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Feds are trolling Wall Street cocktail parties to spot the next Bernie Madoff

Stocks (^DJI, ^GSPC, ^IXIC) are flat at midday, led by utilities (XLU), with energy (XLE) and financials (XLF) in the red. Tim Anderson, managing director of TJM Investments, joins us live from the New York Stock Exchange.

To discuss the other big stories of the day, Alexis Christoforous is joined by Yahoo Finance's Dan Roberts and Justine Underhill.

Apple's new investment
Apple’s next big product may not come in the form of an iPhone or iPad—but in a car. Analysts at Morgan Stanley looked into Apple’s research and development and found the tech giant spent $5 billion on the automotive industry since 2013. Is Apple looking to launch its own car or a different type of service? 

Looking over Wall Street
According to Bloomberg, the SEC is getting creative trying to catch traders who are up to no good. More and more regulators are mingling at conferences and parties to see who may be causing a problem. But with few people being convicted from the 2008 financial crisis, does it even matter?

Behind Hulk Hogan's legal fight
A lawsuit against a major media company is revealing a hidden grudge. Silicon Valley billionaire Peter Thiel says he helped pay for Hulk Hogan’s legal fight against Gawker media after the online magazine released Hogan’s sex tape. What does this mean for the future of Gawker?

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