viacom has's instruction sales.mpetitors that are lapping them on the race track. they don't have google or facebook. so even while users are growing on twitter, they are falling further and further behind the dominant forces in advertising. what does that tell you? in mobilee is a surge advertising. a shift away from life tv. live tv ratings on broadcast tv were down 13%, season to date. so you had a massive shift of eyeballs. they are starting to go to mobile. so whether it is the surgeon is or stock inbook snapchat. the secular trends towards advertising are encouraging. twitter is not facebook. look at the size of the company. a $9 billion enterprise company. they are benefiting from the same underlying trends. so i don't think this is an either-or. i think the sector is growing meaningfully and twitter will start getting part of their share as opposed to when they were getting wiped off the map, which isn't true. jonathan: i wonder what the value proposition is. company's lapping them around the racetrack -- in

abigail: viacom, discovery, and amc are eyeing new bought -- new bundles without sports.he story from los angeles. i am not much of a sports fan, but it is hard for me to imagine having some sort of bundle without sports. is this viable? >> it is something that has been talked about quite a lot. you hear people asking to be able to pick your own channels. between companies that tell you cable or satellite or companies that provide the networks printed -- prohibit that from happening. you to see the trend in the industry toward the pay-tv providers, comcast, dish, directv and so on, trying to offer smaller packages to prevent people from canceling cable or satellite altogether. right now they are mostly doing it with packages that have broadcast that recs and the companies that -- broadcast networks and the companies that -- discovery that are being left out of some of those packages because they are not deemed quite as essential. they have a lot of networks people want to watch and a lot of people do not care much about sports. ofre is a second set conversations happening

. >> i was interning at viacom when that show was at it height, crazy, see them in the elevators sometimes how did that go. >> i was never big fan of the show so it didn't matter to me. >> but you're a serious person, rahel. >> on the elevator with the situation. >> just a little collogen turn. >> did you bring them coffee? >> no. >> just kidding. >> katie? >> hey, we got to work our way up and do a lot of grub work, right. >> but can i work on a tan with the situation with this weather. >> first of all use spf of 30 or greater, as you always say, you eminate sunlight is that correct how you put it? >> he radiates sunlight like a care bear. >> so in your case you need spf even more than the average person. regardless today is a beautiful day. >> to answer your question, going on outside, overlook spring garden, intersection very cam. all of what three cars rolling through right now? very tranquil beginning to the day. beautiful view at that. that sun is going to come up in just about actually just under half hour from now. and when it does we're prom ills dollars pretty nice sunrise. notic

no one ended up like viacom.rsula: and there will be all kinds of, my goodness, we did not know some small thing here or there, but you will find that from this point forward, you will see two companies that could not operate as well as they are operating if they were together. ♪ ♪ charlie: do you think people know what xerox is? --absolutely. him --absolutely. him -- ursula: i -- absolutely. um, i don't believe people know what it could be. i think now -- i think that they think it is a company and the copy machine. we don't do a lot of -- nobody makes copies anymore. in but generally what xerox is or simply what it is is it takes many different forms of communications. the way that we generally still handle it, you handle it, i do, is on paper, but that is not the predominant way anymore, the way that is still the most easy to describe and easy to understand and manage. xerox's job is to take all of these forms of communication that come into a customer and to organize that, and to help them manage that in a se

speaker of the house paul ryan is in london, but he said taxes on the viacom alleged by the end of this year, 2017. within two at the speaker said about the chances of passing tax reform perhaps by the end of the summer, but definitely this year. >> this will be done in 2017. that is our timeline. in mystical or longer longer, we'll do that. reporter: advisors work with the house ways and means committee want the legislation is crafted. the chairman of the committee said hearings on tax reform will begin sometime in may paper rescheduling next week. one thing they have to address immediately when congress comes back is funding the u.s. government. we have the so-called debt ceiling at the end of next week and while both sides expect there to be a deal, the deal hasn't been completed just yet. here sean spicer talking about the continuing resolution. >> the priorities are very well known in terms of military and homeland security. i think to start negotiate in public is not a very prudent thing to do. >> tax reform and funding the government and the president the slowest congress display

fire, -- viacom, no one predicted it would end up the way it did. >> there will be all caps of thingse did not know or some small thing here or there, but you will find from this point forward, you will see two companies that could not operate as well as they are operating in their modes still together. ♪ ♪ charlie: do you think people know what xerox is? >> absolutely. i don't believe people know what it could be. charlie: what do you think they think it is? >> i think they think it is a copying and printing company. nobody makes copiers anymore. generally, with xerox is, or simply what it is, is it takes many different forms of to medications -- communications. the way we still handle it is on paper, but that is not the predominant way anymore. the way that is still the most easy to describe and understand and manage. it is xerox's job to take all these different forms of communication that come into a customer and to organize that and help them manage that in a secure and safe weight. it does not create the bits and bytes. it does not do a lot of manipulation or management. all the

. >> you know in my world the best performing stock in the first quarter was viacom. >> i know. to sell it to cbs which was unwilling to pay much of a premium at all. the stock was well beyond what cbs would have envisioned to pay -- >> that's your world, huh? >> the two companies get together. >> that's your world. mine is kirby's fourth world. >> if you had bought that stock when bob took over, you're very happy. >> viacom and cbs. remember, there's a scarceity value because of time warner buying back the stocks. >> i think a double grade. double grade. although time warner is trading well below the implied price of the deal. now that you mention that. >> by the way, guys, auto parts makers are leading the list of losers too. carmax, autozone. >> and there were positive notes and there were bad things said about the auto parts -- the auto parts stores. carmax, wow. being assassinated there. that's remember new and used. auto sales has a big buy back. i would not sell that down here. they come in at 10:00. they start buying you're going to look a little dumb if you keep selling

viacom ceo saying as it executes its strategy it is an opportunity to strengthen the viacom balance sheet on stars. since that acquisition it is another step for lionsgate to monetize non-core assets. having this cable channel fully owned by mgm. back to you. >> thank you. those shares a little weaker. anything you would add? >> exempt for the whole space is being rationalized in this way. it is not a surprise. >> what do you mean by rationalized? >> all of the kind of single, narrow cable programming networks are kind of seemingly all in playwrig right now as th gear up for the new distribution world. >> feels like everybody is preparing for the next phase. chinese president xi jinping has a tough attitude toward one of president trump's favorite pastimes. those details coming up with their meeting at maurm today. first how to trade like a trump staffer. a look at controversial names in their portfolio and whether you should be a buyer next. you have access to in-depth analysis, level 2 data, and a team of experienced traders ready to help you if you need it. ♪ ♪ it's like having the pow

the organization working with the south vietnamese -- we defeated the viacom. we won the war, the guerrilla war in south vietnam by 72. nobody knows it. secondly he sent out general abrams to be a deputy to focus in on the south the enemy's forces. we had bunker at the top level dealing with the political evolution of vietnam, kolmar dealing with the villages come all the cities. you would abrams working with south vietnamese forces, and wesley focusing on search and destroy missions. -- this -- these are declassified -- cables to johnson, which i asked doug pike to do of euros were passed away. you can read these weekly. the one thing that struck me afterwards if you read them, they're obviously written for an audience of one. these are official government documents going back to various people. bunker is writing these to his president. what he is pointing out to johnson, every week we are making progress. something's happened in political, economic, military. in this past week, the goods of closer to the day when the south vietnamese can take over and our for

do you say yourself to lowell or lowell to you, we need to own viacom, cbs, 21st haven'try fox, we need in this to make a go of it. >> i would say verizon's interest, they've shown it in acquiring us, acquiring yahoo! being in digital content and being a meaningful player there. if you look at all the statistics, content on top of these networks is important. what you've seen is us lean in to where the content is going. >> content is content, right? it's the means of distribution that people are trying to figure out. >> verizon brings massive distribution both with mobile and with cable at fios and now our distribution, reaching 1 billion people in the world is an important asset to have. once you layer in the content, there's a very big business to be built with high quality content and high quality advertising and subscriptions. >> do you need movies like a netflix or television shows that would be broadcast other directions? >> i don't think there's -- i don't think there's any doubt we will smartly expand our content portfolios overall. i think if you look at the assets we own, if y

viacom. >> cbs you like. >> i don't ignore come cast. i think steve burke has done a great job.hole notion of american content going global, wireless, mobility and data. cwhat is the risk to the capabl companies? >> 5 g. >> 5g is the speed. >> that's why there's this hissing over straight pad because they got licenses and it's only like $130 times 13 million shares, these guys are going to say this is b-front property. forget your property in new jersey there, how do we own the ability to have the super highways. then how does google get away with not paying a freight bill and next felix for use of the highway? there's a sign, trump pay x, passenger cars, y. these guys with getting the highway for free doesn't make sense. i use too much water i get a bill i cut back on my water. we have heat at 60 and air-conditioning at 80, so we pay less. isn't that what you do tyler? >> my house is cold. >> i warm you up. >> you do every time. >> those are the companies we like. we like the contend, connectivity and the cable guy haves a part of that for the time being. >>> disuponing gdp dat

discovery, viacom and amc networks in talks to create new online services without sports channels.ee tv would cost less than $20 a month. channels like espn 10 to be the most expensive in the pay-tv wreckage -- tend to be the most excessive in the pay-tv package. jon: what is to be without sports? -- tv without sports? alix: everything. david: espn doesn't want to think about it. jon: we look ahead to the french election. this time come extra uncertainty from a man that many bond investors have probably never heard up until a week ago. still with us from london them , yianos kontopoulos and jordan rochester. jean-luc melenchon. someone asked, does anybody know who he is? the answer was no. the french election has known him well. the market wasn't thinking this would be a four-way race. it was marine le pen versus macron, maybe fillon. now, jean-luc melenchon is a chance. that has a chance. he has a two-part plan. he wants to end austerity and leave nato and so forth. plan b, they leave the euro and start their own currency. the you see the same thing, the high risk candidate has tu

viacom owns half of epix, which is about 14 million subscribers, lion's gate has a 31% stake.he lead story in the "journal," ge still owns light bulbs? >> yeah. >> they tried to get out before. >> they tried, then doubled down on light bulbs in terms of building out the next generation one. >> that's when we got the fluorescent ones where -- >> the kind where if you drop one, it cracks -- >> in the hazmat suit. >> just to clean it up? brilliant. so they've done a lot at ge, right? still $29. i don't know what you need to do. still $29. tlaif do they've done a lot. better than $6, which is where it was. >> still not 60, where it was 18 yea years ago or whatever. >>> president trump and chinese president xi will be meeting later today at mar-a-lago , florida. that's where we find kayla tausche this morning. somewhat the winter white house is what people are talking about. that could set a different tone for the meetings today. >> reporter: yeah. hopefully a place where the two leaders can break the ice. mar-a-lago is fully cordoned off in advance of that visit that begins this a