i'm david gora. been a challenging day of the markets and investors mentioned that they would be closing their micro-fund. we willined now and play market meteorologist now. give us a sense of the weather with hedge funds. this is a very challenging time. >> it has been a challenging time for any investments dreaded g. tohas been very difficult post positive returns on the year. we have had the macro driving the micro and a lot of events driving the headlines and that takes away from cash flows and underlying strategies, but it is important to remember that hedge funds are a broad category and what we are seeing is the nondirectional hedge fund strategies are faring pretty well. david: let me ask you about this as we approach the end of the near -- the year. >> what we have to keep in mind create people can different portfolios that have different types of market sensitivity and right now what we are seeing is an outperformance on the hedge funds that have less sensitivity to the market. i think it i

. >> it turns out the driver, joseph gora iii has driven for at least five miles without brakes.g and driving with a suspended license. >> that's as high of a charge we could come up with. >> the biggest surprise? he passes every sobriety test he's given. >> luckily in his state he didn't cause injuries. the only injury he probably caused was to his feet. >> the driver speed pleads not guilty to the charges and whatever joseph gora was thinking that day will just have to remain a mystery. >> after all the tests were over, he was in his right mind, it's just that his mind wasn't right. unfortunately, we don't have that law in driving while stupid. if we did, there would be a lot more people arrested. >> and we'd need a lot more jail space. i'd like to see the dash cam video for those arrests. i'm contessa brewer, that's all for this edition of "caught on camera." >>> out of the blue one day you have a collect from an inmate at sing sing correctional facility. okay. >> do you think the system works and we're going to beat this. we didn't. >> he's become my brother. >> i want to see

i am david gora. fargo ceo, find out what the ceo of the largest bank by market cap thinks about the state of the global economy, and sales of valeant are tanking. research says they are using phantom pharmacies to drum up sales. they were making a comeback report isng citron's wrong, and fiat chrysler sells part of its ownership stake. let's go over to the market desk, where julie hyman has the latest. seen stocks go higher, just as valeant

i'm david gora.n to the tent situation syria where the russian military continues to construct -- continues to conduct airstrikes. the british premise or says it's not helping the fight against terrorism. mr. cameron: the tragedy is most of the russian airstrikes have that imparts of syria not l, but by othersi opponents of the regime. so they are backing the butcher, i thought, which is a terrible mistake for them and the world. it is going to make the region more unstable. david: joining us now is nicholas burns, the former u.s. ambassador to nato. what approach do you think the u.s. should be taking in light of what we have seen russia do in the last few days? burns: the u.s. has to decide how it's going to respond to this major russian strategic move over the last week. the russians have completely repositioned themselves in syria and built up their military apparatus. they have lighter aircraft and they are conducting major bombing campaigns against groups that are friendly to the united states,

i am david gora. mark crumpton is standing by with news. mark: it is a job he did not want. content being chairman of the house ways and means committee and representing wisconsin's first congressional district. but today as newly elected speaker, he finds himself third in line to the presidency and first in line to stop the partisan chaos paralyzing the institution. speaker ryan: it is not until you hold this gavel, stand in this spot, look out and see all 435 members of this house, as it all of america is sitting right in front of you. it is not until then that you feel it. the weight of responsibility, the gravity of the moment. mark: his election to the post was preceded by a farewell address from retiring speaker john boehner, who said he leaves congress "with no regrets and no burdens." a military judge says a guantanamo bay detainee charged in the 9/11 terrorist attacks cannot fire his lead defense attorney. the ruling was made at a pretrial hearing in cuba for one of five men it accused of planning and aiding the attacks. the judge said firing the attorney would have

i am david gora. and the wells fargo ceo, find out what the ceo of the largest bank by market cap thinks about the state of the global economy, and sales of valeant are tanking. research says they are using phantom pharmacies to drum up sales. they were making a comeback report isng citron's wrong, and fiat chrysler sells part of its ownership stake. let's go over to the market desk, where julie hyman has the latest. seen stocks go higher, just as valeant went higher, as well, and the latest is that bill ackman has confirmed that he has added 2 million shares of valeant shares, buying those shares as we saw them tumble, with him saying in an e-mail he has not sold one share of this company, and by the way, his top holding, 2 million share addition, would make him the second largest shareholder. as david just mentioned, the shares are tumbling after a report from citron compare the company to enron, saying they were essentially looking sales to an affiliate of themselves as says revenue, and valeant th

i'm david gora. yum brands is splitting into. the fast food company is spinning off one of the most valuable parts of its business. starting salaries for nba graduates are higher than ever. after graduation, women are still earnss tn men. approval fast-track for a cancer drug it's working on with pfizer. the company's ceo joins us with a look at what else is in the pipeline. but first, let's head to the market desk with bloomberg julie hyman. stocks and now tolerated a little to the downside, averages and the rent a little more significantly, particularly the nasdaq. .75%. it seems like biotech. we saw a bit of a mixed picture with green and red evenly split on screen. telecom stocks doing the best after verizon earnings. but health care and technology both teaming up to be the biggest drags on the major averages. health care is down more than double the decline we are seeing intact. take a look at the nasdaq biotech. there's so much vitality within biotech. it's down -- volatility within biotech. horizon pharmaceuticals and afte

i'm david gora. apple and dissipation. how many iphones to the company sell less quarter, and as that company matter? hit in theother big pipeline to keep the momentum going. to raiseis looking some cash. sell millions of barrels of oil from the strategic petroleum reserve. we had to the markets desk where julie hyman a standing by. julie: ibm saying it learned the extremities -- securities and wasange commission investigating his transactions. ibm says it is cooperating in this matter. you can see the shares taking a lead lower. they were already lower on the session, falling further on these headlights is coming out. ibm said it was authorizing additional $4 billion for a buyback program. that's not helping the stock right now. i want to check on late breaking news coming out on starwood hotels. planning tos are bid on starwood hotels. chinese firms seen bidding on star wars hotels -- starwood hotels. seeing a big stock reaction, shares up by 5%, surging as these headlines are coming out. overall, not seeing much buying

i am david gora. albertsons calls off its ipo.nomy is performing well, but the latest economic data could have fed chair janet yellen have second thoughts about a rate hike later next year. first, let's head to the market desk with bloomberg's julie hyman. yeah, the highs of the session are gaining steam throughout the day. the s&p and the nasdaq are now

joining me, david gora, who recently spent time with the breeders' cup ceo.s is a relatively young race. those races have been going on for decades and decades. this started in 1984. this is the first time in history that the triple crown winner could you. but the excitement for american pharoah has only gotten greater as time has come by. and this is his last race, so there is excitement there. numeric in pharaoh has won $5 million in his career, but this is $5 million itself. -- american pharoah has one $5 million in his career. david: the economy is so fascinating. yes, you make money as a racehorse, but it's really the retirement career where there is more money to be gained. after this race we will see ked acan pharoah truc couple miles away where he will be a stud horse for many years in the amount of money that he can make -- it could be hundreds of thousands of dollars each time he made with a horse. that stands to make hundreds of millions more. betty: did you meet american pharoah? david: i did not. i've met the guy who owns his father. that course

i'm david gora. apple and dissipation.he company sell less quarter, and as that company matter? hit in theother big pipeline to keep the momentum going. to raiseis looking some cash. sell millions of barrels of oil from the strategic petroleum reserve. we had to the markets desk where julie hyman a standing by. julie: ibm saying it learned the extremities -- securities and aschange commission

i'm david gora. yum brands is splitting into. is spinning off one of the most valuable parts of its business. starting salaries for nba graduates are higher than ever. after graduation, women are still earnss tn men. approval fast-track for a cancer drug it's working on with pfizer. the company's ceo joins us with a look at what else is in the pipeline. but first, let's head to the market desk with bloomberg julie hyman. stocks and now tolerated a little to the downside, averages and the rent a little more significantly, particularly the nasdaq.

david gora has more. david: after a guilty pleading, executors are looking for a sentence for dennis hastert as part of a plea deal. court ind in his -- in his first appearance since june. he's accused of pain as $3.5 billion to someone referred to as individual a to hide misconduct dating back to his time as a high school coach. republican presidential candidates will gather in colorado for their third debate, the first debate since ben donald trump past in the polls and a sweeping readjustment by jeb bush. the export/import bank might get a new lease on life. both parties are back in the house to reauthorize the charter. cronyvatives who call it capitalism let it expire. the bill's fate in the senate is uncertain. officials are thinking of building a barrier on the border with slovenia and slovenia's prime minister says a fence will be built along its croatian border if crowds are not stopped. new spotsre seeking when there was a barrier between hunger -- hungry and syria. you can find the latest on blo