>> we've got carl icahn. >> carl icahn endorsed me. endorsed me. >> i have the greatest businessmen in the world, carl icahn, many endorsing me. >> i will call the executives or i will have carl icahn do it. >> i want carl icahn negotiating for me. >> he loves him some carl icahn. the president's billionaire investor friend carl icahn it turns out loves that obscure irs rule. he says because of that obscure irs rule, that's why he bought an 82% stake in an oil refinery business in 2012. he spent over $2 billion because he saw that rule coming. and that would make it all worth it. there has been only one problem with that investment there is an environmental rule, the renewable fuel standard that has really been eating into the profits of that refinery that he owns are 4/5 of. last year carl icahn fired off an 11-page letter to the obama administration complaining about that rule. he told them the rule is broken and needs to be fixed immediately. the obama administration was not persuaded. they did not pull the rule. that was in august.

carl icahn is a billionaire many times over.ct, one of the wealthiest people in the world. oliver: roughly 20 times over, right? >> that's right. he has what seems almost the perfect decision and the trump administration, because he is a special advisor to donald trump, which means he does not, he is not a government employee and is not to sell any of his vast holdings, which encompasses industries across the board, and yet he can give advice to the president on regulatory reform. that is his portfolio, but he is not a member of the trump administration. he is essentially a regular citizen just like you and me, only trump has designated him as someone who's advice matters and who will help the government undo what icahn calls the strange late in regulations holding back the economy. oliver: trump admires him. he talks about him. carol: how close are these guys? >> they have known each other in new york business circles for decades. icahn helped trump hold on to the taj mahal when it was flirting with bankruptcy in the early 1990

him some carl icahn. >> carl icahn loves that obscure irs rule. that's why he bought an 82% stake in an oil refinery business in 2012. he saw that rule coming and that would make it all worth it. it has been only one problem with that investment. there is a renewable fuel standard. last year carl icahn fire aufd an 11-page letter complaining about that rule. he said the rule is broken and needs to be fixed immediately. the obama administration did not pull the rule. that was in august. four months later carl icahn got himself appointed as a special adviser to the president for regulatory reform. it is not an official white house position. he is not taking a salary. he is not bound by any disclosure agreements. he gets to keep all of his assets including his oil refining business. in his new role he has been working triple time to get that regulation overturned that's keeping him from making money. eliminating that rule should earn him nearly a quarter billion dollars a year. the stock price is up since that election with expectations of what carl

the carl icahn thing alone is a capital s scandal. just the carl icahn thing, that is as big a scandal as like, say, the one that made vice president spiro agnew resign in 1973. if you don't like that one, may i interest you in the scott pruitt scandal today. he is the former attorney general in oklahoma. he is now having his law license reviewed by the state of oklahoma because he overtly simply clearly lied to the united states senate to when questioned about whether or not he conducted business on his personal e-mail accounts. he did conduct personal business on his e-mail in oklahoma on personal business accounts. he lied to the senate about that. he told them he did not. who cares about e-mail? who cares about lying to the senate. scott isn't a hum drum who cares member of the trump administration. scott may be the most radical cabinet appointment trump has appointed to any agency. today scott pruitt took the almost unprecedented step of throwing out the window's the epa's scientific findings that one particular pesticide is unsa

icahn since the election on november 8? >> the news reports that carl icahn had -- i don't know -- i have no knowledge -- >> i just ask -- >> after i was -- after my nomination was announced, i had a bit of heads up it was going to be announced. after it was announced, i got a call to ask me to meet with carl icahn. and i met with him. >> so you met with carl icahn not before you were nominated but after you were nominated? >> correct. >> and can you tell us what you talked about? >> we talked about mr. icahn's view on the importance of activist investors and how they, through their methods, drive performance of public companies. >> let me guess. he thinks activist investors are good things and should be encouraged? >> i think he thinks that they do well for markets. >> yeah. did he talk about any of his investments? >> no. >> so he just talked generally about his view. and talked about his view about how the sec should -- >> no. no real specifics. >> he just wanted to give you his general view on activist investors knowing

what carl icahn has been advising the administration is that administration should kill a regulationl result in nearly a quarter billion dollar a year wind fall for a company in which carl icahn has 82% ownership stake. when the administration did across the board regulation freeze after the inauguration, the one new regulation they didn't freeze was one that would positively effect carl icahn's stake in that company for tax purposes. that is a capital s scandal. that is as big a scandal as like say the one that made vice president resign in 1973. if you don't like that one, may i the tropical storm you in the scott perut special, the former attorney general in oklahoma having his law license reviewed by the state of oklahoma because he overtly simply, clearly lied to the united states senate under oath during his confirmation when questioned about whether or not he conducted government business on his personal e-mail accounts. he did conduct personal business in oklahoma on pers simply clearly lied to the united states senate to when questioned about whether or not he conducted busi

later on, trump was icahn's landlord when he owned the general motors building.ver: icahn, he obviously has what iss and a lot, but particularly salient in terms of where potential conflicts could arise, or whether they are conflicts? he has walk through how to balance his own business interests with his advice he is giving? >> it's hard to find any big company where government regulation does not play some kind of role in government policy, and you can go through his portfolio and see all the different ways in which he could interact with government, a big position in aig where he forced out the ceo. that is a company designated as systemically important, so it is subject to enhanced regulations. donald trump has talked about doing away with dodd-frank, which could affect that. they all have something where they could be hurt by government policy, but icahn's focus is almost on one regulation inside the epa that he does not like. he is doing everything he can to get rid of this regulation. carol: talk about this regulation. >> he says this is costing them more t

icahn about the s.e.c.'s regulatory or enforcement plans especially given his massive financial interests in various s.e.c. decisions? >> if i'm confirmed and i'm in the seat of the chairman of the s.e.c., i think it's important to talk to participants in the markets of all types. >> including those that there are massive ongoing investigations? >> that is something that needs to be navigated very carefully. if there's a massive ongoing investigation, that's why we have counsel and protocol. receiving information about what participants in our capital markets think about them from all types of people is an important part of the job. but to your point, senator, i agree with you. if there's an ongoing investigation and there would be the appearance of impropriety or, you know, even the appearance of impropriety, it may be inappropriate to have that kind of -- >> i'd like you to upgrade that "maybe inappropriate" to you believe it is inappropriate. >> i'm not going to totally prejudge it, but i totally get your

to him. >> yeah, icahn was never a real fan.er quite got him in his corner. >> yeah, even though i know he worked hard to get icahn in his corner. >> he did. originally icahn had been pushing for a split of the company. >> right. >> if you recall. which was resisted. and there does seem to be at least support for the current plan that the company's adopted in terms of what it's pursuing right now, but we'll see. >> company was troubled, there was some earnings momentum and the earnings momentum went away and i think people were flabbergasted the company wasn't doing better. in the context of pruitt hitting and progressive and geico doing so well for buffett. if anyone was doing well for insurance, if we set up cramer, faber insurance, we would have done incredibly well. travelers had a great quarter. and go to travelers line and say why didn't aig have a better quarter? we need answers and never really got them on that conference call. >> interesting note from snap today out from fbm. >> how do you like that? >> a possible faceb

in his hearing this morning, she asked him about his relationship with carl icahn and whether or noty had conversations after jay clayton had been nominated to serve as sec chair. here's what she said. >> when carl icahn is influencing policy that will affect companies, and he's investing in the companies, buying and selling in those companies, that creates a conflict of interest just -- it's just beyond what we're even talking about everywhere else, and i just want to make the point that we're going to have to count on you. >> so, senator warren there calling on clayton to investigate potential conflicts of interests that carl icahn might have regarding investments and position as deregulatory czar within the trump administration. clayton's response to her was that he believes in talking to participants in the marketplace of all types as he gleans information for this potential role, but he did say that he spoke to carl icahn after he was nominated to serve as sec chair. >> thank you. the latest from washington, d.c. we know that carl has rail against regulations regarding the epa,

we all know that carl icahn can get very impatient. betty: absolutely.hard to deal head-to-head with carl icahn, as many ceos found out. peter hancock said less than a month ago they were getting along -- that he was getting along with his activist shareholders, that he was managing them, they were talking. do you know what happened here? >> it seemed like they had been getting along, both carl icahn and john paulson are on the aig board. hancock had announced he was going to sell assets like they asked to make the company leaner and also to return about $25 billion to shareholders. it was going well, but again, it's the credibility issue. one big thing was a lot of credit rating agencies started putting aig on ratings watch. a very important ratings agency for insurers put them on watch and that was something a lot of people had their eyes on. it also made hancock lose credibility. betty: it made shareholders nervous, and may be shortened the time for the turnaround the prove that itto would take some time. this will be the seventh ceo, i .hink, at aig

carl icahn going and being the advocate.y look at how do i make sure i don't lose money by having enough asset valuation. your risk-reward ratio goes up five times. if you twerlsify you are protected. how do i get the biggest reward with the least amount of risk. bar require's a hedging strategy. >> they don't have fear, they just have respect for the market and they are focusing on tax efficiencies. maria: you have got 31 companies in all different industries. so let me ask you have this. when they are putting money to work, how important is the overall backdrop for these folks. are they look at this company's backdrops will be good for the economy and a lot of the boats will be lifted. tony: the macro guys are look at the backdrop. the individuals guys look at an individual company go for it. you have got to get in the index. the fees are what kill most people. the people who do get in the market. they don't understand the difference between 1% or 2% or 3 per there are fees makes the difference between financial abundance.

. >> you have some reporting on icahn, carl icahn. >> we were wondering after we heard icahn was takingmyers stake how he was going to pursue more. he's hired richard mulligan. harvard general at this timicist. he left carl icahn and going to -- we've interviewed alex. we didn't have richard on with him. richard is harvard geneticist. this guy has quite a background. he's done a lot of deals with carl. alex isn't working with them now. it will be interesting to see what they do. carl wants to enhance his focus on the biotech sector. >> i wonder if it's a area that carl icahn now looks at as having many stocks that are undervalued or no brainers based on what's happened to the space. >> exactly. from 2015 highs i think they're all 25%. of course they've gone back some but maybe some good target there's. >> meg, thanks. >> thank you. >>> it's time for the blitz. first up, lowe's, soaring after beating on top and bottom lines and pete giving up -- >> when you look at that guidance number that was impressive. also look at the comparable store sales up 5 hrs. this was a home run. home sector

. >> carl icahn can't do it. >> carl icahn can do that. can't call carl icahn and get up and get in to carl icahn. >> he is one of the hundred in the hedge fund industry that can do it and there will be others that come along once the industry consolidates. >> the hedge fund industry was $200 billion like 10 or 15 years ago. it's $3 trillion. anyone who doesn't understand that that makes it harder to outperform, not easier, has no business allocating other people's money. it's math. >> that's the last word sdm. >> why is that the last word? >> because i said that. >> i just wanted to hear you say that. >> jane wells is live in las vegas at one of the biggest shows in the country. jane, we always have time for you. go ahead. >> scott, this is a $550,000 smart bulldozer. it's a genius. so smart it can train people like me to drive it. so smart they gave eight graduation hat. tassels in vegas, who knew. don't let the color fool you. this is a john deere machine. up next, deere goes after cat in construction in a big way. don't go away.is it g

carl icahn telling cnn last night the market has run ahead of itself, white david tepper saying he would say long. >> we're bedding on a stronger economy mere. okay? that's the bet. we're betting on strength one way or another here the strength around the world. the day you had the three houses won, that was the day that was not going to be another regulation. people say people are holding back because of uncertainty. that's bull -- i haven't been negative about the stock markets. i was a bit nervous about potential earlier this year about trade friction with china, but i think they have gone past that in this administration. >>> so tepper says market isn't cheap. you get the french elections out of the way and other stuff. not in the way until the market stars focusing, he's like wake me up when the ten-year hits 4%. then you have eye sawn, who says a little cautious. who's right? >> why don't we split the difference and say it's a good idea to be somewhat cautious, but to respect trend. we're in a secular bull market that started in the spring of 2013 when we took out the double top fr

hard rock international bought the vacant property from carl icahn and through a partnership with othernvestors they say they're going to put in $300 million roughly to renovate and rebrand this casino here. there's been a hard rock cafe on the boardwalk for are 20 years. the taj shut down, you might recall after icahn and union workers, they could not agree on a new contract and health insurance and pension benefits have been the latest in a series of closing in atlantic city. governor chris christie, he's called this great news. he hopes this is the beginning of more comebacks in the city. and atlantic city mayor don guardian says this is great news as well. >> i think it's a highly competitive property and a reason to come to the city. >> it's something, hopefully, it brings entertainment to everyone. especially in the summer. >> it's something to go and explore. >> reporter: as we take a look here live on the boardwalk, you can see the hard rock cafe here on the boardwalk. and you can see as we pan over just how close it is to the old taj mahal. connected really. hard rock cafe will

hard rock international bought this property from carl icahn as part of an investment. to renovate and a new brand of the hard rock casino on the board walk for about 20 years now. now, the taj shut down after icahn and union workers couldn't agree on an agreement to restore health benefits and pension. governor chris christie called this great news and hopes this is the beginning of more comebacks in the city. and city council president martin small told us here this will hopefully lead to more development on that side of the board walk that doesn't get that much attention. >> i'm just excite i'd don't have to look out my window and see the lights off anymore. >> reporter: for now, the lights remain off but perhaps not for long. the plan is to open the hard rock casino next year. the company says it's 100% convinced of that success in atlantic city. i'm matt delucia, nbc10 news. >>> that was the end of a record-breaking day on wall street. the dow closed above 21,000 points for the first time ever. stocks surged after president trump reaffirmed to cut taxing and we'll

so i thought what the hell if he can paint icahn paid. [laughter] so i told that to laura she said assure. [laughter] and i hired an instructor and gale came to the house and said would assure objective? i said there is a rembrandt trapped in this body. [laughter] the she came back realizing a was serious in the painted a cube that watermelon. it was a liberating experience. in a believable learned experience a wide have been painting ever since about five years. >> host:he first question, i did you ve a history of painting as a child did your mom tape the paintings of the refrigerator? >> i assure i fingerprinted. no. i was not that interested in art. now i am. it goes to show you can teach an old dog new tricks. been you get to be our age, 70, uses around with your friends only two topics of conversation what medicines are you taking and how are your grandkids? and my buddies thinking of the passion for painting i say you shall try it. they say i can i said the same thing five years ago i am living proof to tell you you don't know what

[applause] promising to serve and we honor a broadcast icahn of woman who threshold opportunity the goalse beyond content aimed at homemakers. in still struggling for the male counterparts. of politics than science and medicine in it covers everything that is happening in the world. i am talking about the diary and show. [applause] this incredible show first broadcast 1984 to continue through 2016 with the audience of 2.8 million listeners. take a look at this video. >> when i started the show and 1979 but indy end we had six producers into part-time producers i do believe it is the only program on npr that one hosted and produced. >> when i listen back i cannot believe how fast i am talking. and now i have slowed my voice considerably i am so glad. i think that's lowercase also allows me to think about what is coming under of my mouth. and there are people out there who would rather walk 10 miles than listen to my voice but there are others who have appreciated the pace and the style and the substance of the program that we have put on with a republican congress and the acceptance of the

. >>> the government watchdog group will ask congress today to investigate whether carl icahn shouldbeen subject to disclosure rules when he asked trump to overhaul a u.s. biofuel program. he made a proposal last month to change a standard require iing refiners -- icahn controls a stake in the refiner that may benefit from the change. by law he may have to disclose his conversations on the subject with the president as lobbying. the house intelligence committee will hold a hearing on russia on march 20th. james comey will brief lawmakers. other invited individuals include john brennan, national intelligence director, james clapper and two cybersecurity experts. the committee chairman says he sees no evidence of improper contacts between the trump campaign and russian officials. >>> dirk nowitzki joining an exclusive nba club last night. he scored his 30,000th point. mark cuban and his teammates mobbed him during a time-out. dirk is just the sixth person in nba history to reach the 30,000 point mark joining michael jordan, kobe bryant, karl malone, karim abdul-jabbar and wilt chamberl

. >> in the meantime, a news alert on carl icahn, leslie, what now? >> that's right. we have a letter from seven democratic senators to carl a icahn questioning his relationship with the president. they copied the letter to the justice department and office of government ethics. in it, they single out three of his holdings including his 82% ownership in cvr energy, an oil refiner, as well as herballife, and they said, quote, your ownership of each of the companies and others raises alarming questions about how you and the trump administration are handling your many conflicts of interest. they cited his public announcement of his involvement in choosing scott prewitt to be the administration of the epa potentially impacting his cvr holding, saving him millions of dollars annually. it included 15 questions in terms of areas like has he divest the stakes in such holdings, which have been consulted on. it's interesting to follow what happens as a result of this letter because as we all know, both houses are controlled by republicans. this is something not investigated for

carl icahn closed the casino four months ago citing $300 million in lost revenue.toyed with opening casino in atlantic city. >>> one and a half years ago a philadelphia boy's smile was about to light up the world. little could the guy who snapped that picture know how that one image would capture so many people's hearts. that photojournalist happens to work wis. 18 months later he found the little boy who's smile is still going viral. ♪ >> photojournalist dave eisen work night side racing to breaking news across our area. often children race up to him which is how this tweet happen happened. >> a boy just ran up to the life truck and said can you report my smile? yes, we can, cameron. ♪ >> it went bon kearse. a year and a half later, this buzz feed has compiled its list of the 32 most whole some things have that ever happened on twitter we're talking in the universe and number one on that list comes from fox 29 photojournalist dave eisen. >> did you ever meet him again. >> no i thought -- i didn't even know if he lived around here. >> no one knew. we put out the al

crl icahn turning it over, the trump ta taj mahal troubled hotel just got new owner helping out. we will explain who and what it may mean. we will be back. make the most of a few minutes with instant moisture from k-y ultragel. if you're looking frien. from k-y ultragel. "hi!!!" "hi everybody" "cookie!" all-new it's sesame street live make a new friend! playing liacouras center april 6-9 tickets on sale now! liacourascenter dot com >>> very disturbing news, seven police officers in baltimore are now on the wrong side of the law according to officials. federal prosecutors say these cops pull people over to steel from them. the officers are also accused every bill king the city out of $500,000 for fake overtime pay. all of those officers are in fbi custody, they've been suspended without pay. >> i want to show you a high speed chase in louisianna that ends with a truck bolting into the air, flying 50 feet. this is right outside of shreveport. police say the driver lost control, went airborne, was on the run after escaping work release program. the truck landed on top of a park car.

i talked to carl icahn about this recently, carl icahn the billionaire investor, and he said, look, i'm good american. i want to invest in american companies but sometimes i tell you that darn epa, they make it so darn difficult, and they really -- they don't provide the right incentives. so his whole platform has been -- and he's been an adviser to donald trump. look, get rid of this regulation. get rid of it so that we can all put money to work and that results in job creation and economic growth. simple. economics 101, david. >> that's right. and i'm not an economist but even i know that. and that's right. look, that's what the president ran on. it's one of the main staples of his campaign was we're going to drain the swamp. we're going to repeal and replace. we're going to create investment and jobs. and one of those ways is going to be to cut regulations. trish: and we hope that keeps happening, despite all of these distractions that are leaving the headlines right now between russia and wiretaps, et cetera. anyway, david, good toee you. thank you very much for joining us. >> thank

carl icahn concerned, david tepper says buy. we debate that. tepper talking about several big names today, including apple, snap, allergan and should you buy those stocks? and the reporter behind a nirp and explosive report that's forcing caterpillar shares lower today. "the halftime report" noon eastern. guys, carl, we'll see you in just a few. >> nice to have you in the house, scott. thanks. >>> let's get to rick santelli in the meantime, get "the santelli exchange." rick? >> thanks, carl. you know, let's continue our topic of value. value's one of those intangibles. you know, you go buy something at the store that costs 99 cents, but on the way out, if somebody wants one and offers you $3, it's worth $3. but the next person when he's done using it most likely will have a harder time finding another person to pay $3 or more. so, what is value? value is what the next person is willing to pay. the problem is, as you take that to the nth degree, now you're talking about bubbles and tulips, because up-to-the-minute ultimately, that dynamic can ge

. >> while i will not speculate on the statements in n made friend the chancellor will be making icahn assure the fundamentals are strong since 2010 employment has risen by 215,000 and private-sector employment grew by 80,000 over the last year her also school budgets in the wider sense show that we want an economy that works for everyone. we have already confirmed 330 million but it is important to recognize thel. investment made then the u.k. by companies like landover will build the range rover model here that is good news for the british economy that jaguar land rover has in the future. >> full of those anxieties honoe including officials attempts with tribunal decisions they include a man with a severe brain injury. the if she wants people to respect brexit then recognize they been tribunals. >> if the gentleman is referring to the courts and the personal independence payments as i explained last week as it has been explained by the secretary of state it is about restoring the system to the state it was intended to be when parliament was agreed by the coalition government u.ter ex

. >>> according to a regulatory filing out friday, billionaire investor icahn. he had owned about a 16% stake in the company. now up more than 1% in price action today, it finished at 26.the 46. the company hutchison china meditech, said small commercial sales helped drive its quarterly numbers. it said revenue up 21% while profit also rose. the shares jumped nearly 13% to 15.97. >>> a billion-dollar cross border deal falls apart. china's richest man who is also the head will no longer buy dick clark productions. the company behind the golden globes and the american music awards. i would have marked the first move into hollywood. but that deal is now dead. >>> they aren't commenting on the decision but dick clark representatives say they couldn't neat contractual obligation singled traditionally they haven't had trouble raising financing in this country, people believe it means they couldn't make a payment because it doesn't have the same level of government support as did it before to get its money out of country. beijing has had an overarching national policy

price of his company is already up 50% since that election, presumably with expectations of what carl icahn is going to be able to do for that company. this is the kind of thing we point and laugh at in other countries when we explain why it's frowned upon for americans to do business there, because they're so flagrantly corrupt. but we're not immune to this kind of thing. not now. today seven democrats sent a letter to carl icahn citing his concerns about his role within the administration, suggesting he may be breaking federal conflict of interest laws. we'll see where this goes. maybe he will decide that they're right, he shouldn't be in this position of making all this money from pushing a rule change that lines his pockets. that might happen. it might. we don't know. watch the space. that does it for us tonight. we will see you again tomorrow. now it's time for the last word with lawrence o'donnell. good evening, lawrence. >> rach, ile you hav been work. >> uh-huh? >>onaltrump has too. he has been tweeting. >> oh. >> i'm just saying because i know you're going run off the set and immed

we will talk about carl icahn emerging in the trump administration.could shape regulations and policies that could impact of the portfolio. is proposingmp historic budget cuts. we will have reaction from the former cia director leon panetta. let's get a check on the markets with julie hyman. more of a downturn now than earlier. scarlet called a dovish raise for interest rates. we are seeing a little more movement. a pause than like anything else. take a look. health care is one of the underperformers and concerns we have seenget treasury rates go higher. financials in today's section -- session. a day after the fed raises rates. yesterday, where we saw yields lower, a reversal after weeks of climbing that we had been seeing for those yields. now going up once again today. yesterday down in the wake of the fed decision up once again as we see selling resume in the treasury market. i want to talk about a big corporate story today, canada going that company public. up 28% of its first day of trading after the company raised to the equivalent of $256 mill

and new jersey based partner struck a deal last week to buy the taj from billionaire investor carl icahn. plan to spend more than $300 million to buy the casino. renovate the property and rebrand it as a hard rock hotel inning a inc. and casino. >> design process will take a minimum of two to three months. won't see actual construction for three, four months or so. >> casino hotel is expected to employee about #,000 people. hard rock plans to open about a year from now. >>> new this morning, could see higher prices for some of your veggies this spring pause of flooding rains in california. the big concern is for leafy vegetables like lettuce as well as broccoli and cal flaur. have not been able to plant seeds in time because of the rain. others have fields that have washed away because of the floods and means it's costing more to get supplies. >> it's bad for everybody. high prices. everybody pays more. we had to sell for higher prices. our customers have to pay more. have to raise their price for normal retailers and then for the consumers at the end pay for more the product. >> the com

. >> we told you of course back on the market that billionaire businessman carl icahn decided to sellhe iconic trump taj mahal in atlantic city. we got buyer, my friends. hard rock international going to be buying it. hard rock cafe remains opened since the casino closed four months ♪ >> another act of anti semitism has philadelphia police once again investigating. we blurred the image because it's offensive and we don't show images of hate much it's a swastika spray painted on the front step of a house in northeast. detectives say the homeowner wept off to the store and when she came back, well there it was. she did not want to go on came camera. but neighbors have plenty to s say. >> i've been here all my life up a. we've never seen -- we don't act like this around here. shouldn't be acting like this anywhere. >> people need to realize what's more important and love each other, love your neighbors and live in peace and that's what we should focus on and work together. >> police are checking nearby security cameras hoping that they may have caught something. ♪ >>> tonight in hang pog

. >> we told you of course back on the market that billionaire businessman carl icahn decided to sellhe iconic trump taj mahal in atlantic city. we got buyer, my friends. hard rock international going to be buying it. hard rock cafe remains opened since the casino closed four months ago. president trump opened the atlantic city landmark back in 1999. ♪ trading-in or selling your car, truck or suv? webuyanycar.com takes the hassle out of selling in just 3 easy steps. one, get your free online valuation. two, drive to your local car buying center. and three, walk out with your check in as little as 30 minutes ! so don't wait...get your free online valuation now at webuyanycar.com. ♪find out how much your car is worth at webuyanycar.com♪ fios is not cable. we're wired differently. maybe that's why we've been ranked highest in customer satisfaction by jd power 4 years in a row. and now you can love fios too. get our best offer of the year. 150 meg internet with equal upload and download speeds, tv and phone. all for $79.99 per month, for the first year with a two-year agreement. plus get

struck a deal last week to buy the taj from billionaire investor carl icahn.than $300 million to buy the casino, renovate the property and rebrand it as hard rock hotel and casino. >> design process will take a minimum of two to three months. so i don't think we'll see any actual construction for, you know, three, four months or so. >> the casino hotel is expected to employee about 3,000 people. hard rock plans to open about a year from now. >>> schools are now just for kids anymore in some areas in philadelphia. >> the city is now six months into its community school program where adults and students learn and benefit at least that's the goal. all new next on nbc 10 news at five. head to one neighborhood to see if the idea is actually working. and we'll tell you about this burlington county boy who has been called a hero. what he did hen his mom had a medical emergency. s rnchs doctor said if it had not been for him, his mom may not have survived. >>> fights on the ice are familiar sight during hockey games. this fight spilled into the stands: take a look. th

he put that thing in the trash icahn. a look at all that with chuck and sheena in a minute.ut we have breaking news with melissa mollet in your first 4 traffic. >> major delay here. we're talking about southbound 95 this morning and you can see the live camera here right now. so this is at 619 triangle. we now finally have a left lane getting by. this is a car versus a tractor trailer. about a one and a half mile backup. hoping this is going to dissolve over the next couple of minutes. earlier problem just above that also southbound but 95 there at quantico. all lanes are now open so that is helping things a bit. 118 west of darnestown road. all lanes are blocked there this morning and riggs road northeast west of south dakota avenue has that water

carl icahn bought over 17%. icahn has been in navistar for a number of years.g higher. the stock could have another 20% upside. the biggest winner is wynn resorts, semantic and nvidia. >> reporter: despite the fact that the new bilson lie 50 some pages there are still wide ranging changes that would have to be implemented across the health care industry and the president alluded to some of that complexity morning. in a meeting with nine regular every day folks who are dissatisfied with their participation on the exchanges of the affordable care act ranging from small business owners to mothers of large families, to farm executives, technicians, they all gave their personal stories as the president attempted to appeal to the emotions of critics of the new health care bill that's coming from both sides of the aisle. he said the centerpiece of this bill would be choice. >> now they will be able to pick the plan they want. pick the doctor they want. they will able to do a lot of things that the other plan was supposed to give and never gave. you don't pick your doc

carl icahn announced he sold the property to hard rock international. >> i think it will be another highly competitive property and a reason to come to atlantic city. >> reporter: atlantic city mayor don guardian told us the taj will undergo renovations and bring 3,000 now jobs with special skill programs. back in october the taj closed after 25 years in business. leaving some 3,000 workers without jobs. >> we will get through it. you will survive. >> reporter: icon and union workers couldn't agree on a new contract to restore health insurance and pension benefits. it was the city's fifth casino to close since 2014. >> i'm excited. just about the jobs. i mean, we've been beat up so much. you know, lost over 12,000 jobs. >> reporter: atlantic city council president marty small sr. told us this will hopefully lead to more development on that side of the boardwalk which doesn't get much attention. >> i think it's a win/win for atlantic city. i'm just excited i don't have to look out my window and see the lights off anymore. >> reporter: down the boardwalk we met a group of women who are excit