and viacom and cbs down 17%.o now as the reopening continues, we'll see whether subscriber growth can continue and whether they stop streaming as much and feel like they need as many of those services as wet get back out into the world. >> netflix has always been -- go ahead, carl. >> i was just going to say the other bit of news that kind of got overlooked this week was the spielberg deal and amlin, some trying to frame it that they would start to emphasize quality rather than shear volume and i wonder what you might think that means for the rest of the year >> i would say if you said that to netflix, they would say we always emphasized quality of content. they have done a lot of bof big deals especially with tv creators so if you look as they invest in the film content, i think this is more of the same, the sense that they are willing to pay top dollar for premium content and they want the biggest names in the business what is hard here for spielberg is that he will be continuing to produce content for theatric

i own viacom and will tell that you viacom is not getting the respect it deserves.n paying subscribers to the streaming services, including paramount plus another 60 million in pluto tv and those numbers are large enough the company should be getting more respect than it is. if it doesn't get the respect that's why you see chatter about comcast mulling over making a pass at acquisition there. if not comcast somebody else will viacom is the name i see much more value than netflix. >> viacom today up almost 2% kevin to you, netflix down about 2% for the year but up 5% the last month is it still a buying opportunity? >> yeah, i think if you're going to play the streaming media space you have to to have allocation to netflix. i love the spielberg announcement, showing the big legacy names are going to there to produce block busters it's the platform for talented producers. people shopping deals they want to go to netflix first that gives them the long-term great content. a comment i want to make about disney which i think is intriguing, disney, for almost a year and a h

but viacom cbs is controlled by sherry redstone. so whether or not that company sells is entirely up to her at this point now roku is also an appealing and valuable piece of the streaming landscape, but it's increasingly expensive asset worth noting that the stock is up 230% in the past 12 months so that might give any potential buyer some point for pause before making a deal right now guys, back over to you >> julia boorstin, thank you >>> viacom cbs shooting to the top of the s&p 500 despite we don't know how serious this is and comcast said not in advance discussions. >> comcast is our parent company as well. this seems to be a lot of hurdles as well to this. the fact that you have nbc and cbs, two of the broadcast networks within what would be a combined company and as we've discussed as well, in fact, just with mike yesterday, with roku that one of the attractions of roku is it's agnostic to a lot of the channels and services that it carries. of course, that would cease to be the case in that type and just the share price react

>> the chatter in viacom cbs is interesting. the stock broke out at 40.. >> stairs up -- >> oh, yeah. >> that thing's here at 40 i like the rumors. >> great having you. how much fun do you have coming on "fast money"? >> all of these daytime shows, you enjoy doing it. >> i love it that's fun, too. >> we do twitter. i think twitter continues to grind higher dan doesn't. nice haircut on dan nathan he looks good. >> not as good as tony zhang but it looks good. >> never. >> looks really good "mad money" with jim cramer starts right now. 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 trying to make you some money. my job is not just to entertain you but to educate and teach you. call me or tweet me @jimcramer every day, it seems, we get another piece of extraordinary economic

if you look at viacom, a similar situation. the ad market has never been stronger in the last decade. hearing these companies talk about up front, et cetera, but viacom, people forget, they have a $4.1 billion streaming revenue probably this year up 60% for this year that division alone you could argue if you look at it netflix multiple and growing more than three times faster than netflix would be the value of the entire company. that's at a 10 pe, 2.4% dividend yield. that's a way for us to kind of get some exposure to streaming, without dealing with some of the multiples in that space to other, you know, areas so that's how we're trying to get to some of these high growth names. >> from the fed to money supply to paramount plus, dan, we appreciate it. always good to see you thanks so much dan niles. >> thanks, carl. >>> in creative valuations, coming up on the show, that exclusive with doordash ceo tony xu, a black swan event for crypto perhaps and some blizzard backlash, a big hour of "techcheck" is just getting started. it

and later breaking down the big move in shares of viacom stay with us much more "fast money" after thisg] - had enough? - no... arthritis. here. new aspercreme arthritis. full prescription-strength? reduces inflammation? thank the gods. don't thank them too soon. kick pain in the aspercreme. i'm dad's greatest sandcastle - and greatest memory! don't thank them too soon. but even i'm not as memorable as eating turkey hill chocolate peanut butter cup ice cream with real cocoa. well, that's the way the sandcastle crumbles. you can't beat turkey hill memories. let's roll. is this some kind of a ninja boy band? huh? >>> welcome back to "fast money. we have a bitcoin alert. let's get to kate with all of the details. >> kathy woods arc invest is joining the race to launch a bitcoin etf, submitted paperwork with the fcc this afternoon. about an hour ago. a week after the regulator postponed a decision to approve a different bitcoin etf which would have been the first and in total there are at least eight applications in for a similar bitcoin investment vehicle woods etf would trade under the tr

stuart: look at the stock moves. >> ally by viacom?s ordinary people are concerned about inflation. 83%. and economist, ordinary people can look around whether it is gas, food or whatever and prices are going up, the fed thinks it is just temporary. where do you stand? >> temporary might be a little bit longer than most anticipate. elevated rates of inflation will be with us well into 2022. we are coming off of the covid 19 recession. there's a great pent up demand. we now have -- heating what is normal between 2.5, and $3 trillion. that money will be spent and that will put upward pressure on prices. stuart: did you say 2 and a half to $3 trillion? >> exactly right. we just came off of the year where the personal savings rate exceeded what is normal by 2 trillion. that is part of the equation. the other thing to keep in mind is this build up in the equity market, great equity market rally, this is mind boggling. the market value - stuart: we can't hear you, sounds like you are in a cave. sounds to me like you are laying out the stage

channel 5 is doing quite well with viacom as its owner, isn't it?nel 5 on programming. but it's a public service broadcaster, isn't it, that's owned by a big conglomerate? yes, yes, absolutely. but i think there's a question of when you are focused on profit and when you are focused on public service, do you do things slightly differently? you know, channel 5 has done a great job of appealing to older people, it fulfils the public remit that it's meant to fulfil, and it's very, very different to what we do. you know, we're focused on the paralympics, on shows like it's a sin, we're focused on things like the write 0ffs about adult illiteracy, the school that tried to end racism. we've got really, really in—depth, investigative and interrogative news on every night. that's very different to what you might see on channel 5, owned by viacom. although your big hits in recent years have been things like bake—0ff and taskmaster, which were poached from other networks. i mean, how distinctive is that, really? to take something that was somewhere else and p

that's roughly 2/3 of what viacom cbs is worth. a short time ago amc's ceo adam aron shared investor connect it has an extraordinary base of enthusiastic and passionate shareholders they make up 80% of the float right now. if you sign up for that, you can also get a free popcorn and invitations to special movie signings if they sign up joining us right now to talk about media and the meme stock madness is mario gabelli he's chairman and ce off of gamco investors. where do you put everything that's happening right now, what you think of amc in particular >> well, let's talk about the pluses of amc over the last several months first, zaslav is going to change back the windows warner put in place. he's going to use a better model than cutting them off and going directly to streaming. secondly, you do have an ability to take what they generate and consolidate the theatrical theater market by buying other chains third, you saw from quiet place -- i like your new digs there. i hope to some day stop by and see you on the second floor, but

in part because their best performers who can leave are at least considering doing so >> right now viacomata continues to speak up on heavy volume, it's up again another $0.73. we don't really know where the stock should have been because of what happened, but it does -- it has definitely found a floor here, and what's bob backus up to i have to be impressed with some of the things he's doing are they going to give him free rein to do more, or are people saying you know what this is the time to sell. >> i don't know the answer to whether it's the time to sell or not, jim i think listen, they're like so many of these companies focused to a large extent on their direct to consumer platform, paramount plus and making certain decisions about content and waiting, frankly, for the back end of this year or even early next year to introduce a lot more content given the delays that covid brought in terms of the ability to produce. but that's where the focus is right now i think for viacom we can talk all we want about potential consolidation. last week that journal referenced the comcast, but real

when it hit viacom. a lot of these traders are coalescing. basically, proper traders, more institutional players start piling in. romaine: i'm curious, with some of the models you put together and the research you do here, do you find that the speed of the rotation, the speed of moving from one stock to the next has accelerated at all? lily: it is debatable to say a location, per se. right now, amc and gme. my hypothesis is that there is really a finite amount of what people call dumb money. you see this coalescing around retail investors, maybe a few institutional stocks which are -- really the squeeze ended with clover, approximately where the stretcher ran out on the auction. you have people who talk about this. you have a lot of retail options , whales, big tech. a lot of these retail investors. joe: we just have one moment. obviously, social media seems to be a big part of it. do you see on sites like reddit and elsewhere, people jostling, or instant -- or influential voices who have a high propensity to select the stock of the day that

still can't own two broadcast networks that's 100% going to be addressed if they were to go after viacom to probably divest one of them and then ask yourself, what's valuable about viacomcbs without potentially cbs? and then how much regulatory scrutiny is already on something like comcast, which just a few years ago you'll remember bought sky. they're already touching so many things the regulatory concerns are paramount here, no pun intended. i think of that report, the sexier option would be an acquisition of roku. i agree with ed lee. i don't think they're actively pursuing it right now but comcast has made interesting plays in distribution. xfinity x1 is really smart roku seems like the better option here. expand your distribution footprint as opposed to really going on the content side. >> bob, this gets into the business models of the likes of comcast. has investors thinking through what model they want that to be going forward. >> yeah, i can tell you what model i want i love being part of comcast i was with general electric when nbc was there. we were sort of flapping appendage a

>> you can watch seth's full report on 60 minutes plus, available on the cbs viacom streaming app, paramount plus. >>> a nurse took home the national title in the super heavyweight division. >> this is the championship belt that i won forgetting sixth place. >> reporter: she took home first place in the women's super heavyweight division at the nationals in minnesota. her first national comp addition. >> i didn't think it was going to happen. i didn't think it was possible. >> some events included overhead lifts of 210 pounds, a dead lift eight times with 445 pounds, and a farmers carry with tuna 25 pounds and each hand. she keeps up a steady diet of micronutrients, protein and carbs. and she says hydration is key. when she isn't lifting weights, a lot of people ask her for help lifting other things. she is staying strong mentally and physically, as an er nurse at doctors medical center in modesto. >> some days i've come home and done both. if i have to, so i can stay competitive, i will do that. >> reporter: the mental strength to be an er nurse, is that equivalent to that weightlifting? or

users will be able to stream certain media together like viacom, cbs and paramount plus. >>> billionairejeff b ezos will be among the first going to space. he will join his brother mark and another person on the july 20th flight. the flight will take just about 15 minutes. the third person will be the winner of a charity auction. the current highest bid is $2.8 million. >>> that's your cbs money watch report. for more head to cbs money watch.com. at the new york stock exchange. >>> high winds forcing san francisco recreation and úparks barriers could be seen blocking it yesterday. plus point reyes national sea shore closed because of flying debris. >>> look at this video. this shows the aftermath of a tornado. the view shows the house just torn apart there. authorities say that no one was hurt but some live stock died. hours earlier a helicopter captured this when the tornado touched down about 40 miles outside of denver. crews will assess more of the damage this morning. >>> this morning the wind woke me up before my alarm. >> still this morning even. it won't be as bad today as it was

by the way, see the viacom note this morning viacom cast citi as a positive catalyst watch that's everybody bit as good from the csi from the evidence lab. they're saying there will be an upside surprise in viacom's numbers. >> up 10% for the year, not the 100%-plus it was up. >> verizon verizon. >> your point is good in that we're starting to see more calls about upside epfs. >> yes this is the great reopening. everyone is doing more of what they're doing. people are drinking more no kidding try getting a table at a restaurant >> i was drinking more during the pandemic now i'm trying to not drink as much now that we're back out there. w >> we'll see what the law firms do that stay close to us >> a big drinking dinner in our future >> and we bet br softer the way we talk because i don't want to get in trouble with the restaurant >> masa, the stock not moving but they had their annual meeting. talked about buybacks and how important rothschilds were in terms of funding the industrial revolution to some extent and that he sort of is in that position now with the information revolution just wa

shares of roku and via, rallied -- and viacom rallied on a wall street journal report that comcast ceoight make a bid for one of those companies. the speculation following a flurry of big media deals including amazon's acquisition of mgm and at&t's agreement to combine warner media with discovery. this is bloomberg. ♪ emily: trillions of dollars and assets. tighter rules. we spoke earlier on bloomberg television about everything from meme stocks to spacs. take a listen. >> i am animated by working families on this job and working families need the protection and franklin roosevelt knew this in the 1930's. we know this now. president biden do this. -- knows this. it's about ensuring they can make choices in the markets. that helps companies raise money by lowering the broad manipulation, ensuring there is consistent disclosure to those investors. companies benefit. >> what do you think we need more disclosure? >> i think there is trillions of dollars of assets under management calling for greater and consistent disclosure around climate risks and i've also asked staff to take up disclos

market, burned other shareholders, and some of those shares still have not recovered things, like viacomd discovery are still down 60% from march. regulators want to know what conversations went on behind the scenes. there were conversations before they started unwinding their positions but it became a race in unwinding these stocks. that is what regulators are looking into. the sec is also looking out of her disclosure requirements for funds like archegos which used these instruments to buy into their shares in the market did not know. so the sec wants that to be clear, that the market is not left in the dark about these big chunks of shares. haslinda: joe biden's determination to forge a bipartisan infrastructure deal is paying off, as a group of democratic and republican senators reach agreement on a 500 of a billion dollar plan. economics and policy editor kathleen hays is here. by then says it will create millions of jobs, fulfill a major piece of economic agenda. what is in it? kathleen hays certainly a lot of money, maybe not as much as the democrats and the white house wanted to

it's not like that but in this industry you say something good about vox or viacom, it means comcastcom. >> not happening as a matter of fact, they said on cnbc, quoted you, david. >> no, they didn't. >> the company relayed through cnbc. >> oh, relayed >> relayed to cnbc, pure speculation. basically saying. >> oh, really? >> that you -- >> by the way, i will make it clear. >> do you an operator? >> our parent empty is the worst in communicating at all. i have much better relationships with every other media company than i do our own. >> david, that may be the most ill-advised position to take. >> what are they going to do toe seat. >> see, you work for -- i'll give you advice about careers later. >> i love our company. >> now, now! >> i love them all the love is so deep. >> i was going to suggest eli lilly and biogen have something -- >> coming up later in the program. >> how about walmart private labeled insulin. first and only offer -- jim, walmart saying customers, about 3 million, could save up to 75% off the cash price. >> we worried about amazon moving in. i mean, no worry abou

a lot of shareholders did get burned, some of the shares never recovered, things like viacom, cbs, discovering. dani: it is amazing, archegos the collapse happened years ago. thank you so much. our bloomberg finance reporter. sticking with what happening in the u.s., joe biden's determination to forge a bipartisan infrastructure deal is paying off as a group of senators reached agreement on a $579 billion plan. let's get the details with derek wallbank. how likely this is deal they are discussing going to be the final deal and pass congress? pres. biden: i will stand by and talk to you all. derek: reflecting that. there are a lot of hurdles in the way here. the problem that we are talking about between saying, this is the framework of the deal is that progressives have learned a trick from the -- and are now saying, if you want to move this all the way, this bipartisan deal, you also need to be on board for a reconciliation passage -- package to try and put through some of their priorities. what you have now, is you have the left of the party and the center of the party trying to figure out ho

looking for 25% growth in revenues per year for the next -- through 2024 and we talk about netflix or viacom or hulu, disney, apple tv you know what they all have in common is the -- roku. there's good sentiment it's sold off. but i want optionality so i put a covered call to go with that in case i'm wrong. investors will still collect that almost 10% premium. >> i find your next pick interesting given the vol atilit around bitcoin and crypto as well why that pick? >> i am a big fan of certain types of founder ceos. i think also with roku, anthony wood is a founder ceo. i'm a huge fan of brian armstrong. so that -- i'm a fan of his. i believe in him obviously, china is doing a full ban on crypto, and i think the consequences of that and the volatility are going to be huge. that plays right into coinbase because coinbase is not directionally dependent. they need volatility as people are making transactions. and once again, you could buy coinbase here around $220. sell the january 270s. collect $20, which is once again close to 10% of income hold it through january and you still get to capture

i think they will have a pretty good fall and i like viacom here they did a good job and it's time tog-time viewer, first time caller. talking about a pennsylvania based diagnostic company that just received fda approval for a covid-19 rapid home test jim, what are your thoughts on the technologies ticker osur -- >> i know it's bethlehem that gigantic bass on twitter. nice people follow me on twit thee these days the problem is there are so many guys doing this. uh-uh, can't do it i'm sorry. that, ladies and gentlemen is the conclusion of the lightning round. >> announcer: the lightning round is sponsored by td ameritrade coming up, marvel at the mania but don't put your money where your memes are cramer drops a little common sense. next ♪♪ ♪♪ ♪♪ pain? yeah. here. aspercreme with max-strength* lidocaine. works fast and lasts. keep it. you're gonna need it. kick pain in the aspercreme does your vitamin c last twenty-four hours? only nature's bounty does. new immune twenty-four hour plus has longer lasting vitamin c. plus, herbal and other immune superstars. only from nature's bounty. >

>> first, who i don't like, i don't like stocks that go down, and viacom and discovery got knocked outas. and as we were told, netflix is going sideways for a year. since june of last year, you didn't make any money on netflix, so i'm neutral on it because it's neutral on me. the one that seems to be consistent is disney. disney is the king of content, and they just don't seem to stop going up. i really like the ones going up. [laughter] ashley: very good advice. let me get back to you, tom, and talk about the market, you know, the broader picture here. this is a market this week that took, you know, the inflation and the computer -- consumer price index in its stride. the 10-year yield is not, perhaps, signaling massive inflation. i mean, is the only way up from here? >> yeah. well, as it relates to treasuries, ashley, this was a sell the rumor, bayh the news with the c -- buy the news with the cpi. and in this type of environment with rates actually lowering now, those sectors hit by yields rising earlier in the year like tech, utilities, staples and health care, with it stabilizing

you do like viacom, verizon, and merck. >> we think those fall into the market school. the stocks we just listed there are selled under 12 times earnings, hang anywhere from a 2% to 4% dividend and have very good prospects in terms of business good business, great price let's take bank of new york, for example. they benefit significantly by any sort of rise in rates. if and when the fed does raise rates, and we know it'll happen at some point, they have hundreds of millions of dollars they're not getting on their money market business. they'll fall right into the bottom line and you're paying 12 times earnings for it. so, it's a question of when, not if, and you're getting it at a very good price. it's around tangible value rarely do you get a good financial institution at that sort of price. >> david, we'll leave it there thank you for your time today. >> thanks a lot. have a great day >> you too david katz >>> there's a new etf on the streets. firm number one launching efg focused. you can see the half percent gain this is not your run of the mill etf. what makes it d

. >> that's good to here hear we're talking about stocks moving all over the place, vrks i viacom looks times forward earnings. worth a look. >> guy adami >> up know, the market was interesting today, clearly, i think it's important to shine a light through all different lenses what's been going on the last 6 to 9 months, hopefully we did that justice and through the lens we talked about, draftkings should have been down a lot more on the back of that hindenburg report and wasn't -- >> thanks for joining us on "fast money. don't go anywhere. . >>> 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 kra america, i'm just trying to make you a little money my job not just to entertain, teach, educate, call me, 1-800-743-cnbc or twee

there is a rumer yesterday that comcast is mulling a bid for viacom i don't know if that comes through do that. they've got 40 million subscribers to paramount plus and 60 million at pluto tv if they get acquired the market cap is 27 billion. if comcast put a modest premium they could digest that with 250 billion of market cap and if not comcast somebody else. so either way you bin go it alone they do well tp somebody buys them do well. add to the shares. >> more on trade reporting after the bell shares of the retail giant struggling committees take on it next when halftime returns >> announcer: got a question for the halftime investment committee if you want to send a video we can play it on air. email us ask halftime at cnbc.com i became a sofi member because i needed to consolidate my credit card debt. i needed just one simple way to pay it all off. it was an easy decision to apply with sofi loans, just based on the interest rate and how much i would be saving. there was only one that stood out and one that actually made sense and that was sofi personal loans. it felt so freeing. i

some of you may know james corden as the frisky, funny british host of "the late late show," one of viacomre not one to stay up past 12:30 a.m., then maybe you're one of the hundreds of millions who have caught corden on his youtube channel. taking a talk show stuck in an after hours time-slot and making it available online around the globe, with charm and wit, corden gets a-list stars to open up in a way that seems to surprise them as much as us. amazing, for someone who was virtually unknown in the u.s. when he moved here six years ago. but james corden will tell you he had already put in his 10,000 hours-- a deft physical actor who, by his late 20s, had achieved success and fame in britain. and as we first reported in november, corden says he's on a lifelong quest for happiness, and he'll do almost anything to move the needle on his audience's happy scale. james, we are ready, if you are ready. >> james corden: i'm ready. yes, are you ready? >> whitaker: i am-- i think i'm ready. eight feet away, and right on cue. >> corden: can i be honest, bill? i wrote an email, and i was saying, "wh

viacom was ready. we never slowed down. schools and businesses went virtual and we powered a new reality. we have built to keep you ahead. >> giving you a front row seat to democracy. >> coming alive today at 1:00, jen psaki will be answering reporters questions about issues facing the biden administration. you can watch that live on c-span starting at 1:00 p.m. eastern. >> secretary of state antony blinken testifies today on the budget request. watch live on c-span. online at c-span.org or listen on the free c-span radio app. glad to welcome back brendan boyle, joining us ahead of the budget and ways & means committee, taking up the budget tomorrow. i wonder if your way in on the question we addressed this morning after joe manchin said he would not support the for the people act or ending the li

person that said brian roberts is scoping out options and ideas on the table include tie-ups with viacom and cbs, and possibly roku all of these are merely thoughts at this point, which of course comcast is always thinking this is something that brian roberts that is done and done very well for many years that is, identify potential targets, but saying in any way something is imsnent would be a big mistake, and comcast calling it pure speculation. for any number of reasons, it's hard to imagine a -- there's certainly you would have an antitrust issue, and certainly they might want paramount, but even paramount and university may pose an antitrust issue in this environment the question is, would they spin off our parent company, nbc universal, and i'm sure that's something that's would have been thought of, of course, the warner deal did come sooner together than brian roberts thought it would, frankly. comcast thinking about so many things it doesn't mean anything will happen, but the roku part was interesting, a different pursuit, but again a company with that multiple that's moved you

. >> to amazon, this is it maybe you get this one through you want to go buy viacom one day, forget it. >> i actually thought about that what this is really about is future deals, david all of your buddies who are bankers right now they are saying i don't understand favor saying this is just a pimple. this is the beginning of pay investor having nothing to talk about. >> by the way, they have begun there's a lot of deals in the smaller range, but the big deal, this is all that this is about if you're the ftc, you don't want to go to court if you can avoid it what you want to do is prevent them from thinking about doing the deal because of the threat of houw long it's going to take. >> leaders always go to fire brand. >> when i think of that, i think about -- you know, raise less corn more hell you think about the great populous of all time. >> you don't think of chaka khan at all, just lena chan >> thesla laid out some of the hopes for star link. man that thing is going to consume a lot of capital the star link satellites delivering broadband around the planet, particularly to rural ar

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eastern, 7:00 central right here on cbs and on viacom, cbs streaming service paramount plus. >>> andtory for you? so this is a cat burglar, gets called out in the state of oregon. look at this guy. this is a girl actually. kate felmet noticed her cat esme was bringing home masks and gloves from a park and the neighbor's garage. so she made a sign that reads "my cat is a thief, please take these items if they are yours." and then she hung up the loot on a string for the rightful owners. she spoke to our portland affiliate about how esme shares her treasures. >> when she brings them, she comes to the back door and yowels like meow until i tell her she's done a good job. >> nice. she says that esme stopped bringing things home for a week after she hung up the sign. i think little esme's got beautiful green eyes. wondering what's her end game there? is she bringing it home for mom? >> at least she's honest when she brings the stuff home and admits it. >> she listened to the sign, though? i've never met a cat that obeys orders. >> the cat can read. that's a new one. >> they say cats -- i'

to continue to see it but the name that comes up most often right now with the most questions is viacomports yesterday, you know, some of the parts, could they actually sell paramount, given the mgm valuation, who knows, but there is, carl, that one is certainly the name that most people in media at least talk about, old media, talk about most often in terms of the future direction and the decisions that must be made to compete with the far larger companies at this point. >> yes, and of course, don't forget amazon and mgm. amazon not moving a whole lot this morning, guys although there were a couple of other news items regarding the company. one is that they're going to stop testing their employees for marijuana use and a blog post last night saying they will get behind efforts to legalize marijuana at the federal level which i thought was interesting, david. and along with i guess an official announcement of prime day, and we know how material that can be to the quarter >> yes, that's an important day. and we'll all get ready for our various bargains that will be available. marijuana t

effectively the journal says brian roberts, the ceo of comcast needs or wants to buy something like a viacomn october and even talked about it that nbc universal and warner media made the perfect marriage that was creating the next disney was putting those two assets together. that's not happening because discovery is merging with warner media. it doesn't appear that comcast wants to come in over the top i think the challenge in what i saw was reallytwo things comcast has to spin off nbc universal which i don't think brian roberts wants to do and two, they have to break the company back apart after three years of putting it together scale is more important. we are seeing it every day in the media space, no doubt nbc universal is out and happening anytime soon >> what do you think regulators would allow comcast to buy in this environment if they wanted to buy mgm. much like they bought dream works a couple of years ago. >> right we are already watching them take a look. >> doing a major acquisition without spinning off, it is very slim the doj has a bad taste from the last go around it's unli

to viacom if you're sherry redstone, what do you do now?m, then you've got one of two choices. you've got to hope that one of the big tech companies will say, as amazon is doing, saying, hey, we've got to bring in content and we've got to buy something that already has library and the creation of content. that's your only real option you can go it alone, but it's going to eat up a ton of capital and it's going to be hard for those who have the first mover advantage, brand equity and proving that they know how to become global. that's the real challenge. >> all right, bob. i'm getting -- we like to talk amc, we like to talk so many things but we've got harely waiting, too great to have you on, bob. >> bring me back so i can see you face to face. >> i've got a spot right here. i was just thinking that we will see you soon >> also, raise my fees this inflation is hurting me. >> working working on it we're working on it. we've got the boss here. we'll talk to him. >> can do that right now. >>> when we come back after the break, which tax rate f

here are the s&p 500 winners, viacom, cbs right at the top, we've told you about etsy, and they're upht before their 4-for-1 stock split. next case, how much would you pay for indiana jones fidorah? how about james bond suit jacket they are all up for auction and they will be on this show we'll tell you how much they like it to sell though but first republicans are to blame for the surge in violence across the country. the sheriff of clark county, nevada will respond to that, plus he's got a big announcement to macon this show, today. energy efficiency in texas says they can handle the record breaking demand for power but climbing temperatures will put the state's power grid to the test. we're all over that one. stay with us as the third hour of "varney" keeps rolling. >> ♪ it was the heat of the moment ♪ ♪ ♪ when technology is easier to use... ♪ barriers don't stand a chance. ♪ that's why we'll stop at nothing to deliver our technology as-a-service. ♪ look...if your wireless carrier was a guy, to deliver our technology you'd leave him tomorrow. not very flexible. not great at saving.

bigger market cap than united airlines, l brands why is l brands in there with united airlines and viacoming up 20%, they were bigger than the market cap of half of the s&p 500 companies. it's a substantial move. >> diamond hands, baby >> bigger than u.s. steel. remember who said that that'sa g2 reference. >> let's bring in mike santoli to help us try to make sense of what we're seeing. mike, good luck with that. >> i'll try. the company is merely acknowledging the absolute obvious and what we've been saying which has taken on a life of its own detached from what's happening in the company and the business amc year to date overlaid against gamestop gamestop dragged amc higher in january. it was part of the whole movement here amc is completely racing above it what's important is the shape of the chart when finally it gets to the extent of that demand when it accelerates vertically, it becomes unstable at those prices yesterday the average price paid for a share of amc was around 65, okay yeah, it was up 30 something, up 62, but they traded in that higher level towards the highs of the day

that the group of companies is going to be confined to, you know, your parent company, comcast, or viacoma very wide net and what's interesting is do we see nontraditional players come out who wouldn't normally want media rights but are looking at something larger >> two questions one, there's always been a view, at least inside the nfl, up until now, that they wanted to always be on a big network eyeballs mattered. eye ball reach mattered because of the sponsorships, ticket, whole ecosystem. do you think we are at an inflection point now -- not to say that eyeballs don't matter but now there's enough eye balls on these other streaming services that that could effectively replace the quote, unquote, network >> no, i don't think so. i think the nfl raem views reach as really important. think about what's happening to other sports regional sports networks are dying. they can't figure out their future they're losing distribution, distributors are dropping them left and right, and the businesses sinclair we don't even know if diamond sports survives and can stay out of bankruptcy. there's a l

bigger than kraft heinz, taco bell and owner of yum brands which is the owner of yum brands and then viacom cbs and almost three times the size of game stop so when you're worth $54 billion is that necessarily a joke anymore? stuart: no it's not a joke at $54 billion maybe the joke is on us for putting 54 billion into a joke coin. reporter: oh, gosh it depends on how you see it. some people like decentralized community building and value so 54 billion i don't think is a joke anymore. stuart: okay. let's see how you trade it. if you do trade it. [laughter] if you make any money, good luck good luck i mean that. reporter: thank you. stuart: quick word on mortgage applications this morning. 2% lower than the same week a year ago. this is the second straight week that purchase demand was lower, not really much into that. refi's 6% higher than a year ago not much change in the mortgage market. i've got to bring this to you. i mean this , heartbreaking scenes, like this , are becoming all too common at our southern border. roll the new tape, please. >> [child crying] >> no, no, no! stuart: dear l

this is really a travesty and then the problem is when companies -- this same thing happened with viacomutive is going to come in and sell stock, that triggered the archgos meltdown which cost wall street $15 billion. there are all kinds of nasty side effects coming out of this. maria: i agree. you're going to have to write another book about it because your first book on the colossal failure of lehman brothers was really resonating with our audience so we'll see what you come up with next. let me ask about esg investing. i know you've written a lot about this and you say that there's esg overdose right now and it's making putin even more wealthy. you look at oil imports, for example. u.s. imports of russian oil spiked in 2021, up nearly 30% from the highest levels during the trump administration as oil prices are reaching the highest levels in two years, larry. and you've got this new esg investment portfolio being played out across wall street. give us your take on all of this. >> well, always watch the richest man in the world. you have to. vladimir putin makes jeff bezos look like a

we reached out to viacom cbs for comment we did not hear back. we wish you the best. thank you.wly released emails to and from anthony fauci. >> the emails paint a disturbing picture. >> the true mark of someone is that they look good even when their personal emails come out. [screaming] >> they're drowning. they're drowning. jillian: fox news captures exclusive footage of migrants nearly drowning while trying to cross into texas. >> so now we have 34 counties on the border who ask me to declare their county a disaster. >> the ransomware attack on meat packing company jbs likely originated in russia. >> do you think putin is testing you? >> no. >> they sense weakness. i think they are trying to see how much they can get away with it. >> daddy teaches you can be anything in this world that you want to be. right? don't daddy teach you that. >> yeah. and it doesn't matter if you are black or white or anything. >> this is how children think right here. critical race theory wants to end that. of ♪ ♪ ainsley: that is st. augustine, florida. i know brian has been, there have you been t