. >>> cbs and viacom havech reportedly r a working agreement on who will lead the combined company if a merger is approved. the "wall street journal" says cbs's actingou executive over see cbs's branded assets while the head of viacom wouldk he ceo role of the proposedombined company. viacom shares were also off a fraction at 29.78. >>> to this week's market monitor who has the names of three well-known global companies that he believes have good prospects for growth in the future. alan bond is back with us. he is comanager of theerjenson quality growth fund. welcome back. >> hi. >> we start with johnson & johns johnson. we know about the lc-related lawsuits it faces. a junior in kentucky found in favor of johnson & johnson but it is only one of tens of thousands of lawsuits it still faces. i assume youis don't feel i a big overhang on this compa? >> yes, so johnson & johnson, obviously a well-known health care business with wide range of global businesses. we think all poised to grow due to an aging population globally and developments in pharmaceutical research, and the stock has be

media giants viacom and c.b.s. will merge to form a $30000000000.00 in entertainment conglomerate indian years of tie up talks viacom owns the movie studio paramount and t.v. channels comedy central and t.v. analysts that merger will allow the new company to compete with streaming services . millions of muslims have made their way to mecca as part of this year's hodge pilgrimage increasingly saudi arabian businesses are finding ways to make the most of the vast numbers of travelers coming from overseas some hotels are now catering in particular to wealthy pilgrims and offering a very special experience high ends hodge. the company in mecca is islam's holiest site for pilgrims it's the final destination at the end of a long journey and now the wealthiest among them can end a tiring day in a room like this. craft a 5 star hotels now offer a room with a who leave you to the select few who can afford it with prices starting at around a $1000.00 a night or reaching into the 10s of thousands these hotels are contributing

. >>> and after countless t on-and-offks cbs and viacom are finally merging. that's where we begin tonight's marketocus with a new company that will be called viacom cbs. it reunites both media companies th i split back 2006. the reunified company hopes to gain better foong in an industry dealing with more tv cord cutting and an increase in the use streaming services. cbs shares rose more than 1% today to 48.70 while viacom was up more than 2% to 29.21. with the ongoing trade dispute between the u.s. and china, some chinne companies have b bracing for an economic slowdown but it does not appear to be the case for jd.com, that china-based ecommerce company th i had growth sales which helped it easily beat estimatesm sharesd nearly 13% after the report today to $30.66 general electric ceo larry colt bought nearly $3 million of the company stock during the second quarter. scc filing shows that he purchased more than 330,000 shares at just over $9 eacot his holdings are now valued at $8.5 millionos ge stock more than 3% toda >>> brinker international, which is the

us entertainment giants cbs and viacom have announced that they have finalised their merger plans. the new company will have more than 28 billion dollars in revenue and comprise brands including mtv, paramount pictures and publisher simon & schuster. they will be latest in a wave of media mega mergers driven by the need for companies to restructure for the streaming era. argentina's main stock index has jumped by 10% after slumping by more than a third on monday. the merval rose along with most other latin american markets as fears of a further escalation in the us—china trade war eased. argentina's peso continued its slide on fears that the country's pro—business president will soon be ousted in favour of the populist opposition party. india's smartphone market has seen its highest second quarter shipments on record. almost 37 million handsets were sold between april and june, up close to 10% on the same time last year. us almond farmers spent millions of dollars cultivating an appetite for their products in india. but an ongoing trade dispute between the two countries threate

economy media giant viacom and c.b.s. will merge to form a 30 $1000000000.00 entertainment conglomerate ending years of talks owns the movie studio paramount and t.v. comedy central m.t.v. analysts say the merger will allow the new company to compete with streaming services nearly a 3rd of portugal's gas stations are completely out of fuel or have run partially dry as fuel tanker drivers had been striking for 2 days the drivers who are demanding better salaries and working conditions agreed to go back to work but said they wouldn't do extra time their 2nd walkout this year has raised the specter of severe problems during portugal's busy tourist season. the national guard is keeping field at post safe and it's giving convoy protection to petrol and diesel shipments to ensure basic supplies reach filling stations and airports. on the 1st day of the strike the government designated it a national emergency effectively making participation a criminal offense the dangerous goods drivers union thinks that scandalous. we're going

us entertainment giants cbs and viacom have announced that they have finalised their merger plans. the new company will have more than $28 billion in revenue and comprise brands including mtv, paramount pictures and publisher simon & schuster. they will be latest in a wave of media mega—mergers as traditional media giants take on new streaming rivals. india's smartphone market saw record sales in the second quarter. almost 37 million handsets were sold between april and june, up around 10% on the same time last year. the us airline safety regulator has banned certain models of apple's macbook pro laptops on flights, after the tech firm recalled select units with batteries that pose a fire risk. the 15—inch models were sold between september 2015 and february 2017. the federal aviation administration says it has alerted major airlines about the recall. so let's check in on the numbers. shares on wall street and in asia rallied pretty sharply after the united states announced it's delaying imposing new tariffs on some chinese imports until the middle of december. let's go to our

media giants viacom and c.b.s. will merge to form a $30000000000.00 entertainment and the years of talk to us. owns the movie studio paramount t.v. channels comedy central and m.t.v. and will say the merger will allow the new company to compete with streaming services like this. wages in the united kingdom rose at the fastest pace since 2008 with employment reaching a record in the 2nd quarter of this year and in school faster than inflation of consumers with a bit more to spend despite the positive numbers concerns over breaks that continue to weigh on the u.k. economy. now the latest figures published by china show up food from its factories is growing albeit at its slowest rate for 17 years the impact of the trade war with the u.s. is taking its toll but a white house decision to delay some tariffs the u.s. had planned to slap on chinese products gives at least some hope that tensions could be easy. the delayed tariffs if they'd hit in september would have been no laughing matter for ordinary americans for the 1

the analyst cites the deal with viacom and the new company's strategic positioning. price target is $63. >>> but not all firms agreed. bernstein downgraded cvsoday to underperform from market perform. this analyst says that cvs stands to los more from inheriting viacom's structural problems than it wou gai from any synergies. the price target there, $46, and that stock was down 8% today to 44.65, part of the sell-off today. >>> meanwhile, ferrari was upgraded fromuy to neutral at goldman sachs. the analyst cites the luxury automakers strong backlog and solid demand. price target, $182. shares fell 3% to 155.90. >>> still ead, why the magic of macy's may just be an illusion. ♪ ♪ ♪ >>> a tough quarter for cisco. the company is forecasting first quarte profit below wall streeta ess as it tries to transition away from selling routers and switches. earnings in rhe mostent quarter came in slightly better than expected and revenue was higherrom a year ago, but investors focused on the outlook, sending shares lower in initial after hours trading. josh lipton has more o

emily: viacom ceo there. coming up, softbank's massive fund makes its first ever energy storage send that set. we -- set. we find out what energy fault is with the ceo. this is bloomberg. -- vault is with the ceo. this is bloomberg. ♪ emily: softbank's massive vision fund made its first ever energy storage that, investing in energy volt -- vault. this company stacks concrete blocks in a tower that can store and release energy. it is presenting it as a solution to lithium batteries, claiming it can't supply electricity 24 hours a day. to discuss what this means for the energy storage market, i sat down with the ceo. >> we have designed an innovative new system tower. it includes a six arm crane and 35,000 metric ton bricks that are all orchestrated with a proprietary -- software set, so that is the whole system integration. we take excess energy from solar or wind when it is produced and not needed. that energy is used to raise the blocks and when the energy is needed by the grid, we lower those blocks and d

cbs and viacom finally inked a merger deal. we will talk to viacom's ceo about synergies and the road ahead. what slowing economy? chinese online retailer alibaba defies the slowdown of missed a -- amidst a trade war with sales surpassing expectations. first to our top story, it was a big week for tech ipo's with fleet work and cloudflare filing to go public. the web security company cloudflare has been in the news lately, given its relationship with controversial message board, 8chan. three alleged gunman posted manifestoes on 8chan before three separate mass shootings in the united states. cloudflare stop providing services after the latest shooting in el paso, left two dozen dead, largely taking the platform off-line. so, is now the time to go public for cloudflare? i discussed it with liliana baker and will curtain. >> like many other tech ideas, -- ipo's especially in software, , it is not profitable. it has a pretty good growth rate though. it's really trying to look at its competitor, fastly. fastly went public earlier t