ultimately, we are in a place, look at viacom, people went after the perceived weakest plays.here was some commentary in the ranks that some distributors and losses were greater in the regional areas. so they're pushing around those names. but is this a time to say actually these guys will be put out of business. few look at over the top is 13, 14% growth year over year, that's fine. if you look at the value plays within the media space. cbs is certainly one of them. that's how you shop here. >> huh will you, amazon, netflix, they aren't the amazon, but the amazon to the retailers? >> well, i this i they're affecting them. i don't think they are killing them. >> i don't think they slaughter them, to tim's point earlier saying as well there is pressure on them, no doubt about it. >> yes. >> but there are other ways, when you look at disney, they're a multifaceted type of -- when you look at the different streams of how they generate their money. disney, it's not teflon. it's off the 52-week highs. >> i think disney is the one to own. as far as the value space, i'm not stepping

. >> to another group, the media stocks, they did recover slightly, shares of viacom, century, discovery, down as a result of cord cutting ahead of important earnings calls next week. julia. >> the providers had their worst core ever raising concerns about media stocks and those concerns were fueled more by time warner and viacom showing advertising declines sparking questions whether higher ad rates can outweigh ratings declines and cord cutting. disney projecting a 3% decline on earnings in comparison to a year ago third quarter. in espn's layoffs, they're looking into concerns of cord cutting and the record breaking run at the studio like beauty and the beast there is a run likely to continue this weekend, guardians of the galaxy film 2. it brought in $17 million last night the highest of the year on track to gross as much as $150 million the domestic box office this weekend making it the second biggest hoping behind disney's beauty and the beast. internationally it already grossed $167 million. the film shows marvel's ability to turn unfamiliar characters into a massive franchise. an

viacom reported 1% drop in advertising for the quarter. at the millekin conference on wednesday, les moonves was bullish, saying cbs and its content are everywhere, from its own cbs all access service to skinny bundles and over the top streaming services like hulu's new bundle which launched this week. >> we think it's the wave of the future. you have to be everywhere, no matter how you want to get your content, we'll be there for you. >> reporter: with disney reporting earnings on tuesday and fox on wednesday, we'll see if those media giants can reassure investors. for "nightly business report," i'm julia boorstin in los angeles. >>> the media industry isn't the only one going through a transformation. so is retail. 2017 is on track to be a record setting year for bankruptcy filings and store closings. but if consumers are by many measures spending, why are the retailers hurting so much? courtney reagan explains. >> reporter: retail may be at a tipping point. more shopping is shifting online in general, and to amazon specifically, which i

those concerns were then fueled more by time warner's turn irand viacom showing average highs in declinestriking questions about whether higher ad rates will outweigh rating declines and cord cutting. now investors are looking ahead to disney, which reports tuesday afternoon. analysts projecting a 3% decline in revenue and 5% per share on tough comparisons a year ago quarter. on the heels of espn layoffs, investors are looking into insight into disney media network divisions in light of concerns about cord cutting and the impact of disney's record-breaking run at the studio, most recently with "beauty and the beast," there is a run that continues with a debut "garduardia"guardians of " the film is on track to gross as much as $150 million at the domestic box office this weekend, which makes it the second biggest opening behind disney's "beauty and the beast." internationally the film grossed $167 million t. film shows marvel's ability to turn unfamiliar characters into a massive franchise. due to analyst michael moore says she positive on both disney's film studio and its parks division.

viacom sales fell, operating profit down 60% year on year.ia is tracking action on a day where the early price action, julia, was stunning. >> that's right, carl. concerns about advertising and cord cutting have been weighing on media stocks. time warner earnings sparking concerns. they reported a 2% drop in advertising revenue, the weakest in years, raising red flags for the rest of the media industry that ad pricing and growth may not be enough to offset ratings declines. viacom reported a 1% decline in ad revenue. the ceo acknowledged softness in subscriber numbers. he addressed the threat of sku y skinny bundles. saying some of the most popular channels are included in the most expensive tier. as they posted a study saying they posted third wofrrst first quarter ever. if you account for additions from skinny bundles, the pay tv business still lost half a million subscribers. >> it's not that these customers are going to virtual over the top players. those guys were weak, too. the content category was also down by about a percent and a hal

those concerns were then fueled more by time warner's turner and viacom showing advertising declines. sparking questions about whether higher ad rates will be able to outweigh ratings declines and cord cutting. now investors are looking ahead to disney which reports tuesday afternoon. analysts projecting a 3% decline in revenue and nearly 5% decline in earnings per share on tough comparisons to the year ago quarter. on the heels of espn layoffs investors are looking for insight into disney's media networks division in light of concerns about cord cutting. and the impact of disney's record-breaking run at the studio, most recently with "beauty at the beast," there's a run that's likely to continue this weekend with debut of "guardians of the galaxy volume 2." the film brought in $17 million here in the u.s. last night. that's the highest preview gross of the year. and the film's on track to gross as much as $150 million at the domestic box office this weekend which would make it the year's second-biggest opening behind disney's "beauty and the beast." internationally the film has alrea

more on viacom coming up. the oil market is closing today so we have to head over to jackie at the commodity desk. >> it was a volatile day back and forth we ended a hair higher, $47.44. oil for the week was up more than 3%, for the month it was down roughly 10%. all eyes on the big opec meeting, that's thursday the 25th of tomato see whether they're going to ek tine these cuts, go deeper or back off of them, they haven't had the effect othey wanted to keep that price over 50. back over to you guys. >> thank you very much jackie. big jump today for wynn resorts it's up three% or so. i spoke with steve wynn yesterday on fast money he says la las vegas is enjoying robust -- >> that sense of optimism among people, not done just businessmen but my customers who are people who are able to afford the better thing in life, much more positive. >> right. >> and we felt it was -- it happened right away in november. >>> all right well you're next guest may have the single best pulse of the consumer of any company in amer

we have to go over viacom earnings.e have a bunch of things to hit. >> i could use a faber report. >> arconic, give you one on that. one of your favorites. >> i'm the only person who's not been invited to the board. i want that board invite. what is that? short shrift. >> we elle a get to -- we'll get to tesla down on the wider than expected loss and elon musk looking to clear up the confusion on the different model letters. we have to get to square. pretty good week for jack dorsey. the oil is lowest in five months and productivity was pretty pumped. "squawk on the street" continues in a moment. i like russo. his on/off splits are the best here. yeah, but his offensive win shares didn't even break 4. come on, check out that stop-and-pop! what do you think? my trade-off analytics indicate no one creates more space on offense. this allows him to nail a jumper from a densely populated urban area. what you're trying to say is from way downtown? i am still learning. i can see that. hthis bad boy is a mobile trading desk so

slope found the viacom-- vietcong fighter frustrating. the monk was even more cooperative. quote you know i've never seen one in the monk replied in astonishment when the monk was asked about an ink blot that resembled a vagina. his conclusions based on the interview quote the vietcong member was less directly addressed he stared into space and his expression was flat and he never reached out where he spotted. the only time he came alive when was telling of his exploits. as soon as this past he would lapse back into lethargic apathy with the pattern i'm convinced was lifelong and not precipitated by imprisonment. just remind you this interview is going on in prison. slope was not interested in vietnamese politics any quiz to be spent about the parents, dreams and sex lives or lack thereof. he decided after the interviews that the problem with the vietnamese people was not the thousand years of foreign domination including french-- colonialism and contemporary american intervention, but the root of the problem was there troubled family structure. but it's back up a bit. ther

this time from viacom in some way.h it doesn't appear to me they have a robust enough group of their own networks to populate their own ott offering. but that's where we are these days. everybody wants to come up with them, either be a part of ones that are put together or even create their own. for its part, cbs, for example, all access has about a million and a half viewers for that digital service. >> and in tv news, "game of thrones" final season, six episodes. a bummer. >> just six episodes? >> yeah. >> it starts this summer right? >> i don't know. >> july or something. >> just got word of that. they're looking into other -- >> there's -- july 16th or something like that "house of cards" is next week on netflix. >> that's a tough one to compete with reality people are saying. guys, we have been talking about the dominance of big cap tech. i thought i'd highlight this chart that came from bank of america merrill lynch this week. you might criticize it because it looks at the size of the tech companies relative to g

meantime, viacom is fighting back against the so-called cord cutters. the media unite working on a lower cost sports-free tv package. this so called skinny package would cost between $20 and $40 a month and would drop channels like espn and the major broadcast networks including nbc. the new option expected to be available some time later this year. stwiter has kicked around the idea of offering a premium or membership subscription purchase. jack dorsey was asked about it yesterday. he said twitter considered the idea in the past, although as a general practice, they have always felt the service should be free and open. in march, reports said twitter was considering a premium version of the tweet deck. back to you. >> thank you very much. good to see you. >> breaking news to get to right now out of sunnyvale where there's a large fire right now at a commercial business. firefighters, we have been told, have been called to lake side and titan way. this is about a block or so away from the lawrence expressway. kris sanchez is on her way to the scene. she'

. >> viacom is a long term stock, the valuation is about 34% cheaper. before settling.kish reinvigorateing bran, go for it. >> basically, it's fought that much of a lodge shot. very interesting. >> twitter, still a long shot. even saying that it's up $4, it's still a long shot, twitter. >> happy birthday, tim seymour. tomorrow. don't screw up any more than you. >> thanks for watching, "options action" right after the break. i joined the army in july of '98. our 18 year old was in an accident. when i call usaa it was that voice asking me, "is your daughter ok?" that's where i felt relief. we're the rivera family, and we will be with usaa for life. a used car, >> here at the max market, coming to you live from the tomorrow time's square the guys are drying off behind me, here's what's coming up on the show. >> get in there -- >> that's what sober investors are doing, but there is something in the charts that suggest the bottom is in. we'll explain. >>> plus, french elections are this week and odds makers give them a 16% chance of winning. >> so you are telling pe there is

viacom was questioned because of something related to this.hanging makeup of the ecosystem and the fact that they told us for the first time that their networks for new subscribers to charter were being pushed up to the more expensive tier and only available there, making it less likely perhaps that they would be subscribed to. this is what bob bakish had to say on that viacom call which did really reverse the stock or bring it down a lot more than it had been earlier ending the day down about 7%. take a listen. >> our prince pal focus is on ensuring ongoing broad distribution of our flagships and the other widely distributed tier. we're missing that carriage in some places. and we're in conversations about hopefully getting that back. but it's not about a notion of being totally flexible per se, carry anything you want. but it is very much also about what -- you know, what we talked about before is finding the -- >> he went on to say that as well, listen, 100 plus average per user is a lot of money. we have to figure out how to play this game

viacom as well. channels arepular higher priced. facebook, quick check on evaluation of facebook. estimatede price to earnings. the estimates sort of were created different points. line is apple. facebook is number two. companies the big here including alphabet as well. evaluation isok relatively high. but not as high as others. back to you. >> let's get back to the french election. the election taking place on sunday. marine le pen unleashing attacks. gap ofes to close the percentage points ahead of the campaign. >> great fear, who has been the manipulating it since the beginning. it's you. fears of ourh the citizens on terrorism? it's us. >> you've said it so often. of openness.date no, you are the candidate of closure. factories, the closure of maternity ward and police stations and closure of hospitals. >> the france i want will not be divided. we need to lead a system that proproduce. you are the proproduction of the are denouncing. you are its parasite. >> the france you are defending france. it's a trading room in it's a everyone.ne against in which french employees have to

it could reduce viacom's subscriptions.e smartphone maker aims to clots way back to the top eye teaming up with the government -- by teaming up with the government -- to claw its way back to the top by teaming up with the government. there was a time they were considered the top smartphone maker and then they branched out to all these other kinds of products. serious now getting about being a top smartphone maker? >> it's hard to say. smartphones are always the entry a broad ecosystem strategy. otherwise, the valuation would never be close to $45 billion. they are trying to invest in to advance how popular their phones are in the market, but there is some stiff competition. largely due to samsung kicking itself in the but with the samsung note 7 debacle. apple or samsung should be threatened by this? launch thet to iphone eight and the f8. >> exactly right. reason apple can get better products into the ecosystem is because it has a global audience and it's consistently one of the biggest chippers of smartphone -- shippers o

mark: viacom's paramount needs it more. much guaranteed, and disney has a lot of other franchises. looking at the other studios and the releases coming out the season, you have sony's spiderman, warner's wonder woman, dunkirk. there is some big films and success is paramount, to coin a phrase, for some of these studios more than others. ,aul: you mentioned paramount of the big studios they are clearly the weakest. they have had a big change in management, they fired their ceo , so they really need to reinvigorate that studio. , we willanagement start seeing the output from them in the next year, but they would love to have a sleeper hit in baywatch. that would turn their fortunes around, maybe just for more al. studios, summer is about 30% to 40% of their box office so they tend to load a lot of their franchise movies into the summer to drive domestic growth and global growth. vonnie: pirates of the caribbean has had tons of sequels and some worked better than others. baywatch, this is the first time it is coming back. shou

i think the expectation is for the content company, the viacoms and time warners of the world, they believehey will come out in just fine shape going forward, as long as they can get paid by whomever is carrying their service, whether it is a traditional cable company like comcast or a new player like netflix. they need to make sure they get paid every step of the way by whoever distributes their content. emily: we are seeing drops in and revenue at time warner, amc network. it is sometimes a vicious cycle. what is behind this? say therexecutives are broader economic concerns that are coughing -- that are causing advertisers to hold back. tv and rates are declining. the tv networks are trying to charge higher prices for commercials, but advertisers are saying, you are charging me higher rates, but i am reaching fewer viewers. we are seeing those higher commercials are not making up for the fact that ratings continue to decline. it is also related to the tv industry itself. emily: what about uncertainty over president trump's policies? is that at play? paul: i think it is. we have heard from

. >> caller: jim, viacom is my stock. >> this thing has come down so hard, so fast, i got to believe there's some value there. the thing is at 33, i don't know, to me that's just too cheap. i would certainly not sell at this level. that would be wrong. i don't know what gets it higher, but the market has gone down. there are plenty of winners out there, we'll find them together. on "mad money" tonight, epr properties is one of the largest real estate investors in schools and megaplexes across the country. i'm find out where the company can continue to break down. >>> then as we enter the next round of retail earnings, is all hope lost for the group? maybe not, i'll tell you which stocks in this base can potentially rally. and it's different from what you're hearing. >>> good news for oil today. with saudi arabia back on line, c where could crude be headed? stick with cramer. remember here at ally, nothing stops us from doing right by our customers. who's with me? we're like a sports team here at ally. if a sports team had over 7... i'm in. 7,000 players. our plays are a little unorth

i think the expectation is for the content company, the viacoms and time warners of the world, the folks that create the movies and tv shows people watch they , believe they will come out in just fine shape going forward, as long as they can get paid by whomever is carrying their service, whether it is a traditional cable company like comcast or a new player like netflix. the challenge for the media companies is to make sure they get paid every step of the way by whoever distributes their content. emily: we are seeing drops in ad revenue at time warner, amc network. to a certain extent it is a vicious cycle. what is behind this? gerry: there are a couple things behind it. area executive say there broader, macroeconomic concerns that are causing advertisers to hold back. tv ratings are declining. tv networks are trying to charge higher prices for commercials, but advertisers are saying, you are charging me higher rates, but i am reaching fewer viewers. we are starting to see those higher commercials are not making up for the fact ratings are continuing to decline. on a big macrolevel and

stuart: viacom in talks to create a sports-free tv bundle. ashley: i'm a sports nut.esn't make sense to me but, viacom says it is in advanced talks to be part of a sports-free tv package, priced between 10 and 20 bucks a month, completely free of sports. espn is incrediblyxpensive. works out just above $6 per subscribe are just to have espn in that package. stuart: do you think it is a success? ashley: i think there are people out there maybe are not sports fans would like something like this, not have to pay a lot of extra money for the sports programing they're never going to watch. millenials, for instance, who never even had cable before might be interested in this. stuart: that is interesting point, fair point indeed. thank you very much, ash, good stuff, appreciate it. ashley: sure. stuart: the first victim of the suicide bombing in manchester last night has been revealed. it is that young lady there. i believe she is 18-year-old george gina calendar. brian kilmeade joins us from the radio. i get the impression they want us to change where way we live and i expe

did you see viacom is flat on the year.been up over 40% at one point. >> sell -- did you see that? charter is putting their most popular offerings in the expensive gold tier. >> that's what we learned on the conference call last week. >> right. >> that's what really pressured the stock price on that day in question when viacom started down dramatically. we still haven't heard from fox. they haven't reported yet. >> news corp -- well, it's different. >> everything down. time warner didn't go down because it's being acquired by at&t. but they have seen their best times. >> but mean while, priceline is down a great deal today. this is i think an opportunity. i know that there's some people -- moffett nathanson who does great, great work is saying that the price competition is for real this time. expedia is doing quite well. but i will point out that this is one that if you bought it on the dips, you have done incredibly well. but travel and leisure have been strong, media has been weak. go back and forth on what's working, wha

an app is in talks with media companies including viacom and nbc universal to make original programmingo people familiar with the matter. if the deal goes through, it may broaden the appeal beyond music like comedy and sports. speaking of music, a fun fact about our cohost for the hour. roger mcnamee is also a rock 'n roller. his band performs up to 100 concerts a year inventing such applications as twitter concerts and moon radio on twitter. roger mcnamee still with me. you play guitar. roger: and bass. they get to watch every show. our last 500 concerts are there in streaming video. emily: for free? roger: it is inexpensive to create it. i am a tech person. i wanted to see if it could be done. we hold what appears to be a relatively fundamental patent on live streaming as it pertains to sending things to smartphones. at the beginning, i wanted to see if i could do it. it turned out to be a great way to promote the band. emily: there's so much going on in music streaming. pandora is looking to sell. spotify is planning for an ipo. what happens to the different players? roger: for 30 ye

former chairman and ceo of viacom's paramount pictures brad grey died of cancer last night in his homecalifornia. he was a top deputy and confidant of sumner redstone. he was 59 years old. that's the news update this hour. back downtown to "squawk alley." carl, back to you. >> all right. sue, thank you very much. >>> cyber stocks as you probably know by now surging in the wake attack. >> new targets are being reported today in korea, japan, and taiwan. more than 200,000 computers already impacted across at least 150 countries. big concern here has been that these numbers would only increase as people return to work today and new variance of this malware comes online. take a look at fireeye, syman c symantec. others include fedex and renault. cyber security firm avas says the ransom note looks like this. oops your important files are encrypted. you will not be able to access them anymore until decrypted. it used in old versions of microsoft as an offensive cyber weapon. chief legal officer saying this attack provides yet another example of why the stockpiling of vulnerabilities by gover

along with viacom thursday. cbs thursday. >> yeah. and we'll see.ou know, viacom of the three you mentioned may be the most interesting given how much the stock reacted positively to the appointment of bob backes a while back now and each quarter of course sort of becomes more of a report card on his ability to turn that company around. cbs, we expect fairly strong numbers and time warner is of course -- it's an at&t deal. the question for time warner is much more about the continued review of that transaction by the department of justice and what if anything at&t is going to need to do in order to get it through as most people expect will be the case. but will there be some sort of consent decree associated with that? >> yeah. >> can i ask david a question about dish, carl, do we have a second? >> yeah, go ahead. >> dish reported numbers today. they missed. they're losing subscribers. but david, people still love it. is it still just a charm stock or they have a master plan that jives with what john legere was talking about at t-mobile. he praised

my stock is viacom industries. want to know if it is a good time to get in? >> i don't know.i would hold off on that one, it was a nasty miss. they have to do better before i would commit. that is the end of the lightning round. >>> the lightning round is sponsored by td ameritrade. you know that thinkorswim seamlessly syncs across all your devices, right? oh, so my custom studies will go with me? anywhere you want to go! the market's hot! sync your platform on any device with thinkorswim. only at td ameritrade ♪ >>> has this rally run out of steam? the market took off like a rocket after the appointment of a special prosecutor to look into the trump administration's bizarre relationship with russia and the s&p 500 went on to close at a series of record highs before today's pull back. many long time watchers of the tape suggest you have to look at the dow jones transportation average for answers. if the dow transports can break out, the saying goes, the rest of the market can keep climbing because the transports are a great way of measuring the health of commerce in the count

before the bell we hear from kellogg's, viacom and dunkin brands. >>> still ahead on the show, france'swo presidential candidates face off for a fin time. but did the debate alter the race with just four days to go? we'll discuss with a polling expert straight ahead. you're watching "worldwide exchange" on cnbc. their experience is coveted. their leadership is instinctive. they're experts in things you haven't heard of - researchers of technologies that one day, you will. some call them the best of the best. some call them veterans. we call them our team. the shlike a bald penguin. how do i look? [ laughing ] show me the billboard music awards. show me top artist. show me the top hot 100 artist. they give awards for being hot and 100 years old? we'll take 2! [ laughing ] xfinity x1 gives you exclusive access to the best of the billboard music awards just by using your voice. the billboard music awards. sunday, may 21st eight seven central only on abc. >>> welcome back to "worldwide exchange." now, to this weekend's big market moving event out of you'r europe, the french election. the fr

thursday, more earnings including viacom, and on friday the all-important april jobs report.y, busy week for business. here's how the markets are shaping up ahead of that news. as i mentioned earlier the dow is moderating here, up about 12 points, s&p better by 8, the nasdaq on track for another record here, up 47 points. but let us scrutinize what the real potential to move your money this week really would be. is it big name earnings, the fed's meeting with begins tomorrow? traders at the new york stock exchange, cme group, and, scott redler, what will move it? is there something on that list that you think is going to be the real driver? >> i think it's all important because you have apple on tuesday and tech's been leading. the last thing the bulls want to see is a good quarter by apple, they open it up and sell it off and that caps the tech rally, but i don't think that happens. i think if the fed be shows they're still on track for a june hike, i think traders want a little bit of buy pressure on the banks to keep them elevated, and the small caps, so if they think it's

a french educated writer, student activist in hiding from a senior buddhist monk in the viacom insurgent, all for harvard deep feelings of south vietnam, but even the antigovernment buddhist monks was more cooperative. i've never seen one except on a child when he asked of a particular egg lot resembled a vagina. this is also from the final report icon in the archives archive sent to the pentagon. these are his conclusions based on the interviews. the viet cong number was it for old man and old man, strictly addressed it to space his expression was stoning flattened. he never reached out and truly responded. the only time they came alive as we've been telling of effects is. besides a great many hundreds of greater dignity. as soon as it passes a bus backn into a lethargic apathy from a pattern and commence to and commence with lifelong and not by imprisonment. so just to remind you the entire interview is going on in prison. he was not interested in the nuance of the vietnamese politics. he praises for men about their parents, dreams and sex lights or lack thereof. after an abuse of this

viacom just out with earnings, topping expectations for the quarter, profit, however, fell 60% from aing costs and lower ad sales. joining us is michael morris from guggenheim securities. you hear those numbers and you say is this a buy at this point? >> yeah. we are very focused on what we think is the early stage of a turn around at viacom under a new management team. under the prior management team, we felt they lost their way, the their program want reaching their core udenaudience. there's a new management team and it's going to take some time to show results. >> this is all about the new ceo. what's the money moon period? at what point do you have to see results turn in your favor? >> i don't think it's a long honeymoon. this company needs to start rolling out new programming on mtv. the ratings have improved at a couple networks. nk loadion has soon improvement, only mtv and kpedy central. it not going to be a long honey moore period baes improvement in the linear story as opposed to digital? >> this has to go beyond just linear. we think there's a clear expectation in the mark

viacom is down 20%. so the whole group is taking a hit. they're obviously recasting their whole primetime lineup. that's a lot of turmoil here. >> a lot of turmoil. my sense is you're going to see more folks leave the network. i don't know if that means anything necessarily. in interprets of the stock as julia just mentioned, 32 to 26 in pretty much a straight line. if you're looking for levels, i think the level you have to hone in on is the $24 level which it bounced from late last year. 12.5 times forward earnings, it's not crazy expensive. none of these stocks are all that expensive. you have to wonder if valuation is really even a metric you have to work with. >> to me, it's just disruption. i'd rather buy the disrupter. facebook is taking it. the one that i actually want to buy closer to 17, the twitter. i think they're finally starting to get things on track there. >> interesting. >>> fox isn't the only media stock taking a hit. disney has sunk 6% in the last month but is a selloff actually a buying opportunity. mike ko joins us wit

from the corner of 44th and 7th, for those who are familiar with the times square area, there's the viacom building, bubba gump shrimp all the way down to the reuters building that is between 42nd and 43rd on 7th avenue. a witness who was outside said he saw this car and suddenly he was just mowing down the sidewalk for over a block. right now i'm looking straight ahead at the block between 43rd and 44th. there is a maroon car fender laying on the sidewalk. police have cleared the area. they are setting up a command station right here at 44th and 7th which appears to be where the beginning of the impact began. again, all pedestrians are being told to keep out of the area and they are calling this a crime scene. that's what police officers are calling it at this point. at any rate, it is a very, very large area right now that is under the block. >> we should note that jonathan dienst with wnbc is reporting that the driver is in custody and is being questioned. so the driver of that maroon car is in custody and is being questioned, according to wnbc. >> reporter: according to the witness i s

the organization working with the south vietnamese -- we defeated the viacom. -- via congress. we won the guerrilla war in 1972. nobody knows it for a bunch of reasons. 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 -- villages and all the cities. he had abrams working with south vietnamese forces, and wesley focusing on search and destroy missions. if you read -- this -- these are declassified -- cables to johnson, which i asked doug pike to do after he 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, which gets us closer to the day when the south vietnamese can t

and viacom on the most expensive tier pricing, meaning perhaps a hit to viewership numbers.et: can't forget those earnings. back to the top story of the day, the house passing the gop health care bill, successfully voting for the regular replacement of obamacare. the president will hold a news conference of 3:30 p.m. eastern time at the rose garden. we will bring you there when it begins to we want to bring in a team of reporters at the white house. margaret talev, senior white house correspondent. kapur, national political reporter. and jason gorman of bloomberg intelligence. the vote passed the house and it goes to the senate, where the republicans hold a slim majority. what needs to happen before the senate begins consideration of its own bill, whether it starts from scratch or takes of the house bill? sahil: a little bit of context -- the bill passed 270-213 votes. 2 fewer votes than a house and this would have gone down in defeat. paul ryan had a margin of 21 votes and he lost 20. mitch mcconnell has 2 votes you can lose. this will be an uphill slog to get this to the s

going to be bad for amc network and discovery and viacom and description networks because not all ofbundles. but that cord cutting is real. >> let's talk about the losers for a second. what happens to them? meaning, do they merge? do they get picked up by some of the bigger guys? what's the plan? >> viacom's talking about perhaps a bundle of the smaller networks come right up there with a cheaper bundle called 20 bucks for 40, 50 channels of nonsports, nonnews networks. so you're going to have possibly a new, you know it a new entrant at a lower price point that's going to disrupt maybe the bigger bundle. so you just have a lot of different -- >> what happens to the consumer? do you end up saving any money as a consumer? or do you end up paying more to get all the stuff you used to have in one bundle? >> that's a great question. we see two things. one is you'll save money on your television portion but cable says to you look the broadband bill in your house is going up. so in some ways comcast and charter will make it up on the broadband side. >> because nobody can live without the i

also an attorney who spent time with organizations like viacom paramount studios allows lock buster. and so he brings his conversation and we have private sector background but of particular interest in making sure that public institutions typically hbcus have a role to play in higher educational landscape and we will now bring up johnny taylor. [applause] >> you know the downside to being 371 has said what you're going to say. i'm sitting there writing my notes, scratching apart was going to say. thanthank you, michael and lezl. lezli, i won't say what i said the other day. she could be hard time yesterday because i got on the stage and i said i barely missed the millennial era. and i said it, i said they missed it. i barely missed it. but she said that was cruel. you don't say that to a woman. good morning. [laughing] good morning. and by the way as is want of your i realized a warrior could not of been involved in this set thdesign. this is an accident waiting to happen. i took my time walking up here because i would be glad to rename the building the johnny taylor building. if i

he was named ceo when viacom split from cbs in 2006. he has had a pretty impressive run since then.he stock is up 100% and 17% so this shows cbs planning for the long term going through 2021. his salary will remain at its current level and will be eligible for bonus and long -tem performance based incentives. the agreement provides for him to be a senior adviser for an additional five years and will include an option to establish a production company under cvs when that contract expires in 2021. back over to you. >> julia, thank you very much. >>> coming up, the rise of robot investing is changing the face of markets and your money. plus, an upgrade for a big p pharma stock. one analyst thinks this name is set for a 30% rally. that name coming up in "street talk" after this break. they call him the whisperer. the whisperer? why do they call him the whisperer? he talks to planes. he talks to planes. watch this. hey watson, what's avionics telling you? maintenance records and performance data suggest replacing capacitor c4. not bad. what's with the coffee maker? sorry. we are not on s

i mean, look at the stocks today, viacom down 2%, discovery down as well.ally is necessary because industry has to test lower price points. now skinny bundles are not that skinny or inexpensive, 40 and up. question is, are they destination networks? >> right. >> now, yes, nicklodian is there, that's attractive, but it's not necessarily viewership friendly. >> they'll find out. amazon went live in the u.k. it does include discovery, by the way, nbac and others, and t get the channels, be a prime or prime video subscriber. a matter of time before we get this? >> if they swing the deals. the content companies are more willing to say, give it away overseas, but it's a little, again, same story, a night mare scenario where you become a feature of, by the way, what's prime? bundle. a different bundle, subscribing to something, assortment of services versus a tv bundle, but, you know, i think you have to experiment with all the platforms. >> exactly. >> it's not a bounty you're rushing for. >> channels, that's another thing to have. next, the clicker, the remote,

once again, they are having a very poor day other than viacom which yesterday was down sharply.e netflix is up. that sort of tells a lot of the story there in terms of cord cutting and what's going on. >> home depot adding 13 points to the dow. it is down now 22 points. coming up on "squawk alley" cnbc's disruptor 50 list revealed ranking the world's most ambitious and innovative private companies. topping the list, airbnb and we speak to the cofounder of the company. "squawk alley" coming right up. i joined the army in july of '98. i did active duty 11 years. and two in the reserves. our 18 year old was in an accident. when i call usaa it was that voice asking me, "is your daughter ok?" that's where i felt relief. it actually helped to know that somebody else cared and wanted make sure that i was okay. that was really great. we're the rivera family, and we will be with usaa for life. usaa. we know what it means to serve. call today to talk about your insurance needs. well wait. what did you think about her?morrow. it's definitely a new idea, but there's no business track record

also when you think about the media bar set very low, viacom was off 7%, 5%, at the end down 20%, bouncedmedia is a difficult investment because you don't know what direction we're going and where over the top ends up taking us. i think there's more questions than there are answers ee especially with fox right now and probably leave it in the category of no touch. >> all right. shares are down about 4% now. we will leave it there, everyone. art hogan, samantha asarello as we continue to go through the earnings that came out including snap, those shares sinking after reporting results for first time since going public. is it a buying opportunity. we will debate that coming up. netflix maybe king of video streaming but a startup rival has been raising cash and could threaten to dethrone it. we will have those details when we come back. stay with me, mr. parker. when a critical patient is far from the hospital, the hospital must come to the patient. stay with me, mr. parker. the at&t network is helping first responders connect with medical teams in near real time... stay with me, mr. parker.

according to the hollywood reporter, the cable network is moving its central operations to viacom's newhead quarter thed in d.c. since opening in 1980. the d.c. studios will finally close officially on july 7th about 60 workers will be impacted as part of the move ceo debra lee is moving to la. she's listed her dc home. >>> instagram hopes their new hash tag will help open up the conversation about mental health issues. hahash tag here for you will be highlighted during the month of may which is mental health awareness month. ceo and founder says every day people share their mental health journeys on the site and they connect with communities of support. to d.c. for the capital pride concert which is being held on sunday june11th. cyrus will perform along with the point sisters. cyrus has been outspoken advocate for lgbtq community. concert will be held on pennsylvania and third street northwest. >>> and finally, a bear doing his thing. wandering around a gated california community. suddenly comes face to face with a dog. the dog tries to play tough protecting his turf but after a brief

. >> now its market cap is larger than viacom, cbs and discovery combined. fox, too. >> i used to say they're bigger than u.s. steel. that was the godfather. so out of date. >> that's '73. that's '68, that's '52. you're way out of date. >> bigger than amazon. >> we will get stop trading with jim in a moment. dow is up eight points. don't go away. i need someone that understands my unique needs. my dell small business advisor has gotten to know our business so well that is feels like he's a part of our team. with one phone call, he sets me up with tailored products and services. and when my advisor is focused on my tech, i can focus on my small business. ♪ ♪ did you know slow internet can actually hold your business back? say goodbye to slow downloads, slow backups, slow everything. comcast business offers blazing fast and reliable internet that's over 6 times faster than slow internet from the phone company. say hello to internet speeds up to 250 mbps. and add phone and tv for only $34.90 more a month. call today. comcast business. built for business. >>> ti

screaming bundles companies like how a lou youtube tv picky about what channels they care companies like viacomdles. >> a famous new york deli gearing up to ship its corn beef around the world what happened the deli famous scene from when harry met sally was shot plans to open a facility in new jersey next year exciting for them, this her, wished you had a magic mirror trying on clothes in a dressing room? what i like to call skinny mirror they don't seem to put in there imagine mirrors allow to you connect to help choose color styles face time video chats, make a 360 degree video of yourself twirling like model is doing, ralph lauren already have these neiman-marcus. >> retailers want people to come in and back to the store this is their -- >> i like it. >> i like it the address is going to turn colors. >> i don't think a camera in the dressing room -- >> [laughter] >> maria me twirling is not a good thing. >> [laughter] >> a little freaky with cameras in the he dressing room you are right -- >> coming up high-tech surveillance cameras keeping families safe from intruders about false alarms ea

will they in close by disney, in close by viacom. >> you think disney is actually in play?hanging. as bill is saying, the times they are changing. everything is in play in terms of -- >> this is a big market cap. >> it's got $150. but apple has $700 billion market cap. i'm not saying it's in play. but the point is there's a lot going on within the framework of who's doing what in content and connectivity. and then there's distribution. cable companies in latin america, that look like they're being prepared for some kind of a joint venture, merger, or something else like that. so that's tifric. then there's obviously infrastructure. laguardia, duh, the airport needs help. and so what else do we need? and how do we get the funding. and independent of the funding you read annual reports, like i read one of granite, a construction company in california, we've got to fix our roads, bridges, inland waterway, avionics. forget the money, the answer is it's got to be done. how do i play snath >> where do you play it? >> i buy companies like case new holland but also the truck compan

live sports, concerts, news and entertainment, live events, so they've got deals now with mlb, nfl, viacom nba, pga, so on, and they had viewers 800 hours of live events on twitter. stuart: they don't have anything else they can do, or do they? >> video is where it's going. if you saw on the quarterly announcement last week, they put up decent numbers and i think that twitter is attractive. stuart: we're higher for the dow industrials, look at the streaming stocks there, they've done well recently. okay. 43 up, 44 up. dow industrials. aetna lost some money. higher profit at merck and raised its forecast, a huge drug company. nice move, 1.2% higher. pfizer helped by better sales of the cancer drug and-- profits down at cvs. it felled fewer prescriptions and lower traffic. that hurt sale of front end store items. the stock is up 5 cents at 82. what's the price gasoline, by the way? 2.37 that's regular. and now president trump sauce he'd consider raising the gas tax. liz: the problem, in new jersey and across the country, you can't have a lock box towards infrastructure. it goes toward things