. >>> we'll discuss results with aig peter hancock, that's one not to miss. go anywhere, we're back in a couple minutes. before our ey. sixty to seventy million people are moving to cities every year. at pgim we help investors see the implications of long term megatrends like the prime time of urban expansion, pinpointing opportunities to capture alpha in real estate, infrastructure and emerging markets. partner with pgim the global investment management businesses of prudential. i'm vern, the orange money retirement rabbit, from voya. i'm the money you save for retirement. who's he? he's green money, for spending today. makes it easy to tell you apart. that, and i am better looking. i heard that. when it's time to get organized for retirement, it's time to get voya. so what else is new? humm..she's doing good. she needs more care though. she wants to stay in her house. i don't know even where to start with that. first, let's take a look at your financial plan and see what we can do. ok, so we've got... we'll listen. we'll talk. we'll plan. baird. >>> look at

who would replace peter hancock?e were to be ousted, it would be the seventh ceo since 2005. who can be the person to turn around the ship that has had so many problems for so many years? oliver: it feels like anytime you have a poorly performing quarter or whatever it falls -- the buck stops with the ceo. the fact that they are actively looking, why so quick to pull the trigger? has this been a long time coming? contexta little bit of -- that had activist investors on their board. as of late they have been a little more quiet. paulson has been settling down. we wonder where the activists sit now. poor --e results are so the stock has dropped 9% that day. that is the worst one-a performance since 2011. that drew some eyeballs. scarlet: to your point, if you come inside to bloomberg, you can see the institutional investor makeup of the stock. we will look at carl icahn here. fifth biggest shareholder with 4.66% stake. you mentioned john paulson here as well. after percent stake. the most recent move would reduce his s

according to the wall street journal, penalize or even oust ceo peter hancock on the disappointing resultslier this month. according to this journal report, mr. hancock's directors are expected to debate at a board meeting, potential actions resulting in cutting his bonus or possibly even removing him. this comes on the heels of more than a $3 billion loss in the fourth quarter. that was much bigger than street had expected. we have reached out to aig for comment. we will bring that to you once we hear back. according to this report, aig directors are poised to discuss whether to penalize, even p potentially oust peter hancock. >> you see it spiking on the news. >> yes. >> thank you, morgan. rick santelli is tracking all the action on the cme. hi, rick. >> when you look at my charts, we've had a couple of data points today. durable goods. headline was okay. intrinsic, internals were weak, revisions were weak. having said that, intra-day of twos, up 6 basis points, tens, up about five basis points. intra-day of the dollar index isn't even up. it's down. fed fund futures may be the culprit.

peter hancock on "closing bell" last night. >> ten years ago we were doing about 15 billion in revenuethis business. today that's down to about 3 billion. so we've been reducing it and quite dramatically over the last 18 months as we really realized that these trends were going the wrong way. put in the context of a more balanced set of lines of business with multi-line clients. we think the quality of earnings going forward will be a lot more stable. >>> take a look at shares of aig this morning, they are down by more than 4 point be point 5% as investors digest the loss. >>> express scripts seeing a fall. shares down by about a percent pre-market. lending club issuing a weaker than expected outlook for the current quarter and upcoming fiscal year. they're looking to bounce back from a scandal. they fell sharply lower by almost 7%. >>> more stocks to watch. humana watching it will pull out of obamacare in 2018. the news comes after the insurer and rival aetna says they will walk away from the planned $34 billion merger. humana shares up 1% this morning. fossil reporting disappointing

wall street journal report that the board is considering whether to blame and possibly fire ceo peter hancocke wake of lackluster fourth quarter earnings. remember, their stock was down huge after that. driven by a larger than expected $5.6 billion boost to claims, reserves or charge in other words. the company telling cnbc aig's board of directors and management team have agreed on a clearly defined transformation plan for the company. they're all on board with the current program including management. hancock addressed that $5.6 billion number when we spoke to him on earnings day earlier this month. here's a listen chblts t. >> the news of the quarter is the prior development we announced on our reserves. you need to look at that with the announcement we made three weeks ago of the reinsurance transaction we did with berkshire hathaway. that basically off set a large part of that reserve strengthening. going forward we're sharing the risk with berkshire on this historical set of underwriting decisions that go back decades basically the last 40 years. so while a very large number even for a

how do you think peter hancock is meeting the company? -- leading the company now?shrinking the company. i am sorry to see it happen. ever is a long time. i don't know. it depends on the leadership and the market, many things. but leadership is the important part. scarlet: thank you so much for joining me today. hank greenberg, the chairman and ceo of cv starr. scarlet: thank you for the conversation oliver: coming up, the senate is poised to get from steve mnuchin as treasury secretary here and how the leadership vacuum at the treasury department has been affecting u.s. economic policy. this is bloomberg. ♪ scarlet: this is bloomberg markets. oliver: time now for the bloomberg business flash, some of the biggest business stories in the news. dupont and his former unit has agreed to pay over $670 million combined to settle personal injury lawsuits related to a teflon tim called a polluted water supplies in west virginia and ohio. will be split evenly between the companies and 3550 claims.out both companies deny any wrongdoing. facebook is adding live games growing s