. >> jeffrey katzenberg. >> stop for a second -- jeffrey katzenberg's name has popped up all the timehe is not a political guy. >> he is a rich donor. >> he starts your fundraising -- >> she and her father met with katzenberg. he works for dreamworks. he is the founder of that. a very wealthy movie mogul worth hundreds of millions of dollars. there was talk that katzenberg was going to release $20 million to counter any republicans. they met with katzenberg before she became a candidate. she wasn't a candidate and they had to have a discussion. katzenberg and the folks who wanted to shake mcconnell -- liberal democrats hate mitch mcconnell, no question, they were going to get him. >> grimes was very -- these outside groups would get her money. before she got in there was a very aggressive push by both her father -- to line up fundraisers and make sure the majority pack would not leave her hanging, they wanted to make that clear. it shows just how cautious of a candidate she was. super cautious on the campaign trail and before. she did not want to take the risk if there was a chance th

them money to further your political agenda isn't just a koch thing bloomberg soros and jeffrey katzenberg have pumped millions into their various causes. an when this funnel is funneled through a 501 c 4 none of this money has to be be-- it's called-- keeping-- the white privilege that everything bad is dark. that reminded me-- (laughter) >> gas up the saub lake champlain, here we did! relax there is no ice privilege convention. let me see if i can explain how this works this dark money thing. let's say that are you worth a tra gallon-- trazillion dollars and you mate the moon. and all its gravity crap and controlling and blah blah blah, you're against that right. okay first you need someone to be the face of your anti-moon movement. so pick somebody everybody loves but everybody also respects. exhibit a or xzibit, very good good choice. so now nice recognition there. very good. now you got to pimp out a campaign buzz okay. all right? very nice, start lining the right pockets with the dark money. next thing you know bam senator xzibit is blowing up the moon! is that mean xzibit blow it up

ceo jeffrey katzenberg made the decision after the box office disappointment of turbo. mr.west grossing of the madagascar are series. dream work employees -- 16% of dreamworks employees could lose their jobs. after winning a golden globe for its tv series "transparent cohen netflix plans to start production in hollywood. films will be available on amazon video streaming service for-eight weeks later. netflix is also going into movies. iron ore production increased in rio tinto. stockpiles are growing as demand flows in china. iron ore prices down more than 40% from last year. those are the top corporate headlines this hour. i am yvonne man. >> according to a new survey, the average price in hong kong of a house is 17 times the median income. sydney is not quite in the same league, but it has the third most -- least affordable housing of the world. >> that is right. just behind vancouver. hong kong is out in front, but the affordability ratio in sydney is 9.8% -- 9.8 times income. there are a few reasons. this is a nice place to live. the cash rate is low, you can get a good

i mean, you look at jeffrey katzenberg's track record. it's ho years of making successful films.hey've taken their eye off the ball. the creative side as they've tried to push into some of these diversification efforts. everything that we heard from management last night was that they are refocussing back on that theatrical, and that's going to be the driver for some of these diversification efforts. whether it's television, consumer products, or some of the other initiatives they are pushing forward. >> are you so convinced, james, you've actually upped the price target as well, haven't you? >> we raised our price target to $26 this morning. we feel very comfortable with the name. like i said, it's a consensus short right now. you've got twice as many sell ratings as buy ratings. it's extremely rare in my coverage universe. it's rare to see sells. >> real quickly, listen, if people are saying sell the stock, it will go down maybe like today it's down, is there a take-out floor? we saw pixar get bought by disney. is there a chance that anybody comes and buys dreamworks, to put so

"the post," supposedly you and katzenberg were talking about -- someone overheard you and katzenberg.'s why he has the tan. >> he always has a good tan. he's like boehner. >> hardly. >> i saw the kiss of pelosi. it was quick but it looked like he was grabbing her. >> was the post right? >> we had breakfast. we talked about a lot of different things. and we ended up talking about hillary and whether she would run and if she ran would we get involved in it and the answer is yes. but we're all waiting to see what she does. >> you think there's a chance he doesn't run? >> my own personal opinion is i hope she runs. and i think she will. i think she'll make a decision in the next three or four months. >> would you always vote as a democrat over other candidates over hillary clinton? or would you be a jeb bush candidate otherwise? >> i think jeb bush is an interesting candidate. but at the end of the day, i think hillary is the far better candidate. to me it's not i'm going to vote democrat or republican. i'm going to vote on who i think is the best person. >> we talked about this a lot. wi

jeffrey katzenberg has been actively seeking a buyer for the studio. it's the most expensive home sale ever in new york city. $100 million. that's when an unknown buyer paid for the duplex penthouse on the 89th and 90th floors of the tower in manhattan. it is roughly 11,000 square feet and it has some amazing views. >> i know you have worked here for long time. i did not know. >> thank you very much. >> you can't take the man out of new jersey. more on the organ stanley mess. allison williams covers the banks. it looks like everybody's feeling the freeze in the slowdown of fixed income. what stands out for you? >> it was worse than expectations. if you adjust for some one-time items, they are down 14%. that's better than the aggregate piers. it's a little bit better. the equity business is much more important. a little bit of underperformance if you look at the year-over-year growth. it's tough and make judgments based on one quarter and year-over-year. does one have a tough comparison or an easy comparison to bark it's important to look over the long-