they do own 80% of sprint. but sprint has been known to be mired in debt.o want to look at the net income for sprint, at least over the past few years. this is the sprint fa function, the financial analysis function. you can see their income has been negative for the past three years. 2015, more than $1.5 billion in the hole. just edging up. i will click this other button, this is adjusted revenue. look a much money they are actually making. but they are still losing in terms of income here. $35 billion they are pulling in, a lot of capital expenditure they have been doing. but it has not gotten them anywhere in the positive. let's also take a look at what t-mobile is doing for our investors. they are up as much as 3.3% during the day. they did fall by a little there. still up by 2% or so. it is the fastest-growing wireless carrier here in the united states. they only have about 14% or 15% market share. they are the ideal candidate for sprint to get a leg up. yvonne: you have to look at the timing of things. why now? masayoshi son has a pretty good relation

shares of sprint and t-mobile rising.nks to the ceo plans to look for talks to merge t-mobile with sprint. he says the trump administration would be more amenable to a combination. wendy's dishing out strong earnings and revenue that beat estimates. experts say it is wondering the broader slump through specialty deals. just this tuesday, wendy's gave free nuggets to want twitter -- tweeter. company owned by jared kushner's family was a leading bidder. they plant to build more than 8000 units. his senior role has raised concerns about conflict of interest. a company spokesperson offered no explanation. that is your latest bloomberg business flash. coming up -- apple is the first u.s. company to cross the $800 billion valuation mark and we will dig into it, next. you are looking and live pictures, this is where the white house news briefing will air in about an hour and we will bring it as soon as it begins. a lot for sean spicer to talk about. this is bloomberg. ♪ >> the stock, they want to buy the iphone eight and that is

sprint is an informal deal talks with t-mobile. alex: that is right.t reported that earlier this morning, that informal deal talks have begun. we don't know what those companies have talked about, just at this point, but there are two outstanding questions at this point. -- first is the rally regulatory question, will the trump administration allow a deal between the two companies. back in 2014, sprint tried to tried to-mobile and put feelers out for the fcc and the obama administration told the cofounder of bank -- of the bank, don't try it because there is no way we would allow you to twoet -- a light to put the companies together. who will be the buyer, who'll be the seller? -- sprintught it might use spectrum as a potential character to maybe some of it will be leased out. all the questions need to be answered. vonnie: the questions have been swirling for a long time. alex, thank you. that is our reporter with a great scoop on globalstar. time for our latest business flash. deal.rst is a spotify says it's going public and help -- hiring banks to he

i don't know, but i better go to sprint. wait! 2 iphone 7s! love you! get sprint unlimited.e 7 on us! for people with hearing loss, visit sprintrelay.com [man] witness protection [bprogram...n town? [brad] i guess you need relocation consultation. with apartments-dot-com, we can find you something nondescript yet extraordinarily comfortable... ...with a twenty-four hour doorman... ...and a video security system! [man] well, if my name isn't gary "the rat" paticoff... [mumbling] oh no! [agent] again? [brad] don't leave this! take this! [man] thank you very much. [brad] that'll be useful everywhere! change your apartment. change the world. (cheers and applause). >> trevor: welcome back to the daily show, my guest say leading figure in the national justice reform movement and an author whose new book is called going becoming ms. burton, from prison to recovery to leading the fight for incarcerated women. pleas welcome susan burton. welcome to the show. >> thank you. >> trevor: thank you for being here and thank you for sharing this amazing story with us in the book. your memoir

and we'll talk to the ceo of sprint later on today.he dow is going for the second back-to-back gains since the end of february. and the s&p coming off the best close since march 1st. back in a minute. >>> a bunch of movers in the food business today. mondelez had better than expected results. same from yum and taco bell. and mcdonald's is upgraded to buy. what they call a reasonable valuation despite the stock being close to the all time high. it's not quite going to get there at the open. but they're basically talking about increased confidence. maybe the beginning of a multiyear cycle. >> yeah. the multiyear cycle began around '95. but i guess better late than never. david, is this one of those that you sense tremendous value added or you sense this is an egg mcmuffin with some ketchup thrown on it? >> i'll leave that to you, jim. the run in the stock price i'm curious to what your thoughts are at this point given what you have seen in the accretion of value that's taken place under easterbrook in the last year. >> well, you're seein

i don't know, but i better go to sprint. wait! 2 iphone 7s! love you! get sprint unlimited. now get iphone 7 on us! for people with hearing loss, visit sprintrelay.com ♪ there's a lot of stuff michael follows online. then he tried tostitos scoops and salsa... ...and started following them in real life. no! and kept following... ...everywhere. wow, okay. boundaries, michael... boundaries. hey, mike. 'sup? oh... tostitos. bring the party. >> trevor: welcome back to "the daily show." my guest tonight is an actor who stars in the hit series "scandal" on abc. please welcome kerry washington. ( cheers and applause ) >> hi! hi. >> trevor: i feel like you're coming to fix something. >> are you broken? >> trevor: everything is broken. are you kidding me? >> everything is broken. i watched that opening. >> trevor: we need olivia pope. that's what we need. ( cheers and applause ) we need olivia pope on our side. >> i actually-- i woke up the morning after the election and olivia pope was trending because so many people were tweeting all ready on facebook, "olivia pope, fix this. you ha

i don't know, but i better go to sprint. wait! 2 iphone 7s! love you! get sprint unlimited. now get iphone 7 on us! for people with hearing loss, visit sprintrelay.com "for great skin, you don't have ...just go to bed." new aveeno®... ...positively radiant® overnight facial. get the benefits of a spa facial... ...overnight. aveeno®. "naturally beautiful results®" are making the move to nissan. because of rogue, the best selling suv in america. titan, with america's best truck warranty. and the most advanced safety features on alitma and our best selling models. that's why we're america's fastest-growing auto brand. get 0% financing for up to 72 months on 11 models. ♪ >> trevor: welcome back to "the daily show." people always want more transparency from their politicians. i mean, except when it comes to their clothing, all right. nobody needs to see senator mcconnell's little mitch. but in arizona, one political candidate is taking transparency to a new level. desi lydic filed this report. >> arizona's the most die-hard red state in the southwest, but a new democratic candida

t-mobile is much bigger than sprint.nt sprint, which -- if georgia telecom gained control-- if deutsche telekom gain control, would they even want sprint? if bigger question is comcast and charter, the cable companies, want to get into betters, would they be a buyer? days, in the last few charter and comcast came to an agreement that neither one individually would go after a wireless carrier without talking to the other first. does that make this deal more likely or less likely? alex: it probably makes sprint-t-mobile more likely. but only slightly. it makes sense for cable companies, if they were to buy a wireless company, to work together. because cable companies only operate in footprints. in york city, you do not get comcast. but in philadelphia, you do. this has been going on for decades. it is because cable companies sign contracts where they sort of have non-competes with each other for the state of the business, similar to how utilities operate with each other. ableu are comcast and were to buy t-mobile but could

vonnie: tell us about the sprint offer. why now?h: for one year, the telecom players were not allowed to talk to each other. and that ended april 27. so now, you are seeing these -- softbank owns that stake in sprint, he cannot and said he would like the talks to begin. you have the deutsche telekom ceo, say that. and once this happened, sprint t-mobile is one combination. you can imagine it will have a domino effect on other players. this is an interesting time for them to be doing it, because you have the trump administration already looking at time warner and at&t, that's getting cleared. you will be a good test what they think about consolidation in the telecoms days. mark: two major assets is what the head called t-mobile. willy wonka part with it -- we know he wants to part with it? 12:18, we are 10 minutes ahead of the end of the session. confirming with pimco. this is bloomberg. ♪ vonnie: a gorgeous day in midtown manhattan. i bet it is in london. live from bloomberg world headquarters in new york, i'm vonnie quinn. mark: we

i don't know, but i better go to sprint. wait! 2 iphone 7s! love you! get sprint unlimited. now get iphone 7 on us! for people with hearing loss, visit sprintrelay.com >> joe: tonight's telecast is sponsored by the all-new chrysler pacifica, imported from detroit. and by buffalo wild wings, wings, beer, sports. bottom of the eighth-inning, curtis granderson. he may very well be the odd man out. his first up tonight, he was struck out. he was hit by a pitch and he was bounced into a forest out with the bases loaded. he took a strike. he's giving some relief to this angels bullpen with his work. that is low, one ball, one strike. granderson, t.j. rivera, and lucas duda. and then ninth inning, the angels will have pennington, a pinch-hitter, and maldonado. trailing by at least two. >> alex: playing with curtis granderson, he is one of the rare guys. he can have four home runs or strike out would have absolutely no idea. one of the good guys in baseball. an international role model and ambassador for baseball. >> joe: one ball, two strikes. right now, heading .161. t

i don't know, but i better go to sprint. wait! 2 iphone 7s! love you! get sprint unlimited.ow get iphone 7 on us! for people with hearing loss, visit sprintrelay.com >> joe: tonight's telecast is sponsored by the all-new chrysler pacifica, imported from detroit. and by buffalo wild wings, wings, beer, sports. bottom of the eighth-inning, curtis granderson. he may very well be the odd man out. his first up tonight, he was struck out. he was hit by a pitch and he was bounced into a forest out with the bases loaded. he took a strike. he's giving some relief to this angels bullpen with his work. that is low, one ball, one strike. granderson, t.j. rivera, and lucas duda. and then ninth inning, the angels will have pennington, a pinch-hitter, and maldonado. trailing by at least two. >> alex: playing with curtis granderson, he is one of the rare guys. he can have four home runs or strike out four times and you would have absolutely no idea. one of the good guys in baseball. an international role model and ambassador for baseball. >> joe: one ball, two strikes. right now, heading .1

it owns us mobile company sprint, and has recently bought uk chip firm arm, which designs chips for theke in chinese ecommerce giant alibaba. rico hizon is following this in singapore for us. it is indeed a confusing company. and softbank doesn't help that be understood any more, the name. that's right, it is very diversify. they are into e—commerce, taxi hailing applications, but looking at the overall numbers, the second best everfor the overall numbers, the second best ever for softbank, operating profit for the year, until the end of march, rising 30% to $9 billion. and again it was due basically to cost—cutting and a rise in the number of subscribers in its us mobile business, sprint, which it hopes to merge with rival the third largest wi reless hopes to merge with rival the third largest wireless carrier, seen as a potential kingmaker in the sector, as companies like sprint have ambitions of being the largest in the field. the diversify conglomerate also has the investments in china. it recently confirmed $5 billion investment in the so—called uber of china, which has some 400 mi

sprint needs t-mobile. no question about it. t-mobile does not need sprint necessarily. of them up on speculation. if it doesn't happen -- >> that's scary music. shifting gears. mike joins us from austin to break this down. mike, that hasn't happened a lot historically below ten. >> no. actually, with eonly have vix data going back to 1990. it's only happened four other times. now, basically when the market goes up, everybody knows the vix tends to fall. the opposite is also true. what happens when we get down to levels as low as this, below ten? in the little data that we have, we took a look and in the one-month return, typically in a situation like this, is about .39%. the six-month return is 6.4%. down 1.24%. i think what happens we know that volatility means averting. if you're at the lowest level it can be, the only way for it to revert is volatility to go up. that's usually not that great for the market. >> yeah. >> i actually think this is one of the better trades out there right now. just a buy volatility. you might want to do it through an options structure lik

the crowd stubborn i have been treated to some top—level sprinting as well.0.9, just peacock, won his event. he wanted to go sub 10.9, just a split second separating johnny peacock from a dream start. but looking good for him as he builds towards the para world championships later on this summer. asher philip, one of the rising stars of british sprinting, she won their women's 100 metres. shejust she won their women's 100 metres. she just beat sally pearson, the 2012100 metres gold medallist. i just split second, from australia. but a great run in front of a crowd of hundreds, maybe even thousands down here in manchester. it's funny to think looking at that track, running along dean date, the main thoroughfares through manchester. this is all happening just five, maybe ten minutes' walk from the arena whether bombing happened on monday. the security all around the city, ardent guards everywhere. this isa city, ardent guards everywhere. this is a chance for manchester to come out and show they are not afraid and will stand in solidarity. the sport has been a s

go switch to sprint! who's he talking to? i don't know. but i better go to sprint. wait!w get iphone 7 on us. for people with hearing loss, visit sprintrelay.com. ♪ >> reporter: for two days and one long night, kevin lunsmann could practically feel his captors' breath on his neck, their guns in his back, as he ran and somehow eluded them. >> all my clothes were almost covered in mud, black, blood. everything. my hair was ruffled. i smelled terrible. i probably had over 100 or more lacerations on my body. blood all over my arms as well. so i didn't look too good. >> reporter: and then he took that one necessary risk, emerged to a public road, and there it was, the end. clearly a local, on this abu sayyaf-infested island, and he had a very big gun. >> i thought that it was all over. i had escaped and walked through all of that terrain, and it was for nothing. they had found me, and they were going to bring me back. >> reporter: then the man spoke, and the words startled kevin. he was speaking english. >> and he was asking, "do you need help?" you know, "were you kidnapped?"

people still ask why i switched to sprint. well, their network reliability is within 1% of the big guys. and they have the best price for unlimited among national carriers you gotta get iphone 7 from sprint now! get sprint unlimited. and now get iphone 7 on us! for people with hearing loss, visit sprintrelay.com. a 10-speed direct-shift 5.0transmission.ine. a meticulously crafted interior. all of these are feats of engineering. combining them with near-perfect weight distribution... ...is a feat of amazing. experience the first-ever 471-horsepower lexus lc 500 or the multistage hybrid lc 500h. experience amazing. what ari can explain...s 11pm. you should be out there disappointing your father. i need to clean this place up. bloopy, bad judgement and loopy. hunger keeps inventing new problems, so we invented snickers® crisper. but we've got the get tdigital tools to help. now with xfinity's my account, you can figure things out easily, so you won't even have to call us. change your wifi password to something you can actually re

i wouldn't rule out an acquisition of t-mobile and sprint down the road. if they're serious about competing in the wireless market, they ultimately have to have owner economics in wireless. >> the question then is what comes when the deal expires in a year. as mobile video and revenue from wireless subscriptions play a bigger role in the cable giant's balance sheets. julia boorstin in los angeles. >> we should point out, comcast is the parent company of cnbc which produces this program. >>> coach is buying kate spade. that's where we begin the market focus. the handbag and accessories maker is acquiring the rival for $2.5 billion. the in you deal highlights coach's ongoing efforts to attract a younger demographic with the company saying kate spade has a strong awareness among mel enyals. coach shares rose, while kate spade popped to $18.38. >>> newell brand had better than expected earnings. the maker of household products like elmer's glue and sharpie markers said it was related to the sale of the to newell also lifted its quarterly dividend 21% to 23 cen

for "nightly business report," i'm diana olick in was >>> sprint and t-mobile are reportedly in talks once again. and that's where we begin tonight's market focus. bloomberg news says that sprint and its largest shareholder softbank have entered into talks about a potential merger. they considered a combination in 2014 but that deal faced opposition from antitrust regulators at the time. now they're back at it again. sprint shares rose while shares at t-mobile fell fractionally. >>> astrazeneca says its lung cancer drug during a study trial was shown to significantly reduce the risk of the disease worsening in patients with inoperable tumors. as a result, the biotech company says it's talking to authorities now about pursuing regulatory approval. shares jumped 9% on that news to $34. >>> health insurer anthem has thrown in the towel, saying it's ended its proposed takeover of rival significacigna after a de judge prevented cigna from exiting the deal. anthem says it does not plan on paying cigna a termination fee, saying the company failed to fully comply with its contractual obligati

and we've delivered the best financial performance of sprint of the last ten years. our operating income was the highest in ten years. >> however, investors sprinted for the exits. shares fell more than 17%. >>> the gas and electric provider southern company said it strengthened its whole division. the company posted earnings that beat expectations. shares still fell a fraction, to $49.47. >>> kraft heinz saw weak sales in the u.s. and canada. the soft revenue number wasn't good enough for analysts. the company also reporting disappointing profit. shares initially fell after the bell trading, erasing earlier gains and the stock rose slightly to $89.14. >>> the insurance giant aig turned a profit in the latest quarter, as stronger operating results in the company's commercial and consumer businesses helped earnings. aig also launched a $2.5 billion share buyback and declared a quarterly dividend of 32 cents a share. shares initially rose in afterhours trading. they ended the regular session up a little, that's a penny, folks, at $61.54. >>> uber is in court. and of al

go switch to sprint! who's he talking to? i don't know. but i better go to sprint. wait!phone 7s. love you! (vo) get sprint unlimited. and now get iphone 7 on us. for people with hearing loss, visit sprintrelay.com. are you one sneeze away from being voted out of the carpool? try zyrtec® it's starts working hard at hour one and works twice as hard when you take it again the next day. stick with zyrtec® and muddle no more®. >>> shut up. >> courtney. >> shut up. >> we have to talk. come with me. >> every time i talk to courtney about her dates she seems so optimistic but when i talk to the guys they have a completely different perspective. i need to show her what they're seeing so she can understand where things are going wrong. i've been talking to all of the guys and the feedback has not been entirely been positive. a lot of the men have talked about you being sarcastic, aggressive and negative. it is not just about one person saying it. it's about several people saying it. i want you to take a look at it. >> okay. tight because it's probably not going to be

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