other deals obviously affected by this include charter, brighthouse, look for liberty, look for john malone again on reaction to all of this. that's why some of these names are moving in a big way today. the debt has also been moving. now that the fcc's asked for this review panel in the last 24 hours, that also was an

. >> let's talk about john malone who is now on the board through the stock swap that was completed athat do you think his plans are? you're probably more familiar with john's thinking than any of us on the desk but this is an interesting swap because it's the first time he's actually gotten involved with a content creator as opposed to just a distributor. >> i think john publicly says what he really believes and the fact that he is going on our board, i think that's a good thing. it's a great thing for us and i think it's a good indicator of what he's thinking. i don't think john malone did this swap to own 3.4% of lionsgate. i think he thinks much bigger than that and in a global fashion. he's got a fantastic management team on any of the companies involved from charter to stars to mike at liberty global and obviously david at discovery. so we think this is the beginning of a relationship with a lot of malone influenced companies. >> do you think maybe that thinking bigger than the 3.4% stake means a bigger stake? >> well again, i can't speak for john but i think there's an opportuni

but there could be other deals in the works: and charter communications backed by bill air john malone may make a bid to by twc. time warner cable announces earnings next week when bhor details could be announced. >>> oneun of eric holders last acts as attorney general was to authorize a lawsuit against the deal. we are joined from washington with more on the anti-trait environment. so what was the main reason the government didn't like this particular deal? >> well i talked to a department of justice official today sue, who said that ultimately it wasn't about the cable television business but the comcast folks made the argument that the comcast and time warner didn't overlap or anti-competitive but they were looking at the broad band penen and an official saying this would let comcast control 60% of the broadband and the department of justice thought that was simply too much sue. >> so given what happened today, what lessons should other companies take from the comcast failure? >> well clearly what the department of justice is signaling here is no deal is too big to be scrutinized. t

john malone is getting his hands on the european wireless network.net unit is buying the mobilephone business for $1.4 billion in cash. it is based in the netherlands. raytheon investing $1.6 billion to create a new cyber security company. the new firm will combine the cyber products unit. 28,000 swarming the streets of san francisco. cyber security people for the rsa conference. one of the top three things -- joining us now is brightbrian white. good to see you. the world is gathered at our doorstep. cyber security has never been more important. what do you think the first big focus will be? brian: security analytics are what people are spending a lot of time. some sort of algorithms against the. it. it will allow you to determine what is worth focusing on what is false positive. cory: how is it different from what was done in the past? brian: what is happening with cyber is there is so much information across the wire and it is internal and an enterprise that people are struggling to pull together in one place. cory: like a denial of service attack

john malone is getting his hands on the european wireless network.elnet unit is buying royal kpn's mobilephone business for $1.4 billion in cash. it is based in the netherlands. defense giant raytheon investing $1.6 billion to create a new cyber security company. the new firm will combine the cyber products unit with web sense. 28,000 security experts swarming the streets of san francisco. cyber security people for the rsa conference. one of the top three things to focus on this year -- joining us now is brian white. attendee at the rsa conference and senior advisor. good to see you. the world is gathered at our doorstep. cyber security has never been more important. what do you think the first big focus unique to this year will be? brian: security analytics are what people are spending a lot of time. cory: security analytics is what? brian: trying to understand what is going on internally to your organization. start looking at how you can try to take away from staff. the idea is you don't have enough people to monitor all of the alerts. if you can t

even with the backing of billionaire john malone if i think a company going after someone twice as big they going to do dwm do? lever up with debt? is it a reason to buy or completely avoid charter? >> i think that's why charter's down. there is an embedded m and a premium and the m&a playbook did not play out the way we thought. and the question this time around does time warner cable get the premium or charter get the premium? >> when the news first crossed yesterday that the deal could potentially be off, directv jump ds ed on that news, hit a new 52-week high. it's trading and telling us that it's in play. is it? >> directv -- >> i mean, it's tied up with at&t already. >> i think at&t management team actually reaffirmed that their deal with directv would close at the end of may, but certainly, this brings up the option that perhaps dish could come in. you never know. i think investing in the space, regulation is always the number one risk. >> all right. we got a good look at my hair part as well. thank you very much. here is your power menu for the rest of the hour. much more from

you see a lot of these have gained during the course of the session, and john malone is expanding hisnteresting in telecon in europe paying $1.4 billion to take over the belgian from the netherlands. this is the vehicle that is majority-owned doing that deal. but in essence guys, a small bounce back after friday's big falls, back to you. >>> thank you very much. when we come back, another ride sharing company's really compete against uber. one is trying with a new method surge-free pricing and the company behind it is going to join us. dow is on track for the best day so far this month. currently up 244. we're back in a moment. [ male ] we know they're out there. you can't always see them. but it's our job to find them. the answers. the solutions. the innovations. all waiting to help us build something better. something more amazing. a safer, cleaner, brighter future. at boeing, that's what building something better is all about. ♪ if you're looking for a car that drives you... at boeing, that's what building something better is all about. ...and takes the wheel right from your very h

i was talking to somebody in the industry who immediately said john malone will be the beneficiary. >> in almost every scenario. >> look you know the irony here though is the big winner may actually be of all people time warner cable because as david said charter has already said they are interested in time warner cable. if time warner cable does decide to defend itself from an acquisition, remember, they didn't want to be acquired by charter back in the end of 2013 then you're likely to see time warner cable do a levered recap to try to defend themselves, and shareholders may win either way. >> so a levered recap, how much do you think they could look to lever up and buy back? would that -- where would that support the stock? >> if you take time warner cable back up to the old leverage target of three3 1/4 times this is a company with less than a million shares less. that is company easily with their leverage could do a $10 billion buyback over the next couple of years, and with the anticipation of further buybacks, remember, this was a monster stock for years because of their capita

it marks the first time billionaire john malone has gotten his hands on european wireless network.he world-class's largest owner of industrial real estate is expanding in the u.s., teaming up with norway's sovereign wealth fund. the price tag $5.9 billion. they own 70 million square feet of real estate. california, new jersey, and chicago. we have been following this story issuing an apology after it was swamped with demand for designer clothes. he went on sales yesterday. women lined up all over the place. the website was down within hours. much has been sold out. they took to twitter to apologize for disappointment among many fans. great for the brand. those are your top stories this morning. coming up, how costco leveraged power. plus, bill dudley will be speaking life. we will bring that he was soon as the conversation begins right here on bloomberg headquarters. it was not long ago tesla motors shocked the world with its first quarterly profit with stronger than expected demand. stocks went up considerably after that. the automaker has grown tremendously. many people do not re

honestly, the big winner if this deal falls apart, there should be a ticker-tape parade for john malonee big loser besides mr. roberts? alex: time warner cable might be a loser. tom: what about disney and the rest of them? what do they have at stake here? alex: they're probably in the and winners. because the more distribution platforms -- this was your earlier point. netflix, hulu, amazon apple. they're all paying disney. they're all paying time warner. the more distribution platforms the more of these guys win. tom: and comcast loses? you can do this on monday. i actually learned something. brendan: he actually learned something and we couldn't get to google because tom was so fired up about net neutrality. this is an amazing day for us. tom t somebody said title ii on set and it wasn't me. twitter question of the day -- should u.s. investors worry about greece? tweet us @bsurveillance. ♪ brendan: you are looking at live pictures of new york city. south of new jersey as the sunrises. this is "bloomberg surveillance." i am brendan greeley. bill dudley will be speaking this morning at 8

john malone and buying the first wireless company in europe, a move that leaves the billionaire boysake up the business. saying it agreed to by the number three wireless carrier. the purchase open the possibility between liberty and vodafone, the world's number two carrier by customers. groupon selling a controlling stake in e-commerce. kkr and hong kong-based equity partners. the 44% stake sold for $430 million. make brick to gain 230 million on a pretax basis. 30 minutes until the close of trading. scarlet fu looking at the movers on this rally date. >> groupon will use the proceeds of the stake sale on a buyback program. stocks taking as much as four point 7% in the left part of the chart. it paired the advance, which has been the story for stocks. for the year it is little changed. moving on ibm, the biggest contributor to the dow jones industrial average trading at a six five before reports of earnings after the close. x acting $2.80 up from $2.54 last year. looking for revenue to drop 13%. rbc capital markets says to look for first-quarter revenue and eps to miss estimates beca

john malone would love that. know if that's a willing construct. >> and how competitive is content now? to think that they are going to somehow dominate the control of content. it's scattered everywhere now. >> amazon people that you never had creating content before. >> here is the issue and i'm going to give you a segue to the next topic. other meeting news this morning the wall street journal reporting espn is objecting to the new very rye zon vios packages. verizon letting people buy preset channels. espn and espn 2r in this sports tier that they are offering. in a statement late friday espn said under the existing agreements that they have with verizon and this is true of every cable company right now, they don't have the right to place the channels in separate sports tiers. that's always been the issue. it would effectively -- $7 a head if you get rid of that. this is the issue and again now we're into the who has got the power, the content for the -- >> apparently this announcement from fios the details we

cable is going to get swallowed up, probably by charter communications, which is controlled by john maloney there is more m&a to come in this space and more tests for the regulators. it looks like comcast and time warner was too much for them. guy: what does comcast do next? are they done? matt: i don't think they are done. the have built it from a regional cable provider into this absolute colossus. there will be financial resources now. guy: what can he buy? the avenues for m&a are being blocked off. matt: i think the avenues for m&a in the traditional business are being blocked off. content could still be possible. there was a big regulatory challenge to the purchase of nbc universal. another one is wireless. we have one u.s. wireless carrier, t-mobile, whose owners would love to not own it anymore. maybe we could see something there. or international expansion. guy: he is a very domestically focused guy. matt: that is true. francine: thank you so much, matt campbell. guy: time for a bloomberg exclusive. she's -- facebook's sheryl sandberg and virgins richard branson sat down to talk ab

caroline: we have virgin media owned by the competitor that is liberty global john malone.fight it every font when it comes to your. uber murdoch -- rupert murdoch the controlling owner of sky. they are getting into the mobile space. we have seen sky trying getting -- to geti into offering mobile contracts as well. but that does not come online until 2016. behind the curve when it comes to other companies. it is that dream scenario of the quadruple. we want not only our phone and our mobile but also our broadband all under one person all under one company. they do sound bullish. they say they have standout performance and the u.k. customer satisfaction is up. the lowest churn and 11 years. germany and austria, also record high levels. guy: think you very much, indeed. francine: for more on sky we are joined by the head of european media research. ian, great to have you on the program. it has been able to attract new customers. ian: you look at the customer numbers, they look impressive. they are talking about u.k. in ireland growth. the best in 11 years. you look at record

communications, the number-four player has said unambiguously that they want to own time warner cable and john malone is behind that company. he usually get what is he wants. >> and rupert murdoch made a go at time warner as well. >> yes. time warner the other time warner as opposed to cable. the whole industry is in play. >> senator franken was here at this broadcast earlier this week mellody, he made it very clear, chances are he's very happy this deal has fallen apart. would this have been a bad deal for consumers? >> well, the fcc is signals they thought it would have. i'm less sure about that. there would have been consumers who would have won. for example the fcc probably would have mandated that they bring high speed internet access at a reasonable cost to rural areas. that would have been pluses and minuses in this situation. >> what do you think it mean whats for the cable industry as a whole. >> the cable industry stri is changing so fast anyone who tells you that they know it's going to look like in ten years is lying. because everything is changing fast. the subscriber base is shrinking a

other deals obviously affected by this include charter, brighthouse, look for liberty, look for john malonein on reaction to all of this. that's why some of these names are moving in a big way today. the debt has also been moving. now that the fcc's asked for this review panel in the last 24 hours, that also was an indication that there may be some real hurdles to get this done. >> we'll keep you updated on this story as it continues to unfold throughout the in text couple of hours here. >>> it is not your imagination. today has been the busiest day of the earnings season. >> morgan brennan wrapping up the big earnings movers for us. >> let's kick it off with gm falling 3% on weak earnings the auto giant missing on both top and bottom lines hurt by demand in russia and south america. united continental trading lower despite beating estimates. the company cut its capacity forecast for 2015 noting the strong u.s. dollar has weakened demand abroad. pepsi beating profit estimates thanks to growing demand for its frito lay snacks but revenue fell 3% on the strong dollar. that stock down 1%. stay

john avalos and that is scheduled for thursday, may 7th. any other announcements? commissioner? >> thank you i'd just like to on behalf of roseti and malone to invite to the education revolution event saturday april 25th from 9 to 4 at, at and t park and it's designed for families with students with learning differences so it's joining the education revolution for a day of resources celebration and community and feature workshops and exhibits and student activities again that's saturday april 25th from 9:00 a.m. to 4:00 p.m. at at and t park. >> when is the summer job fair? >> thank you so the summer job fair is on april 21st st and it's going to be at moscone -- no, it's a saturday. then i lied. april 11th. so it will be be april 11th at moscone center south, 747 howard street and it's going to be from ten until 4 and we encourage all of our young people between 17 and 24 to come down for job support interview, resume writing on the job -- there will be some on the spot hiring from some of our employers so come on down. >> thank you very much. any other announcements? >> seeing none, the board will now go into closed session. i'll call a

malone about how they could structure it -- >> is he behind the scenes here? >> johnontent. >> do you think he's privately pushing to kill this deal? >> no john doesn't like the government doing anything. but what he would prefer is -- >> god bless him. >> they kill it themselves and talk to him. >> so he can be the buyer. >> possibility he buys? there was a time when they were going to split up some. >> they were going to trade up. >> that was supposedly the deal they were trying to put together, but comcast felt that they had the right political story and the right political caption. they can get it done. >> so did the net neutrality people. >> yeah, but the rules are outdated. and there's no such making -- now the internet is a common carrier. >> i know. >> we have to go thank you. >>> when we come back a special day for youtube. where would the video be without gangnam style? >>> and 8:30 eastern time we have the numbers and the market reaction. plus the ceo of janice capital will join us also southwest airlines, still a lot left to come. e financial noise financi