icahn's activities relating to renewable fuel standard and mr. icahn's role advising the president.old this we are quote, cooperating. so that other information note on page 59 of the quarterly filing went under the radar until today when bloomberg broke the news of federal investigators issuing subpoenas for kacarl icahn and his compan. wants you to know, made no so there's that the. but subpoenaed the heck out of carl icahn, trump's adviser on regulatory affairs and demanding information about what he was doing in the markets while advising the president on matters that could affect the price of his behaviors in the market. carl icahn story is the most banana republic story we have in the trump administration and now involving subpoenas and federal prosecutor's office. can't say we didn't see it coming. watch this space. shut down cold symptoms fast with maximum strength alka seltzer plus liquid gels. only have a sore throat? get long-lasting relief for up to 6 hours with new alka seltzer plus sore throat relief. but can also loweresterol, your body's natural coq10. qunol helps re

icahn, so there's that. but subpoenaed the heck out of carl icahn, trump's adviser on regulatory affairs and what they're demanding information about what he was doing in the markets while advising the president on matters that could affect the price of his behavior in the markets. the carl icahn story is the most banana republic corruption story we have in the trump administration, and now involving subpoenas and federal prosecutor's office. can't say we didn't see it coming. watch this space. because each day she chooses to take the stairs. at work, at home... even on the escalator. that can be hard on her lower body, so now she does it with dr. scholl's orthotics. clinically proven to relieve and prevent foot, knee or lower back pain, by reducing the shock and stress that travel up her body with every step she takes. so keep on climbing, sarah. you're killing it. dr. scholl's. born to move. accused of obstructing justice to theat the fbinuclear war, and of violating the constitution by taking money from f

carl icahn joining us there on the phone. let's wrap this up quickly on the desk as we said, the gang is here today. what do you think? it's not -- he corrected himself, didn't want to go as far as to say it's irrational exuberance, but is it euphoria what is it >> well, i think on days like today, you're hitting euphoria over the passage of the tax bill and that's still not a slam dunk, although mccain coming out makes it seem more passable. you've got more global growth numbers that came out from europe u.s. numbers are good. so there are underpinnings in the market what is disappointing that some of the stocks that sold off hard yesterday like micron haven't recovered as much. >> i'm glad you went there, pete, because it's been a bit of a whimper in terms of a rebound. yes, the nasdaq is positive, yes, tech is positive, but this is not much of a bounce. >> but when you think about where they have come from, micron, steve and i were talking off air, micron up 100% on the year so a pullback, this is a significant pullback it

i'm sue herera with news it concerns carl icahn former presidential adviser to president trump carl icahneen subpoenaed by the u.s. attorneys office for the southern district of new york. here basically is the background basically, icahn was a special adviser to the president although he insists it was an informal relationship, and this is all coming out because of a filing that his company made that was published on november 3rd. basically, as a special adviser to the president he came under scrutiny after several news organizations including "the new yorker" and cnbc focused in on mr. icahn pushing to change part of a rule that had a negative impact on one of his energy investments namely cr-v energy which he had a majority interest in basically icahn and icahn enterprises say they're cooperating with the request for information related to his activities as it concerned the u.s. renewable fuel standard otherwise known as rfs, and mr. icahn's role as an adviser to the president. basically, the company had taken a large short position in the biofuels credit market, as well, and so the att

icahn owns tropicana in ac. >>> a sign of great need. thousands of people have been signing up to get medical marijuana in pennsylvania. 3800 patients and 200 care givers have signed up for the state's registry. the response shows a vital need for medical marijuana. >> new accusations, a mother now says kevin spacey assaulted her son. why she says the actor should be in jail and how hollywood is taking action against him. >>> how about this? voters of a 92-year-old mayor, why he says he's no stranger to the challenge. the next installment of our series, plenty of people bike to work. our drivers are sharing the streets. what the city is doing to keep cyclists safe. >>> good morning, it is about 20 minutes before 5:00 a.m. >> lets check our roads right now. mayor in pennsylvania are looking really good. eastbound between the blue route and the expressway, that's a quick drive. 95 southbound is moving smoothly all right, taking a look in new jersey now. this is 30 at 295. traffic is picking up a little bit but no major delays or around 295

. >> icahn had used him in videos.hn's co o' o'encouraged them to fly above a certain amount of feet. >>> coming up on "cbs this morning," the test for fidget spinner and kwhie one is refusing to take the potentially dangerous product after the shelf. plus. >> reporter: an international team is off the sea of cortez to capture the most dangerous sea ma'am. the world. we'll tell you why and how coming up on cbs this morning. >> and behind the screens on "thursday night football" norah o'donnell talks with tony romo about teaming up with jim nantz in the broadcast booth. the's the "cbs morning news" for this thursday. i'm anne-marie green. have a great day. i'm kenny choi. >>> a live look outside at the bay bridge. a wet start to this thursday morning. did you have coffee or two? >> i did. >> it is thursday, november 9th. i'm kenny choi. >> i enjoyed that one. >> i was too busy fixing my hair ! >> i need it. >> i sing in the car on the way to work. >> weekend is almost here. >> except for those of us who work on weekends

. >> icahn had used him in videos.'s co o'encouraged them to fly above a certain amount of feet. >>> coming up on "cbs this morning," the test for fidget spinner and kwhie one is refusing to take the potentially dangerous product after the shelf. plus. >> reporter: an international team is off the sea of cortez to capture the most dangerous sea ma'am. the world. we'll tell you why and how coming up on cbs this morning. >> and behind the screens on "thursday night football" norah o'donnell talks with tony romo about teaming up with jim nantz in the broadcast booth. the's the "cbs morning news" for this thursday. i'm anne-marie green. have a great day. when i was 14 years old. so i really navigate the world by touch. when dove asked me to try out this body wash... i was excited that it was foam. it was so light and soft... not sticky. it's light. it's different. it's foam. >>> new this morning a man is dead after being shot in the face and now the search is on for person responsible. >>> and a pennsylvania state police c

now icahn resigned from his unpaid advisor role just before the new yorker magazine published a story about a possible conflict of interest. icahn says he did not believe there was a conflict and that he never profited from being an advisor. >>> mountain lions are being spotted at one of the most exclusive neighborhoods in san francisco, pacific heights. in less than a week sales force ceo marc benioff posted a second video of a mountain lion outside his home in pacific heights. >> wow. >> the surveillance video showing the mountain lion walking by at 5:00 wednesday morning. benioff called san francisco police, park police and the national park service. he posted a similar video last week. another mountain lion walking by his home. >> yike. >> unclear whether the video shows the same lion or separate ones. that first one looks a little bit smaller, so wow. >> pam, do something. >> in the city. >> oh, boy. all right. >> scary. and 5:00 in the morning, plenty of people are out walking the dog before work and -- >> still a little dark too. >> yes, yes. >>> time is 6:26. a big discussion

icahn owns the tropicana casino in a.c. he sold the shuttered trump taj mahal earlier this year. >>> texas officials have released the names and ages of all of the people shot is and killed during worship services on sunday. today vice president mike pence is visiting the community to offer condolences and support. plane touched down in texas two hours ago. today we are also learning more about the suspect. four women tell the san antonio express news that devin kelley either sexually assaulted or harassed them. >>> a police officer came face to face with a teen accused of shooting him. the man had his first hearing since being charged with attempted murder. the judge denied bail after considering his past arrests. officer patrick o'hanlon showed up despite being in a wheelchair as he recovers. >>> a shooting in bucks county. two shooters start to unload bullets into a car with the driver and passenger inside. this happens outside apartments in bristol. the car sped in reverse and dit a dumpster. the driver was shot but wil

icahn has argued in the past he is acting in the interests of energy security. he stepped down from his advisory role in august. >>> two data breaches in recent memory were the subct of a contentious hearing on capitol hill. the current and former ceos of equifax testified as did the former ceo of yahoo!. they started off apologizing. but that wasn't enough for some lawmakers. aditi ro >> reporter: former yahoo! ceo melissa meyer took the hot seat today, under subpoena, answering questions from the senate commerce committee about the company's data breaches. >> yahoo! is the victim of criminal state sponsored attacks on its systems resulting in the theft of certain user information. >> reporter: she started with an apology for the 2013 breach that involved 3 billion or virtually all of the company' users. >> as ceo, these thefts occurred during my tenure. and i want to sincerely apologize to each and every one of our users. >> reporter: meyer, who testified before the committee alongside equifax's current and former ceos, said yahoo! learned about the 2013 breac

icahn. >>> hillary clinton and her aides under fire for allegedly rigging the democratic nomination.e did, says gregg jarrett, that might actually be a crime. he has got the latest. that's next. retail. under pressure like never before. and it's connected technology that's moving companies forward fast. e-commerce. real time inventory. virtual changing rooms. that's why retailers rely on comcast business to deliver consistent network speed across multiple locations. every corporate office, warehouse and store near or far covered. leaving every competitor, threat and challenge outmaneuvered. comcast business outmaneuver. trish: former dnc chair donna brazile giving insight how hillary clinton could have snatched the nomination from bernie sanders. but this takeover have criminal implications as well? here with his take, fox news contributor and former defense attorney, gregg jarrett. you say it could. >> three laws could have been broken here. there are very strict federal campaign limits. documents need to be subpoenaed to see if she exceeded those limits. the second law is false and

carl's a killer. >> well, he's so shrewd that wilbur ross has said on election night carl icahn lefty party for trump when the market was going down and said this is a buying opportunity and made a ton of money. >> he did. >> that's right. this particular episode has to do with his role as an adviser and whether or not he was influencing trump's biofuel policy to the benefit of a company that he was invested in. this is the issue of conflict that democrats raise and, you know, government ethics watch dogs raise when carl icahn had this free-floating role as an economic adviser or regulatory adviser to president trump. he stepped down from that job, but people are going to look and see what he did while he was advising the president and whether he was trying to benefit himself. >> all right, john, great interview. i can't wait to watch it later today. 11:30 is it? >> you bet. >> 11:30 on cnbc and much more on president trump's trip to china and his sudden change of tone around that country. former secretary of state will explain the tone shift and what it means for our relationship. o

where smarter investors will always be. >>> i'm scott walker coming up today top of the hour, carl icahns as the dow powers through 24,000. we'll see where he thinks stocks go now and why his first activist position of the entire year has quickly turned into a boardroom brawl. >>> plus, is one of the rare stars of retail about to fall? we'll debate it in our call of the day. and a "shark tank" stunner kevin o'leary joins us today with the founder of a new company reimagining security with a touch of a finger you won't believe what happens next find out today on "halftime report" starting noon eastern. >> look forward to that, thanks. >>> let's get the santelli exchange in the meantime over at the cme. good morning, rick >> good morning, carl. you know, so many markets are at really, really important levels. fixed income markets very close to where they settled the end of last year, many of the fx markets on areas that have been important for one to four years, both comes down towards current level or coming up from lower levels to current level, but one in particular this week that's rea

he was president trump's favorite billionaire, carl icahn's pirate capitalism nearly tour in ohio townthat's the claim being made by brian alexander, the author of glasshouse. we will hear his side of the story next. this is bloomberg. ♪ david: this is bloomberg markets: balance of power. i'm david westin. shery: i'm shery ahn. our stock of the hour is walmart. shares rising after an analyst upgrade at rbc. emma chandra is here. this is helping the stock of .8%. >> it's interesting because there is now only one cell on walmart. all the other analysts recommendations are either hold or by. it tonalyst raised underperform and many of the changes we have seen over the past few months and years including investments in acquisitions and in e-commerce and putting in a very good position longer-term. he said investors are increasingly viewing it as a consumer staple company and as a true competitor to amazon. if you take a look at my shows howhis kind of the retailing sector has been doing against the s&p. the top is amazon and walmart is not too far behind considering the rest of the retail

you know, i just don't agree with carl icahn.ure, there's a little exuberance in the marketplace, i like kelly's point if you don't just look at the dow, you get a little different flavor of what's going on. i think it's the deconstruction of the nanny state it's the anti-establishment threat, whether it's brexit or trump. i think carl's right, maybe not a lot has gotten done yet. i think that in the end, the global economy is going to be much better off for all these issues i think it continues >> hank, where would you go right now for investors? i mean, if you want to get tactical about it, what is your best advice here >> well, look, i would stay in a balanced approach in terms of having some money in the defensive sectors, like staples and health care, but also in the more cyclical sectors. such as industrials, financials, basic material i wouldn't really skew in one direction or another we're very, very underweighted in utilities and reits and don't think the value is there so, look, i think at this point you stay diversifie

ambassador to russia, and carl icahn, trumps billionaire former advisor. we will have more on the paradise papers later in the broadcast. in afghanistan, residents of the northern kunduz province say u.s. airstrikes killed scores of civilians friday after bombs fell on three villages west of the district capital. residents say afghan security forces wouldn't allow them to access the attack sites to pick up the bodies of their relatives, making an accurate account of the death toll impossible. one provincial council member said about 55 civilians were killed, while an afghan aid worker put the toll at least 40. the attack came two days after 15 people were killed and dozens wounded after an attack on a fuel tanker northwest of kabul set a passenger bus on fire. there was no claim of responsibility for that attack. elsewhere, the u.s. military said one soldier was killed after a battle in the eastern logar province. the increased violence comes as the trump administration ramps up the war in afghanistan, already the longest war in u.s. history. in saudi arab

representatives of the white house and carl icahn did not respond to messages seeking comment.kesman for the department of justice declined to comment. that is your bloomberg business flash. signals a slump in demand for energy generating equipment. fourth-quarter profit missed estimates. us fromy the ceo joins siemens. great to see this morning. a disappointing set of numbers, it's been a tough time coming your reorganizing the business. talk about having to tackle structural issues in some individual businesses in the market presumably will focus on the power and gas side. when can we expect an announcement from you on how big a job of reorganization it will be? josef: good morning. back at a fabulous fiscal 2017. we did increase the guidance twice and we did make good on the guidance for the whole year. it's actually now for the fourth year in a row. job,ve done a decent according to our own estimates as well as overseas business. that's the good news. there's always something that can and should be improved. for years we have been seeing a steady decline in the large turbin

. >>> carl icahn, a former adviser to president trump and billionaire investor has been subpoenaed. this is on renewable fuel policy. his company is cooperating and providing documents. he stepped down in august. >>> in a separate matter, the judge in the case against paul manafort and rick gates issued a gag order yesterday. the campaign officials are facing charges in the special counsel russia investigation. last week the judge rebuked manafort's attorney for her statements to the press. she said lawyers should, in her words, do the talking in the courtroom and not on the courthouse steps. >>> more than 24 hours after polls close, four delegate races still too close to call. they could go to recount. if the gop keeps the seats, it would have a the chamber. updating the vote count in the nbc washington app. search election results. >>> right now the search is on for the man accused of attacking a woman as she walked to work in prince william county. this happened yesterday morning. this is a sketch from police. the victim says a man jumped out from behind a bush along walnut stree

question because it's in the news another guy who is sometimes put in your category of sorts, carl icahn. i don't know if you saw the news, southern district, subpoenaed a former -- well, they're calling him the white house advisor, carl icahn, for information about his push to change the federal biofuels program. do you think that makes sense? >> i don't know. i don't know enough about it. >> is that crazy to you? >> i don't know. i really don't know enough about it one way or the other. that's where donald trump and i are different. >>> all right, that is mark cuban in new york city with andrew ross sorkin at the deal book conference. the headline really from that conversation is mark cuban saying that he is still considering a presidential run in 2020, though he has not made up his mind. one of the highlights in a far-reaching conversation, but as i welcome you to "the halftime report" today, i call your attention to the major averages dow jones industrial average down by 204 points all three of the major averages under pressure this hour on a report out of the "washington post" about

remember carl icahn, remember the pressure on this company to be more capital markets friendly to investors i think a lot of this is there to assume that suddenly -- look, the day that we get a 12% repatriation to hard cash is the day the stock will rally largely we've done that. >> to explain, we've watched apple borrow money when it has no need to borrow money because it has so much money the reason it borrows money is because the money is trapped overseas, they want to pay a dividend, they don't want to repatriate the money to pay the dividend >> these guys are such a big company at a time when rates are so low, it made sense for them to do bond deals >> another reason is how they handle the financial side of this whole thing >> they're like an independent little family office, imagine -- >> there's a -- let's go the to the bear case. there's too much euphoria. everybody likes it >> it makes me nervous [ simultaneous speaking >> i can't stand all the positivity, i have to give the bear case. the bear case is that services are not going to grow, that there's a misstep and all of a sudden,

. >> the reinvestment authority has given preliminary approval to give carl icahn a $5.6 million payment to help pay for raising the former trump plaza. icon wants to use money from investment tax credit he had paid to the state agency. steve sweeney wants to see rga to reduce the payment saying he has antagonize thinks i can record of treating employees. >> "black friday," small business saturday, small business monday give way to giving tuesday. today many are opening their wallets and giving to charitable causes. philadelphia school district focuses on giving time during giving week. highlighting its mentoring program at frank frankford high school. it offers high school student chance to have expert help them prepare for college. each month students in grades ten through 12 meet with advisors who help them with college accessibility, including applying forayed. very important there. while the program has been in place at frankford high school since 2009. >> i love mentorship. >> yes. >> good stuff. good stuff. >> hello. >> katie, should be nice week? >> yes, do you mean i'm good stuf

. >> for press of atlantic city, carl icahn owner of the trump plaza casino is seeking five and a halfillion-dollar from the tax fund that casinos contribute to annually to cover a portion of the property's demolition costs. demolition will cost about 13.5 million-dollar, and will take about 15 months to complete, following the raising, a 160 space parking lot will be built on the site. >>> from the spirit of the delaware county people are still talking about the recent election that ended a four decade republican run in the county. jerry sanders ousted marry cooper and will be first african-american to become sheriff, first time since 1934 that a democrat has won that office. >>> in the reading eagle, red ago rest, festival organizers intend to hoe another festival in 2018. the raza tracked professional cyclist from 26 states, nine countries as well as thousands of spectators. >>> that is a look at newspaper headlines from around the delaware valley. >>> up next pat has your morning sports. >> good morning, pat. >> morning, guys. we will tell but a promise made by a philadelphia eagle

ambassasador to russia, and carl icahn, , trump's billionaire former adviser.hey also reveal how millions of pounds of the british queen's private estate were hidden in an offshore fund based in the cayman islands and have a senior advisor to the canadian prime minister justin trudeau helped funnel millions of dollars to offshore tax havens. the documents alalso take aim at the world's biggest companies showing how n nike and apple avd taxes now facebook and twitter received hundreds of lines of dollars linked to the russian state. the files obtained by reporters at the german newspaper mentioned with international consortium of investigative journalists, then analyze from more than three to 80 journalists from over 90 media organizations are crossed seven countries. for more we're joined by frederik obermaier, co-authohorf the "paradise papers." he is an i investigative reportr at germany's leading newspaper. he also worked on the "panama papers" investigation, and is co-author of the book "panama papers: the story of a worldwide revelation." if you could star

the justice department has issued subpoenas for information on carl icahn's role as advisor to presidentors are looking into efforts by the billionaire to influence policy. ofl icahn is majority owner an oil refiner and has been could aside for pushing a policy change to benefit the company. he reportedly tried to shift the burden away from pure refiners. others in a fitted more in the sector. that is your business flash update. scarlet: at&t is ready for court. at&t is preparing to take on the u.s. justice department if that agency sues to block its purchase of time warner. joining us is gerry smith, bloomberg media reporter. at&t's merger agreement with time warner specifies something about how far it will go to make sure the deal gets done. >> it is right. the deal has really taken a question mark right now. at&t anti-warmer -- at&t and time warner have said this will close by the end of the year. this morning, it was said it is uncertain. we are hearing that there may be some asset sales, some of us teachers -- some time best -- di vestitures. scarlet: they are ready to appeal to the

microbiologist peter palese is leading the research at mount sinai's icahn school of medicine in new york. >> many vaccines are long- lasting, such as measles, mumps, rubella. they're given once, and then they're... we are protected for life. and we hope that we have something similar now for influenza viruses. >> reporter: as palese explains, the outside of the flu virus is covered in proteins that look kind of like a lollipop. the top is called the head, and the bottom the stalk. the head is the part of the virus that the body's immune system tries to fight off and builds an immune response to. it's also the part that changes constantly. >> the problem is that, two years later from today, when i get infected again, the virus has changed so that my immune response is not effective anymore. >> reporter: palese has figured out a way to make a virus with a head that the human immune system just ignores, so instead it fights off the stalk, the part that doesn't change much. >> so, we want to redirect the immune system to make a protective immune response against the portions of the viru

." >> reporter: the icahn a 5 is considered a jetski with wings. the guidance is to fly 300 feet above the water. >> witnesses said the plane was maneuvering at low altitude. >> reporter: tonight the ntsb is hoping the flight data recorders provide clues into how a baseball legend died. miguel almaguer, nbc news, los angeles. >>> vice president mike pence is in texas tonight offering condolences and meeting with first responders in the aftermath of the church massacre there. meanwhile, new video shows the tense moments when police surrounded the gunman's car after he fled the church. and church members now say that just days before, he attended their fall festival with his kids. all 26 victims killed in his rampage have now been identified. >>> now to capitol hill where current and former ceos from yahoo and equifax were grilled by congress on how hackers stole personal data on hundreds of millions of americans from their companies. but there are still far more questions than answers. we get more from nbc's jo ling kent. >> reporter: former ceo mar

cheryl: billion -- bil billionae carl icahn subpoenaed. >> well cofounder of fusion gps, met with a russian lawyer, same day she met with donald trump jr. last year, glen simpson has struck a deal to appear before house intelligence committee for a voluntary close door interview that will happen next week. joining me now -- bee we know ty helped up if that research that lead to famous trumps do area. what is the connection between fusion gps and this russian operative. >> fusion gps is getting money from russian connected sources to help her overturn the sanctions against russian government. that means is that hillary clinton and democratic party may have been paying -- we knew they were paying -- fusion gps over a million dollars be we have no much money from the russian government simultaneousl money. if anyone in trump world was accepting money for an american interest and a russian interest this would cover top page of every newspaper. right now i think that is beginning of something important, we'll be desperate to hear when glen has to say. >> again, media hunt for you know trying to

carl icahn is the number one holder and cut to sell at ubs.nd ever and marathon petroleum some of thehit -- things higher. andere mentioning zimbabwe that is one of the things pushing bit going higher -- bitcoin higher is a but -- as there is a potential coup. , popular inng africa, zimbabwe in particular in the shortage of hard currency with the dollar the main currency in zimbabwe. together,y are they square has taken bitcoin and will let users share it going on their mobile -- bitcoin on their mobile accounts. ge tumbling after the revised business plan and the share price is in white and tumbling against today. at the same time, the total call open interest and he put to open interest has been soaring as people are buying bearish declines tothe ge continue as their shares are down more than 40% this year, which makes them by far the worst performing in the dow jones industrial average. we have not seen a performance like this since goldman lost about 45% in 2011. mark: let's get to deutsche bank, shares of the act rising comedy private tha

of big movers, sandridge energy jumped and is moving big-time after hours on report that carl icahn hasen a 13% stake. tivo wins a big patent infringement case against comcast. at&t moving higher. we saw time warner moving higher despite the negative news for both companies on the justice on strong coming about antitrust and perhaps blocking the merger. perhaps aimistic the positive judge will be hearing the case. that is the latest there. i also want to get to the latest on oil. wti also climbing on that inventory data. >> we are well into the high 50's now. we were hovering around that mark. the inventory data was more bullish than expected with some optimism going into the opec meetings. at westhere is a look texas intermediate, the new york-traded oil, entering contango. that is being viewed as bullish, at least locking us out of the range we had been in for some time. >> thank you. su keenan live from new york there. let's get to first word news with courtney collins. uber is facing at least three investigations abroad and calls to testify before congress. in reaction to the covere

federal investigators have subpoenaed billionaire investor carl icahn over his efforts to change biofuely while he was an advisor to president trump. cahn was given the job of having to shape regulatory agendas. he was criticized for changing a plan that would benefit one of his investments. brexit talks have resumed in brussels. there is no sign a breakthrough is a minute. the european union sounded more cautious. the u.k. wants to get a deal quickly so it can move on to negotiations on trade. meanwhile, the eu has reached a deal to overhaul the world's largest cap and traded emissions market. -- cap and trade emissions market. they adjusted the market's more ambitious climate goals. global news 24 hours a day, powered by more than 2700 journalists and analysts in more than 120 countries. i have emma chandra. this is bloomberg. vonnie: thank you. iac down 3% at the moment. sales were up 8.4% amid robust growth in the largest businesses. profits are mixed at a big question, how long can an internet company produced growth stories with the major players in silicon valley are enough the ad

sandridge getting a bid as billionaire investor carl icahn is said to have taken a stake in the sharesall right, abigail, thanks every much. about 90 minutes to the close of trading on the continent in great britain. let's look at where markets are trading right now. the equity indexes are concerned, first off, we have seen all day, continental indexes gaining in the ftse down. very little changed on the ftse. 74. 11. when you have lived volume -- when you have light volume there , we have light falling here in british stocks. the stoxx 600, the broader index of stocks went on change, but we do have the sinking, dax at .5%. take a look at currencies. today has been about the currencies because anytime there is superytime there confusion in berlin, and you will have to have a minority toernor, the euro goes down 1.17. when you look like there is a path, a grand coalition, or a majority government come easy the bottom of your screen, euro-dollar 1.11 -- 1.19. the euro is on fire against the pound, and there you see the pound itself right now 1.33. the pound is doing quite well as may and

carl icahn received preliminary approval for $6 million in state funds.ew jersey redevelopment agency approved the payment. the casino closed in 2014. >>> nearly $11 million over the next five years, delaware state university in kent county has received its largest grant in history for neuroscience research. it's designed to better understand the function of the brain. the money will come from the national institutes of health. >>> one of the things that makes you do a double-take. >> this embarrassing road sign mistake popped up. it's hilarious. >>> who is actual responsible for it. >>> adding a furry member to your household this thanksgiving? the shelter that's waiving adoption fees for the holiday. next. >>> route 130 north is back open after this crash in burlington city. skyforce10 over thene by neck road. the backnd trailer flipped over. one person was hurt. >>> where is auto correct when you need it? a road sign typo has become a traffic stopper in mercer county. as you probably guessed, this sign is supposed to say stop. the letters t and o were

. >>> icahn fired a day after an incredible report detailing years of sexual harassment. fred would do anything for his daughter. get in, fred! even if it means being the back half of a unicorn. fear not fred, the front half washed his shirt with gain. and that smell puts the giddy in "giddy-up"! ah... the irresistible scent of gain flings laundry detergent. you can't help but smell happy. >>> "thing 1," a texas sheriff has publicly threatened to charge a woman for an anti-trump decal. last week ft. bend county sheriff troy nells posted this image of a truck, the decal "f trump, f you for voting for him." sheriff nells wrote, i have received numerous calls regarding the offensive display on this truck, if you know who owns this the truck or it is yours i would like to discuss it with you. our prosecutor has informed us she would accept disorderly conduct charges regarding the decal but i feel we can come to an agreement regarding a modification to it." a note of cop text, sheriff nells who suggested he could maybe bring charges against someone for an anti-trump sticker sa

the attorney's office has opened an investigation into activities by icahn at his activities.e was serving as an advisor to the president. critics said it was a conflict of interest. he stepped down in august. he and his company are cooperating with the investigation. federal judge has imposed a gag order in the case against former trump campaign chairman paul manafort and his business associate rick gates. in that order, the judge directs attorneys to refrain from commenting on the case in public so as not to prejudice the case. special counsel office is charging both men with financial crimes. this is the cofounder of fusion gps, the company behind the unverified trump dossier. he agrees to appeared before the house intelligence committee. the deal comes the day after fox news learned glenn simpson met with a russian lawyer before and after a key meeting she had with donald trump jr. the election losses for the g.o.p. ramp up the pressure on republicans to try to get a big victory on capitol hill. today house g.o.p. lawmakers spent a third day trying to come to a consensus o

federal investigators have subpoenaed carl icahn over his efforts to change biofuel policy while he was. ahn was given the job of helping shape the president's regulatory agendas. global news 24 hours a day, powered by more than 2700 journalists and analysts in more than 120 countries. i'm taylor riggs. this is bloomberg. francine: breads it talks -- theresa may lost her second cabinet minister in a week. she helded meetings with israeli officials during holiday in august. -- there isook next movement on breads it talks and they're going the way the u.k. look wants them to or not. emma: we are probably not going to get huge breakthroughs. the next key event will be a summit in mid-december when eu leaders come together and that is what everyone is aiming for there to be a breakthrough than. it depends on who you listen to. the irish prime minister yesterday saying yesterday in parliament he did expect there to be a breakthrough in december. the outline of what that trading relationship is going to look like. diplomats in brussels, they were very cautious, they were worried about the pol

. >> icahn disclosed he sold 7 million shares at the end of the june quarter >> which i think is bullish, by the way, that was months ago, got a big seller out of the way. and copper has rallied substantially since then it's yesterday's news. >> anything that's had its massive performance into the end of the year or that's had a year to date, who is going to sit there and take profits right now? the mutual funds, the way they're investing right now, it's a buy and hold strategy taxes, tax structure is going to change, possibly the hopes of that, why would you take that now, when there could be a lower tax rate next year? >> the broader market's not giving those opportunities but individual names are and i think any time you see names where we already know the facts about the companies, we've gotten through the earnings season when you see 10% pullbacks, those are the ones to buy. but we have not seen that in the market [ simultaneous speaking >> you liked them and you smartly said at some point momentum was broken. >> can i ask this basic question before we bring in rich ross who is in t

. >>> icahn fired a day after an incredible report detailing years of sexual harassment.ry street, in every town, across america. small businesses show their love to you. with some friendly advice, a genuine smile and a warm welcome they make your town... well, your town. that's why american express is proud to be the founding partner of small business saturday. a day where you get to return that love, because shopping small makes a big difference. so, this saturday get up, get out, and shop small. was supposed to be a wake reup call for our government?sh people all across the country lost their savings, their pensions and their jobs. i'm tom steyer and it turned out that the system that had benefited people like me who are well off, was, in fact, stacked against everyone else. it's why i left my investment firm and resolved to use my savings for the public good. but here we are nine years later and this president and the republican congress are making a bad situation even worse. they won't tell you that their so called "tax reform" plan is really for the wealthy and big

as a short seller in the answer is the company has retired 30% of the outstanding shares and carl icahn has bought 23% of the outstanding shares and in the short term or intermediate term supply and demand makes a difference what the focus of all investors, bill has had a big short position he'll be forced to cover so the more we can push the stock price up, we'll make it inevitably that they have to cover. we shorted the stocks to owning putts and now it's all about the fundamentals of the company. the stock was 78, 79 when we did the conversion the stock today is 66. part of that is, one, investors are realizing this is no longer about bill being northed to cover because he'll no longer be forced to cover and two, the focus is on the fundamentals and as the fundamentals deteriorate there's only so much stock they can buy back they have 1.5 billion of maturities coming up, you know in, a year novel, another 1.5 billion coming up back up in two and a half years so they will have a current obligation of 1 billion 150. my point is they are levering up and buying shares and could go everyt

attorney's office for the southern district of new york recently contacted icahn enterprises to activities relating to the renewable fuel standard and the role as an advisor to the president the filing adds that ikahn is providing information and that the u.s. attorney's office has not made any claims or allegations against the firm or ikhan. they own refineries and shelled out hundreds of millions of dollars to comply with a bush administration law now the price of those credits is based on supply and demand and any policy changes, and in may, a group of democratic senators led by elizabeth warren called for a federal investigation into whether ikhan benefitted from insider trading. various media reports as well had also raised the question as to whether ikhan was able to influence president trump in a way that would drive down the cost of the credits. he seized to act adding that he never had access to nonpublic information or profited from his position he also did not believe that his role presented a conflict of interest, guys >> big story, leslie, thank you very much. leslie picard th

federal investigators have subpoenaed carl icahn over his efforts to change policy while he was an advisorent trump. helpingiven the job of to shape the regulatory agendas. he was criticized for pushing a change with renewable fuel that would benefit one of his investments. and brexit talks resuming today in brussels. there is no sign a breakthrough is near. both sides hoping for an agreement by the end of the year, still european union envoys sounding cautious. they want to get a deal quickly said they can move on to negotiations with trade. global news 24 hours a day, powered by more than 2700 journalists and analysts in more than 120 countries. i'm emma chandra. this is bloomberg. david: thank you so much. i got to sit down with the ceo of citigroup yesterday and one thing we talked about was tax reform, what he expected and what he hoped. he goes around the country visiting with clients and companies he talks with say that they will ramp up production and employment of tax reform came through. we spoke about how the tax reform could increase activity in the economy and therefore help c

icahn's thought was, what we did in the last few weeks, shorted our entire short position into a putesult we can no longer -- there's no longer an opportunity to squeeze pershing square i looked at the portfolio. things have heard us, like herbalife. >> do you look at penny's share price? >> ron johnson was a very smart, capable leader and had had a lot of very good ideas and, unfortunately, the company did not have patience for those ideas. it's sad what has happened to retail the headwind is so enormous. i get back to the adp. a company like macy's, so dominant, they have become an innovative company this is not what we want to have happen to the adp businesses. >> does that provide more opportunity for you? >> i think it's a biforcation of the market money is being managed passively so it's more important for the activists of the world to push corporations but the actors are not supportive of the major shareholders. >> quickly back to herbalife before we go, how big is that position >> 3% of capital >> 3% of capital >> because it's in the form of derivatives, the upside is great a

. >> senator icahn. >> thank you, mr. chairman. i have a few questions about the navy ship comfort. according to the department of defense, the "comfort" has one of the largest trauma facilities in the united states, isti equipped as well as any kind of floating hospital can be equipped. it is capable of treating 200 patients per day with 250 belds available. but yet we hear over and over again there are people going without medical treatment. despite that capability and the stamp of over 800 trained personnel, the "comfort" has treated only 100 patients 17 days after arriving in puerto rico on october 3rd. and 30 days after hurt capable maria made landfall. dr. kadlec how many patients have been treated on request the "comfort" so far you're familiar with and can you elaborate on the challenges we've had getting patients to the comfort? >> i think last count was 121 as a result of that. but, ma'am, before you make a judgment on that, let me just explain what was the approach using the comfort as it related to it high acuity capabilities. which you're correct in saying there are 200

protection agency has projected a bid to relieve refiners of their obligation for the biofuel -- carl icahna win for state lawmakers and ethanol producers. opec's biggest producer trying to regain ground. saudi arabia's aramco is in talks with pegida, dutch chemical conglomerate that are building some of the largest plants in china. the biggest oil supply for china has been overtaken by russia. and that is your bloomberg business flash. anna: thank you, taylor. the european union is ready for an offer from theresa may that could unlock brexit trade talks, even as consensus is forming in brussels that the future trade deal available will not be anything like the one that theresa may is seeking. for more details we go to our editor in brussels, james, good to see you. in terms of where we are going on this story, theresa may will tusk onng with donald friday in brussels. what are the chances she will make progress on the talks? will it be an important meeting or do we look beyond that? james: we have been waiting for the key here to unlocking these talks. tomorrow's meeting between theresa ma