icon got five board seats and now jeff smith wants four. icon and jeff smith are at each other.ewel gets an upgrade from wells fargo which suggests upside and you crushed mike last night on "mad money. people are upset and sad on that side of things with what you did to poor mike last night >>well, i had mike on "mad money. and if you speak positive about what is happening on "mad money" i protect my franchise my franchise i believed for awhile they missed three times i am concerned this quarter about toys "r" us. david, i don't think that it was such a great idea to just give the 6% stake icon all these seats. i happen to think that the man you're interviewing, jeff smith, is going to win. i didn't crush mike as much as he crushed the shareholders. >> understood. and, of course, i was sort of teasing a bit there, jim but jeff smith is in a serious issue, as you say. and he wants four seats. he's going up against icon we'll talk to him about that and a couple of other situations he's one of the most, if not the most active activist out there, guys i want to note another front th

franklin, he had been the guy to sell to newell they stepped off the board and he briefly joined jeff smith franklin dij ditched him quickly. smith was left out there what do i do now many thought he would stand down he didn't. he set up a challenge with icahn. he said we'll give you five seats. no problem, carl jeff smith had a problem with that by all accounts, they might have been headed to a struggle with each other and a proxy fight and icahn probably would have lost some seats. he lost a few anyway overall, it's a good settlement. now, jim, it's up to a man you've been critical in the past he's a reformer. he's going to be out he knows he's going to be out. robert steele and then bridget ryan will be agreed upon by both and icahn's study from college will not stand for election. starboard gets two plus the one they agreed on that's six directors so that's a lot. that's the majority. >> this is what i wanted the people who are from star board's team are such hitters. >> you have people who understand plastic business. you've got style people. ke keurig i feared there would be food figh

jeff smith is showing up in these campaigns.peak a little more to how active he is this year? james: the last time, we talked about elliott. in the first corner of this year, star board put close to 41 in play. that is an extraordinary number. i have never seen that rector -- that many tractor seats in play. -- director seats in play. they were attempting to replace over half of the board. >> what is driving all of this activity? it is more of a case of 2017 and a very fast-paced continuing into 2018 but acting up. amping up. the first quarter of 2018 was the third busiest quarter in the last 20 years. it is a harbinger of a potentially trillion dollar m&a year. it provides all kinds of ways for activists to draw value, dumping, blocking, pursuing vestige or breakups. if you saw the statistics for vanguard in the first quarter, they took over half of the new mutual fund money. what that is doing is driving the active managers to look for ideas. finally, europe continues to push activism forward. there are a lot of examples. sona

. >> jeff smith. >> thaunlg, mr. speak. last month, the prime minister met a 6-year-old and his family at downing street, so i think she understands how vital it is he gets access to the cannabis based medicine that treats his epilepsy. on monday, they received a license from a leading neurologist so he can access the medicine. so can the prime minister assure his family that she'll do whatever so that the application is granted? >> prime minister. >> i was very pleased to be able to meet them. i know the members across the whole house are with them as undergoes agreement. i have written to the family for a range of solutions for al fi. of course, i want to ensure people get the treatment they need. it's important the medicine is properly and thoroughly tested. i will ensure that the home office looks at this speedily. >> steven kerr. >> thank you, mr. speaker. >> as the second largest donor to the global effort against malaria, the united kingdom, since the year 2000, has helped cut ma a lair area deaths by 60%, saving nea

jeff smith, carl icahn, big egos but they got it done. why do you own the stock now do you believe they'll be effective under the leadership of mr. poll being? >> sure. we own the stock because we believe that some of the headwinds they were facing were transit tri. we don't blame mr. polk for hurricanes. we don't blame him for toys 'r' us's bankruptcy. hasbro traded up on difficult numbers today because it's well documented that toys 'r' us in is bankruptcy and liquidation. if they liquidate they won't go chapter 33. there are significant operating issues we think that he's done a great job of documenting and raising. we think the people in the best position to evaluate that including the performance of the ceo is the new board and we think the new board does consist of three icahn appointees, three starboard appointees, both all economically and reputationally motivate today get to the right answers. we've seen promises of 6 billion or 10 billion of asset sales on a net basis. we would encourage the company and the board to evaluate all

. >> i have not heard from jeff smith for star board in terms of what the plan is >> jim, our buddy writeshe half-life of trade scare is getting shorter and shorter. would we see more good cop action today from mnuchin? >> i wish i were not mnuchin and kudlow i have to come out and say negotiations yeah, the president did not like that the chinese made fun of him and said they got the best of him. he goes to 100 and maybe settles in the middle. >> what do the chinese do? are we going to have another leg down when the chinese comes back with another 75 billion? it is not about earnings anymore. the navarro win is about taking some pain in order to have gain. the pain is going to be felt by shareholders you heard him? it is not that many. >> wish he could quantify a little bit that would make things easier. >> i feel that when i go over machinery, and electronics are really hard. i have another trade all right we are going to give them all unit unit united rentals and all domestic and earth moving >> infrastructure play verses cat. >> go ahead, make my day short yum and go long yum. >> what

the end of the year unclear who will become, at this point, the ceo earlier this week i looked at jeff smithse i know they havebeen mounting up they're having conversations smith would not comment specifically on his efforts. here is what he had to say. >> the company we have a position at. we have not disclosed publicly if we have nominated directors and we have been having conversations with a company and we're hoping like many other situations that we'll be able to work things out without having to do anything. >> would you like to see the ceo gone >> i think there's some questions around the ceo but i'm not going to talk about those now. >> unclear whether he's done, though, with those efforts we'll see in the coming days by the way, this morning wells fargo comes out a report that said when macerich announced on february 1st that ontario teachers would not seek re-election at the 2018 meeting with their board seat. we saw an insider to explore alternatives to maximize value we learned ontario has engaged an advisor to review alternatives they misinterpreted the action they thought they'

tomorrow "squawk on the street" is next ♪ >>> good tuesday morning faber is at 13 d we'll talk to jeff smithoks to go positive for the year at the open for the first time since march 20th. a 200 plus-point gain. we have trade, earnings, and

jeff just came on. inbound to j.r. smith. his shot is good. >> if anyone was going to hit that, it would be j.r. smith, right? he has a knack for doing that. that was a 70-foot buzzer beater in the fourth game of the cavs playoff series against the pacers. the shot sucked the life out of the home crowd as cleveland went on to win tieing the series at 2-2. >> j.r. smith probably would have taken that shot even if there was 20 seconds left. >> he would shoot it in the next possession. >>> just ahead, breaking news to tell you about about the royal baby. >>> plus, michael bloomberg is putting his money where his mouth is. show me the carfax? now the car you want and the history you need are easy to find. show me used minivans with no reported accidents. boom. love it. [struggles] show me the carfax. start your used car search and get free carfax reports at the all-new carfax.com. brushing only reaches 25% of your mouth. listerine® cleans virtually 100%. helping to prevent gum disease and bad breath. never settle for 25%. always go for 100. bring out the bold™ are confusing quilted northern for robe

. >> reporter: bob smith is the o of blue origins created by amazon's jeff bazzos. in his first on camera interview since taking the helm last year. >> i we spent so much ti development, over seven years developing this engine to make it reusable. this engine will perform 100ar . >> reporter: the company develops the engine for its own rockets which are expected to begin lauhing payloads into orbit as soon as 2020. but the company also hopes to t sell them united launch alliance or ula. the industry consortium owned by boeing and lockheed martin. it currently relies on russian engines. lawmakers want thos phased out. >> in 2020, we're so excited about that, we'll introduce these elements. then full new technologies in an advance upper stage. >> reporter: blue origin is competing to build the engine. the contract its expted to win when the decision is announced, quote, soon. smith says it will mean new revenue stream and fit into a broader strategy taken from the amazon playbook. >> buildspa lities, builds capabilities, gains some customer base and continues to build

of "scandal," tony goldwyn, katie lowes, darby stanchfield, jeff perry, guillermo diaz, bellamy young, scott foley, joe morton, cornelius smithrn and the late josh malina! [ cheers and applause ] ♪ [ cheers and applause ] ♪ [ cheers and applause ] [ cheers and applause ] >> that is what we call a gladiators roar! >> yes! >> that's right. >> jimmy: they're not nearly as loud on twitter, are they. >> yes, we are! >> actually, they are. >> jimmy: i don't know if you guys are looking to continue your characters but there's some people in this audience now -- [ cheers and applause ] who are writing fan fiction using shonda's -- shonda, this is clearly intellectual property theft going on. but they're willing to continue writing for you guys if you want to continue doing the show. [ cheers and applause ] >> i'm in. >> yes. >> welcome. >> jimmy: who is most emotional at the final -- when you taped the final scene of the final show? >> i remember walking in and there were tissue boxes. >> oh, yes. >> like one of these -- >> everywhere. >> i was very emotional. >> jimmy: did everyone use the tissues? >> yes. >> jimmy: people were cryi

. >>> turning now to another jeff bezos company, but origin, bob smith speaking with morgan brennan. she has the highlights. >> that's right. in colorado springs yesterday at the space symposium, blue origin ceo bob smith showing me the company's reusable rocket engine it's capable of being flown 100 time and broadly discussing the business plan. listen >> we continue to do build up our revenue stream and that continues to go on over the next few years we will hopefully see big awards here over the next six months to a year i think that will be self-evident of the size and the scale of the business that we are in i would say our investments indicate what our ambitions are along that scale. >> the indication, then, some big apple businesses, plans to court for customers for the orbital rocket currently under development including government and military plans to manufacture the engines not just for the company itself but for other space launch companies as well. smith also says he begins to send tourists past the edge of space with the new shepherd capsule by the end of the year as yo

. >> reporter: i spoke to prince's cousin, charles smith, who says ore family is very disappointed there were no criminal charges filed. ind, jeff also believes that prince's inner circle enabled the addiction that led to the singer's death. >> glor: jamie yuccas, thank you very much. philadelphia's police commissioner apologized today onerhis remarks following the arrest of two black men at starbucks. video of the racially charged ofcident went viral and set off a week of protests. michelle miller has our update tonight. >> messaging is important, and i ailed, miserably, in this regard. >> reporter: despite that admission, commissioner richard ross again defended the actions of his officers when they arrested two black men at this starbucks last week. it was captured on video. >> what did they do? what did they do? someone tell me what they did. >> they didn't do anything! >> reporter: ross said this on facebook over the weekend: >> it is important to emphasize and underscore that these officers had legal standing to make this arrest. these officers did absolutely nothing wrong. >> reporter: but today, he took the blame for mak

. >> jeff is exactly right. it led to the smith case. it let all the stuff we talked about, and the discussion of the metadata program. the reason they were able to go and obtain the large amounts of cell phone records and email records was because the court said there's no assumption of privacy with routing information. this is information you get to a third-party. it was phone records. in the case of email records, it's your service provider. as a result, we have huge surveillance programs that are done without warrants under some authority. that was the 2015 authority in the patriot act. another case, this was another statute. and led to congress changing the law in the usa freedom act. and led to continue debates about whether the third party option is valid. jones lays out the case about why is not viable. in that case, the court came together to decide the case in favor of mr. jones he was a suspected drug dealer in the washington area. this is the continuing debate taking place at carpenter. will see some resolution from the core

. >> i spoke to prince's cousin, charles smith who says the family is very disappointed there were no criminal charges filed. and, jeffnce's inner circle enabled the addiction that led to the singer's death. >> the cbs "overnight news" will be right back. your hair is so soft! did you use head and shoulders two in one? i did mom. wanna try it? yes. it intensely moisturizes your hair and scalp and keeps you flake free. manolo? look at my soft hair. i should be in the shot now too. try head and shoulders two in one. >>> we are entering an era in which our enemies can make it look like any one is saying anything at any point in time. they could have me say things like, i don't know, or ben carson is in the sunken place. i would never say these things. but, someone else would. someone like jordan peele. this is a dangerous time. >> that video shows oscar winning filmmaker, jordan peele putting word in the mouth of former president barack obama. part of a public service campaign to warn americans about the throwing threat posed by digital misinformation. the federal government is trying to fight back. carter evans reports.

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jeff besos as my napkin. am i going to harden my ego the moment i step off stage. >> i would be honored if you wore my clothes. >> is shepherd smith going to be there. i can't believe some lucky lady hasn't snatched him up. >> my mother was born american, but she was captivated by the drive and self determination of a young did sashing immigrant. >> because what you do really matter it provides transparency and accountability. done right, journalism can not just inform, but empower citizens. we don't always agree and what's rate and what's fair, but that push and pull makes us both better. >> good evening, good evening. here we are, the white house correspondent's dinner. like a porn star says when she is about to have sex with a trump, let's get this over with. it's 2018 and i'm a woman so you cannot shut me up. unless you have michael cohen wire me $130,000. michael, you can find me on vend mo under my porn star name, reince priebus. reince just gave a thumbs up. of course trump isn't here if you haven't noticed. he's not here. i know, i know i would drag him here myself, but turns out the president of the united states is the o

jeff bezos' blue origin making waves out in colorado springs this week, showing off a new engine for its new suborbital rocket, new glenn. i spoke with blue origin's ceo bob smith and why blue origin thinks it can get tourists to the edge of space as soon as the end of this year take a listen. >> it's a massive piece of machinery and we're excited about because it because we had a hot fire on that engine and that engine has run for 114 seconds at 65% power, which is really exciting. which means we've demonstrated this engine works and works well and that's kind of a revolution in terms of that engine technology because it's a really reusable engine. we've designed it for reusability. >> i think a lot of americans don't realize that some of the most sensitive, security and military missions, right now, in terms of space are being powered by russian-made rockets. this actually represents really kind of a shift. >> it is. >> in terms of american manufacturing. what's the opportunity there >> the opportunity to replace those rockets and get on to american rockets supplying american astronauts and american payloads it's exciting to do that this is actually something

jeff sessions and homeland security kristin nielsen expected to face grilling from lawmakers all this as ronny jackson withdraws his nomination to run veterans affairs. welcome to a new hour of "america's newsroom." i'm sandra smithve you here, rick. >> rick: i'm rick leventhal. bill hemmer is off today. scott pruitt getting ready to face lawmakers. new reaction from president trump on dr. ronny jackson. placing the blame for his withdrawal squarely on the democrats. >> president trump: the democrats are obstructionists. it's horrible what they are doing. they aren't approving people. taking them out to the maximum 30 hours. these are all false accusations that were made. they are trying to destroy a man. by the way, i did say welcome to washington, welcome to the swamp, welcome to the world of politics. >> sandra: we have fox team coverage. bret baier is standing by and we begin with chief intelligence correspondent catherine herridge this morning following the session's hearing live in washington >> good morning. the attorney general is back on capitol hill for a second day of testimony. yesterday pressed by senators about deputy attorney general rod rosenstein sessions saying he stands behind his work. taking