breaking news on the lawsuit against sumner redstone. a judge has ordered a medical examination of redstone, but denied the request to depose him. this is the latest in a lawsuit filed by his ex girlfriend man weherzer. claiming that the chairman of cbs and viacom is incapacitated. judge said a doctor hired by her zer could examine him for one hour in the presence of his nurse and speech therapist. sumner redstone's attorney released a statement saying that we are gratified that they discredit his attempted to depose mr. redstone. we have reached out to her zer's attorneys and have not gotten a comment back yet. but certainly a win for her camp today. back over to you. >> julia, thanks. >>> and shifting gears now. take a listen to what the starbucks ceo howard schultz said to jim cramer this morning on cnbc. >> give us the magnitude of how much more stock you are buying back here than you were a year ago? >> we think the stock is undervalued relative to creating long-term value for shareholders so we will -- at these levels, we'll back t

redstone... well ahead of their loyalty and respective fiduciary duties they owe and owed to viacom and/or cbs and their respective shareholders." the world is flooded with plastic garbage. there will be more plastic than fish in terms of weight in the world's oceans by 2050, the world economic forum warned tuesday. plastic has become one of the world's most popular materials, combining amazing functionality and very low production costs. its use has increased 20-fold in the past 50 years and is expected to double again in the next 20 years. 3 3 3 the time is now 5:xx. actor jamie foxx saves a man. what he did to help after the car accident. 3 tt2w`t2n`qd" bt@q#v( tt2w`t2n`qd" "a@q3zl tt2w`t2n`qd" bm@q8q@ tt4w`t2n`qd"" dztq 8@, tt4w`t2n`qd"" entq hdl tt4w`t2n`qd"" gzt& qc4 tt4w`t2n`qd"" hnt& amx tt4w`t2n`qd"" iztq +$ tt4w`t2n`qd"" jntq 9t@ tt4w`t2n`qd"" lzt& !9< 3 jamie saves a man after a car crash. these are photos from the accident. you can see how damaged the vehicle was. the accident happene

sumner redstone is the executive chairman.o they have a class-action lawsuit here that a guy possibly mentally incompetent is shelling out all -- look at the compensation there, on a declining stock. >> right. >> that seems to me, if mel weiss was still alive, you remember him? >> i certainly do. >> the king of class action, he would be suing them. >> it's a significant sum of money, consequential to the money. what's the value added. >> will there be a lawsuit, do you think? >> well, there tends to be after a derivitive suit like this, you will see a lot of other lawsuits come out of woodwork. >> do you think they have cases? >> at least on the facts as they feed them, it appears so. >> we've got a market sell-off. that would take down viacom as well. down 202 points, lisa. these things matter to companies, stocks, boards. they don't want to look at the stock hammered by this market and then be questioned as to whether the ceo is getting paid too much. this could hurt many ceo's, right? >> that's right. what's interesting abo

viacom ceo does not have to testify in the legal battle over redstone's mental health.orney for redstone's former girlfriend issued a subpoena asking that he make himself available for a deposition but the new york state supreme court said they need proof as to why his testimony is necessary. viacom had a boost yesterday in yesterday's market because of a letter sent by eric jackson that doesn't have a huge position in the stock but did outline several points of how they could change and unlock value including redstone stepping down. >> one of the few up in trade today. now a tennis story for you yesterday and another one today. venus williams has been fined $5,000 for failing to show up to a post match press conference. this is her second violation in a year. she and her sister were bog fined in 2010 for missing a press conference in wimbledon. this is only the 8th time since 200 a female has been fined. >> i didn't even know you could get fined for that. mcdonald's will start selling chocolate covered french fries in japan. the fries will be available january 26th acr

murphy to twenty five years in prison for heroin and gun part of a bloods street gang known as the redstone writers which operated in franklin the search for more free sparking massive manhunt last year authorities ended up arresting him. the family a family member's home in southampton county where macy's is closing thirty six stores early this spring including several stories right here in hampton roads more than two hundred and seventy local jobs will be lost are reassigned as a result the clothing retail company is signing with the call a disappointing twenty fifty sales and earnings performance stores at chesapeake square mall peninsula town center in hampton and military circle mall in norfolk will also hold a final clearance sales beginning next monday and that will run for eight to eleven weeks closing and consolidating store as the company's as will reduce annual expenses by up to four plows through a guardrail in the chesapeake bay bridge tunnel and lands in the bay coming up the latest on the breaking news we've been following all afternoon and warmer temperatures are in sullivan

sumner redstone, chairman of viacom and cbs, was ordered by a judge on mental exam to determine his competency. people who want to help flint, michigan, cope with its water crisis are flocking to 3 water crisis are flocking to go fund me to create campaigns and donate money. more than 5,000 donors had given over campaigns by saturdayay 3 3 3 the time is now 5:xx. one n-f-l team is getting some bad news. the bubble that burst frustrated with your overactive bladder medicine not working? can't handle the side effects? botox treats symptoms of leaking, going too often, and the strong sudden need to go. ask your urologist if botox can help calm your bladder and reduce your daily leakage episodes. the effects of botox may spread hours to weeks after injection, causing serious symptoms. alert your doctor right away as difficulty swallowing, speaking, breathing, eye problems, loss of bladder control or muscle weakness can be a sign of a life-threatening condition. don't take botox if you can't empty your bladder on your own or have a urinary tract infection, or uti. side effects may include allergic

sentenced calmly sank he was the second highest ranking member of the bloods street gang known as the redstone riotous franklin police say saints and his partner philip murphy have sold heroin for years a major construction alert this weekend elizabeth river tunnels will close the midtown tunnel. crews need to remove a pedestrian project. the midtown will shut down from eight tomorrow night until five monday morning were told if you live nearby you might hear some loud noises from that construction work. well we saw some sunshine at times today through some filtered clowns especially the farther north you went the more you saw that farther south the pic of the clouds pretty cloudy out there right now and you can see why still some moisture showing up on our local radar here. notice right now though couple of areas of the sort of focus on northeast north carolina that's where most of the shower activity is ben today and right now the really isn't a whole lot down there just a little bit just west of us right now forty four degrees winds lightly at the north following their metric pressure as th

hn, sayshe ceo, tri tra his amazing journey started thousands of miles away in the anomaly redstone joinsom vietnam. he ends up in the san francisco bay, via m.i.t.. talk about his life story. brad: sure, first of all, we hear a lot of startup stories here in the valley. particularly now, there are a lot of companies trying to deliver meals. they all kind of blend together. i first heard about the precooked nutritious meals, you keep them up at home. but what got me was hearing about the founder's story. tran, they said you should get to know him. hisparents sent him and brother away, out of vietnam, in the 1980's he was 11 years old. as a parent myself, it is sort of mystifying -- how could that even be, you know? forced separation. i went and met him, and i got this story. this is postwar vietnam, a lot of deprivation in the 1980's. his brothers and parents are living outside of ho chi minh city. and there is not enough to eat, which of course is ironic considering the juxtaposition of his current business. and his parents really decided that these kids -- if they want to have any futur

in a case like this, of course, given it is a controlled company, sumner redstone controls 80% of nationalontrols viacom and cbs, unlikely you get this public broadside. mr. jackson's firm, by the way -- he doesn't disclose how much viacom he owns -- very small. exceedingly so. a vocal opponent, if you will, of marissa mayer at yahoo! and talked about that many times. he appeared earlier on our air. all of the criticisms, of course, that he mentions -- as many people to a certain extent had in the media sector come back to the underperformance of viacom stock. >> over ten years the stock has done nothing. it's been far outpaced by cbs as well as the s&p 500 as well as all the media peers. even though in the last six months there's been a page six sideshow going on with regards to the state of sumner redstone and the chairman, we think that that vsideshow has taken attention of where the real shareholder focus should be, which is on the performance of the ceo, felipe dowman. we put forward in this report -- >> how he has failed as a leader of the company, mr. jackson finished that. by the w

. >>> a california judge ruling that sumner redstone can be examined by a doctor hired with the mogul'sfriend. >>> iran says it will buy 114 airbus planes to revitalize its fleet. this is the first major commercial move to announce under the existence of its nuclear agreement. rouhani is visiting italy and france. >>> san edison will reportedly give ihearn a board seat. >>> and another buzzing head line this morning, the financial times reporting third avenue management assets have fallen by more than $1 billion to $5 billion. this comes six weeks after the firm froes froze redemptions fr troubled junk bonds. >>> trading in europe, lose something steam as the energy producers and miners weigh on markets. and you see it turn green but still in italy and spain watching the price of oil a bit after losses. those turning green reporteredl after the two-day stretch. japan and south korea and australia finishing in green. we'll seer it's a big week. the federal reserve meets this week. we get a ton of earnings in the u.s. we've got a bank of japan meeting as well this week. there's a lot for

there were trouble reports about redstone's health and whatnot. what happens now? >> there's no doubt that he's obviously receded from the business, whatever his status is day-to-day in terms of actually monitoring the business. also, this company had been accused of overpaying its top management for a while now. this seems a little bit of the gamesmanship, or at least the optics of the board wanting to say let's not fall into that when we don't have to. >> big questions. up next, we'll hear from a fund manager and whether he sees opportunity in any of those economies. plus, more on this wild market day and what could be in store tomorrow. stay tuned. metimes they just dr. cme group can help you navigate risks and capture opportunities. we enable you to reach global markets and drive forward with broader possibilities. cme group: how the world advances. that's why i switched from u-verse to xfinity. now i can download my dvr recordings and take them anywhere. ready or not, here i come! (whispers) now hide-and-seek time can also be catch-up-on-my-shows time. here i

post some redstone world. >> how old is she? >> the girlfriend?testing her mental competent? >> think they should? >> i'm not an ageist, but -- i don't know. is there it -- seems like where there's smoke there's fire. >> unfortunately, i think -- i think i can say reasonably -- >> i know what you're saying, but what's her deal? i guess i know her deal. >> we know the deal. the wall street journal laid it out. he has to come up with over $100 million in gift taxes. >> funny guy. incredible person, but check this out. faraday unveiling a sleek, sporty concept car in vegas in the annual ces show. the company's 18 months old, and they have been super secretive -- >> i think that was secretive. >> oh, that's a different issue. secretive. >> super secretive is -- >> i've known people that are super secretive, and it's gross. >> really? >> if you don't deal with it. botox works on that. >> paralyzing the sweat -- >> yeah. >> is it spelled the same way? >> i think it must be. secretive? secretive? >> interesting. i don't know if secretive -- spelled the s

viacom saying it's going to cut the compensation of redstone. company saying that redstone earned $2 million for the physical year that ended in september. that is down as he became ineligible for a bonus which was to be $10 million. that's what he got in 2014. they won't say whether this was the decision by the board which has been underfire for lax oversight of its executive pay. of course reports that he has been quite ill for sometime. disney delaying the release of the next star wars movie. moving it to december 2017 from may of 2017. the good news for analyst who is are trying to do some of the numbers last night is that it's still going to be in calendar year 2017. they'll capture the last quarter of the year and potentially between december 15th and christmas they'll still try to get as many people in the door and get those numbers in and then finally the east coast as joe was saying preparing for the first major snowstorm of 2016. 50 million people from virginia to massachusetts bracing for blizzard-like conditions so we have that going

with his questions about, can we really, as shareholders, get a clear answer what's happening to redstonecreating actions that the company could take? unusual for someone like him to do that, and i think it just shows how frustrated he is with the company. >> we are hearing from viacom, and they'll have an official comment once they get through your report. what -- i mean, let's not be sort of naive, eric, to the sort of the state of play when it comes to activists taking on a large company and a well-established ceo. you're a small fund as they go, what do you really expect the company to say and even do? >> listen, i mean, obviously, this is a controlling shareholder situation, and so if this company wants to tell any shareholder whether it's spring owl or mario to pound sand, that's their right, and that's what all shareholders sign up for when they decide to buy shares. however, you know, we've, obviously, been looking for closely at the media landscape. we think a lot of names are interesting, some as potential shorts, others potential longs like time warner. viacom is a great buy at

according to her spokesperson, part of a lawsuit over redstone's mental capacity. judge has scheduled a february 9th hearing on a motion by bill cosby's lawyers to toss out an defamation lawsuit by janice did inson, while the hearing is pending on a dismissal motion. >>> they are closing the well necessary center in paloalto after deficients at the lab that pose immediate jeopardy to patient health and safety. a story meg terrell has been following closely for us. i'll turn it back to you and see you tomorrow. >> thank you very much. >> oil rallying after the energy minister said saudi arabia posed production cuts, how that could impact oil prices is straight ahead. plus, we'll explain why the oil sell-off has everybody in canada talking about the soaring cost of cauliflour, we'll be right back. it's hard to find time to keep up on my shows. that's why i switched from u-verse to xfinity. now i can download my dvr recordings and take them anywhere. ready or not, here i come! (whispers) now hide-and-seek time can also be catch-up-on-my-shows time. here i come! can't

this comes really as concern grows over the health of the company's 92-year-old chairman sumner redstone. viacom will dispute shareholder proposal but the vote will test sentiment. the stock is down 40% over the last 12 months. back over to you. >> thank you. revving up customizing luxury cars. bob lutz and former fisker ceo unveiling their new flagship super car. we'll take you for a ride when "power lunch" returns in two minutes on cnbc. at ally bank no branches equals great rates. it's a fact. kind of like reunions equal blatant lying. the company is actually doing really well on, on social media. oh that's interesting. i - i started social media. oh! it was my...baby. go to ziprecruiter.com and post your job to over one hundred of the web's leading job boards with a single click. then simply select the best candidates from one easy to review list. and now you can use zip recruiter for free. go to ziprecruiter.com. >>> welcome back to "power lunch." rick santelli live on the floor of the cme. big jobs report, not necessarily a huge response in the marketplace. however, let's look at t

some may think sumner redstone had all those women in his life and he did not marry them.ongratulations, rupert murdoch. david: i hope they will be happy. i have never said that rupert murdoch reminded me of mick jagger. stephanie: but in his own universe, he is a rock star. jon: to give the story some credibility for the bloomberg audience, this is the number six story on the bloomberg terminal. david: he is a legitimate capitalist, after all. we are all about chronicling the story of capitalists. stephanie: you have to say both jerry and rupert are powerful and influential. we have to talk about alabama last night. colleague former graham lanigan is watching. theama continues, defeating clemson tigers. the championship game last night , one of the highlights, a 63 yard reception in the fourth quarter by tight end oj howard. howard broke down the left sideline. check this out -- running down the end zone -- he scored a touchdown. this was the fifth national championship for the head coach. you should have seen this guy covered in gatorade when this was over. i am going to

sumner redstone, chairman of viacom and cbs, was ordered by a judge on mental exam to determine his competency. people who want to help flint, michigan, cope with its water crisis are