cbs is known about to gain control from redstone and national amusements arguing redstone has passed up on deals that could have been beneficial to cbs shareholders. >> a brutal fight to watch between the company. jurassic world likes it with entertainment taken the top spot over the weekend. they didn't do as good as dead. >> no, jurassic world following tenet didn't rise to record highs in the box office falling behind its predecessor this opening weekend. >> if we are not careful, they are going to be hereafter. reporter: the latest installment of jurassic world open with $150 million in box office sales over the weekend. 28% down from jurassic world that debuted in 2015th since debuting two weeks ago overseas and has grossed over $560 million. coming in second place the incredible stew earned $80 million in its second week while ocean state dropped down to third with 11 million round out the top five this week tagged and dead pool two. >> all-female cast, strong female writers. >> of the franchise world in movies. cheryl: hillary, thank you very much. gerri: coming up, the presid

the plot to destroy democracy, and the king of content, the media reporter explores the life of redstone in the future of -- and the rest of the media empire. the executive editor, alyssa course examines the lives of middle-class families trying to make ends meet and offers potential solutions to problems. sociologist carlton glatz looks at what user posted-make use to promote. helen thompson explores lives of people with rear brain disorders. look for the titles and bookstores this coming week. >> i think more cities are realizing they have to have someone like eight livable wage. a lot of people in the private sector are realizing it as well. companies like j.p. morgan have a major commitment in detroit. they're doing it in the form of banking branches and opening up opportunities for financial literacy. a lot of folks in the private sector are realizing we create a better society and if income and wealth are more broadly shared. a quick point on the difference between income and wealth. income is what people make and income is in and out every day of our lives. on that score, a minori

as the ultimate owner. >> and the war between cbs, viacom and the redstone family, you you're willingde it out? >> yeah. they're one of the media companies that's not only a survivor but they're prospering in the environment they should be worth 14 or 15 times earnings when you have netflix selling at $150 billion and cbs is in the $20 billion area there's tremendous opportunity there. >> cisco, qualcomm, cbs, some real ideas from david katz we appreciate it. >> thanks a lot. >>> all right, time to get to the other top trending stories landon >> that's right. well, indiana shut the doors after staffers revolted over the owner's canceling a planned pride event. despite employees and patrons leaving the gym in protest over the cancellation the gym owners doubled down on the homophobia in an e-mail a crossfit legal researcher who called himself chief knowledge officer unleashed a stream of tweets supporting the owners crossfit's verified national twitter account said i'm crazy proud of the gay community and crossfit later the crossfit account tweeted an update, effective immediately, rus

senior fellow, a at the asian society, and with me in the deal, redstone isaac. i want to start with you. reading between the lines. what is your read on this? seems like he got caught off guard by that sunday wall street journal story that talked a lot about this. it does seem to reflect a fight within the administration between trade hawks like navarro ad mnuchin, who wants to have more balanced strategy towards china. emily: we are seeing u.s. stocks getting dragged down with this. what is the impact on u.s. tech companies? >> nvidia down 5%, macron down, intel down 3.5%. china has not had a lot of success in some areas like; after it. you limit the ability of u.s. tech companies to sell into china, and you're putting a lot of pressure on china to compete. we all know this is a very global supply train. -- supply chain. he comes back here. there is a worry that there is not a lot of nuance in this policy. it ends up hurting companies that are globalized. emily: there has been an impact on u.s. tech companies. what has been the impact so far given the last seve

from redstone arsenal, from maximum we will air force base and for all of our reserve and national guards men and women in the state of alabama, they are on the front lines. in addition to the tens of thousands of civilians that support their work, alabama is home to a first-class workforce that supports our national security mission every single day. so it only makes sense that this legislation continues to support the work of alabamians to include a well-deserved 2.6% pay raise for our troops, and just as important, it also includes funds for the missile defense agency at redstone arsenal in huntsville. it increase space defense funding which is so important to our air force. it authorizes 75 f f-35 joint strike fighter aircraft. it provides, as senator lankford talked about a moment ago, 14 kc-46 refueling aircraft, which i hope the air force will put a few of those in birmingham with our fantastic alabama air national guard. -- that supports so many missions around the world. and there are a lot more resources that we could go on and on. so i'm pleased that this legislation takes care

then viacom and shari redstone have a problem, if cbs and viacom don't emergency -- i think amazon is> you think amazon could buy cbs? >> i do. >> i thought they wanted to be more asset light, ott, you hear a lot about that, over the top, not owning that basic -- i hate to use the term old school table asset. >> i think les moonves and liz programming team, the number one rated network for the last two decades, i think those are awesome assets for a large internet company with tens of billions of dollars of free cash flow a year to own >> could there be a shocker? could an apple bid for cbs >> yes >> the whole field is wide open now. we're going into the kentucky derby effectively and every horse has the same odds. >> not every horse is secretariat, every horse is a triple crown winner. i love it. the media landscape needs to consolidate. they are too small talk about market caps round numbers, 20 billion, 30 billion market caps. apple is $1 trillion. these are huge market caps they can write a check for these companies. >> why would they want them? they just need content he big compe

. >> murdock like, redstone like, any billionaire power, with the power in the media, to affect all ours daily, so it's a drama about a crazily dysfunctional family, it's satirical. three writers from my other show "veep," it also has a point to make, that these screwed up people affect our daily life. >> and that's something that's been true for decades, but is especially true today as we see a new wave of media consolidation. >> absolutely, and indeed, a story line in our first season is that our family patriarch, the 80-year-old billionaire played by brian cox wants more and more, he wants to own all the news, as we put it, and yes, and they're ever greedy for more money and more power and more clout with government and the rest of it. >> frank, best of luck with the new series, thanks for being here. >> thank you. >> quick break here, and the most incredible story of the week, a reporter who fakes his own death, but was the credibility of journalism the real victim here? that's rite aft ee's right afte. but meningitis b progresses quickly and can be fatal, sometimes within 24 hours.

content, media reporter for the wall street journal explores the life of the media mogul sumner redstoneand the rest of the empire and in squeezed, executive editor of the economic chip reporting project examines the lives of middle-class families to make ends meet and offers potential solutions. also being published, carmen gillespie looks at how social media determines what user posted content to censor or promote in a failure of the internet and helen thompson explores the lives of nine people with rare brain disorders in unthinkable. look for these titles in bookstores this week and watch for many of the authors in the near future on book tv on c-span2. >> the old name in the village with obsolete in 1949 when the communists the mainland and proceeded to relay history and street names and names. the local registry in new york city, no one had ever heard of the place. a nearby police station, officers said little and offered less. we resorted to pestering strangers, pedestrians, cabbies, peddlers, for some sign of mining. quickly, the inquiries fell into a predictable sequence. an ini

and i am the president of the redstone labor temple association. we are the tenants of their building at 16th and cap. a lot of arts organizations and nonprofits are in that building. i am also an s.i.u. member. and, you know, neither of these organizations have explicitly stated that they want, you know, the board to vote in favor of this appeal but i can say, in general, both organizations support the plaza 16 coalition and they understand the concept that there is overbuilding of market rate and luxury housing in the mission. so, you know, someone else mentioned that there's been a blue wave in the city. it is more like a green wave. it has been in this hard for quite some time with, you know, the money. and just the idea, you know, that there is enough market rate and luxury housing in the city, and when they build these projects, you know, you can picture how many times a day people will be calling the cops. whether it is 16th and mission or 25th and mission. they will be calling the cops all day long because that is the way it goes. i live in

this world, which is les moonves, he has cbs in a bit of a delicate dance and struggle with shari redstoneiacom thing, but cbs becomes value, who knows, to a netflix netflix, it has a market cap that's now bigger or close to being bigger than disney and others, so netflix is going to get into this game and so i think you're going to see people find new ways to do new technologies to get to the consumer, to own that consumer data, and to make sure they can get their content through. >> where do you add -- this is such a basic question, where would you be adding long positions in tech right now? >> well, obviously, you want to own the acquiries, right, because there are a lot of people whose lives have been turned on end in the whole telecom business today right. essentially, i look at this as, whatever your strategy was yesterday, you have to open it up more broadly today because i think the notion that this transaction has be approved without any conditions, is aig . >> yeah. >> and, you know, essentially, tential acquirer, which come for makes it by definition a best case outcome for the

the herb allen's sun valley conference this year will that will have bob roberts, bob iger, sherry redstone, and les moonves. >> they should have an amateur boxing match. alix: i want to see that. thank you both very much for being here. fed's hawkish hike. jerome powell praising the u.s. economy after interest rates were raised for the second time this year. more on that next. this is bloomberg. ♪ ♪ great,he u.s. economy is something you don't hear often from a fed chair, but it is what jay powell said yesterday after the fed hike rates. to fosterrman i hope a public conversation about what the fed is doing to foster a strong and resilient economy. one way to do so is having a press conference like this after our fomc meetings. we will do that in january. that will give us opportunities to explain actions and answer your questions. aix: joining us now is themberg view economist and vice president of global asset allocations for a bank. ofl us the significance someone who comes in and says press conference at every meeting, no for guidance. what kind of fed or we looking at? >> a rational f

if the redstones were willing to negotiate i think there would be a lot of interest. i think then you could look at some of the discoveries of the world and the liquon'sgates of the world. the question is internet guys netflix and amazon they have done so well with content they have build it versus buy menity. the real question is how to be successful in exclusive content. amazon and facebook. you could look at those guys to make acquisitions. facebook in ticket they bid against fox in the contradict rights in india and around the world very popular in india. i would keep an eye on what they do. >> barton, i'm thinking of brian roberts when he gets into a bidding situation he usually comes out on top there are a couple of things at play here. one would be price, and form of payment. as i understand it comcast is offering to pay in cash and may be offering a higher price than disney how much of an advantage, if at all does that give to comcast. how much of an advantage does disney have because fox and disney personally and corporately have already agreed to a deal? >>

in the king of cop tent, media reporter for "the wall street journal" explores the life of sumner redstone and the future of cbs, viacom and the rest of his media empire. and in squeezed, executive editor of the economic hardship reporting project, alyssa court, examines the lives of middle class families struggling to meet ends meet and offers potential solutions to their problems. also being published this week, sociologist tartton gillespie looks at how social media companies promote in custodians of the internet. and helen thompson explores the lives of nine people with rare brain disorders in unthinkable. look for these titles in bookstores this coming week and watch for many of the authors in the near future on booktv on c-span2. .. >> it's 7:00 so i'm going to get started. my name is liza and i'm going to try to

it's hard to sit there and wait if you have a strategic view that apparently is what shari redstone isith doing now until we hear from the court it comes back to the power of their holdings there to exert their will they want to. >> intel, of course, was a big story last week. the journal today has a bit of a tick to be on the timing of this episode which he did lose his job. saying the affair was before he was ceo and ended several years ago. the woman continues to work at the firm does not hold a senior role at the company. said uncertainty about the company's long-term perspectives said the departure is surprising on multiple levels the shares are down almost 2% almost 15id and change. >> and brings back the focus, i'm sure you talked about when the news hit on what the future plan is and what the leadership of this company, which direction they'll take intel in with companies like apple and samsung increasingly going in house. just on food deals, campbell's is leading the s&p 500 on speculation of a deal. kellogg is not far behind it all the companies appear to be on sale. we talk

and so once that deal gets done, we think the redstones are going to be appropriately had open to alternativespeople who used to own twitter maybe still do just because they think it's going to get taken over >> no. that's the beauty of cbs you don't need a takeover. we're arguing the stock is cheap now because the community is shorting it in anticipation of a deal that's forced impossible and retire the fact of the matter is it's a great company with great assets that will survive with or without les. he's done a wonderful job running that business. but it's a spectacular library they're not hurt by cord cutting in the way that a viacom is. and so a combined viacom/cbs is going to do very well. >> all right let's go to your favorite area which is fang for just a second. the information today reporting that amazon is con tell plauting offering home insurance as an o offshoot of its work smart devices would monitor fire and burglary threats which we've got things at home that do that you know, amazon could do that too. but yet you did see a reaction in shares of all state, progressive today. no

in their negotiations with viacom and they manage to somehow, i don't expect this, but dilute the redstonethen all of a sudden everything is up in the air, absolutely everything is up in the air in terms of what combinations are possible there will be combinations that just seems to be the one certain thing and the biggest question is what are the synergies that different companies think they can realistically get. fundamentals in terms of the operation of the industry almost don't matter right now i think there's a consensus. >> almost don't matter in terms of the prices willing to be paid because our own david faber is already reporting that comcast is likely to put out their bid officially for fox as early as wednesday, which will be the day after this ruling. so are you saying that fundamentals don't matter in terms of what people are willing to pay in terms of price tag >> that's not what i mean. i just mean, like, getting into the nuances of whether or not the advertising market will grow by 1% or decline by 1% and whether or not affiliate fee revenues are up or down by a percentage

will say this, that sort of structured is challenged in chancery court in the battle between shari redstonend -- everything is on the table. neil: thank you, my friend. obviously murdochs they have a fiduciary responsibility to hear everyone out. >> they do. i tell you, that is why we reported a couple weeks ago that comcast has a legitimate chance of breaking up this deal because they have to listen to it. they are. they are listening. neil: differential there. they are. thank you very much, charlie, on this story, all over the story before everyone knew it was a story. >>> we're keeping you on top of the release of the inspector general report, very revealing how it embarass as number of peep. not so much illegalities, so much as embarrassing. we'll get into that after this. copd makes it hard to breathe. so to breathe better, i go with anoro. ♪ go your own way copd tries to say, "go this way." i say, "i'll go my own way, with anoro." ♪ go your own way once-daily anoro contains two medicines called bronchodilators that work together to significantly improve lung function all day and all n

going to set up a fascinating bidding war, the in a long period of timet seen could take me back to redstone diller competing over paramount. four years ago you were almost still a young man. >> yeah. they were going to show some video of -- i don't even think -- there you go. >> holy cow. >> the >> and they thought that was fake you do look the same you look pretty young. but we digress ed, when you go over to "the times," what do you got othe t >> the krugman what do you have to do to get indi indoctrinated over there you fit in pretty well they must have seen that in you to -- ght? >> every time we had our exchange, they were like -- i think on this deal, back to the news at hand rupert murdoch is going to win out nicely he's got two big companies getting into a bidding war over this i think, you know, the comcast cash versus the disney paper, i think that's a thing comcast basically will come back with all the terms disney wa all the assurances we're now going to include that. that's interesting roberts ahead haven't done reverse breakup fees before. this shows he is extremely focused on