Unemployment insurance extension. The house not in session today. Members return tomorrow at noon eastern for legislative business. Among the bills being considered under suspension of the rules, one that authorizes 150 million in aid for ukraine and expands sanctions imposed this month by the Obama Administration against certain russian and ukrainian officials. This bill passed the Senate Last Week by a voice vote. Votes tomorrow are post poped until 6 30 p. M. Eastern time. You can watch live gavel to gavel coverage of the house on cspan and the senate here on cspan2. Cspan, created by americas Cable Companies 35 years ago and brought to you today as a Public Service by your television provider. Host david cohen is the executive Vice President of the comcast corporation, and hes our guest this week on the communicators. Be mr. Cohen, when it comes to the comcast Time Warner Cable proposed merger, whats the biggest hurdle that you see facing comcast . Guest so what a surprise we shoul
Matters. Yeah. Value of all things, its playing a role. I mean a longterm value. And its springing up everywhere, unlike the real spring which is nowhere to be found. Thats why the dow climbed 91 points. And the nasdaq, which last i looked doesnt add a lot of value. Therefore, advanced only. 19 . Look, i know it sounds like im being facetious here. Doesnt the stock market always care about value . Honest, simple answer is no. Plenty of times the predominant investors, the ones that matter because they move stocks only care about Growth Stocks. At those moments, value gets ignored because value doesnt move unless management does something drastic like a breakup, spinoff. Growth rolls higher as the managers keep reaching and reaching, paying ever higher prices. Thats the kind of market weve had for a very long time. But over the last week, theres been a remarkable transformation. The aggressive buyers are now the ones seeking value if the economy gets better, right . And theyre taking no
Matters. Yeah. Value of all things, its playing a role. I mean a longterm value. And its springing up everywhere, unlike the real spring which is nowhere to be found. Thats why the dow climbed 91 points. And the nasdaq, which last i looked doesnt add a lot of value. Therefore, advanced only. 19 . Look, i know it sounds like im being facetious here. Doesnt the stock market always care about value . Honest, simple answer is no. Plenty of times the predominant investors, the ones that matter because they move stocks only care about Growth Stocks. At those moments, value gets ignored because value doesnt move unless management does something drastic like a breakup, spinoff. Growth rolls higher as the managers keep reaching and reaching, paying ever higher prices. Thats the kind of market weve had for a very long time. But over the last week, theres been a remarkable transformation. The aggressive buyers are now the ones seeking value if the economy gets better, right . And theyre taking no
A lot less complicated than some people would like to make it. So when you think about it in the video space, it is not a horizontal deal. We do not compete with Time Warner Cable anywhere. There is not a consumer in america who has a choice between buying comcast products or Time Warner Cable products. At the end of the day, were are going to have under 30 of the market. So not scary. There is one thing that is appropriate to think about and discuss. It is the implications on the broadband side. I think there is a very good story there as well. Lots of competitive impacts and proconsumer impacts from the transaction as a result of the increased investment. Again, not a very scary story when you look at market share. Something less than 40 of the wire line broadband share. But if you factor in wireless, and it is indisputable that wireless is beginning to be an effective competitor and substitute for at least many uses of broadband, market share is as low as 20 . Again, National Share
President warned congress that he wont negotiate on the debt limit. The one thing that i think hopefully in the new year we can focus on, is putting a package like this together with a little bit less drama, a little less, and not scare the heck out of folks quite as much. Reporter but, with the sequester and other big spending issues like medicare on the table, striking a deal this year wont be easy. This is the best opportunity that were going to have to save our nation and do those things that we have to put in play. Reporter but theres not much hope for a sweeping deal this year. My suspicion is that we will you know, kick the can down the road on whatever we do in february or march, and it may be for a year, it may be for two years, but well be coming back to deal with issues like this in the nearterm. Reporter the investment market isnt putting much pressure on lawmakers to forge a longterm solution for the nations fiscal troubles, and some fear that could mean a real fix is stil