putting pressure on scripps and discovery. both companies' earnings reports fell short of wall street expectations. the combined company plans to accelerate growth of digital and short-form video looking to profit from a loyal audience. even discussing the potential of launching a new direct to consumer subscription service. >> our companies continue to grow. we've expanded internationally. we also very much like discovery. have 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 our stakeholders, the scripps family, our public investors. >> reporter: the deal requires regulators and shareholders to sign off but it's expected to close by early next year. for "nightly business report," i'm julia boorstin in los angeles. >>> meantime the cable television company, charter communications, say it's not interested in the prospect of a merger with sprint. the comments come despite interest by sprint's parent, softba

one company will now control one fifth of all cable viewership discovery communications is buying scripps networks interactive for fourteen point six billion dollars discovery brings 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 brothe

discovery is buying scripps for nearly $12 billion. stocks slid more than 8% and scripps rose a half a percent. combining discovery's tlc and the discovery channel with the travel channel. the buyout still needs approval from shareholders. >>> and valerie jarrett has joined the board of lyft. >> she is the second woman on the board. she was one of president obama's longest serving advisors and his assistant for governmental affairs. and hbo says it has been hacked. the hackers stole upcoming programming but wasn't specific about which ones. the hackers leaked written material allegedly from next week's fourth episode of game of thrones. so far none of the show's episodes have been leaked online. >> i would not mess with game of thrones. thank you. >>> still ahead, the closing of painful chapter in cubs' history. >> into the stands and couldn't get it. >> the cubs fan known as bartman gets a dazzling honor. nearly 14 years after an infamous foul ball play. (grunts of effort) can we do this tomorrow? if you have heart failure symptoms, y

. >> viacom lost out on the scripps network deal this week would another deal make it a more attractivetock. up next, a bull and bear square off ahead of the communication giant's earnings so that i can take my trading platform wherever i go. you know that thinkorswim seamlessly syncs across all your devices, right? oh, so my custom studies will go with me? anywhere you want to go! the market's hot! sync your platform on any device with thinkorswim. only at td ameritrade track your pack. set a curfew, or two. make dinner-time device free. [ music stops ] [ music plays again ] a smarter way to wifi is awesome. introducing xfinity xfi. amazing speed, coverage and control. change the way you wifi. xfinity. the future of awesome. >>> welcome back i didn't see arthur, but there was some buy interest on the close. >> he's around here somewhere, always is. >> factored in at this point. >> seven minutes to go and dow is up about five point right now everyone else still in the red. >> viacom set to report earnings after the bell take a look at what shares are doing going into the number. having

. >> discovery communications has agreed to buy scripps networks.is valued at $14.6 billion, including debt. their negotiating leverage and will expand internationally. they tried to get this deal done three years ago and they cannot get together on price. >> the scripps family probably said this cord cutting thing is a risk to our business and the benefits of getting scale with another player x more sense and clear to us now than three years ago. i think that was a big issue. price helps, too. they are getting a full and fair value here, from the discovery and stocks.cash this is a great transaction, i believe, for both companies. >> softbank's ceo is said to be continuing his pursuit of charter communications, after proposal to merge the cable provider with sprint was rebuffed. he is considering a plan to buy charter outright. he really wants it to work. >> he does. he wants to do something with sprint. he failed to turn it around in the years he has had it, and he fails to invest in the company, as i said before. he is refusing to put money into

. >> discovery communications has agreed to buy scripps networks.t of hdtv and food network. the deal is valued at $14.6 billion, including debt. the acquisition, negotiating leverage with distributors and expanding internationally. they tried to get this deal done three years ago and they could not get together on price. what has happened between now three years ago, but scripps family probably said this cord cutting thing is a risk to our business and the benefits of getting scale with another player really makes more sense and is clearer than it was three years ago. i think that was a big issue. price helps, too. they are getting a full and fair value here from discovery with a mixture of cash and stock. this is a great transaction, i believe, for both companies. ♪ >> softbank's ceo is said to be continuing his pursuit of charter communications, after a proposal to merge the cable provider with sprint was rebuffed. he is now said to be considering a plan to buy charter outright. he really wants it to work. >> he does. he wants to do something wit

discovery making the 11.9 billion deal to buy scripps networks interactive.e struggling with the changes in the media space, such as declining ad revenue. the newly combined company will be worth some $22 billion. that's more than viacom, which is the next biggest tv company by market value. >>> i also want to talk about reddit. they've raised $200 million in new funding. proceeds will be invested into its business, such as building the home page. >>> last but not least, apple is reporting numbers after the bell later on today. analysts are expecting earnings of $1.57. the focus is not so much on the actual earnings. because we're coming towards the end of a product cycle. the focus will be on the guidance for the next quarter as we see the launch for the iphone 8. there will be supply issues with some of the models. back to you. >> thank you so much. >>> still ahead, people in florida bracing for yet another day of heavy rains as the remnants of tropical depression emily makes its way out to sea. bill karins will have the latest on that and which states are

the reason we bought scripps is we bought ip company. we don't have any chance that are broad and general interest. we think future is people that are love with brands and show. that's something that you do better than anyone else, ken. >> if you have home category, travel category, again, globally what we have been able to find, maria, that the people are obsessive about home in the states are the same in countries around the world. the connection that we can find. hgtv has been the number one cable network for upscaled educated women. that's gold. those are the decision makers, that's an exciting element of what we see in the future. maria: congratulations to you both. thank you so much for spending the time this morning. we appreciate it. david kaslav and ken lowe, the new kings of cable. there you go. thanks, gentlemen. keeping an eye on the storm, tropical depression emily turning back after drenching florida and leaving thousands in the dark, where it could move next. why the fast-food chain could bring back classic sauce thanks to

. >> they're not working on consumer health apps, but scripps health manager said amazon's health and apple technology combined with machine learning could prove to be a game-changer in consumer health. >> the ability to interact with an individual consumer with, their data and the world's medical literature, no one has done that yet. >> it's still early days, but a number of the major insurers say they are looking at possibly using the technology with their medicare population. to help seniors age in place at home and not in a facility >> and feeling connected, like yvonne heels, having alexa at the ready. >> i think of her as a person. but she's really just a machine. >> one who helps her reach the people she needs >> alexa, open please. >> experts warn that they will need to address privacy issues to try to safeguard medical data collected by these always-on devices. >>> up next, we're on the money -- hurricane, blizzard, flooding nothing you want to see when you're on vacation what if it actually happens? we'll tell you what you need to know about travel insurance. >>> and later,

discovery communications is buying scripps network. discovery communication is based in silver spring. hdtv, the travel channel, and the food network. >> say hiring blitz in baltimore. amazon is looking to fill more than 50,000 jobs at warehouses across the country, including the one in charm city. >> one of the greatest signs of summer, county fairs. veronica johnson veronica: this is the kind of whether i like. from now until the first week of september, this is the time we .ick off the fairs fairfax county fair is starting this weekend. around the corner, montgomery county fair. a little bit of patchy fog. lift in another two it hours. high pressure moves off the coast. we will have more humidity coming our way. today, you will notice the stickiness out there this morning. we will push into the mid to upper 80's again today. philome, that may make it -- may make it feel hot. here is it starts to fill in at 3:00. some thunderstorms moving through the area. the weekend, lovely weather. saturday, any showers or storms will be early in

the hackers and emails to out lax claiming to put next weeks scripps online. the thieves claim to have information on the show butlers in room 104. hbo is the latest company to be hit by a cyber breeze. information has been stolen from netflix and sony. >>> let's bring in our chief meteorologist. it sounds like it's going to heat up this week. >> there's a huge fog bank. >> it will keep the bay reasonable. that's where the heat advisories will be in effect. sacramento, vacaville, fresno, for the whole week. sacramento, for the entire month of july. they've had over 90 degrees. it's going to stay hot. sacramento will go for 100 degrees straight. that's for that heat advisory. these are the highs for today. highs tomorrow, i think fairfield will be at 98 degrees. it is going to be in these inland spots. just right in here. around the bay and even in san jose, it will get into the 90s. the cooler air and the seabreeze coming our way. that will hopefully keep things better for most of us. here is the heat advisories. is not a heat warning. there is a heat warning

. >> discovery communchingses has agreed to by scripps network and the food knelt work.t is valued at $14.6 billion. negotiates leverage with distributors. they tried to get this deal done about three years ago. they couldn't get together on price and other issues. i think what has happened between now and three years ago is the family said this cord cutting thing is it a risk it our business. the benefits of getting scale with another player, that really makes a lot more sense. it is a lot clearer to us now than three years ago. price helps too. they are getting a full and fair value here from discovery mixture of cash and stocks. this is a great transaction, i believe, for both companies. >> softbank's ceo is said to be continuing his pursuit of communications, after proposal to merge the cable provider with sprint was rebuffed. he is considering a plan to buy charter outright. he really wants this to work. >> he wants to do something with sprint, he failed to turn it around in the years and he has had it, and he has failed o invest in the company. he is really refuse

and deliver it to where the money source wants it to go with the name and identity of the source scripp sd away so the donation to the george c marshall institute just says donors trust. it is an extra layer of deceit that helps protect these big powerful corporate interests from people and their hands at work and not some innocent sounding, impressive sounding public research group. so, if has kind of a gnaw farious role in protecting these groups from accountability for who they are that can be proven by where they get their money. they sever the link so the money comes from this neutral place it is called donors trust. it washes away the money for that exact purpose. >> how serious do you consider the problem the way non-profits are used as a way to influence the political system even though they are under law a non-profit organization? how serious do you consider that issue? >> i think it is pretty darn serious. first of all in some cases by hiding the donors. they can hide who is behind them and they can speak as if they are independent when in fact they are the glove over the hand

discovery communications agreed to buy scripps network, the parent of hgtv and the food network.is valued at over $14 billion. this could help discovery cut costs come again negotiating leverage and expand internationally. tesla continues to fall after unveiling its model three. however, optimism about the electric car has contributed to the shares climbing 53% this year. elon musk said ahead of friday's events that tesla took in over 500,000 deposits on $1000 apiece. will the car live up to the hype and appeal to the masses? ouring us now for more is reporter who covers everything tesla. elon musk drove up onto the stage and jumped out like a rock star. what are the reviews so far? >> the early reviews are very positive. this is part of the tesla dna. it feels like a tesla. it was designed by the same design team. you look at it and compare it to the other cars and it is part of the tesla family. people are happy with this. emily: the big question, here he is, we have to watch. here he is stepping out of the car, lots of applause. the big question of course is, can tesla deliver

discovery communications which owns tlc and animal planet is buying scripps networks. parent of the food network and hgtv. the deal is worth almost $12 billion. together, they make up 20% of cable viewers. combined, the two will have more muscle in negotiations with tv distributors and streaming services. so that's necessary as the cable biz faces increasing pressure from online video. >>> a lot to get to because, again, it was a great day at the white house and a chaotic one. "early start" continues right now. >>> did president trump dictate the initial response to his son's meeting with a russian lawyer? a major report this morning that could spell further trouble for the commander in chief. >>> and it didn't take long for the new chief of staff john kelly to make his mark. anthony scaramucci is out as coms chief. john kelly putting a quick end to a whirlwind 11 days. boy, the new york tabloids are having a field day. "va-mooch" reads the "new york post," "adios mooch-cacho" another. two down. >> i love that. >> what a day it was. it is tuesday, hard to believe. good

jimcramer is not some handsome gardening personality being courted by the discovery at hgtv owning scripps site to post outrageous pictures of mr. nvidia, rolling around on the floor, celebrating a new high it's me! and when i'm not posting pictures of my guardian haul, how about my eggplants, did you see those eggplants, i like to answer your questions about the markets. tweet me @jimcramer, #madtweets and i might answer it on air first tweet comes from hector rodrigu rodriguez. what's your thoughts on fit bit? i see they loss less and they had better revenues and there'll be someone who upgrades it and says it's time i feel that it's -- you know what, it's just an okay story. and i don't look for a takeover, whatever, because they're a young company that doesn't want to sell. it's just an okay story. i actually like gopro more than fit bit. isn't that saying something? in this next tweet, we've g got @charbob says, you're not the only farmer heart. our birthdays are on the same day. you went to wall street, i became a california avocado grower well, sir, because i know from bar san migue

this point if you recall before they announced their big deal earlier this week it was on monday, scrippsry. they came in a lower advertising, domestic advertising number that had been anticipated. it was up over 2%. time warner which is going to be acquired by at&t and didn't have a call but had guidance as well for domestic advertising is going to be a bit lower. i'm not sure of the language on whether we have that or not but they indicated as well domestic advertising weaker than had been for the next quarter or the current quarter down 2%. that's going on in terms of why the stock is down but why is advertising domestically some what weak? believe it or not a lot are watching news. >> news has been doing very well take a look at your top networks in any given cable networks or cigme segment. women are big consumer of news >> comcast, nbc networks also domestic advertising not strong. >> shouldn't it be stronger then. >> this has been across the board. don't forget the larger issues which is there are fewer subscribers. it is happening. let's call it 2 to 4%. that's 2 to 4% you're goin

both between distributors and content and the content player so both more time warner, at&t, and scripps. >> where do you see 21st century to accident? given the murdoch family, given where they are what did they do in this landscape. right? you have redstone family on one end with viacom and cbs. then you have the murdochs then you have everybody else and they're all getting bigger >> i think it's going to be a tale of two cities where you have media conglomerates who are large enough on their own. think nbcu, comcast, maybe fox. then the other side of the cable equation which the free radicals, something's going to have to happen there we've seen the beginnings of that with discovery scripps. and that could continue. >> but nothing has to happen on the 21st century fox side. >> you think they'd be large enough on their own. they did buy sky they are making it into distribution maybe once they own sky, they take a sky branded product over the top in the u.s. they're large enough to have the option to go it alone versus the smaller operators. >> we're going to leave it there. brent, than

this stock got crushed they warned on earnings that scripps gave lower than expected guidance in termst off and on to a direct consumer platform after that. >> try to look at the numbers for shark week and of course it came ill timed just when the safe was discovered. people don't believe that. >> that was a long time ago but it's like yesterday when it comes to us swimming there. >> a lot of names we haven't gotten to including papa johns but dow is up 65 let's get to bob. >> dow 22,000. yes we have a hat for every round number for the dow jones industrial average and that's what they're wearing down here apple is up $9 and that's put us over the top they're also on the upside i want to point out what got tous 22,000 right now. mostly it's boeing 400 of those points of the 1,000 we had has been boeing but this was the close up yesterday. pretty small numbers you got 4 to 5 stocks that moved us up here right now europe is down and the strong euro has been a problem. look at germany that's the orange line it's been going down and i don't know where it's going to resolve itself but they

nrg, short squeeze they got it together scripps was a takeover freeport and netflix, i don't know, combination of "house of cards," "stranger things," some of that foreign stuff. >> some wondered what earnings season would feel like if google reported before netflix or amazon >> i have been going over that google quarter and ruth barrett, who i have a financial crush on, they're doing, what is it, sand energy >> yes. >> they do -- they were not conforming to the recognition that it cost too much. if i had to do that conference call over, orchestrate that, i would have done -- i would not have said -- i would have talked data center, client take, just like amazon. i would have talked wainwright. >> that's your side business conference call corps ychoreogr >> absolutely. jerome prince from the old days. i'm surprised these guys don't orchestrate it the way i do. i have a bernstein score i'm partial to bernstein scores. these guys are all learner and love they think it's camelot or something. there's a law passed who says they can't be disappointed. >> rogers and hammerstein were pretty good. >>

discovery will pay $11.9 billion for scripps network interactive.paid television audience. discovery already has the own and tlc channels. >>> in the dallas morning news, a couple must pay more than a million dollars for ruining a wedding photographer's business. a jury found the couple defamed the photographer online and in tv interviews. the feud started when the couple accused the photographer of with holding their wedding photos in a contract dispute. the couple may appeal. i mean, wedding photos are expensive, but a million dollars? >> this type of stuff happens on yelp, but a million bucks? all right. >>> president trump has awarded his first medal of honor to a former army medic in the vietnam war. >> today we pay tribute to a veteran who went above and beyond the call of duty to protect our comradecomrades, ou country and our freedom. >> specialist received the highest military honor yesterday. he was 23-year-old private first class in the raging battle of vietnam. he willingly entered the kill zone to rescue his comrades. he refused to evac

with experts in the field of science, by engagerring with and learning from institutions such as the scripps research institute, and the university of florida. also we compete in many competitions that are not only for middle schoolers but also for high school students. these competitions include but nor limited to the national space society, space settlement competition, army corps of engineer high school engineering come particulars and the explorer competition. we hope to lead the way to a more steam thinking approach, to better preparing this generation for the jobs of the future. to pursue these goals all of our future missions will be driven by rigorous scientific questions that will continuously evolve as we make new discoveries. brand new technologies will enable to us explore mars in ways we never have before. rulings in higher resolution images, precision landing, and even the return of martian soil and rock samples for studies in laboratories here on earth. in order for the mission to be a success we as a country need to come together and realize that going to mars benefits us all

we saudis cofry go after scripps, a lot of deals as a result of these two getting bigger.re up president trump's business credentials, if you will, and this is particularly important because donald trump did attack this deal as we have talked about before. at&t, a deal we would not approve in my opinions because it's concentration of power in the too few. maria: he said on the campaign trail. dagen: this is why it's important. he's going to walk a different talk. >> i hope they don't come in at a late stage and try to do reversal. that would be bad for markets. at this point it has to go through. if the rule of law is going to prevail, expectations are going to prevail -- >> keep your eye on the twitter. dagen: i was going to make a bad joke. maria: go for it. dagen: head of cnn maybe isn't the head of cnn -- maria: what concessions are they going to do? does jeff survive the deal ahead of cnn? there's no military solution for curving north korea's missile program. >> in close collaboration with our allies, there are strong military consequences if dprk initiates hostiliti

dagen: i'm surprised that it took disney this long and again with the discovery scripp's deal and nothers and not deliver through third-party applications, netflix, amazon, hulu, you name it. >> there's no question that content is king and a lot of the companies that own the content haven't been maximizing in the same way that the new-comers have and interesting to see how it moves forward. when you think about talented artists and musicians, they don't necessarily benefit from content as much as they could. >> don't you think that the prestige of the online platforms is so much less than the networks or the studios or whoever? kevin: it's all about artistic expression. dagen: there is not. they're just isn't and if they think -- i think this is evidence of that. there isn't. they -- pay me and you can do with my content whatever you want to. >> my dad always say don't care what your title is, just get the money and run. dagen: right, network news broadcast, i have to go work for nbc, why? [laughter] dagen: sorry. coming up, no laughing matter, packers deal another blow to hbo. the co

. >> scripps monogramming. head to today.com for all the colors.t know. this pillow is very comfortable. thank you. >> these retail $99 to $109. foam for optimal recovery. it's the memory foam. it helps with neck, shoulder, and head for proper spine align. it comes in two sizes. retail $99 to $109, retail $39. >> that's a nice pillow. >> i actually started sleeping with that. >> it's nice. >> next thing. the frog hill designs lacquer jewelry. retail $89. >> nice gift. >> comes in eight colors. fill it with jewelry or anything you have. i know you have watches or keys, whatever you want next to your bed. cool house warming. $89, deal $3 4, 62% off. now that you've woken up, it's time for the shower. the robe comes off, time for shower. towel sets. retail $140. six-piece sets, two bath towels, hand towels, washcloths, luxurious and super absorbent. >> oh, my gosh. how much for the towels? >> retail $140, the deal $49. that's for the set, 65% off. >> dean, will you sit down? >> yes. >> oh, yes. >> i just got out of the shower. there we go. >> now is t

be for shareholders content getting to fairly high the highest in media space with discovery and scrippsand that's the next wave of consolidation. as opposed to the type of matter >> that would take two years to close. that would be very complicated >> that's why it's perfect timing for iger. >> tuna, thank you very much disney's chairman and ceo bob iger will join julia borgia during the closing bell. >>> alan greenspan joining us friday and sounding the alarm. but mark gntra said greenspan has it all wrong he'll be here to explain in just a moment ♪ >>> welcome back, you're watching "squawk box." live in the nasdaq market site in times square. >>> good morning, welcome back to "squawk box." take a quick look at u.s. equity futures at this hour on this tuesday morning. dow jones opens up 5.5 points higher s&p up 2 points, nasdaq up by 1.5 points >>> shares of twilio up big. reporting revenue of $95.9 million. that's up 45% over the year. the revenue beat comes despite twilio losing business from one of its biggest clients uber this year twilio offset that loss with a growing number of o