emily: what's it like working with carl icahn?: we have shareholders across the world right now, as you can see from our early trading. there is a lot of interest in paypal. i think what we really want to focus on is just creating a great company going forward, focus on customers, focus on what customers need. and if we can do that, hopefully we will be a great investment for all shareholders. emily: what about carl specifically? have you guys talked? dan: we have not talked yet. i've been out on the roadshow, speaking to different investors, getting their feedback, learning what they expect from us, what growth opportunities they have for us. it has been tremendously valuable for both parties. emily: are you worried about -- potential agitation? dan: i'm not. carl and other investors are the same. they want great value to be delivered for investors and for customers. as long as we stay focused on that, that's the right thing to do. emily: a lot of people talk about paypal as an acquisition target now that it's separate from ebay.

billionaire karl icahn. icahn says he's fighting for his employees. they see things differently. >> karl icahn is a hypocrite. he claims he's always fighting for little guy. i'm the little guy, i don't see him fighting for me. >> paul smith is one of 3,000 workers at the taj mahal. a cook for 21 years, he says the cuts to his hours and health care will cost him $17,000 a year. a big hit when you make about $40,000 a year. >>> do you have health care now? >> no i don't. >> reporter: how long you have have you been without health care? >> since february. i was supposed to have surgery the second week of february but since they took it away i had to cancel my surgery. i have three tears in my rotator cuff. i have herniated disks in my lower back and in my neck. to see a doctor i have to pay cash. which is taken its toll. i have to apply for welfare. trying to get state assistance for health care. and it's embarrassing. a 47-year-old man relying on the state. i can't even look at my kids in the face and say yeah, dad's applying for medicaid. >> icahn deni

like icahn are good for this market. you in just a few minutes. carl icahn, by the way, likely to be asked about his position in netflix that he exited. he did say he thought the company was going to face more competition and was going to be less unique in the years ahead. that echoed in an analyst report today from mkm partners. nevertheless netflix and intel handsomely beating earnings after hours as we were just discussing in netflix's case. we'll get back out to delivering alpha in a few minutes. because they're responding well to that report up 5.5%. and joining us to break it all down in an exclusive interview is intel's cfo stacy smith. great to see you again, stacy. >> good afternoon. >> should we be worried about that? >> you know, it's just a sign of some of the economic uncertainty out there. i think you can see in our results, we came in as expected even with all of that uncertainty. >> sure. stacy, what did chip makers want? you bought altera. maybe going into the data system business. you're trying to move

carl icahn, he's short high yield. so that should be a fairly interesting discussion as well as in light of what he said today he likes high yield and three or four years down the road it may be a problem. that will be something i'm watching for. when it comes to netflix, guy has been on this name. last week i said take your profits on that. i still think you should be taking your profits here. but guy adami's the guy to talk to on this because he has been long and strong. >> he's got his own original conflict, too. >> guy adami, too. >> streaming guy. >> in terms of gunlock he said the two-year yield closer to 10%. let's get straight to scott wapner, icahn and blackrock. >> one i think is overdue and one that certainly could not be more timely. i should also say in the spirit of the recently wrapped up world cup knowing what could happen over the next half hour or so, i have a yellow and red card and i will not hesitate to use it if i have to. larry, i begin with you. what for the record is your position on activism?

-- carl icahn.on, in case you haven't followed this, it made an unexpected profit, and it's had an unexpected surge. a host of firms are saying this stock that is hitting record levels today is poised to go even 100 points higher from here, maybe more. so the feeling seems to be despite just the 15% runup today, et has much further growth to go. but we're stepping back. i don't know what this means for amazon, but what does this say about you? if you buy a lot of stuff on amazon, you're not alone. we're told that the average cart at amazon is a little pricier, that it's not just cheap back and forth, it's bigger stuff, it's across the board, and it is benefiting amazon. but it's also a sign that maybe the shopper is back, the consumer is back. we're going to get into that with gary b. smith, daiking mcdonald -- dagen mcdowell and jo ling kent -- >> you told me talk to your hand two seconds ago. [laughter] neil: i didn't talk to you, did i? [laughter] >> bam, on fire today, neil. neil: do you think t

can you imagine being carl icahn's kid? the value of this, this was ryan kavanaugh's baby, and he's an interesting guy. he came from wall street. i had an opportunity to interview him back during the milliken event, this was a come years ago, but we're the only two red-headed jews in hollywood, i think. [laughter] i'll tell you, he is so passionate, this has got to be breaking his heart, and he has to sell his malibu house. this is an interesting event, if not a fall from grace in a way. >> very sad for him. >> is he personally on the hook for a lot of this stuff? a lot of guys separate -- >> that's a good question. we saw that he sold his house this week. there will be questions about how much is comingled, if any. >> yeah. >> people would want to know that. but i do think it's a sad story for him because just a year ago i was writing in the post that, you know, they were looking at a billion dollar ipo next year. >> oh, god. liz: i know. >> so we're a long way from that story. liz: claire breaks immaterial. >> you know, c

. >> are you looking to do what carl icahn did with netflix? you've had some stocks, time warner, cvs, o'riley are now at new highs, are you looking to take money off the table? >> unlike carl who has the perfect world and he controls the money, we have 2,000 clients and we're separately managed. if somebody goes from 3% holdings to 6% because o'riley has gone up six-fold. we'll trim up a little bit. in the independent of that we have one large position in directv and the government is really acting very quickly on certain issues like the merge wer at&t, it's amazing how they drag and drag things out. so you know, we can blame other countries for being slow in terms of rules and regulations, we should look in a mirror. >> take a quick break, coming up, analyzing the analysts, from amazon to coke and intel. many others, big names seeing big action from the street. we break database the calls, including a sell rating on one of pete najarian's favorite names. >> what? impossible! >>> and forget jp morgan, wells fargo or citi, one of the top manage

>> carl icahn, you are trying to pass -- i am emphasizing -- long term investment. >> du they don't -ary clinton has no stacks, no studies. larry flynt wrote the speech for her. cheryl: let me pick up on that. when we first met back -- in 2007, we were with him and the economic policy of the time, is it politics? is this what you do? go after the rich, wall street, and -- then you go sooner. >> if you were anti market, why would you be trying to just readjust people to be longer-term investors instead of short-term investors. >> bernie sanders -- >> why did you come up with this event was so great? >> i think it is a good idea. >> it is because you are smart, you are enjoying your life. >> he knows this is nonsense. >> you don't need to get away from just hearing about quarterly earnings. >> carl icahn is the bad guy. >> didn't say that. >> we have somebody -- >> you heard him. >> carl icahn is a bad guy. cheryl: very funny. austan goolsbee, it was good to see you. thank you for being here. charlie gasparino, never boring with either of you. coming up secretary of state john kerry, no

carl icahn has made a reported $180 million on this spinoff.rces is telling us ebay saw this slip. every time they made a decision that the companies were better -- were better together until just recently. that is where they decided paypal's future is brighter and ebay's future is brighter if they are separate companies. mark: why was now the time? emily: it is difficult to get a real answer to that question. they felt they needed each other. paypal also needed ebay. company 13ought this years ago, all of ebay's transactions were through paypal. so happens over time over the last 13 years paypal has exceeded most expectations. they are 168 million customers. think about the billions of people around the world. opportunity huge they haven't been able to execute up until this point. -- thinkpeople thinks paypal's future is brighter. >> when you are talking about the growth, which has been explosive, is he shocked? >> a lot of people talk about 0.2 billion dollars spent on e-commerce every day. he thinks it is all commerce that is paypal's opport

investing for the short term carl icahn going to a board, demanding they give you stock buybacks that is somehow costing jobs. there's no study here. >> wants to admit charles payne did have a point earlier talking about this on fox business which if you don't get you should a profound point we have a fixation on quarterly earnings. >> a fixation. >> some management does. >> i understand. >> if you've got a management team if you have a manager worried about the company's quarterly earnings and how the street is going to about, they're doing a terrible job. >> they have to worry about it. >> but if you don't have a five-year plan -- >> of course. >> dagen, final word. >> essentially up to a six-year penalty on selling an investment. a wealthy person will do the following, put their money in cash leaving less money to handicapal to the companies that are raising it and the companies that made it. >> they don't think they can get either -- >> how many jobs do you think -- the real question we should ask adam and hillary's supporters how many jobs are these stupid proposals going to give

icahn is acquiring trump entertainment resorts from bankruptcy court. >>> police want you to keep an eye out for pickpockets who have robbed nearly two dozen people this year. police say these are some of the faces they want to identify. the thieves targeted unsuspecting people in stores and restaurants for their wallets and credit cards. >>> cvs is warning its customers that its online photo service may have suffered a data breach. cvs photo.com is shut down as is the app. the company says it is managed by an outside vendor. credit card information gathered by that vendor could be compromised. >>> students are going to be paying more to go to rutgers university this coming school year. the board of governors voted to raise tuition by 2.3%. if you live on campus and you're from new jersey you'll pay about $26,000 a year. rutgers joins local schools temple penn and the university of delaware in raising tuition for this upcoming school year. one college bucking that trend, penn state. the in-state undergraduates will not see a bump in their bill. this is the first time that's not happe

>> the carl icahn isn't necessarily meant all bad things. we've seen many instances -- >> you can't fault him. he had such a home run, when you make $11 billion, you make some off the table. >> it's gone up so much, why not? why wouldn't you? >> this is another example of loved property duct. it's out standing and transforming the way we consume content but the stock price is hard to get. >> i don't watch live tv ever, ever, except cnbc. >> what a drip. [ laughter ] >> with that said, listen, i've been steadfasting this. carl's exit, he exited 300s, 400s. i don't think in today's world right now netflix can be replicated. i talked about the international growth that's clearly there. i've been saying the stock will continue to go higher. it will rally in the earnings to believe he got in on the bottom and ring the bell on the top to me is too much. i think it's too much to ask. this rallies into earnings. i believe that on the 15th of july. >>> next, proctor and gamble merging 43 brands for 12.5 billion-dollars. it's professional hair and col

this is video of a past protest of billionaire carl icahn who now runs the resort. >> who wants to work for a lunatic who threatens to close the place and takes away everything that makes the job worth doing? >> reporter: the union released a report showing what happened since icahn eliminated health and pension plans for workers. it found 44% of them still have no health insurance and many are reporting symptoms of depression. >> the whole message for the last nine months has been that everybody's expendable except for carl icahn. >> reporter: some people see the job fair today as a good thing. >> i hope the people can have job openings because we definitely need that here. >> reporter: we wanted to get the taj mahal's take on that critical report from the union but our phone calls to representatives from trump entertainment resort have not been returned. i'm drew smith, nbc 10 news. >>> coming up next on "nbc 10 news at 6:00" -- >> severe storms are headed our way right now. glenn? >> yeah strong system is coming in from the west. it hit harrisburg hard. we will track your neighborhoo

the question to you is, if you didn't buy it the day carl icahn got out of it and did you miss your chance for the foreseeable future? >> i don't know that you have. the reason i say that is we've been talking about time and time again about the international growth. you look now that's 31%. that's only going to get bigger. if you look at their content. i think the moat around netflix just continues to get that much more strength behind it and it's going to be that much more of a barrier for entry. because of that, no, scott, i don't know that you've missed it obviously you've got to wait. >> or can you buy it right here? >> i bought some yesterday, i'm just about out of it but not for any other reason than options put me in there we see gigantic options late in the day. coming into netflix, i'm in and now i'm going to be out before the end of the show. >> steve weiss, you buy it here, did you miss your chance? >> you missed some of the upside, that's clear. i'm always waiting for a pull-back. i did own it briefly after they whiffed on the quarter and mark cuban got in i sold way too soon.

icahn thinks there is a problem with liquidity?ggest you do that soon. >> carl brings facts to the table. think about the consequence and think about the inventory and he's right. three years ago, $350 billion would the of inventory, inventory now is somewhere around 40 to 45, much lower. >> it's not only bonds, it's equities also. >> the implication here is that the volcker rule has caused, has the potential to cause a problem of liquidity in the bond market. wants to take it more personally. obviously than others. >> exactly. absolutely. i was surprised that he extended the conversation, there's absolutely zero problem whatsoever. which contradicts what we've heard from so many other market participants. >> market participants, he's not a market participate. who am i talking it from carl ica icahn. >> what's your thinking, we go back to having deposit institutions acting like hedge funds it doesn't have to be all the way to one side or the other. on balance, it's hard to make the case. that this is much worse than what we had fro

this doesn't mean i agree with carl icahn on everything. i'm not thinking about carl icahn.'m thinking more about the ordinary investor. look, if i see a good business opportunity, if i see a new start-up opportunity, why should the government stop me or penalize me from selling now, taking profits off the table, and re-investing it into a brand-new business which by the way, might create 20,000 new jobs if we hit the technology jackpot? i don't want government involved in this. it loses money for the federal budget and it discourages all the animal spirits of economic reform. can i be honest with you? larry fink is a sincere guy. i'd love to him to talk to him about this long term/short term thing. but i do not think ms. clinton is doing anything here john but playing politics. she's trying to thread the needle between the bernie sanders left wing socialist crowd. >> at a future time larry, i'd love to hear you talk about why we don't just call income income. why we make distinctions between whether it's capital gains income, dividend income. we make distinctions on carried

icahn. is there a role for activists in the modern world? here's what's some of the players told cnbc at the delivering alpha conference yesterday. >> there's a role for activism. a big role. we have to own companies that are poorly run and companies that are well run. >> we are, as you know readily, willing and able to get involved in every company we invest. that's not our first choice. our first choice is to work with the company. >> we want management and the board to do a good job. we'd rather be rich than right. >> unlike active investors, our investors can't sell those stocks if they hate the company. we have to own the stock whether we like it or not so we have a much greater responsibility in working with companies to build the proper returns that we expect from them. >> it's a very general world. what is innovation. there's a lot of ceos that don't have the capability of innovating correctly. if you go tell that guy what are you doing on your research? your spending $20 billion, they'll listen to you. they ain't going to listen to

>> icahn too?peak to other panelists. >> if icahn can't come are you willing to sit in and do your icahn -- >> i am. but i hope he'll be here. >> you and larry fink together? >> sure. i'll sit down with larry fink and pretend to be icahn. sure. >> most management are what? >> dumb as the next guy. you don't want anybody that's going to challenge anyone. >> because they're morons. >> how did you know to sell net innics? >> this is off the record. >> how did you know to sell netflix? >> it was a great deal for us. >> too early though. >> it was a quadruple. sometimes you got to leave a little bit on the table. actually, that's not icahn. i don't know who that is. >> rocky. >> i thought it was perfect. >> i got to work on channelling that. but i have a bunch -- we have on our best ideas panel, we're going to be hearing from starboard. there's an idea there to not miss. keith meister who is a huge activist. and tom sandell. more in the mid-cap to smaller cap bob evans one of the ones he took on. all ne

carl icahn first lobby for the move. groupon's purges of the on demand, online, and mobile food marketplace signals it is likely to take on the likes of grubhub. most of the 40 u.s. markets are outside top metropolitan areas. matt: the world of the top golfers are coping with puddles in the british open. heavy rain temporarily stop second-round play. workers needed squeegees and cons to get rid of the water -- and pumps to get rid of the water. jordan spieth has not started his second round. he is at 5 under. tiger was hoping for better weather because he was hoping it will help him make the cut. erik: he had a disastrous first round will stop tiger has not won the british open since what, 2006? matt: i have not seen tiger when much of anything, i only started watching a few years ago. erik: we need to get you started with the five things you need to know this morning. it will not surprising the number one has to do with greece. it is still a big story. germany's parliament backed the bella package. that is the news. let

icahn is acquiring trump entertainment from bankruptcy court. >>> out of wilmington, police are looking for this missing man. his name is matthew jennings. they say he called a family member last night and said he feared for his safety because of something that happened earlier in the day and then disappeared. if you happen to have any information, you're asked to call police. >>> well the all-star break is over and the phillies are back in town with their 29-62 record worst in baseball. here's a live look where the phils will take on the marlins and home for a win. one thing guaranteed, it's going to be a great summer night. chief meteorologist glenn "hurricane" schwartz is here with the forecast. can't guarantee a win just the forecast. >> that wasn't in the record. the record wasn't in the script up. didn't have to remind people about that. the weather is going to be pretty good not only for today but into the evening. there are some clouds out there in the pocono mountains right now, but there's nothing on radar anywhere nearby. just a little patch of low clouds up towards the allen

icahn is acquiring from bankruptcy court. >>> next, talk about car trouble.a delaware woman is fighting to get her flood-damaged car back from the towing company. she may soon be able to get back on the road. we'll let you know why the towing company has been keeping her car for months. i'm sigourney weaver and new york is my home. there's no place like it in the world... like our state parks. the adirondacks are my favorite. for hiking, fishing, camping, you name it. niagara falls is the oldest state park, but visiting it never gets old. the readers of a national newspaper voted letchworth the #1 state park in america. watkins glen, #3. new york state parks are a gift. plan your vacation at iloveny.com/summer there's something for everyone. iran keeps their nuclear facilities. military sites can go uninspected. restrictions end after 10 years. then iran could build a nuclear weapon in two months. iran has violated 20 international agreements and is the leading state sponsor of terrorism. >>> today there will be a protest at the jersey shore by homeowners who

carl icahn made a difference. they have been shareholder friendly. if you are a shareholder in apple over the last several years, you are sitting pretty. there's not a lot to complain about. can we talk about the car for just a second and a higher an executive from chrysler and hire a self driving car researcher and they get this name, titan. guest: i thought it was interesting that they hired them in europe so they could do their card of element outside the u.s. with this money they don't want to bring back. the car is a huge opportunity, but as someone said on the earlier, the idea that it could be a partnership with another carmaker is a possibility, there's going to be a lot of variations they will have to experiment with. alix: but the car is a later stage project. let's talk about what's going to happen tomorrow. --ust report of the stock $66 million in market cap was lost. apple had been lagging the nasdaq in the recent rally. what are we waking up to? it is going to be ugly. tomorrow is not going to be a pretty day in the nasdaq. emily: the o

private equity firms, hedge funds, people like carl icahn.hat do you make of that trend, is it creating more competition for you? beth: it is incredibly competitive out there. we have to wake up every morning and compete to win and work with the best entrepreneurs. john: never been a better time than now to create a company. emily: is it great for investors? john: if the markets were not growing, it would be bad for investors. but that is not the case. we are in the midst of opportunity. emily: so other investors have been a bit more about doomsday about the scenario going on, saying that there are startups out there that are burning cash, burn rates are too high. beth: the cycle of success and failure goes on all the time. we will see the same thing here. if a company is out -- is at too high of a valuation and that they are raising too much money, that will not last. john: companies will fail, you can only lose one time your money. if you invent a new service or kind of product, that makes the world better. emily: john, you put bets on goog

emily: so icahn made a big mistake. chris: he made a big mistake. this is a winner take all game.ravis will take all. emily: will there be a downturn? chris: in silicon valley? emily: yes. chris: yes. it is inevitable that the funders putting this money to work will not see it all back. emily: are we in a bubble? is the bubble going to pop? chris: there are multiple ways to define that. emily: yes or no? chris: yes, some companies are going to go away. there will be impacts for real estate. do i think it'll be like 2000, when you can't get a u-haul because they are gone all one way out of town, no, i don't think so because this is the epicenter of innovation, just out of whack right now. emily: what you think is the biggest problem in silicon valley that is not being talked about now? chris: there is nobody normal left here now. all of the normal, regular people have been priced out. the artists cannot live here anymore. the musicians cannot live here anymore. you don't even need nurses, or doctors, frankly, who can't afford this city. that is messed up. i think the biggest proble

i think you'll hear the rhetoric from carl icahn afterwards. the stock goes higher. >> what do you mean everybody? i feel like wall street has been largely sticking to their buy ratings or defending the stock against concerns -- >> it's funny. what i've learned is you hear what you want to hear. maybe i've just heard the negatives. for me i've heard a lot of the negative lot of the reasons is nathan and i are together a lot. there are people who make cogent arguments for the down side. i don't think it goes there is my point. i think people are waiting. i think they're going to be disappointing if they did. >> torgether a lot of the time. >> i love dan. and "options action" this friday at 5:30. >> david einhorn slamming "house of cards." but it's what he said about netflix stock that could be a serious cause for concern. kate kelly will join us in a live special report. in the meantime here's what else is coming up on "fast." >> it's the three stocks that could determine how the market trades this week. we'll tell you what they are and how trad

most interesting on the because it's been the most talked about over the last couple weeks from carl icahn, david einhorn yesterday. i think netflix is going to take off post-earnings. i think it has a 750 handle on it. i still don't think netflix can be replicated. i get the valuation is extended. right behind, though, is a 10% move in google over the last couple days that the rest of the gang with k. speak about. >> and that's sort of interesting ahead of its earnings report, google. >> it has been sort of a stealth move. we don't really talk about it that much. it's a name i've been long for a while. last year did nothing, this year had an okay year. i would love to see expense control. there's a lot of hope that we see a different kind of cfo function and always capital allocation. please, please use the money. buy back stock, dividends, something. >> doesn't that make a little nervous to see the journal article today talking about expense control a day before the earnings? to me that's one of the things -- it sets up a little poorly. you have a new cfo. you've got to imagination the w

they have a responsibility to carl icahn to redeploy at $200 billion? anand: they may not necessarily have a responsibility, but carl icahn and others are going to force that in. that is what we have been seeing all across corporate america right now. cash has to be deployed, whether it is buybacks m&a, more debt. tom: debt is 5.8%. their cost per debt is 1.8%. brendan: i want to take what our guests are saying and put it into context. apple is taking a hit in europe, but, julian isn't this an earnings report that any other company would be thrilled with? julian: it is but what we have seen this particular quarter more than most is if you disappoint in the slightest on revenue expectations, you are going to be -- tom: is that what you are seeing in technology echo? anand: there are very few lustrous spots in the technology food chain, and one of those is the cloud franchise. so google is strong, google data center is trending strong. tom: does apple do the cloud? i am paying 19 bucks a month for some cloud. anand: apple is one of the largest cloud vendo

icahn just left it.'s stick with him. >> the valuation of netflix is also one of the it's priced essentially for perfection right here. the thing that also concerns me is disney. i ultimately believe espn has the content people want to consume. how they're going to pay for it remains part in question. while that remains in question that could spell concern for disney as i look at it. >> what do you see for disney and/or netflix, carter? >> netflix is more aggressive trader, right, where you're having these massive gaps as people try to contend with what is this really worth, is this really a game changer having already been a game changer whereas disney is almost like a mechanical automated perpetual motion scene. the one in that sense has more risk is i would say netflix in the sense dynamic trading can all of a sudden reverse whereas disney is a fairly low beta security, much more broadly owned in a way by our longer term holder base is not likely to do anything dastardly to the downside. something goe

icahn just left it, let's stick with him. >> the valuation of netflix is also one of the issues. it's priced essentially for perfection right here. the thing that also concerns me here is also disney. i ultimately believe espn has the content that people want to consume. how they're going to do it, how they're going to pay for it is the part in question. but while that remains in question that could spell a little concern for disney. >> what do you see for disney and/or netflix? >> netflix is the more aggressive trader where you're having these massive gaps as people try to con fend with what is this really worth, is this really a game changer, having already been a game changer, whereas disney is almost like a mechanical automated perpetual motion machine. it just literally ascends at a perfect 45 degree angle. the one in that sense that maz more risk i would say is netflix. in the sense that dynamic trading can all of a sudden reverse whereas disney it's a fairly low beta security, much more broadly owned in a way by a longer-term holder base. it's not likely to do any kind of

icahn on this.followed him on the way, in you follow him on the way ow out, you don't buy on all-time highs. >> what do you think on netflix? >> i would not be a buyer. and if i did own it i would basically use the 50-day as my stop. i would trail this. 8% or so in risk is not the end of the world. but i would not be coming with new money. >> for the last month or so i've been saying you sell, you take profits in this, you don't have to short it but you do not buy it at the all-time highs. i know they have the split and people get excited that you're going to get the split. i think that's the most ridiculous reason in the world to own it. why not take some profits? >> the other day we said analysts are going to raise their price targets. it's happening. stay long into earnings. >> time now for the final trade. let's go around the horn. dan nathan. >> consumer staples i think you sell procter before their earnings in a couple weeks. >> josh. >> cne thrives on volatility. own this name it's break out.

icahn is among those who lobby for the move.like hbo will be a big winner while the big three networks are losers. hbo's "game of thrones" tops this year's emmy nominations with 24. the awards show will air sitomer 20th. those -- september 20. those are your top headlines. tom: germany will vote, the expectation -- in germany will approve some salvation for greece. we look for that shortly. the battle is over debt restructuring. carl weinberg of high frequency economics has advocated reconstruction, christine lagarde this morning catches up with dr. weinberg. carl won rejoins us right now. how do we get germany to restructure? carl: good morning, tom. good morning, brandon. the germans do not have a deal to come to the table. restructuring a summing that is imposed by borrowers on creditors, and it usually is involuntary on the part of the creditors, so i think mr. wolfgang schaeuble's position is what i would say, no way we are going to do it give me my money, but i the end of the day, i think the greeks enforce the issue, and

percent contained right now we will keep you posted on all these wildfires that the night and i was icahn kron-4-dot-com >> pam: teenager accused in a brutal murder of a year-old madison milton appeared in court today for the first time in. 50 year-old adrian gonzales faces a number of charges including rape and murder. of flatboat reports of what people who know gonzales' still struggling to come to terms with what has happened. appearing >> reporter: 6 court of adrian the 15 year-old accused of murdering a year-old girl among those in the courtroom former classmate keith carol. >> reporter: his alleged did kate millet the kidnapping straggled and raped by her friend and neighbor who police say lured her to his apartment here before hiding her body in a dumpster and so many others she was shocked when it she thought. "i did not seem as some had comprehend. a similar my friends about it in freaking out together. but legal to him it was in not make any sense to us. >> reporter: is charged with a justice demanded he be tried as adults public defender larry begum says convulses there is a fa

ebay said in 2014 it would split off paypal after investor carl icahn among others have been lobbying for that exact move. the company is raising the low end of its forecast this year and adjusted the earnings-per-share, beating wall street estimates. honeywell says it is profiting from the rebound in u.s. commercial construction. pimm: and get this. hacking pays, infrequent flying miles. rewarded twoes hackers who revealed flaws in it to curate he systems. they scored a million frequent flyer miles each. that is enough to get you several first-class trips to asia or 20 roundtrips in the united states. the rewards are under a new security rewards program started in may. betty: that is real money there. pimm: it is. a million miles. welcomed thearde deal of birding greece's exit from the euro, but today she pointed out the difficulties. -- the deal averting greece's exit from the euro. betty: many difficulties. , david lipton spoke on bloomberg television about greece's debt crisis. agreementt the between greece and europe calls for is a combination of policies that will fix greece's p

ebay spins off the business from its online marketplace operations after up proxy fight from carl icahns been pushing for the spin up. one more reason for taxi drivers to hate huber, it has overtaken taxi as the form of ground transportation that appears most on expense accounts according to a firm called certified, which the second quarter uber accounted for 65% of ground transportation received. those are your top stories at the moment. at the moment, markets are closing in europe. for the latest, let's go to manus greaney in london. that: closing nicely on side, the dax is up and every day you get a building block of good news that lets you move back towards normality, the european central bank with wanted native easing. the greeks getting a bit of extra liquidity to tide them over into next week. the head of the ecb talking about that forgiveness or elongating maturities. for seven days in a row the longest streak since the start of march. paris, the best streak for them, european stocks up non--- up 9% from their nadir. autos, what a great sent -- what a great number of numbers in

emily: how much did carl icahn influence your decision, if at all?l was a shareholder, but when he initially called to say we should separate, our plan at the time was not to do that, in what was aack short-term battle been, but the board has always looked at what is the right thing to do over the medium to long-term, not around the short-term. it's how we best position these businesses over the medium to long term. throughout that whole process with carl early on, i repeatedly said we would be open-minded and objective to do what we believe is right for the company over the medium to long-term, and that is what, in essence, we are doing with this separation. chang joins me from san francisco. great interview. looking forward to seeing the majority of it. a lot of talk about who could buy paypal and if it will stay independent. john donahoe seems to think that paypal at least in the short term will remain an independent company, though he did say they will keep their options open. remember, he remains on the paypal board and will remain chairman of p

you this is a gimmick, the least problematic people, the average american has to worry about is carl icahnn but she looks at polls and says okay, i need a wall street bogeyman. i can't go after lloyd blankfein of goldman sachs, he paid me billions of dollars. i can't go after black stone, the private equity firm because tony james is one of the biggest contributors to democratic candidates, a big-league at blackstone, what do i do? i can go after floor traders because there aren't any so activist investing and most of the mark conservative anyway. stuart: it could be successful as a political ploy. i am out of time, got to go. the house passed legislation denying some federal funds to sanctuary cities. my next guest was one of lee six house democrats who voted for the bill. welcome, henry, you are hispanic, 90% of your district is hispanic and you voted to rein in federal funds to some sanctuary cities. why did you vote that way? >> first of all i believe in immigration reform. we need immigration reform, we need to follow the laws that are on the books right now. and people deport them. i

bill ackman carl icahn, larry fink jaime dinan. promises to be a big event.ll join us with what more to expect in just a moment when "squawk box" returns. ♪ if you can't stand the heat, get off the test track. get the mercedes-benz you've been burning for at the summer event, going on now at your authorized mercedes-benz dealer. hurry, before this opportunity cools off. share your summer moments in your mercedes-benz with us. ♪ i built my business with passion. but i keep it growing by making every dollar count. that's why i have the spark cash card from capital one. i earn unlimited 2% cash back on everything i buy for my studio. ♪ and that unlimited 2% cash back from spark means thousands of dollars each year going back into my business... that's huge for my bottom line. what's in your wallet? music: etta james "at last" (plays throughout) sometimes, at last doesn't happen at first. ♪ your dad just kissed my mom. turning two worlds into one takes love. helping protect that world takes state farm. >>> welcome back to "squawk box." some key activist hedge fun