what does this mean for john legere? >> he really has taken a no-namebrand, in my view, and turned it into something quite cool. he has a lot of followers on twitter. they have denigrate job with advertising. frankly, in terms of just branding, t-mobile, the genius behind it is john legere. >> when you put a black leather jacket on i guess it makes it cool. who are potential buyers? >> they are limited. this price is outrageous. iliad might not be a buyer. they don't have the financial resources. >> for $35 a share? >> we are talking about $18.7 billion to do a deal like this. as cheap as money is right now, it might be hard for them to get this. they already have an enormous amount of debt. it is not out of the question that they could have more, but presently the company has borrowed a lot of money. you can't just add more debt. >> the question is, can they continue to grow prescribers? -- grow subscribers? everybody thinks that is not really possible, except john legere, who claims he can keep doing it. john butler, w

and legere's challenging fellow ceos to give more. just tweeted he'll donate $100,000 trying to get nine other ceos to do the same thing. >>> first up, rick santelli, what are you watching? >> i'm watching gdps, around the globe, but we're going to pick out the important ones. the ones that use a lot of this. we're going to discuss what that means for the united states, because on a relative trailed we all know we're better, but what does it mean for the global economy? and more important, what does it mean for interest rates? all after the break. i'm only in my 60's. i've got a nice long life ahead. big plans. so when i found out medicare doesn't pay all my medical expenses, i looked at my options. then i got a medicare supplement insurance plan. [ male announcer ] if you're eligible for medicare, you may know it only covers about 80% of your part b medical expenses. the rest is up to you. call now and find out about an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all standardized medic

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 today, we raised our guidance 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? >> actually, you have to go back -- you and i have had this conversation before. the uncarrier movement, which is focused on solving pain points for customers -- we want 100% no contract. customers love it. anytime upgrade. international data roaming f

we will consider any option that exist for the shareholders. > my interview with ceo john legere.mazon is known for being secretive. the company has gone public with its side of the story in its ongoing ebooks price issue. will this lead the two sides to an agreement? we discuss next on the best of "bloomberg west." ♪ >> welcome back to the best of "bloomberg west". i'm emily chang. the battle over e-book prices with amazon and hachette group takes a new turn. amazon said the company's key object sieve to lower e-book prices. arguing if the books were priced at $9.99, there would be more room for sales. what does the publishing industry and authors have to say about the proposal? i spoke with mark coker. and a self-published author. i started by asking hugh who has been a supporter of amazon throughout this dispute what he thought of the company's latest response. > i'm happy that amazon is finally talking about what their negotiation terms are. it confirms everything i suspected just from watching the company over the years and dealing with them as an author and publisher. they w

shirt -- >> john legere -- >> work for sprint? >> this is a september conversation. >> those are our front page stories. >> our top story, the geopolitics of the summer. not iraq or syria, ukraine and russia. 1000 russianer troops on two fronts, donetsk 0 miles south. hans nichols is in berlin, ms. merkel is front and center. what will chancellor angela merkel say to mr. putin in the next conversation? >> she will ask for clarity. merkel, at the beginning, she was a translator and an interlocutor. now she's become a critic of putin. does thaton is, undermine her ability to broker

think two take it. >> legere will take it.ile that guy will do -- >> the wild card is bezos. >> you would think bezos would deliver on the pledge in the same day? >> within two days. >> had a drone drop the water -- >> a prime customer i. know where you're going with that. i can't wait to see if buffett does it. awesome. legere, he'll do it. of course. >> yeah. >> he may do it on the set. >> may have to change. doesn't have to be always wearing t-shirts. he's fine. >> we are waiting for zuckerberg and apparently not the only one who challenged him. new jersey governor chris christie also nominating him to take the challenge after he got soaked yesterday. there's the governor. his children doing the honors. so he passed it on to zuckerberg along with other folks as well. still waiting to hear from you, mark. hope you will take us up on that and, again, more importantly think about why we're all doing this, which means more than dumping water over our heads to begin with. that is to raise money and awareness for als and to do th

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. >>

t-mobile's ceo legere on the possibility of a deal just a week ago. take a listen. >> we've always said in the long term scale is extremely important. i point out we have multiple options to create long-term scale for this company, one of which has been long rumored and is one possibility for the business. >> jon steinberg, i know you love deals and the gossip that survounds dealmaking. what do you make of these going away in a hurry? >> the insight i have, when the two holding companies were looking at merging they said google and facebook were the competitors. look at media companies, disclosure, advertisers are our, the key is they ultimately are competing in digital video. it's all going to be going over the top and for them to have scale to compete with youtube, able to compete with facebooks, video instream product, they need to be able to have more scale to go out to advertisers. that is the point of these mergers. if it doesn't happen this time with these companies it will happen with comcast and somebody else. ultimately, everybody bulks up b

. >> i just spoke with john legere earlier this week, the colorful ceo of t-mobile.sked him if the sprint deal did not happen, what are other options, what about dish? this is what he had to say. >> i've been very consistent. i will not comment on any specific transactions of the company, never have. i've always been consistent that in the long term, if i really want to bring in long-term competition and lead this entire industry in the u.s., sales are important, capital is important. and one of those things could be a transaction in organically of some type. i've always said we have multiple options. in the short-term, what i have pointed out is that wanted to native lee and qualitatively, this company is hitting on all cylinders and we have a great runway. we have multiple options to accelerate being a carrier. we have been consistent in that all along. >> if it happens, you're the guy in charge. if it doesn't happen, you're the guy who has to figure out what to do. what else is in the spectrum, dish? >> you know that with a transaction or without a transaction, i'

john leger marched in with his old team from t-mobile. i met with him about this a few weeks ago. out for drinks with macklemore. the discussion was about how this plan to turnaround team of your -- t-mobile and change the telecom industry in the u.s. was something they worked on before they marched in the door. he came in with his team reviving this company forcing the other carriers to respond. >> if you follow john leger on , i suggest you do if you like swearwords. he has pushed this narrative he does not need to merge with sprint. he is going to be the boss of the new sprint employees. >> he behaves like a guy who does not feel like he has to. in may said wen cannot compete with softbank on t-mobile. we don't have the money for it. dishes a $32 billion company. compete, but maybe he can and does not want to reveal strategy. >> we have to leave it there. out sherman and cory johnson -- alex sherman and cory johnson. >> when we come back, republican versus republican on capitol hill, fighting about what to do about immigration. ♪ >> we are approaching 26 minutes past the hour.

>> in terms of winning, how is legere going to win. a no-name, nothing carrier to a cool carrier. they have gone from nothing to hot pink, which is their corporate color. say killer, doesn't have to be a killer iphone plan? >> it is all about branding. he is brilliant at that. he really has turned t-mobile into hot pink. he has gotten out there with aggressive pricing. it has resonated with consumers. addsre not -- their net have gone from negative to positive. ison a final note, claure not well-known in the telecoms world. does that work against him? to behink it is going important. outside of fixing some of the price this advantage is he has on a few plans, the next most important thing for him is to really introduce himself to parts of the industry where he is not as well-known. he has got to worry about getting connected and buildings. he has got to build a very tight partnership with other in the space. very quickly. there are very good relationships with those companies, with sprint, but they want to see marcelo. >> thank you so

we thought the ceo of the merged company would be john leger, t-mobile's ceo. the writing was on the wall that dan hesse he was going to step down. it is not a surprise that regulators did not like this deal. that has not been a surprise since day one. >> did we have any sense of what the plan b was going to be for sprint? drop prices orer invest in new infrastructure to expand the network. do we have any sense of which they are going to choose? >> not yet. sprint is going to have to lay out their plan b at this point. there is a plan c i suppose. they could do some sort of partnership with another company. i know that dish network has that they would love to do some sort of network hosting, sharing, and have them pair up mobile and video, similar to what at&t is trying to do with directv. quickly, we have craig moffett with us in the next hour. is this a massive victory for theington in just saying to entire industry, listen to us carefully, we want competition? think it probably is, particularly in the backdrop of comcast-time warner cable, and att-directv. b

with aknow that transaction or without a transaction, i'm hugely in favor of john legere being in chargeanything. that is my position and always has been. >> what a knucklehead, that guy. >> i love it. what other options are there? didn't talk about selling the business. he didn't talk about walking away from the business. he is talking about ways to make t-mobile grow. >> and being in charge. >> and being in charge. look at. if someone wants to step into a situation, it could be a situation where they borrow so cannot do where they an acquisition without building out t-mobile's network. and sprint as a competitor will make it harder for t-mobile to grow and to get coverage where they want to get coverage. there are other ways to do this, but there are fewer ways for them to acquire spectrum and get your. they will have to grow organically, and that will take boatloads of cash. >> and we do have a quotation from charlie, something he just said. the sprint announcement has just increased some of the option now the that we had. a lot happened in the last 24 hours. he added that t-mobile co

leger's the real deal. we have colorful ceos all the sudden. is he too colorful?hould he be a ceo? the pink shirt, i don't know. anyone with those numbers has every right to be a ceo. he's good. >> a lot of shareholders agree. >> yes, spencer rascoff and legere, they are the empty chairs. i don't know if you can get the camera to the empty shares, but waiting for them to show. in the end, they are, here we gg go -- they like to host. >> open invitation. with all that, jim, dow hanging on to a gain of six points. >> people are selling nike. nike was quoted -- they had the conference call that nike was doing well, but people sell anything. >> hey, bob. >> okay, very good, checking on an ipo we got here. the important thing today is confusion on the part of the traders. only hard facts we have, s&p futures, the confirmation that the u.s. conducted an air strike on isis. other than that, i got calls asking about whether or not there was any report to the vague rumors about russia trying to deescalate the conflict, apparently russian media, causing confusion overall, a

obviously coming at this from a perspective of reaching conservative latino voters and growing the leger -- elector e electorate. >> we need to create the same environment and feel here. we engage latinos by talking about market principle. this this country of the -- by doing that, by engaging in churches and chamber of commerces and colleges and universities, wherefore they congregate and meet, we feel we can do that proper outreach to get latinost to come out and vote. obviously we have a considerable perspective. there is no argument that the democrat party has benefitted from the latino vote for the longest time. every presidential race, the republican party has never enjoyed a majority of the hispanic vote. george bush set the high water mark at 45 percent. i think what's important here is that we understand that this has been a conversation within the latino community that has been dominated by the left. so their credit, folks on the left have outreached, been in the communities, have seen the value of the growing demographic in the latino community and they've capitalize on that b

as for t-mobile, ceo john legere blasting sprint on twit perp an example. t-mobile now and jump off the sprint bus before it crashes" harb friendly, #unleashed. tweets go from there. that stock trading down 3% today. back to you. >> thanks, morgan brennan. >>> many, many of -- it'sest tring what his social media strategy is, the ceo of t-mobile. >> you wonder what it is, right? for me, i don't own t-mobile, if i did, i would prefer to not have the ceo going out on twitter with comments like that. i think it's -- childish. >> sprint has a long haul ahead of it. i do. pricing, not competitive with the rest of the industry. have to spend $4 billion, nor need that to build out their network, have to kwcome to the network. i'm for value, but not sure this is it. now a new ceo probably will take a long time to figure what needs to be done. >> and without experience returning a wireless operator. >> right. a soft bank guy. >> right. exactly. he met two years ago trying to sell or get investor for his company, used phone company. >> not impressive bounce when you c

. -- john legere. ofthis is the battle disruptors right now between sprint and t-mobile.rs probably will be on the short end of the stick that a great situation for consumers because they both have advocated price cutting. idea of the his price cut sprint came out with. offering 10 and 20 gigabytes of data for very low price. the average consumer cannot use more than one .5. who does that? teenagers. splints network operates about half the speed and most of the country to everybody else's. if you can get it. 20 gigabytes of data on the sprint network. >> can you afford these plans? cutting prices against one another to compete. sprint of those, especially needs capital. they have to build out the network. they need billions of dollars and are losing customers. sprint is probably going to fall between now and the end of the year to number four, which is gaining t-mobile. this is a fixed cost business. devastating,e is particularly when they're going through an investment cycle, which is friends at the moment. >> trying to get our attention with the of noxious tweets. is he

. >> we actually just hard from john legend -- john leger.arently doesn't have a lot to say about the aborted deal. instead he says ice cream that turns magenta when you lick it. we need this in the dispensary in my office. that is what he had to say. he just wants ice cream that turns magenta. backg up, alex rodriguez in the headlines. this time his supporting cast facing allegations. ♪ >> you are watching "market makers." it has been a nerve-racking 24 hours for a lot of row athletes. yesterday around this time anthony bosch, the man at the center of baseball's biggest their ward scandal was arrested and charged with distributing their words to professional and amateur athletes, some of which -- some of which to let high school. he has agreed to cooperate with prosecutors and a wider investigation. this is the man who has already brought down alex rodriguez by admitting he provided him with performance-enhancing drugs. are joined now by an analyst at espn. great to have you back on our show. how nervous should days ball players and for that

to john leger was speaking bloomberg earlier before this came out, the chief executive of t-mobile u.sneed capital, we need to invest. he wants the deal to go his way as well. >> peer speculation. indeed. you very much >> very confusing. i/o is wished i was pronounced caroline. -- i always wished. latest us with the coming out of the french market. flat. hours, jobs stay in america. predicting slow labor gains in the next month. ♪ >> welcome back. let's talk about what is happening in the currency market. trajectory.m i think the chart tells you what is going on. strength coming through. the perception we will start to get more strong data coming through. the data generally good coming out of the u.s. economy but good enough to get the fed moving? another thing i want to draw your attention to, take a look at the right-hand side of the chart. we're seeing it in volatility as well. just beginning to pick up. maybe things are starting to happen a little bit. a lot to get through over the next week or so. investors looking for clues out of the non-form payrolls number. this 230 is the num

am not a t-mobile customer hisid john legere -- stock was trading north of $34, thanks in large partat reporting. with share agreement little hope of going up on -- hing other >> in the near term i do not expect t-mobile to be popping anytime soon. there is a possibility the french government can boost your offer. they are still periodically involved here. that might be the first near-term step. >> thank you. covering m&a. >> the big headline, no consumer. adam johnson joins us with a little insight and action on where the consumer is. dowe're going to try to later in the next hour is try to figure out how bad it is and whether there are any other companies that might present some problems. >> a lot. into earnings reporting season. the news cannot of macy's -- disappointing earnings, foot have seenhe worst we in about 16 weeks, declined for the 16th week and it grow. cole's, nordstrom, and walmart report tomorrow. estimates?ts lowered >> the bifurcation. >> adam johnson is quite the artist. ♪ >> that wraps it up for "market makers," erik, you don't play candy crush. >> and i do not c

[applause] donna leinwand leger, reporter for "u.s. today" and vice-chair of the national press club speakers committee and former president of the national press club. and next to her, between her and the president, is claudia lambuma sassou-nguesso, who is assisting with our translation services today and who helped plan this lunch. thank you so much. [applause] skipping over our speaker for a moment, tony cerise, director of academic seminars, the washington center for internships and academic seminars. [applause] gilbert odongo, state minister, economy and finance. [applause] heidi shoup, president and ceo of the world affairs council of d.c. and a new press club member. [applause] nashwan talib, journalist and tv news anchor for the middle east broadcasting network. [applause] tita misok, senior communications officer of the united nations foundation. [applause] last year, the "new york times" listed the republic of congo on its list of 46 places to visit for its remarkable safaris, the world's second largest tropical rain forest,

picturnkguy with the shirt -- >> john legere -- >> work for sprint? >> this is a september conversation. >> those are our front page stories. >> our top story, the geopolitics of the summer. not iraq or syria, ukraine and russia. 1000 russianer troops on two fronts, donetsk 0 miles south. hans nichols is in berlin, ms. merkel is front and center. what will chancellor angela merkel say to mr. putin in the next conversation? >> she will ask for clarity. merkel, at the beginning, she was a translator and an interlocutor. now she's become a critic of putin. does thaton is, undermine her ability to broker some sort of diplomatic solution? that might be a moot point. when you look at southeastern ukraine, diplomacy seems a far way off. there is going to be a lot more fighting before there is any resolution. >> in the last 24 hours, more headlines about nato. does nato have any power here? do, nato cancan assure other allies along russia's western front. estoniamove troops into and into poland. their will because for that. they have some and and emergency me

obviously coming at this from a perspective of reaching conservative latino voters and growing the legerelector e electorate. >> we need to create the same environment and feel here. we engage latinos by talking about market principle. this this country of the -- by doing that, by engaging in churches and chamber of commerces and colleges and universities, wherefore they congregate and meet, we feel we can do that proper outreach to get latinost to come out and vote. obviously we have a considerable perspective. there is no argument that the democrat party has benefitted from the latino vote for the longest time. every presidential race, the republican party has never enjoyed a majority of the hispanic vote. george bush set the high water mark at 45 percent. i think what's important here is that we understand that this has been a conversation within the latino community that has been dominated by the left. so their credit, folks on the left have outreached, been in the communities, have seen the value of the growing demographic in the latino community and they've capitalize on that by se