i should have known how good it was when john malone bought 34 million shares back in 2010. because he's got a nose for this stuff. >> he does although he's not infallible sorry. i'm just saying. >> just -- >> look. nobody loves -- >> i keep -- >> i'm sorry i'm just saying. >> i got to go back here 50%. 53%. free cash flow up 42%. 7,000 shows. 68 million tickets so far. 12 million more than last year i got to tell you. listen to this our growth continues to be strongly driven by our strategic relationships over 50 sponsors each spend more than $1 million? why? why? why? because they can get the highly sought-after millennial customer the millennials. i hate them.

any deal for charter would have to get john malone's blessing.controls three board members on charter's board. he would have to be game for this idea for selling charter at all. we know they were hesitant on doing a deal with softbank. whether or not they would turn --und and sell to altice look, malone has hitched his wagon to rutledge. whether or not he is ok with us which remains to be seen. also, what price would altice put out there to buy charter? you would have to think $450 a share or more. certainly, we do not know if altice can get the money to do this deal.it would require huge financing . charter already has $60 billion of debt on it. that is a problem with softbank being interested in it as well. a lot an outstanding questions that raise the level of skepticism about whether this will happen. vonnie: it is another option, i suppose. we are talking about all options.global consolidations seem to be more everything. would it be a better option for charter than other options? alex: well, charter will make the case, i believe, that the b

john malone is involved in the transaction.e is a significant shareholder of charter, and the question is, does he want to get in bed with masayoshi son and all the issues associated with that highly levered company in japan. emily: does softbank have the capital to pull it off? with all the debt they already have? >> masayoshi son has been very creative in terms of coming up with capital to do things. just a few weeks ago, he close this vision fund with initial capital commitments of $93 billion. he says he wants to take that to in japan, the banks have lots $100 billion. of cash. they are offering negative interest rate to lots of borrowers and they are able to lead. softbank has been a solid bet in the past. it is possible he would be able to call this together. another important point is that they own a stake in alibaba that is right now worth over $100 billion, so if there is a way to extract that capital, they could use that cash and go after charter and put together a deal. it would be enormous and have a lot of risk bui

we john malone and he was going to carry cnbc.around here, john malone is going to call and about 3:00, i fell asleep. in that morning, the ceo of nbc sees me sleeping and he says to me, what are you doing here? i said, -- you said i should wait for john malone to call so i did he got jack welch. this guy stayed all night. can you believe this guy >> years later, bob says to me, that's your nbc guy. you have moments where your life has these moments. what do you mean by this there are moments in your life and we come back and say quantifiably these are the moments did i go through it or did i give them a plan and take advantage of that. >> lets talk about the time you really screwed up and want to learn from it. the idea of categorized and failure and success really does not work if you blew the whistle at a moment in time would be a fail i am a believer and i am a o optimist i have a lot of ideas and many of them don't work like oprah, we launched with all the great spirit. >> right >> people looked at it and mostly they said, it

david: people don't do well going up against john malone.t news later this week or next week. who knows? the ceo of rio tinto will be joining us on this program. we will bring that to you around 8:20 a.m. new york time. from new york, this is liberty. bloomberg tv. ♪ . we check our phones 85 times a day. so it only made sense to create a network that keeps up. introducing xfinity mobile. it combines america's largest, most reliable 4g lte with the most wifi hotspots nationwide. saving you money wherever you check your phone. yeah, even there. see how much you can save when you choose by the gig or unlimited. call, or go to xfinitymobile.com. xfinity mobile. it's a new kind of network designed to save you money. ♪ jonathan: from new york, this is bloomberg daybreak's. let's get you a score ahead of the data in the united states. real nice town, -- tone. frankfurt,ndon and the story in the bond market, yields up. the dollar slightly stronger against the euro and sterling. income comes in that hero percent. -- comes in at 0%. personal spending

taking on vast amounts of debt to fuel their ambitions but it's not clear if charter management or john maloneest in a deal where they give up to a new company reliant on chart tore pay down the debt. alabama gattis has shown a unique ability to cut costs and vote that suddenly and cablevision. still liberty is war ri in the brief that it's too early to tell whether they are sustainable and while he does like to craft deals tax free in nature liberty's enormous gain on its charter stake that could approach $20 million in deal might lead a new cash come poen in the consideration charter with 60 billion in debt and a purchase price that could reach or exceed 500 dollars a share would represent an enterprise value of 200 billion. while altice operates at higher levels of leverage than charter and would add to the cash flow they're still not nearly enough to fund a unit whether either can bring in significant equity investments from outside parties that would allow them to increase any cash component. as for charter, reforwardlegard a desired property in the last year verizon, soft bank and now al

it is unclear whether john malone was interested in a deal. can see them taking a little bit of a leg further down on these headline profits. david: breaking news this afternoon. julie hyman, thank you very much joining us on the latest news about dish. bloomberg has learned that wall street regulators will rewrite the volcker rule. they will begin working together on a revision. here to talk about what is planned and what the rewrite to look like is jesse hamilton . he joins me now from washington, d.c.. you mentioned to get behind the closed doors and they met in closed session friday last week. what did you learn about what they're planning in regard to the volcker rule? jesse: they are about to start rewriting what has been one of the major ones in the side of wall street banks ever since the enactment of the dodd-frank at the 2000 -- act in 2010. it bans banks basically from investing their own money and also investing in hedge funds and private equities. the five agencies that you mentioned will be sitting down and will be rewriting the

i should have been more aware of it given that john malone, the incredibly investor bought back in 2010ey continued buying, as the stock stayed low they own 34% of the company. it's always made sense to follow what malone and his group, the ceo of liberty media, and chairman of live nation do now, the companies plan to build the network of festivals, generating staggering numbers worldwide. with operating revenues of 29% operating income up 53%. and free cash flow, spin-off cash, up 32% they created a platform of 7,000 festivals and shows. ticketmaster sold more than 68 million tickets this year so far. 12 million more than last year the holtest venue for the millennials. our growth continues to be strongly driven by our strategic relationships with over 50 sponsors that each spend more than 1 million with us each year across our onsite and online platforms, to reach that highly sought-after millennial customer, end quote. sponsorship revenue up 32% the ease with which tickets are bought on live nation's platform, information on 550 million fans lots of ceos claim they have a fly wheel

you've got john malone they are all deal makers, right?ther side, you've got these ceos that may be coming near the end of their tenures. who are looking for a signature deal and there, you've bob iger les and lowell mcadam, the ceo of verizon i feel like a seismologist looking at all these, i can see the tremors and listen, this is the last opoint i'm going to make over the past four years, there's been $300 million a year of media and telecom m&a deals so far this year, we've only had 100 million. discovery, scrips, kkr, small potatoes basically, it's the sprint guys saying it's going to happen. that message is not to the shareholders that you better get in there but does it matter though that we don't know what the tax situation will be? how much does that play into anyone looking to do a deal? do we have to wait to see about interest >> right, these guys are all complicated, too, like malone. most complicated and so that's why. i would do something right out of like the cabeli playbook. buy them all buy all the targets because you don'

doesn't want to do it. >> john malone only does things that are tax efficient there's not a tax efficiento make this play. >> well sprint has bad balance sheet, a lot of losses you know, charter has debt on its books. there's some kind of tax loss carry forwards you could engine engineer who knows. if it's pitched that way to him, he may change his mind right now, it's too complicated. >> what do you think is on the shopping list for masa son >> he was attempting to buy uber, but stepped off of that because of the turmoil who is in charge who will be in charge that's a good question >> we talked about it yesterday, there's a question in the valley, very mixed some people think this is spectacular, because he will basically buy everything and let a lot of these venture venture capitalists exit that's the good side the other side is he'll inflate the heck out of the techworld and it will end badly. >> i think the latter thesis is overblown. a lot of what he's investing in now, a lot of them are startups around the world all the competitors to uber in southeast asia and asia, these are home

i should have known how good it was when john malone bought 34 million shares back in 2010.s stuff. >> he does although he's not infallible sorry. i'm just saying. >> just -- >> look. nobody loves -- >> i keep -- >> i'm sorry i'm just saying. >> i got to go back here 50%. 53%. free cash flow up 42%. 7,000 shows. 68 million tickets so far. 12 million more than last year i got to tell you. listen to this our growth continues to be strongly driven by our strategic relationships over 50 sponsors each spend more than $1 million? why? why? why? because they can get the highly sought-after millennial customer the millennials. i hate them. >> stocks up 40% this year. >> people agree. they're all sick of millennials. except for my kids >> depends on who you ask. >> thank you >> let's get to the opening bell on the big board, it's the nasdaq going to want to watch blue apron at the open. they're guiding second half revenues in just under $400 million. stock opened back in june. and awfully close. >> well, they do have a couple bucks in cash. one of the things i'm watching is oil if it

david: a man named john malone owns 20% of charter.ced about this enterprise. i would be surprised if he just says i want the cash. >> exactly, it's fascinating. it seems like every week, there's a new billionaire throwing his hat into the ring. none of them seem to of made a former offer yet. how much of it comes to the table and gets into the negotiations it remains to be seen. charter is the biggest in the u.s. ends up focused market for all of these guys. alix: how do you play the shift in the media and the telecom landscape as well? it's confusing at least. the whole disney thing is very interesting. rather be with some of the biggest apple's players here that have a position. flows and dividends and then you see how the rest of this plays out. i also like companies with some brand power so we like disney. we like verizon. this telecom space will start to consolidate. the issue has been pricing power. you get a little more of that if you get some consolidation. in the meantime, you're getting paid to wait with a dividend on horizo