Disclosure, empty and herbalife shares have their best day ever. Good morning. I am watching i am erik sheth i am Erik Schatzker. Stephanie is out today. Lets begin with the newsfeed. It has taken almost six years, but today the sec is poised to approve an overhaul to the 2. 6 trillion money market, closing one of the scariest chapters of the financial crisis. Require prime market new rules will require prime money market funds to drop below the sacred one dollar a share. Money market funds sold to Retail Investors will be exempt from the new rules. Big presentation on herbalife yesterday turned out to be a moneymaker for investors on the other side of his short. Carl icahn, herbalifes biggest shareholder, made 234 million as the stock surged. Other big winners include george soros and richard parry. The owner of the l. A. Clippers cries foul again. Donald sterling is suing his wife and the nba accusing them of fraud over the planned sale of the team to steve ballmer. Sterling says he
Will show you how microbreweries can tap into a bigger market. Good monday morning. I am Erik Schatzker. I am stephanie ruhle. How was your weekend . , it was great. It was great. Shopping at the Union Square Green market and then i cooked it all. I went to fairway for the First Time Ever and i loved it. Whats not to love about fairway . Coming out of ikea anything is possible. Time to move on. Newsfeed,ime for the top business stories from around the world. Easy money may last longer than you think. And driving one of the longest economic expansions on record. This expansion will last as long as a decade, we are told. The reason is monetary stimulus. Has agreed to buy ges appliance business. It means electrolux and whirlpool will dominate the american appliance market. General electric ceo has been getting rid of the less profitable units so he can focus on highmargin Industries Like aviation. The richest college in america just got a richard. Just got richer. They received a donation