betty: speaking of the german owner, deutsche telekom, there are reports that one of the reasons whyl might not happen with t-mobile that they do not value dish shares as highly as you value them. there is a disconnect there. where do you think dish should really be trading at? charlie: i never can predict the stock market. i would only say that, in the long run, we think our shares are undervalued, and i think the spectrum value we have -- we are probably undervalued with the spectrum position we have but we have to prove it to the marketplace. betty: undervalued by how much, charlie? charlie: i don't know. i can only speak as a shareholder. i have not sold any shares recently. [laughter] i still have the shares from when we originally started the company. i believe in the long-term life of the company. this is our 35th year. i think our best days are ahead of us. it is ultimately how you can take advantage of the things that may happen in the marketplace to grow your business. you cannot be afraid of change. you have to have a team that can adapt to change and be willing to change

deutsche telekom had a clear beat helped by the weaker euro and the u.s. sales.onathan: on the move for the next 30 minutes. we will keep the conversation on the miners. we will also have rio tinto ceo, sam walsh. ♪ jonathan: good morning and welcome back. 30 minutes into the trading day, let's see how things are shaping up. the extraction businesses are leading the losses this morning. the stoxx 600 up to present -- up 2%. the euro, south of the dollar 10 -- 1.10. euro sterling, down by 2/10 of 1%. the target -- gold is south of $1100. brent crude is below $50 a barrel. decent stock stories, let's get to them with caroline. caroline: this move is the biggest on record with this particular company. the world's largest ins i maker -- ins i maker -- numbers are not good. second-quarter earnings missed analysts estimates. sales growth goals brought down a bit. they could still grow anywhere up to 16%. novozymes worst performer on its record. dutch post also following -- falling. earnings were 12% below estimates. they are saying the strike affects are what hurt, 100

betty: speaking of the german owner, deutsche telekom, there are reports that one of the reasons whyght not happen with t-mobile that they do not value dish shares as highly as you value them. there is a disconnect there. where do you think dish should really be trading at? charlie: i never can predict the stock market. i would only say that, in the long run, we think our shares are undervalued, and i think the spectrum value we have -- we are probably undervalued with the spectrum position we have but we have to prove it to the marketplace. betty: undervalued by how much, charlie? charlie: i don't know. i can only speak as a shareholder. i have not sold any shares recently. [laughter] i still have the shares from when we originally started the company. i believe in the long-term life of the company. this is our 35th year. i think our best days are ahead of us. it is ultimately how you can take advantage of the things that may happen in the marketplace to grow your business. you cannot be afraid of change. you have to have a team that can adapt to change and be willing to change and

in the past with privatization, like the greek telecommunication company, which was bought by deutsche telekom, which is also a state company. amy: buying greece? >> i guess. , thankstas panayotakis you for being with us, author of, "remaking scarcity: from capitalist inefficiency to economic democracy." professor of sociology at nyc college of technology at cuny. as we turn to democratic presidential hopeful bernie sanders, who recently convened a panel of economists in washington to discuss the debt crisis in greece as well as throughout the world. austeritynders said has worsened the situation in greece. this is some of what he had to say. >> we're here today to talk about the very, very important issue regarding the ongoing debt crisis in greece and the way that people in governments all over the world are struggling with too much debt. we're going to be focusing on greece, but in truth, this issue goes beyond greece. countries that are struggling not only with too much debt, too much inequality, and too little growth and income. today, as i think all of you know, there's a very, very seri

deutsche telekom, they had a 13% increase in revenue. francine: hans nichols in berlin.s still with us. if you look at some of the stocks, a lot of these names are on huge cost cuts. then you have the commodity rout and m&a is back. how do you pick stocks? >> it comes down to capital versus the cost of capital. looking for businesses that make positive spreads. you can behold into believing that some business models are stronger than others. the one thing we talk about regularly is recognizing the interest risk -- the increased risk. you are starting to see that in some of the mining stocks. you've seen it in some of the oil plays in the u.s. i think we will start to realize that and see more companies moving into chapter 11. there is an opportunity for m&a. we continue to watch that space. not just the mining, but what i think you are seeing is a bit like adidas this morning. the need to strengthen the relationship with the customer. they always prided themselves on the high-quality of their sports apparel. ultimately, it is the relationship with you and i as consumers.