. >> the biggest question once it becamclear vince mcmahon was willing to sell a controlling stake in what role would he play in the new company? most assumed he would leave the ring altogether. i asked mcmahon about the emotions of parting with a business his father founded back in 1953. and whether that scandal ultimately led to this moment. >> i can't help but wonder and i have to ask you, had the scandal not happened, would we be sitting here today >> absolutely. >> why >> because it makes sense. you take -- nothing has ever happened like this before. and again, i'm always looking at what's best for our stockholders and what's best for the company. this is the best thing that's happened in a long, long time. all the wrestle manias combined have been 39, including tomorrow does it really equal to the magnitude of what we will do together >> did that event push you towards this day faster than you thought you would ever be here >> no, it didn't really in and of itself, no. but it's great we can combine all of this news together at the same time. >> is this a good day for vince mcmah

the wildcard throughout the bidding process is what vince mcmahon would play in the company after a sexualisconduct scandal he left the company for six months before returning to help lead a potential transaction most assumed mcmahon would leave altogether if a deal happened, and he's staying on of the exec executive board at the behest of emanuel himself. and the scandal that rocked the wwe and mcmahon himself ultimately head to this moment >> i can't help and i have to ask you, have the scandal not happened, would we be sitting here today >> absolutely. >> why >> because it makes sense. nothing has ever happened like this before. again, i am always looking for what is best for the stock holders and the best for the company, and this is the best thing that has happened in a long, long time. all the wrestlemanias combined, including tomorrow, does it equal to the magnitude of what we will do together? >> did that event push you towards this day faster than you thought you would ever be here >> no, it didn't really in and of itself, no, but it's great that we can combine all this news toget

vince mcmahon is a big personality. ari emanuel is a big personality.boardroom of the co company is worth televising. that may have been appeal for vince mcmahon who had to step down six months ago amid the sexual misconduct allegations. then he came back to the company to sell the company. that was the reason he gave. look, how can i share the company if i'm not involved or on the board he came back and joined the board and did this deal and now will stick around in a leadership role. >> that may be good news for mcmahon and what he wants to do. is this the rest of the deal for the shareholders >> i feel this is the best news on the table for the shareholders i heard the other buyers here, large media companies, say they were not interested. it includes our parent comcast and fox was not interested and disney was not interested. you have to see what is out there. wwe did that i don't know the extent of the saudi arabia sovereign wealth money which had been rumored to be interested. there is a lot of political risk if y

. >>> nothing pre-scripted as vince mcmahon's organization has a buyer. >>> and some are calling controversial price cuts with tesla. we look at what is next for tesla ahead. it is monday, april 3rd, 2023. you are watching "worldwide exchange" here on cnbc >>> good morning welcome to "worldwide exchange." hope you had a great weekend i'm frank holland. let's kick off the first day of the second quarter with the look at u.s. stock futures. the dow would open 100 points higher this very early point in the morning. s&p down nasdaq down .50% we will continue to watch this morning. >>> all of this after a solid end to march with the s&p and nasdaq coming off higher gains for all that talk about rate hikes and value being en vogue, it was a stretch with the index with a 16% gain and the best quarter since the second quarter of 2020 when it surged in march. something to watch for the second quarter some of the big gainers for nasdaq, nvidia with the 90% rally. meta up 70%. te tesla up nearly 70% >>> we look at the 10-year treasury at 3.53 the 2-year treasury is above 4%. >>> big morning for energy oi

luke at great job that vince mcmahon and linda have done, unbelieve able.eople that are unbelievable entrepreneurs, one thing they have in common, they love what they are doing. vince, and dana, and all of these people that you know, do what they do, they just -- such a passion, so incredible, they have great knowledge. you know, they understand it. they have great knowledge. but, they truly do have a great love love and enthusiasm for what they do, i have never seen anything very successful without that enthusiasm. mark: a lot of letters in the book, many will surprise you, get it at 45books.com, we'll be right back. ahhh! icy hot pro starts working instantly. with two max-strength pain relievers, so you can rise from pain like a pro. icy hot pro. ♪ the all-new chevy colorado is made for more. bring more. ♪ do more. ♪ see more. ♪ and be more. ♪ the all-new chevy colorado. made for more. ♪ our customers don't do what they do for likes or followers. their path isn't for the casually curious. and that's what makes it matter the most when they find it. the exa

of what portion that goes to vince mcmahon? we are not sure.might still be involved in the business. >> is it family? >> vince bought it from his father in 1982 for $1 million. it is a business that has been around for 70 years. 1953 is when it was formed it is a legacy business when vince's son hoped to carry on, but he still holds a leadership position within the business as of friday, the business was worth, wwe, $6.9 billion it gained 33% this year alone. that really tells you with this sale moved and it is showing rapid gains over a period of time and what it could bring to endeavor the level of sponsorship and endor endorsements it spread across the world so much so that a few of the headline events, whether elimination chamber or whe wrestlemania have been hosted in middle east. we know how much posturing toward wanting to make more money and really looking good which the middle east has done several billion looks like a feasible amount. endeavor could see $9.3 billion. >> all right something we willcontinue to watch. a deal could be ann

luke at great job that vince mcmahon and linda have done, unbelieve aable.eople that are unbelievable entrepreneurs, one thing they have in common, they love what they are doing. vince, and dana, and all of these people that you know, do what they do, they just -- such a passion, so incredible, they have great knowledge. you know, they understand it. they have great knowledge. but, they truly do have a great love an a love and enthusiasm for what they do, i have never seen anything very successful without that enthusiasm. mark: a lot of letters in the book, many will surprise you, get it at 45books.com, we'll be right ♪ the all-new chevy colorado is made for more. bring more. ♪ do more. ♪ see more. ♪ and be more. ♪ the all-new chevy colorado. made for more. ♪ why are 93% of sleep number sleepers very satisfied with their bed? maybe it's because you can adjust your comfort and firmness on either side... your sleep number setting, to help relieve pressure points and keep you both comfortable all night. and now, save $600 on our most popular sleep number 360 sm

the father of the wrestling organizations, current owner vince mcmahon, founded the w w e in the earlyfties, a new study reports . san jose state university is among the top 10 most affordable colleges in a major us city. however there are people on campus who dispute that report. the survey by credit summit, says san jose state university students pay an average of $800 a month for housing, utilities and wifi close to $3800 for monthly costs. but san jose states has a sociology professor says. it does not add up when the least expensive on campus apartment costs a student more than $1000 a month. a new study shows americans now hold $1.7 trillion in student loan debt, and nearly two thirds of that money is owed by women, according to the american association of university women . women with bachelor's degrees graduate with an average of $2700 more in student loan debt than male students. and that gap increases over time as women take two years longer, on average to pay off their debt, with the interest, adding up all the while. let's look at your dollars and cents. all right, pam. tha

vince mcmahon, ww ii agreeing basically to be purchased by a ufc. so you've got one organization that's built on like i a real fight. i mean, almost unknown. it plays out in the octagon and you have view with choreographed fights and it's all going to be one umbrella. so basically men under 35 are happy 6 year-old kids, my kids like wrestling for a while. >> and it goes back to 1982. with hulk hogan and w w ii and john cena and the rock and dave bautista. they created a lot of hollywood stars. they got great market in the u.s.. he's got great marketing. plus, they've got exciting combat sports, which my generation we like boxing. no one cares about boxing us anymore. ari emanuel, who was ari on the entourage on hbo is based off him. he's the head of endeavor. he's pulled this deal together with vince mcmahon. and dana white. i think it's staying from the u.s. big deal. if you're comcast of your apple of your amazon of your disney, those are live sports. those of appointment tv friday night resting saturday night. we just had your this weekend. we ju

both emanuel and wwe founder vince mcmahon optimistic about what they have to offer, no matter who doese's what i would say to you. the number one show in cable is "raw. 1.8 million viewers, up 9% from the same period of time 2022 to 2023 even though everybody says cable's dying. "raw" is up. "s "smackdown," i think it's 2.3 million viewers, up 7%, same period, same period, and unbelievable thing is, the 18 to 49 demographic is the best in the business and the rate card is way below market by a significant amount so, when you think about those things, and in my opinion, and vince and i talk about this, content is king. there's linear players, cable players, everybody wants the young demographic, the social -- i mean, we're across the board, male, female, young, old, both assets i think they're going to get a proper price >> and the idea here is, there's nothing like the two combined. it's live. that's really a key. our events are live. people want to watch live. >> yeah. >> one of the reasons why we are a success and continue to be a success and can fit in every medium we can fit everyw

the father of the wrestling organizations, current owner vince mcmahon, founded the wwe and they're reallys tmz's harvey levin with reaction to the murder. you are looking at two organizations, both of which have enormous an enormous fan base. we're talking a billion people. a billion people. that's just unbelievable. and so, yeah , i mean a lot of selling in the entertainment business is based on leverage. and when you have strength, you have power. and they have enormous power now. a new name for the company has not yet been released. march madness is over, and there is a new national champion tonight, the yukon men's basketball team beat san diego state in the ncaa championship game. the final score 76 to 59. this is the huskies fifth national title in school history and the aztecs first appearance in the final game. connecticut is the first team to win all six tournament games by double digits. and it looks like a national title was not the only thing on the line tonight. connecticut governor ned lamont and governor gavin newsom had a friendly little wager on the game, governor lamont

bloomberg reported in february that wwe's executive chairman vince mcmahon was looking to get $9 billionor the company. w w e shares gained 33% this year giving it a value of about $7 billion. that is it for daybreak australia. haidi: but, daybreak asia is next. you are not done with us yet. much more to come including continuing to take a look at the fallout as asia wakes up and reactions we continue to see when it comes to the shock announcement to cut output at opec-plus. this is bloomberg. this is bloomberg. go. go scientist. go software. go cure. go production. go faster and safer. emerson automation software helps breakthrough medicines get to market at warp speed. go human go. go boldly. emerson. as a business owner, your bottom line ge is always top of mind.ed. so start saving by switching to the mobile service designed for small business: comcast business mobile. flexible data plans mean you can get unlimited data or pay by the gig. all on the most reliable 5g network, with no line activation fees or term contracts... saving you up to 75% a year. and it's only available to comca

tell us more about this and what it could mean for the future of restling >> vince mcmahon has been trying is he's trying to secure the deal where the valuation of wwe is around $6 billion at this point in time and trying to shift things -- shift things off a little bit and changing what is a 70--year-old family run business and now could go under the endeavor group it makes $1.3 billion a year, the same as the usc and bring two together it would help their portfolio significantly. >> cnbc's arabile gumede, who knows way more about wrestling than i do, it's clear. he joined us from london thank you, my friend. >>> a former official in the trump administration says the case could be rocket fuel for his 2024 campaign. we'll have those comments plus a look at how the former president is making money off his legal troubles what a shock there that's all straight ahead. powg coconut droplets. with plant-based protein that penetrates. in one spray, get instant shine and smoothness. new tresemmé fluid smooth haircare. ♪♪ choosing miracle-ear was a great decision. like when i decided to host family

wwe's vince mcmahon is going to be the executive chairman. out of retirement, if you recall, the kind of usher the sale of wwe. now, this combined company's going to trade under a new ticker symbol, t tko, it's going to trade on the new york stock exchange. both stock it is under pressure today on news of this this merger. in other merger monday news, extra space storage sayings it's going to acquire life storage, a $12.7 billion all-stock deal. last month they turned down a takeover bid. the company's going to become a largest self-storage company, 3500 locations, 2 the million customers. big space. lsi is up 3.25%, extra space storage is lower by more than 5.5%. let's look at macy's right now, stock's on the rise after jpmorgan upgraded the company from if neutral to overweight, and they raised the quites target on the retailer. firm says it has confidence in this macy's 2023 plan which includes expanding its off-mall stores and digital marketplace, and also the company recently announcing some management changes. those are going to take ef

the endeavor group agreed to purchase vince mcmahon's wrestling group $9 billion.t's cut this down to real english. this is wrestling getting together with ultimate fighting. >> i'm sure you're a fan. stuart: absolutely not. >> so this is a combination which is interesting because wwe has been on the sales block for a long time, so this is an outright sale per se, it's a combination, so uc will merge with wwe, so this combined sports entertainment company is worth $21 billion in total. that means you had wwe with 9 billion andufc is worth 12 billion and this is a separate entity run bye-bye endeavor group, and they will have 51% of the separate entity so it's interesting that it's like they aren't using outright cash to take over wwe, does that make sense but they are giving them aishah hasnie premium on what they are worth. stuart: i'm just looking at the wrestling people down nearly 10% let's talk about life storage combining with extra space storage. $12 billion. >> yeah, so why is this important? because look. we live in this world where all of a sudden we just

this end the wwf's longtime status as a fathf vince mcmahon to wrestling organizations current ownerthe men's college basketball championship is up for grabs tonight between connecticut and san diego state. the aztecs are 7.5 point underdogs against the huskies, but coming off their thrilling buzzer beater over florida atlantic in the semifinals. san diego state features three players who were born in the bay area, while star guard matt bradley is a transfer from cal. he talked about how the entire city of san diego is backing the school. the padres are supporting us the whole city, everybody, you know, businesses , you know, people, families. uh we love it all. we're just really thankful to have him. but yukon has dominated every game in this tournament, winning by at least 13 points. they won the west regional by beating teams, including st mary's college in gonzaga. a key player is joey calcaterra from novato, connecticut's head coach expects tonight's game to be physical. practice really, really hard. we come from a league. so i thik it's just going to come down to you know, obvi

bloomberg reported in february that w w e's executive chairman vince mcmahon was looking to get ninelion dollars for the company. w w e shares gained 33% this year giving it a value of about $7 billion. next, plans for south korea's first commercial rockets. the ambition shery: take a look at how oil prices are trading at the moment after the surprise announcement by opec+ of cutting production to bite more than one million barrels a day. already we had seen a weekly gain of wti of 9% to given the ongoing disruptions to exports from iraq. we were expecting supplied to get tied for the latter part of the year, these new cuts coming from saudi arabia, the cuts were a precautionary measure aimed at supporting the stability of the oil market. at white house responded saying the cuts are ill-advised. we have seen endless from goldman sachs scrambled to raise the forecast from $95 for brent for december 2023 given the cut. let's bring in a commodities strategist at hines. thank you for joining us on this important day today, given the announcement from opec+. you had wti at $100 per barrel

four generations under the mcmahons coming up on mornings onto at seven o'clock, the new deal vince mcmahonour child to college is not cheap. we know that with americans now holding $1.7 trillion in student loan debt. also in the next hour, who owes almost two thirds of that money . at least $929 billion. slash by more than a million barrels a day, and this will happen from may until the end of this year. the arabia says it's a precautionary measure its towards stabilizing the oil market, industry analysts say saudis production costs could push our gas rises up by 26 cents a gallon. according to gasbuddy, the average price for a gallon of gas in san francisco has 4 97 4 84 in san jose and penny more in oakland. the average price for a gallon of gas in california. it's 4 83 the national average 3 50 in today's dollars and cents. anyone traveling to asia this year should expect to pay more than they did before the pandemic. now american express travel says flights between asian cities cost about 30% more than they did in 2019 tickets for flights between europe and asia cost twice as much as t

that's a thing that may be coming there's the issue that ari emanuel is going to be working with vince mcmahontend for way hollywood thinks about all of this of course, hollywood has already had probably an opinion about a lot of these kinds of things given what the ufc business is and some of the allegations made against dana white all of this is going to get into the stew today and i imagine we're going to be talking about it for quite some time. >> andrew ross sorkin, thank you very much for being on. >>> coming up on "morning joe," what do jay-z, paid time off and baseball have in common? and little debbie. >> i think that have something to do with donny deutsch dealing with his swedish and finnish engineers in their white lab jackets. >> they're all part of the latest installment donny deutsch joins us next. - representative! - sorry, i didn't get that. - oh buddy! you need a hug. you also need consumer cellular. get the exact same coverage as the nation's leading carriers and 100% us based customer support. starting at $20. judge protoproto asiewicz (vo) in three seconds, this couple wil