of plan be some sort here for iliad? as you say, everybody was expecting them to come salivate the french market. -- to consolidate the french market. being machiavelli in, what do you think is going through his mind right now? >> there could be a conspiracy theory regarding iliad's intention in france. iliad was in talks with other french telecom operators. bouyguesto buy telecom. clearly, iliad sending a message to the operators today that, look, you didn't agree on my terms for the acquisition of bouygues telecom. i am moving on to something else. you could argue that it is putting a bit more pressure on orange and bouygues to reconsider what iliad's terms were. >> i think he is probably a smart guy. he probably is playing a number of chess games at one time. thank you very much indeed. watch this story. i want to bring you back to one of our breaking stories over the last few minutes. israeli officials say hamas has broken the cease-fire in gaza. it was only three hours old. let's get straight to elliott gotkine for

iliad dips into the red. shares of arcelormittal trading lower in europe after cutting zout look citing a tough pricing environment. >> you're watching "worldwide exchange," bringing you business news from around the globe. >> if you're just tuning in, thanks for watching. here is how markets are shaping up ahead of nonfarm payrolls today. we're watching the data very close. so far, the tone has been negative. it's been a bit of a patchy week for u.s. markets. the sell-off yesterday was fairley extraordinary, as well. we took these markets to their first monthly loss since january 2014. question marks about the short-term momentum now in the s&p 500 after a fall yesterday. but the data could swing the balance today. too strong, the market might say this was negative for the picture. the numbers come through weak, the market may be saying stimulus. europe is taking stock of its own problems. we're seeing weak pmis. allot across the border here. france, italy, germany. however, that said, most positive territor

iliad offered 33. the doubts have laid out to derail the bid according to a person the real -- person familiar. the reasons -- regulation and financing. >> my question to you is who is left? does this open the pathway up for iliad? they really underbid. >> $34. last week when we talked about the story, there was a comment by analysts that said because of the lack of regulatory concerns which would involve iliad's bid, because it would keep for hadlated players, sprint taken out t-mobile, there would have been three players. if iliad did a little bit more, maybe it would in the day. it seems that iliad is trying to raise its offer, but t-mobile might reject its bid. who is still interested? people say dish network. it tried to buy sprint. softbank one that. it could be interested. slim,od friend karloff one of the richest man in the world. he is will note in the communications space. american mobile, iliad, and dish network. >> we were just talking to ryan in terms of time warner. do they remain indepen

iliad is a smaller company than t-mobile. deutsche telekom saying they are not partnering with these guys, they are not engaging with them in any way, and they still prefer the sprint deal. >> quick thoughts from you guys on it? they prefer sprint, they say. >> he forged his way into the u.s. market and turn it upside down. he looks at the u.s. market and says, this is right for pirates to come in. he thinks he's a pirate. >> john legere thinks very highly of himself. >> everyone thinks very highly of him. the question is, is changing the ownership of t-mobile changing how it will be able to compete? >> if you don't get deutsche telekom, it just cannot happen. there is no way. even if they could control the debt somehow. this could be the quickest deal-killer of all time. >> ryan? >> i would agree. cory said earlier, it feels like the copy trying to swallow the fish. not sure if this will follow through. >> he swallowed his japanese mobile operator. >> the difference is the debt. you cannot go into this right now and say, i'm

iliad interrupts sprint's plans for a t-mobile bid with a rival offer. investors punishing the french firm. shares are down hard this morning. the global stock selloff continues. european equities keep falling head of what is expected to be a strong u.s. jobs report.

it's not that iliad is actually offering a discount. it's offering a way that the deal could be done. >> we are understanding that iliad could be on the sidelines, trying to gather more money. they could be going for bigger financing are getting other people to come on board with them. >> deutsche telekom is going to say no thanks. a fiduciary duty to get the best possible deal for shareholders, etc. is why areting thing they going for t-mobile u.s.? it's not clear why iliad would do it until you look at europe and lance being thwarted for the same issues, regulatory issues, etc. i know i'm taking it forward a little bit. >> t-mobile has shaken up the u.s. market to a large extent, hasn't it? >> the difference is that it was position.o that the brand proposition and delivery were not matching up at one point. there is a huge capex investment but also because he continues to contract. you have regulatory pressures in europe which are making mobile company's decline to do the investment. regulators in the background saying you've got to i

and iliad, off by 3.2%. let's talk more about these two mega mergers, which were never meant to happen. joining me from new york is s&p capital iq and editor at the merger market group. now, let me quick things off with you. we had an analyst on the show saying time warner would now have to prove itself to shareholders in terms of how it expects to create value. what do you want to see from the company going forward? >> well, obviously, i think they had his work cut out for him. he has to lay out a case now to maintain intaptive growth in pretax flow and earnings per share going forward. especially after the spin-off of the publishing unit. so i think what investors expect to hear is a sustainable strategy for future growth. and perhaps also more importantly to prove that it can create a lot more value, as he said that he would when the offer from fox was turned down. so for time warner, i think really the -- you know, the work is now cut out for them. and investors are going to have really, really high expe

iliad might not be a buyer. they don't have the financial resources. >> for $35 a share? >> we are talking about $18.7 billion to do a deal like this. as cheap as money is right now, it might be hard for them to get this. they already have an enormous amount of debt. it is not out of the question that they could have more, but presently the company has borrowed a lot of money. you can't just add more debt. >> the question is, can they continue to grow prescribers? -- grow subscribers? everybody thinks that is not really possible, except john legere, who claims he can keep doing it. john butler, who are potential buyers, realistic buyers for t-mobile at this price? >> it is hard to say. if you look at the usual suspects, the most outspoken has been charlieat dish. reuters said earlier that he is not talking to cable companies, cox, charter, and others, about putting together a bid for t-mobile. beyond dish, there is interest out there. sprint counted itself out. but this has been a very interesting game in terms of the developments. so it will be interesting to see how it

iliad offered $15 billion in cash to buy 55 -- 56% stake in t-mobile u.s.. this is the same day the t-mobile reporting results. the subscriber topped estimates. the ceo talked with my colleague, emily chang, about the future of the company. >> you know, i have said many times, there are multiple players, multiple options for the company. i'm not going to comment on any specific one. you can figure out, how do you get scales, how do you get spectrum, how do you get capital? one way is to move aggressively. and then various accelerants access. -- exist. you should be clear. there is great interest in t-mobile. we will consider any option that exists for the shareholders. >> that was like the foreshadowing tease of the century. various options for the company, accelerators -- for more on what those accelerators might be, michael maccormack is here. michael, do they need accelerants? do they need capital to build up this network? >> a lot of people question why not organically. they have been doing a great job on taking share. sprint has been a donor for the ent

earlier this month, t mobile rejected $33 a share from france's iliad. and russia stepping up that crackdown on mcdonald's. a russian consumer watch dog has ordered that 12 of the restaurants be closed temporarily and another 100 are being investigated for sanitary issues. there's speculation the closings are in retaliation for western sanctions against russia. in the meantime, it's 26 minutes past the hour, which means bloomberg television is on the markets. equity futures are slightly higher. we are, of course, still struggling to stay above the 2,000 level on the s&p, and where we go next, we're going to get some economic numbers in a few moments. personal spending numbers very important as a measure of the economy. they'll be at 8:30. and as we reported earlier, j.p. morgan, the latest victim in a series of cyberattacks. some members of the bank security team believe that the russian government is behind this breach, possibly in retaliation against those sacks against russia. joining us with more is the man who knows a lot about sign air tax. he's th

t-mobile has, turned down a $13 billion deal with iliad. -- $15 billion deal with iliad. this is not a surprise. it does not appear that softbank had anything official on the table. >> let's back up a little bit. iliad is a decent size french telecommunications company. >> but smaller than t-mobile. quick smaller than t-mobile, but offered $32 a share. door to telecom controls t-mobile. we understand they want to get out of their deal. they don't have the money to do it. they may or may not have the borrowing capacity to do it. it depends on the grace of god and a couple of banks as well. t-mobile is about to announce they are not interested. door to telecom -- deutsche telekom has already said they don't want any part of this. that they have some interesting getting money from anyone that has got it, and they knew something was coming from europe, the sort of between the lines in the conversation you had. optionssaid domestically and internationally. it is clear that they are looking for sources. they could be close to $40 per share, but we don't know exactly. >> bankers

now iliad executives say their offer won't cause the same problem. they don't have any operations in united states. executives at sony say competitors in china are eating into their share of the mobile phone business. they're going to overhaul their smartphone division to stop the slide in sales. the executives brought in higher profits for the april-to-june quarter and credit strong sales for their video games and movie business. but they failed to reach their target for mobile phones. they've struggled to compete against chinese firms that make inexpensive hand sets for emerging economies. now the executives were aiming to sell 50 million phones this year. but they've lowered that estimate. now at 43 million. they say they'll restructure the division to cut their losses. and they may stop selling phones in some markets. managers of some japanese electronics firms are branching out. their companies have made semiconductors, televisions and other gadgets for years now. but they have struggled to stay profitable. some are looking to the future. and th

it has attracted the interest of rint, and now enter, iliad. this dollar full french telecom carrier where the ceo was just as colorful as john leisure -- joh. he owns the rights to the song "my way." >> smart guy. bid for as a substantial fortune of the shares of t-mobile, offering $35 a share, and suggesting that is. bid is in line with the company. >> are they going to make a higher bid with the indication that he will not be going away anytime soon? >> the real question, where will they get the money? -- theymueller company are a smaller company, and they do not have that kind of cash. >> thank you. johnson, in new york with us. we will return in a moment on "in the loop." ♪ >> if you have not noticed, coca-cola is in a bit if i find these days. bind these of days. >> i want to make absolutely sure that ice age that all of our products are healthy and good products. there is nothing wrong with products that contain sugar as as you have a choice and you give your consumers and as long as you actually make sure you can be part of the soluti

iliad executives say their offer won't cause the same problem. they don't have any operations in the u.s. executives at sony say competitors in china are eating into their mobile phone business. they are going to overhaul their smart phone division to stop a slide in sales. the executives brought in higher profits for the april to june quarter, they celt strong sales for their video games and movies business. but they failed to reach their target for mobile phones. they've struggled to compete against chinese firms that make inexpensive hand sets for emerging economies. the executives were aiming to sell 50 million phone this is year, but they've lowered that estimate to 43 million. they say they will instruct -- restructure their division to cut their losses and they may stop selling phones in some markets. the leaders of japan and chill chile say they want to get a move on with negotiations over a free trade deal in the asia-pacific. they are keep to wrap up an agreement for their transpacific partnership as soon as possible. prime minister abe

the ceo of iliad sounds kind of crazy. did they hook this up together? adultrred in the pornography industry? rights to the song "my way." >> co-owner. >> that would be a colorful combination. crazy. >> let's not forget the t-mobile asset that was a dog a couple of years ago. john leger marched in with his old team from t-mobile. i met with him about this a few weeks ago. we were out for drinks with macklemore. the discussion was about how this plan to turnaround team of your -- t-mobile and change the telecom industry in the u.s. was something they worked on before they marched in the door. he came in with his team reviving this company forcing the other carriers to respond. >> if you follow john leger on , i suggest you do if you like swearwords. he has pushed this narrative he does not need to merge with sprint. he is going to be the boss of the new sprint employees. >> he behaves like a guy who does not feel like he has to. in may said wen cannot compete with softbank on t-mobile. we don't have the money for it. dishes a $32 billion company. compete,

we want to see whether iliad comes back. >> iliad had a discussion with bouygues and it was rumored today -- it comes down to valuations. billion, iliad was offering five to 6 billion. there was no deal to be done. >> there playing a very funny game. they came in well below what people were familiar with. thinking that already sprint had offered. >> they thought they could sneak one in. oursame way as -- they lowballing. it is a ballsy strategy. desperate.is in that many are left scratching their heads, thinking -- maybe if they are going to buy assets they won't have the money to start doing it in france. as it stands, we know earnings are going to be under pressure. they said, at the moment you have still got plenty of competition. many people are worried that this competition we are seeing in mobile phones will spread to landlines, tv. >> it's a wonder how much mobile phone prices can come down. i 40%, youown can't go any lower. 40%, you can't go any lower. you have to gget consolidation. >> exactly. will probably follow that forecast. interesting to see what telefonica will do. >> tha

french wireless company iliad has made a takeover bid for t mobile offering $15 million in cash for a more than 66% stake in t mobile. sprint and its parent company have also been pursuing a takeover of t mobile. their owner says the offer is better. spoke with the always outspoken c.e.o. john legere about sprint's deal, but before the iliad bid, listen closely to some clues he gives about t-mobile's future. >> in q1 we announced contract freedom, it was the launch of paying early termination fees and that caused an aggressive spike. among other things we did today, we raised our guidance for postpaid subscribers for the year now saying we will be between 3 million and $3.5 million. evidence that we fill our momentum will continue drug the rest of the year -- throughout the rest of the year. >> you are enabling more customers do have contracts, does that mean they are are buying less expensive phones? the iphones and the samsung green bay packersies. -- galaxys. and are you selling more low and middle tier phones? >> the uncarrier carrier movement is focused on solving pain points for

french wireless company iliad has made a takeover bid for t-mobile offering $15 billion in cash for a more than 56% stake in t-mobile. sprint and its parent company have also been pursuing a takeover of t-mobile. their owner, deutsche telekom says softbank's offer is better. i spoke with the always outspoken c.e.o. john legere minutes before iliad's data was reported about all of the options on the table and their recent subscriber growth. >> as you know, in q 1, we announced contract freedom, it was the launch of paying early termination fees as something we'll do and that caused an aggressive spike. remember that among other things we did today, we raised our guidance for postpaid subscribers for the year now saying we will be between 3 million and 3.5 million. further evidence that we feel confident that our momentum will continue throughout the rest of the year. >> you are enabling more customers do have contracts, does that mean they are buying less expensive phones? the iphones and the samsung galaxies. and are you selling more low and mid tier phones? >> the uncarrier carrier m

the stock is down more than 30% year to date, down sharply on the iliad news. we go out to september, we want spreads.e buy call to the upside.d you have eight to one on sprint. >> thank you very much. the chief strategist at mkm partners. "money clip" is up next with adam johnson. ♪ .. >> welcome to money clip where we tied together the best story, news, and business news. africa is coming to the u.s. trying to do the u.s. as the ebola virus casts a long shadow at home. offers temporary shelter to hundreds of children crossing the border from mexico. and warren buffett, you have cash. only problem is no one seems to be biting. a u.s. tour ux

that offer is likely to be deemed insufficient by deutsche telekom, but there are also reports that iliad is looking for allies to beef up the bid-- standard chartered is facing a risk of fresh american fines. the london-based lender is being investigated in the united states for allegedly breaching money-laundering laws. follows only two years after standard chartered was fined for breaching sanctions on iran libya, and sudan. confirmation came as the bank confirmed profit e, from our part everything that has happened in the last 28 days is clear evidence of war crimes committed by israel. that is tantamount to crimes against humanity. >> as a palestinian foreign minister meets with officials at the international criminal court at the hague, human rights watch

t-mobile flatly rejecting a due dill gent request from french telecom company iliad reporting that the wireless carrier considers iliad's $15 billion bid for nearly 57% of t-mobile, quote, dead on arrival. t-mobile doesn't like it at all. why? they've been in talks for quite some time with sprint for an even bigger deal, much bigger. sprint has offered more than $30 billion, but t-mobile doesn't want to deal with the moving higher by nearly 2 percent. sprint nextel's down two and a third byrd percent, and that's pretty much been the pattern. five weeks from today is september 9th. this is the day that apple is reportedly going to unveil its long-awaited new iphone. the new model is expected to have a bigger screen, 4.7 inches, and there have been some reports that apple will have a second device as well with a five-and-a-half inch screen. is it true? 9/9? our jo ling kent called apple, no comment. this is what the market is commenting on, and the comment is down two-thirds of a percent for apple's stock or 58 cents. it's now at $95.01. >>> well, axe all the drama from the russians supp

is expected to reject a takeovered by from iliad. executives at t-mobile u.s. refused to disclose financial information. t-mobile officials have been in discussions with a buyout with sprint. t-mobile's major shareholder deutsche telecom are also likely to reject the offer. the wall street journal issist with drawing its offer to buy out sprint. managers at sprint have been negotiating to purchase t-mobile. american media reported in june they had reached a broad agreement. sprint and sofbank have not released an information. >>> the earnings reports are out. japanese automaker toyota motor reported gains in sales and profits for the april to june quarter. sales rose more than 2% from a year earlier to $62.3 billion. robust u.s. sales made up for weaker demand in the domestic market. japanese consumers bought fewer cars. operating profit grew to $6.75 billion. >>> international aid poured in after disaster struck japan three years ago. support came in the form of rescue teams, and financial dotions. nhk world's jun komito reports. >> reporter: this railway was

makes -- iliad takes an offer that complicates sprint. and a 72 hour humanitarian cease-fire in israel. welcome back to "countdown," i am mark barton joined by caroline hyde and ryan chilcote. results.aiting first, let's talk to manus. a big move in equity markets. caused by a number of reasons. >> the beginning of a chill -- whole new second half of the year. whether was the portuguese bank being instructed to raise more capital. argentina saying they had defaulted. standard & poor's may disagree. european equity futures are opening. my issue this morning is the european equity futures. people were complaining about a lack of volatility. down 0.3%. let's move it on and look at the u.s. equity futures. they are higher. we have not seen this kind of buttility of more than 1%, we have had it three times in the past two weeks. that is hectic compared to the previous 62 days where there was no movement above and beyond 1%. volumes were about 30% higher yesterday. you, if you are a ed trader -- a daytrader. manager, ann asset investor, you loo

. >> reporter: iliad put an offer for majority steak, as well, and experts say this could present a buying opportunity for dish network a company that also faces increased competition as at&t buys the rival direct tv and comcast merges with timewarner cable. for sprint, the company is also welcoming a new ceo, whose cell phone d by a distributor. >>> more on the abandoned bid by 21st century to acquire timewarner. timewarner's shares fell. thanks to hbo and the game of thrones series. after the bell, the latest quarterly earnings at 21st century fox were better than expected thanks to the film and cable tv networks. revenues of more than $8 billion beat wall street estimates. the stock was initially flat after hours but then moved higher. julia boorstin was listening into the conference calls. rupert murdoch was on the call and what did he say about the withdrawn bid for timewarner? >> he addressed the issue straight off the bat. the decision came down to two fundamental issues, one was the fact that timewarner's management board was not willing to sit down and negotiate and two, the react

t-mobile, the fourth biggest wireless carrier plans to reject a stake offer from francis, a company called iliad. that rejection could come as soon as tomorrow, say reports. t-mobile's parent company sees the offer as too low. >>> did you ever wounder where all these elate racehorses you see in the kentucky derby or preakness come from? many are bought and sold in upstate new york. now in it's 97th year. so what horses are on the action block and who is doing the buying? morgan brenham has that story. >> reporter: every august, billionaire celebrities and royalty from around the world flock to saratoga springs. here more than $30 million changes hands as the next generation of premiere racehorses is bought and sold. one-year-old thoroughbreds untrained and untested on the track but bred from the winners. >> this is a special sale. it's a select group of yearlings. so this is not an average situation to start with. >> reporter: along line of champ joins have come from this auction from back to manawar, considered the greatest racehorse in u.s. history. buyers examine pedigree and athleticism, cho

iliad has proposed buying a 15% sake in t-mobile. for partnersooking to increase -- early it is looking for partners to increase its offer. but that is really disruptive in the market. >> you are a genius. >> rupert murdoch giving up on time warner. with trying to $75 billion takeover bid because fox's stock as dropped since word of the time warner bid got out. is -- foxx is announcing a $6 billion share buyback. >> i'm looking for a word search for murdoch. i did not see it, but it's really good to see a single line on "hangover part three." did you see that? >> it tends to be about game of thrones, but that is good. >> paul sweeney saw i like hangover three. >> paul sweeney is director of intelligence at bloomberg. paul, the earnings report that time warner is publishing today, is that the sideshow to what is going on with time warner not going forward -- or i should say, foxx not going forward with this it for time warner? >> absolutely. in the earnings call later on today, the shareholders will want to your a five-year long-term

after rejecting talks from sprint and iliad, deutsche telekom is open to 17 mobile if the price is right -- to selling t-mobile if the price is right. samsung beats apple to the punch, announcing a smart watch just days before apple may announce one of the run. the gear s

after rejecting talks from sprint and iliad, deutsche telekom is open to selling t-mobile if the price is right. samsung beats apple to the punch, announcing a smart watch just days before apple may announce one of the run. the gear s has a curved screen and can make calls without a smartphone. and, the video platform that has

separately francis iliad is considering improving its bid. bank of america upgraded, and the bank sits it will increase the quarterly dividend to five cents a share. the first dividend hike in seven years. >>> groupon shares tumbling after the online deal company released disappointing quarterly numbers. it's really getting hit hard today. >>> cnbc is now going to highlight 50 publicly traded companies whose spending on research and development creates the greatest value for shareholders. you can see the full list at cnbc.com/rq50. which companies are doing a better job than others? dom any chu is looking at defense, where r&d is clearly highly, highly -- >> front and center. when it comes to that kind of spending, there is those that spend wide -- the professor is from washington university at st. louis. she took a lot at these methodologies. we're looking at lockheed martin and northrop grumman. lockheed spend about a% and a half of sales. northrop grumman about $507 million or about 2% of sales. according to the research a 10% bump in spen

. >> tyler, we're watching shares of t-mobile, "financial times" is say it will reject iliad's offer for a stake in the company. they're up fractionally by about one tenth of a percent. back over to you, tyler. >>> all righty, dom. 1-1,000, 5-1,000. that's how long your eyes are off the road generally when you send or read a text, and it can have deadly consequences. next, meet two companies or individuals from them, hoping to change that, with technology. >> there, when i start driving. look at that. the phone just went to blank. >> i put the technology to the test. we'll show you when "power lunch" returns in two minutes. your 16-year-old daughter studied day and night for her driver's test. secretly inside, you hoped she wouldn't pass. the thought of your baby girl driving around all by herself was... you just weren't ready. but she did pass. 'cause she's your baby girl. and now you're proud. a bundle of nerves proud. but proud. get a discount when you add a newly-licensed teen to your liberty mutual insurance policy. call to learn about our whole range of life event discounts. ne

iliad improves its bid for t-mobile trading down just over 6%. as for sprint that stock sinking, down about 20%. melissa, back to you. >> thanks. >> what happened to sprint now? faced with combating customer turn going on, losing money every year since 2007. what next, murph? >> the fact it sold off with this deal, allegedly falling apart, doesn't surprise me. the fact it got so much ahead of itself. the move ahead above $ 6, even $6.50. no reason to buy sprint at $6. >> the problem with sprint, in an oridnary situation, this would be like carl icahn licking chops pep get involved, throw everyone out and clean house. you can't, because almost the whole market cap is owned by soft bank. and this is obviously a situation where they're going to dictate the fate of sprint, not any other shareholder. in the about psyience sence of you got? even if the deal went through it, it would only control less than one therpd of the cellular movement which isn't big anyway. >> activists can be come in and -- so -- >> yeah. what do you do? >> it's out of luck? >>

iliad has offered $15 billion cash for 50% control of t mobile u.s. it's also up more than 6% this week. guys, back to you. >>> thank you, morgan. >>> the s&p 500 has turned positive for the session, so it does look like perhaps we could scratch by with a gain for the day, but again it was the dow that raised its yearly gains. >> it's all about margin debt. >> apparently. >>> argentina's default is now official. it sounds like bad news, but think again. we have some history and charts that will open your eyes. >>> and we asked some hard proof this market has gone flat-out crazy. we'll tell you about the loco indicator, when "street signs" returns. we started zya with the thought that the kid on the back of the bus might have a song that he has in his head but he just can't get out. with the technology of cloud, we change all that. i can sing something into my device, up to the cloud it goes, back down it comes, sounding better. we break down the walls of creation and we give music creation for the masses. ♪ ♪ unlock the creativity in anyone. with

know is iliad do and france. it is seen as a bit of a longshot. they are there and they do have a bid on the table. then there are the domestic players. .e have had dish they've expressed an interest in t-mobile in the past. then there are the other domestic player's. comcast. even google has been talked about as a buyer. maybe they want to make a bigger bet on mobile. there is a long list. >> come back to comcast. not something that is common in the united states. it has been shown to work. could the model be you replicated stateside? in the u.s., it it barely exists at all. comcast is a behemoth in every way, but it has no mobile offering. long-term, we think we will go to quadruple play offering. >> matt campbell on the latest from dt. $5.3 million, the average ticket sales generated by jay-z and beyond see -- beyoncÉ. it has grossed over $100 million this summer. we will look at the business behind this record-breaking duo. ♪ -z and beyoncÉ tour comes to an end later in san francisco. it is expected to generate over $100 million in ticket

as you mentioned, iliad with an effort, some diversionary tactic to increase the chances of it, so that they can negotiate a better price. time will tell. i think having gotten more or less a greenlight from the for the operators to go to three and mobile, there is still the expectation that that will happen. the way they are going, it looks more like a 2015 story at this stage. >> thanks for the analysis. conor o'shea joining us. now, let's move on. after a week that saw the resignation of france's government, the company's businesses are gathering in paris. caroline connan on caught up with a ceo and got his take on the french cabinet reshuffle. hollande can say if it was necessary or not. to workit is important as a team. i think the situation has been clarified. i think it is good for the confidence which is very important for the time being. it is good also for the rapidity of action, which i think are necessary. now we have to see what will happen when the prime minister will present to the parliament and how he is going to be received by the parliament. this is something which sh

iliad is bidding for a majority stake in the company. that sent shares of that french company into a tale spend. there have been drawnout talks with sprint on a merger. one day after the biggest bank in france posted its worst loss ever, the number two bank posted numbers better-than-expected. hurt by u.s. fines for violating sanctions. -- chrysler is writing jeep riding jeep to its best sales ever. they scored 41%. it was the 52nd straight monthly sales game. >> we walked in with a truce in israel and gaza. that truce has been shattered. reports of an israeli soldier -- not sure the right word to use. kidnapped is what channel 2 sa ys. >> abductive? abducted is the way i will put it. the cease-fire is decidedly over. >> it was supposed to be three days. a humanitarian cease-fire. >> this was the entire world coming together to try to create this. you had ban ki-moon and john kerry going back and forth. some of the arab nations working behind the scenes. yet, can't do it. >> let's get to the market. it was sudden yesterday. >> down 317 p

so basically saying the offer we got from iliad is too low. sprint was offering $40 a share so i guess they have have to up their offer a little bit. growth is sustainable and valuable. competition became a great deal. more intense in germany, they say they're cutting costs significantly in germany and europe. there's the latest in terms of commentary come from deutsche telek telekom. >>> still coming up on today's show, an app that let's drivers pay for parking spaces if their dashboard. >>> the nikkei snaps a business on news. a government fund increases its domestic stocks more. >>> plus as nfl preseason kicks off, we're joined by a super bowl linebacker turned wealth manager. >>> and as earnings season turns to retail, are american firms struggling to shop around for new executive talent. we'll cover this and much more on today's show. we'll be back in two. >>> welcome back to the show. cnbc has confirmed reports that bank of america will pay up to $17 billion to settle a justice department probe into the sale of toxic mortgages before the

. >> when was the last time we talked about iliad? >> i know. >>> coming up, jason if you rememberen jason furman is going to join us. but first, procter & gamble bouncing back after a few rough months. but some are still disappointed with the company's performance. all of those details on that story. let's take another look at the futures which have been all over the place this morning. there you go. dow jones with an implied open of down 25 following that jobs report. more "squawk on the street" live from post 9 at the new york stock exchange when we come back. but what if you could see more of what you wanted to know? with fidelity's new active trader pro investing platform, the information that's important to you is all in one place, so finding more insight is easier. it's your idea powered by active trader pro. another way fidelity gives you a more powerful investing experience. call our specialists today to get up and running. >>> procter & gamble reporting fourth-quarter profit of 95 cents a share. that handily beat estimates b

called them -- were recounted in oral tales and they were later written down in epic homes like homer's iliad. the ancient greeks surrounded themselves with images of amazons, just as we do today and every greek boy and girl, every man and woman new amazon adventures by heart. audacious warrior women were not confined to the realm of myth and antiquity. we also hear that famous historical figures such as cyrus the great of persia, hannibal, alexander the great, and the roman general pompey also tangled with fears amazons. the idea of war-like, barbarian females -- the greek use the word barbarian for anyone who did not speak greek. they were the opposites of proper greek women and they certainly served many symbolic and psychological functions for the greeks. is thewas entranced by archaeological discoveries that confirm that amazons were not just fantasy, not nearly figments of the greek imagination as so many scholars have believed. that is what i am going to focus on today, the archaeology of amazons are in i was -- amazons. i was struck by the fact that greek and roman authors never doubt