Opening Bell

Opening Bell: 03.24.14

Ackman’s Pershing Near Break Even on Losing Herbalife Bet (Bloomberg)
Bill Ackman is close to breaking even on his wager against Herbalife Ltd. (HLF), a trade by his Pershing Square Capital Management LP that he last month called its biggest loser, after the stock plunged following disclosure of a U.S. Federal Trade Commission investigation. Herbalife fell to a eight-month low of $49.54 on March 21, approaching the level when Ackman first put on his trade. The hedge-fund manager started what would become a $1 billion bet against the stock in May 2012, he has said, before disclosing it on Dec. 19 of that year. During that period the stock was trading at an average price of $48.58. Ackman has since restructured his Herbalife wager using long-term put options, making an exact determination of his break-even point difficult.

Tremors in the Palace of the Bond-Fund King (NYT)
William Powers, a senior executive at Pimco until 2010 and now a private equity investor, said Mr. Gross was “an autocrat” who brooked little dissent. “Those who disagree do so at their peril,” Mr. Powers said on Bloomberg TV. He added that Mr. El-Erian had improved the atmosphere at the company by establishing a more collaborative management structure, so there is reason to hope that “this sets up a very healthy future.” Laird R. Landmann, co-director of fixed-income at TCW, has worked at Pimco and has many friends there. “Bill Gross is a genius, the best there is at bond trading,” Mr. Landmann said. He added, however, that anyone who has ever worked at Pimco “will tell you that Bill is authoritarian, that there are times when you just know that you can’t talk to him.”

Macquarie Sees 2014 Net Income Climbing to Six-Year High (Bloomberg)
Macquarie Group Ltd. (MQG), Australia’s biggest investment bank, expects its full-year earnings to rise as much as 45 percent to the highest since 2008 as the outlook for its fixed-income, currencies and commodities unit improved.

Top J.P. Morgan Executive in China Expected to Resign (WSJ)
One of J.P. Morgan Chase JPM & Co.’s top China executives is expected to resign amid a continuing probe of the U.S. bank’s Asian hiring practices, according to people familiar with the situation. It isn’t known why Fang Fang, who is chief executive for China investment banking and vice chairman of investment banking in Asia, decided to leave the largest U.S. bank after more than a decade of deal-making. He recently told the bank he wanted to retire, one of these people said.

Report: Germans seize cocaine on its way to Vatican (AP)
The drug haul was unremarkable, but the destination raised eyebrows. German weekly Bild am Sonntag reported Sunday that customs officials intercepted a cocaine shipment destined for the Vatican in January. Officers at Leipzig airport found 12 ounces of the drug packed into 14 condoms inside a shipment of cushions coming from South America. The paper says the package was simply addressed to the Vatican postal office, meaning any of the Catholic mini-state’s 800 residents could have picked it up…Neither German customs nor the Vatican could be immediately reached for comment. Read more »

Opening Bell: 03.21.14

Icahn may add reps to Herbalife board but won’t add to stake (NYP)
The billionaire investor was approached by Herbalife after it learned it was the subject of a regulatory probe and asked him to add more of his people to the board, according to sources. While Herbalife said in a regulatory filing that talks between it and Icahn over an added board seat were ongoing, it was not known that the Los Angeles company had approached Icahn about the issue soon after it learned of the Federal Trade Commission probe. While Icahn, who has a 17 percent stake in the distributor of weight-loss shakes, has not made up his mind yet on whether he will name an added board member, he has determined he will not buy more Herbalife shares as part of that deal, sources said.

Regulators Fine Former Credit Suisse Trader (WSJ)
British authorities accused a former senior Credit Suisse AG trader of trying to sell the Bank of England more than £1 billion worth of government bonds whose price he had driven up during a spate of fervent buying, an affair the regulator described as a brazen, if unsuccessful, attempt to rip off taxpayers. The U.K.’s Financial Conduct Authority deemed the trading abusive and fined the trader, Mark Stevenson, £662,700 ($1.1 million). It is the first time it has imposed a penalty for manipulation in U.K. government-bond markets.

Airbnb Is in Advanced Talks to Raise Funds at a $10 Billion Valuation (WSJ)
Airbnb Inc., which once sold novelty cereal boxes to stay afloat before emerging as a threat to the hotel industry, is close to becoming one of the world’s most valuable startups. The online service that lets people rent their homes to travelers is in advanced talks to raise capital that would value it at about $10 billion, according to people familiar with the matter. Private-equity firm TPG and boutique investment firm Dragoneer Investment Group are leading the funding round, which could total between $400 million and $500 million, these people said. Mutual funds including T. Rowe Price Group Inc. are expected to be part of the investment group, the people said. Fidelity Investments is also in discussions to join the group, the people said.

…despite orgy fiasco (NYP)
Earlier this week, Airbnb found itself in a hot mess when Ari Teman discovered that his apartment, which had he had listed on Airbnb, had hosted a wild sex party advertised on Twitter as a “XXX FREAK FEST.” Teman thought he was renting the pad to someone who was going to use it to host some wedding guests. Airbnb has since put Teman up in a hotel and banned the party planner from its website. It is also discussing reimbursing him for the damage to his home. “Airbnb has been responsive, and we are still in talks,” Teman told The Post about the bizarre episode, which he said left his furniture unusable and his clothes mysteriously damp.

$80 Million for 6 Weeks for Cable Chief (Dealbook)
Robert D. Marcus became chief executive of Time Warner Cable at the start of the year. Less than two months later, he agreed to sell the company to its largest rival, Comcast, for $45 billion. For that work, he will receive nearly $80 million if the deal closes, a severance payment that amounts to more than $1 million a day for the six weeks he ran the company before agreeing to sell. “It’s not unprecedented, but it is rare and troubling,” said Robert Jackson Jr., an associate professor at Columbia Law School. “There’s something stunning about such big paydays for such a small amount of work.”

McDonald’s Patron Pointed Gun At Drive-Thru Worker Over Missing French Fries (Or Dipping Sauce) (TSG)
Oklahoma cops are searching for a McDonald’s patron who pointed a gun at a teenage drive-thru worker after discovering that his order was missing an item. A female cashier told police that a vehicle came through the drive-thru late Tuesday night and the driver picked up an order. But after discovering that the McDonald’s bag was short an item, a male passenger became upset, according to police in Chickasha, a city 40 miles southwest of Oklahoma City. At that point, the suspect, who was in the vehicle’s back seat, pointed a gun at the employee and warned, “Don’t make me use this” and “Don’t let it happen again.” Cops received conflicting accounts over what item was reportedly missing from the order. The cashier said that the customer complained that dipping sauce was not included in the order, while another witness said the dispute involved french fries. Read more »

Opening Bell: 03.20.14

French Court Upholds Prison Sentence for Rogue Trader at Société Générale (WSJ)
PARIS—France’s highest appeals court on Wednesday said former Société Générale trader Jérôme Kerviel must serve the three-year prison sentence handed to him for his wayward bets but it overturned an award of €4.9 billion ($6.37 billion) in civil damages that was to be paid to the bank.

U.S. Alleges Inside Traders Used Spycraft, Ate Evidence (WSJ)
The scheme involved an elaborate attempt at cloak-and-dagger tradecraft, prosecutors said. According to the criminal complaint, the middleman usually met Mr. Eydelman, who lives in Colts Neck, N.J., by the large four-face clock at Grand Central. There, he would flash a piece of paper with the stock trading symbol of the company in question and then chew it up after the stockbroker committed the information to memory. Throughout the alleged scheme, Mr. Metro and the middleman intentionally limited telephone calls and texts to seemingly innocuous statements, such as “let’s meet for coffee,” but then would meet to exchange inside tips, with Mr. Metro allegedly pointing to stock ticker symbols on his smartphone, according to a related civil complaint by the SEC. Mr. Eydelman knew the source of his customer’s information was a friend who worked at a law firm and was referred to once by the middleman as the “boy at the law firm,” according to the SEC complaint. Mr. Eydelman, who traded on the inside information for himself and others, covered his tracks with a “paper trail of false and contrived emails” citing market research and other rationales intended to serve as legitimate bases for the illegal trading, according to the SEC complaint. Mr. Metro, who is from Katonah, N.Y., saw little immediate benefit from his part in the alleged scheme, because his share of the profits—originally about $7,000—was rolled over into subsequent trades that increased his take to about $168,000, according to the criminal complaint. Last fall Mr. Metro told the cooperating witness that he wanted to cash out his share. The request prompted Mr. Eydelman to say to the middleman in January, “Sooo, we got to figure out a way to get [him] some cash, right?” according to the complaint.

Bitcoin firms explore U.S. rules for derivative exchanges (Reuters)
“Let me tell you, (if) they’ve got a derivatives contract, we have jurisdiction… and we should regulate it,” Bart Chilton, a member of the Commodity Futures Trading Commission told Reuters in an interview.

Amish Buggy Driver Sought In Hit-And-Trot (TSG)
Pennsylvania cops are hunting for the driver of an Amish buggy that was involved in a hit-and-gallop accident Sunday evening. According to state troopers, victim Michelle Cooper, 36, was driving her Honda CRV on a Mercer County road when an “unknown actor driving an Amish buggy” damaged the vehicle “by running into it twice.” “The Amish buggy drove away from the scene” and was last spotted “near Orchard Road and #8 Rd,” a police report notes. While the left side of Cooper’s car was damaged by the buggy, she was not injured during the collisions. Police have classified the buggy accident as a criminal mischief incident, so it appears unlikely that the perp would face an additional charge of trotting from the scene of a crime. In a TSG interview, Cooper said she was at a stop sign waiting to make a turn when she spotted the buggy “flying like a bat out of hell” down the road. As the buggy turned alongside her vehicle–which carried Cooper’s two young sons and a 10-year-old nephew–it struck the side of the 2009 Honda. After pursuing the buggy for about a minute, Cooper pulled in front of it and exited her car to confront the driver, whom she described as a “young kid” with “no beard.” The driver, Cooper said, “threw his hands in the air” and drove on, striking the Honda’s open driver’s door (which Cooper could not subsequently get to close). Read more »

Opening Bell: 03.18.14

Wall Street Trains Fire on Idea of a Bank Tax (WSJ)
Bank of America Corp., Citigroup Inc., Goldman Sachs Group Inc., J.P. Morgan Chase & Co. and other big banks are marshaling opposition on Capitol Hill to kill a proposal by House Ways and Means Committee Chairman Dave Camp (R., Mich.) to tax the nation’s largest financial firms, according to people familiar with the efforts. The companies are curtailing financing for GOP lawmakers and warning of an economic hit, these people say. Goldman Sachs, which was in discussions to hold a fundraiser for the National Republican Congressional Committee, recently opted not to move forward because of concerns about Mr. Camp’s bank-tax proposal, according to people familiar with the plans.

Investment Banking Drives Jefferies to Strong Results (WSJ)
For the quarter ended Feb. 28, Jefferies recorded net earnings of $112.4 million on revenue of $899 million. Jefferies had preliminarily forecast earnings of $105 million on revenue of $875 million. A year earlier, the bank earned $80.1 million profit on revenue of about $818.5 million. The quarter’s bottom-line growth was driven by a 44% rise in investment banking revenue to $414.3 million, on the back of strength in both the capital markets and advisory businesses. Jefferies had previously reported preliminary investment banking revenue of $410 million.

BlackRock Says Bears Blundering by Exiting Emerging Markets (Bloomberg)
Investors “are selling emerging markets which have very low valuations, significant dividend yields but have underperformed in recent times,” Vecht, London-based portfolio manager at BlackRock Emerging Europe Trust Plc, said in e-mailed comments yesterday. In exchange, they’re buying assets in the developed world, “which has relatively high valuations, potentially limited long-term earnings growth and where markets have just gone up rather fast.”

Bristol man gets revenge by texting works of Shakespeare to rogue internet seller (BP)
A Bristol graphic designer who was ripped off by an internet seller has turned to Shakespeare to get his revenge. Edd Joseph, 24, who lives in the city with his girlfriend, was furious when he bought a PS3 games console for £80 and the seller failed to deliver the goods. So Edd decided to take his revenge by sending him the entire works of the Bard – by text. Edd discovered he could copy the words from the internet and paste them into a text message – without costing him a penny on his unlimited mobile phone package. He sends it as one text but his victim can only receive them in 160 character chunks – meaning the 37 works of Shakespeare will buzz through in 29,305 individual texts. So far Edd has sent 22 plays including Hamlet, Macbeth and Othello which have been delivered in 17,424 texts. He reckons the remaining 15 works will take another few days to send – meaning his adversary’s phone will have been constantly beeping for nearly a week. Edd said: “I was really annoyed and I was trying to think of ways of being more in the position of power because I felt so helpless about it. “My first thought was that I could try and pretend I had found out where he lived but it was all a bit of a cliche and it wasn’t going to worry him really. Read more »

Opening Bell: 03.17.14

New York Strips London of Mantle as World’s Top Financial Center (Bloomberg)
New York replaced London as the world’s leading financial center for the first time, after the City was rocked by a series of scandals and questions over the U.K.’s place in the European Union. New York holds the top spot in the latest Global Financial Centres Index with a “shaky, statistically insignificant” two-point lead, according to Michael Mainelli, chairman of Z/Yen Group Ltd., which compiles the index. Competition is heating up, with Hong Kong and Singapore, the two leading Asian centers, narrowing the gap between themselves and the top two to fewer than 30 points on a scale of 1,000, the index shows.

Alibaba Starting U.S. IPO Process as Hong Kong Bid Falters (Bloomberg)
China’s biggest e-commerce company plans to work with Credit Suisse Group AG, Deutsche Bank AG, Goldman Sachs (GS) Group Inc., JPMorgan Chase & Co., Morgan Stanley (MS) and Citigroup Inc., according to a person familiar with the matter. Investment banks value Alibaba, founded by former English teacher Jack Ma, at as much as $200 billion, which would make it the second-biggest Internet company behind Google Inc. (GOOG) based on market capitalization.

Fannie, Freddie bill leaves status of private shareholders to courts (Reuters)
The 442-page draft from the Democratic chairman of the Senate Banking Committee and the panel’s top Republican would keep in place current terms of the government’s bailout of the two companies that require them to sweep all their profits into the U.S. Treasury. It is silent on whether or not private shareholders should share in any proceeds when the companies are liquidated.

2 Oligarchs in $7 Billion Deal for a German Oil Company (Dealbook)
The German utility RWE said on Sunday that it had reached a preliminary agreement to sell its oil and natural gas subsidiary, RWE Dea, to the Russian billionaires Mikhail Fridman and German Khan for 5.1 billion euros, or roughly $7 billion. The RWE Dea acquisition is the first known oil and gas transaction by the LetterOne Group, the investment vehicle Mr. Fridman and Mr. Khan set up in 2013 to invest the estimated $14 billion they received for selling their shares of TNK-BP, the Russian oil affiliate of the oil giant BP.

Half of U.S. Business Schools Might Be Gone by 2020 (BusinessWeek)
Richard Lyons, the dean of University of California, Berkeley’s Haas School of Business, has a dire forecast for business education: “Half of the business schools in this country could be out of business in 10 years—or five,” he says. The threat, says Lyons, is that more top MBA programs will start to offer degrees online. That will imperil the industry’s business model. For most business schools, students pursuing part-time and executive MBAs generate crucial revenue. Those programs, geared toward working professionals, will soon have to compete with elite online alternatives for the same population.

Scrabble-Playing Robot Is a Sore Loser (WSJ)
Like many Scrabble players, Victor tends to blame bad luck when he loses. “Sometimes, I hate this game,” says Victor, a Scrabble-playing robot created by students under the supervision of Reid Simmons, a robotics professor at Carnegie Mellon University here. Victor’s secret is that he talks a better game than he plays. He is a champion trash talker. A typical put-down: “Since you’re human, I guess you think that’s a pretty good move.” One recent day in a CMU student lounge, Victor took on Dorcas Alexander, one of the top-ranked (human) Scrabble players in Pennsylvania. Never before had the robot encountered such a skilled opponent. “She’s pushing him into an arena I’ve never seen,” Prof. Simmons said as Ms. Alexander went to work. Dr. Simmons began developing Victor in 2009 to test how robots could “interact in a more natural way” with people. If robots are to perform such tasks as helping older people with household chores, Dr. Simmons said, it will help if the machines are more companionable than, say, a dishwasher. He chose Scrabble as Victor’s game because so many people know how to play it. Robots have been trained to deal blackjack and play games including basketball, pool and chess. Scrabble is a new frontier. Though serious players have long honed their Scrabble skills against faceless computer programs, it isn’t clear how much demand there might be for wisecracking robots that play the game. “He was very insulting in a funny way,” said Brynn Flynn, a CMU graduate student who recently played a few moves against Victor to try it out. Read more »

Opening Bell: 03.13.14

Goldman Sachs Sees Bitcoin Future in Payments Over Money (Bloomberg)
Goldman Sachs Group Inc. analysts see Bitcoin as an innovative payments technology while doubting that it will evolve into a true alternative currency, according to a research report released today. In the report, titled “All About Bitcoin,” the researchers write that they examined multiple views of the digital currency by people inside and outside of Goldman Sachs. “So where does that leave us? With the conclusion that Bitcoin likely can’t work as a currency, but some sense that the ledger-based technology that underlies it could hold promise,” the report said.

Ex-Banker’s Plea Deal Outlines Trail of a Tax-Evasion Scheme (WSJ)
Around 2001, Credit Suisse signed an agreement with the IRS in which it agreed to withhold taxes from accounts held by Americans and prohibit them from holding U.S. investments. Afterward, the bank’s compliance department told bankers, including Mr. Bachmann and his bosses, not to talk about U.S. securities with U.S. customers, according to the statement. But the bankers ignored it, according to the statement. After the session, Mr. Bachmann complained about the restrictions. An executive told him something to the effect of: “You know what we expect of you-don’t get caught,” the statement said.

Senate’s Fannie Mae Wind-Down Faces High Political Hurdles (Bloomberg)
Senate Banking Committee leaders said the proposal, which they plan to release later this week, would replace the two U.S.-owned mortgage financiers with government bond insurance that would kick in only after private capital suffered severe losses. It remains unclear whether the measure can gain the support it would need in the next four months, before lawmakers’ attention shifts to midterm elections. A Democratic Senate aide said leadership is currently unenthusiastic about legislation that would eliminate the companies. “It’s possible, but it’s certainly not probable,” said Mark Calabria, a former aide on the Senate banking panel who now directs financial regulation studies at the Cato Institute, a Washington-based research organization that supports free markets. “You’re looking at maybe a 10 percent chance of a bill getting to the president’s desk.”

Emotions Vented Online Are Contagious, Study Finds (WSJ)
First, the researchers found that a rainy day directly influenced the emotional tenor of a person’s Facebook posts. The effect was small but significant—the number of negative posts rose 1.16%, while the number of positive comments fell 1.19%. That, in turn, affected the Facebook status of one or two friends in other cities where it wasn’t raining. Each additional positive post resulted in a further 1.75 positive posts among friends; while each negative post yielded 1.29 more negative posts by friends, the researchers said. Posts were sorted by whether they contained positive or negative language, such as the word “sad” or “happy.” To strip out the effect of topic contagion, the researchers removed any status updates that were actually about the weather. “We wanted posts where it is raining on you and it is making you write negative posts that are not about the weather,” Dr. Fowler said. With about 1.2 billion active users, a volatile upbeat or downbeat mood could quickly spread through Facebook, Dr. Fowler said. “It is going to have implications for financial markets, which have bubbles and busts, and it has implications for political activity,” he said.

Coffee Cravers Ignoring Bean-Price Surge for Caffeine Fix (Bloomberg)
Doreen Cappelli is so hooked on her morning cappuccino that she says she’d pay a lot more to get it. “I don’t drink wine and alcohol,” Cappelli, 52, said after buying the $3.25 drink at Blue Bottle Coffee at San Francisco’s Ferry Building, in the shadow of the Bay Bridge. “Coffee is one of my pleasures in life. I would pay double.” While prices probably won’t go up that much just yet, pressure is growing on the $80 billion U.S. coffee industry as the cost of arabica beans used in high-end brews skyrockets. Futures in New York jumped 85 percent this year to $2.053 a pound. By May, they may reach $3, the highest since 2011, said Judy Ganes-Chase, an industry consultant in Panama City, Panama, who has been analyzing the market for three decades.

Police say Iowa man tried to trade sex for a boat trailer (WQAD)
Stan Syring, 37, of Clarence, met with an undercover Marion, Iowa Police officer who responded to his Craigslist ad Tuesday, March 4, 2014. The two met the following Monday, March 10, and agreed to an undisclosed sex act in exchange for Syring getting a boat trailer. Read more »

Opening Bell: 03.12.14

Ackman Says Investigation Finds Herbalife Violates Chinese Laws (Bloomberg)
Billionaire Bill Ackman, renewing his attack on the nutrition and weight-loss company Herbalife Ltd., said its investigation into the business’s Chinese operations found that they violate direct-selling laws. Ackman’s firm, Pershing Square Capital Management LP, hired OTG Research to evaluate Herbalife within China, he said yesterday during a more than two-hour webcast. Pershing said Herbalife pays people illegally based on the number of recruits they amass. The company’s “hourly consulting pay” is key to showing that it violated laws, Pershing said, citing the OTG probe. “They defraud millions of people,” Ackman said during the presentation. “Their portrayal of their China business in their SEC filings is materially false and misleading.”

Plan for Mortgage Giants Takes Shape (WSJ)
The plan, by Senate Banking Committee leaders Tim Johnson (D., S.D) and Mike Crapo (R., Idaho), calls for replacing Fannie and Freddie with a new system of federally insured mortgage securities in which private insurers would be required to take initial losses before any government guarantee would be triggered. The agreement, which faces a long road to approval, represents the most concrete step so far to resolve the last major piece of unfinished business from the 2008 financial collapse.

Puerto Rico Buys Some Time With Bond Sale (WSJ)
Completing Puerto Rico’s largest-ever bond sale affords the government some breathing room after the prices of its outstanding bonds tumbled last year, sending yields sharply higher amid investor fears that the island faced a cash squeeze. Puerto Rico officials have said they intend to honor all the island’s obligations. The commonwealth has been fighting to break a string of budget deficits by cutting spending, boosting taxes and making changes to pension programs. “We’re looking to get a year to a year-and-a-half of liquidity” from Tuesday’s bond sale, said David Chafey, chairman of the Government Development Bank for Puerto Rico, or GDB, the island’s financing arm.

Singapore Broker Exodus Seen Quickening (Bloomberg)
The number of stockbrokers in Singapore fell 8.4 percent percent to 3,973 at the end of last year from 4,336 in 2011, according to data from the bourse, as the industry was buffeted by declining trading volumes and commissions as well as competition from online trading platforms. The city’s benchmark Straits Times Index trailed all its major developed-market peers in the past 12 months and slid 1.8 percent this year.

Pope’s Popularity a Blessing for Media (WSJ)
As Pope Francis approaches the first anniversary of his election this week , his popularity is generating a boom for a media niche that rarely gathers much notice. “We are just working night and day to satisfy demand,” said Monsignor Dario Vigano, head of the Vatican’s broadcaster, Vatican Television Center, or CTV, which shadows the pope and supplies papal newscasts and images for both Catholic and lay broadcasters. Revenue at CTV leaped 40% in 2013, as broadcasters as far afield as Tanzania now want the recordings of the pope’s weekly audiences. The windfall has allowed CVT to splash out on more modern cameras and a new €1.8 million ($2.45 million) control room. Last week—on Ash Wednesday, the start of Lent — Mondadori SpA, the publishing house controlled by the family of media magnate-turned-politician Silvio Berlusconi, launched a new weekly dedicated to the pope. The magazine, Il Mio Papa, which will initially cost 50 euro cents a copy, will include a pullout centerfold with Francis quotes and will print three million copies for its first month of publication.

Justin Bieber believes deposition video was a ‘set up’ (NYP)
Justin Bieber believes he was set up in his videotaped deposition by lawyers who baited him with insulting questions and planned all along to leak the tape to humiliate him. The pop superstar was shown acting insolent and angry during the taped deposition in the California lawsuit over his bodyguard allegedly beating up photographer Jeffrey Binion. Just two days after the deposition, the tape was leaked to TMZ, and Bieber’s outraged team is demanding to know if a payment was made in exchange for the tape. A source exclusively tells Page Six: “The video was leaked so quickly that Justin’s legal team believes it was all a setup. The questions Justin was being asked, including questions about Usher, had nothing to do with the case…Bieber was seen behaving like a brat as he was being grilled in the bodyguard-beatdown case. He appeared to be disrespectful of Usher, the man who made him a superstar. When quizzed if he even knew Usher, Bieber was nonchalant: “Yeah, Usher. That [name] sounds familiar.” Then, asked directly if Usher discovered him and was “instrumental” to his career, Bieber took all the credit, with one slip-up: “I was found on YouTube. I think I was detrimental to my own career.” At another point, Bieber almost lost it when asked about off-again, on-again flame Selena Gomez. With a stone-cold, angry glare, he said, “Don’t ask me about her again.” Read more »