. in particular, media. you know, we love companies like viacom, and madison square garden network. those stocks are still really cheap. financial services companies, some that you know well, like lazard or kkr. there are some sectors of the market that just seem to be totally neglected, even as the markets recovered. david: let's talk about the economy. the united states economy was in a recession that ended in june of 2009. and so now, for about 10 years, we have been in a growth cycle. and it is one of the longest in our country's history. but therefore, there have not been a lot of depressed stock prices for this period of time. so are you kind of hoping that at some point there is a recession, so we can get lower stock prices? you can buy more things at value prices? john: we like to buy bargains. we like seeing sectors that are cheap, but we don't want to see a recession. you know all of the turmoil that happens, the impact on our society and our citizens, you know recession is not great for america. david: so let's suppose i say i watched you, and you are a good value invest

one explaining why he bullish on the cbs-viacom merger. >> it is a good deal. it is a buy. taylor: up next, more of the week's top business headlines. india's government has promised fiscal stimulus. the central bank is helping provide the cash. >> it has cut interest rates and given a record amount of dividends to the government. taylor: this is bloomberg. ♪ ♪ taylor: this is "bloomberg best." i am taylor riggs. let's continue our tour of the stories with more from the g7 summit. discussion about iran was the top of the agenda. there was an unexpected twist when a top iranian official came at the invitation of emmanuel macron. foreign minister visited france for six hours. bilateral talks. we had a brief sit down with the french president emmanuel macron. officials said they gave the u.s. delegation a heads up about the surprise arrival. macron did face allegations he blindsided allies. >> president rouhani said he was prepared to meet any political leader in the interest of his country. pres. trump: if the circumstances were correct, were right, i would certainly agree with

investing at the largest independent holder of voting stock and viacom, who recently said he was exploring legal options after his shares were bought for less than he perceived its market value in the company's merger with cbs. vonnie quinn asked him if he is still considering litigation. ♪ >> as one of her teammates would say, all our options are still on the table. we want to see how far we go into it. number, there's only like 5 million, 10 million shares, it was selling at a premium, and if they pay you an extra dollars -- it's not a lot of money. >> are you actually going to take them to court? >> we will do whatever is necessary to help our clients who own the stock. of the 650 million shares that will be outstanding -- by the way, this is a buy. have in our homes eight streaming services -- is he bullish on streaming and is cbs behind? shares,00 million that's 25 billion, we are paying 40 billion for the entire enterprise without a major success in streaming, putting money into content will generate -- >> should they bring back "gunsmoke?" [laughter] >> that brings up an

feel like the consolidation in the u.s. 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 distribu

there is somewhat analogous to cbs and viacom, they worked together, separated and now coming back together, conceivab conceivably, in order to have more scale in a rapidly changing -- >> the core product is not bad for your health. not like the overall world of consuming entertainment is going away >> no, it is not people are doing it in different ways they're vaping their media these days bob pisani has more. let's join him, bob? >> on the downside, again, trade wars, economic uncertain ty weighing on us, look at the global markets, we're slowly getting out of august. good to remind everybody generally down, small move up in the shanghai everybody is down 3% to 4% it is remarkable in august how down the markets are we're down 3%, 4%. shanghai, japan, germany, spain, doesn't matter everything is down 3% to 4%. we talked about the defensive dominance this month with utilities and reits up, consumer staples flat and all the cyclicals to the downside. defensive, utilities and reits up, oil is up, oil is held steady in the mid-50s. oil stocks continue to drop in the last couple of wee

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 according to the shiller index. property values rose 2.1% from a year earli

about phillip morris, and cbs-viacom. i want to ask mr. good belly -- mr. gabelli the idea of what you do to filter the political investment of this august, this 2019. how do you deal with a news flow and investment? mario: you want to connect a lot of dots. the more important one for me is the tax rates that corporate's have sustainable. secondly, what is global growth on a basis that i can understand, why the negative currency? impacting what is the impact of the dollar? that is important because the earnings of public companies, -- 40% are non-us, being thrashed by the impact of currency. companies we own like vivendi selling into the united states get the benefit of their weak currency. tom: so are you on the cusp of buying the emerging markets, of the others that are out there? mario: on the others height of the coin, a company -- the other side of the coin, a company in china is selling at a large market cap because they have a big share of the premium market in china. we have a lot of dots on a global basis. what we try to buy is good businesses run by people that come to wo

-- 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 energy merged with west s

, 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 gla 250 suv for just $329 a month with credit toward your fi

consolidation in the media space. he referenced the viacom deal just announced. i think what is happening in the media space is media companies feel like they need to consolidate because competition isn't just with each other. it is with big technology companies like apple, like amazon, google, facebook that are much bigger than the traditional big media companies, and their global. they are really taking a lot of the ad dollars, a lot of the subscription dollars. they are getting into the con did business. if you are the walt disney company, you feel like -- into the content business. if you are the walt disney company, you feel like you need to compete not just against media companies, but technology companies. alix: they needed to launch disney+ to be able to compete with netflix at the end of the day. so is this the call, do not focus on tech? surprising,k it was but he's also talking about the loss of local journalism around the country, which is a significant issue. the issue there is simply economics. consumers do not want to pay for local news. they'd rather get it off the internet.

companies like viacom, madison square garden network, those stocks are really cheap. financial service companies that you know well like kkr. there are some sectors that seem to be totally neglected even as the markets recovered. david: the united states economy was in a recession that ended june 2009. for 10 years, we have been in a growth cycle. it is one of the longest in the country's history. but there has not been a lot of depressed stock prices for this time, so are you kind of hoping that at some point there is a recession so we can get lower stock prices? you can buy more things at lower value prices? john: we like to buy bargains but we don't want to see a recession. all of the turmoil that happens, the impact on our society and citizens, recession is not great for america. say i let's suppose i watched you and you are a good value investor. i will give you some money. what kind of rate of return can i expect from your products? john: over 36 years, we have been able to compound money at roughly 11% per year. that is something we are proud of. the ariel fund have been around

fella who runs viacom, he showed up on another show >> that was only because i was 100 miles away >> i've been working to get that >> that's never happening. just, never. >> where was i i just think that keith block is a guy who closes he closes. now, splunk last night, i like that conference call, but doug is switching the way he accounts for things they had gigantic orders, but he's switching to a subscription business that's not unlike what happened when adobe switched and went down. last chance to buy adobe buy splunk right here, right now on this downgrade. >> interesting sales force more of the same though >> i think sales force's quarter actually lagged. vm ware has been hit badly because it's been pivotal. a pivotal buy. so sales force has been the big laggard. a lot of people don't like the data deal. i bet that keith block explains it just like they explained mule soft, which was a brilliant acquisition. i think it was the right acquisition. we'll hear tonight a lot of people think it could be a shortfall >> but yesterday the money >> actually, i'll be on the closing bel

love. - and just so you know, we love corporations. viacom, you're great. keep doing what you do. we're really big fans here at "the daily show," viacom. mwah, love you. so the answer is obviously to hug these corporations close, and corporations are hugging right back: google, kpmg, aetna, lyft-- not chick-fil-a-- and here comes the true slay queen, walmart. [all cheering] is walmart gay? - walmart does take pride in their gay associates. as a company, i don't think you can label a company with a sexual orientation. - walmart seems like a top to me. - i--i would--i would agree with that. - i think it's amazing that so many people could come out and just live their truth as a marketable demographic. - for sure, and they've really made it, like, a safe for everybody, i think, for us too, so... - yeah, yeah, yeah, 100%. it's like, "here i am. i'm queer. i have a debit card." - everyone's gay as hell now. and gays love money, bitch. you know that, so... - so queer capitalism is totally chill. actually, there is a specific issue with corporate sponsorship in pittsburgh, and it involves the

call my agent call my agent right now. 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

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 low-dose aspirin. no more than 100 milligrams as it affects

the larger driver and firm says their investors should take note of the recent cbs viacom merger and newly formed company interest in stars which lions gate did acquire in 2016 maybe an m and a play there. wanted to ask you about energy because it is a standout performer higher today up 2.7%. but it feels like this one got very unloved the sector. >> unloved, you're understating it despised it has been a horrific underperformer, not just for one year or month but for several years. return on equity has been way below the rest of the market they need to get it -- management has been talking about it, but they have to show the discipline permian, they actually got undisciplined. so they have to return cash and prove that they are doing it i think the stocks are interesting. relative discounts is remarkable if you look at history so there is opportunity. >> doesn't suggest that maybe there is a broken business model or something, or that future returns in energy can never be what they were >> probably true for a lot of reasons as well. industrial vehicles using less gasoline, like esg b

been a black hole while you were away, viacom did a merger >> yes, they announced a deal, yes. >> he joined us. >> i did call in. >> you did call in >> briefly we had a discussion about it there was some distress that the synergy numbers announced were lower than the street had anticipated. >> that's what i -- >> often times it is what you like to call underpromise, over deliver. and that may be the case here because i did hear higher numbers associated with the potential deal, than they came out with that seemed to be somewhat of a disappointment overall, the sector not doing particularly well. particularly since disney's quarter, which we all know is less than stellar. certainly for disney. >> good numbers. and then this is one of those that reminds me, one of the most discouraging things i've been involved with in the last couple of years dupont i think dowdupont separate would have been worth more viacom/cbs, clearly separate, at least in the beginning interesting. >> they're getting together. and the question obviously will be can they deliver on the synergy targets, raise them

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. cbs and viacom finally inked a

viacom finally reunite. wework unveils its plan to go public. chinese tech leads another parade of earnings and ad revenue. >> the focus is on the decline in online ad revenues. kailey: the week's important perspective. >> you look around the world, not a lot of great news lately. >> baseline does not suggest a . a recession, but these factors, keep an eye on them. kailey: it is ahead on "bloomberg best." hello and welcome. i am kailey leinz. this is "bloomberg best," your weekly review of the most interviews, business 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 city's airport to shut down, canceling hundreds of flights. and in argentina, a surprising result in primary reactions a set off a chaotic election. francine: argentina is at the crossroads. while the president is looking to us second term, his path to the presidency just hit a massive roadblock. at the moment, his main rival , the opposition candidate to grab the momentum and came in 15 pe

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

and controversial is this -- controversial business relationships. plus, content kings. cbs and viacom finally inked a merger deal. we speak to buy

midwest. >> 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. >> the peso has plunged to a record low against the u.s.

shareholder and a lot of benefit of putting them together was benefits of scale. cbs and viacom have become smaller than these new media companies but combined at $50 billion they've now got at least more scale to be able to compete with people like disney and comcast. you could see further consolidation. >> when we consider the weakness of the europe economy, brexit coming up and the associated currency weakness why haven't there been more cross border deals? >> you rarely see currency movements drive m and a and for the most part companies that are defdominated in sterling, so whn they go down do does the revenue and earnings it's not always the case but it doesn't drive activity as much as you think people tend to take a much longer term of view and given the deal you can't price a deal and close it the same day you're still throughout the pendency. >> have you seen cold water thrown on deal making between china and the u.s. >> the deals between the u.s. and china are down dramatically. i think deals in the technology sector it's going to be hard for them to get done between the u.s. and

. >>> big changes underway here at cbs. have you heard? our company announced a merger with viacom. this is a big deal for the family in the building. >> yeah. >> exciting for us. >> everybody is fighting for more content. that is what this is about. >> can we make it? ♪ i can't see me loving nobody but you ♪ >> i'm anthony mason with gayle king and tony dokoupil. >> your name? >> yes, please. >> gayle king? >> yes, thank you. i haven't been gone that long, anthony. i come back, you know, darker and fatter. i would show you my tan lines, but we are trying to attract viewers, not scare them. >>e big screen. >> except you. tell me how that happened. >> she is about to jack him up. >> you don't know how to play wimpy woosy girl. >> one of this year's breakout independent films is britany runs a marathon. >> i ran today. >> how in the hell did you do that? was somebody chasing you or something? >> did to make you want to run a marathon? >> no. >> you are not a runner? >> i would run a marathon again. >> humble brug. >> again? >> in early 20s. >> i got to testify. >> coming up, an extra f

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 invo

difference between class a and class b shares of viacom >> nothing, they're both going down, it's driving me crazy. the charitable trust owns via. i think you should buy it. the merger is terrific bob backus has to come on "mad money" and explain why this is great and i think, therefore, people will understand why my charitable trust owns it right now i feel like i'm all alone out here with the exception of -- >>> let's go to aaron in alabama. aaron! >> caller: hi, mr. cramer, thank you for calling my call. roll tide. >> roll tide, love that. >> caller: i had a quick question about berkshire hathaway it's down 8.4% since five months is now a good time to buy -- >> yes, the answer is yes, unqualifiable yes. great value there and great man at the top period end of story. >>> i need to go right now to r.j. in california r.j. >> caller: booyah, jimmy they know nothing, they know nothing. i have a 5g play -- >> they know nothing >> caller: my entire hia position to tsm, taiwan semiconductor. >> well, you're taking kind of a risk there i do like the company, but i got to tell you, marvel, mrvl

. which reminds me: all hail the glorious merger of viacom and cbs! ( cheers and applause ) may it forever bolster our premium content portfolio and position us to span all content categories and demographics, creating eternal value for shareholders! viacom-cbs: stronger together! we've got a great show for you tonight. curtis "50 cent" jackson is here. but when we return, i send one of my writers to iowa! stick around. steady the elbow.shoot me one? ♪ ♪ ahh boom shaka laka. feisty. ♪ ahh yof your daily routine.lf so why treat your mouth any differently? listerine® completes the job by preventing plaque, early gum disease, and killing up to 99.9% of germs. try listerine® and for on-the-go, try listerine® ready! tabs™ you're too young to watch i'your movie "good boys".ws. you kidding? -i know it's fudged up. stop treating us like kids. we know how things work. this is a pretty cpr doll. i love a good story with a bunch of gibberish just as much as anybody. [ screaming ] early audiences love "good boys". your parents have an indoor swing? [ "no ordinary love" by sade ] wha

to from neutral at bank of america merrill lynch. the analyst cites the deal with viacom and the new company's strategic positioning. price target is $63. >>> but not all firms agreed. bernstein downgraded cvsoday to underperform from market perform. this analyst says that cvs stands to los more from inheriting viacom's structural problems than it wou gai from any synergies. the price target there, $46, and that stock was down 8% today to 44.65, part of the sell-off today. >>> meanwhile, ferrari was upgraded fromuy to neutral at goldman sachs. the analyst cites the luxury automakers strong backlog and solid demand. price target, $182. shares fell 3% to 155.90. >>> still ead, why the magic of macy's may just be an illusion. ♪ ♪ ♪ >>> a tough quarter for cisco. the company is forecasting first quarte profit below wall streeta ess as it tries to transition away from selling routers and switches. earnings in rhe mostent quarter came in slightly better than expected and revenue was higherrom a year ago, but investors focused on the outlook, sending shares lower in initial after hour

investigator to look i into the claims. he has canceled his tour. cbs and viacom announced tuesday they would rejoin forces after splitting in 2006. the two companies, along with paramount pictures studio, are attempting to head off competition from e entertatainmt giants like disney and streaming services including netflix. the deal is the latest mega merger in the media world after at&t acquired time warner for $80 billion and disney took over 21st century fox business for over $70 billion last year. and starting today, survivors of childhood sexual abuse in new york who previouously could not bring their perpetrators to court due to statues of limitations will be able to do asas the new child victims act goes into effect. the new law allows prosecutors to bring criminal charges against alleged abuserers until the accuser turns 28, while accusers can file a civil lawsuit until they reach the age of 55. in a addition, thehe so-cacalled "look-back window" will allow accusers of any age e to bring chargeges agaiainst their allegd perpetrators, no matter how long ago the abuse occurred, for a p

, 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 in the southern district of new york which is hearing this case to block the deal

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 a week. that area is -- >> now we'r

both the. market tumbled off of the vote. media giants viacom and c.b.s. will merge to form a $30000000000.00 entertainment and the years of talk to us. owns the movie studio paramount t.v. channels comedy central and m.t.v. and will say the merger will allow the new company to compete with streaming services like this. wages in the united kingdom rose at the fastest pace since 2008 with employment reaching a record in the 2nd quarter of this year and in school faster than inflation of consumers with a bit more to spend despite the positive numbers concerns over breaks that continue to weigh on the u.k. economy. now the latest figures published by china show up food from its factories is growing albeit at its slowest rate for 17 years the impact of the trade war with the u.s. is taking its toll but a white house decision to delay some tariffs the u.s. had planned to slap on chinese products gives at least some hope that tensions could be easy. the delayed tariffs if they'd hit in september would have been no laughing matter for ordinary americans for the 1st time they would ha