that is a big deal. >> that is what steve cohen's lawyers are trying to do.they're trying to persuade the sec to somehow modify to take less than that. i don't think they will go for it that will kill steve cohen more than anything else. melissa: seth, do you think a lifetime ban is in the offing? >> i think that's a great point and it really goes to one of the lesser discussed aspects of this whole story. this is very complicated situation. it is historic and a landmark moment for the justice department. it would be as you said the biggsest settlement in this type of case however it is complicated. the only way steve cohen wants to wrap this up if he can mop up all the legal issues into the same settlement bucket. melissa: right. >> as charlie said has to include probably two things to be happy about cuting a check for $1.2 billion. one he has to have assurance the criminal liability is dead letter. i know that might already be looking good for him but that has to be put to bed. two, this sec case is very important. potential lifetime ban and they have to sc

the spotlight is back on hedge fund titan steve cohen a new report says cohen is selling three major paintings in his vast art collection amid rising legal business. all the word on wall street. here with all the juicy details, ahead of the tape columnist, spencer jacob. we have to ask you. i think that is wore who elizabeth taylor up for sale. he can't be hurting for money. he still has 9 billion. >> i think he is doing okay. there are two explanations for actions like this. one, you're shuffling portfolio. people who own a lot of art, he has been known to buy and sell. he doesn't just accumulate. if you sell a painting and buy another one you don't have a paint capital gain on it. he is seeing trends in the art world, being consummate trader he is is. the other explanation is that he is looking to pay some he hefty legal bills and personal fines and wants to be as liquid as possible. difficult to show up with the d.a.'s office with chagall or warhol and pay that. so you want to have as much cash as possible to with that eventuality. adam: he wants to have cash. i would think he is

founder steve cohen personally sued on a civil basis.the road we could see him barred from the securities industry. that doesn't mean he'll have to bow out entirely. he could maybe continue to advise and manage on a reduced basis but tough period for them. no doubt about it. >> doc? >> i'd say, kate, when you looked awhat the mark cuban with that lawsuit and the s.e.c. going after him there, and then him subsequently posting up on twitter and elsewhere on blog maverick, for instance, many of the spite that they went after him with there, to anthony's point, i'm all for getting bad players out of the markets but a lot of what has gone on with the s.e.c. hasn't been about that. instead, it's about personal vendettas and that's something that has to stop. >> you guys are putting me in the unenviable position to play the d dev devil's advocate in that your painting cohen he's the victim. if there are things that have been done and a guilty plea put forward maybe that has this change we all as a group think about ha has taken place in the rol

everyone's favorite formaldehyde shark art collector yeah that's a real thing steve cohen he's back in the news first and foremost yes he did actually purchase the dead shark for reported eight million dollars i understand he's supposed to be involved in good fun managing but anyway now his bond sac capital will plead guilty to securities fraud and possibly play one point two billion dollars as part of a settlement with prosecutors the settlement over insider trading is set to be announced next week now this would be on top of the six hundred million dollars bond that's paid to the s.e.c. last march as well there is also a separate as you see suit that would been steve cohen from managing outside money at his firm and in energy news north dakota the nation's second largest oil producer reduced almost three hundred or oil pipelines seizing recorded almost three hundred oil pipeline spills since two thousand and twelve none of which none were reported to the public now regulators in north dakota are not required to notify the public about spills and according to the director of water qua

look at the case of steve cohen. they have without convicting him of anything they have all but shut down his business. i mean he was untouchable for so long. >> yeah. melissa: they were after him, after him, after him. whatever happens from here his business is permanently damaged. do you think they're feeling some swagger from that that they go back after another big fish they havethey hav had in their sites for a long time, mark cuban? >> probably. goldman saks and steve cohen are famous people to you and i in the business community. mark cuban is an household name. this will be in every major pape if he is convicted. this will be a plus for the sec and a negative if they don't convict. what do you think mark cuban will do if he doesn't get convicted? melissa: absolutely. it reminds you of the martha stewart case. for mark cuban, what exactly is it the government has to prove here? >> i think they want to prove insider trading is wrong and want to do it on larger scale. they want to prove a point, here is a guy ta

. >> i want to bring in congressman steve cohen, a democrat from memphis. congressman, good morning. >> good morning, chris. >> the approval of congress, i don't know if you heard it, 5%. military families are going on local tv. they aren't getting death benefits because of this shutdown. john mccain says we ought to be ashamed. is he right? >> well, he is correct because i think the government needs to function. and right now it's not. you've got this tea party group that really doesn't believe in government and doesn't believe in folks working together to get compromise. i think if you read paul krugman, which i do, you've got to have a middle class. the economy improving gets us out of our debt problem. and our debt ratio to gdp is not that great compared to other times. and they're hurting the economy, which is hurting the deficit, which is hurting the middle class and that's just wrong. >> i think both sides agree that this is probably not great for the economy, so the question is how do you get there? republicans are now saying very publicly in op-ed,

. >>> next on "money," is it do-or-die for sac's steve cohen. talk turning to the possibility of a plea. that would be a wall street shocker. we have the latest developments. >>> the government shutdown, some say we are headed right nor an economic apocalypse. are you ready? stay here for more "money." we'll be right back. you make a great team. since e day you met. it's y but your erectile dysfunction - itld be a queson of blood flow. cialis tadafil for daily use helps you be ready anytime the moment's right. you cabe more confident in your ability to be ready. and the same cialis is the only daily ed tablet approved to treat ed and symptoms of bph like needing to go frequently or urgently. tell your door about all your medical conditions and medicatis, and ask if your heart is healthy enough for sexual activity. do not take cialis if you take nitrates for chest pain, as this may cause unsafe drop in blood essure. do notrink alcohol in excess with cialis. side effects maynclude headache, upset stomach, delayed backache or muscle ache. to avo lo

quote, a magnate for market cheaters, e-mails indicating the top executives including it's founders steve cohen failed to stop alleged insider training. six employees have pleaded guilty to insider training and one is serving two and a half years in prison. two other men are set to stand trial. now stephen cohen has not been charged with criminal activity, but the journal said he'll remain under investigation. ali? >> a lot of people may not know of sc capital visors or stephen cohen. it's been in the news but for a lot of people who follow business. this firm is a pretty big deal. >> absolutely. this hedge fund was the envy of wall street. it had $50 billion in assets under management and posts outside trading profits for two decades but since it has fallen in fed crosshairs clients have pulled most of their money but stephen cohen still has a sizable fortune to manage at $9.2 billion. >> he alone has more money than many hedge funds will manage. so the agreement just means that they can't manage outside money. >> we've seen this so much, and we heard time and time again that ultimately it's n

well known art lover steve cohen planning to sell a few pieces from his world-class collection. and why now? robert frank joins us. >> tyler, that is the question, whether these are distress sales or discretionary ones. the "new york times" reporting he's selling three paintings from his collection as he faces legal bills. famous warhol called liz number one that could fetch more than 20 million. sources it telling me he's selling a brice martin that could fetch millions and $70 million worth of art he's selling as prosecutors aim to settle those against cohen's hedge fund which could total more than $1 billion. art dealers telling me this is not a desperate effort to raise cash. s he sells a few pieces every year and these are some of his weaker pieces if he needed the money he would sell his more expensive pieces. he owns the piece he bought for $150 million. he would likely sell them in a one-time private sell to a collector like the qatarty family so it would be off the public. even if it's a $2 billion fine i think they will be okay. >> thank you very much. >>> netflix busi

now-- hedge fund manager steve cohen plans to sell some famous works of art from his esteemed collection. as the legal battle mounts -- cohen will auction off two andy warhol paintings and an abstract painting by gerhard richter. the works go on the auction block at sothebys next month. cohen --is the founder of sac capitol may be headed for a plea deal with prosecutors over insider trading charges. traders will be watching for a deal between netflix and cable companies. netflix is reportedly considering hooking up with comcast, suddenlink communications and other providers-- to make its video service available through set top boxes. the wall street journal calls talks premature and a deal is not expected soon. none the less, investors connected with the stock monday-. shares popped 7% to 23 dollars. microsoft's latest driving ambition is a safe cell phone for motorists. the tech company is reportedly updating windows software that would reduced driving distractions. the software could be set on driving mode that would automatically silence incoming calls and texts plus send a reply that

the hedge fund, run by billionaire steve cohen has been tangled in a long running insider trading investigation. entering a plea deal would allow cohen to attempt to save his firm. the ceo of hewlett packard sees pockets of growth ahead. it was just one of the comments to come from h-p ceo meg whitman at of yesterday's analyst meeting. whitman also pointed to profit expecations for hewlett that were beyond wall street's expectations. she also mentioned competition coming from rivals. in the end-- hp stock bounced nearly 9% in trading wednesday to close above $22. sears reportedly is selling off some of its stores. according to the wall street journal the retailer has sold some its profitable stores in an effort to raise cash. a spokesman for the company admits cash from the sales helped cover for operating losses. sears stock fell 5% in trading yesterday. men's wearhouse is turning down an offer from jos a bank. the bid to buy men's wearhouse was unsolicited. jos a bank is offering to pay $2.3 billion dollar or $48 per share, which sent men's wearhouse stock 27% higher to close at $45. the reta

capital led by billionaire steve cohen. sac is expected to pay a penalty around 1 point billion dollars. prosecutors have charged the firm with securities fraud and say it encouraged insider trading. sac denies the criminal charges. retailers have been trying to make the holiday season creep up earlier every year. now j.c. penney announced it's going to open to shoppers for the first time thanksgiving at 8 p.m. the struggling retailer is trying to keep up with rival macy's, which already announced a similar plan. that's your moneywatch. for the latest business news, follow me on twitter #gg stone tv. >>> a #gigistonetv. >>> the latest installment of transformers is being filmed. crewmembers were attacked by two men. the suspects wanted $12,000 for disruption caused by filming. they said one of the men tried to hit him with an air- conditioning unit. the men were arrested and the actor wasn't hurt. >>> remember this car? it turned into a submarine in the spy who loved me a james bond classic of course. the car sinks but then

legal troubles may force hedge fund manager steve cohen to auction off some of his art.story coming up next. >>> as we go to break, take a look at energy. interesting stuff. 102. 100 could happen soon, we'll find out. ♪ ♪ sometimes they just drop in. alwa obvious. cme group can help you navigate risks and capture opportunities. we enable you to reach global markets and drive forward with brder possibilities. cme group: how the world advances. cheryl: following one of the lead performers. airbus making some comments. by 2017, they will overtake boeing. they have 600 orders for 2014. if you are boeing, you have to be watching airbus. anyway, the stock is up five points. the dow is down. general motors plugging in. setting its sights on tesla. nicole: nice transition. electric plug-in vehicles. we always speak about tesla. we have to take a look and turn our attention to general motors. they will be launching their plug-in coupe. they are not cheap. we talk about the tesla around $70,000. you will get some tax credits. they will go head to head. it gives an alternative in t

. >>> plus, how bad are things for sac's steve cohen?is selling some of the most valuable art onhe planet. it is all the wordn wall street. we've got the inside

states becausef cheap energ an note melissa: it is dision time for sac and its billionaire founder steve cohen. after battling for months, $616 million in civil penalty charges, $6 billion in client money that has been pulled out of his fund and its behemoth name dragged through the mud. reports say the hedge fund may actually now cop a plea. prosecutors say sac and cohen can put this whole mess behind them by pleading guilty and paying a total of $1.824 billion fines. but how big of a price are they really paying? with me is former federal prosecutor fred tecce with thinks take. fred, why now? what do you think is pushing them over the edge here? >> why now? i tell you why, trial would be nothing more than a four-week guilty plea and they kno it. what happens is when steven cohen sits down with the lawyers and says what will happen here, lawyers being what they are, are telling him, look, mr. cohen, odds are you will get convicted and company will get convicted if they lose it is government position they will take every blsed me you have to the picassos in your hallway. you need to get smart

but these politicians whether they're ted cruz or steve cohen, have a feeling of what they feel about government, the gamesmanship or brinksmanship that's going to be called, this is about the law the people who were put into place were reelected and that's the way it is. the republicans need to find a soft way to realize that and not get blamed because their brand is hurting. >> ali, it is not just about obamacare, it's about whether or not there is a budget. >> again we've managed to live without a budget passed by congress and signed by the president since 2009. we keep getting the same one, we increase some appropriations. but the problem is you end up with the same problems of 2009. in twienl we were still in the throes of this recession when that last budget was passed. we need to grow as an economy. number 1, we have that proposition, number 2, america has had a bad hand of sticking things onto bills and the american public wonders why there's a bill about agriculture and this one about water, this is taking to it remarkable extremes. we're four years without a budget and repub

democratic representative steve cohen making this comment while talking about the shutdown battle. >>e take an oath to support the country against all enemies foreign and domestic and these are the domestic enemies. >> dana loesch host of the dana show joins us. nice to see you, dana. domestic enemies. we have name-calling. >> yeah. thanks for having me back, greta. it's just unfortunate. i think that i can agree with representative cohen that we perhaps have a different means to get about to the same ends. but the name calling and the incendiary rhetoric that ealways say that the tea party participates in. an arckists, terrorists, murderers, what else now? >> do you know and i will ask the viewers to write in if they know. do you have any instances in which tea party members in congress have said anything, equally insulting back? do you remember? >> not to memory if there has been i would be kind of surprised at some of them especially since they have been calling out folks on the left. i have heard it doesn't tea party, john mccain called us hobbits. that's not really the same thing

if they do announce this as the deal, is steve cohen essentially prohibited from trading other people's money going forward? or would he now then close sac in would he manage his own money the key looks as they have they have got a deal. it has not been announced, nobody from the department of justice or u.s. attorney's office in manhattan or sac capital would discuss this issue. according to charlie looks as if a deal is in the works that would result in a $1.2 billion fine and company, not mr. cohen, he has never been charged with anything, keep in mind, but the company, sac would be pleading guilty to the charges against it. melissa: adam shapiro, thank you so much. >> you got it. melissa: so is the key to a happy marriage a shared bank account? a new study says yes. tweet me and tell me what you think. i love your responses so f. some are scary though. it is our "money talker." forget self-service grocery checkout, how about self-service security checks? love it or hate it? we'll show you what it is all about. more "money" coming up. when we made our commitment to the gulf, bp had t

means in the wake of a settlement like this, sac must become a family office handling only founder steve coheny money, or close down completely. reopening is an option. with investor redemptions under way and should be completed by wintertime, sac should still have $7 to $8 billion in assets to trade. but cohen himself would be under fire thanks to an s.e.c. lawsuit that will be picked up after the federal settlement is done, if it is done. if they bar him from the securities industry, as they said they are seeking to do, that could make life as a new hedge fund manager exceedingly difficult if not impossible. >> thank you. consumers love the ipads, iphones, ipods, we know that. how are they feeling about icahn. >> that's good. legendary activist investor is talking about proxy fights to force changes at apple. after the earnings are out, two pros will debate icahn. [ coughs, sneezes ] i have a big meeting when we land, but i am so stuffed up, i can't rest. [ male announcer ] nyquil cold and flu liquid gels don't unstuff your nose. they don't? alka seltzer plus night fights your worst cold sym

. >>> plus, how bad are things for sac's steve cohen?the planet. it is all the word on wall street. we've got the inside

started with steve schwartzman's birthday and shawn parker's wedding with the tree fiasco and steve cohen'se hamptons. the wealthy say they have a right to enjoy their lives and succe success. others say you should be more sensitive to the tough times a lot of people are facing. amazing parties. >> sound bite of the year, it should look like a natural upside down forest. >> natural. >> what? >> all right. i can't wait to see that. >> we've all seen those. >> absolutely. one thing we witness see tonight, robert, is this outtake. take a look. >> oh. >> that is showing a lot of tongue right there. i think that's too much tongue for tv. >> yeah. >> it's cable. >> i'm glad we're not going to see that. >> it's cable. >> never too much of anything. thanks, robert. >> thank you. >> secret lives of the super rich new tonight at 9:00 p.m. eastern time. good scream by the way. >> the biggest wall street winners a second and john harwood has that exclusive interview with the president tonight at 4:00 p.m. eastern time. >> on "closing bell". >> with bill griffeth. i know what you're thinking... transit

these discussions although it is a lingering issue in general and perhaps in a nod to that founder steve cohenlast few years and this year has actually downsized the size of his personal trading book, mandy and brian. kind of an interesting development there. i'm told he likes to be prepared for anything. reorganized the firm a while ago but some legal issues to think about as well. >> thank you very much. always great reporting from kate kelly. still ahead on the show, yesterday's three earnings squad names, ibm, goldman sachs, and united health really to blame for dragging the dow down and we've been saying this all along. it would be positive if not for those names. so you better listen up for today's big three names out of the earnings squad before they report. >> later on, herb, i told you so, greenberg is back on. he's going to talk about an etf whose name doesn't really belie what's actually in the etf, plus jim cramer will join us as well. good debate and stock discussions, lot of stock stuff, street talk, get away from the political stuff, coming up. >> let's do it. [ banker ] sydney

"the wall street journal" says steve cohen's firm will agree to stop managing outside money and to pay the government criminal penalties of$1.2 billion with a quick note there, steve cohen will remain under criminal investigation personally. however, there's an expectation that no case will be brought against him individually. >>> nelson peltz spun off pepsi's beverage business and merged its snack business creating a $70 billion snack food giant. >>> finally, china mobile has put an advertisement on its website for the faster 4g network. this is raising expectations that the deals between the largest carrier and apple may fine finally be announced as early as next week. >>> and if you are getting ready for the twitter ipo, check this out. twitter is getting high marks from institutional investors would net with executives on the road show this week. investors say they are optimistic about the social media site's ipo and see little sign of the irrational natural exuberance from last year. speaking of twitter, if you got on the site this morning, they're showing visual mete media direct

as our own charlie gasparino has been reporting, the biggest concern is whether steve cohen would get a lifetime. lori: just three little words. that is all it took to send hewlett-packard's spiking. adam: we will tell you how do you can get a free cup of coffee next. lori: it turns out men's warehouse stock is falling. we will have details ahead. ♪ capital to make it happen? witht the thinking that makes it real? what's a vision without the expertise to ecute it... and the financing toake it grow? whatever your goal, it can change more than your business. it can change the future. that's why, at barclays, our amtion is to alwa realize yours. that's why, at barclays, stick with innovation. stick with power. stick with technology. get the flexcare platinum. new from philips sonicare. adam: a stock color with a smile. we are watching tapes steve penny saxe -- jc penny saxe. we want to get a another look at the retail site there. this one is for the men. men's warehouse. nicole: maybe they will be one together. this morning we are hearing an offer for men's warehouse that dated back to a

bickering all week, but we're no closer to a solution, so let's hear what two congressmen have to say, steve cohentive, i want to start with you, your party said they negotiate, they won't compromise, but that's what politics is all about, right? why can't we find a middle ground with republicans here? >> we've found a middle ground, the proposal on the budget, the republicans made, was a $988 billion or $986 billion budget. the senate wanted $1.02 billion and the president wanted a little more. the president and the senate democrats and the house democrats agreed to go with the republican number. we compromised and gave them what they want. they can't accept yes for an answer. then they threw in not only now do we want our budget numbers on the continuing resolution but we want to take the most prized political accomplishment of the last 40 years from this president and this congress and abrogate it, nullify it, without a vote in the senate, without a presidential endorsement. that's not the way democracy is supposed to work. >> representative denham, do you want to respond to that? >> well, i ce

reportedly close its london office by end of the this year as the $14 billion hedge fund founded by steve cohenng insider trading allegations and negotiateing a settlement with u.s. prosecutors. >>> the irs paid out more than $110 billion in tax keds over the past 10 years to people who did not qualify for them. a treasury investigator found improper payments went to more than 20% who were, quote, earned income tax credit, which is intended for poor working families. that is the latest from the fox business network, giving you the power to prosper. adam: apple may be the big event of the day but we can't forget about the record settlement against jpmorgan that should be finalized in the next few days. charlie gasparino is here now for an interview with tom gorman, securities lawyer at law firm dorsey whitney to discuss what threats jpmorgan still faces. charlie. >> tom, how are you? thanks for joining us. >> thank you for having me. >> this is kind of i think of course everybody is focused on the $13 billion this current deal, we think would be done that this is the week it is finished but ther

joining us from memphis, we have democratic congressman steve cohen. i'd start with that the polling is clear at least for now the long haul polling will change, maybe we will have forgotten this from now. right now the polling seems clear the damage that has been done for the republican party. when you look ahead to the immediate future, these next two months on the calendar, do you think things will play out differently in the next round of negotiation, when it comes to funding the government and the debt ceiling, do you think the government will have a different posture this time? >> you'd think they would, if their child puts their finger on a burner, they're not lickly to go to that burner again, i'm not sure if some of these people don't leak the heat. they revelled in it. they got a lot of energy out of it. i read where representative flemming and i read where senator cruz and some others want to do it again. i think that the more seasoned people, miguel rogers, doc hastings and jimmy rodgers will assert themselves more and they've seen the dama

and this is the key thing, he says, he is telling people he still has full confidence in steve cohen.ell you there is lots of speculation that cutler may step down. i've been hearing that from people, other lawyers at other firms. people talking about this left and right. from what i understand, there is, if he steps down, it is steve cutler saying, i want out because i made my money. got them through this thing. you know, i want out. from what i understand, dimon is telling people he still has confidence in cutler. here is something interesting. dimon believes, same sources are telling us, sources inside the bank, that the people responsible for the regulatory lapses that leading to this settlement i could be announced today. lori: there was talk we could hear sooner rather than later. >> there is good chance it will be friday. lori: news dump kind of situation. >> who knows. complicated thing. lots of moving parts. they have language they have to agree on because that is key. what exactly jpmorgan is agreeing to that they did wrong. he really believes, dimon, that the people respons

. >> i want to bring in tennessee democratic congressman steve cohen because he's actually got a pland the bill that you presented, how would it limit gerrymandering? >> it would take redistricting out of the political process and require it to be done by independent nonpartisan, nonpolitical groups in each state. looking at compactness of districts and contiguous districts so they would be geographically close and compact. they would not look at the politics or incumbency as an issue. >> what's been the response to your proposal? >> well, it hasn't been the most popular thing since, you know, french toast. >> nicely said. >> well, mark, here's the thing and congressman i want to come back to you in just a second. how reasonable, is it mark murray, to expect -- ndemocrats and republicans mind you, how reasonable is it to expect safe lawmakers to change a system that benefits them? >> craig, you hit the nail on the head. i mean, that's one of the big reasons why it's very hard to have change. now, the kind of change that the congressman has just proposed is something that the state of

joe, and none of us have talked about steve cohen in a while and the fact he's going to pay $1 billionthis whole thing. and there's part of me that s s says -- >> biggest find e in history ist enough? >> if the case is so good and the government's going after the guy for however long they're going after him, he shouldn't be able to buy your way out of it. and it's not a knock on steve kohn, it's just a suggestion either bring the case or don't bring the case. there's a calculus going on here that the sec has decided that $1 billion settlement is somehow better than going to court and possibly losing. >> and possibly losing. >> and it seems to me given all the headlines that have gone on for years around this, this seems to me almost like the worst outcome. look, if you're steve kohn, i understand why you would do this. i'd be happy -- >> it's always about the money. isn't it? unless you're madoff and then madoff -- that was weird. drexel out of business, obviously, parked in a little stock. those guys had no idea to really break the rules. they did a little. >> it looks like child's pl

. >>> if your in the market for fine art, give steve cohen a call.ew york times," he want to sell some art to pay for rising legal bills. he is considering selling more paintings. >>> the man some people called dr. doom who correctly helped predict the housing collapse in '08. starting today, roubini economi economics. he joins us here today. good to see you. >> good to see you. >> what are you trying to allow investors to hedge or trade around? >> well, there is an all security that is a concern this month is the anniversary of the oil embargo of opec that led to global inflation in '79. the other was following in 1990. we have had spikes in all prices coming from syria. there is still the open issue within iran, israel and the u.s. there could be another oil spike price. we have to see which are vulnerable to an oil shock. somewhere in the middle. it is not looking very good. >> i would see this as number four or five. people might argue we are in the middle of a production boom. our security ought to be getting better. >> there are two aspects of

cohen, then it's katie bar the door. >> i want to hear from weiss on morgan stanley. steve, i think you would be the first to say there was a time not long on this program you would much more negative than positive on morgan stanley, and i noticed your view seems to have come around, based on the execution of gorman and performance of wealth management, across all lines of that business. >> so i own morgan stanley going into the quarter. my view had turned, and part of that is because i do think you see the generational move into equities, and they are the most leveraged broker with the banking for that. i bought goldman sachs this morning, because to me, goldman sachs is still, in terms of talent, the deepest company in financials, and maybe in the whole s&p 500. every individual i've ever dealt with there is top flight. they just don't miss a beat. >> i'd agree with weiss. i think goldman is a screaming buy. i think they just had a 6 bad quarter. buy it on the dip. >>> google up above a thousand bucks, and it is big news. but it's raising eyebrows on the stock exchange. >

i wonder if steve cohen -- maybe steve cohen didn't do as much work. >> you mean in terms of commissionume? >> even though lloyd said, hey, listen -- >> steve is not doing as much trading any longer. >> is that insane to even think maybe -- >> it's not insane, though i don't think that's correct right now. the company is putting up pretty good numbers this year. but we'll see what happens. we have a couple move months left in this year. i'll be curious to see if sac and the government reach some settlement. >> some other tech companies have not been nearly as bat. san disk was good. ebay was great, then suddenly they start disappointing, extremely disappointing, terribly disappointing, going down. then i'm saying are they kidding me? >> we're going to walk through what ebay said on the call. >> holy cow. >> ibm, as jim mentions, too, singing the blues after blaming a lot on china. we'll talk about that next. and not on is jeffrey gundlach known for success in the market, he made the call this year. and what to expect from google. busy day shaping up. >> very exciting. >> more "squawk on