this is one of those myriad of companies that malone owns.ithin them, there are further tracking stocks. there is a qvc group that hsn will fall in. that, aadd zulily to company that liberty interactive but a couple years ago, as liberty interactive, greg maffet and john malone tried to move away from that. vonnie: it is amazing looking at liberty interactive trying to find securities and takers. there are many. we will have to talk more so you can more about his businesses. i find them fascinating. we will get inside of president donald trump's meeting in hamburg with the russian president vladimir putin. we will hear from a key rush of representative at the summit next. those are pictures from earlier today when the president and first lady arrived in germany. this is bloomberg. ♪ ♪ >> that is one bright day in midtown manhattan. we are live at bloomberg world headquarters in new york. i am vonnie quinn and this is "bloomberg markets." let's have a quick check of where we are now. of theise, in the middle session. the dow is down about half

we'll be right back with post malone! presented by mercedes-benz. the best or nothing. >> dicky: the "jimmy kimmel live" concert series is presented by mercedes-benz. the best or nothing. >> jimmy: thanks to sarah silverman, thanes to jimmy butler. and apologize to matt damon, we ran out of time for him. "nightline" is next, but first this is his album "stoney," here with the song "congratulations," post malone! ♪ [ cheers and applause ] ♪ a ooh ♪ ay ♪ ♪ ♪ my momma called seen you on t-v son said [ bleep ] done changed ever since we was on ♪ ♪ i dreamed it all ever since i was young they said i wouldn't be nothing now they always say ♪ ♪ congratulations worked so hard forgot how to vacation ♪ ♪ they ain't never had the dedication people hatin' ♪ ♪ say we changed and look we made it yeah we made it ♪ ♪ they was never friendly yeah now i'm jumping out the bentley yeah ♪ ♪ and i know i sound dramatic yeah but i know i had to have it yeah ♪ ♪ for the money i'm a savage yeah i be itching like a addict yeah ♪ ♪ i'm surrounded t

we'll be right back with post malone!sented by mercedes-benz. the best or nothing. remember our special night? abdominal pain... ...and diarrhea. but it's my anniversary. aw. sorry. we've got other plans. your recurring, unpredictable abdominal pain and diarrhea... ...may be irritable bowel syndrome with diarrhea, or ibs-d. you've tried over-the-counter treatments and lifestyle changes, but ibs-d can be really frustrating. talk to your doctor about viberzi,... ...a different way to treat ibs-d. viberzi is a prescription medication you take every day that helps proactively manage... ...both abdominal pain and diarrhea at the same time. so you stay ahead of your symptoms. viberzi can cause new or worsening abdominal pain. do not take viberzi if you have no gallbladder, have pancreas or severe liver problems, problems with alcohol abuse, long-lasting or severe constipation, or a bowel or gallbladder blockage. pancreatitis may occur and can lead to hospitalization and death. if you are taking viberzi,... ...you should not tak

john malone's liberty qvc is , the amountf hsn that it already does not own.r of north american research paul sweeney joins us from princeton for more on the deal. explain to us what is going on with the deal. i look at the numbers and it is creating the third-largest e-commerce company in the united states. aul: this is really an defensive move by john malone and liberty to consolidate its two home shopping companies, the two dominant players in that side of the retail business. as e-commerce has grown, as cord cutting has reduced the pay tv households that typically watch the home shopping network's and qvc, these dynamics have created a challenging environment for these networks. sales growthn slowed dramatically over the last several years. what we are seeing here is john malone the saying let's bring these companies together, let's create some scale on home shopping side of the business, so we can perhaps compete better with some of the e-commerce sites like amazon and walmart, and we can reinvest more into the e-commerce side of their business. scarlet:

there was sharon malone that's vivian malone's youngest sister that's the wife of eric holder. we had the attorney then on the film and the attorney general that day in the audience, who was a journalist and also integrated the university of mississippi, or georgia. so it was very powerful. so we named this award after vivian and we're giving it to a young boy showing a lot of courage in what he is writing so we're really excited about that. >> black intellectual. >> yes. >> jackie. tell us about some of the folks who are coming tor and help you again. it's called ed sullivan in black and white. >> diane carol will join our panel. also the very talented and please forgive me for blanking out on mrs. reese's first name, responsible for the excellent exhibition on pop culture, modern culture at the museum, the smithsonian national museum of african american history and culture. margo, she is a film maker and is also the granddaughter of ed sullivan and the daughter of diane carol. it's going to be a very interesting conversation. >> now tell us about tickets because we need ticke

it is not clear what role john malone would play.a is looking for alternatives with sprint, not just wanting to negotiate solely with t-mobile. emily: sprint shares spiked on the news. t-mobile also up slightly as well. what do you make of that? cory: their sitting on so much unutilized spec growth. they just do not have the money to deploy. they have already borrowed so much money. they want to take that and build out a network. they do not have the cash to do it. a friend in need is a friend indeed. i'm sure they are looking at anyone who has deep pockets to fund that growth. emily: talk about what you think is masayoshi son's greater game. >> they thought they would be able to merge the companies and repeat in the united states what he did in japan by buying the third-largest carrier and making it into a competitive player. he has not been able to accomplish that with sprint. i think he is for some sort of exit from the business. maybe part now and more later. they are two of the best dealmakers in the country and will not provide

billionaire warren buffett and john malone talk about investing in the wireless company. $10 billion to $20 billion. the loan would put additional according to people familiar with the matter. it would dilute the state currently held by softbank. rupert murdoch may have to wait until next year to find out whether the u.k. government will allow his 21st century fox to buy the rest of sky. karen brady does not plan on pushing the deal to parliament ahead of its recess next week. it would not be able to start until september. that is your business flash update. scarlet: let's head to san francisco on more reaction to the sprint news we just reported and a wrapup of the biggest tech headlines as of late from snap to uber. >> technology that covers uber companies, they try to get john malone to them best -- invest $22 billion. >> it has not been at the top of the list of his best investments. this is a company losing money. it slips to fourth place in the rankings of u.s. wireless companies behind t-mobile. verizon, at&t, and t-mobile ahead of it. it has just not gone well. he

take full vo fjense que en ese entonces...el seÑor malone haba escuchado que francia deca ser la capital el se rehus aceptar esa nocin rotundamente dado a la gran produccin de la especie aqu... el se uni con el granjero christopher ranch...le propuso la idea y como dicen, el resto es historia... hoy en da...el festival cuenta con cerca de 200 kioscos con alimentos y vendimias para el deleite de sus visitantes... el costo de entrada es $20 dlares para adultos y niÑos solo $10 dlares... pero lo ms importante de todo es que el dinero recaudado por los boletos es destinado a una muy buena causa...la comunidad... take sot 1 vito marcado vocero del festival de ajo cont. vo/david por supuesto aqu la estrella es el ajo y sus peculiares platillos...algunos hacen del evento una tradicin para saborear sus favoritos... take sot 2 nelda quintanar asistente al festival cont. vo/david que risa...el festival estar vigente hasta las 7 de la noche...as que an tiene tiempo de asistir se est cerca... take david on cam lo prometido es deuda...ya estamos aqu en el kiosco nmero 7...a probar el helado de ajo...

>> reporter: yes we know all the players are here and we mow that john malone has been taking meetings he's been having them behind closed doors and we saw them arrive what we expected going into this week in sun valley is the telecos, the at&t, verizon and sprint are the ones -- those are the ones that have the most pressure on them to make moves now that at&t is buying time warner that deal, of course, pending, there are a lot of questions about what verizon is going to do to try to differentiate its pipes. discovery ceo david zazlov talked to us earlier in the week about how thereby pressure for the telecos to bundle everything together, to make sure if you're selling cable and internet service you'll be selling wireless which is why we've seen comcast and charter have these talks that they are having right now with sprint. the reason why sprint would be interested in bringing in money from warren buffett is so it can better compete with at&t and verizon. a huge infusion of cash from warren buffett would make a big difference and really allowing them to add customers without having

he was at 3.5, 4 bucks, so he's got wiggle room here i understand the malone structure, but it also allows to take his eye off, walk away from a special situation and focus on this. maybe it gets him out of a certain percentage of shares wa warren can come in at a lower price. >> i think your point on what the prices is really important because warren buffett being call into this means he's going to get a deal. if you're home saying i should buy sprint because warren buffett brought in, it's unlikely you're going get the same price that he did so, for me, it's a no touch for right now. because i don't think this means that this particular piece of news doesn't mean that sprint's stock going higher >> i do agree with both guys typically, i would say something like this. you fade it. to all the points they made, but this time in terms of the stock price, i think the it's a little different. you have a pretty significant short of interest in sprint. $10 billion investment is not insignificant in a market cap company and the headline risk to be short the name in my opinion in this environment

george malone recounts the growth of "the wall street journal" opinion page in free people, free market. pulitzer prize finalists explores her family's extile and journey as refuges in among the living and the dead. also this week, israeli journalist looks at the life and influence of israeli prime minister benjamin netanyahu. the program director for the hague center for strategic studies reports on how the internet is being used as a medium for warfare in the darkening web. and georgetown university law professor and formal federal prosecutor paul butler examines the policing of black men in his new book "chokehold". look for the upcoming titles in book stores and watch for the authors on booktv. >> booktv visited capitol hill to ask members of congress what they are reading this summer: >> i am in the middle of reading testimony by scott toroe which is a suspense book that is too close to reality as it talks about the struggles of human rights violations against the burma population. i am about one third through and i cannot wait to get home to finish it. >> one last question senator

course discovery controlled by malone, and viacom controlled by the redstone family.a deal is done with a cash and stock component, as my sources tell me, both sides will have to figure out exactly who controls the votes here. maybe they will be some. class a shares and class b shares, how all three of these structures are -- comedies are structured today. those can pose major competitions to a deal getting done, and i'm sure that's what the advisors of these companies are working on right now. julia: we have seen a similar deal done, the same kind of ownership issues with starz and lions gate entertainment. they had similarly funky structures within them. is that a precedent for how you can get around the ownership structure, a workaround here? alex: absolutely. in fact, one of those companies, starz, controlled by john malone, so the same player here. in the other case, the other shareholder for alliancegate lionsgate needed to cede some voting control but became the largest holder of a shares in the combined a structure. that is probably a template looked at by all

curious -- malone and suddenly they need to connect on some level to get a deal done. , it'sre a match their weird to talk about it, but when you have these deals you typically have that kind of chemistry. >> that's right. joe maloy essentially built the cable industry, now he's goes through all sorts of changes with cord cutting. he has been talking about the isths of special platform about the possibility of cable companies like charter in comcast possibly wiring a wireless company. several there was going to happen. we know that john malone and the chairman of sprint and warren buffett had a meeting in sun valley recently. it sounds like there's a lot of different permutations on the table now. >> talk about content providers and distributors -- i looked at shares of amc networks -- other cable channels also declined. leftned to this company -- behind. >> i think i come is really interesting right now actually. they are sort of at this turning point. they have disney ceo bob bakish -- the idea is to win this -- it's unclear what happens to all of the others that they owned. --ms lik

john malone is involved in the transaction. he is a significant shareholder of charter, and the question is, does he want to get in bed with softbank and all the issues with that company? emily: does softbank have the capital to pull it off? son has been very creative. he closed the vision fund with oftial capital commitments $93 billion. he says he wants to take that $200 million. in japan, the banks have lots of cash. they are offering negative interest rate to lots of borrowers and they are able to lead. softbank has been a solid that in the past -- a solid bet in the past. they own a stake in alibaba that is right now worth over $100 billion. if there is a weight -- a way to extract that capital, they could go after charter and put together a deal. enormous and have a lot of risk built into it, but it seems like they would be able to get the cash. shake upw would this the ecosystem? >> this would be a big transaction. there are four wireless players in the u.s. that is one too many. pressure been a lot of with wireless in t

she played valerie malone. >> i'm home. >> i noticed. >> she's rookie. >> not for the show.ows for a while. >> the host of her own cooking show, working with the charity, feeding america. tiffany and her daughter help serve a meal to 100 el school kids. >> she loved it. she was loving it. >> that's good stuff. >> we'll be right back with her co-star, revealing a major crush on tv. >> travel consideration provided by -- >>> that's a look at "candy crush," now a game show. debuts sunday on cbs. fan favorites from survivor and big brother will be facing off. and judge judy now throwing her gavel into the game show world. we have a sneak peek. >> good night, everybody. >> john hanson, asking people to recall things they've just seen. there's a 20 thousand dollars grand prize. would the show's creator ever compete? >> i'm not great, actually. i tend to see a very large picture, and don't get involved in the minutiae. i'm not so sure i'll be one of them. li >>> "the insider," tracking the biggest stories making news today. >> number one, are ben affleck and brad pitt already movin

john malone controls a lot of these entities.ry controlled by malone and viacom controlled by the redstone family. if a deal is done with a cash and stock component as my sources are telling me, both sides will have to figure out exactly who controls the votes. those can present major complications to a deal being done and i am sure that is what the advisors of these companies are working on right now. ♪ ♪ vonnie: welcome back to "bloomberg best." i'm vonnie quinn. u.s. crude oil inventory sales fell further than expected this week. that's according to the international energy association. giving hope to producers and investors that global stockpiles could shrink and prices rise in the second half of the year. but it is still a complicated picture. iaea head of oil industry and markets neil atkinson discusses the outlook for oil with bloomberg's francine lacqua. >> next week, opec will meet with russia. are they going to achieve more production cuts? >> we don't know if that will happen or not. we have to wait and see. what we ar

chairman and controlling shareholder -- taking investment johnwarren buffett and malone.fett is considering an infusion of 10 million to 20 million. sum -- it would provide a cash infusion to strengthen the struggling wireless carrier. funds posting the biggest gain in three years. , they were able to take advantage of market performance. $23 billion -- jimmy choo with a price tag of about $1 billion. competing with investors from both the u.k. and china saying the holdings of 70% of jimmy choo has the company up for sale as part of the streamlining plans. and that is your business flash update. scarlet: coming up next, we take a deep dive into bank earnings. and reminder if you have bloomberg terminal, check out tv to watch us online. a direct with us directly, send messages to julia, to joe, to me. from new york, this is bloomberg. ♪ joe: i'm joe weisenthal. what did you miss? a bank theme to deep dive with our charts today. oliver renick made this chart and it really puts the postelection trading into perspective. election,the everything shot up. the blue line her

chicago bulls, jimmy butler, judge james, "this week in unnecessary censorship," and music from post malonenow, hang tight, here's jimmy kimmel! [ cheers and applause ] ♪

chicago bulls, jimmy butler, judge james, "this week in unnecessary censorship," and music from post malone here's jimmy kimmel! [ cheers and applause ] ♪

str says the telecom company met with billionaire investor warren buffett and separately with john malone regarding a potential the details are unknown, but the report noted that buffett could put mo into a transaction. bloomberg also reported buffett is considering vesting as much as $20 billion in shares jumped to $8.55. >>> anthem is suing therapeutics for alleging the drug maker lied about patient's diagnosis so it could receive reimbursements. they said the scheme cost them more than $19 million in p payouts. they have been und ongoing investigations for sales and market prakties. anthem shares were up a penny while shares fell 5% to 12.15. >>> astrazeneca has remained tight lipped on a report that said the ceo was planning to stay in his role at the company for the foreseeable future. this news contrasts with earlier reports that the chief xhexecut inteva. astrazeneca rose more than 4%. shares of teva down roughly 4% at 31.90. and shares of a ten networks fell after the company shook investor last night with its preliminary result. weaker performance in its north america and japan m

chicago bulls, jimmy butler, judge james, "this week in unnecessary censorship," and music from post malonew, hang tight, here's jimmy kimmel! [ cheers and applause ] ♪

i think you want to look at this as a long game and one of the early moves in john malone's chess matchause he does think way ahead. he's tax e verse, anything that happens out of this combo will not result in a large capital gain for discovery communications if it passes. >> and barton, does this lead to other mergers in this category you know, there was talk that viacom is also interested in scripps. what are we going here do you think? >> well, look, i think it makes more sense for scripps and discovery to come together one of the reasons is that skrips is trying to expand internationally. that's one of discovery's strengths. to john's point, has spoken about combinations of free radicals so to think there could be some snowballing consolidation push through, you know, this entity to look at the others that he named, makes sense you know, i think generally, tv network companies need to look at a consolidation stage you know, i think this is a maturing industry with pressures, scale helps handle some of these pressures. i think generally, nma is one of the themes in the group. >> yeah

that's moses malone stuff right there. >> tom: upstairs. they throw behind the runner and he is back. >> john: this is a busy place. i like it when they might not hit me a ball for three or four innings. >> tom: a swing and a miss. two outs. >> mike: okay. you get that kind of fastball right there, what's the deal with the 3-2 slider to the guy leading off the inning? >> tom: to a right-handed hitter? i don't know. >> mike: down and in off the plate. >> john: you're the smart one here. you went to college, right? >> mike: not harvard, though. >> john: how many years did you go three? >> mike: what do you mean? you don't think i graduated? i graduated early. i got all my credits. it took me four years and one extra quarter to get out of there. >> john: so you are the smart one. >> tom: what was your degree in? >> mike: business administration. >> tom: john, you have to get him involved in the cheese steak business. >> mike: by the way, i'm working on an appearance for you now. you may not even know about it. >> john: i don't. >> mike: i am.

scripps network by the scripps family, discovery by john malone , and viacom controlled by the redstonesh and stock component as my sources are telling me, both sides will have to figure out exactly who controls the votes here. those can prevent major competitions to a deal getting done. i'm sure that's what the advisors of these companies are working on right now. ♪ ♪ vonnie: welcome back to "bloomberg best." u.s. crude oil inventories fell more than expected, giving hope to producers and investors that global stockpiles could shrink and prices rise in the second half of the year. it is still a complicated. -- complicated picture. 's had spoke -- head spoke with lumber -- with bloomberg. opec spoke with russia . will they achieve the cuts? guest: it has been reasonably successful. for the month of june, the latest date of which we have reliable numbers, it looks as if the compliance rates have slipped a little. we will have to wait and see what they decide. opec is responsible for its own decisions, and we are observing it just like everybody else. reporter: i know it is extremely diff

that cable mogul john malone with the carter communications.he meeting possibly about investing in spring. the talks are preliminary. all of this according to the journal report. since comcast has been in exclusive talks about an agreement that would allow them to reach a wireless service under their own cable brand, merger talks with t-mobile. >> that could be a major deal. cheryl: sprint with regard to prior during gamble. >> investor with the plans with 3.3 of alien p&g stock. the move would make p&g with the market rally of 22 billion the largest company to face a proxy. it would mark a new milestone with the biggest u.s. companies in recent years after five months of discussions when they reject the demand for trained to name the director last week. lea: let's talk about movies for a second and tv shows. reporter: most people were up late watching "game of thrones." hbo's website was no match for the "game of thrones" fans last night. hbo's website crashed during the seventh season premiere. people who tried to watch a man got an error mes

john malone own a lot of the entities.with a cash and stock component as my associates are telling me, both sides will have to figure out exactly who controls the boats. those can present major complications to a deal being done and i am sure what the advisors of the companies are working on right now. ♪ vonnie: welcome back to bloomberg best. inventory sales further than expected this week. giving hope to producers and investors that stockpiles could shrink and prices rise in the second half of the year. it is still a complicated picture. 's neil atkinson discusses the outlook for oil. >> next week, opec will meet with russia. are they going to achieve more production plants? >> we don't know if that will happen or not. what we are sure about the moment is that although the opec agreements and not opec agreements has for the six-month in a whole as it has been operating has been reasonably successful. for the month of june, the agreements haslatest data for wt reliable numbers, it looks as if the compliance rates have set

george malone recounts the growth of the wall street opinion page in free people, free market. and exploring exile from lativa in among the living and the dead. and israeli journalist ben casp looks at the life of israeli prime minister benjamin netanyahu. and the director for the hague center of strategic center reports on how the internet is being used as a medium in warfare. and paul butler examines the policing of black men in his new book choke hold. look for the titles in bookstores this coming week and watch for the authors in the future on booktv c-span. >> booktv recently visited capitol hill to ask members of congress what they are reading this summer. >> i am reading a book i am really enjoying. tom fredman's latest "thank you for being late". i am a big fan of him. he did my alma matter back in april. i think it is an important bridge as to where we are in technology today and where we will be in the next ten years talking about morris theory and things going on. i am usually reading multiple books. i just got meechm's book on president andrew jackson. looking forwa

most importantly he is sharon malone's husband and father of three children. interestingly enough sharon's sister was vivian malone jones who was one of the first two african-american students to enroll in the university of alabama in 1963 and would go onto become the first african-american graduate in 1965. i'm going to ask you to please stand to your feet and as prosecutor mosby said, to welcome our warrior, eric holder. [ cheers and applause ] >> thank you. [ applause ] thank you. well, good afternoon. i want to thank you for that very kind introduction. that was a lot of research that went into that. you can come up with the where my parents came from and grandparents came from in barbados, that's good. that's real good. it's an honor for me to speak to an organization that we need now, i think, more than ever. and i would like to make a point and privilege somebody's name mentioned before, we need to understand who she is, juanita gupta, who was the head of our civil rights division when i was there. [ applause ] she's now the head of the leadership confe

>> where does jonhn malone fit into this? in as an investor and interest kbloeglobally and interests there. what the conversation is allegedly occurring right now based on some prior news report. >> why are they having trouble getting deals done with t-mobile >> i think it is a difference on price. >> when it is reported excluded a lot of expenses or capitalizing their phone expenses >> so georgia telecom is smart enough to realize that it is a lot lower than that. it is a price difference in view between the two companies. they'll have to get telecom with the fact that regulators will not approve this there is tremendous energy that exist and ideal that's going to have to be agreed. that's probably means of a much higher price than t-mobile that a lot of people are thinking right now. >> like what >> sprint is at $80, then t-mobile should be at $90. >> that's the fair ratio on these two companies. >> $10 million from buffet alone, the company is talking about generating cash flows and operating great network facing low capit

malone is involved in many, many other media and tv operations.aybe in the case of it is maybet now less of an obstacle than it used to be. on the viacom side, the redstone inily is clearly strong viacom and cbs controls both of those. flexibility ined their approach to viacom when they wanted viacom and cbs to merge and not trying to force it through. i think they are still very interested owners and i think this is maybe where the viacom-s cripps angle may be coming from. julie: tim nollen, thank you so much for coming in. nejra: time now for the bloomberg business flash, a look at some of the biggest business stories in the news right now. morgan stanley has become the latest global bank to choose frankfurt for its post-brexit european trading base according to people briefed on the decision. morgan stanley will move its european broker-dealer business to frankfurt from london. the asset management operations will move to dublin. written may now be able to -- britain may now be able to take back control of its favorite dish. we are talking abou

and billionaire john malone set toes interactive is put hsm under one roof in a 1.3 billion dollars dealeal. when it comes to market, it is not just tech stocks.

would we see some of these free radicals, which is the term john malone used for some of the smalleredia companies? will we see them get together? this discovery/crips deal is what the market was anticipating to take place. high quality cable companies getting together to get more scale. vonnie: they are pay $90 a share, assuming a hefty chunk of debt. 34% premium. is it a good price? paul: it is a full price. before you factor in any synergies. when you put these two gary similar companies together, there will be a lot of synergies. they're in marking $350 million of synergies over the next couple of years, so that will bring the multiple down. it will be a creator for the shareholders. discovery shares are down 5% of 6% in the early trading. mark: paul, let's talk about charter. japann is well known in for having inquisitive boots. he has them back on again, paul. he's eager to make inroads into the united states. but some investors are hoping that he would be deleveraging as far as leveraging. paul: i don't think this is what investors in japan were looking for. this is to the ext

i don't think john malone, the controlling shareholder of charter, has any interest in doing that transactionk and saying softbank, parent company out of japan might be making an acquisition of charter. i think what he is trying to do -- one of his biggest assets is sprint, a damaged asset, the fourth wireless carrier in the market, the smallest of the big four. combining with a landline cable companies seems to be in his mind the way to fix that asset and bring sprint into a competitive position. i think this will be a difficult transaction to propose, much less to close. >> is sprint off the table? paul: it is never off the table. if you look at the three and four carriers, sprint and t-mobile should merge. assets tod pull their be a more competitive competitor to verizon and at&t. jonathan: do we have any idea what he wants the company to become? often find this company's name in so many different stories across different stories and i think, what is he doing. paul: for the sprint asset, he is simply trying to shore it up. one of the ways to do that is combined with a strong cable company.

shareholders this was approved by the scripps family puts the scripps family now back in business with john maloneho they own cable systems with years ago. with the newhouse family who they were partners in the newspaper industry and also at the end of the day the family like me believe this was the very best home for our employees. the opportunity for our employees and our brands to do things with them frankly that we would have clalchallenges based fact we don't have the international infrastructure it's the best deal and the best partnership. >> the thing that makes -- >> can i ask one more question though >> financially -- >> go ahead. let me ask synergies. $350 million is the number you using. frankly, a lot of people think it's low, david. it has to be a key driver. >> we think it's low we did a short diligence period. that's what we have our hands on now. it's a one over one company. we do a lot of the same things but when we look at this the thing that is really attractive is not just the cost synergy you put in this cost synergy and we think it should be higher, you get -- we're buying th

nbc's chris malone has the latest. >> reporter: senate majority please moderate and conservative republicans, looking for 50 votes to repeal and replace obamacare. now it has fallen apart. mcconnell admitted the replacement of obamacare will not be successful. he says the senate will soon vote just to repeal the health care law, phasing it out over two years with no immediate replacement. it comes after kansas senator jerry moran tweeted along with utah's mike lee that they are now against the senate bill. joining rand paul and susan collins to effectively kill it. >> the senators went home for july fourth and those who heard from their swifts heard overwhelming opposition. >> reporter: the president is on board, tweeting monday night, republicans should just repeal failing obamacare now and work on a new health care plan that will start with a clean slate. >> and we must repeal job-killing obamacare. >> reporter: trump made repealing obamacare a cornerstone of his campaign, prodding republicans again monday at the white house. >> vote no your job is on the line. >> reporter: but in recent m

malone -- miller fellowship and the casey fellowships at the university of maryland. we are deeply honored to welcome ambassador of bonnie to the d.c. 2017m as part of our ambassador series. [applause] [indiscernible] >> good evening ladies and gentlemen. before i begin i would like to thank tony and the remarkable council for doing a andof organizing this event for their unwavering commitment to education and providing a platform for open dialogue. ladies and gentlemen, if you have been following the news from the region i'm sure you're well aware that qatar is under a blockade. saudi arabia and the united emirates into bahrain have imposed a illegal political economic and social blockade against my country. this country decided overnight to close down all borders and airspace. stop the flow of food and medicine during the holy month of ramadan. expel all citizens from their country. these, serve enough for them. they forcefully recall their citizens from qatar, caring families apart. mothers from their children and wives from their husbands. silencing the people fro

john malone's liberty media, they may be investing in print, 10, 10 to $20 billion. with that talk, it gave a boost to sprint. melissa: i can't believe with new record banks would end lower. you have to like banks if you like the market. nicole, thank you. >>> it has been a huge week for oil, ending up more than five%, near two week high. getting a boost today from the u.s. dollar which fell to a 10-month low. charles: all part of the bigger picture. with stocks soaring to new highs nicole is talking about, one big name in investing world jim grant, who has been sending up investing flags. listen. >> there is more risk than rewarded in this market with stocks at current levels are worrisomely high. interest rates are absurdly low. we are unreasonably complacent with respect to the capacities and judgment of the federal reserve system and central banks generally. and i say, that now is a great time not to be caught up in the crowd which has to invest as if by compulsion. connell: ah-ha. with us forbes media chairman, steve forbes. former investment banker carol roth.

>> you have malone on the discovery side, redstone's on the viacom side, and the scripps family, we dowhat they are thinking on, but now is a good time for them to sell. they were on the top of their game late last year, they are coming off of it as their itings start to decline, so think now is a good time to think about partnering with somebody. julie: this will certainly be interesting. our thanks to our bloomberg economist, and you can find her column online. a time for the bloomberg business flash, look at some of the biggest stories in the news right now. thousands of the time as vehicles have been approved to hit the road while regulators develop safety standards and state rules. panel unanimously approved legislation. and the full house legislation and commerce committee could vote on the bill as early as next week. the convictions of two former bank traders have been talked down by a new york federal appeals court. anthony allen and anthony conti's testimonies were deemed invalid. allen received a two-year prison sentence, conti received one year. the banking -- bankers could

she will have john malone as a major shareholder.ee how she works with that. has a big shareholder, the founder of easyjet. she knows a bit how to navigate around that. still, some disruption that faces -- that she faces up a new company at itv, and lots of challenges there as well. , thank you.kt brexit talks are set to get underway once again in brussels. david davis is seeking to make progress on citizens rights. this comes as the british government faces increasing pressure. joining us now is the global head of asset allocations. draw myrexit front, you attention to the strong performance of some u.k. assets in the wake of brexit, notably stocks, those with substantial earnings of course. how much of a distraction is all of the infighting amongst not just the conservative party, but the u.k. political establishment at the moment? guest: the wheels of this process, it is a massive element of improvisation in the way this is proceeding, isn't it? i am encouraged by the kind of shift in the government's position. it looks like a roo

. >> it's part of a malone touching everything and part of his ecosystem and to the degree that that is a company he has control over for five years it can become a vehicle to do a lot of interesting tax dynamics. we're waiting for the tax rules. there's a lot of things held up until we figure out the effective date of taxes, how it handles corporate distribution sz and so on and the rate. the stock is selling -- 58 million shares of stocks 60 times 25, 1.5 billion you have 7.5 billion in debt you have a real estate play in the battery, you have the stadium and the team the team has moved into an area which is quite vibrant, but live entertainment, live entertainment is going to be very hard to be displaced by these other forms of entertainment. whether it's live nation in terms of entertainment, whether it's beyonce, whether it's music publishing is also another area. this is a very interesting company over the next three or four years. >> jay, thank you again. >> thank you. >>> let's talk qualcomm. one of the worst performing stocks in the s&p. that's after the company reported a 4

malone and univision would be different. it's a horizontal deal univision is focused on a particular audience. i don't flow about that. at least in the deal community, maybe we're seeing what we want to see but there's a sense that the trump administration will be more accommodating on mergers. >> even in media the president himself -- >> as a candidate he made a comment about that during a pretty intense period in the campaign it's hard to see that being blocked. it's pretty unique i don't think it's going to -- >> let me ask you one pore questimore question about that. there was a piece asking about whether cnn should get spun off because it ultimately would create headaches for a company like at&t. >> there's been rumors of a plan already in place for this. though it's gotten knocked down. >> well, it -- anything is possible when you mix-up all that many assets, you will realign things. that happens all the time. i don't really -- it's hard to speculate on that sort of thing. but when you think about the world today, and

admiral malone, is the "ford" designed to have more life in it? if so, is there a gap between the new one and the ford? >> yes. if we go on the submarine side, the lifeship core, we look at what it would take to get to a core 4 class. and techtechnologically, if you going to keep the ship for 50 years, you have to bring it to a midlife overhaul anyway. and the refuels portion is only 10%. that's not the critical path. so we concluded that from the cause standpoint to make sense to keep the refueling there. we will refuel. the ford class, let me do the math in my head here. so ford delivers, yesterday she'll be around for 50 years. so her first time would be in 2040. add 20 years to that, so the last bush was the last in its class, she'll be around until 2057. so her midlife refueling, i can never do math in public. that will be in 2030. so yeah, there will be a little bit of a gap in the refueling program. between when we refuel the last of the nemits class and do ford. essentially, the gap is going to be delivered -- we delivered bush in 2008/200

of interests from shareholders including the 20% shareholder liberty media and its chairman john malonehas no interest in pursuing a hostile deal to require charter. it is likely that he's to move on masa is intrigued and in f intrastructure of charter, it attracted verizon to discuss the anthropologi possibility of buying charter last year. finally why masa maybe showing strategic flexibility and pursuing a merger partner for sprints. his action is receiving by some as having a hint of desperation, given his talks of merger partner t-mobile have not really gone anywhere. tyler. >> how would you handicap the likelihood of a deal actually happening here what you just described sounds like a five cushion bank shot. >> that's a good one i think you are probably right it is unlikely, however, masa to the extent that he knows he's got to do something for sprint is willing to try to do a lot of thing and a lot of shots but however they run and actually go in i would never discount it completely he's an extraordinary determined person it makes it unlikely charter is out there right now and the

ever seek to make -- i just don't see it, ever seek to try to do something enormous in content with malone's idea that you spin espn off and, you know -- or would disney try to do something to try to buy netflix? even though it would be massively dilutive, those are the deals involving disney, but they don't need to do something. then get to viacom -- but we were talking earlier, if this quarter is at least a sign of what may be to come. maybe thap won't feel as much pressure as verizon to move to the content arena the way that at&t has aggressively. >> it's in the air you know what's lucky we have? gary kelly, because this is the worst stock. i'm dplad we have them because i've never seen southwest down this much >> yeah. >> stock got below 54 this morning. bounced right off 2900 -- >> that's not that bad for goodness sakes >> gary, good morning. >> i assume they are looking at unit revenue up 1-5, which is not what peers have posted, what do you tell them >> it was a great quarter. it was right in line with our expectations all quarter long going back to april. and we did 1.5 over last yea

. >> malone is a savvy, savvy guy. >> it seemed ridiculous yesterday but because he's doing it it's as. >> that's true up next, finally, facebook is at it again the verge says it will launch a group video app to resemble house party which if you haven't heard of i've read about but can't use it made a lot of inroads with younger users-ins particular does it mean the house party is over >> never have to know first. >> do your daughters use it? >> no, at least, you know. >> that you're aware of. >> that wouldn't be the first time. >> yeah. facebook is obviously kind of got that amazon role in social media, but i don't know that every single one of this place is the first mover, so, you know, the joke is they can kill whoever comes along. >> i think if they are smart enough to copy the really innovative and catchy app, then that's probably good enough for most of us. >> if they decide not to the buy it and copy. >> we can do it ourselves. not that hard. >> new york real estate is reaching eye-popping prices, getting used to that up here why the demand for luxury apartments in manhattan s