trish regan has been going over this.his morning urging shareholders to vote for his proposal was would be nonbinding. it would send a message to management that shareholders want the company to be split up. he urged shareholders to vote for the boardcks and to move mark andreessen and scott cook off the board. he cited their complex of interest, one of which was the skype deal that mark andreessen had a skit -- have a stake in. we have a letter from ebay responding to to what mr. icahn said. for example, in terms of defending theskype deal, the board determined because of these limited synergies, it would be in the best longer-term interest of stockholders to explore a divestiture of skype. they said this was the best thing to do for the company. regarding scott cook -- they say the overlap and accusation is because scott cook was ceo of intuit there was a conflict there in terms of hiring. regarding hiring -- what's interesting here is that john donahoe, the ceo of ebay, he was on the show a week ago, he had a conciliat

i'm trish regan. hour. after that means bloomberg tv is on the markets for you. let's take a look of the markets. slightly higher here. 20%.q futures are up take a look at that. closing in on the biggest week to gain in over three years with temperatures expected to be above normal this week. forecast calling for another polar vortex starting next week. that is having an effect on thanks. -- on things. herbalife is going to washington. the nutrition company is accused of being a pyramid scheme. they invited congressional staffers to ask questions about how it operates. herbalife hasinst been the biggest loser for his firm. withdent obama will meet the dolly lama at the white house this morning. third, is being protested by china. they want the meeting to be called off because it will hurt u.s.-china relations. it has been 24 hours since the winning numbers of the powerball jackpot were announced. not comer will forward. the winning ticket was sold at this convenience store in california, about 10 mile

i am trish regan. -- 59 minutes to go until the closing bell. we are scaring the markets right now for the best trade of the day. quite a weekend. i am thrilled to have matt miller along with me. >> it is a pleasure to be here with you. very nice. a short week as well. actually tuesday. >> julie hyman keeping and i on us -- keeping an eye on things for us. >> forest labs is the first victory we want to look at today because it is being acquired by activists, an irish drugmaker adding to the portfolio of branded drugs. genericmerrily at drugmaker until the acquisition. 29%.t this is a cash and stock transaction. .ooking at coca-cola coca-cola shares are lower today. volume only of one percent. this is taking its toll in terms of coach numbers. tesla shares are trading at a record. the head of apple meet -- met with elon musk talking about potential partnership. enough to send tesla shares to a new record. not a lot happening as far as the broader indexes today. one of the reasons i am laid back, not just because of the short week, but because we

this is with trish regan earlier today. been encouraging the ukrainian government to use force and crackdown. they have used financial leverage. the russians have been playing a very difficult game. they are playing for keeps. it is really a struggle between russia and the west for where the ukraine will lie. brings up an editing point. we have had so many struggles. sense that this is reminiscent of another time in our history, the cold war? >> i think there are vestiges of it. putin was formed as a kgb officer in the cold war. he takes a zero-sum montana -- mentality to politics. if someone else wins, russia es.es very o putin wants them to not have an open relationship with europe. a thinks russia needs to have wider sphere of influence. he went ukraine to be tightly linked to russia. it is a great battle for the future of this country. you are seeing it play out in the streets. woman hope this agreement old and a cease-fire can hold. the events of the last couple of days, they tend to not work. payday, howorbat's the su

president explains to matt miller and trish regan. >> when i was a kid, it was mainly lego bricks you're. today, the story i mentioned takes over a bigger deal. the experienceke lends very well with the digital experience. there are games out there. there is a movie out there. >> what does that mean you >> the movie for us is a fantastic celebration. ands about creativity imagination. that is why we had the movie. it is very relevant. >> it seems like it is more than just a marketing tool and a giant commercial for lego billion -- building blocks. as turned into something. lego has a story. be almost as important as lego as a toy. >> i think it is. the story, there is a lot of nostalgia. it brings smiles to people's faces at all ages. it is not a kids movie. it is equally appealing to adults. class i lug legos. another classic, geo joh just turned 50. still going strong. boys and has two decided to ask fun and ask what so resilient. >> in the early days, it did not have a name. it was a man of action a boy personality onny their. it is easy to see -- every boy had a family member who ser

. >> he spoke with trish regan yesterday. he wants ebay to spin off paypal.e was referring to scott cook. and markit in for him andreessen. he called them out in a letter to the ebay board saying they are not working in the companies test interest. >> i have never seen one as blatant as this. we have seen a lot of them. weren't sad it would be funny. it's all about corporate governance in this company. it is sort of dysfunctional. mark andreessen on the board of and scott cook are two of the most respected and accomplished and value driven leaders in silicon valley. i agree. i think they are respected and the compass and agree mostly their value as leaders. the trouble is, value driven leaders for themselves but not for ebay or the shareholders. notcahn two complementary about ceo tom donahoe. was going to be sold by donahoe. he is eithernaive or asleep at the switch. i will say this now -- if i had been on the board, mark andreessen would not have boughtskype. >> mr. donahoe spoke with us last week in an interview and here's what he had to say. we are not wo

. >> live from bloomberg headquarters in new york, this is "street smart" with trish regan and adam johnsonhnson. >> and i'm julie hyman. we are one hour from the close of trade here in the u.s.. opening ceremonies in sochi. sochi,ou have a shot of and elaborate opening ceremony, as has become the custom. even as that was going on, the olympics, a lot of criticism about the readiness of russia. there was also a hijacking attempts on

i am trish regan. -- 59 minutes to go until the closing bell.g the markets right now for the best trade of the day. quite a weekend. i am thrilled to have matt miller along with me. >> it is a pleasure to be here with you. >>

i'm trish regan and this is "street

. ♪ >> i am trish regan, everyone. stocks rising. the s&p about the record close.jim mcgovern takes the stand. -- janet yellen takes the stand. welcome, everyone. " there. still putting the jacket on. never far away. what a great day. in another record. not huge gains but interestingly

the man at the helm of the new york metropolitan opera told trish regan how he is trying to win overation.. >> we have to make it elling, first of allngfirs and we do not expect every young person to jump on their bicycle and ride r to td opera house, but the fact of the matter is that if people give opera ance and we do oance and properly, presenting these brave microphones in front of anion or audience of 3800 people, p hundreds of thousands of more, millions with radio, it is an incredibly exciting artform when it comes together. it has everything. music, theater, scenery. we are bringing the most dynamic people in the worlople the stage. the problem with that, the challenge, is that it is long. operas typically are three hours long. they are iligey areuages. n succeed the way suat a great foreign films succeeig, we have to have an audience tha ais willing to invest a bit intellectually. but there are great rewards. >> he has competition about 30 blocks away, madison squway, mon garden undergoing a transformation. gave us an exclusivesive . this cost $1 billion. >> the rolling sto

trish regan spoke with him and what did he have to say? lex he had a lot to say. to him at 3:00 and the letter comes out and criticizes the board for its conflict of interest. he singled out to members -- scott cookssen and of into it, saying both of these guys have inherent conflicts of actrest will stop >> just up and give people the lay of the land. investment.as a big >> over a billion dollars. paypal beike to see spun off from the company. he sees it as very much a separate business growing well on its own and would be better off if it could focus. >> and make more money because a spinoff would create more value. but theoretically. there is an annual meeting coming up and ahead of that meeting, he is getting out in front of the story. it's not necessarily new. people have talked about this for some time now because 41% of ebay's overall revenue comes specifically from paypal. so much coming from paypal which is a different business, it could probably stand on its own. now coral is involved and part of that is getting the board of directors to be ok with that.

i am trish regan. you are watching the most important hour of the session.es ago on the closing bell. in $19 billion deal. poised to close out the day in the green. trade is today and a first-rate of tomorrow. bit was chattering a little . client is good. a good day.

kevin and bloomberg anchor trish regan who has written a book on pot. let me start with you, kevin. numbers are stunning and they don't surprise trish because she has been reporting on this. do they surprise you? $184 million in tax revenue from pot. that makes the argument that every state should rush to do this. >> look, we heard that argument for the lottery to save public education and the last time i checked and teachers still being paid incredibly low salaries. this is now just the latest in a series of things presented as a quick fix. my question back to the governor and also to trish and others at what costs do these revenues come? what about the extra cost of the increase problems that we have. a 44% increase in marijuana positives in the workplace and that's a cost employers will bear. what about the health care system and education? we know the connection between marijuana and iq and, frankly, low grades and heavy marijuana use among kids. the only people making money from this, erin, the big tobacco-like industry that is in full force advertising like crazy. promotion wit

i'm trish regan.marijuana industry. [ music ] >> i'm here to eradicate

i'm trish regan. join me for an unprecedented look inside america's marijuana industry. [ music ]

>> i am trish regan, everyone. stocks rising. the s&p about the record close. fed chairman jim mcgovern takes the stand. -- janet yellen takes the stand. welcome, everyone. " there. still putting the jacket on. never far away. what a great day. in another record. not huge gains but interestingly we go to an all-time high. we are pretty much going to be able to do that. 1851. >> traders have been having trouble with the market because it gets almost there and turning back and retrieving. so it has been difficult. >> i wore green up for a reason today. i knew i would need it. heading to olivia sterns. >> the king of green, shares of , shares up almost 20%. -- speaking of green, j.c. penney shares are up. they think sales will increase in margins will expand. also watching ebay, a story you know well. carl icahn and ebay stepping up the attacks on one another. carl icahn has written his third letter in four days, accusing ebay of having conflicts of interest among the board erectors. back.s firing their ceo says carl icahn is well entertaining and false and dead w

trish regan will be speaking to carl icahn later today. the battle that keeps on going, men's wearhouse we think it's offer for juice of a bank. they rose their offer 10% to $1.8 billion, and could go .igher it is a battle that began in october when joseph a bank offered to buy men's wearhouse. out in silicon valley, the word is going on with the markets, it is time to cash in and go public. ipo to considering an just a number of companies .onsidering this ipo path with us now is jon erlichman. he is in los angeles. he broke the roku story. david menlo.is david, why is this happening now? >> the prime example is what happened with facebook and whats coming upf the blue with a valuation of $16 billion. anything along that kind of technology, people think they can get 2x, 3x of what they thought. new fundingived back in may. any idea why they did the ipo now? >> it may have less to do with those vc's meeting their money back now. it is more about the opportunity resented as the business gets bigger. we are seeing roku and the apple cast, ae,

i am trish regan. you are watching the most important hour of the session.e have 59 minutes ago on the closing bell. in $19 billion deal. poised to close out the day in the green. trade is today and a first-rate of tomorrow. bit was chattering a little . client is good. a good day. big news day. a heavy newsday. >> a $19 billion deal to talk about. we have a lot of developments that we will get to coming up. >> the stocks to watch into the close. beie has what we should keeping an ion. >> hopeful as the weather finally turns in new york city. tesla speaking in korean. it is again at a record. the company plans to boost production of the model ask sedan this year. it is heavily shorted. report, get a positive you see this. >> verizon also -- also a buying nexttunity ahead of his business update. investors are following that advice and buying shares and he'lly, a potential deal -- dear -- deal here. may be equity firms interested in safeway. >> time for our big story. buybook struck a deal to pp.t's at is the company really worth $19 billion? the facebook ceo,

. >> live from bloomberg headquarters in new york, this is "street smart" with trish regan and adam johnson. >> i'm adam johnson. >> and i'm julie hyman. we are one hour from the close of trade here in the u.s.. opening ceremonies in sochi. sochi,ou have a shot of and elaborate opening ceremony, as has become the custom. even as that was going on, the olympics, a lot of criticism about the readiness of russia. there was also a hijacking attempts on a plane bound for the ukraine. it landed in istanbul. apparently the passenger was intoxicated. fear is about terrorism looming over the games. >> amazing details coming out of sochi. the world is coming together. we hope them -- we hope they get it right. well.h them go pro. this came out earlier today. strike when the fire is hot. that little guy -- i'm not too sure. in 2012, the sales were about $5 million for the company. this company is only about two years old. it is thought that it will be doubling. cooln we talk about how this is as we look at all these videos? that is why there is excitement. it changes the way eu can shoot. of twitter,k

i'm trish regan and this is "street smart." alix steel alongside me as cohost today.ood to have you here with me. really ignoring some disappointing news we got earlier about retail sales and business inventories up. offset theenough to rally because we had the time warner table deal. we will get to that in a moment, but first, the stocks we are watching as we get into the close -- julie hyman is keeping an eye on them. >> one of the stocks we are keeping an eye on is facebook. not really any headlines that have spurred the gains today, but what is notable is facebook is trading at a record high. track thisteresting stock has gone on. goodyear tire & rubber is the best performer in the s&p 500 after it came out with its earnings which beat estimates even as revenue fell, missing estimates. goodyear has managed to to boost its bottom line and they are also boosting its relationship with sumitomo of japan. -- a lot ofdecline concerns about slowing sales growth at the grocery, cutting its forecast for full-year sales eatingwith competition into its sales and gross margin

trish regan spoke with icon yesterday at on her program.he joins us now with some of the highlights. he is pretty worked up over this. he says he really is never seen anything as egregious as the situation. he speaking specifically about these conflicts of interest that the board members have. let me just he's perhaps the most provocative sound to share with you. >> they compete with us. they say it is overlapping. we just bought raintree. paying when he writes these letters? bs on thislling conflict of interest. carlfired back after issued his open letter to shareholders yesterday. he is getting at this conflict specifically with mark and scott cook, two members of the board. made,es investments they including with skype and said, look, they took this from ebay and wound up selling it to microsoft and made a lot of money for himself. in karl's view is very much an issue given that mark is on ebay's board. i have been through a lot of these over the list 30-40 years and i have sent in a letter and a mean it. i've never seen one as blatant a

i am trish regan in for that he lived. let's get a quick check on the markets.ike we are looking at what could be a lower open. we had a new all-time record on the s&p 500 yesterday. 1848 was the level we need to cross and we got 21852. there is optimism out there and we will see whether this continues today. there is economic it a coming out at 8:30 a.m. including gdp and personal consumption. we will bring those to you as soon as they cross. we will be "on the markets" again 30 minutes. ibm began firing workers yesterday as part of a $1 billion restructuring plan. in addition to cutting staff, the company has sold assets, cut its tax rates, $20 per is aiming for share adjusted earnings up from $11.67 in 2010. saw the bays is the proud new owner of the pink star diamond. caret cut stone. the buyer defaulted. 8.3 alieneen a record dollars -- $8.3 million. there's a storm that will move across the country this week and could dump snow from kansas city to boston. it will make for a messy monday morning commute. storm has a silver lining. it is currently bringing m

i am trish regan.re looking at the futures market which is lower as we get ready for the opening of trading. we have jobless claims coming out so we will be watching carefully for those or you. and a big deal to talk about this morning -- eight $19 billion deal in the tech space, facebook making a big acquisition. here is a look at what we are following right now. also walmart reporting fourth- quarter earnings that beat analysts' estimates. it was the first quarter for a siteso doug macmillan who economic trends and higher health-care costs. we will have more later in the program on walmart. workers amid the debate about this national minimum wage hike, the owner of banana republic and old navy will be raising wages to nine dollars an hour this year and $10 next year. this increase will benefit about 65,000 workers, but it falls just short of the president's request for a $10 tents and minimum wage -- $10.10. brianke america ceo moynihan is making a lot more than a minimal age. he made $14 million in

you are "in the loop," and i am trish regan and four betty liu.net deal in a decade. facebook has agreed to buy mobile messaging startup whatsapp. the price? billion in cash, stock, and share. whatsapp can competes with apt from twitter and snapshot. walmart says economic trends and higher health care costs is hurting its business. and tesla motors is gearing up for further growth. elon musk's electric car company will boost production of its model s sedan. it is also learning to build a massive battery plant. tesla is up 10% in premarket trading. we will hear from tony and their musk himself. facebook -- we will hear from billionaire musk himself. facebook agreed to by whatsapp for $19 billion, the biggest acquisition in more than a decade. why did the world's

i'm trish regan. is dropping -- he will add $66 billion for defense programs. through taxes. he will summit the budget to congress next month. herbalife is making its case in washington today. of company has been accused being a pyramid scheme. they invited investors to ask questions about how they operate. they say herbalife provides capable ofat are not being resold. they're trying to conform their business into a more dynamic wireless carrier. double has been able to dish's share price. in the ukraine, a fight broke out in parliament this morning. mediators have been working to