more on his exclusive with david malone. >> we had a wide ranging discussion with john malone as we areto do at least once a year. malone, people may remember, as a cable pioneer having built tci into one of the largest cable companies before having sold it to at&t in the late 1990s. he's known as a cable guy, an engineer, but he's spending a lot of time looking at content. people may remember that announcement from discovery and liberty global, two companies in which mr. malone has a significant interest and vote interesting. both taking stakes in lgf, lionsgate. buying it from the chairman of lionsgate, its largest share owner. that comes after starz also bought a stake in lionsgate. started much of our conversation simply asking malone, what is it about content, and is there a time at which you can see lionsgate getting together with stars and perhaps the mgm studio and maybe an amc and even a discovery? >> i would say that the -- the media if you want to call it that segment, if you compare the size and scale of the players, say, on the internet side and then on the communications s

. >>> also we have a rare interview with liberty's john malone, we will find out why dr. malone says he was cursing disney ceo bob iger for those comments that shook the media sector a few months ago. >> plus a new study says the percentage of young women still living with family members is at its highest level at record. >>> this takes us back to 1940 when we were at that level of just over 36% of all those young women, but it's a very different reason this time around. >> and it's a very different world. >> yes, it is. >>> let's start with the markets. bob pisani has been wandering around the floor here looking for stocks. what did you find? >> actually, i do that every day, wandering around on the floor. it's not being been a great day. again, it's the commodity complex, we are sitting an ex am pangs of new lows. exxon is not a in you low, but down 2%. much of the complex in the ent group down 2, 3%, strong dollar and weak demand is the problem. i mentioned expansion of new lows, it's a new low for alcoa, down 2%, not only metals in general, but anything specifically g

liberty media's john malone figured out a way for you to do that. life in the fast lane, banks love the new highway bill. we will tell you why. bloomberg's julie hyman has the latest. julie: we are seeing a selloff today. we've had a number of fed speakers today, most of them emphasizing that december is indeed a possibility and that now could be the time, could be for the fed to raise rates. evanse heard from charles that it should be a gradual increase in rates and the fed should make it clear that that will be the case. all of this weighing on stocks. it does have a lot to do with commodities as well. you will see that the worst performing groups today, energy and materials. they are the biggest drag. the s&p 500 trading lower today. if you look at what is going on in the oil market, we got the weekly inventory support a day late because of veterans day yesterday. it showed a bigger than estimated building inventories last week, it is the seventh straight week that inventories have risen. at the same time, production is rising. to an oversupply o

i think it's a one off for this company. >>> john malone has a bone to pick with bob iger. it has to do with the two most hated words in media, cord cutting. comments you've got to hear after the break. >> cisco shares falling on soft guidance. conference call under way. we'll hear from the ceo on what drove the quarter. >>> while everyone is worried about the sell-off in retail stocks, there is another space could signal the economy is in more trouble than you think. when you do business everywhere, the challenges of keeping everyone working together can quickly become the only thing you think about. that's where at&t can help. at&t has the tools and the network you need, to make working as one easier than ever. virtually anywhere. leaving you free to focus on what matters most. the market.redict... but at t. rowe price, we can help guide your investments through good times and bad. for over 75 years, our clients have relied on us to bring our best thinking to their investments so in a variety of market conditions... you can feel confident... ...in our experience. call a t

not only do you have the tv portion of their business starting to take over, you have the john malonell be hard for this stock to sell off significantly with that presence there. i would not necessarily worry about "hunger games." we could do a prequel. >> brilliant. >> let's shift gears and talk about ford. get it? shares up more than 4% this week. one options trader is betting on more games. >> ford p has underperformed its peer gm. it's down 6% versus gm which is up 4%. cheap valuations. ford has underperformed. there was a trick today that caught my eye in ford looking out to february expiration. there was an opening buyer of 10,000 of the february 15 call paying 51 cents. that's up about 6.5% from current levels. if you come back and look at the one-year chart, this $14 level is a pretty big level. it's $14.55 here. this was the recent resistance at $16. this trader is looking to make a defined risk bet over the next few months that the stock breaks out above those levels. this is why this $14 level is so significant, but if you do have a couple of good monthly auto sales and a g

side here, mark, john malone is facing a maturing market, right?and it's absolutely critical he finds some growth in europe. who knows? he is a hard person -- he certainly never gives up when he wants something. ok. mark, we've got much more ahead. pitch.ameron's eu the u.k. prime minister's demands to the european union. that is after the break. ♪ mark: welcome back to bloomberg markets, live from london and new york. .t is 40 degrees celsius i checked on my mobile. it is accurate. betty: wow. it is a little warmer here, mark. we have a lot going on a business. the bloomberg business flash. lufthansaendants at are turning up the heat with a walkout starting tomorrow and lasting through friday. meanwhile, the contract has gone to court to put in and to the strike. the walkout is over terms for early retirement. walmart will not be per one not be-- asda black friday in this year. other retailers may be backing away from black friday. latestording to the survey of managers for the national federation of small of managers say that they are poised to r

erik: he is a wizard, john malone.earlier today, ecb president theio draghi saying central-bank is ready to boost stimulus as economic prospects worsen. speaking in brussels this morning to the european parliament, he said, "signs of a sustained turnaround in core inflation have somewhat weakened. downside risks are clearly visible." apart from just what happens with stimulus in europe, what does this do to the dollar,? and what does that do to deals? scott: certainly -- what does it do to deals? scott: it makes the dollar stronger. at a time of the fed is raising rates whenever one else is cutting them, you have a dollar that is stronger that hurts u.s. earnings, but i don't think it does much to transactions. companies tend to take a long-term view when you buy things. you would think logically looking at currency rates that europeans would be less likely to buy in the u.s., but i think they love the u.s. economy. it has had a much better track record. you see that europeans, notwithstanding a strong dollar, are spen

you didn't want to answer my question. >> i was going to say john malone. and i recall this year he joined the board of -- lyons gate. you see that. you see the reaction yesterday. a lot of people getting involved in lyons gate yesterday off the earnings release. >> that was like a lead. >> it was a pause and then -- you know what recourse is. >> no. >> it is unfortunate. >> and college football game day. you go to indiana. >> you should watch college game day. they don't do it from harvard, unfortunate unfortunately. >> moving on. from hot to not. solar the buzz kill. the industry down, with sun said isson the biggest loser. down a whopping 15%. after the double-digit decline. we had larry mcdonald on yesterday talking about the debt and how heavily strapped with debt sun edison is. and multiple issuers which is a warning sign. and others mali corp and what do the others have in common. >> they are no longer. >> and these were very hot hedge fund stocks too. so not only that you have a company teetering and this is the story of the market. you get too much

betty: speaking of another media mogul, john malone, someone we've not heard from much of the, was sentetter by the sec over the time warner cable deal? gerry: the fcc has sent letters to various john: holdings. the question they want to know is a largelone stakeholder in charter. if they are able to merge with time warner cable, john malone also owns these tv networks like discovery -- he doesn't own them, but yes stakes in channels like -- he has stakes in channels like discovery and starz. betty: thank you so much could we were turn in a few minutes. betty: lightbank from bloomberg world headquarters in midtown manhattan, you are watching bloomberg television. i am betty liu. isch credit agency downgrading folks like into triple b plus -- downgrading folks i can to triple b plus. it is not junk but it was rated before. the outlook is negative. i want to bring in the julie hyman at the markets desk with the market reaction to this. the stock is down in german trade. julie: yet, but only taking a hit of half a percent. credit rating was downgraded by standard & poor's on april 12. as u

erik: i want to talk about john malone.any, one of your biggest holdings. what do you like about it? the guy you mentioned. since i got in the business, john has created more wealth for my shareholders that anyone. this guy has a very good feel for economic value creation. it is not so much focusing on near-term earnings -- he has proven over time that he is able to take assets, grow them, maximize their value, and then deliver that to shareholders. liberty, in this case, they seem --complex -- liberty media john malone is known for some complex engineering. obviously, the result before themselves, but sometimes it is hard to understand what is going on. liam: a lot of it has to do with him creating the best vehicles to manage what they have and the market valuing them appropriately. the recent moves are a simplification. here are over three businesses. which one looks like it presents opportunity for you? separatethree businesses are presented to the marketplace, he believes he can create more value. non-spinoff a spinoff.

-- sicilians, the latest in john malone's financial engineering. betty: thank you. let's check in with vonnie quinn in first word news. vonnie: we start with kurdish fighters in the battle to retake and islamic state stronghold. kurdish fighters are attacking singe are in northwest iraq. they every taken the mayor's office and part of a road used by militants as a supply line. -- round of talks on syrian civil resume saturday in vienna. russia is demoting a political transition that would last up to 18 months. according to a draft proposal obtained by bloomberg news, russia wants u.n. backing to carry out airstrikes against the islamic state. the u.s. and allies may oppose that. they say russian intervention is really aimed that propping up syria's president bashir al-assad. greek demonstrators broke away from the march in athens and through molotov cocktails for the parliament building. a 24-hour general strike is disrupting service. huge crowds are causing -- are protesting cutbacks. african leaders say the european union is going to far cutting

david: john malone is on both sides of the content institution.ons gate deal with starz, there is talk about amc. he is trying to consolidate, and he also has an interest in discovering. mr. zelnick: in each of those instances there is a program cap and an institution path. the direction the world is moving as for those paths to remain linked, but separate. stephanie: for you, in the world of media, when you think if there is a place i want to be in terms of content, what is it that we think -- yes, we know live sports -- but put on your expertise and background, what is the most valuable place to be? mr. zelnick: the valuable place to be going forward -- i am eating my own cooking -- interactive entertainment is the only growth area and we are the third largest company in the interactive entertainment space. we have been betting on that since 2007 and it has been a pretty good bet. there is no miss growth with the advent of this week -- digital distribution, and with the output on connecting consumers to intellectual property. stephanie: what doe

john malone, radel kirk, eiland musk, scott thompson.be confused with another scott thompson. did you decide if these of five men -- of course you look at women as well, ended up being the five that deserved mention? it was a systematic approach and we tried to find people with three specific criteria. they had to have had more than two jobs. the reason behind that is to tease out new investment opportunities. while they were in their jobs, see you know, cfo or chairman, they had to have at outperform not only the s&p 500 but their peers. when you put those buckets together, these are the three that stood out to us -- five that stood out to us. why malone? stephanie: because is great? erik: i mean why at the top? malone, the commandments, you reserve special mention for him as someone who has created an enormous amount of value for investors. george: he's just a special person. when we tease out what these done, they have all are innovators, either from a technology perspective or even financial perspective. they have incredible drive, a

this really gives john malone critical mass in latin america. know you are talking to the cable and wireless ceo bill bentley. it will be interesting to ask them how they came to the $3.5 billion number. we were reporting just a few weeks ago that cable and wireless was looking for more than $5.5 billion. it is not as if cable and wireless shares have been underperforming. they are up almost 50% year to date, the second-best performer on the top 600 telecoms index. the ceo said that it allows both companies to add scale in a high growth, low penetration region, latin america. the other question is what this talks betweenany liberty global and vodafone. talks broke down in september. beingcts of those talks revived could be dimmed off the back of this deal. anna: thank you. we will be speaking to the cable and wireless ceo in an exclusive interview at 7:15 london time. up next, apec on high alert after the paris attacks. leaders including barack obama touchdown in the philippines. ♪ anna: welcome back, you are watching "countdown." here are the s

jeff: with someone like john malone, you have to look at the history when you look at it from my approachabout which companies belong together. i cannot imagine that john would tell david that you have to do a deal with someone at stars or someone with cable. i've never seen that happen. i think that john has got a history of that and he really does trust people. he puts them in a position to run the company. he sees them running the company. i think the genius of john is figuring out which companies belong together and what capital structures are so companies can thrive. david: he has done business is way for many years. at all.nothing new it is surprising it would come up now. bob: one of the concerns that people have is if this deal will get blocked the same way that comcast got blood. jeff: we had this huge thrust of activity and i think regulators in general are being overwhelmed by it all. get deal will probably delayed or go slower in getting approval than previously deals like this would have. you had the big health insurance companies trying to come together. you have regulators

lou: john malone is right, people love this stuff. >> on-line poker games all that. making so much money, you would think that people would want to gamble in vegas, but no, there there is very big money in this. >> i think to be made this is more of skill, because -- if you gave he this whole thing i would have no idea who to pick, i would be out of it, but if you really know what you are doing, you pick the players -- lou: that seems like a bizarre thing to say. >> thank you. lou: no one has walked up to a slot machine, and put in a quart or dal o dollar. >> that is chance. loubut gambling? >> that is the distinguis distinction they have to make. >> a game of chant or a game of skill, attorney general of new york wants to be to be skill, issue is. whether is is gambling, in this case new york chose no. what is likelihood that we'll see this grow as a opposition. >> absolutely, huge, huge. -- every state will go through this they want the money from this. >> right. >> they want money or they want to derive some sort of revenue from it. lou: president as you know enjo

john malone. two of the preeminent programming distributions in the word.ach take a 3.4% stake in lions gate. this is big. >> as part of an investment that they say in the call that would create some strategic opportunities for and help us continue to ask in our current content business or continue to -- that's a misprint in their current content -- >> they buried that in the call? >> liberty already owned a stake as well. star owned a stake which liberty controls. you get the point. stock's up. >> makes a mockery -- >> everybody talking about continued consolidation. this would certainly at least seem to bring that one step closer. that's why the stock is up. they did it on the conference call. it's the bukus principle. >> why did they say that? they could have put something out in the release. that's more important than jennif jennifer lawrence -- >> more important than mocking j. >> that's what it is called. what did you call it. >> mockingbird. >> we want to go to district 13. didn't youed three wi ed threre kids? >> mockingbird? >> no, mocking j. >> my

that had story, and then tomorrow a big interview david faber sittings down with liberty global's john malonexclusive tomorrow 9:00 a.m. right here on cnbc. ideas are scary. they come into this world ugly and messy. ideas are frightening because they threaten what is known. they are the natural born enemy of the way things are. yes, ideas are scary, and messy and fragile. but under the proper care, they become something beautiful. >> a halftime report. the great debate. will a fed rate hike put an end to the recent rally? we'll talk to the bobtd king. >> new york attorney general calls daily fantasy sports sites illegal gambling. is he right or just using this to sue yet another person as he does nearly every single day of his life. kayla. >> it's an important question. one a lot of states are looking at. we'll tune in in just a few minutes time. michelle ka russo cabrera down. >>> macy's falling after a disappointing earnings report. the second one in a row. courtney reagan in san francisco with more on that story. court. >> the retailer did beat estimates by 2 cents, but disappointing reven

and john malone moving some assets into latin america.nterestingly, warren buffett added 500,000 shares in his from thisrelease morning. switching over to retail, urban outfitters has decided that selling food might be a good partner to selling clothes, but investors who were in it for the long game are not agreeing. shares are down by 8.8%. the retail chain is buying a family chain of restaurants to add to its portfolio. major news in a hotel industry, as you were talking about, david, marriott international buying starwood hotels for $22 billion. marriott is up by .2%. starwood is down by 4.6%. you would expect starwood should be higher, because that is usually the case with a company isting bought up, but paris waiting on the industry in general. at any rate, the new hotel company will be the biggest in the world with 5500 hotels, i think about 1.1 million rooms. david: thank you. as you mentioned, the hotel world is buzzing on that news. let's go out to the investors conference with stephanie ruhle. she has barry sternlicht, ceo of st

gosh, john malone is highly inquisitive. snapping up cable companies, buying cable and wireless, which gets half its revenue from panama and the caribbean. gives him critical mass in latin america. so, the big gainer today. french stocks are rallying, up high 2%. the biggest gain in four weeks. they opened lower yesterday. down by 1.2% after the friday attacks. they finish the day little change. interestingly the shares that slumpe yesterdayd such as europe's biggest hotel operator up. lvma shares have read coat -- recouped all their losses. the bloomberg dollar stock index. investors are choosing to ignore a century the vevents in paris and choosing to focus on consumer prices in the united states. we have minutes from the october fed meeting. expectations are high that the fed will raise weights in december. that is boosting the spot index to its record highs level since it started trading in 2005. interestingly, hedge funds are bullish on the u.s. dollar. along with large speculators. they boosted bets of dollar gains ver

liberty global lead by john malone is buying the company to bolster it's market share in the caribbean also in latin america. >> now they expect to post higher margins next year as sales have grown strongly since the company reporting earnings. sales rose 7.7% in october and november compared with a 5.4% growth in the third quarter. take a look at the shares up 6.9%. one of the best performers in the stoxx 600. >> european car sales declining in october. vw's mass market brand was worst hit with an 11% drop off when it comes to monthly sales at the other end of the spectrum though po po porsche was a bright spot. >> they increased to 1.1 million vehicles in october marking the 26th month of consecutive growth but this was a decline from the near 10% rise in the previous month. joining us is nancy. what we're seeing is a car sales market. >> you mention there that porsche sales up about 13% and aldi up about 3%. it was negative sales fwroeth under the brand and no surprise when you look at the trade area. october was the first full month of sales since the diesel defeat device scandal b

like it i've heard of it before even before today and what's nice it is only the first store for john malonen california that cac can bring patrons to union street like to product and a lot easily to come to a store more of an experience as opposed to buy it at a large department store it is possible but have a positive effect on some of the other stores in union street and so i'm supportive and most of the to approve. >> second. >> commissioner richards. >> first of all, the compliments to the staff the project sponsor the map you provided was fantastic and to see what is around there 18 formula retail in the district only 22 percent within three hundred and feet and it is complimentary and really a good shopping experience i very much support this project. >> there is a motion and a second to approve that with conditions a commissioner antonini. >> commissioner hillis commissioner johnson commissioner moore commissioner richards commissioner wu and sxhorng so moved, commissioners, that motion passes unanimously 7 to zero. >> commissioners, that places you under your 13 ab for the case at s

liberty media's john malone figured out a way for you to do that.he new highway bill. we will tell you why. bloomberg's julie hyman has the latest. julie: we are seeing a selloff today. we've had a number of fed speakers today, most of them emphasizing that december is indeed a possibility and that now could be the time, could be for the fed to raise rates. evanse heard from charles that it should be a gradual increase in rates and the fed ld

john malone. is extending his empire liberty global agreed to buy cable and wireless communications for $5.3 billion. last year, cable and wireless received more than half its revenue from panama and the caribbean. the cable cowboy at it again, following an acquisition in london and the netherlands. he is the largest now by subscribers. francine: we really have to talk about m&a. a guest last week was saying she was worried that all the money leads to megamergers. this is our morning must listen. we spoke to the ceo of cable and wireless, phil bentley. he spoke on the advantages of the plan to merge with liberty global. >> we are joining forces with liberty global, the largest international cable player in the world. they bring in a lot of content, scale. i think it will be good for our people. they can develop more in the region. i think it will be good for our customers and our u.k. channels. we've seen the market cap go on the.1 billion to $3.6 back of this deal. tom: a ceo -- tom: a ceo -- fra

john malone is looking abroad. does viacom need to look abroad?ht a television network in the u.k. last year. like a lot of big u.s. media companies, they think a lot of the growth will come outside of north america. tom: how is apple tv doing? paul: there is nothing there at the moment. there really is not an apple tv service to compete with. if in fact they do decide to get into the business, that will be a game changer. tom: paul sweeney, thank you for the briefing. delicate comments on mr. redstone. with straight talk on the state of business in new york. his revlon. from new york city, in london, it is bloomberg "surveillance" ♪ here are some of the great stories you can check out right now to on bloomberg.com. productionndustrial fell more than forecast in may raise whic mh concerns for policymakers about the economic outlook. the credit score homeowners need to qualify for assistance. the largest solar rooftop provider may lower the eco score requirement to below 650. and the world's largest banks have agreed to rewrite joins of dollars of

. -- and john: you mentioned malone.oes this deal with cable and wireless preclude him from going back from going back and doing a deal? mario: they have wonderful assets in columbia. is a different situation. they will do clustering and consolidation in central and latin america in cable. what he picked up with lilac was orderly go and chile. -- was puerto rico and chile. betty: you think they should go back? mario: of course. in terms of trade, if i were malone, i would not want their currency. that notwithstanding, they will figure it out. betty: what assets do you think he is looking for in europe? mario: malone looks everywhere. he only has $13 billion for himself. he is being careful. on the other side, discovery, which he has a fingerprint on, bought euro sports. i like that. there is a lot he could look on. his goal is content and distribution. betty: you want someone to buy ?ompulsory -- to buy compari whatever works. their products are globally consumed. there are a lot of companies in the united states that ar

tomorrow, we have john malone from the company's investor day. >> right to mcdonald's, steve easterbrookg out on this show earlier about the decision to increase the dividend and share a buyback plan. >> we've been buying back any way. we've been buying back through the '90s. that's been smart. the reality is the business was not in the shape it is today a year ago. it may not have been the right decision to make. it would not have been viewed for the right reasons. now we're confident in the underlying momentum of the business. weir confident in our plan force 2016. that means that the timing with interest rates where they are, the strength in the balance sheet, and our outlook on trading, just a smart business decision. >> big deal when you have a company of this size increasing the three-year cash target ending '16. didn't seem fazed by s&p's decision, called it a nice resting point for the company's balance sheet. tried to pin him down on how comps are coming in for q4, all he'll say is they're positive. definitely trying to underpromise and over deliver. which he's taken six monthse

. >> basically john malone's liberty global is agreeing to buy the caribbean cable operator cable andeless communications. the price tag on this will be $5.3 billion and basically what it does is it strengthens the acquisitive company's foothold, that being liberty global, in an emerging market where they do not have much of a foothold there, and it brings in their more consolidation. liberty global does trade here and it's down 1.75%. cable and wireless does not trade here. $3.5 billion, liberty global will buy cable and wireless communications. more "power" coming up in just a few minutes. you totaled your brand new car. nobody's hurt, but there will still be pain. it comes when your insurance company says they'll only pay three-quarters of what it takes to replace it. what are you supposed to do, drive three-quarters of a car? now if you had liberty mutual new car replacement, you'd get your whole car back. i guess they don't want you driving around on three wheels. smart. new car replacement is just one of the features that come standard with a base liberty mutual policy. learn mo

some people swear by it and have made fortunes doing it, like john malone.s the last vestige of a scoundrel who is buying his stock back at high prices when he has the better to do with his money. david: if he has nothing better to do with his money, he has an obligation to give it to a shareholders. roger: there are a lot of examples of tech companies that generate astonishing amounts of cash and have strong investment in research programs and return the difference to their shareholders. if you look of the total volume of buybacks over the past two years and ask yourself in the long run, is this great for all the companies involved and for the country, i think it is questionable. stephanie: a tremendous amount of money is being spent on buybacks and volume is huge. one could say the same about m&a right now. m&a is on fire across industries. do you see this slowing down? roger: i don't because conditions have historically made -- historically made for tremendous and as of m&a is high interest rates, relatively high share prices and a reasonable economic and

his exclusive with john malone is coming up. stocks are on track for the

like it i've heard of it before even before today and what's nice it is only the first store for john malonen california that cac can bring patrons to union street like to product and a lot easily to come to a store more of an experience as opposed to buy it at a large department store it is possible but have a positive effect on some of the other stores in union street and so i'm supportive and most of the to approve. >> second. >> commissioner richards. >> first of all, the compliments to the staff the project sponsor the map you provided was fantastic and to see what is around there 18 formula retail in the district only 22 percent within three hundred and feet and it is complimentary and really a good shopping experience i very much support this project. >> there is a motion and a second to approve that with conditions a commissioner antonini. >> commissioner hillis commissioner johnson commissioner moore commissioner richards commissioner wu and sxhorng so moved, commissioners, that motion passes unanimously 7 to zero. >> commissioners, that places you under your 13 ab for the case at s

like it i've heard of it before even before today and what's nice it is only the first store for john malonen california that cac can bring patrons to union street like to product and a lot easily to come to a store more of an experience as opposed to buy it at a large department store it is possible but have a positive effect on some of the other stores in union street and so i'm supportive and most of the to approve. >> second. >> commissioner richards. >> first of all, the compliments to the staff the project sponsor the map you provided was fantastic and to see what is around there 18 formula retail in the district only 22 percent within three hundred and feet and it is complimentary and really a good shopping experience i very much support this project. >> there is a motion and a second to approve that with conditions a commissioner antonini. >> commissioner hillis commissioner johnson commissioner moore commissioner richards commissioner wu and sxhorng so moved, commissioners, that motion passes unanimously 7 to zero. >> commissioners, that places you under your 13 ab for the case at s