watch more sports, and then also get them to play more on fanduel. >> fanduel's one-week fantasy footballeagues are paying $75 million a week... >> narrator: all that investment money fueled an advertising blitz worth hundreds of millions of dollars in the run-up to this year's football season. >> turning a game you love into a lifetime of cash. >> use promo code "kick" to play and get free entry into the millionaire grand final. >> narrator: on some weeks, fanduel or draftkings was the number one advertiser on television. >> this isn't fantasy as usual. this is draftkings. >> they were everywhere. i'm not sure that we've ever seen that level of spend for any kind of gaming product, or frankly, any product. it's very rare that a marketing campaign achieves a spot in the cultural consciousness, that it becomes a meme, that it becomes the subject of jokes for late night television hosts. >> these days, it feels like you can't turn on the tv without seeing one of three things: a zombie, a kardashian, or a fantasy football ad. >> i can't think of another marketing campaign at least in my life

. >>> fanduel and draftkings may be coming together.here with our business news. >> good morning, tracy. draftkings and fanduel may be teaming up, reports say they're in early merger talks and both have reduced costs as both have had to defend themselves against legal challenges. draftkings and fanduel have spent a lot of money on advertising. comcast á parent of nbc owns shares of fanduel. >>> over on wall street we could see red arrows today. futures are lower and stocks fell monday on terrorism fears and kerns over over concerns. data on retail sales and the import processes. the central bank isn't expected to hike interest rates but could offer clues on their next move. the dow falling 132 points to 17,732. the nasdaq down 46 to 4,848. >>> landon dowdy, thanks. >>> now your nbc 10 first alert neighborhood weather. >> we are minutes away from sunrise. we'll see lots of sunshine. there are a few clouds blowing through the area now. they will not last. 64 degrees at 5:25. jessica boyington is watching the roads from the first alert tra

kings: fanduel and draft in talks about a merger.y have been in the news mostly last year because they had been talking about merging and they were raising money from investors in places like sports and other venture capital. they came under fire from regulators and the valuations dropped by half. still ahead, microsoft wants to add linkedin to its professional network. how will microsoft integrate its new acquisitions? ♪ ?c+sv >> this is bloomberg markets. let's get a check of the headlines. mark has more. mark: donald trump is calling for a ban on muslims entering the united states for an indeterminate time, speaking in new hampshire, he said he will quote suspend immigration from areas of the world where there is a proven history of terrorism against the u.s. or its allies. >> i called for a ban after san bernardino and it was met with scorn and anger. years, many are saying i was right to do so and although the pause is temporary, we must find out what is going on. we have to do it. fted, this band, when we can properly and perfe

fanduel and draftkings have come under scrutiny for states wanting the firms to be regulated.estrishcted in at least ten states. operators say daily fant stays game of skill and not equivalent to gambling. they could reduce advertising to battle for market share against each other. fanduel and draft kings keep topping $1 billion. >> going to have to spend a lot on their legal bills as they try to challenge all of these different court decisions. >>> now, to the pop trending story. days after the shooting in orlando. vigils are being held around the world. we've got pictures for you. the lgbt community rallying together. celebrities speaking out against the attack on social media. did you see activist harry potter author jk rowling giving special attention to one employee at universal saying luis vielma worked on the harry potter ride at universal. he was woo years old i can't stop crying. >>> still to come, today's must reads. the returns to the markets. the big moves and complete roundup of those moves when we come back. hold on to your tiara kind of day. live 24/7. with 24/7

draft kings and fanduel spent lots of money on advertising. it's estimated nearly 60% of tv ad revenue last fall was from a daily fantasy football ads. >>> americans are more generous than ever. the giving usa foundation said they hit a record of 4% to $373.25 million. factors are the continued economic recovery and upward trend in personal and disposable income. back to you. >> that is really good to hear. thank you very much. >> it was a notable week. the annual worldwide developer's conference is in full swing in san francisco. ads they usually do, apple announced product update. among the new features, the mac system called sierra that will include apple pay and siri. the apple watch, people will be able to track their fitness. the watch will have an emergency feature that let users hold the side button to contact 911. all updates will be available this fall. >>> 4:53. a pint-sized swimmer sets off on his journey today. the incredible feat this 9-year-old is trying to complete today. >>> to alcatraz and back. happening right now, this morn

cbs does have an ownership stake of less than 1% in fanduel. >>> jason robins is co-founder and ceo ofcbs this morning." jason, good morning to you. >> thank you for having me. >> governor cuomo's office tells "cbs this morning" the bill is being reviewed. what would it mean for draftkings, and really the industry now if it's signed into law? >> i'm home that governor cuomo will decide to sign the bill into law. it would be a huge win. new york is a great market. it's a big market. it's a fantastic sports town. it's also baseball -- also been at the center of fantasy sports. having a positive outcome in new york that allows the fantasy fans, millions to play, would be fantastic. >> you said you stayed up all night to watch. how late were you up, and how nervous were you? >> i must admit i never thought on a friday at 2:00 a.m. i'd be watching the live web cast from albany of the new york state senate. i was. and you know, it was -- it was definitely an interesting experience watching the whole process unfold and also, you know, hearing and knowing kind of behind the scenes the discussi

a house committee advanced a bill that would regulate and tax sites like fanduel and draftkings. under the bill, fantasy sports companies would have to apply to the pennsylvania gaming control board for a license, then pay a quarterly tax. >>> local aclu leaders want more details about how the city will deal with protesters during the summer's national democratic convention. the aclu of pennsylvania sent a letter to mayor kenney asking for clarification. the union fears the city is going back on promises ton interfere with protesters at the convention at the wells fargo center. the city says it will prohibit all marches on broad street and during rush hour. >>> regarding the convention, a union leader write, "there's no better time to show respect for the fundamentally american tradition of peacefully expressing dissent." in response, representative from the mayor's office tells us, "the city has taken innumerable steps to protect demonstrators' right to free speech including decriminalization of numerous infractions like refusal to disperse that have previously led to mass arres

fantasy sports firms fanduel and draftkings are reportedly in talks to merge.ompanies would control over 95% of the daily fantasy sports industry. it would also lower legal costs as the industry defends itself against lawmakers who want to impose regulation and restrictions that are being levelled by at least ten states. the combination could reduce advertising budgets because both have spent aggressively to try to battle each other for market share. each valuations topping $1 billion last year. comcast, the parent of this network, owns a stake in fanduel. >>> the cavs pulling away from the golden state warriors in the second half of game five last night thanks to a monster night by lebron and kyrie irving who both scored 41 points. the cavs went on to win 112-97. game six back to cleveland on thursday night when it will be too late for me to watch again. 9:00 p.m. >>> coming up rngs don-- don't about it. put it on at 9:00. >>> malcolm gladwell kicking off a new podcast called "revisionist history." he'll join our guest host to talk social connections and more.

fanduel, thank you. >> but because they probably are trying to figure out a way to tax it, right? >> of course they are. >> but, you know, sharmain makes the point on -- >> let jeff finish. >> but the same token, it's always -- we were talking about it before we began today -- is there's always a fear. people are afraid to put up the tough votes. they won't put up the pension votes. >> look -- 110 lawmakers in the house do not have an opponent in the general election. >> who cares? >> we're not talking -- >> right. >> and here's the problem. through artful and sometimes legal gerrymandering, most of them are in very safe districts representing people in a case of republicans who are much more conservative than they used to be, democrats now literally an urban-based party in the state, much more liberal, and neither the twain shall meet. and so republicans were elected on a no tax hike pledge. i'm not defending them. i'm merely saying you have to look at that, and there's no way, and it'll -- we have not had an income or a sales tax hike in an election year in which lawmakers were

let's move onto scoop number two, fanduel and draft kings teaming up. >> there have been talks for severalonths between the two largest daily fantasy sports players that have been in the news quite a bit, first because valuations popped last year. both of these companies were valued over $1 billion. than they got into legal trouble. governments started to look at these companies and started to think of them as illegally gambling. the idea of whether or not fantasy sports is gambling is still going through the process of being looked at by regulators, by lawmakers. but new york state, for instance, has banned both of these companies from operating. the ag has taken a hard look at both of these companies. perhaps by merging, the companies can limit ad spend. for anyone watching professional sports, there is no way you could have avoided the unbelievable amount of tv commercials from both these companies. it became a harmful arms race. assuming the legal problems can be put aside, it makes a lot of sense for the companies to come together. they do the exact same thing. the question is, will r

. >> fanduel and draftkings are said to be in talks for a merger.we know how long the talks have been going on for? >> there are reports talks have been going on for about three months, but you are right -- this has been a long rumored and discussed merger sort of behind the scenes, but things have gotten more serious. these companies have been in the news a lot over the past year or so. first, all the publicity was very good. both of these companies valued at over $1 billion. they are unicorns. then things fell apart after government darted looking at both sites as potentially illegal gambling sites. these companies now have lost quite a bit of valuation since they have gotten into some potential legal trouble. those troubles are still working their way out here. however, part of the merger talks would have to be that maybe they are in stronger company as one. >> alibaba has proved its first financial forecast -- or provided, i should say its first financial forecast as they went public and predicted growth to rise a whopping 4%. how achievable is

we're talking about fanduel in talks to buy rival draftkings.e amid the legal fights both are facing in trying to tackle. the report is coming out of bloomberg at their peaks. both of these companies this evaluations over $1 billion. there were questions as to whether big names like disney would take a stake in some of them. but together they may be stronger fighting all of the lawsuits that the attorney general had been battling these two companies on. so we'll keep an eye on this story. let's go back to the terror attack in orlando. not unique to the nation we're talking about. one nation has been under siege since 1948 and survival is a daily battle for israel. for a country literally surrounded by enemies. security is of the u utmost importance, always has been. what lessons can we learn from israelis. joining me now in a fox business exclusive former prime minister of israel. ehud barak. thank you so much for coming. could a muslim man like this evil person who pulled off a terror attack in orlando having been investigated twice by the isra

about the marketing, the beginning of the conversation everybody here were aware of drafting's and fanduelthey certainly were last fall as a running joke,you spent hundreds of millions of dollars , hours a week on advertising. in retrospect, was that a good idea? >> i would say we definitely made a mistake. we definitely wanted to generate that awareness. we knew we had a product that people loved and our biggest issueis that most people were aware of it. we knew, we thought we knew what people like about the product . we think the level of advertising and you know, we probably didn't sell all the benefits of the product, the excitement of the product and we obviously overexposed it. over time we were getting there and i think the market sort of blew up last year. >> there's two possible negative side effects of blanketing, one is turning a lot of people off the product and to i think, it seems like you raise your profile enough that people like the attorney general of new york said i'm going to look into things. you think that caused part of the backlash, the legal backlash? >> i think wh

fanduel and draftkings are the two biggest online companies, both valued at $100 billion each. comcast are . >> thank you. >> i think both companies are spending a lot of dough trying to get this legalized across the united states. it could make sense to combine them in order to just have one set of outlays, but i wonder in a way if it would favor the industry more if it had more players as opposed to just one. >> good point on that one as well. we'll see how that plays out. >>> 24 minutes left in the trading session here. back below -- getting near the lows of the day. i'm trying to get cute and it didn't work. the dow is down 104 points. have a leading trader tellinging us what he's watching when we come back. >>> also ahead, best selling author walter isaacson giving us his take on the world wade developers conference. stay tuned. working 24/7 on mobile trader, rated #1 trading app on the app store. it lets you trade stocks, options, futures... even advanced orders. and it offers more charts than a lot of other competitors do on desktop. you work so late. i guess you don't s

according to people with familiar -- familiar with the matter, people are pushing for draftkings and fanduelmbine. that is your bloomberg business flash. i am shery ahn. jonathan: this week, three central banks deciding on their next monetary policy move -- the fed, boj and bank of england. tom hill, president and ceo of morris,ne and ian senior managing director wrote about this in a recent piece in foreign affairs. looking at the situation this conversations we had last time or how they respond in the event of the next downturn. i just wonder in the next couple of years with or without a downturn, are we going to see something substantial from the fed or boj without a downturn? tom: my experience with central banks is never vote against them. when you think about paul volcker when he became head of the fed, everyone was worried about inflation and then all of a sudden paul took care of inflation and for the next 20 plus years, inflation has not been a problem. i think central banks have a lot of firepower and when you have governor kuroda who was recently at the council on foreign relation