 Activist investor Dan Loeb taking a three and a half billion dollar stake in Nestle. A rather large stake 40 million shares worth of Nestle which he's been accumulating over time but certainly he's an activist investor so he's looking for ways to create value and unlock value and so this story is just developing right that the headline came out yesterday the action is today Nestle's is up was up almost 5% right near the open I think it's backed off a little bit but still up three and a half or 4% so that's going to be an ongoing story but I think that speaks to not only Dan Loeb's opinion of what's going on in Europe because he's got some other investments in Europe he's that unit credit which is an Italian bank stock he's got a German utility company and what he's what he's starting to say and what other people I think are starting to understand is that the economic situation in Europe is is changing turning for the better and as well there's less there's much less now political risk after we've gone through certainly Brexit we've gone through now the Theresa May election we've gone through now the the French election and all the support that he's gotten so the next big one is Germany that's in November but that's still a good four or five months away so I think there's a lot going on and that speaks right to that point and does it say anything about where Dan Loeb might go next what his next investment might be well listen he's got some fairly large investors I suspect he's got to pay attention to the ones he's got so I'm not going to speculate on where he could go next but I just think this Nestle this Nestle news is going to be big news for a while it's gonna be a lot of conversation around