with michael steinberg. i want to zero in according to law enforcement authorities, they were zeroing in on e-mails. that is these damning e-mails have popped up already. this is what is at issue. you can see an e-mail from the tech analyst portfolio manager who says i have a secondhand read from somebody at the company, meaning tha dell. by the way, it is saying this is a third-quarter i have got to misread from dell. this e-mail went out to michael steinberg to be extra sensitive, please keep that stuff on the down low. let's go to the next level of e-mails you will see here, e-mails from michael steinberg. normally we would not divulge data about this information so please be discreet, thanks. these e-mails came in and around the earnings report and what happened was the sec d. 600,000 shares in dell before the earnings release. the stock eventually had a negative read on the earnings sf the stock plunged 13%, so these e-mails are key. adam: those e-mails look kind of week. you'd expect them to be discuss

case, i never bet michael steinberg, this is a interesting case. remember they brought -- charges involved. him receiving inside information, from on two stocks, nvidia and dell. liz: nvidia, a graphic chipmaker. >> that is great, he allegedly received insider information from a corporate or in the case, a former analyst. john hor vat who received it from someone else. when inside information gets washed between 4 sources, the question becomes is it public. liz: is that the term, washed? >> like money laundering, but it is goes through those levels, right, and washed through the levels, is this clean? is the dirty information clean when it reaches its ultimate source, michael steinberg is not saying give me that insider information, he is saying i assume it you got it from a source, and that guy got it from a source, that is the problem with the case, if you read the indictment it is based on information that has passed through three levels, one thing they have againstraj it is direct. it is on tape how he got it, it he trades on it, if there is on

in the meantime i'm reading what steinberg knew allegedly about dell. michael dell even have as good information aboutsteinberg about dell? it's entirely possible. once dell was watching his data and steinberg had his data allegedly, i'm going to throw this allege ledly because i'm a statesman. >> you can't do enough allegedlies. >> it was known by steinberg and maybe michael dell and then the guy frantically selling. >> there was a guy that likes dell and doesn't like dell and immediately dell was offloaded allegedly. >> i will say that all of these prosecution that have occurred, are you with steve raj? you go out to dinner with these guys? you are on a first name. >> that's true. i actually never did speak, thankfully to raj. >> probably for the best. >> he was not a source, i would point out. but i also spoke to raj and i'm just going to go with the three letters, all right? it has had the effect of cushing this behavior, don't you agree? and i was wondering if the lack of performance was to a certain extent because nobody's doing this anymore. they

these are from michael steinberg.ese emails were sent in and around august of 2008, in and around dell earnings report. normally we would never divulge data like this so please be discreet. thanks. another was talking to steve h cohen about dell earlier today. what's going on is the federal authorities are trying to get michael sneinberg to flip, to provide testimony and evidence against steve cohen. he does face at least 20 years in prison. he faces four counts of conspiracy fraud and one count of conspiracy. earlier another executive at s.a.t. capital did not flip. he has stuck fast. he's saying he's not guilty. michael steinberg saying he's not guilty. steve cohen has not been charged but more and more emails are coming out and providing some damning evidence against the s.a.t. executives. cheryl: still tough to prove, even if you're steve cohen. >> that's right. cheryl: thank you very much, liz. well, despite rising commodity costs, california pizza kitchen enough to bring changes to their menu. one year after the

steinberg never indicated that her employees ever reported anything but we encouraged them to report it to the department of health. prosecutors found that the health department had not inspected gosnell's clinic in 17 years even after the death of two patients. closing arguments will begin monday. >> reporter: today the white house says that president obama has canceled plans to speak in washington on thursday night. he will speak to the organization's supporters at a smaller event friday morning. bret. >> shannon, thank you. a priest who has spoken out at pro life rallies has asked a judge to have funerals for the remains of those who were aborted in the gosnell facility. father frank pavone says he wants to treat the remains as human bodies not medical waste. >> one is to properly honor these children, of course, who

but steinberg isn't the only one that the government is after.re are more above and then, of course, the top man that they are very interested in. seth is a managing partner, he's an attorney who's looked at a lot of white collar crimes, dealt with them. when you heard about what happened friday and what went down, that they yanked michael steinberg right out of his apartment on park avenue, put the cuffs on him, he wasn't allowed to turn himself in, no fancy treatment, you get treated like everybody else, what was your first thought? >> well, my first thought was that's an aggressive chess move by the federal prosecutor. looking at it in the big picture, we have a lot of events going on, particularly that day. last friday. it was not fun friday for sac capital. of. liz: not at all. >> there was a rejection of a potential landmark settlement for about $615 million which the judge said hold on a minute, there's no admission for -- of wrongdoing here. you've had this major development with this arrest in the early hours on friday, and i think that'

steinberg has made it very clear, he understands the significance of keeping the german export sector humming. does it matter which party actually wins the election? does it matter which coalition will come out first? what is the impact going to be on german stocks? >> well, i think it's a little bit delicate. we have seen that there is indeed a deterioration in german competitiveness of late. we have seen unit labor costs rising. so i think all the measures that have been put forward by the spd are not really something that will improve the competitiveness of germany going forward, of minimum wage, for example. so i am skeptical that the spd could boost competitiveness. >> what does it mean for stocks and the sectors you want your clients to invest in? >> basically, we are overweighting cyclical stocks, we are overweighting also the low rated value play. i think later in the year, this might happen, anyhow. we might think even about going to -- here in the cyclicals base for german equities. if you think that the head wents might increase somewhat. >> obviously, ur not a political an

>> they're actually showing quite a bit of support for michael steinberg, this man who was indicted on five different charges of securities fraud stemming back to insider trading. this is an outgrowth of a prosecutorial effort that goes back five or six years. most people think they're going after cohen personally. they sought to distance themselves from the nine employees who were implicated. but they said that michael steinberg is a highly ethical guy. >> yet, he's been on company leave since last september. >> that's right. he's an a paid company leave. if you read the tea leaves here, that indicates the company is supportive of him. they don't want him to suffer economically while he's under scrutiny. but at the same time, they can't have him in the office when it's possible that he's going to be charged as he was with criminal wrongdoing. >> tell us about steve cohen himself. there's been so many insider trading cases but he's a big fish, could he be implicated here? >> this is the burning question, will the feds be able to charge steve cohen? they have been trying to for quite a

until steinberg is the most senior official to be charged but now fox business senior correspondent charlie gasparino has exclusive details about the firm's dealings wwth the government. >> the video looks like he is coming out of a nightclub. i don't know what it is. looks like he is with his entourage. we should point out that michael steinberg is the highest ranking official to be charged in this probe and i will tell you the way it is looking, not saying this is going to happen but he may be the last one. as we all know the ultimate target in this case is steve cohen and the government spends a lot of time looking at his activities as they relate to mr. steinberg and the former sec official portfolio manager who had a conversation, investigators think it is suspicious right before he sold drug stocks which we know it is alleged he sold those drug stocks based on that information. interesting tidbit coming out of this investigation. investigators -- we know they did an extensive investigation electronic communications. they looked at his e-mails, like something that has been desc

>> the arrest of michael steinberg, one of s.a.c.'s, is the latest albatross hanging around their necks. prosecutors uncovered questionable e-mails and other details related to his trading of dell and nvidia in 2008 and 2009. news reports suggested that steinberg was spending nights at a manhattan hotel in order to avoid having his to avoid havin family seeing him carted off in handcuffs. something they have been seenging to do for years now. black stone opted to leave more than 400 million with the fund after doing their own investigation of culture and compliance and finding that they were comfortable with it. still the headline damage from the ongoing probe was enough that 1.7 billion was enough. and keeping black stone and other external investors on board could be a challenge. >> what do we know about the top holdings? who might? who may not pull t t money out? what about where they're invested? we do know about it. sac is obviously a very active trader. what we know through the end of december may not be totally current. news co

the likelihood of steinberg's charges had been widely telegraphed in the last few weeks. steinberg reportedly stayed in a manhattan hotel some nights to avoid being arrested in front of his children. whether it was expected or not, his indictment comes as a blow to s.a.c., the $15 billion hedge fund known for rapid trading of hundreds of stocks at a time. s.a.c. over the years has been among the best of its breed, outperforming the average hedge fund and s&p for the last four years out of five, at times by a considerable margin. for that reason many investors have stayed loyal amid the prosecutorial scrutiny. now all that may be changing. in february s.a.c.'s external investors pulled $1.7 billion in a series of what is known as redemptions. demands for the return of their capital. some did so reluctantly fearing they wouldn't be able to find another hedge fund with equally good performance. the fear of a steve cohen indictment or another franchise threatening event was enough that many redeemed anyway. and we may see more of that yet, bill and maria, on the upcoming may

and if steinberg cooperates, he could be a key witness for the government against steve cohen. gerri: that is what we will have to watch for. what a great scoop. thank you for helping us out. a great reporter. thank you. well, we are just getting started. coming up, the creator and star of the history channel series american pickers. and the federal government is can't leave you alone or your car. higher gas prices are coming. my mother made the best toffee in the world. it's delicious. so now we've turned her toffee into a business. my goal was to take an idea and make it happen. i'm janet long and i formed my toffee company through legalzoom. never really thought i would make money doing what i love. [ robert ] we created legalzoom to help people start their business and launch their dreams. go to legalzoom.com today and make your business dream a reality. at legalzoom.com we put the law on your side. ah. 4g, huh? verizon 4g lte. 700 megahertz spectrum, end-to-end, pure lte build. the most consistent speeds indoors or out. and, obviously, astonishing throughput. obviously...

talk about the steinberg arrest. liz: one step closer. made the graphic to show everybody.a video, of course. this is good friday. 6:30 in the morning. they really did surprise him. he had been trying, i read articles, try b to be prepared for this making sure the children were not home. awful situation, pleaded not guilty, get that out there, but they don't do this unless they feel they got something. >> well, no, i think that's right. i'm sure they have a decent case on him, and it's the same strategy. they want to hull -- look, if i were representing cohen, there's a number of warnings. he's not discussing the case because they may have people call him, isn't the weather nice, but, by the way, and segue the conversation. do not discuss anything. they are not going to get a wiretap most likely. there's cases on appeal on that issue. you don't see wiretaps often. liz: that was a successful case that the government brought. >> right. it's anybody's guess as to what happens. they are not that close necessarily. liz: couud they get him to flip? now, what kind of chains in the

prosecutors have charged sac capital michael steinberg with insider trading. he's the most senior employee of steve cohen's hedge fund to be indecid indi indicted. it alleges he used inside information related to dell and nvidia to generate $1.4 million in illegal profits during 2008 and 2009. after being arrested by the fbi agents, steinberg pleaded not guilty to charges of securities fraud and conspiracy to commit securities fraud. >> you know, you're an expert on this and you know these guys. there's a couple of quick things that come to mind. one is they have gains smaller than i thought they would be. but the $600 million fine that sac was levied with that hasn't paid yet, are they done? that's what everyone is asking. is steven cohen still lible for more here? >> the short answer is yes. and the tricky thing about this story, brian, legally speaking it's a bit like whack a mole. the sac settles on civil stocks ared to other trades. >> right. and you're seeing pictures of steinburg, not steven cohen, by the way. >> correct. >> and he had an arraignment ea

steinberg says the ruling family has failed to open a dialogue with the opposition and that the situation is deteriorating. >> for the last two years, there has been unrest almost every night in the shiite villages. some of them, especially on the small island of sea trout, have grown to almost civil war-like conflicts. >> the unrest in bahrain began in february 2011 as protests spread across the arab world following revolutions in tunisia and egypt. people took to the streets to demand an end to human rights violations. they also wanted a freely elected government instead of one appointed by the king. the protests were focused around pearl square, crowds pushing for a revolution. many of the protesters were women. a month later, the regime struck back with force. the crackdown was supported by bahrain's ally and neighbor, saudi arabia. riyadh sent troops to help quash the protests. tanks and helicopters cleared the square. 35 people were killed. the country is torn between iran and saudi arabia. this puts it in the front and center of the standoff between sunni and shia muslims. >> bahra

physical problems such as headaches or digestion concentration problems, all without drugs mark steinbergfice 4083561002 >> candlelight vigil to thirty to borrow the warriors open endeavor their first playoff since 2007 and stephan curry he has been named the western player conference of the month. chris mullin back in 1990 to the squatter >> this is a special thing to me we still have this back series story about. >> this the way it works out, and-the way it works out. the best team has won. >> gary: national television dictates a long stretch here and then they'd get on pretty much every other night. a week from tonight in oakland and and from sunday back here and the bay area. >> gary: the move family up and set a sacramento are saying these guys they want the team to be sold to seattle. sacramental remains an option. the best offer and on our mind is coming from the group in seattle. >> may i just action bluntly is anything wrong with sacramento? now >>. . there are other issues that we need more answers on. >> gary: sacramento because of their popularity popularity. it will be a long

right now, senator steinberg is trying to do that. what we will end up with is a very small watered down bill that might make it easier to build in-fill development. >> once it is done, can people point to it and say it is done? >> almost every project. sequia is one challenge governor brown is wrangling these days. during the trade mission to china, he is working to get them on board for climate change. the u.s. is a close expect. the report comments from john myers, political editor. >> jerry brown is no longer surging on the national stage. but it is clear that brown has kept an eye on the big picture. >> we are one world. we have one big problem and we all have to work on it. >> that problem he said is damage to the environment, both long term and immediate. nowhere is it more pressing than china. in city after city, the delegation saw firsthand the air pollution program that evokes images of los angeles in the 1960s and '70s. here wearing a mask outdoors is a fashion statement. global wind patterns is not just a threat to the chi

we should point out steinberg's attorney went to great lengths, basically my guy will turn himself in no problem turning himself in. the fbi rejected that. also, rejected the sort of, i guess you say the advice, counsel of the u.s. attorney's office not to do a pre-dawn raid to allow him essentially to turn himself in. the reason, in their opinion the fbi believes and maybe you want to call them hard- -- about this. there is clear deterrent having this stuff go down this way. when someone is targeted and being arrested for insider trading, refusing to cooperate the deterrent value, we come to your house, whenever, very early sometimes, like 6:00 a.m., with the, when the, when the sun? it out and we care the -- scare the hell out of you and put you in handcuffs and cart you away. they believe there is deterrent value in that. they believe there is deterrent value to make the person essentially cooperate. i will tell you this there is disagreement between the u.s. attorney owes as how to handle this. fbi runs the show. u.s. attorneys office brings the cases and they indicted people but

steinberg is the most senior official there to be charged so far.et's go back to the markets and joining the company now from portland oregon is keith fitz-gerald. all right, keith. everyone has an opinion when the stock market rally will end or will it keep going. here is the question for you. are you buying stocks now? >> yes, i am. but very, very cautiously. the situation now is very, very different than it was in march of 2009, association, and the market's come up 132% since then. but you cannot rule ott the tactffac tactffac tactf tactful-- rule out the fact, to me it's a huge contrarian signal. that's all it is? is it important. a successful investment banker is not out on the fringe, david stockman, he says we're going to crash, we're going to collapse. are people taking noticeelly buttons, everybody's got one. 85% of all buy-sell decisions are made incorrectly. you want it to pull in the horns, harvest your gain and continue to find those companies that the world needs, not that they want. you don't want to be piling into discretionary stuf

absolutely i was just talking to you before i came down here rabbi michael steinberg who is a one of the many clergy that are supporting this movement who is also very supportive of the occupy i mean and he said to me you know i think that that really . has been the public the problem that we have that it really said you know our biggest problem in this country right now is that we have a massive concentration of wealth at the top and not enough for everybody else around and when you see when that is sort of laid out and made plain for people in that way it's a lot easier to give us a language talk about it right it's and you're seeing that reflected here the community group that is organizing these fast food workers new york communities for change was deeply involved in the occupy movement deeply involved in occupy homes and home defenders league and they're coming out of that same mindset and they came out of that same organizing and it's all connected so serious seems to be it seems news though that there has to be because of this movement toward the left in this country i think w

it comes five after they arrested michael steinberg on insider trading charges.or a mere $15 million. lori: you never know what goes on behind doors. liz claman is on her way in. "countdown to the closing bell" is next. ♪ ♪ liz: your uncle and zero bags of money until is unified in the one stock that will make him money. where would you put it? 4 billion in assets under management and gives us his answer. when you think luxury you think of

michael steinberg to be clear is on leave from sac.a former sac fund manager the both arrested for alleged insider trading violations. will they in turn somehow flip, cooperate with the government to make a case against steve cohen? that is one of the big innings things they're waying weighing now. i can't tell you if they will pull it but they're on the fence. one of the reasons that blackstone is on the fence the entire legal community is on the fence whether there will be charges against sac and mr. cohen we should point out. mr. cohen says he has done nothing wrong. there are hurdles to the legal case against sac and cohen. we should point out and here is the key thing, most trades under suspicion from what i understand, date back to 2008. there's a five of had year statute of limitations. if, there is a theory out there, and i think it is more than a theory. i think this is real. i know the u.s. attorneys office is worried about this, if you get past july, august of this year, that, that's the statute of limitations. then you can'

. >>> daryle sign itberg will -- steinberg will introduce two bills to protect undocumented and documentednts. they will report i am grant status to a -- immigrant status to report paid and unpaid workers. the second bill calls for foreign labor contractors to protect workers from scams where they end up owing more money than they can payoff to those contractors. >>> new this morning from the tony awards just in. a short time ago, tony winter sutton foster and ferguson announced nominations cindy lawn perfect kink can i boots led -- kinkky boots led and both were nominated for best musical against bring it on and a christmas musical. by the way the awards will be held in june. >>> let's check in with sal. >>> traffic will be busy as you drive in on the bay bridge approach and it is backed up for a 25 to 30 minute delay. also on 80, we have slow traffic on panola. >>> the big story will be tonight when the big advisory is on, mornings on -- we will have more on mornings on 250. >> also 2 -- mornings on 2. >> also a carjacking, authorities arrested the suspect last night. >> reporter: we're

well, senate president pro tell darrell steinberg has come up with a -- pro tem darrell steinberg has come up with a change, that would reduce projects getting hit by lawsuits that would stall instructions. >>> short track speed stater apolo ohno one eight olympic medals, including two golds. he says even though he's still out there training, he has not competed in three years. he will not miss the winter games next year. he will be there as a broadcaster. >>> eight minutes before 8:00. an auction for christopher dorner's handgun. how much it went for and who is benefiting. >>> and his hit song has helped people recover in boston. ♪ ♪sweet caroline enough about the book, i want to hear about your date. well, he showed up in a van. [ women ] oh-awww. [ voices in background ] [ female announcer ] swapportunity. the opportunity to swap a higher calorie snack for a delicious 90 calorie yoplait light. ♪ sorry... about your date, the details of your date. [ female announcer ] just one swap a day helps keep the calories away. yoplait. it is so good. >>> 7:54. the neil diamond song "sweet car

jonathan deans and garth helm, peter halinski, mow town, the musical, john shivers, kinki boots, steinbergrs and hammer stein's cinderella. >> the nominees for best lighting design are jules fisher and peggy eisenhower, lucky guy, donald holder, golden boy, jennifer tipton, the testament of mary. jaf jaffe weiderman, the map. kenneth posner, kinki boots, kenneth posner, pipin. rogers and hammerstein's cinderella and -- >> you may recognize that voice, jesse tyler ferguson from modern family. >> one of our favorite shows >>> we will bring you more details. the awards is june 9th. >>> 5:41. a relieve from the sequestration cuts is on hold. the problem with that. >>> breaking new ground. the new security procedures going into affect at beta breakers this year. i have never encountered such a burning sensation... until i had the shingles. it was like a red rash. like somebody had set a bag of hot charcoal on my neck. i had no idea it came from chickenpox. it's something you never want to encounter. for more of the inside story, visit shinglesinfo.com [ female announcer ] it balances you... [ w

. >> michael steinberg, a former portfolio manager has been indicted. here's the thing. at investors are saying, like blackstone, a big private equity farm, they're saying, listen, you had the redemption date in may. we can make about mines. we don't know what will happen until july. and what they did is announced a couple of hours, essentily, we're going to move that outcome of the targets so that you can tell in july whether steve cohen is safer not. the bottom line is, if his past july he is not getting indicted. melissa: have been on top of the story from the beginning. thanks for coming out. all right. gdp numbers out today, but is it all hype? we saw growth of two and a half percent, but experts say it was a fse positive says the first quarter -- pardon me, fourth quarter after "money with melissa francis" was so bad besides, the government is about to totally change the rules and give us a more accurate reading. adding more modern measures like music down lows, movie royalties. don't laugh. we will have tha term and the power panel, perhaps. chief market strategis

big insider trading arrest of sac portfolio manager michael steinberg got us thinking about it.een so many cases. feels like many in the industry thought guys like this were untouchable because they were making so much money. tens of millions of dollars a year. with that money i guess comes the mindset you can do anything. but is it money breeds a culture of corruption or are just criminals attracted to wall street? that is what we're wondering. here to talk about it ron geffner, counsels white collar criminals. we have the owner of crazy eddie's electronics store. he is convicted felon himself. sam, start with you. you say a lot of unethical people get into the financial industry. do you believe that. >> that is where money is. if you're a career criminal like i was, opportunity is where the big money is which is the financial industry. the non-career criminal, you call situationally ethical person. the person that doesn't intend to be a criminal when they get into the industry but give in to sin and temptation. the bonus, the bonuses that they get. performance targets they hav

and look at neil steinberg's column in today's sun times. a paraphrase of his final blog, roger ebert is not going away. that rab this -- ran this morning, jon. >> jon: jon a pair of teenage hikers lost in the wilderness and running out of time. ahead how rescuers found them both and brought them home. plus, she is in charge of protecting the president. who is guarding her stuff? ahead, has somebody hacked the new head of the secret service? what thegency has to say coming up. on "the fox report." stay top of mind with customers? from deals that bring them in with an offer... to social media promotions that turn fans into customers... to events that engage and create buzz... to e-mails that keep loyal customers coming back, our easy-to-use tools will keep you in front of your customers. see what's right for you at constantcontact.com/try. >> jon: emergency crews in california this afternoon rescued an 18-year-old woman clinging to a cliff after he had been lost in the california wilderness five days. happened one day after rescuers found her

michael steinberg, one of his people at hedge fund sac has been charged.ent of justice people would like to believe don't arrest somebody they don't have anything on them. you have different opinion of doj understandably. >> there is good people and bad people in everything. white hats and black hats. civic lesson is white hatsds but the constitution is beautiful but a lot of people are in there for career advancement f you come into their cross-hairs, it is not personal. they're trying to get to the that seven figure white-collar job or next political office they will utilize their advantages. liz: are they trying to improve their reputation by hurting a famous person in business reputation. >> of course. i think we're all reading about the gentleman you referenced earlier steve cohen every day in the papers as this plays out. they have been playing in my view after learning at sharpened how it is played they're playing the cooperate or dominoes game as they work towards him, get somebody and work on them to say what you want them to say or admit what you

steinberg who runs that philadelphia planned parenthood appeared with gloria stein am in recently.wrged them report it to the department of health. i mean, we don't know what she was told. we don't know what the women going to planned parenthood were told after they went to gosnell. but, what was happening in that clinic is is babies were being killed on the tables by, according to numerous staff members. numerous staff members. in fact, they said the vast majority of abortions performed there were performed past the 24 week mark. can i tell you as a pregnant woman you get to the 24 week mark you see your baby on the ultrasound, he or she is is yawning, they are kicking, he they are sucking their thumb. that's who he was murdering, okay? that's who he was murdering, why is president obama going to planned parenthood which isn't accused of this kirsten, but it's clear they could have done more in gosnell. it's clear they are so controversial other parents have not been this in-your-face about it. >> planned parenthood certainly is is not responsible for. this i think the fact that i

. >>> back here at home, darrell steinberg will introduce two bills aimed at protecting the rights ofocumented immigrant workers. it's a bill for workers' immigration status as intimidation. the second, protecting dockworkers from scams where they end -- documented workers from scams where they end up paying off the contractor. and the mi pueblo chain have gathered 20,000 calling for this immigration attack. mi pueblo came under attack by groups last year when they announced they will use the e- verify program to screen workers' immigration status. >>> walmart is looking for 65 workers at its new neighborhood market in the east bay. it's opened a temporary hiring center for its new pleasant tonightton market -- pleasanton market. that's in the same shopping center where the market is located. applications will be accepted from 8:00 a.m. to 6:00 p.m. and on saturday between 9:00 a.m. to 2:00 p.m. you can apply online at careers@walmart.com. >>> today is the start of a strike vote by 13,000 uc employees. patient support staff will have from today through thursday to decide if they want

and david steinberg, founder of dls capital management. how are you doing? >> well. >> where are you based? >> chicago. >> robert is going to be here -- yeah. let me just start with you on what you think of this story in the journal today about how weak revenue growth has been. is that an issue? has the market gotten ahead of stkpwhreufts we're not going to see any growth. between deficits, titlement expenses and what the government is doing in terms of regulation. forget it. you will see a 1% plus or minus growth rate. so weak revenues, they're tough. i don't know if "weak" is the right word. they're slow. they're going to be slow. we have people in the marketplace due to no yield in the fixed income markets. they're moving themselves that can have a better chance at growth. if you look at the stock market, you probably have full valuation in a lot of the staples. they seem to go up every single day. i have seen a bifurcation with the the sick cals and commodity related companies are still a value. over a longer road, you will have better growth in emerging markets.

. >> there's also the legal picture and late in march, michael steinberg was indicted on charges of insideroyee in a year long justice department probe. another former traderic dieted recently will cooperate with the government to provide evidence against cohen though cohen says he did nothing wrong. a lawsuit from his first wyc patricia, saying not only does he owe her money, but that he engaged in racketeering. and of course, there's the personal side. cohen is married with seven children and has his family and an estimated $9 billion fortune to think about. lately he's been on a spending spree, forking over 60 million on a beach house, and charitable donations to veterans and all at an awkward time to be looking flash. >> whether or not he ultimately says to hell with it, i'm packing up and i'm going to sit on a beach because people say if he does that, 10% of the analysts community could be shut down. he pays a lot of fees to a lot of people on wall street. it's an important man, basically. >> no, i think you're right, simon and a couple of good points there. first of all, i don't think

charles steinberg, who kind of plans these events always seems to think the right way on these things. >> quickly before i let you get to you the of here, nick, video of big papi here. i had could tomorrow to the set. what did he say? what did he do to get the crowd so riled up? >> he said this is our bleeping city. >> that will do it. >> you can fill in the blank. starts with an f. he got the crowd roaring. like i said very emotional. everybody was crying and perks everybody up with that comment. but he got quite a roar with t >> boston appears to be slowly getting back to normal. nick, thank you so much, do appreciate your time from the "boston globe." >> thank you. >>> after the victorious take down of suspect number two some of the questions that remain reach all the way to washington, d.c. we will talk about that after this. [ female announcer ] switch to swiffer 360 duster extender, and you'll dump your old duster. swiffer 360 duster extender cleans high and low, with thick all around fibers that attract and lock up to two times more dust than a feather duster. swiffer gives cle