Starboard CEO Jeff Smith on investing in Corteva

CNBC's "Squawk on the Street" team discusses active and passive investing as well as investments in new positions, like Corteva, with Jeffrey Smith, Starboard Value CEO. We've been following Corteva since the spin says Smith. We think it's a great business, that it's recession resistant, highly stable and has wind at its back as it relates to revenue. We look for really great businesses that produce better margins and create value for shareholders, he adds. Like Corteva.