show you some tape of bob iger, th and something from shari redstone.s what we have on deck this morning. >> what did the ceo of pepsico after the results of the election? she needed a tissue box? >> she needed a tissue box. to her credit and to so many people who spoke yesterday, who, as you guys were talking about, people who might have been on the other side of donald trump on this election, all of whom said they were coming out and supporting him and the country. >> they want him to be successful. >>> coming up, more on that trump rally for the markets. we'll get thoughts on the markets from jack caffrey. he's coming up next. >>> the so-called trump rally sending the dow to a record high. it's already up more than 5% for the week alone. the s&p 500 up 4%, the russell 2000 up by 7%. joining us now is jack caffrey, global portfolio manager from jpmorgan. are you buying on this trump rally? >> we were invested going into the rally, you're seeing a dramatic rotation within the markets. the interest rate sensitive stocks have done much better. the more g

. >> the famous redstone castle has a new owner and they have >>> the dow jones industrial average had an all time midday high. the dow was down more than 800 points after the rally began early yesterday and surprised investors. the dow closed at a record high. broader market measures finished mix. the dow rose 218, s&p up 4, nasdaq dropping 42. >>> folks headed up to steamboat springs this winter has options beyond the hotels. all lodging taxes are being collected by airbnb. starting this month the city started requiring the city steamboat before it was up to the hosts to get the necessary tax permits. city officials say they don't believe hosts were actually collecting the taxes and airbnb was not regulating this. the city says this new policy will help create a level playing field for folks who list their properties on the website. >>> redstone castle was sold for $2.2 million. the owners already own the glenwood springs. their plans are to try to open the cast told more people. >> reporter: in downtown glenwood springs the historic hotel denver -- >> a year ago we celebrated the 10

>> when we come back, shari redstone speaking out for the first time. and viacom. we'll get some reaction from mario gabelli when squawk returns in just a moment. mobility is very important to me. that's why i use e*trade mobile. it's on all my mobile devices, so it suits my mobile lifestyle. and it keeps my investments fully mobile... even when i'm on the move. sign up at etrade.com and get up to six hundred dollars. hey, jesse. who are you? i'm vern, the orange money retirement rabbit from voya. orange money represents the money you put away for retirement. over time, your money could multiply. hello, all of you. get organized at voya.com. sing girl, come on. ♪[ singing ]♪ sorry, ariana you gotta go. seriously? verizon limits me and i gotta get home. you're gonna choose navigation over me? maps get up here. umm... that way. girl! you better get on t-mobile! why pay more for data limits? introducing t-mobile one, unlimited data for everyone. get four lines just $35 a month. >>> disney reporting lower than expected earnings and revenue after the bell. j

. >> it's really exciting for me and for redstone, because this is such an important piece of the town's history. >> we're not planning to change anything in a major way. >> reporter: and that's exactly what people who love this castle were hoping for. new owners who want to keep the castle open for others to enjoy. >> the house is just so solid. another several hundred years. >> reporter: matt kroschel, cbs4 news. >> it's a wonderful piece of history. it's beautiful. >> no kidding. they could use a little snow and would make a nicer picture there. >> it is about that time of year where we should be seeing more snow, right? >>> we're starting to worry around here. the ski resorts hoping for snow, and we're hoping for rain, snow, anything. doesn't look like it's in the offing for us, unfortunately, it is a nice afternoon. we have clouds hanging over the area just mid-and high level cloudiness. we're at 54 degrees in the city. 58 already at dia. it's a cooler day today. our wind is out of the east- southeast at 10. humidity at 35. high pressure, but it is falling at the moment. cooler day,

. >>> you know the details of the sale of the historic redstone castle. the new owners $2.2 million for this 114-year-old poverty tween aspen and greenwood springs. the buyers on the hotel denver already. you may be getting anxious to hit the slopes. love it opens keystone of records say even though the snow machines are working, there's not enough of it to get the list ranks of the have to wait at least until next week. >>> good news at 11. those are some of the folks working at loveland skiing away. you have a chance to enjoy a quick run before the love opens thursday. clear sky, dryer, light winds will allow us to make snow overnight and ladarius and that's good news until mother nature gets things going. across state, still 60 degrees in denver at the top of the hour, 55 out of dia. went from the northeast, our top temperature 74 after a morning low of 34. the average the highs and lows is the 10th warmest year on record. across the nation, two) but they are a long ways away. is a great big high pressure system blocking any storm soon coming our way f

spella stadium where the nashua river bragging right over thanksgiving looks like they're in the redstone and trying to score. so it south against north and south leads the series 8-4. but north won last year. north would be a favorite, they made the semifinal this is year before falling to exeter. we'll have highlights tonight at 11:00. in plaistow this afternoon, the going, going gobble 5k road race. a great way to catch there that were running, the race was at the polar school. tomorrow it will be a huge crowd for the sixth annual fisher cat thanksgiving 5k, over 2,500 runners have registered, the warning track at northeast delta dental stadium. it also goes right by wmur twice, so if you're running make sure you wave to us. the first few runners got a free ticket to opening day. the turkey trots are everywhere. tom: we'll see you back here tonight right after a 20-20 special. jennifer: good night,ve [captioning performed by the national captioning institute, which is responsible for its there's a path that takes you further in life. a breakthrough way of learning that prepares you for

redstone castle. the new owners want to bring tours to the area and the first rooms for rent since 2002 could be available by next summer. if diamonds are girls best friend than ladies meet your new pal. this is the sky blue diamond. it's more than eight carrots and one of the largest of its kind and going up for auction on wednesday. expert say it could fetch up to $25 million >>> the biggest shopping season of the year is away. the first tip here in the best deals will be on things giving most black friday ads have been linked online. a good place to check them out his bf ads .net. matt shelton says the best answer so far appear to be from target, best buy, walmart, sam's club and kohls. and this year you don't have to deals that we used to have to wait and stand in line for our available online. >> other hot items are gaming systems and small appliances even. here is what you don't want to buy that would include outdoor sports gear bedding, cookware and software. there we go with safety money >>> a

. >>> the iconic redstone castle near glenwood springs has new owners and they have plans for big changes. to this day, much of the furniture and art in that castle are original. the property sold for $2.2 million in an auction last week to the owners of the same steve carver. >> about six weeks ago we got a post card that said it was for sale and we thought, that would be interesting. let's go see what it's about. here we are owning it. i think we would like to do six, possibly eight larger bed and breakfast type rooms. >> you can still visit the castle for a tour. that sale comes at the same time there's been another change in ownership of another iconic property in that part of colorado, the independent is reporting glenwood hot springs is buying the 123-year-old historic hotel colorado that stands above it from kansas based group that's operated it for years. >>> 31 degrees in denver. >> as we end this long week we're going to show you some relaxing shots. we'll take you to the ocean and see what the dolphins are doing. >>> the broncos head to new orleans to take on the saints after l

. >> it is really exciting for me and redstone. because, this is such an important piece of the town's history. >> we are not change anything. >> reporter: and that is exactly what people who loved the castle were hoping for. new owners who want to keep it open for others to enjoy. >> the house is just so solid. it feels like it could be here another several hundred years. >> reporter: until that bed and breakfast opens up officially, you can still visit the castle. they will be doing the tours on the weekends, we have all of that information right now on giving you a better perspective of that whole property. right now. that is on this story. just click on it and you can watch it there. matt kroschel, cbs4 mountain news room. >>> denver is getting a new music venue. the lovett pavilion will offer free concerts next summer. how they hope it will revitalize the neighborhood around it. >> this teenager is officially adopted into a family. why this ceremony was just as finalized the adoption. >> a cold front passing through the state

police responded to a report that someone had been shot inside the fire station in redstone township on sunday. they found a 16-year-old with a gunshot wound. police say 21-year-old george matis is accused of criminal homicide in the teen's death. at this point, that teenager has not been named. erika: turn back now to the weather and cindy. we are looking at warm days and cold days. cindy: this is the ninth day in a row that we have been stuck below average. things are going to change and we will warm things up. after today, things are going to warm up. we are jumping up into the 50's starting tomorrow. of the country. look at kansas city. we are close to 70 in dallas right now. down this way, this is where we have the story weather. we have severe weather stretching from northern parts of louisiana up into parts of tennessee and alabama as well. and this entire area is coming our direction. we are not looking at severe weather, but this will bring some of that wet weather that comes on in. the warped comes with the wet weather but it's being blue sky. it's really nice up there. the

you spoke with sheri redstone the vice chair of cbs and viacom. any talk about a merger. >> sheri redstone has never come out and spoke publicly about this. it's been a soap opera and whirlwind of a year relating to cbs and viacom and the redstone family. >> i think it makes sense at this point in time to explore whether it's in the interest of both companies to merge again. i think when you look at all the changes taking place in the industry, scale is going to matter. it's going to matter to the consumer. >> she said explore. i think that's a euphemism you need to merge now. if there's a reason why you wouldn't do it, he said i'm too old and too rich. i put that to her and it sounds maybe they will figure out a way to make it more than palatable. >> make it richer. >> richer and younger. >> they got a solution for that. >> andrew, thank you. great stuff. andrew ross sorkin. >>> on deck a friday mystery chart, this stock getting a big boost from that trump win. it's up 27% in five days. any guesses? it's not technology. stick around to find out w

this happened in the redstone township south of pittsburgh. officials say the victim was a 16-year-old sophomore at a victim's name. the suspect is being held without bond. >>> army corps of engineers has a deadline for people who have been camping in north dakota to protest the access pipeline. federal lands in the area will be closed to public access next monday for safety concerns. those who choose to stay do so at their own risk and will be subject to prosecution. critics are concerned about water safety and public health and loss of land. jury selection resumes in the killing nine south carolina church members. a judge found dylan roof is competent to stand trial for the deadly shooting at emanuel ame church. he is charged in federal court with hate crimes and could face the death penalty if convicted. he has been found competent and state -- in states where a second death penalty trial will happen. >>> in million american children experience a divorce or breakup of their parents. pediatricians may be able to guide families who are have b

this happened at the redstone township near pittsburgh. officials say the victim was a 16-year-old who was a sophomore at a local high school. officials have not released the victim's name. the sessa backed is being held without bond. >>> rebuilding trust after officer involved shooting. >> that is the goal of a meeting that will happen in a durham neighborhood today. >>> to show support in a local community for refugees from >>> good morning. i am bill leslie. top stories now. the state board elections has scheduled a hearing on tuesday on mccoury's appeal on the recount of the boat. only if officials turn in details from the hearing when the appeal was denied. >> the state naacp said the protest from north carolina governor pat mccrory are an attempt to overrule the people. says he plans to address the issue during a march today at the capital. the rally is expected to kick off at 5 pm. >>> weather today is cloudy. could be a harbinger of rain to come tomorrow. >> it may look threatening that we are not likely to see much late in the day

. >> you are going to be able to book a room at the historic redstone hotel denver but the castle for $2.2 million and if everything goes as planned you can book a room by next summer the new owners are planning to add more tours so it could be a big hit. >> i think a lot of people would want to check it out. >> right now that it's open to the public. >> get you caught up a big stories. donald trump transition is underway. his team is hiring for hundreds of positions. important issues, including abortion >>> a new record for the city of >>> 6:43 a.m. and was start with the suppr moon. last night a gorgeous site. >> the moon set was 15 minutes ago officially 6338 -- 6:33 a.m. if you download the app you will find the photo gallery with some of the best shots of the super moon. it's just gorgeous. >> check it out turning to the trump transition. last night the president-elect said the issue of gay marriage is settled in the supreme court. he also said he plans to appoint a pro-life winning justice. >> trumps team is working to fill hundreds of open positions. he named his chief of staff

we've been telling you that national amusements, the company controlled by media mogul sumner redstoneents has been pushing for viacom and cbs to american. this news to tell you, cbs might very well be considering it. cbs retained an investment bank and goldman sachs to advise it on a possible merger. both of these stocks are moving higher on the news. viacom jumping 2 and 2/3%. well off the annual high of the year. that would be a 53 bucks. viacom at 37. big news there. >>> breaking news, the supreme court has denied the ohio democratic party's request to block voter intimidation at the polls tomorrow. alleged voter intimidation. jeff flock on the ground in columbus, ohio. jeff, tell us what happened. what you're hearing from voters and how big of a concern they still have. reporter: it was stop the steel group, that the democrats filed suit against. lower court judge said sentencely there was something there. he imposed additional restrictions on any poll watchers. that is what stop the steal is about. roger stone group. they want to send additional poll watchers take pictures of peo

especially since we have the redstone family pushing for the deal, as well as this megadeal in the content&t and time warner, which really highlights the value of content and scale. cbs will get that scale, we'll get that content with viacom. >> another other headline, cbs radio has been talking for an ipo. >> cbs is been trying to reduce its reliance on advertising. it's their way of trimming and slimming their operations and just focusing on tv content. >> the challenges continue. the world's largest pc maker, lenovo's revenue fell for third straight quarter after personal computer shipments slid. we are hoping for a recovery in the pc markets. >> this is reflecting the slump that we have been seeing in the global pc market. let me break down the numbers for you. profit did beat estimates, but it was mostly because of property sales that lenovo carried out. i was a gain of more than $200 million comments is not the first time they have done this. this is the second consecutive quarter that they have actually had to unload real estate in order to boost their financials. lenovo acknowledge

sumner redstone owns 80% of the voting shares in cbs and viacom.n for any kind of news on that. liz:cbs gave me my first job in news, intern and production assistant as cbs in los angeles. s&p 500 is falling. on track for the lows of the session. is the crisis roiling it? is the election issue? bring in somebody that can talk both about those things. peter kernen, former partner at goldman sachs. you are a donald trump supporter. steer that charlie gasparino broke last hour that donald trump is starting to put names together for his possible cabinet if he were to win. peter minute new smyrna beach chin, former goldman sachs guy as treasury secretary. >> i do think that. he has grit intellect. he is like type o blood. you can pour him into any vessel. great for the nation if he was treasury secretary. everywhere he goes he creates success. that he is that kind of talent. liz: could see his signature on the front of a dollar bill? >> i would be happy to spend one of his dollar bills. liz: secretary mnuchin. markets seem to be spooked but you are not.

killed the high school sophomore in redstone township, 45 miles south of pittsburgh.tive for the killing. >>> a minnesota teenager has made history as the first somali american to participate in the miss minnesota u.s. a. competition. she wore different outfits and competed in a hajib and be rmplet -- about berkinni. >>> tickets for rogue one star wars is on sales. fans have been waiting for details about rogue one which is both a spinoff of star wars and prequill. it debuts in theaters. disney is the parent company of 6abc. >>> meteorologist david murphy is tracking heavy rain moving in for the middle of the week. >> developing right now, a real life drama at a california movie theater when security opened fire on a suspect claiming to have a gun. ♪ ♪ ♪ with simply right checking from santander bank, just make one deposit, withdrawal, transfer, or payment each month to waive the monthly fee. and there's no minimum balance. you're alright with simply right checking from santander bank. ♪ are you feeling alright, baby? ♪ from santander bank. "action news," the victim l

the shooting happened in redstone township about 45 minutes south of pittsburgh. randy: surveillance video shows chaos and gunfire. this is new orleans french quarter. 10 people were shot on bourbon street early sunday. know the motive. two men were arrested. firearms charges including one of the shooting victims. a judge will hold a hearing today on the retrial of a former campus police officer. ray tensing was working at the university of cincinnati when he shot and killed sam dubose during a traffic stop. tensing said he feared for his life when dubose tried to drive away. the first trial resulted in a hung jury. emily: an american airman who disappeared off the coast of guam is presumed dead. greg ramos was last seen swimming around midnight on the 21st. several beaches on the air base in guam were closed as part of that search. syrian government forces are making a rapid advance into eastern aleppo. their aim is to divide the rebel-held city in two. nearly 300,000 people are believed to still be in the little food or medical supplies. the advances mark the la

police responded to reports that someone had been shot inside of the fire station in redstone township sunday. police say 21-year-old george mathis is accused of criminal homicide in the teen's death. that teen has not been named. randy: surveillance video showing the chaos after gunfire in new orleans' french quarter. ten people were shot on bourbon street early on sunday. know the motive. two men were arrested on firearms charges including one of the shooting victims. a judge will be holding a hearing today on the retrial of a former campus police officer. ray tensing was working at the university of cincinnati when he shot and killed sam dubose during a traffic stop. tensing claims that he feared for his life when dubose, who he'd stopped over a missing license plate, tried to drive away. the first trial on murder now the judge will decide whether to change the venues. emily: an american airman who disappeared off the coast of guam is presumed dead. greg ramos of the hawaii air national guard was last seen swimming at midnight on the 21st. several beaches on the base in guam were cl

very interesting rare public comments by shari redstone on the matter. >> kelly, thanks very much. >>karen, how do you interpret him saying valeant was an extraordinary mistake, especially after a quarter when was horrible on many fronts, lowered guidance. it lost i think 17% or something like that on the day. >> yeah, i mean, and it's hardly back much at all even after the trump victory. i think he's just trying to -- it was a mistake, clearly, whenever you have something that big go down that much, that's a mistake. but i think he's also trying to minimize its position in the pershing ecosystem. if you look on his holdings, it's way down the list, not because he sold any, because it's worth less. he's trying to do other things with chipotle. >> i think chipotle is a distraction, that's what he's doing with that. i would not be in valeant at all. >>> ahead, the one megacap tech stock that our own brian kelly says is a screaming buy. he'll give you the name in our final trade when "fast money" returns. >>> time for the final trade. steve grasso. >> the consensus trade was to sell, tha

both are controlled by senator redstone and his daughter who said they want them to recombine.audi arabia did not increase oil production. ae secretary-general denied report that the saudi's plan to raise output if other countries did not agree to cut saying that talks held were constructive. oil extended its losses earlier after the original report from reuters. that is your business flash update. you know who this baseball player is? between about his retirements read momentarily -- momentary alarm. we will show you why next. this is bloomberg. ♪ scarlet: if you were at work today you might have missed the chicago cubs and the players enjoying their victory lap today. there were tens of thousands of fans as they celebrated their first world series victory in 100 day years. this was 108 years in the making. when you talk about the world series, it was a classic series that went seven full games, game seven was incredible. two franchises that had gone decades without winning, the championship, the rain delayed my and extra innings and the payoff ends in record numbers of viewer

sumner redstone's national amusements controls cbs and viacom and has asked them to consider combiningthank you so much. let's talk markets. more market reaction on this election day, we are back with marc chandler. i want to talk a little bit about renminbi but we were looking at dollar-peso. there seems to be a better bet. if you look at the two extremes if trump wins, that is what you want to be in. marc: if trump does win we cannot be so sure about the federal reserve rate hike in december. there is i think almost an 80% chance of a fed hike in december and a fed -- if win, he would destabilize the markets and we have to think twice about a fed rate hike and the euro having more of a balance. tom: where else can you get euro-mexico? francine: only on surveillance. tom: it sounds election day to me. francine: it is 5:17 a.m.. the problem is -- i want to show you my chart, the s&p index in blue, the vix in white. the yellow circle is basically fear. we are not seeing fear in the markets right now. what happens if the market get taken by surprise, is it brexit times 10 question mark m

both companies are controlled by senator redstone and his daughter. your business flash update. u.s. days away from the presidential election. investors are increasing their hedges against donald trump and appending -- upending assumptions of a clinton win. a u.s. election guide to the markets with laura zalenko it we have been riveted watching the dollar-peso as a proxy throughout the election. what are the indicators you are paying attention to and investors are paying attention to? >> the anxiety and the market has really upended the conventional trends we have seen in the past. the ushe past 22 cycles, a be 500 has risen five days prior to the vote. the last eight days, we have been down. the volatility gige, the fear gauge in the market, has been up -- of the volatility gauge. you are seeing some concern in the market. trading firms are getting concerned, because you see them trying to prepare for the unexpected. about brexit and how traders are using that. >> what they are realizing is that they were caught flat-footed. there was an expectation

in the street iran to roger stone -- street i ran into redstone, the gas into roger stone. of trump's key people. i asked him if you think the polls are accurate? i was very surprised by his response. he said yeah, i think they are accurate. at that point, i was thinking that trump was ahead and here was redstone saying no, where behind now. the published polls are accurate. what that meant was he was not believing their own propaganda. publicly they have been sing-along, we are going to win any wave. no, wetone is saying don't think it is so. it is not just the democrats who are shocked. also.k the trump people >> he is terrified. he promised them everything. he said i can fix it. he told terminally ill people, don't die yet. he has a messiah complex. the problem is now republicans have to be horrified because he promised them everything. you never told him how he was going to do it. the last thing he wants to do is be president, because he has to deliver on everything he said and he knows it is impossible. >> look, here's the bottom line. what happened tonight, it donald

you heard redstone talk about content. content is king.nson and you're going to create broadband and wireless everywhere on every device, you can't give them a dial tone. you've got to give them something to watch and compete. >> how do you own the content outright. that's the fundamental question. do the assets benefit each other in a meaningful way? >> you have to own the content if you want to take your brands everywhere. because every time a new revenue stream comes about, if you don't own the content, the content guys a jack up the price. if you buy the content at the right time, you will own it and you will be able to monetize it across all kinds of platforms we don't know that exists today. that's what you have to do. so what randall is saying and i was talking to him at the business council, saying they can provide a way to compete against google and youtube and facebook for advertising. give the customer more competition choices. and lower prices. and give them skinny bundles. the end result is i guess what they'll tell the regula

a big identity change, sumner redstone owns an 80% voting stake in cbs and viacom wants the two companieso. to lead all in ned entities the hope that he can resuscitate the flagging tv and film businesses. let's zero in on cbs in today's "the numbers don't lie" am we start with the stock price action. the white line, which is cbs' outperformed viacom on a normalized basis. investors have pushed cbs higher since the announcement of the potential merger. cbs is not just the most watched u.s. tv network t. leads the four major broadcasters in operating revenue as well. ad sales are crucial for cbs, since that makes up 85% of this revenue. in the second quarter, ad sales slipped almost 3%. however, bloomberg intelligence is looking for a pickup, estimating that tv station ads rose in the high single digit percentage in the third quarter, offsetting weakness. cbs says unlike others, it has not seen weak frns donald trump's lack of ad spending. of course, any slowdown in network ad growth should be partly balanced by strong retransmission gains, which follows a trend in the industry. this chart

sherri redstone in the viacom deal or no deal. she's going to join us later this afternoon.y ahead. >> that's unbelievable. i mean, andrew, i wish you were here but the power of "squawk box" that allows you now to be so prominent to be able to bring all those people together is -- right? that is -- congratulations. that's amazing. >> i don't believe he was able to cobble that together in 48 hours after the election. >> is he gone already? >> we just made a couple phone calls after the election. said could you come on by. >> could you go there with goodell, nobody does. colin kaepernick? >> we will. >> it's like, weird. they said it was the election. we'll see. the election is over. but there's some people who think that has not helped. >> we will talk about that, the brand that is the nfl nop doubt. >> excellent. and you get to do the jacket and the -- >> and a little bit of this. i know you like that. >> and table cloths. look at that. >> fancy. are you back tomorrow? >> i will be back there with you, joseph. >> okay. >> right there in the morning. >> it was ugly this morni