[ male announcer ] time and sales data. Splitsecond stats. [ indistinct suting ] its so close to the options floor. [ indistinct shouting, bell dinging ]. Youll bust your brain box. All onhinkorswim from td ameritrade. If you can make it makes endo and an interest. Moneymaking ideas for the winter. A Hedge Fund Manager putting internet highfliers on ice and warming of the things people need every day. That is all straight ahead. Im liz claman. Countdown to the closing bell starts right now. Liz stocks are in the red, but still pretty much hovering around their best levels since october of 2007. The dow off of earlier lows. Down more than 30 points, no doubt about 12, and the nasdaq down 12 and and a half points. Nine points above the 1500 level. Media giant time warner hitting a 5year high. The parent of cnn and Warner Brothers delivering better than expected earnings. Profits up 51 adding 2 million hbo subscribers during the quarter. Maybe that is the enthusiasm behind netflix because shares are up another five, nearly 6 . What a momentum play. The stock has practically doubled this year. Granted, it is well off supplies for the past couple of years, but investors buy into the turnaround story of netflix. The pickup and streaming, content deals, missteps of about a year ago are in the rearview mirror. Lets take a quick check of what is not working. Falling about six and a half , game stop, on word that microsoft will require an internet connection. That takes away the need for used games. Of course, game stop is a biggie in second and video games. When resorts falling just one and onethird reset to 5 . Indicating that the Chinese Government will crack down on votes to bring high rollers and from the mainland to macau which up until now has been super hot. We get the specs mixed bag, individual stocks being driven by earnings, both good and bad, bus plus the broader market, 100 points up at 100 points down. Did write to our traders on the floor show. Nyselisted cme, and the nymex. In the bigger picture, we are at fiveyear highs. Blogger picture seems to be a bit of a dry rate. What you buying a this point . It is really up posit this point right now. Monday we were down 120. Tuesday up 120. Today was a perfect opportunity that if investors were cautious to take those profits of the table that they were lucky to get back yesterday, so it is good to see as our market is holding on. Not a lot of Economic Data moving the market this week and next week, so two things are moving it, earnings and headlines. Headlines. Repurchase. Those are positive headlines that will feed this market. European headline still floating around. Middle east, but it seems right now that anything we think would put pressure on our markets is really not pushing as hard as we thought it would, and everything seems to be holding a but this point. Liz we have to believe that you have liberty global, you have that opportunity with some funding, stronger stock prices. So all of that looks good, yet we do have some spasms in the market on a daytoday basis which tends not to be healthy for the entire picture which is something to worry about . There is really one thing over riding. The whole theme, the old theme, especially down here on the Trading Floor is every little selloff retail guy is just pop right back in. The one thing to possibly concern everyone is europe. Nine months ago, last summer, europe was really the story of the day. Every day theres Something Else coming of of europe, and we tended to follow the european markets. We have not seen that in the last two to three months, but now almost on a daily basis we are seeing new concerns come out whether it is pain, whether it is liz jump to it. In the very short run, the short run me over the next 68 weeks we are in the drivers seat because there is still so much cash on the sideline flooding into the market on every level selloff. You have to be careful. It has the potential somewhere down the road midsummer for europe to employ again. Liz does look at what is happening in the Energy Markets because i see both. When it comes to this number it is not a huge number even though we get inventory at today. Right now what i see is we are range bound. Whenever the longer we stay the more likely the breakup will be greater and bigger. I tried to tell myself every day, make that break out. We are going on a big move up. Liz that is what i keep hearing if we break that level we see one a 21 of three, and on the downside if we break 94i think we see 9086. Liz we will see. He gives me both sides. That is the market. Thank you, as a woman. Great to see you. We appreciate it. Closing bell ringing in 55 minutes. It is the biggest paytv deals since 2007 creating the biggest paytv company ever. Liberty global snapping up virgin media in the u. K. For 16 billion. Liberty global chairman gets most of the credit, but now you get to hear from the guy on the right, the unsung hero, chief executive and president. He has a lot of interesting things to say about the competition of the deal, regulation, the balance sheets, potential synergies all coming up next. When you see a deal like this markets are looking stronger. Make sure you stick around. Im a conservative investor. But that doesnt mean i dont want to make money. I love making money. I try to be smart with my investments. I also try to keep my costs down. Whats your plan . Ishares. Low cost and tax efficient. Find out why nine out of ten large professional investors choose ishares for their etfs. Ishares by blackrock. Call 1800ishares for a prospectus which includes investment objectives, risks, charges and expenses. 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Liz the power mover of the hour is tanking nearly 10 percent and it happens to be the worst performer on the s p 500. Shares of see h. Robertson worldwide down 6. 70, taking Quick Deployment in europe after bank of america slats slashed its rating to underperform, buy and lowered its price target to 60 from 74. No indication that this sentiment would be there yesterday. That me show you the prior day. A pretty good picture, but then you see in the aftermarket the ball began, the bank of america downgrade came after the transportation divider said that after a weak start to the year it may not achieve longterm growth targets of 15 increase in earnings and profit margins. Here is a oneyear picture, kind of a shame because the stock at really denies climb up, but you can see the fall right now. A quick check of what we want to really show which is the dow 30. You can see, split pretty much have and have, but stocks taking off. Lets take it to Nicole Petallides on the floor of the New York Stock Exchange with some of the winners. This has to do it may be an opportunity to hedge. Reporter all of these things are directly correlated, and we take a look at how worrell is fairing verses airlines, so a look at some of the airlines. Delta up over 3 . United continental up a whopping 4 . These are some really big moves for the airlines on a day when the transportation index is lower, but the airlines a doing well with oil prices that have been cooling off on some supplysiders, so overall we did see prices on the rise for the month of january, taken a little bit of a breather. That could go well freddies Airline Companies which pay so much in jet fuel. That coupled with an economy that is improving and more people taking trips and business trips and the like, all kinds of things that could happen with these airlines. Of course a very volatile group. Liz thank you. The Worlds LargestCable Company has just been born and it involves the virgin. The u. S. Cable giant with Many Properties in europe. Up until now nothing in the uk. Rich media stock jumped in the past few days. Down a bit today. Speculation of the 16000000000stock deal. This deal still faces Regulatory Approval, potential counterbids, and questions of competition. Mike freeze spoke with me about the landmark acquisition and why he feels is so exciting. Number one, we are creating the Largest Cable Company in the world 25 million customers commander business thrives on a scale always has and will. Morse code gives us the opportunity we need to it drive efficiencies and margaret margins. Secondly, complementary to our own Growth Profile and enhances Free Cash Flow for our business which gives us the opportunity to continue buying back stock. 9 billion of the shares since it started and just announce another three and a half billion dollar buyback. So it meets all of the main criteria that we have, growth, scale, and Free Cash Flow and allows us to keep capital structure levered and is a perfect fit to national. Liz on your side is, but we have seen this happen before, they anticipate any problems with Regulatory Approval . Not because of u. S. Regulators, but european regulators sent to be a squirrelly bonds. The eu, we are very tight with regulators in the eu and will be very supportive of this transaction. All about building europe wide scale paneuropean scale like that strategy. And we dont operate in the uk today, so there is no overlap or relax our diminishing of competition, just an extension of business into a new market. Our opinion that there will be very supportive, a quick review, no regulatory hurdles. Liz hitting a lot of attention, but are you prepared for a counterbid from another company . And not saying that that can happen, but are you ready . I am assuming you anticipate that all the time. We never say never, but we do not think their is a high likelihood. I would be surprised if that happened but you never know. Liz i get that now is a better time than before. People can question that all they want, but you have to do what is right for your company. Looking to the reality of the deal, where specifically do you anticipate finding savings . Well, first of all, with respect to the timing, you know, we dont get to predict that all the time. Our stock is up as well that last or threeyear time, the Financial Markets are strong command that think the stars aligned to make this happen. Terms of synergies with estimated 100 million of annual synergies at the upper and expense line. I think those are conservative and will come from things like centralized functions around itn procurement. Traditional areas where to people come together and can do things more cheaper and efficiently and that is conservative. Liz some analysts worry about the leverage, level of debt being taken on. I am assuming your in your chairman are not. Why not . This is actually a the leveraging transaction which brings us leverage down inside closer into our range of four to five times leverage. Virgin media will be four times covered in our ranks as capital structure when the financing is completed on friday with the ability to deliver over time, so we actually feel very comfortable with our lovers structure, think we will be made for is very shortly, and our business has always been able to sustain good leverage because we have strong, predictable cash flows. Liz and you have to be comfortable with virgin media. It is actually on a really good roll, take a few years, but customers into absolutely love and offers, including everything from ice be brought back into the Digital Service experience. Will you, ready global, continue to embrace our virgin media has been running its business . The answer to that is yes. In the broad band business, our new connected to the platforms, mobile, they have a strong competitive advantage in that market, and we dont plan on this something that attending the course materially. We will add value where we can, but more importantly were keeping the engine moving. Liz does that include the fact that virgin media broke up their numbers, credited tebow with and they have a partnership for added subscribers. Outstanding, belief, at 35 of its entire customer base. Do you continue to embrace that version of advanced television seems to very popular . Several that arise in into markets. Horizon is a virgin version. Verizon and tebow are two variations of the very same theme which is giving customers a much better User Experience and we have learned something from netflix and their actually doing extend well. Liz you will keep that as well . The brand and strategy remain the same. Vegetable we will continue investing a bit more in the broadband networks. Consumption is going nowhere but up convergent is in a superior position to take advantage of that. Liz speaking of competition, virgin media, news corporation, the parent of fox business has a stake in. And the two chairman, will we see a vicious competition or is there room for both of these companies . Obviously. I would describe it more as a and rivalry. A big and emmitt media market. Plenty of room for Companies Like ours and sky to succeed. The relationship between sky and virginal last several years has been strong, relaxed him and not dramatic, and we dont intend to change that. We are not trying to pursue content rights and competition. It is a strong partnership, just like we have in germany, so i see a healthy relationship Going Forward with those two companies. Liz and so we have two companies today moving slightly lower. What happens in the end . The largest Pay Tv Company in the world in 14 different countries. Its a big deal here today. Closing bell ringing in 42 minutes. A big shot at a major private equity firm is angling for a job in the obama administration. Actually jumping for one. One of the monster banks in europe is affecting about a breakup . Charlie gasparino has been working the phones, but which one is this . Is racing down to the studio breathless with the latest developments. Dont move. I want to know what it is. All stations come over to mission a for a final go. This is for real this time. Step seven point two one two. Rify and lock. Command is locked. Five seconds. Three, two, one. Standing by for capture. The most Innovative Software on the planet. Dragon is captured. Is connecting todays leading companies to places beyond it. Siemens. Answers. Its delicious. So now weve turned her toffee into a business. My goal was to take an idea and make it happen. Im janet long and i formed my Toffee Company through legalzoom. Never really thought i would make money doing what i love. [ robert ] we created legalzoom to help people start their business and launch their dreams. Go to legalzoom. Com today and make your business dream a reality. At legalzoom. Com we put the law on your side. Your Financial Advisor should focus on your longterm goals, not their shortterm agenda. [ woman ] if you have the nerve to believe that cookie cutters should be for cookies, not your investment strategy. If you believe in the sheer brilliance of a simple explanation. [ male announcer ] join the nearly 7 million investors who think like you do face time and think time make a difference. Join us. [ male announcer ] at edward jones, its how we make sense of investing. Reporter im adam shapiro with your fox business earnings preview. Shares of fox business Parent Corporation news corps are slightly lower end of the Second Quarter earnings report. Over the past years shares of the company had moved up more than 45 and expecting earnings of 0. 43 per share on revenue of just over nine 1 4 million. Investors should be watching the table the unit as it is estimated inch abusively 5 of the overall operating profit. News corps which includes the 20 20thcentury thought city is expected to increase 4 despite a slight drop in revenue. Investors should watch for any details about the company as it prepares to spin off the publishing division. For all coverage on all major reports after todays closing, include news corporation, visa temperature, and Green Mountain coffee. Genentech after the bell at 4 00 p. M. Eastern right here. Now we continue our countdown to the closing bell with liz claman. Liz thank you. Talking a list of potential banks that might be broken up in the coming years. The bank one of the top is not a dumb one of the biggest brands. First i would like to ask you. Looking for a job and the obama administration. Reporter privately when you talk to people that dont want to comment. Another one answer the question directly. Here is so we know. I spoke with people in an attorney james and spoke with him. He has said that he wants liz hamilton tony james interested in the job in the people he spoke with. I cant tell unifil was a strong breeze, but he clearly reach out when he was interested. Something in treasury, something of congress. Jack klum. His name has not gotten out there that. Clearly we are getting that this by both sides. Now from the white house. I heard he reached out. And the chances are that he will get the commerce secretarys job. Of all the good a job and the administration . Someone highprofile which is what he wants. Private equity. Considered, a back room Company Giving mitt romney and the taxi did, used to run bain capital this is coming from the white house. You also have to ask