In a defiling that it now owns 7. 5 of the food giant which makes oreos, ritz crackers and wellknown brands. Whats unclear is what the investor wants to do with the company. Ackman wanted the snack maker to grow revenue or cut costs or sell itself. Mondelez, for its part says they will welcome them as investors in the company. Ackman joins nelson peltz. His firm holds a 3 stake in mondelez. Well show you whats going on now in the premarket trading as a result of this and you wouldnt be surprised to see that they are sharply higher. What does he want to do with the company . He wants the stock to go up so he can sell the stock for more than he paid for. We were having a conversation off camera. Okay. Maybe he sees something thats not being optimized at mondelez the way that management is running things but what he really knows is i have enough money, 5 billion. I can make a splash and in all likelihood the stock will start going up just on that and then you agitate, you mess around, you
Well over the next two hours. Welcome, everybody. Im Tyler Mathisen with brian and melissa here and michelle in havana. But we begin this hour with john fortt in cupertino. This phone here might look old. The iphone 5s. We expect Something Like it to be the star of todays event. Perhaps called the iphone se. Apple is expected to resurrect this four inch iphone form factor in a newer phone with upgraded internals, better camera on the back, and upgraded chip inside, perhaps the a9, recently been in other phones. Now, part of the question is how much this will cost. Rumor has it could cost as low as 450, comparing to 650 for the iphone 6s. The latest out the gate. That could be important if this is part of apples move to get deeper into Growth Markets like india and china, which have had the strongest growth from apple thus far. It is not just about the iphone. We also expect new watch bands for the apple watch. Now the new watch itself, but new bands and also the ipad expected to get an
A percent. Lets get straight to kayla at the apple event in San Francisco. Kayla, tell us what you know. Center for the arts which you see behind me. Also showcasing a picture of empty seats inside the theater with the quote full of anticipation. Of course, thats an understatement as we are awaiting apples first new Product Launch in five years. Since the ipad in 2010. This is apples tenth first generation generation. It helps the player into this luxury market. Unclear which executives beside tim cook we will hear from today. That will be top of mind. Exactly how many details we get, but lest we think this is just about the apple watch. Much of the focus has been about that. Apple observers say we could get an announcement of a new macbook today, and that that could be the reason why the apple store has been done as of this morning. Typically that happens on the day of an apple Product Launch, and they say that could be the reason the macbook ready to go on sale once that site come ba
Consequences, there will be consequences if the assad regime makes a terrible mistake by using these chemical weapons on their own people. Earlier today, leon panetta. Well have a report from the pentagon on syria in a moment. First, shock waves in washington. A powerful republican senator suddenly calling it quits. South carolina senator jim demint will step down december 31st to lead the heritage foundation. Its a powerful conservative think tank in washington. Demint says he can be more effective outside the senate. A lot of my role in the senate has been stopping bad things and saying no to bad things. But we need to do more than that and tell americans what were for. One of the mistakes i think the Republican Party made the last two years is trying to make obama the issue without sharing with america bold reform ideas that get people inspired to get behind us. Senator demint, huge tea party supporter. Sometimes clashes with his own partys leadership. He is leaving with four years
The congress and the American People are making sure that we maintain our lead role in innovation. Todays budget, and this isnt a constrained environment, but we also have to continue to think of new ways to provide health care and research. Captain james lovell and chicago is the first of its kind for the partnership between the active military this was a rough marriage to bring together a manner of just blocks the great lakes hospital and the va hospital are destined to be closed. Its open and they merge together. The battles that we have fought between different cultures and active military versus the different unions, the different Computer Systems, i want to know if we have learned anything from that. During the course of this hearing. The Integrative Health record is long overdue and long overbudget. It is time for some questions to be asked about whether progress is being made. Finally the Budget Proposal is consolidating tricare as well as additional fees and copays especially