lions gate agrees to buy starz. we will talk with billionaire jim simons, founder of renaissance technology, one of the most successful hedge funds, the guys when we talk algorithms we're talking about. take a look at futures as we set up for the open here at the new york stock exchange. baerng with more "squawk on the street" right after this. this woman owns this house, with new cabinets from this shop, with handles designed here, made here, shipped from here, on this plane flown by this pilot, who owns stock in this company, that builds big things and provides benefits to this woman, with new cabinets. they all have insurance crafted personally for them. not just coverage, craftsmanship. not just insured. chubb insured. >>> we've got a long-awaited deal in the content business. lionsgate buying starz, the pay tv channel, that inks deals with a lot of the studios or has in the past and has a big slate now of original programming, they're buying it, $33 a share call it in cash and stock, 57% of the consideration is

its: lions gate can put content on a starz channel.axes. david: i was going to say, i bet it is tax efficient. canadaions gate is in which is why it is one of the reasons. also, there was a stock asset swap earlier this year where malone got on the board of line gate -- lions gate as he controlled starz so he had motivation to put these together. david: and had entree through discovery. will it change the leadership of lions gate? alex: some of those things are still to be determined. i would expect there will be some leadership changes. alix: they will make better movies. named jeffalso hirsch as coo recently so i think some things will play themselves out in terms of who is going to run the country -- company. --id: i have a bulletin those contracts are all about money. that is bloombergs alex sherman. counting you down to the market opening in new york city, this is the state of play in global financial markets. futures just a little bit softer. in london, the ftse up about a quarter of 1%. the cash open next in new york city. ♪ jon

starz, i don't know why we've got consolation brands up there, that's starz, is that right? >> no. stuart: no, that's not right. we'll sort it out for you, fans. and lower sales at conagra, including peter pan peanut butter, healthy choice and a dozen others. down 2%. who is going to cover this market for us today? louise with us, liz macdonald, dr, and in tennessee retirement capital of the world, i understand. don't retire, art. >> don't worry. stuart: 27 points, 17-7 on the dow industrials, i'm prepared to say and dr, see if you agree with me, whatever impact there was in america from the british vote last week, it's gone. it's over. no more impact at least for now and you say? >> with the qualifier, stuart, i'll agree with you. i think the impact of the vote is over. what we'll see now is reverberations as we hear what else is going on as a revolt of this vote. are we going to have other countries that are going to look at pulling out or doing some variation with the euro? >> louise here knows a thing or two about the europeans, she's a recovering european. you don't thi

there's also lionsgate/starz. what's your take and the overall m&a environment? >> this is the latest in what will be a huge wave of media and distribution over the next years. what's going on with netflix, hbo direct totally changed the game in terms of the khouw los sall size you need to offer a great service across all platforms. i think you're just going to continue to see a lot more consolidati consolidation. >> your reaction in terms of what sort of investment decisions you might make in the wake of seeing this move on hershey and then final consummation of at least potentially this long-running attempt at a deal between lionsgate and starz? >> i think in tech you've also seen a number of acquisitions with microsoft buying linkedin and sales force buying demand ware. i think it's the beginning of companies looking for growth and figuring that this is a good time to be buying it. >> i mean, i guess the question is is this late stuff? basically you've had this financial engineering story play out for a long time right now. it seems like ceos are focused if th

a television show on starz. we have a still of it here. when it gets adapted for another medium. are you finding that a comfortable process having to trust others? >> it's always weird. it was weird when we did it with "coraline." it was weird -- you give your baby to somebody else. and you just hope that they will raise it correctly and not send it back to you with tattoos on its face. >> seth: right. [ light laughter ] who's nell gurgle and why's it on your cheek? [ light laughter ] >> so what i did with this was i found starz network, two fantastic show runners, and just let them get on with it. and they send me scripts and mostly i say that's brilliant, that's brilliant, that's brilliant and every now and then i go, over my dead body! >> seth: okay, that's good. >> no! [ laughter ] >> seth: you have to every now and then be a diva every now and then or else they don't take you seriously. >> exactly, but mostly i don't actually get to say that very often 'cause most of the stuff they send me is fantastic. >> seth: that's great. i cannot

lions gate and starz, back in talks once again on a potential deal. that has surfaced before and our reporters are following it and we will bring you developments when we had them, but lions gate shares reacting to that headline and they continue to move higher. same situation with starz but they have come up off the highs but still up 1.4%. scarlet: thank you. the bloomberg on first word news. we have more from our newsroom with mark crumpton. u.k. citizens voting today on the country's membership in the european union. prime minister david cameron was among those casting ballots. u.k. law prevents us from reporting on voting or ofcussing an analysis referendum issues while the polls are open, but we will be following all the action as the results come. special coverage starts at 5:00 p.m. new york time and 10:00 p.m. london time. the supreme court has launched president obama's plan that would have kept millions of those link -- living illegally in the u.s. supported. there is over court ruling that the president overstepped his authority and it kil

lion's gate buying starz!. that meant the apollo's diamond acquisition the day before might not have been as much of an aberration as we thought. didn't brexit spell the end of confidence? didn't we hear cassandra debate? and then we heard the total head spinner of mongo lease buying hershey. wow. here's a group, the food group, which had been huge. it typically would have sold off by now. the food sellers were claiming overvaluation. what if one food company wants to buy another food company? i don't know if the rejection's a done deal. hard to believe hershey closed up 16%. here's what really matters. for two days, friday and monday, we heard the world was coming undone. we, meaning you and i. now we may have taken it in stride, as we suggested. in other words, i'm not taking any action, may do a little buying. but hedge funds don't do that. they have a bias toward action, towards trading. they go after everything, and they go short. hedge funds galore used it to place bets. why not, when the market's a free

starz shares up by. 15%. >> change the game for lionsgate in a meaningful way.for starz. >>> the british vote to leave the eu already being felt in the u.s. on the campaign trail. trump praising that vote. hillary clinton claiming losing a hundred billion dollars afterwards. here to speak on this, gene sperling, former director. good morning. help me with this. >> yeah. >> so hillary clinton's talking about how the world is ending in part as a function of brexit. donald trump is praising it as one of the great sort of redeclarations of independence and talks about having his own redeclaration of independence here. who's right? >> i think what most people are looking at is they're seeing this type of volatility, this type of uncertainty. i think that just puts a focus that you want someone who has a bit of a steady hand. and there's not many democrats or republicans that think donald trump is a particularly steady hand in a storm. and i think when people are looking at brexit here, i think it's mostly a volatile and a little bit of a scary event. i think donald t

starz up 9.5%. matt: all right, i am going to go ahead and recap the news that we have here. after we got finished listening to bank of england governor mark carney talking about the fact that he is probably going to have to loosen policy within the next couple of months to deal with the fallout of the brexit vote, we see the ecb is saying it will also way looser qe roles as brexit depletes the asset pool from which they can buy. i want to bring in lucy meakin who covers all things central banks. you just came back from the bank of england. you have been monitoring. you are watching and mark carney speak the entire time. our mark carney and the ecb on the same page? lucy: can you say that again? matt: are mark carney and the ecb on the same page? lucy: i think so. they need to show they are reacting to what is interesting about carney's press conference is a new bank of england way. during the previous crisis, we have not seen anything like this. we have had carney speak to the public live on tv twice in the last week. that is completely unheard of. he is trying to be proacti

lion's gait offering to buy starz. lionsgate made "hunger games". starz has outlander. for hershey. best known for cadbury. this is $21 billion market cap for hershey. 23 billion-dollar reported offer from mon dell lease. let know when hershey reopens. other food stocks reaction are soaring. connell: let's stay on this news we told but a moment ago from standard & poor's, downgrading the european union credit rating to double a from aa-plus. our next guest, media tycoon conrad black joins us. you have been out there saying if people say the vote in the uk is a problem for the economy, they don't know what they're talking about. so i come to you with this latest information and this downgrade of the european union and you say? >> i say that that is precisely where the vulnerability is. if you look at the european union, as an entity, that, that structure in brussels it doesn't really answer to the member-states and doesn't have to be responsible to the european parliament in strasbourg. a bunch of unelected, almost anonymous people in brussels showering all europe from t

she is the star of "the girlfriend experience" on starz, riley keough is here this evening. [ cheers applause ] and he's a fantastic writer at large for new york magazine, frank rich will be stopping by. so we have a great show for you tonight. [ cheers and applause ] before we get to all of our fantastic guests, six states voted in primaries and caucuses last night and hillary clinton clinched the lead in both the pledged delegate total and the popular vote, meaning that she is now the presumptive democratic nominee. for more on this, it's time for "a closer look." ♪ [ cheers and applause ] >> seth: california was the biggest and arguably most crucial state of the night. and in a race full of oddities, the golden state had its share, specifically its polling places, which included people's garages and even funeral homes. >> we want to go to brad perry, because brad perry is in a very interesting polling location. >> we are over here at clairmont mortuary. have you voted here before? is this your first time at the mortuary? have you ever bought a casket or anything yet? >> no. >> not

. >> reporter: it's called "outlander," a surprise hit for starz tv, now coming to the end of its secondho travels to scotland with her husband frank at the end of world war ii. coming upon a mystical portal, she finds herself hurled 200 years into the past, 1743, to be exact, with scottish plans plotting rebellion against british forces. >> claire is, in away, the audience. she is the eyes they see the rest of the story through. >> captain randall wants this delivered to him tomorrow. >> reporter: compelled for her own safety to marry a handsome young scot, she finds herself falling in love. >> welcome. welcome. >> . >> reporter: laird frazier's bedroom. >> yes, the blue room. it's a very special place. >> yes, i would say so. >> reporter: when you meet sam, who plays jamie frazier. >> what can i do for you? >> reporter: it's not hard to see why she falls hard. >> they don't us a see eye to eye. he's from the past. he has his own moral code, she's from the future, and, you know, certainly thinks in a different way, so they're constantly banging heads when they come to these moments, but

lionsgate buying starz. that deal follows months of talks. media mogul john malone has interest in both companies. good for you, dr. malone. >>> speaking of deals, proposed blockbuster candy deal hitting a road dsz block. hershey's board rejecting the offer of mondelez. david faber has the details. david? >> this is just getting good here. >> moved very quickly today, of course. dow jones breaking the story earlier today and then details of the $107 a share half stock, half cash deal. that offer delivered last week was promptly rejected by hershey's board just about a half hour, 40 minutes ago in a press release in which it said that not only did it reject it after talking to its financial advisers and bankers, lawyers, but that also, it does not provide the basis for further discussion between mondelez and hershey and seemingly did nothing to dissuade them from sending the stock higher for a long halt for news pending from hershey. now trading right near the highs of the day. why? well, the expectation, of course, the rejection was based on

. >>> lionsgate entertainment will buy starz. that worth more than $4 billion.light." they have some original programming that includes power and out lander. the deal could close by the end of the year. >>> we know when amazon will hold the next prime day. july 12th, which is a week from this sunday. amazon created the shopping holiday for prime customers last year as something of a half birthday for christmas. last year customers ordered 34.4 million items worldwide. in fact, prime day broke black friday records. amazon prime day deals are only open to prime members. that membership $99 per year. >>> walmart though is ramping up its push to compete with amazon. it began offering two-day shipping to people who sign up for the shipping pass. it's like prime. anyone can arrange a free 30- day trial and an annual subscription is $49. anyone who pays now will get an extra month for free. the shipping pass again half the cost of amazon prime. >>> ayesha curry delivers. steph curry's wife made the announcement on twitter she has a new food delivery start-up. it's call