they are down a half percent. $25.46 down 14 cents on viacom. today there's a way to save more for retirement, with annuities from fidelity. turn your savings into income -- guaranteed, and get a retirement "paycheck" for life -- guaranteed. call... to get started, and learn how to secure retirement income that won't go down -- guaranteed. call fidelity at... for details about guaranteed income for life, and change the way you think about your retirement savings. the bill too reign in pay incentives to lead executives to take excessive risks. barney frank on street signs on r at 2:00 p.m. eastern. >> viacom's earnings reveal how much it is suffering for example the economic downturn, but what's driving down the results? julia joins us live with details on what they are struggling with. julia? >> hi, sue. lower video game sales and weaker advertising took their toll on viacom. that reported second quarter profits that excluded items up 23% and a decline in revenue to $3.3 billion. viacom stocks traded up slightee on improvement at the cable netwo

there is that contentious relationship between viacom and you tube and disney and the deal with hulu. they take the target to 560 a share in the next months and is bigger than you tube. success in europe and display growth expected up 40% next year and a recovery in revenue are all reasons to be bullish. it is a bold call and google up about 50%. gold min clearly thinks with the rally, google has lots of room to run. >> thank you very much. jim goldman. let's talk about the market and head down to the floor of the stock exchange. before we ask to you buy in on the bernanke question, the market is moving resilient even though we had moves in the marks. china is a distant memory with the sell off. i assume you are encouraged? >> the market shows the discount and the jobs number and chose to focus on the manufacturing that is 12% of our economy. i think we are still in that looking forward. we are getting out of this and closer to the end in the beginning. still short-term bullish. >> the s&p at 1005. where would you wellic to see it close? >> above 1005 would keep the upside intact, but

some of the viacom's properties are putting shows like john stuart on humoro and all that was is behind a fire wall to get any content that you need to pay a subscription. >> do you know what drives me nuts. i had a demand 10 years ago. nine years into the nightmare, the time-warner deal, they waited this long to put them up. i always wanted to pay and download episodes of the sopranos and they never gave it to me. the technology was there and the dvr and they waited this long. >> your dreams have been realized. >> shame on you, time-warner. it turned me into a pirate. i ended up -- >> don't confess that on national television. i have one last thing. there is a reason you didn't want to download just the sopranos. they wanted you to pay for the whole package. >> they had him willing right here. see you later. up next, stimulus checks for convict getting friended bee the ivs. >> empty calories galore when we come back. carol, when you replaced casual friday with nordic tuesday, was it really for fun, or to save money on heat? why? don't you think nordic tuesday is fun? oh no, it's fun...

. >> yes, viacom? >> yeah, we downgraded news corp and cbs to underperforming because they are the most leveraged to tiesing, and currently most discounting a very aggressive recovery. viacom we downgraded to neutral, because we think that likely none of the stocks are likely to outperform. >> not even with ellen degeneres on -- >> i think that will be entertaining, but paula abdul was entertaining in a different way, so i think it's a sideways call. >> disney is not as beholden to advertising, i think as others you mentioned. >> disney also has a lot of exposure to the parks segment. while there they've managed to contain some of the damage by aggressively discounting pricing to the parks, you know, their margins are still under pressure. until the consumer rally recovers, it's hard to see them driving a lot of earnings growth. >> doug, the relationship between consumption, consumer intentions and advertising is so strong, when you look around the world, doze that holding up in countries that are reco

viacom's paramount division are thinking cheap, very cheap. think twitter and facebook. >> we'll tell you about the new way to sell paramoirparanormal on the other side of the break. >>> surging marketing costs are fo forcing many hollywood films to cut back on the number of releases they have each year. >> this movie is called "paramormal activity." it's made for just $15,000. paramount was aiming to remake it, but now the no-budget flick's limited release has sparked a social media phenomenon and with midnight-only screening has already generated $1 million in box office growth. it's on track to be the next "blair witch project" for paramount which is letting consumers direct its distribution. instead of a multimillion dollar marketing blitz, the strud yo released a trailer. it's consistently selling out and starting friday it will run around the clock in over 150 theaters in 44 cities. paramount is deciding where to roll out the film based on moviegoers demands through its websites. horror fans inputted their age and e-mail giving the studi

time warner is positive, so is viacom, cbs, and news corp all with pretty decent gains. >> cnbc parent general electric reaching a tentative deal to awire vivendi's 20% stake in nbc universal paving the way for a joint venture between comcast and ge to own nbc universal. right, david faber? >> that is right. changing control, exactly. we've been waiting, of course, for this deal to get done between ge and vivendi which has been weeks in the waiting, do difficult negotiate in which vivendi will be paid $5.8 billion for the 20% state. ge has said and believes in the negotiations, they haven't said anything to me, that it should get most of the so-called control premium. that is paid typically when one company buying control of another. hence, it is not $6 billion, but frankly it's a lot more than what ge started at in terms of the bid and ends up at $5.8 billion. as i said ge and comcast value nbcu at $30 billion. this paves the way for a larger deal between comcast and ge. it remains identical to what we've told you about them in the past. namely nbc universal will be spun off into a ne

whether there is value to be found out there the other ones i mentioned are media-related, news corp, viacom, comcast are there in too. >> we're happy you have comcast. extremely happy. >> you like the fact they're going to buy content? >> well, what we like about its the stock was on a risk adjusted basis we thought it was cheap and thought they'd overdiscounted for the nbc universal transaction. >> i was surprised you own both, do i have this right, pepsi and coke? >> yes, but they're very different companies. >> really? one's more international than the other? >> well, pepsico could easily change their name to frito-lay because they make more money on that than soft drinks. coke makes more money overseas and it's oriented toward coca-cola products. they're quite different, really. >> thoughts on pepsi's gatorade discontinuing the tiger line? >> yawn? >> yawn. okay. we found it much more interesting. >> you might want to say, that is compelling and fascinating. that would be better than yawn. thanks for being with us. >> thanks for having me. >> thank you. >> nice to see you. >>> next on "

viacom initiated a buy with $40 price tag. are you a buyer? >> i am because i believe what they said and i also think you get more of a boost from the ubs conference this week. i'll be out by tomorrow. >> r.a.m. is trading higher. are you a buyer of the stock, jeff? >> you've got to be cautious here. it's come from $57 up to $65. let's see if it can consolidate at 65 and then i'm a buyer up to $70. >> oil and oil service names trading to the upside. time to get back in the trade, todd what do you say? >> i say sell. the upside response and underlying crude market's been anemic. transocean diamond offshofr, broken trend line support, i'd stay away. >> we're going to take a pause here. tonight, we check in with the charts and give you the best plays for the last 14 trading days of 2009. coming up next, $125 billion worth of investment advice. where is he putting his money to work? >>> marketing losing focus as trading days dwin s dwindle. where should you take your trading cues? is it time to get defensivewomen pharma. tackling best plays in the

. >> viacom, time warner cable, newscorp and a lot more. will the rebounding economy mean higher ad rates and stronger earnings? want to trade smarter tomorrow? take another whack at today. only thinkorswim let's you replay the day. pick a day. see every tick, every option, every future, every trade, second by second. paper trade against real historical data... so you can test drive tomorrow's strategy tonight. think on demand. get it free. only from thinkorswim.com. rated #1 on-line broker by barron's. ok, traders. meet your giant-brained, multi-armed, wicked-fast, tireless, robotic trading engine, also known as automated trading from thinkorswim. just drag and drop to program your strategy. there's no code to write. you point and click, thinkorswim hears and obeys. your killer strategy's on-line. automatically, even when you're not. thinkorswim. download it free. at thinkorswim.com. rated #1 on-line broker by barron's. >>> i'm julia boorstin in los angeles. welcome back to "power lunch." the improved economy seems to be hemg the media sec

like, you like cablevision and time warner cable and you don't like these big players, time warner and viacom and cbs. i have an in politic question for you, jessica. is comcast overpaying for the assets of nbc universal? >> first of all, we do like a lot of the content companies. news corp disney and discovery. i don't think that comcast is overpaying at all for nbc universal. they have a great deal and their timing was incredible. they are buying nbc at the bottom of the cycle. it's at a creative low. you know, it was before retransmission fees became apparent. so, the timing and the structure of the deal is absolutely incredible and in a positive way for comcast. we think there is a lot of low hanging fruit from nbc universal. in our view, this is a great deal. >> great answer. we'll like that one. john, are you underestimating the impact of this sec attempt to use sensory old regulations for telephone service and apply them to the internet. if you're verizen and you just spent $23 billion getting your network ready for video and now new price controls, isn't that going to cause a problem?

this deal is licensing thousands of hours of video and thousands of episodes from nine different viacom's cable channels. but this content isn't exclusive to amazon. netflix also has a lot of this content. this deal offers $79 a year. since it launched a year ago, amazon has struck licensing deals with nearly every media con conglomerate. but netflix has over twice amazon streaming videos and dominates the market. but it does face some growing competition. not just from amazon, but also from this upcoming redbox and revise on venture. we'll have to see if amazon decides to pony up for original content like netflix has, which of course is a whole new business. >> sure is. >> back over to you. >> thanks, julia. >> and up next, markets roaring ahead this year. in fact, if you trace back to last october and you count to today, you would find yourself in bull market territory. should you be all in? or are there serious reasons to worry? we will talk headwinds, tail winds and no winds. >> all kinds of winds. let's take a look at the commodities complex. a lot of people say get ready to pay more

what do you think of viacom? >> viacom is a buy here. the main reason is the paramount and distribution -- the money they can collect from that content. so as so many people are struggling for content, they have a huge content library with paramount. the oscar bounce should help. i saw "hugo." it was a little scary. they also have nick elodeon. we keep it up. >> we do too. have a great weekend. >> you too. >> i can't believe you put on any weight, tyler, over the last 13 years. anyway, straight ahead, a big boom for big blue. the shares are up almost 130% in three years. sneaking up now on $200 a share. what is behind the surge? and can it continue? stick around to find out. power's back in two.  oh! [ baby crying ] ♪ what started as a whisper ♪ every day, millions of people choose to do the right thing. ♪ slowly turned to a scream ♪ there's an insurance company that does that, too. liberty mutual insurance. responsibility. what's your policy? ♪ amen, omen tdd# 1-800-345-2550 so, i want to trade at a place that real

. >> clearly you should care, but clearly stocks like that can work, viacom, a family controlled company got more shareholder friendly. news corp. is taking a page from that. so, yeah, i think you can still look at it. but be aware of that. >> barton, john, thank you very much. >> thank you. >> all right. when we come back on "power lunch," statten, cholesterol drugs, $30 billion a year. now a safety warning on them from the fda. how the stocks are reacting to that. >>> and big news from gm. they're taking a stake in france. some people are wondering after a few years of a huge taxpayer bailout they're pumping money into a french company. response on the other side of the break. oh! [ baby crying ] ♪ what started as a whisper ♪ every day, millions of people choose to do the right thing. ♪ slowly turned to a scream ♪ there's an insurance company that does that, too. liberty mutual insurance. responsibility. what's your policy? ♪ amen, omen how do you know which ones to follow? the equity summary score consolidates the ratings of up to 10 independent research providers into a sin

also i like viacom. they got beat up pretty bad and missed earnings. market sentiment last week came down here. we're going to see translation into also content, but we'll see how it all works out. right now i think both of those are great plays as we site. back to you, ty. >> all right. jeff, thanks. up next, facebook shares sliding today. so will there be a lawsuit against the nasdaq? and can the retail investor, the small guy, ever catch a break on these kinds of offerings? and call it the parking space for the 1%. you won't believe how much it is going for. you got to stick around for this. we'll tell you. i'm freaking out man. why? i thought jill was your soul mate. no, no it's her dad. the general's your soul mate? dude what? no, no, no. he's, he's on my back about providing for his little girl. hey don't worry. e-trade's got a totally new investing dashboard. everything is on one page, your investments, quotes, research... it's like the buffet last night. whatever helps you understand man. i'm watching you. oh yeah? well i'm watching you, watchi

. >> long viacom. >> that does it for us. don't forget to catch more fast at 5:00. "power" starts now. >> halftime is over. the second half of your trading day begins now. >> someone will love that call. welcome, everybody. it is the revenge of the shareholders. in ontario, executives at research in motion facing the fire today. a live report 30 seconds away. see this face? probably haven't seen him before. a lot of people think he is the man who could reinvigorate parts of the silicon valley. you will meet him today. >>> europe is a mess. what do they need? those countries can't seem to get on the same page. do they need a king? >> mandy drury, innominate you. >> i accept. i'll be king. hi, research in motion executives opening themselves up to the wrath of angry shareholders in waterloo, oregon. shares down 75% and their problems and what shareholders are saying. what is the main take away for us? >> the main take away, though the board was re-elected at rim, it was sort of done grudgingly. i'm taking look at numbers here. t torston hines, ceo, 13.8% of shares wil

up on a hill and chasing down the leaders of directv and viacom. earlier this morning, we heard from someone who said he won't negotiate in public. they had no problems seven years ago but at midnight 17 channels reaching 20 million viewers went dark on directv and that is because they could not strike a renewed deal here. now, we're going to be speaking to directv ceo mike white here shortly at the conference and bring it to you shortly but the big question is, what does it mean to directv's bottom line? the deal proposing is an adding 30% or a billion dollars in extra costs to directv. but is it worth it to pay that much to get the relative earnings? taking a look at the analysts saying, they said viacom is better leveraged. eight channels in the top ten and not worried about the short-term impact. that's not what evercore thinks. they think this could take up to a year to resolve and if it's not reconciled in that time v viacom could see a $300 million hit to 2013 earnings and saying that viacom represents roughly 20% of dtv's viewership and not

viacom says it's an impasse. directv says it has accepted the material terms of the 17 channels pulled from air. in the meantime, both companies are suffering. in the week of the blackout, viacom's ratings plummeted. while disney channel made some gains. meanwhile, directv admits it's had quote some subscriber losses. this comes as the two companies lob public attacks at each other. viacom saying to direct providers while directv urges customers to be patient. directv insists that the sticking point is the insistence of viacom for epix channel. so tyler, we are sure to hear more he said/she said until they come to a deal but i have to tell you everyone's asking me when the kids can watch nikolodeon again. >> exactly. >>> cable stocks in play today as bc partners and the canadian pension plan investment board say they're buying sudden link of $2.5 billion. here's how the cable operators that do trade are faring right now. time warner cable up at 39, up 30 crepts. chartered -- i don't think that's right. i think th

take a look at shares of viacom downgraded. the reason? its high valuation, trading around the 52-week highs. digging through the report, the analyst writing he sees an operational challenge in both major business sectors and reducing the estimate douns to more conservative levels. so that's why the stock is currently down about .7 of a percent. back to you. >> i'll take it. thank you very much. gold prices are about to close in about a minute's time and sharon epperson is tracking the action as she so ably does every day. go ahead. >> thank you. we are looking at gold prices here that are about to close right around $1,623 an ounce. gold is the only commodity today in positive territory and also seeing gold prices right now above the 100-day moving average. when's helped to support gold? part of it may be due to the inflation concerns raised by that usda report on the grain market. and the fact that we're seeing, okay, very high prices for corn influencing the ethanol market and gasoline prices sky high in a few weeks and all of this rais

>> they have a good working with relationship viacom, both paramount studios division that distributes films and nickelodeon that helps them produce and distribute their cartoons for the children's networks there. >> what about the -- >> sorry, forgive me. >> i'm sorry. i was going to say mgm up for sale. by the end of january, we'll have a good sense of who the potential buyers are for mgm, time warner, news corp, potential buyers. mgm library, 5,000 films, it could go between $1.5 million -- sorry $1.5 billion and $3 billion. it will be interesting to see how much mgn sells for and that give us an idea how much contend libraries have worth these days and how much they'll sell for in 2010. >> a lot of interest on the companies that have some content capability already. the industry chatter is time warner perhaps news corp, perhaps lion's gate could be involved with something with mgm. the james brawn franchise come out with a film every couple of years in addition to the library that's got a consistent viewership when the films are aired. >> how do you see the structure of the industr

viacom's daily show and colbert report saying goob to hulu. disney threatened to pull the plug on abc shows after they threatened to pull the plug on the oscars. we're not going anywhere. the second hour of "power lunch" starts right now. >> it does. welcome to the second you're of power lunch. i'm tyler mathis son. breaking in the past half hour, bob lutz, a design maestro, will retire from gm on may 1st. >> i'm sue herrera. rising dollar, dollar weekening. crude now above $80 a barrel. >> i'm michelle caruso-cabrera. we'll carry obama for you live. but first john harwood in washington has a preview what to expect. >> you should look at this event this afternoon as a continuation of what happened at that bipartisan health care summit last week and like that summit, it's not really about reaching out to republicans or getting republican support. it's more about firming up support among democrats. yed the president sent a letter to congressional leaders outlining some steps he said were concessions to republicans. here are those concessions. on

viacom's paramount. that's the controlling shareholder of viacom, of course owns paramount, sumner redstone doesn't see the logic. do you think there will be some consolidation -- >> i see very little. you know, maybe metro -- which appears, unfortunately, to -- >> almost in bankruptcy. >> sumner may acquire that. as far as a major companies, it could happen. i see no consolidation among the major companies. >> among the studios, should there be? >> no. let them each be on their own. do their best to create good product. >> as for his relationship with one of hollywood's biggest stars, redstone is happy to be back in business with tom cruise. >> tom and i are very good friends now. >> what happened there? you were on the outs for a while. >> look, i always thought tom was charming. i thought he was a great actor. behaved a certain period, you know what it was. it was really unacceptable. i thought that it cost us even though his pishg tourding well 100 million bucks. also, just to have him on the lawn at

apple is suing taiwan's htc, ausing them of vie viacom lating patents related to iphone. greece's prime minister says if the country cannot borrow on terms similar to those enjoys by others in the eu, quote, the results will be worse than catastrophic. >>> transportation secretary ray lahood saying his agency may recommend that all new vehicles sold in the u.s. come with brakes that can override gas pedals. >>> a big move in the gold market. decent move to the upside in the oil market, as well. stocks are holding tonight green territory. for more on today's market moves, let's head back down to the floor of the new york stock exchange and join steve grasso. cross currents here, we do have a big move in some of the commodities marks. >> right. >> the euro bouncing. we still have a deens gain in the dow jones industrial average. what are you watching? >> i'm a technical guy when it comes to watching the s&p. we watched yesterday. i told you 1115 was the level to watch, that's where we closed. today we're above. so we have retracement level of 1125, let's call it. a close of

youtube also claims that viacom hired no fewer than 18 marketing agencies to upload viacom content to youtube and that there was no way for youtube to know which clips were authorized to be there, that viacom had created fake user accounts to hide who was really uploading the content and that viacom itself didn't know which clips it had authorized and which it hadn't, even having youtube restore clip that is viacom posted but demanded be taken down later. viacom has a decidedly different take. in an e-mail between youtube founders wrote that youtube was, quote, aiming high. that in terms of the number of users and popularity, he wanted youtube to rank among napster, kazaa and others. other e-mails between top execs at youtube are about copyrighted material. and from south park could be unauthorized. a way to avoid the copy wrigrig might be to remove the "no copyrighted -- another e-mail shows youtube aware of copyrighted material that needed to be taken down but the founders question say leave these in a bit longer? there's plenty more. i'll be putting all this material on the blog. t

. >>> for companies like viacom, the underground business of media piracy is a real threat and cost the global economy a staggering $57 billion a year. for an exclusive inside look at the underground world of media piracy, tune in to a special investigation, the premier of "crime inc." tonight on cnbc and that, of course, comes right before our convention coverage. >>> in the next hour, the world's richest woman throws a giant class warfare grenade. why she says everyone should stop whining and just get a job. and commitment is not limited to one's military oath. the same set of values that drive our nation's military are the ones we used to build usaa bank. with our award winning apps that allow you to transfer funds, pay bills or manage your finances anywhere, anytime. so that wherever your duty takes you, usaa bank goes with you. visit us online to learn what makes our bank so different. i've got a nice long life ahead. big plans. so when i found out medicare doesn't pay all my medical expenses, i got a medicare supplement insurance plan. [ male announcer ] if you're eligible for med

fedex, toyota, viacom are all now among the biggest donors and that list is growing. one advisor told me mega checks from the wealthy will come, they always do. back to you, michelle. >> i'll take it, robert. >>> we're going to dive a little bit deeper now into the business of charities. best ways to collect and distribute money after a disaster like the one the east coast has gone through. with us, ken burger, president and chief executive officer of charity navigator. welcome. what does charity navigator do specifically? >> we evaluate the performance of charities. we rate them on a scale of 0 to 4 stars on their performance on finance and on governance to help people find the best charities for their dollars. >> most importantly on finance, the percent of every dollar that goes to programs as opposed to overhead or other things. >> as well as their ability to sustain themselves. >> we're going to have a big telethon tonight. what is the record of telethons in helping after disasters like this, like katrina, after 9/11, things like that? >> well, they're mixed. on s

viacom is the company and guess who the person is. we'll tell you in two minutes. o. with a deadline. and you...rent from national. because only national lets you choose any car in the aisle... and go. you can even take a full-size or above, and still pay the mid-size price. this is awesome. [ male announcer ] yes, it is, business pro. yes, it is. go national. go like a pro. ♪ [ male announcer ] how do you engineer a true automotive breakthrough? ♪ you give it bold styling, unsurpassed luxury and nearly 1,000 improvements. the redesigned 2013 glk. see your authorized mercedes-benz dealer for exceptional offers through mercedes-benz financial services. >>> the big three indexes all with green airo. a little higher. back with the rundown. the senate floating a proposal that would require americans to pay sales tax when shopping online. supporters say it's going to add billions to state coffers. big box retailers are in favor as well. but opponents say it's going to crush small retail startups. there are obviously, jane, constitutional questions here because there ar

. >>> amazon and viacom announcing an expanded multiyear video licensing -- streaming access to videos, popular kids' programming, and oh my son mac will be very happy. spongebob squarepants, and top rated shows, comes just days after viacom's deal, so they're jumping ship over to amazon. here's how all three of the company's shares are performs. two are higher, and amazon just fractionally lower. sue? >> ty, a judge has accepted james holmes' plea of not guilty by reason of insanity in the colorado theater shootings. it sets the stage for a long mental evaluation of holmes, who is accused of killing 12 people and -- prosecutors will argue he is not insane. they are seeking the death penalty. >>> fireworks on capitol hill, more hearings into the irs tax targeting scandal. this time conservative groups and they're sounding off. eamon javers is with the details on that. >> just another very tough day for the irs, as you say, the house ways and means committee, in which they've invited these groups to share their stories. not a lot of new information being revealed, but a lot of outrage a

see what viacom's felipe dumond sees in the fast-changing world of television. >>> plus, if you're flying this week, watch out. before you leave the airport, you need to see this report as your flight may not take off, particularly if you're heading on an international flight. >>> and we're live in istanbul as protesters there clash with police and now each other. more "power lunch" in two minutes time. this man is about to be the millionth customer. would you mind if i go ahead of you? instead we had someone go ahead of him and win fifty thousand dollars. congratulations you are our one millionth customer. nobody likes to miss out. that's why ally treats all their customers the same. whether you're the first or the millionth. if your bank doesn't think you're special anymore, you need an ally. ally bank. your money needs an ally. >>> let's take a look at the shares of general motors right now. down 43 cents at-34.31. the automaker is cutting the price of its chevy volt electric car by $4,000, said to boost sales. with tax innocecentives and new pricing, a 2013 volt could go for as little

is where the money s.five of the top ten highest paid ceos are in this business including dauman of viacom, number five disney's bob iger and brian roberts of cnbc and followed by david zaslaw of target. larry fink of the money manager giant blackrock and jpmorgan's jamie dimon comes in at number 48. as in dimon's case, realizable pay can fall below the target pay. the study's prime example oracle's larry ellison, a falling stock hurting his options and cutting his realizable pay of 101 million to just 42% of his target pay. tyler, back to you. >> thank you very much, mary thompson. forget about customizing your home. the rise in foreign and wealthy foreign buyers has led to a jump in move-in ready mansions which includes buying everything in the house, including some of the things you would never think that these move-in buyers would really want. our wealth editor robert frank is here. >> thanks, tyler. they are called turnkey mansions, when a rich buyer wants the mansion and everything in it, tyler, i mean, everything. check this out. a mansion in tampa, florida listed at 12.5 million, w

to do that it had to strike deals with all of the content providers with viacom and disney and fuse corp, fox, the problem is they haven't been able to strike the deals yet. they promised it would launch by the end of the year. it's looking like it's not going to be ready in time. >> mcdonald's which announced they are going to start serving fruits and special other kinds of healthy treats. >> love it. >> with their other fare. is it wise for them to stray from the area where they've been so affiliated in the past, burgers, fries, shakes? they've tried this before and it didn't work. >> i still think it's a good concept because as a company you need to find ways to evo satisfy your customer. as a customer our demands and what we wants changes. a company also needs to change their goals and their targets. >> mom, what do you say? >> i totally agree. i think there's a major obesity epidemic in this country and any way you can get healthier foods to kids is a good thing. instead of giving soda, they're giving milk. any way to swap -- >> sliced apples and so forth. >> it's got to be a good t

really the atlanta braves baseball franchise, big interest in media companies like time warner and viacom, stock rose 50%. number 3, sirius xm, the satellite radio on fire, up 400%. liberty media a shareholder of sirius. kinder morgan, energy represented in the top five and, of course, who can forget about that number one like mary said, facebook, that hot ipo, that kind of flopped and found its groove again helped founder mark zuckerberg solidify his billionaire status. all about the stocks, not just their salary compensation. >> thank you very much. he's not ceo anymore but he's made a ton of money from his own stock. microsoft bound founder bill gates making another savvy play but not in tech. it will, we promise, surprise you. apple as you know unveiling new ipads at a big event in san francisco right now. we are there with the latest headlines. we'll have them after this short break. stick with innovation. stick with power. stick with technology. get the flexcare platinum. new from philips sonicare. tdd#: 1-800-345-2550 life inspires your trading. tdd#: 1-800-345-2550 where others se

has been a strong performer for viacom which our next guest can tell us about. philippe dauman the ceo of viacom joining us live from the ubs media conference with david faber. hi, david. >> hey, tyler. thanks for that. appreciate it. as you said, philippe dauman joins us now. they were talking about pair a mount but it's the cable networks that power viacom. i would love to start there if i can. you were talking in your presentation which i was able to attend a lot about apps. one doesn't necessarily associate apps with a company like viacom but these seems to be proliferating. what is the strategy with introducing various apps for your various networks? >> well david, we want to reach our consumers wherever they are. we want to be a part of their life, be as immersive as possible. nickelodeon launched an app very successfully and quickly got over 5 million downloads of the app and allows us to do is to have our viewers view the content, view the video content, even more content if it's part of an authenticated experience with the cable distributor, and also ha

and uni vision has melt with viacom and time warner among others. the viacom supertoday because it's controlled by redstone unlikely to break up or sell. the unanswered -- >> we need to go to governor christie who is speaking right now. >> we opened that issue again? >> i'll campaign for terry branston who is running for o r governor. we'll be sleeping in new jersey tomorrow night. >> i know you haven't decided and if you have i wouldn't expect you to announce it here. >> that's good. [ laughter ] >> knowing what you know right now are you leaning towards it? are you thinking it's likely to happen? >> this is another way of asking the question, isn't it? [ laughter ] >> yes. >> are you leaning? >> yeah. it's another way to ask the question. no i'm not leaning. i'm not leaning in any way. i'm not giving it a lot of thought. i'm chairman of the republican governor's association. my job is to elect as many republican governors as i can. i don't have a 527 or a super p.a.c. or a c 4. >> we're in the second half of 2014. if you're going to do it -- >> i'

some include viacom and fossil. in the financials affleck also on the down side better than 1.23%. last traded down 2.5%. and in terms of the transports we are down 200 points on the transports. we did see money flowing into the gold market although not as much as you would expect given the degree to which equities are selling off. the gold market up about $4. copper market bouncing back as silver. platinum is down about 0.1%. let's go to chicago where rick santelli is tracking action in that and currencies which have been major players and movers. over to you, rick. >> you said a mouthful. down here they don't think of it on a day like today as money flowing into treasuries. they think about it as money looking for a home because it wants out of equities. the natural hedge to weak equities. the treasury market, the boon marngt. we are getting close to double digits down close. open the chart up to early september haven't been down this area on a closing day and the first time we slice through that significant 2.45 this is what happens. you want to watch that level as you have resi

fremont mcmoran and alleghany technologies, viacom and transocean. a tough day all around for bulls, especially with the large cap stocks. over to you. >> thank you. looking for value in a volatile market? one of the market's dividend darlings is pitney which has raised its -- first on power lunch, the ceo. mark, welcome. good to have you with us. >> thanks. >> a lot of people think of pitney as a post hole beater company, but what do people not know about your company, and where is the growth coming from in it? >> well thanks tom. listen we are certainly a postal company, and that's an important part of our heritage and an important part of our future. that said to your point, we're much more than that. we have some great businesses in the world of digital commerce that have been growing substantially for the last several quarters. >> what do do you in digital commerce? give me an example. it's a broad area. >> yeah. absolutely. we have a couple of different businesses. we have a business that focuses on cross border shipping. we have a business tha

cutting its rating in fact on viacom to underweight from equal weight, and we are seeing those lower today. scream streaming media continues to power forward. amazon is down, but google and netflix reports after the close continuing to be higher. these are the big players to watch these days. not to ty. over to nyse. >> bubble liscious. haven't heard that for a while. cnbc talks to one of the most successful hedge fund managers of the past year. what is his secret weapon? power lunch reveals the unconventional indicator in two minutes. you just got a big bump in miles. so this is a great opportunity for an upgrade. sound good? great. because you're not you you're a whole airline... and it's not a ticket you're upgrading it's your entire operations, from domestic to international... which means you need help from a whole team of advisors. from workforce strategies to tech solutions and a thousand other things. so you call pwc. the right people to get the extraordinary done. ♪ ♪ >>> gun milwaukeers like smith and wesson. after the company said it's seeing recent positive trends in

viacom is down. discovery is down. scripps i think was down. how do you see the media industry shaking out over the next year or two? >> well it's been tough since the recession. advertising has been down, and you have a shift towards the internet. it's recalibrating. the economy is getting better. there's low unemployment. the banks are well capitalized, as i said before. general economic help will help the media businesses in the long run. >> do you think we'll see further consolidation? there's been some talk about that. >> i think you need to see consolidation, and you are seeing a dynamic ship going faster and faster to more internet advertising. much of the companies are taking advantage of that. you have a website as well. you are seeing this true convergence now. sit time. i'm getting word in my ear, speaking of greece that, we might have breaking news there. michelle carusa cabrera, what do you have? >> we're getting a number of reports from various wire services that there is a deal in the works. we expect a news conference momentaril

i think it is -- look there's a court case going on now between viacom and cablevision winding its way through the courts talking about unbundleing. there's always been a black swan event court ruling saying this is forced by the courts but otherwise, i think it's relatively unlikely to come here anytime soon. >> let me back up a bit, then craig. in some ways with the apple announcement -- i have comcast at home. they're in my area and i'm an employee obviously but i also use apple tv. hd my switcher. right? is it already happening with apple television and apps in a whip that's unbundling around the end of it? >> yes and no. you know look there's three levels of bundle that go on inside of the content bundle, if you will. so individual shows are bundled into networks. then networks are bundled together into a media con clop conglomerate and they're repack achd as a subscriber. you're seeing bundling on the front end. netflix unbundling shows from networks and from the other end. apple has a deal with everyone other than disney sling tv another one of those services has deal that inclu

why do you choose a disney or a viacom in terms of multiples for comparisons to facebook? >> well people love to throw facebook into the tech category. it uses technology it develops technology, but really it is a media company. it maybe social media, but media it is. so i think that's a fair comparison. it just turns out that you and i and anybody else who posts on those things they are the content creators, not professionals. so that is the risk. are we entrancing enough to come back day after day? i don't know. i don't know when that's going to stop. >> jason, what could be the tape-ones in the report after the bell tonight? what are some of the outstanding issues? could it be expenses are even greater than indicated in the previous quarter? >> i actually think people generally speekt lyly expect them to beat margins. that's one area they give guidance is expenses and they've beaten their expense guidance every quarter since they've become public. that's not really the risk. really it's the whisper game that goes on. right? if earnings are only 1% or 2% or revenue only

leading the carnage viacom shares off nearly 14%. this morning the company reported a accelerating decline. fox shares also plummeting after reporting declining revenue and earnings. the stock is now down over 7%. it was down more than 9% earlier after lowering its profit expectation for the coming year. a $5 billion buyback failing to calm investors. threats the tv business were front and center on conference calls. fox and viacom ceos both saying the companies are well positioned to withstand tv subscriber declines. disney, time warner and cbs shares are also down today, though not quite as far. disney has the advantage of being diversified and having powerful brand and time warner and fox's ceos talk of their direct to consumer offerings. cable companies are also suffering on these concerns about subscriber declines. all of those guys charter cablevision, time warner cable down between 3% and 5%. >>> in sharp contrast netflix shares are soaring, still trading around an all-time high. >>> dominic chu has a "market flash." >> still

viacom up 2.5%. after all the weakness we've had within the sector. keurig which has also had a lousy week managing some small bounce there. both of those stocks there are down 20% for the week. on the downside, micron technology, biogen and charter communication they see in negative territory. >>> stocks falling to session lows then with the dow headed for a seventh down day. now down 3% for the year. the s&p 500 is retesting its 200-day moving average. what's important to point out here is that we've done this twice this summer. on both occasions you see the way in which the market rips higher. because people buy the dip. jim cramer said though that investors are now reluctant to buy the dips. so can you find value in this market? do you buy here? on the right of your screen, andrew slimon, and ken camen. do you buy the dips? >> i would. i think the biggest fear now in the market is the fed, that they're not going to raise rates. >> sorry. the biggest fear is that the fed won't raise rates. >> that they won't raise rates, meaning that they're going

viacom is up there as well. >>> warren buffett's berkshire hathaway paying $3 billion for precision castparts. the company wasn't necessarily having a great year -- until today. stock up nearly 20% today. if you take out today, you'll see a drop for the year of about 4%. jamie cox of harris financial owns the stock. jamie, we were together on friday evening on "nightly business report," and you named this company as 1 of the 3 stocks you love right here. you've been talking to buffett. come on! tell us! you've been talking to buffett, vnts yo haven't you? >> no, unfortunately, tyler, he doesn't consult me when he makes his buying decisions. i take no credit for that. i just liked the company. the fact that it was in aerospace. every single jet engine that's being manufactured today uses parts by precision castparts. the dreamliner. 13% of their revenue comes from general electric. i think this company has enormous opportunity. i'm sad than buffett took out a lot of the profit for the rest of us who like to hold this stock. >> you made this a bet on the growth, the expansion of the airliner bu

another big loser today is viacom. lower by about 2%. this comes as cable ratings are taking a major hit across the board according to nielsen and wells fargo downgrading along with disney, cnbc and fox. bob mentioned ross stores, the biggest gainer in the nasdaq, up by more than 3.5%. it comes as retailers are in focus today with walmart cutting full year guidance and reporting the earnings that missed expectations and tjx which owns tj maxx on the top and bottom lines. tesla higher by nearly 1% following the monster upgrade from morgan stanley on monday with a price target of $465, sara, back over to you. >> thank you very much, kate rogers. how do you invest with the market focused on china and the federal reserve? big question marks. james lu and liz ann saunders from charles schwab. james, i'll start with you. do you look at the media selloff we've been talking about. they've been such a pillar of strength over the past few years during this bull market. >> they really have. second quarter earnings season was a bad one for the s&p.

viacom down 30% today, today higher by 1%. a little reversal there in the media space. >> time now for street talk. even on big down days there's time to find opportunities. let's run through some of the analyst calls out there that you need to know about. first up is sales .com. we talked about it yesterday. you talked about it on "fast money" last night. pivotal research upgrading from a buy to a hold. mostly a valuation call, raised a little bit last night. since the stock has fallen recently, the analyst sees more upside potential. that is what drove the analyst brian weezer to upgrade it. also incorporating a follow-through effect of higher revenues and long-term higher margins. >> i don't know if you were able to catch the interview with cramer last night. he was so bullish. that's the reason why the stock is higher today. we also have to give props a credit squeeze. in yesterday's "straight talk" we highlighted this call. they nailed it. >>> our next stock, the fresh market massive decline in the shares. another disappo

viacom positive for while. viacom, cbs were all positive. they have all since turned back into the red. quite a volatile day. certainly we will keep our eye on those big social media stocks. melissa, back to you. >> thank you, julia. volatile day. where will it take us as a trading nation. a technical analyst, aaron gibbs, equity chief investment officer with s&p capital iq. chris, taking a look at charts, what is an attempt at reversal and failure of reversal mean to you? >> attempt tactically signs of oversold in place. what worries us is this decline is only three days old. i think 2011 playbook actually makes sense here. we had that climatic low in 2011 then undercut that in october. given where we are in the calendar here, given seasonal problems, i still think it's wise to stay patient, wise to wait here. >> to connect the dots, chris and be obvious you're saying in october another pullback. >> i think given weight of the evidence any rally in the short-term is probably not the real good tradeable low. we want more signs of stabilizati

biogen, viacom and apple. >>> on that china discussion, you remember that bet jamie dimon lunch that china's gdp would fall below 7.5%? i think jamie dimon owes me a meal. >> a good meal! not like a mcdonald's all-day breakfast kind of meal. you ask jamie dimon to take you somewhere really nice! >> it ain't happening. >> hello, jamie. >>> ron insana has a new piece out called "this is only a retest." >> for those of us who remember the civil defense warnings. in corrections you typically retest the lows. we're going through the process of determining whether or not last monday's thousand points of fright was the actual bottom or whether or not we have to dip a little bit further. >> what would you think? >> it looks like there's more work to be done and i suspect that we're not going to go straight up from here. all of the markets having a good day. you look for positive technical divergences. advance/decline line has improved. after a disastrous day yesterday, sometimes that marks a certain amount of capitulation. we are getting closer to the end but we're not quite there. >> we had

. >>> second stock viacom. jeffrey saying viacom should be valued 30% higher from where it was yesterday's close, the analysts out with some of the parts analysis has a $60 price target. jeffrey says there is a light at the end of the tunnel for domestic cable network and they offer hidden value. >> the revenue fell year over year because they didn't have any big movies in the quarter all at all. the big movie last year was "transformers". >> third stock blue buffalo pet products, wells fargo upgrading this to a perform. the growth opportunity three to five years is substantial. stock is reasonably priced. they have no exposure to emerging markets. their valuation range 28 to 29 a share, 30% upside. this company is at about 48% compounded annual growth rate the last five years. >> it's amazing there is so much bullishness but the ipo price is 20 bucks, we will see if that holds the price. >>> fourth stock myriad genetics, generating positive buzz sending the stock to a new high in the session. even though the a

viacom is the biggest winner the s&p up 2.5% and adobe systems is up 1%. if you missed any of the big stories, visit powerlunch.cnbc.com. ty? >> mandy, still ahead, we've got five big opportunities for you on this down day, and as we head out, take a look at the dow 30 stocks. goldman, merck, jpmorgan, among the biggest losers. all down more than 2.5% or so. "power" is back in two minutes. >>> all right. we've got a big friday hour ahead including more on this fed hangover. stocks taking a friday swoon. we are at session lows. >>> plus, the ceos of one of america's hottest biotechs is in the house. we'll ask him if his drug trials are going as well as the market thinks they are. >>> and if you're invested in gold, you'll want to hear where it's going. we're not done yet, mandy. >> you ain't seen nothing yet, brian. quick check on the markets. we're sitting around session lows. currently down 281 points on the dow. 28 points to the downside in the s&p. and the nasdaq is down 62 points. so trust me, they're not cheering for the fact that the market is down t

on three big media stocks. 21st century fox being initiated with an overrate weighting while cbs and viacom initiated sector come or hold. >> there's currently no licensed vaccine or cure for ebola. that stock is down 9%. >>> before the break we showed you our mystery chart, a sector up 7% despite the volatility over the last three months and that sector is consumer discretionary. which stocks are taking that group higher and can the run continue into the end of the year in dominic chu takes a look. >> seasonably strong, that's what a lot of people say about the stock market, but certainly for a lot of retail names investors are focusing because it's the holiday season coming up. if you look at the s&p 500 versus the consumer discretionary sector overall, you can see the orange line, consumer discretionary, if you look at the winners, they're not just retail. names like netflix, up 136%. people buy their online dreaming products. amazon.com, up 74% and under armour making athletic apparel we all buy, up 50% here. as for the stocks that have been dragging things down, you have wynn resorts d

other media names here including dreamworks, viacom, and discovery also higher on the day. another 2345iname, athena healt surging more than 20%. other health care i.t. service stocks also getting a bounce today. lastly restaurants faring well. dunkin brands which authorized a $125 million share repurchase. also higher, panera and starbucks. >> thank you very much. the s&p tech sector in rally mode tracking for its best week since mid-july. stocks such as facebook, alphabet, amazon, solid gains. so can tech keep rorg? nicholas is chief market strategist and jason hepstein is from oppenheimer. welcome to you both. nick s there any place better than tech to find growth these days and specifically revenue growth? >> there really isn't, and that's the reason tech is really becoming the most owned group for the fourth quarter. you're seeing in terms of revenue growth that companies like facebook or google or other large tech names and they're generating 15% to 30% growth year on year. you can't get that growth anywhere else and this is the week where tech really broke out and i