We have a Supreme Court justice say he didnt want to get any radio cases. This seems very offputting but it turns out that the way we allocate radio spectrum, how we make Resources Available for the Wireless World were in to today is fascinating. And theres a political structure that was crafted in the 1927 radio acted everything is changing to wireless. But we have a lot of problems still with some of the very igid traditional oldfashioned into place in previous generations were trying to break away. Theres been a pattern of liberalization thats been extremely successful but we have a long way to go and so into place in me forth. Previous generations were these radio signals can still travel. Of course they can be used for communications. And radio transmit, radio receive. And we put stuff together all of a sudden youre in the Wireless World that kids grow up with. They think thats just part of society to pull out the phone nd text or snap. The first station in pittsburgh november 2nd
I am will fred frost. And i am sara eisen lets get to the Global Market picture on friday, essentially margts were flat end, dow s p as a whole, down around 1 . The dow was up half percent, s p flat as far as sector performance, tech the worst, down a for the week as a whole on friday itself energy was the sector that outperformed up a percent as all prices rebound toward the back end of the week have a look at what futures are doing, higher by 74 points gains in europe and asia at the moment more on those in a moment. British pound for you this morning holding just above the flat line, up about a quarter percent. 128. 04 brexit negotiations begin to take place also because of a developing story out of london. We will come back to markets in a moment a man drove a van into a crowd near a mosque in london. Reporter good morning. Unfortunately this is an all too familiar sight in central london, fourth attack in the uk in less than four months what we know is shortly after midnight, a ma
Warner and 85 billion deal is more consolidation ahead . Plus, getting that deal approved calls for scrutiny and Consumer Protection already coming from washington. Lets listen to how both ceos are pitching the transaction. And Goldman Sachs lowers outlook for corporate earnings through 2018. Why it sees Profit Growth slowing in the s p. But first up, at ts mega merger with time warner already facing scrutiny from president ial candidates and capitol hill lawmakers. Earlier on squawk at t ceo Randall Stevenson said he believes the deal will pass regulatory muster. This is one where the nature of this deal is unique from anything that weve done before. And that is a vertical integration. Its a big merger, but its a vertical integration. And as you think about the areas that have been really contentious over the last few years in our industry and in jeffs industry, theyve been horizontal mergers where the government was concerned about a competitor being taken out of the marketplace. Thi
In an 86 billion merger. Its one of the biggest of alltime. The deal would put together the nations secondlargest wireless carrier, a corporate descendent of the great ma bell with one of the most prominent Media Companies of them all. Time warner. Which traces its roots literally invented the news magazine and introduced the First Talking picture. We told you friday the deal was close and this weekend it became official. The combination creates a Massive Media and distribution company. The ceos predictably think its the next big thing. An irresistible force, combining content, innovation, speed and mobility. The world of distribution and content is converging, and we need to move fast, and if we want to do something truly unique, begin to cure rate content differently, begin to format content differently for these mobile environments, this is all about mobility. We realize that if we had ourselves together that we could create more innovations for consumers so they could have more cho
In an 86 billion merger. Its one of the biggest of alltime. The deal would put together the nations secondlargest wireless carrier, a corporate descendent of the great ma bell with one of the most prominent Media Companies of them all. Time warner. Which traces its roots literally invented the news magazine and introduced the First Talking picture. We told you friday the deal was close and this weekend it became official. The combination creates a Massive Media and distribution company. The ceos predictably think its the next big thing. An irresistible force, combining content, innovation, speed and mobility. The world of distribution and content is converging, and we need to move fast, and if we want to do something truly unique, begin to cure rate content differently, begin to format content differently for these mobile environments, this is all about mobility. We realize that if we had ourselves together that we could create more innovations for consumers so they could have more cho