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FBN's Charlie Gasparino on the latest with Herbalife, Morgan Stanley and the chances of an AIG lawsuit against the government.
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Herbalife Morgan Stanley I had.
He's the anti bill -- black and short in the stock basis has Herbalife is -- -- -- that debate.
Says -- a pyramid scheme.
But got a big boost today we should point out that yesterday -- Fox Business was first report -- Bob Chapman said there's a big story coming in.
In the Herbalife drama with -- when -- -- -- it's a positive story in his view because.
He's a long on the stock and guess what.
We -- the reported that the stock shot up 6% today as first reported by Fox Business we can have this we have the positive story.
-- mobile five point capital came -- what -- I believe would have huge percentage huge stake in the company guess what.
Stock is now what was -- -- percent of it came back back a little bit game and got a little it's still around 4% on the day.
But let me guys have if you watch Fox Business he made a few bucks listening to this because this was pretty much -- -- money obviously the stories and over I've spent some time talking would would that a black -- He believes is a pretty compelling case that this -- a whole this is a short that this is -- this is a fraud in his view but when we should see how that happens tomorrow is the Herbalife investor meeting that I will be there.
Do we will be covering that we will have the president of Herbalife on later on the afternoon so I'll be -- and that's once or second -- Morgan Stanley.
Something that we've been reporting couple weeks ago I said Morgan Stanley it would just around the time Citigroup was planning its big cuts.
I I was first report that Morgan Stanley was planning cuts of its own -- -- about 5% today we we've we've basically reported we -- basically what we reported.
First the first on Fox Business the Morgan Stanley is planning to to -- 6% of its workforce.
I understand that that work force is that that cut is about fifteen to 16100 jobs.
It's going to be largely in trading and sort of infrastructure.
Institutional sort of stuff.
No brokers affected very few bankers but it is the drip drip drip of -- over there.
At Morgan Stanley and -- from what I understand it's gonna continue they're gonna do another round it is in the second half the year probably still looking ahead.
There's a third story big who's got an agency deal in the New York Times earlier this week that AIG the board was considering joining a lawsuit with Anna Greenberg.
-- the former CEO to sue the company should sue the federal government could -- in light of -- after -- British Sula.
Well guess what -- we heard from inside AIG is that they haven't made the official decision but the chances of this act soon happening.
Is like slid to know that -- But Robert that will shape the CEO of the new CEO of AIG saying you know.
No specific it anyways I can't have -- he's not -- -- did you imagine and you want to put right I mean this stuff company that's re branding itself.
Try to -- say thank you to a federal Gupta got expecting the federal government.
They're gonna sue the fact they're gonna -- the -- why did they even consider it.
It's corporate governance that's what -- that's what they tell me that they have to consider think it's a share.
Hank Greenberg restore shareholder if you just ignore a shareholder well then you know there there aren't significant corporate governance -- you just -- the least taken up.
They've taken up the decision the official decision for what I hear is imminent maybe today maybe -- my decision down.
Attributed the PR department you know union I don't think about it decision is no way now I was told I didn't have a lot of time how fast that I do that as record for my desperate -- -- it up yeah.
I started -- break -- after a run a survey that's that I should.
I don't even -- yes.
And I actually read everything else -- -- to -- -- actually.
Just so you don't think I'm dyslexic I read a little bit off the teleprompter.
Wow that's pretty good at what -- -- covenant three and one day in this Herbalife and it's crazy well I mean -- tomorrow's going to be belted Denver -- I -- you put out that last night so now.
Good for -- and the last night in a minute ago we were first to report that bill -- when the activism has -- -- shorting the stocks is pyramid scheme.
Believes that he's going to be sued that did the -- to Herbalife for tortuous interference.
Is gonna come it's coming imminently.
He even people close stack would say he thinks it could come tomorrow that we may see and it that he believes might say it's gonna happen -- don't know he's -- but he believes.
That that lawsuit could happen tomorrow we shall see not -- it is -- thought -- -- he believes.
We support support at the black and -- not town.
He's not tell us his -- is scuba -- I was Anguilla.
I don't know if possible Burma was -- to continue school would have -- -- -- but I don't know maybe I'll even -- I'm -- I don't scuba -- he's with boot with friends scuba -- let's leave that there for today I think on Charlie all right we're gonna -- -- -- -- the flu.
Bob I don't have it yet but I just came back from vacation -- usually when I come back from vacation.
I get sick don't -- -- Brutal a lot of people I mean that I got a hospital slash medical center -- even allowing visitors in the hospital.
Because of my brother works in a hospital that's whenever want to see my brother.
41 states set up -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- --
