for "nightly business report" i'm julia boorstin in los angeles. >>> finallyonight as college studentssea website has ranked career prospects and here a some of the top-ranked subjects. accounting more than 90% of the majors are employed and the industry is expected to expand. busihess management, study says that degree can help secure a job in many fies including human resources and consultin c chemistry, teer points to that industry's high-paying job. that does it for "nightly business report "tonight. i'm sue hes ra. thise time of year your public television station seeks your support. we thank you ve a great evening. we'll see you tomorrow. ♪ ♪ ♪ ♪ steves: it's no surprise that sevilla is also famous for letting loose in vibrant festivals and we're here for the biggest of all, thapril fair. for seven days each april, it seems much of sevilla is packed into its vast fairgrounds. the fair feels friendly, spontaneous, very real. the andalusian,assion for horses flamenco... [ castanets clacking ] ...and sherry is clear. riders are ramrod straight. colorfulid clad señoritas ridesaddle,

julia boorstin joins us now from los angeles. the earnings call was much business as usual.was expected? >> well, the earnings call was very much business as usual. the company's head of investor relation opened uphe call by saying that because of pending litigation there would be no comment on anything but the quarterly results because les moves had responded to the allegations that were reported in the new yorker article with a comment,any people including myself thought that he would make some sort of comment on the earnings call, but it was perhaps the surprise t myself and others it was all business as usual. >> and what did he say? how is business for cbs right now? well, cbs' earnings per share grew 6% and the revenue grew 6% and it was a hair stronger than expectations and moonves focused mostntf his comon the company's digital growth. the fact that they're growing their over the top direc to consumer streaming services, cbs all access and showtime ott, stronger than expected. a lot of focus on how he's helped growhe company and built the company to be prepared for t

julia boorstin in los angeles. twitter, facebook and alphabet all lower today.tting nervous? remember the exchange that one congress person had with mark zuckerberg when they said how do you operate a business where you don't charge the users zuckerberg said we sell ads. there is a complete lack of understanding of where the business model was. >> the politicians went to school on it, but i do believe the corporations went to school on that as well. >> they learned. >> you will see a lot of -- and the stock prices were affected ahead of this. so you've seen twitter demolished and google not demolished and amazon not demolished and amazon is a different beast and we're not talking about that, facebook, flat they've got the cerebral content that they need in front of these politicians so i think the worst is over, quite frankly >> worst is over >> not for google. >> take a look at basically facebook's multiple here which is the exception and cheap if we can talk about gap versus non-gap and obviously, we're taking a look at what their forward earnings are and the

i'm julia boorstin in los angeles. >>> visitor turnoutes impre at seaworld.nd that's where we begin tonight's marketocus. e theme park operator said the new attractions and promotions which, by the way, included free beer, caused attendance to rise in all of its parks. both earnings and totalen r saw gains as a result. attendance famously suffered at seaworld after that 2013 documentary called "black fish," alleged the company mistreated the killer whales in some of its shows. shares today rose almost 17% to $24.69. >>> newell brands cut its earnings forecast for the fourth ti this year after it reported weaker quarterly sales and profits. the maker ofelmer's glue and sharpie markers said the bankruptcy of babies r us, whi sold many of newell's products nd the retailer's cutting inventory, put a dent in its own results. shares of newell brands from off 14% to6. $22 >>> meanwhile, rite aid revised its guidance for fiscal year 2019, saying it overestimated the cost of generic drugs when it initially made its forecast. the news comes just three daysr beite aid s

julia boorstin has a preview of the numbers for us >> when disney reports earnings the results may behadowed. disney's quarter is expected to be strong. analysts expect it'll agree while revenue is expected to fwr grow nearly 8% espn will be in the spotlight. after last quarter disney said its subscriber base fell about 3% on the flip side the question is how much businesses are compensating for traditional declines investors will also be looking for details on the upcoming dissny streaming service set to launch next year it will include a live action star wars series, and three to four original movies as well as 500 films and 7,000 tv episodes from disney's library plus all new disney releases. we'll have to see if they give an update on the timing of the fax deal closing or his interests of fox makes a higher bid for comcast plus any reaction to the possible loosening of rules >> julia boorstin, will of course be covering the numbers again tomorrow as well gents, good afternoon to you ivan, let's start with you does disney have enough cash and ammunition to be pursuing all these end

julia boorstin who covers the company and who covered les moonves. i want to bring you in with some reaction about what does it is a about where the company is right now that he was on the call with business as usual and no mention of the allegations >> well, after reading his statement to "the new yorker" which was pretty detailed with nuance in response to the sexual misconduct i did expect him to say something on the call, given some sort of not explanation and some sort of response and been saying that the investigation's ongoing, so i was surprised he didn't say anything and i think with some of your other guests on the show said you're right. the company is trying to show business as usual. moonves spent 15 minutes outlying the company's growth, talking about digital growth in particular, trying to remind investors that regardless of the fact that the stock is down 9% since before the news broke on friday that he's doing a good job preparing the company for the digital future, et cetera. so i think that the fact that they're focusing on the dig

money," shares of disney are moving after hours ceo bob iger speaking on the earnings call and julia boorstinwhat iger had to say about the quarter. julia? >> bob iger opened the call with the 21st century fox acquisition and how it will bolster disney with fox's international reach and the new direct to consumer businesses that disney is dpoek used on. disney shares first dipped after the numbers were released and then they turned positive during the earnings call. it seemed it was around the time when bob iger reassured that core cutting is slumping thanks to the growth of digital bundles. take a listen. >> although the erosion of the expanded base will continue, impressive growth of the vpds have steadily slowed overall sub losses to that end, we've seen noticeable improvement in the rate of sub loss in each of the last four quarters. >> iger also said that the fox acquisition will help them in their various direct to consumer efforts including hulu and the disney-branded app next year >> in this year after unprecedented consumer choice, brands matter more than ever and the university, hig

moments ago with ceo les moonves speaking and not addressing any of the most recent allegations and julia boorstinell us what mr. moonves just say and the one big thing, julia, he didn't address. >> he certainly did not address anything about the allegations of sexual misconduct or the pending litigation which are the two issues hanging over cbs' stock. instead, moonves gave a 15-minute monologue about the company's growth the only comment about the allegations as well as the pending litigation came from cbs' evp of corporate relations adam townsend. >> in light of any litigation and other matters and on the advice of counsel, the scope of today's call and questions will be limited to the quarterly results of the company >> abiding that restriction by townsend, no analyst asked any questions about those issues instead, focusing on the company's better than expected growth of its streaming services cbs all-access and showtime ott, the company saying it will hit 8 million subscribers and target 16 million subscribers by the year 2022. >> as you can see, our strategy is clearly working our base adver

>> we had julia boorstin on earlier today talking about it and how they had been thinking that social media was losing some of its users because of things like fortnite and the video game where do you think these people are shifting their time from do you have any sense of that? >> it's hard to say. certainly, they have a digital product and we have a ton of data, and we do think there are a few hundred on twitch and they're browsing and they're finding several different games and they click on the 2k lead. to put it in perspective in terms of e sport, 15 million daily active users are on twitch for nearly two hours a day. >> 15 million for two hours a day on average >> that's why we think it's an amazing opportunity for us. >> and twitch is such an incredible, valuable platform that's launched so many other big brands in your space where is disney, abc, espn where are these guys they start to telecast the overwatch finals and they said cast that for the first time and how about globally how about telemundo that are focused on where nba is a global brand. what we love a about it is we

for nightly business report, i'll julia boorstin, los angeles. >>> there are reports that the bringpen is expected to in $350 million this year, which is significantly more than say then austral open. and that may be because of the changes taking place to reinvent that game. ic takes a look at the business of the spo from the national tennis center in queens, new york. >>> packed crowds and thousands of fans at the u.s. open markse th unofficial end of summer as the world's best tennis players gather in new york city for the fina grand slam. 2018 marks the 50th anniversary of the u.s. open in its crent form. when professionals were allowed to compete and a lot h changed since 1968. organizers compete with a 24/7 sports calendar. they hado keep the excitement year after year. picking up the pace and bringing the energy is >>key. he timeclock, we're going to have interesting things going on in the court. we hc,e mu we have all kinds of things going on. to make it an excitingt. ev we don't want you to have to be quiet all the time. it aeeds to be active energetic sporting event. and most

julia boorstin has the story in los angeles. >> that's right.s oversaw the company's business development team is leaving the company. he has been at facebook since 2006 and not leaving to take another full time job but to move to hawaii with his family. he says he is going to stay with facebook through mobile world congress in february as the company works on his replacement. facebook shares are trading roughly flat. guys back over to you. >> what's app, they have been pretty busy when it comes to m&a. they don't buy public companies. >> a number of really important accusations. if you look at the company's revenue and feature instagram it has become really crucial for the company especially as it competes with the likes of snap chat. there is no question that dan roads has been instrumental in shaping facebook. it is notable that he will stay until february which is possibly why there is no stock reaction. he is not going to another company. he is really just going to be with his family. he announced this on a facebook post. it will be interes

snap is the last of the social stocks to report earnings next week let's get to julia boorstin with a can expect hi, julia. >> michelle, when snap reports its second-quarter earnings tuesday afternoon investors and analysts will be looking for signs of momentum after user growth and revenue fell short of expectations last quarter. analysts expect snap to grow revenue 38% year over year to 251 maryland they expect the company to lose 17 cents per share in the quarter. that's a cent more than the company lost in the year-ago quarter. the options market is pricing in a 17% move in either direction for the stock. snap's rivals facebook and twitter have suffered since their earnings reports last week on concerns on slowing growth, european privacy regulations and the greater focus on safety and security impacting their bottom lines raising concerns that snap may sub from similar trends particularly when it comes to slowing user growth. since snap's ipo last marches the stock is still down about 25%. red bush analyst is still concerned adjusting estimates to reflect updated growth assumptio

for "nightly business report" i' julia boorstin in los angeles. >> let's turn to bill snead on all ofthis. he is a longtime shareholder of disney and a big proponent of a company even though there have been questions for the years with espn and the cable com bonens which again showeds weakness time around. you sort of dismiss that as noise.>> why? ell, first of all, they're a manager of a variety of brands and so what happens, just like when you run a good stock portfolio, there are cer yin stoc own that are doing well temporarily and some that aren't doing as well and you just want to have a great majority doing well all of theve time and the done that, and remember these -- this stock was under tremendousressure during this battle for these fox assets and people were wondering if netflix and other futuristic competitors were going to put them outf business or something. so it's, you know, they made 18% more than last year in a year that's been one of trialul and trion. >> right. >> so is wall street's reaction in the after hours when we said it dipped and then came back after bob iger d

about gaming and other categories that could drive growth michelle, back over to you >> thanks, julia boorstin moves that we saw in facebook and twitter out, should you ghost snap into earnings mike >> we're going to take a look at doing a put calendar kind of like disney but maybe on steroids in some respects. options are very expensive and julia just pointed out implying a 17% move in either direction on earnings. that means you'll make a directional bet, just doing it outright is going to be too expensive. one other quick point. this is true also of tesla you have a very high short interest what that could mean is it could create some level of support if there is a disappointment. we'll try to play that as well finally just looking at the thing fundamentally julia also just spoke to that, looking at the active user rates, but also the ad costs which has also been weak we can look at the chart here. i'll let chaarter speak to that. this doesn't look very good to my eye though. specifically i was taking a look at the august-january 12 but spread you could sell for 75 cents. the january puts a

mean for robin hood, the commission free trading app the co-founder will join us live >>> i'm julia boorstin in los angeles. president trump says google is rigged against him, claiming conservative voices are being suppressed i'll have google's response to those claims coming up >>> i'm resly picker in grand falls, texas i'll tell you why one steel order placed before the trade war began is still subject to tariffs and what the company is doing about it >>> and i'm becky quick in for kel kelly evans. the ceo will join us for an exclusive interview coming up right after they report earnings "the closing bell" starts right now. >> a very good afternoon and welcome to "the closing bell," and a special welcome to becky quick. >> thank you very much it's good to see you again after spending the morning together. >> i know. but great to have you here at the stock exchange first of all, let's check in on the markets. the dow was up 72 points at the high, which was right here near the open >> so to speak >> it's not 4:20 yet it's the highest level since february 1st the dow has paired some of those

julia boorstin has our market flash on pan dora. >> shares rising again today, up 6% to a 52-week highe holding their own. raymond james note finding pure play services such as pan dora have a stronger competitive position because they are device agnostic, helping to drive pan dora shares up 6% yesterday. the stock is now up 37% since august 1st the report, though, did not help spotify. those shares are trading pretty much flat. back over to you. >> music to pandora investors' ears i would say thanks, julia. >>> courtney reagan. >> specialty players are split than what we saw big box and department stores. dollar tree shares down sharply after gouidance falls by more than a margin. dollar tree said it would look into nonchina suppliers, changing its product mix and negotiations, all things to help offset those tariff costs. dollar general shares are lower, too. after they did actually beat estimates on earnings revenue, comparable sales and reiterated their earnings forecast but didn't increase it as it continues to remodel stores, build new locations, update its merchandise, all of th

. >>> i'm julia boorstin, facebook facing more challenges as it detects more attempts to interfere in elections. >>> i'm sarahizen. what analysts are saying about the quarter straight ahead. "the closing bell" starts right now. ♪ >> good afternoon. welcome to "closing bell." congratulations on 20 years to michelle from us. first of all, a check in on the markets. dow 210 points over today's session at the moment down 50 points. the nasdaq does still lead the way higher, continuing its bounce back from yesterday. apple's stock a big factor on that. >> we begin with cnbc's senior economics reporter, steve liesman. latest comments from the federal reserve on interest rates and the economy. >> the fed kept interest rates unchanged. it's an upgrade of the economic outlook from solid to strong. the fed said further gradual increases in the target range will be consistent with sustained expansion of economic activity. that is a mouthful of fed speak for more hikes on the way. here are the probabilities. indeed, the market is pricing it that way. september near 90%. then you have to go to jun

julia boorstin looking at other indicators to find out clue me in here, julia. >> the fortnite explosivesue growth slowed dramatically which is why the research says the peak may be behind us. fortnite revenue grew 2% from june to july down from over 32% growth between march and april and 71% growth between february and march. other bad news for fortune according to twitch metrics fortnite lost the top stop of most watched on twitch after dominating the first half of the year and august it's falling behind another game. the question is whether the market for this game is saturated whether players are simply moving to other games with battle royale moedes such as public g pmt we will see how it bodes for the big game make eshs embrace of battle royale modes that fortnite popularized. ea's game and call of duty both launching in october both have multiplayer ploeds similar to fortune. fortnite is attracting younger games. for everyone, grew 22% year to date according to m p. d. p trends to watch. >> stick apprehend what does this fortnite data mean for the global phenomenon in e sports, let

studio revenue grew 20% thanks to strong box office performances julia boorstin has more. >> reporterdisney reporting quarterly results that missed wall street expectations earnings of $1.87 a share came in below the $1.95 expected. the ceo opening the earnings call with a look at its 21st century fox acquisition and how it will bolster disney with international reach and the right assets to build the consumer businesses. iger assured cord cutting is slowing. >> though the erosion of the expanded basic bundle continues, the impressive growth has steady slowed overall sub losses. to that end we've seen noticeable improvement in the rate of sub loss in each of the last four quarters >> iger also saying the fox acquisition will bolster their direct to including hulu >> brands matter more than ever. our portfolio of high-quality, brand content allows us to strategically and successfully navigate this dynamic marketplace. we have always believed we have the brands and content to be extremely competitive and to thrive alongside netflix, amazon and anyone else in the market. >> as for the es

tom rogers and our own julia boorstin, thank you both >> thank you >>> when we come back, chairman ednteresting stuff today. plus how spct'nahas first ever shareholder meeting was too much like a disappearing message on its platform we'll explain. he kept ling my name with an 'i' but it's bryan with a 'y.' yeah, since birth. that drives me crazy. yes. it's on all your email. yes. they should know this? yeah. the guy was my brother-in-law. that's ridiculous. well, i happen to know some people. do they listen? what? they're amazing listeners. nice. guidance from professionals who take their time to get to know you. >>> here's what's coming up on the "halftime" report the top of the hour another sector where gains have been more glamorous lately, healthcare >>> plus the call of the day sparking debate, is it time to go small gore home >>> and jonhn will reveal what the markets say is prime for a breakthrough >> we'll look forward to it. snapchat holding its first shareholder meeting yesterday, just like the average snap, meeting was quick, taking a total of 2:46. look at snap in 2017, cl

that's what data is suggesting julia boorstin has more. >> the explosive revenue growth slowed dramaticallydata research says that data suggests the game's peak may be behind us fortnite's revenue grew 2% from june to july that's down from over 32% revenue growth between march and april, down from 71% growth between february and march that continually declining growth, despite them releasing another battle path through july, a way to access challenges and rewards. the other bad news for fortnite, according to twitch metrics, fortnite lost the top spot of most watched games on twitch, based on data in august, fortnite which dominated the first half of the year has fallen to number two most watched game the question is whether there's fortnite fatigue or the market for this game is saturated, weather players are moving to other games such as pub g. we have to see if this is a bad sign for the game publisher's decision to embrace the multi player mode that fortnite popularized. on the heels of fortnite success, ahave multi player mode similar to battle royale games rated for teens and everyone

with the financials facebook wants to capitalize on your banking habit we are not kidding our julia boorstinlive in los angeles with this development. >> well, brian, facebook is in talks with banks of partnerships to give consumers access to their account information and customer service it is messenger app. they talked to jp morgan chase and wells fargo of giving information to their banks facebook is saying, we are asking financial services company for final transaction data this is not true like many online companies with commerce businesses, we partner with banks and credit card companies to offer services of chats and management the question is whether facebook will be able to over come concerns of privacy and data security bank of america is not considering any sort of social media partnership and j.p. morgan is not sharing any of their customers transactions data and is not enabling person through person payments through messenger. >> citi is telling us, providing their customer's choice is paramount of everything they do. it makes sense for facebook to face on this kind of informati

julia boorstin joining us on social media names dow down almost 80 let's get a news update.ood morning, carl. good morning, everyone here's what's happening at this hour a memorial service to be held in arizona today for senator john mccain his casket will depart the state capitol where thousands have paid their respects. former vice president joe biden among the speakers scheduled to pay tribute to the late senator at north phoenix baptist church. >>> the detroit school district is shutting off drinking water to all of the schools after test results found elevated levels of lead or copper in 16 out of 24 locations. students will be given bottled water to drink. >>> brace yourself for a spike in gas prices this holiday weekend. aaa says this will be the most expensive labor day in the past four years national average is expected to hit $2.84 a gallon, 48 crepts higher than last year. >>> happening at this hour, the justice department says harvard university puts asian american applicants in the admission process in a bias. in a new filing the justice department siding with p

. >> great stuff julia boorstin with that news.f this against the backdrop of a rapidly changing media landscape. doj filing appeal of at&t, time warner disney reports after the bell tonight with its streaming service waiting in the wings henry, you know something about short form video from a news perspective. is there a break in this moat on netflix? >> look at what they're getting right. jeff katzenberg, great, huge amount of experience, meg knows a huge amount. not starting with chicken feed all of that is good. that said, there's a huge amount of very professional short form stuff created on youtube, facebook, instagram. many others make a lot of it it may be they're talking vertical video, a relatively new format even that is a year or two old, it is growing rapidly. there will be many, many others. can they create stories that are compelling enough people watch why not. more the merrier and this is media. media is not a winner take all game, it is not technology netflix is 20 years old, has taken that long to get here. >> an

jul julia boorstin joins us with more. >> they learned several months ago the lapd investigated an allegedl assault after he disclosed the investigation to board committee, it hired an outside law firm to investigate. the firm concluding no further investigation was warranted, according to the "l.a. times." prosecutors say they declined to file charges because allegations were beyond the statute of limitations. we reached out to cbs on this issue, they declined to comment. this is after last night's cbs board announced it hired two female attorneys to investigate separate allegations of sexual misconduct made against moonves by six women in an article in the new yorker mary jo white, former chair woman, leading the investigatio investigation. announcing the hiring of the firms, the company issued a statement saying moonves will have no role in the investigation and the board took no further action regarding moonves' role running the company. the board noted it takes these allegations seriously and is committed to acting in the best interest of the company and shareholders and is confident

> story on facebook working with big banks in the journal this morning as we talk about that, julia boorstinl set it up. >> good morning, carl. facebook is in talks with banks to develop participates to give consumers access to account information through facebook messenger app. facebook saying they talked to jpmorgan chase, wells fargo and others, these partnerships would be focused on messenger and not on the facebook app and data sharing would be to give consumers access to information, not for ad targeting or data mining purposes. facebook saying it has similar partnerships in place with american express and paypal. it makes sense that facebook would look to this kind of valuable information that consumers want frequent access to to make messenger more engaging and valuable in light of slowing user grope for twth. it could be tough to overcome privacy and data security concerns, following the cambridge analytica scandal that gave access to 87 million facebook users' data without consent. guys, back to you. >> julia, thank you very much. kara, facebook is a topic you have been writing abo

julia boorstin has more on this story. >> facebook has identified campaigns on media and iran and russianary intelligence services and those campaigns looking to mislead countries around the world in calls to reporters, mike zuckerberg is saying 652 accounts, pages and groups linked to iranian interference with nearly 1 million accounts following at least one of those pages and the company is working with u.s. treasurys and state departments on this issue. it can't share details on how many russian-linked pages and accounts that it has removed and that investigation is still ongoing and that has worked to strengthen the security operations and zuckerberg noted that ahead of the midterms, they're ramping up the number of people they focused on security and it's not just facebook, they're working with the industry peers today and we've suspended 284 accounts in twitter for engaging in coordinated engagement and it appears many of these accounts originated from iran google's youtube also tells us it removed one account that had ties to iran zuckerberg says they're working with other companie

julia boorstin joins us with more on how that call went down. >> well, becky, les moonves did not uttertions of sexual misconduct or the litigation with shari redstone and analysts didn't ask about it after investor relations said the scope of the call would be limited to quarterly results moonves instead focusing on the company's better than expected 8% earnings growth take a listen. >> as you can see, our strategy is clearly working our base advertising business is strong, and we continue to grow new revenue streams from all the licenses and distributing. key to the success is the expansion of our direct to consumer services across entertainment, news, and sports programming and internationally as well. >> moonves announcing that the company's streaming services are growing faster than expected with a new target of 16 million subscribers by 2022. they have 24 pilots in development for cable and streaming services such as amazon he also talked about the opportunity created by new rules around sports betting and said they're interested in buying more stations. now that those rules and l

julia boorstin is in los angeles with more. julia? >> not a word from either ceo les moonves or the analyst on the call about the two elephants in the room. the allegations of sexual misconduct or the legal battle with controlling shareholder sheri redstone and her national amusements everybody steering clear after the chief said in light of pending litigation the questions would be limited to quarterly results, and that council could be the two newly named law firms leading the investigation into sexual misconduct against les moonves. and nancy kesenbom will lead the probe. writing, quote, we admit while we have no clue as to what will happen here we do know that cbs stock at this point in time is simply uninvestable. gugen hiem with a birating siing, quote, we understand the uncertainty surrounding the situation and the importance of leadership for the company we'll see what the investigation yields back over to you >> julia, thank you. earlier this week the times up organization tweeting six women have courageously shared their sto

julia boorstin has a look at that hi, julia. >> fortnite has slowed dramatically and data research warns kind of growth may never return fortnite's revenue grew from 2% from june to july. that is over 32% revenue growth between march and april and 72% revenue growth between february and march. other bad news,a, cording to twitch metrics, fortnite has the top spot of most watched games on twitch after dominating in the first half of the year in august, fortnite is falling behind, too. the question is whether the market for this kind of game is saturated and whether players are simply moving on to other games with that popular battle royale mode such as pub g. we'll have to see how it plays out to the big gamemakers as they embrace the battle royale mode that fortnite popularized in october, electronic arts is launching battlefield 5 and both will include multi-player modes that are similar to fortnite's battle royale. fortnite is credited, though, with attracting younger gamers across the video game business mpd group just reported that games rated for teens or for everyone grew 22% year

large fund manager who mentioned that departure of daniel rose he's not leaving any time soon julia boorstinsterday. i think not the end of the year or next year, going to hawaii, basically changing his life. but there have been some departures >> i think instagram is incredible the advertisers have not gone away from instagram. fo facebook's good. billions of people can get online i just don't know whether that culture, david, is the culture you know that they have younger -- they have dorms you can get right to -- the computer scientists -- i had john kerry on last night just really brainstorm. let's freely associate and brainstorm he wrote the best business book. >> i read it months ago already when it first showed up. >> he talks about the stanford culture. mark zuckerberg shares my alma mater, didn't look that good in the movie, frankly i just think that the stanford call today, they love to recruit from stanford computer science that's not necessarily a bad place. a lot of good people went there but i think there is an insular culture. i think they were out of touch i think they said,

julia boorstin live in l.a. with the answers. well, tyler is in talks with bank was partnerships to have consumer access to county information and customers service through the messenger ach. facebook telling me they've toukd to jp morgan chase wells fargo and others about access to information for consumers not for add targeten or data mining. they have similar operations in talks with paypal. they imimply incorrectly we are actively asking for financial transaction data this is not true like many online companies with commerce businesses we partner with banks and credit card companies to offer services like customer account or account management the question is whether they will overcome concerns about security a source tells us that bank of america is not considering any sort of social media partnership and jp morgan says that it is not sharing any of its customer's off platform transaction data and not allowing any person to person payments through messenger it does allow facebook to focus on this kind of information consumers

who is going to be there in julia boorstin has story >>hey, melissa facebook is organizing the meetingg place it's happening at twitter headquarters in san francisco. there is a live shot of where the meeting is taking place. now, the goals for tech companies to discuss how they are working to secure the platforms ahead of the midterm elections. on the agenda sources tell us the companies will present work to count wlaer they call information operations they will discuss particular challenges ands are what's next in terms of sharing information and future meetings. now, the gathering is scheduled for three hours. while participants use the information exchanged they can't identify the participants that shared it. now, beyond facebook and twitter source tell us google, microsoft, amazon, linked in snap and pint treys were nfrpted though we hear linked in nap and pint treys are not attending they hoefted the gather more nine companies from the department of homeland security and fbi influence task force and we start to see impact from the collaboration. just this week facebook twitter an

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julia boorstin is live in los angeles with that story. >> reporter: this quarter we saw three companiesrowth hit a wall yesterday snap reporting daily active users fell by 3 million between the first and the second quarter, its first-ever user decline, thanks to its app redesign twitter also reporting a decline of one million monthly active users between the first and second quarter even as the company says daily users continue to grow and facebook shares plummeted on its slowest ever growth. monthly active users were flat in the united states and canada and fell by one million in europe partly attributed to european privacy laws. it's not all bad news. facebook's instagram continues to grow very fast. it hit one billion users in june up from 800 million use terse september before facebook and others, though r limited by the fact that china blocks their app that prevents billions of users were from bow tensionally bolstering their growth. back over to you. >>> so does this quarter's declines and flattening growth mean social media is peaking let's bring in mike isaac, technology reporte

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julia boorstin has a look at the nfl's new strategy. >> this season you'll be able to live stream allnd primetime games. the streaming deal with verizon will enable 400 million phones and tablets to stream games for free, up from the 100 million phone subscribers who had streaming access last year it will be on aol and yahoo! plus the nfl app amazon and twitch will stream 11 thursday night games >> our first goal in more digital distribution is just reach. it's to get to people who may not be in front of a television. what we do know is that when people watch nfl games on smaller screens, it's usually a st stopgap to get to a bigger screen. >> they are hoping to transition digital viewers to tv. after last season nfl ratings declined 10% after falling 8% from the prior year. to keep all those nfl viewers engaged, the nfl is expanding new, less intrusive ad formats it will have fewer breaks and show ads on a split screen plus it's trying some new sponsored breaks we'll have to see how fans react when the season kicks off on thursday back over to you. >> julia, it expands the number of

julia boorstin is joining us now. >> that's right.se campaigns looking to mislead people in different countries around the world mark zuckerberg got a call with reporters last night that facebook removed 652 account pages and dprugroups linked with iranian interference facebook is saying it is working with u.s. treasury in state department on the issue. facebook is working closely with law enforcement on the investigation of the russian linked pages group and accounts. it won't share details of the number it is removed becauses the investigation is still ongoing. these campaigns were not focused on the midterm but we were more broad. mark zuckerberg is saying they're working to identify all kinds of activities. it is not just facebook. twitter tweeted, today we have suspended 284 accounts from twitter for engaging coordinated manipulation many of these are originated from iran and youtube removed one account tied to iran zuckerberg are working with other companies and also keeping their data safe. he also says there are other investig

slightly lower this morning after the company reported earnings that fell short of expectations julia boorstinood morning to you, joe. after disney's revenue and earnings growth fell shy of expectations, the stock first dipped but then they shot into the green during the earnings call after bob iger reassured that cord cutting was slowing thanks to the tv bundles. saying they've seen improvement. right now you see disney shares trading down just about half a percent. iger outlined how disney would benefit from the fox acquisition particularly from the international assets hulu of which it will own 60% and the disney branded app which is launching next year >> our incredible portfolio of high quality, in-demand branded content uniquely pushes us to successfully and a half gate th - navigate this marketplace. we always believed we have the brands and content to be competitive and thrive alongside netflix, amazon, and anyone in the market >> disney's digital efforts were in focus throughout the call iger saying that the initial performs the espn plus service which launched in april is encouraging