for "nightly business report," i'm julia boorstin in los angeles. >>> coming up gridlock. no not in washington. but at the nation's west coast ports and some business owners find themselves stuck in the . >>> good news about jobs today. first time jobless claims fell for the first time in a month down by 10,000 backing away from a seven month high just the week prior. most of those claims stem from seasonal hires being laid off by the holidays. >>> and update on the six month labor standoff at west coast ports with talks between unions and management stalled, there's container gridlock from san diego to seattle. which side is right and is there any end in sight? jane wells has more now from the port of long beach. >> reporter: it was a banner 2014 for the nation's largest port complex with a surge in traffic. the problem is getting the cargo on to trucks. >> the terminal since early november has been operating with 60% of the people they need because the operators are not being dispatched. >> we had over a thousand members checked in to work last night. we're here to work.

julia boorstin was there and shows us what must-have items tech companies are putting out this year. >> the las vegas convention center is full of the latest televisions. they're getting bigger and thinner, along with sleeker and more affordable smartphones. >> take back tvz. >> reporter: a new way to watch tv on directv. sling tv a $20 monthly subscription to channel channels like espn and cnn. raising questions whether it inspires consumers to cut the cord. big names to showcase the latest ganlts. ryan seacrest promoting the new typo key boards for iphones and ipads he developed to meet own needs. >> which is sleek and it's smooth and it literally is my office. this is how i work every sing l -- everything i reply is coming from one of our key boards. >> reporter: more than ever it's about connecting everyday household tools and devices to internet to make them smart. everything from the g.e. smart living room to l.j. smart kitchen and app on any device. >> you see a lot of sbejts in the home and homes not necessarily brand new. these are places that have been around and you can in

julia boorstin now from los angeles with her one big takeaway from netflix numbers. >> reporter: netflix shares flying higher with better than expected earnings results. international expansion. the company added more international subscribers than expected 2.4 million for a global total of 67.4 million subscribers. another factor unexpected the office. another reason earnings flew past expectations. past international growth is a big focus. ceo announcing the company will complete global expansion over the next two years, earlier than expected while staying profitable. saying in letter to shareholders one advantage is with netflix being global it will be able to develop more originals and license more content. one international question remains, china where says they are still exploring options. back over to you. >> thank you, julia boorstin. >>> well things weren't quite as dramatic on wall street overall on this trading day. the markets kicked off this holiday shortened week with modest gains but a flat finish and certainly a long way from the losses early in the session following som

let's get to julia boorstin live with the ceo of i heart media. over to you, julia. >> thanks so much. and bob pittman thanks for joining us. you have a number of announcements here all about parent i heart media with a range of electronics makers. what do the partnerships mean for the future of i heart media and radio? >> all of the devices are radios. we have clock radio, hand held radio. so although they are digital products to the consumer they are one way to get favorite radio stations. >> translator: do you think that means you have more listeners and more ad dollars as a result? >> the average listener listens to radio eight or nine different times a day. when they leave their car and have to walk to office we want them to listen on the phone. we would like them to put on the favorite radio station. i think it increases our listening but intensifies the relationship with the consumer and all of that adds to more ad dollars. >> you reported weaker results because of the core ad business was disappointing. what will it take to turn that aroun

julia boorstin has the numbers for us. hi julia. >> hi kelly.ook's results look stronger across the board. the company reporting $3.85 billion in revenue. that's compared to expectations of $3.77 billion and up from $2.58 billion in the year ago quarter. that's a 49% increase year-over-year. earnings per share coming in at 54 cents. that's stronger than the 49 cents that wall street analysts had been looking for. now, breaking down advertising revenue, ad revenue total was $3.59 billion that calculates out, average revenue per user was $2.77 while ad revenue was $2.58. that's also stronger than expected. of course, mobile is always really a key point of focus for facebook. 69% of the ad revenue comes from mobile. that's up from 53% in the year ago period. so total mobile ad revenue continues to rise and also stronger than the mobile ad growth wall street analysts had been expecting. shifting gears to the user numbers, monthly active users coming in at $1.39 billion. that's up 13% and that's a hair stronger than projections. daily active users, 8

julia boorstin is in vegas with the big media interview of the day for us. >> this company is notorious for making a big news and turning heads and now the ceo has a totally new plan to transform the way people pay for television. dish stock is up 18% in a year. the ceo is joining me coming up. financial noise financial noise financial noise financial noise >>> the dow is taking it on the chin once again pressured by lower oil prices. the dow down by about 207 points. leading the way to the down side jp morgan shares united technologies, big blue. check out what is happening with general electric. deutsche bank downgrading from hold to buy rating and cut price target from $28 to prior $30 citing head winds. ge down more than 11% just over the last 12 months. back over to you. >> it has been more than a month now since sony was hacked and had private files leaked online. last night sony's ceo who cancelled an appearance on "power lunch" in the aftermath of the hack broke his silence at the consumer electronics show. >> sony pictures entertainment, former employees and certainly current e

thanks so much, julia boorstin.ll be watching after the market close today when those earnings come out. jon steinberg, i'll ask you first, a lot of issues in the recent quarter. release of marco polo to muted response, i should say. fourth coming net neutrality rules. encroachment of amazon. what do you think is going to be the biggest issue for them? >> the subscriber if number amazing how small the miss was last quarter. they delivered 53.1 million active subscribers and guidance was 53.7. a miss of 600 and the stock dropped 25%. that is ultimately as julia said is going to move the stock. most think it will come above. q 4 was a lot of gadgets being bought, connected television to put netflix ahead on subscribers. health terry at goldman sachs thinks they come in ahead. i think that's all that moves the stock tonight. >> that's the question suspect it? particularly? europe, where is streaming on the hierarchy of needs? right. with all the economic turbulence over there are people going to be subscribing to netfl

julia boorstin joins us now who spoke exclusively with jason. you. >> thanks so much. today streaming video service vessel launches in beta for consumers who requested an invite. this as it slowly rolls out wide. the service which targets 14 to 24-year-olds features premium video from youtube stars and popular youtube channels like taste made as well as media brands like sports illustrated and history channel as well as individuals such as alec baldwin. unlike vimo which sells content on demand vessel has an ad and subscription model. the app enables users to browse while they are watching videos and features a range of categories to make it easier to discover curated content which he says is different. >> the user interface and it technology and software is very differentiated. first and foremost. second is, the content that you'll see there will be showing up on vessel before it shows up anywhere else. and so this is a fan service. this is where people who are passionate about content go to watch that content first. >> while there is a free ad

julia boorstin joining us from the west coast. more on what you do with the stock, betlet's bring in colin sebastian. after a strong run, the stock's up 40% over the last 12 months though you've not got much movement, it's hanging in on a market cap of $212 billion today. that's the bigger picture. what do you think about mobile the growth driver here? >> well clearly the results are still being driven by mobile primarily. in mobile facebook is the dominant ad platform in terms of native ads driven by text. pictures video and instagram and what's app will drive incremental growth for facebook. underlying trend are positive. >> video, julia makes the point in four months video views from 1 billion to 3 billion albeit with this automatic playing function. from an advertising point of view they're counting on a three-second play. what about the monetization of that or do advertisers not care? subliminally you'll be able to program a generation of facebook users. >> well the way facebook is approaching video is similar to the way they

there is doubts cast upon a potential deal buts the provocative nonetheless julia boorstin live in las vegas to tell us more about what we need to know. >> reporter: that's right. people are definitely talking here about some news or potential news that isn't -- doesn't have anything do with the gadgets here in the convention center in las vegas. it is about the potential deal between verizon and aol. both companies wouldn't comment and our david faber says verizon's ceo spoke last night where he quickly dismissed the idea that anything significant would be going on with aol. but those reports did send ool shares jumping this morning. and less likely than a full acquisition, verizon could be partnering up with advertising technology as verizon looks to expand mobile video ads. another story is sony which unveiled some super thin giant television sets as well as a 700 new walkman. he finally broke silence on the massive hack attack on sony over the film "the interview". >> sony pictures entertainment, former employees and certainly current employees they were unfortunately the victim of

and now the consumer electronics show our julia boorstin caught up with him to talk about his controversial that's right, joe. ryan seacrest is here to promote the typo 2. it's a keyboard that slides over your iphone or ipad. soon after it was introduced last year the company was sued by blackberry. seacrest wouldn't comment on the pending litigation but he says this device is a game changer for how he works. >> i like the feeling of those keys. and so for me when i first started typing on a virtual keyboard i thought, my gosh i'm going to lose a job. because i can't reply to everything and i'm saying things i don't mean to say in my replies. and i still sometimes say things i don't mean to say, but i do less of that. >> now, seacrest says he does not invest much in the stock market, but he invested in and cofounded typo because he wanted the product himself. part of a strategy of investing in what he understands. >> i try to think about something that i can add value to. not just you know capital, but where i can add some value as well. and think strategically about it. this i knew was rig

julia boorstin is there live with rapper and entrepreneur curtis 50 sents jackson. >> thank you for joining are here to promote your new head phones. you have a deal with intel. tell us how these are really different from so much out there. >> this is great. collaborate with companies to create things that is exciting and with intel we was able to create bio sports for our sports editions. they are able to monitor your heart rate and the distance that you run or the pace at the same time through run keeper apps. it's really good. >> the most direct competition for your head phones is beats. how much more of a threat does that make beats? >> beats already are acquired by apple and have a huge team there. being able to collaborate with intel is really the good alternative option for me to keep myself in a good space and have good quality products coming. >> your original business is your music. >> recognize. >> there has been so much upheaval in the music business with taylor swift pulling music from spotify. would you consider doing something similar? >> i don't have issued with spotify. i d

cnbc's julia boorstin looks inside the box. good morning, julia. >> good morning, simon. companies monthly fees for its cloud storage sharing collaboration and security tools. since box launched back in 2005 and the ceo was in college, cloud storage has been xlod advertises, google microsoft, drop box which focuses on consumers have moved into box's business. but levy has said what distinguishes box is its work collaboration tools. box has a premium model, basic toolg tools are free but over 44,000 companies paying customers, including half of all fortune 500 companies and the company had 32 million registered users. its client list includes general electric, in the process of rolling the product out to 300,000 employees, companies as die ver as proctor & gamble directv, as stra accidentfullyzenaccident astrazeneca and gap. health care, one of its fastest growing sectors, retail, media and entertainment. grew in the first three quarters of last year but was concern is that the cost of the revenue isn't really shrinking. with net losses of 121.5 million, in that same time

let's get to julia boorstin with the late est. julia? >> that's right.ht now i heard them talk about raising more debt and how this is a really good time to raise more money. they continue to invest in originals which require more financing up front. really bigging to inon the earnings call so far was netflix's better than expected international growth adding more oversees subscribers this past quarter as company announced it will complete its expansion to all around the world over the next two years while staying profitable which is earlier than expected. hastings saying that the magic of streaming and the ability to binge watch is even more appealing and less high-tech markets. >> the success that we've seen, you know, from argentina to finland, to have all of our first wave of markets from canada, latin america and nordics, netherlands, uk and i'll, you know, be profitable together as a group, it's just tremendous accomplishment, and the growth rates that they are seeing, it's going to be very significantly profitable going forward. >> as for upcoming

for that part of the story julia boorstin. >> high, tyler.taking other centcom's twitter page was not twitter's fault. twitter servers were not breached. but rather it was the result of hacking of centcom's password. twitter is constantly working with companies and organizations to encourage them to protect themselves. urging the adoption of two factor authentication and verified accounts which confirm that the person setting up an account is indeed who they say they are. twitter also urges companies and organizations to keep a list of who has account passwords to change passwords every one to three months and to use password management tools like last pass and one password. now, a number of twitter accounts have been hacked over the years. burger king and jeeps were famously hacked two years ago. there is no indication that those hacks are discouraging companies from using twitter. >> no indication whatsoever. really? you haven't heard of any company that said, you know what? maybe it's just not worth it? >> i think companies feel like they

meanwhile, our julia boorstin is digging a little bit deeper into those amazon results we're just gettingre you seeing request m >>m? >> a lot of people are very interested in amazon prime. a lot of investors were hoping to get a total number of amazon prime subscribers. they did not say that but worldwide membership to amazon prize rose despite amazon raising the prices for amazon prime, saying it grew 50% in the u.s. and a little bit faster overseas. another thing i want to point out, kelly, is amazon's guidance for q1 the quarter we're currently in was a little bit lighter than wall street analysts had been expecting, but that's not hurting the stock at all, up about 7%. >> it certainly is. back with us for more on google and amazon earnings "fast money" trader, brian kelly, and we're bringing in bernard golden, vp of active state for a fresh take on these earnings. bernard, amazon's up 7% and what's your view on the shares from here? >> reporter: well, i mean it looks like post-announcement, people like what their numbers were. so i expect that we'll see more of that going forward to

julia boorstin has the details. >> the company plans to continue -- still listening to the report there. cfo kevin goldman says that the company expects to continue to make progress in its core business, expects to continue to be good stewards of capital as you can see guidance is a little bit below estimates. but that's not hurting the stock as the stock is now at 7% after hours. it's really driven not by guidance that was a little late, but rather by the news of the ali baba tax free spinoff. >>> coming up, facebook reports earnings toll. we'll tell you why one trader is mashing mark zuckerberg might find himself in trouble. [ male announcer ] approaching medicare eligibility? don't put off checking out your medicare options until 65. now is a good time to get the ball rolling. medicare only covers about 80% of part b medical costs. the rest is up to you. that's where aarp medicare supplement insurance plans, insured by unitedhealthcare insurance company, come in. like all standardized medicare supplement insurance plans, they could help save you in out-of-pocket medical costs. taking

julia boorstin is there at the las vegas convention center on the strip.s. i understand that high tech wearables continues to be the dominant trend, no? >> absolutely. high tech wearables. i am decked out. this jacket i will turn it on. this is called the ultimate cycling jacket from a company called visi jacks. you have turn signals and it's safer to commute to work. this is the perfect example of how it's about taking ordinary devices and making them high tech and connecting to the internet. this glove is called zep golf designed to improve your golf swing. this measures exactly how you swing and gives you all this data that you can use to improve your golf swing. it's about taking devices like watches and making them high tech. this is a sony watch. the smart watch 3. you can connect it to your phone or use it to track your fitness and google things on it and say okay google -- people will be paying a lot of attention to devices like these ahead of apple launching the watch later this year. i want to show you the thing i'm holding. it looks like the rin

julia boorstin, what can you tell us?lly, really quickly i'm going to run through the numbers but the real news here is about alibaba. yahoo! reporting 30 cents per share, a penny better than expected. down from 46 cents in the year ago period. revenue at $1.2 billion, a little stronger than expected but the real news is about alibaba. the company announcing that yahoo! has announced a rend days that the board has authorized a plan for a tax-free spinoff for the company's remaining holdings in alibaba. the company saying that this will be spun off into a newly formed independent registered investment company. the stock of the new company will be distributed to yahoo! shareholders. it will be a separate publicly traded company. yahoo! saying it will continue to operate its core business and hold its 35.5 interest in yahoo! japan but that the spun off company will hold all of yahoo!'s remaining 384 million sharesalibaba. the company saying in its earnings press release that with this planned tax-free spinoff, it will have r

now let's send it over to julia boorstin in los angeles for a quick market flash. julia? >> that's right. pandora shares are trading up about 5%, this on two positive analyst reports. bmo saying pandora is well-positioned to sustain long-term growth, as the company benefits from increased usage and monetization. wells fargo analysts weighing in, saying pandora's listener hours are, quote, tracking favorably. pandora shares now up a little bit more than 4.5%. brian, back over to you. >> julia, thank you very much. mandy, i don't know if you saw this, pharrell, "happy," one of the key songs of 2014, 43 million streams on pandora. you know what pharrell said what he got from pandora in royalties? how much? $3,000. for 43 million streams. >> incredible. >>> all right, on deck, much more on the developing story of an apparent major security breach for u.s. central command. plus, we spoke with the ceo aigos pharma an a year ago today, and you will not believe what that stock has done since then. he will rejoin us later on in this show. >>> but first, another huge day for oil pr

we have breaking news from our julia boorstin out on the west coast. >> thanks so much. that's right. dish's sling tv is announcing an over-the-top streaming video service for $20 a month, the key thing here is that it will include live television, specifically espn. so there will be a package of content of about 10 channels including espn, espn 2, tnt, tbs, food network, live television as well as some on demand. the key thing talking about content over the top, $20 a month for a live sports, which has been one of the most important factors, keeping people subscribing to their cable tv bundles. to be able to get espn outside the traditional cable tv bundle is quite a big deal. this news coming from dish. they say they're going to be announcing more content partnerships down the line. right now it's $20 a month for the core bundle of this handful of channels and then also pay an additional $5 a month for a kid's -- for kid's content and additional $5 a month for more news content and that they're planning to launch more sports content for another $5 a month coming up in

cnbc's julia boorstin joins us with the latest on social media in the work place.acebook at work sounds like an oxymoron. >> well, it does sound like an oxymoron but facebook is trying to change its reputation with a test it's working on with a couple companies starting today. facebook at work is an enterprise collaboration tool. the app is totally separate, it's a totally separate experience from facebook designed to give employees the ability to connect and collaborate using facebook tools like news feed groups messages and events. but only with their co-workers. and sources tell me that the company is strongly considering a subscription model that's instead of the advertising model, of its core facebook business. facebook shares flat today. down just a hair. the new focus on connecting co-workers will put facebook into the direct competition with microsoft's yammer, with sales force's chatter program and giant software and start-ups including slack. facebook's new offering isn't much direct competition with linkedin on professionals connecting outside their comp

i'm julia boorstin. chairman tom wheeler now says he's in line with president obama's recommendations on net neutrality to re-regulate the internet as a public utility. his original proposal would have allowed internet providers to charge for fast-lane service. this stricter regulation would ban internet service providers from blocking or slowing down certain sites or apps and from charging companies for prioritization. internet providers who have fought to maintain full control over the rates they charge will likely oppose this, but it could be a win for netflix and others who stream lots of video. they would have to pay for fast lanes. those companies argue it would hamper start-ups' growth. wheeler did leave the door open for some paid prioritization, so just for emergencies, but a vote on the final regulation is scheduled for late february. tyler, over to you. >> thank you. >>> we've already talked about the buying opportunities there may be in stocks, broadly, and in housing, more specifically. so n

i'm julia boorstin with a market flash.keting after reporting better than expected top and bottom line fiscal q3 earnings with stronger than projected margins thanks to digital revenue and success of dragon age. while the fis dal fourth quarter guidance lower than expected the company did revise up revenue and epps targets for march. ea shares trading up over 10.5%. >> thanks, julia. >>> ins case you missed it the tesla model s apparently has a button called insane mode, not to be confused with beast mode. pressing this button in a tesla will take you from 0 to 60 in about three seconds. youtube channel drag times took it for a spin. check it out. >> go ahead and press it. >> i'm not going to throw up. >> i hope not. >> okay. that's enough. okay. i got it. >> oh, [ bleep ]. what the -- >> that's 70 miles an hour. >> whoa! >> that's 60. >> that's the insane button right there. >> oh, my god. brooks. oh, my god. >> that's 70 miles an hour. >> no way. >> punch it, right. doesn't that remind you of hyper drive? >> yes. >> that

julia boorstin joins us with a look. >> that's right, call la.ideo partnership designed to shake up youtube's stranglehold on stars. vimeo has struck with content maker studios which disney purchased last year collaborating to fund content for vimeo on demand. maker creators will sell their content on vimeo before they make it available for free with ads on youtube. >> what vimeo is pioneering is the premium ad free experience for the creator and viewer. this is a massive market up until now has not been developed effectively. >> vimeo allows creators to charge as much as they want. for youtube's cutie pie with 34 million subscribers, vimeo would make him more money. he would only need a small percentage of his fans to pay $5 to rence or $10 to buy his videos to make as much from youtube where ad rates are often just $2 per thousand views. iac owned vimeo takes only a 10% of cut of video on demand fees while youtube takes roughly 45% of ad revenue. ceo trainor says they are not mutually exclusive by die hard fans which pay to see something on vim

i'm julia boorstin with the cnbc market flash. shares falling further than the rest of the it tech sector despite announcing new video tools and private group messaging in a push to keep users engaged and add more. some analysts are questioning whether these developments are enough to drive user growth. this comes ahead of twitter's earnings next thursday u. twitter shares down about 3.5%. over to you. >> thank you very much. markets in the midst of a sell-off going on pretty much all morning long. jim lecamp with ubs joins us this morning from ft. worth. good morning to you. >> good morning, carl. >> you know, it's essentially a snow day here in new york city, but volume for the first 90 minutes above the 30-day average. i wonder given all the earnings today and warnings, if you are sensing a broad sort of shift in investor sentiment? >> okay. here's the thing, carl. look, yeah, we are seeing a change in sentiment and there's takeaways we need to understand here. the strong dollar is good for the economy on a aggregate basis but

our julia boorstin out in l.a. don't forget ebay earnings today, as earnings season powers on. >> yeah. that's going to be important, especially given people seem to be heartened by this netflix move, a lot of other speculative stocks are up. >> they will want more news on the spin coming this year. >> let's get over to headquarters, scott wapner and the half. >> thanks so much. welcome to the halftime show. meet our starting lineup. joe is the senior managing director, of course, at vertis investment partners. josh the ceo of rid holtz management and jon and pete najarian are co-founders of option munsters. black and blue. after yet another earnings day dive, can ibm get back on track or is jim lay venal that's portfolio bet already a bust? street fight. former congressman harold ford and republican joe watkins square off on the president's plan to raise taxes on the rich and why the banks are under fire. the blowout heard around wall street today, netflix crushing its earnings estimates, sending shares soaring. t

. >> let's get over to julia boorstin in the meantime market flash in l.a. >> hey, carl.ism shares shooting higher, the company reporting call of duty advanced warfare was the top selling game last year making it the top sellings u.s. franchise for a six year in a row as skylander's trap team is the number one video game globally. activision to its top pick in the space. shares are trading up over 6.5%. jon, over to you. >> all right. shooting higher i see what you did there. from thermostats to cars the world becoming a more connected place as the internet of things heads for the home. our next guest in 95% of mobile devices and a wide range of connected products. simon is ceo of arm holdings. siming, now you guys clearly are in just about everything that's low power from phones, tablets, activity trackers, but i remember being there with you guys at your headquarters, gosh, might have been six or seven years ago, and in a meeting with warren east you guys were talking about how are we going to make this stuff work in washing machines, will people need smart washing mach

i'm julia boorstin in las vegas. >>> let's talk weather because the new year got off to a cold starte u.s. as a winter weather system brought snow and chilling temperatures. forecasters are expecting a new high pressure system from canada to send the windchill factor falling to 35 degrees farenheit. chicago was hit very hard. >>> the winter chill helped natural gas prices rebound off two-year lows in the u.s. yesterday. but prices appear to be moving back down again later today. joining us once again is sabina shell at bank of america merrill lynch. let's talk about the effect on broader energy stocks. given that we've had this route, does that make it more likely that prices come on par across the range globally? >> the route in oil prices will have an impact on oil linked gas prices. gas prices in europe are still partly linked to oil. as these prices are coming off with oil it will bring it more in line. but the poubt important thing to note is that all of these markets are trading off of their own very weak fundamentals. there's so much supply. in the case of the energy markets,

. >> julia boorstin joins us now with david zaslav. >> thank you for joining us. >> thank you for having >> you announced the final renegotiation with the cable companies is done for the year. >> right. >> and i know there's a lot of pressure with the number of cable subscribers flat to down and pressure to increase the rates you're getting. how did it get? >> we were able to do really well, a number of deals up and part of it is because the viewership of our channel is up over the years so five years ago we were about 5% of the viewership on cable. now we're about 11% with channels like own and i.d. and discovery, tlc, animal planet and a very good story to the distributors that more people spending more time with our channels and we have spent more money on content and we were able to get better than double digit increases. which will be very helpful to us particularly because we're seeing significant growth outside the u.s. in terms of subscribers and viewership. but inside the u.s., it's relatively flat and the growth has to come from either pricing or really outperforming the market

julia boorstin is breaking down the results. >> hi, kelly. shares flying higher now, up about 12.5% on better than expected subscriber additions of 4.3 million and earnings that blew past projections on lower than expected international losses. international growth is a big focus for netflix. reed hastings announcing the company will complete their global expansion over the next two years. that's earlier than expected. netflix announced plans to grow the percentage of its content spending on originals saying it will have 320 hours of original content that year. that's triple the amount last year. kelly, back over to you. >> thank you very much. they are golden they are delicious, but are they potatoes? that's the question behind mcdonald's french fries? a story that's cooking at cnbc.com on the hot list. the details next of the french fry mystery. stay tuned. >>> the trade of the century, that's the story. all of our web viewers can't get enough of today. for that and the whole hot list the site's managing editor joins us now. >> yeah, kelly,

julia boorstin joins us. >> the company pushes to innovate to keep investors and users hooked. tools that are in the apps. users can capture, share, and edit videos up to 30 seconds long with instant playback. all within twit per sop there's no need to swipe out of twitter to your phone's camera or to youtube. for advertisers it promotes videos. with these tools, twitter joins facebook in battling youtube luring consumers and advertisers to their own place too boost ad revenue and user engagement. users can now send direct messages to groups. the company's boosting its investment in private communication, an area that has been criticized by users and investors. twitter hinted at these developments back at its november investment day. under growing pressure from shareholders looking to show just how fast twitter can innovate and roll out new products like these. andrew? >> thank you for that report. >>> coming up next when we return, we've got a roundup of the earnings reports of the morning. that's driving down the markets in a broad way. look at the futures right now at this p