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>> there's certainly people who that i can that approach and they tend to be the putins and erdogans of the world. our alliance do know exactly what is going on in this situation. we saw with markle. what we do end up seeing in these situations is the bluster is fold up by things that provoke our alliance and provoke the bad guys at the same time. so we're risking nuclear war fair with north korea and threatening trade war with our five largest trading patterns? how is this going to benefit the u.s. public? that's the part we end up missing as we look at the international stage. >> i can't hel...

Declining to comment. >> they're going to look at trading patterns, but at the end of the day, all that matters is what they can prove in court and that's where all of this is likely going to hit a snag. carl icahn, phil mickelson, icahn, one of the most powerful, vicious people. he is known to be ruthless, attack dog, even activist investor. >> they're going to look at trading patterns and activity and the investigation comes at a time when the government is increasingly focusing on insider trading. there have been 85 convictions out of 90 people charged by the new york prosecutor's office on...

I wish i could fully discuss this matter, but under the current circumstances it's just not possible." now, icahn is denying there is an investigation at all. walters is declining to comment. the high-profile investigation is significant considering the government's recent successful track record against insider trading, convicting 85 out of 90 people over the last five years. >> they're going to look at trading patterns, look at trading activities. at the ends of the day, all that matters is what they can prove in court and that's where this all is likely going to hit a snag. you're talking a...

For me. >> the biggest challenge in cases like this is they're built almost entirely on circumstantial evidence. we heard they're investigating well-timed trades. trading patterns. that investigation needs to take place behind the scenes necessarily. in cases like this -- >> i got to stop you there. i need you to tell me how this stuff takes place behind the scenes and that's what makes it so hard to dig to the bottom of it. that will do it for me. join eric shaun and me for one more hour of news coming up at 6:00 o'clock eastern. right now, don't go anywhere 'cause those rascals on "the five"...

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