facts meet dan loeb. dan loeb, meetings the facts. the video continuing -- broken promise after promise, given excuse after excuse, while calling themselves a no excuses company, and then a job showing how libberist came on this show and said this company will never cut the dividend. all right. look, i know this was a different decision. most of them different -- i said it was, so i can't take that back. that was years ago. when liverist made a series of good moves, i stopped the slamming and joined the group. it's not delivered a ton of value. why you can article testifying -- it was liverist who created value, not loeb. it would have taken a huge amount of time? i think so. did he negotiate with them fairly and honestly in the period up to the video? i think he did. hence my outrage. in other words, i have to ask. what does a ceo have to do to quell the dissent of an investor, but is demanding about 20 -- in short, the pressure that -- it's important, i get that, but even when the ceo in question has done everything right lately, do

a vacation -- dan loeb takes a vacation?he compensation side. miller and dan logo which will get 4000 shares. $400,000 -- -- 400,000 shares of dow chemical. bell, wer the opening are on the markets. we check on futures. --are higher on this higher friday morning, as we had towards the bell. >> the european central bank said mario draghi is continuing. >> it shot up for the first time in two years. we will be back with the top story, the opening bell, that's next. ♪ >> welcome back to "in the loop." number one, we have to talk immigration. impossible not to discuss president obama's address last night. we just heard from house speaker john boehner. he didn't say anything new, but it was the typical role you of heard from republicans against obama's executive action. said his comments, he something akin to if congress thinks i'm overreaching my boundaries, think again. pass a bill. he is throwing down the cop let -- gauntlet, identity get some thing done. -- idr you to get something done ofi know as of now, in terms popularity

you'll start to hear loeb chatter, i think. think you'll get more of the activists talking sotheby's. the stock has been awful. >> the stock is up 1.5%, not down. it is up 1.5%, and that's what you would think. if dan loeb is agitating for change, this would indicate that perhaps he does have the power now enact change with the ceo ousted >> yes, i think so. and i think the business needs to involve. there's some real competitors, paddle 8 online, so they need to involve. and i think they may -- i know loeb seems to have thought of him as a barrier to that. >> i agree, i would be a buyer of this one on this news. it's not a slam on the ceo, but an endorsement of dan loeb. and when you have an activist that finally starts getting their way, those stocks move. >>> time now for pops and drops. big movers of the day, pop for dillards, up 9%. >> marcatto put out a plan to put it into a reit structural, although i think that's going to be really hard to do. the dillard family seems to be firmly in control. not expensive here, but i w

activist investor dan loeb in there. global economy some people don't think are slowing.ome do. >> oil is down not because of demand. >> this company should be killing it right now. >> look at many of the chemical companies and dan loeb has a points. when you look at dupont there are highs. multiple different chemical companies outtrading dow. dow happens to be lagging and maybe that's a good point for dan loeb. >> amazon shares down 25% so far this year could the tide see a turn. apple soaring to all time highs today. do some option traders see more upside ahead. i feel like he's always watching us. yes, that is why we should use wink. ...look, it can monitor and manage our house but it won't start to develop human emotions. hey buddy. control your entire home with one simple app introducing wink it's like a robot butler, but not as awkward. ♪ there's confidence... then there's trusting your vehicle maintenance to ford service confidence. our expertise, technology, and high quality parts means your peace of mind. it's no wonder last year we sold over three million tires.

dan loeb won the battle getting three board seats and $10 million goes to loeb to reimburse him. sotheby's paying dan loeb the cost for waging war. the price down almost 10% when it was first disclosed that loeb had taken the stake and down from may. sotheby's could make some of it back tomorrow night. they hold one of the big contemporary sales. among lead lots this painting could go for $20 million. do not adjust your screen. it is an all white painting. next to that painting it looks like kind of a bargain. >> that is a spectacular piece of work. >>> there is news on one of the largest divorce settlements including harold hamm of continental resources. >> a question of how much his wife would get, could be up to half. a judge ruling just now that it is $995 million that will go to his wife. that is clearly among the most, if not the most expensive divorce settlements in history. the judge said he would have to give $322 million by the end of 2014 to her. that is a lot of cash that he will have to raise very quickly not surprised if that share comes under a little pressure toda

dan loeb will not be criticizing dow for another year.n the other hand has been missing its earnings .argets for years triad is trying to get board members on dupont's board to provide a device. they are frustrated the company has not engaged in discussions with the ceo. they have rarely met. dupont follows dow thrown lead and allows some concession for the activist moving forward, there will be a battle. dowell has performed better -- i mean, it is playing ball and the stock is performing better. dupont is not playing ball. the market has not outperformed in the way that the dow has. is it in part because of these activists? >> trying to point out that dupont is still below its 1998 peak when the company owns a stake in conoco oil. know, dow is probably outperforming because it is benefiting from the shale gas boom in the u.s. it gives it a much lower raw materials cost, for refineries around the world that use oil. they are very profitable and that is probably what you're seeing in the stock price more than -- >> the activist activity.

loeb also coming ahead in his fight with sothby's.t comes a few months after loeb and others join the board. sotheby's up 5%. and hertz, trading higher as well. back to you scott. >> thank you so much. murphy, you have been in hertz. >> been in. >> what do you think of the news. look, it is not the guy that a lot of people thought -- and a lot of people being some big hedge funds in there -- thought it would be. >> yeah. but i think they were out. and you covered it, scott. they support -- they don't really know the new ceo that well. >> i spoke to barry rosen stein who said that. >> when hertz was under 20 a lot were saying i don't want to jump in here because we hadn't seen the financials yet. and at that point i thought it was okay to buy more. because carl icon is there and put his guys on the board. and now this is just one of many catalysts that are going to come for hertz and i think the stock will be up north of 30 in the near term. >> it was a bit of a surprise to the market who thought it was going to be scott thompson. >> d

it is a big morning for dan loeb. dow chemical and third point reached an agreement. management changes at hertz and sotheby's which loeb is on the board of also expecting to change their ceo soon. on the earnings front, gap cuts its profit forecast. that stock is moving lower. and the president announces executive action on immigration. there are vast economic consequences. house speaker john boehner will respond in a few minutes. want to start off welcoming back my friend. my dear friend. >> thank you. >> thank you for being back. your dad wants you back at work. >> bop loved you. you know that. you knew that for many, many years. pop loved you. >> i did. he loved the work we did and he wanted you to get back to work. >> he did he loved this show, loved our partner carl. that's me and pop at the eagles game. there is me and pop at gino's. i'm glad i'm back. that's what pop wants, pop wanted. he loved the show. he loved this network. he watched it religiously. the darn hospital didn't have cnbc. that was a crushing blow for him. he wanted me back to work. he wants ev

. >> activist investor dan loeb is increasing rationing up the pressure to some degree on dow chemicalhe owns a 1.87% stake in the company as of the last filing. he has held meetings with the ceo and has tried to increase pressure on him to improve returns on dow. today, he is taking his campaign a little more public and , which has website video that details what he says are dow's recent failings. also, an advisory board was created of various folks it says it will draw on for advice as to how to improve the dow's returns. they include steve miller, the therman of aig, as well as chairman, ceo, and president of foster wheeler from 2001-2011. the dow has already been investing various units in part because of the pressure and just yesterday, agreed to selling a unit for $1.22 billion and also announced more measures to improve shareholder returns amid the pressure. it looks like that was not enough, and loeb is not taking the latest measures. >> julie hyman with breaking news at this hour. thank you. all week, we have been examining the theme of risk in the economy. today's focus is st

. ♪ >david einhorn, dan loeb, larry fink and more -- these iconic investors gather once a year to rubs and share strategies at the robin hood investors conference. billionaire activist carl icahn is perhaps the busiest of them all, stirring up conflict to shake out value at apple, ebay, dell, and herbal life, to name a few. at this conference, icahn also addressed warren buffett, took jabs at silicon valley, and discussed the unintended consequences of the fed's monetary policy. carl, let's start with interest rates. in this low-interest-rate environment, how do you see this? what implications does it mean for the economy?

it follows pressure from activist dan loeb. >> this is a huge move not all together unexpected.e called sotheby's a master painting in need of restoration. the ceo is leaving the company after 14 years as chief. the company says it was by mutual agreement and this position for the company has never been stronger with a global presence pushing to wine, jewelry and digital auctions. this started a campaign started a year ago where he said it had not moved the business forward. the company's margins are falling. it's losing ground to christy's and the private nonauction sales are struggling despite this being the biggest art boom in history. its net income grew slightly to $44 million. that is less than half what a single sculpture sold for at their fall auction. the stock up gaining $200 million in market cap today. >> was it necessary that he step down before they found a successor? >> clearly it was. the fall auction season went okay but they had a very bad contemporary art auction. i think people said we have to fix this now. >> it is interesting how he describes the company as

dan loeb's third point disclosing the largest stake, 7.2 million shares, worth $670 million as of the0 open for trade. george soros' fund disclosed more than 4 million shares, as did de shaw, paulson and company 2 million shares, julia robertson, 1 million shares. the list goes on and on. steve cohen and druckenmiller's offices got in on the action as did david tepper and leon cooperman. these filings as of september 30th. even though they did benefit from the first few weeks of alibaba trading it's unclear whether they were able to hold on past the weeks through the stock's 67% rise through the ipo. it goes to show you, jon, when leon cooperman, david tepper, when dan loeb asks for meetings with company management like jack ma, it's not just showmanship. >> makes me wonder given where we are in mid-november now how much of the window dressing effect now takes over. given that those names piled in early on. the stock did so well. is it more likely to hold up through the end of the year since it's one of those stocks alongside arguably apple everybody will want to see outside of the he

dan loeb is there, long-time capital. there is geo-capital from blue ridge, for example. number of hedge funds with fairly large positions perhaps betting on this potential outcome over the future of allergan. >> we heard from dan loeb several weeks ago about his biggest physicians and what he was most excited about, he made no mention of this. >> this is true. i think that larry robbins might be in activis as well. >> he did very good this year. the hedge fund run by john a former julian robertson golden child, i want to say it is a fund of 7 billion dollars or $8 billion, but he's never done any fundraising. don't you love of friends of the family fund? a long-term mostly equity guy. you have got a strong line up there. checked, i do not see glenview among the largest holders of activist. i may have gotten that wrong. in the meantime, i want to bring least theate, at latest information about the fines and penalties that regulators are levying against some of the largest banks over allegations of manipulating the foreign currency market. the office of the comptroller of

dan loeb is also after dow chemical.these active investors have gone after some a different kinds of companies to go after. before, it was yahoo!. >> active investors are going to dupont as well. >> they all ask for the same thing. >> whatever. they just want more money. the dow chemical story, they have got the big natural gas chemical plants they opened up in the middle east, and the thing that bakes the question is, if you're looking for the company to give you money back in the form of a buyback and shrink the actual flows to the companywhat is the doing with that money in terms of research and development? tony want to be the owner of a company building products and doing the things they are supposed to do? >> and a new investor forum today. i'm sure there's good news about a buyback and dividend. to head off those complaints. money in their own accounts, maybe they won't go with dan loeb. as we near the opening bell, bloomberg television is on the markets. a quick check of the futures has settled and we have settle

. >> when somebody like dan loeb approaches the ceo of dow chemical and tells him he should be able tohemical compound in two years, how do you think the board of dow should respond? this is a tricky point -- they have to treat an activist like dan loeb or any activist with respect as they would any other shareholder. the have to listen to what he is saying, they have to do their analysis but then their job is not to roll over. their job is when they disagreed to do what they think is right, not what the activist wants. heardure andrew liviris that piece of advice and might have rolled his eyes but his job is to treat the activist with respect and listen to everything he says and think whether there is a nugget in there that might be good advice. >> fair enough. the midterm elections are tomorrow, do you think most ceos are not focused on that? is not that they are not focused. on a time you turn football game, you will see for ads. everyone is aware of them. at the federal level in this country, probably not much will change for the most significant thing going on at the federal level

avoiding a proxy fight with of this or dan loeb after agreeing to two four independent directors.y have called for dow chemical to focus more on the petrol business. the obama administration is delaying a decision on whether to reduce the amount of ethanol in the nation's fuel supply. proposed to reduce the amount of ethanol for the first time. it angered corn growers who have since lobbied the government to reverse that decision. the wait continues in ferguson, missouri for a grand jury decision whether to charge a police officer that killed a teenager over the summer. the u.s. attorney general, eric holder, is calling for calm. >> i ask those who seek to lend their voice to important causes, seek to elevate these conversations to do so in a way that respects the gravity of their subject matter. peaceful protest has been a legacy of past movements for change. writes michael brown was 18 years old when he was killed by darren wilson following an altercation. brought hugeat drifts into buffalo new york has finally ended. but now there is a looming flooding, and, more roofs collapsi

. >>> meantime, dow chemicals are responding to pressure from dan loeb. on thursday, third point said it would talk and possibly break down. one is saying dow broke promises. in a statement, the deal shows, quote, an understanding lack. >>> ur ba life telling cnbc it was unacquire that one of its board members was charged in a fraud case in brazil in 2008. reuters reported on thursday, pedrosa was among 12 people charged with embezzlement. herbalife says all current and prospective board members are asked about any pending and closed cases over the past decade. cordoza always responded in the neff. >>> down about 21 points. but stim in frankfurt, up 0.5%. >> coming up, a slowdown. >>> welcome back. halliburton and baker hughes in talks to a merger that could reportedly be valued at $20 billion. >>> eurozone gdp picking up slightly more than expected, but italy lingers in recession. >>> world leaders have arrived down under for the g-20 summit. tax evasion and the russian ukraine crisis were set to dominate the agenda. good afternoon, oriole. >> good after

dan loeb. bill miller is number three. then i really do some work. company went public a year ago. run by r.j. kirk. people either like or don't like him. he sold new river fapharmaceut l pharmaceuticals. and clinical data. sold both for billions of dollars. what i liked here, here is a guy who had a lot of money. didn't have to do anything with it. invested 400 million of his own money in this stick, took a 60% stake and on the deal he brought 20% more stock. i start thinking what is this company? it is effectively a dna manufacturing line. a dna assembly line. and he hasn't sold. he doesn't have warrants or any of this other garbage in there. but as the the highly speculative deal in a sense that he's got do deals with bigger companies. >> by the way the stock is ripping as we're talking about. this it is kind of stock you would be running the other direction from it. >> but every now and then. there is a leap of faith. they call it the cult of kirk. people look and say this guy has put together a concept here and a an idea that is remarkable. and what's fascinating. i started to

. ♪ >> david einhorn, dan loeb, larry fink and more.ors gather once a year to rub elbows and share strategies at the robin hood investors conference. billionaire activist carl icahn is perhaps the busiest of them all, stirring up conflict at apple, ebay, dell, and herbalife, to name a few. in this rare on-camera interview, icahn also addressed warren buffett, took jabs at silicon valley, and discussed the unintended consequences of the fed's monetary policy.

when's interesting, too, is the alibaba stake that dan loeb took. 7.2 million shares as of the end ofer and a manager taking a bigger, bigger stake in what's happening with alibaba so that's a theme kind of looking at to see which of the managers is boosting their stakes and big names, especially alibaba. bringing more as the hour progresses here and those are some of the highlights right now. >> they are. thank you, dom. >>> here's a new term. pop-preneurs. is pot something? bringing him back. kevin o'leary would invest in. if he is investing in marijuana. >>> plus, the commissioner of the nba just called for legalized sports gambling. does legendary baseball major joe torre agree? he is now one of the top execs in all of major league baseball. find out his take on that hot issue and more here at the new york stock exchange. just ahead. for access to one of the top wealth management firms in the country... for a team of financial professionals who provide customized solutions... for all of your wealth management and retirement goals, discover how pnc wealth management can help you ac

is dan loeb, let's say, at least saying to you, this is a good pace, or is it not enough? talk to all of our investors, and you know, you obviously mentioned the third point, which is a serious investor and we take all of our investors seriously, and since third point came into our stock, i think they've done very well. our one-year, three-year, and five-year tsi is beating the s&p 500 and the s&p chemicals. we're performing, eight consecutive quarters of year-on-year earnings growth. we are doing very, very well and we said we will continue to do better and we see third point and their interactions with us as a positive. and we have all said that. and our interactions with them are professional, we're engaged, we have dialogue, and we take a lot of things we say, as we do with all of our investors very seriously. >> last question. your kind of buyback, as i understand it, is one that when the stock drops as it did during the ebola period, you're in there, right? this is not some buyback that is just $50,000 a day. you're in there buying large when this stock gets hit. >>

dan loeb's third point which has had some killer performances in recent years, was down about 1.3% for october and is up nearly 5% for the year to date against an s&p that is up nearly 10% through the end of october. hard to say what dragged down lobe given that he invests in credit products and overseas markets but based on the stock picture there were laggards in his portfolio here including anadarko and masco corp based on filings. for tress's macro fund, a high flier having a hard time in 2014. manager mike was buffeted by the painfully close brazilian elections late in the month and the candidate he was betting against won by a thin margin. nonetheless that and another prediction he made on japan at our dlefrg alpha conference seemed to pan out reasonably well in october from what i'm told. >> certainly feel like this is the year the japanese investors are starting to buy their stock market. one of the themes we is have in our portfolio stay long the japan story, stay long topics, dollar/yen. we're buying top picks instead of nikkei because that's what the japanese are buying. >>

>> i would urge the mouse clicking to continue but, paul loeb once said to me those e-mail's petitions to congress are counted but they are also discounted. i would urge that to continue with the constant invitation for people to step through another level land to another level. you said people live busy and people are busy, like american idol. do you know how much time it takes to watch that thing? there is this quote, i am forgetting his name, former president of johns hopkins, a glut of insignificance that engulfs us all, the temptation is understandable to stop thinking. amidst the glut of in significance that he also saw the temptation is understandable to stop thinking. the problem isn't thinking persons cannot shoes but must let others choose for them. to fail to make one make one's own choices is to be terry the freedom that is our society's greatest gift to us all. we have to keep inviting people into another level and then providing them with something powerful so that it is not why did you invite me here? there's nothing going on here. this is jumping, should be when they ge

dan loeb. i'm hearing chatter about that. i think the stock goes significantly higher than it's currently trading, which is about 41.5 right now. >> i'm melissa lee. thank you very much for watching. see you back here tomorrow at 5:00 for more "fast money." meantime, "mad money" with jim cramer starts right now. >>> i mean, i have these two kids who -- jim still does when i see him, he actually puts his arm around me and hugs me every time. and then, she is the greatest. i attribute it to my wife, and that's the way it should be. she was the perfect thing and that's why the kids are as good as they are. they were exposed to her and, my god, you couldn't ask for anything better. lucky, i told you. >>> my mission is simple. to make you money. i'm here to level the playing field for all investors. there's always a bull market somewhere. and i promise to help you find it. "mad money" starts now. >> hey, i'm cramer. welcome to "mad money." welcome to cramerica. other people want to make frebds, i'm just trying to make you a little

money that have been informed in the last three or four years and this company has a big activist, dan loebto respond to him. >> i'm trying to get the tenure total return up here right now. 3.48%. >> and they are being criticized on a number of fronts. they are being criticized on the margins, on their business portfolio. i'm sure they are looking at every single thing. theactivists are saying debate is on the board and they will adopt some of these. >> i got a lot of people saying , saying we go to investment. i'm not sure we do. >> we have pools of capital that are making around, looking at large-cap companies and trying to get them to do one thing or another to enhance shareholder value. if the stock is that cheap and is underperforming, they have to go to -- they are to go private. >> should we just by? >> we are not creating opportunities the way we used to. part of it is structural demographics, which i talk about in my book. >> shameless plug. >> he doesn't miss a beat. it usually.e does i'm very grateful to tom. way wenot growing the expect those above expectations are based on the

less aggressive activism than the kind we see from a poison pen rudderless -- letter writer like dan loebd said, tell me what you guys think about this. he hasn't seen enough forward momentum. >> so he's taking it to the public. theoretically, these conversations have been had. >> almost a certainty, right? >> i would say yes. >> breaking news on marcato and dillards. next up, we are taking it to marrakesh, morocco. ♪ >> innovation and entrepreneurship are the focus today in morocco. conversation the is a singer-songwriter, producer, hip-hop superstar akon , who is investing in africa with his lighting africa project. hans nichols is with him now. take it away. >> we did hear about your twerking off-camera. i don't know if we are allowed to talk about that. we are going to talk about investing. i'm here with akon. are you more of an artist or businessmen these days? >> these days, more of a businessman. >> you want to electrifying a million homes is the goal? >> when we started the idea was to light up a million homes. now we are in 14 countries. likeve surpassed our goal beyond. >> you d

amgen is a tight company and loeb was to break it into the drugs on the market and the drugs coming on market. it is based on central iron -- rmb that used the castle from the drugs on the market to fund the future drugs and it has worked. it is a 200% in the last couple of years. i don't understand why they the wiiocus on companies. i want america to have strong global fires. >> let's stay on sears for a moment. would love to criticize eddie lampert print he knows how to m money but he does not know i to run a retail business. if he had not walked in the door to turn the place around, who should have? >> a retailer that knows what they are doing, someone who can put the place on track that's what you want to have. carl icon took twa into bankruptcy. bill ackman and ron johnson got into real trouble at jcpenney. eddie lempert is not know how to run a retail business. it is a total mess. do you shop at sears? none of my family does. >> i do not. >> when he to get somebody who knows how to run the business. there are some good examples. bob nardelli who knew nothing about retail was taki

." >> house asking dan loeb, who formally put me in my race, who said i sold out of sony for alibaba,of that trade? and you can't really respond to that. it makes a lot of sense. >> tom, you will like this. black friday is a reminder -- days away, and america's biggest retailers are looking to top last year's blowout, which brought 45 million consumers in stores and online. on thanksgiving itself, the horror, and the 92 million more people on black friday, all according to the national retail federation. the founder of coulter of profits, -- of culture of profits, what is going on? we saw a rollback on princess wag. "frozen" s is this an wal-mart's best interest? >> first of all, you have consumers doing very well, but you have desperate retailers who are pushing. >> right. >> last quarter, you had amazon raising prices, and terrible, they lost half a billion dollars, with copies i have done well, target and best buy had lowered their prices, so you are seeing the commoditization of price. >> who is going to win the discount wars? is it amazon? >> it is consumers! >> amazon has a hall

just a few weeks ago, dan loeb, the guy who put marissa mayer in that seat, said you have to give thisot of credit. people are saying yahoo! is not expanding. but how has she kept a ton of dollars in that? she recent figured the tax base as it relates to alibaba's position and was able to hold onto a lot more shares than they thought they would. this has been a win for marissa mayer's. >> if you look at the market value, a couple weeks ago it was trading at a negative market value if used about yahoo! japan and the alibaba stake. now it is looking to be above $6 billion. it is an improvement from where they were a couple weeks ago. >> what kind of tax bill will she have if they have to sell? >> if they sold the shares into the public market like a secondary offering, it would be about a $15 billion bill. that is on a $44 billion stake, about a 35% tax on that state. so she is looking for creative options to substitute for that. one of those is a cash rich split which is what we're seeing a lot with warren buffett and his deals. it requires a lot of involvement from ali baba, which our

months after dan loeb joined the auction of the board, the ceo of sotheby's is stepping down. take a look, shares are up 7.4% in frapg further. investors team to like this move. >>> moving on, rare blue diamond went up for auction at southby's on thursday night. the pear shaped gem went for more than twice what was expected. >> you did you buy it? >> i did, but luckily i sold it back. the diamond was from the estate of a widely regarded u.s. philanthropist, art collector and gardner. the jewel has been described as potentially flawless. it's very nice. >> it is stunning. i wouldn't mind one. >> $32 million is quite a lot. >> too much, actually. >> too much. >>> moving on -- >>> the retail earnings bandwagon continues. gap is cutting its full year outlook of sales at its main brand continues to fall. demand for cheaper clothes at old navy is slowing. the retailer is shaking up management at the gap and banana republic chains. gap is down about 3.5% in frankfurt. >>> moving on, game stop's third quarter results fell well below analyst forecasts. the retailer blames the release o

the company is being pushed hard by hedge fund manager dan loeb.ogramming note here, dow ceo andrew liveris will be jim cramer's guest live tonight on "mad money," 6:00 p.m. eastern. an interview none of us want to miss. >> thank you very much. when we return, royal caribbean launching its first smart ship with robot bartenders and virtual balconies. we'll be live on the deck of the new ship with an interview with royal caribbean's chairman and ceo richard fain. simon has that when "squawk on the street" continues. female narrator: it's posturepedic versus beautyrest it's posturepedic versus beautyrest with up to $400 off. serta icomfort and tempur-pedic go head-to-head with three years' interest-free financing. mattress price wars are on now at sleep train. ♪ your ticket to a better night's sleep ♪ >>> with everything from bionic bartenders to virtual balconies, the quantum of the seas is being the called the world's first smart ship. our simon hobbs is on board, joined by royal caribbean's chairman and ceo richard fain. >> good morning. welcome t

icahn, ackman, loeb. why activist investors are more popular than ever.irst, take a look at cnbc.com's most clicked on story and how they performed yesterday. ading dock. ♪ there should be a truck leaving now. i got it. now jump off the bridge. what? in 3...2...1... are you kidding me? go. right on time. right now, over 20,000 trains are running reliably. we call that predictable. thrillingly predictable. e financial noise financial noise financial noise financial noise get to the terminal across town. are all the green lights you? no. it's called grid iq. the 4:51 is leaving at 4:51. ♪ they cut the power. it'll fix itself. power's back on. quick thinking traffic lights and self correcting power grids make the world predictable. thrillingly predictable. world and we are just living in it. she's plastered on the covers of two major magazines. business week's feature says taylor swift is the music industry. and they got an exclusive interview with the star. how is the 24-year-old music mogul changing the industry for the next crop? and is her music sustaina

it's been about a year since activist investors including dan loeb began naming investor at the auction house. john tagg, the activist investor had been pushing towards a different county.. but tagg had the backing of carl icahn. >>> and autodesk switched to a cloud-based subscription model. >>> and gap falls short of expected earnings. >>> banana republic may do well at any point, navy may do well, gap may do well, but they never seem to do well at the same time. >> have you been to gap in a while? >> i'm going to go to the mall today because every bone in my body hurts from running. my head hurt, my right heel hurts. i have to run today because i'm just so -- >> let me show you, this much stretch. >> thanksgiving is coming. christmas is coming. we just had halloween. let's check on the markets this morning. i was kidding about as the sun comes up every central bank sort of eases and stuff. with draghi today, he's not a drag on the markets. he's helping. and now caruso cabrera is here to tell us about china. it doesn't matter what our economies do, look what the dow does. santa claus r

"swoon" doesn't have as its core a desire to locate leopold and loeb as victims or as heroes.rious positions in society. and i think at the heart, a lot of movies in hollywood do have an extremely strong and unself-critical promotion of family values, et cetera. (tom kalin) and i think "swoon" wants to interrupt that and recognize that the audience is more complicated and diverse than it's been constituted by mainstream film. using "new queer" cinema as a banner in which to market films has its pluses, obviously because films get more press, they get a movement. but on the other hand, i think it's a great disservice to a film like "swoon," which i think, certainly, transcends issues of sexuality and gender into much broader, stronger ideas of desire and passion. where was i? (judge) you were discussing their pathology. (attorney) your honor, if the defense is proposing these murders -- (christine vachon) i don't think we are saying, "oh, there's absolutely no way we'd ever work within a hollywood system or whatever" but i do thi there's certain fundamental things. i mean, ulti