remembering sumner redstone. media titan who turned drive-in theaters into a multimedia empire passes away. tonight, we look back at his tonight, we look back at his ouse, career, and that famous catch phrase "content is king." and the show must go on. we'll show you how technology saved the day for young musicians sidelined by the >> this is the "cbs evening news" with norah o'donnell, reporting from the nation's capital. >> brennan: good evening to our viewers in the west, and thank you for joining us. norah is off tonight. i'm margaret brennan. with americans now dying at a rate of 1,000 a day and cases of coronavirus still increasing in some areas, parents and teachers are facing tough choices about when and how to go back to school. tonight in texas, where infections have reached more than half a million, the not reen untiler.e schools may in new jersey, where classes were supposed to be held in person, hundreds of teachers now say they won't go back, forcing the governor there to offer virtual learning. and

. >> julia, david faber mentioning last hour the passing of sumner redstone, a legend in the content world. coin that phrase content is king. has a bit of feeling the end of an era, of course, he lived well into his 90s but what are your thoughts on what a figure like sumner redstone meant in his prime and who is defining this era right now. >> well, certainly, jon. he was the ultimate media mobile of that raera. he was responsible for the consolidation of so much content, so much of the distribution to consumers. and then, of course, he was responsible for the split of viacom and cbs, a dramatic move that said a lot about what was going on in that moment in time. in the sense these different assets would grow at different speeds now in retrospect, many would argue that he should have left those two companies together of course, cbs and viacom recombined viacom and cbs looking for that scale which is considered so crucial in the media space and notably, jon, we'll hear from one of the next generation of the ceos in this space jason kyler head of warner media and we'll hear from him l

media mogul and billionaire sumner redstone has passed away at 97. redstone started with a family drive-in chain and turned it into a media empire. he was a controlling shareholder of viacom cbs. the ceo had this to say about redstone. sumner was a true industry titan. a brilliant and driven pioneer whose influence on the media and entertainment landscape cannot be overstated. again, he was 97. >>> the stock market is looking to bounce back after closing in the red yesterday. could see green today. the dow is up more than 270 points. and this morning, shares of moderna are soaring after the company announced a covid-19 vaccine deal with the u.s. shared jumped more than 10% after closing bell yesterday. the trump administration says the u.s. will purchase 100 million doses of the experimental vaccine. that is part of the federal government's operation warp speed. that deal is worth about $1.5 billion. >> there's a process that takes place at the fda. it's not one person who says we're good to go. you know, it goes through a bunch of data scientists who

sumner redstone, dead at7. 9 i can't wiat to share at&t's big 5g news...shouting through the glass) at&t has nationwide 5g? yup! and that's faster? faster, yea! but is it reliable? ah huh and secure! you should consider making a big deal about it! bigger? i said bigger! oh, big-bigger deal bigger than what i'm doing? it's not complicated. a 5g network needs a 5g device. now everyone including existing customers can get a free samsung galaxy note20 after trade-in. come on in, we're open. ♪ all we do is hand you the bag. simple. done. we adapt and we change. you know, you just figure it out. we've just been finding a way to keep on pushing. ♪ welookentertainmentourg a wayexperience: xfinity x1. it's the easiest way to watch live tv and all your favorite streaming apps. plus, x1 also includes peacock premium at no extra cost. this baby is the total package. it streams exclusive originals, the full peacock movie library, complete collections of iconic tv shows, and more. yup, the best really did get better. magnificent. xfinity x1 just got even better, with pe

david faber joins to talk to us about sumner redstone. you've covered sumner redstone for so long you spent so much time interviewing him, talking to him. what are your thoughts this morning? >> reporter: you know, it's funny. as you say i spent a lot of time with sumner during a period of 15, 20 years as he was building his empire and so many different things of a corporate nature but able to spend time with him away from sort of the day-to-day business life as well. i mean, he was a force majeure, i think, as you probably have pointed out, andrew. like so many successful people he was relentless in so many ways i always enjoyed spending time with him and was lucky enough to have done that many times including that interview there at his house in beverly hills where i was visited with him through the years a number of times where he spent a lot of his most recent years as well. he had this great aquarium with these fish there we would go out. sometimes we would eat at some of his favorite restaurants. i remember dinners at an italian pla

my jiji's at work. >>> we learned a short time ago that sumner redstone, a titan of the entertainmentchairman and ceo of national amusements, the company's controlling shareholder. redstone was 97. sumner redstone gbegan to corret his empire when he took over his father's small chain of movie theaters in new england in the 1950s. >> my father built what was the third drive-in theater in the united states which was the sunrise auto theater. >> as he told charles osgood in 2001 -- >> it started with a handful of drive-in theaters, which as you know represented really an important nostalgic era in the motion picture business. ♪ >> he would build the business into national amusements, one of the largest movie theater chains in the country. seeing america's migration to the suburbs in the '60s, he put up multiscreen cinemas along major roadways and coined the term multiplex. from an early age growing up in boston, redstone was driven. he graduated first in his class at the prestigious boston latin school. >> i said winning is everything as long as you win fairly. i think i'm driven to succ

billionaire sumner redstone has died.s a movie theater operator who became a media mogul late in life by buying viacom, paramount pictures, and cbs. he controlled his assets through his closely held national amusements. ownership of the company will pass to a family trust. global news 24 hours a day, on air and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in more than 120 countries. i am ritika gupta. this is bloomberg. ♪ >> this is now life-and-death. we are talking about the lapse alreadyits that is triggering food insecurity, homelessness, and it will not be -- anytime soon. swonk speaking to us in last when he for hours. coming up, looking forward to speaking with priya misra on a five day selloff on the treasury market. lisa: she is the perfect person to talk to, also about the incredible amount of supply from the u.s. treasury with another 10 year note sale. i will be looking forward to listening to that interview. right now i want to shift after the bell. we will be getting earnings

sumner redstone was 97 years old.still to come on the newshour: young people face the realits of covid as they account for a rising number of new infections. plus, migrants from around the world risk death crossing e dangerous jule betd en panama anlombia. >> woodruff: young people make up a large portion of the new covid-19 cases being seen acss the u.s. in some states, like arizona and florida, people under 45 account for more than half of all ieses. as stephy reports, doctors artowarning young people nee take more precautions, not only to keep from spreadingirus to older americans, but for their own sakes as well. >> reporter: when florida eased its lockdown and allowed restaurants and bars to reopen, 22-year-old nikki cortland was excited about the possibility of going out. she'd followed stay-at-home orders for more than two months. >> the officials were coming on tv, you know, the governor, and stating that things were reopend they were putting all of these safety measures into action. >oy> i mean people go ehav

. >> reporter: sumner redstone was a colossus in the business of media and in life. >> i've said "winning is everything as long as you win fairly." i think i'm driven to succeed. >> reporter: that relentless drive began early for this son of boston. born into little, he earned undergraduate and law degrees from harvard. at 28, he left a lucrative law career to take over his family's business. >> my father built what was the third drive-in theater in the united states, wch w the sun rise auto theater. >> reporter: redstone built national amusements, one of america's largest movie theater chains. he sued all the major hollywood studios for profiteering and won, then bulldozed the drive- ins to create a new movie house experience-- multiplexes. in 1979, he almost died in a hotel fire. he clung from an upper floor window ledge until firefighters rescued him. third-degree burns covered 45% of his body. he recovered and drove himself harder. in 1987, he bought and expanded viacom. paramount studios became his. by 1999, viacom merged with cbs. in the early 2000s, a cancer diagnosis gave him mont

sumner redstone has passed away, earlier in life he was a colleger at the ls in san francisco. later he taught law at the university of san francisco. when he died this morning he owned 80% of cbs shares valued at $5 billion. he died at the age of 97. >>> san francisco based air bnb is getting ready to go public. the wall street journal said they plan to file ipo paper work with the sec some time this month. the company was expected to go public earlier this year but the pandemic put those plans on hold. it was recently valued at $18 billion. >>> tas la's stock surged compa first ever stock split. shares will split five to one at the end of the month. they said the move is aimed at making stock ownership more accessible. >> the former chief operating officer of pintrest has filed a lawsuit against the san francisco based company. she said she was not included in important meetings and was paid less than male officers. w about the flood of misinformation about the spread of the coronavirus. the company labeled 98 million posts at misleading and took many down. social media sites

sumner redstone was unusual. >>> a 27-year-old man has been booked into the san mateo county jail onman. police say they tracked down and arrested alejandra laura yesterday afternoon. one woman was heading home after work last week and was beaten unconscious at a bus stop. they identified him through surveillance video with a distinctive sweatshirt and bicycle he left at the scene. >> it is a case we don't see very often especially as we mentioned a complete stranger attacking another stranger out in public like this in such a savage weight. >>> authorities described him as a transit who has been arrested before for six months police are raising money to the minimum victim whose minimum wage job supports a household with two children and an elderly north. the woman has severe brain trauma. >>> police in cities nationwide say they're seeing a spike in crime and violence during the covid-19 pandemic. the newark time reports across 20 major cities the murder rate at the end of june was on average 37% higher than it was at the end of may. police said in austin, centering, nashville and d

sumner redstone that built a media empire built to viacom and cbs died at 97. it was aggressive acquisitions and many headlines with his name focused on the serving ties with actors and multiple interviews he said he quote never would die. redstone vowed never to give up the reins of the conglomerate but four years ago he stepped away from managing it. and for his daughter who he actually had a contentious relationship with. >>> now to something good for you. should hear this this morning. southern california the largest oak tree in north america still standing. it was threatened by the wildfire but saved by a crew. so-called campaign -- i'm sorry. so called champion oak but in the path of the apple fire, this is burning in northwest palm springs. tim krantz of the garden director knew that it needed protecting so the group of 30 inmates, they were assembled to help save that tree. >> it was a special crew. it's a convict crew. the fire crew guys are lugging chain saws and fuel and picks and shovels dressed in full fire gear. the guys basee in circumferenc. abo

a lot of it started with sumner redstone. now dead at age 97. we'll have more after this. businesses are starting to bounce back. but what if you could do better than that? like adapt. discover. deliver. in new ways. to new customers. what if you could come back stronger? faster. better. at comcast business, we want to help you not just bounce back. but bounce forward. that's why we're helping you stay ahead and adapt with a network you can count on, 24/7 support and flexible solutions that work wherever you are. call or go online today. ♪. neil: all right. those debates are going to matter a lot more than they have in the past. that's the read on it right now with all the attention focused on the first african-american woman on a presidential ticket here and one a lot of people are looking at, yeah, maybe she could be the next president of the united states with so many convinced joe biden wouldn't want to run for a second term. he would be 78 years old if he were elected at the time of the inauguration, at least that. she is 55 by the way. so there is a good deal scrutin

and billionaire mia mogul sumner redstone has died.e built an empire that included cbs, viacom and paramount pictures and helped shape the modern day entertainment industry. his final years were marked by corporate battles and legal disputes with former girlfriends. he was 97. still to come on the "newshour with judy woodruff," young people face the realities of covi as they account for rising numbers of new infections. migran from around the world c risk deathssing the dangerous jungle between panama and colombia. announcer: this is the "pbs wshour" from weta studios in washington and in e west from the walter cronkite school of journalism a arizona state university. judy: young people make up a large portion of the new covid-19 cases that are being seen across the u.s. in some states, like arizona and florida, people undnt 45 acc for more than half of all cases. as stephanie sy reports, doctors are warning that young people need to take more precautions not only to keep from spreading the virus to older americans but for their own sa

. >> pauley: it happened this past week: the death of sumner redstone, a lawyer turned businessman, turnedm cbs. born in boston, redstone parlayed a chain of drive-in movie theaters into an entertainment con cloconglomerate. he died this past tuesday at age 97. his daughter, shari redstone has taken over the reins of viacom cbs. >> pauley: with less than 12 weeks until election day, the battle for the white house is heating up. and so, eriarty ofs tell us is e controversy surrounding just where and how we'll vote. >> reporter: is it fair to say that business is booming for you? >> we have been getting more and more calls from counties across the country that need help, and we are literally, at this point, sold out. >> reporter: for nearly 50 years, kevin runbeck's company has helped americans elect their leaders, from supplying software and voting equipment to many states, counte ballots in arizona. >> wearying each ballot as we print it. >> reporter: but this year, he can barely keep up with demands, long lines in the midst of wisconsin, georgia, and at a texas runoff election last month,

talked how he was going to stay alive forever case he drink this wine made it to 97 years old sumner redstones i love to do. talk to your doctor, and call 844-214-2424. maria: welcome back markets higher this morning futures indicating a gain start of trading dow up 245 points right now nasdaq futures up 81 s&p futures higher by 22 s&p 500 snapped seven-day winning streak yesterday joining me nuveen portfolio manager thanks for joining us rally continues what do you make of he resilience. >> three reasons market moving up one looks like a vaccine, perhaps several before the end of the year, certainly some therapeutics along the way the market rotating from covid play to more cyclical play second reason thanks to power of massive monetary stimulus fiscal stimulus we need one more bill economy and earnings improving market obviously, loves that i think third reason, field missing out no an alternative a lot of cash sloshing around earning approximately zero you could earn more than that every week in stock market it seems bonds don't yield a whole lot more the reason the market is moving up in

billionaire media mogul sumner r redstone has died.ntrolled the company that owns cbs and viacom. >>> and number two, joe biden and kamala harris will appear together in delaware this morning. >>> and number three, today is the first day of school in san jose. yesterday the district announced that they will give teachers the dhis wo choice to work from home until l >>> and governor newsom will update the state's response to the pandemic and we'll bring you his remark bes at noon. >>> and number five, most of us gray this morning with some measurable drizzle up in the east bay hills so far. temperature in the upper 50s and low 60s. notice this afternoon, noticeably warmer except for the coast 60s, rest of us 70s, 80s and 90s. just the beginning. >>> and number six, biggest backup we're seeing is at the bay bridge toll plaza. metering lights came on at 6:03. >>> and numbnumber seven, the c fair goes virtual today. it is free for students and you can sign up by going to tallo.com/ping. and we wish you all the best of luck because this is

. >>> how the late sumner redstone changed the media and how it's changed by the pandemic.cial guest. the final hour of "squawk box" begins right now. >>> good morning and welcome to "squawk box" here on cnbc. i'm joe kernen along with andrew ross sorkin and melissa lee. becky is off today and we're still on record watch though with the s&p 500 just a few points from an all-time high hard to imagine. i think it's august so pretty quick turn around, melissa, in anyone's book. pretty crazy. >> yeah. february 19th was the day of the all-time high. that seems like ages ago though, right? think of how much the world has changed since then in just a few months. >> life time >> meantime. >> yeah, lifetime ago. one point we were all sitting at the nasdaq market site very close to each other no masks a lifetime ago >> we had just gotten back from davos where all of these people, which is hard to imagine, remember, sorkin, they were altogether in the same rooms. >> yeah. >> eating open food. >> inside. eating inside. >> breathing on each other with drinks >> inside. and then getting

retire better stuart: sumner redstone, who built via comecom cbs into a su has died.nder his leadership, his empire also included, listen to this, paramount, mtv, nickelodeon, comedy central, simon & shuster. our condolences to the family. he was 97. >>> straight to your money. markets set to rally when we open up in about 15 minutes. sea of green, left-hand side of the screen. let's talk tiktok. a new report says they track user data, nothing unusual for these social media giants, but they're accused of using a method that is banned by google. susan, can you make me understand this? susan: think of the unique 12-di12 digit code, which can't be reset or altered and allows apps to track consumer behavior. you can only change the id by getting a new phone. apple locked down access to these ids in 2013. google did it with android in 2015. but tiktok was tracking users through these ids up until november last year, according to the "wall street journal" and the way they concealed their tracks was through unusual layered code, according to this report. tiktok says the nove