there has in a lot of undervalued companies, so we have targeted those. >> it is interesting to point that you say there are no homegrown activists in canada. you say they are too nice to play this game. >> canadians are very nice, so most of the activism has been americans going up there. >> there is a structural , and technicalities that allow you to navigate quicker and easier, right? >> correct. 30 years ago would poison pill first round and in the united states, the idea was to give the company a little more time in the boards to explore alternatives. you could have 95% of the shareholders went to -- offer, to accept an but the board could say no and you would have proxy fights. in canada, they can issue a cease trade order. the view is that the shareholder should decide what happens with the company, were with the u.s. led the deal is that the board should decide. >> what else looks good, and is on your radar for this year? >> one of the companies that we are involved with right now is eopostale.l -- arial pos it is doing terrible, and is down. we think that the company should b

so what you're doing is you are undervaluing 50% of your work force in a way that hampers the economy. so the real idea is, if you want america's economy to grow and to excel and to reach its full potential, you need at least half the work force here that you are undervaluing to be utilized at their full potential. >> this entire project may qualify a a successful woman-started small business. talk about some of the ideas individually. paid family and medical leave the argument raised against that is the same one raise on the minimum wage, same one raised on the pler mandate on health care. the argument is you are increasing the cost of employment and therefore you will get less of it. what do you think about that? >> well, the place you should start to answer that question is you should ask businesses. any business that has paid leave will tell you it is worth every bit of that investment because what you're gaining is a more loyal work forest, a happier work force, a more efficient work force and one that doesn't have to be constantly retrained. because when you retain that employee

i think it's very undervalued. i think it's a great model.t subscribe to any of what is being said. but i can't really get into details at this point. >> let me just ask you as an investor, as a guy that's largest long position in the stock, bill ackman has hedged his short position. aren't, don't you have a hard time if you had to get out of this stock to get out, or are you just looking to be in this for a very long time? >> that's why i think things are wrong with what he said. we like these things. we buy them for a real long time. hey, i handle -- you know, i hold these companies for a very long time. in some cases eight years, ten years, and that's where i make the big money, you know? i think it's just wrong to say we're short-term oriented. i got, don't worry about herbalife as far as selling it. i think it's a very undervalued situation, and i've said that before be, and i'll say it again. >> you said it was $100 stock at one point. >> well, i said -- yeah, when it was down in the 30s when i bought it. >> right. >> i said, well, you

you can find almost no evidence that we are in any way, shape or form undervalued. in the meantime, people are, in terms of sentiment, as bullish as they have been in the last five years. look, i have no idea what happens if by the end of the year but what i can tell you is the types of stocks that are breaking down are not the ones you want to see if you're looking for more gains. the worst group right now, consumer goods, down 7% in january alone. the retail etf, xrt, is even worse. that is not boding well for more gains going forward. >> you say we have no way to know whether or not stocks are undervalued or overvalued. i would push back -- >> no, we do have a way of knowing. we just don't know what they will do as a result of that. >> if you're making a stock market call you have to essentially make a gdp call, in my view. >> i disagree. >> if gdp grows at 4%, then perhaps the market is undervalued. >> china had the fastest growing gdp in the world last year and one of the worst stock markets. >> because nobody can buy the shares. >> there's no correlation whats

if looks at a business very carefully, looks for undervaluation, or looks for mismanagement.orward. if you look at what is happening now with microsoft or what is these arewith apple, sometimes simple fixes were people are looking at a balance sheet. there are other activists that look for transformation. if you look at what bill ackman did with canadian pacific, i was about having a silver oldest in terms of having a new chief executive in place. in some cases it is interesting. a lot of activists are either going to change the management or do something else with respect to the balance sheet that will enhance value. there are a number of them. rigorous year of activist activity. >> you called dan loeb thoughtful. did you think it was thoughtful, not accidental, to find out this morning he is involved with chemical. here we are in davos, switzerland. is also here? dow chemical. is that part of a thoughtful strategy echo -- strategy? >> i would think that is considered until. -- that is coincidence all. l. coincidencta i know enough about how astute dan is. he would probably

was in a bubble and it was going to collapse and secondly he wanted to buy gold because it was undervalued going to go much higher. what happened in two thousand and eight we thought was going to bring the ultimate collapse of the dollar but it didn't it's been postponed by this unprecedented amount of money printing by central banks around the world so earlier this year is gold started to slide you know john and i started thinking well maybe we should write a follow up explain why gold is still good value why it's going to go much higher and the bigger issue that were created as a result of the two thousand and eight collapse and government response to it which is the money bubble in currency is going to be that is the bubble and that's what's going to pop you know as we talk about the outcome that many expected after the two thousand and eight crash one was a massive money printing which we got. inflation which we didn't get in the way we thought we would get it we got it in acid price inflation and we got it in some price inflation the c.p.i. cetera but not to the point where the mainst

i think it is very undervalued situation. that before and and will say it again. >> he didn't hang up the phone when i called him, mr. ackman. david: he can appreciate a jock. bottom line whether or not mark can i's investigation will continue to affect the stock. >> he is prodding the ftc and sec to look into this. i will say this common sensewise, what is ed markey adding to the equation? sec, the ftc, they know all the allegations out there. are they going, is the securities & exchange commission going to just launch into an investigation is or the ftc, federal trade commission launch into investigation whether this is pyramid scheme, illegal sort of company -- david: which mark can i said a couple of his constituents lost their fortune. that is what is moving him. >> let me ask you this. if there is ftc investigation the stock will go down tremendously f you're an investor, just know that you have to bet on that, that they have to really do an investigation. for the long term you have to bet that they close it down. and,

the bank says it undervalues the company. those are some of your top headlines over the hour. back to you. >> thank you. president obama proposed changes that are intended to strike a better balance between national security requirements and civil liberty protections as well as future operations of u.s. surveillance prose. our chief washington correspondent peter cook has more on the president's reforms and reaction to them. peter. >> the president trying to walk a balancing beam today. in his 45-minute speech at the justice department, pimm, outlining his changes, the president offered a spirited defense of the nation's intelligence community saying he is seeing no indication they are violating the lall right now or being cavalier about americans' civil liberties. he also acknowledged in the aftermath of the edward snowden controversy, the disclosures from the former n.s.a. contractor, public confidence has been called into question and it's time for some new restraints. >> but america's capabilities are unique and the power of new technologies means that there are fewer and

they look for undervalued companies. my kale you have to have a $1,000 minimum investment. >> if you like tech companies like google and priceline it's a funds for you. if not avoid it. >> prevision cash parts. why is that your pick? >> they make components for the industrial sector. they borrowed a lot of money that they are using to make acquisitions to help the company grow. they borrowed this money just before interest rates started to creep up. >> good company. good balan sheet. at a good price as well. >> just want to talk about one thing before we go which is the disconnect between wall street and main street. macy's on wednesday decided to fire 2,500 people. the next day the stock went up. sometimes what happens what's good for wall street is not good for main street. >> that's true. at the same timewe have this full throttle federal reserve where the federal reserve is the wind beneath the wings the stock market. that's at play too. >> michael, americans are getting fed up with the stock market. >> i think one o

plus, merck plans an early submission of its breakthrough cancer drug, again emphasizing how undervalued the stock really is. but now, let's take a step back. all of that good news, it didn't amount to a hill of beans -- >> sell, sell, sell -- >> thanks to one particular sector's now seemingly endless problems. retail. today's hideous moves in retail triggered by comments made at a consumer conference pretty much took our breath away. first, lululemon. holy cow, a company that you know i've been lukewarm on ever since legendary ceo christine day decided to depart, informing us that it had a meaningful decline in sales in january. so many people had high expectations for the stock that it got crushed, falling $9.90 or 16.6%. you know what, as bad as that was, i was surprised lulu wasn't down even more, because this was one of the most expensive stocks in the apparel universe going into today's session. we got an immediate spillover into all sorts of women's apparel and sports related attire including dick's, underarmour and nike. next came sodastream, which posted extremely disappointing

sneak into emerging markets at a cheap undervalued european price. they own 5% of vivendi.hey are the activist pushing their change. david: you put your money where your mouth is. you own the stocks. >> absolutely. david: thanks for coming out. thanks for the tips. david marcus. sandy, over to you. sandra: chinese economy has huge impact on the global economy. how much of china's growth will slow? we'll find out what is really happening behind the bamboo curtain in a moment. >> computer brain that made ibm's watson world famous on "jeopardy" it has a brand new mission t could be a money printer for the tech giant. we have a fox business leak at the new technology ahead. ♪ if you've got copd likme... ...hey breathing's hard. know the feeling? copd includes emphysema and chronic bronchitis. spiriva is a once-daily inhaledt that helps open my obstructed airways for a full 24 hos. spiriva helps me breathe easier. spiriva handihaler tiotropium bromide inhalation powder does not replace fast-acting inhalers for sudden symptoms. tell your doctor if you have kidney problems, glauco

in the fact smart that they undervalued the company. facebook, everyone said it was worth 50 million -- $50 billion. as they decided to go out $100 billion. it will forever be known as one of the biggest ipos in the valley. twitter did the opposite. they went out at a much lower valuation. they were probably worth about 18-$20 billion. they went out at a $13 billion valuation. because they value themselves too low, the stock spiked in the beginning. 80% over the asking price on the first day. now it has been falling slightly sent. -- since. it will find it sweet spot. , when willton twitter shared be available to the general public? >> there is a way to purchase them now. they have a lock up right now. you have employees that cannot sell their stock. they cannot sell it for a certain amount of time. ways to belenty more able to do it in the beginning of next year. effect bell the ipos on the management of twitter? >> as a user of twitter, i am concerned that the thing i do love about these are about it that it cares about the people who

i thought that cisco was undervalued by thought it's not in my portfolio but i did like broadcom, still like intel. i mow enough has liked micron along with pete. i think there are a number of tech names that are going to continue to do well and woog go get the multiple expansions. i believe from a lot of tech firms holding the bulk of that cash, everybody from google all of the way down to apple and it's going to get deployed, some of it, this year. >> two days ago goldman sachs told clients it was time to sell u.s. stocks and look for value elsewhere. but today noted street strategist rich bernstein says good deals can still be found here at home and there is no bubble. rich, welcome to the "halftime show." >> thanks, scott. >> you were listening to the conversation we were having here at the top. before you make the point that you don't see a bubble and where you do see the value, weigh in on this fact of this trend that seems to be consistent with what's gone on over the last year. i have a slow and shallow correction and a ramp right back up with even more speed. is that the way it

and most importantly they're undervalued.t to buy this business for a big discount to what we think it's intrinsically worth. >> there are like i said an awful lot of names in hertz. i know car rental names are popular. dr. j, you have a thought? >> i love this because number one you put me onto hertz last year. kudos to you for that. i know that you were interested in dell last year. you were in there about this time last year. and now because of the turnover there you have to commit that capital somewhere else, obviously because you took it private. but as far as hotel space in particular, something i know very well, but i'm not the kind of investor you are. >> he doesn't go to the hourly rates. >> would you be interested in a hilton or a hyatt? >> takedown grant. >> or starwood, would you be interested in any of those? since the travel space is somewhat related? >> that's not the way we invest. we go bottom up. and we look for those stocks that are trading at the biggest discounts that we can find in the market. those stoc

see investors coming in at the beginning of the year looking for things that might be cheap or undervaluedis up only 11% over those 12 months so i think at these levels it has some huge upside room to run and especially with all of this institutional money coming in such size. i think it's a great setup for me. it's currently my biggest position. >>when you say there's gonna be a run up, what are you looking at? what's your price target? >well, they came in and bought the at the money calls which is a little less aggressive than if they had bought out of the money calls. trying to develop a price target for january 2015 is very difficult using options because there's so much time premium left in those options with a whole year left to go. i have taken some very nice profits already. i think i'm just gonna keep a tight stop on it and watch it run higher and continue to take profits off at levels. >>great to have you on the show. thank you james. >>thank you. it's time for us to jump out of here for today.coming up tomorrow-- a top exec from ford will be here with the details on breaking new

warner's board quickly rejected this offer as a non-starter, saying that at $132.50 a share it undervaluesthe company. continued scrutiny over how the banking industry treats interns and junior employees could be changing. according to cnn money-- credit suisse has issued a memo to staffers that says none of them should be in the office between 6 p-m on friday and 10 a-m on sunday unless they are working on an active deal.working conditions described as grueling came up during the death investigation last year of a bank of america intern. for those on the other side of the spectrum who are closing in on retirement.it's never too late to start a savings plan. a recent study by fidelity shows 55% americans are not prepared to cover food, shelter and healthcare expenses when they reach retirement. instead of worrying whether that will happen to you fidelity recommends gauging where your are and these 3 tips. you can work longer, you can delay social security and you can work part-time in retirement. those are 3 big strategies which will improve your success in retirement." and for young peopl

bank said in a statement it's board considers the deal undervalued. reports say now... men's warehouse plans to pitch the deal directly to joseph a bank shareholders. the markets, industry and the public are still coming to terms this week with the president's plan to rein in government intelligence gathering. phone companies are bracing for the overhaul.a big question that remains is whether those companies would be responsible for collecting phone records of americans. there is some fear that might put companies at a greater risk of being sued. in sum president obama will end the broad collection of phone data by the national security agency, move the data outside of the government's control and will restrict eavesdropping on foreign allies. as the nation that developed the internet, the world expects us to ensure that the digital revolution works as a tool for individual empowerment rather than government control. the president said he has not seen any evidence of abuse in the nsa's data gathering and insisted it remains an imporltant tool to locate and prevent terro

his son brett and his business partner said the stock was undervalued. icahn disagreed and promised to pay if the price rose. well you know the story- the stock shot up from $300 to $400. under the agreement, icahn jr and his partner are entitled to about $11 million so far. still to come: does debilitating debt have americans dodging the mall?? plus...branding shakeup...as a pop star goes from teen role model to bad actor. an american "sweetheart" celebrates her 100th year, with a youthful makeover. that's all after this in the know message! charges of drunk driving, resisting arrest, getting behind the wheel without a valid license landed pop star justin bieber in a miami jail for a short time last week. here to tell us if the biebs brand will be diminished is david e. johnson, ceo of strategic vision joins us via skype this morning. what an image he has held up. forbes last ranked justin bieber at number 9 among the top 100 celebs, earning at $58 million. for years he made money on his good guy image. is this forever changed? >>good morning. yes it is

they used to be undervalued. it is a big question. can they repeat it in 2014? it really depends how quickly they are going to spend. >> thank you so much for joining us. looking forward to the afternoon business in tokyo. a decline of two percent in the morning session. speaking on the rest of the asia-pacific region and also hong kong and shanghai. at pmi number coming in 50.9. and a number below 15 is contraction, above is expansion. >> in bangkok protesters want to bring the city to a standstill. stocks falling even more in china. -- live in mumbai. first let's get a look at the markets. the license company seeing gains. one of the investment banks upgrading the forecast. seeing stock machines. the taiwanese smartphone maker. they are actually half of what was forecast. well off the grid in those regards. they came out with robert downey junior not paying off at all. two and aling nearly half percent. trading day was a rocky day. how is the second session working out? >> there are declines i can tell you. japan following the most in september. all of this fr

some officers feel undervalued by the government of the city and others cite bad department leadership> amanda knoxs ex-boyfriend was taken into custody near the border and told he could not leave the country a day after an italian appeal quorum handed down a verdict in the retrial of knox and raffaele sollecito. she watched the trial from her home in seattle and the court found the pair guilty in the 2007 killing and sentenced each to 28 years in prison. the original conviction was overturned in 2011. she called the latest ruling "unjust," and they can still appeal and today in the first interview since the verdict shell appear on "good morning america" at 7:00. >>> super bowl weekend and the team are ready, the fans are gearing up, and the toughest security plan ever is in place inside metlife stadium in new jersey crews cleared the snow. it is forecast to be in the mid-30's. outside, there are bomb sniffing dogs, fighter jets and helicopters in the sky with high speedboats in the water with infrared sensors. the f.b.i. has done thousands of background checks on the stadium workers.

been pressuring river bed since november to review its business, calling the stock significantly undervalued. the offer sent shares to the company soaring up more%. >>> barnes & noble has a new ceo. the struggling book retailer promoted the head of its nook division michael huckabee to the company's top spot. the chief position has been vacant for almost six months since the last ceo, william lynch, resigned after several earnings and misses sales in that e book business which he developed. shares fell slightly to $14.63. >>> constellation brands out with an earnings beat today. the liquormaker said its profit nearly doubled last quarter thanks to its acquisition of corona. constellation raised its projections. shares rose 9.5%. shares at mcdonald's were in the red after it was downgrade by wells fargo. the first lowered its rating to market perform from outperform saying the company has lost market share in the u.s. in three of the last four months through november. the stocks are 1% to $95.41. >>> j.c. penney told investors it was pleased with its holiday performance but scrimped on specif

for years, viewers out there, you've seen me say the market's been undervalued and we're destined toe the economy is worth a lot more. in 2014, i feel the market is fairly valued but that doesn't mean it's not gonna do well. so you have to look at all the variables and i think appreciation is still gonna be there but you're gonna have to be smart about your stock picking and stick to companies that are really gonna capitalize on continuing economic growth but not be so affected negatively by rising interest rates. > >what about the dow? care to take a stab? > >18,000. > >okay. i have to be a believer. you did such a great job in 2013. thanks as always for coming on the show matt. > >thanks angie. that's a wrap for today. as always feel free to follow us on facebook and twitter or send us an email. we look forward to hearing from you. from all of us at first business, thank you for watching! >> the following is a paid presentation for supersmile, brought to you by guthy-renker. none of the testimonials or dentists in this show have been paid to share their opinions. >> a bright and he

women and undervaluing what their contributions are and i think that's a mistake because again, why wouldn't you want all of your talent trying to move the u.s. economy forward? any clear thinking person would want that. i think we just have to keep advocating the reasons why women's voices matter so much, what we do bring to the table, why it's good for our economy, why it's good for our families and urge leaers to make sure we change the workplace rules to reflect who is doing the work. women are ding the work all across america. we should be supporting them. because still, we will take responsibility for 70% of child cair and household work in our home and so we do need that flexibility. we do need to be paid fairly. we do need to make sure that our young children are wellocked -- looked after so we can do our job and stay on track in our careers. >> quick question here. >> hank wallace. to encourage those voices, senator, to sound more authoritative, what can you do to encourage a new generation to say instead of ask, to avoid talk but actually to say declarative statements with

you look at something that is an opportunity to turn things around and is undervalued.ou look at apple, which is much more mature. it is just an interesting choice to me. >> here is what you do. tim cook avoid carl icahn and move on it is thing. puts the noise that carl behind it. it is a distraction. carl and howrtail do you have a win-win situation. >> did you find a distraction? >> i kept everybody out of it. there were times when carl said i wanted to sell this company. at the end of the day, carl is an investor. he cares about the stock going up. performance is important, at the end of the day i was able to buildarl that i could shareholder value and get to $100 a share. to his credit, it was not about offering $40 a share. >> what he wanted to sell? >> that is an off-line escutcheon, non-online discussion. >> but, he wanted to sell. >> the good news is i did not listen to them. >> it is appeasement but standing up to him. >> i think these companies get into proxy fights and you invest money and other things that are a distraction. you look at other companies where

you poor and -- the european assets are quite undervalued. u.s.utperform the >> one last question. why do you want to buy the australian dollar when goldman ?achs said it is getting out >> everyone is underweight australian dollars. than the shortest position the 2008 financial crisis. you have global recovery gains. commodity prices are likely to turn around as growth becomes more certain. interest rate differentials as well. is unlikely that rba will cut rates any further. truly pessimistic inventor -- investor sentiment. >> a contrarian view does not necessarily mean a pessimistic view instead. and lots of austin is that optimism about the market. still to come, mumbai shows off the new airport terminal, one of those will truly embrace the art of travel, putting the art in the art of travel. give a special report after this short break. special report after this short break. ♪ >> china's central bank has eased in for a cash squeeze. demand a hat of the holiday sent money markets surging. they responded by pumping funds into the system, making a

. >> the bottom line is their proposal significantly undervalues our company.ntly lower than the value we think we can create on our own. >> you say no way. you want to be sold at 160, the price you think is fair. with? >> whenive we said we would do a transaction at $160, and, to be clear, that does not stand on its own. currency matters. stock.r on the charter 20% up and down. way -- concerns with the appropriatet is protection. >> and you are not budging at all. >> we think we could create by running thee company on our own. if charter wants to transact 160 of the terms we laid out on the price. >> we had an exclusive interview with the ceo of liberty media. they are behind this bid. this is what greg said about time warner cable. >> the operating performance of the company losing thousands of describer's, does not marry -- judgmentfidence in our of their growth lance. our job is to make the case it is worth more. ironic they have spent as much energy as they have bashing our conduct -- company. at the same time coveting like nobody ever has before, time war

until the proper style the chinese market and all the grade one is overvalued industry to find undervalued not a good conservative things are controlled by a make up three large part the stock market were to be a good place for shareholder interests. during all the best of times private company with the ipo outside of mainland china and quickly hong kong singapore new york okay that's all we have time for him today at the time to watch. to make them cool a bit of a cost of living in china. until then you can use any brand to call an empty when the kiwi climbed off says. here to tell you from afar and finds nothing and no one are what or who they see not distinguished looking on the way. now police officers not only has nine children or even old fisherman eleven. it's the other. mom don't answer that. determined to see the need for sunsets its inspector frank the stunningly was laid back manner belies his drive to get the truth. i knew i would the is the role as a fast see salome is that. in the chain. the team. the team is from kaiser groups and earnings. so let's assume series ability to

most are being undervalued because of litigation concerns. we are also watching apple today.nvestor boosted his stake $3 billion, calling the in district -- additional investment a no-brainer. nowmore, i'm joined right from san francisco. what is the main deal here? >> karl sees a company continuing to innovate and build out its people want, continuing to throw out billions of dollars of cash, and yet, the stock did not respond the way he thinks it should. he is being very public in saying the company needs to be rewarding shareholders not andrded with stock buybacks dividends. and he is using twitter to announce it to the world. >> regardless of him buying $500 million of shares, he still owns less than one percent. what kind of influence can he have in a company this big? his biggest of holdings. this is a self fulfilling prophecy. he increases his stake in the company and the stock goes up. 20% since then. just by saying he is buying shares, he helps his own cause. >> why does he go public? is it really just self-serving? self-servingrly but it is not totally clear how. it

the value we think we can create on our own -- it is theificantly undervaluing value of our company. fair for time warner cable, what can you live with, rob? >> when we said we could do a transaction at $160, to be clear, that number does not stand on its own. currency matters. we were talking $100 in cash and $60 in charter stock, 20% up and 20% down, because we had concerns about the way the charter stock would trade between signing and closing, so we really believe it needs protection. >> at is the price you believe. >> right. you do not think you can live with something less than that. transact,ter wants to $160 is the terms we laid out. >> there was the ceo of liberty media, which has a 27% stake in charter, and they are behind is what hend here said about time warner cable. >> ok, i am ready. >> they have put forward that they are worth more, but the opera and performance, losing more than 800,000 subscribers does not merit a growth multiple, does not merit on citizens in their growth plans, and our job, among other things, is to make the case to the time people that this is wo

i just think the board is wrong in not taking advantage of a very undervalued situation and not usingheir capital to help the smaller shareholders. >> looking out for the smaller shareholder, that is very noble. >> thank god carl is looking out for the smaller shareholder. [laughter] in both instances, the level of cash they have is a little over the top. >> apple plans to return 100 billion dollars to shareholders in the form of dividends and buybacks, but it is not bound to that, not a promise. if you can go back and talk to your 25-year-old self, what would you say? we will hear what some of the biggest names in the business are saying to themselves. and how much are the olympics worth? nbc's multibillion dollar endeavor. and snow, will it be a problem for the super bowl? the nfl and metlife officials are using this week's winter storm has something of a dress reversal to see how quickly they can clean up the 80,000-seat facility. hopefully they do a better job than new york city. ♪ >> this is "lunch money." you can also watch us streaming on your tablet, phone, and on bloomberg.co

robust response to those demonstrations of course the police responsibility to keep them clearly undervalue countries and united states officially to facilitate peaceful protest particularly what i see protests of course mission in advance as is required but nonetheless when the kind of disorder that takes place that we could see quite rightly now kefford i swear and you claim the police would be expected here in united kingdom to respond very much more robustly. while the authorities an opposition leaders in kiev try to reach a political solution impatient protests as elsewhere are taking matters into their own hands writers have been breaking into government buildings and city halls across the west of the country and opposition leaders seem to be increasingly losing influence over what's happening on the streets in eastern ukraine the situation has been relatively calm so far but locals do fear that back could soon changes. now reports. was road where afraid but we hope that these people will be stopped people internet scholar watching closely the demonstrations in kiev they fear the viol

you will have some stocks that are undervalued and some that are overvalued.othing annual -- unusual. if you think about how things flow too many people are focused on that. >> we are going into earnings here. we saw a couple of big decliners on the basis of disappointing outlooks. what is your advice on what is ahead? >> i think we will see some winners and some losers during this earnings season. earnings season can be particularly volatile right now with the market valued where it is. i think perhaps over the next few weeks, as the work our way there earnings season, we can see some choppy trading. on average it may not look like the market is going anywhere. if you are focusing on the fundamentals of looking for the top line revenue growers i think those are the ones that will continue to outperform. >> you are bullish on u.s. stocks. you see greater growth abroad. a lot of people had a rough ride. he said that is the place to be. >> because everybody has had such a rough ride. a lot of people i talked to were bullish on the market. 2012 was not all that g

august 13, saying they currently have a large position in apple and believe the company is extremely undervaluedand shares rose $20 within hours, and last week, he announced he had bought half a billion of apple stock. again, a no-brainer. if the board does not see his view on the buyback, and his total at that point was three .6 billion. what is interesting about this latest tweet is it does not seem to have the same impact. it has barely made a dent. again, we are seeing one of the biggest down days for apple. >> we are saying this is a whole new kind of activism. is the sec weighing in at all? >> they came out with some rules last april. for carl icahn and their main --cern about retrieving tweeting your position. it is as simple as that. they will continue to monitor the program, and, again, you can see this is working for carl icahn. shares are up considerably since he began to tweet. and the stock is under pressure. from thenan joining me newsroom with the very latest on social media and activism. and i guess back, joins me. he closed seven deals on new year's eve alone. we are back in two

they see it as an undervalued company. it fits two of crescendos five reasons for pressuring the company to sell or restructure, which are data management -- bad management to entrepreneurs that can no longer handle a growing business. -- they moveisions in when they see that a company needs to be sold or undergo restructuring. that includes buying back shares, offering dividends -- eric said that he sees this as four.ample of two of 8% stake.an eigh crescendo really believes that activism is on the rise. they have that strategy am a but they feel that there is more competitors as well. >> yes. have been doing this for 30 years. institutions and investors see that it works and eric will be joining us right here on money moves. host will talk about canada and his strategy. >> thank you. we're going to bring in a kind of canadian. bob rice is joining me now. he is the managing partner and my cohost for this hour. no often that we get to link canada and florida. this is this powerhouse firm that very few people have heard abo

but after all is said and done him a lot of market is still undervalued. economy will grow. lou: that's a comfortiig ensanguined her while. the problem is we have morning and disappointment when in earnings so far. the imf director when he sometimes talks through her hat or out of her half. she may not even where at him. but talking about disinflation. that does have the ring of authenticity in no way of a concern desert took him to cover licking appraisals. an exploding balance sheet on the part of the fed. was the deal. >> there's a lot going on. when 52 percent of companies are beating estimates. that is illustrious seen in a long time. that tells me it analyss did raise their forecasts have finally gotten the message said companies are more profitable. as for five years they have been way underestimating. lou: sandbagging. they have been sandbagging yes. >> and nothing part of that is this regulation. if i tell you of going to do really well and don't, who knows what the sec will do to me. companies have been downplaying things. analysts said been worr

. >> there is breaking news, the company is undervalued.julie on the breaking newsdesk with more details. julie. >> icon on the case on apple that he has made that it's undervalued, it should return cash to shareholders. what is new here is that he is increasing his stake from yesterday. trish, when you spoke to him yesterday, he brought a stick to apple at around $3 billion. today he added another $500 million bringing his investment to $3.6 billion. the move yesterday brought him into the top 20 holders of apple. it's such a big company and so many big investors and so many investors period that it takes a lot to get you into that top 20 or top 10. now the $3.6 billion investments that brought him a little bit up higher. he also says he is in a condition to keep buying apple stock at today's price. remember, one of the things, of course he said to you yesterday is, you know, it's a good value here, why should apple let me buy the stock instead of it buying back its own stock? he also says that he speaks positively about apple and the comp

was in a bubble and it was going to collapse and secondly he wanted to buy gold because it was undervalued and going to go much higher. what happened in two thousand and eight we thought was going to bring the ultimate collapse of the dollar but it didn't it's been postponed by this unprecedented amount of money printing by central banks around the world so earlier this year is gold started to slide you know john and i started thinking well maybe we should write a follow up explain why gold is still good value why it's going to go much higher and the bigger issue that what's created as a result of the two thousand and eight collapse and government response to it which is the money bubble in currency is going to be that is the bubble and that's what's going to pop you know as we talk about the outcome that many expected after the two thousand and eight crash one was a massive money printing which we got. inflation which we didn't get in the way we thought we would get it we got it in asset price inflation and we got it and some price inflation the c.p.i. cetera but not to the point where th