contract is coming up. >> should we be excited for tim armstrong?ot worried about tim armstrong at all my understanding that this is a completely amicable situation. and, in fact, something that was planned. >> he may hit the nine figure thing. we may never, yen, maybe. >> again, two pieces of news, again, happening simultaneously. >> i tried to look at your phone as you were walking off the set. i couldn't see it. >> i'm sorry. >> could that be the source? >> it might have said anonymous on it. >>> thank our jobs panel today when we come back, wall street reaction to today's job report we have veteran strategist jim paulsen joining us to talk more about it and don't miss larry kudlow join"sawonhetrt"ing quk t see live at 9:30 eastern time. stay tuned, we'll be right back. . >>> when we return, strategist jim pallsen, and jim cramer live from the new york stock exchange futures take a look, nasdaq off 47 points, s&p 500 off about 10. and tesla downbo aut 5%. we'll talk about weed and much more in a moment i'm ken jacobus, i'm the owner of good start

tim armstrong is very effective, a great advertising i when it comes to online.change at the top at verizon. they are taking a very different approach. before they were going to go big intermediate. not so much now. they are going big into 5g now. that is not surprising. tim armstrong was mentioned as a candidate for wpp. alix: interesting. that did not happen. david: he is a superb sales guy. he is really good at advertising sales. alix: let's get more on your business news. : the largest shareholder in deutsche bank is getting out. startedhna group has selling it's almost 8% stake in the german lender. the cash-strapped conglomerate is focusing on its airline business. shares for deutsche bank are down 39% this year. the chair of fiat chrysler has reconfirmed the companies plan to stay independent. questionn about what is next for fiat chrysler. there was speculation that the company would seek a merger. is accusingfounder conspiring to of himhim from the -- oust from the company. the founder step down after admitting to using a racial slur. alix: thank you so

tim armstrong came to verizon in 2015 when it acquired aol.ect its purchase of yahoo twond years later struggled to connect the onlynn advertising business with verizon'sireless customer data. a rough day again for tes shares. the company's chief accounting officer resigned after less than a month on the job and ns surfaced that the head of the resources department is leaving, aso well. add that this video of the ceo elon musk apparently smoking marijuana in a live podcast appearance with comedian j rogan. put it all together and you have the recipe for a down day. the stock closed 6% lower. tesla shares are down more than 20% since musk first tweeted about going private and that was last month. >>> theasino industr as of late has been launching a number of initiatives that 2 hoplo hop will the gender gap. the casino has turned to a female tennisegd who has served up gender equality in her own sport that h ped tac that problem. contessa brewer is at u.s. open in new york with the details. ♪ ♪ >> decades ago, billie jean king made a name for he

tim armstrong is in talks to -- he was unsuccessful in building his unit into a digital giant time hee to verizon when it acquired aol. that is latest bloomberg business flash. let's look at european markets as we head to the friday close. lower, the ftse by managing to stay flat. mainly,0 europe, moving schneider electric down 5%. this is bloomberg. ♪ bloomberg markets: european this is the are in close on bloomberg markets. -- this is the bloomberg close on -- european close on bloomberg markets. european stocks worst week since march, some of the biggest indexes to this week. spain finishing the day down nearly .5%. u.k. stocks, also one of the worst-performing regions, finishing nearly point -- down nearly .6%. individual company stories. if we look at the individual company news, iag is one of the big movers. this is british airways parent company. the company says they have a hack of the hundred 80,000 customers payment information -- 380,000 customer payment information. another big mover to the downside is that the bank -- danske bank. deutsche bank shares also falling after t

tim armstrong. >> yes. >> tim armstrong. >> yeah. verizon, you mean?h the division -- >> yeah. what precipitated a lot of this. >> i was with tim the day that the new ceo was announced. i have to tell you, i'm not saying it's unexpected there's been turn over of the company. >> armstrong has been there for some time. >> yeah. he traced out a division i thought was start and could move the needle one day it's just disappointing. it's disappointing. >> as we mentioned earlier, back to the key economic data labor department said 201,000 jobs were added in august. wage growth a new cycle high going back nine years. unemployment at 18-year low. joining us this morning is larry kudlow good morning good to have you back. >> good morning! thank you, carl. i appreciate it. >> are wages the headline to you? >> wages and this number were very good. 2.9% year on year and 0.4. i like that. i also like 201,000 nonforeign payrolls because of the skewed seasonal adjustments some people thought that number was going to be 50,000 lower, but it wasn't! and it shows the s

walgreen's stock is up. >>> verizon's boss tim armstrong is talking about leaving. facebook. the market doesn't like him leaving. it is down, not that much, 16 cents down for verizon at 54. >>> we're watching your money. big tech has been hit hard this week. we have a guy next who says now is the time to buy. he is especially bullish on google. he thinks google is the next trillion dollar company. >>> a wild week in washington, from senator cory book arrest -- booker's and bret baier is covering it all. he will join us shortly. ♪ i've always looked forward to what's next. and i'm still going for my best even though i live with a higher risk of stroke due to afib not caused by a heart valve problem. so if there's a better treatment than warfarin, i'm up for that. eliquis. eliquis is proven to reduce stroke risk better than warfarin. plus has significantly less major bleeding than warfarin. eliquis is fda-approved and has both. so what's next? seeing these guys. don't stop taking eliquis unless your doctor tells you to, as stopping increases your risk of having a stro

. >>> tim armstrong in talks with verizon three years ago upon the purchase of aol and helped shepard the purchase of yahoo! into verizon's digital unit. so far the matchup failed to create much growth and make its way to the forefront of verizon portfolio. verizon right now down one-third of 1%. but there's no shortage of drama today. charlie gasparino will join liz claman next on the response to elon musk's latest controversy and the future of cbs and chief les moonves. "countdown" coming right back. a business owner always goes beyond what people expect. that's why we built the nation's largest gig-speed network along with complete reliability. then went beyond. beyond clumsy dials-in's and pins. to one-touch conference calls. beyond traditional tv. to tv on any device. beyond low-res surveillance video. to crystal clear hd video monitoring from anywhere. ♪ ♪ gig-fueled apps that exceed expectations. comcast business. beyond fast. i couldn't catch my breath. it was the last song of the night. it felt like my heart was skipping beats. they said i had afib. what's afib? i knew that m

business, one that seems to get a lot of attention here at a communication/media conference, oath tim armstrongman that run it, put it together, aol, yahoo, many of the participants when they talk about it, the simple question, is it big enough, does it have enough scale, or do you need to sell it or buy more? >> i think first of all, happy for the asset we have. the executive team put this together we had a lot of different assets put together we have our channels which we're proud of everything from sports to finance. we have just developed an ad tech platform all over the organization and also it is a lot of great confidence that's important for the verizon brand. ai, data centers, i think this is an important asset for us the team put it together we're doing a good transition as usual. verizon planned well we feel good about it. important asset for us both a leverage internally and external sort of asset we can use. >> you feel like it is delivered or will deliver what it hoped for when pursued certainly there were those that believed it was the beginning of what was going to be a larger co

the stocks seems to be down by the feedback that it is less pure baba now >> were you stunned by tim armstrong>> no. >> why >> i was not stunned by it >> it is all so excited of what was going to happen with those >> i think strategically, there was a chain of how that property is going to be yule hospitaliutd >> they did believe that business will be important for them and not giving any indication in terms of needing more scales or so-called content. >> i think they really need scales i think there are these companies that's under the radar of internet company like etsy and amazon is trying to offset the etsy world etsy have been an incredible stock. that's a big theme of this particular market. the over run price targets they take it up and they try to find some new reasons to take it up we well -- >> they cut the rating and left the price targets. >> there is some values added. hey, raising price target and we have to take it down then thermo fisher is a good example. finally we got a chance to buy thermo fisher. these do not work. in this market valuation downgrades do not last year too.

with tim armstrong, i was fascinated by his comments, i do not know what to do with them. was his first-order skill set and what is the new skill set running cbs? paul: he was the best television programmer in hollywood. he was able to make that into a ceo slot. what they need now is a strategic ceo and to think about where cbs fits in. not, there is is bad will on the balance sheets. can you own this stuff? chris: we can if it gets cheaper enough. viacom is a value trap. tom: do you agree? paul: until they show some growth. chris: it is all about content. they do not have the good stuff. the biggest thing they can do is get out of their failed marriage. watching three episodes of i love lucy is not going to get it done? chris: 50 years ago but not anymore. chris grisanti telling me how old i am an paul sweeney. we will hear much more on mr. moonves. bloomberg radio, your morning brief coast to coast. stay with us. this is "bloomberg." ♪ tom: the view from the .urveillance let's see if we can get the wiper going. ugly rain. the first sign of autumn. mr. erdogan scheduled t

. >> reporter: verizon announcing that tim armstrong is leaving as ceo of oath.been running verizon's advertising businesses, which are together called oath he's leaving effective october 1st. he'll remain an advisor during the transition as the president and coo of oath. he's going to continue on as an advisor through the end of 2018. this is very much a big deal for armstrong, who is a very prominent personality in the advertising world. he joined aol in 2009. was part of the sale to verizon. he's been coo since 2017 really leading all of verizon's digital media efforts. there's been a lot of speculation since verizon got a new ceo, that there was going to be a shift away from the advertising and content that armstrong has been so focused on not really a surprise here an interesting transition here for verizon. back over to you. >> thank you very much >>> so let's get back to the markets. trade, where do we go from here? we are so pleased to be joined by investing legend -- he loves that title -- jack bogle who is a mentor to a whole generation of wall street t

well, verizon is preplacing its media and advertising chief, you know him tim armstrong, the coo of verizonto assume the role, armstrong is the former coo of aol and was overseeing ad business but is least profitable division right now. now to tesla, losing another top executive, justin, the company's vice president of worldwide finance and operations stepping down, taking cfo role at another company, departure just days after chief accounting officer quit with less than one month out of job, head of hr also quit. elon musk to respond more quickly, he said a new priority, some model 3 buyer are frustrated, tesla shares are lower ahead of opening bell down more than a quarter% right now. hawthorne california city council has given approval to conduct cars to hyperloop. the company recently bought a private home next to 1 mile tunnel already built, near spacex campus, the garage is a home that would connect to the tunnel, musk tweeted about this, boring company will transport company all the way to garage, only 10 cents a brick, bricks will be free if used for affordable housing projects, no

that narrative kind of got pushed forward when we heard that tim armstrong was leaving oath is that fairhat team has done a tremendous job to put together we have been buying a lot of assets and of course this has not come together the platform he has put together is no remedy for launch. and we have our different channels that have stood up. it's a natural transition. >> can i ask a related question? why not keep the ad platform if really this is a tech and distribution company effectively, keep the ad tech platform, do the deployment of 5g but on the content side, effectively spin that off or do something with it. because we had all these conversations, you decided the content is not the focus >> there is so many other content that is in interest of us of course that's sports, finance, entertainment we think that type of things is fitting us well. but linear tv is nothing so i think we need to be a little bit better explained when we talk about content. there are many other content will be super important for 5g and our customers in the future. some we might create ourself some of cour

tim muffett grabbed his satchel, ran for the bus, and went back to school with some of its former stars. back to school... with todd khatib, a.k.a. tuckerjenkins. i still get to this day, tucker! george armstrongpact would be. we didn‘t realise that, you know, nine, ten, 11 million children and parents would be watching it. let's see what mrs mccluskey has to say about this shall we? we had dyslexia, bullying, racism, smoking. that's what made it something that people suddenly went, what's going on? yeah. what is this and should we be showing it to kids? to mark its a0th birthday, fans have been gathering for grange hill get—togethers. a chance to raise money for the good grief trust, a bereavement charity created by linda. queueing up around the block. they came laden with their memorabilia they have kept for yea rs. memorabilia they have kept for years. grange hill ran for 30 years, often grabbing the headlines. zammo‘s heroin addiction perhaps its most controversial storyline. the grittiness of grange hill added to the shows like eastenders, because it was groundbreaking for that, brooksides wouldn‘t have happened, coronation street wouldn‘t have got the storylines. .. so coronation street