saw one survey of an intent to turn and they talked about showtime and paramount plus which are cbs viacomwhich is the kind of thing that you would want if they get more price-sensitive that is going to television shifts to streaming services. jack: let's move on to the actionable ideas, i will start with you carlton. >> taking a look at square one a proxy for people who want to invest crypto currency, to an analyst said investing in square now would be like investing a j.p. morgan in 1871 in addition to the crypto currency they like as a new bank especially with a cash out program that has. jack: imagine how well that would do with a full-time ceo, what is your pick beverly? >> more bad news for chinese stocks that trade in the u.s. china is a great long-term play but this is the time for professional management to that i like her fidelity in matthews china. >> much better than individual stocks thank you beverly and carlton and jack, check out this week's editions of barron.com don't forget to follo dr. michael youssef: hello, friends. michael youssef here, and i'm one to tell you that y

well is that where viacom cbs is heading? charlie gasparino. what do you say, charlie? charlie: beyond meat, could you imagine making meatballs with beyond meat? it sounds so gross. ashley: no. charlie: i've tried it. i've had an open mind. i tried it. it doesn't work for me, and by the way the fat content is insane but let's guest back to fish, small fish. ashley: now that we've trashed beyond meat. charlie: listen i'm sure there's health benefits here but i'm just telling you, my opinion. do they advertise with us by the way? [laughter] ashley: not now. charlie: can we throw up the chart to tell you why bankers are now highly highly speculating, hotly speculating about why shari redstone is looking to sell viacom? it's a great chart and there you go, now look, they are supposed to be big, right? but look at the relative size here, 27 billion compared to comcast, 238 for netflix, that fluctuates daily, but you know, it's where they are today and look at amazon which for all in tense and purposes is a media content player rig

well from disney to rival viacom cbs the buzz out of the media billionaires playground, sun valley idaho means she might be looking for a deal, that's what charlie gasparino says and he joins us to explain. hey, charlie. charlie: hey there, there were a couple or several takeaways from the conference. number one the security is insane. i mean, really insane. if you think that elle my producer is a mean, nasty person , going to harass somebody or lidia moinahan, my old producer, is a mean nasty person well then security is great. if you think that's overboard, well then that's something else so the security was nuts. a lot of these guys are hypocrites they were talking about climate change, bill gates gave a big speech on climate change, presentation as they flew in on their co 2-emitting private jets which basically crowd the airport and prevent other people from flying in the airport, that's another takeaway. the third takeaway is sherry red stone, who clearly, i guess the best way you could say is that she won the popularity contest at the event and these are, when we say the event, th

viacom cbs is in the rumor mill for a potential deal. controls cbs viacom through national amusements is here. there will be a lot of other people here as well, neil. bill gates, we confirmed that bill gates is at least scheduled to attend. this has been an interesting year for gates. he had to resign from the microsoft board. it came amid an internal investigation that when he was ceo of microsoft he had an affair with a worker there. amazon's chief jeff bezos will be here. andy jazzy who will replace bezos will be here. we'll keep an eye out for all this stuff. there will be a lot of deal-making here this year. a lot of talk about cbs viacom being for safe. a lot of other properties. hopefully we get a little insight what that deal-making is. we should point out, neil, this is kind of a pseudo intellectual think fest, at least superficially, these guys come here and think big thoughts. behind the scenes is where the bankers work. i will try not to get thrown out totally. back to you. neil: are you staying at the same resort these guys

supported streaming platform there are other streaming players in the spotlight here in sun valley, viacom cbsaslav. while he awaits approval of the company's merge we are warnermedia he's looking forward to talking to comcast roberts and nbc universal's jeff schell. take a listen. >> we're just about great talent and great content. we want to get this deal done but over time i think there's a lot of assets out there that have good ip that will probably find homes >> reporter: in addition to looking forward to talking with roberts and shelby, he'll be speaking with warnermedia chief jason kylar whose role is not determined we'll have a great line-up of ceos in sun valley starting with hans vesper tomorrow morning on "squawk box. >> it was interesting he was interested to talking to the ceos of our parent company and parent unit. what could he have up his sleeve that would be a lot. >> it would be a lot roberts and schell don't think they need to buy anything right now. they were asked some of our investor conferences in may and didn't feel there was pressure to make acquisitions to get larger

two names that screened into one of our etfs entering the business, cbs viacom and discovery.nt the discovery story is a low-cost input streaming service because they are reality-based who doesn't lmike rowbury and "dirty jobs" we think you can enter some of these growing tech opportunities, but which buying different names that are trading at a discount to the overall market and that are generating a lot of free cash flow today. that free cash flow is important in a rising inflation environment. growth will get hurt by that getting a current return on your money is where you should be if you see inflation rise. >> no doubt. there is a reason that stocks are cheap. ibm, and i am not here to pass judgment on it, but they are challenged in a lot of different parts of their business. loot of people are concerned about the erosion of market share they have and their legacy kbiz, not to mention their debt lead there is occasionally the marke is right in paying a low multiple for things despite it might be generating a decent amount of cash flow. >> i agree the cash flow is what we

got the trial for cbs viacom and now it's it's time to sober. the honeymoon is over. we don't need that much content anymore. well, now we're having parties. we're not watching tv now we're going on trips. so who's going to be the winner right now. netflix has 208 million subscribers disney's got a 103 million hbo. max has 63.9 million peacocks 42 million. then you start falling off of viacom. it's interesting to note amazon streaming services where we have watching movies and they would be the second biggest streamer behind netflix except for we don't watch a lot on amazon which service d well, i like netflix, but it's funny because of the way disney. i saw in number 2 position and. >> i swear jersey started yesterday. you know, it's so do i can't believe you just rocketed up like that. >> yeah. it feels like disease got the production values whereas netflix as the volume volume access to quality content that we want to see and theater so i little bit different, but they're all michy but replace cable bill with just a time. a bell at totally just as high. and i like

viacom, cbs, comcast, nbc universal are under pressure. most telling comments is that he is paying close attention to the amazon mgm deal because it shows scale does matter. the only way these guys can compete is if they scale up. he suggests amazon and apple have the cash. they have sharp elbows and they have switched up the industry. romaine: we will see if apple becomes a thing in the streaming wars as it has promised to be. is there talk at all about regulation at the idea that dreams of consolidation could run into a new administration and a new focus on size and scale? ed: i have asked and people say we will see. the bided administered -- the biden administration has put energy back and antitrust. i asked sheryl sandberg of facebook if we will see facebook being more aggressive. she said nice to see you and did not comment. what people are focused on our deals that add value. the pandemic theme has been that content is king. it is not just traditional broadcasters. it is not just traditional media companies trying to get hold of thes

it's available on the viacom cbs streaming app paramount plus. >>> so many students rising above scholars, high achievers always on the go, and this week's color no exception. >> after she experienced a big loss, she discovered slowing down can also be a path to success. >> there is a lot of value that can come from knowing who you are and where your people come from. >> reporter: felicia james walking with confidence into her future, heading to alabama state for her last semester of college. the historically black university provided the 23-year- old pittsburgh resident with an educational link to family and community in the deep south. >> i'm still grasping the of it all, what it means to me to be going to an hbcu and to be learning more about my ancestry, my history as a black woman. so for me, all i can do is go back to both of my parents being deceased. it's like i have to jump back a generation and use my grandparents as much as i can, from what they remember, what they were even able to access. >> reporter: a big jump a young womao so much. >> i already lost my dad when i was in el

now, i know what's going to happen in five minutes, i'm going the to get a call from cbs viacom evenppening, we're not officially talking. i know all that. i know all that. but i am telling you, i spoke with several major media ceos at that conference and said based on the sort of -- and that's how these guys do it, by the way. they dance at the conference. hey, how are you, let's talk, let's have lunch. introductions. it's not quite merger talk, it leads to the merger talks later on, and that's essentially what went on. by her body language, by the fact that she was speaking to everybody, the takeaway from her, from media executives is that she's, she's open for a sale or some sort of deal. now, a lot of people are talking about comcast buying it. that would be a really heavy regulatory lift. the people, from what i understand that they did speak, brian roberts and sherry, at this conference. it wasn't an official merger discussion, but they did speak. you know, could lay the groundwork for future talks in the future. again, not official merger talks. but that's how the dance goes.

the obvious target are viacom, cbs, paramount plus service which is behind the pecking order of otherscomcast. beyond that, you don't just have m&a specifically, it's about other deals. >> we can see pictures. are there any interesting conversations you can see happening? >> yes, you have this antitrust news at the mike -- the moment. we haven't actually seen the microsoft ceo yet. they tell me that jeff bezos is on his way, but he has not arrived yet. and of course, google is in the freight. imagine -- google is in the fray. imagine them all being in the same room with the data and ios discussion going on. i also asked sheryl sandberg, did she have any comment on president trump's lawsuit? she said no, then she went in and had her breakfast. i think that more arrivals are expected if jeff bezos comes, there will be questions about blue origin. july 20 is not far away. should he not be preparing for his trip -- trip into space? the keynotes are really about the economy, covid, a lot of health specialists here. what i am hearing is that this is a great time to speed date. [laughter] one

comcast, viacom, cbs and others that have ad supported solutions as well as x five solutions have massive not only in subscribers but add dollars and add revenue. many other revenue streams as well. the concern is with everybody else starting to see more and more time and audience from streaming solutions, there is more motivation for competitors to spend more. then competitors have other revenue streams. netflix spends 12 billion. what is to stop amazon from spending 13? i don't think that -- it was ok to get into that arms race when other people were not really playing five years ago and they were spending against themselves. now there is a ton of competition from companies that are ready to take the next step. caroline: let's talk about diversification. not just in offering it to gaming but you talk about this ad model. i immediately start to think about spotify where he could have these two lawyers. the cheaper version and the premium version. spotify have getting more into podcast. what do you make of other areas in which netflix can diversify its revenue? >> i think the trifecta wou

example in streaming, netflix is the big player there but you can stay in streaming, names like cbs, viacomcentage than netflix. if you're leaning into your story about the pentagon and jedi, if you want to invest in the cloud, the big players are amazon, microsoft and google. ibm is a little cheaper and they do have a cloud strategy, a hybrid cloud strategy. and if you want to continue to invest in, say, online retail, you don't necessarily need to own amazon. you can own the suppliers of the data services, like the big data center names or you can buy the industrial warehouse names. i was going down to the beach over the weekend, jersey is known for its highways. i take -- you get over the bridge into new jersey with the back roads, it used to be acres of farmland, now it's acres of distribution centers, either finished or being built for that demand. so i think it's time perhaps for investors to be a little bit cautious. we made an awful lot of money here over the last decade by owning stocks. it may be time to reallocate portfolios to names that have lower pes and higher free cash flows

mgm, you look at what apple has done in the content space, now there is pressure on the likes of viacom, cbsast, can they buy some property that will keep them relevant? one thing is clear, there is a consensus behind the scenes that there are deals to come in the tnt space. matt: cheryl and mary are pretty young. everybody else there looks pretty wise in their years i'm sure. we saw warren buffett pull up. is there a young tech crowd there at all, or is it just billionaires and ceos in their 50's, 60's, 70's, and 80's? ed: it is really interesting. the press is camped out because they want to hear from jeff bezos. sources tell me that jeff bezos is attending. you do have this next generation of the palantir ceo who is here, for example. you see other players from the worlds of social media, dropbox's ceo drew houston is here. twilio ceo is here. those may not be household names when it comes to sun valley but the landscape has changed. deals gone behind the scenes. when executive made the point when you think of sun valley, you think of m&a and the telecom sector. he is not in that space an

which of the players, viacom, cbs, comcast will have to do something to compete with amazon?zon's acquisition of mgm, the maker of the james bond films. that is the talk in the media space. beyond that the chatter is about we are all back together, we've not seen each other for a long time, let's do some business. taylor: you mentioned amazon. there was a big shakeup in the tech world yesterday with microsoft may be losing some of that contract to having to share it with amazon. where are the biggest of the big? ed: this is what some of the awkward moments about sun valley are. the relationships between ceos that are not in a good space. sources tell me jeff bezos is coming from sun valley. we have also not seen microsoft ceo -- he has been invited according to the list. now google enters the fray and we have not seen -- we are also interested to see what jeff bezos has to say if he arrives. the baton being handed over this week. sources tell me it was an opportunity for jeff bezos to present the new amazon. guy: in terms of what is expected to come out of this, we talked abo

what does that mean for viacom cbs? also looking at amazon because of jeff bezos.ources tell me he is definitely coming, but he's not arrived yet. of course, we had the jedi contract. we have yet to see google's ceo, who may now have a chance on that contract. i spoke to a couple of executives this morning. one pointed out to me that this is a great opportunity for him to be in the room for the first time in 18 months with customers , with investors, with existing business partners, people that haven't been face-to-face for a long time. i asked another exec it of which will we see deals happen? he said they have been holding this conference for 35 years. why would this year be any different? taylor: i'm going to take it from here. iq has always for bringing us that report from sun valley. i hate to break it to you, you are the cell signal. the minute you open your mouth at 10 a clock a.m., you get a sharp drop. we do not go to the moon. we go to the opposite. take a look at gamestop, off 9%. amsi is now off for 4 -- amsi is now -- amc is now off for four straight d

by the way, that's what makes it odd, viacom cbs, brian roberts is here.ght. see you tomorrow. go find david sasse love, get some news from him. charlie, thank you very much. we are coming right back. ♪ ♪ . . ♪ all by yourself.♪ - oh. - what? rain. cancel and stay? done. go with us and get millions of felixble booking options. expedia. it matters who you travel with. my retirement plan with voya keeps me moving forward. expedia. they guide me with achievable steps that give me confidence. this is my granddaughter...she's cute like her grandpa. voya doesn't just help me get to retirement... ...they're with me all the way through it. voya. be confident to and through retirement. ♪. liz: okay, so it's the nasdaq the only one that looks to close at its second record in a row. any gain works here up 24 points but today's "countdown" closer says, you know what? forget the investor rule book now. time to throw it out. it will not work in the future. there is a new book. peter mal u.k. is putting it all together. creative planning ceo. 85 billion in management. yo

>> i'm kind of back stabbing us a little bit i'm doing cbs because i'm going with viacom but i think. >> and mike? >> yeah, if you want to be in the airlines but considered about a slow recovering travel, pick an airline that doesn't have as much exposure, like southwest which is trading cheap, has lower composure and a great balance sheet. >> all right guys, a great show as always thank you for taking it easy on me and don't go anywhere. it is friday but the regal beagle could wait for 30 more pts because we have "options action" coming up next and pins and the pop and ford v tesla next retirement income is complicated. as your broker, i've solved it. that's great, carl. but we need something better. that's easily adjustable has no penalties or advisory fee. and we can monitor to see that we're on track. like schwab intelligent income. schwab! introducing schwab intelligent income. a simple, modern way to pay yourself from your portfolio. oh, that's cool... i mean, we don't have that. schwab. a modern approach to wealth management. the world's first fully autonomous vehicle is almos

the title of a new book from author sebastian junger, published by simon & schuster, a part of viacom cbsi walked along the east coast along the railroad lines, sleeping under bridges and cooking over campfires. it was a kind of high-speed trip that saw us go through farms, ghettos, suburbs, wild lands, that make up this grat country. once we walked through chester, pennsylvania, a small, but dangerous town that recently tripled the murder rate in nearby philadelphia. it was a warm, fall day, and i saw a man drinking on his front porch. he raised his beer as we passed by, and i stopped to ask him what he loved most about america. freedom, he said without hesitation. it is a free country. the man was african-american and lived in an exceedingly poor, broken community. it seemed like a moral victory that he would remain focused on freedom, despite the injustice of his circumstances. my father grew up in europe and fled fascism in spain and then in france, and he told me he came to america because he knew that freedom and democracy would never fail here. he always made sure to tell me that m

i'm sure there will be a lot of conversations about whether or not redstone is open to selling viacom cbsthey might pull out of hong kong due to data laws it'll be an active week in the space, joe. >> i just realized why some people are mad at zuckerberg you know, you can pick your reason i like the video i like the flag. i like john denver i like what was happening with him, you know, on july 4th but then one of -- a viewer that follows me, i don't know whether that tells you anything, but he said, maybe it's because they're censoring all this -- maybe people are mad because he is pretending he is waving the flag and trampling all over constitutional rights of a whole group of people. whether it's facebook, twitter, whatever i think people from the more woke side or here's this billionaire trying to pretend it is a normal guy, and he's not. he can't do anything without -- and i think everything is that way nowadays, sara you get it from both sides. >> especially if you're a corporate executive. a ton of people work on his message, try to make sure he seems relatable, et cetera my persona

markets together partnership talks come as comcast and viacom cbs are looking to expand.ng i would caution folks it would be very, very challenging in this regulatory environment to try to pursue something more meaningful that's why, in fact, if talks were to proceed it were around international streaming and the like. >> and that's why you would want to get it out so quickly, with an exactly what the meet ing is about. the minute you hear there's a meeting between brian roberts and shari redstone you're thinking -- i don't know whether you believe what you hear, that brian says he doesn't think it's necessary to pursue something like that. kavanaugh, cfo, saying we like the assets, the hand we have right now. i don't think we need to give anything back. if you take that at face value but you never know with these guys you never know and all of a sudden -- but you're saying -- >> the one thing you know -- >> you're saying the concerns -- >> you saw what happened to the stock last time. it was about a month and a half ago. immediately sells off. >> how clever you can get w