trading value for our shareholders the legal dispute they're referring to is between moonvez and sheri redstone'sional amusement. national amusement sued back saying cbs did not have the right to do so viacom shares moving higher today on the news about 4.5% redstone's representatives issuing a statement quote, the malicious insinuation is false and self-serving ms. redstones hopes the investigation of these allegations is thorough, open and transparent. if the claims turn out to have merit they expect moonves to be forced to step down. also warning that viacom shareholders would not rate the successful premium right now we're awaiting that article from new yorker. >> the latest tweet from ronan farrow didn't suggest tomorrow, tonight? >> well, i heard earlier today that it was supposed to have already hit this morning and then i heard it was coming at 3:00 p.m. eastern, so who knows. >> julia, thank you very much. no doubt we'll stay in touch with julia the next couple of hours if it does come and hit the wires. guys, big move in the share price. how crucial is leslie moonez to cbs? >> is it too

sheri redstone says that moonves does not have that right, and there's this legal battle and that's headedt in the fall but this august 10th meeting has been delayed i think that indicates that battle is going to take a back seat at least for a little bit at least beyond august 10th it's going to take a back seat as this investigation gets under way. it'll make sense the board will want to delay that meeting while they figure out what's going out here >> obviously there's a great deal of loyalty in the company to mr. moonves more reporting to be done, i think it's nar to say. >> all right, we're glad to have you and julia. meantime jp morgan ceo jamie dimon talking about interest rates and the stock market in particular wilfred frost back with the exclusive highlights of his chat >> yes, indeed, a wide ranging conversation with the chairman and ceo of jp morgan i asked mr. dimon whether or not he thought the fed was hiking rates too fast >> i personally think the ten-year bond is going to be going up not down. like i said for good reasons with an inflation of 2% would be 4% so we've had a

here in sun valley and what's next for cbs and qualcomm we could see some interactions between sheri redstoned cnbc ceo less munez so who are the deep pocket buyers here who could do the next wave of megamergers it's worth noting the soft bank is on it list with $100 billion vision fund. apple's tim cook or amazon's jeff baizos, they could be ready to snap up one of the media or content producers. and they're reportedly looking at buying groupon. in addition to groupon viacom could be one, and liberty global could be a buyer or a seller and it's worth noting all the sports folks who are here, all the various commissioners of leagues and some team owners as well >> what an exciting backdrop there. the ceos of the media industry julia boorstin keep us posted. thank you. joining us to discuss, nice to see you both so robert, comcast i guess is where we should start. what do they do next our parent company, we should also note. >> well, they have a challenge, which is surprise that disney was able to put this together so quickly. i got kaulds frcalls from invesd others asking about questions abou

last evening video of that as you know three months' time has go in court in delaware facing off sheri redstonegal battle over voting rights agency cbs, so a lot of freneemies, competitors. >> great spot thanks so much, in as you know valley, changes for pfizer a shake-up the drug company announcing a plan to reorganize, into three businesses, while also says, no, we won't raise prices on drugs apple leak reportedly confirms and have iphone cancellations, details as dropped models there are back in a moment. ♪ ♪ don't want to see anymore ♪ ♪ - [voiceover] this is an urgent message from the international fellowship of christians and jews. there is an emergency food crisis for elderly holocaust survivors in the former soviet union. - this is a fight against time. what we're dealing with is coming out, meeting someone who's 85, 90 years old, can't get around, has no food, has no water, and just wants to give up and die. and that's where we come in. we are called to comfort these people, to be a blessing to their lives. - [voiceover] for just $45, we'll rush an emergency survival package to help on