same for carl icahn. he will not actually be on the board, it will be one of his managing partners, i believe. mi: leslie, what do they say about this investment? "bloomberg businessweek leslie: it could be a way for him to build his own impact. -- his own empire. how will this strategic health ebay or other investments to build the icahn empire? another thing people are looking at is what does this mean for management? carl is known to come in and shake up management, find out what does not work and replace them with people who may be better suited for the job. those are two things to look out for that investors are keeping an eye on. emily: all right, leslie picker in new york, eric newcomer and cory johnson with me in san francisco. we are interested to see how this icahn investment plays out. in today's edition of drive google's self driving cars are about to hit the open road. check out this new video of a prototype that actually will be on the streets of mountain view california starting this summer

we are seeing it here today. -- carl icahn. olivia: perhaps the new spreading that tim cook trying to get them return more to shareholders. what is the assumption he is making? >> he is very ambitious here. he is making some assumptions about what kind of market you will have with english tv, autos -- areas that have not yet demonstrated it can really conquer. --what kind of markets you will ane with areas of tb anv d autos. olivia: autos? >> these are things that are really in the future. pimm: put it in the context of what are the sales now of apple and the market cap so we understand what he is looking at versus the current apple. >> obviously tim cook and steve jobs before him have made apple into the world's most valuable company. they have a track record showing they can deliver. entering new markets. there has really been a revolution over the past decade for apple. they have demonstrated their ability to get into new market. so there is reason for optimism here. olivia: tim, correct me if i am wrong, last time carl icah

cook is hearing again, as we mentioned, from carl icahn. he wrote an open letter urging him to expand apple by box further. that applen says shares are worth 86% higher than friday's closing price. joining us from washington is tim higgins. is this realistic that a letter from a large shareholder will change the way that something does its buyback program? >> this is not the first time carl icahn has pushed apple to increase its buyback and it has been successful in the past. increaseounced it will by --pital return program it has been successful. we will see what will happen here. betty: we will see what happens, in his letter, which was generally complementary, writes that "it is our believe that large institutional investors, wall street analysts, and news media like, continued apple --d misunderstand apple." i cannot tell you another company that would have a larger love affair with the company -- with the media that apple. there seems to be a general debate is apple has peaked with its iphone. the larger screens and the iphone 6 and si

erik: carl icahn versus larry fink. last month, fink wrote to chief companies in the s&p 500, urging them to resist the pressure to buy back stock or raise cash dividends. this past weekend, carl icahn fireback -- fired back at larry fink. carl: the most important thing in the company is the ceo, by far. there is nothing close. i don't believe they should get 750 times what the average worker gets, but i don't begrudge them that money of the stock goes way up also because of a gets the stock up, let them have some good money. but look what you have. you have this club system and a lot of them feel they can do what they want because of guys like larry fink. erik: who will win this battle the man running the world's largest asset manager, or the grizzled critic? we are joined by foggy own. stephanie: thank you. i was not sure we were going to do today. erik: is it carl icahn or larry fink? guest: on larry's $4.6 trillion about $1 trillion or so is in passive etf's. we'll await you can perform, you cannot sell the dogs in

mark: what does call i can't see icahn see does carl in lyft? that's just ahead. ♪ and welcome back to the bloomberg market day, i am betty liu here with mark crumpton. let's go directly to julie hyman with a look at the markets this afternoon. julie, hi. julie: i do want to focus on where we are seeing movement. movements seen big today and trading at a record, it is above $600 a share for the first time ever according to people familiar with the matter. we've been talking about this a lot today, netflix is in talks with the chinese media company backed by jack ma as it tries to enter the very lucrative online video market in china estimated worth $9.9 billion. ofre also watching shares yum! brands today, and it is now more of a probability and start a a -- probability instead of possibility that yum! would spin off its china business. there was this reaffirmed 13feve in yum! and his filing didn't confirm that as well -- did confirm that as well. is under pressure into 2016 and that there is a potential for liquidity crunch for farmers, which

carl icahn says that apple worth $240 million. one of the other groups doing particularly well today helping to support stocks overall, health care leading the gains today. i want you to see prices down for the first time in three days. similar movement over in europe in anticipation in the greek situation. the dollar having the best day since april 9. jumping from a four-month low. we had a losing streak for the dollar. a lot of data coming out here in the united states. and the latest from the federal reserve. mark: another republican candidate, lindsey graham says he will officially announce on june 1, running for president obama's's foreign policy. he says he has been more right than wrong on foreign policy and is running because he thinks the world is falling apart. scarlet: as you know, intel is looking for growth. mark: the lobbying group airlines for america's says u.s. carriers will fly to hundred million passengers from june to august, a 4.5% increase from a year ago, and it would beat the record set in 2007. those are y

managing directors of -- carl icahn sperm will join the board. went for $50 million last night at christie's here in new york. for a an auction record modernist painter and it was sold near the end of a week reported a huge frenzy in buying. since may the fifth, $2.7 billion worth of art has been auctioned at somebody's, christie's, and phillips. that is $400 billion more than the old record that was set last november. chrisrsey governor christie was once a presidential front-runner, but these days he is plummeting in the polls, and you could blame the bridge kate scandal. his reputation is looking a lot less impressive after a series of credit downgrades. he still has several backers, including the ceo of home depot. he talked about his support. america needs the truth, and american indians candor. we have a lot of issues that need to be dealt with. it is a type two-putts the politics o -- it is time to politics aside, and have an executive in the house. an example ofs what we need. the american people should not be totally dependent on governme

carl icahn calls out larry king. the activist investor says the blackrock ceo is just protecting his friends. his other ceo friends who are underperforming. is he right? more on that next. ♪ t ceo larry fink. he says that last month think told ceos to avoid giving in to pressure from activist investors like carl icahn who wants immediate dividends. carl icahn says that is a more difficult thing to get rid of underperforming ceos. >> i don't begrudge them of that money but the stock goes well. if against the stock up, let them have some good money. look at what you have. you have this clubby system. and you know what? a lot of them feel like they can do what they want because of guys like larry fink. betty: larry fink has not responded to carl icahn. we will see what happens. it is twice six minutes past the hour. bloomberg television is on the markets. we are staying on the mcdonald's story. scarlet fu is staying on the markets as well. scarlet: futures and focus. oil is down after a low survey from china. the game

carl icahn is conservative. he thinks apple should trade at 18 times what he expects earnings to be. that is where you and carl differ. you think next year apple is going to generate 9.5 dollars a share. dean yell: a number could be close to $11. erik: your report says $9.58. daniel: what could be the upside? it is china. it is wearables. stephanie: once people are in the apple ecosystem, they never want to come out. think about the value proposition is apple versus so many of these tech companies doing what for whom and providing value where? erik: that does not justify a higher valuation for apple. stephanie: all of the evaluations out of control do we see them normalizing? apple makes a time of dough. daniel: apple is the standard. larger ipad, they will give some breadcrumbs on the apple tv. these are key ingredients in that recipe for success. china is front and center. it comes down to a $150 billion market opportunity. china is going to be the number one market for apple. stephanie: how many people do you

investor carl icahn is the shares could be worth the most twice what they are worth now. su keenan has been looking at the action and the rest of the news on wall street. carl icahn is pushing for a bigger share by -- share buyback and that helped to push shares higher in trading. carl icahn is calling for the company to boost a buyback beyond what it announced, and when it announced with the $70 billion increase. the billionaire wrote in an open nower to apple ceo tim cook is the time for a "much larger buyback." his position is the market continues to misunderstand the maker of the ipad and the iphone and that its shares, in his view, have a value 86% above where it closed friday. in other words, he thinks the company has a market value of $1.4 trillion and therefore now is the time for a bigger buyback. that was one bullish aspect of the trading day. stocks rose to another set of records. day ofrd straight closing highs for the s&p 500 and a fresh all-time high for the dow after breaking the prior record on march 2. banks rallied. the dollar climbed from a four-month l

carl icahn is once again poking the apple. in a new letter to tim cook, he argues that apple should buyback more shares. and says this stock is grossly undervalued. he believes the stock should be worth $240 a share, that is up 85% from today's closing price should buyback more shares. of $130. the increase would give apple a market value of $1.4 trillion. joining me from d.c., tim covers apple. obviously icahn and tim cook have a relationship. what is he trying to a copy which with the open letter? , tim covers apple. tim: he has been putting pressure on apple to increase buyback. this is the first time apple has responded several times in the past. they said they would increase the capital return program by $70 billion for the neck two neck two years. your is carl icahn a few weeks later saying that we would like to see a bigger buyback. emily: he kept saying that if you focused on cars and television, you could work something out in terms of raising your value. is tim cook going to listen to what he has to say when it comes

carl icahn wrote an open letter to tim cook, saying that he believes the shares are worth $240 today at 58%, from where they closed on friday, he said that he believes apple will letter enter to new , television and cars, and for months he has been pressing them to return for cash to shareholders with no comment from apple scarlet: lindsey graham could become the seventh major candidate to jump into the in nomination.p the south carolina republican said he will officially announce his lands on june 1. he is a member of the senate armed services committee, a in nomination. major -- major critic of the presidents foreign policy and is running because he thinks "the world is falling apart. a crucial early primary conference will be -- contest will be held in his home state. watch out, the president has his first real twitter account. minutes the tweet had more than 7000 retweets and 6000 favorites. following 65's people on twitter -- maybe am one of them? just kidding. among them his wife, joe biden, bill clinton. he is not following any of the presidential hope is. scarlet: think of ho

stephanie: carl icahn and larry. carl came out yesterday and said larry, -- a lot more for companies than you ever did. what do you think? barry: did he say that question mark i'm not quite sure he said that. buybacks are good if the management is good and is creating value. but i thought he agreed with larry that is a company is just buying back stock and the management is not capable of generating value and investing the capital in a more attractive manner than buyback stock, then there is no point in buying back stock. stephanie: our traditional money managers just rubberstamping boards and saying, good enough? barry: i think it is evolving. i think activism is changing. that is a good thing. stephanie: thank you so much for joining us. emily, we ran out of time, but i really feel like barry was going to say, maybe more women on those boards be a not sure, but i feel like he was going to say that but we ran out of time and what do you think? emily: you tried. thank you so much for that interview with barry. more a

stephanie: dan loeb, and what about carl icahn? you are a carl icahn protÉgÉ. he said he is majorly bearish in the high-yield market. keith: i would defer to carl. his stomach is as tough as anyone's when it comes to this. we have had a good period of time. interest rates are low. federal banks globally are accommodating, and if you put money in your wallet, and it gets taken out every week, every month, that is what negative interest rates are, so if money goes into your wallet and disappears, people will do something different, and people are doing something different. they are buying equities, so as long as it is accommodative, i think you will see it continue to appreciate. the challenge will be when we start to see some inflation, which we have not, or when we start to see asset bubbles build, which is the other risk of sort of free and loose money but for now, i think equities are attractively priced. i agree with carl. i do not think the risk/return justifies the credit. the best way to do this is to borrow money with a company that invests in itself. ac

brendan: why do we have to listen to carl icahn? eirik: i am not sure we do have to listen to carl icahn. he is a smart guy, but he appears to be wrong on one thing, which is the two markets that he protected yesterday apple would come to dominate our the television on the one hand and the car on the other hand. he is not protecting that apple will dominate the automotive market until 2020, but he says that television will be a big deal for apple in 2015, and what happened since then? we learned overnight from the "wall street journal" that apple quietly scrapped plans for a television, not the apple tv we know now, the hockey puck-highest device, but a television last year. brendan: let me call it a distinct and without a difference. atv is just a screen. it is a device that fits into the tv that will allow them to dominate. i am willing to buy that even if they abandoned the screen, just doing the device makes a difference. am i right? rick: there is no margin any screen. erik: right. rick: own all the software the media feeds com

so you can take the next big step. >>> welcome back, we're back live with carl icahn, his son brett icahn, david schechter as well. carl, one more question on apple before i move to other things. do you have an apple watch? >> i'm going to get one. i didn't want to be pushy and ask for a special watch when people couldn't get them. but i will definitely be wearing one. i think it's great. you know, i have do admit i'm going to tell, i think schechter has one. you ask him. he got one somehow. i do have one. it's a beautiful watch. and i think over the next few years it's going to go from having, from being something thaw want to have, to being something that you have to have. and keep in mind that apple is, we're forecasting apple selling 220 million phones this year. >> it's like as a kid you had the dick tracy watch and you can talk into it. it was a myth, could you talk into the watch. now you can talk into the watch. what's the price of icahn enterprises and it flashes right back at you. >> just for the record, i have the watch, too, i just got it. but i ordered it a couple of days aft

a $100 million infusion from billionaire investor carl icahn. how concerned should rival uber be about that? the pros will talk about that coming up on "closing bell." stay tuned. >>> we've talked about many of the major averages hitting record highs in the last couple of months. different story for the transports they've had quite the pattern since the year began. look at the volatility for 2015 so far. while it's all over the place, so far, net/net, the index is down 5% or more this year. one of our next guests says something just isn't right with this sector and he thinks things could get worse for the transportation stocks. >> let's brawl this important one out. carl werth,. >> we know it's the precondition that sets up weakness, which this in the 13 14 period. it's the best performing theme of the market with the exception of biotech. virtually doubles. it's been rolling over since friday, november 28th. there's nothing random about that day. that is the day that opec said we're not going to cut. we're going to see this through to the end.

lyft gets a funding boost with help from carl icahn. why he is betting on the start up instead of our tribal uber. record labels are not happy with free music services. why a company thinks it might have the solution. good afternoon. i'm scarlet fu here with alix steel. x: stock split much flat on the day. still at a record high for the s&p. lumpy data,really consumer sentiment falling, then not doing anything for stocks. we are seeing utilities and energy do really well today.

carl icahn is once again poking the apple.

why do you think carl icahn makes them so attractive and is making such generous statements about them? >> i think they're way behind ub anywhere terms of fundraising. so but they've got -- uber. but they've got backers. i think people are waiting to see if it can break out in a way that's highly competitive to uber. uber is rated at $41 billion. the number see normous. $50 billion and this is a much smaller number. so i guess icahn is taking the idea that ride share something a big deal and maybe one of these companies getting bought, it would get bought by google or someone else working on ride stuff like google. so maybe they can grow that company. it's not a bad bet, the number two in the market that's growing so quickly. still, the valuations are enormous. and the revenues and things like that. he's talking about a big secular shift in ride sharing and in transportation. so he thinks you know, he's betting on the cheaper ones for one he can afford better. it's an interesting way to invest. >> kayla, this is an order of magnitude less than i believe uber's latest rounds have been.

tom: carl icahn-like let's put it that way. [laughter] why are the hedge funds saying bye-bye to apple? >> the hedge funds don't run their portfolios like individual investors do, tom, they can sell for generating cash, they can sell just because their management has a different prerogative. so as an investor, you've got to look for yourself at apple and figure out what you want it to do. i think it's looking at automobiles, entertainment, there's a $2.3 billion addressable market, and i think that's what apple's all about. tom: yeah, but isn't carl icahn, isn't that kind of a guessing game? we've seen this rodeo many many times before. he goes in, he says i'm interested, the stock goes up, he gets out. you make money -- well, if you get out soon enough. is that the story here with carl icahn and apple? >> well, you know, that's a lot of the story. been there, done that got the t-shirt, been to the rodeo. activist investors tend to talk up their own book. but i think long before icahn got into this that apple has a huge address

eastern. >>> carl icahn is worried about the u.s. stock market but he believes junk bonds are even more dangerous. he says money keeps pouring into high yield bond funds ooven though that market is ridiculously high. he says when those yields start coming down there will be a great run to the exits. icahn also says apple a rare success story that only comes along every 50 years. he's still pushing the company for more buybacks surprise, surprise. let's bring in ken cayman to discuss today's and this week's trading action. i want to start with warren buffet's remarks. have negative bond markets force investors to seek returns? >> there is no doubt about that. people are so far pushed out on the risk scale and uncomfortably so. everyone is looking for yield. in a lot of ways savers have been punished. these low interest rate environments have broken the covenant with our older savers who save their whole life. put your safe money in fixed income instruments, they get nothing on it. which interest rates start to go up we're going to see

again, carl icahn writing an open letter to tim cook. he encouraged graduates to get off the sidelines to the graduating class at george washington university yesterday, take a listen. >> the sidelines are not where you want to live your life. the world needs you in the arena. no matter what you do next, the world needs your energy. your passion. your impatience with progress. don't shrink from risk. and tune out those critics and cynics. >> the speech wasn't all serious. cook took time to make a few jokes along the way. >> they asked know make a standard announcement, you've heard this before, about silencing your phones. so, those of you with an iphone, just place it in silent mode, if you don't have an iphone, please pass it to the center aisle. apple has a world class recycling program. >> interesting. i mean great speech. as we said this morning with kramer, his public persona continues to evolve over time, yeah? >> and the public persona is about excellence and precision excellence and over the weekend, it came out that apple bough

carl icahn is once again poking the apple.

i will see you on monday. ♪ emily: carl icahn gives lyft a $100 million lift, but is it enough to help the company catch up to uber? i am emily chang, and this is "bloomberg west." coming up, netflix may be teaming up with jack ma. we look at the company will the plan to expand in china. self google's driving cars are about to hit the streets. and one of the highest profile vc firms run by women is getting ready to raise its funds. first, to our top y

carl icahn noting that they want to put more buybacks to the company. target of the reporting at definitely helps to move the tech sector. open letter ton tim cook, and it was pretty amusing, because in addition to the buybacks alchemy was talking about how great apple could do stuff, hehe buyback was talking about how great apple could do with cars and other things. he would probably not be the first person i would listen to about assessing a company's position in some new technology. no offense to his previous record. had all terra jumping after a potential acquisition by intel. you also had a big pharma deal pharmaceuticals for about $8 billion. joe: especially on the farm aside. we just keep seeing it over and over again. alix: and retail also. joe: there was this deal where the parent company of ann taylor was brought out my but people don't -- was bought out, but people don't to this as a sign in retail, but just about cost-cutting. we are still looking for some signs of life and retail cap line that the can will come roaring back, but we are stil

if apple brought out what carl icahn was asking for, a 4k television that where the screen was beautiful and this and that, are they going to make it thinner every year? we're at the point where these devices, essentially hanging on our wall all kind of look the same. what apple has realized, the apple tv device that they have, they can succeed in creating a really wonderful experience for consumers. and they don't need to necessarily make a box that hangs on the wall to do that. >> all right. gene munster, it's kind of a sad day, you were the big hold-out, still hoping for a television. but couldn't you say -- projects don't always die at apple. sometimes they just go good morning dormant. >> they did eventually come out with a tablet. how do you look at the tv from here? >> this is a tough day for me. it's -- it's a hard reality to accept and i think that is the reality of it. is that the tv is on hold. and i think as far as you know the bigger picture here is what is apple's strategy in the living room? ultimately even though that the replacement cycle is long and there's probably not

buffett can hiv hihavehis view. >> carl icahn is a little different. he's not that much in the short-term pop. charlie: there are activists. carl will say, and he said this on wall street, and it was joke. he would say say there are activists. and then there are activists. look at the nelson peltz of the world. the car carl icahns of the world, they're in there longer. (?) they say common sense things. these ceos have it made for years. they're just there. now they're getting pushback. and they're getting mad. and they're unleashing their friends like warren buffett and larry fink. >> come back to us tomorrow. we want to see you with the fanny pack. >> tomorrow we'll have the camera. maybe i'll bring veronica vain on again. >> great way to make me feel good about myself. take care, charlie. we'll see you tomorrow. charlie gasparino from vegas. we will be right back. the market still selling off. disney has come back. now up 32 cents. ♪ liz: why buy, when you can lease? that's the philosophy more and more airlines are using when leasing their fleet in

top story, carl icahn making waves in silicon valley and investing in huber's archrival lift. the billion-dollar activist investor adding $1 billion to weather's -- $1 million to lift things wave of funding -- lyft's wave of funding. how will that help them catch up to uber? lift is only valued at a little over $2.5 billion. then there is the reach, uber has expanded over 250 series -- 250 cities worldwide lyft only operates and 65 cities. for more on what this means, i want to bring in the bloomberg news reporter who left this story, leslie picker from new york. erin newcomer was here from the set in san francisco. corey, i want to start with you because this is a very different investment for carl. why is he investing in lyft over uber? >> let's think of all the reasons. he is investing in it to make money. for much of his career, he has been a moneymaker, but not a company builder by any stretch of the imagination. he looks at what he can make better and where he can make money. 30 years ago, he has borrowed money to become one of the world's preeminent corporate raiders, t

>> this means there's a bullishness from carl icahn in that letter he wrote might not necessarily hold. he really thinks the stock should bvalued at $240 a share and the idea here is "the wall street journal" reporting that the tv set is not going to happen. but keep in mind they're actually, apple is in the tv business already and they're doing pretty well -- melissa: i have apple tv at home. >> you're familiar with exactly. also they're expected to unveil in june perhaps at the worldwide developers conference a new bundle of television channels that stream on the ipad and iphone. melissa: yeah. >> that really is where the money -- melissa: i mean, to be clear, he wants them to make a device, an actual television with all of the gear inside of it as opposed to the little box. >> exactly. he told -- melissa: why wouldn't they a want to do that? >> it may just be a moment where tv may not be the right thing to invest in, that integrated tv set, because it's very expensive to make, the margin ises are very low, you're competing against all these companies that are just killing it in that

>> i believe carl icahn. that guy owns 53 million shares of apple stock. >> do you believe a car will come out by apple by -- >> i don't think those intimate dinners that he had with tim cook that there was anything revealed there, but i think apple will do something on the tv. i think next month when we have the worldwide developers forum, they will focus on the tv service. maybe it's a wall, maybe it's not the 55 inch thing that you think of. maybe it's something different. >> i think that's what you have to look at. let's call it tv as a service or car as a service. all of these as a software type of plat the norm similar to all the apps. whether or not -- i don't think carl knows more than anybody else. >> doesn't matter, does it? >> it's not thin my thesis. carl has $14 billion. i don't. i feel like he's right, he wins. >> i don't think the refresh cycle really works for apple with the hardware. i can see apple tv being rejiggered, but to have something hanging on your wall from apple i think is kind of

carl icahn has put $100 million into lyft, the biggest chunk of the latest round of funding. one of the managing directors will now join the board of lift. the art world has never seen anything like this. this painting went for $50 million last night at christie's. wasn't auction record for a modernist painting and it sold at the end of a record two-week frenzy. art haslion worth of more than the, previous record set last november. but with a look at the top stories at this hour. much more in the next half hour. netflix now looking to enter china. we will have the latest on the the world's most populous nation. and we will get a preview of tomorrow's preakness stakes in baltimore. american pharaoh is the favorite. china's sixyeing billionllar bit -- 6 dollar video market. they are looking to jack ma to help them navigate the licensing rules. this is according to people familiar with the matter. they also came up with a report predicting netflix will be the company --illion $100 billion company. thank you for joining me. let me start with you. this prediction of $100 billion,

we just heard all about carl icahn asking for more money from apple. tim cook talks about inequality a lot. if you were in charge of apple, would you do things differently? joseph stiglitz: talking about apple, one of the largest corporations and the largest capitalization in the united states largest general motors larger than anybody. it has about 50,000 employees and 30,000 are well paid retail workers and when i say well paid, roughly at the level of minimum wage in australia. above america's minimum wage. our is lower basically in almost half a century. they are not really investing in the company and not paying their social responsibility. they have given as clever as avoiding taxes as making attractive devices. they are living off of investments by american people in terms of technology. who invented the internet? if it did not exist, it was the united states government and the other governments that did the basic research. francine: it is a catch. shareholder pressure. does want to give back more but shareholder pressure. how do you separated t

if someone like carl icahn is putting the same amount of money -- anpify raises individual is a public market. if you are a private company, do you want to stay private as long as possible because you pump up the evaluation so when and if you do go public, the payday is even bigger? guest: that is part of it. when you look at what happened with ansi -- etsy -- theiraw an 88% jump in share price because there was so much fervor surrounding the company at the ipo. now just a month later, once they posted their first earnings report, they are trading very close to that ipo price. when you look at this as a private company and say, if i stay private and the capital is cheaper in the private markets because there is so much cash in there, why don't i stay private and i don't have to deal with any of this public outrage from and myinvestors, employees getting that sense of anxiety as they watch it crumble? staying private is easier for a lot of these companies. pimm: etsy goes to oopsie. shopifyess of emboldened other companies? guest: it could be. generally speaking, a lot of these companie

julie: a lift announcing carl icahn has raiseds money. $enterprises, car icon's company as well as part of that, one of icahn's directing managers says i believe ride sharing is poised to become a fundamental component of our transportation infrastructure so invested $1 million getting into the ride sharing business through lift. >> thank you julie. carl icahn taking a bid on lift the oober competition. two days after we got equally poor retail sales data. bob dole is the equity strategist joining us from his offices in new jersey and rich with bloomberg intelligence, bob, let's start with you. weak retail sales numbers and again weak consumer confidence. is the september rate hike now off the table? bob: i don't think so. look, the fed is looking for a little bit more inflation and are getting that in the costin decks. you mentioned the consumer sentiment toward inflation picking up some. the employment rate is down in the region that would make them comfortable. i would feel differently if their starting point wasn't can a anytime. whil

that to last week, carl icahn put $100 million into lyft, the number two player in the ride sharing space, which should give you a sense of one man doing an ipo, how much money is going into the private market. if you look at year to date in 2015, the amount of capital flowing into tech companies in the private landscape is eight times that of the public side. it gives you a sense of the scale of what is happening. pimm: one to bring up airbnb and uber as examples of what you are saying. if someone like carl icahn is putting the same amount of money raises -- an individual is a public market. second, if you are a private company, do you want to stay private as long as possible because you pump up that valuation so when and if you go public, the payday is even bigger? >> that is part of it. when you look at what happened with etsy -- pimm: explain what happened. >> the first day the cup and he went public based on an 88% jump in their share price because there was so much fervor surrounding the company at the ipo. once theyh later, have posted their first earnings report, they are trading

help from carl icahn. why he is betting on the start up instead of our tribal uber. record labels are not happy with free music services. why a company thinks it might have the solution. good afternoon. i'm scarlet fu here with alix steel. x: stock split much flat on the day. still at a record high for the s&p. lumpy data,really consumer sentiment falling, then not doing anything for stocks. we are seeing utilities and energy do really well today. scarlet: not a whole lot of participation. volume is off by 12.5%. let's take a look at treasury, rallying for a second day here. alex, you referenced the lumpy data. before questioning whether the fed can raise rates -- september still a possibility, but maybe it gets pushed to december. alix: that is really affecting the dollar. it was rallying earlier, but then we got that consumer sentiment and then you saw the rally, from there. septembererica said is the earliest rate hike, but the risk is skewed to later. here on oilk in prices, i mentioned bank of america is now seeing $50 oil because the market is continually overs

when you have guys like carl icahn, 60 years of investing. the best investor ever maybe, better track record than warren buffett saying he's worried about the market. he's 100 basis points over buffett's record. gunlock calling for tops in the jung junk bond market. interesting show for people. (?) melissa and i thank you for watching and supporting it. neil: great stuff. the trust these powerful guests put in him. he's not a reader. not that i am. >> i can't read the prompter. i look like a seventh grader. neil: look forward to it, my friend. the former fed head blasting the wall street journal for questioning whether his actions during the financial crisis set us up for a bigger crisis. not so gentle ben replying bunk. if not for me, we would be worse off. james freeman he dragged out the pain. james is the one who is being the pain. i think i have their respective positions. right? so mr. freeman, not a fan of what mr. bernanke did why not? >> what we were specifically talking about this week it's been and all of his colleagues on the fed

. >> despite carl icahn wishes, the dream of an apple television is reportedly dead. u.s. comps below consensus. ceo says they need to get better consistently running great stores. home depot beat expectations. citing a more normal spring across much of the country and continued recovery of the u.s. housing market. depot raising their full-year guidance to stronger than expected start to the year. they are saying. with starts surprising today, people are saying maybe it was weather after all. >> i have to tell you i think there is a shift going on in the country. i had athena on last night. they bought ann taylor. apparel is in the dumps. the home depot number is remarkable. i was looking for a good number. i got a great number. urban looking for a good number. got a terrible number. walmart looking for a bad number, got a bad number. we are look inging. we go to home goods. home goods offers a rather amazing price point. this was her best effort yet t tjx. >> we segregate it and say walmart this walmart did sell $115 billion worth of stuff during the quarter. it's importa

carl icahn. we will say it happened on wall street. i'm not going to be like the certain guy on cnbc and steal your thunder. you broke it on wall street. cnbc wouldn't do that. i'm a mench, okay, carl icahn said a bubble in junk bonds. cnbc wouldn't do that. what would you think about that? what would you ask bernanke? you would pointedly say what the hell did you do over the last eight years? >> the interesting thing about his policies is not necessarily what it did to the u.s. but it rippled everywhere. when he introduced all the things and pushed the dollar down, it pushed the bank of japan, the ecb and you see it rippled across the world. now that you elevated equity and bond prices, how do you get out? >> not good. usually that never ends good. if you're the average investor, what you're hearing from the pros, when this thing ends and it's going to end. the market is going to correct, it's going to have to stabilize. they're going to have to raise rates someday. it's going to be nasty. >> charlie, the biggest concern, we heard it

carl icahn is once again poking the apple. in a new letter to tim cook, he argues that apple should buyback more shares.

carl icahn invisits in lyft invests $100 million. the company controlled by carl icahn. as part of this investment one of the investors is going to join lyft's board of directors. again the ceo of lyft saying they're thrilled to be working with ikanne c-- icahn. the company is valued at 2.5$2.5 billion. back over to you guys. >> private company we should mention. >> private company. >> not going by the icahn playbook. >> that's a very different move. >>> just finish your thought, we were talking about the markets and the fed a moment ago. >> as i said i think fisher is going to try to push the fmoc one of the difficulties will be that the fed speakers as they come on will try and give a hint that wait a minute even though it's data dependent we're still at the ready and so i think you can expect that to be a pushback on the market. >> i know we're out of time. one other question if you look at the economists they all think a majority will be a september rise, if you look at the market the futures is not saying that at all, maybe if you get a rate rise at all this time if

we'll see if that moves markets next week including the carl icahn interview on wall street. what are you watching? >> i've had a hard week on iran so i'll watch london. i know the leading contenders are elizabeth, charlotte, and diana for names. but being american, since we have a prince george i would like a princess martha. >> i want a conservative victory. i want a little margaret thatcher. >> yeah how about that? >> martha or margaret. i'll take either. >> thanks everybody, great to see you. thanks so much for joining us. that'll do it for "sunday morning futures." i'll see you tomorrow morning at 9:00 a.m. take a look where to find the fox business network lou dobbs. lou: good evening. the top prosecutor today charged one police officer with murder and five others with lesser crimes in the death of fred d. gray. the prosecutor decided to charge the six police officers after the maryland state medical examiner ruled it to be a homicide and of those demonstrations have sprouted across the nation in recent days. also the state's attorney you brushed you judgment against al