In a defiling that it now owns 7. 5 of the food giant which makes oreos, ritz crackers and wellknown brands. Whats unclear is what the investor wants to do with the company. Ackman wanted the snack maker to grow revenue or cut costs or sell itself. Mondelez, for its part says they will welcome them as investors in the company. Ackman joins nelson peltz. His firm holds a 3 stake in mondelez. Well show you whats going on now in the premarket trading as a result of this and you wouldnt be surprised to see that they are sharply higher. What does he want to do with the company . He wants the stock to go up so he can sell the stock for more than he paid for. We were having a conversation off camera. Okay. Maybe he sees something thats not being optimized at mondelez the way that management is running things but what he really knows is i have enough money, 5 billion. I can make a splash and in all likelihood the stock will start going up just on that and then you agitate, you mess around, you
Were talking about real revenue revenue. We have a controversial story on cnbc. Com today. The headline reads is the 401 k experiment a failure . First we didnt know it was an experiment but we will get to that a little bit later. The writer of that piece on cnbc. Com says that the facts add up to an f for 401 k retirement plans. Weve heard from many of you on twitter as you respond to that article, but the author kelly holland, will be with us to back up that story and well be talking about it a little bit later. Yeah. Ted cruz he jumps the line. Hes now the first to officially declare he is running for president. So where will he get his money . Is anyone on wall street behind him . Well find out later on in the show. Lets get you caught up on the markets today. Kind of a quiet session even with comments by fed vice chair Stanley Fischer which well talk about in a moment. The dow is up 54 points. Were getting closer to an alltime high for the dow, too, as a matter of fact. S p is up
Billionaires this week, and a certain millionaire actor. Well get to that in a bit. First, bill ackman was leveling a charge at zoros fund. A stock that ackman is shorting. The question is was that illegal or is this just a case of sour grapes . Former s. E. C. Boss harvey pitt will weigh in. Also, much more fallout from George Clooneys fullthroated assault on dan loeb and his move to try to split up movies. Is clooney biting the hand that feeds hollywood . Well look at that and more. Look forward to that. Also black monday for Major League Baseball. Multiple suspensions for performanceenhancing drugs coming down at any moment. Alex rodriguez is expected to get the worst of it. Maybe thats why hes the only one fighting the suspensions. Were live in chicago where a. Rod is still expected to play his first game of the season this evening. You cant make this up, folks. We are there for the spectacle. Turning our attention to the markets right now. As we mentioned, the dow is down by about
Thats right. See, im still on vacation. I know. It seems to have started to head south when Speaker Boehner and others came out in support of president s call for military action against syria. So the market seemed to be able to handle this better than expected ism news. Can it handle higher Interest Rates, 2. 09 , cannot handle syria. You know, its the unknown. And now that john boehner says hes agreeing with the presid t president , that ups the ante in terms of a real military action on the horizon. And thats a complete unknown. Syria also on the mind of former home depot and chrysler ceo bob nar deli. He said its a looming issue over the economy. He has a lot to say about that and the impact of new healthcare law. Hell also be here to tell us who he thinks should be the next chairman of the federal reserve. You dont want to miss this exclusive interview. Thats coming up later on on the closing bell. And if buying nokia was such a good move for microsoft, why is the stock getting sl