you know almost by default let's talk about someone who loves the current says george soros he's he's been shown in the gann he's more than one billion in profit since november and now he set his sights on the british pound so what is he up to right now and should the bank of england be worried i'm i'm referring bouts of the black wednesday of one nine hundred ninety two he broke the by having learned so what's going on that i will see out say well you know he loves money but he hates the parent again. i mean i think what george soros is talking about is is symptomatic of the fears of many many investors out there that you know given that the budget in the u.k. is clearly not coming is not being reduced as is the chancellor george osborne would have liked even though inflation is running persistently high given that you know that seems to be little or no growth in the u.k. economy that sets a very very dangerous dynamic for the u.k. so why would you be holding. guilt why would you hear of investing in sterling at this point in time so yeah i mean i've been saying for a number of month

and i think what george soros is talking about is is symptomatic of the fears of many many investors out there that you know given that the budget in the u.k. is clearly not coming is not being reduced as is the chancellor george osborne would have liked even though inflation is running persistently high given that you know that seems to be little or no growth in the u.k. economy that's such a very very dangerous dynamic for the u.k. so why would you be holding. guilt why would you be the best against it at this point in time so yeah i mean i've been saying for a number of months now you know a lot of people have been very keen on sterling back in the last summer there are lot a lot of decisions out there that was reverse right and as you say you know everybody is short and to be honest with you with a credit rating downgrade likely i think next month. i think they're probably pushing on an open door. mara let's open the doors in the markets and have a look at u.s. stocks they aren't again aimed at the dow jones they're around the halls of percent in the same for the now so they're r

and they worked together very closely in connection with george soros and suddenly the records startt of get scrubbed clean of any association between president obama and sarah horowitz and winds up with 340 million dollars in loans so she can help service obamacare despite the fact her company is not well-respected from the look of it and its reviews in new york state. >> that's the personal relationship which was expunged after 1999. sarah horowitz and president obama, or then state senator obama were considered to be core members of this pressure group funded by george soros, after 1999 mr. obama's name was scrubbed from the record to eradicate a connection between the two. the connection was strongly there, and the two were considered core members of this organization set up by george soros. this is the left exercising, stressing influencing public policy on the use of george soros' money and community organization, that's the link. >> megyn: there's a question about why, why the feds would allow this group, miss horowitz's group to participate in obamacare, despite what-- you li

george soros making a billion-dollar winning bet against the yen, falling against the dollar. you're one of the most respected currency minds. we'd love to get your thoughts. how do you trade it now? is it too crowded, is there such a thing? is that trade done? >> i think that trade is done but i think we'll go over 100 by the end of the year and this could be a bigger deal in the longer term so the question is, how quickly do you want to get paid. the yen has moved more in the last three months than it did any other time in history except for 1995 and that was when it first hit 80. >> that's what scares you more than anything else, just the simple velocity of the move? not the changing of the fundamentals behind the move? >> i think the fundamentals are great for this move but it's gone too fast and i can get it cheaper in a month. >> soros, einhorn, lobe, baker like this trade a lot. what do you think? >> i think it's been a great trade, we've been talking off camera a little bit, japan now is the biggest buyer of treasury bills. the government will devaluate it. to your poi

allegedly been taking place there and we'll paste angio funded by one of america's richest men george soros has unveiled a report which claims to detail the operation of these so-called black sites we get live expert opinion shortly but first artie's got to just count has the details. this is a very comprehensive report prepared by the open society foundations not only do they detail torture techniques that were used at cia secret prisons overseas to so-called black sites but also give a list of countries that one way or another participated in cia secret detention and extraordinary rendition operations including by hosting cia prisons on their territories detaining interrogating torturing going to be using it to be jewels assisting in a tour in the capture and transport of detainees and so on so the list includes countries like afghanistan all australia canada denmark djibouti age of georgia germany syria turkey italy the united arab emirates. united the united kingdom yemen and other countries while president bush acknowledged that the cia had secretly detained about one hundred prisoners

late yesterday in a filing, billionaire hedge fund manager george soros disclosed selling about $100 million of its position in a gold exchange traded fund in the third quarter last year. four of the five most active traded exchange traded products were lower. the russell 2,000 tracking fund eeked out a small gain. and that's tonight's market focus. >> tom: yes, the u.s. stock market remains near five year highs but for real growth, tonight's market monitor is going overseas. marshall front is chairman and chief investment officer at front barnett associates. marshal, also great to see you. you manage millions of dollars, most unvested in u.s. stocks. what sets global opportunities apart from those domestic opportunities? >> i think you get some different kinds of diversification from it. i think in terms of global market being segmented into emerging markets and developed markets. in the emerging markes, the economies are likely to be growing at two or three time the growth arrest u.s. economy. and, hence, the opportunities this are really quite substantial, although everybody knows

have allegedly been taking place that the new york police funded by one of america's richest men george soros has unveiled a report which claims to detail the operation of these so-called black sites will not to or he's going to in washington what exactly are the allegations and what are they based on gonna but this is a very comprehensive report prepared by the open society foundation is not only do they detail torture techniques that were used at cia secret prisons overseas the so-called black sites but also give a list of countries that one way or another participated in cia secret detention and extraordinary rendition operations including by hosting cia prisons on their territories detaining interrogating torturing going to be using it if it draws assisting in a tour in the capture and transport of detainees and so on so the list includes countries like of ghana australia canada denmark djibouti age of georgia germany syria turkey italy the united arab emirates. united the united kingdom yemen and other countries so. while president bush acknowledged that the cia had secretly detained abo

earlier in my career i was a long time nonprofit lawyer, but also general counsel to the george soros foundation before becoming a professor. entry to the right you would have to say somewhat and for that is the director of the human rights arms division in new york. so i've got another career in nonprofit, but it won't background intersectional business part to sorts of things, language above development finance and international development issues. one of the things i enjoyed this a chance to read a chapter in a general tape that address specifically the development issues that many international relations scholars don't understand and are comfortable taking a, but very much areas have been involved with a long time. so do a lot of national security staff very much related to drones and targeted killings and counterterrorism in those kinds of things. on the other hand about the business and nonprofit background in these areas as well. currently my big fascination is robust. >> host: professor andersen, when you hear the term one world government, which you think? >> guest: i don't t

the man with the midas touch, george soros, the man who can turn anything to gold, he sold off 55%, otherlowing, gold prices hit the lowest level since august, silver prices down $0.46, kind of interesting, george soros with the precious metal has often been a leading indicator, not always the way you think. when he sold his silver shares before it top $50 the market did go down but he bought back in, the same situation with gold. last time he sold gold he got right back in. this might be a long-term buying opportunity but today the funds said jumping in a big way, they like stocks better than metals and that is the way it looks. back to you. sandra: thank you, phil flynn. it is time to make money with charles payne. fashion stock pick, apparel stores the gap. charles: i saw this a couple hours ago. wish i could have done the peas and then because gap store stock is exploding. what is happening is scuttlebutt that they may have been fired--hired investment bankers, a group interested in taking them over. is not unreasonable. volume was huge and twice the daily volume today. some people be

george soros, new secretary of state john kerry, and warren buffett, yes, the warren buffett rule.agenda coming up and also on the agenda, climate change and the carbon tax. yesterday the environmentalist made the claim that green energy is cheaper than coal and natural gas. really? we'll get the facts and a reaction to this after the break. >> clean energy, that's also available here in the the united states, that's coming in now cheaper than coal. cheap her than new gas, puts more people to work than dirty fuels like coal and gas. >> wait a minute, wait a minute, wait a minute. but that doesn't mean i don't want to make money. i love making money. i try to be smart with my investments. i also try to keep my costs down. what's your plan? ishares. low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. all you

governor are they this important question because george soros has come out in the said that the u.k. pound along with the japanese yen are incredibly overvalued he points to the u.k. having debt to g.d.p. inclusive of private debt and household debt and government debt of close to nine hundred percent debt to g.d.p. the pound is under attack and mark carney is being parachuted in presumably to what they say change the definition of inflation or to raise the inflation expectations so the meaning of life for mark carney apparently coming in is to get that money flowing even more spectacularly as it is now which would degrade life in the u.k. to to a greater degree isn't mark carney the poster child for a banking psychopath whether he's got a job that is doable or are you very much doubt and the whole system is set i mean heaven on earth oh we've got to repay this debt i. got no idea ok let's move on to a couple of solutions are you mentioned or things that should be looked at more closely one of the courses prop trading or proprietary trading give us a twenty second definition of prop

governor they this important question because george soros has come out in the said that the u.k. pound along with the japanese yen are incredibly overvalued he points to the u.k. having debt to g.d.p. inclusive of private debt and household debt and government debt of close to nine hundred percent debt to g.d.p. the pound is under attack and mark carney is being parachuted in presumably to what they say change the definition of inflation or to raise the inflation expectations so the meaning of life for mark carney apparently coming in is to get that money flowing even more spectacularly as it is now which would degrade life in the u.k. to to a greater degree isn't mark carney the poster child for a banking psychopath whether he's got a job that is doable i very much doubt and the whole system is set i mean heaven on earth oh we've got to repay this debt i've got no idea ok let's move on to a couple of solutions are you mention or things should be looked at more closely one is courses prop trading or proprietary trading give us a two. second definition of prop trading and then why

governor are they this important question because george soros has come out in the said that the u.k. pound along with the japanese yen are incredibly overvalued he points to the u.k. having debt to g.d.p. inclusive of private debt and household debt and government debt of close to nine hundred percent debt to g.d.p. the pound is under attack and mark carney is being parachuted in presumably to do what they say change the definition of inflation or to raise the inflation expectations of the meaning of life for mark carney apparently coming in is to get that money flowing even more spectacularly as it is now which would degrade life in the u.k. to to a greater degree isn't mark carney the poster child for a banking psychopath whether he's got a job that is doable or are you very much dad and the whole system is set i mean how on earth oh we're going to repay this debt i've got no idea ok let's move on to a couple of solutions mention i you. and or things should be looked at more closely one of the courses prop trading our proprietary trading gave us a twenty second definition of prop t

governor are they this important question because george soros has come out in the said that the u.k. pound along with the japanese yen are incredibly overvalued he points to the u.k. having debt to g.d.p. inclusive of private debt and household debt and government debt of close to nine hundred percent debt to g.d.p. the pound is under attack and mark carney is being parachuted in presumably to what they say change the definition of inflation or to raise the inflation expectations so the meaning of life for mark carney apparently coming in is to get that money flowing even more spectacularly as it is now which would degrade life in the u.k. too to a greater degree isn't mark carney the poster child for a banking cycle. path whether he's got a job that is doable or are you very much doubt and the whole system is set i mean how on earth oh we're going to repay this debt i've got no idea ok let's move on to a couple of solutions are you mention or things that should be looked at more closely one of the courses prop trading or proprietary trading give us a twenty second definition of prop

lou: my guest retired at the age of 37, he cofounded with george soros, a successful fun, he said ageatt wall street, is now over. tomorrow's economy he says will be driven by food, energy, good stuff, good to have you with us. jim rogers. >> people who make real things, miners, lumber jacks, farmers. lou: how do you sort it out with folks telling me it is is all about a knowledge economy, we have to be highly sophisticated and binary. >> you have been watching too much television. we had long periods when the financial types were in charge, followed by long periods when producers of real goods in charge, we're back to the real goods, we produced 200,000 mba's every year in 1958, 5,000. lou: you are drawing a core larry with our decline? >> absolutely, you know more people study public relations, and agriculture in america we have no farmers, this is the place to be, you should become a farmer. lou: i am a farmer still. and as i say, i work long and hard to get away from the farm and farming, my wife put me back on the farm. tell us what you think will be the direct. i knoi know you a

>> or what george soros has been saying. he's allegedly made nearly $1 billion shorting the japanese economy since november. also making money transacting on that. the yen has fallen around 17% against the dollar since the beginning of november. >> november. so if you had gotten basically into this trade when you saw that change of leadership during the election or in the aftermath, then you would have done quite well. >> he's gone short yen, long nikkei. because the nikkei is up by even 340r than the yen is weaker. >> i bet if you wanted to do that just on the nikkei, if you were an external investor so you have to do it through the currency. >> right. you could have just put it on a nikkei etf in your own local currency. >> now with the etf products, ross, that is so much easier to do. is that really a buy and hold? >> basically, i think the nikkei was up 17% in the fourth quarter alone. that loan again was made this year. >> they're on a leverage. keeping it easy that way. third point, by the way. >> 30%, 40% gain. >> and

george soros is out of tech and loaded hi position in the spider gold trust. paulson also saw his stakes, though, in etna and alpha natural. he's signaling he's really to start help put the company in play. the move puts him in direct competition with blackman. the two famously fought on cnbc last month when icahn called ackman a major lose r. korean airlines says it may bid for a 44% stake in czech airlines. a spoke person said it's conducting due diligence, but hasn't decided whether to do the deal alone or deal with a consortium. they're looking to sell the struggling airline over the next few months, probably in april or may. >>> still to come on the program, while the u.s. has seen anl n&a frenzy, what does it deal look like? analysis from hong kong in around 15 minutes time. angelo american swung to a net loss of $1.5 billion for 2012. that's compared to a net profit of 6 billion in the previous year, but underlying earnings beat forecasts as production rose across all key divisions except platinum and diamonds. the outgoing ceo cynthia carol said she wa

gold did fall to a six-month low after billionaire investor george soros, a long running supporter, chopped cutting holdings by a full half. that falling $29. bring in scott of trend to break down the trade. scott, one person, can indeed, move a market, can't they? >> i've been doing it long enough that in 1992, he took on the bank of england there and won. listen to what george does. however, what happened is folks got out in front of the trade because of the inflation trade, but that's not going to happen first. we have actual deflation first because of previous guests spoke about negative economic news here and in europe. that's the risk in the short term. yes, the long term, fed prints money, may have inflation because that's what they want. in the short term, i think the real worry is deflation. liz: okay. then what happens? you talk about deflation. we know what the fed is doing, and everybody talks, oh, inflation, we don't see either of it, really. >> no, we don't. we definitely see inflation. i don't see prices rising soon, and, ultimately, if we get in the mind set of depolice stat

. >> george soros was behind this, wasn't he? >> upon ascent, lose hydraulics. have a full tank of gas and we can't land, the plane is too heavy and it's dangerous to land with a full tank of gas. so we have to circle vegas for five hours without ability to control either the altitude or the sort of like the tilt. so the plane is like this for five hours. it turned into a vomitorium. it was a terrible experience. >> did you have talk to the news media about this per se? >> i may have. >> do we have that video maybe? >> and those souls were getting sick from the bobbing and weaving of the aircraft for three and a half hours. >> the little bags that are in the back of the seat were insufficient so they started handing out large heavy duty plastic bags. >> that's right before we started doing this show. >> yeah. it was -- and it was not three and a half hours. it was a full five. it was awful. not five days at sea but -- >> my nightmare is the plane actually crashing but -- >> but if it crashes you're good because you don't have to think about it anymore. >> except

the latest 13-f filings, green light capitol and george soros upped their stakes in apple. third point capital as we mentioned yesterday sold its entire apple stake a. a very mixed opinion what apple's future will be. liz: looks like the s&p may make green of it. it might slightly be to the upside here. david: good. liz: the borgata hotel and casino becoming the first in america to offer gambling from the tv in your hotel room. that's right. no need to get dressed up like a high roller. put on the robe an hang out in your room, living room. is that next? the borgata president and ceo will talk about that new opportunity. david: g20 leaders representing 90% of the world's gdp. they're meeting in moscow right now. there is a big spotlight on recent moves by japan which have driven the yen lower. will that lead to a currency war? is it brewing? is it ongoing as we speak? one that could rattle global markets. how do you make money that? we'll ask a big currency trader coming up. liz: we'll tell you what drove the markets in today's data download. it was a mixed week on wall str

your kwun tum fund with george soros back in 1937 delivered a 410% return.ou say it's possible. >> not for me. i'm not working that hard. if you work that hard and find something that's driven and ambitious and used a huge amount of leverage, can i do it? >> of course it can be gone. and you talk about that in the book. >> i did. >> you are mentioned mexico. >> the problem with mexico is oil is drying up and running out. yeah. they have had a wonderful time. they have a young population, and the mexican oil is drying up. that's how the government gets something like 40% of its money from oil, but it's drying up. here in the last days, maybe they will spend a lot of things and it will look great. i wouldn't put my opinion there to money. >> the best single best opportunity from jim rogers mind is now, forget about the bond market right now? >> whatever is strong. i guess i'd have to say right now. shorting bonds. >> why is russia so intriguing to you? >> it's a disaster. nobody likes russia. do you know anybody who can even small russia? most people can't sta

. >> speaking of that, reports out this morning that george soros had made $1 billion on his bet against the yen. he's done it again, rick. >> yeah. i think he's been watching cnbc, buddy. we've been talking about that trade since thanksgiving. >> hey, guys. one thing that's important to bring out. >> when we were on the air in davos, bill, he said that he believed in the japanese authorities to do what they are doing and basically predicted that the yen would keep going lower. >> once again, if you had watched cnbc. >> so he said it. >> what were you saying, sorry, kenny? >> i wanted to throw one other aspect out. you know, i don't think that it's in anyone's best interest to try to pick a top here, because it's really hard to do. you can look at price right now and say everything is acting as it should. the bakes are consistently making one and two-year highs, et cetera, but there will be a pullback. i think people need to steel their nerves. >> you're not putting any long positions on right now, are you? >> we're pretty long right now, so this is kind of a hot stove market. all i can

druckenmiller reportedly made $1 billion in a single day shorting the british pound while working with george sorosnd here to talk about the issues of the day, education reform jeff canada of the harlem children zone, a group focusing on underprivileged children and together with a former governor, penned a "wall street journal" op-ed saying "generational theft needs to be arrested." made the case that washington is crushing the next generation with its failure to get spending under control, and we're happy to have you both on the program. >> thanks, maria. stan, let me kick you off with you. you argue the often protected entitlement spending should be cut. why and what moved you to write this op-cincinnati red. >> what moved me to write the op-ed, i actually go back a long way on this issue. as you know, i managed money for 30 years, and i thought primarily money managers should manage money and not go on shows like this, frankly, but in '94 i came out when clinton and gingrich were doing their thing. frankly at the time i wanted to raise the age limit on social security and medicare recipients, a

glad to have them, and i think the other thing we have to be careful of is being, oh, well, that george soros and bill gates, they're so tied to big money. the fact is a lot of lives have been safed around -- saved around the world and in the developing world because of the work that those philanthropies have done despite the connections with anticipated money, despite their monopolies that make it harder for people to have white houses. let's have another round here. >> hi, i'm in professor rogers' class, and my question is more with regard to the city's ability to adjust and, um, deal with issues of ideology. because you speak very highly of its ability in pragmatic areas. um, as far as i can tell, the relationship between iran and israel much resembles the relationship between tel aviv and tehran. so while there are strong relations between certain cities, other cities have not crossed those boundaries. >> my name's tom murphy. what struck me was the phrase you trust in cities because they're unburdened with the issues of borders borders and sovereignty. while i'm not going to address myse

some of us put in an opinion long before citizens united, a case involving george soros. he had a book saying that things about president bush. they wanted to sue him. it was the three republicans who voted against him. it seems to me that was an attendant speech, not the sort of thing the law covered. re isoint i am making thei that one of the reasons we said we would not see him it is no more different than the media. when i was in private practice, i would deal with tv stations about tv advertising. they would like to say truth police and say your ad is not accurate. i would ask a simple question ended put them on their heels. how much time as a local news spend on your election? generally the answer is zero. there are not a lot of ways to get people to get their voice heard, unless they do it themselves through independent speech. the court recognizes that. if anyone has ideas how to get there that is constitutional, we are all yours -- ears. >> so i took your question to have two parts. you have an answer to the legal part. the two different answers. but i thought th

. >> muhtar, george soros talks about a currency war going on.us what the forex impax has been and what you expect it to be if you think currency wars are upon us? >> 2012 currency was a headwind. by the way, i may add also 2012, commodities were -- was also a headwind for us, so despite those two headwinds, again, we've been able to come out meeting and exceeding our long-term growth targets. as far as 2013 is concerned, we feel that commodities are going to be more benign and probably even for the year for us. >> muhtar, over the next five years, based on back of the envelope numbers, you've got to generate about even about 90 billion dollars, cap-ex about 15 billion to 20 billion. what are you going to do with allocation of that capital? and what is going to be in the product portfolio that's not there now? you've done a terrific job, what do we see over the next five years in your vision? >> well, we firstly will continue firstly to invest for growth. that is the absolute number one priority for us. of course, certainly in terms of we'll cont

george soros starts to beat the drum and go against the currency there.a lot of names simply aren't producing right now, and people are starting to shed. now that we've broken the 1500 level in the s&p, the question is do we close below it? do we continue there all day, or have a little rally in the second half where it would look a little more optimistic for friday? >> you think the point where the bears are handed the ball is 1500? >> psychologically, it's a nice number. really 1492 is kind of important for me from a technical level. if we can hold that for the rest of the afternoon, i think we're in good shape. if we start to break down over the second half, i'm concerned for friday and what comes over the weekend. >> it's not like we weren't handed any good news. a lot of these retailers beat handily in january, but there were weird calendar effects, and they're facing tougher comps as we get into the spring. the bulls haven't been able to use that as any leverage. >> use it as any leverage? remember we're up 5% on the year. a lot of that may have bee

i didn't -- i'm not even george soros. i think i could have figured that out six months ago.a little bit harder to figure out now or not? >> it is a little bit harder. a couple of weeks ago i tweeted out any time we hear the word currency wars it's a drinking game. i had a huge update from all my irish and british followers i think, because we're getting a little tired of 98 theme here. but it is very dominant theme. i think the europeans are clearly concerned at this point. we saw very weak numbers yesterday out of gdp. and exports will definitely be affected if the euro goes higher. they're kind of trapped. they can't honestly say we want to lower europe but they're very much cautious about trying to contain the market and push the euro down. that's why euro is still very much a sell in the rallies. it needs to be weaker for the eurozone to recover using exports. >> kind of interesting, because you know, there are people, boris, that no matter what they want king dollar and they think that's the answer to everything. to some extent i understand that because it represents ou