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
That were set just when those minutes came out. You were watching the yield on the ten year as well. It looked like people were anticipating, oh, this is going to suggest theyre going to be soon. So the yields moved higher and then, bam, they fall off a cliff right after the minutes come out and now they are back to where they were before. Market cant decide. As that dollar moved lower oil moved to a high we havent seen since july. The euro at a two week high against the dollar, all kinds of movements and benchmarks set today. Netflix announce ago 1 price hike for some customers and those customers may not be happy about it but investors are happy about it because the stock around around midday on that news. More details coming up. And we havent forgotten about the big story out of washington today, House Majority leader Kevin Mccarthy dropping out of the race for speaker. Now who could take that job . John boehner is going to have to stay there until somebody is elected. Who better to