Week for the economy. The brexit vote, yellen on capitol hill coming up. Redstones made their big move last week, the latest on viacom and the nearterm future of a company that could come down to a Court Decision in delaware. And big weekend for disney. Some Box Office Records and game seven as you know for the ages. First up though stocks rallying around the globe on hopes for an antibrexit vote on thursday. A new poll by survation says 45 remain, 42 leave, but if you take all the polls together, still about a dead heat. Earlier this morning on squawk, black rock on the markets as we count down to thursdays vote. I think youll see more fiscal policy stimulus. If thats the case i do believe well see more inflags because we still have 4. 7 to 5 unemployment. Going to create more job demand and more wage inflation. If we have these infrastructures spent here in the uk, other places, i believe thats the beginning of another leg of a rally for equities. Definitely shows the hypersensitivity to these polls. That will be the case for the next few days. Yeah. I urge people to recognize there are actual Real Companies in the s p 500 and many of them are doing just okay. The most sensitive things obviously oil, oil going higher. Interest rates going higher. So i think you can say maybe the banks have a 45 minutes of good opening and the oil companies, well, they can have a day where they bounce back because when we get to 45 things started going back up. I dont like this rally, i think people should calm down. There is absolutely nothing that is so pertinent to our markets that you should buy up here. What are your thoughts as we move closer to the vote . 45 to 42, we saw the latest polls, not sure to read them in terms of how accurate theyre going to end up being. I just felt that the incredible changed everything. Well, first they stopped campaigning. When they stopped campaigning the remaining group seemed to move on but i believe its going to become kind of about her murder. And i dont think its talked about enough. I just think that changed the equation. I think people just said wait a second, this is crazy. We got to like calm down. Calm down means remain. There are other dynamics. This was a story in the times about brussels basically saying you are going to hurt, this is going to hurt job ifs you do this. So theres the labor party, and i was listening to wilt this morning talking about this. Look, theres just grave splits in different parties there and its much more than we understand. You have more conservative people and people who favor obviously keeping their jobs, and if you want to keep your job, you made it sound like, well, wait a second, you better remain. I also think thats good fodder for people saying i was brussels to, you know, pull us around like this, boss us around, but i do think youre starting to get the real numbers of what could hurt. It hurts more to exit than remain. Though that doesnt mean theyre not going to vote to exit. No one ever wants you know, today they were talking eloquently about the migration migrant problem this morning on squawk on the street, saying lets peel it away, its not about the panel. Its about people say, listen, if were part of the eu, then were part of it lock, stock and barrel. No, immigration seems to be one of the key issues in terms of dividing. Yeah. Much more of a trump issue to use the coverage i saw in usa today. Last week you said dont despair over the polls, this week youre saying dont i dont want someone to come in up big today. I think youll get a better chance i dont mind the stock market. I feel like im the only one that doesnt mind. I look at some of these european stocks and i feel if people feel, hey, we should be up that much too youre going to be sorely mistaken. For instance you hated apple on friday, which everybody seemed to do, you cant love it off of brexit. Using apple as an example of one of the stocks people feel is a value trap, that it doesnt work, that its really all over. And maybe it is for the moment, but i do feel that we have to understand that this does not change things. Can yellen say anything tomorrow or wednesday with this vote hanging . Someones going to ask her would you reconsider everything you said post the election post the referendum on thursday. Yeah. Just start the clock again. Its not like last night where theres an ending. You know, the game ended and we did not at that point, well, how about the wednesday game and the tuesday game. You know, the game ended. Wasnt it joyful to watch some other thing that happens in our lives that ends . Theyre not going to get together again on tuesday and wednesday on capitol hill and discuss, you know, it was over. By the way over fast too. It wasnt one of those games where endless timeouts and took 40 minutes to play the last five minutes, it just happened. 46 seconds left and it was 46 seconds. They took the time pretty much. It was a joy to watch that game. Pause for worries about broken wrists in that yes, that final fall he took. Right here. Theyre calling it the block, maybe one of the best best game seven in almost a generation. Yeah, its funny how nba came back in our kosh shens when you say i see guys saying buy nike, sell ua, its emotional. Theres new curry sneakers kind of dovetailed on the results of last nights game, i think. Oh, man, what a game. That right there. That got you. Watching him on the floor. And then here he breaks down. I want to buy Cleveland Cleveland is the only thing here ill buy this much. Really . On future performance . You think buying cleveland was the buy yesterday, maybe not today . Since 1964 i think you can stay in cleveland for more than a day. Interesting now. The championships belong to kansas city, denver, cleveland and pittsburgh. And pittsburgh, wae. What happened to the coasts . Yeah, short the coasts. It does bring us by the way to abc and disney, which also had new yeah, thats the way we did that. Finding dory making history, sequel to finding nemo, highest debuting animated film ever in north america, previous record holder was shrek 3. Did you go . Not yet. I have to tell you this is the great tug of war of stocks ive seen. Youve got finding dory and shanghai. Against that you keep hearing chatter that espn lost another subscriber during the game. They might have lost someone. And that seems to not to be too cute about it but its espn subs versus movie slates. And i think the movie slate should trump, but it doesnt matter. People feel disney become a value trap. Really . A value trap . Because every time you get excited you find espn the bundle. David, i missed you in the understood l. Well, im back. Happy to talk about the ever dwindling bundle any time you want. I appreciate that. I feel in the end im watching abc and thinking, okay, if this were on espn remember when people put the bcs in espn and very exciting you got to hand it to her. Those guys are really tall and big and she managed to get right in that crowd. I like that. But i just think thats neither here nor thats nothing. You went to doris burk from finding dory. Abc, espn, shanghai. You come back and say, oh, man, youve got that interval where youre not thinking about espn for a nanosecond. Abc doing better, theme park doing better, finding dory and get inkling espn is not doing so well and its like abc is like a pimple on the you know what of espn. Its not going to move the needle at all. Dont know what would. Espn is huge and the theme parks and movie are very important. Abc not so much. Thats the equivalence issue. Skb i dont know how to value box Office Versus espn and whether this was finding dory, we knew it was going to be huge and its huge. Isnt that worth something . Earnings per share you can kind of bank on. Sports Business Journal is citing some sources last nights overnight ratings which would put it in the neighborhood of the highest since 98 for an nba final. Is that true . Yeah. Pretty good numbers. Sheesh, cleveland, thats a small market. A team with it was kind of like, you know, the old versus new. I mean, it was Silicon Valley being trumped by american industry. Coming back from down 31, dont forget that. That was what was incredible. America should be triumphant over Silicon Valley, right . I guess. Is it a contest like that . Were all part of the same nation. Shouldnt we be focused on the external foes . I did like it. Industrial america versus yeah, Industrial America versus the big, rich billionaires who do nothing but, you know, move stuff from this computer to no, no, youre talking about hedge funds. Thats different than the guys in Silicon Valley wlo do create huge companys that do create a lot of value. Allegheny rhythms, turn people into simulations. When you were looking away i thought maybe it was a simulation. Im here, baby, back, better than ever. This is the west coast and this is a little more like cleveland, right . This is cleveland here, dont you think . This is part of cleveland. What is that an i like the tape. Oh, thats total cleveland. Because, you know, its just hard scrabble, 1964. Like how bad some statistics most people were not alive when the last time cleveland won something, i think that says something about american industry. Maybe its about natural gas and bringing jobs back and inshoring. Im all for that too. Metaphorical. One of the most exciting nights ever. Were going to count down to what looks like a big open on wall street today. A rally is stacked, well see how we open in just about 18 minutes. More squawk on the street from post nine, dont go away. Using 60,000 points from my chase ink card i bought all the fruit. Veggies. And herbs needed to create a popup pickyourown juice bar in the middle of the city, so now everyone knows. We have some of the freshest juice in town. See what the power of points can do for your business. Learn more at chase. Com ink mamost of the show. We missed can do for your business. woman and theres no way to restart it. jon bon jovi with directv there is. You see, weve got the power to turn back time so lets restart the show that started at nine and while were at it, lets give you back your do and give her back the guy she liked before you hey, thats the power to turn back time. vo get the ultimate allincluded bundle. Call 1800directv. Well, its going to be a busy week perhaps in delaware. Not just e. T. And williams, well get to that later, but of course viacom will be in the spotlight. No data as of yet. The Delaware Court has assigned the honorable andre bushard as the chancellor who will oversee the lawsuit that has been brought frankly by both sides in this ongoing despispute we toldu for weeks that culminated on thursday when i was out by its Controlling ShareholderNational Amusements. It is that that is at issue and will be decided by this delaware chancellor. And, guys, speaking specifically about the case itself and talking to people, it seems like an uphill battle for viacoms and fred the lead director leading the charge to say essentially you do not have the right to remove us because National Amusements youre Controlling Shareholder in the form of mr. Redstone is not competent to do so. In the sense of the concept of whether they would look to the competence of a shareholder some lawyers have told me is patently absurd. Think about a future proxy case where you say, jim, you know, whatever it might be, some Public Company youre involved with. Youve got a proxy case and say those shareholders that say about your shares that guys not competent. Delaware court is not going to be in position to review the competence necessarily. National amusements is a company with a board of directors, its an operating company and it seems likely though we certainly cant prejudge, likely that they are going to say were not ruling on anybodys competence here. This is your Controlling Shareholder. They tossed five members of your board. Thats it. Youre out. It becomes unclear what mr. Solernos director is really thinking here along with his lawyers, but well see. Thats the new viacom board. Its the old one still in effect until we get the ruling from delaware. And then of course when they are seated as they are likely to be, as they are likely to be, then the question becomes who become the ceo, and frankly i believe it will be an interim ceo. One of these Board Members perhaps . Yes, i think its possible. It could even be heres speculation, i mean, would dooley, hes been the c. O. O. , but would he take over at interim i dont know at this point. Guys, the key question for many people is are they moving towards trying to put together once they have replaced these five directors with the asings of the Delaware Court, will they try to put cbs and viacom back together . Thats what i keep hearing. I think that that is something thats got to be looked at very carefully. You do . Yeah. I think that it is, again, the reporting is yet to be fully done. Were not down the road yet. But you have to consider that that is a strong possibility. Let me leave it at that. But they do that, i mean, cbs has been a winner, viacom i regard as a loser though theres an interview we read just a few years ago they werent. But cbs is about programming i cant miss. And viacoms all about programming that i can watch whenever i want. Its all true. And cbs would be inheriting a lot of the weaknesses of viacom that we know about that have resulted in the stock price being down though frankly the stock price has been up lately, which is another question, who are you protecting here . The stock keeps moving up every time we hear the board is going to be replaced, so who are you protecting . He says hes doing it of course because hes protecting shareholders who are being unfairly manipulated by Shari Redstone who is manipul e manipulating her father who is not competent. Yes . It does seem i looked at the back bios of the people that they put on the board. Total heavyweights. Not bad. No, not bad. Theyre not check the box people. Over the weekend it looks like alan murray at fortune had an interview with dauman. I have not been able to speak with philippe, weve detailed moneys of millions of dollars that has been a failure of the stock price to achieve anything here, even its peers returns. What people fail to see says the vast majority my compensations based on performance. I dont realize that unless the stock performs, so when the stock does not perform, i do not in fact collect the money that im being reported as having received. In fact, ive suffered along with shareholders because i have a lot of shares myself and in reality ive lost far more than the 54 million in this period. Thats not inappropriate. Ill be reward firstdegree and when the stock recovers. He sold a lot of stock. He did. I remember when he sold a lot of stock and exercised options and sold early, so ill go back and look. But i remember it. Im just reading this quote because this just came out. So, yeah, all right, he may own stock, he may be suffering but he also sold an awful lot of stock as well. I dont know, geez, i mean, the guy is well paid by the way stands to reap even more rewards if he is and when he is most likely dismissed. Fired . Yeah. Winwin for him. I would love that contract. So would 317 million other people in this country, right . Then the question becomes do they try to put cbs and viacom back together. Obviously the person who would run the combined company, i look forward to speaking to mr. Moonv moonves. Youll probably get him today. I would like to speak to him. Well, im stopping trading the moment you do. That would be the best interview in the world right now. Hes not going to say anything right now. Thats the thing. When we come back well get cramers mad dash and count down to the opening bell, one more look at the premarket as we get some green arrows both here and europe and in asia to some degrees as well. Back in a minute. 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I like girls that wear a six and a half minutes before the opening bell start trading for what could be a tumultuous week. Quiet day so far this morning. Yes, it is. Little nike on the mad dash. Piper comes out saying its a little too cheap. This stock has been under pressure for a very long time. Actually, since it reported last. The domestic wear coming back, i thought foot locker was an attractive story, the nike domestic, china is an attractive story, but i think this stock has really been beat down. Im kind of more leaning toward the idea that lebron and basketball, maybe high ratings, basketball sneakers have been