we know comcast is trying to buy time warner cable and at&t trying to buy directv. we have not seen a focus of more players you. >> the distribution consolidation is on the way. that's already started and will continue, which i think is very bad for consumers and very good for those companies. bad for consumers in that it stifles innovation. there is pricing issues in terms of internet connectivity. there has been some consolidation but not to the same level. i think it's going to be necessary for it to happen. disney is a $150 billion company with significant leverage given espn and other companies. time warner as recently as a few years ago was trading in the $20 billion to $40 billion range. it will be a necessity to consolidate over time. it makes sense from a business standpoint. i'm just not sure it makes sense from a consumer standpoint. >> how do you think this will play out? 21st century fox and they're willing to pay more. comcast and other potential suitors like at&t are busy dealing with other potential acquisitions. how do you expect this to go from her

there is the antitrust situation directv and and comcast and time warner. he's seizing on a situation where he thinks it's the right time. it's the right time to borrow a lot of money because interest rates are so low. a lot has come together to make a deal make a lot of sense for murdoch. >> a lot of these megamergers don't have a great track record. aol time warner going back a decade. we mention some of the cultural differences, the rivalry between fox news and cnn. beyou think there would cultural differences between time warner and 21st century fox? could those be surmounted? warner duringme that merger and that cultural fit was very fickle to overcome so i understand the issues that could take laissez-faire merger that cultural fit was very difficult overcome so i understand issues that could take place between a merger. that is less of an issue. at a larger company, fox studios and warner bros., very different cultures. you have different properties inside of the cable networks that would be difficult cultures. i think it's a really big question. a m

we know comcast at the same time is trying to buy time warner cable, at&t is trying to buy directv. you haven't seen a merger of context-focused players yet. >> sure. i think the distribution consolidation is on the way, and that's already started, and it's going to continue, which i think is very bad for consumers, very good for the companies. it's bad for consumers, there's pricing issues, and in terms of internet connectivity, etc., and that's a concern on this side. on the content side, it hasn't been to the same level and i think it's going to be necessary for it to happen. so this is a $150 billion company. it has significant leverage, given espn and other properties. some of these other companies, whether it be time warner, recently just a few years ago, was trading in the $20 billion to $40 billion range. to have leverage with your distribution partners is probably going to be a necessity for these content owners to consolidate over time t. makes sense from a business standpoint. i'm just not sure it makes sense from a consumer standpoint. how do you expect this to play out?

directv sales stand alone video product. what we sell is a broadband tv bundle. in the tv business only because our customers want tv to go with broadband. so we don't even make money on tv. >> you said something very interesting. i hope you can explain to the viewers. i didn't fully appreciate it. now i'm starting to understand. i said to you something to the effect people think of satellite as an old technology, ten years from now, it's not clear to me if people will be using this type of technology, because they want to have the two-way broadband technology brought to the home. you said you will be able to use the satellites to actually put a lot more of the video over that and be able to utes the other stuff more efficiently. how does that work? >> there is no more elegant and efficient technology for distributeing video than satellite. now, it's one way in nature. right. it doesn't have the two-way characteristics, there is no more efficient way to deliver it than slight? you think where does it go next? you think of ultrahigh definition video. that's major

i'm on netflix and directv. >> you're on cable. melissa: i'm on directv. that is what i have. >> aereo undermined and trying to undermine, luckily they are shot down american media companies. >> i'm with you. i want to throw my cable bill out the window. melissa: even though you two are on cable and also on directv. that will okay. >> hopefully we'll be on netflix and be done all together. melissa: there you go. say it isn't so, one analyst says tgi friday's delicious endless appetizers promotion, could quote, destroy the chain. destroy the chain? this is very harsh language. aaron allen from aaron allen an associates. for all we know he is in his mom's basement. short term, friday's will definitely have more traffic. long term it will damage their plan and destroy them. signal of a desperate brand. no? >> tgi friday's is about alcohol. $10 for unlimited appetizers? tgi friday's will do just fine. this is no friendly's where there isn't money made on breakfast and dinner. i think friday's will do just fine. melissa: i sit there and put 20 potato skins. i c

as a result, you see issues like directv and at&t, where directv essentially obtained the rights to sundaywill see with comcast, time warner, charter, interest in sports rights to drive their revenue because consumers will move from provider to provider based on the sports that are being offered up. >> lee, great to see you. thank you so much, lee berke, of lhb sports entertainment and media. moving and shaking this hour, jpmorgan ceo jamie diamond. jamie diamond says he will be starting treatment for -- moving and shaking this hour, and jpmorgan ceo jamie diamon. dimon will cut backm on travel. is 58 years old and has been ceo since 2005. he guided the bank to the financial crisis without a loss and according to a person familiar with the matter, jamie dimon has said he would like to run jpmorgan for another five years, but still his illness is raising questions about the bank's succession plan, although he says they have a deep edge. staying in banking, wall street has long been accused of being an old-fashioned boys club and we could soon get a glimpse behind the curtain if the allegati

>> i'd like to ask you about directv, jim. >> to me, directv is kind of done.t's a terrific situation that might have made you money. ring the register and move on. we'll find the next directv. jeff from my home state of new jersey. >> caller: thanks for taking my call. >> absolutely. >> caller: i own stock in tumble navigation. lately it's been heading south? >> trimble is like garmin without the extra bells and whistles including a decent dividend. you should actually -- i'm not a big fan of trimible. it's done. if someone wants to kelme why i'm wrong, i'd love that. robert in florida. >> caller: big boo-yah from tallahassee, florida. >> say hello to the espys. >> caller: navigator holdings. >> i like that stock. that's liquefied natural gas. another contract tonight. you are in a sweet spot. hold on to that. evans in new jersey. >> caller: boo-yah, jim. i love your book. >> thank you. >> caller: chesapeake energy. >> chesapeake's okay. there's a lot of others better. if i want a natural gas plan, i would tell you conoco. that's coming back down. i lookic tha

you have at&t acquiring directv. there is a certain logic that could be put forward that broadcasters or content players should be in a position to come together in a big way. there has been a lot of discussion about cnn. so far, because of the fact that fox is home to fox news and fox has made it known that cnn would not be a part of this transaction. they would sell that asset to get this deal done. >> talk to us about how a deal would reshape the industry. wouldd he thought it start a feeding frenzy throughout the media world. is that possible? >> it's possible. we have been writing about it a lot over the past couple of months in response to the consolidation on the pay-tv business already. balance of power is changing a bit. it's going to the distributors as they get bigger. that will probably force a lot of the content players to think about bulking up themselves. it time warner would be the big transaction. there is a lot of smaller that are very strong cable network companies but perhaps they might look at th

warner cable being swallowed up i comcast and at&t not able to do anything because it is acquiring directv is a very different tone than to say, we are not interested in doing this deal at this price because we are worth more, which is certainly the way things played out with time warner cable. if there is this view that the shareholders are getting something that also helps foxx, maybe they will be more willing to do a deal like this. , maybe also helps fox they will be willing to do a deal like this. withe of the weakest deals the $75 billion deal is a predatory issue. cory johnson here with more. us, other thanor cnn, are there issues? wexler could be issues. it is really about the concentration of the business. a lot of the rules about cross media ownership have changed. there was a time when you cannot have a broadcaster could not own a newspaper and a tv station in the same town. those rules have changed. >> what did prevent the deal from winning governor approval? the former commissioner joins us from washington, d c. harold, you heard cory say earlier, are there other issues beyond

i trust the situation between at&t and directv. think he is seizing on a situation where he feels it is the right time. it is the right time if you want to borrow a lot of money. interest rates have remained so low. a lot of things have come together in the same period of time. these do not have a great track record. we mentioned some of the cultural differences, do you think that there would be cultural differences to train time warner and 21st century fox and could those be surmounted? >> i was at time warner during that difficult merger. i can tell you that was very difficult to overcome. i understand the issues that could take place if a merger between fox and time warner happen. i don't think the newsgroups could stay as one company. cnn would probably need to get sold to the transaction did happen. culturally that is less of an issue. you have fox to joe's and warner bros., very different cultures. different properties are within the cable networks. it is a really big question and i think a merger here would have to be done c

between directv and comcast time warner, he is seizing on the situation where it is the right time.nterest rates have remained so low, so a lot of things have come together in the same time to make it a deal that makes a lot of sense for murdoch. >> some of these mergers don't have a great track record. going back to more than a decade ago, he mentioned the cultural differences, the rivalry between foxnews and cnn. do you think that there would be cultural differences between time warner and 21st century foxx? >> i was there during that difficult merger and it was very difficult to overcome. >> i understand issues that can take place. as for the newsgroups, i don't think they can stay as one company. cnn would probably give it did happen. as a larger company, you have foxx studios and warner bros., very different cultures. you have very different properties that had been very different cultures and i think it is a really different question and i think a merger would be done carefully and for a very significant time, keeping the company separate is a likely outcome. >> you're talking

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offered in february to buy time warner cable and in may the people at at&t made a bid to acquire directv. >>> myanmar is opening up and japanese companies are moving in to fill the demand. they are teaming up to launch cell phone services in the country. executives of the two companies said they will form a joint venture with the state-owned post and telecommunications. npt is currently the sole carrier. the japanese firms will set up base stations and provide technical and other support. >> translator: we see little prospects for growth in the japanese market in view of the shrinking population so it is very important for us to do business in myanmar where mobile phone penetration is still low. >> only 10% of the people in myanmar have mobilehones due to lack of infrastructure. >>> oyster farmers in northeastern japan are looking into the water and seeing better times ahead. many of them saw their boats get swept away in the tsunami three years ago. now they are working to rebuild what they had with a little help from modern technology. nhk world reports. >> reporter: for generations fi

morning, catherine, cake provider comcast rivalled by time warner cable back in february and in may, directv. media giant 21st century fox was looking for a change, but they've been rebuffed in an $80 billion bid to buy its rival, time warner. time warner owns tv stiegss including c nerks n. officials from both companies say they're not discussing the matter at the moment. investors turned, again, to buying stocks on wall street. strong business results helped lift sentiment. the dow jones industrial average set yet another record and that's for the 15th time this year. let's get a full update from ramin melagard. good morning, ramin. what's happening over there today? >> good morning, yi. weaker yen should really be supported for japanese exporters today. we shall see. but let's have a look at opening levels for the nikkei and the broader topix for july 17th. and the nikkei and topix both in the positive right now. 1,277.74 for the topix. yi, of course, time warner rejected fox's $80 billion takeover offer. and shares surged on wednesday by just over 17%. so a lot of activity there in the s

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directv making nfl sunday ticket available without a satellite subscription for $200 with live streaming to computer, tablet or smartphone. but it is only offered in select areas around the country. >> how did you like a selfie with the morning coffee? new custom toasters will imaren't your favorite selfie when you insert a slice of d youe born from 1945 through 1965 have the highest rates of hepatitis c, but most don't know they're infected? people can live for decades without symptoms, but over time hepatitis c can cause serious health problems. if you were born during these years, the cdc now recommends that you get a blood test for hepatitis c. so talk to your doctor and find out if you have hepatitis c. it could save your life. know more. toxic chemicals and carcinogens are leaching into the environment. it's happening right where we live, work and play. everywhere. cigarette butts are toxic waste. let's stop the toxic litter. learn more at rethinkbutts.org >>> covering los altos, antioch, petaluma and all the bay area this is abc7 news. >> israeli military is preparing for a "signi

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at&t is buying directv.panies are making big moves to try to come to a reckoning with technological forces that are changing the way people consume content. >> the times they are a-changing. making of deals, fiat's owners are exploring a possible takeover deal, according to manager magazine. shares have rallied on this story. hans nichols joins us. what i read reading into this report from this one particular magazine? >> well, owners of the stock at fiat or potential owners think it is ture. rue -- it is true. fiat is giving it some credence. volkswagen is down. this is anonymous. in a magazine. seriously is that they have according to people familiar with the matter, the shareholders, the family that controls fiat. they have shareholders talking. that is a remarkable move. we have known for a long time that the family is interested in alfa romeo. on the con side, there is bad blood between fiat and volkswagen. they are competitors. it does not make sense for fiat when you think about one of the biggest aut

we all know that if dish and directv got together it would have created a regulatory morass.it was approved, synergies would have been astronomic. they don't tell you it's dish, but i am. company a is what -- >> company a. >> company a back in december, and then in april, signed a confidentiality agreement. didn't go far, and, of course, during this point in time, not in december, but not soon after in march, got at&t enter the fray. they originally, interestingly, at&t's first conversation about a deal was back in july of 2013 when they discussed the strategic merits of it. but at&t comes on strong, and, again, you know, not clear there was a great deal of enthusiasm or passion behind the idea from either side because of the regulatory problems, but they talked. the real question, jim, what are they going to do with direct and at&t, of course, onltar, probably going to get married if they approve the deal with sprint and saying many times, most likely a few weeks away at this point for the announcement on a deal with what will be a $2 billion breakup fee. remember, i told yo

the wholeu mentioned context of this, media consolidation and how this might to directv and at&t andossibly this. >> a phrase people need to get comfortable with for the net -- for the rest of this year is a knockout effect. buyast does a big deal to time warner cable. that leaves at&t to say, maybe we ought to be doing something, so they go to directv there it down the road, we will have t-mobile and sprint. that gets rupert thinking, the distribution guys are getting together and the content people need to as well. you look and say, ok, how is discovery doing the world, etc., and it seems especially in the space, one deal begets another deal. >> right, and you have to chase that trend. >> just the idea that there are new possibilities and things to look at. >> rupert murdoch, is he leaving plate for his successor, whether it be james murdoch, where he is saying, i will give you this company that will be big as it is with all the pieces in place, and you just keep it on track? cuts i think so. if he were to get this transaction done, it would be of extraordinary dealmaking. this is

is consolidation happening on the distribution side -- time warner cable and comcast merger, at&t-directv merger. it makes sense for content companies to get bigger. >> thank you for joining us. our bloomberg news reporter on the story. i will bring in david kirkpatrick, author of "the facebook effect." matches rupert murdoch who wanted to put time warner in play. some of the big silicon valley companies were rumored to have won a time warner -- wanted time warner. >> i would downplay the idea that google would want to buy time warner. they would experience something comparable to what they experience when they bought motorola. a company with an inferior business model. they did not know what to do with it. they figured out how to get rid of it. google has -- pretty much all the silicon valley companies have way better business models in the long run. they have much better margins than time warner. time warner is a great media andany, much more efficient slimmed-down. it makes a lot of sense for companies like companies to combine with one another. fox and time warner have overlap in thei

directv is saying that they get money from having these bundled packages they try to bundle everything up together so you know they make it so it's very difficult for you to get the individual pieces and if you can sort of find out ways to get them online you can probably reduce your bill right and what i found also interesting is that you know there's all this stuff coming out with comcast and how basically they're structured in a way that you can play a comcast they're called like retention employees that when you call to cancel they get paid if they keep you from canceling and if they don't they're not going to make commission for that month which is bonkers and have a gross in a lot of them and we shouldn't do a story on that maybe tomorrow you know you have got another one interesting actions well ok now let's move on to an sets out and analytics company has come out with a report that says google play accounted for sixty percent more downloads than apple app store it's a huge difference yeah but it was still making the. i mean were they ever not maybe someday but not anytime soon

let's ask him unless stakes in both companies. ,is holdings include viacom at&t, directv, cbs, the list of media investments goes on. with a stake in the proceedings on both sides, what do you want to see happen? >> well, we are holding both of our time warner and foxx. this will go higher. assured of that. foxx has responded, probably overreacted to the bid. the behemoth company, a lot of synergies, a lot of power. but it is a matter of price. >> up until what point are you $85 or it wast is at the time of the announcement, i think it is a little bit less now because foxx shares have dropped a bit, but call it $85, which should murdoch be prepared to spend. the street is thinking hundred dollars. kyle i don't think we have a particular number in mind but you could finance with cash flow but something like $40 a share and you could put in other forms of security site referred for additional stock. limit on the amount of stock that he puts into the transaction is how deluded does he want the deal to be. >> so, you own every media stock there is, what are you looking for? >>, we would lik

t andact you have this at& directv and the comcast-time warner deal. you not wonder about everybody else thinking about where the chips will fall. dish this week came out against the comcast-time warner deal. the broadcasters have been pretty quiet overall about where this is. but we will see. >> all right, jon erlichman, watching disney ceo bob iger walking in, jeffrey katzenberg, michael dell. we are continuing to follow whether you can bring any more scoops. thank you, jon, senior west coast correspondent in sun valley. thank you so much for watching this edition of "bloomberg west ." get all the latest headlines all the time at bloomberg.com. ♪ . >> welcome to "money clip," where we tie together the best stories and video in financial news. we take you behind the scenes of the ceo of american apparel's ouster as well as the fight to try gain control of the struggling retailer. and the emmys -- the nominee goes to netflix. the rise of the new broadcast. and the spiral of violence in the middle east. israel and hamas engage in deadly one-upsmanship.

the fact that you have this at&t -directv transaction and additionally the comcast-time warner cable deal, and how can you not think that everybody else was wondering how the chips are going to fall or play out from here? you had dish coming out against -comcast warner hig cable deal. we will see. >> all right, jon erlichman. we are watching disney ceo bob iger walking in, jeffrey katzenberg, michael dell. we will continue to follow whether you can bring us any more scoops. thanks so much, jon erlichman, senior west coast correspondent at sun valley. thank you for watching this edition of "bloomberg west." get all the latest headlines on bloomberg.com. ♪ . . >> from bloomberg headquarters in new york, this is matt miller in for mark crumpton. this is "bloomberg online." today, tsa expands mobile device checks to domestic flights. then a look at the sun valley conference. ."o's "game of thrones dominated the emmy nominations. two viewers in the united states and those of you joining us from the world, welcome. we have full coverage of the stocks and stories nicking headlines around th

directv is seeing about who can have bargaining power and negotiations in distribution and content origination>> the sec is already currently looking at comcast. joining us from new york, susan, how does this deal strike you from a regulatory perspective aside from the issue of cnn which presumably will be sold anyway? >> this is driven by enormous concentration on the distribution side of the marketplace. the bottom line is that hollywood is scared. hollywood needs a lot of heft on its side of the programming table. >> this is not driven by cable? >> this is driven by the programming industry wanting to make sure that they can reach people that love their programming without having to pay whatever comcast and time warner cable wants them to pay. they need to be able to control their own destiny. if hbo can go over-the-top, it needs to be sure that it can reach subscribers. that will only happen if they have the power to make that true. >> why should the sec not be looking at this? -- fcc not be looking at this? >> that they don't have the authority to review mergers. they're served by the dep

the fact you have this at&t and directv and the comcast-time warner deal. you not wonder about everybody else thinking about where the chips will fall. dish this week came out against the comcast-time warner deal. the broadcasters have been pretty quiet overall about where this is. but we will see. >> all right, jon erlichman, watching disney ceo bob iger walking in, jeffrey katzenberg, michael dell. we are continuing to follow whether you can bring any more scoops. thank you, jon, senior west coast correspondent in sun valley. thank you so much for watching this edition of "bloomberg west." get all the latest headlines all the time at bloomberg.com. ♪ >> the following is a paid advertisement. >> how old does your neck make you look? would you like to take years off your appearance and help remove some of the signs of aging on your neck? for a look that is firmer, tighter and more youthful, you can. introducing cold plasma sub-d, specifically formulated.

ceoe carey ran directv as for many years. he obviously has good input.iverse team at the 21st century fox group. i think there's a lot of should you just merit as long as the deal is the right place. >> jason, a lot of people look at the timing of this offer and say, it is genius because 21st century fox has just completed the spinoff of news corp., time warner has just completed the spinoff of time, so they're very both clean, focused media companies. and at the same time, comcast is tied up with the time warner cable acquisition. at&t is tied up with directv. up with vodafone wireless. do you share that point of view of genius? >> genius. rupert murdoch has been building this business since 1954. >> 1954? 1954. he has made bold moves. he is one of the few newspaper titans to be able to transform into a very powerful for relevant global content play today. we like the fact they're willing to make old moves as long as they're very strong price discipline attached to it. >> let's say jeff fugate somehow comes out ahead here, that he persuades shareholders

melissa: you pick directv, it is synonymous with satellite tv. >> the comcast name is too big. a solution because i heard the nsa wants all of those satellite dishes on top of people's houses. melissa: you chose shutter fly. i personally have been on shutter fly, i buy a ton of things from them, they are buying brands left and right, why do you think they are going away? >> they are offering basically free service for photos. this gets merged into one of those. melissa: we were working from a list we saw online, what about lululemon? >> i think they have great product. i am wearing my yoga pants righñ now. melissa: we couldn't see that, are you really wearing lululemon westmark they look very comfy, they are lovely. >> i have been wearing them ever since my wife found them in my glove compartment. the truth is they have a great cut out, hard-core followers, the ceo has said boneheaded things, i think they will stick around. melissa: you better go home. thanks, guys. germany on top of the world, but they better enjoy it while they last. how a world cup first has dogged the winne

directv, time warner, comcast, all huge deals. have you hesitation in the market. cheap money coming. if nothing else it's better than selling stocks. there was a time when everybody was divestituring. we are thinking about growing organically. charles: these have gone for high premiums. >> yeah. we had a 5 1/2 year stock market rally and the companies are paying a pretty penny. if fox wants time warner, they have to pay a lot of money. >> they are smart and believe it's worth a lot more. they're going to see a lot of growth within the sector going forward, they are willing to pay more. >> the only issue i have is competition, if all the companies are consolidating, where is it going to go? charles: that brings us to our next "real, real deal." jack lew criticizing companies that avoid paying higher u.s. taxes. here's his quote. what we need as a nation is a new sense of economic patriotism where we all rise and fall together. give me a break. obviously, he's throwing the same playbook at corporations with people with swiss bank accounts as unseemly or un-american.

we saw at&t in the process of buying directv. we've seen comcast come in for tim time warner cable. so of course rupert murdoch is looking at this as an opportunistic area to get more in the cable industry. this is an $80 billion. they want to add a number of platforms and hbo is one of the jewels of that particular acquisition that are yo rupert is looking at. >> time warner is attractive not only because of the programming, but also because of the distribution of time warner cable and the rest. is that part of what makes time warner attractive to others beyond rupert murdoch. >> there are very few players that could bid the way 21st century fox can, and rupert murdoch has a number of banks lined up including goldman sachs, so i think it will be difficult for other firms to jump in. i do think as you talk about cnn i believe that is an asset that they would look to divest. there will be interesting buyers for cnn, but i think for the entire time warner that would be difficult to see a number of rival suiters. i've covered m & a for a number of years, merger and acquisitions, time w

we see at&t going after the directvs of the world there's not a lot left to consolidate, but certainlys mentioned earlier, sprint and t mobile were very much of the opinion they would give it a shot. >> jennifer, thank you very much for joining us. >> thank you. >>> let's get the trading action here. i love to report the inker sol rands. they up the full-year guidance, united tech, though, is down. they raised the low end of their guidance. i was surprised despite the adverse ruling on obama care. traders i talked to said supreme court will decide on it. we do have breakouts, sue. we have a new high, 18-month high. traders abandoned that in april and may, and also big caps, the oef -- the s&p 100, is at a new high. it has dramically underperformed and right now they're dumping big money into it. >> thank you, bob. ty, up to you. >>> thank you, the tech sector with a fresh 14-year high today, also the third -- josh lipton is all about apple and dom chu breaking down other big tech stock winners. first to josh in cupertino. >> well, tyler, apple stock has raced higher, up about 25% since

deals in washington trying to get approval and comcast buying time warner cable and at&t acquiring directvyeah, it's about sports. if they can combine the sports rights that channels like tnt and cbs have with the sports that fox already has the rights to, if they can add hbo into the mix, some international assets time warner has, all of a sudden, you're talking about an even more powerful force in this battle of who has the most leverage. is it the content players or the distributors? >> how do you value and entertainment company like time warner that, as john says, they already have basketball, major league baseball, hbo, but also a lot of other properties like cnn? how do you do an evaluation? >> a lot of times when you look at these diversified media conglomerates, the different businesses have different growth profiles, different profit profiles. therefore, the market values them differently. looking at this transaction, the marketplace is telling you that fox certainly sees a value, but the stock is not trading above the offer price. it is really unclear whether there are other bidd

the same thing with directv, at&t.a sudden it throws everything into relief. >> there is as exciting as time warner aol. >> time warner google makes sense, you need a new age, a new media company to converge time warner with. that's going to work. >> this all in part is related to fed policy. >> we have our guest host here. >> valuations in the market are extremely low relative to interest rates. whereas after today borrow money at 2, 3, 4, 5%. can you buy stocks back. >> those are overvalued, according to -- if we get her on to do a buy or sell segment. she will tell us which stocks to buy. >>. >> do you think jeff bukus at this point regretz spinning off time inc.? a spin-off makes this possible? >> i mean, look, there are two things that happen, 21st century break up their news for print division. this clearly makes this business much more attractive. i should tell you both sides have hired advisers. citigroup is now sources tell me working for time warner. i am told that fox is being advised by goldman sacks. >> wh

that's cool. >> i think it said directv the future of sports.v's hanging its hat on and at&t, that will probably happen. or -- >> all three of these happen. and then other things will happen as a result. >> did you see over the weekend in "the post" they had a picture of brian roberts, his head was on the top of like the incredible hulk. i mean, i just -- "the post" is crazy. but i wonder what does brian think, or people that their head they put -- >> call him during the commercial break. >> i don't think it was him. >> comment. >> he's probably listening right now. >> maybe it wasn't photo hoped. i don't know. coming up senator ron johnson member of the foreign relations committee. >> what was the hulk? bruce -- banner? >> it was banner. >> bruce banner. >> yeah. anyway, sanctions on russia, the situation in gaza and how this will all play out in washington with senator ron johnson, when we return. just take a closer look. it works how you want to work. with a fidelity investment professional... or managing your investments on your own. helping

content distributors like comcast joining with time warner cable and at&t and directv can charge with the stuff they produce. that's because at&t and broadband companies won't hesitate to use their outsized market share to squeeze cost concessions from providers for content. we've already seen scorch earth tactics deployed by both sides of these negotiations. last year time warner table dropped cbs for a month because of fees. and if it goes through it will dominate 30% of tv households nationwide. that is heft that can only be met if content providers put on heft themselves. the consumer will probably pay more for tv and streaming video content. however, this all turns up the the landscape over dozens of years. rupert murdoch has earned lots of money and plenty of critics, but there is no denying his drive and determination. >> reporter: he built his global media empire starting with an single australi australian newspaper he inherited 60 years ago. now at 83 his companies have estimated stock market value of more than $80 billion, and he owns nearly 40% according to fortune magazine

> well, news on at&t, at&t's ceo randall stephenson seeing the proposed $48.5 billion merger with directvas completed its review process at the state level. it's done this, next step, of course, is being reviewed by federal regulators him it doesn't seem to be moving the stock very much. it's down 2% after that earnings miss. >> morgan brennan, thank you. let's kick you a our earnings trade book with at&t shares lower in the after hours, dan. >> i was going to talk about wireless, when you think of at&t, you think about that. t-mobile has done a job in the u.s., moving things around, making guys change their tloefr. they missed everyoneings because of this move to next, users will pay lower monthly fees for their service and finance the cost, full price cost of the phone over the life of it. they missed everyoneings there, they were talking about the combination between d tv. the stock is i think up 12% on the year, it's a good solid company. if you make it 32 you the closure of this deal i think you want to own at&t. >> let's talk cheesecake, the cheesecake factory, revenue coming in a b

if you watch us on dish or directv, they will have your soaps tonight on the "tv guide" network channel. >>> room key? forget that. all you need now is your mobile device. >> an international hotel chain goes high-tech and prepares to get rid of room keys. we lose them anyway. that's coming up on wusa9. we'll we showed people a survey that stacked fios up against comcast. what's it like paying for internet rated 6 out of 7 in customer satisfaction? not go no, it's not fun. look at it this way, you're kind of on top. if i was like this, all day. switch from the bottom to the top and see why millions of satisfied customers have made fios #1. sign up for a verizon fios triple play online with a 2-year agreement and get an amazing $400 back plus a free lg g tablet or up to $200 off any tablet from verizon wireless. but hurry, don't wait - this great offer ends august 10th. . >>> 6:45. looking at the temperature here on the screen, we have lh increased now by 2 degrees. so it's getting a little warmer but it's still going to be jacket weather when you leave early this morning. >> for many. t

at&t with directv. >> for time warner the timing is not great. >> you want to say there's a lot of other people out to buy it. >> in media land, an auction of one. you don't really want an auction of one. disney is the only company that rivals fox in terms of size. so you're looking outside of media then. >> so outside of media, but -- >> there were rumors last week about google. >> i work at cnn, i'm loyal to it, everybody. but cnn is the marquee brand of news around the world. yes, advertisement. i happen to believe it is true. so google, could cnn be owned by the likes of google or apple? >> people's minds have suddenly opened in the last 24 hours because of the news today. you think about the way media is radically evolving. does a google or an apple want to be in the news business? there aren't a lot of signs that they do, but maybe they will five years from now. if you want to see the future in this deal. the point is getting as much content as he can get makes perfect sense. >> for those of you out there who own time warner, you made a heck of a lot of money out there today. noert

i was able to catch up with directv ceo mike white to ask for his response to dish's opposition to hiseal with at&t that's currently proposed. he said, "i prefer to let our testimony speak for itself. as for current management perspective, we both are fully occupied with responding to regulator data requests and preparing for my shareholder vote. if the deal is not approved i would remain in my role at the discretion of the board." a lot of moving parts in the industry. no better place to be than right here in sun valley, idaho. >> thank you so much, kayla. robbious obviously a lot more it come from kayla tausche. >>> does this feel like a substantive sun valley in terms of deal-making? >> in the fact so many media companies, in the middle of upheavals, seeing these guys try to come together makes sense. >> what about aereo? a u-turn or not? >> the only thing they could do. >> short of shutting down completely. just call it something different. >> what does that mean? calling it a cable company? i haven't read the copyright law recently. how do they operate? >> i assume, pay broadcaste

comecast is merge iing with tim warner cable and directv is merging with at&t.re the companies that make the tv shows and movies you watch, as opposed to the comp y companies distribute them to your smart phone or living room. how might the content guys respond? naturally, they might want more muscle, too. wall street analysts think more consolidation is coming, this time on the content side. see this wall street headline a few days ago, entertainment companiesmergers. a lot of this is speculative. but it's heating up because media mogul summer camp is coming up this week. yes, summer camp. an annual conference in sun valley, idaho, that tracts people like murdoch and others. describing murdoch's interest in time warner. quote, he still covets the owner of hbo, among other potential targets, according to a former news corp. employee, told by executives recently about m. rdoch's interest. the source did not know if murdoch made an approach. can you imagine that? the empire that ted turner built? many people shoulder at that thought. on the other hand, many people

i do hope directv reaverages the nfl and otherwise the deal is gone.to go to david in new york. david! >> hi, jim. how are you? >> i'm real good. how about you? >> i'm doing well. i had some questions about gogo. have you heard of the company? >> gogo on no, no. i think it's a short squeeze. i want to stay away from gobo go, but i'm going to jenny in california. >> hi there, jim. >> what's up? >> your most devoted fan in visalia, california. >> i covered a contract hit there in 1978, i can't believe it. second time i've heard of it. what's utsp? i bought it at 20% can you tell me what happened? >> it's a takeover candidate and i look at it as an earnings story and i want to own white wave and i think it goes higher and that, ladies and gentlemen, is the conclusion of the lightning round? chlt. >> the lightning round is sponsored by t.d. ameritrade. [ male announcer ] once, there was a man who found a magic seashell. it told him what was happening on the trading floor in real time. ♪ the shell brought him great fame. ♪ but then, one day, he noticed that

general, let's say we have -- you see something heading towards my directv satellite. do you communicate with them? >> congressman, thanks for the question, absolutely. we are very interested in maintaining a safe space domain. so my organization and specifically the command center that i have, the joint space operations center located in vandenberg air force base, tracks the 23,000 objects that you've heard about, and of those objects, we -- not only do we track them, but we detect for potential conjunctions. >> what i'm after right now because that was part of our testimony and that was very helpful, is sort of the communication regime right now. so it's the satellite that's providing television for australia. do you communicate with them? >> we do. so if -- where i was going, if we detect a potential conjunction on any active satellite that's up in space, any country, if we detect a conjunction, we'll make an emergency notification because it's in all of our best interests not to have -- >> now, is it bilateral? does it come the other direction where the private tra