julia boorstin in los angeles. >>> if you own facebook and are worried about the stock how can you protect yourself >> i want to talk about long stock position and one that makes a lalot of sense. a lot of times people don't want to sell their stock for a host of reasons and there are good strategies you can use. let's talk about a caller and what that is selling the call and using proceeds to buy out of the money put. why do you want to do that one of the most important reasons is you head to define risk to some degree. the second reason is important especially in a stock like facebook where the price of options has moved up as the stock is sold off 20% in the next last month or so. the most important thing when you are buying a collar versus long stock is you want to have defined risk but willing to give up some potential upside. let's work through facebook here a little bit and look at some of the inputs that i might consider of how to choose strikes. here is the stock today trading about 160. you see the decline that the stock has been. the stock has found a little bit of a home around

julia boorstin, washington. >>> a dow component hikes its dividend.rocter & gamble is raising its quarterly dividend by 4% to almost 72 cents a share. the secondear the consumer giant has increased its payout to shareholders. the sharesere off ten cents to finish at day at 78.27. karnivele a cruise line increased its dividend by 11% to 50 cents a share. in addition the company said i was launching a $1 billion share buyback program. shares rose nearly 1% to 63.64. jetblue proreported improved operating metrics for the month of march. it reported an upbeat first quarter. shares fell fractionally to $19.33. and aer the bell, bed, bath & beyond reported a smaller than expected drop in same-store sales. they alsoer del an earnings be and those results were overshadowed by the company's weak 20 earnings guidance. shares fell in after hours but finished the regular dayp more than 1% to 21.50. >>> well, fidelity is overhauling the way that it charges you for financial advice. according to "the wall street journa" the company is simplifying its fee structure.

julia boorstin talking about comcast. parent when we come back, twitter posted its second profitable quarter in a row after adding millions of users. shares down about 4% former chief dick costolo will join us to weigh in. take a look at dow we were down 200 or so have managed to narrow that to a 10-point loss. we're back in a minute ♪ lower carbs. ♪ lower calories. ♪ higher expectations. the light beer you've been waiting for has arrived. introducing corona premier. you know what's not awesome? gig-speed internet. when only certain people can get it. let's fix that. let's give this guy gig- really? and these kids, and these guys, him, ah. oh hello. that lady, these houses! yes, yes and yes. and don't forget about them. uh huh, sure. still yes! xfinity delivers gig speed to more homes than anyone. now you can get it, too. welcome to the party. >>> shares of twitter reversing to the downside after its earnings release the company beat on the top and bottom lines and posted its second consecutive profitable quarter. other n

mark zuckerberg went before the senate yesterday julia boorstin was there all day and really all nightnd joins us from washington with some of the highlights julia? >> good morning to you more than 4 1/2 hours of testimony, mark zuckerberg was grilled by 43 senators, each taking five minutes to press him on topics ranging from data privacy to election manipulation to social media addiction. senators pushing zuckerberg to confront facebook's dominance and some shortfalls. >> would you be comfortable sharing with us the name of the hotel you stayed in last night >> uh, no. [ laughter ] >> if you messaged anybody this week, would you share with us the names of the people you've messaged >> senator, no, i would probably not choose to do that publicly here. >> i think that may be what this is all about your right to privacy. the limits of your right to privacy, and how much you give away in modern america in the name of "connecting people around the world." >> are you a tech company or the world's largest publisher? >> i view us as a tech company >> you said you responsible for the content,

julia boorstin is in from the west coast she has more details on the increasing information scandal andumbers around this facebook story. >> yesterday facebook saying as many as 87 million people may have been affected by this cambridge analytica scandal. and despite that big number, facebook shares rose in after-hours trading yesterday as mark zuckerberg took journalist questions about data policies and the fallout of the cambridge analytica scandal. zuckerberg says he's the right person to run the company but warns they will always have to stay ahead of the security issue because it will always be a threat >> never fully solve security. it's an arms race. in retrospec we were behind and we didn't invest enough of it up front we had thousands working on security but nowhere near the 20,000 we are going to have by the end of this year i'm confident we are making progress against these adversaries but they were very sophisticated. >> zuckerberg saying the company has not seen implication of the scandal impacting ad revenue but they understand they need to ramp up security and better info

let's get to our julia boorstin in los angeles with that julia?jon, charter shares are off almost 15%, the company's worst day in almost seven years. charter reporting its earnings this morning, the company lost 122,000 residential video subscribers in the first quarter, a far bigger loss than analysts had expected and also 22,000 more subscribers than they lost in the year ago quarter. this, raising fundamental questions about charter's video business as well as it's m & a strategy, which has focused on adding video subscribers rather than investing in differentiating content. tom rutledge, charter's ceo, saying in the call moments ago, that the company doesn't need to do more m & a, doesn't need to buy content, saying they can execute their strategy with the assets they v listen to this sound bite of rutledge dismissing concerns about charter's video business being broken. >> changes in video business are significant and hard to predict, but, you know, we still think there's video growth capable inside our asset base. it's fairly marginally insi

julia boorstin on espn >>> stocks mostly higher today, shrugging off some geopolitics eurozone, big missus 3.8. iag considering a bid for the discount carrier, a stake in nor ween wegian and buffeting the shares over the last couple of days, vw could name new ceo >>> dow is up 307. racing isn't the only and with godaddy, i'm making my ideas real. with godaddy you can get a website to sell online. and it will look good. i made my own way. now it's time to make yours. ♪ everything is working just like it should ♪ is part of a bigger picture. that bigger picture is statewide mutual aid. california years ago realized the need to work together. teamwork is important to protect the community, but we have to do it the right way. we have a working knowledge and we can reduce the impacts of a small disaster, but we need the help of experts. pg&e is an integral part of our emergency response team. they are the industry expert with utilities. whether it is a gas leak or a wire down, just having someone there that deals with this every day is pretty comforting. we each bring something to the table t

julia boorstin is listening in she is in los angeles and has the details.a. >> sheryl sandberg saying on the call moments ago that a month ago some advertisers paused spending on facebook, but that they've come back. ceo mark zuckerberg focusing his comments on the call about the company's accountability and its focus on improving the service and protecting users zuckerberg dismissed the idea that facebook's focus on advertising is fundamentally problematic. >> i know that a lot of people have had questions about the business model and this is something that i just think we at facebook are very proud of, and we think that it is the right way to build a service that connects everyone around the world >> as zuckerberg stressed, the company's investment in safety and privacy, facebook's ceo david wayner warned controls which will be made available worldwide, they expect daily active users to be down flat, down sequentially in the second quarter saying there is some potential for ad impact. the company they're rogue its expense growth range to 50 to 60% and say

julia boorstin. >> mark zuckerberg wrapped up his second consecutive day of five hours of testimony. he fielded questions on everything from election interference to whether facebook violated the consent decree to the all important question of how facebook manages data. that was the source of the most and the most testy exchanges >> is it possible for facebook to exist without collecting and selling our data is it possible to exist? >> congressman, we don't sell people's data. so i think that's an important thing to clarify up front. and then in terms of collecting data, the whole purpose of the service is that you can share the things that you want with the people around you and your friends. >> investors seem satisfied with zuckerberg's responses, the stock moved up by nearly 1% today after facebook shares gained 4.5% yesterday. he reiterated that he's expecting regulation of facebook and the rest of the industry and if it's done well, it's not a bad thing. >> i think that it is inevitable that there will need to be some regulation my position is not that there should be no regulat

let's get out to julia boorstin. how'd they do? >> they beat on both the top and the bottom line.ompany reporting revenue of $11.97 billion that's up 49% better than expected analysts had been projecting $11.4 billion in revenue earnings coming in at $1.69 per share. analysts had expected $1.35 per share. that's up from $1.04 from the year ago period. 63% increase in earnings per share. the company's also announced an additional program of $9 billion buyback. this is $9 billion in share repurchases. in terms of the daily and monthly active users, both grew 13% year over year both right in line with expectations 1.45 billion daily active users. 2.2 billion monthly active users. what this means is they're generating more revenue per user than expected. average revenue which is a key metric is $5.53. analysts only expected $5.35 so really interesting that in this quarter when there was so much scrutiny on, you know, data privacy and safety, that they actually generated much more revenue per user than expected and mark zuckerberg writing in a quote here, despite a challenging few mont

julia boorstin has more on facebook's quarter. >> reporter: the bottom line from facebook's the negative attention about coivacy concerns has not hurt the any's ad business which is growing far faster than projected. while the social giant's monthly and daily active users grew right in line with expectations, both up about 13%, i revenue and earnings soared past analyst expectations. average revenue per user is a key measure grew faster than expected to $5.53 per each of facebook's mthly active users. that's 18 cents more than projections. against the back drop of growing scrutiny about facebook's data practices, mceok zuckerberg saying, quote, we are taking a broader view of our responsibility a investing to make sure our services are used for good but we also need to keep building new tools to help people trconnect,gthen our communities and bring the world closer together. for "nightly business report," i'm julian boors in los angeles. >>> boeing easily topped analyst earnings in revenue expectations. strong demand for commercial mts prompted the world's biggest planeer to issue an upb

i'm julia boorstin in los >>> tv subscribers fleer cha communications. that's where we begin tonight's market focus. ther cable provi said it lost more than 120,000 video subscribers. that's almost triple the amount analysts had expected. it wasn't just weakness in tv. fewer customers signedp for broadband services. still, charter reported a rise profits andrevenue, thanks to higher ad sales. charter shares fell % to 263.33. >>> the drug maker reported a greater than expected drop in earnings as weak sales in the u.s. and europe hurt its results. the company still reaffirmed its guidance and announced a share buyback adding that it expects to return to growth in the oncond half of this year. the sharesheless fell 2% to $39.60. >>> theoftware maker docusign began trading on the nasdaq today opening at $38 a share. that was above its initial ipo pricing of$2 docusign sold nearly 22 million shes, valuitself at about $4.5 billion. the shares finished higher than they started at $39.73. >>> boeing is reportedly closing inn a deal to buy the aerospace parts ma

ahead of that, he is setting the data controversy julia boorstin was on that call.acebook shares rising on the good news from mark zucker boring the company has not seen a meaningful impact on ads or usage from this cam bridge analytica scandal. as many as 87 million facebook users have their data improperly shared with cambridge analytica. that's far more than the 50 million originally reported and facebook's 2 billion plus users should assume their public profiles have been scraped and while facebook is big in protecting its users zuckerberg warned the problem is not going away >> it's an arms race you know, i think in retrospect, we were behind and we didn't invest enough up front we had thousands of people work on security, nowhere near the 20,000 we will have by the end of this year so i am confident we are making progress against these adversaries. but they're very sophisticated >> zuckerberg was pressed repeatedly on whether he is still the right person to run the company. he said, yes, now he says his job is to learn from his mistakes >> getting to a idea th

. >>> welcome back, mark zuckerberg is taking questions on a question call julia boorstin is bringinghighlights the company is facing two problems, first, can they get their system under control and can they make their system to undermine democracy. mark zuckerberg says they did not do enough in the past but they are taking steps now. >> now, we have to make sure we are taking a broad enough view of our responsibility. it is not enough to just connect people we have to make sure that those connections are positive and they are bringing people closer together it is not enough to just give people a voice we have to make sure that people are not using that voice to hurt people or spread misinformation. it is not enough to give people too tools. we have to ensure those those developers are protecting people, too. >> he says it is an arm's race he did say once they have 20,000 people working on this issue, he does believe they'll make better progress interesting kelly. there will be bad actors out there and it is impossible to fix it 100 back over to you >> julia, thank you for keeping pos

julia boorstin had is in los angeles with a look. julia?> reporter: facebook has seemed to shrugged off the data scandal both with users and advertisers. >> in the immediate days of the concern, we heard from a handful of advertisers who then already has come back. we haven't seen a meaningful trend or anything else since then they want to make sure they and their customers' data is protected and we're able to answer those questions in a compelling way. >> with the stock up 9% today, we've seen half a dozen analyst price target increases we've only seen two lower. we expect more headlines and lawsuits from privacy advocates but the likelihood of worst case fears declined meaningfully. jp morgan saying we viewed 1q earnings as a providing a sigh of relief. a number of analysts focused on facebook comments about upcoming european privacy regulations will cause european useers to be flat or decline next year. the company may not be out of the woods just yet and just this morning, facebook cto admitted in a hearing with uk law marks that they d

julia boorstin on the netflix quarter with the stock up shorply. when we return the u.s.r force joins us live from calm springolorado sp. more "squawk on the street" when we come back. ♪ feel that? that's the beat of global markets, the rhythm of the world. but to us, it's the pace of tomorrow. with ingenuity, technologies, and markets expertise we create the possible. and when you do that, you don't chase the pace of tomorrow. you set it. nasdaq. rewrite tomorrow. when it comes to travel, i sweat the details. late checkout... ...down-alternative pillows... ...and of course, price. tripadvisor helps you book a... ...hotel without breaking a sweat. because we now instantly... ...search over 200 booking sites ...to find you the lowest price... ...on the hotel you want. don't sweat your booking. tripadvisor. the latest reviews. the lowest prices. >>> as stock surge waving a cautionary flag on the market. find out what has him so nervous right now on trading nioatn. there is a lot more "squawk on the street" right after this. >>> let's get out to morgan brennan at the space s

julia boorstin is here with the headlines. well, of course, becky, they're doing a lot of talk right now about twitter's better than expected results. but some interesting comments from jack dorsey about the company's commitment to improving the product when it comes to the health and civility of twitter i take that to mean when it comes to the potential spread of fake news on twitter and what they're doing to crack down on that dorsey also talking specifically about twitter's commitment to privacy saying they believe privacy is a fundamental right and when it comes to twitter's data business and the idea of selling the data that is collected by twitter, saying it's something they feel really good about dorsey making the point that twitter is different from its peers in that twitter is fundamentally public the data business he explained organizing that public data in realtime and organizing that for brands and researchers, et cetera so he was defending twitter's data business because it's all about collecting public data rathe

day of testimony on capitol hill this time in front of the house energy and commerce committees julia boorstin is live in washington with the latest julia? >> well, mark zuckerberg just left the building wrapping up his second day of five hours of testimony. and the tone today was definitely more contentious. a number of committee members pressing him for either yes or no answers, oftentimes he wasn't comfortable giving just a yes or no also interrupting him repeatedly take listen to this exchange with this congressman it's all about how facebook manages your data privacy. >> is it possible for facebook to exist without collecting and selling our data is it possible to exist? >> congressman, we don't sell people's data. so i think that that's an important thing to clarify up front. and then in terms of collecting data, the whole purpose of the service is that you can share the things that you want with the people around you. and your friends >> now, the questions certainly weren't limited just to data privacy. among other topics, congressmen holding his feet to the fire over concerns related t

. >>> sir marten serrell out julia boorstin joins us with more on that story >> good morning.l has resigned from wpp following the conclusion of an investigation started earlier this month into alleged personal misconduct no details released about what happened but sorrell rejected the allegations. this brings to an end his 33-year history building a global ad giant. overseeing the listing of the company on the nasdaq and acquiring a range of advertising and marketing companies including j. walter thompson sorrell was known for his massive pay packages more than 70 million sterling. that was one of the biggest pay packages in uk history for a founder, he had a relatively low percentage ownership. only about 1.5% of wpp sorrell will continue to get paid the 73-year-old's resignation is being treated as a retirement which qualifies him for as much as 19 million in pounds over the next five years. as the board conducts a ceo search it did promote its chairman and named two new co-coos. the company's stock has lost about 35% on disappointing quarterly results over the past 12 mont

julia boorstin for more, we're joined by executive editor at ricoh and.n talk about sir martin in a second but does it change the way that the firm operates in what was an increasingly difficult environment? >> the firm was him so it's interesting. he was wpp he's the one that spends time in silicon valley he's the one who has been competing with facebook and google it's interesting to see what happens. they face other issues other than this one, which is a big issue, obviously, in terms of how the advertising business is changing it's a bad -- the whole thing is not great for wpp, i think. >> implications for some other large names we've been talking about the last couple of weeks. >> yeah. what steve jobs was to tech or henry ford was to the auto industry, he defined the modern communications era to kara's point, i don't think it survives without him. you'll see good bank, bad bank they'll take their growth assets and spend them or you'll start seeing the disposition of assets modern conglomerate, if you look at single brand name focus, the latter vastl

julia boorstin joins us now with more >> to give you an idea of just how big of a phenomenon fortnite four-day event drew 400,000 concurrent viewers on twitch the game is on track to surpass the $126 million it generated through in app purchases in february, according to super data research, to put that in context, its closest rival brought in just $103 million in the same time period here's a look at what's driving the success of fortnite battle royale and the impact. >> fortnite is free to play, and accessible across consoles, pcs, and ios mobile devices you can play with your friends, as many as 100 players can participate in the battle royale mode plus in addition to traditional first person shooter game features, players can pay for fun add-ons like ostumes and dance moves. fortnite's success benefits epic games of which chinese tencent owns 10% disney also owned a part of epic, akiering epic in its start-up accelerator last year twitch saw its traffic surge 40% thanks to fortnite, the most watched game in twitch history all the time and money spent playing fortnite are expected

julia boorstin has more on what to expect. >>> good morning it's a big day for mark zuckerberg as heors who have been demanding answers about facebook's values, including the lack of privacy safeguards and the platform used to manipulate elections. yesterday he met with senators who said they had a heart to heart and he think there's will be a lot of challenges for facebook in the future hours from now zuckerberg will testify for the first time in prepared remarks released yesterday, zuckerberg apoll j apologizes, explains what went wrong, and talks about cambridge analytica. he said it was my mistake, i'm sorry. i started facebook, i run t i'm responsible for what happens here zuckerberg will highlight changes the company is making, including safeguarding the platform by limiting the information developers can access, investigating other apps, building better controls so these situations don't happen again. when he takes the stand, we can expect senators to press zuckerberg on whether facebook is doingenough to prevent scandals like cambridge analytica and how many case there's coul

let's get to julia boorstin who is watching the arrivals >> hey, carl we just saw zuckerberg arrive withil he's here for round two after nearly five hours of testimony before the senate yesterday. yesterday he took time to apologize for facebook's missteps, to clarify how facebook works and also who owns their content on the platform. >> we want to offer a free service that everyone can afford that's the only way we can reach billions of people >> therefore, you consider my personally identifiably data the company's data, not my data. is that it >> no, senator the first line of our terms of service say that you control and own the information and content that you put on facebook >> zuckerberg seemed cool under pressure investors seemed to respond with the stock ending up 4.5% we expect members of the house to continue to press zuckerberg on what facebook will do different to manage users' privacy. >> it's not just enough for facebook to say, well, the consumers agreed to that they pressed that agree button i think we need to know that they on their own are protecting our privacy. not sha

long-time wpp ceo sir martin sorrell is stepping down from the global advertising giant julia boorstinnd she has the story. julia, good morning. >> reporter: good morning, becky. sir martin sorrell has resigned following the investigation into alleged personal misconduct. over 33 years sorrell built a global giant from scratch overseeing the listing of the company on the nasdaq, joining the london stock exchange and acquiring a range of marketing companies including j. walter thompson and young and rubicon and others on april 3rd wpp's board said it had appointed an independent counsel to investigate an allegation, an allegation which sorrell rejected unreservedly. no details have been released other than saying the 73-year-old will be treated as a retirement he will be treated with a payout of 19 million sterling over the next three years who's replacing him? andrew scott, wpp's corporate development director and mark reed he's chief executive officer of wonderman and wpp digital. he's considered in the running for the ceo's spot as they do a full search for the ceo outside of the com

zuckerberg is testifying before congress for the first time ever as the company faces growing scrutiny julia boorstinpect. julia? >> melissa, mark zuckerberg is prepping this morning to face questions from senators demanding answers about facebook's failures. its lam lack of privacy safeguards and use to manipulate elections. just hours from now he'll testify in front of the committees yesterday he made the rounds on cap toil hill meeting with senators john thune, chuck grassley, and bill nelson. nelson told reporters that zuckerberg knows there's going to be a hard look at regulation. in prepare d remarks he outline facebook's plans to prevent situations like the sale of the data of as many as 87 million users to cambridge analytica quote, i've directed our teams to invest so much in security on top of other investments we're making that it will significantly impact our profitability going forward. zuckerberg will highlight changes the company's making to limit the information developers can access, investigating other apps, and building better controls to prevent situations like the cambridge analy

julia boorstin brings us that story right now. >> well, fortnite is free, social, and an obsession forwn the winners and losers coming up after the break. ♪ can i get some help. watch his head. ♪ i'm so happy. ♪ whatever they went through, they went through together. welcome guys. life well planned. see what a raymond james financial advisor can do for you. you know what's not awesome? gig-speed internet. when only certain people can get it. let's fix that. let's give this guy gig- really? and these kids, and these guys, him, ah. oh hello. that lady, these houses! yes, yes and yes. and don't forget about them. uh huh, sure. still yes! xfinity delivers gig speed to more homes than anyone. now you can get it, too. welcome to the party. >>> welcome back to "squawk box. we are approaching 8:00 a.m. on the east coast we're watching live video of twitch of gamers battling it out on fortnite. julia boorstin joins us now to talk about who profits from the success and the rival who is can suffer from the game's rise. julia? >> well, andrew, fortnite is such a phenomenon that this weekend a fort

sir martin sorrell has stepped down as ceo julia boorstin has the latest from los angeles >> that's rightrtin sorrell is resigning from wpp following the conclusion of an investigation earlier this month into alleged personal misconduct. the company is not releasing details. but the resignation is being treated as a retirement qualifying him for about 19 million in pounds depending on the performance of the company he turned the company into a global ad giant including jay walter thompson among others along the way. he was famously well compensated. earning more than 70 million pounds in 2017 he only owns about 1.5% of wpp now, this all comes as wpp shares have lost about 35% over the past 12 months on disappointing quarter lly resuls this of course raises questions about whether wpp should be split up or managed differently given the growing dominance of google and facebook and more competitors. well, wpp's board searches for a new ceo. sorrell is not ready to retire just yet >> thank you for the details let's dig deeper into sorrell's departure, future. cnbc contributor and cable ceo to

julia boorstin joins us from washington with more. like a fixed facebook protest with a bunch of mark zuckerburgs. >> reporter: i'm in the senate hearing room where mark zuckerburg will testify. they have announced a bounty program who award people to report misuse of data. they said high impact bug reports have garnered as much as $40,000. they are clearly looking to attract a range of people to report problems with facebook's security system and data protection. this is part of a range of changes that the company is announcing ahead of this hearing today and when the hearing happens mark zuckerburg will be in the hot seat which is right there. that is where he will testify as he is grilled by more than 40 senators who will be sitting around this room here. it is unusual to have so many people in this room. they had to add the extra table here right in front of me as each gets a question for mark zuckerburg. yesterday zuckerburg made the rounds in this very building. he met with a number of senators. we hear he is hunkered down prepa

that direct to consumer app espn plus julia boorstin got a preview and an interview with espn's new chief morning to you, julia >> good morning to you, carl, in the face of the cord-cutting concerns, it's going with espn plus which launches today in the u.s. for $5 a month. the new subscription service may generate losses for a number of years and will be profitable in the not too distant future according to kevin mayer who became the head of the business just last month. it will contain 10,000 sporting events and ox original documentaries and exclusive news and highlight shows including a new show from kobe bryant. >> you look at what we're offering compared to what's out in the market lace right now and what's coming, we think we're presenting a great value proposition and we really like our hand. >> the plus subscription is accessed through a redesigned eshg spn app which includes free scores and highlights and free live streaming channels. the term says espn plus is 180 mlb and nhl games and thousands of scouting and events won't cannibalize the tv business. >> we're looking at the es

julia boorstin joins us with more. >> reporter: comcast is challenging a lower takeover bid by 21st century which already owns a 39% stake in sky. comcast is looking to buy a piece of those assets that disney is getting as part of its fox takeover comcast may go, its offer at 12.5 pounds a share official saying that sky would be comcast's platform for growth across europe. comcast ceo brian robert saying on his earnings call this morning that the deal is an opportunity but not a necessity. >> in the question of scale and looking at the future, again i don't think we have to do this i don't think international is broadly is a strategy. i think it is a unique asset in sky's case that fits well within the mix of businesses we have already got and is aligned with our existing strategy of integrating content and distribution. >> comcast higher offer prompting sky to withdraw its recommendation to share holers to support fox's 10.75 pound per share offer. now, fox responding that it quote remains committed to its recommended cash off for sky announced in december 2016 and is currently considering

julia boorstin is here with more >> hi, carl.87 million of its users may have been improperly shared with cambridge analytica the good news, mark zuckerberg says, is that the company has not felt any meaningful impact of this scandal in its usage or the business as a result of this it was that comment that i believe did help drive those facebook shares higher they're now up over 3% zuckerberg did say, though, he made a huge mistake in not understanding the scope of his responsibility to protect user data now he says facebook is investing in hiring with 20,000 people in its security force by the end of the year. and he says they'll give all of facebook users the same controls that will be required by new european privacy rules zuckerberg says he needs to chair if i h clarify how facebook works and uses data. >> we have to ensure all those developers protect people's information too. and it's not enough to have rules requiring they protect the information. it's not enough to believe them when they tell us they're protecting informa

testifying on capitol hill our reporters have all the angles have this one covered let's begin with julia boorstin. >> reporter: in just an hour, mark zuckerberg will testify in the hearing room right here in the senate building. there is folks lined up here all day and they're all waiting to see the ceo of facebook get grilled by 43 senators each of those senators will get five minutes to ask a question of zuckerberg. we are waiting for his staffers heading here as they get ready for the testimony. zuckerberg did meet with a handful of senators yesterday. today he has been focused on preparing his big four hours in front of those 43 senators we hear that he's very much focused on stressing his and facebook's accountabilities as well as all changes they are implementing to make sure this does not happen again and they are protecting users he'll highlight changes using safe guarding and limiting information that developers can access and building better controls for both users and facebook facebook announced another initiative this one is a data abuse bounty program, facebook will reward people who

. >>> spotify about to go public on the new york stock exchange julia boorstin joins us with more rightndrew. when it comes to the number of subscribers, spotify is the clear leader, but there could be some competition concerns for the company as it gets ready to trade tomorrow spotify has 71 million paying subscribers globally that's nearly double the next in line which is apple music. and then pandora comes in last with 5.5 million subscribers apple music is growing fast. it added its last 2 million subscribers in about a month and is on the verge of taking over the number one spot in the u.s. according to "the wall street journal. while apple music is losing key visionary jimmy ivine, it's growing. and even though pandora is down, the stock is down 60% over the past year, it's not out just yet. the company just acquired an audio ad technology platform prompting one analyst to upgrade the stock. now apple may have the deepest pockets in the race, spotify did score another big win against its rivals over the weekend ahead of the ipo taylor swiftintroduced her latest video spotify said

let's get more from julia boorstin now in washington >> facebook shares rose over the course of markkerberg's testimony. he didn't break a sweat as he apologized, took responsibility, and outlined a number of ways that facebook is making changes to prevent the misuse of data and any potential manipulation of elections was we saw in the 2016 elections here's what he said when pressed by senator johnson about fallout from the cambridge analytica scandal. >> with all this publicity, have you documented any kind of backlash from facebook users has there been a dramatic falloff because of these concerns >> senator, there has not. >> you haven't witnessed eed ey >> there were some people encouraging friends to delete their account. i think that got shared a bunch. >> it's safe to say that facebook users don't seem to be overly concerned about all these revelations although obviously congress apparently is >> zuckerberg did say explicitly in his prepared remarks that facebook's growing investment in security will have a meaningful impact on the company's profitability. he was also asked how

days yesterday taking questions from 55 members of the house's energy and commerce committee our julia boorstinnow it was a marathon couple days for you and mark zuckerberg. >> reporter: it definitely was the house was more contentious yesterday with a number of members holding his feet to the fire demanding a yes or no answer sometimes, which he wasn't willing to give here's pages that captured the attention over facebook's data policies, in particular. >> yes or no, will you commit to changing all the user default settings >> congressman, this is a complex issue that i think deserves more than a one-word answer. >> again, that's disappointing to me. >> a are you willing to change your business model in the interest of protecting individual privacy >> congress coming i'm not sure what that means. >> what do you think owns an individual's presence online in who owns their virtual you, is it you or sit he em? >> congress woman, i believe that everyone owns their own content online. >> you entered into a consent decree with the ftc which kaers no financial penalty for facebook is that correct? >>

the head of the biggest advertising firm in the world is finding himself on the hot seat jul julia boorstine's being investigated by wpp he's the leader of the industry. he's the ceo of the world's largest ads. he's been praised on managing over ads personal misconduct and there is al allegations of p allegations -- he rejects those allegations. i think it is interesting to point out at what point is this coming into wpp's history. wpp is under a lot of pressure it just reported of its worst quarter since this the worst is that outlook. they don't expect growth in 2018 and there are a couple of reasons for that sorrell -- >> that's not a good look. >> the chart is down and he's facing criticism for his big pay package. there is a lot of questions of what's next for the company and there is no official accesser. >> no official successor who's in line? >> there is a couple of names that's been thrown out the ceo of cantor. and there is an officer of wpp, there is speculations of who could replace him. no names have been put out there. he's been running this company for a long time. so i think

julia boorstin joins us now with that story good morning >> good morning to you "ai vengers: infinityst $250 million the u.s. box office biggest domestic opening weekend on record. and second, $630 million worldwide. that's another record made all the more impressive considering the film hasn't yet opened in china. which is the world's second largest moviegoing market. of course this is good news for disney giving the media giant nine of the ten biggest domestic opening weekends of all time once again showing the company's $4 billion acquisition of marvel in 2009 paying off in droves it also bodes well for the second culmination of the avengers scheduled for next may. it also is an opportunity for disney to cash in on the characters that fox owns when that goes. this weekend imax theaters brought in $40 million from ticket sales this is helping push up nearly 3.5% disney is likely to dominate with big titles in the pipeline including solo a star wars story. and then ant man and the wasp. that opens in july back to you. >> thank you very much >>> when we come back, we've got some break

what does it mean for the content wars julia boorstin joins us with more. >> the first season of "westn 2 is returning sunday night, and hbo has been investing big in bringing back that fan base to the show that cost a reported $100 million to produce. now, hbo has a lot riding on it. it's other mega hit, "game of thrones, south by southwest, and hbo reported higher ever increase in domestic subscribers last year in best revenue growth in more than 28 years, with 142 million global subscribers, including 5 million for direct to consumer hbo now. now, research says for at&t, fighting to buy time warner -- yesterday the ceo testified that at&t needs to own what he called, quote, premium content that, quote, drives consumer engagement just like hbo stevenson also pointed to rival netflix and its valuable viewing data it's gaining on hbo in terms of subscribers, adding 7.5 million subscribers last year. netflix is spending $8 billion on content this year. >>> joining us with more is cynthia littleton, she's managing editor of television at variety. and cynthia, we keep hearing again and ga