Kayla is out today put with us is john fort and sarah on post 9. The markets arent moving a whole lot. An interesting skirmish in the telecon wars. A new unlimited data plan as well as the on going rivalry with sprint. Take a listen. 75 of my customer adds focus on those two and just copy paste everything i do and it will be fine. The sprint ceo joins us on the phone to respond. Its great to have you back. Good morning. Good morning, how are you. And they came out with their plan and have ledger on. Are you in fact trying to ride johns coat tails. No, never. What happened is something pretty simple. We started a week ago. We were going to start tomorrow. So what john did is basically copied our rate plans and called for an Emergency Press release. Were launching tomorrow and he is launching tomorrow at all of our stores so we would be ready for this for awhile. So obviously somebody that says hes not ready to launch the september is lying. We have the capacity to offer unlimited 4glte for everything. We will never compromise our quality. The quality is identical when streaming music. So you can do this when you have a lot of spectrum. We build our network to be a High Capacity Network and well be waiting for this moment to move all of our customers. Sounds good when you hear the word unlimited. Why would a customer go to a regular 1g plan starting at 50 a month. Is this an increase for the consumer . I mean and you have a couple and you never have to worry about data over rajs. You know that the bill will be 60. It makes it the most attractive unlimited data plan in the plan planet. You have to have this back and forth with your competitors. All of this moves the sub needle. You must have done some projections on that. Should look at the difference we had. We were dead last if you follow the industry we surpass the at t and the last two quarters meaning were already second in the number that our customers are coming to our network and now the difference with tmobile is 1. 7 million new customers several years ago and now its less than 300,000 so were catching up and in less than a year were going to catch up to tmobile and thats the part that matters in the business. He said in his words isnt it sad, some of the stuff that you were saying fwichb your Parent Company according to reports woke up yesterday according to john thinking about tmobile and wants to do this deal waiting for regulatory environment. Could you ever see a future where tmobile and sprint are under the same umbrella and the same company. Its something very public. We had a deal before and the government didnt give us Regulatory Approval and thats something always in our mind. That done mean that we have any conversations. We have always been clear that we believe the conversation of two smaller carriers will make a formidable carrier. Nothing has changed. It might be sad for him because if that were to happen hell probably get put out. John ledger has turned himself into an interesting marketing vehicle. Hes very active on social media. Gets a lot of attention for that. Meanwhile at t and verizon have money for marketing which we see these commercials out now with jamie foxx countering some of your marketing where you took verizon and had him coming out for sprint. What is your strategic advantage in marketing . Beyond price, thats going to get you the attention you need in order to grow the Subscriber Base and actually monetize this network. I mean, its quite simple. Lets start with our main product which is our network. You can see if you look at every Single Network publication, the u. S. Story is back, our network is better than tmobile. They basically Measure Network performance and the difference between verizon and us is now less than 1 according to the worlds leading analytic firm so the difference is today we had a very Competitive Network and we are going after verizon. We have the best unlimited data plan on the planet so this is why, you know, like i said on my last Earnings Call including this month we are positive against the three carriers. What does that mean we have more customers coming from verizon, at t and tmobile coming to sprint than customers leaving. When i took this job we were negative 3. For every customer we got we had three customers leaving. That has completely changed and were catching up day by day. Were growing profitable. We had the first two quarters in many years. Sprint with operating income profitable. And were catching up to tmobile. Were going to overtake him in the number one position. We had a lot of customers at the absolute lowest in sprints 20 year history and what that tells you is customers coming in theyre loving the product and theyre staying. Its the most important service. Im sorry to go back to the social media thing. Were hitting this pretty hard but about an hour ago ledger accused sprint of taking five minutes to copy paste as he said, you responded and im quoting you truly are a con artist no doubt. Good luck. Do you mean that . And is softbank, have they given you free reign to say whatever you want about your competition. To me thats a con artist. Its okay. Its okay for sprint to launch first and if we were copying his idea how in the world could we be ready to launch this tomorrow when he cannot launch it until september 6th . You call an Emergency Press conference and now just to get his systems ready and everything ready. Were launching this tomorrowful were ready to launch. Were ready to go. Somebody that does that to me and who basically has the audacity to say were copying and pasting is a conartist. I think the relationship is an open one. Hes the king of insulting everybody. He done like when somebody plays his own game. I wonder whether or not you think ledger who nurtured that image for a long time if he has any idea who he is messing with and you . Its the philosophy when you are fighting somebody like legere you need to go down to his level and fight at the same level. Thats the only way he will understand. Let me say one more thing. This is not about ledger. This is about us having the best competitive rate in the industry. This is offering unlimiting to the American Consumers. This is something neither at t or verizon can get to it. And 73 of customers on the other two networks. The beautiful thing is now were catching customers from all three networks. Yeah. Thats what i keep wondering. What are you guys fighting for . Does feel like this is not that much of a Growth Market anymore. In terms of saturation everybody has smartphones. Its about taking share from at t and verizon, correct . Absolutely and leveraging sprints main differentiation which is over 200 a spectrum which is do we have capacity to be able to offer unlimited . And that is sprints main differ she yea to. While most of the networks are getting choked. Thats why they have to go through. 200 speck trul you have capacity and speed. Thats what the American Consumer is starting to realize. Certainly it is net benefit for consumers. Theres no doubt about that. And probably for us as we watch you two go at it. Thank you very much. Thank you and have a wonderful day. Bye bye. You too. With all of that, Business Insider is here. You just dont see this often in american or local business, right . It is very entertaining, selling a product that a lot of people view as a commodity. Sometimes it helps to bring marketing chops and aggressiveness. Its very entertaining in this little world to consumers. It is irrelevant. The very positive thing here is we are another step close tore what everybody wants and where we are headed. Its going to take awhile to get there but its good for consumers so we can celebrate that. I know we were talking about that and you feel like 480 is pretty good resolution. Especially people trying to cut the cord at home. Who are trying to save money on exactly how theyre getting data here and there. Forget about doing that. And these companies arent exactly the best. Were not there yet but it is a good step. Anything that can save consumers to hassle you as the head of the house told this child do they have the right plan, oh they went over by a gig. Mine are too young now. Its a huge waste of time. Youre traveling internationally. Oh i have to sit there for a half an hour and figure out the right plan when the big wireless providers should know what i want is the cheapest plan. Just make it happen and everybody hated it but it was very profitable and they made the decision. Were going to go unlimited. And it was a watershed decision and then aol became the new power house for awhile. Thats what has to happen. One of these guys they went through an unlimited phase and switched off of it and now back. When news provierds had open season. We are getting to the maximum utility. Where you need hd is on the 50 inch screen. You dont need it. And on average one of the plans is going to be working with mobile. Its one decision you never have to make again. Thats a nice way to have a commodity service. Do you have a guess as to who is the first mover in this episode . Or does it matter . Does it not matter . Are they dragging each other into this they can invest more in the networks. And at some point thats what we all want. Will it be impossible for sprint to have this ready today if they thought of it last night . It would be impossible. Sprint has been working on this. I dont dispute that at all. When you have legere on our air and then the release comes out. They were rushed. I dont know. I dont know who did the rushing but sprint had been working on it long enough to have it ready today that deal talk is back on. Its going to be amazing after this. You interview politicians and they go after it. Yeah. Dont go anywhere. When we come back were going to talk about walmart seeing a strong gain after earnings top estimates and the Company Raises the full year guidance. More on the jet. Com deal as well. Tow up 9. Were back in a minute. Moving higher after earnings and revenue topped estimate. Raising its guidance. This is talking about the jet. Com deal. Operating walmart. Com and jet. Com will allow us to reach more customers and drive a higher level of growth more quickly. One of the things we liked is it rewards customers in real time with savings on a basket of goods and puts them in charge of the price they pay this is true to walmart. Now people are wondering, already, getting traction just as youre buying this outside firm, isnt the timing on that curious . Confusing . A few things going on here. You have to credit walmart for resetting expectations a year ago and then making the bold and very important step to voluntarily give its employees a raise that. Is what is starting to happen across the economy. Its what we need to get the economy growing again. Its getting money in the hand of the consumers that then turn around in this case and spend it in walmart. Its working. Took a shortterm hit to do it. Its the right thing to do. The more we see other companies do it the better. This is a smart play. Its a big bet obviously on jet. Com but ecommerce is different. Jet knows how to do it. And if they can con bien it with what jet offers thats a good offering. Is this about getting the leadership and changing the culture more than its about jet being big enough frankly to have an impact on walmart and isnt that the sort of thing we saw apple try with beats. Ecommerce is different and just as what walmart does is different. And in terms of organizing the whole company and now they have that expertise. Jet has been competing directly with amazon. They know how to do it and they have good technology. Theyre very small. My guess is it becomes walmart very quickly but then they go forward from that. Weve seen progress but not nearly as big obviously. And merge its huge stores with its ecommerce business. Have they communicated that. Its so easy and they should know because it is a completely new approach. Its a tiny margin business. You have to drive cost down. You have to have a Great Technology offering. It is different. They will not solve their problem with this but its a good step. This is what you have to do if youre walmart. You have the cash. You have to invest in the future. They invested a huge amount. 7 of the work force. What our responsibility is and we believe it should drive our growth in the future. I think that for the reports to get out ahead of our announcement frankly i think are a little irresponsible. Were talking about peoples lives here and i think there was even an insen you wags that we may have leaked that that was insulting frankly. We will never do that before we have the opportunity to speak to our own employees. We communicated with them and we will take care of them and do the right thing for them and we have to invest for the future. Meanwhile, they continue to talk about a tepid demand environment, emerging markets, u. S. , for a variety of reasons. This is the technology shift we have been seeing over a decade. Its the move from the old hardware model to software to the cloud and all of the big enterprise players. There are x numbers of big enterprise players. No way the market has all of us and there has to be consolidation. What is happening in Service Provider is what i want to know. Thats the line thats not going for cisco. They mention it again and again on the call last night as being weak. We were just talking about tmobile, at t verizon sprint those are Service Providers. Theyre dealing we nor mouse loads on their network. They are not buying it in the way they used to. How that piece plays out over the next year or so is going to be real interesting. Thats where a lot of the Software Side and next generation of hardware when you can sell something a tenth of the cost of the prior system even if you had Competitive Technology its hard to compete. This transition or goals with microsoft and then we saw hp go a completely different route and split the business. Microsoft had the advantage of being primarily software and they have gone through their own tough transition but at least theyre not converting from hardware to software and changing the whole revenue model as a result of that. We should have asked ledger about demand. Always good to see you. Thank you so much. Up next, another strange turn in that ryan lochte robbery story. Well take you live to rio for an update when we come right back. More news coming out of the rio olympics. Andrew ross sorkin is there live with the latest. Good morning. The story about ryan lochte changing as we speak. He and some of his teammates made sworn testimony and said they had been robbed at gun point, pulled over in a taxi cab. That story now coming under a lot of pressure. Sources close to the police here in brazil telling nbc news that the story is very different. Swimmers actually that evening stopped at a gas station to use the bathroom. They got into an altercation there. They damaged the bathroom, possibly breaking a door. Security called police and tried to detain the swimmers. The altercation continued. One of the security guards pulled a gun. They were allowed to leave after police failed to respond and they paid for the damage guys. So this is a very different story than what had been told before. We also have a statement now from the ioc defending these guys but also to some degree throwing them under the bus. Trying to have fun and represent their country to the rest of their abilities. And sometimes you take actions that you later regret and made a mistake and life goes on. Its unclear whether life would go on at least with these guys. And later today about 3 00 p. M. Local time. Some of lochtes teammates were pulled off of an airplane last evening. Lochte is back in the United States and relative to the Great Stories taking place. Its about whether or not you can call a 32yearold 12 time medallist a kid for making a mistake that involves saying you had a gun held to your head on national television. You also had a chance to talk to the athletes about what shows they binge, a hot topic around here. Lets take a listen. Or not. Probably law and order suv. Its my go to and its always playing on usa. I really watch too much tv. Im outdoors most of the time. I like series like supernatural, once upon a time. Of course game of thrones. I love that series. I just started watching game of thrones im on the first season so im binge watch that. Game of thrones and daredevil. Game of thrones, lost some years ago and black mirror. I havent been watching tv much lately. Im trying to keep my mind focused. Right now gilmore girls. I used to watch two and a half men before but not anymore of course and big bang theory. I love love and hip hot. The real housewives of atlanta. Yeah. Carl, trying to just were talking about binging athletes in the athletic village in part to bring it back to the security story for ryan lotche some changing what they are doing. And furious about the situation. Clearly i did as far as that piece of tape goes andrew, i love the reminder that binge is not an american phenomenon only and some of the shows were used to watching on television some people are just catching up on. Real housewives of atlanta can be binged in nigeria. But its a lot of u. S. Created shows being binged elsewhere. Were still exporting a lot of u. S. Culture for better and not worse. Andrew, we cant wait for tomorrow. Andrew ross sorkin in rio thanks. Lets get to seema. European stock markets snapping a four session losing streak as they react to the u. S. Fed Meeting Minutes. A bright spot as you look at the base medals. Traders also reacting to the Meeting Minutes from the European Central bank where investors found there was no clear indication as to whether the ecb will in fact after september Jp Morgan Says delay until october or december is actually increasingly possible however its important to note mario draghi, central bankers assessing the impact of the brexit. As we switch over to the pound, so interesting moves in the currency there jumping today after retail sales in the u. K. Posted a larger than expected increase in july as recent weakness in the pound attracted tourists to london. The upbeat retail number suggests that the shorter term impact of the brexit may have been milder than expected. The pound slightly stronger against the u. S. Dollar i