to be john warner. i just want to point out this is john warner the person not john warner the submarine. but john warner the submarine will be commissioned in august of this year and will spend the next 40 years patrolling the waters of this earth protecting the country that senator warner, secretary warner has served to well and so long. [ applause ] [ applause ] what the navy and marine corps uniquely give this country is presence. being in the right place, not just at the right time but all the time. we get places quicker, we can stay as long as we need to. we take whatever we need with us. and we don't have to ask anyone's permission to get the job done. and part of that presence has ensured the global economic system for the past 70 years. keeping the sea lanes open for everybody involved in peaceful trade has been the reason that the world's economy is working as well as it does. because 90% of all trade goes by sea. and 95% of all voice communications and all data go under the sea. so the 21st c

i've got two wonderful guests with me today, mayor john warner and council member gary gallagher. a "breck buzz" without a little bit of discussion about marijuana. we have had now a little bit of experience to see what's occurred. what are some of the things that we've seen? >> well, one thing we've seen the first week or so, long lines at at least the cannabis club on main street in breckenridge. not familiar with the three outfits on airport road. a lot of anticipation about things that might happen, that it might be the work of the devil, et cetera. it really has worked out in a fairly benign way. >> it seems like a non-event to some extent. >> and a fairly decent revenue generator, yes. >> yes. >> we chose this location in 2009. here we are in 2014 living the dream we had. that was to pay high rent, be downtown, supply medical marijuana from this location until the day that we could supply retail recreational marijuana for the tourists that we watched walk by our door for the last four years, and now they all come in. hundreds of them a day, and breckenridge, we really had ze

john warner will be going on sea trialsater this week, so we are very excxcited about that.segue into the block five, which will have the virginia payloload module, ich is similar to the virginia payload tubes, similar diameter but it is a module of four insteadd of ju thewo in the valve on the block threes. vago: and you guys want that -- it will revolutionize how you use e boats. you hahave a lot of internal storage for manned underwater vehicles for special operations payload, but one of t the chlenges has beenow to get that payload in and ouout of the whole of the summary and smoothly, given ththat it is a ve delicate evolution --ut ofhe hall of -- hull of the submarine smooly, given that it is a very d delicate evolution. >> the you is a referce to the fact thathey can help with different payloads. the e large diameteter unmanned undersea vehicle would be onef those. the foow-on to the current seal delivery vehicle, whichch is a shallow water combat summer civil, somay we hope t that will also be on the as well - combat submersible, somedaday we hope that will be on the

. >> reporter: former virginia senator john warner and war hero bob dole were in the front row. >> great to be here to celebrate the end of the war in europe and to see all these people out here, young people. >> reporter: and when one plane pulled out for the missing man formation, it was a chance for the nation to remember all the good people lost to war. [ bugle playing taps ] >> reporter: a lot of the guys here told me they were really relieved on ve day, but in the pacific they had another four months of bloody fighting and two atom bombs before japan finally surrendered and the war was finally over. reporting live at the world war ii memorial bruce leshan, wusa9. >> thank you. it's certainly hard for us today to comprehend the scale of the sacrifice during world war ii. more than 407,000 service members died, another 671,000 were wounded. now there was some trouble with one of the planes today. the curtis hell diver had mechanical problems and made an emergency landing at reagan national airport. the plane broke formation just as it reached the lincoln memorial while the other two

is john warner the person, not john warner the submarine.ughter] but john warner the submarine will be commissioned in august of this year and will spend the next 40 years patrolling the waters of this earth, protecting the country that senator warner, secretary warner has served so well and so long. [applause] what the navy and marine corps uniquely give this country is presence, being in the right place, not just at the right time but all the time. we get places quicker. we can stay as long as we need to. we take whatever we need with us. and we don't have to ask anyone's permission to get the job done. and part of that presence has ensured the global economic system for the past 70 years. keeping the sea lanes open for everybody involved in peaceful trade has been the reason that the world's economy is working as well as it does, because 90% of all trade goes by sea, and 95% of all voice communications and all data go under the sea. so the 21st century very definitely is a maritime century. a chief of navy from asia told me one time that

so all of these men in my life my grandfather, my husband, my father even senator john warner him all of them came together to try to help me achieve something. and so i never understood the republican war on women. i have a theory where they are coming from but i never experienced that. so the hardest briefing was the one about tony. i reveal in the book even he didn't know this. in july he went to japan and it was a disaster. and we were fogged in for three days nobody could see anything. and my theory is anytime a president goes on a foreign trip there's something that happens to its your attention. i'm not a good traveler to asia have had a hard time recovering. and so i said if i get one night of sleep i can get through it. the phone rings at six pop in the morning and i pick up my blackberry and its ed henry and i'm like oh, goodness. please, what does he want. and i answered the phone and i hear his voice and he said in i'm sorry to call you this early but i made a comment. and every bit of my antenna went off and i said i'm going to call you right back because i had a feeling

after all these been in my life for my grandfather to the president, tony snow my husband even john warner at the end of the book will come together to try to help me achieve something. i never understood the republican war on women. i guess i can integrate know where they're coming from but i never extreme step of the hardest briefing was the one about tony snow. one story i revealed in the book, henry who had been with cnn and is what fox news didn't even noticed it in july 2008 we went to the g8 in japan. it was a disaster. remember that? we were fogged in for three days. nobody could see anything. my threes anytime a president goes on a foreign trip, something happens back on that consumes all of your attention. that was the case. i get back. i'm not a good traveler to asia. i have a hard time recovering so i told my husband i need one night of sleep and i can get up and do it all over again. the phone rings at 6 a.m. and i pick up a blackberry and its ed henry. brief. want to see what? i answer the phone and he's a sentimental guy i'd hear his voice, dana i'm so sorry but i need to co

but all these men in my life from a grandfather of president tony snow my husband even senator john warnerhe end of the book who come together to help me change something and that's why never understood the republican law on women. i guess i don't -- where they are coming from. the hardest briefing was one about tony snow. one story i reveal in the book at henry who was on "cnn" and now at "fox news" even he didn't know this. in july 2000 he went to the g8 in japan. it was a disaster. it was the worst g8 and we were fogged in for three days. nobody gets anything in my theory is anytime a person goes on a foreign trip something happens back home that consumes all of your attention. i get back and i'm not a good traveler to asia. i have a hard time recovering so i told my husband i need one night of sleep and i can get up and do it all over again. the phone rings at 6:00 in the morning and i pick up my blackberry and it's at henry. i went oh a brief. answer the phone and at as a sentimental sentimental guy and i heard his voice. he said i'm so sorry to call you this early but i need a commen

but all these men in my life from a grandfather of president tony snow my husband even senator john warner at the end of the book who come together to help me change something and that's why never understood the republican law on women. i guess i don't -- where they are coming from. the hardest briefing was one about tony snow. one story i reveal in the book at henry who was on "cnn" and now at "fox news" even he didn't know this. in july 2000 he went to the g8 in japan. it was a disaster. it was the worst g8 and we were fogged in for three days. nobody gets anything in my theory is anytime a person goes on a foreign trip something happens back home that consumes all of your attention. i get back and i'm not a good traveler to asia. i have a hard time recovering so i told my husband i need one night of sleep and i can get up and do it all over again. the phone rings at 6:00 in the morning and i pick up my blackberry and it's at henry. i went oh a brief. answer the phone and at as a sentimental sentimental guy and i heard his voice. he said i'm so sorry to call you this early but i need a c

time warner rejected a takeover bid last year, and accepted a deal from comcast, but as you know, that deal fell apart in april. charter's ceo says he does not mind paying a higher price. john malone: time warner is more valuable. the have kept their eye on ball. we're comfortable with where we are today and the price today. it's a different circumstance than it was then. their behavior and our behavior is different and i'm pleased where it all came out. comcast's deal with time warner cable fell apart across regulatory issues. charter is not expected to have such problems. time warner ceo robert markets ifld get up to $85 million, he is terminated within two years of charter taking over. a setback for the obama administration. president obama administration. president obama's bid to make overall in immigration policy a second term victory was dealt a serious blow. federal justices said the effort must remain on hold while 26 states deliberate to overturn with it. 30 people are missing in texas after floodwaters kept rising across the state. houston authorities recovered three more bodies from floodwaters, bringing the total number killed to 11 across oklahoma and texas thi

warner's closing. charters biggest shareholder is john malone. uy time warner cable last year was turned down. time warner cable then turned to comcast, but comcast backed out of that deal last month under pressure from regulators. a european union leaders saying today that greek debt talks need to speaked up. the economic monetary chief warned there is no plan. european leaders and lenders will not release funds unless greece promises reforms on pensions, taxes, and labor rules. 12 people are missing after a flooded texas river swept away their vacation home. officials say do not expect to find survivors. four deaths are already blamed on severe weather throughout the state during the long weekend. six international flights bound for the u.s. are under investigation. in one case, u.s. military jets escorted an air france flight into a new york airport. the fbi said someone obtains chemical weapons on board. one of the threats are set to be credible. one of the biggest american homes ever can be yours for half $1 million. that is half $1 billion,

. >>> charter communications have reached out to time warner cable management to a friendly merger. john malone spoke with time warner cable's ceo recently. charter and time warner cable, take a look at how they are trading in frankfurt. >>> adedas seems to have its sneakers on. speaking to a german newspaper, herbert haner added it would not sell its rebok brand. >> reporter: if you look at what analysts are expecting, it's quite a stellar first quarter. the mean analyst expectation for a net profit in the first quarter are actually up 14% to 232 million euros and also sales are expected to rise by roughly 11%. so what has happened last year the company had a series of profit warnings. there were calls for the ceo to resign but now they have stepped out in that interview saying that he actually sort of was responded to the criticism like an athlete who is not fit, going back to the boot camp and now coming back with a company who is actually fit for purpose. he's also reiterating that they don't have any plans to sell the rebok brand as it is now actually performing very well. they have

a 14% premium and time warner cable is closing on friday. the shareholder, billionaire john malone. the offer was rejected. time warner cable accepted a bid from comcast. greece -- time and money and assess to bailout funds. another way to raise money, greek citizens can make undeclared deposits and foreign banks illegal by paying 15% tax. stanley fischer says when it comes to interest rates, the fed is playing a waiting game. if the fed raised its rates to quickly come it would be hard to cut them if the economy does not pick up. >> our processes are not data determined. they are data determined. erik: the fed will be going from an ultra-expansionary monetary policy. stephanie: i love that he is feeling it with his clever wit. the u.s. government is determining whether general motors will face criminal charges. prosecutors are trying to figure out if anyone at general motors did break the law. the ignition defect is blamed for more than 100 deaths. agreeing to change the way it operates. and it is one of the biggest homes ever built in the united states. get your head around this. i

john malone buying time warner cable.as this approach by altice to time warner cable tells you a little bit about their usta ambitions. they are thinking big. guy: why would we do that? do you just want to have a chance? do you want to muddy the water? do you want the information? do you want to look at the books? what is the game? >> that is a good question. perhaps all of the above. i think these stories have a certain value. patrick -- the guy who started altice is really an entrepreneur and really a tycoon in the most classic sense. he has been very prominent and come from relative obscurity in europe to have an important telecommunications group. he wants to be one of the big goy boys. guy: i think he is getting there. >> certainly. guy: somebody else who maybe fits that bill as well is john malone. >> he keeps bananas in jars. totally bizarre. more importantly look when someone does an interview like this and says i think a merger between my company and another company would be a fabulous idea he tends to be signali

john malone is finally getting time warner cable. the price tag come if $55 billion in cash and stock. alone is charter's biggest shareholder. last year, they rejected the takeover bid and later accepted an offer from comcast. the bid fell apart in april and that open the door for charter to try again. tom rutledge says he does not mind paying the higher price. >> time warner is more valuable today because they have been successful during this process. rob and his team have continued to keep their eye on the baltimore. we have grown our business. we are comfortable with where we are. keep their eye on the ball. comcast's deal fell apart over regulatory issues. charter not expect to have the same sort of trouble. sales of more than expected -- new home sales of more than expected home prices in 20 big cities grew faster than expected in the last year. the housing index jumped 5%. that reflects a limited number of properties on the market. in texas, 11 inches of rain have turned the city of houston into a giant lake. three people were

john malone is back with time warner cable. why is he still be on men out -- maodd man out? good afternoon. i'm mark crumpton, here with scarlet fu. stocks recovering from yesterday's selloff. indexes opened higher and have been building momentum throughout the session. nine out of 10 industry groups are gaining. take a look at treasuries, getting back some of yesterday's gains. lower price means higher yield. -- 10 year recovering from a one-week low. a check of the dollar shows it is extending its gains, just barely. higher for the first time in nine days. this is a stronger trend of late. mark: let's look at the top stories where following at this hour. the bailout talks with greece are said to be going nowhere. miss thell probably deadline for a deal with creditors. for international officials told bloomberg that greece is not close to reaching an agreement with the international monetary fund and the european commission. last hour, we spoke to the former u.s. treasury secretary, larry summers. sides andirit on both looking into the real of this -- abyss for greece and e

john malone is back with time warner cable. why is he still be on men out -- maodd man out?oon. i'm mark crumpton, here with scarlet fu. stocks recovering from yesterday's selloff. indexes opened higher and have been building momentum throughout the session. nine out of 10 industry groups are gaining. take a look at treasuries, getting back some of yesterday's gains. lower price mehi

john harwood in washington. >>> charter communications and time warner cable both moving on more deal speculations and that's why we begin tonight's likely to be well above $170 a share, according to the wall street journal. last year charter originally offered about $132 a share, but comcast beat that offer before abandoning its bid. charter was off almost 2% to $175.29. time warner cable was 3.5% higher to close at $171.18. shares of quest diagnostics spiked. some reports say the stock moved on talks of a buyout. shares topped almost 8% to 79.60. a proposed $19 million settlement between mastercard and target over the retailer's 2013 data breach fell through today. this is not enough banks accepted that deal that would have paid the banks to cover fraud-related losses. both stocks were off just a fraction. target closed at 79.29, masterca ended 92.69. and ink reported a moderate rise in sales as strong performance at its loft stores made up for sluggish returns from its namesake chain. still struggling with weak traffic and competition. shares were off slightly to 46.97. >> campbell's soup reported earnings th

warner next. a great twist, liberty global john malone said a deal with vodafone would offer substantial synergies surges.

john malone who has actually meant toward patrick drahi. you have a breakup fee of $2 billion. that is recognizing the antitrust concerns. time warnerdy been bid for this year. they were meant to have merged with comcast, but that deal was shut down because of regulatory concerns. how now does john malone and charter try to woo the regulators into thinking this is a good deal for the consumer. it seems from analysts altice plus time warner would be a better fit for regulatory concerns. as far as financial power, you have to hand it to john malone. francine: thank you very much. a former trader is in court this morning he is the first person to face libor reading. ryan is in london. brian, tell us about this trial. ryan: tom hayes arrived with his wife about an hour ago. his trial, the first really in the libor trials is set to begin in 15 minutes. that is when they will have jury selection. it has been a long time coming. three years ago he was arrested three years ago the fraud squad in the uk's looking into the alleged rigging of libor. he is facing a counts of the indictment, all of them alleging he conspired with colleagues in t

warner cable as well. none other than george malone -- john malone is behind charter communication's. billionaire versus billionaire. the competition there is in charter communications. this is the second bed. they offered to buy time warner last year in 2014. it allowed comcast to come in and try to emerge. we also know it is not the only one in that area is not the only one that charter to patient is to -- negotiating with. they're looking at subsiding with bright house, you could get a number two cable. an awful lot to digest here. the kick issue is is 14% premium enough to send off this opposition. people are recognizing that john malone and his involvement would help the deal go through. it would actually help fund the deal to about $5 billion. there's a little bit more money that could be put up. it is difficult for all of them to be that. lt's is laden with debt. --altice is laden with debt. they're offering a breakup fee of $2 billion. they are also trying to fend off concerns of antitrust. we've seen analysts to coming out this morning saying actually from a regulatory perspec

john d. rockefeller. >>> this little boy's story will warm your heart. warner of miles scott, a child diagnosed with cancer. his dream of becoming a superhero came true with a little help from an entire ziti and the make-a-wish foundation which managed to turn san francisco into gotham city and miles into bat kid. we are happy to report that miles's cancer is currently in remission. >>> vice president biden will head for a graduation. they will toss the hats into the air. more than 1,000 will transition to officers. here they go. boom. >>> also want to say happy birthday to olympic gold medal speed skater apollo ohno who turns 33, super model naomi campbell is 45 and british singer morrissey of the smiths turns 56. >>> new at the bhaay residents waking up to shaken nerves but hopefully not more. >>> plus he reportedly confessed to taking a child live just to know what it feels like to kill. and now a discovery bay man goes to court. >>> what went wrong. details will emerge about a shocking fedex crash that claimed the lives of half a dozen college hopefuls. >>>

. >>> the battle for time warner cable continues. u.s. media mogul john malone charter communications is reporting francis altice for a nearly $50 billion takeover from twc. >>> and iraq forces gain ground from isis. this is iraq's deputy p.m. tells cnbc never should have reached this point. >> isis should not be able to take it over. this is the new strategy. and the international coalition should follow in the region. >>> welcome to the show. so the u.s. is closed for memorial day. we also have a bank holiday here in the u.k. and also in germany. we're looking at a relatively thin set of markets of european trade. that level of liquidity has also accentuated the moves we're seeing. italy and spain just shy of 0.2%. some political developments really over the weekend. issues continue in greece. we also had some local elections in spain which didn't go the way of the incumbent party. it was quite strong for u.s. equities just up but also hitting some all-time highs over the previous week. let's look at bonds where the similar story of the last week has be

warner cable. is this good for consumers? is this good for business? johnion will continue to be a fact of life. we have been and evangelist for, look, is a better way for people to have a television experience. you can make a great interface and do not need to have all of these boxes. we have become the leaders in the cable industry of providing the software for operators to be able to put together the likes of traditional channels, like bloomberg, with new streaming services, like a netflix, and put it all together into a single way you can find whatever you want, get it to whatever mobile device you want for your personal taste however you want, but our hope is that consolidation does that, and obviously the big players have a way to go. emily: i will be interested to see that. tom rogers, ceo of tivo, thanks so much, and thanks for watching. ♪ . charlie: tonight, we continue our exploration of the magnificent human brain with the look of the neurobiology of parenting. neurobiologists are increasingly beginning to understand the brain's influence on pare

>>> plus the return of the cable king himself, john malone behind the 55 57 $79 billion charter time warner cable deal could this move drive more companies to merge in that industry? we'll be talking about that in a little while. it's amazing. he's back. he was very patient. he laid back. they made that initial offer for time warner cable a couple years ago and comcast outbid them but now he got it after all. >> one of the country's most interesting capitalists. we'll have much more on that story coming up. >> incredible negotiator. >> let's start with where the markets are right now as indicated. the dow is off 240 points today. that puts it back below 18,000. >> it's also below the 50-day moving average which everybody on the floor has been talking about. 18,010 is the 50-day average. >> the s&p 500 sitting below 2,100. the nasdaq is the underperformer as we often see on days like this tech especially is under pressure. we'll talk about that too. down 1.4%. it's sitting at 5,017. >> strong economic data pushed the dollar higher and that has sent commodities lower. the price of gold is dow

aboveice is a 14% premium time warner's closing price on friday. the biggest shareholder is johnone. is it time for a new page at clipboard -- flipboard? twitter is in talks to buy the company. they were in talks at the beginning of the year and they say talks are currently stalled. lipboard currently has 300 million users. stanley fischer says the fed is playing a waiting game when it comes to raising interest rates. he was speaking in israel and said if the fed raises rates to quickly, it will be harder to cut them if the economy slows down. >> we have another phrase. our processes are not date-determined, they are data-determined. we will wait to see what happens. we don't have to announce that we are going to do it in september if the economy is growing slowly. we will wait. olivia: he says putting too much importance on the fence move is misleading. in pro basketball, houston is staying alive in the western conference finals. scored 45 points to lead them to the wind over the golden state warriors. the more years have led 3-1. curry took a nasty fall in the fourth quarter bu

john malone had hoped for months ago. his company has agreed to buy time warner cable for $55 billion. time warner cable rejected charters offer last year and bid.with comcast's that deal fell apart last month. coming up, bloomberg's in-depth interview with thomas rutledge. the other ceo in this proposed merger might be getting a golden parachute from time warner cable's ceo. million ift up to 55 you is terminated within two years. -- he is terminated within two years. stanley fischer says the central bank is playing a waiting game when it comes to interest rates. ratesd if the fed raises to quickly, it would be harder to cut them if the economy slows down. phrase.ve another our processes are not date determined. they are data determined. wait and see what happens. we don't have to announce we're going to do it in september. if the economy is growing slowly, we'll wait. scarlet: he says putting too much importance on the fed's move is misleading. the central bank will be going the extension or stance to an extremely extension or a stance. s&p housing in the increased 5% in the year in

story of the day, charter communications, backed by liberty's john malone aims to succeed where comcast failed. a deal to acquire time warner cable for $55 billion. betty: we spoke to tom rutledge this morning. he views the company as content and cell service provider. mr. rutledge: the ability to use wifi and have roaming capabilities on the platforms. ultimately integrating goes into cellular businesses, i think, is in our destiny. betty: he looks tired. pimm: it has taken him two years. betty: he finally did it. giving the broadband consumer what it wants. perfect point to bring in check kanojia, founder and ceo of aereo, which lost a legal battle in the supreme court late last year. great to see you. perfect timing with this news from charger and time warner cable. your take? i think the industry requires scale. consolidation is inevitable. happen.ng to they're a good operator. betty: are you troubled? chet: no. the interesting question is what is going to have to from a concessions perspective. i don't think it will be a clean regulatory process, there will be concessions. there is a move towards adding wi-fi and all t

warner cable left at the altar by comcast but they are reportedly listening to merger ideas once again. the company has been contacted by charter communications. charter's largest shareholder is cable pioneer johnalone. comcast walked away from a merger with time warner under pressure from regulators. the nba has its m.v.p.. the associated press says it's golden state warriors point guard stephen curry. an official announcement will occur later today. he led the warriors to a franchise record 67 wins this season. they currently have a 1-0 lead over the memphis grizzlies in their best of 10 memphis conference finals series. tom: it is 6:30. with jim maccoll and, with jim a coffin -- with jim mc caughan -- olivia them as we look at euro area bank loans. this is a cool bank finance statistics, showing a recovering eu. a blistering over the weekend saying forget about the pessimism on europe. and of course, a look at politics. the republican road to 2016 to be direct, is a crowded, crammed pilgrimage as they move to the first tuesday of november. olivia: comcast just reported results a few minutes ago and the analyst estimates after signing up more internet customers, also announced a share buyback

there is one that has been moved, the warner house way up 16th street. he did this for john hay and henry adams down on lafayette square. unfortunately this is gone. that is where the hotel with that name is located. but this house here done for lar's anderson's father in his youth. look at this and think about this -- two very very different worlds. it goes to the point, and this is a rule of history -- we tend to zone the taste of her parents -- disowned the taste of her parents and find great value in the taste of our grandparents. no, but there is the sense to reject what we know and rediscover something that has come from the past. in the case of the anderson house, it is very well known at the time, that here are the interiors. this is well enough known that he was published in a very famous book -- a huge folio of the best american interiors, published in 1883 called " artistic interiors." there is the entrance hall. there is the dining room. you came in through the entrance hall here. maybe you have not seen the dining room but anyway the dining room is a very differ

warner up by 2.3% in german trading. altice higher by 7.5%. >> vodafone having it's best days since january. john malone said a tie up between the two would make for a great fit. as you can see both are up 3.3% in today's trade. >> meantime united technologies is reportedly in talks to sell it's sikorsky aircraft business. they make black hawk helicopters for the u.s. military and supplies the helicopter that carries the u.s. president. it is exploring either a sale or spin off. reports say that boeing airbus and lockheed martin are among those that may make a bid later this month. higher by .75% in german trade. >> pep point has been approached by potential buyers. pep boys was founded in 1921 and has more than 800 stores and is struggling amid weakness in the tire business. let's look at trades spiking some 18% in frankfurt today. >> and speaking in munich don expect a fed rate hike until 2016. that's according to evans that says inflation is still too low to tighten. speaking in munic he struck a more dovish tone after saying a hike could still take place. >> as investors brace for volatility

warner. carolyn ryan. read epstein, david lowder john gizzi. that should keep us going. you are obviously thinking about running for president. is there a niche that you see yourself filling in the party? as you told chuck todd in meet the press that what you had was more experience than anyone else in the field. governor kasich: not only having been in the legislature and congress but being chairman of the budget committee -- not just talking about it dollars budget but being one of the architects to achieve it, and that i spent 18 years on the armed services committee. so i have had extensive national security experience. i went on for 10 years to find out if all of the things i have been talking about were true. turns out most of them were. and then i entered to become governor at one of the lowest points in that states history -- an $8 billion hold, 350,000 private sector jobs, credit hanging in the balance. put a great team back together we are now structurally balanced. we are running a $2 billion surplus, credit is strong. and we are up 340,000 jobs. of a good res

warner cable. it's down 1.4%. a source told cnbc that john malone backed the takeover of wtc by charter communications and that's been signed. europe's largest budget airline flying to the top of a stoxx 600 after a 66% increase in it's profit. it's always getting better and behind the strong performance. let's move on the euro dollar selling off quite sharply today. down 0.75% at 1089. a bit of debate internally as to what the cause of this is. perhaps elevated greece fears or other political developments including spanish election results over the weekend or more than likely the hawkish tones we heard on friday. given the markets were closed yesterday it's seeing a more pronounced move today but below the 109 handle again. the dollar against the yen, 122. aussie dollar at 0.778 and 104 against the dollar. we've seen the 10 year in germany start to bounce back again and start to rise and the yield to come down after the big correction we saw. we're now look at 0.53. the yield in the u.s. 2.97. when does that mean we'll see a rate rise in the

warner. they could be thinking this is a nice asset. charter communications owned 25% by john malone.cations is looking at bright house. together, we can see an absolute cable consolidation. this is all about reinventing themselves in the new world of amazon making content, netflix using films and tv shows. what do cable companies do defend this off? they can probably become more important. manus: talk to me about john malone. he had not made an offer. caroline: a big banana in a jar. mark: i don't keep my bananas in a jar. caroline: the trick is getting your banana. liberty global sees it as a great asset. he called it a great fixed to tie up with his western european assets of liberty global. the question is he has his hand in a jar, how does he get that hand out? what is really fascinating is there is very substantial synergies if these companies got together. he has not made his offer yet. they could have about 1.4 billion pounds if the deal was done. vodafone and virgin media -- the netherlands could combine as well. we will see if that deal profits. manus: thank you for wrapping

warner cable in general. look at what they have done to try to fend off patrick druggie -- draghi coming back for a second bite of the cherry. johnalone is the man for charter communications it he owns liberty broadband and will help to fund this deal. that makes it a very difficult price point and structure for altice to be able to top. they are taking into consideration the competition for the asset and the antitrust concerns. remember, time warner cable was being merged with comcast, the number one and the number two players but the regulators did not like that. that deal unraveled and now the likes of charter communications are coming back for a second attempt. they are going to have a big breakup fee if it does not happen. manus: let's get you up to speed with some of the top stories on bloomberg at this hour. david cameron met with the european commission president to talk about renegotiating the terms of britain's membership of the bloc. it is part of a weeklong tour discovery -- discussing a referendum. the french prime minister in paris on friday. apple's top designer jony ive will give up his day-to-day managerial dutie

john malone recognizes this will be a very valuable business going forward. hence, the big investment in the industry. angie: all right, bloomberg paul sweeney. let's stick with it. time warneras the biggest mover on wall street, getting more than 12% at one point on that takeover news despite a rotter slumped on the s&p 500. let's get more of the market news. bloomberg's su keenan is joining us from new york. bigthe stronger dollar a part of this, driving stocks and the dollar lower, thomas added eight-year high against the yen on that stronger than forecasted economic data. everything from housing to manufacturing to consumer confidence coming in ahead of estimates, and that boosted the case for higher interest rates. debtor for the economy is worse for the market in the short term in terms of the trading because of the interest-rate outlook. now, we saw gold fall. and we have morgan stanley forecasting that a stronger dollar will continue to pressure oil prices and energy as a whole. and it was a down day. apple, hewlett-packard, google all falling aztec came under pressure on the economic front. to take a closer look -- all falling as tech came under pressure on the econ

for time warner cable establishes charter, new charter, as the combined company will called, -- will be called, as the company's second-largest cable business. the deal does something else, it johnne,coon charter's largest shareholder, right back into the thick of things. probably the most important person in media that people have never heard of. hised "darth vader" for dealmaking prowess, he has been at or near the center of almost every major media transaction for decades. he rose to prominence as the ceo of telecommunications international, which was at one time the largest cable operator in the u.s. it would later be sold to you -- to at&t. he would hold shares -- stakes gate, barnes &s noble, virgin media, and evite. in addition to media companies, he also owned the atlanta braves and two point 2 million acres of land in the u.s., making him the country's -- and 2.2 million acres of land in the u.s., making him the country's largest private landowner. the time warner cable deal, he is returning to his home market. at the age of 74, you might think such a transaction would be the capstone to his career, but many people who have been watching him over the years know that he

warner cable for $55 billion in cash and stock. this acquisition by charter, which is the third biggest operator and smaller than twc is backed by mogul john malone liberty's broadband. they will merge with smaller cable operator brighthouse networks. in total the cable internet giant would have 23 million customers. that is 23% market share. becoming a significant rival to comcast 27 million sick scribers. the deal is not approved by regulators. record hely the sec commissioner tom wheeler called ceos of charter and time warner that the agency wouldn't necessarily be against a merger according to "wall street journal" in a statement this morning wheeler said applying public interest test an absence of harm is not sufficient in this deal. the commission will look to see how the american consumers would benefit if the deal were to be approved. now we're watching time warner cable's stock right now. it is up a healthy nearly 8% on this news. melissa? melissa: jo, thank you so much. let's bring back our own david asman along with charles payne the host of making money. charles, what is the buy on this one? >> i wouldn't chase either one of th

john terrett, al jazeera manchester connecticut. >> on the money beat, a $55 billion deal announced this morning for tarta communications to buy time warner cable. if approved, the deal would make charter the second biggest cable operator. >> college students have been graduating this month but it does not mean their school responsibilities are over. many find themselves weighed down with student loans and it could take decades to pay off. we have this report. >> melissa found a way to beat the student loan system by following a piece of simple counterintuitive advice. as a strong student from a low income household she qualified for grants in some of the most expensive university in the u.s. at a cost of nearly $50,000 a year. >> i came back to chicago. >> now 32 years old she still owes about $35,000 in student loans, but they are deferred while she is earning her p.h.d. at the university of illinois in chick. hers is a rare story. >> big loans" the only way to make it on to a campus like this for many, but once they leave the loans become crippling. the older they are the harder it is to pay the loans off. >> students are paying off lo

john chambers passes the baton to chuck roberts. and comcast has been in the news because it was not forced necessarily, but removed it bid to take over time warner will do next. first quarter profits beat analyst estimates $.79 on an adjusted basis versus a consensus of $.74 after comcast signed up more internet customers. other highlights from the conference call, although it did not touch on what it would do with its many and what it might buy next, programming costs will increase a percent this year. i don't know if that means higher cable bills for you and me, but if the cable network continues to -- but the cable network continues to operate the majority of the cash flow for the service. betty: i am on verizon files, so i guess i won't be part of that. still to come, stephanie ruhle will be headed to a conference will hear from bill ackman and much more. ♪ betty: many of wall street's biggest names, including bill ackman, are taking part in the stone conference, where they will be doling out their best ideas to eager investors and listeners. stephanie ruhle and erik schatzker wishes. -- will be there. stephanie: erik schatzker witches. he's

rutledge and john malone may not be enthusiastic about competing with fios. cablevision is the acquirer from time warnerture company, but a lot of their operating parameters. their revenue is a lot better than time warner cable. i think that's a wildcard possibility. i think it's implausible that cable vision gets acquired immediately. i wouldn't think that altese would be a buyer here either. roll up that new york market in one form or another. people have been talking about this literally for a quarter century at this point. >> matt i want to thank you for joining us today. >> thank you. >>> by the way, folks, a programming note for you. don't miss charter communication ceo tom rutledge. >>> now ryanair reporting better than expected results. celebrating 30th anniversary this year. profits jumped 63% year after year and the shares of ryanair at this hour are indicated up around $68 a share. now on set michael o'leary ceo of ryanair. how do you do 66%. anything special in there or does it have to do with the dollar? how do you do? >> it helps when you start out with profit warnings in the previous year

warner cable get a heck of a price. >> they saw ramping yesterday. that's been going up for a while now. t-mobile i mentioned john legend because they're a competitor with verizon. that had a big spurt at the end of the day. people feel this which you basically introduce altice. >> this thing is causing people to turn heads. people say why couldn't they buy t-mobile. >> the germans invest t-mobile. the question becomes at what point do they want out and who would they sell to we will see. dish and t-mobile, there's a romance there both sides seem to keep going. comcast a parent accompany, this is back. interest in that who knows? >> when i interview john ledger it is clear he has a great accompany. he has turned that accompany around. i've not seen sprint turn around. t-mobile is up. deserves to be around here simply because it's done better. >> yeah sprint listen i think they have done a very good job trying to get things moving in the right direction there. they're settled by an enormous amount of debt. by the ability to complete the t-mobile deal. they have the control soft bank which controls 80% of sprint's