a quick update on the sky dance offered to paramount global. offer includes an option for nonvoting shareholders to cash out a portion of their stock for $23 a share. the decision is largely in the hands of sherry redstone who owns 77% of the stock should you are seeing paramount global shares higher on the day by more than 7.6%. of course highly watched deal and a lot of twists and turns as we watch the way larry ellison's firm sky dance is planning to merge and a complicated deal with paramount. before we let you go, a quick check on the markets. a down day. the s&p 500 down 6/10 of 1%. the nasdaq 100 lower on the day. around one half of 1%. the sustained bid in the two year yield after the ism data five basis point move lower to 482 on the day. the 10 year standing at 440. a busy week ahead. that does it for bloomberg markets. this is bloomberg. ♪ food isn't just fuel to live. it's fuel to grow. my family relied on public assistance to help provide meals for us. these meals fueled my involvement in theater and the arts as a child, which fost

the stock is down 22% over the last year but paramount global is moving this morning.new york doing nothing to slow down a massive fund raising windfall. trump surrogate and trump 2024 national press secretary carolincaroline levitt is here e 45th president next moves. stay with us. ♪ easy money. ♪ easy money. ♪ i want the good times. ♪ her uncle's unhappy. i'm sensing an underlying issue. it's t-mobile. it started when we tried to get him under a new plan. but they they unexpectedly unraveled their “price lock” guarantee. which has made him, a bit... unruly. you called yourself the “un-carrier”. you sing about “price lock” on those commercials. “the price lock, the price lock...” so, if you could change the price, change the name! it's not a lock, i know a lock. so how can we undo the damage? we could all unsubscribe and switch to xfinity. their connection is unreal. and we could all un-experience this whole session. okay, that's uncalled for. cheryl: form offerer president trump promising to appeal the verdict after being found guilty on 34 counts last week but the c

shares in paramount global have jumped after reports said it has agreed with skydance media on termss said to be worth about $8 billion and it can be announced in the next 2a to 48 hours. five ofjapan's leading car—makers are caught up in a scandal that has forced the suspension of some vehicle shipments. a government investigation has uncovered faulty testing data at toyota, honda, mazda, suzuki and yamaha motor. that's it for this edition of business _ that's it for this edition of business today, _ that's it for this edition of business today, i'll- that's it for this edition of business today, i'll see i that's it for this edition of. business today, i'll see you again— business today, i'll see you again soon _ hello and welcome to sportsday — i'm gavin ramjaun. djokovic does it again — the world number one comes back from the brink of defeat to make the quarter finals of the french open. kylian mbappe says it's a "dream come true" as his long—awaited move to real madrid is confirmed. and jos buttler tells us he's keen to forget, as england begin the defence of the t20 cricket wo

shares in paramount global have jumped after reports said it has agreed with skydance media on termsal is said to be worth about $8 billion and it can be announced in the next 2a to 48 hours. 0ur live pages up and running, for the indy election. as the counting continues throughout the day we will have updates online. bye for now. all hello and welcome to sportsday — i'm gavin ramjaun. djokovic does it again — the world number one comes back from the brink of defeat to make the quarter finals of the french open. kylian mbappe says it's a "dream come true" as his long—awaited move to real madrid is confirmed. and jos buttler tells us he's keen to forget, as england begin the defence of the t20 cricket world cup. hello there, and welcome along to the programme. we begin with an incredible comeback from novak djokovic at the french open, which saw the world number one reach a record 59th grand slam quarterfinal. djokovic cruised the first set against francisco cerundolo 6—1, but looked in real trouble after that. his opponent levelled, then went ahead, after djokovic struggled with a kn

expressing interest in a bid for paramount global.ffman is looking to offer somewhere between $2 to 2.5 billion for national amusements. joining us right now is matt belloni, the puck founding partner. and matt, we know that the sky dance offer is real. it is -- is this a real offer? >> that's a very good question. we think it's real. and you know, bayne capital is involved here. and from everything i've heard, broncman, who is the executive chairman of fubo, a digital streamer focused on sports channel. and my understanding is that fubo would play a role if this bid does go somewhere for national amusements, but this is all a backup to the sky dance deal, which is being pretty heavily negotiated and that falls through, then it perhaps opens the window here for one of these other suitors for national amusements. >> okay, this is interesting. that's a good way of zribi ingd it. this is not something that's going to knock out the sky dans offer. this is something that's there as a potential backup. you also heard steven paul putting tog

paramount global is slipping.al amusements says it's ending talks with skydance media on a possible merger with hollywood studio. >>> the u.s. government is planning on widening its sanctions. multiple reports, the goal is to target third-party sellers in china and to circumvent things going on in ukraine. >>> nelson peltz says they've added a large company in terminix. shares are up 12% right now. >>> game stock has announced it raises $2 billion in share sales. >>> and the employees retirement system in rhode island is suing elon musk. the group adding it wants muffing to return all unlawful products. >>> china's ev stocks under pressure as the eu revises its tariff plan. it comes after the u.s. raised tariffs from 25% to 100% last month. >>> here's what to watch today before the bell. the weekly cpi report. weal get earnings from broadcom and dave's and buster's, and then the big one. the policy fed decision at 2:00 p.m. eastern knolled by jay powell's press conference. you can watch that here on cnbc. >>> the

liz: paramount global desperately trying to to throw spaghetti at the wall to see what sticks, and itson, you can see from the intraday chart, but still down about half a percent after the company announced a series of price hikes on its streaming services. the ad-free paramount+ with showtime will increase by $1 to $12.99 while the essential plan with ads is being raised by $2 to $7.99 per month for all new subscribers after august 20th. this after controlling shareholder shari redstone exited merger talks with david ellison's skydance media who had made a $2.25 billion bid earlier this month, but there's another bidder looking to enter the fray. steven paul has put together an investor group and made an offer for national amusements, the redstone family's holding company that owns 77% of paramount's stock. reports say that offer is higher than skydance's, and one of the investors in that group looking to give paramount global a makeover is the billionaire entrepreneur paul mitchell cofounder, patron cofounder as well and chairman emeritus, john paul deyour a ya. the hair care mag a n

global is currently moving just about a percentage point.media executive from warner music and seagram is backed by bain capital potentially to be buying national debts the overall parent company instead may be of sky dance. this is all about them having a 2 billion plus bid for the company the controls paramount. we continue to watch. national amusements the key one they are looking to purchase print this is bloomberg technology. ♪ the future is not just going to happen. you have to make it. and if you want a successful business, all it takes is an idea, and now becomes the future. a future where you grew a dream into a reality. it's waiting for you. mere minutes away. the future is nothing but power and it's all yours. the all new godaddy airo. get your business online in minutes with the power of ai. caroline: coming up on bloomberg television, the relaunch of bloomberg's "the close." steve wozniak joining. this is bloomberg. the investment firm of media veteran jeffrey katzenberg. just announced its rays nearly half a billion dollars for

. >> let's talk about paramount global, planning to raise prices of the flag stip streaming service paramount rise by $2. paramount involved in courtship talks with several parties. >> different suitors. >> it has not come to pass now they're going back to their business and raising prices. >> we will see if that does anything to turn around the ship at this point. >> finally, holiday traveling is booming, so then why are the airline stocks doing so poorly it is shaping up to be the busiest summer season ever in the u.s. and about as strong as 2019's, over in europe, this according to airport passenger data u.s. airline stocks, however, down roughly 40% over five years, the reason is the ever increasing costs which are so high it makes being a low-cost airline nearly impossmpossible days pilot shortages are another reason don't miss our interview with ed bastion tomorrow that's at 2:30 eastern time one of the best in the business. >> you have to stick with -- i mean, those are the names to own in this market, they've done quite well. >> thanks for watching "power lunch. glad you to join us. >

liz: take a look -- look at shares of paramount global, up about two-thirds of a percent at this hourt for a new buyer. charlie gasparino's doing some number crunching himself. what are you hearing? >> liz, this is kind of the calm before the storm, and the calm meaning after the faded, i guess, deal between skydance and paramount, most of wall street -- and this is hedge funds, arbiters, the people who place bets on companies based on whether they're going to be sold or broken up, a9 lot of those players are crunching the numbers and looking at the balance sheet of paramount. they think bottom line, i guess this is the good news, there's value there because the stock is now trading at about, whatever it is, it's a $10 billion company -- no, excuse me, a $6 billion company. i think it's a $10 stock. but they think there's some value are there. the bonds aren't worth zero, because you look at this through a liquidation basis. but here's what's really concerning a lot of people, and i've been talking with analysts all a day about this. okay, paramount has $14 billion in debt, but they'v

paramount global is going to increase the price of its main streaming service. paramount. plus, the the company announced that the price of the paramount plus with showtime plan increasing a dollar to 12 99 a month call that $13 the price of its paramount plus essential plan to 7.99 for new subscribers this comes after a failed merger between paramount and other streaming services. also an exit by some of its main advertisers, which accounts for more than half the company's revenue, the price increase takes effect in late august for new customers in late september for existing customers. coming up, a new cannabis store could be coming to the east bay, but some neighbors don't want to around why they're upset. people flying to oakland at the airport. there might need to look for someplace else to stay after a hotel nearby. >> looks to close their doors for good and health officials are warning people in the >> in the south bay, santa clara county officials are warning people to stay away from the guadalupe river after confirming 9 cases of shigella and all of these cases so

global, the nasdaq winners, quite a few there we have adobe, gilead sciences, z's scaler, warner brosare, the ten year treasury a very important number down four-point to 2% the price of gold not so important these days unless your gold bug up 25 bucks an ounce, 23 - 43 is the price, bitcoin 671, the price of oil 78.84, not gas now below $3.2.85. the average price for other of regular gasoline is 3.46 and diesel average price is 3.78, coming-out it is not too late to send in your friday feedback, tell us what your plans are for father's day this weekend, e-mail us at varney viewers@fox.com donald trump proposing to eliminate the income tax, an idea he's floating if he went in november, he plans to replace the revenue with tariffs, is this a serious proposal, hilary vaughn next hour. i have a lot of people who are waiting for home prices and rent to come down, is that a good strategy, housing expert mitch rochelle on what people should be doing right now in the real estate market, that is next. ♪ daughter: hey, dad. dad: hey, sweetheart. daughter: what are you doing? dad: i'm gonna cle

i just i just use it for free, but it is kind of annoying i-76 right now paramount global is increasingy gosh. this is one of the few. i don't have the price of the paramount. plus was showtime plan goes up from a buck. it goes up to 12 99 a month. sorry. it goes up by a dollar. so it's 12 99, the paramount plus essential plan goes to bucks higher. now that's 7.99 for new subscribers there was a failed merger between paramount other streaming services they're saying trying to get their revenue back up. the price increase takes effect in late august for new customers late september. if you already have it. all right. over the next hour, talking about. >> roughed house toward concord suffered damages from an overnight fire. we have the latest on that in a live report. plus, people flying into open air for minutes to look for somewhere else to stay after a hotel nearby looks to close their doors for good. and we're seeing some light sprinkles across the bay area this morning. john travel area this morning. john travel is in the ♪ ♪ california sky ♪ ♪ todos alcanzamos las estrellas ♪ ♪ sunn

global stock, it's rising after looks like a deal with sky dance, not bytedance, sky dance may finallydance latest bid will get paramount shareholders to sign off and say okay. more countdown straight ahead, the dow losing 185 points, while also close is losing 439. did i read this? did i get eggs? where are my keys? memory and thinking issues keep piling up? it may be due to a buildup of amyloid plaques in the brain. visit morethannormalaging.com we love being outside, but the sun makes our deck and patio too hot to enjoy. thanks to our new sunsetter retractable awning, we can select full sun or instant shade. it's 20 degrees cooler and you get protection from harmful rays and sun glare. when you call, we'll rush you a special $200 discount certificate with your free awning idea kit! you'll get your sunsetter for as little as $799. but, this is a limited time offer! for over 20 years, sunsetter has been the bestselling retractable awning in america! call now for this free awning idea kit packed with great awning solutions. plus, get this $200 discount certificate to get your sunsetter

shares of paramount global.collapse of a potential acquisition by skydance media. the future of the famed hollywood studio now kind of uncertain. all things considered. and here's an interesting new study from gallup. it finds bad vibes are bad for business. more specifically it finds that many workers, if not most workers feel disengaged at the workplace. and as a result, they're basically just phoning it and that's having a big impact on the world economy. how big gallup estimates that this is resulting in a roughly 9 trillion dollar loss in global productivity. and that's a very big deal. roughly 9% of global gdp. the study finds that only about a quarter of workers say they're engaged at the office. gallup defines being engaged is being enthusiastic about the task at hand. roughly 62% say yeah, they're not really feeling it. i just kind of going through the motions. interestingly, the study also finds that workers are less engaged when their managers are less engage, which perhaps suggest that there might be

paramount global shares are down the premarket more than 2%, the drama continues with chair sherry redstoneho has walked away from a deal to sell the media empire. redstone rejected the latest proposal from sky dance tuesday after lengthy negotiations. there are other bidders waiting in the wings including apollo global management, seagram's and stephen paul. paramount is loaded with debt and is losing tv audiences. helping the s&p rise to a record yesterday was apple was shares soaring more than 7% to close at a new record high. gains added to hundred 15 billion dollars to the company's market cap, making it one of the biggest single day value add by any company in history. the record came after the company's annual worldwide developers conference where it showcased a number of features related to ai. that's your brief. jonathan: thank you. an odd session for apple yesterday. the stock did nothing in the morning. lisa: everyone was saying by the rumor and sell the news and then they said i'm in. jonathan: a record high. go figure. up next, property pain for regional banks. >> the fed proba

headline out this morning, the discussion about paramount looking at global options and partnerships streaming services. the saga continues about the future of paramount, the assets and ownership. for now the stock is down 1.3%. it is a story that will continue to track because from an m&a perspective or a streamer perspective it is something that our audience cares about. a lot more to come. this is bloomberg. ♪ is it me... or is work not working? at least, not the way it could work. your people are buried in busy work. and you might be thinking... can ai make it all work? it can. on the servicenow platform, ai transforms your entire business. because when your people work better, everything works better. so, let's get to work. idris elba works here? mm-hmm. ya, he's super nice. her uncle's unhappy. i'm sensing an idunderlying issue.re? it's t-mobile. it started when we tried to get him under a new plan. but they they unexpectedly unraveled their “price lock” guarantee. which has made him, a bit... unruly. you called yourself the “un-carrier”. you sing about “price lock” on those co

a sell rating for paramount global. >>> novo nordisk will spend billions to build a manufacturing plantand ozempic. the facility will be responsible for filling injection pens for the drugs. construction has begun and expected to be mccocompleted in7 and 2029. >>> coming up, the cdk cyberattack has hit dealerships across the country and continues. >>> a reminder, you can get the best of "squawk box" with squawk pod and listen anytime. we'll be right back. new trading opportunities, while an earnings tool helps you plan your trades and stay on top of the market. e*trade from morgan stanley (♪♪) iconic brands speak for themselves. we are so excited to welcome you to our community. today is all about you. (♪♪) (♪♪) >>> cdk, a company that provides software for thousands of auto dealerships across the u.s. and canada expects its systems to go back online in the comes days after the cyberattack disrupted the businesses. let's turn to teresa payton, former white house chief operational officer. now security fund fortiliss. it's a little structure. did you know that? >> i did. >> the latest bo

the same is true for other global partners. our interests are paramount here. well. hugely because these are the fault lines reform are exploiting. that is all we have — lines reform are exploiting. that is all we have time _ lines reform are exploiting. that is all we have time for. _ lines reform are exploiting. that is all we have time for. i _ lines reform are exploiting. that is all we have time for. i will - lines reform are exploiting. that is all we have time for. i will be - lines reform are exploiting. that is all we have time for. i will be back| all we have time for. i will be back with more today at one. party leaders make their last efforts to win votes as the final week of the general election campaign begins. we'll assess the claims and promises made during the final head—to—head debate between rishi sunak and sir keir starmer also on the programme: what do we want? pay restoration. junior doctors in england strike for the eleventh time in their long—running pay dispute, with concerns the warm weather could increase nhs pressures during the walk

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paramount and sky dance have agreed to a merger.days. this comes after weeks of discussions and a competing offer from apollo global management and sony pictures. >> >>> soda brand poppi is facing a lawsuit after a consumer says its products don't improve gut health as much as they advertise. they say the suit is baseless and they'll vigorously defend against the allegations. >>> spotify premium will now cost around 12 dollars a month. >>> this rocket-firing boba fett action figure sold for $525,000. it's one of two hand-painted versions from 199. 1979. it was never released deafter being deemed a choking hazard. it's the most expensive action figure ever sold at auction. oat. ♪♪ [stomach noises] gas... or abdominal discomfort... help stop the frustration and start taking align every day. align probiotic was specifically designed by gastroenterologists to help relieve your occasional digestive upsets. so you can enjoy life. when you feel the signs, it's time to try align. sfx: [birds chirping] for nourished, lightweight hair, the ri

the paramount shares, redstone also weighing the option of taking the offer from apollo global managementsn't happened as quickly as people expected. it seems that people with a very wealthy people in their lives are the ones that are taking over media. jonathan: are you calling this nepo acquisitions? lisa: [laughter] i am just sitting there seems to be a theme going through this. otherwise, why are people going through the acquisitions? jonathan: no interview if this one closes. john's due tomorrow. adp on wednesday, claims on thursday, payrolls report on friday. investors looking about what it could mean for the fed's path forward. michael kushma saying the fed will cut once or not at all this year given the current economic situation. inflation could easily be too high given solid economic performance to cut rates. michael is with us now. can we pair this with friday, when you expect to see in a few days time? michael: it seemed job growth is decelerating, which it should. the economy cannot maintain reasonable economic growth. quit rates are slowing. unemployment seems to be decelera

when we come back we've got all kinds of competing headlines flying around at this hour on paramount.ing at them right now. they're hitting the tape. deal or no deal, to sell it. charlie gasparino up next on what is happening. (bell ringing) someone needs to customize and save hundreds with liberty mutual! (inaudible sounds) (elevator doors opening) wait, there's an elevator? only pay for what you need. ♪ liberty, liberty, liberty, ♪ ♪ liberty. ♪ (vo) a law partner rediscovers her grandmother's artistry and establishes a charitable trust to keep the craft alive for generations to come. from preserving a cultural tradition to leaving a legacy, a raymond james financial advisor gets to know you, your passions, and the way you enrich your community. that's life well planned. (traffic noises) (♪) the road to opportunity. is often the road overlooked. (♪) at enterprise mobility, we guide companies to unique solutions, . . we all have to move forward. the further we'll all go. want to save on some of the biggest names in streaming on the network made for streaming? x marks the spot. now you