media,ia betting on big nbc universal investing in vox media. china is trying to restore calm two days after that surprised evaluation rattled investors. intervention has driven dramatic moves across the board, especially in emerging markets. matt: with a fed right hike on the horizon, markets from brazil to turkey could be in for a rough time. hike on the horizon. let's get your take on the fed -- a lot of people are speculating that china's move is possibly going to push janet yellen's rate hike back to december. do you think it will go in september or wait? -- themarkets have been fed will start very soon to increase rates. that will have an effect in financial markets. fortunately, in the case of emerging markets, there has been a lot of time to prepare for the first hike. there is uncertainty about the pace and the endpoint, but the initial hike should not cause that much trouble across the board in emerging markets. mark: what has been going on in china over the course of the past week? will that cause the fed policymakers to rethink the t

it owns brands such as news hub, rocks.com, the verge and reports say nbc universal is also close to investing $200 million in buzz feed. it has also expanding into journalism. that would value it at $1.5 billion. comcast, the parent of nbc universal are down 1% in europe. >> here's the headlines, the death toll from the blast in chinese port city tianjin reaches 44. vice president biden found out his support system for a presidential run. worldwide exchange, we're back in two. ♪ no student's ever been the king of the campus on day one. but you're armed with a roomy new jansport backpack, a powerful new dell 2-in-1 laptop, and durable new stellar notebooks, so you're walking the halls with varsity level swagger. that's what we call that new gear feeling. you left this on the bus... get it at the place with the experts to get you the right gear. office depot officemax. gear up for school. gear up for great. from bank of america to buy a new gym bag. before earning 1% cash back everywhere, every time and 2% back at the grocery store. even before he got 3% back on gas. kenny used his ba

. >> other media news going on, nbc universal investing $200 million in vox media. owns tech blog recode and espy nation. it hopes to build a partnership that involves collaborating on editorial content and advertising technology. a yununit of nbc. nbc a unit of comcast. we should also tell you there is speculation around an additional investment in buzz feed that would value that company around $4.5 billion. we'll talk about that in the next hour. but the other big buzz stories, u.s. authorities launching an investigation into the former chairman of dean foods. tom davis is now suspected of leaking confidential information about a corporate spin off to professional gambler billy walters who is believed to have tipped off phil mickelson. just a week ago he abruptly re-signed as chairman of dean foods last week ahead of the company's earnings. there was no great explanation as to what was going on. this may be that explanation. >> a long wait s. about a year. >> a year ago there were clorox and dean foods if i remember. >> right. >> they were somehow trying to connec

reports say nbc universal is also close to investing $200 million in buzz feed which would value thatompany at about 15 billion. comcast, the parent of nbc universal and cnbc right now down by around 1.62% in frankfurt. >> shares slumped after the group reported a drop in first half profits on lower power prices. the group says it's doing all it can to keep cash flow in the positive zone. joining us on the phone is the cfo of rwe. a very good morning to you. thank you for joining us. margins in the conventional business really coming under pressure in this set of results. talk us through that. >> yes, fwoorgood morning. the marginal decline effects us like all other players with northwestern european generation prices and generation spreads so we see a significant decline in our earnings compared to last year that was anticipated and that's the reason why overall as a group we maintain our guidance for the full year for all kpis like operating results. >> maintaining the guidance for the full year. the share price is off sharply today. let's expand more on that issue. your industry pu

they were successful in acquiring nbc universal from ge in its entirety. first they bought 51% and then the remaining 49%. they are not only the biggest distributor of content in the u.s., but they are also one of the biggest content companies through nbc universal. they are also very adept with technology. they employ thousands of their own engineers, in addition to working with some of the best technology companies, like aeris. they bought motorola. then aeris bought that unit from google -- so comcast not only developed its own technology but also worked with technology leaders. so you would certainly have to put comcast at their, but it is a very competitive market. people to realize how competitive it is, although you certainly have to wonder if there is sufficient competition, especially in high-speed internet area. mr. slen: you will list disney has immediate kingpin, especially with regard to sports. yes, disney is one of the sports giants. espn, which iswn one of the big sports but they also own disney and all the associated channels, which are in

in a statement, nbc universal president steve berg said fallon has been an important member of the nbc universal family for 17 years. >> i'm glad he's sticking around. that's fantastic. like him a lot. >> i love him. >> we l e jimmy. we love him. all right, we love this weather, don't we? >> mm-hmm. >> do i get an amen on that. >> two thumbs up. >> two thumbs up. yeah, it's really nice out there, definitely. temperatures across the area today into the low to mid-80s. the humidity is still low, so that's always key, of course. we're right on target today for an average daytime high. that doesn't happen often in august, with a high of 83 degrees in central park. of course, we've been telling you about the heat that's coming. it's waiting in the wings. it will be here soon enough. 85 today in newark. 83 in bridgeport this afternoon. laguardia, 86. and islip with a high of 83. so tonight will be cool again. many areas north and west wer e in the 50s again overnight. so very comfortable. no the temperatures and humidity begin to inlrease tomorrowe and the hazy, hot, humid dog days of summer

matt: nbc universal knows what is going to happen -- invest $200 million.ill get joint programming with you? jim: absolutely. we are excited to collaborate on programming. they have a huge expertise and video. we look forward to exposing one another's programming to one another's audience. our brands and categories tend to align very well. we have a big brand called espy nation. whether it is that were recode x.com, great or vo alignment with cnbc, nbc news, lifestyle brands like bravo and sci-fi. there is great opportunity to expose one another's programming. there is opportunity on the advertising front as well. looking for skill, but premium audiences and premium advertising. both companies are able to provide that and by joining forces, we can increase the scale and increase the platforms. matt: can you give us 18 specific example -- one specific example? jim: we have not nailed the details. the ink is still drying, but that is the kind of thing we are certainly talking about. whether it is segments or shows or corporate actions -- coproductions. erik:

nbc universal, like cnbc, which produces this program, is owned by comcast. chinese solar panel manufacturing trina solar quadrupled thanks to stronger global demand for solar. the company also raising its full year shipment guidance by as much as 16%. shares initially surging higher in premarket trading and closed the day up more than 1% to 10.33. >>> two-year contracts are going by the wayside and the subsidies that make buying the smartphone cheaper. at&t is the only nationwide carrier to still offer those longer contracts. sprint's ceo says it's a way to keep up with the changing nature of business. >> the 199, that is the thing of the past. the industry has changed. consumers used to pay 199 for a phone but paid a much higher monthly fee. i think one of the great things about the industry, we have them bundle it. >> the senior editor joins us now to discuss what this really means for you and what everybody must be asking, dan, is, net, net, in the end, when i'm through with it, is it going to cost me more to buy a phone and operate that phone under a no

nbc universal also invested $200 million in vox media. that's a lot of capital to spread around.t's interesting to me, both of these companies, buzzfeed and vox media have invested in some of the infrastructure of the digital experience. and vox's case, their content management system, you can see it on the verge, is just beautiful. it's fast, and buzzfeed's case they've managed to figure out how to tune for just about any social network, figure out what's playing well and enhance the site for that driving traffic. these investments don't always pan out into being something that works in the long-term. but interesting that nbc universal is choosing to put money into these two. >> indeed on day where wells downgrades disney and cbs and fox. because the value continues to shift away from distribution and into content. and if you don't have that content to back it up, if you're heavily leveraged overseas, if you don't have a lot of live programming, you've been hurt as people who cut the cord or shaved it. europe is going to close in about five minutes. simon hobbs made it to post 9

this allows nbc universal, which is, of course, cnbc's parent to have a stake in digital advertising,, a fast-growing area. digital content. and then, meanwhile, this gives vox some cash so they can continue to fund their growth. and i'm sure doesn't hurt to also have nbc universal in its corner in terms of some of the strategic advantages. back over to you. >> sure. a lot of familiar names there, l actually, and the internet space. we'll let you get back to news corp. results. >>> a second day of currency intervention in china. meantime, scaring investors, again. but stocks as you saw staged a major comeback. let's bring in cnbc contributor rebecca patterson. rebecca, it's good to see you, and break the tie for us. we have half the guests arguing this is an overreaction and half saying we don't fully appreciate how dramatic the slowdown is in china. >> i do think the next few days are critical. if we continue to see china letting its currency depreciate for the next few days, that could create fears this is a major devaluation and you could have a greater risk of a currency war of so

comcast nbc universal is making a $200 million investment, at $2 billion.there is great opportunity to expose one another's programming. there is also opportunity on the advertising front as well. marketers are increasingly looking for not only scale by premium audiences and premium advertisement. by joining forces, we can increase the scale and the platforms. betty: in this range bound market, investors are hungry for growth. when they find it, they are happy to pay off. shares shot up higher, more than 25% after results showed rapid sales growth for wayfarer -- way fair. ceo: home is a $250 billion retail market in the united states. as it is shifting online, it is about 8% online. we think it will be a big winner. we are positioning ourselves and our growth is showing we are trying very hard and we are having some success at being the winner. betty: today, they reported a loss that was bigger than expected. big expansion plans in the future and looking to raise money, offering 2.1 million shares to the public. it will raise at least $500 million. mark cr

nbc universal invested the same amount in box media.hat does it mean for the future of digital media companies? keith, $200 million is a lot of money. i hope buzz speaking keep it out. guest: buzz feed has been innovators in bringing to digital content to the world. it is the new way things are going to operate. nbc was smart of making this investment. this is the future for ways you reach millenials. emily: you see buzz feed forming partnerships with universal, yahoo!, everyone is trying to figure out how to get people to see their stuff. guest: a lot of these platforms, they have aggregated big audiences. smartly, a of new media and new wave companies are integrating and doing partnerships because they can tap into that distribution quickly. emily: who gets the better end of the deal? guest: it is the rare opportunity where it is for both. they get a great valuation per they get to work with an old media player. for nbc they get to be nimble during a time when the media business is changing so rapidly you have to find ways to innovate

in a statement, nbc universal president said fallon has been an important member of the nbc june ver sal family for 17 years. that's it for news 4 new york at 11:00. "the tonight show" straight ahead. >> steve: from studio 6b in rockefeller center in the heart of new york city, it's "the tonight show starring jimmy fallon." tonight, join jimmy and his guests -- paul giamatti, alicia vikander, musical guest robin thicke, and featuring the legendary roots crew. >> questlove: 312 chicago. >> steve: and now, here he is, jimmy fallon! [ cheers and applause ] >> jimmy: oh, hey! oh, that makes me feel so good. hi! welcome, welcome, welcome. everyone, welcome to the "tonight show." here we are, everybody. you made it. [ cheers and applause ] you're here. this is the best. thank you. welcome. well, here's what everyone's talking about. of course it's the courtroom sketchof tom brady. [ laughter ] have you seen this thing? tom brady went -- tom's a a football player, the quarterback. >> steve: right. >> jimmy: he's amazing. he went to federal court over yesterday over the "deflategate" suspens

next, vox media is now worth more than $1 billion after an investment from our parent company, nbc universalar from the vox ceo next. >>> mild action compared to yesterday. let's get the santelli exchange in chicago, hey, rick. in this day and age of immediate gratification, it's something to ponder as to how hard it is to get quick fixes on true value. especially of a currency, yuan whatever you want to reference it as. the chinese currency. especially considering all the internals there. the liberalization going on. the thread or the excuse, in air quotes of why some of this activity is occurring. i think it's more about timing, we know what's going on timingwise, with the chinese economy. you have onshore values, offshore values, even though the spread is coming in. what do many of us still like to talk about? i do and i'm guilty. but you see me using charts like the yen versus the yuan, the pound versus the yuan. the south korean versus the yuan. why do we do that? because the dollar index is great. because many thought that the world power that we were going to be most concerned with, e

>> it's also an nbc universal production. first look at msnbc. too early" starts right now. >>> it ain't about me. it's about ideas, bro. new ideas. people with ideas. people who believe in truth. and, yes, as you probably could have guessed by this moment, i have decided in 2020 to run for president. >> mtv puts on an awards show from kanye's epic rant to host miley cyrus for out ranls costume changes. >>> new iowa poll puts bernie sanders within striking distance. will 2016 be the year of the outside candidates? >>> plus -- >> popcorn with movie. >> i'm getting ready to watch a video. >> really? what? >> just some scary movie. >> do you like scary movies? >> uh-huh. >> what's your favorite scary movie? >> i don't know. >> you have to have a favorite. what comes to mind? >> we'll look back on some very scary movies as we remember the life of iconic horror movie master mind wes craven. it's 5:30 on the east coast, 2:30 out west and this is "way too early."

nbc universal is investing $200 million in vox media as it looks to attract younger viewers. >>> appleing with app developers to making the ipad more appealing to business customers. sales of the once-popular tablet have dropped in the past six quarters. apple has never been a big player in the workplace technology. the $2 trillion market. dara, back to you. >>> just ahead, the player that got kicked off the jets for punching the qb in the face already has a new team. >>> plus they don't teach to you make these kinds of catches in little league. the baseball play everyone is going to be talking about today. that's coming up in sports. ♪ ♪ ♪ ♪ geico motorcycle, great rates for great rides. i think it's timee shade of to change it up!rs. goodbye, red. hello, golden blonde. shifting to a new shade is sort of a new beginning, but i knew it was going to be natural because it's nice'n easy. clairol's #1 for natural looking color i don't know if blonde has more fun, but i plan to find out. now you can earn free color with clairol platinum rewards >>> this morning on "today," just in time for

hulu is co-owned by nbc universal fox and disney. sam and laura, back over to you. >>> cooling down this week. bluebell returning to some grocery store freezers later today. this comes months after a national recall for listeria concerns. the texas-based company is rolling out its products am this five different phases. starting today four flavors will be available again, vanilla, dutch crock lat, cookies and cream and the great divide. >>> it is 4:49. leaders in santa rosa apparently plan to look at the torny issue of rent control. in june they narrowly shot down a plan meant to stabilize soaring cost. the press democrat reports they are holding a public forum tomorrow and what it might take to get a better rent control plan in place. >>> tom brady and roger goodell expected back in had court today for the latest iteration of the deflate-gate saga. brady is suing the league over his four-game suspension. all of had this stemming from his role in the team's use of underinflated balls in the patriots win over the indianapolis colts ba

captions paid for by nbc-universal television >> announcer: sunday night football. primetime tv's number one show. >> celebrating the tenth season. >> drew brees one of the records for the ages. oh, my goodness. >> sunday night is football night only on nbc. >>> it's hall of fame weekend in canton, ohio, and the 96th season in nfl history is about to begin. all eyes are on those wearing gold jackets. while around the league 32 teams are preparing for a chance to play in a golden anniversary super bowl. tonight the pre-season kicks off and we honor eight men whose careers were so brilliant,

shelters around the tristate area taking part in our clear the shelters pet adoption initiative with nbc universal. it's not just us, but also our telemundo stations participating. actually, more than 19 markets across the united states and puerto rico are taking part in the clear the shelters effort to get these animals adopted. there are so many thousands of upon thousands of -- even millions across the country of animals that are available for adoption. and this weekend, tomorrow, is our big initiative, tomorrow you'll be able to have many incentives to adopt the pets. they'll be waiving some of the fees and also fees that you have to adopt the pets, as well as spay and neuter them. and all sorts of other things going on. and we're going to tell you more about that later, a little after 5:30. we want to show you some of the pictures of the adorable kitties available for adoption this weekend. we'll have dogs on too in a few minutes. now let's do a little weather. the big news, of course, is all about the heat, so let's talk about that. that's coming our way. right now it's 85 degrees in central

the 2016 summer olympics are coming to rio de janeiro next month and comcast nbc universal is six actingd at sales expecting them to exceed $1 billion. tv ratings can also benefit from the time zone. it's an hour ahead of the eastern united states. next half hour. it is the age-old debate, harvard or stanford. now a new startup promises to give you the magic words you need. amplify snack brand. the new york stock exchange. president obama delivered a vigorous defense of the nuclear deal today. it to president said that if congress fails to approve the agreement, it would be a historic mistake. obama: nuclear material is not something you can hide in the closet. if iran cheats, we can catch them, and we will. >> does the white house believe that it got the message out today the way that it had planned? >> the president made all the points that he wanted to. repeating the mistakes of iraq and it is possible to support israel. of hold upll kind over the next five or six we. and that is the $64,000 question. the president believes the rest of the world does support his agreement with the exc

nbc's universal unit has broadcast rights.ips by nike, procter & gamble, kellogg's, and coca-cola are already lined up. the national hockey league is getting a helping hand from the summer game. the company will run the nhl network and hockey's streaming services -- mlb's tech arm. brendan: they did the streaming for the world cup as well. they know how to do it like nobody else does. tom: it is huge what they are doing, and not just sports. they do "game of thrones" on hbo now. it is major league baseball doing that. this is your future. martin: it is certainly one of the things we have to think and take heavily into account to change. i said to you in the break, measurement has got to improve as well because the old linear media, the hyperbole is too hi new media is too low. tom: brennan, get us started. brendan: the sec meets to vote on one rule from the dodd frank act, now five years old. disclosing the ratio of media pay to ceo pay. this is not the rule right? you could write it down in a paragraph and understand why it t

owned by nbc universal, blackstone group, and a and k option is to sell only the business that has alue than the cable channel. two days ago, netherlands, a dutch artists celebrate george orwell's verse desperate they are they put on their best -- best birthday hats. george orwell is best known for the book 1984, a dystopian society. say they want to create awareness of how many cameras really watch us nowadays. surely, they do not have that many hats. those are the top stories we are following for you this hour. i want to start in asia where there is red across the board. payei fell by more than .9% the shanghai composite dropped by 3.5%. andhang seng is down today 20 percent since its april peak. it entered a bear market again. this report was filed from hong kong. >> it is not funny that sounds like particularly good news to say the least. how could it be anything but the opposite? it is the average level of the index closed to dropping. this is something that happened six times in the past 10 years on the hang seng. every time it has occurred, hang seng has fall than average of j

even though david kenney gave the nonanswer, the owners are blackstone and nbc universal.re going to be sold, does the fact of life. the idea here might be that you pay -- the businesses have shifted so much that the channel itself is actually the lesser of the businesses. the digital and the data are worth significantly more than the tv channel, which is an independent tv channel and -- ifndent tv channels you're are not a must carry like the weather channel -- you are a lot weaker than you were seven years ago. >> we look at it at disney. years ago, 2008 when they sold it. if we had bought it, we were going into news. we didn't believe there was a lot of growth in cable at that point. we thought digital hub and underexploited at that point but we weren't sure we can monetize it. it is hard to get a motor on that business. betty: no one knew at that time those videos would generate that much money. when they were putting out the viral videos. it was in its early days. there was no buzz feet, right? >> but now you can't get a corner on that market. there is no motor runnin

ups owners, blackstone come in capital and nbc universal have reportedly held talks with media tech companiesut buying its business. they have hired morgan stanley as pjt partners advisors. i asked if the company would eventually be sold. >> are onerous really like our plan pick we have a growing business, a lot of innovation. , thenk in the long run operators need to make a decision on each channel. i don't know where bundling will end up. it is a good value proposition on her own and we are focused on that. joining us now is alex sherman and david westin. great to see you. this is your debut on bloomberg tv. let's start with you on the details of this. what do we know so far? alex: we don't know that much. we know a lot of companies have been pitched. i don't know if any of them are interested at this stage. think about all your general type companies, your cbs of company in your google, yahoo! type of company. none of these players are particularly interested in buying this. even though david gave that nonanswer, the owners are b ain and blackstone, you will be sold. that is the game. paid

nbc universal looking for the secret to attract younger audiences.g to an million dollars in -- $200 million in buzzfeed. the two companies will explore partnerships. mediavested in vox recently. i want to bring in paul sweeney who joins us from princeton. how does this lineup with nbc and comcast's strategy overall? missed out on its big acquisition of time warner cable. they're looking to double down in the cable business. they have stepped back from the m&a environment but have recently reemerged a little bit, focusing on digital media. vox00 million investment in and now the investment in buzz feed is indicative of what they are tentative. they are trying to target the younger demographics who are getting more and more of their content online. is trying to get some greater exposure to digital advertising, the fastest-growing advertising stream out there. scarlet: in terms of digital media's profitability, how much money is nbc getting? paul: a lot of these companies are in a very early stage. vox has established themselves well, in the news busin

they were successful in acquiring nbc universal from ge in its entirety in two steps. first they bought 51%, then the remaining 49%. so they're not only the biggest distributer of content in the u.s., but they've also one of the biggest content companies through nbc universal. and they also are very adept with technology. they employ thousands of their own engineers in addition to working with some of the bigger technology companies like -- [inaudible] who bought general instrument, previously texas instrument from google. yes, that's right, ares bought that unit from google. so comcast not only develops its own technology, but also works with technology leaders like cisco and many others. and so you would certainly have to put comcast up there. but it's a very competitive market. i think people don't realize how competitive it is, although you certainly have to wonder if there's sufficient competition especially in the high-speed internet area. >> host: you also list disney as a media kingpin, especially with regard to sports. >> guest: yes. disney is one of the conte

nbc universal is looking for the secret to attracting younger audiences.onfirmed it is investing $200 million in buzz feed -- a digital the oh site aimed at mainly millenials. nbc says the companies will explore partnerships. recently, they invested another site called box media. and the force will be with you on japan's largest airlines this fall. all the pond airways will fly 787 dreamliner's painted with the image of the famous robot drum star wars, r2-d2. two other planes will also be decorated in a star wars motif as part of the hype surrounding new star wars the films scheduled for release in december. those are your top stories at the moment. europe,are closing in so for the latest, let's go to elliott gotkine in london. elliott: a selloff in the wake of the chinese yuan devaluation. you can see gains in spain, gains in austria and the benelux countries. the clients france, germany and the u.k.. expect prices to be stagnant. the pound making gains today. a sick materials one of the big decliners. still suffering along with oil prices. there are some

comcast, nbc universal is expecting record advertising sales. they expected to his.lion dollars, including sponsors like nike, procter & gamble, and coca-cola. television ratings should also benefit from rio's time because it is one hour ahead of eastern daylight time. the national hockey league is taking a page from major league baseball when it comes to digital operations. the nhl has signed a six-year agreement with than text -- with ch.te those are your top stories. coming up in the next half hour, we've got much more, including one of manhattan's most famous residential buildings the subject of a new book. we are talking about the dakota, how it has stayed at the top of the real estate market for over century. at 3:10 p.m., regulators will need to force companies to disclose more on how their average workers are compensated compared to top executives. all that coming up on bloomberg market day. shares of motorola are up after silver lake invested $1 billion in the company. the only news out of the company today. guest: we have three different announcements you t

comcast-nbc universal acquired the weather channel for about $3.5 billion. in 2008. troon for investors get a look at hewlett-packard's latest results after the logo above. weaker numbers compared to a year ago. hp's exclusion to china and the market have a huge headline. that will also be in focus. investors listening for an update on the planned spinoff for enterprise operations due in november. the other hp business will sell personal computers as well as printers. sandra: coming up, maybe it was inevitable the wake of the violent attacks the largest food chain has started checking bags at the theater. in sports, the baltimore oils did something they haven't done in six years. we will tell you what they did and how they did it. we'll check the u.s. stock futures with the dow looking down again today especially after the minutes from the fed. we will look and what it will or won't be coming up in the news. ♪ it's more than a network. it's how you stay connected. with centurylink as your trusted technology partner, you get an industry leading broadband network and c

an investor group lead by nbc universal took it private in 2008 for $3.5 billion. >> prosecutors in california broadening their civil suit against uber filing a newcomb pla -- new complaint on thursday. they say that several criminals passed the company's screening process and were driving for uber until they were cited for providing illegal rides. safety is a top priority and no screening system is flawless. >> still to come on worldwide exchange, a big week for retail results. find out who are the big winners and losers. that's coming up. plus i want to draw your attention to european mashlths. the dax down 104 points. now trading at the lowest level since the end of january 2015. down 1% in today's trade. we'll tell you how futures are also trading. now down 160 points in premarket trade. we could be in for a tough session on wall street. more on today's trading action coming up. you're watching worldwide exchange. >>> let's first start with the markets. fed minutes indicating no hike in september but the fomc maintains we're still approaching higher rates. u.s. future right now pointing to

comcast nbc universal is making a $200 million investment. they will create a partnership to help the network that are connect with younger audiences. they valuable millennial them a graphic. those are your top stories. markets, story in the no question it has been currencies. the surprise shocked the valuation by china led to germanic moves across the world -- dramatic moves across the world. scarlet: global stocks took a hit but recovering a bit today. the u.s. modestly down. joining us with more perspective on the currency markets, mark chandler. devalued, after china do we have any better idea of whether grand plan is and does it matter at this point? >> it seems like we don't know what the grand plan will be, but probably what it won't be. it will be the massive devaluation of argentina or russia's had. relatively small. the central bank cautioned against expecting as much of a 10% depreciation which a lot of the market thought. erik: no currency war? >> no offense, probably driven more by the media and analysts and policymakers. look at

why do you think nbc universal has put money into vox and buzz feed? put money into vice -- amd put money into vice? they are becoming over the top providers of digital video and digital content that will perhaps one date be just as good. a distinctionl be drawn acutely stand between a channel in a show. what you are talking about are shows, events, sort of bursts of programming. that is opposed to the 724. betty: but they getting mainstream media money now, right? leo: this is not a good example of bloomberg news. it should be paid for more households than this. you take a fox news and 100 percent of american households pay for fox news every morning, but i definition, it cars itself away from half of those households by politics. fansin new york, yankees subsidize mets fans every day and yet only 30% of households are watching baseball at any point during the day. it is getting out of whack really fast. it was always going to be under pressure as the youth generation arte meets mya c needs better than the bundle. we thought it would be more evolution

they own nbc universal in addition to the distribution on the cable television side.n interesting look perhaps into the blood bath that was media stocks and whether or not some investors are looking for a playable balance given the losses we've seen. back over to you. >> maybe september will be okay this year given what happened in august. dom, thank you very much. meantime, consumer discretionary is one of only two sectors still positive for the year just up over 4% led by under armour, hasbro, expedia. six flags up on the year and for the controversial seaworld maybe a gain of 60%. the analyst for credit suisse joins us here. theme parks look strong for you. this is where people should be in your view? >> yeah, we think they're going to benefit from the continued low growth. we think they're in a position to benefit the consumer recovery, lower gas prices. this is a great price value option for consumers to choose and so far, you know, they've responded. we have seen solid attendance growth for the operator, particularly six flags. >> you can spend your summer doing

this is a national initiative today partnering with nbc universal. if you can, make room in your home to adopt a cute little one, maybe like this one. this is charley. she's 8 weeks old. got a lot of energy. we aren't sure quite how big charl charley's going to get, right? >> she's probably going to be pretty big. great pyrenees is a big breed. she does have the long coat, so she'll have some grooming needs. but she'll be a great addition to the family. >> don't be afraid to ask questions about the animal, what it might become. because this is a puppy. so you want to remember that. they do grow up and they eat a lot of food and they need a lot of loving, though. maybe you give that. >> exactly. and as far as your situation is at home, it is really critical to know about these dogs and how they're going to be, because we really don't want the return rate to be high either on these animals. go online to find a location near you, and hopefully you can take an animal home with you today. >> all right, thank you, guys. really appreciate it. more informati

nbc universal is owned by comcast, the parent company of nbc10 and telemundo 62. >>> coming up at 3:00, "ellen" with jennifer aniston and garth brooks and then "nbc10 news" at 4:00. this afternoon, inside the chaos in colwyn. the delaware county borough is known for heat city council meetings. now the nbc10 investigators are uncovering how some say one man is the driving force behind much of the this action. that's this afternoon on "nbc10 news" at 4:00. but let's get you updated on the forecast with chief meteorologist glenn "hurricane" schwartz. >> looks like we'll be in the 90s again. the fourth day of this heat wave. heat wave number four. and the high humidity, but still we're not expecting the thunderstorms until some tomorrow, more than that on thursday and friday. thursday and friday should be the stormiest days, but we continue to see the chance of some storms and the high humidity, even into the weekend. so, the temperatures are not going to be that high, as you see. it's going to be enough cloud cover, enough rain to cool off the temperature some. the wind will be coming in

it's not unlike nbc becoming nbc universal and investing in cable. >> in the bernstein report, nielsontay at outperform. what do you think those two companies have going for them as the landscape changes? >> they feel like fox has certain franchises like fox news are more sustainable with an older demographic. but ultimately it isn't that much outperform on a relative basis, from $29 to $38. you're talking 30% upside on that, it's not overly compelling. >> nielson? >> i don't know why he has nielson as an outperform. >> we're trying to figure out exactly how this landscape continues shaping up. jon steinberg, we appreciate it. >> if you need a newspaper, take one. >> i definitely don't. i have a phone. why would i need a newspaper? >> when we come back, the market back to session lows, netflix down more than 7% on the disney downgrade. why is that happening? no student's ever done the full hand raise in ap calc. but your stellar notebook gives you the gumption to reach for the sky. that's that new gear feeling. this week, these office depot brand notebooks just one cent. office depot o

bus feed,nbc universeal announcing to make equity invest in the news media site of the as part of thel explore strategic partnerships across both organizations in the coming months. including on tv content and upcoming olympics. >>> looking to make money, mcdonald's breakfast. according to a reuters survey the fast-food chain which is expected to offer all day breakfast starting this fall is considered the top choice for people who simply crave breakfast at any hour of the day. that is delicious. i love breakfast. >>> cashing in on the beatles. the fab four's first ever recording contract will be auctioned off. the six-page contact when the band was tony sheridan's beat brothers, very catchy is expected to sell $150,000 when bidding starts september 19th. wow, david. david: living high life on taxpayer's dime. a new watchdog report revealing thousands of well-off americans making six figures have been living in public housing. you are paying for it with all the government's blessings. let's bring in our panel to weigh in on this steve, first of all thank god for inspectors general. we

i'm thinking of nbc universal investing in buzzfeed.e of the older brands trying to hit refresh. adam shapiro, thank you as always, joining me from the floor of the new york stock exchange on today's selloff. >>> with more on media, the upside, the downside, if you own some of these stocks we bring in damage schaefer, shaffer asset management president. lee munson. welcome to you both. dan, you are our media bull. lee, you are our media bear. dan, i feel we should start with you. we heard adam, my colleague from the floor of the new york stock exchange, giving us all reasons to feel bad about big media. what is the silver lining? >> the silver lining these stocks have been overly sold. values of pes based on historic four quarters or eight quarters where some of these prices got so beat up, you're looking at 2012 levels. this could be a tremendous buying opportunity because what they sell is elastic. in other words, if all they have to do is lower the prices, which will bring in more volume pure mathematics of business. get to price poi

nbc universal is also close to making an investment am buzzfeed the site known for its trending listsnd quizzes which has also made a push into journalism. >>> apple is reportedly working with more than 40 app developers to make the ipad more appealing to business customers. sales of the ones popular tablet have dropped in the past six quarts. apple has never been a big layer in workplace technology a $2 trillion a year market. back over to you. >>> so from ipads to fab let's. this morning samsung preparing to unveil a new payment system. samsung plans to take on apple pay and reveal its own new payment system. company officials are going to end the suspense at ant event in new york city in just a few hours. the tech giant is also going to unveil it's new west fablet's which are smartphone tablets hybrids. >>> in just a few hours scientists will test fire a huge rocket engine that could one daypro pell ast thoughts into deep space. they are testing an rs-25 engine. it's one of four engines that is power the space launch system or sls. they hope some day soon the new system will send a

the film is produced by our sister company nbc universal. next up, rihanna and nba player matt barnes. after rumors of a romantic spark, tmz caught up with barnes who said they possibly have a future together adding, quote,ei ink it's just past the cru stage a little bit. one problem. rihanna and matt barnes have never met. when the singer heard the news she took to instagram saying, # the devil is a liar. # she's not into you at all, # she's never even met you, # this actually hurt my feelings. don't mess with bad fwal r gal riri. he was on a reality show and he is a publicity speaker. >> how did he expect to get away with that? w>> i don't know. but he didn't. don't miss with bad girl riri. finally the mtv video music awards creates buzz whether the live performances, guests or suspense around who w.ll win the moon an trophy. this year the moon man got a makeover and guess what. this morning for you we have the first look at it. here it is in a its glory. mtv worked with jeremy scott who isoh amazing to come up with the new look this year.

of course universal is owned by cnbc's parent company nbc universal. melissa?julia, do analysts think this is enough to offset what we've seen in espn? that was the main concern off the earnings release. >> that's exactly what barton crockett said. he said this sort of spaekds to the fact that disney is truly a diversified company and it has this big presence in the parks. it also has consumer products. and these are different ways to sort of offset any concerns that there might be about the tv business really changing. >> julia, thank you. julia boorstin in l.a. is this enough to offset? >> i think that's 9 perfect question. we talked about it last week. 50% of their revenues is still cable, and if espn's a huge's pouring of that and if there's concern that you're going to the a la carte model mr. iger spoke about it. he was as cautious as we've ever heard him. does it offset it? no. what's interesting is over a two-day period after they reported earnings the stock trade about 120 million shares, which is almost unprecedented in the name, traded down to about

nbc universal looking for younger audiences. they have invested $200 million in buzz feed.es will invest in another digital media site, vox media. a suspect and the deadly explosion was seen on a security bangkok, thailand. 20 people were killed, 100 others were wounded. the greek government is relaxing on moneyictions transfers. greek respected -- greece restricted banking transactions to prevent a run on the banks. those are your top headlines. cory: just some of them -- matt: just some of them. cory: just some. i'm used to seeing you on the radio. you can't see on the radio. matt: are you persuaded by the housing numbers? >> the housing sector is picking up steam. areits for new construction plunging, but this was due to expectations of a tax credit expiring in new york city for builders. they were rushing to get permits filed before the deadlines past. the big rush to file permits led to big increases in may and june. .t is all about new york if you look at the northeast, you see a big plunge in permits driven by the new york data. aboutwhy don't you talk influencing be

nbc universal, nbcu making $200 million strategic investment in buzzfeed as part of the deal the two. >> i heard that might happen. we have a guy who knows about this. he's right here. >> nothing. >> you know nothing? >> i know a little bit. i know what you just said. >> that's good to know. >> when you look at traditional media companies getting involved with new media companies, again, it's not just the content they're looking for. they're looking at a way to reach younger viewers and readers and i just wonder how you incorporate if you were advising one of these big media companies, how would you tell them to incorporate that new media? >> i think you need to -- i think a big part of it is dna of these new companies and way they think about a world where the first screen is the mobile device. they think about content not being distributed through basically being crammed down people's throats but being discovered because people love it and people share it. it's just a new way of thinking about content creation and consumption. i think you have to think about -- if you're a big trad

comcast, nbc universal is expecting record advertising sales.o exceed $1 billion with commitment from sponsors including nike, kellogg and coca-cola. on pays to top the london games. tv ratings should benefit from rio's time zone, one hour ahead of the eastern u.s. kellogg says it will stop using artificial colors and flavors within three years. the company's move follows an industry trend. breakfast cereal sales slumping as consumers shy away from processed foods. how are you going to get the green in the lucky charms? a new sign of openness to roman catholics who have divorced and remarried. pope francis says the church still has a place for them. the pontiff says they have not been excommunicated. his remarks point to a possible change in the church's stand on remarried, divorced people. they are currently banned from receiving communion. those are your top headlines. i loved every one of those. erik: all right. sec minutes from now, the is going to sit down and debate a rule that has been in the works for some time. part of the dodd frank ac