nelson peltz discloses the stock position in dupont. stock was trading around $80 i encourage you to had see what did it in the next few months. it fwrenwent from $80 to $50. his timing was an abomination. and this looks hauntingly foom me. this is an expensive stock, proctor and gamble. i think you use this as an opportunity to take money off the table. >> we have another news alert. this time on merck. >> more bad news in the alzheimer's case coming from merck. they're stopping a late stage study in mild to moderate alzheimer's patients because they didn't see any effect. satisfying a committee looked at the trial and found virtual floy chance of finding a positive clinical look at the drug. they looked at safety and it looked okay to have another trial. so they are still testing this drug in the early stage patients. that's expected this about two years but this sent merck down about a percent. we saw a big disappointment at the end of the last year. this will perhaps cause more doubts for the plaque in the brain. >> and aseide from

nelson peltz has a board membership.e stood back and been what i call confirm tory capital for some companies, including general electric. when they came out along with that company with a large stake and a white paper, but came out together. and affirmed a lot of the strategy that was then undertaken by the ceo. we'll see how this goes, it's interesting to note that this is a very large position for them. by the way, a lot of people have been speculating on this, ever since i sat down with nelson peltz in early degeneration, i think we may have the tape from that time when he at least told people that they were working on something big. >> we do have a new position. we started buying about two weeks ago. we can't announce it now. we bought quite a bit of stock, we have quite a bit more to buy. and i hope that we will be able to talk in confidence with management and the board. >> and there you have it. again, unclear that they have actually had those conversations apparently the stock may have moved away from them for a

closely. >> he's never going to own enough stock to agitate the appropriate change. >> i think what nelson peltz very successfully with the chemical companies is forcing them to look at the reality of where the future of their business lies. ge is already in that process prior to peltz coming in. actually they overdelivered on getting out of a lot of the financial areas, the business. and to steve's point, this has been a tough company to analyze. they are in so many different verticals and a lot of moving parts. in every quarter, charges for this, charges for that. i think they are smart now and getting away from that. and i think that's going to help going forward. >> i would rather run macy's which i'm pretty much almost all out of with over 5% -- it was easier to analyze. it was. >> judge -- >> hey, everybody -- everybody -- >> messing with more than just me, scott. >> 2001, judge, they were rejected by the eu. the takeover of honeywell. honeywell is up 150%. ge is down 27% since the same time. so just to put that in your pipe. >> all right. donald trump goes after nordstrom for dumping his

. >> did anyone know nelson peltz would trade? it was a forward looking price mechanism. >> what do you say? >> pg? i'm in the fade pg camp. i think it is big time valuation. if you look back and see where the stock stopped at, it is the same level as a couple years ago. i would rather sell it here and love to buy it back in the mid to low 80s. >> another group of stocks are the fang stocks. facebook, amazon, netflix and alphabet. tom, it's always good to see you. >>> great to see you. >> why close to record highs do you say buy fang? >> a little context. last year we told investors you want to buy dang over fang. and the dang -- >> reminds us what that stands for? >> when you get it, you have to go dang! we are staying ten sfoks drag the narcotic most market in 201s to buy in 2016. now we start this year thinkin , fang is going to snap back. if you look at the history -- >> fang is like the new dang. >> right. basically you're saying they will catch up. >> yes. but we think -- >> dang! >> dang, that's good. >> but i think when we

it was back in december, early december if you recall, when nelson peltz first introduced the idea of new position. take a listen. >> we do have a new position, david. we've started buying about two weeks ago. we of course can't announce it now. we bought quite a bit of stock. and we've got quite a bit more to buy. and i hope that we will be able to talk in confidence with management and the board. >> and those talks still haven't happened. why? because it took them a long time to get to the size position they wanted to. and they wanted to conclude their buying before actually beginning a dialogue with p&g. so, jim, we don't know what is to come here. of course trian will go to proxy fights occasionally, hines being an example, dupont being another example. but they also just focus on costs. mondelez being an example of that where mr. peltz is on the board. unclear where it goes from here. curious to hear your thoughts given, you know, you've known this company very well through the years. >> well, pr taylor's done a remarkable job taken product from 17 to 10. got ridden of the empty

nelson peltz's company took a stake there.ank of america, if you look across all the holdings, was the company saw the single biggest increase in investment from these money managers. >> gm ceo mary barra is in germany on something of a charm offensive in order to win support for the sale of opel. >> it would be a real win if she could get rid of these divisions. they have been losing money for general motors for almost two decades now. last year, they would have been profitable if it had not then for brexit, so she wants to unload opel and vauxhall. they can become the second-biggest carmaker in europe and hopefully use those economies of scale to boost margins. >> snap inc. wants to raise as much as $3.2 billion in its ipo. that would give snap a market value of about $18.5 billion. it would be the first social media company to go public since twitter more than three years ago. what is the message from this company? >> please don't treat us like twitter. please see us as alibaba. when you think back on ipo's, there are not b

and it's not clear that it would be mondelez which by the way includes on its board nelson peltz andone of its large investors and bill ackman. >> who recently upped his stake in the stock. but the stock has done well. >> it has. >> up 23% in the last 12 months. >> and the president has stopped tweeting and saying anything about oreos. >> talked to her about this last night. i said have you had any follow-up on that since the campaign when he blasted mondelez for nabisco plants in mexico? no, no contact. >> axios did report in fact the president did stop eating them. >> i read that story. >> continues to consume diet coke and lay's potato chips. >> yeah, oreos he stopped. unclear. nelson peltz who speaks to him i think with some frequently made it clear that many oreos are produced here in the united states. >> well, they're continuing their business operations. no word from the government. as we head to break, take a quick look at the markets here. stocks are selling off. the dow down about 67 points, s&p off 0.2%. we'll continue to monitor the selloff. later zillow ceo spencer rasc

. >>> nelson peltz's fund has taken stake in procter & gamble. it's roughly $3.5 billion. move is a sign that they're taking aim at the consumer product giant's increase in sales and gets rid of the unprofitable brands. trian makes it another month to trying to invest. p&g reacted well to the news yesterday, up 2.7%. >> that's right. csx wants shareholders to vote on the demands an activist investor is making there as it tries to install the former ceo of canadian pacific of the head of the railroads. csx will call a meeting. they say they hold a nearly 5% stake in csx and wants to introduce the model harrison hunter used. they want excessive compensation and enough board seats to effectively control the company. that's an interesting fight that's going on at that company. >>> meantime, president trump will meet with the ceos of eight large u.s. retailers this morning. they're expected to discuss tax reform and making improvements to infrastructure. the group will include target ceo and gap ceo and jcpenney ceo. the retailers oppose the border adjustment tax and cut corpor

why carl icahn, nelson peltz and others are suddenly swarming again and what it means for investors andour money. with us for the hour today joe terranova, steve wise, brothers najarian. we begin with the markets and why big name investors are back and battling with the country's biggest companies if latest example, carl icahn's reported new stake in bristol-myers. meg is starting us off with the late sgles bristol-myers has been seen as vulnerable to potential activism of even takeover. you basically pinpoint the day this started if you look at it stock price over the last year. look back to august. it had clinical trial results around august 5th that were very disappointing to the street on big lung cancer drug that investors saw as putting it as a slight disadvantage to competitor merck in the space. so carl icahn reportedly taking this stake, reported by the "wall street journal" yesterday. and jana partners wrung so new directors out of bristol-myers yesterday and $2 billion buyback. icahn apparently think that bristol-myers is business and pipeline make it a good potential takeove

why carl icahn, nelson peltz and others are suddenly swarming again and what it means for investors anday joe terranova, steve wise, brothers najarian. we begin with the markets and why big name investors are back and battling with the country's biggest companies if latest example, carl icahn's reported new

look at the gain of procter & gamble, that's a rare move after nelson peltz disclosed a stake in a filingco reports earnings after the bell. oil meantime closing the day ending for the session pretty much flat. let's take a check on the bond market. the cpi made a big difference. we zoomed a bit. we were up three basis ponce, and if you look at a year-to-day chart, you can clearly seen we are moving to areas that we haven't closed -- it was on the 11th day potentially. real quickly. the curve is steepening. all in all, whether it's the fed yesterday or today's data, as we certainly seep to see, stocks aren't that afraid. >> with president trump at the white house today this morning, and courtney reagan shows us with more. >> the ceos of several retail companies all met with president trump this morning, and then senator orrin hatch and representative kevin brady later on to discuss the border adjustment tax in the republican tack reform plan. s if enacted, the house proposal would have profound implications for our guests, and at -- we believe that anything raises prices for family is not

reported, unless you have a -- consumer products companies, unless you have a proctor & gamble with nelson peltze motivating something, you end up with pepsico, which had a fabulous number. and at one point was down a $1.80. it did rally, but i mean, pepsico reported the best organic growth and people said that's not enough. so when kraft heinz reports organic growth that's better than it had before, people yawn. and, david, what you just talked about would be a cap -- my travel trust owns it because it's very expensive, but yeah, you have to have a takeout. and you're not going to be able to fire people, i mean, wow, that really does limit things. >> well, they still have an excellent ability to find costs to take out. certainly that's their way at 3g, and also seemingly they bring in a lot of young people to do jobs and have a new approach. that's also interesting to note. we'll see. who knows what the name is, jim, but there's going to be no shortage of speculation as this year moves along as to what they're targeting here in the u.s. because they are not stopping even with some of the politi

david: you would take the call from nelson peltz.sting will be interesting to see if it consolidates further vocally but it has done a lot of reorganization within the company already. carol: they had a new ceo come in about a year or so ago. apple? julie: warren buffett buying there as well, tripling his holdings. the number two wire doubled its stake. tiger global, maverick, selling holdings. you always have people moving around in apple. this looks at apple since berkshire first took a stake. david: he's made a couple of shekels there. [laughter] julie: he's a good investor. not bad. bank of america, if you look was thell the holdings, company single-handedly that saw the biggest increase in investment from these money managers. not shocking, giving the route -- given the rally. david: the regulation and rates. -- deregulation and rates. so much.lie, thank you coming up, everybody. we've got the opening bell. coming up on "bloomberg daybreak." we've got a quick check on the markets. thou futures suggesting a little bit higher on t

nelson peltz, estimated $3.5 billion stake.tuart: unless son peltz has 3.5 billion in proctor & gamble? liz: to shake it up. stuart: that is a huge bite to take out. you look proctor & gamble, sica. >> i think they're making right decision but like anything else they're late. explains the beard trend. a lot of people can't afford spend $20 for their blades and decide to grow beards to save money. so you know -- stuart: you didn't have a shave this morning. you did not. >> no. i had a beard for a lot of years. stuart: did you? >> yeah, yeah. stuart: because you're on tv, so you don't have a beard. >> it was turning gray so i decided to get rid of it. liz: when you were a bear. stuart: you think investors don't trust a guy with a beard? >> that is what i was told. can't have a beard on tv. stuart: next case. >> some day i will have a long one when imright. stuart: u.s. steel and other infrastructure stocks were down yesterday on speculation that the infrastructure plan could be delayed until next year. no bounceback this morning

after activist investor nelson peltz his hedge fund disclosed he has got a stake in the company. into proctor & gamble. watch that thing go up. >>> how about apple? i believe that's a new high. it touched 136 earlier. still up 50 cents, 135.53. it is all still happening. >>> so is this. retail ceos are meeting with president trump right now at the white house. top democrat -- we'll get to that in a moment. top democrats, including speaker pelosi, congressman elijah cummings, apparently duped by a fake twitter account they thought belonged to general michael flynn. here they are talking about a message they thought was real. watch this. >> just this morning flynn tweeted, and this is a quote, scapegoat. end of quote. scapegoat. he basically described himself as a scapegoat. >> i didn't know until i heard from our colleague that the tweet of general flynn today was scapegoat. scapegoat. you know what a scapegoat is? that means in a community where people want to absolve themselves of guilt, they get a goat and they heap all of the ills on to the goat and then they run the goat out