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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 ....
Narrative of what has been a rough campaign over the last week or so, but some have already viewed this plan and have come back with what it will ultimately mean for the economy, including mark zandi. I want to start with your overall assessment, which is vision. I think wall street is ready to go beyond vision. I think wall street is ready for numbers. We dont have the numbers. What we have has been dissatisfying. We have both the Tax Foundation and zandi from moodys. Com, assessing the cost this at 10 trillion. They come to two different conclusions about the benefits. Zandi says recession is the result of this plan. Tax foundation says more growth, more jobs, still a very large deficit. And part of the difference in the conclusion las to do with the lack of numbers and specificity. We dont know, for example, about this issue of him doubling the infrastructure spending. Larry kudlow on squawk box said hes going to roll that back ....