with vodafone or not? >> it's been called a few times before, but i would probably say the full year fy 13-14 would probably end up being the low point, whether it's the last corporate. but the outlook for fy-14-15 will be better. >> i mean, the shares have rallied certainly since august and, clearly, when they did the deal over verizon, that was a big lump of cash for shareholders. >> it was a great deal, great valuation, great deal. since then, expectations have been that perhaps at&t have been more interested in european telcos and vodafone is one potential play for them if they want to expand into europe and it's big in cash again igenerat. >> there is a question mark, what happens first? does vodafone buy someone or do they get bought? do we have any clarity on that? >> you think if you weave through their network on the next two years, they're signaling for the large cap m&a. they're going to invest in their networks, in their major core market, build on their portfolios. there might be the odd asset

close to my cheeks and vodafone fiji v eighteen. and for on time this movie industry and perspective from hollywood. a skinny probe is talking to the er with universal pictures president tomorrow saturday and ten at ten thirty am baking time for a two thirty gmt. knowing that i reckon that this edition is a shaky on cctv with the backing nine pm taking time with more. this means i have not seen that the us. how how. the inhale

but telcos, vodafone, only 1% early on and 0.5% in the overall telco basket. >>> the ftse, let's take a look at the early picture. we've got a slight increase, a modest 21 points. i want to show you rbs in particular. we've been talking about this company all morning. the bank has opened weaker this morning. it's announced plans to sell off riskier assets into an internal bank. this is the cats cry. on the earnings front, it posed a profit of 438 million pounds over the third rt quarter. but it's now warned of a substantial full year loss because of impairments in the fourth quarter. the overall reaction has been negative. 2.8% lower is how the stock is trading, steve. >> thanks very much, karen. right. we have even more people around the deck. fixed income fund manager rafa julia medal and christopher pinka. are you chris or christopher? >> chris is fine. >> all right. we're talking about banks. obviously you covered the fixed income spaes. how do you see the banks and where are the opportunities? >> yeah. there's still quite a few opportunities in the banks. spreads have been histor

vodafone at some point down the road. i guess they moved up that container store pricing again. wow. >> i'm listening. >> all right, good. it hasn't opened yet. you know, in terms of that, frankly, interesting that it moved up as much as it did because many people who are shareholders of vodafone already given the comments that have come out of at&t over some time and things that anybody in telecom has been picking up of late would not be terribly surprised were at&t to try and mount an effort to buy vodafone, once and only when its deal with verizon closes. ta this is in europe, an ft-sponsored speech he gave. i think the motivations, he goes on to say, for the european union itself are too dramatic. i look at this and i see a lot of up side and potential for europe. it is interesting to note of course europe itself was so far ahead. 10, 15 years ago europe was far ahead when it came to wireless technology in this country. they completely lost sleep many would say because of the european union, because of regulation, bec

again, vodafone confirming this report. we've reached out to apple. no word back from there. though there are reports that apple did pick up the device to see what the cause of that malfunction was. so, the store evacuated, no one hurt. this, of course, coming on the heels of yesterday's report about that tesla device battery that burst into flames in that car. bill, back to you. >> what is going on. >> yeah. >> thank you. >> thank you so much, ty. >> at least nobody was hurt. >> we want to oint out, this market is moving higher. $1 billion to buy at the close here. we'll probably end higher than we are right now. joining us, david darst, j.j. burns from j.j. burns and company. what's going on with this rally? >> this is the what's not to like market. >> they love the jobs report. >> china doing better, pmi, european central bank -- >> cutting rates. >> the jobs number came in nicely. upward revision bill by 60,000 jobs. >> august and september, sflit. >> what you really need to see is the consumer to kick in. that's been the laggard. with the jobbing doing better -- now, you

. >> we'll take a quick break, we'll come back, we'll talk some green mountain, we'll talk some vodafone. a few other things, as well. we'll also talk about does david einhorn think we're in a bubble in the stock market, and about his view on the fed policy. and he has one of the high-profile short positions in green mountain. we'll be back after this. for all those who sleep for all those who sleep too hot or too cool, now there's a solution. sleep number dual temp, the revolutionary temperature-balancing layer with active air technology that works on any mattress brand, including yours. it's only at a sleep number store, where this holiday season, the hottest sleep innovations make the coolest gifts - including sleep number dual temp. discover dual temp at one of our 425 sleep number stores nationwide. sleep number. comfort individualized. >>> welcome back to the "halftime report." i'm john harwood in washington. the united states senate, democrats in the united states senate, have just now invoked what is known as the nuclear option on judicial nominees. that is to say by a majority v

always hear, over and over, you're a client of the bank, but always hear there are global companies, vodafone and verizon needed to borrow 50 billion, a great example of one of these instances, verizon needed to borrow $50 billion to buy out the chunk of verizon wireless it didn't own from vodafone and able to do this because it went to a handful of banks, two or three of the biggest banks in the country, and that was that. and we couldn't go around hat in hand to, you know, 50 different community banks asking for, you know, a billion dollars a pop. what do you say to that? >> well, the argument that we live in a world that's big banks are community banks is flawed. that's a flawed argumentp. but there is plenty of room for more mid-sized banks in the united states, banks that look something like a pnc would look like or first chicago would look like back in the day. there's a lot of room for banks of that scale and size. the arguments for the scale organizations have largely dissipated. technology used to be a really important part of the value proposition of scale to a large bank. but today

vodafone singh was killed seventy nine cents bt i began to copy two days ago. nickel stocks chairman in some preston who was just a moment in the unaffected pti chief done on time and the security guy in the shower and snacks the lord until he began. i visited juice and hot. nine bodies have extended support to pti. the installation of a . thousands of euro mika is in ca i put up the inquiry had much to the us going to be in the charlotte on monday to hang with him in it and in seeking an end to the us drone attacks in the country the air. i invented a harmonica it's got nice and i'm told. want to. i will. i doubt it. the meals the church will be up tonight the one that i gave up. but she's feeling down its budget this month. bought this top is headed oh the possibilities of it death row prisoners set of gates and a good mission to happen this time about the prospect of a small but six months off to see the light for the attack of the novel was in april it was the head office requested the government to facilitate a tennis lesson effects the key to this connote

eighteen seventy four at imax format but with going to see what the mind is close to my cheeks and vodafone fiji v eighteen. and for on time this movie industry and perspective from hollywood. a skinny probe is talking to the er with universal pictures president tomorrow saturday and ten at ten thirty am baking time for a two thirty gmt. knowing that i reckon that this edition is a shaky on cctv with the backing nine pm taking time with more. this means i have not seen that the us. how how. the inhale

the real point is vodafone can do a lot of things. there are other companies suffering also that don't have the cash resources or balance street strength that vodafone or telle come. >>> how do you love real estate and how do you play it? >> all over the world. when you're in the real estate business and told you're a investor, they think you're a read investor buying real estate companies that pay dividends. we do do that. we buy that generate appreciation over long terms. there are tremendous jewels around the globe we identify as great values. we have been buying the stocks since 1998. >> can you share names? >> there's a beautiful company called song bird. song bird is canary wharf in london. everybody knows about canary wharf. they're going to build a rail train to get you into that development. rents are far cheaper there than the downtown financial district of london. this is an inexpensive stock. in our minds now, it's controlled by people but there's public security we like. it has a pretty name doesn't it? >> a couple of oth

it doesn't have to be vodafone. at&t is a very smart company, they'll find ways to get growth. >> what did you think of plosser's comments? did you hear any? >> no, i'm sorry. >> the question i'll ask around this table is whether you think what he thinks, which basically is he's hawkish, is whether yellen is going to follow any of the things he thinks. i'll ask bob that. >> i think they'll ignore him. >> just ignore him completely? >> yeah. >> his policy, jim, was he likes transparency but on the other side, on the flip side likes transparency but doesn't want to have any wiggle room. i thought it was sort of -- >> very unusual. every time they come up with something more, it's a hand tied behind the back. >> exactly. bob's right. >> jim, you see the chevron numbers that kind of confirmed what we heard earlier? >> they kind of did preannounce. it does show you the companies that were able to split off from mining have a better model. exxon had a really good quarter and it just got overlooked. by the way, royal dutch

they made the acquisition with vodafone. i believe in the management. it's a great stock. stay long, verizon. yes, sir? >> hi roger from long island. american electric power is it an income producing -- >> yes. they're caught between a very difficult situation because they're coal based. obviously washington hates coal. they're doing the best. dividends are going higher, buy it. >> how you doing, jim, i'm from brooklyn, new york. my question is what's your opinion on sirius xm radio? >> that was not a great quarter. 4 million, they thought they had the game. they couldn't do 4.1, some people are selling the stock. that's mistake. i want you to be a buyer. and that, ladies and gentlemen, is the conclusion of the lightning round. >> announcer: the lightning round is sponsored by td ameritrade. on the trading floor in real time. ♪ the shell brought him great fame. ♪ but then, one day, he noticed that everybody could have a magic seashell. [ indistinct talking ] [ male announcer ] right there in their trading platform. ♪ [ indistinct talking continues ] [ male announcer

vodafone is getting a slew of money from verizon. a lot of mergers taking place there. >> how does a taper play into all of this? a lot of talk today the federal reserve may taper sooner rather than later. does that put a wrench in the market? >> you have $8 trillion of money floating aren't, waiting to be invested. draghi is doing the same thing, and the whole world on sugar high. yellen, when she comes back, when she gives testimony to get the job, and i hope she does, will she say, we have the exit strategy planned. it should occur at a time when the economy is at the takeoff stage. like bob doll said before, as long as the economy is moving, and it is moving despite the best efforts in this city we're in, then you can have an okay market. it's a stock-picker's market and then you'll have deals. corporate confidence has to be returned and you'll see it when they start making more deals and financial engineering. >> what's your sense? you're looking at this market and really selectively actively trading your portfolio, the portfoli

it's a natural methods to get that's french for vodafone p diddy after his team against low expectations the ukraine train due on tuesday nights that's what did they needed to expand to six weeks to come. andy and i asked t t then go to study for most sports desk. it is that the misconduct that victory the first man that we could think about is the coach to view the short he's the one who brought it to steam ahead together to meet a lot of changes from the first leg at a cost in the ukraine change fight that players. among them that tendency not to put him in the front said as the striker after four games on the bench and benzene outscored entering this game and he also replaced the lackluster as sonny honesty i am into bed when i was also instrumental in creating a lot of opportunities and four at the french and of course be with this when his contract has yet been taken all the way to you at two thousand and sixteen it was the deal if you mention qualified for brazil. his contract it would be extended to two thousand sixteen and that means he will be coaching at eaton told the euro twe

mullaly is a very big deal and facebook doubled from its lows and i like certain acquisition targets and vodafone will probably be acquired, if not, the mere rumor of that acquisition will probably push these stocks higher. charles: it's so interesting because wednesday a lot of rumors starting to pick up. if there's one area that's a rally that hasn't been big yet which is interesting. i tell you what's big, john, bitcoin. they've needled me, 1200. at one point bitcoin was worth more than gold. and what's your abouten? >> it's probably the future, you never know exactly what's going to happen. what's the difference between this fiat currency and the u.s. dollar. we say the u.s. dollar is worth a dollar, what is bitcoin? it's a 500 billion dollar market and you'll have western union could get hurt on this. it's going to take a long time for this to happen. this needs to be regulated as any other currency and people are talking about the hidden web, the deep web, up to 30% of the web, the bitcoin, this is just another currency out there and i think it probably survives. i don't know where the valu

no, i mean, vodafone buying the other piece of verizon. but that's not a real merger, so we'll see. >>> also, this is a little deal but big deal to them. a jury awarding apple about $290 million in damages against the retrial of samsung. the decision restoring a large chunk of a historic verdict that the iphone maker won last year. samsung had argued it should only have to pay about $53 million, so to samsung, $290 million is a lot. to the coffers of apple, maybe not. >> right. >> maybe not so much. a decision on whether to approve bank of america's proposed $8.5 billion settlement with investors in mortgage securities is now in the hands of a new york state judge. a nine-week court proceeding ended yesterday. the judge now must decide whether it's reasonable for the trustee of the securities to enter into the settlement, which is binding on investors. >>> all right, coming up. well, number one, you know, you read things in the "post." i guess when the "post" had that thing about the bag man and the they sullied the two guys, the boston bo

and the other big thing that is sort of hanging there over markets is the vodafone verizon deal. we know that shareholders are going to get paid i think $38 billion. quite a lot of those sterling based investors will not want to keep those. there's a big sterling purchase to take place, probably sometime in the first quarter. and i think it is something that is going to keep a bid under sterling. >> jonathan web, have a good day. stay around and is we'll share some turkey i might cook a little later. >>> still to come, talking about sterling, the bank of england is getting ready to deliver its latest financial stability report. we'll be at the bank right after this. and our very own in-house chef is preparing the perfect turkey for us here on "worldwide exchange." i'll be giving him another helping hand as we not only make the stuffing, we then apply it. more to come. >>> these are the headlines on "worldwide exchange." the former pm silvio berlusconi vows to fight on after being expelled from parliament. 310,000 euro after overseeing 10,000 job cuts at the struggling carmaker. >

vodafone has had recent projects where they're looking to accelerate cap ex. maybe europe is slightly improving. north america slightly weakening. globally, the mobile infrastructure market is probably fairly flat. >> james, thanks for that. >>> still to come, we'll turn our attention from nokia to microsoft. who is going to make the cut? mine was earned orbiting the moon in 1971. afghanistan in 2009. on the u.s.s. saratoga in 1982. [ male announcer ] once it's earned, usaa auto insurance is often handed down from generation to generation because it offers a superior level of protection and because usaa's commitment to serve current and former military members and their families is without equal. begin your legacy. get an auto insurance quote. usaa. we know what it means to serve. >>> welcome to "worldwide exchange." i'm ross westgate. the oecd cuts 2014 growth outlook for next year. global recovery is still lagging. >> what you have is world economy that is today going at top speed and we can't really get it on second gear. >> stocks in europe still in the re

. >> -- as bankers have, if at&t wants to buy vodafone -- >> no. >> -- it all of a sudden becomes more complicated because of the nsa and our spying, lenovo wanted to buy blackberry, the canadians said -- >> it's canada, it's china. this is not the spying -- >> i'm suggesting others will now be worried about us. >> everybody knew this was going on. you know what? it really comes down to whether you -- >> they didn't know exactly what was -- >> there's people that think snowden's hero and people who think he's a traitor. if you think he's a hero -- >> i'm not making a judgment either way. the judgment i'm making -- and i suspect people did understand what was really happening -- >> i don't know they knew that it was corporations. >> they didn't know -- >> complicitiveness is there's something wrong in your mind. say it loud and say it proud and then -- >> it's not what's in my mind. if there's a political backlash, the next time a big european company -- >> you think that would influence -- >> i'm a capitalist at heart, and i think an american company came in to buy some european compan

. >> one of the areas that has been active, sprint, of course, and soft bank, the vodafone with verizon, you were involved with that, telecom as we head into next year, do we continue to see a level of activity and consolidation? we're down to four now here in the states. >> four in the states. if you look globally at the number of telecom suppliers, you're down to a handful of handset makers. you talk a lot during your shows about blackberry and the struggles nokia and microsoft have. apple is a big winner, samsung is a big winner and google through android. that's three huge companies and in the u.s. alone you're talking about four carriercarriers, can four, brazil five. ultimately consolidation ought to continue because there's an imbalance between service carriers and suppliers. >> not to mention equipment suppliers, alcatel, lucent -- >> nokia siemens. you have the fundamentals that drive telecom. in media as well, you guys are reporting on that. those fundamentals are out there. over the years you think about how wireless and wireless technology has cannibalized a lot of industrie