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On one of the points trump made, too much power concentrated in too much place, is that how you look at the marketplace for content distributed content over the immediate marketplace? >> look, the marketplace for content and distribution has never been more competitive. paul: give us some examples. >> for example, at&t direct tv has 25 million customers. netflix 10 million. amazon prime 9 million. both netflix, apple is now pouring $1 billion in original content because original content is a cash cow. paul: google is also getting in -- >> streaming product. paul: you have the cable markets big...

It's mindbogglingly. paul: dan, we go way back to antitrust policy, the at&t break-up and imbm case, this is stunning news to me. i'm really surprised at this. >> yeah, one of the interesting assets of this is that the last time the justice department brought antitrust suit against a vertical integration. paul: don't compete directly against one another. >> right. they lost that one. people like, indeed, justice robert, developed theory of antitrust, there has been in real theory develop today replace it. with the justice department sue thong base issue, you have to ask, what is the idea, what...

To sit down and negotiate, paul ryan, we want to negotiate, do you think they could have made accommodation? >> no question. a lot of ways to get growth, incentivize individuals, incentivize businesses to invest more. if schumer and the other democrats said protecting this is important to us, but we are willing to grow with you on growing the economy, they could have cut a great deal. it's so progressive, the top 100 filers generate more than 5% of jersey tax revenue. 100 people. [laughter] >> hedge fund guy david leaves in a few years ago, it's a big deal for state budget. one guy makes a lot...

On one of the points trump made, too much power concentrated in too much place, is that how you look at the marketplace for content distributed content over the immediate marketplace? >> look, the marketplace for content and distribution has never been more competitive. paul: give us some examples. >> for example, at&t direct tv has 25 million customers. netflix 10 million. amazon prime 9 million. both netflix, apple is now pouring $1 billion in original content because original content is a cash cow. paul: google is also getting in -- >> streaming product. paul: you have the cable markets big...

It's mindbogglingly. paul: dan, we go way back to antitrust policy, the at&t break-up and imbm case, this is stunning news to me. i'm really surprised at this. >> yeah, one of the interesting assets of this is that the last time the justice department brought antitrust suit against a vertical integration. paul: don't compete directly against one another. >> right. they lost that one. people like, indeed, justice robert, developed theory of antitrust, there has been in real theory develop today replace it. with the justice department sue thong base issue, you have to ask, what is the idea, what...