time warner was the content. no conflict there. steve bannon, now out the door or going to be, didn't like cnn. and, of course, time warner was the parent company of cnn. now, it looks like this may go through. at&t and time warner entering an advanced phase of the $85 billion merger but does it all hinge still on cnn? ashley webster with who might be lining up to buy cnn if it is on the chopping block. wasn't it steve bannon who didn't like this thing because it competed with breitbart and attacked the president on occasion? >> reporter: absolutely, a long laundry list where bannon didn't like cnn and opposed to the merger between at&t and time warner. bannon is gone now, from what we understand, this merger is in advanced talk. maybe part of the concession to the antitrust folks is that time warner spins off cnn. so as you say, who will be interested in cnn? i don't mean that sarcastically, who would be interested in cnn? who would be interested in cnn? cbs, long rumored that cbs would be very interested in the cable news channel

they own time warner cable, and warner music, and time inc., - all those magazines, right? and turner, and cnn, and so forth, and digital music, for example, should have been led by that company. they owned aol, they owned warner music, owned time warner cable, not led by apple, that was launched later. so it was missed opportunity by not working together, as one company. - yep. - and then second with aol, it was all first and foremost about community. we used to say that the killer app of the internet, is people. and some of that focus on people, has been lost over the last decade. they shipped it to more of a focus on content, versus the focus on community. so the two lessons are with a combined company, even though it's hard when you have that scale, play offense, lead into the future, hopefully this book will be helpful for bug companies trying to think about the future, - yep. - instead of ignoring the future, or just hoping the future won't happen, they embrace it and figure out a way to partner with the entrepreneurs, and the other is recognizing that the core of the

telecoms and time warner owns warner brothers h.b.o. c.n.n. just to name a few and a sticking point to remember eighty also holds a ninety three percent stake in sky brazil after it took over a direct t.v. in brazil that could run afoul of a law prohibiting pay t.v. providers from owning programming content sixteen countries have so far offered regulatory approval for this merger to lay brazil at the u.s. are still holding on that reports have surfaced of the department of justice calling into question what this possible merger could mean for negotiations over access to customer data which telecoms routinely sell to one another. last week minutes of the fed's july meetings were released and we all learned that the fed itself isn't sure on how and when to raise rates one side is worried about our current low inflation environment while the other half is worried about what happens if they continue to delay joining me to discuss gerald slanty founder of the trends research institute thanks for joining me on this now which do you think we s

government review of at&t, time warner deal reaches advanced stages.sident is critical of the merger. both stocks trading down as well? to much worse. help stop the journey of gum disease. try parodontax toothpaste. ♪ track your pack. set a curfew, or two. make dinner-time device free. [ music stops ] [ music plays again ] a smarter way to wifi is awesome. introducing xfinity xfi. amazing speed, coverage and control. change the way you wifi. xfinity. the future of awesome. trish: steve bannon is out at the white house. that leaves a lot of questions in the business community about things like well, at&t's pending 85 billion-dollar merger with the time warner company, which is expected to be finalized soon. "wall street journal" reporting that the government's review of the deal is in advanced stage. this is despite president trump's previous objections which steve bannon echoed as well. ashley webster is here. >> does this remove a major roadblock? maybe. steve bannon was not a fan of this deal, at&t and time warner but neither was candidate donald tru

this deal would give at&t and time warner immense amount of power. rival media companies say too much power. time warner could favor in-house programing and leave them out in the cold. however, at&t saying, listen this is whole new media landscape. we need to be stronger to compete with tech titans, googles, amazons spending billions on their own content. we understand yes, that antitrust decision may be chose to giving a green light. the question under what conditions? a lot of speculation time warner will have to sell off some assets and spin off perhaps cnn, which raises all sorts of questions. how much would cnn be valued at. one analyst says 10 billion. others say it is too small amount. it could go for more. who would buy cnn? cbs is interested. les moonves was at sun valley last man, saying yeah, i'm interested in cnn we're getting ahead of ourselves. bottom line, opposition from president trump when he was candidate trump, steve bannon, all that said, appears under certain conditions, this deal, $85 billion could get some sort of a green ligh

and cnn under time warner, we know what mr.mp thinks of cnn. this deal is moving along and at&t hopes the department of justice will issue report at the end of the next month and saying these are the conditions we would like to see fulfill in order for this to go through. it appears according to the journal that mr. trump has yet to put up a road block, we shall see. stuart: maybe one of the stipulations is that they sell off cnn. i don't know that for a fact. >> that's the rumor. stuart: if that were the case i would be interested what price cnn attaches to it. where are we? we are actually -- market is coming down a little bit more. please remember we were down 1.2% yesterday, that would be 274 points. we are going to open down a little bit today, stay was, please. that market opens very shortly. we will take you there for the opening bell. it's a big deal. today, we're out here with some big news about type 2 diabetes. you have type 2 diabetes, right? yes. so let me ask you this... how does diabetes affect your heart? it doe

at&t says the merger with time warner will allow them to compete.e department of justice will do. one little point on all of this, the antitrust division of the justice department doesn't have a head right now. has yet to be appointed. so that doesn't help either. but i think we'll know towards the end of the next month whether the deal is approved or not. gerri: ashley webster, thank you for that report. >> reporter: my pleasure. gerri: bannon is out of the white house, could the legislative win lead to more records? why that would happen sooner than you think. after this. don't let dust and allergens get between you and life's beautiful moments. flonase outperforms the #1 non-drowsy allergy pill. it helps block 6 key inflammatory substances that cause symptoms. pills block one and 6 is greater than 1. flonase changes everything. cameras. introducing the newly redesigned gla suv. at a price that'll make you feel like you've gotten away with something. the 2018 gla. lease the gla250 for $359 a month at your local mercedes-benz dealer. mercedes-benz.

oil and gas company by those low oil prices we've seen so much jobs and the massive eighteen tee time warner deal advances under regulatory review some fear a monopoly but lawyers are pushing forward we take a look at what could happen to eighteen t.'s user data as part of this agreement by right now. i. find out how they got some fast growing auto manufacturers and now one company is in talks to bid for fia chrysler's jeep unit great wall motors admits it is in an ambitious new step talks on to the global stage and what it would place great wall at second position in the chinese auto manufacturing industry if it did snap it up the great wall sold just fewer than one point one million s.u.v.s last year behind jeeps one point four million says jeep is on the chopping block as its ability to compete globally requires a tie up to a bigger partner due to the high cost of developing and marketing vehicles this is right in line with great walls goal of becoming the top specialty s.u.v. . producer by two thousand and twenty now chinese companies in industries from autos to robots are spending billi

nicole petallides on floor of new york stock exchange. >> what do you think about that vocal on time warnerrites looks like moving forward. >> i am glad he backed off it they are bigger fish to fry the important thing about merges they are done for defense reasons especially in media telecom defense emergence they have exorcise breaking down neck, netflix yesterday reporting seven-billion-dollar investment in content moving forward, these are people disrupting the time warner, this move is not a problem for s consumers not leading to consolidation in market there is a disaggregation in media these sort of things should not be blocking on the ground if going to -- >>. >> how about apple-billion-dollar in entertainment content a threat you haven't even begun to see fruit from that content development. >> we're not talking -- dagen: that could be if apple those a bit of cash i said apple should buy netflix if apple throws a good a chunk that have cash at content development, they can wipe the floor with netflix. >> there is amazon. >> right. >> amazon has. >> very good content. >> all investin

comcast tried to buy time warner and blocked by the obama administration and charter bought time warnerpersonal afterwards, different justice department and maybe they don't have much overlapping territory so maybe historical -- maria: do you expect at&t-time warner to go through? >> there is -- i mean, jobs in this country, there would be job cuts as a result of this. companies are concerned about the kind of power that it would give at&t when you own content and distribution, given the changing landscape, it's hard to predict where all of this is going. >> isn't the sense of this administration even more antitrust than the previous? >> i don't think so. maria: initially he was saying amazon is too big, at&t was too big, time warner together. he's definitely said things like that but not his department of justice but donald trump has said things like that. dagen: about his enemies. maria: i don't know. dagen: jeff bezos is amazon. you to read between the lines. maria: fair point. >> all eyes in the business world because are they going to let it through on traditional trust grounds or

is looking at a very important and critical merger between time warner and a t.n.t. we're talking eighty five billion and that the same time c.n.n. and actually time warner they have to satisfy the trump justice department that there's nothing for this merger so they're in a real precarious situation they've got to both satisfy the bottom line you know b.p. can sort of speak but not too much but i concur one hundred percent were it not for trouble lot of these people would frankly have gone away gone by the wayside now when it comes to the audience can you speak to value when it comes to you know what trumps ads on television and when he's always that approaching c.n.n. and other news organizations calling them fake news out of this in fact the audience the audience loves this this is a true rally i know it's hard to find a you know an antecedent and in that world of history a harry truman or somebody. the new york times sucks i mean the language is a bit crude but you know actually these are different times this president one of the i like every night came along thes

iphone 7 plus it's not just time warner. know that more than 30 million americans are playing video games all the time a drop in the worldwide bucket stocks fly up more than ten points, 13%. on this beautiful conference call, is apple gave an interesting shout-out to ten cent, which is the chinese video game hub meaningful what else? people shop on amazon with their handheld in a way that's easy and shows them the products they want in perfect resolution they watch 1.2 billion hours per week of netflix. they watch an undocumented amount of programs on amazon so let's put it all together the way people spend time has radically and tech tonically shifted towards self-created video, video games, and internet programming all watched on a device of apple size that's the commonality of f.a.n.g., my extended acronym for facebook, amazon, netflix, google, and alphabet make no mistake about it, we have to accentuate and elongate the "a" when we say f.a.n.g. it's a simple thesis you create memories to watch thesis to create videos bes

post a time warner merger.our own charlie gasparino way ahead of this back in january. watch. >> you may see what bankers are saying is a potential spin-off of cnn to make this deal go by. that there is a lot of talk about that and there will be buyers. we shall point out that cbs in the past has expressed some interest in buying cnn, if that became an issue with other potential deals. connell: here to talk more about that. charlie gasparino. do you ever get weird talking about yourself on tv? >> when i see myself sweat, yes. [laughter] connell: i was going to say. you're not the only one. is it going to happen? what's the latest on this? >> i don't know. and here's why. there are clearly people in the trump administration, people like steve bannon, child support to either kill this deal or put on -- you know, steve bannon is his adviser and who has been very critical of cnn's coverage internally, as has the president who wants as a condition of this merger. you don't want to kill the merger. they claim too muc

we had outlooks moved down from time warner, sinclair drug test. the numbers will be important.ooking at the financial analysis page. what i want to call your attention to is the advertising. i will shut the advertising on a quarterly basis. if you look at the trend, this is the fourth quarter, you can see that is continually coming down. it is not so hot. this will obviously be very important. we what's the people that are willing to subscribe, people that are obviously not going toward the overall trend which is moving away from traditional cable, there is so much competition out there. i know they are monetizing this across a number of different platforms. they crossed that one billion mark. what are we looking at, that was a year early. they are looking at entertainment. this will be a big part of it. local broadcasting is a big part. all those local channels and local programming will be locked into that. this is a stock that the street is pretty bullish on. >> it will be fraught. two years ago, disney had one that subscriber thing that espn was waving. oliver: we did see a

the quarter, but investors will be looking for details on at&t‘s purchase of time warner.etails about wall street. joining us is alex dryden, global market strategist, jp morgan asset management. welcome to business live. a new face on the programme. so let's stay in america because yesterday, as sally mentioned, the dow did particularly well and it was banking stocks that rose pretty sharply. why? well, there is a couple of factors driving it. good global growth has been helpful for banks in the it. good global growth has been helpfulfor banks in the us it. good global growth has been helpful for banks in the us and outside of the us, but also deregulation and the talk of potentially rolling back some of the regulation that was implemented after the financial crisis which has eaten into some of the profits for the banks, the potentialfor that. we are still talking about talk. we are not seeing much action when it comes to financial regulation, but also other elements in the us economy? yes, there was a lot of hype at the end of 2016 about the potential of fiscal stimulus.

david: time warner. why is this time different? >> i think a couple of things.t team of this company is really important to note. we now have an adequately diverse team across all leading with track records. the management teams have largely been from the publishing sector. that is really important as we build revenues in the new spaces i talked about. years, we havest a whole new energy, and hold new culture that we are infusing at the company, meaning we are really focused on building new revenue streams beyond the additional revenue we have had at this company. see us do and you this aggressively, is leveraging our direct consumer relationships. we have 30 million active print subscribers and another 100 million on our file. we have millions that come through our sites every day. as you know, a lot of companies in this space, they do not have any data on their customers. they have new -- no idea who they are or where they live or how old they are. timeet: that is the ceo of on bloomberg earlier. president trump has exchanged private messages with special coun

>> the traditional guys, disney, fox, time warner, viacom, they are intrigued by this.ked me to explain it today. netflix has never bought anything before. , this seems like an outlier. it doesn't mean they will be buying a bunch of libraries but it opens the door to that possibility. it reinforces that netflix wants to be ready for a world where no one is going to license them. we have seen these companies retrench and revise their strategy because they felt like they were giving valuable idea way to let netflix build its service. as for the new players, we report on companies like apple and facebook and google but we have really reached a point where in terms of media creation and production and ownership development, netflix and amazon are on another plane. asy are making as much tv the biggest media companies out there. they are streaming over the world. apple and facebook are still dipping their toes. its firstu just had hit, the handmaid's tale. being far ahead meaning no one else stands a chance? >> the content creation business is tough. there is history about h

apparently time warner cautioned forecasts that wait on those shares.he nasdaq finishing flat, but a lot happening beneath the surface. emily: apple allowing with a high today. we spoke with tim cook yesterday . he was optimistic. what impact did this have? much.bably not so that apple quarter was tremendous, especially in terms of the outlook allaying fears the macbook. the revenue numbers suggested pretty much everything is going just fine. you would think that would maybe give a boost to facebook, .mazon, alphabet, and netflix instead those stocks finished and some ofat, the money going into apple could have come from those tech names. interestingly, apple is now better than amazon. if we hop into the bloomberg terminal and take a look, this is the year to date chart. bottom of the s&p 500 up 10%. up top in yellow and white, facebook and netflix up 45%. in grain, apple overtaking amazon in blue. apple is now trying to take out netflix and facebook. time will tell. emily: abigail doolittle, thanks for that update. what's in store for the tech industry

time warner cable.s would just be, let's do the playbook again. ltice being the buyer. softbank is also looking at charter. softbank has not decided whether or not it will actually bid on charter. .ame for altice they have hired banks and lawyers to contemplate the idea of biting charter rather than allow it theoretically to go to softbank. there is an outstanding question whether one verizon will get into this. remember, verizon looked at charter back in january. at that point, they decided, you know, we do not think this is the right fit. whether or not they come back to charter still an open question. patrick is in this game. he is one of these cable cowboys, isn't he? alex: john malone, the original cable cowboy, or what he is known as, is the largest shareholder in charter at 35%. any deal for charter would have to get john malone's blessing. he controls three board members on charter's board. he would have to be game for this idea for selling charter at all. we know they were hesitant on doing a d

mondelez and time warner report before the opening bell.fter the close, aig and tesla will be the big one. >> that's a big one for sure >>> up next, a china trade crackdown? the aggressive measures the trump administration is reportedly planning to take against one of our biggest trading partners we're live in beijing with that story. >>> check out what's happening with the futures we are seeing positivity, if you will 46 points for the dow. nasdaq up by 0.75% apple a big part of that story "worldwide exchange" will be right back adership is instincti. they're experts in things you haven't heard of - researchers of technologies that one day, you will. some call them the best of the best. some call them veterans. we call them our team. [car tires screech] [bell rings] >>> welcome back to "worldwide exchange." if you're just waking up or heading into work, we are seeing a lot of green on the board for the u.s. markets u.s. equity futures up by 0.25% for the dow jones. the nasdaq up by 0.75% apple a big part of that story as far as for the oil

lea: news of ongoing renew of at&t-time warner deal. lauren: good to see you tracee.: more progress here. regulatory review of takeover of time warner has reportedly reached an advanced stage. at&t lawyers are discussing merger conditions with the justice department according to wall street journal. this is a significant milestone in the deal that was closely watched for signs of how the trump administration would view large mergers, you'll remember during presidential campaign trump was critical, he said, this is quote, a deal we would not approve in my administration because it's too much concentration of power in the hands of too few but he has not talked publicly about the transaction recently. we will keep an eye on that. lea: people do want to his impact. so let's talk about uber, though, because there's good news for uber today concerning a lawsuit. tracee: finally a victory for uber in an effort to keep unhappy customers from suing in court. uber lawyers were able to persuade a federal appeals court to send price-fixing case to arbitration, uber didn't properl

we'll see the conclusion of the at&t time warner merger and then how they leverage over the networks can be a catalyst for more content merger consideration which i think would be, put a bed underneath many names in the group. >> and finally of course we didn't mention fox it's funny, you add fox's market cap to that of cbs, two names reporting this week. the market value of netflix which i think said it all in some ways doesn't it >> it does it says valuation doesn't matter netflix has gone straight up viacom has gone straight down. it's a super cheap stock and netflix is super expensive it's the secular trends that matter and not evaluation. >> any concerns when it comes to fox? >> fox is largely driven by sentiment around the sky merger that's delayed a little bit. if you want fox you're very excited about india where they're doing well you're a little bit concerned about the add trends here in the u.s., exports. >> all right we'll leave it there thank you. >> great, thank you. >> when we come back the battle over the budget and taxes. will disagreement over spending actually caus

another deal is the tie-up between time warner and at&t.emember president trump suggesting there would be further scrutiny on this deal because of time warner's ownership of cnn. and the soaring value of bit coin we're covering here is now up to $74 billion market value wise, up $30 billion just this month. >> wow. thanks so much. >> the navy is takings did plinry action againplin -- disciplinary action against the commander and leadership of the ""uss fitzgerald" destroyer that left seven people dead. >> coming up next on "morning joe," officials arrested a third suspect in the van attack. >> and now republican senator bob corker is raising questions about the president's stability and competence. plus the senator's only black republican weighs in. >>> welcome back, everybody. before we toss it back to "morning joe," let get a look at the stories you'll hear ahead. >> the president will huddle with his national security team over their strategy for south asia, including how to deal with the ongoing threat of a nuclearized north korea. >> a

time warner and sinclair broadcasting made comments in their earnings report that indicated that the tv ad sales are relatively weak. time warner's comments were mitigated by the fact that wonder woman did very well at the box office. sinclair is down and we have seen other media stocks take a hit today. disney is one of the drags on the dow during the session. ,witching to a different kind movie theaters. amc entertainment which is china, the stock down the most on record to the lowest on record after the company came out with its forecast for the remainder of the year for sales letter below estimates. there's concern about box office returns in the summer. there's concern about what the rest of the year is going to other movier the gator chains as well. we've got a cineplex here as well that also came up with earnings that disappointed today. going to the movies. instead they are staying at home and watching netflix or amazon or hbo. maybe they're just outside. the weather has been so great. scarlet: may be. julia: let's bring you up to speed on today's top stories with mark crumpt

so that is options traders making bullish best that time warner could be above 106 by october expirationall right check out options action tomorrow evening 5:30 p.m. eastern. still ahead, did tim's pitch for home depot make you wouldn't buy the stock? head to twitter and vote we'll reveal that answer right after this break when this bell rings... ...it starts a chain reaction... ...that's heard throughout the connected business world. at&t network security helps protect business, from the largest financial markets to the smallest transactions, by sensing cyber-attacks in near real time and automatically deploying countermeasures. keeping the world of business connected and protected. that's the power of and. hey ron! they're finally taking down that schwab billboard. oh, not so fast, carl. ♪ oh no. schwab, again? index investing for that low? that's three times less than fidelity... ...and four times less than vanguard. what's next, no minimums? ...no minimums. schwab has lowered the cost of investing again. introducing the lowest cost index funds in the industry with no minimums. i bet

i think time warner, at&t situation while it's you know, not it's wireless in content, i think to andy'ss going to be a lot of different combinations and i don't know if we're playing a game of you know, musical chairs, how t mobile and sprint don't have a chair at the end of it so to me, t mobile sold off 15% from the recent highs last month. i think that stock gets bought every time it sells off like that like andy said, they're going to have a share >> what could the deal be and at what level an we just got to that what's interesting is that a verizon, certainly an at&t, their multiples are going higher they're being traded as if these guys have acquired more higher multiple business and have a more profitable business model while their core business becomes more competitive >> you're buying sprint because of everything we talked about. net adds 61,000. 330 net ads. valuations don't make a lot of sense. to your point, one name we didn't bring up and is is cheap, viacom, it's roughly half the valuation. it doesn't shouldn't be the same valuation, but it shouldn't be half >> all right,

that is true because dollars made by me logic past time warner was a big rewards people like me are not going to work. fifteen to twenty hours a day in order to get rich. in graduate school my doctoral years i was told psychologists science is ten years into practicing on average for making one hundred thousand dollars a year and i was like that sounds awful. now it's like kind of like my sentence to be like the top one percent. i'm not in the top one percent in terms of the world it's maybe in just psychology world. i choose this i choose to drive i could take a train wreck plane to the city i just feel like that's one extra time that i get sick being in an enclosed area without stooping you know that in the public it's like i don't i can't afford to be sick at this point but every day counts while trying to see if. i never need to leave the building other than to get lunch which i pray to do every once in a while they get to sit alone at a kalar at a diner across the street and that to me reading the new york post is haven't. taken away the. land they signed. and doesn't even in to de

that is true because dollars made by roger castle time warner was out big rewards people like me are not going to work fifteen to twenty hours a day in order to get rich. in graduate school my doctoral years i was told psychologists five six ten years into practicing on average for making one hundred thousand dollars a year and i was like that sounds awful. now it's like kind of like my sense of being like the top one percent. i'm not in the top one percent in terms of the worlds. it's maybe in just psychology world. i choose this i choose to drive i could take a train wreck into the city i just feel like that's one extra time that i get sick of being in an enclosed area with a strange you know that in the public it's like i don't i can't afford to be sick at this point but every day counts while trying to see if. i never need to leave the building other than to get lunch which i pray to do every once in a while they get to sit alone at a kalar at a diner across the street and that to me reading the new york post is haven't. taken away the. mandate johnson signed. and doesn't even in

. >> if it -- that's still just about half of what time warner's hbo spends annually. now amazon reportedly spends about 4.5 billion, and netflix will spend $6 billion this year. >> this position of sorting starting later in the game is not unusual for apple. now, whether they will be ultimately successful or not remains to be seen. they certainly are the war chest to win. i mean, they are more cash than anyone else, and they generate more cash flow than anyone else. >> apple will not want to jeopardizes its relation ships. apple earns 30% of subscriptions through the app store for the first year after which its take is 15%. one advantage apple has as had becomes a frenemy, it could reached 155 countries. i'm julia boornsen in los angeles. >>> that's it for "nightly business report." >>> thanks from me as well. we hope you have a great evening. seal see you tomorrow. fineness. this is a bbc world news america. funding of this presentation is made possible by. the freemen foundation. and coal fuller foundation pursuing solutions for america's neglected me. planning a va

maria: we have time warner and at&t in the horizon, perhaps closing this year.s in the horizon, holes that you see that you are going to continue creating more scale at discovery or you think the time warner-at&t deal is a catalyst for even further deals in the business? >> i hope that randal's deal was a catalyst for this. bigger is more important but not just for big bigger. the reason we bought scripps is we bought ip company. just to get bigger, we don't have any chance that are broad and general interest. we think future is people that are love with brands and show. that's something that you do better than anyone else, ken. >> if you have home category, travel category, again, globally what we have been able to find, maria, that the people are obsessive about home in the states are the same in countries around the world. the connection that we can find. hgtv has been the number one cable network for upscaled educated women. that's gold. those are the decision makers, that's an exciting element of what we see in the future. maria: congratulations to you both

i would like to see a free and open internet, where the comcasts, the time warners of the world are not allowed to restrict what websites we can reach, what information we can premiums ort paying anything, really. an internet that i grew up with that i started with . dyone can start with an mature, and they can develop a maturedsame way i have and, you know, grown and put in the work. host: ok. thanks for calling. thanks to everybody who called. we are out of time. we have a live event we will bring you. we will see you tomorrow here at 7:00 for more "washington journal." the religious freedom center museum is holding a panel discussion called effectively countering extremism, a copperheads of grassroots report. a series of panelists. three separate sections to this event. we will show it all to you live on c-span. >> for those of us who are joining from c-span and from abc news.com, we want to welcome you cnews.com, we want to welcome you. at 10 a.m., the first panel, and then 1:00 and 2:30. you can do so by following us on twitter. #rfcmuseum. we look forward to hearing from

have been adding a range of exclusive shows with partners across the traditional media space from time warner to news to vice. facebook and snap are going up against the largest of the video giants, youtube, which has been investing in original content. also its brand and tv subscription services. it's a crowded space. but netflix doubling down on original content to draw subscribers and even apple just this week launching its second video show. car pool karaoke. >> you want to have the best content. that's why netflix has to continue to double down and why it continues to spend more and more. there's always been more of the questions for apple. b on file.t they haven't figured out a way to tap in to that original cont t players, but ad and subscription driven as the key way to dif wrennuate their services, to draw new users and keep them hooked. facebook's watch tab will start rolling out to u.s. users starting today. for "nightly business report", i'm julia boorstin in venice, california. >> and snap's user growth fails to impress. thatbe tonight's marketfocus. the social media company best

oil and gas company so by those low oil prices we've seen so much job and a massive eighteen tee time warner deal advances under regulatory review some fear the monopoly lawyers are pushing forward we take a look at what could happen to eighteen t.'s user data as part of this agreement stand by right now.

between the united states and mexico adding to it is his statement about scrapping now also the time warnerega merger faces pushback in brazil we've got details on that also it's been a wild a year for airlines from talk of privatizing air traffic control to major airline customer service problems how is the industry holding up and what changes could.