dagen: viacom agreeing to terms on a deal, charlie gasparino on the telephone with daelz hey charlie. on the phone: long nightmare i keep saying this on deals forever and forever, this thing, from what i understand from sources close to both companies both viacom, cvs is done, the parties have reached a merger agreement agreed two things that were holding up exchange ratio that is the price of how much you get you in own cbs versus how much you get if you own viacom shares both companies separately traded entities controlled by national amusements run by redstone family sumner redstone out of pocket ailing mogul sheri runs the show you put them together, and both sides have to get certain amount of stock, cbs bigger company so cbs gets more more value than viacom that is what they were working out last couple days delayed decision yesterday a lot of people thought he was coming down till today, they worked that out other thing wording out the keeping joe ianela. >> the announcement i hear announcement coming after the bell today, to see how long joe is locked in they want to keep him

announcement of cs-viacom today after the bell or tomorrow morning. charlie gasparino is reporting on that about a possible deal. adam, paul, are with us. charlie is trying to dot the is and cross the ts as what role joe ianniello plays at the company. assuming they announce a deal, is there larger strength with the company in the landscape, cbs and viacom? what do you make of it. >> there is a strength in a combined company. it is about selling content or buying content and that's what we're seeing here. one of the takeaways on this one, when you look at one of the reasons why i think it took so long to get the reason done, the stock deals in the market today, today we saw all facets what i've been calling the vortex of volatility in action today. and doing stock deals in this environment is just extremely difficult. i think today was the ninth consecutive day the s&p 500 had a 1% intraday movement. those movements used to be few and far between. it is almost like a daily occurrence. stock deals like this will be more the new normal. connell: that is

will it or won't it announce after the bell today an official merger deal with viacom? less than an hour to the closing bell. let's start "the claman countdown." liz: we are just getting this breaking news out of washington, d.c. the u.s. state department is having its daily briefing and right now, as you see, it has just called china a thuggish regime for releasing personal details on a u.s. diplomat who apparently met with leaders of hong kong's pro-democracy movement. hong kong of course has been roiled by protesters furious with china for what they say are china's authoritarian tentacles reaching from the mainland. waiting on more details from the story, but this could cause more agitation ahead of continuing trade talks between the u.s. and china. right now we are still holding on to gains. we are watching it, 298 points for the dow. the bulls appear at the moment to be oblivious to this constant brinkmanship between the two nations. check it out. we have the s&p better by 1.66%. as you see, the dow up 1%. but the true leadership is coming from the small and midcap

tracee: viacom, cbs cheap bob back et told investors star trek has significant potential to leverage across all company platforms. cbs has the star trek series launching next year. some are looking to the star trek universe to rival the marvel and star wars universes which are controlled by disney. and there's sopranos news, michael gandolfini is playing michael soprano in the new movie. the 19-year-old actor tells esquire he never watched the hit series until he was cast in the prequel. he said watching the series was an intense process. the movie is set to be released next year and that's what's happening now. cheryl: that's got to be tough. that's why he didn't watch it. lauren: he was only 14 when his dad died. cheryl: we've got a lot more coming up this morning. if you like to kickback with some netflix, hello, you may want to hit the pause button. why a bit of binging might be really bad for you. and, snoopy had better fire up that typewriter. how one company wants to hire your dog. you're not going to believe it. keep it here, "fbn: a.m." ♪ haven't i made it obvious. ♪ hav

more 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

viacom -- sorry, cbs up 27 cents. viacom down one cent. >>> advance auto parts. the profit fell short. down it goes, 4% loss there. let's check bitcoin. susan: let's. stuart: it's 11,100 a share. that's a flight to safety? i don't think so. susan: goldman came out with a note, they are putting a price target on bitcoin of $14,000. i can't believe that. goldman actually put a forecast. stuart: i hear keith say no way. susan: it won't get there? >> no way. i mean, it's preposterous they have that kind of valuation on something that's completely fabricated ostensibly for people who don't trust the government to begin with. like we don't have enough problems, we are going to pick a cybercurrency you can't use? $14,000 is preposterous. stuart: a bitcoin owner must have zeroed right in. pulled back out again. we got a close-up there. just as you talked about bitcoin. >>> where's the price of oil this morning? show me, please. the price of oil is $54 per barrel. here's what i'm interested in. we are back to declining gas prices. $2.64 is your national average. we are fa

. >>> viacom and cbs worked out a deal where viacom's chief robert bakish could lead the combined company if they reach a merger deal. both stocks down in a down market. >>> where's oil? that's interesting. despite the seizure of a tanker in the gulf by the iranians, lots of goings-on there, despite all of that, $54 per barrel for the price of oil this morning. how about that. gas keeps on coming down. not a lot, but the average now is $2.71. i keep reminding people, we have had gas buddy forecasting 50 cents a gallon less by the end of the year. >>> fed ex and ups, they are going to pay their sunday drivers less than weekday drivers. that's the report. why would they be doing that? you are the economist. >> that is strange. maybe they can get away with it because people do this as a part-time job or something? so you get an increased supply of drivers on weekends as opposed to during the week. ashley: that makes sense, right? stuart: it does. ashley: if you are going to go seven days a week, try to save with lower paid drivers on sundays. stuart: owhat are the drivers wo make less on the

let me ask you a little bit on cbs and viacom, where is this thing going? >> i hear it is not going to happen today. that is kind of obvious. it could happen tomorrow i'm hearing. neil: well -- >> listen, it will be a big deal, it is interesting, cbs is always thought of, one of the biggest, greatest names in broadcasting, and it is, part of a company now that is not that big. if you even merge it with viacom, which owns mtv, nickelodeon, other properties with cbs, you have something like a 30 billion-dollar company which is small between tech. the question why is it taking this long? they would like joe ianniello to stay on with his contract as stablizing force with the company, sell the merger to analysts, see what happens. going forward it will be interesting. there is talk of growing the property, buying nickelodeon, by i hear they're looking to sell, shari redstone, has everything in one, is looking for a nest egg for her grandkids, children, grandkids, you name it. you know, they're looking to sell out. so, but that, i'll tell you, buying this company

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

all-time low last year, 5.25 million on all viacom platforms. the all-time high was 60% higher in 2011. as these shows get more political, the viewers turn out. my best part was the host, the comedian, one of the best out there, did a whole monologue in the beginning that attacked millenials and safe spaces. he's a comedian. he got beat up on twitter and social media for being insensitive. politics for you. go figure. stuart: go figure. lauren: go figure. stuart: expression of the day. go figure. thanks, lauren. >>> take you one more time, even though we do have a sharply inverted yield curve, the market continues to go up. we will be up about 120 points at the opening bell which is in four minutes' time. which you will see right here. ♪ ♪♪ ♪♪ ♪♪ is it to carry cargo or to carry on a legacy? its show of strength or its sign of intelligence? in crossing harsh terrain or breaking new ground? this is the time to get an exceptional offer on the mercedes of your midsummer dreams at the mercedes-benz summer event, going on now. lease the