if it does, this is a great company. >> we talked nelson peltz and trian.an upgrade by jpmorgan morgan to overweight. by the way, it is now 24% lower year to date versus the s&p which is flat to up about 1% or so. what do we think of this call? you like -- you buy industrial stocks. you own ge. >> we don't own due possibility. i think there's still a lot of hair on this stock. it is going to take a little while for it to go. it is still commodity based, it is dependent on demand. industrials aren't improving as fast as we'd like them to be. they're going to be taking price in terms of what to sell it at. >> doc, are we going to be trading next week on china yet again or something else? oil? what's the most important thing to watch as monday breaks? >> consumers with retail stocks that are reporting next week. i'm targeting home depot but there are a bunch of others. jimmy had a great call with jcpenney. congrats. >> thanks. >> i agree with jon, i think the consumer's the best thing happening to the economy. we'll watch what retailers say. >> all of you have

ackman joins nelson peltz. his firm holds a 3% stake in mondelez.e'll show you what's going on now in the premarket trading as a result of this and you wouldn't be surprised to see that they are sharply higher. >> what does he want to do with the company? he wants the stock to go up so he can sell the stock for more than he paid for. we were having a conversation off camera. okay. maybe he sees something that's not being optimized at mondelez the way that management is running things but what he really knows is i have enough money, $5 billion. i can make a splash and in all likelihood the stock will start going up just on that and then you agitate, you mess around, you do some stuff. is any any different than greenmail? >> i think of it like bankers, right? because you remember kraft used to be with mondelez. so now he's talking that mondelez should rejoin kraft along with heinz. wait, you need to vertically integrate and get bigger. no, no. if you're going to maximize the values and the multiples you have to split up. >> this is just greenmail. if

nelson peltz on the board and now bill ackman. >> markets just below flat as we leave you and u.s.ures pointing to a slightly negative open. that's all we have time for on today's show on worldwide exchange. thank you for joining us. >> and as we leave, we leave you with pictures of people gathering on the river in hiroshima in japan to commemorate the lives of those that perished in the atomic bomb attack. >>> good morning, breaking overnight, bill ackman taking a more than $5 billion chunk of mondelez. so what does the activist investor have planned for all of those oreos and ritz crackers. tesla shares sinking as the auto maker cuts it's sales forecast. can you say $44 oil? how many people are hooking up with am music? new number today but will it turn the stock around? that is the question on thursday, august 6th 2015. squawk box begins right now. >> are you telling us absolutely everything? >> not exactly. we're also out of coffee. ♪ >> live from new york where business never sleeps this is squawk box. >> good morning and welcome to squawk box here on cnbc. becky and andrew ar

your guest was referring to nelson peltz. a gentleman, an investor with an extensive amount of experience in the food business now takes a 7% position in the food service company sysco. $1.5 billion, slightly more, 42 million shares. trian becomes the largest individual shareholder in sysco. i'm told they'll seek board representation. unclear at this point if mr. peltz himself will be one of the nominees but there are a couple of interesting things about the timing here. why the filing today on a late summer friday afternoon? well, first and foremost, it was the tenth day after they had accumulated that 5% threshold so they had to report today. but what makes it even more interesting is that the nominating window for potential board members closes a week from today on august 21st. what does that mean for where we go from here? well, they could come to some kind of an agreement. sysco could expand that nominating window and push it out. or there could be a proxy fight which i'm told is not, by any means, out of the question. s

nelson peltz will do some tv, but marginal amounts.f of a -- ackman is half of a showman, and half of his show is promoting himself. what we have here is a case in point where it looks like -- and these are just the optics. i haven't talked, spoken with him, and he doesn't return my calls because i've been very critical of him and the way he's played herbalife. but what it looks like is on a day he's basically getting trounced on herbalife, the stock was up 20%, it's up 18% now on a day when the dow is down fairly sharply today. so, remember, they beat expectations, they had a very good quarter. you know, most of the analyst community is now saying that it's unlikely that the feds will do anything close to what he says they should do which is like close 'em down because he believes this is an illegal pyramid scheme where they just keep attracting distributers, they really don't sell the products. balancing that out today was the news that he's making this big play in -- liz: mondelez. which, of course, in case you don't know, they own

the irony, kate, in all of this, is that you know, nelson peltz is on the board of mondelez, bill ackmanat next to nelson peltz with jim cramer. >> our own delivering alpha. >> and was building this position at the very moments that he was sitting at delivering alpha. you have to believe that those gentlemen are going to have a conversation at some point, if it hasn't already happened. >> right. >> about what that the future is going to hole for mondelez. >> you certainly wonder what melson knew at that time i don't know what he said with you, but i understand that pershing square has had a relationship with irene rosenfeld date back to mid-2000s with kraft. they're respectful of her, help to work with her and her team. there have been some conversations with management, i don't know if that's extended to the board. >> it's going to get a lot more interesting. we'll talk about it some more, i'm sure. thanks so much. our trader blitz, four trades on four stocks making news today. first, mobile i, beating earnings, raising guidance, yet off 5%. >> yeah. here's a classic example of what we

. >>> and nelson peltz' trian funds revealing it has taken a more than 7% stake in sysco. the position worth more than $1.5 billion that would make trian the largest shareholder in the country. shares were 7.5% higher. >>> and with all the uncertainty overseas, how can you protect your portfolio? tonight's market monitor has three picks that he says are safe amid all the volatility. this is his first appearance on "nightly business report" and so we welcome mark spellman, portfolio manager at alpine. you have two principal concern, one, how the market will react in the short term if and when the federal reserve raises interest rates. and the other is slowing global growth. how do you meld the two and come up with a portfolio strategy? >> yeah, i think this week for sure the emphasis has been on slowing global growth. the actions by the chinese government has shown they're very worried. that has global implications. in the area their trading partners in japan. also with commodity prices and energy, metals. that's all a worry. that's why in our -- in our equity income fund w

is selling its $6.5 mondelez.ake in mondelez refused a shareholder fight with activist investor nelson peltz. and jon stewart is signing off tonight as host of the "daily show." to 2600 shows in 16 years, reaching audiences with news with a comedic state. the museum and washington, d.c. said it will preserve stewart's "daily show." tom: john stewart next to mark crumpton in a museum? scary thought. it is amazing. early monthsll the of the daily show, but one day it was iconic. brendan: i remember when it was craig kilborn. it was snarky, it was more about pop-culture. tom: what did mr. stewart do? brendan: he was the first anchor to look at what was happening in politics and find it absurd and admit that he founde it absurd. tom: watch his hands. when he is on air, what he does physically, like a comedian. brendan: the other thing he does let you talk about a lot as he purposely throws out a joke that he knows will not land so he can make the recovery funny. he is amazing. vonnie: he's on a whole franchise of comedians. brendan: absolutely. fascinating, jon stewart, particularly after david

the reason i raise the question, nelson peltz and others are there. board,n activist, on the surely pushing for many things that bill ackman wants, and secondly, the stock has been in a performer because activist pressure has already been there. >> i have the same observation. the timing is curious. peltz has been there for years and has helped to influence the separation, margin improvements. it seems to me this investment could be late to the game. margins are already on the move higher. this is a layup investment, at this point. matt: green mountain coffee, keurig, looked good last year but now down 60%. what is going on with them? >> it could be a little k-cup fatigue. the brewer sales were soft, pod sales were soft. the company gave a lot of reasons, changing the models, adding new branded members to its portfolio partners. at the end of the day, consumers may be moving away from k-cups. there is a coffee shop around every corner. are they moving away from k-cups, or is it like soda stream, a fad stock. everyone got excited about soda stream taki

mondelez monfils -- diffused a fight with nelson peltz.ncorporatees to the medical company's imaging management platform with its watson data analytics tool. the all-cash deal is subject to regulatory review and approval from urges. -- merges. betty: the german automaker posted a 42% surge in july deliveries. sales rose to more than 29,000 vehicles. deliveries are up 15% from a year ago to nearly 150,000. elon musk says teslas facing onllenges of interior pieces the forthcoming model. deliveries are set to begin in late september. snags on tesla's first suv could slow output of the model s sedan. ceo says the company may deliver 50,000 to 55,000 of these companies this year. shares dropping on the news. they are still up about 21% so far this year. that is a look at the top stories at this hour. mark: coming up in the next half hour of the "bloomberg market to," why walmart's plan boost its minimum wage and boost morale may have backfired for many workers. betty: the chairman and ceo of a cit group tells us why he thinks a bird that -- pot

nelson peltz and try and are already there. pushing for the same things that bill ackman wants.he stock has been an outperform or just because of the activist pressure that has already been there. guest: that is the observation i had when i saw the news. the timing is curious. peltz has been there for years and he has helped influence the separation, margin improvements, some of the actions they have been doing all along. investment me this may be late to the game. returns have already been made and margins are already on the move higher. -- this is a layup investment at this point. shay speaking ken with our colleagues, matt miller at erik schatzker. scarlet: thank you to our producer for pointing this out, mondelez was of much higher earlier today -- up much higher earlier today. coming up on "bloomberg market day," you can call the job terminators. most at risk of being redundant. ♪ you: now more than ever might want to appear indispensable to your employer. according to a research study, 47% ofthe next 20 years jobs in the u.s. are at risk of being taken over by automated te

. >> sis coe is adding nelson peltz to its board. days after the activist investor disclosed a 7% stake in the food distribution company. peltz is now scisco's largest shareholder. he said it should take steps to improve operating margins and consider taking on debt to increase shareholder returns. they reported a rise in quarterly profit only once in the past three years. you can see the stock is down about 1.6% here in europe. >> that's sysco with an s and not a c. >> the company is targeting the growing market for consumer drones, especially those used for taking photos. by putting it's chips in the air it can cut hundreds of dollars off the price of entry level drones that start at around $500. qualcomm has been meeting with leading drone makers and bought a flight software company. >> what i love about the semi-conductor space no matter what technological development made, there will always be a need for a chip and that's why chips, it seems to be a great industry. doesn't matter what place you are within technology there will a

back in the spring nelson peltz wrote a letter. the stock spiked on our show north of 80. we were somewhat cautious. i think it made a three-year low today or within this week. i think you're going to start hearing some noise from him again. i think du pont for the first time in quite some time for a trade actually looks interesting. >> the market's seeing huge swings this week, no different. and one of the reasons for the springs could have something to do with both mutual funds and etfs. cnbc's bob pisani is live at the nyse with a breakdown. bob? >> simply put, melissa, several mutual fund companies had a commuter zblich that made it difficult to calculate the underlying value of a number of mutual funds. that's a problem. the problem was at bank of new york mellon which said it was having problems with its sungard data systems that impacted a number of mutual funds. bank of new york is a custodian for asset managed firms. sungard calculates the prices, the net asset values. it apparently has affected several fund firms including freighted and prudential financial. i sp

is it a bet on nelson? peltz is in there on the board. is he'll dissatisfied with what else is doing or does he believe that what peltz and his people are already doing at mont elise a window? he has been in that position and then the company for many years. when you want to get this kind of cost-cutting or a major move, can you really do it with management? bill ackman to do that with burger king, d remember the massive cost-cutting and operational changes? erik: is there room in a company two as large and stature as peltz and acumen? what if they disagree? a potentially -- dynamic. stephanie: either one of them could be ceo of the company. i do not think they'll is looking for that or knows peltz. they're looking to make a ton of money. buffett liked this kind of business. we know what bill things of 3g. erik: a fascinating development. let's move on to other top stories in business. from the bank of england this morning, including the decision on interest rates. live in london, let's talk about the super thursday. why is it such a big

wholesale bulk food items, shares moving up on light volume. 8,000 shares after activist investor nelson peltzed to the board of sysco. sysco was trying to merge with u.s. food service. they terminated that agreement. this comes on the heels after scott walker told us the news last week they had taken a stake in the food distribution giant trian. >> thank you, sir. we've got much more ahead on this market sell-off. coming up, larry kudlow. plus exiting home sales rose to an eight-year high. will housing give a boost to this luke warm economy? >>> today the biggest decline to the major indexes in over a year, the dow down more than 350 points. some market watchers think today's sell-off is a reaction to a pending rate hike. janet yellen is scoring points with larry kudlow who says in a red-hot cnbc op-ed donald trump couldn't be more wrong with his policies. what is going to surprise people who follow your views closely. you're the free market guy. focused on profits. you come down on the fed side of things relative to the donald what do you mean by that? >> with the fed, i don't see inflation.

nelson peltz, another big, huge investor, has his money there. ackman wants mondelez to be taken other, or he wants to split the company up and make it worth more in part than it is in whole. >> right. and if he puts it together with kraft, it has been with kraft prior. stuart: right. >> we'll see if it goes back. stuart: that would make one giant corporation if they did get together. that would be about $160 billion worth of conglomerate in food if they did that. don't forget, tune in every friday -- not every friday, every weekday, for heavens sake, 5:00 in the morning. lauren, sandra, nicole, five a.m., bright and early. aaa says gas under $2 by this winter. gas buddy on this program says under $2 gasp lean in eight states by the next month. dan, we've been leaving you out of the discussion of stocks, bring you into the discussion of gas prices. what do you say? is under $2 a gallon in eight states by the end of next month, and you say what? >> i think it's a real possibility. in my area you're finally seeing things go down, we're 35 cents awa