icahn helped place him there.e of course has bet on a lot of big companies, whether it is apple or other names. and he pushes the one he thinks will raise shareholder value what does he have in store for allergan? >> i think we may have to wait and see. he put out a statement and he does take pains to say that brett saunders is a great guy. these guys go way back. a bunch of years of icahn believing in this guy. take a look at apple for example. he took a stake in apple. he said he likes tim cook. then he came in and demanded they start using some of their cash to repay back to stakeholders. icon being in and saying he supports the manager -- management -- icahn being in does not mean he is not going to want something or have a role that he thinks he can play in the company's future, especially since allergan is at a pivotal point. >> we should not assume it is a friendly situation. >> friendly with some tension is always a possibility here. i think there is a broad spectrum on how active carl icahn can be and cou

i know carl icahn has been negative.ut, you know, with the exception of maybe janet yellen, it's very difficult for any individual to jawbone down the market. the trend still very much remains on the upside. if you take a look at the reasons the bulls have been holding on here, the long positioning has still been very thin. there's not a lot of massive bullish positions out there. we know that sentiment generally is negative, if not outright cautious. valuations are full. everyone agrees on that. but not excessive. we're not in bubble territory. finally, very much in evidence yesterday when i was at the global exchange conference. the heads of all the exchanges, all the e-brokers, many other brokers who were here yesterday spoke with howard lutnik and he exemplified the tina position overall. he said to me, stocks are melting upward, continuing to improve because low interest rates push money into the equity markets, where at least they can get a reasonable return. that may not be terribly intellectually satisfying, but

you know that, you guys. >> it's not secretary icahn yet, is it? treasury secretary icahn?ry about that, joe. >> what do you mean? i'm not worried about it. >> well, that's not going to happen. i am not going to move to washington. >> you could do it -- you could be treasury secretary on a phoneer carl. >> i wouldn't be able to go on your program if i were secretary. >> if you were watching at 6:00 you probably heard us talk about the "wall street journal" cover story. george soros. >> i'm looking forward to reading it. didn't get the "wall street journal" yet. look, i haven't read it. i think he is a very smart guy, george soros. listening to what you said he said, i can't help but think he has a couple real good points. you know, i think there is -- you know, i have been saying it. i think that you have a -- sort of a false market, by zero interest rates. you have to be cognizant of it. look at stocks today. what happened to graham and dod. when i grew up and learned this stuff, was a young broker. you looked at company's assets and liabilities. today these things -- you

icahn's latest display. -- latest play. and the latest job cuts for investment banking. you are watching "bloomberg best.:" " ♪ ."na: this is "bloomberg best we continue our global tour of the week's top business stories with a frightening 60 seconds for traders in china. think much can happen in a minute, think again. it was a big morning for trading in china. what happened with the options market? >> the chinese futures market, at 10:00, the market plunged 10% and a minute and then it snapped right back up to where it had been. so, something of a bit of a flash crash. >> does this raise basic questions about the markets and how they are functioning? >> it was a fat finger trade rather than something more structural. the market was up 3.5%. the biggest gain in three months. there seems to be sentiment that the msci is going to include china in its emerging markets indices. >> by one single trader who put 398 contracts. that brought the selloff we saw. the busiest minute of the session. 1500 contracts changing hands. tiffany says it may take legal actions against china's

icahn got out, and buffett picked it up.will be attracted because once the growth continues, both guys will be back. that is why i like it. >> brian white from drexel hamilton, and rob, your view of the sort of the apple, i guess in the bigger picture of how meaningful to the overall market is how best to speak to it. >> and the portfolio managers that manage in the growth space, it is how much apple do you own to outperform the index, and many who had the wrong decision of not owning apple looked bad over the course of the last several years, so on the go forward basis a as the smartphone market has matured and as you kind of reach the law of large numbers, and the law of the diminishing returns, you will get more back to the fundamental story and how people pick the stocks and apple is not as important in that decision framework going forward. >> and doc, are the uber bulls in denial, and we will make it quick? >> no. all their points are good, and all of brian's points are great, but it is a question of when does it happe

company.ition i icahn's recent investment brings his total number of shares above 60 million. shares up 6% to 11.40. >>> it is not a good time for hedge funds, basically. many dealing with poor returns and often they're the target of tough talk on the campaign trail. now the industry is faced with a third dilemma. lack of talent. kate kelly explains what's being done to attract the next generation of star traders. >> reporter: in the '80s and '90s, working in finance was a dream job. today hedge funds, one of the most lucrative parts of the industry, can't find enough qualified workers. the talent according to one of the best-known figures in the business just isn't there. >> frankly, i'm blown away by the -- you know, the lack of talent. it's not easy to find great people. >> reporter: a bunch of things have led to this point. a change in business models at the bank who used to train up future hedge fund workers but don't do that type of trading anymore thanks to regulations. a stodgy culture that makes hedge funds tough to penetrate. the siren call of silicon valley, the ind

in a statement on his website, icahn showed support for the company's ceo. allergan says it does not believe the large stake was made to influence the actions of the company's management. shares flat on the news at 235.93. >>> and quarterly sales rose in all four divisions at the medical device maker medtronic thanks in part to an increase in surgeries performed. the results were ahead of analyst targets as were profits. shares fell on a cautious outlook for full-year earnings. medtronic down nearly 1.5% at 80.48. >>> fidelity lighten its position in chipotle. shares of the burrito chain about 40% since the end of september as it continues to deal with fallout from multiple outbreaks of foodborne illnesses last year. today shares didn't react much ended down fractionally to 441.96. >>> office depot is buying back up to $100 million of its shares. earlier this month regulators blocked the proposed merger between office depot and its rival staples. shares of office depot rose more than 1% to 3.58. >>> speaking of staples the company's ceo ron sergeant will res

. >> and you have icahn on squawk this morning saying the following.e will hear it, and rereact on the other side playing into the conversation. >> i think that, you have a sort of a false market, you know, void by zero interest rates and you have to be cognizant of it. >> doc? >> well, we all are, and carl is a smart guy and he is saying what most of us should know which is that there is a premium in the market that is there because of zero interest rates. >> and should we be blinded by the move towards new highs where as you start to move towards these heights that you have not been at before, and as we said yesterday, the market has been sort of pushing off all of these other concerns, and you can go down the list whether it is the election, the brexit, china, still an issue, and these guys are saying in carl's view, i still have an issue with the stock market. >> yeah. >> and you know, for instance, george soros, middle of january or thereabouts are, the 21st of january reported that he was building a massive short position, and lot of puts, and wh

>> one has to do with carl icahn, the one of the biggest shareholders in federal mobile holdings. it is up about 5%. it had been higher by 10 percent earlier in the trading day but the big reason for this move is because basically carl icahn is raising his offer to eight dollars a share in order to buy the rest of the auto-parts maker. potentiallyng it's his strategy to get this as well as two other car companies including pep boys and auto plus into one major company altogether. in addition, let's look at what's happening as -- at walmart. walmart is up by .5%. jb.com is up by 5.5%. david: mark crumpton has first word news. mark: arguments on whether to dismiss a lawsuit against maker of a semiautomatic rifle used during the sandy hook attack. to get theing lawsuit tossed based on state and federal immunity laws but those suing say the company knew its ar-15 style rifle was meant for the military and was too dangerous to sell to civilians. the judge requested a similar request in april. 20 children and six adults were killed in that 2012 attack. leads donaldon trump by seven poin

we have carl icahn. we have heraldh hamm. may a whole conversation about philanthropy with the head of mount sinai. and of course we'll also talk about politics. >> ask carl icahn about china. so many of these hedge fund investors have been getting china wrong. interesting to see if he has any comments around that. >> thank you guys. like this little reunion. >> so do we. and we look forward to "squawk box" which is in 9 and a half minutes time. >> and wall street after the dow hit 18 k, what is most likely to drive trading ahead? john manley weighs in next. >>> welcome back to "worldwide exchange." joining us from milwaukee is john manley. very good morning to you. thanks for joining us. is the lesson this week for equity markets at least that fed speak isn't that important? markets really responding more to oil despite all of the changing in sentiment around the fed. >> well i think the fed speaks -- it is important if they say something important. sometimes it is not much of a change at the margin. i think the fed is still

icahn and find out what it is he thinks about the company, or what it is he wants? >> i did.on before he announced the -- his investment. i think it was the holiday weekend, so tuesday morning. and we had a very nice conversation. obviously we know each other from the days at forrest labs, he was a very constructive investor back then. and he voiced his support for our strategy, he voiced his support for our pipeline, and i asked him did he have something he wanted us to do differently. and he said, no, that he was confident in our strategy and looked forward to being an investor for the longer term. >> right. any sense as to how large his position is given it's not a filing position so we don't know? >> yeah, we don't know exactly either. he did say it was a very large position but we'll have to wait to get the shareholder trades for the month. i don't know at this point. >> you mentioned of course you dealt with him when you were at forrest labs, i mean, he can be a pain, to put it mildly. it's not your expectation though that this is going to go that way, is it? >> it isn'

nothing to trade off and nothing to make a case for, real boring despite super rich guys like carl icahnnd george soros telling you how scary and dangerous it is. i learned early on never short a dull market. since this may be the dullest market in ages what can i say. it's resting and nothing more. or nothing less for that matter. let's go to john in new jersey. john. >> caller: jim, how are you doing today. >> i'm having a real good day. how about you? >> caller: i'm doing okay. i called about oil industry and two stocks in particular just curious on your opinion of them and what you think they may do. with oil prices going up and looking ahead, between kmi and ensco. what is your machine getting into it with summer driving. >> i want to be a forgiving stock monster here. but those are both not good stocks. ensco is an oil rig company and they had a big dividend and thought they could maintain it and they didn't. kinder morgan had a very big distribution, say they can maintain it and they cut it. so i don't want either one of those. want to do oil and gas go with an ex-shonn, chevron o

and i had some very generous people, carl icahn gave half a million dollars, phil ruffin gave a million, ike perlmutter gave a million. we raised a lot of money, and i didn't have to do that. it would have been easier just to give the speech. and the problem with the press, what they do is they convince people like me not to do it, not to give money to different things because it's a lot easier that way. armed services, ymca of the united states, $75,000. bob woodruff family foundation inc., they do a good job, $75,000. central iowa shelter and services, these are all vet-related, $100,000. connected warriors inc., $75,000. disabled american veterans' charitable service trust, $115,000. fisher house foundation, great people, $115,000. folds of honor foundation, $200,000. foundation for american veterans, $75,000. freedom alliance, $75,000. green beret foundation, $350,000. hire heroes usa, $75,000. homes for our troops, $50,000. and just so you understand, we've got a long way to go. this money was raised during a little speech that i made rather than doing a debate. the one debate i mi

carl icahn. gene washington. motorcycles. no. no. no. jeff sessions. crazy bernie. parking lots.hnson. lebron. trump university. that adds up to $6 million --that adds up to $5,600,000. mitt romney. donald trump. here's the story. "the wall street journal." bob dole is a fan of mine. don't tell me about bob dole. the political press. waldorf astoria. bill kristol is a loser. ♪

bearish comments from george sore yoos and carl icahn. >> and how much is yahoo!'s busy really worth? >>> also an update on viacom, that whole report. >>> plus a new report says americans' wealth hit a record. did you feel that? we'll tell you what's behind the growth coming up this hour. >> and eric ripert will give us a report on consumer spending and a look at his unique path to success. >> looking forward to that very much. he has a terrific memoir out right now called 32 yolks. >> that was a nice french memoir. >> only you would be excited about the flow of funds report. >> it is a wonderful document. overlooked because it's not markety. how many people have an idea of wealth and different flows. >> a wonderful document. that's great. let's start with two billionaire investments making bearish market comments and they both like gold, by the way. dominic chu has the story for us now. dom? >> bill kelly, we already have an ideal, according to regulatory findings, his firm acquired large stakes in the early part of this year. now, gold could be an inflation hedge

. >> and coming up, we break down the bullish bets that carl icahn and ron barron is making.e will look at the value of the intellectual property of some of the promising startups moving into the picture, and as we go to break, here is a look at the stocks at an all-time high today. what are you doing? getting faster. huh? detecting threats faster, responding faster, recovering faster. when your security's built in not just bolted on, and you protect the data and not just the perimeter, you get faster. wow, speed kills. systems open to all, but closed to intruders. trusted by 8 of 10 of the world's largest banks. here at the td ameritrade they work all the time. sup jj, working hard? working 24/7 on mobile trader, rated #1 trading app on the app store. it lets you trade stocks, options, futures... even advanced orders. and it offers more charts than a lot of other competitors do on desktop. you work so late. i guess you don't see your family very much? i see them all the time. did you finish your derivatives pricing model, honey? td ameritrade. real is touching a ray. amazing

another billionaire investor, carl icahn in an interview today said he agrees with soros. >> i can't help but think he has a couple of real good points. you know, i think there's -- you know, i've been saying it. i think that you have a -- sort of a false market buoyed by zero interest rates and you have to cognizant of it. >> not everyone agrees. one market strategist is calling for stocks to go higher, as much as 20% high are in the next 6 to 12 months. can afford sees a rebound in economy because of rising oil prices and expects corporate earnings to grow. >> how do bold market calls in a stock market that is essentially flat over the last year impact investor psychology and investors' investment decisions? joining us to discuss is frank mertha, doctor of psychology, cofounder of marketpsych.com. there are cross currents always in the market. you've got billionaires, you can dismiss them as old craigie billionairings, or say hey, they know what they're talking about. how is an invest tore make sense of calls that are really at polar opposites? >> i think it helps to recognize that

people like mark cuban and carl icahn have questioned these sectors.s on whether we are witnessing a technology bubble, we welcome deirdre bolton and charles payne. what do you think, charles, bubble or no bubble? >> unicorn, sure, i think there's a -- maria: the private companies. >> here's the thing i think is really interesting, and it's a two-pronged thing. if this blows up on rich tech investors, it's okay with me. what i don't like is to extract all the value out of these things and foist them upon the public as an ipo. maybe alibaba could be -- to a earn degree -- an example of that. i don't like this new model of all the great gains happening in the private sector, and then they go ipo at these rich valuations, and i hope that the public gets hip to that. >> actually, i would like to answer that because i do think most of the risk is happening in the private market. even the venture capitalists are slowing down, they're looking for this hybrid between boot strapping and the big v.c. money where they may never get their money back. let's face it

what carl icahn said about stocks they're being propped up by central banks.e could have say that now, three years ago, four years ago, that probably is the whole story that the world is awash in central bank money. i can name three or four european corporate bonds trading at negative yield. if that's the case and seiman's money is negative, not like with bonds, gold and the dollar but around the where do you put your money list stocks fit nicely. >> jim, come on, talking about a lot of risk with stocks. there's a lot of difference between buying the ten-year at 1.67 and commerce bank. i was president of commerce fwhank chicago. negative interest rates are a cancer. it's a matter of time before they start to reflect that in the price action. i would say -- >> yeah but -- >> -- heed those warnings. >> jim, when, when? those could be words. i'm not disagreeing with you. we're disagreeing on the time frames. right now the next month, the next two months stocks seem fine to me because of nothing else. i still say that there's ominous clouds that are gathering. i j

but i want carl icahn negotiating for me. i want the greatest businesspeople negotiating my deals, not hacks. but i'm all for free trade. the u.s. chamber of commerce is controlled by the special interest groups. there's special interest that want the deals they want to have. they want to have tpp, trans-pacific partnership. one of the worst deals. it will be the worst deal since nafta. no it will be the worst deal -- it will drain the rest of your businesses out of maine. it will be the worst deal since nafta. and i said to myself, and i talked about it. i gave a speech in pittsburgh, in pennsylvania yesterday, and it was very well received. then you had the tragedy in turkey and that was the end of that speech, which was fine. that's the way it's supposed to be because that tragedy is a disgrace. we can allow that to continue to go on whether it's turkey or anywhere else. that's a disgrace. i said to myself, why would anybody be against what i'm saying. here's what i'm saying. we have to make great deals for our country. an

there is an auto-parts retailer which carl icahn owns a partial portion and has made an offer to get full ownership. that is feeding into ownershipit. alix: early leaders are the banks, that was my happens when you have this risk on day. julie: in the u.s., we have seen banks, of their highs. the s&p 500 banks index taking a leg lower. this is something we have been seeing in recent days where the u.s. is so reacted to what is going on in the u.k. then when the european markets close, we see a fading of that. interestingly in the banks, it is the regional that are now leading the gains. that is not what you would think. you would think the global banks are reacting more to what is going on. some of the current later is within the bank index. scarlet: julie hyman, thank you. alix: let's check in on the first word news. mark crumpton has more. mark: republicans are expected to vote to block two democratic proposals to expand background checks and then gun sales to suspected terrorists. they say the amendment from the rights of gun owners and are offering their own alternative which dem

know that because you -- we had wilbur ross, the billionaire saying he will head it up and help carl icahnave a lot of money so now the very group he criticized, donald trump criticized hillary clinton for is wall street, even the halo wall street team you are asking money for. >> the clintons took in $150 million in fees in different capacities and special interests. donald trump is seeking out business leaders committing that they need no special favors. they are offering advice on jobs and the economy. this election was putting people back to work. >> will she get the money from him. >> he is going to raise an awful lot it then donald trump needs to raise. and he is efficient in his operation. plenty of money to beat her and plenty of people willing to help. and and we heard that this morning. >> and and one was -- and the liquid cash, i talked to a lot of smart will be guys in florida and new york who make us wonder why couldn't he run a $50 million check? >> let me say donald trump has the deck of liquidity. nothing to worry about. he made a significant contribution to his campaign, $

of the auto parts retailer rising after carl icahn raised his bid for the company to eight dollars ahare from seven dollars. he is only try to buy the 18% the company he does not already own. it looks like maybe some speculation built in there that he would raise his bid even more. in commodity, want to get a quick check on the divergence of oil and gold. gold rising along with risk assets -- oil, i should say, rising along with risk assets. gold futures are heading lower as people are moving out of havens to. day. you some mark looking at how the pound has been doing. the dollar index has been down for the the fourth straight session, down another 6/10 of 1% today. vonnie: julie, thank you. let's check in on the first word news this morning. taylor riggs has more. taylor: david cameron is trying to rename the initiative as the brexit campaign enters its last few days. cameron is trying to capitalize on a swing in momentum back to the remain camp. he accused his opponents about lying on immigration. the former mayor of london says cameron has nothing new to offer voters. the vote on

carl icahn. gene washington. motorcycles. no. no. no. jeff sessions. crazy bernie. parking lots. gary johnson. lebron. trump university. that adds up to $6 million -- that adds up to $5,600,000. mitt romney. donald trump. here's the story. "the wall street journal." bob dole is a fan of mine. don't tell me about bob dole. the political press. waldorf astoria. bill kristol is a loser. ♪ mark: welcome to this edition to the best of "with all due respect." this week, bernie sanders, hillary clinton, and bill clinton were out in the golden state ahead of a big primary. donald trump cheered veterans and jeered members of the media. mr. trump: sleazy guy right over here from abc. mark: and some news that we broke earlier in the week, a potential independent candidate recruited by premium never trumper bill kristol entered the mix, sort of. mark: we can now report that the man being eyed is a conservative lawyer, writer and iraqi war , veteran named david french. you're probably not heard of him. we hadn't either. the big guessing game that's been going on since kristol tweeted this wee

george soros and carl icahn sending a message to the markets. but are they right to be bearish?re you ready for a long, hot political summer? hillary clinton getting the endorsement of president obama. donald trump wasting no time firing back sparking a twitter war. is the nation ready for months of mud-slinging? >>> and time for a brewsky. >> once it hits your lips it's so good. >> ceo of moulson coors will tell us about tapping into the 3 thirsts of the consumer. the second hour of "squawk box" begins right now. ♪ >>> live from the beating heart of business, new york city, this is "squawk box." ♪ singing sweet home alabama all summer long ♪ >>> welcome back to "squawk box" here on cnbc. first in business worldwide. i'm joe kernen along with rebecca quick and andrew ross sork sorkin. the futures have been weak all morning after -- this week has been sort of trendless. we've gotten close to the old highs on the s&p and above 18,000 on the dow. but it hasn't felt rip-roaring by any stretch of the imagination. oil is down today after getting up above 51 at one point. back below 50

where apple is feeling the pressure and some investors when we talk about big name investors, carl icahn saying, now what? i'm going to close out. >> and the sos with the apple watch you press that and counts down and once it gets to zero it goes automatically to 911. things like that. charles: yeah it's cute-- as soon as it gets to zero you wake up and you're at home. beam hoe home. >> i agree. charles: it's not that level of excitement. it's -- they have had a cash hoard. they've got to use that cash and can't sit op that i think that's what icahn was talking about and talking about repatriation, but the one with the most cash on the balance sheet that may be by r & d. maybe making some acquisitions just as microsoft bought. >> i think that apple and in the next months making huge huge deals. say thank you to both of you. ohio courts are mourning the loss of george voinovich who passed away on sunday. he spent 12 years in the senate and two terms as governor and pulled cleveland out when he was mayor. george voinovich dead 79. we'll have more after this. v you pay your car insurance

and i had some very generous people, carl icahn gave half a million dollars, phil ruffin gave a million, ike perlmutter gave a million. we raised a lot of money, and i didn't have to do that. it would have been easier just to give the speech. and the problem with the press, what they do is they convince people like me not to do it, not to give money to different things because it's a lot easier that way. armed services, ymca of the united states, $75,000. bob woodruff family foundation inc., they do a good job, $75,000. central iowa shelter and services, these are all vet-related, $100,000. connected warriors inc., $75,000. disabled american veterans' charitable service trust, $115,000. fisher house foundation, great people, $115,000. folds of honor foundation, $200,000. foundation for american veterans, $75,000. freedom alliance, $75,000. green beret foundation, $350,000. hire heroes usa, $75,000. homes for our troops, $50,000. and just so you understand, we've got a long way to go. this money was raised during a little speech that i made rather than doing a debate. the one debate i mi

carl icahn was on cnbc recently and said everybody is set with this $19 trillion deficit.rillion deficit requires $402 billion of interest to support it. if you look at the history of the deficit, in 2007, the deficit was $9 trillion and we attained $430 billion of interest. so we are in pretty good shape, even from a fiscal picture. where if you have the fiscal pill all right and -- >> and interest rates remaining low where they are? >> that's what the fed i think will focus on in order to if a tate accommodative policy in normalization. >> that's a big part of debt, that you have to keep rates low. >> that's exactly what the federal reserve is trying to do. and i think they're thinking like you are, which is they want to normalize, they want to raise the fed funds rate and sam fishes said recently that the balance sheet with the accommodative policy while they normalize and they will continue to keep interest rates low on the long end of the curb while they normalize the fed funds rate. >> what are some of these other risk factors that played such a big factor? the chine

and then if you take a look at shares of hertz, we know carl icahn is upping his stake to 15.2%. by more than 3%, almost 3.5%. zillow is selling a lawsuit with move and actually for much less than what move had been looking for. move is owned by news corp. only settling for $130 million as opposed to the $2 billion as a result barclays actually upgrading zillow. you can see shares there higher by almost 7.5%. and i'm going to have more on ralph lauren coming up in the next hour. the investor day is continuing. no media allowed but we're listening in. bring you the latest coming up soon. >> thank you very much, courtney. get to pandora, a stock that's been in the news a bit lately. of course it was a few weeks ago that keith meister of corvex filed 13-d. analysts come out to see the company brought by various brokerages, i think it was isi that brought people to see john malone and the ceo of liberty. i mention that because liberty controls sirius. and there's been a lot of talk over time would sirius be interested in buying pandora, did it even make a bid. in these meetings mr. m

. >> also plays into the warning that carl icahn is getting out of the stocks. the competitors when it comes to digital assistance is amazon, which has one of the most talked-about products on the market with echo. although amazon hasn't released sales figures, from consumer intelligence research partners, they estimate that 3 million have sold since 2014. >> what's it called? >> alexa. your best friend. >> there you go. the next guest said amazon is hoping to triple sales next year of these echoes, which would equate to about a $1 billion hardware business for amazon. he's with us, senior reporter with the information.com joining us right now. amir, thank you for joining us. there have been questions about exactly how many echoes amazon has sold at this point. what's your guesstimate right now? >> so, actually, the estimate that you mentioned from a consumer research firm is a little lower than the actual amount. last year, amazon sold up to 1 million echo devices. this year, they're planning to sell as many as 3 million. as we've reported exclusively, 10 milli

icahn's been warning, look, it's very easy to be very rich and to be very negative. because you've already made it. >> well, they would say that's how we got rich in the first place. >> well, they didn't always. i think they took more risks. i think -- you know, the rich are different from you and me, as we know from fitzgerald, they are more skeptical and you have to have more faith. again, thank you fitzgerald for that because many of our viewers have not had a chance to be rich yet. and we are listening -- we had the unfortunate death of mr. perkins, and when i look at the companies he was involved in i think, geez, maybe i would have stayed away from one of those because i heard sorros was negative. i'm urging people to temper negativity, that we've been up a lot, the rest of the world's not. we have a little bit to come down or to equalize them, but i'm just not as negative as some of these headline rich people are. >> more tactically we got a brexit now, we're within two weeks of that vote. >> that concerns me. >> what's going to happen to liquidity? who wants

because that carl icahn, owner of the trump taj mahal, he's a tough business guy. and if people walk out, don't be surprised if he's been watching the news here, whenever they have a job fair with thousands of people lined how would willingly work for 8.99 or 11 bucks an hour, he mid say hey, i'll just replace these people. who knows. >> he's known as the hostile take over guy, interesting. steve, thank you. >> do women really need yearly exams? the answer might be no. >> really? >> shoppers, get ready, the king of prussia mall getting ready to get bigger and better. how many new shops are coming, coming up next. ♪ hey! ♪ they go ooh ooh. hey! ♪ ♪ they go oh-ooh-ooooh. ♪ sitting, watching, waiting, wishing. ♪ ♪ i tell you one thing, you never knew it. ♪ ♪ at the back of the bus ♪ there is so much to give, so dream big. ♪ yeah. ♪ ♪ and when they screaming get out, get out. ♪ ♪ll i wanna hear is t down, get down. ♪ ♪ yeah. ♪ and when they screaming get out, get out. ♪ ♪ll i wanna hear is t down, get down. ♪ ♪ get down, get down. >>> dave war never with your forecast,

. >> and a carl icahn pro. >> there is a hematology. >> it's the european hematology association yeehah in copehagen. two names that people are focussing on are -- sounds like yeehaw -- >> is that that sounds like fun. >> it does. hematology is a blood conference. for work in cancer and working in a rare blood disorder and folks say that data there could be really big to watch in terms of that opportunity for agios. they are working in sickle cell disease and paired a lot against bluebird bio working on a gene therapy for sickle cell. they are going the oral pill route. it's a much different proposition but closely watched. >> positive data out of gbt could be bad news for bio. >> for bluebird. some folks put those two against each other so you never know. >> question for you, meg. you know how i feel about the larger cap but two big programs, multi billion-dollar programs in place in the euphoria, is there anything on the horizon? i don't see. that's the only thing i look at in biotech that concerns me a bit. >> that's a good point. htv, hepatitis c, the class of immunotherapy drugs, m

. >> up next, when this man talks, wall street listens but is carl icahn quietly becoming the ult my contrary indicator. we'll explain, next. >>> i'm melissa lee and you're watching "fast money," cnbc first in business worldwide. in the meantime, here's what else is coming up on "fast". >> here is what bank of america says can happen to crude if one thing happens. the strategist behind the call will reveal what it is plus an unlikely group of stocks are sizzling as we head into summer. >> hot, dang hot, real hot. >> we'll give you the names and tell you if they are still worth a bond when "fast money" returns. using 60,000 points from my chase ink card i bought all the fruit... veggies... and herbs needed to create a pop-up pick-your-own juice bar in the middle of the city, so now everyone knows... we have some of the freshest juice in town. see what the power of points can do for your business. learn more at chase.com/ink . >>> welcome back to "fast money," backing out of it and calling to get out of space. >> i think listening to what you said he said, i get help and he has a coupl

carl icahn talking about the cutting edge on "squawk box" tomorrow on cnbc. >>> good morning, 8:00 a.m. in amazon headquarters, and it is 11:00 on "squawk alley" and we are live. ♪ ♪ i will tell you a story are about the joker and the thief in the night ♪ >>> good morning. i'm carl quintanilla, and jon fortt is off today and kayla tausche is with us as well as mark santoli. and big news with prime minister modi about to address a joint session of congress. and our own seema mody is with us. >> paul ryan is introducing everybody in attendance, and we have not seen the prime minister take the stage yet, but we will bring you the highlights, and once they come. it is going to be prime minister making the case of why the companies in the u.s. should do business in india, and india is a better place to do business than other emerging markets. this is a momentous time for the country, because it is currently the fastest growing momentous market in the world, but it is not the biggest, and china is. and india knows and prime m minister modi knows that in order to reach the target, it needs th