something i have been working on, i knew something was going on sometime ago, and you may remember when viacom sold stock on the big run-up because of archegos, why didn't discovery, right? when that peaked my interest at the time, and it clearly was because they had mmpi, a merely nonpublic information, and what it was, they were talking all b-this and all along that process trying to understand what may be happening and i never anticipated it would be at&t deciding to part with all of warner media. there had been plenty of expectation that at some point perhaps very soon, they would choose and try to sell turner which comprises cnn, tbs and cartoon network but to go all in, jim, if you're stankey and basically reverse much of what your predecessor, reynolds stevenson did in terms of direct tv, which of course they also have done a transaction for, remember, they're going to own a good deal of it, but it's being managed by another company, and it's being offloaded and the debt is going with it, or some of it. and then to do this transaction, less than three years after completing the deal to

. >>> tonight usc and our employer viacom cbs have created a new scholarship to advance newsroom diversity. it would cover yearly tuition for at least one graduate of historically black colleges and universities to enroll in a masters in journalism program at. r cbthmoco-host ma the announcement duringual ct what d special about the scholarship is that it demonstrates viacom, cbs and unc's commitment to elevating black excellence, that could be a song. >> the scholarship is supported by a $1 million endowment. the goal is to help remove the tuition cost barrier that could prevent black and him night from pursuing graduate studies in journalism. >>> it is already cloudy out there. look at the view down 880. it might tough to see but the lights are showing you that the marine layer as the wh covered and it ll gray shat ll happenext. the re ok at hothoudsare this point. by the time we get to the morning they will be melting back to the coast. and they will stay at the coast and right along the peninsula. but what a difference this has made for our weather. the screen lights up, it gets windy

i'm not sure they would like the structure eveof buying it the fit with viacom is problematic.is nothing there to help. when discovery sold off yesterday as the course of the day went on, it was through the gradual acknowledgment of the day that as sexy as the streaming platform is, there are a lot of old assets. tbs and tnt. they are structurally poorly positioned that they have to manage the same if you put viacom and comcast together you have two overlapping networks and from anti-trust, you cannot have that and have to separate those the studios work well together, but not as well as the warner brothers studio with universal it is not really is ideal fit in some ways. >> craig, let me follow-up and ask you this if you think a big deal doesn't work if sheri redstone or brian roberts announced we will build, not buy. we will spend $10 million or $15 billion a year creating content. we will overpay for the next great nicole kidman limited series and buy our way into it the same way netflix originally did. take on debt to do that. would the market reward that or would they be f

>> well, mel, remember when karen and i broke some "fast money," we did a double power pitch on viacom. >> i do remember that. >> this is not the one that is not on people's radar but it is likely the one that should happen and when you think of the size of it and the enterprise value of this think, this makes a lot of sense to me especially for some of the competitors now looking at disney and the new combination and looking at how to size up for what will be just a different landscape going forward with, as tim said, a handful of streaming behemoths. >> warren buffett nearly closing out positions in one of the financials that is a headline that got all of the traders talking after the close. we'll break it down. and b.k. said there is one sector that could hold the real key where stocks are heading it is not tech and it may not be pretty we'll tell you what it is. don't go anywhere. "fast money" is back in two. she'll say she's got goals. and since she's got goals, she might need help reaching them, and so she'll get some help from fidelity, and at fidelity, someone will help her cre

also raises questions about what happens to viacom/cbs. maybe nbc u starts to look that way. gets harder with the anti-trust issues owning nbc and cbs at the same time. the assets you have to diffvest >> malone is 80. he is behind all of this he is a genius with tax implications he is in the background. he probably has more to do with this than anybody. than any other player. amazing. >>> coming up, there are other news stories we will get back to it 6:15 we're not obsessed with media because we're in the business? european airline ryanair reporting a loss traffic levels fell 81%. what do you do when that happens? ceo michael o'leary says bookings are surging >>> don't miss the interview with raphael bostic. "squawk box" will be right back. >> announcer: this cnbc program is sponsored by truist wealth. where meaningful relationships matter most. world-class interiors, and peerless design... their only competition is each other. the incomparable mercedes-benz suvs. extraordinary runs in the family. lease the glb 250 suv for just $429 a month at your local mercedes-benz dealer.

peacock, our parent comcast and thoughts on paramount plus and viacom >> paramount plus and viacom, they, streaming gro er growing pluto tv, the company viacom acquired because of support in ad streaming, that business growing faster than expected and because of the success of that they are going to launch an ad supported version a plus adding $5 in june, and use benefits of ads. speaking of benefit of ad-supported streaming, we heard earlier this eearning season frm comcast, nbc's parent company, peacock is going great one interesting thing about peacock. they grew to -- the peacock streaming business, 42 million signups. the viewers are watching 24 hours more programming than the traditional nbc audience think of that in the number of ads they're seeing, targeted streaming ads can be than traditional tv ads bodes well for revenue from the streaming tv world. >> right i guess you can watch it on many more devices, julia. thanks for that roundup. >>> time now for a news update rahel solomon has that for us. good morning. >> good morning. here's what's happening at this hour weekly joble

you could look at viacom coming in for some of it.uite hard to see any one buyer trying to take the whole piece, just as we know there was already a lot of antitrust pressure in this industry, concerns about plurality, about too much concentration of ownership in the media. especially now with the new ftc, how they have already behaved and the language coming out of there, you would need to have a fairly aggressive view of your ability to get this through regulator if you were trying to do a whole company bid here. lisa: can you talk about the price discovery would pay in what form that would take? ed: we think the deal would be structured as a reverse mark trust, which what will happen is effectively at&t will spin off the warner business, and the warner business will make some kind of payment, borrow money, make some kind of payment to at&t. after that, the warner business mergers with discovery, discovery shareholders and up owning one third of the combined company, and at&t shareholders own two thirds of the company. essentially w

'cause we are. >>> we have earnings from viacom, fox after the close yesterday. i want to take a look at both, of course. so-called old media. they're really new in a lot of ways, right? direct to consumer is certainly so important these days. not necessarily for fox which is really about news and sports, but for viacom and its paramount plus, let's start there. it does look like the stock will be up. don't forget of course, one of the key stocks wrapped up in the archegos saga and where i was talking about them, what, almost every day, and that and discovery, why do they keep going up, why do they keep going up, and why do they keep going up and of course, they stopped going up and viacom, coming in today, up 5% for the year. and discovery up 21% it is interesting to note fox which had underperformed so dramatically for some time is now the best performer of these threed names since the year began. 6 million global streaming subs added to get to 36 million that seems to be encouraging some investors this morning. revenue up about 65% streaming, of course, where

the discovery warner media deal will spur further consolidation and view viacom as a potential targetore on the note itself and its contents from bank of america head over to cnbc pro on that section of our website for our subscribers. it has been a wild year for the stock itself down 60% from its march highs before it plunged in the archegos capital management fallout. >> dom, thank you. it's a big upgrade for viacom after that deal. >>> coming up, we'll talk to power player chris webber about his investments helping people find jobs in the cannabis industry and the brothers behind this adorable viral video. oh, they're coming up on "closing bell," ty are they 15 and 17 now they'll talk about that. back in a moment my retirement plan with voya keeps me moving forward... even after paying for this. love you, sweetheart they guide me with achievable steps that give me confidence. this is my granddaughter...she's cute like her grandpa. voya doesn't just help me get to retirement... ...they're with me all the way through it. come on, grandpa! later. got grandpa things to do. aw, grandpas

you don't want to be in the middle unfortunately for nbcu and viacom, they're going to be in the middle, which is not a good place to be. >> so when you look at the share price action today of all of these names, at&t and discovery are both lower now and you're saying they have got a good shot at making this work. do you like those two equities here >> well, craig moffett covers at&t our issue has been the balance sheet and dividend coverage. i don't think craig is changing his mind on that as far as discovery, we know this is going to be a tough 12 months there's going to be all types of hedging going on, people selling discovery to buy at&t. but the way i look at this is this when you look at the market caps of netflix and disney, the market is putting a massive premium on streaming assets. at discovery, there's no premium for these assets, so i think when this deal closes, which is four months away, this will be the value investors' opportunity to buy streaming assets at a deep discount to other guys trade and that would be my pitch to people. but it's going to take some time this is

and netflix missed their subscriber numbers and viacom beat across every single metric.ng around in terms of people and shares moving around, but we think a year from now the stock should be a lot higher and that's why it's our largest position right now. >> dan, always great to check in with you thanks for storm watching by. >> thank you, guys >>> meanwhile, quantumscape's results have crossed and phil lebeau has got them for us. >> take a look at shares of quantumscape which indicated higher after a company reported a wider than expected loss of 20 cents a share. this is a thinly followed stock in terms of the analyst community. the estimate was for a loss of 7 cents a share. they're still prerevenue so there's no revenue there in the report from the company, they say that they are increasing their spending this year to 260 to $320 million but they expect to enter 2022 with better liquidity, approaching $1.3 billion as they make progress on their prepilot line for the next generation of batteries. the conference call starts at 5:00 we did not see any reference in the e

lots of talk right now about a tie-up between comcast and cbs, viacom cbs.approval to this deal, this combination of discovery and at&t's media assets which is hbo and cnn, essentially because it basically agreed with a lot of the trump adminitration 's opposition to it , that even though it was a vertical merger meaning two separate types of companies, content gave it the ability to raise prices, the biden administration anti-trust people don't like it, the trump adminitration people didn't like it, so they kind of like the fact that it's being spun off into a content-only entity, but here is what's going to get interesting. if you do see some sort of deal between comcast and c cbs viacom which a lot of bankers are talking could be the next one, i mean, how does that work exactly it maybe a carbon copy of this deal, because remember, comcast does have cable distribution, and then you're creating the at&t conglomerate even on steroids because you're at even more content to that, so you may see nbc, at least what bankers are saying, spin-off the stuff, the ch

awards present broadway back, that will air on cbs television network, no one is more excited than viacome should look at ticketmaster because they sell a lot of the tickets and the obvious commission, disney's two production have latin and the lion king to return to broadway, it is fun and so is walt disney guess who's ready for the role on the great amazon, learning today officially that ceo jeff bezos will step down on july 5 as ceo the guy who runs it all and will make way for andy to take the reins of the e-commerce streaming tech go warmer in the news comes on the same day the amazon announced his second largest ever acquisition paying up $8.45 billion for mgm, the movie studio home the classic film such as rocky, james bond and popular tv shows such as handmaid's tale, shark tank, the real housewives catalog, not so much that but i know a lot of people love it, as amazon and subprime video who might be the first to get crushed by the amazon move we turn to lydia who, who is on your list are. >> in terms of the library of catalog i will vouch for myself i'm a real housewives fan so

with what amazon would be willing to do, and would they be considered to go bigger or the likes of viacom and unclear if that would be the case and unclear if that is something that would be done, and they do like sports and watch football. >> they have been weak in sports away from the actual content very weak. >> i think there is an unwillingness to go away from the broadcast networks there is a streaming option but they're not going to let you - >> they took lots of people from espn, frankly, i thought they would do something with football last year. they blew it up. they didn't make it. he didn't do a good job. when you look at the amazon slate, all they do is have like tom clancy movies, and david, it's the weak point. it's the achilles heel >> okay. >> was that a reference to - >> i challenge amazon and you just acted as if - >> you know, it's funny carl, all of the, many of the analyst reports that have come out that have chosen to discuss this have said it's a positive even if they are seen as overpaying, it's still viewed as a positive for the company and again, it resign really

i'm talking about your ownership in verizon and viacom. tell me why you think these are names investors should own this year >> so what you have is a rolling recovery over the last six to nine months. things that did perform well and in 2020 started to do better in 2021 value has come, industrials have come back, financials have come back and we think that will continue the stocks that we're highlighting today are things that have not participated in the rally and we think they're going to be the next leg at some point valuation is going to matter and highlights selling at 12 to 15% earnings. in terms of the verizon, it's down on the discovery deal, which really shouldn't have any impact on it in fact, it makes them probably in a better competitive position for the next 12 months and we think that yield is going to be important. if interest rates do start to rise, we think these stocks can still do very well we also like financials which will do well in a rising rate environment. they picked up very significantly this year. we think that w

mgm tomorrow so viacom. >> awesome nadine >> today i'm looking for protection so some put options ifke you money, i'm here to level the playing field for all investors. there is always a bull market somewhere and i patroromise to p you find "mad money" startsnow. hey, i'm cramer. with welcome to "mad money." welcome to cramerica my job is not just to train you, educate and teach. call me or tweet me @jimcramer where the heck did the seller g

what is so remarkable and special about this scholarship is that it demonstrates viacom, cbs, and usc's commitment to elevating and i like this black excellence. that could be a song. thank you, beyoncc >> the scholarship was supported by a $1 million um for puui seser that may >>> almo br our bay area graduates. a biouout who graduated from uc berkeley collegstudt and her proud family tells us she did it in three years and is debt-free. amazing. congrats. way to go. send a photo of your graduated 2021 grads at cbs.com or attack kpix5 on social media. no professional photos, please. be sure to include their name, city and a little bit about them and you may see them on tv. >>> still ahead, an extra nudge to get rid of your junk. a return of a program that aims to crack down on oakland's trash problem. >>> tonight, the pandemic created a perfect storm for ace surging number of opioid overdoses. it is not just on city streets, though, bay area suburbs. >> it's on tick-tock, it's on snapshot. >> i just hope that no other mom or parent needs to go through what we've gone through. >>> tonigh

zaslav and finally, guys on this whole subject, i did want to mention viacom, carl, you mentioned itupgrade from jessica, over at merrill lynch or bank of america, and basically what we're discussing yesterday in part, i reported this, there was a willingness on the part of the viacom controlled shareholders to list physician there were any offers and any potential sale would require approval of that controlled shareholder, that is in the form of sherry redstone and in the past she said to be an unwilling seller but the dynamics could increase pressure to consider an offer. >> what changed? the scale issue? >> of course. >> scale, scale, scale. >> we'll see following it closely we'll see what develops. >> and for jessica to do a double upgrade - >> double upgrade. >> not to be confused with a double reverse -- which our company was trying to figure out to get warner. >> or re-sizing of the dividend, which does not mean double it is half it's almost re-size time that's what they will do in the nfl. it's almost re-size time. >> say the word. >> fixated >> yeah. >> cut that and re-size

viacom cbs rallying t could be up for grabs now.in the media wars. another move i want to show you is airbnb. bring it up closely, look at the decline we're seeing. this is one of the world's biggest sovereign wealth fund, dissolving its stake in airbnb, buying amazon. why amazon is rallying. the lockup period for ipo for airbnb is expiring. people that can sell are allowed to sell and that they are. stuart: loss for airbnb, down significant 7%. that is significant stuff. prince harry, we'll get into this, he set off a firestorm after saying this. watch this. >> i want to say about the first amendment. as i still don't understand it you about it is bonkers. stuart: really? i consider that the epitome of entitlement. go back home wherever that may be prince. nigel farage is here to respond more formally than myself. >>> the administration is quick to admit pipelines are the best way to move oil pushing their own green agenda. is that a trouble standard? daniel yergin is here after this. ♪ incomparable design makes it beautiful. state

we saw b -- bofa do a double upgrade or viacom cbs.re get the healthcare out of it -- it the heck out of your portfolio. now one company with major network and nbc buying another one, but disney has paved the way with its fox deal show toking if you spin off that network, you can keep everything else, all the productions assets and the story franchises that you need for streaming. i think regulators would say, look, the whole reason at&t -- they allowed this merger between the number three and four players in cellular, t-mobile and sprint, and that's created a viable, strong third competitor in that market, and that's more competition for consumers. if it worked there, may you want to let the same thing happen in streaming. jack: and you dent even mention the behemoth's waiting possibly on the sidelines, apple buying mgm, jeff bezos' investors have lots of patience. this is great. real quick, at&t dividend probably cut in half, but it's okay from here, you think? >> yeah. they should learn to love being a phone company. invest in some

oil is more of a commodity mosaic is a natural company with more pricing power. >> viacom cbs is 62%it has been a tough one. >> charlie and jeff, thank you for joining us much appreciated >> thanks for having news you bet you. >>> breaking news on the colonial pipeline cyber attack eamon javers has the details. >> president biden speaking moments ago on the pipeline hack >> rising prices right now >> we have been very, very close contact with colonial pipeline which is the one area you are talking about where -- one of the reasons that gasoline prices are going up and i think you are going to hear some good news in the next 24 hours i think we will be getting that under control. secondly, i have in the meantime made it easier for us to -- >> now we hear the president there saying there is some good news coming. we don't have exactly what that good news is, he's sort of hinting around that colonial might be making an announcement. we have reporting from the "washington post." just in the past hour. the "washington post" is feeling that colonial does not feel need to pay the ransom to

. >> do you buy viacom what do you do if you're apple or continue to move along or do your shareholders why bother >> look, david, this morning, barclay's says the service revenue stream is decelerating you have an app store where they generate this content. you don't have to do anything. just like youtube. you don't have to do anything. >> and what is apple trying to be >> it is what they wanted to be over time. they don't feel the pressure that so many of the mobiles feel. >> and i think you're right. but i do wonder, given that we are now in the end stage of consolidation in terms of the creation of these direct to consumer platforms, and they are going to be what tv is all about, for the future, and the present, do you run out of your ability to create -- to actually create a robust offering >> a modern day university artists. >> and then amazon, they have to support prime, obviously, again, both of these companies are awash in cash, there will be an anti-trust question to some extent but does amazon consider, well, is it time to buy, not just mgm but viacom or do something else lik

well, if you look at viacom, the names trading at a 10 pe, 2.3% dividend yield they've got a streamingnk about this year and the fact that amazon is taking on history gm, et cetera, so i think you stick with that, because the fed hasn't even started tapering yet and on dan niles.com, we put some charts up talking about the 1970s when inflation really started to pick up and even with 50% earnings growth over two years, multiple went from 20 times to seven times that's the risk at some point late. >> dan, zaire i ask, what have you sold >> well, we're sticking with the same stuff that we don't like, which is we came into this year thinking tech stocks, especially names with no earnings, trading, you know, specifically in the software sector, 20 times ebitda to sales or greater, they would struggle, a lot of the names benefitted last year, you know, would struggle, we talked on the show before about how we've been short netflix and short tesla and stit short those names great companies, obviously, but they were up a ton last year, and much more than their revenue growth and you know, inst

amazon owns next day, they want tone next hour >> farmer jim, final trade >> viacom cbs.opriate for steve. he didn't like my other books. these are more age appropriate for steve plus for nap time he's got "good night moon." >> steve, just a name. >> moderna reports thursday. joe t. >> i sold seagen personally. >> the exchange starts now >>> "good night moon" that's one of our favorite books around here here is what's ahead this hour it's been calm, mainly too calm. overall we have been enjoying a pretty low drama rally can that last into the summer months shares of pin tpinterest, twittd peleton are struggling

it's not a show for dogs trk say new charitable line of gifts for your dogs and a hundred pefers the viacom-cbsts and dogs all across america and give them second chances and happy homes. so if you want to grab any of these, for your pets all you have got to do is scan the qr code or go to the link below and you can support best friends and deck out your dog's life all at the same time. until tomorrow, stay safe out there. get your vaccine, and remember, your dentist asks you to open up more, means your mouth, not your secret. now here st, your moment of zen. >> hmmmm. ♪. >> really happy to have a special guest with her. >> go ahead. >> captioning sponsored by captioning sponsored by comedy central - ♪ i'm going down to south park ♪ ♪ gonna have myself a time ♪ both: ♪ friendly faces everywhere ♪ ♪ humble folks without temptation ♪ - ♪ i'm going down to south park ♪ ♪ gonna leave my woes behind ♪ - ♪ ample parking day or night ♪ ♪ people spouting "howdy neighbor" ♪ - ♪ headin' on up to south park ♪ ♪ gonna see if i can't unwind ♪ - ♪ [muffled] ♪ ♪ come on down to south park ♪ ♪ and meet some fr

you think about netflix, disney and amazon and then the rest of the pool i bought recently viacom because for their assets and the sell off that we have seen as late, nothing to do with fundamentals. stock was hit. yes, i agree with you there's going to be handle of players but i think the macro head winds for large cap tech are too much right now but if you want to gobble up some streaming, have at it. >> when we spoke to bill smead, he says he thinks the roll up will probably be acquired by one of the big tech players. again, you see why, a lot of people think, major consolidation is happening i can bet that higher price will be paid for some these saasset. >> yes, it will be many years before the warn e warner media discovery companies. there's still a regulatory process that needs to happen over the next year what i would say back to leslie's point about the idea of build versus buy when it comes to getting a library, 4,000 films, 17,000 hours of television, you can't just build that overnight. that's the kind of thing you have to buy. i think that's exactly why amazon is in a poositi

these things tent td to go, michael, y are asking who is next they are looking at nbc universal and viacom regulators try it? this is not 1974 there are not three or four channels there are thousands of apps or channels who do you see next in the tie-up parade? >> you know, to be honest, this is a pretty unique situation where you had an asset in time warner owned by at&t that clearly didn't fit it didn't lend itself to the management capabilities or otherwise long-term capa capabilities when i look at the rest of the media landscape, you have smaller plays and channels i know this is amazon which is looking at mgm that is a different animal i'm not sure why they need a movie studio or television producer when netflix is able to get that done without one. they may have the library and it may be an interest for amazon. i think you have smaller plays that kind of don't have a particular compelling argument to be bought by anybody. you know, you have increasingly four big companies the competitive nature of the industry is going to continue to challenge each of the players on scale. you look

where is, viacom/cbs is on the up side today, on the idea there's scarcity, as amazon is reported tolooking at mgm. bitcoin still a big move down about a third from the highs. keep in mind since 2011, we've had five moves down of at least 50%, and of course all did eventually go to new highs. >> mike, real quickly, as you mentioned that, we've been watching the nasdaq coming off that four-week losing streak again, finally today, we're at least getting some buys pressure, if you want to call it that where is it coming from? >> what's interesting is that it comes on the day where the bachk of america fund manager shows that eventually professional investors have turned that can back on the group. it shows you, perhaps, that in fact there's a bit of a sense they've been unjustly left behind, so just making up a bit of that gap. >> michael, thank you. >>> kelly, more investors are banking on bank stocks this year, the very names that went untouched back in 2020 some $32 billion have poured into broad financial stocks, that's a full-year record set in less that five months. clearly weight

it's not a show for dogs trk say new charitable line of gifts for your dogs and a hundred pefers the viacom-cbsmal society. which works to save the lives of cats and dogs all across america and give them second chances and happy homes. so if you want to grab any of these, for your pets all you have got to do is scan the qr code or go to the link below and you can support best friends and deck out your dog's life all at the same time. until tomorrow, stay safe out there. get your vaccine, and remember, your dentist asks you to open up more, means your mouth, not your secret. now here st, your moment of zen. >> hmmmm. ♪

and his new book "heart and steel" is published by viacom cbs and as a player and a philadelphia buts us first on the "cbs this morning." what is the fame of that song? >> that is the way of the world, gayle. >> on page 17 you said that sort of described my life in many ways. but this is what i want to say to you, bill cowher. i read your book. i have no idea about your history. hi no idea you were such a big deal and such a bad ass. i knew you as coach cower and i came into anthony anden reeky and i said did you know bill cowher is a big deal. and they said yeah, we knew. i lo theve book and your story. 34 years old. you're head coach of the pittsburgh steelers and you said that maybe you were a little bit in over your head when you first got the job. >> i was, gayle. i went back to my home town and i remember the night i was offered the job, i was back in kansas city and i told my wife kate, at the time, wow, i'm going back to my home town. if i don't screw this up in three years i could go back to my 20th high school class reunion so my goal was not to get fired in the first three

viacom comcast crushed down 6%. concern about what are they going to do at nbc u can they participant no does it mean less length because discovery has so many cable channels and can dictate terms? lot of wireless. who knows. nothing performed well yesterday, jim and at&t today is looking to not perform well i want to get back to discovery though because, you know, some questions there about well, what's the product really going to look like we spent a lot of time with them yesterday talking about those questions. some questioning the synergy number of 3 billion. although what i hear and what i've seen previously, they can usually deliver on the numbers they did with skrips and revenue synergies. what they have been able to do internationally with taking programming from skrips and getting a lot more women to watch. that is a revenue synergy number from that deal so don't discount the possibility there. but not a great reception jim. and i know obviously you deserve particular wrath for at&t at this point. >> -- but

so viacom. >> awesome nadine >> today i'm looking for protection so some put options if you own some long tech shares on the xlk or the qs or treasuries to in case there is inflatio . >>> my mission is simple, to make you money, i'm here to level the playing field for all investors. there is always a bull market somewhere and i patroromise to p you find "mad money" startsnow. hey, i'm cramer. with welcome to "mad money." welcome to cramerica my job is not just to train you, educate and teach. call me or tweet me @jimcramer where the heck did the seller g go hap what happened this them. >> the dow gaining 186 and the nasdaq pole vaulted. this is a market of stocks after all and markets are all about supply and demand to get an explosive move higher, you need buyers to pay up we recognize but we need potential sellers to vanish and that we don't recognize. i got theories tonight about what drove today's move and revolve around the disappearance of the sellers which is far more important than the strength buyers for a moment. there is an absence. i can't emphasize how much this matters.

nasdaq going three years it is another busy week of quarterly earnings pfizer, gm, paypal, square, viacom to read. there's the wall >>> we have focused on small stocks on the russell 2000 if you haven't noticed is in the middle of the seven-month winning streak it is higher in the last 12 of 13 months. flattened out a bit. the chart has been very good up 80% in a year we will watch the small caps will they break out or have they topped out and turned back down? time will tell small caps have been on fire something to watch >>> something else to watch. some of the big corporate headlines and news frank is back with those frank, good morning. >> reporter: good morning, brian. we start with the little monday morning deal news. apolo is near agreement to buy verizon's media assets the deal could come today and be valued at close to $5 billion. apple and ""fortnite" maker is heading to court the issue is if the tech giant should be allowed to take a 30% of revenue from in-app purchases. >>> and tesla's german trade magazine said there is an issue with the battery power output. brian, back to y

v viacom are in the category of prime acquisition targets. up to sherry redstone because she has the voting control over that company. >> let's talk about uber the ceo is unhappy with customer service blaming drivers for not coming back to work fast enough as travel snaps back venting frustrations yesterday saying we're not happy with the etas and price levels we see and that is something we're going to invest to improve on uber announced a quarter billion dollars stimulus plan to get drivers back in the car. they saw rosters plummet 40% in q1 how much work will he have to do here >> i think he is going to have to do a lot of work. he has a basic supply and demand problem. fewer people have been takieing ubers over the past year i think they will start to creep back out there he's going to have to pay the dri drivers. we have seen this before this is how ride sharing platforms get drivers on the road they pay them more it's time to do it again >> i'm not sure if the ceo is focused on keeping price down which could repel drivers. >> i'm spendi

history with call center and branch jobs most at risk and george soros says it bought up shares of viacom and cbs as it was sold off in the archegos collapse the firm did not hold any positions in the stocks before the meltdown brian. >> the big news, contessa, all of warner media, wospent years building it up and now cast off to the discovery channel massive. >> a lot of changes in the media space. >> and george soros, apparently, was a buyer. amazing media monday contessa brewer, see you in a few minutes. thank you very much. >>> let's get back to the markets and your money coming off the wild week of the year. early last week, it looked grim. s&p dropped 4% big bold headlines guess what we bounced back starting on thursday back-to-back rallies to end the week and ended up off about 1.5% what exactly is going? why the new found volatility joining us is michael shelton. michael, thank you for joining us yesterday was all a year in a week, i should say what happened? why the increase in volatile >> good morning, brian what is going on is the markets are on inflation alert massive rallies

but they did get to archegos, guys, and take a look at shares of viacom, did not respond well yesterdaydown, an upgrade today from rbc. >> an upgrade. >> upgrading to outperform continue to believe investors underappreciate the subscriber and arpu potential across the global streaming marketplace but what about the transparency that perhaps is demanded of some in the total return market where archegos was able to essentially disguise what was enormous positions in both viacom and discovery and a number of other stocks here's what gensler had to say. >> we have a history in the markets to say if you have significant positions there's transparency in the public, if somebody's over 5%, or sometimes it's over 10% of the company, and so that transparency was lacking here and you're absolutely right also that through these derivative contracts and multiple banks, there is a lot of leverage in that, that trade we're going to examine and enforce the rules, without fear, or favor, we're going to look at individuals, and corporations, and yes, that includes hedge funds. >> so we'll have to wait a

paramount, owned by viacom, has "top gun 2" coming out which has got to be seen in theaters as well asar in movie theaters back to your question, disney is a great company but i think it's only going to make about $5 in 2022 so the stock is trading at a big multiple of that $5. >> alicia, what's your take within the media space, the higher profile names or the traditional players? >> i think that the traditiona players are primed to run. i'm concerned about stock that had their -- the feature price booked in last year and has run so far so fast those parabolic moves have to come in somewhat i'd be cautious on some of the price action that we saw earlier in the year. i like the more traditional names. and i think the names that are attached to an experience will do very well this year because i think demand is enorm us it's enormous for people to re-engage and i'd be looking at those kinds of names. >> alicia, i wanted to ask you about gas prices which were another story this week. we'd probably be talking about it up higher several years ago in terms of the impact on the consumer so ga

we saw last month people buying disney, viacom apple was fairly well bought last month i look at daysy where facebook and tesla are selling off and i would expect them to be bought. tesla was one of the stocks that our clients bought last month and they sold off a little bit it's also interesting to see our millenial clients driving some of the activity that we saw last month. stocks like palantir and skills, which isn't noermally one that you're talking about, the game platform so the buy what you know is also showing up in some of our millennium clients so you're seeing a broader spectrum of stocks that people are buying overall. disney and viacom, i guess you could say those are as much streaming stocks as anything else >> we played a sound bite from cathie wood. obviously the ark phenomenon has attracted traders with its strategy some of these biotech names that she's in down double digits. how much broad retail pain is there on days like this, which have been going on now for weeks? >> well, you know what, sara, what's really been amazing, and we've seen it over the last couple o

. >> caller: i'd like to please know a little bit about viacom. >> they feel like something has to happens time honored all these media people like to chatter so much it revolts me. i got to tell you, here is what will happen, go to struggle and they got -- you need another darn stupid fund manager who is considered to be brilliant by rich people because he's rich and can fool a lot of people to take the stock up to 90 and get clobbered and i don't know how many others are left for the next couple days let's go to keith in texas, keith? >> caller: boo-yah >> wow >> caller: jimmy chill, thanks so much for taking my call that's my homeless 5-year-old dillon. >> i like that kid horse sense. >> caller: with biden in the white house, i'm wondering what you think about montrose environmental group. >> the landfill -- the landfill business has to be a great business again and i tell you, this is a little speculative name i like the waste business. i think you're going to do okay and i like the 5-year-old. the kid stays in the picture, let's go to mike in new york, mike >> caller: boo-yah, jimmy

. >> viacom cbs. >> guy >> new mont. >> thanks for watching fast. "mad money" starts right now >>> 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, my job is to make you money. call me at 1-800-743-cnbc or tweet me @jimcramer. nasdaq losing .38% it was the tragic att. this morning in what many in the media are calling a blockbuster transformation deal, att said it spinning off timewarner merging with discovery and entertainment. the company gets 43 billion and att shareholders have 71% of the media business, all the commentary about the deal was positive like it was a terrific outcome for all involved i couldn't believe my ears it's not a transformation but the final act in one of the dumbest mergers in recent history, that's right, att's $85 billion acquisition, a deal that closed less than three years ago is impo

we should also point out viacom shares getting a bit of a boost off the latest 13f filings that showed funds taking a big steak. another story out there today, crypto. we had all of the rumblings over the weekend, a one-word tweet by elon musk upending the market, down about 10% on the major coins over the weekend. tesla down by about 1.6 percent. a lot of the concern is less about what this means for crypto coins themselves and really the idea that a lot of company's have started to put this thing on their balance sheet. the idea of whether they are as committed to it is some of -- as some others seem to make out. microstrategy seems to be the most committed of all. we will keep an eye on this. square and a few other names in this space down in the premarket. jonathan: before you go, can we talk about media assets in america? from a personal perspective, have we got too many streaming services now? romaine: yes, absolutely. jonathan: most people are in the business to take one away. romaine: i think a lot of us amassed a lot of streaming services. we pretty much got them all on our tv

viacom got killed. it is still a great stock. go ahead.harles: let me just mention that what you're saying. i love, i love when you share individuals names but the interesting thing, almost, all of those names were on the watch-list of these retail investors. so they get where you're coming from. i do want to share something else, a great tweet i saw on brandon van z, upcoming yours, mostly spacs, compared the names of them to horses at the racetrack. i could hear the racetrack announcer now. and we're off. payments holdings take the early lead. jupiter wellness coming on strong. and down the stretch they come, just another acquisition by right in front of livewire holdings. gary k., listen, i could not help but think about you when i saw that. i know you hate these spacs. they're out of control. where is the demand coming from? >> do i have to follow what you just did, charles? oh, my goodness. look, forgive me i think this spac thing was a gargantuan money grab. unfortunately wall street overdoes it. they came out with 300 of them. they

winds will relax today actually being traded in viacom or coastal breeze. that's going to push in some less bone dry air a bit further on into the bay. and just with those calmer winds that are hotter inland areas. we do see fire danger. not as much of a concern today. that's not to say that we're out of the woods. we're still in the midst of some very dry conditions, but red flag warnings have at least expired. now 60's for coastal highs today. 70's for most of her bayshore cities and then 80's and 90's still in play for inland areas antioch up to 91 concord in livermore in the upper 80's while san jose 85 comfortable in oakland today at 71 degrees. hayward also really nice at 76 tomorrow and friday our daytime highs at or warmest will only be in the mid 70's. so definitely a nice little break from the hot inland temperatures. we've been in the midst of and a little break. it is because by saturday we're already back in the upper 80's for inland spots sunday for mother's day. a hot one inland comfortable by the bay and nice and cool by the coast john, than