kayla tausche is live from the cannes lions international film festival in france. here for the hour kelly evans. >> not in front of the ocean, though. beautiful shot. >> joining us re/code managing editor and cofounder of confide. our top story this morning, a rally under way on wall street on news of british exit from the european union is becoming less and less likely. bob pisani is standing by with more. bob? >> we gapped up about 1% on the s&p at the open and we have stayed up. let's call it steady as she goes. the same situation in europe. germany will close in about a half hour. let me show you how ger germany has been trading throughout the kay. the whole european system up 3% to 4%. half an hour left to german trading here. in the u.s. 5 to 1 advancing to declining stocks. it's been that way throughout the day. take a look at the markets in the middle of the day. banks leading as we got the ten-year yields moving to the upside. tech and energy also strong. the dollar has been weaker. oil is up. health care also leading. take a look at the big banks. remembe

plus, cannes lions kicking off big advertising meeting.n us with a look at what is to come from that festival. dow up 270 points. opportunity's knocking, where self-proclaimed financial superstars pitch you investment opportunities. i've got a fantastic deal for you- gold! with the right pool of investors, there's a lot of money to be made. but first, investors must ask the right questions and use the smartcheck challenge to make the right decisions. you're not even registered; i'm done with you! i can...i can... savvy investors check their financial pro's background by visiting smartcheck.gov >>> strong rally going here. the s&p up almost 1.5%. the all america economic survey is out. our steve liesman joins us with the exclusive results. steve, good morning. >> hey, sarah, i want to share with you some amazing results, differences between trump and clinton voters when it comes to investments in the market. stuff that other polls don't have because they don't ask about the economy the way we do. first take a look at overall views of americ

also ahead, an exclusive with twitter's adam bain, the coo from cannes lion.ow up by about 42. more "squawk on the street" from post nine in a minute. ♪ ♪ for decades, investors have used a 60/40 stock and bond model, with little in alternatives. yet alternatives can tap opportunities that traditional assets can't. and even though they're called alternatives, they're actually designed to help meet very traditional goals. that's why invesco believes people should look past conventional models and make alternatives a core part of their portfolios. translation? goodbye 60/40, hello 50/30/20. >>> fed ex posting quarterly results that beat estimates, but the company reported an overall loss due to pension costs and expenses associated with its recent acquisition of europe's tnt express. also says it plans to boost cap x by 6% in the current fiscal year, jim. but the midpoint of their guidance for the year is just below the street's 12.17. what'd you think? >> i liked the quarter a lot. they did lower the gross domestic product. remember these guys always give a big

. ♪ >> reporter: celebrities descending on cannes for the cannes lions international festival where a-lister ticket in town. >> i wouldn't miss it for the world. it's in cannes. >> reporter: from big screen superstars like jeremy renner walking the red carpet to small screen royalty, lana parrilla from abc's "once upon a time"? i'm very happy to be here. this is great. >> reporter: red carpet regular blac chyna that speaking out about her pregnancy and love rob kardashian. >> we're so excited about the new baby. we are newly engaged. i think we're going to send out our wedding invites next rear yrt own martha stewart showed up for the affair. >>ing 13, the daily mail really treated us to a lovely evening. >> reporter: she live sweeted the evening sharing this photo after being bowled over by singer jason derulo's sizzling performance. ♪ i'm riding stole low >> the biggest party of the night and i can't wait to the next time. we have to do it again. >> reporter: for abc news, lama hasan, london. >> oh. >> it would be really cool to be will. >> i'd love to be will. >> i wonder who gets to go.

let's get over to kayla tausche who's at cannes lion with a very special guest.ood morning, kayla. >> reporter: good morning, carl. well, instagram announcing just moments ago it has surpassed 500 million monthly active users. the last time we heard this metric was last fall, 400 million monthly active users. so quite a bit of growth for instagram. and we are joined here in cannes by facebook's global head of advertising. caroline, what an honor it is to have you on a day when we have so much news to talk about. >> well, thank you for having me. >> so the growth we've seen since last fall to now, 25% user growth, is that organic or something deliberate you're doing with the product? >> well, the growth on instagram has been tremendous. if you think about instagram it was started five and a half years ago, 300 million people per day, 100 million in the u.s. that are coming on a monthly basis. and the exciting thing is that this last 100 million have joined faster than the prior 100 million, so we're seeing tremendous momentum around the world and enthusiasm for a

cannes lions, and great lineup to come, we know. >>> and meanwhile, you may have noticed the market coming off of the highs and a lot of it on the disappointing oil inventory, and had oil fall below $50 and it has been dragging the equities down wit. >> yes, and the brexit poll showing it drawing back to the leave camp which is something that art cashin said monday he would be watching after the campaigning began again after the tragedy that happened there over the weekend. it appears that, again, it is anybody's guess which way this is going to go >> and very difficult to call, and that is a big reason why the mutual funds in both this country and the uk have cash balances at the highest level that we have seen in five years or so, as they are unwillinging to make a big bit with the clients' money over the next 36 hours. and adobe has gone down here, are you surprised? >> no, adobe has warned that there would not be a linear increase in the digital marketing revenue, but overall, they are going to meet or exceed the annual targets. >> yeah. right now, adobe is the worst performing s&p nam