. >> the sec is moving ahead with a revised civil case against steve cohen. it will now pursue a claim that he failed to supervise a former sic capital portfolio manager now serving nine years in prison for insider trading. the sec will no longer base it's case against cohen for failing to do the same for another employee. his insider trading conviction was overturned in october. in 2013 they agreed to plead guilty. the firm has been rebranded as point 72 asset management. >> star wars two reaches a new orbit. they made $529 million worldwide. $12 million more than initial estimates. that means it topped the record debut of jurassic world in june. but that's not helping disney overall. they're concerned art cord cutting and pressures on espn. downgrading the stock saying while disney pay top expectations this year due to star wars it will underperform after that. disney falling more than 1% in yesterday's trading session in german trade. currently it's flat. now still to come on the show, we have lift on. spacex falcon nine successfully rockets. we'll get the

. >> and chimerix is surging as steve cohen takes a stake. we'll take you behind the details on his position and what it means for the stock. >>> and a rough year for carl icahn. whether there is any chance for a turn around in 2016. much more "fast money" right after this. sure, tv has evolved over the years. it's gotten squarer. brighter. bigger. it's gotten thinner. even curvier. but what's next? for all binge watchers. movie geeks. sports freaks. x1 from xfinity will change the way you experience tv. >>> so every time i tried and failed and every time i tried again and every time i tried again has brought me to this most powerful moment to say, if not now, when? >> wow. >> good question, oprah. that was the new weight watchers commercial featuring oprah winfrey. and check out shares of the weight loss company spiking 20% as it rolls out ads in the u.s. this week. shares of the stock are up 245% since oprah signed on as spokesperson and took a 10% stake in the company. guy? >> yes. >> where do we begin. >> listen, there is no better activi

. >> steve cohen's fund has taken a passive stake of 5.3% in chimerix, a small cap biotech.merix lost about 80% of its value on monday. something to keep in mind. we are looking at those shares of chimerix higher after hours by around 6%. disclosing a 5.3% stake in the company. back to you. >> thank you. stevie cohen taking a position there. what do you make of that? >> i know meg was on "fast money," you know, earlier when that news broke. and she was mentioning that. i believe it's in february, there's a very slim chance, but there's a chance, call it a 10% chance that there is data that allows whatever this product was for to be approved for a certain class. revenue opportunity of $150 million versus 500-plus revenue opportunity. so i think maybe there could be a bet on that. that's all i could think of here. >> wild week for this one. >> we'd love that too as well. david, thanks. we'll see you next hour. >> thank you. >> be sure to stick around and catch david and the rest of the "fast money" crew at 5:00 p.m. eastern time. someone says there is a secret signal in the ma

big players like george soros and steve cohen have set the trend.on't expect long shot bets like a billion dollar short on herbal life or beaten down stocks in the coal sector. after a brewsing year hedgees will return to what they know, straightforward activism and amountel research driven buy and hold strategies. >> all right. so consolidation and closure, check, i'm already right on that and it's not even 2016 yet. >> the dynamic is occurring, i think we will see that decline in assets very, very likely. as for how people will invest, obviously time will tell. i'm saying phil ackman has said i wouldn't do a billion dollar herbal life short again, it's too problematic, even though i'm right. that will i'm sure continue to evolve in the new year. i think people are going to be a little more risk adverse after the year they had. console energy, the coal company that david eye horn bought with the middle of the summer thinking the fundamentals were such that it was ready for an uptick and it's been a total disaster. >> i was going to ask you what sto

do you believe that steve cohen will manage money for public investors again?> i do. >> i do. >> not in 2016, probably, but several things, one is, he's a huge out performer. looking into this now, but at last check, up 12% versus a fund of zero, literally up zero, and he is finally getting through this phase of the litigation as we know from last week. the sec dropped 50% of the case because mike has effectively been exonerated, one of the employees that he allegedly failed to supervise, down to another employee. if he gets through the civil case relatively unskaifed. close is clear. they said the new firm adamantly, we're not looking at managing outside money, but they say that for now. i think he -- >> they still report earnings. not the earnings, but the returns. >> the numbers. they get out there. they do. they do. >> couple years ago, there were stories done that hung funedge are not worth it. why go in there, people without experience who do not charge as. do just as well. a couple good years in there? way do you think happened? because the guys that you

steve cohen wants a clean system. i talked to him a million times about this.utter, you know, it's true. your effective rate coming down. it's not true they pay millions of dollars to accountants. inefficient. >> what's holding it back? >> oh, the lobbyists, the washington establishments. >> paid by the right or left? >> both. george sorros is in here too, your buddy. >> i was not saying yes to him being my buddy. >> soul mates. godfather. his cell phone is ringing. here's how you respond to kudlow. this is unfortunate. this is a left-right malaise in the system. it's the washington establishment versus good upstanding moral citizens like yourself who want a clean tax code, and so do i. >> oil does not recover and republicans do not win? what's the point? something about a much a chance as republicans winning. >> oil's not going up. >> what was the point about republicans? >> republicans making into the white house or -- sarcastically they would? >> what were you saying? they wouldn't or would make it in? >> i wish i knew who was going to win the election. i do

steve cohen. a big crowd out here. we'll send it back to you. >> quite a crowd out there.ve been talking about for days. an idaho cafeteria worker who lost her job after giving a 12-year-old who was hungry, a student, a free meal. now she's sharing her story. speaking out earlier on "fox & friends" saying she's devastated. >> i could understand if they would have written me up or, you know, given me disciplinary action, but i didn't think they would fire me over there. i would do it again. i would feed any baby that's hungry. >> an online petition has been started to get her job back. it has 100,000 signatures. the school says they offered to give her job back but she says that's not true. >>> an australian man barely makes an escape after his car explodes not once but twice and it's all caught on camera. the car catching on fire just moments after leaving a gas station. witnesses say the man ran from his car with his legs on fire. the explosion sending small pieces of metal more than 600 feet into the air. authorities say the driver escaped with extensive burns. >>> and a

the honorable steve cohen, tennessee's ninth. the honorable alcee hastings, florida's 20th. the honorable sander levin, he s with minneapolis, minnesota. excuse me. ninth. the honorable jerrold nadler, new york's 10th. the honorable charles rangel, new york's 13. david scott, georgia 13. frederica wilson. she is with florida 24. of course r, and debbie wasserman schultz, who i mentioned earlier. this acknowledges the mission of the a.j.c. which is to enhance the well-being of jewish people and israel and to advocate and advance jewish rights and jewish values in the united states and around the world. the a.j.c. is committed to combating racial prejudice and anti-semitism and sponsoring and supporting issues related to the state of israel. the a.j.c. has a rich history. it was founded on november 11, 2006, in new york city by a group of american jews who wanted to raise awareness about some of the atrocities that were taking place against jewish people in russia as well as in other places. d this leadership went on to dd, as its list of duties, i suppose, doing all they coul

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