if he agrees to turn evidence on steve cohen before that date, guess what?tting indicted, fund gets shut down. cheryl: i bet you report it. >> reporter: i hope you're right, but those are two big dates, june and this next redemption date. cheryl: charlie, thank you so much. i'm sad we're not doing your porn story during this hour, but this is a better one. thank you so much, charlie gasparino. we've now got 28 minutes to go. the friend finder network, sounds innocent enough. when you take a look -- right? friend finder? take a look at the business, it's parent of penthouse entertainment, one of the most widely-known names in the adult entertainment industry. on the other side of the break, we're going to go back to liz claman and talk to anthony previsit, ceo and pretty about the advances in technology that are driving profits for that industry and what is drawing more than $528 -- 528 million users to their network of web sites. yeah. ♪ [ male announcer ] i've seen incredib things. otherworldly things. but there are some things i've never seen before. this

the fbi arrests one of steve cohen stock managers, calling him a member of an elite criminal club.he very latest developments. on this could friday, should you put your faith in the epiphany fund? the fundamentals of faith and family gathered portfolio. and u.s. markets blasting through records, but emerging markets fell way behind this quarter. are they now worth a second look for the second quarter? countdown starts right now. ♪ liz: and we have the latest developments in the michael steinberg arrest in just minutes. good afternoon, everybody. i'm liz claman. thank you so much for joining us. we are here, live, making money for you no matter what is happening elsewhere and other businesses. the u.s. markets are closed on but the data has been pouring in of a long. u.s. consumer sentiment, that is up in the months -- month of march as the final reading plucked the preliminary number. consumer confidence jumped sharply in the second half of the month, erasing the decline that we have seen in the first half of month -- march. that is good. your confidence is registering. consumer sp

a close adviser of sat capital billionaire founder and head steve cohen.e was arrested on insider trading charges. these are criminal insider trading charges. s&p released a statement saying mike has conducted himself professionally and ethically during his long tenure at the firm. we believe him to be a man of haggerty. a judge has said that one of those settlements on hold. a wrench thrown into that settlement. we will continue to bring you the details on this story as we get them throughout the day. again, criminal charges on insider trading usually a very high bar for prosecutors to me. the fbi and justice department moving ahead here and to stay out of the slammer yourself, you better pay your taxes. this is the amount that goes unpaid, unreported. a deficit of $17 trillion that that is no drop in the blog. joining us now is scott hodge. why isn't anything done about it? >> it is so hard to get that last dollar of income. you have to raise the compliance costs on everybody in order to get the people in the sort of cash economy to fess up and provide a

>> they will continue to try to make a case against steve cohen. there are other production dates coming. blackstone is one of their big, this is key for their big client. blackstone says they are not sure if they will pull money out or not. steve collins own net worth of $9 billion fund, that alone makes it one of the biggest hedge funds around. theoretically, they could they open. i do not know how you have a public hedge fund when you're number two guy is indicted. that is a huge blow. what is mr. steinberger saying when he is facing ten years in jail? they make a huge thing out of it. the knucklehead who sent the racist and nutty e-mails, he was the guy that came out and said the fbi showed up to his door, he got four years in jail or marginal stuff. mr. steinberg is looking at much more than that. they get guys around the guy in the middle. remember that great scene in godfather two: there are lots of buffers. they go after them and that is how they get the guy at the top. nicole: even though the markets are close, we have a few economic report

he had a conversation as you know with steve cohen. that is part of the case. why cohen is being investigated where he disclosed something to him during that conversation. it was a 20 minute call. cohen told him nothing more than what was happening with the stock. what is interesting, you look at some e-mails, those e-mails describe how their conversation goes. what they say, what regulators say, one of the hard things about dealing with steve cohen he doesn't exactly speak in regular english. when he talks to his portfolio managers like mr. martoma, he is talking about conviction level. from what i understand in one of these e-mails mart,000 martoma had a very high conviction level, a level nine conviction level. usually at sac ranges from 1 to 10. that is about as far as they got in terms of evidence how steve cohen knew that this trade that matthew martoma told him to engage in, essentially selling all the elon and wyeth stock, $700 million worth of stock they sold and went short in positions because they knew this drug developed between elon and wyeth was no

turn to steve cohen.nteresting case because i would say the street is divided on settlement. $614 million paid by sac capital and one of its affiliates to essentially settle sec charges that the firm, that matthew mart toma and the firm basically considered insiding trading on elon, back in 2008. i'm going to give you a little bit of information which i just found out today. number one, there wasn't like a lot of time for the cohen and sac to respond to a wells notice. that is the official notice that the commission is thinking about charging you. they didn't say and come back here is why you shouldn't charge us. they launched right into settlement negotiations. clearly shows that steve cohen and sac capital wanted to get this matter behind them and behind them fast. the reason is, yes, he wasn't named in the settlement. he said he has done nothing wrong but the feds are still, still trying to make a case against him. it is very serious for steve cohen. here is what we know. they're trying to do, pick off

clearly charging michael steinberg brings the allegations closer to the doorstep of steve cohen but thereany charges been leveled against mr. cohen either by the sec or by the department of justice. so at this point, you know there is still just a lot of turmoil, a lot of noise around them all they many people have fallen from his ranks. david: well, jacob, let me be specific. here is what the fbi says that he has done wrong and frankly gets into that whole question of how you define insider trading. a lot of people say it is too loosey-goosey. they really aren't specific enough. this is the fbi, the assistant director says quote, research by this company was nothing more than well-timed tips from an extensive network of well-sourced analysts. now a network of well sourced analysts. most investors are guided by well-sourced analysts that is pretty vague, is it not? >> well not only is it vague, if you read the indictment, in my view even though there may be five counts it is relatively thin indictment, because it doesn't tie mr. steinberg with any direction knowledge to specific, to subst

steve cohen baud a $155 million picasso from the las vegas mogul steve wynn. is wynn agreed to sell the piece to cohen back in 2006 for $139 million, but the deal was called off, as you may well recall when he actually jammed his elbow through the canvas, causing a six-inch tear. mr. cohen just had to pay a big settlement fee to the s.e.c. >> if el were the s.e.c. enforcement guys, i would take this as a slap in the face. they think they did a by blow by charging the largest-ever fine against him. >> elbow through the artwork. made it more valuable, apparently. >> my opinion has always been you should buy art, because you love it. clearly steve cohen loves it painting. it was $16 million cheaper before it got ruined. >> he wants it even more. >>i like a -- >> the pickled shark. >> and then the thing leaked. >> when he bought that, that shark was rotting, deteriorating. he bought what was then a damaged work. he said, look, i love it so much. they gave him a new shark and new formaldehyde. >> what isn't to love? >>> look who got rich this week. we know about a n

and if steinberg cperates, he could be a key wness 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. the. gerri: well, the environmental protection agency proposing new standards for cars and gas. we know that the epa wants to reduce sulfur by 60% and now we hear that this is going to have a cost at the gas pump. up to 9 cents according to the american petroleum institute. who is right? that is a big gap. >> first of all, it is important to remember why the epa is proposing this. this is to protect the lungs and heart of our children and our senior citizen and other people with respiratory ailments. this would be like taking the pollution from 30 million cars off the road. it will prevent thousands of asthma attacks every year and thousands of premature

. >> steve cohen right now, this is in the east hamptons. he lives in that house.re in the top right corner. he bought that in 2007 for around $18 million. in order to get to the beach, here is the ultimate indignity. he has to walk down that path through this person's house, another hedge fund manager's house to get to the beach. he decided to upgrade this is the house he bought last week for somewhere around $60 million. we're told that steve cohen didn't even tour the house. it has a 10,000 square foot house. lots of great gardens and a reflecting pool. here is the main pool. a heatle pool that overlooks the ocean and the biggest benefit are the views. it's right on the water. he doesn't have to go through his neighbor's house. and he paid, we're told, around $60 million for that house. maybe he needed a new wall for that painting that he just bought. >> to hang. you were telling me a moment ago that the people on this street is really -- who live on further listen? >> jerry seinfeld, this is -- even within the hamptons, this is one of the places to be so he has

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 channe series american pickers. and the federal government is can't leave you alone or your car. car. higher gas prices are coming. [ lorenzo ] i'm lorenzo. i work for 47 different companies. well, technically i work for one. that company, the united states postal service® works for thousands of home businesses. because at usps.com® you can pay, print and have your packages picked up for free. i can even drop off free boxes. i wear a lot of hats. well, technically i wear one. the u.s. postal service®, no business too small. the. gerri: well, the environmental prection agency proposing new standards for cars and gas. we know that the epa wants to reduce sulfur by 60% and now we hear that this is going to have a cost at the gas pump. up to 9 cents according to the american petroleum

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>> i don't know. >> the times that we have had at this house. >> steve cohen. >> i'm sorry. >> steve to like to do that. >> they're not there. what a waste. >> given all the cnbc people who away in the area, i think we should buy cohen's current house and have a cnbc bureau there for the summer. >> of course which you would be the borrow chief, of course. >> of course. thanks a lot, robert. great reporting as always. what is coming up tonight? >> we have if q2 playbook. technical strategist. he called health care nine months ago. he will give us a direction of the markets. you continue to bet on the best performing stock this year. brian marshall of isi. and two great matchups tonight. ibm versus google and ebay versus disney. >> we'll see you tonight. >> yes. >> have a great and long weekend. if you're just joining us, here is what you missed early this morning. >>> welcome to hour three of "squawk on the street." here is what is happening so far. >> you look at the doors and what is happening. they're letting in one person at a time. >> when you see this company make this money wit

reporter: we got word this morning the fbi has arrested another trader who works for hedge funds steve cohen now cohen has long been known as one the shrewdest investors ever and someone who lives large. still two of his recent blockbuster purchases are making headlines viewed as conspicuous consumption even by wall street standards. for almost two decades, steve cohen racked up returned of almost 30% a year for his investors and himself building an estimated $10 million fortune. the s.e.c. alleges that some of these profits came through improper inside information. to settle that case cohen's firm agreed to pay $116 million. but on thursday, a federal judge declined to rubber stamp the settlement, raising questions and delaying a final decision. >> the judge was concerned about language that allows cohen's firm to not admit wrong-doing. >> reporter: the prospect of paying hundreds of millions of dollars to the government hasn't hurt cohen's wallet. he recently purchased this picasso art for $155 million. the most ever paid by an american collector. >> this is steve cohen saying, look. you c

he is a trusted kind of arba tour of analysts are steve cohen. that is what the sources tell us. he has trusted even the contradictory opinions of analysts. talking about what he inks is the best route and technology investing. gerri: today's we were talking about this story, i said if the fec has it right, the kind of case studies he would write if you are trying to tell a class with insider trading was light. a sickly he received information about an earnings eport on the company. and can you tell us about that? >> the government is saying that they have a lot of wiretaps. in this case, there is enough evidence and also cooperators. gerri: let me read one of those e-mails. this is from an analyst who provided the information. he said i have a secondhand insight from somebody at the company. and he said please keep it to yourself because it's not public. and then the fund manager said yes, normally we would never divulge data like this. please be discreet, thank you. but the problem i have with an example like this. and again, this has not been proven yet. but this is the the ki

. >> concerned whether dan loeb and steve cohen are not making money, i am. the market is going much higher. that is my opinion. when you weigh the evidence unemployment is good but not great. that is one of the problems. long-term unemployment is pretty high, 14%, that is something but what is good about it is is showing modest improvement in unemployment, modest gdp improvement, that means the fed is not getting lower interest rates so i think the market, and who knows? hedge funds are the smartest guys in the room. he has not participated, and they think there's a bubble to be burst. trailing the dow. warren buffett has been doing it for a long time. is five your record is not so hot. in a recent sort of mini bull market on top of the bull market we have had since march of 2009 when they hit 6,000, probably heading to 15, there are a lot of hedge funds death -- hesitant to jump in so there's a dichotomy between the professional investor on one hand and the small investor and generally the small investor is the part of the investor that gets into these thin

. >> michael steinberg is part of the inner circle with steve cohen, who is one of the richest men inorter: cohen the founder and namesake of s.a.c. capital. investigators have been looking at him closely. so far, nine people have been arrested at his firm. earlier this month, the company agreed to pay more than $600 million in a government settlement. the largest in history. the judge still hasn't decided if he should accept it. >> the government's now just one step away from mr. steve cohen, if the government thinks that they have a case against him. >> reporter: but cohen's lavish lifestyle continues. within days of the settlement he bought this picasso for $155 million. one of the most expensive art sales ever. and reportedly a new mansion on the beach. >> perhaps mr. cohen has things normal in his life, or perhaps he's feeling some stress. but he wants to convey to the public that everything's okay, so he goes and spends $150 million on a painting and tens of millions of dollars on a mansion in the hamptons. >> the firm agreed to a $600 million settlement. the judge is asking, wh

joining me now to dissect the nonsense steve cohen from washington, d.c. congress cohen, so great to have you back in the war room. >> it's interesting you mentioned the six weeks. we had a hearing in judiciary and i mentioned i felt like bill murray. it's groundhog's day in washington. the republicans come up with the same problem and regurgitate it over and over and over. >> michael: yes, it seems totally endless and now top house democrats caucus will vote against the republicans' short-term plan to fix this or their short-term budget bill. will any republicans come on board? >> some democrats will get on board, mostly blue dogs, but they cut so much in promise that are important to people and our constituents, and as you said it gives the defense department money they haven't even asked for. the defense department saw the cut and the deletion of certain weapons that they want to fund. that's really government waste. they are insistent in doing it in the name of defense. it's probably going to be something that the republicans will finally pass the bill

. >> speaking of houses, look at the pricetag on steve cohen's latest purchase. these are big numbers. >> yes. speaking of hoods this is the hood right here. it's called further lane. and all these guys are trying to go further with wealth and their careers. he just bought a place for $60 million. it's 10,000 square feet. right on the water. he didn't even look at the house when it came on the market. he just bought it. he had an $18 million house just down the road. he didn't have direct access to the beach. the important thing is the context. he's in -- he and sac are the cross hairs of the government investigations. they just paid a fine of $616 million to settle the civil side of this stuff. so basically with this purchase and la reve, that $155 million painting he just bought, basically he is saying to everyone, i'm not worried. it's fine. and, look, he's a trader. >> he's doing what he does. he's one of the biggest art collectors in the worldme so he adds la reve. so he's buying real estate. >> these are two huge ticket items right during the same period of

. >>> and steve cohen has been on a spending spree.eports earlier this week say the hedge fund titan bought a picasso painting for $150 million. now he's plunking down $60 million for a home in the hamptons. these move come as a judge today is set to consider a settlement between the s.e.c. and ac capital under which the firm would pay $16 million in the largest ever insider trading case. >>> google is slapping the made in the usa label on its glasses. google glasses are wearable computers with camera and voice recognition that connect to the web via smartphone. the company plans to initially make a small number of devices which would create a more desirable manufacturing in the u.s., allowing constant monitoring and updating. so potentially, the reindustrialization of the economy driven by crazy high tech glasses? we'll see. >>> and a tasty ipo is set to hit the markets today. jackie deangelis has this take on investors' appetite. >>> pinnacle foods will be trading tomorrow on the stock exchange under the symbol of pf. sources say tha

with the s&p 500, you know, over time, he has done better than anybody, any living investor and steve cohenomes pretty close at sac capital but warren buffett over time, we're talking since 1965, has had better returns than anybody else. he follows the benjamin gram value investing theory. you look at this, in the past day, berkshire hathaway hit an all-time high. when you see the expensive stock price for a-shares, don't flip out and say that has to be a typo. it's not. he has never split the stock ever. i can stand here say very confidentially he never will. he will not talk about a dividend. he doesn't believe he should be spending cash in that way. david: let me stop you because there have been some rumors that perhaps they will begin to issue a dividend. of course there's a lot of, a lot of people under their breath, even some the shareholders gee he is taking all the dividend from all the companies that offer dividends that are in the portfolio of berkshire and doesn't give them to us. maybe he should share some of the wealth. you say he will not budge on that? liz: i doubt he will bu

matt, we just got word this morning that the fbi has arrested still another trader who works for steve cohen, the most senior figure at that firm charged so far. now, cohen has long been known as one of the shrewdest investors ever. clearly, the prosecutors are sending him a message this morning. his spokesman points out that he -- that mr. cohen has never been charged with anything and insists that he has done nothing wrong. matt? >> lisa myers in washington this morning, lisa, thank you very much. >> we'll take a turn, we mentioned before. there's a lot of excitement on the campus of florida gulf cost university this morning as the cinderella story of the ncaa tournament is getting ready for the sweet 16. nbc's kerry sanders is on campus in ft. myers this morning. kerry, good morning. >> reporter: it's kind of hard to hear you, but look at this. it's awfully early, but we've got a campus. it's 7:00 early in the a.m. and it's got electricity. this is florida gulf cost university, fgcu tonight is taking on a cross-state rival the university of florida gators. this is a cinderella team hoping

steve cohen's made a lot of money. has he committed any crimes? has he he hurt anyone?consumption and say what gives? >> furthur if you are a grateful dead fan. let's get down to the new york stock exchange -- >> what house did he buy? i have a house in ocean grove. it is just fantastic. couple houses from the beach. governor and i try to make our towns come back. you know that, joe. even my best restaurant. can't even get to it. i live in a different way than steve cohen but it is a great way. >> jim, do you have an iphone or blackberry still? >> i have an iphone. i'm thrilled with it. i think blackberry itself is profitable. we seem to forget that. everybody wants to knock the stock down. you commented on the short position, joe. i think the shorts are trying to color the darn thing. this is still a better quarter. >> really. >> i think so. there's an anti-moment piece. i just don't -- i don't buy the bear case. there's a lot of people who want to own this company. >> that's interesting. i was going to use your iphone ownership to talk to becky again but ima he not go

steve cohen just bought picasso. they say it was a present to himself.go. >> i would say that was more than four years ago. and he was to pay $139 million. but then steve wynn put his elbow through the painting. nora efron coughed it because she was there. now he sold it for even more. steve wynn, took it back, patched it up. for $15 million more. >> that's got a great story with it. >> it's just a chip these days. a piece of canvas that somebody with a magic marker could deface. this was owned by john langlath lobe, sr. he and his wife married for 72 years. >> wow. >> and they owned this paintedng. >> 72 years is twice as long as van gogh lived. and here we go. they own it for 72 years. it goes up slowly, 11% a year through the compound. now it's just a piece of canvas being traded around because money is losing its value. >> your paint is the dollar is worth less. >> that's right. when i taught at harvard business school we used to give the kids a question at the end of the year on van gogh which was sold by 55 million. 17% per year. one of the student

cr intrinsic is a affiliate of steve cohen's sac capital.ie was all over the story when it broke. ashley: he will have the very latest. the tobacco industry is under fire amid higher taxes and more americans quickly. are the tobacco sellers feeling the heat? robert gray in the lone wolf silk garr company in santa monica, california. robert? >> ashley, thanks so much. get a load of this. how much taxes pay into the price of a pack of cigarettes, it varies wildly and widely across the nation. look at graphic if we can show you. in new york state more than 50% of what you pay for a pack of cigarettes for 10 bucks and change goes to taxes. most of it is state taxes. that is why is varies so much. california, five bucks and change for a pack of cigarette. virginia, 29% for what you pay for a pack of cigarette is due to taxes. we're at the lone wolf cigar company. we're joined by david wyss. he is the owner. coming from lone wolf mcquaid, chuck norris and jim belushi were the founders. do they ever come down. >> they're busy in their own lives. i

he caught matthew martoma which may lead to steve cohen, sac former fund manager trading on alleged insideron on elon. expert period of time network guy giving him the information. he was looking at the capital whole another time before the financial crisis because he thought they were cherry picking. looked like certain of segna's hedge fund clients obviously they got a tip along those lines. they were getting benefits. others weren't. when was raj. whether they looked at trading went on the trading looked suspicious. ahead of deals. sort of the stuff in this indictment. they looked at raj's trading too. that is when they really, that's when they really started to bear down. that is what led to raj rajaratnam, fascinating that the brother who started the whole thing who got raj, bigger brother in trouble is now six years later now being --. ashley: he is not off the hook. >> not off the hook. pleading not guilty. his brother did as well. we'll see what ha hoops. ashley: great stuff, charlie gasparino. >> follow that line of reasoning. hopefully makes for a great book. tracy: will make a gr

hedge fund billionaire steve cohen paid 155 million for the now repaired picasso.ece of art. >> tear your priceless art -- >> make more money. >> it goes up. >> yep. >> world, i don't understand. >> fascinating. really fascinating. >>> justin timberlake having a great run from his knockout performance at the grammys to his funny outing at "snl." his album selling 100 million copies. he's a front runner to host the oscars, there is buzz about. >> he would be great. >> isn't that great? anything this guy can't do? i don't think so. >>> finally, anyone who has ever worked in a restaurant knows that people who make reservations and then blow them off can absolutely kill a business. well, now a well-known l.a. restaurant 45s eye new way of handling no-shows but shaming them on twitter. red medicine, one of the 50 best restaurants in the country, vietnamese food to die for in beverly hills have outed the people who stood them up this weekend with tweets like and i quote "all the nice guests would wonder why restaurants overbook and may sometimes have to wait for their re

steve jie cohen, a 17-year-old multimillionaire for his mother? ] more rain... [ thunder rumbles ] ♪ [ male announcer ] when the world moves... futures move first. learn futures from experienced pros with dedicated chats and daily live webinars. and trade with papermoney to test-drive the market. ♪ all on thinkorswim. from td ameritrade. >>> the one and only jane wells. >> bankruptcy trial in the foreclosure capital of america may really be about public pension funds versus wall street. a judge is hearing arguments over whether stock qualifies for chapter 9. cal-pers argues it is not a creditor and is therefore exempt from payment cuts through bankruptcy. bond holders disagree. they want the pain shared. and now the city of pacific grove has hired a bankruptcy attorney to explore reducing its calpers payments. back to you. >> anthony, muni bonds, how do you feel about them? >> i think that the negative push on muni bonds are now over. this is a legal case. the only thing i learned in law school, melissa, is don't get into litigation or lawsuits. u

. >> is that enough money for steve cohen? how many times you count a violation, right? if you count it every second it could add up quick. >> cheetah traders is 70-year-olds and above. where is the the cut-off, do you know? >> you're the expert on the cheetahs and the cougars. i'm going to stay away from it. i'm going to keep my eye on the regulatory stuff. >> we know our demos here. i don't care how old. thanks, bart. see you later. >> take care. >> when we come back, pimco's muhammad el-erian will be skwroeupbgs. joining us. it's lots of things. all waking up. connecting to the global phenomenon we call the internet of everything. ♪ it's going to be amazing. and exciting. and maybe, most remarkably, not that far away. we're going to wake the world up. and watch, with eyes wide, as it gets to work. cisco. tomorrow starts here. no they don't. hey son. have fun tonight. ♪ ♪ back against the wall ♪ ain't nothin to me ♪ ain't nothin to me [ crowd murmurs ] hey! ♪ [ howls ] ♪ zap technology. arrival. with hertz gold plus rewards,

hedge fund manager steve cohen paid $155 million for "le rev," a portrait of one of picasso's mistressesently -- listen to this -- accidently put a six-inch gash into the painting six years ago. $90,000 to repair the gash. this is the highest price ever paid for a picasso. willie says, "and?" i'll move on. >>> stella mccartney is moving up in british society. queen elizabeth honored the designer with an order of the british empire. mccartney designed the uniforms of the british national team for the london olympics. her father, you might know her father, sir paul, received a slightly higher honor with the beatles in '65 and became a knight in 1996. now here's brian williams with what's coming up tonight on "nbc nightly news." brian? >>> good morning. coming up tonight when we join you for "nightly news," another day, another landmark case at the supreme court over the right to marry whoever you wish. >>> also, predicting your risk of cancer early on. the discover improving the way doctors can repeat treating cancer. we'll have those stories and more tonight. for now, back to you. >> than

. >>> casino owner steve wynn has sold picasso's "la reve" to billionaire financier steven cohen once again. the price this time is $155 million, the most ever paid by a u.s. collector for a work of art. wynn had previously agreed to sell it to cohen seven years ago, but then he accidentally put his elbow through the canvas. it has been fully restored. >> can you imagine, you put your elbow through a $130 million picasso? do you think he cried? >> don't you hate when that happens? >> i hate it when that happens. >> i know. it happens to me all the time. >>> all right, when we come back, new trouble for the pop prince. why deputies were called to justin bieber's house. >>> and the close encounter as some very big and very curious cats pay a visit to a colorado home. spooky. we'll be right back. hmm, we need a new game. ♪ that'll save the day. ♪ so will bounty select-a-size. it's the smaller powerful sheet. the only one with trap + lock technology. look! one select-a-size sheet of bounty is 50% more absorbent than a full size sheet of the leading ordinary brand. use less. with the small

andy cohen is on the cover of "gq." >> steve: what?! >> jimmy: i'm so psyched.eah, he's a good man. he's a gentleman. thanks so much to "gq" for putting me on the cover. that's kind of fun. that's pretty crazy. [ cheers and applause ] we have a great show tonight. as i said, we're thrilled to have him back on the show. he's the former mayor of new york, the greatest city in the world. rudy giuliani is here! [ cheers and applause ] >> steve: go yankees! >> jimmy: he's one of the funniest writers and directors on the planet. judd apatow is stopping by! [ cheers and applause ] my favorite movie of last year. >> steve: "this is 40." >> jimmy: and he's a world-renowned chef and the winner of last season's "chopped all-stars. chef marcus samuelsson is cooking for us tonight! [ cheers and applause ] red rooster in the house! >> steve: red rooster. yum. >> jimmy: i love that guy. hey, guys, one thing i've noticed is that people and animals can be in the exact same setting and be thinking two totally different things. what kind of things? let's find out in a segment we c

steve wynn has parted with a precious piece of artwork. you might remember he poked his elbow through the famous picasso canvas of "the dream." it's been restored and now belongs to steven cohen who paid $155 million. >>> watch your inboxes today. google has started notifying 8,000 lucky contest winners that they'll be the first to test drive google glass headsets before a wider public release. still, it's no free ride here. in addition to a $1500 fee, winners also have to pick up their devices in person in new york, san francisco or los angeles. but they are pretty cool devices. >>> straight ahead, president obama uses his head at the white house in a way most have never seen. we'll show you what he did. >>> plus the story behind this rare two-headed shark and your sports highlights. you're watching "early today" live from the 59th regiment national guard armory in new york city for hiring our heroes. >>> and welcome back. from the 69th regiment national guard armory in new york city. we're live here. and now to some other stories that caught our eye for you. we begin in chicago army of children calling for immigration reform. hundreds of kids led the demonstration aimed at

steve: and the question was from elvis' manager. >> jimmy: it was colonel tom parker, yeah. this one is from ben cohen.can you find someone in your audience who looks like a cross between a young george harrison and michael phelps?" a cross between young george harrison and michael phelps? let's check the audience. how about that guy right there? [ light laughter ] that's pretty good. not bad. yeah, that's pretty good. [ cheers and applause ] i think it's good. "jimmy, my favorite tv personality is hoda kotb and my favorite jedi master is yoda. do you think you could combine them to make yoda kotb?" yoda kotb, that sounds interesting. i actually would like to see that. so, ladies and gentlemen, put your hands together for yoda kotb. ♪ [ cheers and applause ] [ clears throat ] >> fourth hour of the "today" show, it is. >> jimmy: there you go! oh, my gosh. [ cheers and applause ] yoda kotb, everybody. >> steve: -- as a button. >> jimmy: isn't that -- yoda kotb, everybody. yoda kotb, give it up for yoda kotb. [ cheers and applause ] >> steve: come on. >> jimmy: this one's from connor o'malley. "hey, jimmy

don't forget kilmeade and friends, peter king, william cohen, the defense secretary, former defense secretary, and his wife, live in studio. >> steveiday afternoon late in the day, there was a document dump. the united states department of agriculture released the numbers of how many americans are on food stamps. it's the biggest number in history. in december, 47,791,996 americans had to get these cards to put food on their table. >> gretchen: some people are concerned that the fact this number continued to escalate dramatically over the last couple of years. here is fox news contributor herman cane last night. >> because the federal government has made a mess of the program by exploiting the program and exploiting those people who have learned how to abuse the program. the food stamp program, greta, is a misnomer. with two words, food and stamps. it's no longer just about helping people to get food. it helps them to get free stuff and secondly, because some bureaucrats thought that people going in and handing in stamps was a somewhat insulting, they now have given them a government credit card. i found this out today, greta, on m

journalist, psychologist wendy walsh, steve helling, john murray, editor in chief of always a-list.com and the woman who did the piece, interviewed the people, elizabeth cohenrespondent. elizabeth, to you in a moment. i want to open this up to the entire panel. julia, let me begin with you. i would love to hear from all of you. when you hear from the perspective of the surrogate, crystal kelley, did you think she did the right thing? >> no, i don't. all moral issues aside, crystal kelley signed a legal document that explicitly stated, were there to be abnormalities found in the ultrasound, she would terminate the pregnancy. she's in breach of contract. and that sets a dangerous precedent for future surrogacies, that they can do whatever they want. if she was against abortion, she shouldn't have signed that document. >> interesting you bring up that point. we'll get to elizabeth, she has a take on that. wendy, what do you think? >> actually, the contract didn't define very much what extreme abnormalities were and that's where the exchange came in. but morals aside, the laws need to catch up with fertility medicine. we need to have laws that are clear state b