Bill ackman taking 5. 5 in mondalez. Those subscribers worries that originated with disney. A trio of stocks tesla, Green Mountain and fitbit, hit hard. Our top stories are mondalez shares spiking. Bill ackman disclosing that 5. 5 billion shake in cadbury. They welcome Pershing Square as investors and will continue to focus on executing our strategy as we look at another sector where mass sick consolidation is the play. We have been through airlines and health care. Now, it is food. We can remember that nelson felts has a 2. 9 stake. I have to turn to you, david, with more than 10 being held by you. I have to expect that. Thats got to be the expectation in terms of the play for ackman jim. You and i have talked behind the scenes about what it was going to be. I have been chasing this for some time as many have. I have probably put on alert more bankers than we know about. I thought, what could it be what could it be . I dont think any of us would have expected it would be mondelez. The
This case. I know the facts of h case like the back of my hand, you told me and theres nothing wrong thats been done. Why did you settle . Well, it was very simple. My lawyers told me winning would be very high. The golden partner, hedge fund manager, im wealthy, enough factoids and impress juries and that the cost of the trial would be 15 to 20 million and go for an a couple of years. We would likely see appeals, but let me make it clear. I vented into whats called a no admit, no deny settlement, which prohibits me from commenting on the governments allegations, where theres strength in my defenses. B i believe it speaks for itself and ill leave it at that. Do you worry some will see this settlement and think youre guilty . That you did something wrong because you settled . Theres always that b possibility. But i think you know, you get due process was extraordinarily abusive. This is one of the reasons im sitting here. Id like to prove things for others who are afflict nd the future
Competing for the limelight. A great exclusive with Vladimir Putin, that it is also jobs day. People want to see the indication of what the fed will do. Tom right. 8 30, but on jobs at certainly the putin interview is front and center. There are a lot of different themes here, francine, not only what he said but what he didnt say as well. Francine right. And it was a twohour interview so we have a lot to get through. Lets get now to the bloomberg first word news with emma chandra. Emma for more on that interview, russia wants to compromise in the dispute with japan, that stretches back more than 70 years. At the end of world war ii, the soviet union occupied four small japanese islands. In an exquisite interview, Vladimir Putin says he wants to develop a longterm relationship. [speaking russian] there is a discussion of this topic, and we did that, we met them halfway. Withe past couple years, our relationship from the japanese side, we have moved forward. Our partners are showing a wi
think the iranians have any illusion that in a major confrontation with the united states, they would come out of this anything other than a huge loser. uma: well the stakes remain quite high in this regard. certainly something we ll watch very closely. thank you so much for joining us with your insights today. always a pleasure. uma: thank you. jon: from oil troubles in the middle east to oil production troubles in alaska. a shell oil drill rig in trouble in the gulf of alaska. that now unmanned rig became stranded in a fierce storm. it was being towed back to port when the cable snapped. all 18 workers on board have been evacuated. overnight the coast guard and shell workers managed to reconnect two tow cables with very rough seas. they re hoping to tow it back safely to port. but in alaska in this weather nothing is easy. we ll keep an eye on it. uma: secretary hillary clinton is hospitalized over
cat attacks could continue to follow. local cities across china are looking up ways to step up security at schools. back to you. that was adrien mong. we re keeping an eye. the oil has reached the shore. some believe the spill could be worse than the 1989 exxon valdez disaster. oil tycoon t. boone pickens or boone pickens as he calls himself now. he may have the answer that would settle our oil troubles once and for all. to my grandkid.