we talked about these stories with tom giles and eric newcomer.en. >> this is a company that is losing money. it has slipped to fourth place in the ranking of u.s. wireless companies behind t-mobile. now it has verizon, at&t, and t-mobile ahead of it. it has not gone well. masa has been looking for a partner, looking for a way to work on sprint and make it a better investment, find a merger partner. t-mobile is often mentioned. we have seen t-mobile shares up on the news. this is a way of infusing some capital into the company, giving it more firepower, and maybe making it a more attractive partner for t-mobile. emily: t-mobile and sprint try to merge before and it did not work out as far as regulators were concerned. >> that is right. we do not think the trump administration is going to be real hard on mergers, although the verdict is out on at&t and time warner. emily: let's talk about snap. second downgrade in a week. snap shares not feeling it. >> underwriters downgrading them, morgan stanley and coen. to 1530 last ing looked. 1524 being the l

emily: that was alex webb and tom giles.ning from morgan stanley analyst says he is seeing risk to the auto industry in china which he sees as a greater source of competition then demand. he was a perennial tesla bull but downgraded the shares on the threat of larger companies. he reiterated the downgrade after our exclusive interview, in which tim cook elaborated on apple's ambitions when it comes to cars. up, a space startup claims it has the largest operating fleet of satellites in the world with over 140 in orbit. we will hear from c.e.o. will marshall on what is next for the company. go, our new interactive tv function on the bloomberg. you can watch us live. you can go back to an interview. you can play along with the charts on air. this is for bloomberg subscribers only. check it out at tv . this is bloomberg. ♪ emily: president trump has signed an executive order to form a national space council which will be led by vice president mike pence. this will revive a council last in place in 1993. president trump says