oliver: in the markets and finance section, john paulson seeing a huge payoff. carol: i spoke to reporter joe light. >> he is famous for a big short he made before the financial crisis. subprime mortgage loans. billions of dollars. and he's moving on to other issues. carol: fannie mae and freddie mac. he's also had some interest in for a good reason. joe: that's right. at fannie mae and freddie mac are at the center of the u.s. mortgage market. there are a couple companies taken over by the government in 2008. and eventually received $188 billion in taxpayer bailout money. the curiosity is that even though the government took over the company's, they left a lot of fannie and freddie, and shares. at the time, they seemed worthless. as the mortgage market started to turn, certain investors, paulson among them, though we don't know when he bought his shares, they started to see the value there. >> he is making money on it? >> the share prices have risen a great deal since the drop of the crisis. fannie and freddie's bailout. all the profits to the u.s. government.

oliver: in the markets and inance section, john paulson seeing a huge payoff. that nks to his bet donald trump could win the election. carol: i spoke to reporter joe light. >> he is famous for a big short he made before the financial crisis. subprime mortgage loans. made him famous. made his funds billions of dollars. and he's moving on to other issues. carol: fannie mae and freddie mac. he's also had some interest in for a good reason. joe: that's right. at fannie mae and freddie mac are at the center of the u.s. mortgage market. there are a couple companies taken over by the government in 2008. and eventually received $188 billion in taxpayer bailout money. the curiosity is that even though the government took over the companies, they left a lot freddiecommon shares. at the time, they seemed worthless. as the mortgage market started o turn, certain investors, paulson among them, though we don't know when he bought his shares, they started to see the value there. and scooped the shares back up. >> he is making money on it? correct? >> that's right. at least th

oliver: in the markets and finance section, john paulson seeing a huge payoff. thanks to his bet that donald trump could win the election. carol: i spoke to reporter joe light. >> he is famous for a big short he made before the financial crisis. subprime mortgage loans. billions of dollars. and he's moving on to other issues. carol: fannie mae and freddie mac. he's also had some interest in for a good reason. joe: that's right. at fannie mae and freddie mac are at the center of the u.s. mortgage market. there are a couple companies taken over by the government in 2008. and eventually received $188 billion in taxpayer bailout money. the curiosity is that even though the government took over the company's, they left a lot of fannie and freddie, and -- common and preferred shares outstanding. at the time, they seemed worthless. the government has been taking all of their profits since the crisis. as the mortgage market started to turn, certain investors, paulson among them, though we don't know when he bought his shares, they started to see the value there. carol:

john paulson made a bet on donald trump. he was out there early, backing donald trump. so it is curious to see what kind of leverage he will have in making donald trump or his administration more favorable about freddie mac and fannie mae and whether those profits will ultimately go back to shareholders. in the meantime, john paulson has been spending money lobbying or supporting donald trump and his affiliated campaigns, if you will. joe: that's right. so, paulson became involved in the trump campaign early on when it seemed like trump didn't have a chance of winning the presidency. he helped to host, or he has given more than $300,000 to not only trump, but also to the republican national committee and different republican organizations, but even before becoming involved in the trump campaign, paulson and company have been spending hundreds of thousands of dollars on lobbyists, basically trying to get in the halls of congress, get in the ear of lawmakers who have influence on proposed reforms to freddie mac and fannie mae, and to try to convince some of those guys to

oliver: in the markets and finance section, john paulson seeing a huge payoff. carol: i spoke to reporter joe light. a big shortous for he made before the financial crisis. subprime mortgage loans. dollars.of and he's moving on to other issues. carol: fannie mae and freddie mac. he's also had some interest in for a good reason. that's right. at fannie mae and freddie mac are at the center of the u.s. mortgage market. there are a couple companies taken over by the government in 2008. and eventually received $188 billion in taxpayer bailout .oney the curiosity is that even though the government took over the company's, they left a lot of fannie and freddie, and shares. at the time, they seemed worthless. as the mortgage market started investors,rtain paulson among them, though we don't know when he bought his shares, they started to see the value there. >> he is making money on it? >> the share prices have risen a great deal since the drop of the crisis. fannie and freddie's bailout. all the profits to the u.s. government. all the profits to the u.s. government. t

john paulson has been making big bets on these. seeing both agencies their shares more than double in value since the election. anald trump has not given specific plan coming to this but investors are betting that he will potentially make it so that their profits go back to shareholders and not just to the treasury. this is something we are keeping a close eye on, certainly something john paulson is benefiting from. there is a bloomberg news story today that take a look at how john paulson over the years has been putting money into lobbying the government over a change in policy directly and indirectly so that the company and shareholders can benefit from the return and profitability to their bottom line. joe: during this limbo state where they are still public retreated but they get paid back. the courts ruled that the shareholders could get the money, the shares can be worth a lot more. scarlet: right now it is a paper game. metals, mining, emerging markets usually move together. but there is a day virgins. jpmorgan flag -- there

mark: john paulson went long when wall street went short. how his contrary that is beginning to pay off. this is bloomberg. ♪ david: john paulson has spent years lobbying for fannie mae and freddie mac. shares of the mortgage giants have spiked more than 80%. is joe light from washington. give us a sense of what john paulson has been up to, how he has been lobbying. companies ate two the center of the u.s. mortgage market and there taken over by the government in 2008. after the government took them they left many shares of fannie and freddie outstanding. hedge fund managers like john theson recognized, as crisis was turning, that fannie and freddie may be seeing more profits than they had before and started snatching up shares. now managers like john paulson are basically agitating for some of fannie and freddie's profits, which are all going to the u.s. government to be sent to shareholders instead. so paulson has been hiring lobbyists to try to get into the gears of lawmakers to try to change the policy sending all the profits to the tr

erik: you have john paulson and carl icahn, share with me some sense of your last conversation with those two people. >> i think that we have made a decision to involve them in meeting as many of management as possible, to understand the detailed operation of the company. there's a great deal of alignment on the strategic direction we are taking. and even the pace at which we are executing it. we are very pleased with the degree of alignment. erik: have you talked to them about today's earnings? >> not yet. ♪ ♪ juliette: you are watching "bloomberg best," i'm juliette saly. we are now more than halfway through earnings season, and this week's all reports from a number of prominent companies. we start with facebook. >> facebook shares dropping in after hours, the company reporting third-quarter revenue just over $7 billion, up more than 50% from the same quarter last year, and profit up more than 160% year-over-year. the sixth straight quarterly revenue beat for facebook, which has increased sales more than 50% over the last four quarters. it doesn't seem to be enough to impress invest

erik: you have john paulson and carl icahn, share with me some sense of your last conversation with those two people. >> i think that we have made a decision to involve them in meeting as many of management as possible, to understand the detailed operation of the company. there's a great deal of alignment on the strategic direction we are taking. and even the pace at which we are executing it. we are very pleased with the degree of alignment. erik: have you talked to them about today's earnings? >> not yet. ♪ juliette: you are watching "bloomberg best," i'm juliette saly. we are now more than halfway through earnings season, and this week's all reports from a number of prominent companies. we start with facebook. >> facebook shares dropping in after hours, the company reporting third-quarter revenue just over $7 billion, up more than 50% from the same quarter last year, and profit up more than 160% year-over-year. the sixth straight quarterly revenue beat for facebook, which has increased sales more than 50% over the last four quarters. it doesn't seem to be enough to impress investors

john paulson became famous in the financial industry from becoming a multibillionaire and betting against subprimes. so it's why people have been so you be set, the financial industry bailed out, not one person went to jail. they have only risen through this. they say we're going to put this person as secretary treasury. wall street itself is amazed. >> bringing corporations back is the first priority for this post. take a listen to this, though. >> our number one priority is tax reform. this will be the largest tax change since reagan. we've talked about this during the campaign. wilbur and i have worked very closely together on the campaign. we're going to cut corporate taxes which will bring huge amounts of jobs back to the united states. >> what do you think you'll get to on that? >> 15%. and we'll bring a lot of cash back into the u.s. >> the carrier deal announced, keeping a thousand jobs going from mexico, but on a meta level, are they really going to fulfill the promise of keeping taxes, cutting taxes for the lower class, making the rich pay more or is it going to be more of the s

have john paulson and carl icahn, share with me some sense of your last conversation with those two people. >> i think that we have made a decision to involve them in meeting as many of management as possible, to understand the detailed operation of the company. there's a great deal of alignment on the strategic direction we are taking. and even the pace at which we are executing it. we are very pleased with the degree of alignment. erik: have you talked to them about today's earnings? >> not yet. ♪ juliette: you are watching "bloomberg best," i'm juliette saly. we are now more than halfway through earnings season, and this week's all reports from a number of prominent companies. we start with facebook. >> facebook shares dropping in after hours, the company reporting third-quarter revenue just over $7 billion, up more than 50% from the same quarter last year, and profit up more than 160% year-over-year. the sixth straight quarterly revenue beat for facebook, which has increased sales more than 50% over the last four quarters. it doesn't seem to be enough to impress investors as the stoc

steven mnuchin bought it with john paulson, the hedge fund manager. he thought it would george soros. and he rebranded, so you just mentioned one west is what it is called now. and i i think it was profitable within a few months. the fdic guarantee that after certain point they would have-- not have to eat up any losses. to be fair to steven mnuchin, in the same way you kind of have to admire the fact that he made his bed on donald trump whenever also assumed he was going to lose, you have to admire the bet he made on his banker he bought this bank at the bottom. things were terrible. he had a good instinct. on the other hand, he sold it to cit, for more than $3 billion. and there are nonprofits that say that one west really stands out for awful foreclosure practices. there is a group that accused him of foreclosing on something like 36,000 homes. somewhere, pretty sure it is more than 30,000. to basicallyose not going to neighborhoods that are predominately black and latino. but he willies that be facing some serious questions over the neck couple we

erik: you have john paulson and carl icahn, share with me some sense of your last conversation with those two people. >> i think that we have made a decision to involve them in meeting as many of management as possible, to understand the detailed operation of the company. there's a great deal of alignment on the strategic direction we are taking. and even the pace at which we are executing it. we are very pleased with the degree of alignment. erik: have you talked to them about today's earnings? >> not yet. ? juliette: you are watching "bloomberg best," i'm juliette saly. we are now more than halfway through earnings season, and this week's all reports from a number of prominent companies. we start with facebook. >> facebook shares dropping in after hours, the company reporting third-quarter revenue just over $7 billion, up more than 50% from the same quarter last year, and profit up more than 160% year-over-year. the sixth straight quarterly revenue beat for facebook, which has increased sales more than 50% over the last four quarters. it doesn't seem to be enough to impress investors as

. >> john paulson's firm held a stake in the spider gold trust exchange. paulson has been long known as a gold bull. by the end of the third quarter the value of the firm's position fell by nearly $4 million. >> david einhorn green light capital cut its position in the biggest holdings during the quarter. this included apple and general motors. einhorn's firm disclosing a stake in u.s. steel. the position was worth around $58 million. >>> let's get back to the broader markets. joining us is our strategist, art hogan. thanks for joining us. we hit all time highs on the dow yesterday but the move was smaller than we've seen in recent days. it is right we pause for brett for these new highs. it's been a resounding rally. >> it's a rally that's been characterized by a couple of things not the least of which is repositions. you have a lot of people, portfolios positioned for a hillary clinton candidacy and i think that set people up in a position where they needed to exit some trades that were popular. short financials, short health care stocks, defensive plays

steve mnuchin bought with it john paulson. he bought with it george soros and he rebranded it. one west is what it is called now. and i think it was profitable within a few months. the fdic guaranteed after a certain rt point, they wouldn't to have eat up any of the losses. so they got a great deal on it. to be fair to steve mnuchin, you have to admire that he believed in trump when everyone else assumed he would lose. he bought this bank just at the bottom. things were terrible. so he had a good instinct. on the other hand, he sold to it cit. and there are nonprofit that's say that one west really stands out for sort of awful foreclosure practices. there is a group that accused them of foreclosing on something like 36,000 homes. i'm pretty sure it is more than 30,000. and more importantly, they accused them of not going into neighborhood that's are predominantly black and latino. they deny it. but he will be facing some pretty super just questions over the next few weeks. >> all right. thanks very much. appreciate it. we'll be right back. nominations and mike pence' trip to wa

one of the voices said to be against such a deal was john paulson, whose firm is valeat's second largest shareholder. mr. paulson was said to argue that a deal would not only be dilutive to shareholders and that it could hurt valeant's future growth prospects. one reason they may have come back as well is that the fact that the yen has weakened substantially around 9% since the election. i'm also told that the deal now is all but dead. the market doesn't like the news. if you are an investor in valeant, i don't know if anyone on the desk had taken a stab at the stock, if it seems to be attractive knowing you are trying to sell assets -- >> this is the most sellable. >> here's the problem. >> this is the most sellable asset they. >> i don't know if that's -- they don't want to sell that. >> they say that's like the new core asset. this is like the one that's most separatable, right, from that standpoint. makes it really, really tough to say, all right, there's going to be another asset sale next week, next month, and you really have to have asset sales here at the end of the day. >> they

john paulson, a donald trump advisor and supporter has a big that. better offey privatized and what would that mean for the overall economy? managing partner at graham fisher and head of research at the bonn agency weighed in earlier today on bloomberg tv. >> i heard a very different turn. fannie and freddie and government ownership since 2008. we have seen somewhat radical, ideologically driven proposals put forward in washington for the past eight years. none of them have focused on protecting the taxpayer. the government is still control leavinge way they do, the taxpayer fully exposed especially because they have no -- i heard that someone who actually lived on the desk and has a greater understanding for under a president who is a believer in making things happen and deals and not living the perfect being the enemy of the good, saying, it is time to let go of ideology and move toward time at his appeared a deal to be done for the benefit of the taxpayer, let's get it done. think the deal is, obviously, we do not know what it is. it is either one

zachary: john paulson bought about one quarter of it and put up 400 million and got back to some dividends and made another 700 million when he sold it, good deal. vonnie: there is a theme surrounding people who surround the president-elect. they invest in distressed companies and countries, a vulture, can you fault them? zachary: at one point, trump was a distressed asset. when they signed on, it was unclear whether the republican party would rally against him. polls showed him far behind hillary clinton and made a long shot that and it paid handsomely. david: we are watching the footage added new jersey, a parade of people being brought to donald trump skoff golf course, including many in the running for that treasury position. have things change with regard to the shore bed of becoming treasury secretary and the competing or is it a done deal? a such thing as a done deal. nobody can predict with donald trump will do. managing has been perceived as having an inside track since before the election -- mn asin has been perceived having an inside track since before the election, but wilbur r

john paulson who you wrote a book about, you could smell the performance from here at this point. he's had awful performance. >> yeah, it's been awful performance. i give him some credit because he has conviction. a lot of managers hug indexes and take management fees but you couldn't do worse than he has done lately and raises the questions that managers do outpick the market. pharmaceutical stocks. dagen: and hillary. donald trump might get rebound, the sector, you want to be long if donald is going to win. maria: you want to avoid those stocks? the idea that she's going to implement caps on drug prices sends the groups sharply? >> exactly true. you could argue about the price in, if you look at biotech, mylan, they are down so much. a lot of that is people are assuming that hillary wins and maybe that's priced in and could argue. anthony: some of the smartest investors in the world are using hedge funds. what's the argument against hedge funds? >> it's hard to be a pretty efficient market. you don't want high fees in allow-growth environment. that's a real head wind. you want t

john paulson held its stake in the spider trust. paulson has been long known as a gold bull. by the end of third quarter the value of the firm's position fell by $4 million. david einhorn green light capital cut its positions in its biggest holdings. this included apple and general motors. apple is still green light's biggest position. >>> coming up president-elect trump has promised to take a tough line on china. we'll talk about that changing position with stephen orlins. here's a look at yesterday's s&p 500 winners and losers. mary buys a little lamb. one of millions of orders on this company's servers. accessible by thousands of suppliers and employees globally. but with cyber threats on the rise, mary's data could be under attack. with the help of at&t, and security that senses and mitigates cyber threats, their critical data is safer than ever. giving them the agility to be open & secure. because no one knows & like at&t. what's going on here? i'm val, the orange money retirement squirrel from voya. we're putting away acorns. you know, to show the importance of saving f

again, i was there with jim baker in the reagan years, john snow and hank paulson in the bush 43 years. it is a tough job. good news is treasury has the best ratio of responsibility to bureaucracy. it's a relatively small agency, a highly capable career service and so it's easier to hit the ground running at treasury than anywhere else. on trade, i think the president-elect has put down an excellent marker. let's judge trade agreements bilateral or multi lateral about whether they produce good american jobs. i would say that on tpp, i don't know a lot of the details. but i know one of the reasons china is not part of tpp is that the transpacific partnership has restrictions on state-owned enterprises. the chinese don't want those restrictions. i think we need to look very carefully at the role of these behemoth state funded enterprises, if not in tpp then they're forum. the transatlantic trade investment partnership has that key word "investment" in it and investment in the u.s. produces good american jobs. i think the president has the right measure for judging these trade agreements.

sara paulson, cuba gooding jr. and john travolta. but until it was actually out there for public consumption, we had no idea. >> see how good an actor you are. take you back to the moment of opening the envelope. and the emmy goes to -- sterling k. brown. >> i think i almost fainted. i almost passed out. >> what part of you said i have a goo to win this? >> there is a lot of people telling me that. so the more people told you -- the more people said it, i was like, all right, let's hold off here for a second. because i was the least known commodity out of everybody out there. my cast mates were excellent. there are other people in fargo. hugh laurie who's never won. i said i'm just going to celebrate whoever wins. if it happens to be me, i'll celebrate. and it happened to be me. and it was surreal. on that stage and people stood up and were applauding like they really appreciated the work. i was humbled. >> you going to be part of the second season of "american crime story"? >> possibly. i haven't dotted the is or crossed the ts but

sara paulson, cuba gooding jr. and john travolta. but until it was actually out there for public consumption, we had no idea. >> see how good an actor you are. take you back to the moment of opening the envelope. and the emmy goes to -- sterling k. brown. >> i think i almost fainted. i almost passed out. >> what part of you said i have a good shot, i think i am going to win this? >> there is a l telling me that. so the more people told you -- the more people said it, i was like, all right, let's hold off here for a second. because i was the least known commodity out of everybody out there. my cast mates were excellent. there are other people in fargo. hugh laurie who's never won. i said i'm just going to celebrate whoever wins. if it happens to be me, i'll celebrate. and it happened to be me. and it was surreal. i got a chance to uk with a up on that stage and people stood really appreciated the work. i was humbled. >> you going to be part of the second season of "american crime story"? >> possibly. i haven't dotted the is or crossed

sara paulson, cuba gooding jr. and john travolta. but until it was actually out there for public consumption, we had no idea. >> see how good an actor you are. take you back to the moment of opening the envelope. and the emmy goes to -- sterling k. brown. >> i think i almost fainted. i almost passed out. >> what part of you said i have a good shot, i think i am going to win telling me that. so the more people told you -- the more people said it, i was like, all right, let's hold off here for a second. because i was the least known commodity out of everybody out there. my cast mates were excellent. there are other people in fargo. hugh laurie who's never won. i said i'm just going to celebrate whoever wins. if it happens to be me, i'll celebrate. and it happened to be me. and it was surreal. i got a chance to uk with a up really appreciated the work. i was humbled. >> you going to be part of the second season of "american crime story"? >> possibly. i haven't dotted the is or crossed the ts but i have expressed interest. hopefully it w

sara paulson, cuba gooding jr. and john travolta. but until it was actually out there for public consumption, we had no idea. >> see how good an actor you are. take you back to the moment of opening the envelope. and the emmy goes to -- sterling k. brown. >> i think i almost fainted. i almost passed out. >> what part of you said i have a good shot, i think i am going to win >> there is a lot of people telling me that. so the more people told you -- the more people said it, i was like, all right, let's hold off here for a second. because i was the least known commodity out of everybody out there. my cast mates were excellent. there are other people in fargo. hugh laurie who's never won. i said i'm just going to celebrate whoever wins. if it happens to be me, i'll celebrate. and it happened to be me. and it was surreal. i got a chance to uk with a up really appreciated the work. i was humbled. >> you going to be part of the second season of "american crime story"? >> possibly. i haven't dotted the is or crossed the ts but i have expres

sara paulson, cuba gooding jr. and john travolta. but until it was actually out there for public consumption, we had no idea. >> see how good an actor you are. take you back to the moment of opening the envelope. and the emmy goes to -- sterling k. brown. >> i think i almost fainted. i almost passed out. >> what part of you said i have a good shot, i think i am going to win this? >> there is a lot of peo so the more people told you -- the more people said it, i was like, all right, let's hold off here for a second. because i was the least known commodity out of everybody out there. my cast mates were excellent. there are other people in fargo. hugh laurie who's never won. i said i'm just going to celebrate whoever wins. if it happens to be me, i'll celebrate. and it happened to be me. and it was surreal. i got a chance to uk with a up on that stage and people stood really appreciated the work. i was humbled. >> you going to be part of the second season of "american crime story"? >> possibly. i haven't dotted the is or crossed the ts

sara paulson, cuba gooding jr. and john travolta. but until it was actually out there for public consumption, we had no idea. >> see how good an actor you are. take you back to the moment of opening the envelope. and the emmy goes to -- sterling k. brown. >> i think i almost fainted. i almost passed out. >> what part of you said i have a good shot, i think i am going to win this? >> there is a lot of people ll the more people said it, i was like, all right, let's hold off here for a second. because i was the least known commodity out of everybody out there. my cast mates were excellent. there are other people in fargo. hugh laurie who's never won. i said i'm just going to celebrate whoever wins. if it happens to be me, i'll celebrate. and it happened to be me. and it was surreal. i got a chance to uk with a up on that stage and people stood really appreciated the work. i was humbled. >> you going to be part of the second season of "american crime story"? >> possibly. i haven't dotted the is or crossed the ts but i have expressed inte

sara paulson, cuba gooding jr. and john travolta. but until it was actually out there for public consumption, we had no idea. >> see how good an actor you are. take you back to the moment of opening the envelope. and the emmy goes to -- sterling k. brown. >> i think i almost fainted. i almost passed out. >> what part of you said i have a good shot, i think i am going to win this? >> there is a lot of people telling me that. the more people said it, i was like, all right, let's hold off here for a second. because i was the least known commodity out of everybody out there. my cast mates were excellent. there are other people in fargo. hugh laurie who's never won. i said i'm just going to celebrate whoever wins. if it happens to be me, i'll celebrate. and it happened to be me. and it was surreal. i got a chance to uk with a up on that stage and people stood i was humbled. >> you going to be part of the second season of "american crime story"? >> possibly. i haven't dotted the is or crossed the ts but i have expressed interest. hopefully

mix as well as richard armitage and henry paulson. >> similar to our reporting both on the infighting and on may of the senior positions. matt viser. one of the most signature positions of the campaign, donald trump, was draining the swamp. still a phrase we're hearing since the election. many of the names that are coming up for the senior positions are not exactly outsiders or new comers. >> you look at the lobbying activity going on too. the swamp is being filled in washington in many ways. i think that people may be disappointed, but you look at trump and how he has made his past decisions. anden in and none of it should be a surprise. the way he ran his campaign was often a campaign in turmoil. different people. lots of infighting. people being shoved out, coming back in. i think that it shouldn't be a surprise now the way this transition is being run. but i do think that some of the names -- you look at his vice presidential pick, going with mike pence. a typical type of politician. not somebody out of the box. i think the names trump is looking at now for some of the key positio

sara paulson, cuba gooding jr. and john travolta. but until it was actually out there for public consumption, we had no idea. >> see how good an actor you are. take you back to the moment of opening the envelope. and the emmy goes to -- sterling k. brown. >> i think i almost fainted. i almost passed out. >> what part of you said i have a good shot, i think i am going to win this? >> theres telling me that. so the more people told you -- the more people said it, i was like, all right, let's hold off here for a second. because i was the least known commodity out of everybody out there. my cast mates were excellent. there are other people in fargo. hugh laurie who's never won. i said i'm just going to celebrate whoever wins. if it happens to be me, i'll celebrate. and it happened to be me. and it was surreal. i got a chance to uk with a up on that stage and people stood really appreciated the work. i was humbled. >> you going to be part of the second season of "american crime story"? >> possibly. i haven't dotted the is or crossed the t

sara paulson, cuba gooding jr. and john travolta. but until it was actually out there for public consumption, we had no idea. >> see how good an actor you are. take you back to the moment of opening the envelope. and the emmy goes to -- sterling k. brown. >> i think i almost fainted. i almost passed out. >> a good shot, i think i am going to win this? >> there is a lot of people telling me that. so the more people told you -- the more people said it, i was like, all right, let's hold off here for a second. because i was the least known commodity out of everybody out there. my cast mates were excellent. there are other people in fargo. hugh laurie who's never won. i said i'm just going to celebrate whoever wins. if it happens to be me, i'll celebrate. i got a chance to uk with a up on that stage and people stood up and were applauding like they really appreciated the work. i was humbled. >> you going to be part of the second season of "american crime story"? >> possibly. i haven't dotted the is or crossed the ts but i have expressed i

sara paulson, cuba gooding jr. and john travolta. but until it was actually out there for public consumption, we had no idea. >> see how good an actor you are. take you back to the moment of opening the envelope. and the emmy goes to -- sterling k. brown. >> i think i almost fainted. i almost passed out. >> what part of you said i have a good shot, i think i am going to win this? >> there is a lot of people telling me that. so the more people told you -- the more people said it, i was like, all right, let's hold off here for a second. because i was the least known commodity out of everybody out there. my cast mates were excellent. there are other people in fargo. hugh laurie who's never won. i said i'm just going to celebrate whoever wins. if it happens to be me, i'll celebrate. and it happened to be me. and it was surreal. i got a chance to uk with a up on that stage and people stood up and were applauding like they really appreciated the work. i was humbled. >> you going to be part of the second season of "american crime story"? >>