journalist attorney feldman gal is in the hospital after an intruder stabbed in the neck and work sonnenfeld is deputy editor of echo moscow one of only a few outlets for independent journalism in russia echo employees reports of the attack used pepper spray against a security guard in order to get gain entrance to the radio studio and she should proceed to be in a serious but not critical condition. i did w. correspondent and we show in joins us from moscow welcome and emily let's start with the condition of the tonya falcon gala what do we know. well we know that she's undergone an operation now and in a moscow hospital and that she's been placed on an artificial respirator and in an induced coma so doctors say that her condition is rather serious and that's that's all we know at the moment what is the latest what is known about her attacker. well police say that he's a foreign citizen though it's not clear where he's from at the moment that's not been confirmed some sources say he's israeli there's a video of his interrogation that was shown on state t.v. where he's speaking in russian an

gotten something on your shoe, not going to get it off by trying to change its color. >> jeffrey sonnenfeldol of management. >>> apple product popularity, the amount of gadgets on household depends on income levels the numbers from the all-america survey are next. >>> coming up on "fast money" mike novogratz, why he's going all in on cryptocurrencies and bitcoin. more "closing bell" after this throughout my career, i've been fortunate enough to travel to many interesting places. i've always wanted to create those experiences for others. with my advisor's help along the way, it's finally my turn to be the host. when you have the right financial advisor, life can be brilliant. ameriprise >>> welcome back with some breaking news on nafta at this hour ka kayla tausche has details. >> reporter: news regarding the percentage of parts in the u.s. and nafta countries in order for a manufactured good to be treated as duty free the proposal, from two sources who have been briefed on the plan, would require 85% of content to come from the three and a half that countries, mexico, canada, and the u.s.,

are higher than he's seen in some time we're going to discuss the warning signs and yale's jof sonnenfeldwhy the battle against nelson peltz will be a sea change for activist and more on the nfl's battle with colin kaepernick what's at stake and who is likely to win. carl, see you at the top of the hour. >> thanks very much. getting headlines from the president whom we expect to see shortly ahead of a cabinet meeting and some of them revolve -- mostly drug pricing, saying prescription drug prices in this country were out of control. saying he's looking at reducing government spending heading into the next budget season and looking at some welfare reform ideas. he argues, guys, that some people are trying to take advantage of the system while others are not receiving enough to live, but we will watch some of these drug stocks as this is not the first time he's made comments about drug prices in this country. >> yeah. it's not an interesting twist on this though, saying that the united states subsidizes the cost of prescription drugs for other countries and says it's unfair it will be inter

joining us is jeff sonnenfeld of the yale school of management.ributor ken is a legend in the business. put the company and brought the company through 9/11 but there have been ups and downs along the way. how do you think about this? >> this guy was an incredible peacemaker and he was in a quiet way visionary in middling together technology leaps forward as well as revolutions. a lot of challenges no greater than the back room politics of american express it was legendary subject to lots of books and entertainment but howard clark and raleigh warner off the board bringing down poor jim robinson with shady banking situations, peter cohen, harvey, it was incredible that in just a dozen years the number of personalities, egos and titans caught up in this drama and the only thing they had in common with each other is they all liked and admired ken chenault as he came through he has done a masterful job through not just back room politics but through 9/11 and a lot of leaps forward. big challenges on the competitive landscape now but he's -- he walks

proxy vote is being investigated the fight itself bring on what yale school of management's jeffrey sonnenfeld calls a sea change in activism he's live with us in new haven jeffrey, welcome back. >> thanks for having me. >> what's a sea ching in this peltz/procter & gamble fight >> i think what we're seeing it's inspiring such a number of boards such as at adp, athena health, to have sock backbone and to stand up against the assault of activists when it's not justified. there are times where, of course, they make an awful lot of sense, but what's happened now is we've seen a huge jump in the number ofthese activist campaigns, and -- and it's hard to see what's justified in the oh, so troubling years, you know, the mid-2010s that suddenly we're seeing this jump. we've seen a 40% increase in activist campaigns, and roughly 50% of them get settled before we actually have the proxy vote. when the boards battle it out to the proxy vote, scott, the management tends to prevail. last year 2016, of the 37 campaigns that went to a vote, management won 27 of them, but they tend to exit capitulate too soo

let's bring in yale school of management jeffrey sonnenfeld, talk more about the equifax and wells fargothis. good morning one thing warren said was, about wells, once you find out about a problem, you got to get it right, get it fast, get it out, and get it over with has wells done know of those things >> wells has done all of those things admittedly very slow to the start and this time with you, very critical of wells fargo, this time last year, the board changed dra mmatically, the leadership changed dramatically, but, no, they were slow. it was like looking at tony hayward of bp, and the way he was disdainful of congress, the way the former ceo john stumpf wouldn't admit to deep seeded problems in the culture, didn't say that there was a long-standing process of deceit, he was in denial over it all and the board was learning things for the first time in the senate testimony, and then a week later, he testified before the house, he wasn't much better, other than he had surrendered some of his bonus. the company completely took charge of this, there has been a big change in the board,