Good afternoon, everybody. It is the last hour of trading, welcome to countdown to the closing bell. We have a breaking news story today. Battlbattle of the financial ti. Two billionaires against each other. Carl icahn the wall street journal just breaking the story has taken a long stake in herbalife. Look at this intraday picture. The Hedge Fund Manager is a guy who has said you know what, i will short this stock. Getting hammered the past couple of days. Today it started off that way until the news just broke that carl icahn is jumping in and saying herbalife, i am in. The stock is well off of the lows of the session now down twothirds of a percent. Had been down 1. 8 earlier today. Just about 13 minutes ago at about nine minutes to the hour. Wwere watching herbalife right now. Turbulence at boeing. A top analyst out in front. We also have ol goldman stellar quarter. And stocks are mixed. Weakness in the Dow Jones Industrial. So much of that has to do with boeing. So what is the sto
News conference by outgoing fed chair ben bernanke. Wall street is on edge over whether he will disclose a wind down of bond buying stimulus program. Ahead of the meeting stocks went wild monday. The dow pushed up by 130the nasdaq 29 and s p by 12. Gold edge higher by 5 dollars. And oil by 71 cents. A report says a vote to approve janet yellen as the next fed chair could happen thursday. Today, president obama meets with top tech leaders to talk about the healthcare. Gov website and nsa spying. Also a snow snarl is expected for commuters from the midwest to the east coast. Take care on the roads. Glenn schultz of Performance Trust joins us now. Glenn, will it be a terrifying tuesday. Everybodys so concerned about this fed meeting. What is the bond market telling you . The bond market is telling me that theyve handicapped the odds of tapering at around 60 70 . If you compare this to the economists predictions thats about 34 of economists polled said theres going to be a taper. But you a
Times ebidta. Apple is extremely cheap, the stock will be at 600 the next 18 months. Buy it again. Go back to 600. You care about all the proposition 2 . Yeah. I dont think its critical i think it is a bit of a nuisance. This is a company thats made more money for shareholders in the last few years than the entire rest of the Technology Industry combined. Give them a break. They didnt even have a dividend 12 months ago. Right or wrong . I dont know if hes right or wrong. I think you have to give management a little bit more time. I think that we are going a little too hasty pushing them h i think they will do the right thing, return more cash to shareholders. No question about it. Give them a chance. Thank you, guys. Take the foot off their throat. Join us tomorrow. Squawk on the street begins right now. Good thursday morning, welcome to squawk on the street. Im carl quintanilla, melissa lee, jim cramer. Faber is on assignment, he will interviewing me whitman tomorrow from hewlettpacka