mr. moonves. the 20 million dollars tha has been a go to group sorting metoo and wen's equality in the workplace, that money is going to come right out of what ey would may mr. moorch moonves. it will likely be negotinted. i suspeche coming weeks when the findings are complete and cbs can really look at the totality of the charges. so there is a lot of legal implications that comes from this review. and i think cbs and the filing early this morning or late last night just made that clear, that they going to put 120 million in trust account and that, you know, will be sealed up until they can figure out how much if any moonves is entitled to. >> there was another legal battle playing out in the background. this one involving the former parent company viacom, sort of a battleor control there. that was settled this weveend. do we hny sense that the board's foot dragging in dealing with mr. moonves and these specific allations, was any of that wrapped up ovethat battle? >> a little bit it was separate

mr moonves denies the allegations, calling the latest "appalling".on accelerated to 2.3% in august. that's the fastest pace since february this year and beating expectations. the producer price index, a gauge of industrial profitability, increased 4.1% in august, slowing somewhat compared to the previous month. interesting to digestive the market news from both china in terms of inflation and japan in term of growth. japan bucking the trend because most of the markets in asia in the red.japan because most of the markets in asia in the red. japan with the news that it it, me is doing better than most people believed in the second quarter is in the green. still dominating the sentiment on global markets is concerned on trade with the heat picking up on conversations between washington and beijing. looking at commodities... the price of oil heading up yet again. plenty more to come on the briefing including a return of cornelia and a look at what is in the global news media agenda. we ask you at the beginning of the programme about the view of the yea r

mr. moonves out there. farrell as well. >> now he's resigned his resignation was already in the works and was already primed this week. last night he said there was a new report and very damaging for le les moonves. women 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 companie

mr. moonves. rightly, they really, now, have serious liability as board members for the simple reason that under a current law, ard members can be individually liable. this is almost inevitable now. makes the percent of 30% more than they would demand is individual and i think it is inevitable that they will come together. the action that mr. moonves as and cbs brought against national amusements in delaware has to be dropped, which it will be. and similarly, the national amusements litigation against thewill be dropped and second in command will run the combined companies until they are sold. isaine: tell me about joe, he a place holder or is he going to be the leader that is going to take the company into the future? porter: that is hard to say since he has been operating under les moonves' theow and he was one of most effective managers in the media industry in this country. second-in-command is a very intelligent, very capable individual and he now has a chance to prove himself. vonnie: porter

mr. moonves would potentially leave the company. he was not suspended and an investigation was commenced. it is still on going people close to that investigation tells me they are moving rapidly as they can they had hoped to potentially completed by the october 3rd date, that being the potential day delegation in delaware we'll have to wait and see when that investigation ends. as for moonves, carl and gyjim, what i have been hearing is he's been focused on the settlement and litigation and not as much typically for a case of a man that's all over that company and takes a look at everything that's been the case for him there is been no senior staff meetings for a long time i had quite a few who have not heard from him and he's certainly not communicating and done the job the same way he has been doing previously. as for ianiella, it is my understanding that he'll take the position and it would be interim position and it is unclear if he'll be replaced by somebody by the outside. remember guys, the reporting yesterday indicate that c

mr moonves has denied the allegations.ket listing of volvo because of concerns over the on—going trade war between the united states and china. geely had planned to list the carmaker this year, but it now feels volvo would be undervalued, and says it will re—visit the plan when trade tensions ease. people want to know when that will be. and also questions about the future for the chinese giant alibaba. jack ma, the boss of chinese e—commerce giant alibaba, is to step down next year. mr ma, one of china's richest men, will hand over the reins. monica miller is following the story from our asia business hub in singapore. and the winner is daniel zhang, currently chief executive at the company and he has been there for around 11 years and helped it to grow from a successful e—commerce site but now it is an entertainment hub and also additional payment service. well mr ma is one of the richest men in china are worth $6 billion and table remain as director of the board until 2020. the online giant is one of the most valuable co

mr. moonves he was not suspended pending beginning of investigation by two well known law firms into thehe broader allegations of culture at cbs and at cbs news and since then i am told mr. moonves has been very focused on his own future, not nearly as involved in day to day goings on as has been the case for an executive that's long been lauded for his ability to pick programming and be an incredible programmer, and deal with many of the key decisions that need to be made at a company like cbs ianniello has been there a long time, the sell of radio and key transis a sort of revenue, decision to cut off time warner, he was also very involved in interesting to see how his appointment is taken i am told interim could become permanent. depends what the board thinks over time. the board is expected to be expanded if they reach that settlement with national amusements. >> potential settlement of $100 million, less than the original pay package, still quite a chunk of change, for a ceo that's been lauded as the man who led a turnaround for the company stock up almost 2% today is that because i

has spiraled with the c saying that mr moonves may be there for another year is thinking he was collectingthings out of his desk we don't know any more than that right now do we know we don't just fox news is the first to report it saying that this i.c.c. filing says that he'll stay on for an additional year ok so that could give the board time to have this law firm do this investigation fear radically but look he's a been this important employer chill guy i mean what does it mean for the company whether or not he leaves this week or in a year i mean things could get really bad i mean i can't imagine that if some of these allegations go forward that they would keep him on for for that time period regardless of what they're telling the f.c.c. he may do at this point what does it mean margot well the board of directors was aware of allegations that had been brought forward to the los angeles police department actually months before the new yorker first reported that six women had claimed sexual misconduct allegations against moonves so really there are big questions here about what the board

mr moonves, who denies any wrongdoing, has agreed a leaving settlement thought to be in the region ofd to organisations that support the #metoo movement and equality for women in the workplace. stay with us on bbc news. still to come: we meet some of the indonesian boys, suing australia, claiming they were wronglyjailed as though they were adults on people smuggling charges. freedom itself was attacked this morning, and freedom will be defended. the united states will hunt down and punish those responsible. bishop tutu now becomes the spiritual leader of 100,000 anglicans here, of the blacks in soweto township as well as the whites in their rich suburbs. we say to you today, in a loud and a clear voice, enough of blood and tears. enough! translation: the difficult decision we reached together was one that required great and exceptional courage. it's an exodus of up to 60,000 people, caused by the uneven pace of political change in eastern europe. iam free! this is bbc news, the latest headlines: the leader of the sweden democrats says his far—right, anti—immigration party will have hu

moonves. new ceo even though interim in nature, would be mr.anniello he has been intimately involved in many of the things that have gone on the last few years, spin of radio, creation of an outdoor wreath one area not involved with really is programming. that's the area that mr. moonves is best known for being so stellar at one would certainly expect his leadership in that regard and others would be very much missed tyler, over to you. >> what does the -- how does the narrative play out if mr. moonves does leave, does it make an eventual combination of viacom and cbs more likely, less likely, neither? >> it's a great question as i've been reporting all spring, the key impediment to a potential deal was his objection to the management of a combined viacom and cbs shari redstone wanted backic involved that stopped their ability to get a deal done. you could argue, tyler, his going away might make it more likely as part of the settlement negotiations, at least as reported by t"the wall street journa journal", there would be a standstill nai would

mr. moonves or and/or mai.feverishly, from what i understand in terms of trying to get both of those potentially done stock keeps going up kind of interesting. to those that it will lead to cbs being sold separately. i don't know why they would think that i would reiterate the idea of the tax ramifications of either one for sale for national amusement and the controlling shareholder. you would be paying a corporate tax. that's the tax efficient way to do it if you're the redstone family some people should keep it in mind. >> a year and a half stance is weird. i don't quite understand it. >> i don't get it at all. >> we'll see where we end up with we'll bring you up to date if we hear anything. >> do people think that moonves was an impediment to earnings? >> no. >> you think it might be ill informed people? >> i think there's a part of it that and the cleaning the slay idea, jim. okay, you know, at least we're going have an idea of what cbs will be again. as i pointed out, mr. moonves hasn't been focussed on th

mr. moonves. bloomberg radio, your morning brief coast to coast. stay with us.he view from the .urveillance let's see if we can get the wiper going. ugly rain. the first sign of autumn. mr. erdogan scheduled to be at the yuan in about -- be at the u.n. in about 2.5 weeks. right now with us, kevin cirilli. the idea is the replacement for mr. mcgann, the president jumpstarting his new legal approach. how will he do that? kevin: it is going to come down to him to put together a team in which he is the leader. this is someone who back in his private citizen days is someone who felt he was his best advocate. he felt he could argue through any type of legal case with him arguing for himself. not going to work on fronts if the democrats take over. who is going to help? kevin: even beyond the legal system in terms of who will help , he has relied on rudy giuliani in terms of him echoing what the president wants to see. you saw this last week, with a response we saw to bob woodward's book and the anonymous op-ed story in the new york times with the president , puttinging

of the cbs settlement and the departure of les moonves david, some reflexes on that and everything else you brought us today. >> we wanted to hear from mr. bakish on the prospect of the future of the linkage between cbs and viacom giving moonves' exit as ceo. also the talks between the two, they could never agree, leslie moonves and viacom could never agree on the social issues mr. moonves wanted to be nowhere near the company bakish wouldn't engage really on the idea of, well, is it worth revisiting now, remember this deal that nai settled with cbs' board on prevents nai from a potential transaction but it doesn't prevent bob bakish from doing so or the cbs board from doing so in terms of trying to re-engage there. nonetheless, he didn't want to re-engage on the idea of it, although he did admit that scale in the current media environment is of importance >> there's no question that scale is valuable. part of what i did when i ran international was create scale there by getting the company to work together. we're doing the same thing here, leveraging the combined assets even our new approach to distribution leverages our ad business in

mr. moonves' response to all of these articles is that he has been admitting to various portions of these saying three of these encounters happened but they were consensual. he wouldn't specify on the record which ones. now, through all of this, he has said we're in this corporate fight, there was a battle ongoing before all of this for the future of cbs and gently tried to insert into the narrative this idea that this is a corporate move. that is not the case. we've done a lot of reporting on these women and concluded that across the board they had no concussions to, and in a vast majority of cases, no knowledge of that fight. >> is it your reporting that other heads will roll at cbs? is this the end of it or other people, one of whom named jeff fa gechlt r, head of "60 minutes," another extremely powerful franchise, obviously, at cbs, that he is implicated as well? >> another way this is bigger than les moonves, alisyn, this is a culture, dozens of women have talked about at cbs where men covered up for each other. jeff fager now runs "60 minutes" and woman after woman described frat ho

mr moonves denies wrongdoing.ffer a catastrophic split unless theresa may backs down over her brexit plan. 0ur assistant political editor norman smith sent us this from westminster. the stark warning from the former brexit minister steve baker backed the party could split over at theresa may‘s plans. number ten have hit back accusing a lack of a plan from the brexiteers after they called to approve some sort of document... that is a problem for you. you do not have a plan?” document... that is a problem for you. you do not have a plan? i think it is rather strange of downing street to claim there is no plan or alternative. they themselves already claimed there is an alternative called wto. the word alternative should be dumped. we're talking about choices that need to be made around the kind of arrangement we need to have with the eu body flexibility is like, what does the change, at the heart things like the backstop arrangement which should never have been accepted by the government in december and is boxing int

just eight hours after the new yorker magazine published allegations of sexual abuse by mr moonves, hees moonves denies the allegations. so who is he? he joined cbs in july 1995 as president of cbs entertainment. he was made ceo three years later. he is widely credited with turning the network around. and is one of the highest—paid executives in the us, with a reported annual salary of $70 million. let's pick this up with our correspondent nick bryant, who's with me now in the studio. you covered the harvey weinstein case from the beginning and this case from the beginning and this case does have echoes of that because you have a very powerful media figure who was felt very quickly by an investigative journalist. les moonves was a giant of the industry as one insider put it, imagining the american media landscape without les moonves is like imagining 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 m

mr moonves denies wrongdoing.d be worth $100 million. but cbs says mr moonves won't receive any money until an independent investigation is completed. the duke and duchess of sussex are to make their first major overseas tour as couple on a visit to the pacific and australia in october. the couple will spend 16 days travelling around new zealand, fiji, tonga and australia, and are expected to attend the 2018 invictus games in sydney, which were created by prince harry. kylie minogue took her fans by surprise last night by calling her old neighbours co—starjason donovan up on to the stage. # now we're back together, together # i want to show you my heart is oh so true # and all the love i have is especially for you! # they performed their 1988 hit especially for you at the concert in london's hyde park. it's emerged that jason had cycled to the show and never expected to be singing with kylie. when they knew he was in the audience, they said, come on stage and join. time for a look at the weather. here's louise lea

mr. moonves's statement? >> sandra: what's the takeaway?> i think the independent cbs directors have taken over with moonves on the ropes and decided to stop trying to do damage control and to be more forthright both in cooperating with journalists like farrow and trying to turn the page on this terrible chapter. if it were not for the doinged reporting of farrow. he exposed the conduct of harvey weinstein, when nbc wouldn't run it when he worked there. we wouldn't know about much of this. journalism gets maligned a lot with some just files indication these days but an example of one reporter and publication staying with the story and the courage of the women to come forward to describe the terrible events that happened to them. >> sandra: les moonves is out. we'll see what's next for him and cbs. good to see you. >> bill: 29 past the hour. hurricane florence barreling toward the east coast and strengthening overnight. millions of americans now in the path of this storm. we're tracking it day-by-day and sometimes hour by hour. florence will

mr moonves denies the allegations.een seriously injured in a stabbing in paris. the men, in theirfifties, were among seven people wounded by a man armed with an iron bar and a knife. the attacker, said to be an afghan national, was arrested. the motive for the attack remains unclear. unions are calling for a shorter working week so that staff can share in the wealth generated by new technology. the tuc‘s general secretary frances 0'grady told its annual congress in manchester that the wider workforce needed to see the benefits of developments in technology such as robotics and artificial intelligence. 0ur correspondent colletta smith is there with the latest. it might sound like an idea that is too good to be true, a three day weekend. but here at the tuc, they think it should and could be a reality within the next couple of decades. it is something they want to aim towards and isn'tjust a pie in the sky idea. the owners of this studio space in cardiff are taking a different view of the working week. staff get a full p

mr. moonves and that's unfortunate. the real issue here is the board.oard is supposed to be representing the shareholders. ironically the cbs stock after the news broke on thursday, you guys broke, stock is up marginally almost 3% in after hour trading. >> the board, six new members leaving, six new members brought in. >> six new men and women on the new board. what's the disposition if you're a cbs shareholder, there's huge liability in the class action suit. i know they're going to go after them what happens to cbs? >> what is the liability isn't there directors and officers insurance >> they have that insurance so it won't hurt them personally. if you're a cbs shareholder you have to say, what is going to happen to this company now this curious anomaly that sherry red stone spoke about, she said for two years i'm not going to affect the continuity. they should be together because they're worth 20 to 30 million. >> she's still pointing at carrie red stone. >> still worried about it. >> have you been reading about jeff bager nchs you bet ronan is the h

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. s moonves 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 see

. >> les moonves, that stock during the period where netflix went nuts, his stocks did nothing. he's mrif that's mr. tv, i want mr. netflix >> yeah. >> listen they bought backup an enormous amount of stock for a long time and benefited cbs from retrans that created this huge revenue source for them that did not exist many years ago that's a while now on that front, there is talk guys that at some point your cable box won't need an an ten ten -- antenna you do wonder of retrans and how sa safe it is and jim, to your point having to spend enormously that got them their name and competeing ting likes like amazon? it is an interesting time when it comes to content. >> speaking of amazon, the senate commerce committee had a statement out, september 26th, they'll hold a hearing on consumer data privacy and the witnesses including reps from at&t, twitter and google again and apple and charter. >> who do you think alphabet won't send this time they got someone there i am sure i am sure they got someone deeply involved with how to plug in a vcr >> that was my laugh of the day right there jim. sp

mr. moonves is leaving have you spoken to him at all recently >> no, i haven't spoken to les i think thetion of is it a done deal probably is better answered by les more 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 opportuni

mr. moonves is going to be clear walking away with anything when it comes to comp they have cleared the air with the controlling shareholder cbs of nia >> let's talk about the remake of the board here as five members leave, six ones added and a lot of names our viewers are familiar with, just to name a few, parsons -- >> it is inclusive as part of the settlement, we were talking about it last week, a year and a half but ended up this sort of two-year period where you would need two-thirds of these independent directors to approve of any deals with viacom and, nia is not in the position to propose any deal. people should look through that for a second if name that you just mentioned whether it is parsons are well aware of the landscape of the media that it currently exists it is not in conceivable given your talk of two companies already agreed of an exchange ratio of forward deal. we would benefit from a link up with viacom and so while nia is not in the position to propose it, overtime perhaps there may be a willingness in the part of cbs director to consider it and viacom can decide it ma

mr. moonves jim joins us now post nine to explain. you've been on it, you're still on this story.ht okay, there's no way he'll see that money at the end of this investigation, jim because it will prove he did, in fact, do these things but you point to something a bit different in terms of what has to be proven. >> exactly it's kind of mind-boggling that under the circumstances you would pay somebody this kind of money given there have been 12 women that came forward but you look at ceo contracts, they were carefully written and he gets that money unless he's fired for cause. cause doesn't mean allegations of sexual misconduct, it refers to violations of cbs policy but that means any of this stuff that happened before he came to cbs is irrelevant and has nothing to do with his contract so the other key provision is did he fully cooperate with any internal investigation that will be the key thing did he tell when asked about these incidents, the relevant incidents? and the big issue here is what was he doing was he trying to get a job for somebody who had come forward threatening to

mr. moonves, could get exit of $100 million parting executive package. until an investigation looking into those allegations is resolved. jeff fager facing similar charges of misconduct in that area is out. we have the dow doing a whole bunch of nothing right now. trish regan to take you through that. trish: we're watching all of this very, very carefully. thank you, neil. the fed is releasing, set to release seconds from now, brand new report on health of our economy. you can see the dow is waiting anxiously on that report. it is going to give us a sense how we can gauge how the whole america first agenda is impacting our economy. of course we, are getting lots of threats of tariffs from the president. how much of that is affecting the economy right now? i'm trish regan, welcome, everyone, to "the intelligence report. let's go straight right now to washington, d.c. to jennifer schoenberger at the fed. >> trish, concerns about tariffs were widespread across businesses not just manufacturers in august. in some cases, some companies in some districts optin

mr. gordon who was seen as a moonves' supporter >> he reported that line, i don't care if 30 women come forward>> the board of cbs changed dramatically i am taking a look at it and parsons and redstones. you got independent director galore the question for cbs is what's going to happen with ianiella. >> okay, we'll go to president trump right now who's speaking >> i just want to see venezuela straighten out i want the people to be safe we'll take care of venezuela we'll take care of venezuela what's happening in venezuela is a disgrace if he's here and he wants to meet -- i don't know, it was not on my mind and on my plate if i can help people, that's what i am here for >> are you going add to protect your allies in your region of the border of columbia >> our allies are in no trouble. we are with our allies we are with our allies 100%. they have no problem we met yesterday with columbia, they had a great meeting with columbia, we met with numerous with our allies and they are absolutely in no trouble i look forward to meeting him again. we don't have anything set but i look forward to meeting

mr. steve forbes who has a thing or two to say about it as well. also breaking today, les moonvess out at cbs following more allegations of sexual harrassment. our own charlie gasparino breaking this news and he joins me straight made. first, kevin corke is at the white house where the search is on for the writer of that anonymous "new york times" op-ed. hey there, kevin. reporter: always great to be with you, trish. as we await the 2:00 p.m. press briefing. we haven't had one in 19 days. as soon as sarah sanders steps up we'll bring it to you on fox news. this has kept the white house to be blunt, white hot about the op-ed. i want to share a little bit with the folks at home. give you a sense what they're thinking here at 1600 pennsylvania avenue. there is this idea may be somebody inside of the administration, who may, repeat, may have written that piece which makes finding them all the more important especially if they have a national security portfolio. there is notion, maybe "the times" did this to sow discord and dissension and fingerpointing inside the administration. to he

mrs. redstone herself i'm sorry miss redstone. forgive me. the biggest obstacle was les moonves.tempted to dilute the voting power of the redstone stock, they own 79 percent of cbs. when they attempted to dilute that, it resulted in litigation. a federal court in new york city. a trial was to begin next month. the cbs lawyers and redstone lawyers tell the judge, we want a two year cooling off period. two years? they will settle this in two weeks with les moonves gone. a big win for her. my opinion, she will personally choose the next ceo. >> maybe that is one of the reasons why the stock of cbs is down this morning. maybe. >> and think it is down, you know better than i but i think because of the uncertainty. how much are they going to pay, what else will come out?some of the allegations reported on are too horrific to recount on air. >> yes, they are. >> some of the worst i have heard.how these things stayed below the surface for so long is beyond me. >> judge, we will see back at the 11:00 hour. thank you, sir. president obama. he is back on the campaign trail and trying to tak

the wife of fired cbs executive les moonves, now set to leave her show today, as her husband faces sexual misconduct allegations. >>> and a marvelous night for "mrs. maisel" at the emmys. "game of thrones" reigning supreme. and henry winkler, the fonz, taking home a trophy more than 40 years in the making. but the biggest winner of them all -- >> i want to call you my wife. >> what the couple at the center of this show-stopping moment is telling "gma" backstage. >> good morning, america! we're engaged. >>> and we do say good morning, america. wasn't that such a sweet moment? oh, such a talented couple, as well. >> yep. they met working on the tonys. they have been together for more than a decade. she says she had no idea that that was coming. you can tell. can't wait to hear what they told lara backstage. >> she may not have had a choice. she seemed to enjoy it a lot. we eat -- we'll get to that later. >>> we begin with the supreme court showdown. the president's nominee, brett kavanaugh, and his accuser, both invited to testify on monday. everything on the line for kavanaugh. a huge test for president trump. terry moran starts us off from the su