now redstone controls both cbs and viacom.s the executive chairman of the board at both companies. her zer describes red stone as a living ghost, saying that, quote, he cannot converse except for grief grunted responses to direct questions and even then he is nearly impossible to understand. she also said he is, quote, spontaneous crying spells for no discernible reason. redstone responding calling it a meritless action and riddled with lies and a despicable invasion of his privacy and saying in a 120 page response that last week she entered into a written agreement with mr. redstone himself, revealing he appointed the ceo to act in the event of hissin capacity. demand declaring that the two are in regular touch. saying that he found resstone, quote, engaged and atentive. but redstone's signature, it is raising questions as it is circulated on twitter. still, of course, this all raises questions about redstone's control over viacom and cbs which will be taken over bia group of trustees in the event that redstone is unable to m

what we looking for viacom today? >> viacom has been under pressure.s over the last couple months have been under pressure with concerns about advertising, concerns about -- and v viacom's ground zero. they have had real ratings problems, challenges across a number of the cable networks, which translates into a weaker advertising trend. it is something they have been working through for over a year. the brighter spot for them has been there -- the cable companies are still paying viacom for their cable networks but investors on that score will be looking at a renewal discussion coming up with dish networks. it has 14 million can scrubbers. that will be a make or break these of news -- it has 14 million subscribers. vonnie: this is a binary view. they are all dying or they are not dying at all. slowing?utting to be a is going steady trend. in the second quarter on the f 20%.stocks, sawed of a concern this might be quicker than we thought. i think it is going to be a slower leak. tom: in some ways, the last hurrah for mr. redstone. 92. out of the picture

now, what will happen to viacom perhaps should he be deem not in a capacity to be its chairman of viacombs. although, again, his lawyers make it clear it's baseless allegations from miss her zer and a record she's building. they say it has nothing do with any present concern for his protection. in the lawsuit they do go on as well to state -- i think we have this in text. mr. red stone's 92 years old. he suffers from impaired mobility, has had a substantial speech impairment that makes it difficult for him to communicate with newcomers unfamiliar with his speech pattern. they say all that's left is an elderly man subjected to discomfort and indignity of strangers. indignity of examination. by strangers because of a former friend claims to know better than the relevant treating physician and geriatric psychiatrist. that trust includes sherry redstone, sumner's daughter as well as his grandson, tyler. it will be seven people overall who willed a jude indicate that trust. and there is nothing that says there is going to be a for sale of any kind when the day does come however many years it

. >> well, both viacom and cbs.are the largest holder outside the family trust with regards to voting stock. liz: so hollywood drama doesn't affect -- >> oh, come on, it's fun, you know? a 92-year-old guy, and they call him incompetent, yet all he wants is steak and sex? come on, liz, be practical. liz: you're saying, what, if it were you, you'd want gnocci. >> vino -- i was trying to figure out what it was. liz: did i mispronounce it? >> you did great. liz: all right. he's holding viacom, he's holding cbs. it's great to see you, mario. happy holidays. >> you too. plenty of things to cheer about in 2016, particularly after the election. liz: he likes stocks. thanks for sharing that with our viewers. >> delighted to be here. liz: the dow is still down 50 points, so mario, in his opinion, shaved about six points off the losses, but the closing bell is ringing in about 48 minutes. marco rubio is leading the gop candidates with support from his fellow congressmen and women, but will this be the kiss of death for his cam

but right now why do you see viacom? it involves the patriarch of viacom, sumner redstone.attle to control the future of the ailing media mogul's empire and that battle is escalating right now. two companies under billionaire sumner redstone's control, viacom, cbs, moving higher right now on a storycharlie will talk about in a moment. what is going on? how old is he first of all? >> he is 92. he had a couple caretakers, his girlfriends too. these are all court documents got released today. one of the girlfriend put in court documents basically said she was improperly fired a couple months ago. liz: how do you fire a girl friend? >> she was a girl taker. his new taker phillipe dumont, ceo of viacom. what is fascinating about this, it is confirming, if you believe her, a lot of what analysts and investors know, that sumner redstone is very old now. he is 92. he is less, and less capable to run the company if you believe this lawsuit. redstone's people are denying allegation, she basically says, he is losing it. he is crying uncontrollably at times. there was a couple choice q

i wanted to get david's take on viacom where stocks down badly because i think viacom is the kind of non-disney programming, david. i think john malone must think that disney programming is special. >> you know, it's funny. we talked about media getting day. you'll be interested to hear his response about what happened to the various stocks, including discovery which is close to mr. malone's heart as you well know given his sizable ownership. viacom has had a terrible year in the stock market. dragged down so often as a result of its own operations. the belief it does not necessarily have must-see programming. and that it is in the weakest position of the major content providers, if you will. this quarter didn't look particularly good. i want to get an opportunity to look morclosely at it. the call as well and see what comes off that. that can make or break a lot of these situations. but there's got to be some pressure, one would think, on felipe. it's got to be on that board of directors. he has one big supporter, sumner redstone. certainly bears close watching. >> domestic ads of v

it's not great for cbs or viacom to have this stuff out there.s kind of inevitable at this point given him, i guess and his life. but i think the question is, who is going to take over the company? is it going to be his daughter sheri redstone? who is going to control this post, post when he's not alive any more? i think that's probably where everybody is focused and nobody will talk about that issue. that's the real deal. >> the ownership interest will be taken over by seven trustees, which includes his daughter. the other big picket question is what happens ultimately to viacom and cbs. given all of these changing viewer habits and if he does leave and retire and something happens, do the companies take a new direction? do they get sold? >> i think that's the big question. you have some very strong executives at both companies. les moon vvemoonves, very exper and philippe dumont, in charge of mr. redstone's health care this stuff is great for new york tabloids, it's like a soap opera. it feels like you're watching "empire" or something and the

could you think you could -- could you bring viacom back with cbs. i think the stocks have both been overly punished and there is some upside on resolution. and entire industry suffering here. these guys have been punished that much more and i'm not sure that is warranted. >> maybe they should be. maybe the declines are worse. >> and the bounces -- cbs has gone from 40 to 52 in a four-week period of time. >> they all have. >> and that is a turn. you might be right in terms of long-term but you could see cbs trade back down to $45. >> well, listen, i go back to time warner, that is the name here. it held here at 70 as disney has been moving around. there is news around redstone. that is what i believe on the content play, that is the winner over the next -- >> twx. >> twx. to be clear. >>> and the imf agreeing to add theuon, and the yuan and the pound are in the group. stocks like alibaba and baidu rallied hard into the close. don't know if it is because of this. >> no. because of the inclusion in the index. baidu and alibaba, and that's why the stock

what becomes of viacom and cbs. the stock is trading higher.al positive outcome for cbs. cbs is more appealing to potential buyers. >> do you believe it gets taken out? >> i don't know. >> taken over? >> the trust would have to approve it, right. the we is a lot of people say why doesn't viacom and cbs get-together. put the companies together solve a lot of questions about viacom being dropped by distributors and so forth, more hefty media asset. i don't think you can put them together. they would have to be sold outright because you have minority shareholders and they would litigate if they didn't get a full and fair premium. in a go shop situation which of these two assets is more appealing to a buyer like a liberty or time warner or management buy out like cbs itself. viacom could acquire cbs. again would have to be for a full and fair premium. the key here is when something happens and the lawsuit is interesting because it's saying sumner is incapacitated. even if he were to pass possible that -- >> why do you believe shari redstone will tr

we've seen cbs and viacom.rybody thought viacom was in the best position and cbs took off. >> the real question is which one is meg whitman running? >> you do remember it was the opposite. viacom was a great example. is it possible that the pc business turns out to be the better business? >> it's entirely possible but right now with the way the pc market is looking, it's in a long, slow burn decline. printing especially continues to decline, too. so it's just really -- they do have some ambitious plans in 3-d printing. >> part of what they're doing, dionne wiseler is the ceo. they'll research in research and development a little more aggressively than under the parent company. >> right. that was part of the split. you can do the research and development without having the split agenda. the argument was they would become two different businesses and they just were going in different directions. the one thing they will lose is scale. they'll lose some capacity to negotiate scale with some of the suppliers, things

what will it mean for viacom shoulders? we'll bring you the latest on this juicy story. is back in two. year after year. then one night, you hydroplane into a ditch. yeah... surprise... your insurance company tells you to pay up again. why pay for insurance if you have to pay even more for using it? if you have liberty mutual deductible fund™, you could pay no deductible at all. sign up to immediately lower your deductible by $100. and keep lowering it $100 annually, until it's gone. then continue to earn that $100 every year. >> sumner redstone is under fire how much you can earn and this savings applies to every vehicle on your policy. call to learn more. switch to liberty mutual and you could save up to $509. call liberty mutual for a free quote today at see car insurance in a whole new light. liberty mutual insurance. >>> it is the case that is captivating hollywood. viacom and cbs chairman sumner redstone is being sued by an ex-girlfriend on the grounds that he, quote, lacks mental capacity to remove her as a representative. if the suit is found to have merit, one o

viacom was trading lower. it saw ad sales declining, and the paramount film studio was hit, as it did not have a hit that matched last year's transformers. shares are now higher by 10%. look at my bloomberg terminal. you can see where the shares have gone since we got the earnings this morning. let me brighten that for you. we had initial drop, and then the shares climbed. viacom did say it sees high single-digit growth in 2016 domestic affiliate revenue. it also says improving domestic advertising growth this quarter will happen. that might be something that is happening. there is also liberty global -- or liberty media, excuse me, saying it will create tracking stocks for its sicilians, the latest in john malone -- sicilians, the latest in john malone's financial engineering. betty: thank you. let's check in with vonnie quinn in first word news. vonnie: we start with kurdish fighters in the battle to retake and islamic state stronghold. kurdish fighters are attacking singe are in northwest iraq. they every t

clients from american express to viacom to train their employees with work shops including data sciencemarketing, and weapon development. joining us now the c.e.o. good to see you. i think what you're doing is so interesting because so many companies are trying to sort of help workers adapt for a digital age. tell me about your unique approach. >> well, you know, most people know us really as an education to employment company on the student side. we educate people every year and get them placed into great jobs in the digital sector. >> finding individuals and helping people learn a thing they don't know how to do. >> absolutely. though i would say our programs are a lot more intense than anything online. they're 12 weeks, fully immersive. we have a placement rate for our students around 99% within 180 days of graduating. >> simply amazing. >> it's a lot of work and we put a lot of time and energy into everything from the curriculum to instructor training to making sure that the students have a great experience throughout the whole process. the whole philosophy is return on investment.

that's my view. >> viacom down 32%.hing to see earnings, as jim said. >> they have -- do they have cash? i shouldn't say a lot of cash. they used to buy back stock. >> they have some. >> xwrshcbs, where do you come there? >> better. >> content king? >> coined by the man who returns both of those companies, sumner redstone. >> cbs never recovered from the 10:30 a.m. lower the bombshell. >> bombshell. >> wasn't mediagetton. >> i parsed the disney number. geez, they really just forget the idea that seven people cut the cord and talk about big things. big, big, big. espn doing so well. espn doing so well. espn, bristol connecticut, they got -- >> i know it. i know it. you know hearst owns 20%. >> do we know that? >> i think it's 20. >> oh, god. >> i said once it's more. i think it's not. how did you remember? he remembers everything. >> i have to tell you, i thought disney's conference call -- >> nothing goes in that head that doesn't -- >> it was like a good movie. it was a good movie. wasn't bond. >> wasn't michael clayto

. >> i think one interesting ones next week is viacom. we had the time warner blowup the other day. media took a beating. had a nice run back to the point where stocks at viacom looked overbought. >> give you one more. >> yeah. >> cisco. everything internet related has been going up except this one. this is huge in the internet. look for its earnings. >> good stuff. have a great weekend. >> thank you. >> see you on the other side. all of you as well. "power" starts now. >>> happy friday and welcome to "power lunch," everybody. i'm mandy drury. my good friend, tyler mathisen, is off today but brian sullivan will be joining me live from dallas. so shares of transcanada are tanking today after president obama rejects the keystone pipeline. what now? and what does it all mean for oil and oil prices ahead? we're going to be asking these guys. brian is speaking with ceo of transfer energy partners kelsey warren, plus mark cuban and kyle bass. also with the stronger pace of hiring today,

wait until viacom's earnings until you can get on collateral damage weakness of disney. after the close we get results from nordstrom, this is the best of the broad line retailers and it's down 11% for the year which is unusual for the stock to be down at all because it's an amazing company. however, i'm not drawn to it unless it gets laid to waste in the wake of numbers from macy's then we hear from cisco. i can't believe the stock sells at 12 times earnings. chuck robbins has been taking no prisoners and making alliances that seem smart to me. my charitable trust owns it. the stock seems stalled here. finally we get to the end of the retail charnel house. the new ceo has his work cut out for him. i wish i could recommend j.c. penney at a juicy $8 stock but it's the same as j.c. penney's as any other retailer. bottom line, many stocks will be dinged by rate hikes but all is not lost, it will just be harder to find the stocks that will work. we'll still be fighting the fed and the fed can be a powerful enemy. it's too aggressive against the real turn in the economy that

you don't know where you are getting your programming from viacom and discovery, but you don't know it's their program, i was always a little bit baffled why the programmers do that, but you're just going to talk to your phone or your device and say this is what you want to watch and you pull it up and start watching it. you don't have to worry about pushing a button to record, you have access on demand, whether it be a 1930's movie or the latest sporting event. betty: you distribute content. would you ever go into creating content? charlie: i doubt it. we barely have time to get better, but no expertise. the only thing we ever created for content was the hold. -- was the charlie chat. i would sit and talk when i was ceo. it was a pretty bad show. that's the best we have ever done. betty: have you reinstituted that? charlie: the phone is not ringing off the hook. betty: this wraps up our conversation with dish tv founder and c.e.o. charlie ergen. i'm betty liu, thanks for watching "titans at the table." ♪ ♪ >> it clearly had an impact on the way people began to think about economic polic

you get program info from viacom or discovery but you don't know it is their programming.ays a little baffled why the programmers did that. you are but that cow is out of a the barn. you are just going to talk to your phone or device and say this is what i want to watch and it will pull it up. you and you are going to start watching it. you're not going to have to worry about pushing a button or recording something, or doing anything. you have access on demand. whether it is a 1930's movie or the latest sporting event. betty: you distribute content but would you ever go into and creating content? charlie: i doubt it. we barely have expertise to do what we are doing today. we are trying to get better, but we have no expertise on content. in the only thing we ever created was a charlie chat. i would sit and talk to our customers like this when i was ceo and it was a pretty bad show. that is the best we have ever done. betty: have you reinstituted that? charlie: i haven't. you the phone is not ringing off the hook to bring back the show. betty: that wraps up this special "tit

oversaw his medical care filed a lawsuit that calls into question his ability to run the board's of viacom and cbs. the suit lists a series of health issues, inability to seat other than brief grunted responses. the attorney calls the suit riddled with lies and invasion of his privacy. i'm dom chu. get all your business news on cnbc. >>> you may not realize this, but depending where you live in philadelphia, it may be against the law to have a live christmas tree. details coming up. come on in pop pop. happy birthday. i just had a heart attack... and now i have a choice. for her. for them. and him. a choice to take brilinta. a prescription for people who've been hospitalized for a heart attack. i take brilinta with a baby aspirin ...no more than 100 mg. as it affects how well it works. it's such an important thing to do to help protect against another heart attack. brilinta worked better than plavix. and even reduced the chances of dying from another one. don't stop taking brilinta without talking to doctor. since stopping it too soon increases your risk of clots in your stent, heart attac

big, big decline in filmed entertainment revenue and higher costs weighed on viacom's quarterlies.wner of mtv and comedy central also saying the strong dollar hurt its international business. class a shares rose, however, today more than 2% to 51.39. add advance auto parts to the list of companies blaming the strong greenback for disappointing results. the auto parts retailer cut its 2015 profit forecast after its numbers missed the mark. part of its lowered forecast can be blamed on costs related to its acquisition of general parts international. shares slid about 15 1/2%. that's a pretty big slide. at 164.64. >>> energizer holdings saw its earnings and revenue fall in its most recent quarter as it was hurt by the timing of holiday shipments and also currency headwinds. the battery maker also offering a weak outlook saying earnings for 2016 will be below consensus. shares tumbled 9% to 36.08. and according to a filing, united technologies has an accelerated share repurchase agreement with two banks to buy back $6 billion worth of its company shares. that's part of the company's la

the 92-year-old executive is the executive chairman and controlling shareholder of viacom and cbs. red stone's attorney calls the lawsuit baseless. >>> jooels's audi brand has suspended two engineers amid the emissions sand scandal. they said that the company is investigating whether some employees deliberately manipulated emission control devices. the executive did not give further details. >>> meanwhile, toyota outsold jooels for the fourth straight month in october and that keeps the japanese auto maker in the top spot for global sales this year. toyota's vehicle sales totaled more than $8.3 million from january through october, volkswagen delivered 8$8.2 milli million. >>> auto makers are hoping for a spike in sales, black friday quickly becoming as important to the auto industry as it is for general retailing. in fact, this weekend is expected to push the industry's sales rate to its highest point in year. phil lebeau has more on the models most in demand from lyle, illinois. >> reporter: the commercials have been everywhere this month. >> black friday has become one of the mo

ambulances for used to get patients year fought house officials said time his of the essence of viacom's treating the patient. "unclear that the patients were aboard the bus the crash or if they're outside the bus and got hit a hospital officials say they all have various injuries and were intended to as soon as the ambulances arrived that a lot of experience with the casualties is situations like this one. "this year is prepared this all the time so getting b's and his will train for. first >> pam: 0 you about the bus crash of breaking push where it and stay connected to the latest rate news with our mobile application is free to download the deputy mayor rance struggling to find words to this rather the courage of paris the death toll now for over 150 a night of terror attacks there and reaction coming in from all on the world. >> grant: changing minute by minute the violence started seven hours ago a bombing at a soccer stadium near the north of the city of the mets a gunman opened fire at a restaurant here in the eastern part of the city moments after that they stormed a nearby theat

you do not know -- you are getting programming from viacom and discovery, but you don't know it's theirng. and i am a little bit -- i was always a little bit baffled why the programmers did that. but that cow is out of the barn. so you are just going to go -- you are going to just talk to your phone or to your device and say, "this is what i want to watch," and it is just going to pull it up and you are going to start watching it. and you're not going to have to worry about pushing a button to record something. you're not going to have to worry about doing anything. it is just that you are going to have access really on demand to every video. betty: instantly. charlie: whether it is a 1930's movie or it'll be the latest sporting event. betty: so you distribute content, but would you ever go into creating content? charlie: i doubt it. we barely have expertise to do what we are doing today as a company. and we are trying to get better, but we have no expertise on content creation. the only thing we ever -- the only thing we ever created in content was a "charlie chat" show -- betty: that'

also out today viacom. a buck 65 a share down from 1.71 last year.of 92-year-old who still controls 80%. this report his long-time female companion is set to challenge red stone ability to run businesses and his children are involved in this as well. >> nicole: here is a look at the edition of wall street journal. microsoft tightness client's data protection and lego struggles to build up supplies just in time for the holidays. the toy maker will be unable to deliver coming from europe toy stories. >> cheryl: stop taking bets. >> listen to the your voters and say, look, they don't want fantasy sports to be taken from them. >> cheryl: we are going to have more on the latest threat to the fast-growing sports industry. time ran out in what could have been a winner. a shot at the buzzer, we will have details coming up. we go to break right now. all pointing to a slightly lower open. you're watching fbn:am this thursday, first look at morning markets and breaking news. ♪ ♪ ♪ (gasp) shark diving! xerox personalized employee portals help companies make bene

there are a couple of earnings, macy's, nordstrom, viacom, that are coming up. we have seen with the trends are in the early season so far. surprises, weg will see those companies own the gaps of what we have seen but not change. the earnings season has less than 50 days left. so we pretty much know the broad strokes. otherwise to me the big wildcard is m&a. here we are in the middle of the day, hearing about a potential railroad five. -- fight. thet of people wondering if energy sector m&a is really going to take up. you have to wonder what the clock ticking on the end of the year if there is a lot of deals in the part time that people are going to get done before the end of the year. that is a wildcard now. it could push us back to those new heights possibly. that would be a big takeover norfolk southern. we do not see a big macro reaction. that gives me back to the idea that people are pretty comfortable at the levels they are now. really watching the treasury yields, seeing how much higher yields than the dollar gets. david: thank you very much. up in the ne

you are not assuming they will automatically be there. , viacom and fox disney being pulled down, disney out with his earnings after trading tomorrow. cbs has been a standout today, down more than 1% even after third-quarter profits beat analyst estimates. thank you, julie. now let's get a check of the headlines. remy has more from the news desk. good afternoon. ramy: thanks. we begin with the latest on the russian passenger plane. recorderockpit voice from the airline, serious damage, information from the flight was successfully copied and headed out to investigators. it was serious mechanical damage . the british government said evidence may have been brought down by a bomb. its from mount sinai in lead precaution. experts are traveling to the area to check security before any reddish flight can be allowed in the eu. with little more than a year, signing the first primary, new hampshire's first primary hearing began today and martin o'malley was among the first in line. filed in thealso granite state. candidates needed to improve eligibility and pay $1000. the projected primary date is

it was -- it's one of those things where you say what's to viacom? you realize you thought that time warner, the statement, the way the release went, this is great, this is great, this is great. this is bad. but the only thing that mattered was the bad. like the one line in disney last time. i don't know, david. somebody's status might be in jeopardy. >> is jeff bukas no longer a great american? >> i think that everything's on the table. >> really? >> everything's on the table. >> wow. >> it got to combine with another company. you've got to do that. >> you think so? you're call frg a merger. you're not alone. they seem aspirational now. giving part of the power to resist that. not to mention fox trying to do is deal where a control company with stock. there were a lot of things that didn't go their way there. >> it's a great company. they do have good movies and they have these great margin. what you do is watch the fugitive over and over again. >> it was on last night. >> get out. was it really? >> right before bed. merchandise mart. the best scene

allegations calling into question whether the billionaire is still fit to control media company cbs and viacom's friday, november 27th, 2015. and squawk box begins right now. ♪ >> live from new york where business never sleeps, this is squawk box. >> good morning and welcome to squawk box on cnbc. joe and andrew are enjoying time off. our guest host is dana. >> thank you for having me. >> we have cameras at stores and malls across the country today. they're ready to give us a snapshot of the american consumer. we'll start with the ceo of toys "r" us live from his company's flag ship store in times square and the weather could be a big factor for the retail scene in many parts of the country today. forecasts are warning the weekend could be ugly for travellers trying to get home. more than 10 misdemeanor people are under winter storm ice

. >> viacom is another one. they've been hit harder than disney in terms of loss of subscribers. >> we're not seeing people somehow opt out of espn specifically. it's basically just saying, hey, we're not going to buy the bundle as much as we did before, and viacom is, of course, a little more advertising dependent in its cable networks than disney as they have the pricing power with fees. the cable networks revenue up 10% last year. even as subs went down for the core espn products. it seems to be they still have that pricing power. >> if we didn't get a ruling in new york state about fantasy sports and whether they can continue to operate in new york on wednesday, that is, for disney and for espn specifically, that was a big contributor to ad revenues. it was 118 million dollars in a month of september along with the lion's share of that dollar amount going to espn. what could the impact be if they cannot operate in one of the biggest markets? >> i view it as this very sudden ad windfall for espn that maybe we

it raises questions of his control over viacom and cbs.ver to you. >> thanks so much. >>> an annual white house tradition. the president pardoning the turkey. >> which actually sounds pretty good. if for some reason abe can't fulfill his duties to walk around and gobble all day, honest is in an undisclosed location ready to serve as tin totus line of succession. oh, boy. >> okay. that's funny. >> by the way, can i just -- i am going to publicly thank malia and sasha for once again standing here with me during the turkey pardon. [ applause ] they do this solely because it makes me feel good. not because they actually think that this is something i should be doing, and, you know, as you get older, you appreciate when you're kids just indulge you like this. so i'm very grateful. where was i? later today michelle, malia, sasha and i will take some of the less fortunate turkey brothers with us. they will have been packed and frozen, to help serve a thanksgiving meal to homeless veterans here in d.c., and it's a reminder -- [ applause ] it's a r

people are much more confident disney businesses will be around generationally than they are about viacoms. disney makes this favorable. only half is tv. that's more important. it's not a mean reversion of multiples. these have different durabilities. >> thank you for your analysis. more on disney throughout the hour as we get headlines from that conference call. turning to the other big story of the day, fallout over valeant. stock got tanking to the tune of 14%. at one point it was down more than 20%. it wasn't the only stock bill ackman owns that saw pressure today. he is feeling it from all sides. >> he is. it's hard to feel people aren't being scornful of bill ackman and pushing down his long positions as well as pushing up his famous long position or more likely, they lost confidence in pershing square's touch and say all these names must be a sell except for the short which it herbalife. you saw pressure on a number of names today. herbalife up. the only thing that was unchanged was monolese. there seemed to be a pershing square pushback in the market today. >> if reporting is on po

viacom is in the dull drums.ard from time warner now and they even said it might take a little bit longer for the markets to adapt to the new viewing habits. so yeah, netflix is still reigning supreme. >> this business is very cyclical. one minute this is hot and the next minute this is hot. >> now people are moving to the skinny bundles. they're no longer paying for the big bundle out there. you don't want to pay 40 or $50 for 200 channels you're not going to be watching. >> but see they could unbundle in the future. >> that's what they're doing. >> so it's not that viewers don't want to watch espn. that's what i'm trying to argue. it's that disney needs to work up a strategy to get viewers that want to pay for it to watch espn. they're doing something different though. i like that they're going to new fields. like for instance they're offering this new direct to consumer available disney life chnel in the u.k. skinny bundles. working with playstation view which is how other people being entertained these days o

we're watching viacom.gations by former girlfriend of the chairman about his mental acuity. nonetheless, perhaps some of stock. being into the the disney news is not helping. the other media stocks, 21st century fox, time warner, trading lower. disney, the shares have largely recovered from the slump that followed the earnings report at the end of the summer. that sparked a lot of concerns of cordpn and the idea cutters and the effect on disney's channel. this is a record high for the stock. it was coming up on a record close. on november 20, it came within one point 3% of the record close. looking at the decline, the backdrop is that the stock has recovered quite a bit from its low. ,rik: in perspective like that nonetheless the concerns remain. not a big of a drag as they once were on disney chairs. we turn to paul sweeney of bloomberg intelligence who covers disney and media. the loss they disclose of 3 million espn describe spurs -- subscribers. in percentage terms it is not that much. if netflix where

then we also have viacom out with a miss on earnings.e of a drop of growth in the cable business and also it failed to match the success of, what was it, what was the film they had last year that was so big, where the cars changing into robots? "age of extinction." stephanie: did you actually not get that, you? i am aelieve it or not, little too old. stephanie: i did not know you were to offer anything. [laughter] matt has to take a break. time for him to play halo while we get to the top five stories. >> the top five stories. liberty media creating three new tracking stocks, one for the braves, one for the sirius xm radio company, and one for live nation and the minority investment in viacom and time warner. he stated purpose is to give investors more choice and enable john malone to raise more capital in a targeted way while maintaining an optimal capital structure. optimalk, nobody does capital structure better than john malone. but do you believe in tracking stocks? scott: probably not really. if you go back in history, these o,tter

viacom cut from buy to hold. the shares are off by 3% today. >>> and constellation brands upgraded to outperform from market perform. that stock is up more than 40% this year. cheers to that. today it's up by 3.5%. ty? >> thank you very much. check on the bond market on the back of that two-year auction. rick santelli tracking the action at cme. hi, rick. >> hi, tyler. even though i gave it a "b" and there were aspects of it that were very strong, the intraday two-year doesn't show you a lot of action around 1:00 eastern. if you go to the other end of the curve, 30-year bond yields, well, not a lot of volatility, but they are hovering at the lows. a two-day chart reveals because we're hovering at friday's lows as well. but maybe the chart of the day on this trading floor, we touched 100 on the dollar index. you see it there. it was about a half hour or so before -- actually a little earlier, 11:30 eastern, the auction was at 1:00, because the auction really didn't have an influence on the dollar but why is it so

you don't graduate from stanford and work at viacom or discovery to build apps.s whole industry needs to reorient itself and invest heavily in great, must-watch programming and build the technology to actually, you know, go direct to the consumer and support that. remember, customer care, there is a 1-800-tnt or a turner, they need to build customer care and service operations that none of these companies have and it is really why we've continued to tell investors to buy netflix. it has been our favorite idea on the media space. we also love facebook, which just reported great numbers and you can see how the subscription and the advertise dollars are migrating to new players and away from the incumbent legacy players. >> we have to let you go. thank you rich greenfield. >> bob iger will be live on "closing bell" tomorrow. and the bottom line is he said time warn ser a read through disney which we'll be getting tomorrow after the bell. tim, where do you stand. >> disney is more diversified. time warner, the guidance overshadowed good numbers. so maybe disney has g

so did cbs, viacom, time warner. >> you could say it got unfairly pummeled. >> i'm not sure.re are real questions about content and advertising in this sector. absolutely. >> bob iger is going to be on "closing bell." >> i think espn has a special asset and i think sports is a special asset but i just think you're going to continue to have these uncertainties and that's going to cap the multiple. >> josh brown. jild o jild. >> i would own the stock and i would hope they say something that knox it down and i would buy more. >> i do own the stock. i still like the stock. i think it goes and tests some highs. when you look at the espn asset i think live sports, people just don't really understand what a demand there really is. >> i can't wait. it's going to be one of the most talked about earnings reports of the season. iger himself you will hear from him on "closing bell." for now, "power lunch" starts now. >>> indeed, it does, scott. thank you very much. welcome, everybody, to "power lunch." along with mandy drury, i'm tyler mathisen. big news out today on the state of housing

not at the moment things have to change a lot even the viacom lawyers would not let us but i do think you'll always have a connection. especial interest so that is on a lot of people's minds