so extenet is a member of the joint pole association, as are the wireless carriers, as is comcast, pg & e. so it's an organization that we try to work closely with to ensure that we follow the rules that are stipulated by the organization. california public utilities commission is the primary governing body over what happens to the poles, but what happens in reality was installed in the way it's installed is something that would go through the northern california joint pole association review process. and the photo that the gentleman showed earlier outside of the window was not the subject pole we're talking about right now, but it was the one mentioned earlier that we discussed three months ago in front of you and hasn't been resolved yet. in any case, we agreed in that case, and we'll do the same here going forward, that we'll try to work more closely with nor cal association to figure out whose wires are where and can they be fixed and can some of that slack go away? it's not always easy because we don't have the authority to tell another utility how to go about their business, but

talks to buy parts of twenty first century fox however fox is also in talks with comcast twenty first century fox is run by the murdoch family as most of us know if the deal goes through with disney it could possibly split up the family but reel in billions of dollars and if the deal with comcast goes through the department of trust the tarp department of justice their entire trust division could stop it here's our t. correspondent ashley banks with more actually if the deal is a reach it will be the latest in major mergers and could be worth more than sixty billion dollars it would reshape the media landscape giants like it disney and comcast are trying to compete against new players light not flex and fox is under pressure to shrink and focus on specific businesses under this deal does the would buy big parts of fox is in pyar including its movie and television studios international assets like the star cable and media company n n g m a stake in the british broadcaster sky and a big stake in the hulu streaming service as a result of the deal between walt disney and twenty first century fox the murdoch family could potentially

is said to favor disney as a buyer for some of its assets. murdoch family is holding talks with disney as well as comcast about combining certain media assets. ul sweeney. credibility do you put in these discussions? a media conference today and all the chatter was deal making. did any of us ever think we would see the day when rupert murdoch was willing to sell all or part of his company? that said, these assets are for sale and there are buyers lined up. areink the wildcard is what the regulators going to do at the department of justice? they surprised everybody by throwing a wrench into the time warner deal. joe: is there a reason why disney would be a better fit? fit isbest strategic disney. disney needs international exposure. 20th century fox brings big .nternational investments if you are disney, you have a great portfolio of assets. this may be a way to bulk up. not everybody thinks this deal is likely to go through. we spoke to a capital advisor earlier today. listen to what he had to say. >> someone is out talking to the press about this. if people want to have a quiet conversation, they can do so. this is not a quiet conversation.

if the choice is between facebook as over-lord or comcast as over-lord, choose facebook. >> those areood options either way. >> no. what i believe, that there should be a third option. what bothers me about the net neutrality act is we're sort of being asked to choose who the natural monopolist will be. all right? and like what we should be asking is how can we avoid natural monopolists, how can we have a more vibrant market, a more vibrant society without this kind of power and wealth concentration and total control of communication that will accrue to one side or the other. >> that would be un-american, you realize. that's how things are done in america. >> i mean, in theory, america is supposed to work on some combination of capitalism and democracy. >> in theory, yes. >> and absolute democracy -- absolute monopoly on information transmission is not really in line with either of those. for the moment, i mean, i think we have to demand net neutrality, i think it's the better option. in the longer term there are other options that are better still. if you make everything -- so this i

comcast becomes a minority holder. is that a big blow to comcast's own streaming intentions in the future >> yeah. i don't view that as blow. i believe comcast will be very aggressive on streaming. even though it looks like they're in this potential deal, i could see them on the acquisition spree in 2018. i don't view this as a huge negative the your is out in terms of the hulu piece i view this as one that is sort of tip of the sphere in terms of how disney will focus on it. it's really about content and what this gives them you will see comcast, verizon, a lot of other players get aggressive on streaming. you see billions going towards streaming. i think it speaks to a major sort of seat shift what disney is doing, which we expect a deal to be announced. >> does what's happening with the justice department and the at&t time warner deal worry you about the potential for this dole to be held up or are they different beasts >> i think they're different beasts in terms of, you know, how some are viewing it. i think there are regulatory questions out here this is something where -- it's a big focus of the street, but i t

it is the direction comcast has moved into in the u.s. it is looking at something like sky as unique opportunity for them to build the global footprint that they have not had before as you mentioned. matt: it is pretty classic duplicity, right question mark brian roberts is going to get a first. i wonder what sort of regulatory hurdles there are to this deal. thch is more likely to sail rough, they both have a lot of assets in the space. which is less likely to get snagged by the department of justice? david: the disney advantage appears to be that they are not big on the distribution side for entertainment. this combination would not raise the threat of a situation where you have a supplier combined with a distributor pushing prices up. that is the combination that has drawn fire, drawn a lawsuit from the u.s. justice department with trying to block the at&t acquisition of time warner. disney would not have that disadvantage. that is one reason why some people are saying rupert murdoch has sought them out. why it is a preferred deal. -- has a history of problems with antitrus

>>> stocks hitting record highs as the central bank kicks off its final meeting of the year. >>> comcast is out the media giant dropping its interest in 21st century fox assets >>> and raising the red flag on bitcoin. one of the earliest investors in the cryptocurrency is starting to get worried it's tuesday, december 12, 2017. "worldwide exchange" begins right now. ♪ >> good morning. very warm welcome to "worldwide exchange" here on cnbc i'm wilfred frost. let's get to the global market picture, after a day when the nasdaq did lead the markets higher, up 0.5%, the dow up 0.3. a broad, positive day. 9 out of 11 s&p sectors were led higher by the likes of telcos and energy we have green across the screen once again not huge gains, but positive across the three indices 45 points for the dow. s&p and nasdaq up just slightly. ten-year treasury note yesterday moved in a risk-on way we saw the yield on the ten-year tick up nicely, close to 2.4%. hitting 2.39 around the close. just a bit of buying of the bond market this morning, pushing that yield on the ten-year down to 2.38% let's look at marke

talks to buy parts of twenty first century fox however fox is also in talks with comcast twenty first century fox is run by the murdoch family as most of us know if the deal goes through with disney it could possibly split up the family but reel in billions of dollars and if the deal with comcast goes through the department of trust the tarp department of justice the antitrust division could stop it here's our t. correspondent ashley banks with more ashley if the deal is a reach it will be the latest and major mergers and could be worth more than sixty billion dollars it would reshape the media landscape giants like it disney and comcast are trying to.

comcast shares up by almost is%. what does that say in terms of shareholders' willingness to say let's do a deal. >> i never felt as if comcast was the right buyer. i still think and think that the stock has been slowly moving higher and higher. we even saw that move today over 106. 9 strategic fit is what was brought up it's a strategic fit does work i think very very well with disney i own both stocks, and i own comcast, because they felt like they would be the loser, and once then get pulled that stock will go higher the reason i say that is, who are they going to buy next what are the circumstances and what is the best fit for comcast in terms of what their portfolio looks like >> guy, you have always made the case this deal or. >> i think it still is it ices comcast out. >> i still believe they have 30% ownership, but i think disney will have -- i think disney probably has 60% if this deal were to go through what does it mean for comcast? i think it rallies off the back of this, but i also think valuation-wise, comcast is not a cheap stock. as a matter of fact, disney is actually cheaper. >> would you rather -- >

as a major victory for the american public and the economy. vonnie: he preannounced he was going to be signing at on twitter, and he is thanking companies such as at&t, comcastr spending. marty: that turned out to be a very strategic thing for these companies. they clearly had this in mind days before the bill was passed, and were ready to pounce when it was passed. at&t is in the midst of an acquisition that they really want to see get accomplished. vonnie: comcast and boeing may also want to be. marty: this is a very transactional president. you scratch my back, i'll scratch yours, is i think the theory at work. mark: marty, the stopgap spending bill -- it takes into the long grass, or at least for a few weeks. long-standing issues. -- how dong, daca those issues and others which i have not mentioned get resolved? marty: they are not going to be resolved in the next three weeks or two weeks before congress comes back. they just punted this because they could not reach an agreement. besides i are getting even further apart from each other. january 19 is going to be a very extraordinary day, if they are able to come together. they are going to need democrati

. >> parent company is thought to have been one of the beneficiaries as well, comcast is up less -- >sdaq is not doing that strongly i have to warn people, if it's not doing strongly, that may be where you have to be in the next few days there is a move -- into -- out of the cloud today and yet i think that's poorly timed. we've got red hat this weekend a lot of people very controversial. it's a billing stock that got a lot of positive comment. vmware, breaking out, a fantastic company. those who really are betting against the cloud, forget it then david, roku could you tell me what's going on with roku is that underpriced? >> is it still heavily shorted too? >> i think they shorted -- >> covered that. >> i think people didn't understand when a new company comes public, you have to be careful shorting it. the stock is not distributed well but roku and block chain. >> don't forget. >> every morning. >> is there an analyst behind it >> i'm not familiar with the sponsorship. >> i'm -- i like saying it. >> it's spelled with two "fs." had to be a bands before it was a company. >> it was a

is the issue known as net neutrality. at its heart is the principle that companies like comcast and verizon in the us, or bt and sky in the treat all internet traffic equally. so companies can't pay for their websites or services to be faster. and there's been a major campaign to keep things that way. this is an open letter to the us regulator. it was signed by guys like vint cerf and sir tim berners—lee who helped create the internet. along with big names like apple's co—founder steve wozniak. but the chairman of the federal communications commission, this man ajit pai, is not convinced. he says removing government regulation will boost innovation. he's also said "the hysteria has reached a pitch which is completely disproportionate to the facts." yogita limaye has the latest from washington. just a couple of hours ago in the building behind me, there was a vote and three people were for repealing these rules and two people against. what has happened is regulation which ensured internet service providers in america could not charge different prices for different websites, but regulation has been removed. this is not a ru

i understand that disney, as you report, is the frontrunner, but if at&t/time warner goes through, could comcast catch up there? >> reporter: they're not going to wait that long. my understanding is that fox would like to make a decision on this sooner rather than later. and again, as i reported yesterday, perhaps as soon as later next week. so you may see some board meetings in the not too distant future that would not give comcast enough time to prove that case, so to speak, if time warner and at&t were to succeed in going ahead with its deal and defeating the government you could make some arguments on antitrust on the disney side disney and fox together in future years could represent 50% of the film production output. the regional sports networks added to espn, could you make a case that maybe that's got some competitive issues there's no shortage of them to be had but it does appear at least the comfort level is higher on the disney side. and that at&t deal or court case would still be some time away before they make their decision at fox >> david, thank you. david faber joining us from th

is not going to destroy the internet it is is not going to end the internet as we know it it is not going to kill democracy. >> internet providers such as comcastrizon, at&t, and charter are expected to benefit from loosened regulation which would open the door to charging companies or consumers more for higher quality streaming cnbc's parent comcast reassuring consumers and customers that they won't see higher prices saying, "today's action does not mark the end of the internet as we know it rather it heralded in a new era of light regulation that will benefit consumers. "internet giants including facebook, netflix, google, and twitter opposed net neutrality's repe repeal sheryl sandberg posting on facebook that the fcc's decisio to end net neutrality is disappointing and harmful. netflix saying it's disappointed in what it calls the gutting of protections. saying, "this is a beginning of a longer legal battle. netflix stands with innovators, large and small, to oppose this misguided fcc order. that legal battle is beginning new york attorney general eric schneiderman tweeting he'll sue to stop what he calls the fcc's legal rollback of net neu

is at the comcast scepter lo -- center. this is our newest building in philadelphia. as you can see it's about 1,121 feet high. the clouds are at abiliout 21,000 feet high. temperatures right now, it's 39 in park side. fox chase at 39 degrees right now. it so we have the high clouds from the dcomcast center. they are very thin and very few and far between. we have a nice sunny day on the way. we do not have sunshine in the midwest. that first storm will bring us milder air. tomorrow 54 philadelphia. it is 50 south jersey. that's the mild day. we'll have rain coming in here. it looks like friday night into saturday. let's start your on the tracker. by 7:00 maybe patchyrn drizzle. saturday you wake up it's a cloudy sky. the best chance of showers are in the afternoon. then we'll see the changes ahead in the ten day forecast. sunday looks quiet itself. as we head into christmas day morning there's a morning threat for snow. glenn and i will be here giving you the latest update. 31 on tuesday. here is our segd dare potential of snow heading into the second part of next week. that could be a bigger potential. we'll

is following the takeover battle for parts of 21st century fox. comcast continues to pursue 21st century fox assets, fox continues to view disney as superior bid. ng those reporting this — china's debt levels pose stability risk, says imf. the lender says reforms haven't gone far enough and notes similarities to the us in 2008. and on bloomberg, avocado surge over! it says "guacamole fans take heart — the price of avocados has fallen more than 50% since thejuly peak." and don't forget — let's us know what you are spotting and don't forget — let's us know what you are spotting online. use the hashtag #bbcthebriefing. a quick look at the markets, a better picture than this time yesterday, japan over 1% after its 296 yesterday, japan over 1% after its 2% fall wednesday. that across asia are bouncing back after a realfalls for asian share markets. the longest losing streak for more than two yea rs losing streak for more than two years was marked yesterday. i will be back in a moment. the number of patients experiencing long waits in accident and emergency departments in the uk has more than doubled in the last four years. research by the bbc found t

is what comcast has so there is logic for that combination. they like that spot that allows them to bring in other providers as well.form that offers the user a lot of flexibility to go beyond the basic cable experience which more and more users are cutting the cord on. in an environment with -- where there competing with fast-growing companies like amazon, netflix, for the viewer experience, that kind of technology-based can be valuable. ares: regulatory issues always a perennial issue. do you think it will be disney as the better suitor versus comcast -- comcast? when it comes to the regulatory hurdle? disney it manages they are not big in the distribution business and the u.s. justice department is signaling with its opposition of the at&t time warner deal that it does not like the idea of district readers combining with suppliers. that does push the price of programming up my something that is inevitable in today's market. there are signals that could be opposed. these are big players. what we are talking about is all three major empires that have grown from acquisitions. they will, any combination of these will

policy meeting of the year as markets see a rate rise is a foregone conclusion. .ox in the mouth walt disney said to be near a deal for the good chunk of the murdoch empire as comcast of the race. welcome to surveillance. i am mark barton. let's check in on the markets, one ho

is worth an estimated $2 million. anheuser-busch has ordered as well.production is set for 2019. the tesla trucks could generate as much as $3.5 billion in annual revenue for the company. comcastrs fighting the obama era internet regulations known as net neutrality that kept it from charging web companies to boost their content's fee. now the cable company says it will not do that if the fcc repeals the rules later this week. in an email, a spokesperson said any reporting of privatization is inaccurate and false. apple became a public company 37 years ago in 1980. steve jobs was 25 at the time. the company sold 4.6 million shares at $22 apiece. since that first day ofapple be7 years trading, 49,000%re up more than thana market cap of more $800 billion. coming up, the winklevoss twins may have missed out on becoming facebook billionaires but now bitcoin has been joining the than $800 billion. coming up, theclub. who else's in the ranks? that is next. check us out on the bloomberg radio app, bloomberg.com and sirisusxm. this is bloomberg. ♪check us out on the bloomberg radio ♪ >> i am alisa parenti. you are watching "bloomberg technology." huckabee sanders defended president tru

is significant. comcast already owns regional sports networks as well. that argument seems to be falling on -- i wouldn't today deaf ears, because they're still talking to both sides, but it seems to be a little bit less helpful to hear, is that what i want to hear, on the comcast side >> david, great stuff as always. i hope it wasn't your wife >> what's that it was >> you said it wasn't important. >> i can talk to her any time. some of these other people, kelly, they don't call back once they call once >> david faber, thank you. >>> shares of lululemon and broadcomm rallying we have the latest on those results. what are the ingredients of a life well lived? is it the places you go? the things you own? or the people that fill it with meaning? for 150 years, generations of families have chosen pacific life for retirement and life insurance solutions. protecting what's most important to you. that's the power of pacific. ask a financial advisor about pacific life. >>> broadcomm's conference call in isjust a couple of minutes we'll tell what you to listen fo

as possible. charles you talked about some of the bonuses that companies are giving out, at&t is one and cvs actually specifically said we're going to hire more workers , a lot of different companies comcast included at&t as well talked about investing billions of dollars in infrastructure so all of these companies they just want to avoid that fat cat label, nobody really wants to see this return of the 99 versus the 1% so the companies are saying you gave us this tax break on good faith we're going to invest like we're supposed to we're also going to give money to middle class workers, even apple has made vague noises about hiring more people in the u.s. , so i just think this is very if i were running corporate communications for any big company this is exactly what i would be saying. neil: i wonder if there was an understanding, gasparino that look the republicans would tell the ceo's we're really going nuts here for you. you better do something and more than just buying some stock. >> i just want to say that see if ben picks this up that nancy pelosi is being very abbynormal. do you get that ben? do you get it? normal brain scene in young fran in stein but in any event, listen. neil:

is really the value of a financial advisor. >>> stocks hitting record highs as the central bank kicks off its final meeting of the year. >>> comcast is out the media giant dropping its interest in 21st century fox assets >>> and raising the red flag on bitcoin. one of the earliest investors in the cryptocurrency is starting to get worried it's tuesday, december 12, 2017. "worldwide exchange" begins right now.

is better prepared and citizens will get back to their lives as quickly as possible. the house of representatives is coming in now. special thanks to our partners florida, ssee, comcast, down there, stay tuned raleigh, xt stop in north carolina on the "50 capitals tour." we take you live to the floor of the house of representatives. the sp rteor urt toheder t housf ja 3201he airill w coize members flist sub by the moran eader morninr te the chal rogtion between t l time shall bequally between therties and n no event shalle cont beyon:5m. acmembertherhae minoritern dority whiplle d to fe minut gentlewon fromaschetts, ms. clark, for five minutes. ms. clark: thank you, mr. speaker. next week is the fifth year anniversary of the horrific shootings at the sandy hook school in newtown, connecticut. and for a brief moment it looked like we would actually honor those victims by voting on a bill that would improve background checks to keep guns out of the hands of dangerous criminals. we should never have gotten our hopes up. there is one winner in the house and it's the gun lobby. the majority has combined a background check bill with a bill that helps move forward the gun l

is companies report the fourth quarter and the first quarter. companies are raising prices or have room to raise prices as well. i am thinking about comcastng prices for some of its service packages in the miami-dade area as they have publicized that there giving their employees a $1000 bonus. question, is the big the corporate tax cut can go to shareholders or customers or employees. what do they do with that? comcast and some of the other companies like at&t came out and they are saying we are doing a $1000 bonus for our employees and raising wages but there is a still -- there is a question and it makes it harder to do an analysis. how do they spend the money? matt: there is still a lot of guesswork going on. julie: we will be looking for those announcements in the next couple of weeks. matt townsend has been on top of the tax situation. we will speak with james rhee, the key to the clothing lines come back after filing for bankruptcy twice. this is bloomberg. ♪ jessica: let's get to first word news this afternoon. dozens of president trump's nominees for key positions of federal agencies will remain in limbo until after the new year w

that, so he decided it would be better to get rid of the businesses and start talking to comcast as well and verizon iso in the picture. disney won out. it also means they get to have a stake in it. james murdoch, his birthday was yesterday. >> what were the main sticking points in the negotiations? what is a part of that? that out.ed to sort he is 86 years old and wanted to make sure his kids are in the , will probably run the rest and there is talk they .ight want to merge that >> walk us through the transaction of stock and debt or how much debt will he take on and who will get what in the deal? >> it is an old stock offer. that is being funded through .hat . i have to double check on that. >> story for century fox in negative territory. headlinesow, bringing , disney ceo joining us at 9:00 in london. do not miss that. turning to our other big story of the day, keeping rates unchanged as expected. it will be about an economic update and what we see for 2020. joining now is the mortgage -- morgan stanley chief strategist. do you see a tightening bias next year? risks, the single biggest for next year

is bringing into the industry. >> you're framing this as to why this makes sense for disney. one could argue it makes sense to comcaston in terms of 9 deals and offers on the table, is disney's the best in fox's eyes >> we believe that is the case the reason for that is that disney's offer, if you analyze the regulatory anti-trust scrutiny which is severe in this industry which is already heavily consolidated, that probably has the least regulatory hurdles to getting done comcast already owns nbc universal and expanding further it will be difficult to get this sort of consolidation through regulators if you think about what's going on in washington now with the at&t time warner takeover, that's a deal that we thought a year ago would have had regulatory scrutiny, now considered a vertical merger and something that will potentially get blocked by the u.s. government if i'm tracking a transformational deal if i'm fox or accepting disney paper in an all share deal, i need to have spree supreme confidence that this thing will get through i will expose my business for 12 to 18 months through a long regulatory process the

this is seen by experts as a big win for companies like comcast, at&t and verizon and a setback for tech companies. >> this decision puts the federal communications commission on the wrong side of history, the wrong side of the law. and the wrong side of the amrican public. >> it is not the job of the government to be in the business of picking winners and losers in the internet economy. we should have a level playing field and let consumers decide. >> net neutrality required internet service providers to treat all online services equally, to keep them from charging more for some websites and apps. >> there is growing repeal. >> live in san jose with that part of the coverage. >> officials are worried about how this could be, how this could impact everything from public health to innovation in tech. and they're not wasting any time in addressing their concerns. in santa clara county, officials are taking a stand. >> there's no legitimate basis for the fcc to reverse the obama era rules that were documented. >> the county council now preparing to file a lawsuit against the commission. >>

as a side not on the politics we have the fcc chairman on our air. he is a libertarian and argument i have to cover both sides as the companies such as verizon, at&t and comcaste an argument they are not investing more in the infrastructure because they don't get anything about it. he is seen by lifting from a voting repeal petrology rules, they'll have more incentive and particularly highlighted areas either poor or very much in the country and poor that are not being served maybe as well as the metropolitan areas. one thing is sure, we are just lining up now and the lawyers on both sides. neil: not too long ago when i had him on, we were talking about ajit pai, his big thing was you cannot look at the internet, a high-technology beast and treat it like a pickle utility or like your local utility that provides your electricity or whatsoever whenever that would slow down investment to your point is that has slowed a little bit. the flipside of that is for average folks who have a basic rate for internet service no matter what kind of service they have, and now there is going to be feared service. i can picture big digital demands and the like are faster strea

and their community as is boeing and other companies because this is how economics work, they are on the wrong side of history on this. >> hundreds of thousands of at&t and comcast will get $1000 bonuses. and bonuses to 14,000 workers and boosting minimum wage to $15 an hour. wells fargo hiking those pay rate starting next march and boeing will invest $300 million in facilities and employees training and education so hopefully that just the beginning. the american people confused what they are getting in the new tax package and money going back into their wallet. paul ryan is blaming democrats for that and they are out of salt on the tax reform package. >> when people are bombarded with that kind of rhetoric no wonder they are confused when they are bombarded from rhetoric from the left and a lot of people in the media, this is going to raise their taxes people are going to be confused. this is the kind of debate i'm told had when reagan passed his tax reform and pulling before they passed it 18% of americans thought they were going to get a tax-cut so this is the hyperbolic rhetoric you have when we are doing monumental reform which lets people get more of thei

as this week to acquire large piece of 20 century fox. that's according to a person familiar with the matter. that comes after comcast said it islonger in the running. fox's wants to acquire movie and tv production and networks. this includes u.k. provider sky. powered by more than 2700 journalists and analysts. you can find more stories in the bluebird -- on the bloomberg at top . we are seeing the nikkei down by .3%. we see little bit of money coming out of tech players. that had an impact of the taiwan market. down by sole market half of 1%. however we saw in a -- we saw a rally in energy players. we had some banking players move. thees were suspended above announcement. we are waiting for a press conference from sydney. matt: thanks for a much. the fomc begins its two-day policy meeting as it makes its final monetary policy decision of the year. with a hike virtually certain, investors will be focusing on the central banks outlook for next year. janet yellen will be expected to signal more interest rate increases were next year. join us now is our expert. ?o you think it's a sure thing what do you expect the outlook? it

as the 1990's. is ane are seeing now even greater consolidation where they are buying content. comcast owns nbc. at&t owns directv. it is now trying to buy time warner, and fortunately the trump administration is trying to block it. now have a greater incentive to preferred content that they own over others. these rules going away is just an extra -- it makes it easier for the companies to make even greater profits, and to edge out independent voices and competition. steve: in the interest of full disclosure, c-span is fully .unded by the cable industry a few pennies each month of your cable bill provides the funds that we use to operate three networks, our radio station and the websites. we thank you for that. abc's "jimmy kimmel show," this on net neutrality. the fcc did something absolutely despicable. they voted to put an end to net neutrality. it says everyone has equal access to the internet, whether a big company or someone selling crocheted owls from their house in the midwest. as long as they are telling us providers, service will be allowed to slow down or , whichock traffic benefits t

, curt it's striking that if msnbc was bashing the tax cuts as doing nothing for jobs and wages in the economy, their parent company comcast is planning to give out $100 million in bonuses to workers and invest $50 billion in jobs and expansion so what's going on here curt? >> well look, this is great news , liz. this is terrific news and i've got to say it's not just big companies like comcast. i gave out bonuses yesterday to a bunch of my lawyers, the great team that helps make us a success and why was i going to do that when a blue state lawyer will have real problems with this? because i know the economy is going to boom. i know we're going to do great in the next year and i'm starting to feel something that you and i probably haven't felt in decades and that's excitement that's the energy of a booming economy. it's coming. i can feel it and the political enemies of donald trump and the conservatives in congress want to step on that and they want to stifle it and they want to stop it because they chose the truth. free enterprise works and that's what we're back to. liz: you know, two banks raise the minimum wage moving fa

as strong pools. that is number one. number two, it illuminates the rules against internet service providers like comcast and at&t blocking, throttling internet traffic, and allowing for what is called fast lanes. charging online providers to get to the consumer faster and at better quality. thirdly, this is really important, it preempts or prohibits the state from protecting consumers and competition with similar rules. this is a very radical departure from 20 years of both republican chairs saying fcc we think the fcc has the authority to protect consumers and competition, and we think we should do something about it. i disagree with commissioner carr's revisionist history. host: during your tenure at the fcc, why did you feel it was necessary to have title to -- two for the internet? -- the d.c.ceased court of appeals overturned the chairman's rules, he had net neutrality rules grounded in title i. they were pretty strong, i did not agree with all of them, that they were pretty strong. when i was at a nonprofit, he supported the fcc in court. but the court said, i am sorry, you cannot have these strong rules under titl

as eye care or hear other aid centers. right now the deal's impact on prescription drug prices is uncertain. >>> and comcast business is investing $13 million to expand its fiber network. the plan is to help bring more affordable service to area businesses. the company says the ex-paparazzi will add more than -- expansion will ad more than 120,000 miles of fiber optic cable across philadelphia into king of prussia, south jersey, and delaware. comcast is the parent company of nbc10. >>> gas prices across our area are at their highest levels in nearly three years. landon dowdy has the cnbc business news with a look at when drivers can expect some relief. >> reporter: good monday morning. aaa reporting the average price of a gallon of gas dropped three cents nationally over the last week, making it $2.48 a gallon. philadelphia higher at $2.73. the state of pennsylvania came in at $2.75. prices at the pump haven't changed much following record-breaking travel volume. aaa expects prices to slowly decrease throughout the holiday season. colder temperatures and online shopping will reduce demand for gasoline. aaa says you can expect th

is a big part of the s&p. >> last week we saw the action in names such as comcast, our parent to use one example of what is largelyomestic tax paying company that is a beneficiary of the rate going lower as are others. that stock was up dramatically last week. >> there's always a second wave of people that didn't understand and felt it wasn't going to pass. >> this is out of credit suisse. tax bill winners, with a high effective tax rate, among them, humana, broadcom, amazon, aetna and cvs in the top 20. >> you do have this possibility of a second leg of a retail rally because are the ones that really win i've been focused on the macy's by four points, at jmp, what matters is you get these stocks that have been written off we'll talk about vcs and they come back to life with cold weather and people just say, you know what, these things got overdone to the downside because of amazon. >> what do you think of goldman saying it's going to eight three tenths to growth. >> goldman has become eh about everything, i'm not in the eh camp. >> although i think pretty much every economist who has been asked has said it's not

other firms at&t and comcast promise $1,000 bonuses. that is worth highlighting as a win for them. >> yeah certainly. and these are companies facing pr battles, wells fargo among them, this is a way to get good press for themselves. and republicans are running with them p as they should, this is real money for people. republicans are facing pr battle. we talked about how unpopular this bill is. democrats are already planning to run on this in 2018. republicans are kind of banking on the fact that people will view this more -- this will become more popular once people see these changes, see some kind of changes in their withholdings. they estimate in april or so. but, again, it remains to be seen whether this will be a motivating factor for the republican base. i mean, the republicans have a lot of accomplishments to tout at the and of this year, the tax bill, but also judges and other kind of executive things. or whether this is something that really just rallies up the democratic base. that's what democrats are seeing. you are seeing that reflected in the generic p

is also referred to as the open internet. today the fcc is expected to repeal net neutrality which would mean companies like at&t and comcast will be allowed to block or slow internet traffic. >> if you want to access facebook, we'll charge you extra to access facebook or access social media in general it will cost extra. you might see different speeds. >> reporter: the chair calls the plan hysteria and more infestment in high speed infrastructure. sonic is against the repeal and says it is for a free and open internet. at&t and verizon said they support an open internet but do not support the current ftc regulations. the hearing starts at 7:30 this morning. reporting live in san jose, matt keller, abc 7 news. >> matt, thank you. we are live this morning as a memorial continues to grow for the late mayor ed lee. now we know the city's plan to honor him. mayor lee's body will lie in state at 8:00 a.m. to 7:00 p.m. tomorrow. the public will be allowed to pay their respects to the mayor who died early tuesday after suffering a heart attack. a memorial celebration will be held at 3:00 p.m. sunday at city hall. it is also open to the

is there for you. >>> breaking news. temperatures are dropping as we take a live look at city hall from our camera atop the comcast center on the left side of your screen, temperatures across the region right now. we have issued a first alert for bitter cold until tuesday morning. first alert meteorologist glenn schwartz. if you're heading out, be sure to check road conditions before you leave home. >>> pictures from an ice rescue in camden county today. carefully, they inched their way out to a hole in the ice on newton creek in oak glen. at one time, two fiefrlts were completely submerged in the water but look at what they retrieved. a couple of neighbors called for help when this dog was seen walking on the frozen creek. great work by the crew of station 18. >>> look at who was enjoying the snow. beach front in sea isle city. the 73rd street beach as the snow was falling this morning. just a reminder, it is a violation of federal law to approach, touch, or feed or harass seals in the wild. >>> a crash involving a police car leads to a chase through three states. where the pursuit came to an end. >>> it's going to be a

> well, i think both at&t and verizon as good examples, and comcast, started on the distribution side and actually moving in to have content as part of that play isremely important, because distribution gets more and more commoditized over time. so i think all of them believe in it. i don't think they feel they are forced to do it. i think they see it as the next step for their businesses in order to continue to create shareholder value. >> maggie, when you look at the fcc's moves last week on net neutrality, how should investors play that? consumers clearly very concerned that isps are going to take advantage of them in this situation. what's your take >> i think it was a great move on the part of the fcc, because the net neutrality rules that were put in place were, as you know, prehistoric rules back from the old telecom days when it was a full monopoly we're in an environment today where it's very competitive, and if you look at the track record, even before those rules were put in place last year, the track record of the distribution partners were not about throttling or discriminating against content. and i think all of those leaders have c