he has a lot in common with john legere. long-haired, strong personalities. of course the interview happened before we reported this bid from iliad. i want to take a look at some of the things he said. he said i have always said we've had multiple options. we will consider options to look at things that accelerate the uncarrier. there are multiple players, multiple options for the companies, variant -- various accelerants exist. i think it is clear there is great interest in t-mobile. now we know a week ago iliad came to t-mobile with this bid. it sounds to me like john legere is open to it. >> multiple accelerants internationally. someone that can give them money to build out faster. the problem is, iliad is a smaller company than t-mobile. smaller revenues. ,hey made this incredible save they said they have $10 million in synergy, that is the operating expense for t-mobile. aggressive action of a guppy trying to swallow a fish. >> who is in charge? what happens with the leadership? this is a story we will continue to follow. ow is the worlds largest smartph

had john legere on earlier.bout the future of consolidation, including regarding t-mobile. he said many path, not just about sprint which is the conversation lots of people like to have, but if dow jones has this right, crediting a source, this got a lot more interesting. >> yes, said he need scale, but wouldn't wade into the sprint name specifically. so this would certainly be interesting, if this were to happen. >> by the way, iliad, not familiar, a french provider of telecom based in paris, into telephony, prepaid cards, founded in 1999. we may get more familiar with them this afternoon. >>> mean thame, back to the markets. chief investment officer at bmo private bank to talk about a sell-off today. good morning, jack. jack, can you hear me? >> yes. can you hear me all right? >> yes, i got you. here's the way everybody's thinking. walk in this morning with portugal, ukraine and argentina and then get this economic data lending more weight to the argument the fed has to start working and quickly. is that the w

you will hear from john leger. ♪ >> target has a new ceo.an cornell is coming over to target from pepsi to clean up the mess. julie hyman is here with more. what can we say about the new boss? >> he likes drinking pepsi. you can get that at target. >> maybe he was there for the fritos. >> he was head of the food business, so maybe he is more of a fritos -- >> i like fritos. he was at walmart. he headed up sam's club at walmart. he was ceo of michael's. what i am hearing from the walmart analysts is he is a good choice to come over to target. he did well at sam's, brought up .heir comp store sales sam's business has not been asked wrong since he departed. >> why have i not heard his name before? i remember all of the jcpenney craziness. there are not the right people with the right pedigree. this one seems right. he had a good job at pepsi. >> when he left walmart, he likely had a noncompete that lasted for some amount of time. he left in 2012. the troubles at jcpenney probably occurred during the time of noncompete. big of a cleanup job does

earlier today i spoke to ceo john legere minutes before iliad's bid was reported about all the optionsn the table, and their recent subscriber growth. >> as you know in q1 we announced contract freedom. it was the launch of paying early termination fees, something we will do. that caused an aggressive spike. amongst other things we did guidance raised our for postpaid subscribers for the year, now saying we will be between 3 million and 3.5 million. further evidence we feel very confident that our momentum will continue throughout the rest of the year. >> i wonder about that contract freedom. you are enabling more customers to have no contract, to buy the phones upfront. does that mean you are seeing less customers buying the expensive phones, the iphones and samsung galaxies, and are you selling more mid and lower tier phones? to go back, you have -- you and i have had this conversation before. the uncarrier movement, which is points on solving pain for customers -- we want 100% no contract. customers love it. anytime upgrade. international data roaming for free. tablet freedom. and t

>> obviously i'm a big fan of john legere running anything.he record and point that fact out. i think -- the only thing i would change to what you said, david, is hit the wall. the issue, of course, is scale, balance sheet. these are things that if i want t-mobile and the uncarrier brand to lead the industry, to compete and succeed to number one over verizon and at&t, if i want to be able to bring to the united states wireless industry sustained real competition, you need more scale than we can organically get to in the short to medium term. so therefore, transaction that brings capital and specter would be highly beneficial. there are many different ways to do this. >> any other ones i should be thinking about? >> we'll allow you to bring those through. there's capital and there's spectrum and multiple opportunities. i'm going to grow the business organically and look at those ways. >> you were quick to tweet about this ftc lawsuit over unauthorized charges. did that do anything to dispel the image of being a disrupter, a straight shooter? >>

i will admit to being charmed by the t-mobile ceo, john leger.r -- you talk to wall street investors all the time. guy traipsing around in a t-shirt -- how is that playing out in wall street? >> it is certainly a change from traditional telecom executives we have known. tweeting and wearing magenta t-shirts and things like this. it is definitely a different look. it is resonating with customers. he has done a lot of things to shake up the industry. you see at&t and verizon and probably soon spreads reacting aggressively to the price moves he has made. it has frankly lowered the price of the industry. it is shaking things up quite a bit. >> what is the single biggest change? >> unfortunately, he has proved there is price elasticity in u.s. wireless. >> could hurt the profits. >> sure, and it is a scale business. you need spectrum, network utilization, network assets. these require cash flow. to the extent that you continue to have somebody chipping away the price points, the return on capital as an industry is worse than it was just a year ago. >>

. >> right, trying to read into what legere told us at 9:00. >> interesting. of course, he said a list of potential options, carl, when we interviewered him in terms of not jut sprint, but wouldn't offer much beyond that. and obviously, they're doing quite well at this point independently. so more to come. sprint itself, down because of the prospects, perhaps, a deal might not happen. even the idea of that is interesting to the market. >> david, thanks for returning down. david faber. >>> kayla, john, thanks, as always. hand it off to the judge. all rise, the "half" starts now. >> thanks. >>> continuing to follow that developing story and all of those ramifications if that does, in fact, come to fruition and where those talks may go from here. welcome to the "halftime report" show. jon najarian, co-founder of option monster.com. josh brown, ceo of wealth management. mike murphy, ceo and stephen weiss, managing member of short hills capital. top story, stocks headed for their first down month in six and whether new russian sanctions and potential of a faster fe

. >> lÉger airlines has confirmed this -- malaysia airlines has confirmed this. with ma 17 from amsterdam. more details to follow. to try to put this in geopolitical terms. ministryian and is correct and rebel forces shot down a boeing 777, what does it mean? a it is certainly making likelihood of military escalation between the two sides much greater. we have already been on a negative trajectory. the russians have denied shooting down the ukrainian jet. there is no denying that 300 civilians dead in a plane -- has maintained his own deniability of influence and control over the separatist forces, this forces his hand in being much more aggressive in rousting the separatists. utin is going to deny any culpability and point the finger back. possible --makes it impossible for the president to not take action to try to move to get rid of forces. how could he not given what just happened against the airliner? >> what do you mean specifically? >> direct military action to remove the separatists from these two large cities. it certainly makes it more likely that the r

and john legere is firing back -- afterc, claiming being accused of cramming. he just tweeted, i've made it clear cramming is bad. customers pay only for what they want at t-mobile. and the storm could turn into a hurricane and threaten north carolina banks right before the holiday vacation season. arthur may reach hurricane strength i this thursday and is currently just off of coast of florida. of jpmorgan, stand -- jamie dimon, has throat cancer. to shareholders and -- any note of an illness compelled them to look at the board. that is where we begin. guest.ome our charles, let's start with a disclosure issue. jamie dimon told shareholders and employees that he was just diagnosed with throat cancer and we have to make the assumption that "just" means very recently. any complaints with this? it looks like they are doing all the right things. he is anof all, individual who i admire and respect him endlessly and i'm very sorry to hear this news. --ond, i think you get it a did it exactly as he should've done it. as soon as it comes out, you make a disclosure. it