. >> interestingly you recall that viacom, it's the middle of page 46. where viacom express newspapers intruded on their privacy. >> as i say, an irony lost on all but her and her husband. >> i'm sure this is an example of genuine amnesia but i'm not suggesting for one moment that -- i do mention that. paragraph 26, please. >> 26? >> 26 now. >> are you moving away from proprietors? >> i'm moving to the more general but not dealing with proprietors in particular. >> let me just ask you the question about them. there's obviously much more contact with them, proprietors and soonier minister and people such as yourself than there would be for other interest groups. is there a risk do you think that that access can indeed work the other way so that therefore there is a risk, which has to be guarded against. i'm not saying it can't be guarded against, that their particular interests and that could be commercial or personal, by which i mean the paper, or it could be that which they are campaigning, achieved a greater prominence than would be perceived by somebo

but could that soak viacom investors? and it's a bird, it's a plane. no. it's -- we're going to tell you who/what is soaring in the skies of rio as we leave you with a little john denver. this is $100,000. we asked total strangers to watch it for us. thank you so much, i appreciate it, i'll be right back. they didn't take a dime. how much in fees does your bank take to watch your money ? if your bank takes more money than a stranger, you need an ally. ally bank. no nonsense. just people sense. with rent2buy from hertz car sales, you skip the lots... and pushy sales people... it's a fast, easy way to buy a used car. three days to try. zero pressure to buy. it's just another way you'll be traveling at the speed of hertz. like in a special ops mission? you'd spot movement, gather intelligence with minimal collateral damage. but rather than neutralizing enemies in their sleep, you'd be targeting stocks to trade. well, that's what trade architect's heat maps do. they make you a trading assassin. trade architect. td ameritrade's empowering, web-based trading pla

but viacom is hanging in there.von products, you saw mary thompson at the top of our show, holding their annual meeting. that stock down again another .5%. below $20 a share. that bid from cody, looking a bit better at $23.25 when you have a stock below $20. bears some watching. as we know, andrea young, taking heat in that meeting today. >> zillow, the real estate website operator has been able to raise prices that it charges realtors. that's good news. we're going to talk to the ceo of zillow in your 10:00 a.m. hour. >> and visa's stock is down just slightly right now. it did hit a 52-week high very recently. had earnings out yesterday. the earnings looked good and actually raised their forecast for the second quarter. but on the conference call, they revealed the department of justice is launching an inquiry into debit card pricing in terms of the fees. mastercard and visa under a little bit of pressure this morning even though they both posted better-than-expected earnings and are both close to 52-week highs, pu

. >> on behalf of the viacom network and all the subsidiaries, i would like to apologise to the people of florida and my viewers because i have been informed it is against network policy to attempt to flush black people out of the woods using torches. (cheers and applause) all right, what began as a rivally has grown into respect. and i invite to you come on my show to receive the colbert bump. or perhaps this time it shall be i who receives the josu jump. we'll be right back. >> stephen: thanks very much. welcome back, everybody. nation, last week the space shuttle enterprise took a last fly over new york city, bolted to the top of a 747. it was the only way to avoid the $25 baggage fee. (laughter) well, with the space shuttle fleet now retired there's only one eye kochb american space travel left on active duty, me. (laughter) today, who is honoring me now. tonight, folks i'm being honored by the national space society. the nss is dedicated to the creation of a space faring civilization. i'm a big supporter of space faring but not space fare which is welfare for aliens. get a job, zo

. >> on behalf of the viacom network and all the subsidiaries, i would like to apologise to the people of florida and my viewers because i have been informed it is against network policy to attempt to flush black people out of the woods using torches. (cheers and applause) all right, what began as a rivally has grown into respect. and i invite to you come on my show to receive the colbert bump. or perhaps this time it shall be i who receives the josu jump. we'll be right back. [ male announcer ] zero calories, maximum pepsi taste. ♪ sorry i've yelled at you all these years. ♪ cc, glad you made it. [ man ] good shot. oh! what is this place? iowa, only with maximum pepsi taste and zero calories. whoa! i love it when he does that. [ male announcer ] wanna play ball with some of mlb's biggest legends? learn how at mlb.com/pepsimax. >> stephen: thanks very much. welcome back, everybody. nation, last week the space shuttle enterprise took a last fly over new york city, bolted to the top of a 747. it was the only way to avoid the $25 baggage fee. (laughter) well, with the space shuttle fleet

. >> on behalf of the viacom network and all the subsidiaries, i would like to apologise to the people of florida and my viewers because i have been informed it is against network policy to attempt to flush black people out of the woods using torches. (cheers and applause) all right, what began as a rivally has grown into respect. and i invite to you come on my show to receive the colbert bump. or perhaps this time it shall be i who receives the josu jump. we'll be right back. new taurus w people away... starting with the guys who built it. i haven't driven it yet. i'm going to try take it easy and warm up slowly. hi. do you get car sick or anything? no, is that a challenge? no, no. so with the 2013 taurus i can pretty much voice command anything. pretty much. you're going to be able to change your radio station, make a phone call. all that you can do with just the sound of your voice. all of it? all of it. never have to take your hands off the wheel. never have to take your hands off the wheel... which is good when you're driving. ha ha ha. >> stephen: thanks very much. welcome back,

a year later, viacom tried to buy it for $55 million. and 2007, yahoo offered $1 billion. today's valuation values it at 100 times that figure, more than amazon and disney. last time a technology share offering generated this much excitement was google and 2004. how they stack up? >> a lot of people will say facebook will be bigger than google, but facebook right now is one-tenth the side of google -- the size of google. google is growing faster at this stage of the company then facebook is. i don't think that is a safe assumption to make. >> facebook's share prices ended thursday much where it started, $38, who knows where it will go from here. >>> this is "bbc world news." you have part of the chinese economic boom, but the country's population is aging faster than any other nation. that may put the brakes on it. >>> in the u.k., the police in northern ireland have charged five men with part of a pro- active investigation into dissident republican activity. it's been charged with a range of terrorism offenses, including conspiracy to murder and cause an explosion. it wil

facebook was lost in february of 2004, a year later, viacom, tried to buy it for $75 million. in 2006, yahoo! offered a billion dollars. today, it is a valued at 100 times that figure. that is more than amazon and disney. the last time a share offering crated this side was google in 2004. how do the two stack up? squads a lot of the bulls will say this -- >> a lot of the bulls will say this will be bigger than google but right now they are 1/10 the size of google. google has more cash flow. google is growing faster. i don't think that this is a safe assumption to make. >> facebook share price ended the trading much where it started, are around $38. who knows where it will go from here. >> what will happen in afghanistan after the departure of foreign troops? that is the main question facing nato leaders as they prepare to meet in chicago over the weekend. a possible answer might be found where afghan forces are in charge of security. our reporter reported from the region back in the days when it was controlled by the taliban, he reflects on its future. >> a moment of calm on a

gm and viacom reporting earnings. gm coming out a few moments ago looking at the beat and what was expected on wall street. meantime, retailers reporting april sales today. sales expected to slow mostly due to easter falling earlier this year, which pushed a lot of the holiday sales into march. some stores may try to blame the weather with colder temperatures covering much of the country last month versus mild weather in march. and finally, spirit airlines raising fees again. stouing a bag in the overhead bin may soon cost $100. more than for the flight themselves on spirit. spirit charging $45 for a carry-on bag. but as of november, people who wait to pay the fee until they reach their gate, they're going to have to fork over a c-note. the fee going up from $40 to $50. and if you check those bags in online, it'll be $5. anything you can fit under your seat, that's free. spirit is one of the two airlines that charges for carry-on bags. back to you. >> that's comforting. still free under the seats, wouldn't you say? >>

he diggs closed a stake in general motors and viacom and increased its hoelgds in wall mark.ery scandal broke. >>> a new warning from goldman sachs. the gdp could shrink wi as much as 4% in 2013 if the government does not address the so-called fiscal cliff. that refers to the $600 billion in tax breaks including the tax cuts and unemployment benefits at the end of the year. joining us as guest host for the next hour is horace owe va lars. do you think that berkshire has made some bets that, you know, you would want to follow?io va . do you think that berkshire has made some bets that, you know, you would want to follow?leiras. do you think that berkshire has made some bets that, you know, you would want to follow? >> our time frame is about a year. to think in his terms is something that we don't normally do, but we always pay attention to what he's doing or what they're doing. it's always interesting. what will be more interesting is how and if the company changes as they transition to a new management over the next few years. >> horacio, let's talk about this fiscal cliff i

time-warner and comcast and then viacom will report results on thursday. >>> news corp., as the aim is at james murdoch. owning all of these stocks through its various funds. >> larry, let me start with you. they say rupert murdoch is not fit to run a media business. do you think he is? >> we're investors in the stock and since this hacking scandal has broken out, the stock has gone up and i think the market has it right here. the message is very simple. six times cash flow. rupert's acquisition activity has been a consolation prize that the company has been very aggressively buying its stock. it has enormous potential to do more of it. it is buying it at six times cash flow. a 16% return with negative 6% cost of debt. i think from the post of stock business. >> martin, we heard big numbers from cbs. that stock is higher. do you like that stock and what are the expectations this week? >> as you look at the group, i like cbs and time warner, the best out of the media group for fundamental reasons. and autos are 10 to 15% of cbs's advertising. the ratings are still the best. all ratings

berkshire hathaway with general motors and viacom and wal-mart and wells fargo, lowering intel and craft as well as dollar general. we have the breaking news and more on the holdings. brian? >> they don't move a lot. we don't get big swings, but they revealed a new position. a little more optimistic on american iron. that sucks coming down off the ipo price. what's more interesting is that buffett has that exemption and what we have got in the filing is essentially a confidentiality notice. we don't know what that means, but some of the folks here like our own alex who has been following buffett for years said generally that means that buffett is accumulating a stake in something and didn't want people to know. he has the special exemption. there was a little bit of a hint and a mystery machine going on that buffett might be buying something up and i leave it to you and your crack team to go through all stocks right now and figure out what that is. >> we are doing that. we did that. that's very 90 seconds ago. in terms of general motors, would you follow buffett into a general motors? we

>> stephanie: dan, one thing i hadn't heard is senator red stone who of course is the chairman of viacomrt by saying a republican administration was better than a democratic one. >> that's true. that was at the base of our difficulties. let's note that redstone has every right to say who he's for in a presidential campaign. what he doesn't have a right to do in my opinion and i think the public would share this to say and therefore because i favored george w. bush's re-election, i don't want our news department reporting unpleasant facts about him. this has to do with the corporatization of news which i think the public needs to understand that very large corporations, no more than six now control more than 80% of the true national distribution of news in the country. this is not healthy for the country. it is not a conservative issue or liberal issue a democratic or republican. i think we can all agree that we don't want a few corporate chieftains such as mr. redstone deciding what we see and how we see it and calling reporters off of deep digging investigative stories. >> stephanie: da

. >>> berkshire hathaway taking new stakes in viacom. increasing the stakes in walmart and wells fargo we will let you know if any other companies are on the list here. as you can see, the -- here we go with new yorkh mellon and shares in the extended hours. we're looking at movement here. small rallies as berkshire hathaway decreases the stakes in intel and kraft food and pag and we'll look at selling going on on the heels of decreasing stakes from berkshire hathaway. we'll take a short break and then go back to that trade. plus, high frequency traders trading at the speed of light. to average investors stand a chance against this technology? feds opening an investigation into jpmorgan's trading loss. we get reaction on that and a lot more from former chief white house chief of staff bill daley. he's with me exclusively. and our twitter question is, is jamie dimon still the right guy to be the jpmorgan chairman and ceo? we'll tweet your answers coming up on the "closing bell." then there was a moment. when i decided to find a way to kee

also i like viacom. they got beat up pretty bad and missed earnings.ntiment last week came down here. we're going to see translation into also content, but we'll see how it all works out. right now i think both of those are great plays as we site. back to you, ty. >> all right. jeff, thanks. up next, facebook shares sliding today. so will there be a lawsuit against the nasdaq? and can the retail investor, the small guy, ever catch a break on these kinds of offerings? and call it the parking space for the 1%. you won't believe how much it is going for. you got to stick around for this. we'll tell you. i'm freaking out man. why? i thought jill was your soul mate. no, no it's her dad. the general's your soul mate? dude what? no, no, no. he's, he's on my back about providing for his little girl. hey don't worry. e-trade's got a totally new investing dashboard. everything is on one page, your investments, quotes, research... it's like the buffet last night. whatever helps you understand man. i'm watching you. oh yeah? well i'm watching you, watching him. [

meantime gm and viacom reporting earnings before the open.he gm number came out and looked better than expected. the dow losing 10 points to 13,268 yesterday, the nasdaq edging up to 3,059. and also target today no longer selling amazon kindle once the current stock runs out. like other retailers, target is frustrated and upset as essentially being used as a showroom for amazon. customers looking at the item and then going home and buying them online. and saying it wouldn't just sit back and let that happen. target is going to continue to sell the apple ipad and some of the other ereaders like the nook. back over to you. >> thank you much. >> jon and laura, you can now buy the second coolest vehicle that neil armstrong ever drove. now, closer look, it's for sale on ebay. neil does not take care of his cars, you should know. he turned it back over after driving it for a year. another nasa employee bought it and now it's up for sale. >> never waxed it. >> apparently not. >> i'd like to have a shot at the coolest vehicle he's ever driven, if you

viacom reporting higher quarterly profits.splitting in two. >> and "the scream" set a record last night selling for $119.9 million at sotheby's. that's the most ever paid for a work of art at an auction. wow! joe. >> coming up, we're just minutes away from the weekly jobless claims and first quarter productivity data. take a look at the dow futures ahead of the numbers, which have been trying to get back to sort of the flat line. 14 points. tdd#: 1-800-345-2550 let's talk about that 401(k) you picked up back in the '80s. tdd#: 1-800-345-2550 like a lot of things, the market has changed, tdd#: 1-800-345-2550 and your plans probably have too. tdd#: 1-800-345-2550 so those old investments might not sound so hot today. tdd#: 1-800-345-2550 at charles schwab, we'll give you personalized recommendations tdd#: 1-800-345-2550 on how to reinvest that old 401(k) tdd#: 1-800-345-2550 and help you handle all of the rollover details. tdd#: 1-800-345-2550 so talk to chuck tdd#: 1-800-345-2550 and bring your old 401(k) into the 21st century.

these combos, we liken them to viacom. these guys are developing their own content. ad revenue growth. so this is a place where people have exciting exposure to a company that's younger and vie brent and really combilighted to get. so ctcm is an interesting play here. >> tim, see you later. >> thank you. >> google, zynga and now linked in. the retailer vester have no rights. but you hang on for the ride. we'll talk about the facebook ipo avenue the break. looking for a better place to put your cash? here's one you may not have thought of: fidelity. now you don't have to go to a bank to get the things you want from a bank. like no-fee atms -- all over the world. free checkwriting and mobile deposits. now, depositing a check is as easy as taking a picture. free online bill payments. a highly acclaimed credit card with 2% cash back into your fidelity account. open a fidelity cash management account today and discover another reason serious investors are choosing fidelity. what happens when classroom teachers get the training... ...and support they need? schools flourish

. >> also in the 13-f, increase in wells fargo, bank of new york melon, viacom. >> viacom buying back lot of stock. melon, that's a bottom fishing play. i totally get. that wells fargo is the heir to same banking, banking that doesn't regard -- not being financial engineering. by the way, wells fargo, there's a major undercurrent going on in this country. the refinancing program that white house mentions, he's a democrat, he's a republican. no, this program is working. wells fargo is the leader in refinancing. they are going to be the friend of the home buyer for years to come because of what they're doing. i wish they come on "mad money" or "squawk on the street" just so i can say to them, job well done. >> you mentioned the heir to sane banking. more reports about jp morgan today including a report in deal book about how the bank's asset management division was owning the things the london whale was trying to sell. on the one hand, some say that's good. they were acting independently in asset management. others say why do you have something so complex that you were buying and sellin

general motors and viacom reporting results before the opening bell. close, we'll hear from aig, kraft, as well as linked in oig. and also u.s. retailers reporting april same store sales today, expected to slow down mostly due to the early easter holiday which pushed holiday sales in to march. and that's pretty much it for today's show. want to thank our guest host for joining us. i' jackie deanxious husband deanxious husband in the united states and ask >>> global markets focused on europe. ecb set to make a policy announcement. yields jump in spanish bond auctions. a high profile ipo falling a little bit flat. carlisle prices below expected range. and the talker of the morning, a painting fetches a record $120 million at auction. the scream. it's thursday, may 3rd, 2012. "squawk box" begins right now. >>> good morning and welcome to "squawk box" here

netflix falling yesterday, as welt, concerned that they may have to pay up to keep viacoms epic streamingoncerned maybe they would leave if they didn't pay more. they're now the worth performing stock. it's on track for its worst two weeks since all the way going back to september, guys. same story here. the more popular things get, the more they kind of get staken down. >> brian, thanks a lot. brian sullivan back at the flash desk. according to a featured story, the president is losing the support of wall street titans. the times reports that by the end of january, 2008, the president has raised over $7 million from the securities and investment industry compared to just 2.4 million. the new york times reporter joins us with more on the story. nicholas, good morning to you. you call some people on wall street up and they are undecided. they are waiting for clarity. what kind of clarity do they want? >> it can often be on a policy issue on some kind of regulation. they're often waiting to see how he talks about things that are important to them. those are the people who are in the middle

making headlines, berkshire hackett way adding new positions in gm and viacom. and cutting its stake in chip maker intel by a third. berkshire bofted its position in walmart by 20% just before news broke of the bribery scandal involving the company's mexican unit. >>> coming up, our silvia vlad va. first as we head to break, a look at yesterday's winners and losers. if you are one of the millions of men who have used androgel 1%, there's big news. presenting androgel 1.62%. both are used to treat men with low testosterone. androgel 1.62% is from the makers of the number one prescribed testosterone replacement therapy. it raises your testosterone levels, and... is concentrated, so you could use less gel. and with androgel 1.62%, you can save on your monthly prescription. [ male announcer ] dosing and application sites between these products differ. women and children should avoid contact with application sites. discontinue androgel and call your doctor if you see unexpected signs of early puberty in a child, or, signs in a woman which may include changes in body