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Icahn Enterprises Chairman Carl Icahn on his decision to sell $1.2 billion of Motorola Solutions stock back to the company.
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-- Fox Business alert does it matter we're gonna have to wait at least another day for Dow thirteen today stocks have been below that mark literally in just the last couple of minutes we have the party gets ready to Bruce -- on the -- your world never came back past.
Has so many were watching that minor move we were watching actually something else that was pretty major.
Which might account for this comes to give it looks like Carl Icahn is gonna have a lot less to say about the future Motorola the billionaire investor.
-- back over billion dollars worth of his Motorola solutions -- to the company Carl -- on the phone with me now.
-- -- -- -- -- -- Well then we we we certainly have a lower right wouldn't we we beat -- -- -- from.
2008.
We bought a lot of that's stock deal when it but it went down to a -- of it if you do what it just -- on this secure look at that.
The two companies together the old place.
The stock -- -- -- -- ten cents.
This is that a -- and nine and and it's now equivalent about twelve and I have so is that what I -- couple long ride -- -- quit talking about it to come to Motorola solutions and I Motorola mobility.
But I mean obviously Europe pretty Smart guy what you do core hornets and isn't great deal of hoopla and -- attached.
To what it might or might not do with -- and and whether.
-- have on our way out of Coca views of the hill and is this oral solutions and doesn't do blah I don't know I does that put the DO.
Argument has -- that there are greater and better days.
Also Motorola the name you obviously quibble with that what what what what what are you seeing that they be others are not.
Yeah I I really don't equivalent that I pay you know -- basically activist that -- we.
We was strong activists of Motorola for more years it and if so when we have -- -- I we got.
We were very I think blueberry ensure -- and it pushy or is obvious -- applaud to bring heat and subtracted.
In.
He's getting a lot of it has done and I work is sort of over and it has activist site -- think Greg -- notified job as the as the CEO morals.
All right so this wasn't an indictment on the company but I'll come sign -- works you know people would would hear a disabled and Carl -- selling a lot and -- particulates or completing a sale.
And then media the -- the appetite -- the impetus for floor on the market and doubt thirteen thousand.
You know here's one of the smartest investors on the planet.
I cannot Tea -- -- get a I don't think by so Motorola and it needed to do with the market.
I wanted to say confidence in the market itself listen I I'm concerned about the market.
Right.
But you know -- -- market you really -- -- witnessed -- the head yet you have.
Well I think a lot of concerns but then you have a lot of money -- we have people as you know that it they'll say.
What can I do my money I don't wanna get -- recess so I gotta buy stock that.
I think it is so my -- united have to buy stock should get what percent would but what -- better than lows of 30%.
Again the UK and there is risk of that in the market and we had a tremendous position -- -- -- -- to -- it away it was a good problem because visited web because stock went up so much but.
Well it's -- nice problem to have but I yeah get your sense then.
Less than you were leery about the kind of tone out of Washington the attack on success alright.
I don't wanna get too overtly political your -- yeah but but but it does come at a time and everyone's been waiting for this financial good though in getting -- thirteen thousand.
Which would effectively do is bring it back to where we were -- appears there's not new -- this is morning at your -- someone that.
But what do you think -- that this is fixation on this would it be a big deal deal would we revisited that are now.
I I don't -- that matters but I think what does matter is.
How well this economy is gonna do it is still have some real problems with the economy -- that that's.
They certainly could go higher beat it beat it is that there's an awful lot.
However a bit there was an awful lot of concerns though but it might have that this -- And I am concerned about it and they're.
And what's -- biggest let's diseases and well I I think the -- to Begin with I -- -- think businesses of -- best bets are you gonna drop creation.
-- -- -- -- -- -- That you also have.
High unemployment -- haven't really dealt where I'm not sure -- -- addicted to review the way they've been going.
So you do have a lot of concerns and of these concerns of a manifest themselves.
You know you'd better have just -- -- -- You know everybody -- to the exit date you know it and so elect of fire at a movie so.
In this case specially because.
You have a lot of investments being made because you take it any return and that's the way it's set up today.
So we've been client a heck of a wall of worry and I'm.
Now we -- Britain but then again that you take a look at Europe I think there's should have major problems -- -- -- There that you know Greece is certainly not solve the matter what happens.
You know I think they give us 75 billion and -- -- -- government -- -- -- -- Ever really implement these changes -- so it -- 75 billion.
About money that sort of view printed up.
And then you get the EC they've -- up trillions of dollars and many European central -- European.
Essential back to spread up trillions of dollars do his best to the but it of the banks around Europe.
So -- I mean to jump what you're corridor break here repair bills -- is gonna make three do that but is it how are you looking then.
-- that the president likely -- this I was in this erupts after the election he gets reelected in the meantime but even.
Well -- -- I don't know when that.
I'm not assume so there I don't know where in the economy it's going to be bid if it will be I don't know -- -- market will be bad if it's gonna be bad.
So I I don't I don't think he could predict that related.
It is reelected would you -- sell would you just continue doing you don't.
I think we -- it is an election Tuesday it has nothing to do with the problems the economy has been have to see of this economy turns.
Out that we have to see if we can deal with the unemployment problem -- we deal.
-- -- -- Problems attorney profitability which I think is still there I think I think a lot of -- -- -- -- They've been outside you know which those stocks we still had we we we do a lot of -- against -- Yeah but you're right saying that I'm not I'm not extremely bullish and you know when you have a credible position of one in one company -- years that you've written and way up from.
The equivalent of street it out well it's.
Pretty nice problem to have like -- And as citizens is on hundreds -- aren't.
And then you have very good timing and -- -- -- -- value well I don't -- notably strike does we still have -- left -- it we have stopped by the business the okay okay okay -- -- but talk to.
Same here Carl.
-- as investors on the planet unloading a large --
