loeb writing the following.main convinced that the proposed transaction will strengthen the company as a whole. the newly listed entity will thrive with a governance structure that focuses on increasing profitability, competitiveness and accountability. we expect that this transaction will strengthen rather than diminish sony's ability to exploit meaningful synergies between the entertainment and electronics divisions, a goal we share. a third point, also reiterating its offer to serve on the board of directors. loeb writing that kazuo hirai should remain. it's been a busy 24 hours. the activists never sleep. and as a result, neither do i. >> when are you expecting a dell resolution? >> i don't know. now, we'll see what happens. you know, the shareholders meeting is, i think, in a month or so. so this is going to probably play out. now maybe we'll get a response to what mr. icahn is saying and maybe go from there. >> maybe carl will be on to another deal by the time july 17th comes around. >> you know what, you

loeb's proposals but declined to comment on the specifics.ts are saying that these proposals are positive for sony and its shareholders, since it would boost its value. sony's shares rose 4.4% today and the company will hold its annual shareholder meeting on thursday this week in tokyo. back to you, ross. >> all right, shuchiko, thanks for that. >>> sprint is suing dish network to block its offer for clearwire. they claim dish is trying to coerce them and rejecting sprint's competing offer to buy the rest of the company it doesn't already own. this comes as dish is also facing its last chance to increase its $25 billion offer for the company. locked in a bidding battle with softbank, dish raises national security concerns over the japanese operator's entry to the u.s. market, while softbank's ceo slammed his rival's bid as wrong, incomplete and illusionary. last week, softbank sweetened its offer then to $21 billion. joining us for more, takashi to toakawa in tokyo. thanks very much indeed for joining us. it's a very complex situation, as we

and discover, holy cow, loeb left, and then start the next thing that loeb comes in. >> well, there are reputational benefits/hindrance from losing something like this, and again, it is not a battle at this point, but more of a conversation. >> how about he tried? what's the matter with that? >> well, it fits in the way that loeb views japan in general, and he is very bull ish on what is taking place in japan from the stimulus efforts there to the arrows approach, and he told me as much with salt, and how bullish he is about what is taking place there. so it is interesting that he has this thing going on in sony at a time when his overall view of what is taking place in that country is incredibly bullish. >> and the wind is at his back. >> and the governance changes that he is hoping to push on as well. >> let me be clear, if he sells, it is honorable, because he has tried. i'm not say sheging he is a sca but if he wins this company is worth a substantial money and much more than it is selling for, and the game plan is a great game plan. >> and he has benefited in part with the inve

billionaire hedge fund manager daniel loeb is upping his stake in sony. he's turning up pressure on the congolmerate company to spin off its entertainment division from its tech business. leob's third point hedge fund upped the number of shares to 70 million, or 7% of sony, with a stock value around $1.4 billion. according to the wall street journal, loeb wants sony to spin off 20% of its film and music business as an ipo. its a busy month for ipos. pasta chain noodles and company says it plans to raise $75 million at $13-$15 a share. it's expected to price in next week. and digital coupon company retail me not has filed for a $230 million ipo as the e- commerce sector starts to heat up. it plans to trade under the ticker "sale." and gogo, which provides wifi for airplanes, plans to raise $176 million and is expected to price in late this week between 15 and 17 dollars. starbucks customers will soon know what is in their venti frappachino. the company will post calorie info for drinks and food at its stores by the end of the month. the fda will require ch

they have recently been rebundling. >> you don't think loeb will be successful in that play? suck secessful in causing tho do things that are good for shareholders, but that particular one, it wasn't always like this, they made a conscious decision to make it like this in the '90s. they made a conscious decision recently to do it again with the internet business. why would they unravel that? >> does american-style management come over there, american-style activism come over there, and if so, won't that take the market to new levels, liquidity easing aside? >> i think it could, yes. >> what other themes would you look for there, specific investing ideas. toyota, for example. would you have a thought on toyota? we've talked about toyota here, relationship to the weaker yen helping out exports, et cetera, and pricing, et cetera. >> we have a position in toyota in our strategies. we like it. and, you know, there's the chart. so this is the yen versus toyota. and when the yen weakens, toyota either takes operating profit or they take share from their competitors and that's exactl

in the letter, dan loeb saying he would, of course, like to be on the board. >> oh! >> he would like to be on the board of sony proper. i'm sure he'd be just as happy if they'd put him on the board of the entertainment business as well. >> right. >> how likely is that? i mean, japanese companies are slow to -- >> i don't know. he sent a -- this was actually a very friendly letter. this was a letter to say we're very happy about everything that's gone on since we first talked you. you've hired financial advisers. we want you to spin this off. the big changes were this idea that he wanted to not just spin off a piece of the entertainment business, but that it should have its own governance, which could be complicated. he wants the ceo of sony to be chairman of both companies. >> uh huh? >> but then he said, and of course, we would welcome an opportunity to be on the board. >> but you made the point when you first wrote about him doing this, about how the letter was not your typical activist letter, because -- >> yes, this is japan. >> -- japanese companies don't deal w

the ceo said the company's new board will meet on loeb's ideas later in june. >> the proposal is that we look to spin off about 15% to 20% of our entertainment assets. and we want to make sure that we have a thorough discussion of the merits of the proposal before we come to any conclusion. >> sony shares jumped when word of the review leaked, sony closed at $20.84, up more than 3.5%. >>> and still ahead, want to earn a little interest on your cash, your checking account? we found some safe ways to do it. they're getting harder to come by. >>> first, how the international markets closed today. >>> whether stocks will move higher or pull back, some aren't willing the take the risk that goes along with putting money in the mark. so what's the alternative for your cash? our kayla tausche found one that's risk free, liquid and even earns a little interest. >> reporter: for every investor in the stock market, there's another who likes their money right where they can see it. in their checking account, insured and in a perfect world, earning interest. with that last detail hard to come by,

i think dan loeb is making good noise at sony. they've hired banks. let half run.you are playing with the other house's money. nick. >> caller: boo-yah, jim, from orange county, california. >> love it, beautiful area. i lived in my car there. it's great weather. >> caller: my question today is about barwick rolled, gold prices in general.l has gold bottomed? >> actually yes, my go to gold guy said the miners are probably washed out. we don't like those stocks. it costs too much money to find gold. strong economic news. now the market sells off. good news is sell, sell, sell, bad news, that's what we saw today. until interest rates go higher, it's the price we have to pay for things actually finally getting better in this country. "mad money" will be right back. >>> come you can up, health class, tonight, cramer is looking deep into the medical industry. first up, a company with a brand if you way to battle on the front lines of the cancer fight. >>> and later, beneficial breakup? plenty of companies have already proven that splitting up businesses can be a big win

will continue to be in place and you see something from a very smart institutional investor like dan loeb, what he's doing with sony. he and he tells you what he thinks about sony but he's telling you what he thinks about japan that this time is different. >> i think it's really smart. on the entertainment business, it will cause more disclosures. more pressure on the management for accountability. >> he likes abe anomics. >> japan is very, very fat. this is just the tip of the iceberg. the other side of the join is they're protection iistprotecti. >> coming up next on "the half," why one of the worst areas of the market is poised to rebound. a bold call from alexandra leben that will. and later tom barrack will be here live at post 9 speaking publicly about pulling the plug on his company's ipo. he'll also join us for the entire second half hour of the show. tell you how to make money in housing. and he has certainly done a lot of that. so stick around. before their gift helped preserve the point... before a credit solution was used to expand their business... before trusts were created

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i think dan loeb's play for sony has to be one of the more exciting stories.re shaking up the board rooms. >> all right. finally, why hollywood loves to hate wall street. take a listen. >> was all this legal? absolutely not. >> we were making more money than what we knew what to do with. >> it's a story that keeps giving. we're always in trouble down here on wall street, it seems. >> i was just out in hollywood the other day having a conversation about the fundamental problem hollywood has. it's really hard to make finance look good on the screen, because in the end if you depict the financial world the way it really is, it's really not that exciting. it's guys sitting in front of bloomberg screens. >> and many of them doing very good things. >> this is an attempt, i haven't seen the movie, barely saw the trailer, to try to solve that problem, and i don't think anybody has really nailed it to be honest since that first wall street movie way back when. i think all the other attempts we've seen since then have fallen short and i think it's because it's inherentl

"the world turned upside down," among the educated and high-minded classes in particular -- steve loeb posts on our facebook page, melanie, first, congrats on m books. i am so excited i can find more of you now. second, i was wondering what your view on the church of scotland's new position on israel is. [laughter] >> host: what's he referring to? >> guest: i think what he's referring to is that the church of scotland has taken in recent days a very belligerent attitude towards israel, and he's talking about, you know, it's part of the, it's called bds, poi cot, divestment and sanctions movement which basically seeks to vilify israel by pretending that it's the tyrant in the middle east and inverting everything so that the true victim in the middle east, which is israel, becomes the true tyrant, true aggressor which is the arab muslim world becomes the victim. and the church of scotland has leapt onto this particular bandwagon, and very distressing it is too. but in britain you see the established church, and britain is composed of both -- consists of england as well as scotland. scotl

. >>> dan loeb, don't hold your breath, sony's ceo saying that the company is considering to spin off the entertainment business burk a decision won't come quickly. >>> and weeks of testimony from executives after apple, amazon and google are coming to a head. the price fixing case of apple case, and we will be live on the scene. >>> all right. so what happened? amid all of the market volatility and the fed speak so much made of the rise in the rates on "squawk box" and ceo of wells fargo john stumpf said that the rates need to continue. >> and the fact is that we need to get back to normal. and it has been four or five years. >> well, the market, david and kelly, certainly doesn't like the fact of where the rates are going, and i'm almost shocked that the market reacted the way it did after all of the build-up and everybody saying, yeah, he will talk about tapering and they will talk some of this or that, and yet notes out this morning, ubs surprise, and goldman sachs, sans shock. >> and you look at what is coming with the expectations of the inflation coming off and the fact that th