charlie gasparino breaks the story for us, next.ed from a corporate job one day, whipping up a recipe for her own business , literally that same night. my latest ever episode of everyone talks to liz focuses on founder and ceo of mini cupcake sensation "baked by melissa" she reveals how she picked herself up off the floor the very day she was canned and began building what is today a wildly successful global cupcake empire listen to the story on spotify, apple, google wherever you get your podcasts we have more than 100 episodes of everyone talks to liz. we're at session highs down up 580 points don't move you've got to see how this one ends. experience capability, crafted by lexus. the remarkable gx and lx. lease the 2021 gx 460 for $529 a month for 36 months. experience amazing, at your lexus dealer. that building you're trying to sell, lease the 2021 gx 460 for $529 a month for 36 months. - you should ten-x it. - ten-x it? ten-x is the world's largest online commercial real estate exchange. you can close with more certainty. and

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charlie gasparino, of course he's the one who has that news. he's bringing you the details next. ceo of bigby coffee gives his story of how he did it on my everyone talks to liz podcast. from one tiny store in michigan to 250 locations today, now he wants to buy the detroit red wigs. i mean, it's a great american success story. catch it on spotify, apple, google, anywhere you get your podcast. we're coming back in 17 minutes. green on the screen, but the nasdaq is struggling on this first trading day of may. ♪ ♪ y i go with liberty mutual — they customize my car insurance so i only pay for what i need. 'cause i do things a bit differently. wet teddy bears! wet teddy bears here! only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪ ♪ ♪ look, if your wireless carrier was a guy you'd leave him tomorrow. not very flexible. not great at saving. you deserve better... xfinity mobile. now they have unlimited for just $30 a month... $30. and they're number one in customer satisfaction. his number... delete it. i'm deleting it. so, break free from the big three. xfinity inter

charlie gasparino has the scoop on why a decision made by team biden may be taking so long when it comes, 15 minutes away. we're coming right back. ♪ ♪ we have a guestroom now. but we have aunts. you're slouching again, ted. expired. expired. expired. thanks, aunt bonnie. it's a lot of house. i hope you can keep it clean. at least geico makes bundling our home and car insurance easy. which helps us save a lot of money. oh, teddy. did you get my friend request? oh. i'll have to check. aunt joni's here! for bundling made easy, go to geico.com hello?! sure, about this? experience capability, crafted by lexus. we're good. the remarkable gx and lx. get 0.9% apr financing on the 2021 gx 460. experience amazing, at your lexus dealer. front desk. yes, hello... i'm so... please hold. ♪♪ i got you. ♪ all by yourself. ♪ go with us and get millions of flexible booking options. expedia. it matters who you travel with. ♪♪ liz: it has been a nine months now since president trump ordered the sale of chinese-owned tiktok's american assets. oracle and walmart were in the lead and set to buy the short-form

charlie gasparino following that development for us.irst governor in the nation to say the extra unemployment benefits that keep people collecting the benefits through september, he just put a stop to it. why he said thanks but no thanks. after this. this past year has felt like a long, long norwegian winter. but eventually, with spring comes rebirth. everything begins anew. and many of us realize a fundamental human need to connect with other like-minded people. welcome back to the world. viking. exploring the world in comfort... once again. ok, at at&t everyone gets our best deals on all smartphones. let me break it down. you got your new customers — they get our best deals. you got your existing customers — they also get our best deals. everyone. gets. the deals. questions? got it. but, why did you use a permanent marker? because i want to make sure you remember. i am going to get a new whiteboard. it's not complicated. only at&t gives new & existing customers the same great deals on all smartphones. get up to $800 off our latest 5g

to charlie gasparino, whose bellying up to the bar at his upper east side sustina, with the owner, heyz, i want you to know i paid the bill, okay? i know i've got a few e-mails out there people think i'm eating free spaghetti. liz: every time. charlie: i just want to give a little background on the bruno brothers. they are an american success story they came to this country with almost nothing they started as dishwashers, bus boys, they built three of the great italian restaurants in this city, and they served the wall street elite. this is an american success story that we almost lost last year, because of the pandemic and the very harsh lockdowns which a lot of people think were way out of control, way too much , 25% and 0. tell me about how you survived this and i want to get into how you're trying to survive what's going on now. tell us about the past year. >> well the past year was really horrible. at the beginning, i didn't think we were going to make it because we saw a lot of loss of life, and the virus was really -- charlie: customers of your got it? >> yeah, people disappeare

plus, charlie gasparino on the palace intrigue that's in full swing right now. who's predicting how the chess pieces fall. as at&t and discovery build a media giant, home builders are stuck in their own catch 22. rising material costs paired with huge demand, we've got the ceo -- listen to this or -- the housing stock that's up nearly 1,000% over just the last year, love hovnanian ceo is here in a fox business exclusive. and the colonial pipeline is slowly coming back online as gas stations across the south struggle to fill up. arco's ceo is here to give us the situation on the ground in his nearly 3,000 gas stations. and bitcoin breakdown. is tesla ceo elon musk so powerful in the crypto space that he can role the market with a single word? indeed. bitcoin's down to $43,692 right now. breaking news, now that the dust is starting to settle from the at&t and discovery bombshell where at&t is going to spin off and merge warner media assets with discovery, shares are are settle back down as well. discovery down 5.25% while at&t stock which is shedding assets from h

charlie gasparino's about to break the latest details on it next. said it couldn't be done but you managed to pack a record 1.1 trillion transistors into this chip whoo! yeah! oh, hi i invested in invesco qqq a fund that invests in the innovators of the nasdaq 100 like you you don't have to be circuit design engineer to help push progress forward can i hold the chip? become an agent of innovation with invesco qqq that building you're trying to sell, can i hold the chip? - you should ten-x it. - ten-x it? ten-x is the world's largest online commercial real estate exchange. you can close with more certainty. and twice as fast. if i could, i'd ten-x everything. like a coffee run... or fedora shopping. talk to your broker. ten-x does the same thing, - but with buildings. - so no more waiting. sfx: ding! see how easy...? don't just sell it. ten-x it. (vo) while you may not be closing on a business deal while taking your mother and daughter on a once-in-a-lifetime adventure — your life is just as unique. your raymond james financial advisor gets to know y

to charlie gasparino.'re going to talk to people right now, today -- when i say people, i mean the big banks, the global, the lobbyists that work with the big banks that were monitoring the situation and others, they think there's a good chance this is going to happen, there's going to be at least a compromise, cap raised to $30,000 as opposed to 10 or maybe get rid of it altogether. what we are seeing, at least according to business groups that are really pushing for this, business groups in new york who believe that not raising that cap or getting rid of it and not a reinstatement of s.a.l.t. is going to lead to a massive population drain of rich people that are essentially the tax base of new york from new york state and other states as well with the same situation. we're talking about connecticut, to a lesser extends. what they're telling me, and i'm getting this people close to some of these business groups, essentially a lobby group of new york business people, and they are pushing bigtime to reinsta

howie: joining us now from connecticut is charlie gasparino, senior correspondent and on fox businesswho knows the family as i do, you know chris well, know the brothers are closed. they talk every day and chris cuomo will give private advice to his brother. is there a distinct between that and hopping on a bunch of damage control calls with pr people, lawyers, outside folks and even cnn in a statement said that was inappropriate. charlie: let's just back up a minute. at some point you have to say was the viewer harmed in the controversy, did chris cuomo hide something from the viewer while he was doing a report about his brother or reporting on his brother? were the viewers damaged by the conflict of interest? let's be clear here. the viewer wasn't. there's full disclosure by the fact his last name was cuomo. chris cuomo wasn't covering the story at all. the viewer really want harmed in this. it's hard for me to like put this into scandal category. that being said, i think he made a huge mistake by being on the call. it's just -- you just don't want to be part of the official apparat

. >> gillian: charlie gasparino is joining us now from the fox business channel so it sounds like thisr, the 266,000 is a big disappointment and were hoping it would be 750,000 jobs more on top of that so where'd jobs go, where are they? let's take a look at this. construction turns out is unchanged, goods producing is down, retail down, education and health services down and transportation down. what do you make of these numbers? read the tea leaves for us. >> and help wanted signs on those businesses are up and here's the thing i think president biden is really saying here if you want to cut between the spin. >> gillian: that's why we pay you the big bucks. >> i lost my train of thought there. >> gillian: sorry. >> when he says we are on the right track, he says these headline numbers is going to be the selling point for his spending bonanza coming up which if you parse through it is not really a lot of infrastructure, the lot lot of social welfare stuff. that's what he will use to push that through incinerating much more government than is available right now. the reality is in anyb

joining us now, charlie gasparino ready to break this one. laughter] liz: i'm a hockey fan. i don't know. [laughter] >> i think that was, that was meant for bob manfred, the commissioner of baseball, who moved the all-star game out of atlanta over pressure from activists over the georgia voting law. and and now comes a political advocacy group founded by home depot cofounder bernie marcus called the job creators network. he's trying to turn up the heat on mr. manfred to possibly move the game back. now, i give this very low odds not because the job creators network and its president, alfredo ortiz, that they're not trying hard enough, but today a rally. they've been running a series of ads on billboards, particularly in times square a couple week ago, others again saying no balls, all strikes on mancaving to the pleasure -- manfred caving to the activists. they've also written the commissioner to set up a meeting with him to discuss the matter and why his decision to move out of atlanta was not just, you know, giving in in to the woke b but ho

for the kill once again today, and of course with amc you have your fans of amc tangling with charlie gasparinon twitter all day. all night, charlie, take your vacation, enjoy it. big news for those names beach body getting ready to muscle its way on the street but how do you get people to work out online just as jim's reopen. carl daikeler is here to dominate the gyms in the online fitness competition from peloton to apple we have 37 minutes before the closing bell rings, call the dell unto down flat but we have crude oil moving higher were about $66 a barrel in the upper market session. ♪ we are thrilled we finally found our dream home in the mountains. the views are great, the air is fresh. (sfx: branches rustle) it is bear country though. hey boo-boo! we hit the jackpot! bear! bear! bear! look, corn on the cob! oohh chicken! don't mind if i do! they're hungry. t-bone! that's what i call a smorgasbord! at least geico makes bundling our home and car insurance easy. they do save us a ton of money. we'll take the cobbler to go! good idea, yogi. i'm smarter than the average bear! they're gone, d

fox business charlie gasparino is here with the latest on that, charlie what else are you hear ing?the second richest man in the world, just so you know. i think it's the guy, the dude from lvmh, bernard arnold, just to be clear, you know, there are a few billion here and a few billion there and it makes you the richest or the second richest but i think it's at this point, it's bezos, arnold, and elon musk and then you, jackie. jackie: oh, well, yeah, i wish. charlie: [laughter] cavuto is in there somewhere too i hear. [laughter] listen when you get a big deal like this , the discovery/at&t spin-off deal an amazing deal from so many different levels including the fact that it reverses three years worth of work at at&t, and, you know, where they were going to be this sort of conglomerate that gave you both content and distribution, that this unwinds that, that's a big story but also, we're going to get some degree of consolidation, bankers are saying now, after this deal, and i think it'll be interesting how the consolidation works. lots of talk right now about a tie-up between comca

developed way beyond just things like bitcoin, ethererum for example, a big beneficiary today charlie gasparinond? charlie: you know, i do have breaking news right now, sources tell the fox business that janet yellen will crackdown on cryptocurrencies because of the invention of a cavuto currency. they say this is a step too far in this market, that it's a sure sign of a top, that it's going to lead investors into ruination , and they are going to crackdown on it immediately, story developing on this , back to you. neil: i appreciate that, i've always been very leary of italians venturing into this , but something weirds going on, right? charlie: [laughter] well here is what i could tell you from, i've been speaking with people close to the biden administration on this for a while. some of the major investors, some of the crypto trade rooms which are trying to keep tabs on it in washington, we've had the crypto mom from the sec on this , there's something coming down the pike and i think tomorrow we'll get some indication from the hestapurse, is the crypto mom, the sec commissioner is in favor

charlie gasparino has a lot more on that. hey, charlie. charlie: hey, neil great to see you again. packed at capacity, and the latest sign that new york city is recovering from its pandemic shutdowns and they were massive shutdowns is that wall street is coming back to life, slowly but surely. jamie dimon gave a great interview today with matt murray the editor of the wall street journal where he laid out some of the things that jpmorgan is going to do, how he's ending zoom meetings, he doesn't want to have a zoom meeting ever again. he wants his people back in the office, at least staggard in the summer and the new york stock exchange which is a symbol , definitely, of wall street for many years, of the wall street new york headquarters of wall street is now beginning to reopen fully and here is what we know, and this involves both traders and the media, and as you know the new york stock exchange has been a immediate media hub for many years in the last 10 years particularly and some of the floor traders trading has gone away its become a tv studio and basically is a place where

jackie: we will see, charlie gasparino always great to see you, thank you. after the break. ♪ lately, it's been hard to think about the future. but thinking about the future, is human nature. ♪♪ at edward jones, our 19,000 financial advisors listen and work with you to create personalized investment strategies to help you get back to drafting dreams and building your future. edward jones. it is time for investing to feel individual. ♪ limu emu & doug ♪ liberty mutual customizes your car insurance so you only pay for what you need. thank you! hey, hey, no, no no limu, no limu! only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪ jackie: a limit gold medalist caitlyn jenner coming out against allowing transgender athletes who were born male to compete on female sports teams. fox news correspondent aishah hasnie has the latest. >> generally has some explaining to do because without many details, it does appear to be a flip on her stance to watch what she said this weekend. >> this is a question of fairness, that's why i pose biological boys who a

charlie gasparino with the latest on this. e is not the for the faint of heart. >> it never was. it was rolling, throwing the dice. i've been speaking to hedge fund investors, not retail investors involved in this and it is always described from really smart guys who make a lot of money that are in it, it spices your portfolio, it shouldn't be the whole portfolio and the people who made it their whole portfolio, mainly retail people, a lot of average investors threw a lot of money in it, not well-diversified are getting crushed. we should point out bitcoin was as low as 30,000 i think earlier this morning t has come back semisignificantly. hear from hedge fund people, take it for what it is worth, these guys are again, with people a few percent of their portfolios in it, they run multibillion-dollar hedge funds, they're not all in but what they're say being we're in the middle of a correction. the correction could mean another 10,000 low, another 10,000 off the lows for today. you could see bitcoin go to 20,000. don't be surpri

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charlie gasparino. i want to go to lydia hu right now.happened with georgia and texas, the same thing. the companies acting negatively to that, could encounter turbulence, what is the latest? reporter: neil, we're seeing movement. around the country. florida governor ron desantis signed changes. there is requirement voters must provide i.d. number or last four digits of their social security number to request a vote by mail ballot. >> signing this bill here says florida, your vote counts, your vote is going to be cast with integrity and transparency and this is a great place for democracy. reporter: up next possibly texas, because the house could vote on election reform legislation there as soon as today. but after organizing boycotts in georgia last month, activists and big businesses are pushing back in texas. more than two dozen companies take a look here, here are some of them, they include hewlett-packard, microsoft, etsy, levi strauss, signed a letter that doesn't specifically mention the texas legislation but says, quote, we stand

charlie gasparino has that story what are the details here charlie?ures, you name it they are all over the place and preaching progressivism outright one of the reasons why they are doing is because they fear regulatory action from the securities and exchange commission which is wall street 's top cop and what we're hearing from sources close to gensler, is that he is, in fact, mounting a crackdown on whether companies properly disclose the sort of soft issues known as esg environmental social and governments, diversity, do you do enough to protect the environment? how are companies disclosing that and are those disclosures accurate? and he's what's fascinating about this , david, is that he's what i understand, he is starting cases, enforcement cases, around these issues concerning corporations, he hopes to bring a few cases to set sort of a marker down on what you should do and shouldn't do, in terms of disclosing and adopting these socially- progressive policies, and securities lawyers, who i'm hearing this from who have been hired by companies say

let's get to charlie gasparino.ks have really gotten dinged by having lent to archegos. >> right. it feels like a bank a day, right? [laughter] the latest is ubs. as you know, credit sweet, goldman sachs -- who got out of it unscathed largely -- morgan stanley who lost about a million dollars, and if i'm sure i'm leaving -- a billion dollars. in the future now is what comes of arch women egos, does it survive. the ft wrote a really good story and said they could be luck by dated at some point. -- liquidated at some point. here's what they're telling me, no decision has been made. bull wang wants to make a go of it if he can, wants to try to revive the business if he can. and that's a big if. capital, both capitals there, liz. as you know, archegos lost $15 billion. it's up clear if bill wang, the man at the center -- this was his money. he built from a relatively modest, i guess, fortune of, or you know, less than a billion, obviously, not quite a billion ten years ago into something that before it blew up was worth

what is ahead for at&t's ceo john stankey, who charlie gasparino is continuing to come under fire forng fumbled with warner media in the first place. charlie: right and being part of like a decade-long fumble at at&t, so it's really interesting about his future. i've been talking with some of the people close to elliott management, as you know had a massive stake in the company, it still has from what i understand a small stake and it mesa came you late a bigger stake going forward because it does like what's going on right now, with the company in terms of selling all the assets that elliott believed was a drag on the stock , but i've been talking to people close to elliott and it's interesting what they have to say. first off they're telling me that again, they like the stock. they are saying that it's possible they get back into it at some point in a major way. they've sold, they still own a small stake and they will obviously own a small stake by virtue of their holdings in at&t in the new company, the discovery timewarner matchup , but what they are telling me is people close to

but first, our own charlie gasparino is here, and he's hearing that hedge funds are growing increasingly, there's a little talk that powell may introduce some sort of digital currency himself. what is going on here? >> well, it's weird. cryptocurrency craze, andrew cuomo giving people free lottery tickets -- [laughter] jackie: charlie, people just want the vaccine in some countries, here you have to pay them. >> i just think the governor's overreaching. what do i know? and it looks like jerome powell's overreaching. here's the thing with this, with crypto. i'm not a disbeliever in it. i don't believe you are. the blockchain technology, obviously, is a seamless way to transact business. the fed is printing money, debasing the dollar, you know? what's the difference between a dollar and a bitcoin if you can't transact business with, so i get all the positives with this. but really, this thing's been around for how long, 10 years, 11 years? it's still sort of a backwater, and now we've got the federal government coming in here looking to compete with this backwater. i will say this, when i

well let's go to charlie gasparino in new york city where the opposite seems to be happening he's talkingr crisis, a jobs crisis. charlie? i hope you're getting a free lunch out of this , by the way. charlie: [laughter] no, we always pay. david: good. they need it. charlie: yeah, okay, we're at the great sistina restaurant in new york city, and i want a little background on you gerardo you're going to kill me. if you know the brothers they are incredibly rivals. >> competitors. charlie: but gerardo your brother, you came here from italy with nothing. >> uh-huh. charlie: bus boys, waiters, dishwashers and you created three of the great italian restaurants in the city, and you serve the wall street elite so a little background. this is an american success story. you survived the pandemic. it wasn't easy. describe what it was like to basically be opened and closed and opened and closed. >> well, when we got shutdown, they told us three days before that we we gordon changing to be shutdown, so i didn't believe it at first. i thought it was a joke. i didn't think that the pandemic was so bad,

earlier in the day we had what, charlie gasparino fighting with the meme stock crowd. c up 18%. gamestop up 16%. dan genter, we have minute here. why are we at the session lows? >> liz you've seeing a little bit of a pullback this market is very, very solid. you will see fluctuations day-to-day. the thesis is staying in place with regard to the horses driving this market. with regards to strong monetary policy, fiscal policy and the reopening trade. i don't really see that changing. people that will fight this market are stepping in front of a freight train. if they get any weakness it's a good chance to buy in. [closing bell rings] liz: dan, thank you very much i couldn't say it better myself. there is the closing bell. we were off the session lows which were hit a few minutes ago. the dow losing 83. ♪. david: hello, everyone, welcome to "kudlow" i'm david asman in for my bud i larry kudlow. nih director giving testimony over the funds that may have gone to the wuhan lab. three members of the lab became ill in november of defend 19.

charlie gasparino here with who this brokerage is. let's hear it. >> it's the biggest brokerage.t merrill lynch because we've been doing reporting on this, my producer ellie and i, and it's not just merrill lynch laying out for their clients what to do to change residencies, residences. it's ubs, it's morgan stanley, the other two big brokerage firms. let's just unpack this a little bit. these wall street firms are expanding their operations to deal with clients who want to flee from high-tax states, namely new york and california to lower tax states, namely florida from new york, but in california it's going to nevada and texas. i didn't realize nevada, but apparently it's a place where people are going in addition to texas if you're on the west coast. again, it's these big firms. they are not just giving these client lists, the 10 things you have to do if you move to florida and how to exactly change your residence, and it's a little complicated. of you have to really domicile yourself in that new state and make sure that you are completely domiciled where any paycheck you get

charlie gasparino is here, charlie, what do you think of all of this? what's making it happen?david: i do indeed, that's a good point. charlie: so you know, i think there was a mini crash going on right now in bitcoin, not a seminole move but there is clearly a debate going on in the markets about bitcoin and there has been, for a while, people have been fearing regulation. we've been reporting that, but the musk tweet and announcement today regarding the environmental concerns of bitcoin mining, that's how you get more bitcoin you have to go out and mine it and figure out these mathematical problems, and it takes up a lot of energy, that he's concerned about, that thus he's not allowing bitcoin to be used to buy tesla, that is really caused a huge sort of quake in the market and now, is this a seminole move? is this the end of the bull market and bitcoin? who knows. i doubt it, but clearly, there is some sort of a recalibration going on among investors, and here is why, david. the securities and exchange commission, the treasury department, which are regulating bitcoin, and cr

, bank of america under pressure for having no succession plan for its next ceo fox business charlie gasparinot how good of a job that brian moinahan, the ce ceo of bank of america, it's very interesting because about 10 years ago see right there it was trading almost, if you go back, there we go, right? stock is trading in penny stock territory, very near it. look at it today at $40 stock. that's a pretty good turnaround. again bank of america was coming out of the depths of the financial crisis. it needed a bailout, it needed help from warren buffett, it got that but it was pretty steady at the top meaning the guy that ran it, brian moinahan has done a decent job keeping that place together. that said, jackie, sources are telling the fox business network that investors are getting a little antsy that mr. brain whose 61 years old been at the job between 12 and 13 years does not have a succession plan in place, like nothing even close. we should point out that two major banks had succession plans this week, msnbc, james gorman named two potential successors and as well as jamie dimon naming tw

fox businesses charlie gasparino on that. >> i think he made a huge mistake by being on that call.art of the official apparatus of the governor of new york's office. >> that was the problem, cnn not defending that behavior saying it was inappropriate and trying to move on without any penalty. cnn is getting another corporate owner, at&t bailing on the network and other assets after three years kicking it over to a new company being formed as part of a merger with discovery network. that's rather unsettling for the network as well. >> dana: thank you. >> bill: video, migrants running across the border, many of them. new warning about drugs and guns. lieutenant olivarez is back with us today with the pictures you only see on fox coming up. would you take a pay cut to keep working from home? wow. maria bartiromo has an answer on the future of getting back to work coming up next. veteran homeowners, home values are at all-time highs. you could have much more equity than you think! banks can loan you some of it. newday can loan you all of it! the newday100 va cash out loan. ok everyone,

want to turn to politics with our charlie gasparino and a big texas donor that will feature the formerr of new jersey. what's going on, charlie? charlie: and tim scott and marco rubio, as you said mike pence. i mean, this is what is known as a beauty contest for the 2,024 republican nomination. how do i know about this? i know a lot of rich guys in texas, big wall street types, businessmen. they've been bombarded with requests to give contributions and they have been given contributions to christy, to rub io, to mr. desantis, there is the all-star list, starting outfield, tom cotton, mike pompeo. noticeably absent though from this beauty contest for 2024 is donald trump. i found that pretty interesting, so did a lot of the donors but you know, neil, i just listen to mr. scalia before, great respect for him, and what we're going to see some of the same talking points he mentioned there, about the biden economy right now, and how businesses might be pulling back, because they are worried about tax increases. you're going to hear a lot of that at this conference, it's from what i understa

charlie gasparino has the latest o in that hi, charlie.oldman, the white shoe investment bank, plan to have most of their people in at least 60% of the time by the summer. those are edicts from jamie dimon, the ceo of jpmorgan and david solemon, the ceo of goldman sachs. they are really worried about compliance issues and they want their producers back in the office at least 50-60% of the time. now, contrast that with ubs, msnbc, bank of america and citigroup, they are all planning to have much more of their workforce in the office by labor day, just to slowly gradually bring them in, citigroup, for example, tells us they want 30% of their workforce in by the summer, so it's interesting, it's a tail of two wall streets. why are the other banks not coming fast enough? well, or sooner i should say? they are getting a lot of pushback from their employees, unlike david solemon and jamie dimon, the ceo's of those banks essentially relented to employee pressure, to spend more time at home, so that's what you got here. it's interesting, david sol

charlie gasparino.dership? give us details. >> last october i believe it was, time warner was at least, at&t was at least thinking about spinning off cnn, so i'm kicking myself in the rear end not getting this story. the storyline then was if they did so it would be difficult to dison it from the broader company. as you know now they sold the entire broader company, time warner, not just cnn, hbo, essentially spun it off with a joint venture with discovery. what is interesting about this, it automatically makes a lot of other companies including ours, fox, a lot smaller in comparison. it gives, it gives, david zaslav. people think he is a very good executive. go through the losers and winners. david zaslav is a winner. they have a 60% stake, but they still get $50 billion to pay off debt. zaslav bams the ceo. after jamie dimon became ceo of jpmorgan chase and after they bought bank one. the other winner is jeff zucker. everybody thought he would be looking for a job, or looking for a job, being out of a