tom rutledge, the charter chairman and ceo, along with bloomberg news' alex sherman. go straight to politics. hillary clinton eked out a very narrow victory in kentucky last bernie sanders took oregon, illustrating a deepening divide among democrats. who better to ask about this than the former head of the democratic national committee, virginia governor terry mcauliffe? i know you are in boston right now on a marketing and trade mission. by asking yout about this narrow victory that bernie sanders complained -- proclaimed last night he would continue to contest. that spells trouble. governor mcauliffe: i served as the chair of hillary's campaign eight years ago. we went all the way to june. hillary actually won north dakota running against then senator president obama -- then senator obama, now president obama. we went through this eight years ago. at that time, i remember supporters coming up, saying, oh, we would never vote for senator obama. once we got through the process, closed it down, went through the convention, we were so unified as a party and president ob

alix: betty liu announced .herman talked to tom rutledge tom: one we get we call spectrum services deployedns we will have a state-of-the-art interactive user interface with search and discovery of content will integrate over-the-top services with that product so you will be able to search and see content in a seamless way, whether it is an over-the-top service or whether it is a service delivered by us. we will take you data speeds up. we will put a two-way interactive alek on every tv that you have so that you will have on-demand on every outlet. and the full range of user interface services that i discussed. we will price and package everything in a compelling way so that it is competitive and better than what our competitors offer. with awill put that voice product that is fully featured. a data product that is faster than our competitors and a video service that is better than our competitors, all hd and all interactive on every outlet. david: one of the things you acquired is regional sports networks. this is an something the charter did all that frequently, wanting to go in and acqui

rutledge, always nice to have you, tom. us. >> thank you, david. >> all right. here you are, it's finally done. what is your main focus over let's call it the next hundred days as you integrate these three companies? >> well, you know, our first process will be to try to just get to know the companies and get organized and make sure everybody knows where they're supposed to go. but we have a game plan that will allow us to reprice and package all of our products and begin to re-brand our products. and start to improve all the products. we're going to go all digital and make every outlet we have a two-way interactive television outlet. we're going to take our data speeds up. we're going to repackage and reprice our voice product so that it's a fully featured service on every phone that we provide service to. and we're going to put that all into a compelling package and begin marketing it. so the first hundred days are really about laying the groundwork and starting the projects and then beginning to roll them out across the

betty: that was tom rutledge. still ahead, today's options chart of how is a the dow has traded.rop-off.harp it had been declining before but right after the minutes came out, we hit the low of the session. that was mirrored as well by the other exchange, including the nass act there are now trading in the green. we will be back. ♪ betty: a big leg lower after the federal reserve meeting. how is the option market handling the action? >> joining me is todd horwitz. he joins me from chicago. thank you for joining me. stocks are taking a leg down on the fed minute. taking a hike would be appropriate in june. your initial reaction? >> the fed is confused on what to do and we get mixed messages all the time. chairs getting different coming out saying we should and should not raise. he says he thinks they should raise. they are trying to if they can. they probably will not be able to do it for the rest of the year. caveat is if they exist or if they want. do they want? >> i think the economic conditions are terrible but i thought so then as well. you see the declining retail sales and

coming up later in the day, 10:30, betty liu and alex sherman speaking with tom rutledge. 2:00 p.m.,bout 26 minutes into the session. stronger dollar story. all of that ahead of the fed minutes. ♪ betty: 10:00 a.m. in new york am a 3:00 p.m. in london. live from new york, i'm betty liu. mark: i mark barton. this is bloomberg markets on bloomberg television. betty: we will take you from new york to london to boston in the next hour. shares of target are tumbling after first-quarter sales missed analyst estimates. the discount chain delivered a disappointing forecast. we will preview the latest fed minutes which come out a bit later area at how concerned is janet yellen about a potential brexit? will it affect the fed interest rate decision next month? betty: we will talk with charter communications chairman and ceo tom rutledge as he completes a $55 billion purchase of time warner cable. what will that mean for the future of the cable industry? let's hedged trade to the markets desk where julie hyman s

tom rutledge is now going to be doing some of that. the as a result of directv merger, is going to be doing some significant overbuilding. there is a lot of talk in set-top boxes about how it's not boxes any more, ats apps. totally agree. u combine apps and an open internet, and all of a sudden you don't have to exist just in your franchise area, you rework the contracts with your programmers and you can be delivering that kind of service in new and innovative bundles across the country. competition will create an environment that discourages and makes it unnecessary for government to get involved. but government has a role saying excuse me, first we have to get to competition. so i think the answer to your question is, is that -- are we going to evolve spo a competitive marketplace? and i think our job at the commission is to say how can we help that happen? peter: chairman wheeler, you you have references -- referenced the fact that you've been here the last include of years giving a speech to these folks. did you come here with a sp

we will hear from top -- from tom rutledge in the hour. scarlet: we are halfway through the u.s.. let's head over to julie hyman who has been tracking the moves.

after it first announced the deal, we are looking to announce -- to talk about the long roll with tom rutledgeyou are going to i believe quadruple your subscriber base, based on this acquisition of time warner cable, however you are also acquiring one of the most hated rands in the cable industry world. how are you going to improve that? tom: we are going to change the brand to charter spectrum as our service. betty: that may help. .om: it is not a solution you have got to run a good service operation, and we do at charter and we are getting better every day. we have invested and enormous amount of money and will continue to invest in improving the whole service experience through better call centers, create service functions online for customers, train our technicians, give them tools and test equipment that work, and do the job right the first time. all of that takes a little time for us to implement but we know how to do it, and we will do that and simultaneously change our brand approach. as a matter of policy, the u.s. treasury department is never disclose the holdings of saudi arabia but

tom rutledge is now going to be doing some of that. at&t as a result of the direct tv merger is going to be doing some significant overbuilding. there was a lot of talk on set-top boxes about how it's not boxes anymore, its apps. totally agree. you combine apps in an open internet and all of a sudden you don't have to exist just in your franchise area. you work the contracts with their programmers and you can be delivering that kind of service in new and innovative bundles across the country. competition will create an environmentally that discourages and makes it unnecessary for government to get involved but government has a role saying excuse me first we have to get the competition so i think the answer to your question is that. are we going to evolve into a competitive marketplace and i think our job at that the commission is to say how can we make that happen? >> host: chairman wheeler you referenced the fact that you have been here for the last couple of years giving a speech to these folks. did you come here with a specific mess

tom rutledge is now going to be doing some of that.t&t as a result of the directv merger is going to be doing some significant overbuilding. there's a lot of talk in set-top talks as about how it's not like this anymore. you combine apps and open internet and all the sudden you don't have to exist just in your franchise area. you rework the contracts with your programmers and deliver that kind of service across the country competition will discourage and make it unnecessary for government to get involved. government has a role saying, excuse me, first we have to get competition. are we going to evolve into a competitive marketplace? i think our job at the commission is to say how can we make that happen? >> chairman wheeler, you referenced the fact you've been here the last couple years, giving speech to these folks. did you come here with a specific message that you want to make sure they heard from you? >> guest: colleague, peter, i hope you've heard it. yes. when they go back to what i said at the out side. you know, pat mr. and i w