>> i like it >> viacom.ntage chance on it, wh is the percentage chance that disney makes a bid for viacom, which is going through a crazy war between the board and the cbs. >> we should do a movie and a book >> maybe viacom could produce a movie abouitself and the problems it has with itself. did anybody follow that? do you think disney would make an offer for viacom. >> it has to figure out it will lose the bidding war then disney has to figure out it will lose, then figure out what to do next, because it told you it thinks it needs to get larger and then look around for assets. so it either has to try to buy discovery scripps, and that's not going to be a cheap price tag. then viacom and shari redstone have a problem, if cbs and viacom don't emergency -- i think amazon is the best buyer for cbs. >> you think amazon could buy cbs? >> i do. >> i thought they wanted to be more asset light, ott, you hear a lot about that, over the top, not owning that basic -- i hate to use the term old school table asset. >>

michael: we got out of viacom recently. and ie tired of the story think the risk-reward was just not there anymore. we do maintain a position -- maintain our position in cbs. we one of the best outcome for both companies because we had ownership in both. at this point, beating out of viacom, if that deal goes through, i would like to see it allows cbs to run the business the way they want to run it. that remains to be seen, given the ownership issues there. i believe that either viacom or cbs likely could be better run independently or as add-ons or bolt ons to somebody else and especially in the case of cbs, with the media landscape changing as quickly as it is. vonnie: do you have a preference for who might lead a combined company? michael: those questions are always difficult to answer. the current management team at cbs has been a decent job although recently, the stock price in light of some of the rumors of discussions here has been beaten down. if you look over a longer period of time, the combining of those companie

so does viacom. in the uk and germany and italy, with sky you have got content -- look, the world cup is going on today. that's the biggest eyeball gatherer that we can think about. it makes super bowl look tiny. and so the notion of content of both sports, news, and entertainment globally, and leave events and particularly going after millennials and particularly going after the mobile is an important element who else is out there? first of all, my clients are the happiest if there is a continue use of 41, 42 cash coming back by comcast and fox will decide whether they have to up the bid or change the terms. this was not only a higher terms, but it was the terms of trade that changed, part cash, part stock by disney and look this makes sense for everyone then what else is out there. >> zaz love has a wonderful business in europe at discovery. clearly, some people may want to have wireless. but you will have to aggregate a lot of content producers i think viacom has a very good non-u.s. asset base. i

you wonder what's going on over at cbs and viacom and paramount is over at viacom, look at that, someone malone, who has been an advocate of consolidating content for some time there's going to be a lot of movement in the marketplace as a result of this decision finally being made >> hampton, as someone who has spent times sitting in a courtroom and listening to results from judges, judge leon what he wrote and the comments he made, how unusual was that in terms of this outcome? >> it certainly shocked all of us who were in the courtroom the courtroom was packed you could feel the tension and almost cut it with a knife before the judge started to speak. to pick up on what kay was talking about, a real surprise in the courtroom was the idea that not only was it approved and a clear win for at&t/time warner, but the no conditions piece, some of us had speculate that number one, it was uphill for the government all the way d thgeneral consensus going in was people thought at&t would, quote, win, but thought conditions might be attached either related to possible arbitration of one kind orot

will short cbs and buy viacom.d love to own cbs cbs has growing cash flow. and so once that deal gets done, we think the redstones are going to be appropriately had open to alternatives >> but is that the same case, charlie, people who used to own twitter maybe still do just because they think it's going to get taken over >> no. that's the beauty of cbs you don't need a takeover. we're arguing the stock is cheap now because the community is shorting it in anticipation of a deal that's forced impossible and retire the fact of the matter is it's a great company with great assets that will survive with or without les. he's done a wonderful job running that business. but it's a spectacular library they're not hurt by cord cutting in the way that a viacom is. and so a combined viacom/cbs is going to do very well. >> all right let's go to your favorite area which is fang for just a second. the information today reporting that amazon is con tell plauting offering home insurance as an o offshoot of its work smart devices w

for instance, our parent company viacom was just bought by digiorno's, d that doesn't affect what we sbarro's, is it the devil's pizza. all the pedophiles who love it, yes. now isn't it time we del-of-into the world of corporate mergers and look at how media koition could lead to monopolies and consumer choice, but luckily we don't have time for that boring shit because america just won the world hosting responsibilities. >> now to breaking news about the world cup moments ago soccer's governing body announcing that i joint north american bid by the u.s., canada and mexico won the right to host the 12026 games beating morocco 134-65. >> there were concerns about the president's travel ban president trump sent three letters to fifa assuring officials that foreign teams and their fans will be able to travel to the united states if north america is chosen. >> trevor: okay. quick question, why is trump promising he will all people to come to the united states in because even if he won a second term he would be done in 2025. that is somconfidence right there. don't worry in 2026 i will al

what does that mfor cbs and viacom? whthat mean for discovery?ompanies try to get scale compete against some of the big technology companies. >> it is going to be a salami of m&a in the media -- it is going to be a suit on the -- it is of m&a innami the media. at&t says it's not that they will dome market. th 800-pound gorilla isn't silicon valley's weather guys who will run the media going forward. scarlet: i want to pick up on something you said earlier, that the world has changed dramatically since they put the deal together 21 months ago. survive?maller players are they able to survive if they have to stay on thei own? >> i think the challenge for media companies in general, certainly smaller ones, is to have unique content, so discovery is making some big investments in some sports content, some european sports content. cbs, obviously, they have what they believe is the best network in the u.s., and it is showtime. the second thing companies have to have is they have to develop a direct relationship with consumers. a direct billing relations

. >> cbs, viacom >> we own that in addition we own distribution companies on content then what we did joe. we created an etf, but we also created something called a media mogul. we track what john malone is doing. we track with brian roberts is doing and what is going on in that world >> you just said that at&t, you know, it's a good deal except if you look at the price, basically. >> no, not necessarily the price was fine i mean, you know, they have -- they picked up $50 a share in -- $53.75 in cash times the 800 million shares they picked up $40 billion of debt so they added $60 billion to debt then they had to issue stock based on the transaction last night and the number of shares they issued which is below the collar, they issued approximately 1.1 billion shares on top of their base so that is going to be absorbed by holders that don't want to own at&t they're going to be absorbed by etfs that have to make adjustments. it's just the short-term -- i think it'll -- it's a work in progress and randall is coming on at 8:30 he's going to have some interesting dynamics >> let's talk re

viacom,-and-forth with that has quieted. all of them gaining, ashe speculation about what other deals will get done. elsewhere, netflix is at record. goldman sachs now has the highest priced target on wall street, $490 a share. the erage is $336 significant positive cash generation in 2022. this year will be the peak negative cash flow year for netflix. intel rising after the company introduced the first graphics chip. that happened during the day yesterday. w're still seeing a lift today. there is a general that in some makers again. two bonds, in advance of the fed, watch the 10-year and everywhere in the curve. the 10 year, not much change, 2.96%. there en ermous change already leading is. rter end. we have seen the big gains, a point gain in various treasuries. two-year has the biggest, causing a flattening of the juncker. -- the yield curve. 10 in the middle and 30 on the bottom. shery: thank you very coming up, -- thank you. speaker ryan strikes a deal to avert a republican rebellion. why congressman dave sees e that i

. >> it's not just fox, which is up dramatically this morning but cvs is up, discovery is up, viacomup i don't know what people expect there, frankly. >> i'm working on that. >> that's still viacom and cvs probably in a hold pattern until october when chancellor br broushard hears what is going on. >> consolidation that's the other hot sector good interview yesterday with julia and strauss. he's not a seller. he doesn't want to sell. >> e sports aren't they a center of that? >> e sports is incredible. >> gm new cfo chuck stephens resto retiring after 40 years. and the new ceo is a woman. now gm is run by two women. >> chuck is laying out a vision that is so much beyond the switch around. stock is incredibly inexpensive. >> if you're randall steph and you've gone through the incredible amaze for 18 months to get your deal to the finish line and finally you're done, you wake up to see your stock down to, you know, down another 4% not that far off its -- not -- all right. not at the 52-week low but not doing great. how do you feel? the market has it wrong? i'm going to dominate? i don't

so plan b may be cobbling together names like discovery or viacom >> i don't think anything else hasd they have a great library and international assets the question is how much do you want to pay for it there's one other point that has to be made i don't know how important tax considerations are it may not be important and comcast has a higher bid but if they are important, if it you're in a blue state or a state where your tax rate on a game is 37%, that almost wipes out the spread in the offers i think comcast can go higher. i think disney's offer is attractive right here. and i think if you can do it without expending cash you're in a world where your probably competitors that able to spend that money as they want. they announced a new pricing pattern. $11.99 you can get youtube without commercials which is is the equal of spotify youtube has never made a real push to develop story type entertainment content. they have the power to do so what netflix has demonstrated and what amazon b is is going to demonstrate that the key is the ability to attract talent, manage talent. it's bu

cbs, viacom. at&t higher but wait for that at 4:00 p.m. treasury yield ahead of the fed, 2.96%.it's been up two days in a row, increasing higher. a peek at the financials. we'll hear from the fed tomorrow. the financials, on the other hand, have been pulling on the dow. jpmorgan, goldman, travelers, american express, about more than 30 of the dow points are due to the financials. so the fed's fomc meeting started at 1:00 p.m. eastern time, it is under way, and tomorrow we'll get most likely that rate hike, trish? h: we'll be watching for it. thank you so much. you must tune in for our coverage, live here tomorrow's big federal reserve decision. big question, will they raise interest rates for the second time this year? you can find out at 2:00 p.m. right here on fox business. the conversation doesn't end here, i love hearing from you. head over to my facebook page, head over to my twitter account, don't forget that one, otherwise you end up with the dolphin lady, and don't forget to "like" my personal a facebook.com/real trish regan. it is an important time, and i think that eve

companies who could be buyers or sellers let's walk through those cbs doesn't try to merge again with viacomr will cbs get bought we'll see what they do discovery, amc networks and lionsgate, they have the content that others need or want they could get bought or try to merge with each other and get bigger but they would still need distribution then there are the wildcards, companies who may jump in the merger game or can continue to go it along. these are the biggest and richest companies that you know. netflix, facebook, apple, amazon all these companies have been long-rumored to be buyers of content or entire companies. netflix and amazon continue to spend billions on their own content. you heard laura martin yesterday on this show tell you that maybe amazon could make a bid for cbs just to get distribution you also have the soon to be joined combination of sprint and t-mobile hanging out there they could try to get something done once their own deal closes. it's media merger mayhem hopefully made more digestible let's bring in arash masoudi hopefully you could follow that at 5:05 eastern

not disney will end up as intended and then parallel, we have, of course, the ongoing drama between viacom and the reality is that so many different combinations are possible, depending on how each of these play out. it's not unrealistic to say, if you assumed that the, say, at&t lost, which i don't expect, but if they lost and time warner was out there and meanwhile, say, cbs manages to get the upper hand in their negotiations with viacom and they manage to somehow, i don't expect this, but dilute the redstone stake, then all of a sudden everything is up in the air, absolutely everything is up in the air in terms of what combinations are possible there will be combinations that just seems to be the one certain thing and the biggest question is what are the synergies that different companies think they can realistically get. fundamentals in terms of the operation of the industry almost don't matter right now i think there's a consensus. >> almost don't matter in terms of the prices willing to be paid because our own david faber is already reporting that comcast is likely to put out their b

certainly in the case of viacom which affected the overall price.this case, you'll not have that as an issue >> larry, somebody is going to go away disappointed and lose out on this bidding war. what happens to that party, whether it be walt disney or comcast and are there other media companies at play in your view when one of them walks away from this. >> let's go to the other media companies. the one that never gets discussed is sony. and sony is sitting there with a film business and some marvelous global cable works and i think they got $400 million in cash flow and sony has largely become a game and imaging company and i think the folks in japan would be very well advised to put sony pictures entertain mement a surprise for the losers. so i think sony is one to watch on that plain. with regard to the deal i think that the key thing is disney has more power than comcast. and just to go to one of the things nobody is talking about right now which is sports betting legalization thing rupert really understands sports betting. he owned sky which spu

the wall street journal explores the life of the media mogul sumner redstone and the future of eds, viacom in squeezed, executive editor of the economic chip reporting project examines the lives of middle-class families to make ends meet and offers potential solutions. also being published, carmen gillespie looks at how social media determines what user posted content to censor or promote in a failure of the internet and helen thompson explores the lives of nine people with rare brain disorders in unthinkable. look for these titles in bookstores this week and watch for many of the authors in the near future on book tv on c-span2. >> the old name in the village with obsolete in 1949 when the communists the mainland and proceeded to relay history and street names and names. the local registry in new york city, no one had ever heard of the place. a nearby police station, officers said little and offered less. we resorted to pestering strangers, pedestrians, cabbies, peddlers, for some sign of mining. quickly, the inquiries fell into a predictable sequence. an initial moment of hope, a diverge

. >> and the war between cbs, viacom and the redstone family, you you're willing to ride it out?ah. they're one of the media companies that's not only a survivor but they're prospering in the environment they should be worth 14 or 15 times earnings when you have netflix selling at $150 billion and cbs is in the $20 billion area there's tremendous opportunity there. >> cisco, qualcomm, cbs, some real ideas from david katz we appreciate it. >> thanks a lot. >>> all right, time to get to the other top trending stories landon >> that's right. well, indiana shut the doors after staffers revolted over the owner's canceling a planned pride event. despite employees and patrons leaving the gym in protest over the cancellation the gym owners doubled down on the homophobia in an e-mail a crossfit legal researcher who called himself chief knowledge officer unleashed a stream of tweets supporting the owners crossfit's verified national twitter account said i'm crazy proud of the gay community and crossfit later the crossfit account tweeted an update, effective immediately, russell berger has

the winner they've been dominating legacy players up nearl100% in 2018 fox is up 26% while disney, viacom&t are all in the red. who can catch netflix? we bring in alex sherman who spoke to the cfo of netflix. alex, what did he tell you >> melissa, similar to david's point. i think he said, not everyone here is going to be a winner just by getting bigger we're seeing all kinds of mergers. two of the things he told me, first not everybody't big. the strategic question is what type of business do i want to be in the next five or ten years? some brands are big enough to compete to be another netflix or another youtube and vy for the global consumer media dollar, but not everybody is going to be in that bucket so it's interesting, as all of these giant media companies come together, netflix, this is from netflix cfo david wells is sort of taking a look at this from a step back and ng, i don't know that i fully agree with what all you guys are doing. he even commented on sort of the direct to consumer o.t.t. services that really is disney's big step forward here he said, look, i'm not sure the

21st century fox entertainment assets, that's being sold at least now to disney, there's cbs , viacom out there so there's a scarcity value for this and there are players that want it . what bankers are telling the fox business network is if you look at all of the properties, they think we have some premium assets, what's left cheryl: sure. charlie: therefore it's what they're saying is there would likely depending o the ruling particularly if it's a positive ruling that there will likely be a bidding war for our entertainment assets that the disney deal is not locked down that comcast obviously is something we first reported, if they're going to go for it and there may be other players like other potentially tech players looking to pick-up content including this type of premium, so when i ask bankers who are the names out there names get floated around. amazon -- cheryl: i knew you'd say it. charlie: apple. netflix. cheryl: this is my small brain. >> sources at apple tell us no they're not going for it, a lot of people often say that apple wants to develop its own content cheryl: i t

i think viacom is too complicated. for me it's match. they get lionsgate and different thing. it's a great match i can can do a heck of a tevia >> we've had michael burns on many times >> think about where lionsgate was seven or eight years ago we had mr. icahn going after them every day in the media. michael burns stuck to his guns. now it's a stock that pete najarian is talking about being taken over by potentially comcast. so i'm with you 100% i'm not going to give away the ghost here, as they say. but i'm with pedro 100%. >> karen, it's your turn who wins >> who wins, i think disney wins also the regulatory head start is meaningful the cash/stock element is -- the stock part is enticing to rupert from a tax standpoint. the cash for shareholders who want ka cash comcast doesn't want to issue their shares at this level makes me think disis comfortable issuing their shares at this level. doesn't tell me what they think about disney stock however, i think they win. so where does that leave comcast? i actually think instead of looking at this kind of content like a cbs or lions

mergers, cbs and viacom and lion's gate and discovery.uld rule on an important case, wayfair versus south dakota will determine whether a state can force online retailers to collect sales tax. the ruling won'ting a huge deal for amazon because they already do collect state sales tax but will affect smaller online stores and businesses and companies like etsy in new york. >> coming up, first lady melania trump weighing in on the immigration crisis taking place at america's borders. what she's saying about the practice of separating families under her husband's administration. (baby crying) (slow jazz music) ♪ fly me to the moon ♪ and let me play (bell ring) the new united explorer card makes things easy. traveling lighter. taking a shortcut. (woooo) taking a breather. rewarded! learn more at theexplorercard.com eyes like gritty... ...dry... ...or watery? it could be dry eye. xiidra is the only eye drop approved for both the signs and symptoms... ...of dry eye. one drop in each eye, twice a day. don't use if you are allergic to xiidra. e ef

well i think as far as content acquisitions, i think lions gate and discovery, and possibly even viacomey do have good content, the discovery documentaries are pretty low cost to produce and can be shown over and over again and have a lot of value, but i still say it's action adventure which is why the fox assets are so valuable and in play, and it's really about marrying distribution with content and you have to have content because you could have all types of distribution platforms unless you have content people are staring at a blank screen. liz: howard as we finish up here you've got three media giants and we find this story very interesting, bob iger, brian roberts and rupert murdoch and i just wonder who gets the best legacy when it comes to if bob i ger doesn't win it or what brian roberts doesn't does this somehow put years of success behind them? i don't like that theory. >> i don't think any of these corporations are going to starve if they don't get the next big acquisition. i mean these are huge conglomerates that have movies and online but it's going back to your question b

cbs, and viacom is something that keeps popping up, cbs is in it with the national amusements but they're takeover bait and you get bigger and you can do it by the way i love this. it's fun, right? melissa: obvious. charlie: and byhe way the ceo of at&t just saved his job. >> or he would have been out otherwise. charlie: yes. >> crazy times in our in dust thank you, charlie, got to run. melissa: president trump is going o an afternoon storm on board air force one what the commander-in-chief is saying we'll bring it to you next. for our customers. it's how we earned your trust. until... we lost it. today, we're renewing our commitment to you. fixing what went wrong. and ending product sales goals for branch bankers. so we can focus on your satisfaction. it's a new day at wells fargo. but it's a lot like our first day. wells fargo. established 1852. re-established 2018. this scientist doesn't believe in luck. she believes in research. it can take more than 10 years to develop a single medication. and only 1 in 10,000 ever make it to market. but what if ai could find connections faster. to h

netflix and amazon are also always talked about and other companies that play could include cbs, viacomovery, amc networks, and the talk also has been about apple. it's big mountain of cash. apple could easily buy netflix. netflix market value is now larger than disney. it could easily eat up the majority of apples cash. that would be a gigantic marquee de if it ever did happen. that's the talk on wall street. >> bret: that's a lot of deals potentially. 21st century fox obviously the parent company of fox news channel. is there concern our costs and fees for internet streaming are somehow going to go up for all of this? >> there is concern over potentially higher internet bills, that the people out there will face. at the same time, another interesting move. the trump administration just got rid of obama era internet roles that stop the guys who own the tv pipelines from slowing down streaming content or charging more for faster streaming. companies like at&t theoretically could charge netflix or amazon more to stream at the same speed that they do now and then those companies could pas

. >>> when you sold bet to viacom, they own the stock will they get bit up because somebody owns it,wned it a long time there running bet. after that i exited the stock. viacom, cbs, amc, there are a lot of companies out there that have the ability to execute innovate compelling content. the question, at what point do they look at the landscape and say we can't win without direct and constant access, uninterrupted access to the consumer him and i think these are very valuable assets that one day someone will come along and say in order for us to emotionally check to the customer, using our distribution customer to enjoy the content and engage in e-commerce and customers to engage in advertising platform, those assets are going to be highly valued going forward, as i said, because the expansion of distribution the technological efficiency etching else is going to make the consumer having access to a brilliant resume, if you will, of content, but the question is, does the consumer benefit, in my penalties. the only way a consumer benefits if you have a universal box and buy it and pick

cbs and viacom are up, so down the line. those are very significant gains.ealth care stocks also up because there could be mergers in that industry as well. express scripts, aetna, cvs, all of them on the upside. just cigna down a tiny little bit. down a buck right there. jack hough with us to discuss what i'm calling a huge corporate deal in the, in the works i guess you could say. look, i'm saying that that, that judge's ruling opens the floodgates to the money guys, the apples of this world, the facebooks of this world to go into the media business in a big way. where am i going wrong with this? >> i think you're right. there is no conditions on the deal. you have to be very excited about this you showed a bunch of tv properties. if you're a tv small fry you have to be very excited. if you're a lionsgate, studio small fry, any independent operations will get snapped up. the moves in the health care stocks are just as big as the ones in the media stocks. surprising to me. stuart: merger madness, if you can call it. >> i think there will abiding frenzy. i t

possibly buy viacom because they have the paramount studio.n malone out there with some properties, discovery, lions gate, and some content, but it is a different kind of content than the studio offers, the studio and the distribution networks they have, and the international. can't shortchange that. i think they both want that international distribution with sky. david: how much of this is the library and the franchises you have with the studio, simpsons and all that, and how much is the distribution rights, the channels and things you specialize in. >> i think the channels are very important to them. i think that is one of the reasons they want all the content. the more channels you have come with more places you have to repurpose the content in different ways to the consumer. that is very viable long-term when you are looking at a strategy going direct to consumer. don't forget that all the digital information you get off of direct to consumer is really, really important. i think we have hit the tipping point on that. i think you see how th

alix: first it was at&t and time warner and now viacom and now the media is consumed with disney's battleonalik patricof basak. let's start with disney. mark, welcome. i know you had a piece of that deal, so we will not ask you about it. is comcast going to bid? i guess that is the first question on people's mines today's -- mind today? sonali: there are definitely tax implications and the valuation now is sky high. is camey knows content and something that is a valuable asset on the market today and that is where the story lies until we see them make a play. david: ultimately, you will find out if it is working -- worth it after the deal is done. three stocks have done, 21st century fox is through the roof, way up. it is interesting to me that disney is up on the news of this pretty high bid and comcast is up a bit. i wonder that is because shareholders are thinking they will not get it. reportedhen we yesterday disney got regulatory approval, comcast rose on that news as well. it is inching higher the more the likelihood goes down. david: mark, i want to turn to you, what is driving all

yesteay, lions gate, cbs, viacom, all of those shares were rising.it easier for these companies to be bought. alix: the same thing goes for telecom. is this a t-mobile-sprint again? verizon also? they are leaning away from content. knee-jerk it's a reaction to assume the court ruled one way on this transaction at all types of transactions are now somehow good. i don't think it works tt y. you could get a different judge, and as you profiled earli said the government to approve the facts of the case. that doesn't mean they cannot the facts of blocking a sprint-t-mobile transaction. i'm not sure just because you lose one case, a person that gets to that point in their career, means they quit and do not find any other murderers out there. i know that will be the knee-jerk reaction in the market but that is incorrect. we will have to see how those meers play themselves out. david: explain the fox deal. after this decision was announced yesterday, the fox price went up, but both comcast and disney went down. that is presumably because they think comcast w

verizon, the big internet guys i think you go down the food chain of impactful content so cbs and viacom are inne ukt about. if the redstones were willing to negotiate i think there would be a lot of interest. i think then you could look at some of the discoveries of the world and the liquon'sgates of the world. the question is internet guys netflix and amazon they have done so well with content they have build it versus buy menity. the real question is how to be successful in exclusive content. amazon and facebook. you could look at those guys to make acquisitions. facebook in ticket they bid against fox in the contradict rights in india and around the world very popular in india. i would keep an eye on what they do. >> barton, i'm thinking of brian roberts when he gets into a bidding situation he usually comes out on top there are a couple of things at play here. one would be price, and form of payment. as i understand it comcast is offering to pay in cash and may be offering a higher price than disney how much of an advantage, if at all does that give to comcast. how much of an advant

reporter for "the wall street journal" explores the life of sumner redstone and the future of cbs, viacom and the rest of his media empire. and in squeezed, executive editor of the economic hardship reporting project, alyssa court, examines the lives of middle class families struggling to meet ends meet and offers potential solutions to their problems. also being published this week, sociologist tartton gillespie looks at how social media companies promote in custodians of the internet. and helen thompson explores the lives of nine people with rare brain disorders in unthinkable. look for these titles in bookstores this coming week and watch for many of the authors in the near future on booktv on c-span2. .. >> it's 7:00 so i'm going to get started. my name is liza and i'm going to try to

there's been some speculn they may have had talks to buy cbs or maybe a combined cbs viacom, that the two companies come together at some point, but they announced a new ceo, and he's the cto, which indicates verizon may be more focused on improving the wireless network for next generation wireless, 5g, rather than buying a content company. >> what about with charter, alex >> reporter: yeah, so, charter is in a similar boat in the sense that if the deal approved, theoretically they can buy content companies. john malone owns a portion of charter andstake in other content companies lion's gate, stars, discovery he's been a a big proponent, called the cable cowboy, proponent of putting together thassets having a giant company theoretically that could offer content and distribution that's all, of course, hypothetical at this point, but if the deal is approved, chapterer cchapte -- charter can go down that route, and if not, they are a takeover target potentially from verizon or even combined sprint, t-mobile of course, they'd need to merge first, but they could go to a cable company if t

. >> you replaced it with discover with viacom? >> no.'ve got those nothing. >> next star next star? [ laughter ] >>will soon have another ticker to add. we give it a market cap of just over $2 billion. they compete largely with sam's club and costco. >> costco broke out last week. costco has been a horse. the numbers. even though they put an increase on members still really good. relentlessly positive stock, costco domestic largely they have so in asia and mexico and canada. >> i made a list of the break outs in retail last week rh for sure. >> oh, my. >> costco, to a lesser extent. lululemon, etsy. >> yeah. >> and goose. >> yeah. five below but yes canada goose was extraordinary. as david mentioned, china likes it we had a cold winter but it doesn't matter. >> no. it's the status. it's a status symbol in china, which is -- >> right. >> it's an important part of their demand. >> my wife caught a lot of canada goose but not the ones with the fur. >> right. >> because of the prest against whatever. >> right jim, where do you want to be in

. >> and the -- and the companies that produce it, whether it's fox or warner brothers or viacom, they'rere. >> they need distribution. >> and they istributio >> the question is, are the telecos going to be allowed. >> well the netflixs aren't telcos, of course. >> there's a lot to chew on later with that decision >>> also coming up on "power lunch," let's go shopping. from indoor furniture to outdoor boots, two big retail movers to t toge we'll have the details next for you on "power lunch. >>> investors going shopping in the retail sector again today, particularly rh and lands end. check out restoration hardware up more than 30% the company beating on the top line, missing on revenue, issuing very strong second quarter epf and revenue guidance, though gross margins also improved. big short squeeze in that stock. also check out lands end it's another winner, a big rally there, up more than 22%. the retailer reporting a smaller xpected loss and also beating on revenue same big stores reported its fourth quarter of top line growth, though, and thas certainly enough. double digit moves in r

and cbs shares were up more than 3 percent, while 21st century fox was up more than 7 percent and viacoming, post- close, on expectations of a merger wave that we see as sensible-but not without risk. the ruling may lead to more mergers moves because it raises the perception of a "more lenient regulatory environment" for acquisitions. losre: how a fed rate hike impacts credit cards, mortgages, savings rates . . .the fed is raising rates today and in the near term. borrowing costs will head even higher for shoppers. the good news is some bank customers will start to see noticeably higher savings rates. americans with credit cards, adjustable-rate mortgages and home equity redit would see their monthly payments rise if the federal reserve lifts its y short-rm interest rate by a quarter percentage point to a range of 1.75% to 2%, as forecast. car buyers may feel it, too, though they're still benefiting from a competitive auto loan market that's keeping borrowing costs low. any effect on 30-year mortgages and other long-term loans would likely be muted. winner: u.s., canada and winner: u.s.,

really, the question on cbs and viacom and that fight that we were talking about every hour for some now put off to the courts in delaware until potentially october, which is a long time to wait when you have the desire to put the two companies together given how quickly things are changing in the world with whether it's the fight over the fox assets between our parent company and disney whether it's the time warner closure by at&t. netflix continuing to increase dominance. it's hard to sit there and wait if you have a strategic view that apparently is what shari redstone is stuck with doing now until we hear from the court it comes back to the power of their holdings there to exert their will they want to. >> intel, of course, was a big story last week. the journal today has a bit of a tick to be on the timing of this episode which he did lose his job. saying the affair was before he was ceo and ended several years ago. the woman continues to work at the firm does not hold a senior role at the company. said uncertainty about the company's long-term perspectives said the departure is

speaking of streaming, viacom be produce nick content for netflix.risk, of course, drives the audience to netflix rather than cable channels. if they don't merge, do they need growth strategies >> certainly the risk is lower now because the horse is out of the barn in terms of where people are watching when netflix came around, people thought it was a new syndication, and it just operated that way as well. also, from netflix's point of view, soon going to lose disney content. >> true. >> they want to make it kid-friendly and fresh. >> a win-win, but a risky -- a deal with the devil. >> right you don't want to make your whole business necessarily and abandon your own channels. >> at least for now, and all depends how they tie up anyway netflix year to date up 116% more than doubled. result of part one of the federal reserve annual stress tests coming up. news and analysis after the break. >>> welcome back, eighth straight day of declines, dropping 2 hurgs points today, and meanwhile, the russell and nasdaq closed at record highs yesterday, giving up 1

whether you look at the group overall, at wedbush, analyst saying watching for cb and viacom, pencilhat in. will he scoop up more content. discovery, lions gate, part of those he owns, charter. verizon will they scoop up anymore and sprint an t-mobile. the highest level in about three months, helped by charter, disney and comcast. back to you. neil: nicole, thank you very much. comcast is challenging disney in the bid for 21st century fox assets. charlie gasparino, first on story, all over the story. >> we broke out yesterday it would come out after the bell. it was known it was coming out. we didn't know when. we got the tip on that yesterday. we did it around 3:20 i would think. neil: now what? >> here is what i would say. not so fast on all these deals happening and just, i'm not saying they're not going to happen but here's the thing, in the next few days we'll figure out, we'll find out if the doj is going to appeal the at&t time warner verdict. now the at&t time warner verdict, decision by judge leon thee redally opens floodgates. you can do one of mergers, that merges big dist

do this dance between cbs and national entertainment and whether they get freed up a merger with viacomre on us so a lot of people say we are in play, if there's a grey or positive at&t outcome, and we're in play in a major way. neil: what if the at&t deal goes through with time-rner the way it's expected by and large, we're obviously still in play but other categories and players come into this. charlie: well then you have verizon looking at cbs. if a judge allows this -- neil: that whole area has been. charlie: remember the old days they say vertical mergers are good meaning you have different types of companies merging together, because there's no overlapping and no way to create a monopoly. the justice is department is saying when you have a big distributer, different product, content, different product if you merge that together you could control the content and basically squeeze competitors that want that content. if that happens if they go through how could comcast legitimately mid for us? they're basing their whole attack on the nbc model so i'd say listen here is the whole thin

they're waiting to see, maybe we can do the same thing and it's not just 21st century fox but cbs and viacomn saying we need to compete and we'll see if we can buy cbs ourselves. there could be a consolidation in the market which would mean bigger players than smaller players. we're seeing the media stocks all climbing higher. you're seeing 21st century fox up over 7%. time warner up 4% and cbs up 4% and you asked how will consumers be affected. the argument is that maybe we'll have to pay higher prices in the long term because these companies will have such domination over the markets but if you believe in free market, that won't be the case and maybe just more innovation. >> bill: good stuff. say the last name, christina. >> it's partsinevelos. >> sandra: i tried to tell him. you say the "t." >> yes. >> sandra: great to have you on. >> bill: there's been a movement of the stock and disney's been on this. you can get a challenge from com cost and there could -- comcast and there could be other suitors. it's partsinevelos. >> sandra: great reporter. >>> meanwhile, mike pompeo picking up on k

of the few remaining big players out there that could be bought up as assets when you look at cbs, viacom, fox all those big jumps in the stock price yesterday make sense to either of you? >> makes sense to me as you were talking earlier, we lowered the rating on comcast for similar reasons. i like comcast a lot on a fundamental basis. going after the fox assets in things they need to go after leverage is going up you're looking at a prolonged period of uncertainty about howg will this happen >> if you're brian roberts, how does he lose it's a win-win if he wins, he gets it if he makes disney pay more, that's a win when do these guys -- would they call each other up frnlg>> they have not wanted -- emotions are running high still. that's the place -- >> is no love loss >> there's really no love loss now. >> which is also fun to watch. >> you could imagine a scenario under which they allow them -- disney has no interest in backing off. >> who can afford to pay more? comcast is in a better position. >> not necessary limit. >> once they get the stuff, it's not more important for comcast to ge

a moment ago viacom cut a deal with netflix. they have serious issues. movie pass i think it's a brilliant idea in terms of the movie pass. the problem, though, it might be too good of a deal. initially it was like unlimited movies, $9 a month. they are losing money. they lost so much money the stock has gone from $4 to 31 cents. i've had the ceo of the company on my show a couple times. it has amazing potential but can they make it in time? their goal is to gather this information and to understand movie goers and be able to use that for movie makers, marketers, advertisers. a brilliant idea. again, will they be able to survive all this? and also, maybe they're getting a little distracted. they tried to put it into play. last thursday they debuted their own movie gady starring john travolta -- gotti. >> bill: they are looking for a market that is fleeting. >> a shrinking market. the movies are changing. you can order food and things like this. it has to get better. i'm loath to completely write off things even as we have these dramatic changes creative

i think this thing is going to rival the paramount qvc viacom fight in the early 90s.guess by the time it's finished, the fox stock will be out probably another five or $6. maybe that will take five to six months to play out. i think the stock that loses is going to be very attractive. the one that went is probably less attractive, but at the end of the day the transaction price will be more than what the market would like in the markets reasonably amorphous. i don't think the market is going to like fox asset. >> larry, good morning. mitch roschelle here. the thing that is prett clear his content providers and those who own the distribution are looking like they need to get together. regardless of the deal place outcome is this a trend with massive consolidation in this space? >> i really don't think so. you have to go back 17 years to the aol time warner thing. i thought the comment of randall stevens and over the weekend was pretty interesting that he was more or less have a new guy running the time warner asset. but they are really going to more or less run themsel

how to roll up some of these al toid sized players, amc network lie own's gate intierpt even cbs viacomd also, about potentially be more -- open to kind of getting acquired as a result of this rush arms race. >> amazon going to be there i guarantee amazon a buyer, big time big time. >> i totally agree landscape is changing. >> hit grocery stores why not ntent. >> next great to see you thanks very much great conversation we pressure it president trump returned from historic summit in singapore with north korea kim kim jong-un -- with kim jong-un hillary good morning. reporter: president trump arriving back after 21-hour flight from singapore, checking north korea off his to-do list, after a successful summit saying, there is quote nolonger a nuclearhreat from nth korea, writing this morning before taking off people assuming we were going to war with north korea, president obama said that north korea was our biggest most dangerous problem. no longer, sleep well tonight. >> last night in interview with sean han president trump credited with kim preventativeing all-out nuclear war without f

now for fox there aren't that many mega media acquisitions left now people talking about cbs and viacomly but to have an asset the scale of fox, there aren't that many like that which explains why they're willing to spend so much money to acquire it. >> it's also after judge leon's decision which makes it a whole different ball game for everyone i'd still call that $28 insulting. just got to call it what -- can you say anything you agree with me on that, novak? or no comment? >> no comment. >> no comment, all right it's going to be interesting to watch today. this came -- i guess we should have expected it >> what this tells us, again, these key takeaways are the disney folks are still working very closely with 21st century fox. by doing it this quickly, it still gives comcast a chance to respond. >> we're talking about an eventual yule price of 50% higher than what they originally agreed on. i don't know who looks bad from that it is a different world already. and things have been marked up since then and there was the at&t decision. but seriously, rupert who's a smart businessman is g