cbs's les moonves telling fox business a short timing a he has no plan to make a move for the companyo charlie gasparino in sun valley. hey, charlie. >> hey, trish. this is deal maker's conference. a lot of people come here, a lot of ceos, they're all here, from tech to telecom from media. deals in the future. what they want to do. where you see a lost mergers start, right here. sometimes mergers happen. sometimes mergers don't happen. one of the things les moonves, ceo of cbs, despite cbs is always in the rumor mill teaming up with a major distribution outfit like time warner or at&t, or buying something like time warrer, cbs was rumored to be in that mix before the at&t deal was announced, les moonves tells fox business it ain't happening. it is not soon. not looking at any major acquisitions, he sees cbs as independent entity going forward. that is pretty interesting given the climate out there, where you have a trump administration, seen as net positive to doing deals unlike the obama administration, which is whyless actually told us he sees the at&t deal and the, at&t time warner

she sat down with cbs ceo les moonves to talk about the biggest issues facing his industry right now. >> hey, bill the convergeance of media and entertainment giants comes at a time when the television business faces growing pressure from steaming digital video, whether on netflix, amazon, hulu or even youtube and facebook with cord-cutters on the rise but cbs president les moonves says content will remain king. >> as long as we keep doing the content there will be things to replace it a few years ago as the indication market got worse as cable a.long comes netflix and amazon paying amazing prices for our syndicated programming so we've been fine and actually that area has grown for us. >> reporter: cnbc continues to negotiate with directv to be included in its skinny bundle. they do eventually expect a deal to happen but moonves says he's bullish on the rise of the skinny bundles such as those from youtube and houleu. if somebody cuts the cord and decides to go on the new deals, what we have with youtube or hulu are better to us financially. >> reporter: cbs is facing new competition

julia. >> reporter: hey that's right cbs ceo les moonves says despite the rise of streaming video andll those competitors out there that his content business is thriving, both on the traditional side with up-front ad sales coming in better than expected and also on the digital side he says subscriptions to his streaming services both for cbs and showtime are better than projected. >> we're in a very strong position we're getting top retrends dollars, top reverse comp dollars from everybody we're able to sell our content all over the place we look at ourselves as a multiplatform content company. the fact that we would add more content if the right deal was available, we would look at it but frankly, we're playing a very good hand we're in strong shape. we don't feel the need to expand or do anything like that >> reporter: now, moonves dismissed the rumor that cbs is going to buy lionsgate but he did say if cnn became available to buy that they would definitely check it out and take a look at that now, with jared kushner and ivanka trump here in sunvalley arriving last night there's bee

number one came from les moonves, ceo of cbs, said for the time-being ruled out cbs would do anything or acquisition or merger. he believes cbs right now, which is always in the rumor mill for possibly buying something or be merged with something like a distribution outfit like at&t merging with time warner, he said no, we're not doing anything for a while. we'll stay independently. that was a president big scoop. that had a lot of people chatting around here. other thing interesting, believe it or not, the baseball commissioner, rob manfred who is not in miami where they're trying to sell the, sell the miami marlins. that is a big story. we've been breaking a lot at fox business but he was here. we ran into him. we spoke with him. he said there are three bidders now for the miami marlins all in the race. he basically reiterated what we've been reporting is that jorge mast, millionaire miami businessman clearly at table. a group led by derek jeter, former yankee shortstop and tag romney, son of mitt romney, hedge fund manager has a group. there are essentially three bidders what he sa

. >> what we have here, les moonves telling brian schwartz my producer, exclusively to fox business no he is not looking. he thinks he can stay independent. we'll see you how long that lasts. cbs is one of those names keep getting out there to merge up. one of the problems with having deals, listen the trump administration is positive towards deals, right? it is not regulation heavy administration that obama had, we had with president obama. that said, prices of all these companies are astronomical. unless you're a google, or an apple, with a huge currency, lots of cash, or at&t as it is doing with time warner it is very, very difficult to do these deals. connell: right. >> we should point out moonves thinks time warner deal with at&t, will fly through despite president trump's opposition to the deal during the campaign. some of the comment about cnn which is subsidiary of time warner. there you have it. i don't think, i don't think ivanka and jared are making much noise here other than having a good time. by the way i saw ivanka coming in this morning eating my breakfast. melissa: car

from warren buffett to tim cook and entertainment space, les moonves and jeffrey katzenberger is hereyl sandberg, oprah winfrey, it's a who's who. snap's evan segal is here too. although we haven't been able to capture him on video. here's the thing. there are serious topics tackled in the morning, there are panels. they're closed to the press, but what we have heard from the sources they're about economy, science, the environment. sometimes they'll have big speakers come in and in the past couple of years there's a lot of politics. king abdullah of jordan is speaking and the attendees are going to hear from colombia's president, juan manuel santos and then cia director mike pompeo is speaking. while jared kushner and ivanka trump's appearance is raising some eyebrows it's not uncommon to have attendees with political ties. general mcchrystal was here along with prime minister trudeau and then the secretary of defense, ash carter he spoke here two years ago. in the afternoon some go horse back riding or whitewater rafting and there are a number of private meetings. >> haven't they sai

these are companies that are run by people, that are run synonymously of which the most may be les moonves without a doubt, yeah. >> these are less jamie and bob. they're kind of like cher. >> frank. >> how many ceos are by their first name. >> he was the chairman of the board too. >> i know. never a proxy fight there. >> no. >> i think -- >> nobody took him out. >> he would have been killed if he had a proxy. >> that is a fair point as well. >> a nibbling on tech today. >> yes. >> intel -- >> little early. >> helping to lead the dow. >> please, let, you know, let those guys who were selling it furiously on monday, you know, come back. i mean you don't just turn it around on nothing. let them come back let them knock some things down. and then come in but there's been a sense that the turn the algos on and look at the bonds and then immediately buy. so stupid. >> our parent company and we talk about tech -- >> is it down again? >> it's not down, but i mean this stock had been up, comcast i'm talking about right now, you're talking about a significant retreat of almost 10% from the highs in

cbs ceo les moonves, thank you so much for joining us here in sun valley guys, back over to you >> juliawe'll hear from you later on today when we come back, we'll get cramer's mad dash, count down to the opening bell, take another look at the premarket, get to some calls we haven't got ton. an upgrade to ap or snveat stifel that and a lot more when "squawk on the street" continues you know what that was, right? >> i know, i know. you always have the dwoogoods. >> jets and sharks, baby >> doesn't lack like that anymore. they're running around -- >> no, it doesn't. >> i know. i know >> what a great play, what a great movie. and bernstein, the best. >> yes >> okay, david >> don't forget sonheim. >> he was there. oh, my gosh, sonheim >> out of "west side story" into mad dash >> you know target was the revenge of bricks and mortar stifel comes out and says the risks to snap are overstated and they are relishing the opportunity. in this -- there's a subtle moment, a little subtlety in this call. i talked about this with carl yesterday. he tweeted it. the implication was, don't fear the lockup

some remarkable quotes from bob eiger, les moonves, a lot of people looking at perhaps doing productionh him. what has to happen for this to work >> i think they have got to get the right deal and i think from what i've heard from jeffrey directly, he's ready to not only pay the per-minute rate that would be on par with what the best people would make in television and film, but here's something extra. he is going to give these people ownership of their content and in this very fast-moving ott world, that is something that leading producers and creators are looking for. >> so this is to a large degree a big bet on mobile. could you see people watching this in any context on the big screen or rather, i should say, on tv? >> yeah, that is the big question i'm sure katzenberg would love nothing more than for these videos to have a second life in other media, other regions but i think first and foremost it's about delivering on a kind of consumption that just isn't there. >> he's trying to raise $2 billion? >> yeah. he's looking to get that much money because he's trying to get the best cre

the les moonves, it has a disproportionate impact on curbing the growth in trade. you consume more, whether it is public or private consumption. a lot of it is produced locally. thisis still missing from ination is a proper rebound capex. >> for more on the north korean missile launch, we have david joining us from hong kong. -- does this change the conversation around north korea? >> in terms of north korea's advanced technology and their ability to deliver a nuclear missile to the u.s., we can see north korea is making progress as it fired this icbm that it says it can reach anywhere in the world. it could potentially reach the u.s. whether it can actually put a miniaturized nuclear warhead on the tip and deliver that to the u.s. is an open question the moment. i don't think you will find any missile expert ready to say they can do that. in the context of what we have been talking about, the geopolitics, the g-20, the meeting between donald trump and hamburg, here we s2e july 4, donald trump thatook -- has to face up north korea could turn itself into a geopoliti

while cbs' les moonves tells us since cbs is paying over $1 billion a year for nfl rights, they're happyange things up moonves also told us he's not concerned about the fact that amazon is going to be streaming thursday night games he thinks it won't hurt cbs' ratings, and goodell says that he's optimistic that amazon will give viewers yet another valuable way to watch. >> we're very excited about it we think it's going to be a great thing for our fans it's a great platform. it's another way for our fans to engage for the game. and i think they'll bring a great deal to the nfl, to all of our fans >> we'll hear more about the changing sports business and amazon and all these players getting into it when we sit down with casey wasserman he's a sports mega agent he'll also tell us about his plans to bring the olympics to los angeles. guys, back over to you >> all right julia, those agents, parasites all of them. thanks best-selling -- i'm kidding. >> anyway. >> talking about -- >> in case he's watching he loves that when he gets a shout-out. author ben mezrich is out out with a new book "wo