julia boorstin now with more on the quarter. she spoke to disney's ceo. >> disney beating expectations thanks largely to the outperformance of its parks asi resorts di. the company saying it saw higher spending and higher attendanced its u.s. parks both in orlando and anaheim, california. also saying it hasig seenr performance of its cruise line division asla well as disn paris. >> it starts with success across the globe, partilarly in som of our international -- or in one particular international park and sort in paris that it had a number of years where the numbers weren't that good. and they have improved substantially. but we have also had record results for our domestic operatio as well. record revenue, record bottom line. an across the board success story. >> also saying he is optimistic about the company benefitting from bigtal distribution of its media networks such as espn. he also announced espn plus, the newubscription app that's launching time this spring will cost $5 per month. for "nightly business report" i'm juli

thank you, julia boorstin. >>> it is big, carl. there's only, like, two white guys in the movie. ultimately, the director, the after reasrican-american di, > yrsld >>the s&p 500 has gone green we're back in a minute and in the nation, we need to work together. we need to do it more often to help people that need help. ♪ ♪ i'll stand by you. mvo: anybody can make a difference. it's easy to give back. it's just a little bit of time. ♪ ♪ i'll stand by you. at holiday inn express, we can't guarantee that you'll be able to contain yourself at our breakfast bar. morning, egg white omelet. sup lady bacon! fruit, there it is! but we can guarantee that you'll get the best price when you book with us. holiday inn express. be the readiest. >>> watching the markets, obviously, they are recovering some of their losses we were down 200-plus on the dow, but managed to escape with a 70-point loss. a busy week for earnings again mostly in the retail space >> yes, indeed and this morning, a few high-flying tech stocks getting a bid, invidia up four >> near session highs, but looking at the dow, it

julia boorstin has been on the tabs with disney what did the ceo say about the quarter. >> it beat expectnks to parks and resort divisions which benefitted from higher attendance here in the u.s. and as well as higher consumer spending plus it saw higher growth in kroous ships in disneyland paris. bob iger also talked to us in a way that gave investors to be confident about challenges to the network decision and espn in particular saying dakotaal distribution is helping to compensated for cord cutting and subscriber declines are slowing. he said he is seeing signs young people are coming into the tv subscription service that many people thought were cord nevers and they are adopting packages like hulu's new tv service, over the top service, the fact that it costs $39 he says is proving appeal to that younger generation he says he sees that as a very good sign especially considering the fact that espn and all the other disney channels are in those services as well iger involved details of the company's direct to consumer app, announcing that espn plus which will launch this spring will cos

julia boorstin in los angeles. >>> up next, what cbs is doing with its tax reform windfall. >>> cbs health is number seven in the fortune 500. a join in a fast changing industry, and it wants to get even bigger. it plans to buy the insurer aetna. now that's a big deal. and so were i earnings, which nearly doubcod. better thas looks at cvs's strategy. > they saw a $1.5 billion benefit from tax reform, exutax clueding t breaks profits were driven by the phaacy benefits business which offset continued weakness at its stores. they intend the plow it back into the business ult putting a chunk into worker benefits. starting pay will rise matching competitors like ndwalmart, a all full time employees will get four weeks parenta leave. they will spend on improving stores and boosting data systems as ll, which the company believes will help improve patient care as i looks to turn store clinics i health clinics. the rest will be used to pay down debt as they seek regulatory aroval to buy aetna. last week, theru anti review period was extended. the ceo said that was expected. >> things are moving alo

julia boorstin from los angeles. >>> the school shooting ina flor last week resurfaced controversial discussion asks conversations in americ one of them is the power that industries and their lobbyists have over the tion's political process. joining us to talk about that and more is bill george, former met reason toics ceo and now a senior fellow at harvard's business school. bill, always good to see u. don't know whether you happened to see the cnn town hall last night. but at one point during the discussion one of the questioners asked one of the , senato i believe it was mr. rubio this basic if the nra has such power over hee political process in united states, three being an arm of an industry, the gun ,nufacturing indust is democracy broken? and i suppose you could ask a similar questionhe about pharmaceutical business, which has tremendous power over drug policy in this country and drug pricing in this country. or you c ald a similar question about the. >> abouting business and its power over regulators and congress talk me through thi e. do companies and their lobbying arms co

julia boorstin has the details on facebook's lest quarterly numbers. >>> facebook beating financial expectations. but the company announced a nearly $2.3 billion impact from tax regulatory reform. and ceo mark zuckerberg warned that the company is takingn short-term p for long term gains saying that after last quarter facebook made changes to show viewer viral videos to make sure people's time is well spent that reduced time spent on facebook by roughly 50 million hours edary with zuckerberg announcing he willier this year more changes o the time line, now prioritizing communication between friends over content, he says in this earnings release, quote, by molk using on meaningful conversation connections our business will be stronger over the long term. for "nightly business report" julia brstin los angeles. >>> boeing helped lift the dow today. the lgest aerospace company and revenuefit above expectations. it sent shares up 5% to an all-time hig making it the best performing stock in the blue chip index. that dded toboeing's hot run this year that has seen the stock more than double. as phil le

disney's results are out let's head to julia boorstin for that report. >> that's right.earnings per share beating expectations the company announcing earnings of $1.89 a share, up 22% from the year ago quarter and beats expectations of $1.61 per share. i have to say that that earnings per share is excluding a 1.6 billion one time tax benefit associated with the federal income tax legislation if you were to include that, the earnings per share would be $2.91. if you want to do apples to apples, it's $1.89 versus the $1.61 expected and up from $1.55 a year ago revenue coming in a hair lighter than expectations. it's up 4% from the year ago quarter. analysts were expecting $5.48 billion. you see disney shares moving 1.5% higher. if you want to look at the divisions driving there. park and resorts beating expectations on the top and bottom line. revenue growing 13%. parks and resorts operating income up 21%. studio entertainment just a hair lighter, as home entertainment fell short of expectations but the box office did well. commentary on media networks, lighter than expect

. >>> our julia boorstin breaking news about the at&t setback in its deal with time warner.dge's decision and look porward to the upcoming trial that's the state from at&t >> let's get to scott with a news update. >> here's your news update this hour alex vander swan arriving for his court appearance where he is expected to make a plea. he's been charged by special counsel robert mueller with lying to investigators about his interactions with a former trump campaign official. pro government syrian militia forces were seen driving through the outskirts of the northern syrian enclave of afrin to defend it against turkish troops they have been seeking to dislodge the syrian kurdish militia who it considered a terrorist organization >> toyota recalling about 65,000 2018 sequoias because the diagnostic function may turn off the stability control system it will also recall about 8800 toyota tundras as well >> queen elizabeth making her first trip to fashion week the 91-year-old monarch giving the award to richard quinn she sat next to vogue chief editor anna wintour to view quinn'

julia boorstin speaking with the ceo. it's been a wild week for tech broadly for f.a.n.g.rticular let's bring in mark asset management and canaccord morris, start with you on disney before we move on from that. if this fox deal goes through, what do you think we should see coming out of that space especially how iger emphasized doing well in streaming last night. >> i think this fox deal goes through and you have the best entertainment franchise in the world with the opportunity to leverage its business on a worldwide scale. number one, it really will make it a very, very serious contender in direct to consumer, which is the future. and i think number two, fox has major international franchises that disney can leverage its product against. so i think that the opportunity's enormous. >> but you are still a netflix owner. michael graham, you are too. >> we own both. >> yeah, exactly and that's what i'm wondering is there room for everybody, michael graham or does this represent more of a challenge for netflix going forward? >> well, i think netflix has a clear, you know, sor

this debate is not going anywhere now julia boorstin, mr. yarro, and mr.mbassador, thank you for joining us intl. bless arlene cornell for teaching us about propaganda in junior high. >>> the dow up 184, but here we go again another volatile dale day. we were up 335 points at the peak we've since come off those highs. >> nasdaq in the negative. so as amazon goes, looks like so goes nasdaq. the "closing bell" just getting started. don't move >> announcer: next up, the big bitcoin fall the last time we saw a big bitcoin dip, stocks fell along with it. is there a correlation and are cryptocurrencies telling stock investors something that they're not listening to plus, consumer reports top cars. is the one you want to buy on their list the "closing bell" is back live fromhe n yk teworstock exchange in two minutes excuse me, are you aware of what's happening right now? we're facing 20 billion security events every day. ddos campaigns, ransomware, malware attacks... actually, we just handled all the priority threats. you did that? we did that. really. we analyze

julia boorstin has been digging through those earnings and joins us with more >> good morning to youtter defied analyst expectations by growing revenue 2% they'd been anticipating a 4% decline in revenue while earnings of 19 cents per share beat projections by 5 cents. twitter's monthly active user are 330 million, falling short of projections because it was flat with the third quarter, though up 4% over the year ago quarter. but twitter did show its fifth consecutive quarter of double-digit daily active user growth ceo jack dorsey saying that changes to twitter's timeline are working, including showcasing more live content, and a new feature called happening now, which shows up at the top of users' timelines. >> this is a first step in a much more cohesive strategy around events. that's both inclusive of all the conversation but also potentially live video, if we have access to that. and you know, this is -- we've been talking about topics and following interest in the past this is one manifestation of that >> dorsey also says they're working not just to eliminate bots, those fake u

. >>> recode's media conference is under way in huntington beach, california our julia boorstin is there spoke with the president of one company in the process of executing a merger that is 21st century fox. good morning, julia. >>> good morning to you. well peter rice is chairman and ceo of fox networks groups as well two-thirds of the assets he manages go to disney, assuming that deal goes through now with comcast reportedly still interested in the assets, i pressed rice about which media giant would make more sense as a buyer for fox. he finally said he thinks it's a great fit for disney so he would have to pick disney over comcast. >> we struck a deal that we thought was really good for the shareholders and we're excited about it we think the mix of assets that are going to disney will make for a very, very powerful company. and we think that the assets that are staying at new fox are going to make for a really exciting new fox >> now rice wouldn't say whether he will go to disney or to new fox after the deal closes. and he says the role that james murdoch takes on will be up to jame

first ever net profit the stock higher, up more than 60% in the past year who'd have thunk maybe julia boorstin did julia joins us now with more julia. >> reporter: well, tyler, twitter says changes to the timeline, more long content and longer tweets are paying off the company announce a surprise return to rev growth, growing revenue of 2% while earnings of 19 cents per share beat projections by five cents. number of users fell flat. but twitter did show its fifth consecutive quarter of double-digit daily active user growth >> we're proud of the progress we made in 2017 and we're confident in our path ahead. we've got a significant opportunity ahead of us to put twitter in as many people's hands as possible and maybe the service more relevant to more people every single day. >> dorsey also said they're working to eliminate fake accounts and to help people identify credible tweets and content. guys, back over to you >> julia, thank you. why don't we dig a little deeper into twitter's earnings results with scott kessler of cfr oochlt he has a sell rating are you going to change your rating even

julia boorstin is live in los angeles with more on disney. julia?rter: well, brian, disney's park resorts division beat expectations on the top and the bottom lines the media networks division which of course includes espn, fell short of those wall street expectations the ceo was optimistic saying subscriber declines are slowing while he sees growth from digital tv packages, he also said that the espn plus app which will launch this spring will cost $5 a month >> sometime in the spring we're going to launch a completely revised and basically redesigned espn app that will include an array of live programming that is not available, live sports, live sports events not available on the current channels, and that's by the thousands. >> reporter: with espn invested in monday night football, i also asked iger how concerned he is about declining nfl ratings. >> we obviously track it pretty closely. i'm not sure you can pinpoint one reason why the nfl has experienced declines i think there are probably a number of reasons starting with the fact that it's jus

. >>> youtube says it mistakenly promoted a conspiracy theory video about a florida shooting julia boorstinom los angeles with more on that story. >> melissa, fake news and hoaxes, as well as youtube's need to implement change is very much in the spotlight after youtube's trending tab, which showcases the most popular videos, featured a conspiracy video that attacked survivors of the parkland shooting. one video drawing over 200,000 views before it was pulled down. youtube saying in a statement, this video should never have appeared in trending because the video contended footage from an authoritative news source, our system misclassified it. youtube removed it from the platform as soon as it was aware. humans do help train the algorithms, which identify trending videos. the issue is not just one for youtube. after conspiracy theories started to circulate on twitter about the student survivors who have become activists, twitter has started to verify the accounts of many of those parkland students. the company says it's working to stop the harassment of those students on its platform saying,

home is snap ceo evan spiegel as news emerges about his massive compensation package for 2017 julia boorstins here with the eye-opening numbers from los angeles. >> bill, last year evan spiegel brought home the third highest executive compensation ever, according to reuters snap, which he controls, granted him $636 million in stock. 3% of outstanding shares at the time of snap's ipo he'll receive those shares in installments between now and 2020 in addition to that one-time award, he also received about $1 million in expenses and over $500,000 for security. his actual salary was cut from $500,000 to $1 around the time of the ipo now, this is all compared to the roughly $2.5 million he brought home the prior year. chief strategy officer also got a good payday. total competence of over $100 million last year, in a year when the company posted an adjusted loss of $720 million as it invests in growth and snap stock has been on a roller coaster it's now pretty much flat with its ipo price. but the timing of the news of spiegel's big payday is awkward considering the stock tanked about 14% over th

julia boorstin has been following the story all day. >> well, bill, comcast all-cash offer for sky is 16% premium to 21st century fox's offer for that same percentage of sky. now, comcast is looking to expand its international, it's drawn to sky's 23 million customers, its satellite, broad band and mobile services with broadcast news, sports rights including ee english premier soccer comcast would be happy with the 61% that fox does not yet control. >> comcast and sky have strong growth prospects separately and we are committed to investing to realize this new growth. >> now, this deal pits comcast against disney both company stocks are down dramatically on that news. also against fox and the murdochs, who have been struggling to gain regulatory approval for fox's deal to buy the rest of sky. remember, the james murdoch is sky's chairman now, sky shares have gained about 20% today indicating investors expect fox, and by extension disney, to counterbid. fox saying it, quote, remains committed to its recommended cash offer for sky announced on 15th of december 2016. now, fox had said th

i think it speaks for itself thank you, our julia boorgs stisti boors stin /* /- boorstin.forecast by 3%. adjusted quality and pay raises for workers crediting the financial impact of tax reform. its shares up 1.5% after beating bottom line estimates, missing on the top line via com's revenues is impacted by fees and its shares are down 3.5% t. bank of england out with its latest policy statement this morning the pounds is moving higher against the dollar on the news the future rate hikes may be faster and sharper than what was previously anticipated we will see if that is feeding around through global beyond yields >> market continues to rise, mike santelli joins us now with a look back at the wild ride a look back in considering - >> a little forward. who knows? i think really what the big take-away here is after the market gets one of these sharp sudden jolts, this is kind of what happens you have an attempt to have a dramatic low maybe that happened on tuesday morning. i think that's a plausible short-term trading low but you have an emotional and faraj i'm tape afterwa

we're getting crickets julia boorstin, you have snnz for us >> yes, we have numbers on activisi activision/blizzard coming at 94 cents adjusted versus 93 cents expected stock is moving higher that seems to be perhaps in part about some guidance which is stronger than expected company guiding for q1 earnings per share of 65 cents adjusted versus estimate of 43 cents. some positive commentary here about the strength of the different -- of the bookings saying an all-time record and activision/blizzard had 355 million active users, 1 million more than the prior quarter. shares up 3.5% >> another company that initially moved lower. now five percentage point turn-around. josh lipton? >> kelly, nvidia reporting $1.78 beating expectation of 1.17 bucks. revenue up to $2.91 billion. gross margins of 61.9% better than expected turning to the guide here, nvidia expecting $2.9 billion in the first quarter and up 1% to 2% better than the estimate of $2.47 billion. conference call kicks off at 5:00 p.m. eastern and we'll be on it. back to you. >> thank you, josh nvidia up 6% yes? >> i'm wondering -- we'r

it raises the question of what has been driving the stock to move julia boorstin is in los angeles.oes this all play out >> facebook shares first dip the viral video resulted in users spending fewer hours on the platform now the stock is up more than 2% premarket after the stock turned positive during the conference call on a number of factors. commentary on an increase and average maintaining the expenditure forecast and sandberg says it should not hit facebook online. people are spending more time viewing posts abecause they are interacting with family and friends and not involved in longer post. >> zuckerberg stressed the important of making the investment resulting of what analysts qualifying of a short time paying for what he sees a long-term gain, especially ramping up communications rather than just viewing the content on the platform >> i expect this will impact our profit just like the changes we are making will impact time spent. this will help us build a stronger community over the long-term. >> there are opportunities to grow the business across facebook and instagram jo

i'm julia boorstin a look at the biggest winners of the super bowl ads after an nfl season dominateddvertisers played it safe and relying on humor, nostalgia and movie stars like this rap battle between morgan freeman and peter dinklige amazon turns to celebrities featuring voices from carly b. and andrew hopkins tide's running joke that all ads in the super bowl are for tide over a series of four spots. there were eight movie trailers last night including one for disney's hans solo "star wars" spinoff and one for "the next avenger. plus there was the black panther. the 60 second spot for dodge they used a 50-year-old speech by dr. martin luther king jr. drawing backlash with the king center tweeting dodge did not have approval. the ram said it worked with king's estate. we'll have to see the real value of those ad investments, $5 million for a 30 second spot we learned how many people tuned into the game. we'll learn that later today becky, back over to you. >> thank you very much, julia. >>> when we come back, does janet yellen fear a stock market bubble we will hear from the forme

cnbc's julia boorstin sat down with him last night on closing be -- "closing bell." >> there are signs are coming in on multi-channel television cord nevers are starting to adopt to packages that are less expensive, for instance $39 a month. fewer channels but more mobile friendly that's a very good sign. espn as well as our other channels are on all of those services, all of the packages that are offered. >> joining us to break it down is the founding partner and research partner, michael, good morning. >> good morning. the big question is what do you think is going to happen with espn over the top thing and what does the next over the top system look like later and we should talk about hulu and how the integration of 21st century fox happens or doesn't let's start with espn. >> the espn app is going to come out sometime in the spring they're going to try to up sell all of us games on top of your subscription people have it wrong. >> $4.99 is the wrong price point? >> you're going to pay for a game here or there it's an add on to espn it's not espn over the top it's going to top up yo