big news les moonves on the call. business as usual. nothing to see here. >> thank you all of our guests, stephanie link and bill cohen and thank you to mike santelli as ever. that does it for "closing bell," "fast money" begins right now. >>> this is "fast money," you've been watching the coverage of the call with ceo les moonves for the first time since a bombshell new yorker reporter brought up allegations of misconduct he did not address those allegations. the q and a is starting and we will have more on that as it develops and good to have you with us tonight. we are starting with a historic day for apple and a historic day for the market and the first u.s. company to be worth $1 trillion and closing above that level. let that sink in a trillion dollars and the stock smashing records as it jumped to an all-time high and it's been quite a high for the california-owned company and founded by the late stev

les moonves will be on the call. we'll have this live on fbn and their earnings and shares jumped 6% and revenues up. will people be asking more about the numbers or more about less menendez role as ceo and chairman? >> investigation is underway as the allegations so we will see what happens but that will be on fbn at this hour. david: let's bring in jason rodman. david deats from point you wealth. david we all have our apple stories. mine is that i bought a share of apple stocks back in march of 2009. that was at the bottom point of the session. i quadrupled my money and sold it off and thought i was doing great. i sold it off for about $300 whatever was back then and it cut its share price and since then it's done a lot of stuff. it's $1 trillion. what is the market implication of what has happened to apple today? >> certainly steve jobs created in steve cook is taken to the next level as shows the power or you can do with the great product. over the last year they hadn't sold any more units. they just recently rai

cbs and les moonves are suing shari redstone the trial coming up in october. this entire conference call we've been listening to for 30 minutes, limiting to financials, digital growth. post-market, viewers see on the screen. the stock is moving lower. obviously some people wanted to hear some comments on these allegations of sexual harrassment. and investors also wanted to hear some comments on how they see this court, this legal battle going, liz, in october. liz: deirdre going back on the call. deirdre bolton. bring in fox business's charlie gasparino, breaking all sorts of stories on this. charlie, this corporate soap opera keeps getting worse. les moonves is not talking about it. >> as we first reported last tuesday he was planning to be on the call. we kept reporting that our sources inside cbs said he was planning to be on the call. he is on the call. he spoke on the call. they started off with a disclaimer on advice of counsel they can't speak about the sexual misconduct allegations but we point out it has been joe ianniello and les moonves speaking so

when you think of cbs, you think of les moonves, and vice versa. he really is critical to not only the strategy of the company that also the day-to-day operations. scarlet: cbs just reported. $1.12 which is a penny higher than what analysts anticipated. threee for the quarter is $.47 billion. a touch higher than the billion. of $3.46 second-quarter entertainment billion.as $2.37 that was in line with what analysts are to survey to -- that is in line with what analysts anticipated. julie: here's les moonves in a statement making comments and giving us a number of different metrics. he says the company is performing well and he says each of our three revenue types enjoyed a solid growth. he said subscription fees led growth. we continue to see healthy gains in digital platforms. he is also talking about subscriber growth. their goal was a million subscribers by 2020. -- 8 million subscribers by 2020. he says we are on track to hit that number in 2019. advertising is up 2% for the quarter he says. the things he is trying to highlight to the statement

with cbs chairman les moonves fighting for his job. one of his own stars speaks out. >> i like working for him. but accountability is meaningless unless it's for everybody. whether it's the leader of a network or the leader of the free world. howie: i'm howard kurtz and this is "mediabuzz." [♪] president trump has been denouncing the mueller investigation for many months. but this week he caused a media explosion by ratcheting up the media on jeff sessions. he said the attorney general should stop the witch hunt right now before it continues to stain our country any further. joining us. mollie hemingway. gillian turner and capri cafaro. a "washington examiner" contributor and former democratic senator in ohio. he's suggesting his attorney general blow off the fact that he recused himself for ethical reasons. is the media storm around this justified? mollie: it's good to talk about this. but we need media people who understand how donald trump speaks. after two years of seeing him speak in public and seeing his tweets you would expect

ceo les moonves as is on the company's conference call right now. charlie gasparino was on the call and he joins us with an update. we are wondering whether he was going to join the call and there he was. charlie, has he been asked about the elephant in the room? >> he hasn't taken questions. we should give our sister network, fox business network, credit here. the photo and only to report that les moonves was planning to be on the call. >> trish: give your credit because that was your reporting. >> the stock spiked on the report today. countdown to the closing bell because of the notion he was going to be on the call. he's not going to answer questions if he is asked about the sexual misconduct allegations that appeared in the new york. -- new yorker. adam townsend opened up saying he's going to stick to the script on earnings and everything else. when this is concluded, after this ceo les moonves as just finished speaking, the coo is speaking. after they are done, questions begin. you never know who might slip something and that's a little bit off

where apple goes from here after becoming $1 trillion in value >>> a big test for les moonves, the cbs ceo avoiding any questions about sexual misconduct. >>> china's stock market just lost a global ranking, and it's thanks to a trade fight with us. >>> shake shack is getting whacked this morning. >>> and we are hours away from the jobs number. what you need to watch it's friday, august 3, 201, "worldwide exchange" begins right now. ♪ >> good morning. welcome from wherever in the world you may be watching. i'm brian sullivan so glad you're joining us. you can see not a lot of help in the futures right now. dow indicated down nasdaq indicated up. i think in a technical term it means it's anybody's guess which way the market goes today. we have to watch apple you know the news, apple becoming the first company in u.s. modern history to hit $1 trillion in valuation. apple slightly lower this morning. 207.04 per share, that gives it the trillion dollar evaluation we had petro china hit a trillion dollar valuation a few years ago. it lasted about a cup of coffee and then went over a clip.

from his cbs show. >> les moonves is my guy and i like working for him. but accountability is meaningless unless it's for everybody. >> reporter: moonves saying in part i recognize there were times decades ago i may have made some women uncomfortable by making advances. those were mistakes and i regret them immensely and i never nyon. said we do not believe however that the picture of our company created in "the new yorker" represents a larger organization that does its best to treat its tens of thousands of employees with dignity and respect. moonves, who is staying in place during the independent investigation is expected to speak at a cbs earnings call on thursday. nbc news, new york. >>> alarming new developments in north korea. despite kim jong-un's agreement to halt all missile and nuclear testing, his regime is secretly building ballistic missiles capable of reaching the u.s. andrea mitchell with that story. >> reporter: tonight, generals from north and south korea meeting at the dmz to ease tensions, now stunning intelligence kim jong-un is secret

les moonves facing sexual misconduct allegations. in fact, he is not stepping down yet from his post or at least for this second from the earnings call. fox business network is going to take the call live at 4:30 pm to see if he addresses any of these allegations. stay with us, it is charlie gasparino who broke the story on tuesday that les moonves would be on the call. what are you hearing? >> i'm always going to hedge this because i believe it when i see it. it is a hot story. meaning that there's a lot of focus on les moonves, his features a stapler he's got serious allegations. but i would say as of and a half hour ago, the word we are getting from cbs insiders is that les moonves will be on the call. again, i believe it when i see it. may be the word did not filter to my guys that are telling me he has decided to not do this amid this sexual misconduct scandal but you know, as of and a half hour ago i've been told that he will be on the call. here is the real question, liz. i know we are covering this live. he might not say much

les moonves didn't touch the two big issues hanging over cbs. and analysts didn't ask after the company said on the advice of counsel the call would be limited to quarterly results instead, analysts and moonves focussing on the company's stronger than expected earnings growth and news that streaming services cbs all access and show time are growing faster than expected with 16 million subscribers by 2022. moonves talked about political to advertising and legalized sports betting driving higher rating and advertising to possibly buying new stations but in a number of analysts notes out this morning, the allegations loomlarge. the reremains is cbs remain a compelling investment without moonves. not a question about a succession plan on yesterday's call over to you. >> thank you >>> all right. coming up full recap of this morning's big jobs number that has taken down the futures a bit. and "squawk on the street" more on cbs more on les moonves with jim stewart. my ambition is to get my 8 hours. because a head full of work... a husband who snores wi

a new report says cbs knew about sexual harassment allegations against its chief executive les moonves months ago. did the network try to sweep the allegations under the rug? we'll discuss next. salads should look like this. crisp leaves of lettuce. freshly made dressing. clean food that looks this good. delivered to your desk. now delivering to home or office. panera. food as it should be. panera. ♪ ♪ our new, hot, fresh breakfast will get you the readiest. (buzzer sound) holiday inn express. be the readiest. you'll make my morning, buty the price ruin my day.ou? complicated relationship with milk? pour on the lactaid, 100% real milk, just without that annoying lactose. mmm, that's good. chicken! that's right, chicken?! candace-- new chicken creations from starkist. buffalo style chicken in a pouch-- bold choice, charlie! just tear, eat... mmmmm. and go! try all of my chicken creations! chicken! - ( phone ringing )es offers - big button,lized phones... and volume-enhanced phones. get details on this state program. visit right now or call during business hours. by living off the gr

and we know les moonves still is in charge over at cbs. while this independent investigation is now under way. but as for that commission he helped start, eva? >> reporter: well, he has chosen to step down from that commission. it's a high profile commission made of top media execs aiming to eliminate sexual harassment in the workplace. david, he turned in his resignation to the group this week. >> all right, eva pilgrim continuing to follow this story for us. eva, thank you. >>> tonight, day three in the trial of former trump campaign chairman paul manafort. heidi washkuhnch t testify inin processed manafort's personal and business expenses, but testified she did not know about more than a dozen accounts he allegedly held overseas. prosecutors showed manafort's financial documents submitted to banks for potential loans. the bookkeeper testifying they differed from the version she had generated for manafort. >>> there is still much more ahead on "world news tonight" this thursday. the first american company now worth a trillion dollars. it

three aligned and four supported les moonves in his battle with national amusement and while they're doing this investigation moonves won't be involved and managed by the board and they have hired these two law firms. i think there will be a lot of scrutiny and focus making sure the two law firms and investigations done independently and not influenced by the board >> hey, tom, all of the commentary out of the side today has very little to add about the leadership, as they put it and uncertainty over leadership. they will go back to all access subs hitting $8 million in '19, the unbelievable upside, as moonves put it on sports betting. we only have a few states online so far how much can the street ignore some of these encouraging internals while this is going on >> i don't think they're ignoring them. they're important things to point outbecause cnbc has really positioned itself to outperform what a broadcast network facing the kind of headwinds the traditional media is facing should perform les deserves and enormous amount of credit for that positioning when i was president of nbc

vonnie: what happens to les moonves in the short term? what happens to him short term does he remain in position until -- for further quarters? >> my guess is he will eventually leave. will he leave at the timing of his own choosing or will it have ?o play out over prolonged time and he will just hang on as long intos has not folded viacom. bob baker will run the whole thing between viacom and cbs. caroline: looking at how viacom , over theerformed past decade, viacom is significantly underperformed, how concerned are you about a business joined together? what do they need to focus on going forward? >> there's not a lot of confidence the companies on a combined basis will do particularly well. that is baked into the price of the stock. they are part of a broader industry, television, and melting iceberg. it is massive, experiencing erosion. it is not going away. the least that alternative for most marketers who rely on it today. there are so many factors constraining growth. consumers may be don't want to , oras much as they used to likel

by the way, let's point out wall street likes les moonves. you know what? les moonves has been good for the company. >> that's fine. >> that is worth acting. are you going to be there, et cetera. >> you're absolutely right. we should point out, the stock has been down. don't know what it is doing today. trish: it is down again. >> we've been talking about down for the past five trading days. the only time it spiked up when we were first were reporting kept reporting that moonves was planning to be on the call. why is that? wall street likes moonves, there is excity essential threat to moonves being there. without getting into legal details you have to ask the question. why didn't analysts do it this is old thing in wall street. i did a book and published it. trish: blood on the street? >> blood on the street. >> i loved it, charlie. >> conflicts of wall street. they get paid i about firms they are covering. they get to tout access to ceos, to institutional investors buy their research, use them and credit them. that is how they make their money. so i will s

but ceo les moonves says nothing about the sexual misconduct allegations against him, and no analyst asked about it either. julia boorstin is in los angeles with more. julia? >> not a word from either ceo les moonves or the analyst on the call about the two elephants in the room. the allegations of sexual misconduct or the legal battle with controlling shareholder sheri redstone and her national amusements everybody steering clear after the chief said in light of pending litigation the questions would be limited to quarterly results, and that council could be the two newly named law firms leading the investigation into sexual misconduct against les moonves. and nancy kesenbom will lead the probe. writing, quote, we admit while we have no clue as to what will happen here we do know that cbs stock at this point in time is simply uninvestable. gugen hiem with a birating siing, quote, we understand the uncertainty surrounding the situation and the importance of leadership for the company we'll see what the investigation yields back over to you >> julia, thank you. earlier this week the t

les moonves has been synonymous with the company. he is cbs. lisa: just to bring you the tweet, we want to pull it up. it is on my screen here. ronan farrow is telling stories that he has a story coming in a week or two, stay tuned. this is the tweet that moved cbs shares. that idea back to that cbs on les moonves narratives are so intertwined. and so much of the futures is at stake even sherrie redstone's intent to march the companies. >> exactly. people are worried about the succession plan. leslie buzz has not set aside anyone he has said it would be his successor. him to be his number two if the companies were merged. but the market does not i that at the moment. he has never run a company. he is not the cfo. he is the coo. there could be a leadership vacuum. time the hottest event and will be their earnings call. what are we expecting? nabila: muslim does is going to be on the call. lisa: wow. scarlet: very carefully lawyered. nabila: i'm sure he will. the board came out and said they appointed a couple of law firms to look into these alle

big news les moonves on the call. business as usual. nothing to see here. >> thank you all of our guests, stephanie link and bill cohen and thank you to mike santelli as ever. that does it for "closing bell," "fast money" begins right now. >>> this is "fast money," you've been watching the coverage of the call with ceo les moonves for the first time since a bombshell new yorker reporter brought up allegations of misconduct he did not address those allegations. the q and a is starting and we will have more on that as it develops and good to have you with us tonight. we are starting with a historic day for apple and a historic day for the market and the first u.s. company to be worth $1 trillion and closing above that level. let that sink in a trillion dollars and the stock smashing records as it jumped to an all-time high and it's been quite a high for the california-owned company and founded by the late steve jobs and steve wozniak in 1976. the first model of its computer launching the following year the apple 1 to the mac to the ipod a

which tech stocks may you have missed out on, should you get in on these >>> plus les moonves avoiding questions about the sexual letis t calgaononhebs call. why didn't analysts press the issue? that's coming up on "power lunch. and american express has your back every step of the way- whether it's the comfort of knowing help is just a call away with global assist. or getting financing to fund your business. no one has your back like american express. so where ever you go. we're right there with you. the powerful backing of american express. don't do business without it. don't live life without it. are you ready to take your then you need xfinity xfi.? a more powerful way to stay connected. it gives you super fast speeds for all your devices, provides the most wifi coverage for your home, and lets you control your network with the xfi app. it's the ultimate wifi experience. xfinity xfi, simple, easy, awesome. >>> apple's market cap hitting the $1 trillion mark but it may not be the only trillion dollar u.s. company for long. dominic chu is looking at other companies. we call them the m

les moonves is set to be on the earnings conference call this afternoon. this should be interesting. he is facing all kind of allegations of sexual harrassment. what he may say to analysts, we have some intel for you next. you're headed down the highway when the guy in front slams on his brakes out of nowhere. you do, too, but not in time. hey, no big deal. you've got a good record and liberty mutual won't hold a grudge by raising your rates over one mistake. you hear that, karen? liberty mutual doesn't hold grudges... how mature of them. for drivers with accident forgiveness liberty mutual won't raise their rates because of their first accident. liberty mutual insurance. ♪ liberty. liberty. liberty. liberty ♪ [music playing] (ceo) the employee of the year, anna. (vo) progress is in the pursuit. audi will cover your first month's lease payment on select models during summer of audi sales event. trish: cbs reporting earnings after the bell. coming as the board hires a law firm to investigate harrassment allegations against chairman of the company, les m

but also les moonves is very paufl. we are talking about the consolidation of power over years. the head of a network, someone extremely powerful. and these -- and the instinct of these companies is button down the hatches. go to the mattresses any other metaphor you might want. no, no we did never did anything appropriate. our kurmt is great. but if you read the new yorker piece there were harrowing ails of less moonves not only making unwanted sexual advances but enacting vengeance against women who rejected him. and there were economic and professional repercussions as a result that derailed many careers. so this is serious. and it wasn't just moonves. the larger question is the. >> right. >> the per missive atmosphere at cbs for men who misbehaved. and the tenure of jeff bigger from 60 minutes is called into question with the reports. and i will add that this is not the first time. this may be the first time the reports are officially coming out. but it's hardly not the first time -- it's hardly the first time that, you know, reporters have been investigating. >> right. and

>> there's a lot on the line for les moonves. just last year, he signed a new employment agreement that stands third made 2021 -- through mid- 2021. if you step down tomorrow or if the board fires and for cause, he could lose out on as much as $300 million. ♪ has becomea tower the second high-profile company in a month to price its hong kong ipo at the low end of the range, with this sales set to raise $6.9 billion usd. xiaomi a little bit. is this a softening trend? >> get has definitely been receiving -- in terms of the mega ipo's that have been priced in the past month. two highly unusual that deals of this size priced in comparedaugust -- but to deals like six or eight months ago, like china literature, like good doctor, the reception has done a lot. ♪ >> starbucks is teaming up with alibaba to strengthen its position in china. they are working to improve food and coffee delivery, and starbucks is opening it will help stem a decline last quarter in its second-largest market. >> we are in a phase of growth in china where i

lea: how a is cbs moving forward with the investigation into his ceo les moonves. >> two offerings into the misconduct allegations about chairman and chief executive les moonves, cbs is another cultural issues that appeared in the company also said the board has a special committee to help the investigation and les moonves will have no role in it. it reports earnings after the closing bell today. shares are down more than 10% so far this year. let's talk about parent. they are apparently hiring a tutor for their kids, but it's a very controversial thing they're doing. >> a higher math tutors can i piano teachers. now they are hiring coaches to make their kids better to video game which has become extremely popular in the last year according to game right, than 1400 coaches have been hired since march. most rates depend on the coach but can cost anywhere from $15 to $50 an hour for three to four hours of coaching. had he become the videogame coach? train to what her parents thinking? coach them on math and science skills in english. lea: i read one player, this guy tyler blevins who make

moonves months ago we have the latest plus les moonves expected to speak on the earnings call that's expected to take place r e bell today will he address the issue? every fire department every police department is part of a bigger picture. that bigger picture is statewide mutual aid. california years ago realized the need to work together. teamwork is important to protect the community, but we have to do it the right way. we have a working knowledge and we can reduce the impacts of a small disaster, but we need the help of experts. pg&e is an integral part of our emergency response team. they are the industry expert with utilities. whether it is a gas leak or a wire down, just having someone there that deals with this every day is pretty comforting. we each bring something to the table that is unique and that is a specialty. with all of us working together we can keep all these emergencies small. and the fact that we can bring it together and effectively work together is pretty special. they bring their knowledge, their tools and equipment and the proficiency to get the job done. an

>> there's a lot on the line for les moonves. just last year, he signed a new employment agreement that spans through mid- 2021. if it were that he steps down tomorrow, or if the board decides to fire him for cause, he could lose out on as much as $300 million. >> the china tower has become the second high-profile company in a month to price its hong kong ipo at the low end of the range, with the sale set to raise $6.9 billion usd. it looks like china tower following the footsteps of xiaomi a little bit. is this a softening trend? >> it has definitely been following xiaomi in terms of ipo's posted in the last month. it's highly unusual that two deals of this size priced in july and august -- but compared to deals like six or eight months ago, like china literature, like good doctor, the reception has definitely wind down a lot. >> starbucks is teaming up with alibaba to strengthen its position in china. they are working to improve food and coffee delivery, and starbucks is hoping the tie up will help stem a red sales declined las

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les moonves does not. they're in a pitched court battle. he wants to essentially break off, sell to somebody es. the question you ask is very relevant. did she plant the story? david: and? >> my sources doesn't say know. that doesn't mean ronan farrow didn't go to her for help. give you idea, i don't cover -- david: ronan farrow is the journalist came out with the story. >> let me explain something to you, this is out there that she might plant this investigative reporter a long time, i've been doing, i don't cover this stuff, namely "me too" movement, ronan farrow does, when you cover big stories and do one big story, other stories generally come to you. not like someone has to plant it. when people see in his case, when he was writing about harvey weinstein, various women, many prominent hollywood actresses being cited and quoted, other women see that and they call him. david: they feel empowered. maybe i can do the same. >> same thing when i was covering merrill lynch and morgan stanley and goldman sachs, city group, financial crisis, pe

. >> mum is the word cbs delivering a quarterly beat with les moonves stays silent on sexual misconduct allegations. >>> and the trillion dollar apple. tim cook calling it a significant milestone. the question remains, who is next >>> straight to the july jobs number 157,000 is lower than expected unemployment rate fell hitting 3.9. the near the lowest level in nearly 50 years. rising tensions on the trade war. china saying it's preparing to retaliate with tariffs on about $60 billion worth of u.s. goods. the tariffs ranging from 5 to 25% on everything from wine to agricultural, semis, chemical products and the revisions, by the way, may of '24 and june of '35 more than get to what you were expecting for july. >> if you smooth it out in the first half of the year, we averaged 224,000 jobs per month. that's even better than 2017 it's impressive at this stage of the economic recovery. tenth year into an expansion to see that kind of jobs growth as far as the break down for the month of july, pretty healthy. saw 37,000 jobs created in manufacturing. construction was strong. services was lo

when you think about cbs, you think about les moonves. usually intertwined with the success of cbs on a day-to-day basis. not only is he a strategic executive officer, he really gets into the weeds, particularly when it comes to picking which shows make it on the air for cbs and showtime. he is absolutely critical to the success of cbs. clearly investors would like to see him remain, remain in a way that would not be distracting to the company. we have to see of his plays out. amanda: the other factor is the fight he and the directors are in with sherry redstone's national amusements. if he has to go, it is over. he believes that fight. what are the implications for the stock in that scenario? paul: i think you are right. if you were to leave for whatever reason, that would increase the odds redstone would be able to merge viacom with cvs. -- cbs. cbs is the stronger company and it would really -- they really have a lot of leverage here to drive a strong, positive deal for their shareholders. it comes down to what price would cbs be mergi

>> there's a lot on the line for les moonves. just last year, he signed a new employment agreement that spans through mid-2021. if it were that he steps down tomorrow, or if the board decides to fire him for cause, he could lose out on as much as $300 million. >> the china tower has become the second high-profile company in a month to price its hong kong ipo at the low end of the range, with the sale set to raise $6.9 billion usd. it looks like china tower following the footsteps of xiaomi a little bit. is this a softening trend? >> it has definitely been lukewarm receipt following xiaomi in terms of ipo's posted in the last month. it's highly unusual that two deals of this size priced in july and august -- but compared to deals like six or eight months ago, like china literature, like good doctor, the reception has definitely wound down a lot. >> starbucks is teaming up with alibaba to strengthen its position in china. they are working to improve food and coffee delivery, and starbucks is hoping the tie up will help stem a red s

>> there's a lot on the line for les moonves. just last year, he signed a new employment agreement that spans through mid- 2021. if it were that he steps down tomorrow, or if the board decides to fire him for cause, he could lose out on as much as $300 million. >> the china tower has become the second high-profile company in a month to price its hong kong ipo at the low end of the range, with the sale set to raise $6.9 billion usd. it looks like china tower following the footsteps of xiaomi a little bit. is this a softening trend? >> it has definitely been following xiaomi in terms of ipo's posted in the last month. it's highly unusual that two deals of this size priced in july and august -- but compared to deals like six or eight months ago, like china literature, like good doctor, the reception has definitely wind down a lot. >> starbucks is teaming up with alibaba to strengthen its position in china. they are working to improve food and coffee delivery, and starbucks is hoping the tie up or help stem a red sales declined last

another woman who has come forward against cbs chairman and ceo les moonves. what she told police. and why the d.a. in los angeles says it will not pursue the case. >>> facebook tonight and the new warning. what they say they have now uncovered. americans targeted. the meddling all over again. >>> the parking garage collapse. more than 20 vehicles crushed. they sent rescue dogs in searching for possible victims. >>> and alan alda going public with his private battle. >>> good evening. and it's great to have you with us here on a very busy tuesday night. and we begin tonight with the images coming in right now. we have learned shortly before we came on tonight of a plane crash just south of the border. nearly 100 passengers onboard, several crew members. that passenger jet crashing just after takeoff. the flight from durango to mexico city. it's believed the pilots were trying to abort the takeoff, that there was some bad weather. but when they tried to halt the takeoff, it was too late. and just moments ago, the governor there tweeting, saying everyone survived this, even with flam

what do you think happened if les moonves left cbs? >> company already lost $2 billion in the market cap last thursday, when cf news 13 came out on friday. i definitely think he has been a integral part. david: up a little today, forgive me, but go ahead. >> he is integral part of the cbs culture and the business there. so i definitely think it would be a negative for the company if he does have to depart. i do agree that sure, analysts should have absolutely expected, should have asked, what is the succession plan on this earnings call. but i don't think they were ever going to get answers about the allegations. david: they probably wouldn't have, would be noise to hear at least one question, even if they got no response. good stuff. appreciate it. >> the clock has run out. secretary of state mike pompeo overseas demanding turkey release a evangelical pastor they're holding captive. we're live at the state department for more what happens left. david: knew reports of democratic socialism across the rise across the country. one sociali

>> there's a lot on the line for les moonves. he has -- just last year, he signed a new employment agreement that spans through mid- 2021. if it were that he steps down tomorrow, or if the board decides to fire him for cause, he could lose out on as much as $300 million. >> the china tower has become the second high-profile company in a month to price its hong kong ipo at the low end of the range, with the sale set to raise $6.9 billion usd. it looks like china tower following the footsteps of xiaomi a little bit. is this a softening trend? >> it has definitely been receiving a lukewarm receipt in terms of the mega ipo's posted in the last month. it's highly unusual that two deals of this size priced in july and august -- but compared to deals priced like six or eight months ago, like china literature, like good doctor, the reception has definitely wind down a lot. >> starbucks is teaming up with alibaba to strengthen its position in china. they are working to improve food and coffee delivery, and starbucks is hoping the tie up w

be real clear, les moonves was on the call. made me feel good that we broke the story he was likely to be on the call. where i think the whole process broke down not on the cbs end. you expect cbs to tell analysts listen we'll not answer questions about ongoing legal issue which is the sexual misconduct allegations first appeared in the new yorker, and being investigated by cbs outside law firms. what you don't expect every analyst not to ask a question tangentially related. there is lot of stuff related to this existential for the stock and company. number one you have to ask them, this is not anything that is -- this isn't a legal question. where is the succession plan? who is it? where do you go from here? and, by the way you also have to ask them about the shari redstone controversy that moonves is directly involved in. that impacts the future of the stock, near-term future. shari redstone, controlling shareholder wants to basically merge ybs, one of the companies its owns with another companies it owns which is viacom. moo

liz: now the producers are really upset. >> and les moonves is sitting there with a little treat. here you go guys. i'll answer your questions and you too, mr. stupid because i like you when you are groveling. liz: they don't want to shut up. [crowd boos] there's another investigation of the newsroom, the newsroom culture involving alleged actual misconduct so it's not alleged but that came out today and that should end in a month i am hearing. liz: you wrote about. we should show it just be nice. >> blood on the street. liz: about analysts and progre progress. >> to get paid by the company's. liz: they're supposed to be - >> they get paid by the companies to - anyway the book is ten years old but anyway it shows you how old i am. liz: so is the iliad and odyss odyssey. [laughter] >> nothing is changed as evidence by the earnings call and there still lack dogs. liz: charlie, thank you for closing bell ringing in seven minutes. the equation and this is important, the warren buffett scrutinizes the towson whether a recession is coming. how does that look right now? will do the math

and we know les moonves sitill s in charge over at cbs. but as for that commission he helped start, eva? >> reporter: well, he has chosen to step down from that commission, it's a high profile commission made of top media execs aiming to eliminate sexual harassment in the workplace. he turned in his resignation this week. >> eva, thank you. >>> tonight, day three in the trial of former trump campaign chairman paul manafort. she processed manafort's personal and business expenses, but testified she did not know about more than a dozen accounts he allegedly held overseas. prosecutors showed mana farther's financial documents submitted to banks for potential loans. the bookkeeper testifying they diferred from the version she generated for manafort. >>> there is still much more ahead on "world news tonight" this thursday. the first american company now worth a trillion dollars. it happened today. and you might have helped. >>> also ahead, look at this. the images today. that daycare scare playing out. a man barricaded inside. children, very yo

we should point out though, listen, here's the thing, les moonves is an excellent ceo. look at his record. wall street generally likes him because he's good with numbers, the media industry likes him because he's a good programmer, he was an amazing ceo, and he still is. we should also point out that the allegations that were in the new yorker are a threat to his future, and, you know, if it wasn't -- if they weren't a threat, the stock wouldn't be trading off the way it is. now, it's interesting that it's up again. is that up today? liz: no, that's not up today, that's since the 2006 moonves -- >> why don't we get an intraday -- is it down? liz: it's could be -- it's down a quarter of a percent -- >> you saw the thing when it spiked up yesterday. that was us. liz: the annual high was $67, it's now at 52. >> yeah. no, this is an issue for the stock because, you know, he's such a good ceo, investors are like, okay, when he's out of it, who's the next guy and, you know, maybe joe eye knell la, his coo, they don't think there's anybody there with his stature. it would prob

. >>> we turn now to those troubling allegatns of sexual misconduct against cbs chief les moonves. this morning, top bra at the network are speaking out.st hanie gosk here with details. good morning to you. >> good morning. in the wake of that explosive new yorker article, the scandal was fro and cente at the television critics association press tour this weeken reportered asked kelly call a buraurj of questions and he's now the first executive there to alk publicly about the allegations against les moonves, as the network decides the ceo's fate. a press tourit q&a w a cbs executive about fall programming quickly changing topics sunday to sexual misconduct allegations against cbs chief les moonves. >> very first question was related to the medicalra that got canceled, but almost every question that followed was about sexual misconduct allegations. >> cbs entertainment chiefll key bombarded by reporters with questions about sexual a miscondu the network. >> he attempted to defend the corporate culture at cbs while also trying to convey to reporters that the company is takingll sexua

les moonves tells "the new yorker" that any behavior that made women feel uncomfortable and denies using his position to retaliate against anyone. on a separate note, cbs alleging its vice chairman tried to remove a board member earlier this year after tape meeting with the father to document his failing health. >> breaking news this morning. vice president pen set to arrive in hawaii to attend the ceremony to receive the possible remains of 55 u.s. service members released by north korea. the ceremony to begin at 8:00 p.m. eastern. right now you are looking at live pictures that those remains being transferred onto planes and south korea. following the repatriation ceremony that happened there. the remains will be sent to a military lab that identifies missing u.s. troops. the vice president is the son of a korean war veteran. very emotional time for a lot of people who have family members who have served in particularly in the korean war hoping that these remains are indeed able to be identified as some of those missing american soldiers. cheryl: all right, coming up a miracle in mexic

les moonves expected to be on a conference call. it's expected to start at 4:30 eastern. last week the new yorker magazine reported that four women have accused moonves of forcible touching or kissing during meetings. two others that he physically intimidated him or threaten to derail their careers. in a statement les moonves says he regrets mistakes he made but he respected no means no and that he never used his position to hurt anybody's career. the board says they're taking no action for now on moonves while outside lawyers from two different firms investigate. deidra bolton has more. >> it's unclear whether he will be on the call. he's scheduled to be on the earnings call. in light of the allegations, it's not clear. what is interesting is that in addition to the ethics questions, there was a very big business legal loggerhead. that means he's suing with cbs the parent company of cbs to keep independent. sherry wright stone wanted to combine cbs and viacom. they were going to courtney way in october. so analysts are obviously tuning in to the call for many reasons. th

les moonves will keep his job while the board hires an outside firm to investigate. he's expected to face questions from analysts during today's earnings conference call. >>> and cupertino based apple is now the world's first publicly traded company to be valued at $1 trillion. that's 12 zeros in case you're wondering. now, this peak seemed unimaginable two decades ago. after apple brought back its once exiled co-founder steve jobs the company slowly rebound products like the ipod and eventually game changing iphone. today the stock is trading at nearly $200 per share. >>> back to school shopping time is upon us and we're live with a few tr you...and mom also gets aoss shoppiback-to-school bag? that's yes for less. ross has the brands you want for back to school. and it feels even better when you find them for less. at ross. yes for less. you know when you're at ross and you'rhello.... ...and then the price is like, helllooo! that's yes for less. find the latest trends and styles at prices that are a perfect fit. it feels even better when you find it for less. at ros

this is -- les moonves is 69 years old. he says he regrets the mistakes. >>> coming up, as crews rattled the ferguson fire, summer camps are being forced to shut down. >> i am upset. i cried yesterday. a lot of people did. >> the efforts to bring the kids home as the firefight continues. >>> looking into forecast as we head into wednesday and beyond, temperatures will be on the mild side, there will be fog consistently at the close. will have specifics after the break. >>> yosemite national park has extended its closure past sunday, due to nearby fires. the park service had hoped to reopen by saturday, the ferguson fire has burned more than 57,000 acres, tonight is -- it is 33% contained. two firefighters have died, no homes have been destroyed. >>> poor air quality is also a concern for summer camps near yosemite. >> in fact, today, some kids at the camp were put on buses and sent back home. rob roth talk to some of those campers, they are pretty upset that the summer plans were cut short. >> reporter: one by one, buses fi

cheryl: cbs quarter expected and ceo les moonves wasn't asked a single question about sexual allegations against him. charlie gasparino says this is a problem in general. while analysts are paid to advise investors, also in the pocket of the companies that they cover since firms get huge rewards from investment fees of the company. he has a good piece on fox business.com about it. cbs shares falling more than 1%, the stock is down more than 8% since allegations came to light on friday in new yorker article. lea: the elephant in the room on the call yesterday. the investors are gearing up for economic story, the july's job report, 190,000 jobs, down 23,000 from june, unemployment rate expected to take down 3.9%, 18-year low of 3.8%. big focus would be on wages, analysts estimate hourly wages raise which could spark worries about inflation, we will have complete coverage and analysis on mornings with maria starting at 8:00 a.m. eastern with job's in america special. cheryl: great panel lined upup as well. edward lawrence with the details. >> the president came out firing in his speech this

moonves. the company's board says mary jo white and nancy kestenbaum will lead that investigation. mary jo white is the former chair of the s.e.c cbs says mr. moonves will have no role in the probe cbs will release its latest quarterly results after the bell tonight. >>> a windfall the casino giant down big this morning following an earnings miss. >>> and jim cramer spoke with starbucks ceo kevin johnson about a huge new partnership in hin tha china. his comments when "worldwide exchange" returns. and teaching my kids that no ambition's out of reach. ambitions live everywhere. synchrony helps make them happen with data, insights, financing and technologies. ♪ ♪ synchrony. what are you working forward to? synchrony. show of hands. let's get started. who wants customizable options chains? ones that make it fast and easy to analyze and take action? how about some of the lowest options fees? are you raising your hand? good then it's time for power e*trade the platform, price and service that g

>> there's a lot on the line for les moonves. just last year, he signed a new employment agreement that stands -- spans through mid- 2021. if it were that he steps down tomorrow, or if the board decides to fire him for cause he , could lose out on as much as $300 million. >> the china tower has become the second high-profile company in a month to price its hong kong ipo at the low end of the range, with the sale set to raise $6.9 billion usd. it looks like xiaomi a little -- china tower following the footsteps of xiaomi a little bit. is this a softening trend? >> it has definitely been iaomi in terms of ipo's posted in the last month. it's highly unusual that two deals of this size priced in july and august -- but compared to deals like six or eight months ago, like china literature, like good doctor, the reception has definitely wind down a lot. >> starbucks is teaming up with alibaba to strengthen its position in china. they are working to improve food and coffee delivery, and starbucks is hoping the tie up will help stem a red

the controversy is growing surrounding cbs's les moonves. six women say he made unwanted sexual advances towards them. some of the sexual harassment allegations date prior to his move to cbs. he's keeping his chairman and ceo role while the investigation is under way. the white house announcing thursday it plans to freeze anti-pollution and fuel efficiency regulations that were implemented in 2012. they force car makers to raise fuel sisht is to 54 -- rule efficiencies to 54 miles per hour by 2025. california says it will fight the decision. maria, back to you. maria: the markets are continuing to aftergait the threat of a trade dispute with china. i spoke with commerce secretary wilbur ross on my morning program thursday. i asked about the administration strategy. >> the reason for the tariffs to begin with was to try to convince the chinese to modify their behavior. instead they have been retaliating. so the president feels it's potentially time to put more pressure on to modify their behavior. we have to create a situation where it's more

. >>> cbs chairman and ceo les moonves is facing a new sexual misconduct allegation. an unnamed woman filed a police report in february claiming he sexually assaulted her three times in the 1980s. the district attorney, however, has declined to file charges, saying the statute of limitations has expired. moonves is denying all allegations of sexual misconduct by six other women. >>> california's wildfire has jumped a county line. residents in the town of lewiston are more scared than ever before. here is kayna whitworth. >> reporter: hot, dry conditions stretching firefighters to the limits. the ranch and river fires scorching nearly 75,000 acres. less than 100 miles to the north, the carr fire burning its way into the record books. destroying more than 12 structures and flattening entire neighborhoods like this one. people he were sent running 0 structures and flattening entire neighborhoods like this one. people here were sent runnin0 structures and flattening entire neighborhoods like this one. people here were sent running after the fire jumped the road and raced

first this, les moonves breaking silence but not about misconduct claims, that sparked outrage, we have the latest on the controversy coming up as you can see that stock down in last couple of months. stationary bike peleton now valued at following latest fundraising round, stay with us. community organizations like united way, non-profits like the american red cross, and our nation's veterans. we knew helping our communities was important then. and we know it's even more important today. so we're stepping up to volunteer more and donate over a million dollars every day. so our communities can be even stronger. it's a new day at wells fargo. but it's a lot like our first day. maria: welcome back, new comer claiming victory in gop primary for tennessee governor, adam shapiro on headlines. >> billy actually beat three republicans to get that nod, one of them was congresswoman dianne black, lee will face democrat in november. congresswoman marsha brackburn easily winning nod for tennessee, she will face democrat phil who also won by a landslide. cbs prohibiting analysts from asking ceo les