julia boorstin reports tonight from los angeles. >> reporter: twitter growing its user base faster thand. the twitter cfo said it shows then company's investmts in making the platform easier to moving spam from it are paying off and showing it has more room to grow. >> our results are a great reminder of how the whole world can f benefitm twitter, and the work for us is to help people find what they're loong forquickly, to remind them about the event and topics that they care about most, whether it is a sporting event in the united states or a political event in asia, these are things that people all over the world should careut. we just have to do a better job surfacing the things that people are looking for. >>keporter: twitter ceo j dorsey says that now they have a better understanding of what twitter is and w people use it, enabling them to prioritize what they should be working on, and now that includes improving the platform by making it easier to follo participate in conversations. >> this company is starting to really generate a track record of consistency. investors like that.

julia boorstin has that part of the story. >> despite the mega-hit, the movie industry is facing big challenges. the domestic box office is down nearly 7% from last year which was a record. the drop comes as options increase for consumers. including free or inexpensivent t at home. there is the explosion of interest in e-sports and theng increa number of new exclusive content both movies and tv shows made with big budgets for streaming on the small screen. thanks for netflix,n and others ramping up spending. all of this raising the bar for the studios. they need bigger brands and bigger budgets for their movies to stick out from the clutter. the studio that is consistently leave consumers reason to the house and buy tickets is llsney. just broken the time annual box office record and it is only july.bo bolstered by "lion king," the studio set a new record forbihe ggest studio growth in a year. $7.7 billion. disney has the five biggest films of 2019. >> i won't let anything happen to her. >> and disney's dominance is expected to kinze with fn 2 in november and in december "star wars"

as julia boorstin reports, disney's best days may be yet to come. >> reporter: king of theof box ce, disney's "lion king" remake opening with $185 million at the domestic box office. that's a july record,he second largest opening of the year.e on the top ten openings of all time. if you consider it an animated fihe, this is largest animated opening ever. these records are all the mor impressive considering the film's negative reviews. it scored just over a 50% critics rating onotten tomatoes. the genius of what disney has done actually i they are going for these films that are review-proof. you've got "lion king, " "aladdin," "toy story." people want to see them regardless of whathe reviews say. andisney hit a second record. "avengers end game" topped "avatar" to the bigst box offi worldwide. "lion king's massive opening numbers further builds box office dominance. the studio is responsible for over a third of domestic ticket sas this year, dwarfing warner brothers and universal in second and third place with about 14% each. >>y dis is just blotting out the sun for all the others stu

here is julia boorstin. >> reporter: netflix is roughly 150illion subscribers bingeing with no commercialhed advertisers to find new ways to rch viewers glued to ad-freela ptforms. one example is new occoke. wia-cola bringing back limited edition coke cans for le, turning the company's failure into a new marketing opportunity. the streamer says none of the many brands mentionedn "stranger things" are paid for but offer netflix valuable promotion. >>n today's world, the streamers have adopted the old movie technique and are working directly with brands who get product placement integration, but then they also promote the show in advertising, on digital, on their social channels, et cetera. so that's building an audience for the show and that's what the streamers want. >> promotional partnerships also happen off screen. for "stranger things" bass kin robins created eight flavors tied to the show and first with the streamg platform. hulu is to feature millers/coors beer in "into the dark" series. they deliver nearly0% increase in purchase intent among viewers and a 75% increase in brand awar

for "nightly business report", i'm julia boorstin in sun valley, aho. >>> sti ahead, wages are tickingr after being stagnant for years. but there is some concern that higher pay will threaten profit margins. ♪ ♪ ♪ ♪ >> the white house is ordering an investigati into france's plan to tax technology companies. the probe is goi to examine whether france's digital tax plan would hurt u.s. t and unfairly target them. according to reports, the investigation could potentially lead to the u.s. imposingew tariffs or other trade restrictions. >> a new goldman sachs report says higher wages is putting pressure on corporate profit margins, and that s&p 500 companies could be affected the most by higher costs from a less competitive labor how much of a threat could it be? matt maile, equity strategist joins us. welcome. >> thanks for having me. >> you think it will have an impact on profit margins but maybe not right away? >> yes, it is kind of interesting.y it is definitaving a little bit of an impact.of on one, of course, the concerns is that it is the boy that cried wolfrd we hor so many years t

and as julia boorstin reports, there could be more to come. >> reporter: as we second half of the yeare things for media investors to watch are consolidation, streaming war and box office. first, consolidation. re media deals are expected ahead with a focus on viacom and cbs. sources tell us they're in talks not and lion's gate is on the block. second, the streaming wars will get t biggest new entrance in years. disney plus, apple tv plu and a beta version of at&t's warner to launchice, all set before the end of the year, puttingressure on consumers to choose and putting pressure on the cable giants to find way to hold t on toheir customers. third, the theatrical movie business will be put to the test. the domestic box office is down nearly 9from last year. the question is whether huge franchises hitting theaters, spider-man, line king, frozen 2 and a newil "star wars" f turns it around, or whether franchise fatigue and the opposite to stream at home weighs on results. for "nightly business rort", i'm julia boorstin in los angeles. >>> coming up, nowha t you have an idea what is ahead

for "nightly business report" i'm julia boorstin in los angeles. >>> time to take ak at some of today'spgrades and downgrades. we begin with shares of geral electric. they were downgraded today to neutral from buy at ubs. the analyst cited thestock's valuation after a 40% run-up so far this pryear. e target $11.50. that stock fell about 1% today to $10.27. and deere was upgraded to buy from neutral at bank of america/merrill lynch. the analyst cited a strong outlook for the agriculture economy. price target $185. that stock rose a fractn to 166 even. >>> still ahead, it's been more than two decades since the last majoro a union strike. some say it'sff not o the table this time around. >>> now to china which overnight posted its slowest growth in 27 years. the world's second economy grew at a 6.2% annualized rate in the secd quarter. economists say the slowdown is u.s.-chinaue to the trade war. much of the country's growth occurred in april and early may, helped in part by a tax cut heavy infrastructure spending. >>> american airlines i exteng expanse laigsg cancellat max planes through

julia boorstin has more. reporter: netflix sha plummeting on subscriber additions more than 2 million less tha the companyprojected, just 2.7 million total new subscribers, and in the u.s. netflix actuallysu lost 130,000 cribers. the company is saying it forecasts more in regions of price increases, blaming the shortfall on the lack of big shows in second quarter. ceo reed hastings saying in his letter to shareholdershe expect subscribers in the u.s. to return to more typical growth in the third quarter starting with shows like "stranger things." netflix projecting the addition of 7 million subscribers in the third quarter, higher than project evidence. for "nighy business report", i'm julia boorstin in los angeles. >>> investors had a different reaction to results from dow components ibm. the company reported better than expected second quarter earnings, even as f revenl from a year ago. for the quarter, weakness in its legacy business was offset by growth in its cloud operations and investors were okay with

julia boorstin is in los angeles. >> catching at&t, you verse customers, you could soon lose your cbsws. >> they're at an impasse over conversation for cbs content, but the risk for a blackout for the 24 million subscribers to directv, directv now and at&t u verse. among the 18 markets as risk of a blackout are some of the nation's largest including new york, los angeles and boston. this battle speaks to the issues of rising costs and cord cutting facing the tv bundle. cbs is looking for higher fees to compensate for its higher costs and declining ratings, while at&t's video services have been struggling with a shrinking s subscriber base. cbs saying at&t's willingness to deprive its customers of valuable content has become routine over the last few weeks and months. at&t responding that prime time audiences have fallen while cbs's fees have risen, saying broadcast stations, quote, continue to give their stations away for free but demand unsustainably growing fees. at&t accuses cbs of being intent on blacking out any homehat chooses to receive cable or satellite service to up sell cbs

or "nightly business report", i'm julia boorstin in sun valley, idaho. >>> and coming up, the smalleste country is f some big economic challenges. ♪ ♪ ♪ >>> here is what we're watching. tomorrow the producer price index will be providing investors with additional information on inflation pressures within the economy. we will see if the trade war with china is having an on its economy when beijing releases import and export number for the monthf june. and the president of the chicago fed speaks on economic etconditions and my policy. that's what we're watching for friday. >>> wall street banks are lending less money to farmers. according to reuts, which cites fdic data, agricultura loans a the nation's top banks fell 37% between the peak in 2015 and march of this year. banks nk increased their ex boeposure to the rural midwest in part because farmers had collateral, but theom retreat as farmer's incomes decline. we told you yesterday virginia was s ranked topte for business in cnbc'survey due to the quality of workforce and educational system. yhere are 50 states. that means somebad to

julia boorstin is standing by in los angeles. we will get to the red phone in a few minutes. we get started with the big after hours mover so far and that would be tesla. look at that down 11% right now let's get to phil lebeau in chicago for what is moving this stock. phil >> reporter: melissa it is not just that the q2 loss was greater than expected, tesla losing 1.12 per share. the estimate was for a loss of 1.40 a share the estimates were all over the map, a wide range there. revenue coming in at 6.35 billion, a little shy of expectations it is the automotive gross margins that will get a lot of attention here they came in at 18.9%. remember, the concern was those margins were going to be squeezed as they were pushing out the model 3, was that push to make deliveries of more than 90,000 going to hurt margins coming in at 18.9% when many people were looking for them to be at least 20%. by the way, that's down not only compared to the second quarter of last year but also compared to first quarter of this year where both of the quarters, the automotive gross margin topped 20

. >>> let's get to julia boorstin out there with more, julia, on what they make of this >> well, that'sight, kelly i just sat down with hollywood veteran barry diller he tells me he thinks the streaming wars have turned into an arms race, and he thinks that netflix is best positioned take a listen. >> no one is going to compete with netflix in gross subscribers. i believe they have won the game and i think there's nothing i can see that's going to dislodge them amazon is in a completely different business in that it's selling prime, which gives you all sorts of services, just among them is television disney has the best chance, just because of its very, very popular content. >> with diller, expedia competing with facebook, he says regulating tech giants is in the best interest of everybody but says he doesn't think companies should be broken up, unless proven that regulation doesn't work and he says he's hopeful good regulation will be put into place. kelly, back over to you. >> julia, thanks julia boorstin. >>> with hbo max, the streaming sbas is getting very crowded every day a new se

julia boorstin european markets are set to close momentarily.kdown of today's action. >> european stocks trading lower despite larry cud lowe telling cnbc that the u.s. are in talks to move forward on a trade agreement. there's one stock in focus today in europe and that is german chemical giant basf, cutti intis profit forecast, citing the trait dispute between the u.s. and china and growing weakness in the global automotive market. it now expects earnings to decline up to 30% this year. notable weakness in the chinese auto market. and you are looking at shares of other european chemical producers trading to the downside on basf news. now let's also talk about airlines coming under pressure after the french government announced it would introduce an ecotax on outbound flights air france strongly disapproves of the tax shares of air france, easy jet, and ryanair all falling about 3 to 4% on the day the uk's privacy watchdog planning to fine marriott international 199 million pounds or roughly 123 million over last year's breach of the starwood.

julia boorstin is up covering the facebook settle machined and ylan mui is -- julia, let's start with you. >> will, you see fining facebook a report $5 billion and imposing new privacy restrictions to prevent it from misleading users about privacy or misusing the data the implementing strict compliance measures, and new independent privacy assessments as well as new independent board committee focused on privacy facebook saying that the structural changes they're making go beyond anything required under u.s. law. sarah? >> julia, thank you. facebook not only the only a company facing scrutiny. ylan mui has details on the doj's new broader investigation into big neck, ylan? >> the justice department plans to look at three areas z kearse related to antitrust, are the big companies stifling innovation or hampling consumers. the the doj, earlier extra treasure require secretary steven mnuchin raised concerns about amazon right here they destroyed the retail industry across the united states no question they have limited competition. there's areas where they have hurt small businesses. >>

let's get to julia boorstin with more on what to expect julia, we should preface it is not a conferencel typical of the average company. >> that's right. this is a video call, reed ha hastings and asking questions curated either e-mailed or tweeted in analysts right now are moaning in on what is behind netflix's dramatic disappointment in subscriber additions, 2.7 million versus the 5 million they projected to have they lost subscribers in the u.s. analyst victor anthony explaining the shortfall, quote, the content slate wasn't as row best in the second quarter and that, coupled with the price increases, drove the subscriber weakness we would take that given the upcoming competition will be another negative factor that the stock will face. rbc's marc mahaney noting while the second quarter has historically been the lowest in terms of subscriber additions, it is the first time the company has seen a decline in year over year in terms of this quarter. mahaney saying, quote, the open question now is whether netflix has less pricing power than bulls like us assumed. on that video call which

julia boorstin with the latest julia?> well, we've counted at least ten analysts actually raising their price targets on facebook's better-than-expected revenues yesterday but the stock is lower on concerns of what's ahead. cfo david a winner warning that facebook's revenue will see more pronounced deceleration going into 2020 partially due to ad-targeting-related headwinds and uncertainty. while the fcc's fine is accounted for, there are many unresolved issues. the fcc's antitrust investigation, the doj's probe, plus, of course, scrutiny from capitol hill wilf and sara? >> julia, thank you. steph, is this one of the names where the results were good, the share price reaction to the down side overdone, and you want to be picking it up here? >> well, it's up 52% year to date, so it's hard it's only down 3%. so it's not as compelling to me, but i mean, my goodness, those growth numbers, the ad revenue growth numbers free cash flow growth was 92% better than consensus expected, $2.4 billion in the quarter. really good stuff.

julia boorstin is in l.a. with a look julia?ll, jon, all the paid tv providers have now reported their second quarter numbers and, quote, traditional cord cutting is freaking ugly that's according to analyst michael nathanson. and he predicts that the trend of cord cutting will only worsen in the second half of the year one and a quarter million video subscribers were lost in the second quarter by the three largest paid tv providers, comcast, at&t, and charter alone. that's 1 million more than they lost in the year earlier quarter. now, in the second quarter, the rate of cord cutting is estimated to have hit its fasts pace ever. the loss of 5.5% of paid tv subscribers. now, even if you include growing in streaming and skinny bundles, the pace of decline is 2.7%. that's also a record so now companies that used to focus on selling tv are pivoting to other faster growing businesses and it seems to be working for investors. year-to-date, at&t shares -- i'm sorry, at&t shares are up 20%. comcast about 30%. charter, nearly 40%, and di

talking to jimmy, steve, and lindsey >> and we have that news alert on a new streaming product with julia boorstin what's going on, julia >> well, bill, at&t's warner media unveiling the name and some details on its streaming service. it's going to be called hbo max. and it will be launching in spring of 2020 some time around april 2020. the company announcing that it has new deals with warner brothers television and exclusive streaming rights to all 236 episodes of "friends." that's meaningful for netflix because netflix had extended its rights for "friends" through the end of this year and it will also have the exclusive streaming rights at launch to all of the episodes of the "fresh prince of bel-air" and "pretty little liar" also exclusive movie deals with greg burr lanty, a big tv producer as well as reese witherspoon announcing a movie deal with reese witherspoon. both of them will make movies for this new service interesting to get these details ahead of that launch next spring >> hbo max all right, julia, thanks very much >>> so uncertainty about interest rates has sent the dow lower for a

ship poetly, snap and visa on the move after reporting we will kick things off with julia boorstin with latest from snap's conference call. julia. >> well, melissa, the ceo says changes they have made are working to drive growth in users and revenue. he says they have laid the ground work for that momentum to continue. >> a redesigned application helps new snapchaters adopt retentive behaviors like talking to real friends or rebuild android application provides a better experience. we have accel brated revenue growth supporting a growing community around the world. >> snap guiding for better than expected results in the third quarter including as much as an 11% year-over-year user increase that's a faster rate than snap reported this quarter. now, one source of that confidence is snap's investment in content >> as a result of our investments in our content platform, total daily time spent by snapchaters increased by 60% year over year while the number of daily viewers has grown by 35% year over year this was driven by the additional content we added to our platform over the past year as

media, other silicon valley execs are in idaho for the alan and company conference this week julia boorstinhas been in sun valley for a few days and has the best from day four hey, julia >> well, carl, the consensus of a number of ceos here, both in the media and tech space, is that regulation is inevitable for the tech giants, but they also all agree and they tell us that getting regulation right and actually benefiting consumers will be very tough now, i spoke to sam altman he founded the start-up incubator and is now founder of open ai and tells me that he's really concerned that new laws could unfairly advantage the big companies that it can afford to pay for new regulations. and that it's very key that regulation comes soon. >> a lot of companies have gotten so big and so powerful and so intertwined, but i think when i talked to most of them, they sort of actively want regulation lake we're all sort of in uncharted territory. and i think either we figure out how to regulate more quickly and more effectively than we have in the past, or we end up in a world where at some point, we have

. >>> and we are getting a news alert out of los angeles julia boorstin has that. >> jon, that's rightthe four major broadcast networks have sued to set down low cast, a nonprofit streaming video app that offers free tv feeds of the four main broadcast networks cbs, abc, nbc universal and fox say that low cast transmits their signal without their permission, therefore in violation of copyright law saying the app is not truly a nonprofit because it's backed by a half million dollars investment from at&t and also partly funded by a dish network lobbyist it's worth noting that both at&t and dish have recommended low cast to their subscribers when certain channels are blacked out during contract renegotiations now, this legal battle at its heart really seems to come down to the billions of dollars in retransmission fees that the media companies bring in from the tv distributors for their channels now, the media giants have been earning more for their channels from these retransmission fees which is helping compensate for the declining revenue for advertising that's tied to ratings. the per

for more, i'm joined by sarah fisher, media reporter at axios and julia boorstin we're going to hearrom amazon and google after the bell tonight. are you still seeing overall a picture of these guys gobbling up major advertising market share? >> they're expected to continue to grow their ad businesses. google's expects to have slowed growth which means it's not going to be growing as fast as it used to be. but at the end of the day analysts predict google will end the year taking 30% of the digital ad market for the entire world. amazon a little smaller of a business but it's expected to grow faster because it's not as mature >> julia, what jumped out to you about facebook last night which, again, put up -- just showed the business continues to execute despite all the headwinds it's facing >> facebook growing as revenue faster than expected what i thought was so interesting, kelly, was during the earnings call last night there was a moment where the stock turned around. it had been higher and reversed and went into the red. that's when the cfo warned that they expect revenue to have

elon is live john ford has the amazon angle for us julia boorstin on facebook and josh lipton on apple but, elon, sketch this out for us let's start with you >> well, kelly, the justice department is launching a broad review of potentially anti-competitive behavior in big tech it'll scrutinize leading online market platforms focusing on whether they are reducing competition, stifling innovation, or just otherwise harming consumers. in a statement assistant attorney general makan del rahim said without the discipline of meaningful market-based competition, digital platforms may act in ways that are not responsible to consumer commands they do not name specific companies but google, facebook, amazon and apple, they could all get caught up in this. this review is separate but related to the doj's ongoing inquiry into whether google and apple are month opolies. the doj said it will proceed appropriately. >> so, ylan, even the department of justice has two different probes into big tech one that as to whether they are monopolies, the other about anti-trust that's a lot going on. >> that is

let's get to julia boorstin. joulea >> reporter: thanks so much, kelly. barry diller, thank you so much for joining us here in sun valley you just wrapped up the panels this morning and what they were hearing is the streaming wars with hbo max just announced. with that new announcement, that enterant in the market, who do you think is poised to win the streaming wars >> i mean, i don't know that you can do who's going to, quote, win this this is a weird transformation i mean, this is ten years ago you certain essentially had these six movie companies that had hedge money over the entire production distribution business along comes two complete outsiders, netflix and amazon. and they have totally up-ended what was a kind of a stable business, business in terms of how it functioned all throughout the world. if you owned a movie company, you kind of had a worldwide franchise. so now you have an arms race, never existed before you have a complete blurring of television and movies, which is only happened in the last couple of years you have these two new entra

big news in the streaming wars with one of netflix's most popular shows leaving the platform julia boorstinalley with more on the big news julia, good morning. >> reporter: well, good morning to you, mike at&t's warner media announcing the name of its new streaming service. it's going to be called hbo max. and this service will launch with 10,000 hours of material and a new deal with warner brothers tv. they will have all 236 episodes of "friends" which happens to be the second most popular show on netflix. it will be the warner brothers produced shows with cw the company announced exclusive movie deals with rece witherspoon's hello sunshine and greg berlante. now this news that netflix is losing "friends" to -- netflix is losing "friends" to warner media comes two weeks after nbc universal announced it will pull "the office" for 2021. john stenke and everett hastings are both expected here in sun valley though we haven't seen either one of them a riff just yet. >> julia, stay with us your a up early. >>> for more on all of this, let's bring in tom rogers. former ceo of tivo and cnbc contri

julia boorstin has details of facebook's results. >> reporter: facebook continues to grow revenue fastern expected, even as big regulatory company.igh on the facebook's generating more revenue per user than predicted. this as the company takes an llion charge as a result of the ftc finey for pr violations, coming in at the highest end of the range facebook gave last quarter. the company notes that the online tech industry and facebook have received increased regulatory scrutiny in the past quarter, announcing in june facebook was informe that the ftc opened an antitrust investigation into the company. this in addition to the department of justice's announcement yet tha it will begin anntitrust review of market-leading online platforms. mark zuckerberg w saying are investing in building stronger privacy protections for everyone and on deliverinex new riences for the people that use our services. for "nightly business report", i'm b juliarstin? los angeles. >>> that ftc investigation that julia just mentioned w officially settled today. the commission fined faceboo$5 billion for its mishan

we will talk about equality in sports we head out to sun valley idaho, julia boorstin joins us with ad by casey wasserman, a super sports act you run a large sports agency. wasserman. you are now announcing a new division, the collective focused on female athletes tell us about this. >> it starts with incredible leadership, elizabeth lindsay, some of the most talented executives in the industry who have really pushed our company forward. we represent some of the greatest athletes in the world we advise big global brands how they connect with consumers. obviously, women are incredibly important. so taking that expertise that leadership, to bring it altogether so we can speak to the scale that's required in the world today under one banner taking advantage of all of your assets >> so you worked with nike, in helping them deal with their issues around not continuing to pay their athletes and this is something that became a huge issue for nike and the touch point for the industry, what was your role in that what do you think that whole issue will mean for a few more athletes going for? >>

julia boorstin has a preview for us julia. >> that's absolutely right, sarah.tive headlines three issues are in focus. first, how much will revenue growth slow. we are looking to see the impact of the company shift away from the news feed and a search for new revenue. second, user growth and engagement are in focus, especially u.s. activity users which barely budged in two years. third, investors are watching for facebook's expense outlook as the company faces a range of regulatory challenges including the latest from the doj. back to you. >> thank you we are out of time here. that does it for "closing bell." >> "fast money" picks it up right now. >>> "fast money" starts right now. live from the nasdaq market site overlooking new york city's time swear i'm million. tim seymour, karen finerman, marc tepper and guy adami are on the desk check out the after hour action. chipotle, snap and texas instruments on the move. we will break down the headlines for you. ups is upping the delivery game, what the company announced that could deliver big time for investors. to

julia boorstin >>> u.s. treasury secretary mnuchin and white house economic adviser larry kudlow hosting a meeting at the white house of semiconductor and software executives today to discuss the u.s. ban on huawei according to sources, companies that were invited to this meeting include intel, micron, qualcomm, and broadcom microsoft also invited reuters reporting that google was invited, too semiconductors are actually a strong performer right now in the market up 1.7%. i imagine there's a lot to discuss between the sort of scarce details on what business they can actually do with huawei first, they were sort of banned. they figured out ways to get around it. and then president trump said at g-20, they can sell to huawei. but it's unclear what that means, because other administration officials say there are still security concerns to be aware of. >> yeah, there's obviously a theory that kudlow and mnuchin are a little more dovish on huawei than some other players in the administration. but you have upgrade

weeks alone, beyond meat has partnerships with blue apron and dunkin' donuts >> let's get to julia boorstinwhat we can expect from dish. >> when dish reports, the focus will be on what the company says about its mobile plans how will it move the mobile assets from buying t-mobile. the assets is buying from t-mobile, including boost mobile the satellite tv provider and expected to transform the business with the wireless network, expected to be called sling wireless as well as a 5g network. could overshadow dish's revenue, which is expected to climb 9%, and earnings per share, expected to decline >> we have 7 minutes after trade. dow is on pace for second straight day of gains at the moment the s&p is slightly lower, only by about 3 points. if it gets an uplift, we could have a record in our hands, not currently as things stand. we're back in a couple of minute s. you should be mad that this is your daily commute. you should be mad at people who forget they're in public. and you should be mad at simple things that are unnecessarily complicated. but you're not mad, because you're trading with

julia boorstin has more from l.a. julia?n well, marvel studio's spider-man released by sony was another superhero setting, another box office record. the film bringing in $185 million in its first six days in north america. that's second only to the independence day record set by the transformers sequel back in 2011 and globally, the film has brought in over $580 million in ten days this is a win for sony and marvel parent disney, putting the film on track to profit from the reported $160 million budget but even with this win, the year-to-date box office is still down over 8% from the same period a year earlier. a number of sequels including "men in black" and "x-men: dark phoenix" have fallen short about expectations, sparking concerns about franchise fatigue. yet, superheros continue to rule with the biggest film of the year, disney's "avengers: end game" closing in on "avatar" for the highest grossing film of all time "avatar's" number is $2.7 billion worldwide. this comes after last weekend marvel re-released "avengers:

julia boorstin's got more on the quarter. julia?reporter: well, carl, facebook may have beat expectations on the top and bottom line, which initially sent the stock higher after-hours, but then it turned negative when c faux dave weiner pointed to some potential problems ahead he said facebook's revenue will see morepronounced deceleratio in the fourth quarter goingint 2020, saying that's partially driven by, quote, ad-targeted related head winds and uncertainties. mark zuckerberg said it's been valuable for clarifying regulations going forward as well as the company's new focus on secure communication. he also talked about one other new focus of the company, ecommerce and payments take a listen. >> these are huge and important spaces and we have efforts in several major areas to deliver qualitatively better experiences than what exist today. from instagram shopping to facebook marketplace to payments across our apps to the new libra project that we announced to 27 other companies recently these efforts are important both for our pr

year since 2012 and has been the top grossing studio since 2016 i'm joined by daniel loria, and julia boorstin is here as well julia, they're so dominant i start to wonder, i mean, do we ask about antitrust, or is that a weird place to take this >> well, i think it's really not an issue of antitrust because if you look at disney's box office dominan dominance, it's 35% of domestic box office market share. if you add fox, maybe it gets them above 40%, but the thing about the box office is it's competing with everything else, with video games, with streaming, with netflix, so there's so much competition in the entertainment landscape right now that i think it's unlikely to raise antitrust issues, but at the same time, it's interesting to look at how disney is going to use its success in the theatrical space to try to drive subscribers to its new streaming service. >> for sure. this is obviously just playing right into their hands, dan. so my question, if we were to just look at the theaters, which are the other side of this then, you're telling me you're dealing with somebody who has over 40% ma

i'm julia boorstin the these are your headlines. ubs beats the top and bottom line delivering its second bebe quarter in nine years. >> modernization of the environment coming out of a good march into the rest of the quarter. i would say the highlighteds were diversification paid off again. client sentiment was much more constructive in the second quarter. >>> santander shrugs off a weak performance in britain to surpass expectations in the second quarter. >>> a profit warning as an auto partsmaker predicts a drop in vehicle production but shares drive higher as the company's results remain in line with forecasts. >>> ams soars taking the company higher issuing an upbeat outlook. >>> all right. a very warm welcome to "street signs" this morning. let's look at european markets some interesting moves we're seeing in the equity space the stoxx 600 is currently more than a third of a percentage point higher we are off to a strong start in the early minutes with nearly all regions in the green the auto sector in particular showing some s

. >> technology and media giants are gathering for the allen and company media conference julia boorstin is there with academy award winning producer grazer take it away. >> brian grazer, thank you for joining us today. >> for sure. happy to be here. >> here in sun valley hearing talk about the streaming wars, announcement about hbo max and there's so many new services, disney, nbc universal, preparing to launch over the next year what does it mean for you as a content creator to have all these new services out there >> for me, i mean multiple things first, it would mean that i have many different possibilities, many different ways to materialize, make a movie or television show or short form content or documentary, so it gives you an opportunity to make more content, but then that's both good and bad. the bad part of it is that it becomes an oversaturation of content and you say how do i actually accomplish the dream that i always had when i started making movies beginning with the mermaid. that means like how do you differentiate your content from all the other content. that is your pr

muscle at the box office yet again, setting some records for the performance of a film studio our julia boorstin more on that from los angeles. julia? >> well, john, this weekend, disney broke its own record for the all-time best annual box office number and it's only july and it's already broken that annual number. now, bolsteredby "lion king," which has now grossed nearly $1 billion worldwide, the studio has set a new record for the biggest studio gross in a year, $7.7 billion now, disney's response for the five biggest films of the year, plus it has a piece of the sixth. sony's "spider-man: far from home." what's most remarkable about this is disney's dominance is expected to continue it has "frozen" 2 coming up in december and "star wars," both expected to hit $1 billion now, while sony's "once upon a time in hollywood" was quentin tarantino's best opening with $40 million at the box office, that is dwarfed by disney's numbers and it's in the rare category that disney does not tackle, the adult drama. the challenge for the movie industry is that the domestic box office is still down nearly 7

julia boorstin is in l.a. with what to expect julia?: well, john, investors are hoping that snap will show that its new features are growing its user base as well as its ad revenue in focus, snap's ad relaunch, reality features, and expanded content for their discovery platform, all of which were featured at developer day back in april expectations are high, snap shares are up 161% year to date. they're moving up today ahead of earnings on two new analysts' notes, rosenblatt saying average revenue per user is ready for lift job and could double by 2023, saying benefits could carry into 2020. sequel just upgraded snap to buy, saying, quote, we are increasingly optimistic about snap's growth prospects. the company continues to expand its advertiser base fostering engagement with premium monetizable content. a key number to watch in these earnings to see if snap's turnaround is working is daily active users analystsanf stagnating user growth revenue is expected to grow 37% in the quarter while snap's lost is expected to narrow to 10 cents

epidemic, the brand hoping for a halo effect from the film's message of compassion and rave reviews julia boorstinlos angeles. >> i have to wish you all a happy world emoji day. apple unveiled 59 new emoji designed that will be available on some gadgets later this year. apple targeted diversity with images that include a fresh selection of different races and genders for the holding hands emoji and others that depict people with disabilities new animal and food emojis will make up a part of the software update i saw they got a falafal mraltemral platter. >> i'll be using that one a lot. >> and a waffle meemoji. >> i wonder how they decide what to make next >> what's your most frequently used emoji >> when i'm texting you, i'm always suggested to use the laughing face on its side. >> basically just sending each other laughing emojis the whole day if not doing it on "street signs. >> we want to hear what your favorite emoji is. >> you can tell us on twitter, and coming up on the show, libra feels the heat on the hill amid confusion over which regulator will oversee the cryptocurrency. he would expla

. >> julia boorstin in los angeles. >>> we do want to take a check on the markets what is standing outint on top of watching the markets close out what has been a rough week overall, right now we are off fractionally on the s&p 500 and nasdaq, the dow is up just by 18 points. take a look at shares of netflix, it had that steep disappointment when it came to adding subscribers, 2.7 million versus the 5 million expected and the stock has not been able to bounce off that low at all. it is down a whopping 14.7% for the week and this, of course, comes ahead of very heavy slate of earnings next week, particularly in the tech sector. so you have to wonder whether or not this is setting up for more disappointment ahead or if this is just purely an idiosyncratic story. >> can we take a look at oil which in light of the apparent seizing of a british tanker in the strait of hormuz by iran was moving earlier today and i wonder whether that tension is bleeding over into the equity markets a little bit and pulling some of the gusto out of the market there is west texan up for the day but as you see

so, of course, our very own julia boorstin and welcome to both of you julia, why don't we kick things off with you it's been a big year we have seen some huge numbers that have come up to this point. what's it going to take to impress the street this time around >> reporter: i think the key thing that really moves netflix shares is the subscriber number. this quarter netflix is expected to add some 5 million subscribers. the vast majority of those are expected to come from overseas then the question is how many subscribers netflix will forecast it'll add in q3 the number analysts are looking for there is 6.3 million the reason that subscriber number is so important is it will really speak to how well netflix's investment in original content is paying off. and also whether or not their growth is really sustainable >> let's talk a little bit more about that, sarah. the numbers you're looking for really are growth numbers but especially abroad. that's a big deal and it's one that investors have been watching really closely. >> it's a huge deal because it's the only place they can grow so

. >>> moving on julia boorstin spoke with 2wi9's cfo and joins us with pore on that julia. >> jon, ned the investments getting rid of spam and making it easier to use are paying off with user growth and showing that the service has more room to grow. >> our results are a great reminder of how the whole world can benefit from twitter and the work is to help people find what they're looking for and remind them about events and topics whether sporting event vm or a political event in asia. people all over the world should care about we need to do a better job surfacing the things people are looking for. >> as for ongoing regulatory scrutiny, segal did not indicate they expected to hamper growth >> we're open to regulation where it makes sense gdpr is a great example of that. as a result of gdpr we worked hard to make our policies really clear and to remind people who use twitter that we view privacy as a basic human right >> both segal and jack dorsey have focused on becoming more nimble and quickly can adapt to prevent manipulation on it guys, back over to you. >> julia, huge story on yo

julia boorstin in l.a. to explain the weekend and the year that disney is having. y, julia >> well, carl, disney has actually hit multiple new records this weekend "lion king" grossing $530 million plus worldwide that includes $185 million at the domestic box office. that's the july record, the second largest opening of the year and if you consider this animated mated film, it's the largest animated opening ever. and all of these records are all the more impressive considering that the film got a negative 54% critics got a 54% negative rati on rotten tomatoes disney hit a second record avengers end game have topped avatar the biggest box office worldwide 2.79 billion all of this builds disney box office dominance and disney's dom the nance is likely to continue when you look at the three other big franchise films it has coming out this year but this weekend's box office surge drawn audiences back to theaters can help with sony's "once upon a time" and universal's fast and furious and this benefits feeder chains. we see imax up dramatically. i want helps close the ga

holland, general partner at foundation capital and early netflix investor as well as our own julia boorstin paul, you're always good at explaining what they're up to, really, and defending them is that going to get harder, do you think, in the quarters to come >> well, it's -- it's, i guess, nice of you to identify and defend them from that perspective. i just simply try to, you know, identify the people, this very large trend that's happening around media and, you know, you're going to see with a company like a netflix that's a growth stock, you're going to go kind of quarter after quarter after quarter that they're going to do great and you're going to do some quarters that are going to be a bit of a speed bump or a divot. and apparently they just went through one of those but i lookat the existential trend, the secular trend i thought about this one, i was thinking about yesterday when i got the call from you guys really over the last 50 years, we've seen two kind of huge things impact the media market we've seen the internet and we've seen netflix and the netflix story is still unfoldin

julia boorstin has more on that and why the street think its it may be the anti-facebook julia?ter years of concern that facebook could squash snap by copying it, now snap shares are above the initial price in over a year they are succeeding driving user engagement and revenue higher than expected. this in sharp contrast to facebook's privacy issues and ceo evan spiegel stressing that for snap, privacy has always been a priority. >> we've invested a lot in privacy and we care a lot about the safety of our community and from the beginning, we've always embraced this idea of deletion by default the content you create is deleted after they view it it helps preserve user privacy and as we look forward and empower more creativity on our platform, that's always something we'll keep in mind >> and while facebook has struggled with manipulative fake news, snap's focus on premium professional content seems to be working. time spent watching shows on the platform more than tripled from the year earlier quarter now snap's rise comes as facebook responds to the ftc's record fine and new res

julia boorstin in los angeles. joining us is brent bill he covers facebook at jeffries he's bullish on facebook with a buy rating, a $230 price target. he's negative on libra is it because it's thrusting the company right back into the political spotlight and it seems like there's bipartisan support to rein this effort in >> i think short term, we're negative we don't believe it's going to achieve what the bulls think out of the gate. we're positive on facebook for the core advertising business. we did survey 600 social media users on libra 80% said they have no interest so out of the gate, you have a big pushback from u.s. consumers. we think this will have a bigger impact globally in asia and in europe and again, you're talking a year out before it's launch then you're talking the typical 20-year in arrears view. it takes two to three years for new technology to catch on you're talking 2022, 2023. before this is going to have an impact so we're positive long term, just short term, i think everyone has a little to

julia boorstin is there joined by roger goodell >> thank you for joining us here today. >> thank you glad to be here. >> we understand you've been in back-to-back meetings and also that amazon ceo jeff bezos is here have you had any talks about expanding amazon's rights beyond the thursday night games that it owns through the end of next season >> we have ongoing discussions with all our partners and so many of them are here today. and over the next couple of days so, yes, we do we talk about our relationships, how to expand our relationships, how to develop new relationships. because the nfl has never been a better position, and i believe the content and live content that the nfl offers is some of the most valuable content in all of television and media. >> you have $130 million two-year deal with amazon just for those thursday night games but now that you're looking at your broadcast deals expiring down the line, what are the chances that some of those big right goes to a streaming player >> well, julia, i think those are the things we'll have to work out this next negotiation is g

julia boorstin joins us. she has the numbers. >> twitter growing its users as well as its financial results faster than expected the company reporting revenue of $841 million that beats expectations of 829 million. adjusted earnings per share, that's including one-time items coming in at 20 cents. that's a penny better than projected. now as for all of those all important user numbers, up side surprise 139 million monetizable daily active users in the quarter. that's 5 million more than the prior quarter and over 4 million more than projected. that number particularly notable because there's so much concern about stagnating user growth and in the more valuable user market, which was expected to be flat, the company added a million daily users. third quarter guidance for the top and bottom line is on the lower end of analyst expectations company projecting revenue between 815 and 875million versus the analyst consensus of revenue of 869 million ceo jack dorsey saying in the release they've identified progress and delivering more r

. >> we'll hear a lot more from you on this hour julia boorstin is covering the netflix fallout. morgan stanley earnings. bob pisani is tracking the movers julia, let's start with you. >> netflix not only lost subscribers in the u.s. for the first time in eight years but added 2 million fewer subscribers than it had projected. one reason the stock is trading down over 10% is concerns about coming competition. >> we're adding a lot of new competitors enter over the next year i think our position is excellent. we're building amazing capacity for content. our products have never been in better shape our rate of investment is extremely high so, if investors believe in internet television, which i think is an easy one to get there, then our position in the market is very strong. >> netflix did suffer from not having any really big breakout hits this past quarter hastings said he projects strong subscriber growth over the next year as some of their most popular shows return back to you. >> julia, is this suggesting that the model is very much based on one or two massive hit shows as opp

. >>> we have a news alert on facebook julia boorstin with the details. >> reporter: facebook has respondedthe one who runs the division, saying they are eager to work with regulators, saying they want and need government central banks, regulators, nonprofits and stakeholders at the table and value the feedback they've received it is the beginning before we hear some testimony about libra next week. guys, back to you. >> thank you for that. we're out of time. that does it for "closing bell." >> "fast money" begins right now >>> "fast money" starts right now. overlooking times square i'm melissa leer pete gentleman a jairan, tim seymour and guy adami are here shareholders have been left in the dust we have got the details. plus, boeing anding the day in the green despite deliveries dropping 37% for the first half of the year. is all of the bad news already priced into the stock? technician explains why he says buy boeing now first we start off with the make or break moments for

julia boorstin has a preview hi, julia. >> courtney, facebook is under fire for a range of regulatoryues and investors are watching to see how that will impact three parts of basic business, growth of its user base, advertising revenue and cost to protect the platform as well as pay fines like the ftcs with the stock up over 50%, expectations are high that the company will shrug off its issues will, over to you. >> julia, thank you. still to come on "closing bell", find out what to expect when two other members of faang report their earnings, out next week. back in a couple o you should be mad at airports. excuse me, where is gate 87? you should be mad at non-seasoned travelers. and they took my toothpaste away. and you should be mad at people who take unnecessary risks. how dare you, he's my emotional support snake. but you're not mad, because you have e*trade, whose tech helps you understand the risk and reward potential on an options trade it's a paste. it's not liquid or a gel. and even explore what-if scenarios. where's gate 87? don't get mad. get e*trade and start trading today.