i'm julia boorstin. >>> more channel checks throughout the day. >>> time now meanwhile for "annual this analyze the analysts and matt is back with us. deutsch bank, downgrading u.p.s. to hold from buy. the company citing the stock here fair value and they say given accelerating uncertainty, the relative premium valuation and expected deceleration in share buy backs. the stock up more than 30% in two years. do you agree with this call or not? >> absolutely. i think it is a hold here. we have seen the move here from 56 up to 78. i would hold here. nothing more to be said about that one. >> can't quarrel with that? >> nope. >> moving on, upgrading tiffany saying basically the recent pullback is share price opened a window of opportunity in to the one of the best brands in luxury. down more than 20%. there it is on the wall. what do you think? >> i would agree with that on a valuation level but i think tiffany's as far as you go forward, people seeing more range rovers than diamond necklaces out there. i'm caution but maybe a shot on the short term. >> the next one, ray monday james upgradi

names in technology are gathering in aspen for the fortune brainstorm tech conference and cnbc's julia boorstining to you. >> good morning to you, andrew. i spoke to legendary investor marc andressohn yesterday, he's invested in facebook, among many other companies and he could not comment specifically on facebook because he sits on the board of the company but he ended up revealing quite a bit about what he thinks about facebook's ipo and mark zuckerberg's controlling stake in the company. >> facebook clearly was ready to go public. facebook will be i think a very successful public company. in my view when you have a ceo like mark zuckerberg, bill gates or larry ellison, the right thing to do is get behind that person and give the person the rope to be able to go execute the strategy. >> as for the weak, po market he attacked investors for creating a hostile environment, one that's hurting entrepreneurs, making it harder for them to raise funds and hurting investors limiting their access to the fastest growing companies. >> it's a hard time to go public. it's a hard time to be public. it's unp

for more on this spat and the rest of the news, from cable land, julia boorstin in l.a. julia?reporter: well, tyler, the stocks may be up but this is a lose-lose for viacom and directv. they're at such odds they can't agree on the state of negotiations. viacom says it's an impasse. directv says it has accepted the material terms of the 17 channels pulled from air. in the meantime, both companies are suffering. in the week of the blackout, viacom's ratings plummeted. while disney channel made some gains. meanwhile, directv admits it's had quote some subscriber losses. this comes as the two companies lob public attacks at each other. viacom saying to direct providers while directv urges customers to be patient. directv insists that the sticking point is the insistence of viacom for epix channel. so tyler, we are sure to hear more he said/she said until they come to a deal but i have to tell you everyone's asking me when the kids can watch nikolodeon again. >> exactly. >>> cable stocks in play today as bc partners and the canadian pension plan investment board say they're buying s

. >> and hollywood responding to this horrific attack, julia boorstin has that angle. >> they're doing everything they can to protect the movie viewing experience. they say they're working closely with the aurora police department and are always focused on computer. >> we're constantly focused on the security of our patrons at all of our theaters for all of the shows, a midnight show or whether it's a, you know, just a regular showing. secure is a big issue. >> and the theaters have the backing of the police departments across the country. they are sending officers to prevent any copy cat events and the department of homeland security is hosting a conference call to discuss safety measures. people are still going to see the movie, but we don't how many are going until this weekend. they cancelled the paris premier along with the press, but they have not cancelled any of the showings in the u.s. it got off to a huge start last night with the second biggest midnight opening of any movie in box office history. >> julia, thank you, so are the impacts of the looming fiscal cliff already bei

julia boorstin and the name of the man of the man at the moment. >> his name is jason kyler, ceo of hulu and shot down reports he's interested in running yahoo. he is one of the best at making money from content online. a lot of companies in silicon valley are trying to figure out how to do just that. back in 2007, kyler joined hulu from amazon, growing their viewers to 38 million by being a master of tough relationships with madison afternoon as well as hulu's media giant parents. perhaps most important, kilar has drawn more than a thousand advertisers to hulu, figuring out how to show fewer ads by closely targeting them and allowing viewers to ad swap and make them 95% effective. he told me that is just the beginning. >> we want to be the world's most effective video advertising service point-blank. we think there's a lot of innovation that has to happen in order to be that. we're actually further ahead than anyone else on the planet right now. >> another reason silicon valley has its eye on kilar. he figure out subscription content with hulu plus. and everyone from amazon and microsof

seema modi is covering bristol-myers and julia boorstin on next flict flik flix. >> analysts are lookinglion, up 13% from last year on earnings per share of 5 cents dragged down by international expansion costs down from 126 a share per share last year. that was just before the company's i disastrous decisiono raise prices and split the company in two. the real focus of today's earnings report is the number of domestic subscribers in the second quarter and whether it's growing fast enough for rising content costs. it expected to add up to 8,000 more customers in qe-2 netflix says it won't expand further until it returns to profitability.8o subscribers streamed a record billion plus hours of video in june. we'll have to see whether that increase comes from new subscribers. over to you. >> thanks. to seema modi with more on bristol-myers. >> generic competition will be the primary headwind facing bristol-myers and it peaked and it is expecting 18% drop in sales and $14 billion and 18% slump in profit growth. they have been working hard to combat competition by building its portfolio, acqui

. >> julia boorstin is live in a movie theater in north hollywood, here to tell us how the movie industry and theater operators are reacting to that tragedy in colorado. julia? >> reporter: well, see, time warner has canceled its paris premiere that was scheduled for tonight. but it's not canceled any screenings or pulled any promos yet for "the dark knight rises." this theater behind me here is owned by cinemark which owns the theater outside of denver where the tragedy occurred last night. the cinemark ceo tim warner weighing in saying the company is focused on the victims and their families and also on the security of all of their patrons at every one of their screenings. cinemark says it is working closely with the aurora police department. >> we have over 250 million people a year attend our theaters here and throughout the world. and the security problems are very, very rare. >> reporter: with the nypd stepping up security at new york theaters, it's not just cinemark thinking about security. take a look at this shot of security guards outside a theater at a universal city theater as

julia boorstin is live in california with the latest on that. >> reporter: that's right, simon. when the meeting wrapped up about an hour ago, we spoke to a number of shareholders leaving and many said they were disappointed that yahoo! didn't name a permanent ceo to take that permanent role. now, there's talk now that they may not announce anyone permanent in that role for a few weeks but as expected in the meeting that just wrapped up, all 11 directors re-elected. front-runner of the ceo job is ross levinsohn. focusing on con at the present time, talking about the deals he made with abc and cnbc just a reminder that cnbc and yahoo! have a business alliance to share in editorial content. the other two main focuses on technology and unlocking the value of yahoo!'s investment in ali babi. they asked about competition and about original content. he said that after a slew of management changes at the company that yahoo! is on the right path and already seeing results. he also said he's optimistic about yahoo!'s growth potential in emerging markets. an investor we spoke to said afte

julia boorstin spoke with the ceo game maker.ainstorm tech conference in aspen. >> the stock is to a 52-week low, down by more than half over the last 12 months. i spoke to don how he's trying to transition the company from packaged goods to digital content and said investors fundamentally do not understand what's going on in electronic arts. >> ba has had really strong performance over the last couple of years. profits up dramatically. we guided to this fiscal year up more than 30% and a digital business in a dramatic way. i think it's a buying opportunity. >> he says the digital business they're moving towards is consistent consistently more profitable over the long run and the potential down the line could be huge as they dig into the data about high and what games users are playing to lure them to other ea games. >> what underpins ea going forward what i call a data platform about the consumer. our business used to be about essentially, we make a disc and we counted the number of disks. we have more than a quarter of a billio

doesn't it, julia boorstin? >> reporter: it absolutely does, tyler. there are two reasons why there's so much interest in the relationship. first, apple needs a social strategy and twitter is increasingly powerful as consumers shift to mobile devices. after the music service fell flat, they have worked to make the gadgets social. just last month, apple announced an agreement of facebook software in to the iphones and twitter's power continues to grow. more than 140 million monthly users with traffic suggesting that social connectivity may be as important as content as iphones. and apple and twitter are natural allies as other giants make big bets on mobile. microsoft has a strategic investment in facebook which launched an app store to rival apple's. without an arrangement, building the current sbe gaintegration ca win-win. >> thank you. >>> heading to a california courtroom today. the battle over patents and the stakes could hardly be higher. ina fried is joining us now on the telephone that jury selection just started. welcome. the battle is certain

julia boorstin is live in l.a. with answers as to why the stock is moving down. >> reporter: well, tyler, for the first time since its ipo groupon sharts below $8. comp score of a report to its clients saying that traffic to groupon dropped 15% in june from the year earlier. the stock is now down about 60% since its november ipo. the company does face continued scrutiny of analysts media and investors. so why all of the scrutiny? in addition to concerns of the traffic, those numbers that comp score reported, there are low barriers to entry. there are a slew of competitors and questions of repeat business considering the fact that both customers and those small businesses that make those groupon deals are not always happy with the results of those deals. tyler, over to you. >> thank you. >>> later on if you mess up at work, should your employer claw back some of your salary? first take a look at this picture. it's duran wums signing the $98 million deal with the new jersey nets on his ipad. wow. officially a brooklyn net. $98 million. this is the first car that i'

kayla tausche has more but first julia boorstin in los angeles with the look at the company's numbers later today. julia? >> reporter: there's huge attention on facebook's results, especially after zynga's big earnings miss. wall street projects revenue $1.146 billion and earnings of 12 cents per share but some other numbers may be equally important including facebook's advertising growth and whether it continues to slow. facebook says about a click through rates and pricing will also be key. what everyone wants to know is how facebook is handling mobile. how mu how many users access through mobile. and look for an update on active use earls. of course, tyler, analysts are very eager for guidance. does facebook expect to return to accelerating revenue growth? recent product launches won't have much of an impact this quarter, but facebook should explain what boost they'll provide down the line. back over to you. >> thank you very much. now checking in with kayla who's got some more on facebook's other issues. kayla? >> reporter: facebook faces three giant hurdles on today's earnings. t

julia boorstin is live in los angeles with more on the new data of the state of the industry. ll, tyler, june was another horrific month for video games. retail revenue plummeted 29% according to npd. console makers suffered the most, down 45 pstz last month of a year earlier and sales of the games dropped 29%. but according to npd, those suffering sales just about half of the total spend on games. mobile and social games like zynga and downloads generated another $491 million in spending. so, there is no question that the industry is shifting to mobile. npd says 57% of smartphone owners play games on the phones every single day. tyler? >> julia, thank you very much. >>> let's go to ed ponsi now to play the gaminger a yeah. >> hey, ty, listen. ea has been hammered but now that stock is trading at less than one times sales. that's very cheap and makes ea a speculative buy. the chart looks terrible but a speculative buy. now, you take a look at activision. activision is valued three times more, a ratio of three times higherer and earned it with great gails like call of duty but o

julia boorstin has more on the story. is looking to make apple tv the destination for premium content without a cable subscription. this is a really big deal for apple. hulu's content competes directly with apple's itv on demand offerings and the first time the conternity is available on itv. apple is making this trade-off in order to amass more trade-off to help sell more apple tv boxes and apple gets to make more revenue from selling access through hulu plus and itunes and you can assume apple will get a cut of the $8 a subscription. hulu will also benefit from additional subscribers and ad revenue of viewers. it is unlikely it will share its ad revenue with apple. it is catching up to ro cu and microsoft 360. we have to see what apple does next to distinguish itself from those rivals. >> indeed. check this out, president obama's new campaign slogan. can you pick out why it is a getting under some people's skin? we'll talk about it when we come back on "power lunch." to the , the greatest empires. then, some said, we lo

julia boorstin has breaking news on twitter. what is happening? >> well twitter's site was reporting several outages, twitter saying users may be experiencing issues accessing twitter, our engineers are currently working to resolve the issue. we can't access twitter, we're hearing problems across the country so twitter acknowledges issues saying they're working on it. from the heels of zynga's disappointing results, social media in focus today. scott back over to you. >> steve weiss, this brings back memories of i think the second outage for twitter in the last month, three, four, five weeks or so. obviously it's not a publicly traded company but shines a spotlight and a negative one on social media after zynga and looking ahead to facebook. >> maybe it's out because usage is overwhelming the network. it's not a great thing but you'd rather have that instead of a flaw in technology, like we've seen with r.i.m. i think social media is faddish and linkedin seems to be doing well capitalizing. facebook i'm not concerned about zuckerberg showing up or

julia boorstin also joins us from los angeles.e new york stock exchange today. >> yeah, i did. as soon as i got here. >> want to talk to you about the trajectory of the company so far, the number of members as just groan exponentially. at this point in time, do you -- first of all, is your number one goal just increasing the number of members and revenue is a second thought? >> no. for us, it's always been about building the best products for users. on top of that, since we started the company, we've been building this merchant platform. it's been fantastic because a lot of users are signing up for foursquare to take advantage of a lot of deals in the system. for merchants, it's working well to drive new users and existing users back to those businesses. as much as it's about starting to experiment with revenue, the primary goal is making good product that is people get excited about. >> julia? >> i wouldn't downplay this news today. this is your first real move into generating significant revenue and your first-ever ad product. y

our julia boorstin has more on that as well. good morning, julia. >> good morning to you.hat owns the theater where the shooting took place spoke in dallas. he expressed his sympathy for the victims and families and stressed that the company's commitment to security. here is what he had to say. >> we constantly are focused on the security of our patrons at all of our theaters and for all of the shows, whether it is a midnight show or whether it is just a regular showing, you know, security is a big issue for cinemark. >> we reached out to the other major theater chains to see if they plan any changes regarding security, regarding midnight showings or changes to policies about costumes. fans attending midnight screenings often dress inspired by kashts in the film. they say the suspect was wearing with a bullet proof vest, ride helmet and carrying a gas mask, rifle and handgun when he was arrested. we do expect theaters across the country to respond with increased security. this is a scene outside a nearby amc theater in los angeles where moviegoers were heading into a 6:40

julia boorstin spoke to the company's cfo david ebersman last night. >> he refused to give any financialstead focusing on mobile as a "really big opportunity" saying that smartphone also give facebook a market of as many as 5 billion people. he acknowledged the challenge is noble. users are growing far faster than ad revenue, also the reason payments revenue is flat as users bypass facebook and directly download games onto their smartphones. one of ebsman other challenges is scaling revenue internationally. in the u.s. and canada average revenue is $3.20, in europe $1.43, in asia 55 cents and the rest of the world just 44 cents and on the earnings call, ebersman faced questions about the ridesing costs that hammered this quarter's results, a stock-based compensation came in higher than respected at $1.3 aboutle. capital expenditures nearly doubled in the first half of the year as the company grew head count by almost 50%. while investors were selling afterhours analysts were mixed. goldman sachs reiterated its buy on the stock and morgan stanley's analyst says he sees 50% share upside ov

we bring in sandy reyes, internet report for the "wall street journal" and kayla tashi and julia boorstink these are the questions most investors have, will zuckerberg be on the call and give company guidance? what is your take according to sources? >> i don't know whether he will be on the call but i can say he should be on the call. everybody i speak to says that it's very important that he get on that call and reassure people that he cares about making long-term wealth for these investors and you know, that was the big problem with the ipo, people felt facebook didn't care about their investors and this is an opportunity for them to get on the phone and say to people we do care, we're in this for the long-term, it may have been a bumpy road in the beginning but we're going to create wealth for you, that's our goal and why we care. >> let's not get ahead of ourselves. they're explicit, not going to profit maximize. let's not pretend this company is anything other than a kingdom with one king, mark zuckerberg. let's not pretend it's something different. >> no, i'm not. what did i say tha