so somebody is looking for a higher bid maybe from barry diller, we'll see. >> higher than $512 million. >> yeah, for a company losing money right now. it's not bad, right? it's good work if you can get it. >> i've used that site. apparently i'm the oy one, but it is helpful. i mean you review vets and pediatricians and all kinds of other stuff. >> thank you, bill. >> see you tomorrow. >> man. >> well, barry diller may be helping the folks at angie's list clean up and we would like to do the same in our area because we have some rain around today. we'll talk about that right now. the good news is, guys, this is not a big rain maker. it's going to move relatively quickly through the area. that's the skycam right now. and outside of our window, it does outside of your window. 57 degrees, cloudy skies, scattered rain throughout the area at this point. so let's go to the headlines and talk about what we're going to cover over the next two minutes or so. umbrellas at the ready if you're going outside, take them. even if it's not rain, it may over the next several hours. hold on to your hats,

on the news, and joining us as we mentioned on the squawk newsline right now first on cnbc is barry dillerpedia and good morning, barry. >> guest: morning. >> help us -- >> caller: how are you? >> great to hear from you this morning after you announced the deal. help us understand the everyonetoimpetus of the deal and how much airbnb may be, i don't know that it's true, inspired you to think you needed to own another business like it? skb >> caller: i don't think it was that, but i think it was the fact this was an area we were not in. we are in every other area of travel, and so this, we've been looking at home away for years now, and we have always thought this was an area that we should get into, but, you know, over the last four years, expedia's kind of transformed itself since if you look at expedia, when we spun off trip -- before that spinoff, expedia was worth $of billion in terms of market cap. today, if you combine them, it's 30 plus the internal growth as well as the acquisitions that expedia's been making, got us to the point where we could take on a very large acquisition. thi

going to be a big deal for barry diller and iac. iac will control 86% of the company. it's a company that has a lot of growth rate, if you take a look at the monthly average user growth and their paid membership growth, converting the monthly average users -- cory: 59 million users? justin: that's been growing strong the last couple years. growth, converting the monthly average usersthe key business mr them to convert those users who come to their various sites into paying customers that will pay a subscription fee. that's one of the big growth drivers for them going forward. cory: it seems to me the success of a dating website is bad business for a dating website. if your people fall in love and stay together, they don't come back to the site. justin: that is why you have to gain massive scale and become a network and know it's a place where people can go find someone when they are ready. for us, everything a person who matches up on hinge becomes a promoter for our app. -- these arefiling my favorite things to read in but oned, s-1 filings, of the things that happens

match group owned by barry diller and kayla will join us in about 20 minutes. greg blatt will join us first on cnbc at 8:40 eastern time. >> is square a unicorn? >> square was. yes. >> unicorns go bust. what do they call them now? unicorpses. >> that's half of what it was. people in on the private market it was a slam dunk for a couple of years. anybody that could get in action like aston kutcher. >> what's his name? >> kutcher. but also looking at how mutual funds like black rock and others that had bought into some of these in the private market are valuing these things whether they're holding them on the books at the private valuation or whether they can do everything else. >> we'll get to united health care which warned the dow component. united health care is a dow component because they change them so quickly. >> who writes these things? do you think it's like -- >> one person. >> one person. >> u.s. stocks rally on signs that the fed now thinks the economy is strong enough for a rate increase. now that is, okay -- >> good news is good news. >> but we loo

barry diller will be on "squawk box" tomorrow. >> thank you.e've got kind of a big deal today. >> decent size deal. strategic. i think homeaway has been viewed as a consolidation candidate for a while. this was a $48 stock a couple years ago. people were not really sure how the company was going to navigate with airbnb says they're different. >> i just like what expedia is doing. they continue to make acquisitions. they're not just sitting back and waiting for this industry to consolidate on their own. it's actually going after some of these really targeted specific niche areas, so they are going to be very well positioned forward, both here and international. >> that's a point. >> more than a fair amount is driven by subprime lending. phil lebeau has the details now. >> the question is, is it a subprime lending bubble? we'll have the data in terms of how much those loans have grown. take a look at just how much growth we've seen since 2011. this data comes to us from expeterse experi experian. there you see the most recent data, up to just und

and it's backed by big names like eric schmidt, barry diller.ive with the company being called the uber for helicopter when "squawk alley" continues. the throttleuldn't push on his little boat any harder if he tried. he's beached here, gazing out on an unforgiving landscape. for while the people who come in here use quilted northern, a toilet paper that works so well they completely forget their experience... daddy gator sees all and forgets nothing. "i've got to motor out of here," he thinks. "this is no place to raise a child." quilted northern. designed to be forgotten. the markets change... at t. rowe price... our disciplined approach remains. global markets may be uncertain... but you can feel confident in our investment experience around the world. call us or your advisor... t. rowe price. invest with confidence. >>> the payment space is expanding with the likes of android pay leading the pack. are mobile payments really catching on with consumers especially during this holiday shopping season? joining us is gary norcross. who better to ha

barry diller, the chairman of expedia will be on "squawk box" tomorrow at 8:00 a.m.ng much more about expedia, home away, the deal the two entered. that will be must-see tv tomorrow morning. time for the final trade. guy, we're start with you tonight. >> the whole foods loss works for kroger. i have to get out of here, people. >> karen. >> kors. today it was -- it was trading like it was the end of kors. absolutely not. rumors of their death greatliage rated. think it is better today. >> wait a second. hold on. >> ohhhh. >> a little birthday. mel's birthday. >> happy birthday to you. happy birthday to you. cha cha cha happy birthday dear melissa lee, happy birthday to you. >> guys are so great. thank you. thank you. that is why you had to leave. that was a ruse. final wish, pete. >> to a good friend of mine fred mcneal who passed away. but go with gilead for the final trade. >> happy birthday, mel. after a move from 130 to 200, i'm taking profits in this blue chip chinese adr. >> and ourbob. i'm melissa lee. thanks for watching. "mad money's" up next! >> my mission i

barry diller is wheeling and dealing. "details"blication of magazine will be lighter this year. to it. you wonder where magazines will be in five years. vonnie: they will certainly be fewer. foreign affairs will do great for no other reason than the type is large. that's the only magazine i can read. we had joseph nye with us who has put out an important must-read on american optimism and china. i dovetail this into the henry kissinger world order. your messages for more optimistic than the complexities dr. kissinger looks at. if we have a new world order, why would you suggest america can be so optimistic? henry's book says there has never been a world order, among other things. the extent that there has been as beenom world war ii largely because the united states has been the dominant power. that has allowed us to preserve a degree of order. sometimes people call it the american century which is what i call my book. i think the pessimism the american century is over is undue. there really is a capacity in the united states to organize others and deal with issues more than any

match hasment of barry diller but they are being spun away from them and they are just a hodgepodge ofps with various ceos. our friend from tinder got in trouble yesterday. scarlet: is that a liability now? >> yeah. emily: it was a little unprofessional. about to person who is be part of a public company say things like that? jack how can we praise dorsey and distance him after that for not being able to do it. is that fair? emily: jack dorsey just got back to twitter, to be fair. alix: some say he will not be able to do and is not the right man for the job and that was the rhetoric and now it square, we say he is awesome. i think jack is done a good job it square surrounding himself with solid executives. sarah frier did a majority of the roadshow. it makes you wonder if jack will step down and let a more experienced person step in. scarlet: i want to go back with the timder ceo said. emily: they cannot be repeated on television. he is addicted to tinder his own sex life and gave details that you don't want to read about and a public company. scarlet: it got attention but probably not

barry diller was asked if the success of airbnb drove this company to want to own a business like it.> this is an area we were not in. we are in every other area of travel. and so this -- we've been looking at homeaway for years now we had always thought this was an area we should get to. >> this is a 22.5 times at least from the analysts weighing in. perhaps appropriate. sthoe not that large a premium given some of the deals for growth companies that we've s n seen. and importantly expedia shares are responding positively. something we tell people to keep a close eye out. because that continues that narrative, if you will, that a lot of bankers will. good time. your stock's going to go up. >> we have brian coming on. he's bag regular on "mad money." this is a brilliant acquisition. >> really? why is it brilliant? >> it's the channel they really need. this is how people -- this is shared economy. expedia needs more shared economy. the website homeaway needs a bit of a tune-up. airbnb's website is much easier to use. homeaway had a great business. we use a bnb and fills our place. i do

interesting and fun to hear from barry diller, haven't heard from him in a while and nt's list coincidesh other offerings that interact, similar offerings. ashley: i want to get to this story about billionaires battling over the battle of the billionaires, the latest scrap is about coca-cola. is that right? cheryl: this is billionaire on billionaire fighting. warren buffett is number 2 on the tv screen. the berkshire hathaway symposium was yesterday in new york so on he has been insulting valiant pharmaceuticals, they have immoral business practices, believe in the way they operate from a moral perspective. he shows up at the symposium and says coca-cola, who by the way berkshire has a gigantic -- warren buffett walks around with a coca-cola bottle all the time, basically attacked him. attacking coca-cola at this symposium. if you are talking about my company of will talk about yours. saying it causes obesity and diabetes. ashley: is this just childish by billionaires? >> two parents using them as pawns. it is ridiculous. >> he loves 2 billion on valiant. i can understand why he is upset

in a lower valuation than it was in the private market, which is what everyone was waiting for, barry dillerfew weeks ago -- stephanie: hold on, give us more details. he was not specifically speaking about square. he was talking about the exuberance of private funding in the tech world. erik: he talked about valuations not being anchored to reality. we would not know whether or not they were accurate, real, credible until the money started to find its way into the public market. stephanie: those are the words he used to describe donald trump that day. david: what about profits? erik: it could have been based on reality. stephanie: the magical future, we are talking unicorns. 5 those of the five stories that matter to markets now. stephanie: we have had such a big day. this tech giant graduated high school in 1978 and says his is "the blind side." tweet us your answer. who is that guy with the black turtleneck and button-down? downwe return, we will sit with the blackberry ceo john chan to talk about their new smart that erik schatzker has. you're watching bloomberg ." ♪ erik: welcome bac

iacail: barry diller's interactive made an unsolicited bid for angie's list of $8.75 in cash per shareterday, but angie's list has already gone above that level this morning. consumermerge the review site with iac's home advisor. the company has recently come under pressure from activists investors. tcs capital, which owns 9.6% of angie's list, urged the company to sell itself last month in a letter, with the company president saying the company has been "running thin." we see he has a point. shares are off more than 70% from the company's peak in july of 2013. today, angie's list is up more than 12%. stephanie? stephanie: thank you, abigail. before i go to break, i want to clear something up. we should take a look. i believe you were showing a screen earlier of kohl's earnings. matt: i think i had the wrong number -- ticker. kohl's actually up 6%. erik: important to point out, given the 40% drop in macy's shares yesterday. stephanie: they have something to celebrate. guess who else? india. it is the biggest and brightest national holiday, diwali, in full swing for hindus around the wo

matt is a unit of barry diller plusiac. 0.25% of colleges surveyed expect tuitions to rise 3% next year. many of the schools have to offer deep discounts to attract students. unitedhealth group, the largest u.s. health insurer, says it may pull out of the obama care insurance exchange market and cut its earnings estimate for the year. shares are moving lower on the news. here were thus is megan murphy and drew armstrong. good piece be a very of news to the white house. this is news that is echoing what other insurers have said which has been the obamacare market is difficult to achieve the earnings they need on these products to make it viable for them. we will have to see how the administration reacts to this and what people will say. this has been a consistent issue we have seen where obamacare has been very successful at doing what it was intended to do in getting uninsured on to some sort of plan. in the actual market place from providing that insurance from the businesses that do it, it's a tough market to make any mon

. >>> in deal news, aic interactive made a bid to buy angie's list, barry diller's company, obviouslyring 8.75 a share in cash, roughly an 11% premium to yesterday's closing price. iac is taking the offer public after failing to develop what's called meaningful dialogue with the company. last month, activist investor urged angie's to explore strategic alternatives. analysts warning for decline in manufacturing, a signal of the economy? we have more, always a leading indicator to transimportaports h all the time. trouble on the horizon? >> could be. transportation equipment, not a sexy topic, but one to watch in 2016 because there are cracks in transportation equipment which until now, joe, is a bright spot. rail car orders plunged 83% last quarter according to the railway supply institute hitting the lowest level in at least 27 years. we are seeing softness in class a trucks, big rigs on the highway, ftr reporting that preliminary october orders while up are 45% lower than a year ago. this is the time of year orders jump as companies finalize budgets for the upcoming year and order ac

public offering match group plans to raise 5 hundred million dollars in the offering part of barry diller'sshares between 12 and 14 bucks a share a list on nasdaq under mtch, this monday james bond taking the top spot, at the weekend box office "spectre" 24th film bond series raking in 73 million dollars. but it did fail to reach 88-million-dollar opening of sky fall, back in 12, about "spectre" second highest opening for daniel craig in four bond films if you belief internet this might be his last bond film. maria: that is right that is right thank you so much turning back to tomorrow's debate over weekend i spoke with former hewlett-packard ceo carly fiorina asked about her place on the stage and following months in. >> just remember may 4 when i launched my candidacy i was 16 out of 16 polling companies didn't even ask voters about my name because less than 4% of them had ever heard of me. now i am in 6th place on main stage i kind of like that traject a different trajectory than any other candidate out there plrl given the fact i remain least well known candidate. >> true has had a pret