that fell off a cliff in a hurry when comcast announced and we are hearing comcast has already made the decision and formal announcement could come as soon as tomorrow. alix: this event unfolding very quickly. also joining us, cory johnson in san francisco. what is the significance of comcast potentially walking away? cory: i think the significance is huge. first, as it relates to the deal, this transformative deal will make sure that most american to receive the broadband internet from a single company it would create a massive power for comcast as one big company in terms of deciding what deals to strike with the likes of disney and others and cnn and those important companies. the implications for the company that sells enterprise hardware to the broadband providers like comcast and time warner. one fewer customer to deal with. that will be a very big deal for the enterprise hardware company. i think this is a big deal from the regulatory framework. for the department of justice to apply a different rationale, a used to be they would look at geography and say as long as the geographi

you can see the impact on the shares of comcast. this is comcast shares, there is a big leg lower when the news across the wire that antitrust lawyers are said to be leaning against this merger. we have come back a little bit we have been down all day, off by 2.5%. i'm going to pull up time warner cable shares as well. they are affected by this decision. you can see a big leg lower in time warner cable shares. while we have given back some of the losses, we are still down 5%. we are not backed were we were before this reporting headline cross. just to reiterate, staff attorneys at the doj's antitrust division getting closer to recommending that the doj not approve comcast's bid to buy time warner cable. you are seeing an impact on a day in which stocks were already lowered. we have seen a little bit of an edge backup, but this is a day in which we are sporting losses of at least 1.3%. mark: scarlet fu, the breaking news desk. we will follow that story. stay with bloomberg television we have the latest details as soon as we get them.

it would still be smaller than comcast. assume, if they were ok with comcast at their current size, they would have to be ok even if those three companies come together, it would still be smaller than comcast. cory: an open question, whether they are ok with comcast's current size. point number two. it seems the title two fcc rule about an open internet, no throttling, no control over what content appears for users, makes it easier for these companies to say, we can't decide what content is going to come down what pipe, so antitrust should not be an issue with the mergers of simple cable providers or broadband providers. alex: i think you are right. i think that's a fair explanation of what you would think would be the repercussions of title two. the question has been, it was with comcast and continues to be, will we actually see title two? a lot of these media companies wireless companies, broadband companies are going to sue to block title two. we don't know if this is going to stick around. it needs to go to the court sy

the prior deals that comcast has done, yes, they have gone through but has the behavior of comcast inse deals injured their likelihood of getting this deal through? >> one of the issues that has arisen during the first consideration of the deal was the difficulty and unenforceability of the conditions to which comcast agreed to as part of the nbc u d eal. comcast took advantage of what some people, including bloomberg, would consider to be loopholes. it seems to be rather recalcitrant with complying to those conditions. the justice department does not like these behavioral conditions to begin with that. it helps strengthen the notion that the best thing to do is to kill the deal completely. cory: specifically, which behavioral condition has comcast asked to it hereto and did not do so? and you: to keep it close to home, this channel was the subject of a lot of fighting because bloomberg, i believe, correct me, i believe the deal required that the bloomberg news channel the neighborhooded, placed next to cnbc, fox is this channel, and other news channels. comcast tried to construe the

back to the comcast timewarner merger madness.et bankers are questioning if comcast has the stomach to battle it out with the doj. here's charlie with the exclusive details. charlie: i want to be clear here. i'm getting it from bankers who cover the telecast space. they know people that are working on this deal, but they're not working directly on the deal. here's the interesting thing, comcast will try to save this. we know that. they'll try to -- they want to buy timewarner cable. a lot is riding on that. agreements with verse various other content providers. not to mention all the deals that are contingent on the doj giving a go on this. they're trying to save it. the concessions are likely to be such a high hurdle, that the obama administration, you know, does not like transformative deals that they -- they are not going to like just agree to anything. that there's a feeling inside comcast that they actually have more work to do internally, that they have to deal with the nbc u situation. get that straightened. it's a mess rig

shares of comcast rose and time warner cable popped 4%. so what caused the merger to un why did the collapse of this deal set off a new round of deal chatter? >> it started as a $45 billion cable merger but the deal died because of the internet's growing role as a gateway to information and entertainment. neither company is owed a break-up fee but comcast said it spent more than $230 million last year trying to win government backing for the deal. that was enough according to comcast chairman and ceo ryan roberts. >> we thought we could get the deal approved we thought we could make a good case. i think our team did. but in the end, we have to move on. >> unwilling to battle federal regulators the two companies walked away from a deal that would have given comcast control of more than half of the nation's 87 million broadband customers, 30% of the tv market and including nbc universal. the fcc applauded the deal's demise saying, the decision, quote, is in the best interest of consumers and the merger would have been a risk to competition a

comcast. since there is no overlap, this isn't about offering more to consumers. susan: that's right. the argument is because we already divided the country, the competition would not be further reduced through the merger. they are right. they are in an environment in which no one competes with them other than verizon files on a nationwide level. verizon has been careful to choose selected markets. comcast faces neither competition or real oversight at this point. competition would not be reduced, but it's already pretty bad. emily: what does it mean to companies who are trying to break into this market, like an apple, or even start up, a company started by the former hulu ceo raised a huge amount of money to create a short form video subscription company. susan: this is like chris christie and the george washington bridge. all those companies need to cross through comcast's arms to get to customers. that means they will have to pay whatever comcast wants in order to connect their networks, in

>> it's a great day to be a comcaster. we love our hometown we love philadelphia, it's one more way to serve our community. >> reporter: you talked about painting and computer lab -- >> i'm not great at painting but we're also going to set up a computer lab. digital literacy is so key to students now and it's key to comcast. we just want to make sure everybody has the ability to learn in this digital world. >> and nationwide this is happening everywhere. >> we have over 90,000 volunteers. here in philly we have almost 3,000 volunteers dozens of projects and we're ready to make a difference today. >> sounds good lee ann. just a few moments here for bill harkins. you helped get this whole thing together out here this morning. what's it like to see this many people? >> to see this many people here this morning and brighten up this community and make it look great again. >> we have people of all ages, people who have experience and some who may not have experience. >> yes. from every ainge. i've seen 5 dwreerlds to my age of 5

net neutrality rules seems like they have cleared that up and said comcast or comcast time warner is one giant company, could not do that. emily: cory johnson, our editor at large. susan crawford always great to have your very nuanced perspective here on "bloomberg west." coming up next, the runaway train of late stage startup funding. plus brian grazer on how he stays curious and creative. ♪ emily: this is "bloomberg west." i'm emily chang. the video startup vessel run by the former hulu chief just raised $58 million to fund raise its business for short form video. this brings vessel's funding to more than 50 $800 million. here is the crazy thing. back in october he told the "wall street journal" he was raising money not because he needed a, but because the company was in such high demand with investors that it would take 60 years to burn through the $120 million he had at the time. today he told "the new york times" he felt he had a fiduciary responsibility to take the money if it was offered on favorable terms. richard hendrix pondered the question on the latest episode of "silico

they then sold to comcast.he idea is a time warner cable sold to comcast, all their employees have been operating for the past year plus that they were gets old maybe the writing is the wall and they have to get sold to charter. mark: give a merger collapse because lobbying efforts failed? alex: to some degree absolutely. from a business standpoint, they had a great argument. that is why many analysts thought the deal would go through. the political environment turned against them. in part, that has to be blamed on lobbyists and the p.r. message that they were not able to frame this in a way where regulators were able to approve. if charter and comcast have worked together to buy time warner cable and charter had sold subscribers off to comcast, new york and los angeles the markets they wanted, eventually the deal would have gone through because the headline would have been charter buys time warner cable and does deal with comcast instead of big bad comcast buys time warner cable and then does a deal with chart

comcast is set to feel regulators put too many hurdles in their way. the last straw being the federal communications commission concluding the deal wouldn't be in the public interest and proposing a hearing by a federal judge. a hearing is a big roadblock to a merger. it signals to many people that the government could and likely would block the deal. the problem? concern that they could charge you at home more for less offering fewer choices and poorer services. comcast said no if anything consumers benefit from faster cheaper internet and access to features like hotspots. comcast says the deal won't harm competition because it doesn't operate in the same markets as time warner cable. regulators fret about the power a combined comcast time warner would have over tv channels including al jazeera america and streaming services like netflix and amazon prime. >> the department of justice is worried that they will then control the content. they'll be the gatekeeper and determine what consumers get to see. >> there's talk comcast might have had to shed cust

at issue with the time warner comcast situation.sue, complainers out there, they will be too powerful depending which company. >> look at dish. another one of the firms we keep talking about. buy or merger with. that tells you the that market is discounting all these companies that were either going to be acquired or would be sort of marriage of equals which would create synergies and earnings, and decent earnings going forward. accretive to earnings. that is what this is saying. again -- liz: time warner, i'm sorry, at&t is also down. >> i would say this. this is an interesting thing. if this deal doesn't happen, how long does al sharpton have his show on msnbc? that is always been the high level speculation that brian roberts and mr. burke over at comcast, gave al sharpton, who is very close with the white house, that show and for one reason only, that was to facilitate this deal. if this gets killed, check how long he stays at msnbc. >> charlie fast, thank you very much. -- gasparino. >> i will. liz: charlie breaks it. the rant h

how nbc 10 employees chose to give back on comcast cares day. britney. >>> i'll have the cooler forecast for sunday and what to expect for tonight in the first alert seven-day forecast. >>> remembering a local student athlete. family and friends gathered in havertown to remember ryan gillyard. the 15-year-old collapsed last saturday during a spring training practice in north philadelphia. it is unclear what caused gillyard's death. >>> cutting the ribbon on a mural to honor the memory of a philadelphia mother and her three children. leads leaders and family members were there for keisha williams and her three children died last july when a stolen suv slammed into the fruit stand at the corner of germantown and allegheny streets in north philadelphia. another family member, michael kevin williams died in the same lot in 2013. >> with the help of the community and city officials of philadelphia we are turning this place that holds so much pain and heart break into some that can bring joy. >> the arts program created the project with input from the

now what for brian roberts and comcast?loomberg "surveillance," live from our world headquarters. friday, a pattani for. -- a pattani for. -- april 24. i am tom keene. top headlines. here's olivia. olivia: this was supposed to be the crucial meeting for greece and european countries who hold the purse strings. meeting in riga and growing more frustrated with greek prime minister alexis tsipras. tsipras was supposed to come up with economic reforms needed to unlock $7 billion in bailout money. minister say they are still wide differences. the eu economic commissioner talked about what he hopes to hear. >> the overall issue is about the review of the present program. reforms that can change the face of the greek economy.

obligation is on comcast.en it was first announced many thought there would not be huge problems because there wasn't overlap on the cable side of the business. now it seems to be on the rocks and it is up to comcast, pretty clearly to try to satisfy the justice department and fcc that this can be computed in a way -- completed in a way that is competitive and in the public interest. erik: this would be the biggest deal since what to be blocked if the doj goes ahead? peter: they tried to block the american airlines-u.s. airways combination and that ultimately got resolved. the anheuser-busch deal was ultimately resolved as well. this would be a big fish for the justice department, a big effort on their part. it would send a message not just to the media world but the rest of corporate america that this justice department and the final few months of the obama administration is on the watch and deals people stop might go through might have a tougher time. stephanie: how about the lobbying power of organizations

they thought comcast asked too much.too big, particularly on the broadband side of the business the high speed internet. this deal would have 50% of the all high speed internet connections the number of subscribers in one company. >> so half of all high speed broadband. here is what's interesting. comcast is making the case that they said look the way the regional monopolyies work is this. time warner and i don't compete. so if you combine us there is no net difference in amount of choice consumers have. in new york city i have two options. if it was time warner and it became comcast i'd still have go options. why did that not work? >> it's very tidy too. but the thing that ultimately ignores is it is a very complicated and fast-changing the space, the media world. >> right. >> and so many companies like netflix, like amazon like facebook depend on the access to the internet. and one company essentially becoming a national company, even though as you said chris they do not compete on regions. they don't have the same zip

i said comcast and it's comcast universal. spend us a little time telling us about what are the activities on saturday and who benefits from them. >> first of all, this is national project. it's an international project because of nbc universal. we're all over the world. here in philadelphia we'll be doing another project. we will be at the gw childs school painting murals on the wall and beautifying the school. we'll be in new jersey and working on shore projects. we're working with habitat for humanity humanity. >> all these different agencies and entities will benefit from the volunteers out there doing the work. >> we'll have over 90 projects. it's really exciting. these are our employees reaching out to the community and identifying areas of need. we're trying to give back in real way to our community. >> it's such a great day every year. virgil, charisse mentioned the partnership. you do such a great thing of getting young people involved. talk a bit about the partnership. >> it's extremely important and valuable. city j

would be a better comcast.re were jeers in the audience. i wonder why you think a bigger comcast would be better. harold: i don't know whether a bigger comcast would be better. i have seen no credible evidence there was any antitrust harm to the american consumer from this merger. from all appearances, this is an arbitrary decision by a government agency and we may never know exactly what the thinking was. it looks like comcast is going to withdraw the application. i would be surprised if the justice department would have been able to defend the case in court. cory: do you think the justice department -- there is new logic. the old logic was as long as there is not overlap, there would not be a monopoly. this is a new era. digital boundaries are different. harold, is there something new out of the justice department? harold: well, if there is a new logic, we would like to see a written decision from the justice department about what it is. you are right. in the past, if there were not overlapping markets, it wo

it may force comcast to say enough is enough.stice department and the fcc have a great here? >> you have two issues at hand. one is there a significant documentation tied to the prior nbc deal. the justice department does not believe comcast operated in good faith following the nbc decree. they asked comcast to do things as part of that process. they are not happy with how comcast lived up to that dissent decree. the other side, there is no constituency consumers, media companies, everybody seems to be worried that giving comcast control of so much of the internet is going to create long-term problems. maybe not problems today, but how can this in the best interest of americans? i think this is a death sentence. what does brian roberts turn his attendant -- turn his attention to to buy. they are going to buy something else. do they look overseas? comcast has no wireless strategy. do they get bigger through a team of acquisition? everyone thinks charter steps in to buy them. tom says you have been doing this for years. how despera

. >>> cutting the cord, no deal for comcast and time warner, what's the cable trade now?ll break it down. >>> and look at the markets, the nasdaq is just three points off of a new high. a record high. these four stocks all reported earnings last night. dr. jay, how far can we go with support like this four major stocks of the nasdaq 100 coming in with better-than-expected earnings surging on the back of them. >> take look at microsoft. of those that reported i thought this was one of the most impressive. microsoft trades at a 17 pe. when you're talking bubbling and whether or not it's a bubble. this one looks very attractive to me, probably into the low to mid 50s. in other words, breaking through 52-week highs, i'm not saying today, but this year, think the stock has 55 as the target on it. >> did we reset on microsoft? the expectations going in were so incredibly low, they warned in january about slowing revenue growth for the rest of the year and here we are. >> well melissa, this is about expectations and i think expectations across all of what i call old-line tech ar

contrast -- comcast owns nbc. alix: what does comcast do now? how much of a black eye is this for brian roberts going forward? amy: focus on fundamentals, shareholders are happy this is a point in time where they can think about the core business and you don't have to think about too much m&a speculation. down the road it would not make sense for comcast to look at wireless assets, perhaps expand internationally or maybe bolster their nbc assets. alex: they are in m&a target. they have been for years. it's not really new news, but i would say comcast becomes a more likely buyer for cablevision. they were going to get new york through this time warner cable deal. cablevision is another way for them to get new york because cablevision and time warner cable's. i would say immediately comcast becomes a likely buyer for cablevision, but cablevision is one of those companies amy mentioned where there is a controlling share -- shareho lder. alix: do you agree that comcast might be a good buyer for cablevision? amy: i think alex is right. new york is on

on this news of course comcast trading up about 2%.tion indicates i guess that taking on time warner for either one of these companies would be a financial challenge. >> that's what surprised me frankly, kelly. comcast is making an expectation that they take some large-share buyback perhaps. this is an all-stocks deal not an all-cash deal. that said charter's stock price has been a very solid performer for quite some time. we'll have to wait an see how this plays out. people are just trying to fully understand all the implications. one of the implications is that charter failed to acquire bright house that failed to happen. that was a large transaction announced only a couple of weeks ago. another company called great land is companyno longer going to be in business. as for the performance of the stock, i think some people are surprised comcast is strong here given there was a great deal of strategic rationale why you'd want to do this deal. everything i picked up indicated the cost savings may have been larger than anticipated early o

comcast joins me today to talk about the big merger. by the pendulum has swung in the last 14 months. rich greenfield says it is likely this deal is not going to go smooth. we will talk to him in just a few moments. the great divide. just of cigarettes -- joseph stiglitz also joins us. his personal passion i studied for decades. u.s. authorities are making big charges against smalltime traders in the u.k.. they say they played a major role in the flash crash five years ago. disappeared in a london court today. the hearing is going on. prosecutors say he used an illegal trek to artificially move prices. they say that helped cause the dow's wild 1000 point rise on may 6, 2010. he is accused in a scam that netted $40 million. we will talk more about spoofing in a moment. many are waiting to see how bill birds fares. and big bet against german bonds. slow economic growth in europe. >> the yield difference between the two is about 200 basis points lower for germany. 200 basis points lower in germany, what does that say? it says u.s. treasure

and if possible, were service from comcast. cable have the distention of being the worst and second-worst in terms of customer service as rated either customers of all appropriations and the country. betty: this field -- we haven't gotten any decision handed down so let us say that if this deal does go through, what would you do? senator al franken: i would be extremely unhappy. i have been against this since the day it was announced. i think when this was announced about 14 months ago, it was considered something of a fait accompli. it has been moving in a direction where the regulators see this is anti-competitive and not the public interest. i would be surprised if this were approved. i would be very disappointed. betty: senator, thank you so much for joining us. one of the big critics of the comcast and time warner cable merger. back onto the big news that just broke a few moments ago by the white house the disclosure of the killing of two hostages in a counterterrorism operation. the president will be speaking in just a fe

how about comcast? >> here's the problem with all of that. time warner cable ends up being a relative winner because there's a bidder out there. charter ends up being a relative winner because now they get the stage to themselves to roll up the industry. you can make a good story for everybody relative to each other, but you have to be careful about overplaying this relative game because nobody is stepping back and saying wait a second, what are cable assets really worth right now because you step back from this and say, okay, but we just had a momentous regulatory decision that hangs a cloud over this whole industry about broadband pricing power because of title 2 regulation. that never got priced in because of all of this other noise. >> interesting. >> is there a real risk to cable valuations, and i think that's my concern. >> that would make it seem like comcast would be the best out of bunch since it not only has a distribution but because it has content. >> well, it depends. also have some problems on the content side. advertising is re

it did not help time warner and comcast's case. that will be a factor normally the justice department's review but also in the fcc's as well, which is also ongoing. tom: there is another buzz going on today brendan: as well. -- today as well. brendan: peter, you're talking to paul ryan, there is an op-ed he wrote in the "wall street journal" about trade. he is on a sweetheart tour to talk about trade right now, is that right? peter: he is feeling good about chances for trade promotion authority in the trade deals to get through. this is someone who stood in opposition of the president, and whole host of issues part of this ticket back in 2012 now, this president and paul ryan are shoulder to shoulder on trade, and the president needspaul ry paul ryan's help. things are looking good, but there are questions about whether or not there will be republican defections, and whether or not democrats will stand in the way of their own president. tom: peter cook, thank you so much. his conversation with paul ryan, we will look for that later

been challenging comcast for years.rk with me frank eliason who used to be a comcast executive. he's now the author of "at your service." thank you both for being here. >> thanks for having us. >> thank you. >> what happened here? how did this deal die? >> well i think that we saw, brian, over a million consumers from every city in the united states including philadelphia just say that they've had enough. whether you're someone who's low income struggling to access the internet. whether you're a customer who was disrespected with hours on hold. there's a generation of frustration that people have been expressing at their media companies who just haven't let them have communications as a human right -- >> but conventional wisdom is that lobbying power always beats community organizing power. >> i think this year has shown the absolute opposite. i think we've seen 4 million people stand up for net neutrality. i think we've seen over a million stand up against this merger. i think president obama, chairman wheeler, and cou

. >>> still ahead what happens when those from comcast and cable meet with regula >>> black rock agreed to pay 12 million dollars to settle claims. it breached its duty but not disclosing that a top manager was also overseeing a oil and na in a settlement with scc lightning agreed agreed to hire a compliance consultant. >>> comcast set to meet with regulators and government officials are looking close at the proposed mega merger would mean to competition in that industry and to consum we have more now on what's at stake as the scrutiny . >> when comcast and time warner cable sit for the sfirsfirst time on the table possible con deal is getting more difficult over the las. >> they fear the deal won't go through looking at the concerns about the combined company controlling 30% of the paid tv market and50% of broadband market. possible concessions include difesting 30 million customers. they already agreed to deals to sell nearly 4 million customers and comcast could agree to extend commissions to nbc commercial acquisitions beyond their expiration in 2018. >>> another hot topic, net neut

comcast is not just going to sit around.now the whole way we're looking at cable, programming, broadband, whatever. this new entity if itmerged more than 55% of all broadband in america could be controlled by comcast. no matter what structural remedies you do we don't know what is going to happen next. we don't know the next netflix. >> that is comcast's point, too. we don't know who the next competitor is and our business is being shaken up. >> how do you unbundle and do over the top if there are so many dominant players. >> you all had me on earlier last week and we were talking about netflix. the average household streaming two hours per day was zero five years ago. over the top is the story. the headline story of 2015 is over the top video. i think it's really put the government in a very difficult situation, just as over the top videos exploding. hbo saying you don't need cable any more. all you need is the slogan of the commercial and all you need is the internet. in a world where it's all about the internet and all ab

what is comcast do? does comcast decide they want other cable assets? maybe they want to buy bright house or go other another asset. maybe they want to turn their sights elsewhere and do a big deal internationally. all these things are on the table. it blows the home media industry wide open. alix: like you said chaos. thank you, alex sherman. we have less than an hour until the close of trading. we want to get to the breaking news desk where scarlet fu is looking at all the action on the street. very significant downdraft in stocks. the s&p right around the lows of the session. scarlet: i will start with the size and scope on the decline. there are more than nine stocks lower for everyone up. for all three indices, it is the biggest a client in three weeks. in the s&p 500, all 10 groups are down. this is hardly limited to the u.s.. the exchange traded fund that tracks chinese shares is our best gauge of sentiment on china. it is off by more than 4% after chinese regulators tightened rules on margin lending and made it easier for short-sellers to short

today is comcast cares day. there are 16 different projects going on here in the state of california. those projects took place in menlo park that is where volunteers gave a flood park a face lift. a lot of on familiar faces making a difference. we are live in san jose where students were back for big surprise. i saw you earlier there at the school, and it has gotten shined up. pretty well. >> yeah it looks nice and it will be a big surprise for students. the middle school cannot afford to pay for improvements because of budget cuts. but come monday, the student-s will feel like they have a brand new school. >> it's nice to have a nice school. >> even kids know a good environment helps them learn better. >> so the goal was to give the assistants an edge by upgrading the facility. something their shaky finances has not allowed often in recent years. >> the budget only offers so much that you can do. and it happens like every so often. but they need -- >> you pick a project to work on. >> enter comcast cares day a

when people said let's stop comcast, yes. stop them. >> you write tomorrow about negative yields in europe. how easy it would be to get paid to take a loan. >> can you believe this? i don't think people made enough out of this. there are people willing to pay us to borrow. talk about never thinking the nasdaq wouldn't hit a new high. i never thought somebody would pay me to take out a loan. can i get on this gravy train? there are mortgage borrowers in europe getting negative rates. i tried to get it. one way is to get a mortgage in europe. all the doors were shut there. they caught on there. they clamped that down. that is not a viable way. another way more interesting way would be to do a swap borrow here in the united states in u.s. dollars. swap the loan into a euro or better swiss franc doe nominated loan. they don't want to do it unless you have a $10 million. if you are buying an apartment in new york $10 million isn't so much. i'm not in the market for $10 million loans chls in theory if you have a bank willing to do

comcast executives are in washington today to sway and type less -- antitrust lawyers. the justice department wants to see comcast sell assets to keep the market competitive or will follow a lawsuit that file a lawsuit to block the deal. written to the justice department urging them to block the merger. joining me now christopher and the bloomberg intelligence antitrust analyst. what exactly will go down at the meeting today? is this a hail mary? christopher: it may be. they will try to convince them this will not be anticompetitive. lawyers are skeptical. emily: why? christopher: the best estimate is he will take two monopolies and combine them into one. it is not much of an argument. they say they will save about $1 billion in the process. that is relatively's all change. there are worries on the other hand, serious worries, about the merger. there are worries it will be a huge company and will have power in the purchasing of programming and they can use that power to do a variety of things that could harm competition and consumers for example, discriminate against co

. >> comcast/time warner merger is not the first big media deal to fall apart. why the end of a deal could be great news for shareholders and look inside the apple watch the man who did a tear down of apple's newest product what he found and we will trade that. a big fed meeting and lots of major earnings next week. the first move you need to make on monday morning coming up. . >>> shares of time warner cable and cnbc parent comcast higher after news of the proposed merger has been called off. earlier on "squawk box." comcast ceo brian roberts explained why his company walked away from the deal. >> obviously we wanted to bring the products that we've got that we're very proud of to new markets. but it's not going to happen. so we reached that conclusion. we always structured this deal in a way that will allow us to walk away if it looked like it wasn't going to happen and that's where we're at. >> the end of the deal doesn't always spell trouble for the stocks involved. for example, the after charter bid for time warner cable in 2014 both stocks were higher with

it looks like the comcast dropping its plans to buy time warner cable.5 billion takeover bid would have produced one of the largest media mergers in years. the reported comcast withdraw comes in stiffening opposition by fcc regulators. comcast officials met with the fcc earlier this week trying to salvage the merger. several media outlets including "the new york times" and "wall street journal" say an official announcement is expected this morning. >>> the nasdaq opens trading at an all-time high. the tech heavy index gained 20 points yesterday closing at 5,056. beating the record set in the march of 2000 at the height of the dotcom bubble. both the dow and s&p closed higher as well. dow rose 20 points and s&p gained four points just below its own record set last month. >>> for the second time this week an ice cream company is recalling all of its products after listeria was found in a sample. jeni's ice cream says it was distributed in u.s. retail outlets and online. listeria was found in a sample of jeni's ice cream taken at a whole foods in nebraska.

comcast is the parent for nbc bay area so familiar faces here.in to clean up and make a difference. >> nbc bay area's annette miranda in san jose for a project that will surprise students on monday. >> it's nice to have a nice school. >> even id kids know a good environment helps them learn better. the goal was give san jose's middle school students that edge by upgrading the facility something the shaky finances hasn't allowed very often in recent years. >> the budget only offers so much that you can do and it happens every so often. >> you can pick a project to work on. >> reporter: enter comcast cares day, a dpodsend to such a school. nearly 700 people many of them employees, signed up for just this project alone. the grounds got new bark the exterior got a new coat of paint, some places got a good old fashioned scrubbing. >> what we do in one day will take them six to seven months to get done and the cost which is not in the budget unable to do it so this is wonderful for us to give back to the community. >> reporter: comcast is the parent co

the 14th annual comcast cares day is happening tomorrow.s the nation's largest single day corporate service event. 95,000 volunteers help improve communities across the u.s. and abroad last year. this is video from some of our nbc 10 employees working at the germantown boys and girls club last year. for more information for events happening head over to nbc10.com or the nbc 10 news app. >>> in addition to comcast cares day it's a big weekend for history buffs in our area especially civil war buffs. the state park will host an annual civil war reenactment. it's especially meaningful this year since it marks the 150 years since the end of the civil war. chuck gillson is a civil war reenactor. he's here to talk to us. it's good to have you here. >> thank you. why is this in buck's county? >> it started out as a way to raise money through reservation. through the years we donated close to $40,000 toward battlefield preservation. >> talk to me about what people will see. >> they'll see a lot. we have artillery, calvary groups. we have two milita

where everyone is offering internet tv and comcast owns nbc, maybe you buy a comcast package when they take it exclusive and not offered to any of the different competitors that are out there. john: hundreds of millions of dollars of comcast money build the pipe. we would like to price all content equally, whether it is amazon prime a hulu movie, all this heavy stuff. how far will comcast bend to accommodate regulatory imposition that can get costly in the long term? john: do you pull back and say i want to do these other deals maybe you want to do this content globally? maybe i better save some of my bullets and do that one. john: you want to worry. stephanie: to you think comcast regrets buying nbc? if you think about all the headaches you have got yourself into in the last three years, they want to -- john: 100% no. alex: comcast's heads in this new world where they can take and see theoretically exclusively. they are well. maybe they are upset about nbc news. stephanie: if you are roberts and see all the settings with nbc, they don't need it. john: think of when charter bought brig

the latest on the comcast time warner cable talks.ll you the conversations with the justice department are over. at least based on the departure of the lawyers from the justice department. he saw one of the top lawyers enter the building along with an outside lawyer, therefore about one hour. when they left by side entrance, she did not have anything to say. on the substance or whether or not they had made progress. the backdrop, real concerns at the justice department about the combination between time warner and comcast. the question is did the move -- meeting move the needle at all we have to see. alix: thank you peter cook. moving on to robots. for less and $12 million artificial intelligence has been brought to life on the silver screen. the new film "ex machina" with made on a tight budget and has been getting rave reviews for its portrayal of beauty and robotics existing as one. with me is to explain the films writer and director. congratulations. guest: thank you. alix: i saw the trailer over the weekend and it scared me to de

for affordability, really, the only thing right now is what comcast offers and you have to have a child in the school district to access that which you know is a perfectly fine program but doesn't cover all the population that face affordability issues. >> in our budget committee yesterday colleague we had the ten-year capital plan presented before us and i know we had the technology plan as well but just thinking out loud, i would hope that we look at municipal fiber networks as a potential and i know that we have in the past from 2007 but i guess my question is why the city is not thinking about the economic potential to consider that chat anooga now a city of 160 thousand is calling itself the fastest city in the u.s. and perhaps in the world of having this smarter smart grid and looking at the economic benefits for business but also the leaving no one behind at their homes so really the equity capital in some ways for technology but thinking about our planning my hope is that we start thinking like chat anooga and other cities for high speed for everyone and that was more of a comme

comcast is the parent of nbc universal. as the next step for comcast.lly based company could seek out a smaller takeover target. that may include time warner lie on's gate or netflix or t-mobile t-mobile. happy friday. >> happy friday. landon dowdy, thanks. >>> now "nbc 10" first alert weather. >> just got a bit colder now. 38 degrees and the wind is blowing. it feels like it's below freezing for most of the area including the shore. the temperatures have come down. you will see something that we didn't get much of yesterday. it will be nice and bright this afternoon. 5:25 and 38 degrees. jessica boyington in the first alert traffic center. good morning, jesse. >> good morning, bill. good morning, everyone. out on the schuylkill expressway. the construction project has lifted this morning on spring garden street on the eastbound side. no problems in both directions. we'll check in with mass transit. >>> 5:26. following two breaking news stories for you in philadelphia. >> the first of those, matt delucia is live on the scene where a delivery driver was

as of close of stock market today, comcast stock is up $1.44. have reached out to comcast for comment. they have declined any interviews today. live in center city randy gyllenhaal nbc 10 news. >>> skyforce 10 over the scene of an overturned dump truck in chester county. this is in upper yuklin township. the truck tipped around noon today. the road closed for several hours. it's back open now. no one was hurt. >>> a construction worker became trapped in a trench as it gaved in this morning. skyforce 10 over the scene at summerdale avenue and emerson street in rhawnhurst. rescuers had to pull the man out after he became trapped in dirt up to his waist. he's expected to be okay. >>> they're one step closer to reaching a final chapter in the boston marathon bombing case. prosecutors rested their case today in the penalty phase. defense lawyers will lay out their reasons to spare the life of the surviving bomber. we'll take you live to boston. next. >>> and months after this deadly hit-and-run, philadelphia police still need your help catching the t

comcast shares moving higher. they're now trading up about 3%. the stock hitting highs of the day. the all-time high was set at around where the stock is right to you. now the shares are moving higher on a report that comcast is going to be dropping its bid for time warner cable. this comes on the heels of news of the fcc putting a potential road block for that acquisition. >> thank you. we've had officially no comment from our parent company but it is clear, kelly, that the regulatory environment, regulators were really going to be asking for major concessions when they met with both sides earlier this week. >> we've been hearing reports for days now that the tide was perhaps turning against this deal. other deals obviously affected by this include charter, brighthouse, look for liberty, look for john malone again on reaction to all of this. that's why some of these names are moving in a big way today. the debt has also been moving. now that the fcc's asked for this review panel in the last 24 hours, that also was an

i will tell you some of my investment talks say -- one of the thing comcasting that is not true.but what is my sort -- yeah, there it is another saying that is not true. [laughter] >> take it for what it is worth. >> third ring is it is true. >> you know, comcast has a lot of problems under its own, you know -- its own what that has to do with nbcu, has to do with customer service. you know it is interesting that everybody including i would suspect number three, right, why leave my phone on? everybody thought this was going to sail through, you know, the justice department and the trust division. what they ill failed to recognize is overlap between thyme warner and comcast. >> broadband control is something significant. >> i'm telling you man, this thing a lot of people are saying in retro spect you know, street was way too overly optimistic but we'll see. >> you're working it. by the way tomorrow is a date where comcast meets with the justice department on the deal. >> go look at that and tell me if somebody is saying you're root or wrong. charlie thank you very much. closing be