telecome. there's a reason why there's a new found interest in that group. >> the stock market rally since the trump election victory has produced a huge amount of gains specifically for the s&p 500 financial sector the best performing sector in the s&p 500 since that time. but these days the second best performing sector overall is a dividend paying sector and that is the telecome sector. they're up 15% since the election coming close to the 16% gain for the s&p 500 financials or the bank stocks. not all interest rates sensitive sectors like utilities are consumer staple stocks have participated in the upside. they've been lagging the overall market but telecome stocks are important for a lot of investors because they pay out side dividends compared to other parts of the stock market. this is the bang guard telecome ticker vox. it hit a record high in trading this past week and a lot of people are wondering whether this can continue as investors look for more dividend paying stocks. two of the

. >> having worked in the agency in beta in this field for a a telecom law, does it get in the way? >> i think the 1986 telecom law has become a fantastic promoter of broadband employment and adoption of universal service. it's funny, for years i used to , was theonference telecom act a failure question mark i can say unequivocally it was a success. does it need to be updated? i think we could have a debate on that. of the the principles original communities act of 1934 and the 1996 tele communications act need to remain. that is competition is key, protection is key, universal access is key, opened networks are key. there may be places around the edges where the loss has gotten a little long in the tooth, and they can be fixed. but whether we need a conference of rewrite, i'm not so sure. >> what is your reaction to what the former chairman bill kinard had to say? as a historical, technological, and market boundaries this thing pushing these industries bird, the statutory differences make less and less sense. >> i would agree with that. i think the silent approach is a little long

telecoms not doing too badly.lities and energy, perhaps our laggards, but no great moves coming through on the stoxx 600 at this time of the trading day. opening up. mark carney in front of the treasury committee, talking about his expectations around the u.k. economy and talking no doubt about interest rates and what should and should not be done to support the economy at this time, so great investors might be looking at that for information. too early to start talking about any rate hikes. that was the view. i caught up with him earlier today. having a look at the ftse 100, interesting story as we see the european equity markets opening up. a great story on the bloomberg about just how strong the ftse has been of late. the unitede of -- in kingdom, very much supported by what we have seen happening in currency markets. the ftse closed at a record every day since the opening of the market after christmas. that is nine days in a row, manus, a record streak of record closes, a record of a record, which is impressiv

they love telecom stocks. why is that?his is a sector likely to boom based on cutting back the net neutrality regulations and different things involving telecom which president obama focused on. more free market stuff cut of the ftc and justice department's antitrust division. guess what? more merger deals. want to hear something else? investors think despite donald trump hating cnn that the time warner at&t deal goes through. there are very little arguments. david: as you mentioned regulations look good. he is putting pen to paper. tax situation is still -- >> one thing to say to take 75%. all regulations. that is a good thing. which regulations? how will it be done? david: taxes are clearly coming down. melissa? melissa: president trump is ready to put up the wall but payment plan still a big question. white house press secretary sean spicer was asked if the administration figured out how mexico will pay for the wall. this is his response. >> i think the president is working with congress and other folks to figure out op

the only sectorer that was in the green was telecom's.o want to show you what's going on in the currency phase. given the weaker than expected gdp, 1.9%. putting downward pressure on yields and the travel ban is sending investors into the japanese yen. dollar yen at 114.75. down by .03%. and we have german inflationdate aand that is expected to top 2%. the ecb would be happy with 2%. for germany it seems to be happening. >> what happens if we have germany over heating and southern europe not quite there? >> can't cut rates. >> exactly. >>> the u.k. prime minister has said she does not agree and she has reinsurances that most british citizens will be under the ban. an online petition to withdraw the invitation to the president has gathered thousands of signatures soar far. >>> this is happening as he's due to meet the u.k. prime minister in dublin later on today. and gemmau joins us from dublin. they're not only going to be talking about possibly the northern/irish border we think. >> the northern irish border will be a huge concern today.

joining me, our guest who covers the telecom and tech sector. thank you for your time.n numbers as we saw this week worth looking too pretty in terms of the earnings. with this tie-up be helpful? >> the tie-up with charter would not cure the ills of the wireless business which is having issues. competitors are offering unlimited plans and verizon resisted that probably because they have 100 million customers. buying charter, and people talked about some of the fiber they have, that is in a section of the market. it's unclear how high-quality the assets are the charter has that would enable 5g versus perhaps comcast, who has much better fiber investments have been made historically. it doesn't really shore of anything, it adds a different business and when the generates its own free cash flow. caroline: we are starting to see perhaps a division in the ranks of what the best tactic is for the future. at&t and time warner saying content is king. here we seem to see a deal that once the infrastructure. >> for a while the ceo of verizon, strategy was go all wireless. they we

in a world that was turning away from legacy, telecom telecom services and instead toward dynamic internet applications, the fcc found its role and in the world gradually diminishing. this was an inevitable product brought about by technological innovation and significant light touch policies. over the last several years the fcc pursued and aggressively partisan agenda that put government ahead of real consumer desires in setting a course for the government. new opportunities on the internet, the f last fcc chairman declared, and i quote, government is where we will work this out. i don't know about you, but i think the marketplace should be the center of the debate over how our digital networks will function, not the fcc. i believe consumers and job creators should be the ones deciding about new technologies, not the government. for instance, some internet providers are offering service plans that allow you to stream video and music or other content for free. these innovative offers are a sign of a dynamic and aggressive competition in the marketplace. two weeks ago, the outgoing fcc issu

chips to bleach, and now we are going to add telecom into that. i think since 1934 there has been an expert agency in telecommunications a has made sense to stay that way. >> you pointed to tradition for a reason to your agency and given that stepping down would start a republican majority, i have to wonder why not but tradition. >> this is clear, they asked me, the congress, the senate in particular asked me during various hearings what i would do and i told them i would adhere tradition which has always been that if the party in control of the house changes, the chairman resigns. if the chairman doesn't change, the chairman typically stays on and works with transition team until that person gets his chairman through the congress. i made a commitment i would do that. i think there's also up practical effect to the whole thing, and that is that a lot of times during my tenure, i was criticized by members of congress and they say hey, you're not allowed to lobby. i would just soon not be silent. >> how would you describe your relationship to congre

steve: i spent 12 years or so in corporate life in the telecom industry.anted to run the business with a professional approach and i spent some time investing in businesses for an investment bank i was helping, and also some investments i have personally made. i had gone through the investment process and helping companies raise money. when it came to raising money for our company, it was easier. haslinda: you also had some failures. steve: absolutely, i started my own business which was a consulting business and i realized it was hard to scale you are kind of relying on one person, which is myself. i invested in additional media business in finland. the founder did not want to grow it, despite the fact that we have made investments in the business in singapore that failed completely as a result of the founders and the investors falling out. i realized how important it is to have supportive shareholders. haslinda: how do you overcome failures and identify another venture which could potentially fail? how did the wife cope with that? steve: i am a challenge

what has caused telecom issues to become increasingly politicized? >> i wish i had the answer to that. the first issue is that, 85 to 90% of our decisions are unanimous. but those don't get the headlines. even when we have a 3-2 decision, you know there is actually a 3-2 decision where i'm voting with the republicans against my fellow democrats. >> effective competition? >> effective competition. but, you know, this is the way. i think this is the way that democracy works. that you decide by a majority, and we've had many successful efforts. commissioner o'reilly and i were quite successful in working together on how do we change. he led, how do we change the rules for supporting greater return carriers in rural areas where it's expensive to provide broadband service? i think there are areas we can all work together. but at some point in time, you've got to pull up and choose. >> do you think this leads to a back and forth ping-pong, rules between the administrations especially rolling back on your personal policy items? >> margaret, the convey it wo

story from san francisco. >> reporter: in just a few weeks, robert harrison, a 57-year-old senior telecom energy at ucf will be out of a job. he'll be replaced by an offshore worker. >> it's been a very demoralizing position to be in, to know that we're coming to work to a company that's going to ship our jobs out to people in india. >> harrison who's worked at the university for two and a half years is one of 49 career employees and 30 contractors who are being replaced by offshore workers. the uc system signed a contract with hcl an indian outsourcing company to fill the positions. the employees spoke out this morning during a regularly scheduled uc board of regents meeting. >> the cuts are part of a cost cutting program that uc officials say will save ucsf $30 million over five years. it's an issue that is made national headlines. it once again brings to the spotlight the h 1 about visa program an issue president trump has spoken out about and the need to reform it. the program brings 85,000 workers to the u.s. it's design today attract highly skilled foreign workers for jobs there are

so a big deal here for some of these telecom stocks. looking for what stocks are actually driving the action, that particular etf that we just referenced, 40-plus percent of the etf is made up of two stocks. no surprise here, the two biggest ones in america, at&t, 11% higher just over the past month. so a lot of near-term momentum. it still has a 4.6% dividend yield. then verizon shares, up about 9% in that same time frame, a 4.2% dividend yield. if you're taking a look for where investors are at least playing some of these dividend plays without worrying about some of these other interest rate worries, check out telecom stocks. if you're wondering what stocks in that etf pay dividends, i put that list up on twitter as well. check that out. back over to you guys. >> all right. dom, so travelers. that's a downgrade? we just showed that, right? did you just read that? that probably accounts for the dow being down 40. if you do the multiplier on ten points, how much of the dow's selloff -- that's why it's changed from down ten to down 40 a

what do you think has caused telecom issues to become increasingly politicized?wish i the answers that. the first issue is that, you know 85 and 90 percent of our decisions are unanimous. but those don't get the headlines. and even when we have a three à two decision, you know there is actually a three Ãtwo decision where i am voting with the republicans against my fellow democrats. >> that is effective competition. >> effective competition. and, so but Ãthis is the way i think this is the way democracy works. you decide by a majority. and we have had many successful efforts.you know, commissioner o'reilly and i will rape quite successful in working together on how do we change Ãhe led, how do we change the rules for supporting greater return carriers and rural areas where it is expensive to provide broadband service. and i think there are areas we can all work together. but at some point in time, you've got to pull up ? >> do you think this leads a back-and-forth ping-pong angles between administrations? especially with not rolling back on your policy ? >> marga

yahoo is in the process of being bought by us telecoms giant verizon for about $4.8 billion but has now be completed until at least the second quarter of this year. and back to south korea, where lg display is also doing well. it reported a record fourth—quarter operating profit ofjust over $778 million due to a pick—up in panel prices. the world's biggest liquid—crystal display maker said the profit was caused by the upward trend of panel prices and a favourable foreign exchange rate. we have covered samsung a lot on this programme recently, and for all the wrong reasons, including exploding phones and corruption claims surrounding the boss of the firm. today we have some good news, because despite all of that, the electronics giant, that side of the business, saw profits jump electronics giant, that side of the business, saw profitsjump by $7.2 billion in the last three months of last year. mariko oi is in singapore, i bet they are breathing a temporary sigh of relief, for now at least, at samsung. indeed, sally, i think it is fair to say that not many were expecting such strong numbe

shares crushed earlier on this week at the telecoms giant.in london, european telecoms reporter, erhan gurses. what does this tell us about where the risk lies for bt? this italian story is catching all the headlines, but what really i thought comes out of the numbers is this slowdown we're seeing, particularly in the u.k. maybe a brexit story starting to filter through. give us the balance of what is going on. erhan: the problem comes in public and corporate markets. you are right. there is slowly increasing signs of brexit effects, especially in the public sector. many contracts come for termination but they are not replaced, resulting in double-digit decline in revenue. more importantly, we see international companies, which are the largest clients of bt, having global order intake. this inevitably results in a significant slowdown as we saw with a profit warning at the start of the week. as you mentioned, this profit warning. bt wrote down $248.5 million in provisions because of that accounting scandal in italy. piers, i wonder if you thi

in new world turning away from legacy, a telecom services for the internet applications to be graduallyiminishing. with uh technological innovation the fcc pursued an aggressively activist and a partisan agenda speaking about new economic opportunities the last chairman declared government is where we will work this out to i don't know about you but i think the marketplace should be the center of the debate how the networks will function not the fcc i think the job creators should decide about new technology not the government some are offering service plans to stream video music or other content for free this is a sign of the aggression in the marketplace the outgoing sec issued a report called serious concerns that such practices likely harm consumers. they think doing more online for less money is a bad thing for consumers. and with that important take away into a dress that digital space to modernize our operates to reform what it is allowed to do. we need of modern regulators to focus more on fixing fundamental problems in the marketplace and less on dictating direction of the tech

are they anticipating more consolidation within the telecom space?zon and at&t operates as a case study for the buddies that fundamentally do the same thing that have gone and very different directions. at&t first acquired directv, a big deal. that on top you add in, it's a $100 billion plus mna into deals. yahoo! atught aol and about $10 billion. they have done the same thing year after year, but have gone in a very different direction. this verizon take a look at at&t and say a were ahead of us in this? ,e need to make a counter move whether that is something enormous like buying a cable company or trying to buy some more content. or does verizon say we don't agree. ourre content to build mobile advertising platform and devil and content a little bit, but we want to make sure our focus is wireless networks, spectrum, and button -- and finding a way to stimulate revenue. ,-mobile has been an upstart and this has undercut them on price. that has the prize of -- has put verizon in a tough spot. at&t as: amy, you cover well. their numbers are coming up

. >> host: having worked in the agency and been in this field for a while, does the 1996 telecom law, does it get in the way? >> guest: oh, i think the 1996 telecom law, with time, has become actually a fantastic promoter of broadband deployment, of broadband adoption, of universal service. i think it's actually, you know, it's funny, for years i used to go to a conference and debate was the 1996 telecommunications act a failure, and i can say unequivocally 21 years down the road it was a success. do the communications laws need to be updated somewhat? i think we could have a debate about that. i do think, though, that the principles that undergird both the original communications act of 1934 and the 1996 telecommunications act need to remain. and that is competition is key, consumer protection is key, universal access is key, open networks are key. if you want to, you know, there may be places around the edges where the law i's gotten a little bit long in the tooth, and they could be fixed. but whether we need a comprehensive rewrite of the communications act, i'm not so sure of that

is amy young, who covers telecoms in new york.ex sherman reporting on this deal since day one. amy, i read your notes on verizon's numbers, which you called squishy and uninspiring. elaborate for us. outlookhink the 2017 was a little disappointing for investors. people were looking for gdp plus growth, and it puts a lot more pressure on them to either get yahoo! or aol and the right direction or perhaps to look for additional growth opportunities in leveraging. caroline: talking about that opportunity, what do we know in terms of the yahoo!-verizon deal? there was talk in december that the price would be reduced or the deal would be put to bed entirely. alex: we know at this point that the deal is going to be delayed. it was supposed to close at the end of the first quarter, now it is bumped to the second. verizon is still trying to figure out what exactly the cost of two enormous hacks plus potential liability down the road of any future yahoo! hacks might be. that calculation will drive verizon's thinking on how the -- how hard

he has been a board member at the national telecom regulatory authority and was ceo of global telecomding. rolls-royce enjoyed its second-best sales record last year, delivering 4011 cars in 2016 thanks to record demand in the u.s., the u.k., germany, and asia. japan performed the best with sales rising 51%. china saw a 23% rise. says middle eastern demand for luxury goods has been dampened by uncertainty. >> a little of april back in the middle east. manyiddle east was due to circumstances, oil price, economic development in that area, also political unrest or to a certain extent, but oil was not beneficial to the business, but the rest of the world was fantastic for us. yousef: let's talk about that the implications for this part of the world off the back of donald trump. of equities for franklin templeton investment, great to have you back. in terms of general sentiment to donaldlook trump's cabinet, what are the implications for this part of the world? >> first of all, it remains difficult to discern whether or not trump's campaign rhetoric will translate to policy action. u.s. re

groups on the move, consumer discretionary in 1.1% rateot, up broad-based gains with the exception of telecomnd energy shares. we've been talking about the automakers and their sales. of them coming out ahead of estimates. general motors with a big gain of 10% last month. fiat sales down less than estimated and adding toyota to the list. its case, by 2% and shares up 1.5%. we are watching some of the airlines today, delta coming out with its numbers for its december revenue per available mile revenue. in december it was unchanged year over year but that represents an improvement. for the quarter it says its unit revenue will be down 2.5% to 3%. a little bit better than estimated. something we are looking ahead to later today is the release of the fed minutes from its last meeting. if you look at what is going on in the bond market, we have some selling going on, at least on the shorter end of the curve, an increase of two basis points each. the 30-year is unchanged at this point leading up to that release. vonnie: thanks for that. let's get to the bloomberg first word news. we have courtney d

on vodafone saying its indian business is considering a merger which would create india's largest telecomsnt arrival of a competitor whose lower price has one of customers there. cathay pacific has pledged to use clean jet fuel partly made from garbage in a bid to cut harmful emissions. this is in the south china morning post. and does this bear any resemblance to anyone in your family? does this bear any resemblance to anyone in yourfamily? it is a drawing of a newly discovered fossil one millimetre in size and 540 million years old, and it is humanity's earliest known as revolutionary ancestor, apparently. that is on the telegraph website. joining us is tom stevenson — investment director at personal investment firm fidelity international. barack obama only ba rack obama only left barack obama only left office 12 days ago and he has a ready is taken out that american values are the sta ke out that american values are the stake and people in the uk are protesting. in the uk people on the

at £2.7 million fine imposed on the telecoms giant ee.oposals, but first let's hear what our own breakfast brexit panel thought about theresa may's big plan for leaving the eu. i thought the prime minister's speech today was very good. quite rightly, she has made it plain to the eu that, should they try to punish us for leaving, we have other means by which we can achieve brexit. i said i wanted clarity, and we do have clarity. but the single market, we are completely out of it. whether it is good or bad is going to come down to detail negotiations, at there is no doubt about it, we are going to lose our biggest trading partner without tariffs, but so trading partner without tariffs, but so is the european union. to be honest, i feel positive, and so is the european union. to be honest, ifeel positive, and it so is the european union. to be honest, i feel positive, and it was expected we would look after british people living in the european union, as we do in the uk. sol people living in the european union, as we do in the uk. so i feel

telecom dragging the london ftse down .01%. in an effort to combat growing europe,nequality across the european commission wants all eu member states to introduce and wages and minimum income for the unemployed. 22 out of the 28th eu member states already have national minimum wages. living standards and cost-of-living very widely across the eu. some parts of southern europe suffering from high levels of unemployment. the commission said that changes will help in corrosive actresses in european society. practicesd corrosive in european society. >> there is a level of dignity we have to respect. the minimum wage does not have to be the same in all our countries. claimld be absurd to that. but in all our national legislation, a minimum social salary and a minimum guaranteed wage is an addition we have to bring to europe's social dimension. >> here in france, big data coming out earlier in the day. the number of people looking for full-time work fell by more than 100,000 over the course of the year, enough to lower the amount , th

resources which is energy and materials, american based banks, and telecome. phone carriers. >> you want to buy crap. >> you want to buy crap. i do think it matters. that's the feeling. deregulation. >> so let's talk about earnings season. what sector is set up for the best surprises here? on a bar that might be kind of low. >> i think the bar is low, we've done a lot of work with it. this is a really good time. mid cycle for people to say, what has not, what have i taken off my list to buy is this the drillers, the tanker stocks, metals and glass but also i.t. consulting. you don't have, casino stocks. you don't to have buy junky things. stuff that people have forgotten about. >> what is your biggest concern about consensus thinking right now and where you fall. >> yeah. >> one, i think everyone has a base case. unless everyone says single digit. what is your alternative case? everyone is jumping to the upside case. i think there's a bias to lean more bullish. that's a concern. and i think there is stale very big consensus in health care. people forget, healt

you did see the losers in yesterday's session were the utilities, consumer staples, telecom, rate-sensitivetocks. >> pro cyclical groups were up there. >>> president trump taking the first step towards building a wall along the mexican border. he signed two executive orders yesterday initiating a series of actions to curb illegal immigration and begin construction of the wall. and add more border patrol and i.c.e. agents. the orders will cut off federal money to so-called sanctuary cities. >> we will be in a form be reimbursed by mexico. >> they'll pay us back. >> yes. >> so the american taxpayer will be paying for the wall at first. >> we will be reimbursed for the wall by whatever transaction we make with mexico. >> mexico's president saying mexico does not believe in walls. mexico will not pay for any wall. the mexican president was expected to come to washington next week. his team said it is possible that won't happen now. michelle caruso-cabrera reports that the mexican finance minister was at the white house for ten hours yesterday and remains in d.c. we'll continue to watch word fro

service provided by telecom giant kddi lets station staff connect in real time with a remote command center. we got a glimpse of how it works during a fire drill. live video from the station comes into the command center from 40 kilometers away. the commander instructs the station staff to check equipment. instructions written by the commander appear on the station worker's screen. more than half of keikyu's stations are already using the service and it plans to install at all 72 of them. >> translator: it allows the train stations and the command center to mutually grasp the station and with a.r., we can immediately give instructions so in an emergency we can respond faster and resume service more quickly. >> reporter: this construction company has introduced a.r. to help improve efficiency. one of the many tasks involved in building projects is ensuring soil safety. workers at the firm's lab check samples to make sure they don't contain anything harmful. analyzing the soil involves up to 150 chemicals, each requiring special care. a.r. gives them the information they need in a flas

but they have to start the same way, when they look at plans they start with easier things and the telecom starts with a microchip. that's where the planning and where it's all been layed out and it always connects to the campaigns. again, the massive amount of structure behind it has to bring it back, a company alone. and you to open it up, you have to see what's behind wall ways and if they have the equivalent of cia and nsa supporting, forget for a moment that it's espionage. you have support and a supportive infrastructure and you have universities, they are all getting funding, okay, they are operationalizing through open source but they also personal the espionage-related information and then the scariest part that came in campaign over the last four years is the impact of the infiltration rates, the infiltration of putting the chinese into the different companies in america and into the investment organizations and then the programs they had behind that, the ministry of planning and education and overseas chinese returning programs, the research parks, the massive infrastructure to

what to avoid, more of the telecom. any of the bod bottom proxies because i think the fed raises rates two or three times this year. ignore the headlines or tweets for that matter. >> how do i protect what gains i may have made in the fourth quarter of last year, scott? leave a little bit more room for gains in 2017 but also have some defensive ballast to protect against the kind of risks and volatility you just pinpointed? >> in a nutshell, in any environment, but particularly one that bears such company-specific political risk, it's important to own the shares of companies that have a greater than average degree of control over their own destiny. whether that's through the loyalty of customers, provision of essential products and services, strong balance sheets. companies that aren't necessarily subject to the political discourse. >> give me some examples of each kind without indicating whether you're necessarily recommending those particular companies. in the former category, the ones that would be subject to politic

no flies on that thing. >> and when we talk about consolidation broadly speaking in the telecom/cablerena, we certainly have to also come back to your friend, mr. legere, and sprint chrks we know has been this concerted effort by masa son, his visit to trump tower, his promise of jobs to try to get that deal to the finish line yet again with the hopes of under a department of justice -- trump department of justice they'll have better luck than they did previously in going from four to three. i still think it could be an issue. but, jim, many people believe the synergies and efficiencies, although there would be job losses. >> job losses. that's why we asked dow -- >> would be significant. as i reported the germans would be potentially open to at least the idea of such a combination if their guy legere was able to run it, it would allow them to deconsolidate perhaps the earnings, which is not necessarily a bad thing from their perspective. but give them a sizable still economic stake in the wireless business here because they have benefitted enormously from it. given both the currency

he's interviewed by a telecom reporter for reuters. >> we don't know who is going to be the next chairman of the fcc. many are saying the commissioner will be elevated. i think the world of commissioner by. he has extraordinarily sensible and well-grounded perspective that suggests real balance between the needs of infrastructure and the needs of applications. >> watch "the communicators" monday night at 8:00 eastern on c-span 2. >> in her last official remarks as first lady, michelle obama talked about the educational initiatives of the obama administration, and called on the nation's youth to empower themselves with a good education. this is 30 minutes. >> thank you to mrs. obama for hosting this white house event and supporting our work by recognizing school talent at the national level. [applause] >> the profession and the students we serve will be forever enriched by the initiatives you have established. as a change in administration occurs, raising questions about the educational take, i can promise you all of our counselors will continue the legacy you have established. [applause]

energy, financials, telecom top three. three industrials, utilities, all positive.hen bringing up the rear, down on the year. a very disparate group. managed care's been decent, devices, drugs have been under a lot of pressure, biotech the most. but i want to show you a few good optics. i don't make these fit or try to jigger them. these are the actual official s&p 5 hundreds gets sector charts for all financial stocks, it's about 30%. and that's about as wide as you're going to see. in fact, it's only happened two other times since 1990 at the inception of data. i want to have the s&p. just financials and health care, put in the s&p. one way to look at relative is to freeze the aggregate. i'm going to hold the s&p. that's going to expose the relevant performance. i'm holding s&p as a constant. and this spread has only happened two other times since 1990, and you know it's quite right to bet for convergence. so i think you want to be contrary and by xlv. mike has a trade in particular. >> i've referenced this of about. i'm looking at sell gene. it is a very special

cannot allow the next two or three to go forward, and let's not do one the way we did with the last telecom merger and close the door when you have a competitive advantage by one country. peter: what do you think are some of the biggest risk when it comes to the internet? suzan: i think we have concerns of security. we have a lot of devices out there, a lot of information flowing. people buy personal devices because they have interesting features, or they like the way they look, but they don't necessarily think about what .appens to my information or if it is stored in a place that is secure. these are important issues. we need to make sure that privacy protections are upheld and people can feel like they know what is happening to their information. make choices about what happens to the information. also that they are operating in a secure environment. that security protections are in place and people are aware of that. that is something we all have a lot of work to do. the internet of things will continue to highlight that because it is about connected devices and information flow. when y

matt: it goes back to the question in telecom, are they just a dumb pipe?has matured rapidly. the previous coverage is gone. t-mobile is competing nationally now, sprint is catching up very quickly. now the network premium they used to get has basically eroded. in with growth declining their main profit driver, they are trying to denver's find you growth avenues grow the top and bottom line and more importantly keep their task -- cash flow going. i want to follow up on corey say these can get through -- can they get through? let's say verizon five yahoo! and charter communications, is the regulatory environment friendly to this? and will yahoo! happen with rise in? matt: it is tough to say because we have a new regime. we don't know what they will look like, but based on president, the -- presidential t, it is more on the video side. we have time warner which is now spectrum charter competing with files -- fios, so they don't have too much overlap. on the broadband side they have a lot of subscribers. that can be an issue. bna people who look at the perspec

can't allow the next one, two or three to go forward, let's not do one the way we did with the last telecom merger and close the door when we have competitive advantage by one company. >> host: representative delbene, what do you think are the biggest risks when it comes to the internet of things? >> guest: we have concerns when it comes to security, for example. we have a lot of devices out there, a lot of information flowing. people buy, for example, personal devices because they have interesting features or like the way they look but they don't necessarily think about what happens to my information and is it stored in a place secure and kept updated? these are very, very important issues. so we need to make sure that privacy protections are upheld and people can feel like they know what is happening to their information, make choices about what happens to information, but also that they're operating in a secure environment. that things are kept up-to-date. that security protections are in place. and that people are aware of that. that is something i think we all have a lot of work to do

representative cramer: the idea we have oversight of broadcasters and telecom issues i'm pretty keenly aware of how they do their business that theykeenly aware distribute their product over owned airwaves otherwise known as spectrum. especially ampaign the presidential campaign up to the last few weeks of the an tion i noticed increasingly negative coverage by abc, nbc and cbs in of mr. trump, which i don't have any great argument with. nature of media is you are holding them accountable negativends to be more but there was very little negative news coverage of clinton. i think there was plenty to cover in both so it concerned me. to the actual e election day in fact just prior eekend before it was quite blatant and i sent a letter to before dcast c.e.o.'s that weekend and suggested that perhaps we should have a hearing whether there is a in a bias they are engaged that is very anti-trump and decided after i the election not to do hearings but i think we need to explore the ossibility with companies. host: be specific. what were some examples of what before the election that led to yo

. >> host: well, joining our conversation today on "the communicators" is dave shepardson, telecom reporter for reuters. >> craig, you mentioned at&t's directv now. that started out with an introductory price of $35. what's the strategy there? is it to start out with a low price and gradually bring people closer to those margins you were talking about for traditional service? is that, is that strategy going to work, do you think? >> guest: well, it's interesting you say that, dave. they have actually already retired or announced that they will retire next week that introductory price of $35, and that package will go up to $60. even at $60 it's nowhere near as profitable as the legacy product. now, they would argue that there are some additional bells and whistles here that can help close the gap. one is it's lower cost to serve, certainly doesn't have the kind of customer acquisition cost that you have when you have to put a satellite dish on the roof, when you have to provide customers with set-top boxes and the like. and they hope also eventually to get some incremental value from address

until it is say telecom going lower. we will speak with ceo daniel o'dea.l backlash. goings atomings and trump tower today. senator mitch mcconnell among those meeting with the president elect. mr. trump is reportedly having his son-in-law for senior adviser. no real trend except the nasdaq continues to make a new high. collect overall, we are not seeing the major averages change all that much. largely unchanged and mixed. the indexes are being tracked down while the nasdaq carving new record highs. we take a look at the year to upe chart, the nasdaq is nearly 3%. on technology strength especially last week, we are see on pace to close another record high. earlier today carving on another all-time high. we are once again looking at last, of four out of the five days. morgan stanley highlighted them in. pick, a 20% upside for shares of appeared we have pharmasset is trading higher, $4.66 billion. way.tock is up in a huge trading higher on the news -- buying a pet hospital company for $7.7 billion, having its 2001.ay the green on the nasdaq is the 10 year yie

by the way, you could break up the -- break up at&t by creating local telecom companies. you can't create a company built on network effects because that's the reason it works. you know, but at the same time if they don't take responsibility for things like algorithm accountability, they will be regulated. regulations start --? i was going to ask, is it washington's j >> hopefully not. hopefully we can self-regulate. >> the only facebook changed its tune is germany. >> the german government, okay. >> many countries are thinking through what are the data privacy solutions going to be in context of the companies. the more data, the stronger ai, the stronger the influence. so with that kind of responsibility you need to have that transparency and those core principles. >> what is the responsibility of the bc and what do you do in your companies to make sure they're thinking through unintended consequences? >> personally, i try to turn to projects with a social initiative, whether it is education or healthcare, basic small business and entrepreneurship. it is interesting, rig

sellers that is 80 percent to women halfway across the world and to a custer and also try using the telecom services electronic payment services services, agreed take all of that for granted to send something halfway across the world did it will get there but those are all areas where there is risk to say want to localize is we don't want to allow express delivery with international shippers and for those individuals to help them see what they're doing with those types of rules that they are negotiating a. >> drumbeat institute the international studies and there has ben expressed about losing american leadership and the chinese leadership taking over. given the vast amount of 70 years of building an international order can you clarify about the chinese leadership? with this demobilization to me but what it might look like differently. >> china as a regional strategy. with uh trade agreement even with the south china sea is part of a regional strategy. and in a very powerful way and to call the shots and with the allies and the partners in the region and not to become overly dependent on on

the penalty was imposed by telecoms regulator ofcom — after an investigation found that the uk's biggestthin the eu and billed them even when the number became free to use. ee has apologised and says it has put measures in place to prevent this happening again. britain's dan evan has pulled off the best win of his career at the australian open as he knocked out the number 7 seed marin cilic in a thrilling 4 set match. less of a surprise was andy murray's easy victory over russia's andrey rublev which takes him through to the 3rd round. katherine downes reports. dan da n eva ns dan evans is no stranger to winning against the odds. on the verge of quitting tennis a couple of years ago he has now beaten to the top ten players in the world in the last couple of weeks. today's big scalp, marin cilic, who looked too much for dan marin cilic, who looked too much for da n eva ns marin cilic, who looked too much for dan evans in the first set. he won it 6-3 dan evans in the first set. he won it 6—3 as evan struggled with the sinking sun. as the shadows lengthened evans came to die. breaking the c

mobile operator ee has been fined £2.7 million by the telecoms regulator, ofcom, for overcharging morerors. before the watchdog stepped in, ee had decided not to reimburse the majority of affected customers instead proposing to give their money to charity. the majority of customers have now been refunded. grandparents are missing out on national insurance credits which could top up their pension by more than £200 a year. mothers who give up work are given national insurance credits while their children are under 12, to help them get a state pension. if they return to work, relatives under pension age who care for their children can claim the credits instead. two more additions to donald trump's team in the white house are set to officially confirmed today. wilbur ross is the billionaire investor. mrtrump wants him to serve as his commerce secretary. and lawyer and politican scott pruitt is being put forward as the head of the environmental protection agency. joining me from the floor of the new york stock exchange is samira hussain. two controversial appointments, as a lwa ys two contr

allow the next one, two or three to go forward Ãlet's not do one the way we did with the last large telecom then close the door we have a competitive advantage by one company. >> representative suzan delbene, what you think are some of the biggest risks when it comes to the internet? >> i think we have concerns of security, a lot of devices out there, information flowing. people buy for example, personal devices because they have interesting teachers and or they like the way they look. but they don't necessarily think about what happens to my information and is it stored in a place that is secure? and if it is kept updated. these are very important issues. and so we need to make sure that privacy protections are upheld and that people can feel that they know what is happening to their information. make choices about what happens to their information. but also that there offering a secure environment. the things are kept up to date and the security protections are in place. and people are aware of that. that is something that i think we all have a lot of work to do and the internet of things