included my sources tell me t-mobile. in fact, would have involved a deal in which t-mobile and sprint got together, something that has been discussed many times in the past. and then softbank came in with a very large equity check buying down significantly what was deutsche telecom s stake in the overall and perhaps buying even more from the sprint shoulder. that deal didn t happen. as we all know, in fact t-mobile has moved on, has a deal to acquire pcs. by the way, while there s been a great deal of speculation that sprint might try an jump that deal, i think we can put that aside for the moment because that s not likely to happen. pcs shares are down. there had been other reports in the japanese media that the overall value of the deal is $12.8 billion. i can t confirm that s the case. what i can confirm is softbank s main focus is on spectrum, becoming even more robust in terms of the spectrum position through sprint, for sprint. in order to do that, would actually also
the finish will be played out in seven battleground states where the spread is in the margin of error territory. also this evening, another worrisome sign for the economy, consumer credit shrank by more than $3 billion in july, americans are spending less, markets are basically sideways today and thousands of teachers strike in chicago putting hundreds of thousands of kids on the street. these teacher s salary, health care and retirement plans are vastly greater than any chicago family and still they want more. we will take you to the front lines. first up this evening, to capitol hill, where it s quiet not because it s late but because nothing seems to be getting done. cnbc s own ayman javers joins us now with the details. good evening. good evening, larry. blink and you will miss it but congress is coming back to washington. they re in today for the first time since the iii. obviously, it s a campaign year. members of congress prefer to spend time back in their states a
john edwards is humiliated, he is discredited. he is appropriately out of american politics. but i don t see any reason why this case should go forward. jurors deliberated the case for nine days. outside the courthouse, edwards was happy, but contrite. while i do not believe i did anything illegal or ever thought i was doing anything illegal, i did an awful, awful lot. that was wrong. and there is no one else responsible for my sins. cnn s joe johns has been covering the trial. and he is live in greensboro, north carolina. i ve got to tell you, i was watching you yesterday as you re running in and out of the courthouse bringing in all of those little nuggets of details that we re sprinkling through. now what happens? a lot of people say there will not be a retrial. that s for sure. and it s anybody s guess, you know. the government didn t really hint at what they plan to do. it is their right to bring the case if they want to. just wanted to show you the greensboro, n
seriously. the national spelling bee champ wins with the word most of us have likely never used, maybe not even ever heard of. the answer to that is probably no, right? these kids are really bright nowadays. nothing surprises me anymore. every year they get smarter and smarter. good morning, everybody, welcome to early start. we re really happy to have you here this morning. we are bringing you the news from a to z 5:00 a.m. here in the east. let s get started. up first, john edwards likely off the legal hook for good after a jury acquitted him of one count of campaign finance fraud and was hopelessly deadlocked on five other counts. the judge declaring a mistrial on those charges. and many legal experts don t expect prosecutors to retry the former presidential candidate who was accused of misusing campaign contributions to hide an extramarital affair during the 2008 election. here is our jeffrey toobin. i don t see any rationale for going forward with this case. jo
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