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>> joining me now to discuss a former policy foreign adviser and former ambassador to the united nations. thank you for your time. you heard from john kerry there. talking about the prime minister, it's been described to me in his speech as a warmup act. he's going in to speak to congress. there's been a lot of tension even if the prime minister keeps saying that my speech is not intended to show any disrespect to president obama. i know that they say they deeply regret it. they want to departisan the issue. is the damage done, mr. ambassador? >> i've been in this business for a long time. i c...

Idea, but it's embarrassing. >> wait a minute, let me bring in gordon chang here, too, actually, let me go to laurie seagall, first, because i want to talk about the financial investment. we're not only talking about a movie, we're talking about a lot of money, millions and millions of dollars that was spent. on the fact of sony here the fact that they two release for free online which some have mentioned is a way to get back. does that make sense for them? >> at this point they've lost so much money from all the damage done, you could say could netflix, could amazon, sony bought a company cal...

In terms of damage done, whether or not the tornado is expected back through the same storm system in the general area? >> no, we haven't. they are warning people to shelter in place. it's described, as you heard, a tornado emergency. it doesn't get any worse than that. so right now it is getting people underground because that's the safest place to be. as far as analyzing any kind of damage that may have been done or how long the storm is going to stay on the ground or how wide it is, it's still going to be a few minutes before we begin to hear that reading. >> we also heard about a debris fi...

Its investors. >>, and of course, this money doesn't do anything for the people affected by the jpmorgan mortgage practices, does it? >> well, some of it will. some of it is supposed to provide some remediation. that's why it will be tax deductible, but compared to the damage done, damages like this, penalties down here. el. >> well, we did lose $24 billion on the shutdown. so i don't know who is doing the math on this deal. i don't know how the -- would the justice department -- they're the ones that came up with the number? this is a negotiated number. it is unprecedented. but what does it m...

Analysts say what would happen you would see these affects felt sooner rather than later. the latest warning is from the ims research director. listen to this. >> the effects of any failure to repay the debt would be felt right away leading to potentially major disruptions in financial markets. both in the united states and aboeed. >> now we don't know for sure or what is going to happen because the fact of the matter is the u.s. has never defaulted ever before and analysts expect the global economies would take a hit and you would see stock markets around the globe fall. the value of the doll...