i would say viacom is only willing seller within the group. >> in fact you write we think crystallizationf value in the stock may be the controlling shareholders' final act before looking to transact. what would perfect timing look like >> i think it's a seller's market right now perfect timing in part is a seller's market and the stock price and exclude viacom's run earlier this year maybe driven by factors really i think where the stock price could be in about a year is a right sort of setup from a stock price perspective to make that final selling act so in my mind the next 12 months is probably as good as it gets. >> thank you for being with us >> thank you. >>> meantime this morning several social media companies are struggling to come up and enforce rules on content related to the taliban takeover in afghanistan. >> the taliban doesn't hide on social media and embraces it as a tool for propaganda when the members are allowed on the platforms at all a spokesman maintains an active twitter account and just overnight the count jumped by 10,000 more than on the screen others are the rep

>> sherry's baby cbs viacom is it for sale.event i've asked several of them is this thing for sale it's rumored left and right that it is they all believe it is for sale they believe there is soft shopping and maybe it's mr. burke off have you ever heard of him the guy a lot of people think it's him who is doing it and that there is a soft shopping going on the problem is, there is no natural buyer apparently that is emerging let's go through the scenarios, one natural buyer theoretically would be tech contact by something right now, cannot buy media property, could amazon or could apple do this and i think with abide in the administration with the people in the ftc and d.o.j. antitrust the very anti-tech, the answer is probably no i'm not saying it's possible but it's probably no then you have to ask there is comcast which brian roberts felt he missed the time warner deal and there was talk about comcast buying time warner that went to a separate deal which at&t spun out with discovery, can he go and as you know they have a pa

i like that story but i don't think it changes viacom/cbs overnight.hink the stock is dead money. not going anywhere near 100 any time soon. i'll probably eat those words, but that's what i think. >> just wait, guys -- >> can i just add one thing? >> yes, karen. >> via com doesn't think it's worth 100. it was delighted, delighted to sell stock at 85 they did a master full job. >> it's probably not far off where some company is going to develop a bundle for all of these streaming services by the time it's all said and done. >>> coming up on the show, don't x out of this show pouring into u.s. steel options as the stock climbs higher we'll break down that trade in x when "fast money" returns. >>> miss a moment of "fast"? follow the "fast money" podcast. ♪ someone once told me, that i should get used to people staring. so i did. it's okay, you can stare. when you're a two-time gold medalist, it comes with the territory. comcast nbcuniversal is investing in entrepreneurs to bring what's next for sports technology to athletes, teams, and fans. that's why we

viacom, cbs and comcast joining forces in the streaming battlefield in europe.coming up, you've got to hear it but could the ultimate streaming winner be another name making a big bet on sports wagering? we'll find out with the ceo of f ubo tv, that is next. closing bell 26 minutes away, the dow is now down 246 points. folks, why did we add another 100 points to the lows where we are right now for the session? because we do have that news coming out of d.c. from the chairman of the joint chiefs of staff. very tough situation in afghanistan at the moment, plus, the fed is still battling it out on whether and when to start tapering we're coming right back with much more, don't go away. rush hour will never feel the same. experience thrilling performance from our entire line of vehicles at the lexus golden opportunity sales event. lease the 2021 is 300 for $379 a month for 36 months. experience amazing at your lexus dealer. welcome to allstate. (phone notification) where we've just lowered our auto rates. ♪ ♪ ♪ ♪ and savings like that will have you jumping for joy.

an investigation into tesla and viacom cbs is selling its landmark accordance. cbs money watch as elyse preston reports for the new york stock exchange. >>> it was a down day for the nasdaq, but the other major indexes continue to reach new heights monday. the dow jones gained 110 points for another record close. the nasdaq fell 29. the s&p 500 rose 11. also in, an all-time high. >>> federal regulators are lainatio into tesla's autopilot system. the national highway traffic safety administration says the probe was prompted by a string of collisions with parked emergency vehicles. those 11 crashes since 2018 left one person dead and 17 others injured. the nhtsa says most of them happened at night. and all involved tesla's whose self driving systems had been activated. >>> viacom cbs is selling its landmark new york city headquarters. the 38 story building's official name is the cbs building. but it is widely known as black rock. it is the only skyscraper designed by architect aero ceren and. the finish american behind several high profile project including the ga

tonight get ready for big hour the ceos of viacom, cbs, kellogg, all straight ahead. dow up 135 needs another 100 points to make out yesterday's high don't go awhe.nyer get decision tech from fidelity. [ cellphone vibrates ] you'll get proactive alerts for market events before they happen... and insights on every buy and sell decision. with zero-commission online u.s. stock and etf trades. for smarter trading decisions, get decision tech from fidelity. for smarter trading decisions, hey lily, i need a new wireless plan for my business, but all my employees need something different. oh, we can help with that. okay, imagine this... your mover, rob, he's on the scene and needs a plan with a mobile hotspot. we cut to downtown, your sales rep lisa has to send some files, asap! so basically i can pick the right plan for each employee... yeah i should've just led with that... with at&t business... you can pick the best plan for each employee and only pay for the features they need. this is cynthia suarez, cfo of go-go foodco., an online food delivery service. business was st

jim wells takes viacom to overweight saying credit where krit is due.e story, and they have shown us their forecast for the s vod and a vod users. jim makes the recent long-term guidance appear beatable. >> paramount plus they praise. i think it's interesting that disney is back to where it was before that phenomenal quarter as if it didn't occur. i'd much rather own disney than viacom. >> morgan stanley makes disney and netflix a top pick for the second half as we're hanging onto 175. >> let's say you do get the peak in delta and it happens saturday >> i'll take sunday. >> saturday before the best preseason football game, what you'll have is everything that they're selling right now they're going to be buying i am ordering people not to be whip sawed if you're in disney now, wait until monday i mean, you're selling something that -- people are selling disney don't seem to understand if there is covid they have plus, and if there isn't they have theme parks with viacom, sure. i like the idea of a comcast i'm sure people could say maybe this could be a c

this is such a clear sign of the commitment we have seen from viacom/cbs when it comes to paramount. streaming content, they are trailing, but huge fans of south park. we will be so excited to hear about the new content and i am sure that they will come up with some controversial content as well. shery: i just hope kenny dies less. he keeps dying and he is my favorite character. i think we have seen the back of his head but not necessarily the front. we can only imagine the character. i love all of those characters. some of the controversial topics that they are able to tackle, i love them. apparently, this new deal runs through 2027 so it covers six more cycles of south park so we will be watching that closely. haidi: i wonder what covid variant we will be up to and if we will still be under lockdown. shery: the latest episode was about the vaccination, the elderly getting the vaccination first, which was really great. for those who have missed some of the latest episodes, go wash them. south park will be getting a few more seasons as well as movies. haidi: always topical. share a i

. >> caller: my stock is viacom. >> viacom is an inexpensive stock in an industry that continues to consolidateim boo-yah. action alert plus member here. thank you for making me money. a food company what do you think about archer daniels midland. >> always inexpensive is the problem. 22 1/2% yield. same thing with tyson, fine, not my favor jim in michigan. >> caller: hi, jim thanks for taking my call. mine is an automotive company. >> a lot think it peaked deal of repair my favorite is -- i'll go back to autozone. azo with that great buyback. good numbers how about we go to dana in washington dana. >> caller: boo-yah calling about a company that destaffed. currently overhood vertically integrated and only manufacturer of its kind with revenue. of course, i'm talking about the battery juggernaut. >> that needs to be investigated further by me because i'm not on the jugger fwhaut board. we'll do more work carlo in florida carlo. >> caller: hey, boo-yah, cramer. >> boo-yah, carlo. >> caller: longtime listener, first-time caller. >> i like that first time, long time. >> caller: my is cm, desktop m

a few of the stocks bullish in the space include viacom, cbs. jim, you own viacom. >> yeah.s is a very unrecognized gem within the media space and it comes down to the streaming numbers. right now, they have 42 million subscribers at paramount plus and that's going to be close to 50 million by the year end and if they get a carrier deal more. they have done some tie-ups that bodes well in that regard. they have another 52 million at pluto tv and the point i'm driving at here, this is serious throw weight in terms of the subscriber numbers when the stock shot to $100 a share, they raised $3 billion. so which their sitting on the cash with which to execute their strategy whether they execute it alone or get bought out, either way this is an undiscovered gem. >> there we go turning our attention to the salesforce the committee gets you ready ahead of the results - 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. usaa is made for the safe pilots

taketwo viacom below average price and discovery communications class a shares roughly 28% below there. carl, look at com services and technology, there have been a number of real outside standouts. f f "fortnight" a huge trade on that side. >>> and fubu-tv, the stock's popping. known for sports rights delivered a larger loss than expected but saw strong revenue growth and triple digit year-on-year growth in subs. remember, this is a stock that got caught up in the meme trade spiking above 60 while ago in december joining us fufubu-tv's ceo davi gandler. >> thanks for having me. >> you increase revenue and subguidance for the full year. start by explaining how sports fits in? just what a powerful driver sports is right now. >> yeah. i mean, sports is the key to our business as you guys know, we differentiate in the virtual pd space. the way we like to position ourselves, come to the sports and stay for the entertainment sports a solid driver typically third and fourth quarter with start of nfl season. you see from our q2 earnings a solid quarter and continue to take market share in ter

the sell off in gold >> peleton looks a little weak i'd wait before stepping back in >> karen >> viacom earnings yesterday. >> good stuff. thank you. stat does it for this hour of fa money options action is next followed by special 6:00 p.m. hour we'll see you right after this >>> welcome to options action. i'm brian sullivan in for melissa lee. here is what's coming up >> outside of the covid vaccine winners, a good clhunk of the rest of the health care sector is on life support we'll deliver a second opinion as to why this patient will pull through. >>> then, sticking with the contraian theme. rising covid cases won't round all airlines why your flight crew is still preparingfor takeoff >>> finally, the singular,

south park creators trey parker and matt stone inking a new $900 million deal with viacom cbs they go to overweight on roku, 475. but the south park deal is a big, big deal for viacom >> yeah, i mean, look, there are two different trends going on here when we look at the results of roku, and the fact that despite beating on top and bottom line is the user numbers weighing on the stock, to me that says something very similar to what we heard from netflix, there was a material pull forward because of the pandemic. there is no question the pandemic drew -- drove growth higher and we're seeing the results of that. going forward, especially for roku, the huge potential seems to be in advertising that's where we're seeing massive growth in average revenue per user, huge opportunity, behind a lot of the analyst bullishness on this stock, and it is interesting because that shows that maybe people aren't going to be wanting to spend on multiple additional subscription services, but the fact that roku does have all this free content is an advantage. in terms of the south park thing, the second

will both broad crest from right here in times square inside a new state- of-the-art studio in the viacom world headquarters. >> it is a big deal and a good location and i'm excited. >> reporter: it is a studio with a rich history. it is the former home of the total request live from mtv. >> reporter: there will be many changes and cbs news said one thing that won't change is its focus on original reporting and a storytelling. cbs news, times square. >>> another live >>o'donnell: this is a cbs news special report. i'm. >>o'donnell: >>o'donnell nora o'donnell in washington. president biden is about to address the nation, his military leaders were unanimous in recommending the war end when it did. but there are thousands that war left behind. there's the podium set up right there in the east room of the white house, wuija jang is set up outside, what do you expect from the president? >> historic air lift bringing 124,000 people including over 5500 americans out of kabul in just a matter of weeks but in a statement that he released yesterday, the president said, he would also directly addres

viacom, cbs, and wells fargo say they'll wait until october. they join other major companies, some also requiring many employees to show proof of vaccination. most recently, microsoft and walgreens. and tonight, harsh consequences for those who don't follow the rules. three employees at cnn terminated for coming to the office unvaccinated, violating company policy. lester? >> stephanie ruhle, thank you. >>> let's turn to the debate now on wearing masks. perhaps nowhere it is more intense than our schools with conflict, confusion, and little consistency from district to district. gabe gutierrez visited the atlanta area where he got a glimpse of this controversy that could soon be playing out across the country. >> reporter: in dekalb county, georgia, the new school year is already under way, and students like camille kaufman are required to mask up. >> i did not want to go to school if we didn't wear masks. >> her mom agrees. >> if the alternative is to stay home and have another school year in her room, then that would have been pretty devastat

i'm interested to see what viacom and comcast do. they are too small to win this.is not a business to chase. better to be a content seller than a fifth rated streamer. we are looking for consolidation. do not know when that will be, but to us that has to happen. lisa: are we passed peak content? michael: i think we are year or two years away. apple is going to put more money to work, amazon will as well. there is clearly too much content out there. the economics are forcing lower and lower returns. there is just too much capital chasing this opportunity. lisa: this wears on the hardware story of things, that regardless of who wins the content wars, more people are going to be streaming. is that the pure plate going forward to hinge on the streaming phenomenon that is only getting stronger, even if there is a war on content that is created keeps in pricing down the road -- created keeps -- created peaks in pricing down the road. michael: -- craig: the question is whether -- you could make the argument that in this particular gold rush, the ones that are selling the

viacom, tencent, discovery appeared to have been sold the same amount sold in the second quarter.t includes a lot of the chinese adrs. they did boost their amazon position. it also looks like the love a fire hedge funds have -- love affair hedge funds have had with tech stocks may be over or taking a timeout. a lot of funds appear to sell faang stocks into the rally. they were hot on fintech and spacs notably. haidi: looks like investments tied to the pandemic are being favored by these big investors. su: a lot of action to pandemic related stocks. doordash picked up by two prominent hedge funds pig chase comte -- prominent hedge funds, they all either added to or engaged in new positions. a name that benefits from being stuck at home, moderna, which is part of the s&p 500 also saw a lot of action. the vaccine maker saw a new position worth 900 million. others ramped up their position as well. shery: su keenan with the latest filings. a peek into billionaire and hedge fund assets. this is bloomberg. ♪ >> i stand squarely behind my decision. after 20 years, i have learned the hard

viacom cbs which reports tomorrow morning faces questions about whether its streaming platforms are subscalepported free service pluto is expected to add 5 million active users over the course of the court for a total of nearly 55 million paramount plus and showtime are expected to add 4.5 million subscribers for a total of 40.5 million subs and though lifting lockdowns raises the risk of slowing growth, we've seen positive signs from the media skwlints. hbo max raised its guidance for full-year subscriber numbers peacock reported 54 million sign-ups, including 24 million active accounts. and discovery has 18 million paying subscribers adding about a million just in the past month. and the pressure is on now for disney it reports next thursday for it to deliver after its subscriber growth fell short of projections last quarter guys >> so let me ask you this. when netflix reported results it warned of slowing growth is that good news for the other streamers? are they picking up netflix's customers? >> not necessarily, tyler. what netflix did when it warned of dramatically lower than expected

not just amazon, viacom, cbs, wells fargo, blackrock, u.s.reopening plans. now blackrock pointed to the delta variant and indoor mask-wearing guidelines as reasons for the delay. let me read the memo to employees. we know this raise concerns about returning to the office. even for those who are vaccinated and particularly for those of you when dependants at home who are currently ineligible for the vaccine and earlier this hour cnn also announced that it is delaying its official return until october. these delays, they do make a lot of sense because a lot of people are concerned right now about going into crowd offices, hopping on crowded subways. >> yeah. >> it also shows how worried business leaders are right now about the direction of the pandemic, and let's not forgot that this is going to deal a blow to all the local restaurants and bars, dry cleaners that had really been banking on the return of office workers this fall. >> i just saw that cnn email in my box. i hadn't finished reading it. what are these companies though trying to do to

a big profitable business for viacom.to hold on to old money while pursuing the new. that's a wrap for "reliable sources" this week. we'll see you online and back on tv next week. >>> the war has changed as the delta variant rips through the unvaccinated, troubling new guidance about how easily the virus spreads. will the u.s. bring back more restrictions? >> in all probability. >> the head of the

i have owned both comcast and viacom in the past i have owned disney. it all depends on the valuations yeah, it is sort of surprising that the stock is down 3% year to date. i wish it was down even more because i would certainly entertain getting back into it because exactly what you said. you have a reopen piece, which is theme parks that did quite well in the quarter, in the most recent quarter. and the stay at home with disney plus and then hot star and going into malaysia and thailand and latin america. you're going to see the numbers at disney plus and hot star accelerate meaningfully, even if a competitive space. it's a price thing for me and i'll keep watching the space in general. >> you may watch it go even higher that's what jim said. >> i might well, i -- i have plenty of reopen names, judge. >> joining us next, professional golfer collin morikawa, an olympian, u.s. tour champ and won the top ten, which means he has a lot more money than he did a couple weeks ago don't miss the first on cnbc interview in just two minutes. millions of vulnerab

charles: i saw your list, it looks very collected, i hope that's the right word you have ibm and viacomve these momentum names like amc, you go through this really quick particular he amc we have an audience who favors those names. >> i'm looking at amc from a technical standpoint mainly and we were on last week and went from 40 - 46 like that and consolidating sense and here we are about 46 if we can get through 48 i see 60 pretty easily it just always has a lot of interest and still a mean stock and if we see any kind of optimism on back to normalcy with moviegoing and as we get into the fall season and a lot of movies will be made that could help fundamentally. as far as ibm i think it's undervalued compared to many of the a.i. tech companies and it's a supercomputer with a big interest right now for the government. i'm watching it very carefully. charles: nvidia got the contract and it has to follow elizabeth warren to know that was going to happen. mark i know you like hum a, ten seconds, why? >> the engineer human tissues mostly blood vessels, these are available and off-the-shelf

there's enthusiasm around media stocks comcast, our parent company, viacom and disney also getting a lift today the s&p looking to wrap up its seventh positive month in a row, but september is historically a rough month for the market is it time to ignore those opened seasonal trading rules? bob pisani is looking at the rules for us. >> hello, kelly. we're going into september and september is full of all sorts of trader mythology as is october. september is the worst trading month of the year, and it's true, but not that bad so just take a look. august and september are two of the three worst trading months of the year. it's down fractionally this goes back all the way to 1945 as an average but here's the good news these kinds of old seasonal trading saws haven't worked that well september has been up three of the last four years so there's a lot of these like sell in may, go away. santa claus rally, best six months of the year trade, a lot of them aren't working as well some believe this is because of the federal reserve pumping oceans of liquidity into the market that has disrupte

response between the private sector and the fed >>> and "south park" creators signing a new deal with viacom-cbs be worth $900 million. duo promising to create 14 streaming movies and it will keep "south park" on the air at least six more seasons >>> on wall street, the dow up 272. nasdaq up 115. >>> i'm shepard smith on cnbc. it is the bottom of the hour time for the top of the news faa says alcohol is one of the main reasons for bad behavior on flights. now a plea to airport bars stop serving challenge in to-go cups at the terminal >>> the race for hyper sonic travel one company's goal of getting you from new york to london in 90 minutes >>> and students return to the classroom and the white house making a push to vaccinate kids. >> urging schools to set up their own sites and calling on pediatricians to discuss vaccinations during sports physicals. the education secretary miguel c cardona with the plan to keep kids back in the classroom and told republican governors of texas and florida not to get in the way. >> don't be want reason schools are interrupted. our kids suffered enough >> governo

alix: for more on the viacomcbs results, bob bakish, viacom president and ceo, joins us. to have you here. we want to get right onto the streaming numbers. two ways to look at it. one, everyone was at the movies. they don't sign up for streaming services. two, people continue with streaming services because the delta variant is keeping everyone at home. which one are going to see? bob: we are really happy with our quarter. streaming story is truman to sleep strong, both on the pay side, where we added the most subscribers, 6.5 million, bringing us to 42 million globally, as well as on the free side, where our ad revenue more than doubled. so streaming is definitely important. it is definitely an area of momentum at viacomcbs, but that is part of broader momentum in the company. we had a great quarter on the ad side, a great quarter on the affiliate side. a whole series of deals. so there's a lot going on. in streaming, we continue to be very excited about the opportunity in this space. as you know, we are investing in paramount+, a service that we essentially relaunched o

. >> it's interesting, bakish at viacom centered in hon the 45-day window.he says tonight chapek will be on with jim wrb "mad money." let's get to t"the half. >>> thank, carl. welcome to the "halftime report"" front and center this hour, the state of play for stocks as the s&p nears the remarkable milestone. doubling from pandemic lows of last year, not far away. we debate the stocks doing best and worse over the period period of time. jenny harrington, josh brown, steve weiss and jon najarian, the co-founder of market rebellion.com. good to see everybody today. let's check the markets. stocks are mixed the dow lower by let's call it 100 or so, thereabouts, s&p a from a fractional winner nasdaq higher than expected. inflation read higher than

. >>> and viacom cbs look to go unload another one of its highway profile companies. a sale at the 40 acre center in studio center, california news after the sale of the iconic headquarters. futures they are higher and we are back right after this. sales are down from last quarter but we are hoping things will pick up by q3. yeah...uh... doug? sorry about that. umm... what...its...um... you alright? [sigh] [ding] never settle with power e*trade. it has powerful, easy-to-use tools to help you find opportunities, 24/7 support when you need answers plus some of the lowest options and futures contract prices around. don't get mad. get e*trade and start trading today. >>> all right. welcome orwell come back we have a pretty pricey rock, crypto getting into the name game and some fall fans seeing the return of maybe their most beloved drink. the always beloved contessa brewer is back with a look at this morning's top trending stories. contessa, what's trending? >> are you ready for this, brian? nfts are seen a variety of offerings, you know, you have art, you have sports pe

you tweet about that this morning, john and the theatrical window, disney is coming in line with viacom'sarly view that 45 days is magic along with the overall pricing picture of what consumers are going to want to pay when it comes to streaming shea peck dreaddressed that. >> ignore the consumer at your own peril because we understand that the world is changing and we want to continue to evolve and be on the front end of that wave. >> of course, john, every additional suborbital gives them a little bit more incremental data where that pricing picture needs to go. >> important for so many companies, including airbnb. we mentioned before that it was down about 2%. it's come up a little bit. revenue coming in at $1.3 billion, up nearly 4x you heard that right, year over year that's a big rebound after the travel industries collapsed in the pandemic airbnb's experience business up triple digits, nearly 3x year over year with 83 million nights and experiences booked all in all, losses narrowed to $68 million for the quarter. so why is the stock down >> delta variant a big part of that the raw

the home improvement retailer beating earnings and revenue estimates and raising guidance >> viacom cbs is higher. wells fargo upgraded them from overweight and finally, morgan stanley reiterating its overweight rating on roblox they continue to retain users. for more on the top calls of the day, go to cnbc.com/pro. >> ahead, climate consequences as the severity of national disasters gets worse fema is overhauling its flood insurance pricing. >> plus, our next guest sees volatility ahead and has three stocks to buy on any dips we see. we'll be right back. that building you're trying to sell, - you should ten-x it. - ten-x it? ten-x is the world's largest online commercial real estate exchange. if i could, i'd ten-x everything. like a coffee run... don't just sell it. ten-x it. municipal bonds don't usually get the media coverage the stock market does. in fact, most people don't find them all that exciting. but, if you're looking for the potential for consistent income that's federally tax-free, now is an excellent time to consider municipal bonds from hennion & walsh. if you have at lea

. >>> cbs and viacom to launch new streaming service in europe, comcast owned sky and universal and viacomcbson and paramount pictures it will have 10,000 hours of content. >>> and there's a new girl scout cookie in town looks delicious. this new treat is called adventurefuls, brownie-inspired cookies with caramel, or carmel if you prefer, and sea salt. unfortunately you'll have to wait until girl scout cookie season begins in january to indulge. >>> on wall street today, the dow dropping 383 points, s&p down 48 and the nasdaq down 130, in a sea of red. >>> i'm kelly evans in for shepard smith tonight. it's half past the hour. here is what's making the news >>> california fires raging out of control how to stop them before they start. when scientists and politicians are on separate sides of the issue. >>> students in broward county, florida, head back to class with masks on and it's not the only district working out ways to get around state law. >>> the taliban taking its message to social media. tech companies pushing back. but in some cases it's spreading faster than can be contained >>> a

a big profitable business for viacom. the washington post said it best earlier this year, all these media companies doing the same thing, trying to hold on to old money while pursuing the new. that's a wrap for "reliable sources" this week. we'll see you online and back on tv next week. >>> the war has changed as the delta variant rips through the unvaccinated, troubling new guidance about how easily the virus spreads. will the u.s. bring back more restrictions? >> in all probability. >> the head of the national institutes of health dr. fan sis collins and ohio gov more mike dewine join us next. and big f'ing deal. the senate is working through the weekend. hoping to pass president biden's bipartisan infrastructure bill. >> this is an important deal. i know all the parties want to get this right. >> after that the hard part starts. key negotiators republican susan collins and democratic joe manchin will be here. plus, in the balance. millions of americans bracing for eviction after a pandemic era ban expires. how did demo

report so looking in my portfolio, i have got nontech names like general motors, marathon petroleum, viacom cbs, all of which if you look at the business fundamentals, they've been going gangbusters they show no signs of letting up what i'm seeing here and the reason all my chips are on the table is the rally is rebroadening we saw that in the first few months of the year up until may and then large cap tech took back over. but you're ready to see the rest of the market come back in yes, this is more of that value versus growth rotation but i think you've got to play it yes, we should be worried about the delta variant but it doesn't seem to be impacting economic growth we've got infrastructure that is set to come. we've still got a very accommodating fed with no sign of getting hawkish any time soon as far as i see. so i just don't see how you cannot be bullish here i know there are the bears out there but i just think they're getting it flat out wrong. it's about profits we're 90% higher than a year ago in terms of profits. this is gang busters am i oversteaming it because i feel like i'm

. >> it's interesting, bakish at viacom centered in hon the 45-day window. we'll see what he says tonight chapek will be on with jim wrb "mad money." let's get to t"the half. >>> thank, carl. welcome to the "halftime report"" front and center this hour, the state of play for stocks as the s&p nears the remarkable milestone. doubling from pandemic lows of last year, not far away. we debate the stocks doing best and worse over the period period of time. jenny harrington, josh brown, steve weiss and jon najarian, the co-founder of market rebellion.com. good to see everybody today. let's check the markets. stocks are mixed the dow lower by let's call it 100 or so, thereabouts, s&p a from a fractional winner nasdaq higher than expected. inflation read higher than expected not far away 25 points on the s&p, 44.74 and change is the number you need to watch today what what li what are you watching today what's most important to you do you think? >> i'd say -- i keep thinking about the rotation that we've seen the last year, and what -- what i keep maybe not what i'm

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of time warner and it will be interesting warner media and then viacom cbs why did they do in this eraly if you are trying to win the streaming wars. i think you have streaming roku because you don't use tv to stream. roku i think is the top majority winner right now of the majority market share and the stock has almost tripled over the past year. stuart: we have more on roku coming up on the show. next case, florida, the newest epicenter for the virus. right now the state accounts for about one fifth of all new cases in the country and we will have a report from florida in a moment. we sadly have another example of the rules for the but not for me, this time the mayor of washington d.c. she was spotted without a mask at two different events. ♪♪ as i observe investors balance risk and reward, i see one element securing portfolios, time after time. gold. your strategic advantage. that building you're trying to buy, - you should ten-x it. - ten-x it? ten-x is the world's largest online commercial real estate exchange. you see it. you want it. you ten-x it. it's that fast. if i could, i'd

million deal will extend the program through a 30th season, bring 14 original south park films to viacomnt plus. and virgin gal acparticular is -- galactic is reopening ticket sales, at an out-of-this world price of $450,000 for a seat going to space. it's scheduled to take off in late september and will carry members of the italian air force. the spacecraft's first flight took place last month. virgin galactic is up by 4% as you can see. china's crackdown is widening, the language learner app no longer available for download on some app stores in china. it's off. this comes after beijing issued rules barring curriculum based tutoring for profit and foreign investment in the sector, one of the crackdowns, one of the industries beijing tightened regulations on. china's number one e-commerce company, alibaba, is also warning of higher tax as the government is no longer treating they that company as a, quote, key software enterprise. the ccp's anti-trust regulator is planning to hit a fine food delivery giant. the wall street journal is reporting the $1 billion fine is for what beijing call

. >> viacom, cbs and are you want.al streaming revenues from 92% as the company added better than expected 6.5 million streaming advertiser, and ad revenue more than doubled. the company also announcing a deal with "southpark." the company did not reveal fox nation subscieribers, and guggenheim upgraded fox shares to buy that bullish news on ads and streaming seemed to lift disney shares over 2% today, ahead of its earnings, which are due on thursday subscribers will be in focus guys, back over to you >> julia, thank you. >>> beyond meat with another very busy hours. kate rogers has a preview of that name. kate >> hey, sara, analysts are expecting a loss per share of 24 cents. the company two big forms of business will be in focus this quarter, retail expected to come in at food service at 38.2 million for the quarter. retail business made up about three quarters of the revenue in q1 restaurants and that form of business did see a slowdown. the ceo said last quarter it was seeing a slow thaw, as vaccines rolled out and

they're going to have 50% of the people they had pre-pandemic unlike viacom, which is trading today, way above its intrinsic value. >> now down 6%, mike, a possibility of gaming, other ways of using its brick-and-mortar footprints, aaron seems to demure on whether he's had those conversations in fact, i think he said he had no conversations. >> adam aaron is putting up a sail, and we're going to catch that breeze, whether it be bitcoin or some gaming, other events they're going to feature in the theaters, but look, 10,000 screens, if you don't have the movie companies have a heavy release slate, and a lot of people filling your theaters, it's a tough way to get around it. >> the senate that is approved the infrastructure bill with a final vote of 69-30. a number of names are rising on the news president biden just spoke about the deal ylan mui was listening in. ylan, what was the key gist of his messaging? anything particularly new? was he celebrated? or not yet >> i think he was celebrating. this was a milestone many in washington did not think he would every reach. it was not a squ

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the success is undeniable they've had so far >> in terms of the the atrical window, we heard viacom talk consider that in one high-profile case this year. is that turning out to be the magic number >> sounds like 45 days is where the industry is going to i think other thing you're going to see is a lot of smaller films may go straight to the streaming division and not have to spend the releasing and marketing costs on it. they clearly need a big demand at the box office. i think 45 days is going to be where it shakes out. i will say it's a bit of a negative for the theatrical business this is one business where there has been a structural change due to covid and that's the tightening of the exclusive theatrical window. >> just to drill a little bit inat the per subvaluation for the streaming business, you mention $750 comparable to what netflix is doing disney plus average revenue is maybe half globally right now. $750 is 12 years worth of the subrevenue per user on a global basis. does that sound right? >> and disney has 76% of the subs the difference is disney anchored this market with

the soros fund management sold off all of those stocks, notably viacom, cbs, discovery, tencent, andaidu. it looks like the entire position sold off. they picked up a large chunk of those stocks in the first quarter. soros also added amazon. finally, it looks like the love affair with tech may be over in that a lot of these terms -- firms seem to be selling tech holdings. haidi: it does look like investments -- does it look like investments tied to the pandemic are still favored? su: we saw stocks like doordash picked up or added by hedge funds. chase coleman, tiger global, doubled its position in doordash. another one doubled their position, also added to its position in pellet gun, zoom also -- in peolton, zoom also, and moderna was a big add for many funds. another big hedge fund added a new position worth more than $900 million. health care stocks were a big theme. medicaid insurers, another health care buy we saw in some filings. haidi: i am watching michael burry betting against kathy woods. we are seeing in these filings that psion asset management has bearish contracts agains

we'll watch that, and on a much lighter note, i know they talked some viacom nickelodeon on sidewalkmorning. we're going to watch "paw patrol" this weekend a lot being written about whether or not nickelodeon and paramount plus can start to steal some mine share among disney and disney plus. >> my house is probably going to be both. it gets to the point of how many is enough and what are we willing to pay for which is conversation we've been having for years we'll have to see how some of these brands begin to perform and how kids begin to -- you know, whether kids start to dictate the pursestrings. >> don't forget the upgrade from wells earlier in the week talking about how the paramount plus numbers have surprised even them despite the weak premarket, dow is up 50 >> good morning, carl, morgan, happy friday everybody all the major indices are up it's 3 to 2 declining to advancing stocks keep an eye on that advance decline line it has not looked particularly strong a lot of technicians, that's among the most important thing they watch just a point there, not bad open, though, consume

viacom, electronic arts. wall green, discovery and amerisourcebergen. amazon warehouse when my brother passed away. and a couple of years later, my mother passed away. after taking care of them, i knew that i really wanted to become a nurse. amazon helped me with training and tuition. today, i'm a medical assistant and i'm studying to become a registered nurse. in filipino: you'll always be in my heart. (upbeat music) - [announcer] introducing the grubhub guarantee, our promise to deliver your order on time within the delivery window and for the lowest price compared to other apps, or you'll get back at least $5 in perks. in business, it's never just another day. it's the big sale, or the big presentation. the day where everything goes right. or the one where nothing does. with comcast business you get the network that can deliver gig speeds to the most businesses and advanced cybersecurity to protect every device on it— all backed by a dedicated team, 24/7. every day in business is a big day. we'll keep you ready for what's next. comcast business power

it is published by simon & schuster, which is a division of viacom cbs. ♪ i work hard, i work hard everya world of stress ♪ >> in his new memoir he writes he was like an orphan with parents. his mother struggled with mental illness and alcoholism, and his absent father also battled addiction. he says this in the audio book. >> the thing that gets me is that it didn't have to be as bad as it was. i mean, part of the reason that we were as poor as we were is because my mother's illness came with a deep streak of stubbornness and pride. she used to say i'm so proud i won't ask anybody to ask the salt. so she wouldn't ask for help, even when she needed it. >> reporter: rap was an escape from his reality. ♪ i feel like a king ♪ >> the underground artist began releasing his music online and with the help of social media, he built a huge fan base, which he calls the rat pack. but as his music became more mainstream, some fans turned on him. after performing on the mtv video music awards in 2017, he writes, it was a tsunami of hate, and i couldn't turn it off. social media helped make logic and

coming up, news out about a new streaming service venture from viacom cbs and our parent company.r variant's impact stay tuned to more from cnbc that i should get used to people staring. so i did. it's okay, you can stare. when you're a two-time gold medalist, it comes with the territory. comcast nbcuniversal is investing in entrepreneurs to bring what's next for sports technology to athletes, teams, and fans. that's why we created the sportstech accelerator, to invest in and develop the next generation of technology that will change the way we experience sports. we've already invested in entrepreneurs like ane swim, who develops products that provide hair protection so that everyone can enjoy the freedom of swimming. like the athletes competing in tokyo, these entrepreneurs have a fierce work ethic and drive to achieve - to change the game and inspire the team of tomorrow. >>> announcing a new streaming service in certain european markets called sky show time launching in 20 territories that encompass about 90 million homes launch expected for 2022 bringing together movies and te

as you hear the wall street enthusiasm for the streamers and these new ventures like the comcast/viacomes need to make money and that ultimately determines the value of that particular company and i think that streaming has yet to play out in a monetization way i think there are nontraditional measures like eyeballs and subscribers and things like that and i think netflix invented a terrific model with tech multiples on it. and i think a lot of other studios, a lot of the studios are saying, we can get that multiple, too, by just putting on streaming but i think the difference is that netflix didn't have proprietary ip so they did these episodic -- >> i'm so sorry to interrupt you. we have to cut you off we're going to listen to president biden who will be speaking on covid booster shots. let's go there to washington >> -- protected from the covid virus. i just got a monthly briefing from my covid team here's the latest data that confirms we're still in a pandemic of the unvaccinated while we're starting to see initial signs that cases may be declining in a few places, cases are still r