Focus as well. Cuttingedge games, Cross Platform engine technology, that is the match that they are betting on. With hedgeg to start funds and the case against Steve Collins sac capital steve cohens sac capital. Claimsthe defendants that calling himself can help his defense. What is the latest . These a lot these findings came out late on friday, facing trial in january, we know that he will not testify in this case and that he intends to assert his constitutional rights, but that he did produce a 40 pages of the main deposition with the sec in which he stated he made trades in shares of wyatt since acquired by pfizer based on advice from a friend and fellow hedge fund manager. They say that this bolsters the defense and he says he wants to prove that he had nothing to do with the decision to liquidate those holdings and short sale stocks in 2008, he faces 20 years of convicted. So, what is in the 40 pages . He told as a see back in may that his trades were based on advice from a frien
Janet yellens math on the economy. Why the u. S. Military grounded its affect and 35s. And why a plan to sue president obama is paying dividends for democrats. We have heard time and time again claims from bill ackman that herbalife is a pyramid scheme. The company and carl icahn say those claims are without merit. In march, the u. S. Federal trade commission opened an investigation, and the Illinois State attorney general has been looking into complaints filed by 16 latinos outside of chicago. A claimed they were duped out of their life savings and herbalife is to blame. Duane stanford has been looking into those claims. We are headed to a community lulac,un by lou lack a major Latino Advocacy group in the united states. They have come out strongly against herbalife. They believe the company has been taking advantage of latinos. Lulac has pulled together victims. Document 25,000 he has lost. He is a good example of the kind of person bill ackman says is being taken advantage of. How a
Good morning. I hope you had a Great Holiday weekend. Great to be back with you. I always love talking herbalife but for now, we will get the news feed from the top business stories around the hedge fund, that supply company says it will return more money. Goldman sachs revised its forecast on when Interest Rates will survive. The forecast was revised after report. Ks strong jobs japan warns of the storm will and the windmorrow may reach up to 160 miles an hour. Plus fireworks in the sky. Fourth of thehe weekend. Today, they are trading down slightly eerie trading the fed and looking ahead to secondquarter earnings. Jonathan is the chief u. S. Market strategist. Down 17,000, although seven 2000 and one at the moment. How long can the rally last . Not an easy question. A lot longer. One thing about the really slow overy is that it is likely we are your five in the 10 year cycle. We will talk about dell 20,000. You subscribe to the new neutral, the new normal. Before we a long time are i
Taking a breather as german chancellor Angela Merkel takes a breather of her own. She is in china, gentlemen. What you think of that . . Ny comments moving on. No Economic Data in the u. S. No earnings to date here in the u. S. A couple of items of note, in spain, the running of the bulls kicked off have you done that . No. That is crazy. On a more serious note come and i did not realize this, today marks the nine Year Anniversary on londonsombings transportation. That was a very big deal. Do and after the fourth of july data check. The euro under. Stayedh ukraine, subdued. That, 10. 32ok at means more complacency. Near 111. E lets go to the bloomberg terminal. We will talk about this and this hour. Two year yield from 2011, down we go. There are these breakouts. This is the last peak, somewhere in september. Up we go again, the two year yield. We will talk about that this hour. Can yields break out . We look at the websites and scare the front pages. Adam johnson has our front page. T
Of money plans to raise in its ipo. 6060 sixl range was dollars per share another top end is 68 per share. It one price range puts step closer to breaking a global fundraising record. 22 william dollars. The worlds biggest ipo. 22 billion. We expected this range to be raised yesterday and it was but it was not as high as some had said. I think we continue to see the company and its underwriters generally pursue a fairly conservative outlook as it relates to pricing. It might just be a reflection of the fact that they have to raise a lot of money. Theyre solid that they are selling over 20 billion worth of stock and that the did thats a big deal. I think they want to make sure that this deal trades well in aftermarket. They want to avoid what happened to facebook and make sure that not only do they place the stock with longterm Institutional Investors but they will be buyers of the stock in the aftermarket so the stock trades well. It does not seem there isnt a shortage of buyers. There