you think that nelson peltz is doing the right thing. guys are going to work very hard. and here's what i would say else about john meyers and nelson peltz. they're not in there for a quick fix. they're in there to fix. to engage with management. i don't believe they'll call for the ceo to resign. that's generally not what they do. that's usually a last ditch attempt. >> even though there's scorched earth? >> sonnenfeld was in the middle of that siding with dupont and trying to do -- take shots at nelson peltz. but iss ended that argument saying nelson peltz is making good recommendations. here we are. this is going to be a long battle. the next phase of it, obviously, is in may where the shareholders votes. between that time and now, you'll see john meyers and nelson peltz behind the scenes. meeting with investors and trying to get them to vote in those board seats. if they get in those board seats, that's where stuff will get interesting. they'll be right there at the table. it will be big changes for dupont. liz: i know you heard abou

last week jeff sonnenfeld had negative things to say about nelson peltz.tz joined us on the air to defend his record. >> the background of trian is building and fixing and running companies, it's not just buying and selling stock. >> all right. now former mettronnics ceo is being after belts saying he and activists are putting companies at risk. bill george joins us to explain. visit cnbc.com/halftime for the trades and analysis from our team. we'll be right back. when the world moves, futures move first. learn futures from experienced pros with dedicated chats and daily live webinars. and trade with papermoney to test-drive the market. all on thinkorswim. from td ameritrade. >>> i'm courtney reagan. here's your news upcate for this hour north korea showing photos of kim jong-un with a bandage on his wrist. state run didn't mention the bandage or why wearing it. french president hollande unveiling the replica of a cave innence from. the original discovered in 1994 and contains what is thought to be the oldest human cave drawings known to man dating back 30

>> well, trian's nelson peltz has a lot to say about that. don't miss our exclusive interview with him next. and don't forget to visit cnbc.com/halftime. all the trades and analysis from our team. we're right back. in my world, wall isn't a street. return on investment isn't the only return i'm looking forward to. for some, every dollar is earned with sweat, sacrifice, courage. which is why usaa is honored to help our members with everything from investing for retirement to saving for college. our commitment to current and former military members and their families is without equal. start investing with as little as fifty dollars. >>> hello, everyone. i'm sue herera. and here's your cnbc update at this hour. as you've been hearing according to reuters a joint statement from iran and eu negotiators will say there has been enough progress to continue those talks until june 30th, when a final deal is expected to be reached. a press event is planned for about 1:00 p.m. eastern time. and we will bring that to you. >>> new york police say two women

highly doubtful that jeff sonenfeild would take money from du pont. >> the question is, why would nelson peltzt. we have calls into peltz however you characterize it, whatever it is, sonenfeild is fighting back. he sent a letter to him. he would like an apology, he told me. he doesn't expect one. but this is not ending any time soon. we should point out that a lot of the disagreements between peltz and sonenfeild is over sonenfeild's characterization of peltz returns. apparently peltz measures it from the time he takes his activist's stake in the company and says that clearly means we beat the s&p by a wide margin. sonenfeild looks at it apparently when peltz gets the company to put on tryon. that's his fund. try onboard members. look at that (?) that's a more accurate way of describing it. >> i'm looking at the stock. it's about $8 below it's 52-week high. du pont is, exactly. this matters to our viewers. because activists with billions of dollars jump in and make noise. it spikes the stock. their short-term pops. charlie: we should point out one thing about nelson peltz. this is why -- liste

nelson peltz has been calling for a breakup of dupont.er several companies, pepsico among them. he has been recommended by proxy from isn. kind of a victory for him. to sit on the chemical makers' board. dupont rejected the idea in february, saying he intended to break up the company and it was not an shareholders' long-term interests. the meeting is going to be pretty contentious. pimm: if nelson peltz is watching -- betty: come on this program. he's welcome anytime. . pimm: we will make it possible. dupont, i read they are selling a hotel in wilmington. there are all these other pieces of the company may be not as large in terms of revenue producers but perhaps as symbolic, golf courses and facilities and so on. it would be interesting to find out what nelson peltz would do if dupont if he got the chance. julie: it is funny with these companies. on the one hand, they push back and say we do not want your suggestions. on the other hand, they might be on the fringe of starting to do some things like you are describing. betty: because they

. >> nelson peltz launch ad fairly aggressive play for dupont to change. that is nelson peltz. they want board members. now, it is only so much you can blame the strong dollar on some of this stuff. i think this this gives -- melissa: it is up 30% year-over-year. that's a big move, whether your products are priced in dollars or selling them in other nations that's a challenge. a 20-year-old alabama resident apparently leaving her suburban home in an attempt to join isis in syria. a spokesman for the family claims the woman was recruited via the internet after withdrawing from the muslim community. i feel like, rich, we have one of these stories every day. >> amazing got her a phone as a gift. thought she was acting strangely. all parents are worried what they are doing with the phone. almost like the "snl" skit, she gets out of car and says, dad i'm heading off to isis. unimaginable to rational western viewpoint would be attractive about a group whose main propaganda consists of beheading and burning people? that is their message. >> what they do to women. to think anyone would

activist investor nelson peltz an active fight for influence at dupont institutional sh services or iss recommended that shareholders give the billionaire investor seat on the company's board. this is peltz fund to push the chemical maker to split into two company sh4.5% to hire today at $74.81. container store, as much as 25% lower. after the close, the company's quarterlies and revenue came in well below estimates. the retailer blamed weather among other factors. shares as you can see way off initially after the bell. before the close, the stock was up 1% to $21.69. watch that one tomorrow. tough day for the drug maker acorn pharmaceuticals. investors got a chance to react to announcement that the company will restate its earnings from the final three quarters of 2014. and that its first quarter fili 2015 probably going to be delayed. this is some of the previously announced financial informa turned out to be wrong. shares fell 22% to $43.10. >>> well home values rise. homeowners gain much needed equity and putting it to work. home remodelling on the upswing again and so are the brand

because you went after nelson peltz and tried strong in this piece.ust released a statement which i want to read on the air live and want to get your reaction to it if i may. this is their statement just crossing. mr. sonnenfeld has twisted and cherry picked the data to have an inaccurate picture of trian's performance we have $12 billion in assets under management. our flagship fund has generated a 137% return net of fees since inception in 2005. out pacing the s&p 500 by 2900 bips. and if you look at our core positions, we have outperformed the s&p 500 by an average of 764 bips annually. that outperformance increases so 879 for companies on which nelson peltz serves on the board. >> you know i think good for them. let's just look at the numbers. last year scott, you know and it's good to see you with your jacket off loaded frd bear here. but chime came in at 8.8% return. the s&p was 13.7. i mean that's just the facts. you want to go back to 2012? they go -- >> but the point is i think nelson is saying you can cherry pick any year that you want but o

nelson peltz would say that's insufficient. if peltz wasn't there, where would you be? and would the stock be further in negative territory? if you look over the last year it's underperformed the s&p. down on the year-to-date so far. >> i think trian will say today earnings are still down 15% year over year. >> in bulk chemicals. >> overall for this company. they are still down 15%. they will claim they brought guidance down for the fourth year in a row. ellen kullman responds saying it's the reason we give a range. we don't believe we have lowered our guidance. i'm sure trian will say you did. it's the fourth year in a row. >> who's winning? >> that's a great question. i asked kullman her thoughts. she said we keep telling our story. she is encouraged by her interaction with investors. that is township cal of what you might hear from a ceo in that situation. i don't know is the answer. it's a tough battle for trian. the company stock price has performed fairly well over a period of time. so it's hard. you've got to prove -- >> you can point to strength in numbers in th

du pont is under attack by activist nelson peltz.pont board has unanimously determined that peltz and any principal from them would not be in the best interest from shareholders. it started to fall after a great run-up. >> they're getting pelted. no pun intended. the stock is reflecting concern that du pont will win their proxy fight. tryon will be left with no board representation. what do they do with that stake if they don't have board representation? most likely, they sell it. and i think also the higher dollar is going to impact their first quarter earnings. so it was not a good three weeks for du pont for sure. >> but would you still own it here? >> absolutely. they are spinning off their specialty performance chemical division kamoors. and we think the underlying du pont will be a faster growing company. we'll be owners. >> in the fourth match-up. jeff, you won again. fortune net. and hank, united technologies, which saw the spinning off of the helicopters. you still like it or not? >> the biggest story in technology is cyber

and whether nelson peltz leaves does the stock go higher?is is the ultimate hot button. >> it's something we discussed when we did the interview. >> there is a thesis here if nelson peltz goes away the stock goes down big. what you saw yesterday is a partial victory, some regard as a full victory. but you know what in the end, the earnings weren't so hot. dow chemical which had blowout earnings can't get out. the only one doing well is a total commodity place. in the end, let's not forget these are companies. sometimes it doesn't matter who necessarily is on the board. because if you have the wrong product mix in this ag business is horrendous for everybody. i think it's a moment in ag where you are beginning to realize that everyone was growing the wrong crop. you know that north by northwest, the scene. >> where cary grant is running from the plane? in there the guy is dusting crops where there ain't no? they are dusting crops where there is corn they got to have soy. >> that is hurting the business. >> you heard it there. we got to have o

. >>> plus, dupont's ceo ellen coleman trying to persuade shlders not to let nelson peltz join the board nygren joins us with his thoughts on activism and his two new stock picks for the second quarter. when the moment's spontaneous, why pause to take a pill? or stop to find a bathroom? cialis for daily use is approved to treat both erectile dysfunction and the urinary symptoms of bph, like needing to go frequently, day or night. tell your doctor about all your medical conditions and medicines, and ask if your heart is healthy enough for sex. do not take cialis if you take nitrates for chest pain, as it may cause an unsafe drop in blood pressure. do not drink alcohol in excess. side effects may include headache, upset stomach, delayed backache or muscle ache. to avoid long-term injury, get medical help right away for an erection lasting more than four hours. if you have any sudden decrease or loss in hearing or vision, or any symptoms of an allergic reaction, stop taking cialis and get medical help right away. ask your doctor about cialis for daily use and a free 30-tablet trial. >>> com

free 30-tablet trial go to cialis.com >>> coming up, former medtronics ceo bill george blasting nelson peltzivists like him saying they're putting american companies at risk. mr. george will join us live to discuss his scathing op-ed. sour on apple the tech giant seeing the second stock downgrade this week. should investors be worried? fina of our halftime energy summit. paul sen ki joins us with his top players. see you in 15 or so. >> thanks. one of the biggest names in college sports speaking out against indiana's religious freedom act. jane wells is at usc to talk to pat haden. good morning, jane. >> hey, carl. thanks, pat. fight on. >> fight on. >> we have so much to talk about. never been afraid to put yourself out there. you tweeted to stand up for your son and not go to the indiana for the college football players selection meeting. could the trojans not go to south bend and play notre dame in the fall. >> we will be playing in the fall. this was just a gesture of love and support for my son whom, indeed, i love a lot and talk to him about the trip to indiana. he would appreciate it

. >>> coming up, nelson peltz, criticizing his firm's performance and activism in general. >>> plus,arnings and the markets. we break it all down with dan greenhouse, paul richards and the traders. and microsoft at 40. are the company's best days ahead? or is the stock feeling a little long in the tooth? that and more top of the hour. carl, we'll see you in about 15 minutes or so with peltz and so much more. >> working a long day today, scott. see you in a few minutes. thanks. >>> over to the cme group, rick santelli with "the santelli exchange." hey, rick. >> reporter: hi, carl. you know, it's really gets to be complicated these days, doing accurate forensics of data points. there was a time where things were simpler. a lot less really macro moving parts. but these moving parts seem to be here to stay. so i think we just have to put in the extra effort. trade balance, employment reports, you know, seasonal issues, nonseasonally adjusted issues. why is it so important? because everybody is trying to come up with that glimmer of information that will differentiate between are we getti

he is a nelson peltz sponsored individual but paid by your regular board. do you think he will see these combinations make sense and would not make sense to split carbonated from snacks, given the fact you are a snack company but that you do get good cash flow from carbonate? >> i think all of our board members are comfortable with the fact we reached the conclusion that the portfolio truly is better together. we see it developing in emerging markets where the beverage business serves as a great platform for the snacks business. we see it in markets like north america. last quarter frito lay was the number one contributor to retails sales growth across the retail channels. this quarter and north america beverages, we are number one and frito lay is number two. there is no reason to make any change to that. any change we make would be a negative. >> isn't there a bit of irony here. old days i would look at emerging markets of pepsico growth look at china, maybe europe, the rollout. this is a north american story because how strong our country is. >> it is bo

. >>> when we return nelson peltz making the case. the dow is up some 20 points. don't go away. care deeply about the gulf. i grew up in louisiana. i went to school here. i've been with bp ever since. today, i lead a team that sets our global safety standards. after the spill we made two commitments. to help the gulf recover and become a safer company. we've worked hard to honor both. bp has spent nearly 28 billion dollars so far to help the gulf economy and environment. and five years of research shows that the gulf is coming back faster than predicted. we've toughened safety standards too. including enhanced training... and 24/7 on shore monitoring of our wells drilling in the gulf. and everyone has the power to stop a job at any time if they consider it unsafe. what happened here five years ago changed us. i'm proud of the progress we've made both in the gulf and inside bp. friday night, buddy. you are gonna need a wingman. and my cash back keeps the party going. but my airline miles take it worldwide. [ male announcer ] it shouldn't be this hard. with creditcards.com, it's e

coming up on worldwide exchange dupont faces growing pressure to impress nelson peltz. and we're tuning into the itunes store celebrating it's 12th birthday. how about that? we speak to the creators of one app benefitting from am's popularity. what's in store for twitter as the social network steals the earnings spotlight after the bell today. we'll discuss that. see you soon. >>> hi everybody. welcome back. you're watching worldwide exchange on cnbc. we're getting a statement standard charter has anticipated. they're on schedule to deliver common equity tier 1 ratio between 11 and 12%. they talk about an operating income of shy of $4.4 billion. they're looking at trading conditions that remain challenging. underlying business volumes remain strong as well. they are looking at loan impairment of $476 million. 80% rise year on year and they say trading conditions remain challenging. underlying business volumes remain strong. they're well advanced on their plan to take out 25 to $30 billion over the next two years. first quarter headline income minus 4% at $4.4 billion. a

it does not, and i do not endorse nelson peltz.g with him for many years and do not approve of his proxy fight tactics. my memo does not endorse the iss recommendation nor intended to endorse mr. peltz on his proxy fight. it solely reflects the fact iss took the position it took and they support peltz and john myhre to go on the board. more than 30 years i've been advising companies how to avoid and deal with corporate raiders and activist shareholders. i'm not doing my job if i don't alert them to the current state of the world, even if i don't like it and don't agree with it. you heard from marty lipton in response to be a e-mail where people were saying we don't quite understand what seems to be a dramatic change. apparently not. >> glass lewis supporting mr. peltz. >> he could be an agent of change. this thing could end. all they've got to do is sit in the seat. people can go back to work. dupont needs to go back to work and get bigger in food. dupont needs to focus more on its business. put peltz on the board. a lot of us just

we're just going to give the cash back and combined with bill george's op-ed today against nelson peltzt, we want our companies to be investing and innovating. if they're just giving cash back to satisfy short-term shormds, shareholders, is that where we want to be as a country? >> if a company is saying i have excess cash and i'm going to return it to shareholders and those shareholders do something better with it that get a better return, does that mean it works out for the best? >> in theory yes. if it looks like companies don't have a better place to put that cash cash, this is how they -- >> i think the ge story is very significant and not for the reason that robert is saying it's significant. it's significant because general electric today has basically thrown in the towel, and this is to me -- >> should they be throwing in the to you snel. >> they should be but to me it stands for maybe one of the biggest failures in american corporate history. what you're talking about is a company that 25 years ago was the most admired company probably in the entire world. a company that 25 yea

thank goodness nelson peltz is here. would be as good as if he weren't. >> thank you. we appreciate it. >> volvo betting big on china. manufacturing the first chinese built car made for the u.s. markets. we're joined now with more. >> it's going to start manufacturing at this plant in a couple of weeks. it will be exported next month and available in the dealerships there probably around the summer. this is a big turn around for volvo. they had to do a lot of things to turn their business around add as you know made in china has certain connotations. connotations the ceo is very aware of. especially when they're trying to reclaim market share in their dominant market. here's what he had to say. >> there could also be customers that have an opinion made up before the chinese project is not as good as the european. probably we're trying to address those customers. >> but this is simply more than just a volvo story. it's about the transformation that china would like to make. the rebalancing of its economy. if they can take

the battle goes on between nelson peltz and dupont.e for peltz and others for the dupont board. accusing them of misleading stockholders about the performance. dupont's response they say tri trian. a story going on for quite a while. >>> iran's president saying the country will only agree if sanctions are lifted. he wants a win/win deal for all parties involved. for iran that means removing all sanctions the same day nuclear agreement is implemented. the deadline is june 30th for agreement. joining us now, one of the members working on the policy. senator john barrasso. >> thanks for having me. >> you got a plan? >> i do. the senate wants to review the deal. we have a bipartisan group. chuck schumer from new york is one of the cosponsors of this. before any sanctions are released and you know what this is about. iran wants the money. they say show us the money. it's because it's tens of billions of dollars. when you lift the oil restrictions, when you lift the banking sanctions, there's a lot of money to use to support terrorism elsewh