Wellcome to squawk alley for this thursday. Kayla tausche, and along with vanity fair correspondent nick out west. Good morning to you. Good morning. And now, redstone says that he no longer trusts the ceo, and he says that he is determined to trust in the company and not the shareholders to do the best for them. And so yesterday on fast money we spoke to tom freston. Well, the lawsuits and Everything Else has been a side show compared to the real story which is the fall of viacom from grace over the last several years that have been really one of the leading Television Networking companies in the business and now it is falling to a level below the peers on almost every metric plagued by all problems including the creative departures. And freston is outspoken, nick, and how does this move the ball forward . To what degree will we see any resolution in this saga . I, all i can hope for is that there is someone in that building with a video camera filming this whole thing, because it is
Tonight, Hillary Clinton officially accepts her partys nomination, and just minutes from now, were going to speak with one of wall streets biggest backers of the clinton campai campaign, mark lazri. Thats katy perry doing a sound check. Shes wearing a black baseball cap that says hrc for Hillary Rodham clinton. Im assuming you can hear her roar. Right now, in fact. Welcome to the busiest earnings day of the quarter. The dow is down, but apple continuing its solid run. Your big dow laggard right now happens to be boeing, down about 2 . Lets get downtown, and our own bob pisani with a scorecard on earnings season as we officially reach the halfway mark. Bob, how are we doing . The numbers are slowly improving, but still negative. Lets look at the Second Quarter scorecard. The s p 500 as a whole, these are Companies Reporting as well as companies that havent yet reported, what we call the blended earnings rate, down 2. 8 . Thats not good. Its still negative, but its better than it was a f
Julie quite a comeback for oil and in a short time. We were just talking at the beginning of the month about how oil entered a bear market. Not even three weeks later, its already back. Oil rising again today above 38 a barrel. Has been helping speculation about some kind of action on production to stabilize crisis. A simple chart but i think its amazing the magnitude of the moves oil has had. Through earlier in the summer. A 23 drop through august 2. A multiple bear and bull cycle compressed into the past year for oil. We are not seeing much of a roller coaster in terms of magnitude. Today from thee high to the low in the s p 500 is the second narrowest we have seen all year. E are looking at the range this just looks at the daily and low. Ween the high the dotted line is the sixmonth average and the range has been getting smaller and smaller. Less than a 1 move by the close in the s p 500. And its been a relatively quiet day for stocks in general. If you look at the individual movers
Las vegas. Unless the nfl drastically changes the way that they look at las vegas there is zero chance that the nfl would make a home in this city. Former fox5 sportscaster Jon Castagnino says when it comes to las vegas the nfl shows us no love the nfl has stepped in multiple times to kind of stop what las vegas is doing right. Were not allowed advertise any casinos during the super bowl, they even stepped in to cancel tony romos fantasy event within the last 12 months or so. I mean the nfl is anti las vegas that being said if there is anybody that could change that stance youd have to think it would be sheldon adelson. According to Forbes Magazine he is the 15th richest man in the world worth more than 26 billion dollars and with that label and money he has a lot of clout. Andelson is going to need to work the nfl very hard. Hes a powerful guy hes got a lot of money but the nfl is a little bit bigger than sheldon adelson. On the street we got mixed reaction to the remote possibility t
The gentleman reserves the balance of his time. The gentleman from oklahoma is recognized. Mr. Lucas mr. Speaker, im prepared to close whenever its appropriate. So i will continue to reserve until then. The speaker pro tempore the gentleman reserves the balance of his time. The gentleman from new york is recognized. Mr. Tonko mr. Speaker, i yield one minute to the gentleman from rhode island, mr. Cicilline. Mr. Cicilline i thank the gentleman. Mr. Speaker, the outsourcing of American Manufacturing jobs has not only resulted in job losses and lower wages at home, its threatening americas standing as an economic superpower on the global stage. The chips and science this bill is the bold action we need to provide a strong Economic Future for american families, small businesses, and workers. Critically, this legislation includes an estimated 1. 8 billion for the National Science foundations established program to stimulate competitive research. Otherwise known as epscore, which helps small