occidental under fire.icahn takes aim at the petroleum giant anadarko's deal, calling it a job preserving bid to stave off a takeover. let's get a quick check on the markets. we are seeing some positive pressure. stocks gaining ground. we had some positive news when it came to the trade outlook, potentially, chinese media now saying face to face negotiations could happen between the u.s. and china. a busy corporate earnings week as well. we also had a couple of positive analyst calls. apple is the biggest winner on the nasdaq, up .7%. this after morgan stanley lifted the price target for the stock. micron gaining more than 3% at the moment. goldman also rating it a new by from neutral. -- buy from neutral. take a look at the pound, taking a beating in today's session. thee was a forecast that u.k. could have already entered a technical recession because of brexit. not to mention, we have the vote on the new conservative party leadership, and that could mean boris johnson becomes the new prime minister. that

it's in an area between stanford, occidental and market. we brought it to you at the top of the newscast. when we know more, we'll bring it to you. >> a dog napper busted after taking a golden retriever from a market in japantown. surveillance video shows the moment someone walked up, unclipped the leash, and walked off with lee-lee the dog. it happenede right there. a cup many found her the next day wandering the sts. for loep two days ago investigating a hva matched the description of the dog napper. >> high prices continue to keep that shows homeownership in the bay area hit a seven-year low last quarter. that suggests even though the market has cooled slightly, high prices are scaring potential buyers away. study went behind that fewer people own homes here in the bay area than any other place in the country. >> we get these stories every week of how it is here. >>> up next, good news for the 49ers right before they open training camp and a well known baseball player from the south bay is retiring. stay with us. who's dog is this? it's

occidental petroleum has just responded. we are joined by our deals reporter scott deveau, who broke the story. occidental says we don't think we need one. what carlentially icahn is trying to do is get four directors on the board of occidental, and in order to do so he has to go through this very convoluted process. he has to get a record date, and get shareholders to support his move to replace four directors. occi shares are barely moving. do they think you will have much success here? scott: the effect of the matter is that carl icahn is no wimp on these kind of things. i think he's probably going to be pretty aggressive on his criticisms of the company. i think he sees this as a poster child for poor corporate governance, and i think he's going to continue his attacks. vonnie: he had been agitating for this in the past, but he's stepping it up in particular now and making very detailed claims about the chairman, particularly as it relates to warren buffett's deal with occi. the $10 think he thinks billion in financing t

vonnie: activist investor carl icahn is stepping up his attack on occidental petroleum in his lettereholders, saying its leaders rushed the deal to purchase anadarko in order to stop occidental from being taken over itself. >> essentially, what carl icahn is trying to do is get four members on the board of occidental. and he has to go through this convoluted process, he has to get a record date and get shareholders to support his effort to remove and replace four directors. carl: this is a good example of somebody that goes in and does this deal in a panicked way over a very short period of time and spends billions of billions of billions of dollars of shareholders' money, overpaying for it. i think there will be a day when we are very much needed on that board, because really, that board does not hold the ceo accountable and the chairman is not accountable, and i think the chairman is at fault greatly here, because the chairman has a lot of power on the board, and i think they are both greatly at fault for the way they conducted this. shery: softbank has announced it is launching a

coming up, we'll talk with carl ichan about why he is upset with occidental.m new york, this is bloomberg. ♪ we're the slowskys. we like drip coffee, layovers- -and waiting on hold. what we don't like is relying on fancy technology for help. snail mail! we were invited to a y2k party... uh, didn't that happen, like, 20 years ago? oh, look, karolyn, we've got a mathematician on our hands! check it out! now you can schedule a callback or reschedule an appointment, even on nights and weekends. today's xfinity service. simple. easy. awesome. i'd rather not. >> welcome back, this is bloomberg. i'm erik schatzker. a conversation with carl icahn, the legendary activist investor. we have him by phone. have written a letter to occidental petroleum shareholders concerning its proposed acquisition of anadarko. dealre unhappy about this for a number of reasons. tell me first, what do you object to most strongly? fact thatject to the they did a transformational that really put the company at risk, and did not go to the board members for a vote. they skirted the board membe

activist investor carl icahn pushes for more seats on occidental's board and congress works out a dealraise the u.s. that no one is very happy with. and former bank of england governor mervyn king is fed up with the battle over brexit and he says he knows why it has been dragging on. >> so far the thing that matters more than anything else is that parliament has voted for nothing. juliette: this is bloomberg. ♪ juliette: welcome back to "bloomberg best." i'm juliette saly. this week, a new nasdaq file stock exchange opened in china, shanghai's star market. the first day saw a trading frenzy as 25 companies that made their debut rose an average 140%, although the exuberance faded a bit as the week went on. bloomberg's selina wang caught up with china renaissance group's ceo, fan bao, at the launch of the new exchange, and asked how this new stock venue will distinguish itself. >> what's different is where to find the timetable, and it is all about disclosures, in the end. it's not about whether you meet a certain requirement for those things. at the end of the day, it is about disclosur

. >>> and earning his title of activist, carl icahn launches a new front in his fight with occidentaletroleum a busy hour still ahead when "worldwide exchange" retnsur fun fact: 1 in 4 of us millennials have debt we might die with. and most of that debt is actually from credit cards. it's just not right. but with sofi, you can get your credit cards right - by consolidating your credit card debt into one monthly payment. you can get your interest rate right - by locking in a fixed low rate today. and you can get your money right. with sofi. check your rate in 2 minutes or less. get a no-fee personal loan up to $100k. we carry flowers that signifyn why we want to end the disease. and we walk so that one day, there will be a white flower for alzheimer's first survivor. join the fight at alz.org/walk. >>> there's a live shot of the big apple, new york city, where it's about to get steamy and hot. heat watches and warnings in effect, not just for the city but across much of the nation. we'll get into that later. >>> welcome back good morning here's how your money and investments are settin

que puede ser mortal >> autoridades dieron a conocer una persona con el peligroso virus del nilo occidentalitar que ellos entres porque contaminan >> además evitar aguas encharcadas hay que estar pendiente del agua de las mascotas cambiarla todos los días, la mayoría de las personas que contraen el virus no tienen síntomas >> pero las personas que tienen síntomas tienen fiebre dolores de cabeza y en casos más extremos, puede tener inflamación en el cerebro >> la recuperación es lenta puede estar varias semanas te va costar comer caminar >> además de utilizar un repelente de mosquitos procure usar manga larga, it visitar lugares con moscos >> la muerte más reciente de una persona diagnosticada con este virus se registró hace dos años importante información de alejandra quesada ahora vamos a hablar de un tema que nos interesa mucho, los mosquitos expertos dicen que hay que usar repelentes para protegerse de garrapatas entre los ingredientes solos repelentes, pediatras aseguran que hay que evitar usar repelentes para niños menores dedos años llega también las personas que están pegadas a sus t

i wanted to point out occidental petroleum. ichan's ideaarl there should be a record date set.ot saying the shareholder proxy is backing ichan's nominee to the board, but is saying occidental shareholders should be looking at a record date. boeing down another 3.5%. more bad news on boeing planes and more uncertainty for the company. , even afters squibb everything it has been through has good drugs in the pipeline and that has that stock up 5.2%. guy: let's get back to our top story. the ecb leaves rates unchanged at the central bank president saying a significant degree of monetary stimulus is needed and the outlook is getting worse and worse. is the also talked about staff are going to be examining the possibility of grace. will that help out europe's banks? is jennaa asked sanders -- one man to asked is janice henderson bank specialist. let's start with the macro and then get into the more granular story. we are in monroe -- we are in mid-reporting season. how big of a shift would it be for the european bank outlook if we were to see tiered rates. discussion is interesting.

occidental has said there is no need.ed micron and applied materials are some of the better performers today. guy: let's change direction. european playmaker airbus has teamed up with the u.s. company to create the first high-volume satellite company to provide internet connectivity everywhere in the world. joining us now from the kennedy space center is the ceo airbus oneweb.and the ceo of thank you for taking the time to be with us. let me ask you this question first of all. this seems to be a crowded space. elon musk is involved. jeff bezos is involved. the more crowded it becomes, is that good or bad for you guys? >> we will be the first ones off. we already have six satellites up. we will be getting service worldwide everywhere in two years. if you have something that is a good idea and a new use of technology, there will be competition. we think competition is good. it will make the ecosystem more effective and allow us to do more at scale. increase forand everybody. guy: what does this bring to airbus? what is the

this is at stanford avenue in occidental street. you can see the flames from this video.t appears the video is under construction. no one we know of was hurt. >>> now to the fatal crash in san francisco last weekend. kelly dean has been upgraded to serious condition. her husband died in that accident. >> tonight, community members met to discuss ongoing safety concerns in the area where this crash happened and what more can be done to prevent traffic deaths. kate larson has the story. >> reporter: the deadly wreck on sunday has put the tenderloin intersection in the spotlight. kelsey cambridge was arrested for speeding through a red light, hitting cars and killing and injuring tourists in a cross walk. but just three weeks prior, major changes weren t area, reducing taylor street from three lanes to two, and adding painted wife bu eed whit zones. >> it's davis taevastating. >> reporter: she's pushing for state lawmakers to pass legislation for automatedcame t. >> nationally, it's proven to reduce the number of injuries. >> reporter: on wednesday, they spoke with concerned

. >> se estÁn organizando los vecinos del occidente de guatemala desde que supieron que importantes lÍderesscapando de la persecuciÓn de la que son objetos por parte de la policÍa salvadoreÑa >>> en el caso por ejemplo que es mucho menor la presencia policial se hace mÁs facil el hecho de poder ir y asentarse en el lugar. >> segÚn la policÍa en los Últimos dÍas capturados cometiendo delitos varios ciudadanos sÁlvalvadoreÑo por e hecho de alertar a los pobladores para no arrendar a extranjeros >>> han logrado mantener su pureza Étnica es el pueblo con menor incidente criminal y estÁn dispuesto as cerrar filas y evitar que grupos anti sociales puedan asentarse en el lugar >>> por las polÍticas que ciertamente es un problema que Él tiene como poblaciÓn no tiene por quÉ convertirse en un problema para la poblaciÓn guatemalteca. >> la situaciÓn no ha generado muchÍsimo nerviosismo y preocupaciÓn hasta que emitio un comunicado informando que no atenderÍa a migrantes y que tampoco le prestarÍa atenciÓn mÉdica a los extranjeros. >>s telemundo buscÓ una explicaciÓn pero nadie quiso atender despuÉs e

the fight over occidental's acquisition of anadarko.of doing business with warren buffett. and another roundup, another round of lawsuits over monsanto weedkiller roundup. we speak to lisa safarian, bayer's head of crop science in north america on new technology for farmers. ♪ alix: i'm alix steel, and welcome to "bloomberg: commodities edge." it'3

oakland, after a late-night fire burned a building that is under construction at stanford avenue and occidental street. firefighters were able to keep it from spreading. they say it's too early to know whether this was an arson fire. no one was hurt. >>> sonoma county sheriff, mark esquill appeared in an event, featuring mexican music tonight. to reassure latinos that the sheriff's office will protect the rights of immigrants. the sheriff said he wants latinos to know that his deputies will not assist federal immigration authorities and will not ask anyone reporting a crime about their immigration status. the sheriff is scheduled to appear at the grayton resort and casino in rohnert park. >>> immigration rights advocates are revealing federal immigration officials used the oakland airport as a hub to remove thousands of undocumented immigrants. the meeting was held yesterday of the port of oakland board of immigrants. it follows the report from the university of washington, saying 27,000 people were deported through a private charter, out of the oakland airport, between 2010 and 2018. >>> and w

. >> traen sus experiencias migratorias hasta lugares tan remotos como este en el occidente salvadoreÑoas y entusiasma al joven y aquÍ y dice me voy. >> pero aquÍ los jÓvenes tienen la oportunidad de interrogar de primera mano a los migrantes. >> hay muchos peligros, momentos donde uno puede perder la vida. >> gracias a sus respuestas, muchos estÁn cambiando la idea de emigrar. >> nos estÁn contando la historia cuando van para allÁ, es mejor no arriesgarse, un efecto que es precisamente el que quieren lograr estos deportados.. >> si yo lo sufrÍ no quiero que lo sufran los demÁs. >> parece una buena estrategia, para seguir informado de todo lo que sucede, inscribase al boletÍn informativo enviando un mensaje al nÚmero en pantalla para estar inscrito y mantenerse al dÍa con toda la informaciÓn. anoche se volvieron a encender los Ánimos entre los equipos de bÉisbol, los piratas de pittsburgh y los rojos de cincinnati, el estadio se convirtiÓ en un ring cuando el lanzador de los rojos abandonÓ el montÍculo porque le pareciÓ escuchar algo desde la banca de los piratas y se fueron a los puÑos

it started just before 10:00 last night at stanford avenue and occidental street. i want to show you video that was posted on twitter, shows the flames, the firefighting response. they were able to quickly get that fire out and keep it from spreading. no one was hurt. and firefighters say it's too early to know if it was arson. >> there was smoke and fire showing. so they quickly went into fire tech, saw the water. initially from the interior. and due to the structural instability, it is under construction. and also, there were some visible signs of visibility. then we regressed it outside the structure and continued applying water. >> neighbors say the building had been under construction for at least the past few months. there have been at least three construction fires on the oakland-emeryville border in the past few years. now, a ktof the building, a little only fly drones a safe distance away from active fire and crime scenes. never while active air operations are under way. >>> our time now, 4:03. charges of felony hit-and-run, are facing a 19-year-old woman

in the united states, very soon, they'll be a minority of occidentals and majority of people of colorwe are on a direction of change. let's hope this board does that, also. >> hello. my name is jasmine harvey. i am strongly for painting it and covering up for good. our children need positive images and encouraging images every day that they enter school. like i said, it's already hard enough for them to go to school, and to see oppressive images is bad. my father has a cleaning business, and there's no way it can be that outrageous amount, not even a quarter. so i feel that needs to be relooked at, too, and yes, paint it down. like i said, more to say, but paint it down. >> hello. my name is sher long, and i think this painting, it's offensive, the thing i've heard about how it's hurting them instead of helping them. i don't believe it's erasing history, it's just, you know, doing the right thing. like, it's obviously not, you know, really -- you know, doing anything positive, so i'm just for taking it down. thank you. >> hi, board of education. my name is karen, and i've just graduat

in the letter to shareholders, saying they rush the deal to take over anadarko in order to stop occidentalarl icahn is trying to do is get for board members on the board and he has to go through this convoluted process, he has to get a record date and get shareholders to support his effort to remove and replace those directors. >> this is a good example of somebody that goes in and does this deal in a panicked way over a very short period of time and spends billions of dollars of shareholder money overpaying for it. board really does not hold the ceo accountable and i think the chairman has a lot of power. they are both greatly involved with the way they conducted this. ♪ >> softbank has announced it is launching a second vision fund, this time worth $108 billion. we know about this second fund? >> we know it will be named sensibly, vision fund 2, we know softbank will contribute $38 billion. quite a bit more than what they put in originally. it is in line with what we have are hearing, that they looking to take a much more active role in controlling stake in the fund. so far only softbank

icahn opposes the $38 billion deal that occidental proposed saying it was financially irresponsible.n his slate of board of nominee sources telling the paper chasen declined that request. told former ceo that he would join the board if it would help solve the dispute. icahn is said to have spoken both over the phone and continue to disagree over the anadarko deal occidental up 1%. >>> david einhorn out with a new letter to shareholders it begins with a new case study of chewy comparing it to pets.com those who think the 2000 bubble was the big kahuna, consider chewy. he didn't say he was betting against chewy which seemed to be the implication. his market value is 30 times pets.com he also thought -- >> he was short in that same letter he talked about something he was short in. >> i'm going -- now i'm sort of thinking back. i was actually thinking back right now to green mountain. remember when he was against green mountain for so long and then green mountain went up. it's kind of tough we'll see. >>> when we come back, we've got breaking economic data second read on economic data a

it started last night just before 10:00 at stanford avenue and occidental street. video posted on twitter showing the flames and firefighters kept it from spreading. no one was hurt and firefighters say it's too early to know whether it was arson. >> there was smoke and fire so they quickly went into the fire attack and began applying water and initially from the interior and due to the structural instability because it is under construction, and also visible signs of instability, and we regressed to the outside of the structure and continued applying water. >> the neighbor say the building had been under construction for at least the last few months. there have been at least three construction building fires near the boundary at oakland- emeryville in the last few years and one ktvu viewer sent a drone video of firefighters during the firefight. you can get a birds eye view of what is left of that building and firefighters finally put out the flames. it is a quick reminder only fly drones a safe distance away from active fire and crime scenes. >>> the alameda coun

octob occidental is the other one they are trying to consolidate they could emerge.ing a great combination for those two companies particularly after o cc i sheds some non-overlapping assets that annodarken has >> what do you like >> td america clients gravitate towards diversified oil. exxon, chevron it will be interesting to see how td america clients trade the occidental deal. there's a lot of volatility. i think how td america clients trade that over the month will be interesting to see. they do gravitate towards diversified oil majors >>> now anything can happen in these final minutes of trade 13 left to be precise. and we are lower but only slightly still possible we could get gains for the day. nasdaq is only down 0.14%. up next your last chance trade >> here are the leaders in the s&p for the week "closing bell" is after a quick break. and you should be mad your smart fridge is unnecessarily complicated. but you're not mad, because you have e*trade which isn't complicated. their tools make trading quicker and simpler. so you can take on the markets with confi

led to her incredible career as a university consultant, not only at princeton but also at yale, occidental college, caltech, and many other universities across the u.s. she was a consultant at princeton until 1943, so that was a very long time for her to do it. but during this time she battled with the architect as to the division of labor. he assumed that she was a horticulturist. she, however, new that she was a landscape architect and wanted to have a say about steps and paths. referredn staff there to her as the bush woman. because she was always there directing all the gardeners as to exactly how to install everything. today this courtyard at princeton, as i said earlier, is now recently renamed the beatrix farrand courtyard. it was also around this time who she met woodrow wilson, was then president of princeton from 1902 until 1910. she was ay by 1913 frequent visitor to the white house. wilsonsas through the that she met the scholar, maxa baron, who she -- max farrand who she married in december 1913 and they of course lived happily ever after. in twoerein two -- here wonderful pic

the fight over occidental's acquisition of anadarko. round of lawsuits over monsanto weedkiller roundup. we speak to the head of crop science in north america on new technology for farmers. ♪ alix: i'm alix

the building was under construction at stanford avenue and occidental street.efighters were able to keep the flames from spreading. but it's still too early to know if this was an arson fire. no injuries have been reported. sheriff mark esec will appear featuring mexican music tonight. to reassure latinos that the sheriff's office will vote to protect the rights. the sheriff wants them to know that his deputies will not assist immigration authorities. the sheriff is scheduled to appear at the grayton resort and casino. >>> immigrant rights advocates are demanding answers after a report out this month, revealed they used oakland airport as a hub to remove thousands of undocumented immigrants. now, a meeting was held yesterday of the port of oakland board of immigrants. it follows the report from the university of washington. saying 27,000 people were out o >> and we want some tranparency. what they knew happened from 2010 and 2018. and what they're going to do to try to stop it, moving forward. >> the port says it was unaware that these deportation flights were

see the flames in the distance and the firefighters to get control of it at stanford avenue in occidental street nobody was hurt, but this is the 3rd fire at a residential building under construction in the oakland every bill area this year. >>we're following this morning police are looking for the person who shot a man several times in hayward it happened at a liquor store at the corner of a and princeton streets. it happened after apparently the victim of the gunman got into a fight in the store. that's when shots rang out police don't have any information yet on the shooter and we're still waiting for an update on the victim's condition. east bay walnut creek police taken big steps now towards addressing the homeless problem in the city together created a new homeless outreach program covers christina tape cho has more about that live from walnut creek christine. >>officers from the woman with creek police department who worked there for years who are now a part of that program and taking leave with that. no came after a community meeting where many people the community voice, the fact

. >> the fire started at this commercial building at stanford and occidental street. you can see the flames in this video. the building appeared to be under construction. no one was hurt. >>> police are looking for more victims of a man arrested on sexual assault chargetion involving young boys. 46-year-old randall haldeman, according to deputies, say he repeatedly assaulted at least three boys. the crimes date back to the 1980s. he's a former photographer for a youth swim team in menlo park. >>> we're hearing from the owner of the tesla involved in last r union scare. albert kim was not driving the car at the time of the crash. he rented it to 21-year-old kelsey cambridge through the getaround app. kim says the car's data is corrupt in the five minutes before the crash. but the dash cam video he was able to see showed her driving safely. >> i'm surprised because she was very slowly driving and crossing market street, very casually and slowly. you could hardly believe that she would just accelerate just like that. >> police say cambridge was speeding through a red lig

>>this fire was at the stanford avenue in occidental street area construction area nobody was hurt. but this is the 3rd fire at a residential building under construction in the oakland emeryville area this year. a developing story this morning police are looking for a person who shot a man several times in hayward and a liquor store on the corner of a street and princeton street. the victim and the gunman got into a fight in the store and then the shooting happened we don't have any word on the victim's condition. for about a crash in san fr a somewhat outraged the community here because how could this happen and you've got young people in a car. you're an adult you have the responsibility of looking out from people this in your car that's all of us where was in your car that's your responsibility. so take on the responsibility be an adult and tell everyone. >>kids in the car and witnesses reported speeding about a 100 miles an hour down city streets police say speak clearly a factor in this crash. and again they're looking for that driver this mo chase a dui crash really that kille

they had this out last night at the stanford avenue in occidental street construction site, nobody was hurt, but this is the 3rd fire in a residential building under construction. in that area in oakland in emeryville area this year. another big story. >>and the east bay we have walnut creek police now taking big steps to address homelessness throughout the city created a new homeless outreach program and kron four's christina tape cho has more about it from walnut creek. >>and it's a 2 year pilot program and there are archie's me it's a new pilot program and there are 2 existing wannacry police officers who are in charge of it they were assigned to it and it will mcree police say that so far over the past decade. they've seen a stream increase in homelessness here in the city and it's been. >>white condense over the past 2 years currently they're taking about 2500 to 3,000 calls a year and now the main goals of this outreach program is to really build relationships with the homeless is community here in walnut creek also connecting those who are living in homeless. >>miss with service

the flames from a distance and the firefighters got it under control there on stanford avenue and occidental street nobody was hurt, but this is the 3rd fire at a residential building under construction in the oakland emeryville areas this year. >>well the big story of the east bay now is walnut creek police are taking big steps towards addressing homelessness in that city they've created a new homeless outreach program cowboys christina teacher is live in walnut creek to tell us how it works. >>it is a new program just piloting within the past month here and there are 2 officers from walnut creek police forces that are assigned to it existing officers who volunteer for it and this all came about from community mean meetings that they've had here in walnut creek with president to voice their concerns about a rising homelessness issue now walnut creek police say that the says issue and numbers have grown steadily over the past decade and currently they're taking around 2500 to 3,000 calls a year now this program again it is to officer pilot program, the main goals building relationships with

chevron >> after the big breakup fee they got more recently -- >> a billion for doing nothing on the occidentaleal >> outside of the majors we also have concho. and access to incredible assets in the permian that would be our preferred vehicle. >> you are selective buying individual names the sector as a whole, it's a sector i cover and know well, it's been a dog. >> it's been tough >> it's a sector for speculator. and that's driving the price of it as much as production coming out of the u.s i just think they are pure trading vehicles when they are completely hated by everybody or completely -- >> isn't there some opportunity there? you're right they are trading with the price of oil but not all oil companies are created the same better management, worse management, different locations. they're all trading together everyone is dumping or buying them at the same time. >> as long as you have passive money and etfs and you are seeing more money come in, it's difficult to distinguish my oil plays, i'm long the airlines, long united airlines because the airlines don't hedge anymore to any extent. s

it happened on stanford avenue occidental street in an apartment complex under construction. it's the 3rd fire at a residential building under construction in the okra oakland and regional area this year. >>out of the east bay walnut creek police are taking big steps now to address homelessness in the city they have created a new homeless outreach program convoys christina take te'o explains more from walnut creek. program that they just >>yeah o released this past month and it actually got 2 officers assigned to it it was something that they brought up in one of their community meetings and that that's something that they've so far started implementing because of that so far the community and the police officers here in waller creek have all said that homelessness is a growing issue here and actually the calls that they take per year now have increased and are anywhere between 2503,000 a large number the 3rd the city is not necessarily used to now the main goals of this pilot program are really face a to build relationships relationships with the homelessness population here

. >> being banned in a lot of places >> he continues his fight at occidental, mr.gaink ict seat four directors. talked about it a number of times. he came with another letter. more and more, vicki howell, the ceo, not responding to him, letter for letter, word for word, he keeps going at that buffett deal the money that was brought in, that warren buffett got, the 8% on a $10 billion investment that allowed them to raise the cash portion enough so that they could actually avoid a shareholder vote, which might have been more difficult for them in terms of completing the anadarko deal. if hollub negotiated a deal, despite her limited experience in m&a and the board says mr. icahn was misguided enough to rubber stamp it, one might say it was the fiduciary duty to accept the deal. it was a deal that only mr. buffett could get given his endorsement being so important, of such importance and it was out yesterday >> let me ask you, they bring in -- are they bringing in high level -- does icahn have high level oil executives >> no. he doesn't. >> no? >> some experience, i

abigial: breaking news on occidental.ed -- carl ica has slam

tom: i do not know if you can talk about occidental but will we see more oxidation's and hydrocarbonsentioned. prices are low and there is no debt overhang that existed a few years ago with the fractures. ackers. they are ready to be harvested and a lot of people missed out. guys -- mis what mna and a guys say. was it harvested by brookfield? francine: are there any other industry groups that are right for consolidation? carl: it is hard to find one that isn't. factor behind m & a has obviously been an issue and technology has created the ability to globalize. the technology impact is not changing and it is accelerating when you think about it, you will see more and more companies impacted by technology. affected byis technology. huge ag company is looking at drones and all sorts of everything. technology is affecting everything and makes things happen. if i could think of an industry that wasn't true, it would be things where it is not happening . technology is driving everything. francine: is at the right kind of m&a? desperatione out of because the companies will be irrelevant? bob

occidental is pushing back against carl icahn who wants to replace for members of the board. is not -- the bloomberg business flash. tom: right now, let's bring up a chart, this is an extraordinary chart, it is not logarithmic because it is negative interest rates. withis the german two-year massive persistency down, and the rollover you see right now. want to showhau, i how absurdly low these interest rates are. way, waybound is way, up here. we cannot continue this, can we? wolfgang: no, we can't. well, we can and we have seen what happened in japan. it is not healthy and something needs to be done. bankbility of the central on its own to lift this has severely limited. it will have to be -- tom: what is the immediacy for deutsche bank, commerzbank, and the finance system of germany? banks havehe german traditionally needed higher interest rates and they have been saying they need positive interest rates because their business model relies on this, what they are adjusting like everyone. i have never bought into the story that negative interest rates would completely destroy

it's almost like, you know how occidental did that stupid deal where they took 8% money from warren buffett fact that pfizer even thinks that mylan's going to exist is a really big deal. and mylan, did they get a good deal i don't know they doubled down on the worst part, but i've got to hand it to heather presh. she now has pfizer heather bresch, ceo of mylan, was watching her stock go down, and it was selling the pe is like lowest and people don't like generics. suddenly, she does this deal and people say, you know what, pfizer doesn't think they're idiots pfizer's willing to partner with heather bresch. >> so, mylan comes out, gets more bang for their buck on this one? >> yeah, and they got the up -- look, they're -- the margins are not great, one, generics but i think that heather bresch is able to say, you know what, you think i'm awful? pfizer partnered with us so cover your short. >> that's true you've got that. >> got to hand it to her. >> and sanofi beating and raising their guide, one of a string of raises. >> i think lilly's going to do that i think merck's going to do that i thi

. >> desde que el condado en california reportÓ su primer caso de virus del nilo occidental, la preocupaciÓnun ingrediente clave para ser feliz en pareja y tener una vida plena, para eso estamos con la coach ca carrillo, ¿cÓmo estÁs? bien gracias por la invitaciÓn. >> hemos estado hablando de la paciencia y la importancia de tener ese ingrediente principal en nuestra relaciÓn sentimental, ya sea estÉs casado o no, cÓmo podemos definir la palabra paciencia? >> la palabra paciencia para el diccionario es la capacidad de soportar algo de aguantar algo, sin alterarse, o sea que esto si lo vemos bien como que no es un concepto agradable, muy sano, esto de deportar algo sin altee no es posible, somos seres humanos, hay que tener cuidado con esta palabra que la utilizamos sin ningÚn cuidado. >> creo que la paciencia se dice mÁs facil de lo que realmente es practicarla, yo sÉ de algunas parejas que se hacen de la vista gorda que para no crear conflictos con la pareja, como que mejor no enfrentan la situaciÓn. >> esto nos explica el comportamiento de la persona sumisa va tolerando aguantando situacio

stocks to watch, carl icahn has filed a proxy statement seeking to replace four board members at occidentalatrol yum petroleum >>> skechers surging today as second quarter results topped forecasts. the company saw big sales gains in india, china, mexico, the middle east, and strong demand for its women's, men's, sports and street wear lines. >>> coming up, want to hit this up and see what the market cap is microsoft -- >> it's the largest. >> headed for 1.1 with the "t. i hope in my lifetime i see it begin with a q, quadrillion. >> that will be a long time. >> maybe if you live to a really, really old age >> microsoft shares hitting new highs. we'll break down the company's report next. and then blackrock's ceo larry fink will join us to talk about the quarterly numbers, the markets and a lot more remember, he got some grief for saying i expect a melt-up before a meltdown >>> at 7:00 a.m., we'll be joined by marc lasry who owns the milwaukee bucks, and baseball superstar alex rodriguez, who has so much money and -- >> a big investor in real estate >> loaded. >> has some interesting things i