all right, bob, last quarter, where it's just viacom next we see it will be viacom cbs. oes the combination look like because that's now more important than what viacom will look like. >> look, we just reported our last quarter as an independent company, our fourth fiscal quarter. really pleased with it we returned our domestic ad business to growth we returned our domestic philly business to growth profitability for paramount, all things we promised at the beginning of the year. so we're thrilled about that but it is the road ahead that's so exciting. as you point out, we're going merging with cbs so viacom cbs, the transaction will close early december, and then we'll be off to the races >> okay. you're an oddity here. your company is the second lowest p/e, price to earnings ratio in the s&p 500 only macy's is less. i look at all the things you have done in the turnaround. what is wall street or main street viewers missing >> i think there is uncertainty about the transaction again. now we're going to close in early december there are some speculation about how we're go

like the viacom cbs. next year the only challenge i see is the lower interest rate that has an impact on the liabilities of pension plans and how much cash they have to put in things are okay. >> how do you feel about where the trade talks are, where the fed is >> nothing nothing changes. it's fine. the fed is fine. we like the global competitiveness, that china is bringing in texy in house and trying to develop their own skill set and have competitive innovation >> this talk of value over growth -- >> i don't care. >> are you trying to play coy with me today? get me out of the closet trying to out me i'm looking at growth at a good way to look at things. we had a conference, scott, on friday, dealing with the subject of health care, why does the united states have 18% of gdp in health care? how much of that is due to pills, how much due to hospitals? we have to get the patients out of the hospitals at home, get medicine and technology. so one of the stocks we liked is the stock that's $80 they have $83 m

the new name of the company will be viacom cbs. and the ticker name will be viacom. at cbs is the parent company of this station. >> and thanksgiving giving food. >> here comes chef diana. >> here is what the survey found. 26% do not wash their hands after handling certainly foods. someidt know that poultry shut be stored at the bottom fridge. >> don't wash the turkey in the sink anymore because of that cross contamination. i told my husband, no more because he is the one who tooks on thanksgiving. >> and meat in the bottom of the fridge. i feel like more people should know that by now. >> i know they should. thanks for telling us two days before thanksgiving. that should help. >> right? >> have a great day. >>> here is a close call for a galaxy far, far away. the script to the upcoming star wars movie "rise of sky walker" was seen on ebay. a cast member misplaced that script but a work are found the script and pulled it before it was sold tibefore a much more appealing alternative. >> i love it. >> all right. well, we are tracking a strong cold front to push across t

the question for viacom, cbs is one of scale and if they're large enough to compete in the world we havesing with the launch of disney plus, all the money being spent by so many competitor on the direct to consumer platforms they're taking this hybrid approach, they'll be producing a great deal for those platforms, bakish talked about it, we can produce for our own and also for others which paramount does >> that'sy thoug that's why i ts such a great buy >> you get back to this idea of scale and whether or not all of them need to get together. >> yeah. >> cbs, viacom, discovery, lions gate, stars, amc, get them all together. >> pretty good there. >> thank you >> got them all. >> there is plan ty of nenty of food dean foods, a story long in the making. >> what is a shame is that when dean foods split up from white wave, you had this incredible almond milk franchise, all the different soy milk, and they spun that off and sold it for big money and that left them with this horrible milk business where they're just -- they were at the mercy not unlike tyson foods, chicken prices these are har

it is all about the cbs-viacom merger.uryour december lows long-term support zone, 35 to 3850 dates back to 2015. alix: bill maloney, thank you so much, getting you set up for your technical trades. coming up on "the open" with jonathan ferro, lisa shalett. it is steady as she goes as we wait for president trump to begin speaking at 12:00 p.m. dollars and yields go nowhere. the question is what he says about cars and tariffs. noon. that and more, at ♪ ,onathan: from new york city for our audience worldwide, in jonathan ferro. now.open" starts ♪ coming up, equities trading wars, investors looking for clarity on trade policy. president trump taking center stage, delivering an address at the economic club of new york as the united states is expected to delay a call on european autos tariffs. good morning. equities going absolutely nowhere on the s&p 500, dead flat. stronger dollar broadly in g10. treasuries reopened following veterans day, yield on the 10 year 1.93. donald trump taking center stage. mentioned anything about p

. >> what about these companies -- i mean, does discovery have enough scale does cbs viacom have enoughsee one more round of consolidation among content providers? >> well, i mean, if you go back a couple years, you know, discovery is the one i'm most familiar with. >> of course. >> 32 years, i think, now. but we saw in scripts, for instance, a consolidation opportunity that would give us scale, increase optionality, brands that we understood, talent in the organization, opportunity for synergies of consolidati consolidation. didn't solve the direct consumer issue, but gave us a lot more firepower. so that's worked out really well and now discovery has got an investment grade balance sheet, deleveraged quickly. generating give or take $3 billion a year in leverage-free after-tax cash so they have a lot of juice with which to solve their issues. they own all their content worldwide in all platforms and they're pretty much the only global company right at the moment whose products are in front of audiences on a global basis. so they've got a lot of the pieces, right. they need to make the

at the moment it's flat, but media companies like viacom, disney, fox and cbs are all moving higher., of course, sold its entertainment assets to disney, but who knows? you never know if a live news and sports company can jump in there as well. morgan stanley chipper on broadcom. the bank raised the chipmaker to overweight and increased its price target to $367 a share. we're at 319 right now. morgan says that broadcom will be able to build on its semi leadership while tersefying into software. broadcom jumping 2.5%. >>> black friday is just over a week away, but can we really call it black friday? i mean, deals starting not just a night earlier, but now weeks earlier. over the next few days, some one dozen retailers will report quarterly earnings. they include urban outfitters, target, lowe's, l brands, macy's, gap, nordstrom and, of course, foot locker. kohl's e and home depot, as we mentioned, disappointed. however, one retailer so far that has reported is bucking the downward trend. tj maxx, ticker symbol tjx. hitting a record high after beating on earnings and raising full-year

terminal users, you are reading about the acting ceo of cvs, -- of cbs, in line for a hefty hall when viacomes its merger. he will collect $100 million in terms of severance and remain chief of cbs. bloomberg.com has a story on spacex, which launched 60 starling satellites. taking another step toward elon to creating a space-based internet service around the world. aim to provide services to parts of the u.s. and canada next year. tictoc on twitter has reported that the political deadlock gripping spain has only deepened. socialists won the majority of seats but the results are so fragmented that the party leader will struggle even more than before to form a government. weak minority governments have become the new norm in spain. you can follow all the stories on your terminal, bloomberg.com, and tictoc on twitter. joe: now, to a different kind of political turmoil. nigel farage boosting boris johnson's chances of winning a majority by announcing his brings it party will not fight and conservative held seats in next month's election. joining us on the phone, the head of eu and trade policy a

supported news and sports aren't there either, something john made a special point of coming to cbs viacom developing for the industry, not just these direct consumer experiences we have but a platform for the industry to develop new sources of revenue be it news or sports or increasingly esports as live media. so that there is a way to support what the rest of the entertainment world and the bundle going elsewhere to netflix and the streaming services we have created the first vehicle under one roof for the industry to be able to have those kind of services to support it so it's a b2b play. >> i haven't heard you mentioning games of firing guns at somebody. is that intentional? >> winview is about live ports on television. most of what torque does in the content space is auto racing but it's competition platform company called umg in the process of finalizing the acquisition. does have tournaments that include fortnight and call of duty epa same time nba 2000. >> i wonder if you saw liability long term on those kinds of games depending on the resolution of gun discussion in this country.

the acting ceo of cbs is getting a severance check of $100 million from viacom when they complete thee gets to keep his job with a new contract with tens of millions of dollars. effortto do with cbs's to support the merger without having a shot at the top job. whencame the active ceo the ceo was ousted. that is your business flash update. shery: tesla hitting a milestone. its firsty unveiling cars built in china. they come in blue and have the tesla name in chinese characters. they were built in tesla's new factory in shanghai and start at $50,000. joining us is our lead reporter for the u.s. auto team. how are they expected to fair in china? >> that is ahead scratcher because the whole premise for why they started production in china was to bring that price down and to be able to avoid the import taxes and duties on cars they are hit with. up to this point, they have made onlyodel three, s, and x in fremont, california. the price differential is not big. we are probably seeing a strategy on the part of tesla and they are betting on the idea that when people are aware of tesla being b

. >> given the tone of discovery and fox and cvs and via koym are -- viacom are up >> from cbs to cvsy that i bought 50,000 suits by mistake yes, exactly a also the 1.49 french's mustard when i was in louisiana, my teammates made fun of that >> here's what he told jim last night on "mad money. >> where were you surprised to hear some chatter of walgreens going private given the fact all they reason doing is doubling down on your store that i know you are always worried about >> you know, jim, certainly you can't comment on rumors we see in the marketplace but we are very excited about our strategy as you said, we talked earlier this year. you know, it was on a piece of paper, but you know that vision that strategy is coming to life in a meaningful way and what we're hearing, what we're seeing from our consumers, our clients, the payers is validating you know that that strategy is, in fact, the right one. >> well, look, i think that he's kind of candidly saying, i don't know, that's their strategy is one that basically double -- they're doubling down when the worst part, the front of t

this all comes ahead of the close of cbs' merger with viacom that is expected to happen in a few weeks. and cbs reporting mixed results. the top line revenue fell a hair short of expectations, growing just 1% to $3.3 billion. but earnings of 95 cents per share beat estimates by 3 cents per share. now, earnings did decline from the year ago quarter on growing investment in content, as well as cbs' streaming businesses cbs also showed that those bets are starting to pay off, announcing that direct-to-consumer revenue from cbs all-access and showtime ott, that's the streaming app, are up 39% from the year ago quarter. back over to you >> julia, thank you so much for that cbs down some 3% we're going to move on the president just wrapping up comments at the economic club of new york, saying the u.s. and china are close to a deal. >> we're the ones that are deciding whether or not we want to make a deal we're close. a significant phase i trade deal with china could happen. it could happen soon but we will only accept a deal if it's good for the united states and our workers and our great co

. >> content is king we upgraded the credit rating of viacom because of merger with cbs having a lot also a remembering different passwords. maria: me too. >> you know. >> you mentioned rates earlier john that 10 year 1. 7% creeping up to 1.9% you think markets will get upset. >> i think if heads-up over 2% become worried that perhaps -- borrowing costs are too burdensome especially in housing market mortgage market we have a strong run of late -- by housing sector share prices, but recently, that particular price index stock price index has been declining in response to worry over how high bond yields might climb. >> he mortgage rates he helped housing market couple months. >> they have, of course, but we have a very wide difference unusually wide between mortgage yield 30 year and benchmark treasury yield, and suppliers of mortgage credit say that reflects a very strong demand for mortgage credit, but we will wait and see how this plays out. >> i am surprised we didn't talk more about auto story auto loans, auto part of corner of the market a story in the journal yesterday i went h

. >> viacom is due to report its latest quarter results before next month's expected merger with cbsia company are down 31% it is not stopping our next guest from being positive on the stock. joining us now and looking overall of us almost like a god looking down on us you got to take this shot. he's so large and he's not in studio but he is here. i can go out and just reach him. >> the camera doesn't do it justice. you got to get closer. >> i feel like he is here. >> cisco telepresenc >> 4d. 3d >> a really bad game of pass word >> a public company that had the guy on all the time. >> imax. >> tim, it's like you are on an imax screen here, with sense surround be careful tell us about viacom, why you think that's a way to go in media. >> certainly, we've seen a massive change in the distribution of media. if you are not disney and you are not netflix, you are not getting valuation. cbs is trading about 4.5 times earnings it is hard to see how bad earnings could possibly be to justify that kind of multiple. they've got some pretty good legacy assets in nickolodian and paramount picture

and a judge has ordered cbs to turn over records regarding its merger deal with viacom.ed stone who benefits both companies. >>> michael bloomberg kicking off his bid for the presidential campaign hosting the first event on monday northern virginia saying he's willing to use his own fortune to take on president trump senator elizabeth warren wasting no time for blasting him for what she calls buying the election. >> michael bloomberg is making a bet about democracy in 2020. he doesn't need people, he only needs bags and bags of money and if you get out and knock on 1,000 doors, he'll just spend another $37 million to flood the airways and that's how he plans to buy a nomination in the democratic party i think he's fundamentally wrong. >> yeah, right >> we're now joined by bradley tusk, founder of tusk ventures and in washington, frank luntz. frank, the mayor is out there now. the former mayor is now out there campaigning on the trail for the first time you're seeing the blowback already from some of the leading democrats in the fields and the question i have is in terms