here is my question to marc lasry. swinging for the fences, but what does it say to you that a target therian would bluest of american blue chips, general electric? marc: they believe there is a lot of value they can get to and because it is ge, ge has been slower. if -- at the end of the day, if i am ge, i would call nelson and say thank you. it is fond of you -- kind of you, but you only have 1%. in my world, the only way people 25% of thef you buy debt. i find it amazing that someone who has 1% of the equity is able to get as much attention as nelson as -- nelson is getting. david: this is the pond on his ability to get institutional investors to listen to what he says? marc: 100%. stephanie: there have been huge impacts with small stakes. marc: you have to get everyone to agree with you. he may have 1%, but you have to get the other large holders. he is not one of the top 10. if you can get the other 10 guys, you can put pressure on ge. at the end of the day, you can do that whether you have half of a percent, a qua

in our next hour, "bloomberg go," stephen schwarzman, paul tudor jones, marc lasry will join us this morning. this is "bloomberg surveillance." stay with us. ♪ tom: dire straits, money for nothing. another deal, this one is up in canada and the merger of their , they beginar sands the offer of $3.3 billion, maybe $4.3 billion. be $3 billionld u.s. tom: she can do the math. this is interest in. in argentina, they've a bond coming. the bones at 15. bonds and cash today, it follows all things argentina. carl weinberg is a next word on emerging-market restructuring. what is the signal katia: it signals a bond they are able to pay in cash today. it matured on saturday, today is when they make the payments. this has been a bond that has gone through quite an ordeal. a lot of people have had a hold on to their stomach throughout the entire lifespan of this bond. was cany, the question they actually make the payment in cash because their actual reserves are in question. tom: where did the cash come from? dr. weinberg: i should ask you that question. it comes out of their own reserves. they a

my take away from sitting down today with marc lasry and steve schwarzman, bigger is better.n sit back and truly look at these markets and do not have to sweat over the -- these guys have great track records, but we talked about energy space and what a great buy it is. we have seen the same thing out of franklin templeton. they bought a ton of paper in the 70's and wrote it down to the 20's, and now they are facing major outflows. you want to be big, sophisticated, and have investors? betty: where the money goes, you still have the cushion there. tomorrow tom stiers with us. stephanie: and tomorrow, tom stiers as with us. and my boss for eight years at the bank will be with us. john micklethwait. to spend time with him. but i think he knows better. i love your new set. betty: i love yours. stephanie: thank you. betty: we will look at what else is making news on the bloomberg terminal. phonic when more from the news desk. vonnie: nations have agreed on the landmark free-trade deal. and already, ford is calling on congress to reject it. the automaker says the deal fails to addr