calls on now that we have clarity on the ftc losing this case it will put a lot more focus on that cma process and the hearing that is supposed to take place where they are going to try to argue the procedures that the cma followed were faulty, which would have the effect, if they got agreement from the tribunal, of sending it back to the cma. >> it's remarkable, especially when we thought the initial window was gone. the other thing is avenues for appeal on the part of the ftc. still exist? >> they do seems hard to imagine. i haven't read the opinion we rushed on here, obviously, with this news they would not grant the injunction to stop the deal i want to read the opinion, i want to get a lot of people who are even more studied in this than i am to weigh in. i think that's not expected. that's not going to stop microsoft from closing the deal because, of course, they can if they do figure out a way to deal somehow with the uk or, perhaps, again they won't close around the cma so they're going to have to extend the merger agreement which requires a renegotiation with activision, which

the cma rejected those they have to think about the concessions to help the issues allow cloud gamingor rival products and is there more they can do they need that extra time to hash that out. does it involve divesting in the uk or concessions with licensing? these are the questions they will ask in the next six weeks. >> yes or no question. just like the u.s., it has appeal situation does this go to the situation where the judge rules the deal can go ahead >> firstly, they have to hash out and come you up with a compromise if things don't work out, this could go back to a court situation. >> we will follow that story for you as well. as you can see, microsoft on the up there in the pre-market trade picture. we will continue to follow that for you. breaking news coming from the uk when it comes to the cma and that microsoft activision deal >>> coming up on the show, major u.s. banks set to report as earnings season begins in earnest. we look ahead after this when we started selling my health products online our shipping process was painfully slow. then we found shipstation. now we're

cma is out there on its own, since the last one left. leah nylen all things antitrust, working closely with our tech team around the world. let's bring in brian lombardi, head of event driven strategy at fbn securities. you are a merger arbitrage specialist, you have tracked and played of the scenarios for the outcomes of this deal. what is the probability on your mind right now? brian: the probability of closing is north of 95%, we are in the final stages. there were ideas about why the cma changed its mind, i think it is an interesting question. given the significant change in disposition, i do not think there is any question as to whether or not they are going to change it again. i speculate they were told by the government to stop making the country look bad. for whatever reason, they are hand in hand with microsoft and i think we are down to days or weeks. ed: the cma is so interesting in a post-brexit world, standing out alone as a regulator. caroline: there has been reporting that perhaps the cma was lent on it some way, there wer

but now have cma, which but we now have the cma, which is body. it's an is a powerful body.amines particular sectors where it thinks competition may not be happening , retailers are , where maybe retailers are colluding and so consumers don't get a good deal basically. and there have been two really big investigations going on over the last couple of months . i'm going last couple of months. i'm going to tell you about the first one, which is supermarket hits selling fuel. right? so when you go to the supermarket and they've got petrol stations there use to fill there and you use them to fill up, and the results of this one actually out at the end of actually came out at the end of last week and it was barely noticed. last week and it was barely noficed.soi last week and it was barely noticed. so i just alert noticed. so i just want to alert gb viewers listeners to gb news viewers and listeners to it. the cma investigated it. so when the cma investigated supermarkets selling fuel , you supermarkets selling fuel, you can see on the graphic they found that fuel profits when sol

supermarkets need to take immediate action, and the cma i take immediate action, and the cma has been legislation. we have something called the price marking order. that came out in 200a. it is pretty old and doesn't really suit the situation for how supermarkets work these days. that's as you can price things per kilo, per gram, per millilitre, whether by volume or weight, so that itself is not clear. what we need to see is the government stepping in now and making some clarity, producing new legislation or updating current legislation, so that everyone knows which him sheet they are singing from. also, what the cma found, was that the bull who are relying on those small convenience stores in inner cities, they are actually not getting the benefit of competition between supermarkets, and that is something supermarkets can fix almost immediately by introducing the budget ranges and budget lines into those convenience stores. currently very few convenience stores stock budget lines because it is not deemed financially viable. morrisons have said they will be doing this shortly, so the

s cma. the cma appears to be happy to go on its own, post-brexit as a regulator, flexing its muscles. the issue that the u.k. cma had was in the theater of cloud-based gaming. which, is a proportion of the overall videogame industry. when i spoke to the ceo, he took issue to that. to answer your question, it is because the rationale of microsoft eyeing activision was to give them mobile entry into the gaming arena, which activision is in. not the cloud-based gaming that the cma had an issue in the first place. it will be interesting how they appease them. our colleague reported that they are looking at divestments as a compromise. the other thing is to make big names available. they had made an agreement with nintendo. they offer to sony. but sony is not happy about this deal. haidi: where you are, you are attending the annual sun valley conference expecting high-profile guests from media, finance, tech, sports. heavy on the billionaires. what are you looking forward to? ed: it is really int

we caught up with the cma earlier on on bloomberg television.e is what the head of the cma had to tell us about whether or not the u.k. regulatory authorities currently pushing to block the deal are being pushed around by some of the other regulators. >> at the moment, our decision on prohibition stands. we investigated very thoroughly the deal. we found that there were serious concerns in relation to it and the proposals put forward by microsoft at the time did not resolve our competition concerns. so microsoft have indicated that they are considering how they might restructure the deal in a way that resolves our concerns and, as i say, it's up to them to come forward with a proposal that satisfy the -- that satisfies those concerns and they need to satisfy those fully and comprehensively, so a divestment may be one option but it's up to them to come up with a proposal that meets our requirements. the cma is committed to make sure there are no competition concerns related. that is our responsibility and obligation in making sure the markets rem

this is a blow to them and the cma, the narrative that is emerging. it also opens up the energy behind deals in these sectors in sun valley. our colleagues at cnbc are reporting that there was an offer of divestitures to the cma and the u.k.. i remember when we spoke to bobby in april. what he took issue with was that cma and the concept of cloud gaming. it is a small and relatively nascent part of the games industry. it was about getting access to mobile vision. there were still questions to be asked later in the week, we will sit down with someone from activision and ask those questions. jon: we look forward to that. since this is the place where people like to speculate on deals, we have more clarity for now on this chapter, whether it is artificial intelligence, streaming wins and losses over the last year, i would imagine there are fruitful conversations to be had. ed: i would frame it that some value is back to the historic focus. a year ago, there was only one story in town, the elon musk purchase of twitter. the recent story is that elon musk

the cma rejected any of the concessions at the time. they said they would be hard to enforce and they said there's a potential for conflict between microsoft and some of these cloud gaming providers and some of these recessions don't go far enough to allay the cma's concerns the question is if the cma rejected the concerns, what exactly will the company offer even more to get the uk regulators on their side but all in all investors are pretty happy with them coming to the negotiating table. it's effectively the last hurdle before the markets have to clear in order to get this deal over the line and so they're happy that the regulators are talking an hoping for a resolution, frank. >> right knew they're showing the stocks, activision moving half a percent higher. i want to pull on this theread a bit more call of duty could be in contention give us more insight here, what other concessions might we see from microsoft to appease these uk regulators? >> microsoft has already signed a 10-year deal effectively making cal of duty available on

cma fest since i was four years old. i would watch and learn and grow. >> there is so much to watch this year. artists like tim mcgraw, ashley ride and keith urban will perform. ♪ for some high-profile collaborations like vince gill and lou combs. reba mcentire and cody johnson. and king has one duo she cannot wait to hear. >> i am very excited to see melinda and leon sing their song together. ♪ >> proud to be part of the. it means a lot to be hosting the 50th. >> we will see a lot of big stars for the 50th. cma fest begins at 8:00 on abc 7. >> coming up next, sandia is it possible to protect my business from cyber threats? it is, with comcast business. helping every connected device stay protected. yours. your employees'. even... susan? hers, too. safe. secure. and powered by the next generation 10g network. with comcast business, advanced security isn't just possible. it's happening. get started wih fast spees and advanced security for $49.99a month for 12 monts plus ask how to get up to a $750 prepaid card with qualif

that's when the deal expires we're focused on the uk, the cma as we have been for some time.gain, they did not get a stay in the 9th circuit. the u.s. is not an issue at all in terms of closing this deal. where it is is the cma it matters -- it won't matter necessarily to what's going on in the uk. jim is referring to the fact that sony said we'll take the deal you've been offering us for a while. >> some said sony may be the loser. >> right they sign up sony. play station finding treatment keeping call of duty on play station, following the possible merger of activision the cma asked a tribunal to adjourn, they'll hear from the cma, maybe we get some sense as to where they stand in terms of their willingness to allow microsoft to potential ly close this deal, saying we'll divest some things, we won't have them done yet, we'll keep the uk in a separate part from everything else when we sell the assets, then we'll close in the uk or combine everything will that be allowed will it happen key questions. don't have answers for you i'm afraid nobody seems to if it goes beyond midn

let me give you something i've been able to pick up around the cma process. were speaking to steve about this big loss for the ftc in court in san francisco and that will allow microsoft to move ahead with closing the transaction. the cma has remained a key stumbling block issuing its objection to the transaction that dsaid, we got interesting commentary from microsoft and the cma a couple of hours ago, indicating the two sides were in conversations essentially to try to restructure the transaction to that it would meet the objections, and therefore go to close. and what i have learned is that microsoft has offered what i'm told is discrete, small divestiture that will satisfy the cma, or they believe it will we can all speculate about a licensing deal for the cloud and other things that may occur, but a small and discrete divestiture is what i'm hearing, put thing on the path to actually be closed at $95 a share in cash, the price agreed to when this deal was announced in january of 2022 despite what were numerous hurdles put in its way we'll see. that stock

the move comes as the cm -- the cma is giving a second chance to fix concerns as the u.k.ive his reasons for holding the case later. everyone's been waiting for bated breath on this. ed: this is the judge giving a conditional adjournment and it means the cma and microsoft are on the same page with this. they can now go away and work out some compromises. sources tell us that one option might be to offer to sell off the u.k. cloud gaming rights and allow them to move forward. july 18 is the merger agreement deadline which is tomorrow. caroline: does this allow them to get there? ed: there are so many procedural things happening in the fact that the cma allowed them to go to tribunals and work it out in the first place was a surprise so who knows? caroline: activision extending its own share price, we are at a session high. we will keep a close eye on this. ed: from here in san francisco and new york city, this is bloomberg technology. ♪ bridgett is here. she has no clue that i'm here. she has no clue who's in the helmet. are you ready? -i'm ready! alright. xfinity rewards c

what goes on at the eu or even the cma?use there was a lot of back-and-forth that would appear based on a freedom of information request between the ftc and cma involving microsoft and activision. how much does what they do figure into what you think about what you do? >> i was very fortunate to inherit an agency that is seen as a leader globally. during the bush administration, the ftc launched an office of affairs so over a decade the ftc has been entering into cooperation agreements with enforcers around the world where there's been strong support historically from the business community and encouragement from the ftc to be working closely with other enforcers to ensure what some folks call harmonization. that's the state of affairs. the ftc works closely with other enforcers but at the end of the day, we make all of our determinations based on the facts and based upon u.s. law. we always use our independent judgment when making these enforcement decisions. >> why was there a need to talk to the cma about activision and

are you are cma reports.ou go for sometimes it's for an mot, sometimes it's a bloke waves a clipboard around. you're right, son. off you go. other times it's bonnet up. you know, you end up having a full inside section. so we'll have to see what the cma comes up with. but i would say, bev not that ministers control the cma. they don't. independent don't. it's an independent regulatory , but the, regulatory body, but the, the pubuc regulatory body, but the, the public interest in this. now the political pressure , the fact political pressure, the fact that the three of us are talking about it with all everything else that's going on in the world. are here again world. right. we are here again talking about food prices and know we're all pretty well to do i >>i -- >> i know lam w >> i know when i go in my waitrose supermarket i think blimey, yeah. >> didn't to cost that . >> oh didn't used to cost that. >> oh didn't used to cost that. >> you're going for a few bits and pieces and suddenly you spent not even spe

the competition _ decision from the cma? the competition and _ decision from the cma?thority were looking at two things when it comes to supermarket food prices, incredibly important, given the cost of living squeeze. they were looking at whether supermarkets were profiteering, the comments you mentioned from the governor of the bank of england and the chancellor. we know there are lower producer costs out there, are they being passed on quickly enough to shop is in supermarkets profiteering? and there were looking at unit pricing. things clear enough in—store? on the first part, they say they have found no evidence so far that high food prices have been driven by weak competition. essentially, that supermarkets have not been profiteering. they're going to keep looking into this on certain products. on the second part, they say not all retailers are displaying prices as clearly as they should. this could be hampering people was more ability to compare product prices. they're worried by consistency, like the tea bags, often per 100 grams and occasionally per tea bag. of

>> all eyes are on the cma right now. everyone's attention turned away from california to the u.k., the remaining stumbling block for the deal. the cma has just in the last couple of minutes said that they are willing to consider any proposals from microsoft to restructure. the court paused the litigation so that they can focus on households. microsoft saying they still don't agree with the objections but that they are interested in trying to find a way to solve both. caroline: caroline: to the f inspected -- ftc perspective, have they gleaned changes to the ultimate -- deal? is it almost a win on every side? dina: the judge made that point in court at one point saying that microsoft had signed some of these agreements to put call of other platforms, sony working with them already. when you looked through the ruling it was one of the reasons she found the case not persuasive. that microsoft had from the minute it was announced made it clear that they wanted to put it on other platforms. she had seat -- similar arguments a

liz: why couldn't the ftc and maybe even the cma not see that? >> well, i can't give you animals but i can tell you i think the cma has now seen that. they actually took off the table any remedy required for sony. nevertheless microsoft entered into a long term agreement with sony to ensure that our games -- liz: call of duty specifically. >> our games available on the platform and it's not necessary because the nature of gaming requires you to be on as many platforms as possible. if you look at microsoft's history as an enterprise, since their founding their business has been about developing software for every possible platform. and so i don't think those are necessary remedies but nevertheless they have those remedies and i think that when you look at how competitive the landscape has become in gaming, this is a procompetitive transaction. liz: the call of duty and gaming deal, this bidenning deal that microsoft has struck with sony is for ten years once the interest is completed. what happens after ten years? >> there's no reason for us not t

report fuel price issues which have been faced and perhaps price gouging in the fuel industry and the cma report of higher food prices. from the looks at numbers, one p could tell there are changes in place. sainsbury's has made an effort to assure consumers are indeed profiting themselves from lower prices despite a high inflation rate environment in fact, the ceo, simon roberts pointed out that inflation at sainsbury's is moving at half the rate of market inflation if headline market inflation was 8.76% in may, it is 4.5% or less for sainsbury's. the interesting number within all of this has been the grocery sales figure which is up 11% according to ubs that number was anticipated to be 9%. that was on the back of higher prices on back of inflation moving up as it has with profit at 690 million for the remainder of the year. that profit guidance remaining the same in unchanged on that front. clothing has been the one to look at here as it dropped 3.7%. that is because we have seen cooler weather in that 16 weeks to the end of june toward the latter part in june, we saw the weather becom

take a look. ♪ cma fest is the party of the summer. ♪ >> there's nothing like cma.from around the world come to nashville for an all out four day jam. what do you think makes cma fest so special? >> all the songs that you've loved throughout your whole life, so many new artists, then all these crazy surprises. ♪ >> like you literally have no idea. ♪ >> my favorite song of you is "just the way." ♪ i love you just the way god made you girl he don't make mistakes ♪ >> back at the stadium, i spoke with the man behind the magic, executive producer of the fest, robert eton. look at this. >> can you imagine standing here in front of 70,000 people. >> what was it about it that made you think, do you know what? this could work? >> because i felt like we have the greatest artists in the world. i thought if people could see what this is, this is the party that they would like to come to. ♪ >> for us to get to be here on this big stage i think is just beyond whatever i had in mind when i was a kid. >> i think playing here is also special because this shares the same parking lot

court or the you pay cma -- uk cma. get to our reporter who has been tracking the asian market trade for us, how's it looking out there? >> amazing day for asia. the msci asia pacific index is set for its best today since june 2nd. china stocks are really helping that, we can come to that later. the whole yields and declining dollar story is good for asia, especially companies that hold dollar-denominated debt. correlations have started to reassert themselves. they dropped off in the past few weeks between the dollar, bond yields and the msci asia pacific index. with china taking a more assertive role in the nation. now it seems like the macro fed game is back in place today. dani: the cycle high for the yields for the rates is almost in, if not in right now. taking a rate from your busy day on the markets desk, thanks so much. over to corporate news. we're about to enter the bank earnings season. it would appear goldman sachs is embracing a new game plan to avoid a third straight quarter of disappointing earnings. exec

so, thej government, or the cma, have government, orthe cma, have recommended and the government have retailers will be mandated to submit prices in real time, so drivers will be able to use an app of their choice to see where the best deals are at the pumps. and they will also be monitoring the wholesale market to make sure that when prices come down, the retailers move their prices down on the forecourt too. so drivers get a fair deal, as opposed to what has been going on now, and they have been effectively ripped off. we have seen the average price of diesel rise drastically. we have had the margin reach 25p a litre, as opposed to the long—term 7p a litre margin. 0ne long—term 7p a litre margin. one third times a margin. there was a time when we had a 5p fuel duty cut, so that money which the government is given to drivers to help with the loss done a cost of living crisis has naturally been making it to their pockets.— their pockets. there is been happening _ their pockets. there is been happening in _ their pockets. there is been happening in the _ their pockets. there is been ha

daniel, the cma at that supermarket windfall taxes, but daniel, the cma at asdat supermarket windfallhen rmarket windfall taxes, but daniel, the cma at asda when rncame to profits at asda when it came to fuel were up considerably. fuel sales were up considerably. the margin p per litre. the margin was 4.6 p per litre. in 2019, that rose to 10.8 p per litre in 2022. that means motor ists may have overpaid by £900 million. that's the sum that they've done. i don't know how accurate that is. what do you say to that ? say to that? >> well over a pound per litre is taken by the government in tax already . so if you want to tax already. so if you want to effect prices at the pump, you . effect prices at the pump, you. very true. you could start there . i think the real actually the real the people really harmed by this inquiry is the competition and markets authority because it's not their job in a it's not theirjob in a competitor market to go around and tell companies what they can charge when there is competition. and as far as i'm aware, there's reasonable competition in the market for

with the cma. it is possibly a bigger hurdle than the ftc challenge.es, they have delayed litigation, but has not necessarily wrapped up. there is a 3 billion breakup fee that microsoft owes activision if the deal does not close by next tuesday, so it's going to be a close call. president shows us that deals can be closed while ongoing investigations are ongoing. dani: while we are talking about microsoft, worth flagging, microsoft has issued a report saying that a china-based hacker group has breached a series of emails tied to government agencies in western europe. in a release, this is what the executive vice president at microsoft said, we assessed this adversary is focused on espionage, such as gaining access to email systems for intelligence collection. microsoft says they are working with the department of homeland security on this breach. also, in terms of what we are watching today, let me run you through that. first we are going to beginning the boe financial stability report in less than an hour. the financial stability of the u.k. has been

here is the cma ceo. >> at the moment, our decision on prohibition stands. we investigated thoroughly the deal, we found there were serious concerns in relation to cloud gaming. the proposals put forward by microsoft at the time did not resolve our concerns. microsoft indicated they are considering how they might restructure the deal in a way that resolves our concerns. caroline: the regulator found itself increasingly isolated, pretty much the loan watchdog in the way the deal. after eight weeks of drama, they have fresh momentum. the ftc and the u.s. paused its interest -- in-house trial on microsoft leaving room for potential settlement talks. what else did the competition and market authority have to say to the ceo about the deal and how it is progressing in the u.k.? >> thanks for having me. this morning we had them in the london studio to talk us through where they were in the probe. she made clear that the veto will still stand until microsoft offers up officially fresh restructuring and ideas. that is a big one that we need to keep in mind that those

of course, there have been loads of accusations of profiteering, but the cma said this morning, and this food inflation isn't being driven by weak competition between supermarkets. she said the profit margins were down and that their costs hadn't been passed on fully to consumers. but they are going to keep tabs on them to make sure that shoppers would benefit as input costs for in the months ahead.— would benefit as input costs for in the months ahead. thank you, emma sim son, the months ahead. thank you, emma simpson. our— the months ahead. thank you, emma | simpson, our business correspondent. wheat prices have risen sharply on global markets after russia said it would treat ships heading for ukrainian ports as potential military targets. moscow has pulled out of an agreement, which had lasted for 12 months and was brokered by the united nations and turkey. the deal had guaranteed the safe export of grain. let's go live now to our correspondent in kyiv, james waterhouse. this is really a reminder of the global economic impact of this war. absolutely. this isn'tjust about ukraine's stu

so much of the focus continues to be, as it should, on the regulatory process in the uk namely the cmas this morning is that they extend their review of, essentially, the transaction for another six weeks. it doesn't mean that they won't actually issue a decision far prior to that. they, in fact, say they aim to discharge their duty as soon as possible and in advance of the new date, but the undertakingings made and everything else, was supposed to end on july 18th and now it's been extended as you see there to august 29th there is still this question, of course, as to whether or not microsoft is going to be able to move the transaction to earlier in the week. there has been enthusiasm or hope for people close to the situation that that, in fact, might take place based on the new offerings that microsoft has made to the cm nation terms of the divestiture of parts of its cloud licensing business in the uk something i've reported on small, discreet divestitures that conversation continues. i'm told there was a meeting on wednesday with the cma, however no real discussions in person is my

working with the regulators in the uk there is some discussion back and forth between microsoft and the cma they're considering finding some sort of compromise what would you think would be a practical compromise are there certain divestitures or compromises or actions that microsoft could take to get the deal through >> look, there's enormous compe competition, you know, xbox is the third-place competent store in the console business. nintendo and sony have had dominance in the business for almost as long as you've been in the business in the cloud, there's nothing but competition, whether it's tencent or alibaba or google, amazon, apple, netflix or our acal there's so many different competitors. they don't really need to be -- there's nothing we need to be doing that's going to encourage more competition this transaction is an opportunity for you and microsoft together to actually be able to compete against these entrenched examiner -- competitors. >> microsoft's ceo is here as well what is your sense of what microsoft has to do to get this through the uk >> you know, i think these confer

microsoft could move to complete the deal without the cma approval in breach of uk law that could leado a fine of 5% of the combined global revenue by this time tomorrow, we will know which option they have decided. the least disruptive is to extend the timing of the deal. this as warren buffett said it cut its deal in activision to 14.5 million shares putting the total holding of 1.9%. >>> morgan stanley and bank of america are the latest banks to report before the bell today morgan stanley is expected to be hit by a slowdown in deal making with the rising cost of financing and and alysts expectg a rise of succession planning. profits are expected to rise at bank of america with the boost of 15% of net interest income according to data. investors are looking for details of hold to maturity bond portfolio which reported a loss in the first quarter morgan stanley's james gorman will speak to cnbc today at 4:30 p.m. cet and bank of america chairman brian moynihan will be on this afternoon. let's bring in our next guest. great to have you with us. let me start with the results we got out

august the 29th is when the cma will finish its own reorientation about its veto.line, netflix numbers coming later today. for the numbers be about the strikes taking place in california? caroline: it is on wednesday. we are looking towards whether or not this will be positive or negative. netflix -- if they cannot make the content we know and love but they have a big back catalog and lots of unused can't -- content so they can set themselves apart. we are thinking this is a stock that is priced to prospectionist -- perfection. it is the second test performer on the nasdaq 100 in that timeframe. we are are wondering whether that almost 2 million subscriptions being added that the market wants to see the 4% both in revenue, whether they can live to that expectation about wells fargo analysts say by on every -- any weakness. maybe it is time to buy that dip if they sell off a little. guy: looking forward to all of the coverage later on. caroline, looking forward to ed ludlow and caroline hyde coming later. it is going to be fantastic and so much to talk about, a busy

. >> it's likely going to be related to the cloud because cma only focused on the cloud. i've been struggling to figure out since david reported that, what could they possibly divert that they could apiece others. clearly it's going to be small and consequential. uk is the odd man out here, and the last thing the uk would want is for microsoft to sort of pull out of the country or carve out the country. just a bad look. remember when the cma first put out the decision rejecting the deem, what was the messaging >> uk is out of business no country wants that moniker out there. >> no, especially in as tough an economic situation it is already. this would seem as though they're probably more likely than not to play ball. >> exactly it looks like the fact that they paused that litigation and they're open to talking, it seems like there's some movement there. >> cloudgating is not a thing. have you ever used it? it's a horrible experience. >> it's a huge win for them over at microsoft 25 years ago microsoft didn't know how to win in court. >> true. >> now they do. >> mr. smith

has put in play where the cma has moved to block the deal.hat is being appealed insofar as microsoft and activision are only allowed to have the process reviewed, the procedural impropriety rule, that is what is in place. there still are questions. it they extend the deadline? the ftc has said they are disappointed in the outcome given the clear threat the merger poses to competition in cloud gaming and subscription services. the origin of the deal is about mobile gaming. they are the maker of candy crush. this is not an area where microsoft has a big sleaze. this is just one step. it has come earlier than expected. it is interesting is that bobby kotek, ceo of activision coming due to be in sun valley this week, i am do to with him and i believe a number of microsoft executives are due to attend sun valley as well. guy: what is the tone going to be? how does this change the tone at the meeting? what is the ripple effect into other deals that potentially could get done, other areas of consolidation? how titanic it was this deal in particular

>> it depends on the cma authority. that is only for impact in the u.k.. so, that would be very sort of fact specific and market dependent. that would address those concerns, but the cma is out on a limb at this point. the u.s. has not block the deal. it has been approved by regulators around the world, so they are in a very interesting position. is there some sort of last-minute remedy that will assuage their concerns or allow them to approve the deal, i think that is something that is under intense discussion. that is given the current state of play. >> in the current antitrust activision practice, what are you advising clients in this current environment we are in? do you think the deals are harder to get done or not? >> it is a twofold question. the process of getting your deal done, the approval process is likely to be more onerous and take longer you may have to produce more documents or you may have to sort of engage in theories that weren't really strongly supported in the case law or the regulator. you have to talk about then parade you have to ad

. >> cma fest. >> july 19th on abc and stream.day on hulu. >> this was the moment the two siblings here in new york city did a music sight reading challenge. playing music they had never seen before for the first time. >> and if you think that's talent, just wait. they have eight other siblings equally as talented. here's abc's stephanie ramos. the streets of new york city playing music at rockefeller plaza. square. or >> they're renditions of theme songs like the one from the mandalorian filling up your feed . meet the delamotte family. >> ten kids, two parents and a whole house full of musical talent. the delamotte children range in ages from 21 month old moses to 21 year old josiah. >> as soon as they're old enough to hold a string instrument, they start playing. >> just one kid. after the other saw the next kid learn. and there's nothing they want more than to touch that thing. >> mark and amber met at their church in california as their family grew, so did the children's musical ability and their social media fame. >> now the

johnson and reba mcentire, luke combs and vince gill and miranda lambert with avril lavigne, 50 years of cma fest tonight on abc and stream, next day on hulu. >> welcome back there are new details in the nearly 30 year old murder of tupac shakur on monday. a las vegas police swat team searched a home about ten miles from where the rapper was shot to death. residents tell abc news it was a shock to see the officers as of now who shot tupac still remains a mystery. brian horwath from our station in las vegas has more on almost 30 years ago, on september seventh, 1996, tupac shakur attended a mike tyson fight before hitting the town for a night out on the strip. >> but the night turned tragic when a gunman opened fire on the car. shakur was riding in along las vegas boulevard. the car came to a rest near flamingo road and koval lane shakur, who was hit four times, survived but died six days later at umc. the murder case has remained unsolved for nearly three decades. cathy scott wrote a book about the murder and she says she'd love to know what the new evidence is. i've always tried to write ab

excited with luke bryan miranda lambert, keith urban, carly pearce, luke combs, jelly roll and more cmat. >> wednesday on abc and stream. >> next day on hulu, the second time around, i know what to do. >> we are so excited. this morning we are getting our first look at the golden bachelor and unlike the show's usual drama and antics, this one is for the grown ups. >> here's abc's kelly carter. >> a golden age rises for the bachelor franchise the newest bachelor revealed i'm gary i'm 71 years young. >> i'm from indiana and i'm going to be the first golden bachelor because it's never too late to fall in love again. how does that feel? it feels amazing and it's still sinking in. >> you essentially are going to be the representation for what it looks like to date in your 70s. >> i think my thoughts always go to the way i've done things. don't give up. there's always possibilities. gary turner married his high school sweetheart, tony, together for 43 years, having two daughters. >> but then in 2017, just six weeks after she retired, his wife became sick and passed away. >> you know, she got

una cma de trÁfico investigan los motivos que haya tenido y de donde llegaron las armas. >>> no tenÍa heridos 2 bebÉs gemelos de 2 aÑos que iban en el carro con su mamÁ. un adolescente de 13 aÑos recibiÓ disparos. >>> haller un llamado a las autoridades. pongan mÁs mano dura, no sÉ. >>> uno no puede salir. donde quiera hay violencia. las balas no tienen nombre. la violencia armada se extendiÓ por todo el paÍs. 18 tiroteos masivos que dejÓ 18 muertos una sgupd persona fue detenida el lunes y liberada luego de no encontrar caso probable para su detenciÓn. >>> ahora hablo em de un tema que preocupa a la comunidad cientÍfica tiene que ver con la temperatura de nuestro planeta. los dos Últimos dÍas, se batieron rÉcord con los dÍas mÁs calientes que jamÁs se hayan registrado. >>> una noticia nada alentadora y vivimos en un planeta enfermo. alcanzando umbrales nunca vistoso. ayer 4 de julio el planeta vivÓo el dÍa mÁs caliente. la temperatura global promedio en el pasado ocurriÓ en agosto del 2016. los clim to logs aseguran que el nuevo rÉcord se podrÁ supurar en cualquier momento en las prÓ

comprar una casa para lograrlo debe manejar unas 7 horas entre su casa vÍctor ville y su trabajo como cmaurmiendo, vengo cansada quisiera salir del freeway, parar y dormir 10 minutos descansar. >>> disfruto los fines de semana. >>> trabaja en los Ángeles su casa el resto de la semana duerme en su hogar. las otras las pasa en su auto. de lunes a viernes. >>> ir a california city y tuve la oportunidad de agarrar una oportunidad. >>> desafortunadamente casos como este son mÁs comunes entre nuestra comunidad. el precio promedio de una casa en san francisco es de mÁs de un millÓn 200 mil dÓlares. en los Ángeles 800 mil. >>> lo que hay en el mercado inmobilia rÍo. las mujeres son jem plo de una crisis inmobiliaria que afecta a nuestra comunidad. >>> vale la pena por mis hijos. tienen un mejor hogar. no viven en un a a p parto ment estoy cumumpliendo u un sueÑo Á que nadaa y laa vida para mis hijos tambiÉn. >>> en los Ángeles california. francisco cuevas noticias telemundo. vaya sacrificio que hacen estas mujeres. >>> y ahora, terror en las alturas. esto sucediÓ en quito se vivieron momentos de

it's generally still the cheapest but the cma detected a strategic shift to make more money on fuel,isons, also under new owners, decided to make more profits on fuel as well, but instead of undercutting them as wholesale prices fell, rivals including tesco and sainsbury�*s simply did the same thing too. isn't it a bit strange that in a digital age, asda and morrisons insists their fuel margins remain very low and don't include costs, saying any modest rise in fuel profits has been used to keep groceries as low as possible. emma simpson, bbc news. let's take a look at some of the stories in the headlines in the uk.... a court in london has heard claims that the hollywood actor kevin spacey was an aggressive predator, who was uncomfortable with his sexuality. an alleged victim told the jury that he had made it clear mr spacey�*s advances were unwanted, but he persisted, and began to sexually assault him. mr spacey, who denies the charges, was also described as a bit creepy. our correspondent sanchia berg was in court... kevin spacey arriving at court for the second day of his trial, p

. -- cma, cmt? cma. the awards fest. >> steve: carley, thank you very much.ther alert in north carolina where a pfizer plant was left, as you can see right there in rubble, after a tornado went through. we have a live report. >> ainsley: what about all the vaccines? plus, the buck stops here or does it? with cash bail eliminated in chicago, crime now takes center stage. we're going to talk to a local reporter on the mayhem straight ahead. ♪. so you only pay for what you need. that's my boy. now you get out there, and you make us proud, huh? ♪ bye, uncle limu. ♪ stay off the freeways! only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪ somedays, i cover up because of my moderate to severe plaque psoriasis. now i feel free to bare my skin, thanks to skyrizi. ♪(uplifting music)♪ ♪nothing is everything♪ i'm celebrating my clearer skin... my way. with skyrizi, 3 out of 4 people achieved 90% clearer skin at 4 months. in another study, most people had 90% clearer skin, even at 5 years. and skyrizi is just 4 doses a year, after 2 starter doses. seriou

the cmas, the cmts, all have done various efforts in diversity and we are seeing more representationey budge, we're not going to see nominations within the big country music award shows and we're not going to see other indicators of success for those artists. >> what's interesting is that some of the biggest radio stars of this era could not get radio play on country. beyonce's lesson from the "lemonade" album, there was a performance on the cmas, but it was rejected by the grammy country committee, didn't get much play and if any artist of this period has the full phalanx of industry support, it's beyonce. li lil' nazx's old was on the country charts and then removed from the country charts because it wasn't country enough. that ended up 17 weeks number one on billboard hot 100. holly g., i know you have gotten a lot of pushback, a lot of really threats because of your highlight of this. it's actually part of the reason why you are going by holly g. and not your full first and last name. are you surprised by what the response has been to highlight ing this disparity in the genera? >

over the deal david faber said they were investing the cloud gaming business to appease the cma.se tomorrow we are expecting to hear new terms to extend the deadline if the deal cannot get through in the next 24 hours. activision has the incentive to do that. regulators lost momentum and this deal which was once labeled all but dead is now likely to close. >> you think it will close before the cma approves or they will look at othercases where the eu is furious. >> the eu already approved it. >> furious for doing the same thing. >> it sounds like microsoft's posture since day one will work hand-in-hand with regulators and wait for the green light from regulators. >> if there is a deal to cut to extend to august 29th, the new deadline, does that mean shareholders in activision will get a premium? >> i don't know. i heard david faber speculating friday last week saying there may be a dividend thing to offer shareholders they would not be able to renegotiate the whole thing. that has to go back to the board and shareholder vote. >> time is money >> time is money if you are activisio

. >> this is, like, start of cma fest. shania. hometown show. everyone's here. it's chaotic. >> reporter: she'll be taking the stage just before another legend, shania twain. >> she invited me to sing with her a couple of years ago, we became friends. i've gotten to know her as a woman. also happens to be my hero. so that's pretty cool. >> reporter: we catch up with her just moments before she runs out on stage. did you take any tequila shots? >> i did. can you tell? >> reporter: no. >> great. >> reporter: what is your preshow prep? >> one, two, three! >> it's not much. i have a little honey. sometimes tequila. hang out with the fans. not that exciting. it's not like rock star at all. >> reporter: ballerini says she's not a rock star. but fans would say otherwise. >> she's the best. >> she is the new generation's queen of country music. >> is anyone ready to put a hole in the bottle with us tonight, nashville? ♪ ♪ my head has a big hole but i'm gonna jump right in ♪ ♪ leading with my heart first ♪ >> i've wanted to sing this song in nashville si

but that said, we'll have to wait and see, jim, and then we get to the cma last couple of -- last daywe heard from bobby kotick yesterday. i don't know if we have anything from the interview he did with julia boorstin right here. you know, it's still somewhat unclear exactly what's going on in the uk in terms of, as i reported on tuesday, this small and discreet divestiture that microsoft, at least, offered potentially as a way to try to get the deal past the objections of regulators in the uk. that process itself has been so hard to fully understand, at least for those of us who aren't as familiar with it, i think and by the way, the cma hasn't been around that long. so, you know, they're still in front of the appeals, but that has been postponed now it's a tribunal, all of which is to say, jim, you know, there's still this expectation that you may see microsoft potentially try to close the deal very soon, either with the cma on board or with the prospect that it would be soon and therefore can sort of close it anyway, because they don't want to have to renegotiate with bobby koet co

the cma did not like that. they're coming up with a broad, less specific some -- set of authors. could see happen is the they allow the deals to go through. hold activision as a separate entity. course the final boss seems to be that the sum of this is take on story that you flight over the weekend. we will have leaders of qualcomm intel to try to lobby them about chips and restrictions to china. this seems like an area that the u.s. is unlikely to backtrack. what do you think about what to got to head? they will make the best effort to try to could slides of -- control axis of the chinese market. it is a huge leg of growth. they have been blocked from not only solo -- selling the bleeding edge but also the equipment to make such tips. there had been some -- there are some that have really been fighting white strongly. it seems like that effort has failed. it feels like a last-ditch attempt. >> the gentleman from wisconsin says ceos continue to advocate for weaker export controls on sensitive technology. what say you? i can imagine innate much space and progress in this sort of e

so someone needs to be monitoring, the cma or whoever needs to be monitoring the wholesale price of fuelrelation to what's being charged at the pumps. and if that gap is found to be too great and not reflective of what's actually happening on the wholesale market, then action must be taken. simon williams. the met office has confirmed the uk has seen its hottestjune on record. the average monthly temperature of 15.8 degrees celsius exceeded the previous highest average june temperatures, recorded in 1940 and 1976, by 0.9 degrees. scientists said climate change made the chance of surpassing the previous joint record at least twice as likely. earlier, i spoke to dr frederike otto from the grantham institute for climate change and the environment at imperial college london and she gave me her reaction. it's not a surprise to have this confirmed. we had weather conditions this year that led to very high temperatures throughout the month, especially also in the oceans surrounding us. and of course, we have increased warming because of our continued burning of fossil fuels, so this is not a su

it's generally still the cheapest but the cma detected a strategic shift to make more money on fuel,s ago. morrisons, also under new owners, decided to make more profits on fuel as well, but instead of undercutting them as wholesale prices fell, rivals including tesco and sainsbury�*s simply did the same thing too. isn't it a bit strange that in a digital age, motorists don't know daily fuel prices? it's a really interesting point because in many, many markets that information is already available at the touch of a button. so, at the moment, the only way they publish their information is at the pump, so we think it's necessary, therefore, to compel retailers to provide that information. the government agrees, and to new powers to monitor this crucial sector more closely. asda and morrisons insists their fuel margins remain very low and don't include costs, saying any modest rise in fuel profits has been used to keep groceries as low as possible. emma simpson, bbc news. our political editor chris mason is at westminster. when we talk about potential government action or response what

generally it is still the cheapest but the cma detected a strategic shift to make more money on fuel. compared with five years ago. morrison is also under new owners decided to make more profits on fuel as well. but instead of undercutting them as wholesale prices fell, rivals including tesco and sainsbury�*s simply did the same thing. is it not strange that in a digital age motorists do not know daily fuel prices? it motorists do not know daily fuel rices? , ., motorists do not know daily fuel rices? , . , h, prices? it is an interesting point because in _ prices? it is an interesting point because in many _ prices? it is an interesting point because in many markets - prices? it is an interesting point because in many markets that l because in many markets that information is already available at the touch of a button. at the moment the touch of a button. at the moment the only way to publish that information is at the pump so we think it is necessary to compel retailers to provide the information.— retailers to provide the information. ., ., , information. the government agrees at n

and we talked cma has found. and we talked ereer— cma has found.p to how much this costing us all? much this is costing us all? weff— much this is costing us all? weff trek.— much this is costing us all? well mark, you— much this is costing us all? well mark, you said it. “r:3«r well mark, you said it. they've weker— well mark, you said it. they've weker ep— well mark, you said it. they've weker up ef— well mark, you said it. they've woken up at last. i mean, i've been banging on this thing since 2010, as you know , and we 2010, as you know, and we managed fuel managed to get a fuel duty freeze time. and even freeze in that time. and even the cut two separate the £0.06 cut in two separate occasions. but the diesel gate issue is massive. what we're seeing here is actually wholesale prices of diesel have been 5 to £0.06 lower than petrol for the last six months and yet we're still seeing diesel more expensive at the pumps. that is true. opportunist profiteering. and what we're also seeing is we're one of three countries , that of three three countrie

studying the links between money, power and sport for more than 25 years and is currently part of the cmas. professor simon chadwick, a real pleasure having you on the show. and simon, let'sjust start with this. why is saudi arabia spending so many billions of dollars on sport? when you look at it, let's be frank, not a country with a reputation for a deep sporting heritage. so, two responses to that. i think the first is around the sport itself. there is a lot of engagement. there's established engagement with sports like football. but the sporting heritage of saudi arabia as well is bound up in camel racing and falconry, also in equine sports as well. so there is a sporting culture there. we're not making a giant leap into the unknown as far as what saudi arabia is doing, there are lots of reasons for it. there's an economic component. this is an economy hugely dependent upon oil and gas revenues in a world that is kicking back against fossil fuels. it needs to diversify very, very quickly, especially in terms of ensuring the resilience of its economy. at the same time, unemployment is