remember, trian, they had been on record liking him bornstein too.oday which is unfortunate, but this man has lots of loyal followers. i think what's going to happen is that you're going to see one of these analysts break ranks in the next 24 hours and go from sell to hold to buy. >> we'll watch for that we have 60 seconds to do a quick "mad dash" here. >> someone wants to make a name and it's missow low, let's downgrade apple and panic everyone this says the service revenue is not that good. this is one of those -- this is a -- this is a statement downgrade which means you never heard of it, but today you have. and you know what i say? it was down on friday. >> i was going sayif you -- because friday gave them some cover. >> sunday downgrade. everyone is talk about it. i don't know, i think crosby was talking about it on the evening of the stanley cup, did you hear they downgrade ge and missow low? >> at the big board this morning, it is goldman sachs celebrating the access investment grade bond etf. and then robo global celebrating the automation i

there are questions swirling about what trian wants for p&g.id, he confirmed what has been out there, there are ongoing constructive active engagement with the hedge fund between p&g, david taylor himself, and nelson peltz and trian. he said we're willing to engage. we want to be better. taking ideas from the hedge fund as he says he takes ideas from many stakeholders on this company. as it relates to the strategy, he says they're moving ihead with sharpening the -- ahead with sharpening the focus on ten different categories and empowering them to make decisions and operate independently. so they have presidents leading the individual ten categories anything from laundry, to the gillette shaving business, and they're innovating on which markets to go into. this is a big change for p&g. every decision used to be made at the top. at the cincinnati headquarters. so a little bit of streamlining of focus. of course, the big goal is to try and grow top line growth, try and growth the category. that has been elusive for procter & gamble even after it

that infuriated the folks at trian, which then continued to put pressure on the company.y changed the way they were tying bonuses -- >> that doesn't do it either >> some 2001 we should do it came in the wreak befoeek before september 11th >> he weathered through that he weathered through the financial crisis what you saw was honeywell taking off after 2008. >> utx or and the rest of the market this may be one of the few companies that is still more than 50% below its ighs. >> an ill-time move into energy. >> ill-time move out of nbc universal. >> ill-time move into subprime mo mortgage if you went back in hindsight and tried to buy high and sell low you could not do it more effectively. john flannery does run the healthcare piece of general electric there was a three-horse race going on behind the scenes the other person who could have been picked was jeffrey born ste bornstein, the cfo, who was liked by the trian people until they missed their numbers. and steve bultz was also considered a front-runner. t then the question becomes do both of those gentlemen stay with com

we don't have a date on that no comment from trian, but i can confirm now according to my reporting andhas filed for a board seat on procter & gamble we have been watching that stock outperform, outperform some of the staples and in a down market got me thinking -- this is a long question since that stake was revealed by trian back in february they'd have a billion dollars in procter & gamble what they wanted this may be a good clue and a good starting point a position on the board. a strong board there are 11 directors currently. meg whitman. jim mcnearney and of course david taylor the current ceo the latest reporting that we have gotten according to david taylor and p&g a few weeks ago there are ongoing constructive conversations as there are with many, many investors they would not comment specifically on whether there are any disclosures which is why i can say that there indeed has been. >> it sort of fits with the notion that we saw once immelt announced he was leaving on monday that trian -- >> it would be focused on p&g. >> right seeking the -- >> i think it's worthti mentionn t

ge has in under pressure from trian fund management. assets in selling off monsanto. to people familiar two the matter, the companies expressed interest in acquiring the bayer unit. is a matter close of minutes away. stocks falling. ♪ ♪ live from london and new york, this is "bloomberg markets: european close." tech-led selloff. the biggest drop since may 17. we were down 1.1%. biggest drop today for tech years since june what last . index was 4.5% lower. on friday, it closed at its highest level in 15.5 years. the stoxx 600 technology index has risen 228%, the benchmark stoxx 600 has risen 142%. this is sterling percentage moves. remember the? day after brexit vote? we were down by 2.5%, finished down 1.6%, biggest drop since october. friday's close the lowest since april. the view is this inconclusive election result my result in a less hard brexit, which could support sterling. in the meantime, the prolonged uncertainty will keep the currency under pressure, down a further .7% today. barometer, brexit dropping today after rising on friday to the highest since may 2

had a great time yesterday, doing a public appearance folks in the golden trian lot of people had a chance own yard. they take great pride putting together beautiful flower boxes in the area. the heat is on with a theme this time around. some great looking planter boxes around the downtown area. if you haven't had a chance to get there near the world bank and such, beautiful area there. i will be posting pictures on my social media platform as well, instagram forecast for you on twitter @chuck bell 4. there it is. rising sun. 5:45. sunup today, down at 8:37 this evening. current temperature is 63 degrees. light northwest wind keeps humidity in check the next day and a half or so. tomorrow it will be back to 90 degrees. friday is the day you notice humidity back. look at the numbers. 48 in frederick county, 50 in frederick county, 63. planning out the day. look at that. not hardly a cloud to be found. sunny and warm today. temperatures in the upper 70s. great night for baseball. nationals and cubbies take off at 7:05 this evening. we split first two games of the series. by tomorrow morning

no statement at all from trian since immelt made this surprise announcement josh, you're the one who had been a vocal supporter of ge and the shares which you recently sold >> yeah. and actually i think is probably is good news i think the pace of change at something the size of ge is not for every investor not everyone wants to sit here for the next six months. adjusted dividends adjust earnings guide. i think you're seeing people get out. you had the behrens story over the weekend. it was kind of bullish in a frenemy sort of way. the share price -- in the meanwhile, you haven't heard frr pelz he works with management he's not like, here, i filed the deal he's been incredibly successful. if you want to be involved in the assets, you couldn't have a better activist. >> look, tgw, an aircraft carrier into -- >> accommodating them. >> right right. but could you ask for somebody better to invest alongside of than peltz i can't think of one person -- so if you're a long-term ge shareholder, an employee, this is all good news it might not be reflected today, tomorrow, in the meantime you

ge stock price gained more than 3.5% after the announcement, enriching trian substantially.nover after an activist approach has been a boon for some stocks. look at darden, up more than 90% since gene lee was appointed interim ceo. and later made permanent ceo the same for microsoft in february 2014. that stock is now up more than 80% than it was the day nodela's role was announced both stocks wildly outperformed over their corresponding period. not all are slam dunks proctor oier & gamble in 2014, stock has gained only half that of the broader s&p 500 lasley stepped down in 2015. now procter & gamble faces a new activist in triant, scott. >> pete, what do you do with ge, knowing now that imelt is out and pelts is still in? >> right well, i'm very encouraged that pelts is still in. this is one of these names -- you know, i felt bad i actually think jeffrey is a wonderful person i've gotten to know him over the last couple of years but in terms of what he's accomplished in 16 years at ge, it's frustrating for a lot of people. >> do you think the ge is the worst performing dow

so i look forward to speaking with you at the conference and justice -- and to ed garten from trian.ference. >> yeah, they'll make a case that pent air, that this was good activism, good constructive engagement and i can't believe that goldman came out with the sell. i think that's ill advised. >> what do we have on "mad" tonight? >> did you see that i said that paypal would go down. scott wapner asked me. and we have peter gasner. and then workman, david, distribution now, this is a company that is in the oil patch and seeing good business. i cannot wait for tonight's -- i can't wait for everything. >> i don't blame you. >> i can't wait for everything. >> good, that's the way to be in life. i mean, come on. >> you can't wait for the phillies next game. >> how about a nice hawaiian punch. >> all right. you had to join us earlier if you're not getting that joke. it was a joke, i hope. coming up, carl has a lot more from the code conference, including a live interview with dick costolo and then the exclusive with jay powell. keep it here. s my headquarters. this is where i trade and ma

wast's clear that trian unhappy as a shareholder and other top shareholders were unhappy.ny has not put up the numbers the last year or so. as you mentioned, the last 15 years have been tough. we needed a change here and i think the ge board was listening and we got a change. jonathan: what about the flannery? >> ihn think he can turn around quickly because i don't think anything is broken here. we need a new messenger and we got that made somebody to take a fresh look at the portfolio. to ave long advocated breakup here. the traditional conglomerate model does not work anymore. ge has great businesses any ability to create shareholder value if they do the right things. breaking up the company, lay that out for me and tell me how realistic that is. >> i think the most logical first thing that flannery would consider doing is to spin off the health care business. it's a great asset and it would trade well in the marketplace and create value. after that, they have the ownership stake in baker hughes and that's an ownership stake you want to monetize as soon as you can. yet h

muchÍsima suerte que bueno que estÁn allÍ en sochi, listas para ver el partido asÍ como losanÁticos del triÁnnos a compartir las fotos de los fanÁticos y tenemos francisco julio 456 que estÁ muy simpatico con "el gato," a rezar antes del partido. >> que gracioso. >> se ve bella. >> pero mira quÉ linda esta foto que comparte conejita, dice viendo a telemundo deportes desde temprano disfrutando la confederaciones con mi sobrino, epa. >> arriba. >> tambiÉn, y por Último tenemos este rayado que dice, saludos desde el norte de carolina. >> que bien se la pasa la gente, sigan compartiendo ustedes cada tradiciÓn las siguen enviando a nuestra pÁgina de facebook y twitter, utilizando el hashtag, misreglasdelfÚtbol y las fotos de su familia, compartir sus reglas. >> yo voy a ser la regla tuya porque me gustÓ la de las palomitas. >> vamos a la pausa amigos. >> todo estÁ listo para la fiesta, tenemos los detalles de la boda del aÑo, la de leo messi y antonella r. que se llevarÁ a cabo en argentina, james. ¿quÉ nos tienes tu? >>> tenemos una receta tÍpica de anticipado el triunfo del tri, preparamos unos