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barry diller, thanks so much for joining us guys, back to you. >> after harvey.hank you, julia remember that one. >>> tyson foods posting better than expected earnings and revenue fourth quarter driven by strong demand for chicken and beef looks like an all-time high for that stock year to date, up 21% versus 15% for the s & p. "power lunch" with tom hayes good to have you here. >> great to be here, michelle. >> we have a little delay. wow. it is good to be in the protein business you were able to raise pork prices nearly 12% over this quarter. 4% for chicken and also -- everything is going up, prepared foods up 12.5% is this because the diet of choice is high protein diet and everybody is anti-sugar at the moment >> you know, really is that's a big tell for us consumers want protein and they want it all the time it is now the number one health attribute that consumers want in the diet, more than 50% of all americans are actively trying to have more protein in the diet. important is the fact that we are a cooking company. and parts of the store they're shopping i

i interviewed barry diller when he left murdoch and i said what is his goal?mic domination. he wasn't kidding. so for him to entrench like this, something big is going on. he can't really amass what he needs to do to compete with these big players. >> he can't compete with google, facebook and apple. >> but i think it's interesting what's going on somewhat dovetails with our previous conversation in a way. >> about sexual harassment? >> he wanted skye tv badly. it looks like he's not going to get t i think that's one of the reason he's backing out. one reason is because of the sex scandals at fox new. >> american sex scandals have been a problem for him in britain. >> exactly and international business is a big factor in what these other companies want, comcast, verizon. they're very much interested in that. >> at&t, time warner, who owns cnn, this channel, companies are bracing for a possible ant anti-trust lawsuit from the justice department. it could be filed in the coming days. some state department attorneys general have been unwilling to get on board wit

speaking of streaming, and media, earlier today on "power lunch," iac chairman barry diller spoke aboutraditional media and competing with big tech giants. listen >> i don't think having more content is going to get you more revenue or, in fact, the idea of saying, well, size and scale, the truth is they all have kind of sufficient scale to be able to play. what they'll never have again is sufficient scale to dominate the media business as they have historically that's over. >> because of the dominance of the tech giants now. >> because, absolutely you have 100 million subscribers, and your best hope entering is maybe to get 20 million or 30 million, the math outdoes you. if you're google or facebook who have an absolute monopoly on advertising, you're never going to compete with them. >> do you agree with that, mitch, or is that taking it a step too far >>, he's absolutely right. that ship has sailed the studios did everything to help companies like netflix succeed and now it's a little too late i think what's fascinating is that really the only way to differe differentiate is price th

they are off by more than 2% on that note, much more insight in all the media m&a when barry diller joinson "power lunch. "squawk alley" will be right back >>> i'm scott walker coming up today top of the hour on "halftime report," evidence the market is on the urge of a big move what every investor needs to see today. plus, you heard about ge's problems all morning on cnbc, now what industrials are set to go the other way and the one stock goldman sachs says to buy today. "halftime report" at noon eastern. john, see you in a little more than ten minutes from now. >> looking forward to that, scott, thanks. >>> and as we head to break, check out bitcoin's wild weekend. i mean, after losing almost a third of its value, crypto currency crawling its way back it was around 7,700 back on wednesday. down as low as 5,672 boy, what a ride good lucout k there. up 10% today we'll be right back. >>> shares of hasbro and mattel on the move this morning hasbro approaching chief rival mattel to discuss a takeover the combined company would have a portfolio including my little pony, hot wheels and barbie.

, talking about the gop, where we stand, what's going to happen, jacob frankle, ian bremer and barry diller, with julia boorstin on media consolidation, a big couple of hours mi ucongp on "power lunch. take a short break and "halftime report" returns right after this another day at the office. why do you put up with it? believe it or not you actually like what you do. even love it. and today, you can do things you never could before. you're working in millions of places at once with iot sensors. analyzing social data on the cloud to create new designs. and using blockchain to help prevent fraud. so get back to it and do the best work of your life. allow you to take advantage of growth opportunities. and using blockchain to help prevent fraud. with a level of protection in down markets. so you can head into retirement with confidence. brighthouse financial established by metlife. >>> the cnbc iq 100 index, meeting the broader market over one year today's leaders mattel, qualcomm, procter & gamble, the laggards -- for more go to cnbc.com/iq 100. >>> welcome back to "the halftime report. dxc t

and, in fact, one night i was sitting next to barry diller, and he turned to me and said do you have faith? now, my web site was called on faith, and i didn't know how to answer him because i hadn't thought about it myself. so i really did have to start thinking about it. and there were moments in my life when i just knew that something -- there was something bigger than i was. i didn't believe in god, but i did believe in a creator because i couldn't get my mind around the idea that first there was nothing and then there was something. and so i began to accept that, that there was something bigger than i was. and as ben began failing, i began to spend more time with him, and the last two years of his life i literally became his caretaker. i never hired a caretaker. we had a housekeeper who helped me out. and, you know, he was sun downing which is you get up in the middle of the night, you don't know where you are, and, you know, he couldn't -- finally, he couldn't take a shower or change. i had to change his clothes and get him dressed and undressed, i had to teach him how to brush

i think he and barry diller both are such tough negotiators. >> the track record, he is loved by the investor community. and he's approached the whole thing with -- he's an engineer by training and his whole approach to companies and tax minimizati minimization -- >> right. >> -- the way he's done deals is just -- >> any company that brings an offer better be ready, better b a good one and think it through. john malone already has. by the way, he also did say, he told david he thought the at&t/time warner deal had a 75% chance of going through and even with cnn in there. we'll see. as we all know, the government is opposing it but we'll see what happens. >> shares of both those companies moved higher today >>> 18 minutes to go until the close. dow still hanging on to nearly a 200 point gain s&p up 21. nasdaq up 91 >>> leonardo da vinci was the original renaissance man today he's a record breaker for a long lost artwork sold as auction. we'll tell you the actual price and maybe paint a picture of who that buyer could be, next. >>> meantime, tesla boss elon musk unveiled his new space-

iac chair barry diller sounded off this week earlier on this on "power lunch." >> i don't think having more content is going to get you more revenue or, in fact, the idea of s saying, well size and scale. the truth is they all have kind of sufficient scales to be able to play. what they'll never have again is sufficient scale to dominate the media business as they have historically that's over. >> because of the dominance of the tech giants now. >> because, absolutely >> so will the companies run into regulatory pushback the media wants as they try to assemble some size here? joining us, barton crockett from b riley fbr who raised his target on 21ings century fox to 36 bucks a share jonathan chaplain from newstreet research who's here on set with us ing with to both of you. barton, first of all, why 36 bucks for fox? >> i think that you have to assume that there's a takeout breakup opportunity underneath the stock. you know, i think that disney might or might not, you know, the other people might or might not. the think the market is going to tend to put the breakup into th stock. why

. >> did you see what barry said >> barry diller saying comcast is in the best position of any of theseother article saying you know what problem with at&t time warner is you can spell it, comcast. >> there's a lot of speculation that we could hear as early as today. >> so they're saying comcast is too powerful >> that comcast put regulators on notice because they were concerned about it. >> not that behavioral that comcast didn't do anything that they -- >> no. >> everything they promised they would do they complied with. >> right. >> i hope we don't get like europe hey, these guys, look, these guys are good at this. we have to do something. like google, apple >> microsoft >> microsoft they don't have companies like that over there. >> no. we'll see. >>> let's tell but a new fda warning. the fda is warning consumers about an herbal supplement and is telling people not to use the product to treat opioid withdrawal the agency is working on oversight of the herb. joining us is dr. scott gottl b gottlieb i have never heard of this supplement, cradum tell us what it is. >> it's an opioid-li

it's sort of like a me too >> barry diller in the best position because of content and distribution >the head of the antitrust division said some stuff did you see that >> yep >> we still haven't seen the suit, right? >> there's no suit >> or whether there will be one. >> we don't know if there will be one >> what did he say was it ominous what he said? >> yes, it was very ominous. >> it may work out with negotiations >> they will make it ominous for what will happen also to what happens to fox. >> that's the question >> if they sue, the question then is -- >> who could come in and buy these assets >> i have a question, quick question so, some of this is about selling the studio and assets. it's to focus fox news channel and fox business and the sports to be a more focused company wouldn't it be much smaller? are they dressing it up for sale >> or take it private. >> is that what they would want to do? >> there's major regulatory issues >> with what part? >> sports and news would like lie create problems, especially if you were to sell it, because other people need tv networks, other

we'll have questions from the audience and there's fascinating people in the audience including barry dillerust saw bill gurley who is a board member of uber will be in the audience, there will be a lot of questions being shot at these many guests. >> i think there should be alcohol there, andrew, just for the heck of it, for the afternoon or something you know what i mean >> so people really open up? >> we can hope, we can hope. there's a cocktail reception afterwards. >> okay, maybe interesting stuff comes out of that. >> thank you, andrew, see you throughout the day and see you tomorrow morning. >>> in the meantime, saudi arabia's foreign minister is calling for sanctions on iran for its support of terrorism we're joined with highlights from that exclusive interview, hadley >> well, saudi arabia's foreign minister ratcheting up the rhetoric on iran, he says it requires an international response and refused to rule out the possibility of working with israel to do that. i also asked him about this massive corruption crackdown we've been seeing playing out against the backdrop of the foreign