getting to viacom cbs they did some management shakeup as you know involving paramount.king sources, again this is much more speculative than the other one which is clearly, i'm hearing it from media sources who know people, you know, it is amc, it's not rocket science that they could be sold, but this is kind of interesting. a lot of people talking about as they take paramount, plus, and put it into a separate part of the viacom cbs empire that they think that could be spun out easily to apple, and the reason why is because apple is having a hard time growing its own streaming service, we're hearing that lightly. there's a lot of talk about that now, i don't know if i agree with it. i don't quite understand all the reason why you would think that viacom cbs is not a huge company, maybe they can make that part of, you know, sort of transition that into a different part of the overall entity, but that is bouncing around in banking circles we should point out that viacom cbs had no comment on this , liz. again that is very speculative. the stuff on amc is more real. it is

he may not be able to do a deal with viacom. it might be too big, plus it's messy. -- viacom has cbs. comcast has nbc. they will have to get rid of those two. it would be a messy deal. he could buy it because it doesn't overlap with anything. the negative on the deal, liz, is simply this, that's why there's always a fly in the ointment. apparently all those great shows that you talk about, madmen, you know, breaking bad, you know, saul -- what's the one with saul? i haven't watched it. >> liz: better call saul. >> that's it, that one. they are all i leased out and licensed out. it is not really exclusive content. you get the lineal channels, but youon get a lot -- but you don't get a lot of exclusive content. that's a negative on price. that's where we are right now. it's the one piece of media that everybody i know is buzzing about that is going to be shopped. >> liz: we don't have time to go on, but i don't see amazon on your list, which is interesting. >> yeah, i mean, i just think, you know, listen, it is not on my list. it doesn't mean that it won't happen. it

viacom cbs, milley was so worried trump might spark a war with china, he placed a secret call to hisse counter- part, assuring him the u.s. had no intention of striking. "if we're going to attack, i'm going to call you ahead of time," the authors quote milley as saying. he made a second call to china after the storming of the capitol saying, "we are 100% steady. everything's fine." after the capitol riot, house speaker nancy pelosi called milley, asking what safeguards were in place to prevent trump from starting a nuclear war. a transcript of the phone call, obtained by woodward and costa, quotes her as saying, "he's crazy." according to the transcript, milley replied, "i agree with you on everything." the book, titled "peril" says milley told nuclear control officers they had to check with him first, no matter what orders they received from the president. the book also quotes trump as telling his always-loyal vice president myopia that if he didn't refuse to certify the election results "i don't want to be your friend anymore." trump later told pence, "you've betrayed us. i made yo

you do like viacom and cbs >> yes, i like them a lot because you can pay 50 times earning. at viacom, cbs, you can pay ten times earnings for a company that did almost a billion dollars in streaming last quarter roku grew their revenues just over 80% you look at netflix it was about 20%. so, you know, they're growing much faster. people hate the space, which is great, because it gives you an opportunity to buy something with a dividend, with a low pe, whose business is doing fantastically well i think when companies report this quarter disney has already told you their subs are light, discovery has told you the subs are light. netflix missed the last two quarters we will see what happens this quarter. they seemed to sound good. i think you will see fantastic numbers out of viacom at 10pe which is half the market value >> let me end by putting it in context, dan we heard a lot of specific names you do like, but caution about the tech sector broadly speaking and some of big tech, and maybe some caution about the stock market overall as well with your analogies to the 1970s an

but i think there is room for more than just a few players in that but the premise of really the viacom merger at the time to put this content together and paramount plus, launched cbs all access in 2014 so, that's quite some time ago so, what we learn there is we started with serving the super fan and then have to keep increasing the content load because the appetite for that content continued to grow. so we knew we had to add more and more content to that offering and, again, then expanding globally i think is certainly, you know, ambitions that certainly we have at our spac we look for companies that are, you know, high-quality companies, the ability to scale and, again, we like the direct consumer relationship because of the data you receive so, i think much more effective in how you program and how you market to those customers. so, again, i come back to technology is really enabling all of these business models, these options for growth so, i think it's a capital allocation in how some of these large media companies prioritize capital. >> well, we hope you'll come back and tell us

. >> you could actually write a via come movie or series about the warfare and drama around viacom >>ey have a good streaming strategy which is going to take hold we think that the ceo is doing a really good job in running the business and selling at about nine times earnings. this is a good franchise, al about eyeballs they have great product and at nine times earnings think you're going to do well this year. we had it earlier, sold it, bought it back we think it has 50% as an independent company, think it's going to do better but we think there's a chance they'll get acquired both ways you win. >> you've been coming on cnbc ever and i'm sure i ever heard you say 50% upside so viacom is a name we're watching along with qualcomm thanks for being part of the series. >> have a great day, thanks. >>> next week we're doing that go big or go home. we are finding the opportunity for you. >>> up next was monday's selloff really because of china and evergrande or maybe something else under the hood of the markets? chris rp imuhys here to help make you smarter we're back after this. with free

we're long viacom and so the way i would think about it is this right? week they're missing the subscriber numbers. viacom we believe is beating their numbers and streaming numbers up 90% year over year for almost 20% of the business and buy it at a 10 pe. paying 50 times for disney and netflix so we're about risk to reward we can be short with names with issues richly priced and then add to the viacom position this pa week quite a bit and with discrepancy and room for things to kind of coa les. >> what did you make of the china clamp down on crypto today? is a 6% decline or wherever bitcoin ended up today quite a small mover in light of the clamp down >> yeah, no. you are right. it is a small move in the scheme of things. for us what's interesting is the chart pattern where extra unemployment benefits ended september. when you look at amc or gamestop they peaked. my view is it's an asset class just like art or nonfungible tokens but it is not a currency. so that gets influenced by liquidity because it is not a stable storer of value and continue into wa

nfl network, a role he will continue along with a spot at cbs sports nfl today and appearances on viacom cbs nickelodeon. sound like a lot? he's also a father of three. >> this is everything coming full circle. where my kids can look at me and say, you said you were going to come to new york and make your mark in here you are. >> reporter: he says he's ready for the challenge and the opportunity. to brighten mornings for millions of viewers. bradley blackburn, cbs news, new york. >> burlison joins fellow cohost on the anchor desk next tuesday. >>> we will meet a bay area student who is using his camera lens to put health in focus. >>> a bay area postal worker calling it quits and retiring, after 42 years on the job. today was martha mangels last center post office. schieffer started overseeing the letter sorting machine, then moved on to being an office clerk and timekeeper. for the last few years, martha has been a procurement clerk, which she says was the most fun. >> i enjoyed procurement. it's like shopping, with not your own funds. [ laughter ] >> what an attitude and a great laugh,

that's 1-800-376-4376 >>> viacom, paramount studio dae lying a ter of tom cruise films amid concernss been moved to 2022. that was the date that "mission: impossible 7" was set to debut that film now released next year september 30th have to wait more than a year for my next "mission: impossible." tom cruise does incredible stunts. >> we have waited 35 years for the next "top gun." >> that comes out in eight months what if they delay it again? >> something i asked bob about, the cre of viacom, when he joined us back on august 5th after the company's earnings in terms of the changing release dates and the way, frankly, all of the distribution of movies is changing here's what he had to say. >> we are all living in this covid world and so we are looking title by title on what we should do considering really all of the constituents involved so you will see us continue to have a variety of release strategies in this covid time, but in general we do like the 45-day fast follow model >> 45 days you get it first and then it's on paramount plus or another direct to consumer platform viacom s

. >> reporter: the book, published by simon & schuster, a division of viacom/cbs, said milley also warned senior military officials in january not to take orders from anyone unless he was involved. the white house press secretary argued today it's important to consider the timing. >> the former president was fomenting an insurrection, and there was broad concern from a range of members of his national security team about his behavior and fitness for office. >> reporter: some of that concern, the authors write, came from c.i.a. director gina haspel, who they say feared president trump might try to strike iran in his final few days in office. norah. >> o'donnell: nancy cordes, thank you. and we want to turn now to afghanistan and how the taliban's takeover will impact women and girls. malala yousafzai survived an assassination attempt by the taliban in pakistan for speaking out about education for women. well, earlier, we spoke with the youngest nobel peace prize laureate. what do you think will happen to the gains made by women and girls in the past 20 years? >> there were zero girls in sc

i want to get to the news that matt had in his report about what's happening at viacom/cbs and with ane tportends. >> first of all, andrew, you're making me blush. thank you. matt is doing an amazing job no different on sunday the shakeup at paramount, brian rob robins in. all signs point towards this being a fundamental change at paramount, which is the historic studio of robert evans and sherry lansing and is under the hand of sherry redstone, lurching toward the streaming wars, probably a few years behind its biggest competitors obviously cbs and viacom is an arranged marriage of some sorts and the combined entity is smaller than it was when they were individual entities it's pretty clear that it is on a direct path vectoring towards how they can build up paramount plus, their streaming competitor to netflix, hbo max, apple plus. >> it seems like matt has made, and i think it's the right argument to make, which is they need to build this quickly what they really need to do is think about selling and they need to -- there's a difference in terms of the math of playing for the long te

in combination with the viacom they have poverty, terror and suspicion but above all they have brought uncertainty. one year into the war. next slide please. as i said, she wrote the book back in 1974 one the pulitzer prize, the national book award, and the bangkok history award. no book about the war, vietnam war has repeated that accomplishment. and as i said, she took the, she filled a void. she showed americans what the war look like for the vietnamese point of view. something for which she was rewarded. here's an example. the map of the vietnamese people cemented the push, no more and no less then presenting the americans how to serve the commoners who came before them. it was the men who focused that resentment. the fact that many vietnamese in the city and one of the american contingencies had wanted them to intervene tonot only for practical reasons but for theecological ones . they wanted the americans to be these all-powerful barbarians that they could take responsibility for the war at the same time they feared american domination buy one of those range reversals , that the

if you look at how a viacom trades, it's not trading like there's a lot of growth there, even thoughevenue numbers. so i'm sort of thinking we're closer to the tail end of that dramatic shift of advertising dollars and the explosive growth we've seen in google, which is great. i just don't know if it's going to continue. >> if you follow that logic, guy, then the fight begins amongst these platforms for those dollars, which all of a sudden sudden become limited. >> yeah, and as much as i like to be sour on facebook, you know, i think they've proven themselves they can withstand the hits that come in droves over the last couple of years. again, i've said it a hundred times there's nothing i like about it other than the stock. you can make a compelling argument that even at the current price, facebook is a very cheap name in this environment. >>> and chip shortages hit production so what is the impact on the auto stocks? plus, baba is back shares jumping in today's session. nas this train wreck of a trade filly turned a corner? we'll break it all down when "fast money" returns >>> welc

time i mean i just -- you fault me for this but the valuation of netflix versus a disney, versus a viacomwing the brick bats but that's where i am. >> the valuation is something that they're growing into. they're cleaning up the balance sheet. it's looking a heck of a lot better, jimmy. look at that balance sheet you'll like it. >> i'm listening you're making a compelling case. >> do you know the title of joe's book, jim? >> don't buy 'em cheap. >> do you seriously know the title? >> no, i don't by buy high, sell higher. that fits you all right, ike we'll do final trades next t-mobile is the leader in 5g. we also believe in putting people first by treating them right. so we upped the benefits without upping the price. with magenta max, get our best plan for 5g. with unlimited premium data that can't slow down based on how much smartphone data you use. and taxes and fees are included! you won't get that from anyone else. right now, pay zero costs to switch! and bring your phone -- we'll pay it off up to $800 bucks. only at t-mobile. zero-commission trades for online u.s. stocks and etfs. a

by the way, speaking of media, viacom's paramount just announced the new top gun movie will be delayedause of covid concerns it was slated for a july 2019 release, it is looking at a two-year delay. >> that's a negative, ghost rider. the pattern is full. >>> nfts exploded in popularity earlier this year and seemingly tapered off. the fervor is back robert frank is reporting on how this bizarre half art, half crypto corner of the investment world is roaring back. >> good morning, jon the largest nft trading platform saw sales volume of $3.5 billion in august. a record and more than ten times the july sales they did more volume in one month than etsy did in the entire second quarter. you got axion and infinity, they did over $800 million in sales in august. larva labs around $700 million so nft sales in august topping more than $5 billion the average price of an nft is now $12,000. that's also way up and nft sold for at least $1 million every day in august, but this nft 2.0, which follows that first boom in march, it is being driven in large part by a whole new cast of cartoon characters

that's one of the reasons i don't own it i owned viacom i don't own any of the streaming names. i would take a look at disney if we saw a pullback. it hasn't acted really well as of late, but if we see a 10% pullback, that's the one i would go with. >> all right coming up, boeing lower as its la largest customer ends talk to build jets the trade is next here on halftime >> much needed shot in the arm for the industry top beneficiaries could be companies like brink charging, go, and chargepoint, which are underperforming the s&p 500's 21% gain so far this yr.ea that's your esg fast fact of the day. what if you could have the perspective to see more? at morgan stanley, a global collective of thought leaders offers investors a broader view. ♪♪ we see companies protecting the bottom line by putting people first. we see a bright future, still hungry for the ingenuity of those ready for the next challenge. today, we are translating decades of experience into strategies for the road ahead. we are morgan stanley. in 2016, i was working at the amazon warehouse when my brother passed away

viacom, cbs launching a new bu bundle, and brian roberts promising more partners for peacock. >>> thehipping giant fedex lowering its -- >>> evergrande says they'll make the payment on thursday. jim, is this the day to bay some materials? >> i think president xi, who is not president for life yet, basically overreached here he's decided to pay off domestic that's going to end the contagion. overseas, there isn't that much exposure to american companies what they're doing is making good the people who -- the individuals who are owed money when i say making good, it's a communist regime they can basically say, we're going to make it so these people didn't lose money. that will be very bullish. that will be so people say, we get it, xi will bail out individuals. so this 29% of the economy could be game one again. what i warn is there's 80 million vacant apartments. more vaccinationances than in new york state economy. >> 80 million? >> they have a lot of apartments. >> they have a lot of people, too. >> true. but there's certain people -- i love ignatius. his novels are good, but he's ta

. >> i do notice there is weakness as well in fox and viacom, discovery.ed to this add all. obviously, it relies on people having a broad band connection but weakness, overall, led by comcast. >> take a look at the road map for the rest of the hour on "squawk on the street. apple is set to unveil the newest iphone models today >>> and michael jordan backing on the nasdaq. >>> and we'll tell you wha tasha, did you know geico could save you hundreds on car insurance and a whole lot more? hmm. so what are you waiting for? hip hop group tag team to help you plan dessert? ♪ french vanilla! rocky road! ♪ ♪ chocolate, peanut butter, cookie dough! ♪ ♪ scoop! there it is! ♪ ♪ scoop! there it is! ♪ ♪ scoop! there it is! ♪ ♪ scoop! there it is! scoop! ♪ ♪ shaka-laka! shaka-laka! ♪ ♪ shaka-laka! shaka! scoop!. ♪ ♪ choco-laka! choco-laka!...♪ geico. switch today and see all the ways you could save. ♪ sprinkles! ♪ . >>> our john ford sitting down exclusively with jassy since becoming ceo >> jassy's first substantial interview of any kind since becoming ceo in july he sh

we learned of this family office few of us had heard of that owned perhaps as much as 25, 30% of viacom shares and discovery shares through total returns why haven't you done something to make that less opaque >> so total return swaps are something that is a broader group called securities based swa swaps, that also includes credit swaps. credit swaps are part of the '08 crisis and then total return swaps were at the heart of not only these events but long-term capital management 24 years ago. we have done things at the s.e.c., and we're going to do more we have going live this november a twwhole regime that oversees e securities based swaps and makes more transparent not only to the regulators but starting next february to the public the transactions in the security swaps. in addition, i've asked staff for recommendations on how we can put out with the thought of archegos in mind, how we can put out aggregate information about the aggregate positions in securities i think they're doing a lot, it's going alive in november and next february. we're going to be doing more with regard to ag

right here on cbs and on the viacom cbs streaming service, paramount plus platform.'s not a matter of luxury, it's that these jobs arant paying enough to eat and pay rent. >> reporter: jobless >>> ahead the return of one >>> >>> ahead, the return of one republic. the frontman talks about their first album in five years and how success forced him to lie low, at the peek of their popularity. you're watching "cbs this morning." ♪ their popularity. you're watching "cbs this morning". purina dog chow. keep life simple. oh my, with chase freedom unlimited, i earn all this cash back? oh, i gotta tell everyone. hey rita, you can earn 3% on dining, including takeout! y you earn 5% on travel purchased through chase! way ahead of you. hey neal, you can earn 3% at drug stores!!! buddy, i'm right here. why are you yelling? because that's what i do! you're always earning with 5% cash back on travel purchased through chase, 3% at drugstores, 3% on dining including takeout, and 1.5% on everything else you buy. chase. make more of what's yours. darrell's family uses gain flings now s

first bonds, now top gun >> bond was delayed to this fall, but it's still stuck in the fall viacom isthat then takes the spot of "mission: impossible" 7, which is pushing to next september 22nd the studio making these moves after evaluating the rising delta variant and covid cases. the hope is to wait until a more normalized and movie going environment next year. of course, the film has already been delayed multiple times. the question is whether other big movies will move from this fall until next year i have heard from sources that the james bond movie, they are really aiming to stick with the october 8th release and that's just around the corner >> after a long delay, wilfred will be very happy if that comes out. thank you. i feel like, mike, you're kind of a top gun guy >> it's age appropriate. you're asking me if when i was like 16 years old and saw it the first time and saw it more than once in the theatre? it's possible. >> quick final thought on the market nasdaq closing at a record dow and s&p didn't do much but the cyclicals did pull back. >> yes that's been a theme. it's so