welcome back to spotlight i'm just a reminder that stephen cohen is my guest on the show today stephen cohen american historian and renowned expert on russia u.s. relations stephen let's stick to the election to the elections upcoming elections in the united states well you are a historian and any story and remember not only historians actually remember that the russians well they like to say we prefer the democratic governments but if we if we remember history all the oh all that we said were more than words happened with the republicans isn't that true in soviet times must be times where we had times the kremlin thought that they would prefer a republican candidate because the republicans talked very tough against moscow during the election but after the election they did business and the first example was of course nixon who had the detente relationship with brezhnev and they actually liked each other was interesting links and rational personally had a nice relationship and then there was an historic case of reagan a right wing republican who with gorbachev tried him nabi they did n

he said was that the so-called reset of a bomb in mid-air he failed because russia said stephen cohenwas the only one to make concessions do you think do you agree with mr carro. i don't think. this is the right term to apply concessions rather it was given takes there were compromises if we are about compromises so then we are about you know something that it goes both ways to a way it's not just one side that gives something. if you examples on those when you start this is a treaty which is equally balanced and which is equally advantageous for russia and the us i don't think even this strongest critics or what is going on in our relationship would dare to claim the opposite secondly if you see visa free travel this is just a case show all where we can get in a reciprocal manner to see that it's both ways similar it whether we have done something in exchange for something on the u.s. part on afghanistan it may be true but no unilateral concessions. in other quote this time this time to this is a quote from the giddyap curve the russian deputy foreign minister who is my guest on the

david: the hedge funds, stephen cohen hit by charges from the fcc, people from within his group, implications are that, in fact, there was some inside trading going on. if true, it could be the biggest insider trading cases in history. a lot of big news coming down. nicole at the new york stock exchange. hp, the big news this morning, they way over paid for the company they bought by billions of dollars, and the stock is getting hammered. >> hammered, indeed. down to ten-year lows for packard. the reason we're in the red here going into the close, and they are down, 8.8 billion for the software company they bought last year and didn't understand the financials. they were hidden. liz: i could use coffee, and green mountain perking up by a percent. is that a pop? it's not that great. >> they are getting a new ceo. earlier, today, they were up over 6%. lost the gains, liz, so you're right, but holding green is a good sign. david: another stock in the green, jppenny hit, 51% down, a nice pop, about under 3%. >> well, here's the deal with jcpenny, continued pressure, the turn around plan, stores w

stephen cohen and s.a.c. capital. that presided over the trial of the highest profile trial when it comes to insider trading. judge, you know, not my reporting but those and others indicate that feds have been trying to get mr. martoma on their side for some time prior to actually charging him. perhaps to use his testimony to pursue mr. cohen. does his thinking change at all or is your expectation based on your own experience that he will stick to not cooperating? >> well, i think the dye isn't cast in that respect yet. the government here did not proceed by an indictment which comes from a grand jury. they had the option to first bring down a criminal complaint which is what they have done. it's a technique which can be used to place additional pressure on a defendant by laying out the specifics of the allegations to try to persuade in this case mr. martoma and his counsel that given the evidence that the government possesses it would be in their interest to cooperate. that assumes, of course, that mr. martoma has so

the trader works for a company owned by stephen a. cohen. he has not been charged. >>> the guardian says the church of england is holding a meeting after losing a vote to allow women to become bishops. a vote by nonclergical leaders fell short. >>> "new york times," the hostess company failed to come to an agreement with its bakers union despite the help of a mediator. >>> toronto star no link between the full moon and crazy behavior. emergency room visit at two major hospitals in canada and counted the patients who had unexplained behavior suicide thoughts, or strange behavior and compared them to the lunar >>> the busiest travel day of of the year and it's wet outside right now. as we take a look at the san jose airport, cloudy skies we have some fog there also some rain continues to fall in that part of the bay area, as well. showers will wind down this morning. but you can see a lot of rain overnight. the roadways are very slick. be careful outside today. by the afternoon, of the skies will part. sunshine and a few clouds, temperatures m

we have book lounge in the afternoon, and the supreme court stephen breyer and several professors from yale, harvard and u.k., jerry coheneak. so particularly ambassador jon huntsman also will be here. >> we will put out an announcement on that. >> that's the direction i think we should monitor very, very closely. >> okay. okay. >> john sand, how do you compare the new chinese leadership lineup to the hu administration in terms of the development of u.s./china relations? would the new leadership pose a greater challenge to the united states, or would it be in a more cooperative mode in terms of u.s./china relations? thank you very much. >> do you want to take that on? >> yes, although we have a panel coming up that is on that issue. i'll give you just a couple quick thoughts. one, keep in mind 2012 was a very difficult year for east asia. every single country during the course of the 2012 calendar year -- china, the u.s., south korea, north korea, russia and japan all have leadership succession or elections during that year. it inevitably makes the top leaders focused inward on leadership issues, very unwilling to appear