i go back to a name cablevision. cablevision is the one name undervalued. there's opportunity there. >> it's the big pipe into your house, judge. not just for viewing but also for the high speed internet. you've got to get that somewhere. whether you're getting with twc, charter, like to joe's point, cablevision, comcast, you've got to get the high speed cable in your home, then you put up on the wi-fi and so forth and that's what all of these smart tvs run on. the japanese spoemt is short. the next guest company benefit fred that more than most. jonathan steinberg, ceo of wisdom tree has run including the japan equity fund live from new york. >> happy new year. thank you for having me back. >> thank you so much. >> this trade alive and well as far as you see it over there? >> like you said, it had a lot of momentum in 2013. make sure it creates in the early part of 2014. it continued to have momentum. 104 and change. that should support some strong earnings for the japanese market. >> put it in perspective for a little bit. the numbers are big. if i recall

what they are waiting to have dropped is cablevision. after they get those chunks of time warner cable subscribers they are going to go after cablevision and have a wonderful on new england from boston to washington pathway. thisy is it playing out way? why the charter have to make an offer on its own for time warner cable? >> it wasn't easy. they don't have enough money. it wasn't easy to put together the debt. >> why couldn't john malone get the roberts family in a room together? >> a lot of this has to do with regulatory. the idea of doing this backend --l allows regulators regulators look at the time warner cable deal first and when bet neil is done there will a separate deal between charter and comcast. if comcast were to make some sort of joint bid with charter, i think regulators would jump in and give us a hard look, particularly because comcast bought abc a few years ago. >> they have some constraints on what they can do. >> there are some net neutrality constraints and as comcast gets bigger, more subscribers under their umbrel

google and netflix running their own global networks and they're plugging directly into comcast, cablevision. they have already established their own fast lanes. they avoid the public internet for all but the last mile to your house. that is something that has evolved pretty quietly over the last five to seven years i would say. it has fundamentally changed the internet in a way that i don't see net neutrality coming up to. >> wow. >> have got to read the book. >> andrew blum, author of "tubes, a journey to the center of the internet," very well worth the reading. cory johnson, always great listening to you, editor-at- large of "bloomberg west." what does it take to drive in the nfl today? i'm asking nfl hall of famer dan marino next. ♪ >> first, will peyton manning become the greatest cornerback of all time if he beats the den for -- if you take the denver broncos to victory? who better to ask than dan marino? third all-time career passing record, career touchdowns, fifth all-time in total passing touchdowns in the playoffs -- 32. for years, he has been number one in many of these categorie

>> i know tom from his days in cablevision. he invented the triple play.was announced in 2003, people were scratching their heads. he is an innovator, a money maker, he knows how to generate cash flow. i think he is the guy to run this business. >> now that there will be a delay between now and whenever charter decides to make a move does thatarner cable, create an opportunity for comcast? >> i'm not sure they would be shut out. everybody has looked at how they can play in this transaction. there might be movement to play on the front end or the back end. acquire time warner, charter may want to sell off. cox has a concentration on the west coast and l.a.. that is where time warner and comcast both have systems. >> how do you figure out what cable is worth? >> that is what it comes down to. at are looking subscription, recurring revenue business. in three fastest pipe quarters of the country. that gives the option element. it may not be a service they can offer tomorrow, but the business will evolve. that will become more valuable as time goes on. >> we ha

i think you have to incorporate cablevision into that conversation.will be up for play in particular if this time warner goes down. >> i like comcast. $15 billion in free cash flow. going to increase the dividend as the daddy o of the cable space. >> our parent company of course. >>> let's go to the market flash sdesk for a look at what's moving? domino? >> live bed technology, activist hedge fund el yotd management run by paul singer sent a letter to board of directors in it he says it has spoken to majority of shareholders and was, quote, overwhelmingly supportive of push for a sale. it already controls over 10% of the riverbed shares. its intention is to use the bid as a way to possibly entice other bidders to come into the pictu picture. shares of riverbed are above the 19 per share bid that elliott has. a higher bid come could. like we said, just the latest development in campaign of shaking things up, targeting juniper networks. of course, medical supply and distribution companies like germany, part of a proposed take over my mckesson in the u.s

and cablevision's kind of the perennial attractive company in that regard. >> do you see those large integrated cable companies, some of which are both content creators, like comcast or time warner -- but some of which are content creators as well as distributors as well as telecom companies, do you see that business model enduring or will eventually some of those companies break up? >> you know, 1973 it was called the primetime axis rule. the broadcasters controlled the programming on primetime. they had to spin them off. that's how viacom got created, okay? time warner went -- jeff buchus spun off his cable, they're spinning off the publishing business. comcast buying from g.e. the balance of nbc. >> the answer is in the free market, in the free market that we have in this country, managements could make mistakes, they can structure the balance sheet and they can make opportunities. so far, both time warner and comcast have been winners. >> you've been saying that this could be a very good year for acquisitions. besides this whole time warner love fest that you're talking about, wh

will they turn to cablevision? connell: thank you, dennis. dagen: okay.fox business exclusive with a former executive. also, that new appeals court ruling. some action in the stock market their. streaming has been soaring. listen up. the president of the music association coming up. the biggest songs of the year 2013. this is number five. ♪ ♪ ♪ [ cellphone rings ] hello? [ malennouncer ] over 12,000 financial adviso. good, good. good over $700 billion dollars in assets under care. let me just put this away. [ male announcer ] how did edward jones get so big? could you teach kids that trick? [ male announcer ] by not acting that way. ok, st quarter... [ male announcer ] it's how edward jones makes sense of investing. ♪ of the dusty basement at 06 35th street the old dining table at 25th and hoffman. ...and the little room above the strip mall f roble avenue. ♪ this magic momt it is the story of where every great idea begins. and of those o believed they had the power to do more. dell is honored to be part of some of the world'great stories. that began much

he did the same thing when he was ceo at cablevision so he hes have a track record but will get his chance as ceo to see if he can improve time warner cable if no deal is done. >> when it comes the cable companies, they have an uphill battle. thank you so much. alex sherman who broke this story. we appreciated. as we mentioned, that was not the only deal that was announced after the bell. google is looking to go deeper into the devices market by acquiring that the lab -- nest lab. i am joined by jon erlichman. becauses is amazing report $2 billion is a pretty big number and i think it is safe to say not many people have heard of the national labs -- nest alab. sure ite wants to make is going rall the devices are going. i just got back from the consumer electronics show in las vegas where a big scene of the internet of everything. tablet, now your car is connected to the internet. all the stuff in your kitchen is connected to the internet. nest is a company that is taking a technology mindset to some stuff that you would normally find in the home. the guy behind this gets a lot of praise fo

. >> if you are asking about cablevision some people think they get caught up in this consolidation fervor i don't think operators are interested in that particular footprint. the penetration rate of all good services is too high and the leverage is also high. liz: time egan expects charter to raise the cash bid, at least a portion of it. >> they are definitely going to raise it. i get this from people close companies -- >> i think you are almost there. not quite there. one thing not what that is fourth quarter so we know some what what the numbers are. we know the users are better so they are adding 40,000 high-speed data cuts better than q 3. the question is cash flow. our estimate for time warner cable fourth quarter cash flow or even that is $2.18 billion and consensus is 2.1. significantly below that, i don't think it will be significant below that. liz: great to see you, charlie gasparino with his forces. the closing bell ringing in 29 minutes. nation's first recreational marijuana shops open in colorado. we are telling you about that earlier this month. how is this the trying to kee

what do you like about cablevision?er and malone will step in and buy cablevision and get the dones out of the picture. >> how long have you been riding the airlines? >> for the last year. so it's been a great year. >> what about twitter? how do you use it for trading? obviously you tweet and you follow cnbc and the shows and we appreciate it. how does it change your life as a trader? >> for twitter, i follow it but this is probably only my fifth tweet. >> really? >> yeah. >> beginner's luck, as they say, kevin. >> exactly. >> congratulations. enjoy the clock that cramer and faber and r and all of us have signed. it will keep you honest as to when "squawk on the street" starts in the morning. congratulations again. >> thank you. thanks. >> kevin paul, our nail the number winner this morning. not bad. 105 versus 74. nobody else -- people weren't close at all. >> economists right now, the researchers are coming out and trying to figure out how this number happened. yes, temperature. the cold weather played a role. but the

among the worst performers, cablevision, down about 4% today. a big move to the down side for that. also with the drop in oil prices today comes a drop in oil and gas exploration companies. that's why pioneer natural is down about 3.5%, 4% as well. and among those rare green arrows, check out the gold mining stocks. remember, they got beaten up bad last year as gold prices fell. numont mining up about 5% today. so mandy, there are pockets of strength, even though they're not that many of them out there. >> every single dog has to have its day, right, dom? >> actually, it's a cat. he said ocelot. >> every cat must have its day. >>> the dow down triple digits. stocks have not closed in the red on the very first trading day of a new year since 2008. but let's bring in wells fargo adviser stuart freeman and raymond james jeff sort. gentlemen, happy new year. welcome to "street signs." to what degree can we just put today down to tax selling and this is really just noise? >> i think it's just noise, mandy. you try and call the portfolio managers i normally speak to, they're all in the ha

>> of course it is the supreme court ruling in the cablevision case that is really at stake here.to have a chance to offer the service in the first place. if the supreme court overturned that decision, could have serious implications. dennis: they have threatened to turn the network broadcast into cable channel only if they went. the nfl said they would take games and move them off. what is your issue with aereo? >> the problem is if you are relying on this for tv, it will have to be like reliability. we know what a cable outage is like. aereo is a startup so it is having issues with its technology that are not resolved it. when it works, great, it is quite fantastic. other times you will hit record and it will not show up. it can be a bit disappointing as well. dennis: one federal trial court has ruled another aereo like company is violating trade right. and dvr are fine in the cloud. which way do you think this is going to go? how could the supreme court possibly say broadcasters have no copyright protection of their programs? >> so, it won't say that. broadcasters send their si

spun off businesses at cablevision and worked at at&t broadband.iority for barnes & noble and putting him in the lead role. thank you. adam: lori? lori: 50 major cities breaking record lows yesterday morning as bone-chilling cold eases its grip. conditions are expected to be back to normal by friday. so in chicago yesterday, that even the lincoln zoo's polar bear spent the day indoors. that is saying something. adam: send a text, get a tell. a new texting service is bringing hotels up to the 21st century making it easier to get in touch with the concierge. joining to us explain how it all works, ford blakely, the founder and ceo of zingle. congratulations on this project. what is it a million, i don't want to say tweets but text that is go out each year? how often are people using the service? >> great question, adam. we spend over a -- send over a million messages a month. the whole premise is about simplicity. utilize technology everybody uses every day to build better customer service. adam: talk about some of the partners, hotels using your ser

turn to its long-running never cablevision. in charter. he is the one driving this. tom rutledge is the charter ceo, one of the most respected cable as in the business, greater reparations. that made mr. lost half a million and subs. we could come in and fix it and run it better. here is one down side. let's get the massive debt. these guys combined with $60 billion. time warner has something like 23 billion, charter has 14. 23 billion is-here. from right now cash, $40 million. 60 billion ellis and reading something wrong. ashley: very quickly, betting money, what happens? >> time-warner is done. xbox entracy: you need a flow c. so many what ifs. >> i will have that ready for next time. ashley: i will hold to that. tracy: all right. coming upon a countdown to the closing bell some of the newest and most advanced games on the planet. the world's largest video game chain that sells them. will as the ceo about that as well as the next big thing. i would like to know that. the dow is hovering around 100 points higher. liz claman is

we have another court in cablevision essentially saying that a virtual on-demand service is permissible. when all this is said and done you have to ask where the revenue is going to come from. how these companies will get compensated for their work. so i think a aereo decision that comes out in favor of aereo would undermine the very premise on which the system is based. that local broadcasters can be compensated for this tremendous investment. they have in broadcasting. and content creators can be compensated for their work. so i think that this isn't appropriate topic for the courts, but if the courts act -- if the courts interpret the copyright act in a way that undermines these fundamental policies, congress will have to act. thank you. >> thank you. i yield back. >> thank you, congresswoman. the chair now recognizes the gentleman from north carolina, congressman holding. >> thank you, mr. chairman. professor nimmer, maybe this is best directed towards you, but could you take a minute or two and explain further how u.s. copyright law compares to that of other nations? particularly d

the biggest overlap where it competes the most is cablevision if you want to think about that. >> interesting and, of course, time warner cable for its part would say to charter just going down that road for a minute, you're not competing with anybody the way we're competing against fios. we've got a much tougher go here. >> right. >> give us a break when you say you can improve things so dramatically, you try to come in and fight with fios. >> come in the water is fine. >> your point, the numbers so far, carl, this is a day where between activism and earnings, it is a very different tone from last week. >> yes. j&j beats by four cents. u.s. sales up seven led by pharma. their guidance for the year under consensus of 575 to 585 where the street is but some have pointed out they did the same thing last year and beat hand handily. >> goreski is under promise, overdeliver. his predecessor was an overpromise, undeliver. he's learned the lesson. remember, pharma is this company. this company's got growth pharma unlike pretty much all the other big dogs. i like the growth that i see in the higher-m

rutledge who previously ran cablevision's operations and was a very senior guy at time warner cable priorat. >> what about this industry that they can make so much money? weren't we supposed to be cutting our cords and using arrow and going any way other than tethered line? >> it sounds ridiculous now. >> thank you. >> we're in this pure land grab now for this last mile. you have muffey on a few days ago, one of the questions for rutledge does he expect other players to come in? >> one being, of course, comcast, consaldation and the idea of it since we first told you about it back in june has contributed a rise in all of the stocks, time warner and comcast and the whole group up sharply because they do want -- or investors want to see consolidation. >> the last number comcast parent company of this network, showing basic cable going up again. >> i wouldn't -- i wouldn't get too excited about that. >> too excited, charter -- this thing could go out huge time warner. >> it's also trading at quite a multiple charter. >> does anybody care about service? >> is that part of -- >> i think so. >>