investigation. as several testified to what they witnessed in the trump administration s dealings with ukraine. during the hearings a new book was published from inside the trump administration. it is entitled kate a warning. and the same person wrote an op-ed last year saying donald trump must not be ler re-elected. the times identified the author as a senior trump administration official. in the new book the author says conservatives dreaming donald trump is our savior needs to wake up. not only is he not a conservative, he represents a long-term threat to the republican party. those cheering him onto a second-term with foaming at the mouth excitement that he is totally owning the left are unknowingly nailing coffins into the gop. the author admits to being wrong in 2018 when the author claimed that a quiet resistance inside the administration was keeping donald trump in check. elected bureaucrats and cabinet appointees were never going to steer donald trump in the right
They feel entitled to help themselves to whatever impulse that they want to act on. by the way, they get away with it. you see in the story. there are neighbors around them. it s the people that knew this was going on and cover up this, who looked the other way, or who say, we don t really care. and i think that is not just in media companies, although fox news has had its own major problems, but even in a company like mcdonald s. they ve had a scandals in the ceo suite. i think the me too movement is finally bringing a lot of this into the open. james b. stewart, this is quite the book. it s a stunning tale. congratulations. great to see you. thank you. when we come back, the incredible story of how one group is making the ski slopes when the 11th hour continues.
Viacom founder reign of a media giant. the authors point out that the story is more common than you think, writing this the drama that unfolded may have occurred at viacom and cbs, but the recent drumbeats of greed, backstabbing, plotting and betrayal at the upper levels of american business and society has hardly been confined to one or two companies, or one wealthy family and its hangers on. the coauthor james stewart joins me now. this story is unbelievable. for the average person out there they don t know who emmett redstone is but they know and see shows like suspicion succession. and they say, is this really how powerful empires and families were? and the truth is, based on this book, it is so much more twisted! it s even stranger. i love succession. this goes way beyond succession. and red stone in its heyday over 14 billion dollars and he was arguably the most powerful
almost 4% overnight and it is now down 17% from its recent high. our road map begins with the markets kicking off june today after that close call at the end of may, despite a 200-plus point drop. the markets are still on a five-month hot streak. merck, amgen and bristol all set to start off the month after positive news of clinical oncology meeting. investors could yank $4 billion from steve cohen today that would leave him with mostly his own money left to work with. that s still plenty. apple in court today to defend against accusations of price fixing of ebooks. a trial could be three weeks in duration. all right. as we enter june, the stock markets have yet to experience the losing month so far this year, but the last trading day of may, and you probably know it ended with a 209-point sell-off in the dow and the losses accelerated in the final hour of the worst session for the blue chips and the s&p since april 15th. futures as you saw moving higher this mornin
the s&p gained 0.14% and the nasdaq rose 0.08%. isn t that why we came back strong? the price at the pump keeps spiking. i paid $3.90 this weekend. it s got to be killing someone, doesn t it? at one time this would have sent this market plummeting. these are real bad ones out of some mexican meeting. and everyone stayed down in anticipation of a terrible european market tomorrow. instead we ignore oil. we turned our noses up at the europeans and we just keep plowing higher. okay, europe is easy to excuse these days. they may not have a lot of growth over there. they may not have much in the way of unity. without it you can see why the g-20 doesn t want to get behind europe until the germans wrangle everyone for the greek bailout. for the united states stock market, we ll do fine as long as there isn t a huge blowup in europe. it sure doesn t look like there will be one. and that s a major change. that s colored of all of 2012. but this gasoline thing. and yeah, i m from phila