mr. cooperman's firm had received subpoenas from the u.s.n new jersey and also the s.e.c. again, he offered to meet with the staff a year ago. they had refused. he says now, according to those on the call, thatty will will respond to the s.e.c. by the end of the month. he said we can definitively prove that we've done nothing wrong. we're not going to let s.e.c. change our reputation, one that he told the group that was gathered that he spend 50 years building. he said there was no pattern of insider trading, that he believes everything will be resolved favorably. those were the words that he used, and that he was very comfortable in his position, but, again, speaking directly to mr. cooperman myself just a few moments ago, he told me, quote, we believe we've done nothing wrong and that it centers on atlas pipeline, a stock they had owned for years beginning in 2007 but one that they had sold as of 2015 so mr. cooperman is speaking out tonight to cnbc and calling his investors, hoping to reassure them that he will in fact be cleared telling

mr. cooperman. investigators are taking action against him. this is all because of a person familiar related to the matter. we don't know anything beyond that. except for the fact the person claims the investigation is into trading academy -- activity in 2012. we will have. those are the market minutes. now let's take a deep dive in the bloomberg. you can see all of these charts using the function at the bottom of your screen. alix: we have had central banks peak, and lochner talking about the potential for inflation to come back to the fed 2% target. or my deep dive, i have just got a deep of slightly random indications that i stole from luke cowher. then we have spc e, and energy, cpi ex energy, and that is picking up well above the 2% target. even pce, which the fed is focused on, is turning toward a 2%. is inflation eventually going to go with the rate rise? scarlet: a lot of people say it will. alix: if the fed will be the central banker of the world artificially in some ways depress the dollar to help everyone else out, are they going to