around digital ads, but there is a valuable untapped opportunity still lurking around the web and julia boorstintory. hi, julia. >> well, tyler, facebook has warned about headwinds to digital ad powering coming from apple's operating system which will make it easy for users to anti-out based on their activities on their phone. another big change is that google is joining firefox that phase out third-party cookies that is will follow you around the web by about the end of next year and we're expecting more privacy regulations. the ftc directed nine companies including facebook, youtube and twitter and snap to provide information about their data-gathering, am grimts and their advertising and the eu proposed new tech regulation, including letting users see and modify google's parameters it's believed google and facebook's market share is peaking and could decline after next year, but on the flip side the ad giants have a massive new opportunity in shopping. e-marketer forecasts that worldwide retail e-commerce will reach 6.3 trillion by 2024 that's up 3.9 trillion this year saying as e-commerce is

frank holland is covering the logistics of the moderna vaccine romout -- rollout and julia boorstin lookingother spac deal, this time real estate company open door which started trading today. seema, you get to go first. >> the new reports of the coronavirus strain, asia issues a travel ban germany, france, india, among nations suspending air travel from the uk in an effort to keep this new strain from spreading and countries like belgium that connect with brightan via a tunnel are banning all passenger travel the u.s. is not following suit i reached out to the state department to see if they would change that and am awaiting a response hotel occupancy been on the decline, right around 24% compared to 38% we're at here in the u.s., but these restrictions in general, they are seen as a setback for pretty much all parts of the travel story. hotels, online travel, operators, even the cruise lines are trading down, but they are not -- they are not down as much as they were earlier today, norwegian down by as much as 4%. ty >> a quick question about airbnb which has not join the other travel sto

julia boorstin, mike santoli and deirdre bosa for rapid fire. moderna more than doubling over the past month it's up more than 118% and one strategist has likened this rally to someone running are up a snow-capped hill as fast as he can only to slide back down again. he's going to talk about what he means by that in just a moment first, boost stocks found a bid on vaccine hopes we'll hear from the ceo of moulson-coors is ashes lt areap 20% in a month we're back in two minutes. i felt like... ...i was just fighting an uphill battle in my career. so when i heard about the applied digital skills courses, i'm thinking i can become more marketable. you don't need to be a computer expert to be great at this. these are skills lots of people can learn. i feel hopeful about the future now. ♪ before money, people atools, cattle, grain, even shells represented value. then currency came along. they made it out of copper, gold, silver, wampum. soon people decided to put all that value into a piece of paper, then proceeded to wave goodbye to value, printing u

the last hour or so on the anti-trust lawsuits from the ftc and a number of states 48 of them julia boorstin getting a response from the company. julia? >> that's right. facebook responding, saying we're reviewing the complaints and will have more to say soon the government now wants a do-over with no regard for the impact that precedent would have on the broader business community or the people who choose our products every day. of course, there could be big implications here if facebook is forced to sell off either whatsapp or instagram, the two biggest acquisitions in focus. sara, back over to you. >> julia boorstin, thank you >>> let get to ylan mui now with more background on these anti-trust lawsuits. it was worse for facebook than it was expected to be. >> sara, there are two lawsuits being filed against facebook they are coordinated, but they will be separate, but they both essentially accuse facebook of the same thing, and that is a buying up of smaller rivals rather than competing with them and access to third-party buyers that they see as a threat. consumers get locked into the pl

industry watchers calling it earth shattering cnbc's julia boorstin. julia, can movie theaters survive this >> well, shep, analysts say this isn't a death blow to the movie theater business, but it is an aggressive move sending shock waves through hollywood. it's just the latest sign of the industry's evolution that controls universal, cnbc's sister company, shortening the window between theatrical release and when people can watch movies at home from three months to three weekends, and other studios are sure to find ways to break the traditional rules of the entertainment business here's what's happening with the warner brothers movies starting with "wonder woman 1984" on christmas day and 17 other films including "suicide squad" and "matrix 4." moviegoers will be able to watch on hbo max for the first month of each film's release in theaters now, there's some good news for theaters it does give them valuable content. without warner brothers films there would be no wide releases before james bond in april but the largest theater chain isn't going down

>> before we answer jack, let's get to julia boorstin. >> facebook has warned about head winds in parterating system which will make it easy for users to target out of ads another big change is coming, google is joining chrome and fire fox and phasing out third party cookies. that phasing out is supposed to happen by the end of next year we are expecting more privacy regulations. the ftc directed nine companies including facebook, youtube and snap to provide information about their data gatherings, algorithms and advertising. the eu letting users see and modify parameters for add targeting. google and facebook market shares is peeking and could decline after next year. new opportunity on online shopping ecommerce will reach $6.3 trillion by 2024. that's up $3.9 trillion this year it is well positioned to lead the industry melissa. >> thank you very much julia boorstin with the latest on facebook and competitors there antitrust issues have not historically move the stocks or impact the stocks much, could they in 2021 or is it this sort of focus on ads that'll drive the shares >> well, i

i'm jon fortt with julia boorstin carl has the day off apple responding last night to facebook's broadside that accused apple of playing to its own self interests in making it harder for advertisers to track users online without their knowledge. apple offering a measured response saying, hey, we're just giving users a choice. julia, we're starting to see, you know, not only the contours of the arguments but perhaps the diplom diplomatic approach. april sl saying, look, you can still run the business exactly the way did you before all we're doing is saying that users have to opt in to you following them around and, hey, if it they're fine it with, everything goes on as normal >> yes, that's right apple making this all about privacy. facebook making this about small businesses now, of course, facebook can still target ads to consumers based on all the information and has about consumers and behavior on all of the own platforms. facebook, instagram, whatsapp and et cetera. facebook can follow you when you use other apps on your phone that data about what else you do, what other web sites or a

i'm jon fortt with carl quintanilla and julia boorstin we're going to try to give you a peek at the futurewhat tech trends will be important in 2021 will 2020 winners continue to run? j joanna stern is going to give us a consumer tech take we're going to hear from marvel's ceo on semiconductors, carl >> yeah. we're going to kick it would have a real treat, jon our first guest this hour, giving us a sneak preview of her best tech predictions for the coming year, "the wall street journal's" joanna stern joins us this morning also, of course, a cnbc contributor. merry christmas, happy holidays, good to see you. >> good to see you too happy holidays. >> we've got -- i love your list i just want to go through what i'm guessing is one of your favorites and that is it's going to be a big year for, i don't know, a stair step function of the chip >> you know how much i love lap tops i do think -- let's set this straight 2020 was the year of the laptop. it was a huge year we relied on them much more for work, for school and then apple had this giant announcement at the end of the year where they imp

here is julia boorstin >> reporter: bob dylan is cashing in on his historic career ♪ blowing in the wind times are a changing ♪ >> the sound track of the civil rights movement and anti-war protests. ♪ knocking on heaven's door >> reporter: and with hits in the 70s to the 90s, he has been touring steadily for decades on what has been called the never ending tour. >> the remarkable thing about dylan's catalog, it is not only the quality of songs but the number of them and how long they stayed relevance you think of led zeppelin, rolling stones, they didn't release nearly as many albums. >> reporter: dylan's songs have been recorded more than 6,000 times by dozens of major artists. dylan was able to make this mega deal because he owned the rights to both his songs and the recordings unlike the majority of big artists who sell valuable rights early in their careers. taylor swift, who owns the rights to her songs but not the recordings is rerecording them now. stevie nix sold a majority stake in her publishing catalog for a reported $100 million because of the rise of streaming. r a repord $1

i'm jon fortt with carl quintanilla and julia boorstin this hour we're going to talk a lot about software lot of 2020's biggest winners and 2021's biggest growth hopefuls fall into that category that's before we even get to ipos companies joining the public markets are hoping to in '21, software names counted among those, they might have another option and method for doing that, and that is where we'll start this morning leslie picker has some more on the traditional ipo and now this new direct listing >> that's right, jon so just to start, let's take a step back and explain what a direct listing has meant historically and then we'll go into what yesterday's announcement about some changes to the direct listing process could mean so companies like pallen tier, spotify, all have taken this route, which is different from a traditional ipo because they don't use underwriters and haven't historically been able to sell their own stock in the transaction. only prior shareholders could sell and the opening price was made in the market rather than through a traditional road show. yesterday's s.e.

o than point, it's been such a big story over the last eight or nine weeks, we're joined by julia boorstinho has a very special guest. >> thanks so much. i'm joined now by the u.s. district attorney for the department of justice and he is talking with us today. >> good morning, thank you for having me, julia >> so so much has happened in the last several weeks in terms of antitrust action, most recently we got news that the doj's suit against google which you started years ago, it won't be heard until 2023. is that too late will things have changed so much dramatically in terms of technology and market dominance by then? >> well, it's going to be something we're going to have to take a look at i think all policymakers including congress needs to look at our antitrust enforcement actions the best way to address this new sector. i think the antitrust laws are adequate but the process to adjudicating these may take so long i mean, you have an investigation that is started, takes a year, year and a half. you have a trial that might take four years before we have a resolution, then you're going

here's cnbc's julia boorstin >> reporter: this is the biggest antitrust threat facebook has ever faced york attorney general letitia james leading the effort to halt what she described in a press conference today as anti-competitive behavior. >> they've reduced choices for consumers. they stifled innovation, and they degraded privacy protections for millions of americans. in an effort to maintain its market dominance in social networking, facebook has employed a buy or bury strategy to impede competing services. >> reporter: the state attorneys general and ftc are exploring remedies such as selling off instagram and whatsapp, which would be unprecedented so many years after their acquisitions they would also like to prohibit facebook from proposing anti-competitive conditions on software developers and propose a review of all deals valued over $10 million, and facebook responding instagram and whatsapp became the incredible products they are today because facebook invested billions of dollars and years of innovation and expertise to develop new features and better experiences for the m

costco items or makeup but now they're being hired to promote covid-19 vaccines let's get to julia boorstindia influencers took to instagram and tiktok to advocate for people to wear masks and stay home. now they are being used to influence for vaccines >> if you want to reach the under 35 crowd, this is the only way to do it the under 35 crowd is not watching government officials doing press conferences. they're not watching tv. if they are, they skip through ads. even digital media strategies don't work with the under 35 crowd, the gen z and younger millenials. >> mad works with lauren cooper with about 35,000 followers on instagram and was paid $500 for posts about wearing masks. after losing her grandmother, she hopes to advocate for vaccines as well. >> i know a lot of people, a lot of followers have expressed concern about the speed of which the vaccine was kind of done and i'm here to say that, you know, through the research and the information that's out there, it's really not scary. >> the ad council known for creating smokey the bear is putting together a new $50 -- $50 million va

rival instagram and whatsapp, its lawyer says the government want to do it over here is cnbc's julia boorstinst threat facebook ever faced laticia james what she describes in a press conference anticompetitive behavior >> they reduce choices for consumers. they stifle innovations. they degraded privacy protection for millions of americans. in an effort to maintain its market dominance and social networking, facebook employed a by of strategies to impede come competing services >> the state attorney is exploring a range of remedies which is selling instagram and whatsapp prohibiting anticompetitive conditions on software developers facebook responding instagram and whatsapp became the incredible products they are today because of facebook investing billions of dollars and years of innovation of expertise. the most important fact the commission did not mention is the 53-page complaint that it clears these acquisitions years ago. one interesting thing is that it poi points to a private e-mail to zuckerberg that he did see instagram as a threat. >>> door dash delivers, that's what's topping cnbc

it's time for rapid fire head to break down the headlines are leslie picker, julia boorstin and michaelell first of all, disney, nothing short of a tumultuous year for disney but the stock has clawed its way back to an all-tie high, thanks to the grows of disney plus they face a lot of competition as everyone goes all in on streaming. more people are cutting the cord last time was the last time pay tv operators lover lost more than a million subscribers and tv streaming bundles, julia, added just as many what does disney need to say and not say in order to keep the positive investor sentiment flowing? >> well, what we're seeing, kelly, is that people are willing to pay for content. they are paying for it in a different format, and i think whatever the concern is about cord-cutting, there is optimism about people paying for these digital streaming bundles, and there's also a lot of optimism about disney plus. i think it's really notable that disney's big investor day tomorrow which is really going to be about the focus on the direct-to-consumer relationship hand how they are going to nav

julia boorstin joining us there.ttles in 2021, sean at kgiatkins, and ed "new york times" corporate media reporter and cnbc contributor. good to see you both ed, i'll go to you first, if you want to take a stab at the issue morgan and julia were talking about, whether you think this hybrid model from warner brothers is going to be permanent and become the norm industries wide? >> i think jason kyler, the guy who heads up warner media who came up with this hybrid model, i think he is using next year as a big big experiment, just to see how much he can goose hbo max subs, once he puts, you know, wonder woman, 1984 on streaming, gwen, fagain for no a cast, similar to what disney did for mulan, you had to pay an extra $30 to watch it in the first month, otherwise you had to wait to see it. i think it's a consumer forward, consumer friendly plan, if 2021 draws out customers for hbo max, and they stick, he might actually change his mind later on down the line he's actually doing something different from what other guys are

julia boorstin joins us now with more good morning, julia. >> good morning to you, joe.t disney's direct to consumer streaming strategy is working. now it has 137 million subscr e subscribers for its direct to consumer services, and includesi increasing the forecast to between 300 and 350 million subscribers, by 2024 now, that massive increase in the forecast is driven by disney plus, which it says will have between 230 and 260 million subscribers in four years. now, this comes after the company announces that disney plus now has nearly 87 million subscribers, hitting towards the top end of its growth forecast four years ahead of schedule disney also announcing it will raise the price of disney plus in the u.s. in march by $1 to $8 a month. disney also saying it will increase investment in content, which will drive expenses higher, forecasting hulu in fiscal 23. in the four-hour event hosted last night, the company announced a slew of original content for hulu, espn plus, and particularly for disney plus which it says will have 100 new titles every year, including 10 mar

i'm jon fortt with carl quintanilla and julia boorstin we're going to try to give you a peek at the futuren 2021 will 2020 winners continue to run?

i'm jon fortt with carl quintanilla and julia boorstin this hour we're going to talk a lot about softwares biggest growth hopefuls fall into that category that's before we even get to ipos companies joining the public markets are hoping to in '21, software names counted among those, they might have another option and method for doing that, and that is where we'll start this morning leslie picker has some more on the tradio

julia boorstin has the details after a pretty dramatic investor day, julia >> that's right.lf hour investor day yesterday. shares hitting an all-time high for disney today up 22% year to date. what is driving that move is far better than expected growth of disney+ with 87 million subscribers now hitting the high end of the company's forecast four years ahead of schedule along with epipen and hulu disney is predicting between 300 and 350 million subscribers by 2024 disney is ramping up investment in original content. planning to launch 100 new titles on disney+ annually >> and perhaps most surprisingly to me saying they have more subscribers who do not have kids than do have kids. charlie, back to you if you haven't gotten into disney before this monster rally today before this projection of 350 million subs by 2024, do you think there is going to be another opportunity? >> well, unfortunately, i fall into the camp of people who missed this one. this one did become a value stock in march when the theme parks all closed down, the cruise ships they own closed down, they weren't

service tomorrow it's a huge hit and maybe a huge hit to the already slammed movie theater industry julia boorstin change for the big theaters >> it's a bold move by warner bros this hybrid release of not just "wonder woman 1984," but the next 17 movies "wonder woman 1984" will be available in roughly one-third of u.s. theaters open and hbo max subscribers in the u.s morgan stanley writing this should, quote, further support hbo max's momentum but this will impact theatrical cost the availability of big titles at home will prevent people from wanting to return to theaters. now, post-pandemic, more than two-thirds of consumers say they will want to watch at least some movies in theaters, according to a deloit survey. 90% of consumers who said they rent or pay to watch a movie at home say they would be happy to do it again. universal, cnbc's sister come, and disney are renting movies at home universal 17 days while after being in theaters and disney with an additional fee for disney plus subscribers. it will be a test to see which of these models works out the best >> i'm here for a female super her

news yesterday that the federal trait trade commission filed lout lawsuit against the tech giant julia boorstind 40 attorneys general their lawsuit alleges they bought up or quashed competition. that news pressuring the stock lower today. it was down as much as 2%. now down just fractionally after fall 2g% yesterday but analysts are largely bullish. some 8% have a beyer overweight rating saying a break up is unlikely in part that years have passed since the acquisitions and at that the ftc did approve them that's part of their defense and they do believe that more deals will be going forward. >> is that what this is, a bet on wall street, the resilience of facebook's stock that the, the ferks c and anyone who brings cases against these prior deals that were approved are going to lose. >> it is disappointing but i agree request julia, i don't know how you can overturn what the ftc ruled on in 2012 and 2014 with the various different deals they did i am of the mindset anybody could have bought these companies and facebook decided to buy them. they were the ones that were successful do it and they

. >> movie theater stocks under pressure today julia boorstin explains why for us. >> wilf, warner brothersd it will release all of its films next year in theaters the same day this they are able on hbo max this news sending amc entertainment shares down 16%. cinemark down 22%, and eye max shares down 8% this news shatters that window between theatrical and home entertainment release. suicide squad, matrix four and space jam will be available to hbo marks subscribers for the first month of the theatrical release. after, it will be pulled from the streamers and will remain in theaters a source close to the situation tells me warner brothers is right now in talks with the theater chains that are its partners. >> julia, from a consumer's perspective, this sounds fabulous to me two questions, this is you have to have a subscription and then you get it for free during that month or you have a subscription and you have to pay-per-view on top of it? and why would you show it for a month, remove it and then six or four months down the line it will be available once again on line >> there is a lot i

industry giants like facebook are staring at new threats even as new opportunities open up for them julia boorstinmorning to you, becky facebook has warned about headwinds to the digital ads in part because of apple's digital operating system they can opt out of ads. another big change to ad targeting, google is joining chrome and firefox inphasing out third party cookies that will follow you around the web that will happen by the end of next year. ftc indicating there's more in the works and it directed nine companies including facebook, youtube, twitter, snap to provide information about their data gathering algorithms and advertising. the e.u. just proposed new tech regulation including letting google see parameters for targeting ads to modify or eliminate the targeting criteria truist's youssef squali said their share of the global digital ad market is peaking and should show stabilization in 2021 with the potential for some decline thereafter on the flip side of that, though, the ad giants have a massive new opportunity in shopping emarketer forecast worldwide retail ecommerce will reach $6.3

julia boorstin spoke exclusive with the head of instagram, and joins us with more julie, it's great toncing it's going to enable people to shop in reels, short form video format when i spoke to head of instagram, adam, it was before the complaints were filed yesterday. i asked him about the range of antitrust remedies that they could seek including the forced sale of instagram. >> breaking us up is the one that comes up the most often i think the key thing there is to understand, what problem we're trying to sovlve and what the consequences are the consequences would be significant for the people who use and rely on instagram. we can make our messaging products more compelling by working with and leveraging the work from the messenger team we can make our creator suite of tools more compelling by leveraging work from the rest of the family as well to help creators reach more people and have more modernization tools. possibly most importantly we can do more to keep people safe. >> painting a contrast, the ftc's allegations of facebook monopolistic behavior, today's announcement enabling