in fact, paulson's recovery fund doubled the s&p's returns this year. we'll break down his and other hedge fund winners just after the break. more "half" straight ahead. we're aig. and we're here. to help secure retirements and protect financial futures. to help communities recover and rebuild. for companies going from garage to global. on the ground, in the air, even into space. we repaid every dollar america lent us. and gave america back a profit. we're here to keep our promises. to help you realize a better tomorrow. from the families of aig, happy holidays. >>> welcome back. with the s&p up nearly 30%, a few hedge funds managed to outperform the market. kate kelly, happy new year, first and foremost. >> scott, same to you. thank you so much. >> it's been great having you on the show this year. we look forward certainly to more of that. >> me, too. >> what do you have on this one? >> you would think beating or matching the bull market would have been easier. the average ledge fund, in fact, was up 8% through november. so those that delivered 30% or

. >>> here is steve paulson. >> by the way if you have a twitter picture, you can send it or these are the records 1972, but the ones i am showing were testimony and and richmond district is 6, 400 in the march and i have see the 19- degree reading and officially it is 26. i have seen 16 in petaluma, graden 21, ben loehmann's scott valley, palo alto 26 degrees

that is being split into two places among paulson's funds.ne is the recovery fund that really bets on this economic recovery, the other one is that strategy. both of those funds have posted today good returns this year. five percent and 28% relatively speaking. even more money for paulson by helping them recoup a lot of those losses that he had on the euro and gold. >> thank you. with thealesci there very latest on this shrift in strategy, and what it means for hedge funds specifically, john paulson. venture investors have been seeking out a bit going -- bi tcoin related strategies. all, what is unique about poinsettia -- coin center? >> it is basically an exchange rate can pull together multiple istcoin prices as it currently kind of like the wild west. uber goal of that together and you bring in other analytics about the market, and it allows you to open up an account, and you can use all of that information to make trades, sort of like a foreign-exchange platform. >> we know that they're rushing to get into bitcoin related companies. how a

. >>> well, jim paulson is not buying the bubble talk, saying there is still a lot of upside in the market, jim, nice to have you with us. so tell us why you're not expecting any bubble trouble after a nobel prize winning economist says that things are vulnerable. >> you know, susie, i think the primary thing that creates sort of a bubble economy and ultimately a recession is just simply too much confidence about the future. when all the players, consumers, businesses, policy officials, everybody gets really bullish about the future they start to engage in dumb behaviors, they stretch the balance sheets, hire too many people and buy that second summer home and that is the thing that ultimately has to be corrected. and i think that confidence is better today but we're still at confidence levels that are below average by a long-term historic norm, and i think the description i would give is we're more comfortable, maybe, but we're certainly not euphoric, the type of confidence that begets behaviors, that brings about a bubblelicbubblel type risk. >> we have low inflation and rising interest

sarah paulson's two latest roles are earning her accolades. >> master bought you to work. that's all. >> reporter: "12 years a slave." one in the best in history. the oscars. have you thought about what it would be like to win? >> i've been doing this for a long time. i've never been in a movie nominated for an oscar. i've been in some big movies. this is a moment that's not lost on me. >> reporter: in the pic, paulson plays mistress epps. >> i don't think i've played a villain ever. i would like to imagine that's because i'm not a villainous kind of gal. from an acting standpoint, it felt like a challenge. >> reporter: the raw film is being praised as groundbreaking. >> stay out. >> reporter: unfiltered portrayal of slavery. >> i feel like, you know, the hardest things in life to hold are the things that we should probably be investigating. and i think because it's an uglier time in our country's history, people don't want to look at it. >> reporter: but it is a great story of hope, too. >> and the power of the human spirit. >> reporter: were

just recently sold to john paulson. we've got much more coming up on "bloomberg surveillance.", four trillion. u.s. stock market capitalizations of far in 2013 $4.5 trillion. we are streaming on your tablet, your phone, and bloomberg.com. ♪ >> good morning, everyone. "bloomberg surveillance." i'm tom keene. alix steel and scarlet fu are with me. here are the headlines with alix steel. >> in the ukraine rightly stormed independence square to dismantle a camp built by protesters, despite please by western diplomats for the government to not use force. the demonstrations began almost three weeks ago when the country's president rejected a trade agreement with the eu. to bidfricans have begun farewell to nelson mandela. his body will lie in state the next three days in pretoria. the government expects as many as 2000 people and our will file past his casket. his body will be transported saturday to a village where he spent part of his childhood. mandela's funeral will take place sunday. david ortiz has been named the major league baseball's top designated hitter. not kidding. the b

steve paulson will watch the temperatures for you and the weather all morning. and get you ready for this day. you can also go to ktvu.com where you will find an hour by hour forecast for the area where you live. just look for the weather section at the top of our home page. >>> there are still no signs of a woman seen pulled away by a man from a bus stop in milpitas. investigators are not sure if it was an actual abduction. janine de la vega is live for us. janine. >> reporter: claudine i just spoke to the sergeant who saw the surveillance video and shows the struggle between the man and woman. now he couldn't get into any specifics but he did say we can't make out our faces. what we do know a woman was sitting here at this bus stop when she was taken away. police spent last night reviewing surveillance video taken from an ac transit camera shows the incident. officers say a bus driver saw  an asian man between 20-40 years old. chp helicopter searched the area. paying particular attention to the creek but nobody was found. as far as where this investigation i

bush, john mack, henry paulson jr., and barack obama. now, let's look at the gallery of economic heroes. carter glass, william martin, dwight eisenhower, george humphrey, douglas dillon, william simon, paul volcker, bill clinton, paul o'neill, and sheila bair. explain that. >> the last 80 years of fiscal monetary financial history, how we got into the mass of bubbles and the fiscal and monetary crisis of today. basically using the standard of threefold items. free-market, fiscal rectitude, which we balanced budgets, we do not make excuses for deficits because you do not think the economy is not performing up to your doctor and expectation, and not using the central bank and ordered to try to centrally manage the economy and, wall street and encourage risk-taking and all of that. these are not bad people and good people. these are good policies and bad policies in well-known careers. not one party or one doctrine. so i took these individuals as examples of fiscal rectitude, and that is why clinton is on there. that is why eisenhower is on

. ♪ the 160 year old piano maker steinway has a new owner, john paulson bought the company in augustion. he has pledged to preserve their quality. we went to see for ourselves. plays]music >> at the steinway piano factory in astoria, queens, tradition rules. theyare made the same way were made 100 years ago. >> the musicality is the first thing we look at. you can implement technology and save money, time, and improve the instrument. there are other times when technology cannot do the job that a craftsperson can who and is an that wood artisan. there are certain things that artists -- there are certain things that robots cannot do. says its method of handcrafting every piece of the instrument is what sets it apart. that shows up in the price tag, 0,000 for a new concert grand. head of restoration has worked with piano's up to a century old. >> you worked on it from the outside -- the inside out, but you sell it from the outside in. >> 160 years has not disrupted steinway's following, like musicians including billy joel and wall street titans such as john paulson, steinway's newest ow

john paulson bought the piano maker for just under $1 billion and he has promised to preserve the famed but they worry that cost cutting will hurt it. we visited the plant to see how they are made by hand. >> at the piano factory in queens, tradition rules. the american company pianos are made about the same way they were 100 years ago. >> the musicality of the instrument is the very first thing that we look at. save money,ally time, and improve the instrument. that happens. as other times where technology, , can workhow advanced and there ared certain things that robots cannot do. >> their method of handcrafted every piece of the instrument is what sets it apart from competitors and it shows up in the price tag. $150,000 for a new concert grand. the inside ofon pn nose one century old. >> you build it from the inside out at you sell it from the outside in. >> five owners in 160 years has not disrupted the loyal following ranging from famous musicians including billy joel aswall street titans such john paulson, the newest owner. he lays the final touches on these piano manually adjustin

i know steve paulson's tie was hand delivered from hong kong. [laughter] >> there we go. 2014, hong kong. >> three degrees of separation between hong kong and steve paulson. good morning, everybody. i'm brian flores. dave clark has the morning off. >> good morning. i'm tori campbell. >>> let's go to steve with his tie -- >> we should explain. >> tori's husband, larry, who is a great guy, brought this back from hong kong. very nice. whenever there is a ktvu event, i always look to see if larry is there because i know i have somebody to talk to. he's a great guy. [laughter] >> we do have a lot of high clouds over us. forecast tonight might play into the forecast, that little bit of fog, upper 40s, 50s. fog came back and some of that is really thick. about an eighth of a mile. it will burn off by 9:00. most of it seems to form after the midnight hour. there's some after the coast. that's a little different twist on what we've had the last few days except for high clouds and extremely hazy conditions. that fog is only going to add to that. the visib

we will bring you the details behind john paulson's comeback, and the future of gaming is in focus as well. cutting-edge games, cross- platform engine technology, that is the match that they are betting on. with hedgeg to start funds and the case against steve collins sac capital -- steve cohen's sac capital. claimsthe defendants that calling himself can help his defense. what is the latest? >> these a lot -- these findings came out late on friday, facing trial in january, we know that he will not testify in this case and that he intends to assert his constitutional rights, but that he did produce a 40 pages of the main deposition with the sec in which he stated he made trades in shares of wyatt since acquired by pfizer based on advice from a friend and fellow hedge fund manager. they say that this bolsters the defense and he says he wants to prove that he had nothing to do with the decision to liquidate those holdings and short sale stocks in 2008, he faces 20 years of convicted. >> so, what is in the 40 pages? >> he told as a see back in may that his trades were based on advice from

>> daniel paulson is on sweet revenge slope. but something's about to happen. he tries to avoid her but instead hits a little boy who comes from behind another man. that's when the guy comes out. >> talk about the incident. he said he was really apologized. he said he and his friend skied down at the bottom of the slope, and the dad gave an apology but it have insincere. >> it inevitable people are going to get bumped in. you got to ircareful. >> i think 17-year-old dhas to e commended. i think you have a teen-ager acting better than the grownup. >> a lot to learn from this short little clip from everybody as point of view. >> we reached out of the -- they were able to amicably resolve their issues and go on with the day. the resort said they are very relieved both parties were not seriously injured. >> a regular traffic violation led to this high-spee case in con way carolina. you can see the rendezvous runs through a roadblock, passes car in the other thing watch here and see the car kind of takes an exit here to the right? it almost wrecks. those, those are

ktvu steve paulson will be here on what could be a transition from record lows to record highs. >>> new number, showing how many people are signing up for the health care coverage on the government website. . >>> live pictures from inside oakland city hall, public gathering is just getting under way. mayor gene kwan and assemblyman organized the event. as many as 20 global dignitaries are expected to speak. there's readings on mandela's writings. and a way to choir out of oakland. will perform over mandela's visit over 1990. >>> choir members from the same school, performed the trib pute at washington national cathedral. former mayor, city hall, and paid their respect to mandela and the way he lives his life. >> he chose, to forgive. and. he chose the path of peace when he could have chose the path of war much he chose in his heart, only love could conquer fate. >> mayor lee has set up a book of messages. it will be available until the close of business on friday, in san francisco's city hall. >>> south africa, thousands of people lined the streets to visit nelson mandela's flag- draped

steve paulson is here. >>> thank you. fog this morning. san jose is reporting some. once that clears and very hazy skies some higher clouds to the north bay. it looks quiet. a dry forecast far long, long time. by the coast or around the bay there could be patchy fog. temperatures inland will be a little cooler than this. air patterns a little bit more on shore. 30s for many or some 40s. i think the cloud cover holding up a few of those north bay temps. some of that fog hugging the coast or close to it. patchy fog and very hazy skies. air quality is not that good. few high clouds in the morning. quiet, quiet conditions. highs today 50s now. you turn some of that fog or mainly low 60s. here is tara. >>> we do have muni delays we want to get across to our viewers. some of the lains are impacted. 48, 54, 71 and 14. that is a loot of information we have delays through the bay shore right now we will take a a live look outside to the bay bridge toll plaza. and in lafayette highway 24 we will skip that. we will go to the maps so we can show you we do have an accident. this

steve paulson is here. >>> thank you. fog this morning. san jose is reporting some. clears and very hazy skies some higher clouds to the north bay. it looks quiet. a dry forecast far long, long time. by the coast or around the bay there could be patchy fog. temperatures inland will be a little cooler than this. air patterns a little bit more on shore. 30s for many or some 40s. i think the cloud cover holding up a few of those north bay temps. some of that fog hugging the coast or close to it. patchy fog and very hazy skies.

steve paulson says it will be pretty nice.the national weather service says you need to watch out for sneaker waves. a large westerly swell is producing large waves and strong rip currents. its in effect and will remain in effect through this afternoon. >>> time 6:14. a girl is fighting for her life. claire davis was shot in the head at point-blank range on friday. she is in a coma. police say she was critically wounded while the teenage gunman searched for the intended sicktivity of the -- victim of the attack. the school's debate team coach. >> when carl came back he was pretty angry. he felt like the suspension had rounded his chances. he killed himself after opening fire on the school campus. all through the weekend family members and friends gathered at that high school campus in sen tenial, colorado. they have been lighting candles and praying for claire davis as she struggled to survive that terrifying attack. >>> meantime nelson mandela is now buried in the village in south africa. a military procession carried nelson

where are you paulson, where are you. it will be another nice day. hazy skies. we could really use some rain, i mean really use some rain because it looks like we're going to set a record for the driest calendar year ever. there's no sign of any rain through the end of the year. things could change but there's nothing out 10, 15 days. since january in san fransisco, 5.59 inches of rain total for the entire time. the record was back in 1917 when 9 inches of rain fell and remember the records san fransisco go back to 1849. other parts of the country, are like what are you talking about, it's cold, it's snowy, awful, and here we're warm and dry. 51 to start in san fransisco. there's a lot of 50s for lows in san fransisco. 67 for a high. average high this time of year 57. temperatures will be above average here, normal highs are about 56 to 61. everyone will be above that. 70 in napa today: 67 oakland. 75 in santa cruz and 68 downtown san jose. spare the air day, tenth day in a row for those of you with respiratory problems it's been a tough stretch. may

first faye paulson of yorba exposure. now that you've clapped could you hold your applause for everyone else after i've finished the list. mohammed and ms. jones all the folks at kay hill our architect team and all the various consultants. community housing partners and castro, the city of san francisco, building department the fire department which worked closely with us on this project and the funding sources. silicon valley bank led by christen car and hudson housing capital which is ledly blake davis and the agency and the staff and a i did mayor's office of housing that worked own this project. again, i want to thank you all for giving me this stunt and finally, there's before introducing the next speaker rebecca i want to say it was my pleasure to work and partner with ac/dc. and most of all congratulate the rogers family (clapping.) and thank them for sharing ms. rogers for all those years amino >> i want to introduce rebecca from silicon valley bank. rebecca >> i'm delighted to be here for the grand 0 opening pr i

also, jim paulson who is the chief investment strategist at wells capital management in minneapolis.ve been talking about how the market's been unbelievable. ever since the taper, it's closed higher every single day. you think this is based on fundamentals. >> i do. i think the driving force, becky is the economy. and we've had rather consistently better than expected reports, maybe more consistent than ever before in this recovery on a broad array from everything from consumer sales to capital spending to claim numbers. and then also broadly globally more so than ever before. we've got better growth reports coming from the u.s., japan, europe, the emerging world. i think it's that -- it's the sense of acceleration of global economy and also a broadening global economy that's driving stocks higher. >> bob, you agree with that? >> i emphasize the word broadening, becky, more sectors, more parts of the economy, more geographies doing a bit better and that's causing investors to smile and buy some stocks. >> what are you buying? what's making you smile? >> i still think the lean toward

steve paulson will watch the temperatures throughout the day to help you get ready for your day. you can also go to ktvu.com you can find a hour by hour forecast through the area you live. >>> police in milpitas have a mystery on their hands this morning. they are trying to figure out if there was an actual kidnapping last night at a bus stop. ktvu janine de la vega is live for us in milpitas to tell us about the challenge we face investigating this case. >> reporter: right now the only lead police have is a security video that exists. a physical struggle that took place here near this bus stop between a man and a woman. now they are not sure if the two knew each other or if she was really taken against her will. police spent last night reviewing surveillance video taken from an ac transit camera that shows the incident. officers say a bus driver saw an asian man approach an asian woman between 20-40 years old who was sitting at a bus stop. now that bus driver told investigators that there was a struggle between the two and the man took the woman into the bushes of a nearby busin

john paulson's credit opportunities fund returned almost 600% in 2007, with paulson pocketing a reportedbillion. bill ackman of pershing square capital management said he plans to make hundreds of millions. both declined our request for an interview. >> it is a betting game, folks. it's a betting game. >> congress now seemed shocked and outraged by the consequences of its decision eight years ago to effectively deregulate swaps and derivatives. >> this is casino capitalism. that's what it is. it's casino capitalism. >> and various members of the house and senate have hauled in the usual suspects to accept or share the blame. >> were you wrong? >> credit default swaps, i think, have serious problems associated with them. >> it appears to be the first step in a long process of restoring at least some of the regulations and safeguards that might have prevented or at least mitigated this disaster after the damage has already been done. >> where do we go from here? >> we need the most dramatic rethinking of the regulatory scheme for financial markets since the new deal. if anything has demons

function and death proof of insurance would get the bird in the state budget in the case of tomato sauce paulson property insurance to load deep into into the daily life of the population this is a guaranteed ticket to the residents whose property was damaged in the trash such measures especially important for the residents of the region's to the high seas and fifty bc. today the insurance market because counties represented by thirty four the station seven of them liking to other companies operating under the mom like futures market chills it was different. if you compare them all so peaceful mind on last year nbc in the market to put twenty eight point six percent while insurance payments squeezed the fourteen point one percent market of general insurance increased by fifty one point two percent the most popular park his car insurance mobile drivers to appreciate the benefits of cost but the lord every day due to some upholding the law for its national probably true undeterred cheery. there simply are not the ttc related to the implementation of economic ecological compilations of the size of

let's check in with steve paulson for all the cold weather out there. >> and it's on its way.r sure. it's not too bad right now. we have mainly upper 40s, low 50s, some snow in the sierra nevada. some areas have been very windy. clearing to the north and that's the leading edge of that cold air on the way. a few showers popping up, parts of marin county, nothing too heavy, a few sprinkles maybe, richmond, san rafael bridge, some of that might be heading to the east bay. not a lot here. a couple little hit and miss guys towards san jose. one starting to move towards san mateo coast near half-moon bay. there's a few little guys bubbling up there. a lot of 50s here, a few upper 40s. the cold air is up here. it will start to move in probably after the noon hour. forecasting the high temps today is really a challenge. very dynamic cold system will continue to spin in like spokes on a wheel. windy and colder, mostly cloudy, a few hit and miss showers in the morning and clearing this afternoon. highs today, a lot of 50s, cold air comes in tonight. here's sal. >>> good morning. we are

steve paulson will be able to tell us what we can expect as we head into winter. if you are traveling today, you will not be alone. how many people are expected to pass through sfo and a check with how things look at the airport right now. ♪ [ female announcer ] holiday cookies are a big job. everything has to be just right. perfection is in the details. ♪ pillsbury cookie dough. make the holidays pop! guys... [ female announcer ] pillsbury cinnamon rolls, with cinnabon cinnamon, are an irresistible sunday morning idea. nothing calls them to the table faster. make breakfast pop! >>> new information today about inappropriate behavior in the secret service. the service is rocked by a prosecution scandal on a trip to colombia more than a year ago. justin gray is live with the results of this long-awaited internal investigation. justin? >> reporter: well, this 145- page investigation does reveal that there have been other incidents between secret service agents and prostitutes and even excessive alcohol but it proves that these are not widespread incidents. a scandal

steve paulson is here. >> it will be colder tonight, tomorrow. that's for sure. there's some possible records tomorrow. i will show you a few of those. the records in the forecast. it's brisk, refreshing, cold. some of the morning lows, cobb mountain at 18, petaluma, a couple of readings at 22. ben low bund, santa cruz mountains, boulder creek, felton, all in the 20s. menlo park, palo alto, 29. santa cruz and soquel 20. there were a lot of 20s around. we're finally touching 50. we'll end up with a couple of 52s, 53. half moon bay, pacifica, all whipped to 32. there is a freeze warning -- all dipped to 32. there is a freeze warning out. the whole area should be painted for the freeze warning tonight and tomorrow. here's the records. most all were set in 1972 if you were here. the temperature in napa, 26. the forecast for napa tomorrow, 19. oakland would tie a record. livermore would not. 23 is the forecasted low. the record is 21 and san jose would tie 29. the record is 29, 1972. maybe some low snow levels as well. i will have more on that coming up. >>> sounds go

but as steve paulson would say, so you say i have a chance. >>> chaos at a denver broncos football game. the violence outside the stadium that left four people injured. >>> when we return shocking news that reverberated from the pacific all the way to washington, d.c.. >>> good morning. northbound 101 looks good as you drive through the area. 880 in northbound traffic is also looking good until oak lands. we will tell you more about the morning commute and where its beginning to slow down. >>> slightly warmer weather in store for your friday. partly cloudy and cold. i'll have a look at your current temperatures and how warm we will be this afternoon and when we may be flirting with record warmth. i love watching tv outside. and why can you move the tv out here? the wireless receiver. i got that when i switched to u-verse. but why? because it's so much better than cable. it's got more hd channels, more dvr space. yeah, but i mean, how did you know? i researched. no, i-i told you. no. yeah! no. the important part is that you're happy now. and i got you this visor. you made a visor! yes! t

. >> there is a lot of steve paulson's out there. sun and clouds. cooler today. there has actually been a little bit of light rain. sweet little low merging with another one coming down. increasing clouds. the wind will pick up as the low forms in southern california. so windy and cooler tomorrow. and probably the lows will get back into the 20s and 30s for many. here's the one from the north. this almost push these out of the area south and east. for the morning cloudy to the south. 30s tos and 50s -- 30s to 40s and 50s. a wind advisory is out for tonight. small craft advisory there. 20s up in the mountains. cloud cover definitely holding up some of the temps here. 50 in monterey. you can see the cloud cover associated with a weak little low. the combination of the two means a cooler pattern. we will get more of a westerly breeze here. it will be windy on thursday and cooler. temperatures will settle in upper 50s and 60s. tonight north and east bay hills. i think everybody will get on a breezy pattern. turning cooler today. clouds to the south. sunny to the nort

i'm tori campbell. >> i'm dave clark. >>> steve paulson, who now has a facebook page -- >> stop it. stop it. just means more work. [laughter] >> just kidding. happy to do it. >>> clear skies, cold. a little warmer today. temperatures -- there's a little breeze here coming out of the oakland hills and also at the golden gate bridge, about 20, 25 miles an hour. it's definitely north and east. 22 to 42 on the lows. 46 to 56 at noon and then 52 to 62 on the highs. there's still plenty of 20s around but noticeably warmer and more 30s, 40s coast and bay. you get the easterly breeze. it will warm up. we still have a freeze warning. north and east bay valleys. watch for the clouds. they go offshore. they are going from land to sea and that's a warmer pattern for some near the bay and coast. it's a really cool pattern. it comes in off the valley. it's cold. cold morning, sunny. highs 50s. upper for others. near 60 as santa cruz. here's sal. >>> we're still looking at contra costa county and the fire that we've been speaking of since we went on the air at 4:30. it's still blowing smoke up int

and steve paulson will be watching the temperatures all morning long to help you get ready for your dayn also go to ktvu.com where you will find an hour by hour forecast for the area where you live. look for the weather section at the top of our home page. >>> a san jose investigation goes on into the death of a bicyclist killed after being hit by a car last night. it happened about 7:00 as the unidentified man rode his bike on vista park adrive and branham lane. the cyclist was rushed to the hospital but he died a short time later. the driver of the car stayed right there at the scene and is cooperating with the investigation. this was san jose's 25th fatality of the year involving a pedestrian or a psychingist. >>> there is a new effort in menlo park to protect bike riders from being harassed by drivers. a proposed ordinance will give bike riders and other victims of road rage more access to resources in court. it would also protect other vulnerable people out there on the road like children and disabled people. menlo park city council could get this legislation by january. >>> 7:09.

steve paulson is here with the cold weather. >> it's on its way. it's starting to filter in.e have some cloud cover. there are breaks in the cloud. a few light showers, mist, drizzle from san mateo to walnut creek maybe where you live as well. mainly just partly cloudy to mostly cloudy. windy conditions especially over to the altamont pass. scattered showers in the sierra. vig goes until 4:00 -- advisory goes until 4:00. upper 40, 50s. we've been held up by the breeze, wind, and some cloud cover. the cold air will be in tonight and also tomorrow. windy and colder today. coldest air arrives this afternoon even though it's filtering in now. partly cloudy, mostly cloudy. a few isolated showers and then decreasing highs. only in the 50s. here's sal. >>> right now we're looking at the commute and it's going to be a rough one if you are driving in many areas. i want to start off with a look at the bay bridge toll plaza. you can see traffic there is going to be busy as you drive through. it's backed up for a 20, 25- minute delay. about the only thing i can say, today's visibility is

paulson's fund is up two percent this year, and his recovery fund is up 55%.l has one big his goal fund which has strong to $370 million. cory johnson is here with me "in the loop" this morning. ever since he made those egg wins in housing, he has been scrutinized in those losses. >> he raised a lot of money in the down market. gold has been a really rough investment. aboutis excitement alternate currencies, whether it is cold, whether it is other trades, and of coarse bitcoin -- of course bitcoin. it is good to see him making a little bit of a comeback, especially in the things that work at first. lampert --ng any eddie lampert now vulnerable. senior markets are spotted julie hyman has the latest on june -- any lambert options. what is his current exposure to sears? now 48%take in sears is command that is because his clients have been asking for their money back in some cases. he recently distributed that back to them in the form of sears shares, and a reduced his stake from about 55% to about 48%. some bolts are watching the situation and sake that the inves

paulson's court has found the ceo of a company that full on sold faulty breast implants guilty of fraud and sentenced him to four years in prison the court also ordered her a good nights to pay seventy five thousand years for hiding the standard nature of his company's product for ten years the company used industrial grade silicone to make in plants that had an abnormally high above to rate the scandal caused a global health scare back in twenty eleven. at least five people have been killed in argentina and outbreaks of looting after police abandoned their posts to go on strike for more pay. on the people of the injured as the violence spreads to least nineteen of argentina's twenty three provinces all local television showed stores which shattered glass windows an empty shelves of businesses that have been vandalized. we've gathered outside weekend competing factions people smashed storefronts and hold out anything they can carry the fatalities include four suspected looters and one shop owner who died inside the shop after mops and on fire. well it's time to check out how the markets

golf other than when it came to six ish until a victory that is cool when the initial open on sunday paulson closing three under par sixty eight for sixteen and a total of sixty eight in both anything is possible that's what i have always believed in. if you have trusting in a bid to use them to all you can access any of it. the testers for you to see. i just did full of smoke and then with the flow. said that but if i don't live to finish the season as the show's number one of the hong kong open. i'm off to a bishop's in the king's cup lined up next. myskina the hindu community has a mass wedding over the weekend as many as sixty five the postman on to the minority community tied the knot. i've said many in kentucky on saturday that focused on hindu council that all the nights events that most of the brides and grooms while paul and could not afford the cute wedding expenses can do is make up but at sixty percent of the propagation in the muslim majority nation the community has been living out of chaos to see nice of targeted attacks abductions false confessions and i think it's the contin

public hearing the ukrainian capital is showing no signs of calming a course called for as how the paulson and what had some new statements from brussels on the ongoing unrest there. well on thursday members of the european parliament adopted a resolution urging for more to be done to help integration of what it calls its european partners he says the e.u. should use all the tools at its disposal including aid trade these are waivers. energy security projects and a more strategic and flexible policy for the resolution says ukrainian president viktor yana coach's decision to postpone plans on signing the e.u. association agreement was a major missed opportunity all of this comes on the day the president on a code which has sent a government delegation to brought. that deal which he says in its current form would be too damaging to the economy which is fragile right now on washington says it is considering a would consider stopping sanctions on the ukraine if violence returned to the streets of kiev. what are strong message was on the ground all policy options including sanctions are on the

him in a big show of paulson the plea. bargaining. i think to be honest the government said about where things have gone since the corruption spreads. because obviously they're trying to explain why was literally hundreds of people being chased causing prices we think with the police coming down after the. break the mob it's chilling not to see the whole taliban coming back alone. what is. expected but the scale of the turn from what you can say. well if in fact inquiry they've got the gun is the need to sort of manage to keep the small amount tricking them off to the side next in the last hour so that the chances kicks in and you think they caught it taking place right time and then the . hearing was rubble at the moment since the crash is ongoing the only volunteer you can decrease the search or or is it resident relatively peaceful. people right now and the actually making a very very cool. to protest the sarkozy said water cannon and pick up and ready the princess's not backing down and i think that is symbolic of the anger we see

we will bring you the details behind john paulson's comeback,

paulson is not commenting. sold forng tickets -- the second biggest lottery jackpot in american history. they will split a prize of $636 million. tickets were sold in san jose, california and atlanta, georgia. if no winners were drawn last night, the jackpot could have had a billion dollars. we will be back in a couple of minutes talking about going public. with stephanie ruhle. ♪ >> amc makes its trading debut this morning. abouteater chain raised $330 million in its ipo. stephanie is down with the amc president on the floor of the new york stock exchange. take it away. >> big night at the movies, big day at the movies, erik schatzker. i am here with ceo, jerry lopez. >> thank you, stephanie. >> we have seen a bunch of ceos price at the top of their range. you took the lowlands of the range. why? betterhought it would be to allow the stock to come up based on demand. we are happy. at $18 -- it is trading above $19 at the moment. giving investors pretty quick return. we thought it would work out that way. it is

joining us now is jim paulson. he wants it to.tment strategist at wells capital management. and dr. phil is portfolio manager and chief investment officer -- oh, no, it's neil hennessy. oh, i had some problems i was going to bring to you. it's not -- he has the most popular show on tv, dr. phil, did you know that? >> issues -- >> what did he say? >> good line. >> we're going to have to settle for neil. he's the chief investment officer at hennessy funds. you are jonesing for a taper so bad, you wish they'd end the whole thing this month, don't you? >> i always hope they'd end it a lot sooner already, joe. i really think if we have a controlled methodical linear taper that the fed suggests that the market's going to be fine with that. it's been well-communicated. i think they're ready for it in september showing all signs it's going to be fine. the problem is, i think it might start out a controlled taper, but i think it might turn into more of a panic taper. and the difference would be if money supply of velocity turns up, then yo

around with the total head of population estimated at around forty minute and as he's promised sarah paulson on the kinds of insights from this that long awaited independence. discriminate in the place and defined it for years that codes for the state it's in the least mcnulty fortunes have turned resilient and hopeful history is on the sign. full four thousand years could see it in iraq. not even going to tackle economy. and we need to meet independence is not far away. the raccoon out practically as an alumni that awful stayed in bed that. a stone you do that to me i was in courts a full independent kurdish state in the north of here. across the border in turkey as much as twenty percent of the population is committees. if like for independence has long been a thorn in and was signed. it would gel i always called francoeur fighters they have more weapons it will never give them up easily the seats in simulated has faced the toughest fight they're called tap in the middle of the bloody civil war. they could be something i needed to redo the people to visit and sophisticated in each of us to

aggressive with their begging the holding hostage of congress back in two thousand and eight by hank paulson on their behalf was one of the most remarkable aggressive behaviors of begging and yet we've never brought in nobody has suggested we bring in as oppose to stop this sort of aggressive behavior shaking us down constantly well you have a great example of it here in the britain you've got the big six energy companies that are gal getting customers and like the banks stealing money so the government in response as decided to give the poor president fifty dollar fifty break on their energy bills just shut them up this is what it's all about just showed up you frickin ugly brit i'm disgusted that i have to lead you your country here number ten downing street you were told me you're george osborne you know basically get a chance he would just line everybody up in britain and whip them because he's a psychopathic masochist but he'll throw them fifty quid and say as long as you don't bother me here's fifty quid shut up you stupid british idiot well let's look at some other aggressive behavior

slush fund they just crash the market like they did in two thousand and eight to get member when hank paulson got the almost a trillion dollars extortion of money from congress they just crashed the market well speaking of pillow fights h.s.b.c. got hit by a pillow right before christmas h.s.b.c. get small fine for terrorist transactions i mean for u.s. bank has agreed to settlement for transferring funds on the behalf of financier is for the militant group hezbollah the treasury department announced on tuesday concluding that h.s.b.c. is actions were quote not the result of willful or reckless conduct treasury's office and who are now assets control except a thirty two thousand four hundred dollars settlement from the bank ok so let's go back to a part where we remember the boycott that broke the spine of apartheid was the barclays bank boycott. people of the pension funds and the institutional business they were pulling money from barclays and barclays and put in motion the end of apartheid through to that bank that was seen as underwriting the new regime of apartheid in south africa so her

but president bush 43 said hank paulson of a bike to help you but i would do more harm than good but what frustrates people that are of of the supporters is there doesn't seem to be if the idea of powell of where he wants to go or how he gets there we go double down he has a staff meeting before i want to go back to my agenda of climate change to the immigration and they are in this light the state of for because they know those are not the issues. somehow we prepare people that obama is somebody to look at as a model. >> that is an interesting point because after all roosevelt was governor of your. so learning how to run a big organization or a state but then you look at senator kennedy he had no background of a big operation but he also comes in with little preparation but tickled by this incredible storm he has got this out of the worst recession since the great depression of that alone is quite an accomplishment. i agreed the second jervis i made at best that could never coveted to be but at the very least to live of legacy for future presidents to look back that obamacare not co

. >>> here is steve paulson. >> by the way if you have a twitter picture, you can send it or these are the records 1972, but the ones i am showing were testimony and and richmond district is 6, 400 in the march and i have see the 19- degree reading and officially it is 26. i have seen 16 in petaluma, graden 21, ben loehmann's scott valley, palo alto 26 degrees walnut creek, san owe the is 30 and 29, napa 21 and and her only in record territory and 11 up in tahoe, and cobb mound taken definitely and -- mountain and definitely out of the north we will have a quick shot of rain and snow levels be, upper 40s and maybe some mid-40s, especially, novato, that is just lower low 50s and all -- and walnut creek, but not much, saratoga, all upper 40s, on the peninsular 48 and 52 half-moon bay and san francisco. then we cloud it up, as we can -- if we can predict contact us. >>> apple is not commenting but there is a source that is linking up with china nobodyel. they are ruling out and and they are sharing more with cash. he will submit his annual meeting and that can drive up allel share prices

aggressive with their begging the holding hostage of congress back in two thousand and eight by hank paulson on their behalf was one of the most remarkable aggressive behaviors of begging and yet we've never brought in nobody has suggested we bring in as oppose to stop this sort of aggressive behavior shaking us down constantly well you have a great example of it here in britain you've got the big six energy companies that are gal ging customers and like the banks stealing money so the government in response decided to give the poor president fifty dollar fifty break on their energy bills just shut them up this is what it's all about just shut up you frickin ugly brit i'm disgusted that i have to lead you your country your number ten downing street you were told me you're george osborne you know basically get a chance you would just line everybody up in britain and whip them because he's a psychopathic masochist but he'll throw them fifty quid and say as long as you don't bother me here's fifty quid shut up you stupid british idiot well let's look at some other aggressive behavior by the bag