steve cohen will be able to manage money until 2018. why that's good news for the billionaire investor. let's head to the markets desk with bloomberg's julie hyman with the latest. julie: not blockbuster stock activity by any means. without was bouncing around and lack of impetus. i do want check on yahoo! very quickly. we just got headlines in the past few moments, a scoop. yahoo! is now reconsidering a sale of its main business, rather than a spinoff. its main web business, that is. we will be getting more details i'm sure throughout the hour with this scoop again by our reporting team. you can see shares spiking by more than 3%. broadening out to the major averages today, we've seen quite a bit of bouncing around right now. all three major averages are very little changed, even after that jobs report. something's counterbalancing include continued worries over what's going on in china and volatility in the markets there. if you look at the s&p, speaking of volatility, over the course of the session there's been quite a lot of bouncin

steve cohen will be able to manage money until 2018. billionaire investor. let's head to the markets desk with bloomberg's julie hyman with the latest. julie: not blockbuster stock activity by any means. without was bouncing around and lack of impetus. i do want check on yahoo! very quickly. we just got head

still ahead on "bloomberg markets," steve cohen can manage money again, but has to wait to do it. what's next for the billionaire, after the break. ♪

. >> steve cohen is a former federal prosecutor. >> once somebody goes to trial, 12 jurors say guilty, once you're in that place, it is extremely difficult to overturn a conviction. >> this is a thin case, in an odd way that makes it harder and makes it harder because without something very new, what you're really doing is attacking the same evidence that the jury based its conviction on. >> and cohen says anything new velazquez's lawyers have might not be enough. >> i don't want to suggest that recantations are nothing, but they are not dna. they are not somebody who you now believe was the actual shooter. you don't have that here. >> for four years, jj has lived in sing sing's honor block.

betty: how does this turnout for regulators and for steve cohen?the mostne scrutinized and regulated hedge funds ever in this have. he might become a model for the hedge fund world to operate. matt: i think part of it was who built really good relationships with industry experts, but also companies themselves. for while it was clear that regulators. that was very suspicious. a lot of -- they thought that a lot of this, these conversations with companies -- right, it was great matter by then. recent-- matt: the s take a made it trader step back on what is insider trading and what is legitimate relationship building with companies? he has a monitor now installed by the sec. it's interesting to see what is the courts have decided you have a lot of leeway to talk to companies and build relationships. the sec does not seem to like that -- right, because they think it is to grade. you can -- they think it is too gray. you can cross the line before you know it. matt: right, they view that as cheating, but the courts have said, that is not what insider tra

thank you congressman steve cohen. thank you for joining us. >> you're welcome, chris. good to be back with you. >>> next, my interview with ta-nehisi coates. stay with us. >>> a lot of african-americans are starting to call for reparations for the many years of stolen labor, through slavery. is that something you would support as president? >> no, i don't think so. i think it would be -- first of all, its likelihood of getting through congress is nil. second of all, very divisive. i think the real issue, when we look at the poverty rate among the african-american community, when we look at the high unemployment rate within the african-american community and costs within the african-american community, we have a lot of work to do. >> last week bernie sanders was asked if he would support reparations. his answer, decisive no, went largely under the radar until yesterday when ta-nehisi coates read an article in "the atlantic" asking why is bernie sanders against reparations. sanders answer is illuminating. saying the chance of getting reparation through congress is nil, a

case, a civil case, against steve cohen, the long-term hedge fund manager. the case is settled with a two-year supervisory bar for steve cohen essentially on managing outside funds at an investment adviser or similar entity. it means if steve cohen wanted to reopen a hund with outside capital he would have to wait until 2018. he neither admits or denies charges that he failed to supervise matthew mar tomah who was a trader who traited pharmaceutical stocks for s.a.c. and is now serving time in miami. i would say this is a win for cohen who has been waiting to undergo this case for a couple years now after the criminal case that was filed against s.a.c. settled and wept through some appeals processes. it's a relatively short supervisory bar, tyler, and typically with these things you see them open-ended. it's a supervisory bar that goes for an indefinite period. sometimes people reapply for reinstatement to manage outside money, but to know at the outset it's only going to be two years and to neither admit or deny means that he had a pretty successful outcome

thank you congressman steve cohen. thank you for joining us. >> you're welcome, chris. good to be back with you. >>> next, my interview with tom hasse coates. stay with us. and includes b vitamins to help convert food to energy. mmmmm, these are good! nice work, phillips! the tasty side of fiber, from phillips'. ♪jake reese, "day to feel alive"♪ ♪jake reese, "day to feel alive"♪ ♪jake reese, "day to feel alive"♪ the possibility of a flare swas almost always on my mind. thinking about what to avoid, where to go... and how to deal with my uc. to me, that was normal. until i talked to my doctor. she told me that humira helps people like me get uc under control and keep it under control when certain medications haven't worked well enough. humira can lower your ability to fight infections, including tuberculosis. serious, sometimes fatal infections and cancers, including lymphoma, have happened; as have blood, liver, and nervous system problems, serious allergic reactions, and new or worsening heart failure. before treatment, get tested for tb. tell your doctor if you've bee

thank you congressman steve cohen. thank you for joining us. >> you're welcome, chris. good to be back with you. >>> next, my interview with ta-nehisi coates. stay with us. ke i do, many cold medicines may raise your blood pressure. that's why there's coricidin® hbp. it relieves cold symptoms without raising blood pressure. so look for powerful cold medicine with a heart. coricidin® hbp. staying in rhythm... it's how i try to live... how i stay active. so i need nutrition... that won't weigh me down. for the nutrition you want without the calories you don't... try boost® 100 calories. each delicious snack size drink gives you... 25 vitamins and minerals and 10 grams of protein. so it's big in nutrition and small in calories. i'm not about to swim in the slow lane. stay strong. stay active with boost®. ♪ he has a sharp wit. a winning smile. and no chance of getting an athletic scholarship. and that is why you invest. the best returns aren't just measured in dollars. ♪ beth, i hear you calling.♪.s ♪ but i can't come home right now... ♪ ♪ me and the boys are playing.♪. ♪ .

. >> steve cohen is a former federal prosecutor. >> once somebody goes to trial, 12 jurors say guilty, once you're in that place, it is extremely difficult to overturn a conviction. >> this is a thin case, in an odd way that makes it harder and makes it harder because without something very new, what you're really doing is attacking the same evidence that the jury based its conviction on. >> and cohen says anything new velazquez's lawyers have might not be enough. >> i don't want to suggest that recantations are nothing, but they are not dna. they are not somebody who you now believe was the actual shooter. you don't have that here. >> for four years, jj has lived in sing sing's honor block. and he's been going to school at the prison. >> see what the teacher graded me on? see what the topic was? >> my incarceration's impact on my family. >> his younger son, jacob, has never known his father as a free man. his oldest, jj, jr., 3 when his dad was sent away. because of his age, prison rules prohibited him from visiting his father by himself. >> never had alone time with father and son.

. >>> we have a news alert on steve cohen, kate kelly stepping in with that. what now?> in the wake of news that steve cohen was settled a civil case filed against him by the sec with a relatively attractive set of terms for him really, two year ban on managing outside money and no fine or admission of gift, word that their performance for the year 2015 very, very solid, 15.5% were the returns at any point 72, steve cohen's family office for last year, that stripped the largest hedge fund which was down 1%. taking a quick look at some of those top hold i think so they were in two big winners, amazon and alphabet to name two. they trade in and out of names at times very quickly at that fund, that's part of their style so these are dated holdings, but amazon and google obviously would have been winners for them and also lulu lemon among their top holdings. a very strong performance here, terrific legal noose for them. it would seem 2016 is off a good start for steve cohen. >> before you go why do you think he got off so easy? two-year ban and nothing else? >> you know, bi

steve cohen details next. ♪ welcome back. here is your latest.shing macy's to cash in on vast real estate holdings. eventer to macy's saying nice -- selling a small stake would send the stock is higher. goldman sachs says a report out today, it expects returns for moderate risk well diversified portfolio. -- u.s. stock. and american apparel founder trying to get back into his old company. an investment group has made an offer. investors include hager capital and silver peak capital. american apparel rejected a previous bid in 2014. stephanie: steve cohen has finally put his battle behind him, reaching a settlement to many outside money for two years. let's bring in bloomberg businessweek editor sheila. cannot manage external money for another two years, a slap on the wrist. what is noteworthy to me, hundreds of employees have had complete senior management turnover and the skies performance continues to crush other peoplewhen are failing. what does it say about mr. cohen? >> there is no way to look at this and see it as anything other than a huge

cohen failed to express this in writing and directing the movie. >> on the upper east side, mack king for "fox 5 news". >> i have a bad feeling about that. steve: the good news is tomorrow, little bit of snow. so warm. tonight the weather is turning colder and we run the risk of this coming from the west. in the city it's going to be 40 degrees tomorrow. so even if the flakes to emerge at times, they are going to melt when they hit the ground. the chelating snow could be at the higher terrain. you get the idea. no big deal with the system coming through. sixty-three for the record, sunrise 7:19 a.m. a bit of sunshine and clouds coming out. right now it cool over the city. the pressure out of the west west and its back down considerably from earlier. cities, 41 poughkeepsie, west of town. it is cool now down into the 20s to about 30 degrees. made in bridgeport, jersey shore, 26 poughkeepsie and lower 20s and in jersey we are down 19 and 20 degrees in a lot of places. the wind is considerably less. gusty and cold. wind out of the last five to 10 miles per hour and back out of the southwest at 10 to 15 miles per hour. it could get breezy at times

dwight and steve hammond, are two oregon ranchers facing jailtime for -- msnbc has covered this kind of public land clash before. first we want to get live to oregon and scott cohenn on what these protesters are notwithstanding and demanding. they said they want these land, this 175 rescue. the refuge has been in federal hands since early in the 20th century. while the protesters are the one who is have taken over apparently multi-. federal buildings, they say they're the ones who are on the right side of the law. >> we're here only to promote the constitution, the supreme law of the land and to help the people reestablish their rights. >> i'd like to say that let us be civil and let us be as jntle as possible but we shall be as firm as necessary. >> the group says that they do not plan to be violent unless the government is violent. the fbi and local authorities say they also are hoping for a peaceful solution. nonetheless local schools are have been closed through this week and this community remains very much on edge. >> appreciate that. >> my annette calls for it to be pusful be. >> this isn't really about the hammond brothers and their jail term. it's a how