they built it themselves. >> make him feel welcome, would you-- byron allen! while allen moved to l.a. and found fame as a teenager, appearing with johnny carson, hosting shows like "real people," the idea of a black-owned business never left him. >> when barry gordy sold motown, i started crying. i started crying because i felt like we, as african americans, we have to own something. we don't own anything. >> reporter: so, while still performing his standup, he quietly started collecting media outlets, the way some collect baseball cards. in 2018, he paid $310 million cash for the weather channel, which has provided content to cbs news, among others. >> we have to correct the greatest trade deficit in america, which is the trade deficit between white corporate america and black america. >> reporter: he was the first black american to own a 24-hour mainstream cable news network, and perhaps he'll be the first black man to own an n.f.l. team. that's a first down, but to byron allen, a real win is still a long way off. >> this is one america. this is everybody m

lee cowan talks with media mogul byron allen. we'll have the latest from ukraine.om steve hartman and more. it is a sunday morning for the 20th of february, 2022. and we'll be right back. ♪♪ i am here because they revolutionized immunotherapy. i am here because they saw how cancer adapts to different oxygen levels and starved it. i am here because they switched off egfr gene mutation and stopped the growth of tumor cells. there's a place that's making one advanced cancer discovery after another for 75 years. i am here... i am here.... because of dana-farber. what we do here changes lives everywhere. i am here. ♪♪ ahhh! oh my! okay it's my turn, i'm going to drive. ♪ you've been, you've been ♪ ♪ running through my mind ♪ ♪ and i've been thinking that it's just about time ♪ ♪ we get together, together ♪ ♪ i've been, i've been ♪ ♪ doing just fine ♪ ♪ and you've been, you've been doing alright ♪ ♪ let's get together, ♪ ♪ together ♪ ♪ so come on ♪ in new york city, ♪ together ♪ ♪ ♪ there's always something new to discover. ♪ ♪ ♪ ♪ ♪ ♪ come be a part of it. plan your nex

and byron allen, the media mogul's bid to become the n.f.l.'s first black majority team owner. >> this is the "cbs evening news" with norah o'donnell reporting from the nation's capital. >> o'donnell: good evening, and thank you for joining us we're going to begin tonight with much of the world on high alert, waiting and dreading that vladimir putin and his russian forces are ready to conduct a full-scale invasion of ukraine. up to 190,000 russian troops are assembled around ukraine's border, and almost all of them are in attack positions. ukraine has declared a state of emergency and called up military reservists. the kremlin today said rebel leaders in eastern ukraine have asked russia for military assistance to fend off ukrainian aggression, and the fear is russia will use this as a pretext for direct military involve independent eastern ukraine. there's also new sat lied images today that show heavily armed russian troops on the move less than 10 miles from the ukrainian border. the tensions sending stocks into another nosedive today with t

they built it themselves. >> make him feel welcome, would you-- byron allen! >> reporter: and while allen moved to l.a. and found fame as a teenager, appearing with johnny carson, hosting shows like "real people," the idea of a black-owned business never left him. >> when barry gordy sold motown, i started crying. i started crying because i felt like we, as african americans, we have to own something. we don't own anything. >> reporter: so, while still performing his standup, he quietly started collecting media outlets, the way some collect baseball cards. in 2018, he paid $310 million cash for the weather channel, which has provided content to cbs news, among others. >> we have to correct the greatest trade deficit in america, which is the trade deficit between white corporate america and black america. >> reporter: he was the first black american to own a 24-hour mainstream cable news network, and perhaps he'll be the first black man to own an n.f.l. team. that's a first down, but to byron allen, a real win is still a long way off. >> this is one america. th

and byron allen potentially the new owner of the broncos, a story we have not talked about.ikely put in a bid to be the first black majority owner of an nfl team. that is definitely something to watch. guy: i was trying to get you there to talk about that story. i know you have been dying to all day. those other european markets. we are counting you down to the close. this is bloomberg. ♪ guy: we are wrapping up the wednesday session in europe. let's talk about the price action. solid green across europe. strong date in terms of equities. every sector in positive territory. the cac 40 up 1.4%. the ftse a laggard but a strong performer so far this year. spain up 1.83%. we will talk more about spain in just a moment. let's talk about the shape of the session and give you an idea of the stoxx 600. this climb upwards, than a more gradual track throughout the day. we are tracking higher, just off session highs into the close come up 1.71%. we will see what the option delivers -- we will see what the auction delivers. most sectors in positive territory. the grocery sector was nega

media mogul byron allen is preparing an offer that would make in the first black majority owner of aational football league team. allen says he will be making a bid for the denver broncos. the investor group led by alan could pay as much as $4 billion for the team. at a time when inflation is running high, your coffee is about to cost more. coffee futures have climbed to the highest in more than 10 years. in new york, the cost of beans has more than doubled over the past year because of dry weather in brazil, supply chain problems, and freight costs. global news 24 hours a day, on air and on bloomberg quicktake, powered by more than 2700 journalists and analysts in more than 120 countries. i'm ritika gupta. this is bloomberg. ♪ ♪ >> let's face it, the u.s. consumer powered by stimulus has been the hero of this economy over the last year and a half, so looking forward, inflation has a real threat to slowly take the wind out of that sale. jonathan: is that already happening? the call from the fs investments chief u.s. economist. your equity market positive 1% on the s&p. on the nasdaq,

>> it is realistic whether they will get it remains to be seen we know byron allen is the minority ownershipup i heard $5 billion out there whatever this is if they get to a certain number, prices go up the value goes up for other franchises that is an item you will see in the offseason. we will see what happens with the regular season rolls around with the ownership group >> jabari, i'll catch you later. you can catch super bowl lvi starting at noon eastern and on peacock and telemundo. >>> as we go to break, if you haven't already, follow our podcast. if you miss brian sullivan, he is showing up later in the show. you can check him out on apple or other apps. ghba ehae"ilbe wl rit ck what do you think healthier looks like? cvs can help you support your nutrition, sleep, immune system, energy ...even skin. so healthier can look a lot like...you. cvs. healthier happens together. power e*trade gives you an award-winning mobile app with powerful, easy-to-use tools, and interactive charts to give you an edge. 24/7 support when you need it the most. plus, zero-dollar commissions for online liste

but from black coaches to black owners, there are zero so i asked him if that could change byron allenrested in potentially purchasing the broncos. are the other owners doing anything to facilitate a black owner? >> yes, and i have been personally involved with this for about three decades now of attracting minority owners, particularly black owners, into the league in an ownership position we have met with byron a couple of times and both myself personally as well as other people of our staff, he's not the only individual interested in buying an nfl team that is black. >> now, under nfl rules a principal owner would have to put in at least 30% of the money. broncos are valued at an estimated $3.75 billion so we're talking over a billion dollars this person would have to get together shep >> goodell also said the league would be investigating the sexual harassment allegations regarding the washington commanders owner dan snyder. >> yes goodell said a team cannot investigate itself and the commanders were doing their ow investigation and may continue to do so but he said the league is t

. >> right he may place a bid byron allen, the media titan in his own right has been suggested as a possibleidder there the new york post is reporting that the league was all, but begging and they used that word about robert smith what do you know >> there's an effort, outreach effort to try and get qualified minorities both in a control position and in a limited partnership position they want that that having been said. this is a sale by an estate, by a trust and trustees that means they have to focus on the highest price and so the league can be helpful, but ultimately it will be who's willing to pay the highest price. >> what's the price going to be? >> i think it will start with a four >> a four? >> a four. >> a four? >> a four. $4 billion and we'll see how close to five it gets. this is going to be -- this is the first deal that is after the ten-year labor, ten-year broadcasting deals the nfl is on fire and they're poised to have a lot of money out there. they've made a lot of money during the pandemic, as well so we have that working in the process, as well so i think the number will b

. >> and moving from black coaches to black owners, byron allen is interested in buying the denver broncosortedly begging robert f. smith to give it a shot. under the nfl rule, the primary owner would need to put in 30% of the money and $3.57 billion, so we're talking over a billion, carl and commissioner goodell says he is working with these guys trying to explain to them the financing and rules of ownership which i don't know if the rooney rule is part of the rules of ownership anymore we'll see. >> interesting i wonder if you think, how this conversation about diversity at the higher levels of the coaching staff ends, would a couple of high profile hires end that conversation? or is it part of this lurching back and forth of doing enough, doing not enough >> i think we find that a lot, not only in the nfl, two steps forward and one step back and during the news conference this week, he said he took personal responsibility for the fact over the 15, 16-year tenure, we're still here, and we're still having these conversations >> yes meantime, is there a sense that flores timed the suit to