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

media as cbs agrees to join with viacom. shares of apple and chipmakers sword in tuesday trading after the u.s. delayed tariffs on certain imports including smartphones as well as laptops. trump said, "is to case they might have an impact on people, what we have done is delay it so they won't be relevant during the christmas shopping season." to discuss in washington, the president of the u.s.-china business council. sarah, do we have any idea what the motivation is for the change of heart? sarah: we do know that the news gave a bump to the stock market. we sell retail and technology stocks go up today. there have been some declines in share prices in recent weeks. of course, that is an immediate cheer from the market. what we don't know what was discussed between officials of the china and the u.s. on the phone call. they were waiting on purchases from china on agricultural goods and other promises. really the continuation of trade talks. we don't know what kind of promises were given in exchange for this delay. as you said

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

suddenly viacom looks like the weaker partner. old, incapacitated, how involved he was in the decision-making was of dispute. what we do know is sherry redstone, his daughter, thought it would be better for the company to get together. first, she fought for control of viacom. she ends up installing bob as the ceo of that company. she tries to get les moonves, ceo of cbs, to merge them. she resists, but he ends up having to leave the job because of accusations of sexual harassment. after discussions of putting them together again, we have an agreement to do it. not after a lot of of fighting and handwringing along the way. thanks so much for all those twists and turns. coming up, stopping the spread of online extremism. we will speak to one guest who has a plan for what tech companies need to do, next. this is bloomberg. ♪ from the couldn't be prouders to the wait did we just win-ners. everyone uses their phone differently. that's why xfinity mobile let's you design your own data. now you can share it between lines. mix with unli

the ceo of the combined company to be called viacom cbs. this is what he told our andrew ross sorkin about the deal and about content scale earlier this morning. >> you look at content, we clearly have scale and content between the studios that we operate, paramount television, cbs television studios, nickelodeon, viacom international studios, a library of 140,000 television episodes, 3600 films, we have 750 series ordered to or in production. there is true content scale here >> obviously on a moment like this, got to bring in david on the phone, david faber joins us to talk about the deal and the mixed reception to the notion that cbs might have a big dtc offer. >> i think that's a key point, guys by the way, the show is really good i just want to say that, watching from my hotel room, i realize why it is so popular you don't even need me that said, sorry wasn't there to deal with what we have been waiting for, for years, the third time did prove a charm in listening to bakish speak to andrew sorkin, they are going to make a lot of their d

another perspective of course tomorrow morning, the ceo of the combined cbs-viacom -- viacom-cbs on cnbc tomorrow at 8:40 a.m. on "squawk on the street." >>> shares of tilray are down about 3% right now at the moment the revenues, it was a beat, 45.9 million versus 41.1 million that analysts had modelled however, on the bottom line there was the company reporting an adjusted loss of 32 cents versus a loss expected of 25 cents. the company says that as far as the top line growth that was driven by the manitoba harvest acquisition. the legalization of the canadian adult use market and we know that adult use has increased in canada due to more stores online as well as the growth of international markets. as far as other metrics, kilo sold more than triple and gross margins increased from 23 to 27%. the company says the increase in growth margins was impacted by increased costs with the ramping up of cultivation facilities in canada and portugal and acquiring third party supplies so some investment costs there putting some pressure on the margins. also the company says under business highlig

sher shari redstone is the ceo of viacom and redstone. it shows so many mergers in the past two, three, four years now, and cbs and viacom are two companies, each less than $20 billion market cap, that need to get bigger to compete with the netflix and amazons and the other legacy companies that have already gotten bigger. this is a step forward, and it probably won't be the last acquisition from this company that is going to be called viac viacomcbs, all one word. >> let's get back to our guests and talk more with david and noah noah,if you had a sector that you would lean toward in the current market, what would it be >> look, i think that there are numerous secular growth trends that are continuing, whether it's in health care, and you're looking at combination therapy, whether that's in cancer treatment or new medical devices. whether it's 5g is finally coming and it's going to have profound impact, especially on industrial applications. or you're looking at the continued digital transformation of enterprises these are secular themes,

i reported earlier this week that vice had been making overtures to cbs/viacom and to shari redstone probably not the greatest time to do that but the deal would make a lot of sense. it's a private company and would bring a lot of millenial eye balls to cbs and viacom which excuse old on the cbs side and young on the viacom side so that's something that could be in their crosshairs despite bob backish saying he's not interested i think that's shari's call in the end. i also think discovery communications is a natural fit with this combination once it gets down the road it's all about shari trying to get out. she needs to get out, so she needs somebody who's attracted by the bulk and the power and the range of a newly designed cbs/viacom >> well, let's see if we get a deal first you're ten steps ahead of them bill, thank you for joining us >> and happy birthday day after birthday to both you guys. >> oh, thank you that's so nice i guess we publicized it very well bill, thanks >>> still ahead, the trade factors. i sat down with the ceo of adidas and got his take on the how the u.s./chi

. >>> in corporate news, reunited and it feels so good cbs and viacom striking a deal to get back together after the media giant split more than a decade ago rahel solomon has the details on the entertainment empire >> cbs and viacom may be betting that a larger company can better compete in an industry dominated by bigger giants the new company will be called viacom cbs with cbs shareholders owning about 61% and have a market cap of $31 billion, still small compared to netflix at 130 billion. disney has nearly 250 billion, and comcast at almost 2 00 billion it will combine the cbs network with mtv, nickelodeon, comedy central and paramount movie studio they will own about 15,000 tv episodes and 3,600 films cbs and viacom split up in 2006. the holding compaprevious efforr failed because of price and clashes and who would run the company. bob backish will be president and ceo. joe ianello will be the chairman and ceo of cbs bob backish will be on "squawk box" this morning at 8:40 eastern back to you. >> thank you very much for that update. >>> in whale watching, trian partners staging an im

viacom weres and lower today. bloomberg has learned that the ratios being discussed would value viacom at current levels. the ceo would be the leader of viacom. a canadian company said a second ontario facility breached regulations. they had already been struggling from breaches in ontario. the national football league has taken its first major step in legal sports gambling it signed a partnership with sports radar. now, the company will have a right to distribute to the u.s. that is your business flash of. ate.lash upd romaine: let's go back to some breaking news. named a new ceo. david gibbs is going to be the new ceo, to replace greg creed. create has been there since -- creed has been with the company since 2015. gibbs is pretty much a lifer here. here at oneadership of the bigger fast food companies. caroline: ups is reaching for new blood, changing their cfo. they have brought in someone from outside, from pepsico. ryan newman will be appointed as ceo. crosswinds, all the winds for a company like ups. caroli

they are still debating exactly what premium cbs has to pay for viacom because viacom is losing money right now. they've been a little bit depressed in the share price market cap. so that will happen, but a lot of analysts are saying they are going to be another player in the streaming wars. that is not going to happen. they are too small. they don't have the financial resources. i think as soon as this deal is done and they are a recombined company again, the buyers are going to be in line, knocking on the doors. vonnie: and who might those be? porter: verizon a year ago made an offer. i think they need something to compete with at&t, which bought time warner. you have verizon, then there's microsoft, which has 80 million xbox users deployed around the world that can stream anything, but they don't have any content to sell those 80 million xbox users. apple is pretty thin in terms of content. they are coming into the market later this year, early next year. there's no shortage of buyers for cbs-viacom. vonnie: porter bibb, thank you. porter bibb, mediatech capital partners managing p

first of all, viacom and cbs. the boards were working through the night, trying to announce maybe today that they will put cbs and viacom back together again. both companies are having a bit of trouble. the question is, what do they do when they get them back together? nejra: what a long time coming this has been. the second company we are looking at is aramco. here's the cfo on the company's up and downstream. >> the perspective of the market conditions, oracle within the country in upstream -- within the company in upstream is to maintain our position as the and crude producers increase the petrochemical production. nejra: so a 12% drop in the , tot six months of the year try and diversify away from saudi arabia. david: a very rich valuation, it seems to me. for our third company, we are looking at for saatchi. --dan -- at verse saatchi at versace. joining us now is brooke sutherland. these countries that are cities in china's mind, hong kong and taipei, this latest issue lists taipei as a separate saatchi -- by

it will be called the viacom-cbs. the federal trade commission is looking into allegations of the e-commerce site punishing merchants with lower prices elsewhere. of atc stop short formal probe in amazon. says theyrican group will allow the better parts of the business to grow, and help bring down debt. we spoke to the companies chief executive. >> on a vertical integration restructuring and that model is not sustainable going forward. at the operational management should be underlying businesses and we must act as ap are shareholder. -- we must act as a peer shareholder. matt: president trump has delayed some of the new china tariffs he wanted to put on september. farm goods, clothes are on the list, but levies on big ticket items such as smart phones and children toys as well as bibles will not come until the end of the year in order to allow the christmas shopping season to remain under way. let's get to markets with jan-patrick barnert, equities reporter, bloomberg editorial -- with mark cranfield, mliv strategist

viacom began as cbs and spun off in 1971. the two companies united in 1991 but split up again years later. and that's your cbs money watch report. for more head to cbsmoneywatch.com. i'm diane king hall. >>> time now is 4:41. >> amazon's facial recognition software put to test. the major error. >> and taking a live look outside. we are going to look at city hall in san francisco where it is 60 degrees right now. the bay area is heating up. mary lee is going to have a check on your forecast when we come back. >>> this is cbs health watch. >> there's some fertility dos and don'ts. and do consider your age. try to conceive for 12 months. and if you're over 35 try for 6 months. >> sponsored by stanford medicine fertility and reproductive services. frshz >>> welcome back. a recent test of a facial recognition technology ends with a major fail. >> this after state lawmakers turned up as suspected criminals. wrongly identified using amazon's facial recognition program. the a clvmdlu used 120 images against a database. it says the fi

"markets," a gentleman who will pick up the viacom, viacombs ce? this is bloomberg. ♪ tom: it is an extraordinary moment. let me bring up a chart of the bloomberg that the pros are looking at. on the left side, the john major 1992, the challenges of the asian crisis. united kingdom rolls out of it prosperity and a massive decline and flattening to the yield curve down to an inversion. the two year yield is higher than the 10 year yield in the united kingdom. it leans toward the u.s. following shortly. right now with us, mike gallagher of continuum economics. we are thrilled he could be with us this morning. rbc.cole is with us of you are a foreign-exchange guy. how does any currency react to the vanilla key curve inversion? adam: i think as in most things for sterling, what our currency is trading off is so closely linked to the probability of hard versus soft versus no brexit, and domestic economic fundamentals having almost no bearing. you see that in the data response to today's cpi. sterling is so completely sidelined by the probability of ha

announcement of cs-viacom today after the bell or tomorrow morning. charlie gasparino is reporting on that about a possible deal. adam, paul, are with us. charlie is trying to dot the is and cross the ts as what role joe ianniello plays at the company. assuming they announce a deal, is there larger strength with the company in the landscape, cbs and viacom? what do you make of it. >> there is a strength in a combined company. it is about selling content or buying content and that's what we're seeing here. one of the takeaways on this one, when you look at one of the reasons why i think it took so long to get the reason done, the stock deals in the market today, today we saw all facets what i've been calling the vortex of volatility in action today. and doing stock deals in this environment is just extremely difficult. i think today was the ninth consecutive day the s&p 500 had a 1% intraday movement. those movements used to be few and far between. it is almost like a daily occurrence. stock deals like this will be more the new normal. connell: that is

dagen: viacom agreeing to terms on a deal, charlie gasparino on the telephone with daelz hey charlie. on the phone: long nightmare i keep saying this on deals forever and forever, this thing, from what i understand from sources close to both companies both viacom, cvs is done, the parties have reached a merger agreement agreed two things that were holding up exchange ratio that is the price of how much you get you in own cbs versus how much you get if you own viacom shares both companies separately traded entities controlled by national amusements run by redstone family sumner redstone out of pocket ailing mogul sheri runs the show you put them together, and both sides have to get certain amount of stock, cbs bigger company so cbs gets more more value than viacom that is what they were working out last couple days delayed decision yesterday a lot of people thought he was coming down till today, they worked that out other thing wording out the keeping joe ianela. >> the announcement i hear announcement coming after the bell today, to see how long joe is locked in they want to keep him

will it or won't it announce after the bell today an official merger deal with viacom? less than an hour to the closing bell. let's start "the claman countdown." liz: we are just getting this breaking news out of washington, d.c. the u.s. state department is having its daily briefing and right now, as you see, it has just called china a thuggish regime for releasing personal details on a u.s. diplomat who apparently met with leaders of hong kong's pro-democracy movement. hong kong of course has been roiled by protesters furious with china for what they say are china's authoritarian tentacles reaching from the mainland. waiting on more details from the story, but this could cause more agitation ahead of continuing trade talks between the u.s. and china. right now we are still holding on to gains. we are watching it, 298 points for the dow. the bulls appear at the moment to be oblivious to this constant brinkmanship between the two nations. check it out. we have the s&p better by 1.66%. as you see, the dow up 1%. but the true leadership is coming from the small and midcap

has agreed to merge with viacom in a $12 billion transaction. combines the broadcast paramountith parent pictures and mtv and nickelodeon. it will be called viacom-cbs. the trade commission wants to hear complaints from amazon sellers. they are looking into allegations of merchants being punished by lower prices elsewhere. the fec is looking at a broad review of the tech sector. the market rout in argentina is wreaking havoc on some of the largest u.s. money managers. it suffered its largest drop since the 2008 financial crisis. argentine sovereign and corporate bonds erased $16 billion of value on monday. that is your bloomberg business flash. matt: thank you. yields on 10 year treasuries have fallen lower again on weak economic data out of china. the rush for cover from global risk is overshadowed by u.s. inflation data. it hit a six month high in a broad-based gain. the pickup may limit the case for an additional rate cut, but scott minor told bloomberg a half-point reduction between meetings would send a clear signal. >> given the fact that

the ceo of viacom. viacom stock will be higher if it didn't have all the trade talk the complicated merger. >> dow down 208 here to bob pisani and let's see what else is moving. >> happy monday, carl. it is a weak open. we tend to follow bond yields these days so 173 on the ten year on friday, 1.68 today guess what is leading on the downside, bank stocks. kbe, lowest level since late may for the bank index retail, industrial, energies, all trade related to the downside materials also down. utilities, naturally, are on the upside if you look at what is really going on, it is not a good third quarter, but it is never a good third quarter. this is just the problem with the third quarter. we say this all the time, august and september just really rough times for the market so we were up 13% in the first quarter, 4% in the second quarter, up quarters are not -- this is a lot, but up quarters are common typical for the third quarter to be down, we're down 1% so far. nothing unusual going on here. imagine if w

tracee: viacom, cbs cheap bob back et told investors star trek has significant potential to leverage across all company platforms. cbs has the star trek series launching next year. some are looking to the star trek universe to rival the marvel and star wars universes which are controlled by disney. and there's sopranos news, michael gandolfini is playing michael soprano in the new movie. the 19-year-old actor tells esquire he never watched the hit series until he was cast in the prequel. he said watching the series was an intense process. the movie is set to be released next year and that's what's happening now. cheryl: that's got to be tough. that's why he didn't watch it. lauren: he was only 14 when his dad died. cheryl: we've got a lot more coming up this morning. if you like to kickback with some netflix, hello, you may want to hit the pause button. why a bit of binging might be really bad for you. and, snoopy had better fire up that typewriter. how one company wants to hire your dog. you're not going to believe it. keep it here, "fbn: a.m." ♪ haven't i made it obvious. ♪ hav

more details about the cb- cbs-viacom deal. a filing said they would have to pay cbs2 50 million-dollar termination fee. cbs would pay viacom termination of 560 million. we'll big through that. more breaking news and headline about that particular acquisition. there you go. >>> escalating crisis in costa rica. tainted alcohol, why health officials are sounding the alarm about that. that is coming up next. we earn our scars. we wear our work ethic. we work until the work's done. and when it is, a few hours of shuteye to rest up for tomorrow, the day we'll finally get something done. ( ♪ ) ... announcer: only fidelity offers four zero expense ratio index funds directly to investors. and we have zero account fees for brokerage accounts. at fidelity those zeros really add up. ♪ maybe i'll win ♪ saved by zero and i recently had hi, ia heart attack. it changed my life. but i'm a survivor. after my heart attack, my doctor prescribed brilinta. it's for people who have been hospitalized for a heart attack. brilinta is taken with a

earnings reports include uber, kraft heinz, viacom, cbs, amc entertainment and norwegian. customers are threatening to boycott equinox and soulcycle fitness chains after news that the chairman of their parent company will hold a fund-raiser for president trump. the "washington post" hosted billionaire steve ross will host a fund-raiser at his home in the hamptons tomorrow. both chains reported on twitter they do not support the fund-raiser. some high-profile lgbtq activists and celebrities are calling for the boycott. >>> fedex is ending its ground delivery contract with amazon at the end of the month. instead it will pursue more ecommerce deliveries from other companies such as walmart and target. the move comes after the worldwide shipping business announced in june it was ending its air shipment contract with amazon. amazon is expanding its own shipping and transportation, reducing its reliengs ance on f ups, and the postal service. >>> galaxy has announced a new note 10 version. the note 10 will feature more battery room but will no longer carry a jack. there's a rainl

is over now that we've seen cvs and viacom top >> i think we could see further consolidation in media and media is an area that we're very establibullish on for the long-term. we think that the content producers are becoming more important. they're taking back control of their direct relationship with their customers through streaming and we're entering this period where these consolidation with the media stoid studios, they can both have their cake and eat it too. there's a manageable decline in traditional tv subscriptions that's being more than offset by direct-to-consumer streaming so disney is extremely well positioned we think that combined cbs/viacom will also be very well positioned. and we don't think that will come at the expense of netflix or some of the other streaming properties i think consumers have a large budget to spend on video and it's not shrinking and they're getting more and more value for that budget. so it's a really positive set-up for the long-term for media. >> bill, how do you see the narrative in media and distribution playing out i see you've got charter

cbs would get six out of 13 seats and viacom gets four. apple will soon start handing out special iphones to security discoverrs so they can flaws first. apple is offering up to $1 illion to find problems in its operating systems. caroline, that is your business flash update. caroline: we're going to return to one of our favorite topics on the show. it's meatless meat. newcomers like impossible foods, legacy veggie burger producers are changing the recipes and the to keep up,d trying but have lost the market share. they have r farms, seen a massive growth in sales, pie is slowly e being eroded. joe: we both grew up in vegetarian families. think about all of those fake burgers and fake hot dogs and i those es feel sad for companies because they were so early, the classic too early thing. romaine: can we admit, some weren't very good. out, my mother own.d make her it was basically borderline child abuse. they got boca burger. go into stores now, once of get past the meats, all these are there. they don't have the same marketing power. some u

>> we are buying it indirectly by buying some viacom. 2, 5, 8 streaming services. cbs behind in streaming? out, thellion shares stock has 45. we are paying $40 billion for the entire enterprise. that enterprise, without a major success in streaming, but putting money into content. >> should they bring back gunsmoke? remember in childhood, they were apoplectic over all the old people. up a great point. "dark phoenix" lost a lot of money. you want to buy cbs because it is going to work. jerry is going to be in command. >> what happens next? they do have streaming services. hbo, cbs all access. >> they are not going to buy bloomberg. it is not going to work. that, if i am amazon, i am looking at how i get into this in a bigger way. witham sony, what do i do my music studio?may be the path is open . some further dynamic unfold. hopefully it happens a year from now. gamco chairman and chief executive mario gabelli. another sign that the u.s. housing market is cooling down. gains decelerated for the 15th month in a row and they were weaker than expected. that is accordin

viacom -- sorry, cbs up 27 cents. viacom down one cent. >>> advance auto parts. the profit fell short. down it goes, 4% loss there. let's check bitcoin. susan: let's. stuart: it's 11,100 a share. that's a flight to safety? i don't think so. susan: goldman came out with a note, they are putting a price target on bitcoin of $14,000. i can't believe that. goldman actually put a forecast. stuart: i hear keith say no way. susan: it won't get there? >> no way. i mean, it's preposterous they have that kind of valuation on something that's completely fabricated ostensibly for people who don't trust the government to begin with. like we don't have enough problems, we are going to pick a cybercurrency you can't use? $14,000 is preposterous. stuart: a bitcoin owner must have zeroed right in. pulled back out again. we got a close-up there. just as you talked about bitcoin. >>> where's the price of oil this morning? show me, please. the price of oil is $54 per barrel. here's what i'm interested in. we are back to declining gas prices. $2.64 is your national average. we are fa

. >>> viacom and cbs worked out a deal where viacom's chief robert bakish could lead the combined company if they reach a merger deal. both stocks down in a down market. >>> where's oil? that's interesting. despite the seizure of a tanker in the gulf by the iranians, lots of goings-on there, despite all of that, $54 per barrel for the price of oil this morning. how about that. gas keeps on coming down. not a lot, but the average now is $2.71. i keep reminding people, we have had gas buddy forecasting 50 cents a gallon less by the end of the year. >>> fed ex and ups, they are going to pay their sunday drivers less than weekday drivers. that's the report. why would they be doing that? you are the economist. >> that is strange. maybe they can get away with it because people do this as a part-time job or something? so you get an increased supply of drivers on weekends as opposed to during the week. ashley: that makes sense, right? stuart: it does. ashley: if you are going to go seven days a week, try to save with lower paid drivers on sundays. stuart: owhat are the drivers wo make less on the

. >>> yesterday, the two math media companies announced they d viacom cbs. it was spun off in 1971. the two companies reunited in 1999 but split up 7 years later. >>> yeah, it's a mega-merger. >>> labor day is just a little over two weeks away. >> so 35% of people are planning to travel for labor day. that's according to trip advisor. the bulk of those will drive. 20% of people will fly to their destinations. as for the top destinations this year, the favorites are new york city, washington d.c., boston, l.a., and orlando. august 30th and september 2nd are expected to be the busiest travel days this year. >> always good to see you thank you. >>> time check it's 5:39. >> a bay area woman fights for her life at her own front door. what police say prompted this violent attack caught on camera. >> well if you thought it was hot yesterday, we're really going to heat up today and for tomorrow with heat advisories in effect. i'll let you know what you can expect if your neighborhood coming up. >> as far as your traffic is concerned. it's pretty coolhere.30 ts morn. i'll be tracking those a

. >> karen >> selling some puts >> viacom cbs has legs viab >> that does it for us on a very big market day thank you so much for joining us be sure to catch live coverage markets in turmoil tonight >>> my mission is simple to make you money. i'm here to level the playin ins there is always a bull market somewhere and i promise to help you find it. "mad money" starts now hey, i'm cramer. welcome to "mad money. welcome to cramerica other people want to make friends, i'm trying to save you money. my job is not just to entertain but educate and put this in context. call me at 1800-743-cnbc or tweet me @jimcramer. when will the pain stop? that's all anyone wants to know after another agonizing day where the dow plunged 760 points and the s&p plummeted 2.98% and this is because of china's latest move to retaliate against trump by turning the trade war into a much feared currency war. we had big milestones that make me want to call the bottom most other markets, that's exactly what i've been doing but in this market, i think we need to be more cautious because i fear an opening tomorrow that

let me ask you a little bit on cbs and viacom, where is this thing going? >> i hear it is not going to happen today. that is kind of obvious. it could happen tomorrow i'm hearing. neil: well -- >> listen, it will be a big deal, it is interesting, cbs is always thought of, one of the biggest, greatest names in broadcasting, and it is, part of a company now that is not that big. if you even merge it with viacom, which owns mtv, nickelodeon, other properties with cbs, you have something like a 30 billion-dollar company which is small between tech. the question why is it taking this long? they would like joe ianniello to stay on with his contract as stablizing force with the company, sell the merger to analysts, see what happens. going forward it will be interesting. there is talk of growing the property, buying nickelodeon, by i hear they're looking to sell, shari redstone, has everything in one, is looking for a nest egg for her grandkids, children, grandkids, you name it. you know, they're looking to sell out. so, but that, i'll tell you, buying this company

so these the winners and losers and there's some companies like viacom mtv who sent or night play this game, we'll stand on the sidelines and where is the winner will license or materials now. so keep my amazon's got a lord of the rings million that stream of thrones is coming out with a pretty cool for hbo. who is netflix is apple's hired spielberg and oprah, content so you and i are going its its peak tv, its golden age tva bite. if you're the player inside of it, it's very expensive to keep up our so one year from now we'll come back and revisit the topic and see how many players are still in existence. yes, okay, and then lastly as a fast food fan, myself i don't eat it enough of it are as much as i'd like to because i'm trying to be guardian slap law. >>go sample burger king's new impossible burger right because they've launched what wanted nationwide. yeah we've already got a few locations in the bay area that offer for months to get on your such easy pickings i know you passed fared i can talk me now is very thing with the all the time these are publicly traded company so why no

. >> karen >> selling some puts >> viacom cbs has legs viab >> that does it for us on a very big market day thank you so much for joining us be sure to catch live coverage markets in turmoil tonight >>> my mission is simple to make you money. i'm here to level the playin ins there is always a bull market somewhere and i promise to help you find it. "mad money" starts now hey, i'm cramer. welcome to "mad money. welcome to cramerica other people want to make friends, i'm trying to save you money. my job is not just to entertain but educate and put this in context. call me at 1800-743-cnbc or tweet me @jimcramer. wh

i have him on speed dial this is outrageous >> viacom will pay their ceo well mr. bakish, ianniello staying on he'll get his $70 million when he leaves, ianniello, could be fairly soon, we'll see and you and i sit here i make fractions of what you do. think how i feel. >> i'm a loser i'm not what i appear to be. >> yeah, i mean, bakish will make 55% more this coming year than he made last year and i saw one table that puts him now, will be in the top 20 or so paid s&p. >> you look as the list, you'll see media ceos among the top -- >> my company -- >> say again his helmet antonio brown -- >> i'm appalled. >> you work a lot. >> i work my ass off i was up at 3:30 this morning working. >> harder than pretty much anybody i had the pleasure of knowing. >> i was tweeting how bad the canopy growth conference call was, 3:30 in the morning >> you read the jcpenney call. >> yes, i did. >> why >> guys wake up at 5:30 -- >> right i get up earlier than the bad guys i'm underpaid versus the bad -- cf cfos make more money than i do how is that possible >> i'll show you how much -

so this is a very strong -- you know what, david, this is like viacom and cbs it created a lot of money, a lot of wealth with morris and altria but you know what, this market is growing so quickly. i totally understand >> what i am interested in, in part, though, is the differential in market caps would have indicated this would have been a purchase by philip morris however, in this press release they're talking about it being a merger of equals, which would mean you're obviously greatly increasing the value of altria to make it a merger of equals. >> yeah. >> and we'll see what the respective -- and by the way, they're probably negotiating something else, but what the respective ownership would be of the two shareholder bases, management typically merger of equals means share of board, similar ownership, management combined [ bell ringing ] >> i remember altria, a 45% stake in -- i remember when it was a growth vehicle and now pm is not growing at all. altria switched in terms of the dividend >> let's look at what's going on at the big board, you heard the opening bell great plains ene

. >> the other big news this week was viacom/cbs the predictions of whether or not they have the scale to fight with the big boys. do they? >> it's funny to me it wasn't that long ago they broke up. the idea was, oh, you know, you separate, you get a higher valuation from the markets place. that wheel has turned more than 180 degrees. there is an open question, is this big enough to compete in today's media world? does it need to merge? does it need a vertical integration like at&t or verizon or something like that i do think it still has a lot of good brands. cbs streaming service, you know. a lot of the attention is on how many of these direct to consumer products can we have and i think they moved -- you know, they shouldn't have waited any longer my guess is they will be in the top five or six and probably do have the scale i still think it's an open question whether they need a bigger partner. >> do you think the spurs and a continued wave of consolidation the space -- and i ask that in part because increasingly folks are looking at big tech companies and whether or not they are i

individual stock story that we talked a lot about yesterday, this remarriage honeymoon between, yes, cbs and viacom, just one day afterward it looks like their massive merger is already having a few issues, because those stocks are plummeting and now we are also looking at t-mobile and sprint on another issue charlie gasparino is working. >> t-mobile and sprint, sprint is going up a little, t-mobile's down a trifle. it might be on the headlines we are generating. sources are telling the fox business network that as you know, there are 16 state attorneys general suing to block this merger. we understand that officials at t-mobile/sprint have entered into what is being described as early stage settlement negotiations. they have reached out to those 16, to the leaders of those 16 state attorneys general, letitia james of new york is one of them and they are trying to say can we start talking about possibly ending this lawsuit which would -- which could derail the deal. i'm not saying it will. you are in federal court, you know, you have -- i think there's a clinton appointed judge in the federal court

all-time low last year, 5.25 million on all viacom platforms. the all-time high was 60% higher in 2011. as these shows get more political, the viewers turn out. my best part was the host, the comedian, one of the best out there, did a whole monologue in the beginning that attacked millenials and safe spaces. he's a comedian. he got beat up on twitter and social media for being insensitive. politics for you. go figure. stuart: go figure. lauren: go figure. stuart: expression of the day. go figure. thanks, lauren. >>> take you one more time, even though we do have a sharply inverted yield curve, the market continues to go up. we will be up about 120 points at the opening bell which is in four minutes' time. which you will see right here. ♪ ♪♪ ♪♪ ♪♪ is it to carry cargo or to carry on a legacy? its show of strength or its sign of intelligence? in crossing harsh terrain or breaking new ground? this is the time to get an exceptional offer on the mercedes of your midsummer dreams at the mercedes-benz summer event, going on now. lease the