brian roberts took great offense to this.y gives comcast this transatlantic global clout he always wanted. >> one of the things that is so fascinating to me about all this is you have rupert murdoch, bob iger, and brian roberts. all kind of mixing it up. the past few months culminating in this deal. how does roberts, as an executive and a tycoon of sorts of media, come out in all of this? >> in some ways he has risen up on the stage. rupert murdoch for decades has been the globetrotting media mogul around the world and is now bowing out a little bit and selling assets to disney. this is a chance for brian roberts of comcast to step up and claim that mental along with disney. for brian roberts, he tried to buy disney. that did not work out. he came in and tried to buy fox ss. this is a victory. he finally wins one of those deals. at the same time they are paying a huge amount of money for this. >> sanctions only work if they are in force. why the treasury's tough talk is falling short. >> who pays for the tariffs? president tr

brian roberts tried to buy disney and that did not work out. disney beat them on fox.tory. he finally wins one of these deals, but they are paying a huge amount of money. carol: ahead, sanctions only work if they are enforced. why the treasury tough talk is falling short. jason: consumers may bear most of the cost of president trump's tariffs. carol: this is bloomberg businessweek. ♪ ♪ carol: welcome back. jason: join us every day for bloomberg businessweek from 2 to wall street time. 5 p.m. carol: you can also find us online and our mobile app. jason: sanctions have become the economic weapon of choice from iran to russia. at least rhetorically. carol: a crucial element is missing -- actual enforcement. >> the u.s. has put in place several new sanctions in the last year and a half but the actual enforcement of the sanctions is on the decline. when the companies that have been violating sanctions, there has been less enforcement. with almost three quarters gone, only one case has been done this year. compared with historically, we have data from the last 15 years they

do not take it from me, check in from our special guest, brian roberts, the ceo of comcast, who happensy boss' boss' boss mr. roberts, welcome back to "mad money." great to see you welcome home and glad to have you back >> thank you for making home precious and fabulous. let me ask you, seven months ago, a game was played, a 60 minute game. i think that game, and its outcome changed the city that your family's from and my family is from. i know it was 41 punts us, 33, them do you feel it how can one game change a city so much? >> you can feel -- and everyone is so excited tonight coming back with our friends' super bowl ring and it just means you're the world champion. for philadelphia we've been starved my whole lifetime. we've been to three super bowls. this was it. being on nbc was pretty special, just icing on the cake >> we're business people i searched for a metric, some measurement that would indicate how much more valuable our great city is than it was before that win. how do we put it >> you're great at figuring that stuff out. i'll tell you what we did. we put a william penn s

better life. >>> welcome back to fast money she sat down with comcast ceo brian roberts. >> we're looking for value opportunities and looking for strategic fits and we have a management team that likes to build shareholder value. so sometimes when we see something, we by definition, you're the high bidder at that moment and it takes a little while to convince people and you have to prove it, and i thin we've done that and nbc is the best acquisition we ever made. at the time we were a cable company and we saw content being more valuable over time, and now, of course, everyone wants to get into content and they're looking for what we bought eight years ago. nine years ago so same thing, we think, can be true in international and it can be true in connectivity and broadband. our job is to be one step ahead and eventually come to the investors and try to make the case once we've got the goods to prove it >> so are we in for a flurry of media deals? of course, that comes as david faber reports that they could be coming to some sort of agreement which might free up cbs? terms of the media land

when you are comcast and the yo are brian roberts, the way you view the world is i am going to do theest for the position of the company not only for the next year or everyone n 30 years that's the way they have operated or continued to you may see comcast with 4.5%. that's not the way they run the company. the way they run the company is trying to figure out what is going to be best position in terms of from a competitive landscape over the next five, ten or many more years after that it has worked. >> well, david, it is important to point out and our viewers may not remember when comcast bought nbc universal, it was viewed as not being a bragreat opposition you are being over paid and down 7% some could argue being down 4% or 6% or visibility of a couple of downgrades. the pattern and again, we have to talk about how much more they paid than a week ago >> without it eventually they'll have to buy back yeah, it is a lot. 10.75. one of the lessons here and i said this on friday, if ru you in a position to sell the company, it is helpful to have a second bidder. when you this i of the

we'll hear what comcast chief brian roberts told jim on "mad money.ake another look at the remarket s&p and nasdaq down for the week and futures suggest we might wipe out the dow's gains for the week, as well. back in a moment 6- oh, and there's the closing bell. (sighs) i hate missing out missing out after hours. not anymore, td ameritrade lets you trade select securities 24 hours a day, five days a week. that's amazing. it's a pretty big deal. so i can trade all night long? ♪ ♪ all night long... is that lionel richie? let's reopen the market. mr. richie, would you ring the 24/5 bell? sure can, jim. ♪ trade 24/5, with td ameritrade. ♪ >>> brian roberts of comcast speaking out about the changing media landscape last night on "mad money." he told jim he's disappointed with the decision to walk away from a bidding war from parts of fox. >> that's one of my disappointments this year is fox and sky triggered by rupert murdoch's decision to sell the company. why wouldn't we look at it we found it was undervalued. we put in a price, eventually disney offere

what can brian roberts take from sky and bring back to the u.s.ast that he might be able to learn to help make this deal worthwhile? really, it is a 135% premium to the price. it is a massive premium to the price from a couple of years ago. ian: i think the thing to bear in mind is the reason they are taking sky is because of the european market they want. in terms of u.s. market, the reputation of pay-tv in the u.s. market is generally next. if you look at what sky has done in the u k, they have -- u.k .k., they haveu faced netflix. you look at the churn rate. it is coming down. they have managed to grow. that, they could make the back-office more efficient. i think you will see brian roberts say what can we learn from sky? let's bring it to the u.s. guy: you are sounding more positive than i anticipated on this deal. 8% in u.s.down 7% or trading. do you think this is an overreaction? do you think this is a good deal for comcast? therefore it is an opportunity to buy into the stock? ian: the reaction is completely understandable. the market, as y

to be honest, this is an extension of a personal battle between bob iger and brian roberts.hey have been fighting it out for almost a year. disney won over the bulk of fox assets, but this is the last remaining bit that fox doesn't control all of yet that's why it was left out of the rest of the deal, and brian roberts doesn't want to get up finally they have said that's enough, you have been fighting it out for months, there's an auction and you have three rounds have at it the big winner are the murdochs. they will cash out on this they don't care at this point who wins they'll see themselves with more cash in hand than they would have at the outset >> i fwets tguess the other opt they could bow out they don't want to get into a bidding war. but if they stay in, 5:00 on saturday is the time this will be fascinating to watch. peter, always a pleasure thank you. >>> on deck on this very busy thursday, will today be the day the dow stomps out a new record high but first assessing the damage north carolina residents are returning home following hurricane florn hurricane floren

sky is now the new focus my guess though, brian roberts, is not going to address that that's more oright? don't want to talk about acquisitio acquisitions i know you will ask. >> in the end when you have the nasdaq up 16 and you have comcast down 9%, you have to find a narrative which just says the comcast should be bought and perhaps, david, when they do a deal, their stocks go up when they don't do a deal, they're at the mercy of people sayi saying wow, video and very adamiada a damming narrative and the reason is people want netflix. i just saw the sign up sign ups going up there and sign ups being okay broad band, and my kids don't know about cable i don't need cable anymore i just want broad band i have to inform them that's cable. they don't want to hear. you are too old to know what cable is i work for cable >> i know. >> broad band is the key product and we have been making that point a long time. it is a high margin products there is concerns of court cutting and the numbers themselves showed a lack of weakness recently. it will continue to be a concern because of your kids

there's still some unfinished business in terms of the pro celebrity death match, brian roberts wins. takes sky at 17 pounds 28 p, guys >> jim cutmore joining us. we're going to talk about this probably a little bit more today, jeff. thanks for that report larry haverty joining us larry, you concede this is a rich price i think you've -- you thought maybe we'd see a 5% drop in the shares of comcast today often which you say you would buy on any dip? >> yeah, i think so. if you look at the history of comcast, joe, they've understood two things and sky has really understood two things and they've been the same thing. one is the power of sports and two is the use of leverage so let's take leverage first we're in an environment where rates are very, very low comcast has grown consistently by acquisitions, not the least of which is nbc universal, and they've always used leverage the relationships here are ver comfortable, the rates are low the cash flow coverage of interest is going to be good the leverage is not really a question that the management is confident in that. the other thing i

>> some of the people around this deal i have spoken to said brian roberts had to do this. think it does show in the price paying 17 pounds, a handle i don't think i've seen in any analysts' reports. people were surprised. that is revealing. and the share price today like $12 billion wiped off of comcast by some estimates. so i think that kind of supports the idea as well that he had to do this deal after losing out on some others and he, himself, has said that it was -- it had become an important asset. maybe disney. i think, you know, from what some analysts expected is that rupert murdock might have liked disney, to stay within disney and murdock is a big voice in disney going forward, the biggest outside shareholder but ultimately he is a pragmatic businessman and selling to comcast at over 17 pounds i'm sure, you know, we'll see what happens with the rest of the fox state but it is clear he has to do this and whether he'll be proved right we'll have to wait and see obviously. emily: in 30 seconds what is the bull case that this is a good deal for comcast? >> that being

but i am telling you, brian roberts is watching this.ump considers comcast public enemy number one. he's said that privately and he's essentially intimated that publicly. the line in the sand for comcast is essentially being drawn in this at & t battle. they are saying we don't want you to get bigger. what really is kind of interesting to me is will the government fight them buying sky. do they have jurisdiction. you would assume they do, right? the doj. i wonder if the government will come in and say, the federal government, the trump doj, we don't want you getting bigger even with the purchase of sky. i just wonder if they could prevent that. lauren: then you are dealing with a different regulator also, overseas. >> you are dealing with two regulators. here's the real thing. people aren't taking that into account when looking at the comcast bid for fox assets overseas. if they get those assets, obviously sky, which is a fox asset overseas because we own 39%, we are trying to accumulate it, give it to disney. if the government really do

watch an amazing exclusive with comcast ceo brian roberts.orrow is the countdown to kickoff for thursday night football we want you to be there with us, or at least in spirit. i like to say there is always a bull market somewhere. i promise to try to find it just for you right here on "mad money. i am jim cramer, and i will see you tomorrow >> welcome to the shark tank, where entrepreneurs seeking an investment will face these arks. if they hear a great idea, they'll invest their own money or fight each other for a deal. this is "shark tank." ♪ i'm from trophy club, texas, and my business is inspired by my beautiful girlfriend. i'm 11 years dusty's junior. and when i started dating dusty, it just clicked. getting the taste of dating an older woman, i-i noticed so many more attributes that she has, opposed to a younger woman. she's respectable, she's playful, sexy.

well if you listen to brian roberts the head man at comcast he says that sky will operate independently me with the backing i get all choked up when i say these kinds of figures with the backing of a one hundred fifty billion dollars company which is comcast he pointed out that all their businesses he likes the leaders to act independently he favors entrepreneurism and also he favors the spirit i should say and the fact that everybody has their own input decentralization is an important part of the company i have to feel that and by the way he also speculate that the head of sky will remain on so all these statements and actions do indicate that sky will maintain a great deal of independence but because as lionel correctly pointed out obviously owning n.b.c. universal and being that it's such an important get for comcast for the future of n.b.c. going forward i can't help but think and call me a skeptic that they will you know have their hands and noses and faces in there and rightfully so to an extent because it's not just another business it is key to a big part of their business surv

and brian roberts' knockout blow, transforming his business -- with hisxm purchase of sky.xm purchases pandora. david: i am david westin, with alix steel. monday fortle m&a you. soft mist the rally last weekend the s&p, was it tactical or sustainable with futures off by five? euro-dollar pretty much flat with deutsche bank saying you will want to buy euros and sell sterling. and the selloff in the bond market moderating but still holding yields up one basis point and crude at the highest level since november 2014. david: trade tensions between the united states and china are growing with mike pompeo signaling on fox news yesterday that the u.s. is not going to back down. >> the trade war by china against united states has been going on for years. here is what is different in this administration. to the extent one wants to call this the trade war, we are determined to win it. david: and china is warning against any further tariff threats, saying "good work for a trade talks is always open, but negotiations must be held in an environment of mutual respect. negotiation's canno

for brian roberts, this might be particularly satisfying.after a string of setbacks including his own attempt to buy it before he was outbid by disney. after clinching the deal he said "this is a great day for comcast." now roberts is on the cusp of laying claim to a tv and digital empire that has a footprint across half the globe from the western u.s. to western europe in germany. this would double the cable giants number of tv subscribers. sky has 23 million customers across europe, which means comcast would have about 52 million people in total. the deal would also help comcast hedge its bets better to compete with netflix in the digital space. this is an expensive that, and investors have been skeptical so far. comcast shares have fallen 5% year to date, while sky investors are probably really happy. since therallied 57% start of the year. to seal the deal, brian roberts will be looking to why it on the market. he needs to get more than 50% by october 11 and he already has independent directors recommending the company accept the offer.

>> they are fire hazards >> are you going to wear that and interview brian roberts? thing like that i will be dressing in accordance >> did you hear me about whether we should regulate or not? what are we going to do with these great companies? >> who is going to regulate? a left wing media and right wing media? dolphins no i don't think anyone can regulate they ought to try. that's the problem with free speech and it has been nasty i think the first amendment is going to prevail here. i think the amendment does trump the commerce sack even though some people disagree with that >> thanks, gyjim, i will see yo in a couple of minutes >> stay tuned, "squawk box" will options fees? are you raising your hand? good then itr power e*trade the platform, price and service that gives you the edge you need. alright one quick game of rock, paper, scissors. 1, 2, 3, go. e*trade. the original place to invest online. but you can't. at cognizant, we're helping today's leading media companies create more immersive ways to experience entertainment with new digital systems and technolog

reporter: one would imagine, ceos will be calling the shots on the comcast side, brian roberts, the cfo, advisers. on the box side, disney has to -- on the box side, disney has side,rease -- on the fox disney has to approve any increases. how much do you bid, first round of bidding? the second? it is all a play. they are working out the strategy now. julie: as far as we are hearing from analysis, how are we gaming it? who do we think will come out on top? >> we have done a survey yesterday, which came out saying out of the m&a desks, 17 we surveyed, comcast is most likely to come up on top. the average expectation of 16. 50, quite an increase. it is hard to call. there is no clear consensus of who will win. it comes down to the asset. comcast missed out on waiting fox. maybe comcast will want to get revenge and win sky. it is a hard one to call. vonnie: this really needs to be videotaped. you can imagine the eyeballs it would receive. it is fascinating. not only do they decide on how much, but also the composition of that. how many possibilities are there? reporter: there is a possibili

big gain, up almost 11%. >> in other corporate news, the head of our parent company comcast ceo brian robertshis decision to walk away for a bidding war for 20th century fox. here's what roberts said to jim cramer exclusively on "mad money." >> that's one of my disappointments is that fox and sky, driven by rupert murdoch's decision, not to change who we are, we found it was undervalued, we put in a price, eventually disney offered more and we walked away but people then took that and made a narrative that said we didn't love our core business when, in fact, our core business is having the renaissance. >> stock and reaction actually has been strong. it's been up about 15% off the lows since that news actually happened also roberts touched on the company's next step, where he is looking for new opportunities. if you want to see more of jim's interview, head to cnbc.com. >> we didn't play the part where he views his core business as "squawk box," and then he was talking about the renaissance with -- >> i see. >> is that not part -- >> i missed that part. when did that air? >> was that not part

. >>> comcast's brian roberts weighs in from the mad money set in philadelphia about the state of theack in a couple of minutes.i'm ken own substantial. so i switched to the spark cash card from capital one. i earn unlimited 2% cash back on everything i buy. and last year, i earned $36,000 in cash back. that's right, $36,000. which i used to offer health insurance to my employees. my unlimited 2% cash back is more than just a perk, it's our healthcare. can i say it? what's in your wallet? whenshe was pregnant,ter failed, in-laws were coming, a little bit of water, it really- it rocked our world. i had no idea the amount of damage that water could do. we called usaa. and they greeted me as they always do. sergeant baker, how are you? they were on it. it was unbelievable. having insurance is something everyone needs, but having usaa- now that's a privilege. we're the baker's and we're usaa members for life. usaa. get your insurance quote today. that's confident. but it's not kayak confident. kayak searches hundreds of travel and airline sites to find the best flights for us. so i'm more

of course, including brian roberts. 6:00 p.m.rn time. >> the city in philadelphia. >> thank you making my dreams a reality takes more than just investment advice. from insurance to savings to retirement, it takes someone with experience and knowledge who can help me build a complete plan. brian, my certified financial planner™ professional, is committed to working in my best interest. i call it my "comfortable future plan," and it's all possible with a cfp® professional. find your certified financial planner™ professional at letsmakeaplan.org. >> jack dorsy and sheryl sandberg testified google left an empty chair any dorsey and facebook's samberg, and co-founder larry paige bothy declined to testify. to talk about what it means for google is formerly of the washington post and auth are or the google story. >> why do you think google came? when the king summons you to the castle you show up and google's failure to show up today is going to be seen as arrogant in washington it's the kind of thing that would never have happened at g

. >>> when we come back, comcast's brian roberts sat down with cramer to talk growth, details and aftermathx assets dow is green after 100 point loss rick santelli, what are you watching >> i'm watching interest rates go up. the last time we had a report that generated this much wage pressure was early in the year, and revised away this one may not go away we talk about that with the former chair of w's uncocil of economic advisers after the break. to my parents. psst! craig and sheila broke up. what, really? craig and shelia broke up!? no, craig!? what happened? i don't know. is she okay? ♪ craig and sheila broke up! craig and sheila!? ♪ as long as office gossip travels fast, you can count on geico saving folks money. craig and sheila broke up! what!? fifteen minutes could save you fifteen percent or more on car insurance. the smoother the skin, the more comfortable you are in it. and now there's a new way to smooth. introducing new venus platinum. a premium metal handle boosts control... to reveal up to 100% smooth skin. venus today's senior living communities have never been better, with

comcast's brian roberts. cramer hoping his eagles can pull it off again this year.& pete's, get the fries ready. >>> back from the brink, we're diving in on fannie and freddie a cadede later with tough food, your dentures may slip and fall. new fixodent ultra-max hold gives you the strongest hold ever to lock your dentures. so now you can eat tough food without worry. fixodent and forget it. >>> today marks a bill milestone for the housing market ten years ago fannie mae and freddie mac were bleeding goverm out an too out and took them over diana olick now looks at what the future holds for them. >> reporter: if fannie and freddie had gone under, the housing recovery would look nothing like it does today >> everything worked the housing crisis that team say could last for decades lasted several years and home kriss regainr prices regained value. if anybody said they saw this in 2008 or 2009, they're kidding themselves it's been remarkable. >> reporter: under government conservatorship fannie and freddie drew money in the treasury but were required to pay profits bac

deconan see brian. robert brown stone attorney, sean fletcher. >> thank you. >> steve white and i will conclude by just asking you to e-mail the mta board to support relocation of the inbound 38 to gough and geary. the board meeting is next tuesday at 1:00. >> thank you, very much. any other general public comments? hearing none. any old business? hearing none. new business? item a. requesting authorization to modify the exiting grand agreement with institute on aging for the provision of increasing the center for elderly suicide prevention and grovgrief-related services for programs capacity. during the period of july 12,018th through june 302,019th for $180,000, for a new grand amount of 485,273, plus a 10% contingency for a new total amount not to exceed $533,800, welcome. >> good afternoon. president, commissioners and director mcspadden. i am program annalist. today where here to seek your approval for a modification to i.o.a.s, center for elderly suicide prevention as known as the cesp program. the cesp

4 billion pounds sterling more than disney were offering but, you know, it was something that brian robertso of comcast was desperate to get and it looks like he's going to get his way. >> are you seeing the same level of cord cutting as we are seeing here people simply dropping their subscriptions and keeping the internet is that as much of a thing there as we talk about it here >> not yet, but it's getting there. i think cord cutting in the u.s. is happening on a bigger scale because paid tv penetration is higher in the u.s. it's like 90%. across europe it's much lower, 50, 60%. there's a lot of room for comcast to grow and sky gives them a way to get to customers in a nu skinny bundle way. sky has a package called now tv which is a slim line low cost bundle which has proved very popular. it's been a good hedge for sky against cord cutting the plan is i think comcast will come in and use that to get into other markets beyond the core sky markets. we're talking about across continental europe and possibly beyond as well this is good for comcast. >> you know, it's interesting because soccer

that this deal will lever them up to over three times contrasting view we heard yesterday from brian robertss in his dna to do deals. nbc, where cnbc comes from, one of the acquisitions in the past. it is in their history >> one other topic that comes up a lot is how soon this will start to be accretive for comcast. some of the views out there, the prevailing view is that they may have reached too much on the price offered ultimately to secure the deal. what are the prospects in terms of revenue generation now that this deal is almost finalized? >> on the synergy front comcast has officially targeted 5$500 million in annual synergies from the deal these businesses are complimentary, which is part of why comcast is doing this. that means it's a bit more difficult to eke out synergies from overlaps. what we understand from a revenue generation perspective is comcast is keen to dive into sky's technology portfolio and try to leverage what they can offer in that way. >> we'll be watching out for this story julianna, thanks for joining us. >>> boohoo shares are surging after first half pretax pro

. >> the story will get chunky >>> the head of comcast, brian roberts, says he is disappointed with theeaction to his decision to walk away for bidding from parts of 21st century fox. here's what he said to jim cramer on "mad money" last night. >> that's one of my disappointments this year, is that fox and sky, driven by rupert murdoch's decision to sell the company, not our desire to change who we are, why wouldn't we look at it we found it was undervalued. we put in a price, disney offered more and we walked away. people took that and made a narrative that said we didn't love our core business when in fact our core business is having a renaissance. >> now, roberts also touched on the company's next steps and where he is looking for new opportunities. for more on jim's interview in philadelphia, that was ahead of the win by jim's eagles last night, head to cnbc.com. just annoyed that jim did not wear the eagles jacket check it out on his twitter feed >>> on deck, bitcoin or bust the crypto collapse continuing this morning we'll dig in more on what is a big-time tumble ahead. >>> and el

just take a listen to what ceo brian roberts said to me when i interviewed him on opening day on nfl season in philadelphia. >> our job is to not let that distract us from the mission at hand build value for the shareholders if you said what are you most proud ofment my dad took it in 1972 if you bout a thousand share, 7,000, you would have $12 million, 17% xountsed return for 48 years and put it in the s&p 500, you'd have about 750,000, about 15 times less money. so we're looking for value opportunities, we're looking for strategic fits and we have a management team that likes to build shareholder value and so sometimes when we see something, we by definition you're the high bidder at that moment it takes time to convince people you have to prove it. >> a lot of people remember those things this is a what have you done for me lately business in this case also a pernicious story line comcast doesn't like its current business because of cutting and with the cable business they're enjoying a renaissance, technology initiatives and voracious desire for more bandwidth. this is given comc

chief brian roberts facing another battle, this one to convince shareholders he didn't overpay for sky's spoils. he moved all three of these media stocks with the reporting on friday and charlie gasparino, today everybody is saying he was pushed to pay a lot more than expected. >> yeah. he fell right into rupert murdoch's trap, at least if you talk to enough fox insiders, they will tell you the whole m.o. for the 21st century fox team, rupert murdoch is the chairman of 21st century fox, which owns fox business, was if they were going to bid on this, they own 39%, they would bid on the rest, they were either going to win it or force comcast to pay up for it big-time and then reassess their options. what they got was forcing comcast to pay up for it big-time. i will tell you this. fox is saying that it's reviewing its options. remember, it has a vote here. it can vote against this. but what i'm hearing from insiders, it's highly likely they will accept this because this is cash on hand, it's all cash, and you know, not only do they get cash, fox is an investor in disney. their big competit

>> i've owned brian roberts company.her cable plays like the one sold to altese buying cable in latin america, liberty global, and there will be another round of consolidation on that. i own 5g and like what verizon is doing >> another name you mentioned during the break -- >> a company in latin america that is owned by a team in stockholm and kristen runs a company. there's a tax rule in sweden if you own 10% of a company you don't pay any tax when you sell it, which is great i think they'll monetize that at some point ramos came out of liberty and there will be a merger somewhere in the next 12 months. a couple billion in debt >> do you think espn has stabilized >> i can't answer that the notion of taking a direct to the consumer and figuring out how to put additional content in there is getting a huge, powerful platform of content and so when i look at disney, and assuming i'm murdoch, right now rupert is going to get, i'm assuming he goes all stock because otherwise he would pay cash, he has 300 odd million shares of

that pits rupert murdoch and bob iger in one corner and versus comcast and brian roberts in the other putting in a bid of close to 19 1/2 dollars. converting pounds into dollars here. cheryl: sure. you're doing ad. >> job. >> higher than fox's bid of 18.53. look how sky is trading. it is closer to $21 a piece. higher than both bids. i think market is anticipating -- cheryl: that is the adr we're looking at. >> the market is anticipating higher bids this weekend. three rounds of bidding. first round fox puts in their bid. second round comcast counterbids. this is high drama. cheryl: it really is. >> aisled envelope bidding for the right to buy sky. cheryl: 21st century fox is the parent company of the fox business network. not that we have skin in the game but this is our parent company. >> full disclosure. cheryl: but at the same time, what i think is so interesting is that sky itself is such desired property, to have these two behemoths in the media world go toe-to-toe against each other, mr. murdoch, mr. eiger and roberts. >> yeah. cheryl: i think that really speaks to how incredibl

cruikshank >> john robert cruz >> kenneth john cubas >> francisco cruz >> richard joseph cudina >> neil james cudmore >> thomas patrick cullen joan cullinan >> joyce cummings >> brianhomas cummins >> michael joseph cunningham >> robert curatolo >> laurence curia >> paul dario curioli josephick >> beverly curry >> michael curtin bruce edward simmons. you are always in our hearts. godspeed. thank you for the memories. my cousin, firefighter edward roberts. we love you and we miss you every day. >> gavin cushny >> caleb arron dack >> carlos s. dacosta john d'allara >> vincent d'amadeo >> thomas a. damaskinos jack l. d'ambrosi >> jeannine damiani-jones >> patrick w. danahy >> mary d'antonio >> vincent g. danz >> dwight donald darcy >> elizabeth ann darling >> annette andrea dataram edward a d'atri >> michael d. d'auria >> lawrence davidson >> michael allen davidson >> scott matthew davidson >> >> titus davidson >> niurka davila >> clinton davis >> calvin dawson anthony richard dawson edward james day >> william t. dean >> robert j. deangelis >> thomas p. deangelis tara debek >> james v. deblase >> anna debin >> james v. deblase my beloved sister. today marks the 17 yea

so this basically pits bob iger and rupert murdoch in one corner defense brian roberts and comcast in the other. many analysts expect a extremely competitive bidding war this weekend. so expect to see those prices go up. how high? we don't know just yet. but that is the expectation that is going to get rather high when it comes to share bids. back to you guys. melissa: susan lee, thank you very much. david: remind me of the nfl draft. happens on a weekend. should be exciting stuff. president trump heads back to nevada looking to tip the scales for republican dean heller. this is pivotal senate race. the president is expected to leave the white house at any moment. he is a little delayed for a rally in las vegas tonight. he could stop and speak to reporters on his way out as very often does. we'll bring you those comments if he does. melissa: fingers crossed. a petition to stop nancy pelosi from getting the house speakership. the threat from one her own party. the bold action a group of rebel democrats is now pushing to prevent her from taking back control. david: the young turks on th

if comcast loses, this is a big blow for brian roberts.t has to do something, has to go after something else. to go you said he wants international, which he has not thus far. bob has artie got an international -- already gotten international offers. nabila: some people say maybe he could by viacom. that is like saying, i would like to buy tesla but instead can i buy a scooter? david: it has got a lot of work to be done on it. it is not coming along right now. ng along right now. alix: that is what you will be doing, watching it tick. nabila ahmed, thank you very much. the pound taking a dive and u.k. yields dropped as well. we discussed the latest on theresa may as the bbc says she is not changing her tact on brexit. ♪ to rent a movie? showtime. or buy the hottest shows. even here? we've got you covered. now they are all yours. to take on the go. on any screen. bingo! alright! and watch whatever you buy. wherever you are. head to xfinity.com/stream to start watching. simple to rent, easy to buy, awesome to go. ♪ alix: this is bloomberg da

>> is it bob iger or brian roberts? maybe it is personal. our third story is tesla.w is jeff osborne. he has an underperform rating on tesla and a price target of $200. you were a pretty busy man. it seems like every single day tesla gives you something to cover. it keeps us on our toes, you are right. david: this new revelation came out through a bloomberg report, a justice department inquiry that could involve criminal conduct. how material is that to you as an analyst? very material in terms of getting incremental byron interested in the stock. it is one more variable to prevent people from pulling the trigger. a civil andlt from criminal perspective to quantify those types of things in terms of expenses, impact to the model. just perception to investors, it's a big blow. there are two angles, the incremental buyer will not come in and shareholders will be dumping out for the long term. our colleague grown a great piece yesterday saying the inquiry could lead to all sorts of speculative outcomes. what cannot be in doubt is it is ,ooted in self-inflicted crisis fro

. >> wow talking to brian roberts later this week. >> i don't know if comcast is focussed on that. >>o be. >> yeah. i'm convinced they need to buy a wireless company sky is still in progress i think it's right around there the 21st you get it. the potential for the auction, so to speak. you go up if disney or fox decides to come back that's the future. verizon you talk maoffit. >> yeah. t-mobile had a fabulous quarter. it was totally wrapped up. and the stock moved up eight straight i find it annoying but when you're on front of capitol hill you have to report yourself. they spend a lot of time getting the approvals they need. >> yeah. a lot of business cases end up in front of the supreme court. it will be an important component. >> oh, my. >> yeah. there's chuck grassley caf new d.c. circuit court judge since '06 has been through the process before was first nomineed ated in '03. >> yeah. remember there are people in the senate who are going to say his credentials are pristine when you voted for this president, you voted for this. and judge brett kavanaugh is a distinguished whether

today about comcast and broadband, and how well broadband is doing, so i rei wait something that brian robertsd two weeks ago ed stogs hag goodsle have are going up very nicely i would be shocked if -- where comcast gets it. i can't be wrong i know -- i think you're in the camp that is the majority. comcast will find a way to own it, but of course they don't want to see it go to a crazy price. >>> i know we've got to go to break, but the 5g threat is overblown, which is a principal objection why to own comcast >>> we'll get the opening bell in a couple moments, a look at the premarket as the dow is up, appeared shooting for a potential report high. potential report high. back in a minute are going to need a bigger bed. ♪ ♪ ambitions live everywhere. synchrony helps make them happen wing and partner offers at over 350,000 locations. ♪ ♪ synchrony. what are you working forward to? ♪ ♪ the lexus ls 500 & ls 500 h. ♪ take advantage of great offers on the 2018 ls 500. experience amazing at your lexus dealer. kayak compares hundreds of travel and airline sites so you can be confident you're getting

brian roberts of comcast and nbc will be his guest tonight at 6:00 p.m.you can go right from thereinto football night in america. the festivities begin about 730 oim on nbc >> there was a museum theft, it was in philadelphia. apparently thousands of rare bugs were stolen sand spiders, rhinoceros roaches and apparently according to the owner of this he says that they are very easy to sell. the enthusiast market is quite strong with exotic pet shows and that kind of thing >> you can rule my wife out as a suspect. she detests bugs >> on that note, thanks for watching "power lunch. >> "closing bell" right now. >>> it's time for "the closing bell." i'm wilfred frost at the new york stock exchange. the nasdaq having its worst week in five months we'll address how investors should play the space. >>> i'm julia boorstin in washington a shakeup at cvs the company tells us the company is in talks with ceo les moonvulmoonve about a possible departure >>> coming up on "the closing bell" we'll speak exclusively to th

of the great themes of the american analysis of this is that brian roberts, is he fighting the last warceive this transaction as a martyr of old technology versus the new technology of streaming? : comcast has the but operating only in the u.s.. it has been pretty much landlocked. what this deal with sky offers is a great way -- gateway out of the u.s. obviously, sky operates in five countries with its satellite operating service. sky has its own offering in the form of tb. sky can say it is comcast's european twin. it has managed to offset the rise of online tv players. sky hasn't suffered in a manner that traditional pay-tv operators is capable of. sky is very much a natural fit for comcast expansion plans. both have similar technologies. tom: thank you so much. it is a fed week. it is a month and even an autumn of central bank in action. there is no one better to about the dynamics of bonds. anthony of pemco joins us today. right now, you have to write an sa on the short-term bond. what do you write on? i wrote a note internally about this last week. i would say that there is a short

this basically pits bob iger and rupert murdoch against brian roberts and comcast and the other.ve bidding war this weekend. fox willing to possibly up that bid in order to gain control, and people are reminded of 1988, remember rjr nabisco and the relatively unknown private equity group back in the day? neil: you weren't even born. okay, susan, thank you very much. susan li. you probably know by now if you watch tv or follow the president's tweets he is not a fan of "saturday night live." neither was or is chevy chase. the show has gone down hill since he left and saying anything about the geniuses that came after him. like this next fellow, former "snl" cast mate, joe piscopo. joe! what do you think? judge napolitano, he's my buddy. neil: i was going to ask but the judge thing now. on this, what do you make of that? he's saying it's all a disaster. >> you didn't get my distraction, can we talk about the judge? what is the source? that's the one thing i learned from being on the radio, learn where the source is coming from and is it fake news or not. neil: chevy chase talking to

that can unite people i don't know everything is controversial these days i'm going to interview brian roberts, and i think, what can i say, it's opening night! i'm very excited it's not controversial i don't know wait a second, they didn't go to the white house. can we just say there's some things we have to just -- >> that's tonight. >> tomorrow night. >> tomorrow night. >> doug peterson -- >> what is tonight >> i'm doing a show tonight. yeah i have honeywell, by the way. >> wow that's an important discussion i'm going to tune in. >> restoration hardware from the brand new site they have. >> eagles tomorrow night. >> yeah. >> i'll be back on friday morning. i don't intend to sleep on thursday night my schedule is too jammed. >> good. i'm glad you'll be back on friday speaking of coming back, we're back after this with cramer's mad dash we'll count you down to the opening -- oh. there's mark horner arriving >> we've got a lot of questions for these companies. i'm disappointed that google chose not to participant in -- participate in this discussion i think the other companies made some progre