WHEN: TODAY, WEDNESDAY, JULY 31ST
WHERE: CNBC'S "SQUAWK ON THE STREET"
Following is the unofficial transcript of breaking news from CNBC's Scott Wapner. All references must be sourced to CNBC.
SCOTT WAPNER: WELL THE BATTLE FOR HERBALIFE HAS JUST GOTTEN A WHOLE LOT MORE INTERESTING, CARL. I CAN REPORT,ACCORDING TO SOURCES, THAT GEORGE SOROS IS TAKING A LARGE LONG POSITION IN HERBALIFE. IT IS SAID TO BE ONE OF HIS TOP THREE POSITIONS. THE OFFICIAL WORD FROM SOROS IS NO COMMENT, BUT IT CERTAINLY AMPS UP THE BATTLE THAT HAS BEEN GOING ON AS BILL ACKMAN HAS HIS BIG SHORT POSITION OF COURSE TELLING CNBC THIS MORNING THAT HE HAS NOT COVERED A SINGLE SHARE OF THAT. WE KNOW ABOUT CARL ICAHN'S LONG POSITION. THE COMPANY WAS OUT WITH EARNINGS JUST RECENTLY. THE STOCK HAS SHOT UP HIGHER AS A RESULT OF THAT. AS YOU CAN SEE ON NEWS OF THIS,HERBALIFE SHARES ARE UP NEARLY TEN PERCENT ON THE DAY. JUST ABOUT 66 BUCKS.RIGHT THERE – 65 AND CHANGE. BUT AGAIN, THE NEWS HERE, GEORGE SOROS TAKING A LARGE LONG POSITION IN HERBALIFE. SAID TO BE ONE OF HIS TOP THREE.
About CNBC:
With CNBC in the U.S., CNBC in Asia Pacific, CNBC in Europe, Middle East and Africa, CNBC World and CNBC HD , CNBC is the recognized world leader in business news and provides real-time financial market coverage and business information to approximately 390 million homes worldwide, including more than 100 million households in the United States and Canada. CNBC also provides daily business updates to 400 million households across China. The network's 16 live hours a day of business programming in North America (weekdays from 4:00 a.m. - 8:00 p.m. ET) is produced at CNBC's global headquarters in Englewood Cliffs, N.J., and includes reports from CNBC News bureaus worldwide.
CNBC also has a vast portfolio of digital products which deliver real-time financial market news and information across a variety of platforms. These include CNBC.com, the online destination for global business; CNBC PRO, the premium, integrated desktop/mobile service that provides real-time global market data and live access to CNBC global programming; and a suite of CNBC Mobile products including the CNBC Real-Time iPhone and iPad Apps.
Members of the media can receive more information about CNBC and its programming on the NBC Universal Media Village Web site athttp://www.nbcumv.com/mediavillage/networks/cnbc/