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Oct 24, 2013
10/13
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the ponzi king spoke to our scott cohen about that very topic. that's coming up next. >>> plus, they call him the bishop of bling. the vatican expelling a german bishop over a $40 million renovation of his residence. you have to see it to believe it. and we'll show it to you. >>> and the next chapter in the da vinci code. this is not a book or a movie. it's real life. and it is unfolding right now in italy. stay tuned. (announcer) at scottrade, our clients trade and invest exactly how they want. with scottrade's online banking, i get one view of my bank and brokerage accounts with one login... to easily move my money when i need to. plus, when i call my local scottrade office, i can talk to someone who knows how i trade. because i don't trade like everybody. i trade like me. i'm with scottrade. (announcer) scottrade-proud to be ranked "best overall client experience."
the ponzi king spoke to our scott cohen about that very topic. that's coming up next. >>> plus, they call him the bishop of bling. the vatican expelling a german bishop over a $40 million renovation of his residence. you have to see it to believe it. and we'll show it to you. >>> and the next chapter in the da vinci code. this is not a book or a movie. it's real life. and it is unfolding right now in italy. stay tuned. (announcer) at scottrade, our clients trade and invest...
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Oct 30, 2013
10/13
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scott cohen reporting. we turn to cnbc.com's health care reporter who has been joining us a couple times over the past week, dan mangan has been following the latest. you have a story today where you talk about an executive, e-health i think is the name of the company. >> the ceo of the company. >> he says he can fix the website. why does he believe this? >> he says he can take over the shopping enrollment of the website with the fed gets their act together. he wants to do that. it seems like a viable plan from his end. he can handle the capacity. all the other web based proekers could easily handle the capacity. >> what's his nick until this? want to do it pro bone o? >> nos cost to the taxpayer at all. >> the ceo will be on the closing bell. gary lauer, no relation to matt we assume, on at 3:00 p.m. on "closing bell." i'm sure maria and bill will question him about his offer and why he can could this. >> at length. >> one of the things that came up this morning something you talked about and questioned th
scott cohen reporting. we turn to cnbc.com's health care reporter who has been joining us a couple times over the past week, dan mangan has been following the latest. you have a story today where you talk about an executive, e-health i think is the name of the company. >> the ceo of the company. >> he says he can fix the website. why does he believe this? >> he says he can take over the shopping enrollment of the website with the fed gets their act together. he wants to do...
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Oct 8, 2013
10/13
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senior correspondent scott cohen is live in manhattan at the courthouse with the latest. tyler. five years out this could be the clearest look yet inside the fraud that shocked the world. bernie madoff, to this day, insists he acted alone. the feds are out to prove once and for all that he did not. five former employees on trial, they include daniel, the former head of operations, who was a 40-year veteran of the firm, and annette, madoff's assist the and account manager, 40-year veteran, joanne, an account manager with the firm, and also jerome, and george, who both designed some of the software. all are accused in various ways of falsifying records helping to cover up the fraud, all have pleaded not guilty. picking a jury in a case that involves the most financial fraud of all time is no easy task. they started with a panel of about 400 people. they filled out questionnaires last week. that weeded out about 160 of them. they are slowly but surely questioning them not just about the household names involved in the fraud like bernie madoff and members of his family but the
senior correspondent scott cohen is live in manhattan at the courthouse with the latest. tyler. five years out this could be the clearest look yet inside the fraud that shocked the world. bernie madoff, to this day, insists he acted alone. the feds are out to prove once and for all that he did not. five former employees on trial, they include daniel, the former head of operations, who was a 40-year veteran of the firm, and annette, madoff's assist the and account manager, 40-year veteran,...
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Oct 1, 2013
10/13
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when we come back this morning, the government shutdown is on, scott cohen will rejoin us from nasa's about 6% of civil employees are cleared for work today. >>> and texas governor rick perry we'll get his take on the government shutdown. ♪ the world is changing faster than ever, creating new opportunities for those who stand ready to seize them. in a time when the biggest risk is playing it safe, we believe outshining the competition tomorrow requires challenging your business inside and out today. at cognizant, our flexible, collaborative approach helps forward-looking companies not only run better, but run different... to give your customers every reason to keep looking for you. so if you're ready to see opportunities and see them through, we say: let's get to work. because now more than ever, the future belongs to those who challenge the present. >>> welcome back to "squawk box" this morning. let's take a look at stocks in the news. they're going to be helped by the dow jones industrial average. shares are higher in premarket trading on news of a cost cutting program that would tr
when we come back this morning, the government shutdown is on, scott cohen will rejoin us from nasa's about 6% of civil employees are cleared for work today. >>> and texas governor rick perry we'll get his take on the government shutdown. ♪ the world is changing faster than ever, creating new opportunities for those who stand ready to seize them. in a time when the biggest risk is playing it safe, we believe outshining the competition tomorrow requires challenging your business...
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Oct 23, 2013
10/13
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cnbc's senior correspondent scott cohen is on the phone from detroit. y split this case up into two parts. how important is this next stage? and what is going to be considered? >> well, it's a pivotal phase, ross. judge steven rose has to decide whether detroit is eligible for the protections of the bankruptcy code and whether it can go ahead with what would be a sweeping reorganize of the stid's finances. but there are a number of entities that are objecting to that, primarily the city's employee unions and retirees who would likely see big cuts in their pension benefits if this reorganization goes forward. they say that those are -- those cuts that the emergency manager who is now running the still is unstieshl. they're not legal. that's what they will say in front of a judge when this trial begins today. even if the judge says the city can go ahead and reorganize and make all these cuts and be free from some of that south si$18.5, then there begins the whole process of the reorganization plan. then the city would reorganize by march of next year, whic
cnbc's senior correspondent scott cohen is on the phone from detroit. y split this case up into two parts. how important is this next stage? and what is going to be considered? >> well, it's a pivotal phase, ross. judge steven rose has to decide whether detroit is eligible for the protections of the bankruptcy code and whether it can go ahead with what would be a sweeping reorganize of the stid's finances. but there are a number of entities that are objecting to that, primarily the city's...
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Oct 28, 2013
10/13
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insider trading in the market. >> scott, one way to look at it is -- >> none of us sanction insider trading. >> i'm saying the tone of the conversation is that mr. cohenvictim. >> but they've got a scapegoat a few people. what they hope to do is hole those people up as an example to scare the rest of the people and mark cuban's case, they had to drop the case. look, they're upset. you guys didn't get the madoff thing right, you are on a witch hunt for everybody. why don't we stop it at this point? >> in fairness the s.a.c. case, filed in late july and the preceding case of the s.e.c. against cohen personally, this comes after years of convictions of former s.a.c. traders who acknowledges their role in some sort of insider trading. some way of looking at it u.s. versus s.a.c. case from july 25th is simply a couple minuulm that. the corporation's liable for the bad actions of current or former employees. so it's a follow on effect. >> no one sanctions insider trader. >> of course not. >> i don't like the witch hunting, that's all. >> let me make the point as well. there was a poll conducted earlier this year by a hedge fund association that showed aston
insider trading in the market. >> scott, one way to look at it is -- >> none of us sanction insider trading. >> i'm saying the tone of the conversation is that mr. cohenvictim. >> but they've got a scapegoat a few people. what they hope to do is hole those people up as an example to scare the rest of the people and mark cuban's case, they had to drop the case. look, they're upset. you guys didn't get the madoff thing right, you are on a witch hunt for everybody. why...
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Oct 22, 2013
10/13
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cohen has the little talk show. she wants to be on it. kudos to her. melissa: i mean, isn't that the bottom line, scott?on't you feel like when i was reading all this and seeing follow-up and she is online and everybody is tweeting, whatever, she is gathering material for a book. to me it's, maybe i'm cynical, this is the ultimate commercial move where she is just trying to get chatter going, very smartly at a young age so she can get out there to write a book or whatever else. >> she is playing everybody and probably even her future professors in college. think of all the great essays that will come from this because she is throw back a lost arguments to people. people who attack her she attacks them back. they attack her back. you're giving her material to go out in life to make tons of money. melissa: this is funny quote. people give gwyneth paltrow, whatever, grief, for saying she can't live like someone who is $25,000 a year. the statement is accurate. she was born in hollywood reality. the point, she is not a liar. she may be a lot of things but people who pretend to be poor to relate or hide the
cohen has the little talk show. she wants to be on it. kudos to her. melissa: i mean, isn't that the bottom line, scott?on't you feel like when i was reading all this and seeing follow-up and she is online and everybody is tweeting, whatever, she is gathering material for a book. to me it's, maybe i'm cynical, this is the ultimate commercial move where she is just trying to get chatter going, very smartly at a young age so she can get out there to write a book or whatever else. >> she is...