cablevision sets its optimum online service consistently surpasses advertised speeds. time warner and verizon did not immediately respond to questions for comment. >>> coming up, you need some help? well, you better get baquero. a woman who loves the olympics had some trouble with the tickets she bought for 2016. and then she got stuck with the cost of a home she rented for the games in rio. what you can learn if her bad experience. >>> but first, our social pick of the day. the limon orchards pumpkin patch near little field, in connecticut. isn't that the quintessential fall picture? beautiful weather throughout. thanks to mi10016 for that. >> we always love when you have use the #nbc 4 ny on twitter or instagram. it might be selected as our meet the moore's! we're the moore family, and as you can see, we need an internet that can do more. we do more games, and more streaming. so we need more speed. that's why we switched to time warner cable. you can too. call now. now we can connect more devices, at the same time. the wifi in this house is amazing. so is my guacamol

. >> that's a 10% capital increase in order to finance part of the acquisition of cablevision. jp morgan is the coordinator and book runner for the deal. certain managers of the company already announced that they will subscribe to this capital increase and this morning altice announced it is in order to finance most of the acquisition of cablevision. in a statement it says that this acquisition is based on the rates. 7.6% and almost on 8 year. this announcement comes after altice shares have been under pressure since the beginning of the week on concerns that the company may have too much debt and we're still negative this morning on altice. the shares are trading lower in amsterdam. they're down more than 5%. >> thank you for that. now the last half an hour a saudi envoy demanded that russia stop it's bombing campaign in syria. it comes after the united states disputed moscow's claims that it's air strikes are targeting islamic state forces only. russias actions risk inflaming the civil war. >> i want to be careful about con if i recalling information but it does appear that

. -- cablevision, the deal was ce says the -- alti agreement means the takeover of cablevision is now fully funded. a 15 year old boy has been arrested in connection with the tall talk.k on the company was hit last week. some banking information may been stolen. let's call it the u.k. stress test. will get the first estimate of the gdp in the third quarter. antonin jullier still with us. says thels stress test u.k. economy is resilient. do you expect to see it in the gdp figure? >> i am looking for .5. either way i think it is good to be softer. manufacturing is week. manufacturing is weak because the global cycle is week. the point is to keep them in perspective. by now, manufacturing has not had a good quarter. it might attract about 10 points. it is likely to be the difference between expansion and recession. looks fine. we are going to have a softer patch because of manufacturing. jonathan: we always have this situation where the equity markets are divorced from what is happening. the u.k. economy might be resilient, but you want to stay with from the ftse 100 if you worried about

they are trying to funds that megadeal for cablevision in the u.s.. it is falling as a look to sell shares, but the ipo is selling off, not raising much money. jonathan: caroline hyde, thank you. 40 seconds into the session, the rally continues, ftse up by 77 point. over in asia, a two-day game. it amounts to almost 5%. shery ahn in hong kong is standing by. japan is leading the gains, leaving higher. this despite some disappointing data on the business sentiment, with confidence among large manufacturers worse in the third quarter, down from 15 and missing estimates. korea also has factory output data rising 3/10 of 1%. the cost indexes rising a tenths declining,rts also still slowing. it'sroline mentioned, positive sentiment we are feeling across asia. a closedom china, today but without manufacturing pmi climbing to 49.8 in september. that has shown signs of stabilization, positive for markets across asia, with stocks rising for the second consecutive day. in newy decline is zealand, because the energy pulls the index downward more than 12% after i

it is buying up cablevision. owner stretches his cord into the united states and buying cablevision. they are looking to sell 30% to $1of cablevision billion to other buyers. finding other ways to finance this megadeal overall. piab which is cp a hedging plan investment. the u.s. cable arm of out these altice.e arm of it is close to be closed for the first half of 2016. manus: caroline hyde, thank you very much. let's finish up with john wraith. as we touched on a lot of central-bank policies. reading your notes, the ecb, the next move could be quite aggressive. give us your take on what is needed to deliver draghi. john: the markets responded quite forcefully after this month's meeting. it seems clear they will the -- they will be delivering some stimulus in december. ofy will make some sort acknowledgment that the kiwi is likely to go on beyond that by three to six months. manus: the next wave of qe comes at a very difficult moment in time. are you worried about the availability? john: not yet. what is interest

the company is looking to fund its 16 billion euro purchase of cablevision. greece aren expressing concerns over sales tax hikes. they are scrapping a rebate for these islands, which include mykonos and-- santorini. the car market in the united states -- carmakers have reported a double-digit jump in september sales, following booming sales in august as well, when cars rolled out of dealerships at the fastest rate since 2005. fiat chrysler up by 14%. general motors up by 12%. thehe united states, country is going through a credit card revolution. banks have been sending out new chip-equipped cards. merchants without a chip-enabled card reader will be lliab -- liable for fraud carried out with magnetic-strip cards. more from washington. reporter: they are putting their cards pieces -- they are cutting their credit cards to pieces. it is a case of out with the old, in with something europe has had for several years. >> you take it out and handed back to the client. -- and hand it back to the client. reporter: he and his repair shop are up to speed. even the sma

down almost 10%, selling new stock to finance its acquisition of cablevision systems. up the spanish oil company by 3.8 percent today, reaching a $1 billion investments target with the sale of one of its businesses. after disappointing third-quarter, the fourth quarter is starting on a negative note. matt: thank you. have anr credit card emv chip? em the technology is already standard throughout europe and has been for a decade. the u.s. is now making the transition from swipe & to the more secure chip and pin cards were at least chip &. transition enters a new stage. what is emv? euro mastercard and visa. they set a standard for how chip cards and readers work. chip and pin would be secure and that's why europe has been doing it for so long. a lot of people think we are switching to that in the u.s. sign. is really chip & if you look at the issuers, how many are going with pin? the majority are going with signature. matt: so it is still affordable. easily. addresses chip counterfeit fraud. much -- pin abuse is a much smaller piece of for. that's associated with if you

schneiderman said it is concerned consumers who are paying for service from verizon, time warner and cablevision might not be getting the fees that are being advertised. shareholderargest in square is leaving the board ahead of its ipo. therefers not to serve on board of public companies. he on 17% of the famous company. he has been on the board since 2011. you can always get more business news at bloomberg.com. nasdaq, abigail is standing by. abigail: stocks have been on nasdaq. right now we are flat. investors are taking a breather after last week. one stock that is down ahead of its earnings report tomorrow is apple. it is off about 3% right now. rbc is saying the we dialog semiconductor results in the third order and lackluster fourth-quarter guidance is waiting on apple. directionally negative for apple iphone units in the first and second quarter. interesting is the fact that the analyst is an outperform on shares. a technical analyst at cornerstone says apple is a cell and head of earnings based on a chart pattern and suggests a disappointing quarter tomorrow is likely to be reported. sha

verizon, cablevision and time warner saying they are confident customers are getting what they're promised. stay tuned. >>> the new survey, america's favorite halloween candy, reese's peanut butter cups win the survey, but look at the map. candy corn in texas. nestle crunch in florida. north dakota and new jersey, sour patch kids. >>> when we come back on a monday night, take a look at this image. you might remember it. the best friends there. they were days away from being lost at the shelter. but the after picture that they just sent to us, in a moment. could protect you from diabetes? what if one sit-up could prevent heart disease? one. wishful thinking, right? but there is one step you can take to help prevent another serious disease. pneumococcal pneumonia. if you are 50 or older, one dose of the prevnar 13® vaccine can help protect you from pneumococcal pneumonia, an illness that can cause coughing, chest pain, difficulty breathing, and may even put you in the hospital. even if you have already been vaccinated with another pneumonia vaccine, prevnar 13® may help provide additional

cablevision said that the optimum on line service consistently surpasses advertise broadband speeds and is confident they provide what they promise. verizon was not responding to requests for comment. jennifer: uber trying to -- lawmakers a part of the push offering free rides to college students to party too much. the general manager says college students -- calls on the need for service apps in the city especially after night of drinking. >> we have shown in cities we operate there is a meaningful and statistically decreased and drunk driving. jennifer: uber wants to expand to buffalo syracuse and albany would need state approval to do steve: you never have to walk far to find it decent diner in new york city but now they seem to be vanishing one by one period king wins to find out why. reporter: and we can customers at the market theinert eat 4000 eggs and drink 1200 pots of coffee. >> after 53 years although, it's and al >> after 53 years although, it's and all that joe has failed to say the market theinert. this 24 24-hour spot closes forever on november 1. >> this has been a real

pension plan investment board and private equity firm bc partners has agreed to buy a 30% stake in cablevision along side altice. the acquisition is expected to close in the second half of 2016. >> excellent work. thank you. let's ask patrick and eric how they're playing china as well. you think people are way too excited or exacerbated or concerned about china. >> i thought they were. i think when i was on the show about a month agatha was all the worries of the world. >> absolutely. >> it's a hard landing and if some number versus come out and they put in some monetary stimulus i don't think people are panicking about china. it's slowing. but it isn't the hard landing. >> we're going to wait and see now. waiting for the services sector to improve and as i was just showing there was real issues. that's what really started all of this earnings season. i better ask you what you're doing in terms of companies that have a more china sen trifocus . >> we see growth coming in at the 5 to 6% level. that's probably plenty and we see a shift to the consumer oriented businesses. so this is becoming mor

interesting, still controlled by the dolan family, which, as we know, had made the decision to sell cablevision to altese a couple of weeks back. also interesting is how this split came about. while it is a family-controlled company, msg, it was under pressure from john failer. i think his hedge fund e is wrapping things up with j.a.d. they managed to get a family controlled company that would do something they didn't necessarily want to. agree to split the company and move down the road and investigate it and agree it should be done. we see what has occurred as a result of that. it did start with an activist in a family controlled company, which was not something we often see. >> nice to see the rockets. >> the energy trade is going to be seen all across equities, top gainers, trans ocean, diamond offshore, murphy oil, southwestern, apache, mobile. the top 20 gainers, probably 19 are in the energy space as we see crude oil up almost $2, getting close to 47 here. even after those bearish inventory numbers out earlier in the week. we will get nat gas inventories later on today. it has an effect

but they were an adviser to cablevision most investigationally for example. >> i was going over this terrific dave coate call. you mentioned distress. they do a lot of business in oil and gas. dave is incredibly candid. he brought up the notion a lot of people worried about a recession. and i think about did it stress, about how much debt is out there and it would be a terrible time for recession. just kind of took me breath away because he just put it right out there. doesn't think there will be one. but he was trying to compare 2008, a lot of people bringing up 2008 compared to now. and i think it doesn't hold true. but the fact is that on the conference call it came up. and that is in the parlance. >> psych logically it is important introducing the idea can -- >> with the idea that many executives didn't see the downturn coming at the first half of 2008. >> hard to believe. >> it was just interesting to hear in light of what we thought was a pretty good u.s. economy, that there is chatter that people are concerned. because there has been such a slowdown. particularly in nonresiden

bc partners are buying a 30% stake in cablevision for about $1 billion. this is something that i know you know about, debt. how you finance it. this is a large transaction and when it came out, there was a question about how much they could borrow in the market. how does this strike you? jeffrey: i think the debt markets have expanded dramatically at the amount of capital that is available there for companies at the right level . they did pay a pretty significant price. came on the market, it moved the whole sector of telecom. it widened it dramatically. the timing wasn't great. multiple m&a transactions. but the market does have the ability to fund most things that are fair priced. stephanie: really? it seems like the last few weeks there have been companies that have come to market at 6% have backed up beyond 10%. -- isf them have tried to it really easy to get a deal done today? jeffrey: no, it's not easy but the capital is there. when we were sitting together in -- vegas stephanie: sitting, sitting. jeffrey: we talked about the fact that high-yield ma

what do you think about fios, in particular, looking ahead to what's happening with ka cablevision and that pricing. >> that's an interesting longer term discussion. even on the wire line side there's distortions. in this case, the distortion is verizon's in the middle of the union negotiations, so they are doing -- being somewhat less aggressi aggressive, i think, on f irios than they otherwise would be. they are planning to radically cut costs, that's probably good for them. on the other hand, they are probably going to raise prices that also would be good for verizon, and so if anything the acquisition is probably good news for wire line business. >> okay. leaving it there. we appreciate your per special circumstance minutes after the announcement. thank you. >> caller: thank you. >>> other stories investors are talking about today. united technologies, earning 1.61 a share, 6 cents better than expected. revenue was below forecast, though, due in large part to the strong dollar. the company did reaffirm the full year outlook add $12 billion to the stock buyback program. travelers ea