sinclair will acquire a new subsidiary.s investing in the business and will help supply content. that is the business flash update. joe: coming up, the oracle of omaha embracing amazon. warren buffett into technology after mostly avoiding the sector for years. ♪ the latest innovation from xfinity isn't just a store. it's a save more with a new kind of wireless network store. it's a look what your wifi can do now store. a get your questions answered by awesome experts store. it's a now there's one store that connects your life like never before store. the xfinity store is here. and it's simple, easy, awesome. >> i am mark crumpton with bloomberg first word news. president trump confirms that he spoke by phone today for over an hour with russian president vladimir putin. during a meeting with the visiting prime minister, the president told reporters that he and president putin spoke today about several issues. >> we talked about many things. venezuela was one of the topics. he is not looking at all to get involved in venezuel

>> well, sara, sinclair announcing that sinclair broadcast group is acquiring disney's 21 regional sportss from disney at a valuation of $10.6 billion for those 21 networks. now, sinclair is paying 9.6 billion adjusting for some minority equity interest byron allen, he's a big media executive here in los angeles, he'll become an equity and content partner in this rsn holding company. in this press release sinclair pointing out there are some portfolio delivered combined $3.8 billion in revenue across 74 million subscribers, just giving a sense of the reach of these 21 networks. a note here is that this sale does not include the yes network. we've reporting on this and our sources tell us that they're close to selling the yes network to a consortium including the yankees, which would have the biggest stake. amazon and sinclair broadcast group as well as some private equity companies will also -- are likely to purchase that yes network which is the remaining piece of this. and that valuation we expect to be around $3.5 billion guys, back over to you >> julia, thank you. we're going to have

we know what sinclair -- the financing.n: what i did, i put personally, a small amount which i can't disclose. >> $10 million, $100 million? byron: small is relative. i put in a small amount personally because allen media does have debt and we have investors in our debt and i would never invest capital of allen media of something we don't control 100%. we love the idea, the platform. ofdoesn't fit the profile allen media but i, personally, will do it. it is literally a personal investment. but, allen media has to have a seat at the table in providing content. they immediately said, this is perfect. you have been providing content for us for over 25 years. media, upside for allen none of the downside. allen media is something i own 100% of. obviously it is very key to me. when you have stakeholders in the form of debt, you want to be very careful. we see in this opportunity to provide content. whether it is the weather channel, which i bought last year -- i bought that from bain and blackstone and comcast. the weather channe

sinclair broadcast group acquiring 21 regional fox sports networks that disney had to sell following its measure v merger with 20th century fox. the deal valued at $10.6 billion. sinclair ceo chris ripley joins me now for an exclusive interview live from the jpmorgan technology media and communications conference. a very good afternoon to you, chris. thanks for joining us. >> good afternoon. nice to join you >> let's talk about that deal first of all 10.6 billion 21 tell us how that price evolved including the market was pleased that you paid essentially less than could have paid >> it was a very lucrative deal for sinclair the $10.6 billion headline price translated into a 6 1/2 times acquisition and 5 1/2 times after tax benefits and was over 100% accretive to our free cash flow per share so really just a once in a lifetime outcome to acquire a strategic asset in the media space. and the reason that happened was it was a forced sale by the doj and the other larger -- large cap media companies couldn't participate in the option for various reasons. so it really did leave sinclair as

sinclair shares rose to 44.95. our weekly market monitor who likes companies, he says are not just leaders in their industries are names that will hold up in an economic downturn. joining us is the portfolio trust.r with rockland welcome back. nice to have you here, matt. >> thank you for having me, sue >> so these are leaders, but they're a little bit of a downturn hedge, i guess, is the best way to put it because you say if things disappoint you want these nnd let's get to the first one which is raytheon. it?do you like >> so raytheon is a company that's not going to be beholden to the business cycle and the defense industry is a growth industry going above inflation and that's accelerated recently anig they're in the vertical with missile defense and cybersecurity and we've all heard the stories of hacking and electronic surveillance and raytheon is in those verticals that are helpful for their growth and we do expect t dt they'liver 7% revenue growth which revenue growth is hard to come by that helps them deliv

. >> sinclair. hopefully you will do it for the country. sen. booker: thank you. hi. >> quick question. nice to meet you. sen. booker: nice to meet you too. i will do the selfie. i have pretty good skills. >> i hear you are really good at it. thank you so much for your record on supporting women. last week we were all freaking out. just wondering as president what could you do to keep women's choice to them that you couldn't do in the senate? sen. booker: one of the things we have to do is make roe v. wade more of the law the land, passed legislation on it. remember georgia did this by , suppressing a lot of votes. most georgians, 70% don't agree with this bill. a lot of anti-democratic things are happening. we need to make sure we are fighting. lawswomen vote, walls -- like this do not get past. to affirm voting rights, solidify and codified a woman's right to control her own body and push back. >> thank you very much. appreciate you and thank you for everything you did for doug jones. sen. booker: thank you. >> i am her husband. she is a political person. sen. b

it is a big push for sinclair which is primarily focused on local channels.lans to acquire the network through diamond sports group. coming up, the european union's battle with big tech continues. we discuss the latest on the antitrust crackdown next. this is bloomberg. ♪ ♪ emily: in march, the european union hit google with a $1.7 billion antitrust fine for abusing its dominant position in the ad market. the third fine against the tech giant, an open probe on the company, but the eu competition commissioner says the antitrust crackdown on big tech is not done yet. she sat down for an exclusive interview. take a listen. margrethe: if you want to say we are fine with the loss of competition, higher prices, less innovation, then you should also say who is going to pay? that is also always the tricky point because if you lose competition, of course, there is a bill to be paid. maria: would you see the standards almost be brought down that some countries have suggested, what does that mean for the independence of the european situation? margrethe: the european un

sinclair is set to acquire sports networks from disney.his is bloomberg. ♪ thanr: tesla jumped more 4% after doing something elon musk said it would not do and that's borrow money. planning to raise about $2 billion. no one at bloomberg knows more about tesla than janet in san francisco. $2 billion -- you are looking at a company with only $2 billion of cash on the balance sheet. you have spending of $2.5 billion projected this year. i think my first question to you is -- is $2 billion enough? >> it seems like it's the minimum they needed to raise, right? if you look at the forecast and fact cash balance and the that any ceo wants to operate with a cushion in case there is a recession. $2 billion is at the low end. we will see how it prices. i don't think it is priced quite yet, but this is the ongoing thing with tesla. they are always raising money. there was a period where musk insisted they were going to be sustainably profitable. they had two profitable quarters, that could negative in the first quarter, and now they just have really b

his father that is bothered chesterton because he felt sinclair lewis was mocking main street and he, chesterton found main street america to be one of america's most laudable assets. chesterton talked about the importance of local governing practices, societal arrangement he saw on the decline and which he thought americans should work to recover. a true democracy observed was a system where the people knew and lived near those who governed them. he argued we should make policies as local as possible. he added while making a serious point that we should keep politicians near enough to kick them. like tocqueville, chesterton noted the individualistic tendencies. while he wished for more local governance, he liked the still salient habit of joining together. we saw the power that is the sole and success of democracy. to my fourth and final visitor, the egyptian sayyid qutb, who was here between 1940 and 1950. he was less attentive to volunteerism and association life even though he participated in a number of associations including the international club at colorado state college in gr

they partnered with sinclair and amazon in that transaction. the justice department is weighing in on the federal trade commission's fight with qualcomm. they asked for a hearing on the possible funnishment as the -- punishment as the judge decides. the doj argues the punishment has to do as little harm as possible. carnival is the first u.s. company to be sued over property seized by the cuban government 60 years ago. carnival is accused of using buildings where cruise ships were anchored in cuba without paying the owners. carnival launched the first cuban cruise in 2016 after bo president obama eased restrictions. president trump reversed the decision. the property owners are claiming it is worth $45 million. carnival has dismissed the lawsuit. they say they u.s. government sanctioned all of its travel to cuba. this lawsuit doesn't stand, in their opinion. lauren: we have sad news coming from a galaxy far, far away. the man who brought to life chew baca has died. tributes from fans and co-stars pouring in. harrison ford called him a kind and

. >> sinclair bought it, as we were first to report, about $10 billion.s what he had to say. >> whether or not if you own a station in a particular market as well as the rsn, are they competitors, do they really pose the same competitive harm as say owning two or three stations in the same market, broadcast stations, i'm talking about, is a question for our investigation and analysis and every one of these will be fact-based. >> what he's basically saying is the thing is probably going to go through. he's not seeing any major antitrust implications at sinclair owning rsns where they own their local broadcasting. they are going to purchase it. another issue that was big at milken was fannie and freddie. lots of movement in these stocks. people think it's going to be reformed, released and recapped and released. liz: donald trump wants to get -- >> he wants to get rid of it. but we spoke to one of the experts, eric caplan. i asked him how long are people going to have to wait for this thing to happen because they think it's happening tomorrow. here's what h

sinclair broadcastas upgraded to buy from neutral at b. riley fdr. the analyst calls the company's recently announced deal to acquire 21 regional sports knelt works a home roam. $57. nnat deal wasnced late friday. to date stock was soaring by 38%. and dish network was upgraded to neutral from underperform at credit swis credit suisse. price target now is $34. shares finished right a that level of $34.71. >>> still ahead, what did it know and when did it know it? it's a question that has been asked before and now it is being asked about boeing. tlnceps are newts that boeing may have waited several months before notifying airlines and regators that there was a problem with a safety alert system on the 737 max. that news and the increased ssade tensions between the u.s. and china ped that stock into n. today's session. phil lebeau has more tonight. >> shortly after boeing devered the first 737 max in 2017, theompany discovered a safety alert on the plane was not working. the alert involved the angle of attackto indi. a vein on each side of the max nose

hillary was leading all the way 12:00, sinclair would know -- ask this news thing. they broadcast results late to me the night of the election. -- check into the news people. they've done it before several times. i trust c-span. you guys know. unfortunately, i have robert mueller back -- please trust called the others, but i support you so much. host: let's hear from andrew in white plains, new york. caller: good afternoon. so far so good. i think mr. mueller just declared that he will not be testifying before congress. message as keep his straightforward and clear as possible. he's given a lengthy report. it sets forth what his findings were and what his concerns are. he made a special point of emphasizing the fact that russia had attacked our democratic system and they will do so again and we need to pull together. the president needs to stop playing patsy with mr. putin. host: here's rebecca from nbc digital. mueller says he doesn't want to testify before congress. testimony before congress will not go beyond the report itself." we are getting your reaction to th

last november i was asked to tour 15 american cities affected by opioids by sinclair.irst call i made was to first lady melania trump, the very first call. i asked if she would help bring awareness to this epidemic by joining me on tour. the first lady immediately agreed to join the tour. we started at liberty university. it was packed with 12,000 attendees; students, teachers, family members, community members. the first lady was amazing. she was gracious, empathetic and showed true compassion for the disease. the crowd adored her. i went on to d.c., then to asheville, north carolina. i went on to other cities, columbus, san antonio, seattle, but wherever we went, the calls came in. people just wanted to tell us about the first lady and how she was inspiring people to get help for their addictions. then came las vegas, and that was a game-changer. we were met by a long line of people there to see the first lady and share their personal satisfactory with her. -- their personal story with her. the first lady, lady m., if i may, you and i were on that stage in las vegas.

andrew sinclair is our political editor the east of england.rmouth, tell us what is going on. the story of the night as you said it has been the lib dems who have picked up two councils overnight, north norfolk which you mentioned, they doubled the number of seats they had on that council to take full control of it. previously it had been run by the conservatives as a minority administration but the big story of the night was down in chelmsford. until yesterday, the lib dems had just five seats and now they have 31 which is why you saw vince cable there earlier congratulating his party supporters. the lib dems cannot believe how well they have done down there. and they have had su ccesses a cross done down there. and they have had successes across this very conservative region, making gains in southend, which helped take the council away from the conservatives, and it did no overall control. as you said, it has been a very bad night in places for the conservatives, losing peterborough, basildon and southend, failing to ta ke basildon and southe

let's cross to norwich now, where our correspondent andrew sinclair can tell us more. will try to sort out the gremlins in the technology and get back to him. now, the weather. simon, slightly earlier than planned! su btle subtle changes in the weather turning cooler compared to recent days. still pleasant enough. this is the scene at the moment in edinburgh, lots of sunshine. cloud increasing across the south east of england, eventually into the midlands, central and southern england into the afternoon. cloud and western areas making the sunshine hazy. increasing cloud, uv levels are still high and temperatures pleasant enough but 14-17, temperatures pleasant enough but 14—17, perhaps up to 20 in the north of scotland. through tonight, cloud thickening up across england and wales. some patchy rain starting to move its wane, clearer spells further north and west, temperatures down to around 7—9. during friday, cloudy day again. some are showery outbreaks of rain for england and wales. into the south east of scotland. 0therwise sunny spells and temperatures down a degre

attempted murder is in the pastjailed for 16 yea rs murder is in the pastjailed for 16 years and andrew sinclairn. 0ne victim was chased through that. the judge said such a recklessness put the public in great danger. the notion this is a private feud couldn't be further from the truth, he said. three men all attacked by masked men wielding hatchets and machetes. the next victim was ryan fitzsimons. just week after completing this run, he was left unconscious and brain—damaged. completing this run, he was left unconscious and brain-damaged. he was a hard—working man living peacefully with his mother. his brother was said to be an associate of the daniels family but this was not in any way the responsibility of ryan fitzsimons. as a result of the extent of injuries sustained during the attack on him, he's had to give up the attack on him, he's had to give up work and is dependent on his motherfor his care up work and is dependent on his mother for his care and support. then the last big and that terrifying car stephen daniels skoda 0ctavia was rammed with such force he was left unconscious in the

>> guys, yesterday i did not pay close attention to shares of sinclair broadcasting which, of course, auction that we follow for so long, they emerge vict victorious they get cash flow projections obviously they're a huge station group, they talk about concerns of leverage and buyers and leverage well, they may have some because of their broadcast networks and retransmission and the leverage that may give them the stock went up was a rocket ship for sinclair >> some upgrades it is crazy. >> take a look at that thing it just took off and see at the oe end of the chart >> what's left to buy, ftc won't let us this falls right in their lap. >> nobody else wants to pay multiples. they're paying as a good deal. there are still questions. they are known for cutting things and local tv stations and all the chairs are warn out. they get new furniture the investors love it. >> sounds like the end o of -- well, i should not go there. >> howard stern at the end where -- do remember pink vomit? >> oh my god >> this is deep stern fans >> it was the greatest movie ever made. >> guys, beyond meat. >>

right wing media circles that i cobbled together foxes at the epicenter but also great breitbart sinclair salem daily wire daily caller. "washington examiner" and that's it. and that is pretty surprising to think so few outlets really are able to have the power that they do. the way that i compiled these outlets they have a very specific set of qualities. they are very distinctive that with the mainstream press it's that they are openly oppositional and in their mission statement they state their purpose is to provide a counter narrative or a counterbalance to the mainstream press to the journalist out there fox news is the exception and they do have excellent reporters but the trina drives fox news it's really their opinion side so most of the stuff that you see is really commentary. they are self reinforcing and even t ted comes into this but they don't compete with one another for clicks and hits and they want the ratings but they aren't doing the battle to scoop each other they are not competing against one another but reinforcing one another especially with the narrative that they co

readsure many of you have upton sinclair's "the jungle." what thisreflect on alter the human relationship with food. meat historically is a local product. it is consumed near to where it is harvested. notwithstanding efforts with salt and smoke to preserve it. it is seasonal. tow you can have mea year-round. initially, one of the great innovations of the chicago stock houses was canning. canned meat. the distribution was further facilitated iv -- by the invention of refrigerated railroad cars. ice, the packed with flow of cold air as the train moved served to preserve the eat. -- m this was developed by the germans for moving the year. -- moving beer. it is extraordinary to reflect on what this did. a cow that was on the hoof entering abilene on a tuesday, was in a refrigerated railcar in chicago by thursday or friday, and in new york by the weekend, and in europe the weekend after that. ais is a period that sees dramatic change in the european diet and a great increase in meat consumption by europeans. many of the recipes we associate youn

although we have not gotten an announcement this morning and sinclair appears to be the victor was not particularly a robust option as we pointed out. the snl sold separately. you are talking about $2 billion at ibita that was at stake here and the multiple of what receive in total amount is going to be pretty low it is going to be pretty low on that $2 billion in ibita and having paid a high multiples, all of which means ibita to disney cap that fox contributes, they paid a higher multiple given the divergence of what they bought it for for sinclair is a big deal i want to see if we can find the prices it is important being above ten bill they need financing. i thought they had a private equity partner in there. i thought they were partnering with apollo. you know what's interesting? disney's shareholders don't seem to care about the loss of value in the buying and selling of these. they're looking past that. it is all about disney plus. it is all about sort of the future it is about the studio and they're willing to say yeah, it is a doom business >> the movie is more important now r

readsure many of you have sinclair's novel "the jungle," but this, powered by steam, altering the humanrelationship meat spoils. historically, meat is a local product. it is consumed very near to where it is harvested, notwithstanding human's endless efforts with salt and smoke to preserve it. it is seasonal. now, you can have meat .ear-round initially, in fact, one of the great innovations of the chicago stock houses was canning. canned meat. but the preservation distribution was then further enhanced by the addition of refrigerated railway cars, initially just packed with ice. the flow of that cold air as the train moved forward actually served to preserve the meat long enough for it to be shipped. an innovationly that americans cannot credit themselves for. it was invented by the germans for moving beer. it was extraordinary with what this did. hoof that was on the entering abilene on a tuesday was in cans or refrigerated in railcars in chicago moving friday, by thursday or in new york by the weekend. in europe by the weekend after that. this is a tine that sees a dramatic change in

>> some of the others, sinclair broadcast, biggest gain in ten years sent the stock to a record high the company is buying 21 regional sports networks for disney had to send to buy fox, look at the $35 gain different story for churchill downs. after that controversy kentucky derby where the horse that crossed the line was disqualified that gave the win to long shot country house churchill downs 165 million dollars on all sources the sheriffs down 2.5% and the check of beyond meat which is higher once again and getting close to triple the ipo price of $25 at 6% higher for over $70, $71 a share. >>> a wild day for crude oil prices there are closing let's get more of dom chu at the commodity desk dom? >> part of the story, the turnaround to start off with the headlines here oil prices in the green right now. west texas intermediate up by three quarters of 1% and low as $60.04 overnight a 3% decline reversed to a near 1% gain and same story, $71.36 there and at one point, those prices have been pretty much higher all day long. some traders point to increased tensions in the middle east a

from the sinclair quote. >> bill weir, well done. thank you very much. >>> just ahead here, a colorado man is now the 11th person to die on everest this year. why over crowding, fewer weather windows and the so-called death zone could be to blame. >>> and a sitting congressman admits to taking wartime photos with combatants he had killed. i'll speak with a veteran who led a platoon in iraq and why he said undermining the enforcement of military justice goes all the way to the president. you're watching cnn. i'm brooke baldwin. ♪ limu emu and doug. hmm. exactly. liberty mutual customizes your car insurance, so you only pay for what you need. nice. but, uh... what's up with your... partner? oh. well, we just spend all day telling everyone how we customize car insurance, because no two people are alike, so... limu gets a little confused when he sees another bird that looks exactly like him. [ loud crash ] yeah. he'll figure it out. only pay for what you need. ♪ liberty, liberty, liberty, liberty ♪ wake up! there's a lot that needs to ge

this just in, sinclair broadcasting group confirmed widely reported, including by our own charlie gasparinoay out ahead of everybody else on the story. it will buy 21 regional sports networks from disney. valued at 10.6 billion, rsns, regional sports networks, disney acquired after purchase from 21st century fox. it is official. melissa: fda warning people that take ambien and also lunesta. they report serious injuries and deaths results from serious incidents while people were on insomnia medication. let's go to deirdre bolton with details. >> we need this information. usfda requiring new, stronger warnings on certain prescription insomnia drugs. this increased warning following several reports, they are rare but they have been injuries and deaths as you alluded from various sleep behavior. sleep walking, sleep driving engaging in other activities while not fully awake. we're taking this from the fda website is unsafely using a stove and being, i think in words that are not officially on the fda page, but as people describe it, beyond groggy. so these new warnings are going to be required

andrew sinclair there for us in the east of colchester, really just reminding us of the huge tensionst. but we have had how many results in? ten councils declared, 238 to go but ten declared and full marks to the ten who had declared, may i just say? marks to the ten who had declared, may ijust say? we are marks to the ten who had declared, may i just say? we are full of admiration for the quick counting, evenif admiration for the quick counting, even if it is with a low turnout. and we have got 161 councillors elected, so our congratulations to them but we have more than 8000 yet to be decided. so ten councils in, what i would like to ask rita is to just go through the list you have there of early results. let me just explain how to read this screen, most of it is pretty self—evident. when it has gone blue, that means that the council has become conservative, when it is read, it is labour and if you see the little flashes they are at the end, that shows you what the council was before tonight's result, so in the case of broxbourne and hertfordshire, that is a conservative hold, hold

sinclair agreeing to buy 21 regional sports networks from walt disney.plans to spel sell e sports networks to sinclair for $10 billion. disney acquired th them as partf the -- disney will report earnings we should add on wednesday. stock a half a percent upside in the premarket right now. well, the man who brought chewbaca to life has died. tributes from fans and co-stars pouring in for actor peter mayhew all over social media. harrison ford called him a kind and gentle man, with great dignity. in response to one headline, where ford was quoted as saying he loved the co-star, his family responded on the twitter account with, quote, he knew. >> [noise] >> you're all right. cheryl: the 7'3" actor played the wookie in all three original star wars films and episode three. he made the final appearance in 2015's the force awakens. all right, well online reservations for disneyland's star wars galaxy's edge filled in just about two hours, those lucky fans will be allowed to visit the park for four hours at a time. there's a limit. people who want to seaga see -

and andrew sinclair, involved in two attacks, jailed for 13 years.r 13 years. in total, 104 years in prison. 0ne victim was chased through the streets of glasgow at speeds of 100 miles an hour. thejudge said glasgow at speeds of 100 miles an hour. the judge said such recklessness put the public in great danger and the notion this is a private feud couldn't be further from the truth, he said. robert daniel, thomas billson and daniel petty all attacked by max men wielding axes and machetes. the next victim was riley fitzsimmons, he was left unconscious and brain—damaged. he was a hard—working man living peacefully with his mother. his brother was said to be an associate of the daniel family but this is not the responsibility of ryan fit simmons. as a result of the extensive injury sustained during the attack upon him, he has had to give up work and is dependent on his motherfor his care give up work and is dependent on his mother for his care and support. then the last victim and that terrifying car chase. stephen daniel's skoda was rammed with such fo

we'll talk to the ceo of sinclair, talk about his $10 billion deal to by the rsns, the regional sportsked that work, he'll also weigh in on disney's contract with hulu. also just in, david favor. just having you on the show will be big >> thank you so much for saying that, sarah. >> you're enthusiasm is riveting "squawk alley" is next, don't go away -driverless cars... -all ground personnel... ...or trips to mars. $4.95. delivery drones or the latest phones. $4.95. no matter what you trade, at fidelity it's just $4.95 per online u.s. equity trade. >>> good morning it's 8:00 a.m. at hulu headquarters in santa monica, california "squawk alley" is live ♪

in great yarmouth is andrew sinclair, political correspondent for bbc east.ar is the liberal democrats. there has been a strong suggestion that this may not be so much about the remain sentiment, more a reversion to the old protest vote, that the liberal democrats enjoyed for many years before they went into coalition with the conservatives. here in the west midlands, which as you know voted overwhelmingly in the referendum to leave the european union, there were just three places which voted to remain. cotswold was one of them, downing gloucestershire, at the bottom of our patch. in gloucestershire, the liberal democrats have gained control from the conservatives. so i am sure they will be able to join the dots and say that has much more to do with remain sentiment than some kind of bland, blanket protest vote. to reinforce that, here in warwick, which at the moment, the outgoing authority had a conservative majority, there are some very strong suggestions that there are some serious damages to both the conservatives and two labour here, and indeed, some are

i hear you on the sinclair station we have about 30 miles from here. bunchjust putting out of propaganda this morning. that's all you are doing. wish somebody would get john kasich from ohio to run against donald trump for president. host: too many contacts with russians during the campaign? illegal for not russians to meet with americans. , jeff the absurdities sessions recused himself because he met with the russian open event with hundreds of other people. he got in trouble because he made a phone call to the russian hisassador to ask for assistance at a u.n. boat that was going to attack israel? we wanted their help. that was his job. the national security advisor is of only cabinet level member the administration that is not congressionally confirmed. the day you are appointed, you can start doing your job. by federal law, we have a transition team after the election until the inauguration. the idea that is illegal, that every national security advisor since 1947 should be in prison because that is their job. this is the absurd russia collusion de

it's going to be great for broadcasters so, it's a terrific opportunity -- like today, sinclair, whichcause of their own self -- some issues that they had -- regional sports network so, sports works, so baseball. watching it, they're going to get a piece of the betting, and we think it will do 30%, 40% up, and then you watch basketball. >> interesting it's not about putting people in these seats here it's about who's watching on television and what you can do with the camera aspect -- >> well, the revenue is important but i like to give product and content. on the other side of the coin, you have players like the phillies hired some chap that makes "x" dollars per year -- >> i'm even going to one of these games because we're so excited about it. >> that's kind of what we're doing in that regard. >> other than that, when you look around, what do you think of the deal environment? i mean, there have been some deals that have been popping up. we even see berkshire hathaway getting involved in the occidental side in that bid for anadarko what do you see? because you are the expert in merge

>> this is amazing joe biden falls into the category of upton sinclair you said you can't get a man toter biden, joe's son traveled with him on air force two to beijing when he was vice president. 10 days later hunter biden gets one billion dollars in the bank of china his investment fund. they make investments on chinese military contractors. biden's son investment company is invested in one of the surveillance technology used to oppress the wee guesser in western china. talk about collusion? he doesn't know who the prime minister of the united kingdom is, says china is not a competitor. i'm afraid old joe is past his due date. he ain't sleepy joe. he is rip van winkle joe. stuart: interesting stuff. that is interesting. charles schumer, senator schumer he came right out and saids, hang in tough there. >> that's right. stuart: the direct opposite of what another democrat joe biden is saying. i mean i can't explain that. >> i got to give chuck a lot of credit. i stood on a stage with him in 2005 calling for china to be labeled a currency manipulator. he has no illusions about the threa

the way, while you're here, other names in the media world that you also have buys on >> you know, sinclairtheir acquisition of regional sports that deal was attractively, you know, surprising we know sports is quite compelling as the glue that can hold together the bundle in this kind of fragmented landscape we also like disney, of course, a strong buy on their direct-to-consumer shift and those are our top picks right now. >> all right tuna, thank you very much. it's good to see you. >> thank you. >>> when we return, remember the new nafta, also known as usmca vice president mike pence heads north this week in hopes of nudging the long-simmering u.s./mexico/canada agreement forward. just ahead, we will speak with marc short, the vice president's chief of staff, on what stands in the way of getting a deal done stay tuned you are watching "squawk box" on cnbc ♪ >>> welcome back to "squawk box. andrew the futures right now are indicated down 177 welcome back down 177 points. the nasdaq indicated down 52 s&p down 17. remember archie bunker first time they ever made that sound on tv. remember