billion dollars to the state run aviation holding eighty and is imminent takeover of time warner has been held up by the u.s. justice department raising speculation of political payback from washington eighty indian time warner had hoped to conclude the eighty five billion dollars deal by the end of the year but some lawmakers are concerned about concentrating too much power in the hands of the telecoms giant so authorities have reportedly told the companies they must sell some assets before the deal goes through including the c.n.n. news channel which is owned by time warner u.s. president donald trump as an atheist is a fierce critic of c.n.n. and its coverage of his administration and the new owner might not be able to finance its reporting resources eighty and he says it remains confident the takeover will go through as planned germany's opel is looking to a new future under french on a p.s.a. analysts say former owners u.s. auto manufacturer general motors only ever put the brakes on the company's development but it looks like the ailing carmaker is returning to the road to success. ople c.e.o. . prese

repercussions for the media landscape this eighty a tease him of them to take over all time warner has been held up by the u.s. justice department raising speculation of political payback from washington time warner had hoped to conclude the eighty five billion dollars deal by the end of the year but some lawmakers are concerned about concentrating too much power in the hands of the telecom giant so authorities have reportedly told the companies they must sell some assets before the deal goes through including the c n n news channel which is owned by time warner u.s. president on a trump is the fia's critic of c.n.n. and its coverage of his administration and the new owner might not be able to finance its reporting resources a t.n.t. says it remains confident the takeover will go through as planned. now then you commission says member states can and will do much more to fight tax havens top priorities the creation of i black list to name and shame jurisdictions that cater to wealthy firms and individuals yet the e.u. has been working for two years on similar measures with limited success consensus remains a c

part of the time warner group. u.s. partment of justice claims that under the deal at&t could charge competitors more to distribute time warner content. it's the first time in decades the justice department has challenged the vertical merger which links companies that don't directly compete. at&t said it would fight the case. >> this was a case where we are prepared to go to trialal as son as possible e and hopefully that will happen as quickly as 60 days.. >> at&t will likely press for a court decision by april 22. the u.k. havein accused a drug company of overcharging the country's national health service by billions. competition in markets authority says concorde he abused its dominant position by charging too much for a key thyroid medication. the nhs spent over 38 billion it, up from 700,000 in 2006. the increase of almost 6000% happened despite production costs remaining stable. the canadian firm says it does not believe the competition law has been breached. >> power the market looking today gecko >> -- >> how are

u.s. government gives its thumbs down on merger plans between a.t.m. t. and time warner the department of justice citing competition concerns or does the u.s. president's t.v. diet play a role also in the program coincidence or part of a concerted concerted strategy a well known german manufacturer complains of rising protectionism. around the globe and a new solar power plant is going up in a site that is better known for its dark history than the sunshine. this is due to be a business on crystal kober welcome the u.s. department of justice has sued to stop these proposed eighty five billion dollars acquisition of time warner now eighty is the united states biggest telecommunications company time warner a major producer of media content allowing both companies to merge would mean a concentration of power detrimental to consumers the d.o.j. argues however with president donald trump's outspoken dislike for time warner's news channel c.n.n. some also see a political twist to the story plans by eighty n.t.v. to purchase time warner one of the leading media companies in the

time warner's news channel c.n.n. some also see a political dimension at play. plans by eighty and t.v. to purchase time warner one of the leading media companies in the u.s. we're ready controversial when they were announced in two thousand and sixteen even before he became president donald trump was already critical. a deal we will not approve in my administration because it's too much concentration of power in the hands of too few. trump has called c.n.n. which is owned by time warner fake news this is why plans by the department of justice to sue eighteen t. to stop its acquisition of time warner a controversial but c.e.o. has said he will fight the u.s. government's suit in court there's been a lot of reporting of speculation whether this is all about c.n.n. and frankly i don't know but nobody should be surprised at the question keeps coming up because we've witnessed such an abrupt change in the application of and i trust law here. so any agreement that results in us forfeiting control of c.n.n. whether directly or indirectly is a nonstarter the u.s. has not seen such a high profile antitrust case in decades already many are asking whether the lawsui

the justice department is suing to block at&t's takeover of time warner. the u.s. t would use control of time warners programming as a weapon to harm competition. time warner is the parent of cnn and other cable networks. the bill was announced over a year ago. at&t says it will fight the case in court. optimism over strong corporateearnings.es aren. we've got a report on exles due out later today. reservations are needed to sit on santa's happen at macy's flagship new york store this year. the popular santa land exhibit at the herald square location has seen long lines in recent years. macy's hopes this cuts down on the waiting. you can book a time with santa through macy's web site at no cost. you can cancel and re any time. matt and tam we did it with the grand kids last year well worth it. kids the around so you'll get a chance to see him. >> yes, he's everywhere. e. >> thanks maribel. >> yeah. >> so, chilly this morning. so this afternoon. m storm tracker6 live double scan right now shows you that we're dry and as we take a look outside, we are getting ready fo

time warner's news channel c.n.n. some also see a political twist to the story. plans by eighty n.t.v. to purchase time warner one of the leading media companies in the u.s. we're ready controversial when they were announced in two thousand and sixteen even before he became president donald trump was already critical. a deal we will not approve in my administration because it's too much concentration of power in the hands of too few like trump has called c.n.n. which is owned by time warner fake news this is why plans by the department of justice to sue eighteen t. to stop its acquisition of time warner a controversial but. c.e.o. has said he will fight the u.s. government's suit in court there's been a lot of reporting and speculation whether this is all about c.n.n. and frankly i don't know but nobody should be surprised at the question keeps coming up because we witnessed such an abrupt change in the application of and i trust law here so any agreement that results in us forfeiting control of c.n.n. whether directly or indirectly is a nonstarter the u.s. has not seen such a high profile on type trustees in decades already many are asking whether the la

at&t and time warner, time warner down 1%. u.s. antitrust lawsuit over time, the u.s. justice department is poised to sue. a month ago is unheard of. that's how surprising it is. it is of course a vertical integration. there is no precedent for this area do have comcast and nbc universal as a precedent. we talk about is this business or politics? >> we are with a distinguished is that -- distinguished professor of economics. skeptics go we know your views, we know your politics, we know what your chances, you're bound to hate this tax overhaul plan. defy the critics who say we get what you are saying. says theis a case that u.s. corporate tax has too high a tax rate. the collection of taxes is not too high. 35% is too high at the margin. -- paul ryan's original proposal was actually a decent proposal and a lot of bipartisan support. it died because of republican opposition, but that was ok. >> he didn't like this tax the democrats -- tax cuts for republicans. the most contentious part or one of the most contentious part of this whole debate are a lot of the tax breaks

time warner is lower after the at&t cfo spoke at a wells fargo conference today and said that warner isse of time uncertain as talks with u.sregulators continue. time warner is down 3%. colgate-palmolive is rising on the speculation the merger does not seem to be based on anything concrete, but a blog mentioned it. in may, "new york post" had stated that the ceo had stated he was open to a sale but that 100 dollars a share. we are at the anniversary of the election or close to it. it is worth looking at the trump-bump, in perspective, especially as he likes to tap the stock market performance since the election. fits -- this puts it into perspective during the bull market. we have seen a run of games over the last year but the magnitude is relatively muted when you look at it in the longer bull market. riseve seen the s&p 500 about 25% since the election. according to a deutsche bank analysis today, that puts it at seventh in terms of history for first years or first 12 months for u.s. presidents. mark? mark: we are down for a second day, worst run since october 25, led by autos, financial services and technology. it is ear

block at&t's $85.4 billion grab for time warner, a deal that would combine satellite tv service directv and premium pay channel hbo under one corporate roof, a union the u.srnment says would give one company too much power. a merged at&t and time warner would have the marketplace power to force rival pay-tv providers to pay hundreds of millions of dollars more annually per year for the right to distribute time warner's networks, the suit filed in u.s. district court for the district of columbia, said. that pricing leverage and the company's massive presence could also discourage competition from newcomers, the suit says. thanksgiving travel: u.s. weekend to be busiest since 2005, report forecasts . . . . with americans feeling better about their finances, they will hit the road in near-record numbers over the thanksgiving weekend despite higher gasoline prices, experts predict. an estimated 50.9 million americans will travel 50 miles or more to get to their destinations over the four-day weekend, the most since 2005, according to aaa's annual forecast. that's 1.6 million more people - or a 3.3% increase - over 2016. the oakland raiders have shaken up thei

block at&t's $85.4 billion grab for time warner, a deal that would combine satellite tv service directv and premium pay channel hbo under one corporate roof, a union the u.sompany too much power. a merged at&t and time warner would have the marketplace power to force rival pay-tv providers to pay hundreds of millions of dollars more annually per year for the right to distribute time warner's networks, the suit filed in u.s. district court for the district of columbia, said. that pricing leverage and the company's massive presence could also discourage competition from newcomers, the suit says. thanksgiving travel: u.s. weekend to be busiest since 2005, report forecasts . . . . with americans feeling better about their finances, they will hit the road in near-record numbers over the thanksgiving weekend despite higher gasoline prices, experts predict. an estimated 50.9 million americans will travel 50 miles or more to get to their destinations over the four-day weekend, the most since 2005, according to aaa's annual forecast. that's 1.6 million more people - or a 3.3% increase - over 2016. high pressure will bring dry and warmer weather to the area tuesday

u.s. department of justice is suing at&t to block the takeover of time warner. the doj argues the takeover could raise prices, harm competition and slow innovation on online video. josh lipton has more. >> reporter: in a legal combination that arms consumers and stifles innovation, that's how the u.s. justice department is describing the proposed merger between at&t and time warner and the doj is suing to block it at&t and time warner announced their $85 billion merger last year the closing has been dragged out by the government's antitrust review earlier this month reports circulated that the government demanded at&t sell turner broadcasting, operator of the cnn news network or directv as condition of approval. a justice department official telling reporters on monday that the merger would raise prices for consumers and block creators of media content from distributing their product without paying more money. time warner owns the cnn news channel, tnt, cartoon network and others and has lucrative sports broadcasting deals. in a statement on monday at&t's general

u.s. department of justice is suing to stop eighty and t.'s proposed acquisition of time warner the suit sets up the biggest anti trust court clash in decades over the eighty five billion dollar tie up the u.s. government says the merger of the telecom and the content creator would homme competition resulting in higher costs for consumers it's no secret that u.s. president donald trump doesn't like c.n.n. in fact he seems to relish lashing out at the broadcast company which he calls fake news his most famous attack may have been a retreat a gift of him pretending to wrestle its logo dutch we could become exhibit a in the antitrust battle about to be waged between the us government and eighty n.t. the president's outburst give life to a counter argument in a case namely that the government is trying to squeeze c.n.n. by making it poison to eighteen takeover of its parent company time warner a t.n.t. appears ready to make just such an argument there's been a lot of reporting and speculation whether this is all about c.n.n. and frankly i don't know. but nobody should be surprised a

time warner merger, next. this is bloomberg. ♪ ♪ sherry: at&t ceo randall stephenson told u.s. regulators, see you in court. partment of justice announced a lawsuit to block their takeover of time warner yesterday. the hard-line antitrust approach has prompted speculation of political interference. we have more insight with bloomberg gadfly and a senior litigation analyst firm bloomberg intelligence. we saw time warner take the brunt from investors, but who should we be worried about if the doj gets its way? >> honestly, i think it is at&t stock. time warner fell off a lot in the past few weeks because of the lawsuit because people are concerned they will not get if the doj successfully blocks the deal, but time warner is fine on its own. it will keep on going about what it does, which makes television shows for hbo, sports programming, so they are ok. really solid in business and we saw that with their last two earnings reports. at&t is up against losing piteous subscribers on their direct to the business, which has been challenging since they just bought that a few years ago. on top of that, they are tryin

u.s. justice department is suing to block at&t's $85.4 billion takeover of time warner.s is a major blow to the carrier to create a media and telecommunications empire. at&t's chief counsel said he is confident the court will reject the claims and the company is withng a press conference the ceo is expected to speak. we will bring you the headlines, but first ed hammond just listened in on the doj call and joins with the ceo is expected to speak. also with us is cory johnson and bob o'donnell with technalysis research. us. ed, you have been listening in on the call. what is the justice department's rationale? ed: they have come out swinging for this deal. they said it is legal, harmful to consumers. the rationale is yes, it is a vertical merger which traditionally you see those deals slide through. they think it concentrates too much power in the hands of one company and it gives at&t -- too much clout to determine which competitors get which content. prioritizing its own stuff through time warner. it is really interesting and almost unheard of kind of take for the depar

u.s. justice department is suing to block at&t's $85 billion takeover of time warner.is speaking at a press conference, saying they will offer solutions to close the deal but divesting cnn is a nonstarter. joining us now is our senior analyst of litigation. bloomberg intelligence. bob o'donnell is still with me in the studio. jennifer, you have been listening in on this call and read the doj's complaint, what are your takeaways? jennifer: i think it is not a surprise, really to me. the way i read the complaint, it is a very typical vertical theory of her -- harm. that the company will have what is considered must have content and it could be profitable for them to engage in a strategy of raising the price of that content to distribution rivals because in the long run, to the extent that the distribution refuses to take the content or pay for the content they would , lose subscribers that would move over to at&t or directv to get that content. emily: randall stephenson has said they will offer a solution, they have said that divesting cnn, rob is a nonstarter. , they sa

u.s. department of justice may allow the eighteenth tee time warner merger but only if one of the company's sells an existing property it is being reported now that in order to gain regulatory approval either time warner owns c.n.n. or own to direct t.v. must be sold this demand could potentially set up another battle for the two companies whose merger is at eighty five billion dollars if the d.o.j. makes a formal demand and time warner will more than likely challenge the government's basis for blocking this transaction. and the offshore dealings of major banks and some of the world's largest corporations are being revealed in the over thirteen million leaked documents known as the paris papers the business and banking ties are also coming back to haunt hundreds of prominent individuals including political leaders such as candid as their e.o. prime minister alex and hyla which has the latest from toronto let's start with financial institutions come to light that one of canada's biggest charter banks is needed in this controversy due to the paradise papers what do we know so far. well we're

u.s. department of justice is suing to stop at&t's proposed acquisition of time warner. suit sets up the biggest antitrust court clash in dades over the $85 billion tie up. the u.s. government says the merger of telecom and the content creator would harm competition resulting in higher costs for customers. reporter: it is no secret that u.s. president donald trump does not like cnn. in fact, he seems to relish lashing out at the broadcast company, which he calls fake news. his most famous attack may have been a retweeted gif of him pretending to wrestle its logo. that could become exhibit a in the antitrust battle about to be waged between the u.s. government and at&t. the president's outbursts give life to a counter argument in the case, namely that the government is trying to squeeze a cnn by making it poison to its parent company, time warner. at&t appears ready to make just such an argument. >> there's been a lot of reporting and speculation whether this is all about cnn. and frankly, i don't know. but nobody should be surprised that the question keeps coming up, beca

block at&t's $85.4 billion grab for time warner, a deal that would combine satellite tv service directv and premium pay channel hbo under one corporate roof, a union the u.s one company too much power. a merged at&t and time warner would have the marketplace power to force rival pay-tv providers to pay hundreds of millions of dollars more annually per year for the right to distribute time warner's networks, the suit filed in u.s. district court for the district of columbia, said. that pricing leverage and the company's massive presence could also discourage competition from newcomers, the suit says. winner: thanksgiving travel: u.s. weekend to be busiest since 2005, report forecasts . . . . with americans feeling better about their finances, they will hit the road in near-record numbers over the thanksgiving weekend despite higher gasoline prices, experts predict. an estimated 50.9 million americans will travel 50 miles or more to get to their destinations over the four-day weekend, the most since 2005, according to aaa's annual forecast. that's 1.6 million more people - or a 3.3% increase - over 2016. should i wait for mortgage rates to fall in 2018?chad

u.s. companies like apple twitter citigroup and time warner funding early enough trump himself has ties to bin talal who reportedly helped bail out the tycoon turned president twice in the ninety's but their relationship seemingly fell apart in two thousand and fifteen you are a disgrace not only to the g.o.p. but to all america withdraw from the us presidential race as you will never win don't be prince our will lead to lower ones to control us politicians with daddy's money can do it when i get elected fairly that doesn't always apply to saudis pouring money into america trump is now pleading for the gulf states national oil company to float its shares on the new york stock exchange so while term criticizes those arrested for milking saudi arabia it would seem the us president has nothing against milking riyadh's coffers to fill washington's. now it's a day of general strike in castle lonia where probably independence activists have blocked main roads and stopped commuter trains in protest over the recent jailing of regional leaders which read accuses them of rebellion and sedition and d

u.s. department of justice may allow the eighteenth tee time warner merger but only if one of the company's sells an existing property it is being reported now that in order to gain regulatory approval either time warner own c.n.n. or own to direct t.v. must be sold this demand could potentially set up another battle for the two companies whose merger is at eighty five billion dollars if the d.o.j. makes a formal demand and time warner will more than likely challenge the government's basis for blocking this transaction and the offshore dealings of major banks and some of the world's largest corporations are being revealed in the over thirteen million leaked documents known as the paris papers the business and banking ties are also coming back to haunt hundreds of prominent individuals including political leaders such as candid as their e.o. prime minister alex and hyla which has the latest from toronto let's start with financial institutions come to light that one of canada's biggest charter banks is needed in this controversy due to the paradise papers what do we know so far. well we're ta

warner at the white house. thanks, margaret. the u.s. justice department today filed a lawsuit to stop at&t from buying time warner. the government claims cable bills would skyrocket if the deal goes through because at&t would be able to charge rival distributors much more to carry time warner channels. at&t said essentially see you in court. a search vessel detected sounds today that may be coming from an argentine submarine that went missing in the atlantic five days ago. 44 crew members are on board, more than a dozen international ships, some from the u.s., are searching for the submarine. stormy weather is hindering that effort. the argentine navy said the subcould run out of oxygen in two more days. maybe it was that look in charles manson's eyes that convinced people to murder in his name. the late vincent bugliosi, who prosecuted and later wrote about manson, called him a metaphor for pure evil. manson died yesterday after spending nearly half a century in prison. he was 83. here's john blackstone. >> reporter: in his most recent prison mugshot, charles manson looked every bit the crazed killer who shocked

time warner is a vertical merger that does not violate and who trust -- antitrust laws. say the deal will greatly harm american can increase. -- consumers. correspondent: big news today. the u.srtment is suing at&t's $85 billion merger with time warner. two ofs to unite the largest broadcasters and it has been in the works, it was widely expected to go through. one is a distributor and the other is a supplier. recently we have been getting indications that the justice department has a problem with this. they think it will hurt competition. at&t came out in a press conference saying they think this suit stretches the limits of an anti trust law. at&t ceo randall stephenson said they proposed some solutions going forward but they will not sell cnn. some think this deal is politically motivated. president trump not a big fan of cnn> . they said they will fight it in court. they played a tape of antitrust chief megan bellingham indicating before his confirmation that he was in favor of steel. -- of this dea. l. yvonne: that was chris paul barry talking about the at&t deal. it looks like the doj has made good on its word here. deal.to block this at&t ishe industry, already being d

u.s. department of justice is suing to stop eighty and t.'s proposed acquisition of time warner the suit sets up the biggest anti trust court clash in decades of the eighty five billion dollar tie up the u.s. government says the merger of the telecom and the content creator would harm competition resulting in higher costs for customs. it's no secret that u.s. president donald trump doesn't like c.n.n. in fact he seems to relish lashing out at the broadcast company which he calls fake news his most famous attack may have been a retreat a gift of him pretending to wrestle it's logo that's we could become exhibit a in the antitrust battle about to be waged between the u.s. government and eighty in the president's outburst give life to a counter argument in the case namely that the government is trying to squeeze c.n.n. by making a poison to take over of its parent company time warner. appears ready to make just such an argument there's been a lot of reporting of speculation whether this is all about c.n.n. and frankly i don't know but nobody should be surprised at the question keep

time for your first look at business here at the big board. the u.s. justice department is suing to stop at&t's proposed $85 billion take overof time warner.says bills will rise because there will be less competition. at&t says it will not sell parts of time warner like cnn in order to get the deal done. the major stock indices ended money in the green the dow going up 72, nasdaq seven, s & p three. uber wants to help customers more easily find their drivers. the ride sharing company has rolled out new glowing windshields called beacons. customers can look for their driver by selecting a color via the uber app and that color will glow accordingly on their car. >> live on "action news" a father surprising his daughter after being overseas for a year. >> daddy! [laughter] >> staff sergeant matthew bias flew from south korea to nebraska to be with hi five-year-old daughter mckinley. >> being around your family, being around your kids, seeing -- getting to see her, it's -- it's what makes what we do have a purpose. >> the family plans to make the most of this short lived homecoming. he'll be going on to italy come december 3rd. >> so many sacr

time in the-- it came late day, so you haven't seen the stocks absorbed the news, which is unfolding as we speak. the u.s. justice department sued to block at&t's $85.4 billion takeover of time warner. if we go to time warner, you can see how the stock has fared. delivered a major blow to the bid to create a media and telecommunications empire. some of the antitrust executives in the justice department say the merger would greatly harm american consumers. what is important is this is the first time that we have seen the justice department moved to wasn't aerger where it clear monopolistic threat, and that is what could put a chilling effect on other deals. let's go into the chart on the semi conductor outperformance, because the deal that did grab the headlines earlier in the , andon, between marvell chipmaker trying to build itself athey agreed to buy cavium for about $6 billion, the company recovering after investors ,ushed out a recent conflict the latest consolidation in the chip industry. there are big questions going forward about how robust m&a activity will be. that's right. getting back to the at&t theyit, it seems like suggested that if he or she blocked this deal, it wou

u.s. justice department filing a lawsuit challenging at&t's proposed acquisition of time warner.eslie picker has the details. good morning >> good morning. the doj officially filing a lawsuit seeking to block at&t's acquisition of time warner the justice department argues this deal would harm competition and thwart innovation. the complaint says the deal would hinder rivals by forcing them to pay hundreds of millions of dollars per year for the right to distribute time warner's networks, which include tbs, tnt and cnn yesterday at&t's ceo, rand tall stevenson declined to say whether the move was politically motivated or not >> there's been a lot of reporting and speculation about whether this is all about cnn. frankly i don't know nobody should be surprised that the question keeps coming up because we've witnessed such an abrupt change in the application of antitrust law here. but the bottom line is that we cannot and we will not be party to any agreement that would even give the perception of compromising the first amendment protections to the press >> now, challenges to vertica

u.s. companies like apple twitter citi group and time warner funding early enough trump himself has ties to bin talal who reportedly helped bail out the tycoon turned president twice in the ninety's but their relationship seemingly fell apart in two thousand and fifteen you are a disgrace not only to the g.o.p. but to all america withdraw from the us presidential race as you will never. do prince. wants to control our us politicians with daddy's money when i get elected apparently that doesn't always apply to saudis pouring money into america trump is now pleading for the gulf states national oil company to float its shares on the new york stock exchange so while term criticizes those arrested for milking saudi arabia it would seem the u.s. president has nothing against milking riyadh's coffers to fill washington's will nato is backing up donald trump's recent promise to a boost america's military presence in afghanistan by sending three thousand troops to the war torn country daniel hawkins picks up the story. it's groundhog day for afghanistan an official announcement confirms another tro