. >> carl sagan hosted the show.tory. >> it was written by carl sagan, and the new cosmos as well. and -- and i, i loved it. i was just engaged. start to finish. >> did you feel look you learned from it. the show was almost -- the opposite of a real housewives marathon the show? >> it is. it its. yeah, yeah. >> jimmy: when i watch it. i feel unfortunately i won't retain any of the information. but educational. a lot of fun. >> in the 40 minutes. you are the smartest guy in the room. >> jimmy: for an hour and a half after watching the show. >> if you can get a cocktail party going at your house before the show ends. you are set. >> jimmy: perfect. >> three seconds ago. >> jimmy: if we could only have artificial photo synthesis we wouldn't have any global warming. that's the sort of thing i learn from the show. yeah. president obama did the intro of the show for you. how the hell did that happen? >> i have no idea. we were just informed that he was, he was thinking about doing it. we are like great, fantastic. he knows

we value a -- we are dealing in measures of time that are so fractionally small, you feel like carl sagan trying to describe it. >> the issue with the report, actually, the report was very different from the whole idea of high frequency trading. it was just the title, the value of a millisecond that i think caught dan's eye and brought it to us. it was a very different concept. we are talking about in terms of value of the millisecond in the paper is traditional brokers, if they wind up being off a couple milliseconds, basically their executions turn lousy and their transaction cost analysis becomes negative and they wind up looking bad. so they wind up losing a lot of business. that's a different value of a millisecond than the value of a millisecond we are talking about with dan and within the book. that is really looking at all the different arbitrages that go on in the market really now electronically at fractions of a second between s&p futures and the cash between options and their underlying instruments, between etfs and their underlying stocks, and all of that happens in a fractio

documentary when he talks about the absence of evidence is not evidence of absence, interestingly quoting carl saganat in justifying there was life on other planets. was that a nons sequitur? >> obfuscation, whatever you want to call it. here's a guy who doesn't care about evidence. that's a very, very scary thought. >> secretary rumsfeld talks about the so-called torture memos of the bush administration in your film. let's play a clip of that. >> well, there were what, one, two, three. i don't know the number. but there were not all of these, they were mischaracterized as torture memos. they came not out of the bush administration, they came out of the new york department of justice. >> do you think this could trigger a reexamination of the iraq war? >> it would be my hope. i know a lot of people feel this was ten years ago, let's completely put this behind us. i feel otherwise. i feel that this was a disastrous episode in american history and that we should try to come to grips with it and better understand it. >> if that's your insennive for doing the film, what was donald rumsfeld's? did he know

the measures of time, it's almost like i feel like i'm carl sagan talking about the universe, becausebeing moved around, but the bottom line, the american public has to have confidence in the stock market to build business. that's what the stock market is supposed to be, designed to be. anything that removes that confidence, thomas, i believe is a dangerous thing. >> cnbc's brian sullivan, thanks. are we going to see any throw-downs today on cnbc? >> you know what? actually, there's a guy on my show at 2:00 that wrote a paper on the value of milliseconds. >> yeah. >> i'm looking forward to interviewing the guy, because i don't understand it either. it's like "animal house" where they're talking about the universe being the size of somebody's fingernail. yeah, my brain is on fire already. >> i love the movie. anyway, we'll see you today at 2:00. >>> up next, late-night laughs, "morning joe" your way next. you really love, what would you do?" ♪ [ woman ] i'd be a writer. [ man ] i'd be a baker. [ woman ] i wanna be a pie maker. [ man ] i wanna be a pilot. [ woman ] i'd be an architect.