to us. >> i mean, listen, this is a company ripe for updates about what's going on internally, les moonves-- forested out as ceo -- forced out. a company in transition, i guess is the best way to put it, following moonves' exit. we understand that the cbs board or is planning to search for a new ceo as members considered the current interim ceo, the former coo, he's considered a leading candidate. he apparently does have some strong support on the board. i think the stock is moving somewhat on that, but it's also moving on this, that from what we understand there sources inside the company that the cbs board will soon begin to test the market for a potential buyer. and that would likely come sometime after the moonves probe. so we should point out the moonves probe into his, those sexual harassment allegations that led to his departure is still ongoing. i don't have a good time frame when it's going to end other than soon, i've been told. the outcome of that could be that les moonves gets some of his roughly $150 million severance -- liz: is he really going to get that? >> -- or zero. it f

i'm telling you after this investigation is over, after they figure out what to do with les moonves's severance which will be a huge corporate event for cbs, that's when we understand they will legitimately go out and start exploring a possible sale. now, we should also point out these things happen quickly. if someone came to them tomorrow and offered where is cbs trading now? liz: $57.54. >> if someone said we will give you $67 a share -- liz: the annual high was $61.59. >> someone gives you something around the high or a little more, little bit of premium on that, if it happens tomorrow, things happen very fast. the c.o.o. of the company is a very good operations man. he could sell the thing. liz: what are the chances this probe of the beginning, they have interviewed 150 people, might ensnare other executives, the cbs talent executive is on leave for making alleged harassing comments. >> i don't know about that gentleman. i do know this probe apparently is -- not apparently, from my sources in the company, is bigger than moonves and wide-ranging. it's a lot of people. 150 people i

les moonves was and is a friend of mine, and he always will be. and i don't judge anybody.hatever it is, if you do that, it is bad. there is no rationalization or none of that, ok? but if each of us don't remember the kindness of people no matter what their sin, something is wrong with us. look, i am going to be married 62 years in a month. david: congratulations. ken: ok? look, we are still nuts about each other. don't ask me to explain something that is totally foreign to me. how a guy puts a hit on a woman or how he aggressively -- but that is not the point. it is wrong. period. flat. wrong. and if you do it, you should be punished. bingo. that is it. david: and the board should be on top of it. ken: but that is not just the issue. it isn't just -- that is one issue. you know, you want to be ceo for one or two reasons. you want to be ceo because you want to get something done, or you want to be a ceo because you want to say you are the ceo. sometimes people are promoted for the wrong reason, and why? because the people that made the decision like them, or they went to th

of 60 board members appointed at the network after the departure of les nunez -- les moonves. he is leaving because of complications from like cancer. elon -- publications of blood cancer. his musk announced that company will open in less than does the month. unclear what transport must will use -- transport musk will use. the -- health -- that is your bloomberg business flash. david: we turn now to wall street. aboutup, they are all saudi arabia. the first one up, the saudi blackstone discount. blackstone cut the deal with the saudi's as they placed $20 billion to the infrastructure fund. the consulting firm says it is horrified that is report on social media may have been misused by the saudi government. the saudi summit loses its swagger. after sponsors and big names drop, the conference will look very different. alix: joining us is jason kelly. blackstone landed at $20 billion from sally's. -- from the saudi's. what did they give up? >> they gave up a lot of the fees they would normally get to get this massive commitment. equity fund private is roughly give or take $20 bil

les moonves left the board over claims of sexual misconduct. >>> are you scared? earned $77.5 million at the box office this weekend. the best opening ever for a 40-year-old slasher franchise. the film is a sequel to the 1978 classic. the movie earned 80% on rotten tomatoes. it is the second biggest ever opening for horror film behind "it" which had $123 million opening. >> we are not part of the haul. >> i like roller coasters, but not scary movies. >> what does it say about us? i hate scary movies. >>> a former nfl star about to go free after two decades in prison. now rae carruth wants a relationship with the son he tried to have killed. olay total effects. the power of 7 benefits all in one bottle. without costing $100, $200 or $400. enriched with vitamin b3 complex, for beautiful skin. olay. unstopand it's strengthenedting place, the by xfi pods,gateway. which plug in to extend the wifi even farther, past anything that stands in its way. ...well almost anything. leave no room behind with xfi pods. simple. easy. awesome. click or visit a retail store today. ♪

your criticism is fair, but when you look at the ceo's like les moonves being employeesr attacking andes and that type of stuff, this is benign stuff compared to what you see in ceo offices around corporations in america. let's keep in mind smoking pot versus sexual harassment, for example. i don't personally think elon is normal or should try to act normal when he is not. i think the tweet was a mistake and a costly mistake, but far from the worst thing a human could do. it is a hypersensitive environment around tesla. a lot of elon fans like he is a real person -- like that he is a real person at a human being and probably a fun guy, too. some of that criticism is , but we lived fair in a different world today. when you look at how the president acts, and as the president of our nation, elon's behavior seems quite normal. emily: to be fair, we are not comparing his behavior to anyone you just mentioned. i'm asking about potentially defrauding investors. he gerber: i don't think defrauded investors. the sec documents convey he deal.t he had a it was a mistake, and i'm not trying to mi

les moonves left this summer. >>> mike myers is back and scarier than ever. earning the biggest debut for a horror film. "halloween" earned $77.5 million at the box office this weekend. that is the best opening ever for the slash er series. the film is a sequel to the 1978 classic. it was a hit with critics. its opening marked the second biggest opening since "it." i don't like scary movies. >> we are united. >> i'm a baby. >> i am, too. i don't sleep well. i get nightmares. >>> "early start" continues right now. >>> you don't bring a bone saw to an accidental fist fight. >> they lost all credibility as to relating over what happened. >> if the crown prince loved his country, he would not put the government in this position. >> congress not buying the changing saudi cover story for the murder of a journalist. the president calling out saudi's deception. riyadh maintains the crown prince was not involved. >>> a big last minute push for both parties ahead of the midterms. the president and former president and joe biden and others on the campaign trail today. >

he stepped into that role following the ouster of les moonves. replaced by board member straus zellnick >>> dom chu is here with the latest survey of ceo economic confidence >> it's echoing some of the themes we've talked about from a markets perspective all for the last two hours this idea that maybe it's late cycle. maybe other things are developing that's playing out right now in chief executive magazine's reading of ceo confidence. what you're seeing in that chart right now and for listeners on sirius xm, what it shows is the lowest level of ceo confidence tracked by ceo magazine so far this year. and about the lowest level we've seen in about a year's time. >> we should probably point out that these are incredibly elevated levels that you're seeing >> this is what you saw over the course of the past six to nine months was that ceo confidence was higher because of things like the tax cuts and policy deregulation, that sort of thing if you look at the highlights, here's where we're looking there are themes developing. three of them that are th

he was one of six new appointees after the departure of les moonves.said he is leaving because of competitions from blood cancer. one of the new board of counties -- board appointees was named the new interim chair. he is the ceo of take two interactive, publisher of popular video games like "grand theft auto." shares have fallen the most in a dutch health care company, posting profits that missed estimates. it says it wants to redefine its manufacturing output -- redesign its manufacturing output due to trade tensions. >> we are in the good position to have factories in the united states, in europe, and in asia, and we can rebalance load going forward in order to avoid some of the duty impact. besides that, i think we will have to look at raising prices selectively as well as taking productivity measures to offset, for example, these currency headwinds. emily: elon musk has taken a step forward in his vision for the future of public transportation. he announced the hyperloop test tunnel will open in less than two months. the tunnel begins on the side

highest ratings in ten years but i don't think there's any getting away from the idea which is that les moonvesn his heyday when he was at cbs, said guess what very donald trump may not be good for america. but he's great for cbs. that means great for ratings and earnings. >> judge jeanine: here's the bottom line with this guy, stelter. he wants to be the center of attention and he is sitting there telling ten koppel oh, the news business is more complicated than that, ted. really? you can talk about stormy daniels. that wasn't brian's interview. that was anderson cooper. for brian to make himself important, he's basically saying i am a victim. i am a victim of trump. it's a hate movement. you know what it is, what it is, what is our people tuning in to watch the man that has allowed you and a lot of other people to keep their jobs. >> jesse: hear, hear. the great example of media bias. if the top on bondsman at cnn is lying about the president being good for ratings, what else is he lying about? they won't give trump credit for the ratings bump and that's why they don't give him credit for the

gerber: your criticism is fair, but when you look at the ceos like les moonves being removed for attackingyees in his office or whatever you might say, this is benign stuff compared to some of the stuff you are seeing in ceo offices around corporations in america. let's keep in perspective smoking pot versus sexual harassment, for example. i don't personally think elon is normal or should try to act normal when he is not. i think the tweet was a mistake and a costly mistake, but far from the worst thing a human could do. it is a hypersensitive environment around tesla. a lot of elon fans actually like that he's a real person and a human being, and probably a fun guy, too. some of that criticism is reasonable and fair, but we live in a different world today. when you look at how the president of the united states and how he acts, and that is the president of our nation elon's , behavior seems quite normal. emily: to be clear, we are not comparing his behavior to any of the people you just mentioned. i am talking about defrauding investors are potentially defrauding investors. mr. gerber: i

month of october >>> 20 years, that is how long it's been since cbs had an earnings call without les moonvesve to expect tomorrow. >> thanks for having me. >> and the moves being made to replace moonves in the "c" suite. >> and more on the china factor and the trade factor there is impacting your money, and speaking of you, we love you, and we want to hear from you reach out to us on the twitter, facebook, or you can send us an e-mail or letter today but we won't get it today "closing bell" is back after the break. hey, what are you guys doing here? we've been helping you prepare and invest for retirement since day one. why would we leave now? because i'm retired now. so? we're voya. we stay with you to and through retirement... with solutions to help provide income throughout. so you'll still be here to help me make smart choices? well, with your finances that is. we had nothing to do with that, uh, tie. or the suit. or the shirt. voya. helping you to and through retirement. big corporations are making and just got a huge tax break. but the middle class is struggling. prop c is a common-sen

statement parsons said he is facing multiple myeloma he's been brought in as a steady hand after les moonvesced to resign over allegations of sexual misconduct parsons had developed a close relationship with schaar ri red stone who with her father are cbs's controlling shareholders parsons will be replaced by straws strauss zelnick. one of the top priorities will be to pick the next ceo. chief operating officer joe ianello was named chief operating officer last month. >> we'll see you in a bit. thank you very much. >>> cbs is one big stock story here are three others. fiat chrysler is selling to japan's kalsonic philips third quarter profit missing. they're blaming currency head win winds. check this out the new york city police department is pulling 3,000 body cameras across the city after one officer's device caught fire in staten island there is a possible defect with that model which is made by axon they are formerly known as taser. they are working with the police department to investigate. no trade in action xon now. >>> lotto fever. mega millions fever swelling first, retail detail ea

he became german following -- he became the chairman following the ousting of les moonves.ank you. phillips have reported and at adjustment that missed estimates. retreated is target. joining us from esther down is frans van houten, the ceo of philips. thank you for joining us. what a mess, a miss on the third quarter comparable sales. how big of a role he did at the weakness in emerging-market currencies play in here? : a little overn 4% growth revenue which is in our guided range to a 40 basis points of profitability improvement could be a little higher if it were not for currency headwinds of 60 basis points. emerging markets were weak a due to global geopolitical situations. something we will compensate for , ite go forward, therefore will not get us off track. we reiterate our guidance and will continue to grow. while we talk about growth, we had a lever percent order growth which -- 11% order growth which has been going on for year end the solutions and diagnosis interconnected care and health schematics. the dallas children's hospital is taking our monitoring solutio

those would be the natural buyers of cbs because cbs as we have been reporting, once they get the les moonvesome of the management stuff done with, will essentially seek a deal, do something or at least look at potential deals. liz: here we go. >> here's the thing. it looks like based on what you're reading to me, that apple is not going to the purchase route. it's going, like netflix and amazon, it's going to develop its own content. it doesn't need cbs and old media. that's what it seems like you're saying to me. it's a fascinating story. on top of that, you have comcast possibly as we reported yesterday, which this got some notice, a lot of people called me on this yesterday, liz. you know, if they really make a bid to try to buy a majority stake in hulu, comcast would actually have a foothold in that space known as over the top, ott, where people are cutting the cords. cable subscriptions. and you can get your content. so you get your content without the major cable bundle. liz: apple is not moving. >> i'm just telling you, this is a bigger story than moving the stock. this is about apple

alix: les moonves get set of cbs under allegations and still gets a pay package of like $160 million.eone explain how this makes sense? david: he had a really great contracts and i know something about that. that big payout is put in escrow right now, subject to the outcome of the investigation. i talked to somebody in the business recently who will see if he gets that money at all. fair. i think $380 million was the initial package. i get that. this is one of my favorite stories. a fine for violating iranian sanctions, here is the bigger takeaway. they might think twice about doing it again. >> this is a massive story that i think keeps going. and their management kindling must be feeling that as well. another shoe to drop. allegations saying they funneled money through dubai which i think anyone who spent any time, that is shocking. again, this comes as a backdrop. generally, the world has gone away from this. it is less seven appetite. of clout around the world, through the banking system. some people say, be careful. at some point, people will move away from the u.s. and avoid pay

this follows the ousting of les moonves.obal resources raised more than half a billion u.s. dollars in australia's biggest core ipo. shares were sold at four dollars trading is set to stare on october 23. coronado is the biggest producer of coal and decided to list in australia after a string of bankruptcies sullied the american appetite for coal. >> we are approaching midday, approaching the lunch break. have a look at how we are wrapping things up. it has been a while since we have seen gains like this. even the gem index is getting pulled higher. we are on the lunch break in china, but the contract continues to move from strength to strength. some earnings to tell you about. in a couple minutes we will get some numbers on china mobile. just to give you a sense of where we are on the broader market, in japan, 30 minutes into the afternoon session, asx futures aren't doing well. u.s. futures are pushing higher. >> we really erase losses in these outages in the u.s. could be a decent wall street session. in his lights when i

but losing a position -- les moonves got a buyout. >> a lot of them are getting a lot of money. >> yes, but there hasn't been really in accountability. i would like to know your thoughts on that. >> is a fascinating question about accountability in the "me too" movement. my perspective is insured by many in this room. i care far less about, not that i don't care -- my interest is in the woman who are telling the full stories of their lives, experiences and what shapes their personal, professional, sexual like path in this world. and being able to -- my investment is women being able to tell the atruth about their lives.even when that truth reflects poorly on or imperils or complicates the power of those more powerful than them, right? my interest is not, i am very torn about the part about the repercussions of the men. i think one of the burdens put on women is to constantly seek the police and sensor and it works to amplify what is fundamentally the best defense is to cast interference with power as the aggression itself. we see this all the time! this is exactly what we are in the mi

both of these developments on the back of what happened with the stepping down of les moonves's.sonsoration richard stepping down from the cvs board boardo illness -- the cbs due to illness. 155 companies in the s&p 500 will be reporting results coming putting amazon, google, ubs, and microsoft. with jimbo this with geopolitical -- with geopolitical tensions, su keenan has more. su: that the strong earnings we saw in the past, they went long to stabilizing the market. this week is key. let's go to the. snapshot of the market as it closed on friday. notice the vix index, lower from the prior week. that is a positive. we saw a huge inflow of money into these etf's that protect against further volatility. poised to move higher because of the u.s.-saudi tensions. many are concerned it could pressure prices much higher. let's look at the stocks that will be in focus. a banner week for earnings. over 150 s&p 500 stocks reporting. notice caterpillar and boeing. these are two of the international stocks, in terms of their sales, that are right in the bull's-eye of these tariffs. and what

he was appointed after the department -- departure of les moonves.tions from cancer. it is another setback for this week's saudi investment conference. softbank's chief operating officer will not attend in the wake of the death of jamal khashoggi. one possible reason may be concern over u.s. regulatory approval over the pending sale backed sprint to t-mobile. ryanair is putting lands for future share buybacks on hold because of uncertainty over brexit. the largest airline just completed an $863 billion buyback this month. the ceo said starting a similar program makes no sense. the airline also was predicting more european airlines will go bust. >> oil has spiraled upwards and it will be a flight to who has got the lowest cost this winter. that is ryanair. we are seeing bankruptcies. these smaller guys are disappearing and i hope more than disappear because they deserve to disappear. kailey: that is the business flash. tom: thank you. without question, the book of the year in investment is by h. marks. i will have more on that in the coming weeks. blo

its search for ceo take a new turn dick parsons the interim chairman brought on after les moonves was ousted is stepping down for health reasons. julia boorstin joins us now with the fallout. julia. >> reporter: melissa, cbs shares losing over a percent today as the company that's already been through so much upheaval undergoes more changes richard parsons leaves the role as interim chairman, is replaced by take two ceo strauss zellnik. parsons formerly ceo of time warner and chairman of citigroup was appointed as interim chairman of cbs less than a month ago to bring stability, lead the search for a permanent ceo. zellnik, who was just named to cbs's board in early september along with five other directors, does have deep ties to media before he founded video game giant take two he ran music publisher bmg entertainment and was president of 20th century fox as well as running investment firm zellnik media capital. now his first order of business is confirming a permanent ceo for cbs. the front-runner is cbs's interim ceo joe ianello who last week made some bold management changes incl