trian is one of several partners to express interest since papa john's put itself up to sale amid a bitter fight with its founder, john schnatter. schnatter still remains on the board and has a 30% stake in the company. both sides ahave been in a publi battle over who is responsible for a decline in sales nelson peltz wanted to discuss a deal with wendy's. analysts have said papa john's, which has a market cap of about 1$1.5 billion may be attractive to someone looking to focus on building a strong brand like wendy's has done papa john's shares are up more than 8% in the premarket the stock is up 7% since schnatter resigned on july 11th. >> watching that story as well thank you, jackie. >>> here are three more big money stock stories. shares of ppg are looking ugly this morning off more than 9% the company warning both its third and fourth quarter results will be hurt by higher raw material costs as well as lower demand from china. ppg saying costs jumped the most in two years. >>> google reportedly dropped its bid for a massive cloud competing contract from the pentagon that ten-year deal

let's go from papa john's to pizza.e the latest show on the road. check out the new pizza making robot that literally cooks pizzas on the way to a customer's home. it can bake and box of pizza on the road. it's about time. the pizza is always soggy when it comes delivered to your home. now you're getting clever. they are popping over 400 points. it's up 113 on the premarket. as kanye west getting out of politics for good. you can feel the energy. it's been a crazy couple days. the fire they are ready to celebrate there. number four. congrats. we will be right back. [music] [text tone] (daughter v.o.) trisha's having a sleepover tonight. can i go? (mom's internal thoughts) i wonder about luci's friends. what should i say? i know you're only 10, but one of these days a friend will offer you a drink, and alcohol at your age can lead to so many things. none of them good. so can i go to the sleepover? luci, i want you to promise me something. i finished my homework. bigger promise. if there's any drinking, i want you to say,

thought about the company filing for trademark and patent paperwork to remove the apostrophe in papa john's he had to say. what's your take on their new advertising campaign >> it's better than the last one. >> reporter: your response to them removing the apostrophe from john's? >> i didn't know they did that. >> the last campaign was more critical of him. it pulled from social media some criticisms that came out from people who had been cust moefrs papa john's who were disappointed to find out he used a racial slur in a conference call schnatter told us he's not looking to come back as ceo. he says he's part of the company, he retains a board seat and is the largest shareholder he said his message is that he is acting in their best interest as he always has been. he is the only witness to testify today. we'll bring you updates as we get them papa johns the company says john is simply trying to distract from his own words and actions in filing this suit and another suit against their new ceo as well as the board of directors back over to you. >> kate rogers who has absolutely owned that sto

pizza hut has tried to capitalize on papa john's trouble.t ran a promotion earlier in the season inviting customers who may have been dissatisfied with papa john's to join its loyalty club domino's ceo says the company doesn't plan to follow suit with add advertising but it might not have to. "e" research, last year domino's was at 14% of the quick service pizza market compared to pizza hut at 14.2% fouling behind little sees as at 7.2% this year they could make a run with papa john's falling to 6 point phi% and the stock, of course, continues to soar, it's up 45% year-to-date making it one of the best performers in the space. back to you guys. >> thanks. >>> oil slightly higher, just about 70 bucks a barrel. >>> plus sears, the latest former retail giant closing more stores what are malls going to do with all that empty space the second hour "power lunch" starts right after this. oh, and there's the closing bell. (sighs) i hate missing out missing out after hours. not anymore, td ameritrade lets you trade select securities 24 hours a day, f

shares of papa johns jumped nearly9% to 54 pft.990. american airlis says fuel costs are rising and that it lofts $55re million inue last month due to hurricane florence. the fuel costs concerned investors who sent the shares down more than 6% to 33 process.55. >> exxonmobil is committing $1 million over the next two years to promote a tax c onbon emissions by corporations. according to the "wall street journal, this type of donation is rare among the oil majors. exxon see a carbon tax as an alternative to patchwork regulations out there right now. exxonmobil shares rose a fraction to 86. today. and shares of snap hit an all-time low after a wall street analyst warned the company in his words is running out of money. according to move et nathanson, the social media platform may be forced to raise capital as early as the middlef next year. and the analyst is predicting a slowdown in userrong. snap shares finished down more than 6% today to $7ye even. and bloomberg is reporting that a malicious implant was discovered a couple months ago o

. >>> another stock to watch today is papa john's shares of the chain are rising on news that legionartners has now taken a 5.5% stake in the company in a filing with the s.e.c., legion partners says papa john's has multiple financial paths to significantly higher valuations. >>> papa john's founder john sena schnatter had his day in court yesterday. is he seeking documents relating to his ouster. >>> we are just getting started on "worldwide exchange." up next, the brexit battle heating up again theresa may making some more major headlines as the clock ticks towards an exit. >>> and later on your must-see video. a horse walks into a bar and you won't believe what happens next except it's not a joke it's in france which means it's automatically doubly good. i know that every single time that i suit up, there is a chance that's the last time. 300 miles per hour, that's where i feel normal. i might be crazy but i'm not stupid. having an annuity tells me retirement is protected. annuities can provide protected income for life. learn more at retireyourrisk.org >>> welcome back let's show

wall street journal says that it recently contacted papa johns for information as it considers a bid in september, company founder john was reportedly contacting private equity firms to buy back the company. >> this news -- to papa johns i tell you. we have a lot more news coming up you want to stay with us. there's outrage after google, this closes breach of users private information, they hid the breach as tracee was telling us for months. does this mean for regulation for technology companies? we're going to talk about that and looking at technology why is is microsoft getting into the ride hailing business? taking a look at futures it is all about interest rates concerns about inflation. we're watching the tenure treasury investors are watching tenure treasury would you dow is down 85 in premarket. s&p is down 9. nasdaq down two and three quarters. you're watching fbn:am. ♪ so, they say that ai is the building block of the future. super. but today you're building wind turbines. morning sir. chief, the blade isn't passing quality gate. that's why you work with watson. i detect fric

papa john's has been exploring a sale amid a bitter fight with john schnatter who was ousted as chairmanack in july. schnatter still remains on the board and has a 30% stake in the company. both sides have been in a public battle over who is responsible for a decline in sales nelson peltz wanted to discuss a deal with wendy's. it's unclear whether wendy's would buy papa john's or trian would buy and operate the chain separately if you check out papa john's shares, up by over 8%. that stock had been down 7.5% since schnatter resigned as chairman >>> inflation expectations are on the rise. dom chu is here and has been reading the signals from the bond market. tell us about those signals coming to you. >> i need a receiver for space travel and everything else if you look at what's happening with the interest rate market, it's been the biggest driver of what's happening you mentioned the multi-year highs for the ten-year and 30-year long bond. if you look at some of the reasons why some traders are feeling as though we're due for a pause, it's because on the extreme left-hand side of the scr

separately, papa john's founder john sha nattsha nat schnatter day in court looking at the dow, downints. >> that's a big enough story, papa john's for that to be on "closing bell. >> the interesting thing about this, he was not just the former ceo who was ousted, he owns like 30% of the company it's not so easy to make a 30% owner go away. >> you know why i'm excited about it being on "closing bell"? >> why >> because wrilf will say pepa. you heard him say that, right? >> i think he may have altered his pronunciations >>ly be watchini will be watchig it's jobs week in america we're counting down to the friday jobs report. joining us is lan hi chen. he has watched one day you're looking at horror what's happening. the next day you're like this is not so bad how are you feeling -- the trump presidency, initially i think a lot of guys at the hoover institute were like who is this guy. >> that's a fair assessment. >> is he a conservative? a populist is he a republican he used to be a democrat i'm not sure what -- how you feel it you tell me how you feel >> i don't know if we have an ans

trian is one of several parties to express interest since papa john's put itself up for sale amid an , john schnatter, who remains on the board and owns nearly 30% of the company's shares. papa john's is the world's third-largest pizza delivery chain after domino's pizza and yum brands's pizza hut. the louisville, ky., company that mr. schnatter founded in 1984 has more than 5,000 locations in 45 countries. ( darya )monique asks .... should i buy snap now that the stock is at a low? (ácommercialá)(áábreakáá) (dave)onshore flow will gradually redevelop tonight and tuesday and then strengthen tuesday night and wednesday. this will result in a cooling trend through mid week. a weak offshore wind event is possible later this week and a warming trend if forecast from friday into the weekend. (robin) major hot spot in sf on the sb central to sb 101 stalled tour bus in the #2 lane. baybridge wb 80 slow from the maze is trying to figure out whether a deadly limo crash was driver error or a vehicle malfunction. a candle light vigil was held last night for the 20 people who were killed in the l

. >>> we have got now a market flash on papa john's it is moving in a big way. kate is telling you why. >> stock moving higher by nearly 7% they are among the firms that are looking to acquire papa john's snyder has multiple lawsuits against the company since he resigned after admitting to making a racial slur earlier in the year if you remember they did tap bank of america earlier to kind of work with the company as this crisis is going on the stock is up by more than 7.5% it is on a report that they are among the pe firms that are to acquire papa john's. back over to you >> all right thank you very much. stocks still down 21 bank account ov-- 21% over the last months we have barbara here, sam and rick i have a simple and some what porcht question -- important question for you is what we have seen for you the start of a correction that will ultimately reverse or bare market that could last quarter or years >> in my mind it is very clear it is not the start of a bare market market is very concerned about rising interest rates what is interesting to me is revenue

explained thetly reason behind papa john's surging shares. there would be a takeover bid. papad not speculate that john's founder was meeting about a potential merger with trian. there are other potential bidders, including private equity firms. global news on air, 24 hours a day and at tictoc on twitter, powered by more than 2700 journalists and analysts in over 120 countries. this is bloomberg. matt: thank you. we had your bloomberg national news headlines. let's bring in one of the top corporate stories. joining us now is our editor in .ome was this unexpected? to indicatething any big moves in the works. perhaps this comes as a surprise. research suggests the ceo change will be well received. we see tehe share price reaction. what does the say about performance has gone down with shareholders? >> i thought there might be a negative shock. he is the ceo is for the big turnaround. .is work is done she is trying to move on to someone who can take the company forward. he is trying to move on to someone who can take the company forward. we don'

he added that the company looks forward to moving past and creating a better papa john's.hould mention we are several weeks away from a decision it is unclear if the judge is going to rule from the bench it looks like it did not happen. we are awaiting comments from john snyder. back to you. >> thank you >> guess what is next? check please we'll be right back. one-millionth order. millionth order. ♪ there goes our first big order. ♪ 44, 45, 46... how many of these did they order? ooh, that's hot. ♪ you know, we could sell these. nah. ♪ we don't bake. ♪ opportunity. what we deliver by delivering. when it might be time to buy or sell? with fidelity's real-time analytics, you'll get clear, actionable alerts about potential investment opportunities in real time. fidelity. open an account today. >>> all right. it's nice to be here >> i'm running on caffeine >> what do you miss most >> i do miss you mic check please ge has its problems. it said in june it will spin off the baker hughes division. i do wonder if i'll keeps going up is ge making a wrong move at the wrong time or di

moved from panama city beach to panama city, this area is harder hit you can see what used to be a papa john's, a dry cleaners next door and move down the street, you can see power lines are lying in the road this is the case almost all over this part of panama city almost all of the metal signs are gone marco, if you can swing around, bring us back to papa john's, look at the comfort inn. the windows are blown out, you can see curtains blowing through what used to be glass in front of the comfort inn used to be a pet supermarket it has been kpleecompletely destroyed. we went to the lowes major destruction, unable to open one side was collapsed, roof was missing, damage in the back. trailers turned over in the parking lot. there's a t mobile not far from where i am, it was almost completely demolished. really the ceiling caved in on it, glass pushed in. this is all from wind from the hurricane. with likely tornadoes that touch down within. it is hard to do business here, with 841,000 people still without power throughout the five states that got hit by the storm. we spoke to some of the chemic

pa papa john's. my only point would be that does not seem to be the best candidate. >> how is that campbell's balance sheet is holding up after that brilliant snack bite? >> all important points. dow is up 3 clnt.45. bob pisani is on the floor >> let's take a look at the sector quickly here. emerging markets tough week, they are bouncing nicely and communication services are up. consumer staples, what there is your value play. that's lagging banks, we got the earnings in. the bottom line is good enough it was a lot of concerns of loan growth by and large, most of the companies did well jp morgan results, long growth of 6%. most banks are averaging 1% to 2% loan growths and car sale volumes are up 12% not bad at all about the turn around, why the turn around? the most obvious answer is the correct one here we have drastically over sold conditions in the last couple of weeks. thatst t that's the main thing that's powering the turn around right now. we have the meeting between trump and xi we have mnuch

papa john's as well as, by the way, pizza hut have been losers versus domino's, and papa john's has terriblebers versus what domino's has i could see trion coming in and saying, listen, a year from now no one's going to remember exactly what drove it down, and there's a lot of low-hang fruit to fix at this outfit because papa johns has been undermanaged for several years. so one thing i would say about trion is that they like to go with the best not with the worst. you can say wait a second, they did ge, that was the worst. >> procter & gamble. >> procter & gamble is a high end company, but does it make sense that they would do it? it doesn't make sense that the stock is up big and they haven't told you these guys are real honest, and i would think that they would have to be out there saying here's what we're doing. that is not nelson's style his style is to tell the truth here's full disclosure that's been his game, and i think that if he was really going to make some sort of move, it would have been out there in the press. that's my view of the way nelson works. >> can we turn to the marke

big short positions here too i don't know how many remain but almost a quarter are short >>> papa john'sand former ceo testifying in court over his ouster from the pizza chain. find out what he is saying when we come right back free access to every platform. yeah, that too. i don't want any trade minimums. yeah, i totally agree, they don't have any of those. i want to know what i'm paying upfront. yes, absolutely. do you just say yes to everything? hm. well i say no to kale. mm. yeah, they say if you blanch it it's better, but that seems like a lot of work. no hidden fees. no platform fees. no trade minimums. and yes, it's all at one low price. td ameritrade. ♪ at&t provides edge-to-edge intelligence, covering virtually every part of your healthcare business. so that if she has a heart problem & the staff needs to know, they will & they'll drop everything can you take a look at her vitals? & share the data with other specialists yeah, i'm looking at them now. & they'll drop everything hey. & take care of this baby yeah, that procedure seems right. & that one too. at&t provides edge to ed

has his eye on papa john's. they are considering a takeover bid.a mixed for a fight over the founder. the founder of rome's 30% of papa john's and is still on the board. a country's latest attempt to take on divide. tv there areomberg plenty incentives for a company to commit to a 10 year agreement. >> the proposition is simple. company out .f c qutar and basicallyital pay off operating expenditures. taylor: saudi arabia and the uae are using the same tactics, including plans to relax the company ownership rules. that is your "bloomberg business flash." francine: now to emerging markets and the imf has slashed growth for turkey. businessing, at a forum in budapest, the turkish president erdogan says the nation has been the target of attacks. web marcus ashworth of unicredit bank. when you look at -- we haven't marcus ashworth of unicredit bank. when you look at what the president is saying, will they meet half way are will there be more market movement for the leadership in turkey to take action to fix it? marcus: we have the plan coming up from th

. >> at least peyton's papa john's will have some fresh tomatoes. >>> coming up, the music superstar the white house and the issue he's raising with the president. >>> also, was a famous pizza chain really selling frozen pizzas? the company's response to this viral video. >>> and later the link between a woman's sleep schedule and her chances of getting pregnant. a woman's sleep schedule and the chances of getting pregnant. (girl) my mom washes the dishes before she puts them in the dishwasher. so what does the dishwasher do? (vo) cascade platinum does the work for you. prewashing and removing stuck-on foods, the first time. (mom) wow! that's clean! (vo) cascade platinum. moderate-to-severe eczema, or atopic dermatitis, you never know how your skin will look. and it can feel like no matter what you do, you're itching all the time. but even though you see and feel your eczema on the surface of your skin, an overly sensitive immune system deep within your skin might actually be causing your eczema. so help heal your skin from within. with dupixent. dupixent is not a steroid, and it con

. >>> coming up, papa john's foundfoun er testifies details straight ahead >>> welcome back to "squawke're live in times square among the stoiries front and center, ge replaces their ceo. john flannery is out replaced by larry culp ge also said it would not meet -- that stock is higher by 13%. >>> tesla higher premarket trade following news of a settlement musk will be allowed to remain ceo but will have to give up the chairman host. he and the company will each have to pay a $20 million fine we should note that tesla investor ron baron will join us live tomorrow. tesla shares up 16.5%. >>> two economic reports are on today's calendar the institute for supply management index will be out as well as august construction spending both due out at 10:00 a.m. eastern time >>> i'm going to read this and say -- someone did just point out to me ge's had like six ceos in history supposed to be there for 20 years. this is unbelievable >> what was this 14 months? >> just a little over a year that's a first i was trying to figure out the original dow component, thomas edison. >> clearly they were n

. >> caller: my question is about pzza how do you feel about papa johns in the long-term >> i think they are doing well in the long-term domino is doing well and pizza hut is doing good. peter in texas. >> caller: i am currently a junior at the university of texas. i have a question about starbucks. as we head into the pumpkin spice and holiday season, i notice starbucks has been trading inversely. >> i like the background, here is the thing you need to know. i don't think this is a turn around quarter, but the company has been buying back stock left and right. i think the stock only has a couple of points downside and many points upside i think kj is doing a good job. >> this market boils down to three ps, rates, inflation and the fed. on "mad money" tonight, inflate gate i think this may be a case of a much ado about nothing then power rankings are no longer just for football how watching wall street's rankings can make you money. zillow, a real winner for investors, has the story changed? i am eyeing the company after its recent drop. so stay with cramer. >> announcer: don't miss a se

i have double cheese and there was a question, how does dominoes play on capit capitalizing on papa john's woes >> it is a fragmented category, we are the market share but we still only sell one out of six pizzas in the u.s. we are staying focus on our strategy and our execution and not on the ups and downs of one particular coming pet tors -- competitor. >> if this was amazon and we are talking pizza, technologically, you continue to pull ahead i think the hot spot is fantastic. >> it is another great way to engage our customers a lot of players in pizza are constant members in the product of the month club, and we got out of that club a long time ago and focused on things that were interesting and innovative that we can do to engage our customers. hot spot is another one of those. shows our customers, that we are going to take their pizza any time and anywhere they want to get it. >> i follow the paper industry, corrugated is coming down. not every single food item is going up in price. are you able to handle that okay >> we are still very much in our expected range in terms of the cost

i'm not sure about papa john's looking at the turnover they've had there too is why is it you've lostpp, instagram and the people are being discouraged from the key acquisitions, it was the people that made the difference why can bob iger buy the top leaders and hold on to them at pixar, marvell, lucas and keep creative people together here it's kind of the my way or the highway. when it comes to regulatory compliance, it's a huge issue. the electronic issues have been contained. they're following blindly and religiously. they need to put more pressure on him, wealthy. if you do that, you need to be accountable to them. >> we've gotten you up this early. we're going to ask you about a third topic. call it the sonnenfeld triif he can at th-- trifecta. boards have to have at least one female of the board. i assume you would support this move >> that's a tougher one. if you take a look, we've come a very long way on boards but not so well -- the old -- you've come a long way, baby. we've not done so well with women ceos it's only 5% that's crazy, 24, 25 of them that's ridiculous. however

papa john's surging closing up nearly 9%, following "wall street journal" report that activist hedge fund trian capital headed by nelson peltz considering taking over the company. this is months after its founder john schnatter made racist remarks during a conference call. we'll follow the story and bring you any updates when you see it. david: florida in a state of emergency right now. we have a live update on the hurricane officials are saying could be the most destructive to hit the panhandle in decade. >>> he said he wasn't going to let our farmers down. now he is following through. what big change president trump is making for the agricultural industry in america. former shell president john hofmeister joining us in a moment. >> make our farmers great again, right? [cheers and applause] make our farmers great again. ♪ the mercedes-benz of tomorrow will transform not just the automobile, but mobility itself. an autonomous-thinking vehicle protecting those inside and out. and it's the mercedes-benz of today that will help us get there. the 2019 e-class, with innovations that will c

. >> stephen: excuse me, excuse me, signora, pizza was invented by papa john!xpect, some italians are not happy about the opening. >> it's for tourists. come on, for tourists! >> i like starbucks, but it's like a big invasion. >> stephen: i don't blame them for being offended. i mean, that would be like if some dumb american did an offensive italian stereotype. and "that's a just-a wrong." ( laughter ) in meat-related news, a man bought a slim jim for his dog and a lottery ticket, and won $10 million. and now that he's rich, he can use that money to pay doctors to resuscitate the dog. ( laughter ) meanwhile, merriam-webster has announced that more than 800 new words have just been added to the online version of the dictionary, including "adorbs," "fav," and "airplane mode." ah, yes, "airplane mode," noun, that thing that flight attendants tell you to put your phone on, but you don't actually do it, because the guy next to you isn't doing it. and why should he get to watch netflix while you just have to watch "the spy who dumped me" or whatever united is offerin

. >> juan: what are you going to say about papa john's? he is a right wing nut.orrible things. >> greg: i don't eat pizza. there are dietary issues we can't get into here. [laughter] i usually -- ice cream for breakfast. >> juan: judge, because you are a fan of ben & jerry's, i the you should get a vat of chubby hubby for your friend, donald trump. >> judge jeanine: that is mean. donald trump is going to be dancing on election night. a >> greg: this really is their penance. they are contributing to the death of people. >> juan: i thought you were joking. ice cream contributes to the death of people? >> jesse: you are the ones that said tax cuts were going to make people die. >> juan: what did i say? >> jesse: you and nancy. >> greg: is there anyone in my ear or do you take the day off? a liberal comedian is calling out the media for how they cover trump. that's ahead. fact is, every insurance company hopes you drive safely. but allstate helps you. with drivewise. feedback that helps you drive safer. and that can lower your cost now that you know the truth... are

. >>> the imf slashing its global growth forecast but it's not all bad news papa john's popping on newsir richard branson making big headlines this morning telling cnbc he expects to be in space in weeks not months. get ready to take off on this tuesday october 9th as "worldwide exchange" begin

we learned the 56-year-old was working at a papa johns in hollywood, florida.ld not comment on him. they said they couldn't. had to talk to corporate. we talked to employees of neighboring stores. they said they saw the van parked in the strip mall parking lot plenty and they found it very disturbing. shep? >> shepard: phil, you were at the mail sorting facility in opa-locka, right? >> yeah, federal government investigators had a very strong suspicion if not wednesday definitely by thursday that several of these package bombs went through that south florida u.s. post office sorting facility. that's where all the mail comes in and out for all of south florida. last night they evacuated all the workers, brought in their bomb-sniffing dogs with the fbi and miami-dade police and said it was a preliminary, tentative precautionary investigation, just to walk through everywhere and make sure there were no package bombs. they did find package number 11 addressed to cory booker that had not yet been sent from florida to his office or his residential address. after all t

. >>> but first, happening now, papa john's founder, jo acknowledged in court this morning he used the "n" word while discussing the addition of singer kanye west in advertising. he told the court judge he left the company before being voted out, as he wanted to spare the company the negative publicity. we'll be back right after this break. area. meteorologist kari hall is tracking the storm and where the wet spots will be. plus -- repairs continue at the transbay transit center. what you need to know before you get caught up in a traffic nightmare. join us tomorrow from 4:30 to 7. 4:30 to 7. at at&t, we believe in access. 4:30 to 7. the opportunity for everyone to explore a digital world. connecting with the things that matter most. and because nothing keeps us more connected than the internet, we've created access from at&t. california households with at least one resident who receives snap or ssi benefits may qualify for home internet at a discounted rate of $10 a month. no commitment, deposit, or installation fee. visit att.com/accessnow to learn more. weekend to check out some alt

is rising reuters reports bain capital, cc cvc capital and roark capital are trying to acquire papa john's reached, john schnatter is battling to regain influence after being ousted as chairman earlier this year >> he's a huge shareholder in the company. so anybody willing to do a deal may be saying we'll let you back in to have a job if you go ahead with our deal. >>> when we come back, president trump's new drug plan is shaking up the pharma industry just yesterday the ceo of pfizer told cnbc that the new proposal to tie drug prices to an international average would be bad for patients we'll get the administration's take next. fda commissioner dr. scott got le gottlieb will join us next gottlieb will join us next at&t provides edge-to-edge intelligence, covering virtually every part of your finance business. and so if someone tries to breach your firewall in london & you start to panic... don't. because your cto says we've got allies on the outside... ...& security algorithms on the inside... ...& that way you can focus on expanding into eastern europe... ...& that makes the branch manag

founder john schnatter wants -- the provision negative ly impacts them from a possible sale of papa john's didn't win the mega millions jackpot on friday, neither did i or anybody else. the drawing this week is now at $1.6 billion with a "b." likely to grow larger. you add on power ball with another $600 million and you're over $2 billion. we can dream >>> elon musk making a new -- >> elon musk making news with a tweet that -- >> is that you go for it. >> you got so excited about the lottery. >> i did >> the company founder and ceo says the first hyperloop -- actually, elon musk is a true lover of -- where are you on him now? >> i am still a believer. >> still a fan boy >> no, what i've said over the time is i don't want to bet against elon that's like betting against humanity i'm not happy with some things he's done. >> it's like betting against humanity >> i think so. >> the hyperloop tunnel soon going to be open for public rides. the first los angeles tunnel opens on december 10th he did some other crazy stuff on twitter again recently what was it? some argument about fortnite >> i didn

investors are getting back their appetite for papa john's. pizza chain surging 19% following a report that a hedge fund is exploring a takeover bid. back in september, the company's founder reached out to private equity firms, seeking help to buy back the company. shares of papa john's actually up in the premarket, 9% jump. look at that. then there is this, a really weird sight in lake michigan. a kayaker was on the water when he spotted an alligator out there. the four foot american alligator was swimming with its mouth taped shut. you don'the kayaker knew it wout survive in the water especially with the mouth taped shut. he slowly pulled the animal to shore. it was taken to a wildlife shelter. the guy actually towed the alligator with his kayak. maria: why was the mouth taped? cheryl: they don't know. somebody obviously had that alligator as a possession. dagen: very often, like all the snakes in the everglades, are people who had them as pets, like a lot of the pythons that have been released and they don't keep them and they release them

shares of papa john's are down 7% so far this year.ressure has been on that stock has his troubles have increased. maria: a shakeup at cbs, the details as the interim chairman, richard parsons, is stepping down from the board. hasbro and halliburton reporting quarterly earnings, we break down those numbers. hasbro now down 9% in the premarket. back in a moment. ♪ there's got to be something more. ♪ got to be more than this. ♪ i need a little less hard time. ♪ i need a little more bliss. ♪ i'm going to take my chances. ♪ taking a chance i might. ♪ find what i'm looking for. ♪ there's got to be something more. - [narrator] at athene, we think it's time for the financial world to stop acting the same old way. in today's complex world, you need a partner that is driven to provide you with better solutions for these challenging times, one that is willing to disrupt the industry, and break free from conventional thinking. (thudding) we are a different kind of financial company. we are athene, and we are driven to do more. hey guys. today we'

he owns 30% of papa john's. he is still on the board. is looking into ridesharing in china. talks to set up a joint venture. the project would take on the industry leader in china. that is your bloomberg business flash. globalthe imf cut its growth forecast blaming stresses from emerging markets. we welcome mike mckee. julian is still with us. they cut the forecast. what were the main points? mike: it's a weird place to do it. they are meeting in bali. everybody should be happy. we can show the main takeaway. you can see the imf cutting its outlook by .2%. 3.9% that theyom forecast. it's the first downgrade since 2016. they blame the natural fatigue you get at the end of a long economic cycle. some of this is the trade war's that could really affect the global economic growth for years to come. what they are actually forecasting, it's not just the world slowing down, but the u.s. and europe slowing down. the u.s. will slow down to 2.5%. europe doesn't change. asian does. inflation is idiosyncratic. it goes up a little bit in the u.s. . you can see the trade war in china. the

also papa john's, a very big day in court for the founder of the company was trying to get back control. it was revealed he had a couple of nondisclosure agreements with women. taking on a whole new level of the sexual light of assault issue that is so big for comment ceos and even supreme court justices. there were questions about why there was a nondisclosure agreement and he did not describe it. boeing rising on -- rising. this is a stock in the crosshairs of trade and yet it is doing well. shery: we are also seeing treasuries hitting background highs. notehat is interesting to is 10 year treasuries have been renewed by a lot of these funds. the latest trading data shows we saw a 10% increase right ahead of the fed meeting. what that tells us is the path is now clear. this trade is not coming to an end. a lot of people shorting the 10-year. back-and-forth about where oil goes next seems to be looking more bullish. renewed talks of $100 a barrel. we saw a renewed futures hitting the highest in four years. su: intermediate trade in the u.s., a big surge. declining.e rig that is creatin

. >> and papa john's getting a big boost in today's session we'll tell you why when the closing bells when you rent from national... it's kind of like playing your own version of best ball. because here, you can choose any car in the aisle, even if it's a better car class than the one you reserved. so no matter what, you're guaranteed to have a perfect drive. [laughter] (vo) go national. go like a pro. see what i did there? ♪ ♪ put your data to work on the cloud that drives business. the ibm cloud. the cloud for smarter business. the ibm cloud. wat t. rowe price, hundreds of our experts go beyond the numbers to examine investment opportunities firsthand. like a biotech firm that engineers a patient's own cells to fight cancer. this is strategic investing. because your investments deserve the full story. t. rowe price. invest with confidence. anchts new video production hub. we'll talk about this move and netflix other plans. we have details on the new task rce aiming to protect the investor we are back in a couple of minutes. is the fund built to sell or built to last? etfs are only

. >>> papa johns the pizza outfit, some reports that private equity firms want to buy it.for the company. the stock is up 20 cents. >>> president trump is considering ending birthright citizenship. our next guest did you not agree with the president. look at this a tweet from new jersey gop senate candidate bob hugin. listen to this the president is wrong to end birthright citizenship. i took an oath to defend the constitution, including the 14th amendment. we're a nation of immigrants, made better by the diversity of its people especially in new jersey. we need compassionate comprehensive immigration reform now. that was written by bob hugin, joins us now in new york city. senatorial candidate for great state of new jersey. >> great to be with you, stuart. stuart: why are you rejecting the president? >> i really criticized president obama for the executive over reach. he tried to change the economy and restrict business opportunity, doing thing presidents shouldn't do. we should bring together, if we want to change the 14th amendment, change the birthright issue, make sur

meanwhile activist hedge fund is looking to perhaps make a bid for a papa john's which is but it's aboutt it from facebook is a video chat who works with your camera that'll follows you so this is weird. the other day i was watching the nfl and they showed from john brady, tom brady looking up imagine if we look went through life looking like that. >> i don't think it is a terrible thing. [inaudible conversations] >> it is interesting tech. instead of you sitting there you can move around the room and it will intelligently follow you. it can't follow you outside the room but it will be a big yawn for facebook. >> as a facebook shareholder i hope it will not be a god. for spending a lot of money on marketing but it's the first time since their phone attempt to get into the hardware market. charles: what do you think will get it back because it looks like it has lost steam with facebook and we don't know what with the founders leaving but what's next big thing and facebook to keep the momentum that they lost or regain it? >> monetizing the 2.2 billion users. they don't have to change. if y

john's, bute papa let's talk about ge. we have new accounting questions weighing on the company. under a new ceo, as well. >> there was an expansion of the sec probe and now the justice department has joined, it was appalling on of bad news, ge and let's a 2009 low look at some of the headlines, the new probe is now looking issues with the power company, and now also looking at the way they wrote it off, if you look at the stock, it had the biggest slump in 120 years. su keenan with the latest earnings out of the u.s.. coming up next, president trump downplays the recent stock slide, saying the market is taking a slump since the midterms. this is bloomberg. ♪ i am a family man. i am a techie dad. i believe the best technology should feel effortless. like magic. at comcast, it's my job to develop, apps and tools that simplify your experience. my name is mike, i'm in product development at comcast. we're working to make things simple, easy and awesome. comcast business built the nation's largest gig-speed network. then went beyond. beyond chasing down network problems. to knowing w