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.

they will march from the taj to the tropicana which icahn now owns.own on december 12th. there's icahn there. it would be the fifth casino to close in ac this year. icahn has demand big concessions from workers and substantial state aid to keep the taj opened. >> philadelphia's second casino officially has a home, it's going right near the sports complex. the state gaming control board awarded the gambling license to live hotel and casino. developers plan to build the new complex at ninth and packer. that's where the holiday inn is right now. the neighbors have been very vocal about the fact that they do not want the casino there. the group from live says they will work with the neighborhoods to address their concerns and that they hope to open up in about two years. >> 5:53. up next, an update on that deadly attack at a jerusalem synagogue. >> also we're waking up to some bitter cold but in western new york they're measuring the latest snowfall we'll get a live report ahead at 6:00 a.m. >> ♪ the holiday season is here, which means it's time for the v

. >> you had a spirited back-and-forth with the activist investor, carl icahn.ou called him evil captain kirk. he said some things. do some of these activist investors actually have the same concerns as you? >> they are a result, not a cause. they are a consequence of companies being very cheap on the stock market. they are a consequence of companies needing to restructure. needing to react to market changes. the activist is a little bit of a sideshow. >> is there a disconnect between wall street and silicon valley? is there a fundamental misunderstanding? >> in the long run, there is not a misunderstanding. >> i'm curious about your thoughts on payments. it seems to be an area that is wide open. now you have apple pay, google wallet, paypal, bitcoin. how do you see the digital payments and mobile payments race playing out? >> this is a big thing. the system has not changed in 20 years. this is another area where there will be more change in the next five years than there were in the previous 20. there are two big drivers. one is apple pay. and the other is bitc

these two guys are, is that what icahn looks like without a shirt on.here's a little stomach on mr. ackman. >> ackman should be drinking herbalife. >> very slender. >> the company that brought carl icahn and bill ackman to blows reported third-quarter earnings. carl icahn's much loved stock, it's tanking down 20% after misses on both eps and revenue. it did see worldwide sales grow 4%. got a hit from venezuela. joining us to discuss the results and why he feels herbalife is a strong story john desimone and also with us to weigh in mr. charlie gasparino. john, welcome, while can accord cut the price target, they have a buy on the stock, and barclay's likes this. it's not the worst thing in the world. tell us what happened and what the analysts who thought you do better got wrong? >> thank ou for having me. you know, in the quarter, i think we got to put perspective into the results. we did grow 4% in the opening, and venezuela was 300-basis-point drag. liz: why? what's going on in venezuela? aside from the fact it's a crazy nation. >> oil prices are goin

but carl icahn was one of the most surprising.to his office, schedule a 45 minute interview and they go three hours. they go deep. carl says no video crew. no video crew. no audio team. bring a pen. you got ten minutes. then three hours later, he's like so generous but most people realize, kiplinger did a measurement of his performance. everyone thinks of warren buffett. he compounded 30% a year if you have been with him since that time. buffett has done 20%, no slouch, but has a 1600% return the last 13 years. the day i was there, he wrote that piece on apple saying it was undervalued and it went up $17 billion in two hours. amazing man. >> amazing man and i think as the saying goes you made a hell of a choice in icahn. he is also just a hoot. >> total hoot. >> smart as he can be and witty as the dickens. we recommend the book highly, if we may. tony robbins, "money, master the game" on sale now online and in bookstores everywhere. tony, good to have you with us. >> thanks for having me on. >> all best wishes for the book. >> tha

carl icahn. >> cloak of invisibility. we can't judge how he's doing. >> i like being private. >> that's it for "squawk alley." over to head quarters. "squawk alley" and the halftime. >>> all right welcome to the halftime show. let's meet our starting lineup. stephen weiss, mike murphy, josh brown, jon najarian. our game plan looks like this. run bull run. yet another streak strategist with a big target for stocks. who made the call and what it means for your money. home wrecker. while 2015 may not be a great year for housing. we begin with the biggeststop stock in the world getting bigger. apple up 50% this year. today another milestone, $700 billion market cap and amazingly the value has nearly doubled since tim cook took over in august 2011. can't be stopped. >> to me the moral is when a company has a lot of market share and a lot of cash, as the big mistake to say that they are done. they can't innovate. companies with a lot of resources like that. and companies with a customer base that love them tend to figure it out

icahn holds the mortgage and is asking for $175 million in tax breaks to keep it open. the workers claim icahn is profiting while they're being targeted for layoffs. >>> meantime, a new state casino license awarded to philadelphia yesterday will put a gaming palace next to the sports complex. >> we're getting mixed reaction to that decision decision. the live hotel and casino will be built on packer avenue in south philadelphia where a holiday inn currently stands. here's an artist rendering of the $425 million casino. it would take a couple of years to build and it could be challenged in court. some say that it will be great for business, but others say neighborhoods in that area will suffer. >> thought of families and younger children. so, i don't know how the casinos are going to be, like with a lot of drunk people out later at night. >> not just more people, but more families moving down here to work at these places. it's a no-brainer. >> but the city says that the casino will create 1,600 permanent jobs. the plan for the hotel, the live casino and hotel beat out th

billionaire activist carl icahn is perhaps the busiest of them all, stirring up conflict to shake out at apple, ebay, dell, and herbal life, to name a few. at this conference, icahn also addressed warren buffett, took jabs at silicon valley, and discussed the unintended consequences of the fed's monetary policy. carl, let's start with interest rates. in this low-interest-rate environment, how do you see this? what implications does it mean for the economy?

in this rare on-camera you and you interview, icahn also addressed warren buffett, will also addressedn buffett, you took jabs at silicon valley, and discussed in the unintended consequences of the fed's monetary policy. and of the fed's monetary policy. he let's start with interest rates. in this low-interest-rate environment, how do you see this?

carl icahn, about tony, he is committed to making life better for every investor.ays tony's power is superhuman, a catalyst for getting people to change, bill clinton says he has a great gift, the gift to inspire. why do some people require inspiration, others are self-starters, have you divined that in all the years you've been working to inspire? >> i'm more of a strategist. if you use a strategy, you have to put yourself in state. most people come to me because they're hungry already. the top players are looking for the edge. the hunger never goes away, people have a tough time and the tough time kicks them into gear, they have a challenge in business, they have a birthday with a zero in it, go through a divorce, they want to change their life and willing to put out the effort to make it happen. lou: going through your book. >> yes. lou: a lot of tools, a lot of folks i happen to know who have done pretty well for themselves. t. boone pickens, carl icahn, the list goes on and on, pretty fancy folks learn something from about investing. you had to know a lot abou

icahn holds the mortgage. it was set to close december 12th which would leave 3,000 people out of work at the holidays. the loan has to be approved by a bankrupt judge. >>> and the borgata will under yo a $13 million renovation. that includes improvements to the buffet, the hotel suite. and the borgata will also upgrade changing facilities and restrooms for employees. >>> well, not a lot of people enjoy working on a holiday, but one new jersey lawmaker wants to make it illegal. state senator richard codey is presenting a bill that would keep stores from opening on thanksgiving day. codey said workers can enjoy holiday with their families without fearing that they'll lose their job. codey said companies should put their needs above customers. >>> happening today, tens of thousands of people will gather for a longtime holiday tradition, the philadelphia thanksgiving day parade. a live look here at the philadelphia museum of arts. this is one of the best places to go watch the parade wrap up. the parade steps off

icahn sell? if that happens, it's done.er in a pyramid or not. >> the lower and upper end of the valuation, a $5.8 billion company, why a company with fairly prominent shareholders piling in when the company's purchasing its own stock be trading at 7.4 times next 12 month earnings? that would be one of the best values found anywhere to you right now. that's probably what herbal life sales person is telling you about their drinks as well. not having kool-aid or shakes. >> this is outright speculation. we know it's a poor performer year to date. actually, holding aside everything idiosyncratic to the business, these things are not. look how it trade with gnc or vitamin shop. it's not a good business. it's sort of dull and the burden of proof is on the bull. the bear has to point to the facts. >>> coming up next, talk about a wild stunt. last week owen carter made a bearish bet on gopro. the stock jumped but haven't lost much money. find out why, when "options action" returns. >>> time for "total recall." taking old trades and

icahn start selling.appens this thing is donether it's a pyramid scheme or not. >> there's a spread between the lower and upper end of that valuation, $5.8 billion company, why would a company where you have some fairly prominent shareholders piling in when the company's been purchasing its own stop be trading 7.4% earnings. that would be one of the best values found anywhere available to you right now. >> that's probably what your herbalife salesperson is telling you about their drinks as well. i'm not having any of the kool aid or any of the shakes. >> we know it's a poor performer. holding aside everything that is idiosyncratic, their problems are not. look how it trades with gnc or vitamin shop. this is not a good business and it's dull. the burden of proof is on the show. >> coming up next, talk about a wild son. last week owen carter make a bearish bid on gopro. they haven't lost much money but find out why when "options action" returns. >> announcer: "options action" is sponsored by think or swim b

icahn has demanded concessions and state aid to keep the taj open. >> another person has come forwardusing bill cosby of sexual assault. this time it's a former model. we'll give you new details. >> two women down south are accused of stealing wigging from a beauty supply store and then attacking an employee as they tried to get away. david. >> i haven't changed a thing on the kids. we still haven't dressed up in all the extra gear because once again this morning we are cold ann little bit on the breezy side. i'll have your accuweather 7-day forecast with some improvement and then we kind of step back and then some improvement. there's all kinds of stuff coming up. that's just ahead. >> ♪ ♪this holiday season, my good friend gave to me♪ ♪7 powerball tickets ♪6 match 6 chances ♪5 cash 5s ♪4 big 4s ♪3 daily numbers ♪2 mega millions (joe) happy holidays, rita. (rita) thanks, joe! (man) what a great gift! (announcer) pennsylvania lottery tickets make great gifts, like the new $1 million peppermint payout. (joe) happy holidays! ♪and best wishes from the lottery♪ >> happening today we here

icahn hold, the mortgage on the casino.was supposed to close december 12th scheduled for that to leave 3,000 people out of work. the loan still has to be approved by a bankruptcy judge. >>> meantime there appears to be no crisis at the borgata which is about to get a face-lift. that hotel there undergo a $13 million renovation which includes improvement to the buffet, the hotel suites, spa, and casino floor. and the borgata will upgrade changing facilities for restaurant employees. >>> a dog nursed back to health is heading home for the holidays. the spca took care of pearl. tomorrow, he arrive the at her forever home. this is what the pit bull looked like when found in back of a home. she was badly emaciated. and here's the after picture. she looks like a different dog. pearl will be adopted and she's one of 50 pets hopefully placed with new families. >>> 6:35 right now. and a faith giving tradition is going strong. jesse smith is live at cacia's bakery where people are bringing their turkeys and letting others do the cook

icahn certainly feeling the pain. >> crude getting crushed.or more man dri draw--. >> how significant is the saudi move and what does it tell us about the upcoming opec meeting as well? >> it significant because it comes in light of the reminder of huge policy diversions between the u.s. and between europe and bank of japan. so the dollars getting stronger which weighs on crude to begin with. and then this, it's quite a big deal. e technically it broke a level and looks like going down to the mid 65s. the thing that is interesting is trying to pick apart why the saudis are doing this. >> what do you think jeff? >> mandy we talked about this bear market that we went into once we went under 86.14. now we're near a 30% drop we should see at least a breather. a range 75 to 86 for the next month or so. >> we're going to talk more about this. lots and lots of stuff on oil. check out our live show where we're going to be joined by oppenheimer's oil expert. a 1:00 p.m. on futures now.cnbc com. >> well now known names on the move. and shares of michael

hundreds of workers protesting the decision by billionaire carl icahn, who holds the mortgage on the trump. he holds that mortgage and he's asking for $175 million in tax breaks to keep it open. the workers claim icahn is profiting while they're being targeted for layoffs. >>> and a new state casino license awarded in philadelphia yesterday will put a casino near the sports complex. >> and we're getting mixed reaction to that decision. the live hotel and casino is slated for packer avenue in south philadelphia, where the holiday inn now is. well, here's an artist rendering of the $425 million casino. it would take a couple years to build. it could be challenged in court. some say it will be great for business, but others say neighborhoods will suffer. >> a lot of families and younger children. so, i don't know how the casinos are going to be with, like, a lot of drunk people out later at night. >> not just more people, but more families moving down here to work at these places and stuff like that. i mean, it's a no-brainer. >> the live casino and hotel plan beat out three other propo

carl icahn is worried about what's so come in the next three years. ridesing prices, an arctic blast, it is tuesday, november 18th, 2014. "squawk box" begins right now. >>> good morning. and welcome to "squawk box" here on cnbc. i am joe kernen, actually, along with becky quick and andrew ross sorkin. it's a big day for youtube, apparently. the google owned site is launching its music subscription service will will compete with spotify, rhopsody and -- can you get taylor swift on -- >> keep reading. >> today's rollout is a private invite only test. where is my invite in the mail? focusing on youtube's heaviest music users. the company has signed deals with many record labels, but sorry, taylor swift fans, you won't find her songs on

icahn holds the mortgage on the taj and is asking for $175 million in tax breaks in order to keep it open. the workers claim that icahn is profiting while they are being tarred for layoffs. >>> meantime, philadelphia's city council wants to make sure your holiday travel goes smoothly. that's why they're holding a hearing today meant to promote labor harmony at philly international. airport workers have protested when they call low pay, unsafe working conditions and other problems. council will hear from workers, also airline industry experts and labor leaders at the hearing. >>> fire fueled by forceful wind devoured a popular south jersey farmers market. the columbus farmers market in burlington county burned to the ground yesterday afternoon, destroying ten businesses inside of it. strong wind and cold weather made it difficult for firefighters to put it out. store owners lost everything in a matter of minutes. >> it was in bad shape when we bought it, and we brought it back to life and worked hard to get it where it's at now. and now it's destroyed. >> no one was inside at the time

carl icahn expects a correction in the next three to five years. of people saying things look good for now, but at some point all good things must come to an end. >>> 43 minutes past the hour. family and friends of peter kassig mourning their loss and remembering the man brutally killed while helping others. next, you will hear from kassig's parents. curling up in bed with a favorite book is nice. but i think women would rather curl up with their favorite man. but here's the thing: about half of men over 40 have some degree of erectile dysfunction. well, viagra helps guys with ed get and keep an erection. and remember, you only take it when you need it. ask your doctor if your heart is healthy enough for sex. do not take viagra if you take nitrates for chest pain; it may cause an unsafe drop in blood pressure. side effects include headache, flushing, upset stomach and abnormal vision. to avoid long-term injury, seek immediate medical help for an erection lasting more than four hours. stop taking viagra and call your doctor right away if you experie

. >> karl icahn writing last week that where wall street analysts have got it wrong is pegging it as a hardware company. and of the ice software. and the more hardware it sells the more customers it puts in the eco system. >> i was in texas, friday. took my dad in whose not a computer geek. took him in to buy ab ipad. i didn't think we were ever going to get out of the store. i mean that so severely. it was tough to find salesperson for us to give money to. and these pictures out of ferguson last night. everybody on the street was rolling, shooting video. and this notion that we're going to need more memory. it is the hardware story but it is the inside now. >> really is. apple was a little more more software story when itunes was a growth driver for it. and they expanded to windows so that was a big mega platform story. they don't have that as much in the mobile area. they have enough share and eco system is big enough they deponent need to play outside it. that makes it more hardware. and i think it raises the bar in terms of what they have to do in the next product cycles. >> yest

. >> you called carl icahn evil captain kirk. he said some things.o some of these activists actually have the same concerns as you? >> they are a result, not a cause. they are a consequence of companies being very cheap on the stock market. they are a consequence of companies needing to restructure. it is a little bit of a sideshow. >> is there a disconnect? is there a fundamental misunderstanding? >> in the long run, there is not a misunderstanding. >> i'm curious about your thoughts on payments. it is an area that is wide open. now you have apple pay, google wallet, bitcoin. how do you see the digital payments and mobile payments race? >> this is a big thing. the system has not changed in 20 years. this is another area where there will be more change in the next five years. there are two big drivers. one is apple pay. and there is bitcoin. apple pay is the thing that is freaking out all the financial services. apple is showing up to the party and saying we will now be in the center of payments. that has caused a collective heart attack. there are p

billionaire activist carl icahn is perhaps the busiest of them all, stirring up conflict at apple, ebaye, to name a few. in this rare on-camera interview, icahn also addressed warren buffett, took jabs at silicon valley, and discussed the unintended consequences of the fed's monetary policy.

carl icahn expects a major correction in the next three to five years.ve not had a true correction of 10% more since 2011. >>> anger and protests in ferguson, missouri there ahead of the grand jury announcement over the death of michael brown. all of the details coming up. is this line secure? very secure. good, i received a text communiqué from discover card hq? yeah. at discover, we monitor every single purchase, every single day, and alert you by text, email or phone if anything looks suspicious. sounds very secure. it is. and you're never responsible for unauthorized purchases on your card. nice. security is my middle name. really? i'll make a note of it. hey kid! out of the massage chair. [talking to himself] what do you know about stress? you're seven. at discover, we treat you like you'd treat you. serious about security. get the it card at discover.com it's more than the car.er. for lotus f1 team, the competitive edge is the cloud. powered by microsoft dynamics, azure, and office 365, the team can gain real time insights and instantly share infor

no limits to a carl icahn will be involved in. much more ahead. with your shopping on black friday, a look at devices and technology. which are worth your money, and which should you leave behind question mark one popular -- behind? one popular gift is the go pro camera. next year, they might have another item on the market. you will not believe what that is. ♪ >> you are watching "in the loop ," live on bloomberg television, streaming on mobile devices, and on bloomberg.com. speaking of streaming, black friday sales show people still want content on that 50 inch flatscreen tv. last week we spoke with the ceo and tivo. there are others on the market. ande isrocku, apple tv, chromecast, but which is the best? we are joined by gregg harper, the founder and president of harpervision, where he tries out the latest technology. let's start with this video streaming -- what is the best. what do you like? >> i use amazon fire the most mainly because it has prime. i can say a movie name and it pops up and starts streaming, and because i am prime, most of t

. >>> and karl icahn did not get into the ibm. that is ahead. kick off with oil.de, falling ahead of the opec meeting. west texas prices dropping 30% in the next six months. whether opec will cut production and stem the bleeding. joining us now is dennis, heedir and publisher. good to have you with us. >> good to be had, always. >> what do you think happens on the 27th? >> opec will announce a cut in production. there's no question. they have no choice. they have to put the best foot forward. the question will be what will they do when they have made the announcement. and the answer is opec lies. they have always lied. all the member haves always lied. always agreed to cut production and rarely followed through. if you are iran, you have a real problem. you have a problem with cash flow. you have made promises to the citizens in the form of subsidies and education and health care. all sorts of promises for social benefits that need $130 per barrel crude oil. doesn't matter what iran's production costs are. they're much below the current price of crude oil. but the

icahn has no involvement in ibm whatsoever. shares have been moving higher. ibms problems have been well documented over the last few months. the stock has certainly had a slide. there it is, intraday, it was up throughout much of the day, but some steam does appear to be coming out again after we can debunct the rumor. >>> thank you very much, scott. if it is made in america, making jobs in america is the new idea behind the buffalo based made in america store partnering with a star this holiday season, we'll tell you his iconic character's name, cliff, and he's joining us now. you are not a paid endorser but a partner in the company. you are not saying, buy the shamwow, you really believe in this. >> i have a shamwow. >> who doesn't? >> well, yes, i actually believe in america. i have a love affair with this country. and manufacturing is the backbone of who we are. it's in doing this, trying to get people to buy things made in america, that's our strength. you'll give your neighbors jobs. if you buy a t-shirt from china, you think you're getting a deal but

the workers hope new concessions from the city will convince investor carl icahn to bail the taj out and save 3,000 jobs. the play jor says trump entertainment owes $20 million in back taxes. he told the group he's working with state and federal leaders to find a solution. >>> tonight, a former bucks county bank teller is accused of swiping cash from an elderly woman's account to feed her gambling addiction. authorities say she stole nearly $7,500 on the job at a citizens bank on bristol road in ben salem. most of it came from 594-year-old woman's account -- 94-year-old woman's account. police say she gambled at parks casino. >>> a man is behind bars charged with sexually assaulting a university of delaware student on halloween. he is accused of offering the 19-year-old victim a ride home, sexually assaulting her and dropping her off near a residence hall friday morning. police say they tracked down his car and stopped him on kirkwood highway. he gave a fake gnoname but the victim later identified him. anchts property dispute involving a child's tree house. this is what part of grace

opportunities are. >> have you talked to carl icahn recently?i was tried to make news there. 15% on the s&p 500. that is a remarkable return here as we look forward to not a raging bull of next year but certainly a continued elevation in prices. >> let's get you a data check. it is wednesday. if there is not a lot of economic data. optimismall business at 96.1, higher than the previous month. it did not have a much effect on markets. futures highest of the day so far come up by four points, 10-year yield unchanged at 2.3 6%. the ruble dropping for the first time in three days. japanese prime minister shinzo abe may call a snap election if he scraps a plan for a tax increase. shanghai trading surged to a record, too. those are your top financial markets on this tuesday morning. >> this is "bloomberg surveillance." iam brendan greeley heard have not planned for retirement here to scarlet fu have a balanced portfolio, tom keene is counting on what he keeps in the closet. we have been asking this since last week -- >> how did you know? [laughter] >>