jim stewart joins us today. your thoughts on our company, our parent and the fact they are walking away from this. >> i think it's an amazing ruling out of the government. i think the flip side of that because they don't compete in any relevant markets, i don't think it's going to hurt comcast. they weren't going to gain in my view any huge competitive advantage. scale, yes. they'll be okay i think. from a broader policy perspective, it's very bizarre you have companies that are not actually competing and are now being blocked. it may be unique to this net neutrality issue and area of communications, very sensitive area. you want a lot of content. if it's not, this is a serious challenge. >> the public interest part of this as it relates to the fcc as opposed to doj seemed to loom larger. the idea of a hearing. there it was all about the market power in broadband, which has only grown significantly in the last 14 months as its importance to consumers. >> right. this has become a big issue politically. from an ec

after the break, we'll talk to jim stewart about today's big market sell-off.d be settled easily if men were only willing to think. all of the problems of the world all of the inefficiencies could be settled easily all of the opportunities could be realized if we were only willing to see patterns in data we could never see before. to design a machine that thinks like we do. track epidemics. predict breakdowns before they occur. to become smarter every day. if men women machines were only willing to think. big day? ah, the usual. moved some new cars. hauled a bunch of steel. kept the supermarket shelves stocked. made sure everyone got their latest gadgets. what's up for the next shift? ah, nothing much. just keeping the lights on. (laugh) nice. doing the big things that move an economy. see you tomorrow, mac. see you tomorrow, sam. just another day arfolk southern. >>> good morning. i'm sue herera. bloomberg terminals went down for 2 1/2 hours due to apparent technical problems. this prompted the british government to postpone a planned $4.4 billion debt issue.

have you heard of anything good to say about other than my friend jim stewart wrote an article in the new york tiles, he cale on cnbc talking about how italian suits have come down for americans, a couple bargains and hotels. other than that excellent piece, can i not think of a single word or prognosticator that came on suggesting any positive object the greenback being as strong as it is. while a stronger dollar makes it harder to compete overseas. it means they can get a better dollar for their buck. we all do things statically as if companies can do nothing but a beat down going into the earnings season because of the weak dollar. can you imagine if other companies would take advantage of the dwlar like fedex did. and i would not be surprised if they did. either way, we have a data point if it's showing a european come b.c. good numbers last night. europe is not small. there are 770 million people there. they're twice as big as us. it was a tremendous market at one point. everybody chased it. all the costs about this being a lost decade for europe i think seems sham low in light o

let's get to our cnbc contributor, pulitzer prize winning "new york times" columnist jim stewart. >>he week. plasive deals in energy and pharma, fedex, right? you had the watch. ge today. i mean, it's -- >> it's an exciting time. >> what's first at the top for you? >> a couple of things, sometime i've been talking about, europe i thought undervalued and there was going to be a move. we've seen that move. emerging markets looked undervalued they're moving. look at china. i have to say everything's looking valued here except maybe energy and commodities. if you really want to be a contrarian and be early here commodity cycle has been moving against commodities now really since the financial crisis. some of the energy deals look like people are bottom fishing, that's a bet that these things are going to solidify in the future and that may be one pocket that is left for long-term investors. >> to build on that question you've got a lot of fed talk and some trying to figure out is it june, september, it looks like september. you were on the brink of earnings. we've got the strong dollar w

stewart's shoes. watch where those shoes are stepping. you've stepped in it now. oddly enough over stuff you've tweeted. i need not share it. jimne with it. we're addicted to the rush of being royally teed off. one of the funniest guys i know said it's time -- it's so good to have you. i read your piece in time magazine. i cheered out loud. left and right, i think you hit this over the top. this rage thing. what is driving it? >> it has nothing to do with left and right. the people doing it are the same person. the arch liberals, the arch conservatives. the same self-serving ass that wants everyone have the same line of appropriateness as i have. if i don't like something, i don't want you to say it either. when you start targeting comedians and saying, you said something inappropriate. what do you think comedians do? we say things kind of inappropriate. that's part of the job description. >> let's talk about conservatives first. they took a lot of remarks and tweets and comments he's made about jews. whatever group you want to make. and saying, well if someone on the right did that, it would be over. it would be finished. it's