i am watching local developers lose out to john paulson. don't you want puerto ricans to win? now, they have someone to help them in a very hard situation. without people like paulson that invest on their assets, they would be able to lose, they were about to lose a lot of money. they are not losing that money now. it is a synergy that we are creating. they want to compete in favor of their states. i need to do the same. i respect them, we work together, their states are competing, they are blooming. new york is great. everybody loves new york. but, we need to compete, we need to improve. there was a lot that was not improving. there are more than 2 million puerto ricans who want their politicians to work for puerto rico to improve. >> there are some that argue that john paulson has an advantage. that he has politicians in his back pocket. he is getting looks on deals that no one else has. >> they will have the same -- >> but they already live here. puerto ricans are saying that they want to have the government believe in them. >> john paulson saved the game for that and he lov

on mercifully murdered the spanish economy like they killed the greek economy or goldman sachs john paulson. lloyd blankfein papa graham over there greece they got together we know it's on record they colluded they talked about how do we kill greek greek economy how do we steal billions of dollars for john paulson the hedge fund manager and papa stole five billion through that credit default scam putting the money in his mother's accounts what's the one they succeeded the greek economy is dead now going to come around likes dead soldiers and take their watches and take whatever they have. with interest rates this is i'm a cop this is worse than a pedophile scandals pedophilia here in the u.k. which is now bursting out all over the places such as jimmy savile this westminster it's whitehall is teething with pedophiles there job the streets like the zombies looking for little children to abuse and this whole thing is just gushing out over the buckingham palace ten downing street is because there's a village of zombies how do you fight them and don't really know who we're moving on to our own

i sat down with john paulson to get his take. take a listen. >> we'll have to see how creative this transition is to abbvie. if they get multiple expansion, their stock can rise after the transaction. and if you hold on to shire stock, you can get an additional premi premium. >> let's bring in meg. >> well, this is the biggest transition, $54 billion. and people tell me this is going to heighten the pressure on competitors to do deals before it gets to late. already a lot of scrutiny by washington. are they going to close this loophole? and miles white wrote an op-ed asking, why is everyone tiptoeing around this? and abbvie and shire, shire is big on rare diseases. and the question is, is this going to drive abbvie to do more deals in rare diseases? and potential targets, biomarin, sobi, others. >> and it was interesting, paulson said, in pharma, it's going to be predator and prey. a lot of companies are going to have to do a deal soon. >> and what's interesting is, shire just reported great numbers. this is a company, if you loo

it's also the reason why we're saying this, it's a good day for john paulson. as of march 31st his firm owned nearly 26 million shares of kodiak, a 9.8% stake nearly $4 million. john paulson will be one of the guests at the cnbc delivering alpha conference you will all day wednesday back over to you. >> very interesting. we look forward to that. the soccer fans in argentina now taking second place at the world cup too kindly. rye theers went to the streets after that tear lost 1-0 in germany -- to germany in yesterday's extra-time final. rioters threw bricks, rocks at the police after watching the game on huge screens. 15 officers were injured, about 30 rioters were arrested. i wonder what folks think that accomplishes. >> some terrible weather here at home in the western and central united states. this comes from tucson, arizona. as you can see, heavy rain, there was hail, strong winds measuring up to 65 miles per hour, knocked down power and phone lines. and arizona isn't the only part of the u.s. experiencing rough weather. the midwest is about to get some h

. >>> we know the kodiak deal was a big deal for investors, but also for john paulson. he owned nearly 10% of kodiak. so we like to do work for you here on "street signs." one thin we did is we found some of the other independence oil and gas companies operating in the bakken shale, are you ready? get your pens out. does anybody use pens anymore? maybe evernote. either way. oasis petroleum. john paulson, the same guy, citadel, a much smaller stake, qep resources, activist jana partners, d.e. shaw, the huge hedge fund, finally wpx energy, citadel owns nearly 3%, which is 2 1/2% omega advisers, and d.itious shaw. this is the standard, but important disclaimer. this data is coming from quarterly s.e.c. filings, they're out six weeks after the end of the quarter. it's all we got. the numbers might have changed since the last reporting. they could go up, they could go down. still, however, this is the last data we've got, take it with a grain of salt, but know they have been in those names and don't forget some of them will be at our conference on wednesday. >>> let's bring

. >> john paulson, the arthur of a couple of the greatest trades of all time. >> from an individual perspective, the best single investment you can make is to buy a primary residence that you're the owner occupier of. today financing costs are extraordinary low, so you can get a 30-year mortgage, somewhere around 4.5% and if you put down, let's say, 10% and the house is up 5%, which is the latest data, then you would be up 50% on your investment. >> and more. >> cash is half a percent, bonds 2.5 heading to a loss of total return. high yield is not high yield anymore. slightly rch against history, 16 times earnings, average 15 times earnings, by 25% of the s&p yields more than bonds. that's a highly unusual condition. i think the market is fairly valued, i don't think it's over valued in the condition that normally leads to a peak. >> what a board should do is not tell the ceo what to do. they should leave him alone, really leave him alone but what they should say if you're not producing and they could have a lot of ways to gauge that, which we do, a lot of parameters and if you're not coming up

ands him, john paulson, buying hotels and trying to excite tourism.uerto rico is 60% tourism while its neighboring countries have 20%, 30%. >> meanwhile, the government is being sued by franklin templeton and oppenheimer challenging the new law. could it end up in the supreme court? >> it could. , you're looking at an ugly fight ahead. don't think these creditors are of the mind to voluntarily subject themselves to a cram down akin to this chapter two, chapter three of the new recovering act. >> a lovely fight on a beautiful island. i want to thank you this morning. >> i would say an ugly fight. >> did i say beautiful? i meant to say ugly. it is a beautiful island, though. >> coming up, the business where no matter how hard work is, you only have a blast. corny to my right there. i'm glad eric said that and not me. ♪ >> coming up, a company never wants to see the following words in a lawsuit "strip club was quote and "binge drinking." we will see how goldman sachs is handling it. for the topg game one percent. meet the woman trying to set them up. ♪ >

the counter stocks five percent using washed trades on an options market you've got hank paulson john paulson excuse me working with the government of greece working with goldman sachs and lloyd blankfein to throw an entire country under the bus that's where we've been through twenty years that's been the progression of derivatives trading is that now they've got the ability not just to move the price of a stock but to move the price of a country in the case of greece other countries are. we interrupt the program because right now president obama is making a statement on the crisis in ukraine he suspected tonight's further sanctions against moscow let's take a listen. senselessly killed when their civilian airliner was shot down over territory controlled by russian backed separatists in ukraine. these grieving families and their nations are our friends and our allies and amid our prayers and our outrage the united states continues to do everything in our power to help bring home their loved ones support the international investigation and make sure justice is done. since the shootdown however

the counter stock five percent using wash trades on an options market you've got hank paulson john paulson excuse me working with the government of greece working with goldman sachs and lloyd blankfein to throw an entire country under the bus that's where we've been through twenty years that's been the progression of derivatives trading is that now they've got the ability not just to move the price of a stock but the move the price of a country in the case of greece other countries are ukraine what's america doing in ukraine they want the gas us nuts let's throw it out of the bus let's use every frickin derivative trick we can out of the book let's bring in geo political tricks let's bring it all in to watch because we want the cheap gas and of course remember greece is not bankrupt or broke it's struggling to make some payments for current world challenged at the moment they're without sue they're in the curious they're all going to be the only heirs to billionaires soon that but they don't think like americans you know they think like europeans they blame themselves because that's their

it turned out that he was totally in bed with all the gap and john paulson you know selling credit default swaps the bonnet table all the money ending up in his mother's account in switzerland yeah that's a model for and you want to spot a fox has told me many times that this is exactly the case in greece really because you tell me that he and i told him that point blank and he said no that's not the camera overstating the case so he tells you a different story yeah him and just stick with have both said that while the with goldman sachs a situation that that was certainly the case the others i don't know about the goldman sachs small enough going to have to get him back i just had him on the wisconsin the two months ago all right well again we got to go out of time but the book is the contradictions of austerity edited by jeffrey summers and charles wolfensohn what's huge contributions from the immortal michael hudson thanks for being on the kaiser report thanks for having me here right here and that's going to do it for this edition of the kaiser report with me max kaiser and stacey herb

john paulson and his wife died with their son martin and their little girl shari.oat toe, young australians, traveling with their parents. there are heavy hearts around the world for the young victims. >> the community is still in shock and in a very deep level of shock and i think people are still trying to handle the situation. >> reporter: tributes in the netherlands for a fallen family of six. outside this dutch school, a memorial for a beloved teacher, her husband, and their three children. two sisters from another family died together. somebody's mini mouse left behind, somebody's monkey, memories of everyone. so many small reminders of a loss that will be felt for generations. alexander field, cnn, new york. . 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

and john paulson and company 5.7% onnership steak in family doctor as well. so the van guard there obviously doesn't have their funds here. john paulson looks to be whipping big. dollar general is twice the size of family dollar. the market cap is $12 billion. family dollar's cap is $6 billion. dollar tree is twice as big obviously using family dollar as 11% decline over the past few years. so. >> management is saying, from dollar tree, that this acquisition will extend their reach to lower income customers. and they say strengthen and diversify the store up front. >> you know who this puts pressure on as well. >> walmart is trying to expand into smaller stores, not the super sized stores, and with the head of walmart's u.s. stores just stepping down last week, there's been a lot of questions about the strategy or if she'll continue to be smaller with these stores. >> jim tweeted out both compa companies here, now you've got this national footprint. family dollar is a north carolina based company, so they have a slight geographic difference. now you truly hav

so, this whole notion -- for instance, john paulson investing in puerto rico, where the tax rate is nothingou don't think that's going to come to fruition for some people fleeing and setting up shop elsewhere? >> it's really hard to tell. i hear every day a story about a rich new yorker moving to florida, every day. >> yeah. >> you talk to accountants, you talk to attorneys. their client list is overloaded with people moving to south -- i don't understand. we have that on one side and then this data that only goes to 2012 that says it's not happening. >> oh, only to 2012. >> we'll have to see what happens later. >> looking at the markets here, straight out of the gate this morning we had new records for transports and also for the s&p. we reached above that 1,989 record intraday high level, we're currently at 1,987. dow being dragged down by boeing. >> all right, thanks for watching "street signs." i will see you at 5:00 for "fast money." >> looking forward to it. "closing bell" coming up next. thank you for joining us, melissa too. >>> and welcome to the "closing bell," everybody. i'm kell

finally, john paulson who made his name in the 1990s is up about 96 million overnight. he bought family dollar the same year peltz did and obviously it proved to be a great pick both for this year and over the longer term depending on where you got in, you could be up -- i haven't even done the math on other guys. could be billion dollar range. >> those guys were delivering alpha two weeks ago. they made more money in that time than you and i have. >> more details on what they had to say at deliveringalpha.com. obviously it's in our interest to say so but it happens to be true as well. >> thanks. appreciate it. >>> kayla, down to you. >> thanks. richard branson's virgin america filing for an ipo. what this says about his aspirations in the u.s. and state of the airline industry right now. they shook up the real estate business a decade ago and now they're merging. morgan has fallout. >> an estimated 90% of americans start their house hunting online. some go to zillow. some go to trulio. that's all about to change. we'll have those details when "power lunch" returns. for

john paulson and his wife died with their son martin and their little girl sherry.family photo, young australians traveling with their parents. there are heavy hearts around the world for the young victims. >> the community is still in shock. a fairly deep level of shock. it was a well known family. i think people are still trying to handle the situation. >> tributes in the netherlands for a fallen family of six. outside this dutch school, a memorial for a beloved teacher, her husband and three children. two sisters from another family. they died together. somebody's minnie mouse left behind. someone's monkey, memories of everyone. so many small reminders of a loss that will be felt for generations. alexandra field, cnn, new york. -- captions by vitac -- www.vitac.com and cialis for daily use helps you be ready anytime the moment is right. cialis is also the only daily ed tablet approved to treat symptoms of bph, like needing to go frequently. tell your doctor about all your medical conditions and medicines, and ask if your heart is healthy enough for sex. do not ta

you heard john paulson say -- and we agree with his view -- if this deal were to close and the stock's200 is not competitive with, you know, $220 a share. and the other point is allergan can only achieve so much as a standalone company. you know, the synergies that valeant is achieving here on the cost side are much larger because you're combining two companies with overlapping product lines. that's number one. by the way, they have the track record to prove that they can do it. then, of course, there's strategic synergies. it was interesting on the call, david pyott was asked, where are you going to make acquisitions? he said, look. in our kind of strategic set, there really aren't opportunities. we're going to have to do a deal that's outside of the core. and we're going to have to find a new, you know, kind of area of competency to go pursue. first of all, those kind of acquisitions, allergan does not have a track record making major acquisitions outside its core discipline as opposed to adding on to something in, let's say, relevant to botox, for example. because they've got a lot

john paulson made a bundle last year and they've expanded now into other european banks and recoveryhoping for a double hitter. dan loeb is in a similar spot after making money on greek bonds in 2012. he opened a hedge fund last year saying he likes both european mortgage securities and bank assets at the moment or at least he did as of his last investment editor. the market watchers i talked to said the portuguese issues are isolated or i'd difficult you sin kratic in hedge fund terms. hopefully we'll hear more apartment delivering alpha next week. >> we really look forward to that kate. delivering alpha starts next wednesday. the market is coming back. down 43 points. these shares are getting hit hard. shares of lumber lick question daders and potbelly both plunging 20% on the trading session. what these stocks might be signaling about the health of the consumer and housing, coming up next. in a world that's changing faster than ever, we believe outshining the competition tomorrow quires challenging your business inside and out today. at cognizant, we help forward-looking companies

john paulson, kernen's got trd k druckenmiller. >> most recently talking about pension reform and goingyounger generation concerned, as well they should be. >> kate, thanks. see you wednesday. carl icahn, one of many notable guests delivering alpha conference this wednesday. it includes a who's who of the investor community, offering their candid views, so be sure to check all of them out. really a great list of folks speaking, including chris christie, by the way. >>> coming up, sotheby's is going online. how will its new partnership with ebay impact the bottom line? >>> then earnings season is on, but buyer beware. we've got a look at the companies that often take a dip after reporting. that and much more straight ahe ahead. that and much more, straight ahead. in new york state, we're changing the way we do business, with startup ny. we've created tax free zones throughout the state. and startup ny companies will be investing hundreds of millions of dollars in jobs and infrastructure. thanks to startup ny, businesses can operate tax free for 10 years. no property tax. no business tax.

billionaires carl icahn, nelson peltz, john paulson, three of the top five shareholders in family dollarht by rival dollar tree. kate kelly joins us now on set with that story. it's an interesting story. somewhat unexpected in that most people were looking at dollar general to be the buyer. >> absolutely. >> until a change of leadership sort of changed the game. >> ri it really wasn't clear what was going to happen. and i was just going to mention that. this was not the deal that carl icahn specifically had had sought out which as you mentioned was family dollar/dollar general, intended to beef up the executive ranks of what he considered to be a mismanaged company. but it's nonetheless a deal that's made him a bundle already, more than $100 billion since friday alone. and those other hedge fund managers you mentioned are are also doing well. one of them, nelson peltz whose first 13d filing on this company interestingly enough was issued four years ago to the date exactly when it was trading in the $40 range, has done phenomenally well on the trade at this point. still, this sort of outc

john paulson, manager of the $2 billion firm paulson and company the grandfather of the famous subprimeing he had done a 180 and snapping up u.s. residential properties in large numbers. he also recommended a primary residence as single best investment in individual could make. afew -- >> housing starts up 50% from the trowel and that created a lot of excitement. however, the peak was 1.8 million, and we estimate you need about 1.2 million new single-family homes a year to meet population growth and replacement demand in the u.s. while up 50% for the lows, we're still only half of what we believe is the long-term trend. >> a few things have changed since then and at least one notable housing buyer, blackstone group, thinks the big opportunity to invest is passing right now they've slowed their pace of investment. mortgage rates are lower than last july when paulson spoke and housing starts are still a ways off from where paulson thinks they can meet demand. we'll see if he still feels as strongly as he did a year ago. m&a, paulson established himself 20 years ago this month as arbitra a

there's a guy named john paulson who was a hedge fund manager not too far from here. he didn't know anything about orphanages or housing as recently as 26. and yet in 2007 at 218 the $20 billion for investors in about five to seven ill-informed self. he's not the guy you would expect. not a household name. he was an average single hitter. he doesn't like that, but it drew. who else anticipated financial meltdown? a guy named jeffrey green. jeffrey green was a real estate investor in los angeles, but also not the person you would expect twisting something greenspan. jeffrey green got married late in life. he got married at about 50. the best man at his wedding was mike tyson, the boxer. he had a houseguest for a while. heidi fleiss. remember that? the hollywood madam. and in usual guy, yet the guy who gave $500 million anticipating a collapse that all of the experts fail to see. so that is what happened in the financial meltdown and it kept coming back to that theme here in this area of resurgence. what do i mean by that? who should've led the way in terms of productio

manufacturing along to investing, though, john paulson, the hedge fund manager, just stepping offstage with our melissa lee. he talked to great length about the merger opportunities in the market right now and a variety of ways to make money doing merger arbitrage. that's, of course, where his roots are, back in 1994 when he started paulson & co., and he performs well in that regard. his enhanced fund, the levered leverage of his m&a fund, is up about 5% this year, making that one of his best strategies of the numerous different funds that he runs with his $23 billion under management. a couple points on key stocks. he talked about time warner and fox, which is one of the key stories of the day, broken by andrew ross sorkin earlier. he basically said it's too early to call it on where that may fall, but he thinks when you have two companies of similar size, as you do there, there's a limit to how much even a suitor like rupert murdoch is able to pay in a premium. so, unclear how that will work out. he's very positive in the v valient and sees m&a in oil and g gas. >> kate, thank you. >

and nelson peltz, john paulson, governor christie. i'm actually going to be listening to -- i'm going to stay this year. going to stay. i'm staying. i'm not going to leave. see we do the show there at 6:00 in the morning until 9:00, and then -- >> last year you left? a little earlier than maybe you would otherwise this year? >> i guess i did. although it's a phenomenal conference, i had something to do. really. that's -- let's get back to europe and the sell-off. there it is! full day. it's awesome. it's going to be great. and don't -- i think there's going to be some programming. that day that we're going to be able to show viewers. but it would really be better -- >> if you were there in person and signed up. >> cue the crickets because it's the second day of janet yellen's testimony, i believe, in front of congress next week. >> it will be a good day to be talking about what happened on -- >> what do you do when rob -- do you just ignore him? >> watch this. >> the producer is yelling at us right now. >> see that? is he yelling? >>

we have team coverage with steve paulson in the weather center tracking the conditions firefighters will be facing today. but we begin with john fowler who is at the fire command post and joins us live. good afternoon, john. >> reporter: good afternoon,er , tori. the fire is burning over the ridge of those hills. a few smolts ago, i spoked to a homeowner who learned his home has burned to the ground. let's take a look at the lives from newschopper2. you will see the fires burning northeast of the napa valley and pope valley. huge plume of smoke. the residents have been evacuated. about 50 people we've learned are sheltering in place with fire engines protectioning them -- protecting them. firefighters say the weather remains a big challenge. it's getting drier as we speak. even as they struggle with hot spots they are very concerned about with the days ahead. >> we're looking at the 4th of july this weekend. we're very nervous. we need to get the message out to the public that there is zero-tolerance for any illegal fireworks in the state. the safe and sane fireworks, you have to be very careful with those also. >> reporter: t

a row, and john pallson hit on a number of names holing including petroleum and the pepping deal made him a neat profit of nearly $400 million this week and o asis petroleum. here's paulsonut the flurry of a way to treat the oil and gas sector. >> these companies are too attractive. they are too attractive to sit there at the current valuation. they are independent. they are in the u.s. they are growing very rapidly. they have enormous reserves, and the cost of harvesting the reserves continues to decline every year, so it's not likely they'll remain -- they may remain as independents for a long period of time. >> of course; some of the names are not new winners for the panelists, one was from coopman who talked about a trip to north africa scoring on atlas energy, a name he still holds today. >> one of my fondest investment days, first two week vacation of my life several days ago, standing in the valley of the kings in egypt looking at that many thousands year old sta chut, by phone goes off 7:00 a.m. new york time, and atlas was taken over by chevron, up 40%. the atlas people kept the rights of the name, and i think they'll be in act 2 in the next couple years, and th