that news not impacting the stock very much. >> thank you, julia boorstin. >> ever since a possible bann assumption, those tiktokers would have to go somewhere else. seems like they are giving the u.s. government, a "see what i can do," i'll say that nicely because the other way is not sanctioned by ftc. this is not owned by bytedance, but it is another shanghai- based company. >> i think it's a fascinating dynamic. the assumption was that if there is no tiktok, they will move to reels. but that's not the case. they are moving to red note. i've seen people on tiktok say, they would rather write their social security number and put it on a post-it note and put it on xi jinping's head. >> there's some talk, too, that some of these people who have moved to red note. will do weekly bans. reels, what's app. et cetera. >> there is a certain sense of irony, that mark zuckerberg has cozied up. >> there's a lot of goofiness going on here. but at the end of the day, i'm not sure the app is banned. i think you can't download it. there's a host of other things. but isps would have to block it. >> i

deidre bosa is following fintech stocks and julia boorstin with media stocks.t what the doctor ordered and it's a nice bill of health today. >> it's a pretty healthy showing. you did build on the midday lull a little bit on the indexes and you have almost a full 2% gain and one of the takeaways is at 60, 50 on the s&p a month ago and a go slow, wait and see fed is bearish and yields going higher and the yields in the dollar may be overshooting what the economic fundamentals would say on the upside and you have a little bit of relief. that's a positive thing. what you are seeing in the market though is, people are concerned it's starting to run a little bit. what do they grab for? the old stuff and the nasdaq 100 from the open and the nasdaq 100 is up almost 1% and the russell 2000, basically flat from the open and it does show you that that's still the ingrained behavior and it makes sense. obviously, the earnings front end of it is positive. i do think it's going to be a little bit of give and take. it's not always a clean readthrough from the banks to everyth

julia boorstin looking that the side of the story for us. do tell, julia. >> reporter: well, kelly, i'm among the angelinos s that are turning to new apps on realtime updates on evacuations, winds, and air quality. watch duty has shot into the top ten in the app stores' nationwide ratings, with 2.5 million downloads since the fires started last week and 12 million unique users this week. that's compared to last year's 7 million users. this nonprofit is operated by 15 employees and 200 volunteers who listen to radio broadcasts to delineate evacuation zones. i spoke to its ceo about how watch duty shares information faster than government resources. >> the magic is in the humanity of and this the people that do this work. the government should be doing this. skpufrl, they're not. they are doing other things. they're just not good at signals intelligence and software, like we are. >> reporter: other apps have seen download spikes. genasys protect, public safety app citizen, reddit threads are sharing detailed local information and weather apps i

julia boorstin has more on this now. melissa, meta says it aims to restore free expression and says it's replacing it third party fact-checking with what they call a community notes model, which is similar to x's approach. the company is also allowing more political content on its platforms, it's removing restrictions on subjects including gender and immigration. with policy enforcement now focused on what they call illegal and high severity violations meta is also moving its trust and safety and content moderation teams from historically democratic california to historically republican texas. ceo mark zuckerberg saying the changes will correct the censorship it mistakenly allowed on the platform. this is zuckerberg's latest signal that he's eager to work with the trump min stras. last week, joel caplan was announced to replace nick clegg as head of meta's global policy. and yesterday, the company announced that longtime trump ally and supporter dana white is joining meta's board. zuckerberg addressing criticism of censo

julia boorstin. back to you, mike.know tariffs are coming, at least we think based on what we've been told, often. a slower rollout, though, is more palatable to this market, clearly. >> there's no doubt about it. and slower rollout, have them be a little more conditional as opposed to just sort of acts of aggression. the market wants to hear less about how much revenue can be generated through tariffs because that seems like not the approach that would mean the lowest friction way to do it. so you'll have to navigate. everyone, i think, keeps falling back, though, on this relatively nonspecific but very closely held idea that deregulation in itself can kind of pay for a lot of these things. you know, you want to get a little more detail about exactly what that means. 2017 was a really clean story. you could just do the math on what lower corporate tax rates were going to mean. we have a cushion and it's probably something we might need at this point. of course, also, growth expectations and valuations are also a bit m

julia boorstin. nice to go out on a high note on a metric you're no longer going to report. guy? >> maybe it's a one-off, but it's a record number of subscribers for a quarter, even if you want to back out the fight and say maybe that was sort of inflated. it's still extraordinary. margins a lot better, i think 22%. their ad tier now goes to $7.99 from $6.99. they're going to jack up prices. remember seven or eight years ago they did that. the stock market didn't like it. now they're in a much different place. so i don't think you chase it here. i think we were consistent the last couple weeks. i thought the setup was good. here are levels you should be reaping harvest and that's not an indictment of the quarter. >> not at all. that was your call, guy, into the print. i just think of this as the opposite of what happened in 2022. remember when they were losing subscribers faster than expected and the stock kept gapping lower. 75% of its value. a quarter like this and you say, okay, they just guided up revenue maybe 4.5, 5% or so. okay, like, the price increases, it's just margin.

julia boorstin with all the details there. guy? >> the best. stock has been fubar for the last couple of years. today's move not withstanding. i mean, this is flatlined for the last few years. with that said, disney is the one that's interesting. to me, it's because they've gone from playing defense now seemingly they're starting to play a little offense. chris can speak to this. we traded up to in november the same levels we traded up to in march, about 120, seemingly failed, but you know, as we get closer to earnings early february, i think disney is a name that could surprise people to the upside. >> it's a name we put on our list of real potential leaders in 2025. the stock peaked four years ago, peaked in march of 2021, it's been a 60% decline, it's been a devastating bear market, we've spent the last 18 months basing. i agree with guy. you start to push this up through 120, it's a very meaningful breakout. >>> coming up, united's starlink surge and uber named a top pick. >>> plus, a tariff tweak. trump's potential shift in his tariff plan

julia boorstin joins us now with today's cnbc money minute. >> hi kate and zinhle. google is changing its maps online with changes ordered by president trump. the tech giant says will update the names of the gulf of mexico and denali to the gulf of america and mount mckinley. google says the changes will take effect when the government up dates it's official listings for the gulf and the mountain. >>> more than 100 cases of smoked salmon sold at costco stores in florida have been recalled over a possible listeria contamination. the fda says that kirkland signature brand smoked salmon manufactured from the acne smoked fish corporation was upgraded to the highest risk level from its original recall in october 2024 point so far no illnesses have been reported. >>> and interleague pickle ball is reportedly on the verge of reaching profitability by the end of this year. authorities tell cnbc two of the league's 22 clubs are profitable but one has hit the breakeven point and as the league tries to reach that goal for the first time in two years they will open a franchise

let's get to julia boorstin with more on that company's capex plans julia. well meta ceo mark zuckerberg announcing. its ai roadmap. and spending. >> plan for the year, saying. >> meta will invest between 60 and. >> $65. >> billion in capex. >> this year. >> to drive growth of their ai offerings. now that 60 to 65 number is up from the 38 to 40 billion in capex last year and far ahead of the spending in the low $50 billion range that analysts expected. zuckerberg saying he expects meta ai to serve more than 1 billion people. >> this year. >> up from the half billion users that meta i had at the end of the third quarter. zuckerberg also announcing they're building a two gigawatt data center and developing an ai engineer tool. now, one place they're going to be deploying some new ai tools is the addition of advertising in threads, head of instagram adam mosseri announcing that meta will start testing ads in threads, giving brands ai powered controls as well as filters. now with this news meta saying threads has 300 million monthly actives and three out of ever

julia boorstin out of los angeles today. >>> coming up, goldilocks, inflation is:, earnings are off toy good start but just as we are gearing up for inauguration, could xi -- tariffs come in and ruin the party? one says no and the other says yes. they both bring their picks year. >>> there will be a crypto ball tonight in washington to celebrate the esens pridt' crypto policies and bitcoin is clearly getting the party started early with the game today. our guests see it hitting 200 k by the end of the year. they will explain why ahead. ♪ ♪ >>> this is "the exchange" on cnbc. ♪ ♪ finding the right path takes experience. as a national leader in municipal investment banking and wealth advisory services hilltopsecurities can help you find the best path to reach your financial goals. with the backing of a diversified financial services enterprise, deep industry knowledge, and a 75-year history of innovation, we don't follow the herd. we lead it. ♪ ♪ with so much great entertainment out there... wouldn't it be easier if you could find what you want, all in one place? my favorites. get xfinit

julia boorstin, we have details in the last hour about microsoft making some job related news and youa as well, right? >> that's right. earlier today meta announcing it is looking to get 5% of its employees, lowest performers, with the goal of back filling those roles this year. mark zuckerberg saying in a memo, i decided to raise the bar on performance management and move out low performers faster. the company expects to reach 10% of nonregrettable attrition by the end of the current performance cycle and will quote, provide generous severance. meta shares ending the day down nearly 3%. shares were down before that news. snap shares are also off today nearly 7%. these three stocks seem to be responding to rumors that elon musk could buy tiktok's u.s. operations despite tiktok telling cnbc they can't be expected to comment on pure fiction. td cowen reporting that even reports of that is seen as negative for its rivals. a thank you, julia. all right. cory, tell us about signet, worst day in nearly five years. >> far from the sparkling holiday for signet jewelers. parent of jared's, kay

that is julia boorstin. now, the energy space. what we know?evels of the day but still down 5%. the company is nearing a deal to buy a equity owned independent power producer. last year it was reported that they were exploring options. perhaps not too much of a surprise that constellation could be a suture given a combo of gas and geothermal units. constellation narrative, the price tag could be $30 billion including debt and some of the stocks downturned on worries that the price tag could spark incremental equity needs and therefore dilution. constellation is also one of the top s&p stocks in the last year with shares doubling on the back of nuclear power enthusiasm. constellation did not return requests for comment. alpine-x owners declined to comment. >> thank you. that is it for stevens. i will turn back over the next 10 days and we will continue to game out the trump administration, the pluses and the negatives in terms of what it could be for the economy, rates and the market. we may not have answers for a few weeks until we get some exe

and here to tackle it from multiple angles, julia boorstin has the deal details. s is here to talk about the ad implications. julia, kick things off for us. >> well, kelly, hulu plus live it'd and fubo has 6.2 million lye streaming subscribers. youtube had 8 million subscribers as of its most recent announcement. their deal is a testament to the pressure to scale. disney will own 70% of this new company in fu borks. shareholders will earn the remaining 30% of the combined company. both services will be available to consumers separately and fubo will create a sports and broadcasting offering featuring disney's networks. fu-bo ceo saying this also allows it to offer skinnier sports bundles. fubo is expanding its offerings and more leverage in its carriage negotiations while disney gets greater distribution. they will benefit from synergies. under this deal, fubo settled litigation with disney and partners this sporting streaming service venues. venue's co-owners, disney, fox and warner brothers discovery will make a $220 million payment to fu-bo. it is projected to h

julia boorstin shares what the latest on tiktok could mean for the rest of the social media space. crucial moments of the trading day and shares some of his top stock picks. julia, hours later, how is the market viewing the shakeout of this supreme court decision? >> reporter: well, there are still a lot of unknowns and we'll see what the incoming trump administration does. but meta, youtube, s.n.a.p. are seen as well positioned to draw user engagement and ad dollars if tiktok is to be shuttered. if it were, 29% of users indicated they would reallocate their user time to meta's reels while 23% said they would shift to youtube shorts. that's according to a consumer survey in the fourth quarter. we're seeing those numbers play out in the ad projections as well. meta is projected to be the primary beneficiary of tiktok's ad dollars with the projected $19 billion in incremental ad revenue if tiktok is banned. that's according to wells fargo. ad dollars would then benefit youtube and snap, but as snap is the smallest of these players, by some estimates it would get the biggest percentag

let's bring in washington correspondent amy jeffers who has been all over the news as well as julia boorstint to happen this weekend. >> reporter: here is the 27 page ruling from the supreme court, sara. remember, congress passed a law to ban tiktok unless it is sold to an american entity. that has not happened. the deadline is january 19th.

but julia boorstin is watching these particular meta numbers. morning julia. >> good morning carl. yeah let's just put these capex numbers in context here 60 to 65 billion on capex this year. as meta says, that they were going to be growing their ai teams significantly, also saying they'll have the capital to continue investing in the years ahead. he is saying this is a massive ramp up in spending on ai. to put this in context, it's up from $38 billion in capex in 2024, and analysts have been looking for 51 to 53 billion in capex for this year. so that's meaningfully ahead of that. zuckerberg also talking about expectations for that meta ai assistant tool to significantly grow in terms of its reach. so the last number they reported for meta ai was 500 million at the end of the third quarter. that was at the end of october. now they're saying they expect to hit a billion users of meta ai this year. so a doubling this year. and just talking more about the importance of ai. remember, this is a company that pivoted from focusing on ads and social media to the metaverse. and now it's re

. >> julia boorstin, thanks, talk to you soon. >>> coming from ceo larry the inflation data coming upwill join us with reaction. >>> stay tuned, you are watching "squawk box on cs nbc. >>> welcome back to "squawk box ." >>> blackrock beat estimates on the top and bottom line, decisively. in an exclusive interview, i asked the ceo where he thinks we are in the market right now. >> i think i said last quarter, i see the scenario where the bottom will be 9%. i can actually see a scenario where the tenure is at five and at present, i can also see where it is going back to 4%. and so, we have an incoming president, who was making broad changes to the economy, broad decisions, and we will see how this all plays out, and it all comes down to inflation. there are some economists who are calling for the fed continuing to ease three or four times, and some people say, they will stop. i heard from one or two economists, they will have to start raising it again. i don't know truly where we are, but i could say the range of outcomes is broader than he range of options we just saw four months ago,

julia boorstin joins us now with more. good morning julia. >> good morning robert.lywood workers raising questions about what's next for the entertainment. >> industry, as. >> it has already been struggling with the ctrng box office down more than 23% last year from 2019. plus cord cutting, putting pressure on the tv business. and it comes after work stoppages from the pandemic and then from the writers and actors strikes. now a range of sources are telling me about. >> the long. >> costly road to rebuilding the palisades in altadena and are talking about how, with people struggling to find long term rentals both above and below the line, workers could look to leave the. >> area. >> which could further accelerate production declines. last year, the amount of production in la declined nearly 6% from the prior year, giving last year the lowest amount of annual production in the la area ever, behind only 2020, when production slowed dramatically because of the pandemic. production has moved to georgia, new york and overseas to states and countries with more tax incenti