the viacom channels need to get some resuscitation here. >> for those who don't know the viacom channels, which had been a crowning jewel during the "jersey shore" days. "nickelodeon." tv land. who watches that? ok. >> folks don't value the viacom bundle is highly as they used to. >> there is data backing that up . >> we know that viacom sits along cbs as a genuine sister. viacom needs cbs more than cbs needs fire,. the stewart exit is a big part of that. ud value the comedy central franchise for a while. >> it is so interesting to see how powerful jon stewart was to comedy central and to viacom. 60 cable operators have essentially dropped the viacom bundle in the last year or so simply because they have seen struggling ratings on these channels. there was also talk that cable operators would schedule their contract talks with viacom when john stewart was on vacation, so that they would not have to worry about any sort of blackout threat. some of that may be hyperbole but it just underscores how dangerous it can be and you can pin your hopes and your dependency on one person or one brand

make sense for cbs and viacom to get together.y would be a bigger network with more bargaining power. joe: what can the two networks do together right away that they cannot do right now? guest: they will have more scale. cbs is on its own. it takes the most highly rated broadcast network. they expect their retransmission dollars to go from roughly $500 million today to the end of -- by come has a large suite of niche networks. they have mtv which appears to teenagers. cbs is general in entertainment mess networks. they fit well together and hopefully they have better negotiating power. you have less and philippe. they both very successful executives. we will have to see how -- who runs the company if they end up putting it together. stephanie: is that why it seems less\ wan -- les wants and ownership bid? guest: he's putting together a bid to fetch record be part of his -- that could be part of his game plan, to try to buy out that voting control. joe: the big news of jon stewart . what does that mean for the company? guest: the d

viacom.k there -- you used to work there. if there was ever a company that should have capitalized on all this digital video content toward kids, it would be viacom, right? what happened with viacom? jason: when i was there, we had a pretty good roll at it. betty: you had"jac -- betty: you had "jackass." betty: i am not -- jason: i am not close to the new management. ultimately, i think they have focused on managing costs and cutting back and getting in deeper with some of the relationships with the cable companies and also going to the amazon's and netflix of the world. i have not seen them take a big step in digital. this is a company that has been part of the youth zeitgeist and has reinvented itself multiple times, yet in digital, it has really taken a backseat. ultimately, i think that may be a decision of the viacom executives rather than the people of the individual networks -- betty: who are creating the content. jason: if you look at a tablet you don't see viacom apps. i think that i

maybe it is a freak out on the inside of fire,. -- viacom., why even watch comedy central? what else is there to watch on this channel? a lot of the cable operators who carry comedy central are asking the same thing. >> the basic idea is that time is marching on. >> there is no speculation. isn't this ironic? years ago, cbs and viacom split off. now, we are coming full circle. both are weakened by this disruption. might they be better together again? that is a conversation that is happening right now. >> "the daily show" was a franchise in the 1990's that was aimed at college students. jon stwewart turned it into an entire network and range of shows. that show is not just john stuart. -- jon stewart. he built the talent factory of people to follow him. >> stephen colbert. >> john oliver. larry wilmore. stephen colbert has done great and now he has moved on. john oliver, the same thing. do they have also a problem of keeping their talent on the platform? it is not big enough to hold these big egos. jon stewart was the last big ego at comedy ce

viacom's assets very different than ours.d paramount studios. so in terms of interaction, there isn't a lot of crossover with viacom. again, a lot of noise. should viacom and cbs come back together again? they say it will give you more clout in the market place. we feel like we have plenty of clout in the marketplace. we had a battle with time warner cable recently in which we came out just fine. we recently had another negotiation with dish. we came out just fine. we have the nfl. we have the number one comedy in "big bang theory." the number one drama in "ncis." we have a lot of clout where we go in with contributors to say, you know what? you really need to have cbs on the air. we don't need to add to that. >> you were just talking about content again. and it's never -- i guess it's never going to get old. you could never -- the slow-growing cbs did beat out the other one, didn't it in stock performance. but you don't want anyone to mention that. is that okay if i mention that? you're not going to stop me -- >> by the way,

comedy central is owned by viacom. he's hugely popular. he's going.hat's a stock down about 17% over the past year, howard. viacom has to figure out what they'll do here. does this come as a surprise to them? >> i don't think steven colbert's departure was the surprise. the one-two punch. the jon stewart leaving is a surprise. he hadn't been making those noises about being burned out after 16 years. you can't put another comedian in that slot. jon stewart is a phenomenon. created a touchstone a lot of people who hate the media and don't like politics, they trust jon stewart. it's a blow to viacom. >> everybody tivos that show. everyone watches the first five minutes. let's, remember, everybody is replaceable. jon stewart replaced craig kilborn. >> who? (?) yeah, who. i know. >> that's how quickly we forget. >> there's always somebody who can wait and be possibly better than you. jon stewart would certainly be hard to replace. craig kilborn originated "the daily show." thank you so much. we'll be following the merger story. we bring this up, as a busin

[gunfire] >> the viacom -- vietcong have had enough. they are nowhere to be found. 11 vietnamese are found, however, in a prison camp. they have apparently received no medical attention while in the hands of the communists. held by the vietcong for several months, their ailments range from open source and skin infections to malnutrition. as well as deformities caused by broken bones. this man, a former vietcong who defected to the republic and was later captured, cannot tell his unspeakable nightmare with the enemy. >> here are some of our future programs for this weekend on the c-span networks. on c-span two "booktv," allan ryskind talks about their communist party in the hollywood during -- in hollywood during the 1930's. and on in-depth, our live the our conversation. her books include "the tyranny of the majority," and "the minor's canary -- miner's canary." and a discussion about the burning of you, south carolina following the surrender of the city to william tecumseh sherman. and sunday afternoon at 2:00 on oral history, an inter

and this could put viacom down the road.'s shares are lower on that news. >>> in the headlines at this hour greece is in the spotlight once again today. the country ease finance minister will offer a so-called bailout. this is an extraordinary meeting being held in brussels. it's going to start "squawk on the street." >>> and according to "the wall street journal" the fbi is looking into how personal information was obtained about the users of the popular turbotax software program. >>> and you can be putting yourself and your employer in jeopardy if you use dating apps on company smartphones. an ibm study showed 26 out of 41 dating apps had medium or high severity vulnerabilities. ibm has alerted the app developers of its findings. andrew, get off tinder. >> i'm not on tinder thank you. for the advice. >>> apple passing yet another milestone, becoming the first company ever to surpass a $700 billion market cap. to put things in perspective, the iphone maker is about 46% larger than the second biggest company in the world, ex

this is a man who could create the next generation of a viacom or time warner period. >> you're wellcted within the media landscape and media world. you have a lot of friends in a lot of places. do you think people are having this conversation today? have you had this conversation with anybody? >> no. you know, i was very disappointed to hear he was leaving because i watch him every night i can. i was sitting talking to my wife about it and said this guy should go direct. there is a generation of fans who would follow jon stewart probably anywhere, like howard stern did when he moved to siri sirius. what i know is all the major studios, major media companies, are focused on how they talk to millennials going forward. >> this is -- he's the bridge to do that in your estimation? you say he has the following. you liken him stepping down to cronkite stepping down from cbs news and that he can reshape an entire business. >> for this generation, absol e absolutely, and beyond. 80% of his audience is 18 to 49. he's number fourish, i think he's number four amongst all late night. but when yo

viacom deals with shrinking audiences and advertising sales.ll determining the ice is of those cuts. -- is stitt determining the size of those cuts. >> profits rise as the group that owns british air ways i.a.g. is still trying to put together its bid. for the carrier. let's talk about the earnings. where do things stand? >> it was definitely up 18%. very strong compared to last year. 72 million euros doo to the transatlantic push they have done. a 16% increase. that was two years ago. then 25% increase in capacity. this coming year it is going to be a 13% increase in capacity. they are defending their position on short haul and have done a bit of contract flying. >> let's cut to the chase. what is happening with this i.a.g. bid? >> it was interesting to hear the outgoing c.e.o. he backed the bid. the incoming c.e.o. said it is a fast track for aeroling us growth. -- aer ling us growth. billy walsh has been on a charm offensive. >> did you use the word willie walsh and charm? >> a certain irish charm. don't most irish people have a bit of charm

what would've happened if viacom had been successful with it and the rule for the internet now is thateverything that goes live on the internet has to be reviewed by a copyright lawyer before it can be seen by the public. well, it is cable television. that is how cable-television works. before you make work available on cable tv company pay a lawyer to review it or the cable operator pays a lawyer to you the way. you have radically fewer channels. you may remember we went site cable tv universe is 500 channels would be incredible glory and unbelievable variety. imagine 500 websites on it and how that would be by our contemporary standards. either you get vastly restricted availability or vastly restrict it available channel to read and interpret the only people who get their work on cable tv or people who pay a lawyer and i'm not sure which is the same thing to guarantee their work is infringed copyright. so that is a world in which we effectively wiki the gatekeeper and new media by racing the viability and expense of operating these things. but we honest artists is to have lots and l

why is viacom not feeling the love right now?ut first here's a look at yesterday's winners and losers. opportunities aren't always obvious. sometimes they just drop in. cme group can help you navigate risks and capture opportunities. we enable you to reach global markets and drive forward with broader possibilities. cme group: how the world advances. ♪ >>> oh my gosh. >> welcome back to squawk box. what did you do? >> i'll tell you in a second. >> we are in the chairs looking at stories that got our interest this morning. here's a story for us in the cable business. i don't know if this is good or bad. i don't know if it says something about content or viacom but a cable operator that operates in oklahoma and texas serves about 1.14 million people. so small cable operator dropped viacom completely. mtv, comedy central, everything. >> what happened. >> virtually nothing. >> 99.7% of the subscribers stayed with them. they lost a couple of subscribers upset about it. does it mean that viacom and those channels don't have the power t

the problem of viacom tricking ad sales and a smaller audience is causing viacom to determine the sizef cuts. comedy central and mtv are down 16% this season. viacom has been more susceptible to the phenomenon because of its focus on younger audiences. in southern california, a passenger train derailed after hitting a truck on the track. it happened northwest of los angeles in ventura county. three cars of the metrolink commuter train fell on their side. police say there are numerous injuries. they are not saying how serious they are. we have to bring you up-to-date on the markets. scarlet fu is in the newsroom. what do bond investors think about janet yellen's comments so far? honestly i think it has to be confusing. >> it is confusing because she is saying one thing and adding a quick on the other hand it to her remark. for now, that is giving them a reason to bid prices higher which means lower yields. that extends a trend we have seen over the past week. don't forget, we have a $26 billion auction of notes later today. as for the dollar, it has given up the bulk of its gains. it is

. >> but you like viacom. why? >> because inter met regulation from the government will be toothless. >> what do you think? >> no, jon stewart is leaving. >> that's it for "forbes on fox." thank you all for watches. have a wonderful weekend. keep it right here eric bolling and "cashin' in" is next. >>> want to win the war against isis don't kill them give them jobs that's the bizarre solution served up by the obama administration. take a listen. >> we cannot kill our way out of this war. we need in the longer term medium and longer term to go after the root causes that leads people to join these groups whether it's lack of opportunity for jobs, we can work with countries around the world to help improve their governance we can help them build their economy so they can have job opportunities for these people. what makes these 17-year-old kids pick up an ac 47 had instead of start a business. >> is that really how to stop islamic terrorists? i'm eric bolling welcome to "cashin' in." jonathan hoenig, juan williams, mo

. >> but you like viacom. why?gulation from the government will be toothless. >> what do you think? >> no, jon stewart is leaving. >> that's it for "forbes on fox." thank you all for watches. have a wonderful weekend. keep it right here eric bolling and "cashin' in" is next. >>> want to win the war against isis don't kill them give them jobs that's the bizarre solution served up by the obama administration. take a listen. >> we cannot kill our way out of this war. we need in the longer term medium and longer term to go after the root causes that leads people to join these groups whether it's lack of opportunity for jobs, we can work with countries around the world to help improve their governance we can help them build their economy so they can have job opportunities for these people. what makes these 17-year-old kids pick up an ac 47 had instead of start a business. >> is that really how to stop islamic terrorists? i'm eric bolling welcome to "cashin' in." jonathan

layoffs are coming at viacom the parent company of some cable channels including mtv, dealing with shrinkinglatforms because the competition. existing tech, bells and whistles, increasingly driving car sales. kevin, people aren't waiting for your hovercraft from tesla? they are rushing out to get the latest bells and whistles? kevin: really, what is happening is there was so little investment in technology through the bankruptcy of gm and chrysler, all of that pent-up technology is now hitting showrooms and with the average vehicle age being 11 plus years, people looking at these products are fascinated by the new tech that is out. cory: there are so many dynamics at play. there is the economic state of the union, if you will. there is the state of the debt markets with superlow interest rates right now. but the collapse of the subprime markets and housing market in 2007 and in 2008, what happened? even with a company that didn't go bankrupt, like ford, you can still see a significant collapse in their tech investments in terms of the billions of dollars they spend on r&d. kevin: sure, and i

layoffs are coming at viacom.arent company of comedy central and mtv -- people familiar with the matter say will be companywide and they are determining the exact size of the cuts. five comments shrinking -- dealing with shrinking audiences thanks to streaming and youtube. existing tack, bills and whistles are increasingly driving car sales. our automotive expert joins me now from princeton, new jersey. people are not waiting for the hovercraft from tesla? >> really, what is happening is there was so little investment in new technology through the bankruptcy for g.m. and chrysler, all of that pent-up technology is hitting the showrooms. an average vehicle age eating at 11 plus years, people drive it on to the show room and looking at these data, they are fascinated by the new tech that is out. >> talk to me about that dynamic. there are so many dynamics at play. there's the economic state of the union, there's the state of the debt market and a super low interest rates, but the collapse of the subprime markets in

viacom has been no -- more successful -- susceptible to a phenomenon because of its targeting of youngerthe biggest u.s. cable company posted earnings that missed estimates after signing up fewer tv and internet customers than a year before. a tougher stance on how comcast and other broadband's death broadband survivors raise their networks. that has raised concerns about the proposed $45 billion takeover. >> we also remain focused for preparation of time warner cable. our ability to add value. our planning is on schedule as we continue to work for regulatory approval. weiss shares of home depot are rising today. the largest home improvement chain in the united states posted a quarterly profit that beat estimates, and rising home prices are prompting americans to spend more to fix up their homes. home depot's board also approved an $18 billion stock buyback program. shares were up as much as 4%. a disappointing holiday season for macy's, the largest department store chain in the u.s. the forecast -- macy's forecasts annual profits that missed estimates. trailing the company's's earlier f

shrinking audiences and ad sales for viacom.iacom employed about 9900 people at the end of fiscal 2014. job cuts or imminent. -- are imminent. a 10 foot plunge was captured by surveillance cameras. investigators are looking at what exactly caused the sidewalk to collapse. >> what a headline on home depot. >> it is the fifth year in a row that home depot has increased dividend in the fourth quarter. a big beat on the bottom line net income up 36% in the fourth quarter. the average adjustment from analysts was for $.89 per share and they made one dollar per share. americans are spending more and more money to improve homes. the return on investment is staggering. they are on track to raise it to 27%. they are returning more money to shareholders. i have a couple sell side notes. how hard was home depot hit by the port shutdown on the west coast? also, the cost of the data breach. >> 12.9% over the last 10 years. i'm so sick and tired of people telling me that you can't make money in equities. i shouldn't have equities. >> this is

viacom is a really cheap stock.lds at 65, maybe it's a guy. >> alcoa down 6%. >> tough day for them you have a company that most of the good stuff is already in there. we know that the ford f 150 is all aluminum. for now, i think alcoa is challenged. it would not surprise me if this stock turns down to close to 11. >> japan is making humanoid rober robots for a hotel. there's more to the job description for manual labor. the humanoids will also be multilingual. >> it could be very popular. >> time now for unusual activity. williams company -- >> when you talk about williams, wmb, this was interesting today because february 45 calls were not that long ago for a dollar. they took them off for a huge profit. sold them for $2.45. 66,000 of the february 48 calls were then bought. when a trader makes money on a trade like this and still wants to be a little bit more, that's something that's very enticing to me. >> regulas falling sort of its hepatitis c. plus, brett favre joins us with his latest social media endea r ende

has asked eight media companies including disney viacom, and fox to describe limits to online distribution in their agreements with comcast. uber says an unauthorized third-party access to its database last year and may have taken data on about 50,000 drivers. bloomberg says it has notified the impacted drivers. there have been no reports of misuse. jawbone is said to be in contact with blackrock. the size and terms might change. the fitness company raised $500 million from investors including sequoia capital. competition is heating up with fitbit. and there is an apple watch in the works. republican presidential hopefuls are making their case for conservative activists. speech is going on all day at cpac. a common theme, getting rid of obamacare. senator paul: obamacare, at its very core, takes away a patient's right to choose. i promise you this. as a doctor, i will take it and make it my mission to heal the nation, reverse the course of obamacare, and repeal every last bit of it. cory: other speakers included jeb bush, donald trump, and former senator rick santorum. congress is moving t

this morning impact, muted viacom down and fox leading the pack.ntelli at cme group in chicago. rick? >> good morning, david. of course 8:30 eastern we had date tap nice to see it dropping but it doesn't seem to shock anybody. productivity on the weak side for sure. and if you looked at trade deficit, bigger than expected. as you look at intraday of tens you'll see high yield was moments after the data was out. it's dipped a bit. but we are kind of turning into a range-bound commodity here with with regard to rates. look at two-day chart, you can see that. open the chart up year to date 1.71, low yield closed on 15. 1.86 intraday low from the wild october 15th defining the market of late. 24-hour bund chart, rates higher but not huge. but we continue to see the spread between two hovering in the mid 1.40s. all of the following chart a day before the big 22nd of january ecb meeting. look at bund yields you can see how they behaved. they haven't done anything extreme to the downside seemed like it was all priced in. look at euro versus dollar and eur

i sold stock, they get furious furious -- >> it doesn't rise to the level, the ceo of viacom who soldons that had three years to go. >> right. >> sold a lot of stock. >> that's different. >> a lot of people noticed that and the stock went down after although viacom creeping back lately. that's different. probably worthy of noting at the time, but i'm noting it now. >> plans can get canceled if you think the stock's come down too much. reasons why you might decide that you're done selling. maybe business is better. but this is a continuum of selling and a company google that many people feel is not focused on making money. the fossil wearable. >> right. >> what does that tell you? you know what that tells you? the time. >> maybe they need to buy snapchat for $19 billion. >> a bargain at any price. >> josh brown pointed out, valuation, reported valuation on the snapchat raise worth two news corp.s and nine "new york times" times". >> what kind of year did they have in babe ruth talking about herbert hoover. >> garmin have you gotten to garmin? 77 cents, misses about a penny, guiding to

you do have a stake in epix and mgm and viacom are investors in epix. >> somebody described us recentlyntent arms dealer. we will sell our content anywhere, to the right buyer, whether it's an over-the-top player or subscription player, free television, anywhere. so no, it does not limit our options. >> malone now has a 14.5% total vote? >> no, the way it works, he's got about 3.5% of -- >> the shares. >> the economics of lionsgate. we've got 4.3% of starz with 14.6% of the vote. so it was a stock swap. not a deal done with starz, it was a deal done with john malone entities. >> thanks for your time. appreciate it. >> thanks, melissa. >> it's been volatile since november. going basically 25 to 38. they just reported it a few days ago. and michael would admit, i think, not great. but this sort of takes some of that away. i think this sets up to your point for future deals down the road. we loved this stock for a long time. it's not been spectacular, but i think it sets up. >> we talked about the chairman looking to sell his 37% of lionsgate. so one note, that he could sell to john malone

. >> caller: i've had a longtime stake in viacom and would appreciate on your thoughts to buy, sell hold. >> i'm going to have to say don't buy. time warner just put up a great number today. a beautiful number. jeff bukis just delivers and delivers. so why do we have to be in someone who does not deliver? make the swap. let's go to scott in wisconsin. scott? >> caller: hello, jim. i really appreciate your show. >> thank you. >> caller: i've been watching boeing for a couple of months now waiting for it to drop down to the bottom of its trading range. now after its big jump up do you foresee it dropping back? >> no. i think jim mcinerney delivered an amazing quarter. we were saying listen, you got defense together. got the dream liner right. got the tanker con trangttract terrific. you know what? if that stock went below 140, you would have to just stand there and buy it. that's how strong boeing's earnings cycle is right now. let's go to steve in pennsylvania. steve? >> caller: hey, jimbo. etp. >> you know this one has been taken to the wood shed too much. i have my back and forth with k

viacom is selling fairly cheaply. people are worried there's rumors some of their networks might be dropped from dish network. but when you can buy a company of this quality that's gushing cash that's using this cash in a way to buy back stock and deliver it back to shareholders we tend to like that. we play the averages. a company ha spendthat spend their money well, we like those. >> and just a woshd on towers watson? >> it's not super cheap but it's an excellent business and the health care exchanges could be a reason for growth going forward. >> joel perfect. >> thanks for having me. >> a lot to think over. joel greenblatt, really appreciate it. 20 minutes to go into the close, bill. >> with the dow up 107 points right now. so the s&p and the dow both in record territory and we inch ever closer on the nasdaq to 5,000. we're up about 8 points right now. >> up next jpmorgan executives battling renewed calls to break up the bank. kayla taushy ytausche is in the middle of that action. stick around for a look at the go

. >> carl, we're watching viacom shares taking a hit coming on the heels of daily show host jon stewartn to step down this year. the comic told his audience the news at tuesday's tapings that will levi yacom comedy central without three stars, stewart, stephen colbert and john oliver who has his own show on hbo. back over to you. >> it's a good point. trading worse than more media names. more interesting story the longer story looking at a chart, up with-year performance down about 19%. versus s&p up 13%. it's been a tough stock for a while. >> yeah. >> when we come back, apple at another all-time high hitting another major milestone. more on that in a moment. >>> not a lot working in the broader market. oil under pressure but apple once again continues to be the exception. stocks hitting another all-time high today. market cap above $700 billion, now 124.32. john legere of t-mobile tweeting moments ago are we really shocked that apple's market cap is above $700 billion. #keepgoing. of course from somebody who has a vested interest in making sure apple does well. that's sort of the gene

viacom, cbs what will happen there. >> >> we will do more.arket flash desk for a look at what's moving. >> gogo was moving. you saw there. among those -- >> some of the other names. >> from mario's comments. talk about another fund targeted by activist investors. sun coke energy spiking around 5%. producer of coke used in steel making as a fuel. up in response by jet capital has 6% stake in the company. jet wants the board to take actions including possible share buybacks and dividend payments. maybe even a sale of the company. sun coke is responding to cnbc saying they always value in put from shareholders and currently reviewing scott jet's capital letter, back to you. >> thanks so much. pete najarian taking a beating on one of the names in his half time portfolio. >> oh, thanks a lot. >> don't worry. >> i didn't give you that name? >> man to your left may come to your rescue after this break. >> super mario. shares of walmart sinking on a post-earnings downgrade. find out why the traders are watching this one closely and the nasdaq getting

. >> quickly before we go, western digital or viacom if. >> best on the list is paccar.okay. we have to go. awaiting the vote. they do that from time to time. >> full of it. >> show him who's boss. you are the judge. you are the judge. makes rules. help brazil reduce its overall reliance on foreign imports with the launch of the country's largest petrochemical operations. when emerson takes up the challenge, it's never been done before simply becomes consider it solved. emerson. if you have a business idea, we have a personalized legal solution that's right for you. with easy step-by-step guidance, we're here to help you turn your dream into a reality. start your business today with legalzoom. we're here to help you turn your dream into a reality. i have the flu with a runny nose. [coughs] better take something. theraflu severe cold won't treat your runny nose. really? alka-seltzer severe cold and flu relieves your worst flu symptoms plus runny nose. [breath of relief] oh, what a relief it is. mommy! hey! there's nothing more romantic than a spontaneous moment. so why pa

and facebook are the same thing as viacom disney, time warner.gh we are aggressively pushing for equal access there are still five big companies at the front end. i'm concerned the same issues that have come through the vertical integration and have affected me as a content creator are going to happen in this new media landscape. >> you don't think anything is going to get resolved here? >> i think both sides will be lined up to all about the's will be lined up against each other. it's still going to be hard for the little guy. they assign the networks to the broadcast system. the national broadcasting system got number for in the case of nbc or cvs. now you are looking at apple tv 's potential new product and netflix is number two. next to it may be showtime and then hbo and then the tennis channel. so there's going to be a reorganization through the digital delivery and web delivered television. but i still worry that big and mx will end up controlling the top-tier of the dial in his new players will be shut down. >> real quick, not counting yo

he has served as the cfo of viacom or i am sure you had to take a look at currency fluctuation. >> weid. it makes you appreciate being in the united states. >> so the dollar has gained like 21% against the euro. you flip that around and maybe have had a fifth of a discount out around the world. is a make a difference for you? >> i think it does. maybe less so for bacardi because it depends on when you started internationalizing. if you started early, you already have made the acquisition and filled out the product portfolio. if you are starting out late now and are looking to do acquisitions and international markets, the timing is putting good. >> are you looking to do acquisitions? >> where always alert to opportunities. we like to think we are alert to opportunities anyway. we feel the portfolio we have is pretty attractive and broad-based and has been around for years. >> is it hurting you at all, the stronger dollar? >> in general pretty naturally hedged so we are ok. venezuela and russia you get these incredible distortions. those are probably the two biggest markets where there

spencer: this is a strategy that viacom pursues with vh1, and the tv -- mtv.etty: you are targeting one market. spencer: different people have brand choices and preferences. especially with something as important as home shopping. it is too important a purchase process to focus on one site. betty: i get this question asked to me all the time when i'm about to interview you. i ask you this before. homeowners are always on your site and they want to find out what the value of their house is. why are they sometimes so inaccurate? is it going to get more accurate with something like this? spencer: the estimate values every country home in the country every night. we have gotten more accurate over the last nine years since we launched. nationwide, our error is now around 8%. the error rate keeps coming down but holmes are unique and our computers have never been inside your homes. it will always be a starting point. you should work with an appraiser to figure out what home is worth accurately. betty: where do you want to get that? where you think you can get it to?

viacom, jon stewart, and also mentioned that he is leaving after a 16-year run.stuart: president obama singling out staples for cutting their employees' hours to avoid obamacare. listen to this. president obama: have you looked at staples stocks lately or the compensation of the ceo is, but i suspect they can well-afford to treat their workers favorably and give them some basic financial security. if they can't, they should be willing to allow those workers to get the affordable care act without cutting wages. shame on them. stuart: liz, is the president factually about what he's saying about staples? >> he's saying shame on them. this has to do with obamacare. staples said, it has nothing to do with obamacare. we've had a policy for more than a decade where part-time workers aren't supposed to be working beyond 25 hours a week, period. that has nothing to do with obamacare at all. stuart: the president is saying you don't want to control your costs. just be good. be nice. that's what he's saying. >> yes. he's also saying the businesses should, quote, do the righ

. >> no, that's viacom. confusing sumner redstone.o be an october ta again nairian. >> you're going to be good. >> bob pisani on the floor. >> a long way to go, jim. and so do the rest of us. thankfully. a little bhit weak today but coming back. weak innocence two sectors health care and energy earnings in the health care area. take a look at gilead. that's weighing on things. abbvie, celgene, regeneron, big guys in biotech. energy, after a terrific rally in the last few days showing signs of weakness, oil down here. big guys noble, chesapeake halliburton, the most volatile high beta names, also moving a bit. i don't think it should take away from the rally we've been seeing. talking about four stresses in the market. and how they have sort of changed in the last few days. how there's been bottoming going on in oil, in base metals in bond yields. and as europe as well. some going on for a while. oil hovering in the mid-40s. but there's a powerful rally in the last couple of days, partly on greece possibly making a deal possibly oil de

viacom is up 1%.cific issues of their own, including jon stewart's decision to step back. >> time warner is one, i say, oh just a really good quarter. cbs is just very solid. >> we've got gaming companies reporting, zynga's down 13%. breakeven was a meet. but the bookings disappoint. king up 16%. a beating by 10%. >> candy crush, finally able to diversify. that was a disaster by the ceo. the company is making it back. a good quarter. >> a special dividend and a buyback. we're talking to strauss. >> strauss is a good guy whose stocks should be up. went to 31 and, boom back to 27. >> with all that and the dow's up about 14 points. let's get to bob on the floor. hey, bob. >> the nba people here talking about those two great shots. those two great shots they were something to talk about. talk ago something to talk about, we're waiting for new highs on the s&p 2090. if we closed over 2090 the old high historic but not here yet. take a look at sectors at new highs. the semi conductor index which i've been t

. >> you're the second person who told me that viacom is also cheap.nerate a lot of cash but stock doesn't reflect that. why do you think that is? >> well i think this is one of those situations bill where you've got, quite frankly, some in the red stone who is a fabulous operator but he's been there a long time and i think a lot of folks are just waiting for the opportunity when there's a changeover in the leadership there, i think the stock really gets a significant boost and a lot of the folks that are not on board with this one get on board once that happens. so i'm certainly not rooting for sumner to go away. i hope he has a long and lovely life. >> he already has. >> yeah, he certainly has. he's in his 90s. >> yes. >> but here at this point, i think a lot of people would like to see a change in that leadership and similar to occidental, you'd see a surge of money coming into the stock. >> we'll leave it there. jon najarian thank you so much. as we approach new highs there and across the market, in fact. >>> ten minutes left. the dow is down 16 po

. >> viacom.t to talk about how good the quarter was and how much stock they bought. fox, yesterday, buffett. a lot of reshuffling in the deck here. and it's jeff bewkes who came out on top. >> so far. so far. more to come. >> there? >> not right away. >> can you share? >> no. bob pisani's got more on what's moving this morning. >> mostly on the down side today. the culprit, again, energy. i want to show you europe still not responding much. of course, greece has got a can request for a loan extension out. germany's rejected the loan extension request because greece wants relaxation of the reform commitments. a meeting of eurozone finance ministers friday. see how that plays out. either side a positive or negative here. as i mentioned, oil's the weak link here. talking about eog. put up the key comment the company made that's getting the comments. they're going to complete 45% fewer wells in 2015. they said the company's not interested in accelerating crude oil production in a low-price environmen

. >> viacom in the crosshairs not positive. a lot of flux in these guys. cbs big after the quarter.. >> great american. >> got some intraday highs for the dow. the s&p and the russell. let's get to bob pisani. good morning. >> the market is stronger than the dow, just up 13 points. builders, as you know doing well. semiconductor doing well. consumer discretionary doing well. financials doing well. energy stocks doing well. things are doing well over in europe. you heard earlier, it looks like the major powers are giving their assent at least early signs are, to the greek package of economic reforms they put in last night. the greek stock market's up 9%. the highest level for greece since december. the rest of europe is on the mixed side. generally up. we're at historic highs. essentially in france as well as germany. speaking of europe qe ending here but europe is doing very well with qe. thank you very much. notice europe is dramatically outperforming the united states this year. s&p's only up 2.6%. but historic highs in france and germany. both up 13%. the nikkei also the japanese

viacom is down. discovery is down. scripps i think was down.you see the media industry shaking out over the next year or two? >> well it's been tough since the recession. advertising has been down, and you have a shift towards the internet. it's recalibrating. the economy is getting better. there's low unemployment. the banks are well capitalized, as i said before. general economic help will help the media businesses in the long run. >> do you think we'll see further consolidation? there's been some talk about that. >> i think you need to see consolidation, and you are seeing a dynamic ship going faster and faster to more internet advertising. much of the companies are taking advantage of that. you have a website as well. you are seeing this true convergence now. sit time. i'm getting word in my ear, speaking of greece that, we might have breaking news there. michelle carusa cabrera, what do you have? >> we're getting a number of reports from various wire services that there is a deal in the works. we expect a news conference momentarily. here'