the reality is when a very savvy investor like soros or soros fund management comes in, that's a reallysign. and if you look at jcpenney, the setup, in limited downside, a lot of earnings power going out to 2017. but you've got to get through the next couple of quarters and years. last quarter, same-store sales down 30% and that uses up a lot of cash. our perspective is you want to be nowhere on this one. you want to wait to see if fundamentals start to turn. but i think soros is thinking there's real estate protection on the downside. >> you were short the stock for a time. you covered then? >> we don't take positions, we recommend positions, but we were telling our clients when johnson originally got in and ackman originally got in that we didn't think the turnaround was going to be as quick as what they thought and that's actually what turned out, so we were recommending being short two years ago. they used a lot more cash flow than anybody expected to kind of implement this turnaround. they kind of lost a lot of their customers, and as a result, we've just seen this thing drop drama

the where the concerned trolls they cut and paste are concerned for your well being oh my god george soros is selling his paper gold just like he did last year and the year before that and the quarter before that every other quarter before that of course he is and was buying the paper gold right back after the headlines concern trolled you into selling your real gold and in the meantime having sold or real gold you are now no longer a hedge against inflation deflation confiscation stacey or max they're so concerned for your well being they're only telling you this because they're worried about you gold bubble scene turning to bear market by soc gen on recovery investors are unlikely to resist gold holdings because inflation has remained low signs that the economy is improving may spur the federal reserve to curb stimulus and the dollar has strengthened stopped and said today in a report oh this is a financial narcissism because the dow jones is hitting all time highs but that down jones is the inflation the money printing eighty five billion dollars a month by ben bernanke is being front r

. >>> but first, george soros has suggested while the governor kuroda has shown courage, the move could send japan into a free facility. >> what japan is doing is actually quite dangerous because they are doing it after 25 years of just simply accumulating a deficit and not getting the parliament going. what they are doing to get something started, they may not be able to stop it. >> joining us for the first part of the show today, raja federa. what do you think about what the bank of japan is doing and the spillover effect for those who think we're going to have a bounce from japan. are we going to see the spillover from the size of this quantitative easing? >> i think first of all, put yourself in the japanese shoes. you basically have your yen/dollar 110 three or four years ago before the lehman collapse. then the two, three-year losses of subprime in america basically put pressure on bernanke and the fed to bail out the u.s., how the u.s. bails out itself, quantitative easing and brings the yen/dollar to 78. if you are japanese, you'll probably get pissed and say fight back. kuroda

for the gold market we're going to go that way that george soros is a peanut compared to china compared to india compared to these global macro trends he's a he's a parasite he's an opportunist doesn't make him a bad guy doesn't make him a bad traitor but i wouldn't use him as an indicator of anything other than george soros now the other concern out there is this our bitcoins killing gold price the use of big queen seems to have increased dramatically in spain italy greece cyprus and elsewhere in southern europe over the last two weeks this is most likely driven by increased concerns about the future value of the euro historically these kinds of concerns would have had investors headed for the safety of gold instead the value of big points a shot up in relation to the euro and remember during the cyprus crisis there was a one point three million dollars purchase and mt gox for bitcoins and that's the thing is like you know they have capital controls they have people at the airports looking to see if you have more than a thousand euros cash however if you have a thumb drive. you can cro

well here is george soros is former advisor to keshi future maki he likens it essentially to kamikazeso by the way it was two hundred seventy trillion yen that they seek to expand their monetary base not two hundred seventy trillion dollars though i'm sure they would love that marquee says about corrado the new head of the bank of japan he says carruthers q.e. announcement is declaring double suicide with the government the b.o.j. will have to share of the country's fate and default together there is no escape he says from a market crash in the future well the japanese monetary policy is a noble form of suicide just like in some other cultures and religions they have suicide bombers they they believe this is a noble form of suicide in japan there are noble suicide is to commit monetary harry carey and so they're going to make a religious statement it's become a religious statement for them to commit suicide on behalf of american consumers so for democracy says that they're going to have a market crash because of all the debt you can't have that sort of debt he says and stay solvent ho

well here is george soros is former advisor to keshi future maki he likens it essentially to kamikazeso by the way it was two hundred seventy trillion yen that they seek to expand their monetary base not two hundred seventy trillion dollars though i'm sure they would love that remark he says about corrado the new head of the bank of japan he says carruthers q.e. announcement is declaring double suicide with the government the b.o.j. will have to share the country's fate and default together there is no escape he says from a market crash in the future well the japanese monetary policy is a noble form of suicide just like in some other cultures and religions they have to . bombers they they believe this is a noble form of suicide in japan they're noble suicide is to commit monetary harry carey and so they're going to make a religious statement it's become a religious statement for them to commit suicide on behalf of american consumers so food democracy says that they're going to have a market crash because of all the debt you can't have that sort of debt he says and stay solvent how muc

george soros had nothing to do with that decision.t who follows retail at that company. but what is central to the near-term future of jcpenney is its ability to fund itself, given it is at least still at this point, burning through cash. and on that front, we may soon hear some news, as the company and its advisers go through a variety of proposals to try to decide what it is they want to do to raise what seems very likely to be a significant amount of debt, not equity. there's been fear there may be some debt offering, also by the equity offering. that is not the case, at least according to what i am picking up in the capital markets at this point. more likely, something being put together right now by goldman sachs. sources telling me goldman is in the midst of rounding up financing for jcpenney. it has commitments of roughly $1.75 billion right now for a term loan with a coupon slightly above 7% and no equity component. that loan would be backed by real estate, real estate leases. they have a number of below-market leases that hav

soros is obviously brilliant. he could be right about an avalanche. i don't think that's going to happen while the other currencies, scott, are racing to the bottom. it's an interesting trade. i would be cautious as an individual investor in japan because this is a big boy's market. and it's also an empire hedge fund crushing market. so be very, very careful. >> you don't have any sort of hesitance in the fact you're a guy based on the business that you run is putting a lot of money with hedge funds here and hedge funds there, hedge funds everywhere? >> not at all. >> you have no worries about that money being placed in that trade? >> no, and i would also say we run a registered fund so this stuff is public information. we have a very large investment in third point. we are registered there. and so i have an enormous amount of confidence in dan lobe. i think he's one of the ledge tear investors of our generation, the generation of the people at this table. >> quickly weigh in here, i'd like to argue with you, but today i kind of agree with him. i thin

. >>> billionaire investor george soros is taking a passive stake in jcpenney. he has 17 million shares. jcpenney has no comment on the soros stake. >>> still ahead on the program, a new report tells us whether we'll soon be paying more at the grocery store. but first, how commodities, treasuries and currencies fared today. >>> if you think you've been paying more for your groceries lately, you are right, the rise in food prices this year won't be as high as earlier forecast. jackie deangelis tells us which foods we'll be paying more for, which may be cheaper and why. >> it's still cold across the plains, but the latest usda forecast is a little warmer. with the overall food costs rising 3% this year, slightly less than thought before, but slightly more than the 2% increase in 2012. a family spent $197 a week on food for a famil four. a year later, topping $200 a week. one big change, fruit and vegetable prices dropped slightly last year. food could be even more expensive if the weather doesn't improve across the nation's heartland. last year's drought followed

george soros, friend of the left, buys a 7.9% stake in j.c.enney, look at the stock near a 5% gain. let's bring in john layfield, are you in sunny bermuda? yeah, you're always in bermuda, driving us crazy. what do you make of that? forget the politics for a second. he's gone bottom fishing, do you think he's made a good investment? >> no, i don't, unfortunately. i'm the not going to question mr. soros, a great investor, but he has other retail plays, home depot and wal-mart, which i think are good plays, this is his third holding, aig and a significant holding. he, like mr. buffett is making a bet on the american consumers returning. stuart: is it a real estate play? a lot of the store chains are sitting on real estate that's more valuable than the store itself. >> it could be, j.c. penney has not-- it's unique to go into apple store and get wonderful service as apple provides and having a bit after hard time. most people going to store as a store front display and then go home and buy on-line and because j.c. penney has not invested in their

all over europe in america attending the conference including bill gates christine lagarde george soros and the excitement is understandable as well america and europe have been dealing with an ongoing economic recession china's trade volunteer skyrocketed for example the trade wall between brazil and china in two thousand and twelve alone has reached a whopping one thousand percent or seventy five billion u.s. dollars the same happen to other countries in the region they can china their number one trade partner the place previously occupied by the u.s. on the top of that china and brazil have recently struck an agreement to ditch the u.s. dollar and trade in their own national currencies similar agreements have been made between china and russia and china and australia china's rise has certainly faced criticism and accusations of currency many feel lation from washington d.c. is the u.s. is feeling that is losing its position as the world's leading economy. but china consistently demonstrated its resilience in diplomacy and its independence in the economic decision making so the tropic

soros. david: thank you, very much adam.ek we got word that another government green energy sector is on the verge of bankruptcy. fisker karma failed on monday to repay almost $200 million in loan money from the department of energy. it is closing down operations and estimated to lose over $500,000 for every car that they sell. now there is word that the government micromanaging of the car company made a loss is even worse. we would welcome our next guest now. next, losing $500,000 per car, for every car -- that sounds like a terrible thing. is that possible? >> it is not possible to succeed, that is why they are in such financial dire straits. this is the problem when we have the government investing in things of the private sector should be investing in. we don't know how to manage risk and reward properly with using taxpayer dollars and this is what happens. speech it was this a bad debt from the beginning? personal investors, toby smith and some others some private sector folks, partly based on the government initiating

george soros is taking passive stake, 7.9%, in jcpenney.igher after a rough couple of weeks. david: we want to take you off the desk. robert kennedy center for human rights and justice offering a chance to sit down with apple ceo tim cook at the company's headquarters in cupertino. 54 bids were placed for the meeting. the top bid reaching a whopping 190,000. the last day to place a bid, may 1th. liz: buffett gets 2.1 million for lunch. we asked you on facebook and twitter if you had the opportunity to have lunch with apple ceo tim cook, what would you ask him? kelly on facebook wrote in to say, quote, i would tell cook to do a stock split so i can afford to purchase apple stock. david: not a bad one. this is my favorite. brian on facebook wrote in to say, do you miss steve jobs as much as i do? i have a feeling, sneaking suspicion that brian is a stockholder of apple. liz: so in the after-market we're watching all of these names and much more. you can go on foxbusiness.com and get the latest on all that. but melissa francis will have much m

well here is george soros is former advisor to keshi future maki he likens it essentially to kamikazeso by the way it was two hundred seventy trillion yen that they seek to expand their monetary base not two hundred seventy trillion dollars though i'm sure they would love that marquee says about corrado the new head of the bank of japan he says carruthers q.e. announcement is declaring double suicide with the government the b.o.j. will have to share the country's fate and default together there is no escape he says for a market crash in the future well the japanese monetary policy is a noble form of suicide just like in some other cultures and religions they have suicide bombers they they believe this is a noble form of suicide in japan they're noble suicide is to commit monetary harry carey and so they're going to make a religious statement it's become a religious statement for them to commit suicide on behalf of american consumers so food democracy says that they're going to have a market crash because of all the debt you can't have that sort of debt he says and stay solvent how muc

filing just crossing over showing that george soros' fund company, soros management, has taken a nearly 8% stake in jcpenney. this makes soros what looks to be the fourth largest shareholder of jcp shares at the moment. a couple just behind bill ackman with persian square capital management. but certainly a big vote of confidence by jcp, which has been beaten down in recent quarters and recently saw the departure, maria, of ceo ron johnson amid disappointing results. could be a big vote of confidence coming from a highly respected investor. we'll be getting more details as soon as possible. >> kate, thank you so much. the stock is moving for sure on this news. and we immediately saw the stock take off, as soon as that s.e.c. file crossed. let's get more now on amazon earnings, as we spoke with earlier, r.j. hadevi. he's with me again from morning star. also with me is aaron kessler from raymond james. aaron, let me kick this off with you since r.j. and i have been discussing this. what was your take on the amazon quarter? >> the numbers look fine. i would say revenues looked a little li

george soros buying a 7.9% stake in the stock. it hit a low on april 10th.ort interest on this one, 47%. guys, back to you. >> slim shady, what do you think? doing the same trade? >> i'm not in jcpenney. i was in it through some of the options. jcpenney got nothing but negative news. it came down to 14. held that 14 level. we talked about it. the question was, what's going to be positive. what's going to get it to bounce? george soros taking an 8% stake is a positive. the company has a few other things out there. one is the reit structure that's been talked about. two if they bring in some sort of positive news about sales or about anything, if you get the slightest hint of a positive you'll see short covering. >> i'm not sure george soros has ever walked into a jcpenneys in his life. let's get to john harwood standing by breaking news in d.c. >> the house of representatives has voted. the gavel has not come down. still some votes outstanding, and they have voted to agree with the senate to end those faa delays to avoid the furloughs of those air traffic con

george soros, 7.9% stake revealed in regula filing.inancing being prepared for goldman sachs for jcpenney that is help being to move this market. david: on the other hand which had am none. -- amazon. we had an idea it going up and down after reporting earning yesterday but done nothing but going down today. >> when you talk about the growth concerns and outlook that hit amazon. as a result that is under pressure much like starbucks. liz: after a run-up of 15%. 15% move. cliff natural resources is falling. a struggle bell for this company. >> cliff natural resourceeen sue stock. they had a big jump yesterday pulling back 4%. we'll keep an eye also on apple as we go into the close. david: let's focus on positive. apple is up 2% today and 6% for the week. that is nice reversal of fortune. [closing bell rings] liz: what a week it has been. a lot of news flow, a lot happening but the bells clang on wall street and close the session today on a week of very busy trading. here is how the dow jones industrials finishing up. the high of the ses

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not this time but in 2004, george soros gave a huge amount of money. i'm going to get more cosmic issue here whether this is good for democracy or not on other side? >> the law is the law. right now with the citizens united, the law says an individual can basically write unlimited check to a super pac 527 organization. it would require a conversation from both sides, republicans and democrats saying what should the law be going forward as it relates to campaign finance. should it be people can give unlimited amount with complete disclosure. can there be campaign limits and no super pac? that's in discussion i think both sides have to have. you can't just say republicans are the party of big money where we're going to get people writing million dollar checks. that happens on both sides of the aisle. there's plenty of data to show that. i would be open for discussion with both parties saying what actually works going forward. i would be in favor of complete disclosure. it happens with the unions as well. the idea that the democratic party can raise hundr

george soros, nancy pelosi. who? who assigned you to do this?> actually it was my professors in my class. it was the term paper for our project. we had to replicate someone else's paper and learn all the techniques in it. >> stephen: you went to replicate these findings and then what happened? >> well, you know, i tried to build the data myself from all the publicly available sources but i just couldn't replicate their negative average. >> stephen: did you start recalculating? >> i did. it took a couple of emails. they were polite enough to give me their spreadsheet. once i got the spreadsheet, you know, i was able to identify the error pretty quickly. >> stephen: yes, yes. well, it was fine with them for you to have the spreadsheet. >> they told me that feel free to like publish whatever results i had. >> stephen: then you had the balls to actually publish whatever results you had. >> yeah, you know, i thought it was a really important message and really upon story so i wanted the profession to hear about it. >> stephen: when you first saw thes

soros fund management -- >> why, david? what does he see? >> the key here is not george soros.you without a doubt he had absolutely nothing to do with this. they managed $26 billion. 16 billion of it's outsourced and 10 billion is inhouse and this is a tiny, tiny position and all of that being said someone thought let's take a shot. >> do you think people just said on the valuation basis it's not going under and let's just buy this on the deutsche bank? >> and maybe you also -- good point, potentially and maybe you just get a decent short squeeze. maybe if you're soros you participate in some sort of financing if it comes down the pike and maybe there's some sort of convertible, i don't know, but don't go thinking george soros is taking a -- it's .1% of money managed in the management. this is not breaking the british pound is what you're saying and this is not something that soros himself would be involved with. >> i think people at home buying something based on someone else buying it you have to be careful. you have to do your homework and you have to believe that they can g

penney it's a much- needed boost from george soros.ter the had a fund mobil said he had taken a 7.9% stake in the retailer. investment is worth nearly 265 million at yesterday's closing price of $15.24. soros joins fellow had fun celebrity bill at man as one of j.c. penney's major shareholders. earlier this month, the troubled retailer announced that ceo ron johnson was leaving the company after just a year and half. >> the golden state warriors will be suiting up against the denver nuggets. the jackie sissel is standing by oracle arena where they will be playing tonight. also the a's next door at 0 dacko. >> it will be a big night at the oakland coliseum but it is basically all about playoff basketball. for the first time since 2007 >> we're having some problems with the sound. jackie was saying they will have large crowds expected at the coliseum, it has been awhile since the warriors then in the playoffs. at next door at at the coliseum they have the a's. it will be packed. your best bet is to take mass transit. you have beecan expe

soros? >> there are so many issues where we don't have the certainty on the euro area side. we had the greek debt write-down and haircuts on depositors in cypress and cypress threatening the euro. that's the closest we came to the euro ceasing to exist in the form it was intended to be. i think there were many, many uncertainties. we hope that by june there will be the next summit and that will be able to make some kind of progress on banking union because that clearly is very important. i realize that cypress was a special case here and there were particular problems with a lack of capital in the banking sector and very high nonperforming loans in relation to bank capital. there were perhaps some special reasons for cypress. the concern really is that policy is being created on what seems to be a rather ad hoc kind of basis and that creates uncertainty here. i can see where europe was coming from with respect to cypress but it has been taking large risks and it becomes urgent to get the banking union now running in a smooth way. >> soros says eurozone governments guaranteei

lori: what does george soros think? j.c. penney getting a nice boost. is up and down on the dollar right now are as we head to break. hewlett-packard leading the way. we will be right back. . . [ male announcer ] you are a business pro. governor of getting it done. you know how to dance... with a deadline. and you...rent from national. because only national lets you choose any car in the aisle... and go. you can even take a full-size or above, and still pay the mid-size price. this is awesome. [ male announcer ] yes, it is, business pro. yes, itit is. go national. go like a pro. yes, itit is. hey everybody, hi mom... ♪ streaming live with a tour of my new place... knowing you can still reach out. ... annow you've seen it. that's powerful. verizon. get mom a lucid 2 by lg for free. we don't letrequent heartburn come between us and wt we love. so if you're one of them people who gets heartburn and then treats day afr day... block the acid with prilosec otc and don't get heartburn in the first place! [ male announcer ] e pill eachmorning. 24 hours. zero he

. >>> and jc penney gets a shot in the arm as billionaire investor george soros buys a stake in the struggling chain. jc penney has been exploring ways to raise more cash after firing its ceo last month following a disastrous year that saw sales slump 25%. >>> and disney settles a dispute with amc theaters allowing fans to buy advanced tickets for "iron man 3" which comes out next week. disney has been fighting with amc and other theater chains over how to divvy up the box office take from upcoming movies. richard? back to you. >> yeah, i'm looking forward to that blockbuster. thanks. >>> earnings front, samsung weighed in with record first quarter profits, one day before the u.s. release of its latest galaxy smartphone. some williams-sonoma stores in boston have pulled pressure cookers after it was confirmed that similar pots were used to construct the deadly marathon bombs. the fda has stopped imports of cucumbers after the cdc linked them to 73 cases of salmonella in 18 states. forget politics and religion. a new study finds most people surveyed are more comfortable discussing with stranger

george soros is putting in $52 million every year into left wing journalism.u know how upset you liberals are with that? there are 30 representatives from 30 media organizations on his advisory boards. that's the collusion. that's perfectly okay. but just to think that the koch brothers might be trying to influence policy. and by the way, one last point. it's silly what you said about your analysis about me. i have never suggested people can't walk off the job. but the point is, i gave you a litany of examples from our perspective, and never once has anyone suggested that somebody shouldn't work at a newspaper owned by warren buffett. >> go ahead. >> first of all, warren buffett has a long track record as a director of the "washington post" company and is the owner of the "buffalo news" of not interfering in the newsroom. long, distinguished record in that regard. different than the koch brothers who have no record other than to be shown not only to be really rather thuggish in their political behavior, but even in the cato institute was going in a direction t

are we expecting any major changes to come from the soros investment here or do you see it as a voteence? >> yeah, it doesn't steam be that it's going to be any activist type of role for soros as far as we know. it's a very passive stake and he is investing 8% basically in that company now. and that really is what jcpenney needs right now is confidence. lost a lot of it on the street, of course. you know ceo ron johnson is no longer with the company. and board member steven ross filled up nearly half of his company's stake in the retailer. he remains on the board, so that was unnerving to the markets, of course, to have a board member say forget it and sell off 50% of that stake. there's other issues going on so there's some wording if it has more to do with that. still, it's exactly, i think, what jcpenney was hoping to have, a vote of confidence from someone like george soros that is very respected in the wall street community. >> now they need better products, pricing and execution. >> there is that. >> courtney, thanks so much. great to see you this morning. >> did a lot of study

sort of the white knight the savior and i'm just this week we sort of heard from billionaire george soros who actually came out and said that. germany should either have backed back the euro bond that essentially collective death right there or just leave the eurozone just underscores how unstable things i am in germany actually jacobson says that all the mockery cannot make matters that what the broadly used before such is going to stiffen easing absolutely exhausted and what japan is now doing is injecting trillions of young into the economy will only prove that it will never work and we've compared the whole world is doing it and you have to remember when everybody's doing funny today easing and everybody's currency manipulating we're bagus grab one no one has a competitive advantage so the reason i'm very positive is currency rates always comes at the end of the many police and cycles so my positiveness conscious fact that i think we are going to decide in terms of macro many police and policies because they are clearly not working while on employment going on we've quantitative easin

billionaire investor george soros was in germany on tuesday he summed up his attitude about germany's role in the european bailout by saying it should either back the idea of collective debt read euro bones or leave the euro zone. and it's time now to check out some of the numbers the markets on wall street where trade is pretty active this hour we see all lot of optimism in the stocks extended choose these gains with the s. and p. five hundred touching an intraday record thanks for the most part to the latest earnings. while they're meeting or even sometimes beating investors' expectations we'll see if that trend continues now moving on to europe there we also saw a pretty upbeat picture outstanding gains on wednesday more than two and a quarter percent for germany's dax that's pretty impressive we saw some good news coming out of china which many investors still see as the locomotive for global economic growth the chinese imports for the month of march beat the forecasts now move it on to the currency markets what we saw there is the euro extending its gains against the dollar and m