global economic environment for more on this discovery led to cross live to aunt chris bond and john paulson and doubles. jacqui know that wednesday is a fast day of the floor on the what's on the agenda and how closely at delegates expected to stick to that was very much being down to business today was forty c day session on china this morning on the pace of structural reforms. with no moving into a session on india. the pier where they can get in free stuff is faltering economy and then japan traditions i ave is it today to try and spell out exactly what is a bit no mix and canned heat. i can't really get to pad out of decades of economic stagnation. but on the sidelines exactly off the official agenda all of the pulpits on iran and syria iran's president has some rough on the easier of course i doubt many of the people who are attending the peace talks will be coming here such as the secretary of state for the us john kerry and does a lot of speculation about whether john kerry and his son ron hardy will meet e a place to place on the sidelines of the meeting the state department and the

john paulson had a great did back before the mortgage meltdown.on it back in 2007, made up 15 lien dollars, had a rough couple of years, and then have slowly been coming back. in 2013 he built rental firms that built financial firms and then some hotel companies. >> you don't normally think of him as a good hedge fund for 2013 because his gold that -- he is the largest shareholder >> a lot of exposure there. >> not all bad news for him. this is what you want to talk about? >> i want to talk about the hedge fund for the year. we just got some breaking headlines. today arguingng scp steve:'s sep count -- testimony would help the case. he lost the bid to then greed from the trial. eight individual to be charged with insider trading. they had some never disclosed footage of stephen cohen. when you're in possession of nonmaterial public information that you're not allowed to trade, security? >> that is not the way it is explain to me. the way i understand the law is it is very vague come a so it is an interpretation of the law. >> that's pretty wild be

john paulson was clearly a standout.e took a beating with golden and some other investments early in the year. but finished .13 with a 63% gain for his recovery fund. stocks doubled, clearly playing a role here. lags thege hedge fund s&p by 23% this year. >> thank you very much. sue joining us with some of the standouts from last year in the hedge fund industry. we bring in bob rice, managing power -- managing partner at tangent capital partners i knew you were going to cringe when we compared a basket of hedge funds. i could hear the groan. you always tell me you are not taking your average date to the prom, you are taking your date. >> for a couple of reasons. dispersion is huge in management performance. there are j norman us number of bad hedge fund managers out there. sayould us -- some would too many. >> i will say that. there are way too many. much more portly, from a conceptual standpoint, most of these categories are not designed to beat the s&p. is it surprising that they don't? they are not trying to. the main

georger john paulson and soros got out. >> ring the bell. hello. this is a big call the kel out -- came out of citibank. you have to sell the euro. right now, the euro is 1.3591. .ou are going to go to europe >> indeed, i will be in. close in three weeks. lucky me. >> i tell you what. we are going to our lead right now. it is a big day for boeing. to be voting for a third time on a new contract that would enable production on the 777. that would begin next year in washington. if they say yes, they will get a bonus and a contract extension. , boeing willo likely move production to another state and washington will face a credit ratings downgrade. that is how big the stakes are. this is the third time union workers are coming together trying to vote on this thing. why is it so hard to get this done? >> when you talk about workers, a large percent are getting close to retirement. they don't want to make any changes. the younger workers see more jobs for the future. it is an intrigue union issue. -- interest-union issue. the airplane is going to get bu

john paulson was a one-hit wonder. he bit -- he hit so big on subprime.s the third-best performer in his recovery strategy why? -- recovery strategy. why? he bet on blackstone. two years ago, people were laughing at him. >> and if you were in gold, it is down. thee did talk about incredible salaries that bankers make and how they always argue that you have to pay people that are going after hedge funds. i wonder if people might start coming back to the bank, because at least you know you will get a guaranteed income. >> a job at a bank is a much more secure position. you'll get a big payout at a hedge fund. i'm going to show up and get a 17% payout. but if you do not perform at the end of that month, a secretary you've never met before will show up at your desk with an empty box and say, "there's the door." they had a big year at the bank. >> they did, relative to payouts and so forth, but they delivered. they had great performance. some of the hedge funds made some big bets and lost. again, if you think about the m&a market,-- the and some of the ipos, t

steve paulson will tell us what kind of weather we can expect this weekend. >>> and secretary of state, john kerry, is back in israel. what he says about the latest negotiations from middle east peace. >>> a san francisco s.w.a.t. team converged on a liquor store and market in the city's bayview district this morning. it's a story we brought you live on "mornings on 2." it's believed those officers were involved in a drug or weapons investigation. at one point, they cut through the metal gates outside of the liquor store. it's not clear if police made any arrests. this affected muni service for about 30 minutes. it's now back on schedule. >>> a vigil will be held tonight in oakland for a 13- year-old boy shot and killed on new year's eve. lee weathersbee iii was shot tuesday night on 104th and wul knit street. his mother said he was walking home with two other boys from a party at the boys and girls club on international boulevard. reportedly, two young men in a dark car pulled you and started shooting -- pulled up and started shooting. police have not made arrests. tonight eight vigil is at

john. and thank you, guys. i love when we have the reunions on the red carpet. >> well, i just witnessed that, and i will ask sarah paulsonho is also nominated for "12 years a slave" and congratulations on that. we saw you and amanda peete having a charming moment. >> yes, we shared a car. two for the price of one. >> yes. >> and this is going to be very well talked about tomorrow. it is beautiful. >> it is i hope, because it is beautiful and it is rochere and it looks like a cupcake and i have not eaten in a long time. >> and tell me about the color of the lipstick that i am loo g looking at? >> well, fuchsia and neon pink. and it is hard to look at anything else, and it is a big mouth in your face and bright pink. >> well, we will transition, because you have been smiling and i have been smiling and obviously, "12 years a slave" difficult to watch and i did sit down with it just this week believe it or not, and tell me about the reaction the first time you sat there in the theater and saw it in the entirety? >> well sh, the first time i sat was at the toronto film festival, and very extraordinary thing to watch with tha