all right let me go a little bit further did you collect one point two million dollars or so from novartis i did for access to the trump administration no sir why did you collect it because they came to me based upon my knowledge of the enigma donald trump what he thinks so they don't need it sir please let me know did they pay you one point two forty eight dollars do you give them advice yes they did they or a multi-billion dollar conglomerate came to me looking for information not something that's unusual here in d.c. looking for information and they believe that i had a value so how many that i'm still here with was the insight that i was capable of offering them willing to pay how many times did you meet with them. for one point two million dollars how many times did you meet with them i provided them with both in person as well as telephone access when ever they need how many times yes that's a question i don't know i don't recall sir so did you ever talk to them i spoke to them on several occasions you how many. six times six times wow two hundred thousand dollars a car so i also wou

one of those is obviously novartis which acquired one program last year. and i think then novartis to partner with spark on the approved retinal opt molg drug and a player looking to add more secondly was pfizer which did a gene therapy acquisition and interested in orphan gene therapy players and i wouldn't be surprised of biogen or others interested in orphan plays and some of these new cutting edge technologies and they have the cash to do it. >> michael, there's not an outcry but eyebrows raised when the spark last year at almost half a million dollars a year for the treatment. we have a hearing tomorrow i think of drug pricing on capitol hill are the companies able to defend those prices given the kinds of treatments we are talking about and cost of researching the therapies, or are those prices too high and are we going to get less innovation? >> that's a great question ironically, i think roche was invited to tomorrow's hearing. i would say that there's going to be headline, you know, noise about some of these prices, whether that's spark's drug $40

in fact, novartis sent me their contract, which stated specifically that they wanted me to lobby. they wanted me to provide access to government, including the president. that information, that paragraph was crossed out by me, initialled and written in my own ha handwriting. i will not lobby or do government relations work. >> so novartis representatives say it was like they were hiring an non-registered lobbyist, so you disagree with that? >> i don't know what they said, sir, but the contract -- >> have you ever contacted anybody in the administration? >> yes. >> to advocate on behalf of any aspect of any of your contracts? i ask unanimous consent, mr. chairman -- >> the gentlemen's time has expired. you may answer the question. >> i don't know what you're referring to, sir. >> mr. chairman -- >> thank you, mr. chairman. mr. cohen, i'm pleased you agree to testify today voluntarily. in my view, we are all here for just one reason. that's the american people are tired of being lied to. they have been lied to by president trump. they've been lied to by the president's children. the

did you click $1.2 million novartis? >> i did. >> for access to the trump administration? >> no, sir. >> why did you collect it? >> because they came to me based upon my knowledge of the enigma donald trump, what he thinks -- >> they paid you. >> let me finish. >> did they pay you $1.2 million to give them advice. >> yes, they did. multibillion dollar conglomerate came to me looking for information, not something that's unusual here in d.c., looking for information and they believed that i had a value. >> how many times did you meet with them. >> that value was the insight i was capable of offering them and they were willing to pay. >> how many times did you meet with them for $1.2 million, how many times did you meet with them? >> i provided them with both in person as well as telephone access whenever they needed? >> how many times? that's a question, mr. cohen. >> i don't recall, sir. >> did you ever talk to them? >> i spoke to them on several occasions. >> how many. >> six times. >> six times. wow. $200,000 a call. >> sir, i also would like to -- >> hold on. >> i would

did you collect $1.2 million or so from novartis? >> i did. >> for access to the trump administration? >> no sir. >> why did you collect it? >> because they came to me based upon my knowledge of the enigma donald trump, what he thinks -- sir, let me finish. >> no. did they pay you $1.2 million to give you advice? >> yes, they did. they came to me looking for information not something that's unusual here in d.c., looking for information and they believed i had a value. >> how many times did you meet -- >> the insight i was capable of offering them. >> how many times -- how many times did you meet with them for $1.2 million. >> i provided them with both in-person as well as television access whenever they needed. >> that's a question. >> i don't recall. >> i spoke to them on several occasion and how many? >> six times. >> six times. wow. $200,000 a call. >> sir, i'd like to bring to your attention. >> did you get money from the bank of kazakhstan. >> i did. >> for what purpose. >> the former ceo of that bank had -- 4 to $6 billion and

did you collect $1.2 million or so from novartis? >> i did. >> or access to the trump administration? >> no sir. >> why did you collect it? >> they came to me based upon my knowledge of the enigma donald trump, what he thinks. please let me finish. >> no. did they pay you $1.2 million to give them advice? >> yes, they did. a multibillion dollar conglomerate came to me looking for information, not something that is unusual here in dc, looking for information and they believe that i had a value. >> how many times. >> the inside that i was capable of offering them and were willing to pay. >> how many times did you meet with them? for $1.2 million, how many times did you meet with them? >> i provided them with both in person as well as telephone access whenever they needed. >> how many times? that is a question mr.:. did you ever talk to them? >> i spoke to them on several occasions, yes. >> how many? >> six times. >> six times. $200,000 a call. this is my five minutes, mr. cohen. not yours. did you get money from the bank of cause exten

did you collect $1.2 million or so from novartis? >> i did. >> for access to the trump administration? >> no, sir. >> why did you collect it? >> because they came to me based upon my knowledge of the enigma donald trump, what he thinks -- >> so they -- >> please let me finish. >> no. did they pay you $1.2 million to give them advice? >> yes, they did. they -- a multibillion-dollar conglomerate came to me looking for information, not something that's unusual here in d.c., looking for information, and they believed that i had a value. >> so how many times did you meet with them? >> that value was the insight i was capable of offering them that they were willing to pay -- >> how many times did you meet with them? for $1.2 million, how many times did you meet with them? >> i provided them with both in-person as well as telephone access whenever they needed. >> how many times -- that's a question, mr. cohen. >> i don't recall, sir. >> did you ever talk to them? >> i spoke to them on several occasions. >> how many? >> six times. >> six tim

did you collect $1.2 million from novartis?d. >> for access to the trump administration. >> no, sir. >> why did you collect it? >> because they came to me based on my knowledge of the enigma of donald trump -- >> did they pay you $1.2 million to give them advice? >> they did. a multi-billion dollar conglomerate came to me look for information not unusual here in d.c., looking for information and believed i had a value. that was the insight i was capable of offering them and they were willing to pay. >> how many times did you meet with them? for $1.2 million how many times did you meet with them? >> in person and telephone access whenever they needed. >> that's a question, mr. cohen. >> i don't recall, sir. >> did you ever talk to them? >> on several occasions. >> yes. >> how many? >> six times. >> six times, wow, $200,000 a call? >> i'd like do to bring -- >> i have five minutes, mr. cohen, not yours. did you get money from the bank of kazakhstan. >> it's not a bank of kazakhstan. it's called b.t.a. >> did you get money from th

memo online outlining a number of payments to cohen-- from a company linked to pharmaceutical giant novartis, a russian oligarch, a-t-and-t, and others. (grant) president trump will kick off his summit with north korean leader kim jong un next week with a one-on-one meeting in vietnam. this meeting follows their first summit... a historic meeting in june between the two leaders. senior u-s officials are already in veitnam negotiating with a north korean delegation ahead of the summit. priorities include the complete de- nuclearization of north korea and establishing a peace regine on the korean penninsula. one thing not on the table yet is a withdrawal of u-s troops from south korea. (vicki) prosecutors say a u-s coast guard lieutenant planned a large-scale domestic terrorist attack -- to further his white nationalist views. 49-year-old christopher paul hasson is in custody -- facing drug and weapons charges. a judge ruled today-- hasson will stay in custody until his trial. reporter kristen holmes has more. court documents paint the coast guard lieutenant as a white supremacist with plans t

novartis, a couple of others about a month ago. because they raised the price of their drugs.alled. i said, "what are you doing? you can't do that!" and they said, "sir, we will immediately drop the price down to where it was." can you believe that? can you believe? >> seth: no. [ laughter ] no, we can't believe it. because you're doing that thing again where you describe being president the way you want it to be instead of the way it actually is. "i called up pfizer and said, 'lower your prices.' and they said, 'right away, sir.' and then i hung up the phone and looked out the window right as a gust of wind blew the top off a hot lady. [ laughter ] this job rules." and not only does trump think he can just call up drug companies and singlehandedly tell them what to do, he also complained he isn't getting any credit for it. >> might as well talk about yourself. 'cause nobody else is going to. [ laughter ] [ cheers and applause ] nobody else is going to! [ cheers and applause ] nobody else. >> seth: oh, i'm sorry. do you really think people aren't talking about you enough? [ la

novartis is down as well. it's all bank of ireland as well down the 7.5%.they are only at 195 stocks down. almost 400 stocks are gaining at the moment. comingh giant huawei under fire for ties with chinese intelligence agencies limp sure you know. the company's technology has been banned by governments including the u.s. and tech -- australia. mobile worldtes at congress saying about that spat? nejra cehic is in barcelona with a guest. thanks so much. the u.s./huawei issue costing -- casting little bit of a shadow. the u.s. has been pushing for some its allies to drop huawei -- ofhe development as 5g. his technology they'll be essential for ultimate factories as well as internet of things. with me is oranges deputy ceo. delighted to have you with me. let's talk about 5g. you on working out 5g services. in 2019, will be developing 5g and 70 cities in europe. it's very exciting. 19 is the very beginning. depending also on the availability of the license goes we knew the -- the -- of devices comic as many devices, we will be ahead on 2019. the u.s. has been ur

tilray of course, they're working with novartis, and my dark horse of the year as i said to you, "charlotte'sower. they help the girl with seizures. they're the brand leader in cpb products. charles: thank you, jason. >> my pleasure. charles: politicians on both sides of the aisle have been promising freebies for a long time and a warning what happens when they don't deliver. ♪ charles: welcome back. markets holding on to gains today in anticipation of tonight's state of the union address. coming up high-taxed states losing residents in droves and coming to the sobering reality, taxing rich people doesn't work. how about a different approach? or is it just simply too late? plus will mickey mouse be smiling after disney earnings are announced later on today. we'll have preview exactly what to expect in a few moments. first the democrats continue to harp on corporations for not doing enough to help the little guy. chuck schumer, bernie sanders, now teaming up, in an effort to try to limit corporate stock buybacks. republicans are all fired up, the battle between socialism and capitalism however

eli lilly, glaxosmithkline, novartis have made multibillion dollar acquisitions in the biotech space and companies many left for dead in the fourth quarter. that consolidation is a real positive for the stock market. it tells us some bioteches may be way too cheap oh, and if that's not enough, don't forget barrick gold who used to run rand goal, you know what, the new one is making a hostile $17.8 billion all stock bid for newmont mining this m & a action is a sign the companies may be more valuable to each other than the stock market itself and to portfolio managers so bearish. however, the situation mays mrout, barrick is my favorite way to play. my second way to win, the financials, they did great today. in particular the big investment banks that had been real dogs of late but there is a reason goldman sachs rallied more and rallied up more than 4 mergers and acquisitions with a stock trading at only a tiny president trump yum, what you get for the business if you liquidated everything overnight and it has an excellent wealth management group the whole company may be valued too l

have you had any foreign contract with foreign entities whether it's novartis or the korean airline or kazakhstan bta bank. your testimony earlier said that you had contracts with them. in fact, you went into detail. >> it talks about lobbying. i did no lobbying. >> in your testimony -- i'm not asking about lobbying, mr. cohen. >> they are not government agencies. they are private -- publicly traded companies. >> do you have foreign contracts? >> i currently have no foreign contracts. >> did you have foreign contracts over the last two years? >> contracts with foreign entities? did you have contracts? >> yes. why didn't you put them on the form. it says it's a criminal offense to not put them on this form for the last two years, why did you not do that? >> because those foreign companies that you are referring to are not government companies. >> it says non-governmental. >> they were told non-governmental. >> foreign agency -- it says foreign contracts. do you want us to read it to you. >> i trd and it wread it and itd by my counsel, and i was not lobbying. >> it has nothing to do with

novartis says it pays 50% of its grease revenues in the u.s. into rebates.he company ceo said returning those to patients would lower out of pocket costs and correct a distortion in the marketplace. >>> coming up, chipolte shares are soaring after they posted a beat on the top and bottom line and a big jump in same-store sales. as we head to break, take a quick check on what is going on in european markets. this after the e.u. slashed its growth forecast for the euro zone to 1.3% we've got germany, the dax down 1.25%. stay tuned at&t provides edge-to-edge intelligence, covering virtually every part of your finance business. and so if someone tries to breach your firewall in london & you start to panic... don't. because your cto says we've got allies on the outside... ...& security algorithms on the inside... ...& that way you can focus on expanding into eastern europe... ...& that makes the branch managers happy & yes, that's the branch managers happy. at&t provides edge-to-edge intelligence. it can do so much for your business, the list goes on and on. that

chinese trade delegates were in washington last week. ,he president said at the time no process -- novartisde. -- no protest had been made. the company would never intentionally hurt the country, an organization, or individual. they want u.s. allies to stop products.ei the u.k. may withdraw a $78 million support the company says the decision is partly due to the uncertainty about brexit. it follows news that that u.k. auto industry has seen investment halve in the last year. australian banks face biggest upheaval in decades. a wide-ranging inquiry into misconduct. the commission could recommend that banks be broken up. charges recommend against firms and senior executives. global news 24 hours a day, on air and on tictoc on twitter, powered by more than 2700 journalists and analysts in over 120 countries. this is bloomberg. ♪ haslinda: banks will take the --tlight the bank of the spotlight this week. the bank of australia will be announcing on tuesday. the philippine central bank on thursday. also on thursday, the bank of india may change course in its first policy review on the governor. t

novartis's representatives says it was like they were hiring a non—registered lobbyist, do you disagreey view we are all here for just one reason, that is the american people who are tired of being lied to. they have been lied to by president trump and they have been lied to by the president's children and they have been lied to by the president's legal representative and it pains me to say that they have been even lied to by his congressional enablers who are still devoted to perpetuating and protecting this giant con game on the american people. mr cohen, i would like to talk to you about the president's assets. since bylaw these must be reported accurately on its federal financial disclosure and when he submits them for a bank loan. mrcohen, when he submits them for a bank loan. mr cohen, you served for nearly a decade as then businessman trump's personal attorney and so—called fixer, did you also have an understanding on the president's assets and how he valued those items? yes. in november 2017, cranes new york business reported an organisation provided flagrantly untrue revenue fi

and they expect it to help with the gene therapy treatments as it competes against rivals such as novartispace, as well. jumped hugely, 120% and some of the other gene type therapy companies rising off the back of this a lot of activity off the back and up 120%. >> i think many competing sort of to come up with a new gene therapy for hemophilia specifically but wow. 120%. >> yeah. >> you don't see that often. >> particularly fight back by roche. >> exactly. >>> karcarter's soaring today, also, after a beat on the fourth quarter eps and revenue before the bell today the company saw an increase in the e-commerce sales and better than expected outlook for the year saying this is one of the highest specialty names of e tail carter's sold in 17,000 stores in the u.s. and they have exclusive lines at target, amazon, strong growth in the quarter and a good name here across the board even though some of those numbers below last year and beating expectations for the quarter. >> and the u.s. comp 6% nearly that beat. >>> up next, the closing countdown. >>> and after the bell, carlisle group co-found

. >> so novartis representatives say it was like they were hiring a nonregistered lobbiest. do you disagree with that? >> i d't know what they said, sir. >> have you ever contacted anybody in the administration? >> yes. >> to advocate on behalf of any aspect of any of your contracts? i ask unanimous consent, mr. chairman. i ask unanimous consent -- >> the gentleman's time is expired. you may answer the question. >> i don't know what you are referring to, sir. >> mr. chairman -- >> thank you. mr. cohen, i am pleased you agreed to testify today voluntarily. in my view, we are all here for just one reason and that's the american people are tired of being lied to. they have been lied to by president trump. they have been lied to by the president's children. they have been lied to by the president's legal representatives. and it pains me to say that they have been even lied to by his congressional enablers who are still devoted to perpetuating and protecting this giant con game on the american people. now, mr. cohen, i would like to talk to you about the president's assets. since

in fact, novartis sent me their contract which stated specifically that they wanted me to lobby, they wanted me to provide access to the government including the president. out paragraph was crossed by me, initial, and written in my own handwriting lobby or do government relations work. representatives say it was like they were hiring a non-registered lobbyist. do you disagree? michael: i don't know what they said. >> have you ever contacted anyone in the administration? michael: yes. >> to advocate on any aspect of your contracts? i ask unanimous consent, mr. chairman. >> the general's time has expired. you may answer the question. michael: i don't know what you are referring to. >> thank you, mr. chairman. mr. cohen, i am pleased you offered to volunteer to testify. we are here for one reason, the american people are tired of being lied to. they have been lied to by president trump, they have been lied to by the president's children. they have been lied to by the president legal representatives. it pains me to say they have been lied to by his areressional enablers, who devoted to p

cohen about didn't you take $1.2 million from novartis and didn't you represent kazakhstan bank? with that is he essentially asking prosecutors to look into whether or not he could be charged with this which would be many more years in prison. >> you know the irony of this, steve? that fara, the foreign agency registration act which he allegedly broke according to his own words yesterday, cohen. that's what they used to go an manafort. what's cohen and lanny davis and his clinton paid for legal counsel going to say? no one prosecutes fara. not really that's why they are going after manafort now. steve: why didn't they bring that up that was part of the southern district of new york which charged mr. cohen. why didn't that cause any trouble. >> he is not interesting on anything than keeping the heat on donald trump and keeping the heat away from democrats. it's clear as day at this point, mueller is not a white hat. is he not a good guy. listen, i respect the man's service to the country. i want to get that out and i mean it that does not make what he is doing all right. he is not