dooley, i'm gonna start with you. why don't you tell me a little bit about the course of your relationship and why you're calling it quits totally today.

. -- dooley. mario bailey says he's willing to give tom dooley a chance.,ot 50 new it's not costing my clients any incremental money because he's got a contract in place. he's got a parachute and he has until the end of the fiscal year. why would anybody in their right mind want to change the ceo, cfo, and coo all at once when you don't have to? scarlet: if you read between the lines, he has until september 30 and the end of the fiscal year. but what timeframe does he really have to get something done? that hed said earlier wanted to leave six or eight months ago and that was a good time to roll something out of the hat. the funny thing he said -- that was an awful movie from paramount,. it,organ freeman stars in ben hur. that's a good metaphor for what is wrong at viacom right now and what needs to be done. to what extent was the unhappy with how my was being managed, even before this change with sumner redstone? betty: remember that for so long it was redstone and gabelli together. this was a man we thought would be making some final decisions for sumner

the life of bill dooley is being celebrated tonight. he passed away from natural causes at the age of 82. dooley is unc's longest tenured football coach --or seasons and setting a school record for career wins. he led the tar heels to three a-c-c titles. the annual pig skin preview is named in his honor. join us tomorrow morning on abc-11 for the latest for the latest eyewitness news. we'll see you again tomorrow night for "eyewitness news at ten" -- here on creamy swirls of pure indulgence. silky sifts of total transcendence. tempting accents of sheer pleasure. introducing "unicorn whispers." this should be the name. or something more like "golden gold." or maybe, "mmmmmm mmhmm." >> today on "tmz" -- harvey: well, justin timberlake seemed to say that this would never happen, but nsync reunited for one song. ? happy birthday to you ? >> everyone got together at the nice guy for j.c.'s 40th >> that means j.c.'s the favorite because justin doesn't go to anyone's stuff. >> no one o goes tchris' dude. >> chris dven go toesn't eo chris'. >>

. >> call to order and roll call commissioner vice president adams commissioner dooley commissioner president dwight commissioner ortiz-cartagena commissioner tour-sarkissian commissioner yee-riley commissioner zouzounis is absent today, mr. president, you have quorum. >> all right. item 2. >> item two discussion and possible action on this board of supervisors file planning code medical service sacramento street neighborhood commercial integrity ordinance for the planning code to probably a change of use from a professional use to a medical use on the first floor on the sacramento commercial district affirming the declaration in the california environmental quality act and making findings of consistency with the general plan and the 8 policies of the planning code section and finding of the public convenience and welfare under the section discussion and possible action item are presenters are liv legislative aide at the office of supervisor mark farrell thank you. >> one moment let me turn on your microphone. >> okay. go ahead. >> good afternoon commissioner president dwight and members of t

guess what, itas potential golden parachute, the guy who got it, tom dooley, as we told you -- >> right maybe that led them. he is capable. widely respected at wall street. been at the company since 1980. >> right. liz: if he had not gotten ceo job, it was in his contract way back in march, that he would get a $60 million payout. >> that was the whole thing. now you're bringing back memory, we said there is good chance he would stay, that they would have to pay two, correct. liz: shareholders would be in uproar. >> we should point out, if you're shareholder, you want to buy the stock, b shares, redstone's own controlling shares, a-shares, you want to buy biab, which is the stock symbol, this company, no matter who is running it facing massive structural issues. liz: selling paramount movie unit. >> more than that. cutting the cord, cord cutting is essentially when people drop the cable subscriptions and get their internet other ways or don't have two cable subscriptions. they don't go for cable. and it is having impact, it is much the same way how internet had impact on print. it took o

. >>> still waiting for funeral arrangements for bill dooley. dooley coached the tar heels for 11 science and is the only unc coach to ever lead the program to multiple conference championships. he is credited for raising the >> and one of our photographers played for him. >> that's right. i forgot about that. >>> we are now in day 5 of the olympics, and it will be a big one for team usa. >> we'll look at the day's events and what it's like to live in olympic village. the mobile app connecting athletes in a whole new way. >> and a flash flood watch in effect for phoenix. >>> the opens continue today with a number of exciting events. swimming superstar katie ledecky will be competing back in the 4 by 200-meter freestyle. and michael phelps who won gold last night in the butterfly and 200 relay will try and advance in the men's in the past three olympics, and there will be coverage of early round beach volleyball as kerry walsh jen accident and april ross battle the swiss in the sand. the u.s. is leading with 26 medals, 9 gold and 8 civil and 9 br

deciding how to reboot paramount will be one of the first big tasks awaiting interim ceo, tom dooley. betty liu is here with mario second-largest's voting shareholder. betty: mario: good to see you. it is been hurts given that anemic box office. only under cells why something needs to be done. on the night the news had come out and that they settled and he was going to step down, you tweeted out make viacom great again. what does that mean? mario: you have a company that when sumner ticket over in a proxy fight, he had a set of dynamics with mtv, nickelodeon and so on. boughtey brought -- they paramount in the early 90's. how do we get back to that engine of growth? as a baseline, you have a company with 400 million shares. of that amount, 50 million is -- our clients own half of that. take a at and say if you $40 stock and multiply it by the do?er of shares, what do we how do we get paramount to earn what their comparables look like? likeve to look at things cbs. let's assume i want to prime the pump and then do a lot of things. add aard is going to board of directors and they will c

the conciliatory tom dooley.ooley, the chief operating officer of five, and the right-hand man of philip da uman will remain as interim ceo through september. he will remain nonexecutive chairman of five, through september, giving him a chance, interestingly, i think to convince the reconfigured board of viacom, try to convince them about this idea that he has to sell a large minority stake in paramount pictures, the film studio subsidiary of viacom. that was one of the things that set off sumner being so angry at philip, among other things, the share price falling nearly 50% among them. for some reason, as part of the settlement, he gets a shot at the new viacom board, the newly configured viacom board of this idea. i suspect it will not work in that will be the end of philippe once and for all. tom will probably not last long, in my guess, as the new interim ao of viacom while they find permanent replacement. or it may, in fact, lead to an m&a situation because there's a vacancy at the top of that business, a v

dooley was not supportive of that. he said later on that history was proven i was right. >> to talk about the divide in the republican party over international issues. do they come back together in temper the 1948 campaign? taft and dewey winds come back together? >> it was very shrewd on his part to see that as the achilles heel. to try to almost eliminate dewey and suggest if you vote for this man that we are right to get is the midwest conservative republican party. to be fact,dewey did very little. him and taft despise each other. their rivalry is one of the great intellectual contests in american history. it is about something. it is not just about personal ambition. it is about a different view of the world, different view of government at home, a different view of what the republican party stands for, a different view of what abraham lincoln's legacy is. >> tonight we are coming to you live from the roosevelt hotel here in new york city to talk about thomas dewey. this is our 14th week series. our first phone ca

. >> okay item anniversary smadz commissioner dooley commissioner ortiz-cartagena commissioner tour-sarkissian commissioner yee-riley commissioner zouzounis absent mr. president, we have quorum. >> great before we do item 2 i'd like to propose for the benefit ever everybody that is here we swap or we move item 5 to swap in front of item 3 so we can hear what everybody has to say and get along with the day all right. commissions we'll hear first item 2 and item 5 and then three and four. >> item number 2 general public comment members of the public may address the commission of interest to the public that are within the subject matter jurisdiction of the commission except agenda items. with respect to agenda items, discretion item. >> do we have any members of the public that would like to speak during general public comment seeing none, public comment is closed. item 5 please. >> item 5 applications for replacement on the legacy business and adaptation for the legacy business for the businesses listed neighborhood health center and moby dick and the cafe and the roxie theatre and the studio an

((dixie dooley: it's kinda bittersweet ya know? vegas moves forward all and different things are happening. and so it's bound to happen, but it's a sad thing to see all the memories go. )) ((dave courvoisier)) >> the l-v-c-v-a hopes to expand the convention center to one day reach from paradise road... all the way to the las vegas strip./// ((dave courvoisier)) adlib about the next possible implosion ((christianne klein)) next possible implosion ((christianne klein)) //// today .. they discussed policy changes that could make rooftop solar energy affordable for new customers. advocates in nevada hoped to take their cause to voters after a rate hike this year. they gathered more than double the number of signatures needed.. to put a referendum on the november ballot. but the nevada supreme court declared it was unfit. the fight continues as advocates are now trying to sway state lawmakers on the issue. ((christianne klein)) >>> up next.. we check back in on our top story. ((dave courvoisier)) >> the wildfire near cajon pass. thousan

dooley is a longtime viacom employee but had a provision in his contract said that if he wasn't givenhe ceo job, he'd be graced with a $63 million consolation prize, and at a time when the stock isn't doing so well, they didn't want to go to shareholders and say. that the redstone family including shari fighting to prevent the overhaul of a large stake of paramount pictures. the family believes the movie studio is a crucial component for the company's operations but it's been a tough year for paramount. analysts expect the movie studio will see a loss of 300 million in 2016 as movies like "star trek beyond" fail to perform. warner bros.s and twenty-first century fox doing better on that front. shares of viacom jumping on the news, up 1.75%. for all of you who thought buy viacom when it's lower, it's getting close to happening. viacom at $48.53. to the markets, the dow jones industrials just straddling the fed line, slightly higher by under one point. why? the fed minutes released about an hour ago indicate it seems like a rate hike is on the table for 2016. with hawkish commentary, ar

replacing him is viacom coo thomas dooley.ement would call on dauman to stay on as non-executive chairman and board member until september 13th. that gives him time to present his board proposal to sell a 49% stake of paramount. the deal will end legal battles in multiple states over whether redstone has the mental capacity to make decisions. we've got much more on this story later in the hour and talk to pulitzer-prize winning "new york times" columnist jim stewart who has been following the saga. wilfred, the stock is up about 2% potentially some relief that uncertainty is over. >> that stock is, but the rest of the markets are seeing a bit of red to end the week. we were fractionally higher at the close yesterday for the week as a whole, albeit with sector differentiation, telcos suffering down 3%, energy up 3%. but as you can see we are now into negative territory for the week as a whole, around half a perce percent. the nasdaq continues to outperform, down only 0.3%. let's discuss markets a little more. the chief economis

jack, does tom dooley the get for the long term? >> no. ashley: he will have to be approved by a board now 16 members. no? >> i don't think there is any change coming investors are looking for. if there were the stock would move higher. this company trades 11 times free cash flow. free cash half of what it was two years ago. a turnaround waiting to happen. the problem they skew very young and tv's pull is weakest with the young right now. doing fine with people my age. the young are doing different things. ashley: jack, just to follow up what about viacom and cbs join together and let whole thing run by les moonves? he is a good leader. >> i suppose. certainly buy it on the cheap right now. things they have been talking about in the past smack of engineering. spinning off movies, you need hits. you need to make money with the movie you studio. fine to have studio paired with tv business. you have to come up with movies people want to watch. maybe cbs can do better job running it. ashley: same question to you, steve? what about combining tw

woken up at night and it's not something the next door neighbor here says the second dog's name is dooley. never had any barking issues with him either. reporting live..david sc developing now across the valley. you've felt it....the heat is back! this is a live look at las vegas. karla huelga joins now with your 13 first alert forecast. karla.... any changes soon? we are now under high pressure which means the heat has made a comeback. we will also remain breezy through wednesday as pacific systems pass to our north. expect high temps at or just above 105 through tuesday, with sunny skies and breezy winds parts of arizona... still a dangerous and muddy mess....after days of severe storms! neighbors brought more than two feet of water.... down a wash near scottsdale. they've never seen this much mud, water, and debris before! this is the widest and the this is the widest and the highest that weve ever seen this wash bad things...bringing out the best in people! more than a dozen drivers... who were stranded... got a helping hand! the scottsdale fire department also very busy... they perfo

. >> okay item anniversary smadz commissioner dooley commissioner ortiz-cartagena commissioner tour-sarkissian commissioner yee-riley commissioner zouzounis absent mr. president, we have quorum. >> great before we do item 2 i'd like to propose for the benefit ever everybody that is here we swap or we move item 5 to swap in front of item 3 so we can hear what everybody has to say and get along with the day all right. commissions we'll hear first item 2 and item 5 and then three and four. >> item number 2 general public comment members of the public may address the commission of interest to the public that are within the subject matter jurisdiction of the commission except agenda items. with respect to agenda items, discretion item. >> do we have any members of the public that would like to speak during general public comment seeing none, public comment is closed. item 5 please. >> item 5 applications for replacement on the legacy business and adaptation for the legacy business for the businesses listed neighborhood health center and moby dick and the cafe and the roxie theatre and the studio an

the chief operating officer tom dooley will serve as the interim ceo.he billionaire paul tudor jones is demanding that all of his managers take more risks in their bets. that is according to an investor letter obtained by bloomberg. it also said the legendary macro trader has boosted the amount of money he is managing to more than 50% of his main hedge fund's net assets. the moves are essential to his shakeup of the business, which this week cut 15% of its staff. a spokesperson declined to comment. apple has hit roadblocks in making major changes that would connect its watch to cellular networks and make it less dependent on the iphone. that according to people with knowledge of the matter. the tech giant still plans to announce new watch models this autumn, boasting improvements to health tracking. that is your bloomberg business flash. manus: kristen, thank you. we have had a week of expectation leading to post brexit data. the u.k.'s inflation rate was pushed to .6%. 8,600.less rate fell the office of national statistics. if i was a betting man at al

a viewer sent us this photo from dooley just a little while ago and reached out to the national weather service. they say from the picture it appears to be a funnel cloud, but they also say there doesn't seem to be any reports of activity in the area. >> a alerts. >> a dust storm warning now in effect. a result of the storms we're seeing to the south and to the east of us. a lot of activity in the past few hours in that section of the state, and that means we could now see some activity right here in the valley. i'll step out of the frame so most of the activity through sierra vista up through parts of tucson and 'stros, but likely heard in that alert, that dust storm warning as cells start to limb closer into the northern sections of maricopa county and the southern sections, northern sections of pinal county and the northern sections of maricopa county. take a look at the strength of the cells moving through here. pockets of very heavy rain approaching maricopa from the south. the rest of the activity we're seeing out there, isolated to the northern arizona. and that chance for rain i

that is second by commissioner dooley. tida >>[call of the roll] >>[chorus of ayes] that motion passes unanimously 6-0. one asked them. great. >>[applause] >> we got that essential item out of the way. import betwixt moving to item 4, >>[reading ordinance] >> item number four, >>[reading ordinance] >>good evening commissioners. richard carrillo legacy business program manager. we are is only in the process of developing policies for many aspects of the legacy business program. in developing criteria for disqualification from the legacy business program, we reviewed the existing business eligibility criteria from the administrative code. legacy businesses are businesses have been nominated by the mayor or member of the board of supervisors and that the small business commission after i noticed hearing has determined meets each of the following criteria: one, the business is operated in san francisco for 30 years 30 or more years with no break in san francisco operations exceeding two years. if the business has operated in s

that is second by commissioner dooley. tida >>[call of the roll] >>[chorus of ayes] that motion passes unanimously 6-0. one asked them. great. >>[applause] >> we got that essential item out of the way. import betwixt moving to item 4, >>[reading ordinance] >> item number four, >>[reading ordinance] >>good evening commissioners. richard carrillo legacy business program manager. we are is only in the process of developing policies for many aspects of the legacy business program. in developing criteria for disqualification from the legacy business program, we reviewed the existing business eligibility criteria from the administrative code. legacy businesses are businesses have been nominated by the mayor or member of the board of supervisors and that the small business commission after i noticed hearing has determined meets each of the following criteria: one, the business is operated in san francisco for 30 years 30 or more years with no break in san francisco operations exceeding two years. if the business has operated in s

tom dooley is much more hands on guy. i'd will have to see him get the permanent position.t he can do with it, honestly. >> okay. >> you know, there's about 400 million shares outstanding. stock is the b-stock around 41.70, i think. so you're paying about 17 billion of market value. you're paying about $28 billion for the business so we think there's a lot of upside. >> i was going to ask you, brian, what about paramount and the "ben-hur" flop of the weekend? >> it's perplexing and speaks to the bigger issue of viacom and cbs. nobody cares about governance until it's a problem and the performance making people focus on this. with paramount, there's something going wrong at the studio. is it because the company isn't allocating call there? trying to be cost efficient and this is the outcome? they don't have many titles coming out. i don't know that it's management necessarily. and further, when you add to this i think one of the few people that sumner redstone reportedly visiting not speaking to dauman is brad gray. makes you wonder will national amusements have something to

a lot of history went down with those towers: ((dixie dooley: it's kinda bittersweet ya know? vegas moves forward all different things are happening. and so it's bound to happen, but it's a sad thing to see all the memories go. )) ((michael stevens)) >> and speaking of memories... the riviera was featured in the rat pack original "ocean's 11" in 1960, the james bond film "diamonds are forever" and "casino" in 1995. let's not forget about all the there over the years... from liberace to dean martin... but the music stopped in may of last year after a 60-year run. of course this is the second implosion... it was about two months ago the first tower went down... now it's all gone. as the las vegas convention and visitors authority makes way for ((demetria obilor)) >>> we were on facebook live... dark and early.. for the implosion. and many of you posted comments on our 8 news now facebook page.. reminiscing of the good ol' riv days. remember, you can join the conversation with the hashtag "farewell riv". /// conversation with the hashtag "farewell riv". "farewell riv". /// ((kirs

together to say goodbye to a great, funeral services this morning in wilmington health reformer unc and dooley who passed away on tuesday at the age of 82. his brother vince harvey surprised at the mass turnout of folks today at the basilica shrine of st. mary.>> he will be remembered for a long time to come and again by all of these players because that is a special benefit of being a coach is to have your players come back and say thanks coach. that is what they are doing >> great coach and man, and once again michael phelps 23rd gold medal, amazing.>> thank you . before we go we want to update you on this breaking news incident we have been following all day, we just got information in from raleigh police. they say that their active work at the scene is concluded, investigative follow-up remains under way and there is no indication there were any gunshot victims and they have not said conclusively whether there were any we have been told by sources working at the scene that a pair of bullet holes were discovered in the ceiling and we will continue to keep you updated an hour late news on wr

. >> okay item anniversary smadz commissioner dooley commissioner ortiz-cartagena commissioner tour-sarkissian commissioner yee-riley commissioner zouzounis absent mr. president, we have quorum. >> great before we do item 2 i'd like to propose for the benefit ever everybody that is here we swap or we move item 5 to swap in front of item 3 so we can hear what everybody has to say and get along with the day all right. commissions we'll hear first item 2 and item 5 and then three and four. >> item number 2 general public comment members of the public may address the commission of interest to the public that are within the subject matter jurisdiction of the commission except agenda items. with respect to agenda items, discretion item. >> do we have any members of the public that would like to speak during general public comment seeing none, public comment is closed. item 5 please. >> item 5 applications for replacement on the legacy business and adaptation for the legacy business for the businesses listed neighborhood health center and moby dick and the cafe and the roxie theatre and the studio an

tom dooley has been put in as the interim ceo.til september 30th before they make a decision on this. that's up for grabs. i don't know how someone can prove themselves in a short period of time. we'll see. i've been saying the leadership the studio which has been horrendous, you know, is -- i would say that's going to be something that will be examined closely as they said in the proxy it would be. i think you will see a lot of change happening there. by the way it's long overdue. >> a lot of people look toless moonves as potentially a white knight if the companies combine here. is that a realistic scenario? >> i'm hearing he doesn't want do it. he does agree they're better off separate. some saying is that a negotiating tactic to make you look harder to get. not from what i'm hearing. i think the question is, i think dooleycontinuity. he has the support of some of the existing directors some of whom will be kept on after the change in command here, so he definitely has solid support. whether he has the support of shari redstone,

as part of the compromise, viacom's operating officer, tom dooley, would be promoted to ceo. one roadblock is the potential sale of paramount, which redstone and his daughter, shari, believe is core to viacom's future. a deal would end one of the most bitter boardroom legal battles in history. >>> target slashes its full-year outlook and that's where we begin tonight's market focus. citing a difficult retail environment, the retailer said both profit and revenue declined in the latest quarter. earnings did, however, manage to top expectations, while sales were roughly in line. the company lowered its earnings guidance and said same-store sales are expected to continue to decline for the rest of 2016. shares finished the day down 6% at $70.63. >>> lowe's also cut its guidance for the year, after hosting disappointing quarterlies. sales rise, but ent company saw those results were shy of street targets. cited lower demand for lawn and garden products, for its disappointing quarter, and that outlook. shares off more than 5.5%, to $76.88. jcpenney, meanwhile, has a plan to improv

it was followe a lot of history went down with those towers: ((dixie dooley: it's kinda bittersweet ya know? vegas moves forward all the time, it's always changing and different things are happening. and so it's bound to happen, but it's a sad thing to see all the memories go. )) ((michael stevens)) >> and speaking of rat pack original "ocean's 11" in 1960, the james bond film "diamonds are forever" and "casino" in 1995. let's not forget about all the huge headliners who performed there over the years... from liberace to dean martin... but the music stopped in may of last year after a 60-year run. of course this is the second implosion... it was about two months ago the first tower went down... now it's all gone. as the las vegas convention and way for a new chapter here in las vegas. brian, michelle? sherry, how's the weather? ((sherry swensk)) we're seeing much left of that suspended dust in the air after the implosion of the riviera tower overnight. the dust really just drifted and will eventually thin out. .......... but overnight the winds calmed down a lot from the afternoon ande

tom dooley has worked at viacom and some of its predecessors since early 1980's.e was at a company called viacom. he was the first guy to go up and shake sumner redstone's and after he bought it. he's always been the number two or number three, and it's unclear whether he's really going to get a full vote to get a full vote because he's been closely allied with the law for the past 15, 20 years. philippe dauman's experience, isn't the ceos job at viacom a poisoned chalice right now? >> it's an uphill fight for anyone right now. i have to imagine that for someone with a lot of ambition, a lot of self regard, they would like to take on that challenge and take some of these brands that have melt so -- meant so much in pop culture for so long. erik: what's the bigger challenge, turning around a andodion --nickelodeon these other brands, or dealing with sherry redostonstone? >> anyone who ends up running the company full-time will end up having sherry redstone's confidence and trust. stone has picked five board members who are on the board. this is a company that has h

bill dooley is the only umc coach to lead the program to multiple conference championships and coached at virginia tech and wake forest and is credited with raising the level of play. >>> and lake michie will close early this year, closing boathouse area and recreation area including installing handrails, and a wheelchair accessible kayak and canoe launch. it should be finished by next year's boating system. lake michie is one of the mispronounceiations that you tell the new anchors about. >> and sometimes you tell the anchors that have been a long time. >> and and for-syth county with the accent -- i could go on and on. but i don't want to bore you. >> we have lots of them. [ laughter ] elizabeth? >>> we can keep going. our tall tower camera, in the last 30 minutes, we had a deck of fairly thin cloud cover. and it's looking gray and gloomy. those are starting off quickly. not 7 seeing sunshine. 30 to 45 minutes. and it should be all gone across the region. durham, 77. and 74 in holly springs. and 74 on south hill and 77 in fayetteville. and your planner at lunchtime, 86 and phon at 4:

along with the towers... 60 years worth of history also came down: ((dixie dooley: it's kinda bittersweet ya know? vegas moves forward all the time, it's always changing are happening. and so it's bound to happen, but it's a sad thing to see all the memories go. )) /// ((paul joncich)) >>> so what's next for the riviera property? well in the short term.. not much. ((christianne klein)) >> after all the rubble is cleared from the site... it will be turned into a parking lot which will be used for outdoor convention space. that massive lot should be ready for the start of convention season in january. after that... the l-v-c-v-a hopes to expand reach from paradise road... all the way to the las vegas strip./// ((paul joncich)) >>> we aired the implosion live on 8 news now last night... we also streamed it online as well as on facebook live. ((christianne klein)) >> hundreds of people commented during our live stream... damon says "out with the old, in with the new. this city doesn't have any history because they just blow it all up." ((paul joncich)) >> sandra says she "loved the riviera...

a lot of history went down with those towers: ((dixie dooley ya know? vegas moves forward all the time, it's always changing and different things are happening. and so it's bound to happen, but it's a sad thing to see all the memories go. )) ((michelle mortensen)) >> and speaking of memories... the riviera was featured in the rat pack original "ocean's 11" in 1960, the james bond film "diamonds are forever" and "casino" in 1995. let's not forget about all the from liberace to dean martin... but the music stopped in may of last year after a 60-year run. of course this is the second implosion... it was about two months ago the first tower went down... now it's all gone. quick check on your commute traffic on the south beltway is getting really bunched up right now. westbound traffic is slon part of the reason why. the left lane is closed off between warm springs and the mccarran exits. in the spaghetti bowl, things aren't much better. traffic is slowing down along i-15 south at us 95. <<< >>> <<< >>> <<< and not seeing any dust left from the riviera implo

dooley, who has been chief operating officer, will be interim ceo until september 30th.t's when a decision on permanent ceo will be made. you can see the stock is up by 14 cents. a little relief. something that won't drag out in the courts for months and months. probably inevitable conclusion when redstone controls 80% of the vote. >>> also gasoline prices moving higher. up half a cent to $2.15, $0.50 below where they stood a year ago. >>> big bet on troubled energy debt. "wall street journal" says ross's firm bought the debt in an telt to try to take control of distressed oil and gas companies if they have to turn over ownership to creditors. sources say ross is angling swap debt ownership filed for chapter 11 in may, buying debt of permion resources found by wildcatter auburn mcclendon that might ultimately hand partnership to creditors in a restructuring. oil prices in the last month, we showed you this morning down sharply, down 2. %. just over the last month they have climbed steadily over the last two or three weeks. we're sitting right at $40. that was the panic p

tom dooley will be the interim ceo.y are saying this will be a victory for shari redstone. -- sherry redstone. we still have lots of fundamental uncertainty, this shows in the fact that the earnings estimate for fiscal year 2016 is down 27% year to date. he also thinks there is an upcoming debt refinancing cycle that could be of concern. turning to another winner on the day, this is a chip equipment stock. they make the machinery that produces chips. they put up a blowout fiscal third-quarter. very impressive is the guidance for the fiscal fourth quarter. estimates, street ,nd behind all of this strength renewed demand from the chipmakers as they upgrade their equipment. on pace for its best yearly performance since 2003. >> the nasdaq trying to stay green on the week for the first eight weeks run in how long? >> six years. one other stock that could help the nasdaq make that happen, ross stores. beating both learning and cobb sales estimates, they put up a comp sale of _4%. -- +4%. this is a discount retailer that is s

viacom's board elected thomas dooley as ceo. >> they wanted him out for some time. >> golfer.com will shut down, after winning $135 million bid for the gawker media company was expected. gawker was forced into bankruptcy following a successful lawsuit by hulk hogan. it was an online gossip publication focused in new york, and an industry and liberty culture in general. >> more companies getting into self driving cars, huber bringing itself driving technology to pittsburgh, it will start public trials of fully autonomous cars in pittsburgh this month. customers will be selected at random to try it. self driving cars will have huber employee sitting behind the wheel monitoring the system, they are announcing a $300 million project to jointly develop autonomous vehicles. >> will teenagers even need to learn to drive? >> no parallel parking on the drivers test. >> the greatest athlete in the world is an american. ashton eaton wins his second straight decathlon goals, the lipid highlights for you. ryan lochte is indicted in brazil, the limbic committee apologizes for a tale told by the ame

tom dooley will take the role of interim ceo.s is a victory for media mogul red stone who owns shares. he removed him from the trust in may and has been unhappy with viacom's performance and also plans to sell paramount pictures. dauman will receive $72 million under settlement agreement. shares of viacom, as you see, we saw minimal gains up a third of 1%. >> let's talk about stocks to watch today, in addition to those things we mentioned. japanese chipmaker renesas in talks to buy intersill, could strengthen business of making components for cars. interesting move there. also valeant has hired new chief financial officer looking him away from another firm, shares up 4%. ku see there. facebook in the focus here has potential to climb more than 20% over the course of the next year. that's according to barron's. citing growing advertising revenue among its many platforms. shares facebook 123.93, extended hours trading up 1/3 of 1%. >> china announcing u.s. security regulator cleared its plan $43 billion acquisition of syngenta, one

chief operating officer tom dooley will serve as interim ceo and could take the role permanently.pple has it wrote locks in making major changes that would connect its watch to cellular networks. that is according to people with knowledge of the matter. the tech giant still plans to announce new watch models this autumn. islionaire paul tudor jones demanding that all his managers take more risk according to an investor letter obtained by bloomberg. it also said the legendary macro trader has boosted the amount of money he's mentioning -- managing. the moves are central to his shakeup of the business, which cut 15% of its staff. a spokesman declined to comment. that is the bloomberg business flash. francine: thank you. with me this morning's mike bell. taking -- we were listening to an era talk about tutor. are we taking too little risk? he wants to take riskier bets. is that the basis of the next crisis? mike: i think this is the point in the cycle where you don't want to take extreme risk. you want towhich have large risk on is when the economy is in a bad lease, but just past th