at&t or directv? one better?hat's what we're telling our viewers. >> we like at&t for a long time. at&t. the time not to bet against at&t is when they're doing the mega deals. history has shown very good execution. and synergy achievement. and remember, the synergy guidance they've given is cost synergies. we think there are tremendous synergies that will spread light on when the deal closes. liz: let's get to aol. again, to you, jennifer. i get what verizon gets out of it. content. mobile. what does aol get beyond an escape hatch? >> well, i think aol, if you look at the letter that tim armstrong sent internally that's been published on tech crunch today. i think he says it. he talks about mobility being the future. the stat they've thrown out is that 80% of consumer video will be watched over mobile eventually. they need that scale. those eyeballs. verizon gives them 200 million eyeballs. >> jason, you looked at this. you said what? who is the genius in this deal? >> i mean, tim armstrong probably tied himself

but directv is on the move.es apparently near the end of the review process, and according to various sources, they are unlikely to block that deal. back to you. >> and yeah, sue, shares on the move by about 1%. >>> meantime, goldman sachs is calling for a decline in crude oil prices today, jackie de angelis is at the nymex with more. >> goldman out with a note this morning, warning that the recent rally we've seen in oil prices may be premature. jim urio, why is the market sort of shrugging this off, buying oil today, crossing over the key technical level of $60 again? >> well today's movement kind of underscores exactly why goldman is incomplete and it's analysis. you have to look at what started this today. that was everybody started selling bunds and then they started buying the euro. as a reflectionive move. as the euro goes higher, crude goes higher. the move in the bund has dissipated a little bit and crude has continued on its path. that could be a market positioning thing. euro strength probably equals

whether it's at&t with directv. personally believe that you need about three to four competitors, and that's all you really need in a marketplace that will allow enough competition so we as consumers get good prices, but also provide them the capability to make money so they can invest in the future. my own view is that the directv and the at&t move is a good move and should be improved. but i had the same view about comcast and timewarner. liz: wow. >> i think we have to be very careful. what europe has learned. twenty-seven search providers competing each other doesn't allow them to build out the structure to build out for the future. germany and france are encouraging their companies to build out the broadband within their countries. i think we have to be careful here. liz: yeah, you want these companies to be able to grow and compete and then merge. but not hurt the consumer. john, wishing you the best of luck. this is not the end for us. okay? i wouldn't accept that. please. it's been a pleasure to be interview

dish was in the mix for directv last.ked to directv but nothing has come to fruition. now, the question is, as more and more of these copies to get together, what is left over for him? the pressure is on to find some money to partner with. scarlet: his dish more likely to be a buyer or target? brooke: they can be both. t-mobile has talked about the possibility. gotten a lot more expensive. it doesn't have as much competition because it sprint cannot buy it. what is dish is most valuable asset chair? brooke: the spectrum. they have built this huge smile of spectrum that is incredibly valuable to these wireless carriers. -- huge pile of spectrum. it will be a hot commodity. scarlet: getting bigger is always one option and then you have the flipside, split up. what is the argument for him to sell off pieces of dish? brooke: if you cannot find a buyer or the right target, it will have to put spectrum to use somehow. you split up the company and put the core tv business in one operation and then put the nother structure. scarl

directv will have about a 17% share.ll the air where we have struggled the most was our tv product. if you want to game broadband share, you have to have a viable tv product. our tv product today is subscale, it's uh verse, a great product, about you it's limited in terms of scope and where we have built. we do directv, close that transaction, we go from a tv product that's losing money to a tv product that's profitable that happening day one. you have a much more robust offering, and we think we'll be successful in competing against the cable guys. >> hey randall, just want to do jump in with a different question on tv and on bundling, and your views on what this fight, this battle between verizon and disney/espn, the idea of tiering these video services. you're good to get into the tv your take on what's going on? >> it's an interesting time right? the interesting is changing fast. the over-the-top model is gaining momentum. you're see the netflix and hulus gaining momentum. it's changing not just the tv distributors a

the at&t purchase of directv is awaiting government clearance. is asking regulators to reject the deal saying it would increase at&t's ability to hinder online video providers. amazon is giving subscribers a new perk. they get axi access streaming movies and music on jetblue flights. google says mobile searches are topping desktop searches in 10 countries. google unveiled a new tool to help advertisers highlight their products in mobile results. what are theat do the highest paid women in america have in common? they work in technology. the yahoo! ceo marissa mayer was the top a woman last year with $59.1 million. this must have been fun. for a geek who reads proxy statements for fun, this must have been fun. guest: being able to work on a story with the highest-paid women was really rewarding because there are only eight of reads proxy statements for fun, this must havethem out of the top 100 executives in america. cory: tell me how they are paid. she came to the company and left stock behind and that boosted her up. we see that once in a while.

here's a message one directv subscriber got when they try to watch. you can see at the bottom it says this program is not available within the next 14 days. customers who have cox, time warner, directv and other providers also have some problems. >> i don't think 14 days would have worked. >>> many boxing fans we saw tonight were sporting their worriers gear, tomorrow the second-round series against the methods grizzlies here in oakland. they've been offthey been offer more than a week after finishing off their first round sweep of the pelicans. coming up a little later in sports rapping wrap in about ten minutes, we will preview the series will also hear from one of the grizzlies star players. >>> pg ideas facing a 48 million-dollar lawsuit after the pipe linux -- exposing -- explosion last month. after it was punctured by a bulldozer. more than one dozen people were hurt. three of the injured were part of a jail inmate work crew. a lawyer for the inmates is filing a complaint against utility, the attorney says the explosion bears similarities to the

and probably the third-largest video provider if you stream directv. betty: what happens to the other cable operators? amy: it is game on with consolidation. we are still early on in terms of consolidation in the industry. there are other companies like cox and cablevision. the market is wondering what happens to the family and how they think about cablevision. betty: maybe they might be interested. mark: with a french cable , that changes in everything. mark: if i may time warner shareholder today, how do i feel? up 5%.stock is initially, people were assuming the deal would come in at 180. 195 is 10% higher than what a lot of people expected. mark: talk to me about john malone. do you see him doing a lot of stuff? persons ago, he was the people were talking to about cable in this country. 15 years later come he doubles back. amy: he is the vision behind the steel. he is the cable cowboy. he founded the u.s. cable industry. for him to make this return is a big deal. do you think he is going to have to lend some money to the steel? -- to this deal? >> t

$20 more a month for directv.g we've got to work on to make sure from a brand-new perspective we do a better job. >> it's cable overall. at&t is buying directv. the deal is going to likely happen. when you think about it from the strategic rationale of at&t, does it make sense to you? >> i think it does. >> you do? >> they get scale and video. video is going to be a big part of what they do in their wireless networks. they get international business in latin america where they will come follow that on with wireless and in mexico they made a move there. it does make sense. for everything you do there are typical reactions to that. >> do you see them becoming a tougher competitor for you? >> i think they will be a tougher competitor. there will be some dislocations here and there but overall will be tougher. they have scale. they will be the largest mpvd. they've got broadband and large parts of the country. they have more of core ingredients they need. >> how fundamental is it? >> it's important. if you want to get

it's not like the directv deal which is a big deal.ng assets and mobile assets for advertisers that are differentiated. if you're trying to reach millennials and reach them on a platform, verizon will offer people something others won't be able to. remember what aol is. it's not a dial-up company any more. >> content company, isn't it? >> not really. really an ad tech company now. what ververizon what verizeson getting is ad tech. the answer is probably not just driving usage from subscribers because they've been doing that for a long time and it hasn't generated any extra revenue. probably finding a way -- >> do you imagine then verizon tries to spin off things like the huffington post long-term? >> not quickly. maybe. and it could eventually create some regulatory headaches. but for now, probably not. i mean what they're trying to do they're also trying to differentiate their wireless service around better coverage and network quality? into more consumer friendly. >> a telephone company. can we call them that any more? >> that's a gr

so my view is that the directv, at&t is a good move, but i had the same view about comcast and time warnerrs does not allow them to for the future. >> speaking up for potential mergers. >> you can catch all the interviews on foxbusinessnetwork.com. >> thanks for joining us. the willis report is next. this is the willis report, where consumers are our business. >> isis claims the first attack in america. >> isis, now claimings responsibility for the attack. >> were they sympathizers or op practicetives? we -- operatives, we investigate. >> i am a candidate for president of the united states of america. >> and more diverse. >> the truth is, president obama always provides us with a false choice. gerri: we'll assess the candidates. >> the feds shut down a phony diet supplement ring complete with fake celebrity en

here's what he had to say. >> my own view is that the directv-at&t move is a good move, and should bemproved, but i had the same view about comcast and time warner. liz: and guess what? he said that before word came that the d.o.j. is almost complete with review and it was likely to not block that merger. he was right. with the at&t deal expected to go through, how will this impact cisco's relationship with the companies and will cisco try to work with the new merger announced, verizon and aol. with last positive earnings call under his belt. let's bring in john chambers. we had to give you a shoutout, john, that was before we had word this was likely to go through. you had a good sense about it. >> liz, we touch almost all the key large companies around the world and work very carefully with government agencies, it makes sense to approve it, i'm glad they did. liz: then the news that broke between the last time we spoke is aol and verizon would be linking up. is there an opportunity for cisco somewhere in there? >> liz, the answer is yes, if you take a step back, the move that verizo

that would make the company worth more than such companies as fedex, capital one, and even directv. experts say they are attracting so much buzz, investors want in. they are beginning to experience -- experiment with a food delivery service and a bike messenger service. in business news, verizon buying aol in a $400 billion deal. the deal gives verizonan an in into the increasingly competitive online video space. we could see 90 degrees by the end of the day. jummy: an estate sale in texas uncovered some hidden treasure. a man picked up a dresser for $100 but when he put it in his truck, he found a false and/or those with ruby, diamonds, and other jewelry. he says he is giving the items back to the former owners son since it was an estate sale. doug: doing something good. very nice. jummy: this weather is a treasure to some. doug: it is hot now that close to 90 degrees this afternoon. record high is 93 for washington. i don't think we will have that but we could get close. the next few days looks delightful. breezy tomorrow, partly sunny. a nice change of pace. jummy: it will be ple

the "new york times" says at&t wants to buy directv for $48 billion. if the cable operator and satellite service join forces, they would have a combined 26 million subscribers surpassing the current number one comcast. >>> it is 6:06. we have heard a lot about self- driving cars that could be coming to showrooms. now there could be self-driving trucks. kiet do joins us off 880 in fremont with more on this. good morning, kiet. >> reporter: good morning. self-driving cars, so last year. we're out near fremont to talk about self-driving big rigs. the freightliner inspiration truck is the first in the country to receive an autonomous commercial truck license. there are only two and only driving in nevada. the truck can drive itself while out on the freeway staying in its lane cruising or braking when necessary. a human driver will still be inside the cab and can do other duties like paperwork and planning the next trip. the human will still take full control in the city and suburbs. daimler says this is the next big step to get it out of the lab. >> the ne

. >>> at&t wants to buy directv for $48 billion. at first glance it might seem similar to the comcast-time warner cable deal that was abandoned but the "new york times" reports the new deal may gain approval from the fcc. for one thing the combined company would not control a majority of the country's broadband customers. also, neither at&t nor directv owns a television network. >>> 5:18. still ahead, the pacquiao mayweather fight over but the lawyers are starting to lace up their gloves. and they are swinging, too. >> and i'm dennis o'donnell. coming up, can one basketball player make that big a difference in the series? the answer is yes. warriors and grizzlies and the giants story coming up. >>> in today jobs report, jill schlesinger looks at a career in teaching. >>> reporter: it's teacher appreciation week, the perfect time to personally thank educators for all the sacrifices they make and support they give to children. it's also a good time to consider a career in teaching. teaching requires dedication, patience and the abilit

. >>> here on wall street stocks posted new records, as they await disney sprint and directv.the dow rose 44 important. only 3 points below the all time high. the u.s. justice department is conducting a criminal investigation into a possible leak of confidential information at the federal reserve. the fed chair janet yellen announced it to republicans. lawmakers are looking into whether market sensitive information was leaked from an interest rate policy meeting in 2012. >>> mcdonald's says it wants to simplify and focus on commerce. the company's ceo says he plans to get rid of layers of bur rock bureaucracies. >>> for the first time comcast is providing more internet than cable. the largest cable provider has more than 22 million high speed internet customers. during the second quarter, that number surpassed its video subscribers. airlines in the u.s. are earning billion, thanks to collecting more in fees. according to government figures for 2014 pre-tax at 27 airlines rose more than $14 billion, up from $learn billion in 2013. airlines checked more than $6 billion if bad fe

. >> what about directv and at&t? senator franken: that is one i am skeptical about. i have been focused on this one. this one i knew. [laughter] when it started 15 months ago, i think most people thought -- but i didn't. i think i'm happy with what happened. i'm proud of my role in that. >> something else you are probably in favor of is the net neutrality decision. senator franken: yeah, i fought hard for that. net neutrality has been architecture of the internet from the beginning. the fcc has been trying to establish net neutrality rules of the road. they have had in the past go to court against them. the circuit court in d.c. ruled against the fcc. the circuit court basically saying they had to invoke title ii and basically say the internet was a utility and they did that. i think what focused everyone's attention was when tom wheeler the fcc chair, over a year ago put out proposed rules that called for the antithesis of net neutrality, which is fast lanes that you could pay for if you were a deep-pocketed company. everyone else on a slower lane. the whole point o

here on wall street stocks are closed for new records as they await disney sprint and directv reports. the dow rose 46 points monday t. s&p gained the nasdaq rose learn. the us justice department is conducting a criminal investigation into a possible leak at the federal reserve. fed chair janet yellen announced it in a letter to house republicans. they are looking into whether market sensitive information was intentionally leaked in 2012. >>> mcdonald's says it wants to simplify and focus on customers. the company's ceo says he plans to get rid of layers of bureaucracy in restaurants and will emphasize on food and costs and selling restaurants to franchise owners. >>> for the first time comcast is providing more internet than cable. the country's largest cable provider has more than 22 million high speed internet customers. during the second quarter, that number surpassed its video subscribers. >>> airlines in the u.s. are earning becomes earn billions thanks, to checking more fees. airlines rose more than $14 billion up from 11 billion if 2013. airlines checked more than $6 billion i

problems were reported with multiple providers, including directv, comcast and also at&t. >>> there was contention outside the ring tonight, dozens of people rallied for the mgm grand before the fight, and they wanted to protest his history of domestic violence. he was found guilty in several cases where he beat women. the latest was four years ago, when he took a plea deal in an attack on the mother of three of his children. we have more highlights and reactions from the fight ahead in sports. and also purchase in baltimore tonight. several people were arrested for breaking curfew. the city is still under a state of emergency after the riots and looting this week. police say a curfew violator had to be pepper sprayed. and an earlier chance echoing through the streets of the city, organizes call this demonstration of victory rally after prosecutors charge six officers in the death of freddie gray. the 25-year-old died after being critically injured in police custody. businesses in oakland are sweeping up tonight after the mayday. oakland are sweeping up tonight after the mayday. demonst

check out the premier of "the at 9:00 eastern on directv's audience network.man known as isis' money man. the details on the operation and what it means for the fight against the terror group. plus, first jeb bush now marco rubio? why the iraq war is still creating problems for republican hopefuls for 2016. we'll be right back with much more "morning joe." (music) boys? stop less. go more. the passat tdi clean diesel with up to 814 hwy miles per tank. just one reason volkswagen is the #1 selling diesel car brand in america. ♪ want to survive a crazy busy day? start with a positive attitude... and positively radiant skin. aveeno® positively radiant moisturizer... with active naturals® soy. one of nature's most effective skin tone correctors. to help reduce the look of brown spots in just four weeks. it's positively brilliant. aveeno®. naturally beautiful results®. there's nothing more romantic than a spontaneous moment. so why pause to take a pill? and why stop what you're doing to find a bathroom? with cialis for daily use, you don't have to plan around either

smaller company, even today, with this transaction being completed then comcast or verizon or at&t directv. even the two big other cellular companies have as many customers as this company will have. when you look at where competition is moving going forward, the wi-fi we are putting out, the ability to use high-capacity wi-fi and have roaming capabilities across the cable industry on those platforms and ultimately integrating those into cellular businesses is in our destiny. we don't have a current business plan to get all of that done, but our initial plan is to build out wi-fi not only in the home, but in the public spaces where people work and play and to make our service available in a lot more places. of 2014, time warner cable throughout a price of $160 a share. in hindsight, do you wish you had just bought time warner cable for $160 a share in january of 2014? tom: we did not have the ability than to do the cash component of that request. , time warner has realized that our business plan actually works and we have to timed that plan warner in this process and they have seen how we'

not have to turn oversensitive documents to the fcc as part of the government's review of the at&t directv deal. the court ruled the fcc did not deem it necessary to the process. aol shares are rising the most in 16 months. the company reported a 7% gain in first-quarter sales and turned a profit of $7 million. they have shifted their focus to digital advertising and sales. now to the lead. hoover is willing to spend billions to buy one of the world's largest digital mapping services. uber has submitted a bid of up to $3 billion for new kia's -- nokia's mapping business. uber's bid is competing with another one from a group of german automakers including bmw, audi, and mercedes-benz. they are also teaming up with baidu on their offer. joining us is cory johnson. with me in the studio is the mapping expert,. i am so glad you are here today because we are all wondering what is so special about nokia m aps? >> since they announced, there have been a flurry of rumors on who may buy them. the map data is key. there are not many companies that own that around the world. there are only four. goog

directv and dish looked different than your cable company and probably set off a great era of pay televisionth from customer service, quality, and innovation. then he saw at&t and verizon come in and now you see sony view and google come in. each and every one of those are run by smart people who know what they need to do to succeed. betty: you have had a difficult time with at&t. cut the little bit of our programming is not available to customers. as it stands right now, they would not have access to the u.s. open golf and some soccer coverage. that will get worked out. before june 18. betty: or you would have a lot of angry customers. >> but there is a certain amount of flexibility and we also know some of the new over-the-top entrance are absolutely going to embrace sports. and that sports will be a differentiator for some of them. betty: so you are for elkhart pricing? >> there is a big difference between over-the-top and a la cart. i think over means you do not own the pipes you are delivering, the content through. sony does not own the pipes delivering the content to the playstation's.

a much smaller company, even today with this deal being completed, then comcast or verizon, at&t, directv. even the two other big cellular companies have as many customers as this company will have. when you look at where competition is moving, going forward, the wi-fi that we are putting out, the ability to use high-capacity wi-fi and have roaming capabilities across the cable industry on those platforms and ultimately integrating those into cellular businesses, i think, is in our destiny. we don't have a current business plan to get all that done but our initial plan is to build out wi-fi in not only the home, but in the public space where people work and play, and to make our service essentially available in a lot more places. >> last question. in january 2014, time warner throughout a price of $160 a share. in hindsight, do you wish you would have bought them in january? >> remember, we did not have the ability then to do the cash component of that request. then, time warner has realized that our business plan works. we presented that plan to time warner in this process. they have see

i think at&t will close on directv quickly. i think there will be content mergers.learly the notion of broadband and the fact that individuals at google have access to the decision makers is an interesting challenge. liz: it shows the market is opening up. david, do you have a favorite sector right now? >> we only own 20 stocks. it's all stock-specific. >> that is so good. top 20. that's what makes your firm so successful. >> thanks. i appreciate it. our favorite holding is qualcomm. hair all over it. valuation is cheap. ten, 11 times x cash. the business is underappreciated. and we tend to be very contrarian in the neighborhood of growth companies. liz: qualcomm is a winner when it comes to chips. david, my man. thank you so much. they're both holding on for dear life to those shares at berkshire hathaway. and guess who held on for more than 50, in some cases 60 years, the buffett kids. coming up in just a few minutes. howard buffett. susie buffett. and peter buffett. growing up in that atmosphere. what has that been like 50 years later? and whawhy did their dad gi

on directv, 375. democracy now!casts on both networks at 11:00 in the morning monday through friday and 6:00 in the evening. please make sure we continue here by making that call. 866-359-4334. yesterday, michael called in from what california -- brentwood, california. a person just called in from santa monica. getting "gasland" one and two. fill the phone lines as we go to the trailer of "gasland." 866-359-4334. 866-359-4334. "gasland." josh: my name is josh fox. five years since the first proposal to drill wells came knocking at my door. thousands of cases of water contamination, air pollution and health problems. it is not just the numbers that get you dizzy. >> this is our home. josh: one problem, the gas industry denied everything. >> we have found no incidents of hydraulic fracturing harming groundwater. josh: the war to tell the story was on. >> never underestimate the power of money. >> government is afraid of business. >> you are paying twice that price for water. [music plays] amy: "gasland," just the trai

at&t and directv get a hint their direct merger may work out soon. very few rules and

. >> they're worried about directv. a lot to worry about. >> a lot of competition.service. charles: in the cable area. competition to cable as the business model. within the cable area. the first communication they put out, this will give us more competition. they're worried that maybe the federal government won't allow this to go through. we talked a little earlier in the show. i want to talk about the threats leading into the market. strong dollar spiking. particularly against the yen. spooked a lot of people. talk about a rate hike, spooked a lot of people. gdp revision. friday. which, hilary, are you most concerned about? >> i'm concerned most about earnings. you have to have an economy buzzing along in order to have the stock market continue to rise. charles: you need an economy for the earnings at some point. >> i mentioned earlier. i was talking about oil. hilary, i thought you and i would be bffs because of greece. >> i did mention greece. >> just enough so they won't make their 1.6 billion old payment to the imf. charles: we have to give scottie a shotout.

state, thank you, gail, for letting us know from dish network channel 940 or maybe you are watching directv. either way, gail, thank you for being the link. if you want to come to the set to watch her broadcast we happen to be in a real space, we are not just virtual. we are in new york city in the shadow of the empire state building and i would love to host you here. you could sit on the set, bring a guest we are $1000, taking us to $2000, we cannot do it without you. calling. if you live in seattle or eugene oregon or olympia, washington, if you have -- if you live anywhere in western or eastern washington state, and idaho, michigan, minnesota illinois or indiana utah, moab, salt lake city or somewhere in between, make that call right now. i can only tell you that we cannot do this without you. ohio, columbus, cleveland, or anywhere in between. the underground railroad, oberlin, make the call, fill the phone lines, your call makes a difference. eastern washington, we need you. western pennsylvania, are you watching? get the book, it's a 100 $20 contribution. hey, thank you very much. i ha

. >>> check out directv, it's up 80% of the time over the last ten years, ibm is up 80% as well.'s up every year in the past ten years during the summer. we'll have that name coming up. scott, you'll want to pay attention. >> can you guess what it is? we'll get the traders take on it plus their own favorite summer plays, when we come back. and sleep deprived. g us y bring us those who want to feel well rested. aleve pm. the only one to combine a sleep aid... plus the 12 hour pain relieving strength of aleve. be a morning person again, with aleve pm. over 20 million kids everyday in oulack access to healthy food. for the first time american kids are slated to live a shorter life span than their parents. it's a problem that we can turn around and change. revolution foods is a company we started to provide access to healthy, affordable, kid-inspired, chef-crafted food. we looked at what are the aspects of food that will help set up kids for success? making sure foods are made with high quality ingredients and prepared fresh everyday. our collaboration with citi has helped us really

that spending is down from $22 billion last year, but john, once it does close, that deal with directvlot of resources at the company will be freed up. remains to be seen how they will pursue an over the top product. partnerships with the turnen group and hulu will be strategic in that effort, but we still, john, haven't seen that at&t over the top product on the market yet, we will see, back to you. >> all right, thanks kayla. yeah, sounds like somebody might be doing lobbying some time soon, i don't know, we'll see. >>> coming up, apple's biggest market is still in the usa, but it may not stay that way for long, so says one top analyst. where you should keep an eye out a little later on this hour. "squawk alley" is back in a minute. ♪ building aircraft, the likes of which the world has never seen. this is what we do. ♪ that's the value of performance. northrop grumman. the secure cloud services the network that monitors her health. that store her genetic data the servers and software on a mission to find the perfect match. and the mom who gets to hear her daughter's heart beat once a

. >> directv your biggest holding, deal at&t gets approved?bout cablevision, al toompb ice? >> the notion of altice coming into the united states with an individual that worked and understood, understanding the scale and structure that was a surprise coming into the united states. because buying sudden link up for $6.5 billion, $9 billion deal, is kind of like, what are you doing. you're get to get scale. graham ghc is spinning off capital one. they're located in louisiana and oklahoma, they're going to have cable subscribers and john malone talking about hey, why don't we put our arms around vodafone and he's spinning off a company called lilac, the latin american cable operations into a new company and you have in addition to that, millicom, a yummy for these guys. and cable an wireless is a yummy for these guys and dolan talking in chicago two weeks ago, saying time warner cable, why don't you guys do something with me in new york. so everybody is talking and obviously it's jump ball and unintended, unintended consequence of somebody saying

yet there is directv and dish which are larger distribution companies and cable yet they are not subject to the same set of rules. there's a lot of inequity in the regulatory environment because the market grew up on the rules and nobody has tried to go back and address the efficacy of the rules. it's not about whether you win or lose. the government owes you accuracy and a regulatory regime that is honestly reflective of the actuality of the market and not the way it was 20 plus years ago. richard: gordon, speaking for the industry with the heaviest regulatory burden, how do you see this question? gary: i was going to suggest to michael that i have some i would like to give him if he would like. michael: you've been trying. [laughter] gordon: obviously, the elephant in our room is our havey regulatory burden and the upcoming auction. our hope that the fcc will have a successful forward and reverse auction that protects our contours and is mindful of interference. i think there are just so many things that could go wrong with the option -- with the auction unrelated to the lawsuit we cur

directv is unchanged. how about the companies directly involved? how are they trading?harter is down a little bit -- it is up as we get underway. 2%. looks like people are happy about the deal. we will hear from the ceo of charter communications in the next half hour so make sure you stay tuned for that. the other deal that is apparently not to be that we are watching this morning, fiat kreisler apparently had approached general motors about some sort of deal according to the new york times. this is in march, apparently. gm said no thanks we do not want to discuss the merger and you can see shares are down 1% on that are general motors is off half of a percent on that. erik: thank you. john of morgan stanley is still with us. we were talking about economic data and why they matter. to what degree do you as a market strategist care whether the fed hikes in september, whether the fed holds off until 2016? does it matter that much at this point? >> it does. our view for some time is tapering and tightening. 18 months into the tightening process. it is not a big deal that b

carrie david says during her four hour flight from puerto rico her in flight directv only worked for ten minutes. united, as you might imagine, is calling for the suit to be dismissed. >>> a look at some of the biggest social media stories of the week. you don't want to miss that. plus, what you would call a baby zebra? we will tell you about a virginia zoo needs your help in naming a new addition to their herd. >>> as we head to break we want to share some of your mother's day pictures. >> a little change up. thank you for sending this picture to us. the picture is of three beautiful ladies here. we have got two sisters and mom, i believe, and the grandkids in the back. >> happ. i have a grandmother in the background. >> and finally we have this picture from lemoines and his mom. thank you so much for he's out there. there's a guy out there whose making a name for himself in a sport where your name and maybe a number are what define you. somewhere in that pack is a driver that can intimidate the intimidator. a guy that can take the king 7 and make it 8. heck. maybe even 9. make no m

directv runs through 2022 many of the other agreements run at least another five years, i believe or> extraordinarily long-term contracts. i'm told over and over again it's the programmers behind the scenes say it's not one network over the other. it's lock in keep google out, because they recognize that google has so much money to spend, that they can't compete. >> i'm re-reading "three blind mice" and when monday night football went to espn that was the beginning of a big crack in that fissure, you know what i mean? >> a generational change >>> stop trading with jim in a moment. "squawk on the street" will be right back. ut people? why are we so committed to keeping you connected? why combine performance with a conscience? why innovate for a future without accidents? why do any of it? why do all of it? because if it matters to you it's everything to us. the xc60 crossover. from volvo. lease the well equiped volvo xc60 today. visit your local volvo showroom for details. ideas come into this world ugly and messy. they are the natural born enemy of the way things are. yes, ideas are s

pay-per-view customers are suing comcast, hbo showtime and directv.ey were ripped off by failing to disclose that manny pacquiao had an injured shoulder. two other fans have already filed suit against pacquiao. pacquiao has undergone surgery for that injury. his doctor calls the operation a success. thank the lord for small favors. those are your top headlines. norway's $900 billion fund, sovereign wealth fund, is running out of fresh capital. that's what happens when an oil-producing nation faces a collapse in crude and unprecedented low interest rates. joining us now on the phone from oslo is bloomberg's news report. just last month, the fund had a record gain of $53 billion, but if i understand correctly, the government is deciding not to inject new money into that fund. >> yeah, basically the government's income, which goes into the fund, follows what the oil price is doing. so oil prices are low. crude output is low, so income to the fund is also low. brendan: what does this mean for norway's government? saleha: the government can use up to 4% of

500 that have hit all-time highs, including for example netflix right now as well as sj smucker and directvng of athena agreeing to buy ann taylor, ann inc., $2.2 billion. and athena actually owns dress barn as well as lane bryant, and this will be a $2.2 billion deal. more "varney & company" coming up. tom: let's take a look at apple shares. according to the latest sec findings analysts are cutting their stakes in apple even as the shares are going higher and just last hour carl icahn says he thinks the stock could hit $240. it's at $130 he says 240. what do you think? joining us now from portland keith fitzgerald. keith, let's get you on, 240 or 130 which one do you like? >> well i'm not as aggressive as icahn, but i'm on record at $200 within 24 months. tom: carl icahn-like let's put it that way. [laughter] why are the hedge funds saying bye-bye to apple? >> the hedge funds don't run their portfolios like individual investors do, tom, they can sell for generating cash, they can sell just because their management has a different prerogative. so as an investor, you've got to look for yours

of at&t's strategy to build the over the top content product rests on the fate of its merger with directv. it's been delayed several times due to new rules over net neutrality. stevenson told me he is optimistic about the deal but less so on the fate of those rules. >> we do think that there is general willingness to pass a sustainable path to net neutrality. >> the only thing certain in these industries is change. the world will look like a very differ place in just a year's time. one executive familiar with that is marissa mayer presenting a closely watched keynote at this conference on day 2. >>> okay. back to european markets, everything is up as you can see or is it? let's dive into some of the individual stock stories. merck down 1.8% after disappointing first quarter results. this due to costs associated with the planned acquisition of sigma aldridge. let's get to annetta with more details on the story. >> the numbers are disappointing and it's the only share here on the german market side which can't benefit from all the ecb or greece optimism. let me run you through the numbers.

. >> at&t and verizon need to spend more at&t now once the directv deal closes.y've had a notable absence. these companies spend fortunes. >> yeah. >> chambers would tell you it's the internet of things that's driving things. the connectivity that is very much with us. you'll see those all percolating. very good quarters. >>tyson had a good quarter. hill shire helping up. almost 3%. >> looks like that acquisition made sense. >> which one in. >> the tyson lf sill shire brands. buffet made a great point saying that heenz was doing so well they did not close on the plans. and that's how they boost their rated returns. >> he did get some heat from some of his shareholders about the relationship between berkshire and 3g given their being known for the cost cutting. >> there was some unexpected grum pus aspect of the weekend. i don't know. you have to report it on but in the end it's still a love fest. a lot of love. >> tyson paid such a huge number for hill shire. >> but it does seem to be working. i have this idea because this's a company called live you know live na

we think that they're very close to getting final approval for the directv transaction. we think institutional active ownership of at&t is at very low levels and very high levels at verizon. and you're getting about 140, 150 basis points more yield at at&t. we expect upward consensus revisions for at&t and downward revisions for verizon with the sale of the frontier assets which is expected to close in q2 of next year. we have an underowned stock in at&t where we think numbers are going up. and a more of a consensus idea in verizon where we think numbers are going down. that's why we very strongly prefer at&t over the next 12 months. >> very good. >> understood. thank you both maryann montagne and kevin smidgen with mcquarry. >>> we have a market that's still trying to turn positive. the dow is down a couple of points. s&p, same deal nasdaq down 0.2%. >> big comeback when you consider the low of the day was down 100 points. >> and scott mather pimco ceo. >> find out where scott thinks it goes from here. >>> welcome back. honing in on markets here just about half an hour

of course across the country people can call their local cable operators or directv or dish or whatever. but here in the city it's limited to the mgm property. so that's a bit of a problem because there are so many people who won't be able to see the fights unless they just go knocking on people's doors and offer to pay. but it's just so much fun here. and we've been waiting so long for this. and it's the two best pound-for-pound fighters. tonight we're going to see what everybody's wanted for the past six or seven years. >> so our viewers can gauge, the winner of this fight how big of a game changer. not only speaking as far as the paycheck is concerned, but, i mean bragging rights would be an understatement. i mean how big of a game changer is this? >> well, the money is astronomical astronomical. floyd mayweather can make anywhere from $160 million to $200 million plus. manny pacquiao $100 million plus tonight. so the money is outrageous. we've never seen anything like this in any sport for a single event. as for a game changer, floyd mayweather is 47-0. he's never lost. so for him t

. >> host: what about directv and at&t? is that something that you have an opinion on? >> guest: that's one i'm skeptical about. i haven't -- i've been so is focused on this one, because this one i knew -- [laughter] but when it started 15 months ago, i think most people thought it was a fait accompli. i didn't and i think i'm very happy with what happened and very proud of my role in that. >> host: well, something else you're probably in favor of is the net neutrality decision. >> guest: yes, absolutely. >> host: that opinion put down by the fcc. >> guest: yeah. i fought very hard for that. >> host: give us your view on that. >> guest: well, net neutrality has been the architecture of the internet from the beginning. the fcc has been trying to establish net neutrality rules of the road and has actually had the isps in the past go to court against them, and the circuit court in d.c. ruled against the fcc and the circuit court was basically saying they had to invoke title ii and basically say that the internet was a utility, and they did that. and what -- i think what re

there was an issue with directv. can you update us on where things stand? >> we love the vice guys. we believe in them. we are investors. we believe in them in the creative work they've done, very smart, areas, partnerships in advertising, and their model is different in how they built what they built. that's incredible. we believe in them from an investors standpoint. i hope he gets a channel someday, but beyond that, i'm not going to talk about it. >> a level away from shane he's presold three years of advertising, so he's talking about it. you don't want to talk about it specifically. can you talk about why you might want to theoretically let someone from outside the tv world program lend a cable channel? >> what i can talk about is what i said earlier. we believe in our brand. we believe in the service that we provide to consumers which is entertainment and we're constantly it rating our brands and evolving them to react and respond to what consumers tastes are. that's what good programmers do. if you, you know stay in one place, stagnate, and hope the next generation likes what

these companies competing with directv and at&t merge.d other companies, as well. you want to emulate the product road map that comcast has with x-1 like offerings and mobile maybe even beyond wi-fi. business services. so, you know this has to create additional additional product for the consumers certainly. and i think it could be conceived as pro-competitive. certainly offer more diversity of choice. >> what do you think about the price on this? it's a 23% premium to what comcast was going to be paying for time warner cable and that's a big premium from what charter agreed to buy the company for for two years ago. >> it's really interesting. i think rob marcus and the team at time warner cable the customer account and all that we're looking at this year. you know time warner cable. so you just breathe on this and the valuation flies around. certainly there will be some synergies here. but when you look at where it was a year and a half ago when it was really bleeding. you were absolutely dead in the water on broadband. you know i think

the government just block comcast did for time warner cable, at&t buying directv is likely to go throughalso just recently, charter announced a few weeks after comcast abandoned its bid, you charger stepping in. that will -- the two biggest companies would be comcast and charter and then everybody else. in both situations, we have companies that are getting bigger and bigger. they argued that they need more leverage because i have to pay for these channels and programming fees are going up. at the same time, there are questions about how much competition they really at in terms of a providers can you use. when these merges are considered -- when, guest:there could be some sort of conditions like you have to start offering some sort of low-cost plan to low income consumers. it will be a while before they decide host: about it. let's hear from bill in california. good morning. caller:a couple questions. first the idea of low-cost saving maybe $10. he said directed to the poor. my concern is that from my understanding, they pour do not have a computer -- the poor do not have a computer or a

. >> the one i remember is rob lowe with directv.th the grill. you can't go wrong with that grill. >> i do love that grill. we have one that still works. >> because it works. >> it still works. >> that's it. >> and tamron, you have one. >> suzanne somers. i think i still have one of the original thigh masters. >> you do? >> not anymore, but back then. i just love her energy and the thigh master changed the game. it took her from tv to a whole other stratosphere. >> who was that? >> it was the norditrack. >> total gym. >> also ron. i still use my showtime rotisserie oven. set it and forget it. bam. and the spinkrinkle. >> and he could scramble an egg inside a shell. pierce the top of it. >> and pocket fisherman. >> beat the master. >> who doesn't like a good pocket fisherman? >> you can't get the rotisserie anymore can you? >> i don't know. i've had it for ten years. >> talking about food and rotisserie, how about a big fish for dinner tonight? >> big. >> ooh. it's like flintstone big. >> jonathan black set out on a kayak in florida t