♪ ♪ ♪ ♪ >>> welcome to "squawk alley" for a wednesday, jorng us from cannes lyon in france is jon steinberg the "daily mail" north america and next to jon is our own kayla tausche, and with us at post 9, jon fortt on a busy day. markets hanging in there, down about 42 on the dow. a 7 for 1 stock split leading to big gains for shares of netflix. the stock crossing the $700 mark on the news, hitting yet another all-time high going back to the ipo. a few moments ago carl icahn tweeted sold last of our netflix today, believe apple represents the same opportunity we stated netflix offered several years ago. shares of netflix are up 100% so far this year. the only s&p gainer to have done that by a long shot. we're looking, jon fortt, to see how much icahn has made. sold half of his position last year. made $800 million. as of march 31st, owned about 1.5 million shares. at the current price that's another $973 million. >> hard to ignore carl icahn's moves in technology. look at the call on apple. that timing was really good. he said he's still excited about that. netflix, this split right now of c

joining us today, jon steinberg of the ceo of the "daily mail," north america. ayla tausche. watching the morkts, we've lost a lot of gains as we got the headlines from the imf saying technical discussions with the greeks have essentially stopped. and their team has returned from brussels, dow sup 100 points prior to the news. but now a gain of just about 36 points, we going to begin with some breaking news, our own david faber reporting that rupert murdoch will step down as ceo of of 21st century fox. david is here to update the story for you. >> a change at fox, keeping it in the murdoch family, no doubt about that. as we first reported, rupert murdoch is preparing to step down as ceo of 21st century fox. he'll hand the title to his son james, that according to sources close to the family. the timing here of the change is still unclear to me. it could take place in the very near term. it will be announced in the near term. but it may not actually take place until let's call it 2016. either way, murdoch, that is the elder murdoch will continue to be the executiv

. ♪ ♪ >>> welcome to "squawk alley," joining us this morning, jon steinberg is the ceo of the "daily " in north america. jon fortt is home from intel out west. kayla tausche is here. and the dow is at session highs, up 2000 points, we've not had a 200 point gain since the 8th of may, we're in rally mode. all major averages up 1%. big news in tech, netflix one of the day's top movers, the best performer on the s&p and up nearly 100% so far this year. comes after shareholders approved what should be a first step towards a stock split. reed hastings said the board will consider a split. but didn't reveal the ratio. a lot of discussion about past splits, we passed the anniversary of apple's 7 for 1. the "journal" argues that the splits tend to work out in the year that follows. >> it's amazing they work. there's no fundamental reason that they would. it appeals to more of a consumer base. they just signed brad pitt's 30 million movie. >> going out to marriotts. >> i think it's a consumer play to get people to buy the stock in their kind of retirement funds. >> everybody wants someone, guy

today john steinberg of the daily mail north america. with us as always jonortt, kayla taushi looking snazzy on a day markets are having trouble staying out of the red but climbing off session lows. dow down 133. of course all the major averages in red as we get headline s over the weekend. negotiations regarding greece failed again. bob pisani is on the floor with a look at the movers. >> three to one declining to advancing stocks with no headway to getting rid of it. it's been down all morningment people want to know if it's greece or concern about the federal reserve. the general feeling is this is mostly due to uncertainty about greece although it's modest. look at the dow. dow movers. this is a fairly diverse group of stocks all down. microsoft is weak. 3m, ibm is weak. merck. you have health care, the tech, te low come. microsoft on the down side. this is a fairly broad decline in stocks generally here. if you look at some of the other sectors moving there is concern about greece. interestingly for example gold doesn't have much of a bid. the dollar isn

today john steinberg of the daily mail north america. with us as always joning trouble staying out of the red but climbing off session lows. dow down 133. of course all the major averages in red as we get headline s over the weekend. negotiations regarding greece failed again. bob pisani is on the floor with a look at the movers. >> three to one declining to advancing stocks with no headway