if you ask the ceo of viacom who was recently appointed the chairman of viacom after sumner stepped downbruary, he would say that sumner is as good as ever. everything is great. talk to him all the time about sports and the business, etc.. if you ask everybody else, they will tell you that sumner cannot speak very well. is not particularly coherent at the moment. and is not making his own decisions. i think that is one of the things the trial was going to determine, if he is competent to make his own decisions. emily: how would you describe the feeling within viacom about philippe dillmann's performance and if he should be in the job. objectiveet's look at measures, let's look at the stock price. in the last year, viacom is down 40% to 50%. in 2015 it was the worst-performing stock in the s&p media index. the rewards that he got for the million, --with $54 was including $17 million $54 million, of payment for a three-year contract. i think when you see the ceo who is on the top floor of the executive building in times square and does not mingle with the rank and file in viacom's offices,

dish network and viacom have reached an agreement on new payment terms that will keep viacom channelsuch as comedy central and nickelodeon on the satellite tv. the agreement picks up where the last seven-year contract left off. it has about 14 million u.s. subscribers. that is your business flash update. is using insights gleaned from its web store to build a private label, juggernaut. why would it take a best-selling item and make it its own? our guest joins us by a skype in seattle. i love this story. set the scene for us. tell us what's going on. >> the story started and we got a look at a report done by a company. they help merchants sell on different platforms, including amazon. others being ebay, newegg and such. so, they took a closer look at amazon basics, which is amazon's batteries,hings like cables for electronics. it's growing to include a broader assortment. is essentially how amazon is using its position in the marketplace, like an online bazaar where lots of merchants sell their goods, and then cleaning their insights from the search engine to figure out which products

guys. >> julia, viacom stock up about 2% recently.ems as if the market is trying to sniff out the idea that maybe it won't be so dire for viacom which people have feared a while back. >> just yesterday, viacom's shares were down 8%. things turned around during the comments from charlie ergen during a conference call. he said they hope they reach a deal and hope not to have the channels go dark. i think that speaks to a greater issue. what's going on right now in the media business. both sides are feeling pressure from cord-cutting. and distributors. content is so widely available that distributors just don't want to overpay. >> julia, we know smaller networks have dropped viacom. it's interesting is it worth for viacom to stay available everywhere or hold the line going forward? >> some of the smaller carriers did drop viacom which is worth noting. but dish, 14 million subscribers, this is not a small player. there is this issue of whether if viacom accepts lower prices they might have to lower their fees from other carriers which wou

. >> and while you are talking, viacom and dish have renewed the carriage pact in a multi year deal,nd some viacom deals will be carried via sling tv, and as soon as we get the details on that, we will bring them to you. >>> finally, "time" magazine releasing the influential list. mark zuckerberg, and a cover, and other tech names making the list, tim cook, and san ddar picci, and i thought it was light, but more on politicians and entertainers. >> yes, it is wone to talk abou for so long, because we talk about the facebook, but if you take a step back and you think about these young parents, entrepreneurs and the multi billionaires who have decided to use the wealth, and convert it early into influence. and what type of influence they decide to have on the global stage, and health care, and influencing education is going to have enormous implications. >> so great to see it celebrated. remember, when they announced it, it was going to be skepticism and for-profit companies, and donation, and all of the quibbling about it, and it is celebrated for what it is, and it is in part a burge

viacom and dish, viacom shares down sharply in part on concerns as of midnight last night, the viacom network, comedy central, nickelodeon, would no longer be on dish, they would be blacked out. yesterday a conference call on which the ceo of dish made comments that were more positive saying last week i would say my impression was i didn't see a path with viacom. i think the tone on both sides for viacom and dish has been more productive through the weekend and this week so there actually probably is a pathway to continue carriage. i can tell you this morning, they are very close to a deal. you may see that deal see the light of today by the end of he can retrade a deal 100 times in ten minutes iffy he wants to try but if viacom is successful, as does appear to be the case in signing up dish for another long-term agreement, it will have signed up over the last year at&t direct, charter, viacom, mediacom. it will have those networks on all the imagine platforms. now, whether or not they can get the ratings to justify the advertising, whether or not they'll have has many eyeballs watch

obly, the defl is in the details. >> this turnaround to the viacom stock after viacom stock tumbled 18%heoff on the e negotations. consumers can access the content in other places, and scott, we will continue to monitor the situation. >> i know you will. >> i like viacom, because there was like ly or not likely to sel paramount, and so i am better lucky than cheap. and now, the carriage here is k acrimonious, and the same thing when they were went through it last year, but the commentary is thattergen said yesterday or in the past that viacom's properties are not as valuable, and that is going to give me paus pause, and i think that viacom is troubled company and fairly v valued and you need a new ceo to move them more into the immediate digital generation. >> and now sh, the stocks are a near high. and now, 10-year is at the highest level since april 1st, and it makes me wonder as we are continuing, guys to, push back to the all-time high for both the dow and the s&p, and if the fed raises rates in june, is that what ends this rally? ultimately? >> well, it is certainly could -- >> the

earnings-related for what it may mean to viacom and dish's numbers going forward.ark: we are slowly pulling back from the lows of the day. earlier, we were down 1.0%. performers upbest 1.5%. they were the worst performance they were the worst performers of 2016. phone operators continuing to curb network investments and pushed to software and services failing to boost growth. it is trying to sell more tv and cloud software to cope with increasing competition from the likes of technologies and nokia. we will hear more from the ceo this hour. become a big day from pernell. of whiskey saying third-quarter sales were in line . why are the shares lower? sales in china unexpectedly splayed. --slid. signaled a gradual recovery. diagio up by 3%. century fox, 12 -- sales rose 12%. more people, betty, are signing up to watch shows on "game of "sons of anarchy." thrones?"to "game of betty: i don't want to be because once i start, i will not be able to stop. mark: i am with you, betty. i can say the it for my retirement. [laughter] let's check in on bloomberg first word news.

dish network and viacom have reached an agreement on payment terms that will keep the viacom channelsn the satellite service. the agreement picks up where the last seven-year contract picks off and avoid they blackout on the dish network which has 14 million u.s. subscribers. scarlet: consumer confidence fell last week. it decreased to 42.9 and it was at 42.6 a week ago. tracy: attitudes about the current economy led the drop. household improvements led the futures for a three month high. a federal judge says there is an agreement involving volkswagen and u.s. claims over the pollution crisis. there are options including one in which the w would buy back their cars. volkswagen would spend at least $10 million on the settlement. the justice is giving the two parties until june to agree. that is your business flash update. scarlet: let's head over to the markets desk where julie hyman will unveil the mystery stock. julie: a mystery no longer. she didn't even need the clues. the major lights of the hedge fund world are getting burned -- it is con edison which filed for bankruptcy today.

sending viacom shares up 8%, dish shares are up 1.5%. both companies coming out swinging. viacom telling subscribers we are extremely dish is not engaged in a serious way to reach an agreement. this is on par for the course for dish which was deliberately derailed ten renewal negotiations since last year. dish firing back that viacom is asking for hundreds of millions of dollars in increases despite the changing landscape that includes drastically reduced viewing of viacom channels. if no deal is struck in the next day viacom channels could go dark at the end of the day tomorrow. guys. >> that includes comedy central, mtv, nickelodeon is that that might be the big one. >> at your household. >>> netflix sharply lower as well. which is interesting because we're talking about how they're disrupting this traditional space. there's concerns over subscriber growth at netflix especially on the international side. >> yes, well, it was really the subscriber projections for the second quarter that sent the stock lower. coming in despite the fact t

you can't go to viacom.you were a consume product companies have to go to facebook if they want to get the word out. don't forget, facebook's integrated ads are actually liked. we're going too do fast load. >> facebook is the dominant platform in this world. this idea it will be the first place a lot of people go to consume media is a key consideration. it's got to be for the likes of viacom and everybody else. we're still dealing with the question of the bundle falling apart, though they did that dish deal last week and viacom up dramatically when they announced that new deal with dish. >> there's a moment when you go through the facebook hall where they talk about facebook live and they say anchors on tv sometimes get more viewers than they do on tv, facebook live. if they can curate questions on facebook live, it would be interactive tv. that's what they want to do, interactive tv. >> and viacom is not interactive. >> and they don't even have to pay a lot for it. they're not paying much for the content --

can you do without viacom?you need mtv, nickalodeon, b.e.t. >> the argument is failure to reinvest in those franchises has caused long-term problems. kind of what they're saying about yahoo today. >> i got so much to say about yahoo. >> the section of the company's troubles on the front page of "the washington post" saying all that. >> we can talk hours about yahoo and we typically have. there are a couple things pat comes out with 40, 49, obviously there's bidding. i thought it was interesting these guys remember when she came back and talked about the boomeran boomerangs? a boomerang is a boomerang because the number of people that they're firing, i mean, they're very proud that they only -- well, they obviously feel badly for firing people, but down 22% in head count year over year, down 42% since 2012. you know, a lot of times -- they have this maifens mobile video native social that slowed dramatically. >> the growth in it slowed dramatically. 390 million versus 365 million. last time we had her on in an i

a big posture change your on viacom from often nathanson. that's one of the biggest rags.se is weighing on the nasdaq? abigail: the nasdaq 100, after deutsche bank's rob sandler issued cautious comments, saying he expects the stock to trade down to the company's first-quarter report on april 20, but they are suggesting the company could infect fact missed slightly, this will pressure shares. from a technical standpoint, this is running through right now today. the stock is below near-term moving average, the 10 day moving average. the last few times this is happened, the stock declined anywhere from 5% to 23%. we could see more downside, long-term, he really likes facebook. rating, this is the tactical bearish call on the near term for facebook, betty. betty: abigail, thank you. let's check in now on bloomberg first word news with ramy inocencio has more from the news desk. y: the kremlin reacted harshly linking vladimir putin to offshore transactions. lease files from a panamanian law firm reportedly show at transactionsion in involving people and companies with ties to v

the same goes for viacom, espn, disney, and so forth. peter: if they did not want sports channels, with their costs go down? bob: it is very collocated. -- obligated. -- complicated. what complicates it is the requirements established by the programming networks themselves. they do not allow us to break up the bundle. fox and all of requiretworks, they that they be carried on the most widely distributed level of service. so does everyone else. is thisend up with bundle of bundles that everyone has to take. as an operator, i would love to diss aggregate that bundle and sell it to people as they wish. of course most consumers do not recognize if that happened, the price of the individual channels or the bundle of channels is going to skyrocket. those companies have to make their targets for revenue, or they cannot pay for the content. everyone uses espn as an example. espn was a six dollar a month for customer channel. if you made it available ala c arte and half of the people took it, it would be $12 a month. if a quarter of the people to

missing is viacom's felipe doman. viacom's revenue wasn't enough to put it in the top 100. ceos who took home even more as their shareholders lost ground include those at alcoa, emerson, and whirlpool. star bucks ceo howard schultz took a 6% pay cut even as the coffee chain's total return rose over 50%. and as he usually does berkshire's want buffett was last on the list, pay under half a million, small change for a billionaire. for "nightly business report" i'm mary thompson. >>> xerox saw profits fall 85% this past quarter. that's where we begin tonight's "market focus." the cost of breaking the company into two was a big drag on earnings. along with a decline in printer and copier sales. the company also cited foreign currency head winds. shares of the company fell sharp he down more than 13% to $9.68. valiant pharmaceuticals has a new ceo, joseph papa, who until recently served as ceo of peridot, a company known for selling over-the-counter drugs, is shifting to valiant after helming peridot over a decade. valiant shares were initially higher but slipped to close at 35.

and those are people like netflix, viacom, cbs, google and so forth, all those edge providers. my gate is regulated by the open internet or by network neutrality. the gate that's controlled by the network -- by the edge providers is totally unregulated. they are free to block, throttle, redirect or demand paid prioritization. so it's definitely a tilted playing field, and my concern is that edge providers are going to start to cablize the internet. that was the callization of the internet is a phrase coined by a new york times reporter that envisions a time when edge providers come to the isp and demand payment, otherwise their content will be unavailable to those consumers. and that's already happened. it's happened in exchange for cash, and it's happened as leverage in negotiations. and i'm just afraid that when a really big edge providers gets ahold of that concept like a facebook, that they can add dollars of cost to every single internet subscriber over which they have no control and for content in which they have no interest. >> host: bob gessner, we've talked about some

shares of viacom fell more than 7% to 39.06. dish network rose to 47.32. >>> monday's record rainfall in the houston area caused widespread flooding that pretty much brought the city to a standstill. local businesses from retail stores to restaurants to big oil companies were forced to shut, potentially costing hundreds of millions in lost sales and in repairs. but what will the total economic impact be for that south texas region? evan gold, senior vice president at weather advisory firm planalytics analyzes the economic impact of weather. good to have you with us. what kind of total price tag are you forecasting here? >> tyler, it's a very active and fluid situation. even though the rains have come, calming down, it is still several days before we'll get a total cost. we're estimating so far about $200 million. a lot of that is simply due to the thing yoults discussed -- lost productivity, travel plans that won't be made up, then the day-to-day activity of people going out to restaurants that won't be made up because you're no

shares of viacom up on the day as you see there. and so were dish network. >> i think you've had too much robusta. >>> unioner and lift are at it again. this time it's taking business away from the car rental industry. according to the expense management company certify, the ride-sharing companies account for 43% of receipts that workers gave to employers for ground transportation last quarter. while rental cars only had 40%. joining us now to discuss the shakeup in this industry is bob nevu, ceo and founding with certify, nice to have you here, welcome. >> thanks for having me on the show. >> you know -- kind of quantify the impact that these types of services are having. has it been a steady erosion? or have we seen it really pick up recently? >> it has been a steady sort of gradual increase in market share for uber and lift in the ride-handling environment. we do this report every quarter. over the last five quarters we've seen a consistent increase in market share where unioner and lift have overtaken the taxi industry first, th

viacom seeking to increase the subscriber fees.ack lew had planned to put susan b anthony on the $10 according to an internal memo sent to president obama last year. the secretary decides to get feedback from the public and there was plenty. break up the big banks. that's what we've heard from bernie sanders. ,isa: according to sheila bair investors have the final say over which large banks should shrink. she made the case for the banks living wills. >> we could use some more transparency. the fed put a lot more information this time around -- it's important to understand there were two different processes to deal with the feeling large financial institution, one is titled two, a government run bankruptcy process. we are ready to use that if we have to. title i, what the living wills are about, requiring these theytutions to show can go through a traditional bankruptcy process without disrupting the economy. david: explain why there are two agencies involved. different rulings came up from the two agencies. sheila: it's because of

we're talking about viacom, the future of viacom.v on its own with, which is clearly a diminished brand for what it is, do you think it's actually going to give it a little bit of kick in its step? >> you know, look, i'm a wall street guy. i'm not going to make a hard call on the programming and what it's going to develop. i think they need more excitement under the brand. the key to the stock is bigger picture. they renewed their distribution deal with dish. they have a stake in the par mount studio up for sale. that's great. the icing on the cake is some excitement under the brand. it is intriguinging you see a l of things from the pop klture from the '80s and '90s becoming popular on netflix. >> as a guy sitting with a spread sheet, it does zero for you. >> yeah. mtv is not the biggest network. it's smaller than comedy central. it would be nice to see it work. but i'm not going to change -- >> it does nothing for the ability to make itself more attractive in all of its channels to other cable or satellite providers. >> when you sa

that appears to be what is happening and viacom shares are off by 8%. had a lot of earnings news as well worth highlighting. johnson and johnson rising after that company's earnings beat estimates largely on the strength of its pharmaceutical business, now overtaking medical devices in terms of divisions. united also coming out with earnings at beast at -- beat estimates. also on the earnings front today, goldman sachs. goldman sachs, interesting day here. the shares initially were lower out of the gate. earnings beat estimates revenue. but like we have seen, because isdman is cost-cutting, it being rewarded at least today in terms of how the shares are performing. just a roundup of some of the other companies we have heard from. kansas city southern beating estimates, shares higher by 5%. harley davidson did not raise its full-year forecast for shipments of motorcycles. and full of morris also down after earnings missed estimates as cigarette volumes were down. only get busier from here. buckle up. betty: thank you. julie hyman at the market desk. that

suggesting that sellers could just push shares of viacom lower. betty, what do you have? betty: we are learning more about the potential buyers for yahoo!. verizon and google are among the possible suitors. they are saying is anyone really that interested in the company? joining me know is paul sweeney. who broke therman story force. alex, let's start with you. yahoo! assets are valuable? paul: verizon bought aol. yahoo! and aol shared similar businesses. they have problematic advertising technology. the come with a large digital reach. betty: why would they want the objective paul: verizon's plan is to marry data with users. they have 100 million subscribers through wireless environ, you can take the digital data that you get from the users of aol and yahoo!, and marry that with this advertising technology that uses algorithms to show digital advertising, and that was a mobile video product which, her verizon has already introduced, that seems to be the plan, because her businesses are so similar, you can reduce a lot of cost. there is synergy with verizon that you might

viacom shares up high about 1.6%.n saying that if an agreement is not reached by mid-night wednesday dish will take viacom's channels off the air. judging from the stock reaction yesterday that is seen as worse news for viacom versus dish which did not move much. if you look at dish today, making a little bit of a move on headlines but not much. 1.7%. dishet: i guest subscribers are not clamoring -- julie: or they assume viacom will blink versed. first. these things are becoming routine, disputes between carriers and content providers. scarlet: let's go with headlines to first word news this afternoon. mark: next tuesday shaping up to be a crucial day for senator bernie sanders after losing to democratic front runner hillary clinton in yesterday's new york primary. the sanders campaign is pointing to five primaries april 26. aides say he will decide what to do after that. mrs. clinton's victory makes her march to the nomination all but unstoppable. the senate has approved a wide-ranging energy bill. the vote was 85-12

viacom, the worst percentage performer this week for the nasdaq 100, down 8%.r this week, downgraded to a neutral from a b uy. they're also technical challenges. therzer trading back below 50 day moving average, suggesting we could see the sellers continue to pressure shares of viacom. so farviacom down 6% this year. sticking with the markets, earnings season adding underway next week. for companieshare in the s&p 500 could fall almost 10% year over year. that is the sharpest decline a fourth straight quarter of contraction. u.s. banks will be one of the most closely watched groups led by jpmorgan, bank of america, wells fargo, and citigroup. is not going to be a good earning session -- season. >> no. when you consider what you showed people in the chart, it's worse now a week later than it was when the chart was put together. analysts looking for a 10% drop, based on estimates for individual companies. the difference this time around as opposed to the last three quarters, it's not just energy this time. you take energy out of the equation, you are still lookin

i like the backhanded, went that viacom gave this deal -- backhanded compliment that viacom gave thisreamworks put out two movies a year. paramount, we put out 15 and it validates our valuation as we are looking to sell part of paramount. he is giving jeff katzenberg a little slap, but at the same time, taking the best out of it. mark: are we going to see more shrek movies? that is the big question. betty: probably. mark: how many are there, four? betty: i am sure i have seen all of them. let's check in on the broader markets and how we are trading. we are pretty much make, turning it -- pretty much mixed. abigail doolittle has more from the nasdaq. one of the biggest are fallingx shares after they offered a fiscal year 2017 earnings you that fell short of estimates. consensus called for growth of about 9%. bloomberg intelligence analysts say this looks like their strategy to ramp up investments and he says that some analysts are questioning the time of this, saying it could signal a competitive threat from intel. they are saying to by the weakness, that has taken the shares of xilinx

if an agreement is not reached by tonight, dish will take viacom channels off the air. two companies are involved in a dispute, faced with the loss of viewers internet services such as netflix, cable programmers are seeking to increase the subscriber fees they get from pay-tv distributors, and that includes dish. cfo of monster worldwide. he is replacing -- who spent five years with the companies. than a quarter of their value since the beginning of the year. and more than 50% in the last year. first-quarter numbers released on may 5. and that is your business flash update. the events out of delhi are still fresh in people's mind. -- and is on the uptick the team over at what a jew miss is debating what is going on at the oil markets. joining us is joe weisenthal, cohost of "what'd you miss?" joe: we continue to see this big rally. the big surprises the failure of the dough hot talks. there is another surprise in the fact that oil didn't fall earlier in the week. we didn't attribute this kuwait strike. that is providing more buoyancy to oil. confusing things. the signal

viacom's kerry channeling the while talks with dish know groups breakdown. viacom more insidious programming may go dark for dish customers as early as tomorrow. united health will leave most affordable care act markets. the health insurer pulling out of 34 state exchanges this year. it's having a hard time making money because it's instability with obamacare. lauren: a big night for donald trump and hillary clinton as they take to new york primary and chalk up more gains in the delegate count. >> thank you. [cheers and applause] you now, today is the day you prove once again there is no place like home. >> will look at what drove new yorkers to the polls enough so that they think the next gop nominee should be. you are watching "fbn:am," your first look upon a market and breaking news. ♪ it's more than a network. it's how you stay connected. with centurylink as your trusted technology partner, you get an industry leading broadband network and cloud and hosting services. centurylink. your link to what's next. nicole: is 5:15 a.m. in new york as a skater caug

this has been a long drawn out case having implications for both viacom and cbs.nd it would not be surprising if there is a settlement in this 11th hour ahead of the big deposition scheduled for today. back over to you. >>> and up next it's not just the nfl with streaming news. chris albrecht the ceo of starz will join us as the company announce as standalone streaming app. >>> live shot of the w40ushite house. the president said to make a statement on tax inversions in about 45 minutes. >>> when we come back, starz is going mobile. today they announced a direct to consumer app for apple and an stroid droid droid. the ceo will be here. don't go anywhere. android. the ceo will be here. don't go anywhere. >>> good morning. here is your cnbc news update. an obama administration official says iran will not be given access to the u.s. financial system as part of the sanctions relief granted under the land mark nuclear deal. u.s. under secretary of state thom as thomas shannon making that comment earlier this morning. >>> donald trump getting in some last minute campaig

viacom saw an increase this pay as the term total shareholr declined. his pay cut by $2 million despite a good performance by the house of mouse. who got the least? whole foods took home a buck. for "nightly business report," i'm mary thompson. >>> coming up, think small. very, very small. why the u.s. finds itself in the throws of a b boom in tiny houses. >>> the first vaccine candidate for the zika should be available in september. the impact of the impact of the zika virus is wider and funding is needed. >> we're going full blast by drawing money from other areas. that's how we started. the money that's been transported from ebola accounts will help bring us further but still not what we want. we needed $1.9 billion. >> officials say the type of mosquito in which the virus is carried is present in more states than first thought. >>> united health care will not offer any health plans on georgia's state health exchange next year. it's the only insurer that's notified the state of the the plan not to participate. you might recall last month we told you

. >> and in the state of the negotiations with dish networks viacom is saying that they are extremelyisappointed that dish is not engaged in a serious way to reach an agreement for the viacom's number one family of cable networks including nickelodeon and comedy central going on. they say it is par for the course for dish which has derailed ten renewal negotiations since last year. we have reached out to dish for comment, but not heard back from them, but it syndicating that things are coming to the head with vie come and dish, and vie come is looking for higher payments, but dish not wanting to pay more, so a battle between two media giants. more "halftime report" coming up after the break. every year, the amount of data your enterprise uses goes up. smart devices are up. cloud is up. analytics is up. seems like everything is up except your budget. introducing comcast business enterprise solutions. with a different kind of network that delivers the bandwidth you need without the high cost. because you can't build the business of tomorrow on the network of yesterday. because you can't

dish network and viacom.he embraemeagreement avoided at of programming on dish sending vie acom shares surging. verizon still said to be the leading contender to buy yahoo. yp which owns the digital assets of what used to be called the yellow pages has also been mentioned. >>> 247,000 americans filed first-time claims for unemployment benefits last week. while that might at first sound like a routine economic number, it's the lowest in 42.5 years going all the way back to november 1973. it was a banner quarter for auto maker general motors whose sales and profits vastly exceeded wall street expectations. gm's sales mix had a greater percentage of suvs, crossovers and pickup trucks which have higher profit margins than passenger cars. i am susan li. get all your business news on cnbc. >>> now your nbc10 first alert weather. >> good saturday morning. i am meteorologist kathryn steinle -- karen thomas. we have mild temperatures for sure. lehigh valley 63 degrees. it's 60 in the pennsylvania suburbs. 62 the offic

today is a day that dish's deal with viacom expires. shares were up at 47.42. >>> tupperware is reporting better than expected earnings this morning. the company saw continued issues with the strong dollar, but raised its full year earnings guidance. shares of the company fell more than 4% to 51.91. >>> quellcom reported earnings above analysts expectations. it cited stronger receivenue. shares up to 52 point 09 and traded higher in after hours trading. >>> we looked at how the pharmace industry is fighting the zika virus. tonight in the final piece of our report we look at how to control the bug that spreads zika. >> reporter: the mosquito that carries the zika virus is not a new threat in the united states. ideal for one of man's imate is worst enemies, the mosquito. >> reporter: for decades the mosquito has been a known carrier of multiple diseases. it's a battle experts say we can win, but we must start taking more seriously. >> mosquito control has been successful in the past. >> reporter: the best tools, pesticides, vigilance and

interesting "journal" story today on viacom and its former chairman, sumner redstone and his health.ationship between philippe dauman and mr. redstone. indicating something we talked about here a number of times, which is the inability of mr. redstone to fully communicate. the story itself seeming to indicate whether he was in favor of against the recent efforts by the company to raise outside capital to put a valuation on paramount. those efforts are continuing. people familiar with the situation tell me they're looking for an investment that could top as much as $1 billions that would have the effect of giving paramount itself a value of roughly $5 billion, spending most of their time looking in china for that investment. the story itself, shining light yet again on the health of mr. redstone, his ability to communicate his desires or whether or not he's truly competent. on that note i should mention reuters -- i have no idea if this is accurate -- saying talks to settle a lawsuit regarding his competency that were brought by his ex-girlfriend have stalled. that is a reuters story

viacom content on sling tv's direct to consumer's skinny bundles. dish shares are up not quite as much, but analysts say this could help dish grow sling-tv's subscriber for the skinny bundles. the fact these two sides did strike a deal did protect the tv bundle for a bit longer. mike and kelly, back over to you. >> and now to general motors earnings beat. phil lebeau has the story there. hey, phil. >> hi, guys, the story about general motors is one they had better than expected numbers on both of top an bottom line. take a look at what they earned 1.26 per share. well above consensus, revenue also stronger than expected coming in at $37.3 billion, where is the earnings power for general motors? it's all about north america, as well as china. north america, the company made 2.3 billion. in china they made a $18 million. in both instances, it's a matter of heavier demand when it comes to the high profit, trucks, suvs and crossovers, that's why they're raking in record profits. in fact they did have record profits in the first quarter here in the u.s.

on the deal, it makes these channels available, shares of a viacom rose, the biggest single gain sincet does it for this edition of "bloomberg west." secureworks tomorrow goes public, we will have the ceo mike cote. ♪ announcer: pain pills, and listen doctor visits, even surgery. if you or anyone you know have tried these to relieve yourself of fact discovered only to suffer from debilitating back pain, stay

resolving their differences over a fee dispute over which dish network subscribers would be able to carry viacom content. sharplywhich had fallen , rebounding by 12%. lisa: thank you so much, julie. the dollar is gaining. let's check on the bloomberg first word news this afternoon. prince isc legend dead. his publicist says he was found at his home in suburban minneapolis. he was widely acclaimed as one of the most innovative musicians of his era with hits including "little red corvette," "let's go cry."" and "when doves fans gathered in the rain outside his house. prince was just 57 years old. a former ambassador and congressman who sat on the 9/11 commission is urging the release of 28 pages that have been kept secret. he says the public should be allowed access to the material which reportedly focuses on saudi arabia's possible role in the attacks that killed thousands. the investigation did not discover any role by senior high level saudi government officials. homicides in the nations's 25 largest cities surged last year with killings in baltimore, illinois andcago, washington, d.c. accounti

charter, which will be a pretty big player now, cannot discourage programmers, companies such as viacoming to online video services that may compete. on the other bucket, the other side of the equation, the federal communications commission and justice department together said that charter cannot do things like impose data caps. you put both together and it is videonet plus for online company such as netflix. emily: as netflix responded? what exactly does it mean for them? >> i haven't heard from them yet. they were early in on this and many months ago said that they backed this merger. one opponent of the deal, the dish network, best known as a satellite network, also has an online video network called sling. they were among the leading skeptics. i have not heard from them today. it is not clear what the online providers are saying, but it is clear that the regulators feel this will clear the way for their service, or make sure the delay is not blocked. emily: what does this mean for the future of cable providers. comcast is still in the lead, but it's business model is under threat wi

the flipside, we have a viacom shares after the company expected a loss for this year. , victors appears to be a source of this problem here. domino's pizza goes way below estimates. international will make our audio equipment missing estimates. so, we have a lot to sift through. betty: we did not even get to what happened in japan. when theamazing date bank of japan is an afterthought because there's so much other news. japanndeed, the bank of did not move to increase a stimulus and that economy. heard the banks say they wanted to bring time to the markets. it was only a slight majority of economists who were expecting the bank of japan to do something, this was really welcomed by the markets as a something of a surprise, you saw here the dollar fall with the yen increasing by 2.5%. ready big movement there. we also saw a movement and japanese stocks as well. is settingdecision the tone here to start of today's session. sending the stoxx 600 down. where one third of 1% lower. to industry groups arriving on the stoxx 600. a basic resources tracking metal higher. oil and gas tracking high

on the deal, it makes these , shares of alable viacom rose, the biggest single gain since 2008.es it for this edition of "bloomberg west." secureworks tomorrow goes public, we will have the ceo. ♪ ♪ >> from our studios in new york city, this is "charlie rose." >> good evening, i am al hunt, filling in for charlie rose, who was on assignment. we will take a look at last night's primaries. donald trump got control, beating out john kasich and ted cruz. trump won nearly 65% of the vote, capturing around 90 of the 95 delegates. clinton one over 63% of the vote. the margin of victory letter to