he is at the allen and company conference in sun valley, idaho.ng us for what is happening on the ground is ed ludlow. this is a place where the wealthiest and most powerful people come. i guess this is sort of the summer davos, is that fair? ed: yeah, summer camp for billionaires, when they all broke -- all come up in their suvs because there were hugs because the conference did not take place because of covid. they're really strict covid rules here that each guest has to comply with. but there is also this pent-up anxiety. they are here to do business. mary barrow, ceo of gm, where she says she is here to do business. this feeling, it has been so long since these huge names have done any business in person. that is what they are going to do, as well as have a great time in beautiful sun valley. matt: she has got a lot of deals to make. it is amazing what the traditional carmakers are now branching out into. what kind of business do you see coming -- we see barry diller. obviously media and internet technology is a huge part of it. but electric c

there's a lot more besides sun valley coming up.2:00 on the close come fomc minutes. guy: absolutely. that is a crucial event. i wonder if the jobs data or the fed minutes will be a bigger event for the market. we will get the account, they get upset if you call them minutes, from the ecb. the oecd annual conference. claims as well. i am less interested in claims. they are giving us a guide but not a particular accurate one. guy: you go -- taylor: you go from the u.s. economy to a rally in the u.s. market. the sell on amc and gamestop. taylor: you told me -- guy: you told me earlier on i am the sell signal. if ed is the buy signal, good for him. coming up, the united states. this is bloomberg -- the russian ambassador to the united states. this is bloomberg. ♪ in business, it's never just another day. it's the big sale, or the big presentation. the day where everything goes right. or the one where nothing does. with comcast business you get the network that can deliver gig speeds to the most businesses and advanced cybersecurity to

bill gates is expected to attend the sun valley conference as we first reported, speak on friday.ech giants are coming to sun valley, there's a major regulatory assault, and you know , they must be talking about this inside. they aren't letting us in but apparently the biden administration is where the action is in washington, not here with these guys, and there is a planned major regulatory assault being planned on these folks particularly in the tech world and it's mainly aimed at amazon and google and here is how you know it's coming. the biden administration is considering at least two fierce critics of those firms, as their anti-trust chief. one is karl racine, d.c. attorney general and the other is jonathan kantor, he's a plaintiff attorney whose critical of google and is taking cases out against him, so this is pretty interesting, we understand that this announcement could be made imminently and could be made today, tomorrow, we understand it's coming close, and if that happens, i mean, those two guys could be a third choice, i mean, who knows, jonathan sallat, another d.c.

it could be longer, we'll see how that pans out. >> julia boorstin, sun valley, idaho, for us.edia companies to build out streaming, that that is where the valuation is accorded in the stock market >> no question about it. comcast new all-time highs, reasonable valuation, report at the end of the month people are clamoring for nbc sports they really seem to in this, i can't believe i'm saying it but in the sweet spot of things. so good for comcast and that's a name you want to continue to own. >> the streaming platform peacock is ad supported so slightly different from the others that depend on sub subscsubs subscsubs subscribers and what analysts like about the strategy, dan >> and pat rah mount plus over the cbs viacom and the one probably on the block, $28 billion market cap $42 billion enterprise value they are building out. when julia was saying the names of the streaming things my head is about to explode. i just want the shows. that's what cable did for you before so these all got unbundled, everyone is spending billions on doing this they get rebundled cool your jets an

julie boorstin is in sun valley for a conference where there are a range of media tech and investingo will be impacted by this revelation if it goes through. what are they saying >> well, jon, the giants facing anti-trust scrutiny are here in sun valley we saw tim cook along with microsoft's ceo arrive we have not been able to catch jeff bezos or mark zuckerberg but we do hear that they are here in sun valley now it's not just the giants who are impacted by antitrust legislation. regulation could have a chilling effect on venture investment and on start ups as well >> regulation generally speaking needs to be lightweight and careful so you can correct as opposed to try to pre-plan as much as you can. obviously there are certain things that after disaster for start ups regulation is generally bad. government is not the answer for creating more interesting diverse start ups. >> as i spoke to tim armstrong his company has benefitted from apple's new privacy restrictions that have limited facebook's ability to target ads. arm the strong telling me if apple or google are regular regulated

>>> media moguls gathering in sun valley we have a story about reese witherspoon's media company. >>> china's crackdown on tech and cryptocurrencies is ramping up it's wednesday, july 7th, 2021, and "squawk box" begins right now. >>> good morning and welcome to "squawk box" here on cnbc. i'm melissa leah long with joe kernen beck yes and andrew are off. the s&p 500 ended a seven day winning streak the dow pulling back 209 points. the nasdaq did rise to a new high joined by gains in amazon which hit its own high, apple as well as alphabet u.s. equity futures after the record seven day on the nasdaq we had green arrows on your nasdaq while -- there we go, green arrows across the board. treasury yields, the 10-year yield is in focus. we moved under 1.4% yesterday. that move continues today. 1.34 is the level. we did go as low as 1.35ish. >> there it is. >> yeah, there it is crude prices yesterday after spiking on the breakdown of the opec talks reversed. we do have gains though in today's session. so far wti is up by 1.8% brent is higher by 1.7%. $75.78 a barrel. >> dow had a four handle

sun valley. that amazon, he's going to do a stock split.thing to get retail involved at $3600 a share, it's hard for retail the buy it even when you're talking about buying fractional shares. still a lot more difficult. so there's a lot of talk about a stock split, and that is why, i think, the stock is moving today. again, bezos expected to attend, so is andy jassy. we'll ask hum -- him if he attends. warren buffett is expected to attend. you and buffett are quite close. general mattis popped in. we saw him as well. and if i ran into rob manfred, the mlb commissioner, while getting, while in the cafÉ at the place. he ran the other way, of course, but that's usually what happens when i -- [laughter] they run the other way. unless you're a security guard. the security guards here, again, are -- liz: oh, they love you. >> they're, like, they're -- by the way, they're acting like bouncers at a party in the hamptons. i know they think it's their job -- and, by the way, i i appreciate their job. there's more billionaires here, i left a few off t

coming up, gathering in sun valley. we have it all.bloomberg. ♪ ♪ ♪ look, if your wireless carrier was a guy you'd leave him tomorrow. not very flexible. not great at saving. you deserve better... xfinity mobile. now they have unlimited for just $30 a month... $30. and they're number one in customer satisfaction. his number... delete it. i'm deleting it. so, break free from the big three. xfinity internet customers, switch to xfinity mobile and get unlimited with 5g included for $30 on the nations fastest, most reliable network. (announcer) the core is key to losing weight, getting back in shape, and feeling good. introducing the aero trainer, designed to strengthen your core, flatten your stomach, and relieve stress and back pain. it conforms to your body and increases muscle activity. abs, back, obliques, hips, and glutes. get incredible results in just five to ten minutes a day. the aero trainer supports over 500 pounds, and inflates and deflates in seconds. check it out at aerotrainer.com. that's a-e-r-o trainer.com. ♪ >> we got in

we should point out that's what this is all about, when we talk about sun valley.in front of them at sun valley. this is a place where ceo's meet one on one and say let's have dinner, let's have breakfast, your guys talk to my guys and let's get the ball rolling, and i think that's not, i think, i know that's what happened at sun valley this time, and she, sahar i, was in the middle and it be pretty amazing if they did sell anytime soon. she just merged cbs and viacom together in 2019. lauren: got it. charlie: very interesting stuff going on here. lauren: the music is playing charlie thank you very much record highs just minutes away, big week ahead, "claman countdown", coming right back. sometimes, you want speedy but reliable. state-of-the-art but dependable. in other words, you want a hybrid. so do telcos. that's why they're going hybrid with ibm. a hybrid cloud approach with watson ai helps them roll out new innovations anywhere without losing speed. from telco to transportation, businesses are going with a smarter hybrid cloud, using the tools, platform and ex

tom: within sun valley is the idea the pandemic is over. doing this, discovery is doing that. what will you listen for here that will get done in six weeks? ed: the message behind the scenes and on the record is this is all business. the pandemic is over despite the restrictions in place. the gm ceo told me she was all about business this week. there is on the agenda talks about the global economy. there are health experts inspired about the ongoing pandemic. this is about deals. i asked one executive will we see deals. he made the point that for 35 years we have seen deals. why would this year be any different? what you get a -- what you get is a sense of postponement. in tnt we have seen such activity. more money has changed hands in that sector since 2000. there is stuff to be done. we know scale matters and we are watching names like viacom and cbs very closely. romaine: you bring up the idea so much money has been committed in the first six months of this year. it raises the question as to what types of deals are left or which ones wou

the media moguls descend on sun valley will the post covid conference be another big deal maker thisdo you think real estate is hot in your town we've got a lest of the ten hottest markets in america some, they may surprise you. it is wednesday, july 7th. this is "worldwide exchange. >>> good morning, good afternoon or good evening and welcome from wherever in the world you may be watching i'm brian sullivan thanks for watching us on "worldwide exchange. your money and market futures are mixed just like the trend we had yesterday. stocks, the s&p anyway, snapped a big streak the dow is down 5. nasdaq futures are up 53 the nasdaq and the nasdaq 100 posting all-time record highs at the close. by the way, we are watching tech again. now technology may be up as bond yields come down remember gouggguggenheim's scott miner's call very contrarian that yields on the 10-year would drop nobody agreed. that call looks like it is holding true right now as the 10-year ticking to its lowest level since late february. we were at that. oil with all of that going on, oil is a little bit higher in the

we close out a big week from sun valley first, we have a news update >> i do. wholesale inventories grew more than expected in may rise beg led by stocking up on nondurable goods the 10-year is up about nine basis points concerns of a weakening recovery in much of the world wedbush securities outperformed the coverage just in time for this weekend's championship matches the agreement, more games will be shown on abc. rights being expanded in canada and south america. back to you. >>> a company filling worker shortages around the world insta work now raised over $60 million with more than 25 u.s. markets. shift growth expanded over 8 x insta work cofounder and ceo great to have you. here on a platform at a time when there is such a labor shortage, how much movement are you seeing in wages paid and inflation. wages happen businesses we open post covid, the bigger trend we are seeing is the demand for flexible work arrangements demanding flexibility, we are seeing service and industrial professionals saying we want flexibility too. businesses asking for flexibilit

tom: can't you see jon ferro at sun valley?ng, with maybe a blazer. black turtleneck, black blazer. romaine: do you ever wear anything other than the black suit and tie? jon: this is all i where. tom, all he wears is a bowtie. this what we are familiar with. this is it. why wouldn't you where what people are familiar with? you don't want to disappoint them. romaine: i wasn't aware. tom is recognizable. jon: tom encourages the recognition. if you are ever in a bar, he encourages the recognition. tom: can i recommend that we send ferro to sun valley next week? jon: do you just went to get rid of me? what would you like me to do in sun valley? you want me to go to do yoga and go on one of those hikes? tom: you can do that. i'm sure there's a yoga session going on. jon: did you watch "succession?" tom: i've never watched it. jon: you really need to watch. they go to a version of sun valley. it seems to be a great time. romaine: there's a lot going on down there. tom: luck on the tv screens of finance, like "billions" and all of tha

coming up, the gathering in sun valley.e it all. , like, this is bloomberg. ♪ so many people are overweight now and asking themselves, "why can't i lose weight?" for most, the reason is insulin resistance, and they don't even know they have it. conventional starvation diets don't address insulin resistance. that's why they don't work. now there's release from golo. it naturally helps reverse insulin resistance, stops sugar cravings, and releases stubborn fat, all while controlling stress and emotional eating. at last, a diet pill that actually works. go to golo.com to get yours. total gym includes everything you need to get into the best shape of your life. for every body at any age. it works every muscle group, including your core, using your own body weight as resistance. customers love total gym because it's fun, fast and effective. nothing delivers full body results like total gym. and right now you can try it risk free and enjoy special savings too! get on demand workouts free, free shipping and more. call now! >> we h

sun valley going on right now. will any deals come out of it, you think?diate deal announcement, there's something that lingers and ultimately turns into a deal announcement, so maybe months down the road but there will be conversations that lead to some deals. >> you want to give us a prediction of what conversations will linger? >> well, traditional media has a lot of challenges so traditional media has got to find a new path and when companies find that they need a new path, usually they find their way to some deals, so something involving traditional media going someplace is my broadest prediction >> okay. karen, you got a question for tom? >> well, i do. i'm going to take your broadest prediction, and just overlap that with something i have in my portfolio, which is viackom, so you saw the crazy ride had nothing to do with valuation whatsoever, they did raise money, do you see them as, i mean, will this still be a public company i'll give you a lot of time, in five years >> well, my guess is that they will have to find a path to value beyond being ind

i'm deirdre bosa with jon fortt and julia boorstin joining us from sun valley.rackdown. didi shares down another 5% now as those stocks have gotten crushed. first, get a news update with rahel solomon. good morning. >> good morning. what's happening at this hour. the bill and melinda gates foundation will name new trustees to oversee the charity the work and that melinda gates could resign if she and bill aren't able to work together after their divorce. >>> announcing a $15 billion donation from founder bringing total endowment to about $65 billion. >>> u.s. treasury taking a break from a rally yield on the ten year falling below 1.3% and hitting a 4 and a half low before recovering unwinding of short positions also. >>> blackrock staying underwielding treasuries world's largest asset manager out with a midyear investment outlook. and blackrock cutting yot look from u.s. stocks to neutral even though the s&p and nasdaq hit new heights this quarter. >>> and crossover blends competitive pricing and style. back to you. >>> china cracking down on big tech state cou

this is, if you didn't know -- >> you hate sun valley. >> i love sun valley i love idaho i love sun valleyll tell you about new agreements in the streaming business next. >>> later, i'm glad brian and geoff, for them i think it is great. i wouldn't be criticizing them later, we twill take you live t sun valley with the interview with the iac ceo joey levin. >>> you can tch waus live anytime on the cnbc app. we'll be right back. the world's first fully autonomous vehicle is almost at the finish line what a ride! i invested in invesco qqq a fund that invests in the innovators of the nasdaq-100 like you become an agent of innovation with invesco qqq >>> netflix is doubling down on producer shonda rimes. filming gaining merchandise and live events. rhimes has a four-season commitment with "bridgeton." why are you aughing? >> what do you call it >> steamy. terms of the deal are not disclosed. rhimes is one of the highest paid creators at netflix >> that brings people in if you tell me that, i'll watch. >> what part of steamy, historical drama draws joe kernen in? >> the fact you called it steam

he's in sun valley, idaho, and they declined to comment on the legal action.d three separate class-action suits over banning his accounts. coming up, going full-circle, we speak with the circle ceo and the concorde chairman. the deal and what it means for the future of cryptocurrencies. this is bloomberg. ♪ caroline: u.s. cc is set to go public, concorde has a value of four $5 billion with a funding round from investors. joining us now is bob diamond, as well as sonali basak. thanks for bringing this about. a while ago we stepped out at the start of the journey. talk to us about why you want to go public right now. >> we have seen incredible growth in the products and services we built around it last year when we grew from 400 million in circulation to 4 billion in circulation and since january 1 it has grown to $26 billion in circulation with incredible growth. as we thought about the opportunity, we thought about the growing role of dollar digital currencies in the future of payment systems and financial market infrastructures and saw anna norma's opportunit

neil: all right in the meantime, i want to take you to sun valley the big media mogul conference and airport, and they're talking climate change, after this. ♪ limu emu & doug ♪ oh! are you using liberty mutual's coverage customizer tool? sorry? well, since you asked. it finds discounts and policy recommendations, so you only pay for what you need. limu, you're an animal! who's got the bird legs now? only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪ the rule in business used to be, "location, location, location." now it's, "network, network, network." so you need a network that's built right. verizon business unlimited starts with america's most reliable network. then we add the speed of verizon 5g. we provide security that's made for business. and offer plans as low as 30 dollars per line. come to verizon small business days on fridays in july to get a plan that's built right for your business. keeping your oysters business growing has you swamped. you need to hire. i need indeed indeed you do. the moment you sponsor a job on indeed you get a shortlist of quality c

hotels is next >>> plus some of the biggest names in media and tech are gathering at the annual sun valleytails on that, later what happens when you make power your thing... above everything? you decide fast... is never fast enough. you put muscle over matter. and you make horsepower... a superpower. ♪ welcome to the brotherhood of muscle. right now, you're planning for your future. maybe it's for kid number two. or employee number two hundred. maybe it's understanding the real value of your business. or ensuring that what you've built, will be taken care of for a long time. whatever you're planning, you don't have to do it alone. we'll make that part of your plan. you have a team who's been preparing for all kinds of futures for nearly 170 years. learn more at massmutual.com >>> welcome back hey, shep. >> thanks from the news on cnbc, here's what's happening. a disaster emergency for gun violence declared in new york. governor cuomo says his first in the nation executive order is part of a broad are strategy to reduce the number of shootings and treat it as a public health emergency. they

from sun valley to las cruces, down i 10, somewhere past el paso to texas for mr. bezos july 20.ck by this idea of the public private aspect of space exploration. the id the public sector does need to get behind this in some capacity. there is an intricate connection between the two being driven by the private sector. you asked the right question. will these private companies get us to mars. are they going to be at the forefront of the next scientific development. the cold war product that led to space travel, whether this can be generated by the private sector today. tom: to meet what it is is about the physical risk. these people are testing risk, complete underestimation about the risk involved in ma'am spaceflight as we learn the hard way across mercury, gemini, and apollo. did you mention there is a 10 year option coming up? lisa: why don't you talk about it. tom: the preview is what, does anyone care? lisa: i care stop people are looking to see if we have seen the peak demand for treasuries given the fact they are lower yet again. tom: stay with us through the day and the w

bezos from sun valley in idaho out to his efforts to the edges of space.nson will as well. they are doing and alan shepard. we can go back to mercury, before jon klein come at the time -- before jon glenn, to get to the edge of space. look for that sunday as virgin galactic launches at 9:00 a.m. i believe at 3:00 new york time there'll will be a football, soccer game. romaine bostick may tune in. we are not sure. stay with us on radio and television. ♪ in business, it's never just another day. it's the big sale, or the big presentation. the day where everything goes right. or the one where nothing does. with comcast business you get the network that can deliver gig speeds to the most businesses and advanced cybersecurity to protect every device on it— all backed by a dedicated team, 24/7. every day in business is a big day. we'll keep you ready for what's next. comcast business powering possibilities. (announcer) the core is key to losing weight, getting back in shape, and feeling good. introducing the aero trainer, designed to strengthen your core, flatte

. ♪ liz: breaking news, we have a zuckerberg sighting in sun valley.uple of hours ago as the annual allen and co. summer camp for billionaires -- i mean, conference -- enters day three. charlie gasparino has been on the ground all week as it shifts from wheeling and dealing to something very different. last week he was on a surf body, this week he's in sun -- surfboard, now he's in sun valley. >> yeah, and he was walking with sheryl sand brg. we do have jeff bezos walking hand in hand with his gal pal, lauren sanchez. my producer, ellie -- liz: oh, we do not have it. >> -- mowed down people to get the video of the love birds -- [laughter] liz: o.k., wait. wait, charlie, were it. hold on, we have it. >> emmitt smith. okay. ♪ love is in the air ♪♪ [laughter] ♪ love is in the air ♪♪ now remember last year i did the story about -- showing up, last year was the first year, this is the second year. as you know, it was nice that he at least said hello because most of the people here are complete, let's say jerks. they don't talk to you, security guards throw

on the market and the names he is adding to his portfolio right now, plus we're heading out to sun valley where the biggest names in media and entertainment are gathering and we'll talk to linkedin co-founder reid hoffman about the trends he sees in the industry and let's focus in on the big stories that we're watching today to get us started. mark santoli is tracking the market action and ylan mui has the latest >> the s&p 500 got an extra push to the upside after the release of those minuteses and basically investors seeing nothing in particular incrementally to worry about. you take a look at the one year and the s&p looks like this sort of reach higher to the top end of this trend area, mostly today and it's the apple, microsoft, amazon show if you wanted to look at the attribution of what's carrying things and we have small caps week and a lot of noise below the surface and we'll get to some of that in a minute and for now, the s&p itself seems like it's not bothering and it and some of the erosion catches up to the headline index and take a look at the s&p against a couple of other

from tech media descending on sun valley, idaho to discuss issues including climate change, used greenn't believe climate change global warning is an issue if they did wouldn't be anything on private jets would take scooters to sun valley that is one issue what you frustrates people hypocrisy of this so great, they are telling me i should trade in my suburban, ford f-150 drying claimant they are flying on private jets americans hate this hate people with hypocrisy, to change our life but won't change anything about their own cheryl: i agree with you so ridiculous, i remember look at the festival celebrities go to park city land with private jets five suvs to pick up one star take your pick ridiculous, practice what you preach. >> i agree, if it isn't -- scooter i think commercial airplanes still go to idaho last i check could have -- gone with other people to get there, this is i think general society sick of this whole idea now, that you've reached top pull ladder from everyone else, have this conscious all of a sudden about everything behind closed doors we saw you what governor duri

>> there is the generation sun valley conference.ting and talking face-to-face >> right i don't know about that. that's just particular business travel >> that can go away. >> i don't know. that's hiking in beautiful pl places >> are you jealous because you are not there and becky and andrew are >> that's it >> ding, ding, ding. >> maybe next year see you later. >> it is beautiful the mountains in the summer. amazing. >>> thanks, frank. almost every automaker in the world planning to develop the electric vehicle salantis has the latest. let's get to phil lebeau >> melissa, we will hear from the ceo as he will be delivering the ev strategy for stalantis. why is this so important they are basically not in the game with evs. at least in north america. they have offerings in europe. they do pretty well over there here in the u.s., jeep and ram is what we are talking about with fiat and chrysler with stellantis they have three plug-in hybrid models how quickly are evs coming to market look at the number of models on sale through 2025? 125

no 1000000000 years make the way to the sun valley resort. well, last year the event was on hold as a result of the pandemic this year, the leads are making their way to the sleepy resort count. the annual conference is hosted by investment bank allen and company. it was reportedly one of the underwriters for google's 2004 i p. o. facebook 2012 i p o, twitters, 2013 i p. o, and a co manager for linkedin, 2011. i p. o. the company also had a hand in some major changes in tact, reportedly advised facebook back in 2014 was acquiring what's up. it also walked e bay and pay pal through their separation in 2015. elena company is also linked to helping verizon acquiring yahoo in 2016 as well as helping microsoft when it was purchasing linkedin and on the invite list include some of the most influential people in the technology sector finance world and in media is believed. major deals began at these very conferences. this includes comcast acquisition of nbc, universal in 2009, as well as just basis as purchase of the washington post and 2013 summer

. >> thank you >>> bobby kotick joins us from the sun valley conference in idaho to discuss whether he's potentials. >>> and how the other meme stocks are faring during today's pullback that's later on "closing bell. ♪ >>> time for a cnbc news update with shepard smith hey, shep. >> hi, wilf. a chicago man indicted today for shooting for a federal agents and a chicago police officers. eugene mcloren charged after police say he pulled up along tsai the offi-- alongside the officer's cart and started shooting >>> preparation underway along much of the east coast as elsa moving north tropical storm warnings along the i-95 corridor from the carolinas all the way to massachusetts. the main threat to the region is flooding, winds, large hail, small chance of tornadoes. >>> president biden defending the u.s. troop withdrawal, saying he won't send another generation of americansthere t fight. the president announcing the mission will end on august 31st ahead of the original 9/11 deadline as forces take more territory, part of our covers on "the news" right after jim cramer >> thank you we'll be

■ç■>> tech star power, jeff bezs came out of the shadows in sun valley and we will have the lehto's -rend on tiktok is big business and i will talk to one of the biggest influencers. she is known as robinhood kid

finally, the annual sun valley conference is set to return after being canceled during the pandemic.ntration is going to be oil today, isn't it? manus: absolutely. the next team are going to run through the oil market. what caught my eye are the fx implications. we will leave that to anna and mark. ♪ ♪ look, if your wireless carrier was a guy you'd leave him tomorrow. not very flexible. not great at saving. you deserve better... xfinity mobile. now they have unlimited for just $30 a month... $30. and they're number one in customer satisfaction. his number... delete it. i'm deleting it. so, break free from the big three. xfinity internet customers, switch to xfinity mobile and get unlimited with 5g included for $30 on the nations fastest, most reliable network. so many people are overweight now and asking themselves, "why can't i lose weight?" for most, the reason is insulin resistance, and they don't even know they have it. conventional starvation diets don't address insulin resistance. that's why they don't work. now there's golo. golo helps with insulin resistance, getting rid of s

everybody is focused on the big question about the divorce. >> sandra: and they all descend on sun valleythey get together as far as the divorce is concerned. his wife showed up in new york city. massive security detail. so i'm sure there's big discussions being had at summer camp. >> summer camp that i would like to go to. >> sandra: right. where is our invitation? i want to hear about your parks season 5. what are we seeing? >> thank you for watching, sandra. the hope is that it encouraging people to go to their national sparks, spend time with their families. the great smoky mountains is in most visited. and we explore what to do. we go to 40 local businesses. they drive the local economies. >> sandra: what is happening here? >> this is grand canyon. again, grand canyon is one of the seven natural wonders of the world. we explored how the canyon formed. when you go, you can go to the north or south rim. you can do both. they're about ten miles apart. you is zip line across or drive five hours. it's about 2015 miles away. from that vantage point, you get the unique view to explore. >> s

i think you have some big headlines over the next few days out of sun valley.sector. i had no turmoil with you. this is great. thanks for having me. take a look at the turmoil in markets. take a look at the nasdaq, the upper former relative to the s&p 500. for an index at record highs earlier today, you are seeing a comeback. the bond market down five or six basis points. under 2% on the 30 year yield. that catches my attention. it is china regulation, the power of beijing, with the stroke of the pen changes the game. coming up, tyler goodspeed joins balance of power with david westin. guy: i am going to the cable on bloomberg radio. we will talk about the u.k.. the health secretary pointing to big numbers for covid. this is bloomberg. ♪ look...if your wireless carrier was a guy, you'd leave him tomorrow. not very flexible. not great at saving. you deserve better - xfinity mobile. now, they have unlimited for just $30 a month. $30 dollars. and they're number 1 in customer satisfaction. his number? delete it. deleting it. so break free from the big three. xfinit

. >> it's in idaho, where sun valley is. >> rich people have -- >> sun valley. >> biden would have hated mobility so they go to towns why they establish their base. >> right. >> and then these companies can't pay. so they basically new companies come in. you heard what president biden said. >> pay more. that's also a question i am not going to pay you the same wage if you are not in new york working in new york if you are going to be working in colorado i am going to pay you less. >> yeah, that's what should happen. >> we both agreed there is a seminal change now and you are not going to have people coming back to the office five days a weeg. >> no, jay powell -- >> there is transitory inflation, as we get a second house, the rich people i call them the cool guys and the billionaires. >> got it much. >>> well, on that happy note, we have "stop trading" coming up with jimmy in the back here. we are back in two minutes i'm searching for info on options trading, and look, it feels like i'm just wasting time. that's why td ameritrade designed a first-of-its-kind, personalized education cente

billionaires flocked to sun valley. big topic, climate change.s really bad this year. they had to avoid air congestion. the faa wouldn't let the planes from the west coast where the billionaires live, from west coast as far as michigan come into the idaho mountains to park a plane basically next to a cow. because it was too jammed. they had to stall a lot of them. this is billionaire summer camp for all the rich people. whether mike bloomberg, jeff bezos, even bill gates. it is funny they give these speeches on combating climate change and they still take a private jet. we do this story every single year. it doesn't change. one of bill gates' excuses is i use clean jet fuel in my private jet. stuart: where is aoc, with are is bernie sanders? they dislike intensely having billionaires. both of them are climate change people, the billionaires are climate change people. what a mess. lauren: change the location of the allen and co sun valley conference so they can get there easier. stuart: maybe drive there. lauren: they will never drive there or tak

iq has always for bringing us that report from sun valley. hate to break it to you, you are the cell signal. the minute you open your mouth at 10 a clock a.m., you get a sharp drop. we do not go to the moon. we go to the opposite. take a look at gamestop, off 9%. amsi is now off for 4 -- amsi is now -- amc is now off for four straight days, saying they would not authorize additional share sales, so not diluting shareholders, and yet the market really not liking that. that is certainly going to be something we are watching. guy: i'm just notú!éwp you can blame me for this, but i guess i will take whatever i can get at this point in time, one way or the other. taylor: stay with us. coming up, signs of that reflation trade are running out of steam. the russell 2000 off 0.9%. lori calvasina of rbc capital markets saying that the market mood is of fading optimism. she will join us next. this is bloomberg. ♪ ritika: let's check in on the bloomberg first renews -- first word news. the president of haiti has been assassinated. he was killed at has pr

thanks so much, bill and, ceo of live nation, thank you so much for talking to us here today in sun valleyour stock has gone way up in the past year on anticipation of the world reopening. you had a full capacity concert in madison square garden, a sign concerts are back. how concerned are you about the delta variant slowing this reopening? >> we're very excited about the american market. those two markets seem on track. in america we're fully open at this point we have 30 amphitheater tours starting this week across the country. full capacity. miami 200,000 people about 10, 15 festivals on sale that will happen this summer we're wildly excited the u.s., the uk is on plan. we'll be in business we always expected asia to be a '22 business they're behind on vaccines we think europe comes together late, probably a fall business the big win this summer if we could get the u.s. and the uk back to business by july that was the big win and that's happening. >> reporter: you've had a backlog of all of these artists. how does that pan out? are artists going to be crammed together and people will ha

stay with bloomberg for continued coverage of the wheeling and dealing at sun valley.ll over it. let's talk about education. with many children learning remotely, extra help for those struggling with change, there has been a huge demand. tutoring is helping every student reach their potential at no cost to the student. joining us now, phil cutler, who's been raising money for the company and out looking to wheel and deal with the actual school districts. talk to us about how your business model is different than the rest. >> thank you for having me on here today. for sure, our approach to tutoring is very different than the other companies that exist. we go directly to the school districts, partner with them, and that allows every student within their schools to get access to academic support. traditionally, a lot of that support has been reserved for wealthier families. with us, we partner with the school district to allow every student that access. caroline: there are you finding demand coming from? you are based in montreal. is your presence in north america, largel

plus if you wonder where julia is today, she is at sun valley rb live in idaho the rest of the week, viewers. >> want to put meat on the bone where the media story is concerned, how the companies are going to bulk up in services and perhaps reflect on the tradeoff between arming the media over the top streamers versus seeing what they can do in theaters meanwhile, top gainers on the nasdaq, take a look at those amazon, docusign, zoom video as we wrap up here. work from home trade, still hot. central one up 9%. "halftime" starts now. >>> all right, jon thanks. >>> welcome to the "halftime report." i'm scott wapner big tech's rebound this several stocks hitting new highs as the dow touches a 400 point drop how key are the names to the rally which tom lee now says can be child support choppy. we'll sboo shannon skoshia josh brown pete najarian. great to see everybody beginning with tech, the nasdaq hitting a record high off the open today amazon microsoft, facebook, google new milestones, apple getting close as well. that stock has been on the move big

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there were two major takeaways out of sun valley for me, and we broke -- my producer and i broke a bunchhypocrites. they talk about climate control and have bill gates give them a he canture on climate control while they come in on their carbon-emitting private jets. [laughter] number two, the security were bigger jerks than they are in the past. we can get into that later. but the third takeaway -- [laughter] out of here is that viacomcbs, about two years they made shari redstone the controlling redstone family which are the controlling shareholders and merged them together, she, according to people that watched her interact at the conference, that she is clearly signaling that she wants to shop the stock. that doesn't mean that she's actively shopping it, okay? but clearly, what came out of this from the rival media executives based on her multiple conversations with people is that, you know, this is a company that's probably for sale at the right price and could be sold, could be emergencied. because scale -- merged. because scale is a big thing. now, i know what's going to happen in

the low-key sun valley big powwow media moguls, and now we're hearing of deals? who knows? or disney spun out its regional sports networks that it took as part of the fox deal. they sold it to sinclair for $10 billion. everybody thought it was a great deal at the time. it's proving not to be such a great deal right now. what is a regional sports network, that's essentially a cable network that features sports. baseball is big into this because baseball's a very regional sport, and you pay a cable fee to watch your favorite team, say you're in miami, the marlins. sinclair owns most of them. the problem with this model mow is cord-cutting, and it's really squeezing revenues at many of the regional sports networks, just not making a lot of money or any money. this happened, this topic came up at the sun valley media concerns where bob man item fred -- manfred, the commissioner of mayor league baseball with, brought up problems, and he's really worried about the future of these rsns, particularly those owned by sinclair which, quite frankly, overpaid two years ago, $10 billion

neil: charlie gasparino, big media pow-wow going on at sun valley. what you do, when you do it, who you are talking to. we have a lot coming up including a push by governor abbott to build that wall. he has more troops coming from yet another state, ohio, the latest. they're up to a dozen trying to help him out in that regard but how far can they go with this, after this. that building you're trying to sell, - you should ten-x it. - ten-x it? ten-x is the world's largest online commercial real estate exchange. you can close with more certainty. and twice as fast. if i could, i'd ten-x everything. like a coffee run... or fedora shopping. talk to your broker. ten-x does the same thing, - but with buildings. - so no more waiting. sfx: ding! see how easy...? don't just sell it. ten-x it. one, two! one, two, three! only pay for what you need! with customized car insurance from liberty mutual! nothing rhymes with liberty mutual. only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪ [swords clashing] - had enough? - no... arthritis. here. new

they're in sun valley, idaho, talking business and planting the seeds of the next blockbuster deal juliatin is there with a major player in the entertainment industries i am joined by casey wasserman who is a media, sports and music company. more recently music and also chair of l.a. 2028 we'll have the olympics in los angeles. i want to start with the olympics and it's the center of so much cultural conversation right now. you've been pushing for them to change the rules about protests on the podium. there's this conversation about the banning of sha'carri richardson, what are the olympics going to be like this year >> first of all, i'm excited despite unimaginable circumstances that tokyo 2020 is going to happen this summer, and i think it's going to be an extraordinary event and obviously not going to be as enjoyed as normal olympics and it's a remarkable thing to bring the world together and beginning to see the world come back together so it's exciting. there are a lot of rules and a lot of sports and rules aren't meant to be static and whether it was rule 50 whether it is about non

and catch them idaho near the sun valley ski resort, there are plenty of jobs to be had.man can't afford to rent or buy on his salary at a ski shop. thanks for coming on the show. tell us about the predicament you're in. >> you know, my situation is that for the last about a year and a half after my landlord decided to redevelop the property that i was living in that i've been looking for a permanent place to live and there isn't anything available right now. it's the inventory is non- non-existent and with the pandemic it exacerbated the pandemic. my situation is better than a lot of other people in my community because i got my mom's house where i can sleep. i got a friend who has a vacation home. he lets me use it when he's not around. so i can make do but it's indicative of how bad the situation is. you know, even the people that have housing are facing the predicament of at any moment their landlord could decide to add the rent almost doubled and decide to sell the place or something like that so you're at the whim of your landlord and have no security even if i had

. >> mark: it's billionaire summer camp in sun valley, bill gaetz, jeff bezos and the other big teche jet to discuss why you need to travel by bus and beat your clothes dry on the rocks down by the river. that's just the global warmongers business as usual. the only surprise is they didn't make those poor cows climb into the flatulence restraints. if you think they will remain only for cattle you are being very naive. no the only surprise this week came in from a story from politico opposing china's plans for world domination is now apparently a form of climate denialism. quote, as a new cold war takes shape between the u.s. and china, progressives fear the result will be a dramatically warming planet, over 40 progressive groups sent a letter to joe biden and lawmakers urging them to prioritize cooperation with china on climate change and curb its confrontational approach over issues like beijing's crack down on hong kong and the detention of uyghur muslims. say what you like but chairman xi is certainly reducing the uyghur's carbon footprint very dramatically. still it's a surprise

buzzing about viacom cbs we should also point out that shari redstone was making the rounds in sun valleymcast. i've learned she was speaking with david zaslov, the new warner media discovery combination. i'm going to say this , those two deals seemed like probably a bridge too far. comcast because of the overlap, remember, comcast owns nbc, cbs is at viacom you'll have to get rid of one of them to meet anti-trust concerns. the other one zaslov is in the middle of a merger it's going to be very hard for him to buy them. that said there's a lot of other properties out there, does amazon buy them? does government allow amazon to buy them? i guess is one of the questions, and i think that's the big thing here, with viacom. the players that are out there, the big tech companies are under the microscope for with the biden administration regulators so amazon be a natural place to put viacom cbs because there's no real overlap but you know, the lina khan of the ftc hates amazon and its size so even though the media world is talking big, making big noise about merging here, it's not, it's going t