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Valued at a billion dollars. they give away millions on the weekend. i think a million dollars for the millionit. robert kraft of the new england patriots own a stake of it. nbc and comcast, they own pieces of this, right here where we all are sitting and working. cbs, espn has a contract to do the advertising. they blitz the airwaves. right now they re the number one the sector is the number one advertising sector in america. so a ton of money is involved here. sounds like it. and somebody nobody s realreal ly watching to see where the money s coming and going from or what the rules are or who s doing it. the new york times here, our business reporters can t trade in stocks that they cover. right. this apparently is not the case in daily fantasy. you can work there all day and then play at another site. joe, great reporting. have a good one, jose. ....
well it actually wasn t all that big a deal because the new york stock exchange listed securities were trading on other exchanges like nasdaq. so people could buy and sell those securities. it wasn t as if the new york stock market had disappeared. but for those who are alarmists by nature they re on the floor, they can t trade. they don t know what s happening. this computer glitch especially in the wake of united flights being grounded. there s got to be that sense of not panic but concern of what is happening here and what can we do. well i think the new york stock exchange handled it very badly. how is that? they should have had somebody out there even though they didn t know what was going on. they should have had somebody out there talking to people. instead, they were sending out polite little notes saying we re working on it. p.r. 101 is if you have bad news, you get ahead of the story. let s talk about this how much of this is so reliant on ....
they re on the run. in big trouble. more than $100 billion they have got tied up. they can t trade. the rial in free-fall. the economy is a mess. and the need to do something. they are really on the run. they ve got to work oh some five deal that gives them enough breathing room to kickstart the economy again if they don t do that, they are in real trouble. they re in approving stage right now, in a big way. we don t believe anything they say. they have always object if i skated, procrastinated, lied and so on. so they really have to prove to everybody that they mean business. and, of course, netanyahu is very critical of the whole deal. that s to be expected. you can t expect anymore. he s not the only one. so is saudi arabia. quite frankly, anybody in the region is very fearful of what might happen if the chokehold comes, and they properly should be. don t forget that iran has threatened to destroy israel and ....
Basically can t do business with anyone else. you can t trade. when you want to transfer money right now, you, karen, want to send some money to a foreign bank, you enter in a swift code or aba code. the recipient s bank account number. you send the money and pay a small transaction fee and it takes a day or two if it s overseas. you can t do that in iran. not if you re a business. not if you re an individual. you can t use credit cards. so it s very difficult to live. you have a situation with almost hyperinflation going on in iran right now. that s been for the last several years. israel thinks this is working. and the united states thought for a while, this is working. the question is, if iran is now coming to the table and saying, we want out. we are willing to take some steps to change the dynamics that maybe you should at least engage. but you have to go in with your eyes wide open. also very quickly, iran, this is also connected to what s happening in syria. because, i mean, i ....
Sides. this is a particular fight over obama care and the new information funded by the koch brothers and others. jason, political parties are no longer the main source for campaign cash that they once were and the reform of earmarks means leaders don t trade for votes the way they used to. so parties and congressional leaders actually have less control. i mean on one side campaign finance and earmark reform, maybe has it had unintended consequences of making leaders less relevant and, therefore, gridlock more likely? yeah, when they have to court super pacs that make or break congressional races now and they can t do that directly so they do that through their votes, then we have democracy by proxy. what we re what we re heading towards with the supreme court possibly lifting these limits is turning every congressman into newt gingrich who is such a ....