well, it is a busy time in sun valley.edia and tech and business for a meetinged of the mines at the annual allen and company conference. ed hammond is on the ground with a guest with minting positions in everything from tencent to amazon. >> thank you so much. anderson,d by james head of global equities at baillie gifford. you have the honor of being our first guest at this year sun valley conference. we have seen the suvs arriving, the vests. what are people talking about in some ways i find it difficult to apply a narrative. so many different conversations. for each of us, we are inspired by our particular interests. as you would expect, several comments on politics and even including britain, and about the ramifications for us. ed: obviously, everyone is looking at this through their own lens. last time we talked, talking about the debate between growth and value investors. you are big growth investors. why does belly get so much credit, seems to absorb so much of the attention, people are said to be prophetic, whereas

shery: ed hammond joining us from sun valley.ing up next, markets are recalibrating their bets on pharmacy benefit managers. after the white house abandoned the push to end rebates. another group could find itself under scrutiny. we will explain. this is bloomberg. ♪ amber: this is bloomberg markets. shery: shares of cbs and unitedhealth rallying today after the white house announced it was pulling the plug on a plan to end rebates paid to pharmacy benefit managers. the reversal could increase scrutiny of drugmakers. here with more on the story is the bloomberg health policy and bloomberg reporter, and at a. this is headed toward the presidential election. what happened? >> the plan that the administration wanted to put forward, which would have gotten rid of the pharmacy benefit manager rebates, also would have increased premiums for many embedded -- for many medicare beneficiaries across the board. it would have maybe saved some money out of pocket for some of the seniors, but not nearly as many as premiums would have gone out

major media players are in sun valley as the industry enters a new era and competition among streamingvices intensifies. >>> the top state for business. why amazon had it right when it hose virginia for its second headquarters. those stories and much more tonight on "nightly business report" for wednesday, july 10th. . >>> good evening, everyone. welcome. well, the stage is set and investors cheered. federal reserve chair jerome powell bolstered the case for a possible interest rate cut when policymakers meet at the end of he suggested that lowering the benchmark rate would bolster growth and cited a number of uncertainties here and around the globe. thatd lif optimism on wall street, sending the nasdaq to new highs and the s&p 500 ble l briefly through the 3,000 mark before it pulled back. the downd jonestrial average rose 26 points to 26,860. theasdaq was up 60 and the s&p 500 gained 13. we have two reports tonight. bob pisani is at the new york stock exchange, but we begin with steve liesman and the fed. >>> fed chairman jerome powell all but guaranteed thel fed w be cutting rates p

the potential wave of regation was t of mind in sun valley, idaho, where tech titans are meeting.rstin spoke t them. ♪ h >> reporter: w apple's tim cook, facebook's sheryl sandberg and twitter ceo siegel walking the paths here in sun valley along with former ceo eric wang, big tech is out in force. so is talk of regulating the giants ahead of antitrust hearings on capitolill next week. sam altman, who funded y kbiniator which funds and add vieadd -- advises, says it will be harder. >> the companies are sort inned but when i talk to most they want regulation. we're in uncharted territor i think e we figure out how to regulate more quickly and effectively than w have in the past or we end up in a world where at some point we have to do it in a clumsy way. >> forr twitter ceo dig cost lo says antitrust and privacy issues shouldn't be conflated. >> it is not just the fact that companies are big that should cause them to be regulated. the sietz ze of the company doe have any iact on the kinds of things it might be doing. it is those specific things that companies are doing withdata, th

liz: the business world stars shining in sun valley.e closing bell ringing in 18 minutes, the dow holding on to gains of 71 points. barry diller, yes, james murdoch, brian roberts, shari redstone, all arriving at the annual conference. charlie gasparino, well, wait until we show you in case you missed it, what happened yesterday. didn't take long for him to get kicked out. guess what? he's back and he's about to break it live from sun valley. >>> and it's a fresh new episode for my podcast everyone talks to liz. i'm taking you behind the scenes with imax's ceo, rich gelfond. what a humble upbringing. in fact, his first job, 8 years old, shining shoes. how he went from that and mowing lawns to getting the hottest movies on the world's largest screens. you don't want to miss his unbelievably inspiring story. tune in, apple, google podcasts has it. download it. fox news podcasts.com. rate and subscribe. oh, by the way, happy birthday, rich. i don't know what's going on. i've done all sorts of research, read earnings reports, looked at char

emily: looking forward to more from you from sun valley.oming up, uber is betting big on driverless cars. won'te ceo says robots completely replace humans. he will tell as his view on the future of autonomous driving next. this is bloomberg. ♪ emily: just ahead of going public in may, uber announced it was spinning off its self driving car unit. atg into its own corporate entity. this after receiving a $1 billion investment from toyota and a japanese auto-parts maker. that was in a deal that valued the unit at $7.2 billion. how long will it be until uber is completely autonomous? with uber'st down ceo to discuss. >> no drivers. be 15 pluswill years. i think it will take a long time. there is this drama around robots replacing humans. i think the reality of life is that the better thing is robots and humans working together. robots are very well-designed for replacing repetitive printable behaviors. most of driving is neither repetitive nor predictable. there is a subset that is. what you will see with our driverless program is that we will

media in sun valley, we'll hear media in sun valley, we'll hear from disney ceo zaslav every day, invescohnology, data with inspiration, ilife and investing are greaterf when we come together. ♪ >>> we're getting set to reveal america's top states for business for 2019 right here on "squawk box. scott cohn is in the mystery top state with a look at the ones that came oh so close. scott? >> look at me now. so our top states producers are always trying to get me to -- i'm like a toy every year they're trying to do something new. it's like they put me through this test. it's kind of like what we do with the states as we get ready to do this okay, amanda, let's go so it is -- it is ten categories of competitiveness 64 metrics, 2,500 possible points for the 13th year, let the countdown begin. at number five, washington, the evergreen state, down from second place last year still the nation's fastest growing economy, but that growth has taken a toll on the state's already crumb bling infrastructure number four, utah, the bee hive state. it was in third place last year. a well-rounded economy wi

sun valley, that is., charlie gasparino already live on the ground causing mayhem, spilling all the secrets from the annual closed-door gathering of the entertainment world's elite. charlie breaks it next on "countdown." tomorrow, get out your popcorn, because imax's ceo is joining me on my everyone talks to liz podcast, sharing his amazing story of success and how he went from shining shoes at 8 years old to getting your favorite movies on the biggest of big screens. check out our lightning round q & a teaser with rich on my twitter. all podcast episodes available on apple and google podcast and fox news podcasts.com. rate, subscribe, listen. let me know what you think. "the claman countdown" is coming right back. hopes you drive safely. but allstate actually helps you drive safely... with drivewise. it lets you know when you go too fast... ...and brake too hard. with feedback to help you drive safer. giving you the power to actually lower your cost. unfortunately, it can't do anything about that. now th

this hour, we bring you ceo's,ve interviews from live from sun valley.owell seeing jay increased uncertainty in the markets, dovish sentiment, and making it increasingly likely the fed will cut rates in july. here are some comments from his testimony today. powell: the overall economy is performing well. we see what we call crosscurrents, principally trade developments and concerns over global growth. , and many fomc -- calling for possibly more accommodative policy. to call something hot, you need to see some heat. we have lots of reports of companies having a hard time finding qualified labor. nevertheless, we do not see wages really responding. i do not see that as a current issue. the bottom line for me is that the uncertainties around global growth and trade continue to weigh on the outlook. in addition, inflation continues to be muted. those things are still in place. said what i intended to say on the subject, and what i have said is that the law gives me a four-year term i fully intend to serve area -- to serve. emerging markets around the world

emily: our own paul sweeney there in sun valley.head, companies already withng our orbit satellites plan to launch more, but how well they clean up after them? that's next. this is bloomberg. ♪ emily: you would think in today's day and age, everyone would be online, but that's just not the case. according to the united nations, nearly 4 billion people worldwide lack reliable internet access. amazon to spacex are trying to change that by launching low orbiting satellites to try to get everyone online, but astronomers see it as not all clear skies. >> starlight, star bright -- wait, is that even a star icm the sky tonight? objects in a train-like formation trail across the sky. butstars, not planes, satellites. you can expect more scenes like this one which had skywatchers head scratching, as the satellite race heats up. elon musk plans to propel 12,000 satellites into orbit. bezos hass -- jeff asked the sec to approve 1200. private company oneweb says it plans to launch a satellite a month by december. the goal -- to bring broadband

we'll see charlie tomorrow from sun valley. the dow still holding 27,000.g of jeff bezos, jeff bezos's amazon stock on the move. but look at it right now after passing the $1 trillion market cap level earlier today, is just slightly below it in this final hour of trade, but that's not what has the street abuzz. closing bell is ringing in 26 minutes. coming up, the major investment, the everything store is making in helping humans protect their jobs from the artificial intelligence revolution. it is descending upon amazon. don't forget to download and rate and listen to my podcast, everyone talks to liz. it's on google podcast, apple podcast, fox news podcasts.com. the story today, i have already gotten so many compliments on this one and real nice feedback. "the claman countdown" is coming right back. -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. 4 out of 5 people who have a stroke, their first symptom..

coming up later today on ,"loomberg markets the close we are live from sun valley.ere's your bloomberg business flash. activists investors taking your the board as the biggest natural gas producers. -- tobyn board members will become ceo. the brothers sold rice energy to eq to for seven billion dollars. since then, they say the company has underperformed. another $14spacex million in equity. it is the third offering the rocket company has helped. another $100 million will be offered. three days after the initial sales, the pension plan announced it had backed spacex. had begun in nazi germany ends today and mexico. the final volkswagen beetle rolling off the assembly line. in the 1930's, austrian engineer was hired to fulfill adolf hitler's desire for a people's car. the beetle was resurrected after , becoming a big hit in the u.s. in the 1960's. recently it has been made only in mexico. lead. time for all the a deep dive into stories making headlines and moving market with insight from industry veterans and insiders. bank earnings kickoff on monday. today we look a

. >>> plus, we head to sun valley, idaho to speak to verizon about the future of media and more >>> js today hearings at the second hour of "squawk box" begins right now. ♪ >> announcer: live from the beating heart of business, new york this is "squawk box. ♪ . >> good morning, welcome back to "squawk box" here on cnbc. i'm joe kernon along with mellissa lee >> force of habit. >> and mike santilli, u.s. equity futures at this hour indicated some of the best levels of the pre-market session up 94. the dow and nasdaq up, s&p up 8 frachlth what do we need to get 3,000 today? >> above 3,000 >> here's what's making headlines at this hour federal reserve chairman jay powell in the spotlight. he says the u.s. bank is committed to keeping the economy on the right track >> would it be fair to characterize, based on what we're seeing on those two factors, specifically, that a strong case could be made for lowering >> so, yes as i mentioned, we think that uncertainty around trade policy and also global growth it's not all down to trade policy there is something going on with growth around the wo

we spoke to commissioner adam silver at sun valley. >> that is where the people are. one 4 billion people. we know from our properties that there is tremendous interest among young people. owner who nba team was born in mumbai. this is the passion of those to bring the nba to india. we are set for two terrific games in mumbai. those two preseason games will feature the indiana pacers and the sacramento gangs. that are your headlines. joe: pressure is mounting on pot firms to turn a profit. most of the large canadian cannabis companies are expected to end 2019 in the red. reporter joins us from toronto. that the hypelear that's fizzled in large part from investors. a lot of the stocks of not done well. we saw the ouster of a leader over a canopy. now, what is the view on the quality of the business in canada and their ability to earn profit? was goinge said 2019 to be the year that the industry experienced a shakeout. i think we're starting to see the beginnings of that. is a real wake-up call to investors. the original founders are not going to get a free ride. there

let's move to what's going on with top media, tech and business moguls in sun valley and idaho. have been struck there and the past. are there with ambitious plans after making term sheets for acquisitions public last month. the founder and co-ceo mike cannon brookes told us what kind of reception he has had so far. disagreed withdy our statement at that m&a process. they might've disagreed with our attempt to improve it or solve i think therally legal firms don't like it less than the bankers. >> you put out this timesheet and it is free to use. anyone can use it. there has not been any uptake as far as you know so far? as we know. far we have done 20 plus years with experience. we put down a set of terms that we think are very le, fair. if anything, a little bit buyer unfriendly, prospect friendly, which is the way we think it should land. the problem with the process is, you end up hating each other by the end of the bludgeoning of lawyers back-and-forth. then you have to work together and there is a negative environment created. it's similar to early-stage financing. convert

in fact, they are out in sun valley at the big conference there. both meetings, next. connell: when you look at some of the big leaders from silicon valley, you thought maybe they would be invited to the white house today. you would be wrong about that. but many of them, there's tim cook, are out in sun valley for the big conference that's taking place out there. jackie deangelis is there for us. she joins us with the latest. hey, jackie. jackie: hey, good afternoon, connell. that's right. they are not going to be at the white house. they are here in idaho. they come every year, the tech giants and the media titans, they come together to listen to panels, to have conversations, not just about industry issues, but about politics, about social issues as well. little bit of everything. of course, you can check out this beautiful landscape behind me. they take some time to bond and do activities in the afternoon as well. we saw tim armstrong here this morning. we saw barry diller and we saw bob iger and his wife, we saw tim cook, we saw ceo of fox corp

emily: sebastian thrun in sun valley.or this and -- this edition of "bloomberg technology." we will see you back here tomorrow. this is bloomberg. ♪ i don't know why i didn't get screened a long time ago. i kept putting it off... what was i thinking? ok, mr. jones... we're all done. i told you it was easy. with life line screening, getting screened for unknown health conditions is so quick, painless and affordable, you'll wonder why you hadn't done it before. so if you're over age 50, call now and schedule an appointment near you. for just $149- a savings of over 50%- you'll receive a package of five screenings that go beyond your doctor's annual check-up. ultrasound technology looks inside your arteries for plaque that builds up as you age and increases your risk of stroke and heart disease. after all, 4 out of 5 people who have a stroke, their first symptom is a stroke. so call today and start with a free health assessment to understand your best plan of action. so why didn't we do this earlier? life line screening. the

visit bloomberg.com to find more conversations from sun valley.osphere was much more somber at deutsche bank headquarters in frankfurt this week, as the bank unveiled a radical overhaul. guy johnson spoke with the chief financial officer, who explained how deutsche while implementing deep cuts. >> it will probably be the greatest growth driver in the franchise as we see it going forward, especially in today's interest rate environment. that may change in the future as interest rates change, but for now we have seen great growth opportunities that have existed for several years, and we have not been able to participate as much as we should or could have. we also see growth in the private bank, the german consumer banking franchise we have, as well as italy and spain. asset management has recovered after a difficult 2018, and in fact is back on a growth trajectory. we see underlying growth in our franchises. obviously we are taking the decision to retrench and step back from elements of our global market franchise, in particular equity sales and tra

. >>> the stars of sun valley all gathering for the company's annual conference.ile guest list is next. >>> powell on the hill, testifying before the house committee tomorrow, we'll tell you what to watch. >>> shares of levis remain under rangsure in afterhours tdi down 6%. we're back in a couple minutes so ...how are you feeling? on a scale of one to five? one to five? it's more like five million. there's everything from happy to extremely happy. there's also angry. i'm really angry clive! actually, really angry. thank you. but what if your business could understand what your customers are feeling... and then do something about it. turn problems into opportunities. thanks drone. customers into fanatics change the whole experience. alright who wants to go again? i do! i do! i have a really good feeling about this. >>> sun valley gearing up to welcome some of the most powerful names in media and technology julia is there what are the themes you're watching this year >> deals are always in focus here in sun valley on the heels of the mega mergers over the last year.

the robbery happened in may around one at the concord sun valley mall. police say two masked men held employees at gunpoint, tied the hands be hand-to-hand their backs and made off with cash. detectives identified timmons and arrested him in san francisco. bill for and they mohanty is set at $1 million. much more on the story coming up on kpix 5 news at 5:00 and online on kpix.com. >>> the fellow from the former special counsel robert molars six-hour of testimony is just beginning. and nicole killian the capitol hill with a look at what is next. >> reporter: the white house says democrats have had the investigations and it is time to move on. swat this is nonsense. we have not had the robert mueller investigation, report, and testimony. >> reporter: then slammed the former special counsel questioning whether he had read the report.>> edto know who is in charge of the mueller credit, or let everyone know who else was involved. >> reporter: democrats say robert mueller laid out evidence of potential criminal activity. >> it is clear that the exoneration is

concord police it was a security guard with a criminal record who help to pull off a robbery at the sun valley mall. >> the guard had a criminal record and was on parole. police say he used his position to allow two accomplices into a mall arcaded closing time. the guard and another man were arrested. some stuff one suspect is that large. >>> have arrested this man for allegedly abusing young boys in a case that may span 30 years. worked as a swim team photographer . the alleged victims were as young as eight years old. >>> in san francisco, a string of traffic fatalities. law enforcement once opposed to a similar plan. now the officers association's of court the idea. >> more than one dozen u.s. marines have in arrested on drug and human smuggling charges. authorities to rock this -- describe mass arrests. >> reporter: so 16 marines were arrested for their alleged involvement in human smuggling and drugs. they were called into battalion formation along with about 800 other marines. and in cis arrested them. >> it is a shock to the system. >> nearly 800 members of the marine division were call

hello, sun valley mixed poker in terms of the weather.ereas towards the south sunny spells tend to wind out. there is the chance of a showerjust about everywhere as low pressure increasingly comes into play in a weather setup. high pressure does cling on to the south, hence the prospects being somewhat drier here. that bodes well for wednesday's play at wimbledon. i think we should get away with a dave of unlimited player, fingers crossed just a slight risk of a shower later on in the afternoon. wednesday... scotland will see things drying up a little bit through the middle of the day, but then the risk of some heavy and thundery showers in the north—east later. could be some boundary rain across asia in england and looks like definitely some organised rain in northern ireland leisure on. just light winds, which does mean where showers develop and if they are heavy once they can tend to stick around. there is nothing to person out of the way. potentially some high rainfall totals. to the south, however, it looks like things will stay dry

charles: big names are bag at two-day sun valley allen media conference.deangelis is there with the latest. jackie. reporter: good afternoon, charles. i want to give you a bird's-eye view what is happening on the ground in sun valley. when i got here on monday night, at the airport, 400 private planes would be coming in here. they can't all land at once. schedule had to be staggered. that is how much wealth is coming into the small area to have important conversations over the course of the next two days in this relaxed environment which i think is so interesting. last night we were walking in a courtyard private during the day, protected by security opened up later. who we saw, we saw softbank at one table. brian grazer at one table. david zaslav holding court at another table. all dressed relaxed and holding court. you think about the brain power, what kind of conversations these people must be having while they're here. actually john malone, who is obviously very smart himself, he said talking to these other folks in the industry, it makes him think of

coming up, we are going live to sun valley, idaho for an exclusive interview.david: breaking news right now. president trump is to announce an executive order addressing the issue of citizenship on the census. the supreme court has said you cannot included. he will address this in the rose garden at 3:00 this afternoon. alix: looking forward to that. a lot of implications. david: the top names in technology and media gather in sun valley for a conference. bloomberg's paul sweeney is with publicis founder and chairman maurice leavy. reporter: we are in sun valley, idaho with maurice leavy, chairman of publicis. thank you for joining us. i wonder if we can start by you giving us your sense of the advertising industry. what is the status from your perspective of the advertising business? in one word, disrupted. as many other industries. clearly, everything is changing. the only thing which is not changing is where we can make a difference is creative ideas. still lead the advertising world, but clearly .he media has changed the consumer, which is the most importan

to i just had to, julia thank you, your reporting has been great this week julia boorstin out in sun valley>>> as we head to break, dow hitting another record high this morning, coming off its first close ever above that 27,000 mark here are the names driving the index even higher this morning we've got more "squawk alley" after a quick break. ntral. it's so important to us that verizon is supporting military families. when i have a child deployed, having a reliable network means everything. so, when i get a video chat, and i get to see their face, it's the best thing in the world. and i've earned every one of these gray hairs. military moms, we serve too. (vo) the network more people rely on, gives you more. like military plans with a special price on unlimited, $100 per line, and big savings on our best phones when you switch. that's verizon. but we're also a cancer fighting, hiv controlling, joint replacing, and depression relieving company. from the day you're born we never stop taking care of you. still nervous about buying fuh-oh, la new house.meone's is it that obvious? yes it is. yo

was shocked as it was right around midnight on may 12th when the round one entertainment venue at sun valley mall. 2 fright and the trail. >>and it was definitely scary knowing that i worked there and knowing that my co-workers when i had to go through that thomas shelton has been working here for nearly a year, everyone here was on and basically you know like not knowing what's going to happen next you know who was it was you know was that in fact. >>that they did after 2 months of investigating the concord police department's major crimes unit, arrested 43 year-old gary delahanty the security guard that was on duty the night of the robbery in the course of the investigation we learned that when a security guard. >>had obtained his guard car through false. i d we dug into that we fund that that he was a parolee and he was on parole for assault with a deadly weapon conquered pd believe dillahunt he helped 37 year-old parolee vincent timmins. >>and another man gain access to round one to run normally secured employee entrance. >>at gunpoint push 2 victims inside and the zip tied their arms be

when we come back, up next iac chair barry diller will join us from sun valley, idaho, to weigh in on time warners' new streaming service baktore down big tech barry diller right after this break. >>> welcome back. at&t revealed yet another streaming service yesterday. hbo max is the field of competition among these services for your attention and your money getting a little too crowded. let's get to julia boorstin. joulea >> reporter: thanks so much, kelly. barry diller, thank you so much for joining us here in sun valley you just wrapped up the panels this morning and what they were hearing is the streaming wars with hbo max just announced. with that new announcement, that enterant in the market, who do you think is poised to win the streaming wars >> i mean, i don't know that you can do who's going to, quote, win this this is a weird transformation i mean, this is ten years ago you certain essentially had these six movie companies that had hedge money over the entire production distribution business along comes two complete outsiders, netflix and amazon. and they have totally up-en

the fire started at about 3:00 yesterday afternoon in sun valley nevada and is now 30% contained. police say that the two men were arrested on suspicion of destruction of property through gross negligence.>>> coming up, we are learning more tonight about last night's power outage in new york city that plunged manhattan into darkness. >>> a 7.3 magnitude earthquake rocks indonesia sending people running in a panic, out of buildings and homes, details on injuries and damage coming up. >>> the power is back on in manhattan today, but for several hours last night parts of the city were plunged into darkness. the lights went out at radio city music hall and jennifer lopez concert at madison square garden came to an abrupt halt. people were trapped in elevators and subway cars and traffic lights were knocked out. authorities say that tens of thousands of people were without power for several hours. the power was fully restored at about midnight, and thankfully, no one was hurt or killed.>> this could have been much worse. when you are talking about the city lights of new york, with a si

the round one arcade at the sun valley mall. >> we came to the realization that one of the security guards was actually employed using his father's start card. a backgrou we found he waparole for assault with a deadly weapon. >> reporter: investigators say delahunt day on the night of may 12, let his alleged calm compline since into the business as he was closing. >> the force two employees into a lot cash room, where they tied their hands behind their backs using zip ties. and were able to steal cash. >> reporter: last week, police arrested timmons at his home in san francisco. investigators they say they found evidence for linking him to the robbery as well as a handgun, an assault weapon and a large quantity of cocaine. a spokesperson for round one says the company has fired the security company that hired delahunt. pocket police say they are still looking for that third suspect. they have not identified that other robber just yet in concord, devon feeley, kpix 5. >>> also tonight, a peninsula photographer facing sex abuse charges in a case dating back 30 years. 47-year-old randy handel

a security guard at round 1 arcade at the sun valley mall. and police say the guard was a convicted felon who lied to get that job. >> we came to the realization that one of the security guards was actually employed using his father's guard card. a background check on the actual security guard's name we found out he was on parole for assault with a deadly weapon. >> the two suspects are being held on $70 million and $40 million respectively. >>> the justice department announced the government will start executing death row inmates again for the first time in 16 years. tonight governor gavin newsom who suspended the death penalty in california says he's not surprised by the president's decision. >> we have to bring back the death penalty. >> reporter: daniel lewis lee, a white supremacist, was convicted in 1977 of murdering a family of three. today the department of justice said lee and four other men will be put to death in december and january, the first executions under the federal death penalty since 2003. president trump has long said he

paul sweeney with his team, sun valley, idaho through the day.♪ ♪ bloomberg "surveillance," chairman powell later, testimony, q and a with the house. it will be interesting to see the management of the politics of the house. francine lacqua and the comb of the public -- calm and the politics of london with peter chatwell and evy hambro. sustainability, what we are doing with commodities around the world, first, peter chatwell on the cost of money. well it maintain a -- will it maintain a free lunch where money means nothing? peter: i believe we can assume that, especially if you are forward-looking. there will be this fed monetary easing starting a currency war. andlesson we had in 2011 2013 as it takes three years to finish, so if we think of how long it could go on and how ineffective central bank s'monetary easing will be for external demand, we have to think of policy rates which are currently negative in europe and switzerland and other jurisdictions, becoming more negative. this would be a global trap, liquidity trap for central banks. tom:

nfl commissioner roger goodell is out in sun valley with every major media network and streaming giant vying for content. how valuable does that make the nfl right now? julia boorstin is there joined by roger goodell >> thank you for joining us here today. >> thank you glad to be here. >> we understand you've been in back-to-back meetings and also that amazon ceo jeff bezos is here have you had any talks about expanding amazon's rights beyond the thursday night games that it owns through the end of next season >> we have ongoing discussions with all our partners and so many of them are here today. and over the next couple of days so, yes, we do we talk about our relationships, how to expand our relationships, how to develop new relationships. because the nfl has never been a better position, and i believe the content and live content that the nfl offers is some of the most valuable content in all of television and media. >> you have $130 million two-year deal with amazon just for those thursday night games but now that you're looking at your broadcast deals expiring down the line, what

. >> bail is set at more than $100 million for a pair of parolees accused of robbery at sun valley shopping center in concord. they allegedly forced employees into a room in may. very arrested vince timmons and gary delahunte. they believe the suspects gained access through an employee entrance. >> in oakland, city officials met with home depot attorneys over a growing homeless encampment at the store. >> the company threatening to close over the issue. jobina fortson has more. >> reporter: oakland city council member noel gallo was inside a meeting with the company's attorneys thursday. the legal team flew from headquarters to meet with the city over the centraling homeless encampments outside their stores. >> because they're hiring our people. if you to bring your camper and yourself over with whatever issue you have, you have to respect when you come to oakland. >> reporter: there's been talk of a lawsuit but now gallo says they're singing a different tune. >> they were pleased with the closure of 37th avenue. we talked about other improvements that need to be made for public health as w

. >>> bail has been set at more than $100 million for two men accused of robbery at the sun valley shopping center. police say the armed suspects forced employees into a secure cash room at an arcade in may. concord police arrested vince timmons and gary he w . >>> part of building a better bay area involves pride in your hometown. the sharks are teaming up with others to make a massive mural happen. the har tift behind the piece is familiar with the bay area, bringing other artwork to san francisco and oakland. abc 7 news reporter amanda del castillo has our story from san jose. >> reporter: something caught the attention of people along the alameda in san jose. it's the new large scale free hand mural marking sharks territory. >> i love it. i'm a diehard sharks fan from the beginning. so i love it. >> reporter: the san jose sharks commissioned an austrian artist known for his anatomy-based x ray styled worked. >> i didn't like it in the beginning. it looked strange to me. >> reporter: like many, he couldn't deny the talent behind the piece. the detail and dedication from an artist who onl

happy to be here. >> here in sun valley hearing talk about the streaming wars, announcement about hbo max and there's so many new services, disney, nbc universal, preparing to launch over the next year what does it mean for you as a content creator to have all these new services out there >> for me, i mean multiple things first, it would mean that i have many different possibilities, many different ways to materialize, make a movie or television show or short form content or documentary, so it gives you an opportunity to make more content, but then that's both good and bad. the bad part of it is that it becomes an oversaturation of content and you say how do i actually accomplish the dream that i always had when i started making movies beginning with the mermaid. that means like how do you differentiate your content from all the other content. that is your primary task, to think about what is the subject, what is the way you're going to differentiate your television show or your movie from all of the other product that's out there. all the other product is being birthed primarily from

robbery was an inside job, so robbery actually happened earlier this entertainment viddy venue at sun valley mall. so after months of investigating concord police arrested the security guard. gary delahanty police ve twe leat that security guard help the 2 other men get into that bowling alley through employee entrance. >>at gunpoint push the 2 victims inside and the zip tied their arms behind their backs to better control them and sat him down while they took all the money with the help of the san francisco police department and the us marshals fugitive task force we were able to take both subjects into custody. >>police say that security guard used a fake identity to even get the job it turns out that he was on parole for an assault with a deadly weapon. police are still looking for the 3rd person involved in that robbery. police in daly city have arrested 2 people for carjacking that took place in san francisco. the carjacking actually happened to say a man and his wife they were attacked at gunpoint and then yesterday the car was spotted in brought more. that is the video that you see ri

suspect in an elaborate robbery scheme that went down at around one arcade and building alley at the sun valley mall. police say it was an inside job. they say a security guard was a convicted felon lighted to get the job and came up with the plan to rob the place with two other men. he is one of the men are in jail facing a combined bail of $110 million. selected for two employees into a locked classroom with a tie their hands behind their backs using zip ties and were able to still cast. >> as the search continues, the police have turned the case over to a state agency that licenses and investigates security companies. >>> more than a dozen u.s. marines are in custody. laura podesta reports. they are accused of being part of a human smuggling ring. >> reporter: 16 marines stationed at the southern california camp pendleton taken into custody yesterday. all are accused of helping to smuggle migrants into the u.s.>> it is a shock to the system. truck the arrest happened as a marines stood gathered and battalion formation. a spokeswoman that the operation was carried out in public with the goal

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back to you. >> >> julia boorstin in sun valley president trump goes after bitcoin and the libra.u what he said. stay tuned you're watching "squawk box" on cnbc . jj, will you break it down for this gentleman? hey, ian. you know, at td ameritrade, we can walk you through your options trades step by step until you're comfortable. i could be up for that. that's taking options trading from wall st. to main st. hey guys, wanna play some pool? eh, i'm not really a pool guy. what's the hesitation? it's just complicated. step-by-step options trading support from td ameritrade >>> america's top state for business we rank north carolina's economy as the best all around in the nation texas, lower oil prices over the past year have taken some energy out of the state's economy virginia, the business power house. >> so diversify the economy has been a top priority of ours. >> welcome back to "squawk box." let's take a check on u.s. equity futures ahead of the opening. the data is due out in 4 minutes time the s&p 500 is looking to add on s&p looking to be higher by 8 points and dow at 87 and n

top media, tech, and business moguls are in sun valley, idaho, for an annual conference where major tearsals have been struck in the past. earlier, my can of brooks told us what kind of reception he has had so far. >> i think fine. nobody disagreed with our about the m&a process. generally, i think it has been pretty well. i think it's the legal firms that like it less than the bankers. >> you put out this timesheet that's free to use. has there been any uptick as far as you know so far? >> not as far as we know so far. .e have done 20-plus deals we are experienced in doing this. we have put down a set of terms that we think are very reasonable, fair to both sides, and if anything, if anything a little bit buyer-unfriendly, which is the way we think they should land. the problem with the process is you end up kind of almost hating each other by the end of this bludgeoning, and then you have to work together, and there is this negative environment created, which is similar to what you see in early-stage financing, convertible notes around the world. people have open-source documentation to

the fire started at about 3:00 yesterday afternoon in sun valley, nevada, now 30% contained. >>> still no word on what caused that massive power outage in new york city last night. the blackout trapped people in elevators and stopped subway cars, bringing the jennifer lopez concert to madison square garden to an abrupt halt. authorities say tens of thousands of people were without electrical service for several hours. power was fully restored about midnight, thankfully no one was hurt. >> and this could have been much worse, when you're talking about a city like new york, with a significant piece of the city and basically suffering a blackout, that could be a very chaotic situation. >> con edison apologized for the outage, but offered no explanation for the cause of the disruption. at least 72 people were power as the company is investigating what happened. >>> a typical summertime weekend here in the bay area weather wise. right now i'm working on a nice monday forecast. we'll have that coming up. also a dog stolen in san francisco in broad daylight. coming up the surveillance video t

jackie deangelis in sun valley, idaho for the media conference.ere about this media summit at the white house today? jackie: good morning, stuart. there's a lot of buzz about it here. that's because all the tech and social media ceos are here in sun valley, idaho. so they are certainly not going to be part of the conversation with the president. but remember back in april when jack dorsey did meet with president trump in the oval office. that's when this conversation came to the forefront and obviously, the folks here are saying you know, there's such a distinction between tech and media, but is there that distinction. these companies are in flux. they're in the process of growing. they're having these growing pains, trying to figure out exactly who they are. we talked to john malone. he said they're disruptors and that's what the president is sensing here. maybe some regulation will help. we'll have to see. stuart: never goes anywhere, really, does it? thanks very much indeed. we will get more from you later about that media summit at sun valley.

police say one of two men arrested for holding up a business at the sun valley mall was a convicted felonho lied to get a job as a security guard and then he into other men allegedly plotted to rob the round one arcade where the security guard worked. >> that they forced two employees into a locked classroom where they ti nd hds using zip ties and were able to steal cash. >> you two suspects are being held on a $70 million and $40 million bond. >>> menlo park man trusted around kids is accused of sexually abusing young boys for the last 30 years and investigators here there are likely other victims. the san mateo county sheriffs investigators say the investigation began in january after they received a tip that randy haldeman may be involved in lewd acts with a minor. they discovered he allegedly sexually abused three boys 8 to 13. some of the abuse allegedly happened at the rec center where he was a longtime swim team photographer, as well e kf did finally reported to us and they came forward so that we could stop anyone else from becoming a victim. >> it is really scary. it is horrible.

lauren: tech and media giants are heading to sun valley, idaho today for a big conference that will drawe from tim cook to bob iger and while they'll be talking up their own streaming services, from apple plus to disney plus, one of the biggest pieces of news to hit streaming is that friends is moving off of netflix. >> here we go. pivot. pivot. pivot. [ laughter ] >> b pivot. [ laughter ] >> pivot. >> shut up, shut up, shut up! cheryl: the office as well will be joining friends as that show moves to warner media's streaming service, hbo marks, semax, setto launch in the spri. it will have content from across warner media's library, including movies, cartoon network and a lot more. content from warner's other streaming service, dc universe, will be featured on hbo max. there doesn't seem to be plans to scuttle that service just yet. no word on how much it will cost to describe for all this. lauren: i'm watching netflix stock today. the office and friends were their top two shows in terms of the number of people that watched them. we're also talking about earnings. second quarter earnings

neil: how was sun valley? >> we did not get thrown out.way the police presence there, it is kind of a police state, sun valley. neil: but when you're there. >> everybody, they were so nice to us, the guy that i had my run-in with the last time, couldn't have been nicer. he and i are friends now. listen, i feel badly for him this way, not because he get as good check on this, i think allen company is so loony tune. neil: they host this conference. plenty of bigwig. >> i think they ratchet up pressure on these cops to not let anything happen. he is a great guy. brian cog lynn. a big time new york city. this guy is the real thing. he and i are friends. neil: glad to hear that. >> by the way did you hear the story we broke, lauren sanchez was out there with jeff bezos? neil: that's great. wish we had more time to explain that. very good to see you. >> they are out and about, lovers. neil: absolutely. thank you, my friend. always good seeing you. corner of wall and broad. up 48 points. we had record after record. only thing that could move this

what i'm hearing here from sun valley until i get thrown out, neil. back to you.for those moments, charlie. be safe. >> [laughter] neil: you are in a beautiful locale. charlie gasparino there. talk of minimum wage could go up and soon on a federal level but that could put a lot of people out of work in the process. we'll explain how that works after this. this is about thing, you know, make america, you know his hat? make america white again. they want to make sure people, certain people are counted. it is really disgraceful. neil: everything is racist, right? speaker nancy pelosi, slamming the president over the census, suspecting that maybe what he is really up to is white only america that doesn't keep accurate count of minorities, but the fact is, that when it comes to census questions, a lot of countries, western powers all, ask this very question, including australia, canada, france, indonesia. there is also ireland, germany, spain, the united kingdom. it is just accepted as among the many questions that are part of one line after another that goes through o