one is in mountain view northbound 101 at moffett and traffic is definitely slowing right now as you make your way on northbound 101, some brake lights from 237 up towards moffett so keep that in mind and another crash also in the oakland area southbound 880 past embarcadero. i have a couple new accidents to tell you about and i will have that in my next report. >>> developing news, investigators say that there has been a second package explosion. the u.s. post at service says both packages were delivered to homes through the mail, one at a police officer's home in alameda, the second at a home in east palo alto. the man who opened the package suffered burns to his hand. >> what was most suspicious about it is it's a jewelry store box, none of us had ordered something like that and it's something that would pique someone's interest, they would want to open it. >> investigators will not say if they think those incidents are connected. >>> this morning starts the fourth day of deliberations for the jury considering the kate steinle case. >> the jury has to decide if the defendant inten

. >>> for more, let's bring in craig moffett. always great to have you with us. >> great to be back. >> what do you think happens >> first, let's depoliticize it for a second perhaps the president approached the doj, but let's assume that's not likely the case and this is really about a legitimate argument for a vertical foreclosure. here's the problem and the reason in theory it could raise prices that is that 70% of the world -- or of the country consumes time warner content through some platform other than at&t, now that at&t becomes a supplier to its direct competitors, it has an incentive to raise the price. >> so, in other words, i'm a verizon fios customer, i stream hbo and hbo go at&t now owns hbo in the future, so therefore i might have to pay higher priced? >> and by the way, comcast is goingto be acquiring content now from its direct competitor at&t that it's also direct competitor in at&t, so at&t has an incentive to raise the price to comcast, to dish network, it has an incentive to raise the price to everyone else o

craig moffett is on the line, thank you for calling in what do you think of verizon jumping into the pool? >> frankly i would be a little surprised about either comcast or verizon but verizon has always said they're not interested in content. and while i suppose it makes sense to explore, they haven't shown all that much interest in following the at&t blueprint or trying to vertically integrate and now with the department of justice questions about whether that deal is possible, i'm not sure they would be in a rush to do it. >> yeah, i actually want to play you a sound bite, from the ceo of liberty media, this is what he said about those vertical deals. >> how many subscription services are consumers going to step up for? disney for fox, don't know, but my guess that was about getting scale, trying to increase their -- >> for disney? >> for disney, for direct to consumer offering. throw that in with a challenge, the government by entering into the time warner/at&t merger discussions has thrown all that a wrench into anyone's plans i don't know how you can announce a big media deal to

we had craig moffett a couple of weeks ago. >> was it? >> two weeks ago >> time stands still we'll say, and we made this point then, they have no etf growth, they've multiple debt issues i would submit, and we did this a couple of weeks ago, 10 1/2, 11, they're going to earn basically $2.95 a chair. it traded below 33 today my point is i still think there's about 5% downside. >>> coming up, shares of apple, check them out, surging to all time highs as it crushes earning, now a $900 billion company. when you hear what gene munster has to say, you might be tempted to buy the stock right now i'm melissa lee, you're watching "fast money" on cnbc, first in business worldwide here's what's coming up on "fast. >>> what does the nomination of jerome powell to the fed really mean for your money? here's a clue. >> it's easy money >> it sure is. we'll tell you the stocks you want to own when "fast money" returns. the amazing new iphone 8 is at at&t... and we know you'll love it. because we know you want more. more great camera features and more powe

. >> craig moffett >> mr. moffett talked about the pitfalls, i know i'm getting old, but the pitfalls at&t has in front of them now that gets you down to a $31 stock. >> that's your time warner trading at 12, 13 times. why does disney deserve to trade it up? >> they don't deserve -- >> why does time warner deserve a premium? >> look at what people are bidding for, look at what assets they're bidding for. why would disney be interested in fox, a, and the only thing the justice department wants at&t to divest is the good part? >> let's close the loop on this. the other venture we're going to choose -- >> no, can i tell you something? so the republican administration breaks up this vertical deal and -- >> we have a limited amount of time >> -- comes in and buys time warner so you're going to let the japanese buy it? it's the most ludicrous thing on the planet >> there are a couple of scenarios that could happen. the other scenario is that the deal doesn't happen. what happens to at&t and time warner >> well, if t

>>> someone just called the chp about a new crash in mountain view so just reported north 101 at moffetty be in the left lane, chp is on its way right now. live shot of the bay bridge toll plaza shows the usual delay backed up towards the foot of the maze right now. it's been a pretty quiet ride but you will find some of the normal brake lights on that westbound 80 ride for head lights moving through emeryville right now. so the drive times, westbound 80 that's the middle bar there from highway 4 to the maze 22 minutes, not horrible. westbound 4 as well slow and go from antioch to hercules, 38 minutes, but it is a good ride on northbound 87 through san jose. reggie, natasha. >> thank you, frances. >>> developing news out of san diego, a group of protesters fighting to repeal the state's recent 12 cent gas tax. organizers have until march to get 584,000 signatures to put that issue on next november's ballot for a vote. governor brown signed that tax into law in same and it went into effect earlier this month. leaders are joining the community to rally for a repeal effort. the tax is expec

headquarters are right here in mountain view, close to high- tech giants and across the street from moffettal airfield. the location is a deliberate choice. >> this is globally known as the innovation hub of the world. we want to be in the middle of the action. >> reporter: the unit moves quickly, entering into pilot contracts with commercial technologies, usually in under 90 days. >> if we were going to work here with startups, we would have to move with the speed the startups work at. >> reporter: they fund projects across all-tech nothings, from drones to artificial intelligence, microsatellites, machine learning and advanced analytics. in the past 18 months, the diux has awarded $180 million to 60 pilot projects including the makers of halo sport. >> maintaining national security especially in light of all the current events that are going on is certainly important for us as an organization. >> reporter: recently, secretary of defense james mattis paid diux a visit. he made it very clear that he supports the effort. >> and so we're going to use this team work here in order to make our m

the moffett. so. please. yes so and this is how the good. old son. wants. to see. i think. if they are not in favor of it coming. to the border of. other side i think it came the old impression of confrontation that's a mistake of the west especially by the americans also on the. bone. seventeen. society on. the other countries followed russia's example. the recipe for universal happiness remains if you sit. still searching to this day. can we even remember the events of a century ago and if so why is that we went out in search of people who view russia's nine hundred seventeen revolution as a global event. first of all we went to visit a leftwing ideologist and famous french philosopher. so i was all surprised maybe it's not a surprise at all if your books focused on the loss of teeth. and. it's difficult for me to address. the world as you idiot but take up a pretty cheeky feet as if to post yeah. your post gone to the net imo not required but a little present in a push to be did you know you do do you know how to. do many deed to preclude. good use it. tell me if i am th

but analyst craig moffett says it's not a slam dunk for either side, complicated in a landscape where it would be a rival to other media giants. >> 70% of time warner content is sold to someone other than at&t itself. it's sold to comcast, charter, dish network and so on. at&t, because they directly compete with those companies as distributors, has the incentive to raise costs to competitors, which will ultimately raise prices to consumers. >> reporter: what happens next in this case will be watched closely as an indicator of whether future media deals will be approved. for "nightly business report," i'm julia boorstin in los angeles. >>> the federal communications unveiled plans today to repeal obama-era rules governing the internet. that could give internet providers broad powers to determine what websites and online services their customers can see and use. the vote on new rules is scheduled for next month. roger chang is the executive editor at cnet. he joins us to talk about why this is important and what it could mean to you. good to see you, roger. >> thanks for having me. >> w

the moffett. so. yet you all this is all the good. old. us. good. luck. going on in kim's only. does she don't consume the gel you've been talking to a little jellyfish dealing with her saying i'm done mostly in that equal distances wasn't what it was a stance me going on in jindo moisten this would all be done still named the way that to those off putting in a zone is a zillion times out of us it all took the sitting on. the. news or you believe in pretty. good. just good quality. little bit of. a proxy war between two of the biggest powers in the middle east to iran and saudi arabia has escalated directly affecting other countries in the region. almost a million people have taken to the streets of boston alone are outraged at madrid's crackdown on film but have someone leaders who are behind the region's independence declaration. a highly anticipated formal meeting between donald trump and vladimir putin fails to materialize for the pad the charts on the sidelines of the apec summit and agreed to cooperate on syria. the u.s. justice department demand.

. >> moffett is the best. >> dollar gen, sister. >>> see you back here tomorrow at 5:00. "mad money" with >>> my mission is simple, to make you money i'm here to level the playing field for all investors. there's always a bull market somewhere and i promise to help you find it. "mad money" starts now hey i'm cramer, welcome to "mad money. welcome to cram america. other part-time want to make friends i'm trying to make you money. call me 1-800-734-cnbc or tweet me @jim cramer this is it, there is the week where the big institutional money maskers anoint they're best stocks and start buying them hand over fist. the s&p advanced 1.3%, nasdaq climbed 1.2% the institutions feed to build larger and larger positions so they won't look like morons when they have to show their clients what they own at the end over the year so, how does the stock become anointed first they have to be having a great year third you need to believe nothing goes wrong for the company between now and year end. that's how you get an anointed winner i'm about to give you some subjective names these are my

google has also broken ground at nearby moffett field, leased from nasa, for another campus, that includessing. >> we're growing every day, we're excited to be part of the lowest unemployment rate in the bay area. >> reporter: rebecca prozan heads local government relations for google. >> i look forward to the conversation with mr. siegel, with the neighborhood, with the community to figure out what should the future look like. >> reporter: but siegel sees google, which has inspired shopping centers, housing, buildings, roads, turning mountain view into a company town. >> yes, it is a company town in that it's controlled by whatever google wants here, they pretty much get, and by the fact that developers want to support that as much as they can. >> are you going to essentially take over mountain view? >> no, we're not going to take over mountain view. we want to be thoughtful and intentional about how we are in the community. >> reporter: a so-called company town like detroit can be dominated by one industry, like automobiles, says stanford law professor michelle wilde anderson, who has be

because of insurance were largely blind of what they are paying of healthcare >> good comparison craig moffett. >> thank you, david, he's going to work the phone. we'll head back to jim cramer. >> hey jim >> we are at the biggest celebration happen in san francisco and it gets bigger every year tell me the size of it and what you are shooting for, marc benioff. >> people can join us and see the show and see what's happening here >> you are setting a goal of $20 billion in reserve news. you just did 10 billions, too ambitious? >> no, we are going to double this company again we are going to do more than $10 billion this year and we'll fast track it to 20. >> one of the things we have been talking about how fox and disney, talks are on right now i would suggest fox boost, foxx seems to be about finding millennial consumers in order to find consumers and keep consumers, they need sales worth, how does this happen? >> every company is getting closer to their customers. it does not matter if you are a b to b customers or b to c company. >> fox is no different and all of news course are in no differ

. >>> with time warner, for more on this, let's bring in craig moffett. thanks a lot for phoning in, short notice we appreciate it. >> my pleasure, michelle. >> it's melissa. >> i'm sorry. >>> that they're demanding a c.n.n. sale what's your take on whether there will be asset sales? >> well, you know, we've said all along that it's likely that at&t would be president trump signaled that was his personal problem with it, so it will raise eyebrows if that's the structural fix they're looking for considering they were up in arms over at&t having control over entertainment content what did you see initially as the sticking point, and if it's just the sale of cnn that's a pretty good deal still from at&t's perspective. >> what at&t wanted and still wants out of this deal is the ability to create phone content bundles with telecom that's -- well -- while they have said they would still like to own the cronn business and think it's good business, it's certainly not a make or break asset for whether or not at&t would want to continue to do the deal. >> they are

. >>> joining us to talk about deal making is craig microsooff co-founder of moffett nathanson.es at&t have against the government. >> look, they've -- what they will argue is that first the real competitors here are google and facebook not the traditional comcast and dish network second and maybe most importantly, time warner's content or turner's content is nice to have but not necessarily must have. you can't hold your competitors hostage by threatening to withhold that content. the really interesting thing yesterday, though, was in at&t's reply comments the night before last, in at&t's reply comments to -- in the case, they effectively volunteered and made bind ago set of behavioral remedies that would have been what you would have expected the doj to recommend. >> because it's the same as comcast nbc universal. >> and it really gets right to the heart of the doj's case which is that you could raise the price of content to dish network, comcast and what have you. so that have sort of neuter it had doj's case in a very preemptive way it will be interesting to see how the judg

and later we will talk about craig moffett, we had nathanson, yao we're ba now we're back to more fet wchating "squawk box" on cnbc will they stay true to their words? or did they promise you one thing... only to do another? right now, congress is talking about tax cuts that will add trillions to our national debt and hurt our economy. it's time to tell congress... don't borrow more money from china. and leave more debt to our kids. keep your word. tax cuts shouldn't add to the national debt. i am the proud father of aeness very strong little girl named adelaide who was diagnosed with infantile spasms an incurable and debilitating form of epilepsy. it's been a devastating journey that has robbed my baby girl of normal development. that's why i have launched the my shot at epilepsy campaign and i'm asking you to join me. take your shot at the hamilton pose, donate to help us find a cure, and lastly, share it on social media. this is our shot to take. learn more at: myshotatepilepsy.org >>> u.s. equity futures at this hour, had a solid session yesterday. down most of the morning, then d