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And the -- -- -- -- go cart -- Roger I drop dobbs defense attorney that was him drop and a couple of bombs this morning outside the courthouse in New York -- because he was angered the reporters on the data that is way of -- I'm going to.
And to court -- its clients on trial for insider trading easy does it.
This fate in the hands of the jury later today Charlie to screen telling -- that every morning but it doesn't work especially starting here Don Imus talk about the -- -- -- everybody that it doesn't got dropped an -- I'll probably had somewhere Charlie desperate us here with some exclusive details of what's gone on what the prosecution.
I mean bad as we've reported last week sources -- -- the fox does network that you know.
There they did defense says it's very conference telling people.
It's very confident their -- gonna get -- hung -- we went back -- we talked to our sources and -- into about what the prosecution believes.
And as expected they're saying the same thing but here's the sort of -- -- that the prosecutors are confident they're gonna get it a bit of guilty verdict in this insider trading case as you know they can't lots of wiretaps and other really sort of I would say strong there's strong evidence that Roger committed what's known as insider trading trading -- -- -- nonpublic information but I will say this.
And here's the one little bit of doubt and hear coming from people close to the prosecution.
That they are concerned if the jury starts deliberating on this thing past mid week if this thing goes into Thursday or Friday.
What people tell it's close to a prosecution.
Is that's when the prosecution thinks that there is a better than even shot that they can get -- hung jury so here's -- thing they are hoping.
Four -- real quick settlement to write real quick -- it makes sense that means the evidence is a warm.
But this thing drags on into the week but somebody's got a problem with that somebody's holding out and well then they think they think this could be on your announcers and there's a hung jury on this.
This opens up huge sort of ramifications for the prosecution do they waste another tens of millions of dollars.
-- prosecute has -- you would think they would have to because they have so much best.
Right there really are now the other big story you've been covering of course is this drama over the future of the New York Stock Exchange -- -- more on that well I got it got it gotten more bizarre last night as the fox -- network was reporting last night that Chuck Schumer is now -- in this US senator from New York.
And what he's worried about is job losses what how will they be major -- -- if the NASDAQ is successful.
In -- -- and the New York Stock Exchange deal with the Deutsche Boerse which is a pretty.
Which is a merger a -- -- fits together real perfectly not going to be major job losses.
If that doesn't go through NASDAQ buys the -- in New York Stock Exchange well then -- have a lot of overlap in the B job cuts.
What they're talking about to New York Stock Exchange is telling Schumer -- on the fox -- network.
Is that there's about a thousand jobs it would have to be lost -- that that's right New -- that's what you -- -- but I.
Pose this question to Bob Randy who's been through the head to head of PRD New York Stock Exchange.
Why should job losses even matter in this well they say it's in their charter.
That's what they're saying they're seeing it in the New York Stock Exchange chartered they have to take -- accounting corporate financing decisions job losses I wanna make two points to people here.
I'm not saying that I'm I'm for people losing their job is on it.
But if you're a manager of a business Duncan Niederauer Vista were indeed the PR guy works about commuter CEO the -- -- change.
Your -- your responsibility is not is to the shareholders.
It's to maximize shareholder value not to maintain jobs that's number one so when I asked when -- about that he said it's in their charter and I found that so bizarre.
That they cared about job losses now.
-- five years ago when they were going for electronic exchange didn't care about all those traders that we -- -- -- it I'm really does seem like to talk out of both sides and about we're gonna keep reporting this I'm gonna probably right about this today -- this is I think any interest in store because it's where capitalism.
It you know with -- it's a basic tenant of the markets that debt to produce your responsibility is to shareholder the New York Stock Exchange is basically.
Thrown a monkey wrench into that at least that's what they they seem to be saying to publicly traded company after a Charlie -- good to see -- and on two big stories Charlie Gasparino they are now.
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