they're not happy with that at elliott. can say that in my own way they believe this is an undermanaged company but i think one of the key questions investors have to ask is it the assets that have been put together by this company or is it the management that is the problem? and can you really deliver this higher stock price that elliott believes is easily reached through simply some changes in management, savings, which is always tough for at&t, by the way, in terms of firing people, and nonstrategic sales or do you have to go a different route >> i have to tell you that the tone of this piece, and i know that they didn't spend much time with randall stephenson, the ceo, but the tone of this is very positive. and, david, something you said over and over again is don't underestimate the acquisition of time warner. they like the acquisition of time warner. >> they do they believe it is a strong asset, to your point, although you and i have discussed many times the questions that are out there right now in terms of their str

then not growing with elliott, memo to ceos, they have a memory of elliott. can't just give them the heisman. they're thorough stankey today talking about directv not being -- >> glad you went right there i was about to make that move. what are we doing? high fiving? >> no. save the whales. didn't you see that? you were -- i put ear wig in your head. >> i liked them all. especially back to the old show itself >> at&t is worth mentioning. here it is this is the biggest activist battle we have seen in a very long time. and i describe it as a battle. maybe some constructive dialogue between elliott and randall stephenson stankey is maybe not on board yet. he confirms what we reported last week. they're thinking about doing something with directv, he comes out with the wall street journal, who runs -- the coo of this company and says, directv is an important part of what we're going to be going forward and we're not doing anything with it. which is what i said that day when the journal did that strange story. stankey also sort of saying, you know what, things are

elliott taking that stake. more next. bloomberg. ♪ at comcast, we didn't build the nation's largest gig-speed network just to make businesses run faster. we built it to help them go beyond. because beyond risk... welcome to the neighborhood, guys. there is reward. ♪ ♪ beyond work and life... who else could he be? there is the moment. beyond technology... there is human ingenuity. ♪ ♪ every day, comcast business is helping businesses go beyond the expected, to do the extraordinary. take your business beyond. ♪ vonnie: live from new york, i'm vonnie quinn. guy: from london, i'm guy johnson. ."is is "bloomberg markets let's check in on the bloomberg first word news. here with the details, renita young. : stephen mnuchin says that chinese officials will travel to washington next month in a sign of good faith. mnuchin told foxbusiness news -- mnuchin: part of the conversations we will be having with them is around currency and currency manipulation. renita: mnuchin told foxbusiness news that they are willing to continue with t

elliott believes -- they believe elliott wants -- has a three-year time horizon on this. they both want a $60 stock. that's a pretty long-term deal. just so you know. but you know, the people i'm talking to internally, they think if he could get out with a pop, he will. we should point out there are more meetings out there. we ran this by elliott. they have no comment. but a person close to elliott, we will just say, tells me there's no connection with the white house. that's what they're saying. i will say this. just so you know, if you think there's a connection with the white house where i'm a little dubious of that whole -- ashley: right. right. >> paul singer, he's a noted republican, he's the guy that financed the infamous dossier first. everybody thinks that hillary clinton, the democrats, financed the dossier, the steele dossier. it was actually him, i think, that financed it, gave it to republicans and somehow it made its way into the democratic campaign. just remember that. ashley: because of that, you think there could be a connection between the white house --

. >> elliott. >> elliott. >> phone home. >> we will see where this -- >> your e.t. how successful will that diversification be and obvious elliott has an interest in it. >> yeah. larry, i mean, there was a time when seeing an activist investor taking on a company like that was not uncommon obviously it's gotten much more common how effective is it when they take on big companies like a 264 billion? >> it goes both ways you can point to a situation where they've made a contribution and you can point to others where it's been a negative involvement so who knows. in this case i think at&t is strong but as i said they're trying to diversify and the question is whether they'll be successful or not. elliott wants to have a hand in that, i take it. >> pretty good looking chart there, larry >> yeah, it is >> yeah. >> all right >>> coming up, state attorneys general expected to target google in an anti-trust probe today. we will discuss the latest increase into the company practices after the break and then at the top of the hour house minority leader kevin mccarthy will joi

elliott management has been judicious and nice to them.all and we broke the story the government was going to retry the case to try to break up -- liz: he told you bring it on, we are going to win, and they did. >> they did. everything has been hunky-dory now. this is where it could get nasty. this is the first sign this activist investor is going to push some buttons over at at & t, that may not sit so well with randall and the senior people there at at & t. what we understand, now, no firm decision's made, we are told, but elliott management is weighing whether to prod at & t about a succession plan for randall. we should point out he has said in the past he has no plans on stepping down, he is getng up there in age although some people say he may stay for another couple years. he has pointed to john stankey as heir apparent. he's the c.o.o. of the company. i think it's called not warner brothers. not called time warner anymore. warner communications? i can't remember. anyway, time warner -- liz: media group? >> maybe. it's not time warn

nonfiction book i read presented be mistaste perspective that elliott ness was as glory hound, took credit for other people's work and had nothing to dive with al capone and i discovered a writer whose fiction i knew had written dick tracy but written some books about elliott ness and his career and presenting a very different image of ness that while not kevin costner and robert stack was closer to the heroic image i knew from hollywood and these were historical novels and always had a short after word at the end, and the talking pout ice research and source asks pricessed he was no to 0 to use ness's papers are kept and to discover what had been discounted but his career spying live with regard to al capone were verifiable fact and i loved his work, got to know him and i was studying history at the university of michigan doing the thesis that would become my first book but the or son wells war of the worlds broadcast and complained how the story had been misrepresented by hollywood and by a lot of poorly founded nonfiction accounts and eventually i said to max, we got to stop comp

the hope from elliott's perspective is, perhaps you execute on some of these things we're asking for, some divestitures, margin improvement. perhaps adding some people in terms of upper management and/or some changes on the board. and that gets you to a ten epps grower, 10%. if you get the margins and the buybacks that may come with less leverage, wilfried we'll see. and you can see the market perhaps during the course of the day expressing some doubt as to whether they will get there and the current plan in place, as well >> david, your take -- i mean, clearly they -- as you said, anyway, they want some changes in terms of leadership in those creative positions, those content creators, where they see is different from a background in telecommunications. are they implying they want changes right at the top >> you know, i think that that's fair to assume that that would not be something that elliott would necessarily object to, but that is going to be sort of -- they've left that out there. they certainly haven't said it, because this is a kinder, gentler approach right now and from ou

elliott's jumping in with a tailwind they've taken this on.y backs and that will get investors. >> all of these will help shareholders >> one of the things when leslie was giving me the report she called at&t a media conglomerate that's true. we've called this a telecom company. the company has changed drastically. in terms of what you think they should be holding on to and what they should be changing, what's the right path forward do they need to be bigger as all of the other companies comcast and others have gotten bigger thinking scale is the way to win. >> i thought the time warner deal didn't make sense it's too late. i think they should let go of turner you can get a multiple for what you paid for turner or above that, that would be a good opportunity to pay down debt with that. at its heart it's a wireless company, it is a telecom randall has come up with this concoction to turn it into something else and the stock hasn't responded and that's where we are today. >> oftentimes with these big moves, elliott is putting $3.2 billion of cap

this is probably the move that you were looking for elliott is in there agitating.omething is getting done. you probably sell this. >> you didn't say buy verizon. >> he didn't play the game. >> what do you mean i didn't play i gave an answer. i gave an answer. >> i'm in. >> how did i not play the game. >> i'm going to let that go. >> i will let that go. >> we're doing graphics if there were graphics i'd play the game. >> i didn't need graskts. >> i need graphics when you say something to somebody and they say i doept disagree with you it's var to what bb.k. >> he is not embracing this. >> to opheim tim he is's point knows. >> calling a pivot or spin. >> we're pivoting away microsoft shares up about 1.3% in the extended extended session. boosting the quarterly dividend, a buyback wow, guy. >> there are concerns. they have moved to the right businesses the valuation is changing with it it's a growth story, believe it or not but at a certain point valuation matters. and $40 billion on a surface is a monster number but when you are a trillion dollar market cap it's not

that is probably not elliott management's goal.is to turn the business around and boost the value for shareholders. they did not talk about doing anything with the media assets or making changes. back to the shock and the undervaluation, which is interesting because it is traded at a deep discount. over its history is actually treading relatively rich to where at&t has been. if elliott management will succeed, the changes will have to be deep. it sounds as though the at&t management is on board with elliott management. it does not sound like there a hostile relationship. perhaps things will get done over time. guy: thanks very much. coming up next, our global battle of the charts. that is next. this is bloomberg. ♪ here, it all starts with a simple... hello! -hi! how can i help? a data plan for everyone. everyone? everyone. let's send to everyone! [ camera clicking ] wifi up there? -ahhh. sure, why not? how'd he get out?! a camera might figure it out. that was easy! glad i could help. at xfinity, we're here to make life simple. eas

elliott's recommended actions.over to you >> thank you >>> and verishop, online retailer started by snapchat's former technology officer announced free one day shipping through end of the year. get your favorite fashion and beauty products fast, no membership fees, no subscriptions, no minimum purchase joining us, the ceo and co-founder, imran khan >> thanks for having me. >> your co-founder worked at amazon seven and a half years. >> yes, my wife. >> also your wife. can't leave her out. she has expertise of retail. >> she has everything. >> what's the theory of verishop retail is a punishing business, investors are aware of that given what's happening in the markets. why are you going to succeed where others have failed and where amazon is? >> great question. when i told my friends that hey, we're starting e-commerce business, they thought i am having mid life crisis that makes me more excited i think the key thing is internet has a trust problem fake news that you hear about is not only limited to media, there ar

it is on the third page of professor mark elliott's analysis. professor mark elliott's analysis.aculty of law at the university of cambridge, fellow of saint catharines college. he also served as the legal adviser to the house of lords select committee on the constitution. and on the third page, in the final paragraph, the court sees that leads on to the question whether notwithstanding all of the foregoing, the answer to that question, an answer that largely follows the foregoing analysis is surely no. this is so because of what once the issues are clearly understood, the court does not need to do in order to answer the releva nt to do in order to answer the relevant legal question. it is correctly pointed out that supplementary authorities tab 13 that it supplementary authorities tab 13 thatitis supplementary authorities tab 13 that it is misconceived to suppose that it is misconceived to suppose that the exercise of the prorogation of power necessarily involves matters of high policy. it's exercise is almost always mundane. and he says it is possible to go even further in the

elliott is one of the biggest activist investors, read agitators, and this time, elliott is calling at & t and saying you know what, pick up the phone, we have some suggestions to make. the hedge fund which just disclosed a $3.2 billion stake in the media giant has sent management at at & t a letter that not only seeks a seat on the board but calls for the telecom and content company to review and divest of certain assets that the hedge fund feels lack strategic rationale. namely, satellite service and at & t's mexican wireless operation. elliott put at & t's management and ceo randall stephenson on blast for specifically its directv purchase, the satellite business, and elliott says it remains wary of the massive time warner merger which included hbo and cnn. in response, at & t said quote, it looks forward to engaging with elliott and will review the hedge fund business's strategy. right. i'm sure they look forward to it. what is at & t doing? management may be anxious but investors really like this new attention. it's up two full percentage points right now. $37. >>> all right. to t

i mean attorney general elliott richardson had been appointed by richard nixon. he was a lifelong republican. the lead prosecutor working under richardson on the agnew case was a lifelong republican from a powerful republican family, from agnew's home state. his own brother was a sitting u.s. senator from the republican party in maryland who basically owed his seat in the u.s. senate to nixon and agnew. and yet those prosecutors were not bought. they did not see themselves as working for the president or for the vice president. that attorney general and that justice department were willing to prosecute vice president spiro agnew because they knew he had broken the law because they followed the evidence where it led them. they don't make them like that anymore. president trump does not need to worry about the same kind of things that may have kept spiro agnew awake on this night in 1973. we learned today in what was just a remarkable series of revelations in this new scandal that has led the house of representatives to open impeachment proceedings against presiden

with the nfl season getting under way this week the dallas cowboys and ezekiel elliott have agreed on the sports highest—paid running back. the deal was finalised in the past 2a hours before sunday's opener at home against the new york giants. elliott will get $50 million guaranteed and the $15 million—per—year average on the extension surpasses the $14.4 million todd gurley got from the los angeles rams last year. i feel good. ifeel good. i'm i feel good. i'm excited ifeel good. i'm excited to be back, iam ifeel good. i'm excited to be back, i am excited to be back on the field and to go win some games. is being the high—speed running back important to you? when you heard that you were what went through your mind? just thinking of where i started. i just want to take it to the next level now. i am looking forward to the nfl season when you get started. at the us open, the women a level that one set each, deuce on the second game of the third set. the canadian has taken it and is one up. hi there. many northern areas were quite chilly on wednesday and it was a very windy day with gust

why isn't the stock higher elliott blames poor management they found the leadership wanting. they changed the strategy. stock could catch fire they didn't say if they changed the leadership, just that the leadership changed its strategy. again, i thought it was very gentlemanly even though i know many home gamers own at&t. hedge funds have shunned this stock. if randall stevenson embraces this, then the stock could be worth buying even after today's run. at&t stocks still lagging well behind the rest of the market and if they can get their house in order i think you could end up looking very cheap in this environment. yes, i say it's a buy. emphasis on it though is this environment phrase i gave you. we're seeing a wholesale revision of what's safe and cheap versus what's problematic and expensive here something that's royaling the entire market underneath while it's been going on for a week, it's impossible to deny that we're seeing an avalanche of selling as money managers swap cheaper and slower and steadier names like at&t today we saw a breakdown of growth names they wen

to the board, the plan, to boost shares according to elliott is going to be far deep stock up better up, more trouble for boeing company halting a stress test of 777 xplane after cargo doors failed more details there boeing shares down almost 1% this morning coming up this monday morning first top story this half an hour, the russia investigation, the inspector general report on fbi conduct, during the probe set techniquer to be released before end of the year could be two indictments some expect john ratcliffe talked about it. >> we know the ig has referred criminal debacles against mccabe he got a job on another network. >> to remind viewers it was last year the inspector general found that deputy director mccabe authorized disclosure of sensitive investigative information to a reporter more importantly repeatedly lied about it the investigators, i think the department of justice, is going to have to indict andy mccabe, simply because to do otherwise would be to admit that there are separate standards for the people doing the same thing, for the same conduct. maria: joining me righ

that's why the stock is such a fantastic winner elliott kicks from my own ski daddy. bottom line, the next time you're picking stocks, remember, a group of portfolio looks a lot like a good fantasy football team, and i hope that reminds you how investing can be rewarding, interesting, and lucrative. >>> glenn in indiana, glenn. >> caller: jim, i wanted to thank you for all you do for us home gamers. >> thanks a lot, buddy what's going on? >> caller: i was wondering what you think of twitter it's moving up -- >> i think twitter is good i'm reading benioff's book it's not out yet, but it's real good he talks about how he got talked out of buying twitter. and i haven't talked to mark about this, but the way i see twitter, the stock doing, i kind of wish he had bought it i bet you his stock would be doing better >>> all right. managing diversified portfolio is a lot like putting together a winning fantasy team so look for the overlap between your killer players and your winning stock picks and do not miss the big kickoff on nbc tonight. bears, packers, 7:30, nbc. much mor

they just responded to elliott management's statement saying we look forward to engaging with elliotttt management's perspectives in the context of the company's business strategy. at & t board and management team believe that execution of the company's strategy is the best path forward to create a long-term value for shareholders. they don't mind elliott's bid and $3 billion stake. >> lot of multi syllable words that didn't say a whole lot. stuart: took a long time to read it but no serious complaints. here's another. add grocery store chain albertson's to the list of big name retailers changing gun policy. they will say even in states where you're allowed to full carry, don't do it, don't bring them into our store. it's another example of retailers and/or industries and businesses getting -- being part of public issues. >> it's such a bizarre world we live in. i grew up in a gun-owning household. stores out there have to say look, don't openly demonstrate firearms in our stores because it makes our shoppers nervous. i'm sure there's going to be a big hyperpartisan argument about tha

we have to talk about ezekiel elliott.or more on his contrite extension just announced this morning and also some thoughts on natural gas, we are joined by cherry jones, owner of the nfl dallas cowboys. congratulations today. jerry: it is going to be here on the floor of the exchange. probably fitting we are playing new york this weekend. 21 --great to have the that 21, ezekiel elliott back. i am $100 million later. we are glad to have him carrying the ball. vonnie: you mentioned the giants game. will he be playing this weekend? very much. one of the great shape -- one of the great things about him, he is an inspiration to the locker room. he is a role model. he is in excellent shape. he does everything right physically. he is a football players pop-up player. he excites are locker room. before our game, sometimes he will run up and down the locker room like he is a mustang, getting excited and getting the players excited. we are glad to have him back. vonnie: it is going to be what -- going to be more than $100 million. d

. >>> and activist hedge fund elliott magement sent a letter to marathonme petroleum rec it break theny up into three separate entities. elliott suggested that the energy company keep marathon as the refinery business but split and maermt operations into independent companies. they rose 8.57% to 60.15. yes the economy is solid but slowing and some the risk of recession rising. but someone forgo to tell the rv industry which some look to as an economicndicator. the theory is simple. when rv sales do well, the economy tends to follow. sow. we sent our frank holland elkhart, indiana where a large percentage of reeational vehicles are made. >> a motor home with a bedroom that can unusual a garage. it's one of the many new model at the rv open hse in elkhart, indiana, where dealers arey expected to $3 billion of inventory. >> my personal feeling is that the american consumer is still solid. ceo of winnebago, michael happy is optimisticut abo this consumer discretionary industry, despite projections that would have sales falling a third straight year in0 after a cord 2017. >> bon bob moornt

john: they are, and that is what elliott is looking at. let's trim that off, that will immediately improve profitability. my concern with doing that is the need to fund the dividend, and they are doing that in part by tapping the cash flow generating by the satellite business. jonathan: does this highlight -- alix: does this highlight that verizon to the right thing versus going into content like at&t? john: that is a tough question. it is hard to answer. i do not know how the end game will work out. i like both strategies. both will win. at&t is doing much better on the wireless front. they have upgraded their network significantly, and i have the sense they are beginning to gain ground in terms of network quality on verizon. david: they are a good telephone company. john: they really are. [laughter] that they moved into adjacent business and that is a tough thing to do. alix: thank you so much. john butler bloomberg intelligence. that wraps it up for us. coming up on the open with jonathan ferro, jape lost the -- jay peloski will be join

we do not believe they followed through with the plan elliott had laid forward.needs to be a change at the top. we believe if we bring in the right person who executes on the elliott plan, and also will continue to build upon the changes we believe need to be made at the management level, we believe this company can excel and outperform even what elliott has proposed. alix: marathon is standing by gary. firmly andly set unanimously supportive of gary as ceo. ivan reached out to marathon myself or a response but did not hear back. what you think it will take. how much support have you been able to garner when the board is still behind him? jeff: when we release this on friday, we had a large group of institutional investors that own the stock reach out to us and overwhelmingly, they support support thean, they removal of gary or for gary to step down, and frankly, it was overwhelming. the majority of the top shareholders reached out to us. were all aligned. we believe that if the shareholders are hurt, this change to be made in the elliott plan to be implement at

elliott raising concerns around at&t's current leadership and recent m and a including the acquisition of time warner says it should reach $60 a share by 2021. the stock was up by more than 6% >> i'm wondering if he was caught up in that revariesal by the end of the day up a pretty modest amount i think that, you know, if you're a company, the activist you never want to hear calling your number is elliott right? but what at&t has is they are enormous 3.5 million is a really big stake but it's not enough to force them to do anything. in terms of like how aggressive they've been in their prior things when they came out with e-bay with a smaller company the company caved immediately. is that different story. at the end they said we would like to meet with you. i don't know if they tried to meet with them before. i don't know if they ratcheted up the pressure a tiny bit at&t should meet with them they are a large holder. they are smart people. clearly have done a lot of work. any organization has big as at&t who has done a number of acquisitions that they have must have some things that ar

a hedge fund elliott management. it's demanding changes, and spin-offs. can focus on its core assets like u.s. wireless business the stock could almost double to $60 a share in the next two years. elliott wants at&t to review and divest from many of its noncore businesses, for example, spinning off direct tv and its mexican wireless business and questioned at&t's $85 billion purchase of time warner. in the letter to the board elliott called time warner a, quote, spectacular question, but then questioned at&t's strategy. here's the language. at&t has yet to articulate the clear strategic rationale for why at&t needs to own time warner while it's too soon to see if it can create value we remain cautious on the benefits of the combination. shares of at&t are up before the opening bell and up at the open here. big on the news because, you know, they're saying if you make these changes the stock could almost double. at&t was not immediately available for comment. at&t's media division, cnn's parent company. it looks in this long lengthy letter like asking for

that's where we're at. >> situational ethics. >> good way to put it. >> elliott and john, thanks veryportant to emphasize again that despite what we're hearing from the president and, of course, his personal lawyer rudy giuliani there is no evidence whatsoever of any wrongdoing by joe biden or his son hunter in ukraine. keep that in mind. lot of these charges get -- >> people should take time to read the whole background here. >> they should. in short there was a prosecutor, u.s. pressured to fire there, the question from the obama administration's point of view was that that prosecutor was not effectively rooting out corruption in the country. the president saying it was about money. >> and having him pushed out. >> so we're going to stay on top of the story. a cnn poll shows elizabeth warren surging not only nationally but also in the key state of iowa. is joe biden's frontrunner status at risk? harry enten will be here to crunch the numbers coming up. parts of me i didn't even know. i find out i'm 19% native american, specifically from the chihuahua people. what?! that's... i find

and potentially its recent acquisition of warner media according to the wall street journal elliott levy to its criticism in a letter addressed to saying quote a t.n.t. has been an outlier in terms of its mergers and acquisitions strategy most companies today no longer seek to assemble conglomerates will be skipping my on this story as it develops. and here to help us drill deeper into gold prices and the role that that last wrist metal is playing during this trade war we are fortunate to be joined by the dynamic duo of tata horwitz chief strategist trading and jeffrey tucker of the american institute for economic research gentlemen welcome back to this show so 1st gold in china it almost feels wrong to discuss this without peter schiff here but we have to ask you what is the sort of diagram on the play here for china in ball king up there gold purchases we know in general gold as a result to sort of security but what is their security specific interests and bulking up reserves right now jeffrey i'm sure you have a take on this. suspect everything is obvious with the us more or less tryi

if you endorsed elliott's management activist investor role in at&t, why not rgb now?> because i think because in the end the company's just not that great a company i don't know how you make it into a great company you have to hope that they're putting it up for sale that's not what they want to do. and i don't like to play hope. i'd rather own high quality and bet beth that the high quality wins ite rather own mcdonald's. i'd rather own wendy's i would rather own geez, well, garden, even down five today off of what seemed like a not great quarter. all right. i've said it before and i'll say it again brian niccol's surgeonaround strategy has been so successful even the bears are hibernating remember, the best stock in the s&p 500, build your position slowly much more "mad money" ahead. what the heck is happening in the oil complex? i'm offering the crude reality, we always like to use that term around here. then does your portfolio have what it takes to fight the unknowns in this market? i'll be the judge of that when we play am i diversified, and all your calls and r

and then to bring elliott. knowing they would be nullified for what they did. meant tod say these plaintiffs have shown courage. and you have to understand why south carolina is so important i know you cannot comment about dylan ruth but he is the judge in that case but if somebody said guess where someone just killed by people at a church i would've said charleston. that is the hero for black power the black is stayed in the union, 48 percent of all enslaved ancestors injuring through charleston. majority black state and reconstruction there were 20 black men elected to congress seven at one time. it is a paradox. and in 1860 there were 488,000 free black people living in the united states with three.9 million slaves of those you think they would all live north of the mason dixon line as soon as you can run away from slavery. wrong. 263,000 lived in the states where it was illegal. i am from west virginia just 20 miles from the potomac. with three sets of black people and they live 30 miles from where i was born. so in virginia until june 201863 so that when t

so, you know, you've got trump bearing down on them, you've got elliott bearing down on them.reet is flooding randall stephenson, the ceo, with ideas including selling it to dish. liz: who won monday night football? >> who did? liz: cleveland browns. >> boo! >> by the way, since we're on football, can i make one point? this is the gordian knot, the hobson's choice, whatever you want to say, whatever cliche, if they don't resign with the nfl, they lose 10% of their subscribers. if they do sign, they pay $1.5 billion. by the way, the nfl gets two big checks; one from monday night football, something like $2 billion from abc. the second is from directv which is bleeding subscribers for $1.5 billion. liz: charlie break it right here. we will be watching dish, at&t and all the other names that could be involved. dueling market calls. with the dow up 17 points, $4 billion man is playing referee in the latest recession tug-of-war. two big recession calls, one no, one yes. u get decide, and ken has the picks. ♪ ♪ . . - did you know that americans that bought gold in 2005 quadrupled th

eliana plot and former federal prosecutor and cnn legal analyst elliott williams. you guys will answer our questions. thank you for being here. eliana, we'll get to lewandowski in a moment. let's begin with this politico reporting. i find it startling that someone so seasoned like nancy pelosi who has been through tough debates getting people in her own party on board before, you know, felt the need to, apparently, according to politico, say to those in the room, go ahead and leak this. just showing how wide the divide is between nadler and those on his team and the impeachment front and those siding with pelosi. >> so yesterday i think pretty unambiguously was a circus. that hearing with lewandowski. but i don't think that all falls on mr. lewandowski. i think that democrats, and especially senior democrats feel that because the caucus lacks any unity when it comes to what they want to pursue in terms of impeachment, if they did, in fact, go down that path, what they would want to impeach the president for. you have to remember, poppy, this is something that democ

. >> all of your headlines in about 60 seconds elliott management reportedly started looking at at&tt year when shares suffered after the company bought time warner a report that they did not know about elliott's plan stocks moved big yesterday england's prime minister boris johnson pushing for brechl ilt parliament now suspended and aramco preparing to go public quote, very soon the company plans to also list internationally. still no word on what exactly location or what exchange. time now to get random but interesting. this about a huge move in the stock market that probably nobody even noticed. there was actually a shift still yesterday, the middle 400 pretty much stayed put the worst 50 performing stocks soaredyesterday. prizing another 3% the smart money either went bottom picking or short or both. those names like l brand, those surged we'll see if that trend continues. today, another example as why we only tell part of the story. >> it has been a wild ride what can you expect in the fourth quarter joining us now, chief u.s. economist. he joins us now. welcome. good morning do

my archaeologist friends, mark elliott, i gave him a phone call and he came down to have a look at thetuff. and he took his glasses off, put them back on again and he said, "where did you find this stuff?" i said ifound it in the loch here, and he said we don't find that stuff here. i said, i didn't put it there. he says, you don't know what you found here, boy. this is early neolithic. it's not supposed to be here. all these islets and islands only go back to the iron age. change in the history of scotland. that's quite some feat for a bowl. i think for a bowl, all right, yes, it certainly was, aye. can anyone come out here and started rummaging around under the water there to find some amazing relics? no. before i go to any loch, what i do initially is seek permission from the estate or from the trust or from anybody that owns the area. i get permission before i start, before i stick my head under the water. chris's finds make some of these crannogs older than egypt's pyramids. he is now working closely with archaeologists from england to see what other secrets they can unearth. whil

. >> elliott, the president has no immunity from state charges, not just after he leaves office, butven while in office, right? >> right. we saw through the special counsel investigation so much national, nationwide discussion over who can charge the president or not. the state can charge the president even now. now, look, good luck getting process served on the president of the united states or getting him to sit for an interview. you know, another point on this hit job point. at the end of the day, let's not forget that they're still covering up misconduct. now, on the one hand, it might have been hush money payments. on the other hand, you know, in this instance here, it's falsifying business records. it's still conduct we don't want anyone engaging in, and we shouldn't be quick to desensitize ourselves to the fact that people are trying to cover their tracks and trying to cover up illegality. now, that said, it doesn't carry huge criminal penalties, and we'll just have to see how it plays out. >> i mean they were just covering up a noaa map with a sharpie. >> there's a lot of cov

the season for cologne talisman anthony modeste after he converted a beautifully placed cross from elliott scary. and it was scary to see old the injury time sensation he slalom his way through frogs midfield charged into the box and how much it how to capture colognes 1st 3 points of the season joy at last on match day 3 for the newly promoted p s. it's a similar situation is next match newly promoted tata boys started their campaign with 2 defeats have the an enviable task of travelling to vosburgh it was and won both of their 1st in much as they were soon stunned by the visit is. open the scoring in the 12 minute when coyote hammered home a look at their some fancy work for a steady mamba and the brazilian finished the job in style. 10 minutes after the restart they said greco firing a rocket to rescue a point for the wolves as the only newcomers. here's a look at all the results from match day 3 so far the most shocking result without a doubt coming from right here in berlin new ones a 31 win over in their 1st ever been listening to when very few would have had that on the cards before

thank you very much, elliott williams. >>> beto o'rourke has a swearing problem, but is that what itt attention on gun violence? president trump puts an ultimatum on guns, but will he do anything? do you have concerns about mild memory loss related to aging? prevagen is the number one pharmacist-recommended memory support brand. you can find it in the vitamin aisle in stores everywhere. prevagen. healthier brain. better life. mytill he signed up for atunitedhealthcareealth medicare complete. ♪ now, it's like he has his own health entourage. he gets medicare's largest healthcare network, a free gym membership, vision, dental and more. there's so much to take advantage of. can't wait till i'm 65. a few more chairs, please. unitedhealthcare medicare complete plans, the only plans with the aarp name. free dental care and eye exams, and free designer eyewear. go ahead, take advantage. it also has the highest growth in manufacturing jobs in the us. it's a competition for the talent. employees need more than just a paycheck. you definitely want to take advantage of all the benefits you can

stevenson since then he seemed to indicatein his comments that there were certain things that elliottaid they could necessarily already are agreeing on and/or at least moving on. but this is going to take some time i haven't talked about it a bit. not as though i haven't been hearing from people involved and i think the nominating window is january 27th there isn't a sense in the at&t side they have to move quickly here in responding but they will over time and we'll see if they get to some sort of happy medium or place with elliott in terms of whatever their demands were. that's one of the key things here they didn't necessarily ask for -- they asked for better management, they clearly indicated mr. sank stankey is choice got some data indicates, he's very comfortable with in fact john stankey being the man who takes over for him stankey will move into that coo rool role in a permanent way and find someone to run the warner ass assets, a deep and long track record in media. we'll see who that person will be. >> the story is floating he's out. he's done, he's retiring >> randall >> ye

john: the impetus behind it was a letter from elliott management , the hedge fund that sent a letteroard, and said we would love to see you, among other things, pare down assets. they mentioned directv. it is the satellite business, and it's been in secular decline for a couple of years now. they are losing subscribers. it's been a big drag on growth, and it is sort of questionable about where it fits in the grander scheme of things at at&t. i think elliott is looking at it , and at&t is probably looking at it, saying, what do we do from here? the best answer may be we get out of the business. guy: the upside seems pretty big, john. at&t is reasonably well geared. leverage issues are certainly something that people talk about when they talk about this company. this just makes sense. it is not a drag on the growth story, and it helps with the gearing. john: you know, they might argue back that the addition of satellite subscribers gives them good cross-selling opportunities, number one. they are ther two, largest paid tv provider now in the u.s., so they have great leverage with conte

that investor is elliott management.is the largest stake they have ever taken, the largest company they have ever gone after, at & t. you even had the president weigh in today saying that it's great news that elliott is doing so. so what is this activist investor pushing at & t to do? they own a $3.2 billion stake. they have called on at & t to sell some of their assets because they believe, i quote, that returns have been disappointing. they have also questioned the deal at & t buying time warner, time warner operates cnn, hence the reason why the president weighed in. they are still trying to understand that -- the value behind that $85 billion deal. then last but not least, elliott management also predicts that the stock could climb to 60 bucks, helping a lot of people get in. we are talking about the stock year to date up about 27%. still off the highs from the late 90s, but doing quite well. one of the biggest movers today on the s&p 500, i like to point out the company is highly levered. speaking of highly levered,

blockbuster, the dallas cowboys agreeing to a mon monster contract extension with ezek yell ezekiel elliottestor sentiment, a lift on news from across the pacific carrie lam making it official she has withdrawn the controversial extradition bill that sparked months of protests and impacted the economic climate. some protest leaderes say demonstrations will continue, though, unless other demands are met, including calls for greater democracy, some of the protesters are asking for a complete review of police behavior, no indication she's going to give them that as well. >> i would say finally to this, right? they have been protesting now for 13 weeks this was one of the core issues that set it off. they have other demands, but a lot of people in the market, the notes this morning are looking at it as china blinked and that's kind of the theme today. we're sort of walking off the edge, the british pound is higher as boris johnson, the in prime minister's enemies go after him against the no deal brexit and so that's providing a little relief to the market as well risk remains, including the fac

activist investors elliott and starboard unveiled ownership stakes in the company.lliott pushed for the sale of those two assets, arguing that they could bring in more than $16 billion. now here's what's interesting, guys wenig agreed on a strategic review and shares have actually climbed nearly 40% this year, far outperforming the broader markets. it's not clear that the market at least initially sees wenig's departure as a didn't thigood tg shares this morning lower. but, guys, there are still plenty of concerns about ebay's growth prospects here. it has struggled to compete with amazon and its gross merchandise volume is a key metric for this company. that's the total value of goods sold on the site that has been declining. to offset slowing growth, ebay is looking to advertising and payments so who they choose as its next ceo, potentially if they could come from one of those spaces, that could tell us a lot about where the company wants to go next back to you. >> so the change in leadership here at the top, i mean is the read-through that maybe wenig was -- i kn

at least according to hannah elliott. >> hannah elliott, continuing to have the best job, we sent here she tested the ferrari, which replaces the 488 gtc, which is the big sports car that you would see and think oh, that's a hot ferrari. it has the same twin turbo v8 engine, it is redesigned, it's lighter, faster, she had a great time. her review is that it is an incredible car, the most beautiful ferrari they have made in a decade and all the critics agree. jason: she even goes to the way it sounds and makes comparisons to almost a musical note it strikes. >> yeah. you know, if you've ever been in a car like that, it can sound like a ripping noise. it can be not beautiful, though it is a very powerful sound. she said the sound of this car is truly beautiful. jason: a great book review as well, a new book by bob iger. it's not really a tell all because bob iger is not that kind of guy, but there are some pretty amazing details in there about his career, not just running disney for the past 15 years, but how he got there. and candidly, what he endured in that see sweet. -- c suite. >>

saying the stock could go to 60. >> well. >> that is what it said elliott management we want drivewayo it if it were to make changes in the time warner deal. >> only move they need is -- stock bleeding -- direction tv show that no matter what you do in future that there is going to be the free cash to support that a dividend payment as long as i know that those dvrdz are dividends come comfortable with stock. >> i am sure that is right one of the key reasons people buy stock. >> not for growth they want the income. >> exactly, quick break apple getting refresh technology giant gears up to unveil brand-new iphone when you can expect on store shelves coming up then a new era for alibaba founder jack ma steps down as head of one of the largest e-commerce can bes companies we are breaking it down what comes next? back in a minute. ♪ regulataising a son raising a daughter ♪ ♪ all right brad, once again i have revolutionized the songwriting process. oh, here we go. i know i can't play an instrument, but this... this is my forte. obviously, for auto insurance, we've got the wheel route. obvi