controversial business relationships. plus, content kings. cbs and viacom finally inked a $11.7 billion 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 amidst a trade war with sales surpassing expectations. first to our top story, it was a big week for tech ipo's with wework 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 manifestos on 8chan before three separate mass shootings in the united states. cloudflare stopped providing services after the latest shooting in el paso, left two dozen dead, largely taking the platform off-line. so, is now the right 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

relationships. plus, content kings. we talked to the ceo about the road -- cbs and viacom finally inked a merger deal. we speak to buy comes a ceo about synergies and the road ahead. and chinese online retailer alibaba defies the slowdown of missed a trade war with sales surpassing expectations. first to our top story, it was a big week for tech ideas 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 mass shootings in the united states. cloudflare stop providing services after el paso, texas, less than two dozen dead, largely taking the platform off-line. so, is now the time to go public for cloudflare? >> like many other tech ideas, 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 this year and is doing ok. there have been some sources who were asking me why cloudflare too

, content kings. cbs and viacom finally inked a merger deal. we speak to buy comes a ceo about synergies and the road ahead. and chinese online retailer alibaba defies the slowdown of missed a trade war with sales surpassing expectations. it was a big week for tech ideas with fleet work and cloudflare filing to go public. cloudflare has been in the news given its relationship with 8chan. three alleged gunman posted manifestoes on 8chan before three mass shootings. cloudflare stop providing services after el paso, texas, largely taking the platform off-line. so is now the time to go public? >> like many other tech ideas, especially in software, it is not profitable. it has a pretty good growth rate, it is really trying to look at competitors. fastly went public earlier this year and is doing ok. there have been some sources who were asking me why cloudflare took this long to get this point. they had been preparing since the fall of last year for a public offering. emily: cloudflare is a name we have heard of the companies that will go public soon. tell us exactly what cloudflare does. in the

a big show every day. you have backish today >> we have bob of the combined viacom cbs -- >> first on cnbc you got him. you have to leave to go to where he is. >> i have to leave i know you're excited about that wh >> what time is it >> we'll do that interview at the 8:00 hour. >> it's probably one block away. >> you can get this camera over there? you can see the viacom sign over there. we'll walk across the street >> these lights take forever i would say 6:30 is a good time to go. i agree. don't you agree? this is a big show today >> big show, not only backish but wilbur ross on the day that is the deadline for the waivers for companies to do business with huawei. that's the big thing happening today. >> it's a big show one other thing, you were talking about these electronics. i want to update people. my air pods -- >> what happened >> someone told me put the right one in the left ear, the left one in the right ear it worked for this person. they work for me it's a little uncomfortable. >> what was the issue? >> they don't fit normally right and left they're too -- i think they

bring you the latest on the cbs viacom saga. stay tuned you're catch watching "squawk box" on cnbc johnson & johnson is a baby company. but we're also a company that controls hiv, fights cancer, repairs shattered bones, relieves depression, restores heart rhythms, helps you back from strokes, and keeps you healthy your whole life. from the day you're born we never stop taking care of you. you mighyour joints...ng for your heart... from the day you're born or your digestion... so why wouldn't you take something for the most important part of you... your brain. with an ingredient originally discovered in jellyfish, prevagen has been shown in clinical trials to improve short-term memory. prevagen. healthier brain. better life. >>> welcome back to "squawk box. shares of uber, they close at a record low in yesterday's session and they show no signs of recovery overnight. this coming after some disappointing second quarter results. and now some investor doubts about the long-term profitability of the stock you're looking at it now at about 36.91. i don't know what to think. i mean, is it

about uber we thought there would be a massive merger between cbs and viac viacom >> we've been waiting. if it's not today, it's this week if it's not this week, not happening. >> not happening ever? >> it's going to happen. going to happen. sherri red stone wants this deal to happen. the last thing they're trying to dot on the "is," is the exchange ratio. that's the fundamental part of this how much cbs shares are viacom worth? the last time they discussed this, 0.61 cbs shares for every viacom share that's where viacom wants it higher cbs is saying, your shares are trading with that baked in let's go back. >> and amass any executive payouts. that's all settled? >> a chance iaonelo stays on and he gets to stay and keep the money. that's what my sources are been telling me >> do you think that cbs/viacom merged is a stronger company >> yeah. if you look at the consolidation. everybody is terrified of disney right now, after acquiring fox and launching the streaming service. if you want to compete, you have to keep doing that >> i think just to get to par. i don't know if it make

points at the open. >>> let's talk cbs and viacom both beating expectations in their earnings yesterday but still no word on the expected merger julia boorstin joins us now with more >> andrew, that's right. neither cbs or viacom would comment. instead the two companies focused on their strength in the changing media landscape joe ianello saying cbs all access and their showtime app said the two apps are on track to reach 25 million subscribers by 2022. cbs all access is adding children's programming with the library over 1,000 episodes plus new original series and they are accelerating their launch of cbs and local news streaming services the viacom ceo talking about domestic ad revenue returning to growth and their studio pair mounting is on track to deliver full year profitability. he admitted the pricing of disney plus is competitive but viacom aims to play in all parts of the streaming wars as well as offering ad-supported pluto the two sides are aligned on leadership of the new back backish would be the ceo with ianello overseeing the cbs assets but the companies are still working

stamps.com/tv and never go to the post office again. >>> welcome back to "squawk box," viacom reporting 13 dollars a share. it's helped by a return to growth n in domestic ad sales. >> that stock not reacting too much on the back of this >>> a couple other stocks on the move to tell you about we have service lyft reporting a smaller than adjusted loss in the second quarter revenue rose 72% that was a beat if terms of the forecast, gaining more riders. they gained more per ride. the company also boosting its outlook for the year but then again there was a lockup and that's put pressure on it as well >> 157 million shares are eligible on august 19th to be traded. >> you will w5uatch to see ever single insideer. >> surprise, surprise, lyft and uber earnings going up now they have public market pressure on them as well >>> shares of roku surging, revenue beat estimates roku topped 30 million users live on "squawk alley" at 11:15 a.m. eastern time. >>> well, the countdown is on over at burger king, the fast food chain is launching the impossible whopper nationwide today following s

announced streaming is more than the value of cbs and viacom combined if they in fact do combine. so it's been a big, big run. on your question on fox, i do think ultimately the price of the fox transaction is going to be questioned. when you strip away the fact that they sold off their sky interest and the regional sports channels it's still a $50 billion price tag, but a $50 billion price tag got them national geographic channel and fx and it will struggle like all the others and tv and film library. well, a today groe we see what's happening with the studio and people are going to question the fox studio value. the library certainly has value particularly as they need content to go internationally. but it's $50 billion the right number there particularly with the investment in originals they have to make, that's a big question. >> tom, thank you. julia, awesome interview with mr. iger thank you. >>> coming up, take a check on futures. they have been trading pretty much in tandem with yields and we saw the yields up premarket session lows of 162% on the ten year we did have the dow