paramount global down 6%. the worst day since the middle of june as we have edgar bronfman jr dropping out of the bidding war for the media company after cementing deal terms last week. interesting tug-of-war here. to the upside i'm not sure what is behind this. i don't get to say that often. i always like to say i don't know. it is a sign of the obvious none of us knows everything. these are the stock -- top stocks of the s&p 500. you can see some of the online travel agent. those are higher as well. i'm sure the why will come out. these are among the top stocks for the s&p 500. and then finally let's take a look at the big one. this will be the stock of the day. it is the stock of the times. nvidia over the last seven days. last week in the first two days of this week, up down come up down. it is down over this time. seven days it is up. 10 days at is up. it is higher. the quarter tomorrow, the big question is will they be able to beat in a massive way? something i would propose is while the numbers no matte

what does sky dance do with paramount? how do they move paramount forward?ance and redbridge coming together. hannah: sky dance partnered with redbird capital. they are drilling down saying that you need to tighten the belt, trim the fat. in june, the three co-ceos a paramount identified $500 million worth of cost cuts. they said on the earnings call yesterday that the layoffs are part of that. this is kicking off a tough time for paramount. they will have to drill down, identify where they can trim fat , and make a leaner business. with these traditional tv networks, we are seeing, obviously, the streaming platforms being emphasized. the layoffs are targeting various departments, marketing, communications, support functions within the company. it will be interesting to see who is left at the end. manus: we saw good news on the streaming platforms yesterday from warner bros.. the ad revenue and streaming was up, overall acquisition on streaming was up, and it's a competitive environment. what is reflected in that story? hannah: paramount saw an increase from

so, paramount, the numbers on the right down, the story behind the write down specific to paramount, what is going on? >> it is similar to one brothers discovery. they are writing down the value of their team a network -- of the tv networks. they have taken to reevaluating their cape -- cable television as streaming continues to grow more popular. what is different here is with paramount you have the backdrop of its deal with skylines. that is expected to finalize in the first half of 2025. there is still a 45-day period where people can submit competing offers, but there is a lot of bullishness because of this pending deal. ed: i'm reading through your story. by the way, hannah miller, pretty new to this be. have busy have you been in those first few weeks of covering the media industry? the paramount part of the story is cost reduction and cost cuts as well. is that directly related to the right down or is that a different story? hannah: before we learned about this right down there is this whole $500 million cost-cutting effort that paramount has undertaken. and then's guidance ha

paramount's board confirming.ce in the first half of next wryear. >>> spacex delaying the launch of polaris dawn until at least tomorrow morning. >>> shares of tesla looking to bounce back after shedding 3% yesterday it comes as canada announced it's going to put fresh tariffs on chinese car imports that includes tesla's made in china. and xpeng is launching a model three competitor today. goldman sachs said the s&p could look at a new all-time high this week. and a federal judge ordering martin shkreli to surrender any companies he may have of a rare unreleased wu tang album. a crypto group is accusing him of keeping digital companies violating the purchase agreement. >>> and the home index is out at 9:00 a.m. we get earnings from box, nordstrom and pvh, the owner of tommy hilfiger and a number of other brands. >>> and investors are awaiting nvidia earnings tomorrow and july pce on friday. >>> let's bring in bill blue always great to have you here. >> thanks for having me. >> i want to get a sense how you see tod

paramount billed it as america's first movie theater built for sound.. jazz greats like ella fitzgerald and duke ellington played the paramount. ♪ roll over beethoven ♪ >> reporter: the birth of rock 'n roll would bring chuck berry and bill haley to its stage. ♪ going to rock around the clock tonight ♪ >> reporter: but in 1954, long island university bought the building. so how long has this been a basketball court? >> since about the early '60s. >> reporter: before its restoration, back in 2018, keith sheldon told us that for more than 40 years, the theater was home court for liu brooklyn's basketball team. then called the black birds. this is the original organ. >> this is the original pipe organ. >> reporter: which comes up from the floor? >> yeah, lifted from the floor throughout hydraulics. there aren't many of these around mihm. in fact, there are only two. and this is the only one with all the original parts. ♪ >> reporter: the old wurlitzer was even used during games. but the paramount's legacy was in danger of vanishing. so you had to build a w

a new suitor for paramount global emerging.n has made a $4.3 billion offer for national a amus amusements. the company that holds a controlling interest in the giant. the apparent move comes after skydance reached a $4.5 million agreement to acquire paramount. that agreement contained a 45-day go shop period. that allowed parmen amamount evaluate other offers. >>> and boeing pauses the 777 x tests. it has grounded three other test planes. reuters reporting that the faa will require inspections of boeing's 787 dreamliners after the march incident where a plane went into a sudden midair dive. it was due to a movement in the captain chair to cause the auto pilot to disconnect. >>> shares of amd giving back the 4.5% gains yesterday. we are seeing it slightly higher right now after revealing plans to buy server builder zt systems for $5 billion. speaking to cnbc yesterday, amd ceo lisa su touting the logic behind the deal. >> zt is really a very strategic acquisition for us. to grow our market open opportunity and penetration in the

a bidding war for paramount.er the former chief executive of warner music group is looking to gain control of paramount. that's according to several media reports. but you might remember that back in july, sky dance actually agreed to buy a controlling shareholder of paramount. what happened here is that there was a 45-day window in which other offers could be made. let's see what's going to happen here and how this is going to unfold. meanwhile, all eyes on bryon nicol. the new ceo of starbucks. he's not relocating to seattle where the company is headquartered. the new ceo can keep his residence in california and commute on a corporate jet. i have to say, however, that he's not theonly one doing so. and actually, there seems to be a growing trend of what's being called the super commuting ceo. >> okay, sylvia, thank you so much. >>> a federal judge in texas has struck down the ftc's ban on non-compete agreements. the judge said the agency doesn't have the authority to issue the rule, which would have taken effec

an earnings alert on paramount.higher after the direct to consumer business reported a profit for the first time. julia boorstin has the details. hey, julia. >> well, shares of paramount are up 5% in afterhours trading. this after the company just announced in its earnings call that it is cutting its work force by 15%, saying these layoffs will be largely completed by the end of the year. they cut redundant jobs. this is part of the execution of the half a billion dollars in annualized cost cutting that they've previously disclosed. this comings after paramount missed on the bottom -- a miss on the top line, excuse me, beat on the bottom line, and took a $6 billion impairment charge on the value of its cable networks. the company's streaming division reported a surprise profit for the first time, even as it lost 2.8 -- lost 2.8 million subscribers. and the company said it would lose money in the third and fourth quarters. so, profit this quarter, but it's not going to be consistent until next year. paramount, like w

paramount and more.rino here to tell us if this is finally the end of the long running hollywood deal travion green ma. currently breaking it down next on claman countdown. ♪ clem's not a morning person. or a...people person. but he is an "i can solve this in 4 different ways" person. you need clem. clem needs benefits. work with principal so we can help you with a plan that's right for him. let our expertise round out yours. ya know, if you were cashbacking you could earn on everything with just one card. chase freedom unlimited. so, if you're off the racking... ...or crab cracking, you're cashbacking. cashback on flapjacks, baby backs, or tacos at the taco shack. nah, i'm working on my six pack. switch to a king suite- or book a silent retreat. silent retreat? hold up - yeeerp? i can't talk right now, i'm at a silent retreat. cashback on everything you buy with chase freedom unlimited with no annual fee. how do you cashback? chase. make more of what's yours. did i read this? did i get eggs? . . you fou

paramount is cutting 15% of the u.s.e as a broader cost saving plans. >>> capri holdings missed estimates as it is hit by soft global demand for luxury goods. >>> and suitegreen raises full-year outlook with s same-store sales rising 9%. >>> and jeff schmid is more confident of the 2% path for the fed. he will consider adjusting rates if inflation continues to fall. >>> let's see how the final trading day is shaping up as the s&p is coming off the best day since 2022. we are looking at futures across the board. joining me now is malcolm ethridge. malcolm, good morning. great to see you. >> frank, great to see you. >> malcolm, how do you see today shaping up? what is your "wex" word of the day? >> my word is opportunity. i understand in hindsight we can look at the decline that started last week, friday nointo this monday, created a buying opportunity for investors willing to put money to work. for those who didn't, i don't think all is lost. we will have more similar opportunities between now and the first rate cut to ca

paramount gaining as shares gaining on surprise profitability in its streaming division.$6 billion writedown on value of its tv assets. that stock is still down 30% year-to-date. paramount's three interim co-ceos reassuring investors they're on track to close the skydance deal and the new company will find $1.5 billion in savings as it struggles with decline in linear business. all of this speaks to the challenge of competing with netflix, which surged past expectation, not bogged down by any legacy businesses. on the upside for the media giants, there were signs of strength in streaming across the media industry. at disney, its streaming assets turned profitable a quarter earlier than expected. pay cob narrowed its losses with the promise of a boost from coming nba rights. warner bros. discovery with a $9 billion writedown in its linear weakness still had a surprise strength in subscriber gains in streaming. but for warner discovery, without the scale of a disney or comcast or paramount solution with a merger deal, plus the fact it's losing its nba rights, is under parti

watch paramount shares, edgar broncman jr.id, paying the way for skydance to move forward with its own deal for paramount. shares of super micro falling. short seller hindenburg research saying it had a short position in the server maker. super micro down 3%. >> who will be able to tell us what the 10-year yield is doing, rick santelli and tell us about the consumer confidence data that's just crossed. rick. >> yes. well data hitting the wires now, but not all of it, the headline for consumer confidence from the conference board expected to be around 101 or slightly lower. comes in better at 103.3. that's the best, well, since february of this year. in the rearview mirror we see a subtle revision from 100.3 to 101.9. present situation, expectations, don't quite see them yet. my apologies. now let's go to manufacturing and service, shall we? from therichmond fed, if you look at manufacturing, minus 19. we were expecting minus 14. what's notable here is this is the weakest since may of 2020. it's the tenth consecutive negative m

she is a paramount down for an half% in the premarket.:00 o'clock at night. it does not want him to steal stuff. this affects seven locations in washington, d.c., two in baltimore and three in prince george county maryland. anyone under 18 must be in company by an adult in the evenings and in a bag larger than 14 inches not allowed most of the stores if you want to bring it in the have to search it when they exit. retail theft in our market area affects everyone. it limits product availability, creates a less convenient shopping experience and most critically puts our associates and customers in harm's way. data from capital one chose retailers in d.c. lost $120 million in revenue to theft in 2022. that number is probably hired two years later. ladies, even the american workplace is not safe from the political divide. check out the new harris poll conducted for indeed.com. over a third of employees admit to openly discussing their political beliefs at work which might complicate things as 42% find politics have impacted their work teams.

paramount global has announced it will lay off around 2000 people, or 15%, of its us workforce. begin in the coming weeks and conclude by the end of the year. paramount also announced a write—down of its cable channels mtv and nickelodeon by nearly $6 billion. the major restructuring is part of the company's plan to reduce costs ahead of its merger with skydance media. deliveroo reported its first—ever profit from january to june bouncing first—ever profit from january tojune bouncing back first—ever profit from january to june bouncing back from first—ever profit from january tojune bouncing back from a loss in the same period last year. the british food delivery company made a net profit of 1.5 6 million driven by a rise in orders as consumer demand picked up. shares of deliveroo sought over 10% in london. turning to singapore, where the city's new prime minister lawrence wong delivered his first national day message on thursday. among several issues addressed, mr wong pledged to bring down the high cost of living in the country. he also said more support would be provided to

paramount plus has 68 million subscribers. that is far fewer than rivals such as netflix and disney plus, frank. >> interesting to see this play out. taking a look at paramount global shares. up .5%. thank you very much. turning attention to the big event for the markets this week that, is nvidia earnings set to report on wednesday. shares jumping 4% on friday adding to the staggering year to date gains. now up over 160%. but that is just nothing compared to the last ten years. take a look at this chart. this is quite the chart. nvidia shares are up over 26,000% during that time. expectations around results for this quarter, they're sky high as well. they expect another drop the mi performance. they say they expect a strong quarter. and the results, they could have a major impact on the broader markets. we've been discussing here on "worldwide exchange," the stock accounts for 6% of the s&p 500, 7.5% of the weighting on the nasdaq 100. post earnings, the stock has the potential to swing 10% either to the upside or to the down

caroline: is a bidding war brewing for paramount? let's check in on the markets. it is a good week if you are on the markets. and nasdaq 100 having its best week on the year since november, up almost 5%. that is 1.3 trillion dollars being added to the overall benchmark, a significant sigh of relief from the volatility of last week. consumer data showing sentiment is on the up, counteracting that housing data on the day. what are you looking at? ed: i'm going to applied materials. a company that makes the machines that makes the chips, down 3%. they were really high expectations and its forecast for the current period where the market wants to see all of this investment around ai in particular is translating into more equipment, more chip manufacturing equipment, investment david we will get to that in a moment. the other story, texas instruments to receive $1.6 billion in chips act grants, $3 billion in loans, the biden administration announced. it is the largest major award from a program designed to boost american semiconductor men. we are joined by ian king ons

which takes me then to the paramount/sky dance deal.o get the numbers from paramount later on. what goes through my mind is, if you're living in such a tortured world over here, in various parts within warner bros., what does that set the stage for for paramount and when are we going to know what sky dance are going to do with it? >> i would put these two companies very much in the same situation. both legacy, cable tv businesses, trying to make the transition to screaming -- streaming and right now it's not clear they're going to make that migration on their own. will they find partners? i think david on the call yesterday sort of talked a lot about mergers and acquisitions. his company was up for sale, he said, certainly these are things we're looking at. paramount obviously doing this big deal with a deep-pocketed investor, the ellison family. but their strategy isn't all that different than what current management is doing. which is cut costs, try to find partners and reinvest in content. >> it's certainly a crowded market. you look

paramount global is on the rise up 2.2% after media entertainment company streaming platform paramount+ reported a profit for the first time in three years and business reported a sharp slow down and 6 billion value on the cable business and paramount cutting 15% of the u.s. work force as part of its plan to cut costs ahead of that sky dance merger and the street really happy to see that strength and streaming out of paramount. company reported a loss and missed revenue expectations in the second quarter and sales fell from 4.36 billion to 3.95 billion. that was well below the 3.98 billion estimate and decline led by subscription lolosses and mobile paid tv and broad band businesses and customer haves to cut costs. the wireless operator could be forced to declare bankruptcy by the end of the year if the losses continue. coming up, two boeing astronauts stranded on the international space station could have to wait until next year to return to earth. former nasa astronaut and long time commander of the iss is here to give us his view from 10,000 feet on the astronaut stock in space and

paramount expects the sky dance deal to close in first half of 2025 pending regulatory approval. >>>nwhile, apple announced that the cfo will step down from his role on the first of jap january, moving to a reduced position where he will oversee i.t. and development. he will be replaced by kevin prague, an apple insider who first downed the company in 2013. apple announced it will hold a press event at its headquarters on september 9th where it is expected to announce new iphone and apple watch models. the impact of a.i. features on iphone sales will be closely watched as the tech giant looks to drive a fresh upgrade cycle with sales falling 1% on the year in the third quarter. this will be really, really interesting to watch. of course, apple under pressure here not just to deliver on the new iphone where it has been, at least according to some tech insiders, at least according to the market, perhaps a little bit behind on the a.i. race here. exactly what it is going to announce on that a.i. development trajectory is going to be critical for the market, given the laser focus investo

national amusements is the holding company that holds a controlling interest in paramount global. it could be that this bid even goes up from here so it sounds like it is game on when it comes to this and we'll continue to watch and see what happens with it. all right. that does it for us today. see you back here tomorrow. right now it's time for "squawk on the street." >>> good tuesday morning, welcome. i'm carl quintanilla with jim cramer. we'll hear from faber momentarily. the s&p and nasdaq going for their ninth straight gain today. the longest streak for the s&p in some 20 years. >> oh, my. >> as we're about 1% from all-time highs. s&p, nasdaq and the ndx aiming to extend their win streaks. nvidia leads the mag 7 surge even though the rally has been quite broad. lilly says its weight loss drug cut diabetes drug by 94% in a late stage trial. david ricks will join us later this hour. let's begin with the market and the rally. a lot has been said about even though the volume is low, the breadth has been pretty impressive. >> yeah, look, there's -- we're seeing buybacks, record l

. >>> and "the wall street journal" is reporting that skydance is accusing paramount of breaching ther the company with its recent decision to extend its go shop window to work with other bidders. that was extended to end wednesday but extended in the wake of a $6 billion bid from edmund broffman jr. paramount shouldn't have extended the window and it should stop negotiations with broffman, frank. >> a lot more to come when it comes to this story. >> absolutely. >> thanks so much. see you later in the show. >>> turn our attention to the 2024 race. vice president harris officially accepting the democratic party's presidential nomination last night. harris using her speech vowing to unite the country and stressing that building the middle class will be a defining goal of her administration if she is elected. >> i will bring together labor and workers and small business owners and entrepreneurs and americans companies to create jobs, to grow our economy and to lower the cost of everyday needs like health care and housing and groceries. we will provide access to capital for small business

but you know, that gets me to par paramount. cover more closely than many others. warner bros. discovery was a key yesterday, watching that stock lose as much as 10% or more of its market value. significant writedown there. continued questions about the linear cable network. same here at paramount, but it's a bit of a different story, isn't it, in part because the company is -- at least a lot of it's getting bought, so you've got that bid for it. remember, of course, the skydance, red bird transaction, calling for as much as -- for 50% of the company to be bought at a higher number than here, 15 bucks a share. that said, you still will have a stock that trades on the fundamentals. it's up this morning, not because of losses at the linear networks, not because revenues were down 11%, but because, as was the case at disney, there was some signs of life, so to speak, in terms of profitability at direct to consumer, that being paramount plus. overall, revenues of $6.8 billion, as i said, a year over year decline of 11%, led by decli

palestinian resistance is very also essential and paramount and has helped build the resistance in palestine and in gaza. the islamic republic has the biggest chair in giving support and strengthening and increasing the strength of this power. it has also given funding to the resistance in palestine and therefore the support of our brothers in "the islamic republic of iran is something that we are grateful for, we that we welcome. it is unconditional. iran has never condition given any conditions to give support to the palestinian resistance and has asked for nothing in return of this support and this assistance. of course, this is a religious stance. this is a stance of faith, this is a political stance, and therefore we heard also from the leader of the revolution, this is, this is the cause of all the palestinians, this is the first uh..." capital for muslims and god almighty has said that he has blessed blessed what the surrounding of quds and therefore god willing we have also believe that this support that will not stop it will continue and it will even become more advantageous and wil

like, paramount in a death spiral.getting shut down. a change in the land scape. the hope of lesser competition has evaporate d because of the skydance. in terns of warner brothers thesis, the problem is, breaking it up, andrew, sitting we david zaslav onstage and asked about the nba. he responded, paraphrase. like, we don't need to always rent sports. we want to create more and more content. implication they have enough to survive without the nba. investors are worried. didn't really answer the question. probably because they're in the middle of a lawsuit, but can't speak freely right now and investors hate uncertainty. they've created uncertainty, but i want to address brian's question. if the nba is catastrophic is c the lawsuit talks about, then breaking up the company, you can't do that because you don't have a viable cable network business. if losing the nba is actually financially accretive, and this was a smart decision to let comcast and nbc win the nba, then why would you want to break up? the market is wrong

. >>> paramount global is extending its go-shop period with skydance by 15 andays.s as it reviews an offer from edgar bronfman which he upped to $6 billion. bronfman argues his offer is better because it would eliminate the risks and costs associated with combining paramount and skydance. we are seeing shares up about 3% in the pre-market. >>> disney tasking board member james gorman with leading the search for iger's successor as ceo. he will chair the executive planning committee to vet the candidates. internal candidates include disney co-chairs and espn chairman and head of disney parks and experiences. frank, a big pool. >> a big saga. silvana, thank you. see you later on. >>> time for the big money movers. three stock stories of the morning. snowflake reported better than expect expected earnings as raised guidance, but the bears are look looking for the deceleration for the rest of the year. the ceo spoke with jim cramer on "mad money" last night. >> it is in the product philosophy of making technology simple, not more complex. we are very, very confident thi

>>> let's get to paramount. edgar bronfman looking for a bid for paramount. the word of the potential bid comes a month after shari redstone agreed to sell to skydance media. ellison would have the right to counter any incoming bids. the story goes on. >> it is interesting. barry diller suspected when we were in paris, he said he had taken a look at it. he said he was out. suggested that it would be very difficult for somebody else to come in because you have to pay the $400 million. it is also the extra investment you have to makeover time. i don't think anyone thinks all is clear here. it is not just the investment you are buying here. you may have to put up extra capital. >> my attitude is this story went on for five years? then it was sold. now it's back in the news. can it be over? >> it will be. in a couple of weeks, it will be. it is also unclear, by the way, whether shari redstone would agree to a different deal with another person. it is not easy. >> it is not just the highest bidder. >> the matching right and special economy. they could look at the

. >>> paramount is finally ready to roll the credits on its merger drama. a live report from cnbc with how it all finally came to an end. >>> and ever wish you could ignore your boss? the new law helping one country reclaim their off time outside of work. we're on the clock this tuesday, august 27. "early today" starts right now. >>> hi there, glaz d you're wit me. we begin with the growing debate over whether there will be a presidential debate. donald trump and kamala harris are expected to face off exactly two weeks from today. but donald trump is suggesting he may not show up. and the harris campaign is asking for a rule change. alice barr joins us now. what are the sticking points for the campaigns? >> reporter: good morning, frances. former president trump says he does want to debate vice president harris, but he has been criticizing the network that's set to host the debate, abc news, saying he believes that network is hostile to republicans. but there's also another twist here. the harris campaign is asking for a rule change. they want microphones t

presents to the and gives to the palestinian resistance is very also essential and paramount and has helped build the resistance in palestine and in gaza. the islamic republic has the biggest chair in giving support and strengthening and increasing the strength of this power, it has also given funding to the resistance in palestine. and uh therefore the support of our brothers in the islamic republic of iran is something that we are grateful for, we that we welcome, it is unconditional, iran has never condition given any conditions to give support to the palestinian resistance and has asked for nothing in return of this support and this assistance, of course this is a religious stance, this is a stance of faith, this is a political stance, and therefore we heard also from the leader of the revolution, this is the... cause of all the palestinians, this is the first capital for muslims and god almighty has said that he has blessed plus what is the surrounding of al quds and therefore god willing we have also believe that this support that will not stop, it will continue and it will eve

the trigger point last week, the deal is in limbo, sky dance is on the ropes by paramount. move forward with regulatory checks. as soon share a redstone agreed to, somewhat principled, they had the go shop period as well but moving towards sky dance. they went to the justice department and lobbied them and told them what the deal was about, who is in it for the money. greg berg has money and other funds. there are other funds that it controls but not the one that used for this, us money, pretty clean deal, just this last week approved the it. when the board started reevaluating the problem in 19 different people, the fact that they said okay, we've got a bird in our hand here which has regulatory approval. they need to get the fcc approval which is a fader calmly once you have doj approval, that might take a year or two or a year. it was a no-brainer. whoever was on the worried side, this story is triple riveted sources, people have confirmed it, people at sky dance have confirmed it. whoever it was, the smart lawyer who got this thing done. give him a metal. forever. kelly

right here on kpix and also streaming on paramount+. thanks again for being here today. >live>thank you. thank you. >ott-1>well, coming up, a south bay south bay chip maker is being hit with a major lawsuit. we have the latest on the complaint against intel >>>get your first look at the re-energized 40 niners. ken brock purdy, take the red and gold all the way. it's the preseason opener in the music city >ott-1>and it was a banner day on wall street, thanks in part to some positive news on the economy. the labor department said initial jobless claims totaled a totaled 233,000 for the week ending august 3rd, which was below estimates. with that, the dow surged nearly 700 points. so let's see where the markets are sitting right now. and down just a bit in the red, about 64 points. well now to more bad news for struggling tech giant intel. one week after announcing 15,000 employees are losing their jobs, the santa clara based company is now facing a lawsuit from its own shareholders, who claim the chipmaker concealed its financial struggles. investors say they were blindsid

soon there will be a mini. paramount importance, to improve the quality component of services provided to the population. all this is the same social standards: go to school and really relevant character and kindergarten, to the library or post office, buy or repair, be healthy and keep fit, go to clubs or go to church. by the way, something new will soon appear in the village of treskovshchina. the other day, in the presence of the metropolitan , a capsule was laid in the foundation. in honor of the assumption of the blessed virgin mary. the village can and should compete with the city in terms of quality of life and convenience of infrastructure. this is not just a fashion for comfort, it is a social standard. its history, its nature, its culture, its faith. its people and its generosity. once you feel it , you will never forget it. everything here is real. a beautiful woman, first of all , is a self-confident woman. she looks confidently into the future, she does not look back at the past, she believes that everything will be fine, and life will turn out the way she wants, only she

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paramount reserves to do that in the future and bronfman declined to comment.king about succession. succession much more interesting. maybe this is getting interesting. there's been a lot of twists and turns, but all i take away from it is how sad it is that -- that the redstone family didn't sell this five years ago. >> well, and also to your point, what are the next chapters going to be? what is the -- done a lot of reporting on this but other than massively cutting back expenses. >> right. >> what's the real vision here, and to your point -- >> for any company, anyone in this business, but especially one that doesn't have anything else and theme parks. doesn't have broadband. >> yeah. >> what else? there are some companies that are better positioned and everybody says netflix is best positioned. >> we talked about the stock. >> we did, yeah. >> and i'm on record. when it was 180, i said if i could buy stuff which we can't, would i have mortgaged the house, unlike you and your ibonds, i would have mortgaged the house and put every dime. >> the ibonds. >> you

two weeks since they started, they started this search, this is something that her advisers said was paramountbility there and an ambition point but also that he understood that they both had a clear understanding of what the role as her number two would be. i think these are all majorfactors. what about some of the points of criticism from republicans, that tim walz is a radical, leftist and someone who will represent exactly what kamala harris has in her policies as well. how do you see them defending their record on that front? yeah, i was talking to someone earlier about this and they said the vice president was no stranger to being attacked. ——stranger to being attacked herself by republicans for being too liberal, we have heard that from them since she replaced joe biden on the ticket, all of these different accusations thrown at her have been thrown at her really for the last three years while she has been president biden�*s number two, so there was an understanding between them. also, the vice president sees tim walz as a fighter, notjust in the last two weeks, where the democratic par

i brought my paramount file and that's getting bigger by the moment, but on u.s. give you a key point here. >> yeah, and by the way, i -- you without your file is better than everybody else there is, so i'm not going to go with that file/no file. >> the key consideration, and i know "the new york times" had a long story on it today as well, as far as i've been able to determine, is this $1.4 billion promise that nippon steel has made but has yet to deliver dlid delineate in any way in terms of, is that going to be new investment or simply what is needed to may happeintain curre investment? and they have not gotten any clarity on this, and the union, of course, at this point, remains opposed to the deal, as does, of course, cleveland-cliffs. was he on with you recently? >> yes. i think lorenzo gonzalez is going to get this company >> you do? >> yes, because the union, and our president is still the president, is a union president. >> there is word -- there is, but there's -- >> at the same time, there are others who would say -- cfius is its own process that is run

interest and that idea of the paramount interest of preventing installation. now, if there is no deal and the americans are convinced that it was mr. an attorney, you know, who undermined to make sure it wouldn't have taken the rails a last minute opportunity. and i think that i'm, i'm like, um, what they have done in the last 10 months. they will stand up and review him powerfully. if that happens, you will see mass demonstrations in agile spots. you will also see major opposition coming from the uh, security branch of the intelligence branch is the security branches and the military itself. so this is very bad. permission that i know if there's no deal around me. i, we close a then of a to a why the admitted to confront ation of his bonds with a wealth that we've had wider confrontations of this region over the years. and they come and go. but the fear now is this, this is there is a regional war where they run his belong to us from others. that this would be bigger scale causing much more damage. the ever popular because of the nature of the weaponry that's

how are you trading paramount? >> wouldn't touch it with a 10 foot pole.atch the documentary on this drama some day, but don't buy the stock. >> david bronson, thank you so much for being with us today. >>> coming up, nfl owners meeting on whether to allow private equity to invest in its teams. what it could mean for the owners and the league overall when we return. >>> the other leagues allow it. the nfl coming to the party. okay, team! oh, thank you so much i couldn't have done it without you. honestly, i don't do a whole lot here. i'm really just here for the at&t internet, it's super-fast so, any pre-launch concerns? what if nobody buys them? that's mean or, what if everybody buys them? oh, i hadn't thought of that that's probably not gonna happen can we handle that kind of traffic? the network can handle it! i downloaded eight hours of true crime stories just during our last video call i'm learning a lot you founded your kayak company because you love the ocean- not spreadsheets. you need to hire. i need indeed. indeed you do. indeed instant match ins

one of the paramount things is to hold governments accountable when they seek to deceive the people about wars. about the danger going to worse. the american people are being actively deceit by the united states government. and this deception is being perpetrated and encouraged by a, a compliant mainstream media. and it's only through the actions of independent journalists, alternative media, people such as myself, that we, we can challenge this. and so literally what's happening right now is the epi, i, the department of justice, is seeking to suppress the challenge to the ongoing deceptions carried out by the united states government about what's happening in ukraine, about russia. and the danger of this is that if we don't get to grips with reality, if we don't seek to try and improve relations with russia, we are on the slippery slope that hits in one direction in one direction only. and that's nuclear war. and that's why i speak out, that's why i do what they do to try and stop this word is actually what the free press is all about. have you had any reaction from the post public so k

interest on that idea of the paramount interest of preventing installation. now, if there is no deal and the americans are convinced that it was mister nathaniel, who undermined to uh make sure it wouldn't have taken the rails a last minute opportunity. and i think that i'm, i'm like, um, what they have done in the last 10 months. they will stand up and review him powerfully. if that happens, you will see mass demonstrations in agile, but you will also see major opposition coming from the uh, security branch of the intelligence branch is the security branches and the military itself. so this is where you guys permission that i know if there's no deal around me i, we close a then about to a why the admitted to confront ation of his bond with the wealth that was had. why the confrontations of this region over the years of the coming go? but the fear now is this, this is there is a regional war where they run his belong to you with some others that this would be bigger scale causing much more damage. the ever popular because of the nature of the weaponry that's

very quickly while you're here, why is paramount in the coverage universe and do you have anything toout what strategic direction it might need to take or how long can it wait? >> i mean, it's taking the right strategic direction and it's in my coverage universe because i'm tmt, and i have a broad brush here and we covered media stocks and i think paramount said the right things and they're following skydance's plan. at least it looks like that on the surface. i think, honestly, kelly, look at the space. frankly, that's just the first shoe to drop. we'll see massive consolidation in the space and consolidation on the streaming services and whether it's m and a and we all know warner is in a tough spot and in aggregate paramount is taking the right steps to improve profitability and we'll see how it all plays out and i think this is what the space needs to have happen for all these guys to justify the high cost they're paying for live sportses. >> any theories about first movers here? >> well, i do think that, theories on first movers, netflix dominates the market in being a first move

interest or not idea of the paramount interest of preventing installation. now, if there is no deal and the americans are convinced that it was mister nathaniel, who undermined to uh make sure it wouldn't have taken the rails a last minute opportunity. and i think that i'm, i'm like, um, what they have done in the last 10 months. they will stand up and review him powerfully. if that happens, you will see mass demonstrations in agile, but you will also see major opposition coming from the uh, security branch of the intelligence branch is the security branches and the military itself. so this is very bad. permission that i know if there's no deal around me i, we close a then about to a why the admitted to confront ation of his bottom to the well that was had why? the confrontations of this region over the years of the coming go. but the fear now is this, this is there is a regional war where they run his belong to you with some others that this would be bigger scale causing much more damage. the ever popular because of the nature of the weaponry that's availab

interest or not idea of the paramount interest of preventing installation. now, if there is no deal and the americans are convinced that it was mr. an attorney, you know, who undermined to make sure it wouldn't have taken the rails a last minute opportunity. and i think that i'm, i'm like, um, what they have done in the last 10 months. they will stand up and review him powerfully. if that happens, you will see mass demonstrations in agile box. you will also see major opposition coming from the uh, security branch of the intelligence branch is the security branches and the military itself. so this is very bad. permission that i know if there's no deal around me. i, we close a then of a to a why the admitted to confront ation of his bonds with a wealth. and we've had wider confrontations of this region over the years and they come and go. but the fear now is this, this is there is a regional war where they run his belong to us from others. that this would be bigger scale causing much more damage. the ever popular because of the nature of the weaponry that's av

liz: really quick paramount obviously sky dances right there waiting for the go shop.come in to make a bid. it looks like nobody has. david ellison is a filmmaker the man in charge of sky dance wanted that b great for paramount studios to have a filmmaker in charge of the company, how do you view that. >> i know david very well i worked with them for over a decade, he really gets the business as you know there was a lot of outsiders that come in and going to reinvent the business. david is going to invest in talent, stories and i think it's a great thing for paramount. liz: do you think anybody swoops in before august 21. >> i don't think so it's been for sale for three years and if they haven't gotten there yet why are they going to get there in the next week. liz: good to see you, thank you very much. imax ceo rich gulf on rop domine posting on x for the first time in a year and is hours away from doing an interview on x with owner elon musk. what does that mean for djt the stock of tromso social media site truths social is not good right now, charlie gasparino has a

let's flip it over to paramount global.are moving barely hire after the entertainment giant officially began today to lay off 15%, or 2,000 members, of its u.s. staff today. the company behind yellowstone is look to reduce cost by $5090f its merger with dade ellison's skydance media. paramount said 900% of the cuts are expected by the end of september -- 90%, and continue through the end of year. the media giant is also closing the coors on para-- the doors on paramount studios this week, moving under the cbs studios' umbrella. >>> investors are driving doordash and warner brothers-discovery higher after the companies announced the first ever streaming benefit for dash pass members in a joint partnership with wb max. doordash's annual membership plan called dash pass will now include max with ads, okay, you've got to watch the ads, at no additional cost. dash pass -- [laughter] who maimed this thing? if dash pass members can upgrade to max's ad-free subscription tier for a discounted rate of $10.99. internet analyst mark ma

paramount also announced a 15% cut to the u.s.orce as a plan to prepare for the merger with sky dance media. you're following these media stocks of. what are your house. your thoughts.>> as if stream g to cure their woes. they talk about many pairment charges, nobody as a chairman wants to talk about impairment charges. they say i like where we are now. cared to what? at the end of the day, paramount will be successful, they've written it down and they're cutting the workforce, the merger might put them they a better position. we are worried about any streaming services, across the board. any type of subscription services out there, the middle market consumers are pinched. car inventories, used to be three days for dealerships. one of my friends who has a dealership said we used to have three days of inventory, now we have 150 days of cars stacked up, 150 days of cars so there's issueses across the board. i think it's going hurt these guys the worst, the fellows that are in the subscription business, the car wash subscription busi

two weeks since i started, since i started this search, this is something that her advisers that was paramountad that comfortability there and an ambition point but also that he understood that they both had a clear understanding of what the role as her number two would be. i think these are all factors. two would be. i think these are all fatten-— two would be. i think these are all factore— two would be. i think these are all factors. what about some of the points _ all factors. what about some of the points of— all factors. what about some of the points of criticism _ all factors. what about some of the points of criticism from - the points of criticism from republicans, that tim walz is a radical, leftist and someone who will represent exactly what kamala harris has in her policies as well. how do you see them defending their record on that front? i see them defending their record on that front?— on that front? i was talking to someone _ on that front? i was talking to someone earlier _ on that front? i was talking to someone earlier about - on that front? i was talking to someone earlier

we've got competition brewing in the bid for paramount global. shares are jumping 8%.es under the category of it ain't over until it's over. former warner music ceo and chairman edgar bronfman jr. , we had heard rumors he was interested in putting in a bid but now there is word from the "wall street journal" he is reportedly preparing a very solid bid for national amusements, the holding company that controls paramount global. the "wall street journal" reports potential the bid could be made in the next few days, a head of the go-shop period ending on august 21. that go-shop ending came about, or is coming about because controlling shareholder shari redstone already agreed to sell the media conglomerate to david ellison, skydance media, but if she accepts a competing bid by that end of the go-shop timing well they're out. paramount will owe skydance either way if skydance doesn't get the bid a breakup fee of $400 million. let's look at shares of ulta. they are jumping to the very top of the s&p up nearly 12% after legendary investor warren buffett said we're going to s

i got this great story, i'm paraphrasing another bid of 45 billion-dollar all cash bid on paramount, be crazy. liz: what was the apollo bid? 26? >> it was high anyway. they were taking out dent. it was a little more complicated so within, i don't know, so the stock moves up two bucks and within, i never seen anything before, within hours, reuters does a story. there is a pr, something runs on pr newswire, right? like not too long the stories start disappearing. the pr newswire thing is gone. liz: as business wire reached out? because they are usually very good, you saying you know what, this is fake? >> they took it down. liz: they took it down. >> pending further notice. the stock is down. we've called up mr. weiss. he hasn't got enback to us. liz: what about the chief, the woman who was mentioned, tatiana logan? >> you know something named elle. wood. liz: stop "legally blonde"? >> there was someone part of this thing l. wood. liz: elwood law. >> elwoob law. there might be a person named elwood law. there is lot of interesting stuff. liz: reuters spoke to her. >> maybe someone, may

. >>> we do have a news alert right now on paramount. and the deal with sky dance. cnbc's julia boorstin here with the latest in the saga. now what, julia? >> the latest in the saga, "the wall street journal" reporting that skydance has sent a letter to paramount special committee demanding they stop negotiating with edgar bronfman. i reached out to sky dance, the said no comment, but according to a source familiar with the contents of the letter there are two criteria for the go shop period to be extended. one is that this new offer be a clearly superior bid, and two, that there was a procedural error in the special committee's notification of skydance about this new offer, and in this letter, the company saying it failed to explicitly extend the go shop period. so, it seems like this letter has been sent, according to my source, and we're waiting for comment from skydance. we will also reach out to edgar and his company for comment, as well. just the late nest the paramount saga. back over to you. >> okay, julia, thank you. keep us posted on what you hear. >>> now

. ♪♪ >>> we have a news alert on paramount.ari redstone's stake in national amusements and paramount to $6 billion. paramount shares up in aft afterhours trading. it's time for final trades. let's go around the horn. steve? >> nike. i was lucky enough to buy it on a dip. i'm thinking about exiting. >> karen? >> yes, zoom. look at that company again today. incredibly cheap. lots of cash, too, and it's the z in dan's zebra trade. how about that? >> dan. >> yes, crude's acted very poorly. i think you can press the xle. 40% of that is chevron and exxon. >> guy? >> so great having you, leslie picker. >> thank you. >> i know the audience feels the same way. look at ford. can't get much worse at these levels. >> fun times with your best friends here onat these levels looking forward. >> fun times with your best friends here on fast money. thank you for watching mad money. >>> my mission is simple, to make you money. i'm here to level the playing he field for all investors. i promise to help you find it. mad money starts now. >> hey, i