. >>> and david zaslav did not get a good reception at boston university graduation.res of students turning their back on the ceo of warner bros. amid the writers strike interest -- interrupting him multiple times. >> pay your writers! pay your writers pay your writers pay your writers >> some people will be looking for a fight. >> protesters supporting the strike were picketing outside the ceremony graduates and faculty members and parents had to walk by to enter the stadium. frank. >> interesting for graduation. i'm sure that is not what he expected when he agreed to do the speech silvana henao, thank you. >>> coming up, another busy week for the retail community and what it tells us so far about the consumer it starts with a grill. but it becomes so much more. an extension of your home. not just a weekend retreat, but an everyday getaway right in your backyard. newage makes it possible with beautiful all-weather cabinetry, grills and appliances that transform your backyard into a complete outdoor kitchen. visit newageproducts.com to book a free design consultation

warner brothers discovery ceo david zaslav will join us right after the break.he markets "squawk box" will be right back. when i was his age, we had to be inside to watch live sports. but with xfinity, we get the fastest mobile service and can stream down the street or around the block! hey, can you be less sister, more car? all right, let's get this over with. switch to xfinity mobile and get the best price for 2 lines of unlimited. just $30 a line per month. i should get paid more for this. you get paid when you win. from xfinity. home of the 10g network. >>> warner brothers discovery out with quarterly results the company turned around prior losses in its streaming business reporting a profitable quarter joining us now for an exclusive interview, david zaslav, the ceo. i looked at the stock, not a lot going on nothing like paramount global, which i don't know whether you noticed yesterday. >> we don't have a lot going on. >> but after seeing that, i was interested in how wbd was going to perform in relation to that at least as far as streaming goes, it's a pr

boston university students heckled david zaslav yesterday as he delivered the commencement speech.t chant came as the chants and booing started even before he took the stage when during the introduction bu's president recognized his passion for sharing the human story on a global scale. yeah, the heckling began then. it is now day 21 of the writers' strike against the television and film studios. the main issue, paying the writers more fairly in the new streaming world for those very human stories they were referencing. this on the eve of warner brothers-discovery's rebrand of its former hbo max streaming service, now known simply as max, and it is chock full of those passionate human stories writers have created. as streaming disrupts the way we consume entertainment and how those who create it get paid, let's bring in the founder and launched cbs all access which eventually became paramount+, and he is now the ceo of streaming technology company bright cove. very passion that it time for writers and for the substance that holds up streaming. what do you make of all that you're se

. >>> rough reception for david zaslav in boston he was met with chants of pay your writers as he tried to deliver the commencement address. it is monday, may 22nd, 2023 and "squawk box" begins right now. >>> good morning welcome to "squawk box" here on cnbc we are live from the nasdaq market site in times square. i'm becky quick with mike santoli and steve liesman. we have a lot happening today. let's check on the u.s. equities at this hour you see things are barely budging. the dow down 1.6 of the the s&p down 2 points. nasdaq off 15. a lot happening as we wait to see where these debt default talks are headed treasury markets is a reflection on friday, yields closed at the highest level. the 10-year treasury is up to 3.65%. >>> new this morning, eu privacy regulators fining meta $1.3 billion for sending user information to the u.s meta will appeal the ruling in an unjustified fine. it says there is no immediate disruption to facebook in europe shares down 1% double so far this year. >>> now to the debt ceiling. president biden and mccarthy will meet at the white house to resume negoti

. >>> the streaming wars heating up this morning courtesy of david zaslav >>> and one stock surge ahead of the open it is tuesday, may 23rd, 2023 and you are watching "worldwide exchange" here on cnbc >>> good morning welcome to "worldwide exchange." i'm frank holland. let's kick off the day with the check of the stock futures a mixed session yesterday. nasdaq closed at highest since august of 2020 this morning, the knacknasdaq u fractionally we have seen movement in the bond market. we see the yield on the 10-year treasury creep up over the month and over the last two days at 3.72 we see the same story with the 2-year treasury at 4.36. we will talk more about the inverted yield curve later in the show we are looking at energy specifically oil let's start with wti $71.80 brent crude is $75.75. down .30%. natural gas. this morning, it is down .50%. we are watching crypto this market trades around the clock. looking at bitcoin below $30,000 mark that is key. at $27,300 ethereum is up over 2% >>> for a check on the early trade in europe is arabile gumede who is standing by in the london ne

discovery ceo david zaslav delivered the commencement address. >> if you want to be successful, you're going to have to figure out how to get along with everyone. and that includes difficult people. some people cash amy: and dozens of transgender children and youth from across the country gathered in washington, d.c., monday for a prom celebrating trans lives as -- lives. the prom was held at the national mall as anti-lgbtq attacks intensify nationwide. this is trans activist chase strangio, a staff attorney at the aclu and one of the organizers of the action. >> these young people are here with their families and trans adults who love and care for them. today we are choosing to build upon the legacy of our tran cestors and our collective imagination on their freedom, beauty, and joy that we represent. our joy is ours. you may not see it. you may try to take it away but it is ours. today and every day we celebrate, cultivate, and embry said. amy: and those are some of the headlines. this is democracy now!, democracynow.org, the war and peace report. when we come back, wednesday marks o

contracts that expire in 2025 they're paying about $2.7 billion a year both disney's bob iger and david zaslavng their interest in sports rights and likely to make a move if they're not tied up already amazon is already partnered with the nba streaming some games in brazil while apple brought up the streaming rights to not just baseball but also soccer now with growing concern about cord cutting, there is increasing attention to the value of live sports to drive viewers. ratings for the playoffs are at the highest they've been in years. sources tell me the league would like to split its rights between at least two companies, and while streaming is expected to be front and center in negotiations, still reported want broadcast stations to reach the biggest audience possible. sara carl >> the playoff ratings have been good, haven't they, julia? >> the playoff ratings have been good we're trying to aggregate them but the highest in 11 years, up 9% from last year. that's for some of the channels. we're trying to get all the final numbers. an increase in the playoffs and notable the ratings were fla

finally, i don't know if we have this i think we may did you catch david zaslav's commencement speechboston university over the weekend? he didn't get a great reception. >> if you want to be successful, you're going to have to figure out how to get along with everyone and that includes difficult people some people -- >> "pay your writers." >> some people will be looking for a fight. >> yeah. you know, it was the writers strike it was just generally sort of when he talked about making money. i haven't spoken to david about it, but i bet that wasn't necessarily something he fully expected to happen there, jim. >> i think he's one of those people, he's a deep think guy. but he's also a well loved guy by pretty much everybody i think that it probably did surprise him, given the fact that when people think of him on wall street, they just think of him as an affable, terrific guy, and who everyone's wishing well. i'm sure there's some people who don't like the way that cnn is coming together because chris has been tough, but he's a man who comes in peace, and i think it was kind of a shame

ceo david zaslav was a guest on "squawk box" and discussed that term >> we made $50 million on our streamingrter. we said the streaming business would be profitable next year and we're -- we announced today that our streaming business will be profitable this year in the u.s. and to our u.s. streaming business is no longer a bleeder which is a big deal. >> they want you to believe it's a big deal the stock came back. down 3.5% right when it opened that is important getting streaming to where it's no longer losing money and going to be profitable to the tune they say of as much as a billion dollars in 2025. advertising is an issue down 14% in general entertainment, audience declines in the u.s. are an issue giving disappearing people who have a cable subscription pointed that out those are some of the head winds. free cash flow the key for this company and they have to generate their free cash flow in the second half of the year which they say they are going to do that will, obviously, allow them to significantly reduce what is almost a $50 billion debt load and currently five times leverage r

but for reasons actually articulated by the top of that company, a person named david zaslav, trump wast formed and published by cnn. >> former president trump is going to be on cnn? >> yeah, he should be. >> given what happened -- >> it's a divided government. we need to hear both voices. that's what you see. republicans are on the air on cnn, democrats are on cnn. all voices should be heard. >> for the record, republicans are on the air here, too. all voices he said, all voices. all in that context includes a person whose track record of lying is undeniable and something any news organization would be prepared to deal with, right? despite rather valiant efforts by cnn to push back on the many, many lives, the cacophony of lies, many observers found and observed and noted that trump completely dominated the conversation, he commanded the room, and he decided when and what would be discussed. so let's stop here, right? let's let that sink in. an anti-free press politician takes control of a press event hosted by a network and a company he hated so much when he was president that he actu