next up, take a gander at viacom's daily chart. here's another cord cutter that's going to allow sony to broadcast 22 of its channels in the new online tv service. in the past month, viacom has gotten crushed on fairly high volume along with the rest of the stock market, advertising volume not so good. but in the last few sessions, including today where the stock flew up $2.50, viacom has really started to rebound. lang says the selling could be over by now. the mac d is about to do a lot bullish cross over. lu lang thinks that viacom needs to spend time consolidating in the low 70s, where it can start to roar higher, because the fundamentals aren't so hot for viacom, at least for the motel. how about cbs, which has its own cord cutting offering on the way. when you take a look at the daily chart, you can see that cbs is recovering from a really, just an amazing beat down, since it peaked in early july. lately, the stock has been coming back with a vengeance, and lang sees strong signs of institutional buying. last week, the mac d

e channel, the first outside of the u.s., extremely exciting for viacom.s programming side. one of our shows just launched this saturday in the u.k. we are looking at driving maximum results through that acquisition that we are happy about rather than what is the next thing. >> if i ask you what the next thing is in terms of programming, let it be fair to say it is comedy and kids? >> we work across general entertainment, kids, and comedy. we have long been renowned for platinum content for kids and family. we've become increasingly famous for what we do on the comedy side. we represent comedy central internationally, that includes hits like "south park." what we've become known for is growing talent. six months ago we brought amy poehler down here. showirls who created the are high-profile. togrew stephen colbert become the david letterman replacement. we've become a significant home for growing talent. we had a big ben stiller project coming. we are home for the best and the biggest and comedy. >> how excited are you about webisodes? >> that is top of mi

viacom has companies like company central to my mtv, vh-1.o you will see this shift of people who watch television watching more content online. investing a lot of their assets. charles: content to have content in double anneals is the key. >> absolutely. >> i like comcast. i always liked to on the behemoths. certainly with the time-warner merger and comcast odbc and moving on to other areas, i think comcast may not be the netflix or the apple of their sector. i love netflix long-term. comcast is a conservative, a little more than conservatives. charles: i'm not into the cable companies and all. they have been solid and no doubt about it. >> grupo televisa. they earn about 35 percent of univision. your talking about the trend , the growing hispanic community. and they love to watch television. i think that could be a big winner. seventy-five percenter in mexico. big diversity, a little bit off topic, but if you want to go the cable operators. charles: a stock. >> disney sports. you know what, i am not in netflix right now. an eager to buy it

. >> stephen: tell the people watching this great viacom program why corporations are bad right now. i think we've got to reach across this gap that's separating us. let's hold hands and think together. >> stephen: okay. >> corporations -- >> stephen: corporations, yes, they're people. >> they make us happy. >> stephen: they do because they provide things like this. this beautiful thing. >> exactly. >> stephen: this is a beautiful thing of the future. oh, okay. yes, that old thing! (applause) (laughter) you've got to get yourself a new girl! >> this one doesn't have the unsightly bulge in the trousers. it's the old one. >> stephen: oh really? but this one makes me look happy to see you. (laughter) in the movie, chris owns -- >> he owns nothing. he's the man who worked for a corporation. he's incredibly skilled at the computer activity. >> stephen: the playing two pianos. >> he can do that as well. he's an actor, a character and brilliant pianist in private life. but we're not talking about that. we're talking about the movie. he's a computer genius and he has a task of solving the ze

he is set to meet with studios, like lions gate, disney, viacom, and time warner.could a partnership with alibaba mean for l.a. studios hoping to expand in the second-largest film market in the world? christopher spicer joins us now via skype, he specializes at the school of theater and television. how big a business could entertainment being for alibaba? what would this mean? >> it could be huge for them for a number of reasons. primarily, they have a huge online platform, obviously. and they are looking to grow our that platform -- growth that platform for the biggest way they can do that is grew that content, and international content is here in hollywood. that is reasonably what he is meeting studio executives to talk about. >> talk about what chinese consumers want. i lived in china, there are a lot of pirated copies there. how much of a demand is therefore streaming content? >> a long answer to that question. but with the growing middle class in china, the theatrical business is booming and expanding. my guess is within the next 3-5 years china will, i do not

guests joining us including the ceo and cofounder of life media as well as tom preston, former ceo of viacomthat interview at 3:30 p.m. eastern, 12:30 p.m. pacific writer on bloomberg television. launching its latest line of cameras at rest by. how much is the camera maker changing the video industry? that is next on "bloomberg west ." ♪ >> welcome back to "bloomberg west." i'm emily chang. go pro has launched their newest line of cameras this week. they tripled go pro space at this by stores. they havexcited and soared nearly 300% of the june ipo. after a disappointing first earnings report as a first company, they are partnering with the struggling retailer. is that a smart strategy? with us here in the studio, is it a good strategy to partner with ubest buy? >> it's a very visionary company. the launch of this product was online as well as best buy. they're off to a fantastic start. like the hero four black is the standout outperform her. they have successfully moved the bar to the $499 price point. that's a 25 are sent increase over the high-end hero three plus. value,e delivering new 4k

with viacom -- >> do you think sony would ever do that?uld do cbs first and put that together again? that's what makes speculations. if i knew it, i would share it with you. but i don't think anybody has ever talked to me. independent of what, why not? if you're sony, you just got a billion shares, the stock is $17 billion market cap. that's a minnow. and they can sell them insurance assets for mark to market for $4 billion and in addition to that you've got music, movies. and then they have to deal with all electronics. with abi running japan, layoffs are happening. >> we'll continue and have much more with mario throughout the program. >> and we'll talk about the canada chaos yesterday. questions today after a lone gunman kills a soldier outside of canada's parliament. then at 8:30 this morning, weekly jobless claims. that means leisman's probably in the house. "squawk box" will be right back. . an unprecedented program that partners businesses with universities across the state. for better access to talent, cutting edge research, and st

great lineup of guests, including shane smith, seo and cofounder of vice media ofwell as tom freston viacomthat is at 3:30 p.m. eastern and 12:30 p.m. pacific right here on bloomberg television. just how much is the action camera go pro changing the video industry echo more of that next -- the video industry? more of that next on bloomberg west. ♪ fax welcome back -- >> welcome back. i'm emily chang. go pro has launched its newest line of cameras this week. tripled their space at best buy stores. shares are up this week and have soared nearly 300% since the june ipo. but does go pro need to prove itself echo -- prove itself echo it is partnering with a public retailer. a smart strategist is here with us in studio. it is a good idea to partner? andt is a very good visionary company and it's a good idea to partner with best buy. we did store checks. it looks to us like it's the standout performer. they have successfully moved the bar up to the $499 price point, a 25% increase over the high end of the hero three plus. we think that is because it is delivering real value to consumers. is an out

other thing that viacomed on is the -- i have commented on the basis of the containment for ebola virus, that is that the hospitals that are being disignateed for containment have to be fueled. we cannot pec expects every hosl in the united states to be prepared to treat ebola patients. >> forgive me, i did not understand perhaps audience did not, those containment centers, 4 of them, have to be what? >> i think we should expand number of containment centers, and have regional centers all over but not expect hospitals all over to be able to perform containment. every hospital needs to be prepared for diagnosis, we don't know where a patient is going to turn up. but as soon as a person is identified with ebola, they should be transfered to a regional center. this is what i have been discussing, i believe that the cdc is moving in that direction. lou: clear, that set off something of a wave of through healthcare officials. who believe inn staffs are not -- believe their staffs are not adequately trained. how long do you think it would take to move those containment centers and major hospi

great lineup of guests, including shane smith, ceo and cofounder of vice media, and the former ceo of viacomewrview is that york time right here on bloomberg television. american banker has released its 2014 edition of the most powerful women in banking. that is the october issue. the president and ceo of citizens bank in admin is among the 25 women to watch. she joins me in the studio. thank you for your time. we should mention, edmond, oklahoma. the bank said its own course since you have been in charge. you have embraced new technology. however customers reacted to that new technology and has it helped you compete against the bigger financial institutions? >> our customers are fortunate to be in a community that's very technologically savvy. they have a great demand for us to be innovative and love to connect with a community bank that's going to push the limits. we have to maintain our regulatory bubble and maintain our soundness and not be too creative with some of our projects. but we can be creative and we have implemented technology and collaborated with local tech firms to provide s

viacom was the loved one. know how scorned viacom has become. >> people are concerned about ratings. the numbers have not looked good. ratings across the board as i reported a number of times are down for everybody, which raises the larger question of the changes taking place in viewing habits and the way people go about watching. >> "walking dead" beat the nfl. nothing beats the nfl. nothing. >> except when the eagles are transing the giants. >> fantasy says watch the fourth quarter. 0 million people playing fantasy. >> i want to get back to commerce. walmart yesterday -- that was great. >> the walmart earnings, by the way, you know this man who is running it. >> doug mcmullen. i met him a number of years ago. >> he is resetting expectations we've been waiting for. i find that -- t expectations. >> it's not your old walmart any longer. the capital expenditure number still higher than people thought it would be. they are not going to spend on super vendors. they've got to ramp that up quickly. trying to figure

my best is sony and viacom come together because of the merger of paramount and columbia.would make sense. alibaba would come in and buy them both. >> who likes that one? mario on to something? >> on paper it sounds great. i don't know, there's a lot of moving parts there. and a lot of regulatory hurdles to overcome. i don't know in alibaba will be coming in and buying any large companies like that. >> i think alibaba has other names on their list. >> all right. well, coming up, we'll take a quick break, do final trades on this big market day. the dow is up nearly 250 points today. we'll be right back. big day? ah, the usual. moved some new cars. hauled a bunch of steel. kept the supermarket shelves stocked. made sure everyone got their latest gadgets. what's up for the next shift? ah, nothing much. just keeping the lights on. (laugh) nice. doing the big things that move an economy. see you tomorrow, mac. see you tomorrow, sam. just another day at norfolk southern. as the company that's all about printing. but did you know we also support hospitals using electronic health

. >> shane smith, ceo of vice media and former viacom ceo tom freston.hen we come back, max levchin from paypal has been on the cutting-edge of tech and innovation. his thoughts on the current state of moon shot. ♪ >> welcome back to the "best of bloomberg west." i am emily chang. at the "vanity fair" summit we were joined by paypal cofounder, max levchin, talking about everything from innovation to what will happen now that paypal and ebay are separating. we asked about his fertility company, glow that >> we have 30,000 babies being born and we're shipping out -- >> 30,000? >> so far. so it's working really well. we have reduced costs for the women who thought infertile. it works. it really does. >> what about the firm? this is your attempt to reinvent the banking industry. >> yeah. i think it's actually i realize what it really is. not to reinvent it. i'm not sure it needs reinvention -- it needs reputation adjustment. at this point it's very defined. people think banking is awful. >> wait. stephanie worked on wall street -- >> does it need a reputatio

some include viacom and fossil. in the financials affleck also on the down side better than 1.23%.ed down 2.5%. and in terms of the transports we are down 200 points on the transports. we did see money flowing into the gold market although not as much as you would expect given the degree to which equities are selling off. the gold market up about $4. copper market bouncing back as silver. platinum is down about 0.1%. let's go to chicago where rick santelli is tracking action in that and currencies which have been major players and movers. over to you, rick. >> you said a mouthful. down here they don't think of it on a day like today as money flowing into treasuries. they think about it as money looking for a home because it wants out of equities. the natural hedge to weak equities. the treasury market, the boon marngt. we are getting close to double digits down close. open the chart up to early september haven't been down this area on a closing day and the first time we slice through that significant 2.45 this is what happens. you want to watch that level as you have resistance abo

the viacom ceo will also be speaking.one of the markets top media m&a bankers. i will be speaking to john about how so many media companies want to get your while others, like news corp. and time warner, are getting smaller. past the hour which means bloomberg television is going on the markets. giving up early gains, fluctuating right now after yesterday's big decline. this all comes before the release this afternoon of the latest fed minutes as well as the unofficial start of earnings reportingh alcoa after the bell. joining me right now is the atity derivative strategist crest partners. when we have an earnings season like this, fomc minutes, what tends to move the markets more? >> that is keeping people under some sort of stress right now. risks to the downside in the market have been elevated. when you said external event, you refer to -- >> last week, there was a lot of activity in brazil stocks. there was a lot of options trading and results of spillover affects today. that seemed to be what is driving volume in th

he's meeting with the biggest studios and among them disney, paramount, warner bros., sony and viacomristian bale didn't have to audition for the role of steve jobs. writer-director aaron sorkin told bloomberg's emily chang that he needed the best actor in a certain age range and that was christian bale. there is not a frame that he is not in and there is a tremendous amount of language, so it is an extremely difficult part and he is going to crush it. >> he's going to crush it. that interview is for a future edition of bloomberg tv. you can watch that thursday night at 8:30 p.m. coming up, no smoking allowed. the makers of camel cigarettes are banning workers from lighting up their own cigarettes. that is next. ♪ >> moving and shaking this hour, jazz musician kenny g. he wants the government of china to know he has nothing to do with those pro-democracy demonstrators in hong kong. he was walking through the city when a fan took his picture in front of a pro-democracy poster. kenny g is incredibly popular in china which may explain this tweet. not trying to defy government orders, i w

viacomally they look at or disney or time warner, and a lot of investors say there are so many new placesumers can get their content. it's not just on their cable or satellite system. we now have opportunities such as netflix. there is ever-increasing demand for content and if you're in hollywood making it, you're in good shape. to pushix has tried through a price increase. there is a big elephant in the room called hbo. >> that is exactly right. of subscriberhort growth estimates. it's very much a momentum stock driven by subscriber growth. that was point number one. point number two, hbo and new york said for the first time they are going to let consumers get hbo outside of a pay-tv tactics, get it over the internet much like they get netflix. they have the content, the brand name, and the marketplace. here is a big competitor coming into the market against netflix. we see consumers altering their behavior. they are consuming more content when and where they want it on whatever device they want, and that means over the internet. >> great to have you with us. we will have you back later

whether it's discovery, cbs, 20th century or viacom. warn er after fox sai we are no longer going to pursue it. we don't know the answer. >> we look at it all over the world. we look at viewership on cable all around the world. in a number of markets it's growing. in some it's coming down. here in the u.s. it's down for the last few months. the question is, is that real and is it the beginning of an issue or just something that happened for a short period of time? >> fortunately, david didn't say way thinks is the actual answer. richard greenfield, in terms of looking at what is a robust advertising market because of the money facebook is taking, he says, tv executives continue to say everything will be fine. it will scatter later this year. don't worry. with q-3 conference calls coming, we wonder whether management teams will once again talk down secular change concerns. >> we're there. >> i don't know. >> i think some of the bigger consumer packages going up 25%, 30% social media. it's amazing. they are building up their lifestyle bra

in that case, yes, viacom a different story. a sumner rmer redstone. >> committed to that cash flow forever. [ overlapping speakers ] >> analysts pressuring companies -- [ overlapping speakers ] >> dividend does less to the shareholders. buying 10% of your float could raise your stock price by 10%. you're not gonna get a 10% special dividend. like i would rather, if you were a shareholder of those companies. >> more value. i don't want companies using capital to go in the market and buy stock when they are at all-time highs. >> john najarian, before we let you go thoughts on buy backs, where do you stand on the pfizer one? >> pfizer's been buying back multibillion dollars worth of their stock and year-to-date, down 6% or so coming into today's announcement, so, to zach's point, you know, folksily, it could be a good thing, but when you've got 6 billion shares, like pfizer has out there, you cited $180 billion company, $11 billion doesn't move the needle very far. a drop in the bucket. you would certainly hope there were better t

emerson electric, viacom, lowes. winners you did have 20 s&p stocks reaching a two-week high. including coca-cola, pepsico, home depot, cvs and altria. >> research in -- in addition to looking at whether there's buyback activity or not and to the supply and demand of stocks i don't know how you decided on this. one of your predictions now is this exit by the fed which we're all waiting for is not going to go necessarily as early or as smoothly as planned. at this point they're going to feel the need to either stay in or re-enter? >> well, they're ending this month. and one of the things -- the most dangerous thing on wall street is what you don't know you don't know. so it has some of the quantitative easing. some of the buying of bonds -- some of that leaking into the stock market. and the absence of that is exacerbating the volatility could be there's no real way of knowing that unless you're tracking the actual order flows. there's no way i know of tracking that. that could be what's exacerbating the downside. how

>> channel five in uk viacom took it over.e that show off. >> i see that on and i'm like, are you kidding. >> i've never watched it. >> i've never watched it ten years ago. there are new people every year that -- >> i didn't know it was still on. >> it is. >> they're not reality shows. >> i'm knocking reality. i'm not knocking cbs. >> kind of like "squawk box." >> well, this is not reality. >> this is not. >> this is fantasy. yeah, this is fantasy. when you're on, it certainly is. >> thank you. >> thank you very much. and on that note, you buy me dinner next time. >> hillary is writing you a check and she's got plenty of money from the college tours. >>> when we come back, we do have a special trick-or-treat rapid fire with marc lasry. check out the futures. at this point dow futures up close to almost 200 points. s&p futures up by 23. nasdaq up by about 60. "squawk box" will be right back. >>> back to our guest host today, marc lasry. we're going to play rapid fire. i'll throw a few things at you, give us answers whatever com