Buzzing about carl icahn, eyeing apple as his next target. Bob, whats going on . Reporter it was a very interesting new world tweeting out positions like this. Lets look at apple, folks. 33 million shares . I looked at that and blinked, because normally apple does 10 million. Three times the normal. The tweets carl icahn sent out. We currently have a large position in apple. We believe the company to be extremely undervalued. Spoke to tim cook today. More to come. Well, there was more to come. Theres the next tweet. Put it up. Had a nice conversation with tim cook today. Discussed my opinion that a larger buyback should be done now. We plan to speak again shortly. The company did come out and say that acknowledged there was a meeting, nice to talk to mr. Icahn. The bottom line here, folks, the stock market had a great day. And apple moved up and that helped the nasdaq. Let me move on and talk about the rest of the market. We saw the market down throughout the day. This has been a patte
Days after that Shopping Mall massacre, Security Officials meet ehere in the usa. What can be done to make americans safer when we shop, when we send our children to school, when were out in public places. Well it take you inside the security threats we all face later this hour. First to sue. And we start with breaking news from washington, ty. The Senate Moving Forward after senator ted cruz, 21hour 19 minute run speaking on the senate floor in an effort to defund president obamas health care plan. John harwood is at the white house with the latest. John, over to you. Sue, ted cruz has put away his copy of green eggs and ham done talking. The senate has begun the process of voting which by all indications is going to have a majority or a super majority, more than 60 votes, to take up the bill that would extend government funding and harry reid will then be able to strip out the provision defunding obama care with democratic votes. Thats going to play out over a series of days. And har
And 15 days of shopping time left before christmas. Weve got the power lunch focus group, where are shoppers going . How much are they spending . What are they buying and which stocks are likely to get a pop . Which will drop . Thanksgiving, the s p retail index up. 5 . Not much. Sue, despite the effort weve been putting into this shopping. I know. Ive been working my shopping fingers off, ty. Were talking about that ageold battle, stocks or bonds. You mentioned it has happened before, maybe you can win with both. Take a look the at the tenyear yield. It is up more than 3 in a month and the s p 500 is up 2 in that same period of time. But even though both assets are ticking up right now, that probably wont last forever. Senior economics reporter Steve Liesman joins us live from hq. Hey, sue. Always hard to tell how stocks will react. One thing is clear, everyone in the Interest Rate world, this will be a rate cycle like no other we have ever experienced. Some respects it looks now more
Later this hour, but first to sue at the nyse. Yeah, big recovery in the market which well get to in just a second, but were starting with the still developing story. The Justice Department grounding the planned merger between u. S. Airways and amr corp. Investors not happen we either stock, as you can see. U. S. Airways down 7. 5 . Amr is down had 43 to 3. 33. Phil lebeau is live in chicago and this has big ramifications, phil, for the rest of the industry. Reporter huge, sue, and thats why the airline shares have traded lower. The doj says this is about ensuring competition. Just had a Conference Call and we had a chance to hear what they had to say. One quote stands out from this Conference Call when it comes to the doj and their explanation for why they filed this suit. Essentially they say it all comes down to determining that the merger would have substantially lessened competition for commercial air travel throughout the united states. Importantly Neither Airline needs this merg
Had this before, of the theater where the product is going to be unveiled. Our jon fortt is inside the event. Brian sullivan is outside. He will give us live updates as the details are unveiled. A lot of tension down here, you cant afford to go anywhere this hour, with the dow and s p at the lowest level necessary seven weeks, statistics for you. The markets dropped, the dow had the biggest point drop in the 1 p. M. Hour. Fry davis the same story, the dow had its biggest point drop after the open. Also in the 1 p. M. Hour. Falling 36 points. Yesterday again, the dow dropping almost 40 points in our 1 p. M. Hour. On aggregate, the threeday net change, the dow lost almost 100 points during this 1 p. M. Hour period. All right trend continue today . Well, right nows, down 223 points on the Dow Jones Industrial average, 13,122. 46. Full Team Coverage of the selloff with bob pisani here at the nyse. Seema mody at the nasdaq, Sharon Epperson following oil gold and Rick Santelli off camera now