john legere got kicked out of the at&t party.obile just announced it had the best quarter in eight years. they're going to cover early termination fees to get customers to switch from other carriers to t-mobile. they are showing subscriber growth as well. jon erlichman sat down with john legere earlier this week. >> what i did is i announced ahead of schedule q4 subscriber numbers. 1.64 5 million net adds, making the year 4.4 million postpaid. 869,000. the growth of t-mobile is growing. the revolution continues. number two, we have the fastest 4g lte network in the united states now. we have crowd source results. the cease and desist letter is going out to at&t to take those billboards down. those two things were important because now the answer to questions are why not switch? why would you not switch to t- mobile? the answer is termination fees. we are eliminating early termination fees and moving the industry to no contracts completely. what it can mean, a survey was done last week and families said they would consider t-mobil

john legere sits down with us. this interview may be more shocking than ever.t's next. ♪ >> welcome back to "bloomberg west." t-mobile ceo john legere got kicked out of the at&t party at ces earlier this week but he may well have the last laugh. t-mobile announced it had the best quarter in eight years. they will now cover early termination fees to get customers to switch from other carriers. it is showing big subscriber growth. jon erlichman sat down with john legere at ces earlier this week. >> there are three parts to what we see. i announced ahead of schedule q4 subscriber numbers and the surprise was 1.64 million net adds making the year total for t-mobile 4.4 million. post paid net, 869,000 so the growth is one. -- is grown. the revolution continues. number two, i announced a fun one -- we have the fastest 4g network in the united states by speed test.net. crowdsource results as of today. the cease and desist letter is going out to at&t to rip those billboards down and those poor kids will be unemployed. those two things are important because now the answ

. >> we are going to hear from john legere later in the show, and our senior west coast correspondent, jon erlichman, was at ces and talked to the incoming qualcomm ceo, steve mollenkopf. talking about the self driving car. >> you are finding consumer electronics are pulling more and more the technology that is required in the smartphone into those new areas, and for us, it is a great opportunity. everything wants to be connected, and everything wants to run some form of mobile os, so the strategy we have had, we think mobile is going to go into everything, and it is a strong reason why we are excited about the business. >> should we be thinking of this as an extension of mobile or as a new area? in these new areas, are they connected? is there a new landscape? >> you should think about qualcomm in the following way. the core business that we have been successful in, we still have a lot of legs in it, and secondly, there are connect to do things like tablets and wearables that require the same technology that you have to develop to be successful in the smartphone space, so to me, they

of accumulating spectrum and we believe that will give us the foray into the wireless space. >> john legerelot of headlines for his strategy, what do you think about what he has been able to do over the last year at t-mobile? >> i used to work with john. i think he has done a nice job of changing the consumer offer in the wireless space. i give him a lot of kudos . >> i asked you whether we would see some type of deal between dish and directv. it is a question you have probably been asked 3000 times. i think it's important to ask even the question of how long are people going to be interested in staying with a video service if customers decide to go elsewhere. is there a benefit of your two companies coming together? what's the latest? >> it's another option just like t-mobile. there would be some synergies putting both companies together. quite honestly, you are still in a saturated and mature market even with direct tv and dish. wireless is a growth market and that's our primary objective going forward. >> earlier today, we spoke with the ceo of aereo who has been doing boxing with broadc

>> i cannot talk about that. >> ceo john leger.e're going to talk about that. >> you want to talk about me. that was your favorite part. >> i love that analogy. once we will talk more about t-mobile. ♪ >> welcome back. with me now to discuss my interview with t-mobile ceo john legere is paul kedrosky, back from san diego. cory johnson is here as well. i will start with paul. let's start with the microsoft idea. he would not have to move too far to redmond, washington. what you think about his answer to my question about whether he has been approached? >> i honestly snorted whenever i heard that. i mean, i guess. it is possible. microsoft is probably working alphabetically and they have reached the l's. i don't see it ever happening. the company is in tech terms, about as conservative as they come. there is no fit for my standpoint. >> k and j come before l. >> i don't know about that argument, but what you think of john legere's antics combined with what he has been actually doing at t-mobile? >> there's a long, proud tradition of

. >> coming up, we will talk about t-mobile ceo john leger.ter question of the day -- what would you sacrifice for a lower cell phone bill? about $380 a month. >> a mortgage payment. .weet us @bsurveillance ♪ >> this is "bloomberg surveillance." tomscarlet fu here with keene and cristina alesci. let's get company news. facebook does its first deal in india. buying mobile technology company that develops software that improves the performance of apps running on google's intuit system. no financial terms were disclosed. sony will launch an internet-based television service that will bring live in demand programming two tds and playstation consoles -- two tds and playstation consoles. fuel rate $34 million to expansion. it plans to add five more at the end of march. that is today's company news from the files of bloomberg west and. talk aboutto t-mobile. shaking up the wireless industry and not just because the ceo got himself kicked out of a ces party thrown by competitor at&t monday night, but because ledger calls himself an t-mobile an un-carr

and the t-mobile ceo, john legere. jon? >> john legere just got off the stage.ion fees to those who want to switch to your network. took shots at at&t sprint verizon. first, a big macklemore fan? >> big macklemore. >> you got kicked out of the at&t party. >> i had a pass. i went. i love macklemore. >> were you going to make some mischief? >> i could see why they think i would. but this particular day, all i can tell you is the humanity that surrounded me and escorted me out. i'll give you one fun line. i said to the woman, are you sure that at&t wants to throw me out. and she listened to the mic. and she said i talked to the ceo. she wants you to leave. i'm not sure what that was. clearly, if at&t was angry enough to throw me out then today, they probably would do more than that. >> it seems like maybe they had a whiff of what you were doing because they targeted their $450 offer specifically toward your customers. so you're going to pay $350 worth of early termination fees for people to switch to your network. it's a vote of confidence in your network. but the

john leger at a concert in l.a. last night. no coincidence, it was literally right down the street from at&t. take a listen to my exclusive interview. >> anybody that knows me knows i am a huge macklemore fan and i am going to be right in the front row, hopefully when he dives out and body surfs on top of me and i throw him back. it will be a big night. >> favorite song? >> white walls. i've got a whole list. yours? >> sure shot. for sure. >> i don't want to say anything, but it fits. >> i am not going to take that personally. ok, so we are right down the street from at&t's offices. >> i think three floors might be empty because times are tough -- i am shocked. ran my mouth off? >> on twitter. >> it is a big day for us. mothership is a big competitor of ours and so far it is going pretty well for our customers. has randy reached out to you at all? >> i do not think i am on the top five list, and frankly, i don't aspire to be. i have no personal issues with at&t. >> i was going to ask that. it has gotten a little dirtier lately.

john legere was escorted out by security after a photo appeared on twitter. >>> get ready for what someng a cheesepocalypse. velveeta says there may be a shortage. there is a shortage of the orange/yellow product. they say the demand is high this time of year as people gear up for the super bowl. so far it's short term. anne-marie, say it isn't so. >> i think it has more do with the deep freeze that everybody is sort of under, right? what do you want? comfort food, grilled cheese, tomato soup. that's probably what it's all about. >> that's right. >> as long as they recover. wendy gillette with the new york stock exchange. thank you, wendy. >>> straight ahead, your wednesday morning weather. >>> and in sports, a miami heat fan gets a one-of-a-kind souvenir from lebron james. treat more. play more. go more. now... save more at the petsmart stock up & save sale. find great deals like 5 cans for $10. plus, get more savings on all your favorite wet brands. at petsmart®. you've got to try this sweet & sour chicken helper. i didn't know they made chicken. crunchy taco or four cheese lasagna? c

john legere. cowboy or captured something that the wireless industry needs, a little personality to get customers to do your bidding? captured something t-mobile needs, when you are not number one or number two, you have to break out of the pack. >> this is not just annex, is a strategy? it is a who he is, but strategy. short-term, it is smart. long-term, more the question. >> harry, you are a turnaround expert. maybe telecom is not your thing. if you are a distant number 4. sprint, at&t, verizon, would you recommend resorting to this? >> i don't know if i would do exactly that, i agree that they have to break out. he is getting a ton of attention. not necessarily bad attention, it gets people to think about t-mobile. not my style -- >> any publicity is good publicity. >> it would be better if they had a better product. i don't think the t-mobile product is competitive -- >> the service may not be as competitive as t-mobile would want -- >> but the pricing. >> there is nothing as competitive. >> c

john leger, live here at the consumer electronics show. but thank you very much. i can see you in something in magenta. more on governor andrew cuomo's effort to change the focus of debate on medical marijuana. we will get to the details. also coming up, a look at major league baseball and some new members of the harlem. ♪ >> andrew cuomo has a plan to make medical marijuana laws. gabriel sayegh is the director of the new york policy office. he joins us from albany. he is the director of terra tech corp.. explain to us going to the speech? >> a lot of us have come up from new york city and some patients, people living with msn cancer. this is not a sufficient solution. we have those that are suffering. they are dying right now. there are those that suffered needlessly or conduct a criminal. the governor did not give much detail on this program, in his briefing book. what has been outlined is insufficient and entirely unworkable. this is for legislating the reform that we need for a sufficient solution. >> what have we learned from the introduction of various marij

i said when i look at john leger, jack was talking about how much he loved the fact that t-mobile wase game and wireless. i said i look at john leger, he's got long hair and a pink t- shirt, but i don't think of jack welch will stop it was complementary. m said he said when i think of arnold schwarzenegger, i don't think of you. >> he was in a good mood and full of compliments. we were talking about active america because they just reported, lower reserve for litigation expenses, here's what he said about the guy at the head of bfa, ryan moran had -- brian moynihan. >> he's done a good job. i have nothing against him, but ifse guys in washington, they want to peek in his office, they can go. jpmorgan i thought was done and they came after them. there's never an and to the piggy bank attack. >> that is the cash grab, at least what he thinks is a cash grab. federal regulators, the justice department, the attorney general -- >> treating the banks like an atm machine. >> he thinks it is wrong. there's nothing wrong with pursuing violators for things a did wrong and extracting the appropri

ceo john leger. 're going to talk about that. >> i know that we will -- he loves the show and we watch. ♪ >> welcome back. with me now to discuss my interview with t-mobile ceo john , back is paul kedrosky from san diego. cory johnson is here as well. i will start with paul. let's start with the microsoft idea. he would not have to move too far to redmond, washington. what you think about his answer to my question about whether he has been approached? i honestly snorted whenever i heard that. i mean, i guess. it is possible. microsoft is probably working on sabbatical he -- working out sabbatical he and they've reached the else -- working out sabbatical he -- alphabetically and they have reached the 'l's. a fit for mye sample but it would not be supplied -- >> k and j come before l. >> i don't know about that argument, but what you think of combinedre's antics with what he has been actually doing it t-mobile? >> there's a long, proud tradition of this kind of sex pistols punk rock marketing. even if y

john leger will be right here later this week. looking forward to it very much. the world's first bitcoin atm. yes, there is such a thing. ♪ welcome back to "bloomberg west." i am emily chang. we are talking about the first global bitcoin atm that is expanding into hong kong and taiwan. the first one was in vancouver back in october. i want to bring in our editor in new york today who is in on this. i do not understand. can you print this? i thought it was a virtual currency. >> one of the problems of bitcoin is the availability. was it available to? joining me by skied from los angeles -- las vegas, i am trying not to be a knee-jerk skeptic, so ignore how my knee jerks, talk about this for bitcoin. the think it increases accessibility of the currency. our goal as a company is to make bitcoin truly accessible to the masses. that is what this machine does. the easiest way for people to buy and sell bitcoin for cash. >> in terms of cash, is this because of the -- i don't know, volatility of the price of bitcoin? is exchanging it for cash a moment of cashing in on a

. >> i wonder if they like john legere. that is my question. people know who he actually is? >> maybe not many. >> many people watching t-mobile this year. thank you, guys, and thank you for tuning into this addition -- n of the show. we will see you tomorrow. ♪ >> welcome to "lunch money" where we tie together the best stories and video and business news. first day wishes for the leader of north korea. basketball diplomacy gets stuck. againststreet, the law insider trading. in technology, what is old is new at the consumer electronics show. change agents. domino's pizza, vinyl in sports, a lindsay-list olympics. the battle for your sc

in the case of john legere, he said he just wanted to see the macklemore concert.e crashed that party, he knew something might happen. >> that's a great point. stick around. i think we had to lose julia. i want to bring the panel in on this. consumer electronics show, there's been a lot of discussion about whether 2013 was a lost year for tech and whether in 2014 where are the big products? where is the excitement? have you guys been following it, following along looking at, you know, the smart plan and getting excited? >> before i answer that, i have to say this is the best thing i have ever seen from michael bey on film ever, ever. >> touche. >> but i think that the challenge with a show like ces is that anybody who has a really big, important product rollout we're going to be talking about are doing these proprietary one-on-one events. so i think ces has kind of become a lot of sizzle and maybe not enough steak when it comes to the product rollouts. that's why we're talking about john legere and michael bey because the things you have to have are getting proprie

he does so many wacky things that i have been forced to become the chief john legere correspondent. >> no shortage of material. >> it works. rivalhave a haircut to chilton. he wears a gold unicorn horn around a chain. prexy looking for a fight area >> jon erlichman spoke to him at ces talking about paying customers to leaving other carriers, that subsidy. >> unlike my normal behavior, this is for everyone, verizon, sprint and at&t. i generally enjoy doing things to cause pain for at&t. >> they asked him about being kicked out of the party. >> i love macklemore. i was surrounded by a sea of humanity that escorted me out. listen. i would have done something different. >> it was not a stunt? >> no., i was prominently displayed in the new york post next to kim kardashian's photoshop selfie and eliot spitzer's sucking someone's toes in a bathtub. i've arrived. >> it's working. t-mobile has done something that all carriers have been scared to do. they are lowering the average revenue per user. that's a really hard thing for a cell phone carrier to accept, getting less per month than they ar

know the ceo of t-mobile, john leger the maverick of the mobile industry.o on the ryan lewis show in l.a. last night because he paid for it. he was kicked out of a party that at&t threw at the consumer electronics show last month. emily chang caught up with him. >> how pumped are you? knowsbody that knows me i'm a huge macklemore fan and i will be right in the front row. hopefully when he dives out and body surfs on top of me and i throw him back. it will be a big night. >> a huge macklemore fan. >> saying he is a huge macklemore fan -- >> he is a great artist. but the bottom line is that he is shaking things up and all the right ways. he is in the press for doing the right thing not just with mobilemore, but with t- with pricing and killing contracts. rex i saw a commercial about we will pay for your fees and it was really cool. why and when did t-mobile get cool? shirts doing it with his at macklemore. >> on draghi and steffi graf -- andre agassi and steffi graf. >> what works is taking people off of their contracts. >> and they are getting into mobile ba

john leger made headlines last night for walking into an at&t event and getting kicked out.ter this week. he loves to pull some and adjusting antics. speaking about dominating the headlines, the one thing that want tobay did not dominate was his awful meltdown on stage. he got lost with the teleprompter. he just left the samsung event where they were unveiling their new television sets. how big of a deal is that? nobody could talk about anything else. people spent all this money setting up these very polished presentations and everyone is dying to see somebody slip up. last year they talked about the sony ceo and a tv that was not working properly. this year it is michael bay. this cut so much attention that you have to wonder if samsung actually benefits from all the coverage. guy, the nice thing about social media is he left the then he immediately can set the teleprompter messed up and he got some sympathy from people online. >> he said he was embarrassed and explained what happened. rating a prompter is really that difficult. -- reading a prompter is really that difficul

a does the industry me provocative or like john leger of at&t? i do not think of jack welch. >> when i think of arnold schwarzenegger, i do not think of you that much either. [laughter] >> fighting words. >> ouch. characterbeen quite a , a charismatic force for the company. >> the ceo of t-mobile we are talking about here. party.hed the at&t >> we will see what happens to guys like that, the strategy of .eing a disruptive with price disruptive with technology is one thing. disruptive with price is another . >> all the disruptiveness means is the willingness to sacrifice margin to the point where you might be losing money. any company can do that. it is just whether you think the strategy can gain market share to recover pricing power and take on the guys who had you over the barrel. >> that is a timing issue. it is working for amazon. less than 2%. >> do you think that t-mobile is losing money on this, chalking it up to marketing? >> i do not know. >> before we go to a commercial break, i want to bring everyone up to speed with the agenda. its fi

it's interesting because john legere will probably bring out similar guns against at&t and the rest ofoffer a bounty for people to switch from those carriers. this is a water shed moment in wireless. >> will he be unveiling consumer electronics to drag people from at&t to t-mobile? >> i expect he'll have announcements about new phones on t-mobile. there are rumors out there about that, maybe sony will have something. but really this is more about the way that the wireless market has changed. it used to be the carriers had the lions share of the power. they could tell everybody in the market, hey, we want a special version of that razor, we want a special version of that droid. now samsung and apple have so much sway in the market that they can say we're going to give the same phone to everybody. you guys just have to deal with it. and, by the way, pay us for these loyal, valuable customers. now the carriers are saying, okay, all the valuable customers have smartphones already, we need to compete to keep those customers and steal them from other carriers. >> i signed one of my friends u

. >> we have been talking about telecom because of the antics that john leger has been up to. entertaining. it makes me wonder, not about t-mobile, but in the context of cable, how much of a risk those verizon and possibly google posts of the cable business over time? >> they are challengers in different ways. you have verizon that has a national wireless footprint, which is probably the one viable competitor to the cable broadband plan. plans areroadband going to be the best way to do lover -- to deliver data to the home. the next generation -- >> maybe they only have the money or the desire to subscribe to one service, they're going to make that wireless. they will sacrifice speed -- >> or are they? they are working very hard on finding ways to transmit forte over mobile. think ite point, i will happen. it is a matter of timing. at some point, if you can get 8k, which is beyond imagination. >> there is a limit to the amount of spectrum that is available. that is why you have seen all of these moves where dishes buying up spectrum. that is why spectrum is so valuable. >> what

unfortunately we have to wrap it up with you, but we'll have you back very soon, daniela gibbs leger and john brabender, thank you. >>> planet hillary, the story behind the bizarre magazine cover. i'll be speaking with the author of the cover story. >>> plus, megacash for the former secretary of state. we're going to talk to the president of emily's list about the super pac throwing considerable weight behind hillary clinton. >>> and that leads us to today's big question, planet hillary, can she make the stars align for a potential 2016 presidential run? >>> we have this breaking news to share out of cairo. egypt's state tv says a fourth explosion has gone off near a movie theater, leaving one person dead. the capital has been hit by a string of bombings, including a car bomb blast which tore through the city's police headquarters. four people were killed in that attack. the bombings are a result of mohamed morsi and egyptian security forces. [ male announcer ] this is kevin. to prove to you that aleve is the better choice for him, he's agreed to give it up. that's today? [ male announcer ] w

leger,lesger -- john ceo of t-mobile, went to at&t's after hours party at the electronics show in thewas a reporter there who took a picture of him and tweeted it. after that, a bodyguard ushered mr. leger out. a good media stunt, he is known as the loudmouth of the mobilephone industry stateside, he has 54,000 followers on twitter and has been in this at&t.tious battle with he became ceo of t-mobile in 2012 and made a that of a/there by crashing at&t's party and getting kicked out. theaid i just wanted to see macklemore show, a rapper in the u.s. why had no comment on they kicked him out. >> the latest on sony. freezing temperatures in the u.s. have pushed up the prices of natural gas and oil, u.s. oil prices have been on a tear with cheryl and fracking -- with shale and fracking, etc. this has huge consequences for the rest of the world. you cannot export oil from the u.s., you can export petroleum. mother of seen the all oil booms in the u.s. for the first time in 20 years, the u.s. is producing more oil than it imports, 39% drop in induction -- 39% jump production since 2011. refi