i guess i think what would john malone do? if john malone ran yahoo!tock would be a lot because they presume a reverse trust separation of assets. tax free, spun off. >> and yahoo! japan stake potentially. >> you could just separate the two parts. the value of yahoo! would be a lot more. because the market has seen through marissa mayer and seen through the board -- of course, the board has known for our long time not to be a smart board. although, they did make a smart investment with alibaba. i think the market is overdoing it, presuming a waste of capital on the taxes and then of the cash. so i'm just saying -- i'm not saying that they're wrong about that. i think this corporate governance environment will not allow a wasting of money to pay taxes when you could separate assets. they haven't articulated their strategy. if it was malone, you would already know that's going to happen. i think they're waiting. they have to wait two months after that ipo in order to properly do this. either they have it and they're going to say, or it's not going to be

number three, it is a competitive market across europe we've seen john malone make a lot of investmentspe and this is the response. >> the competitive market, i've sky done and bbc done, and netflix, this is a stock for the brave. this is a big move and it seems to happen one way or the other. what are netflix doing right and wrong? >> this is a momentum stock and it is not driven by earnings or's but subscriber trends. what happened here is we had different -- disappointing subscriber attacks. >> issue number two was time warner had their investor day in new york and hbo the first time announced they will go over the top with hbo in north america which means you can get hbo now over the internet like netflix without being part of the pay-tv bundle. that is a big competitive threat to netflix. >> i will get dramatic you get sensible. company a house of cards, if hbo goes after them are they game over? >> i don't think so. netflix has a couple advantages. have great brand recognition in the markets they are in, and they have first to market mover advantage. you could argue that hbo is ca

as karen points out, this is not an easy thing to do, you can say that john malone has done this, buts not every day you have whacky structures like this coming through. a cynic would say maybe marisa doesn't want to run a smaller company and she doesn't want to do it, she doesn't want to run yahoo, it's nice to have a company worth three or four times as much because of the stakes. >> j.j. thanks for coming by, appreciate it. always good to see you. j.j. flash. >>> all right, so would you want to be a owner of the divided -- if they're able to do that structure? >> no, yahoo because of all of the reasons you're talking about right now. i think the stock gets thwarts that 50 number. i don't know if it gets to the actual valuations. i like this name, that's why i stayed in it. the options told us for a very long time expectations are for 50 plus dollars a share. >> i think if they did that and you were able to have yahoo trade -- i'll buy anything for zero. of course not, that's the point, that's the point, it wouldn't be zero. that would be a way to unlock value. >> i have been in a 4

john malone closing their upcoming acquisition in the netherlands. >> good to see you as always.g up what is worst then getting benched by your coach? benching yourself. and is this bank the best for your buck? 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 at norfolk southern. >>> welcome back. is bank of america a better buy than jpmorgan? that's what the bank analyst over at ubs is saying. it is says our call of the day. he's going to tell us why right now. brandon hawkins joins us live from new york city. brandon, welcome. >> good morning. good afternoon, i guess. sorry. >> upgrade bank of america to a buy, downgrade jpmorgan to a neutral. talk to me about b of a first. why is it the best bank for our buck? >> sure thing. so b of a lines up as a classic recovery story. b of a, mo

john malone and liberty media conning and making acquisitions.ny and italy. function of the growth and consolidation of this business. >> a tough day for netflix yesterday. >> they had a double when a double whammy. they disappointed investors with their growth and subscriber metrics. the primary metric that drives the stock. they missed estimates. at the same time, hbo came out with a very big announcement that said for the first time, hbo will go over the top and americansumers in north hbo over the internet. you do not have to get it via ap tv package. >> netflix model works. how far ahead, in terms of the business model, they've been doing this longer. are they ahead of hbo? they are ahead in the u.s., they have 36 lien subscribers versus 30 million subscribers. netflix has been growing so much faster than hbo. hbo finally got to the tipping point here when they said it we have to go where our consumers are going. we have to expand our model and go direct. at the risk of maybe upsetting some of our pay-tv partners, that is where consumers are