some of the people who don't are the people led by jeffrey smith.t group came out with an extensive report couple of months ago, almost 300 pages. it was very detailed about the changes that they thought that olive garden should make. everything from the salt in the postel water to offer a more breadsticks, trying to do some up selling on the liquor, the beer and the wind sold at all of garden. it is not clear how many of those changes they have implemented yet, but you can be sure that if they remain in the driver seat they will probably do some of those and the biggest change, potentially, will be a new ceo for the firm. flex back in november when we heard that they were making moves that would save between $10 million in $20 million or year, is that still the target? >> it does look like it. one analyst yesterday said that there is still more cost savings to be wrung out and it will depend on the new ceo. he thinks it will be brad blum, who was appointed to the board. he ran the company before. he ran olive garden from 1994 to 2002. he has also r

a relatively light trade here, but it was just a couple months ago that jeffrey smith and the guys got their whole board replaced, and now they're starting to see at least a little bit of a move to the upside on darden. back over to you guys. >> we talked about this in terms of the risk/reward. >> how do you trade it right here? a stock i think is trading around 57 bucks. but this is right at the levels we last saw this time in 2012 and we failed. so how do you trade it? i'd rather buy this stock on a breakout above 60 bucks than to buy it here and hope. i know that might sound counterintuitive. >>> could amazon soon be looking to go the way of the spin-off? we've got the details when we come back. >>> and later, could russia's instai instability for apple? we'll lay out the emerging market risk. that's coming up. >> from record-break highs to major market meltdowns, every night, they serve up in-depth analysis and actionable advice. >> i think you can buy here. i don't think you have to risk that much. >> all to help you prepare for the next trading day. >> this selloff is not over wi

much,.k you so moving and shaking this hour jeffrey smith -- he is at it again, he may be setting the stage for a merger of office supply retailer's staples and office depot. he is taken a 5% stake in staples and has boosted his sake and office depot to 10%. he says the shares are undervalued and the industry has been under pressure to consolidate. and office depot are being challenged by retailers such as amazon and target which sell office supplies at a discount. oil is rebounding slightly after trading near its lowest point since 2009. look at this chart, it has been a roller coaster ride that is mostly down but the plunge also raising $1 trillion worth of global equities. is also having an impact on the state level as well. oil-producing states are bracing for a hard-hit to tax revenue and adjusting their budgets and oil's new normal may prove to be very tough to run the government. taylor rakestraw just now and covers the municipalities. which states are likely to be hit biggest? >> the ones we are looking at our alaska, new mexico, louisiana, texas and north dakota. what you nee

a management team still taking shape there from last i checked with jeffrey smith, the man who ran theight that got rid of everybody. >> and red lobster, which was a huge drag on management's time. >> it went to a private equity firm. >> this was exactly what you should want from activism. they come in, suggest you get bad of the really bad division. the okay division gets management's focus. the other divisions aren't that bad. next thing you know you have a high-yielding restaurant play that does well when gasoline goes down. >> well, regardless of whether it was this management team to come or the one that left the building. >> better to be lucky than good. >> absolutely. on some plays, we've seen it the reverse. maybe they did things that were correct or favored by majority of shareholders, yet energy prices -- think hess, iron ore. think any of these things. >> chicken is still sticky. i think chicken comes down. danny meyer setting the table, he said, you're missing the point. red lobster and olive garden, they are just fuel themselves for humans. not for a minute did they confus

i know jeffrey smith. i have talked with them. he is very involved in this.he has books and videos and travels the world talking about this. bacterium.oil the dna is spliced into corner. ownplant can create its toxin, it's on pesticide to ward off harmful pests. this is been very popular with farmers. there are concerns about it. studyis some scientific that believe it's harmful to human health. the company say absolute not. these studies are popping up. we are starting to see some past resistance with these crops. we want to get to his many of your calls as we can. corey is in new york on the republican line. caller: good morning. ask, can she explain whole milk? express the difference of the labels? being that the fda is approving this on the shelves, how can the sue them? host: i know that you said your specialty is not meats and meet roddick's, if you want to pick -- meet and meat products. were anrowth hormones issue. they can increase milk production. that was a product was developed and marketed by monsanto couple of decades ago. problems. some there w