warner bros. discovery in terms of their max out for the whole year.t. >> gandy, with the stock down so much, does that mean, would you say the stock is a buy at this point? >> well, jacob, the stock had a terrible session on friday. has not done well since that merger we talked about last spring. it is down and out. value players around sniffing in the stock and have been. you have to really be careful. —-dash catch a falling knife. they could be here. it looks cheap, it could get cheaper kind of thing. >> given how badly the stock is been performing, i am guessing he does not get paid that much, does he? >> famous for getting paid a lot [laughter] unfortunately, it does not match well with that stock performance when we go back all the way to 15 years that david has been ceo of discovery is a public company , their ipo was in 2008, we asked the firm to track his total take-home pay. that came to $825 million. the stock only up about 22% versus 418% for the s&p 500. i guess these are questions you will have to put to the board of this company. >> how

ask your dermatologist jack: warner bros.ie well past 1 billion in sales at the global box office. the summer smash will not be enough to face many challenges they are facing since the merger last year including massive debt , stiff competition and declining profits. andy wrote the story and is joining the panel now. great peace. thank you for joining us from your long weekend in maine. could you start with a quick overview. batman, barbie, shark week two cnn. today's media landscape is pretty different than the one that david made his name. >> absolutely. a lot of powerful brands they are indeed. this company was formed last year as a merger between warner media which came out of at&t and the old discovery company that has animal planet, discovery, food network, et cetera. they have three parts. the movie studio which has harry potter, lord of the rings and et cetera, that business can be various ethical. barbie, a smash hit. biggest movie they have ever made. you have that over there. the other two pieces are the networks w

warner bros. discovery saying the dual hollywood strikes could cost them up to 500 million dollars . that number, coming from the l.a. times, who looked at the company's regulatory filings. even with the projected loss, warner bros. expects to make $10.5 billion this yearar. producuction largely y stopped when the writers a strike started in may. actors joined them in july. warner bros. had the biggest box office hit of the summer with barbie, which brought in 1.4 billion, globally. >>> s.a.g. aftra members are planning to vote on whether or not to strike against videogame companies. they want better pay and protection against ai. the union says their contract expired a year ago. a spokesperson for videogame producers says they are negotiating in good faith, and want to deal as soon as possible. >>> workers of the now closed anchor brewing company have started collecting funds in hopes of maybe buying the business and running it as a worker co-op. they have raised more than $25,000 in just one day

new comments from the ceo of warner bros.e big winners in the sector. it is thursday, september 7th. you are watching "worldwide exchange" here on cnbc. >>> good morning. welcome back to "worldwide exchange." i'm frank holland. we pick up the half hour with the check of the stock futures. take a look. the dow would open up 40 points higher hitting the high point of the morning. the s&p is down fractionally. nasdaq down .50%. we are looking at the bond market with movement there. the 10-year treasury is 4.26. it has risen 15 basis points in the month of september alone. the 2-year treasury is notching below 5% yield. 4.98. that is a story we will watch throughout the day. we are looking at the energy market. specifically oil. we begin with wti at 86.91. brent crude just fell a cent below $90. down .23%. natural gas is up .25%. we are watching shares of apple. apple shares down 2.5%. hitting the low of the morning. it was down under .50% earlier. this on the ban of the chinese use of iphones by officials. beijing plans to restr

we have seen some companies like warner bros.iscovery take down their earnings expectations for this year. they reduced it because they said not having fresh content will affect advertising. as the strikes drag on possibly into 2024, that could become a real problem for their bottom lines. jon: at the same time, your team put together some data on what the free cash flow picture looks like in light of the strike and how long this has been playing out. guest: because there is no production happening right now, obviously there are no content costs that these media companies have to pay out so they have all taken up their cash flow protections for this year so netflix had a projection 3.5 billion dollars. they took it up to almost 40% to $5 billion. disney reduced its cash budget. in the short-term, yes it artificially boost cash flow but in the long term, cash flow will be lumpy next year. this is not a good situation from an earnings perspective and long-term earnings growth. matt: what is the bottom line for the streamers? the he

live sports, warner bros discovery max announcing the pricing for its new tier. will customers now have to pay to watch march madness? kelly? >> we'll ask about that. let's get a quick check on the markets, though. dow is coming back. only back 23 points after dipping back in the red last hour. s nasdaq up 4 and s&p up 35. the u.k., they've made a big deal with the u.k. regulator, both stocks were higher today -- well, they were before microsoft turned lower about 0.5%. we almost closed all of that with shares up 2% today. interesting names on the 52 low week list today we want to call out like target, dollar general and dollar tree, some of the wea weakest retailers this year. and the dow component is back to lows we haven't seen since 1998. that gives it one 25th the impact of the dow as fellow component united health. >>> we begin with the latest on the uaw strikes. lots of news today. strikes expanding, most of the news coming from comments made by the head of uaw. phil lebeau joins us live from michigan with the very latest. hey, phil. >> reporter: we're out

now the move by warner bros.ill continue to delight and entertain global audiences. the announcement does however come at the same time as that combined writers and actors strike in hollywood. that has hit warner bros. production hard, a number of their projects have had to be delayed. now here's the weather with ben rich. hello. the weather has felt decidedly cool today. we've had some pretty heavy showers out there, some sunny spells, too. but as those showers fade to leave largely clear skies overnight, it is going to turn really quite chilly. then through the weekend, temperatures will rise as some outbreaks of rain and some strong winds arrive, particularly towards the north—west of the uk. the reason for all of that, this swirl of cloud, this was a hurricane, hurricane nigel, not a hurricane anymore. but it is going to bring an injection of moisture into this deep area of low pressure. that will swirl to the north—west of us, throwing outbreaks of rain and strong winds into northern and western parts, but a

as warner bros.other streaming stock with an outperform, that name happens to be our counter closer topic as well, will get you the details straight ahead the dow was in the red, s&p and nasdaq all turn negative. i'm also mr. leg day...1989! anyone can become an agent of innovation with invesco qqq, a fund that gives you access to nasdaq-100 innovations. i go through a lot of pants. before investing carefully read and consider fund investment objectives, risks, charges, expenses and more in prospectus at invesco.com. new projects means new project managers. you need to hire. i need indeed. indeed you do. when you sponsor a job, you immediately get your shortlist of quality candidates, whose resumes on indeed match your job criteria. visit indeed.com/hire and get started today. become an aunty. book a flight. stay 4 nights. meet the baby. make the baby cry. give the baby back. fly home. silver tier in a single trip. join one key and move up tiers fast. ♪ (upbeat music) ♪ ( ♪ ) woah. ( ♪ ) ( ♪ ) ( ♪ )

vallas, warner bros. discovery. they have been meeting with the writers guild of america.hat is how this blockage got unblocked. why didn't this happen months ago? when it comes to tuesday you are going to have almost 100 and 50 days. i wish people would have come to the table because this is going to have such an impact. the average salary for a writer is about $53,000. it is not coming at a top one percent of writers who are getting dollars. the average person who is being impacted in this is really truly impacted. i am glad that they came to the table. ed: one in the strikes started to conversation was about ai and the long-term impacts of ai. it hasn't become more clear that pay is the essential issue? steve: hey is not just a central issue. we are so at the dawn of the ai. we are truly not going to imagine that once you move past the ability to ask questions to things like generative ai, once you start moving from questions to actual actions. the ability to do a modern-day test, we actually tell aai chatbot, here's one hundred thousand dollars, go out and make $1 mill

warner bros has announced a major expansion of its uk studios.where this year's blockbuster movie barbie was filmed, will grow by more than 50%. the move will create 4000 extra jobs across the country and will increase the value of the media giant's production in the uk by £200 million a year. to the airline industry now, and the growing pressure to slash carbon emissions. take a look at this... it could quite literally be the shape of things to come for aviation. that design is known as a blended wing body and california companyjetzero claims it can cut carbon emissions by half. jetzero recently got some major funding from the us government the bbc�*s aaron heslehurst has been speaking to the boss — he asked why this is taking off now, since the design has been around for years. the advent of all composite aircraft is probably the biggest thing. it's a great enabler of this particular shape. so we can build this shape which is more efficient. what the world needs right now most is a step change in aviation, and that is exactly what this new airf

that includes warner bros. discovery, netflix, disney and nbcuniversal.actly what happens. many of the writers say their demands are extremely important with residuals and higher wages when it comes to streaming. also talk about a.i. and writers want to be the ones writing the scripts. they have been on strike for over 140 days. many say they will continue to be on strike for as long as it takes. here is one of the writers i talked with. >> we have to waive these negotiations in space. there is no option and no backing down. there's no getting less. there's only getting more from my view. >> reporter: telling me and they also say we want to go back to work. a lot of them are telling me i am ready to go back to work. this is been an extremely difficult period for a lot of these writers. for many it is about putting the food on the table and paying your rent. they have not been working for months. aside from the individuals struggling, economic impact already surpassing more than $5 billion. this is not just hollywood or the writers and the actors. it reall

we just saw warner bros discovery push back the release overdone part 2.that have >> of course, it's a little concerning and we're a business of momentum and you go to the movies and go to the movies and watch the trailer and see something you want to see next. when we interrupt that momentum, we have to re-pad the pulmoand we'll always be able to do it if we have to. it's just not optimal but let me talk about for just one minute what this isn't and think about what did we go through with the pandemic and this isn't. people saying i'm going to not leave my house. and this isn't the studio and i want to move to streaming and play the same day and streaming service is in theaters. k it's important to draw that comparison and a lot of februaries looking at this going oh goodness and is that bringing the point up and i'm glad you're making swiftorcist happen. thank you for your time. >> thank you, kelly. have a great weekend. kelly: you too. still ahead, folks, is there more to sec's decision on spot bitcoin and etfs? charlie gasparino is going to break that

the firm initiating disney and warner bros. discovery, at outperform.veral streamers are primed for better free cash flow generation. disney is the least exposed of the three in their view. joining us to discuss is julia boorstin and disney could use the shout out, julia. >> yeah. this is a company that is facing so many headwind. people have been focusing more on the challenges lately. raymond james in this hefty note digs into all the challenges and also the opportunities for the media industry as we see this transition away from the linear tv business, that was very profitable, but declining over to the streaming business, which is very competitive but has a lot of growth potential. the reason why they call out disney in particular is because of a couple of key things. number one, the fact they have all of these different streaming services, disney plus, hulu and espn plus, is an advantage. they can also bundle them together to reduce churn and use those to hold onto their subscribers. they also say they believe disney has the best ip and they also h

warner bros discovery. lauren: they're up almost 3% and ditto for paramount.omburg is reporting that warner bros discovery wants to add live sports from nb a&m lb to their -- n ba and mlb streams service and they're planning to raise prices once again and both stocks move up. stuart: that'll help. new lawsuit in colorado would keep donald trump off the state's ballot in 2024. is this the start of a new wave of lawsuits against the former president? we'll report on it for sure. van jones marked the idea of democrats reelected president bind. watch this. >> biden is like that grandpa that you love and believe in and owe a lot but start to wonder, you know, would you give this grandpa a high stress job for six more years? stuart: grandpa? we have the full story for you. a new poll shows senator tim scott beating president biden by two points in a potential 2024 matchup. nikki haley edges out biden by 6 points. what's tim scott's strategy to catch up? the senator is here and he's next. ♪ you can't buy great conversations or moments that matter, but you can invest

cable bundle to streaming and not helping streaming player withs legacy channels out there and warner bros at the moment and warner off the lows of the session and down 1.6% and they feel the impact not just of those comments but charter. bloom burg washington reporter that warner bro discovery offering at no additional price on the max streaming service for a short period later this year. again not helping wbd in the green. the company announcing officing office spate and roku announced a 6% reduction in the staff in march due to pull back in advertising spend. pipeline operator and m bridge falling 5.5% on track for largest percentage decline since june of 2020 after announcing plans for three natural gas and dominion energy for $14 billion and they'll facilitate the creation of the largest natural gas utility franchise in north america. some question the impact on embridge and dominion shares not fairing much, much better and down 1.5% after bank of america called the deal valuation disappointing and well below expectations and multiple brokerages cutting price target on dominion. they

i knew i wanted to be at warner bros. with prince. cymone: we looked at this as our one shot. the whole idea was, at this point, was for him to do it himself, you know, and to record it himself, and, obviously, i was there, and, you know, he was billed as sort of the one-man-band kind of thing. he really hadn't had his persona formed. he was just real. he was so open. he was just prince. husney: this was a man who knew what he wanted at a very early age, and he had the gift to be able to get it done. he had that extra something else, and that was that desire, and he was not going to fail. he was not going to fail, no matter what. levy: the story of "for you," the first record, is that warner bros. has signed him to a guaranteed 3-album deal. it's actually a good record. prince's second album is self-titled. he's playing the instruments again. by the time we get to "dirty mind," album number three, he is making songs overnight, sometimes. ♪ but, honey, you got me on my knees ♪ ♪ won't you please let me lay you down ♪ ♪ that's the thing

last week, talks pick up steam, when executives from disney, netflix, warner bros.hursday session lasted more than ten hours, in which both parties hammered out solutions. the rioters, demanding greater royalties, stricter protections against artificial intelligence, and more job security. we must note, nbc universal is a parent company of msnbc. but let's get to nbc -- and national correspondent -- xi is has been following each and every turn of these negotiations. and she joins us now. liz, we've seen many reports suggesting that this is all now about the fine print. what are you hearing, where are we at this hour? >> juliÁn, hi. yeah i mean really, right now, with this is getting down to the nitty-gritty. what we understand is that they essentially are at the final and here of getting a deal done. so a lot of people, on ten pins in eagles right now in hollywood, waiting at any moment, that we could hear that there is a deal. it sounds like there is lawyers, essentially right now, just going back and forth between the rioters union in the studio executives, this i

check out warner bros.e hollywood writers and studios are nearing an agreement to end the strike sources saying the two sides are meeting and hoping to finalize the deal today the writers guild of america members have been on strike for more than 100 days with actors joining the picket lines back in july. the stock is higher paramount more than 2% warner bros. discovery up 2.5%. stay with us. we'll be right back. your record label is taking off. but so is your sound engineer. you need to hire. i need indeed. indeed you do. indeed instant match instantly delivers quality candidates matching your job description. visit indeed.com/hire there are some things that go better... together. like your workplace benefits... and retirement savings. with voya, considering all your financial choices together... can help you be better prepared for unexpected events. voya. well planned. well invested. well protected. the one thing we can never get more of is time. or...can we? this is watsonx orchestrate ai designed to mul

. >>> and warner bros.f the most high-profile writers in the industry, including mindy kaling the studio is halting payments to the a-list writers for the duration of the strike nbc has not independently verified this. we'll be back after the break. one aleve works all day so i can keep working my magic. just one aleve. 12 hours of uninterrupted pain relief. aleve. who do you take it for? this isn't charmin! no wonder i don't feel as clean. hurry up dad! i'm trying! this cheap stuff is too thin! here's charmin ultra strong! ahhh! my bottom's been saved! woohoo! with its diamond weave texture, charmin ultra strong cleans better with fewer sheets and less effort. what's everybody waiting for? this? we all go, why not enjoy the go with charmin. and for a shower-fresh clean feeling try charmin flushable wipes! honey... honey... nyquil severe honey. powerful cold and flu relief with a dreamy honey taste. nyquil honey, the nighttime, sniffing, sneezing, couging, aching, fever, honey-licious, best sleep with a col

. >>> warner bros.ncing that max will be the latest streaming service to be offering live sports the company plans to simulcast any sports programming that airs on tbs, tnt or tru tv. it is free for those who subscribe to max through february but will be an extra $9.99 after that the national league playoffs and the mlb, teamusa soccer matche and the ncaa tournament. >>> unesco has added 37 new sites to the world heritage list an ancient city became one to make the list. the hopewell ceremonial earth works was also added in the netherlands, the royal planetarium, the oldest working mt. world, joined the sites. and a site in india is officially added >>> arabile, good morning. >> good morning, guys. you're talking about instacart here who of course i of course pri their business, to send shoppers into grocery stores and get items for us at home it does mark a big change. the first venture capital company backed by venture capitalist to launch on the nasdaq since 2021. the share price managed to gain as m

for "reuters" says the meeting was attended by the heads of disney, netflix, nbc universal, and warner bros. discovery. people in the room reportedly described the session as, quote, encouraging. cnbc cites sources that say an agreement to end the strike is near and may come as early as today. the writers strike has gone on now for nearly five months. some experts put the economic impact of the writers and actors strike at more than $5 billion. >>> and now to immigration. the biden administration says it's granting temporary legal status to hundreds of thousands of venezuelans here in the u.s., making them eligible to work. the move comes as officials near the southern border say conditions are at a crisis level with tens of thousands of illegal border crossings. jarred hill is in new york with the latest. >> reporter: good morning. for a while now mayors and governors in places like here in new york have been pressing the white house to figure out a way to speed up the work permit process for migrants so they can support themselves. officials acknowledge this does not fix a much larger pro

warner bros. discovery wrote its adjusted earnings will drop between 300 to $500 million if deals aren't reached before 2024. the company noted that the prediction isn't an indication of when it thinks the strikes will end. you'll recall the studio had one of the biggest box office wins of the year with "barbie." it had to delay "do you know part 2" to next march. >>> some dolphins decided to put on a show for folks visiting the beach in georgia. you can see people enjoying the beach when playful creatures decided to entertain them. the acrobatics lasted for about 20 seconds. the performance left the audience there laughing and applauding. so cool. >>> let me take you to florida, a group of gator untoers in orlando recently caught the second heaviest alligator ever in the state. the gator weighed in at 920 pounds, measured 13'3", compared the massive gator to a giant dinosaur. the heaviest ever harvested in the state weighed more than 1,000 pounds. >>> buffalo bills safety damar hamlin has drawn a

it's the ninth movie from warner bros. in the "conjuring" horror franchise.udget action movie "expendables 4" finished a distant second. it's a disappointing opening despite starring several big names including sylvester stallone and jason statham. >>> the irs will know if you made some cash from reselling concert tickets, plus the new iphone is officially out. wendy gillette is back with your cbs "money watch" report this morning. >> reporter: the markets lost ground friday amid fears of a government shutdown. the dow fell 106 points, the nasdaq was down 12, and the s&p 500 slid almost 10. >>> did you make some sweet cash reselling your beyonce or taylor swift concert tickets this year? the tax man may be coming for you. a new law requires outlets like ticketmaster and stubhub to give the irs information about users who sold more than $600 in tickets. the average price on stubhub in the u.s. for taylor swift tickets was almost $1,100, with the top seats going for much more. >>> get ready for ads on amazon prime video starting early next year. if you want to

but, i don't understand, for instance, why warner bros.very thought it was worth taking a 300 million dollars to $500 million loss for themselves in order to get something like $50 million worth of savings. it is income principle why the companies chose to throw us out of work to jeopardize the lives and livelihoods of so many people in new york, los angeles, all around the country whom their actions affected deeply. i don't know how they do that. are they like hairy lime and the third man that looks down from the first wheel and sees so many moving docs? it is income principle -- incomprehensible that they see things and only in terms of cost and not the cost of human lives. finally, they came around and i am glad they did. sumi: really good to get your perspective. thank you for joining us. howard: thank you so much. very glad to be here and thank you for the time. sumi: now to the growing crisis where thousands of ethnic armenians are trying to flee the region after azerbaijan forces tried to seize control. hundreds of people have been

. >>> and warner bros. just released a 30-second peek at "aquaman and the lost kingdom." jason momoa returning to his d.c. superhero role riding a giant seahorse with yahya abdul maten ii as black manta. the full-length trailer will rise from the deep in four days. >>> that's your cbs "money watch" report for this monday morning. i'm courtney kealy, cbs news, new york. >>> hawaii's kilauea volcano has erupted again. this is the third time this year kilauea has been active. the volcano on hawaii's big island is one of the most active in the world. officials say the lava is a safe distance from many people and structures in the area. the eruption will, however, cause gases and smog to fill the air. >>> up next, raising the trophy once again. novak djokovic makes tennis history with his 24th major championship. ip. er the thingsgs you loveded... ...b.before asththma got inin the way?? fasenrnra is an adadd-on treatat for asasthma driveven by eososinophils.. it's's designed d to targett and remomove them and helplps preventt asthma a attacks. fasenrnra is not f for sudddden b

are not alone on youtube, so i will read out the statistics of the first six places, first place warner brosersal pictures second place 5.5 billion sony pictures 5 billion are not weak companies , you will agree fourth place mosfilm which has almost 3 billion views, but at the same time the number of films that we have on youtube is almost two, or even more times less than those who occupy the first trimesters. well, just objectively, for example, we have 1,400 films, and for example, warner brother has 2,600 films. well behind us who is coming interesting fifth place 20th century fox with 2.8 and walt disney with 2 billion is also not the weakest. as they say, yes uh company. this is how the story goes, that is, in today’s situation, when our culture is completely closed, and it is completely closed. completely ironclad. it is closed everywhere and unfriendly. and by the way, in friendly countries, many are friends, and countries are simply afraid that they will be boycotted on a cultural level. and although they seem to hesitate, in this sense it is. and the mosfilm channel is the only cha

warner bros discovery has announced a major expansion of its film studios just outside london.ion in britain. 0ur reporter nicky schiller is in the newsroom with more. barbie, starring margot robbie and ryan gosling, was the big summer hit at the cinemas, but much of it was actually made here at warner brothers leavesden studio just outside london. now, this announcement means that the site will be expanded by more than 50%. it will mean the number of stages that can be used for filming movies will go from 19 up to 29. it will actually become the main production hub for dc comics movies. we are talking the likes of superman, wonder woman and of course batman. now, building work on the complex, which is also home to the harry potter movies and indeed the studio tour, is set to begin next summer. it's hoped that it will be finished by 2027. now, the investment is a major boost for uk film production. indeed, warner brothers says that its value of production will go up 200 million and will end up at £600 million a year. indeed, they also say that 4,000 direct or indirectjobs will

but i don�*t understand, for instance, why warner bros thought it was worth taking a $500 million loss would choose to throw us out of work, to jeopardise the lives and livelihoods of so many people in new york, los angeles, all around the country whom their actions affected deeply. i don�*t know how they do that. are they like harry lime in the third man who looks down and just see so many moving dots? it�*s incomprehensible to me that they just see things incomprehensible to me that theyjust see things in terms of cost and not the cost to human lives. but that�*s what they did. finally they came round and i�*m glad they did. howard, good to get your perspective, thanks forjoining perspective, thanks for joining us. perspective, thanks for “oining us. ., ~' perspective, thanks for “oining us. ., ~ perspective, thanks for “oining us. . . perspective, thanks for “oining us. thank you so much, very lad to us. thank you so much, very glad to be — us. thank you so much, very glad to be here _ us. thank you so much, very glad to be here and - us. thank you so much, very glad to be here and

steinbeck received an award from the king of north for bolstering the morale of the citizenry and warner bros. played a staggering $3000 for the movie rights. at fdr's urging steinbeck traveled to air force bases around the united states to observe the training of pilots, navigators, puppeteers and gunners he wrote bombs away. meanwhile steinbeck passed his army physical but his request to officer rank and air force intelligence was denied made it difficult for him to secure the necessary passport papers from the wharton state departments for his travels as a correspondent. on june 3 covid 1943 steinbeck departed on a troop shift for england in the employ of the new york herald tribune. worktime dispatches 85 in total from england, north africa and sicily appeared in the herald tribune between june and december 1943 and was syndicated in newspapers all across the country except for oklahoma as well as in australia, new zealand, and south america. we have no other writers so likely to catch on paper the inner things people do not know about war. steinbeck been on the front lines for the invasi

ceo that streaming wars, and you have seen carnage in the media whether it is disney, paramount, warner bros that collapse of streaming business model whereas fax corporation by focusing on live news and sports and with lachlan�*s initiative to buy two b has navigated the streaming wars quite well. navigated the streaming wars quite well-— quite well. very briefly, ru ert quite well. very briefly, rupert to _ quite well. very briefly, rupert to moderate - quite well. very briefly, rupert to moderate has quite well. very briefly, - rupert to moderate has said he will still take an active interest in affairs. —— rupert murdoch. what kind of involvement do you think that looks like? he involvement do you think that looks like?— involvement do you think that looks like? he remains on the murdoch family _ looks like? he remains on the murdoch family trust - looks like? he remains on the murdoch family trust of - looks like? he remains on the | murdoch family trust of course and he still has the ultimate sway, which controls they 40% of voting shares, so although he is no longer on the boards of e

they are negotiating with activision blizzard, epic games, warner bros. discovery.concerned with how artificial intelligence can re-create actors' voices. i know nothing about video games. i was surprised guy: i was as well. i have not played a proper videogame since 20 plus years ago. they have those robotic command-and-control voices that now they have actors involved. they report these moves. they are worried about that. empathy for these workers, but are they pushing against a tide coming toward us with ai? it seems vulnerable. we may not be immune to this, but ai is coming for some of these jobs. alix: mine was legends of zelda, a good 30 years ago. it was the original super mario brothers, the old school wide. -- one. tom: we need to set up a competition. alix: that would be awesome. this is bloomberg. ♪ ♪ (captivating music) ♪ (♪♪) the first law of thermodynamics states that energy cannot be created or destroyed. (♪♪) but it can be passed on to the next generation. (♪♪) alix: stocks getting hit hard, down for the s&p. abigail:-- hitting technology, g these hi

let's start with warner bros.even though they revised earnings down because of the hollywood writers and actors strike. initially they thought everything would be resolved by september. it turned the corner, they expected to be $5 million. >> stock went down 3.5%, 2.5%. next is intel. >> they say they will make chips for the semiconductor, $300 million partnership. this is weeks after the company said they were trying to merge because china blocked the deal. >> i want to get into the intel and your revised me against it. >> don't know if that is true but i advised against my intel. stuart: thank you. alumina, i know what they are, jean sequencers. >> they have a new ceo, david tyson who comes from a diagnostics company adjunct. four months after the last ceo departed in a board and in discontent, i can't figure out by the stock is down. they about the cancer detection company braille facing antitrust head winds. maybe they don't think the ceo has the ability to face regulators. the stock would go up if that's not

warner bros. discovery not a huge amount of news lines. down 3%.ing actions between the writers could be alleviated on this day of discussion. ed: another favorite risk asset of choice is bitcoin. i just checked. it is almost at $27,000 per token. one of europe's largest cryptocurrencies, coinshares, is looking to expand in america with the launch of a hedge fund division. fortunately with us is jean-marie mognetti, coinshare'' ceo. one imagines there is demand on the others for such an offering. jean-marie: thank you for having me. we started our journey in europe . it is the largest management company in crypto. we focus our journey in europe and it is time to bridge into the u.s. we just want to go into the u.s. for traditional etf programs and trying to find something different. we have been trading our hedge fund business before that. it is time to go back to our roots and offer the u.s. market a hedge fund offering. especially when everyone is living in the u.s. caroline: ok. you are taking a controversial move because people are exiting beca

paramount, warner bros. discovery moving up right now. paramount is up 2%. walt disney up 1%. this as mobile alan makes a bid for disney's adc. we are back with the dummy leo --demilioss. stay tuned. we got this. we got this. we got this. we got this. yay! we got this. we got this! life is for living. we got this! let's partner for all of it. edward jones ♪ is it possible to fall in love with your home... ...before you even step inside? ♪ discover the magnolia home james hardie collection. available now in siding colors, styles and textures. curated by joanna gaines. ♪ explore endless design possibilities. to find your personal style. endless hardie® siding colors. textures and styles. it's possible. with james hardie™. (psst! psst!) ahhh! with flonase, allergies don't have to be scary. spraying flonase daily gives you long lasting non-drowsy relief. flonase all good. also, try our allergy headache and nighttime pills. ah, these bills are crazy. she has no idea she's sitting on a goldmine. well she doesn't know that if she owns a life insurance policy of $100,000 or more she c

top executives from disney, warner bros., netflix, and universal joined this week's meeting signalingos are helpful to stop the work stoppage. >> yes. i am hopeful. i would like to go back to work and start mending these relationships. but i have no idea. we are prepared. we are prepared to stay up and keep staying out. but i really do hope it is over. >> the writers guild does not expect an agreement to be made this weekend but hope is that it is not far off. they have been on strike since may 2nd. >>> a gun band went too far and violated the rights of firearm owners. now attorney general rob bonta is responding. he filed a notice of appeal to strike down the district court's decision. he says he will continue to fight to keep californian say from weapon enhancements designed to cause mass casualties. governor gavin newsom chimed in on the decision as well calling it radical and pointing out the irony that it came out the same day that president biden came out with his new office on gun violence prevention. >>> an interesting tactic to bolster the president's campaign. they are sendi

executives of netflix, walt disney, and warner bros. had been reading through negotiation representatives with the writers guild awards are the weekend hoping to resolve the strike that began in may. they are not there yet, but there does appear to be progress. the strike has caused billions of dollars in lost revenues not just in the studios but to hairdressers, makeup artists, and others, restaurants attached to this industry. haidi: su keenan with the latest on those labor organization actions. chinese property developer evergrande has scrapped key meetings with creditors as it cuts first out over its proposed restructuring. annabelle is taking a look at the latest. we have been expecting the sit downs to begin on monday. annabelle: that is what we had worked in the calendar, evergrande would be sitting down with key stakeholders on monday and tuesday of this week. a big dent in focus, because evergrande is trying to push through a very complicated, complex restructuring of its offshore debt, these meetings have now been scrapped. wh

. >> 2% gain for warner bros. discovery, parent, netflix even higher.he hollywood writers and producers, actors are near a deal to end to strike so the writers have been out since may 2nd, act as a been out since july fourteenth, first time both striking at the same time. i'm hearing there's not consensus soon with studios the strike could go to the end of the year. they are negotiating this week apparently close. if you look at the cost of this, gavin newsom sent to california is $5 billion. stuart: we have valero which i believe is number 2 in winners on the s&p ended up 2%. lauren: russian demand that ash russia temporarily banning exports of diesel, the few companies that do that have to look elsewhere. stuart: supply problems on the market. pulte homes down, disappointing outlook. lauren: existing home sales was poor and you have high rates and that spells trouble for new homes which were attractive, you can't find an existing home, you purchase a new home, they are all short. stuart: the new world order takes effect, vladimir putin deepening his t

for example, warner bros.ount on nfl sunday ticket. advertisers love it because youtube is one of the few services they can still force you to watch commercials on. by the way, this was far from the only partner promotion offering a discount on nfl sunday ticket, which cost $350 million for subscribers and 450 for nonsubscribers. i also saw a similar promotion from verizon and from fanduel, which offered $100 off. since the quarter, some analysts have increasingly paid attention to the power of youtube and especially youtube tv. 1.5 months ago, influential meeting analyst michael nathanson published a note entitled alphabet, the world's largest media company? he put it out that if youtube treated it as a sustainable media company would already be the third-largest player in the space based on 2022 revenue with by far the most advertising revenue. overall, they just see youtube tv dominating the online cable business. looking at the sales and margins, he pegged the evaluation at $142 billion! we don't pay enoug

. >> netflix is up 1% you had the head of the gang of four if you will disney bob iger and warner bros in person that was a big deal last week. their discussions continued throughout the weekend and we have a tentative deal. the writers guild of america is sharing it they call the exceptional with meaningful gains and protections for writers in every sector of membership. there are three key points that this is about, minimum staffing levels, regulating the use of a.i. so the studio cannot say david you are a writer, a.i. generated this, do you mind proofreading and perfecting it and i'm going to pay you less because the original idea came from a.i., things like that. we have a tentative deal that has to be voted on and ratified the positive. >> that is good news this is not good news a big drop for rite aid are they in trouble. >> there reportedly filing for bankruptcy, the stock is down 13%. they're expected to close for 500 of the 21 stores according to the wall street journal. they are selling the remaining locations are trying to turn them over to creditors. they have three plus b

. >>> warner bros. discovery max is getting into the live sports game. starting october 5th, the streaming app will offer a live sports tier called bleacher report sports add-on. it will simulcast with events from tnt, major league baseball, nhl, ncaa march madness. subscribers will get the new tier for free through the end of february. after that, it will cost an additional $10 per month. >>> u.s. news and world report is out with its annual best colleges ranking, and a bay area school lands in the top three. >> stanford tied with harvard at number three. this year's top spot went to princeton, with m.i.t. coming in second. yale lands behind stanford at fifth overall. we should point out cal is tied with ucla at number one overall in top public universities. the rankings cover nearly 1,500 four-year schools offering bachelor degrees focusing on academic quality, graduation rates and student debt levels. >> ucla. >> a baby bruin right here. >> cal is my brother. >> that's right, the big brother. >> in the end, you'll be tied. that's how it works. >> that

it is just like -- i mean, the noises that come out of a french bulldog are straight out of a warner brosn. it is like -- [laughter] people know this if you have one. you will hear this insane noise and you don't even know what orifice it is coming from. >> they can now add oregon to their summer road trip list. the state will be ending its 72-year ban on self-service gasoline. that leaves good old new jersey as the only state of the union that requires gate waiting on a gas station attendant to do the job. some people who love new jersey, do you love having your gas pumped? >> i'm perfectly comfortable with new jersey keeping this policy. i love having a little chat when we are getting our car filled up. >> greg: i think it is great to pump your own gas. it makes you feel like you know something about cars. you get up there. you feel good twisting the cap off and then you pull the lever and you light up a cigarette. [laughter] and you take it in. sometimes i will just be smoking and just filling up a car and then i just -- when i'm done, i just toss the cigarette, hop in the car and off

dc and warner brothers both owned by cnn parent company warner bros. discovery. >>> and casey hunt is up next on "early start." all new show. >> so stay tuned. >> thanks for watching us on newsroom though. >> we'll see you tomorrow. - bye, bye cough. - later chest congestion. hello 12 hours of relief. 12 hours!! not coughing? hashtag still not coughing?! mucinex dm gives you 12 hours of relief from chest congestion and any type of cough, day or night. mucinex dm. it's comeback season. here's why you should switch fo to duckduckgo on all your devie duckduckgo comes with a built n engine like google, but it's pi and doesn't spy on your searchs and duckduckgo lets you browse like chrome, but it blocks cooi and creepy ads that follow youa from google and other companie. and there's no catch, it's fre. we make money from ads, but they don't follow you aroud join the millions of people taking back their privacy by downloading duckduckgo on all your devices today. >>> right now on "early start," weapons exs.

three-year contract after four days of negotiations that reportedly included the heads of disney, warner bros. discovery, netflix and universal. >> this was not the point they wanted. i think on both sides they thought they would have this over by thursday. now a is dragged further. >> reporter: the writers strike started in may and actors joined in july with sag-aftra launching its own strike. together they have risen the entertainment industry . for writers sticking points come down to residual pay, staffing and writers rooms and the use of artificial intelligence. >> i hope i can get back to work and that it is over soon but only with a fair contract. >> the world has changed dramatically over the decades. >> reporter: hollywood insiders say a deal with riders could help pave the way for actors. the screen actors guild said the studios will not meet with them to negotiate. by some estimates between hollywood strikes have caused the u.s. economy more than $5 billion. most of it in lost wages and max, most of that loss filled in the state of california. >> bradley, one more question. if writ

the ongoing sag actors strike could cause warner bros.earnings this year. this according to an exchange commission filing where the company cut its outlook and lowered its expected earnings between tended to half-billion and $11 billion. they attributable to million-dollar losses to the strikes themselves, the film and tv industry expected to see more than $3 billion in losses. now to the u.s. open, 20-year-old ben shelton upsets ten ranked francis in the battle of the american quarterfinal list, listen. what a shot. [cheering] >> shelton's stunning four set makes him the youngest to win since michael sheng way back in 1992. he will face novak djokovic for a spot in the finals tomorrow, as coco has her matchup against helena winning industry sets, the 19-year-old reaching her for semi-finals becoming the first american team to do so sent serena williams. fellow american madison keys after his match today. cheryl: were you there, did you go out. trump reporting from the field. here's what you need to know the honeydew is $22, that is me th

barbie is distributed by warner brothers pictures, which is owned by cnn's parent company warner brosching, i'm paula newton. i'll be right back with more news in a moment. want your clothes to smell freshly washed all day without heavy perfumes? try downy light in-wash freshness boosters. it has long-lasting light scent, no heavy perfumes, and no dyes. finally, a light scent that lasts all day. downy light! how can you sleep on such a firm setting? gab, m mine is almost the same as yours. almost is just another word for not as good as mine. save 50% othe sleep number limited edition smart bed. plus, free home delivery when you add a base. shop now only at sleep number. this is how tosin lost3 pounds on noom weight. i'm tosin. noom gave her a psycholocal approach to weight loss. noom has taught me how you think about food has such a... huge impact on your relationship with it. visit noom.com and start your trial today. remember the things you loved... ...before asthma got in the way? fasenra is an add-on treatment for asthma driven by eosinophils. it's designed to target and remove th