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

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

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

cbs chief executive leslie moonves telling fox business he has no plans to make a move for a company.reaker in chief, charlie gasparino, joins us with perspective on all this. before we talk about cbs, how about jared kushner and ivanka trump, any idea how they're being received out there, charlie? >> i would think fairly postively. they're the progressive wing of the trump white house. there is the nationalist wing, right-wing of the trump white house led by steve bannon, traditional republicans like reince priebus. then there is a whole group of, coterie i should say of progressive like gary cohn who actually voted for president obama back in 2008. ivanka trump and jared kushner. so i think this is kind of a, by the way i'm being attacked, i'm being swarmed by bees out here you should know. snakes, there are snakes back there. connell: right. >> look at that. in any event -- melissa: why he goes to the country. connell: don't put me on camera. see a closer shot of charlie. >> i'm glad we're not, i'm glad we're not in florida, i would be harassed by gators. remember when i was here t

we actually -- brian actually asked moonves about the deal and he said he believes that deal despiteeverything from president trump during the campaign that he didn't like the time warner deal because it was too much distribution and his animus at cnn for a lot of reasons. moonves tells us he thinks a look at the regulatory approval in the trunk battle with cnn will not impact the regulatory review. he thinks it's basically the professionals are in place and the justice department antitrust division in the sec check the boxes. he said it's going to have been. there it is. standalone at least for now he thinks at&t time warner is going to happen. back to you, neil. neil: the reception jared kushner is getting with ivanka, i know there is a split. some like trump, others don't. they like the tax cuts, but it falls differently. what kind of reception are they going to have? >> listen, i think they would get a good reception. this is mostly a left of center crowd. media executives, tech executives. the media tech and telecom, all the same these days as you know. these are not strict deli

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

. >> leslie moonves resigning for a long period of time. hard to imagine anybody new.re ceos that will live on for a very long period of time. >> the journal's point is used to be a ceo was a ship captain, right, and the board afforded him or her the chance to turn it around slowly. now you have to be a race car driver and board sent mentality is dead. >> i saw baby driver this weekend. i don't think you want those guys to be like that i do feel -- by the way, great movie. >> was it good >> great acting. a lot of action if you want that but i think that i look at kings, bob and jamie, they are kings. >> nobody is going to question their staying as long as they want >> meanwhile, look at jpmorgan the stock has been pretty good disney has been stalled but, obviously, short of verizon buying them, was that a stupid story, and then i just feel like there isn't -- you know, this -- these are companies that are run by people, that are run synonymously of which the most may be les moonves. >> one without a doubt, yeah. >> these are less jamie and bob. they're kind of like che

. >>> and a live and exclusive interview with the cbs chairman and ceo, leslie moonves in the next fewinutes >>> busy day on capitol hill fed chair yellen returns for a second day of testimony, later in this hour, this time before senate banking her comments on rates sparked the dow's rally to that record high also this morning, senate republicans set to unveil their revised health care bill, and the cbo will release its analysis of the president's fiscal '18 budget. some questions about whether or not the house freedom caucus is going to vote for this, unless there are specifics on corporate tax rates and more >> well, look, i still think that it's interesting that the fed comes to capitol hill and the second comes we're looking at the data, we may do this, do the right thing if it slows down and you have all of these congressmen, we're going to get this bill through, get that ball, we're going to do this, and it's credibility versus lack of credibility i continue to believe that congress will give you nothing in 2017 of substance and i am kind of surprised, i was surprised that janet

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

to see the nfl change things up moonves also told us he's not concerned about the fact that amazon isming 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 "woolly" the true story of the deextinction of one of history's most iconic credit yours the race to resu

their companies, verizon ceo lowell mcadams says verizon is not merging with disney and cbs but lest moonves buying lions gate. also warren buffett, sherry redstone, jeffrey katzenberg and reed hoffman among others. sources tell us that jared kushner and ivanka trump are on the latest attendee list but they haven't been spotted here just yet discovery ceo told me he thinks president trump's lighter regulatory approach will enable more deals >> overall there's less regulation, it's more positive so from that perspective i think that it's likely to be favorable environment for business here. >> but others were critical, including sam altman, who expressed concerns about trump's negative impact on immigration, the environment, as well as tech ability to innovate. and billionaire ken langone who's been a big trump supporter said the political environment was wacky. politics is sure to be top in mind throughout this conference. tom brokaw is hosting a panel called the country divided, and political leaders from the king of jordan, the president of colombia will also be slated to speak over the co

now, coming up in the next hour of "squawk on the street" we'll have an exclusive ceo, less moonves.d this guy isn't out there, aztec titans unite in sun valley we're joined by one of media's top executives leading the charge joining us award-winning producer and show creator ben silverman. an old colleague, previously co-chairman of nbc entertainment where he green lit shows like "the office" and won awards for that he's now chairman and co-ceo of independent studio propagate content and is the producer of apple's music debut tv series, "planet of the apps. there's life after nbc look at you, you're tan, you look healthy, you look good. life after nbc is great, isn't it >> fantastic. >> it wouldn't be good for me. but it's good for you. >> is there something you want to tell us >> no, no, no. i can never leave. anyway, was it a chance when you left i don't think it was for you you knew -- >> this is the third company i've built in having traveled around the world and worked on entrepreneurial activities and building businesses and trying to push the transformation that we're living

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