for "nightly business report" i'm julia boorstin los angeles. >>> zoom is actually profitable. goal is to make video communications frictionless and it's not just earnings that investors care ab they also like to see growth and zoom's ceo said he hagra strategy to the brand. >> i think that first of all, we started from s&p customers and we are theav ones thata much better cycle. i think to be a publi company brings more responsibility and plus it can really help our company brandnd with that, it would probably takffrom here. >> kathleen smith joins us right now to talk about the ipo market an at the moment she's co-founder and principal at renaissance capital. welcome back. >> thank you. >> if anything, you're concerned about the valuations on some of these ipos, right? >> certainly. i think valuation is very important and investors breathed a sigh of relief to see zoom and afterest trade so well the very disciplined trading that we had with lyft, the largest ipo so far this year. so these two companies tell us thats can be priced right and trade well. >> if anything, pinteres

julia boorstin breaks down the big money behind the bigction flick. >> i don't know what i'm going toesn't. >> a superstar lineup of marvel a decade-long journwe track to deliver a record opening weekend for disney's marvel. avengers endgame is projected to be around 370 and $200 million e and domestic box off as much as 700 million for overseas markets and putting io track to over $1 billion worldwide and a record by a long shot and infinity wars opening weekend last year. >> demand is through the roof. i've been in this business for 50 years and i've never seen anything like this film and i've seen star wars, the force ov awakens and mie theaters to add amany showtimes as they are adding. >> ticket shows inve chinar $107 million smashing the prior record and fandango says ticket presales are five times what th last avengers film drew. with it down16% so far this year from the same period last year, avengers endgame is expected to draw back moviegoers and rev back upff boxe numbers and not just with this film, but by exposing moviegoers to trailers for sequels and franchise films com

for "nightly business report," syme julia boorstin in los angeles.ns us to talk more about thee gender wap between men and women and how it could be hurting the u.s. she is from the earnings of institute for women's policy research. welcome. e to have you here. a >> thank you fressing this. >> you maintain that one of the biggest on problems at the base ofll of this is yes and no.on, corrected? so discrimination not when you the same job, but discrimination in the way we reward after what women typically do and what menll typicay do. for example, ari truckr makes less than a secretary. >> two of them in particular, technology and healthcare but we still hear about gender pay inequality where they claim in some basis that they can't find enough ski workers. how does that happen, do thin the issue of discrimination? >> i think one issue in the tech industry, it is smaller than othernd sectors often women go into those high-paying, non-traditional fields for women and they make a little better money. in the healthcare sector there's somethingal we the g

the stocks rose in initial after-hours trading and julia boorstin has mor on facebook's quarter. >> a headline out of cebook that had nothing do with its user growth and advertising, $3 billion. that's the size o legal expense facebook took related to the ongoing federal trade commission inquiry into facebook's data practices, estimatinghated compa company take a loss between $3 and $5 billion the matter remains unresolved and there could o assurance outcome.to the the issue at hand, back in 2011, facebook settled with the ftc overcharges it deceived users by telling them they could keep their information private. this inquiry started after the cambdge analytica scandalea broke last and it looked into whether the company violated its commitment to the ftc and investors seemed assured that the growth on the top a bottom line exceeded expectations. for "nightly business report" i'm julia boorstin in los visa reported a doubleigit rise in profit including visa's swipe fees and processing transactions. the dow component has benefitted from the tight labor market and the increase in wages,

julia boorstin has at&t.hil lebeau, the latest on boeing morgan, let's start with you >> you were doing that market check. in terms of the biggest drag on the dow, it's for the most part been caterpillar today with those shares down about 2%, almost 3%. a beat for the economic bellwether as revenue jumped 5% on higher demand for mining and construction equipment mining was the bright spot as revenue jumped 18% but the main focus for investors has been construction sales. so cat's biggest unit, those were up 3% you did see strength in north america. a lot of state and local infrastructure spending despite uncertainty at the federal level. but china, this was the big thing investors have been watching 10% of overall sales once again seen as a pain point cat saying that it expects industry demand for construction in china to rise slightly this year though its own growth is expected to be flat. that's because it expects to lose some market share amid competitive pricing. now factor in higher costs for labor, frei

turning to snap, which is also soaring on earnings let's get back to julia boorstin in los angeles who'sging through that report. julia. >> a couple more details here from the report to explain why snap's revenue growth is faster than expected and also why it's able to add users faster than expected you see shares up over 7%. so in terms of revenue growth it sounds like that's really based on improvements to their ad tools. they have a new self-serve ad tool with additional features. they talk about how they're invested in more brand focused buying tools it's not just direct response ads but ads for big brands who want to reach consumers. also more tools to help them understand who they're reaching and how they're reaching them in that ad impact in terms of their impact on consumers, they said they have some prettying interesting stocks in discover which is a content platform saying in the first half nearly half of viewers watched discover every day of the week. the premium content they do for their platform what's key there is it means the engagement is very high. and just one more deta

julia boorstin with those headlines. hi, julia. >> reporter: hey, kelly.are over 400 partners here of snap and they're all inside in the main south stage listening to ceo evan spiegel with their engagement with the camera software in that platform >> camera changes how we see, how we speak, how we shop and tell stories and so much more. but most importantly, our camera lets the natural light of the world penetrate the darkness of the internet >> that sounds like a little dig of facebook. augmented reality tools to make snap lenses easier to use, more customizable with hand tracking and body tracking and even pet tracking, easy for everyone to create it's calling landmarker lens experience to add augmented reality layered to landmarks like the eiffel tower and the flatiron building. we'll hear about snap's game platform and more shows they're launching for discover and throughout today, we expect these executives to address snap's protections of user data, while also announcing their scale with younger users to rival facebook spiegel announcing it reaches t

julia boorstin with more for us. julia? >> reporter: new rules for the internet in anop-ed for the "washington post." addressing harmful content, election integrity, and he wants regulators to set standards about what would count as a terrorist content or political ad that would shift the onus away from facebook for privacy regulations, zuck zuckerberg on a framework and for data portability, regulation is needed to ensure the safe transfer of data between services and even away from facebook. we'll have to see whether this helps facebook work with congress amid calls to regulate or even break up the company senator mark warner saying, quote, i'm glad to see mr. zuckerberg is finally acknowledging what i've been saying the last two years. the the eera of the social medid west is over but david is critical of zuckerberg's proposal saying facebook is under criminal regulation and cannot regulate itself does anyone even want his advice a couple are bullish on zuckerberg pull puttitting the facebook on what's app could impact t

loren, covering technology and then staff writer for the "washington post" with tech policy and julia boorstin there at the conference julia, what were the announcements after that prelude? >> reporter: well, kelly, mark zuckerberg said the future of facebook is private. he made a number of announcements talking about shifting the company's apps to focus more on private messaging and specifically, communication between small groups and close friends. facebook, they're totally redesigning the facebook app they'll start to roll it out today with more of a focus on group communication, stories, less of a focus on the news feed they're redesigning the messenger platform saying that's really going to be the centerpiece, the new privacy focused social communication and interestingly, sort of make that the hub and bring stories from instagram and updates from facebook from your close friends into that as well. trying to make it more inclusive, just from your close friends and then e-commerce, we heard a number of comments about how the company will make it easier to shop without having to go through

joining us now director of social media master program at the university of florida and our own julia boorstins, as well. julia, i want to start with you to set the table how unusual is this shut down given the time the sri lankan government shut down the social media sites it wasn't proven, it wasn't even known at the time who was behind the attacks using social media to instigate? >> the shut down was about the sri lankan government looking to prevent spread of misinformation after the attack or any more violence in the wake of the attack what this really speaks to is a growing mistrust for the role that facebook and whatsapp can play especially in countries like sri lanka and india and asia this is not the first time the government has shut down access to social media. we saw the indian government do this in 2012 because of the spread of misinformation that was spreading violence this is preemppreempitivereempt. there was not information spreading, but they were afraid of information spreading and concern around the world for the role that facebook can play. >> we saw the shut down on socia

writers take on talent agents with a major impact on the structure of the entertainment industry julia boorstintest details on this brew ha-ha hi, julia. >> reporter: writers are firing their agents after the writers in the association of talent agencies failed to reach a new agreement. stephan king is one of the writers tweeting out the letters sent to their agents with patton oswald and the creator of the wire david simon they're at war over packaging fees that agents earn for putting together writers, directors, actors for a project. the writers guild wants the fees eliminating saying align more with studios and writers also saying that agencies affiliated production companies pose a conflict of interest. until this is resolved, that means no new writers fees or packaging fees including caa and wme and the parent endeavor is looking to go public this year the agent's association saying the move will hurt artists especially mid level and the writers guild saying that a big change was necessary now though this does not impact any current writers' contracts, the battle could make things challen

and for oz perlman who picked it in the stock draft, "avengers: end game" opening in the u.s julia boorstinulia? >> reporter: melissa, "avengers: end game" is well on its way to bring in between $900 million and $1 billion at the worldwide box office this opening weekend. now, that would fly past the last record holder no matter where it falls in the 900 to 1 billion range. the last record holder was "avengers infinity war" and $60 million were a record breaker pushing the film's ticket sales in the first two days above $300 million worldwide. china, the world's fastest growing movie market is responsible for about half of that in addition to rave reviews, 96% positive rating from critics on rotten tomatoes, "avengers" is top trending topic on twitter for days now this isn't just a big win for disney's studio which spent a reported $400 million to produce the film, but it could also benefit disney plus, the streaming service that disney is launching in november because they will be featuring marvel and all of these characters in the movie on that disney plus service. >> julia, thank you, ju

you very much, phil lebeau >>> the new avengers movie could turn into another hit for disney julia boorstinooking at some of the early numbers. >> "avengers end game" is off to a record-breaking start. the studio reporting in its first day of release in china, it brought in over $107 million in ticket sales. that's a record by a long shot blowing past all prior records with record ticket presales for the star-studded film that the culmination of the avengers franchise is widely expected to break all records both in the u.s. and overseas. comscore projecting it could gross $300 million in north america and another up to $700 million overseas for a total opening weekend that nears $1 billion. the current record for an opening weekend is held by "avengers infitity war" with $640 million opening working in this film's favor, a number of things a long list of superhero stars, built-up anticipation to see the resolution of the last avengers film and rave reviews and 97% positive rating on rotten tomatoes and theaters will be playing this three-hour long movie around the clock, especially opening

steve kobach and julia boorstin. here is what else is ahead on "the exchange. >>> coming up, a new way to play the energy boom that doesn't bet on energy companies. >>> plus, forget going to the mall for clothes how about going for an escape room, axe throwing or even sky diving we're looking at the changing face of the mall, and how investors are of profiting >>> and the alarming new numbers about the expected social security shortfall is your retirement at risk one-millionth order. millionth order. ♪ there goes our first big order. ♪ 44, 45, 46... how many of these did they order? ooh, that's hot. ♪ you know, we could sell these. nah. ♪ we don't bake. ♪ opportunity. what we deliver by delivering. the latest inisn't just a store.ty it's a save more with a new kind of wireless network store. it's a look what your wifi can do now store. a get your questions answered by awesome experts store. it's a now there's one store that connects your life like never before store. the xfinity store is here. and it's simple, easy,

let's go to julia boorstin, got key metrics to watch this afternoon for us hey, julia >> reporter: hey, kelly. twitter and snap both grew their daily active users faster than expected but have to see if overall social app engagement on the rise or whether those companies are eating into facebook's growth. facebook user numbers under scrutiny key numbers to watch daily active users projected to inch up to 1.55 billion and see how much facebook can grow, usage of overall family of apps, 2.7 billion monthly users and expected to be around $15 billion. but revenue growth is expected to decline to its slowest pace since the company went public to 25%. we'll have to see how that number impacts average revenue per user with so much talk about facebook's investments to protect user data and the security of the platform, we'll have to see if ceo mark zuckerberg updates on the cost of the investments and how much they'll weigh on facebook's bottom line. >> it's been an interesting week for the social media names twitter did quite well off of its earnings and then you had the reversal in snap ove

julia boorstin joins us. >> what investors want to hear is how much the service is going to cost andmore details on when it's going to launch bob iger said a launch by the end of the year, late 2019 exactly when and for how much? he said less than netflix. $5, $6 or $8 i think what tomorrow is going to be about is bob iger showcasing the breadth and depth of disney's brands and library marvel, disney, star wars, national geographic. avatar disney will show these are the iconic brands if you have a family, little kids, you'll want to subscribe to this the other thing is this is going to be movie theater quality content. there are going to be stars from the marvel universe that are going to be making shows and films that you'll only be able to see on disney, on disney plus it's going to be something you won't be able to get anywhere else they'll be trying to convince people it's worth subscribing to this in addition to netflix and all of your other things >> talk about the avengers and this movie "end game" which is blowing through box office records. knocking out "star wars" franchise

thanks for bringing us all of those key comments here with the stock surging, julia boorstin, in l.a. coming up, jeffries out with a buy rating on lyft as shares continue to climb higher this morning. analysts behind that call is going to join us next. >>> take a look at the s&p 500 closing in on an all-time high 2927 as your level right the. re we'll be back after the break. ♪ like a drifter i was-- ♪ born to walk alone! keep goin' man! you got it! if you ride, you get it. ♪ here i go again geico motorcycle. 15 minutes could save you 15% or more. >>> markets about to close in the uk and across continental europe. stocks finishing mostly higher, but the banks capped gains. meantime, belgium materials giant seen its biggest one day drop since '89 after cutting its forecast for next year. the company which has invested heavily in batteries for ev cited weak demand in china. the company warned that the 11 day strike at its stop & shop chain here in the u.s. could shave off as much as $100 million in its underlying profits in 2019. dow's up 116 here. s&p 500's closing in on 2930. let's ge

we've got full team coverage on all of these names including facebook which julia boorstin is monitoring in los angeles and gene munster is keeping tabs and we start off with facebook and that stock soaring after the media giant announcing daily and monthly users in line with estimates and it has set aside $3 billion to cover an unexpected fine from the federal trade commission, one of the large nest history it looks like the privacy concerns over the platform isn't impacting the bottom line. safe to buy facebook guy? >> the eps revenue beat i get it, but you talk about daily active users and you're not seeing a lot of growth there and monthly average users and maybe that's okay. in terms of this number stuck out to me, head count up 36% year over year that's a pretty significant number i think the market is looking past that to $3 billion. maybe that's a one-off, tim can speak to that, but given this, i thought the last quarter was much better than this quarter and the price action was justified last quarter i'm not certain it's justified necessarily this quarter although it was, i thin

julia boorstin, thank you as well david faber has some breaking news david? >> yeah, thanks tyler.pple and qualcomm have agreed to a settlement in a long running dispute between the two companies that actually was in court in san diego and continues to be in court at this very moment as the various sides offer their opening arguments in a case that was expected to go as long as three to five weeks this is a dispute that's been going on for years, of course, one in which apple has stopped paying through its contract manufacturers royalties and fees to qualcomm, that amount to many, many billions of dollars do not have a lot of details, however. people familiar with the situation tell me that the two parties have reached a settlement, do expect to hear fairly soon more specifics on said settlement that does involve dropping all litigation in all jur dixions around the world between apple and qualcomm and that would involve a new agreement between the two companies for a licensing deal that would extend for quite some period of time and also i am told as well involves at least the pay

julia boorstin in los angeles.up 120% or so so far this year alone versus a twitter. >> think you go twitter. i don't think you have to buy it tomorrow, but if you look at what they're doing, what they're doing is working and we're seeing the daily average users increase and that's what the entire things are valued off of. given the two i would sell my snap and buysome twitter >> dan >> i think it's what julia said that's very important and what evan spiegel said about the demographic. snap is only expected to have $1.5 billion in sales and it's a rounding error on facebook and 70 billion which is largely advertising. so to me, i still think snap was down from the ipo price and this was a unique, social property and it will be valued at much more and up 120% and the stock is lucky to be unchanged this year because there was a lot of high expectations in the print >> the android reboot was very important and a whole new. >> you've been all over twitter and we have to give you credit >> i appreciate that that's nice.

julia boorstin is at the snap summit with the details. hi, julia. >> hey, melissa. that's right here evan spiegel talking about how he wants to expand snap and make it a bigger part of his user's lives with new tools and new partnerships to help keep its users hooked, but also help grow ad dollars. perhaps the biggest move to grow time spent on snap chat, a new game service and it will be free with six-second ads opening up a revenue stream it's making a big move to integrate with other apps to apps like tinder and you'll be able to share the shows you're watching from netflix back to snap and snap announced there is an app network to bring its ads into other apps. >> the snap chat camera changes how we see, how we speak, how we shop, how we tell stories and so much more. >> snap also snapping up its augmented reality lenses to stay ahead of facebook and instagram which have cop ed them now snap's offering the ability to track hand, bodies and even pets and has lenses for landmarks like the eiffel tower. spiegel stressing how different snap is from facebook with its

julia boorstin out where they announced the gaming platform and the expansion of content. >> they haven'tnnounced just yet but what's driving the stops that move higher that evan anuan announced the snap just far beyond its own app but enable their users to share directly from snap to other apps and allow their users to share from there back into snap to help grow engagement. like tinder and social network house party will be able to have their users update their profiles with the snap stories they're also going to be bringing content from other apps into snap from within netflix's app, or snap users can share what they're watching or listening to their snap stories and now, snap users can bring their bitmoji to other apps starting with fitbit and venmo another piece of interesting news here, snap announcing to bring outside of the ad platform as it looks to expand that potential ad revenue announcing the snap audience network in the works, still not a lot of details yet but that could be promising and just full disclosure here, the parent company nbcuniversal is an investor in snap >> i

the company aexpected to offer detailut its new streaming video service to be called disney pl julia boorstin takes a look. >> reporter: disney plus the center of his strategy. the content direct to consumers. now we're hoping to find out key details, incding how much the service will cost. iger said it will be less than netflix, when it will launch. after iger l saide 2019. one thing's for sure, to differentiate from other stseaming ices, we expect iger to focus on disney's unique brandsncluding marvel and star wars. creating new exclusive content which will live on the platform, with the same productio value of movies. disney's likely to showcasehe ep vault of its libraries including tv shows and movies. >> this i exciting time for the company because fox acquisition, that's a whole lot of content disney will be able to add to their service. you have avatar, deadpool. titanic. it's exciting, that's the reason why they did the fox acquisition. >> with so much content we expect them to show what tools it will offer toat nav all those options. >> how many subscribers will disney be able to att

julia boorstin is in los angeles with the details julia?melissa, that's right record breaking numbers from territories all around the world put avengers endgame on track for an unprecedented $1 billion worldwide box office opening weekend, that would dwarf the current record which was set by avengers infinity war with $40 million at the worldwide box office it is tracking toward $140 million domestically saying that it is on track to gross about 300 million over the weekend the film has already grossed over $150 million in china. >> avengers benefitting from rotten tomatoes and also positive word of mouth com scores north america audience survey found 80% of moviegoers would recommend the film to their friends and 30% said they'd see the film again in theaters. endgame is expected to turn around the domestic box office which is down 16% so far this year and a further boost theater stocks which you see now are up pretty significantly year to date disney is expected to dominate the box office this summer cowan saying disney has a murderer's r

julia boorstin has more. >> the headline out of netflix earnings, while the company had ag first quarters looking like in the quart ahead, growth won't be as robust as analysts had hoped and one factor in play, price increases in the u.s., mexico and parts of europe. a new addition that subscribers is unaffected and there is modest short term turn as members consent to the price change. tflix did beat expectations in the first quarter with 9.6 million new paying subscribers and they did guide lower subscriber additions in the second quarter than wall street had hoped and just 5 million, about half a million less that projections. farings per share would be lower than anticipated in the second quarter. for "nightly business report," i'm julian boors los angeles. >>> let's turn now to tima imobi and he is the senior media and entertainment analyst ata c research. time a welcome. nice to ha you here. >> thank you, sue. >> the subscriber growth and the pricing. you know, the company said that basically do not think that new entrants will affect them, the disneys of the world, but are aren't

julia boorstin watching t-mobile julia. >> the key number to watch in t-mobi t-mobile's results is subscribernalysts looking for net additions of over 1.2 million subscribers. revenues projected to grow 5% and earnings projected to grow 16% in the quarter investors will also be listening for any updates on the justice department's antitrust review of t-mobile's pending merger with sprint this after just last week ceo john ledge yooer shot down a report the deal was shut down for resistance also 5g services that's the new mobile battleground for mobile carriers >> let's get to courtney reagan who's following mattel court? >> hi, sara. analysts are going to be looking for a loss of 56 cents on revenues of $645 million from mattel's first quarter it's been a rough go for the barbie maker, dealing with external and internal pressures. mattel's on its fourth ceo in four years working through a restructuring. industrywide toy sales fell last year according to npd due partly to the toys "r" us liquidation and the changing play habits has that turned around investors want to know whether the toys "r"

julia boorstin joins us from l.a. morning, julia. >> good morning to you, carl the justice department is warning that the motion picture academy could face antitrust issues if it blocks netflix from awards variety first reporting yesterday that doj is sending a letter to dawn hudson saying, quote, if the academy adopts a new rule to exclude certain types of films such as films distributed via online streaming services from eligibility for the oscars, and that exclusion tends to diminish the excluded film sales, that rule could therefore violate section one of the sherman antitrust act. this comes after steven spielberg reportedly suggested restricting films from the likes of netflix from oscar contention if they're available for streaming too soon after they launch in theaters the academy telling us, quote, we received a letter from the department of justice and have responded accordingly. the academy's board of governors will meet on april 23rd for the annual awards rules meeting where all branches submit possible up

joining us market asset management president morris mark along with our own julia boorstin how high is tonight after the disney announcement was so well received and now we have this new hulu ownership >> i think the pressure is on for netflix ceo reid hastings, not only to deliver the number of subscribers he'd add this this quarter which is 8.9 million, but also give guidance on what to expect for the rest of the year. i also think it's worth noting that reid hastings usually is very direct about talking about competition. we'll see what he says about disney plus, also apple plus and the other services such as nbc universal service and the at&t services in the works. i think we'll really see this quarter whether or not the price hikes announced in january are hurting consumers or whether they're willing to spend more and netflix has more room to run. >> so morris, what do you think about the hulu deal? it goes from four owners at one time to now two, majority disney and our parent company comcast >> i think it makes a lot of sense. it's good for growth, disney comcast and at&t becaus

our julia boorstin is in l.a. with some of those answers. ia. >> reporter: pinterest brought in three quarters of a billion dollars in revenue last year, so we took a look at pinterest's business model. pinterest draws 265 million users every month, more than two-thirds of whom are female, to find spoigs for everything from recipes to planning weddings, to home remodeling. users save ideas by pinning them to their boards which can be shared either just with friends or with everyone on the platform. to navigate all this content, pinterest can follow friends' influencers or brands to see their pins or can search for ideas. all of pinterest' revenue comes from advertising. what the company calls promoted pins bringing in more than $3 per user last year. businesses can share images and links for free to their followers or can pay to target users based on interests or keyword searches putting their promoted pins on to users' home screens or into search results. pinterest also enables brands to share video ads and shopping ads which invite users to

julia boorstin is in los angeles with more on the quarter >> facebook shares big move higher today reflectshat the company is starting to put its privacy crisis behind it and signs showing that that privacy crisis won't hurt its financial potential. the settlement seen as a valuable stop toward resolving a massive overhang and zuckerberg stressing that he is focused on reining in costs >> i care a lot about making the right investments in safety and innovation long term of course i get that in running a company, you don't want costs growing at a much faster rates than your revenue for a long period of time and that is why i called it out last time because i care about making sure that we get that back more in line >> zuckerberg saying they now focused on building a privacy focused social network and they are also working on building out e-commerce as well as payments. wall street is largely bullish on these ruflts. ubs upgrading the stock on the moves to mitigate risks. a number of other analysts raising price targets praising facebook for its moves to capitalize on messaging. rbc pointing

for a curtain razor on thiszois, we'll talk to julia boorstin >> the big question is what he'll unveilut the privacy focus on social networking he discussed last week. he talked about conversation in the living room rather than news feeds in a town square the question is how facebook will profit from it. throughout these presentations over the next few days, there is specification that facebook could unveil a redesigned core facebook app messenger will be in the spotlight, analysts hoping facebook will show more of its business potential we're also looking for plans to integrate facebook's messaging platforms, the back end there. we could get an update on facebook's dating service as well, as well as new revenue streams. it's worth noting the executive lineup onstage could look very different than in years past, especially since facebook has lost a number of executives. we'll have to see how the company shifts with its scuff team carl, over to you. >> julia, i just wanted to jump in here, what does this mean for the business model, all these changes? >> you know, contessa, that's reall

and accounted for 90% of all ticket sales let's bring in julia boorstin to break these down for us. ough they seem pretty self-evident, julia. >> well, kelly, "avengers: endgame" was a must-see event around the world co-director joe russo telling me that his film's success is not despite the rise in streaming platforms like netflix but because of it. take a listen. gli think they're supercharging each other in a way and i think you have to give people a communal experience. you've got to give them something that they want to go sit in a theater and see with other people and i do think eventizing is critical for theatrical success right now, creating that conversation on social media is critical but serialized storytelling is really becoming the future of narrative. >> russo telling me the film would not have been able to achieve the success it saw this weekend without social media creating a global conversation and a fear of missing out. you can find more of our interview with joyceo on cnbc.com tyler? >> jewel kra, thank you very much and you're going to stick around as we bring in

for more let's get to julia boorstin in los angeles. julia?anks, melissa after making a number of changes over the past year, mark zuckerberg has a challenging year ahead as he works to avoid landing back on the hot seat on capitol hill and he's facing a particularly precarious juggle the company is under broad regulatory skrut me. it's currently facing charges from the department of housing and urban development. thefederal trade commission is investigating facebook for violating its commitment to protecting user's policy and expected to levy record fines and facebook is under investigation by the doj, the fbi and the sec. plus there are calls from both sides of the aisle and congress to enact privacy legislation ahead of a california privacy law going into effect next year. now, just today senators mark warner and deb fisher introduced a bill to ban deceptive practices to get facebook and user data. they got an executive to testify on harmful content at a house committee hearing on white nationalism. while zuckerberg deals with the cost and

julia boorstin is in l.a.ith the details. >> we see netflix shares down about 2% what's been weighing on those shares is concerns about slowing subscriber and earnings growth in the quarter ahead but the ceo reed hastings dismissed concerns about a coming wave of competition as he has in many quarters in the past take a listen. >> i don't think they'll steal subscribers because we have different content than they do i think they'll do great work and we'll do great work. >> we can't get obsessed about any one company. it's a mix of, es, it's competition. that hurts but on the other hand it's getting internet interviewing more popular with everyone >> a lot of new and strengthening competition with disney entering the market hbo getting additional funding it is what it is we'll not be able to change it we don't focus that much on any one because no one seems to affect us that much. there's a ton of competition out there, and disney and apple add a little more but, frankly, i doubt it will be material because aga

our julia boorstin joins us this more than with facebook's report card on the changes that were promisedr the last year. hi, julia. >> reporter: mark zuckerberg is far from fixing all of facebook's problems. he has been far more transparent and has made a number of big changes to win the trust of regulators and also hold on to facebook's advertisers and consumers, but the number one issue that mark zuckerberg pledged to address when he was on capitol hill a year ago was user privacy and data protection. the company has made big changes there limiting developers' access to user data. it's extended most of european privacy laws protection world wide. it introduces a clear history tool to erase users' footprint and it's making all messaging encrypted. but these moves have not stopped leaks. hackers were able to access information about 30 million users' acts in september. over 500 million users had some of their information exposed on amazon cloud servers. now, the second issue that mark zuckerberg had to deal with is offensive content. in the past year facebook has scaled to 30,000 employe

julia boorstin has the latest. >> reporter: apple and disney will both soon be competing for consumerss, but antitrust laws do limit directors from serving on the board of their own company and a competitors board as well. now sources tell me that apple sees no issue here but this does put a spotlight, these new services put a spotlight on bob iger's apple board seat which has held since 2011. iger's about to unveil disney plus set to launch later this year as is apple tv plus which ceo tim cook unveiled just two weeks ago. these services will be very different, disney, all about new content around its flagship brands such as marvel and "star wars" as well as its film and tv library. apple is expected to launch with just about a dozen new shows and no library. in january, in the order course of business, apple enters into commercial dealings with disney that we consider arms length including sales arrangements, digital services content licensing agreements and similar arrangements. apple does not believe that mr. iger has a material direct or indirect interest in any of such commercial

were just talking about the streaming wars and now we've got a news alert on hulu let's get to julia boorstin with more >> melissa, that's right at&t and hulu just announced that at&t will be selling its stake in hulu back to the company. at&t's 9.5% stake in the company was valued at $1.43 billion valuing all of hulu at $15 billion. at&t says they will use the proceeds from the transaction to reduce its debt. ceo randall stephenson has talked quite a bit about his focus on paying down at&t's debt hulu ceo saying they thank at&t for their support and look forward to collaboration in the future the key thing is we knew at&t wanted to sell its stake there was a lot of speculation about whether disney which now controls 60% of hulu would buy that stake or whether nbc universal, cnbc's parent company, which controls 30% of hulu would buy that stake. instead, at&t and hulu's solution was to buy that stake directly so that sort of addresses that issue. it means -- disney will still have a controlling share of hulu, but did not sort of effectively increase its share of the company the most important

julia boorstin has the story. >> reporter: jon, now hulu's owned by just two media giant, disney with majority stake and cnbc nbc universal. at&t selling it's 9.5% of hulu. it's $15 billion valuation is more than double what the company was worth in 2016. that reflects it's growing user base, 25 million u.s. subscribers to both its on demand option and it's tv bundle. that price tag also speaks to its value to disney in particular. it's looking to bundle hulu with the espn plus and disney plus when it launches in november. jon? >> julia, i'm guessing that disney would like comcast, our parent, to sell its stake as well and there are reasons why comcast might not want to do that. how do the chess pieces look from those analyzing the situation? >> reporter: i think you're absolutely right. disney would like to have full ownership of this. it's a huge part of bob iger's direct to consumer strategy. the question is whether nbc universal comcast sees value in partnering with disney on this and owning a third is still a meaningful piece of this company, which is growing in value. many peopl

julia boorstin joins us with the details.ey looking for in terms of key metrics for each one? >> earnings and revenue numbers, kelly, but interesting to see how all three companies do with their user growth. looking back to fourth quarter numbers. fa facebook had 1.5 billion daily users and twitter 126 million monetizable daily and all making changes to help grow their users. mark zuckerberg to focus on stories and making money from ads and stories and now he's been talking about transitioning to that more one-on-one user engagement in messaging and try to make messaging off of that and make that safe for users twitter they talked about cleaning up the service and getting rid of the bots and the fake users and snap oep pening their doors and outside apps and launching a game service for all three of those companies, you want to listen to how those changes are impacting user involvement >> snap is the only one who is down from its ipo price. i think 30% down still do they have the most at stake or in a way is the bar easiest f

we appreciate it aaron kessler and julia boorstin on track to close at a new record high. one that is not joining on the rally. lyft down more than 20% since the opening went public and the analysts are getting bullish on the stocks talk twoun o one of them next o "power lunch." your brain is an amazing thing. but as you get older, it naturally begins to change, causing a lack of sharpness, or even trouble with recall. thankfully, the breakthrough in prevagen helps your brain and actually improves memory. the secret is an ingredient originally discovered... in jellyfish. in clinical trials, prevagen has been shown to improve short-term memory. prevagen. healthier brain. better life. mno kidding.rd. but moving your internet and tv? that's easy. easy?! easy? easy. because now xfinity lets you transfer your service online in just about a minute with a few simple steps. really? really. that was easy. yup. plus, with two-hour appointment windows, it's all on your schedule. awesome. now all you have to do is move...that thing. [ sigh ] introducing an easier way to move with xfin

to help us dig through this today, julia boorstin's here in los angeles.e los angeles times" says november. do we believe that >> they'll make it the kind of thing where you get a free trial period and really trying to get people to subscribe and start paying around christmas. i think this is the kind of thing where people go to the theme parks a lot around the holiday season. >> any sense on what pricing could be >> iger has said it's going to cost less than netflix. the most popular netflix service is $13. the cheapest netflix service is $9. so i think it'll be in the $6 to $8 range. >> is disney doing this right you think, jason i know we talked months and months ago about your grand revision, kind of like a membership, rap in the parks not just the movies. where do you think this should head >> service to hit 250 million subscribers, double what they have today, but i think disney will be the first to hit 500 million subscribers and i think there's no doubt that disney will become the leading candidate a decade from now. it's a horse race, but what thi

been out with bullish notes in the past two weeks, and for what more we can expect from disney, julia boorstin and great to have you here at the nasdaq. >> great to be here, melissa. >> the streams service is front and center what do we expect to know about the streaming service when this is all said and done >> i expect bob iger to focus on the content on the platform. the premium plans show casing new original shows around marvel, star wars and national geographic which they recently acquired from fox and pixar and all of the disney content is there, including the vault 500 movies as well as 7,000 tv episodes from the tv vault and i think he'll be starting off talking about the content and then there are the big questions. we are hoping that he will announce a price tag there were a lot of expectations that we will get a price and he said it would be less than netflix. so we're looking at the $5 to $8 range and the $6 to $8 range and the specific timing and there are reports that will come out before november and by the end of the year, october, november would make sense in terms of getting

julia boorstin was at the annual developer conference in san jose and she's with us. , julia. >> well, carl, mark zuckerberg says the future of facebook is private and the encrypted end to end messaging and private messaging that they're focused on now will end up being more valuable to the company in the long term than the more public forum of the news feed take a listen. >> i get that a lot of people aren't sure that we're serious about this i know that we don't exactly have the strongest reputation on privacy right now to put it lightly, but i'm committed to doing this well. >> zkerberg unveiling a redesigned facebook app featuring groups and stories from close friends and showing new tools to drive e-commerce and consumerson mess efrmgengerd directly from instagram developers on that app and they're creating the upcoming messenger redescribe and that's the centerpiece of the new focus on private messaging >> now we are working towards making encryption and reduced permanence and the default across all conversations and when we do this, across both messenger and wha

and julia boorstin has the details. >> hey, tyler.guild is seeing the big talent agencies, alleging unfair competition under the california law this comes after a protracted battle and after the guild encouraged the writers to fire the agents over the weekend and it escalates this battle over how deals are made in hollywood. the writers saying that the agencies' packaging fees, along with the director and the other talent are a conflict of interest we have reach odd out to the agencies and no comment back from them yet. >> thank you very much >>> he's what's coming up on "the exchange. >> ahead -- investors are pinning their hopes on pinterest. ibm goes back in time with their earnings and taking the game of video at a cinups. th'sllomg in "rapid fire." ♪ there are roadside attractions. and then there's our world-famous on-road attraction. if you've never seen yourself in a mercedes, you've never seen these offer. lease the 2019 glc 300 for just $479 a month at the mercedes-benz spring event. hurry in before april 30th. weveryone, loo

here to break down today's headlines are julia boorstin, brian sullivan, who's in rare form, and leslie picker. >> it's not rare, it's very common >> big, big topic of the day, disney kicking off their investor day later on. investors are eagerly awaiting details on the new streaming service. in the meantime, their competitors are raising prices netflix, youtube tv, slingtv, and directvnow all hiking prices >> but hulu did lower the price of their on-demand price either the commercial one, where you just pay for on demand, not for television but here's the thing, disney owns two-thirds of hulu, so they'll be bundling hulu together with espn plus so we'll have to see what kind of package they give people >> when youtube tv launched, so march 2018, it was $35 it is now $50. that is a humongous increase percentage wise for a service where the entire appeal basically, leslie, especially to cord cutters, is cheapness >> is price! >> it's all about price in this market and we actually still have cable in my household, we pay for that every month in addition to some of these streaming services

julia boorstin joins us with more julia. >> good morning again to you, wilf with the big beat on theger than expected, it really looks like twitter's efforts to reduce abuse on the platform and make it more conversational and user-friendly are working to help it grow its user base. twitter reporting 134 million monetizable daily active users that's the new metric that the company's used last quarter. that's about 8 million more than the prior quarter and more than analysts' expectations the monthly active users at 330 million also surpassing expectations that number actually growing from the prior quarter rather than shrinking for the first time in more than a year now, the company's second-quarter revenue guidance did come in at the lighter end of expectations, indicating that revenue growth is set to slow from this quarter's 18% growth, but we do see that the stock is up about 7% now, largely on those better-than-expected user numbers. the earnings call is just getting under way right now. jack dorsey talking about what's driving the company's growth, saying his number one priority

>> julia boorstin has all of that. >> some of the changes yielded better results than others let's takeportantly, zuckerberg promised to protect facebook users' privacy. >> in response to these issues, we've changed a lot of the way that our platform works so that way developers can't get access to as much information >> reporter: in addition to limiting developers' access to data, facebook extended most of privacy law protectiontion worldwide, introduced a tool called clear users history and making all messages encrypted. this hasn't stopped leaked 15 million user accounts were exposed in a september breach. last week it was revealed over 500 million users had some information exposed on amazon cloud servers. second, zuckerberg promised to tackle offensive content >> we need to rely on and build sophisticated ai tools that can help us flag certain content we're getting good in certain areas. >> reporter: these ai tools fail to stopped live streamed new zealand mosque shooting. zuckerberg promising to do more. third, zuckerberg committed to preventing election manipulation take a listen

according to a new glass door survey, payee quality won't be reached until 2070 jul julia boorstin joinsreporter: progress has been so slow that it will take another 50 years or more before pay equity is actually reached the pay gap numbers are pretty striking here. women earn on average 79 cents for every dollar that men earn in the u.s that's according to the new glass door survey. that's if you look at the total. pointing to the fact that men tend to dominate in higher paying industries like tech and they are promoted faster still, even in the same jobs with the same experience, apples to apples comparisons, women make about 95 cents for every dollar men make on average some industries, though, do have bigger pay gaps than others. media and retail actually have the biggest pay gaps, 6.4% for the same roles with comparable qualifications according to glassdoor. finance and technology are in the middle of the pack with 5.6% and 5.4% respectively. biotech has the smallest gender pay gap of just 2.2% a new report out today from a company called equi leap ranks the top companies when it co

> facebook ceo calling for regulation backing tighter internet privacy and election laul laws julia boorstinberg said he thinks regulation is inevitable. he's telling us what he thinks that regulation should look like this in a "washington post" op-ed and on his facebook page, outlining new rules for the internet for four key areas. harmful content, election integrity, privacy and data portability. zuckerberg saying he wants regulators to set the standards, but what counts as terrorist propaganda or inappropriate content or whether an ad counts as a political ad. he advocates for a global framework for privacy regulation based on european rules or gdpr. he also advocates for common standards for transferring data. but zuckerberg's advocacy for laws won't help with ongoing investigations there are three. the ftc, the justice department and s.e.c. all right now investigating facebook and just last week hud charged facebook with enabling discrimination but this could help facebook work with congress as both sides of the aisle scrutinize the platform mark warner saying, quote, i'm glad to see th

julia boorstin with the details. julia? >> reporter: sara, that's right.re in los angeles talking to over 400 partners explaining how he's expanding snap to be an even bigger part of its users' lives with both additions and new partnerships, all designed to make the service more usable, more accessible, and to also go ad revenue. now, perhaps the most important moef to go to the time spent on snap is a new game service it will be free with six-second ads. this opens up a whole new revenue stream and it goes up against the game services on facebook, apple and google second, snap is making a big move to integrate with other apps so users can share their snap stories to other apps like tinder and you'll be able to share different clips of shows that you're watching, say, on netflix back into snapchat snap also announcing it's working on an ad network to bring its ads into other apps that could dramatically expand snap's potential market. snap also stepped up its augmented reality lenses the goal here is to really stay ahead of facebook and instagram, which ha