joining us jon steinberg the ceo of daily mail north america. kayla tausche is here. n fortt is in barcelona at the mobile world congress. hearing from john in a moment. let's begin with the markets today. red again as sara and simon just said. biggest two-day decline for the markets since january 27th and 28th. for most of the day, not a single dow component has been in the green. oil, stubbornly hanging on to 50 or at least close to it after an amazing build in inventories and bertha keeping us honest on the nasdaq. good morning. >> good morning. the nasdaq only closed above the 5,000 level twice back in 2000, has yet to be able to put together a second day as we were lower today. one of the things we're seeing here is the nasdaq big caps are actually outperforming just modestly some of the other small caps and the large caps today. facebook, yahoo! among the gainers. apple back above $129. that's helping bring the whole composite back above from the low. cisco one of the major drags today as well. but again, we're seeing the selling happening in the chip sector. chi

welcome, also here for the hour is our friend jon steinberg, ceo of the daily mail north america. with me as always, kayla tausche. hey, everybody. let's start with news alert on facebook. reporting i've learned facebook messenger now has more than 600 million monthly active users from 500 million back in november. this comes as the company is expected to officially turn messenger into a platform during an announcement at the developers conference later today. ceo mark zuckerberg will give his keynote at 1:00 p.m. eastern, 10:00 a.m. pacific. this is especially important, i think, because it shows that facebook isn't just buying growth. of course, instagram was a big win for them before the ipo. whatsapp a year ago has continued to grow. this is organic growth from facebook and adding 100 million users in four months, i mean that's -- >> and taking a line out of the playbook of the asian messenger players, making it a platform, payments, ordering a taxi, potentially shopping as well, they already have stickers in messenger which is similar to what line and we chat do as well. my q

jon steinberg is giving a tour of the daily mail offices right now.rkat did comment on this launch saying the fact that now live video is part of the conversation, is most exciting for us and we don't think there will just be one winner. it's healthy for there to be a lot of players involved for it to become mainstream. julia boorstin talked to the ceo of periscope and joins us live in l.a. with the details. julia? >> thanks so much. the big question here is whether periscope can catch up with meerkat's advantage. we are periscoping right now. my twitter followers started a public live stream. differentiating from meerkat only live public broadcast periscope videos are available for 24 hours. they can be saved to a personal library and the option of broadcasting privately to just a small group. the ceo says that periscope is faster than meerkat making posting comments or sending more engaging. >> if you're watching me broadcast and i'm giving you a tour of my office you can say take me to that room over there and two seconds later i take you there. th

joining us jon steinberg the ceo of daily mail north america. kayla tausche is here. congress. hearing from john in a moment. let's begin with the markets today. red again as sara and simon just said. biggest two-day decline for the markets since january 27th and 28th. for most of the day, not a single dow component has been in the green. oil, stubbornly hanging on to 50 or at least close to it after an amazing build in inventories and bertha keeping us honest on

we'll get jon steinberg's and nick billton's thoughts.estors in twitter been vocal about the move in the stock and projects in the pipeline at that company. you will not want to miss that. number three on the forbes list of the top tech investors. we will hear from him on "squawk alley" coming up next. ♪ at mfs, we believe in the power of active management. every day, our teams collaborate around the world to actively uncover, discuss and debate investment opportunities. which leads to better decisions for our clients. it's a uniquely collaborative approach you won't find anywhere else. put our global active management expertise to work for you. mfs. there is no expertise without collaboration. . >>> good morning. it's 8:00 a.m. at the facebook developers conference in san francisco, california. 11:00 a.m. here on wall street. and "squawk alley" is live. ♪ ♪ >>> welcome to "squawk alley." and what a show we've got for you this morning. why sam altman one of the top names in the start-up world is with us in a first on cnbc interview. chris