billionaire investor steve cohen appears to be gearing up and getting back into the hedge fund game. cohen's previous fund was forced to plead guilty to insider trading back in 2013. band from doing that kind of work but now opened a new fund, it appears he's expanding, charlie's breaking it. >> we should point out that steve cohen can run his own massive net worth of something like $9 billion through something known as .72 s management following that insider trading plea and now managing his own money but here's what we do know. he's showing signs that he's going to go beyond that, he thinks he can beat back some of these regulatory charges that prevents him from managing money and he's right now going out and hiring big time from what we understand in asia, in london, particularly asia. very interesting. not just traders but human resources officials. people that generally you don't hire if you're looking to contract or you can't bring in outside money. when they -- when scc was at its height, it was $16 billion. after the scc capital former fund -- one of the biggest -- maybe the m

. >> oprah got a much better pop than steve cohen. >> good for her. >> to chipolte. a tough day for the company. a downgrade courtesy of rw baird weighing on the stock. cutting it to neutral from outperform. lowering the price target to 675 from 850 citing concerns over the e. coley outbreak. stores are still closed in washington state and oregon. is this going to hit sales, is the question. >> our analyst at cohen and company did an analysis of this. if all of the 43 stores stay shut for the quarter it is 11 cents hit for earnings so it is not a meaningful hit from our perspective. is this a broad based walk away from chipolte for the short-term, i've eaten and i feel comfortable. guys on my desk have. so i look at it and say it is an opportunity. >> i have not. >> i lost weight. right. but i think it is a good level here. i think the -- the stock is going to work out. it is going to take a little bit of time for it to work out but at this level you rarely get pullbacks from chipolte. it is time to step in and buy. >> at 2% of u.s. sales closed. up next, alibaba up

obviously oprah winfrey's name brought a lot of juice to the stock but steve cohen legendary trader nothold investor but obviously his decisions here still carry a lot of weight. you have to wonder if this 5.7% position -- >> it goes up another 50% he will flip out of it and not tell people until the next quarter. he is not a long-term believer in weight watchers' future. >> i hear you. >> your big concern is that he -- he's not going i will be amazed if he is in the stock by the end of next year. >> i'm saying information about what he does have move the market. >> everybody wants to be a leming. >> you have to think for yourself. >> follow steve cohen. i will be buying when he's selling it to me. >> the latest james bond film hitting theaters today. the rights to distribute it are hitting the auction block. we will see who is in the running to win that bid and if it's really worth it. stay tuned. r latest masterpiece. timing's important. comcast business knows that. that's why you can schedule an installation at a time that works for you. even late at night, or on the weekend, if that

finally, steve cohen and oprah winfrey, not 2 names you would expect if you together, and yet steve:'company is taking a stake in weight watchers, joining oprah winfrey in our ownership of the comity. she owns about 10%. look at my bloomberg terminal and you will see the opera effect on the shares. -- oprah effect on the shares. we are seeing the shares surge by more than 250%. to be made here. stock price got fatter -- [laughter] julie: you can do that. matt miller did it earlier. betty: got my attention with steve: and oprah winfrey. julie hyman at the markets desk. berkshire hathaway third-quarter profits doubled on friday, billion on the investment gain in kraft heinz. we knew that was going to happen. win for warrenig buffett, considering several of his largest holdings, including american express, walmart, and ibm are trading near their 52-week lows. joining me to discuss this is someone who covers warren buffett and berkshire hathaway for bloomberg news. you selected is by mentioning that kraft heinz was great to be a big gain. was it as you expected? >> it was right in line. t

it's one thing to go after a steve cohen who has got $10 billion, it's another thing to go after andrewgoldman piled on today. didn't they say they don't like valeant's stock here's? >> they don't like the stock either. so, listen, the stock is up today. citron looks like it's out for a while in terms of research, at least that's what andrew left, the founder, signaled today. but this is still going to be a very volatile stock because once you start getting goldman downgrading the stock, the other wall street sell-side analysts have to sort of come in and weigh in. so you'll see probably sell-side pressure -- this is just the pattern, i'm not saying it's definitely. i don't know what morgan stanley's going to do. but you'll see some sell-side, you know, people hedging their bets meaning some downgrades, and that's going to put downward pressure on the stock. that's usually what happens. and then you're going to see some more reporting on this. i don't think we're done with that part yet. liz: it's interesting, this is why people still go to law school, because the whiff of a lawyer comi

steve cohen said despite our political differences fred was always encouraging to me and i valued ourp. he was 73 years old. martha: the watergate hearings, he said were there any recording device in the oval office? that was a question that changed the entire investigation. he will be remembered for that. bill: the debate over future debates continue. the candidates hammering out what they want to see changed. carl cameron standing by with the latest on that. martha: what caused a russian airliner to crash in egypt. a fatal flaw in the plane or possibly a terrorist attack? >> i think an engine problem sounds like something more significant to me than a terrorism issue. you can't scownltd all this but we would have a good feel for fit was terrorism. . (0209fox555a.ecl) . . vo: know you have a dedicated advisor and team who understand where you come from. we didn't really have anything, you know. but, we made do. vo: know you can craft an investment plan as strong as your values. al, how you doing. hey, mr. hamilton. vo: know that together you can establish a meaningful legacy. with th

cohen. our clerk is steve stamos. the meeting is broadcast by steve smith and jennifer lowe. thank you for your service and broadcasting. are there any announcements? city clerk: no announcements. >> roll call. city clerk: commissioner avalos, present, commissioner campos, absent, commissioner cohen, present, commissioner kim, present, commissioner mar, mar absent. we have a quorum. >>supervisor john avalos: if you can call our consent calendar. >> these items are considered routine. staff of prepared to present if desired and maybe removed. >>supervisor john avalos: colleagues, any comments on our consent calendar. hearing none. any member of the public would like to comment. seeing none come forward, we have a motion to move these items forward. >> second. >> motion from commissioner kim, second by commissioner cohen and we'll take that with a roll call vote. city clerk: commissioner avalos, aye, commissioner campos, absent, commissioner cohen, yes, commissioner kim, aye, mar absent. the consent calendar is approved. >> great. we'll go on to item no. 5. >> item 5 recommendin

what's it like to work with steve cohen now? >> it's been a great experience for me.s devil a finitely a demandi investor, a skilled investor, and it's been a good investor. >> you went from barclay's to over there, a family office. very different environment? >> it is. it's gone from an environment where i'm seeing clients all over the world to where i'm focused internally. it's a changed environment but the issues are the same. >> how do you like connecticut? >> it's been great. >> dean maki, we appreciate it. let's go to sue herera for a news alert. >> basically john malone's liberty global is agreeing to buy the caribbean cable operator cable and wireless communications. the price tag on this will be $5.3 billion and basically what it does is it strengthens the acquisitive company's foothold, that being liberty global, in an emerging market where they do not have much of a foothold there, and it brings in their more consolidation. liberty global does trade here and it's down 1.75%. cable and wireless does not trade here. $3.5 billion, liberty global will buy cable

the gentleman from georgia, dan collins, and the gentleman from tennessee, steve cohen, as well as the gentlelady from wyoming, cynthia lummis, have worked to effectuate a commonsense bill that will improve efficiency and accountability of the federal government. i urge my colleagues to support h.r. 3279 and i reserve the balance of my time. the speaker pro tempore: the gentleman reserves. the chair recognizes the gentleman from virginia. mr. good lat: at this time it's my pleasure to yield such time as he may consume to the gentleman from georgia, mr. collins, a member of the judiciary committee and chief sponsor of this legislation. the speaker pro tempore: the gentleman is recognized. mr. collins: thank you, mr. speaker, and i thank the gentleman for yielding. i rise in support of h.r. 3279. i introduced this legislation with a bipartisan group of co-sponsors to proprovide additional transparency under the equal access to justice act. i want to thank the original co-sponsors of this legislation for their support but in particular my friend from tennessee, mr. steve cohen, and also a

>> steve cohen, the head -- hedge fund is selling this. >> it's the large picture, it's emblematic, aimated at $45 million. it's terrific. i mean, you can't find a better one in private hands. bigger versions that exist, one exists in china, the other four in institutions. >> ultimate irony, isn't it? >> the idea this anticapitalist madman is coveted by every billionaire in the room, but it is an interesting irony indeed. >> the most expensive record -- this is -- this is the second? >> number two after the -- >> who was the most? >> picasso. >> selling in may. >> we have the two most expensive paintings auctioned off in the same year. >> it's not the most expensive painting sold. >> right. >> that was that we know of is this card player, the national authority. >> yes, $300 million? >> that was not confirmed, but it was in the upwards of 300. it was a private sale. the transaction -- it's a number in question. >> amazing. >> crazy, this market. >> you can't buy diamonds -- report said this, you can't buy diamonds -- not enough around to park wealth in. go to art. >> i must -- >> bern

cohen. our clerk is steve stamos. the meeting is broadcast by steve smith and jennifer lowe. ank you for your service and broadcasting. are there any announcements? city clerk: no announcements. >> roll call. city clerk: commissioner avalos, present, commissioner campos, absent, commissioner cohen, present, commissioner kim, present, commissioner mar, mar absent. we have a quorum. >>supervisor john avalos: if you can call our consent calendar. >> these items are considered routine. staff of prepared to present if desired and maybe removed. >>supervisor john avalos: colleagues, any comments on our consent calendar. hearing none. any member of the public would like to comment. seeing none come forward, we have a motion to move these items forward. >> second. >> motion from commissioner kim, second by commissioner cohen and we'll take that with a roll call vote. city clerk: commissioner avalos, aye, commissioner campos, absent, commissioner cohen, yes, commissioner kim, aye, mar absent. the consent calendar is approved. >> great. we'll go on to item no. 5. >> item 5 recommending

cohen. our clerk is steve stamos. the meeting is broadcast by steve smith and jennifer lowe. thank you for your service and broadcasting. are there any announcements? city cler

cohen. our clerk is steve stamos. the meeting is broadcast by steve smith and jennifer lowe. ank you for your service and broadcasting. are there any announcements? city clerk: no announcements. >> roll call. city clerk: commissioner avalos, present, commissioner campos, absent, commissioner cohen, present, commissioner kim, present, commissioner mar, mar absent. we have a quorum. >>supervisor john avalos: if you can call our consent calendar. >> these items are considered routine. staff of prepared to present if desired and maybe removed. >>supervisor john avalos: colleagues, any comments on our consent calendar. hearing none. any member of the public would like to comment. seeing none come forward, we have a motion to move these items forward. >> second. >> motion from commissioner kim, second by commissioner cohen and we'll take that with a roll call vote. city clerk: commissioner avalos, aye, commissioner campos, absent, commissioner cohen, yes, commissioner kim, aye, mar absent. the consent calendar is approved. >> great. we'll go on to item no. 5. >> item 5 recommending

suggests cohen was overly optimistic, citing new data from the treasury that isis actually took in as much as half a billion dollars in the past year from oil. but just yesterday, army colonel steve warren, spokesman for the joint task force, said the stepped-up offensive against isis' main source of wealth is paying off. for the first time, the u.s. is attacking oil delivery trucks. >> in al-bukamal, we destroyed 116 tanker trucks, which wenk believe will reduce isil's ability to transport its stoleno oil products. >> reporter: besides the oil fields in iraq and syria that isis controls, there are three other major sources of terrorist funding:ur taxation, which might just as easily be called "extortion" ind the case of isis; kidnapping for ransom; and finally, the looting and the sale of precious antiquities smuggled from the region. this is economics correspondentc paul solman, reporting for then, pbs newshour. >> ifill: william brangham has more about how isis gets its funding. >> brangham: and for that i'm joined by cam simpson from london, a reporter from "bloomberg businessweek" who watches this subject at co-wrote that cover story. cam simpson, you. report on several misc