4 who is steven cohen . He built up an a enormous personal for tune on the basis of his incredible skill for trading. So he had a strong instinth for the stock market. He would sit down and look at the way stocks were trading and believed to have an incredible sense of how to ride the waves in the market and make money. He has this very compelling almost rags to riches story. He grew up very middle class and long island. His family has less money than a lot of others around him. He felt a sort of hunger to become rich. He started playing poker in high school. Very quickly built up a for tune. He has a mansion in connecticut, helicopter rides, works of art. He became an object of extreme envy. Sac. His initials. E embodied the firm. Theres a moment you say in your book he wouldnt talk to you. Tell us about that. I had spent several years reporting this book. I went about doing that the i had a lot of Court Documents interviews with people and i tried to convince him to sit with me. Of c
Part of this, at least with wti is because that january contract rolled. Youre looking at a february contract. We were already in a february contract for brent but every time you see that roll youll see prices come up slightly. The question is whether they can hold on to that. It would be under 35 i think if you just added 28 to where we close. Did that start yesterday . I didnt notice it late yesterday. Yesterday morning it was not. It was weaker yesterday morning. Was it rolled already . No, yesterday morning we were still january. Lets tell you about whats else is going on. We have a flood of Economic Data coming up. We have a final read on 3rd quarter gdp and at 10 00 existing home sales and the richmond fed survey. Dow component nike is posting quarterly results. Shares of that company up more than 35 this year already. A big day for last minute shopping and shipping. Its going to have 36 million packages today. Meantime amazon prime says its consumers have until midnight eastern
The phone rings and says, hes going to upgrade amazon in six minutes. 30 seconds later, i made about a halfMillion Dollars. Narrator to information brokers. They told me they were going to arrest everybody. Narrator to sac capital. Arrested fund managers. Doesnt matter who you are. Rules are rules, and the law is the law. Narrator tonight on frontline, to catch a trader. Frontlinis made possible by contributions to your pbs station from viewers like you. Thank you. And by the corporation for public broadcasting. Major support for frontliis provided by the john d. And catherine t. Macarthur foundation. Committed to building a more just, verdant and peaceful world. More information is available at macfound. Org. Additional support is provided by the park foundation, dedicated to heightening Public Awareness of critical issues. The ford foundation, working with visionaries on the frontlines of social change worldwide. At ford foundation. Org. The wyncote foundation. And by the frontline j
Hes going to upgrade amazon in six minutes. 30 seconds later, i made about a halfMillion Dollars. Narrator to information brokers. They told me they were going to arrest everybody. Narrator to sac capital. Arrested fund managers. Doesnt matter who you are. Rules are rules, and the law is the law. Narrator tonight on frontline, to catch a trader. Frontlinis made possible by contributions to your pbs station from viewers like you. Thank you. And by the corporation for public broadcasting. Major support for frontliis provided by the john d. And catherine t. Macarthur foundation. Committed to building a more just, verdant and peaceful world. More information is available at macfound. Org. Additional support is provided by the park foundation, dedicated to heightening Public Awareness of critical issues. The ford foundation, working with visionaries on the frontlines of social change worldwide. At ford foundation. Org. The wyncote foundation. And by the frontline journalism fund, with major
HalfMillion Dollars. Narrator to information brokers. They told me they were going to arrest everybody. Narrator to sac capital. Arrested fund managers. Doesnt matter who you are. Rules are rules, and the law is the law. Narrator tonight on frontline, to catch a trader. Frontlinis made possible by contributions to your pbs station from viewers like you. Thank you. And by the corporation for public broadcasting. Major support for frontliis provided by the john d. And catherine t. Macarthur foundation. Committed to building a more just, verdant and peaceful world. More information is available at macfound. Org. Additional support is provided by the park foundation, dedicated to heightening Public Awareness of critical issues. The ford foundation, working with visionaries on the frontlines of social change worldwide. At ford foundation. Org. The wyncote foundation. And by the frontline journalism fund, with major support from john and jo ann hagler. Narrator november 2010. A team of repor