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

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 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.

. >> cbs and viacom finally reunite. another parade of earnings were ad revenues -- >> the focus is on the decline in online ad revenues. >> not a lot of great news lately. >> baseline does not suggest a session, but these factors, keep an eye on them. kailey: it is ahead on "bloomberg best." ♪ kailey: hello and welcome. this is "bloomberg best." the review of the most important news and analysis from bloomberg television around the world. let's look at the top headlines. we begin with investors jolted by political shocks. hong kong protesters forced the airport to close down. and in argentina, a result in primary reactions a set off a chaotic election. >> argentina is at the crossroads. there is a massive roadblock. his main rival, alberto, grabbed the momentum and came in 15 percentage points ahead in the poll. >> many analysts would say it is insurmountable. they like his policies. they are market oriented. fernandez, it is not clear what he would do with the imf. today could be carnage in the argentine markets. >>

cash generated but a to be that's down four, five points today, i think the combination of cvs and viacom and the pullback in the market, we think that provides a good opportunity. they're a director in the z, on a global basis those are the issues independence of that, i think you have a very good opportun y opportunity. >> i'm speaking with how cheap cvs is, i'm saying direct to the consumer on a global basis 7.5 billion sets of eyeballs 4 billion-plus phones. netflix has 150, maybe 160 million customers our house december hold plays like 1300 a month, in the case of some other cvs, you give the consumer what they said. those are simp issues, but you have to focus on them. that they broke apart 13, 14 years ago for different reasons, different world, and we think it would work quite well for the owners, and will they do other things yet. this is just the beginning of a lot of dynamics going on and there are pluses and minuses all the time >> is media and check, when you see something like that -- >> no, no, no. we are having our on 26th conference on commercial and military aviation in

the off-again, on-again cbs-viacom romance has led to a marriage. deal unites the most watched network with the parent of paramount pictures, mtv, and nickelodeon. have 61%holders will of the new company with the remainder going to viacom investors. sherry redstone will be chairwoman with bob bakish as ceo. moody's is warning exxon mobil its credit rating may be lowered as spending balloons and debt piles up. the agency assigned its highest rating of aaa to exons $7 billion offering of senior notes but the rating and stable outlook are under pressure because exxon is outspending cash flow and its refining and chemical businesses are underperforming. tesla's plunge has made it the most profitable it on wall street. $2.75 billion of mark to market gains in 2019. last year, elon musk attacked what he called value destroyers in order to prepare for "the short burn of the century. tesla remains on pace for its worst annual decline on record. founders featured in the latest episode of bloomberg studio 1.0. and an exclusive interview, they tell how the com

the cbs-viacom romance leads to a waiting. the megamerger -- shery: breaking news out of south korea. we have the unemployment rate for the month of july coming in at 4%. that was as analysts expected. the third month in a row that stayed at 4%. south korea added 299,000 jobs in july, higher than the 281,000 they added in june. the south korean economy and job market being highly supported by government job creation. we are expecting the extra budget set to pass parliament at the start of august to also give more support for the job market. exportseantime, continue to plunge in south korea, now headed to the ninth month of export declines in august.we have seen the weakness in w theon throughout these -- the south korean won. in hongrn to sophie kong for a check on where markets are headed this morning. sophie: we have plenty more data to come through from asia including a check on china's monthly activities for july which could dampen some of the anticipated relief rally as industrial output and retail sales slowed on the mai