so i'm going to turn to david david bob is president of the bill of rights institute. and why don't you tell us a little bit about what the institute is doing and and your thoughts on history and civic engagement. well, thank you for the opportunity to join you at the presidential site summit. i'm grateful for for the work that you all do and look forward to talking about ways. that civics can be even a greater part of the outreach work that you do in your communities across this country. if history teaches us about the past. i think civics is a way to chart our future. one of the big challenges that we have in reaching young people. is that when they're thinking about history or they're thinking about civics. what often comes to mind is? simply hashtag boring. they don't see it as something that they should care about. so the question of why matters most and i think we have to become better as a people. supporting a clear well-defined answer to why study history why these civically engaged? you know fast forward for a moment five years in time. think of what we are as

i mentioned bruce springsteen but you have justin bieber, the estate of david bowie, bob dylan for $200this is all because of music streaming and it's very lucrative right now to sell your catalog and to have that guaranteed amount of money because who knows where the music industry is going to go in the future. >> record sales not where they used to be. chloe melas, thanks so much. boris. >>> still to come this afternoon, we have a deal, but can it pass? we're following the latest on the race to get lawmakers behind it. stay with "cnn news central." with flexible multi-cloud servrvices that enable digital innovation and enterprise control, vmware helps you keep your cloud options open. i brought in ensure max protein with 30g of protein. those who tried me felt more energy in just two weeks. uh... here i'll take that. -everyone: woo hoo! ensure max protein with 30 grams of protein, one gram of sugar. enter the nourishing moments giveaway for a chance to win $10,000. i have moderate to severe crohn's disease. now, there's skyrizi. ♪ things are looking up ♪ ♪ i've got symptom relief ♪ ♪

bob dylan. neil young, stevie nicks and david bowie. so then who's buying these catalogs? and what are they doing with them? 2006 cobain deal was huge. it was still is the founder and ceo of primary wave. the publishing and management company owns a percentage of air supply and whitney houston's catalogs as well as stevie nicks, prince bob marley, james brown def leppard and kurt cobain, just to name a few primary wave rarely ever buys 100% of an artist catalog, and that's because larry wants to create and build partnerships. we do not create. we do not market without an artist. approval could see some of the things we've done for whitney for bob marley. i was cooper the walls of primary wave proudly list the companies, artists and the projects they have collaborated on. when larry is talking about these relationships he creates with the artists. these partnerships sometimes it's to build on the reputation build on the brand. for instance, whitney houston, a line of mac cosmetics, her own perfume, air supply has also embraced the partnership, including this triple a ad. um

i'm bob white. >> i'm david masters. >> and this is "radioactive talk" on the talk radio network. our guests on this particular program are "rick" and "yvn." and they've devoted their lives, along with a number of other people on the planet, to waking the rest of us up to some very important truths, as they see it. and one of the important truths is the end of civilization as we know it. is that correct? >> get right up on the mic. >> we feel very strongly that this is the end times that was prophesied by in the bible. >> and isn't that, in fact, one of the messages that you bring? >> and this is part of our message, yes. >> let me ask you this. how do you know you're not hypnotized or deceived or brainwashed? >> well, do i look hypnotized? do i look brainwashed? >> yeah. >> all right. >> but then again, so do i. >> no, i think you do. you have a particular look on your face of a person who is in a hypnotic trance. >> well, when you mentioned being brainwashed, i think we've thought about that term, you know, over some time, and we feel that in a lot of ways, we hope we are. >> ti

but because this was this on the sense of ins and bob we have really staying david.

their contracts that expire in 2025 they're paying about $2.7 billion a year both disney's bob iger and davide showing their interest in sports rights and likely to make a move if they're not tied up already amazon is already partnered with the nba streaming some games in brazil while apple brought up the streaming rights to not just baseball but also soccer now with growing concern about cord cutting, there is increasing attention to the value of live sports to drive viewers. ratings for the playoffs are at the highest they've been in years. sources tell me the league would like to split its rights between at least two companies, and while streaming is expected to be front and center in negotiations, still reported want broadcast stations to reach the biggest audience possible. sara carl >> the playoff ratings have been good, haven't they, julia? >> the playoff ratings have been good we're trying to aggregate them but the highest in 11 years, up 9% from last year. that's for some of the channels. we're trying to get all the final numbers. an increase in the playoffs and notable the ratings w

david, back to you. >> bob, germ nip has a $1.3 trillion that's it?> 2% of the global market capitalization it's shocking how small these companies have become. >> incredible stuff. >> the important thing is $2.6 trillion equal to the market capitalization of the uk. >> it's incredible that germany number surprised me >> $2.6 trillion for apple that'sgo. >> you pay market cap. >> i'm going to look that up. >> thank you before we head to break a look at the bond market treasuries are faring. we started talking about the debt ceiling, the meetings today, between the president and speaker. take a look at yields. the 2-year note above 4, 10-year at 3.505 we'll be right back. this is ge vernova, helping generate and move the energy that our world needs. ♪ welcome to a new era of energy. it's hard to run a business on your own. make it easier on yourself. with shopify, you can have everything you need to streamline your shipping, returns, and product storage, so you can focus on growing your business. because when we work together, the future is bright. it

. >> yeah, bob, it's david i want to make it clear, though, and i know you know this it's not as thoughntage of overall retail sales. it was still a significant problem two years, three years ago, five years ago, even back to the days you were running home depot, wasn't it? >> yes i'm not trying to say we were pristine and we didn't have a shrink problem it was nothing of the magnitude, nothing of the magnitude that we're seeing today i mean, there was some, you know, self-policing. there was some rule of law out there. you know, people didn't walk in and walk out with paint sprayers and hand tools it just wasn't accepted. you know, it wasn't part of the culture. today it's a dash and grab and people can walk in and take whatever they want, and they know they're not going to be confronted so it has gotten significantly worse, and significantly added cost to running retail operations and now we saw where old navy flagship was closed in san francisco, walgreens, starbucks, a number of stores folding their tent, going away because they can't control theft in those operations. >> isn't the

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coming up, what's it like to photograph some of the world's most famous figures, including david bowie? bobr of people made the crossing in small boats last ya..— crossing in small boats last yea. and— crossing in small boats last year, and more— crossing in small boats last year, and more than 6000 have teen— year, and more than 6000 have been intercepted.— year, and more than 6000 have been intercepted. so far this year— been intercepted. so far this year .— been intercepted. so far this year . meanwhile labour says it year. meanwhile labour says it weaid— year. meanwhile labour says it weaid inpese— year. meanwhile labour says it would impose time limits on tiring— would impose time limits on hiring overseas— would impose time limits on hiring overseas workers in a bid to hiring overseas workers in a bid te tert— hiring overseas workers in a bid to kerb migration.— hiring overseas workers in a bid to kerb migration. the shadow nene— to kerb migration. the shadow home secretary,— to kerb migration. the shadow home secretary, yvette cooper , home secretary, yvette cooper, tas— home secreta

. >> matt, it's a longer conversation come on back i want to talk about when bob said -- he said to davidu business i was actually wondering whether he was trying to talk down the value of the hulu business. >> that was negotiating on air it was hilarious in part because there's going to be this valuation issue that's going to come to the fore probably later this fall thanks >>> still to come this morning, don't miss our interview with atlanta fed president rafael bostic that's next. >>> plus, in the next hour we'll be hearing from chicago fed president austan goolsbee. it's the first time we're talking to him since he's come to that position and billionaire investor paul tudor jones. a lot more to come this morning. stay tuned, you're watching "squawk box," and this is cnbc can they help us improve our digital experience? absolutely. they've invested over $2 billion in tech. that could really help us manage inventory. and save us a ton of dough. then let's take back our market share. checkmate, chess heads. girls, i said “bedtime”! >>> all the fed heads or some of the fed heads are meeti

one was bob, a very accomplished businessman and oversaw a lot of large businesses that the family owned, and your father was the youngest. he helped run and build hyatt hotels. penny: mm-hmm. david: can you describe what happened? your father died tragically when he was 39 and you were just 13. what is it like, you are a wealthy family and presumably have a lot of advantages, and then your father dies? you are 13 and you have two younger brothers. what was that like? how did your father die so suddenly? penny: my dad died of a massive heart attack, playing tennis. it was a massive blow to our family. imagine the first 13 years of my life, i lived in a family that was building a business. my mom and dad were very involved. my mother was as active in the business as my father, even though she was not paid. and my father dies, and all of that goes away. our dinner table conversations had been about business. our travel had been about building the company. it had really been a huge part of our life. more importantly, though, my father was this warm, fun, funny individual. just, you know, i was so close to him. and, you know, i have enormous empathy for children who lose their parent

david said. that's just not emphasized enough, which is that linear -- bob iger did talk about how one of the reasonshey did direct to consumer was the problems with espn. >> this encapsulates the bigger issue that bob iger and i have now been talking about for many years, which is, can direct to consumer, as a generator of profitability, ever replace the linear networks business >> i think it could. >> well, you're alone now in that no, iger's with you, maybe there's about ten of you >> how about christine mccarthy? >> yeah, she might think so. bakish there's not many but i don't know i think the business we've been a part of is probably one of the most profitable, greatest margin businesses, and i'm not sure it's ever going to be replaced with what direct to consumer is with its churn characteristics >> when you mawatch mickey, you suspend reality. mice don't talk. >> that's what you have to do? >> isn't the notion that you start to combine some of these silos together make that churn more difficult in the old days, it was a pain to call your cable company and cancel >> the disney ad tier was very

david want in there in. >> yeah. i'm -- i'm moving on to banks. thank you, bob is taking over first republic it's the second largest banking collapse on record, third bank failure since march. our next guests were both on that call with jpmorgan earlier this morning joining us rbc's gerard cassidy and ubs erica najarian gerard has a buy rating, erica a 157 price target and says it's a buy. good morning erica, i'll start with you, good deal for jpmorgan and are we at the end of this unstable period for the nation's regional banks? >> great deal for jpmorgan and we are at the end of the acute liquidity crisis issues for regional banks you know, that being said, i think that what we're seeing in the marketplace today is not necessarily concerns about contagion, but concerns over going back to the cyclical challenge that are facing banks, higher interest rates and the impact to funding costs, the prospects of recession, and especially for the larger regional banks the prospects of tighter regulation. >> why is it a great deal as you just said for jpmorgan >> so for

. >> after bob lee's death in san francisco, many commentators speculated on social media that the killer was someone homeless and mentally ill. davidity. >> reporter: the man arrested in the crime turned out to be a tech consultant who knew the victim according to police, and just like the mistaken assumptions in that case, san francisco's dangerous reputation does not square with the data. >> san francisco has challenges with crime, with public safety, and we're doing everything we can to deal with it, but just because people are seeing it in a more heightened way because of social media, videos and sadly, sometimes people jumping to conclusions, it's unfortunately made san francisco a bit of a target. >> violent crime in san francisco is at historic lows, and its murder rate is far below most other cities its size. the pandemic brought a wave of property crime. the bike connection saw its windows smashed repeatedly. have you had much in the way of property damage since then is this. >> just vandalism things, but we haven't had major attempts to have our bikes stolen. no big break-ins. >> reporter: what about drug activity on the

david, back to you. >> thank you. >>> we're just over an hour into trading. check in with bobention so far. >> what caught my attention, it's two to one advancing to declining stocks at the new york stock exchange and the s&p is down we have a problem. the foot soldiers are not helping us it's big caps. take a look at the sector. nice to see banks bouncing back two days in a row and energy bouncing back a little, oil was 68 a few days ago. 73 now that's a big help. banks are flatish but materials a little bit more risk on here tech, though, has all been big cap dominated. a great move up, but it's all the biggest names. the foot soldiers, smaller tech are doing terribly how strong the day has been, this quarter has been for big tech names you think apple, microsoft, alphabet, amazon, all up look at these moves for the quarter. you think the s&p must be up 2, 3, 4%. it's not really. berkshire has been strong and nvidia and meta. these are the biggest names in the s&p 500. all pushed forward you would think we have a great quarter going, but we don't. the s&p is only up 0.5% eve

david. >> thank you. >>> just over an hour into trading day. there is a lot going on today, bob. what you got?y, a big ipo. it is like the old days. we've got people down here on the floor and you don't know can view, but you know the products. this is what they sell. band-aids, zyrtec, aveeno, neosporin, benadryl and tylenol. they are passing out tylenol. we need this for the condition right now. the important thing is 172 million shares are sold and we have $22 and 3.8 billion. this is the big ipo since 2021. everybody is excited about it. do you hear this guy screaming? he runs the whole business down here. what can you tell us? >> we are at 25 .4 and 24.5. dealing with brokers and robust opening. >> this in indicative price and this is not the price. you are building a book and i want to explain what's going on here. you are working with goldman and jp morgan, the two lead underwriters and there are other ones, but there is the two leads. what does the building book process look like? >> it is about transparency of what we are seeing and making sure that everybody knows where there is dema

like bob said, he hasn't seen this many false breakouts his entire career, what's happened over the course of the past six months. we're are in an earnings recession, full stop it's not over yet. >> david, i always enjoy your research, but yesterday's was one of my favorites because you called me out for saying that surprisingly we're not in a recession after all the tightening i don't i think i'm alone in saying something like that or expecting something like that. you've been bearish for a while. i would argue you probably did not expect it to take this long. we pulled a quote. basically you're saying it takes a lot longer to see a recession and i should not be saying, surprise, we're not after a recession after 500 basis points of tightening. >> it's almost every debate i'm in, where's the recession, where's the recession, and i guess i've turned into an old curmudgeon doing this for so long in 1989, where's the recession and then in 2000, where's the recession? in 2007 when i was at merrill, every day, where is the recession? the only point i was trying to make, yeah, the fed started raising rates in march of 2022 but you don't get the recession the next one, two or three months th

david davis police right away live from the uc davis campus. lena howland, abc seven news. okay. thank you, lena. >> meanwhile, we are learning more about the death of cash app founder bob lee. >> the san francisco medical examiner's office releasing his autopsy report. it shows lee died from multiple stab wounds. >> one that pierced his heart. >> the report shows doctors at san francisco general hospital worked for hours to save lee before he died in the operating room, a security guard arrested for shooting and killing 24 year old banco brown at a walgreens is now out of jail. >> the san francisco district attorney's office will not be pursuing a murder charge right now as abc7 news anchor liz kreutz reports, it's a decision that has sparked a larger conversation about security in the city. >> the decision came late monday night. >> san francisco district attorney brooke jenkins announced her office is dropping murder charges against 33 year old michael earl wayne anthony, the private security guard who fatally shot 24 year old banco brown at a walgreens last week. jenkins says after reviewing video of the incident and witness statements, she does not believe there is

david cameron. farage ipsis maude lord maude, as he is now, and bob kerslake, lord kerslake francis maude, former toryinister this— was to the demise of a prime minister this investigation. she efer-f— minister this investigation. she efer-f whe— minister this investigation. she didn't bring down boris johnson : hef— didn't bring down boris johnson : hwf ehe— didn't bring down boris johnson : hwf ehe hee— didn't bring down boris johnson , but she had brought himself eewh. — , but she had brought himself few we— , but she had brought himself few we .— , but she had brought himself down. no , but— , but she had brought himself down. no , but how- , but she had brought himself down. \rrt:r it?" , but she had brought himself down. \rrt:r cr?" , but she had brought himself down. \rrt:r t s down. no, but how can we know that that was an impartial investigation? if , that that was an impartial investigation? if, as boris rehheeh— investigation? if, as boris johnson and— 37 if, as boris johnson and everybody around him are,— johnson and everybody around him eefe: ehe-e— johnson and everybody around him eefe:

may remember when david letterman called it a call in a career on cbs, he opened with a clip of gerald ford saying, our long national nightmare is over. that's the line with which bob hartman will forever be. associate hated. but it turns out in an interview that i found another speechwriter by the name of milton friedman, not the economist, another milton friedman said bob hoffman didn't write that line. i did know. who knows? well, there's so much we could talk because we've taken president ford right up to the presidency. but want to leave time for questions. so i just wanted to ask you, this book is dedicated to someone a lot of us may have forgotten about if we'd known the name in the first place. but you did escape to oliver sipple. yeah, it's the of the surprises. i've already been had people come up to me and say, who's oliver sipple? and. and then some people, you know, it's thought of the the jeopardy daily double. they they know on september 22nd, 1975, gerald ford was san francisco. there are a lot of people, his white house staff who didn't want to go for very good reason because two weeks earlier he'd been in sacramento and the target of an assassinat

david -- >> she didn't say we are she said, we would be. >> would be a deadbeat nation. but when we compare our stock market to -- compare apple to the size of other stock markets. >> yes, bobid that yesterday, and i still continue to be surprised by the minuscule overall market capitalization of the german stock market. i can't imagine that it's that small. all their stocks trade at like six times earnings it's crazy >> what are their big component? deutsche >> siemens bayer. they got a lot of huge companies there. how could it be possible that it's half the size of apple's market cap >> it's just wrong >> i did question it, yes. but even if it's off by some, it's not off by that much. >> maybe apple is that big >> i don't know. i mean, you could buy the entire market capitalization of germany for half apple >> maybe "ted lasso" is equal to bayer. did you watch shrink >> shrinkage >> "shrinking. >> that could be mercedes. they're buying out -- >> he liked it after four episodes, i didn't like it. >> 4.1% rate that apple's offering, how does that compare to what you get in germany >> i don't know, jim >> i rest my case. >> we know marx icus matched it >> good, i like marcus

and of course, david, a lot of talk about how much of people talk about how much pay of people talk about how much pay lynch is on. he's pay mick lynch is on. he's hardly short of a bob medical emergency is we also use the wehtete— emergency is we also use the wehtete ta— emergency is we also use the vehicle to rescue— emergency is we also use the vehicle to rescue animals from ehwrahrhehst— vehicle to rescue animals from environments where they've been swtterhg— environments where they've been swtterhp trarh — environments where they've been suffering from abuse or neglect . sa— suffering from abuse or neglect . sa we— suffering from abuse or neglect . sa we atten— suffering from abuse or neglect . so we often are— suffering from abuse or neglect . so we often are called out to tats— . so we often are called out to rescue lots of— . so we often are called out to rescue lots of animals, all at ttrhe. — rescue lots of animals, all at the. se— rescue lots of animals, all at one time. so we— rescue lots of animals, all at one time. i i“ iti; one time. so we need a vehicle that we can carry on doing that work. denise, that we can carry on doing that work . denise, thank