what shall we do >> viacom and cbs. we basically missed the report >> david is one of the most responsible journalists out there. shari redstone can say what she wants but it's not like there's necessarily a story there. viacom sold down too cheap the content wasn't deemed to be worth the value. they seemed to be losing their mojo with the kids, comedy central. but it makes sense and i think these two entities, this is not the first time this has come up in the last couple of months. >> david is doing the professional thing but stocks trade around that before you have any substantive news >> what do you do, do you fade that >> i still think you're able to buy viacom even up this much, you're able to buy viacom. where there's smoke, there's fire >> i agree, i think viacom continues to be the play, mel, 100% >>> that does it for us here on ast. 'll be off on monday see you tuesday. "options action" is right after this >>> hey there, we're live at the nasdaq market site on a very foggy friday the guys are behind me getting

viacom shares down 2.2%. >> yeah, up nearly 10% during the session. sharon -- evan, go ahead. >> one question, sharon, who's actually the kingpin or the decision decisionmaker in this, shari redstone or les moonves, at the oe end of the day who actually is calling the shots here >> shari redstone is the person who runs national amusements which is the controlling entity for viacom and cbs ostensibly, she's in the driver's seat. the question is who would really run those companies together and how many candidates are there out there to do this clearly, les moonves who has for decades been -- successfully run cbs, viacom is clearly the company that's had a lot more challenges and we know all about the board, you know, dramatics that we had in the past two years. opposing shari redstone and all of that. so she would need a strong executive to do that so in some ways it has been a question of whether les moonves wants this to happen or not. my reporting is she's been approached by people who want that job who want the opportunity to run viacom and cbs tog

viacom says not to be an active sister company but what happens next? this is bloomberg. ♪ mark: i am mark comes in with first word news. hillary clinton is blasting president trump for his comments about immigrants from haiti and africa. on twitter, she noted that it is the eighth anniversary of a haiti.ting earthquake in she says instead of remembering the tragedy in honoring the resilient people of haiti, we are subjected to "trump's ignorance, racist views of anyone who does not look like him." the president decided today to continue to wait economic sanctions related to the 2015 nuclear accord with iran, leaving the deal in tact for now. the president did issue tensions against 14 people and entities involved with iran's ballistic missile programs and a crackdown on government protesters. the president has repeatedly denounced the nuclear agreement negotiated by president obama. mr. trump declined to certify it was in the interest of the u.s.. he so far stopped short -- u.s. he so far stopped short of scrapping the deal altogether. welcoming a de

viacom shares ended the day up 9% to $33.76. cbs shares rose 2%. >>> time for our weekly market monitor segment. this week's monitor has three small cap picks, capitalizing on growing demand among consumers for experiences and services. the russell 2000 hit a new high today, up 80% over a five-year period. we welcome tighe sanders from tighe, welcome, good to have you with us. we're a little pressed for time. beginning with monarch cart casino and resort, not a name i know, which doesn't say much at all, but where do they do business and why do you like them? >> so monarch casino resorts is a regional dominant player. we like this because of the mana team and the way they've been able to utilize data analytics to better segregate the market and get a better overall customer experience for the user base. we like that they're doing an intelligent expansion into the black hawk region outsi denver, colorado, with similar characters to th reno, nevada area. >> you also like winnebago, the customer service experience. they have, you s

the ceos of both companies, cbs and viacom have met and discussed a possible merger. in is a step further than we talked about, about combining those two companies back together the boards are scheduled to meet on a regular basis it appears the next time they meet, they will bring up this merger discussion as well again. in is being reported by reuters that cbs and viacom, their ceos have discussed possible ideas about merging the companies together again back to you guys >> do they even need to leave the building to meet, those two companies? >> i know that viacom building but i don't -- but cbs is separate. >> blackrock. >> yeah. anyway, that was -- we can show the shares again up about 1%. they priced in a lot of this already as these reports have been dribbling out, including david faber's over the last couple of weeks. >> we know it's going to happen. when the redstone family wants it to happen, it will happen. >> i guess it's about les moonves, not that he could say no entirely. >> he'll end up running the entire company anyway. >> viacom up 2.5%. cbs up 1%. >>

viacom versus cbs. david: we have a graphic that shows that. under their 10 year, the sock -- stop for cbs has really gone up and the viacom stock has gone down. you can see cbs has gone way up. alix: it is hard for them to find a leg sheri redstone can stand on. david: she is the new sheriff in town, and you have to worry about staying too late at the party. is it fully valued? having said that, les moonves has done a superb job. alix: i love when we get the nitty-gritty from david westin. he gets so excited when i talk about oil. morgan stanley as well as the broader equity market, morgan stanley up 1.6% in premarket. equity trading coming in at $1.92 billion. the biggest gap was goldman sachs. the wealth management business up 10%, margins a bit lower, but not a lot of drama. tomng up in the next hour, , friend of president trump, will join us. ♪ alix: knocked off its pedestal. morgan stanley climbs above goldman sachs for the first time since 2006. the wealth management fees hit a record. one step forward, two steps back. apple is repatri

viacom's shares were up, shares of cbs were up almost 1%. k corp. reported earnings that rose and beat expectationse nation's largest bank said the majority of the savings from the new tax law will be returned to shareholders in the form of dividends and stock buy backs. the rest will be put into investments in technolog and higher entry lev wages. shares closed down more than 1%. >>> sharls schwab posted profits in line with expectations saying earnings took an immediate hit from the new tax changes. revenue topped forecasts. schwab shares, up 1%. the drug maker sell gene reportedly in talks to buy the bio tech juneau therapeuticics. it could help strengthen sell gene's portfolio of blood cancer drugs. juneau therapeuticics up 51%. sounds like bitcoin, to $69.25. not today. and after the bell, alcoa posted a larger than expected quarterly loss. revenue improved but also came up short. shares were pressured ins sessi the regular day up 1% at $56.99. coming up is the long run of record low mortgage rates about >> walmart is wading into the opioid cri

this you just know that the properties at viacom, mtv and all that other stuff, these are not cutting edge properties and getting crushed by cord cutting. he doesn't want to saddle his shareholders with that. she sees it differently. maybe this is a way to survive. obviously this is a play by shari redstone to turn the screws on mr. moonves to get him to agree. you could say why doesn't she order him to do it? if les moonves leaves tomorrow, a huge chunk of cash, he's made his money and can say, sayonara. >> closing bell 38 minutes away. you know boeing was the leader on the dow, it's leading again this year and today, jumping $12.50. the biggest mover on the dow after wolf research raised it to outperform. delivering a disappointing outlook at an investor conference late last night. stock is getting crushed down 7 .75, the nation's number two automaker says 2018 earnings going to be lower than expected. they also said the turnaround plans would take years to become profitable. >>> up next, they've appointed a used car salesman to head the atlanta feds. not just any car salesman, mike

last but not least watching viacom and cbs. sumner redstone split viacom and cbs in decade ago. failed attempt to recombine them. sherry road ten, controlling shareholder over at cbs has been in, there is viacom. we'll continue to watch this developing story in the media world. back to you. david: i said phil flynn will be here on commodities. he is not. let me told you gold took a major hit. a big hit for the gold bugs. thank you very much. melissa? melissa: it is the economy stupid. president trump taking a victory lap on tabs reform touting the effect of tax cuts on millions of americans. fox business's jeff flock is in pennsylvania where the president made remarks just a few minutes ago. jeff? reporter: he is on his way home now but i'll tell you the president did today, melissa what a lot of people like the president to do a lot more of, that is to say talk about the economy. even said it, it is about the economy stupid. not the first guy to say that but it was today and that's great. touring this plant, h&k equipment. heavy equipment, they sell it, they service it, it is a

speculation about a cbs viacom deal has resurfaced. chief les moonves is considering a merger. withas also held talks verizon and lions gate films. the deal fell apart because of disagreements over price and control. trading hub -- the firm is a talk with german regulators about relocating 150 positions from london to frankfurt. but his departure from the union is set for 2019. american airlines is adding hourly flights between new york city and chicago. businessored by travelers. american says free beer and wine will be offered in the main cabin. 60 flights will run every weekday starting april 4. and that is your business flash update. vonnie: coming up, bank earnings. tax cuts help alleviate a rough quarter of trading. the details. this is bloomberg. ♪ "bloombergs is markets." query results this morning. morgan stanley had a strong be 17 and continues into the fourth 2017.r -- a strong our next guest says that overall fundamentals remain positive. exert a vice president and global director of research at kbw is with us from his offices in new york city. but you so much for

liz: jaw-dropping spike for viacom. jumping 12%. this on news, forgive me to put on my glasses viacom ceo chairwoman shari redstone pursuing more mergers, of the two media companies split after decade ago. this is report from the wrap. we're following this closely, breaking news. >>> t. boone pickens, once america's big oil man, stepping down for good from his energy focused hedge fund bp capital. 89-year-old says his health is not been good. but he says his fund is not performing well. does his bet on natural gas still worth it? he likes one name in oil. first, natural gas world, look at markets right now. we're seeing record once again. >> it is exciting. liz: a lot of compelling factors. cold winters matter. that drives prices higher. look at oil market, we're at new high levels. almost $65 a barrel on oil, haven't seen that in a long, long time. liz: 70 for brent. >> new highs for oil and new highs for gnat gas. we're rapidly becoming a energy producer exporter, the idea of liquified national gas coming online is massive. liz: w

swedish ikea founder in viacom proud has died at ninety one he turned a small scale mail order business into a global furniture empire ikea's first department store opened in one thousand nine hundred fifty eight and today the company has more than three hundred shops that also serve delicious meat balls across the world. hundreds of thousands of revelers lined up the narrow our way alleyways and bridges of venice on saturday at the start of carneval two weeks of fun before the rigors of lent the forty days of fasting that precede easter the venice kind of all is one of the oldest in the world at the feasts mass falls and concerts go on until february thirteenth. the circus was the theme of this year's opening parade so of course there were plenty of animals. on the tightrope orca who monies to avoid an early bus in the canal venice is carnival madness first began one hundred years ago but it was bound at the end of the eighteenth century the modern revival only dates from nine hundred seventy nine. like the boat said like you're out of your life so far so good when jake. we had a great

redstone and her father, fender redstone to medium local control cbs and viacom with roughly 80% voting stake in each. cheryl: you cannot get paid for exercising. a new app called [inaudible] using smartphone. health and fitness stated gps location. the app tracks how many steps you take in a day and rewards you a monetary value according to your movement. for every 1000 steps recorded the apple pay you 95 cents in sweat coins. you can trade the zen for fitness gear, workout classes, gift cards and other offerings. you could only earn this coins by walking outside. they really won't count unless you're doing -- if you're walking on the treadmill at the gym. got to get cheryl: thank you, tracee. lauren: also talking about bitcoin's wild ride as the crackdown on digital currency. bitcoin plunging below $10,000 for the first time since the first of december. right now it is trading at 11,195. bitcoin sold off after south korean policymakers said they may shut the dow domestic virtual changes to combat crime and speculation. also weighing on bitcoin to crack down on trading in crypto curren

any sort of significant premiums for viacom what is likely at this point that you may see shari redstone pushing this as a result of what we have seen in terms of disney and fox and the fa ct that scal is something people need no banks have been hired or special committee have been formed or adviser any kind or offer have been made and that continues to be problematic, perhaps you could not get the resistance of cbs in terms of its chairman and ceo wanting to push for certain right in a deal but, that does not mean that it is not without its impediments, you will still need a special committee to say hey, this is viacom shareholders. quite a few things it may hold it back. studio being one of them though it does contributes to325 million bucks and none tthelesst is significant go through the list that's out there, they have to. if murdoch's willing to do it, everybody got to be thinking about it >> i am so glad you mentioned murdoch's name now fox is going to be hired and at&t, these are not a family you uniquely reported on the idea that there are, this is an industry almost like real e

look at your competitor viacom. i think cbs will be buying viacom. look at ford. it traded down 25%. shari redstone wants to put the deal together. trading eight times, yield of 3 1/2%. ford has gotten clobbered because of soft guidance. revenue number was strong. ford yields at 6%. you have to look at opportunities, trish, not necessarily what the dow is doing. trish: overall fundamentals are looking pretty good. when time dime thinks 4% in the card with gdp growth, when we know wages are going up as a result of bonuses, wage increases from hundreds of companies and earnings going up as as a result of the tax plan. >> wall street. you mentioned one jamie dimon. of course lloyd blankfein. they are fighting over who is more bullish over the economy. two he noted democrats. one at four. one at three. i think we can take. >> thanks so much. major topic in tonights state of the union address will be immigration reform. it must be a bypartisan deal and we must secure our borders in finding a solution to daca. my next guest is important how border security is. she repre

we have reports that shares of viacom, as you see, are moving higher by 2% on this report from reuters that a merger with cbs could be back on the table. reuters is reporting that ceo bob backish and cbs chief les moonves have had an exploratory discussion about americaing the two companies which is something that shari redstone who is a huge shareholder of viacom, she, of course, the daughter, she's the daughter of sumner who founded it, right? well, the talks are preliminary, and no official decision has been made, but redstone would like to see that. it could signal, this meeting, that moonves who's been skeptical of deal could be more open to it now. as long as he gets to control it, i'm sure. >> yep. liz: charlie gasparino, did you just finish. >> i never lie! i never lie about being in the cia. i mean, kgb. [laughter] liz: total opposite. was he sort of blinking when -- do you blink when you're lying or not lying? >> what do you expect the guy to say? if he tells the truth, yes, i'm kgb -- i'm not saying he is, but if he blurted out something that vladimir putin wouldn't like, th

in one desperate suicide assault, 19 viacom commandos stormed the embassy in saigon. -- viet cong commandos stormed the embassy in saigon. the last week of january 1968 ranked as one of the most crisis ridden of the johnson presidency. clear opennt kept lines of communication with congressional leaders. during the week, he spoke in person to at least 100 senators and representatives. as the president and his advisers briefed the council, one fact became undeniably clear . the nation was being tested as never before. it was not her strength that was being tried. it was her will. not her ability, but her sense of purpose. >> i believe with abiding peopleion that these tutored by their hard lessons, moved by their aspirations, have the will to meet the trials that these times impose. ♪ >> a tweet asking about an issue that resounds today. his question is about how many people were fathered by u.s. gis in vietnam. how are they treated 45 years after the u.s. departure? during ouratured next life -- you could be featured during our next live program. join us on facebook and on twitter. touring

whoa we want to get to a bonus round, this is what julia mentioned, a recombination of cbs viacom which would then combine with lion's gate. does that make sense to you? >> i do think the combination between the two of them, i think that may ultimately happen for no other reason other than you have got shari redstone of the roadstone family that controls both. it could be a combination. it could be a two or three way deal. >> we have been sort of going through this to get your take on each one for the one that you said would make sense for comcast, have you talked to brian roberts, have you talked to our bosses about any of that, about a potential tie up or something deeper than a partnership. >> i could never say specifically who we are talking about. but we talk to everybody all the time we are now a $7 billion market cap company. we are a pint-sized bite for some of the giant market cap companies. again, our job is to create enhanced shareholder value we would talk to anybody at any time and see if a deal makes sense. >> it sounds like you were most open to a deal based on your answe

jimmy, you said not to buy viacom on november 17th. >> would you like to apologize to america >> the stock is up -- >> apologize >> he bought bitcoin. >> i'm going to applogize. >> bought ripple instead. >> the wine. look i've got to tell you on this space i find is intriguing and viacom is in there along with discovery and cbs. clearly there's consolidation going on we've seen it with disney and fox. i'm not negative on the stock anymore. >> western dig what do you do with it now-wises? >> i think it downgraded this week. >> it did by bmo and it rallied off the lows look, this is -- i've actually made money on this stock, the reason being when it got crushed by morgan stanley and some issues were going wrong with the agreement with attorney barks that's when i was losing until then, but then i loaded up and i think i came on air and saidterm i've paring out of it over here, and i pared out of a little micron as well these are cyclical stocks and commodity stocks and you should get commodity multiples. >> coming up next, the blitz we're back in two minutes. >>> all right. we're back

viacom in these carriage negotiations. cbs is a must-carry channel. it has nfl, great programming. not to say viacom doesn't. mtv and nickelodeon is not as must carry as it used to be. now it's you're helping viacom but not really boosting cbs. it was split up originally -- >> with the thought that cbs would be the slow growth >> and that was true at the time because cable was growing. the funny story is sumner redstone said i need to give les and tom a job. so i created two companies the underlying thought is i really didn't need to do this. >> you want some useless information? >> we haven't had enough of that this morning >> yeah. horse's teeth grow slowly. you can wage the agauge the hory the teeth. someone can say this horse is a couple years old, you look in the mouth, it says ten years old. >> you have a lot of experience looking horses in the mouth. >> no. no you don't want to accept the damn horse if all you're going to do is feed it and it can't do anything that's a good saying for you to use and appropriate for

brilliant dollars from disney and time warner and viacom couldn't win the election so. i think he if he's understated he wins he has a gift for attracting our attention the opposing party his response does not seem to kenya even remember one that really mattered. in opposing yeah you know the after speech from the opposing party you know the democratic response in this year's case you know has never really started late and i think sometimes by their choice they they've had their moments and there was one occasion where it was cuomo or someone who set themselves up as a front runner the speech so it can be a moment depending on who who selected what they do with a thank you presidential historian doug weed. coming up at the one year mark in his presidency what is the state of trump enter the no hollering zone with our political panel next i'm hala cook this is the big picture on our t.v. america. that's right the stand. alone white house. i know that i know rather than i think there are rather across the aisle for the kids that are. only on that combative. kick and. i do

leader likes in a rally is arrested during our government protests in russia and the flap at pioneering viacom prot the founder of furniture giant ikea has died. hello thank you for joining us yemen's government has accused the separatists of an attempted coup after they took over its headquarters in fierce clashes in aden at least ten people have been killed in the main airport in the town was shut down the group for its control of yemen's southern region which was an independent country up until ninety nine. the civil war has already torn the country apart after who the rebels a seized control of the capital sanaa in two thousand and fourteen president how these government was forced to move to aden in the south adding to that tension the united arab emirates is arming southern separatist fighters this fight actually being part of the saudi led coalition that's helping president battle who these the government has urged the coalition to intervene well some of binge of ida reports. yemen's prime minister says secessionists have steve. not spared the government had been based for the last few

. >> cvs went up a lot today because of believes if the red stone family is thinking of v viacom verizon is out there and we can still like you still looking at content access and charter, they really tried and did not get there. that was over a year ago at this point. would it buy cvs if it was for sale >> i think it would. >> it is not you always have to say cbs channel 2. >> the point i would make on cbs is the likely outcome here is the deal with viacom and there is nothing that i heard indicates any way willingness of apart of those that controls red stone to sell cvs separately then he would say if you want to take ownership, you are better off buying natural amusements when it controls states. that's not the option here unlike fox where they are only allowed to vote their economics in a take over situation that's not the case with cbs. >> you are close to that while we are on the subject of taxes and entertainment. there is been some very positive chatter about sirius xm >> it is terrific story. i believe that people feel it is capped i like spotify and i like sirius xm. >> you li

a series of surprise attacks i the viacom. it ultimately became a key turning point in the war. we have the story of young combat photographer able to capture the battle, one of the largest military campaigns of the conflict. >> one of the most iconic images of the vietnam war. the photo taking during the battle in 1960 capture the carnage born out of the bloodiest fight. behind the lens. >> i was a 20-year-old u.s. army draftee aside to stars & stripes newspaper. >> john remembers arriving there. >> i'd never seen anything like it. the friday night scene was all jungle fighting. this was a pile of rubble, we are met by 18 and 19, 20-year-old marines. >> that was 50 years ago. today, his work is featured in a new exhibit at the museum in washington, d.c. uniquely some versions were created for the blind. he sought to find the voices behind those he immortalized in film but not all survive. others remain nameless. this photo central figure is a handsome young marine line close to death shot through the chest. >> i knew i was hit bad. i thought it was my last. >> alvin was just 18

stock leaps $5 even the seamstresses, discovery and viacom among the biggest earnings keep buying discovery. bottom line, to borrow a line from f. scott fitzgerald, test of a first-rate market is ability to hold two opposing rallies at the same time that's something this wonderful market seems to be doing with aplomb i say get used to it will in kentucky >> caller: boo-yah or we might say go big blue-yah. ask you about a stock you mentioned, discovery channel, adisca, dropped in october, now jumping through the roof long hold here >> yes stock was going down, i saw the ceo at dinner and almost felt bad for him. does interview with john malone, the dean of tv and media and he says he thinks discovery is fabulous $19, now $24, david faber making you money again. molly in michigan. >> caller: hi cramer, boo-yah. thanks for taking my call and all the hard work. >> i'm not working hard enough telling wife, getting up at 3:30, why getting up early actually late. i don't care for sleep go ahead >> caller: i'm a better investor because of you so thanks question about juno therapeutics i own the sto

viacom is up 5.5%, the best performer in this group, but not any particular headline that appears to be driving them. ditto with discovery communications. in the case of netflix, there is a no doubt from barclays in out fromlysts -- note barclays in which analysts say it could be as much as disney as it continues to grow. the subscriber growth areas faster than cost growth over time and could become one of the most successful media companies. netflix shares up 2%. shery: thank you. , coming up after the biggest tax overhaul in a generation, what comes next? the republican from arkansas and member of the house financial services committee will be here to discuss the gop agenda. this is bloomberg. ♪ >> this is "bloomberg markets: balance of power." shery: let's check in on the bloomberg first word news. plans tosident trump announce today that he will extend waivers on sanctions against iran. that is according to secretary of state rex tillerson, who spoke at the state department. the president had until tomorrow to announce whether he would continue relief from the 2012 sessions tha

it would be twice competitors such as viacom they deserve a premium valuation. netflix said there's a 40% chance that apple buys netflix i'm not sure where they got 40% from and i'm not sure the shareholders will be thrilled about that it will add fuel to the fire if we're playing the game again -- >> i wasn't, but -- >> no one asked you to set up a game >> netflix >> netflix outperformed ten to one disney i think they both can go up. netflix is definitely the beta chaser >> don't shake your head like that >> same old high jinx in 2018, nothing has changed. >>> weight watchers jumping today, the stock now up 300% in the past year, yes, 300%, as the company signs on dj khaled as social media ambassador. the hit making music producer is known as the king of snapchat. he's got nearly 4 million followers on twitter we'll share his progress as he completes a weight watchers freestyle program which launched just last month. >> 3 to 4 million followers or views. >> when did you start following dj >> early >> it was when him and bieber were together, because justin bieb

vice-chair shari redstone looking to merge the two companies that broke apart more than 10 years ago, viacom surged into the close ending the day up more than 9%. its pulling back. we should tell you a little bit after hours, trading down about 2%. cbs up slightly after-hours. melissa: president trump issuing a tough warning to iran, what he is now saying about the future of the controversial nuclear deal. that is next. david: rescue missions continue in southern california where many still remain missing after deadly mudslides plowed through homes. there is a desperate search going on. we have update for you coming right up. >> i wasn't aware what kind of danger was coming down that hill. you know, the water got worse as the minutes went by. >> you could feel the car lift up when the wall of water from behind hit the car. sir, now we have live pictures of joint base andrews where you see the president's helicopter. i believe it is the lead helicopter. they always have two and do that for obvious reasons. it is up in the 50s here in the northeast today, still a good time to go to florida. wh

today.seeing coolness viacom comcast and discovery, all lower. a miss for verizon but the ceo intoay they are not what acquire a media company. there is speculation that could be the case but certainly cooling-off media companies on the day, finally, perhaps as a bright note, you have it rallying on the day both up about 2%. a asks as bitcoin is percent, perhaps important week, well above 10,000. a lot of volatility for bitcoin to swing below and but -- and above the $10,000 or bitcoin, quite a bit in recent days. bitcoin recently held onto the 100 day moving average. the recent volatility we have seen that range have started to break to the downside. we will see if it can infect hold these levels. it is an interesting one to watch. chatter around the crypto craze. theackground 10,000 is headline. abigail, thank you. let's check on the headlines. mark crumpton. mark: mick mulvaney is also the acting headlet's check on the h. , and says his decision not to seek funds from the federal reserve is an to cripple. to kevin cirilli. to cripple. to kevin

there has been are new to talk about combining cbs and viacom. bristol-myers squibb after -- finallyafter merck -- mosaic falling after some on over commentary positive sentiment surrounding nitrogen. credit suisse making those comments. mosaic down 5%. let's get a check on the first word news. >> an extraordinary four-day sentencing hearing is underway in lansing, michigan. destroys former michigan sports dr. larry nassar who pleaded guilty to molesting young females at his michigan state university office and other locations is facing those he abused. many of the survivors were victimized when they were teenagers or preteens. >> some may he scared to share their experience. i was. i still am sometimes. there are some days that this horrifying experience fills my brain and i can't think about anything else. it left a mental scar that unfortunately will always be something that happened. believer am a strong that scars become stories that you share and heal from each day as time goes on. >> the michigan attorneys general -- attorney general's off

. ♪ julie: we had headlines crossing the bloomberg right now and are watching shares at cbs and viacom's writers reports the ceo's of the two companies are said to have discussed a merger. this is not necessarily new. we have been talking about this for several weeks. or have been reports surfacing for years, and this was an that was not successful. shares are spiking about 1.8% but it is not a larger move likely because this has been a topic of conversation. little bit of deja vu here. with the russia investigation swirling there are concerns about the ability of the u.s. to keep elections safe from outside influence, and that includes improving cyber security defensive -- cybersecurity defenses. i think the president has a very clear america first message and that message helps me lead the way online. cyberspace is a medium and what we need to do is establish rules of the road that benefit stability, benefit companies that are good, companies that want to do business around the world. u.s.e leak that the leadership presence on cyberspace is no different here than the u.s. leadership ro

viacom stock down friday. the reports of merger talks with cbs and cbs is up a little in viacom is down. now this. president trump also releasing a treat. we must have security at a very dangerous southern border in a great while to help stop the massive inflow of drugs pouring into our country. i believe it goes on to the democrats shut down the government over amnesty and border security, et cetera. the president taking a strong wind this morning. next one, an army that suing because the scalpel was left in him for four years. >> 61-yard glen turner had surgery in 2013 at the veterans hospital in west haven, connecticut it wasn't until last year he went back to the same hospital saying i've been feeling dizzy. ordered an mri for us had. during that examination he started complaining of stomach injury or senate enemy taken extra and that's what they saw. he suing the u.s. department of veterans affairs and if they cannot testify damages. what is really disturbing when you get into the stories the national ins

elinications, comcast lilly and company, epson, macy's , rai,ercard, pepsico ,ber, verizon, walmart, viacom and facebook. let me say a few words about reginald mcknight. he is the head of u.s. public policy a facebook. ofhas more than a decade experience as a lawyer and policy pfizer. he has counseled major corporations on a range of matters regarding public policy, government affairs, investigations and litigations. as the head of public policy, he is responsible for the strategy of the company's multibillion-dollar program and for to work on cutting-edge issues. he has been a leader in our community and he has demonstrated time and time again a commitment to service through his involvement in various activities. among other things, he serves on the board for the university of south carolina business school, the fellowship foundation and a former board member of duke university school of law alumni board. carolinative of south and his wife and he resided in virginia with their 20-month-old son and attend effort street baptist church. alfred street baptist church. >> good morning. that hasn

viacom. and, as reginald mcknight comes to us, a lead partner, facebook. me say a few words about reginald mcknight before he comes. of u.s.e head infrastructure public policy at facebook. than a decade of experience as a lawyer and advisor. he's counseled major corporations on a wide array of public policy,ng government affairs and complex investigations and litigation. and as the head of u.s. infrastructure public policy at he's responsible for the government affairs strategy multibilliony's dollar infrastructure program. and for its work on cutting edge the intersection of law, policy and technology. our been a leader in community, in the community at large, and he's demonstrated time again a commitment to service, through his various civic activities. among other things, he serves on the university of south carolina business school, the international museum, theican abramson scholarship foundation and he's a former board member of duke university school of law alumni board. native of greenville, south carolina. his wife and he reside in alexandra, virg

air, uber, verizon, wal-mart, viacom and as reginald mcknight comes to us, a lead partner, facebook. let me say a few words about reginald mcknight before he comes. he is the head of u.s. infrastructure public policy at facebook. he had as more than a decade of experience as a lawyer and policy advisor. he's counseled major corporations on a wide array of matters involving public policy, government affairs and complex investigations, and litigation. and as the head of u.s. infrastructure public policy at facebook, he's responsible for the government affairs strategy of the multi-billion dollar infrastructure program and for its work on cutting-edge issues at the intersection of law, policy, and technology. he's been a leader in our community, in the community at large. and he's demonstrated time and time again a commitment to service through his involvement in various civic activities. among other thing, he serves on the board of the university of south carolina business school. the international african-american museum, the abramson scholarship foundation and he's a former board mem

disney deal pending right now and at&t/time warner i think it's a hedge as well, especially with cbs/viacom you simplify the structure, have aid controlling owner and i think you want to be able to funnel resources to those kind of survivor networks and studios that will be able to live in this new world. >> do you think we're closer to the beginning than the end of this consolidation process >> i wouldn't say we're close to the beginning just because there aren't that many players you know, it's not as if there's two dozen players that have to be rolled up but i think we're right in the thick of it. i think it could be one of these compound type deals. discove discovery/scripps getting together. >>> wholesale shelves empty. workers say the problems began before amazon bought the chain and have to do with change in inventory. we can only look at amazon shares kroger was up 1.5% how big of a problem is this >> it seems like it's a problem for shoppers and at the store level. i recall, though, before amazon was involved, before amazon bought whole foods, the activists pressuring whole foods,

. >> lets get to the opening bell and s & p, it is xerox and nasdaq and viacom. >> don't you love the fact that we got two companies that are very much in the news and very much in the air but i like to see team's spirits all the time. >> absolutely. >> when you decide to destroy it, great american company by letting them dump whatever they want take a look at other household names. look at that, you cannot compete on sheriwisherwin-williams they have been able to dump those machines it would be terrific to see whirlpool be able to have a leg up against competition >> you were tweeting this morning about morgan stanley have been busy looking at chips and raising their estimates on smd by 10% >> doctor sue, come on now talk about this they say a secondary play is on n nvidia amd got some financial with a bar partner. i continue to like nvidia, they have machine learning. gaming is so huge in this country. we have not talked about it enough for the most part, people game and that's what they do and they go to wing stop. >> nice number today you mentioned facebook and the charitable trus

. >> we put forth comcast, amazon and a combined viacom. he pled the fifth when it came to amazon. he said he was working a lot with amazon already and with comcast, our parent company. he said that would make a lot of sense. >> i continue to wonder whether this companies such as amazon want to poke their head up for a deal also cost of production for lions gate given the competition they faced from netflix and the willingness for them to dole out so much money is becoming much more of an issue it will be curious to see if it does figure into consolidation given what you're talking about and what he was. >> he was frank about talking to people all the time. you want to do what's best for shareholder value but it seems a little more forthcoming. >> we never talked about megan >> we'll have to do it tomorrow. >> that's a story. >> sit a story >> when we come barck, amazon getting its most bullish call yet. it can power your apps with public services without starting from scratch. it brings your business up to speed, doing more with systems you have in place. it can bring all your app

the daughter of media mogul renewing report to merge the company, both cbs and viacom up. new ad measurement tools, advertisers will be able to know which ads are watching in ruku streaming devices. the market kind of likes it. a bunch of streaming news. mogul rights that is to nba league pass, verizon, nba, they will team up to make original programming. yahoo, they will stream sunday's nfl championship games. scott, all the streaming. >> it's all about streaming. you know what i love about the story, it's what amazon and facebook did, they are starting to stream sports materials along the creation of content, they are broadening their base, that's what's good about streaming stuff. like you said, some people are cutting the cord on comcast, grow to yahoo or facebook to catch sports events. stuart: chipotle, they have quietly raised prices in all of their restaurants nationwide. i'm surprised that they have the price in power to do that. liz: food truck is down because of the food borne illnesses, multiple instances last year, raising 5 to 7%. burrito chicken, whatever, 3

distribution and reaching consumers so i think there's a lot of talk now about what's going to happen with viacom and cbs. what's going to happen to some of these smaller players like lion's gate who are considered for -- >> that's along the smaller end. the reason i ask is when you think about lion's gate, people say where's amazon where's apple? where's google >> well, amazon -- >> my larger question is if one of those players becomes the buyer of any of these other companies are we back in the same conversation that we're having right now about time warner/at&t? >> well, look, i think if amazon or apple were to buy a company like lion's gate for a company of the size and scale of amazon and apple, a lion's gate acquisition would not be massive for them it would be a way to grow their media industry, but i think if you're asking about the question of competition and concerns about antitrust, the industries are all converging right now you're seeing the tech industry, the media industry all compete with each other in ways that they haven't before which is why you have at&t, you know, defending i

quicker and they go into the out-patient -- >> what did you make of the merger between cvs and -- >> viacom? >> cvs. >> cvs. >> aetna i was thinking cvs/aetna does that seem to be the future to you do you think that's where all of this is headed >> we have four of those centers now and we have an agreement to build 38, 39 more of those we have the partnership where target is also linked with cvs so it is all about looking at a different way of accessing care and so if you believe that there is a large segment of society and/or consumers will be willing to entertain another entry point into health care, then it's a valuable -- >> what about amazon what role amazon is going to play in the future, whether it be in drugs or other parts of the business >> well -- >> is that a conversation in your board room? >> yeah. i mean, from my view, it would be wonderful, quite frankly, because organizations like amazon are thinking very differently from the traditional health care industry i am not here to defend the current state of the industry. >> kaiser-permanente is not -- cannot be replicated can wh

he just doesn't like the talk of cbs and viacom merging a it could harm long-term valuations. though neither company has commented, the firm did reduce its price target $63 from 70. shares of cbs off 2%today. starbucks also downgraded. bernstein is wnading it from half calf to espresso. the firm's growth in china i not enough to offset slowing u.s. sales. the price target cut to $64 from 67. the stock fell more than 1 1/2%. >>> allergan was upgrad by barclays. it increased it from overweight to e weight. strength in its botox business and says the stock is undervalued at current levels. the price target lifted to 220. it was up fractionally today from 187 a share. ubs downgraded wynn resorts folling theeport friday of allegations of sexual misconduct against company founder and steve wynn. the analyst cites increased risk to its outlook and the increasing scrutiny of regulatory agencies. shares of wynn fell9% in trading today. >> that decline in wynn shares today follows a 10% drop on friday whehat news broke about wynn's alleged sexual misconduct. wynn denies the allegations