about 140 million monthly active users beloved by gamers who use the live audio feature get to julia boorstins us now with the ceo. julia? >> thanks, jon actually i'm going to update the user number. over 150 million users joined by discord ceo jason s citron to discuss that and the company's growth thanks for being with us this morning. >> thanks for having me. >> jason, you've reached that 150 million number in part growing outside your core gamer audience now people are gathering on discord to talk about tv shows talk about their neighborhoods to do fantasy football how important is that expansion outside of video games and who do you see as your main competition right now? >> incredibly important. when we started six years ago we were very focused on people who play video games together and talk and hang out we found over the last three years or so seen people take our service, begin using in in all of these new ways you're talking about, because discord really creates's different kind of experience spending time together pup can see your friends are around and gives a sense of being able

julia boorstin will have disney ceo bob chapek on air during "fast money.row on "techcheck", brian chesky do not miss that >> yes, john airbnb once again below the opening day ipo, opening trade of 146 currently 134. a lot to talk about with brian >>> "the halftime" starts now. >> carl, thanks. welcome to "the halftime report." i'm scott wapner front and center this hour, the question on every investor's mind, are we nearing the end of the sell-off we are debating with the investment committee brenda van jello, john brown, kevin o'leary is along with us today, too take you to the ball stocks, i said they're bouncing. dow is good for better than 400. nasdaq off the best levels of the day. nonetheless, given what has happened lately we will take the 68 points to the upside. kevin o'leary, big question, are we nearing the end of the sell-off can you trust what we're witnessing

. >>> we have a news alert on snap let's get over to julia boorstin with more. what's happening. >> snap shares popping as much as 4.5%. that stock is now up about 3.5% on news that the company now reaches over 500 monthly active users. previously, snap reported daily active users that number is 280 million daily active users now, the company also saying that nearly half of u.s. smart phone users do use snap chat monthly. and about 40% of its youers are now outside north america and europe with over 100% growth in daily users in india in each of the last five quarters now, to put snap's monthly users in context, facebook has 2.8 billion monthly active users with 66% of those monthly users accessing daily. pinterest has 478 million monthly users. and twitter hasn't reported a monthly active user number since february 2019. back then they had 321 million monthly users. >> snap chat has more than twitter. that's important why do you think they are disclosing this metric now, especially now in a twitter stopped reporting. >> listen, those numbers were back in 2019,

i'm carl quintanilla with jon fortt, deirdre bosa and julia boorstin this morning. stocks lower for the most part tech and communications services where the locusts of the challenges are worst performing sectors peloton is the worst component on the nas. disney and the dow meantime, get a news update with rahel solomon. >> good morning. home builders remain confident due to strong demand from buyers according to a national association of home builder survey out this morning with cost of construction materials soaring and that's making homes less affordable and positive effects of low interest rates. >>> and starbucks and target retailers and restaurants that will not require masks for fully vaccinated customers unless local or state officials say they are required. vaccinated employees also don't need to wear a mask. >>> today the u.s. supreme court rejecting johnson & johnson's appeal of a $78 million jury verdict over failing to adequately warn about the risks of its anti-psychotic drug and hearing an appeal from novartis over an unsuccessful challenge for patents

get started today. >>> we are getting headlines on instagram and julia boorstin is back with us on that what's the latest? >> well, facebook is holding the line after lawmakers make lawmae another call for facebook to abandon its plans for an instagram for kids product senators markey, blumen that will and others relosing a new statement accusing facebook of failing to protect children and urging mark zuckerberg to abandon the instagram for kids they are saying, quote, we will develop these experiences in consultation with experts in child development, child safety and mental health and privacy advocates. we also look forward to working with legislators and regulators. in addition, we commit to not showing ads in any experience for people under age 13. facebook also noting they did respond to the lawmakers, saying they expect development of this product to take many months as they consult with experts. they're not going to back down but they're will take their time on it. >> julia, thank you. >>> semi conductors on the radar again. today president biden visiting ford's ev plant to discu

. >>> julia boorstin who has an interesting space in a moment.k up 1.7 seven of ten worst performers are retail led lower by ralph lauren rahel solomon has a news update. >> carl, what's happening at this hour -- vegan milkmaker only the big ispo offering price that values the company at $10 billion oatley going public due to volatile market conditions stay tuned shares sinking 12% despite hosting big earnings and revenue. retailers up profit guidance the rest of the year shares of ralph lauren down 8% even though reporting a surprise profit revenue will grow less than expected this year morgan stanley shaking up a suite for four executives seen at top choices to eventually leave the bank current ceo james gorman plans to keep the top job at least three more years and former executive carlos doane lost his bid to get millions from former employees nissan and meets bishy missed wages and severance payment was demanded the court ruled no value and must pay them $6 million remains an international fugitive in lebanon fleeting from japan after escapi

i'm deirdre bosa with carl quintanilla and julia boorstin jon has the morning off.oday epic faces off with apple in the courtroom how this case could change apple and the way that we use our smartphones forever. >>> then, buffett talks bitcoin, r robinhood and the game of investing. old versus new we explain in a moment, and cathie woods, twitter over twitter. breakdown of arts defense of the stock this hour. julia? >> well, stocks are higher as the dow flirts with a 300-point gain nasdaq lagger to the three actually turning negative moments ago with names like skyworks, tesla, dragging down the tech sector. carl >> top of our feed today, maybe all this month, will be this epic showdown in the courtroom as "fortnight" creator epic games square the off with apple whether the app store is an abuse of monopoly power. right now apple takes about a 30% cut of all in app purchases on the app store big story on wall street, the service revenue, of course app countered this removing its immensely "fortnight" from the store. tim koch wilcook will testify as mr. sweean sweene

i'm carl quintanilla with deirdre bosa, jon fortt and julia boorstin joining us this morning.ech stocks under serious pressure nasdaq worst day since middle of march. closing brings us back to about april 1. faang complex down similarly cathie woods ark innovation down more than 4% etf worse formens, mroderna, match, nvidia breaking down the selling, hawkish comments from the treasury secretary yellen, mike, at this atlantic event did not help >> definitely didn't help. i think a little bit of a psychological overhang both about the direction of policy when it comes to the fed as well as potential for tax increases i don't think that's the immediate driver of what's going on, but it doesn't help when you have the market already a little bit in a defensive crouch. the nasdaq has been a little suspect for a while right now. the fact that the overall nasdaq couldn't really hold above its february highs for more than a day, despite the fact having blockbuster earnings and everybody has a sense that stocks are kind of already, maybe, fully valued relative to other opportunities in

let's hear from julia boorstin who has been very busy. >> melissa, it has been busy, sources tell me and amazon are in talks, unclear on the price but mgm looking for $9 billion, far more that be the $5 billion that other companies have valued mgm at but with warner media discovery merger and sony partnering with netflix for first-look deal on its films there's a land grab right now for original content for streamers and mgm is one of the few stand alones studios left with library of 4,000 films, 17,000 hours of tv and cable channel epics and mgm would produce from "pink panther"," rocky" and "james bond" in which mgm owns half and it's in talk that amazon is -- f it does go through in the $9 billion range after it spent nearly $14 billion to acquire whole foods. now morgan stanley believes engagement with prime video has been important for subscriber growth and retention and say mgm's robust library should help to drive retention further of course for amazon it's all about getting the prime subscribers because they spend more money melissa. >> julia, thank you. julia boorstin by the

here are julia boorstin, mike santoli and the chief correspondent for axios. let's get into it.what a story this has been today, their independent oversight board is upholding the company's suspension of former president donald trump's facebook and instagram accounts after finding he did violate their rules in the wake of the january 6th capitol hill riot. the board also found fault with facebook saying the company broke its own rules by imposing an indefinite suspension. trump is blasting them saying they must pay a price this is a facebook-appointed board in the first place and acting all you need to do this and that they don't have any actual independence, right? >> well, it is an independent board, so facebook gave this money to create this board, but the board operates fully independently. i actually think the fact that they decided what they did and they threw a lot of the decision back to facebook shows just how independent they really are. they're saying facebook, your job is to make the rules, make the rules consistently, make them clear, and our job says a independent

starting with disney let's get to julia boorstin with the details. >> disney earnings per share grew 32% to 79 cents instead of falling 55% as analyst anticipated. the company's revenue came in a bit light. the stock is slower than expected streaming subscriber growth growing to 103.6 million lower than the 109 million analysts anticipated on the call i have to note that disney's cfo says subscriber growth in the third month of the quarter was faster than growth in the first two months. on the earnings call ceo bob chapek announced two sports rights to bolster the library on espn plus, including extension with major league baseball through 2028 with the option to som simulcast on espn and la liga covering spanish and english language rights. as for the theatrical movie business, three movies will be distributed this summer on theaters and disney plus for $30 fee, disney will give a exclusive 45-day window for ryan reynolds free guy, and "legend of the ten rings" we'll discuss that and more with disney ceo bob chapek who will be joining me as soon as that earnings call wraps. >> we lo

julia boorstin. >>> disney trading up.n for the year so far, steph what do you do with this name and earnings >> it's expensive for good reason, right. because it's a turn around story and also a stay-at-home story and delevaging and i own so many reopen names at this point, this is not one of them a whisper of 110 million disney plus subscribers is the number, right. the other question we have is netflix saw a pull forward in their quarter. so, is the same thing happening for disney, as well. they are playing catch up. they should have about 163 million total if you include hulu and espn plus so, let's watch to see if they pull through and the second thing is parks they opened up california at the end of april what is that trajectory? i know it is expensive and i own other reopen names that are a little less love, if you will. >> less expensive than it was and earnings should pick up and hasn't been soaring in the same way it was for much of the couple years leading into this year >> but right now you look at an enterpris

theaters because they are used to watching things at home and others who may go back more. >> julia boorstin>> i don't >> that makes us different. >>> up next on the show, beyond meat soaring this week, up nearly 40% since monday. find out what's behind the boom and whether it can last. >>> and may is whether it can last. may is asian-american pacific-islander and we've been spotlighting contributors and on air reporters and anchors here's "new york times" reporter, edly. >> you always have to speak up you're seeing racism, a slight, not just against yourself or other asian-americans but against any minority group, speaking out and having alliship with fellow people of color is incredibly important and necessary for the future ♪ ♪ look, if your wireless carrier was a guy you'd leave him tomorrow. not very flexible. not great at saving. you deserve better... xfinity mobile. now they have unlimited for just $30 a month... $30. and they're number one in customer satisfaction. his number... delete it. i'm deleting it. so, break free from the big three. xfinity internet customers, take the saving

julia boorstin has a breakdown julia, good morning. >> well, deirdre, the disney added 9 million newubscribers rather than the 14 million that analysts expected. ceo telling me that disney plus growth picked up in the last month of the quarter stressing that streaming and direct to consumer is disney's top priority and they're on track for their long-term goals. >> we've added 30 million new households to disney plus just in the first six months of the year so we're extremely bullish. this quarter's numbers were exactly as we projected internally no disappointment here i think if you want to look at the actual rate of net adds, we've added more in the last month than we have in the prior two months in terms of households >> chapek announcing after simultaneously releasing movies in theaters and on disney plus for an extra fee, they will give two films an exclusive 45-day theatrical release in august and september. >> we're hopeful that by the end of summer more and more consumers will feel free, particularly with the cdc guidelines today about relieving the constraint on masks, that

julia boorstin has the insights on facebook's overboard decision on donald trump. mike, first to you the dow is hol-- the nasdaq is holding on to the positive two basis points. >> people feel stranded in expensive growth and frying to get out into cyclicals today a gentle version of that rotation yesterday, previously intraday we went below a long term trend line flattening it is where we are mid april, also where we were about a week later when we got the first headlines about a potential capital gains tax increase mental markers of where we are side winding, maybe correcting under the surface growth areas getting hit. one representation of this rotation toward cyclical plays jp morgan and caterpillar over the last six months against apple. all three, dow stocks. what is interesting, the way that cat and jp morgan, the cadences are basically moving as one. saidences are basically the same it is a different percentage, but basically it is i want to play an economic recovery and inflation through caterpillar and jp morgan not so much a great secular growth play in a

. >>> we have to move on, alas, because we are in the market zone julia boorstin has more., concern that growth and revenue will fall off as economies reopen and that is putting pressure on the stock, down 7% today. it is still up with 120% over the last 12 months so the most important thing in roku's earnings report is the company's outlook. the trend in hours viewed and any numbers from april could be seen as a key indicator of where things are going for the first quarter analysts are expecting growth of 3 million new users on a 53% increase in revenue and a 13-cent per share loss for the company. now, as of now 72% of analysts have a buy or overweight rating on the stock we'll be watching to see where it moves after the bell. >> julia, thanks so much we're also going to get results from square. kate rooney has a preview of those numbers for us >> hey, wilf square has been one of the biggest winners during the pandemic, but can they keep up with that growth that's really the big question heading into earnings today. analysts are still focused on its digital payments drive

two weeks of fighting which caused hundreds -- >> snap powering higher today, let's hear from julia boorstin with the details. >> yeah, melissa, snap kamala harris up abou abou -- the company unveiled a range of new augmented reality tools to make it more appealing for creators and developers. one to scan products and find similar products to buy online in snap's app. also can find -- accurate sizing for eye wear and jewelry. businesses can build profile pages and offer the option for users to shop directly there for creators snap introduced gifting, a way to tip snap stars, new proediting tools and online destination to watch snap content off of the app for the company's quarter million developers, snap's new tools have ability to lay a map on to everything else they're doing. one of the partners posh mark soaring over 9%, bringing a mini shopping experience within the snap app we'll talk about all this and more with snap ceo evan spiegel he'll join me tomorrow in tech tech. >> just to get it straight, you know, guy tries on a bag, some jewelry, he decides he wants to buy it, he can remain

back to you guys. >> julia boorstin, thank you still took a tumble from its highs earlier in the yearrs don't miss a first on cnbc interview with fubotv's ceo tomorrow morning on "tech check. >>> let's get back to the broader markets in the meantime. joyce, what's your outlook for growth around the rest of the world for the rest of this year, do you think there could be some positive surprises there and some catch-up to be played >> well, europe will catch up in the third quarter of the year, so we had a very disappointing first quarter, but we're looking at close to 15% growth in europe if the market remains very focused on the divergence that we're seeing between the u.s. and china. china, we have seen a lot of the activity momentum there has peaked i think the fact that this is not a synchronized recovery is something that's very not noteworthy you had china in first, then the u.s., then europe. emerging markets will follow that now, in emerging markets, i don't think you're going to be seeing some of that recovery until later into the second half of the year as they get the vaccin

let's get to julia boorstin. >> t-mobile beating across the board reporting better than expected resultsearnings of 74 cents per share beating estimates of 57 cents per share revenues $19.8 billion beating estimates of 18.9 billion. the company net additions 1.4 million new subscribers. estimates had been 1.2 million the company also raising its guidance for 2021 net additions to between 4.4 and 4.9 million, up from the prior guidance of between 4 and 4.7 million. also increasing guidance on merger synergies, saying merger synergies with sprint will be between 2.8 and 3.1 billion so overall rosy guidance for 2021 that stock now up over 3%. back over to you. >> julia, thank you. mike, julia mentioned up 3%. the market will like that added synergy cost savings as a result of the merger. >> yeah. they have been kind of thriving on that for a while. the market has loved the merger, as i think everyone anticipated if it got approval to create this kind of trilogopoly or whatever you want to call it in the space. the stock has been hovering below its highs so we have a little bit of a perking

to apollo global management julia boorstin has details >> it's the end of an era for aol and yahoo!300 billion back in january of 2000. now apollo is paying $5 billion for both companies as part of verizon's media assets this comes after verizon already wrote down $4.5 billion of the $9 billion it spent to acquire both companies verizon will keep a 10% stake and $750 million of stock in the new company which they're calling yahoo! and apollo will generate more revenue from that company's active users, including 1.5 million people who still pay for aol for tech support and identity protection, not email. back over to you >> julia boorstin, thank you don't miss an exclusive interview with hans vestburg on this show thursday mike, what does it mean for the stock, for verizon >> it's a small piece of the pie but it shows you that there was this gambit that really just didn't play out the way they had hoped in terms of having the programatic digital advertising engine driving through their wireless subscribers they were going to have more of it that was more proprietary sourced inside in

the creator of the annual list is cnbc's julia boorstin she's with us now, julia, financial servicesnd second spot. what are robinhood and others doing that is forcing big banks to take note >> well, shep, what's so interesting is we have the "b" to "c" companies and the "b" to "b" companies. the "b" to "c" companies are the consumer services. i think th reason they've grown so quickly and gotten the attention of the established banks, is because they're drawing a new generation of people, a new generation of investors, also of traders and i think we've seen the establishment react to this. we saw fidelity introduce a youth account. we've seen a number of companies introduce fee-free trading to try to make sure that they can be appealing, not just to people who used to put money in their 401(k) and invest the old-fashioned way, but people who really wanted to be participating in the market in more of a day-to-day way so we've seen the establishment, i mean, no one bigger than goldman sachs, they've been investing in their bank that appeals to younger users calls markets. >> social me

i'm carl quintanilla along with jon fortt and julia boorstin along with deirdre bosa.daq looking to avoid a negative session in six. best five performers on the index, on your screen now. meantime a news update rahel solomon has it for us. >> what's happening at this hour increasing international support for a global minimum patch rate for corporations financial times reporting the g7 countries are close to agreement on a tax rate of at least 15%. saying the deal could be announced early as friday. >>> shares of virgin galactic soaring 14% in the wake of the company's suctcessful return to space. the first manned space flight from new mexico, their space port. >>> and adding two new directors with climate experience. activist hedge fund engine one proposed four new board members to address what's it calls weak gove governance. >>> and gasoline prices on the rise just in time for memorial day. average pump price up 8 cents to $3.05 a gallon that's $1.05 more expensive than this time last year. good news, official start to summer upon us bad news, gas prices are higher.

julia boorstin live in anaheim what is it like with all the changes? >> reporter: well, look, it doesn't seem to be dampening all the fun with people wearing their masks, along with mouse ears and lots of disney gear and they're here to visit their old favorites as well as to see the changes, the prooflts made during the 412 days that it was closed >> welcome back! >> reporter: disney fans race in the after reserving their spots and paying $154 a ticket with cast member hired back for the day's opening. >> a signal to the world there's light and hope and optimism >> reporter: while some attractions such as the mono rail are due due to covid restrictions and they had to hold off on the star wars ride, many were redone including haunted mansion and the snow white ride guests are happy >> i've missed it. it has been over 400 days. >> amazing now that we have the park to ourselves, i feel good >> we're season pass holders the tickets opened up like last friday we had to jump on it >> reporter: and disney used the cloerk you are as an opportunity to focus o

i'm jon fortt with deirdre bosa and julia boorstin carl has the morning off today an exclusive with microsoft ceo satya nadella. microsoft's vision for the future of hybrid work. another exclusive with evan spiegel. and finally, apple ceo tim cook takes the stand. the latest from the courthouse and the apple epic trial julia? >> well, jon, stocks extending yesterday's gains. nasdaq back in positive territory for the week, although still in the red for the month dow session high this morning is 331. the major indices near the flat line at this hour. deirdre? >> julia, today we start with mixed reality. satya nadella has a vision for the future and hybrid work and joins us in a few minutes to explain. and so does evan spiegel as snap leans further into augmented reality and joins us in a few minutes as well. what's the point here? these are two names, guys, that have thrived during the pandemic and investors believe are also making tools that will work for reopening. snap works at the home and in the wild microsoft is building for an office anywhere. jon and julia, we talk about this often and

investors are running for the door at&t announcing a whopping deal with discovery let's get to julia boorstin with the details and analysis. >> well the combination of discovery and warner media creates one of the biggest media companies in the world discovery brings global sports rights, reality tv strength and that is designed to compliment the news and domestic sports and the original content in hbo and hbo max. together the company spended $20 billion on content and the ceo said that he plan to spend more this is a play for scale and advertising and if streaming discovery zaslav saying they could reach as many as 400 million subscribers. >> warner together with discovery will be a really strong global force. but also that the vision for john and i was the number one telecommunications company in the world and the number one media company in the world and that's the mission that we're both on and we both now have the tools to accomplish it. >> and at&t ceo john stanky said this will allow his shareholders to realize the value of warner media direct to consumer strength in hbo max while at&

i'm carl quintanilla with jon fortt, deirdre bosa and julia boorstin today, amazon buys mgm, a re-setn amazon's streaming strategy this hour. meme stocks making a comeback. by amc and ge are surging again. later john, what to expect from nvidia after the bell tonight. >> yes snowflake 2. ahead this hour the ceos of intuit and zip recruiter one with strong earnings the other making its public debut as attention turns towards small and medium business. reopening with intuit noticing its ecosystem grew 28% zip recruiter, if you believe they're hiring you'll like the ipo. amazon talking small and medium business highlighting in a tweet 2 million smbs sell in the store, they want those to do well >> love to highlight those small and medium-sized businesses. we start with the deal of the morning, amazon buying mgm for just under $8.5 billion. this is amazon's second largest acquisition after whole foods, days after discovery and at&t, as those streaming wars continue to heat up, included in the deal the james bond franchise, the handmaid's tail, shark tank, survivor and "real housewives" ta

i'm jon fortt with carl quintanilla, deirdre bosa and julia boorstin facebook's oversight board doesn'to what many expected and gives facebook homework. we'll try to explain what took them so long to come to the decision and what it means for other social media companies >> lyft, lower after an overnight pop despite showing signs of a post-pandemic recovery bezos and blue origin sell tickets to space >> jon, the nasdaq is rebounding this morning after yesterday's sell-off cloud stocks back in a positive territory, but it has been a rough few days 60 of the 66 cloud stocks in the first trust sky etf are lower for the week semis higher after a sharp sell-off names like nvidia can swing 40% to the upside. check out arc innovation index it is back in the green today, but definitely in a slump, now down nearly double digits for the year after posting a gain of less than 1% in april. take a look at the three-month performance of some of the names in her funds these are the top ten holdings down massively tesla, the biggest holding down 21% over the last three months teledoc 44%. >> yeah. that

it's going to have a lot of new faces, julia boorstin joins us now with a preview, julia. >> well, joeies that have graduated from the disrupter 51 that no longer private, they no longer qualify for the list 12 companies have gone public among the 50 on last year's list, including a number of consumer facing, airbnb, doordash butterfly network and goodrx to insurance companies lemonade and root insurance three companies, snowflake, and c3ai those companies with a benchmark of disrupters that have gone public, up 78% over the past 12 months, compared to roughly 45% gains for the nasdaq position to the ipos, kabbage and beautycounter. and there are "stack"s, better, grab and so fi there were a record number of nominations, 1500 with the most competitive list ever. we're unveiling lists tomorrow on "squawk box" tomorrow morning. and we'll have interviews, stories throughout the trends, throughout the week, on different shows, on cnbc, guys >> thanks, julia some broad ones you expect to be on the list, not just new people, but new names we should say. >> well, what i would say is that -- y

. ♪ ♪ ♪ ♪ ♪ >>> we've got some news on amazon and mgm julia boorstin with the story. deal to acquire mgm which is expected to close this week. this confirmed by my colleague, alex sherman, according to sources. he says the deal is on track to be $8.5 billion and $9 billion and could close as soon as this week this is in line with what you've been reporting in recent weeks mgm was seeking that $9 billion for a sale it follows amazon's interest in bulking up its library for amazon prime as it competes with the likes of netflix and disney plus we've reached out to amazon and mgm for comment and have not received word back yet. >> julia, there's been so much debate about the timing of jeff bezos stepping down as ceo and who will be the next james bond. i'm wondering if he wants that role for himself. >> he has been getting in shape. >> he has the right initials if i had that much money, i would buy mgm to make that happen maybe that's a different item on the agenda for him julia, thank you. >>> as many parts of america inch closer to a full reopening, real estate watchers

i'm jon fortt with carl quintanilla and deirdre bosa and j julia boorstin the world is not enough.

i'm jon fortt with carl quintanilla, deirdre bosa and julia boorstin facebook's oversight board doesn'tmework. we'll try to explain what took them so long to come to the decision and what it means

chairman barry diller and snap ceo aaron spiegel were both on cnbc with different ideas on apple julia boorstinng opposing views on the issue at the center of this lawsuit barry diller, who has a range of apps in the app store, saying of the 30% apple charges an app, that apple overcharged disgustingly >> if you go through let's call it the equivalent of an app store, a credit card, the transmission cost is about 2%. that's what credit card companies cost for putting up that whole system and doing all that stuff that's what they charge to the person -- to the producer, let's say. here apple says, oh, no, 30% 30%. i mean it's criminal >> but in contrast, snap's ceo evan spiegel praised apple and its business model. >> snapchat wouldn't exist without the iphone and the amazing platform that apple has created. so in that sense i'm not sure we have a choice about paying the 30% fee. we're happy to do it in exchange for all of the amazing technology they provide to us, in terms of the software but also in terms of their hardware advancements. >> snap's rival, facebook, criticizing apple's new system

. >> julia boorstin, thank you mike, what do you make of the market reactions, discovery lower by 5%.ven if a lot of these goals are realized longer term, content spend and gaining streaming subs, the company will largely be eating itself in other words, it's a huge aglaum rags of cable revenue and cash flow in one place it seems a lot of the impetus for the deal is about at&t's corporate priorities, trying to restructure its own balance sheet, trying to refocus itself as opposed to coming and saying this is the match made in heaven that we would want to build starting from zero i don't think it meansthat the prospects aren't good necessarily strategically. i think both companies are better positioned together than apart. but just in terms of realizing value for shareholders at these levels, it's just up clear and it will have a lot of debt and a lot of exposure to some of the more structurally challenged parts of media. >> chris, one point that's been raised a lot today is the fact that at&t will cut its dividend as a result. do you think dividend stocks, sustainable dividend stocks

i'm deirdre bosa with carl quintanilla and julia boorstin jon has the morning off.smartphones forever. >>> then, buffett talk

julia boorstin has those details for us. >> disney's earnings par surpassed expectations, but the highly company added 9 million new subscribers rather than the 14 million analysts had anticipated. although disney's ceo telling me that the company is on track to hit its goal of at least 230 million subscribers by 2024. chapek also said that disney's parks business is rebounding with demand back at pre-covid levels. >> we see that confidence that we've been able to instill in our guests that we can operate our parks in a responsible way during this pandemic plus the affinity for the content and the experiences we give them and magic we create. that will pay big dividends for us and our shareholders going forward because they have confidence in disney and they can't wait. >> and chapek was very optimistic about the cdc relaxing its mask rules saying that it will make disney's guests a lot more comfortable in hot orlando this summer. >> the other area is movie theaters what is the outlook now for big movie releases is there a flood of them ready to come from companies like disney, or have t

i'm jon fortt with deirdre bosa and julia boorstin carl has the morning off today an exclusive with microsoftthe future of hybrid work. another exclusive with evan spiegel. and finally, apple ceo tim cook takes

. >>> snapchat's parent snap announcing new roducts julia boorstin has the details for us. >> snap sharesover 500 million monthly active users, previously only revealing daily active users at 280 million. the company unveiling augmented reality features for developers, including the ability to scan a product and find similar looks to buy plus tools to try on clothes virtually and for businesses, new profile pages. for creators, snap introduced gifting to basically enable people to tip their favorite creators there are new pro editing tools and a marketplace to connect creators with brands and poshmark which announced a snap shopping experience saw its shares gain about 9% on that partnership. guys, back over to you. >> julia, thanks so much for that the market likes this today, mike it hasn't really pulled back that much relative to some of the other 2020 tech outperformers in the first place. >> no, it hasn't, you're right, even compared to something like pinterest. it seems like the story is impact in terms of the pie growing fast enough in digital adds the whole thing that's been the s

i'm carl quintanilla with jon fortt, deirdre bosa and julia boorstin today, amazon buys mgm, a re-setazon's streaming strategy this hour. meme stocks making a

the list is on our web site at cnbc.com here is is julia boorstin with e top five >> reporter: numberiving to the $100 billion u.s. ipo didi offers transportation and delivery services to more than 550 million users around the world. number four, sentinelone protecting the internet from cyber crime. >> deals with data and scale that is where we should leverage >> reporter: the company defended more than 4,000 customers from last year's solarwinds hack. including at&t and jetblue number three discord. the platform captivated users through live social audio. it attracted sports fans and music groups and crypto traders. not to mention microsoft which explored a $10 billion acquisition earlier this year. number two, stripe the powering platform from amazon to shopify to uber. it has seen growth in the pandemic the biggest private company with the reported valuation of $95 billion. and number one is robinhood. on the mission to access to financial service in the stock market the no-fee trading platform made its mark on wall street and empowering a new generation of investors. robinhood tra