well is that where viacom cbs is heading? charlie gasparino. what do you say, charlie? charlie: beyond meat, could you imagine making meatballs with beyond meat? it sounds so gross. ashley: no. charlie: i've tried it. i've had an open mind. i tried it. it doesn't work for me, and by the way the fat content is insane but let's guest back to fish, small fish. ashley: now that we've trashed beyond meat. charlie: listen i'm sure there's health benefits here but i'm just telling you, my opinion. do they advertise with us by the way? [laughter] ashley: not now. charlie: can we throw up the chart to tell you why bankers are now highly highly speculating, hotly speculating about why shari redstone is looking to sell viacom? it's a great chart and there you go, now look, they are supposed to be big, right? but look at the relative size here, 27 billion compared to comcast, 238 for netflix, that fluctuates daily, but you know, it's where they are today and look at amazon which for all in tense and purposes is a media content player rig

she just merged cbs and viacom together in 2019. lauren: got it.the music is playing charlie thank you very much record highs just minutes away, big week ahead, "claman countdown", coming right back. sometimes, you want speedy but reliable. state-of-the-art but dependable. in other words, you want a hybrid. so do telcos. that's why they're going hybrid with ibm. a hybrid cloud approach with watson ai helps them roll out new innovations anywhere without losing speed. from telco to transportation, businesses are going with a smarter hybrid cloud, using the tools, platform and expertise of ibm. . . do you have a life insurance policy you no longer need? now you can sell your policy, even a term policy, for an immediate cash payment. we thought we had planned carefully for our retirement. but we quickly realized that we needed a way to supplement our income. if you have one hundred thousand dollars or more of life insurance you may qualify to sell your policy. don't cancel or let your policy lapse without finding out what it's worth. visit conventrydir

saw one survey of an intent to turn and they talked about showtime and paramount plus which are cbs viacomwhich is the kind of thing that you would want if they get more price-sensitive that is going to television shifts to streaming services. jack: let's move on to the actionable ideas, i will start with you carlton. >> taking a look at square one a proxy for people who want to invest crypto currency, to an analyst said investing in square now would be like investing a j.p. morgan in 1871 in addition to the crypto currency they like as a new bank especially with a cash out program that has. jack: imagine how well that would do with a full-time ceo, what is your pick beverly? >> more bad news for chinese stocks that trade in the u.s. china is a great long-term play but this is the time for professional management to that i like her fidelity in matthews china. >> much better than individual stocks thank you beverly and carlton and jack, check out this week's editions of barron.com don't forget to follo dr. michael youssef: hello, friends. michael youssef here, and i'm one to tell you that y

expecting some movement in viacom in the not too distant future from now.ot of different option hits there, which is very unusual. the next one, we were talking about chinese evs. how about nio. only some buyers of the july 45 calls. those, obviously, july these expire on friday very, very short term. but a nice size buyer of those at the 44 strike that was interesting coming into earnings tonight, tesla, the most recent thing that i'd seen that really stood out for me was just last thursday we had a huge buyer of 20,000 of the puts, the 600 puts out in july going into this number stock very close to the levels it is right now. so somebody out there betting that maybe we'll see a substantial pullback in tesla after we hear the earnings call. >> kathy wood saying wall street continues to value tesla wrong we'll see it it's interesting july 600 puts. we shall see it always moves pretty big in one direction. we'll find out which way that is pete, thank you. "ask halftime" is next play your questions by video askhalftime@cnbc.com bit differ. where technology he

disney, comcast, viacom all involved in streaming services.the day, they held up paired netflix going into the earnings story. he started to see their stock drop paired -- started to see their stock drop. we did start to see some of these names trade in sympathy. does that continue to tomorrow? i do want to broaden it out into some of the other sectors of tech. today was a risk on day. when it came to tech, it did not discriminate. we did see the nasdaq 100 much higher. not as big as some of its cyclical names. 1.2% gain is nothing to scoff at. biotech stocks, even the chinese adrs. those had been under pressure because of the regulatory scrutiny today attracted investors. caroline: crypto still down to always great -- still down. always great to get her analysis. let's go back to netflix. managing to push higher. we are still worrying about the subscriber forecast. 5.8 million. you're getting a guidance of 3.5 million coming from netflix. is this more than we are expecting? andre is with us to discuss his earnings report. i know you are a man

viacom, cbs, comcast, nbc universal are under pressure. most telling comments is that he is paying close attention to the amazon mgm deal because it shows scale does matter. the only way these guys can compete is if they scale up. he suggests amazon and apple have the cash. they have sharp elbows and they have switched up the industry. romaine: we will see if apple becomes a thing in the streaming wars as it has promised to be. is there talk at all about regulation at the idea that dreams of consolidation could run into a new administration and a new focus on size and scale? ed: i have asked and people say we will see. the bided administered -- the biden administration has put energy back and antitrust. i asked sheryl sandberg of facebook if we will see facebook being more aggressive. she said nice to see you and did not comment. what people are focused on our deals that add value. the pandemic theme has been that content is king. it is not just traditional broadcasters. it is not just traditional media companies trying to get hold of thes

viacom cbs is in the rumor mill for a potential deal. controls cbs viacom through national amusements is here. there will be a lot of other people here as well, neil. bill gates, we confirmed that bill gates is at least scheduled to attend. this has been an interesting year for gates. he had to resign from the microsoft board. it came amid an internal investigation that when he was ceo of microsoft he had an affair with a worker there. amazon's chief jeff bezos will be here. andy jazzy who will replace bezos will be here. we'll keep an eye out for all this stuff. there will be a lot of deal-making here this year. a lot of talk about cbs viacom being for safe. a lot of other properties. hopefully we get a little insight what that deal-making is. we should point out, neil, this is kind of a pseudo intellectual think fest, at least superficially, these guys come here and think big thoughts. behind the scenes is where the bankers work. i will try not to get thrown out totally. back to you. neil: are you staying at the same resort these guys

subscribers and what analysts like about the strategy, dan >> and pat rah mount plus over the cbs viacome value they are building out. when julia was saying the names of the streaming things my head is about to explode. i just want the shows. that's what cable did for you before so these all got unbundled, everyone is spending billions on doing this they get rebundled cool your jets and search for your stuff and find your shows it's getting annoying, so zaslav saying there's more media profits and more son kohl dags it's not something consumer friendly if it keeps going this way. >>> talk about a good start to the jobs, shares of amazon hitting a new july time high as andy jassy aches over as ceo >>> twitter poll, with you buying courtney dominguez' fast pitch? we're back after this. - grammarly business turned my marketing team into rock stars. (diana strums guitar) maya swears by grammarly business because it keeps her work on brand and error-free. fast and easy. - [announcer] learn more at grammarly.com/business. [ "me and you" by barry louis polisar ] ♪ me and you just singing on the

then you start falling off of viacom. it's interesting to note amazon streaming services where we have watching movies and they would be the second biggest streamer behind netflix except for we don't watch a lot on amazon which service d well, i like netflix, but it's funny because of the way disney. i saw in number 2 position and. >> i swear jersey started yesterday. you know, it's so do i can't believe you just rocketed up like that. >> yeah. it feels like disease got the production values whereas netflix as the volume volume access to quality content that we want to see and theater so i little bit different, but they're all michy but replace cable bill with just a time. a bell at totally just as high. and i like hulu to find a way. thanks a it started. well, judge delayed if you have a question for rob. you can reach out to him directly by e-mail facebook or twitter. we'll be right back. >> 9.24 and there's new apps that can make sure that you never lose any of your photos on your phone. rich demuro takes a look in thi

we will talk about names like viacom and ibm sea shaun o'hara, president at pacer etf.ng me its valuation driven for us and its free cash flow based it's the free cash flow you receive on an annual basis divided by the total enterprise value of a company a different way to measure value. tech is expensive right now. the nasdaq is at 38 times earnings so you can buy, for example, a name like ibm, which trades at less than half of the forward pe to the tech sector, you buy a company that's starting it to move towards the cloud which is a very profitable business they generate huge amounts of free cash flow if you are looking to play cloud but not at the elevated valuations, look at a name like ibm. str stream,ing, netflix is the obvious, the big player in that space. but there is growth constrained going forward. they have 200 million subscribers in the u.s in order to grow the numbers at the rates that they have, they either have to increase the number of subscribers dramatically or increase their rates, which they probably can't do in this market. two names that screene

it's available on the viacom cbs streaming app paramount plus. >>> so many students rising above scholars, high achievers always on the go, and this week's color no exception. >> after she experienced a big loss, she discovered slowing down can also be a path to success. >> there is a lot of value that can come from knowing who you are and where your people come from. >> reporter: felicia james walking with confidence into her future, heading to alabama state for her last semester of college. the historically black university provided the 23-year- old pittsburgh resident with an educational link to family and community in the deep south. >> i'm still grasping the of it all, what it means to me to be going to an hbcu and to be learning more about my ancestry, my history as a black woman. so for me, all i can do is go back to both of my parents being deceased. it's like i have to jump back a generation and use my grandparents as much as i can, from what they remember, what they were even able to access. >> reporter: a big jump a young womao so much. >> i already lost my dad when i was in el

i think viacom has a lot of assets there >> i don't know what the traders will say when i ask them whatwill watch. i am hoping somebody will say ali baba >> i'm watching abli baba. >> are you serious in. >> no, i was going to make something up my final trade is they were on the epic side. obviously, we know all the headlines. we don't know how it will play out. i have to assume we are kind of getting close here this stock is down from 3420 it got down to 180 a week or two ago. it had a nice bounce i don't think much of what they say will change anything that u.s. investors who have been selling it change their mind right now. we need to see something come from up top. >> what were you really going to say? >> i find uber interesting it's down 15% and done a lot from its highs earlier in the year if you look at new york city and the availability of ubers and the pricing of ubers, it feels the pandemic broke that business model to me. it's back at the lows from a couple months ago. let's see if you can hold that. >> why don't we get to the final trade? brian kelly. >> all right don't forgo

we still own viacom, and we are trying to play high-growth themes with value investments, viacom is oneo over 4 billion in revenues in their streaming business up over 60% i think you're going to see, you know, acceleration in the second quarter when they report it's trading at a ten p-e with a dividend yield and it's an easier way to play that theme. >> dan, i have a question about the inflation being transitory and i understand that it could be in certain area, but if you are a retailer and you've raised your prices because your supply chain is more expensive and you have to pay your labor more and you see consumers are responding that they're not buying the product. so they're still buying even though the prices increased and if i'm a retailer i'm going to go knock that price back down once my input cost goes back doesn't inflation stick around and become much more than transitory >> absolutely. wages fits into that, right? wages sneak into your finished goods and services and you know, if you give somebody a pay raise, you can't come back the next month and say oh, by the way, we're

>> i'm kind of back stabbing us a little bit i'm doing cbs because i'm going with viacom but i think. >> and mike? >> yeah, if you want to be in the airlines but considered about a slow recovering travel, pick an airline that doesn't have as much exposure, like southwest which is trading cheap, has lower composure and a great balance sheet. >> all right guys, a great show as always thank you for taking it easy on me and don't go anywhere. it is friday but the regal beagle could wait for 30 more pts because we have "options action" coming up next and pins and the pop and ford v tesla next retirement income is complicated. as your broker, i've solved it. that's great, carl. but we need something better. that's easily adjustable has no penalties or advisory fee. and we can monitor to see that we're on track. like schwab intelligent income. schwab! introducing schwab intelligent income. a simple, modern way to pay yourself from your portfolio. oh, that's cool... i mean, we don't have that. schwab. a modern approach to wealth management. the world's first fully autonomous vehicle is almos

the obvious target are viacom, cbs, paramount plus service which is behind the pecking order of otherscomcast. beyond that, you don't just have m&a specifically, it's about other deals. >> we can see pictures. are there any interesting conversations you can see happening? >> yes, you have this antitrust news at the mike -- the moment. we haven't actually seen the microsoft ceo yet. they tell me that jeff bezos is on his way, but he has not arrived yet. and of course, google is in the freight. imagine -- google is in the fray. imagine them all being in the same room with the data and ios discussion going on. i also asked sheryl sandberg, did she have any comment on president trump's lawsuit? she said no, then she went in and had her breakfast. i think that more arrivals are expected if jeff bezos comes, there will be questions about blue origin. july 20 is not far away. should he not be preparing for his trip -- trip into space? the keynotes are really about the economy, covid, a lot of health specialists here. what i am hearing is that this is a great time to speed date. [laughter] one

markets together partnership talks come as comcast and viacom cbs are looking to expand.ng i would caution folks it would be very, very challenging in this regulatory environment to try to pursue something more meaningful that's why, in fact, if talks were to proceed it were around international streaming and the like. >> and that's why you would want to get it out so quickly, with an exactly what the meet ing is about. the minute you hear there's a meeting between brian roberts and shari redstone you're thinking -- i don't know whether you believe what you hear, that brian says he doesn't think it's necessary to pursue something like that. kavanaugh, cfo, saying we like the assets, the hand we have right now. i don't think we need to give anything back. if you take that at face value but you never know with these guys you never know and all of a sudden -- but you're saying -- >> the one thing you know -- >> you're saying the concerns -- >> you saw what happened to the stock last time. it was about a month and a half ago. immediately sells off. >> how clever you can get w

mgm, you look at what apple has done in the content space, now there is pressure on the likes of viacom comcast, can they buy some property that will keep them relevant? one thing is clear, there is a consensus behind the scenes that there are deals to come in the tnt space. matt: cheryl and mary are pretty young. everybody else there looks pretty wise in their years i'm sure. we saw warren buffett pull up. is there a young tech crowd there at all, or is it just billionaires and ceos in their 50's, 60's, 70's, and 80's? ed: it is really interesting. the press is camped out because they want to hear from jeff bezos. sources tell me that jeff bezos is attending. you do have this next generation of the palantir ceo who is here, for example. you see other players from the worlds of social media, dropbox's ceo drew houston is here. twilio ceo is here. those may not be household names when it comes to sun valley but the landscape has changed. deals gone behind the scenes. when executive made the point when you think of sun valley, you think of m&a and the telecom sector. he is not in that spa

misinformation is an elastic and mysterious term for it like the viacom, it appears from like theo vietcong appears from nowhere. and the federal agencies in washington, there is a working definition for this information. if any criticism of the joe biden administration or its policies. that's what we are fighting against. like all patriotic media in wartime, cable news networks are fully on board with this stuff. last night, cnn and posted a video to its website from something called a presidential town hall, leading the front for this war. the capture in this video reads this way, "the president textiles vaccine misinformation." tackle it he did. watch joe biden wrestle miss information to the ground and it like that bad girl it is. >> just like the other question is illogical and i'm not being solicitous, but you are always straight up with what you are doing. the question is whether or not we should be in a position where why can't the experts say, we know that this virus is -- it's goingus to be, excuse me, we knw why all the drugs are not temporarily. i expect that to occur quickly. >

that's why comcast and viacom, rumored to get together.scernible] jonathan: michael, this seems to be a broad sector call. that is what gets my attention here. this is neutral netflix, neutral walt disney company, neutral roku. you see this across the board here. michael: the problem is, and i think about your previous guest in the cost of money, you're going to look out 5, 10 years to see valuation be supportive. to me, it is a long way to go, and everyone is so confident about their data points that i take the other side of this trade. we know streaming is the future, but the market has overpriced these assets. i am just going to wait for that entry point at this point in time. jonathan: let's talk about what would it take for you to say i'm wrong. always a good exercise. what would it take in the coming year? michael: one is our view is that the u.s. is a very competitive market, and it is hard to eat profits out in the u.s. business. you would need to see more consolidation. you would see apple and amazon step act, and you need -- step

which of the players, viacom, cbs, comcast will have to do something to compete with amazon?zon's acquisition of mgm, the maker of the james bond films. that is the talk in the media space. beyond that the chatter is about we are all back together, we've not seen each other for a long time, let's do some business. taylor: you mentioned amazon. there was a big shakeup in the tech world yesterday with microsoft may be losing some of that contract to having to share it with amazon. where are the biggest of the big? ed: this is what some of the awkward moments about sun valley are. the relationships between ceos that are not in a good space. sources tell me jeff bezos is coming from sun valley. we have also not seen microsoft ceo -- he has been invited according to the list. now google enters the fray and we have not seen -- we are also interested to see what jeff bezos has to say if he arrives. the baton being handed over this week. sources tell me it was an opportunity for jeff bezos to present the new amazon. guy: in terms of what is expected to come out of this, we talked abo

streaming service hbo max is in focus along with sherry redstone's paramount plus, of course, part of viacomy could be a buyer or seller as streamers look for more scale to compete with netflix netflix co-ceos both here arrived yesterday. also other media moguls here including barry diller and imagine's entertainment brian grazer grazer said she thinks this is win for creators like him, and a bunch of tech categories also in focus represented by a number of ceos crypto, xapo and coinbase here and biotech, ginkgo bio works, illumina and cybersecurity players as well. tamian and lookout and hearing cybersecurity particular is top of mind for a lot of the ceos here across industries deirdre? >> there and probably everywhere julia, thank you for that. looking forward to your first on cnbc interview later with linkedin's reid hofer. "techcheck" is back in just a minute. above everything? you decide fast... is never fast enough. you put muscle over matter. and you make horsepower... a superpower. ♪ welcome to the brotherhood of muscle. only 6% of us retail businesses have a black owner. that needs

. >> while we have you here, you saw the comcast and viacom news.t is international, streaming, i believe it if that's what they're saying is that sufficient for what those two companies need to do will that be -- will that be enough then i want to ask you about peacock, but first answer that do you think that's what -- peacock right now is a success in terms of the ads supported. i'm watching it. i don't mind a 30 second ad. i don't notice i don't know why i would pay for it i'm watching "dr. death. have you watched it yet, sorkin? >> you're never going to let anyone watch it. >> i am not. >> whatever problem you have, i'm going to keep my knee. you would never let anyone operate after seeing it. is that a problem, it's so good with the ad supported that no one switches over to paid for? >> well, i still believe that getting content commercial free is preferable. it's a better way to watch television, not having commercials. that's the key reason we'll never see netflix introduce an ad-supported service certainly peacock has shown you can get distr

like the viacom, it appears out of nowhere, from the night it's off to take our lives. misinformation with all our hearts but we can't really describe it not that we need to, really. but in washington, working definition for misinformation. it's any criticism of the joe biden administration or its policies. that's what we're fighting against. like all patriotic media and wartime, the media is fully on board. late last night the cnn posted a video to its website, something called a presidential town hall, right on the front of this war by the caption of the video wreath this way, the president tackles vaccine misinformation, and tackle it he did. watch joe biden russell misinformation to the ground and spank it like the bad girl that is. >> i pretty speak about it because i'm not being solicitous but you are always a straight up about what you are doing and the question is whether or not we should be in a position where you are, why can't the experts say we know that this virus is in fact -- it's going to be -- excuse me, we know why all the drugs are approved or not, te

what does that mean for viacom cbs? also looking at amazon because of jeff bezos.ources tell me he is definitely coming, but he's not arrived yet. of course, we had the jedi contract. we have yet to see google's ceo, who may now have a chance on that contract. i spoke to a couple of executives this morning. one pointed out to me that this is a great opportunity for him to be in the room for the first time in 18 months with customers , with investors, with existing business partners, people that haven't been face-to-face for a long time. i asked another exec it of which will we see deals happen? he said they have been holding this conference for 35 years. why would this year be any different? taylor: i'm going to take it from here. iq has always for bringing us that report from sun valley. i hate to break it to you, you are the cell signal. the minute you open your mouth at 10 a clock a.m., you get a sharp drop. we do not go to the moon. we go to the opposite. take a look at gamestop, off 9%. amsi is now off for 4 -- amsi is now -- amc is now off for four straight d

by the way, that's what makes it odd, viacom cbs, brian roberts is here.ght. see you tomorrow. go find david sasse love, get some news from him. charlie, thank you very much. we are coming right back. ♪ ♪ . . ♪ all by yourself.♪ - oh. - what? rain. cancel and stay? done. go with us and get millions of felixble booking options. expedia. it matters who you travel with. my retirement plan with voya keeps me moving forward. expedia. 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. voya. be confident to and through retirement. ♪. liz: okay, so it's the nasdaq the only one that looks to close at its second record in a row. any gain works here up 24 points but today's "countdown" closer says, you know what? forget the investor rule book now. time to throw it out. it will not work in the future. there is a new book. peter mal u.k. is putting it all together. creative planning ceo. 85 billion in management. yo

that's where i want to pick up more of it like i picked up more apple in march and more viacom after it came down that's my tactic right now i think we're in a secular bull market pause for that to take hold and then within that secular bull market you're supposed to overweight those stocks that look like they'll come out of a consolidation/correction soon. that's disney to me. >> i hear you. highs of the day for dis, $203 is the 52-week high. not all that far away from where the stock is now by the way, jpmorgan today reiterates disney as its top pick it's about theme parks, movies bouncing back, driving the share price higher shares again on the move today interesting, brenda, one of your picks in our stock summit not all that long ago. >> that's right. i agree with jim this stock is poised to come out of this consolidation and as i said during that stock summit, i really think disney is one of the few companies that's going to come out of this being stronger than it was going in, in terms of now the streaming business over 100 million subscribers, incredible content, a return of t

. >> steve >> viacom.ck -- the gap back to 100 and it's going to happen starting probably in the next couple of weeks. >> brian kelly. >> first time back at the nasdaq to paraphrase ace freely, good to be back in the now group and to buy fcs. >> that is great b.k. isn't it great seeing the b.k. and his lawyer and his bad word on air mcdonald's like mcd. >> you weren't supposed to mention that we haven't gotten fined or anything thanks for watching fast "m meywi j cmeadon" thimrar starts right no 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 you so call me at 1-800-743-cnbc or tweet me @jimcramer. with the first half of 2021 in the rearview mirror, what are the mayo

when i was -- you all know that i came from bet, the told pre-viacom bet when bob was in charge and we did a lot with a little and i'd like to say the same thing, i go -- i guess about bet that i say about mmtc, we were often in a situation where we were working hard and we had to change. it was like one of my producers said, this is like trying to change the tires on a car while you're driving the car. well, i would like to ask that everyone who believes and supports mmtc that you continue to do so, that you continue to reach out. i have a very special closing thanks i'd like to make to ron johnson and david. as ron said, we were joined at the hip, nights, weekends, church sometimes, you know, church was like for me and ron to kind of only sacred time when we didn't put our heads together and keep this wonderful organization going. we've had over 100 graduates of mmtc's programs and alumni and with support we can double, triple, quadruple that. so that's all i can say in chosing, i don't want to mention a lot of names because as i've said i've had a lot of supports. deb, nicole lazar,

you all know that i came from the old viacom bet and we did a lot with a little. i would like to say the same saying that i guess i would say about bet that i would say about mmtc, that we were often in a situation we were working hard and had to change. one of my producers said it's like trying to change the tires on a car while you are trying to drive the car. i would ask everyone that believes and supports mmtc that you continue to do so, continue to reach out. i have a very special closing i would like to make. we were joined at the hip. my weekend church sometimes was the only sacred time when we didn't put our heads together and keep this wonderful organization going. we had over 100 graduates and alumni. with support "a triple, quadruple that. that's all i can say in closing. i've had a lot of support. i said i wasn't going to mention names and i started doing that so i will probably get in trouble. thank you all. it's been a wonderful experience. i hope after i rest up to continue to be part of the cause. it's been a pleasure. thank you. >> appreciate thos

they do not have deep enough pockets to compete with viacom they do not have a toll gate where they do nothing and get a fee. apple is a much better business model, in my opinion >> you say 30% from doing nothing on a day we're talking about a bunch of state ags cracking down on google for its app store practices which are similar in the numbers to apple. so you have a buy on apple buy on alphabet, google, hold on facebook, about regulation but, hey, there are regulation concerns potentially across the board. why more worried on some versus others >> sure. so on alphabet specifically, we would love it if the government would break up alphabet because we think youtube alone is the value is getting buried inside the conglomerate so that is youtube this year will report $35 billion of revenue it should be valued where roku, around that 16 times revenue instead because it's part of alphabet, it's valued at five times. so if it -- if the government said oh, google is too big, too big of a monopoly so we'll force them to spin off youtube it creates 30% upside value for shareholders and i lik

then one of the last things i would like to say it is a village and it takes a lot so i came from viacom from bet. so i would say the same thing is that weio were in a situation we were working hard and had to change and this is like trying to change the tires on the car. and anyone who believes and supports that you continue to do so and then to have a very special thanks to those and we were joined at the hip and that is the only sacred time for us to put our heads together to keep this wonderful organization going and then to double or triple or quadruple that. that's all i can say in closing. i said it wouldn't mention started to do that. 's now i will get in trouble. so it has been a wonderful experience. i hope i continue to be supportive of that cause. thank you. >> we appreciate those remarks everyone for staying with us. it's very important we get to the end of this to be part of the family and we went to send her out on a good note were please you are here to help us do that so have a great day and keep up with us because we have other programming coming down the road. thank yo

also the title of a new book from author sebastian junger, published by simon & schuster, a part of viacomand i walked along the east coast along the railroad lines, sleeping under bridges and cooking over campfires. it was a kind of high-speed trip that saw us go through farms, ghettos, suburbs, wild lands, that make up this grat country. once we walked through chester, pennsylvania, a small, but dangerous town that recently tripled the murder rate in nearby philadelphia. it was a warm, fall day, and i saw a man drinking on his front porch. he raised his beer as we passed by, and i stopped to ask him what he loved most about america. freedom, he said without hesitation. it is a free country. the man was african-american and lived in an exceedingly poor, broken community. it seemed like a moral victory that he would remain focused on freedom, despite the injustice of his circumstances. my father grew up in europe and fled fascism in spain and then in france, and he told me he came to america because he knew that freedom and democracy would never fail here. he always made sure to tell me th

that there will be a leveling off each one will have a different conversation whether it be disney, viacom going to get to a leveling off in '22 as they see where their numbers are. but the one thing for sure will be the case, content is king and you will get premiums and we're still getting a lot of premiums. >> and it would seem that the incremental cost is really the direct to consumer businesses. >> yeah, because they have -- you know, i have to do which is profit and loss. they do a business of costs and data >> warner is paying out a huge number on wonder woman 2 whatever that was even though that they won't see it at the box office >> that is their choice. everybody makes those choices. and across the platform, there are six people bidding for content. we just had a bidding war on a movie with david ellison it went to apple i think that apple will have a great movie on their hand. but a lot of players wanted that movie and i think that that will be the case into 22 today, 23 to probably the next 2e7xt ten yeas >> and you mentioned apple it is not anywhere near as robust as some of t

they've invested on sports and could easily be broken off you mention viacom, that value is just farces or stay independent or buy something. there are loads of table net companies that are still around. >> there is comcast and disney i'm hoping we get great content. i still can't find anything to watch. >> that great news is that they found out too late we all know how great he is. there is a lot of heavy lifting, that will deliver pretty quickly. the discovery doesn't change the dynamic. it still can be bought it can be bought by comcast or a faang company. they don't need to buy it will scale up it will go global. they can buy anything on a global basis a lot of the content if they buy anything else can be used across all assets they can leverage an acquisition than say amazon can with mgm >> thank you, we need to talk more about this. we are out of time thank you and julia will be back with us if verizon ceo comes up in the next hour much more on sun valley in an interview. that is "squawk box" coming right back m that's the thing to do ♪ ♪ music ♪ when you see value in all direc

today so thank you to all my colleagues for supporting that and also this all honesty thank you to viacomleagues will be leaving us while i am on break and that is gisele thomas. >> oh. >> a young producer on our team. she is one of the most talented young people i know and while we were out on a recent story, something important happened. let's roll the tape. >> thank you so much, aaron. i really appreciate it. >> that's amazing. well done. well done. >> that is giselle getting her very first job offer for an on air position. wgfl, florida is a state where i think a thing or two is known to happen so you're going to be busy. >> never news there. >> congratulations, giselle. >> they were lucky to have you. please call us if you need anything and when you want to come back. congratulations. >> congratulations. we'll be looking for you in that live shot. >> we will. >> early morning. >> vlad, follow up that. >> i'm going to try. i'm going to try. we'll keep it feeling good. my talk of the table is about a truly remarkable young lady. zaila avant-garde of new orleans is the champion c-h-a-m-

now, i know what's going to happen in five minutes, i'm going the to get a call from cbs viacom evenppening, we're not officially talking. i know all that. i know all that. but i am telling you, i spoke with several major media ceos at that conference and said based on the sort of -- and that's how these guys do it, by the way. they dance at the conference. hey, how are you, let's talk, let's have lunch. introductions. it's not quite merger talk, it leads to the merger talks later on, and that's essentially what went on. by her body language, by the fact that she was speaking to everybody, the takeaway from her, from media executives is that she's, she's open for a sale or some sort of deal. now, a lot of people are talking about comcast buying it. that would be a really heavy regulatory lift. the people, from what i understand that they did speak, brian roberts and sherry, at this conference. it wasn't an official merger discussion, but they did speak. you know, could lay the groundwork for future talks in the future. again, not official merger talks. but that's how the dance goes.

valley i'm sure there will be a lot of conversations about whether or not redstone is open to selling viacoming they might pull out of hong kong due to data laws it'll be an active week in the space, joe. >> i just realized why some people are mad at zuckerberg you know, you can pick your reason i like the video i like the flag. i like john denver i like what was happening with him, you know, on july 4th but then one of -- a viewer that follows me, i don't know whether that tells you anything, but he said, maybe it's because they're censoring all this -- maybe people are mad because he is pretending he is waving the flag and trampling all over constitutional rights of a whole group of people. whether it's facebook, twitter, whatever i think people from the more woke side or here's this billionaire trying to pretend it is a normal guy, and he's not. he can't do anything without -- and i think everything is that way nowadays, sara you get it from both sides. >> especially if you're a corporate executive. a ton of people work on his message, try to make sure he seems relatable, et cetera my per

example in streaming, netflix is the big player there but you can stay in streaming, names like cbs, viacomcentage than netflix. if you're leaning into your story about the pentagon and jedi, if you want to invest in the cloud, the big players are amazon, microsoft and google. ibm is a little cheaper and they do have a cloud strategy, a hybrid cloud strategy. and if you want to continue to invest in, say, online retail, you don't necessarily need to own amazon. you can own the suppliers of the data services, like the big data center names or you can buy the industrial warehouse names. i was going down to the beach over the weekend, jersey is known for its highways. i take -- you get over the bridge into new jersey with the back roads, it used to be acres of farmland, now it's acres of distribution centers, either finished or being built for that demand. so i think it's time perhaps for investors to be a little bit cautious. we made an awful lot of money here over the last decade by owning stocks. it may be time to reallocate portfolios to names that have lower pes and higher free cash flows