those should allay the concerns here this means better broadband for time warner cable subscribers. comcast has upgraded speeds 12 times over the last 12 years. it offers faster speeds in many markets than time warner cable does. so, if what we are concerned about here is americans getting better broadbastband, this is great for consumers. it's supposed to save 1 and a half billion dollars in efficiencies of running the two companies together david gelles, we hear so much about cable cutters. does this position the company in a different way to handle a public that's already starting to look past cable t.v. as a product? >> certainly. and this is something that brian roberts, the ceo of comcast has been working on for several years. if you look back to the rationale of the nbc/universal deal, that was about creating a company that had both content and distribution. this now, you know, pushes the distribution side, but it impasse sizes the future is going to be over the web, not television pipes. >> the web enters a lot of homes via cable television? >> by far, the number 1 source for

comcast taking out time warner cable. this is a long time. itz, brand-new industry and now dominating our lives. >> dominating is a dominant theme. consolidation and airlines, cable. even in retail. >> or martin sorrell said about the overall gdp. sorrell.rtin a data check with scarlet fu. >> retail sales numbers coming up this morning. jobless claims. futures down by 10.5 points. 10-year yield unchanged. >> good morning, everyone. bloomberg "surveillance." at of our interviews out bloombergtv +, and bloomberg radio. scarlet fu and adam johnson with me. >> we mentioned pepsico reported earnings earlier this hour. came in just above analyst estimates. the company boosted the dividend and announced a $5 billion stock buyback row gram. this is a challenge for pepsico. volume continues to fall. north american volume last year sliding three percent. , hughliu is with the cfo johnston. >> you hit all the really big points coming out of the earnings release. thank you for joining us this morning. >> good morning. scarlet mentioned, you boosted your d

time warner cable wanted them to pay more money. charter was talking to comcast about the possibility of comcast acquiring some of the assets of time warner cable and along the lines they decided comcast, it's a better move to get bigger than everybody else and have control over marks like new york and los angeles and chicago, philadelphia, the d.c. area. they truly are the biggest player in the cable business in the united states. >> right. but is this deal going to go through, peter? the regulators made it clear with at&t and t-mobile they wanted four wireless carriers. is it going to be any different with cable companies? >> well, it is because they are different businesses. yes, the government is going to scrutinize this very carefully. you get number one and number two joining together, that automatically raises a lot of flags here in d.c. because there is that full spectrum of competition from the satellite providers and google and the things over the internet, a lot of folks i'm talking to say this is going to be looked at a l

comcast buying time warner cable. $159 a share and would make the largest cable network in the nation. >>> pepsico announced a new five-year $5 billion productivity program. joining us right now to talk more about it, from purchase new york, hugh johnston, pepsi's chief financial officer. it's great to have you here this morning. thank you. >> thanks, becky. good morning. great to be here. we're excited to publish results today. >> these are better than expected numbers. what happened that the street wasn't expecting? >> i think it's a variety of things. i think the company is performing really well the portfolio we worked on is working both from a product and from a geographic perspective. we've become more productive over time. we're driving more cash out of the business. in addition to the strong results, our long-term guidance we announced 2014 in line with and in addition to that, our cash return to shareholders will be up 35% which we're particularly excited about. >> some of the cash returns, lets talk about so

in the months that followed it, failed to get time warner cable to the table and during that time timea number of times and said, come on, guy, just pay the number we want and buy us. it's going to be good for you. it's going to be good for us. finally, brian roberts decided to do just that, in fact. despite what may very well be a tough regulatory review not just from the department of justice but from the federal communications commission. as for the financial thoughts behind the deal, i did search warrant 60 roberts earlier today on "squawk box" why it's a good deal from that perspective. >> when you take out the bill and a half synergies we're paying 6.6 times cash flow to buy some premier markets and a premier company. and that's because of the synergies. and when you look at that, that may be the most attractive acquisition we've done in many years. >> sounds to me -- they're doing it and saying it's going to be free cash flow accretive very, very quickly. of course, all with stock. they are not bor lowing anything. they will keep leverage low and institute a $10 billion buyback

it is easier for comcast to absorb time warner cable into their balance sheet. charter would really have to lever up. they were already pushing their leverage target to above five times, which is a lot for the cable industry. even largered an deal here, they would run into a situation where banks might start to get hesitant on loaning them so much money and time warner cable would certainly resist turning into a company that has so much debt on their new balance sheet. >> we have to leave it there. i want to ask one thing. what are you wearing right now? shirt.ck pants and a t- >> that is not that exciting. >> alex has been in the office literally all night long. >> he is hard-working and wearing a black sweat suit. thank you so much for joining us. we will check in with you later. as we mentioned, regulation is an issue here. washington will have to bless the calm cast and time warner combo. cook, to bring in peter who has more on that part of the story. down inthe initial take d.c., even though i know everyone is holed up in their houses and afraid of the snow?

if they do the deal with time warner cable, you would get the time warner cable app on your tv.the smartest guy in the room. you think they are surprised by this? >> yes. this was done in complete secrecy. >> philadelphia outsmarting cupertino? >> outsmarting everyone. it's changing the landscape. >> why is apple left in the dark here? have been in discussions, active discussions. are doing that, you're still negotiating. either side holds back information to leverage each other. ofyou think the city brotherly love is messing with apple's game here? >> a could be. you does not change is if are apple and you're trying to offer channels directly to people, it's a tough game because of the connection the cable industry has with the players. intel creates the school new tv product and says, -- this cool new tv product and says, we are going to sign our own content deals. they were not a position where they would get the same kind of rates the cable company would .et apple is in that same -- whether comcast or time warner cable comes together, apple is a challenge position of being a

and it announced its intention to buy time warner cable. would give comcast a whopping 30% share of the pay tv market and 30% of the internet broadband market. cable has been consolidating for two decades now. at the same time cable faces growing competition from satellite tv, if the new deal goes through, comcast will have that many more subscribers, and twice the size of dish network who are trying hard to compete with the cablers. new online video services are also getting into the game. they have been making inroads as they tear down the traditional appointment-viewing model. and then there is the issue of customer service. comcast and time-warner get lower scores than their competitors. bad service and rising bills have prompted customers to shop around. the average cable bill just for tv has almost doubled in the past 15 years, so when a competitive environment with more customers slipping away the merger from a business per executive looks good ju but for the consumer's the implications are not so clear. >> reporter: by my measure co

so those should allow the concerns. >> it offers more speed than time warner cable does. if the concern is getting better broadband, i think it is a great deal, and it is supposed to save $1.5 billion. >> david, we hear so much about cable cutters does this position the company in a different way. do start looking past cable t.v. as a product? >> this is certainly that the c.e.o. has been working on for several years if you look back to the universal deal, that was about creating a company that had both content and distribution. this now pushing the distribution side, but as it was just said, also really emphasizes the future of distribution is going to be over the web, not through traditional television pipes. >> but the web enters a lot of homes, craig aaron, via cable television, doesn't it? two same -- >> it is by far the number one source. it is their only option, if they want truly high speed broadband that's the kind of power that cable will have over what we watch, see, hear, and read. and their ability to stir zero with that connection in the future, not that far

. >> it is official that comcast is buying time warner cable in an equity deal valued at $45.2 billion. >> $45.2 billion. that values time warner cable at $158.82 a share. i think we have heard that number somewhere before. >> would think we can create tremendous value by running this company on our own. if charter wants to transact $158 is the price. >> this was the cable love triangle. charter try to buy time warner cable but twc played hard to get. now, comcast was going to be in on that deal, potentially buying some of the assets. >> we were hearing that comcast was going to enter into a friendly agreement with charter to try to acquire time warner cable together, so the news that they have done an end run around charter and done a friendly merger with time warner cable came as a shock to just about everybody last night. >> ok, so let's get past a surprised factor. buying the second-largest u.s. cable company brings comcast more than 11 million subscribers. it gives comcast access to new york city market and more provider content. so the question is -- how big does that make the ne

the deal could be a major coup for time warner cable ceo rob marcus who just took the top job last monthoth companies in europe at this hour, comcast is up fractionally, about 0.4%. while time warner cable shares have surged more than 14%. this is a very big deal. and, of course, even though we will have the ceos of both companies on "squawk box" here in the u.s. this morning. back to you. >> yeah. plenty to get through with that. bertha, for now, thanks. let's get some thoughts from alex. there we go, brian roberts and rob marcus on "squawk box" this morning at 7:00 a.m. eastern. here with me in the studio, alex cruz. your reaction to this deal? >> it's a very big deal. $45 billion, stock deal, reminds me frankly of the heyday, 1999/2000 when we were seeing lots of deals of this magnitude and a titan in terms of u.s. cable. >> 18% premium over the company's latest stock price. we could view this as -- do you see this as clearly a friendly deal? >> it looks like a friendly deal. it looks as though both boards will recommend it. critically, it's not hostile. that's the basis from which th

with time warner cable. >> time warner cable was very open saying we may be for sale at the right placeight price. i was speaking with one of the bankers involved in this deal, and he was saying that what kind of turned the tide in many ways johnrian roberts was that malone and their team came in and kind of complicated the situation. they made the deal seem so complicated for shareholders. whereas it was very simple and betweeny, an alliance comcast and time warner cable. that is what he said kind of turned the tide for ryan roberts 18, i think that it's a much easier deal to deal with. >> one, it is an all stock deal. here's a price, here is all stocks. the charter bid was both stock and cash. time warner cable wanted a collar on the back. it got complicated. the second point is that cable is a collegial industry, not competitive, because all of these companies don't compete with each other. there he simple in a way that comcast and time warner cable, who have done a lot of working together over the years, will come to a friendly agreement instead of a hostile bid where a smaller comp

there is the gross at time warner cable out there. e not talked about -- enough about management of time warner cable that actually has done the right thing for shareholders. they should be taking a massive victory lap. >> i think they are. they got to $160 a share. i think it is their victory lap. i think they are doing the right thing. i think this is a valid vat. i do not think it is like at&t or t-mobile -- i said on bloomberg, i think it was an over-the-top that and the fact that at&t was able that's willing to pay a 3 billion dollar break fee was silly. i think this is a more realistic bet. >> wearing stripes, adam did not get the memo. >> but i did not know about the red bowtie. >> my youngest brought me this years ago. wearing it fory valentine's day. and if you are doing the right thing, buying a little chocolate fu, chocolate. cost more and it is likely to keep rising. is up ninef cocoa percent, it has not been this excited since of the 11 and the problem is the farmers cannot keep up with a man. a trade group says it is not

. -- comcast agreed to by time warner cable. it faces a lengthy regulatory approval process. comcast will have sealed this dominance over the cable industry. jon erlichman is with us from l.a., peter cook is in washington dc with the political angle. i will start with jon. how did this happen? >> this interest from charter, to get bigger in a world where we have a lot of options. it has to get bigger, more meaningful to people. obviously, charter had this great interest in doing this deal. time warner wanted charter to pay more money. the possibility of comcast acquiring some of the assets of time warner cable. along the lines, they ultimately decided that comcast was the better move for them. getting bigger than everybody else and having control over markets like new york, los angeles, chicago, philadelphia, the d c area. they are the biggest cable player in the united states. to gothis deal going through? peter, the regulators made it clear with at&t and t-mobile that they wanted more wireless carriers. will it be different with cable companies? >> it will be different becau

time warner cable and the time warner cable is not tom time warner the bigger right so exactly comcast is one of the most powerful companies here in washington d.c. i think that's demonstrated by the approval that they were able to secure of their merger with n.b.c. universal a few years back huge power players and they expect that this deal will go through and they are selling something that they're hoping washington will buy but from what we've been hearing from the american people folks were suspicious of this deal from the very start these are two companies that always rank on the bottom when it comes to consumer satisfaction in customer service so there are some real questions here and customers are right to be asking questions you notice when comcast talks about the benefits of this deal one of the things that they never mention is lower prices for consumers and in fact consumers can expect that their prices will continue to rise at this merger is approved that's coming. at the consumer level it seems like increasingly we're seeing basically something that looks like monopoly her

it's going to buy time warner cable. number one, number two, put them together. you got a big cable company. shares of comcast right now, down about 4 1/3%. time warner moving the other way, up better than 6% at 1 144.20. >>> and sue in the house. >> messy getting in. i'm here. start with the weather. at one point snowing so hard the plows couldn't keep up. it's very unsafe today along large parts of the east coast and the storm isn't over yet. so here's the weather channel's tom niziol. >> winter storm packs one of the biggest winter storms for the u.s. so far this season. over 83 million people have been impacted by this storm, and i'll tell you what, if you look at this, one way to look at it on a large scale is from space using our satellite imagery. the big spin in the atmosphere bringing tremendous amounts of moisture in off the atlantic ocean. now that's affecting the mid-atlantic and the northeast for the rest of the day. here is the low pressure system. one way to look at the strength or intensities of these lows is to look at the central pressure. from t

comcast, our parent, moving to buy time warner cable for $45 billion plus. we will hear exclusively from a man who rarely gives interview these days, former time warner ceo gerald levin. get his take on this deal, which should be very interesting because it is the content providers who some say could pose an obstacle to this being approved. so a lot of folks will be listening closely to gerry levin in a few minutes. >> now let's look across the markets. we started the day negative. we had weak sessions overnight across europe and asia. some worries about earnings. the yen was stronger. right now, as we stand and head into the last hour, things have turned around. the dow is up about 66 points. it's back above 16,000. the s&p 500 adding several points. same with the nasdaq, which is also green at this hour. >> by the way, in case you really are paying attention, today janet yellen was supposed to testify before the senate banking committee. that has been postponed because of the weather. let's talk about the markets in our "closing bell" exchange with patty ed

time-warner cable is valued at over $37 billion, with more than 12 billion subscribers. is just a cable provider, . but together time-warner cable and comcast have more than 33 million customers, and because of its size the merger is expected to face tough review. comcast on top with nearly 22 million subscribers. direct tv and dish network have 20 million and 14 million subscribers. time-warner cable is next with 12 million subscribers. and then is verizon, cox, at&t, and charter, each with more than 4 million subscribers. brian roberts pointed out that his company and time-warner cable serve different parts of the country. >> we don't have any zip codes where we do business in the same zip codes in the country. so if we look at the competition, this allows us to compete better. >> while speaking of competition, the key question is what will this possible merger do to consumer prices? and analysts are not sure. the new larger company would have more power to keep content providers like espn from charging higher prices for their programs, however, it could raise monthly

consumers in time warner cable will see subtle changes to their services. some sorts of improvements over time. that will take a while to implement and integrate. but relatively subtle over time. not inconsequential. >> a difference - comcast is seen as being aggressive than time warner cable with tv everywhere products, allowing contents on mobile devices. another difference, comcast has more on demand programming. comcast calls the deal p proconsumer critics think not. >> of 19 of the 20 largest cities, there's one choice, comcast as the local cable monopo monopoly. that means second class service at high prices with no option to choose anyone else. >> the deal is expected to come under scrutiny from regulators. comcast says it will shed 3 million subscribers. observers expect concessions will be needed. >> we should add comcast says it will follow rules for net neutrality, treating all online traffic equally. >> researches in california say they made a breakthrough in an effort to develop a new source of energy. the work could lead to an endless supply o

time warner, that does not seem to be the case. would you say john malone is the loser here? >> he didn't win time warner cable>> he didn't win yesterday. everyone makes sports analogies. the differences with a football game, at 3:00 you know who one. with the investment business, you turn it on at noon and you know who won five years later or 10 years later. the person with the highest score one and a football game. >> just because comcast won the deal doesn't mean this was a great investment. >> there is a right price and a wrong price. you can overpay. one of the things that drives me crazy is in the industry, it drags on our business. buying is not success. buying and making money is success. >> we are going to cover more. >> welcome black -- welcome back to bloomberg television. i am stephanie ruhle joined by matt miller. >> 26 minutes after the hour, that means we are on the market. we will take a quick look at futures here. very little change in the futures market. the s&p is a tiny little green arrow there. nasdaq futures up 1/10 of one percent. it was such a horrible start to 2014. we have had the bes

one thing when viacom was at war with time warner, right? time warner cable just about everything because they pulled their programs like showtime and dexter, you name it. whatever, they had a lot of stuff. think about it this way, will they be able to play that type of hardball with this mega-company known as comcast with time warner? it changes the dynamic of the labette. they need the content, to have the access. but still, you have to think comcast has sharp elbows and when you have sharp elbows and you are strong and you are powerful, you can call more shops so it puts us and other content providers in a weaker position. liz: contract still in place, so we will see what happens when all that expires on after we have been fired. >> thank you for setting me up perfectly. liz: thank you very much. charlie gasparino. cisco planning to take networking to an entirely new level. working to win over investors disappointed with the stock price, this silicon valley company leader chairman and ceo with us to talk about why he believes the cisco is on the brink of a

the potential deal -- charter looking after losing out on time warner cable. what are they going to do now that they lost? >> the magnitude of comcast-time warner cable is so large that the others are like -- so what? cox thatrter boought would be -- it is something. you have to consolidate to get more, right? >> i am baffled by the pushback from washington. stocks here in the u.s. and europe are fairly quiet. you are talking about what happened in japan. the gdp number -- gdp rising a 1%. they have been trying desperately to grow the economy in japan. that is a huge session. 3.1% was the gain overnight in japan. moving on, bringing it right back to the u.s., republicans planning to put their big-ticket legislation items on the shelf. it is hard to get anything done in washington. immigration, tax reform, you name it. >> this has been a slow three-day weekend. this was the news item, wasn't it? , itot that it is new news appeared last week that speaker banner had pulled a rabbit out of -- speaker john boehner had pulled a rabbit out of his hat about immigration

aol brought time warner and comcast buying yuan ver sal. the news today is a huge play in cable, comcast wants to buy time warner. number one takes over a two to create a bigger number one. the merger is more than cable tv, and we are discussing what it means for the business of media and for you the consumer. craig, we should talk about net neutrality and that sounds like a cable tv deal, but the internet is important to both of these companies, isn't it? >> yes, it is all about the broad band, that is the future, comcast is a largest internet provider and time warner is adding a big footprint and in the end it is about broad band and efforts like comcast to continuing to tying the profits to the television services. if you subscribe to cable to get whoo you want online that is good for the business. for most of the americans, these companies could be the only option for high speed broad band, for most places if you truly high speed internet you are talking about the cable provider. >> how does net neutrality and the rules and debate about the future of the internet play into t

and time warner cable is the most hated. a couchle of theories.ne, it is possible that this larger company will be able to keep the prices down, that are. >> thatted by content providers like disney. and if it can keep that prices relatively low, then you don't have to increase the fees that people pay each hospital. on the other side. whether this new company be able to jack up fees themselves and there's not much that consumers can do about it. >> what are you working on? what else? >> i knee you are all about the american dream, and all of us being able to realize our potential, a lot of people that involved home ownership. there are a lot of people out there whose dream is changing and they are making the decision to rent. and for all those people that are making that calculation. all right, david, appreciate it. the u.s. military is upset about the release of 65 prisoners in afghanistan. now despite u.s. demands the release is of no concern to the united states. jane ferguson has our report. the government has insisted for weeks it will relea

comcast scored 63%, time warner cable scored 60%. zon, direct tv and dish scored higher but not by much. comcast and time warner said they are working diligently to improve customer service and for now this megamerger requires government approval which means facing intense regulatory scrutiny focusing on customer pricing, they will bring the pipeline into 19 of 20 top markets in the country. we have breaking news, moody's is saying it is taking time warner's rating of review for downgrade and could be upgraded. the bond market is reacting positively to time warner's bonds versus charter communications deal with time warner. that is the breaking news. dagen: thanks, liz macdonald. do you like it? connell: i do a lot. dagen: chronic problems. could just be me and my general energy. connell: another area where we agree. new developments on the target breach that has been all over the news. experts say they allow the hackers to integrate target's network some more on that coming. dagen: nascar's champion didn't even make the playoffs. wha

comcast so much power the many so many places, you know, they're going to be able to -- right now time warner cable is a local monopoly. i don't think that's a good reason to create an even bigger monopoly, the fact that we've carved out a cable cartel all across the country, but in their own way, time warner cable isn't a programmer anymore, so they had some reason to rye to keep down the cost of -- try to keep down the cost of programming. comcast doesn't. if the cost goes up, they just move it from one pocket to the other. so i think there are so many -- and i see why comcast wants to do this deal. there's amazing economies of scale for them. but from the public perspective for what we're already paying for, i pay, you know, in my case verizon a lot of money because i want to watch netflix. that's what my $80, $90 goes to. and that's where all of this is going, into an on-demand world. i think from a consumer's perspective, what you don't want to see happen is a world in which in order to get this content, i've also got to pay for my cable sup subscription. i understand that, that's comcast's mo

it offered to buy time warner cable. it's bid was much lower. time warner cable holding out for a higher bid has worked out. but now investors and annual lis are asking where does charter go from here? who else can it team up with? that's why we're seeing a decline in shares today. >> if that deal is going to move forward, government regulators are going to have to give this the green light. what else do we know about this? >> that is one of the risks associated with this situation. that's one of the risks to the deal. we might see comcast divest some of its properties and charter, which i just mentioned, that company might be able to pick up some of those assets. >> thank you so much. let's go to our chief washington correspondent peter cook. he has more on this story. is this going to be an up hil fight on the regulatory front? >> anytime you have the number one cable company and number two cable cun company joining together, you get some red flags and we'rey views in washington. at the end of the day analyst players think this deal will likely

the battle between john malone and brian roberts over time warner cable. nto this with alex sherman along with sir martin and then other guests this morning on the acquisition by comcast. brian roberts of philadelphia and comcast. their acquisition of time warner cable. this is a stunning development. it happened last night. we'll perhaps see that announcement this morning. we'll dive into that. also, david stockman with us. we'll talk to him about the budget. about the deficit. about the disarray in his republican party. >> thank you very much. and obble we'll have this coming up. >> a bitter taste. nestle posted the slowest sales growth in four years. live with its chief executive next. > but things are looking up. live on bloomberg tv later. >> welcome back. live from london on bloomberg tv. >> nestlÉ, the worlds largest food company posted the world's growth in four years. joining us is the ceo. these numbersall as disappointing. how would you see them? feel they are strong figures. the growth is composed with very soft pricing that will not need it. re

a mega media deal, comcast buying time warner cable.at it means for co industry play irs. and the woes of the wealthy, what's upsetting the rich now? this is going to cause some outrage, scottie. we have it at 1:00. see you then. >> all right, see you then. thanks so much. >>> beer giant molson coors reported better than expected revenue but falling short on the bottom line. if it time to tap into molson coors stock? joining us now is the president and ceo of molson coors, peter swinburn. peter, welcome. good to have you on. >> good to to be with you. >> the headlines today seem to be dominated by things like molson coors could use a beer buddy. that coming from ahead of the tape in the t "wall street journal." i saw somebody else say that you have strengthened what some say are irrelevant markets and weakness in relevant markets. is the market missing something? what is the market getting wrong, if anything? >> well, i think everyone has got their own agenda. it's the irrelevant market, one i haven't heard. the united states is the big

time warner cable is a separate company from time warner, the parent of cnn. story we're following today, this huge, huge cable deal. >> you know, i have some breaking olympic news right now, and it's rare good news for the united states. >> what is it? >> the u.s. just swept the men's slopestyle skiing. >> fantastic. >> got the gold, silver and bronze in that, so congratulations, usa. you will probably not be able to see that on tv for about 14 more hours, but we're giving you the results right now here on cnn. >> that would bump us up to 10, 11 medals? >> yeah, probably up to third place. go, usa. >> third place, all right. >>> coming up next for us, huge, huge flooding overseas. entire towns, beautiful villages under water this morning, and there is a new storm coming. we are live right after the break. [ male announcer ] it's surprising what your mouth goes through in a day. but what's even more surprising is that brushing alone isn't enough to keep it clean. fortunately, you've got listerine®. unlike brushing which misses 75% of your mouth, listerine® cle

the 11 million you are talking about is just time-warner cable and smuft -- just what comcast will be swallowing and adding. what cable consolidation really drives is price increases, not so much innovation in our opinion. we've seen cable prices go up 6% a year and three times the rate of inflation in two decades now and we think putding so much more control in one cop -- company's hands will just continue that spiral upwards. obviously good for investors but not for consumers and for programmers who will be so dependent on comcast for getting carriage for their program. >> amy, does that make sense? >> it makes sense but he -- i would note that the reason cable prices have gone up is they have to pass through the rising costs of programming. cable companies have a very bad reputation among consumers and comcast is the leader in this space and they're going to ring a lot of innovation and leadership to time-warner cable the >> matt wood, do you think they're going to improve the experience for customers or just going to cut costs? >> well irs think they'll cut costs. most people will

we have the man who exposed next. ♪ stuart: look at time warner cable and comcast. now they are getting together or at least they want to, stocks moving in different directions, time warner up 9, comcast down 2. netflix and other streamers, that deal might be time warner comcast could be good news for streamers, more people get rid of cable, who knows? streamers are doing well. big compact car recall for ignition issue. at stock down 35. burger king, a new menu items helping burger king's profits and stock is up 2%. better performers in america, profit margin, the stock is up 1%. next, the man who exposed the those facebook white farmers. staying active can ease arthritis symptoms. but if you have arthritis, this can be difficult. prescription celebrex can help relieve arthritis pain and improve daily physical function so moving is easier. because just one 200mg cebrex a day can provide 24 hour relief for many with arthritis pain. and it's not a narcotic. you and your doctor should balance the benefits with the risks. all prescription nsaids, like celebrex, ibuprofe

comcast announced it's buying time warner cable, that would give comcast a third of the pay tv, broadband market in the united states. mary snow has the story. >> comcast's proposal to take over time warner cable is huge. there's a $45 million price tag and the reach. by buying the second-largest cable provider, comcast would have 33 million subscribers, cementing its place as the largest cable company. >> to put it in perspective, when chase bought jpmorgan, that was a $33 billion deal. this was a large merger. >> the deal was unexpected, coming after comcast became a major comcast producer by finalising purchase of n.b.c. here is how comcast stacks up. of paid tv providers, they are the largest with 22 million subscribers. satellite providers, direct tv and dish network. time warner is next. >> what can consumers expect. an analyst covering the industry says changes for consumers will not be dramatic. >> consumers who are in comcast markets probably won't see a change at all. consumers in time warner cable see subtle changes. some sorts of improvements over time, that will probably take

cable households in the u.s. and become a dominant force in delivering tv content. the all-stock offer would give time warner shareholders $159 a share. pretty big premium. stock's closing price today of $144.81. julia borstin has more. >> reporter: comcast acquisition of time warner cable, if it's approved, would create a cable and broadband internet giant with nation-wide reach. comcast saying the deal will pay off and start generating money in year one. in part because it will have operating efficiencies of $1.5 billion. >> comcast buying time warner cable gives them a huge nation-wide footprint to decrease competition, obviously provide a muchct for the average american consumer. >> reporter: but consumer concerns will be under the microscope when the fcc evaluates the deal. consumer advocacy group free press rejecting the deal watching in a statement "comcast will have unpress denlted market power over consumers andnd an unprecedented ability to exert its influence over any channels or businesses that want to reach comcast customers." but comcast says the deal will not affect consumer options. >> we don

time warner cable takes the number two spot. a lot of action on wall street. back to you. >> investors are reacting to the time warner cable and comcast news but can this deal pass? here to lay it all out are charlie gasparino and brian sossi. you think this is a win not only for shareholders but for customers as well, why? >> for time warner shareholders you're getting certainty of value and comcast ceo which is proven value creator. since 1990 comcast shares are up almost 1500%. certainty of value. winning management team. as consumers i think you will get more, a lot of concern your cable bill will go up 20, 30%. more tiered packages and more services. if i'm consumer i'm getting more services why wouldn't i want to pay a couple bucks. >> i come back on that 1500% and why i will challenge you. you predicted we'll get a deal like this. is this best deal possible. >> i don't know, hard to tell. i will say this, bear stearns was up a gazillion percent before it went under. >> bingo. >> comcast has not done a great job dealing with nbc. nbc is still pretty much

come cast announces today it is buying time warner cable. ry snow has that story. >> by any measure comcast proposed bid to take over time warner cable is huge. there's the $45 billion price tag, and then there's the potential reach. we buying the second largest cable provider, comcast would have roughly 33 million subscribers, cementing its place as the country's largest cable company. >> to put it in perspective, when chase bout jpmorgan, that was only a 33 billion r thats deal. so this is a really large merger. >> the deal was unexpected and comes after comcast became a major content producer by finalized it's purchase last year. here is how comcast stacked up. a paid t.v. provider comcast is the largest. satellite providers and dish network followed. time warnser next with roughly 11 million. smaller companies have more than $4 million each. what request consumers each? one analyst covering the cable industry says changes for consumers won't be dramatic. >> consumer whose are in comcast markets probably won't see any change at all. consum

roberts at comcast, comcast, they are acquiring time warner cable. it is an all stock transaction. even with that, and implied cash value and cash is cheap. this is wpp ceo sir martin sorrell yesterday. >> it goes back to cheap money. you can borrow money and 30 year bond market like we did last year, three percent net of tax. by something at 33 times early in the best of earnings at least in theory without feeling the whip. long-term cheap money, good management, and opportunities means more consolidation. in sochi.he is out maybe he is watching from the g5. when the chairman of