of viacom in 2016 before it merged with the cbs corporation. moonves, the former head of cbs, was fired in 2018 over allegations of sexual misconduct. coming up next-- why the school bus driver is even more important than ever, even with so many kids learning from home. . to help you prepare for the future, without sacrificing what's most important to you today. because with fidelity, you can feel confident that the only direction you're moving is forward. ...i was just fighting an uphill battle in my career. so when i heard about the applied digital skills courses, i'm thinking i can become more marketable. you don't need to be a computer expert to be great at this. these are skills lots of people can learn. i feel hopeful about the future now. ♪ ♪ smooth driving pays off with allstate the safer you drive the more you save ♪ you've never been in better hands allstate click or call for a quote today there's my career, my cause, my choir. i'm a work in progress. so much goes into who i am. hiv medicine is one part of it. prescription dovato is f

of the top of the tech market >> it is interesting that some of the traditional media stocks, fox, viacomzon, these stocks in the green is that a rounter play to what is going on in tech? >> yes, you can call it a welltive pull back and there was bids in a lot of traditional value sectors. that is a net positive today it seems it is a little too heavy in terms of the selling in the heavily weighted growth stocks to really take it in there is no doubt about it that there are times when the market says we got a little too extended they look like they're cyclical or outright expensive. >> should we give a shoutout to your mystery trader as you tweeted the other day saw it coming >> yeah, he thought friday was when he felt like it was a short-term sell. take some off of the table i think you can certainly give him a nod and no one has any idea who we're talking about besides me, but the main issue is i think he uses the type of approach that a lot of people that have been around a long time do. i'm seeing too much speculative activity out there maybe further momentum doesn't look like it is n

. >>> in honor of nfl returning, viacom cbs i bought it in may. >> josh brown, quickly from you. >> verizon, 4% yield, sting long. >>> good stuff thanks, everybody, "the exchange" starts neo the markets are struggling today, but we're down 122 right now on the dow goldman just out with a big call on q3 gdp. >>> plus from walmart to movie theaters to home depot, we're going to talk with the ceo of one of the country's biggest real state landlords. >>> and pumping up profits, all ahead of us today, and maybe some pictures of work from home. >> i have a feeling we'll see some of those in the rapid fire segment. as kelly pointed out, we have struggled to find some kind of direction. as you can see here so far, at this moment in time looking at fractional losses for the major indic indices. similar percentage move for th s&p 500. the nasdaq outperforming, only down about 0.25%, about 6% away from their recent record highs the other place we'll look is signs of stress elsy in the market we're not sees as much of them in the market right now. these two etfs call investment grade or high junk bonds

viacom rebranding its former cbs all access digital service as paramount plus.will happen in early 2021. viacom is up 1.7% because the new streaming option is set to do battle with apple tv plus, at & t's hbo max, comcast peacock and disney plus which is entering eight new european markets today and of course, original content king netflix, whose market faithful are clearly not worried about new competition. netflix up nearly 4%. disney is flat. apple down about 1%. comcast up 2.7%. at & t slightly lower. >>> from binge watching to bingeing at the baseball diamond. steve cohen, winning the bidding war to meet the mets, and the man who broke the story wide open and then continued to hammer it is charlie gasparino. oh, yes, and he's here next. rock on with your bad self, charlie. stay with us. introducing stocks by the slice from fidelity. now you can trade stocks and etfs for any amount you choose instead of buying by the share. all with no commissions. stocks by the slice from fidelity. get your slice today. every curve, every innovation, every feeling. a produc

when viacom spun off blockbuster in 2004, they saddled them with a billion dollars of debt as their goodbyeiss. the covenant on that debt severely limited blockbuster when they attacked us. that was one. another one is blockbuster had us on the ropes, and then carl icahn got elected to the board of directors to blockbuster. he fired the ceo over some silly bonus issue and they completely changed strategies. all these things have been incredibly lucky strokes. so you need both and luck, which i'm am sure you have experienced. david: i have had a lot of luck. let me ask you, for those who may not be familiar with the new book you're coming out with, in rules," in that book, you describe that you at one point wanted to go to blockbuster and sell them the company for a modest amount today, $50 million. reed: totally. in the early days, we were like ockbuster is going to wreck us as soon as we get big. " we were almost right about that. we went to see them. they were very polite, but they were not interested. david: had they bought the company, where do you think blockbuster would be today and w

author bob woodward for his up coming book rage, published by an assignment in schuster, division of viacom, cbs. >> i didn't like what i said as we to become. >> reporter: he called the book of political hit job. >> if bob woodward thought it was bad, then he should have immediately gone out publicly, not wait for months. >> reporter: president trump also acknowledge the existence of systemic racism. >> okay, but is it here in a way that is having impact people's lives? >> i think it is, it is unfortunate but i think it is. >> reporter: kamala harris travel to the battleground state of florida, to meet with black leaders. >> real leadership will always be about leaders having the courage to speak the truth. >> reporter: a recent poll shows both presidential candidates in a dead heat in that state. >>> do we know what the presidents supporters on the ground are saying about the woodward case? >> we have a producer on the ground in michigan, asking that very question, and the number of supporters he has talked to indicated they are not bothered by the discrepancy between what the president t

. >> does viacom have a problem?tty hands above. >> reporter: could you guys ever imagine to be where you are today? >> no. >> billy joel comes home to a shock on long island. >> reporter: every now and then they'll use clips from my newscast on wcbs in new york. >> we have people in other countries who know who maurice dubois is. >> under six administrations, who has been the coolest president that you've worked with? >> well, there is not a chance i'm going to answer that one. [laughter] >> reporter: they met when they were young and in summer school in the bronx. mero, who's family is from the dominican republic, now lives in new jersey with his wife and four kids. desus, who's parents are from jamaica, still lives in the bronx, and until covid-19, still visited his favorite bodega. in the late 2000s, they started gathering fans who followed their early twitter conversations conversations. and then their bodega boys' podcast. and now they're in a league of their own. >> how much do you know about us? >> i know qui

it's published by simon & schuster, which is a division of viacom-cbs. scott pelley spoke with woodward and asked him how the president responded to questions about racism and white privilege. >> reporter: woodward's interviews took a sharp turn may 25, after george floyd was killed by minneapolis police officers. >> black lives matter! >> reporter: the black lives matter movement... >> black lives matter. >> reporter: ...reignited. >> i got it. >> reignited. >> i go >> do you think there is systemic or institutional racism in this country? >> well, i think there is everywhere. i think probably less here than most places, or lease here than many places. >> okay, but is it here in a way that it has an impact on people's lives? >> i think it is. and it's unfortunate. but i think it is. >> reporter: woodward asked mr. trump if a privileged life left him out of touch. >> and do you have any sense that that privilege has isolated and put you in a cave, to a certain extent? as it put me and i think lots of white privileged people in a cave, and that we have to

viacom's bob backish with the newly rebranded service. tiktok and so much more.n't step around puddles. and wet shoes, not cool. you know what else isn't cool? those cheap leaky diapers. because with luvs, you get the pro-level leak protection you're looking for. luvs, parent like a pro. how did you come up withd opened all these backstories?tudio. i got help from a pro. my financial professional explained to me all the ways nationwide can help protect financial futures in peytonville. nationwide can help the greens get lifetime income because their son kyle is moving back home and could help set up a financial plan for mrs. garcia. and he explained how nationwide can help mr. paisley retire early and spend more time with his pal, peyton. and their new band. exactly! yeah. don't forget the band. i haven't. >>> welcome back to "squawk box. futures indicated. on the dow, premarket session. nasdaq indicated up 126 points the s&p up about 24. tough on a short week. the technology stocks. >> thanks up, joe. the host this hour viacom joining us now on cnbc bob backish,

it's published by simon & shutter, a division of viacom-cbs. >> woodward's interviews took a sharp turn may 25th after georgo floyd was killed after minneapolis police officers. the blacks lives matter movement re-ignited. >> you think there is systemic or institutional racism in this country? >> i think there is wherever. itch think probably less here than most laces or less here than many places. >> but is it here the way it has an impact on people's lives? >> i think it is. it's unfortunate but i think it is. >> woodward asked mr. trump if a privileged life left him out of touch. >> and do you have any sense that that privilege has isolated and put you in a cave to a certain extent, as it put me, and i think a lot of white privileged people in a cave and that we have to work our way out of it to understand the anger and the pain, particularly black people kneel this country. >> no. >> do you see -- >> you really drank the kool- d kool-aid, didn't you? listen to you. wow. i don't feel that at all. >> he was rid cooling me for reflecting what the whole movement after george floyd is. >

i'm going to go with viacom cbs here this stock acts really well for a stock down 30% on the year looksdn't hear your dogs tonight. >> that's exactly right because i have them sequestered. they were put in a separate room so you didn't hear rocky or russell today. number two, i think dan is wrong about oracle i think you sell it here number three, i think houston wins outright. number four, you do this all while eating a mcdonald's hamburger which continues to rally. >>> my mission is simple to make you money. i'm here to level the playing field for all investors. there's always a bull market somewhere and i promise to help you find it. "mad money" starts now >>> hey, i'm cramer. welcome to "mad money. welcome to cramerica other people want to make friends. i'm just trying to make you some money. my job is not just to entertain but to educate and teach, put it in context call me 1-800-743-cnbc or tweet me @jimcramer >>> if you had some cash on the sidelines today, today was terrific if you don't hav

remember viacom paid 1.8 billion for cnet in 2018.ical funds to some lesser known dot-coms were fetching back then. viacom sold part of it as part of a package deal for $415 million. why are they doing this? raising cashing a you mentioned. saw netflix. they're spending $400 million a year on netflix. guess how much vie come cbs spending? stuart: how much. susan: pretty much the same. shari redstone said on all their platforms $13 billion. said that at the tech conference i attended. this is an arms race. tough raise cash to be competitive. the world is moving towards streaming. it is not just cnet they're unloading. they are selling off the manhattan headquarters. they needed cash. simon & schuster could be 1.2 billion. stuart: i understand it. they're selling a lot of cash to raise cash to put $13 billion a year into content and streaming services? susan: all platforms, all-access cbs. you name it. stuart: another victory for streaming. >> another victory for susan i would say. stuart: because, yeah, yeah. fair point. right. >>> the

. >>> we have a news alert julia has it >> tyler, viacom cbs probed and resolved a sexual misconductegation against the ceo the board independent review concludesed and the investigation did not support the allegation the complaint was made by a former employee of nickelodeon channel and he's been ceo of the combined company since they merged less than a year ago. this comes after cbs former ceo resigned after allegations of sexual misconduct, harassment and intimidation kelly, heightened awareness of these issues now back over to you >> the stock is holding on the about a half a percent gain. >>> airline travel picking up but nowhere near pre-pandemic levels bank of america surveyed 25,000 people around the world which showed more people are waiting for a vaccine before they will feel comfortable flying than in june others are waiting for restrictions to be lifted. this could trickle into the credit card stocks that rely heavily on travel spending let's bring in research analyst. what's the most important take away from these findings >> first of all, thank you for having me today.

i bought viacom in may should i add more here >> i think it will be in the high 30s by the end of theasis of the streaming business alone which gets no respect from the street. look for that. on the other hand, just for you, you bought may you're up a double you mieg trim a bit. that's because you did such a good job buying. i'm long i'm not selling. >> kerry to you, what do you think of the prospects of alibaba? >> we like it. it's the dominant e.-commerce player we like the stock. >> keep your questions coming. we'll play them on the air more trades straight ahead on the half and delivering alpha is back it's our 10th anniversary. september 30th that's next week we're back in two minutes. >>> back on the "halftime" for future outlook moving lower today there you go right there 66 basis points this week. joining us, brian stutlan and jim, where are we going next >> okay, well, if the fed wanted zero rates, i think we would have had zero rates by now i think any trades for lower rates in the short term are fine but medium and longer term are not comfortable. i think we'll test low tha

. >>> in honor of nfl returning, viacom cbs i bought it in may. >> josh brown, quickly from you. >> verizonld, sting long. >>> good stuff thanks, everybody, "the exchange" starts neo the markets are struggling today, but we're down 122 right now on the dow goldman just out with a big call on q3 gdp. >>> plus from walmart to movie theaters to home depot, we're going to talk with the ceo of one of the country's biggest real state landlords. >>

. ♪ >> coming up today, we will hear from the viacom ceo. at that will be at :00 p.m. in new york. bloomberg. now first word news. president trump will preside over the signing of historic diplomatic deals between israel and arab states. the leaders of the uae and bahrain will sign the agreement. it will allow israel to reduce dependence on money from china. bloomberg spoke to the u.s. ambassador to israel. >> it is better capital, safer capital. it is more reliable and it will not come with as many strings attached or as many risks. it's a great opportunity for israel to maintain the sources of capital it needs without putting its security at risk. areka: bahrain and the uae only the third and fourth arab nations to recognize israel. bill gates used to think of the -- as the premier health authority, not anymore. he discussed politicizing covid-19 treatments in an interview with erik schatzker. >> any suggestion that a politician helped create the vaccine, or it is faster because of a politician, is a dangerous thing. we saw with the completely bundled plasma statements that when

. >> some of your original stocks, charlie, you would recommend both warner, viacom and bbs. if you're into some of these stocks, here's charlie bobrinskoy, here's your one piece of advice. what's the best strategy right now. >> it is to be greedy when others are fearful and fearful when others are greedy right now people are being greedy on some of these names. don't buy the names that have outperformed the 300-day moving average. that's just a sign of momentum invest in things based on the intrinsic value of those securities, and that's not that hard companies have predictable earnings in many cases, so the names you just read are all training for less than 12 times earnings, and avoid things that are overpriced, like long-term bonds. bonds are almost as big a bubble as growth stocks and tech stocks right now, so invest in intrinsic value. >> and the last word here. would you echo those thoughts or add any others >> the model i would use is if you're going to be greedy, be long-term greedy rather than short-term greedy. what i mean by that is if you're going to own stocks,

it's published by simon and schuster, part of viacom-cbs. >> woodward: the title, "rage," comes from him. he said he brings out "rage" in people. and he doesn't know whether that's a positive or a negative, or a good thing or a bad thing. and also, it describes a condition in the country now. there's a lot of rage out there. >> pelley: his interviews for "rage" started in the oval office, then continued for months in phone calls, many out- of-the-blue from mr. trump. >> woodward: yes. i mean, you have an audiotape of this, where they come on. "mr. woodward, the president." >> white house operator: mr. woodward, the president. >> trump: hi bob. >> woodward: president trump, how are you? >> trump: hi. how are you? >> woodward: i'm turning my recorder on, here, as i always do. >> trump: okay. >> woodward: it started in december 2019, before the virus was on anyone's radar. so, we were talking a lot about north korea. >> pelley: in mr. trump's first year, north korea tested its first intercontinental missile. woodward says the president gave defense secretary james mattis authority to sh

of penguin random house expressed his interest in acquiring simon and schuster, currently owned by viacomlargest publisher in the same trailing only penguin random house and harpercollins. in other news, penn america, a nonprofit literary organization that champions free expression of writers around the world has named novelist and pulitzer prize-winning playwright actor as its new president he succeeds novelist jennifer egan who led the organization for the past two years. also in the news, mpd bookscan reports that print book sales were up just over seven percent for the week ending august 29, adult nonfiction sales continue their recent gains up four percent led by john meacham's new book about the late congressman john lewis titled "his truth is marching on" the estate of t.s. eliot has donated 20,000 pounds to help keep the brontc personage museum childhood home of 19th century novelist emily charlotte and brontc open, the museum has forecast a loss of 500,000 pounds due to the coronavirus pandemic. booktv will continue to bring you new programs and publishing news, you can also watc

the company is currently owned by viacom cb and the third largers publisher in the u.s. trailing on penguin random house and harper collins. in other muss, pan america an organization that champions free expression of writers around the world named novelist and playwright aktar as its new president. he succeeds jennifer eagen. also in the news, npd become scene reported that print book sales were just over 7%. ...

viacom fell in late trade after it said it halted component shift of -- components to huawei technologysome customers and forecasting oversupply in a key market next year. it stopped sending components to huawei september 14 as the trump administration tries to sever the chinese company's ties to u.s. tech suppliers. sohu.com has agreed to let tencent take its search engine private. them $1.7ll pay billion for the unit at a premium of around 55% to the last close in july, when the proposal was announced. the deal may close by year end and will see tencent own a search engine that has been largely the default of the wechat app. tiktok launched the u.s. election guide as it fights a potential ban from the trump administration. it has links of a information offering languages and what it says is an attempt to stem the tide of fake news. it aims to reach firsthand voters, the app is a threat -- you have mocked trumps assertion it is a threat to national security. shery: all eyes on cleveland, ohio as donald trump and joe biden await their first debate. there is no shortage of contentious to

year they began desus and mero the first late night talk show on showtime which is a division of viacom guests include dr. anthony fauci, alicia keys, gold medal sprinter usain bolt, joe biden, kamala harris, and late night tv legend david letterman. >> is that actual something? >> this is -- yes. dominican rum. >> most i drank on my shoves dec decaffenated coffee. >> how many years have you been sober. >> oh, yeah i used to be an alcoholic. >> they shared some of their experiences in a new book called "god-lovel knowledge darts: life lessons from the bronx". this morning they join us. hello. good to see you guys. >> good morning. >> it's really going great. i was so excited about you coming. we all are. you talk about dating, alpha male becoming washed. dating. you say you know it's time to leave a relationship when their blinking gets on your nerves. >> that's right. when you resent them for breathing it's time to get out of there. you have to flee for your own safety. >> you have a guide to the best way to break up. sunday and fridays are not good days to break up but why. why are su

now there it is part of a viacom cbs investor and 60 and 60 correspondent and founder of dot-dot-doters of the movement. >> this is part of the community qanon living and this is how he makes a living. >> i'm at the news network. >> he posts on the youtube channel several times a week. sometimes, several times a day. >> should way talk about covid-19? >> and considers himself a seeker of truth and of fake news world. >> covid-19 is the biggest lie fake news ever told. >> how can you say that when you look at the numbers? >> well, i don't trust the numbers, first of all. in new york, they supposedly had #warzonehospitals. i had friends and audience going out there with cell phones saying there is no one here. >> you're talking to someone that was in new york and i experienced a lot of this firsthand. >> why were the hospitals empty when the people went there? >> you saw it on youtube. we saw it in real life. >> we saw it from you. we heard your version, no offense. we don't trust you guys pt. >> as someone in new york city in it the height of covid-19 who has friends in the hospital,

apartments, et cetera, where you got a lot of pressure going on right now the cheap stuff i look at is viacomir internet business is growing at 50% that's accelerating and if i put a netflix multiple on, i can go on half the rate i'm getting the rest of the 6 bouillon in revenues for free. or comcast, that's another name we have. and both of the names have dividend yields bigger than the s&p 500 and multiples way below. that's where i'm looking for cheapness versus the banks which structurally you have big issues weighing on them >> dan niles, always a pleasure. thank you for joining us. >> thank you. >> we have under 40 minutes left of the session positive session across the board. the s&p 500 is up 0.8% nasdaq leads the charge up 1.3%. still ahead, the ceo of levi's joins us with an on the ground look at the state of retail and the consumer and country as lawmakers show no signs of an agreement on more stimulus >>> and up next, twwe'll take a closer look at tesla as they gear up for the highly anticipated battery day. "closing bell" back in a couple minutes. >>> 36 minutes left of trade let

many revelations in woodward's new book "rage" which is published by simon & shuster, a division of viacombs. how is the president responding? >> good morning. president trump is addressing this controversy head-on. yesterday he took questions from reporters where he defend his actions. but now he's also disparaging bob woodward, even though over the course of seven months he sat down for 18 on the record interviews with the legendary journalist. woodward says he approached this assignment the same way he approached his work in watergate. he wanted to know what the president knew and when he knew it. on february 7th, bob woodward spoke with the president who had just talked to xi jinping the day before. in audio recordings, mr. trump admitted the severity of the virus. >> it goes through air, bob. that's always tougher than the touch. you know, the touch you don't have to touch things, but the air, you just breathe the air. that's how it's passed. it's also more deadly than your, you know, your -- even your strenuous flus. this is more deadly. this is five per, you know, this is 5% versus

. >>> it's acquiring cnet and viacom cbs ceo bob bakish tomorrow morning >>> coming up, treasury secretarying interview later, former presidential candidate joe biden surrogate pete buttigieg joining us. it's also going to discuss joe biden's economic plan. "squawk box" coming right back you should be mad your neighbor always wants to hang out. and you should be mad your smart fridge is unnecessarily complicated. make ice. making ice. but you're not mad because you have e*trade which isn't complicated. their tools make trading quicker and simpler so you can take on the markets with confidence. don't get mad get e*trade and start trading commission free today. everyone wakes up every morning to a world that must keep turning. moving. going. the world can't stop, so neither can we. because the things we make, help make the world go round. we are builders, constantly creating things that make our world cleaner, healthier, and more connected. so that the small moments that help define who we are, and the big plans that make life wonderful can keep on rolling. because while gravity may keep our

and so it's natural for the new kid in town, that's netflix, you know, to be threatening to the viacomsi got into a conversation with hastings about tik tok and its implications with china. >> tik tok has done a phenomenal job on short form entertainment. so it shows there's always room for innovation i would never count anybody out. it's a wide-open market. and lots of new surprises coming >> given you just mentioned tik tok, there is a real question about the future of tik tok, but more importantly the future of the relationship between the united states and china. a market that you've long talked about trying to get in i'm curious what you think the implications of what's happening with tik tok may or may not be on your ability, netflix's ability to enter that market in the future >> well, we got turned down by the chinese government several years ago. and we've not been spending any time on china in the last couple of years there's so much opportunity for us in asia, rest of asia, india in particular, korea, japan, indonesia, then all through europe and latin america we're focused o