we're going to talking about vism and what it's like to work with carl icahn. and we're going to talk to carl icahn. opinions. there's no shortage in this world. who do you trust? whose analysis is accurate? how do you make sense of it all? a simple, unbiased stock score consolidated from the opinions of independent analysts... is that too much to ask? nope. equity summary score, powered by starmine, will help you execute your ideas with speed and conviction. and it's only on fidelity.com. open an account and find more of the expertise you need to be a better investor. a >>> we're live once again from robinhood conference in new york city. david einhorn had some interesting calls. the thesis on micron is in tact according to david. >> i agree. and we talked about this last week when we talked about high ro chip. and i felt everyone was over reading what microchip was telling us. as we've gotten through more earnings it is being proven out. intel, and texas instruments on their reports and sky works on commentary. taiwan semi-conductor. when you go threw all of

don't miss icahn. on "fast money" half-time report at 12:00 noon eastern time. >>> not everyone is singing the activist investor's praises today. ma marc andressen sitting down with andrew yesterday. >> remember the evil and goodcap tin kirk? like carl, it's the exact opposite. he lies like he just makes stuff up. he slanders like it's the full, like -- like his inner 6-year-old comes out. >> i've heard of star warz. never of star trek. he also said he expects more tech companies will follow ebay's lead and split up. tim geithner will be back for more at the aig bailout trial today. also former fed chairman ben bernanke is on deck. mary thompson is going to talk to us now with a preview of today's proceedings. and you know who's sitting across from me, someone who knows a little bit about this as well. ken langone is here as well. >> hi, mary. >> that's right. and as i understand it, mr. langone, hello to you, actually took a stake i guess it would say in what would be the payout. mr. greenburg being t

icahn's son brett. and brett is the one who told icahn not to sell netflix. people actually watch this. this is popular. >> and they are still in netflix. >> yeah, we are and you take a look at this and the case icahn makes in this. and i think he's really as i said talking to investor, not a apple. how iphone is going to maintain loyal user base and defie kmodization. a sense that a tv is coming in just over a year at $1500 average selling prices. that the watch will maintain a 450 average selling price three years into its run, which again would surprise me. apple probably wants to come down in the price to broaden the market. so lots of issues there with that. >> what's so funny about this is analysts always criticize ridiculous price targets and assumptions. now they are not doing that. everyone is just paralyzed by the caution and prudence. so big shareholders saying no one else is doing it. i got do it. . here is the incredibly rosie scenario. they are going to sell boat loads of the everything. >> the inverse of the thousand dollar qual com target. >>

that sent shares of icahn holding a stake higher and a flurry of options activity.austin with a look at this activity. mike? >> that is situation where nuance traded ant five and a half times the average claiming option today and looking at the october 15 calls, most active ones in between the opening and 2:30 this afternoon, the first five hours of trading, only about contracts traded. after the tweet came out until the close, 7,100 contracts traded as buyers came in and swept up those calls and two interesting things and one of them is really about twitter and how important it has become as a medium for delivering news to traders and sblesing of nuance and what's happening on twitter and the markets. >> hey, did you get in on this trade? >> i did not. >> you did in the. >> i agree with mike. makes sense and something carl talked about before. >> mike, thanks for that. more options action every friday at 5:30. check out our website. don't go anywhere. we have your first coming right back. big day? ah, the usual. moved some new cars. hauled a bunch of steel. kept th

. >> you can say this about carl icahn, he is consistent, the billionaire investors urged apple to buy back more stock, today he was at it again in an open letter to the ceo, tim cook. he said they first praised the ceo, then the investor told cook what he is doing wrong, saying the apple shares are massively under-valued, worth two times the current price. he says the company should buy back more stock. >> nobody is smart enough to know when do you buy at the bottom and when don't you, and hey, i'm not telling apple go spend 1$100 billion tomorrow an buy the stock. i am saying this is a great opportunity to buy this company and hey, i'm not going to pick the day you buy it. >> in response to icahn, they are responding to the largest corporate hit in history. the company said it returned $74 billion to shareholders and plans to return $130 billion, what is icahn's real motivation here. the analysts say they want to see the stock move higher, and buybacks could help. >> i think the single biggest motivation for the letter is that icahn is fearful that investors are going to sell apple s

high hopes for carl icahn.hn speaks, managers and sometimes grumble that they usually eventually do what he says. >> they come around. the perfect example is ebay. he went after them and said "you have to split up," ebay fought tooth and nail for months. eventually they gave him. not directly to icahn, but a few months later they came back and did it. he is coming back at apple, he has been down this road before. he had a with tim cook, etc. use more of that cash. they did step that up and now he is asking for more. >> he says he is up 50% since the initial investment. >> doesn't have a lot of room for complaint. >> is a win-win situation for him. ebay's only the most recent example. --n if you go back to aol only because i'm so young that i can't remember before that -- >> i will remember for you. >> in the past people really dislike his advice and then years later taken it or have been forced to. >> he is not afraid to make to speak is not afraid his mind, he is not afraid to keep coming back time and time ag

carl icahn is getting his way with ebay. yet again a huge move on the , board of the e-commerce giant. and that involves one of the biggest names in silicon valley. details on that next. >> welcome back to "bloomberg west." i'm emily chang. but capitalist and netscape cofounder marc andreesen stepping down from ebay's board of directors after a very public battle with activist investor carl icahn. the two have sparred about ebay's plans for paypal, and icahn has accused marc andreessen of conflicts of interests. this week, the giant announced that they would follow his advice and spin out you may make here. following the back-and-forth -- spin out ebay next year. cory johnson is with me now. i spoke with andreessen and we talked about the future of ebay without paypal and vice versa. i want you to listen to what he said. i asked him specifically is innovation dead, is this a sign that innovation at ebay has -- died. >> it's a sign of change. the industry is changing. it's a sign that the technology is changing. it's a sign t

carl icahn says the stock at apple will double.rles: using traditional valuation metrics like your p-e ratios, it is extraordinarily undervalued. and i don't know what wall street investors can expect from this number. it has a point there. this is the carl icahn shake down sort of thing. i know these activist guys are hot and making money hand over fist and people on their coattails to make money too, not sure everything is longer-term. bringing out great products the stock will go where it is supposed to go. stuart: what will they do with $150 billion in cash? charles: to buy back stock, to make some acquisitions. flat sales at the gap. >> the stock is to the downside. surrounding the gap. $37.04 a share, sales at the gap, global numbers, the global sales story, down 3%. old navy up 1%. it is up 2%. the global picture, disappointed wall street. the other story that was late yesterday, in 2007. and you will be have stepping in as part of the digital team. stuart: still down triple digits on the dow. listen to this. new fox pulls s

. ♪ carl icahn. icahn. >> welcome to a special edition of bloomberg tv. i am pimm fox. a moment you are going to be hearing from the billionaire investor carl icahn. he will be answering questions from market makers anchor stephanie ruhle. it's a one-on-one conversation. stephanie ruhle joins me now from the conference in new york city. what are you looking forward to asking carl icahn? >> pimm, what a two days we have just had at the robin hood investment conference? from paul jones to miller, david einhorn and dan lobe we are going to wrap it up with the

icahn enterprises chairman and ceo carl icahn with our own trish regan.y watching bloomberg tonight. 5:30 p.m. on the west coast, 8:30 p.m. in new york. program is a new emily chang. she will be sitting down with y, nader -- y combinator. ♪ . . >> welcome back to "bloomberg west." i'm emily chang live from the "vanity fair" new establishment summit. we've been talking about the new establishment and the next new establishment. i wanted to talk to some of the founders who want to be on that list in the future p joining us, -- some of the founders who want to be on that list in the future. i want to start out with what your companies do and why you think it's the next big tech -- next big pick. >> basically, we replace all of the hassle of speaking to a sleazy salesman for eight hours. you go to your desktop computer, your laptop, or your mobile phone, and that's it. the guy shows up at your door. we have an online app and service for businesses and consumers. say you wanted to send your nephew a set of golf clubs that was on the other side of the country.

that is one of the points that they would disagree with icahn on it. and the apple watch missing the holiday season, and the 6.0 and the 6.0-plus should have been o outier, and apple has been late, a and they left millions on the table. and so what you should be aware of second apple supplier announced today, the g.t. advance on the sapphire front, and noles who made the phones for apple preannounced before the close today as well. >> and so what is carl icahn and the team seeing as far as their ability to forecast out growth that looks like 20 or 30% over the next few years in both earnings, and sales that the sale side is missing? just that? they go in there and use $100 million to buy back the stocks is that $200 billion value? it is a disconnect of the analysts on the one side, and carl icahn on the other side? >> well, it looked like grandstanding to us. and there was no new substance that we didn't know about, and nothing to back up the sensationalist claims of growth. and so jmp believes it is undervalued and just not to that degree laid out in

carl icahn come a brilliant macro investor? i don't know. -- an excerpt from the conversation hiswhether janet yellen -- analogy was give the patient too much medicine . better macro a investor? >> where the macro comes into play sportfolio. portfolio.to play is he uses credit default swaps as a hedge strategy. think of them like a put on credits. stress,imes of market they will widen out and perform beautifully. the risk he has in that portfolio -- the kinds of names he rolls, the energy names, ebay , herbalife, the difference between the credit default swaps not widen out may when he gets hit in those names. , peopledoes something start heading up the door, he is the elephant in the room. he does have a basis risk their. do you think about his record as a strategist? when he goes to aol and says you need to break up or goes to tim cook and says give that catch back to investors or goes to donahoe and says you have to spin off paypal, every single one of those managers fights back and then two years later does exactly what carl icahn prescr

, brett icahn and david. carl you have seen, down 270, up 270 and now today down another 270. what are your thoughts. >> i've been concerned for the last year or so but we still have a lot of stock in our portfolio. so i'm routing for it but i have the lot of hedges on. and i am concerned about this whole economy. i don't think you can keep it -- i've said this to the last year or so. you can't keep an economy up just from the fed. the fed alone can't do it. and not to harp on it. i think that one of our problems as a country is well we have great ceos and great boards. too many of them are mediocre. and that is one problem. >> do you fear a big correction? the correction people have been talking about for some time, carl, that hasn't come to fruition. do you think it's coming? >> yeah no, i think it is definitely coming. it is just a kwoef when. and that is the point. at this point or not. and you know, you see what really influences me a little bit, you know, when you see everybody get sort of bullish and t

how do they preempt a carl icahn coming in?bert kaplan, former vice chairman of goldman sachs and professor at harvard business school currently. he joined the -- joins me now. do they even have the luxury to do that, given the track record of carl icahn and other activist investors? can they shrug them off? opec they cannot shrug them off, but -- >> they cannot shrug them off, but they will look at their company differently before carl icahn shows up. but once carl icahn or a dan loeb shows up, you've got to do the analysis that they do and see if you agree. >> splits are very much in vogue right now. but not so long ago, it was -- it wasinging touted in the valley to bring companies together. is it about compensation? >> i think there has been a that aince the 1980's clear focused company is easier for wall street to understand and tends to be valued more highly. flows -- thebsent flownce low -- the ebb and in the last 30 years, there have been cleaner takeovers. activism has gotten engaged in earnest in the last few years. m

for more information, go to iloveny.com the union as well as state officials blasted icahn for what they say is his role in the crisis. >> it's not times for billionaires like mr. icahn to put their foot on the throats of workers and try to take their benefits. >> it's unconceivable. i will be working just for health care. >> icahn has responded saying it's unbelievable he's being blamed for the possible closure of the taj. >>> there are new developments on this septa rail contract talks. it appears that the earliest workers could go on strike is february 2015. this comes after president obama announced yesterday he's establishing a second emergency board to resolve the dispute between septa and the union representing train engineers. both sides had been facing an october 12th deadline to reach an agreement but this move will provide an extension. we're told that talks between both sides continue and the new panel will be officially established on monday. >>> can you feel it? the excitement is building for sunday night's showdown between the eagles and the giants. up next, nbc10 takes yo

we know icahn bought shares of ebay and bought shares in it because we wanted to make more money.s of silicon valley don't often say there's a conflict there. listen to what he said when carl icahn talked to us about andresen and the problems of having him on this board. >> if you ask me my opinion of him, he's the kind of guy i get outraged at because he preaches byify douchery duty. he's given a duty there and he absolutely breached it with skype. he knew microsoft wanted it. paid the equivalent of 1.8. they sold it for $8 billion. that money belongs to the shareholders. >> mark andresen said he recused himself from these decisions but you look at the numbers and you say who's fighting for ebay? ebay bought skype at $6.2. they're able to sell it to mark andresen's fund. andresen's if you believed turns around and sells it in less than two years for $8.5. though andresing says he' recrewsed himself. at some level, carl icahn says his if you disturbry responsibility was to ebay and $8.5 ure that ebay saw an billion value for this, not somebody else. >> listen to what she had to sa

brought out of bankruptcy by icahn and then nothing. asked one billionaire what he thought another billionaire should do about it. >> what is going to happen with the fountain blue? >> carl icahn is sort of a character about stuff like that. i asked him what are you doing buying the fountain blue? he said i got a lot of cash. i just took a shot. he said i thought i was crazy when i bought the stratosphere but i made a billion dollars. yeah carl you made a billion dollars in 04 and 5 when things are easy. fountain blue is going to be a little tougher. and sitting there is not good for that building right now. so carl even sold the furniture to a guy downtown, a wonderful fellow from europe who owns the plaza. there is nothing left inside the building. they stripped it out. >> what is going to happen? >> i don't really know. it's just sort of laying in the sun down there. maybe some live one is going to show up and buy it. i find that hard to believe but carl icahn is betting on that unlikely outcome. >> earlier we showed wynn describing

one could argue that ibm acted like carl icahn is already running it. what do you think of the approach of some would say financial engineering and how that's played out historically for companies that need to be innovative. >> i always say that financial engineeri engineering --. i watch ibm however and they have taken this whole cognitive computing division that they call watson, which is a cool name for it. and it shows they are looking to the next phase. so if you are going to worry too much about financial engineering and the algorithms being used on your financial statements as opposed to on your circuit boards that is where you have a problem. >> walter you going to stick around more? >> sure. want to see dean camekamen can' wait. >> apple see tim cook telling us the new iphone sales off the charts. and the next project from the inventer of the segway dean kamen could change the way people use energy across the world. we'll talk with him from the robinhood investors conference to explain. and the future shah shah dzasha. it's monday. a brand new

our thanks, of course, again to carl icahn of icahn enterprises.ouple of interesting nuggets from this interview. more capital return to shareholders. and apple is like an annuity, which sort of raised our eyebrows here in terms of the phone, because once you get somebody to own the phone, you will keep coming back, because the thought is there's an ecosystem to keep coming back to. it pays like an annuity. do you agree with that? >> i do agree with the ecosystem. i haven't heard it referred to as an annuity. apple is $20 a share. that's very positive. had much better iphone, much better mac growth in the last quarter than expected. that's very positive. 50% of the people in china were making a first-time apple purchase. >> they've already done a significant amount of buybacks. >> however, they had so much fire power going in, they still have a ton that they could do. they're continuing to generate cash. this is something they could aggressively do for quite some time. so, you know, if you think about it that way, maybe there's a floor underneath a

carl icahn, boy did he take on apple.e shook things up when he told apple ceo tim cook return marmite investors in the form of dividends. now he is at it again tweeting about apple and saying i am sending another letter to tim cook. charlie gasparino working the phones rushing downhill with details, you cannot miss this. and we're used to people sitting outside for a chance of getting the latest iphone, but how much would you be willing to give up for an iphone? the shirt off your back? how about a home you own? trade of at least the century. stay tuned, the real estate agent who polled that off. your customers, our financing. your aspirations, our analytics. your goals, our technology. introducing synchrony financial, bringing new meaning to the word partnership. banking. loyalty. analytics. synchrony financial. enagage with us. and cialis for daily use helps you be ready anytime the moment is right. cialis is also the only daily ed tablet approved to treat symptoms of bph, like needing to go frequently. tell your doctor

billionaire investor carl icahn says it's in a bubble. speaking with cnbc's fast money, the activist investor cited concern with recent stock market moves. >> the fed has made it clear that they're not going to raise interest rates so fast. this market follows the fed. i am quite concerned that something is going to happen. >> is carl icahn right to be concerned? we want to hear from you. join in on the conversation here on "worldwide exchange." e-mail us at worldwide@cnbc.com. tweet us @cnbcwex and you can see our handles at the bottom of the screen. >> i want to bring in lothos now. there's a lot of reasons for volatile speak in the past couple of weeks. do you agree with mr. icahn that it comes down to one thing and that is the fed? >> i think that's what triggered it, the end of taper, end of quantitative easing, fear of rate rises. i wouldn't perhaps go as far as he did, high yield is in a bubble. i think it's offering poor valuable. whether it's a bubble or not, time will tell. >> but if we step back a little bit, all the focus has

icahn suggests that the union simplies wants to protect its own union health care plan.hese workers who are out here and plan to picket until about 7:00 tonight, they tell me they simply aren't buying it. casino workers who have invested their lives here say they took low wages at the beginning, 35 years ago, in exchange for solid health care and retirement packages. that is why they're protesting here tonight. as the taj tries desperately to keep its doors open, the bankruptcy court has sided with investor carl icahn who demanded con sessions by the union, the city and the state in exchange for his $100 million investment to rescue the property from bankruptcy. now, icon credits himself as saving the tropicana with an $80 million investment. the union says he put other casinos under and he's managed to stipe eiphon money by raisin interest rates. >> we're already living week to week. biweekly. i work at bally's and borgata and taj mahal for a reason. we're already struggling. >> for 35 years we've had health benefits and a retirement and no one is going to strip that aw

carl icahn is getting his way with ebay once again. ♪ >> welcome back to "bloomberg west."c andreessen is stepping down from ebay's art of direct errors. the move is following a very public data with activist investor carl like on. they have sparred about ebay's plans for paypal, and carl icahn has accused mark andreessen of abusing interest. here to break down all the back-and-forth, cory johnson is with me. we talked about the future of ebay without paypal and vice versa. i want you to take a listen to what he had to say. i asked him specifically if this doing. ebay has been of change, that the industry is changing, that technology is changing, that there is the opportunity to do better and more if you're smaller and more nimble. would not likey the indication that they are following carl icahn's advice, that they made this decision independently. but this was the best decision .o make off >> the specific issue, we know the carl icahn bought shares of ebay and demanded changes because he wanted to make more money. but the things that he brought interesting, because the vo

what do protesters have to say about icahn's letter?> i can tell you, number one, they aren't buying it. carl icahn says he's the only investor willing to put $100 million in to save the trump taj mahal casino. employees were out here as we speak. they do plan to picket until about 7:00 tonight they say icon is the very reason that trump entertainment is in financial disarray, holding signs, take a look, that read "need not greed." they say they will not work for pennies on the dollar and without benefits. they will not be degraded by a billionaire or anywhere else. they're angry about a court ruling thattive pad the way for trump entertainment to not pay for their union worker, health care and pension funds. union president told me a few minutes ago that icahn managed to hike the interest rate on the loan to 12%, costing the casino millions in principal and interest payments, that was the way icahn siphoned off that money. he wants to act like he's res e rescuing the casino all while asking the city and state to subsidize his investmen

hathaway than icahn.te says it behind car bomb attacks in baghdad, more than 40 people died in shiite neighborhoods. forces are consolidating their heart i chunk of western iraq and trying to capture the capital of anbar province. shutting down a merger proposal. canadian pacific approached csx but was rebuffed. ceo hunter, cp harrison floated the idea. harrison spoke on "market makers." >> i don't think there's a choice. if you look on the line garnett going to be more railroads. we've got to start doing more with less. m? merges with who >> any east-west combination. someonehe first time, has contracted ebola in the u.s. a health care worker in dallas was caring for the man who died. a hazmat crew has began decontaminating the apartment where the woman lived. she was wearing gear but there was a preach of protocol that may have led to the infection. the world health organizations says 4000 deaths have been caused so far. a mystery jet. stream known for jets such as the g650. roll out a plane on tuesday.

. >> it's great to be a billionaire unless you were uncle karl icahn. dan, what do you think, do you think he will unwind some of this? listen, here is a guy who has been an amazing investor for so long. some things you can't bully around. he got what he thought he wanted. so the stocks are going lower. to me, it's a function of the market we are working on. >> net flicks. my expectation is we will learn that icahn probably paired his positions there. as far as herbalife. the long-term play a lot of people have talked about is that he might be right. >> you think a part of the that downto netflix on the day after was karl icahn unwinding. >> i don't know he was unwinding that day. i would be surprised to learn he has maintained. he has expressed scent michigan about high flying, valuation stocks. >> time for the final call, carter worth. what do you say? >> take advantage of this rally to reduce exposure. we do not believe the correction is over. >> that's your shot to get back in. >> mike. make sure you roll your long puts. put your protection on. >> t

icahn over -- good morning, everyone. this is "bloomberg surveillance." we're live from our world headquarters in new york, it's friday, october 10. i'm tom keene. joining me olveya sterns and adam johnson and we need more. here's oliver sacks. draghi is resident in washington and pledging to ease monetary policy more if needed. the other hand the german prime minister schaeuble is at odds with him. >> there are some parallels here for europe. we're also engaged in reform and recovery. in fact, we face the offense concern to that express. without reform there can be no recovery. in saying this, i must say the reform is better achieved in good times. i do not, however, find this argument particularly compelling. >> president obama is considering whether or not to close the prison camp at guantanamo bay in cuba. to do that he would have to override congressional octoberives and there's about 150 inmates contained and president obama pledged to close the guantanamo bay if a i will isty and john mccain has a message for turkey. you need to do more in the figh

foreboding carl icahn speaking to bloomberg tv yesterday.dicted to the stuff. >> really summed it up quite well. has not even got started. a lot of people talking about them heading down the same route as the federal reserve. we are talking about buying >> the fed can make a very direct effect on the u.s. economy by buying treasuries. the bank of england can do the same thing. the ecb cannot do it by going out and buying the obvious government bonds. every single economy in europe is completely and utterly different. the bottom line is the market is too small and too closely held to make any difference. a very small market. they have been going through their local branches. french,e been buying up italian, belgium. to make this effective, they need to find assets they can buy and some bright spark has said, corporate debt. i was listening and the green room in you came up with a great quote the capitalism died five or six years ago. it does look kind of silly that the only asset they can find is to buy corporate bonds which will distort and

essentially saying carl icahn is talking his book. he wants more money.ant more money and you want more money. not the best strategy. >> i don't want to take anything away from carl, he's a phenomenal investor with a tremendous track record. he knows that business really well. on the other hand, you have got upwonder, everybody offering ideas, suggestions, and criticisms for a company that has been -- by any possible measure -- wildly successful. hey, you guys, just because you are the biggest market cap in the world and you disrupted seven separate industries and essentially created for new product lines that did not exist and everybody is imitating you, let me tell you what we should do. it comes across a little bit hubristic. you have to give apple a little bit of the benefit of the doubt. despite the glitches and people's hair getting caught, which happens with every phone. >> my hair has not gotten caught at all. >> i can't figure out why. >> carl icahn does seem persuasive. when he suggests a strategy or something like a buyback, which is not really

this is carl icahn's waterloo.e got himself into a fight he's not going to win. >> the ceo of trump robbed griffin released a statement that read in part we are proud of our efforts to keep the taj mahal open to deliver our loyal customers a continued first class gaming experience and to have the ability to save 3,000 jobs in a very difficult atlantic city economy. >> the pennsylvania state trooper wounded in an ambush on september 12th is out of the hospital tonight. trooper alex douglas left guyinger community medical center with a police escort on thursday. he was taken to a rehab facility by ambulance. despite sightings and evidence that's been mounting, suspect eric frein has eluded police for more than a month now. trooper bryon dixon was killed in the attack. >>> and sugar house casino meantime it's getting ready to expand. 24 new poker tables arrived at the casino this morning. they will be a part of philadelphia's first poker room expected to open to the public early next month. for now the tables will go

mark, carl icahn is short the s&p. yesterday your buddy todd horowitz you very often disagree with, whether this is bull or bear, he said he was shorting s&p. did you short the s&p yesterday. >> i did not short the s&p yesterday. you know, long term i still think the trend is higher. i think we have to look at things going on right now. there is a lot of fear involving europe, which justified. however, there is a lot of unjustified fear. this ebola thing is absolutely ridiculous. i will give you two major life tips. okay? one, don't sell stocks because of some small disease that is being blown up in the press. and two, if someone has to north africa recently. don't exchange bodily fluids. live by that you will fine. going back to the market, bonds are screaming high. we have got the dollar rallying really hard. europe is weak. what does that create? that creates cover for the fed. i think what we'll see next couple months, not language change to more aggressive, more more aggressive unwinding of fed position. i think t

. >>> carl icahn has a new message for apple.s pressured the iphonemaker over buybacks and dividends plans to send an open letter to tim cook today. >> announcer: you're watching "worldwide exchange," bringing you business news from around the globe. >>> if you're just tuning in, thanks for joining us on "worldwide exchange." it was a rally, a rebound, if you will, the s&p 500 and the nasdaq having their best day in a year after the fed said it does not plan to raise interest rates until the economy can support itself. so a sigh of relief across wall street. you can see the dow futures indicating a higher open by around 30 points. s&p 500 up about 5. the tech heavy nasdaq up about 14 points. let's take a look at the ftse cnbc 300 index, a good gauge of stocks around the world. interestingly enough, we've seen that index move lower in previous trade. but right now, it was up about six points. we'll move on to that to the european markets and get you a check on that index in a second. as you can see, those dovish commentary coming

carl icahn and him had a very contentious relationship.pushing for these companies to split. >> a big twitter field. eud. >> he called him an evil captain kirk. as you say, it seems about time for marc andreessen to step down. gracie has eager and better things to worry about. with emily chang he talked about how his future is outside of ebay. adidas is jumping on this report that a group of investors plan to stay in about $2.2 billion for the reebok unit. >> the story has been nike and under armour. can the parent company ever let rival competitors really rise up to compete? >> i cannot think of an example where that has turned out well. but this company was acquired back in 2006. >> i think nike is facing a lot of competition from these smaller players were you can go online and make your own 10 issue. -- tennis shoe. >> we can make a really great outfit. storyer armour is the here. as we near the opening bell, it bloomberg television is on the markets. we will give you a final check ere futures are trading right before the bell. ♪ >> we

he is there to help the company be better. >> carl icahn, as a case in point.d out weeks back was basically to me a side -- note. he has his motivation but basically it was a by side note. he wants to see the share prices go up. how do you sthrue? group. ay it's a p.r. >> well carl icahn used to beal thought of as a black cat, out for himself only, because i was running a position at mollingal and we gave him a couple of board seats so he could do it but a lot of what i read about carl icahn is he wants to company to lever up, buy back its shares which drives up the share price in the short term but it may cause financial problems going ahead. so i don't always agree with where he is coming from. >> he doesn't hold big stakes in some of these companies. >> that's what's changed so much about the game here is you don't need a big stake. look at value act with 1% at hike soft able to get board seats with with a 1% holding. >> but how is that possible? >> because the boards now know and other shareholders will join in an attack or recommend tchation seems to resid

carl icahn might call me that in the old days.he reference was to the fact that in those days government was not something that i was -- was top of mind for shareholders and shareholder activists. i think it is a very positive trend. >> i'm glad you brought up carl icahn. you see these trades to the end of the earth. >> their investments. we think of it like an investment holding company. we are not berkshire hathaway, but that is not a bad business model. you think about it long-duration investment strategy. in publicly invest markets, but we will buy large stakes and public companies that will enable us to have a large capital base to manage the duration of investments. >> you think of yourself more of a warren buffett than a carl icahn? >> i think that is a better choice. in terms of investment strategy we are much more like berkshire hathaway than carl icahn. >> hans nichols pushing some buttons with bill ackman. [laughter] he joins us now from amsterdam. do not call bill ackman a trader and he will bite your head off. [laught

he and i will be double teaming carl icahn on the push for apple again. enough the first time around? the stock is barely moving up a third of a percent on a very tough market day. coming up in just a few minutes. we are watching the market extraordinarily close the every step of the way. we are off the lows down 345 points for the dow jones industrial. still triple digits, but the point being every step of the way, and whole bunch of trading floors in the next hour to tell you what to do, how to do it, which ones to buy, which ones to shed. see you at the top of the hour. liz: a car lovers dream, live at hershey pennsylvania. where some of the most stunning cars ever made are up for grabs. a huge bill after they allowed this rush to happen. this into how they managed to raise the cash. you can never have too much money in this case especially. so i can reach ally bank 24/7, but there are no branches? 24/7 it's just i'm a little reluctant to try new things. what's wrong with trying new things? feel that in your muscles? yeah... i do... try a new way to ba

>> carl icahn might, that in the old days. i think the reference was to the fact that in those days governments was not something top of mine. it is become much more top of mind as a result of activist shareholders being engaged. i think that is a positive trend. >> i'm glad you brought up carl icahn. in some ways you are different. you stay in for the long haul. you see these things to the end of the earth. >> they are investments. we think of it as an investment holding company. >> ok. bill ackman there. the other part of the conversation is hans nichols. you pushed him on where he is going to spend the money. did you get any closer to understanding that? that is the question every but he wants answered. he has 18 billion total and he is going to spend a 6 billion and one place. of that means by the end of november we are going to get some sort of hint what bill ackman's next big move is. we did try to press him on that. he is doing a slow striptease. are in amsterdam. in some ways, he sees himself more as a warren buffett t

liz: closing bell 39 minutes away, a good year for billionaire investor carl icahn. not all bets paid off. charlie gasparino, fair and balanced. not obsequious to anyone. and fashion icon oscar de la renta died yesterday at the age of 82. he designed dresses for jackie kennedy and designed amal clooney's wedding dress. here's a look at de la renta by the numbers. from fashion retailers to healthcare providers, jewelers to sporting good stores, we provide financing solutions for all sorts of businesses. banking. loyalty. analytics. synchrony financial. engage with us. to build something smarter. ♪ some come here to build something stronger. others come to build something faster... something safer... something greener. something the whole world can share. people come to boeing to do many different things. but it's always about the very thing we do best. ♪ but it's always about thecan you start tomorrow? tomorrow we're booked solid. we close on the house tomorrow. tomorrow we go live... it's a day full of promise. and often, that day arrives by train. big day today? eve

state leaders say new jersey will not give any money to billionaire carl icahn in his bid to buy thetaj mahal which could close next month. ted greenberg live today in atlantic city. ted, people made their voices heard today at a news conference on the boardwalk. >> that's right, renee. casino workers, union leaders and elected officials held what was basically a verbal bashing of billionaire carl icahn who is the main lender to the company that owns the trump taj mahal. >> bankrupt trump entertainment resorts has threatened to close the taj in november if it doesn't get major cost-cutting concessions from workers and massive tax breaks from the city and state. the company shut down its other casino, trump plaza, last month. carl icahn says he'd consider providing a $100 million life line to save the taj if trump entertainment is able to get those concessions which would have workers give up their health care and pension benefits, something they're vehemently opposing as well as the government help. but when talking about that assistance at a news conference today, state senate presi

he is under attack from the hedge fund billionaire carl icahn. lot of the best brands in silicon alley. interbrand. the value of global brands. stick around, market makers will be back in a minute. ♪ >> you're watching bloomberg television. i am erik schatzker. you are watching market makers. my partner, emily rule, is with one of the biggest -- my partner, stephanie ruhle, is with emily and one of the biggestos and entertainment. the wordtalk about disruptor. you'll be talking to jack dorsey. it is an important word in san francisco. since been a disruptor the beginning. the name was not invented three years ago in san francisco. >> i get energized by disruption. atreach a similar reaction the company. i think disruptio creates opportunity. most people look at it as a threat, i think it is an energizing force and something we look at to take advantage of. i also like to preach that lets disrupt before we are disrupted. what can we do to d ourisrupt own business model. disruption is inevitable so we may as well be ahead of the curve. your -- fore

activist investor carl icahn gets his way as ebay announces a spin off of paypal.ng is joining us. which other well known tech companies are in activist crosshairs right now? >> yahoo! under a lot of pressure. one investors saying that yahoo! should be merging with aol -- that selling parts is worth more than yahoo! currently. really the story of the day is the spin off of paypal. a huge reversal from the ceo john donahoe. we will be joined by our guests, both of whom have had very strong thoughts throughout the year. in fact, keith rabois has been pretty outspoken that this is what they should have done from the beginning. we will get their thoughts on the news today and now that it is official, adam. >> obviously yahoo! has a lot of money because it owns all of the alibaba. what would aol and yahoo! look like? >> i was wondering the same thing. these are two struggling companies. do two struggling companies together mean a better company? it really is about the advertising. i believe they are losing hundreds of millions of dollars on it. can they lose less if the