julia boorstin is covering the story for us tonight from w capitol hilre the news is still evolving. a, give us arundown. >> well, tyler, it's been a busy day for facebook and twitter here on capitol hill. the day ending here at the house, raburn office building, but it all started this morning at the senate intelligence committee w hearingre facebook coo sheryl sandberg and jack dorsey both testified before the senate intelligence committee about their work to prevent election interference. they said they're collaborating with each other as well as government agencies and cybersecurity companies to make sure they're doing evething they can with both new technology and employees to prevent interference with the upcoming midterm election. >> be clear. we are more determined than our opponents and we will keep fighting. when bad actors try to use our the, we will block when content violates our policies, we will take it down and when our opponents use new techniques we will share them to strengthen our collective, fohes. >> before commerce mitty, so that hearing dragging on for over fou

for nightly business report, ju julia boorstin. st fort's turn to our g what it ultimately means for you. he is a executive editor at cnet good to see you. >> hi. >> you're theo go guy on this. you have been covering facebook for a long we have talked to you about it before and you said you didn't even know about ts. i find that worrisome. >> i mean, look it's hard to keep track of allhe different ways that facebook advertises at us. there are so many different systems they have. and processes in place. and this is one of those things that among all the things if you sat me down an asked me to write them all down -- and there would be a lot -- would not have known they were taking this information and use going for advertising too. >> tt's another blow, is it not to the transparency argument that government officials have put forward that facebook -- and some of the other providers have been faci i, especiall last year. >> yeah, iis definitel part of the overall problem. i think you can t lce of facebook's -- at least the pr end of

julia boorstin has the details. >>> after relying on tv as the o cornerstonf its strategy, the nfl isng down digital enabling fooall fans to live stream all in-market and prime time games from any mobile device. fl streaming deals verizon willenable 400 million phones and tablets to rise for free and the 100onillion ver phone subscribers who were live last year and the games will be available on verizon's s propertih as aol and yahoo and the nfl app and amazon and its twitch service will stream 11 thursday night games. >> our fst goal in digital distribution is just reach and to get to people who may not be in front of a television. i think it remains to be seen if it will drive people back tovi teon. when we do know is when people watch nfl games on smaller ureens, it'sally a stopgap to get to a bigger screen and they want to watch on a bigger screen possible. >> and the nfl hoping to reach a generation of mobile first millennials to get them excited and to transition some of the additionaln viewers to watch tv. the question is whether the strategy helps turn around rtings after last

julia boorstin in los angeles. >> lions gate and amazon get together. that's where he begin. bloomberg has been reporting that one of the film studio's largest investors said a new partnership between lion gate appear amazon could lead to a merger. v they saidizon could be a suitor as well. although theia telecom said it wasn't interested in buying a traditional entertainment company. nevertheless lion gate shares popped to 24.39. meanwhile amazon and veroton were lower. and the c suite atne jcp looking sparse with the chief financial ofrpz steppindown october 1st to pursue another opportunity. the news comes just a few months after the retailers ceo left abruptly to be the same job at lowes. shares of jcpenney fell 4% to $1.66. appear black berry says lower costs helped to offset weaker sales in software and services businessot as a result earnings and total revenue came in ahead of expectations. the tech company saw increased demand for its self-driving technology software and added as a result it plans to increase investments in that business. shares rose more than 11% to

end of six and a half hours of testimony between both the house and the sen auto let's get to julia boorstin on the ground with the story. julia? >> melissa, that's right jack dorsey is still in this hearing room behind me testifying before the house energy and commerce committee. it has been a very long day for him because remember, he started his day sharing the stage with sheryl sandberg. the two of them testifying before the senate intel committee and that hearing was their work to prevent election interference they said they're collaborating with each other as well as government agencies and cybersecurity companies to make sure they're doing with everything they can with new technology as well as employees to prevent interference with the upcoming midterm elections >> let me be clear, we are more determined than our opponents and we will keep fighting. when bad actors troy too use our site, we will take it down and when our opponents use new techniques we will share them so we can strengthen our collective efforts. >> after that, hoe went to map up three and a half hours of testimony an

julia boorstin is in l.a.re dedaltails on the app of wt it could mean for netflix. >> this one is for its comic book brand and it is called dc universe the app costs a dollar a month where basic service is $75 annually you will get access to thousands of hours of movies and tv series access to thousands of books and community for fans and exclusive merchandise. warner brothers are producing a original series for this the first of which is called "titans. this is more for super hero fans entering the crowded market of all the streaming options. plus, netflix's hulu and amazon and among others next year disney is streaming its own stream service that'll feature its own, marvel content. now bob iger says it will cost less than netflix and less than dc universe. >> how well at&t can market the offspring from its new opposition the warner brothers catalog is not being put to word and john stanki is working on a new model to be announced this year. when it comes to competition of n netflix, stevenson says his videos

. >> what worked 12 years ago does not work today julia boorstin, of course, watching the hearing with us julia, i thought it was notable really no targeting the executives trying to get them slip up or make a gaffe. this is high minded about the views of dealing with different governments around the world. >> absolutely. i thought a lot of talk, also, commending their collaboration with each other and their work with law enforcement and a lot of digs at google for not being present and not participating in today's hearing. i was really surprised by the number of senators who went out of their way to criticize google for that but it's interesting hearing the back and forth, especially one particular question from senator harris asking sheryl sandberg whether they benefited from activity on the platform even if the activity is fake news or whether it was manipulative activity here's what sheryl sandberg said in this somewhat heated exchange take a listen. >> the more user engagement will result and the more then that they are exposed to third party ads, the more that will increase your

julia boorstin is in d.c. th more hi, julia. >> hi, tyler that's right after listening closely to the senate intell committee questioning sheryl sandberg and jack dorsey, quote, the attorney general has convened a meeting with a number of state attorneys general, to address growing concern that these companies may be hurting competition and stifling free speech on their platforms. specter of regulation looms. take a listen. >> we don't think it's a question of regulation but right regulation that supports users, is transparent and doesn't squash innovation and we're happy to work with you on the proposal. >> twitter's jack dorsey saying privacy regulations would not impact twitter as much as its competitors because it's an open platform he also said they'll invest to clean up the platform, incurring short-term costs, comments that weighed on twitter shares. hitting shares of snap and google as well take a look, both of them trading lower today. guys, back over to you. >> julia boorstin in washington for us cryp

julia boorstin in lose breaking it down for us what do we make of the deal here comcast shares were down 6%. we should note when comcast bought nbc universal and at&t broadband they saw similar share declines. >> well, again, the winner's curse, especially in an auction-type setting that's something that the market is the first reaction to i think we were arguing a long time ago that this was the asset that comcast should be going after and this is the one that made strategic sense for their global model i'm not going to throw them under the bus. bottom line is i think this is a creed of -- i think satellite tv is in decline and that is something to be worried about. right now i think this deal is what they wanted all along. >> oppenheimer downgraded the stock and said they would prefer comcast spend money investing in the united states where the competition is much greater. why invest overseas when there's competition knocking at the door right here >> well, i'm not really sure maybe it's cheaper to do that if there's more competition here. i don't know the shareholders of disney were t

i'm julia boorstin in washington. >> even with the slide happening with technolog our guest tonight seesde in the market. joining us is tony dwyer, chief maet rategist. it is always good to have you here, tony. >> thanks for having >> let me start with tech because that's where we just left off. a two-day sndmp in some cases for some -- maybe -- wow, that's what i want to talk to you about. some of the moves, though, in those stocks have been pretty violent to the down side you don't see that as an issue. >> well, they were violent to the upside, like, for example, if you look at appl it was very extended. these stocks have gone up over 20% and at some point you are going to run out ofan buyer that doesn't mean anything has significantly changed on the fundamental t basis andre's slower demand when you're in the trade war rhetoric and ulnmately it comes d to what is the business and what direction is earnings going and that should still be significantly higher. >> so if you're a long-term investor, the question you isbably have to ask yourself if you want technology in the portfolio, do

dominated right now by netflix julia boorstin in l.a. tails on the app what it could mean for netflix hey, julia. >> scott, at&twarner is launching into the streaming wars where, for the comic book brand called d.c. universe costing $8 a month the same price as netflix basic service or $75 annually. you get access to thousands of hours of movies and tv seers featuring superman and batman. plus access to thousands of comic books a community for fans and exclusive merchandise. in addition to library content warner brothers is producing original series for the service. the first is called titans launching next month this is more of a neech subscription service for superhero fans it's entering a crowding mechanic. at&t warner media, plus netflix, hue lieu, amaze on prime video among others next year disney is launching its own streaming service that will feature rival superhairs, marvel content along with disney branded shows appear mofrs film from lucas film, pixar. now kroer bob iger says that will cost less than netflix and less than d.c.

for nightly business report i'm julia boorstin in los angeles. >>> car max topped expectations and that's where we begin tonight'sarket focus. the car retailer said new digital initiatives helped drive increase in same store sales. and that led to an overall earnings beat. e company points to results lifted by higher selling prices for use vehicles. shared finished down 1%o 74.66. papa john's ousted founder is not walking away from the chain with a fight. he has contacted a number of y back equity firms to the restaurant chain he left earlier this year. several private equity firms reportedly have rejected schnatter's proposal to partner on a bid and shares. papa john's pop 8% t50.14. >>> online polling company survey monk y made the trading debut after pricing shares above the expec range. the initial public offering put survey monkey's valuet nearly $1.5 billion. and while the company isn't profitable yet, the ceo says it's making progress. >> on a net income basis cap we are still unprofitable. we are bringing on world class shareholders who understand the business model. h this is ahl

congress toraft rul that will protect consumers without stifling for nightly business report julia boorstin in >s angeles. nd before we go a look at the final numbers from wall street. the dow rose 27 points to 25998. the nasdaq was down 1 and the s&p 500 was up 1. and that will do it for us tonight. i'm sue herera thanks for joining us. >> i'm bill griffeth. see you tomorrow evening. have a great evening. see you tomorrow. >> this isbbc world news america." >> funng of this presentation is made possible by the freeman foundation, ation, pursuing solutions for america's neglected needs, and purepoint financial. >> how do we shape our tomorro it starts with a vision. we see its ideal form in our mind, and then we begin to chisel. we strip away everything that stands in the way to reveal new possibilities. at purepoint financial, we have designed our modern approach to bain

facebook is unveiling the newest part of its headquarters our julia boorstin got an inside look and shethe newest gary design building aims to turn heads and attract and retain employees the building is 525,000 square feet this is connected to the 3-year-old sister building where mark zuckerberg and cheryl sandberg sits. building the cost of facebook west campus to an estimated of $1 billion plus. now, we have some drone footage that shows the 3.5 acres green roof take a look at those, solar panels and an outdoor amphitheat amphitheater they have town square which includes a redwood forest. >> when you walk out of our town square, it is pretty cool. who would not want to work there? i go out there and sit on the log and have a meal and conversation with a colleague. people can envision themselves there so it is a real big part on proposition and selling candidates on what it is like to work here. >> the openness of the building aims to reflect the company's culture. >> the mission of the company is focusing on community and giving people the tools to build their own community and really

julia boorstin is in washington with more. >> good morning.his morning sheryl sandberg and jack dorsey will testify before the senate intelligence committee. that will focus on their work preventing election interference sandberg in her prepared remarks taking responsibility and saying the company is i investing for the long-term because security is never a finished job. one question we know will be top of mind is what regulation could look like. the topic mark zuckerberg was grilled on when he testified in april. >> senator, my position is that there should not be no regulation >> you going to embrace regulation >> i think the real question, as the internet becomes more important in peoples lives, what's the right regulation. >> but you as a company, will you welcome regulation >> if it's the right regulation, yes. >> this will be jack dorsey's first time on this stage to weigh in on these issues he will get a double dose of questions, testifying before the house this afternoon on the question of bias in twitter's content monitoring in prepar

the gender gap continues in silicon valley they found a gap between women and men at companies julia boorstin part of the closing the gap series good morning, julia. >> reporter: good morning to you, carl. women own just a fraction of the equity of startups finding female employees own just 47 cents of startup equity. that gap between men and women on the cap table which allocates shares in private companies is considered a key piece of inequity in silicon valley starsup equity enables investment in the next generation of companies and fuels the next generation of entrepreneurs. women comprise 35%, but hold only 20% equity. the gap is bigger among founders women 13% of founders, hold only 6% of founder equity, according to a study by a tech company that manages cap tables that analyzes data of 180,000 employees, over 6,000 companies, 15,000 founders. this gap in cap table representation is actually larger than the pay gap. pew reports women earned 82% of what men ernarned. a group of female investors are working with venture capital investors to explain why the gap between men and whimpomen p

. >>> welcome back cbs announcing today another executive is out this time at cbs news julia boorstinreporter: well, cbs news president david rose announcing "60 minutes" executive producer jeff fager is leaving the company effective immediately saying they are searching for a replacement to leave what is called the most significant news broadcast on television. write fog employees, quote, this action today is not directly related to the allegations surfaced in press reports which continue to be investigated independently. however, he violated company policy and it is our commitment to uphold those policies at every level. now this, of course, comes following ceo les moonves resigning following a series of sexual misconduct allegations. fager is significant in a statement, quote, the company's decision had nothing to do with the false allegations printed in the "new yorker. instead, they terminated my contract early because i sent a text message to one of our own cbs reporters demanding that she be fair in covering the story. my language was harsh, and despite the fact that journalist

meanwhile, as you probably know, twitter announced it permanently banned info wars founder alex jones julia boorstinthaerlt. after sus -- that's right, after suspending alex jones, they permanently suspended alex jones from twitter and periscope we took this action based on new reports of tweets and videos posted yesterday twitter referencing videos wednesday that showed him berating a cnn journalist on capitol hill after a long history of offensive behavior, including saying the sandy hook mass shooting was fake now twitter citing policies that prohibit direct threats of violence is going a step further from banning jones, saying he cannot recreate presence under another account to circumvent the ban. twitter joins facebook, youtube, apple, spotify who all removed on limit him on their platforms. facebook deleted four pages run by jones a month ago jones is back posting on facebook after that 30 days expired. he acknowledges the twitter suspension, directs people to his uncensored videos on his website using the facebook web page to do so. appears the ban of jones on various platforms are successfu

let's get to julia boorstin for more >> disney announcing espn plus hit one million paying subscriberss since launching. it costs $5 a month, has different content than on espn including live mlb games, boxing, ufc, college football, grand slams, tennis and other programming. this shows conversion of free trials, validating the direct to consumer strategy a year ahead of the launch of the disney branded service. iger faced questions how much would people pay for additional subscription for context, hulu with live tv that starts at $40 a month hit one million subscribers after launching 16 months ago. and cbs all access which turns four in october has 2.5 million subscribers. espn plus is no direct competitor for streaming sports. cbs has a cbs sports hq but just news and highlights, no live games. and to access fox sports go, you have to pay for tv disney will add more exclusive content and features kevin mayor saying they believe growth will continue back to you. >> julia, smart viewers are wondering what an interesting exercise this is going to be for disney and their strategy depart

in a telling moment last november, our julia boorstin asked him to describe his management style. >> i am very hands on. i genuinely respect the people i work with. i have been an employee, i know what it feels like to be an employee i think it's really important that people are not worried about politics either in the next office or from up above because i know and i have been in times of crisis like that you spend 60, 70% of the time thinking of the crisis and 30% thinking about your job, and the idea for me is to try to relieve that stress from them. >> reporter: again, that was last november. a few stars are speaking out, rachel bloom, co-creator, starve crazy ex-girlfriend tweeted a link to the article. says as an employee of cbs, i would like to say les moonves should be fired without getting a blanking dollar. the actions described in this article are those of sexual assault, shame on anyone else in the corporation that knew about his crimes jed appetow is tweediting he should be going to jail. >> bill, great to have you with us in this story one of the anecdotes is his treatm

julia boorstin in los angeles. more reaction let's bring in scott galloway scott, great to have you with us. >> thanks for having me. >> if you were asked by this committee what can we do, what should we do, would your suggestion look like -- anything like what the european union has put in place in terms of gdpr? >> no, i think there's been unintended consequences. i would argue gdpr may have entrenched big tech's position if you get an opt-in requirement from google, your finger is on that accept button as soon as possible if you get an opt-in button from bbc or a media network that's not as strong, in addition, these companies, regulation like this is expensive and complex to adhere to. these firms have a lot of lawyers to handle this type of thing and a lot of administration as a matter of fact, google is advertising to some of its biggest customers, if you spent more money with us or are part of our advertisers, we can help you comply with gdpr so they were turning a bug into a feature. these things are -- reg

julia boorstin in los angeles with a look. >> well, scott, for the first time netflix has surpassed hbo'snetflix drew 112 dominations topping the hbo nominations with 108 followed by nbc with 78. fx with 50, cbs with 35. with the streamers, hulu and amazon have more nominations than ever. hulu with 27 thanks to its hit "hand maid's tale. though "game of thrones" still has more nominations than any other single show. followed by another hbo show tied with "saturday night live." the outcome of tonight's award for netflix, how lieu and amazon can earn them the critical acclaim of the long-time leader of the emmys hbo. which is now newly owned by at&t netflix shares hit an all-time high in march after it won its first oscar for its documentary iceris right now they're getting accolades out of the toronto there's still questions whether the academy is ready to give critical acclaim and what kind of qualifying run it's time to watch this peet with the entertainme entertainment. >> it going to move as a result of the emmys >> it used to. ooifr been very critical of netflix and largely wrong. i a

the company announcing a series of new features to boost lagging numbers this morning julia boorstin has more. >> reporter: snap is partnering with 20 media companies to create their own stories for the discover section snapchat announcing over 75 million people last month looked at our stories, publicly shared snaps, curetted by the snapchat team new partners creating public snaps include cnn, nbc news, nbc sports, "today" show, and viacom cnn could filter public snaps about the hurricane to tell on the ground stories, or cosmo can create a story on fashion week trend. snap will post ads between stories, sharing revenue with media partners snap shares off some 30% since earnings a month ago, concerns about disappointing user growth and guidance as well as competition from instagram it has a billion monthly users its stories draw 400 million active users snapchat, 188 million daily users. instagram continues to follow snap's lead, growing content brand partnerships with instagram tv and content will continue to be -- the ceo telling me in june how it is crucial to build discover as c

jewely boorstin in los angeles with more on what this means for facebook high, julia. >> well melissaoveders kevin systrom and might go kriek krieger leaving the company. ceo and kto after selling the app to fischer for $1.0 billion. they have had a successful run grow going to over a billion monthly user saying they are planning to take off time to explore cursety and creativity again facebook shares bouncing back after dipping this morning on news the departure come at a time when instagram is considered increasingly important for facebook's future. adding users when the core service stagnated and more room to grow add revenue. it's a time when there is growing concern about executive depart yurs. jan koum on the board announced depart in your april and stand rose nouns announced will be leaving after 12 years this fuels concerns about internal strive at facebook under the cloud of scrutiny for are from capitol hill for election manipulation upon the platform it raises questions about whether there was tension over a push to more closely integrate instagram into parent facebook as f

that's many years away >> cyrus, thank you, julia boorstin as well see you soon >>> still to come, autolert on deck toyota issuing a massive recall for one of its most popular models we'll bring you the news and the car. >>> and scores and more. the u.s. open semifinals are set. if you missed the finals, we got you covered. what's critical thinking like? a basketball costs $14. what's team spirit worth? (cheers) what's it worth to talk to your mom? what's the value of a walk in the woods? the value of capital is to create, not just wealth, but things that matter. morgan stanley man: are unpredictable crohn's symptoms following you everywhere? it's time to take back control with stelara®. for adults with moderately to severely active crohn's disease, stelara® works differently. studies showed relief and remission with dosing every 8 weeks. woman: stelara® may lower the ability of your immune system to fight infections and may increase your risk of infections and cancer. some serious infections require hospitalization. before treatment, get tested for tuberculosis. before or during treatm

>>> facebook ceo sheryl sandberg and twitter ceo jack dorsey heading to capitol hill tomorrow julia boorstins angeles and she has a preview. >> that's right. sheryl sandberg and jack dorsey will be in the spotlight tomorrow morning they'll testify before the senate intelligence committee about their work to prevent election interference. we can expect sandberg to focus on the platform taking accountability and responsibility around preventing election interference, detailing investment in a combination of technological improvements as well as new hires and facebook's collaborations with government agencies, companies and experts. jack dorsey tweeting out friday afternoon that he's heading east to these hearings. he wrote, quote, we acknowledge our responsibility and commit to greater accountability i plan to share our learnings and the proactive measures we're taking we'll listen, learn and engage in any practical ideas we hear on how to improve together looking forward to the conversation the senate intel committee also invited alphabet ceo larry page but as of now he's not scheduled to att

giant stalling out we are talking about google facing a perfect storm of problems let's go to julia boorstin for the details >> well, melissa, the ftc started hearings on competition and consumer protection, questioning whether google along with facebook and amazon are monopolies this comes amid reports that attorney general sessions is prepping an investigation into social media companies for censership, a leaked video from google could fuel allegations that the internet giants are biased against conservative. breitbart posting a video from the google meeting after the 2016 election in which the top executives shared disappointment over president trump's victory >> myself, as an immigrant and refugee, i'm -- i certainly find the selection deeply offensive and i know many of you do too. and i think it's a very stressful time and it conflicts with many of our values. >> google senior ceo saying i think all of us would agree this election was particularly hard google responding to breitbart posting this video saying quote for over 20 years everyone at google has been able to freely express opi

julia boorstin joins us with the winners and losers >> well, andrew.irst. both of them hauling in 23 statues. hbo's 23 is down from 29 a years ago. netflix brought in three more wins than last year. this comes after netflix went into the ceremony with the most nominations. that was the first time hbo hasn't dominated the nominations since 2000 hbo did collect nine wins for "game of thrones." that's the most of any program one of those was for best drama. also got three for "west world." netflix was bolstered by "the crown" as well as "black mirror." other streamers racked up notable wins as well amazon had a big night with eight wins total it was the first streaming service to win outstanding comedy for "marvelous mrs. maisel." hulu brought home four with "hand maids tale." disney is buying some good awards with its acquisition. fx network winning five total and fox winning three awards ratings for the show will come out later today. we'll have to see how the broadcast and its "snl" host scored with viewers. andrew >> great julia, stay with us, if you

now the lobbying organization that represents them is trying to get ahead of privacy regulation julia boorstinshe has more on this story julia, good morning. this looks like it's going to be a mess >> well, becky, good morning to you. the internet association is releasing proposals to guide privacy legislation to avoid the confusion of a patchwork of state privacy rules. and to get aid head of california's comprehensive privacy laws that go into effect in 2020. this group of 45 companies include amazon and uber and is pushing for legislation that it controls transparency, consumer access to the data that consumers have provided, and the ability to delete or correct personal information or transfer it to other companies. the internet social is advocating for a national data breach notification laws which would preempt the state rules to create a new standard for clear breach notifications also saying that privacy protections should apply equally to all different kinds of tech companies as well as offline companies. such as retailers or credit card companies recommending the ftc enforce these la

julia boorstin is covering that one for us julia. >> tyler, comcast topping the bid of 21st century fox and its new owner, disney, to acquire british broadcaster, sky comcast paying 10% more than fox's highest bid. comcast saying it will increase the international revenue from 9% to 25%. sky advising shareholders to accept the offer immediately with comcast paying 60% more than fox's initial bid for sky back in 2016, and 38% more per share than comcast initially offered, analyst craig move fit downgraded to neutral and lowered the price target on the stocks the spotlight now shifts to the 39% of sky that disney will own through its fox acquisition. the question is whether disney will hold on to those shares or will sell them also, what did this mean for hulu, of which comcast owns 30% and disney will own 60% once its fox acquisition is completed sources close to the situation telling me, there's talk that comcast's stake in hulu could be in play as the two media companies look to avoid having to share ownership of those assets now comcast says it expects to complete the transaction befo

> new reports about what facebook is doing with your data, maybe including your phone number, julia boorstin in l.a. with the details. >> when people enter their phone number for two factor authenticati authentication, they don't realize that facebook can cross reference info not just with what information users put into their profile but also information people provide for security purposes and data collected from friends' contact books or shadow contact information as it's called facebook responding, quote, we use the information people provide to a offer a better more personalized experience on facebook, including ads, we are clear about how we use the information we collect, including the contact information that people upload or add to their own accounts you can manage and delete the contact information you've uploaded at any time now, facebook encourages two factor authentication to secure accounts and providing a phone number is the easiest way to set that up but users can use a separate app such as google authentication to generate log-in codes with facebook under fire for data priva

. >>> i'm julia boorstin in washington a shakeup at cvs the company tells us the company is in talks with ceo les moonvulmoonve about a possible departure >>> coming up on "the closing bell" we'll speak exclusively to the marriott ceo >>> nfl kicking off tonight signals a new era for sports betting. "the closing bell" starts right now. >>> a very good afternoon and welcome to "the closing bell." i do like jim's jacket i want to get one but with arsenal logos. >> i don't know, you're not a super fan like he is >> but i am of arsenal it's going to be 20, 30 years time at this rate, so no need to fear it in the short-term. we'll get to all those headline stories but first let's check in on the markets the dow coming back after having been down 94 points on the day, and now in positive territory. >> though it's the nasdaq getting hit the hardsh again down 1% again after yesterday's 1.2% slide tech stocks are stumbling. >> not a whole lot of green here the nasdaq 100 on pace for its worst week of decline since march led by tech. and today the chip sector is really ground zero for the decl

for that we will go to julia boorstin. >> snap announcing it is partnering with 20 media companies tor own stories from publically shared snaps. the company announcing that over 79 million people looked at the our stories feature which are snaps that the team cureates. the partners include cnn, nbc news sports and "today" show. cnn could curate stories about the storm. this comes as snap shares have plummeted in the wake of disappointing user growth and guidance and concerns about competition from facebook's instagram which has a billion monthly users. the stories drew 400 million daily active users compared to snap chat's 188 million total daily users. instagram continues to follow snap's lead. we'll have to see how this ongoing rivalry plays out. carl, back over to you. >> thank you. back above nine. we talked about the downgrade yesterday losing everything from cfos to heads of engineering in sales. >> if this company only had one class of stock i think that there would be people in there right now. you have to sell this thing. it has become the joke. it has become zynga. >> you th

julia boorstin joining us from los angeles with the latest. hi, julia. >> melissa, facebook saying on september 25th, the past tuesday, the engineering team discovered a security issue affecting almost 50 million accounts facebook saying the investigation is still in the early stages about the latest security incident but they fixed the vulnerability and informed law enforcement. saying they have yet to determine whether the 50 million accounts were misused or any information was accessed facebook says that attackers exploited a vulnerability in facebook's code that impacted the view-as feature, that allows people to see how the profile appears to one else. this then allowed the attackers to steal the quiver lent of a digital key to use to take over people's accounts. facebook saying because of precautions they've taken around 90 people will have to log back in to facebook or any of the apps that use facebook log-in to save information melissa, you see shares down 3%. i'm sure we learn missouri more from facebook over the course of the day. >>

and influences on the share price >> carl, thank you carl quintanilla on capitol hill now to julia boorstin, what we can expect from the hearing where dorsey will testify this afternoon. julia? >> that's right. i'm over at the rayburn office building where the house energy and commerce committee is set to start in 25 minutes, this time jack dorsey testifying solo. the focus of this hearing is on whether twitter is biased in the way it moderates content and decides who and what to block from the platform. the senate intel hearing this morning was meant to focus on election interference. senators addressed a range of topics including the handling of fake news, bots and trolls, and throughout the questioning, jack dorsey stressed that they have more work to do, particularly when it comes to transparency, but said the platform is unbiased and wants to be a safe town square for the exchange of ideas. take a listen. >> our interests are aligned with the american people and this committee if we don't find scaleable solutions to the problems we're now seeing, we lose our business, and we continue t

out to julia boorstin. >> cbs news announcing that jeff fager from "60 minutes" is leaving effectivetely, this announced by david rhodes who is president of cbs news rhodes sending an e-mail to cbs news employees saying that bill owens will manage the "60 minutes" team as they search for a new executive producer of the program. he goes on to say that this action today is not directly related to the allegations surfaced in recent press reports about rhodes he says those continue to be investigated independently rhodes goes on to say however he violated company policy and it is our commitment to up hold these policies at every level. joe enew ceo is involved in the decision and so that is the e-mail that was sent to cbs employees. or course this just days after les moonves announced he is leaving as well. shares down about half a percent. >>> i have no idea why you would want to turn the channel right now because we have so much more coming up after this >>> hard to believe it has been ten years since the lehman collapse, but ittic canned off t -- kicked off the financial crisis could

and liberty we were given to create twitter in the first place >> dorsey went on to talk about, julia boorstin, as he called tack tonic shifts and how the industry operates. he was open to doing things like labeling bots, for instance, what else might he have in mind? >> it seemed like both he and sheryl sandberg were open to regulation sandberg felt like regulation was inevitability. she just wanted to make sure it was done in a way beneficial to consumers. dorsey and sandberg talking about working together, working with governments and they are very enthusiastic about working with outside experts sandberg saying it was a tip from asecurity company that identified some bad actors on facebook, that meant their systems were working sheryl sandberg repeated they are focused and determined to make changes that would prevent any interference around the midterms take a listen. >> let me be clear, we are more determined than our opponents and we will keep fighting. when bad actors try to use our site, we will block them when content violates our policies, we will take it down and when our opponents

julia boorstin has the highlights.ut this but also saying it didn't look like there were too many obvious missteps from these two yesterday. >> reporter: they both got pretty high marks for holding their own but twitter shares did fall 6% over the course of the day while facebook shares dipped by 2% during the trading day. now there was pretty noncombative questioning by the senate intelligence committee but then dorsey going solo faced tougher critics from the house where he was grilled about perceived conservative bias on the blast, something that dorsey denied twitter shares dropping really on dorsey's explanation that making changes to the platform will come at a cost. >> our singlear objective is to increase the health of public conversation and we realize that that will come at short-term costs. we realize that we will be removing accounts. >> sandberg and dorsey both stressed they're work to go improve their platforms and to beef up protections ahead of the midterms. those commitments drawing thanks from the com