or, was it with the players involved with at&t and more specifically, time warner? ed: the speculation was always that time warner was something that trump really did not like any did not want to see the merge go through. he said on the campaign trail, if he was elected, the deal would be blocked. it was always the speculation in the background, but this was the they thought that it presented an unfair competitive challenge and the environment. why are they going after it now? it is unclear. they lost the case and something impossible to lose.

comcast went into high gear the minute at&t time warner deal got resolved and absolutely right and what we've already said a few times today, it looks like disney and fox is a deal that the regulators are cool on in fact, i think i knew that months ago what it does is it just throws cold water on any merger frenzy because now you have to think about this again maybe that doesn't go through and at least you have to think about it, so it takes some of the premium off, and some of these stocks and i still keep going back and look at how the stocks are trading i would have rather seen all of these people buy ea games and take two, something like that. that to me is where the growth is i don't understand the whole thing. the whole deal is crazy to me. >> then you look at companies that can stand on their own without m and a. i think cbs on valuation still makes sense. it's had a huge run from 50 to basically 60 in a month and a half and it's selling off in the after market and on valuation and a company that can stand on its own regardless without all of the m & a noise and if there is a sel

between time warner and at&t. and it's the deadliest natural disasters since the 2011 tsunami.we find out how long it will take for japan to recover from the latest floods. good morning, asia. hello, world. it's friday, almost the weekend, glad you could join us for another action packed edition of asia business report, i'm rico hizon. it's a merger that could shake up the us media industry for yea rs shake up the us media industry for years to come. 0n talking about telecommunications giant at&t buying up telecommunications giant at&t buying up time warner for 80 billion us dollars, but the us government has decided to appeal this landmark court ruling. —— i'm talking. paul blake has been following this from new york. these are two of the biggest media companies and firms in the us. they just biggest media companies and firms in the us. theyjust got married last month as a result of a two—year legal battle that was widely seen as one of the biggest anti—trust cases in the united states. during the legal battle the government argued that tying up these two companies would essen

julie: breaking news, the justice department is appealing the time warner major -- time warner mergerm sun valley idaho is ed. was this expected? it seemed this was done. it is absolutely unexpected and a huge surprise. the justice department, were not only blocked in their pursuit of trying to stop at&t during a deal, but they are really smacked down by the judge who said they should never have thought them in the first place and said they would be -- you would be opposed to them doing a deal. i was trying to see if it was a may -- if there was a way the market could respond to this. there's going to be, if this happens and they are successful in the appeal, you would see this huge deal be unwound, which would be almost without precedent. scarlet: what level of uncertainty does this add to other deals in the media space? does it make people rethink comcast, fox's assets. as you mentioned, this deal closed and we wouldn't even begin to figure out how to unwind it if they won the government favor and he goes through. ed: the complexities are unwinding. when you think about all the shar

we do have that breaking news on at&t and time warner >> and here's what's happening, mike the u.s.t is going to appeal the at&t time warner merger approval they have filed a notice of appeal in federal court. the justice department is basically appealing the court's loss on the at&t-time warner merger we can see that at&t is down just under a percent in today's trading session. so far we don't have anymore details other than that, but the justice department is going to appeal the approval of the at&t-time warner merger. >> julia with us from sun valley covers the stock i think you're talking to the at&t's ceo tomorrow. didn't judge leon specifically warn the government not to do this in his ruling in favor of the deal >> yes, absolutely, sara this is a huge surprise because judge leon's ruling was so clear and definitive in ruling in favor of this merger there were a number of potential outcomes in the way judge leon could have ruled, but he made it very clear he was approving this merger with no conditions. that's what makes this so surprising because if he had ruled with conditio

he needed the at&t time warner case. the go ahead from the solicitor general of the department of justice of the he apparently got that. news is breaking right now, making our reporting from yesterday official, that doj is appealing the at&t-time warner decision by judge leon, that allowed the two companies to merge. what this does to the companies, what this does to the stock going forward i can't tell you. you know, here's the thing, they will appeal it to the district court, the federal district court in d.c. they think that court has many more obama appointees on it, more consumer related that may not like this deal. remember, a lot of consumer groups opposed the at&t-time warner deal, thinking it would lead to higher prices as time warner, excuse me, as at&t became stronger, could squeeze competitors, competitor distribution outfits, cable companies if they want time warner's content so that is what we have here. they think they can roll the dice with obama-appointed justices in the d.c. circuit court. that is why t

at&t $85 billion takeover of time warner. that blockbuster deal won court approval back in june with, i mean, at the time, you read judge leon's ruling and it seemed so air tight. but the doj, they -- i don't want to cast dispersions on a government agency far , seems le we'll take this to the next step if i was the appeals court looking at the ruling, don't you look at that or is it a totally new deal when you look at it do they come up with their own rationale? try to find something in his ruling that -- >> we had a former doj on closing bell and the appeal has to be based on a matter of law you have to argue that there was a misapprehension in the story >> what is the story now, the conspiracy thererists. >> wanted to make sure the disney/fox deal would go through that you pick up the phone and you say, hey, throw a wrench in this until we can get the shareholder on. >> comcast would get clearance because disney, the studio concentration with disney taking over is even -- >> it's not vertical the idea is if you're challengi

course because the lack of time warner by.ond-quarter numbers are after the bell as well. joe: i will look at numbers for new home sales out at 10 a.m. julie: president trump will be meeting with the president of the european commission, highly anticipated. scarlet: that does it for "what'd you miss?" julie: "bloomberg technology" is up next. joe: have a great evening. this is bloomberg. ♪ emily: president trump tweets tariffs are the greatest and dozens of business leaders traveled to washington to say they are forced to raise prices. big tex slides past the high bar. google delivering a monster quarter in sales beating on estimates. the one investor turning their back

theresa may's brexit plan as he visits the uk the justice department will appeal at&t merger with time warner and a missouri jury ordering johnson & johnson to pay a record $4.7 billion over allegations its baby powder causes cancer. wes bush is stepping down and mcdonald's pulling salad from the menu after reports of people getting sick we have the full details ahead it is friday the 13th and worldwide exchange begins right now. >>> good morning, welcome to "worldwide exchange. don't be afraid of friday the 13th we're here and we have you covered. a quick check on the markets a slightly higher open right now. dow jones industrial average higher than ten points and slightly higher on the nasdaq. higher by 11.5 at least at this point in the early going in asia it was mostly higher overnight. the shanghai composite down 10% and shrugging off any trade wars going on take a quick look at europe. europe, of course, higher today and that continues what we saw yesterday. right now the ftse 100 is the leader higher by more than 1% as president trump continues his visit to the uk. >> in today's top co

at&t is a supplier of distribution to the time warner properties, and time warner properties are a suppliercontent to at&t. and when you have that situation, particularly where you have so few companies in the distribution business, that can make a very big difference at&t can use its distribution business to favor its own content, disfavor others, particularly new start up content, and can use time warner content to favor its own distribution and hurt its distribution competitors we've seen it happen in the past we saw it in the microsoft case that the d.c. circuit affirmed and saw it in the at&t industrial case. >> jeff, it sounds like you're saying this could blow up in the government's face though because if it doesn't go their way on appeal, and many expect it won't, it ends up solidifying the other side of this argument. is the risk worth it >> that's exactly the question when i talked about this issue earlier, that's exactly the question doj had to be asking itself we got one bad opinion, can we live with that in terms of the policy we want to enforce going forward or do we take it u

valued at twice what at&t paid for time warner.ou can say that ridiculous or you can say that's a pretty good deal thanks very much >>> well, now more problems for papa johns coming up we'll tell you about the latest fall out in the racial slur controversy in the chain's founder. >>> and if you think your cellphone bill is high already prepare for a sticker shk.oc wireless bills are on the rise and we'll have the latest for you on "the closing bell." >>> a bad news alert on papa johns. >> the fallout continues for papa johns and its founder and ceo after he was caught using that racial slur on a conference call back in may so far today the company announced it's removing him from logos in the fear future and also sue louisville change its stadium name and also baseball teams as well as the atlanta fal anyones all suspending relationships with the brand in their advertising camp pains the new ceo who took over back in january just put out a statement saying papa johns is not an individual but a pizza company with franchise partners

how the at&t-time warner deal is under threat.n & johnson fighting a multibillion-dollar verdict. 22 women claim their baby powder gave them cancer. then we hear from a former ambassador to ukraine and what he expects out of president trump's summit with vladimir putin. this is bloomberg. ♪ ♪ mark: live from london, i am mark barton. vonnie: in new york, i'm vonnie quinn. at&t says the trump administration appeal against its merger with time warner does not change anything because the deal is closed. the justice department is challenging a judge's decision allowing the takeover. we are joined by jennifer read. his at&t correct? does the justice department has some kind of leverage or jurisdiction in order to stop this deal? jennifer: of course they have the right to appeal. even though at&t is correct that the deal was closed, what they did in order to close early is to hold the turner assets separate. the doj agreed to that because leaves the possibility of a domestic teacher of turner broadcasting as a possible remedy if the doj

at&t bought time warner for $85.4 billion.he justice didn't sued to stop the merger saying it would harm customers. >>> u.s. stock futures rose to a five-month high this morning on expectations of solid earnings reports from u.s. firms. yesterday fed chair jerome powell said the economy is in a good place but that trade issues could end up being a drag on growth. >>> here on wall street the dow jones industrials gained 224 points yesterday. the s&p 500 rose 24 points. po. securi a sions'terd the fcc wants to know if facebook adequately warn investors about privacy issues that cambridge analytica mined user information without their knowledge. the fcc wants more information from facebook. >>> and the pay-your-age promotion at build-a-bear workshops turned out to be too popular. stores across the country could not handle the crowd, and shoppers were turned away for safety. you could pay your age up to a max of $29. build-a-bear says it knows customers are disappoint and plans to reach out soon. some were given $15 coupons. >>> a

justice department says it is appealing the decision allowing at&t's takeover of time warner. is next. this is bloomberg. ♪ it is six: 46 in london. 1:46 in the morning in new york. u.s. equities closed at the highest level in a long time. s&pould see a day of gains, 500 futures almost 0.3%. anna: the trump administration says an appeal against the deal with time warner does not change anything. why does the u.s. justice department appeal against the decision matter? the report. -- we report. to gois unprecedented after a merger that has already closed. toe warner stocks ceased trade. holders moved on. it was a difficult decision in the first place for the justice department to go after a vertical merger. you don't know much about why they have done it. what we do know is when the original ruling came out, they slept down the doj. they were told there was no grounds for it. there were also told at the time, i do not want you to appeal this. highly unexpected. the real knock is what it does for the mood music. comcast making a move. we know disney and comcast competing for the

the government isk going b after at&t's acquisition of time warner, putting the $86 billion deal backn the crosshairs. >>> odd gettogether. chipmaker broadcom goes after a software company and many are wondering why. >> great expectations. banks get ready to report earnings, but will the result end the slump in that sector? those stories and much more tonight. >> oh, yeah. >> on "nightly business report" for this veryusy thursday, july the 12th. >> geepood evening, everyone. buckle up, a lot of news tonight. a blockbuster appeal follows a blockbuster deal. the justice department is going back after at&t's acquisition of time warner appealing a judge's ruling last month that allowed the merger to proceed. the $86 billion deal was closed a short time later, but it could w face anotheround of legal from seedings. shares of at&t came underni pressureally lower in after-hours trading and jia boorstin is covering it for us from sun valley tonigse. good t you, jia. basically, did anybody see this coming? no, sue. nobody saw this coming and it was particularly shocking because it's been a mon

internet pioneer america online announced today it is buying big sprawling time warner, creating the's largest media conglomerate. >> the aol-time warner merger was the classic dotcom insanity. >> $160 billion. the biggest corporate takeover ever. >> this merger will launch the next internet revolution. >> the merger of time warner and aol wasn't really a merger. it was a purchase. >> i am struck by this image today of the upstart aol gobbling up this media institution time warner. shouldn't it be the other way around? >> well, it's sort of startling that a company that couldn't even buy beer is now buying one of the oldest media companies in the country that took a century to get this big. >> we're just scratching the surface in terms of how great these products can become. whether it's the internet, the way you communicate with people. software is in its early stage. there are some real advances that are going to make a big difference. >> microsoft in the beginning of the decade with their operating system and their productivity software was still very, very strong. >> microsoft ch

the merger is closed we own time warner >> and the options market seemed to agree with that assessment and calls outpaced puts two to one in the series of paces that garnered the amount of attention. >> the calls expire next week and 19,000 of them traded hands. what do you think, guys? the worst for tee? >> i don't think the worst is over for tee it is down 1.75% and it was traded lower when they're trying to break up this deal. so what is the catalyst to get it higher? you don't really have any earnings growth. you have a lousy balance sheet and greg moffity talks about that all of the time and you have the directv deal years ago that doesn't seem to be paying any real dividend so they seem to be in no-man's-land here. if i were at&t, i would think about if you're changing your business, maybe cutting the dividend entirely. the market might like that and there's a better chance to see 29 in that stock than back up to 25 >> one of the reasons we saw this unusual options activity and the stock's weakness, i think, was supportive of the idea that the latest government effort isn't going

at&t have the judge's approval to ta ke at&t have the judge's approval to take over time warner and thatcomcast confidence to bid for 21st century fox and now the government is appealing that case and that is what means comcast has given pause to and they have said this isn't the right decision for us —— time warner. it is all about the content. they want 21st century fox's content for future streaming services and to compete with netflix and other companies. in other news making headlines, japanese prosecutors indicted kobe steel after admitting to taking strength and quality data. the third biggest steelmaker was charged with violating the japanese u nsettled charged with violating the japanese unsettled petition law in relation to data falsification after september 2017 in the latest of a string of revelations to have undermined faith in japan's reputation for quality. now, are you looking to study overseas? new research says australia has overta ken research says australia has overtaken the uk as the second most popular destination for international students, following the us. attrac

and then there is this at&t deal with time-warner is boosting it into the add game stats fear but is it about to top the tech ti tans as corporate mesh's greatest personal data spy? you heard me correct, the nations top technology analysts who has some very interesting thoughts on what at&t may know about you. plus, blake burman is on supreme court watch. we're looking ahead to tomorrow 's june jobs report and charlie is going to break it all on the ongoing saga over 21st century fox's bidding war we're less than an hour to the closing bell i'm cheryl casone in for liz claman, let's start the countdown. well, we are getting some breaking news right now, just moments ago, the wall street journal reporting that preparations for saudi aramco's hotly anticipated 100 million ip o actually stalled. now this ipo would have created the largest ipo in history and holdups leaving government officials most closely tied to those process over whether the i po will even happen. now a spokesman declined to comment on the support from the journal so we'll keep you posted of course and the possibilit

think about what time warner has. questionable app that's extraordinary and that to me is the best out here. >> the competition is threatening. they're not here yet i think it was just the valuation on netflix that was off. >> coming up, pot stocks are burning up and one that can light the whole space on fire and maybe give us another hot. >> i'm melissa lee you're watching "fast money" on cnbc, first in business worldwide and here's what cells coming up on fast. >> be very, very quiet i'm hunting. >> yield, the crash in bond, a number of stocks are reporting some pretty big dividend, but traders will tell you which onesones they're buying when that go yield hunting. >> one small step for coin and one giant leap for all cryptocurrencies. >> this one is flashing through 8k and crypto baller b.k. says a wjor obstacle is ahead. heill explain when "fast money" returns why did i want a crest 3d white smile? dinner date...meeting his parents dinner date. so i used crest. crest 3d white removes... ...95% of surface stains in

court to overturn this so whiled they wouy would they s they seem to just want to harass at&t and time-warner, they also seem to want to warn other merger partners. even though we lost big time on this one, if you try to do another vertical merger on media, we're going to sue you and we're going to sue you in somewhere like california and try to get a different ruling. and their long strategy here maybe the supreme court. so they lose now in the d.c. circuit, they bring another case, which they hope they'll winsome day somewhere else they get an appeals affirmation of that, then they win in the supreme court. the supreme court is not going too take this on its own that's the long game. that could be a very long game in my view but i agree with stephenson, this is going to have no immediate impact on them, but other merger partners are going to have to go through 9, 18 months >> he's going to sue them in the justice department >> he said one district court judge and we're going to find another jurisdiction where, you know, they may think differently. they do have the right to do that but it's

burger. -- the time warner merger. see how that plays out in the regular session wednesday. haidi: thank you so much for that. the trump administration is barring the last line to the farmers court with a $12 billion aid package, earlier president trump spoken kansas city and asked primary producers to be patient. president trump: we are making tremendous progress. they are all coming to see us, and the farmers will be the biggest beneficiaries. watch, we are opening up markets. just be a little patient. todi: let's get straight washington. it's quite extraordinary, the president creating a solution to a problem that he created. to quell the concern over tariffs in congress? >> this will help out some term,s in the immediate particularly as they go into september and october, which coincidentally is both their harvest season and they really ramp up in the midterm election campaigns. but republicans in congress were among the most critical, saying taxpayerry expensive paid bandits being put over a self-inflicted wound.

a™ >> the justice department appealing the at&t-time warner merger decision.as blocked the bid to block the deal. was this expected? it seems like this was done. >> it is absolutely not expected, this is a huge surprise. the justice department were not only blocked in their pursuit of trying to start at&t from getting a deal with time warner, but they worse next down by a judge who said they should never have run the case in the first place, in said he would be very opposed to them doing any appeal. i think this is a huge surprise. if this happens and they are successful, you would see this huge, huge deal be unwound, which are the almost without precedent. >> deputy attorney general rod rosenstein announcing the indictment of 12 russian spies for the hacking of the 2016 election campaign. the deputy attorney general says the russians went after 5000 voters, and 12 russian spies will be charged in connection. does with this cast a shadow the over the putin-trump summit? >> this is something people will be talking about through the next couple days, and a relat

at&t, we can put up your picks in the entire media space, but at&t already closed the deal with time warnernts and purposes, can the department of justice appeal and somehow overturn this thing? >> in theory, yes. when they didn't specifically concede they weren't going to pursue an appeal, and so in order to go ahead and close the deal, at&t decided that they would keep time warner wholly separate until the end of the 60 days. so in effect think of it as an escrow, right? the deal is done but aren't starting with the mixing of the assets yet. so there is a 60-day clock. i think ultimately it's unlikely that the d.o.j. will pursue this, but as charlie said, there is clearly some frustration with judge leon's decision here, and there are a lot of people who think the decision was made incorrectly within the d.o.j., and that's what they're going to have to sort out. liz: craig, good to see you, thank you very much. >> my pleasure, good to be here. liz: by the way, craig has picks and pans, we'll put them up on facebook.com/liz claman. he gave us juicy names here. really important, the flatten

>> well, it's interesting, you guys mention the time warner, at&t merger. know, time warner doesn't have the best track record of merging with three companies that started with the letter a i think as far as consumers are concerned, there's cause for concern, certainly vertical integration, monopolization doesn't help consumers, it allows in coup allows them to raise prices, force them to pay more a lot of competing services recently all raised prices by $5, just in the last few weeks you're starting to see a little of that even in the ott space. whether we'll see more i guess we'll have to wait and see, but definitely seems like some mergers could be negative as far as consumers are concerned >> andrew, is there room for philo do you think on facebook watch? do you want to be on facebook? is facebook built to be a distribution platform for the kind of premium content you're trying to put out there? >> we talked to lots of folks about places to make philo available. one of the core principles, we want to build the best tv experience, the best product experi

still ahead, the justice department goes after the recently approved at&t time warner merger. why the federal government is appealing that union now. >> plus the trump administration loses another high profile staff member. why mark short is leaving the white house. >>> welcome back. in another white house aide announced departure from the trump administration. legislative affairs director mark short revealed yesterday he is planning to step down at the end of next week. a short one of president trump's longest serving and more frequent spokespeople is taking a job at a consulting job and will teach at the university of virginia's business school and be as a senior fellow at the university. his exit comes as the trump administration prepares itself for a major battle in congress over supreme court justice nominee brett kavanaugh as well as the midterm elections ahead. he's among the growing list of senior white house staff members who left before the president's two-year mark in an unprecedented level of turnover. the white house announced shahira knight would succeed short. k

the us government was making another attempt to block at&t‘s $80 billion deal to buy time warner, itonth that cleared the deal and there were claims from the justice department that it would harm competition. a very brief look at the markets, a pretty good end to the day for markets in asia, following the lead on wall street. coming up turning season in the us, thinking corporate news will be better than expected. let‘s look at how european markets have opened, they are following the lead of wall street and asia, shaking off any worries of trade tensions between donald trump‘s united states and china. paul blake has the details on what is ahead of wall street. it isa is ahead of wall street. it is a big day for banks in america, several of the biggest names, includingjp america, several of the biggest names, including jp morgan, america, several of the biggest names, includingjp morgan, city and wells fargo are set to report earnings. the expectation is all will be seeing green, but it is not all good news for wall street. late on thursday the us justice news for wall street. late on

how does some of the parts analysis change with time warner and nexus?it's very difficult we're giving those assets which were phenomenal assets up until a few weeks ago, we're giving them to a management team that doesn't really know anything about the business the whole distribution model is going through a shift. the monetization model for the business is going through a shift. so it's what these assets are going to be worth in at&t management's hands remains to be seen look at the asset they just bought which is direct tv. they bought that at more than eight times even just a couple of years ago and it's probably worth four times today >> netflix on a phenomenal evaluation can hbo be given a better evaluation than you guys are suggesting >> well, it's hard to see why it would have a different evaluation it had inside at&t than it had as time warn it's an interesting philosophical challenge. if hbo suddenly became netflix, which is to say a very large pool of customers losing a lot of money, would it get anything like a netflix valuation inside of tim

issue is the opportunity to take all of that time warner content with the nba brand time are name and the at&t direct to consumer subscribers. >> certainly, a fascinating time for you and the companies that you've worked with, and at&t your current partner in auto media. peter chernin thank you for sharing your thoughts with us in sun valley back to you. >> thank you, julia and thank you, peter beautiful backdrop, a lot of traffic. the cars whizzing by how do you think that shakes out? >> we all know the story and we all think we know the story of the lay of the land and fox is up 2% year to date >> at the upper end of the trade, if i were a buy err in the let's not forget about the one that ties this whole thing in, netflix. as we re-created the entire thing and it probably has more juice left in the tank. >> would you rather? >> we did matchmaker. >> matchmaker with the media, and you were gallivanting around wyoming and doing this and that. >> it's the back side of wyoming and what would i say to what >> what combination would you like to see some out of sun vally? >> what would i

trumpacing a renewed administration attack on its takeover of time warner.is successful, at&t would be forced to sell time warner properties. a government loss could restrict future enforcements. uris commerce secretary wilbur ross -- u.s. commerce secondary wilbur ross says he will sell equities. a review found no evidence ross had violated conflict of interest laws. global news 24 hours a day, on air and at tictoc on twitter, powered by more than 2700 journalists and analysts in more than 120 countries. i'm taylor riggs. this is bloomberg. francine, tom? tom: thanks so much. some interesting twists today. it is not a big market day, but nevertheless things to note. s&p futures launch ever higher. curve flattening substantial, under 25 basis points. everything else in sort of a malaise. next screen, if you would come with the vix quite good. sterling up there just because of "the sun" and if mr. harroent was to go to d's and get something. are starting to focus on pretty solid outlooks for seven quarter results -- for second-quarter results. donald trump wa

charlie told us wednesday, he said, the doj will appeal the at&t time warner merger decision and then course the news broke last night. officially they would. charlie hit the streets of sun valley right after that, tracked down the at&t chairman and ceo randall stevenson, got him, find out what he told charlie about that, but now what the ratings agencies are warning. jardiance asked- and now you know. jardiance is the only type 2 diabetes pill proven to both reduce the risk of cardiovascular death for adults who have type 2 diabetes and heart disease... ...and lower a1c, with diet and exercise. jardiance can cause serious side effects including dehydration. this may cause you to feel dizzy, faint, or lightheaded, or weak upon standing. ketoacidosis is a serious side effect that may be fatal. symptoms include nausea, vomiting, stomach pain, tiredness, and trouble breathing. stop taking jardiance and call your doctor right away if you have symptoms of ketoacidosis or an allergic reaction. symptoms of an allergic reaction include rash, swelling, and difficulty breathing or swallowing. d

bell today, telecom giant at&t and while this report will not include its recent acquisition of time-warneruld investors be scrutinizing? i don't know it's always interesting to read into one company and what it might mean for others in people's portfolio s nicole? nicole: that's absolutely right liz and i just got off the phone with the raymond james analysts and we looked closely at at&t, its merger with time-warner and how also from this morning when we heard from verizon so he told me really key points so now while they won't have past numbers with time-warner, he said it'll be key because they will figure out the integration going forward, hbo, directv, the outlook and integration and the numbers are very key so they will be listening closely to that. also looking for improvement in directv overall they've added dvr, so that may shift things a little bit and also said you know the doj of course jumped in with the appeal and he believes even though the judge recommended the doj not doing that he thinks at&t will win the appeals process against the doj but that there will be an over hang

at&t owning time warner and hbo. can they reorient the business? >> again, we have to wait and see.y have owned this asset for one month. i do think at&t's strategy is the right one. if anyone has children and watches how they consume, they're not looking at the linear tv screen. they're looking at ipads, iphones and at&t is onto something. we talking about three cultures. how they are able to thread this needle is something worth watching. vonnie: something else analysts will be watching is the progress of five d. can i bring -- five g. can i bring in t-mobile? >> this deal was announced in april where we gave it a coin flip's chance. we are more positively biased on the success here. at&t did sprint and t-mobile a favor. they widened the lens. if sprint and t-mobile can show that they will be stronger to companiesth the faang as well as at&t verizon, they have more than a 50% chance. we will know more in the fall. what is the situation for the consumer 12 months from now when it comes to these deals? is the consumer better positioned? if sprint and t-mobile is approved, a large pa

time warner until february of two thousand and nineteen so there's a six seven months here you know whereit's ok with they want to start let's move on we talk about the merger madness and of all the mergers going on all over the world the u.s. has the highest number of mergers and that's especially true we talk about tech companies a lot of them are talking about merging and and let me just ask you i mean when you look at all the companies out there google facebook etc me aren't some of these already monopolies and if you're a consumer i would imagine a lot of people would would think that are they going to be facing increased scrutiny by and i trust officials but i think they will i think companies like google facebook and amazon will be facing scrutiny i mean we're at a point now where the trumpet ministration republicans and democrats they're all on board that you know they're concerned about how large these companies are and how much data they actually have now that that doesn't mean that there's a trust problem here you know big is not necessarily bad. you know and these companies yo

switch gears department of justice challenging approval of at that time at that time merge with time warnerreacted to the news as soon as news broke here is what he told fox business network charlie gasparino. >> well -- uh -- >> we actually built it yesterday that they were thinking of doing this they did it. meaning that they are going to try to break up the company break up the merger your thoughts. >> i don't think many people are surprised that they filed to an appeal loser always has the right to appeal, that is what they have chosen to do judge wrote a very thoughtful reasoned thorough order we feel very good on appeal so no sproo i have. >> if you are a are shareholder how should you feel about this i mean technically two different companies narrow right this won't disturb the merger as it is. >> merger is closed we are about executing right now we are past all that this is in the lawyer's hands until they go to appeal. >> are you will you take to supreme court if that is where it goes. >>of course we don't anticipate that. >> d.c. circuit court interesting left leaning judges could

so we'll have to see how the at&t-time warner deal plays out.urse, both of those ceos are also expected here back over to you. >> julia, aol and twx, we thought we'd play matchmaker here, media style, of course each of the traders will pick two names that they think will be a perfect match. >> i'll start it off with amazon because they're always going into a different area. i think they'll go after lion's gate i tfrpg makes a lot of sense and there are partnership deals with starzz, and they've got the film and the distribution and a lot of different reasons why this could make a lot of sense. >> it doesn't mean it's going to happen, but if i'm playing the game i think it could happen. >> i agree lion's gate is the perfect acquisition. why didn't amazon try to do this themselves, though this is also what amazon does. >> it speeds things up because they've got the infrastructure set up in terms of distribution, because right now, amazon when they distribute they go from lion's gate. >> your match. >> for me, it might sound unconventional, but i t

lost the case to break up at&t-time warner deal. when that was approved by judge leon, that ushered in the comcast bid and possibly other merge or the beyonds that, hey, this is established precedent here. we could go crazy with deals. what we've heard is that at&t-time warner deal is still, d.o.j. is still looking to appeal that deal. they have not given up an appeal, and they have until what i understand august 11th to decide whether to issue an official appeal. here's the fly in the ointment. they're getting resistance from the solicitor general's office. whenever the government needs to appeal a ruling against them whether it's through a federal appeals court or even the supreme court, you need the solicitor general's approval and from what we understand, machem della rim has privately decided he wants to appeal the at&t case but getting pushback from the solicitor general's office. if he can convince the solicitor general's office to go with this, allow him to appeal, you will see appeal of the at&t-time warner decision. and wh

. >>> still ahead, the justice department goes after the recently approved at&t and time warner mergerling the union now. across the country, we walk. carrying flowers that signify why we want to end alzheimer's disease. but what if, one day, there was a white flower for alzheimer's first survivor? what if there were millions of them? join us for the alzheimer's association walk to end alzheimer's. register today at alz.org/walk. (man)(woman) beautiful just like you. (woman) oh, why thank you. [both scream] (burke) coupe soup. and we covered it. we know a thing or two because we've seen a thing or two. ♪ we are farmers. bum-pa-dum, bum-bum-bum-bum ♪ you shouldn't be rushed into booking a hotel. with expedia's add-on advantage, booking a flight unlocks discounts on select hotels until the day you leave for your trip. add-on advantage. only when you book with expedia. add-on advantage. are you ready to take your then you need xfinity xfi.? a more powerful way to stay connected. it gives you super fast speeds for all your devices, provides the most wifi coverage for your home, and lets yo

at&t and time warner closed their blockbuster merger last month after two years of legal wrangling ande in the us. but earlier this month, the us government said it was going to appeal the court loss which allowed the merger to go ahead. now wall street will also have a keen eye on harley—davidson. the iconic american motorcycle maker has found itself in the crossfire of the trump administration's trade disputes. last month, the company said it would be shifting production of motorcycles bound for the european market overseas to avoid tariffs that could cut into the bottom line. into their bottom line. traders will have a keen ear out for any details on how harley plans to make that move. joining us now is mouhammed choukeir, chief investment officer for kleinwort hambros. good to have you with us. your take on the tech results and alphabet in particular? yet another data point of the resilience of the tech sector and we have seen this over the last couple of years, the so—called fangs they have been performing exceptionally well, facebook, apple, etc. double—digit growth, phenomenal f

it's one that infamously produced the aol time warner merger and jeff bezos's purchase of the new york-- jeff bezos purchase. everyone who is here is you matters, we have had mr. murdock always, sure redstone is , it really is a hit and miss in terms of media m&a but you also have people from the tech world project basis is here. and you'veong list seen this cavalcade of power and influence driving up the road. vonnie: warren buffett calls it an abwa sort of conference. i'm curious as to whether brian roberts and murdock, maybe bob iger might get together at some point. >> or whether they will try to avoid each other. we saw this morning fox come out with this latest salvo, the of their bid for sky significantly. tot is murdock's latest push say to brian roberts i want you guys to leave us alone. so we are seeing a lot of that playing out in real-time while they are here which we should know. normally at sun valley, deals get brought into the world. now we are in a situation where a lot of these moves or any sort of -- mike a resolve their differences? -- mike they resolve their differ

forced to sell the time warner properties.overnment law could restrict future enforcement. global news, 24 hours a day on air and on tictoc, powered by over 2700 journalists and analysts in more than 120 countries. i'm kailey leinz. this is bloomberg. ♪ alix: thank you. president trump and the u.k. prime minister are in the middle of a working lunch and we will hear from both of them at a news conference at 8:45 a.m. eastern. and all the angles are covered for you. we have our correspondent on the ground. alex, who leads white house coverage, is in london. and from washington, kevin cirilli. and on the phone, alex morales , u.k. government reporter. we want to start in london. start the stage for us and what we can expect in one hour's time. >> good morning. the first thing we need to talk about is this interview in the sun newspaper. may has wrecked brexit, u.s. deal is off. this is what everybody is talking about, donald dealing another blow to the prime minister. he mentioned that yesterday and he is doing it again. not onl