. >> i'm julia boorstin in texas. going up in a helicopter, why lockheed martin. that's coming up on "nightly business report." >>> want to know what's trending in technology, media and investing? look no further than the south by southwest conference in austin. it started as a music festival but now it is a place where gadgets are put on display. and this year, companies are going big. >>> south by southwest gathered nearly 1,000 attendees, big brands trying get attention of the early adopters who are here. and it has become a key battle ground for media giants new, ask old, to market the originals. amazon created this restanls radio headquarters to promote original theories. man in the high castle. a film festival oasis. netflix is premiering five shows and he showing 13 reasons why. these lockers are spread around austin. meanwhile, the throne from "game of thrones," and turner is here he promoting a range of new content. saying this audience reaching this audience directly is more important than ever. >> we deal with the earliest audience in plurals or generat

julia boorstin is in los angeles with more. >> reporter: hey, scott. a single analyst has yet given snap a buy rating, making it the only u.s. snap with a market cap of $20 million with no recommendations. it dipped into the red for the first time, ending the day down more than 12%. this after it soared to close friday about 60% above its ipo price, partly on news that cnbc' parent company, nbc universal, took a $500 million stake in the company. but this weekend, barron's published an article slamming snap shares as, quote, ridiculously valued. just this morning, knee municipal said the stock is like a lottery ticket, cautioning about fundamental risks, such as people stealing its best ideas and no clear path to profitability before 2020. reports last week were also negative as analysts honed in on concerns about valuation and competition. nomura giving the stock a $16 price target, pivotal, celebrating at a $10 price target, and aegis initiating a hold rating for the end of this year. now we're waiting to hear from the analysts from the 26 banks that

julia boorstin has the story. >> hey. the new fcc chair is much more relaxed attitude than his predecessor. the first sign, he decided not to review the at&t time warnler merger and now there are plenty of reasons we could see other teleco deals. er wireless companies struggle with rising costs is that price wars. we could see more immediate disease as streaming media provides differential. >> the marketplace right now is extremely competitive, delivering unparalleled to consumers. if you look at the last couple weeks, they are vigorously competing to give new or expanded unlimited data plans. >> what's next, verizon's lowell mcadam is looking for deals saying the conference in december will look for opportunities and put the money into an area where we think we can scale. it is critical to long term success. he has talked about the value in combining verizon with charter. we could see t-mobile look at dish again. we could see the long discussed t-mobile sprint merger emerge as an option again. >> they will not pretend to

i'm julia boorstin in los angeles. >>> turn no r frankel to talk many about what the ad problems may mean. he's a brand extrav gist at rob frank frankel.com. how big a deal is this for google and youtube? if they're starting to see big dpaens le at&t, verizon and johnson & johnson and others melt away, that's serious. or is it? >> from a pr standpoint, i'm sure you're correct. but one of the worst secrets in all of advertising is nobody really knows how well that works. so, if they decide that you know, for the public, they want to try to remedy the situation, for them, how much are boycotts really going hurt and how long these guys are going to stay out of the game, i don't think so is going to be that much. >> do do you think then that they're using this content adjacentsy issue as a cover potentially for the idea that the ads just aren't working and if the ads were working better, they'd stick. >> well, yeah, i think that's a very astute observation. face it, the business of business is dollars over the trans m and if nobody is is going to be that quick to pull something on a poli

for that, i think it's working for them. >> julia boorstin 1,000 feet above austin, texas. > president trump set to meet with germany's chancellor later this week. >>> william cohen weighs in on how important the meeting is on the future of our alliance with germany. >>> and fired u.s. attorney preet bharara expected to depart his office. we'll bring that live as it happens. stay with us. both on the track and thousands of miles away. with the help of at&t, red bull racing can share critical information about every inch of the car from virtually anywhere. brakes are getting warm. confirmed, daniel you need to cool your brakes. understood, brake bias back 2 clicks. giving them the agility to have speed & precision. because no one knows & like at&t. so what else is new? humm..she's doing good. she needs more care though. she wants to stay in her house. i don't know even where to start with that. first, let's take a look at your financial plan and see what we can do. ok, so we've got... we'll listen. we'll talk. we'll plan. baird. experience exciting offers on sales event is he

julia boorstin has been monitoring the meeting and joins us from los angeles with the headlines. lia? >> that's right, in ceo bob iger's opening remarks he talked about the potential for espn in this digital age, amid layoffs and subscriber declines. >> espn on a variety of new multichannel platforms, services and a growing number of mobile apps. by the end of this year, we'll also be streaming a new espn branded experience directly to consumers through our partnership with major league baseball. >> iger defended his decision to participate in president trump's business council, responding to a shareholder saying half a million people signed a petition demanding he step down. >> i made a decision that i thought was in the best interest of our company and of industry to have an opportunity to express specific point of views directly to the president of the united states and to his administration. and i did not believe nor do i believe that my membership in that group in any way endorses or supports any specific policy of the president or his administration. >> the big question for

julia boorstin, speaking of tech, has another news alert. hi hi, julia. >> that's right. snap just announcing its launching a search for stories. now allowing users to search publicly shared snaps. there are over 1 million stories on snap chat as the company used new artificial intelligence to cure rate snap that is 158 daily users share. snap doesn't mention anything about ad, but this opens the door to new snaps that could be severed alopg with the results. shares are up over half a percent. up over 30% from the ipo price of $17 a share. >> thanks so much. josh, you alluded to the only thing i could think of is that snap and ib sinsta and zuckerbeg and speeg l are going to be going back and forth this entire way. >> the only thing that i can think of would be the user anduin for young people sick of being on the same networks with their parents, you had to know their handle in order to connect with them. so if you're now going to change that, and make people's stories searchable, this could be one more thing that pushes ma len yals to say maybe snap is not quite the gar

julia boorstin in los angeles. so one of the early investors hates the stock.the worst stock own. is now the time to buy? >> i said it was time $6 ago. so i'm probably the wrong person to ask. this proves it. they should never go with monthly average users. google doesn't do it. floss reason for twitter to do it nouflt it is manifesting itself with these botts. i think taking flyer here is not the worst thing. >> it is mondetization. i think she's off by maybe double that number. >> come on! >> i would say this. 320 million right now, monthly active users. least 100 million are -- >> so what do you believe about facebook's users? are you telling me twitter alone has the problem? >> i think it is primarily a twitter problem. yes. >> we've double this bit on this show. in some ways -- >> how about you get rid of the bots, charge a monthly cost. some sort of a cost to be on twitter. the bots go off because they don't want to pay it. >> i think the ceo situation untenable. if you're on the board and you've been struggling, do you think it is okay to have a halftime

julia boorstin is in los angeles with more. julia? >> hey, kelly.half of the highest paid american jobs now requiring some coding knowledge, toy start ups are lining up to offer kids fun ways to learn those vietnam b valuable skills and parents and schools are buying. the global market for child development toys is projegted to reach $40 billion by 2019. a number of start ups are taking on industry giants lego and fisher price and trying to break tech education free from the tablet. now, osmo conneipads with real objects. it's raised nearly 40 million from mattel and "sesame street." the most popular kit costs $189! we believe that there's a huge influence on children's growth and learning and that's where the value is and we've seen that parents are willing to pay premium if there is inherently a learning value. >> wonder workshop brings coding so life by teach iing kids to program robots, dot and dash, with mobile devices thchlt pairs $200 and has been adopted by 10,000 schools worldwide, including some 7,000 u.s. elementary schools. >> these robo

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julia boorstin joins us live to explain. >> reporter: hey, kelly, that's right. block from the venice beach boardwalk. as you can tell from the protesters behind me, many folks in the community are not so happy with the company's gentrifying effect on the artsy bohemian neighborhood. the company after its first day of trading is valued at about $34 billion. co-founders evan spiegel, bobby murphy, now each worth about $5.4 billion. now, there was a group of protesters here today complaining about snap killing mom and pop businesses, driving up local rent, saying that snap and its security guards don't fit in. >> the artwork on the walls, it's not going to be like that in a year if they change this whole place. it's just going to be, like, huntington beach or newport beach or blah, blah, blah, you know? nobody is going to be here. not going to be any excitement. that got to stop this, man. >> reporter: snap saying, "we don't just have our headquarters here, many of us call venice home. we've been grateful to be part of this community for over the last four years an

julia boorstin has the story from los angeles!ould lose $750 million because of its advertiser boycott. that would be about 110% of its 2017 revenue. the mass exodus continues amid concerns that ads are being placed next to extremist content. on friday -- suspended the ads and fx isn't spending any money on any of google's platforms. proctor and gamble says it could make changes if it finds ads that don't go with dwlooins. they are taking steps to prevent this from happening, a friday record foupd google was still placing adding for high profile brands on racist youtube videos. some say the boycott's financial impact is likely still modest. the longer it drags out, the more of a toll it will take. the timing is unfortunate. during the may, up front and new ad selling period is when ads lock in a chunk of their annual ad buys. google may have to provide more accountability and brands are likely to push for a discount. they warn other special platforms that feature generated content could face higher skutny, but this could be an opp

i think returning to julia boorstin on some of this as we make sense on what iger's going to be around a while, julia. >> that's right. there's been a lot of talk and speculation about who was going to replace bob iger when his contract expired at the end of june 2018. and so, the fact that this is being extended for a year is not a big surprise because there was no obvious successor for iger. there is also the fact that disney has done phenomenally well under his leadership. now, in the past couple of times i've sat down and interviewed bob iger, he's talked about how much he's enjoyed running disney and about how there is so much potential ahead. just a couple weeks ago in the company's shareholder meeting, he dropped some hints that this news would be coming. he said he sees massive potential for disney ahead for all of its different divisions, and sort of indicated that he's started certain things, such as the park in shanghai, such as doing more digital initiatives with espn and with the media networks, that he would like to see out. so, this is not a big surprise. but certainly,

julia boorstin knows this company better than just about anybody. let's get to her out west.y, julia. >> hey, carl, that's right. snap's ipo is the biggest ever for a los angeles based company and it's expected to be a game changer for the los angeles start-up scene. now, snap's headquarters are all around me, all of these different buildings. you'd never guess it from this hodgepodge of unmarked buildings. employees are spread throughout the beach side venice with real estate prices more expensive here in venice per square foot than they are in san francisco. now, snap's headquarters are so unusual and diffuse that the company actually pointed to the layout as a risk factor in its s-1 but also noted outside of silicon valley there's less competition for local talent. but some of snap's neighbors have not been happy with the company's gentry fiing effect on venice, known for its bohemian artsy feel dating back to the '60s. protest scheduled for here later this morning. organizers complaining about snap employees increasing traffic and competition for already sparse parking sp

julia boorstin has that story. >> that's right, nbc universal, parent of cnbc, invested $500 millionof a strategic investment in partnership, making them the only media company with a stake into the ipo. such appeal to big media is its remarkable hold on millenials. 24 and under visited snap chat 20 times per day and spent 30 minutes in the app on average, which may make the stock more appealing to first-time investors. robinhood, stock trading out popular with millennials said 32% bought snap stock, behind only apple and amd. it appears that consumers may be swapping pacebook for snap. the day before snap's ipo, there were 54% more sales of facebook stock than the prior day. it's not just robinhood seeing this trend. transactions on stockpile yesterday were 10 times their daily average all because of snap chat and 56% of users buying snap chat were millenials or younger. one millenial finance expert we talked to said they have low risk tolerance for the stock market and snap could drive an individual wave of new stock picking. >> let's see. viewers of cnbc, thank you, jewela. >>> lo

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julia boorstin joins us with the highlights. >> bob eicher laid out disney's success and his optimismto the potential for him to extend his contract saying being ceo is the thrill of a lifetime. politics was a hot topic in the q & a session. iger saying he is using the opportunity on the business council to take an adversarial approach. he came out swinging when a shareholder said abc news is biased. >> we are lucky we are privileged as citizens of the united states to live in a society where the press can act in an adversarial role in a number of different ways. the press' position is not necessarily to agree with everything that is being done. when they do that, they are suddenly, i think, branded buys biased. i don't agree with that. >> iger was bullish about espn. he said the direct to consumer live sports app in the works will launch by year end. he gave shareholders a sneak peek of the next "star wars" coming in december. fans have been excited. about ray, chewbacca. iger says the film is worth the wait. >> let's bring in james stewart, the "new york times" columnist, pulitzer p

julia boorstin has that for us now. julia? >> kelly, millennials are addicted to snapchat.ending an average of 30 minutes a day on the app. many are checking out the stock. robin hood, a stock trading out particular with millennials reports to "the apprentice"that 43% who traded yesterday bought snap stock. the day before snap's ipo there were 54% more sales of facebook stock than the day before that on the app. it's not just robin hood seeing a surge here. stockpile, a company that offers gift cards for stock purchases targeting teenagers and younger investors says transactions on stockpile yesterday were ten times their daily average and all because of snapchat. >> when we see something ipo like snapchat, that is certain lay way that millennials will be incentivized to start investing because it's something they know and use and understand so they may be more comfortable doing a little bit of individual stock picking that way. >> we talked to one millennial who said he bought the stock because unlike twitter and facebook, snapchat keeps people's eyes glued to the screen.

bringing in julia boorstin for more. >> we've been monitoring snapchat over the years. the first time we are starting to see the reaction of analysts. analysts have been very much focused on what distinguishes snap from the other social networks. snap has dramatic appeal and engagement with younger users which is a huge advantage. this is a demographic that's very hard to reach with traditional advertising. analysts are starting to raise concerns about the fact that snap has such saturation in the u.s. market with the younger demographic that there may not be that much room to grow here in the u.s. there are also questions about the fact that facebook and instagram, which facebook owns, has started to copy some of snapchat's more popular features, such as the stories feature way of sharing with friends. analysts are starting to ask questions about whether the fact that facebook and others can copy snapchat at scale is going to really impact their growth, especially overseas where facebook and instagram already have a much bigger audience. a number of things to watch. it

. >> all right, julia boorstin.or large providers like at&t and verizon that are betting big on monetizing data. amy young says further deregulation could open the door to more mna in the sector. amy joins us now. great to have you with us. is it about better telling ads? >> i would say it is a first time in probably over a decade where you have a republican-led fcc, and certainly at&t and verizon have so much user data on how you use your mobile phone and what browsers you look at, what internet sites you are interested in. they've been sitting on so much data and this opens the way for them to actually monetize it. >> this really justifies or reinforces the value of content, and so therefore you think that some more deals in terms of a provider buying a wireless -- you know, the content-sort of deals that at&t, time warner represented could be in the future? >> certainly. i mean i think at&t now has a platform with their penlding acquisition of time warner entertainment and then verizon with their aol and yahoo!.

julia boorstin has the preview. >> well, thursday night screenings have grossed over $16 million justn, the hit 1991 movie could gross as much as $150 million in the u.s. this weekend which within one of the biggest spring openings ever. the film starring emma watson drawing a new generation and the original fans. a big win for disney had spent an estimated $300 million to make and margaret the film. now, "beauty and the beast" is expected to buy customer product sales and help maintain momentum for the other live action adaptations in the work. it has a 69% positive critics rating. with 82% of audiences saying they like it, word of muth should be shopping. >> word of mouth strong in your household. >> it certainly is. the buzz anticipation was very strong. did get a chance to see a screening of it and it was definitely two paws up, i think. every dollar of the production cost is evident on the screen and i think it is the perfect interval. 26 years after the original. >> 26 years? >> to have another generation. >> that's not the original. the original was 1946. >> then why isn't anyo

julia boorstin joins us live from los angeles, home of snap. >> that's right. home of snap.far are mixed. the four reports we've seen so far painting a picture of some unique advantages over rivals but also major challenges. snap snap i snap's biggest strength is the fact that users younger than 25 visit snap more than 20 times a day, spending more than 30 minutes on average. atlantic equity praises snap's strong position among gen z. snap already reaches as much as three-quarters of the 13 to 24-year-old demographic here in the u.s., which raises concerns about its ability to expand beyond that core audience. they also point to the threat that facebook poses. quote, facebook has scaled impressive levels in a matter of months, potentially putting snap's international growth story in jeopardy. another report from mkm partners also points to copy cat features introduced by instagram and others, saying snap's growth hinges on its ability to noin vat. mkm warns against typecasting the company as either the next facebook or the next twitter, saying that snap will grow in the spac

. >> let's get over to julia boorstin with some breaking nus on facebook right now. s rolling out a new camera feature with a slew of new effects as well as two ways to share photos and videos that look just like snapchat's most popular tools. direct attack on snap the self-described camera company. facebook's new camera will be embedded in the facebook app encouraging users to share more photos and videos with dozens of effects like frames and interactive filters plus partnerships with artists and film studios. now facebook is also launching a stories feature for sharing photos and videos for 24 hours. the same format that snapchat pioneered, and facebook's other apps, instagram, what's app and messenger have each followed. there's also a new option called direct which allows people to share photos and videos with specific friends for a limited time only to be viewed once, just like snapchat. facebook acknowledges the similarities to snapchat even calling snapchat the pioneer of the story's format and tells us it's been testing these visual sharing products since aug