les moonves wants control of that entity. they're willing to give him that.ey're not willing. could be major sticking point here. they're not willing to give him any stock in national amusements. whatless is saying, listen i saw what happened with phillipe dauman, got pushed out of viacom, guess what he didn't get along with shari redstone. may be a lot going on there. long time associate of sumner redstone who put together the media conglomerate powerhouse. i want a say in things. more than making me ceo of both of these companies, i want a say through stock. connell: that is a major sticking point. they have a ways to go. >> yes. maybe they get over this hump. some analysts say they thinkless, who is 67 years old. he is very rich. i mean, he obviously is someone who achieved a lot. cbs has been doing very well while viacom isn't. why he would run the combined entities. he's a corporate survivor, les moonves is, and i think what i'm hearing he really does want some say in the holding company because once you have a seat at that table, it is hard to kick your

what will the role for les moonves be? e the ceo and it will be his task to revive the fortunes of the cable network and the paramount studio of viacom. david: a look at the different variations of virtual reality hitting the market. josh: 2016 was supposed to be the year of vr. released aus high-end virtual reality headset, as did htc. those things need powerful computers, they are the deluxe experience. google gained a lot of steam as well for releasing a cardboard thing you put a phone and. it's a cardboard holder for a phone that fits on your face. that gives a very basic virtual reality experience. there is stuff in between. oculus worked with samsung to make a plastic headset that you also put a phone and but has a bit more of the bells and whistles. oculus rift and htc are at the high end. >> is a very expensive devices. you have to spend $1000 for a pc to run with them. the google thing is essentially free. the same something is in between. google released a competitor to gear vr called the daydream view. you can us

that's how powerful les moonves is there. ruth in washington, ruth. >> caller: hello, jim. how are you? >> i am great. how about you, ruth? >> caller: great. i want to thank you so much first of all for educating and helping the small investor like myself. >> well, thank you, ruth. that's the goal. >> caller: you have helped me so much. thank you. >> thank you. >> caller: i have a question about the athletic sector. >> okay. >> caller: i own nike, which is down a little more than 16% year-to-date. but i'm now looking at foot locker, where i see upside movement, and actually today it almost reached its 52-week high. >> ruth, first of all, thank you for those kind comments. we have been pushing foot locker endlessly on the show. why? because we want to have exposure to under armour, which reports this week. we want exposure to nike. and more important, we wanted to that's why that one, i think, goes even higher. unfortunately, fairness has no place on wall street, but patience does. today is proof that while value isn't always recognized, if you're willing to wait, as is the

a potential merger within the company under the leadership of cbs ceo les moonves., details of the next visitor to the red planet. europe's space agency gears up for a crucial weekend of work. that story is next. ♪ selina: 69 years ago today u.s. air force captain became the first person to fly faster than the speed of sound. he was released through the bombay doors of a b-29 aircraft. jaeger filed his rocks it plain over rogers dry lake in southern california, shooting to 40,000 feet and exceeding a speed of 662 miles per hour. witnesses reported hearing a strange bang which turned out to be a sonic boom. in this edition of "out of this world," a european spacecraft is gearing up for the final leg of its journey to mars. at around --the european space agency prepared for a complicated landing wednesday. this is the agency's first probe to attempt the difficult landing since the beagle 2, which finished in 2003. this new rover will test a parachute and retro rocket landing system. it also carries a small instrument package to record wind speed, humidity, pressure, a

i interviewed les moonves from cbs, the natural deal that should happen, not cbs/viacom but cbs/time warner. they overlap with cnn, the things you can do with entertainment -- >> so content and distribution married. >> if all of a sudden you tell us that jeff bukus is actually willing to sell, that could change the dynamics. both sides are look at that. the bad news is the redstone family would like to control the ultimate asset. unclear if cbs and time warner tie-up, if they would have enough of a role to do that. that's the one little wrinkle in this. >> i'm still bitter the doj did not allow comcast to buy time warner. >> that was the deal that comcast didn't really want to do. >> time warner cable. >> oh, there we go. >> i'm bitter about that, too. i'm a time warner shareholder. not a time warner cable shareholder, i'm a user. >> comcast shareholder me. >> but your bill would have went down. >> oh. >> right. that's what i'm talking about that. >> what cable bill? >> exactly. and you get every channel. >> 10 bucks. >> right. >> i want to have the comcast box. >> did you ask les mo

this is about how les moonves navigates field dynamics.his indicates basically they have the upper hand in any negotiation. i think ubs wants to get ahead of perhaps a deal that could be brewing right now that may be brewing by the end of the year. >> as we've reported, of course, both companies now have established the independent committees of their board of directors to deal with what may be forthcoming negotiations, jim. to their point at ubs, i think it is an argument to be made at ubs that cbs is in a very strong position negotiatingwise. perhaps mr. moonves is in a strong position in terms of getting certain things to begin negotiations. both sides have to fire financial advisers, they have their lawyers already working, though, jim, and we'll see. the basic would be, listen, you're going to get enormous potential synergies and cost savings and the question would be what price can you buy viacom at. we'll leave that to them to figure out. they haven't yet begun. >> you know what's also interesting, they have raising numbers, ubs, ta

les moonves, bob iger from disney, big time investor here former head of growth at facebook, we're also mossberg and whether google can take advantage of samsung's stumbles. all that and more coming up on "squawk alley." matters. in, every millisd both on the track and thousands of miles away. with the help of at&t, red bull racing can share critical information about every inch of the car from virtually anywhere. brakes are getting warm. confirmed, daniel you need to cool your brakes. understood, brake bias back 2 clicks. giving them the agility to have speed & precision. because no one knows & like at&t. >>> it's full steam ahead for earnings season, so what are one or two of the best opportunities out there for you? go to tradingnation.cnbc.com to find out. more "squawk on the street" coming up. what's critical thinking like? a basketball costs $14. what's team spirit worth? (cheers) what's it worth to talk to your mom? what's the value of a walk in the woods? the value of capital is to create, not just wealth, but things that matter. morgan stanley >>> welcome back to "squawk on the

. >>> les moonves planning to seek autonomy from the redstone family.edstones are the broadcasters' controlling shareholder. but a potential merger between cbs and viacom, moonves is seeking to gain as much power as possible. i'm sure he's in the driver's seat on this too. the term they are negotiating with national amusements which is the redstone family's holding company are not clear yet. as i said, he's -- i think they need him more than he needs them, probably. he's never really had a hiccup. he's got this rep as being really good. >> although interestingly the two executives of viacom and cbs were oftentimes at the top of all the ceo pay scales. so is he going to be making double if he runs both companies? >> well, maybe. i don't know. >> he'll be up there. >> he'll be up there. >> he will be. >> he does pretty well for himself. >> was it either bill carter's or the other guy, either one you read about moonves and he does seem to have like a midas -- >> no, he has magic hands. >> william peterson who was the big -- i'm dating myself. was he csi or

cbs news chairman les moonves said donald trump cannot be good for america but he's good for cbs. that was early in the campaign and that was an odd admission. in many ways because trump is getting ratings they covered his rallies at a higher pace. if you turn on a tv at almost any point in the day you fell like you're watching a trump rally in a big stadium. he has been built up by the media and now it's a little bit of a step back into reality if he could be your president, i hope voters take notice of that and take a look at it. i agree with the caller on a number of points. >> host: this is illinois a third-party supporter. good morning. >> caller: good morning. thanks for having me. i just wanted to say we have to deeply flawed candidates. in any other year hillary would most likely be losing terribly. unfortunately media coverage, simply the essential is simply been replaced by the trivial in modern media. so that being said, there has never been a time where we needed to hear the views of third, fourth and fifth party candidates. so i guess that's my question, all these thi