redstone's health?u know, i mean you know we've all read the good stories written well and done on his health and declining health. there is a debate. i haven't spoken to sumner frank frankly in a couple of years. i used to see him regularly and interview him of course. so i don't have a first-hand account of what his health is really like. i could rely on accounts i get from management at viacom. they say one thing, melissa. and then you hear others such as in this court document today who say completely different thing. where the truth lies i'm afraid is a difficult thing to know specifically unless you are in the vicinity of mr. redstone himself. >> david, thanks for phoning in. appreciate it. happy thanksgiving to you. >> thanks, melissa. >> david faber on the "fast" line tonight. let's trade this. people are trading this like it is going to be a good event. a good event for investors. >> it is could be -- it could be. the stock is down 3%. cbs is down. if you look at media, i'm at disney. the runup

redstone is preposterous.ough note to end on, bs that's where we're going to end it, kara, thanks have a great weekend. >>> meantime, russia looking to retaliate against turkey for downing of the war plane by imposing economic sanctions and suspending visa-free travel. during a meeting with french president francois holland, russian president vladimir putin said he's drid to cooperate in the fight against isis. what's the latest, jeff? >> yeah well that's just deal with that meeting with the president of france first. it seemed to go relatively well. even though the body language between both leaders was rather tense. but what we got in the end was an agreement by the russians to cooperate more fully with the french and other nato powers. and it looks as though there will be a focus on isis terror groups specifically and that there will be a stepping up of bombing campaigns against those groups so that was a step forward farce the war against isis is concerned. now, as far as the issue of the downing of this r

redstone.ting to know emannuelle herzer was his health care agent and she's now been replaced in that duty by philippe dauman. i'm not sure if that's something you want. it does sort of have an interesting dynamic. this is not going to end here. we're going to see some back-and-forth, one would expect. the judge may at least have a preliminary hearing in the not-too-distant future. for his part, redstone says he's perfectly capable of carrying out the duties as chairman at this point. there is an irrevocable trust. seven employees, not his family, who will oversee the voting shares, the controlling stakes and national amusement that they'll see upon his death. >> of course, everything getting looked at. they report he hasn't been on a conference call so far this year. i mean he's in his 90s. >> he's 92. perhaps even older. maybe 94. he is in declining health, there's no question about that. and they make -- in their statements his attorneys don't mistake that as well talking about his speech be

it involves the patriarch of viacom, sumner redstone.attle to control the future of the ailing media mogul's empire and that battle is escalating right now. two companies under billionaire sumner redstone's control, viacom, cbs, moving higher right now on a storycharlie will talk about in a moment. what is going on? how old is he first of all? >> he is 92. he had a couple caretakers, his girlfriends too. these are all court documents got released today. one of the girlfriend put in court documents basically said she was improperly fired a couple months ago. liz: how do you fire a girl friend? >> she was a girl taker. his new taker phillipe dumont, ceo of viacom. what is fascinating about this, it is confirming, if you believe her, a lot of what analysts and investors know, that sumner redstone is very old now. he is 92. he is less, and less capable to run the company if you believe this lawsuit. redstone's people are denying allegation, she basically says, he is losing it. he is crying uncontrollably at times. there was a couple choice q

redstone owns 80% of national amusements. his daughter owns the remaining 20%.79.6% of voting shares of viacom and cbs. if redstone is deemed to be incompetent or he dies seven trustees will control his shares including his daughter, her son, along with the cbs director and three long time lawyers for the family. as for who will become viacom's chairman there's speculation that dauman and redstone's daughter cobalt for the role. there's question about the future for cbs since it has performed better. redstone's attorney wouldn't comment other than to direct to us their response to the suit. we do hope to find out more this afternoon when a judge holds a scheduling conference for the case. andrew? >> thank you. we appreciate that. we'll continue this conversation right now because joining us to talk more about what all this might mean for the media controls under redstone's company. the question in term of the stock is, is it living under some kind of sumner redstone discount or is there sumner redstone premium because people think ultimately these companies get

there is news around redstone. that is what i believe on the content play, that is the winner over the next -- >> twx. >> twx. to be clear. >>> and the imf agreeing to add theuon, and the yuan and the pound are in the group. stocks like alibaba and baidu rallied hard into the close. don't know if it is because of this. >> no. because of the inclusion in the index. baidu and alibaba, and that's why the stocks need to be held by more people. but today is a victory lap for china. smsing this -- back in august, people were concerned about the deval. and they were claiming that what is ratified today, trying to loosen up the monetary system and let the currency freely flow. i agree that is what is going on. now they have to live up to this. is this the over all of the chinese economy. is this an exciting day? yes. and central banks own enough yuan at this point. if you are playing chinese adr, the sentiment from august is still in thebaidu. but take a look at the names. they look interesting to me. >> but there is no bu

redstone. 92. out of the picture.n a austan who has managed a career, grievously injured by byrnes in 1979 -- -- a guy from boston. fought back from that accident and he built viacom. i have to ask the rude question with respect for mr. redstone, did he not exit early enough? paul: it is interesting. he has billed to strong companies -- viacom and cbs. two stronguilt companies. his strategy is to put in place a strong management team. those teams have built the companies, grown the companies. over the last 4, 5, 6 years since its separation. mr.the question is when redstone passes, what happens? the control passes to a trust. in a media world where there is a lot of consolidation -- tom: is that it is that it's for the o ther -- an advantage for the others? stableit is a much more situation. this is something that five, shareholders will have to deal with some time in the relatively near future. e ownership of these two companies. thisif you were to break up, if you were to atomize it and look at all of the constituen

we expect les moonves to take on the role of chairman at redstone.e at the courthouse in los angeles and we will have an update in "fast money." back over to you guys. >> thanks, julia. >>> disney shares tumbling 3% on friday. now down nearly 5% on the past week and this as espn is reporting subscriber loss. despite the concerns many believe the "star wars" film could be helping to tame the damage. martin, great to talk with you. the declines were revealed by iger in august and then on wednesday night. those are structural declines within the industry. how much can "star wars" offset that in your view? >> i think the first thing to remember is these numbers are not new. they're nielsen numbers we have known since september. this is in our model. i think the nielsen numbers exaggerate the pace of decline and actually on their face showed a deceleration in the face of decline. i think with these type of numbers they can still grow affiliate fees at espn in the mid single dpijt rain and they have very good viewership for live sports. the tv business is

. >> let's get out to los angeles now and julia boorstin, big news on sumner redstone. julia?ight. sumner redstone's ex-girlfriend filed a lawsuit alleging he's mentally impaired and unable to make decisions. he's executive chairman of the board at cnbc and viacom. the lawsuit demands redstone receive a mental examination to determine whether he can still make decisions. she says redstone is barely sentient, unable to care for himself as well as weepy and combative. redstone's attorney issuing a statement saying that the lawsuit is, quote, riddled with laws and a despicable increatva of his privacy. in a 123-page response, redstone revealing that he's appointed philippe doman in fact in the event of his incapacity. it raises questions of his control over viacom and cbs. guys back over to you. >> thanks so much. >>> an annual white house tradition. the president pardoning the turkey. >> which actually sounds pretty good. if for some reason abe can't fulfill his duties to walk around and gobble all day, honest is in an undisclosed location ready to serve as tin totus line of suc

finally, speculation over the health of 92-year-old media billionaire redstone made a leap into the courts. a former girlfriend who oversaw his medical care filed a lawsuit that calls into question his ability to run the board's of viacom and cbs. the suit lists a series of health issues, inability to seat other than brief grunted responses. the attorney calls the suit riddled with lies and invasion of his privacy. i'm dom chu. get all your business news on cnbc. >>> you may not realize this, but depending where you live in philadelphia, it may be against the law to have a live christmas tree. details coming up. come on in pop pop. happy birthday. i just had a heart attack... and now i have a choice. for her. for them. and him. a choice to take brilinta. a prescription for people who've been hospitalized for a heart attack. i take brilinta with a baby aspirin ...no more than 100 mg. as it affects how well it works. it's such an important thing to do to help protect against another heart attack. brilinta worked better than plavix. and even reduced the chances of dying from another one. don'

a lawsuit raising questions about media mogul, redstone.a court filing, a girlfriend describes him as mentally vacant, listless, and prone to crying spells. they call it baseless. she chose health care decisions for him if he was not able to until she was removed in october through a holding company, redstone controls 80% of the voting shares in cbs and viacom. apple bought tech firm face shift. they confirm acquisition of the swiss base startup making motion capture technology, 3-d animation software to copy facial expressions. some of this technology was used in the "star wars" trailer, which, by the way, aired a new trailer on thanksgiving. i bought tickets for christmas eve. >> when does it open in. >> 18th. >> black friday shopping is well underway, meaning retailers kicking off the big sales last night. courteney reagan, who else, the retail expert of the nation, joining us now from schaumberg, illinois with the update? >> reporter: that's right. we are here at the woodfield mall, welcome to retail's super bowl. this is important. it

redstone, thanks for joining us. -- brad stone, thanks for joining us.him, shaun, thank you. shaun: i hope to see you in beijing next week. emily: he sure to catch my sitdown with alibaba executive chairman jack ma live from beijing next wednesday tom and 9:30 a.m. eastern time, here on bloomberg -- wednesday, 9:30 a.m. eastern time, here on bloomberg television. the fortunes of sony are in the hands of "james bond." it is set to be the biggest opening in the history of the series, making $90 million, but'sonys -- but sony's deal to rights to distribute will expire with this film. we will be watching. that does it for this edition of "bloomberg west." have a wonderful weekend. that's all today from san francisco. ♪ >> from our studios in new york, this is "charlie rose." is the 24thectre" series the james bond daniel craig returns did sam mendes also returns after the success after "sky fall" which billion worldwide. bond faces off against a global criminal organization, "spectre." here is the trailer. >> you have no authority.

. >> a lawsuit is raising questions about the competence of media mogul redstone that controls viacond cbs. a former girlfriend says the 92-year-old lacks the ability to make informed decisions about his care. they call the suit baseless. his physical and mental health have been the subject of speculation because he's been absence from his company's calls for a year. they hold 90% of the voting shares through a holding company. >> donald trump is taking a lot of heat for something he did at a rally in south carolina. appearing to make fun of a reporter's disability. but trump says he is the one that deserves an apology. >> donald trump under fire today for seeming to mock a reporter's physical disability. >> oh, i don't know what i said. oh i don't remember. >> the reporter works for the new york times and has a congenital joint condition. trump was referring to a 2001 story written by him after september 11th which said authorities detained and questioned a number of people who were allegedly seen celebrating the attacks. >> you have to see this guy. i don't know what i said. i don'

this, of course, involves a former companion of sumner redstone, the chairman, she was his girlfriende's been kicked out of his mansion. she says she should be in charge of his health. he's 92 years old, and what do we have here? she has a lawsuit that she's filed to get back into his inner circle's good graces. she wants to be a part of that. she says he cannot have real mental capacity at the moment to run viacom, that he is -- and these are quotes -- he's a living ghost. he cannot converse them, he only grunts. he has crying spells and, quote, he wants steak and sex daily. does this hurt the stock? >> you gave me a lot of interesting, in quotes, page six type news. from my point of view, i've followed viacom since 1973 when it was spun off from cvs. the stock is selling at 50, you've got 12 billion in debt, and i think they need a jolt to overcome the notion -- liz: it's a jolt, mario. i don't know, is it a jolt in the wrong direction? if you had to pick between that and the spunoff cbs reason by les moonves, which would you pick? >> well, i'd pick them both. les has done a great j

some at redstone made it famous, it is still in play.e court of the big media companies to try to create economic distribution models that make economic sense for them. erik: good to see you, i have a great weekend. that is paul sweeney of bloomberg intelligence. a big week for mario draghi and janet yellen. what is at stake in the european close. ♪ erik: we are moments away from the european close. mark barton is joining me for the next half-hour. the unitedaffing in states after thanksgiving. that is not the case in europe. have a full house. the stocks have not responded to our full house. they came back from the lows of the day. it will finish with little change. the china stockmarket slump set the tone. the euro-zone economic call the dense lifted. this is the chart that i love. the weekly run of the euro against -- it is rising. it has a weekly declining run, which takes us to next thursday, the ecb meeting. the euro has not fallen for seven weeks since 1999. we will be talking to the deutsche bank chief economist about the meeting

he has one big supporter, sumner redstone. certainly bears close watching. >> domestic ads of viacom down seven which prior down 9. a step in the right direction. >> this is a kohl's situation. it's interesting. what's the first line in the release? sumner saying viacom continues to create some of the most compelling content in the world. i'm confident that viacom's leadership team will continue to lead for a period of transition. transition is an interesting word because where exactly are they transiting to, david? >> the digital world. that endless digital universe, jim, that we're all trying to figure out. that's where they're transitioning to. >> i'm shorting the braves. tell john i'm shorting the braves and going long for the mets. they'll be back. >> we'll talk more about what's going to at liberty's day. >>> apple may be upping the ante in the payment wars. we're looking here. dow futures down triple digits. s&p futures down 13. crude oil down more than $1. six fed speakers on the docket, including yellen in about 15 mi

>> coined by the man who returns both of those companies, sumner redstone. >> cbs never recovered fromlower the bombshell. >> bombshell. >> wasn't mediagetton. >> i parsed the disney number. geez, they really just forget the idea that seven people cut the cord and talk about big things. big, big, big. espn doing so well. espn doing so well. espn, bristol connecticut, they got -- >> i know it. i know it. you know hearst owns 20%. >> do we know that? >> i think it's 20. >> oh, god. >> i said once it's more. i think it's not. how did you remember? he remembers everything. >> i have to tell you, i thought disney's conference call -- >> nothing goes in that head that doesn't -- >> it was like a good movie. it was a good movie. wasn't bond. >> wasn't michael clayton. >> still made $76 million. >> didn't get well reviewed, though. not really. >> daniel craig is cool. he's great. >> very cool. >> yes, he is. >> speaking of disney, that's leading the dow, but not helping much. down about 92 points. let's get to bob pisani on the floor. >> good morning. happy monday. modestly to the down side. r