when you run live, you run simple. >>> netflix ceo reed hastings speaking with julia boorstin at thee conference. julia joining us now with the highlights. there were many. in what was a rare appearance, julia, for reed hastings. >> reporter: yeah. it was a great, wide ranging interview. hastings has grown netflix to over 100 million users around the world. now it faces more competition than ever. i asked hastings whether or not he's concerned about amazon. take a listen. >> they're so scary. everything amazon does is so amazing. how are they doing so many different business areas so well. they're repealing the laws of business of limited capability. we're continuing to watch them and be amazed by them. they're helping to grow the industry. >> reporter: hastings has acknowledged that they're driving up content costs overall. hastings made a point of saying they're not going to try to out amazon amazon. they have no intention to invest in live news. hastings pointed to where growth is coming from overseas. >> we have a lot of room to grow in asia. >> you're licensing to china. are you

i'm julia boorstin in los angeles. >>> that's "nightly business report." i'm sue herera. thanks for joining us. have a great evening, everybody, and we'll see you back here . >> this is bbc "world news america." >> funding of this presentation is made possible by the freeman foundation and kovler foundation, pursuing solutions for america's neglected needs. >> planning a vacation escape that is relaxing, inviting, and exciting is a lot easier than you think. you can find it here in aruba. families, couples, and friends can all find their escape on the

julia boorstin takes a look at the unusual and complex venture. >> comcast and charter are partnering for one year to improve their position in the competitive wireless market. ahead of comcast launching a wireless service this year and charter entering the market next year, both using verizon's network in their cable footprint. this ewon't buy other wireless companies or make related deals without consulting with each other firs the partnership aims to help them save on costs, and better compete with at&t, t-mobile and sprint. they'll encourage customers to use wi-fi hot spots whenever possible. >> we've seen the core cutting happening more rapidly than we saw it. but these companies want to have a relationship with consumers. and this is one way to do that. the more service they can offer in the bundle, the better they can make that bundle, obviously their customers attention is better from a consumer standpoint. >> this puts a hold on any big acquisition by either cable giant. comcast shares were flat on the news, while charter shares traded down on speculation about potential tele

i'm julia boorstin in beverly hills. >>> facebook will hire 3,000 workers to monitor content and remove questionable material following postings of suicide and murder. the employees will review millions of reports that facebook gets each week about posts that may violate its terms of service. facebook already has 4500 workers who review posts. >>> federal reserve policymakers acknowledge some of the weakness in the economy and decided now is not the time to make a move on interest rates. but the central bank did signal it is still moving ahead with policy tightening. steve liesman reports tonight from was >> reporter: the federal reserve looked through economic weakness and signaled to markets that a june rate hike remains on track. consumer spending grew only modestly. it went on to say fundamentals underpinning continued growth remain solid and said the slowing of growth in the first quarter is likely to be transitory. it said specifically that economic conditions were likely to warrant gradual hikes in the future, leading many to think that a rise in june is expected. >> the economic

julia boorstin tells us why. >> reporter: airbnb has transformed the way people travel and created a whole new category of accommodation. the service has 3 million listings in 61 different countries. the company has grown to a $31 billion valuation. >> consumers have spoken. 160 million people have used airbnb and had a positive experience. hotels should recognize what are the lessons to be learned from our success. >> reporter: here at airbnb's headquarters, they're looking to shake up more than just the hotel industry as had he roll out experiences around the world to transform everything about the way you travel. >> from surf lessons to cooking classes, airbnb wants to give you new ways to experience the city you already live in or visit around the world. >> we see opportunities in the verticals of family travel, business travel, luxury. these are growth opportunities that we're just beginning to tap. but beyond accommodation, we're thinking about the travel experience end to end. our most recent launch has been something we called experiences, basically allowing travelers to conn

for "nightly business report," i'm julia boorstin in los angeles. >>> the media industry isn't the only one going through a transformation. so is retail. 2017 is on track to be a record setting year for bankruptcy filings and store closings. but if consumers are by many measures spending, why are the retailers hurting so much? courtney reagan explains. >> reporter: retail may be at a tipping point. more shopping is shifting online in general, and to amazon specifically, which is hurting store sales. consumers are spending more on travel instead of clothing. and investing in their homes rather than adding to their closets. the shifts have been happening over time. but after the recession, mall landlords gave concessions like lower rent or better lease terms, hoping to prevent ghost malls. several years later, as retailers weakened, equity firms stepped in, injecting cash to help prop them up. those owners provided the financing, but the interest payment on the debt is due now, which is the ultimate reason many of these retailers are closing for good. in fact half of the retailers filing

but as julia boorstin reports, he was also very controversial. >> reporter: roger ailes was founding ceo of fox news in 1996. he became chairman of fox tv stations group as well in 2005. he was ousted last july following a sexual harassment scandal and a series of lawsuits. in the five decades prior, ailes rose to become one of the most powerful people in american media, building the fox news channel into a billion dollar brand and transforming the capable news landscape into what it is today. in addition to building fnc into a news powerhouse, ailes was president of cnbc for three years before launching fox. he consulted to republican presidents richard nixon, ronald reagan, and george bush, and advised president trump's campaign, helping with debate prep. 21st century fox's ceo rupert murdoch says he will always be enormously grateful to ailes. he forged an indelible mark on the american landscape. for "nightly business report," i'm julia boorstin. >>> that is "nightly business report" for tonight. i'm sue herera. thanks for joining us. >> i'm tyler mathisen. have have a great even

julia boorstin takes a look at what lies next for netflix. >> netflix and its ceo have changed quite a bit from the days of red envelopes delivered by the postal service. netflix had 600,000 subscribers only in the u.s., paying $20 a month for dvds by mail. with about 11,000 titles. now, netflix is a global entertainment powerhouse. with 100 million subscribers in over 190 countries. paying about $10 a month for streaming. distinguished by the original content. according to an early shareholder, netflix's success is driven by its ceo's vision. >> reed is an incredibly gracious and humble guy. so he's probably going to cringe when i say this. but he is wicked smart. and i don't mean in the, i'm the smartest guy in the room sense, i mean someone who's capable of thinking of first principles yet also at the visionary level. >> the number of titles netflix offers varies from country to country. the company says it streams more than 125 million hours a day. netflix's growth will come from continued global expansion, and more exclusive content. the company's releasing more than 1,000 hours

julia boorstin is in los angeles with more. >> paid tv providers had their worst first quarter ever losing 500,000 subscribers which has raised concerns this week about media stocks. those concerns were then fueled more by time warner's turner and viacom showing advertising declines. sparking questions about whether higher ad rates will be able to outweigh ratings declines and cord cutting. now investors are looking ahead to disney which reports tuesday afternoon. analysts projecting a 3% decline in revenue and nearly 5% decline in earnings per share on tough comparisons to the year ago quarter. on the heels of espn layoffs investors are looking for insight into disney's media networks division in light of concerns about cord cutting. and the impact of disney's record-breaking run at the studio, most recently with "beauty at the beast," there's a run that's likely to continue this weekend with debut of "guardians of the galaxy volume 2." the film brought in $17 million here in the u.s. last night. that's the highest preview gross of the year. and the film's on track to gross as much as $15

julia boorstin has the results. the first one as a public company. julia. >> reporter: hey, kelly.enue a hair lighter than expect. company reporting $149.6 million in revenue. thompson analyst consensus was for $158 million in revenue. of course, a lot of focus on that daily active user number. the company had an average of 166 million daily average users. that's an addition of 8 million from the prior quarter, a reaction sell ration after we saw a deceleration towards the end of last year. it is about one million fewer users than the average analyst's expectations as gathered by street account. now, average revenue per user was 90 cents, right in line with expectations and up 181% from the year ago quarter. in terms of earnings, we don't have a non-gap eps number, which is the number we usually do, but adjusted even out earnings was a loss of 188 million, which appears to be a loss of about 8 or $9 million more than analysts expect. we will continue to work on the eps number. so overall we see revenue falling a hair light, but the user additions pretty much in line with expectatio

julia boorstin on facebook, phil lebeau on tesla, d.d.t, dominic chu, and susan lee. so we will see you guys very shortly. we'll see what order all of these begin to come in. joining me on the panel we have senior markets commentator michael santoli. good to see you again. >> great to see you. glad to have you back live in these markets. the nasdaq odometer rolled to six, beyond that not much happening. >> vice chair and head of investment group is with us. along with neil hennessy. a great group for this after noochblt welcome, everybody. mike, that's what i was going to say. there were interesting comments from david eihorn talking about the amazing performance of facebook and apples and everybody's of the world. granted, the nasdaq is taking a pause but he would liken it to the bubble we saw in 2000. >> yes, and particularly tesla is one he was pointing to, where it is not a profit story unlike the other stocks. but i think there's a sense in which with lack of imagination or lack of confirmation the economy is accelerating, do you thr

guys back over to you. >> thank you, julia boorstin. the stock is not getting much of a boost in the after hours and tesla is out with a big miss and the stock is down by just a percent in the afternoon session. so after huge runs in both of these names, what do you do? how do you interpret the stock movement on the back of these reports? >> i thought the facebook quarter was great. i think year over year quarterly revenue up 49%? it's a staggering number for almost a half a trillion dollar market cap company. i mean, their growth is ridiculous. there are 7 billion people on the planet, 1.94 billion are now on facebook which is, if you think about it pretty remarkable and maybe people are saying where is the growth going to come from and that could be it, but i'll tell you flat out this is a significant quarter and maybe the sell-off is people taking profits in the name. >> the stock did rally 10% and that's serious market cap and obviously incorporating a lot of good news and not too different from what we saw with apple last night. i

julia boorstin.ant to check in on the markets here because the s&p and nasdaq hitting record highs. doesn't take much these days, fractional moves, but record territory. all are positive. the dow lost an earlory 30 point rally or so, up 6 points. apple still the biggest contributor to the dow's rise. mean tike the so called fear gauge on wall street falling to its lowest level in more than a decade. watching shares with pandora. the company posting narrower than expected loss and revenue below consensus but announced kkr agreed to invest $150 million into the music streaming service. while pandora explores strategic differences. down though. >> a cnbc exclusive with john wald r waldron. and then later facebook, google, apple, twitter, all making big bets on original content. we will talk with one producer helping lead the streaming push when "squawk alley" comes back. ♪ >>> dow up about 11 points. send it to wilford frost live from goldman sachs's second annual director's symposium in chicago with a

julia boorstin spoke with disney's ceo about the quarter. >> reporter: the one key takeaway for disney, for all the concerned investors, disney says it has it under control. bob iger says disney is planning for the digital future, to eventually have new digital revenue compensate for declines in the traditional tv business. >> what we're seeing is some significant growth of espn subs and other disney channel subs, meaning disney-owned channels, on those platforms. but so far it's not enough to make up for some of the losses on the traditional ones. we believe ultimately we'll see that. but these platforms are brand-new. >> reporter: iger says the strength of espn's brand and consumer demand for sports makes the service appealing to new platforms such as hulu's new tv bundle, saying the platforms are just as valuable per subscriber as traditional tv is. as for reports swirling that iger is running for president, he says he's focusing on his job at disney for the next few years. >>> robin didrich joins us, a media analyst at edward jones. robert, what do you think of what mr. iger just s

julia boorstin is in los angeles with more. >> reporter: pt providers lose half a million subscriberswhich raised concerns about media stocks. those concerns were then fueled more by time warner's turn irand viacom showing average highs in decline, striking questions about whether higher ad rates will outweigh rating declines and cord cutting. now investors are looking ahead to disney, which reports tuesday afternoon. analysts projecting a 3% decline in revenue and 5% per share on tough comparisons a year ago quarter. on the heels of espn layoffs, investors are looking into insight into disney media network divisions in light of concerns about cord cutting and the impact of disney's record-breaking run at the studio, most recently with "beauty and the beast," there is a run that continues with a debut "garduardia"guardians of " the film is on track to gross as much as $150 million at the domestic box office this weekend, which makes it the second biggest opening behind disney's "beauty and the beast." internationally the film grossed $167 million t. film shows marvel's ability to turn

our julia boorstin joins us from l.a. with more. oing to wait on julia, wait till she gets ready, and welcome our guest from fandango. good morning to you. worst in years. >> domestically it was pretty low. internationally, make not so much. pirates of the caribbean grossed over $63 million. over $60 million in china and russia. domestically, however, a lot of people barbecuing this weekend. >> what happened 18 years ago? i'm curious. things seemingly are moving only one way, aren't they, in terms o people's willingness to go to the box office? >> there are lots of options now. i think film critics are more important and more influential maybe now thain've ever been before with so many options for your entertainment. options over the weekend, people are looking for quick decisions. they're looking for reviews. help me make a decision. do i go barbecue or see "pirates of the caribbean?" >> we have julia boorstin now from l.a. julia, what is it? netflix, barbecues, or a poor selection for the weekend? >> we had "pirates of the caribbea

julia boorstin joins us to take a look at that. >> most ipos of disrupter 50 companies since we startedve years ago. they're part of an overall surge of ipos expected to continue, putting 2017 on track for the first annual increase in ipos for four years. 24 u.s. ipos in the first quarter of the year, tripled the number in a year ago quarter. and there is a robust pipeline. 33 new registrants. and renaissance etf that tracks ipos. a company from the 2013 disrupter 50 list, shopify, its stock up more than 115% year to date and gained almost 250% year over year. now, in contrast, while snap and trulio both had big celebrated ipos, their stocks have been struggling. snap, of course, out of the gate but plummeting on its first earnings report while twilio but stock started to drop last fall and splumted after its most recent earning report, on news it's losing a chunk of its business from uber. and then there's okta and cloudera. so far they're trading above their ipo prices. we'll see if that changes. the 2017 disrupter 50 list will be revealed tuesday on ""squawk box"." carl? >> julia, es

our julia boorstin is on the scene with more. julia. >> reporter: hey, kelly. that's right. netflix ceo reed hatings tells me he is scared of amazon, really scared as amazon ramps up its investment in original content. but he says he is going to broaden the library and grow the subscriber base. >> if we try to out amazon amazon, that's a losing battle. we have to be a special play. we're trying to be starbuck's, they're trying to be wal marlt. what they do is incredible so, no, we wouldn't focus on those things. we would focus on how to be the embodiment of entertainment and joy in tv shows. >> as netflix growth starts to slow in the u.s., hastings pointed to markets with the biggest potential. >> have done awfully well in latin america, europe and in north american. we have a lot of room to grow in asia. >> what about china? you are licensed in china but are you still trying to launch there or is it off the table? >> i think it is off the table for next cup many of years. >> reporter: when i spoke to hastings, he said the show he was most looking forward to was the crown. t

julia boorstin with the disruptor 50 list. coming up at 8:30 a.m.tern, we'll speak to the ceo of up intake, number five on the disrpdi disruptor list. >>> still to come, an hour with the man known as the hollywood brand father. he sects celebrities with brands to endorse. his casting list including aaron rodgers, shaq, lebron, katy perry and mra do madonna. toes bringing red sox slugger david ortiz. that's coming up at 8:40. [vo] when it comes to investing, lit can provide what we call ane unlock: a realization thatnce. often reveals a better path forward. at wells fargo, it's our expertise in finding this kind of insight that has lead us to become one of the largest investment and wealth management firms in the country. discover how we can help find your unlock. the power of a low volatility investing approach. the power of smart beta. power your client's portfolio with powershares. before investing, consider the fund's investment objectives, risks, charges and expenses. call 800-983-0903 for the prospectus containing this information. read it care

julia boorstin. pe have about three hours until the "closing bell" here.er across the board. on track for the best day for the month of may. our final trades, next. the power of innovative thinking. the power of 100 of the world's top companies. the power of an etf. the power of qqq. the thinking we put in, clients get out. power your client's portfolio at powershares.com/qqq. before investing, consider the fund's investment objectives, risks, charges and expenses. call 800-983-0903 for the prospectus containing this information. read it carefully. distributed by invesco distributors inc. containing this information. read it carefully. i count on my dell small for tech advice. with one phone call, i get products that suit my needs and i get back to business. ♪ ♪ welcome to holiday inn! ♪ ♪ whether for big meetings or little getaways, there are always smiles ahead at holiday inn. yeah, you hurt mey, a little bit huh?? you're crushing me huh? you hurt all the internet huh? you taking the life from me huh? give life to your idea, when you build a better websi

thanks to julia boorstin out west as well. >>> when we come back this morning a lot to get to.. we await tomorrow's job number and the health care vote on the bill at 1:15 eastern. we'll talk to byron wien in a moment. and hulu's mike hopkins is with us as they announce a new live streaming business. don't go away. online u.s. equity trades... ♪ ...you realize the smartest investing idea, isn't just what you invest in, but who you invest with. ♪ for years, centurylink has been promising fast internet to small businesses. but for many businesses, it's out of reach. why promise something you can't deliver? comcast business is different. ♪ ♪ we deliver super-fast internet with speeds of 250 megabits per second across our entire network, to more companies, in more locations, than centurylink. we do business where you do business. ♪ ♪ >>> market's awaiting some key data this morning. the house began to vote on health care reform. tomorrow we get the jobs number which could hold the key to the rate hike in june if it comes. all that while earnings roll in. france preparing for the pr

. >> thank you, julia boorstin. guy, i think you like netflix, right?> i've loved netflix since reed hastings started this. >> hold on a second. the stock is up 80% in the last year. that's a lot of love, dude. >> that's a lot of love. >> it's in the price. it's a great company. >> what did you say? >> you heard what i said. >> you go chart yourself. >> guys, you both go chart yourselves. >> go, tim. >> what do we call this machine now? >> i'm going to go first. >> you clearly challenged me. >> go for it, man. >> i'm going to write some words here. okay? stay with me. here's a word for you. i'm going to go slow for you, tim. what does that say? >> jell-o. >> i'll write another word. what's that say? band-aid. can you see that? you see that? >> you're wasting your time, man. >> this word is kleenex. what did julia say the problem could be with netflix? she said competition. i offer you this. jell-o has competition. it's gelatin. but everybody knows jell-o. band-aids are adhesive strips. everybody knows band-aids. kleenex are facial tissues. >> i don't kn

julia boorstin joins us today. >> reporter: they are striking an optimistic note despite cord cuttinghey are bullish on business saying new deals with skinny bundles and over the top streaming services will be a contributor to cbs' revenue. >> for any bundle to be truly successful, it must have cbs. we are not being affected in anyway by any changes in subscription numbers thought you the industry. >> nunez announcing for the first time they'll offer the company's two over the top services. it is a combientd package, they're ahead of schedule to top 8 million subscribers. nunez says they expect to do well. he also made a joke about how confident he is. >> it's going to be much better than last year. we had a very solid year last year. so you know, i know i'm mr. broadcast and i'm the cheerleader, but i got to tell you, i have been right -- i sound like donald trump i have been right. i have been wrong, you know in terms of those things that are going on. zblf this optimism is in contrast to the ad weakness we saw at vi a com and time warner turner over the last few days. he falls that

our julia boorstin has more. >> reporter: the explosion of competition as amazon and huh will you areoubling down on original content and youtube and others are launching streaming service, hastings says amazon scares him the most. >> they're so scary, everything amazon does is so amazing. how are they doing so many different business areas so well? they're trying to repeal the basic laws of limited capability. we're continuing to watch them and they're helping to grow the industry, because they're investing in the content. >> reporter: now he says he will not try to outamazon and copy their move to sports. remember amazon made $50 million for the rights to air ten nfl games. he says that much of the success is not at the expense of the traditional broadcast networks and the ecosystem. >> very few people have cut the chord, we're about 50 million in the u.s., we've seen maybe two or 3 million of 50. cut the chord. don't think of it as an overlap, we're driving chord cutting. it's probably mostly from pricing. it's twoebl two or 3% a year like broadcast ratings over 30 years, it will b

julia boorstin joins us. >> reporter: over the last five years, facebook has been a transformed mobileompany. over the next five years the rise of video may have a similarly big impact as facebook chases valuable ad dollars. today the company gave us insight into what will drive it's growth over the next five years. facebook moving further into live sports and the video lineup, it announced a partnership today with major league baseball, 20 live national season games to facebook, they're air on friday nights on the facebook page. they will be accessible to everyone on facebook and the u.s. starting tomorrow and they will be broadcasting a local feed. there is no comment from either side on the financial terms of the deal. it shows increasing focus on video, in particular. also on premium content that doesn't pose risks to advertisers, the same risks that users generate videos can. like the murder posted on the facebook platform. it also follows amazon to buy the streaming rights to ten nfl games for about $15 million a. deal which facebook can hit on. mark zuckerberg said his opening c

for more, let's head over to julia boorstin in louisiana. >> reporter: hey the company unveiled 16 newlive video strategy as it looks to lure a broader range of advertisers and more ad dollars to reverse its declining revenue. i spoke to the twitter cto and coo last night, anthony noto. >> we think we have significant better value on return on investment that they're makening on our platform. we have to continue to educate them on that and this new inventory will be within way for us to garner greater attention from them and hopefully better allocation of budgets. >> the partnerships spanned the news entertainment including live wnba games and live coverage of the pga tour t. verge and buzz feed are watching live news show. there is a new intertanew enter culture show. >> the areas on twitter are the most active with the most discussion. we are simply brigg onto the platform the live video of those events they are talking about. for example, our deal with via com brings on red carpets for award shows we know our audience already cares about. >> in the first quarter, twitter aired about

. >> julia boorstin, thanks, so mump. is it time to vote against the position office? mummy two?>> the movie "the sword and the stones" all time high, netflix all time high, dominos all time high. what's my point? >> netflix and chill? >> i don't know what that means, i won't bring it up. they're ordering pidz za, playing video games and watching netflix a. theme we have been on for a while. this isn't getting better any time soon. >> i will mention the hard events this week. these are concentrated places, lot of people there, no security. to me, this is something they will have to spend a lot to beef up security. it's some place people may want to avoid. >> i agree with guy, fought that that's unusual. the disney thing, it's not a pure play bet. you can't bet on short disney to be short movie. >> switching gears, u.s. steel getting hit hard this year. one trader is betting on a big comeback after credit suisse upgrades the stocked to. >> u.s. steel was one of the names upgraded today. you know, gap is up 8% on the opening and there was some call activity that caught my eye. firs

joining us, julia boorstin. >> we are joined by reed hastings, fresh on the launch of "house of cards new season. >> it is extraordinary. everyone is a little tired of politics. house of card has a very fresh take on chaos. >> is it driving more viewing to "house of cards." >> it just launched yesterday. when you see what can happen with frank and claire underwood, it brings appreciation we are not in total chaos. >> can you give us any sense of how many people watched the first night of house of cards? >> absolutely not. it is one of the great things about netflix is we don't have to release ratings. each show gets to have its own audience. around the world, "house of cards" is super popular. >> amazon and hulu is streaming direct to consumer like netflix. are you seeing any impact from their investment? >> both of us, amazon, us, hulu and a lot of international players, sky and gleam and others are investing in original contact. people want on demand. they want to be able to control when and how they watch. with that, we are growing a whole industry. yes, it is competition that hurt

. >> julia boorstin in los angeles, thank you. this deal seemed kind of strange.right? what did you think? >> people talk about anti-competitive issues, i think this is a partnership to prove they can do something organically, if you will. if it doesn't work out in a year, it gives them a bigger, bolder statement to go to the ftc with it. so they look at it and say, does it take an acquisition off the table? it doesn't do that as long as they both agree on the structure. within a year one of them can go out and buy -- >> it's an elegant way of sidestepping this. you look at the synergies of cooperating, i won't say they're fat, but there's room to cut some of this out. there's no regulatory issues there. that makes some sense. i agree, it doesn't change the consolidation landscape for the industry. but infrastructure to me is where it's most interesting. >> yeah. so look at what's going on in the space. the space is obviously very hot right now. somebody at the beginning of the show saying something happens gradually and then all at once. 5g is coming, people need

it's what the ceo just told julia boorstin that has all the traders talking t. fear game hit one of the lowest levels in history. it has everyone freaking out. its not what you fear, you should fear something else. later, more drama on the tarmac. this time spirit airlines coming under pressure after a big fight breaks out in florida. we will bring you all the latest details. we have one of the most surprising trades of the month the retail resurgence, retail stocks surging more than 1% today up more than 5% in the last month. check out names like home depot and lowes hitting an all time high. wal-mart at a 52-week high. all this ahead of macy's, j.c. pennies and in order stroms ahead of earnings. is the long national nightmare finally over? what do the performance say about the consumer? guy, what do you think? >> i don't think it's over for macy's or nordstrom's. i think these stores have tremendous head winds, still, you mentioned to start the show, home depot, dan has been all over wal-mart for quite some time. these stocks still make sense, people will knoc

julia boorstin is in. >> reporter: melissa, with a week of headlines there was a cable ratings shakeup five day streak in the number three plot from the 25 to 55-year-old demographic behind msnbc and cnn. the first time since 2000. this as cnn and msnbc led gains. no inow it's not just fox. the channel's primetime lineup has changed entirely. they say the ratings drop could be due to a less critical approach of the trump administration. fox news says so far this month fox news channel is on top in both total viewers in the 25 to 50-year-old demographic. on top of that fox news retracted a story published last week that sparked conspiracy theories about the murders of a democratic national staffer this after shawn hannity devoted multiple segments to the issue. it says it was not, quote, initially subjected to the high degree of scrutiny we require. 21st century fox says shares are declining 2% for a total of 13% decline over the past month and another potential risk here, st. clair broadcast group bought the media to give it more reach to create a rifle conservative channel for fox new

our own julia boorstin caught up with linkedin's reed hoffman at the code conference and she joins usd morning to you, andrew. while reed hoffman has taken a stand against president trump, and now on the heels of leading a $30 million investment in change.org, hoffman tells me that he's taking action because the trump administration is worse than he feared. >> by trying to elevate his own tv ratings through america first kind of ideology he's breaking our alliances and global leadership with everything from not signing tpp to what you saw in the most recent european trip, which is, you know, it's unprecedented in the post world war ii era to have the leader of germany say oh, we can't rely on america anymore. >> hoffman says he wants to invest in networks like linkedin which he founded. now some of those include convoy, which is like uber for trucking, and dixo which is a network for exercise classes and as a director of another massive network airbnb he said he's glad the market is improving. >> one of the things that i've been a little worried about is that there's been a longer tre

julia boorstin has the story. julia? >> reporter: right.rberg announcing today 3,000 people added to the operations team currently has 4,500 people. able to evoo reports about offensive videos and facebook says it will make it easier for users to report problems and the copiy to contact law enforcement. zuckerberg posting on facebook, "we've seen people hurting themselves and others on facebook. we're working to make these videos easier to report so we can take the right action sooner ". whether responding when someone needs help or taking a post down." and also, keeping people safe is our priority. we won't stop until we get it right. this isn't just about the deadly shooting recent lip posted on facebook, but preventing suicide, removing hate speech and child exploitation. a big move to make you feel safe about the content placed next to their ads, guys, back to you. >> stay with us, julia. is this a good move for facebook or is the condition is a step too far and a threat to users' privacy? editor of recode ac nbc contributor. enough? no

our julia boorstin spoke with bob iger and she joins us now with more. julia? >> thanks, david. right. iger said that disney is confident that new digital revenue from espn's inclusion in new bundles among other things will compensate for traditional tv declines. >> we will in a direct to consumer business for espn product. we hope to launch one on our bam tech platform before the end of the year. we're increasing engagement with our apps significantly. that comes not only more brand affinity but brand advertising so we're running more efficie efficiently. we are confident in the future. >> with iger serving on the economic advisory council i asked what his agenda is with the president. he said he hasn't attended a meeting with him yet and he will. and he'll vodz for -- advocacy for corporate tax reform. i asked him if he's interested in running for president when his contract expires in 2019. >> i have had one of the greatest jobs in the world i believe for the last 12 years. itch a few years left. we just talked about that. i have a lot to do here still and i want to make sure

. >> julia boorstin has some breaking news. >>> cbs ceo les moonves has extended his contract.e was named ceo when viacom split from cbs in 2006. he has had a pretty impressive run since then. the stock is up 100% and 17% so this shows cbs planning for the long term going through 2021. his salary will remain at its current level and will be eligible for bonus and long -tem performance based incentives. the agreement provides for him to be a senior adviser for an additional five years and will include an option to establish a production company under cvs when that contract expires in 2021. back over to you. >> julia, thank you very much. >>> coming up, the rise of robot investing is changing the face of markets and your money. plus, an upgrade for a big p pharma stock. one analyst thinks this name is set for a 30% rally. that name coming up in "street talk" after this break. they call him the whisperer. the whisperer? why do they call him the whisperer? he talks to planes. he talks to planes. watch this. hey watson, what's avionics telling you? maintenance records and performanc

julia boorstin at the headquarters of one of the companies on thelet. the name is skills.is coming to my basement soon, i have a feeling. >> yes, to your basement. for your teenaged son, tiyler. mobile game tournaments. more than 12 million players world why playing over 1 of 1,000 games. player over half female post an average of half a million tournaments daily for a user base spending an average more than an hour a day. >> 2016, about 200 million people watching esports this year closer to 400 million. growing at an exponential rate in terms of people playing and competitive online gaming and number of people watching. >> the company streamed 40 million minutes of its tournaments played by professionals last year. platforms, amazon twitch and youtube and raised over $30 million including from tpg founding partner and owners from the new england patriots, bucs and new york mets talking about hosting con ti ining competitio stadiums. >> these sports competitions are almost like a comic-con meets nba type event. probably see those continue to grow up as the hardware and so

julia boorstin is in l.a.. >> reporter: a lot is riding on the memorial weekend box office and not just for disney which is opening the fifth big budget pirates of the caribbean film, but for the whole industry. it is a key time to hook movie goers with trailers for the summer which is responsible for 40% of the studio's annual revenue. since the beginning of may, the u.s. box office is down nearly 10% according to com score. this on warner brother's big budget bomb "king ar sure" and disappointing performance of foxes "alien: covenant." there's concern about sequel fatigue, not to mention the slew of high quality entertainment alternatives on tv and streaming. it is not all negative. the box office is up 2 1/2% from last year so far with highly anticipated films like wonder woman and done kirk, industry analysts say this year could be a box office record. back to you. >> julia, thank you for that. let's bring in com score's paul for more. do you agree with that sentiment, although the summer season -- all-imp

julia boorstin is what's on deck to save the rest of the season. >> reporter: thanks, kelly.8th years. the summer box office is off to a terrible start. fuming fears about fatigue with movies that recycle old ideas. paramount's "baywatch" dragged the holiday weekend down on bad reviews, 27 million in the u.s. as it opened on wednesday him disney's fifth "pirates of the caribbean" name won the weekend but has the lowest u.s. opening the first in the franchise $77 million. that was balanced out, though, by a massive $208 million opening overseas bolstered by china. disney's topping the box office this year with nearly one-quarter market share. homes are high for warner brother's "wonder woman" to the u just-start the season friday, studio and theater owners are concerned consumers could opt out of transformers and the sixth spiderman the u.s. box office is still up 2% year-to-date t. films released in may were on course to under perform estimates by about $280 million. kelly, back over to you. >> all right, julia, thank you. mike, this is interesting. insiders close to both fil

it's what the ceo just told julia boorstin that has all the traders talking t.the lowest levels in history. it has everyone freaking out. its not what you fear, you should fear something else. later, more drama on the ta

jul julia boorstin is here with more. >> a turn around after nine consecutive months of declines, videoes rose 10% in total last month to nearly $640 million. the game's software segment grew 6% in a month. the rise thanks to 37% increase in hardware sales. that was led by nintendo's popular new switch console which sold 280,000 units last month. anyone tenda winning with its games, mario kart 8 deluxe top selling with nearly half a million units sold in the month. this all helping send netflix shares up more than 30% this year and up 84% over the past 12 months. now investors are looking towards take 2's earnings on tuesday. the company is expected to benefit from grand theft auto on-line and other recurring digital revenue streams as game sales slow which is why it is betting more on free mobile games. act vision and ea are both ramping up mobile gaming businesses. so the competition there is tougher than ever. but certainly a fun category to watch and we have e3, big video game convention with well, comi june. >> the burger king, pardon the pun, well done. red robin shares up 20%. sh

back to cbs earnings calls under way, after the company reported better than expected revenue, julia boorstins angeles, interesting things there, julia. >> the ceo striking an optimistic notes in core cutting weighing on media company stocks this week. nunez says new deal, skin my bundles and over the top services will be a streaming revenue. >> for any bundle to be truly successful, it must have cbs. we are not being affected in anyway by any changes in subscription numbers throughout the industry. >> moonves announcing for the first time they will offer two over the top service, cbs all access and showtime over the top services as a combined package. he says services are atop 8 million subscribers by 2020. we less than two weeks before the up front ad sales presentation, moonves says they will be expected to be paid for more viewers for a full week. kelly, back over to you. >> it makes sense, do you buy? knowing that every platform must have cbs. but they are not affected by subscription changes. >> ethink cbs network should be a part of most skin my bundles. the question is, are they going

julia boorstin has more on that. >> well, evan spiegel has laughed off the question about competitionok. successfully copying the most popular features but analysts are not so convinced. moffett nathanson lowered it to $11 advocating sell. and needham reiterated the underperform rating calling the results disappointing, saying there are quote several business model problems. but some analysts see the sell-off as an opportunity. cantor fitzgerald upgraded it to neutral. it targeted hard to reach 18 to 34-year-olds. oppenheimer upgrading to outperform. saying snap's well positioned to take advantage of advertising shifts to mobile. and mch with the $25 price target on the stock says shares overcorrected and getting advertisers and agencies more comfortable with the platform should help deepen wallet share. evan spiegel and cofounder murphy both lost over $1 billion from the stock drop just in the past couple of hours. guys, back over to you. >> all right. that hurts. julia, thank you. >>> stocks broadly are dropping in early trading here. not as much as snap, but also got some retailers

send it to julia boorstin. what is happening? >> reporter: hey, kelly.ith discount coupons and bonuses. the article here says agency execs reported that office started last week and that the offers extend to mid-june which is when snap's second quarter starts to wrap up. the theme of the article here is that snapchat is working to show good results in the second quarter and is doing what it can to try to lure ad buyers to spend more on the platform. we reached out to snapchat but do not have a comment from them just yet. right now we see snap shares trading down about 1.6%. kelly. >> i can't imagine, julia, anyone offering discounts for the product, just do they need to get those ads, right? >> yes, so certainly there's a lot of pressure right now to show growth. we saw the stock drop dramatically after their first quarter reports were -- their reported earnings were lower than expected. so in the second quarter there's more pressure than ever for them to show growth, not just of their users but also of ad revenue and it could be part of that. >> danny,

julia boorstin with what we should be watching for. >> hey, melissa.snap, can it keep growing as facebook and instagram copy some of its most popular features. the numbers to watches the company warned whenconsent public the growth rate of its user base would decline over time. expecting addition of 9 million daily user, about 167 million. the number under scrutiny agrowth slowed added in the fourth quarter. the company rolling out a number of new tools for advertisers. analysts also watching average revenue per user. wall street projects the company will lose 19 cents per share with revenue of $157.5 million, up about four times from the year-ago quarter. now, analysts mixed about the impact of more competition from facebook and instagram with room for growth of both. and saying snap's valuation is expensive given that competition. we could see the stock move dramatically after hours. options pricing in a 13.5% swing in either direction. guys, back to you. >> thank you very much, julia bort stin. >>> is now the time to buy snap ahead of its first earn

let's get to julia boorstin for more on that story. >> that's right. roger ailes passed away days after his 77th birthday. he was founder and ceo of fox news back in 1996. he became the chairman of the fox tv stations group as well in 2005. he resigned from both of those positions in july of last year following a sexual harassment scandal and a series of lawsuits. in addition to building fox into the jientsdz that trans -- giant that transformed the landscape, he was president of cnbc for three years before going to fox. he also consulted with nixon and reagan and bush. and he helped trump with his debate prep. his wife issued a statement, quote, his work in entertainment and politics and in news affected the lives of many millions and so even as we mourn his death, we celebrate his life. david, back over to you. >> all right. thank you for that report. >>> when we return, the outlook for cisco. we're going to have a live interview with ceo chuck robbins. you'll want to hear what he has to say, given a warning there. that stock looking down rather sign

for the first time julia boorstin is here. >> first time on the new set.>> with a look at how dealmaking has shaken up the company. >> facebook has three big acquisitions, instagram, whatsapp and oculus that has transformed them. they paid $1 billion for instagram five years ago. instagram is a valuable place to copy and compete with snapchat's most popular features, such as story. there are 8 million instagram business profiles. facebook bought whatsapp for $19 billion in 2014. it now has 1.2 billion users. but it is not a moneymaker. though the company is starting to experiment with the likes of customer service on the platform. oculus which facebook bought for $2 billion in 2014 is the furthest from boosting facebo facebook's bottom line. facebook is working on various social applications for the vr appeal. >>> joining us is victor anthony. good morning to you. >> good morning. >> before we circle back to how the company has changed. look, from when you read about it, it sounds like eu said you told us you were going to acquire whatsapp and not do the v

and julia boorstin joins us now with a look at some past start-ups and where are they now. julia?as companies wait longer to go public the companies on our list are bigger and more mature. there are seven companies that have been named the disruptor 50 list for four straight years. airbnb, drop-off, pinterest, spotify and uber. combined worth more than $120 billion with uber with the highest valuation, nearly $70, down to drop box and spacex about $10 billion each. investors are looking to see which of these unicorns will go public next. renaissance capital saying we're in the best of all ipo markets. if you're not moving forward you need to have your head examined. some companies are being pushed to go public with the risk of down round. now drop box has already selected its banks so it could be next to go to market. spotify says it's considering going public without an ipo selling shares directly on an open exchange. renaissance also says houzz is likely in the pipeline. now has 40 million homeowners in its network and has been expanding globally. airbnb which is reportedly prof

for some insight into what it takes, julia boorstin. >> good to see you. list have taking crazy sounding ideas an turned them into fast growing, sustainable companies. one thing they have in common, they're not interested in following along with the status quo. crowd strike said you have to break the rules and be prepared to remake them. another one said, to be a successful leader you need to know when to take risks, when to play by the rules and when to set the standard for others. another thing the disruptive entrepreneurs have on this list, the issues holding back their growth are hr related. 44% of respondents say the greatest challenge has been hiring qualified talent. in second place, delegating responsibility getting a vote from nearly 16% of respondents. when asked what their superpower would be, they say they'd rather fly than be invisible. 56% picking flight, only 19% picking invisibility. a lot of this all comes down to practical reasons. it's about beating traffic and getting around the world more easily. you can find more from our survey resul