to talk more about this is bloomberg's keri geiger. arned about this through an fcc statement this afternoon. keri: we've been waiting for a while. it does seem to be like a good deal, and a happy ending for steve cohen. at one point, during this whole process of the investigation, the sec looking into sac n steve cohen himself, they had considered seeking a lifetime ban on trading. now we have another two years of very from what we've reported on in the past, successful family office in terms of returns and money, and when he's able to get back to his investors, and now i would imagine, considering the kind of dismal performance that we've seen with so many hedge funds in 2015, you probably going to see an enormous amount of interest for people wanting to get in on steve cohen right when that man ends. ends.t ban david: we've seen people going to smaller operations. other indications he wants to get back in the game? keri: i can't speak for steve cohen, but he ran a very successful hedge fund for very long time that had an incredible t

alix: thank you, keri geiger, we appreciate it on that breaking news."bloomberg markets," we talk about china and the move to the valley the yuan a couple of times this year and what it's meant for global markets. alix: and what happened sunday night when markets reopened. that's next. ♪ scarlet: emerging markets stock stabilizing today is chinese markets attempt to bounce back. alix: our next guest has been bullish on chinese equities in the first half of last year, and now he says the market is about six to nine months away from being a place to put money to work. joining us now -- actually we are breaking news on yahoo!. to reconsider web operations, shifting in light of a proxy fight. noise.e making a lot of yahoo! has not concluded that has to sell, bankers have not been hires, but once again, gordon to people familiar with the matter, yahoo! is set to which isr its sale compensated by tax purposes. alix: we'll keep you updated as the headlights as they cross. in the meantime, the main market story is really about china. morocco for lou -- murat. y

of course, keri geiger here as well. ahead, the markets are mixed today in an up-and-down trading session. a trend many top economists expect will continue as we had to break. listen to the bloomberg view columnist on bloomberg markets had to say. >> we are looking with a lot financial volatility. until we get a comprehensive theonse, unfortunately, probability of that happening is low because of political dysfunction. ♪ betty: welcome back. stocks are trying to shake off the selloff and rebound for two-month lows. julie hyman is standing by. kelly joining me is kevin . helping us kick off 2016. one thing we have been talking about with most of the options traders we talked to is we have seen the return of volatility. it sounds like a consensus in -- the consensus was not just that it was a 2015 event, that it would stay with us. >> it was not just a blip. it was a harbinger of things to come. at is that last year, the vix averaged 15.6 but it has gotten higher over the especially by two points. we are giving off easy mo