mr. murdock's, google's, amazon's, as high as possible. i think mr. murdock went into this, based on my sources, that he knew they would reject the initial one so he'd have to come back again. >> that's pretty common. >> this guy plays the game, mr. murdock knows what's going on, 15 steps ahead. >> culturally speaking do you think there's an aversion to rupert murdock in the elite halls of the time warner board room? >> maybe. there's no aversion to money, though. that's the only thing that matters. ly tell you this, i can't tell you who is going to ultimately win. i talked to my sources out there. they tell you one thing you don't bet against, you don't bet against mr. murdock. he's one of the best in the business. i can't guarantee he's going to win this. >> he could lose. he tried to get the "wall street journal" and they said no, no, no and finally said yes. >> this is a different ball game. this is a company that's done well. its stock has done well. it could do even better and could get another bid. i think based on my sources, i'm a little scare

mr. murdock was there.n what is happening. >> there might be an announcement with time warner and they sent me for one day and i get there. this is the head of security, a guy named brian cogley. he's actually new york city police officer. liz: we love nypd. >> for me to get cross with a cop especially in new york city cop, john miller is a friend of mine, i know a lot of people. i like these people and they like me. ray kelly i adore and he knows me and a defender of new york city police. this guy-- first off we kind of wandered into an author record or private meeting, which i had no idea. his cops come in start manhandling my producers -- two of them. liz: let's expand who is there. sheryl sandberg of facebook, they are all there warned buffett. >> we go to this private thing and we just walk in and all the sudden we were getting pushed around and i told them in very colorful language-- liz: what were you saying as you were pointing your finger? >> the next morning this is what happened. the next morning

mr. murdock eventually whenever that day comes. do you want to do that?could be one effective weapon time warner refuses to use. in terms of the logics, strategically, i have not spoken to anybody who disagree there is is a combination that makes sense. >> okay. >> that was unbelievable. when you hearding didn't you go, oh, it was crazy? >> yep. >> big news. >>f haveing time warner again. >> i heard. >> as you can see, folks, we are here at the delivering alpha conference. we are awaiting treasury secretary jack lew. he's going to be speaking here him we know he will be speaking about cyberspace. obviously, there are a lot of other things he will be asked afterwards. jim cramer will be quebec him after that speech. we know he will get into inversions and other stories. you are watching tyler mathisen on stage right now introducing jack lew, setting him up tore in. >> is that the moderator sports coat going too with the slacks. >> you started out with the jacket. >> no, it's not a suit. that's a more casual, i mean, i would do that, too, if i was moderatin