>> are their phone calls to trish regan -- is that productive? would you do that?ea what that is about. using the media gets the message out there, doesn't it? >> everyone has to file a 13-d. you have to say what you're doing when you go over the 5% threshold. the degree that they are telling the world what they're doing, that i like. that is part of the free market process. it is the notion of buying a percent or 9% of the company by buying derivatives and not being visible as a trading. >> the exclusive therefore surveillance -- mario gabelli likes what trish regan is doing with carl icahn. big news from the mansion houston or. the annual pageantry of london. mark carney announces that rates will go higher. good morning. ♪ \ >> good morning everyone. joining me is scarlet fu and jonathan ferro. our guest host the power is mario gabelli. john, you have the top headlines. bergdahl has arrived back in the u.s. he is in san antonio, where he will be treated at a military hospital. he was freed in afghanistan last month in exchange for five taliban fighters. dark pool

you will be speaking to trish regan about these charges against barclays.e have a lot more after the break. >> coming up, the camera of andce for surfers, skiers, bikers. go protest went public. we will talk to the ceo, nick woodman. ♪ >> welcome back to "market makers." we are waiting for the ipo of the day to start trading, go pro, priced at the top end of the range last night. in a few moments, we will hear from its ceo. i want to bring in another superstar of the day in the meantime. dawn fitzpatrick from ubs o'connor, the six playing dollar hedge fund unit in a swiss bank. -- $6 billion hedge fund unit in the swiss bank. womenely do we see running hedge funds and big thanks. you're doing both. how do you work? liquidocus on relative investing. equities, mobile listed equities with the remainder primarily corporate securities. we have 15 different investment teams that all focus on relative value investing. that is we try to create returns that look very different or uncorrelated traditional asset classes. equities or credit. that is really our value pr

with trish regan. next story in our front pages is the supreme court rulings, two big ones and the reactions -- one of them is called a big victory for privacy rights in the digital age. the supreme court unanimously ruled that police made warrants to search cell phones when they arrest someone. this will probably extend to tablets and laptops as well. >> is good to see a unanimous vote. they just crush them. vote --6-3s another in which the court handed a big victory to the broadcast networks in what may be a death sentence for aereo. it violated copyright law by capturing broadcast signals and retransmitting them for a fee. gets the content but was not paying licensing fees. one of our themes through the morning is aereo. people just stop when i talk about this. >> we will check in on this conversation with david bank of rbc capital markets. its ipo gopro priced last night and will start trading this morning. 400 $27 million at the top end of the range. it trades under the nasdaq today. >> what's the

i'm trish regan.t" starts next. ♪ to the mostyone important hour of the session. 60 minutes left to go until the closing bell today. street smart. the ron kind

. >> i was on with trish regan when the news broke, and she was talking about carl icahn's take that the company should be split. with the faster growth of paypal, they might have had evaluation, but also much greater reward for the people that worked there. carl icahn made the point that by being part of ebay, it does not get the best and the brightest because that big lottery ticket the stock asions is not lucrative. is going to a company that has the kind of growth we have seen out of facebook. >> i wonder if this is a big loss for paypal. should paypal be a separate company? a lot of the paypal mafia believe it should be. >> one of the things that david ,aid in his facebook post there's also a link on linkedin, he says that the team was so deep that paypal that not only was it a ton of people working there but the manager team was so strong that he thought this was a good time to leave. >> we will be watching to see what he does at facebook, personally recruited by mark zuckerberg. we want to talk about that any quality story -- any inequality story. a lot of people have been tal

trish regan spoke in washington and took a special look at the national security agency and cyber security. she joins us now. today, you had the first ever interview with admiral mike rogers since he became the new director of the nsa. did he offer any more insight into the case of edward snowden? >> yes, he did. this is the first time he said that with a television interview. this is on the heels of the interview that snowden gave that aired last week. he had a number of things to say including the fact that he thought that snowden was intelligent, articulate, but he did question of course fundamentally what snowden was trying to achieve. >> he is an intelligent individual, articulate. he seems fairly arrogant to me. he believes in what he is doing. i don't question it, i don't agree with it. i fundamentally disagree with what he did. i believe it was wrong and illegal. >> it wasn't just edward snowden that you talk about with admiral rodgers. what did he talk about in terms of the nsa posco as he? we know more about facial recognition. >> we got reports over the weekend that the nsa had

i am trish regan. " starts now. important the most hour.nine minutes on the clock until the closing bell. facing increased scrutiny from regulators. barclays scrambling to overhaul its halter over allegations of fraud. the np

i'm trish regan and "street smart post quote starts right now. ♪ smart" starts right now. ♪ >> oil priceser

i am trish regan. street mart starts now.ryone to the most important power of the session. 60 minutes to go until the closing bell. reports that apple is developing multiple versions of sm

i am trish regan. it's friday afternoon. "street smart" starts now.eading into the close. welcome, everyone, to the most important hour of the session, 60 minutes until the closing bell. priceline steps

our own trish regan got carl icahn on the phone. he said, i have done nothing wrong.h is a 50 year record. a remarkable story. the latest is, because the news broke, government authorities were able to use wiretaps. there is another wrinkle. the news breaking is going to present any sort of conclusion from this investigation. great story. >> very interesting. carl icahn clearly denying that he has ever had anything to do with one of the companies involved. he says he says he's never even met phil mickelson. move onto data. we have some ok chinese data. the french data is horrible. we are expecting manufacturing to come in at 55.5, much stronger than we saw in chinese figures and the eurozone. not quite as strong as you. , but that breaks later today. 15%, ites come in at 55 will show that the second quarter is going to be very strong for the united states, representing almost four percent growth. it may even accelerate in the second half of the year. first quarter is a blip. of europe news out this morning is that the spanish king is to abdicate. one caller -- juan ca

i'm trish regan. street smart starts now.yone, to the most important hour of the session. today on street smart, donald reversesresources -- worse, saying he does not support the sale of the clippers. i

investigation,s i am joined by trish regan who spoke to the legendary investor. he is the focus of this. he and teacher others. trish, what did icahn have to say over the weekend? >> he had not heard anything about this until he picked up the paper and saw in the wall street journal that apparently this investigation was going on. he said to me -- we do not know of any investigation. we believe that making inflammatory and speculative statements is completely irresponsible on the part of the wall street journal. he went on to say -- i'm very proud of my 50 years within unblemished record. i have never given out inside information. spoken tohave never phil mickelson or met him. i talked over the weekend with a securities law professor from columbia. couple ofere is a things when it comes to the violation of security rules that you need to be on the lookout for. which means you cannot violate your fiduciary duty here there have been some questions as to whether carl might have violated his duty to shareholders. but at this point it is my understanding that he had al

. >> trish regan, thank you very much.big tech decision to come out of the supreme court today. the justices ruled on a major question on privacy rights. the question, should police be able to search the cell phone of a person being arrested? details ons has the the justice's decision. big ruling here. unanimous one. they unanimously said police should not be able to do this. police most of the time we'll have to get a search warrant before they can search a person's mobile phone before making an arrest. the trove of data -- we are not just talking about correspondence -- medical records, photos with times and dates, social media updates, browsing histories that police can get from this smartphone. chief justice roberts writing that decision. he deemed the sensitive data on phones make it an unreasonable search banned under the fourth amendment. here is one of the things he had to say. ago officersde might have occasionally stumbled across a highly personal items such as a diary. today more than 90% of american adults who

i am trish regan, and this is "street smart."mportant hour. 60 minutes until the closing bell. coming up today, google unveils a new version of android, drawing a new line in the sand in the battle to be the mobile leader. the supreme

mark will be with us during "street smart" with trish regan.ther check of the market movers is on the other side of the break. >> get the latest headlines at the top of the hour on bloomberg radio and streaming on your tablet and bloomberg.com. that does it for this edition of bloombergne" on television. i am a mark crumpton in new york. "on the markets" is next. is 56 past the hour which means bloomberg television is "on the markets." there's not been much movement at all in the indexes. we did see record highs yesterday. red arrows per week movement. dow jones industrial average at 16,893. sectorime for today's report and we are focusing on one of the best-performing sectors this year, utilities. been sort ofas boosted by suppressed interest rates, i should say. the question is does that continue. so many times janet yellen has said there is uncertainty like ofward, but we are certain one thing for sure is that interest rates are not going to rise very much. >> it can really be boiled down to the fact that 10 year treasury yields have come do

i am trish regan. "street smart" starts now.yone, to the most important hour of the session. gm'sg up -- mary barra, ceo gives her report card. plus, steny hoyer. i will get his thoughts on

i am trish regan.t" starts now. ♪ welcome everyone to the most important hour of the session. 59 minutes to go until the closing bell. coming up, tyson foods out

i am trish regan and "street smart" starts right now. ♪ everyone, to the most important hour of the sessiono go until the closing bell. addresses alibaba concerns ahead of the record expected ipo. the 27 earners to control board nomination. this may have some on wall street were read. islamic militants in iraq

i am trish regan. "street smart" starts now. welcome to the most important hour of the session.urt could cut off contraception co

in his first ever television interview since becoming the new director of the nsa, trish regan sat downith mike rogers. here are some of the highlights. beenmiral rodgers has only at his position for about 60 days. he is already dealing with a slew of new information from former contractor edward snowden, who gave his first television interview just last week. i asked mr. rogers, admiral rogers, how snowden's revelations have hurt the nsa. take a listen to this excerpt. foreignwatching those intelligence and counterterrorism targets. i will not make a blanket statement. and willwatching them highlight the revelations and talk about the implications of what they can implicate. that is unsettling to me. >> he also told me that he did not want -- watch all of snowden 's interview on nbc and had only seen a few clips of it online. i did say, in terms of those make of whatid he he did hear? how did he perceive snowden? his response. >> we are living increasingly by .hoice and by chance we are forfeiting privacy at levels that i don't think individuals can truly understand. it is so ingrained

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

carl icahn told trish regan he does not know of any investigation. he also said that he does know of phil mickelson but does not actually know him. >> i am stunned that bloomberg news has nothing on this today. this is discrete to the "new york times." this is a very different way this has rolled out in many of these stories. >> and it seems kind of messy, doesn't it? >> what else do we have? president plans to propose cuts in greenhouse gas emissions. some u.s. power plants, the cut would be 30% from 2005 levels. the epa will announce the plan in washington today. you have the left and the right arguing about what it means. republicans say it will hurt the economy and drive up the price of electricity. democrats say it will be minimal cost increases for consumers in couldreas, and families save money due to efficiency gains. >> i remember when you could not see in los angeles. within the frame of my lifetime. any time somebody says they want clear skies and people go yeah, yeah, i am like, i remember when you could not breathe in l.a. >> how about t

trish regan will press him about details over the barclays investigations -- allegations. that is something you do not want to miss. fourth-quarter results last week, the food giant taking a 681 million dollar write-down. alix steel is following this company. what is the reality behind the rough quarter? >> they seem optimistic going forward. full-year earnings at six andent, picking up in 2016 2017. labeled thiste this back in 2013. that is the biggest problem. it basically has its own retail brand, winding up committee -- having a better relationship with stores. the private label is generic. not a lot of shelf space when it comes to the issue. the thing we showed you before is an overall issue. we are basically spending less. our spending on groceries has risen less than one percent a year since 2008. a steady increase in discount retailers and market packaged food, we are just not sending that much. >> how does this reflect changes in the way we eat and what we need? >> part of that is we are just eating healthier. that is not good for canned foods products. they have

trish regan did over the weekend. pretty surprised by this. first he heard of it was in the paper. i did talk to him and he said, we do not know of any investigation, we believe that making inflammatory statements is completely a responsible on the part of "the wall street journal." of myd he is very proud 50 years of an unblemished record and have never given out inside information. i have said, while obviously heard of phil mickelson, i have never spoken to him or met him. i did some further reporting. i said, would this be a violation of securities? there is a role that says someone has a fiduciary duty. that if you says are planning a tender offer, you cannot actually leaked news of that tender offer ahead of time. carl did not have a fiduciary duty. did he have a fiduciary duty to shareholders in his own company? he was trading for his family firm at that point. the other one was interesting. here is the thing. he never actually went through with the tender offer. i spoke to the banker that gave him the letter of financing for clorox. me, this never went to fruition. it was ju

wilson needs to figure out what to do next after making those comments to trish regan. >> i am actuallyent's export council, and our meeting is next week and i will be speaking about the reauthorization. let me tell you, it is critically important for our country to have that bank working. >> explain why. >> because it helps our manufacturers sell goods and services overseas. we compete overseas with those banks all over the world and it is not below-market funding. they have had low default on their for been a profit center. groundou find common with moderate republicans or do you just give it up to the house? >> i think you have to find common ground and our plan is for a longer-term expansion with more money, which will be incredibly difficult to get, but we at least need reauthorization. >> robert wolf with us this hour. the rate of change in iraq is truly unprecedented. joining us is paul sullivan from your town university -- from georgetown university, an expert on the cacophony in iraq. missionthe president's this morning as these militants are 60, maybe 70 miles outside baghdad?