so carl icahn reportedly taking this stake, reported by the "wall street journal" yesterday.nd jana partners wrung so new directors out of bristol-myers yesterday and $2 billion buyback. icahn apparently think that bristol-myers is business and pipeline make it a good potential takeover targetnd in addition to opt divo it has several multibillion drugs as well as rheumatoid arthritis drug. a lot of people raising eyebrows about this takeover because it would be a gigantic deal. bristol has market cap of $90 billion. any premium would put it above $100 billion. a small number of companies that could do that however carl, i kano stranger to pharma mchlt and a. several years ago orchestrating several larger deals. >> yeah, meg no, doubt. pete, you've been in this stock before. >> yep. >> do you follow the money here, follow icahn in? >> i think the premise behind why carl is getting involved now makes sense. $100 billion just brought ups well, that's a huge number. but when you look at the pipeline, we love the pipeline. this is a stock trading well and then suddenly -- >> it's

however, icahn says he's done with this.onded by saying he is no longer interested in investing $100 million in needed renovations at the trump taj mahal. >>> major stock indices all down but just slightly. the dow down 19. this morning futures point to a mixed open orange lawmakers say the measure is that aimed at broadening the lottery's customers base. courier services would have to register with the state before delivering the tickets. >> 4:54. witnesses are grateful that this situation didn't end in a worse way. video shows a stolen taxi screeching into rittenhouse square. we have more on the driver coming up at 5:00 a.m. >> a study out this morning finds if you are planning a road trip, the later this year with your foam you will not be - family, you will not be alone. tonight's special: longhorn favorites. get our outlaw ribeye, the longhorn salmon, or the parmesan crusted chicken. and for lunch, try our steakhouse burger, or any steakhouse lunch combo. you can't fake steak. >> it was symbol of survival after a deadly

wrong. >> well, jim mentions bmy, icahn said to overtake, icahn seen as a valuable drug portfolio thatould attract a takeover. paper says it's not clear how large a stake icahn has bought. one thing's for sure, he knows how to maneuver this particular situation. >> you got to go over the january 26 conference call, which is one of the most disappointing conference calls of the year where jamie rubin at one point, a great goldman sachs analyst, says what are you guys doing? you've gone from having the best oncology io franchise in the industry with significant lead over competitors to handing that lead over to merck and in my view squandering what was an extraordinary view of the market position. and then i come back and say who's going to buy this $91 billion company given the fact it's lost its lead? maybe they can come back. but merck has got the momentum. >> it's got the mojo right now. >> mojo, yeah. >> it does. in particular for i believe they also have the nonsmall cell lung cancer treatment that did better -- >> far better. far better. opdivo numbers still too high. still bristo

still ahead, carol icahn causing a flurry of buyers in the days to come.ve got the names and what the street is saying in a special edition of stock therapy with meg terrell right after the break. with the help of the lowest taxes in decades, a talented workforce, and world-class innovations. like in plattsburgh, where the most advanced transportation is already en route. and in corning, where the future is materializing. let us help grow your company's tomorrow - today at esd.ny.gov when you have $7.95 online u.s. equity trades, you realize the smartest investing idea isn't just what you invest in, but who you invest with. ♪ isn't just what you invest in, but who you invest with. if only the signs were as obvious when you trade. fidelity's active trader pro can help you find smarter entry and exit points and can help protect your potential profits. fidelity -- where smarter investors will always be. >>> welcome back to "fast money." does carl icahn have the prescription for what ails bristol-myers squib? fuelling speculation of a takeover and reinvigorati

. >>> icahn takes aim. the activist investor takes a stake in bristol-myers squib. could the drugmaker be a possible takeover target? >>> and faceball. could baseball be coming to a new speed near you? it's wednesday, february 22, 2017, and "worldwide exchange" begins right now. ♪ >>> good morning. very warm welcome to "worldwide exchange" here on cnbc. i'm wilfred frost along with seema mody in for sara today. good morning. >> good morning. great to be here. >>> let's check in on the market action. record highs once again across the board yesterday. about 0.5 to 0.6% of gains and unlike last week it was a broad rally. every sector in positive territory, real estate and energy the leaders of the pack. the worst performer, materials, that was up 0.4%. so only a tenth shy of the overall market return. highlighting the broad nature of yesterday's gains and optimism. let's look as well. futures call for another set of record highs today, only slightly. essentially the futures market is flat, even though the color is green. if we look at ten-year note, 2.425%. of course

carl icahn is no stranger to bio pharma.engineered a lot of deals a couple years ago, agitating at biogen where he got directors on the board. so he was active in the space. he did have a guy, alex denner in house, who was working on pharmaceuticals and biotech for him. denner has since left and is working on his own fund. but he's certainly no stranger to the space. >> meg, stay here. we have more to talk about with this. let's look at big pharma and some possible deals. calling in on the squawk news line is barbara ryan. you heard what meg was talking about. carl icahn thinks bristol-myers is a takeover target, do you? >> yeah. good morning, becky and meg, thank you. as meg said, you know, obviously bristol-myers has had some major disappointments with their lead drug in lung cancer. the stock has gone from an exalted growth stock to one severely punished in terms of multiple compression as expectations have fallen. that said, this is a very well run company. with an important opportunity in front of it in lots of other in

investor carl icahn is ready to find a buyer for the casino hotel that closed, he closed this october. aye caichaahn icahn. >>> in court yesterday people living in bay head and neighbors areas argued a walk wall they spent $5 million to build will protect homes from ocean. governor chris christie wants dunes along most of the state's coastline to work properly. environmental protection says the dunes have to be seamless. >>> some officials in the lehigh valley want to ban bamboo. meet today to consider new restrictions on growing bamboo within the city limits. bucks county adopted similar rules. bamboo is a hard variety of grass that can damage lanes, foundation, and water lines. >>> turning to traffic. expect more delays on septa's market street line. yesterday represents of septa show pictures of cracks on two subway cars. transit agency then pulled 110 train cars from service that have indication of cracks. no timetable for when it will be back at full strength. >>> 4:48. 43 degrees outside. get you to work on tuesday morning. >>> jessica boyington, where are you starting, schuylki

carl icahn ready to find a buyer.cahn said he made the move after state lawmakers passed a bill to revoke casino license for five years. yesterday governor chris christie vetoed that bill. >>> delaware governor says his administration plans to focus on revitalizing the state. spoke yesterday at a community forum. blueprints need to be drawn. . goal to make delaware a place people want to live and work. >>> officials want to ban bamboo. bethlehem city counsel will meet tonight to consider new restrictions on growing bamboo within the city limits. bamboo is a hard variety of grass that can damage lawns, foundations and water lines. >>> 5:47. philadelphia strawberry mansion neighborhood in the national spotlight. >> lester holt featured it in aspiring america series. recently came to philadelphia. lester, did and met with business owner. this corner property used to be a neighborhood bar once owned by his mother. in 2007, shortly after she died, he decided to reopen the place as a community learning center. >> afterschoo

billionaire investor carl icahn blames a bill that would have pun irbled him for closing the taj by stripping the casino license for the property for five years. governor chris christie vetoed t carl icahn closed the taj in october after members of a hotel and restaurant workers union went on strike. >>> well, bucks county man is behind bars this morning for child sex abuse crimes that investigators say date back as far as 40 years. police arrested 58 year old william thomas of falls township. he is charged with rape of at least five young children and possession of child pornography. police say detectives found 1,000 pairs of children's underwear while searching the suspect's home. authorities say thomas could cod face life in prison. >> this man was a trophy collector and creator of monumental proportion. he was a historian. he historically reported all of his con consequences. >> authorities fear there could be even more victims. they ask anyone who may have had contact with the suspect to call falls township police. >> in other news, bizarre joy ride of a cab in rittenhouse square, all ca

he was director since 2008 and served on a dozen boards at icahn's behalf.orts say he wrote an e-mail to colleagues in december announcing his departure. didn't say what he was doing next. it's unclear whether icahn will replace him. >>> paul tudor jones is cutting fees for the second time. the change comes as tudor investment has seen clients pull money, upset about high fees without much profit in return. >>> in other headlines, morgan stanley gave some wealth management clients incorrect information on taxes that caused some to underpay and others to pay up. in order to cover the costs, the bank is setting aside $70 millions to k millions to cover costs. it's in discussioned with the irs over those errors. tax season. >> i'm learning about it. i think it's worse than tax season in the uk. >> why? >> don't get me started. >> you have to do double tax day. >> all these confusing things. >> hire a good accountant. >>> top trending stories, pricwaterhousecoope pricwaterhousecoopers, we have some light on the envelopegate. the company saying that its own accou

even though governor christie vetoed that same bill, icahn responded by saying he's no longer interestedinvesting $100 million in that needed renovations. >> all right. nice this morning david but you say take the umbrella with you. i went back inside to grab it this morning. >> good, because especially after about 9, 10 o'clock up until about 1 o'clock this afternoon we'll have periods of rain coming through. after that, not as bad. storm tracker6 live double scan shows you that right now there are a couple of spots of precipitation, it looks like showers down along the coast have now cleared the coast, so wet roads should be drying out there before too much longer. but that area up north we have had an issue. allentown starting to dry out now as is easton but notice how we do have that area of blue just to the north and east of easton and in northampton county and points north and east, there is the chance of some freezing rain and even though you're drying out right now, check out that many extra little blip coming into the left-hand portion of your screen around lebanon. any little b

as we said previously the notion that carl icahn is anything other than a special government employee is hard to swallow. he has the title, has been involved in personnel decisions helping pick the sec head, has brought regulatory portfolio, every part of regulation, that directly hits his pocketbook which he can then use to support trump and others in big ways and they issued a press release. that is not an informal advisor, that is a special government employee subject to the ethics clause and it is worse than that because his own sons and himself a crony. we need a nude -- a new term for it, by hanging onto his businesses, all these decision cycle back and putting his sons in charge cycle back to his family members. we don't even know, we don't have his taxes, don't know if he was defending nordstrom, defending his daughter, we don't know if he was defending his own investments in her business. it is very important because of the intensity of the wrongdoing, we maintain the intensity of the outrage on a daily basis. >> you have done great work, in the world forum on governance and

wilber ross, and karl ike e icahn said i heard you got wilbur. we have gentleman jack welch. looking forward to in a little while to discuss all of the things that you think we can do to bring back our jobs, to get taxes even lower than we're going to be cutting them. we have a great plan but i want to have your input on the plan in particular, and to do what we have to do in terms of regulation. we have some of the bankers here. nobody better to tell me about dodd-frank so you'll tell me about it but we expect to be cutting a lot out of dodd-frank because i have so many people, friends of mine that have nice businesses businesses and can't borrow money because the banks just won't let them borrow because of the rules and regulations in dodd-frank so we'll talk about that in terms of the banking industry. and with that i just want to introduce somebody i have nope for a long time, done a fantastic job, and we're thinking of having these meetings -- start making on a monthly basis, going a quarterly basis because monthly basis sounds like a lot, but we really want youren -- yo

icahn and meg tirrell has reached out to bristol-myers.about 2% at 55.63 on word carl icahn has taken a stake. we do not know how large of a stake it is in that company but he sees it as a possible takeover target. i'm sure we'll have more on this as the afternoon draws on. folks, back to you. >> thank you, ty. listen, we need to know a lot more. >> i'm not going anywhere until we know some more information on that one. >>> 17 minutes left in the trading session here. boy, incrementally it just continues to move higher. the dow up 125 points right now at 27 -- 20,749. you've been doing it for two weeks. it kept going up. >> we see the green eyed bull every day. >> two down days while i was gone i am told. >> you still decided to come back with all of that at steak. >> i did. i did. i'm staying, too. >>> it could be back to the future for u.s. banks if president trump succeeds in the deregulation. that could have an impact on the lending mark. >>> for years the u.s. and u.k. have attracted the most wealthy migrants. there is a leader of the

we see it on this regulatory thing with carl icahn, which is the most astounding of all abuses. you see it in the cabinet and it will flow down to people, you know, if you look at the cabinet and the criminal record in the -- and the wrongdoing record of the cabinet appointees, in any past administration these people would have been thought inconceivable to be confirmed. he flooded his cabinet with people who have either violated in law or they are coming having violated the law. now they have been forced through and they also will follow with massive payback to their industries and all kinds of technically corrupted dealings and i think that is what we will see over the next four years. it does start with the president and it will be pervasive. ms. kennedy: i think that is true and i do want to highlight a place where i think we will be able to see clearly whether the rule of law is being followed or whether, you know, kind of the pushing the bounds of the law as a private citizen, you know, my ight do that is completely inappropriate in the sphere of public service, when we lo

icahn says he's fed up. new jersey senate passed a bill that would have punished him for closing the taj by stripping him of a casino license for the property for five years. governor christie vetoed that bill today. president trump opened the taj mahal casino in 1990 but lost control of it in bankruptcy. >> let's get a check on your fox 29 weather authority. as we take a live look at bush kill falls in the pocono mountains. you know we had pretty nice day in the city today. >> that's beautiful. >> beautiful out there. but a different story in the poconos mountains and the lehigh valley. >> let's get on over to meteorologist kathy orr. happy monday post super bowl d day. >> the day after. >> the day after. >> how do you feel? >> you know what, we went on at midnight we had early broadcast and here we are again. >> i'm full. aren't you full? >> i still am. >> i haven't eaten much today. i don't think i have to eat for a couple days. take a look hyped me. today's high temperature soaring above normal. the norm

here is carl icahn swooping in. ashley: thank you, adam shapiro.bt five minutes away from the closing bell. after a three-day weekend the markets seeing yet another day of records. it goes on and on and on but is it sustainable? we ask that every week. what is the true strength behind this rally? let's bring in pacer etf president sean o'hara. we called him sean pacer in the last segment. we apologize for that, sean. sean o'hara. thank you, regardless, for being here. the question we ask everybody, how long can this rally go on and on? a lot of people say really it is not a lot of downside, as long as president trump can deliver his promises? >> well that's the whole story. the market loves the trump message. they love what the president is doing. they love his plans going forward. tax reform, regulatory reform, energy independence, repeal and replace obamacare. everything that he is talking about the mark account loves and is pricing in. the real proof in the pudding will come whether or not he can actually get what he wants get implemented and ho

there is one example that stands out above the others, which is carl icahn, old friend of the presidenthas been named his special regulatory advisor. he is not an actual government employee. but he has a special advisory had aand he is reportedly decisive effect of her choosing who would lead the environmental protection agency and the securities and exchange commission, the two parts of the government that historically relates to his business empire, his investment empire. of course, we have a guy running the epa who has been hostil e to the agency, aiming to destroy it. we have a guy nominated to run the securities and exchange commission who is very likely to adopt laws that will benefit carl icahn himself. juan: robert weissman of public citizen, thanks for joining us. that does it for today's show. i am want comes all is. thanks for joining us for another edition of democracy now! democracy now! is looking for feedback from people who feedback from people who appreciate the close - today on america's test kitchen, julia prepares the perfect strawberry-rhubarb pie. adam reviews cold

the secucurities andnd exchange commission who is very likely to adopt laws that will benefit carl icahnlf. juan: robert weissman of public citizen, thanks for joining us. that does it for today's show. i am want comes all is. thanks for joining us for another edition of democracy now! democracy now! is looking for feedback from people who appreciate the closed captioning. e-mail your comments to outreach@democracynow.org or narrator: discover the northern reaches of the planet with "explore," through live high-definition web cams and expeditions deep into the arctctic. experience this remom, wild r region like n never befo. [wind whtling]

the secucurities andnd exchange commission who is very likely to adopt laws that will benefit carl icahnlf. juan: robert weissman of public citizen, thanks for joining us. that does it for today's show. i am want comes all is. thanks for joining us for another edition of democracy now! democracy now! is looking for feedback from people who appreciate the closed captioning. e-mail your comments to çÑÑch@democracynow.org or >> i am jim thorton, the voice of wheel of fortune. it is great to be back with you. i'm excited to tell you about a remarkable documentary. it is called "our mockingbird." it is about two high schools in birmingham, alabama -- one in a white neighborhood, the other african-american. they decide to put on a production of harper lee's book "to kill a mockingbird." it turns out to be one of the best teaching tools. the kids learn important lessons about race, justice, life in the south. most importantly, they learn about each other. as you probably know, the book was published in 1960 and won the pulitzer prize.

carl icahn is looking for a buyer. he made the decision after state lawmakers passed a bill that would have stripped him of a casino license for five years. governor chris christie today vetoed the bill. >>> dozens of new homes could come to the delaware river waterfro waterfront. it's for sale as a town house project. this is a rendering of what it would look like. the property at north delaware and fairmont avenues is the site of the failed trump tower philadelphia. >>> murdered inside her home. the search for the killer who took the life of a community activist. >>> a woman confesses to kill her husband. how investigators say she turned his hobby against him. >>> landscaping crackdown. why a local government wants to limit what you can grow in your yard. glenn? >>> i'm tracking record warmth one day and snow the next. the weather roller coaster. all the details in your most accurate forecast. >>> a delaware woman admits she killed her husband by lacing her steroids with antifreeze. she could face life in prison for

investor karl icahn closed the casino. governor chris christie vetoed that bill but new jersey senate is meeting today and override that veto. >> governor christie heads to washington tomorrow for a lunch meeting with president trump. he was even tapped by the president-elect to lead his transition team but he was ousted from that role. michael flynn in the past hour the white house said president trump is vauevaluating the situation. flynn apologized to vice president mike pence over a controversy involving russian sanctions imposed by the obama administration. flynn talked about those z-angss with the russian ambassador before president trump took office. vice president pence has previously said flynn assured him sanctions were not discussed but since then, flynn told the white house that topic may have been come up. >> new details tonight about hate flyers dropped off in south jersey neighbors after hour report last night. another person is called police saying they found a similar flier in morris town. yesterday people

why carl icahn, nelson peltz and others are suddenly swarming again and what it means for investors anday joe terranova, steve wise, brothers najarian. we begin with the markets and why big name investors are back and battling with the country's biggest companies if latest example, carl icahn's reported new

bristol-myers squid shares rose after carl icahn took a stake in the drugmaker.ut investing after this. this is bloomberg. ♪ amanda: "what'd you miss?" with the takeover proposal off the table, unilever is vowing to boost shareholder returns with a strategic review that might point to the breakup of consumer goods businesses. our activist investors getting a little too involved in the running of businesses? great to have you here. david, i want to start with this , warren buffett taking a run at it and pulling back before much happen. what we now see is the major consumer products play responding and saying it will make strategic direction changes. is that a healthy response? >> it's a healthy response, but at the same time, you're seeing a lot of consumer product companies come under margin pressure. if you look at it from the buffett,ve of 3g and they look at things similar to the way we did with livermore. it provided the opportunity to make deals at less than the intrinsic value of these businesses. aselieve they looked at it that they could make a go of it.

the building currently owned by billionaire investor carl icahn.e closed the resort in october after strike by casino workers. >>> a drive by shooting with pellet gun under investigation in south jersey. police say at least one pellet came close to group of customers waiting in line at a food truck. "eyewitness news" reporter cleve bryan is live at the scene in pennsville with more on the search for the shooter. cleve, good afternoon. >> reporter: good afternoon. this wasn't just any pellet gun. police say this was a high-powered armor piercing pellet gun or air rifle that easily could have killed someone and the police chief says here in the state of new jersey, it's considered a firearm. right around 7:00 last night police say someone was driving on route 49 near the sunoco where the food truck is park. at least one shot was fired. possibly more. pellet struck the food truck. police have cut out where that pellet was that's why you see a square on the side of the food truck. the shot barely missed several people standing outside no one was hurt b

carl icahn taking a stake in bristol myers.back in a moment with every early morning... every late night... and moment away... with every click...call...punch... and paycheck... you've earned your medicare. it was a deal that was made long ago, and aarp believes it should be honored. thankfully, president trump does too. "i am going to protect and save your social security and your medicare. you made a deal a long time ago." now, it's congress' turn. tell them to protect medicare. at angie's list, we believe there are certain things you can count on, like a tired dog is a good dog. [ dog barking, crashing ] so when you need a dog walker or a handyman, we can help you find the right person for the job. discover all the ways we can help at angie's list. wheyou wantve somto protect it.e, at legalzoom, our network of attorneys can help you every step of the way. with an estate plan including wills or a living trust that grows along with you and your family. legalzoom. legal help is here. maria: welcome back, markets are flat right

. >>> billion air investor carl icahn is planning to sell the shuttered taj mahal in atlantic city. the casino closed last october during a strike with the main workers union. he said he hade up his mind after legislature passed a bill that would have stripped him of his casino license for five years. governor christie vetoed the measure saying it is shameless ly backed one side, in a labor dispute. >>> when we come back tonight, pet therapy but not necessarily for the patients, the local hospitals that is using four legged friend to help employees, and how they say it is working, kate. >>> we started week on a warm note and we could talk about near record temperatures by wednesday but not so fast a winter blast follows. i'll tell but a cool down and chance for accumulateing snow. >>> pieces of philadelphia history back where they belong , the a hazing journal irv rise less documents. exclusive to "eyewitness news" >>> go west, drunk man. go west. sixers are involved in trade talks, concerning jahlil okafor, where the big man could be heading, and what the team would get in return?

. >> billionaire investor carl icahn putting the trump taj mahal casino up for sale. blames a bill that would have punished him for closing the taj. casino license for the properties, for five years. governor chris christie vetoed the measure, icon closed the casino in october, after hotel and restaurant union members went on strike. so far no word on any future fires. >> coming up wild and scary scene unfolds inside after police station. >> and the whole thing broadcast on facebook live. >> the reason two men decided to walk into a police station with long guns and masks, and how this all ended. >> and valentine day almost here. we will tell you five reasons why people in relationships say love is taking a toll on them. we will be right back. >> ♪ >> ♪ >> ♪ >> ♪ >> nice throw back to maroon five. this is live look outside, you are watching "eyewitness news" this morning, hopefully this weather is taking a toll on you. >> is love taking g a toll on you, rahel? >> no, because there is no love. >> oh, more on that when we come back. >> ♪ >> ♪ grnchts fear there could be

who would sleep with this mix with negative mistress then shoot the jews and said to the interviewer icahn not wait until the movie is over i becoming a worse person. that is powerful. he knows he is acting a role in greediness script listening to a director's instructions everything is behavior. how you act is how you feel. if i have only one chance with young people this is the message is the most difficult for them to hear because everything has then how do you feel? i don't care how you feel. how many adults have said that to kids? often zero. eyecare you lacked -- i care how you act. my son was to -- two years old. is a painful subject he is around 32 now laugh laugh he was in a park his mom told this to me but she does not exaggerated a for or five you'll play through our son to the ground just like that. and his mother ran over to him and said what is troubling you? [laughter] i just want to say for the record i do not know i do not know who she was but no one thing for certain she attended graduate school. [laughter] you learn to say something that stupid. that is not naturally com

while lyft has been the beneficiary of all of this it noted that have ties to icahn and peter thiel trumpt----- tags--white house silicon valley uber left immigration almost just as important as the game itself is the tailgate. coming up we'll take you inside a whole new level of pregame. tonight will be mostly cloudy with decreasing showers. expect increasing clouds on sunday with rain and wind in the afternoon. next- we're showing you how the most dedicated tailgaters celebrate superbowl 51. [crying] ahhhhhhhhhh! the price you see is the price you pay, unlike cable. [crying] ahhhhhhhhhh! the price you see is the price you pay, unlike cable. tailgating is nothing new... but one atlanta start- up has taken the tradition to a whole new level. kevaney martin tells us how some football fans will be celebrating in first-class tomorrow. if you're thinking about a new big screen tv for the big game on sunday now is the time to buy. you still have a few hours left. kron4's tech reporter gabe slate says tvs are at their lowest price right before the super bowl. he shows us what's hot in tvs right

possibly because icahn sold his stock. we did see 2.5 times. over 32,000 trade.uyers, 15 cents. that's betting that it could be below 13.85 by the expiration. >> weren't we bullish on this on friday? on apgss actioptions action? >> yes, we were. given karl could be selling his had stake. >> all right. thanks. check out the full show fridays at 5:30 eastern time. still ahead, in honor of valentine's day. didn't forget. the traders give you the four stocks they love. hegau dog? connecting bra wn arg reat iyo r whyou casharst,eaal tradewit of? i ur binraou beb?? thenoededffm lyat arldthfa tor. whyou casharst,eaal tradewit of? rarkrmhas all e... t tha 'yat arldthfa tor. whyou casharst,eaal tradewit of? nobp gests offteam pport ore etshave es esn ouwv rarkrmhas all e... t tha alalking to r. ar iavelov00 mipeho. to,thk k anndof r bl0 mipeho. raricafoabt ery r frhe gi tm d & pr l ico your br, >>> it's val . >> it's valley sbeens day. >> google, consistency, growth. that's what you love. that's what we love. >> it is a stock that the market is falling in love with. tesla

. >>> icahn takes aim. the activist investor takes a stake in bristol-myers squib.rugmaker be a possible takeover target? >>> and faceball. could baseball be coming to a new speed near you? it's wednesday, february 22, 2017, and "worldwide exchange" begins right now.

we learned last night that carl icahn is making noise about how it can be taken over. i think these estimates are more likely too high. i know a bunch of people shorting the stock, but there's carl in there agitating. kind of remind s of how apple was. what a difference a quarter makes. as we saw apple's earnings accelerate. what's so important about all these situations? not one of them lies on the president's agenda. sure, there may be people bidding these stocks up. and i have no doubt something good will happen, given the president and congress support these policies. it's just i don't see lawmakers getting anything done on the tax reform until late this year or next year. in the end, every time you want to give up on a stock, seems like something good happens. you want to give up on popeye's ahead of mardi gras? $79 a share for this mid $60 a share stock. positives. keep coming. while the stock market certainly seems expensive, individual companies can often turn out to be quite cheap, given better than expected earnings, possibility down the road of a better tax

many administrations in this kind of situation would say, ok, we fired a shot across the bow now icahnown an attempt or school and move on. calm down and move on. aggressively, more tweets, more executive orders, more announcements of sanctions and so forth, you could get pretty rapid escalation, and my view, would not be in the best interest of the u.s. both sides could drag each other upward pretty quickly if they're so inclined. again, the normal presidential in administration knowing that is a risk, this point having done its bit in signaled both the domestic supporters into the iranians and others -- would be looking for opportunities to deescalate. we will see. vonnie: stephen biddle, we have to leave it there. much appreciate it. i would like to reiterate the ruble is stronger and brent crude is trading just below $57 a barrel. mark: still ahead, we will dive into president trump's plan to rework dodd-frank. this is ♪ london, this is the european close on bloomberg markets. i mark artan. just six minutes until the end of the session. vonnie: in new york, i am vonnie quinn. mark:

>>> congress members from california, colorado, oregon and arkansas now make up the congressional icahn bcon gressi congressional cannibus caucus. >>> they're calling for a general strike on march 8th which is international women's day. they also want to draw attention to the issue of gender equality. >>> the nationals will play their first spring training game in a week and a half and they're all down in florida. the nats are at a brand new ballpark for spring training this year. news 4 sports reporter will be at the ballpark of beaches. you can follow her on twitter. >> poor carol having to go to florida and hanging out with the nats. >> she's missing out on our complete lack of cold air here. >> no complaints around here. >> if you're going to be in florida, you know, you want us buried in snow if you're going to florida this time of year, but that's not what's going to happen. it's been the winter without winter around here just about. all three months of winter have been comfortably above average. december was two degrees warmer than average with only a trace of snow. january was m

icahn is now trying to sell it. >>> question toss night about the future of a football stadium for templelity stied study for the stadium is now on hold but it's not clear what that means. the school says a statement there is no change in status and that it continues to consider the future of a university stadium. many homeowners near the school and students want to block the stadium fearing arise in taxes and tuition. temple currently uses the link as its home field but that lease expires soon. >> meet lionness, cute little beagle this pup spending whole lot of time in local library. he cannot read. but he is keeping children -- teaching children to read. you'll love this one. >> kathy is tracking your forecast. i'm going to love the forecast. >> you are going to love the forecast. yes, 70s last week but we can have back to back and record this week. we are going for the warmest february of all time. we'll check the numbers in the forecast coming up. (vo) what if this didn't have to happen? i didn't see it. (vo) what if we could go back? what if our car... could stop itself? in iihs fron

investor carl icahn closed the casino hotel in october.e said he made the move after state lawmakers passed a bill to revoke casino license for five years. governor chris christie vetoed that bill. >>> 6:37. relatively warm today, but as bill has been telling you all week, remember the umbrella today. you'll need it. >> 45 degrees. check in with bill henley for the most accurate forecast. >> less than half an hour away from sunrise. see the skies starting to lighten up. clouds moving through. few breaks in the clouds. going to be a cloudy morning. dry right now in the city. already tracked rain showers. not in the city, but just to the north. see very light showers. upper bucks county just a few sprinkles. the main event happens later this morning. this arrives right around midmorning. to too warm for anything else. 34 in the lehigh valley. 37 in the suburbs. delaware at 37 degrees. some neighbors in philadelphia are in the mid 40s. 46 right now in graduate hospital. low 40s for andorra. northeast philadelphia. all in the very low 40s. war

billionaire carl icahn owns it he's trying to sell the closed casino in atlantic city.ss add bill that would have punished him for owning the taj. president trump and opened the taj mahal casino in 1990 but lost control of it in a bankruptcy. >>> royal farms expanding its reach into our area and hoping to give wawa a run for its mon money. maryland based convenience store is opening its first jersey location in magnolia, camden county this spring. the chip already has a presence in delaware. it opened its first philadelphia area store in 2015 in ridley park. so got a question for you iain. do you perhaps buy flowers for vitt on val lines day. >> i do. >> what's your favorite. >> i like red roses. look good, you know. >> get that wallet ready. they're not cheap. if you do buy the flowers get ready to dig deep. it's worth it. according to fat wallet a dozen roses unarranged costs about $65. that could explain the nearly $20 billion americans spent last year for valentine's day. the retailer says that people with spouses spend average of a hundred buck on their sweetheart

billionaire carl icahn owns the taj mahal, he's trying to sell t president trump opened that casino in990, but lost control of it in bankruptcy. >>> time now 4:39. if you have ever had an encounter with a philadelphia parking authority, you know they take no mercy if you break the rules, not even when you're head of the police department. the department's public affairs department confirms commissioner richard ross got a parking ticket outside the bellevue yesterday. it was 9:22 a.m., he was parked in a zone that's not open until 9:30. the department says the commissioner has already paid his ticket. >> i have a feeling that's ammo for the parking thought now, even the commissioner got a ticket. look at this video. a call for a truck on five, but that's not the only problem. >> it is right, look where it is, in the middle of a drive-through of a fast-food restaurant. well, what that officer did next to protect other drivers, and the people inside. >> this is good day philadelphia. >>> yep, it is. protesters now have a new ally, as they try to stop pipeline construction in the midwest.

. >> carl icahn can sell out in 30 seconds. at this, does it say these promises are being made, de-regulation, tax cuts. >> there are no promises, there's talk. i highly doubt the gop congress is going to get behind a $1 trillion infrastructure spending plan. i can see deregulation coming. i think you will see deregulation in financial services and a tax cut. those probably will be good for the bottom line of a lot of corporations. the math is still there. valuations are stretched in the equities and it's topee right now. >> the bottom line to financial services companies, energy companies, that doesn't necessarily translate into wage increase, which is what president trump supporters are looking for. there isn't a big manufacturing industry here. if the w, consumers told us they want to buy cheap products quickly. >> the maker of these things, iphones, the company that assembles them is laying off workers in favor of implementing robots. when chinese find labor expensive, it's not likely we are going to bring them back to high

there is a report that billionaire investor carl icahn has taken a stake in bristol-myers squibb.e takeover target. bristol-myers lost about $30 billion in market value after setbacks with its cancer drug. that is your bloomberg business flash. tom: thank you. one day dr. kissinger got on an airplane and went to china. that was the beginning of a generational change on china. no one was in wall street economics has known the fabric of china and our change relationships with the nation than stephen roach now at yale university. if you are to write the next asianale, how do you in the new america? stephen: it is in denial over what asia is doing to support its standard of living. as you know, tom, we don't save. to compensate for this shortfall in our savings, we rely on nations like china to provide us with their surplus saving -- and, by the way, chief goods that stock is shops at walmart to help make's me for income constrained american consumers. take china, which is the engine of asia out of the equation, how do we deliver on the social compact for american families? ii: the po

carl icahn was in talks to buy a casino. i'm only going to buy this casino if i can break our contracts with labor unions. and he said listen, i can't make a profit if i have to uphold these agreements. so do you want a job or do you not want a job? so when you look at the agreements, maybe there is a middle ground. in the state of california for example an employee can sue an employer if they are feeling extra stressed. and so there are companies, there are restaurant chains that will say you know what, i don't want to put myself in a situation where i'm open to that kind of liability and they're not growing. so maybe there is some middle ground. a guy like andy puzder who has been aggressive in the past saying things like i don't want workers, rather robots, that's massively offensive, it's hard to get over the hump, but it is true robots are not works and they don't take vacations. in the past were his customers. maybe it could have been different now. listen, he's pulling out, listen, he's had this nomination, the hearin

waiting for the services business -- >> this is like an age old conversation about apple, one that carl icahnimself made years ago at this point. even at this level, you know, three years ago, four years ago, that it was underweighted by so many people. you had to essentially play catch-up and that was going to give the stock over the long term. >> they sell it when the s models come out. so like the 6 is a huge hit. everyone goes crazy. 6s, nothing special. then the 7 comes out. buy it back in. they sell it on those off years because they misinterpret a year over year drop as something secular. apple can't innovate apples over, et cetera. they do it every single time. >> you also brought into if conversation to the entire tech sector. every one that was cautionary about the concerns of, well, rising inflation, president-elect trump does not like the sector. we're going to have an issue as it relates to globalization being put to bed. technology has come right back once again and we're now focusing on the things that matter. corporate tax cuts repatriations. you want to talk about large cap?

billionaire carl icahn owns the taj and he is trying to sell it.d the casino in 1990 but lost control of it in bankruptcy. >>> berks county couple agreed to give up custody of their six children after their two-year-old daughter died from pneumonia. >> the couple says they don't believe in medical treatment because of their religion. ella foster died in her upper home last november. her parents jonathan and grace foster are charged with involuntary manslaughter as well as child endangerment. their six other kids are now in the care of berks county children youth service. the couple belongs to the faith tabernacle church and their faith promotes faith based healing. >>> your fox 29 weather authority right now. changes in the air. take live look at trenton, and look at the wind. whipping the flag right there. and they could become an issue again. the winds of change as we like to call them are blowing in for the weekend. we've got your full forecast coming up in 15 seconds. >>> after a pleasant day we're seeing some sprinkles. we're seeing flurries a

carl icahn called up "i hear you got wilbur." looking forward to cudiscs all of the things that you think we can do to bring back our jobs, to get taxes even lower than we're going to be cutting them. we have a great plan but i want to have an input on the plan in particular and to do what we have to do in terms of regulation. we have some of the bankers here. nobody better to tell me about dodd-frank than jamie so you're going to tell me about it. we're expecting to cut a lot out of dodd-frank. i have a lot of friends of mine that can't borrow money because the banks went let them borrow because of the terms and regulations of dodd-frank. with that, i want to introduce somebody i've known for a long time who has done a fantastic job. we're thinking about maybe on a monthly basis, it will go to a quarterly basis because all of a sudden monthly basis sounds like a lot but we really want your input. we have the biggest, the brightest in the world, in this country in this case. weep also ha we also have a manufacturing group which i

the current owner billionaire carl icahn is now trying to sell it. >>> philadelphia developer bart lat bought land along the boardwalk near the former showboat casino. his purchase will increase outdoor uses for the area around the showboat which he reopened last year as a non-gambling hotel. included in the purchase the garden peer across from the shuddered revel casino as well volleyball court between revel and the showboat. >>> city bus driver near minneapolis pulls up to a stop on his route to see a group of rowdy noisy kids holding sipes and yelling. turns out it was all a big surprise just to say thanks. fox's samuel king explains. students and signs were ready. they just had to wait for jeff to pull up with the bus route 515 which travels between the mall of america and south dale center. >> he's had big impact on all of us. >> reporter: jack one of 20 students at jj trip wrestling school ready to surprise their coach and hopefully make his day. >> he just wants to us get better and that's his thing. he just makes us tougher. >> reporter: right on time at 1:31 the bus pulled in.

carl icahn called me and said, i can't believe you got wilbur.on wall street is known as wilbur. he's one of the greats. and he's fair. and he's fair to other countries. he will be fair to other countries. and i think we're going to have a whole new -- a whole new picture by the time we finish. so i just wanted to thank you for being here. we're starting the process, and i think it's going to be a tremendous thing for our country, for the workers, and for our companies that employ the workers. and thank you all for being here. thank you. >> there's jared kushner right there, of course, president trump's son-in-law. he went on at length how much he likes having wilbur there. the president says he wants to talk about nafta, creating a new nafta with an extra "f" for fair. reed wilson is with us. i was wondering what would this be about. it's about trade, which goes to show, i think, where this administration wants the focus to be on in these early days. >> and this is an interesting group of senators because as we've seen over the last couple of mo

we have breaking news, carl icahn stake in a texas refiner grew on tuesday after the billing erin best of donald trump and special advisor to him helped broker a proposal that has prompted a lot of criticism as well. one thing we should make clear is that he advises the president on an individual capacity, it's not a position he had to be approved for, some perhaps the rules do not apply to him. this is bloomberg. ♪ scarlet: "what'd you miss?" snapchat will be the first tech listing of the year. some analysts a mark or's are enthusiastic about treating -- creating ads, but will it sustain long-term investors? we have the perfect person to ask the question. revenues that snap has achieved, is it sustainable when you consider that user growth has tapered off? >> this company has been able many times over to multiply its ads over the last year, but this is a company that also has a lot of ailing up to do. advertisers, when i spoke with many of them last week in new york, they see it as an experimental part of their spend. to scale it long-term, they need to make some technological advance