we actually just got a fresh statement from facebook ceo mark zuckerbe zuckerberg let's get to julia boorstinphone. julia? >> mark zuckerberg reversing his stance, he had defended the decision to not censor or put any warning on president trump's comments that could be considered as inciting violence. now he's saying in a post on facebook, quote, we're going to review our policies, allowing discussion to see if there are any amendments we should adopt he said he details the first -- also saying they're going to review policies around voter suppression, saying the second case that they're going to be reviewing is when a country has ongoing civil unrest or violent conflict, certainly referring to the protests we have seen recently so going on to say they're going to be reviewing policies about voter suppression and how they will handle violating content, whether there is some third option other than just pulling it down or leaving it up. back over to you. >> would it be too early or unfair to say he's back tracking >> certainly seems to be back tracking he had this town hall with employees, fac

thank you also julia boorstin.dow and the s&p now dipping into negative territory, nasdaq holding on to gains by its fingernails. we go to scott wapner and "the half." >> john, thank you welcome to the "halftime report." the state of stocks and the virus is still spiking in key states we debate the markets with our investment committee joining me is josh brown, megan shue from the wilmington trust and michael farr is the ceo of farr, miller and washington. good to have everybody with us let's begin with a check on the markets. mi

guys, back over to you >> julia boorstin. nk you as we look back to the market today, mike, on what was a very strong day, notching some key technical levels this reopening that julia and contessa have been talking about is a huge part of the theme and not just businesses reopening, but early indications that demand is coming back and i wonder if you see that as a market driver as you look to tomorrow and the day ahead >> that theme is animating what's been going on in the market and not even so much obvious tangible evidence that demand is coming back to normal, so to speak, but just that we will have a reopening so for every day this passes when you don't have a real alarming spike in infection rates or anything that will get in the way of that story seems to embolden investors to re-up their bets on the scenario that might work out okay still a long way to go for a lot of those cyclical consumer retail stocks to get back to even it's not as if the market has declared victory on this and it's interesting we didn't see a pull

thank you, julia boorstin all over the disruptors list. >>> heal is also on the list, and we'll speak. >>> josh lipton is here now with the apple details. >> that's right, kelly this is happening just days before apple's big developers show kicks off the core issue is the rules and requirements for payment in the app store, an issue that regulators in europe is looking at basecamp just launched hey, but now there's a problem. he says apple is threatening to remove the app from its store unless it using apple's own payment sim and share part of the revenue. he says that's not fair, because he doesn't elicit payment from inside the app. >> if you want to sell software, make software, you have to be on these mobile app stores. they're saying, you know what? we're going to take a 30% cut of all economic activity. that's just preposterous >> but apple hits right back, saying this app doesn't meet the guidelines more broadly apple will argue it offers is secure platform and developers have earned over $155 billion since the app store first launched back in 2008, but a risk for apple here is

julia boorstin here with that. julia? >> reporter: the company saying it will not promote the president's comments in its snapchat discover platform with a statement right now saying that it does not -- we are, quote, not currently promoting the president's content. will not amplify voices who incite racial violence and injustice by giving them free promotion. we stand together with all who seek peace, love, equality and justice in america snap shares trading down looks like down about 2.5% back over to you. >> no surprise considering the memo earlier this week i encourage everybody to read it, really fascinating it goes through a deep able sis of what he thinks is done with the culture and this move fits with what he thinks different yates snap from the other social platforms. thank you so much. go ahead what were you going to say >> oh no i was just going to say what was interesting is sort of putting evan's approach in contrast to zuckerberg and dorsey. spiegel taking a stand in terms of need in change in corporate ame

a single new record for cases california just reported a big increase as well let's bring in julia boorstina? >> more than 75 million people have signed a petition calling on disney to delay a reopening of disney world in florida until they see a decline of covid-19 in that state. this comes after a representative of disneyland employees in california wrote to governor newsom last week saying they believe it's still unsafe to open that park. disney telling us, quote, the safety and well-being of our cast members and guests are at the forefront of our planning, and we look forward to continue dialogue with our unions on the extensive health and safety protocols. it is worth noting that the disney division was the largest by revenue, so certainly a lot of pressure there. but it's worth noting as we await california to approve the opening of the parks here, we're still awaiting that from the governor that universal orlando's park is already open at limited capacity. >> i don't know if they would make a reversal on that. it was interesting that this recommendation came from the workers regardin

let's get to julia boorstin with the details. >> it's unclear how many facebook employees are participating in that walkout. facebook will not require those participating to use their paid time off to participate in this virtual walkout today. a handful of employees are tweeting, writing, i will be participating in today's virtual walkout in solidarity with the black community. this comes after a number of senior facebook employees tweeted their outrage at zuckerberg's decision not to flag the president's posts that could incite violence. when the looting starts, the shooting starts. we recognize the main many of our people are feeling right now, especially our black community. we encourage employees to speak openly, as we face difficult decisions around content ahead we'll continue seeking their honest feedback. groups within facebook are currently working on a list of demands for management around this issue mark zuckerberg is hosting his weekly employee meeting tomorrow it was originally scheduled for thursday, but the company moved that up, we can expect that meeting really to focus on

let's get straight to julia boorstin with the very latest. julia. >> melissa, mark zuckerberg did defend himself and his stance in that meeting with facebook employees. facebook just issuing a statement moments ago saying open and honest discussion has always been part of facebook's culture. mark had an open discussion with employees today, as he has regularly over the years he's grateful for their feedback "the new york times" reporting that zuckerberg said in this meeting that of the decision not to flag president trump's post, quote, when the looting starts, the shooting starts is what he called a tough decision but that it was pretty thorough zuckerberg reportedly saying that the company's free speech policies show that the right action where we are right now is to leave this up zuckerberg reportedly saying in this meeting with employees that he knew this decision was going to lead to people within the company being upset as well as to criticism from the media. zuckerberg's decision to leave up that post from the president and not to flag

sunday and has more than $1000000.00 confirmed infections divisions a deepening of a president julia boorstin hours handling of the crisis and next year brian has more. brazil's deep divisions playing out on the streets of its major cities with some marching in support of president. and opponents determined he should step down but. we are here in defense of democracy and asking for an aura to leave this president who asserts the people's power and is committing atrocities does not deserve to govern our country . protesters are angry at bolton hours response to the pandemic he's openly disagreed with advice from his own health ministry calling covered in this who flew saying measures such as social distancing accosting jobs and a more dangerous than the virus itself. those feelings echoed at rallies in brazil's commercial capital sao paolo where some more mosques showing the president who is often seen without one. hair and support of our president. we want to go back to work we want support for shopkeepers support entrepreneurs these people here in sao paulo today are in support of brazil. bu

julia boorstin in los angeles with the latest. ter: kelly, getting on board to pause facebook ads in july to demand they stop hate for profit, ben & jerry's joining north face, rei, patagonia and upwork as anti-defamation league report 44% of americans say they experience online harassment more than three-quarter say some happens on facebook. ad conguam glat ipg michael roth, we are not calling for a boycott but facebook to address growing advertiser concerns. the chief marketing officer of procter & gamble saying today that that company does not want its ads near racist content. >> we're working with media providers and platforms to take appropriate systemic action. where we determine our standards are not met, we will take action up to and including stopping spending >> facebook telling us, quote, we deeply respect any brand's decision and work on removing hate speech and providing critical voting information. our sources in the ad industry saying they are pressuring facebook to take down racism even if it doesn't have imminent h

let's get to julia boorstin with more julia? >> reporter: that's right, kelly.rk zuckerberg hosting this meeting for the employees starting in just a few minutes and this meeting is private but we do expect a substance of the q&a to leak out. what will be in focus is company's decision not to flag president trump's post including, quote, when the looting starts the shooting starts, that decision prompted a digital walkout of hundreds of employees yesterday. sources tell me that employees are working on a list of specific demands for the company. last night zuckerberg and cheryl sandberg spoke with leaders of three civil rights groups and said they were disappointed and stunned by the explanation here's what color of change's robinson told cnbc this morning. >> this is a representation of work that we had thought we had done together and then when the crisis hit some of the things we had achieved, the policies we had moved, have been thrown out the window >> reporter: facebook responding, quote, we are grateful that leaders in the community took the time to share

julia boorstin has the latest. julia? >> morgan, that's right. a number of senior facebook executives publicly sharing their outrage at mark zuckerberg's decision not to flag or put a warning label on president trump's posts that could incite violence. the head of product design for facebook's news feed tweeting, quote, mark is wrong and i will endeavor in the loudest possible way to change his mind going on i focused on organizing 50 plus like minded folks into something that looks like change jason signatu jas jason sturman writing -- >> director of project management writing -- i'm not proud of how we're showing up. the majority of coworkerers feel the same way we are making our voice heard. facebook responding to this moments ago telling us, quote, we recognize the pain of many of our people are feeling right now, especially our black community. we encourage employees to speak openly when they disagree with leadership as we face additional difficult decisions around content ahead we will continue seeking their feedback last night zuckerberg p

back over to you sn julia boorstin if you had the same reaction to this story, i personally thought when i read it i had no idea that president trump had a snapchat account, and i would not have thought it's interesting, guy, because we've been saying all along that facebook and twitter had been squarely in the debate, snap and pinterest seem to be winners because people thought they would be on the sideline, but here we are. >> yeah. i had no idea either, clearly. there are a number of reasons to sell snap chat and this is one of them and the main reason is the run its had and we were right up against the levels we saw on january 22nd, i believe, they're opening up their app to the third-party developers and that was the model that we chat made and there was a compelling reason that you stayed with this i would stay with it here and i think there's further upside for snap >> would you rather? >> i'll go to the king of would you rather and you sold your position in snap >> i did and i kind of -- i was on the fence on this one and for the reasons that it is up 20% year to date and the rel

thank you also julia boorstin. with the dow and the s&p now dipping into negative territory, nasdaq holding on to gains by its fingernails. we go to scott wapner and "the half." >> john, thank you welcome to the "halftime report." the state of stocks and the virus is still spiking in key states we debate the markets with our investment committee joining me is josh brown, megan shue from the wilmington trust and michael farr is the ceo of farr, miller and washington. good to have everybody with us let's begin with a check on the markets. mixed picture. the dow, s&p, russell, negative. stocks are working on back-to-back negative sessions on fresh concerns about the virus weighing on sentiment. josh, i feel like the great debate it's the reopen trade versus the reality of the virus trade. you have the country wants to get back to business and normal versus the fact that the virus is spiking in some very big and important states. >> yeah. i think that's exactly the right way to explain it, scott i think there's a large

>> and now online learning company korcera coming up at number four on our disruptive 50 list julia boorstinthank you for joining us today. >> hi, julia. >> so tell us what has been the impact of covid on demand for classes? >> it's been considerable. unesco tracks the number of school closures due to covid as of april 20th, 1.6 billion students from kindergarten to college had their school shut. even as schools shut down, people went online to start learning we've seen individuals come to coursera they're learning data science, computer science, taking personal wellness classes and so we've really seen a tremendous spike from individual learners and also universities who are trying to move their teaching online but often don't have the resources to do that >> now, about two months ago you launched the workforce recovery initiative to offer free courses to unemployed workers. what kind of progress have you made there how many people have been taking those classes through that program? >> yeah, basically when we saw covid coming, and it was one of our partners at duke who had a joint venture

boycott of the platform just moments ago clorox announced it will pull its ads through december julia boorstin has the latest. >> the amount of facebook's ad revenue that is at risk is certainly growing. among the brands that are boycotting facebook is starbucks, spending an estimated $95 million. it joins honda, coca-cola, unilever, verizon. denny's and clorox just joined some are pausing spendsing for a month in the u.s others are pausing spending indefinitely and globally. all of ththe growing boycott indicates dissatisfaction with mark zuckerberg's move to announce he was cracking down on hate speech and ads and labeling incendiary posts by politicians. clients will see a decline in online sales if they pull ads from facebook in july because they say facebook has the highest return on investment of the digital platforms. now they're working to move their clients' ad dollars over to snap and pinterest as well as digital video platforms like hulu, peacock and youtube. with 82% of analysts having a buy or overweight rating on the stock, the majority are saying now that the boycott's impact wi

. >>> disney, one of the biggest losers in the dow on the reopening of theme parks, julia boorstin hasia. >> sara, 8,000 people signed moveon.org petition calling on disney to delay july 12019 opening of disney world in orlando until there is a decline in covid cases this comes after a dozen unions representing some 17,000 disney land employees in california wrote to governor gavin newsom saying they still believe it's unsafe to reopen the park. disney saying the safety and well-being of cast members and guest are at the forefront of planning and we look forward to continued dialogue with our unions on extensive health and safety protocols following guidance from public health as we plan during phased reopening. disney's park opening kbigest division by revenue and most powerful driver of bottom line froth last year so there's certainly a lot of pressure on disney to make sure that both its employees and consumers feel comfortable returning to those marks. disney shares down 4% today, sara back to you. >> i'll pick it up thanks so much for that. a regional travel advisory put in place

julia boorstin following the cory russ of dissent inside facebook and courtney covering the civil unrest mike, start us off with the broader market and this continued strength we are seeing >> yes, continued, persistent strength it's a day when it's gone a little bit away from the nasdaq leaders that were we're so familiar with. that trend has remained in place. did want to look at the nasdaq 100. it is fool hardy to call any kind of a top in a high conviction way nasdaq 100. been the leadership area of the strongest sub sector of this market for years it's over five years has increased more than half again as much as the s&p has however, take a look at this very, very steep looking v here. it's almost complete just more elongated on this side of it. maybe understandable that it's coming off the boil a little bit and buyers are going to other areas now and the market's able to stay afloat eve within that happening. wanted to point out this v from that low in late 2018. what happened after it new high pullback. in other words, you kind of struggled for a while to make further upside after

their 52-week low first, theater chains also make ago significant recoveries from the market julia boorstinat story >> cimemark shares up 11.5% as well as amc on pace for best ever gains, preannounced results of debt restructuring last week. that stock up 230% from its lows. though now down 11% year to date cinemark shares up 1240% from -- 240% saying it has the means to survive even if theaters are closed for the remainder of the year though they're scheduled to reopen in mid-july our analyst saying it is well-positioned because of its available liquidity but does warn not to normalize until the end of next year >> thank you, julia, very much now a handful of travel stocks rallying in a big way. now with those names and what's driving some of the moves, hey, seema. >> hey, equity expected jobs lit a fire in travel stocks. investors hope reopening the economy will bring back travel, especially domestic travel which is picking up. from the march lows marriott and hilton seen the stocks double. cruise lines are burning cash. that hasn't stopped the rally 200% or more from their respective 52

from facebook to take a stand against what they say is facebook's failure to stop hate speech julia boorstinining us with more on the story julia, good morning. >> good morning, becky facebook shares plummeted. shares down 3.5% pre-market as what started a group of smaller companies organized by the naacp and the antidefamation league cracking down on racism and hate speech starbucks, which was facebook's sixth biggest advertiser last year over 150 companies have committed to a one month pause as part of the official boycott. others leaving the pause open ended while procter & gamble is saying they're revealing hate speech and reconsidering all of its ad spending. analysts saying more brands could influence others to join so they can impose others to join, they could expand internationally. bank of america is saying they expect facebook to tighten restrictions on hate speech and possibly introduce some new fact checking policies. the growing number of advertisers participating indicates that zuckerberg's latest efforts didn't go far enough friday he said they're cracking down on hate speech

julia boorstin joins us with a look at who made it onto the list. >> reporter: good morning to you, andrewwn from more than 1300 nominees calculated based on a mix of quantitative and qualitative metrics with help from an advisory board of more than 50 leading academics from business schools around the world this year we included an extra round of assessment to take into account each company's response to the pandemic. here are the first five companies on this year's disruptor 50 list. >> number 5, clarna. the online payment company offers short-term credit to shoppers at more than 200,000 etailors it has become one of europe's largest banks. >> if we can give consumers a better offer, you know, i think we have accomplished something here. >> reporter: number four, coorsera the online learning pioneer. number three, indigo agriculture. it pays farmers to enrich their soil with carbon and keep it out of the atmosphere. >> then over time as farmers change their practices we're actually reducing their footprint, in fact can even flip that away and making farming carbon positive. >> reporter:

julia boorstin will have a look. harry potter land. anyway, after this break -- or during this break take a look at the winner's and losers at the dow. "squawk box" will be right back. >>> time now for today's aflac trivia question. what dow component made a major investment in chipotle in 1998 the answer when cnbc's "squawk box" continues eighty dollars. a hundred dollars. i had good health insurance. why isn't this covered? well, then they started getting bigger. eight-hundred dollars. eighteen hundred dollars. i saved for this. but not that much. i'm glad i had aflac. they gave me money when i needed it most. that's why aflac is here, to help with the expenses health insurance doesn't cover. i love that aflac duck. aflac! get to know us at aflac.com >>> now the answer to today's aflac trivia question. what dow component made a major investment in chipotle in 1998 the answer, mcdonald's in 2006, mcdonald's fully divested itself from chipotle. >>> still to come this morning, barry diller, chairman of iac and expedia joining us right a