last night he said there was a new report and very damaging for le les moonves. have spoken about his behavior it's pretty unsavory, awful stuff. now he's gone. cbs has to start anew and think about the future. >> they used the term resigned or negotiations are being worked out is the best way to put it here, matthew garahan. aside from the terminology, it's hard to see how this is, quote, a resignation by mr. moonves. >> he hasn't been fired for cause. important thing to bear in mind. the statement was very amicable. it's an investigation going on triggered by the first "new yorker" story. they haven't yet published their findings the other thing that's been happening in the background, as your viewers may have followed, is that a struggle for control of cbs and a dispute between cbs and viacom and as part of that dispute, the controlling shareholder of both companies has managed to engineer a bit of a board room coup. there's a big change in the board. sources that i spoke to said moonves decided two weeks ago that he was out. he was going to quit because the c

the five big things that you need to know to begin this monday morning long-time cbs investor le les moonvesling on apple to bring more production back to america. >>> a developing but dangerous story. hurricane florence is picking up speed and taking aim at the coast. a megamarket milestone now ten years since the main week of th

les moonves. the president of cbs and controlling shareholder will reportedly she called members of the cbs board of directors in january regarding the sexual misconduct allegations against les moonves. redstone was pushing for cbs to merge with viacom. some embers of the board reported they suspected redstone was spreading rumors about les moonves to strengthen her argument. les moonves resign from cbs monday. cheryl: that's been a very bitter and ugly fight. reporter: we covered it am a huge argument whether to merger. cheryl: prices for apple devices, products can be going up because of tariffs. we have fear out there know we are getting numbers. reporter: we have more about the new iphone coming out. if you are an apple fan, get ready to probably pay more. cheryl: right here, adam. reporter: it could cost you 20% more if president trump gets his way with the average iphone price rising if production is moved to the us according to merrill lynch analyst to make up for labor costs and president trump has said to apple move production to the us to avoid chinese tariffs. lauren: could just happen like that; right? reporter: apple phones, like the phone. the service? lauren:

reporter: julie chen has not appeared on the talk shows since her husband, les moonves, resigned amid sexual harassment accusations. les moonves has denied the allegations against him which first appeared on the pages of the "new yorker." julie chen supported her husband then issuing a statement calling les moonves a "kind, decent and moral human being." earlier this month the "new yorker" reported a 2nd round of allegations, together detailing the stories of 12 women accusing les moonves of sexual harassment or assault between the 1980s and early 2000. julie chen doubled down in here support signing off "big brother" with his name. in her recorded message tuesday she did not address the scandal surrounding her husband but seemed emotional as she said goodbye. >> i send you my love. i will miss you all very, very much. >>> late developments in the brett kavanaugh confirmation battle. lawyers for the woman accusing him of sexual assault have released a letter. they want an fbi investigation before she testifies in the senate. however, her lawyers have not ruled out a tending a hearing now scheduled for monday. >>> the d

reporter: she has not appeared on the talk shows since her husband, les moonves, resigned amid sexual harassment and misconduct accusations. les moonves has denied the allegations which first appeared on the pages of the "new yorker" in july. julie chen supported her husband issuing a statement calling him a "kind, decent and moral human being." >> i will stand by that statement today, tomorrow, forever. >> reporter: this month the paper reported a 2nd round of allegations detailing 12 men of accusing les moonves of assault between the 1980s and early 2000. julie chena made headlines when she doubled down on her support signing off on big brother with his last name. in her recorded message tuesday julie chen did not address the scandal, but seemed emotional as she said goodbye. >> i send you my love. i will miss you all very, very much. >>> the weather is always interesting in the bay area. some of you today were 5 degrees warmer, some of you were 5 degrees cooler. i will explain why and talk about when more of this is about to come in. isn't that beautiful? the fog is coming into san francisco. >>> coming up at 6:00 in the or

les moonves culture. that's him -- that was fager sort of echoing the style of les moonves. ell-known hollywood executive who said les is a bully. he was talking about les' social prospects moving forward because he was also the prom king with julie chen, prom queen of hollywood. and he's -- he said he's toast, which was interesting to hear. but also that he's a bully and the thing we've learned in all of this is that bullies, their behavior shows up in all sorts of different ways in business dealings but obviously we're seeing with women. with "60 minutes" it's the gold standard of news programming. and it also has been a boys club. and i was -- i was talking to the son of sandy sokolow last night. and sandy sowas the executive producer for walter krcronkite. courting the old guys. that meant paying a lot of homage to, obviously, to d don hewitt. you've seen this lineage of white guys that have been handed the thrown over -- passing this over from one to the other. and now there's a real moment to create something different. i've always been shocked with, you know, when peop

." >>> cbs ceo chairman les moonves >>> cbs ceo chairman les moonves is stepping down today. new yorker reported that six additional women have come forward accusing moonves of sexual harassment of assault. it ranges from forcing women to perform oral sex on him to unwanted touching and kissing to physical intimidation and retaliation. moonves has denied these claims which span from the 1980s into the early 2000s. in a statement, moonves said the appalling accusations in this article are untrue. what is true is that i had consensual relations with three of the women some 25 years ago before i came to cbs. cbs' board of directors issued a statement saying it's committed to a thorough and independent investigation of the allegations and that investigation is actively under way. these new accounts come just weeks after fair row broke a story that detailed similar behave with other women. the new yorker says it corroborated those women's stories, but nbc news, we should note, has yet to independently verify them. joining me is nbc news senior media editor clear atkinson. it's good

les moonves is out. that's next. this is bloomberg. ♪ emily: les once loomed larger than -- les moon vest once loomed larger than life at cbs, he's stepped down. he was departing without any severance benefits until the conclusion of an independent investigation. the company is adding several new board director, including high powered women. cbs has been involved in a bitter dispute with viacom's sherry redstone not to pursue a merger with cbs for at least two years so another party could push for it. redstone now has even more pow own the cbs board. joining us now from l.a. to discuss bloomberg entertainment reporter, lucas shaw. it took a dozen or so allegations for this to happen. walk us through the late that's we know. luca: so the latest is that lest moon vest is out for the first time in two decades. there was a story alleging six cases of sexual harassment, six women who said they'd been harassed, in late july in the new yorker. on after that.g a lot of people thought it was feasible he'd find a way to stay on top, arguing he had not abused

les moonves. how we curse picks it up. >> reporter: knuckle incident cbs ousted its chairman les moonves hours after the publication of themagazine peace. six more women on the record making chilling and graphic accusations against him. his departure makes him the most powerful person toppled by the me too movement, less well-known than charlie rose and matt lauer and a spectacular fall for a 1-time child actor who was a major hollywood player for decades with such its as survivor, csi and big bang theory who turned cbs into the top-rated network. they avoided a pr fiasco by deciding les moonves won't get a $100 million severance package until an outside investigation is completed. by announcing this would donate $20 million to groups backing the me too movement. former executive phyllis godley saying in 1980s, forced her to perform oral sex, one of two to make that charge and another occasion to rub against the wall, she dismissed his account he never heard women's careers. >> of course he did. he took my whole career. >> reporter: new yorker author says the alleged victims were upset that cbs didn't act sooner. >> they

bloodworth thomason firing off an op-ed slamming former c cbs chairman and ceo les moonves, thomas says shortly after lesgns at cbs he revealed he hated her female driven comedy designing women that featured loud mouth speeches and then he systematically killed her career blocking a third pilot that was created under a $50 million contract for five series with cbs, done, never got to it. les moonves went on to revehicle every single script she submitted after that leading her to not work in the industry again for seven years. that blistering op-ed though, not swaying the support of at least one well known tv personality, julie chen. les moonves' wife ended last nights episode of big brother which she anchors in a never before seen way. >> now, let's eavesdrop on the house guest from outside a big brother house with friends, i'm julie chen moonves, goodnight. >> [applause] liz: so it seems subtle but she used her married name for the first-ever time on air last night. cbs shares are currently down about two-thirds of a percent but they gained yesterday. again, this ongoing controversy including the announ

les moonves stepped down overnight. >> more women came forward to accuse him of sexual misconduct. >> les moonves resigning after new detailednd graphic allegations of sexual assault and misconduct from at least 12 women going back more than 30 years. the news making headlines on his own network on his wife's own show, the talk. >> as you know, julie's husband is in the news. >> sharon osborne making the announcement that he was taking a break from hosting duties. >> she is taking off time to be with her family. >> but the show refused to shy away from the news. >> women should not feel they have to carry these secrets and burdens and lives destroyed. >> just because this hits close to home, it doesn't change this story. all women's stories matter and these women's stories matter. >> chen releasing a statement through cbs saying i will be back soon and we will see you thursday night on big brother. big brother is the other hosting gig and just one of the successful shows moonves was behind. his resume includes some of the biggest hits in tv history. from friends to survivor, the amazing race and "ncis." the big bang theory.

les moonves. david: talk about questionable behavior, gary, not one analyst asked about this i can't get over that. we spent a full hour from four to five, wasting our time for a question to les moonves about the scandal. not one came. i think everyone of those analysts should be fired. >> well you know, in fact, i think i was on with you the day of or the day after that conference call and you're right and, i think we both agreed that it was just a big club there. most of these analysts are in new york city or have ties to new york city. moonves is obviously a big player there. they don't want to disrupt one of their own. it was all this buddy, buddy system, you're absolutely right. what does that say for their integrity? i give them a big fat f. melissa: yep, exactly. stick around, guys. >>> trade talks between the u.s. and canada continuing in hopes to come to a deal on nafta next week. ed lawrence at the white house with the latest. edward. reporter: not just nafta. we're talking about a lot of trade deals, european union and china. specifically on china the president could impose $25 billion of tariffs on chinese goods at any point this week. the chinese responding to th

. >>> cbs reached a deal to have ceo les moonves leave the company. cbs announced plans to pay les moonves $120 million if the company's ongoing investigation fails to find any evidence of sexual misconduct. he resigned yesterday, just hours after six more women claim that he sexually harassed, or assaulted them. six other women had previously accused him of sexual misconduct. cbs has hired two law firms to investigate the claims. >>> late celebrity chef and tv hose anthony bourdain was honored with six emmy awards during last night two emmy awards. he was found dead in june of an apparent suicide. he received the awards for his show, "anthony bourdain: parts unknown," and his digital series, "anthony bourdain: explore parts unknown." he was working on an episode for "parts unknown" when he hanged himself in the bathroom of his hotel room in france. >>> still to come here, a life- threatening storm, gaining strength in the alive tech -- atlantic ocean. taking him on the east coast. people are boarding up their homes before the category 4 hurricane hits. >> when weather forecasters

with him leaving and maybe others leaving, in the light of les moonves and charlie rose before him, the question becomes for less, in this environment, with an investigation brewing, does he get his $100 million pay package and we should point out, i have been calling cbs insiders and i have to say this. what you are going to hear now is speculation from senior cbs people and people connected with the board, the investigation, they kind of know what's going on. it's not based on any -- it's their opinion. it's not based on any hard evidence coming out of the investigation, which remains top secret inside the company. it's like five people know about it including the board. here's what they're saying. this is what's going on. this what is people are saying inside cbs. that it's increasingly unlikely that moonves will get his $120 million pay package, exit package. they are saying there's a growing possibility, they believe, that he's going to get no money. liz: none. because i heard the $20 million would be lopped off and donated. >> that's donated. liz: that's already happened? >> that's already happened. we do

les moonves against the backdrop of these allegations. what this board has done is try to play those issues direct by raising the possibility that mr. lesoonves can get zero severance pending the outcome of the board investigation. that is a lot more transparent and where we were a few weeks ago. -- than where we were a few weeks ago.it sends a signal positively hopefully that the company is moving to address the concerns. it remains to be seen what happens from here on out. taylor: thank you. tuna, analysts covering cbs at cfra. we will be back with more with tax. this is bloomberg. ♪ taylor: more bad news for cryptocurrency. bitcoin and its biggest rival are taking a hit as regulators suspended trading in two securities. our guest is joining us from london. they get hit together. but fundamentally, you can distinguish the two. overall, just this overarching theme of the fcc punishing both of them today. >> exactly. you can take them together. one is larger than the other, but we have seen the market as a whole get hit dramatically. we are seeing the reverse of last year. last year, record highs and incredible rallies like never seen b

les moonves could get up to $100 million. is that right? if you put it in perspective lesrance package. of course there was a lot of pushback against that. 20 million has already been donated to the meat to movement. whether or not they get 100 million is hard to tell. —— metoo movement. cbs news is covering the story extensively and it is worth keeping an eye and is twitter updates. see you ina an eye and is twitter updates. see you in a couple of minutes. it is our nightly look at the weather around the globe. we are going to be talking about the middle of hurricane season and this time of the year the subtropical atlantic and beasts swarming with powerful storms. we have three had a keynes and onejust storms. we have three had a keynes and one just off the edge of the screen. that is how mccain hell lane. this is how mccain isaac. this is how mccain florence —— had a keynes. —— hurricane. it is storming around the eastern seaboard of the states were nothing compared what florence could unleash once it strikes land around thursday around the carolinas. these are notoriou

les moonves. i don't know if most people know who les moonves is. he runs cbs. the king of cbs. as high as y

and if you consider how much money les moonves has made over the past several years, and how much money cbs makes, $20 million as opposed is a nice token gesture but lesoonves over the past five or six years has made more than $300 million, he stands to walk away depending on the outcome of this investigation with more than $100 million. i there is some one of the dissidents there. then again, les moonves is one of the three or four most powerful men in hollywood and he took advantage of a contract that kind of entitled him to a significant amount of money. we just saw in the case of while with fully tumult he was not accused of any sexual-harassment, he was widely considered a failure as a ceo and he still walked out the door with $80 million or $90 million. some members are new on the board of cbs and let's say a couple years down the road after the viacom says we are not touching cbs, let's just imagine that what happens is that viacom and cbs merge. it is bob bakish still around? what do somebody new come in to manage the cbs portion of things? lucas: when things that important to note on the cbs in national come amusements has agreed to not propo

former tv executive --les moonves -- shows a subtle >>> the wife of an embattled former tv executive les moonves shows a subtle sign of solidarity with her husband who has ban ccused of sexual misconduct. >> from outside of "big brother" house with brent i'm julie chen moonves, good night. >> julie chen signed off in the latest edition of "big brother" as julie chen moonves. chen normally only uses her maiden name. her husband, les moonves recently stepped down from his position of ceo and chairman of cbs this after six new women went on the record with the "new yorker" sharing a range of sexual allegations against him. julie chen has not yet returned to her co-host position on cbs' "the talk." >>> who needs a red carpet? the emmy awards plan to roll out the gold carpet instead to mark the event's 70th anniversary. the hosts of this year's shows are comedians michael chse and colin joest. yesterday they rolled out the flashy carpet. >> watch them on today's "el. "show. here they are talking about monday's big tadance, sing? >> unh-uh, we eliminated those two things. >> we're just trying

some sale to somebody but at this point looks like that's been put up with the les moonves departure. sharon redstone and les moonves on where cbs is going. mike: you saw the stock rally 3% on friday. i don't think this will have too much of an impact here, it's more the going forward story. maria: he's going to put $20 million into a fund that will -- that will go toward the me too movement, you know that will come out of the money that would have gone to him. mike: yeah, cbs is trying to make this look as good as it can but in the world we live in today, a lot of allegations, i don't know true or false, allegations can it be negative overhang and getting him out of the way is the best thing for shareholders at cbs? maria: let's talk about that for a moment because the president has been walking back this threat last couple of days, the wall street journal reporting that congressional leaders are expected to secure leader today on three separate spending bills avoiding government shutdown by tend of the month, senator lindsey graham join joined me yesterday and said a shutdown is not the right move at this

les moonves, if there were such a person? >> well, it is going to be tough to get another les moonves with the intuition about what works by wayogramming and network television when it comes to the first issue you have been talking about, how to navigate the world of direct to consumer streaming and make sure cbs is participating in that, both in terms of their cbs offering and showtime, they're outperforming expectations there. and payments, retransmission consent from cable operators and payments from affiliates have also outperformed. so they have people with the right skill set there. i think the bigger issue for cbs, i have never thought that viacom transaction could go through since the special board committee voted that down and i don't think there's any move here with or without les, with or without what happens in the delaware court that is going to change that result if the viacom merger isn't going to happen, and it looks increasingly unlikely a faang company will come forward and acquire cbs, what does a stand-alone media company as well as navigating tough waters, facing ratings decline and issues that traditional

les moonves, what's going on at cbs? >> locked in negotiations, a two-track negotiation between cbs and shari redstone, one track is les moonvesoney do we give him, how much are we sued if we pay him a lot of money. if you give someone $100 million and leaving under a cloud as les is under the ronan farrow stuff. second thing is fascinating, cbs versus shari redstone, cbs pushing for a two-year stand still agreement with shari read stone, fox business is first to report, this she leaves cbs alone for two years does, not push mergers with the other company she controls, viacom and at that point cbs attempts to sell it, we hear there's progress made on that front. liz: must be, the stock is up 3% in the final 15 minutes of trade. >> when we first reported it, there was a huge spike in the stock. this is a big story. by the way, these deals could happen after the bell. i've been told by all the people around it. liz: on a friday, they love to put out news on a friday, trust us, they think it will go away. >> it's kept lock and key, but it could happen after the bell, and i think i'm going to go home and do a splib. that was not a

les moonves will not want to see. ♪ >> i think murder she does if lansbury comes back and les moonves on the other end of that one.'t be seeing that reboot. >> laura: just when we think we have heard it all. maxine waters comes out with a new charge against the trump administration. it may make your head explode just in time for the weekend. stay there. medicare cards are changing. with new, more secure numbers. but con artists, they never change. they'll always try to steal your medical identity. so, what can you do? guard your card, just like a credit card. don't give your medicare number over the phone or email. and remember, medicare never calls unless you've asked them to. to find more ways to guard your card, go to medicare.gov/fraud. don't let your guard down. ♪ >> laura: by now you might have thought the maxine waters tank of insults might be empty. check out a blawction foundatioblack caucusevent. >> in these united states [inaudible] i believe there has been collusion i'm just waiting on mueller the special counsel to get those [inaudible] [applause] >> laura: joining us now with reaction is horace coope

les moonves how does this clarify her position as far as power in national amusements and broader media landscape, how does this complicate things? >> i think she has an upper hand now, right, because les moonves is leading the whole thing, aggressive competitor and rival to her, the future of cbs, it is a question of how quickly it unfolds. i don't think they have a lot given this situation, i don't think they have a lot of purchase i think she has a lot more power in terms of what's going to happen to cbs. >> kara, thank you bill, we'll watch it closely as shares add to losses it was up in premarket, now down almost 4%. bill cohen, kara swisher. >>> when we come back, we talk to maynard webb. and the president with a trade warning for apple, calling on the tech giant to build its plants here or risk rising prices with that, apple is down a fourth day "squawk alley" is back in a minute alerts -- wouldn't you like one from the market when it might be time to buy or sell? with fidelity's real-time analytics, you'll get clear, actionable alerts about potential investment opportunities in real time. fidelity. open an account today. >>> so many corporate stories of leaders. elon musk smoki

les moonves coming up for you. and a question for judge napolitano. it les moonves or the company, cbs, liable? the judge is next. y dreams a reality takes more than just investment advice. from insurance to savings to retirement, it takes someone with experience and knowledge who can help me build a complete plan. brian, my certified financial planner™ professional, is committed to working in my best interest. i call it my "comfortable future plan," and it's all possible with a cfp® professional. find your certified financial planner™ professional at letsmakeaplan.org. >> i want to know about this story. a fast food restaurant in oregon, revises its dress code to avoid politics. >> this is interesting. they call it flair. this is the pacific northwest burger joint. trouble was, one of the workers would turn up with badges that read abolish i.c.e., no one is illegal paired the company says that is not right but the union the people belong to says there is no written policy. they were forced to bring them back. now, the company is getting a written policy saying, no one wants to be you know, faced with politics com

inside the storm aboard a > and after stepping down in scandal ashe chairman of cbs, why do les moonves have a new "le at the network? >> first, this iday" on nbc. >> coming up, get your shot now. what you need tonow to stay healthy during flu season. >> plus,t lady gaga is saying about on screen chemistry with bradley cooper. that's coming up after. all the cars. old cars? yes. new cars? oh, yeah. sports cars? indeed. a big ol' boat-like car? permission to come aboard! what about a car that's all (makes awkward car noises) hgnnnn-nn-nn-nnnn-ayy-ayyy i don't see why not. what about, let's say... oh, i don't know, a purple van with a painting of a wizard just shooting lightning out of his fingers riding a unicorn sneezing rainbows? definitely. just asking for a friend. yea, i figured. (whispered to camera) wow. with new beauty steals everyre! single day for 21 days.f beauty. that's 50% off our most loved brands like tarte and too faced. so hurry in, they go fast... the event ends september 22nd. (tiffany) with counseling nicotine patch and gum, i quit for good. my tip is: get help to find the best way

les moonves is out this morning after six more women came forward with disturbing allegations of sexual misconduct. wall street is definitely reacting to the news. look at this -- >> the head of cbs is out. les moonves is stepping down amid but accusations of sexual assault and harassment. >> it is the first example of a fortune 500 ceo, someone who is really thought to be immune to criticism, has stepped down. >> ronan farrow behind just published new yorker article feet ripping six women detailing allegations spanning three decades. one of those women says moonves sexual assaulted her in 1986 and alleges a separate incident. >> he picked me up and threw me against the wall. i mean, i just lay on the floor and cried. >> another woman, former massage therapist deborah catay says moonves requested sexual acts during sessions which she refused. >> he would ask me to work into his genital areas. >> and one former assistant claims moonves coerced oral sex, calling it violent and aggressive. moonves denies all of these allegations and today in a statement says the appalling accusations in this article are untrue. what is true is that i had consensual relations with three of the women some 25 year

les moonves is out at cbs. his resignation comes after new yorker article reported new sexual misconduct allegations against him. >> reporter: chairman cbs -- ceo of cbs, les moonves, resigned, after people can forward accusing him of sexual misconduct. they alleged incident that took place between the 1980s and early 2000's. according to the magazine, they included claims that he forced them to perform oral sex on him. that he exposed himself to them without their consent, and that he used physical violence and intimidation against them. moonves released a statement last night saying the untrue allegations from decades ago are now being made against me that are not consistent with who i am. i am deeply saddened to be leaving the company. cbs corporation and major shareholder, national amusement, said that moonves and cbs will dona20 migation thpothe hase too and equality women through the workplace. the money will be donated immediately and will come out of any severance package that moonves may receive, pending the result of an ongoing independent investigation. the happened after a separate new yorker article in july detailed six other allegations. >>>

you mentioned les moonves claims that sexual acts with three of the accusers was consensual though he refuses to say which ones. shep? >> shepard: lesnves has released a statement, trace? >> yeah, he isn't saying much because the terms of his departure have not yet been settled. moonves did release a statement that reads in part in my 40 years of work i have never before heard of such disturbing accusations, can i only surmise they are surfacing now for the first time decades later as part of a concerted effort by others to destroy my name, my reputation, and my career. anyone who knows me knows that the person described in this article is not me. moonves' wife, cbs personality julie chen has previously stood by her husband and today she was taking a few days she said from her show, the talk. her co-host sharon osborne had this to say, watch. >> about to talk about something that effects everybody's lives here at cbs. and i have never been nervous in my life but i'm kind of very nervous right now. as you all know, julie's husband is in the news. and she is taking off time to be with her family. [applause] >> yeah. cbs will donate $2

les moonves was a giant of the industry as one insider put it, imagining the american media landscape without lesng mount rushmore without one of its presidents. he was the executive behind great ratings success stories with er, friends. when he went to cbs, he changed the demographic who were watching with shows like csi and survivor. he made cbs the most watched network for ten years running. he was also the head of the fortune 500 and he is the first head ofa fortune 500 and he is the first head of a fortune 500 company that has fallen victim by his own actions in this me too era. the allegations in the new yorker piece are very explicit about what these women said. he is denying those allegations and says these relationships were consensual, but i am struck by how quickly cbs basically forced him out, within hours. there is a criticism that they didn't act quickly enough when they didn't act quickly enough when the first allegations were made in july. this is the second new yorker piece by this investigative journalist who is making so many waves at the moment. the first one came in july. wav

les moonves. and it's just unreal what happened. and in this article when the doctor got an explanation from les moonves about what happened, it was io wonder those women wanted to push cbs to act and also to deny him severance. >> and corene, it does seem the first round of stories should have been enough. but what is different about the me too movement is the juvolume the strength in numbers. >> i listened to that segment. it's sad we need the strength in numbers, but i thank the women for doing this. and as you were saying they came out in this particular story because they saw that cbs was taking too long, and they were. and we need to believe the women. it's important that we believe the women, and it's not easy for women to come out and tell their stories because someone like the head of cbs is incredibly powerful. and it should be in every industry. this should not be allowed. if men are harassing women they need to go. >> and that power dynamic is such an important part of it. some of the women cited in this article were massage therapists. >>> to politics now and that new york op-ed written by an anonymous trump administrat

les moonves. it threw the network boss out of his office after more sexual assaults charges came up over the weekend. >> it was no coincidence that cbs outed lesdevastating piece. six more women on the record making accusations before him. he is the most powerful person toppled by the me too movement. it's a spectacular fall for a one time child actor who has been a major hollywood player for decades. he turned cbs into the top rated broadcast network. the cbs board avoided a pr fiasco deciding that moonves won't get a $100-million severance package for now and they will donate $20 million to groups backing the me too touchlite. -- movement. one woman said he forced her to perform oral sex and threw her up against the wall. she dismissed his account that he never hurt women's careers. >> of course he did. >> a new yorker author said the victims were upset that cbs did not act sooner. >> they were frustrated by the board covering this up. >> moonves calls this a smear campaign and said three of the six relationships were consensual. les moonves was thought to be untouchable. given the gravity of the allegations, cbs had little which is. >> bret

les moonves, sosa cbs. fox news media analyst howard kurtz picks it up from here. >> it was no coincidence that cbs ousted its chairman les second devastating new yorker magazine piece. six more women on the record making chilling and graphic accusations against him. moonves' departure makes him the most powerful person toppled by the me too movement. even less well-known than cbs megastars charlie rose and matt lauer. he's been a major hollywood player for decades with such hits as "survivor," "csi," big bang theory," turned them into the top rated network. they avoided a p.r. fiasco by deciding that moonves wants good than expected $100 million severance package at least for now until an outside investigation is completed. by announcing the network and moonves would donate $20 million to groups backing the me too movement by the new yorker quotes former executive phyllis golden-gottlieb as saying moonves in the 1980s forced her to perform oral. one of two women to make the charge. on another occasion, through up against the wall. she dismissed his account that he never heard women's careers. >> it's a joke, it's so bad.

les moonves has resigned, effective immediately. this is the first case involving a fortune 500 ceo in the year since the metoo movement was jump-started. >> for the past 15 years, les arguably been tvs biggest and most powerful executive in charge of the most watched network on tv. in july, six women accused him of sexual assault and intimidation. cbs hired outside law firms to carry out an internal investigation. for weeks, no action was taken until last night when moonves resigned after an article where six more women accused him of sexual misconduct. a veteran television executive, phyllis golden gottlieb said moonves forced her to perform oral sex. >> he came running into my office and did this whole thing, that i didn't send a memo to anybody and then he picked me up and threw me against the wall. i just lay on the floor and cried. >> in a statement to the new yorker, moonves writes "the appalling accusations in this article are untrue. i had consensual relations with the three of the women before i came to cbs. i can only . cbs reportedly could give him an exit package worth up to $20 million but the network says they will determine how much, if any severance

les moonves ... has stepped down from his job... his resignation comes after new claims of sexual misconduct. catherine heenan is here with the latest.. (catherine) lese stepped down after six additional women accused him of misconduct in a new yorker article published over the weekend.. a total of 12 women allege mistreatment. he ran c-b-s for two decades and became one of the most powerful men in media. one of his accusers spoke publicly today.. aside 120-million dollars in severance for moonves.. but it's not clear yet whether he'll get it -- since outside lawyers are investigating the allegations against him. meantime...some analysts say the shake-up couldleave the network ripe for a take-over. there are reports that moonves will still be in an advisoryrole -- and have an office. pam and ken? a gathering of california women gets an earful from senator dianne feinstein about the current supreme court nominee .. and the two people she thinks .. who may hold the keys to the court for brett kavanaugh. ♪ flintstones! meet the flintstones. ♪ ♪ they're the modern stone age family. ♪ ♪ from the town of bedrock. ♪ meet george jetson. ♪ ♪ his boy elroy. wi

les moonves out explicit sexual harassment and assault allegations. the cbs and viacom merger also up the table. this is bloomberg. ♪ david: the drama at cbs reached its closing act when longtime ceo lesnves announced he would be leaving the company after further damning reports. said, statement, he untrue allegations from decades ago have been made. i'm deeply saddened to be leaving the company. let's go forward. this is finally resolved. not just les moonves leaving, but also the dispute between cbs and its owners. that is resolved as well. >> we have seen the stock trade up over the last several days. if nothing else, the cloud of uncertainty surrounding the ceo and the litigation with national amusements will be clearing. the question is now what is next? viacom are going to continue to operate independently in the near term. viacom has a lot of work to turn itself around. cbs is in a much stronger position. they will need to look for a longer-term ceo. a strategic seo. -- a strategic ceo. the question becomes, is cbs a standalone company? think we have a chart to show what has happened to the stock value of cbs and viacom since they split. we have to remember where this came from

les moonves up untilll nto that. >> i was. up until the second ti, was it the second "new yorker" piece? i had great respect for les liked him very much. it's new ground, and we haven't really walked much on this ground before. and so, the boundaries are being defined as we speak. >> he was a great executive. and he turned this network around. so we both had a lot of respect for him in that regard. but there's no question for us that we stand with all those women. >> woodruff: is there anything you won't touch? >> i don't think anything is off limits.th criteria for us is, can we walk that tightrope with an issue that is serious, but stilc makeedy out of it?of it was kinur hallmark in the old days. you know, we never shied away from just having a very serious scene that didn't have any a laughs in itall. >> woodruff: the midterm elections are front and center dd the early episodes, and an immigration wrinkle to the storyline: >> "whatever your party is, useg your to vote." and it's said by a mexican n'migrant in the show. >> a dreamer, who vote. >> woodruff: there are six turing writers and some producers from the

les moonves in the news this week, two out of 12 members, i believe, when i looked at who would be deciding his fate were women. les moonves, when they fired charlie rose, very seriously came out and made these statements and yet, you know, his board that was backing him up all of this time even when these stories came out was largely met and not that women can't, you know, be wrong about some of these thing, too, but i think we do need to shine a light on that and nobody's talking about that. i don't know what the resolution of that is, but gee, only two of your 12 members are women and part of when you look at the meetia, but we know on corporate boors women are still hitting the 20% ceiling, and i know all of you can think of plenty of women who match the talent or the caliber of the men there and for some reason they don't get called. i know in my own district, i was at an event a few years ago and sheila johnson who, if you're familiar with sheila johnson and her prominence in the business community started a company and the owner of three sports businesses, too. she's never been asked to be on a corporate boa

les moonves may be leaving cbs. he had a conflict with sherri redstone. it looks like she has won. is lessplain it, members being out that's less moonvesbeing -- lesng out, are they different things? david: i suspect there are connected. he said he did not want sure redstone to be putting people on my board. she is under investigation for allegations of improper conduct. if he is out of the picture, he is not the force you once was. -- he once was. the deal will be, sherri redstone money.: cbs saving face package was in stock. musk smoking weed and working whiskey. -- drinking whiskey. a podcast of him doing that. he says he is not a regular smoker of weed. what are you doing? --id: form must -- foremost for most, telling the board to fire him but not him. alix: we will discuss what has changed since the financial crisis with the overall skin --neil barofsky. ♪ alix: this is bloomberg daybreak am alix steel. s&p futures off and as they futures hit pretty hard yesterday. -- s&p futures hit pretty hard yesterday european stocks getting hit and euro banks, lowest level since november of 2016. -- a reportly said said their license to operate could be

les moonves leaving his post after a number of women have accused him of sexual harassment and assault this is story we've been following very closely >> huge here in hollywood, of course late last night, les go. quote, untrue allegations from decades ago are now being made against me that are not consistent with who i am he's leaving now without a golden parachute at the moment joe ianniello will take the interim seat shari redstone calling a truce they will not try to merge cbs and viacom for at least two years though she's open to other ideas the cbs may come up with it's a new board, practical. half the board has been replaced some of the people gone may have been too closely tied to cbs dick parsons who used to run citi and time warner you've got straus zelnick. and barbara byrne. half the board now is made up of women. as for moonves, david faber reported he was negotiating an exit package for perhaps a hundred million dollars-plus but then ronan farrow struck again with a second new yorker story yesterday. six more women allege sexual harassment pretty graphic stuff this follows a story in late july with six other women claiming similar things. cbs is going to donate $20 million to

moonves is leaving have you spoken to him at all recently >> no, i haven't spoken to les i think the question of is it a done deal probably is better answered by les so than the board. les is a kind of an executive, the kind of a man that if he felt that his continued involvement with cbs would have a negative impact on the staff at cbs and to some extent on the shareholder and the future of the company, he loved the company, he believed in the company, and he will willingly step down if he believes there's going to be that negative drag for the board, i think the board has to examine the question. it's is cbs under les with whatever cloud you want to toss on les' behavior, imperilled for the long haul? you know, that's a tough question i'm not sure that's the case, but i'm not on the board and so that's a question and les himself is going to -- the thing to say is i'm going to be all right. les is going tobe more than al right. he will be very valuable in the marketplace to someone else, another company or even if he wanted to go out and do his own thing. there's plenty of opportunity for a guy as good as les in defining and creating media conten

les moonves and his he separation agreement. but again, going into that filing, you will see the other story which we were reporting last week. connell: right. >> which essentially what is going on with cbs post les moonves? we know they hired as we reported first, they hired, i think two weeks ago, they hired an executive search firm to find a permanent replacement. as we reported last week. there is, if you look into the documents a two-year stand still agreement between shari redstones the controlling shareholder and cbs. connell: right. >> what does that mean? for two years she cannot force that viacom merger on cbs that she was initially proposed that lesonves and his team were against, which is why they're in court right now. that court case obviously has been settled with all of this. so they have two years essentially to shop themselves. connell: okay. >> the question is, do they find a suitor? a lot of people say, well, let's think about it. at&t is out, because they're busy with time warner, likely out. comcast is likely out, federal government, justice department, hates them, doesn't want them to get bigger, don't think they could buy cbs to pass muster. technology firms, netscape, netflix -- connell: netscape -- >> i'm really dating myself with that if netflix doesn't want to buy them, if amazon doesn't want to buy them, if apple doesn't want to buy them what is cbs left to do in the next two years? because be obviously they will shop themselves. connell: is that what the next leader is about to do, clean up or not clean up -- >> sell it or he may be forced to merge with viacom as rich greenfield -- connell: two years down the l

les moonves was weakened by corporate in-fighting amid the struggle for control of the company. >> she had three of the 12 board members, there was huge animosity between the redstone camp and the moonves camp. les controlled the nine members of the cbs board. the issue was -- it was so clear to the outside world and to investors, but not to the board, that the combination of putting viacom and cbs together made sense to everybody, for investors and the management but lesi redstone wanted bob backish to run the company, the ceo of viacom. the whole deal came unstuck. the most ray. >> crazy thing was thesuit and d against sheri and the national amusement, the company that she and her father controlled, going to court, never in the history of corporate law has delaware ever taken control of a controlling shareholder entity away from that controlled shareholder. that suit was doomed. maria: when the sexual harassment lawsuits came, that was what sheri redstone, that was the straw that broke the camel's back. >> the moonves board put out the word that sheri is creating this this as a diversion, as a tactic to destroy cbs and les moonves. and of course ronan phs farrow, he dug deep, he came back and guess what, maria, he's going to come out with more, there are more women behind the 12. maria: at cbs. >> a at cbs, yes. >> what happens? these are companies that are highly sought after by other suiters, perhaps. >> this company is going to be weighed down by