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It's Monday, May 20th.

Welcome to Market Foolery.

I'm Chris Hill joining me in studio today.

Back.

First time in a while, it's Dan Klein.

Thanks for being here. Hey there, Chris, thanks for having me.

Thanks to everyone who hung in over the weekend for our Apropos of Nothing episode.

I told you we'd be back Monday with the actual business news of the day, and we're here.

We've got some media and entertainment news. We're going to dip it in the full mailbag.

Let's start with, I think this technically counts as breaking news. The chairman of the FCC

saying that he is going to recommend to the agency the approval of the merger between

T-Mobile and Sprint.

This is a 26 and a half billion dollar merger and I know the FCC still needs to formally approve

this and so does the Justice Department but the stocks are acting the

Wall Street is acting like both those approvals have gone through.

Well, because when you looked at this a few weeks ago, and I think we covered this on an

industry focus not that long ago, they were putting it at 50-50, it wasn't they weren't looking at this sort of

economics of it they were basically very focused on but there's four and it's

...