emily: viacom's ceo there. coming up, softbank's massive fund makes its first ever energy storage bet. we find out what energy vault is with the ceo. this is bloomberg. ♪ emily: softbank's massive vision fund made its first ever energy storage that monday -- monday,torage bet investing in energy 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 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 have designed an innovative new system tower. it includes a six arm crane and 35,000 metric ton bricks that that are all orchestrated with proprietary software stack, 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 discharge the energy. emily: how wi

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 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 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 this year and is doing ok.

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

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

. >>> 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