cbs and viacom looking at getting back together.ard committee's to evaluate a possible merger. let's bring in richard greenfield of btig. how close are we to this deal getting done? >> the industry is getting significant pressure, subscribers are leaving multichannel television, over the top tv, look at netflix, up almost 50% year to date. linearrs are giving up television and moving to internet delivered on demand television. advertising is suffering. when you look at the growth of facebook and google reported, advertising dollars are moving to mobile and away from tv. a growing pressure on legacy media companies. you are either selling the way time warner, scripps, fox, murdoch even now selling. you are selling or buying. buy a calm and cbs -- viacom, cbs, cherry red stone is the controlling shareholder -- of both, the most logical first step is to get them to scale, these companies are too small. they look like pebbles on a media landscape dominated by giants. vonnie: there are new synergies as viacom is turning around. managemen

david: and then after a couple of years where viacom has cbs, and viacom decided it would be better toit the companies in two. leslie: correct. david: the theory at the time was that cbs was a little slower growing. it turned out to be the opposite. why did everybody get it wrong? leslie: well, not going to talk about viacom in a pejorative manner. look, at the time, we were the slow growth company. we owned the tv network. we owned a bunch of radio stations. we owned a billboard company. we owned tv stations. the other side at paramount pictures, they had nickelodeon and mtv. we liked being the underdog. ok, it's via grow, via slow. that is what they called us. our market cap has grown about $12 billion since then. we grew a lot. we have done extremely well. our stock price has gone up considerably. i think we're very competitive. i think we figured out the internet space. we figured out how to put our content online very quickly. so, it's been a good decade for us in terms of the growth. david: going forward many times people who get cable services, they have a cable contract. now, t

between cbs and viacom importantly on the cbs side over the last few weeks where i sort of spoken tos preparing for this it appears there is certainly more constructive level of engagement from cbs in terms of a possibility doing a deal with viacom that deal is likely structured to cbs buying viacom at the end of the day, all stock deals don't matter too much, it is all about how you end up, of course, you have the same controlling shareholders in both cases. why different this time than last time? scale. they know they needed at cbs and they got one way to get there. that's purchase a union with viacom it is not the controller is going to let cbs sell to a potential buyer, that made it very clear they want to move fairly quickly here at this point, they designated the director's side and the viacom and of course, marty lipton is in there and morgan stanley on the viacom side and others will be on the cbs side who will be advising these two companies as they move ahead first, they'll be dealing with basics here and talking about organizing themselves in terms of the committee, they'l

last week viacom and cbs said they were exploring a merger. viacom share rose 7% to $32.71. >> "new york times" reported another decline in print sales but the newspaper topped expectations thanks to a growini tal subscriber base. sub skriks description renues reached over $1 billion. they expect to see subscriber growth remain strong during this quarter. shopped pops to 44.40. >>> as it faces regulatory issues with one of its new may grain treatments. the company said the fda raised concerns with its drug ever inner cal into question when that medication might enter the market. teva acknowledged 2018 will be difficulty. the shares well to $18.64 haynes gave earnings guidance for the year that disappointed analysts. profits during the period were inine with estimates but shares fell 11% to $19.57. profit and topped sales expectations. grub hub also said young brands a going to take 3% stake in the company and partner with it to offer del options across the country. grub hub shares up 27% today at $89.04. >>> the beauty products maker cody said

the focus will be on viacom. and it's unlikely they'll comment anything on the actual deal it's the body language, what's the direction of that deal >> what is your sense of where things stand now >> on surface the doeal makes sense the it's about protecting the current business, the current environment with advertising and affiliate fees, but also protecting the future >> when you say this deal makes sense, this deal makes sense to me if you are shari redstone and you want to control both companies and you're not willing to sell either of them >> right >> if you asked me if they made sense together in the grand sort of planetary that are media companies you might sell cbs to one company and viacom to another other do something different. >> if there are offers on the table. but we have not seen anything on the table. it's been a while. >> one of the reasons there's not offers on the table is because there's an understanding in the media ecosystem that the redstone family is not a seller at this moment. >> they'r

we have disney earnings out and do we have cbs, viacom, a big week for earnings. you talk about ratings, advertising, but this week, a lot of discussion will be about deals because disney has announced a deal to buy most and it hastury fox caused a fear in the media market. here are the market caps of the companies. buying as$150 billion much as 60 billion dollars a box, but look at amazon. they think they are competing against amazon and you have netflix and cbs and viacom, the little guys, and they are looking at disney, saying, can we afford this? alix: you look at the market cap, and a, what would cbs and viacom be able to do if you are competing with disney and fox? and b, how do they not merge? david: there are a lot of companies like that, particularly in this the worlds, and amazon say, we need more content to go direct to consumers. cbs and buy, would be trying to do that -- and viacom would be trying to do that. alix: coming up, we will hear from chuck stephens on earnings in the selloff. this is bloomberg. ♪ ♪ alix: equities crashed, global equities get

cnbc and viacom taking steps towards a possible -- nice red nice women's heart red, julia. joins us with more >> thanks, joe what we're talking about now is a potential recombination of cbs and viacom all i can say is here we go. this is a potential recombination for the two media giants by sherry and sumner redstone sherry redstone and her national amusements, owns viacom and cbs called on the two companies to explore a merger by december of that year they had called off that plan national amusement saying it was confident that the under valued assets of viacom could be unleashed under a new management team landed by the new ceo at the time bob backish they have lost 5%. viacom shares are down 12% many have wondered if a merged company would better compete in a quickly consolidating landscape. with disney's acquisition of fox just the latest and if less nunez could benefit viacom 18%. cbs defying expectations now national amusements wants to see if the time is right saying it, quote, supports the processes announced by cbs and viacom to evaluate a combination of the two co

people are still reacting to it including the prospect of cbs and viacom >>> all right.reak, take a look at take two interactive. making better than expected quarterly numbers on games due to the u.s. tax law. revenue missed forecast. the sales outlook didn't please people strau strauss zelnick is coming up next today, the new new york is ready for take-off. we're invested in creating the world's first state-of-the-art drone testing facility in central new york and the mohawk valley, which marks the start of our nation's first 50-mile unmanned flight corridor. and allows us to attract the world's top drone talent. all across new york state, we're building the new new york. to grow your business with us in new york state, visit esd.ny.gov. to grow your business with us in new york state, (sighs) i hate missing out missing out after hours. not anymore, td ameritrade lets you trade select securities 24 hours a day, five days a week. that's amazing. it's a pretty big deal. so i can trade all night long? ♪ ♪ all night long... is that lionel richie? let's reopen the market. mr

combining the cbs network with viacom's nickelodeon and mtv networks and the paramount film studio.or the newsflash of some of the biggest news. negotiations to acquire buzzfeed news, according to a person familiar with the matter says talks are the latest of the struggling publishing industry. its workforce after missing revenue targets last year. rough start for detroit three. general motors deliveries increased but missed estimates. tesla will test renewable energy products and whether they have mainstream appeal. elon musk told bloomberg a half major expansion at home depot spacesby tesla selling of solar powers and power while batteries. guess could be the latest to be hit i the #metoo movement. kate upton use the hashtag and said that their ceo shouldn't use power to sexually harass women. he stepped down as ceo, but is still a major influence at the company. that is your business flash update. "what'd you miss?" retreat toholding a discuss strategy. themdent trump addressed earlier, and kevin cirilli spoke with mark meadows was chairman of the house freedom caucus about infra

and it's a big week for media, walt disney, viacom. that will do it for us on "wall street."ssi. for 35 years, i've been practicing law and living in las vegas, ground zero for the american real-estate crisis. but it wasn't just vegas that was hit hard. lives were destroyed from coast to coast as the economy tanked. now it's a different story. the american dream is back. and nowhere is that more clear than the grand canyon state of arizona. so we headed from the strip to the desert to show you how to explore the new landscape and live the american dream. i'm gonna help real people who are facing some major problems, explain the bold plans that are changing how americans live, and take you behind the gates of properties you have to see to believe.

volatility and whether it has effect on the real economy cvs health, t mobile, kellogg, twitter, viacomnd yum brands reporting before the open bell aig, expedia, news corp. are out after the close. >>> double dose of deal news fox talking disney and sky in its latest earnings report details coming up. >>> and another check on futures. the dow is lower by 126 points in the premarket "worldwide exchange" will be right back what's critical thinking like? a basketball costs $14. what's team spirit worth? (cheers) what's it worth to talk to your mom? what's the value of a walk in the woods? the value of capital is to create, not just wealth, but things that matter. morgan stanley >>> welcome back to "worldwide exchange." let's get you up to speed on the market action. here's the premarket set such. the dow is lower by 130 points s&p 500 down by 13 nasdaq lower by 21 this comes after yesterday we did see a big intraday reversal. the dow was up 230 points on the day but closed lower by 19 points wti crude down by half a percent. ice brent crude lower by a similar amount, trading at $65.20 yest

at so backed by bloomberg terminal and show you viacom.re looking at revenue and revenue total is in white. this is actually a loss, they were expecting 3.1 5 billion, but that loss actually came in the form of this blue bar, blue represented in revenue for fell, entertainment, and of course that is paramount. people are saying there are not enough good movies that people were buying at the movie cinemas or on blu-ray or on dvd, so that is where we are seeing that hit. with that said, we are seeing some optimism terms of analysts. and finally, let's head on over the title here, twitter flies back to growth, in terms of the greens and the reds here. 's the first time we have seen revenue growth in the past four quarters, not a lot, but that is 2%. few quarters it was down, nearly 8%, so that is good news there. but there's more good news on the white line. the white line is that income ever since it went public, guess what, it has been profitable until this quarter. coming in atu're $91 million, the first time ever. the reason for this is a

and it's a big week for media, walt disney, viacom. that will do it for us on "wall street."'ll see you next time. >> i'm bob massi. for 34 years, i've been practicing law and living in las vegas, the center of the recent real-estate crisis. lives were destroyed from coast to coast as the economy tanked. now, well, it's a different story. the american dream is back, and nowhere is that more clear than the sunshine state of florida. so we headed from the strip to the beach to showyou how to live the american dream. i'm gonna meet real people who are fang serus probls, take you behind the tes of properties you have to see to believe, and give you the tips that everyone needs to navigate the new landscape, because information is power, and the property man has got you covered.

management teams on both sides are more engaged on friday, the ceo of viacom met with cbs, they wentmbers. the numbers, that can be tough, the special committee have yet to meet from either sides, there is no offer, they're doing due diligence request for information, the two gentlemen will be meeting and on friday, they did that for a number of hours. i guess, jim, the question will come back is you know viacom, the stock went up unexpectedly >> because some so-called journalist said something. >> also, they were talking about a strong second half the numbers radioiight now cont to be an issue there is a lot of open minds in terms of getting a potential deal. >> why would moonves want to do that >> cbs is down 8% this year. >> it is >> you know les does not like that >> sure, a number of reasons and continuing to speculate on certain things >> wow >> i have to tell you, it is so different from everyone else reporting. i guess because they don't want the facts to get in a good story. >> there is a hope that they have something to say, a deal and hand of what's called the next six wee

i already said cbs board to buy viacom. i think viacom buys cbs. i like biotech.'m not buying amazon but it is up today. people are buying select sieve value. trish: they can find it on your website. >> yes, "bullseye brief." trish: thank you, adam johnson. we have another big story, the fallout over the republican release of the memo, that alleged surveillance abuses. president accusing democrat adam schiff of releasing sensitive information. will the president allow the democrats memo to be released? that is next. ♪ ♪ i can do more to lower my a1c. because my body can still make its own insulin. and i take trulicity once a week to activate my body to release it, like it's supposed to. trulicity is not insulin. it comes in a once-weekly, truly easy-to-use pen. the pen where you don't have to see or handle a needle. and it works 24/7. trulicity is a once-weekly injectable medicine to improve blood sugar in adults with type 2 diabetes when used with diet and exercise. it should not be the first medicine to treat diabetes, or for people with type 1 diabetes or diabe

david: ok, so my story is cbs and viacom.cernible] david: you remember they were originally together in one company. and they were split up. on myput up this chart terminal. it shows the ratio of the price in the stock to the revenue that says they used to be close and now cbs has blown them out of the water. the revenue of the two companies is roughly the same but the market cap is like 40 percent to 60% higher. think,asically, i because you have retransmission on one hand, which is lining and it iss fascinating that the two companies have gone different ways and the reverse of what everyone thought. it is funny. les said he did not want to be burdened by viacom, what is in it for him? the word now is that there is pressure on him and there is more speculation. did you know they appointed special management from both boards to take a look at it? alix: what i wall street bankers thinking about thisalix:? jason: it feels like this. this is one of those perennial things. you feel like it is on the whiteboard of every banker out

of course, the big question is for cbs is whether they'll recombine with viacom.over to you >> yeah, i was guessing there wasn't any announcement. i'm sure they'll be asked about it on the call they formed the special committee to explore it. cbs shares up about 2.5%. >> yeah. i think the picture that took shape this quarter is that the tv business has done better than feared if you look across the companies that have reported so far, it makes sense. the stock is well below its high i think probably because the market is kind of sorting it out. cbs would perhaps be the de facto buyer. and the one that, you know, isn't necessarily the partner that needs a deal. but would maybe be push into it. >> absolutely. nancy, your thoughts >> i mean, it's stock that trades well due to significant underperformance the last year they've been retooling by decreasing ads i think it's positive news and a step in the right direction. and i expect you'll see some improvement in the stocks. they didn't blow the doors off we'll have to wait and see what happened on the call >> shares

. >>> viacom's ratg was upgraded rbc.ector perform by they see them following through on its turn around strategy and sites the possibly merger with cbs. shares rose to 32.47. wynn resorts saw a downgrade to equ weight at morgan stanley saying near term risks oueneigh any pal reward. they site concerns about earnings expectations. not a win/win. shares fell nearly 2% to 166.32. >> expedia changed to a buy foowing the company's weaker than expected earnings and outlook. the analyst said the stock is overvalued relative to its growth prospects. the shares are down. >>> still ahead, interest rates, deficits, and perhaps the return of the bond vigilantes. >>> as of the close today 70% of the s&p 500 is down more than ro 10% its most recent highs. and here's a look at the sectors that are in correction. >>> the federal government went into shutdown mode just after mitt nig last night but it was short lived. before dawn lawmakers passed a package to keep the government funded. kayla tausche is in washington her us tonight. >> reporter: second shutdown in a month lasted just nine hours after co

netflix's spending tops viacom, apple, facebook and plans to raise its budget to $8 billion this yearlisten up breakfast lovers it's national pancake day at ihop. you can get a free short stack from 7:00 a.m. to 7:00 p.m. local time. the dine in only deal is limited to one per person while supplies last. ihop hopes that customers will donate to the children's miracle network, the leukemia lymphoma society and shriners hospital for children. it has raised nearly $30 million since the first pancake day in 2006. this year's goal is $5 million. >> so all for a good cause except my waist line. >> a good cause and that works out great for us because the show ends at 7:00, we can run, get the pancakes, eat there and come back. >> and run back. >> you can make it. >> running. >> that's what's key. >>> 4:41 right now. finding parking about to get a little harder for workers in palo alto. palo alto online reports city leaders are capping the number of employee permits in downtown starting next month. in 2015 the city kept those permits to 2,000 now the new cap is 1,100. the city has seen a decl

they are talking to viacom aboua otential merger. shares were volatile in after-hours butinished the regular day up 1% to $56.74 >> the food distributor u.s. foods reported better than expected revenue and earning d gave an upbeat outlook for the rest of the year despite rising dmadty prices. shares climbed to 32.787. >>> tree house foods issued disawointi earnings guidance despite better than expected quarterly results. they expecto close one of its california plants. shares of tree house foods plunged 12% on the day to $37.48 shares of the solar panel maker sun power came under pressure today after that company rerted a disappointing outlook late yesterday. the company cited shall thinks from the new u.s. tariffs that would hamper its sales growth. sun power shares were off 1% to $7. $7.39. and solar edge says it's not seeing a negative impact are the new tariffs and expects any potential impact to be mutded. the company also reported quarterly results that beat analysts' estimates. shares of sar edge popped 24% to $45.85. >>> tax

i'm julie boorstin in los angeles with breaking news on cbs and viacom both cbs and viacom have -- theirve formed special committees to evaluate a potential combination. now, both companies, their boards have separately created these committees both of them just issuing separate press releases. both press releases having the samelanguage saying there can be no assurance this process will result in a transaction or on what terms any transaction may occur. they say that neither viacom nor the committee and cbs saying the same, intends to comment further until the process is completed of course, this is not the first time that the redstone empire of media companies has considered recombining. it's been over ten years since they split up. they've discussed recombining in the past this was something that shari redstone expressed a lot of interest in. it's something i asked cbs ceo les moonves about and he said it would have to be on terms beneficial for cbs shareholders. definitely it will be interesting to see how this plays interesting to see how this plays out. >> it is a key step in all t

later in the week, tesla, disney and viacom will all be reporting earnings., chief markets strategist, bank of new york mellon. good morning. pretty busy, lots of earnings stories. jerome powell into day and brexit stuff here dominating in the uk and brussels as ever, but it isa in the uk and brussels as ever, but it is a big week for brexit? when you look at this week, there are so many interaction, whether it is the bank of england, the brexit discussions or the new chairman of the federal reserve, but the backdrop is we have markets that are starting to take a little bit of a fright about the rise in interest rates taking place in the us. this isa rates taking place in the us. this is a story that has been building since the start of the year and the jobs data and this concern about inflationary pressures in the us is starting to spook the markets. can we get a recovery from here and stabilise, or will we have another rotten february. february is always the worst month for the markets. history tells us. a quick word on rate rises. will we get a next one fo

viacom higher by 9%, cody higher by 19%, and philip morris, more than 2%.> investors overall still trying to make sense of what is moving these volatile markets. it seems like everybody has an answer, ight is it the sudden move in interest rates is it traders playing with dangerously leveraged products forcing selling. is it that stocks are a bubble and should never have been this high in the first place. lots of questions. let's see what pisani and santoli has to say about it. bob, you know what i mean. everyone has an answer >> yeah. so let's go back to when did this start this started on friday, remember, the jobs report. all of a sudden, wage growth, 2.9%, best since 2009, and we got yields move higher, and the market gap down. we were down almost 50 points that day i'll go back to the fundamentals that was the fundmeamental trigger. after that, a stew of various programs that started moving around in the market the big was the unwinding of the short volatility, long stock trade we talked about all year you throw in some issues around volatility exchang

. ♪ >> politically charged fake news billboard taken down, media giant viacom, two days after this wasup by pro trump supported committee to defend the president. the had called out several major news outlets, you can see them at the top alleging the hillary clinton campaign abused donation funds, the 5 figure and was supposed to run the entire week but it is down so take a look at it right there. walgreens the latest company to allow customers to use the bathroom of their choice based on gender identity. the new nationwide policy implemented in all 8100 words after just one person complained being denied access to the women's room in los angeles. in 2016 target was the first major company sparking outrage making changes to their bathroom policy. now a fox is alert, the dow jones rallying shooting up 600 points one day after it plunged a record 1100 points monday. tracy from foxbusiness here with a look at the futures and how they are looking today. >> reporter: yesterday was a wild ride on wall street changing direction 29 times, the tao goes back and forth between gains and losses tr

viacom is still trying to figure out what to do. is putting those companies together. that would be the other asset of size out there. sony also has a big movie studio that might be of interest to a buyer, although sony says a are not looking to sell. this is certainly one if you want to make double down in content and go direct to consumers, you can never have too much content. the assets from 21st century fox are attractive. vonnie: this could get interesting. paul sweeney, thank you. nejra: it is time for the bloomberg business flash. glitch is halting delivery of the ap neil. indigo airlines says it suffered three engine shutdowns. whitney has replaced some of the engines. a private equity firm and a dutch pension fund are making a joint bid for a chemicals unit. that is according to the financial times. it is said that the fund would be a minority: investor. -investor. blackstone sold the waldorf. they may be able to own it again. blackstone has had talks about bidding for waldorf. it is being overseen by china's government. th

. >> of course, it continues to be what about the viacom deal, as i reported a couple of days ago, theye met and they discussed things and there is due diligence going on right now and exchanging various financials. i would argue of the cbs side of the math itself. >> i think that could be 60th if they were not fulling around with viacom stuff. >> i really want to encourage this i think the ceo is less willing to put up a fight than the last time through when they did not get to an actual offer and there was a lot of back and forth about shareholders' rights or his voting rights or things of that nature. i don't want to prejudge we'll see. help me on something the retransmission numbers were plus 31% which is rather remarkable what's the read through for disney if those numbers were so high, right? >> not bad, right? >> not bad the new blaplatforms that we mentioned, over the top platforms that are apart of all. those numbers are fairly large, in fact, sometimes you will hear from the content providers they're getting bigger numbers >> netflix international, is it buzzed >> come on, it

he joined snapchat from viacom and it was crucial to building relationships with advertisers.hat he executive in the last -- to depart in the last four months. it lost its head of engineering in november. they said they want -- revising lucas. gopro has recently gotten out of the drone business. gemini women's optimism for his adventure camera company -- he spoke with selina wang at the technology conference in an exclusive interview with the new revenue streams and if is is a position and a partnership or acquisition has changed. >> my job as ceo of gopro is to look for opportunities to realize our vision and created -- create as big an opportunity for investors as possible. if we can achieve that more easily and more quickly with a partner, we would jump at a chance to look at that opportunity. >> have interesting suitors reached out? >> no comment. if you end up changing your mind, let us know. according to a recent pilot, your ship operating officer was late in the company and he was someone that was supposed to turn around the business. what is going to others executive t

he joined snapchat from viacom and was crucial to building relationships with advertisers.the last four months. it lost its head of engineering in november. they say they will not be looking for a replacement for lucas. they depend less on sales, following a shift to automatic. gopro has recently gotten out of the drone business. that has not dampened their optimism for the cap -- camera company. they spoke and an exclusive interview about a position on a partnership. >> my job is to look for opportunities to realize our vision. to create as big an opportunity for investors as possible. if we can achieve that more easily and more quickly with a partner, we would jump at a chance to look at that opportunity. >> have interesting suitors reached out? >> no comment. >> no comment. if you end up changing your mind, let us know. filing,g to a recent your chief operating officer was supposed to turn around the business. what explains all this executive turnover? >> cj was a terrific asset to the company, he helped us build our software team. he was part of the team that has been l

issues the ceo says there is still demand for the cameras but only at the right price >>> cbs and viacom exploring a possible merger. the companies say there's no guarantee a deal will be reached but this is the first step in potentially reuniting the company after the split more than a decade ago. >>> the "wall street journal" reports that at&t engaged bank of america to explore a sale of data centers shedding the business could give at&t the extra cash for acquiring time warner if that deal goes through. at&t off a little bit in the premarket. time warner's results, unbelievable strength of hbo hbo has had another fantastic set of numbers >> burning question that at&t/time warner deal? that trial takes place on march 19th >>> still ahead, top trending topics, justin timberlake making a bold statement on the nfl days before his big super bowl half time performance. >>> and looking closely at this market selloff dow futures down more than 250 points >>> welcome back to "worldwide exchange." we have a significant selloff in the premarket on our hands down 253 points on the dow s&p down 20

support all that i've done, even oprah, they have been incredible partners for me, and now moving on to viacomiving that has happened there. paramount pictures -- i am excited about the next chapter. david: you kept your feet firmly in atlanta, why is that? >> atlanta has always been home to me. this is the promised land and this is where i will build my dreams, and have the support of the governor and the georgia film commission, that is pretty and all this incredible film and cruise coming up in georgia, and so many people -- 9000 people go through the gates outside of our studio working, and has been phenomenal to see. david: the media industry is going through a huge transformation right now and we see it almost every day, particularly over the top with direct to subscriber and computer delivered and video driven on your mobile device actually. how is that affecting your business? how do you prepare for that? tyler: being a content provider has allowed a lot more avenues and revenues because people are consuming content and some of the different ways on some different levels. i'm excited a

we love madison square garden, cbs and viacom, which will merge.stock >> why is that a good merger for cbs? >> les is the best manager for the space. viacom is not as well-managed, so les in charge of both, together, negotiate better deals with carriers. there's real synergy between the two businesses being together. >> all right let's flip to tesla, earnings are out. phil lebeau? >> these are numbers people will be happy to hear about if you're bullish on tesla they beat the street they still posted a loss of $3.04, but 8 cents better than expected a smidge better at 3.29 billion. a couple important notes, cash, 276 million in the fourth quarter, many on the street expected cash rate much higher at close to $900 million cash level at the end of the fourth quarter, 3.36 billion dollars, and with regards to the model 3, a big question that people will be focused on, tesla says it continues to target weekly model 3 production rates of 2500 by the end of the first quarter, per week, and then weekly production of 5,000 per week by the end of the second

we're look for any news on cbs and viacom. there we know the companies have met. the ceos have met recently as last friday. the analysts are on board, analysts over at piper jaffray saying that the deal makes sense on the surface. so we'll watch for that. the one piece of news with this to the downside. that was revenue per advertising. we all know what happened in the fourth quarter of 2016. that was politics. , all politics. year-over-year, quarterly they did lose 3% in ad revenue from the last quarter of 2016 to the last quarter of 2017. david: not turning off investors right now. they're buying the stock after-hours. >> not at all. david: thank you very much. nicole. melissa: lawmakers are calling for more gun control in the wake of yesterday's mass shooting. could tougher laws have stopped the gunman in this case? we don't know. judge andrew napolitano weighs in on that. later in the hour we'll speak with broward county commissioner michael udine. david: there is no one solution here. only tradeoffs. president trump throwing his support behind a new gas tax t

. >> and bill in 12 years after parting ways, it looks like cbs and viacom are taking steps to reuniteconsumers? >> i can tell you in terms of share prices, both the companies saw their stock soar yesterday in after-hours trading. the companies have said they're going to have these merger conversations, they say the talks are no guarantee of any deal. as mentioned, more than ten years ago, sumner redstone split the companies. essentially worth noting that his family still owns both companies, just to make it nice and simple, through a third holding company. kind of a reuniting of a family there as well. >> bill marks, live from london, thank you so much. >>> coming up next on "morning joe," a growing divide over the nunes intel memo as the white house prepares to release the document. the latest on the brewing backlash ahead of the memo's release. senate democrat richard blumenthal weighs in. >>> and former new york city police commissioner bill bratton joins the conversation to discuss his time in minneapolis, helping officials gear up for a safe and secure super bowl sunday. so a few

viacom is down as is fedecno surprise with that amazon news >> we're down to about 2% on that averageeping an eye on them >> interesting that amazon itself after being up earlier in the session is down u. very mixed picture in technology overall. perhaps people focusing on the additional cost. another new business although typically amazon is rewarded the more money they spend, but it is notable that it is down 3% in the early going here >> couple of big techstocks seeing a nice lift today nvidia and microsoft both very much in the green. that will do it for "squawk alley. let's head to scott wapner and the half >> all right, thanks very much welcome to the halftime report our top trade this hour, correction watch stocks trying to find their footing today. everyone wondering the same thing. when will the correction end with us for the hour today, jim, josh, jeff, the founder and ceo of kkm financial rob is back with us today as well he of course with ubs private wealth management. one of barren's and forbe's top advisers pete hanging with up today from minneapolis. stocks have been b

names like coty, viacom, fiserv, kellogg, those are some of the leaders but when you look at laggardsy're suffering for a whole host of different reasons not like the market in its entirety where we're worried about the 10-year yield continuing to move higher here. as we look at the s&p, i don't know if we get the laggards there up but you have home brand and then got nielsen, goodyear. neil: michael kors, tara data, these are disparate type of sectors we're looking at the u.s. dollar appears so have been for the week, i know we have one more day here, one of the winners here. we may very well end up for the dollar its biggest gain, i was seeing this earlier and it jumped out at me, biggest weekly rise since november of 2016. so perhaps the dollar, trish, an amazing way has become that sort of reserve currency in times of trouble, the port in the storm. too early to tell with the big picture. trish: this does make sense, liz, if we have a better economic environment, fed is raising rates, dollar should go up. a little bit of a food sign for the u.s. dollar. i really enjoyed you on com

the americans had pulled most of the forces out of the cities and the viacom going to go into those cities, and this becomes the seminal thing of 1968. i also find it interesting difference, in 1967, william westmoreland was called back by president johnson to get a speech to a joint session of congress. virtually everyone in congress rose up and gave him a standing ovation. they saw him as a true leader. at the same time, his daughter was going to school at radcliffe was ready to take the train down to have dinner with her father in washington. as she was leaving, she saw a huge bonfire being lit on harvard yard. she walked over to see what was in it was her father being burned in effigy. it must've been a very strange experience for her. you see this interesting thing, congress is saying you are doing a great job, yet at the schools you start to see a massive anti-vietnam thing happen. conclusion, in october 1967, a massive march on washington. various number switch would 20000 and 200,000 are given. the average seems to be 70,000. these people come to protest the war, to toss in their d

cbs and viacom have formed a special committee to explore a merger.y say is the first step in potentially reuniting the companies. as you might remember, they were split apart by sumner redstone about a decade ago. melissa? >> interesting, bombshell memo could be made public as soon as tomorrow morning. sources telling fox news that president trump will declassify a controversial memo about alleged surveillance abuses at the fbi against the trump campaign. >> white house official says the president has read the memo, though it remain under review once the president approves its release, the white house will send the memo back to the house intel committee which has the authority to release it to the public, but again, they will probably find certain issues they have to redact. certain issues they have to black out before they release it. but finally, the public will have a chance to see for themselves what all political sides have a different opinion on. >> yeah, some of the interviewing today, have you congress people saying people at the top of the f

says he believes the cbs ceo is reluctant to go ahead with some sort of combination between cbs and viacom, something that has been talked about recently. in other asset classes, we are anching race, and this is interesting phenomenon. here is the 10 year yield in blue, and we see that climbing to its highest since early 2014. the dollar continues to push lower and lower. it is relatively unusual to see this kind of a divergence for this long with correlation between the two. it has indeed been falling. one more area we are seeing this risk off sentiment being felt -- two more areas, i should say, is bitcoin, which has fallen 42% in the past month. we have seen the air coming out of that, and marijuana stocks, most of which are in canada, why it is a canadian index. that is down 30% over the past month. it has been soaring, so the more speculative assets are definitely seeing moves. julia: let's get up check on the first word news with mark crumpton. mark: julia, thank you. house republicans have released a memo that they say shows surveillance abuses in the early stages of the fbi's inves