neil: george soros and charlie gasparino are going out to dinner tonight.laughter] not quite as something he is saying that it -- the panelists agree the war on drugs is a failure and it is time to change things around. the heritage foundation in chief economist and author his book is also on amazon .com. >> you did not mention its. [laughter] neil: what do you make of what he says? bernanke has been saying this for many years one of the few issues i would agree. we have seen this happen in colorado. and now selling it in drug stores and it will happen all over the country. >> that it is all a waste of money. >> but talking about the soft drones i would be tougher on heroin those of our super addictive but when it comes to pot he will see a wave of states. >> i will say that george soros is late to the party. >> and milton friedman to talk about legalizing drugs that we put kids in jail for selling crack. >> 20 years ago 3 percent of those incarcerated individuals. >> i know somebody that has spent a few years in jail. [laughter] >> working for the former e

george soros base a lot of taxes .the donations from the hedge fund industry, keep the capital gains rate lower. it also keeps the interest the way they are paid at a lower rate than most people. neil: would argue saying? >> money disrupts. obama is very gentle. she raised a lot of money. so it's not as obvious. >> opposed to big government and for free enterprise. >> that is what the irs does. neil: republicans should be aware that money as i get you what you want. you reminded me the democrats actually raise more of it, the koch brothers notwithstanding. what are republicans than going to do work counter that were counter the impression that there money is always evil? they have to deal with that bad pr. >> well, that is a branding problem. the gop has sat in general of. and i think that looking further down the line you're actually going to seek billionaire supporting, it has gone out of hand. i think further down the line you will see maybe even regulations on this because it has gotten to be where you have the bil

george soros sits on the board of the organization.u served in three administrations and have looked at this issue and studied it and administered larger agencies to deal with it. what about the argument? we have all these drug problems, traffickers are coming in. what's the harm if we legalize it, keep it away from the kids, but maybe we can get tax money off it. this is what colorado is trying, it's a great success with pot. >> it would be more impressive if they had the facts straight. drug use has gone down in the country when we have had national leadership. we served in the reagan administration, i served in both bush administrations, drug use went down. it's lower than other substances. >> it's stigmatized in society. in pockets, the use is prevalent and damaging. >> there's too many drug users. most americans have family members involved in drugs. no family i know of wants more drugs. if george soros wants to do experiments, it would be horrifying to give his children. >> mr. soros is a globalist, a billionaire. he bet a lot of

go after the coat brothers then michael bloomberg over george soros. one should not be held above or below the other. inseams the left is for citizens united against the koch brothers not the other way around it. >>. [laughter] what exactly. they have an agenda as long as you will go along with their agenda they are for you but if you have success then they will do whatever they can to undermine that to attack and trashed those people who put up there are millions of dollars to push their agenda. neil: have that it. praise one, praised them all and if divorce is the view then praise everyone good or bad. >> it is dishonorable for everybody. neil: exactly. former house majority leader tom delay. also known as the hammer. see all these deals lately closing on $200 billion. what is going on? they are smart. wire their rushing to the altar? peace of mind is important when you're running a successful business. so we provide it services you can rely on. with centurylink as your trusted it partner, you'll experience reliable uptime for the network and service

josh, seems to me the right got a lot out of the george soros years and has done a 180. maybe we both have done a 180 about that. >> i don't recall a lot of people calling for legislation or constitutional amendments to interfere with what george was doing, they wanted to shame him. people on the right have been generally consistent in opposition to campaign finance regulation. >> what do you think about the constitutional amendment. >> i think it is a bad idea, shouldn't have restrictions on speech, campaigning is speech. >> why is it speech? >> the distinction people try to draw between money and speech are strange. what are we doing now. msnbc is a corporation, paying you and me to sit here, talk about this. the process of getting this into people's homes is expensive. money is an essential part of dissemination of speech. >> essential part is different and separable. i want to play former justice john paul stevens, making precisely the distinction that he made in his dissent. excellent one i might add. >> while money is used to finance speech, money is not speech. sp

george soros and warren buffett have trimmed their stakes in the automaker.nwhile, leon cooperman, david einhorn have completely divested of that particular name. this is all at the end of last quarter. now, meanwhile, appaloosa's david tepper is actually adding to that gm position. then, there's a name that's really getting at least a lot of whales are getting into this one. we'll put it that way. that's telecom giant verizon. if you look at warren buffett, take a look there. berkshire hathaway has taken a new 11 million share position. john paulson, also an 8.7 million share position in this stock, and then dan loeb at thirdpoint, put on a 3.5 million share position, all in verizon. on the other side, yes, david tepper's there, as well. he got rid of about 400,000 shares of verizon. so obviously, trades happen, everybody's got a different view. but for right now, scott, it looks like verizon and gm have a good amount of traffic going at least one way, for verizon a buy, and for gm it looks like a sell. back over to you. >> okay, dom, thank you so much. >>>

state department, george soros and some pro-isreal lobby groups. freedom house is not alone. the paris-based reporters without borders ranks turkey 154th to the 180 countries it lists on the press freedom rankings describing turkey as one of the world's biggest prisons for journalists saying 2014 is likely to be a decisivive year in turkey. >> there is a new award. you have heard of the pull it'sers and the memmies. how about the kremlins. you have to be russian and loyal to moscow's narrative on ukraine. on may 5th, the veda mosti said putin issued a decree last month with the awarding of the fairyland medal to more than 300 russian editors, four of the articles said their high-level professionalism and objective coverage of events in crimea. poopt's spokesman confirmed it to the moscow times but refused to add details. among those honored, russia today's chief editor simyonyan who at the height of the crisis tweeted ukraine rest in peace. >> and on television saying russia is the only country in the world that is realistically capable of turning the u.s. into radioactive as

what they've become with the democrats is sort of in a lot of ways what george soros was for republicansn 2004. the focus of sort of the democrats' hour when it comes to campaign spending. take a listen. >> they're doing this to promote issues that make themselves even richer. $100 billion is not enough for the koch brothers. no other individuals are recreated the role of a national political party. that is what they're doing. they're recreating the republican party. >> aside from the political context of that, would it be fair to say that they in a way are sort of recreating the modern republican party? >> i think so. i think, you know, i see them building a forest that can stand apart from the parties, but influence them, and they've been very successful as have other political entrepreneurs and bring the gop particularly over to their way of thinking. they've become sort of important stars, centers of gravity within the republican coalition instead of a force sort of outside of it, and that is also like it turns out that that's actually an effective way to advance your views. you can

there are people like george soros who has done really innovative work.get to meet the scientists working on this stuff. maybe the most amazing are the people out in the field who spend big parts of their life in africa taking these tools that we help back and making sure they get out there. >> also, you have to separate peoples' political interest from their willingness to help. there are some -- soros is clearly a liberal, i think is a fair way to say it. but the koch brothers are clearly conservative but they give enormous amounts of money to hospitals. >> and you say give them credit for that. >> yes. you don't have to agree with everythinge everybody does. i don't know if i agree with either side, but i think they all deserve credit. there are also a lot of people who aren't billionaires, who aren't even millionaires who write small checks or give their time. they work and lobby their elected officials to take government money and try to improve the health of everybody. they deserve an enormous amount of credit as well. >> anybody that feeds in to wh

it is amazing how, for years, george soros has been spending millions of dollars to promote liberal and progressive, -- causes. none of my friends on the other side of the aisle seem to be concerned about it. now that the koch family is spending money to promote free market and private enterprise we are supposed to believe our free market is at risk. that is absurd. corporate spending is supposed to be a concern that corporations have long exercised unfettered right to express themselves. provided they were media corporations. i am pleased to say that the citizens united case changed that. the supreme court recognized the first amendment does not allow this congress to choose who gets to speak and properly ended this nonsensical distinction with the only consequence being that now more voices are heard. i no -- i no there are some in this body who do not want those voices to be heard, and they are doing everything they can to silence them. our majority leader, unfortunate , who has a fixation with the koch family that can only be described as this art takes to the floor and in almost da

>> the fact that you could get the likes of george soros, david david kochstuart -- wart, three men whoave nothing in common all came together because this is important to remember and remember in the right way. >> michael bloomberg is the head of the parent company of this network. bloomberg television is on the markets. here is julie hyman. good afternoon. >> thing so much. -- thanks so much. we are seeing markets pullback. the fall this morning was sparked by a worse than expected industrial report. we are seeing a pattern we have seen in recent days. technology shares and small-cap stocks are leading the declines we are seeing. in terms of individual movers we are watching, take a look. shares of gentiva health services are soaring. healthcare made an unsolicited offer to buy the company. shares are trading up. shares of chipotle are down. are examining the executive pay plan. only 23% of shareholders voted in favor of the plan, which was beauteous to generous by those who voted against. we are on the markets again in 30 minutes. more bottom line after the break. ♪ >> welcome back t

. >> sobering words george soros. >> next, my advice to young people. forget what president obama recently said over a liberal's education. if you need to succeed in today's world you need to know how to write, speak and think. are the largest targets in the world, for every hacker, crook and nuisance in the world. but systems policed by hp's cyber security team are constantly monitored for threats. outside and in. that's why hp reports and helps neutralize more intrusions than anyone... in the world. if hp security solutions can help keep the world's largest organizations safe, they can keep yours safe, too. make it matter. when folks think about wthey think salmon and energy. but the energy bp produces up here creates something else as well: jobs all over america. engineering and innovation jobs. advanced safety systems & technology. shipping and manufacturing. across the united states, bp supports more than a quarter million jobs. when we set up operation in one part of the country, people in other parts go to work. that's not a coincidence. it's one

george soros, may be dubbed a new word, maybe that is how we will all get to know this people.ying to make ends meet before the next paycheck comes. neil: is it good or bad to have these big-money types sort of pick and chosen by the media type. they are now deemed a threat, not so much the michael bloomberg's. it is the picking and choosing part comedy harry reid, that seems not so fair and balanced. >> it is not the media targeting the koch brothers. atlanta media, but the american people. you can advocate for those positions and it is not the government's role to target and demonize you for having those opinions. the matter whether you're worth a dollar or $2 million, this notion harry reid calling out and targeting innocent americans for voicing their political beliefs should be chilling to all of us. >> i disagree with senator reid when he says the koch brothers are doing this to make themselves richer. they're doing it because they have a political point of view i profoundly disagree with. i think there is some mistake there. but keep one thing in mind, they have been inc

how about george soros?appy to take millions of dollars from some of the wealthiest americans as long as they're from their own party, and that is not issue. >> the fact checker says it wasn't true they were causing climate change but they are, he did say it was fair to say they're one of the top contributors because oil and gas and coal do contribute to climate change. >> you know what kind of mystifies me in this whole thing? democrats and harry reid has an argument for fixing climate change, that is different type of argument than blaming someone. >> yeah. >> i don't get the indication from what he is saying that his goal here is to repair the problem. you might want to call it something other than global warming which sounds like -- >> obviously isn't this a little bit about the what the koch brothers do in terms of their political activism? i think this isn't necessarily even about climate change per se. what they're spending their money on. >> nothing to do with climate change. and everything to do wit

but what makes them worse than, say, sheldon adelson or michael bloomberg or george soros or or tom sires. there's a lot of people throwing money at this campaign. >> these are the two richest people in the world. that's their goal here is to add zeros to their billions. >> you don't think that's the case with addel san? he spent a hundred billion. >> i know sheldon adelson. he's not in it to make money. he has certain ideological views. now adelson, social views are in keeping with the democrats on choice and all kinds of things. he had a beef with organized labor a few years ago and he previously was a democrat. so sheldon adelson, don't pick on him. he's not in it to make money. the koch brothers are in this -- >> you believe they're in this for personal profit? >> yes, yes. i've talked about it, i've used their name on the floor for a long time. university of massachusetts determined they're one of the worst polluters in america. they pollute more than exxon, johnson electric, dow chemical and on and on. they are in it to make money. anything that affects their bottom line, they oppos

george soros cut his stake on gm as well. what do you think? >> this is company should have failed. it is a failed culture. it didn't work. taxpayers had not bailed it out it wouldn't exist today. melissa: ten per is a smart guy. -- tepper is a smart guy. upping the anteon gm. >> they have another recall on top of earlier one, you wonder how far the quality problem goes. melissa: you hate gn. >> i don't like gm at all. i don't like what they did with gm from the beginning. i still think it is dead in the water. you can add to investment like that or increase it but hedge fund managers are not always exact on every investment and we don't know when they will unload it. melissa: no, that's true. is jcpenney back from the brink following its first sales gain in three years. james, is jcpenney back from the brink? >> it is still losing money. melissa: investors weren't today. the investors are happy. they were up 13%. they like that. >> but you're back to the strategy that they didn't think was working before they went for the strategy that was even worse. i don't know how you get to op

the european union has no idea what it's doing i think he does know what it's doing last month george soros wrote an article in the new york review of books saying the objective is to encourage the companies in the ukraine that is the kleptocrats to sell out to their european partners to take the euro per european partners in so and then have the i.m.f. come in impose austerity for the population and squeeze out more of a surplus for the foreign investors. the white house is considering doing away with a four decade old law that bans the sale of the export of american oil abroad ideas being floated because of a tremendous a pious course by fracking that says he's gonna change again reports of the competition it's not what he used to be. three years after the civil war broke out in libya the country's oil infrastructure is in disarray the country is awash with weapons heavily armed militias are invading oil fields seizing major all ports locals are blockading facilities demanding jobs libya's oil production plummeted from one point four million barrels a day in twenty eleven to one hundred f

the symbol is agro i understand george soros owns about 20% of the it. why do you like it? >> yeah, we've been invested in this stock for some time. we look for inefficiencies and arbitrages with the equities markets. agro is listed on new york stock exchange which is really a south american concern which results not a lot of people paying attention to it given limits of their investment mandate. this company fundamentally is two pieces of business. it is ethanol processing business and agricultural concern with quite a bit of farmland in south america. if you value the ethanol business with a reasonable multiple you buy the agricultural land at $550 an acre. this is extremely good quality land next to water an infrastructure. compare that to good iowa farmland that goes for $6,000 an acre. liz: can i bring in bill baruch, because you're in the heart of chicago. grains have fallen more than 1% from everything down from corn and wheats down. soybeans a are down. looks like oats with a move to the upside. everyone talks about the great rotation out of different kind of commod

george soros making some big moves on the big cap banks in his latest 13f filing announcing he's dig solssolved his stakes jpmorgan, citigroup, bank of america. >> i own all three. i'd rather he were buying it than selling it but that doesn't change the fundamental thesis why i own it, u.s. recovery. cheap valuations here and a couple different stories with hair on it. citi has theirs and now bank of america with their $4 billion capital error but i think those are temporary phenomenon and the pe reflects it. >> do you agree with karen? >> i want to add one thing. part of our business is pattern recognition whether it's talking about testing levels on the s&p 500 or individual stocks. jpmorgan gave us a great pattern with the london whale trade or whatever you want to call it. the stock went way down and it was temporary, a tempest in a teapot, stocks back up. same thing with citigroup on this $400 million thing. they will chop a few heads but the stock is down at least in part because of that. yes, the fed is on their case but they will get through this. it's dirt cheap and i think

trying to sanction david koch and george soro soros, and hoping that the united states would go a different many people have said that unless the sanctions are sectorial which involves pain for us, and pain for europe, russia will not take them seriously. and so it is the question of trying to deter russia on the cheap or trying to do something on the much more consequential and substantial and that is the gap between merkel and obama. >> or do you have to wait for the situation to evolve further, because we have seen what is happening in the last 24 hours or so, and government troops with a siege there with reports of people dead, and two helicopter gunships shot down by the rebels with surface-to-air missiles, and how volatile is the situation on the ground? >> well, state a fact. russia has invaded ukraineb and they have special unit forces destabilizing ukraine, and those things are fact, and it is not the full-scale invasion that plays well for tv, but it is a situation in which ukraine is in a vice, and it is going to be in a vice for a long time. and one of the things that i'm hoping

next up, george soros made an interesting theme attic trade in large cap financials.oup, bank of america, jpmorgan chase. he got rid of those from his portfolio. and omega advisers has been performing well. this time around he made interesting trades. one of which is dollar general. and ebay. he got completely out of t-mobile usa which is still in the headlines and news for possible deal discussions with sprint. maybe not. interesting themes developing. next hour, guys, we will bring you some of the more interesting themes. >> normally dollar general is not what you buy when you think the economy is going into high gear. who knows in there may be other reasons why he is looking at other things. normally you wouldn't. those do well low end when money is a little bit tight. >> the market has been all over the place. >> let's go back. someone worked really hard on this. let's talk more about the 10-year yield and yesterday's selloff with our guest host mark okada. >> i'm chief investment officer of highland capital management. >> how much do you have? >> 19 billion. >> h

doesn't make his money back dr george soros just sees his taxes go up and he's also working towards policies that would hurt its economic standing which is nice to drive to which is anger a company tries to bankrupt companies here he didn't you know he made his money by bankruptcy entirely exactly so it's more i think people the financial interest people in power. to certain way regardless of their underage underlying idiology people want to hold on to their money and hold on to power and i think that's just how people act across the political spectrum in this case it's interesting not interesting but the koch brothers do seem to be getting more into some of the state issues than they had been for a long time and i think you see whether it's good and bad the state's been laboratories but as far as the specific. as this you know i think that what's going to happen here again the g.o.p. the main problem the g.o.p. has not the koch brothers but the g.o.p. going kind of back to that theme is looking to be very harsh looking to be as they don't care as people about these situations. it w

when it comes to their billionaires', george soros and this guy they don't mind them spending unlimitedrming agenda and try to kill manufacturing jobs in this country, killed the coal industry in this country, kill all the energy that is not produced by wind and solar power. the problem is is increasing energy costs for families, hard-working taxpayers are suffering under these radical regulations and they have their billionaires out there trying to promote that message and get involved in political campaigns. that is free speech but they ought to be honest and stop attacking americans on the other side that are trying to promote things that will create jobs. stuart: the irs etc. overseas. today going to coopers town to promote tourism, two fund raisers held tonight, what is your take on what the president is doing at this moment in time? >> it says a lot about the president's misplaced priorities, the fact he is spending more time trying to reduce lines at airports than reduce the waiting lines at our va hospitals, you literally have a scandal brewing where it has been exposed that vet

past harry reid's understanding if he could do such a thing he would clamp down on tom stier and george sorosthe same thing, right? >> democrats prospered under old regime under more regulated financing scheme in which unions, especially government worker unions, were the cloudiest of the cloudiest because what they did was sanctioned and condoned by the laws passed by congress whereas somebody like charles koch or david koch, wanting to say, this is what i would think is true, i would like to spend a million dollars to tell voters of arkansas, it is true, that was illegal. with those rules back in place it, would actually advantage democrats pretty substantially. martha: look at one more full screen quote here from harry reid that describes his position on this matter. and there it is. he says it too bad they're trying to buy america. time the american people spoke out against terrible dishonesty of these two brothers who are about as un-american, he goes on to say that anyone i can imagine. why, why are they so -- obviously republicans want to take the senate. is that it? is that the extent

do >> i also got the george soros photo once.y to do that and i am always not up people can identify with. teefour. >> . . if washington wanted to be a dictator, washington would have been a dictator. and you look all over the world after these so-called democratic revolutions, you look at castro, you look at these other places, zimbabwe and so forth, that's what these men did, they became dictators. washington was not only a brilliant general who helped lead the revolution against all odds and win, he was a brilliant statesman. and while the framers were united in their desire for liberty and representative government, there were a lot of opinions on how to get there. and washington knew that he could push it one way or another, and he understood that he needed to be sort of the invisible hand behind the process. i mean, the fact that he agreed to even go to the constitutional convention, he had to think about that. he decided he'd go. he wanted to go back to mount vernon. that's where he wanted to stay. but he cared about his c

during the bush years george soros and obama years two brothers from wichita, kansas charles and davidt the president's re-election so great direct replies from obama's campaign like this one from may 2012. >> you may have heard of the koch brothers. they are backing mitt romney. pretty simple reason for this. president obama would take away billions of dollars in unnecessary oil taxes breaks. these 'what it takes to tear down the president and say anything. >> as "the new york times" documented david koch was libertarian party's 1980 vice president nominee. and charles ran a major and ubiquitous force in american politics. politico says the koch brothers intend to spend more than 225 million this year to get their candidates elected which is more than they spent the last campaign cycle. they host conclaves presented by supreme court justices scalia and connors. a stand was taken this week to help the bankrupt effort of detroit lobbying state lawmakers to prevent michigan from providing 195 million in aid. the kind of interference and heavy spending led democratic leaders to want to ma

spend it, whether on the left or right -- the laws we are proposing affect the koch brothers and george soros. and should. legislationnow could bring disclosure, but will not stop the path mccutchen is on -- democrats are going to vote this year on the constitutional amendment which would allow congress to make laws to deal with the balance between a quality -- equal, each person is equal. a careful balance. not what five members of the supreme court have said. that amendment to the floor shortly. we will vote on it. i will be working with senators and harry reid and hopefully every republican who carries about elections. when the supreme court or any of my colleagues say that the koch brothers rights are being deprived, they are not being heard -- it defies common sense. it defies logic. the same would apply to some very liberal person who put out 10,000 ads. the ability to be heard is d ifferent than the ability to drown out every other point of view using modern technology. simply because you have a lot more money than somebody else who has an equally valid view. so, i hope that senator ud