will other sac employees stay loyal, and will steve cohen ever face jail time? charged with anything. charlie gas perino live from vegas with his thoughts next. >>> and we ask the man who deposed cohen himself, michael bowie, two attorneys coming up with their ideas. ♪ ♪ (mother vo) when i was pregnant... i got mo advice than i knew what to do with. what i needed was information i could trust on how to take care of me and bab steven cohen, no criminal that helps moms stayn track with their doctors and get the right care and guidance-before and after e baby is born. simple is good right now. (anncr vo) innovations that work for you. that's health in numbers. unitedhealthcare. ♪ ♪ liz: michael steinberg was sentenced today to three and a half years in prison on insider trading charges, so what does this mean for the future of prosecuting white collar crime? charlie gasparino, live in a vegas studio, no less. great to see you, charlie, great reporting from the salt conference, but you and i talked a lot about this case, and now he has been sentenced. he can appeal,

steve cohen 198 million. he cannot find a buyer. "varney & company" is about to begin. ♪ stuart: we have some big names stocks. we follow it for you all the time. look at this, please. at&t reportedly in talks to buy a tnt. there are some skeptics around on this deal. it is a lot of money. direct tv is no longer a tech leader. big beat for the cloud computing company. they take your stuff and they store it up there. the stock is up nearly 10%. twitter coming off of a decent game. it has become our proxy of sorts. now, it has a mute button. mute people you are following without them knowing. we wonder what dr. keith ablow with say. he is not keen on the twitters of this world and now they have a mute button. now look at green mountain. coca-cola increasing its stake in the company. charles is with me. now, coke. they must like green mountain. >> they think they can say it and it happens. they have these gigantic orchestrated campaigns to deliberately hurt these companies. that is what pleases me off about them. i am rooting for the s

. >>> talk about hard sell, billionaire hedge fund manager steve cohen having a hard time finding a buyer new york apartment just as many of those are getting snapped up. who he is blaming for lack of buyers. >>> as fiat plans to launch its listing on new york stock exchange this year the auto make ear's ceo sergio marchionne is making a bet on technology to increase fuel efficiency and it is not electric. we'll tell you all bit next corr. corr. cause i'm really nervous about getting trapped. why's that? uh, mark? go get help! i have my reasons. look, you don't have to feel trapped with our raise your rate cd. if our rate on this cd goes up, yours can too. oh that sounds nice. don't feel trapped with the ally raise your rate cd. ally bank. your money needs an ally. but with less ergy, moodiness, i had to do something. i saw mdoctor. a blood test showed it was low testosterone, not age. we talked about axiron the onlynderarm low t treaent that can restore t vels to normal in about two weeks in most men. axiron is not for use in women or anyone younger than 18 or men with prostate or breast

same sex sexual harrassment suit at sac capital, steve cohen's firm.ne of the traders said his senior trader made him take female hormones to make him a better trader. more sensitive -- we should point out this case was thrown out of court. but, that was the premise. melissa: susan, you want to try to follow on that in any way? [laughter] just going to dump right in your lap. say anything. >> i think i'm more after feminist than charlie. i will start with that. beyond that, i don't see that women are lacking confidence, women that i'm dealing with, certainly not, certainly not at this platform today. the women that i work with professionally, the women i went to school with, women i know, my gosh they're as confident, sort of nice way of saying is else. melissa: i agree i look at women look marisa mayer, mary barra, kelly other women at this network. that is your own sample size they happen to be around you. they happen to be aggressive or push their way to this profession or my class at harvard. >> you left out my classmate, meg whitman. >> this place

and steve cohen, i think more bid in trulia. >>> and activity. facebook. >> just as we led into this show with kelly evans, if i had to choose between the two social media stocks, this -- >> you would rather? >> i would rather, absolutely, tim. and somebody else much bigger than me put in 35,000 contracts out in july. they bought those. they sold the 70 strike above it, same number. so that's 3.4 million shares they'll control between 67.5 and 70 in july expiration. it's only about a million and a half dollars, but they could have a huge wind fall if they're right. >> it's friday before the memorial day weekend. would you rather? twitter or facebook. >> i'm in twitter. i would rather there. but it's very close to the 29.5 level, which has been the low, the recent low. feels like guys are pushing it back to the ipo price. but yesterday, a sniff of an activist, you saw the stock rally back, and carl icahn said it's not him. why only one activist? see the action in the social media short. i think you can see a bounce. i'm hanging on a little bit lon

he is one of the few people who has ever action will be deposed steve cohen of sec capital. will get his reaction. how would fred casey defends this entire operation if he had to? we will be following this closely. markets are crucial. we are looking at that and a company called border 40, a publicly traded company that is helping you and anybody else in business make sure you can get through all of the problems and issues that it takes the red tape to do business overseas. what do you think? a fascinating discussion. melissa: i could have left the studio and gone out to break to let those two go at it. thank you, we look forward to your show. google glass entering the high-fashion world of models, launching a campaign that would make eric zoolander proud. you can never have too much money. (mother vo) when i was pregnant ...i got lots advice, but i needed information i could trust. unitedhealthcare's innovative, simple program to get the right care and guidance. (anncr vo) that's health in numbers. unitedhealthcare. sunny or bubbly? cozy or cool? "meow" or "woof"? wheels or

tennessee democratic congressman steve cohen. he thinks the committee thing is unnecessary and will not play any part in it. i guess if asked you will not serve. >> i wouldn't. it's good to be back. i feel like i'm at home with the fedex truck outside. >> i forgot. congressman, what do you think about what senator cruz is saying and what's the harm of a bipartisan committee to get to the bottom of it? >> the government oversight has been studying this and studying it and have 14 pinocchios. not a good thing to get -- >> nobody answers. >> that's right, and tell mel the last time that a government select committee found any proof of anything? >> do you think we're due answers. >> we're due answers but i don't think government collect committee will find them. >> what will? >> the state department and the defense department is trying to find the terrorists, and they will find them, and they will bring them to justice. >> but they haven't yet. >> it takes time. >> no duty. >> took a lime for the president to get bin laden bin. >> it

capital advisers, steve cohen. 2.4 billion in terms of his pay out, his earnings.ohen's final year on the list and there's a reason why, he was at the center of a criminal insider trading charge last year. he's agreed to shut down, convert his hedge fund into a family office operation, managing his own money as well as employees. he'll still be very rich. yahoo, myron, zoweta, you name it, he trades a lot of these names so that's a big one. coming in at number one, this is interesting, 3.5 billion, david temperaturer from, since 2010 -- >> that's liesman money since 2010, he's returned 5 billion to investors. he made his billions last year in airlines, banks auto-related companies, citigroup, goodyear, united, delta, hca holdings, a lot of these companies are concentrated bets for guys buy david temperaturer. one of reasons he tops the list is also this is the third time he -- and the second year in a row he's topped this list. >> airlines are a great call. there have been times when they've been anything but a good call. >> all the contrary this past year. >> than

steve cohen from s.a.c. he won't be on this list next year because of the problems that they had with the firm last year, $2.4 billion, number one, dave tepper from asset manager with $3.5 billion. frequented cnbc guest leon cooperman made $825 million and third points, dan loeb who brought in $57 million and nelson belts at 375 million and david einhorn 350 million and bill ackman. being a hedge fund manager can still be a pretty nice way to eke out a living. >> do the return hedge funds managers earn the money that they are paid. good to see you, brad. hedge funds have become so big, have proliferated and is there a reason that the guys are able to make the money that they are? >> it depends, the answer. depends on what their strategy is. a manager who is investing stocks probably should be benchmark versus the s&p 500, so it's a very difficult question and clear answer. it's a little bit opaque. >> let me ask you this. do you think generally these payouts are warranted or justified? >> depends on how they

down to the wire amendment proposed by tennessee congressman steve cohen added an additional $5 millionhe total to $41 million. you saw this as part of the call to action and tweeted, my amendment to add $5 million to end the backlog just passed the u.s. house. the road to ending the backlog isn't over. in fact, it's just beginning. the senate appropriations committee is expected to markup its own version of the bill on tuesday. joining me now, ranking member of the house appropriations committee. thank you for being here. >> my pleasure, ronan. >> you described this as truly outrageous, how important is this legislation to you? sfwl surviving sexual assault is one of the most traumatic experiences in a woman's life. and to think that there were 400,000 and counting kits with evidence sitting on a shelf is as tounding. new york had a 17,000 person backlog. and they increased the arrest rate from 40 to 70%. this is essential. we've got to deal with it and i'm very pleased that we were able to fight for $41 million. this will lead to evidence collection and analysis and prosecution. >> we

. >> joining me congressman steve cohen, democrat from tennessee.essman, should lindsey graham retract that? should we go on the floor of the senate and say i'm sorry about that? >> well, in the real world he would but politics isn't the real world. you're not supposed to ever admit anything. this all makes "wag the dog" look like the bible. it makes it look like the encyclopedia brittanica. >> you are in the house where they are people to have votes on a select committee on benghazi. how do you plan on voting on that and what do you think of the idea of devoting precious time, resources and attention to the select committee? >> i'm going to vote against it and i'm going to call up a famous political consultant, fielding mellish with attribution to woody allen who created him. he would say that this committee is a travesty. a travesty of a mockery of a sham. a travesty of a mockery of two travesties of a sham. and that's what it is. it's absurd. this is ludicrous. a congressional committee did not find osama bin laden. barack obama found osama bin l

the buyer is barry roens stein and steve cohen just purchased a home nearby for 62.5, jerry sign field chanos. before that only two properties ever hit that nine-figure mark. fleur de lis in l.a. sold for $102 million in march followed by copper beach in greenwich, 52 acres for $129 million but these are cheap next to london. just sold a flat in london for $230 million. >> who has that kind of money? >> rich people have that money. >> thank you so much for that, robert frank, and thank you very much for watching "street signs" as well. >> "closing bell" is next. >> welcome to "closing bell" on a monday. i'm kelly evans here at the new york stock exchange. >> welcome back. >> i was just celebrating the anniversary. >> yeah. >> for an extended bill. >> markets struggling to be positive on this first trading day of the week and didn't get much help from europe. european markets down on news from asia. t

steve cohen saying that the bill has passed.uld add $5 million more to end the rape kit backlog, has passed. we've got big news. it looks like the letter so many of you signed onto mobilized some change. we'll continue this conversation and continue looking how that rape kit backlog is affecting americans coming up tomorrow. >>> that wraps up things for today's edition of rf dailey. t"the reid report" is next. more hotels than anyone else in the world. save up to 25% and earn bonus points when you book at wyndhamrewards.com. save up to 25% and earn bonus points you wouldn't have it she any other way.our toes. but your erectile dysfunction - it could be a question of blood flow. cialis tadalafil for daily use helps you be ready anytime the moment's right. you can be 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 doctor about all your medical conditions and medicines, and ask if your heart is

next up here, number two, sac capital adviser steve cohen with $2.4 billion. this is cohen's final year on the list, cohen was at the center of charges last year has agree tood shut down sac capital and convert his operations to a family office. coming in at number one with $3.5 billion is david tepper. since 2010, tepper has returned a whopping $5 billion toen investves investors. this is his second straight year on the list and third time in the last five years. so a nice run here for david tepper. there are other notable names on the list. if take you a look at some of the highlight, number seven is leon cooperman with $825 million in earnings. plus a host of notable activist investors. number nine, dan lobe with $700 million. and nelson peltz at $375 million. number 21 is david einhorn. $350 million in earnings there. and then there is bill ackman comes in 28th, but still number 28 is worth $265 million. andrew, a nice list of folks making a heck of a lot of money. >> so come over to the table here. hang out with us just for a little bit. i want forget you

capital, they sac are charging steve cohen.meone were tipping information -- and we do not know that that is the case -- but if somebody were doing that, how were they able to and what protections did ackman put in place to prevent it? >> how much do you think someone was working on something and just in passing leaked something and then the ball starts rolling from there? >> unfortunately, i might have said before all of this hoopla evolved that it happened infrequently, but it is very holster adage he has not been about imparting news to the public. -- whole strategy has not been about imparting news to the public. it has been about -- the sec is making sure that there is no insider information. >> it is in his interest to let other people in these -- on the street know he is about to short something so they all short together and they all come out ahead? encourage, and to other funds to sell stock as well, even if not before the event, to try to put more pressure on herbal life -- herbalife's stock price. >> what about carl

steve cohen, john paulson, making more than $2 billion.llion dollar club by a hair, rounding out the top-five. >> what makes me more insane about this? these are the numbers institutional investors came up with. if you actually think those are the numbers, were slowly i believe the numbers have to be higher than that. knowing how much does these guys make if you factor in their investments? the numbers are even bigger. the $3.5 billion is extraordinary if you think about appaloosa. not even a huge fund in terms of management. under $20 is just billion. david has said he is not looking to take more money. he does not even have that many people employed there. the office is in new jersey. we are not talking about the early 2000's. significantly smaller than that. they put on concentrated bets and in david's case it was all about airlines and boy, they won. >> the thing you have to remember, the thing that distinguishes a hedge fund manager or private equity guy from a bank ceo is that the investors are ok with this. they have invested with t

. >> also, further language is where steve cohen bought, where jim chanos.st roads in america >> is that where they all go? to east hampton. >> not 147. that's a big number. huge, even for the hampton, it's hug huge. >> any chance you can borrow it, david and we can go on holiday for a week? >> a guest cottage. >> that would be nice. >> or take the show to the hamptons! >> a caretaker's cottage, i'd do that but it's nice. i'll take the caretakers cottage. >> really? >> still ahead -- >> that leaves target ceo stepping down after the massive data breach. the technology officer will be with us to talk about security. it could cost you your job and details on 40 million credit cards. after this break. there's a new way to buy a car. it's called truecar. and truecar users... save time and money. so when you're... ready to buy a car, make sure you... never overpay. visit truecar.com today. if you have a business idea, we have a personalized legal solution that's right for you. with easy step-by-step guidance, we're here to help you turn your dream into a reality.

audience: [cheering] steve: and from scottsdale, arizona, it's the cohen family. cheering] steve: everybody's here trying to win theyself a lot of cash and the possibility of driving out of here in a brand new fuel- efficient ford f

congressman michael capuano for sponsoring this legislation with me, congressman steve cohen for his tireless efforts to help build the support needed to bring this bill to the floor for a vote, and i also want to thank senators roy blunt and robert men endezz for taking the -- menendez for taking the lead on this bill in the senate. while we can never say thank you enough, i believe the congressional gold medal is a worthy token of appreciation from a grateful nation to these members of the great estrogen ration. i urge my colleagues -- greatest generation. i urge my colleagues to pass this legislation and i yield back the balance of my time. the speaker pro tempore: the chair recognizes the gentleman from massachusetts. mr. capuano: thank you, mr. speaker. i'd like to yield as much time as he may consume to the gentleman from tennessee, mr. cohen. the speaker pro tempore: the gentleman from tennessee is recognized. mr. cohen: thank you, sir, i want to thank the gentleman from massachusetts for the time. i rise in strong support of the monuments men recognition act. and i want to th

cohen. >>i think we belabored the point. i'm going to offer steve a point and maybe come up and talk about enforcement. that was the issue of enforcement raised by one of the speakers in public comment. >> this raises a good point about enforcement in the city and just as personally as staff i would love to see that the planning department have more capacity. it's usually a budget issue. what she speaks to and the special restrictions and specifically about the office space that is created and ensure the office space if this space after three years the pilot goes away that the office use is not illegal so it's not about the pdr space. it's about the office space and ensuring any developer that the office space is not illegal and hard to find tenants et cetera so that's really what that provision speaks to and not the pdr space. with the enforcement of the pdr space of course that is the ongoing question and this section doesn't speak to that. generally about the other enforcement requirements in the city but if you want to hire a bunch more enforcem

steve ballmer will buy the los angeles clippers for reported two million dollars the team is cohen or shelly sterling sent out a media release thursday night stating that these sterling family trust had agreed to sell the team to the former microsoft chief executive bulmer outbid the likes of oprah winfrey and david geffen for the l.a. based basketball team however the deal must still be cleared by donald sterling who had control of the team for more than three decades before he was caught on tape insulting african-americans shelly sterling who owns the clippers with her husband through a trust so that she was delighted with the deal yet mr sterling's lawyer bobby samee argues that as a co owner of the team he has to consent to the clippers sale on his wrist for refusing to back the deal now some money said quote that's his position he's not going to sell n.b.a. owners are due to meet in new york on tuesday to consider mr sterling's remarks the latest development could preemptive move by the n.b.a. to force mr sterling to sell his interest in the team the deal will also need the bless