rupert winfield-hayes in that tale of two cities. thanks, rupert.d to talk to you. >>> now let's get all the latest business news. aaron is here. or he's over there. eurozone finance ministers gathering in brussels. and as always, a bit of a row, but there's a lot on that plate. >> maches it sound more interesting than that. those ministers are gathering in brussels to discuss this growing row over the eu budgets. but look, there are more problems looming in the eurozone. new figures indicate that the powerhouse germany, its industrial production rose less than expected in september. it is a sign that europe's biggest economy is continuing to struggle. and on thursday, just yesterday, we saw the ecb, the european central bank saying that it was poised to help bolster eurozone growth if necessary. also this week, the european commission cut its growth forecast for the eurozone to just 0.8 of a percent for this year. that's down from the previous expectation or estimate of 1.2%. lots to talk about. let's get straight over to berlin now and talk to dr.

with me to discuss is rupert goodwin. first of all, what does it do? >> it attempts to steal information from your iphone. mostly it's trying to steal information. >> now, this has been seen in china. is that as far as it's spread so far? >> yes, to get it, you have to do quite a number of strange thing. you have to download illegal software from a chinese software website, put it on your mcintosh computer, then plug your iphone into the mcintosh, and then accept the questions they ask you. so if you're just using your iphone wandering around the place, as normal, stuff over wi-fi and telephones, it will be fine. >> and to what extent has it spread already? >> maybe 300,000 downloads of the infected software from the chinese site. >> right. and would you know if this thing has got into your system? >> well, you would, because your iphone will be asking you to do strange things, like say yes to keys you've never seen. you can also download scanning software to check for its presence on your computer. the question is other software then takes the techniq

. >> do you think that rupert murdoch will make a renewed push for time warner?timearned in in this business that you never count rupert murdoch out of anything. >> is that perhaps a yes? >> perhaps a yes. ise again, rupert one of the smartest man in our business and god knows what he will do next. >> you have been investing a ton of money and content. thursday night football is helping to attract viewers. sports overall has become pretty expensive. is there a point when the return on investment is not there or does the audience have that insatiable and appetite for sports programming? >> we have invested in at 4 major sports, the nfl being preeminent, the ncaa college basketball tournament, and golf. we have long-term deals on all of them. we make a profit on every single one of them. as i said, they are long-term deals. some of the other deals we are not even looking at. we are happy with what we have an we can make a profit and the fact that we have these deals allows us to amortize that cost and friendly, in terms of football, it is still among the best progr

families are actually being supported by the government even before the typhoon hit this area. >> rupertd-hayes with that report in tacloban. >>> more now on the europe discussions, which we were talking about a little earlier in the show. speaking a short time ago in helsinki, the british prime minister david cameron has made it clear that the row over the surcharge, the extra payment that now is being demanded by the first of december, could lead to difficulty if no one can reach a deal. >> i think i have given a very clear answer, which is the two elements that i said were absolutely clear is that we wouldn't pay 2 billion euroros the first of december and we didn't believe in paying anything of that amount. i hope they can be resolved. if they can be, that will be good. if they can't, then obviously we'll have a major problem. but let's let that negotiation continue and see if it reaches a conclusion today or perhaps later. we'll have to wait and see about that. >> david cameron with that ongoing problem with europe. >>> now, charges against phil rudd, drum we are the band ac/dc for

number 10 is rupert murdoch enlisting the help of the italian comic book hero d iabolique to fend offthe merger complete of his entertainment companies. they are basing it on this character who i don't know anything about. >> is based on rupert murdoch. no he's not. >> omx perfect sense. they are combining the production units which is a bold think an italian comic book hero will play well in germany. tohas always wanted consolidate his pay tv ads so he can have purchasing power in sports. you buy a sky package in europe because you want sports but not because you want sitcoms. superheros a german and it's called the supersaver. i don't see this working at all. they are far behind the americans in the pay tv space. it's interesting that rupert murdoch is trying to make these major moves now as he anticipates what will eventually look like them or can market. i was trying to get netflix when i was in europe but i could not get it. >> did you do it through a proxy server? >> that's above my pay grade. vesber nine is les moon embracing the digital revolution. he is launching a 24-hour on

atwe are constantly looking what rupert murdoch is going to do next.constant hunger acquisitions and the other is spinning off different assets, trying to survive on their own. which do you think is the more enduring trend? >> i would say if you had assess at the beginning of this year what kind of investment we would see from companies, we thought we would see more companies invest back in their businesses and engage in more capex, but we see a lot more deal flow across many different sectors. our view is that companies feel the evaluations are not that high and that these deals are very compelling at these levels. as a result, we are actually seeing companies not spend on themselves and actually look to acquire or to spin off acquisitions they think are undervalued. >> if nobody's are buying low, then you are buying low. -- is companies are buying low, then you are buying low. >> we are buying low. -- >> i think the m&a boom if you runcall it that, they have out of opportunities, acquire a company come and see if you can reduce some more cost. rupert

from tokyo, rupert winfield-hayes reports. >> reporter: there are very few places like this.ea of parks and sports fields that surrounds the old 1964 olympic stadium has been a sanctuary for nearly a century. but now, another olympic games is coming, and all this is about to change. you can see the fences are up, the work teams are ready, and in just a few weeks from now, the demolition here will begin. the old 1964 olympic stadium will be completely erased. it's going to be replaced by an enormous $1.5 billion u.s. stadium designed by british architect zaha hadid. or is it? >> the height is 16 meters. the max height of the new stadium is 17 meters. so it means ten more meters above. >> reporter: this woman is so angry about the design, she set up a group to try and stop it being built. >> it is shaped like a spaceship. or cycling helmet. for me, it's more like a turtle thing. and the scale too big. going to cut down all those. >> reporter: there is no doubt the design is spectacular. it's also twice as big as london's olympic stadium. but japan's sports council says it was c

rupert winfield-hayes has more from tokyo. >> these gdp figures are very bad. much worse than was expected. and in fact, one analyst here in tokyo today called them worse than disastrous. so what has gone wrong? well, essentially, ordinary people here in japan have simply stopped spending money, and you can trace that stoppage back to april 1st and the rise in consumption tax here from 5% to 8%. japanese consumers, ordinary people, have reacted very, very badly to that rise. and they've stopped spending money, particularly on big things like housing. this has now put the japanese economy back in recession and has put prime minister abe's government in a real fix. so what we'll see almost certainly is prime minister abe dissolving parliament and calling a snap election for mid december. why is he doing that? he will say it's because he needs a new mandate. he needs to change his economic policies. he may need to call off the next step in tax rises that was going to take place next year, and to do that, he needs the consent of the japanese people. that will be th

the bbc's rupert wingfield hayes reports now from tokyo. >> it has been a very bad few days for the primeinister and as he announced a snap election, the japanese prime minister was on the defensive. japan's economy is back in recession and mr. abe's big plan to revive japan is in disarray. people say the economics have been a failure, he says. i've not heard one concrete idea what to do instead. is there another option? the only way to revive the economy. mr. abe says he needs a quick election to get the japanese people behind him, an even bolder economic reform. on the streets of tokyo this evening, there was amusement. i really don't understand, says this man. i don't know why we need this election. why he needs an election now, i don't know says this woman. the economy is still not good. why doesn't he wait until the economy has recovered? one of mr. abe's strident itics told me he thinks it's precisely because his economic policies are not working. the prime minister is going for an election now. >> it's almost like pushing the reset button when the video game you're playing is not g

after the bell, earnings from 21st century fox, the media empire is run in part by billion ayre rupert murdock. they boat wall street estimates by three full pennies. revenues more than $1.5 billion more than forecast, mostly thanks to higher sales than the cable television properties and a stronger box office take for films and "dawn of planet of the apes." with profits up 10%, shares were initially higher in after hours trading. besides fox, this is a big week for media earnings. those results come as the media giants grap welviewing habits and the rise of streaming video services as tv watchers have fixed out how to cut the table cord. >> reporter: one thing for sure, consumers are changing how they watch cable tv. >> i picked another app. >> most of my movie and tv shows intake is all online to be honest from my computer. >> i watch more netflix on my phone than my tv. i don't even turn on my tv anymore. >> media giants are skirmishing to keep up with that demand. >> we see the companies struggle with the legacy business model, predicated on views and trying to straddle the divide

rupert for rupert murdoch of stock and les for les moonves. moonves is a legendary media mogul credited with "friends" and "er" and taking over cbs and making it what it is today, the country's most popular tv network. what does the future hold for cbs and for showtime? this week moonves launched a streaming news service and talked about making shows for sites like netflix while still trying to grow his core business. he is perhaps the most fascinating man in the broadcast business right now, and every move he makes affects how we're all going to watch tv and read books and get news in the future. so take a look at this. this is a trip to the cbs board room where there were some big surprises, including the fact that one of his favorite shows is on abc. >> thanks for having me here. >> mi pleasure. welcome to cbs. >> i saw a reporter from bloomberg writing about cbs that said it's an 87-year-old embracing the web with a gusto of a tween. you don't quite look like a tween. i'm younger than you think i am. skr we both have tv makeup on, too. doe

a lot of it is put under the educational rupert but i am a big fan of learning. >> the book is called "zero to is the author.el thank you. >> c-span, created i cable companies dirty five years ago 35created by cable companies years ago. >> for thanksgiving weekend, we continue our book tv programming. tonight at 10:00 open tv, the history of the birth control pill. sunday night, bill nye the science guy and why he thinks the teaching of evolution and creationism is not only wrong but dangerous. tonight,an history tv, george washington and benedict arnold. sunday afternoon, a glimpse of america life between 1914 and 1930 from henry ford. find our complete tv schedule at www.c-span.org and let us know what to think about the programs you are watching. call us at -- e-mail is a or send us a tweet at -- join the conversation and follow us on facebook. sectorok at private efforts to reduce global poverty. -- she satd speaker down with american enterprise institute's president for now her long conversation. -- for an hour-long conversation. >> thank you for coming today. we are joined by ou

rupert evelyn of itn reports. >> reporter: we call it waste. but just because it's been flushed down the drain does not mean it's unwanted. in fact, it's a fuel, and in this case, where there's muck, there's mileage. for the first time, a bus is being powered by the gas-generated from treatment of human and food waste. its fuel source is a source of fun for many. the company running it see it as a viable business asset. >>, of course, we're going to get the headlines, but it doesn't really run on waste. obviously, it runs on the by-product of waste. and it's not a fossil fuel. it's infinitely renewable. all the time there are people on the planet producing waste, the biome thing will be reproduced. so it's carbon-fruit newteral. >> reporter: turning our decomposing rush rubbish into fuel fair bus involves cleaning it up, removing various impurities before adding an odor and ensuring it reaches the exacting standards required for the fuel tank. >> the emission levels are 92% less than what you would typically expect being emitted from a diesel b

>> if you got laid off by time warner right now, would you blame rupert murdoch?ime warner, under pressure to perform. >> you to do now on the head. i think in the next year, they will have to really show shareholders he made the right decision here in rejecting that from rupert murdoch. i want to make sure they need that number -- those numbers. make goodit does not movies. >> rate, more job cuts. jobs for an 2000 11th straight quarter. that is also a problem that other carriers as well. cable operators are also cutting jobs. >> they're all cutting prices. sprint, at&t, and verizon. the difference is the other carriers, it is working and they're gaining subscribers there there is in there margins squeezed as they are at sprint, but sprint is not picking up its customers as a result. >> i did not even know sprint was still around. is there something else besides for rising and at&t? >> t-mobile. >> i guess the kids use these things. when i was younger, i would owe his go with number 3, 4, 5, and six. when you get older, i think you have had enough of this body ser

number 2 was rupert murdoch.kay. [ laughter ] >> anyway, all things aside, sir richard branson back with us, and his leadership style is pretty much don't be a jerk, don't be dictatorial, don't be shouting at workers or making their life hell. you are a big advocate of unlimited vacation time, you feel that by throwing a lot of rules at workers, they're not as, what, happy? productive? both? >> most of our life is spent at work, and therefore life should be fun, interesting, entertaining, it should be rewarding. and that's -- that is the virgin way, that's the way we treat our people. as i child, if i criticized somebody, my parents would send me to the mirror and ask me to stand and look at myself for five minutes because it reflected so badly. neil: interesting. >> we praise people for the best in people, and in return, we get the best. neil: do you run across people who don't get the best? you get the jerks? you are being accommodating a boss as you can be. they don't get it. they're slugs and gotta go. >> the

he has gone from everybody from rupert were bought -- rupert murdoch to comcast to time order -- timeears trying to find a buyer. >> why can't he find a buyer? >> i just listened four or five movies that have failed in the last several years. >> look, he has tried to branch out. he does live entertainment. he has done a deal with television. >> what can he learn from what "frozen"? write with >> everything. >> hasbro does have a contract with "frozen." "frozen on ice" producer coming on "market makers" today. one of the reasons these entities are so popular is you create one singular popular animated movie, and you have the rides at disney world, the on-ice production, the lunchbox. i mean, if you get these animated films right, it is in less the possibilities. it is extraordinary. >> who knows, 10 years from now you might still be talking about "frozen." >> the thing is, you do not need hasbro to do it. they did this in the public domain and reworked the story. well, it enhanced it. >> it works, but i'm talking about creating the movie. the used source materials. >> it makes so much

you work for rupert murdoch. you worked for bill clinton. you are not a partisan.why you may not want your children to go to the, quote, best schools in the country. >>> well if you have dmids high school or you have kids at all, you probably thought about how to get into a good college, how to get them in or better yet a great one. my next guest says stop stressing, you shouldn't want your child going to an elite university. i spoke with bill, a former yale university professor, and the author of the hit book, "excellent sheep:the miseducational of the american elite and the way to a meaningful life," watch this. >> the problem for me with elite education and elite colleges, it has to do with what happens at the colleges, but precisely who you have to become in order to be the kind of kid who can get into one of these schools. >> and you know of what you speak. you have about 25 degrees from columbia university and professor at yale for many years and now you've left that and moved tout oregon, but you know what you're talking about. and you basically talk about h

that is the offer -- price at which rupert murdoch made an offer for the company over the summer. the numbers did beat estimates after time-warner collected higher tv fees for its tv channels. also, let's look at home away shares. they are falling. the vacation home rental company reported third quarter profit that beat estimates, but fourth quarter fell short of what analysts were expecting. we'll have more "on the markets" in 30 minutes. >> welcome back to the second half-hour of "bottom line" on bloomberg televisionment i'm mark crumpton. thanks for stay with us. voya financial beat third quarter estimates today. the new york based company reported after tax operating earnings of 5 cents a share, topping analyst' estimates. the c.f.o. joins me in studio. sir, welcome back to "bottom line." good to see you again. the shares have risen 11% since the beginning of the year. the stock has climbed 26% over the past year. where's the strength coming from? >> let me explain to you where our performance coming from. if you look at the results for this quarter we show a 50% increase of t

first largest was rupert murdoch. that is two divorces ago for him. this comes in at number three at just under $1 billion. the issue here was how much of their marital assets were due to his work in which case she would get a share of that versus luck or just context. so he had the strange position of arguing throughout the trial that he had very little to do with the success of him and his company. it looks like a billion dollars is nothing to sneeze at and he is down to his last $16 billion so things are going to get tight. >> i have to feed my family. how is he doing it? feeding them hundreds for breakfast? >> clearly the judge did buy some of the argument that she is not entitled to half. >> had nothing to do with my business acumen. it was all luck. i suspect the circumstances of the statement probably had something to do with the content of the statement. >> one last thing to mention. the corporate attorney was very involved in the trial which was raising questions. some say there will be a guaranteed appeal. she may be happy with her billion b

here and say that the best ceo, dollars to doughnuts, and ceo who is offered america a choice, is rupertdoch, our boss. melissa: very inviting. >> i will go out further on a limb, when he was smart enough to do is pick the best programmer, newsman in the country, his name is roger ailes. melissa: wow. >> that is true. >> let me cut this off. let me cut this off. >> bill shine, head of fox business. melissa: so the official harvard business review that did this study, they looked at actual stats like return to shareholders. >> that down tell the hole story. melissa: of course it doesn't. they normalize it for the country you're in. also industries because they didn't want to get the starve bump from the industry you're in. how the stock market was doing in general and they camm up with jeff bezos. what do you think of that? veronica. >> i was surprised. aren't their margins not so great if you look at amazon? >> right. >> return to shareholders terms of stock price. they say you make the mistake that jeff bezos hasn't turned a profit. he has. he reinvests profit. >> he has buu operating i

number two was rupert murdoch. anyway. richard branson back with us, and a lot of his leadership style is pretty much don't be a jerk, don't be dictatorial, don't shout at your workers, but it's more than that. you believe in unlimited vacation time. you believe that throwing a lot of rules at workers they're not as happy, productive, sfwhoboth? >> most of our life is spent at work, so it should be interesting, it should be entertaining, it should be rewarding. that's the virgin way. that's wait we treat our people. as a child, you know, if i criticized somebody, my parents would send me to the mirror and ask me to stand and look at myself for five minutes because they said it reflected so badly on me. so we very much go out and praise people, look for the best in people, and i think in return we get the best. >> do you ever run across people who don't get the message, they're just jerks and you're being as a krrccommodating and generous as you can be, and they're just slugs. >> there was one person who stole from me, and

i'm talking about rupert merdock right now. >> just got everybody fired here. >> i love working here.his is a great place to work. >> i can speak. have i ten employees in my company. a lot of clients. some of it actually the employees have to look at themselves in the mirror as well. as a boss, i look for employees that are passionate about what they are doing and enjoy what they are doing. you have been here around four, five years. fox news, as a lot of fans, a lot of critics as well, but, you know, you want have to hear that. this is all about where you work, and that's what your bosses want to hear as well. altud has a lot to do with it about your job. >> you want respect. go. lee. get another job. either you're going to learn and say it is too hard here or it wasn't so bad. >> do more people stay in jobs that they don't like if they're being paid what they consider a fair or a better wage than they'll get somewhere else? >> a lot of cases people don't have a choice at all. a lot of people in low wage professions don't really have a choice, and they need that paycheck xshgs they l

he's a member of the board of rupert murdoch's news corp, and there are few pleasures that money can that he denies himself or that he doesn't like to show off. [ engine revs, tires screech ] >> let's go through the tom perkins litany. you used to own the world's most expensive sports-car collection. >> the best. maybe the most expensive. >> okay. you currently own a bentley, a $450,000 porsche carrera gt, an aston martin, the maltese falcon, and a second yacht. who needs two yachts? well, we won't go into that. you own a 900-year-old moated estate in england, and i'm only telling what we know about. so, you do like to show off. >> guilty as charged. >> analyze that for us. why do you have to have the biggest and the first? what is that? >> you know, i'm no psychiatrist, but it probably comes from my childhood and the attitude of my parents. >> an only child, perkins grew up during the depression, which he says devastated his father and distorted his mother's priorities. >> my mother wanted things in life that my father couldn't provide, that were bought by money. the fact that we di

you work now for rupert murdoch. know you are getting honest advise because you are not a partisan. school education educated. thank you for being here, joel. >> thank you, megyn. i appreciate it. >>> just ahead, a fascinating look at why you may not want your children to go to the "best schools" in the country. introducing the new philips norelco shaver series 9000 with contour detect technology that flexes in 8 directions for the perfect shave at any angle. go to philips.com/new for savings on shavers and trimmers. innovation and you. philips norelco. .. ...heartburn. did someone say burn? try alka seltzer reliefchews. they work just as fast and are proven to taste better than tums smoothies assorted fruit. mmm... amazing. yeah, i get that a lot. alka seltzer heartburn reliefchews. enjoy the relief. i'm just looking over the company bills.up? is that what we pay for internet? yup. dsl is about 90 bucks a month. that's funny, for that price with comcast business, i think you get like 50 megabits. wow that's fast. personally, i prefer a slow internet. there is something about the sw

. >> rupert murdoch.issa: okay. >> 600% gross in this company and they're finally coming up with a cash flow strategy. it is valued a billion dollars. now barry diller, his ccmpany owns this thing, now they will monetize it. >> you know what does, there is political story here. i will tell you this, sort of tech guys, it kills them to say anybody else but their whole realm of sort of left-leaning ceos, the last person -- melissa: get to that from here? >> great pick as ceo is our boss. that is the whole, i really believe that. >> become person that pays for the premium tinder service, what kind of message are you sending? i need to use this to meet some women i need extra plan. melissa: apple is moving into enemy territory, opening an engineering hub in seattle which of course is the base of one of itt biggest rivals, microsoft. microsoft said on their part, quote, this is great. >> just like that. >> i don't know what their tone was, imagine it was something like that. like great. >> what i found very in

i also want to recognize some important tests in the rupert we have four ambassadors from a letter country. with ambassador to finland, ambassador of the stone, the ambassador of latvia and ambassador of denmark. we also three former members of congress jim moody, jim slattery and jim walsh. it's always perilous and what is to recognize special friends but we have two special friends given the topic which is the crisis with russia over ukraine. ambassador jim collins who is extraordinarily effective american ambassador to russia longtime russia specials and great friend to all of us on this panel. and ambassador steven pifer was ambassador year crane, longtime russia-ukraine specialist giunta culberson worked with steve as well at the congratulations to both of them and thank you for being you. what we wanted to do is talk about one of the major strategic challenge is in a state in 2014. president putin's invasion of crimea, the annexation of crimea by the russian duma, the consistent effort by president t putin and the russian government to destabilize eastern ukraine over the last nine m

it is just more fun to rupert people that are good human being to correct--good human beings. >> garyd like to still his de teched bigger on ebay the one he blew off and a gun accident accurate in october creek but the epa would not sell body parts. --ebay >> pam:that is good. we will be back with more news ahe ad. the holiday season is here, which means it's time for the volkswagen sign-then-drive event. for practically just your signature, you could drive home for the holidays in a german-engineered volkswagen. like the sporty, advanced new jetta... and the 2015 motor trend car of the year all-new golf. if you're wishing for a new volkswagen this season... just about all you need is a finely tuned... pen. hurry in and get zero due at signing, zero down, zero deposit, and zero first month's payment on select new volkswagen models. ( siren wails ) ( pop music playing ) ♪ when you're ready ♪ ready, ready, ready ♪ come and get it ♪ get it, get it ♪ when you're ready, come and get it ♪ ♪ na na na na ♪ na na na na na na na ♪ ♪ when you're ready, come and get it ♪ ♪ na na na na... female a

i come from the city in australia that gave rupert murdoch to the world. and when i was growing not, it was impossible to buy a newspaper that wasn't owned by mr. murdoch, the morning paper, the afternoon paper in the evening papers while mr. murdoch. in many parts of australia, the readily available with all apologies been reviewed, the right of the available newspaper for people is only the murdoch newspaper. said the daily paper is only a murdoch paper. so that does mean there are questions of quality that intersect and ato with that in the book and my hankering for a media market that had more quality in its presentation to the public and certainly one big debate. one of things that got published as facts are just so ridiculously ravish that it distorted the public discussion in a way that is not helpful and it does always amuse me that when you get editorial newspapers facing generations of politicians and more prepared to tackle the debate while the newspapers make sure that any debate gets distorted and pulled apart often by reporting. i think it ac

more ahead on rupert murdoch, betting on india's real estate boom. for the news corp. portfolio, next. ♪ >> the global outlook in india, the real estate market, murdoch to acquire theng operator of realtor.com in the u.s.. new chairman is shaking up things two months after taking over from her late father, anna burton has replaced the ceo into directors of the spanish bank. all but certain to take over rio tinto to create the world's largest mining company. we spoke to a number of hedge funds who said last month that they were abandoning their bid for rio tinto. that does it for today. tomorrow we will continue our conversation on the future of media and technology with the ceo of tivo. we talked to a venture capital firm crossing arbors for tech investing tomorrow at 8 a.m. eastern time, right here on bloomberg television. ♪ >> 56 minutes past the hour, time for bloomberg television to go on the markets. first data ligety index is here and you will see that we have -- you know what? take a look at apple first. year to date, up 50%. not a bad gain af

i come from the city in australia adelaide that gave rupert murdoch to the world. he is from there and when i was growing up it was impossible to buy a newspaper that wasn't unbiased to murdoch. the morning paper, a the afternoon in the local papers were all for mr. murdoch. all of these years later in many parts of australia, they're readily available with all due apologies to our friend from the review they're readily available newspaper for people is only the murdoch papers. so the daily paper is only a murdoch paper. so that does mean that there are questions of quality and questions of bias that intercept with our politics and i deal with some of that in the book and not hankering for a media market that had more diversity and more quality in its presentation to the public. and certainly on carbon price which is just one big debate, some of the things that got published as facts were just so ridiculously rubbish that it distorted the public discussion in a way that is not helpful. it does always amuse me that you get editorials in newspapers of generations of

estimates, so plenty of investors are wondering whether they should have rejected the takeover offer from rupertuest founded the yes network and is the former president and ceo of at&t broadband. is cost cutting the only way for time warner to boost their share price? wisdom ins one true the media industry and that is you can never cut costs enough to match a takeout premium. fox offered. they come along once or twice in a company's lifetime. $85 is now the target price for time warner. there's no way to get to 85 absent another takeover premium and there were two warning -- to earnings reports yesterday. fox had a great earnings report yesterday and time warner mostly through cost-cutting, mostly through results. the company is still in play as long as the $85 sits in the minds of shareholders will stop there is a corporate responsibility that says you have to react to these offers thoughtfully. $85 will stay out there for a long time. >> and why did jeff up-ice react -- why did he react? >> i think management sometimes insulates itself from shareholders. he would not have stayed in control if

by the way, making up a lot of the fall it suffered when unexpectedly, some would say, rupert murdoch and fox chose to walk away from their bid. >> isn't that amazing? i remember saying to you maybe there is a much higher bid. they would have to give the company away for a much higher bid. murdoch is the rare ceo. and pyatte at allergan. >> the targets out there are extreme extremely strong and the markets respond ped positively. the 2013 earnings target. stock moved up and so has the multiple and pressure to make sure they can deliver. >> multiple should go up. they did all the things you want. it would have been amazing if for all the good things they do murdoch swoops in at the inflection moment. >> i still believe in a couple of years it will happen. >> really? >> i think there needs to be consolidation amongst the programmers. i believe it will be part of that. who it's with? i don't think we can say. >> apple, $119.20. close to its $1 billion market cap. it doubled since tim cook took over. targets were $110. >> i think it's going to be an apple holiday. remember we talked about

it goes back to the rupert murdoch bid and why he wanted that company so much.t was the key highlight of that research report. >> biggest gainer will be darden. key bank takes it to a buy, price target $62. they don't believe olive garden is a broken model with 5,000 guests per store per week. they argue those comps are in position to go positive. >> previously, arguing it was badly managed by the previous ceo and coo. the problem is other analysts would argue you're not sure what talent you have in there now that would turn that around. >> frack space up 7%. they do guide below the street on resch ewe for the year. also issue $500 million buyback. juniper made headlines this morning. >> and drama. >> the ceo stepping down. stock not moving a whole lot. the board issues statement there western concerns about his behavior regarding a client? >> it was a little bit vague. for the moment the company is putting in executive vice president rami raheem as the replacement. you don't want to see that at the top of companies. concerns about net neutrality weighing on fea

guy like rupert will talk about living in ivory tower, get rid of military, constitution, everythingand see how quickly someone snatches you out of that apartment or tower. stuart: well-said. uber doing damage control avenues website buzzfeed, a senior uber executive who appeared on this program occasionally, he discussed digging up dirt on journalists who were critical of the company. all rise, judge andrew napolitano is here. hey, uber is a libertarian company. you're a libertarian. what is going on? >> initially sounded libertarian and that it is pure free market, unregulated by local government the way the taxi and limousine commission regulates the rest of the car services here in the city. stuart: right. >> look, if he wants to do that he will run the risk of what's called false light. that is the public exposition of right facts in which the public has no legitimate interest and that will give rise to defamation actions. this is one area of defamation law where plaintiffs do succeed. think of it this way. first amendment protects freedom of speech. it is intentionally difficul

murdoch -- excuse me, malone admitting he was a bit surprised that rupert murdoch had chosen to standnue that fight there. we'll have more from that part of the interview as well and more on cnbc.com as we go along. send it back to you guys. >> david, can i just ask you a question? what's the upshot of that, that they might buy theoretically content providers within europe? is that what he's saying? >> yes, that's right. he's talking about the vertical integration model being one he certainly looks at positively. he did say he believes they have more room to grow, simply with distributing television or video product throughout europe. so they don't feel they have to go there, that they've run out of room, so to speak, the same way our parent company comcast may have run out of room once it has completed the time warner deal. he does seem to believe that is a route that makes a lot of sense. although, as we said during the conversation, any number of companies, including time warner, perhaps most well known amongst them, have decided to separate out the distribution from the content. >

we have a beat from rupert murdoch's 21st century fox.oth stocks rising after a drubbing yesterday. >> and better than expected adp numbers. we'll get that ahead of the big jobs number coming up on friday. but last night's midterm elections resulting in a power shift on capitol hill. republicans retaking the senate for the first time in eight years, capturing at least seven seats and defeating democratic incumbents in states including north carolina, colorado, arkansas. the gop also strengthening its grip on the house, winning governorships in blue states like maryland and illinois. it is a stinging defeat for the president and his party, who by the way, is scheduled to hold a news conference this afternoon and is planning to meet with congressional leaders in both parties on friday. market last three midterms has traded higher the day after, jim. tends to like this. >> initially, i felt as the day went on from the early morning, i was like, okay, wait a second, we're going to have a budget wrangling now because the government runs out of