what vice chairman cohn reminded everybody is it's going to depend on the data. they'll start when they think it might be ready. it could be faster, but it also could be slower. >> look, i worked with the fed a long time ago. but i was such a junior junior, i wasn't a part of it. you were a senior senior. i thought there was a wizard of oz manipulating what they say. but there seed sooems to be a war. a fed war going on. warsch said be tough, tough, tough, and don cohn says no, no, no we won't. >> so what's the contribution ben bernanke has made it for the federal reserve? he's trying to make it more democratic. fmoc is more open. he's not leaning on his colleagues to speak all from the same page. conspiracies never worked anyway. and people overemphasized the man behind the curtain. sometimes accusing it to be me. it just -- it's not that common. and i think chairman bernanke has pushed that a little further. it's a more democratic institution. you're hearing a range of views. >> mickey levy, we're going to get a bunch of numbers tomorrow, and that's going to la

cohn's perspective is one thing, yours is another. what about mr.ma wthe full-e in "the new york times" today? the senior staffer joins me next. is he converted back tonight? >>> and rachel maddow joins us on this critical night as health care debate continues. among her guests, white house senior david axelrod, senator boxer, representative frank. >>> and ahead of that, a month ago she announced the president is a natural born citizen. now jean smith of ohio changed her mind if she has ones. "worst persons," including congressman wilson, if she has one. . unlock an outdoor dreamland for your indoor cat. exciting flavor combinations, plus a touch of garden greens make it irresistible. friskies indoor delights. feed the senses. your p.a.d. isn't just poor circulation in your legs causing you pain. ok-what is it? dad, it more than doubles your risk of a heart attack or stroke. i can't keep anything from you. you better read about plavix. if you have p.a.d., plavix can help protect you from a heart attack or stroke. plavix helps keep blood platelets fr

cohn's perspective is one thing, yours is another. what about the full-page article in "the new york times" today? critical of the president's leadership on reform. the senior staffer joins me next. is he converted back tonight? >>> and rachel maddow joins us on this critical night as health care debate continues. among her guests, white house senior david axelrod, senator boxer, representative frank. >>> and ahead of that, a month ago she announced the president is a natural born citizen. now jean smith of ohio changed her mind if she has one. "worst persons," including congressman wilson, if she has one. [ female announcer ] the deeper you clean, the cleaner you feel. olay deep cleansers go beyond what the eye can see. they remove 2 times more dirt and make-up than basic cleansing. for a deep clean feeling, deep cleansers from olay. when you're sick, you go to the doctor for answers. and when you hear scary rumors about health insurance reform being a big government takeover... doctors have the answer again. according to the america

scott cohn, thanks so much for that update. and speaking of the bank of america/merrill lynch sort of brouhaha, that was exactly what was going on the floor today. is this ken lewis's way of getting back at congress? well, "new york" magazine reports bank of america in complying with representative edolphus towns's requests concerning that merrill lynch deal, sent him every e-mail that went through its system during that time period. edolphus struck back sending this note to ken lewis. "for example, you sent copies of numerous e-mails you received from your own employees expressing admiration for your "awesome" performance on "60 minutes." you also included copies of e-mails alerting bank of america employees to discounts at walmart, target, and costco, an announcement of the annual pecan sale featuring this year's crop of mammoth pecan halves, and an invitation to attend a conference on investment in east asia, written in chinese. >> what is he supposed to do? >> it somehow missed the deadline but managed to send all those e-m

our own scott cohn will have the full report when we return.kudlow report" and accelerate your income in 2010 to bae the tax man. welcome to the now network. population: 49 million. right now 1.2 million people are on sprint mobile broadband. 31 are streaming a sales conference from the road. eight are wearing bathrobes. two... less. - 154 people are tracking shipments on a train. - ( train whistles ) 33 are im'ing on a ferry. and 1300 are secretly checking email... - on a vacation. - hmm? ( groans ) that's happening now. america's most dependable 3g network. bringing you the first and only wireless 4g network. sprint. the now network. deaf, hard of hearing and people with speech disabilities access www.sprintrelay.com. bringing you the first and only wireless 4g network. sprint. the now network. coldwell. yes, banker? now all our listings are on any smartphone. indeed. now people can search home listings anytime, anywhere. coldwell? whoa! looks like you can search listings and connect with our great agents on this thing. isn't technology amazi

he gave his only interview to scott cohn.ly, and you're not surprised it's a comedy. >> i think it's a stroke of genious they turned it into a comedy. who knew -- we'll leave it at thachlt who knew white collar krik could be funny? at the time, there was nothing funny about it at all. it nearly brought down one of the biggest companies in the world. matt damon plays mark whitaker, an employee who blows the whistle. he goes undercover for the fbi, secretly taping his bosses for three years, but it turns out he has issues of his own, like the fact he's been stealing millions from the company. >> okay, what have it was st standard practice for executives to accept kickbacks in cash? >> there is the real mark whitaker the same month he was indicted. he gave his only tv interview to us, still insisting that the $9 million in the swiss bank account was given to him by the company. >> with hair. >> we were talking ultimately, millions of dollars going into accounts in switzerland, the cayman islands. >> it was standard operating pro

thanks very much, scott cohn. we'll be with you for further developments on that. >>> climate change has been championed by activists. more and more businesses are jumping onboard. one company taking the lead on the global issue. >>> welcome back. technology plays a critical role in making businesses more efficient. a big help for their bottom line, but also for the environmental impact. hewlett-packard is increasing lines of products and services aimed at efficiency while tackling its own green practices. the chief strategy and technology officer at hp, shane robinson. nice to have you on the program. welcome back to "closing bell." >>> nice to be here. >> before i get into the green niche yeah tifs and what hp has done. where do you see as the chief strategist and technology officer at hp, where technology is going? where's the growth? >> a lot of growth is in information technology delivered through services. so services business models are evolving. behind that is explosion in information. navigating, making s

i'm scott cohn. >>> we are live from the floor of the new york stock exchange. this is "street signs" on a tuesday. the markets off the highs of the session. they still though are higher, celebrate that as long as you can get it. gold though really the big story spiking above $1,000. right now we're at $1,000 even for gold. takeover news keeping traders very interested. the price tag and the president's hotly anticipated details. we're talking about health care reform. a special guest with us today. the ceo of schering-plough speaking for the first time since the merger with merck. we'll talk about a public option. yea or nay. >>> and then hedge funds are partying like it's 1999. on track for their best year since 1999. >>> and america's big bet, alternative energy. but you can't build electric cars to get rid of those foul emissions without rare metals. the problem is as "street signs" viewers know, china controls those metals. we found the one american company in the game. they're with us exclusively. that's our show, it starts now. let's show you the market t

down pat. >> scott cohn, thank you for that. >>> we know the president has spoken. big question now, who was listening? the gang of six began a meeting a short time ago, bipartisan group of finance committee drafting a health care proposal. after last night, will it include a public option? joining us now, christina belatoni, and alex bern, white house reporter for politico. thank you both for joining us. >> thank you. >> we heard a lot of interesting comments from the president, interesting remarks. my particular favorite, they would show owe olympia snow, to try to gauge her reaction to what he was saying. now you have the gang of six and you might say they have marching orders. do we really expect any movement, though? >> reporter: it's unclear whether the gang of six will show any movement. you heard a lot of encouraging signs from progressive democrats, who had been giving the president grief over public option. you heard a lot of them on shows and even on msnbc saying they like what they heard from him last night. and they're willing to move forward and go her

>> jonathan cohn, author of "sick" in london. thanks for your time tonight. >>> sick is the right word suggested at the town halls. a woman in a wheelchair in new jersey with two incurable autoimmune diseases heckled as she pleads for help. how did the humanity get sucked out of the equation? when did some people get so twisted they seek protection in the loving arms of the series of gigantic corporations that are dedicated to squeezing every last penny out of them? mass hysteria fuelled by the commentators of his terices. tonight a man on national television explaining with utter conviction that this place, rockefeller center in new york is a bit of communism because of its wall decorations. he is apparently blissfully unaware of the connection between his own studio and own office and rockefeller center. fnc. fox news communists? (announcer) there are engines... and then there's the twin-turbocharging, 365-horsepower-generating, ecoboost™ engine in the all-new ford taurus sho that has the thirst of a v6 with the thrust of a v8.

. >>> now, scott cohn at the breaking news desk. scotty? >> we have news that a lot of ubs account holders, perhaps thousands of them in the u.s., are getting today or getting very soon. this letter, which is part of the big settlement on sharing information on suspected tax evaders, it is now coming. and they have until next week to comply. so they'll be getting this ominous note, many of them, saying that they are potentially among the people that the irs wants information from and providing them with a number of options they can essentially fight it with the judicial review process that's been set up in switzerland, consent to ubs turning over information to the irs or participate in the irs's voluntary disclosure program and submit it themselves. but people now are getting this letter which we have also obtained, telling them that they have until next week, the 23rd of september, to comply one way or the other, or at least initiate steps to fight it under swiss law. this again, part of that landmark settlement between the u.s. and the s

scott cohn has more with the details. >> you can hear them, too, online.al with these s.e.c. guys? just laugh them off. he knows how they work. this tape is from 2005. madoff still in his hey day, but the s.e.c. wants to ask his biggest investors, fairfield greenwich, so he gets on the phone with two executives to get their stories straight. >> obviously, this never took place. >> it was subpoenaed by the massachusetts secretary of state which just reached a settlement. this tape was exhibit one. madoff tells the executives whatever you do, don't tell them you have anything in writing. no that he was worried at all. these s.e.c. guys, he says they're pushovers, most will be working on wall street within a couple of years. so this was in december, the holiday season of 2005. at one point, he puts the call on hold for another call, some charity asking for money. he says if i get another solicitation for charity, i'll kill myself. we have the full tape on cnbc.com. >> and it's worth a listen? >> it is. >> what are they specifically talking about here? in othe

. >> thank you very much, scott cohn. tax hike, christine well eers a dan mitchell, senior fellow at the kato institute and author of "global tax revolution," the rise of tax competition and the battle to defend it. let's get to the bottom of this. you both heard austan there talking about taxes. dan mitchell, he's saying an increase that goes to medical device companies or drug companies that they pass on to consumers is not a tax on regular americans. is he right? >> no, he's completely wrong. companies don't pay taxes. companies merely collect tax. any tax levied on a company is paid for by either workers, consumers, or shareholders. there's no if, and, and buts about it. when austan was at the university of chicago he would have given you exactly the same answer i am giving you but he's working for an administration that's continuing the failed bush policies of big, wasteful government. he has no choice but to spin your viewers with an assertion that's absolutely nonsensical. they're raising taxes on average americans

let's call in scott cohn, our ace correspondent on this story.t the tape and the breaking news. what can you tell us? >> hi, larry, 2005 and the securities exchange commission is looking at his investors. madoff and the fund company get on the phone ahead of time to get their stories straight and the first words out of bernie madoff's mouth pretty well set the tone. listen. >> obviously, first of all, this conversation never took place, okay? . >> we obtained this from the massachusetts secretary of state's office which just settled a complaint against greenwich group, settling for $8 million. he tells them, whatever you do, don't tell the sec you have anything in writing. >> the best thing to do is not get involved that you sent written instructions. anytime you say you have something in writing they ask for it. >> okay. >> the next thing to do is to say it's a phone call. >> not that bernie madoff is worried, he says. he knows how these sec guys work. >> it's a fishing expedition. >> right. >> that's what they do, okay. so they typically, you k

i'm scott cohn. and now "fast money" with melissa lee starts now. >>> live from the nasdaq marketsite, this is "fast money." i'm melissa plee. stocks jumping 15% in the third quarter ending today. did you miss it? these traders have your best ways to catch up for the rest of the year. also tonight the world's largest bond firm gives us the secret to spotting an economic double dip. and a developing story from gm after hours that could shake market confidence in this new quarter. but first let's get to the word on the street today. we've got a fantastic quarter and a lackluster end to it. not really a surprise, was it? >> to me it was a fascinating day. i thought we were going to completely break down after some of those numbers this morning. the market looked extremely vulnerable. then it came back. you've got to believe when we did that halftime report that now it's going to explode higher and close up 12. and handles and it winds up closing down. so to me it was very interesting. i thought it had e

i'm scott cohn. "fast money" with melissa lee starts now. >>> labor day is over. and the wall street trading desks are fully stocked once again. let's find out what they were doing today. live from the nasdaq marketsite, this is "fast money." i'm melissa lee. these of course are the "fast money" traders. was today's gain a sign of a good september? your answer and your trades. also tonight, pete with the alpha trade before its big product announcement tomorrow. and karen games the health insurers before obama's big speech to congress. but first, let's get to the word on the street today. do you think wall street was really back today? >> no. but i mean for a taste there everybody's -- everybody's back. no, i think this is another short week. a lot of people are still milling about. but was it an impressive day? nonetheless. everybody seemed to come in, ratcheting everything higher right from the get-go. listen, the market defies gravity right now. i'm clearly wrong. i don't trust it, but it wants to go higher. >> we got past unemployment on friday so today was all

i'm scott cohn. "fast money" with melissa lee and the "fast money" traders starts right now. >>> live from the nasdaq marketsite, this is "fast money." i'm melissa lee. the stock market continues to defy all critics. these traders have got your winning plays. also tonight gold at a record high. we've got a new way to play it. plus pete najarian with the trade behind the next boom on wall street. but first let's get to the word on the street. on the nyse the most -- new high since october 2007. guy, you have been a critic all the way up. every point high yer -- >> i'll say it again tonight and i'm r-o-n-g wrong. where were you today for lunch? >> for lunch? >> please say it quick. >> i was at the cable facts awards luncheon. >> where you were nominated for? >> best host news for "options action." >> somebody should bring that up. thank you. >> mr. dan rather. i had the privilege of being in the same category as mr. dan rather, and he took that award, and he deserved it. >> well, good for you, though,

. >>> i'm scott cohn, we'll take a brief break in the hearings just to give you some information from fairfield greenwich group. they are the group that was on the other end of that madoff phone call that we've been playing all day and last night. they say they want to clear up some misinterpretations of the madoff phone call, particularly the first words out of bernie madoff's mouth. listen. >> obviously, first of all, this conversation never took place, okay? >> fairfield greenwich says rather than take madoff's suggestion, fairfield greenwich executives did the opposite, they told s.e.c. executives about the call and answered all questions accurately. they say they had permission from the s.e.c. to talk to bernie madoff when the s.e.c. was going to come in and interview fairfield greenwich about the madoff relationship. it's one of many investigations that the s.e.c. botched in the madoff probe. now back to the hearings. >> by the administration so can you enlighten -- >> i would be happy to walk you through again like i do in the substantial reports the fed and the financial stabi

david cohn and richard falconrof. >> david cohn used to work at the cia?the other gentleman was an adviser to the president on homeland security issues. we have a world class team that's helped up build a first-rate intelligence operation. >> give us a final thought on this eighth anniversary of the 9/11 terror attacks. what do you want our viewers watching in the united states and around the world to leave this interview with? >> we're safer than we've ever been and we continue to hone and refine our capabilities to protect this city, but in are no guarantees. >> we're counting on you, commissioner. thank you very much. >> thank you, wolf. >> commissioner ray kelly of new york. >>> a police officer shoots and kills a man and does the same thing just four days later. both victims possibly unarm. now residents of one big city are demanding to know why he was returned to duty so soon. >>> plus, the death of the oldest person in the world right here in the united states. tylenol pm quiets the pain that keeps you awake. and helps you sleep, in a non-habit form

i walked out of that lecture and thought thank goodness, thank goodness we have leaders linda cohn senator-- leaders like senator kennedy fighting. each time that summer i heard that senator kennedy was on the floor, i tried to slip off and go up to the staff section so i could sit up and see a little bit of the lion in the senate in action. well,p) through that time i ne anticipated that i would have the chance to come back and serve here in the u.s. senateó with senator kennedy. january when i was sworn in, eventb of serving with him occurred. i wanted to talk to him about the possibility of joining his health, education and labor committee, a committee where so many battles for working americans, so many battles for disenfranchised americans are waged. and so with some prepare dation i approached him on the floor here to speak with him and asked if i thought i might be able to serve on that committee, if he might whisper in the ear of our esteemed majority leader in that regard if i thought i might serve well. and it was with some pleasure that weeks later i had a message on my phone

. >> thank you very much, scott cohn. >>> word on the street here at the big board. and the g-20 and fed meeting this week. catapult stocks over that 10,000 level. we open this morning at 98.20. we have investment plays in the week ahead as we go global with mandy and ross westgate. on the street" because we are anchoring live today from new york, sydney, and london. we have a lower open. and we're right near the lows of the session for futures. as the big question is, will we hit 10,000. art cashin is with me here on the floor. art, i have found a few good pieces of news. we have all the ipos. mandy was talking agent ten ipos today in hong kong. one thing stuck out at me is the comment of the largest buyer of walmart, in china saying the u.s. is going to lead the world out of recession. they had no idea that demand would be this strong. is there room for real fundamental optimism? >> there always is the potential for fundamental optimism. his statement about walmart and the exports don't seem to be borne out by things like the baltic dry index and shipping rates. so

i'm scott cohn. >>> hello, everyone. i'm erin burnett.is what wall street is talking about at this hour. we have stocks higher, up about 50 points. the biggest story today it seems is citigroup. singapore's massive money fund curbing its straake. >>> what would a new tax mean to citi and you? the murmur of a tax on trading is turning into a rumble. france's sarkozy and britain's browns say a new tax should be on the table. we'll tackle it head-on on "street signs." >>> as world leaders convene in new york for the u.n., one of the most well-known faces of global affairs, queen noir of jordan is here with us. she's a passionate proponent of nuclear nonproliferation. scott wapner, and brian shactman, and scott you are first. >> oil is higher and so is gold. gold is up by better than ten bucks. want to talk about those stocks moving as a result of that. and certainly within the commodities space, miners, freeport is to the upside. that is one of them. murphy oil and then u.s. steel as well. financial stocks, aig, a lot of focus there as well.

. >> scott cohn is here with some new developments. >> the transcript has been floating around for severalassachusetts secretary of state's lawsuit or complaint gens fairfield greenwich group which was the big madoff feeder fund. now we have the actual tape now that case has been settled with fairfield greenwich not admitting any guilt. one of the most i guess kind of ironic and fun parts really has nothing to do with any sort of cover-up. this was in december of 2005. bernie madoff is in his office talking about how they should spin things when the s.e.c. comes calling. he keeps getting calls from charities and it's just annoying to him. listen. >> i'm sorry. any more solicitations for charity, i'm going to kill myself. >> he didn't kill himself, he just stole billions of dollars from a number of charities. this was fairfield greenwich, the biggest madoff feeder fund, preparing to answer questions from the s.e.c. in 2005 about the relationship with madoff. the s.e.c. was getting a little suspicious finally, and madoff said don't worry about it, i have these s.e.c. guys figured out. we dea

scott cohn has jaw-dropping details. >> when he started out this 2005 conversation, he came up with the perfect cover. >> obviously first of all, this conversation never took place. mark, okay? >> well, if it happened, and, of course, it is being taped. 2005 and madoff is on the phone two executives from his biggest investor, the feeder fund. the s.e.c. is coming in to ask fairfield grenich about the questions and madoff want to make sure the executives don't say anything, you know, wrong. above all he says, keep your cool. >> it's a fishing expedition. >> right. >> that's what they do. okay. so, you know, they typically, you know, we run through this all the time. the guys come in to do a books and records examination. and they -- they whatchamacallit, and they ask you a zillion different questions. and we look at them sometimes and we laugh, and what you say are you writing a book? >> he keeps getting interrupted by typical holiday season phone calls. >> i'm sorry. i get any more solicitations for charity, i'm going to kill myself. >> madoff would have the last laugh. he, of course, s

host: keven cohn joining us from south carolina. i want to follow up on something else you pressed him on, the 2010 elections. he indicated he didn't think he would be a factor in 2010. what was your reaction to his response? guest: i disagreed with them. i still do. he said his political career -- in fact, the first time he use this " he was a month ago, he said, i am politically dead, i am a non-factor. i highly disagree. if i am a democratic strategist and i am running against the republican nominee, whoever the person is, i'm doing the same thing barack obama did in running against john mccain, which is run against george bush as much as you run against john mccain. i think they will show a republican, house controlled, senate controlled, and the governor's mansion all controlled by republicans and yet very little has gotten done in south carolina. we have 12% unemployment and it has been a real mess. i am a fairly conservative talk radio hosts but i did not see how anyone in the state's republican party and deny they had an opp

host: keven cohn joining us from south carolina.ctions. he indicated he didn't think he would be a factor in 2010. what was your reaction to his response? guest: i disagreed with them. i still do. he said his political career -- in fact, the first time he use this " he was a month ago, he said, i am politically dead, i am a non-factor. i highly disagree. if i am a democratic strategist and i am running against the republican nominee, whoever the person is, i'm doing the same thing barack obama did in running against john mccain, which is run against george bush as much as you run against john mccain. i think they will show a republican, house controlled, senate controlled, and the governor's mansion all controlled by republicans and yet very little has gotten done in south carolina. we have 12% unemployment and it has been a real mess. i am a fairly conservative talk radio hosts but i did not see how anyone in the state's republican party and deny they had an opportunity being -- opportunity to do great things being in total control