video transcript

Figured boarding call for Thursday too well known activist investors. -- -- -- As opposed it shareholder conference in New York today. Daniel -- betting that nutritional supplements company will fly -- while bill -- and saying it will falter. Last month actually in a three hour long presentation -- Herbalife is put it yeah -- scheme. The company denied the accusation. But the FCC has -- doubts according to the Wall Street Journal it opened a probe into Herbalife. A few hours before the SEC news broke bloke to get 8% stake in the stock hoping careful to trade in the 55 to 68 dollar range. Analysts calling this difference in opinion -- battle of firepower. -- -- hedge fund made a 12% gain for 2012 -- delivered strong returns with a 20% gain in his third point offshore fund. And nearly 34% rise in his third point. Turning to markets US stock futures are pointing to another game gains as investors turned their focus to earnings season. Earnings and dining chain Ruby Tuesday posting a wider than expected second court loss. And lowering the upper end of its full year profit forecast. Restaurants are struggling with consumer spending becoming increasingly volatile. Rival Darden also reported a steep fall in business last month and lowered its financial expectations. On the economic front President Obama expected to nominate Jacquelyn the White House chief of staff as is next Treasury Secretary replacing Timothy Geithner. In stocks to watch keep an eye on AIG today the insurers says it will not seen the US government over the terms of its multi billion dollar bail out. AIG had been weighing whether to join a shareholder lawsuit fronted by -- former CEO Hank Greenberg. But decided to opt out after congress and the American people express their outrage. We don't have black rock on our radar the asset manager will buy Credit Suisse is ET FP unit for an undisclosed price. The Swiss bank quick ETF business on the block in July as part of a plan to bolster capital it manages seventeen billion dollars incline funds. A story coming up this morning from the Wall Street Journal on a major banking. A major bank making major bets on Libor. Deutsche Bank made at least 654. Million dollars in profit in 2008. Trades linked to life for. But there's no sign that they may have affected the market or war illegal. What do you show is the massive scope of risk Deutsche Bank was prepared to take in order to trade on tiny rate news. Regulators have been probing allegations that over a dozen banks including Deutsche rate Libor and other interest rates underpinning trillions of dollars the probe has -- -- settlements totaling nearly two billion for Barclays and UBS. We're following the travels and apple CEO Tim Cook this morning he is hanging out Beijing with China Mobile chairman. To discuss what matters of cooperation. China Mobile is the world's largest mobile carrier deal between apple and the wireless company would unlock a massive subscriber base. And help arrest the Cupertino firms sliding market share in the world's biggest Smartphone market. Shares -- apple trading up three dollars to 520 in the premarket. That's every Thursday morning call follow us on Twitter app -- inside there and check out what do you think now at Reuters dot com slash TV. I'm Lisa Bernhard this is.