viacom, cbs and respective tuesday for prioritizing the 3 interests of sumner redstone, the companies' 92-year-old executive chairman, over that of their shareholders. the suit, first reported by the hollywood reporter, states that viacom ceo philippe dauman, cbs ceo leslie moonves and other top executives "put their personal loyalty to mr. redstone... well ahead of their loyalty and respective fiduciary duties they owe and owed to viacom and/or cbs and their respective shareholders." the world is flooded with plastic garbage. there will be more plastic than fish in terms of weight in the world's oceans by 2050, the world economic forum warned tuesday. plastic has become one of the world's most popular materials, combining amazing functionality and very low production costs. its use has increased 20-fold in the past 50 years and is expected to double again in the next 20 years. 3 3 3 the time is now 5:xx. actor jamie foxx saves a man. what he did to help after the car accident. 3 tt2w`t2n`qd" bt@q#v( tt2w`t2n`qd" "a@q3zl tt2w`t2n`qd" bm@q8q@ tt4w`t2n`qd"" dztq 8@, tt4w`t2n`qd"" entq h

making their voices known to the board like we're doing with viacom.s for yahoo! share holders is coming up. >> eric, we'll catch up with you soon. >> thanks. >> media stocks by in large not doing great. viacom over the last one year down 47% relative to an s&p 500 that's down. >> coming up, jim cramer's view of the banks and morgan stanley. i'm val, the orange money retirement squirrel from voya. val from voya? yeah, val from voya. quick question, what are voya retirement squirrels doing in my house? we're putting away acorns. you know, to show the importance of saving for the future. so you're sort of like a spokes person? no, i'm more like a metaphor. okay, a spokes-metaphor. no, i'm... you're a spokes-metaphor. yeah. ok. see how voya can help you get organized at voya.com. [martha and mildred are good to. go. here's your invoice, ladies. a few stops later, and it looks like big ollie is on the mend. it might not seem that glamorous having an old pickup truck for an office... or filling your days looking down the south end of a heifer, but...i would

viacom. your most likely seeing what's known as the compression of the earnings and the price to earnings multiple at the same time. by. they're going to miss the earnings estimates and people will pay less for them because of that. does it have to happen? no. but let's take the cases of micro, western digital and seagate. all three of these companies are makers of commodity parts for all sorts of technologies but they're still regarded as place on personal computer growth and there is no growth. their end markets are in what we call decline. that's why the stocks are so hated. they're making acquisitions to become more than just personal computer components. they want to change their stripes but their diversification attempts aren't enticing any new buyers because the earnings estimates are coming down anyway. seagate is not doing all that much to reinvent itself but does have the 7% yield. don't get too excited though. that yield is too high to believe the dividend can be sustained if their

that would take down viacom as well. down 202 points, lisa.hese things matter to companies, stocks, boards. they don't want to look at the stock hammered by this market and then be questioned as to whether the ceo is getting paid too much. this could hurt many ceo's, right? >> that's right. what's interesting about the suit is you have a separate litigation where the discovery is happening quickly. it will move forward here. >> how about the fcc? could they go after the board for allowing. sumner redstone is signing the checks for the guys. not the checks but approving compensation, could the sec say you're allowing executive chairman, not nonexecutive chairman who may not be fit for the job? >> i think the sec is interested into statements like the proxy statement, and there is a proxy statement allegation in the complaint. it's not bad, it's somewhat limited in scope. >> if they say he's with it and he's not, they got a problem. >> that's right. >> one other quickly. she's representing michael kramer, the restructuring guy who's suing joe pi

criticizing viacom for many different things. criticisms have been out there for some time. the 100-page report goes into great detail calling the company a creatively bankrupt company. talking about its board and saying they're overpaid, and a lackey board. and going on to talk about a bloated cost structure. in a case like this, of course, given it is a controlled company, sumner redstone controls 80% of national music which controls viacom and cbs, unlikely you get this public broadside. mr. jackson's firm, by the way -- he doesn't disclose how much viacom he owns -- very small. exceedingly so. a vocal opponent, if you will, of marissa mayer at yahoo! and talked about that many times. he appeared earlier on our air. all of the criticisms, of course, that he mentions -- as many people to a certain extent had in the media sector come back to the underperformance of viacom stock. >> over ten years the stock has done nothing. it's been far outpaced by cbs as well as the s&p 500 as well as all the media peers. even though in the la

discovery and viacom, the two few remaining names of the nasdaq 100 up for the year.hannel, good to see you again. thanks. >> thank you, carl. you have a good weekend. >> an interesting tidbit to be the default search engine on ios devices. a billion dollars a year. this came the lawsuit between oracle and dwoogle or oracle suing over the intellectual property. it's interesting because it's exactly the amount analysts at mccart estimate in 2012 that payment was. what's more, they estimated that apple gets two-thirds of that search revenue so google was taking in 1.3 billion total off of search and giving apple a billion was their estimate. a number of reports might be missing that there are a lot more iphone on the market than there were three years ago. depending on the terms of the deal, google could be paying apple more than a billion today. we're not likely to get any more clarity on this though because apple and google both pushed a judge to have that billion dollar number pulled from the public record. neither company is going to comment on it, guys. >> a lot mo

as for viacom it's used as the ultimate bet against prox. it has all the entertainment that you can shift, slice, dice and cut the cord from. it's an equivalent of the media companies. except viacom makes a ton of money and it's run by tons of people. plus the company paying you in almost 4% yield while you wait for them to figure things out but they also have a lot of debt and no must watch now programming. funny how they are these days. disney has sports but people dob don't like that. this one has no sports and it's hated anyway. it's trading like a newspaper company. a wasting asset. i think it's better than that. but that's not enough to make me one look at time warner. rallied almost 5% today tells you again, don't give up the ship, at least not at these levels. finally there's bed, bath and beyond. bbby. what a hard to value company this is. on one hand it generates a huge amount of cash and shrunk it's share count from 254 million to 165 million. but on the other hand everything they sell you can buy on amazon for less money. so the

. >> media giant viacom slashing compensation for the ceo. this as the company faces increased pressure from shareholders. it's thursday, january 21st, 2016 and worldwide exchange begins right now. ♪ >>> good morning and welcome to worldwide exchange on cnbc. >> i'm wilfred frost. another day. another wild market ride. let's bring you up to speed on the overnight action in asia. we're staring at losses for the main ones. stocks posted early gains but quickly reversed course in afternoon trade. the shanghai composite touching the lowest level since december 2014. the hang seng dropping to a three year low. you can see the moves across the board there. we also saw japan move down as well. shanghai pumped money into the financial system ahead of next month's lunar new year holiday. offering more than $60 billion worth of loans to commercial lenders today. if you look at this week's net cash injection it's the largest number in four years. that's into the money markets and not the stock markets. in japan stocks were up nearly 2% at the highs of t

sumner redstone, chairman of viacom and cbs, was ordered by a judge on mental exam to determine his competency. people who want to help flint, michigan, cope with its water crisis are flocking to 3 water crisis are flocking to go fund me to create campaigns and donate money. more than 5,000 donors had given over campaigns by saturdayay 3 3 3 the time is now 5:xx. one n-f-l team is getting some bad news. the bubble that burst frustrated with your overactive bladder medicine not working? can't handle the side effects? botox treats symptoms of leaking, going too often, and the strong sudden need to go. ask your urologist if botox can help calm your bladder and reduce your daily leakage episodes. the effects of botox may spread hours to weeks after injection, causing serious symptoms. alert your doctor right away as difficulty swallowing, speaking, breathing, eye problems, loss of bladder control or muscle weakness can be a sign of a life-threatening condition. don't take botox if you can't empty your bladder on your own or have a urinary tract infection, or uti. side effects may include allergic

viacom ceo does not have to testify in the legal battle over redstone's mental health.orney for redstone's former girlfriend issued a subpoena asking that he make himself available for a deposition but the new york state supreme court said they need proof as to why his testimony is necessary. viacom had a boost yesterday in yesterday's market because of a letter sent by eric jackson that doesn't have a huge position in the stock but did outline several points of how they could change and unlock value including redstone stepping down. >> one of the few up in trade today. now a tennis story for you yesterday and another one today. venus williams has been fined $5,000 for failing to show up to a post match press conference. this is her second violation in a year. she and her sister were bog fined in 2010 for missing a press conference in wimbledon. this is only the 8th time since 200 a female has been fined. >> i didn't even know you could get fined for that. mcdonald's will start selling chocolate covered french fries in japan. the fries will be available january 26th acr

i like tlt. >> i like viacom. i think it is going higher. giddy and up. >> guys, thank you. >> always the man. >> very nice. >> clap the man. >> clap him out. >> clap him out. >> that is it. enough. i'm simon hobbs. catch "fast money" again at 5:00 eastern. "mad money" with jim cramer, thankfully, begins now. >> my mission is simple, to make you money. i'm here to level the playing field for all investors. there's always a bull market somewhere and i promise to help you find it. "mad money" starts now. >> hey i'm cramer. welcome to mad money, welcome to cramerica. my job is not just to entertain but to teach, coach and put it in context. call me at 1-800-747-cnbc or tweet me @jimcramer. how do you dip your toe in? how do you go against the selling grain

viacom will dispute shareholder proposal but the vote will test sentiment. the stock is down 40% over the last 12 months. back over to you. >> thank you. revving up customizing luxury cars. bob lutz and former fisker ceo unveiling their new flagship super car. we'll take you for a ride when "power lunch" returns in two minutes on cnbc. at ally bank no branches equals great rates. it's a fact. kind of like reunions equal blatant lying. the company is actually doing really well on, on social media. oh that's interesting. i - i started social media. oh! it was my...baby. go to ziprecruiter.com and post your job to over one hundred of the web's leading job boards with a single click. then simply select the best candidates from one easy to review list. and now you can use zip recruiter for free. go to ziprecruiter.com. >>> welcome back to "power lunch." rick santelli live on the floor of the cme. big jobs report, not necessarily a huge response in the marketplace. however, let's look at the intraday of tens. they sit at 95 basis points. unchanged on the day. down

claiming that the chairman of cbs and viacom is incapacitated. judge said a doctor hired by her zer could examine him for one hour in the presence of his nurse and speech therapist. sumner redstone's attorney released a statement saying that we are gratified that they discredit his attempted to depose mr. redstone. we have reached out to her zer's attorneys and have not gotten a comment back yet. but certainly a win for her camp today. back over to you. >> julia, thanks. >>> and shifting gears now. take a listen to what the starbucks ceo howard schultz said to jim cramer this morning on cnbc. >> give us the magnitude of how much more stock you are buying back here than you were a year ago? >> we think the stock is undervalued relative to creating long-term value for shareholders so we will -- at these levels, we'll back the truck up and buy as much stock as we can. be very thoughtful and disciplined about it. but the stock is undervalued relative to our performance and the long-term view we have about the world. we're opening 500 new stores a yea

you do not know -- you are getting programming from viacom and discovery, but you don't know it's theirgramming. i am a little bit -- i was always a little baffled why the programmers did that. but that cow is out of the barn. so you are just going to go -- you will 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 on demand to every video. betty: instantly. charlie: whether it is a 1930's movie or 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 where i would sit here and talk to our cu

split, theyand cbs thought that viacom was the growth. what went wrong at viacom?, i can't tell you. when i look at something like fox, their powers and viewership, how does that company turn the page? barry: ok. so? we also have empire. challenges.out the next 10 years will bring more challenges than the last 10 years. the last 10 years were not that interesting. so the next 10 years will have real changes. but with the fact that it is now no longer a totally -- system, changes are going to happen. that is opportunity for some. stephanie: why weren't there big changes? 10 years ago, you watched must-see tv on thursday night but now -- barry: there were no fundamental changes. cable viewership was essentially steady. so nothing galvanizing happened. -- untilard the word recently because there was no alternative. what happened is, when you can get video through an alternative distribution system, the buttont, where you as a -- when you think of it in miracle terms -- you press a button, there is no different no distance between you and the consumer. it was just comi

viacom is the top performer here at the nasdaq today after the new york times or did that an investorrgeting the company. viacom is up this year, one of the few, and outperforming the composite index nicely but over the last year, shares are down sharply. or than 30%. some sources are saying that jackson is seeking a management shakeup and a move into digital to boost the stock. another share trading higher is tesla. it has been identified as the for 2016, saying shares could outperform nicely if the fundamentals remain intact. that includes hitting delivery targets. earlier this year, it said it offers four 2015 but they are low-end. we are seeing volatility and investors are wondering whether they can turn a cash flow positive. alix: thank you so much, that was abigail doolittle. apple, sharesn to have tumbled nearly 12% in the last month. an analyst at goldman sachs says the pullback is python to purchase the stock. scarlet: let's bring in cory johnson. this is a case of apple traditionally giving conservative guidance and people have followed all of the supply chain checks to conc

they started in the portfolio along with viacom.hen i got rid of the three stocks, i replaced them with l brands. i bought that yesterday. then today i bought because of unusual activity, office depots, odp as well as oracle which i said i replaced apple with oracle. why did i do it? unusual activity as well. i got short term unusual activity in there. i can't trade options in the portfolio. i wanted to trade these. >> look, they were -- >> they were both down pretty hard. >> so you could have bought oracle based on its unusual activity. that's fine. but why get rid of apple to do so? are you just not a believer anymore in where this stock can go? >> well, i got rid of it a little over $104 this morning before the news broke about the 30% cutback. i think things got at least 100 if not 100 written on it now. that's why i'm happy to be out of that one even though i believe long term in the stock and if i held for long term, i can write options against it which i've done for clients. but i can't do that in this portfolio. i said adios

. >> media giant viacom slashing compensation for the ceo. this as the company faces increased pressure from shareholders. it's thursday, january 21st, 2016 and worldwide exchange begins right now. ♪

leading the nasdaq 100 on reports that you may see some activists investor moves to shake up viacom'sge escap. the small caps are lower. really because of biotech. once again today. saw biotech start higher, and then slipping into the red despite upgrades and the likes for general. i don't know what is up today with buy from neutral or rock capital with the target at $555. investors still a little leary about those biotechs. meantime, china's fourth quarter gdp growth may have come in lower than expected. >> add apple to the list of those in donald trump's line of fire. john harwood is in washington to explain. john. >> shemts to disrupt american business, too. most recently over the weekend with these comments suspecting. she wants to change apple's global supply chain that has many of the tech giants being manufactured in china. >> instead of in other countries. >> the production in mexico going after starbucks for its holiday season coffee cups. if you want bright side for american business, some political jurors, including -- john lewis who compares donald trump to george wallace.

consol energy's, viacom also participating in buying in media. on the downside, we have some of the retailers doing poorly. gas -- gap coming out with results worse than estimates in terms of sales, holiday sales, particularly for old navy. kohl's following along with it and seagate suffering from a down. today along with competitor western digital. lookingo surprise here, at the commodity close in a few minutes, we'll is having a big influence on the market. julie: this is a chart we've been looking at a lot over the past few months. as a will in the s&p 500. it's hard to tell where one leaves and the other begins. we'll is the a line, the s&p is the aligned. the movements are very much in tandem today says the correlation between them has been on the rise. oil prices if you look at the week, we are talking about a very weak start to the year, now down 10.72%. barrel dip below $33 a earlier today as what's going on in china weighs on it. something adjusting, david. we got the weekly oil rig numbers about an hour ago. they actually showed a decre

viacom also announcing that the bonus of ceo philippe dauman has also declined. for now, back to you. >> seema, thanks. there were trouble reports about redstone's health and whatnot. what happens now? >> there's no doubt that he's obviously receded from the business, whatever his status is day-to-day in terms of actually monitoring the business. also, this company had been accused of overpaying its top management for a while now. this seems a little bit of the gamesmanship, or at least the optics of the board wanting to say let's not fall into that when we don't have to. >> big questions. up next, we'll hear from a fund manager and whether he sees opportunity in any of those economies. plus, more on this wild market day and what could be in store tomorrow. stay tuned. metimes they just dr. 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. that's why i switched from u-verse to xfinity. now i can download my dvr recordings and take

viacom is one of those name. by the way it was hitting again today.those names that have been consistent. viab. they have been coming after options in here quite some time now. we've had three hits just in the last two and a half weeks. a lot of aguessing buying there. another one for you as well, a name we never talk about on the desk. men's warehouse. really, really active option activity in there as well. coming after and looking for even more upside there. mostly february options. >> i think we brought it up when joseph abboud was here grading your outfit. >> and i was wearing one of his ties. >> along with the others. no wonder you forgot about the appearance. i don't think his critique was all that good. >> southwest energy is one that joe just brought up a little while ago. it's one of those names. i'm not a big fan of the energy space but a i don't believe the way joe is that we've hit a bottom. shoot, last night we are trading $29 again. i think we are in the middle space. ovx in the mid 60s. when they continue to call the onside calls in the

we should have gone to sell on discovery and viacom back in june of 14 when we took them off our buyt. i think if you look at disney, we just think that's the one stock that really hasn't cratered the way the rest of the sector has kralterred. i think if you take a more negative view of the entire traditional media, the legacy media sector, i think if you didn't have that negative view, it probably would be a lot more difficult to be as bullish as we are on netflix. we just think that there's a value transfer from traditional companies to netflix, amazon, hulu. >> premier of house of cards, and that's in april when they reported in april. that's when the street kind of got caught off sides with netflix. that's when the reverse really took off and had the momentum in 2015. i think the potential is there for it to happen again. >> are they going to look back at what's happening last year and the expectations up a little bit. >> you still -- you don't even own it anymore. do you? >> no, i don't. >> what's a positive sign i guess, judge, is that there is so much fear. rich spoke to it in

. >> we saw mention of netflix in the report on viacom from spring owl. they said it was a bad deal to license doria the explorer to netflix. you're trading an entire generation to go to netflix instead of going to nickelodeon, but that aside, mike, the company is spending a lot on content. they're trying to get the whole world on netflix or at least turn the switch o every single country by the end of this year. it has grand am businesses, but in the near term there are still obstacl obstacles. >> there are. i think there cannot be a hiccup in international user growth for the stock to actually weather very well. you the other thing is what john just said i think gets to a larger question of netflix's specialness, right? is it just -- am i just going to go for streaming, or is netflix indispensable as netflix. that's why the company is so focused on original content, having that one must have show. i think i see a secondary issue potentially with the domestic story, which is you can sort of see it ahead to a time when netflix is a less consumer friendly

before i let you go, i want to get you on the record on a stock you own, viacom.s -- >> it's 99 pages. i have it here if you want to read it. >> do you agree with him that fi the ceo needs to go as he points out how dramatically that company has underperformed? >> there's a lot of opportunities. right now content is important. i think you're going to get a player, alibaba or one of those to buy into this area. another chinese company just bought an american film company. i have a great currency in paramount and they can monetize that. i think they will do quite well. my favorites are time warner, twx, and cnbbs. >> i love you but you didn't answer my question. >> i didn't want to. i don't think it's appropriate. i think felipe is flexible and can do the right thing. the right thing is to get on content, get some currency with regards to paramount and eric mentioned i was recommending that he partner up with alibaba. >> okay. it's good to have you here. >> privilege is mine. >> mario gabelli for us. >> last thought. >> high yield credit, we're going to stay that co

viacom is down.re happy to sell, but in these kacases, the upside is mo. >> penny stocks, devon's been around a long time, inquisitive, and a great name in the past. surprised to see 25 down from 80. a survivor. >> for sure. shocked the prices are beat up like this. >> david, thank you. >> thanks a lot. >>> intel touting the move from the slowing pc chip market as global sales drop to levels not seen since 2007. a closer look how hp and lenova handle the downtown. we're down 2 points. back in a moment. >>> time now for today's aflac trivia question. which war based video game sold 5.6 million copies in the u.k. and usa alone within 24 hours of going on sale? the answer when cnbc's "squawk box" continues. ohh ah ah aflac! aaaaf-lac! ta-daa! he's not a very good magician. he paid my claim in just one day. one day?! shh! how does he do it? in just one day, we process, approve and pay. one day pay, only from aflac. >>> now the answer to today's question. which war based video game sold 5.6 million copies

viacom, a program we can cut easily. disney, espn, we can't.re is time werner in the equation. >> tnt. that said, turner has had some issues without a doubt. >> hbo is the key asset. >> it doesn't mean the dollar y. if you were to look at the end of 2014 until around the end of november of 2015, dollar yen was pretty much not going anywhere and solid as a rock. as a matter of fact, the last day in november was around 123. from december 1st to today, that chart looks like a ski slope. it makes sense. we look at dollar one and dollar yen. >> carl, back to you. >> we are keeping our eye on oil is prices. >> we are seeing volatility in oil prices coming off the session low of 32.10. technically speaking, lower highs and lower lows indicating that this could affect. any time we see nervousness in the market impacting, it is an issue. something to keep an eye on is the dollar. on the supply side, everyone is continuing to pump. the product is out there. i want to switch gears and talk about the metals. some interesting action. gold reaching a nine-we

viacom executive will undergo an exam by a doctor hired by his exgirlfriend.ccording to her spokesperson, part of a lawsuit over redstone's mental capacity. a judge has scheduled a february 9th hearing on a motion by bill cosby's lawyers to toss out an defamation lawsuit by janice did inson, while the hearing is pending on a dismissal motion. >>> they are closing the well necessary center in paloalto after deficients at the lab that pose immediate jeopardy to patient health and safety. a story meg terrell has been following closely for us. i'll turn it back to you and see you tomorrow. >> thank you very much. >> oil rallying after the energy minister said saudi arabia posed production cuts, how that could impact oil prices is straight ahead. plus, we'll explain why the oil sell-off has everybody in canada talking about the soaring cost of cauliflour, we'll be right back. it's hard to find time to keep up on my shows. that's why i switched from u-verse to xfinity. now i can download my dvr recordings and take them anywhere. ready or not, here i come! (whispers)

it was amazing -- cbs, viacom, they don't have that great international story to tell.oes. you could say the u.s. peaked. this reminds me of when yyo youe companies -- remember when gap stores moved to japan. we all got exciteded. this plays much better than american clothes. vf corp, when they first started, pfh, calvin klein. this is like that. we are not right to be able to say if u.s. is peaking, therefore we should sell it. what we should say is it plays overseas. netflix is a hard stock to value. you can't value it on earnings basis, that cash flow number i'm sure you didn't like. >> no, but it gets a pass on that while it continues to grow subscribers at such an incredible rate. we mentioned ibm before the bell, looking at it now. down about 6.5%, shares of ibm. warren buffett can't be particularly happy with his large investment there. >> they're buying back stock. >> currency will impact full year '16 by 1.3 billion. and last year the big investment shifting about $5 billion to her key areas of cloud, cognitive, analytics, watson, they have done aggressive adve

activist investor eric jackson pressuring media giant viacom to make changes to the leadership and undertakeush into digital offerings to boost the stock price. the stock higher by 4%. free port rose 5.7% in the free market as copper prices around the world gained on the heelsst chinese data that was in line with expectations. however, that stock has now reversed its gains falling 8.5%. incredibly tough year. and shares of yahoo jumping after a report from bare yonz say the stock could gain 35% if it sells its core business. brian? >> if your kid brings home a c in math, you might actually be happy if you thought that he or she was going to get a d. after all, they beat expectations. pretty much sums up the state of bank earnings right now. but does that make any of the banks worth your money? the director of research at ubs, morgan stanley wasn't terrible. are any of the banks really on that solid of footing right now? >> yeah. i think that's the issue right now. that's why we have seen the stocks act the way that we have. i mean at this point, there is only one of the bullish investment ba

viacom killing it by the way. >> should that be any surprise?pple had a strikeout on earnings and netflix had a strike outand facebook we thought maybe that could be the savior. before the massive gain off earnings, mafacebook was down, amazon, down 9% and mike crow soft down 7%. we'll get earnings tonight and following the conference calls and trading comments off the comments at fast money at 5:00. these will be keys here into the next new month. >> very interesting that stock market rallied so hard along with oil, even though if the production cuts are true, it doesn't solve necessarily the demand side of the equation. >> if you're worried about the global economy suddenly and that's what we've been talking about for the last few weeks, even if opec cuts, that doesn't mean demand picks up in the world. >> demand has been a little higher year over year. >> generally speaking if you're worried about a recession at this point, then cutting production doesn't take away or offset that. >> i think it makes it worse. >> we're talking a little bit ab

a california judge ruling that viacom executive chairman can be examined by a doctor hired by the mediaart of a legal dispute about his mental competency. >>> i like to talk about the gossip. >> i think maybe the girlfriend should be checked for mental competency. >> iran says it will buy 114 airbus planes to revitalize its fleet, the first major commercial deal announced since the lifting of sanctions under its nuclear agreement. >>> sun edison gives hedge fund green light capital a board seat according to the "wall street journal." >>> this officially is for me. twitter ceo jack dorsey making moves and some high-profile executives leaving. julia boorstin has more on the twitter upheaval. julia. >> it's certainly the first -- the biggest management shakeup since jack dorsey's return as ceo last july. comes as twitter shares hitting a new low last week. dorsey tweeting about the departure of four top executives saying i am sad to announce that they've chosen to leave the company. the loss of the vp of engineering, vp of resources, head of media and twitter's product chief leaving a majo

viacom bought it. >> charles: when bet started, you know, a lot of the things that were on tv were goode network won't show you in a dignified way. >> stacey: you have hollywood, elite liberal is ridiculous, they have black movies and movies. >> charles: i think they're the most phoneyest from the planet. anticonservative, anticonstitution and be afraid of all of these people, we have your back. >> stacey: that's right. it's the plantation mentality. >> charles: real quick because i was supposed to wrap up a long time. [laughter] >> charles: are you going to pay them back that money? >> stacey: no. >> charles: he was the one who discovered while he was a writer in the original x-files the actor that went onto wow us and, of course, everyone is talking about the reboot of the x-files this weekend. a great guest because he's got the great stories and tells them in a special way. don't go away. ♪ approaching medicare eligibility? you may think you can put off checking out your medicare options until you're sixty-five, but now is a good time to get the ball rolling. keep in mind, medicare o

>> the other thing, is viacom worth 15, 16 billion? questions being asked about the valuation. one of the things that markets may have gone wrong, the hedge fund managers see value in the linear tv companies whose stock has been not time warner. rupert didn't make an offer for time warner. it is now underwater for that price even on an unjust basis given the fox -- back in play. you see big ships. there's one other thing interesting. there were a few people starting to say because the problems of measurability, robot and things like that, the automated viewing, maybe traditional media offers better value than we think. so the interesting thing in the margin. maria: good to see you. mark 10 sorrell, we will be right back. the only way to get better is to challenge yourself, and that's what we're doing at xfinity. we are challenging ourselves to improve every aspect of your experience. and this includes our commitment to being on time. every time. that's why if we're ever late for an appointment, we'll credit your account $20. it's our p

viacom saying it's going to cut the compensation of redstone. company saying that redstone earned $2 million for the physical year that ended in september. that is down as he became ineligible for a bonus which was to be $10 million. that's what he got in 2014. they won't say whether this was the decision by the board which has been underfire for lax oversight of its executive pay. of course reports that he has been quite ill for sometime. disney delaying the release of the next star wars movie. moving it to december 2017 from may of 2017. the good news for analyst who is are trying to do some of the numbers last night is that it's still going to be in calendar year 2017. they'll capture the last quarter of the year and potentially between december 15th and christmas they'll still try to get as many people in the door and get those numbers in and then finally the east coast as joe was saying preparing for the first major snowstorm of 2016. 50 million people from virginia to massachusetts bracing for blizzard-like conditions so we have that going

sumner redstone, chairman of viacom and cbs, was ordered by a judge on mental exam to determine his competency. people who want to help flint, michigan, cope with its water crisis are