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

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

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

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

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