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and so the interesting thing about the whole lien bold and loeb -- leopold and loeb trial which is trying to save these boys, these young men from being killed themselves is how darrow had to not make -- to both -- the reason why they did this is because nietzsche is toxic and a dangerous thinker, and they mess understood him. -- misunderstood him. and yet nietzsche is an important thinker that we need to have in life, but we need to handle him with care. something like that, the leopold and loeb trial, you see the negotiations where nietzsche is both, you know, public enemy number one as we see with the murder, but we also see clarence darrow saying, no, nietzsche is the thinker that we americans need in order to embrace modern life. >> host: political movements that have co-opted nietzsche. >> guest: oh, so many. [laughter] i think the one that, i mean, really, the whole 20th century is a story of co-opation. i think the one that surprises my readers the most or at least when i get letters from readers or come into contact with readers, it's the hidden origins of black power. so huey p.
and so the interesting thing about the whole lien bold and loeb -- leopold and loeb trial which is trying to save these boys, these young men from being killed themselves is how darrow had to not make -- to both -- the reason why they did this is because nietzsche is toxic and a dangerous thinker, and they mess understood him. -- misunderstood him. and yet nietzsche is an important thinker that we need to have in life, but we need to handle him with care. something like that, the leopold and...
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Dec 9, 2015
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, according to loeb, pornography. loeb says he was beaten by burke and more than a dozen police officers at his home in smithtown and also at a police station following his arrest. offices, very soon, later this morning, we expect to see james burke being led out through those doors. he'll be going to the federal courthouse later this morning. back to you. >> all right. katherine creag in melville. kat, thank you. >>> meanwhile, two high-ranking nypd officers are finding the law. the queens da charges robert sung and yatyu yam with taking nightclubs. prosecutors say the officers warned the clubs about planned drug raids and got some suspects released. both officers are assigned to the 109th precinct in flushing. >>> and new this morning, a new york city schoolteacher faces charges for giving a young girl alcohol. police say 54-year-old dean bethea took a 16-year-old former student to the metropolitan museum of art. while there, he allegedly gave her alcohol, asked to kiss her. the girl refused. he is a ninth grade eng
, according to loeb, pornography. loeb says he was beaten by burke and more than a dozen police officers at his home in smithtown and also at a police station following his arrest. offices, very soon, later this morning, we expect to see james burke being led out through those doors. he'll be going to the federal courthouse later this morning. back to you. >> all right. katherine creag in melville. kat, thank you. >>> meanwhile, two high-ranking nypd officers are finding the law....
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that is where loeb alleges that he was beaten up. also at a precinct. back to you. >> kat, thank you. >>> 4:34 right now. time to check on weather and traffic on the 4s. this is where we start to go on the upswing? >> yeah, we turn the corner towards those milder tmpb er er temperatures again. it's chilly this morning. the city not bad, close to 40. a mixed bag of sun and clouds throughout the day. milder 50s by the afternoon. maybe a couple sprinkles tonight. we're starting out at 41 in town. getting milder throughout the day today. around 50 at noon. 53 the high by 3:00. still near 50 even into the evening hours. forecast in a little bit. she's looking at the roads and rails, here's lauren. >> good morning, everyone. if you're getting on the subways, overnight track work still on these lines. you'll see delays and service changes. speaking of delays, a live look at the george washington bridge right now where they have road work out there. right now nothing moving along the inbound upper level span. that should be wrapped up shortly. in the meantime,
that is where loeb alleges that he was beaten up. also at a precinct. back to you. >> kat, thank you. >>> 4:34 right now. time to check on weather and traffic on the 4s. this is where we start to go on the upswing? >> yeah, we turn the corner towards those milder tmpb er er temperatures again. it's chilly this morning. the city not bad, close to 40. a mixed bag of sun and clouds throughout the day. milder 50s by the afternoon. maybe a couple sprinkles tonight. we're...
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loeb is after here. he succeeded in getting two board members, if you will, who both came out strongly in favor of the deal, one of whom fired back at mr. loeb. i did ask about whether he would take over the materials company. remember these two companies will get together. then it will be 18 to 24 months later. it is more or less indicating no. now i'm hearing, jim, from people close to the board that the answer is definitively no. this is hit for andrew, he will go off and pursue other things in his life. he will not run materials. we'll see, they don't seem to know who will run the companies. as for the motivations here, other than getting us to mention his name and note that he was involved somehow, perhaps in helping move this along, is it a coincidence? >> it is not clear to me, he doesn't like him and they don't like each other, and he is happy to tweak him when he can. >> he said it was laughable that this had anything to do with the trance -- >> and that was one of the gregters put up by -- >> s
loeb is after here. he succeeded in getting two board members, if you will, who both came out strongly in favor of the deal, one of whom fired back at mr. loeb. i did ask about whether he would take over the materials company. remember these two companies will get together. then it will be 18 to 24 months later. it is more or less indicating no. now i'm hearing, jim, from people close to the board that the answer is definitively no. this is hit for andrew, he will go off and pursue other things...
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loeb supports this deal and he sent dow a letter on saturday. he wonders whether this was rushed before the expiration of a stand still agreement that would bar him from speaking publicly. dow's board fully supports the merger. >>> now the board of ten year energy has voted to replace ceo suki. "the wall street journal" reports the board made the change after re-evaluating suki's plans to expand beyond the business. he will be replaced by neil shear. in a statement icahn says he fully supports cheniere's board. >>> we have a victory on worldwide exchange because carolyn has agreed to watch the first "star wars" movie ever. >> i have. >> ever. >> thank you, husband. >>> still to come on the program, "the force will awaken" tonight when the force premiers in the united states. does the movie have what it takes to challenge hollywood's biggest blockbusters? we'll get more from los angeles right after this. these are the headlines. fed in focus. european markets brush off an ugly session in asia. >>> donald trump retakes the top spot in a new poll,
loeb supports this deal and he sent dow a letter on saturday. he wonders whether this was rushed before the expiration of a stand still agreement that would bar him from speaking publicly. dow's board fully supports the merger. >>> now the board of ten year energy has voted to replace ceo suki. "the wall street journal" reports the board made the change after re-evaluating suki's plans to expand beyond the business. he will be replaced by neil shear. in a statement icahn says...
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this is loeb's attorney. >> somebody has to say obviously we're not doing that, right? you know, we'll cover up a beating for you, but a hotshot, you know, we don't know. >> you're talking about a man who is a two-time convicted felon who did not make one allegation that day that >> reporter: but new allegations kept coming. one that he brazenly sent a group text to 10 other cops asking them to cover. also that somehow burke had access to secret grand jury deliberations in the case. and so the judge denied bail altogether saying he thinks the corruption of an entire department by burke is shocking. as for burke, there is more. you see, when loeb broke into burke's car he had stolen a duffle bag. >> there was porn in the bag and there was sex toins bag. >> we're looking forward to clearing his name at a future day. >> reporter: making for a messy trial set to start after burke's next court date in january. stacy sager, channel 7 eyewitness news. >>> okay, right now we want to take you back to that breaking news in staten island. we showed you video earlier. these are liv
this is loeb's attorney. >> somebody has to say obviously we're not doing that, right? you know, we'll cover up a beating for you, but a hotshot, you know, we don't know. >> you're talking about a man who is a two-time convicted felon who did not make one allegation that day that >> reporter: but new allegations kept coming. one that he brazenly sent a group text to 10 other cops asking them to cover. also that somehow burke had access to secret grand jury deliberations in the...
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loeb alleges he was beaten by several police officers including burke following his arrest. >>> right now part of the saw mill river parkway is shut down. this is ten hours after a wild chase ended with sapt shot dead. we are hearing frantic moments ida siegal has a listen to some of the radio transmissions. ida? >> reporter: as you may expect, the voices of the officers reveal tension as they announce that shots have been fired. this after a routine traffic stop turned in to a deadly confrontation. take a listen. >> shots fired, shots fired! >> we're in the woods. we're in the woods. >> reporter: nypd officers got on their radios moments after another officer shot and killed a man who had let them on a wild chase from the bronx to yonkers. >> the perp's in custody. >> reporter: police say it started here on 242nd street and broadway in the bronx with a routine traffic stop, but the driver of the silver nissan sports car kept going, prompting police to follow. alarming local businesses on the block. >> saw just a lot of police cars going real fast, down by broadway. >> reporter: the n
loeb alleges he was beaten by several police officers including burke following his arrest. >>> right now part of the saw mill river parkway is shut down. this is ten hours after a wild chase ended with sapt shot dead. we are hearing frantic moments ida siegal has a listen to some of the radio transmissions. ida? >> reporter: as you may expect, the voices of the officers reveal tension as they announce that shots have been fired. this after a routine traffic stop turned in to a...
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and the lawyer for james burke has called loeb's story simply untrue. >> a fabrication of a two-time felon. >> reporter: christopher l oeb's mom sat with christopher as his mom spoke out. geny le oeb hasn't given up on the justice system. >> this chief of police will serve his time and now he'll see how it feels on the inside. >> now the u.s. attorney refused comment when we called to ask if the office would be examining the howl case. as for the burke case, tomorrow a group of suffolk county legislators will demand a federal monitor for their county's police department. we're live in uniondale tonight, greg cergol, news 4 new york. >> greg, thank you. >>> 4 investigates was first to report on the city's new plan to people living in homeless shelters. but does the city plan to force the homeless to learn job skills or is it optional? it is a question our melissa russo has been trying to get answered since last week. she is here with more. >> mayor bill de blasio back tracked who told me last week that job training would be required for as many as half of shelter residents who are abl
and the lawyer for james burke has called loeb's story simply untrue. >> a fabrication of a two-time felon. >> reporter: christopher l oeb's mom sat with christopher as his mom spoke out. geny le oeb hasn't given up on the justice system. >> this chief of police will serve his time and now he'll see how it feels on the inside. >> now the u.s. attorney refused comment when we called to ask if the office would be examining the howl case. as for the burke case, tomorrow a...
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loeb is in favor of the deal. >>> a volatile morning narngts.ean which manages $4.5 billion. lot of investors are worried. are you? >> i'm nervous in the short term. unintended consequences of what we're seeing in the credit markets kind of like what we saw in august where spread widen, investors get nervous. what happens is because they get nervous, in one market equity markets get hit because so many people are leveraged on the equity side or trying to get more liquidity which means you sell your winners and that goes right across the board. that for the short term and head wind of what will the fed do. on wednesday all this adds to a big combustion. >> let's talk about what's happening in the credit market. where you see one cockroach in an area there's plenty of others hiding. are there more issues? >> especially if you look at energy commodities, issues there. price have come down. coverage is not there any more. i do think that will spread to a couple of other sectors he as you see highly indebted company that can't go the markets and if t
loeb is in favor of the deal. >>> a volatile morning narngts.ean which manages $4.5 billion. lot of investors are worried. are you? >> i'm nervous in the short term. unintended consequences of what we're seeing in the credit markets kind of like what we saw in august where spread widen, investors get nervous. what happens is because they get nervous, in one market equity markets get hit because so many people are leveraged on the equity side or trying to get more liquidity which...
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but there were -- >> burke then threatened to kill loeb, and then loeb went public. used to run the department, now under arrest, out on bail, by the way. >> well, the mta is cracking town on drinking ahead of the santa-con this weekend. and by the way, if you're in costume or, by the way, if you're not be even in costume, you will not be able to drink along the long island railroad or metro north. not on the trains, nor in the stations. the event begins friday night at 11 -- >> we are totally going. we're going to pregame, but we're not going to -- >> do it on the rails. >> your house or my house? >> i was about to say, where are we going? >> i can't feel a santa suit in public if i'm not feeling encouragement, if you know what i mean. >> yeah. the police will be enforcing the restriction and to make sure greg behaves. [laughter] >> all right. remember that guy, jimmy mcmillan, he would show up -- he wore these crazy gloves. there he is. he's run for, like, 16 offices over the past 20 or so years. he's officially, according to him, retiring from politics. >> say it
but there were -- >> burke then threatened to kill loeb, and then loeb went public. used to run the department, now under arrest, out on bail, by the way. >> well, the mta is cracking town on drinking ahead of the santa-con this weekend. and by the way, if you're in costume or, by the way, if you're not be even in costume, you will not be able to drink along the long island railroad or metro north. not on the trains, nor in the stations. the event begins friday night at 11 --...
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loeb is questioning whether the deal was rushed. the third point does hold. thank you very much., are 9000 job cuts what yahoo! needs to bounce back? three fourth of its total number of workers coming up next. ♪ david: welcome back. with stocks fluctuating near two-month lows, abigail joins us live from nasdaq with the latest. is the biglatility story with the nasdaq up slightly earlier and then actually down 1%. we are down modestly. this has left them nasdaq composite index below its 200 day moving average. it may prove to be a bearish signal. at the very least, it probably signals we are likely to see even more volatility ahead of the fed or around the fed. a piece of that today is apple. waiting.he biggest shares are down. saying the apple supply chain is showing signs of weakness and this could weigh on fiscal second-quarter estimates causing them to come down. it represents one side of a tug-of-war on apple in the second half of the year. some analysts are talking about a strong holiday and good demand. others are talking about a weaker demand through supply chain companies
loeb is questioning whether the deal was rushed. the third point does hold. thank you very much., are 9000 job cuts what yahoo! needs to bounce back? three fourth of its total number of workers coming up next. ♪ david: welcome back. with stocks fluctuating near two-month lows, abigail joins us live from nasdaq with the latest. is the biglatility story with the nasdaq up slightly earlier and then actually down 1%. we are down modestly. this has left them nasdaq composite index below its 200...
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. >> reporter: amy marion says it's essential no different from the case of christopher loeb who claims he was beaten in police custody by none other than james burke, the chief of the suffolk county police department. burke was arrested on federal charges and is being held without bail. >> if the police can beat me and kyle, they can beat anyone. >> reporter: loeb insists that his case and the case of kyle howell are examples of police brutality that local prosecutors are unable to attorney william petrillo who defended officer logiudice says a federal investigation of his client is unlikely because of kyle howell's own admissions at trial. >> he knew the entire time that what he was doing would cause them to believe that he had a weapon or had reached for a weapon and concealed one and despite that, and despite continued commands to stop, continued in that conduct. >> reporter: he says a federal prosecution, even if it were mounted, would be unsuccessful. a spokesman for the u.s. attorney's office for the eastern district of new york which has jurisdiction here declined to comment ton
. >> reporter: amy marion says it's essential no different from the case of christopher loeb who claims he was beaten in police custody by none other than james burke, the chief of the suffolk county police department. burke was arrested on federal charges and is being held without bail. >> if the police can beat me and kyle, they can beat anyone. >> reporter: loeb insists that his case and the case of kyle howell are examples of police brutality that local prosecutors are...
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loeb, founder of the hedge fund does support the deal.ng whether the to be the expiry of the deal. sphere,the tech fairchild semiconductor has thaned $20 is better $21.70. the firm is staying with the lower price or share bid rather than from an unnamed suitor. 2.76%.ld down been ang that may have concern, the higher bit is said to be from a consortium of chinese biters -- chinese buyers. should near energy is down on the order of 3.5%. the company ousted its cofounder and ceo just two years after he became the highest paid chief executive in the country. some investors are not so happy. a former morgan stanley banker will take over on an interim basis, but the ouster was backed largesticahn, the shareholder. this story blew my mind when i saw the headlines last night. scarlet: canadian pacific railway has some room to restructure its offer for norfolk southern. alix: nor folk, which rejected the proposal has engaged in negotiation. --erik: you guys are working as a team? guest: that is more pershing square's decision. i'm not privy to th
loeb, founder of the hedge fund does support the deal.ng whether the to be the expiry of the deal. sphere,the tech fairchild semiconductor has thaned $20 is better $21.70. the firm is staying with the lower price or share bid rather than from an unnamed suitor. 2.76%.ld down been ang that may have concern, the higher bit is said to be from a consortium of chinese biters -- chinese buyers. should near energy is down on the order of 3.5%. the company ousted its cofounder and ceo just two years...
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. >> people like dan loeb, is dan loeb on the board? liz: he was the original guy who brought marissa mayer in, threw a fit, got rid of the other ceo who lied on the resume, and in comes another one because they saw they could manipulate them. >> i like -- dan is a friend of mine, full disclosure. i like carl, i respect nelson peltz, but comes a point in time where the activists get in there, corporate ceos if they have any back bone just say take a hike, pal. that's some of the problems with the activists when they put in the ceo, they're beholden to the activists and worried about activism all the time. i can't imagine steve jobs would allow him to spend cash as opposed to tim cook. liz: they listen but they don't -- >> it's out the door, this is my company, i run it. liz: since she took over in 2012. >> we have to point out. they didn't do the spin-off. it was telegraphed last week by recode. she said two things, brilliant reporter when it comes to technology, if you want to know about tech, you got to follow caraswisher. number one
. >> people like dan loeb, is dan loeb on the board? liz: he was the original guy who brought marissa mayer in, threw a fit, got rid of the other ceo who lied on the resume, and in comes another one because they saw they could manipulate them. >> i like -- dan is a friend of mine, full disclosure. i like carl, i respect nelson peltz, but comes a point in time where the activists get in there, corporate ceos if they have any back bone just say take a hike, pal. that's some of the...
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prosecutors say that he violated the rights of christopher loeb that is the man suspected of breaking into his department-issued suv back in 2012. he is also charged with to cover up the alleged punching and kicking of that suspect inside a police station. >> no one is above the law. not an ordinary citizen, and certainly not the highest ranking uniformed officer in the suffolk county police dertment. >> we vigorously deny that there was, is, or ever has been a cover-up. >> there is a bail hearing set for friday. if convicted, james burke faces more than six years behind bars. >>> and new information tonight about the husband and wife killers who carried off that san bernardino massacre. law enforcement sources tell nbc news syed farook may h e been planning an attack on a california target for three years. investigators also say farook and tashfeen malik were radicalized long before the rise of isis, but may have been inspired by the group's propaganda. >> they were actually radicalized before they started courting or dating each other online. and online, as late -- as early as the e
prosecutors say that he violated the rights of christopher loeb that is the man suspected of breaking into his department-issued suv back in 2012. he is also charged with to cover up the alleged punching and kicking of that suspect inside a police station. >> no one is above the law. not an ordinary citizen, and certainly not the highest ranking uniformed officer in the suffolk county police dertment. >> we vigorously deny that there was, is, or ever has been a cover-up. >>...
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he says that loeb says liver is should not have a role in the company. new york hedge fund was to meyer --orrison marissa mayer at yahoo!. david? david: in today's global go, we focus on rbs, in an exclusive interview with ceo ross mcewan. the company will return to profit in four years. ross: we have another year, 2016. when i took over we were in 57 countries. we are going to be back to somewhere around 13 or 14 countries. manus cranny joins us from london. congratulations. put the restructure plan in context for us. manus: when you look at rbs, you -- he wants to create a u.k. bank bailed out by the u.k. why not just get rid of it and be that u.k. domestic bank that everybody is screaming for? he said we have strategic strength in debt capital markets. corporate investment bank, the shape of that investment bank, is what he is really focused on. that is why he says it will take another couple of years to get there. put this in context. if not for being president, 37 ceo that -- this is a is ahead of the game in terms of selling those assets. he says h
he says that loeb says liver is should not have a role in the company. new york hedge fund was to meyer --orrison marissa mayer at yahoo!. david? david: in today's global go, we focus on rbs, in an exclusive interview with ceo ross mcewan. the company will return to profit in four years. ross: we have another year, 2016. when i took over we were in 57 countries. we are going to be back to somewhere around 13 or 14 countries. manus cranny joins us from london. congratulations. put the...
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. >>> activist investor daniel loeb is questioning the timing of the tie-up between dow chemical and dupont. and he has called for dow to remove its ceo andrew liveris. that's according to the "wall street journal." dow has come out in defense of liveris and the deal calling it a win for all shareholders. under the terms of the merger, liveris will be named executive chairman of the combined company. shares fell nearly 4% on the news. >>> dell is looking to sell its tech outsourcing business per roe systems for 5 billion. the move reportedly to help raise money to lighten dell's debt load when it completes its $67 billion buy. the storage company emc. some estimates have dell borrowing as much as 50 billion to buy emc. >>> norfolk southern is rejecting canadian pacific's revised $30 billion bid for the railroad. norfolk calling the bid grossly inadequate. and that nothing in the revised proposal addresses the concerns of the norfolk southern board. shares of both rails were slightly lower on the day. >>> when you think of december, you think of this. but when it's warm like this it s
. >>> activist investor daniel loeb is questioning the timing of the tie-up between dow chemical and dupont. and he has called for dow to remove its ceo andrew liveris. that's according to the "wall street journal." dow has come out in defense of liveris and the deal calling it a win for all shareholders. under the terms of the merger, liveris will be named executive chairman of the combined company. shares fell nearly 4% on the news. >>> dell is looking to sell its...
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this after the news came out that daniel loeb wants the down company ceo removed.l be right back. talking about what young women think about hillary clinton. ♪ trish: for women of a certain generation, the thought of a first female president is expressively exciting. hillary clinton's most avid supporters are college educated women in their 50s and 60s. what about their daughters? what about their granddaughters? apparently they do not shares bob's excitement. 38% said they support hillary clinton in the democratic primary. trailing bernie sanders that is getting 40% of their support. hashing out this generational divide. good to have you here, heather. what do you attribute this? how is it that older women, as i mentioned, my mom's generation. very much behind the female president. younger women do not seem to be caught up that much? >> you are right. a link to hillary clinton's run. they see it as an inevitability that a woman would one day be a leg to the white house. they do not see hillary clinton as a unique opportunity. essentially, i think this boils down t
this after the news came out that daniel loeb wants the down company ceo removed.l be right back. talking about what young women think about hillary clinton. ♪ trish: for women of a certain generation, the thought of a first female president is expressively exciting. hillary clinton's most avid supporters are college educated women in their 50s and 60s. what about their daughters? what about their granddaughters? apparently they do not shares bob's excitement. 38% said they support hillary...
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host: what do you think nikki loeb, your former boss, with thought -- would have thought about this racee would've called up happy canada and try to get them buchananhe race--pat and tried to get him back into the race. [laughter] a lot of the media coverage is being sucked up by donald trump, which is too bad. i can see why mrs. clinton was hammering on him last night. good to divide republicans and divide christian and muslim communities, but she tile for the great general election. host: thank you, very much. merry christmas. guest: merry christmas, steve. >> on the next washington reveals bob cusack highlights from 2015. jeffrey smith, who served a year in prison for campaign fraud in for, offers solutions recidivism and to improve conditions for inmates. join the conversation on facebook and twitter. live atton journal" 7:00 a.m. on c-span. all persons having been us before the honorable the supreme court of the united states are admonished to draw and give their attention. >> monday on "land marquesas" we look at the case of one of the before theve issues supreme court, abortion. >
host: what do you think nikki loeb, your former boss, with thought -- would have thought about this racee would've called up happy canada and try to get them buchananhe race--pat and tried to get him back into the race. [laughter] a lot of the media coverage is being sucked up by donald trump, which is too bad. i can see why mrs. clinton was hammering on him last night. good to divide republicans and divide christian and muslim communities, but she tile for the great general election. host:...
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the feds arrested james burke last week, accused of beating up loeb for breaking into his suv and forcing officers to cover it up. >> if you think it can't only happen to someone else's son, you're wrong. if the police can beat me and kyle, they can beat anyone. dari: burke has pleaded not guilty. if convicted, he could face more than five years behind bars. steve: a disabled teen recovering from severe burns that were allegedly caused by a bully. dari: this is awful. the victim's mother says the bully's family tried to cover up the attack. jessica has more on that story. >> reporter: 13-year-old de de-andre remains in the hospital he was set on fire by a bully. >> he just wants friends. he's like okay, not thinking of the worst, that this could happen. >> reporter: the horrific act took place december 2nd at the 13-year-old suspect's home. his mother says the teen sprayed cologne on her disabled son and lit a match. >> my son is handicapped. he can't run. he walks with a limp. when he tried to leave and grab the doorknob to the boy's room, he lit the match the second time. that's when it
the feds arrested james burke last week, accused of beating up loeb for breaking into his suv and forcing officers to cover it up. >> if you think it can't only happen to someone else's son, you're wrong. if the police can beat me and kyle, they can beat anyone. dari: burke has pleaded not guilty. if convicted, he could face more than five years behind bars. steve: a disabled teen recovering from severe burns that were allegedly caused by a bully. dari: this is awful. the victim's mother...
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Dec 11, 2015
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thinks danbloomberg loeb has made almost 150 million bucks on this merger. it was december 13 that his hush order expires, and i am saying that the timing is not a coincidence. jason miner, are there really sizable roadblocks that could stand in the way of the deal going through? ison: iraq my brains -- wracked my brains. it comes down to the regulatory front. .ou may have pushed back perhaps even subsequent to the deal there will be push back on g fronts. -- on the a worrying about changing concentration if you are bundling things like seeds and crop chemicals, which will come from these two businesses. they really are pretty minimal. what you are going to need to do is look at the merger agreement, and get a sense of whether the executive see the risk. if there is a big breakup fee, the expectation is you will not see risk. if the breakup fees are low, one begins to wonder, maybe they are concerned. reading the document will give us a lot of color as to how executives and advisers are thinking. stephanie: we will be speaking and eddrew leverett breen. jaso
thinks danbloomberg loeb has made almost 150 million bucks on this merger. it was december 13 that his hush order expires, and i am saying that the timing is not a coincidence. jason miner, are there really sizable roadblocks that could stand in the way of the deal going through? ison: iraq my brains -- wracked my brains. it comes down to the regulatory front. .ou may have pushed back perhaps even subsequent to the deal there will be push back on g fronts. -- on the a worrying about changing...
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Dec 15, 2015
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dow's thorn was daniel loeb, demanding that the company sack ceo andrew, but on the other side anotherivist investor is happy with the merger of equals. >> not just the merger of equals, they're going to break the company up after. this activist investor is nelson peltz. he pushed for a breakup of dupont and demanded board seats under ceo ellen coleman. rejected by shareholders. mostly index funds, average shareholders, the individuals, the hedge funds voted for him but couldn't beat out overweighting to index funds so he lost. ironically, ellen coleman is blown out in october as ceo, she retired. people say she was prodded out because of poor performance. john breen comes in. liz: ed. >> i'm sorry, ed breen comes in, does the merger and announces a huge breakup. what we understand is that peltz is not advocating for major changes. he likes current management. he is not asking for board seat as of now, and unlikely he will ask for a board seat according to sources close to mr. peltz. we should point out that a spokesman declined to comment as did dupont spokesman. activists are fickle.
dow's thorn was daniel loeb, demanding that the company sack ceo andrew, but on the other side anotherivist investor is happy with the merger of equals. >> not just the merger of equals, they're going to break the company up after. this activist investor is nelson peltz. he pushed for a breakup of dupont and demanded board seats under ceo ellen coleman. rejected by shareholders. mostly index funds, average shareholders, the individuals, the hedge funds voted for him but couldn't beat out...
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Dec 11, 2015
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ed, dupont was harangued by nelson peltz, andrew, you had daniel loeb on dow's back.they may have lost the initial battle, but you say shareholders have won regardless, but that criticism is dupont founded -- and i was looking back in the history -- dupont was founded in 1802, dow in 1897. some would say, at least critics, that you guys have succumbed to short termism to satisfy activists versus long-term, steady success your companies have managed for, or what, a combined 335 years. what do you say to that, andrew? >> okay, i'll give first given you asked me. i think the history is one thing. i think it's been widely reported that we at dow have seen this complementarity for a decade. actually, the deal today is even better than the one we thought about nine or ten years ago. liz, the two companies both have strong franchises. we've been building dow up to have a low-cost position and an innovation engine. you visited our labs in philadelphia. you saw the innovation engine. dupont has that as well. but we have multiple businesses each. so now how do we get together,
ed, dupont was harangued by nelson peltz, andrew, you had daniel loeb on dow's back.they may have lost the initial battle, but you say shareholders have won regardless, but that criticism is dupont founded -- and i was looking back in the history -- dupont was founded in 1802, dow in 1897. some would say, at least critics, that you guys have succumbed to short termism to satisfy activists versus long-term, steady success your companies have managed for, or what, a combined 335 years. what do...
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Dec 14, 2015
12/15
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it looks like dan loeb does not want that to happen. a lot of pressure.why we're seeing so much pressure on both stocks. >> while he remains in favor of the deal, the market may be trading today as if it perceives that he's not, when, in fact, the reports say there is. >> he's in favor of the deal. >> he just wants somebody out in all ways, shapes and forms. i'm told it's a matter of when, not if, mr. liveris leaves entirely that you're looking at late 2016 to early to mid-2017. >> the most interesting thing about it -- >> which is the kind of area you'd -- >> most interesting thing about it, isn't it mr. liveris who has been trying to get this deal done? now once they finally look like they're going to get this deal done, now they want to throw him out. >> all right, there's a look at both stocks today. we're still moments away from president obama's statement from the pentagon. we'll take you there as soon as it begins. with passion.lt my business but i keep it growing by making every dollar count. that's why i have the spark cash card from capital one.
it looks like dan loeb does not want that to happen. a lot of pressure.why we're seeing so much pressure on both stocks. >> while he remains in favor of the deal, the market may be trading today as if it perceives that he's not, when, in fact, the reports say there is. >> he's in favor of the deal. >> he just wants somebody out in all ways, shapes and forms. i'm told it's a matter of when, not if, mr. liveris leaves entirely that you're looking at late 2016 to early to...
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Dec 29, 2015
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repeats. 32 years ago, guy named ed muskey pulled up in front of the union leader and said william loeb a liar and he didn't walk, he crawled. i'm trying to figure out, just ask the guy in the studio whether a lowlife is better than a crawler or a walker and how he gets around. >> so you're not backing down from what you published earlier this week, that's for sure, but what i want to ask you is what type of impact you are actually seeing it have on new hampshire's republicans. you called on them not to vote for trump. as you know he's got a lot of support in your state. he is leading in the polls handily. are you actually seeing what you wrote have an effect at this point? >> well, as i know -- i don't know what mr. trump's support is in our state or nationally, for that matter. i think the polls are pretty much bunk and are name recognition, not real substance. it's a crowded field and i think iowa and new hampshire and south carolina are going to win over the field and all this poll business is going to be history, past history. as far as the reaction in the state of new hampshire to
repeats. 32 years ago, guy named ed muskey pulled up in front of the union leader and said william loeb a liar and he didn't walk, he crawled. i'm trying to figure out, just ask the guy in the studio whether a lowlife is better than a crawler or a walker and how he gets around. >> so you're not backing down from what you published earlier this week, that's for sure, but what i want to ask you is what type of impact you are actually seeing it have on new hampshire's republicans. you called...
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Dec 14, 2015
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greg: lisa loeb. singer with the glasses. go back outside if we can. >> it is (coffee being poured into a cup.) save your coffee from the artificial stuff. switch to truvia. i get out of workpand i go to the store, and somebody' s,psmellin' around, "mmm! i smell cookies." i say, "oh no, you just smell me. i just got out of work. that' s honey bunches of oats, that' s all." i say "don' t eat me now." no way. savor an egg mcmuffin any time you like. a fresh cracked egg, canadian bacon and an english muffin with real butter. mcdonald's all day breakfast menu. greg: santacon in the club at that is rosanna, and yes, me. rosanna: we were high on life. stone cold sober. i think that is an only way to handle santacon. the others around us, well, you know. greg: there was a tequila shot. rosanna: that was an eye opener. greg: it is not just about walking around and crawling on the sidewalks. you can go inside of the clubs and dance. rosanna: did you bring a can to food? greg: there is a charity angle to it. i didn't see too much of th
greg: lisa loeb. singer with the glasses. go back outside if we can. >> it is (coffee being poured into a cup.) save your coffee from the artificial stuff. switch to truvia. i get out of workpand i go to the store, and somebody' s,psmellin' around, "mmm! i smell cookies." i say, "oh no, you just smell me. i just got out of work. that' s honey bunches of oats, that' s all." i say "don' t eat me now." no way. savor an egg mcmuffin any time you like. a fresh...
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Dec 14, 2015
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have destructors and then you have 3g and you sit there in the middle and you look up and you see loeb: that's right. >> if you think about dupont and dow, pressure again, did andrew do what he did because of the pressure of loeb? was it long-term? my view is it's been long-term. andrew has always wanted to do something with dow and dupont. they're splitting into three. that's going to be a model, that's being split. so you're going to see more companies with more focus driven by this new normal of low growth, you have very little room to maneuver. when you evaluate an acquisition, you tax them, if it's more on the premium, small on the premium, lousy deal. you look and say they came -- [laughter] >> that's the key. you make it by growing the top line not just by focusing on the bottom, the cost. >> maria: story of commodities has been the story underneath it all, the collapse in prices. >> you would think of prices, it's going to be greater, opec refuses to cut production. the saudis are taking a loot of -- a lot of pressure as well. many funds around the world. >> maria: oil goes dow
have destructors and then you have 3g and you sit there in the middle and you look up and you see loeb: that's right. >> if you think about dupont and dow, pressure again, did andrew do what he did because of the pressure of loeb? was it long-term? my view is it's been long-term. andrew has always wanted to do something with dow and dupont. they're splitting into three. that's going to be a model, that's being split. so you're going to see more companies with more focus driven by this new...
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Dec 11, 2015
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tom: i would think carl icahn and dan loeb and the others would be having cocktails tonight at a new 50 7th avenue. what did you learn this year about activists joining megamergers like this? jeff: the question is whether they have hit a peak. i am not sure you could do much better. i am sure they would like to make your money a little faster. it looked like he had a loss here with dupont. he tried to run on a proxy in may and lost it but in the end, he got largely what he wanted. he got the companies to merge. it broke into three companies that the investors will love. they will be very pure and very focused. francine: what happened to the rivals? jeff: the big question is there is a yearly pn coveney called -- there is a european company called syngenta. china has made a bid for syngenta . ?ho will buy syngenta clearly they are under pressure. the question is whether they will step up. tom: jeffrey mccracken, thank you so much. we will let you get back to our reporting. also look to bloomberg view and bloomberg ad fly for commentary and analysis in this historic moment for american
tom: i would think carl icahn and dan loeb and the others would be having cocktails tonight at a new 50 7th avenue. what did you learn this year about activists joining megamergers like this? jeff: the question is whether they have hit a peak. i am not sure you could do much better. i am sure they would like to make your money a little faster. it looked like he had a loss here with dupont. he tried to run on a proxy in may and lost it but in the end, he got largely what he wanted. he got the...
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Dec 29, 2015
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. >> dan loeb is consistent. >> he's dacalled the magician o industry. >> never out, but never terribles a result. >> that was what i said of the bacon's of the world, managing risk carefully, may be in negative territory, but not by much. >> thank you. great conversation. >> thank you. >>> coming up, can the winter storm save the slumping ski season? the ceo of the resorts will join us. it's in massachusetts. >>> welcome back to "squawk box." among the stories front and center, two stories on today's agenda, get the s&p case schiler index, home prices for october, and last rose at the fastest pace in more than a year. at 10:00 eastern time, consumer confidence. last month, that index dropped to the lowest level in 14 months. the reason? americans were more worried about the job market. also, whole foods pays $500,000 to resolve investigation whether the chain charged too much for prepackaged goods at the new york city store, and whole foods says they'll put that sentiment behind them. so far this year, they fell in a big way. i would say they are trying to come back, but they are not,
. >> dan loeb is consistent. >> he's dacalled the magician o industry. >> never out, but never terribles a result. >> that was what i said of the bacon's of the world, managing risk carefully, may be in negative territory, but not by much. >> thank you. great conversation. >> thank you. >>> coming up, can the winter storm save the slumping ski season? the ceo of the resorts will join us. it's in massachusetts. >>> welcome back to...
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Dec 11, 2015
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and on monday, you are going to get the likely comment or we'll find out what third point and dan loebansaction after a year, what they think of mr. liveris as executive chairman and running a business broken into three. it's something to look forward to. >> it is. there's certainly got to have been a little prod. as we've reported and others have as well, scott, i mean, liveris had been revisiting the idea of this transaction for many years, and had considered splitting the company and doing any number of things, approached breen's predecessor for a potential deal, and knowing that standstill expires, certainly, i'm sure, i know was also something at least in the back of their minds. >> was it the main motivating portion? no way. it had to be in the back of their minds to try to get this thing done now knowing the standstill was coming monday. looking forward to the interview. 9:15. >> is that when it is? absolutely right. that's accurate. we like people to tune in at 9:00. >> nay will. they want to hear the commentary of you talk about the deal, leading up to the interview. that's ho
and on monday, you are going to get the likely comment or we'll find out what third point and dan loebansaction after a year, what they think of mr. liveris as executive chairman and running a business broken into three. it's something to look forward to. >> it is. there's certainly got to have been a little prod. as we've reported and others have as well, scott, i mean, liveris had been revisiting the idea of this transaction for many years, and had considered splitting the company and...