france, where he will help commemorate the 70th anniversary of the d-day invasion, landing in normandy. all right, time for an early start to your money this morning. stocks around the world, markets in hong kong and shanghai closed today. u.s. futures slightly higher right now after the dow and s&p hit records friday. today s big business story, the fbi and the s.e.c. are investigating golfer phil mickelson. sports better billy walters and hedge fund manager carl icahn for insider trading. that s what the investigation is for. it s a probe. it s tied to icahn s 2011 play for clorox. the new york times reports suspicious trading in clorox shares prior to icahn s bid, saying mickelson bought shares before icahn announced takeover intentions. clorox stocks jumped on the news. in the end, icahn ended his bid. none of the men have been officially accused of wrongdoing. again, it is just a probe. mickelson told cnn, i have done absolutely nothing wrong.
four-day trip to europe today. the goal to strengthen ties with u.s. allies over the situation in the ukraine. the president will meet with ukraine s new president-elect in poland. he will also stop in belgium and france, where he will help commemorate the 70th anniversary of the d-day landing in normandy. all right, time for an early start on your money. markets in hong kong and shanghai closed today. u.s. stock futures slightly higher right now after the dow and s&p both closed at records friday. today s big business story, the fbi and the s.e.c. are investigating golfer phil mickelson, sports better billy walters and hedge fund manager carl icahn for insider trading. the probe is tied to icahn s 2011 play for clorox. the new york times reports suspicious trading in clorox shares prior to icahn s bid for the company, saying both mickelson and walters bought shares before icahn announced his takeover intentions. clorox stock at the time jumped on that news. in the end, icahn dro
phone call? did a lot of them take the phone call? did they immediately go to war with you? what? what s the icahn modus operandi? i believe with a lot of exceptions, corporate governance in that country is dysfunctional and extremely dangerous dysfunctional for our economy and for our well being. and for pension funds that are very, very strongly underfunded. and what what s amazing to me is now you see the record, you can see what we ve done. iep, if you bought 23 in 2000, up over 2200%. we are up about 25% annualized since they bought that stock, our fund, the hedge fund, up 25% annualized, the last five years, 37%. critics say for every one of though you have a twa that s gone. that s not true. i m putting that into it. i put that into the numbers. i put the bad ones in with the good ones. and by the way you let me talk about twa for a
he went after weak companies. now he s a shareholder activist. big difference. what s the deal with apple. why is it such a rich target. bankrupters go where the money is. instead of going after weaker companies they are going after wealthier ones. that s where holding a lot of money on their books, $2 trillion worth of cash on american corporate books and guys like karl icahn think that money should be in their hands. he says tim cook is doing a good job with the business. whether he does what i want or not but apple is not a bank. willie he s trying to shake the money tree. for people who know the name but don t know that much about karl icahn, why is he the most important investor in america? he s actually the richest man on weekend. he s had an astonishing year,
and economically. we need to invest our time, capital and resources into bettering our education system and getting kids a chance, essentially, at a decent economic life. especially the demands for an education are only going to grow. indications are you work on a production line in a factory you need a college degree. everybody will have to have that level of minimum education. it s not something that s optional. vocational training over the next decade absolutely critical. coming up on morning joe we ll talk to chris matthews ahead of his interview with president obama. plus, pastor rick warren will be here for a special part one of a special two day appearance. and why the richest man on wall street is taking aim at apple. the new issue of time possible files karl icahn.