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Yahoo proxy battle; Exxon climate change vote; Trump's poor investments

Yahoo Finance
Yahoo Finance

Stocks (^DJI^GSPC^IXIC^RUT) have been relatively quiet this week, but we are seeing a few notable moves: the U.S. Dollar (^USDOLLAR) is up again today for the fifth day in a row, and crude oil (CLK16.NYM) is down for the second day. Stephen Guilfoyle, managing director of floor operations for Deep Value Execution Services, joins us live from the floor of the New York Stock Exchange to discuss the markets.

Joining Yahoo Finance's Alexis Christoforous to discuss some of the other big stories of the day are Yahoo Finance's Rick Newman and Thomson Reuters correspondent Bobbi Rebell, author of "How to be a Financial Grownup."

Starboard Value launches proxy war against Yahoo

It's officially a proxy fight at Yahoo Finance's parent company, Yahoo. Today, activist investor fund Starboard Value sent an open letter to Yahoo shareholders announcing it would nominate a new board of directors at the 2016 annual shareholder meeting. The fund and its affiliates own about 1.7% of Yahoo shares, and this latest move comes amid a push by the company to sell its core business.

Exxon shareholder climate change vote

The SEC ruled that Exxon Mobil (XOM) must include a climate change resolution at its annual shareholder vote. The proposal would force Exxon to detail risks that climate change could pose to its bottomline. Also, the Rockefeller Family Fund announced that it is dumping Exxon and other oil stocks from its portfolio, as it moves away from investments in the commodity that originally made the family fortune. The fund called out Exxon for “morally reprehensible conduct.”

Trump investments in funds lose money

According to Reuters, the real estate mogul's investments in 18 out of 21 hedge and mutual funds lost money in 2015, and 17 of them are down this year. This for a man who touts his skills as a businessman. Rebell spoke with the author who broke this story, and she reads from the telephone transcript of the interview.