>>> hedge fund nelson peltz trian and dupont rages on. today mr. successes as director. in fact including many testimonies to his success as director. fighting back against dupont's refusal thus far to settle. joining us to break down the details nelson peltz founding partner and ceo of trian partners, $1.9 billion of dupont stock and has for a while. >> might be 2 billion today, it's up. but before we get started, i want to wish my wife happy birthday today. >> that's nice. >> claudia, happy birthday. >> 29? >> just turned 29. >> well done. >> we've been married over 30 years. >> only you, only you could create that wealth. >> my lord. all of those children. nelson, i want to get to news right now that i have pick up, at least, from my sources which is that yesterday you had a conversation with the ceo of dupont, with lead director sandy cutler in which you made a new offer, if you will to say, okay i want four board seat but was now i will accept two boards seats on dupont and two on the planned spin-off na dupont has. >> right. >> a, is that the

i'm saying that peltz creates value. >> there's a look at peltz as he came to the floor and answered criticisms that he has targeted female ceos and a lot more. >> i know. and he found fault with our charting. which i thought was a new level of -- >> directing? >> do i get a kick out of nelson peltz? absolutely. do i think he's done terrific things for investors? definitely. if you bought stock after he announces you made money and dupont is probably the best evidence of that's the case. carl, thank you. we all come out as professionals. if someone who you respect says hey listen you did a good job it's like hey, that's a pro telling you that you did okay. i like it. >> absolutely. icahn, it's not his first rodeo. >> no it's not. >>> when we come back greece's prime minister feels the heat and walks away from a cnbc interview. you've got to see this exchange. later on we'll go to south by southwest, talk with walter isaacson. the dax this morning got above 12,000 for the first time. pre-market here looks pretty robust. more "squawk on the street" from post nine at the nyse when we re

for more about this, we are joined now by jennifer peltz of the associated press. so first of all, are these similar to or the same as these photos that we saw almost a decade ago now? how many more are there? >> well all that is kind of a question mark. obviously because they haven't been seen but also it's unclear even how many photographs may exist. this all stems from a freedom of information act request that the american civil liberties union filed in 2003 asking for documents about the treatment of detainees by the u.s. military in various places around the world. and there have been various numbers floated over time. but there is a possibility that there could be hundreds or even thousands of photographs what they depict and whether they depict what could be considered abuse is also unclear. >> so what does the government do in these next two months? what are their options? >> well the government asked for a couple of months to decide whether it should appeal or whether it wanted to appeal. so that's one thing that apparently the defense department will be d

i do no not think that peltz will win because the stock moved too much.n is trying to get things to be as good as possible. i think they should put him on the board. don in virginia. >> caller: hey, jim, how you doing? boo-yeah. yeah, i got a question about shane digital. >> they had new games. look, it's an interesting play. i mean if it's gaming i'm always going to go to take two interactive. david in texas. david? >> caller: hi, jim. how you doing today? >> very well, how about you? >> caller: i'm doing good. i'm calling about virgin america. >> they're okay. remember the pecking order. southwest, because they never lost money. spirit air, and then we like american. aal. those are our triad. jennifer in idaho. jennifer? >> caller: mr. cramer what's going on with whole foods? >> whole foods is good. it's really starting to really gain strength again. i really like it. they're doing a lot right. and i like this level to buy whole foods. one more. let's go to mark in texas. mark? >> yeah. jim, the stock is vmv health care. >> it's at a 52-week high. an am

>> well nelson peltz gets a bug on certain things, he is a tough guy.'re not going get rid of him. so something is going to happen here. at 18 times forward earnings, dupont is probably not expensive. but it's certainly not cheap. but i'll say this in terms of the stock. you're at levels now that we topped out at back in 1998 so if you're buying it here, i think you're sort of playing with that old double top fire. i'd much rather look for a breakout above 82, then catch on the back of it then. because i think given the run the stock has had, steve mentioned nosebleed territory. well, dd is nosebleed territory. >>> 28 of 31 banks passing the fed's stress test. but with the fed meeting on tap next week, dan was thinking maybe this is a potential short. >> well, yeah. here is the thing. you don't really want to short the ones like the investment banks, goldman and morgan stanley. they were great price action today. the news is good. when you think money-centered banks like jpmorgan and citigroup also acted very well. bank of america sticks out like a sore

hear these guys talk about how these companies have so much to cut, and that heinz, though nelson peltzas on the board for years had more to cut, you have to zero base every year and only 3g guys could get the cuts out of the companies that apparently have been well run, what does it same? >> the companies are trying to make it so brand extensions work. maybe chipotle mayo. they have research and development. you know what this is? this is valeant, just wants you to use a completely different model, it's valeant coming in and saying we can slice r&d, make more money, we know how to do it you're spending a fortune trying to reinvent lunchables forget about. in the meantime heinz funnel heinz was the most international of the domestic-based companies. we forget how much of the business was overseas. look how you can run these things through the pipe. you know what? brands that may mean to our parents something or warren buffett something, maxwell house, it may resonate in other places. kraft singles may resonate. much more than they do here. you've got the heinz international pipeline you

we talk a lot with nelson peltz, 23 minute interview he didn't like our graphics. >> will you stop.ave been doing this i don't know how long. that's a rarity. >> best interview. nelson peltz is unhappy when dupont sold its coating business to carlisle got a low multiple say 5 ebitdaing and translated when the company became public to the multiple dow got with olin. it's a win-win for both companies. you'll see olin up. was it done by the activists? it was put in place before the activists joined the board. you don't want to -- this was in place. it changed dow chemical to a more proprietary chemical company, gets a higher multiple. we'll speak to andrew liveris for more details. >> i'm glad you noted this was in place before the activists. often time activists take credit for things that companies have already put in place long before because they get into the stock. to your point, third point, was ray -- >> ray from foster wheeler. >> and steve miller. >> heavyweights put on no doubt about it. now the reason why i say that you know if you look at the previous quarters andrew had be

. >> all on rejection of nelson peltz being a member of this board.as off of those highs of $80 a share. pushed it down again. another name where i think opportunity on pullbacks. >> up next in case you haven't heard it's march madness time and when it comes to the stock market, several stocks clock in as top performers during the famed tournament. why you should be betting on stocks not your bracket after the break. later it's bean rough week for shares of coke but the options market saw some bullish activity. a look at the action next. >>> college basketball's march madness tournament kicks off tomorrow and by the time april 6th rolls around there's one winner. same isn't true for stocks. cnbc.com chairman has crunched the numbers. joins us now with stocks that could pay off much more than your march madness bracket. this is amazing stuff because for some of the stokcks it's 10% of the time. >> several stocks. look at march 17th to april 6th they are up every time ten out of ten times. names like avon, colgale palmolive, waste management. if you loo

they want to add ceo nelson peltz to the board, but that has been rejected by the company. >> today'suana is a lot stronger than it used to be. scientists found levels of thc were close to 30% which is more than three times higher than 30 years akboe. that is your cnbc news update this hour. back to "squawk alley." >>> thank you, sue. we're only a few week ace way from the much anticipated launch of the apple watch. they could follow with a apple tv announcement in june. so what's really next for the tech giant and what does it mean for the stock? colin gillis is a tech analyst. >> great to be here. >> end of the year, you had a hold on apple and $103 price target. stocks up 25% since then. were you wrong? >> here's the key can apple. it's got a tremendous franchise with the iphone. but it's highly dependent on the revenue and high margin they receive. and that market is slowing down. that dependency -- it's a great company. they have a tremendous ability to generate cash. but will they be able to sustain that given that the dependency on the hardware unit in a market where it's decli

i thought that microsoft would do something internal activists the way nelson peltz was speaking yesterday kullman, i thought there was internal activism the microsoft. it seems to have gotten quiet. >> idc out with their expectations for pc sales, down 4.9. >> this is something. i think that the pc you're listening to tim cook, you know that everything's -- they have one pc that's selling, by the way. people are buying that pound pc that white pc they have. remember, these pcs could put men on the moon. they're not putting anyone on the moon. i don't want to go to the moon. >> with oil what it's doing, back in the high 40s, once again, it's delta's popping again right after a long stretch of pain. >> speaking to jim mcnerney yesterday from boeing he says they're flush. they add planes when they add planes it's profitable. literally they can help themselves. buy a new plane, planes are all full, it is a great story. boeing's a great story. i asked jim mcnerney, is he worried about the political, whether europe's subsidizing, he said no when you ask a ceo, you say, no i don't think. no. i s

not necessarily aligned with peltz.bviously great synergy when you have a heinz ceo added to pepsico, he could be very very helpful, which is the case with pepsico. but that's not -- that's the opposite of general motors. >> yeah. >> the opposite. >> and buffett, of course also very much getting behind mary barra as ceo. >> yes. >> let's get to rick santelli at the bond pits. rick, take it away. >> reporter: if you look at all maturities today we're a slight bit -- i mean we're talking one basis point higher on yields than we were friday. look at one day in a two-day of tens pretty much moving sideways. very good activity but sideways nonetheless. february 1st chart, so basically a one-month chart, can you clearly see that. this will be the beginning of the fourth week. so we've had 16 sessions. now, they've been in a closing yield range of 1.96 to 2.14. now, this isn't as tight as like in october, but it's pretty tight indeed. and if we look at a one-month chart of bund yields it's also pretty tight. and of course, the

actkman ackman icahn, peltz, singer you're looking at a gallery of activist investors.. there's no question they know how to make money for themselves. but are they looking out for your best interests? let's bring in bethenny mcclain "vanity fair" contributing editor, also herb greenberg, pacific square research. bethenny, i'll begin with you. i was shocked in this report i read from a law firm last year that there were 237 activist situations around the world in the year 2013. that's about 230 more than i thought there would be. is there any evidence that these guys and most of them are dudes, are making money for everybody, or just themselves? >> i think that's a great question and precisely the right question. i was surprised when i started to ask long-term sharls what they thought and surprisingly the answer was that most of the time, they felt that activists are on the side of leverage investors and are actually working hand in dploef with these guys to maybe make noise in a way that the long-term shareholders aren't comfortable doing. but the feedback i got was mo

i think peltz continues to persevere here. i disagree with the call. >> wynn resorts.back from vegas. >> i did. >> you probably added to a little of the take. >> that's the problem. you're right. that's why there's a big, beautiful place in vegas and all those big beautiful places are absolutely jam-packed. the problem, however, is mackeough. short-term, that's the reason for the downgrade. it makes some sense, but when you look at it right now, the yield that it's giving you and when you look at the balance sheets, this is a very strong company that has great potential. >> all right, under the radar time. two things that traders are watching. might not be today, but certainly should be. what's on your radar? or under it? >> there's a note from bank of america merrill lynch on facebook's reiteration. their target is 92. what they talk about today is that what's app may not have been a hugely wasteful expensive acquisition, which is my opinion. but when they compare it to line and some other messages. they also mention they see instagram up at a billion bucks in revenue

dupont rejecting a bid by actavis investor nelson peltz to change the way directors are elected.ed a universal proxy allowing investors to vote on what activists with the company. the company says no it wants to submit its on slate and then have other people add to the proxy, if they are allowed. lastly exxon mobil cutting capital expenditures for 2015. not much of a surprise to $34 from $37 billion. the stock lower today. s&l, this company is a provider of industrial fasteners and supplies to manufacturers, including the oil and gas industry. its february sales up 8.6% disappointing. the company said it was hurt by the stronger dollar as well by a decline in sales from oil and gas companies that share's off 2.6%. teen retailers out with results. abercrombie & fitch, its profits in line with expectations sales weaker. gross margins improve. company upbeat about the second part of the year. you can see its stock under pressure. american eagle outfitters stronger than expected results and it's being rewarded with a gain of over 7%. want to talk about a car deal as well. mastercard

nelson peltz is there.d trying to be an activist from the inside? >> again, the nice thing about having insiders be such large shareholders is i think they're very concerned about shareholder value and shareholder rights. it's a good group and i think nelson and i bring some additional perspective in terms of representing shareholders to bear. but i think it's just consistent with what the company's been trying to do for a long time. >> the idea of splitting msg. obviously this has been something that was already spun off from cable vision. the idea of splitting it would be why? what are the advantages? >> it's hard to talk about it because of the public violence that we're making but the argument is that the value of some of the assets are enhanced by separating certain ones from other ones. and as you've seen with a number of other situations in the corporate world over the last couple of years, the potential to have the two pieces trade to shareholders who more value that type of entity whether it's from