i'm julia boorstin in leanings. >>> here's another look at the market's november gains. dow with the biggest pririsf more than 5%. that does it for "nightly business report" tonight. i'm sue herera. thanks for watching. we want to remind you, this is the time of year your public television station seeks your support. >> and i'm tyler mathisen. have a great evening, everybody. we'll see you back here tomorrow night. -this program is brorought to u in part by a passion for better understanding our world. thoughtful travel can engage our minds, challenge our assumptions, broaden our perspectives, and completely surprise us, just like public television. and by... -bread for the world, an advocacy organization working to end hunger and poverty at home and abroad. -hi, i'm rick steves back with more of the best of europe. this time i'm surrounded by slavic culture... it's bulgaria! thanks for joining us. ♪

i'm julia boorstin in leanings. >>> here's another look at the market's november gains. dow with the biggest pririsf more than 5%. that does it for "nightly business report" tonight. i'm sue herera. thanks for watching. we want to remind you, this is the time of year your public television station seeks your support. >> and i'm tyler mathisen. have a great evening, everybody. we'll see you back here tomorrow night. -explore new worlds and new ideas through programs like this. made available for everyone through contributions to your pbs station from viewers like you. thank you. -recorded music changed the world. i don't think i'm exaggerating. certainly, it changed my world, sunday night, february 9, 1964, when i saw the beatles on "ed sullivan." that night, rock and roll became my life. before recording, music was fleeting and local. now it's global, crossing all cultural, social, and political borders. it's our common language. "soundbreaking" stories from the cutting edge of recorded music is a landmark project of the most comprehensive look at the history of recorded

julia boorstin has the details. >> reporter: consumers have more options for watching video than ever explosion of alternatives to the traditional television bundle. but a new pwc study finds cord-cutting isn't happening as quickly as expected. and the number of consumers who plan to stick with their cable and satellite tv packages is actually on the rise. >> what we found this year in the research is that many consumers are really considering these over the top or streaming services as additives, rather than replacement. and, in fact, of those who have a traditional pay television description, we found that 84% of them plan to subscribe to cable a year from now. >> consumers are holding on to the big bundles of tv channels, despite the array of alternatives, because cord-trimming doesn't guarantee cost savings. in fact, pwc finds that more than half of consumers who trimmed or shaved down their tv bundles are actually paying more for content than they did last ye year. creating a custom bundle of services adds up. subscribing to netflix, hulu hulu, amazon prime, could easily cost mor

for "nightly business report," i'm julia boorstin in los angeles. >>> that is "nightly business reporttonight. i'm sue herera. thanks for joining us. >> tim tyler mathisen. have a great weekend, everybody. get your shopping done. we'll see you monday. >>> "nightly business report" funded in part by hss. >>> our value principles are patient first and we want to deliver the highest quality care. >> the goal of creating and sustaining value is all about putting the patient at the center of the equation. >>> the purpose of this organization is to help people get back to what they need and love to do. ♪ it's all right it's ok ♪ ♪ doesn't really matter if you're old and grey ♪ ♪ it's all right i say it's ok ♪ ♪ listen to what i say ♪ it's all right doing fine ♪ ♪ doesn't really matter if the sun don't shine ♪ ♪ it's all right i say it's ok ♪ ♪ we're getting to the end of the day ♪ whoa! stay back.

for "nightly business report," i'm julia boorstin in los angeles. >>> that is "nightly business reporttonight. i'm sue herera. thanks for joining us. >> tim tyler mathisen. have a great weekend, everybody. get your shopping done. we'll see you monday. >>> "nightly business report" funded in part by hss. >>> our value principles are patient first and we want to deliver the highest quality care. >> the goal of creating and sustaining value is all about putting the patient at the center of the equation. >>> the purpose of this organization is to help people get back to what they need and love to do. >> president obama says he's ready to strike back against russia for meddling in the election but donald trump says the crime of russia is post-election sour grapes have. i'm pete williams. we look at what's at stake tonight on "washington week." >> what i can tell you is the intelligence that i've seen gives me great confidence in their assessment that the russians carried out this hack. pete: the president vows to take some kind of action against russia after intelligence directly links puti

julia boorstin explains. >> reporter: fake news stories are the latest evolution of click bait. but entirely made-up stories designed to generate clicks. some users can't tell the difference, and neither can some of the algorithms that place ads. now the "wall street journal" and others are raising questions about the fact that fake news stories are sometimes paired with ads for big brands, such as this made-up article in a ad for ram truck, funding fake news sites. fiat saying until the technology gets more sophisticated, we must work individually on a site-by-site basis to exclude the growing list of urls and domains considered harmful. secretary hillary clinton just yesterday raised concerns about real consequences of fake articles after a man fired shots inside a washington restaurant that was falsely accused of harboring a child sex ring linked to the former candidate. clearly brands wouldn't want to be associated with those kinds of stories. >> it's now clear that so-called fake news can have real-world consequences. this isn't about politics or partisanship. lives are at

for "nightly business report," i'm julia boorstin. >>> coming up, behind closed doors. does fedex handle 2 million packages a day, and get them where they need to be? we'll show you. ♪ >>> chase's new credit card may be just a bit too popular, and it is costing the bank a lot of money. according to bloomberg, the sapphire card will reduce jpmorgan chase's profit by 200 to $300 million in the fourth quarter. the losses are due to the lavish awards offered to entice users to take the cards. one analyst estimates it will take more than five years before chase breaks even on the card. >>> as we told you, the dow transportation index reached its highest level today in more than two years. that milestone comes at one of the busiest times for the sector, especially for shipping and delivery companies like fedex. morgan brennan gives us a mind the scenes look at the company's high-tech complex in memphis. >> reporter: after dark, this is the busiest airport in the world. and during the peak holiday season, it gets even bu busier. 160 planes land each night, carrying 2 million p

all of the content will be valuable in getting people to buy headsets. >> julia, thank you, julia boorstinn francisco. let's trade this, maybe 2016 wasn't it, maybe 2017 will be it. i will go to the chief vr correspondents on this desk, they have experienced vr firsthand, guy and tim. guy, what do you say? >> first of all, it made me sick. i went out to staten island to do this vr shoot with christian swollinsky who is listening right now. the ride to staten island made me sick, and so did the vr. you feel like you're going to fly into a building. which wouldn't be a first. facebook will figure this out. it's not a reason to buy the stock in 2017. and it's clearly not reason to buy the stock right this second. i do think out of all the companies that are trying to figure this out, facebook will win. >> he looked really goofy during his vr. >> and your arms were probably sore afterwards, from flapping your arms you. look worse, tim. >> i trained on that vr at msg to be a goalie, i've been picking up shifts with the rangers. okay, i haven't. ultimately it will be about whether you have simul

>> all right, thank you, julia boorstin. steve grasso, are you worried about the espn declines?> i am. but it seems like it's such a known intent right now that the stock is sort of meandering between 90 bucks and $100. the 50, the 100, and the 200 average are clustered there. it has to break down or buy out. i like the idea of buying it at the $90 support and looking for higher prices. once it breaks through par which is $100, you'll see better things for them. >> what concerns me about disney in general is it can't get to 100. down at 90, i like that support there. but now we have this whole thing. we know what's going on in this media space, right? it can't get through 100, that concerns me a bit. i guess i would go with grasso and say range trade this thing. >> i still want to own value in the sector. for me, that's cbs and viacom. there's so much uncertainty, why would you expect something to go back to its historical valuation? >>> the once left for dead dry ship surging more than 2,000 in november only to give back all those gains. breaking down the move is a man who capt

julia boorstin is here onset for an appearance with all of the details. lia. >> so great to be here. that's right. rbc outlining whether disney should analyze espn. saying separating espn suffering from concerns about cord-cutting would improve disney's growth rate and more efficiently price the media giant's assets. k-health says disney could spinoff espn to a separately traded public company or find a buyer. doing either would put disney more in play for m & a, putting cash on the balance sheet, disney could use for acquisitions or organic investments. disney ended 1.5% higher but not just on this speculation but on news disney films have set a box office records on the news of the strong performance this past weekend. it's the strength of the movies and how they play into theme parks and products that ultimately determines disney's future, says rbc's cahill. but plenty of reasons that it's worth it for disney to hold on to espn. not just espn's cash flow but the fact that having espn gives disney more negotiating leverage for its whole bundle of channel

. >> we're going to go to julia boorstin talking about how cord-cutting can cost you more money and that? >> well, that's right, melissa. cord-cutting isn't happening as quickly as expected. and the number of consumers who plan to stick with their cable packages is actually on the rise. >> what we found this year in the research is that many consumers are really considering these over the top or streaming services as additives rather than replacement. and, in fact, of those who have a traditional pay television subscription, we found that 84% of them plan to subscribe to cable a year from now. >> reporter: one reason consumers aren't jumping ship from their big tv bundles, cord-trimming does not guarantee cost savings. more than half of consumers who trimmed or shaved down their tv bundles are actually paying more for content than they did last year. creating a custom bundle of services adds up. subscribing ala cart to netflix, hu hulu, hbo and showtime to run more than $50 a month and does not include the cost of broadband. a bundle like directv now or sling tv easily surpasses the lowe

julia boorstin is at the ignition conference where she is sitting down exclusively with titan iac, and barry diller. take it away. >> thanks so much, melissa. and barry diller, thanks so much for joining us here. when i last interviewed you in october, you were very critical about the time candidate donald trump. now that he's won the election, what does this mean for your businesses? back then, you called his rise an evil miracle. what now? >> well, i mean, it is kind of a miracle. and i have no idea what effect it has on our businesses. but, look, 50% of the country wanted things to continue as they. were 50% wanted change. the 50% that wanted change has gotten it. or has gotten the chance of it. so as far as i'm concerned, bring it on. let us see what this is like. it is kind of a grand experiment. we are every day -- we see things we have never seen before. now, you know -- certainly, they're interesting. and i am, of course, skeptical. but at the same time, i say, you know what? this has been a vote for change. so and it seems like we are going to see almost undiluted change. so f

julia boorstin in san francisco. >>> many u.s. companies are hoping for more favorable terms if donald trump walks away from nafta farmers are worried. jane wells went to a place appropriately name d powerly, wyoming. >> they're hanging on my every word hire. big agriculture is criticized for being too dependent on government, price supports or taxpayer subsidized crop insurance. here at the cattle ranch in wyoming, he's suffering from too much of a good thing. there is a glut of just about everything, driving beef and grain prices below. everyone is hoping that the president-elect will not trigger a trade war, not even with nafta. >> prices shouldn't have gotten this low. most of us didn't expect them to get this low. but they did. anybody that is watching this would do me a great favor if they go out and buy a steak. >> or two. >> or two. or 10. >> all right. he says his places are down about 50% from a year ago. he's going to have to dip into savings this year. usually he would sell one of these for a thousand dollars. he's get

julia boorstin explains why. >> reporter: the north american box office will hit a new record this yeartopping $11.3 billion, according to comp score, but hidden in that record are some concerning trends. higher ticket prices are driving the record box office haul, not bigger audiences. attendance is expected to be flat from 2015 but down about 6% from a decade ago. >> when you look at the percentage increased over the years in box office revenues, often that comes a little bit at the expense of attendance because of those higher ticket prices. >> reporter: thanks to declining home entertainment revenue, higher marketing costs and fewer big hits, average profits at the seven biggest studios fell 17% through september, according to cowen. >> i remember my family! >> reporter: and disney dominated, earning more than half of industry profits in that period with five of the ten biggest films of the year, including the top two, "finding dorrcto dori" and "captain america: civil war." all of the studios suffered from flops, from "ben her" to "bfg" to "the divergent series, allegiant." only 3

right to the julia boorstin. >> facebook is targeting hoaxes spread by spamers. the company's making it much easier to report hoaxes and mark news at fake. facebook's working with third party fact checking organizations to flag stories and explain why flagged. dr they can't be made as and promoded. they've working on these to minimize stories that seem misleading and to shut down the financial benefit of fake news. it's eliminating the ability to spoof domains. with shares down about 3%, bucking the market's rise, we'll see if these steps critics as well as investors. >> thank you very much. from los angeles. look who's come to the table. you made it. >> hi. >> from the new york stock exchange. >> i love the green. we're coordinated. where's your green? i know you have one. >> i do. 20 thourk. >> good to have you. >> we have 20 thourk, i',000, i on. yahoo!'s hacking headaches could be turning into a giant migraine. the fbi launching an investigation and now, report that is verizon may scrap its deal with yahoo! all together. very latest on this story coming up an

julia boorstin is live in los angeles with more. julia. >> reporter: hey, brian. that's right.one" demonstrating they can expand the franchise into an annual film eventuality. "rogue one" grossing $150 million, the third biggest of the year, and $290 million globally so far. disney with a buy rating of a $125 price target for the stock. jpmorgan projecting that disney studio could generate $600 million plus in profits on the film, which will have a near-term positive impact on consumer products revenue, and longer-term could boost theme park attendance and spending at the two "star wars" lands in the works. this bullishness on disney's studio in sharp contrast to concern about espn and disney's largest division media networks weighing since august of 2015. but disney with six of the top ten films of this year, if you include carryover performance from "star wars" "the force awake" in the likes of "zootopia" and reboots such as "the jungle book" and "america's civil war" and "finding dory." now "rogue one" will have to prove itself over the holidays. but the film does have an 84

julia boorstin.a and some big questions about what the future of viacom is. >> right. i think what we're seeing here is the natural progression of something that's been going on now for at least really kind of over a year. and it's really the solidify kags of the next -- of the hand off here to shari redstone who really clearly is in control here. following on this abrupt change in strategy, you know, to merge, now to keep them separate, which by the way i agree makes some sense particularly if there might be -- i mean -- paramount could be a very attractive asset. we've seen what's happened with time warner. you start to turn that thing around a little bit could probably get a good multiple on that. we'll see what the future holds there. but clearly we are dealing with someone who's really, really old at this point and should not have been in these positions, frankly, everyone as long as he was. >> you feeling good about media stocks overall? stories about the fcc having republican chairman and so f

julia boorstin talking twitter and social media at large.s we've been talking, europe is closing mostly in the red. let's get over to seema mody. >> european stocks pulling back from highs we saw yesterday with financials among today's biggest losers. let's talk about the italian lender now falling to an all-time low earlier this session as you can see in this chart right here. here's an update. struggling italian lender estimating it will run out of liquidity in four months and not 11 months as bank previously thought. meantime, italy's parliament approved a government request for a 20 billion euro rescue loan to prop up the troubling banking sector. we have seen shares down 12% in today's trade. spanish banks in the red. eu's top court ruling against them in a dispute over variable rate mortgages. the court deciding that spanish borrowers are entitled to be fully reimbursed for excess interest payments for such mortgages. you can see names trading in negative territory. as we round out the year, wall street and many strategists are putting

julia boorstin has more. >> snapchat is pulling out the stops to draw in retail ad dollars in what is the most important quarter of the year for ad-based businesses, the crucial holiday season. it's looking to boost its revenue ahead of the ipo. nordstroms is looking to add sound to their selfies. they can play with a sponsored lens for 20 seconds before sending it along to their friends. nordstroms is working with other retailers. target and american eagle have major campaigns underway. the ads play for up to ten seconds giving snapchatters the option of swiping up on the ads to see more. and it is not just lenses and video ads, snapchat has been quietly rolling to it a new ad format this fall. snap codes embedded in tv shows that can be scanned to unlock an exclusive lens or filter to layer over a photo. they have run on 15 shows including gilmore girls, the simpsons marathon and nbc's "hairspray live!" this is a crucial way for the company to diversify revenue streams ahead of the ipo in march of next year. e-marketer says snapchat will generate $370 million in revenue this year, a

julia boorstin joins us onset with more. and you were watching the hearings as well, all day long. think what was so interesting was the sort of redrawing of the competitive land escape. >> yes. absolutely. randall stephenson, ceo of at&t said this is not about consolidation. because you're not getting rid of the competitor. they stress this is about vertical integration. so not really changing the competitive landscape, and if anything, really necessary to strengthen these media companies and mark cuban was a really interesting voice to hear from. you don't think of him as being involved in this. remember, he invented broadcast.com years and years ago and talked a lot about how to give these chances, these traditional media companies any chance to compete in this new digital landscape, they're going to have to merge. take a listen to what he said. >> the idea that tv is the dominant content delivery mechanism no longer is valid. instead, we feel our time by consuming content from facebook, instagram, snapchat, messenger, what's app and slowly from virtual reality companies like oc

i'm julia boorstin.ake news and ads being paired with questionable content, advertisers are making moves to ensure they're only backing real news. agencies meeting with clients and partners, sources telling us they want more control over what kind of content their ads are placed next to and inadvently backing. positioning itself as a solution, mobile ad company, cargo, puts brands' ads on 300 premium mobile news sites and apps from the new york times to nbc universal to hertz, saying it's ranked in the top 1% for brand safety as measured by integral ad science. >> the reason people advertise in times square, they lift the brand. when you look at digital advertising, especially on mobile, finding great places, great editorial places to run is super important. and we have lost sight of that as part of, you know, the advertising ecosystem. >> ceo michael casten says he sees not only print companies like the "new york times" benefitting from an increase in ad dollars but also cbs, fox, nbc and abc's digital

julia boorstin has a look at the numbers. what have we learned, julia?well, kelly, it's not going to be as big as "portion awakens" but fandango reports it's the top ticket seller and the second of all-time behind force aquawakenawakens, and mak biggest thursday night preview of the year. disney said the film is on track to pull in somewhere in the high $60 million range domestically through this evening. and the film is expected to gross as much as $300 million worldwide this weekend. piper jaffray estimates it will generate more than is billion in total revenue for disney. it's a key test of the potential to expand lucasfilm outside "star wars" core narrative, to turn it into an annual event to film not just the studio but demand for consumer products and the two "star wars" in the works in orlando and anaheim. disney shares have been under pressure on concerns about the health of espn, but the studio dominated one quarter of the u.s. box office this year with five of the top ten films, including "finding dory" and "captain america." piper jaffray stil

our own julia boorstin has more on that story. julia. >> hey, david. that's right.agram growth is accelerating. the company just announcing 600 million monthly active users which means it's added its latest 100 million users in six months. which would be its fastest growth rate ever. and the company has doubled its user base in just two years. now, this remarkable growth means that snapchat's growing popularity is not eating into instagram's growth. it also has new features such as instagram's stories, which is awfully similar to snapchat. the company has also taken steps in the past six months to crackdown on abuse on the platform. now, instagram's accelerating growth is particularly striking in contrast to twitter, which has struggled with stagnating user growth stuck at around 300 million users since the first quarter of 2015. that means twitter's half instagram's size. guys, back to you. >> julia, thank you. you know what else snapchat has that instagram doesn't? secret weapon? >> what? >> deejay kalid. majorly. he has helped -- >> i have the same reaction, davi

julia boorstin is live with the latest. there are a lot of dominos that fall because the deal falls apart. >> absolutely. that's right. national amusements announcing it asked the boards to discontinue their exploration of a potential combination. cbs recovered most of the early losses, vie cam shaacom shares trading down. sumner red stone's holding company is issuing a statement praising viacom's ceo saying we are confident that with this new strong management team the value of the assets can be unleashed. a source close to the situation tells me national amusements looked at what both would wouldn't and couldn't come up with a valuation that made sense for both cbs and viacom. analysts say they're looking for signs of a viacom turn around. this raises the question if cbs didn't want it, should an investor want it. we have low expectations working in his favor. the board including sherry redstone has growing confidence to turn things around. the board is expected to move interim from the ceo title at a meeting which variet

julia boorstin has the details. julia? >> hey, kelly. that's right.witter cto adam messenger, says he is leaving the company. he tweeted that he has decided to leave twitter to take some time off. he thinks jack dorsey, ceo of twitter. jack dorsey thanked him for everything he has done. this comes just about a month after twitter's chief operating officer, adam bain, announced he is leaving the company. so certainly a lot of upheaval at the management level. jack dorsey, of course, has faced questions about the fact he's running two publicly traded companies, twitter as well as square. and, of course, twitter has been making many changes to the platform with the new focus on live to try to accelerate its user growth. kelly, back over to you. >> thank you, julia. has been in a position for a couple years. again, the narrative simply about executive departures. >> right. and the stock not moving, because it's not too far from a low. i think this is the story for a while now, right? dysfunction. product hasn't evolved very much. i don't think that necess

julia boorstin is in new york where some of the top media executives are speaking out about how the trumpsiness. julia? >> reporter: hey, kelly. president-elect donald trump has said he would block at&t's acquisition of time warner. ahead of the senate hearing on the deal tomorrow, here are the business insider ignition conference time warner, ceo, jeff buick us dismissed trump's opposition. >> it will seem by everyone to be pro competitive, pro consumer, improve competition in advertising with the big digital companies that we know are getting the lion's share of advertising at google and facebook. and more competition in the subscriber choice. >> at&t ceo randall stephenson was also bullish on the deal and he said at&t will benefit from trump's regulatory changes. >> positive development, just in terms of investment and so forth. if you think about the day of the election, there were five or six key issues to the fcc. they're gone, okay? and a republican commission, michael o'reilly are strongly on record against all of those. >> certainly a lot of discussion about what's going to chang

julia boorstin joins us with details on new steps facebook is taking to fight fake news. >> that's rightfacebook saying it is starting by targeting hoaxes spread by spamers. the company is making it easier to mark news as fake and working with third party fact checking organizations to flag stories and explain why they are flagged. flagged stories cannot be made into ads and promote skpd can only be shared if you click past a warning. facebook is working on the changes to help minimize stories that seem misleading in your news feed and to shut down the financial benefit of fake news. facebook is eliminating the ability for companies or for fake news companies to spoof domain names. this isn't just about doing the right thing. it could end up being crucial to protect facebook's bottom line. making these types of changes will be key for facebook along with google and twitter to maintain its users' trust. >> all right. thank you. time for a cnbc news update with sue herera. >> and here is what is happening this mour. a jury has unanimously convicted dylan roof on all 33 counts in the racial

julia boorstin has the latest. >> reporter: disney shares getting a lift from those stronger than expectedumbers as well as from merrill lynch adding disney with buy waiting and $125 price target on the stock. disney announced that "rogue one's" block-bustibuster numberg it to first -- demonstrating that disney can successfully spin off "star wars" films and expand franchise to annual film event. "rogue one" grossing better than expected $155 million in north america, third biggest opening of the year. $290 million globally so far. jp morgan projecting that disney studio can generate $600 million plus in profits on the film which can have a near term positive and longer term could boost theme park attendance and spending at the two "star wars" lands in the works. it will face a slew of competitors analysts are bullish that on strong critical reviews and strong word of mouth it will hold up pretty well. back over to you. >> thank you. is the strong week in box office a reason to be bullish? let's bring in ivan who joins us here. he has a strong buy rating on disney. and larry haverty joins

julia boorstin takes in a movie this afternoon. julia? >> thanks, tyler. a thousand people are watching a sold out screening of "rogue one." we'll tell you how many millions of dollars this latest "star wars" film is generating for disney after the break. hey gary, what are you doing? oh hey john, i'm connecting our brains so we can share our amazing trading knowledge. that's a great idea, but why don't you just go to thinkorswim's chat rooms where you can share strategies, ideas, even actual trades with market professionals and thousands of other traders? i know. your brain told my brain before you told my face. mmm, blueberry? tap into the knowledge of other traders on thinkorswim. only at td ameritrade. >>> welcome back. interesting comments from several members of the fed. mr. lacquer is making some comments saying that based on the recent activity, he says, that engineering of soft landing for the u.s. economy will be a challenge for the fed. he also says that the fed will likely need more than three rate increases this year. he says more interest rat

julia boorstin is live in los angeles with details on that. >> instead of having to pay for a tv bundleo surf between hbo and cbs now you can pay to watch content on channels over the internet. cbs nfl games will be available on all access which is a $6 a month streaming service and now it will be easier for amazon prime subscribers to sign up for hbo and cinemax joining channels. turner just launched a subscription movie service film struck on apple tv with plans to launch on roku and google chrome cast as well as the rest of the major services next year. these advancements come as directv now launched. not only was it missing cbs and access to show time but error messages sparked critical tweets and headlines about those errors preventing streaming. directv responding quote engineers resolved the issue and we haven't experienced it since. we will have to see how the news impacts the decisions of cord cutters. >> it's interesting to see these developments. it feels like it is all very incrementme incrementmental. amazon had access to hbo's back catalog. was it seen as a front runner? >

jennifer fitchy and craig move et and julia boorstin.ongress doesn't approve or not approve a merger. the doj, possibly the fcc could play a role as to whether or not this goes through. the subcommittees oversee the doj. it is important. from that standpoint, do you think it was a convincing case that it is not a matter of competing against the likes of a comcast, but really redrawing the lines of competition to include the googles of the world. >> well, yes and no. look, the -- antitrust issues that this raises are all vertical. and i think it got a relatively gentle treatment. our view now is that the deal is probably more likely than not to get approved. and that the vertical issues, while real, are probably not going to be show stoppers, particularly if the jurisdiction for the merger review is only in the doj and not in the fcc. i think that was actually perhaps most important in the most interesting part of the hearings today was whether or not the fcc would have any jurisdiction. >> julia, i know you're listening to the hearings c

. >> let's get to julia boorstin with a news alert. >> here at the business insider ignition conferenceeo randall stevens saying stevenson saying he believes that the upcoming trump presidency will be a good thing for at&t and its rivals. take a listen. >> this is very positive development for our industry. it is positive development just in terms of investment and so forth. if you think about the day of the election, there were five or six key issues at the fcc being shoved through. and they included privacy, how we're to be regulated on privacy. those five or six issues with the exception of zero rating are done, they're gone, okay. and a republican commission are strongly on record against all of those. >> stevenson was also confident that at&t's pending acquisition of time warner will be approved, despite trump having come out against it. he's heading down to d.c. for the senate hearing on that acquisition, which is tomorrow morning. back over to you. >> julia, thank you very much. >>> the dow up 900 points in the four weeks since election day. can this trump rally continue? our nex

julia boorstin joins us with a look at what the latest "star wars" blockbuster means. >> reporter: the take away is that disney's lucas film can successfully spin off stand aloin "star wars" fillsms. rogue one grossed $155 million in north america and globally brought in over $290 million before its open in china and south korea. disney shares have moved higher in part because merrill lynch added disney to the u.s. one list reiterating buy rating. jp morgan with overweight rating on the stock projected 600 million plus in studio profits for disney on the film. analyst writing this impressive opening weekend performance of the first spin-off film solidifies it as a major franchise with great longevity. now we will have to see how the film holds up against sing, passengers and a slew of other holiday films. even without rogue one disney has six of the top ten films of the year if you include carryover from star wars the force awakens 2015 debut. plenty of films to watch. >> thank you very much. despite the concerns raised on behalf of espn can blockbusters like rogue one and other movies

julia boorstin joins us with a look at good news and not so good news. >> the north american box officea new record it year, topping$11.3 billion. despite that record average profits of the seven biggest studios fell 17% through september that is due to declining home entertainment revenue, high marketing costs and the fact that there are fewer hits. higher ticket prices are driving the haul, not bigger audiences. attendance is expected to be flat from 2015 and down about 6% from a decade ago. while china's box office grew by almost half last year this year chinese growth basically flat lined as uncertain economic forecasts raised questions whether the box office projected to top out of north america next year will be bullet proof. there are signs of cracks in hollywood systems. everyone suffered from at least one high budget flaw to lion's gates allegiant. studios are feeling pressure to innovate. only 3 of 14 summer sequels out performed the predecessors. word of mouth spreads faster. >> stick around. let's bring in paul, box office analyst at com score. is this locking? is 2017 going

and julia boorstin joins us from disney's el captain theater in hollywood.ning, andrew. here at the theater, disney has a costume exhibit set up with original costumes from the film, to celebrate its first "star wars" spin-off. the film is expected to gross at least $300 million worldwide this weekend. piper jaffrey estimates that it will generate more than $1 billion in revenue for disney. it's a key test of the potential to expand lucas film outside "star wars" core narrative. this film has a totally new cast of characters, and it's part of a push to turn "star wars" into an annual event to fuel not just the studio, but also demand for the "star wars" products and the two star wars land. and so far the outlook is good. we'll get numbers on the early screenings in just a few hours. with disney shares under pressure in recent years and the concern of health of espn, analysts have been looking more closely at the studio. disney set records this year, dominating one quarter of the u.s. box office with 5 of the top 12 films of the year, including "finding dory"

julia boorstin joins us with more. >> hey, melissa.fice on track to top $11.3 billion. that's up about 1.5% from last year's record. but hidden in this new record are some concerning trends. higher ticket prices are driving the record box office haul, not bigger audiences. attendance is expected to remain pretty much flat from last year but still down about 6% from a decade ago. and thanks to declining home entertainment revenue, a high marketing cost and fewer bigger hits, average profits at the seven biggest studios fell 17% in the first three quarters of the year, according to cowen. and disney dominated, earning 50% of those industry profits in the first nine months of 2016. plus, all the studios suffering some high budget flops from paramount's "ben hur" to disney's bfg. while box office grew 48% last year boosting hollywood revenue, this year chinese growth slunk to less than 9%. only three of 14 summer sequels outperformed their predecessors. certainly some trends to watch. >> certainly. thanks, julia. coming up, we're going to