looking at shares of discovery and scripps, discovery higher by 9% and scripps higher by almost 15%.>> those are reported talks we have a deal that's actually on the books here. mccormick is buying reckitt benckiser's food unit for 4$4.2 billion in cash. the move adds products like frank's red hot, which i know dom likes, french's mustard to mccormick's portfolio. the deal comes three months after reckitt benckiser put its food unit up for sale. mccormick expects combined net sales of $5 billion this year last year the company failed in its efforts to buy britain's premiere foods >>> in earnings news, shares of ibm under pressure this morning. the company reporting its 21st consecutive quarter of declining revenues the tech giant says revenues came in at $19.3 billion in the second quarter shares are down by almost 3% >>> csx reporting better than expected second quarter profit shares are lower by 2% despite positive results >>> and united continental beating on the top and bottom line profits were up 39% from a year ago but the stock is under pressure after the company announced rev

scripps network has not won, but two major suitors. at discovery and viacom are both targeting the u.s. cable network owner. will we see a deal and with who? trade talks between the u.s. and china got off to a rocky start as the americans canceled their closing news conference. we will discuss with gary locke, former u.s. ambassador to china. we are halfway through the trading dale. abigail doolittle joins us with the latest on the rally we are seeing. abigail: we do have a rally. we have the nasdaq amazingly on pace for the ninth day higher in a row, the longest streak since 2015. a pretty impressive considering not that long ago we were talking about a tech pullback. now we have the nasdaq at new record highs similar to the s&p 500. for a second day in a row, the dow up the least about 1/10 of 1%. that also means the dow is not putting in a record high. .his is a one-year chart in white we have the nasdaq. in purple we have the s&p 500 and in pink we have the dow. the blue lines represent all the times we had simultaneous record high

buying scripps networks for $12 billion in cash and stock.ur david faber is standing by on the floor with special guests. >> yes, we have them, in fact. that's right david. the ceo of discovery and ken low, the sikh of scripps you have been long time friends and have talked about doing a deal like this in the past so, ken, the question to you, why now? why did you decide now is the right time to sell scripps and to follow-through and get the deal done? >> i think since the last time we were together, fortunately our companies continue to grow and we expanded internationally. we also very much like discovery. we pivoted from a linear television company to more of a digital content origination company. and now just seemed like the right time and i have to say it's a historic day for the stake holders, scripps family, publ public investors most importantly, david, for our employees. this gives them a much bigger company from which to operate. a platform to reach more consumers around the world so it's a great day for scripps. >> when you say it

you have 750 million in sgna at scripps. you could create your own overthe top network made up of the networks international, scripps doesn't have much. and discovery made a huge push in international they're up against a lot of big competitors. i don't know if discovery is in a position to offer enough in terms of what they would want with cash and is the right partner the scripps family in terms of the future and actually enhancing that future for that company. >> it's a must deal because i find when i look at scripps networks programming it's all evergreen. this is the opposite of what we like when you flip around it's entirely possible. you can keep watching the same house rebuilt, i'm not myself interested in that but my l millennials aren't hgtv is not on their radar screen this is a great, great deal if they can make it work. >> he's been a very good builder and buyer. when a lot of other companies were starting networks and saying we'll give you a piece of it they did not they did it on their own they own 100% of all

it would give scripps great diversification.here is the question how you can bring content direct to the consumer with an app, with a product that will be over the top and outside the bundle if two companies could treatment team up they would have a lock on that type of food or travel, and make that nonfiction content -- figure out how do that as a stand-alone product. that could be beneficial for discovery the question is whether or not they need scale to have that negotiating leverage everyone else is bigger than them now >> fair enough julia boorstin, thank you very much we'll see you in just a little bit. >>> when we return, the nfr says the reports that retail is in trouble are overblown. we will talk to nrf ceo matt shea next. first a quick check of european markets right now. mazing thing. but as you get older, it naturally begins to change, causing a lack of sharpness, or even trouble with recall. thankfully, the breakthrough in prevagen helps your brain and actually improves memory. the secret is an ingredient originall

that is above premium were scripps was trading on.rted that talks accelerated and scripps jumped yet again. no surprise of hearing a deal that could come as early as tomorrow. scrippsso why did choose discovery over viacom? end, viacom cannot get there on price. ancom had been offering all-cash deal, and there was some concern from the board that that may put viacom and a difficult place financially in order to get the financing and get the deal done, but even so, they offered more than discovery. this deal with discovery for a higher price is also a cash-stock deal. in other words, the scripps family will own a noncontrolling stake in this new company, but they will still be able to have an upside from a discovery-scripps company considering that the deal goes through, and the new company will be stronger, at least that is what many analysts are saying, then the old scripps just because discovery and scripps enter a world now where if you don't have high performing networks, you are in danger of getting those networks locked out by t

scripps network has not won, but two major suitors. are both targeting the u.s. cable network owner. will we see a deal and with who? trade talks between the u.s. and china got off to a rocky start as the americans canceled their closing news conference. we will discuss with gary locke, former u.s. ambassador to china. we are halfway through the trading dale. abigail doolittle joins us with the latest on the rally we are seeing. abigail: we do have a rally. we have the nasdaq amazingly on pace for the ninth day higher in a row, the longest streak

. ♪ >> some breaking news involving scripps. scripps interactive spiking to a session high.'s get to julie hyman for an update. >> remember, we talked earlier in the week about scripps being a takeover target. now bloomberg news is reporting the talks are advanced and deal could happen as soon as sometime this month. it would be a combination of cash and shares. both suitors we talked about, viacom and discovery, are in the running to acquire scripts -- scripps. the caveat is that the deal could fall apart. all of this is according to people familiar with the talks. shares spiking, up by a little le more than 1.5%. we are also seeing a slight pop in shares of viacom and discovery. >> thank you very much. house budget committee chairwoman diane black from tennessee says tax reform can --pen this year even as kevin cirilli caught up with the republican congresswoman a little earlier today. >> is not a normal budget because it has a lot of moving parts. first of all, we know the military has been decimated and we hope to rebuild the military, which is so important with all the

julie hyman mentioned earlier, scripps says yes to discovery. charter says no to sprint.orovery is by scripps $11.9 billion, creating a cable giant, but charter is not interested in a deal with sprint. sprint's owner is undeterred. lots to discuss. foring us is paul sweeney bloomberg intelligence. let's begin with discovery/scripps buy. lifestyles and reality tv, they do similar things. is a wise combination in the context of what we have seen in the past two years in terms of consolidation on the media distribution side of the deal. at&t by directv, time warner cable being acquired by charter, so we have a lot of consolidation on the distribution side. if you're dependent upon distributed to distribute your programming, you probably need to get some scale as you negotiate distribution agreements. that is been the driving force behind a lot of m&a chatter in the media space. would we see some of these free radicals, which is the term john malone used for some of the smaller media companies? will we see them get together? this discovery/crips deal is what the market was an

scripps network controlled by the scripps family.covery, controlled not by a family but by john malone, who controls a lot of these entities, and of course discovery controlled by malone, and viacom controlled by the redstone family. if a deal is done with a cash and stock component, as my sources tell me, both sides will have to figure out exactly who controls the votes here. maybe they will be some. class a shares and class b shares, how all three of these structures are -- comedies are structured today. those can pose major competitions to a deal getting done, and i'm sure that's what the advisors of these companies are working on right now. julia: we have seen a similar deal done, the same kind of ownership issues with starz and lions gate entertainment. they had similarly funky structures within them. is that a precedent for how you can get around the ownership structure, a workaround here? alex: absolutely. in fact, one of those companies, starz, controlled by john malone, so the same player here. in the other case, the other s

. -- scripps as well.it sounds like among analysts, discovery seems to be the favorite in term of being a better strategic fit for scripps. >> it would make sense for by, as well as they were not in the situation it is in right now. they are struggling, they have a new ceo that has a great strategy. he has decided to refocus on their six core brands, which include mtv and pet and comedy -- bet and p.e.t. comedy central. they have a lot of debt right now, so it is probably best to not do any big is pure they want --see some brazil at the --scilla the -- at about also financially, it makes sense. discovery is a more attractive partner for scripps. they can afford to level up a little bit, offer cash, which i imagine that the shareholders, including the controlling family, would want, and their stock is not unattractive to holders. i do not know if scripps shareholders would want viacom stock right now. some whoso you have hold sway over any kind of intentional deal. do we have any indication on whether these

scripps, a couple of other names we'll circle back.those were strong it's a nine day win streak now it's the first of those we've seen in a couple of years. going back to february of 2017, capping off what has been quite a year for that index already. 2015, i should say for the nasdaq, it's the longest win streak we've had since then. it's going to be another busy hours for earnings covering the results a z they do come in. judd ford, covering qualcomm and sima will bring us t-mobile's results when they come back. thank you, and we'll see you in a moment joining me on the panel. senior markets commentator here. along with brian perry who's at post nine with us, he's a portfolio manager based in san francisco with hennessy funds and ann joins us not that these are huge moves. the facts that we've had all three, call it all four if it weren't for ibm with the averages, intraday highs, there's a long list of companies trading up there obviously too. >> it's more of the upward grind. two dozen days this year, the average gain on that day,

. >>> scripps and discovery rising today on rumors of merger talks.ays about content how you get it and the future of media. >>> and a retail worker at amazon everything that we've heard y tat the job losses in reil mabe wrong we've got that debate coming up next ♪ this is a story about mail and packages. and it's also a story about people. people who rely on us every day to deliver their dreams they're handing us more than mail they're handing us their business and while we make more e-commerce deliveries to homes than anyone else in the country, we never forget... that your business is our business the united states postal service. priority: you ♪ yeah, and i can watch thee bgame with directv now.? oh, sorry, most broadcast and sports channels aren't included. and you can only stream on two devices at once. this is fun, we're having fun. yeah, we are. no, you're not jimmy. don't let directv now limit your entertainment. xfinity gives you more to stream to more screens. >>> hi, everybody, i'm sue herera president trump addressing the opening meeting

meanwhile, discovery, as expected, buying scripps network.to probably see from this deal. hey, nicole. >> reporter: hey, neil. this is shark week meets house hunters. it is a $14.6 billion deal, you can see scripps is gaining just slightly right now at 87.50, discovery selling you have about 9.5%. the deal's expected to close early next year, and what does it do? it wrings together two -- brings together two names that you know so well including discovery channel such as animal planet, also tlc as well as on the other side scripps which would have hgtv and food network. now, hgtv which stands for home and garden has really grown, boosted ratings by over 29% since 2013. this brings together female viewers which are predominantly in the scripps network of travel and home, garden and the like as well as the male viewers that are on the discovery side of it. the deal's $14.6 billion, you can see how both have fared over the last year. scripps has been running up on a potential takeover and has done so. and all of this happening because people are

discovery communications buying scripps networks for $14.6 billion in cash and stock.s expect that deal to close by early next year also, first 30 buyers of the tesla model 3 now have their vehicles in hand the company handed them over late friday. the challenge now for tesla, according to ceo elon musk is ramping up production capacity fast enough to fulfill orders in a timely manner. said the company would go through at least six months of production hell is what he's calling it also a tax on sugary drinks going into effect in chicago on wednesday. comes after a judge threw out a lawsuit against the measure brought by retailers the tax is one penny per ounce >> in an appeals court has ordered the faa to take another look at airplane seat size a passenger advocacy group challenged the faa in court asking after the agency refused to impose rules regarding the seat size. the faa said it's a matter of comfort, not safety. but, friday, a federal appeals court in washington, d.c. said that the faa used outdated or irrelevant tests when it came to that conclusion. the advoc

discovery stock prices more fewer shares and the scripps family is key here and they give their supportnd they obviously followed ken lowe that created a lot of follow. >> that's the name of the white shark. one of the better. >> the cuban reef. >> yes. >> can you believe i still watch this thing >> yes. >> except for the phelps i don't know phelps is going to eat the shark. what is that no that would like horaldo with the safe. >> people talked about it. >> they talked about it. >> he got people going and i think the labor day party is going to be bigger than ever david. >> it should be a blowout. >> they're going to lever up to do this to a certain extent. don't forget virksacom they competed here and didn't get here >> his world shot again. >> we'll talk about charter. >> talk about cbs radio. cbs stock has been fabulous. there's so much in this group and the group have been kind of like well forget it because programming costs are too high and the viewers are going -- i wish i were in the group it's one of the hottest groups. >> a lot written over the weekend about the reinvention o

scripps network by the scripps family, discovery by john malone , and viacom controlled by the redstonesh and stock component as my sources are telling me, both sides will have to figure out exactly who controls the votes here. those can prevent major competitions to a deal getting done. i'm sure that's what the advisors of these companies are working on right now. ♪ ♪ vonnie: welcome back to "bloomberg best." u.s. crude oil inventories fell more than expected, giving hope to producers and investors that global stockpiles could shrink and prices rise in the second half of the year. it is still a complicated. -- complicated picture. 's had spoke -- head spoke with lumber -- with bloomberg. opec spoke with russia . will they achieve the cuts? guest: it has been reasonably successful. for the month of june, the latest date of which we have reliable numbers, it looks as if the compliance rates have slipped a little. we will have to wait and see what they decide. opec is responsible for its own decisions, and we are observing it just like everybody else. reporter: i know it is extremely diff

viacom making a decision here to pursue scripps and discovery fully engage as well in that pursuit. its leverage is lower. it may represent an ability to use more stock if it wants to, given what appears to be the desire or at least more attractive currency than viacom. stock prices actually moved up that helps it. so, we'll see. but this could be getting close. >> we like to do that. what are you guys willing to do? it is discovery in viacom, jim aggressively at least, engaged, in trying to figure out a way to get something done here. if you're discovery, probably not far behind. >> that's the jimmy choo deal with michael kors. they have to do something. n entertainment in retail. they do not have the wind at their back. >> some people wonder why the scripps family wouldn't want all stock. >> tax consideration. >> but somebody pointed out to me when you're looking to sell a well-run company to a company just like yours -- >> see you later. >> take the cash and go home. >> we'll have more, hopefully, as this week moves along >>> rick santelli is at the cme group in chicago rick >> g

scripp's parent for the food network, hgtv.has been the drama between sprint and charter communications, the talk was charter good merge with a sprint. charter came out and said not interested, the latest news is -- will makehi and a bid for charter. the deal would be they could combined cable and wireless. it is hard to count him out. don't count him out and his huge deep pockets. you loving this story, like may stock in the open. snap, definitely watch the stock. ipo lock expired over the weekend. stock is down 18% since ipo, how much pressure will we see in the next few days if we see internal selling? jonathan: republicans may have to prioritize their agenda, pursuing another health care bill or pushing tax cuts through this year. joining us now is kevin cirilli. kevin, which way do they give it? kevin: they want to deal with tax reform here to when you look at last week in particular with the demise of health care despite mitch mcconnell really wanting to pull republicans on board, they just didn't have it. it wasn't there

comingdiscovery scripps through after a contested option. driving deals in this space in the u.s., and easy that coming into europe? william: there has certainly been pick up. we have seen quite a lot of growth in m&a in the mid-cap market. they're are looking for ways to consolidate each other and be able to compete more effectively with the big guys. softbank is a big guy. the question is, a big deal in the u.k., the question is will they go for something really big in the u.s. calledhe u.k. has been the dinner table of the world for m&a. this year we saw european m&a is up about more than a third while u.k. deals are down. is this the new normal? william: i have not heard the u.k. called above they for m&a for m&a- a buffet before. it remains the largest m&a market for europe. contrasted with the rest of europe, volumes are down since the brexit vote. upay, m&a volumes in europe 18%. down that by percent in the u.k. that is really all about brexit. ruth: chinese firms, there seems to be more scrutiny on firms within china and globally. is

viacom, as you may know, out of the running for scripps. we'll talk about that.ngs, earnings we have reaction to facebook, we have p&g we'll hear from the mother ship, comcast, twitter, waste management's ceo then all skinny, skinny. we might have a skinny marg read margarita by the time it's done. >> john manley back with us. you were talking about how tech is the standout. there's been a few old school economy standouts. boeing with the hit yesterday driving up the dow mcdonald's, caterpillar. this is not just the sexy f.a.n.g. stocks. jim cramer called it old dogs with new tricks. at&t in the group as well. what does that tell you? >> tells me the economy is getting better and that that will benefit earnings. the thing people got wrong the last couple of years, they felt the profitability was too high for earnings to go up even if the economy got better that's simply wrong. the economy getting better. >> you like tech what's the next top pick after that >> health care you have an aging population improving technology in healthcare and a representative democrac

the discovery is in talks to combine with scripps scripps has brands like hgtv, travel and the dui network viacom is also working on a bid for scripps. another interesting turn in media, i wonder if the names do need to start to get together. >> if you look at netflix, they created juggernaut with disney selling a lot of assets. hbo allowing them to put on a bunch of different shows from the library. they are looking at going, we have just created an unstoppable monster here talking about netflix is i said this is a couple hundred million subs and got a laugh drop off twitter and now we have broken 100 if you look at it from a top-down analysis of $3 billion online on broadband, the other $1.5 billion don't go to bro broadba broadband. 10% to 20% people on broadband could be on netflix. if you look at them, 250 million subscribers is nott unreasonabl. >> exactly if you look at it now, they have hit the tipping point magical when the majority of the users and/or revenue starts to come international. this is going to be a google and facebook-like story where google and facebook could never o

scripps network controlled by the scripps family. john malone controls a lot of these entities.ry controlled by malone and viacom controlled by the redstone family. if a deal is done with a cash and stock component as my sources are telling me, both sides will have to figure out exactly who controls the votes. those can present major complications to a deal being done and i am sure that is what the advisors of these companies are working on right now. ♪ ♪ vonnie: welcome back to "bloomberg best." i'm vonnie quinn. u.s. crude oil inventory sell further than expected this week. according to the international energy association. giving hope to producers and investors that global stockpiles could shrink and prices rise in the second half of the year. but it is still a complicated picture. iea's neil atkinson discusses the outlook for oil. >> next week, opec will meet with russia. are they going to achieve more production cuts? >> we don't know if that will happen or not. we have to wait and see. what we are sure about the moment is that although the opec cut agreements and not opec

you've got scripps up 14. discovery up $3.33. one financial behemoth it took ten years but finally coming out on top against one of the most bitter rivals. the new king of banking. charlie breaks it next. >>> don't miss fox business' coverage of the derby tonight. live from the speedway in rossberg, ohio. 9:00 p.m. eastern, only on fox business. [vo] progress is seizing the moment. your summer moment awaits you now that the summer of audi sales event is here. audi will cover your first month's lease payment on select models during the summer of audi sales event. . . . . so new touch screens... and biometrics. in 574 branches. all done by... yesterday. ♪ ♪ banks aren't just undergoing a face lift. they're undergoing a transformation. a data fueled, security driven shift in applications and customer experience. which is why comcast business delivers consistent network performance and speed across all your locations. hello, mr. deets. every branch running like headquarters. that's how you outmaneuver. their leadership is instinctive

it will acquire scripps networks interactive. $14.6billion is done. >> what you think. >> i don't knowdeal. what about the combination content. in the leverage and how they might be able to distribute this themselves. this has been a deal we have talked about for some time. it just goes to show that the battle for content is raging. and you saw sprint alter the deal with target communications. >> i do like it deals that involve content for content. and rollins is next. julie is living with metastatic breast cancer, which is breast cancer that has spread to other parts of her body. she's also taking prescription ibrance with an aromatase inhibitor, which is for postmenopausal women with hormone receptor- positive her2- metastatic breast cancer as the first hormonal based therapy. ♪ ibrance plus letrozole was significantly more effective at delaying disease progression versus letrozole. and ibrance plus letrozole shrunk tumors in over half of these patients. patients taking ibrance can develop low white blood cell counts, which may cause serious infections that can lead to death. before

scripps network ending 15%, discovery 14%, viacom around 2%. discovery wanting to buy scripps.ld separate discussions with scripps. all of this consolidation as the media landscape changes. been leftanies have out of some of those new packages. earnings, morgan stanley trading came out the best of the banks, a contrast to goldman sachs where trading was a disappointment. back they 4%, holding dow average. joe: we have a trading halt on t-mobile, news is pending on that stock. ons, theto government u.s. two-year and 10 year yields , not a lot going on there. 10-year yields 2.27%. scarlet: the dollar holding near recent lows. this is a bloomberg dollar index, a fresh 11 month low. part of that is because the euro has gained more than 9% before today to its highest level since may 2016. the euro now pulling back from gains before tomorrow's ecb decision. the boj also holding its meeting tonight, the only major central bank to show a clear commitment to maintaining stimulus. i am watching dollar candidate , the latestw 1.26 batch of canadian manufacturing data stronger than did, bo

to the table channels like animal planet and the discovery channel with a primarily male audience scripps is home to h.d.t.v. the food network and travel channel a largely female audience together the two will account for about twenty percent of all cable viewership according to barclay's this will give the newly merged company a heavy hand when negotiating contracts with distributors at a time when more people are watching online video through subscription services like hulu netflix and amazon prime cable t.v. is struggling to stay competitive with this new deal discovery now has more to offer when negotiating skinny bundle packages with cable writers what's unknown is how the now combined company will compete in the long term as the cord cutting trend continues well as of close monday discovery stock dipped more than eight percent on the news well scripps was up more than half a percent. and the koch brothers have made painfully clear how much they dislike and disagree with president donald trump but the billionaires are willing to put aside those differences for one reason only to over

they're running out of room for scripps interactive map.he only suitor in talks to purchase the cable tv programmer. yesterday we told you viacom is offering an all caps deal, but after a bit from the companies decided it will prefer to negotiate exclusively with discovery. discovery and scripps have discussed mergers before but i've never agreed on terms. both companies feel the pressure as more people cut the cable tv court and streaming services like netflix become more popular. cheryl: two words can a stranger things. we will move on. this is a very scary story coming out of mexico. there was one does. what's going on without? >> this is something you need to watch out for if you are traveling to mexico. the u.s. state department alerting travelers going to mexico about possible counterfeit alcohol that could cause sickness and blocking out. the department of digits information page specific to mexico under safety and security cautioning vacationers who choose to drink alcohol to do so in moderation and to stop and seek medical attentio

sci-fi, and scripps networks, hgtv, on and on, it seems like a perfect marriage.g them together, does that give them more power of scale? a bigger player. >> you hope they have pricing power with that, they are great brands, so many good things with that merger to makes sense. both stocks are up in after hours. the market in after hours right now is liking this merger. gerri: i can't get over this netflix earnings from last night. i am still thinking about that. you know people say, over for american companies, you look at netflix, it is not over. and my understanding is nasdaq hit a new high on the backs of those earnings, is it as good as it looks? >> 8 days in a row for nasdaq, netflix they added 5 million subscribers in a quarter, worldwide they have over 100 million, a lot of data comes out the new program they have, is atracking viewer -- attracting viewership, they are competing head-to-head with networks. gerri: i are up 13% today and spending 3 times as much as hbo on original programs. >> they get a big investment return with that. gerri: a bad story, we

scripps networks interactive 17%. attentional takeover talk.t has met separately with viacom along with discovery. they did meet with discovery in 2015. rejected a potential bid. paul sweeney told our team this that shares could be pretty attractive. very big gains for scripts of and discovery. let's have a look at where equities are right now. we are not seeing record highs in europe. we are seeing a rebound for the stoxx 600 after it dropped more than 1% in yesterday's session. up about .5%. tech stocks leading where they were lagging yesterday for a bit of a turnaround. you can see green across the screen in equities. ftse 100 higher as well. seeingfx space we were some broad-based dollar gains earlier in the session tracking the 10 year treasury yield higher. the yen actually strengthened against the dollar. still seeing weakness in sterling and the euro. the pound is weaker. the euro down by .2%. a 14 monthit hit high yesterday. in the fixed income space we are seeing yields in the core and periphery. above 49 dollars a barrel. we are seei

scripps networks is owned by the scripps family. john malone own a lot of the entities.with a cash and stock component as my associates are telling me, both sides will have to figure out exactly who controls the boats. those can present major complications to a deal being done and i am sure what the advisors of the companies are working on right now. ♪ vonnie: welcome back to bloomberg best. inventory sales further than expected this week. giving hope to producers and investors that stockpiles could shrink and prices rise in the second half of the year. it is still a complicated picture. 's neil atkinson discusses the outlook for oil. >> next week, opec will meet with russia. are they going to achieve more production plants? >> we don't know if that will happen or not. what we are sure about the moment is that although the opec agreements and not opec agreements has for the six-month in a whole as it has been operating has been reasonably successful. for the month of june, the agreements haslatest data for wt reliable numbers, it looks as if the compliance rates have set

scripps networks are in talks. there's a market valve $23 billion. discovery which is based in virtually spring, maryland is the owner of the discover channel and scripps is a parent company of the food network and hgtv. >>> check catch at last night's mets/cardinals game. when this foul ball went into stands it was new jersey governor chris christie who caught it. threw see it. he received a few high fives from the fans around him. much of the rest of the stadium erupted binds. can you hear it? he ended up giving that ball to a kid a few rows behind him. >>> a little league team from just across trinity river wants your support in the regionals. >> the intermediate 5070 team from alexandria won their championship. they leave for north carolina tomorrow. they hope to raise $2,000 for their trip. they have already -- they are already about three quarters of the way there. the southeast regional tournament takes place this weekend. >>> as they were waiting for me in the e.r. she started throwing up. >>> next at 6:00, chipotle several customers get sick

discovery and scripps announcing their $12 billion tie-up does this mean we can look forward to showsdliest iron chef," "fast and loud tiny homes," or maybe a new offering "flip or fn"

scripps networks over a possible merger.ipts of the parent company of the food network and hdtv. jon hilsenrath with it here. these two have talked before. >> right. this is to content companies trying to come together to navigate a very fast changing media environment. you've got netflix dominating on streaming in the cable operators in the position of transition talking about coming together to give themselves more market power in environment where it is not clear where content is going to come from. maria: especially because the at&t time warner deal is on the horizon. we will see all the studios happening in entertainment. dagen: am also curious because this is the third time discovery has approached scripts which is controlled in the family trust. it is not different than the last two times. >> at different in that the media is landscape is changing. the logic of this fund is you have to nonfiction. dagen: i love how they refer to it as nonfiction. >> reality stuff coming together, building their brand off of it. >> a l

scripps is the parent of the food network, dyi channel, et cetera.r, that es happening. >>> more important is this, boeing with a north record high. got upgrade from morgan stanley. they're expecting india to order 2100 aircraft next 20 years. i can't believe they're all going to be boeing planes. that is gigantic number from india. presumably broken down with airbus, boeing and maybe couple others thrown in. that is big order coming from india, maybe. >>> back to the top of the hour my editorial. with us former arkansas governor mike huckabee. welcome back to the program. what do you think about general kelly bringing discipline and one voice to the white house. is the president going to listen? >> i think he will because he has got someone who in essence a peer. somebody on the same level. has been ceo of something really, really big. in this case a military operation. battlefield command. all of these are great qualities. a person like general kelly is truly tested. he doesn't care whether people like him or not. he has taken people combat. he has

scripps owns hdtv and the food network.they are leaders in unscripted programming. a massive deal for the kind of market. david: let's get to the single best chart, showing you the bloomberg dollar index, looking over six years. this 30 michael shaoul, point oversold indicator. you said enjoy the good times. and dollar weakness persist be a sign that a correction may be imminent? michael: the dollar is weakening. it is going to change financial flows. it doesn't mean we have a correction coming, but one of the assumptions had was that the dollar would be a source of positive returns. it hasn't been and i don't think it is going to be. leavingy is going to be u.s. financial markets and moving abroad. time,on at some point in if you had a disorderly decline in the dollar, that is something the markets could start to worry about. the most important thing to realize is the dollar is no longer going up. will it be slow or abrupt, this decline michael:? so far -- decline? michael: so far, it has been slow. it has been a fairly or

reports say the discovery communications is in talks with scripps network interactive. terms are still unclear but the companies have a combined value of rough $23 billion. the owner of the discovery channel, lc and the own network while scripps is the food network and htc-tv. phones could get a voice. samsung launched galaxy s8 phone it boasted about its ai helper called bixby. the company admitted the app signature voice feature wouldn't be ready until maybe later in the spring and only available in south korea. now samsung is rolling out bixby's voice assistance to all s 8 and plus owners in the u.s. and unlike its rivals, apple, siri and amazon's alexa bixby is better at understanding natural expressions such as what's the forecast like today or show me the weather. so it should understand you better. sam and kris, back to you. >> wouldn't that be nice to be understood a little better. >> she looked right at me. did you see that is this thank you very much, susan li. appreciate it. >> can you hear me, sam? >>> disneyland goes all out for halloween. this year's hallo

and it's a good fit, many would say discovery and scripps, perhaps better than viacom and scripps. >> how well they did with groups they've subdivided women in their 30s, women who read summer books. women who cook -- yes, trying to glom on to some of that. in the meantime, you mention that consolidation pieces. this is 1.80, i can't dismiss that comcast was down, there was just a fever pitch again of deals about to occur is it -- put a stake in it that this is -- i mean, viacom can't go buy and somebody else, is there something going on that disney can't go it alone i find that ridiculous >> of course they can. the speculation with disney always revovls around two differents would apple ever seek to make -- i just don't see it, ever seek to try to do something enormous in content with malone's idea that you spin espn off and, you know -- or would disney try to do something to try to buy netflix? even though it would be massively dilutive, those are the deals involving disney, but they don't need to do something. then get to viacom -- but we were talking earlier, if this quarter is at

>> could someone forward my scripp bacscript back to me. >> for some reason my crypt -- i found. >> yea. >> frank lives in huntington, long island with his wife, dog and 100 chiclet pigeons. >> people think that pigeons are nasty, they [bleep] on people, they are not, they are beautiful, they kept me out of trouble. i grew up in the south bronx, i was on the roof with the pigeons. >> frank built a 96 square foot home for his ping o pigeons. >> he has a tiplet. >> he said that taking care of the pigeons relaxes him. >> i come home, let them out. my stress level goes down. >> somebody, tried t try ruffles feathers. >> someone, i had to go to town hall, do if legal. >> he is within the pigeon restriction. >> the pigeons could not be happier, they had babies. >> he has 4 girlfriends. and male helps all mates raise babies. >> we have gay birds too. >> how do you know. >> interesting. >> as a member of american tiplet union, they meet to talk shop, trade birds and see who has the most beautiful pigeon. then i lost one of his babies, he handed me a cute red pigeon, i was petting it, it got whi

it's re knew has already come from there but scripps has a polish business. so there's those that argue this is not about desperation certainly not from discoveries point of view but creating something that creates these super fan mini networks. that's what they all are hgtv and you go through the names on the discovery and sc rirks ipps side. >> they have very dedicated bases of people that watch them and who would pay for an over the top platform that incorporated all of those networks. >> and women, 40%. and women control the purse strings in a lot of houses. >> they do. >> that does have more appeal. i know that they have good numbers. >> yeah. >> they do have good numbers. >> but at the same time there is a threat of skinny bundles and whether or not they have near the muscle to be able to penetrate on those and that continues to be a concern. >> nearly all of sit boeing. >> and the advance decline line not as strong as yesterday but still record highs and all the things that are the market leaders are up today they had rather amazing commentary this mor

. >> in case you haven't heard, discovery communications winning the battle for scripps ned works toe of nearly $12 billion. will one giant network hoping to appeal to younger viewers be enough to combat cord-cutting, or will it put forth its own bundle directly to csuonmers that intriguing question as we explore it coming up swing. huh? don't you mean dad kind of ruined our hawaii fund? i thud go to the thothpital. there goes the airfair. i don't think health insurance will cover all... of that. buth my fathe! without that cash from - aflac! - we might have to choose between hawaii or your face. hawaii! what? haha...hawaii! you might have less coverage than you think. visit aflac.com and keep your lifestyle healthy. aflac! will one giant network hoping to >>> the big merger of the day, discovery announcing it will be acquiring scripps network, va e valued around $11.9 billion. the ceo was on cnbc earlier today with comments on discovery's plans to incorporate this new programming. >> the question for us is do we take food and home and garden, and travel, all of this i.p., do we take

scripps is the parent of the food network and hgtv. your new samsung phone might finally get its voice. samsung lost the galaxy s8 phone, boasted about its ai helper but then the company admitted the app signature voice feature wouldn't be ready and available until later on in the spring and even then only available in south korea. but mao samsung is finally rolling out bixby voice assistant in the u.s. unlike its rival, are apple siri and alexa, bixby is better at understanding natural expressions like what's the forecast for today or show me the weather. back to you. >> but will it show you the money? that's what i really want to know. >> cuba gooding jr. any land right now, i know it's only july, put that aside for a second, disneyland is going all out for halloween. the halloween spirit will be taking overc california adventue park as well. disney says during the week of halloween cars land will celebrate where cars will be dressed up in costumes. we do not have video for that yet. boogie-boogie will hover over the entrance and muc

--el equipo, del instituto de oceanografia de scripps, arrojara sismografos a las aguas el mes proximo recopilados, les ayuden a comprender mejor las fallas submarinas.... --poderosos terremotos generados frente a las costas, pueden causar serios danos a las ciudades de los litorales.... top vo paola --tremendo berrinche!... mire estas imgenes.. una pequeÑa ballena le da un coletazo a su mam.. le diremos porque.... reo que se escap de la crcel de fresno. reveal 2 --joven desaparecido.. una familia hispana de hayward pide su ayuda para encontrar a su ser querido. reveal 3 --condn femenino.. un artculo que pocas mujeres hispanas usan, pero que los mdicos aseguran tienen muchos beneficios. --esto y mas en vivo a las once... paola/three shot --que madre no ha enfrentado una rabieta de sus hijos... take vo --y es que hasta a las mamas ballenas les pasa... --estas imagenes captadas por un dron frnete a a las costas del sur de california muiestran como un ballenato se enoja y decide darle un coletazo a sus mama... lucrecia/cont.vo --y es que aparentemente, el ballenato queria tomar leche pero

scripps owns food network and hgtv. they'll house five of the top paying tv networks for women. it would make more bundle options for cable subscribers. >>> summer olympics coming back to the u.s. but not for 11 years. tonight los angeles officials are expected to announce the deal that brings the games to the united states in that 2028. that would clear the way for paris to host the 2024 games after paris was passed over twice. paris and l.a. will be the second and third cities to host the olympics for a third time each right behind london. >> all right, much more still ahead on "action news" at 5:00 tonight. a check that of forecast for you. >> let's take you live right now sky6 hd showing you the beautiful commodore barry bridge, blue skies, puffy clouds above. meteorologist cecily tynan with that exclusive accuweather five-day when "action news" comes right back. >> ♪ fios is not cable. we're a 100% fiber optic network. and with the new fios gigabit connection... you get our fastest... internet ever. with download s

lauren: discovery buying scripps network for $14.6 billion.d company will have 20% of total cable viewership. investors not liking it though. scripps is known for lifestyle channels, hgtv and the travel channel. discovery, for the discovery network. >>> office depot is offering to buy staples retail store. staples is looking to spin off 1500 stores as part of its 7 billion-dollar acquisition deal with private equity firm sycamore partners. if this sale goes through, office depot will become only nation's big box office supply store where you get kids school supplies and you get office supply stores. >>> playwrite and actor sam shepard died peacefully in his kentucky home. his family says shepard died from complications from lou gehrig's disease. he was known for pulitzer prize-winning play. and was nominated as astronaut chuck yeager in the movie, "the right stuff." he is survived by his three children. >>> oil coming off the biggest weekly gain in a year. check that out. up 1%, 50 bucks. jeff flock, live at the cme with more. jeff, does this

scripps have been talking about forever. couple reasons driving consolidation. already seen a lot on the distribution side of the media equation on the cable tv and satellite side. the content players on the other side of the equation have to think about do i need to bulk up and get some scale to compete with my distributors. cord cutting is real. it's here to stay. if you are a small to midsized cable operator you need to think of where do i fit into this equation. there's been talk about it for a long time. differentbit of a company. it's a family-owned company and to date the family hasn't gotten out of the business. >> that's right. they control about 90% of the vote. despite that potential hurdle a interestedanies are because it has very high quality programming, a very loyal audience. it skews toward women and it is a relatively low-cost programming. that means on skinny bundles and things like that it is getting a lot of traction. between discovery and viacom does one fit better than the other? >> it's interesting that viacom has been discussed. --ipts ca

higher, scripps up 1%. deal could come soon meg whitman is reportedly on the short list for uber's open ceo job. this according to re/code. the hp enterprise ceo hasn't been formally approached yet and she's unlikely to take the gig whitman was an early investor in uber and is said to be quietly consulting for the ride share company. she is fully the economied to hp and plans to stay with the company until her work is done chipotle beat estimates by 14 cents with a quarterly profit of $2.32. separately the company says it's gotten a follow-up subpoena requesting information on the recent health incident at a virginia restaurant. chipotle says it cannot determine whether that will result in a penalty. >>> and another big earnings report to watch later today facebook the social media company out with quarterly results after the bell joining us right now with a preview is cfra's deputy head of equity research. good morning >> good morning. >> what are you expecting? and is there anything we should have taken a