we will talk about the corporate raider carl icahn. stay with us. ♪ [music break] amy: "when we make it through" performed by barbara dane. this is democracy now!, democracynow.org, the war and peace report. i'm amy goodman with juan gonzalez. juan: on friday, billionaire investor carl icahn left his role as regulatory adviser to donald trump just before "the new yorker" published an article entitled, "carl icahn's failed raid on washington." the article detailed carl icahn's potential conflicts of interest, including his heavy lobbying for a rule change about blending ethanol into gasoline, a rule which affects the profits of icahn's texas-based petroleum refining company. icahn became a majority investor in cvr energy in 2012, with hopes of later selling it at a profit according to "the new yorker." icahn railed against the obscure environmental protection agency rule, which resulted in increased expenses and lower stock prices for cvr energy. analysts say icahn used his role with the trump campaign and later the administration to

and carl icahn is out. condemnation from republican senators, sharp criticism from a gop nominee and more all in the wake of the president's conversation and badly received remarks about neo-nazis in charlottesville. and now, a sense the president is isolated. as for steve bannon, he is already back at his old media outlet, breitbart, not own a day off. and not far from the new jersey golf club, what is reality here and what is spin? >> that is sometimes hard to figure out, john, that is right. but from what we understand steve bannon was supposed to be fired a couple of weeks ago from what we understand talking to white house sources. and there are several reasons why, not only was the president annoyed with steve bannon, had been for sometime, was lampooned on saturday night live, more recently, john kelly who came from the department of homeland security. he was brought in to bring order to this very disorderly white house, steve bannon just didn't fit in the kelly power structure. he was seen, steve ban

carl icahn tweeted this statement. saying that if someone else had been appointed in the regulatory role, he had no place. carl icahn wanted something specific. he thought to push that through in the first days of the trump administration which was a small change in epa regulations that were costing his refineries a lot of money. he was hoping this special advisor role which was unpaid and informal would help push that through. it didn't happen. he did not get what he wanted. eventually they decided to go separate ways. doese: the separate -- donald trump listen to carl icahn? >> they go back for decades. carl icahn was an investor in they weresinos when teetering on the edge of bankruptcy in the early 90's. they done casino deals more recently. i would be surprised if they never spoke again. his role was always a little amorphous. he did not have a portfolio and it essentially meant to signal could world, carl icahn call it the president and maybe get something done. mark: talk me through the potential conflicts of in

carl icahn. i have carl icahn. i will call the executors or have carl icahn do it. >> trump was so excited to have carl icahn that during the transition in december, trump named him to be the special adviser on regulatory matters. we have an update on trump and carl icahn. it's time for the biggest sale of the year with the new sleep number 360 smart bed. it senses and automatically adjusts on both sides. the new 360 smart bed is part of our biggest sale of the year where all beds are on sale. and right now save 50% on the labor day limited edition bed. >>> as organizations and business leaders cut ties in droves this week following donald trump's approach to white supremacists. today, with president trump's blessing, i cease to act on regulatory reform. he posted the letter he sent trump, claiming he was resigning for any -- he writes, i chose to end this arrangement with your blessing because i do fot want partisan bickering to cloud your administration. is timing is notable given the timing of the events. i had

icahn, talk about carl icahn. i'm going to bring people in like carl icahn. change regulations, the economy, jobs. all of a sudden, and to follow several other resignations over the past several days. >> golly. i remember that, i always would ask. is there any other name other than carl icahn? he literally would be like, i know every business leader in the world. carl icahn. okay. i think this is certainly being portrayed, though we can do more reporting. portrayed as what carl icahn mutual, isn't about charlottesville. for the moment put it in a separate basket, but i do think more broadly speaking, wolf, the fact you saw -- the intel ceo, under armour ceo, campbells soup. all of these big, high profile figures stepping away and trump basically saying, oh, you can't quit, because this council doesn't existly inmore. anymore. speaks to, ron talking about not making good on campaign promises's it speaks to another problem with his campaign promise. remember when mentioning carl icahn, in the service i know all the

is that resignation by carl icahn is standalone carl icahn corruption story or is his resignation tonight tied in any way to the steve bannon departure today? also, who else is leaving the administration right away, either to just take advantage of the smoke screen tied to bannon or now that bannon is gone they don't have any political means of staying? number three, erik prince, the billionaire brother of betsy devos and founder of blackwater, politico.com reports that that big meeting on afghanistan today, the supposed reason mike pence had to fly home early from his overseas trip, politico now reports that erik prince, the blackwater guy, was due to be at that afghanistan meeting in person today at camp david to pitch his idea in person that the trump administration should pay him $10 billion a year to run the afghanistan war from here on out as erik prince's own for-profit private enterprise instead of something being run by the u.s. military. according to this new reporting tonight, steve bannon was the one who was erik prince's chief ally in favor of this idea. once steve bannon got

. >> perhaps this has become a distraction for carl icahn's line of work, if been fielding income iing calls of ceos and business leaders continuing to advise the president, even though he said it didn't happen as often as he intended. perhaps on the flip side, president trump had been getting questions about t that, too. unclear what happened, what precipitate d this, all we have is this letter, which says he is ending his role as regulatory add virz >> thank you michelle kcaruso-cabrera is at the white house. if you wanted a job with the president, you've got a few openin openings thanks very much for joining "fast money" live from the nasdaq, any thoughts on carl icahn steps off this pseudo advisory committee >> what took him so long >> look, on some level, what we got in the last couple of days is folks that are really both addressing the moral issues for and how it gets in the way of their line of work and then into a political tactician. some jumped on the band wagon late >> you're assuming it's because of charlottesville he says because of the appointme appointment. >> i think t

then carl icahn left as well. carl icahn, billionaire investor, will no longer serve as a special advisor to the president on regulatory reform, though this blistering long piece in "the new yorker" tonight suggests that carl icahn may have some criminal legal concerns that follow him home from that job that he quit tonight. okay. that's who has left the trump administration. anybody else? where is my phone? before tonight in addition to losing his national security advisor and his chief of staff and his press secretary and his chief strategist, the president also saw the departure of not one, but two communications directors and his deputy white house chief of staff and his deputy national security advisor, and the deputy chief of staff at the national security council and his assistant press secretary. the president has also replaced the top lawyer on his private legal defense team. he has seen the spokesman for that legal team resign. this is in addition to all of the staffers and cabinet nominees who withdrew

is that resignation by carl icahn is standalone carl icahn corruption story or is his resignation tonight tied in any awa way to the steve bannon departure today? also, who else is leaving the administration to either take advantage of the smoke screen tied to bannon or now that bannon is gone they don't have any political means of staying? number three, erik prince, the billionaire brother of betsy devos and founder of blackwater, politico.com reports that that big meeting on afghanistan today, the supposed reason mike pence had to fly home early from his overseas trip, politico now reports that erik prince, the blackwater guy, was due to be at that afghanistan meeting in person today at camp david to pitch his idea in person that the trump administration should pay him $10 billion a year to run the afghanistan war from here on out as erik prince's own for-profit private enterprise instead of something being run by the u.s. military. steve bannon was the one who was erik prince's chief ally in favor of this idea. once steve bannon got fired today, erik prince was blocked from attending t

and carl icahn left as well. billionaire investor will no longer serve as a special adviser to the president on regulatory reform. though this blistering long piece in the new yorker to night suggests that carl icahn may have some criminal legal concerns that follow him home from that job that he quit tonight. okay. so that's this evening. who is left the trump administration? anybody else? where's my phone? before tonight in addition to losing his national security adviser and his chief of staff and his press secretary and his chief strategist, the president also saw the departure of not one but two the president also replaced the top lawyer on the legal defense team. he has seen the spokesman for that legal team resign. had is in addition to all of the staffers and cabinet nominee who's withdrew in the face of varies controversies. what started as a shoestring campaign seems to be reverting back to just that now. there is another piece of staffing news that is a story that is actually not from inside the admini

herbalife ended a standstill agreement with investor carl icahn. he will not increases stake above 50% unless he is buying the company outright. the battlegy has won for ou oncor electric. they have agreed to by the texas utility for almost $9.5 billion. it was also being pursued by warren buffett's berkshire hathaway. we will have more on this later this hour. and a biggest suv maker in china is interested in buying fiat chrysler should keep division -- chrysler's jeep division. great wall has not said whether the companies have begun negotiations. they already make jeeps in china with a local partner. that is the latest bloomberg business flash. still ahead here, we are going to hear from the chief executive aersk as the company agrees to sell its oil and gas units for nearly $5 billion. that is next. this is bloomberg. ♪\ vonnie: this is "bloomberg markets." i am vonnie quinn in new york. mark: i'm mark barton in london. m&a activity in the energy sector is picking up today. france's totality green to buy maersk for little more than $9.5 billi

carl icahn. i have carl icahn. i will call the executors or have carl icahn do it. >> trump was so excited to have carl icahn that during the transition in december, trump named him to be the special adviser on regulatory matters. we have an update on trump and ka carl icahn. don't let dust and allergens get between you and life's beautiful moments. flonase outperforms the #1 non-drowsy allergy pill. it helps block 6 key inflammatory substances that cause symptoms. pills block one and 6 is greater than 1. flonase changes everything. >>> as organizations and business leaders cut ties in droves this week following donald trump's approach to white supremacists. today, with president trump's blessing, i cease to act on regulatory reform. he posted the letter he sent trump, claiming he was resigning for any -- he writes, i chose to end this arrangement with your blessing because i do fot want partisan bickering to cloud your administration. is timing is notable given the timing of the events. i had no duties whatsoever.

carl icahn has resigned as well, sort of an informal adviser. you're seeing a big, big change in the leadership here, robin. could this signal that things are about to get different? you have other people in charge now. treasury secretary mnuchin, you know, people who may be more dedicated to getting things done. is it a good signal or a bad one? >> that's a good question, gerri. you know, i would argue that the ceos to know what's up. they have their finger on the pulse. they could not have their businesses, the brand of their businesses be damaged by the chaos of this white house right now. especially what happened this past weekend and the president's floundering response that just kept going back and forth. so, you know, i know that they were basically protecting their companies. i don't argue, i don't disagree. carl icahn basically let the president know, he got the president's blessing to leave today, in effect, and said that it meant no harm to the president. but i do think that they're concerned, like i said, for the sake of their own bu

carl icahn is one of the great business people. i have carl icahn ready. carl icahn endorsed me. he's a great entrepreneur. so i have carl icahn. does anyone know? a new talking point soon. ed martin, ed, you are a donald trump's supporter. do you think the steve bannon move pushes the white house in the right direction. we heard from some republicans think they have lost the key ally in the west wing. >> you know, i don't think it changes much. i don't agree with maggie where she's asserting in the segment how trump's position on race and bannon and all. trump is in charge and his position on key issues that i care about and appointing judges and immigration and trade. they're not going to change. i admire bannon and bannon is really apart of his genius communication. i am not talking about his issue, i am talking about hissal len. trump needs to bring in more conservative to signal to some of us. i don't think cohn or curb near near -- kushner is going to tell trump what to do. what you are seeing happening throughout the administration. one o f the things maggie hate, he was o

our trade deal. >> carl icahn is supporting me. >> i have carl icahn ready. >> i will put him in charge of china. >> trade with china. >> carl icahn is a great guy. they'll make a great deal. >> i have the best negotiators in the world. the greatest minds and the greatest business people and the greatest negotiators, they all read "the art of the deal" okay? >> while no voters said icahn was part of why they supported donald trump. just in the next few days, he joined very late in the campaign, he had a minor role, he is a good guy. that's our broadcast on a friday night and for this week. thank you for being here with us. have a good weekend and good night from nbc news headquarters here in new york. >>> due to mature and graphic subject matter, viewer discretion is advised. >> an inmate's request for a cup of soup led to a horrific slashing. >> i didn't see the razor in his hand. did it so fast. >> married 21 years almost. twin boys. >> a case of road rage results in a murder charge for a software engineer.

that is the statement from carl icahn. but it came just a little while ahead of in new yorker article which raised the question of whether or not carl icahn has been using his special adviser position to the president to in effect line his own pockets. icahn denies any imrow prioriprn steve mnuchin issuing a statement defending position to stay a board the trump administration after the angry press conference from the president last week saying i don't believe the agencies against the president are accurate and i believe that having highly talented men and women in our country surrounding the president this his administration should be reassuring to you and all of the american people. as long as i am treasury secretary, i will do the best job i can and provide the best advice i can to the president. that statement coming in response to a letter there hundreds of his class mamates fm college who questioned why he decided to remain in the administration after the president's comments about confederate memorial in the wake of

carl icahn ready. killer. you take china, trade with china. the reason behind their vote. it's clear his validation was important to donald trump. just something to keep in mind in case over the next few days you hear the president say about mr. icahn, he joined later in the campaign but he's good guy. look at the time. that's our broadcast on a zpritsds for this week, thank you for being here with us, goonts from nbc news headquarters here in new york. >>> tonight on "all in" -- >> i like mr. bannon. he's a friend of mine.

trump named and epa director who shares carl icahn's views and the white house announced that he will have an official role as an adviser and the credits dropped a little more and then a new biofuels regulation plan conceived by karl icahn was delivered to the white house and the price of those credits dropped more. every time that happened, that bet that he made was getting better and better. if you made that bet a few months back that the value of the credits would drop, yeah, you made a prettily good bet but it looks like your actions as part of the trump administration are what made that bet turn out so well for you. this is just textbook. in the months after trump's election the stock price of karl icahn's company which directly benefitted from the dropping price of the credits, the stock price of his refinery company nearly doubled. that's hundreds of millions of dollars for karl icahn. but now karl icahn is out, he resigned as regulatory adviser of the president last week, resigned moments before the new yorker published this bombshell piece detailing, and i mean detailing just

carl icahn and bill ackman on herbalife. >> herbalife. this may be the stock that has the highest ratio of mentions the market cap of any public traded company in the past few years. and is back in the news today with an announcement to do a buyback of a good portion of its stock in a reverse dutch auction , and that the major shareholder, carl icahn has , agreed to limit his holdings to know more than 50% unless he wants to buy the whole company. is this a carl icahn victory? >> certainly. in his fight with double bill ackman in the stocks. bill ackman took a short position in 2012. david where was the stock : trading then? >> about 50% lower than now. so, you know, not the best return on a short position. >> what does all of this back and forth between carl icahn of the company, and what does this tell you about herbalife right now? >> well, the fact that there is some interest is positive by a private equity firm. i think they will go back to the ultimate peak of sales, which was it. -- which was a few years ago at $5 billion and i thi

samsung's new phone gets a good deal of attention, and carl icahn gives a big blow to his rival, bill ackman. >> not the best return on a short position. julie: ireland's prime minister wonders exactly what great britain is looking for in brexit talks? >> where we are confused and puzzled, what does the united kingdom want with the european union? julie: central bankers take center stage at jackson hole, and we sit down one-on-one with two fed presidents. >> i think you have to be careful on the estimates as opposed to the broader trends. >> i think we should be removing the accommodation, but it should be done gradually. julie: plus, a roundup of the week's most intriguing earnings report. >> we had a very high quality set of results. >> we have to be patient, we know what our businesses are worth. julie: it is all straight ahead on "bloomberg best." ♪ julie: hello, and welcome. i'm julie hyman. this is "bloomberg best." your weekly review of important analysis from bloomberg television around the world. let's start with a day by day look at the top headlines. the week began with t

samsung's new phone gets a good deal of attention, and carl icahn gives a big blow to his rival, bill ackman. >> not the best return on a short position. julie: ireland's prime minister wonders exactly what great britain is looking for in brexit talks? >> where we are confused and puzzled what does the united , kingdom want with the european union? julie: central bankers take center stage at jackson hole, and we sit down one-on-one with two fed presidents. >> i think you have to be careful on the estimates as opposed to the broader trends. >> i think we should be removing the accommodation, but it should be done gradually. julie: plus, a roundup of the week's most intriguing earnings report. >> we had a very high quality set of results. >> we have to be patient, we know what our businesses are worth. julie: it is all straight ahead on "bloomberg best." ♪ julie: hello, and welcome. i'm julie hyman. this is "bloomberg best." your weekly review of important analysis from bloomberg television around the world. let's start with a day by day look at the top headlines. the week began with

is this a carl icahn victory? >> it is. despite his fight with bill ackman and the stocks, as you remember, bill ackman took a short position -- >> where was the stock trading? >> it was about 50% below where it is trading now. it is not the best return on a short position. >> what does all of this and-and-forth between icahn the company and the fact that this private equity deal did not happen -- what does that tell you about herbalife right now? >> the fact that there is some interest is positive, by a private equity firm, and i believe they will go back to their peak of sales at $5 billion. i think they will continue to grow at their historically rate of 8% and grow a significant level from there. >> a new player in the energy battle between paul sayer and warren buffett. he is offering to buy texas powered to stupider encore for $9.45 billion. to buy texas power generator for $9.45 billion. >> as you recall, elliott management owns the bulk of their unsecured debt and did not agree with the terms of the buffet bid and o

carl icahn dropping out of the presidential advisory role. we've had a number of executives leave and terms the advisory panels that were disbanded. the president seems to be more isolated than ever before. what can he do to turn it around? >> well, i could think of a lot of things. but most of them have to do within the ablibbing. do that on tuesday when he didn't have to say anything about what went on in charlottesville. he could just say, hey, i'm sticking with the statement i did before. he didn't do that. he blabs. i thought john kelly, the new chief of staff would be able to occur be some of that. but it doesn't really look like it. i thought kelly was a good choice. it is significant that carl icahn are leaving. he and trump are very close friends. liz: they're both queens guys. >> yeah. that's right. this is not just some stranger. and now we have a white house -- remember, it was a team of rivals, you know? with bannon fighting with just about everybody and now it's a team of outsiders. kellyanne conway and speechwriter miller are t

billionaires carl icahn and and bill ackman dowdell on the future of herbalife. david: herbalife, it may be the stock that has the highest ratio of mentions the market cap of any public traded company in the past few years and is back in the news today with an announcement it will i back a good portion of its stock in a reverse dutch auction and the major shareholder carl icahn has agreed to limit his holdings to know more than 50%, unless he wants to buy the whole company. is this carl icahn's victory? >> it is in his fight with bill ackman in the stocks. bill ackman took a short about one billion. david: where was the stock trading then? >> about 50% lower than now. not the best return on it short -- a short position. >> what does all of this back-and-forth between ichan and thisompany, and the fact private equity deal did not happen, what does this tell you about herbalife right now? >> the fact there is some interest is positive from an equity firm. i believe it might not be the right time. they might go back to their ultimate peak of sales was a few years ag

called carl icahn's failed raid on washington. he may have been using that position inappropriately to line his own pockets. he denied any wrong doing and the white house has no official comment on this today beyond what they have said previously talking to some aids here at the white house today on background they emphasize that icahn's appointment was done during the transition and never formally ratified or implemented after january 20th that was after mr. trump was sworn in as president of the united states and that might have some legal significance in all of this. some of the legal issues we'll touch on what icahn's role was. no official portfolio or set of responsibilities and no government salary so we'll wait and see if there's any other fall out but carl icahn officially out of the inner circle. >> for more on the president's legislative agenda we're swroined by the former under secretary of state for economic growth and environment it's great to have you back on the program. good morning. >> great to be with you carl. >

carl icahn? private citizen, nothing to do with us. if you are thinking if smacks of banana rememberic corruption, it does. we showing with the department of ethics. he sent up a emergency flair. most pointedly, who's going to police this. arguably this kind of situation is why we have a public integrity section at the department of justice, but if this particular department of justifies doesn't feel like pursuing, there may be another possibility. it may not be a federal matter. it is a financial matter. it involves a market, a refinery carl icahn owns, a business interests of this particular adviser, when it comes to financial crime, prosecutors from new york state have been known to bring all sorts of things that involve the financial markets that don't seem like new york cases otherwise. previous new york ag's, were known as pit bulls when it came to pursuing white color and financial crime. will the current a.g. take up the case? we've asked eric schneiderman's office that. they told us it is on our raider, quote. that's all they

will the new ag take up this matter of carl icahn? we've asked eric snyderman's office about that and this is what they told us. they've told us is it on their radar. that's all they would tell us but that's what they told us. on our radar. duly noted. beep beep beep. watch this space. it's time for a getaway. the lincoln summer invitation is on. now get our best offers of the season. on the agile mkc. and the versatile midsize lincoln mkx. or go where summer takes you in the exhilarating mkz. hurry in it's the final days of the lincoln summer invitation sales event. ending september 5th. right now, get zero percent apr plus 1,000 dollars summer savings on the lincoln mkx, mkc and mkz. for the never-before-seen two sided clean, just add water. one side deeply exfoliates the other gently smooths and a flexible body cleanser inside lathers for a close, complete clean. just hang your duo to dry after each use, for day-after-day of touchably soft skin. find your duo in the bodywash aisle. available in olay, old spice and ivory. it's easy-

and a pact with big investor carl icahn. here to sort out the news and its affect on bill ackman is scott. a bad day for bill ackman at the office, but it could have been worse. scott: it could have been. i do not know how much worse. it certainly was a bad day. julia: it is a bit confusing, this whole thing going on. is carl icahn the one they were in talks with to go private? scott: i think they specified that it was an institutional or financial player that was interested. the implication is that it was a private equity player that they were in talks to go private with. julia: that is the critical question. you have private equity potential that has done the due diligence and said, not interested area scott: that is not a bad thing for bill ackman. it means somebody did some work on this and did not come to the conclusion -- julia: it was a buy. scott: or the valuation considerations were in line with what the company is acts. julie: what is the agreement with carl icahn? why don't they want him to increase his stake to m

carl icahn was worried about the appearance of his investments. he really didn't have as much influence as people were projecting that he would have. he would have withdrawn no matter what the other ceos did i think it was the right time for carl to resign the other ceos, i think that when you are a ceo, you really -- when an issue becomes controversial, you're in a bad spot no matter whether you're supportive or you oppose the particular issue because generally the country, no matter what position you take, 30%, 40% of the people are going to be for it and 30% to 40% of the people are going to be against it and if you're running a business you don't want to offend any of the people you want people to buy your product and be supportive of what you're doing so ceos like to stay away from controversy, and being on these panels, even though they didn't meet often they did at least give people access to the president, but once it became risky to be on panels, once it looks like you could offend a substantial number of people on one side or the other i

we also just learned that carl icahn says he will no longer act as a special advisor to the president. he tweeted that today, with president trump's blessing, ics to advise the president on regulatory reform. a tumultuous four weeks, as many senior officials have announced their departures, including reince priebus, anthony scaramucci, and sean spicer. joining us now to discuss where all of this leaves us and the trump administration, craig house and a former white for president's clinton. the thoughts specifically about realtor reform. what is your take? >> if you read the letter that he sent to president trump, there recently was any regulatory affairs chairwoman. her job is essentially watch dogging all the regulations the come and go inside the government. we know donald trump has been aggressively trying to knock down as relations and reduce the number, cut back on some other the was that obama puts you at the end of his term. it has been a high priority of his, one that carl icahn says come if you have one person officially doing that, i don't want the position of unofficially d

we are getting news with carl icahn. it doesn't say about the events of the last few days. he speaks specifically about regulatory reform, but what's your take? craig: if you read the letter he sent to president trump, which he posted on his website, there was a new regulatory affirms chairwoman, and her job is watchdogging all the different regulations that come and go inside the government. we know donald trump has been very aggressively trying to knock down those regular -- regulations and cut back the ones that president obama had. carl icahn says if you have a person doing that i don't want to unofficially doing it and give democrats to take a shot because one person should really lead the charge there. i don't think it seems from his letter, at least, to be related to the events of this week and trump's statement on race. emily: matthew, inside the white house inner circle but not one like this one. the ousting of steve bannon, can we look at the reaction of the president's events and him leaving the administration? matthew: emily, i think that's hard to know. i would

carl icahn -- what has the eye white house said if anything? ros: interesting case for carl icahn. he had been under pressure from democratic lawmakers and senators who said his involvement with the trump administration as special advisor on reducing regulation was really focused on regulation that affected his businesses. those lawmakers written to the administration, various government departments saying this cannot go on. icoahn hasat, mr. icahn has exited that role. i don't expect the white house to say anymore. haidi: we will continue to watch and wait. thank you for that. ros krasny for us. in australia, omega earnings week, miners releasing the results. fortescue and another one. we will get this later in the week. we have paul allen joining us from perth. for? re we looking out this is a minor and managed -- miner that got into a good position. paul: i will talk to you about on,escue's low-cost later but it seems weird standing outside their office in perth with what appears to be the middle of the night. we are two hours behind, the opposite side of the australian continen

if they were more takeover talks , the company is in agreement with carl icahn. unless it agrees to buy 100% of the company. to recap, you have herbalife not going private here there will be an offer where they will buy out some of the shares to protect the company against any kind of takeover offer and connecting with carl icahn. 50%.nnot buy any more than people. myi can speak for perspective, the amount of people, what occurs is the story about? that will be it. it is because carl icahn will be it. us on trump.oining a lot to talk to him about. this is bloomberg. ♪ whether it will actually be newsworthy. we're joined from frankfurt with more on what we can expect. a lot of people got very excited about what it may not be out of the ecb's main meeting. some doubts have emerged. >> he changed his speech at the last minute and added a line that inflation expectations were .own the end of qe, a nice symmetry. it makes the next decision quite logical. johnson: he -- the president will have a lot of's up -- upset people when he comes, doesn't he? >> at least the s

billionaire investor carl icahn is stepping down as an adviser for regulatory reform. it is with the president's blessing. stating in a letter that he doesn't want partisan bickering over him to cloud the administration. democrats have long bickered over him, criticized his role as a conflict of interest. he still runs his business, and for months icahn has called all of these claims absurd. it's unclear what prompted his decision to leave now. it is another crack in the uneasy alliance between america's ceos and the president. corporate america disagrees with trump on climate change, nafta, immigration. but it was the president's response to charlottesville that caused the collapse of his business councils and top executives distancing themselves from trump. wall street worries what it means for president trump's economic agenda. corporate america is a powerful ally to push for tax reform and infrastructure. there's a lot of buzz on the street now after a 20% rally in the dow sips election day. >> yeah -- dow since election day. >> yeah. >> if the president so isolate

in a letter to fbi director christopher wray, democratic senator tammy duckworth writes that carl icahn's former role as a regulatory advisor to president trump may have violated federal conflict of interest laws and warrants criminal investigation. senator duckworth added that carl icahn appears to have "abused his role as a special advisor by participating personally and substantially on a government matter directly affecting his own financial interests." has said he never had access to nonpublic information or profited from his position. the south korean counterpart welcome to the pentagon to discuss north korea -- jim mattis told reporters "we are never out of diplomatic solutions." his comments were in contrast to president trump, who tweeted that as far as dealing with pyongyang "the u.s. has been talking to north korea, paying extortion money, for 25 years. talking is not the answer." the united states and south korea called on the international community to work together to resolve the crisis with north korea at a united nations disarmament forum in geneva. the american ambassador

along with a very important name to this president, carl icahn. he's resigned as special adviser to the president on regulatory reform. he insists he's gone because of a turf battle, not the normalization of hate groups. whatever is behind his departure, the president certainly talked up his good friend carl on the campaign trail. >> carl endorsed me. watch our trade deal. it stwings china. >> i got carl. >> carl is supporting me. >> i have carl ready. killer. killer. >> i'll put him in charge of zion take china. >> trade with china. >> do me a favor, work it out. >> give each one a country. they'll make a great deal. >> i had the best negotiates in the world, carl icahn. the greatest negotiators read "the art of the deal." >> no exit pollers said carl was the reason behind their vote. it's clear his validation was important to donald trump. just something to keep in mind in case over the next few days you hear the president say about mr. icahn, he joined later in the campaign but he's good guy. look at the time. that's our broadcast on a zpritsds

. >>> stand by your man or not, carl icahn resigns there his role as trump adviser alleging conflicts of interest. but steve mnuchin defends his decision to stay in the white house. >>> a u.s. warship collides with a huge oil tanker near sink are pore ten sailors are missing in the second accident involving a navy destroyer in just over two months >>> we knew it would be a negative start to the trading day in europe after a weaker close on wall street and a sea of red on friday but we're picking up steam to the down side for a couple of the markets. the cac and xetra dax. as for the euro-dollar sitting at 1.1745. dollar jen is currently 15908.86 the dollar is losing even further ground pushing below that 1.09 mark the pound against the dollar at 1.2871 and the australian dollar is keeping its head above 79 u.s. cents. it did move above 79 once again after better than expected jobs numbers last week. but it is slightly on the back foot in early trade. as for thei u.s. futures, we ha a weaker close on wall street which was kind of interesting because the markets turned around, they were

samsung gets a good deal of attention and carl icahn deals a big low to his rival bill ackman. >> not the best return on a short position. julie: ireland's prime minister wonders what great britain is looking for granted talks. kingdomdoes the united want with the european union? >> we sit down one-on-one with two fed presidents. >> i think you have to be too careful -- careful on the estimates as opposed to the broader trends. >> we should be moving accommodation but it should be done patiently. julie: a roundup of the week's most intriguing earnings report. >> we had a high quality set of results. we have to be patient, we know what our businesses are worth. julie: it is australia head on "bloomberg best." julie: welcome, i am julie hyman. this is "bloomberg best." your most important analysis from bloomberg television around the world. start with the day by day look at the top headlines. the week began with a major deal involving imperative european energy companies. another sign that m&a activity in the energy sector is picking up today. oil how agreeing to buy the and gas unit, t

corporate ceos, artists, tonight, members of his evangelical investment board, and carl icahn, many backing away from this president. we've seen republican lawmakers slowly by steadily increasing criticism. here is the latest tally on your screen of all the people who called out the president by party, by name. mitt romney, scolding him, not a surprise perhaps, but military commanders rebuking the president. that is a major surprise. and today on top of it all and perhaps in a matter more of convenience than coincidence, the president fired his chief strategist, steve bannon. take a look at this picture, first it was michael flynn, then sean spicer, then reince priebus, then the meteoric rise and fall of anthony scaramucci, the mooch. then steve bannon gone and we hear that more heads could roll, sebastian gorka, dr. gorka, to you and me. and the flames fanned, bannon back at his old website, breitbart, apparently trying to sever ties to his all-important base. and bannon tweeting the word, war, bannon telling the weekly standard the presidency that he and donald trump fought for and won is

carl icahn left to prevent patterson bickering about an unofficial role democrats said could benefit him financially. he left the financial council. >>> it is 5:08 a.m., we are closing in on the start of the solar eclipse and the dplases you need to see this -- glasses you need to see this event are going fast. jeff chirico took a trip to the philadelphia zoo where they are selling like hot glasses. >> reporter: it was an unusually busy friday afternoon. >> as you want seven. >> reporter: after word got out that the philadelphia zoo gift shop had solar eclipse glasses in the shop. >> i've been searching all all day, like literally, it occurred to me to put a post on facebook and someone responded and directed me to the museums and they directed me here fortunately. >> my wife has been looking for a week and a half two weeks. >> reporter: the zoo got a response like never before. >> there's a time sensitivity for people, because they know it happens on monday it's only one time, i think it's crazy, but you can see it again, it's ringing off the hook. stores across the delaware valley

meanwhile more turmoil inside the trump administration as carl icahn, special adviser to the president, sent a letter to the president that he was resigning from that position icahn saying i choose to end this arrangement with your blessing because i did not want partisan bickering about my role to in any way cloud your administration that announcement coming a little bit before the new yorker posted this article about carl icahn's roam at the white house raise being ting the question o whether he was using the position in on order to benefit himself financially. icahn says that he has done nothing wrong. meanwhile over the weekend, steven mnuchin treasury secretary defending his decision to stay on as treasury secretary after the president's behavior last week. mnuchin writing in a statement to his fellow college classmates who had written him saying i don't believe the allegations against the president are accurate and i believe that having highly talented men and women in our country surrounding the president in his administration should be rea assuring to you and all the american p

remember carl icahn was serving as adviser on regulatory form in an unofficial capacity. president trump has nominated and has appointed someone specifically in that official role that mr. icahn praises in this letter saying he believes that she will do important work though he doesn't know her personally he says that he regrets that he has to make this decision but does not want partisan birking about his role to cloud the administration or her important work he says he says he regrets because of president trump's extremely busy schedule, as well as his, he hasn't been able to work as much on regulatory reform as he had hoped, but wishes the president well and says it is unfortunate he has had to make this decision. >> kayla, i wonderf about the timing of it doesn't seem like he had to step down today and especially after all the departures the white house has seen, seems like the worst time if you wanted to avoid drawing too many conclusions from it. >> perhaps this has become a distraction for carl icahn's line of work, if been fielding income iing calls of ceos and bu

carl icahn has said in a letter to president trump that he is agreed to cease to act as special advisor to the president on issues relating to regulatory reform. carl icahn one of the businessmen, close ties to donald trump before he was a candidate as he was a candidate. signed on the deal with regulations. now in a letter to the president, says he is going to stop being a special advisor to the president on issues relating to regulatory reform. we will follow that. give you the breaking news as it develops and reaction from the white house. let's get more perspective on all of this, the steve bannon departure from a man who has worked up close with the trump team david bossie served as trump's campaign manager. your take on as we are breaking this down what it means for this white house? >> well, i think that the president has come to count on steve bannon in many ways over the last year-plus that steve has been part of that orbit. you know, steve does get a bad wrap and i think what john was talking about was accurate. if you look at the campaign, just as one example as antidotal evi

lateter that dayay, billionaire investor carl icahn also left his role as regulatory adviser to president trump just before "the new yorker" published an article headlined "carl icahn's failed raid on washington." iconsticle detailed conflict of interest including heavy loving for real change of blending ethanol into gasoline, a role which expect -- affects the texas-based petroleum refining company. bannon and icahn's departures are only the latest in a series of ousters and resignations of top trump officials, including twtwo communications directors - mike dubke and anthony scaramucci -- press secretary sean spicer, national security adviser michael flynn, deputy national security adviser k t mcfarland, chief of staff reice priebus, deputy chief of staff katie walsh,h, and five otheherh level ofofficials. trump also fired fbi director james comey and acting attorney general sally yates. trump is now also facing pressure to oust his senior policy adviser stephen miller and national security aide sebastian gorka over their ties to white nationalists and extremist views. the entire presid

and when trump, one of the first advisors that donald trump appointed was carl icahn. carl icahn oins the tropicana casino, but he also owned trump plaza, trump entertainment, and i'm hoping that mueller is investigating every one of these casino operators that had ties with trump, and there are different ones in atlantic city. and what sink very telling is the fact that -- and what i think is very telling is the fact that new jersey governor chris christie recently said we have to relax the rules and the regulations on the casinos. they're already billionaires, and they are only paying off who they want to pay off, and they have always done that. they have lied and cheated. host: butch is in troy, ohio. butch, another swing state voter. how is the president doing so far? caller: well, he's doing a good job seeing up all these people dead set against him. but yeah, i voted for trump. i don't agree with probably 75% or 80% he's doing, but he's got so many battles ever day he wakes up. and like the caller said a couple of callers ago, he didn't have to do this to go in t

later that day, billionaire investor carl icahn also left his role as regulatory adviser to president trump just before "the new yorker" published an article headlined "carl icahn's failed raid on washington." iconsticle detailed conflict of interest including heavy loving for real change of blending ethanol into gasoline, a role which expect -- affects the texas-based petroleum refining company. bannon and icahn's departures are only the latest in a series of ousters and resignations of top trump officials, including two communications directors -- mike dubke and anthony scaramucci -- press secretary sean spicer, national security adviser michael flynn, deputy national security adviser k t mcfarland, chief of staff reice priebus, deputy chief of staff katie walsh, and five other high level officials. trump also fired fbi director james comey and acting attorney general sally yates. trump is now also facing pressure to oust his senior policy adviser stephen miller and national security aide sebastian gorka over their ties to white nationalists and extremist views. the entire president