Yesterday late in the day we got another famous tweet from mr. Icahn saying he had written a new letter to apple. Weve heard some of the contents of that letter, which apparently is about to be made public, if it hasnt been already. Theres the tweet were referring to. The specifics that havent been shared completely as of yet or perhaps are just in the process of being shared is that mr. Icahn wants to tender immediately, buy apple for 150 billion worth of its shares. Its choking up jim over here. Right now he wants to tender an offer . At the current price is what hes asking for in the letter. He also says in the letter that he would not tender his own shares into that immediate tender offer, again of 150 billion. So roughly about a third of the market cap of the company at its current price. And he also said he would not tender. And he has raised the stakes on the earnings to 4. 7 million shares. It has been roughly 4 million shares. Were talking about a 2. 5 billion position for mr.
A senator mr. President . The presiding officer the senator from pennsylvania. Mr. Casey mr. President , i ask that the quorum call be vitiated. The presiding officer without objection. Mr. Casey thank you, mr. President. Mr. President , i rise today on the day when we are ever hopeful that well be able to complete legislation tonight that will remove the threat of a default as well as to open up the government and to allow us to go forward now with negotiations on shortterm budget issues for the next year and even beyond that. So were im confident that that will happen, well be able to complete most or all of the work tonight. But i think in a larger sense why its vitally important we get this agreement effectuated is because there are an awful lot of people throughout that have been hurting. Hurting for several reasons. Weve had a recovering economy but job growth hasnt moved fast enough, we still have by way of example in pennsylvania over half a Million People out of work at last c
Weve got the answers for you coming up. Varney company is about to begin. Thank you orville and wilbur. Amelia. Neil and buzz for teaching us that you cant create the future. By clinging to the past. And with that youre history. Instead of looking behind. Delta is looking beyond. 80 thousand of us investing billions. In everything from the best experiences below. To the finest comforts above. Were not simply saluting history. Were making it. Woo, hoo. The obamacare train wreck rolls on. Dont tell that to the health and Human Services secretary kathleen sebelius. She doesnt work for you. Listen to this. The majority of people calling for me to resign i would say are people who i dont work for. Charles Liz Macdonald is here. Who does she work for . Us. Charles us, everybody. News flash, this problem with the Health Exchanges is going on and on until we get resolution how its going to be fixed, who is going to fix it and how the money is being spent. Charles you would say, getting back to
All of the action for you, its sure going to be a busy week. Earnings, Economic Data and, of course, the Federal Reserve. Jason weisberg is on the floor of the New York Stock Exchange, and Price Futures Group phil flynn joins us from the cme. Jason, to you first, is this the calm before the storm trade ahead of the ped . I think this is really the earnings trade. I think the fed will be a big nonevent as it has been. I think the budget talks and the stalemate that occurred priestly up previously upstaged the fed, and i think the fed is going to be a footnote compared out of what we saw out of the government. I dont know, jason, global stocks were on the rise on some thinking that the fed instead of, you know, for months, for two months its been the talk of when will the fed taper, but now, boy, maybe we need some additional stimulus. Today we had the existing home sales that were a little wit weaker and some of the manufacturing data didnt come in so solid, not to mention the jobs repo
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