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we can rerack some of the other video where it was really getting heated up to stage it outside, ken griffin citadel, which is a hedge fund is a little miss guided because hedge fund profits are not taxed like carried interest, which is capital gains, that's more of the private equity world. ken pays ordinary income tax on hedge fund revenue. melissa franz was weighing in on this earlier. she's absolutely right. and to say that he isn't paying his fair share simply because he makes so much, he's not breaking the law. i just want to make that very clear. that doesn't mean that the pain of these protesters is any less. but the anger -- and i pretty much believe that jeff flock, most of our guests might agree is slightly miss guided. it should be directed to the state legislature. but as you said, and those guys don't do anything. >> this is the only thing that's gotten them any kind of traction. and of course it may just be coming to an end. but these legislatures, adam made a great point. legislatures both republican and democrat have been doing this and say we'll pay you down the road and no
we can rerack some of the other video where it was really getting heated up to stage it outside, ken griffin citadel, which is a hedge fund is a little miss guided because hedge fund profits are not taxed like carried interest, which is capital gains, that's more of the private equity world. ken pays ordinary income tax on hedge fund revenue. melissa franz was weighing in on this earlier. she's absolutely right. and to say that he isn't paying his fair share simply because he makes so much,...
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citadel run by ken griffin, the wealthy make too much. they introduce ad proposed budget for illinois. maybe they have better luck passing a budget than the legislature and governor have. this is calling for $23 billion in new revenue. higher taxes for wealthy with graduated income tax and lasalle street tax with portion of each trade executed at cme as well as closing cooperate loopholes. david, they were targeting citadel although i think as melissa pointed out earlier hedge fund profits are taxed at ordinary rates. not like the lasalle street tax issue or i know, other issues. so they're paying their fair share over there. at same time illinois without a budget, very frustrated if this state. programs shutting down. schools shutting down. things are coming to a head in a state that doesn't have a budget, not enough money to pay its bills. david: if citadel and other companies move out because of higher taxes they have less money money than they have now. >> reporter: who will be in the building. david: it could be empty building. >> ch
citadel run by ken griffin, the wealthy make too much. they introduce ad proposed budget for illinois. maybe they have better luck passing a budget than the legislature and governor have. this is calling for $23 billion in new revenue. higher taxes for wealthy with graduated income tax and lasalle street tax with portion of each trade executed at cme as well as closing cooperate loopholes. david, they were targeting citadel although i think as melissa pointed out earlier hedge fund profits are...
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as you pointed out earlier, this is ken griffin's building. very profitable financial organization.t now, it is completely shut down. you come over here and see what it looks like over here. a very well organized and planned protest. i know you have been talking about it for the hour. not only here in chicago, you see some of that frustration at the donald trump rally. >> absolutely. on both sides now, for sure. jeff flock, thank you. we will continue checking in. i am joined right now for more by former presidential candidate mike huckabee. good to see you. good to have you back here. this frustration that you are seeing from people they are across the country, it seems to be quite real. it seems to be on both sides. >> it is on both sides, trish. people in the middle-class and working people know that they have worked harder then they have worked before. they do not have anything to show for it. that has been evident by declining wages. lost of benefits. a very frustrating loss of america. what i wonder is, what do the protesters want? exactly what will they accomplish other than
as you pointed out earlier, this is ken griffin's building. very profitable financial organization.t now, it is completely shut down. you come over here and see what it looks like over here. a very well organized and planned protest. i know you have been talking about it for the hour. not only here in chicago, you see some of that frustration at the donald trump rally. >> absolutely. on both sides now, for sure. jeff flock, thank you. we will continue checking in. i am joined right now...
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this is a hedge fund operated and founded by ken griffin., particular target here as you can see. they're saying if we don't get it, shut it down. and this is the very vociferious at this point and not violent but clear civil disobedience, as you see perhaps from the pictures, neil, we're not seeing any police officers. we're seeing plenty of protesters who have now shut these entrances and exits down to citadel center here and folks inside of the building as well, maybe if we move our camera farther down, you can see the protesters that gained access. there is a police officer or two on the inside, presumably, attempting to get those protesters out but they have now sat down, if we get through the crowd here you can see that. earlier they were standing blocking the entrance. they are now, sitting down inside of the lobby of citadel center and protesters are outside blocking these doors. you see this gentleman here to my right who is, got his hands on the doors. nobody is coming in or out. police officer, as you can see inside, maybe you can
this is a hedge fund operated and founded by ken griffin., particular target here as you can see. they're saying if we don't get it, shut it down. and this is the very vociferious at this point and not violent but clear civil disobedience, as you see perhaps from the pictures, neil, we're not seeing any police officers. we're seeing plenty of protesters who have now shut these entrances and exits down to citadel center here and folks inside of the building as well, maybe if we move our camera...
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May 11, 2016
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you're talking about former treasury secretary ken griffin of citadel about that huge chicago protest was happening. anthony scaramucci and, by the way, anthony spoke with former treasury secretary. and just on stage stirring up controversy on who should be the next president.is hour, we'l ask. is opec going the way of the dinosaur? extinct. peter on a controversial call on gold and whether that's the way to go. and says he is going to fight to bring the hit show hamilton here to las vegas. we're less than an hour to the closing bell. breaking news all around live from las vegas, let's start the countdown. ♪ >> live from the hotel in las vegas where we're giving you an all access pass to more than a trillion dollars in combine net investable assets. some of the greatest hedge fund minds on wall street at this year's salt conference. david rubinstein, to former secretary treasurer. by the way, kobe bryant the basketball star is going to speak where he stands in his life after basketball. business. this is a huge crowd and a lot of breaking news. let's take a look at the markets. we are
you're talking about former treasury secretary ken griffin of citadel about that huge chicago protest was happening. anthony scaramucci and, by the way, anthony spoke with former treasury secretary. and just on stage stirring up controversy on who should be the next president.is hour, we'l ask. is opec going the way of the dinosaur? extinct. peter on a controversial call on gold and whether that's the way to go. and says he is going to fight to bring the hit show hamilton here to las vegas....
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May 9, 2016
05/16
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steven cohen, of course, ken griffin. sotheby's is equal to nine mow dill jannes. >> after seeing some of them, i'm not sure about that. is this really a business that is fundamentally a good business? these guys should know when they see one. >> remember, alfred tall aboutman took this company private in 1983 for $37 million, brought it public again but no matter how much the art market has appreciating and these painting go for over $100 million, it has yet to be proven. that's why many say it's better as a private company than a public company. >> mike? >> yeah. ice kind of a trophy business. actually the broad market should care a little bit about whether sothebys the stock can perform a little bit because if you look at the way this is trading. actually it's about half of its high from 2014, you've never had sotheby's stock go down and not have a bear market. it did this in 2011 though and we didn't really get a full on bear market. >> well, i hoe that this is another scare and nothing more, but, still, it's a great indicator. thank you, robert. >> thank you,
steven cohen, of course, ken griffin. sotheby's is equal to nine mow dill jannes. >> after seeing some of them, i'm not sure about that. is this really a business that is fundamentally a good business? these guys should know when they see one. >> remember, alfred tall aboutman took this company private in 1983 for $37 million, brought it public again but no matter how much the art market has appreciating and these painting go for over $100 million, it has yet to be proven. that's...
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05/16
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ken griffin has made so much money and also very active in illinois politics.stors. you're see also some big institutional investors like new york pull out from hedge funds. so, i think will you start to see, a little bit, you know, more of a concession by some of these managers. >> well it's been a tough run for sure. some of the other managers that have had a tough time making money. well-known names. who is on your list? >> one of the people that's interesting this year is chase cullman. he was succeeded by julia roberts of tiger. it's probably what's called a tiger seed. it's most successful, you know, over the last six, seven, eight years. this year, he's down, i think maybe 20%. i mean, it's pretty remarkable. last year, he had a great fourth quarter that enabled him to end up 6%, 7% for the year and make the list. but he's been riding on high profile internet and media stock. it's been a difficult year for chase. >> this year's number one earners brought home $1.7 billion each. michael good to see you michael potts, institutional investors. >>> coming up
ken griffin has made so much money and also very active in illinois politics.stors. you're see also some big institutional investors like new york pull out from hedge funds. so, i think will you start to see, a little bit, you know, more of a concession by some of these managers. >> well it's been a tough run for sure. some of the other managers that have had a tough time making money. well-known names. who is on your list? >> one of the people that's interesting this year is chase...