starbucks talking about a government run you know and finally the insider trading scandal involving stevie cohen i think the capital looks like it's going to take a billion dollar hole in the financial industry at least calculated by the financial industry the hedge fund giant is already facing three point five billion dollars and investor redemption and they could lead to wipe out would mean one billion dollars less brokers in business partners and commissions financing fees and other payouts. well it's like wall street's circling the wagons here at c.c. and here is what's in your prime interest. today iraqi oil production is thriving but who's benefiting now the u.s. went to war with iraq despite protests from the international community under the pretense of eliminating weapons of mass destruction but many speculated the u.s. went to war over oil and two thousand and eight this is what representative dennis consented told the congress we found the weapons of mass destruction in a reactor joyal and as long as your companies control our government americans will continue to pay and pay with our

about a government run that could see you know and finally the insider trading scandal involving stevie cohen i think the capital looks like of going to take a billion dollar. on the financial industry at least as calculated by the financial industry the hedge fund giant is already facing a three point five billion dollars and investor redemption and they could lead to wipe out would mean a one billion dollars less brokers in business partners and commissions financing fees and other payouts looks like wall street circling the wagons here s.c.c. and here is what's in your prime interest. today iraqi oil production is thriving but who's benefiting now the u.s. went to war with iraq despite protests from the international community under the pretense of eliminating weapons of mass destruction but many speculated the u.s. went to war over oil and two thousand and eight this is what representative dennis consented told the congress we found the weapons of mass destruction in a reactor joyal and as long as your companies control our government americans will continue to pay and pay with our lives

number two is stevie cohen of sac.ithdrawals hasn't changed his appetite for fine art. he paid $155 million for picasso's "le reve." and the number one -- the formaldehyde shark. but they fixed it. they got a new shark. and the world's number one art collector is david geffen, he has a collection worth $1.1 million. he also turns out to be one of the smartest buyers and sellers. when prices were high, he sold a jackson pollack for $140 million and he saw this painting for $137 million. sometimes being a great collector, brian, also means knowing when to sell. >> that is right. eli brode, a good guy. the hurst, and i like contemporary art, but they seem like they're fly by night. any sign of that? >> you never know. >> sharks in formaldehyde? >> a lot of the art market is such an insider's game that we never know until 20, 30, 40 years later. >> whatever happened to hurst's skull with all the diamonds on it. >> he bought his own work. >> insider art trading pb what is that? >> that's coming up next. >> tlstz another goo

where's the due process for stevie cohen?> i think the due process comes in to play in the five-year statute of limitations, which is coming up very shortly. the prosecutors have every right to explore whatever legal theories they want to test and they want to charge. but ultimately, after five years has passed, they're not going to be able to bring this case. so that's really where the due process comes in. >> tom and brad, thank you very much for your thoughts. very interesting. >> thank you, gentlemen. >> thank you. >> thank you. >>> heading toward the close, still near the high for the session. up 175 points. some traders have pointed out to me, even as we talk about there's a number of stocksor sa close, those will be pared off. so we'll see. we'll see what the feeling is as we head toward the ringing of the bell. >> we sure will, bill. >>> look out sirius xm, pandora is now available in more than is 00 car models. coming up next, we'll look at which stock you're better off tuning in to. >>> and once upon a time, gold us

if stevie cohen is indicted that's a major deal.r there will be movement about this. but as a business right now, that does not change this hedge fund. >> coming up next with mortgage rates above 4%, we've got a street fight overg price that would be poised for big gains and big fallouts. that is next. still ahead, one biotech name broadly outperforming its peers. what's the secret behind this company's success? looking at covered call strategies to generate income? with fidelity's options platform, we've completely integrated every step of the process, making it easier to try filters and strategies... to get a list of equity options... evaluate them with our p&l calculator... and execute faster with our more intuitive trade ticket. i'm greg stevens, and i helped create fidelity's options platform. it's one more innovative reason serious investors are choosing fidelity. now get 200 free trades when you open ccount. yeah, i'm married. does it matter? you'd do that for me? really? yeah, i'd like that. who are you talking to? uh, it's

the stunning thing to me was that this case started actually -- the stevie cohen case started in 2006. the feds, you know, picked up on some ims and e-mails between raj's kid brother who happened to also get him into trouble and they saw these ims and e-mails between them and dan schrager at s.a.c. and that's what led to, you know, the investigation today, really. >> you would think, too, with all the physical evidence, this case was known for phones, a lot of wiretaps, like very aggressive investigation. you would think if cohen was on any of that, that would have been in speculation. >> i mean, that's seven years. that is stunning. >> right. exactly. and i think, you know, there were efforts to entrap cohen in 2009, make recorded phone calls. he didn't take the bait. >> if you're on wall street right now, should you expect all your phone lines to be tapped, not only by perhaps the nsa? >> i think it would be a wise step to think that way, yes, absolutely. >> final question. what's the ultimate goal in all of this? is he running for something? >> everybody says he's running for somet

inherently protects the status quo ante and the feds are going after steve cohen on the set of known theory of justice watch out stevie and remember the actually gotten mark on it about obstruction of justice and we talked with dose of salerno the question that the viability of the and tired global banking system and just seen it revealed just how the pup like dogs bait and switch by the tard. finally bob and i wondered what uncle sam is doing so i'm not trying to get a story about the hire as i'm buying popcorn machines and romance novel that's all we have today i'm perry i'm boring and come back tomorrow want to find out what's and your prime interest. they use the perfect material it's a lie you make just a small change and you get a totally different result than what are pretty top know the of. the goldfish is a little complicated. geometry we still play monkey you know the incisional and there's a good. it's very intricate work where my life has changed one hundred percent. from the field operating table here more than just a very small table as long as i had a flashlight and a working battery and i had a good en

inherently protects the status quo ante and the feds are going after steve cohen on the should have known theory of justice watch out stevie and remember the actually gotten martha honest about obstruction of justice and we talked with joseph salerno who question that the viability of the and tired global banking system and just revealed just how the public got a bait and switch by the tarp. finally bob and i wondered what uncle sam is doing so i'm not trying to get story cash about the hire as i'm buying popcorn machines and romance novel that's all we have today i'm perry i'm boring and come back tomorrow want to find out what's and your prime interest. they were ready to do anything for their country to leave a trail as to love the country more than yourself if you join the military for any other reason that you're probably not going to have a good day they were cool in the state now they live remembering that which is impossible to get rid of. the war. but it all over good people get hurt. routes are good people them to be silent. but would prefer not to be sometimes i feel like. i should have died over there. because.

well anti and the feds are going after steve cohen on the should of known theory of justice watch out stevie and remember the actually got martha on it about obstruction of justice and we talked with joseph salerno who question that the viability of the and hired will banking system. that revealed just how the public got a bait and switch by the tarp. finally bob and i wondered what uncle sam is doing so not trying to get a story higher as i'm buying popcorn machines and. that's all we have today i'm perry i'm boring i come back tomorrow what to find out what and your prime interest. she good leverage surely was to believe. she'd leave doesn't give a darn about anything mission to teach me reason why i should care about you and. this is why you should care only. american whistleblower edward snowden remains stuck in the transit zone of a moscow poultice russian human rights activists present at the fugitive. despite the blow to british intelligence from snowden's leaks the u.k. financial chief announces a funding boost for the country's spying agencies. slashing welfare spending. and america

inherently protects the status quo ante and the feds are going after steve cohen on the should of known theory of justice watch out stevie and remember the actually gotten mark on the obstruction of justice and we talked with dose of salerno to question that the viability of the and tired global banking system and just revealed just how the public got a bait and switch by the tarp. finally bob and i wondered what uncle sam is doing so not true good story house and the hire as i'm buying popcorn machines and a romance novel that's all we have today i'm perry i'm boring and come back tomorrow want to find out what's and your prime interest. of edward snowden a whistle blowing hero to millions around the world once again calls him a very dangerous security liability and a threat whatever his state one thing appears to be clear just to punish his actions in the name of transparency and the need to have a public debate on the surveillance state in that regard as he succeeded. you know how sometimes you see a story and it seems so for lengthly you think you understand it and then you glimpse something else and you hear or see