time warner cable is notorious with terrible customer service. charter says that they are good with customer service and could help them out. is that going to be a compelling argument? >> historically, they haven't but it has been one of the main things that he has told me time warner cable want to improve. it seems to resonate now even if it hasn't in years past. charter also was notorious for bad customer service but that was before the era of the new ceo. they have improved the customer service. he did the same thing when he was ceo at cablevision so he hes have a track record but will get his chance as ceo to see if he can improve time warner cable if no deal is done. >> when it comes the cable companies, they have an uphill battle. thank you so much. alex sherman who broke this story. we appreciated. as we mentioned, that was not the only deal that was announced after the bell. google is looking to go deeper into the devices market by acquiring that the lab -- nest lab. i am joined by jon erlichman. becauses is amazing report $2 billion is a

charter and time warner cable should do a deal. to shareholders convince time warner cable's management and board that a deal should get done. >> time warner said they would not consider if it -- unless it was in the realm of $155 a share. >> a sickly what tom rutledge said to me is, time warner cable came back to him with an offer that they knew they would reject on the face of it. we have heard from people familiar that time warner cable wants between $150 and $160 a share. cash and the rest is charter stock. tom said in the letter he is willing to engage in a friendly try to come together to some cash stock deal with time warner cable management. the question now is will time warner cable get involved with any pressure from shareholders? .50 ishareholder said $132 a nonstarter. the bid needs to be a lot higher than that. >> he is going to the shareholders trying to get some interest, to open the door for another big coming out in two or three weeks. do you get that sense? >> the bid question is, what will comcast do? comcast has

the rest of time warner cable.erman broke the story. >> there is an ongoing saga. a hostile bid. a bearhug letter sent a couple weeks ago. charter saying we are going to speak to shareholders directly. i also learned from people familiar with the situation that a tender offer and a proxy fight may the a few weeks away. a direct offer to shareholders. initially charter put in a bid $132.50. time warner thinks it is too low. >> obviously a lot of moving parts, and the latest development is? >> what we learned yesterday is that comcast has made a deal on the side with charter saying look, if shareholders except accept your deal at whatever price, we will offer to buy certain assets, give you cash -- >> which charter needs. >> they are raising about $20 billion in debt. this way they could add more cash to that offeror and maybe convince shareholders to do the deal. >> is that what is going to happen, ultimately? >> that is what shareholders want at this point. i would imagine the price will be higher. but this develop

cap will buy time warner cable's new york, north carolina, and new england cable.omcast will not be in any other part of the deal. >> thank you, alix steel. in the meantime, want to get you back to d.c., my colleague alan is still standing by, taking a look at the outlook for this bill. i know there is about to be a vote on wednesday, correct? >> correct. like last july, you see this house speaker having a little bit different laserjet with his different relationship with his caucus than last time. is closerfood stamps to what the democrats want, and he is willing to go ahead of the bell, even if the democrats do not want it that republicans do not want it. >> kkr, the private equity firm run by george roberts agreed to by a majority stake. joining me now with more on the story, devin. were discussing with me earlier in the is the most active pe firm. they are finding quite a few targets. >> interestingly, it is making really big bets on insurance. $1.1 billion deal in september, a big deal for the services from blackstone. the line of thinking that i'm getting ins

time warner cable not missing its words, and na missed the offer. shares of counter communications looking for a nice jump moving higher by $2.99. here is the question. what happens next with this rejected effort, charlie gasparino talking to bankers advising, his forces telling him how the chess pieces will move next. it is coming up in a fox business exclusive and one of the best analysts in the business, he will tell you which name will jump into the swimming pool with a bid for time warner in a moment. we need to get to netflix, netflix is the movie subscription giant after a u.s. appeals court struck down a a real winner. gay the interview every business network wants. paul ranges the ceo of game stop and he is coming on in a moment, stock down 20%. what else is at risk, earnings and retail sales providing parents for investors, bringing the traders, at the stock exchange, i know you are playing back all the time. the rest of the market has been taking its cue from game stop. what are they looking at mostly. >> bank earnings this morning, prett

a direct offer to time warner cable members could be happening. >> time warner does not like the deal? >> they say it is too low and that is not gone away. what we learned yesterday is that comcast is made a deal on the side with charger in principle saying that if shareholders accept your deal at whatever price, we will offer to buy certain assets and give you cash, billions of dollars of cash, which charter needs as they are raising about 20 billion dollars in debts and this way they can add more cash to the offer and let stock and maybe convince time warner cable shareholders to do the deal. that what will happen, $140 per share? >> that's what the shareholders want and i imagine the price will be higher than $132.50 per it i doing a deal with comcast, it probably takes a number down a little bit because comcast had been sitting out there as a potential competitor to charter and could make their own did or all of time warner cable or a piece. potentially a not white knight. >> that may potentially bring the rice down. roberts of comcast, he is the kingpin in all of this executing w

the picture at time warner cable?ff a takeover bid and lost 200,000 subscribers , and we will be speaking with the ceo, rob marcus. down, partnerur erik schatzker. >> and i am erik schatzker. we were talking about those bets for theop super bowl. >> yes, people like gambling. they like to play blackjack. they like to play poker. it is just not clear to me about how many times bruno mars is going to scratch the left side of his head. >> time for the top stories around the world. some say bank of america should pay the maximum penalty in a fraud case. it all has to do with their countrywide unit and the defective mortgage loans it sold to fannie mae and freddie mac. another sign the real estate market may be cooling off. ,ending home sales fell off 9% and the average 30-year fixed up. credentials,stole credentials for as many as 70 million people. and nasa. giant is making a deal with lenovo. this is less than 2.5 years after acquiring motorola. fromef researcher joins us massachusetts, and with us, our , editor athnson

charter and time warner cable stocks, i'm sure you time warner cable up 1.5% there. charter com, we're not seeing that open right now. >>> now, google is already on your pc and in your pocket. and now the company also wants to be on your wall. yes, that's right. google is buying nest labs, a maker of smart thermostats and smoke alarms. how exciting. for $3.2 billion. yes, it's the company's biggest deal since it bought motor oh la in 2012 for $12.5 billion. it gives google a high profile executive in nest co-founder and ceo tony fidell, a former apple employee, who is credited with creating the ipod on. perhaps that sheds a bit of light on why they're interested in doing this. let's take a look at google shares, down 0.4%. >>> google has long been indeexpenseble for millions of online resources as well as the producer of electronic hardware. going the has scooped a handful of robotic companies with many suggesting the firm wants to position itself as a major military contractor. however, mystery floating barges, do you remember that? and a shop purchased firms specia

and time warner/comcast.e will break down this potential blockbuster deal. ♪ quakes it is 26 minutes after the hour which means bloomberg tv is on the markets. i'm mark crumpton. interesting day, a turnabout from yesterday. the dow jones invest -- dow jones industrial average up .41%. the s&p is at 1780 eight. nasdaq is trending lower. a couple of movers we are keeping our eyes on. first, herbalife. shares are dropping after the new york post reported that canadian regulators are investigating the company over complaints that it has a pyramid structure. herbalife is already facing scrutiny in the u.s. and china over similar charges. we are also watching apple. shares of the tech giant are falling after iphone sales in the holiday season fell short of estimates. activist investor carl icahn to good vantage of the falling price. he announced on twitter that he has purchased $500 million worth of apple shares. will have more coming up in half an hour. i am mark crumpton. quakes this is "lunch money" on bloomberg

>> comcast has interest in time warner cable. has had advisers working with it to determine the antitrust or ftc ramifications of any purchase would be. that being said, it's unlikely that comcast would want to try to buy all of time warner cable. could it do so? at a price of $160 without much of an effort in some ways. but, melissa, the key in many ways, comcast, my reporting has indicated there's been talk between charter and comcast. but at this point, given charter's decision to release this letter today, they have come to no accommodation with comcast in any way or the other. nor has time warner cable coming any accommodation. >> david, thanks for the update. david faber, joining us. does this change the landscape in your view of how you vw some of these companies? >> yeah. consolid gone. this is something to look back at the liberty media/sirius deal. that gives cash back to time warner cable. everybody's involved in this. i believe that comcast, the parent of our network, has significant interest in some of the assets. an

this is about our proposal to time warner shareholders and we're trying to get time warner shareholdersesnsider our proposal. >> you have a large share holder in liberty. they have been fairly active as well in this effort at least, meetings in denver with large shareholders of time warner cable. are you all on the same page? who is leading the charge here? >> charter is the company leading the charge. i mean, it's our company. liberty media's a major shareholder with 27% of the shares, but ultimately the whole board of charter has made this decision and is behind this decision to go forward with this offer. obviously having a sophisticated investor like liberty media with john malone and greg maffey is a plus. they know this business inside out and they know what the value is and they've talked up the value obviously. and clearly the whole industry is looking at consolidation and values have risen since consolidation has begun to be discussed, so they really contributed to the whole rise in value in the whole industry and that's appreciated. but ultimately this is a charter move. >> and

drugs time warner cable says that the 61 -- >> time warner cable says of the 61 billion dollar deal is not enough. >> tommy hilfiger, they're here to talk about how e-commerce is changing the retail game and how he thinks he will win over the millennial generation. >> why the marijuana vote could mean big gains for democrats in this year's elections. "market makers" in new york city. >> super bowl time for us. they earnings. nobody loves banks more than a eric and i've. we have heard from jpmorgan and wells fargo, two very different stories. scarlet fu is in the newsroom to break data numbers. >> jpmorgan, their three year streak of record earnings has come to an end because a lot of one-time items. there is a settlement tied to bernie made off's ponzi scheme. analysts like to call it a noisy quarter when you strip out some of those one-time items, jpmorgan reported a profit beat of the dollar or descends us versus the consensus of $1.37. they profit beat of $1.40. a rain check on commenting whether they would have a decline in earnings. what we learned from the earnings report in the

if charter goes away, if time warner succeeds, will time warner fallback behind that mark? it is like a rubik's cube. charter could say they have a whole new slate of directors. you could replace direct nurse. time warner cable has lost subscribers in the last six months alone. watch if time warner with start talking to comcast. they could force all kinds of new controls. will they turn to cablevision? connell: thank you, dennis. dagen: okay. dennis will be speaking in a fox business exclusive with a former executive. also, that new appeals court ruling. some action in the stock market their. streaming has been soaring. listen up. the president of the music association coming up. the biggest songs of the year 2013. this is number five. ♪ ♪ ♪ [ cellphone rings ] hello? [ malennouncer ] over 12,000 financial adviso. good, good. good over $700 billion dollars in assets under care. let me just put this away. [ male announcer ] how did edward jones get so big? could you teach kids that trick? [ male announcer ] by not acting that way. ok, st quarter... [ male announcer ] it's ho

deals inne a lot of his previous life in time warner inc.. he is the right guy to get to do this. >> charter has probably the best manager in the cable industry. >> from an operational standpoint. >> you have very powerful and very willful guys. >> is part of the reason tom alone back to charter. he has a lot of faith in that company. key --the thing that that shareholders have to factor in. how much will time warner cable be after a few quarters? is >> -- >> that is their god. guy.at is their did a great job at cablevision, pushing that company up to the point where their penetration was very high. time warner cable argued that vision is not in a very good position right now. carter's argument is because he did such a good job over seven years, he hit their maximum point, their maximum penetration level and now the only place to go is flat or down. >> how long is markets going to -- >> since january 1 of this year. >> you and i sat here and talked about jamie dimon and his compensation, is it too much? rob marcus would get paid $50 million i

time warner's ask is $132.97.higher at least for the ask but a lot of companies are interested in time warner cable. david: we'll see what happens there. there is news on blackberry. liz: indeed. blackberry shares falling following a downgrade by oppenheimer. david: let's go back to nicole petallides on the floor of the nyse for details. what is going on there? >> blackberry going back and forth. obviously a name struggling today. the oppenheimer downgrade did not help blackberry. you have the oppenheimer downgrade motivated by concerns about further hardware and services sales declines, right? first a decline in sales is not good news. that is what oppenheimer is saying. that is one reason you saw it is to the downside. the other headline is a new hire, hiring a former sac exec, global technology to come in to be the global sales chief this is the second one they pinched from sac. we'll see whether or not this can help. you had the ex-sybase chief, john chen, being involved. a former colleague coming on board to

one, what is time warner cable worth on its own and second what is time warner cable worth in combinationthere are a lot of synergyies to be had and that's important to time warner shareholders because under pretty much all structures they would be likely to be shareholders of the new company. >> chris, last point, time warner shares as you said are moving higher but it is by less than 1%. did you -- would you have expected a more positive reaction especially as these talks potentially continue. >> you have timing issues amongst others playing into this. i think time warner plus charter is worth more than where they trade today or the implied trading today, but they're very rational factors and nobody is going to overpay here. >> charter, meanwhile, up almost 2%. chris, thank you for your time. >>> another big deal news breaking after the close. take a look at shoresares of google. news it's buying nest for $3.2 billion. we'd like to get reaction to that with david garrity. it's said this is google's second biggest acquisition ever. what will they do with nest? >> clearly with nest the in

know, whatnts to price will this deal get done haveime warner cable?160 is out of the question. where is the middle ground here? casethink we have made a to the time warner shareholders, which has been well received. cash andover $80 in combined of the com company is a very appealing proposition. we have got a very good response from the shareholders about that proposition. >> who are the shareholders were involved in this? can you name who they are? >> they are large institutions. you can look them up. a high degree of overlap between the time warner shareholders and the charter shareholders. a fundamentally believe in cable and often cases believe in the operative performance that merger can bring. -- theyime warner cable say, look, the deal is too low the charter's offering. he says his company is worth $160 a share. so, where do we go from here? >> the charter management team and to some degree the liberty management team is making the case to shareholders that the better. is the time warner management team has put forth that the company is worth m

chief foreign affairs correspondent margaret warner reports. some of the images in her story may be disturbing. >> warner: the arrivals hall at the airport in geneva was filled with diplomats and negotiators, including the head of the opposition "syrian national council". he made clear his goal: >> ( translated ): we hope that the people of syria have great confidence in us. we are here to achieve the aspirations of the syrian people and the demands of the syrian revolution. and we will not accept less than removing the criminal bashar al- assad and changing the regime and bringing the criminals to justice. >> warner: that seems the longest of long shots at the moment. syrian president assad has made it equally clear he has no plans to give up power. moreover, the sessions planned in lakeside montreux, amid tight security, already hit a diplomatic speed bump with the u.n. secretary general ban ki moon inviting iran sunday night, and then dis-inviting tehran yesterday. today, iran said it never wanted to go in the first place. >> ( translated ):

later, time warner cable rejecting charter's bid. will we see that deal come together by year's end? nobody better to ask than media expert porter bibb. we'll talk to him after the break. [ children yelling ] [ telephone rings ] [ shirley ] edward jones. this is shirley speaking. how may i help you? oh hey, neill, how are you? how was the trip? [ male announcer ] with nearly 7 million investors... [ shirley ] he's right here. hold on one sec. [ male announcer ] ...you'd expect us to have a highly skilled call center. kevin, neill holley's on line one. ok, great. [ male announcer ] and we do. it's how edward jones makes sense of investing. ♪ is your tv powered by coal? natural gas? nuclear? or renewables like solar... and wind? let's find out. this is where america's electricity comes from. a diversity of energy sources helps ensure the electricity we need is reliable. take the energy quiz. energy lives here. over the pizza place on chestnut street the modest first floor bedroom in tallinn, estonia and the southbound bus barreling dow

and this is something where america was always on the moral high ground. >>. >> warner: philipp. thank you very much. >> ifill: scientists are searching for clues to what's been killing starfish up and down the west coast. the mysterious die-offs were first noticed in washington state. that's where k.c.t.s seattle has been partnering with the environmental public media project earthfix to get to the bottom of the epidemic. special correspondent katie campbell reports. >> reporter: something strange is happening in seattle's waters. laura james was one of the first to notice. she alerted scientists when starfish began washing up on the shores near her home. >> i thought, you know what? this is getting a little too close for comfort, i need go see what's going on and i need document it. >> reporter: as a diver and underwater videographer, james was equipped to do something. she decided to take her camera to a spot popular among both divers and starfish. these pilings are usually covered with a rainbow of starfish. on a recent dave, james discovered a scene from a horror film. >> th

time warner is still fairly expensive. valued at 17.5 times earnings for last year, way more than comcast. >> the bankers are busy on this one. warner.ersus time do you think they are being unrealistic? the details.now anytime you are involved in this situation there is a negotiation going on and trying to maximize value for shareholders is the job of investment bankers, but exactly what the right i should be is hard to say because i do not know the details. when you looknder at a guy like john malone who has an amazing track record and works magic when it comes to tax structures other he is putting too many eggs in one basket. they have offered a pretty rich rice. time warner says it is $160 per take it you can somewhere else. let's see if he steps up. is there a danger in becoming too overconfident with a deal? >> sure. many yearsn john for and is pretty savvy. he is not the guy that gets so caught up in the frenzy of the pursuit. he could walk away. my guess is he will figure out a middle ground. he is a big believer in

time warner finishing off the publishing business. national fuel and gas has a model out there spinning off the utility business. nfg sells at $70, susie. if gas stays at $4, this stock would make up 50%. it's a utility with wonderful assets in the marcellus area and in the utica area. other companies like that would be mergers of pet boys in the auto parts area, federal motor an example which split up into two parts eventually. they will split. icon and everything i talk about our clients own. >> i hope everybody was taking notes on all this. a lot of good information as usual. thank you so much, mario, for coming on the program. >> great to be here with tyler and yourself, susie. >> that's mario gabelli. >>> alcoa aluminum made big news about settling civil and criminal bribery charges. more on that in just a moment. for the just completed quarter alcoa recorded a loss. writing down the value of smelting operations. alcoa two cents shy of estimates even though revenues did boat wall street forecasts. shares initially lower as you se

time warner or does it only apply to charter? >> i think washington may view some of the larger cable companies, and even though i may disagree with this, i think they will see one of the larger cable companies' bid for time warner unfavorably. >> we have to do these very fast. productions on calls -- consolidations. >> not a production, but one data point. >> the slide does not work. >> thank you. just a quick -- i would like to see it happen, i just want to give a one bit of something for policymakers who may be watching. one of the chalice ease -- challenges is they say they need more competitors. we should be like europe. i will say the one problem with the methodology is they do not look at the corporate structure. in a country like denmark, the incumbent telecom provider provides 2/3 of all the broadband in the country. they own the largest cable company, the largest telco, and the benefit is they get scale. it is like saying at&t owned comcast, which is unthinkable here, but in denmark, which has constantly been rated for

warner pled guilty to the charge in october.he will pay 53 million dollars in civil penalties and 16 million in back taxes. the judge received numerous letters in support of warner, citing years of charitable giving. the latest read on holiday shoppers may have been behind yesterday's buying spree on wall street. consumers lifted the sales number to point two percent in december.however, numbers were revised down for november. growth originally stated to be point 7 percent turned out to be closer to point 4 percent.big ticket items such as electronics and appliances weighed the numbers down -- falling 2.5%. charter communications makes its third offer for time warner cable.the nation's fourth largest cable provider offered $61 billion for the industry's second largest provider. time warner's board quickly rejected this offer as a non-starter, saying that at $132.50 a share it undervalues the company. continued scrutiny over how the banking industry treats interns and junior employees could be changing. according to cnn money-- c

what has pop warner done to make sure that on every level, every level of pop warner football, therest-grade safety-first equipment? >> we stress the importance of that. we're a volunteer-driven organization. but we really enforce that. everybody is extremely aware of the spotlight that football is now under, so they are much more careful about the quality of the equipment and reconditioning helmets regularly, and so forth. it's become a real point of pride for everyone in the organization. >> you know, the participation in youth football is down, and i know we've seen it in your st s stats. a couple of other youth organizations. now, you say you don't think it's concussion-related. why? >> well, there's a number of reasons. first of all, participation in organized youth sports is down nationally across the board. there's only one youth sport that's increasing, and that's lacrosse. another part of it is that there is more and more pressure on young people to specialize in one sport at younger and younger ages, so you have children as young as 8 or 9 years old playing one sport year r

margaret warner spoke with her in washington last fall.after she had been shot in the head by taliban supporters who boarded her school bus in pakistan's rural swat valley. here is a second look at that interview. >> warner: malala yousafzai, thank you for joining us. tell us what inspired you at such a young age to start speak out for girls' education, and really in such a dangerous environment. >> first of all, my father inspired me because he's a great father and a great social activist and women's rights activists. at that time, when they were suffering from terrorism, he spoke, he spoke out. and he spoke for women's rights because at that time, more than 400 schools, people were slaughtered, markets were closed. there were bans on women to go to market. girls were not allowed to go to school, and in that hard situation, he inspired me because he spoke and that's what i learned from him. >> warner: did you ever think, though, your outspokenness, and the fact you became a media star in pakistan would make you or your family a target? >>

relationship with mark warner?paign when they ran against each other or does it say something that warner feels about ed gillespie? >> i think it's more about the friendship. the two have worked closely together and john warner likes to stay in the news and this was a great way to do it. >> politico's mike allen with a look at the playbook, thanks so much. >> happy state of the union. >> we will see you. >>> david ortiz says he wants to retire in boston but we are not sure if the chihuahua in his lap agrees. what is going on here? we will explain when "morning joe" comes back. ♪ more than a feeling more than a feeling ♪ i don't just make things for a living i take pride in them. so when my moderate to severe chronic plaque psoriasis was also on display, i'd had it. i finally had a serious talk with my dermatologist. this time, he prescribed humira-adalimumab. humira helps to clear the surface of my skin by actually working inside my body. in clinical trials, most adults with moderate to severe plaque psoriasis saw

i wonder if we are starting to see this with time warner cable? >> yes, you certainly are and this is a big that will play out. time warner cable already got a bit from charter communications and they turned it down because the price was not right. i know cristina alesci has been looking at this for a while and she pointed out that it is a matter of pricing, not a matter but certainly win because pricing is the only obstacle that remains. >> that is right. i want to bring in our in-house guru alex sherman who has been leading all reporting on comcast and charter, coming closer to a deal, potential takeover, potential hostile for time warner cable. how did earnings this morning change the dynamics of that deal? >> they don't really at this moment. time under cable pre-announced that their subscribers so it is not a surprise that we know they lost a 214,000 tv subscribers. that is where the big losses come -- the video side. on the broadband side, they rise. time warner cable have a loss last quarter, that had to do with the cbs dispute, which was i

. +++ >> serious financing for time warner cable. >> serious financing for time warner cable. >> i just got off the phone with liberty media c.e.o. and what he told me was a potential purpose of this deal for sirius is to use its incremental positive cash flow and low-target leverage rate to potentially facilitate a deal for time warner cable. this has been something that we have followed for months. liberty is the largest share holder in charter. it will be charter taking over time warner cable. but liberty has said publicly, they want to make sure they are not diluted in any deal for time warner cable. they will have to kick in a few billion dollars and this deal will give them more resources to do that. >> what is the significance of this? how big a deal is this in the scheme of some of the things we have been talking about, potential consolidation in the cable landscape? >> the time warner cable deal would be one of the biggest deals we have seen in years. it would be at least a $62 billion deal at a $135 target price, which is what our sources familiar have told us charter is think

charter communications is making for time warner cable. they had a buying offer for $61 billion -- i said $61 billion. the ceo talked about using time warner cable to create a internet and tv provider. he has not received a serious proposal from time warner cable and will bring it to shareholders. it is great to be there with you in person. at what is going on here? why make a bid for a company that does not want it? >> it is getting the ball going really. decision,s made the time warner is not going to engage. let's take this to shareholders. let's not keep banging our heads against the wall with a company that does not want to anthrax. we will take this to shareholders and see what we can do -- but snarky banging our heads against the wall of the company that does not want to interact. we will take this to shareholders and see what we can do. >> what are shareholders going to say? >> that it is not enough. they almost certainly will not agree. from what we hear, time warner could counter with an offer of well over $150 per share. they wi

charter, the potential time warner cable deal -- >> charter will make a bid to buy time warner cable. that will be a $62 billion bid. most of that will be generated off of charter's balance sheet. some of that money will be kicked in by liberty media. the question is, how much will be kicked in by liberty media. liberty has said they want to have the same percentage in this 27%, as theypany, do in the current charter company. in order to do that, they will have to kick in about $3 billion or so. that is at the 135 dollar price target that we hear charter is going to offer time warner cable. >> we hear that offers coming in at any moment. up.he offer price may creep if it does creep up, liberty media is going to have to kick in more money. ' courtball is in sirius to see if this can come together. >> they have to evaluate the bid. in addition to that, they have the shareholders have to weigh in. said they'rehas willing to negotiate on price. that may creep up and that is irius was trading higher. ofge is buying some assets the most fisher scientific. they are trying to expand its life-

they might get bigger with that time warner cable deal. we also learned that malone's liberty global is putting its final touches on ziggo. >> it is not necessarily about these three companies, it is about his track record. he acquires businesses that he can unlock the full value and get the cash flow. >> shares have nearly doubled over the past two years. subscribers.illion a lot of those came from sirius installations in cars. malone says he may spin off sirius eventually. >> what they are signaling is that they believe in sirius, their cash flow story, that will give liberty more money to fund a deal for time warner cable and liberty thinks they can leverage up sirius' assets to borrow against more money. >> as for the potential charter, time warner cable deal -- >> charter will make a bid to buy time warner cable. that will be a $62 billion bid. most of that will be generated off of charter's balance sheet. some of that money will be kicked in by liberty media. the question is, how much will be kicked in by liberty media. liberty has s

time warner or does it only apply to charter? >> i think washington may view some of the larger cable companies, and even though i may disagree with this, i think they will see one of the larger cable bid for time warner unfavorably. >> we have to do these very fast. productions on calls -- consolidations. >> not a production, but one .ata point >> the slide does not work. >> thank you. would like to- i see it happen, i just want to give a one bit of something for policymakers who may be watching. one of the chalice ease -- challenges is they say they need more competitors. we should be like europe. the one problem with the methodology is they do not look at the corporate structure. in a country like denmark, the incumbent telecom provider provides 2/3 of all the broadband in the country. they own the largest cable company, the largest telco, and the benefit is they get scale. it is like saying at&t owned comcast, which is unthinkable here, but in denmark, which has constantly been rated for broadband, that consolidation allows t

warner says that's not correct. the offer yesterday was made in december and it was the third offer since june. >> going back and forth on this. >>> about 20 million directv customers nationwide are without the weather channel this morning. they could look out the window. although it's much better to know what is going to happen. >> yeah. you want to know what's happening throughout the day and tomorrow morning when you get up for work. >> you have to have a leap of faith to believe everything. but this is the best of all the weather forecasters. do we own -- >> we do. >> okay. it is the best. the midnight eastern deadline for recent negotiations without an agreement. and apple has lost its bid to launch the. the company plans too peel and it argued the monitor was aggressively trying to interview top executives, even though his mandate called for him to review the company's anti-trust policies 90 days after his appointment. apple complained about his proposel hourly fee rate of $1,100, arguing it gave him an incent

--he is able to really move he can take time warner. think about what that could do for charter communications and their subscribers. many have said he is the best ceo in this space. who knows what he can do. >> i am curious why they need to do this, why they need to flow positioncash so much they can help charter by time warner cable. by kim a not just finance it? madonna, the only thing better than more is all. that song is from the dick tracy movie. that is a madonna restaurants like nobody's business. i will talk about another fallen kin -- kingpin. here we are back in the news. the insider trader trial begins. steinbergw michael found guilty. we had six people that have pled guilty. what does this mean for steve cohen? some people have said this is the kingpin. it was said if they have not gotten him yet, they will not. , when did all the sap and? in the summer of 2008, when the heat was on. many people think this will be the linchpin. he supposedly had a conversation. >> people were desperate. people new markets were going down. >

problem with time warner cable and c.b.s. but time warner had to back down but you know their market the market power of these broadcast networks and hollywood generally to some extent you see to become eaten away with the with the problems in the controversy over sopa and cispa and even the old digital millennium copyright act you have these tech giants like google and apple that are getting into the content production business you have netflix what you have stuart we have streaming capabilities and they're streaming is based on cloud based technology which is something that aereo the aereo case does implicate because what the networks are saying is we have the right to even kill off this cloud based form of content that you can draw upon privately you know to your own device so there are implications for this are very very clear the networks are going to lose power now they've been losing it for years they still have it because even though most people that watch network t.v. are old people like me. you know will die off eve

it will be charter taking over time warner cable.erty has said publicly, they want to make sure they are not diluted in any deal for time warner cable. they will have to kick in a few million dollars and this deal will give them more resources to do that. >> what is the significance of this? how big a deal is this in the scheme of some of the things we have been talking about, potential consolidation in the cable landscape? >> the time warner cable deal would be one of the biggest deals we have seen in years. it would be at least a $62 billion deal at a $135 target price, which is what our sources familiar have told us charter is thinking about offering. maybe slightly below $135. that would be the third largest deal offered. 2009, just lower than the verizon deal back in 2009. that would be an enormous deal. us s particular deal for siri means that liberty media is going to be one of the active companies around probably for all of 2014. >> alex, thanks for bringing us that update. you will keep us posted on the developments. well, t

now moving on to number three in virginia senator mark warner warner has been steadily moving up the money ladder over the years. this year is now with stands at ninety six point three million dollars about sixty six percent and that which are held in trusts warner most notably made his money early on as the co founder of the cellular company that would later become nextel. counting the number two spot texas representative michael mccall collins taking a stand and this here is slipping from a number one spot to number two hundred and fourteen million dollars in network mcconnell is still faring pretty well the majority of his assets are connected to his wife who happens to be the daughter of law remains the founder of clear channel communications keep in mind clear channel is the umbrella company and likely owns the radio station you listen to you the company operates over one thousand stations. now finally to the number one spot this year's bridges congressman california caroline's at two thousand twelve was a very very kind here to representative lights up the sun as well throw ove

them finances help the time warner cable purchase? >> in two ways. liberty is a positive cash flow company, meaning that it makes money. toy will have more money potentially shift toward a bid for time warner cable. the second thing is -- i spoke with liberty's ceo on friday thatnoon, and he told me he would potentially increase the leverage ratio, the target .everage ratio of sirius xm what does that mean? liberty could borrow more money assets for time warner cable acquisition. but related, the dutch broadband providers. how does this fit in? may by thisedia company. it has primarily european assets. but the overarching thing is john malone push into cable. he likes the cable industry. he particularly likes the broadband growth there. in europe and the united states, giving themidating, more leverage against programmers who have been raising prices by 10% or more every single year and that increased leverage will cut costs and make companies more profitable. >> to your point, alex, we know that liberty global last year mobile and that was meant to

two things will change, if charter buys time warner cable.hat would be one, and stec two would be then charter would turn around and sell those three, new york city, new england, and north carolina, all of those cable systems would go to comcast, and the reason for that would be to get more money, more the $20 billion that they are borrowing in order to get this deal done. >> so basically, charter would get more funds, and also a potential competitor gets removed. >> correct. comcast is the biggest potential rival out there that could theoretically affect all of time warner cable, and this way by charter doing a deal at the end of this time warner cable bid is accepted, they remove comcast as a competitor. >> it really shows the strong relationship between liberty media and comcast, because most of them want consolidation. it seems to serve their purposes. ofthey have a long history working together. there was some tension in the mid to late 90's, because they were jockeying for the same assets and had a deal where they were going against eac

warner has been steadily moving up the money ladder over the years this year his net worth stands at ninety six point three million dollars and that's about. sixty six percent of that were held in trusts but warner most notably made his money early on as the co-founder of the cellular company that would later become nextel now to the number two spot texas representative michael mccaul mccall is taking a step back this year slipping from the number one spot to number two but at one hundred fourteen million dollars a net worth mccall is still fairing pretty well the majority of his assets are connected to his wife who happens to be the daughter of laurie mays the founder of clear channel communications and keep in mind clear channel is the umbrella company that likely owns the radio station you listen to the company operates over one thousand stations now finally to the number one spot this year is richest congressman california. two thousand and twelve was a very very kind to representative eissa was on his walls grow over one hundred million dollars thanks to that year alone the cong

>> if the time warner-charter deal goes through, that would be $62 billion to start.ffer would be the third largest deal offered, accepted or rejected since 2009. only the vodafone-verizon deal and the pfizer deal were more money. >> is it possible this could take as many months to play out in for the value to increase the ay it did with dell? >> i think that is the most likely scenario. if time warner cable continues to push back, it will drag out. the annual meeting will be in may. that is when the fireworks will start if charter the size they will nominate a new board of directors. that could be a few months down the road. >> you spoke to the ceo of time warner cable. he would like to do something. >> he is willing to sell. >> alex sherman, thank you. always good to see you. alex sherman, covering the time warner cable and t-mobile stories. >> we will head for a break. social media found out how to monetize video. what happens is here? we talked to the head of a video ad company. >> in colorado, this buzz is for you. pot shops are open. ," live onkers bloomberg tel

>> we heard the team make the case that time warner had seriously under managed time warner assets over the last half decade. the charter management team is in a position to really take those assets and really maximize the value of those assets. charter is trying to make the case for shareholders that assets would be in a much better position being managed by charter. >> what about charter? do you think they are going to higher bid? a >> time warner says they want a significantly higher bid. the rumor in the marketplace is approximately $160 per share, well above where the stock is trading today and well above charter's initial deal. i think it will be somewhere in between. one of the issues is how much cash charter has to come up with . how much cash will shareholders demand? right now, the deal consist of $83 in cash. my sense is that charter will have to raise that to reduce the amount of stock they will ultimately have to buy from the company. >> what about charter's largest shareholder? what is he up to? >> he surprised everybody almost a year ago when he came back to the u.s. afte

charter communications has sent a letter to time warner cable ceo robert mark is proposing to buy his company for thirty seven billion dollars us media reports say the deal would eventually totaled more than sixty two billion dollars since charter communications plans to soon time warner cable stats time warner cable executives say though that they aren't interested in the upper they say the proposed amount is too small. us cable tv operators are facing an imminent need for reorganization because of a sharp rise in the fees for broadcast rights. japan's largest business organization is getting a new chairman in june chairman some by a key suspect in the top of chemical fiber maker told it has been the next head of the japan business federation for cave and that he is hoping that the business community will drive japan's economic growth together with the government. leishman family of five field for old yet new take on this important job. it leaks there is a good mode in this country today because of an homage. so i'd like to help make sure that the economy will continue to improve and