is going to step in and do some regulation some day there gary gensler appears five blocks to go right to new regulation. oh you've made their own products so finally you did mention hollywood box office futures contracts is the other thing which is the political futures contracts and those are they're trying to trade those in the u.s. side until they actually get a are they allowed to know which is due to the. political futures betting they have two markets one for cash one is virtual dollars the virtual dollars are still referenced in the united states as and the charts and the price discovery as an indicator of so-called outcomes predictive outcomes and i know this story very well it's used by the science on the internet as some know outcome predicting mechanism yes yes and the price is predicting the outcome just like what high frequency trading is trying to manipulate the psychology of the market trying to trigger either buying or selling the same thing here in trade dot com how to swing the prediction markets and boost mitt romney's fortune. so after the last debates max between

including gary gensler. chet heick will also be joining us. on the lighter side of thing, we'll have a rock star among us this morning. yeah, we mean this literally. not just the rock stars we usually have. john popper of blues travelers will be joining us on set at 8:40 to talk about the business of music. but first, let's get over to joe. you have some breaking earnings news? >> i do. at about six numbers for dupont. i'll give you the one that is comparable to expectations. and that is 44 cents which is -- versus 46 cents for an estimate. but first the company said it posted a lot of a nickel from continuing operations. then it said it was 32 cents excluding items. and then it said the bottom line was actually a penny, but excludeing everything, it was 44 crept cents. still two cents below expectations on lower than expected sales. 7.4 billion versus 8.15 billion is what was expected. now, for the rest of the year which as we know for a lot of these is only one more quarter, the company saying 325 to 330. and that is below the $3.93 estimate

has his tentacles stretched through other areas of government gary gensler head of m.f. global regulator the commodities futures trading commission remember recused himself from the investigation because he worked at goldman with chorus line now fighting on behalf of m.f. global customers this entire time still fighting is james good to us who has a hedge fund is incidentally an attorney and he's also president and founder of the commodity customer coalition he joins us now to give us an update close to a year after m.f. global imploded and your world changed forever too yeah thanks for being on the show you're welcome thanks for having me yeah so james give us a little bit of an update in terms of how much money have u.s. customers received back from m.f. global how much have you k. customers received. while customers who invested with m.f. global to then trade on u.s. futures exchanges have received eighty percent back which is great those who invested through the u.s. end of the book to trade on foreign futures exchanges have only received five percent back five perce