See the difference . Germany, france, and the netherlands all beating the forecast. The Italian Government grew the 10th of the percent. Assuming there is still an Italian Government. More on that later. I dont mean to be so cynical. Chinas Consumer Prices, meanwhile, that rose about 2. 5 and Producer Prices fell 1. 6 . 8 30 a. M. In the u. S. , import prices and 915 a. M. , Industrial Production and Capacity Utilization and finally the university of Michigan Consumer confidence. That is actually a big deal. Earnings before the bell. Campbell soup. Mm mm good. Lets get to this quickly. Lots to talk about especially on Time Warner Cable and comcast bid futures are flat. 10 year yield floats above 2. 7. The euro stronger again off of the better gdp data. Out to 1. 38. Range stronger euro. Lets go to foreign exchange. Better thanvix, good . Gold launches over 1300 a share. And, scarlet, chocolates at 10 00 a. M. After bloomberg surveillance. Coco is up today. Are you going to buy scarlet hot cocoa for valentines day . Or the real deal . Stop talking about it. Just do it. See the cynicism . We are on a cynical tear, and must be dealing with ice day in and out. Scarlets husband got her a a zamboni for valentines day. Lets look at the valentines day front pages. Some theories news. The fallout from comcast buying time warner. It goes beyond the traditional antitrust review where regulators look at what it creates too much concentration and a certain market. Instead, the negotiations will likely focus on the effect on internet traffic and how online video is handled. For instance, comcast can put excessive charges on providers like netflix and you wonder how it sets things up for the everchanging tv industry. Here is an interesting side note. It only took six days for the deal to come together. Comcast ceo Brian Roberts was negotiating from sochi. 45 billion deal and it takes six days to come together. That is a man with a vision. Also, i believe the cfo as well, really upset at charter. In the articles that you and i have read, there is real animosity about charter. Specifically, john malone. They wanted him to pay more and he said, well, i am not going to pay a whole lot more and as i understand these articles, it sounds like there was some sort of brouhaha that finally got to the boiling point, they walked out and went to comcast. Pushbackl look at the this morning. Some great guest. Our second frontpage story comes from bloomberg. Com. 401ks may have gotten fatter after the record rally in equities but companies are putting the squeeze on these Employee Retirement accounts. Companies like whole foods, facebook, oracle, jpmorgan, ibm. The way they are doing it is by holding back on the amount of matches and setting lower limit for maximum payments for any given account. Bloomberg analyzed all this data from government filings and this is what we found. This is critical because a difference of Something Like three Percentage Points could eventually mean hundreds of thousands of dollars when you, adam johnson, decide to eventually retire. Dealis is a very big because, as you point out, there is the compounding effect. You cant help but wonder, Companies Pushing back saying, look, weve now got the healthcare issue. We have to spend more money on health care. Either way, a lot of companies are changing the way they do. Looking at ups, no longer Offering Health care for spouses and unemployed, so it is all related. And it is happening incrementally throughout the years. The last frontpage story going back to the weather and hopefully no one has to fly out anywhere right away because airlines are trying to regroup after the most cancellations offense Hurricane Sandy back in 2012. More than 71 hundred flights scrubbed yesterday on top of the 4100 canceled on wednesday. That is equivalent of 80 of partners of the two washington airports and charlas airports. Jetblue in new york has been the most heavily affected, really concentrated in new york and boston. Without question, we are seeing it in the economic data. Fliflow injure burt ckenger will join us about retail. Breaking news, joseph a bank will be buying eddie bauer in cash and shares. It is going to start at 65 a share joseph a bank buying eddie bauer in cash and shares and it will include a termination fee of less than three percent of the equitys value. These are the headlines coming up. They also have some numbers in terms of adjusted eps for 2014, from 3. 20 per share up to 3. 40 per share. The time warner and comcast deal but it is fascinating. Eddie bauer may i editorialize . Adam, help me here, how long . A very long time. I remember when they had to shut down the store on madison avenue because there was not in the business. Who are the guys and make the fluffy ugly boots . S. Ugg you are wearing a pair. Im not wearing uggs. 554 million deal, that is what it works out to. Mens wearhouse to by joseph a bank, no, it is a bank by when mens wearhouse, no, then enough of it, we will go by eddie bauer. Our guest host, Marshall Sonenshine has seen it all. From Time Warner Cable, disney, abc, comcast, the big boys, and maybe we can also get a comment on him as joseph a bank jake takes out eddie bauer. What is the why . Eddie bauerbank at is really hard for me to add to what you said because eddie foul has been long a tarnished brand. Joseph a bank itself is a discount brand with a good ups upscale image. What i do think is interesting about this particular deal. This is small relative to what we are looking out looking at. This is yet another strategic deal. M a isw my schtick strategic and not financial. It is valentines day. We need some math. Lets go to the screen here. I lost it. Oh, my word. There it is. Roberts. Here to brian this is department of justice. Small start up operation in washington. , they haveying an index which is at t and worstles most best nightmare. Constantine, bring on the valentines map for Marshall Sonenshine. This is a big deal. This is something every cfa learns, Marshall Sonenshine teaches it. Robertss worst nightmare. Ruse nailed it in new york magazine. This is more consolidation in at t and tmobile according to him. I am not sure if it is true. With all due respect, i want to take the other side for a moment. First, i want to be clear, you hl at learn about herdfenda brown but you learn about law breyer, judge stephen my professor. It is long been a staple of antitrust analysis and it is in a portal but not the only tool. In this particular situation, comcast has already agreed to divest 3 million getting out in front. Absolutely. Secondly, comcast which has experimented a little bit in some smaller markets with the idea of holding back some services on the speed of transmission which is what Net Neutrality is all about, comcast knows it will cut a deal with the fcc which lost a round in federal court in washington over Net Neutrality. Federal court in washington said we dont need Net Neutrality but, guess what, the fcc i think will cut a deal with comcast saying we will protect this. Roberts, most important employee this morning as melissa the chief lobbyist in washington, they had a Conference Call yesterday. What is their number one task against ed markey, Chuck Schumer and all of the others pushing back against this transaction . Sell the deal by positioning it as not bad but actually good for consumers. Why is it good for consumers . First of all, i dont think her friend all matters that much of the market place like this where Cable Companies do not compete in markets, they have their own monopolies. Got it. They were pretty powerful and they have been close to 30 before. That is not what this is about. This is really about how is content being distributed with reference to not just cable but also satellite and other modes of transmission including, by the way, the web. Fascinating, diverse push back. Would have to get into this a little later on but we do want to bring you headlines and company news. When a Charter Communication left in the dust with the tidy up tie up. And john malone, a mr. Libby global. The Cable Company reported fourthquarter sales below analyst estimates. Sales increased 71 thanks to a string of acquisitions, including a buyout of virgin media. Japanese Internet Retailer rakuten the visual distribution buying an internet messaging service for 900 million. Give the company is Distributional Channel for it digital products. Job cuts at aig, eliminating 1500 jobs, about three percent of the staff. The cuts will come from the propertycasualty unit and will reduce earnings by 255 million before taxes, according to the company. You mentioned chartered we will talk about that and a bit. Goldman sachs, another loser in this transaction. Goldman sachs not one of the advisers. Jpmorgan one of the winners and culdesac stopping to ace Goldman Sachs dropping to 8th. 160 , theber is increase of netflixs share price and the first dared house of cards. How it affects the bottom line, coming up on bloomberg surveillance. Good morning, everyone. Bloomberg surveillance. In on the, chad goodste merger, former ovation tv chief operating officer chad gutstein. This is bloomberg surveillance. Im tom keene. With me, scarlet fu and adam johnson. Spoiler alert. We will stay on the continent seen. I already know what i am doing this weekend. Two and half hours ago, netflix served up season two of house of cards. I am not giving away any spoilers but they also announced a third season to follow. We dont know how many people watch house of cards. They dont say anything about it. Stock price has reacted positively and netflix gained a lot of surprised subscribers because of house of cards. What is interesting is how netflix moves forward with other programs, other original content, because they need to bring down the content costs which is in excess of 7 billion the next couple of years. Kevin spacey is expensive, right . Not agot a back end deal, lot of money up front. William shatner deal 100 million per season one. Ordered it, sight unseen. That was the cost to produce it. They committed to it. They heard about the concept is that we are on board because the big Data Analysis showed them a political thriller involving human species would be a big hit. Surveillance analysis, we have to cut to someone go to someone cut and shouldered chiseled. Phil mattingly. Spoiler alert. Scarlet would not speak to you again if you let it out. Howl house of cardsy is watching tim . They even started petitions on tuesday when he recognized it would be a snow day, to get them to release house of cards a day early. Top washington officials just assume that netflix is going to have to respond to a couple hundred washingtonians who want to watch it early. I kid you not. I have staffers emailing me since 3 00 and 4 00 in the morning, everybody waking up. Government does not open until 10 00 a. M. This morning, meaning everybody getting an x to jump on it, tom. Big deal down here. You talk to a couple of people about what they thought about house of cards. What did they tell you . We took a camera and we wanted to see what lawmakers had to say about house of cards. Take a listen. The only unrealistic thing about the show is a democrat could represent gatsby, south carolina, it will never happen. Unfortunately i think kevin spacey makes it look a lot more exciting than it is an allotment devious, but will be interesting to see what they do with the new season. Hes probably a composite. None of us are quite that interesting. I am one of the few living americans who has not watched it. Guys him and not just the staffers watching up at all the lawmakers as they head out of town this weekend they claim they plan on spending this week and Binge Watching this like anything else. This and you know a lot more about this than i did the morality, or the ethics. The cynicism. How does a fold over to washington . Tell me it aint so. I think it goes a little extreme. I think everybody with a Technology May be a little bit further dan where what it actually is. And not everything is so planned out in d. C. \ they make it seem like that there is a puppetmaster. You really need to watch the House Republican conference to recognize these people do not have everything planned out 5, 6 thats ahead. A lot of times they are making things up as they go. Very entertaining. Also something else. Not just capitol hill pays attention to it of the white house as well. President Barack Obama Ossie official organizing fractions would account weeded out house of cards no spoilers. No spoilers for you and me but i will give you guys one little hint late in the entire season, keep an eye out, my colleague white house cheaper sponsor extraordinaire Julianna Goldman makes an appearance, according to sources familiar with the show. Phil mattingly, thank you so much pretty important Bloomberg Television information. You love it. That content chief guy over at netflix says the show has international appeal. Not just in washington. Greed and corruption, of course, that is a very global theme. You know what it is . These people are just so manipulative, and you see celebrate you celebrate them, right . They do the nastiest up and you love them. And you get they get things done, not like in washington. On the cover of the next Bloomberg Businessweek we talk about the new minimum wage the fight over the new minimum wage. This is bloomberg surveillance on Bloomberg Television, on your tablet, smartphone, and bloomberg. Com. It is lantern festival in asia, the end of the celebrant new year celebration. A live shot out of taipei with the taiwanese president leading the lantern festival. A lot of revenue there. Were not when read in new york and art of the Chinese New Year . The end of the Lunar New Year festival because Lunar New Year began and you go 14 days and many of the lantern festival and everyone moves on with their lives. I make a joke of it, it is the year of the doughnut. What is it officially . Year of the horse. On the horse means exactly what in this context question mark the chinese zodiac. Strong, steady . I am not a horse so i dont keep track of it. The horse is expensive. It will be a debt year. Good morning. A valentines bloomberg surveillance. We have top headlines with your valentine, adam johnson. Europes to business two biggest economies top forecaster to gnp in germany grew zero point four percent in the period and france posted a 0. 3 gain and both have been slightly better the forecasted exports help drive the growth, especially in germany. Frances pickup in domestic consumption boosted that economy. Italy mina meanwhile getting a new government yet again. Prime minister enrico letta is out, giving into pressure from his own party and his resignation is expected to clear the way for his political rival matteo renzi and he will try to form a government. Enrico letta lasted just 10 months as Prime Minister. President obama is offering millions of dollars of aid to california farmers, ranchers, and communities hit by one of the worst droughts in the states history. The drought has forced farmers to leave thousands of acres idle and the state may have to truck in Drinking Water for some communities. A whole new level. I saw a snow chart yesterday that showed the snow destruction and the glacier destruction north of california in the Glacier National park. They finally did get rain and about two feet or 18 or eight feet drop in the top area but not enough to get weight back to where they were. A great morning mustread. Heres adam johnson with the economic outlook. Martin wolf, economist at the here is what he has to say. Interesting lesson for all of us here. An expansion of private borrowing to buy every more expensive houses is sometimes is deemed good but an expansion of, boring, roads or railways is not none of it makes sense. With the flooding in the united kingdom. The tone in the last couple of days is that it is getting worse. Caroline hyde has been floating around in a boat. But no joke. And tremendous damage to all the infrastructure, from railroads to the utilities and erosion on the coastline, a real problem. Busy, busy morning verrilli front and center, scarlet. The pushback there the comcast Time Warner Cable deal. Asap cash is helping that well. We will talk about how cheap cash is fueling m a overall coming up on surveillance with our guest host martin sonnenschein. Off in taiwanoing just outside taipei where they are celebrating the lantern festival that marks the end of the Lunar New Year. Her familys front yard. We do this every year. Off of the terrorist in the penthouse. You can have to see the view from the other side. Is a correctness of the only landlocked county and city in taiwan, where the water is a distance away is that correct . It looks like it. It does not matter either way, i want is in a bowl format. Scarlet fu on taiwan. My parents are celebrating. Wonderful. Good morning. Bloomberg surveillance. It is valentines day. Im a little confused. I am buying chocolate at 10 00 a. M. Stocks, bonds, currencies, commodities. Futures flat. Dollar, 1. 37. We will talk to