i'm deirdre bosa with jon fortt and julia boorstin joining us from sun valley.rackdown. didi shares down another 5% now as those stocks have gotten crushed. first, get a news update with rahel solomon. good morning. >> good morning. what's happening at this hour. the bill and melinda gates foundation will name new trustees to oversee the charity the work and that melinda gates could resign if she and bill aren't able to work together after their divorce. >>> announcing a $15 billion donation from founder bringing total endowment to about $65 billion. >>> u.s. treasury taking a break from a rally yield on the ten year falling below 1.3% and hitting a 4 and a half low before recovering unwinding of short positions also. >>> blackrock staying underwielding treasuries world's largest asset manager out with a midyear investment outlook. and blackrock cutting yot look from u.s. stocks to neutral even though the s&p and nasdaq hit new heights this quarter. >>> and crossover blends competitive pricing and style. back to you. >>> china cracking down on big tech state cou

i'm carl quintanilla with deirdre bosa, jon fortt and julia boorstin looking to catch the next uber orulia's got more on that in a moment let'snews update with rahel solomon. >> the search for survivors from the surfside condo collapse was paused this morning over concerns of the stability of the section still standing the halt comes as president biden is in florida to meet with families of victims and thank first responders the death toll remains at 18 with 145 people still missing. >>> the decision could make it harder to challenge voting measures put in place by republican lawmakers following last year's election >>> weekly jobless claims falling more than expected to another 15-month low of 364,000. it is the seventh decline in eight weeks, though continuing claims rose slightly and we have a jobs report tomorrow >>> and shares of walgreens boots aliance dropping to a four month low despite beating sales and profit estimates and raising guidance the stock has trimmed some losses but is still the biggest loser in the s&p 500 you're now up to date. carl, back to you. >> rahel, thank

wall street estimates but revenue and global paid net subscriber editions we'll have more from julia boorstin in a bit. >>> a stark warning from the head of the world health organization today he says the world is in the early stages of yet another wave of covid-19 infections and deaths among other factors, he cites the vaccine and testing discrepancies between wealthy and low income countries >>> and a new study shows the johnson & johnson vaccine may be less effective against the delta variant than it is against the original covid virus study led by a doctor at nyu has not yet been peer reviewed or published in a scientific journal. the findings are contrary to smaller studies published by j&j earlier this month that showed the vaccine is effective against the delta variant. >> bertha, thank you very much for that. >>> let's get back over to the markets and your money as bertha mentioned, she's on team green wall street on team green, at least in the early trade futures all the way in the green. just under 200 points. all three indices up following the comeback yesterday joining us now, tif

julia boorstin has the latest from the social media stars. >> reporter: that's right, dom snap and twitterting better than expected results and guidance starting off with snap shares soared on the report of 10 cent per share gain the company added 3 million more daily active users a total of 13 million added in the quarter. it guided to faster revenue growth in the third quarter. 60% in user growth of 21%. the ceo evan spiegel says it is too soon to know the potential to target ads. he said they have seen the investment and spotlight and augmented reality pay off. >> augmented reality is different than the way we interact with computing today. i don't think it is a replacement, but exciting way to experience the world that is why we are investing on smartphones augmented reality and with wearables which is something we're excited about. >> reporter: shifting over to twitter. higher guidance in the third quarter. $1.22 billion. they expect head count along with total costs and expenses to grow 30% in the full year with revenue out pacing expenses. twitter cfo ned siegel says they will have

start with a pair of social climbers snap's call just getting under way and let's go straight to julia boorstin who has all of the details. julia? >> melissa, let's stat out with twitter with 74% growth and revenue and earnings per share more than double what analysts estimated and the user growth of 7 million was right in line with those expectations, but the company guided to higher revenue than projected and our range between 1.2 billion and 1.3 billion also saying that it expects head count along with total costs and expenses to grow 30% or more and that revenue will grow faster than those expenses >> i spoke to ned segal and he told me that twitter grew and in the coming quarter, he will have more features and geographies and business profiles which launched in april will start to be able to sell things starting in the next few quarters i asked him about the impact of apple limiting its ability to target adds and it is modest and too soon to say how it plays out over time and that they're happy so far >> meanwhile, snap's call just got under way and that stock up 14% and almost 15% after b

julia boorstin is watching the big moves in social stocks, and josh lipton has a look at intel's quarterly results. >> well, sara, this time it is the tech stocks under scrutiny, but the wider group listed here, they are certainly -- they're absolutely crushed in today's session, down between, wow, look at that 60% and 70%, this comes on news the chinese government may ask for-profit education companies to become nonprofits, even bar them from raising capital, why ed tech it's been a lucrative culture it's also raising costs for parents. it could be heard in one of beijing's top priorities, that is boosting a declining birthrate. check on the the larger chinese names. it appears there no end in sight. you have alibaba, j.d.com, and pin duo duo, and last time i looked -- there it is, add been to the already brutal sell-off this company has seen. now half its ipo price, and half that value back over to you. >> we're going to talk about the politics of this later on, and just what china is trying to do. far the stocks are trying to do, it's mar for u.s. investors to have some visibility into

it's time for rapid fire julia boorstin, bob pisani and nancy tabor.out after the bell investors are always watching the subscriber edition it's always a bellwether on where we are in the shutdown reopening trade. it added 26 million new subscribers but less than 1 million new users in the first quarter of this year they're expected to add only 1 million, julia stock is flat. what do you think the whisper is that are expectations pretty low, do you think? >> well, look. i think analysts are really hoping they will surpass the 1 million number that 1 million number is so low and it leaps forward also concerns about a saturated market the real question, kelly, is what they say about the second half of the year threat flicks hinted they expect growth to pick up in the second half of the year analysts are looking for specific guidance for third quarter subscriber growth. the number analysts are looking for is 5.5 million subscriber net editions that is the number i watch in terms of guidance. kelly, any commentary you might get from the commentary, especia

i'm carl quintanilla with jon fortt, deirdre bosa and julia boorstin the fragility of the tech rally. is a reset coming ahead of earnings apple is eating everyone's lunch, legendary venture capitalist vinod khosla will weigh in netflix won't chill, planning an expansion into video games, d. >> we'll start on markets. tech stocks continue to print record highs, but some are calling this a fragile bull market let's bring in mark santoli for more right as we're heading into earnings, some are arguing these stocks are priced for perfection and there is risk in that. >> you know, i think it depends where you want to look in terms of whether we're talking the very largest nasdaq stocks, which have had this great run and have carried the market for several weeks right now in which you have to say, yes, they look like they have kind of rebuilt that big valuation premium but they're not where they were late last summer in terms of dominating the overall market move and being aggressively values, even relative to the earnings contribution. so case by case the setup might be difficult because th

julia boorstin, thank you. guy, first off, comment on that. but think about it this way. you have a teenager who is playing, i don't know, fortnight or player battlegrounds and there is a billboard in the game for the new season of stranger things there are so many tie-ups that you could think of it is kind of cool i just don't know if it will matter for the stock. >> a lot to unravel. you asked that question about your predilection of gaming and you want to know because you want to know your love of fortnight is profound with that said. >> i'm more of a pub g guy -- >> are you >> thoughing around the lingo. >> ahead of earnings, this is ahead of earnings, there is clearly something amiss. maybe you'll not see the subscriber growth. i give thex the benefit of the growth and say they're getting into a vertical that makes sense. this stock has traded sideways since this time last year. 480 to 550 i say this is building a base but the naysayers say it is rolling over we'll find out on the 20th predisposed myself to think this takes the next leg higher. >> and nadine, predile

it could be longer, we'll see how that pans out. >> julia boorstin, sun valley, idaho, for us.edia companies to build out streaming, that that is where the valuation is accorded in the stock market >> no question about it. comcast new all-time highs, reasonable valuation, report at the end of the month people are clamoring for nbc sports they really seem to in this, i can't believe i'm saying it but in the sweet spot of things. so good for comcast and that's a name you want to continue to own. >> the streaming platform peacock is ad supported so slightly different from the others that depend on sub subscsubs subscsubs subscribers and what analysts like about the strategy, dan >> and pat rah mount plus over the cbs viacom and the one probably on the block, $28 billion market cap $42 billion enterprise value they are building out. when julia was saying the names of the streaming things my head is about to explode. i just want the shows. that's what cable did for you before so these all got unbundled, everyone is spending billions on doing this they get rebundled cool your jets an

i'm deirdre bosa with jon fortt and julia boorstin carl is off. today, one of the most compelling stocks in our coverage, why btig is so bullish about airbnb this morning. microsoft has a new street high today. why citi says its 30% upswing is still ahead for that stock and blizzard alleging culture of sexual harassment, the latest on that developing story. >>> also this hour, calls on snap, twitter and intel ahead of earnings tonight analysts are predicting a big drop for one of those names. we'll tell you which one in a moment >>> for now, let's start with that bullish call out of btig, taking airbnb up to a buy, price target of 170. the stock was over 200, but at sub 140, that's a different story. they argue the uncertainty around the delta variant creates an attractive entry point and that airbnb is better positioned than peers if people become wary of hotels and cruises again. the hang-up, though, for them, still valuation, even at this subtracted entry point. >> valuation compared to the travel industry. the otas, right, expedia and booking.

our julia boorstin with all the latest >>> crypto traders missed the volatility, where parents will beeir tax credit and miraseble musk it's ahead in rapid fire we're back in a moment oh, i've traveled all over the country. talking about saving with geico. but that's the important bit, innit? showing up, saying “hello! fancy a nice chat?” then we talk like two old friends about sticky buns and all the savings you could get by bundling your home and car insurance. but here's the real secret. eye contact. you feel that? we just had a moment. [chuckles] who would've thought it? geico. save even more when you bundle home and car insurance. let's catch you up on a few stories that should be on your radar. it's time for rapid fire we welcome kate ruinny and michael santoli. welcome everybody. we begin with things that seem relatively muted on the crypto front. trading activity fell sharply last month coin based kraken, bitcoin and buy stamp falls. this follows a record breaking may when bitcoin began retreating from the all time high there's so many different reasons why this could be happen

i'm deirdre bosa with jon fortt and julia boorstin jeff bezos speaks to cnbc, that happened moments ago, a rare interview as the richest man on earth returns from a historic flight to the edge of space. the investing landscape, that's coming up this hour. we'll talk some ibm after big blue posts its strongest revenue growth in three years. and the ceo of global boundaries is with us asking the same questions that we are about a deal with intel. julia? >> two more stocks we'll hit this hour. apple is reportedly investing money in its own original content and real estate to build out that content and netflix earnings are coming in just a few hours. jon? >> let's start with the market, coming off a sharp sell-off for stocks we're seeing a nice rally now. the dow is up 500 points as we wait for jeff bezos to reach the podium to talk about what happened with his trip let's see if yesterday's steep drop is seeing a bounce today or what mike santoli has got some answers. mike, we haven't made up the ground that the major indices lost, except maybe the nasdaq has. it kind of had the mildest day

julia boorstin has what it means.g back on khan. >> that's right, deirdra. >> facebook is seeking the recusal of lina khan judge rejected the ftc's previous complaint now with the deadline to file a new complaint coming up at the end of the month, facebook is arguing that khan, who has written extensively about how anti-trust laws should be applied to tech giants can't be impartial. facebook writing in its petition to the ftc, quote, when a new commissioner has already drawn factual and legal conclusions and deemed the target a lawbreaker, due process requires that individual to recuse herself from related matters when acting in the capacity of an ftc commissioner. facebook telling us in a statement, quote, that chair khan has consistently made well-documented statements about facebook and anti-trust matters that would lead any reasonable observer to conclude that she has prejudged the facebook anti-trust case brought by the ftc. we reached out to the ftc. they have no comment on facebook's filing and this filing, of

of minds, ned segal thank you so much for talking to us today. >> thank you for having me. >> julia boorstin. >> i think twitter is doing everything right i have said that for a while the stock has had fits and starts, i think it's going to continue the rally on earnings the 22nd they have a real opportunity there, not only to take over from clubhouse, but to monetize in a way they haven't been able to i think twitter is going to change that $80 level i believe it was on march 31st this year >> i found your question interesting about whatever the trend is, whatever the hot thing is, whether it's meme stock or crypto or whatever, it's happening on twitter that has always been the premise, this kind of global kind of meeting place or whatever, so to me, the scarcity of that, and then the ability of these new products that they're launching where a lot of people, let's say they're influencers or whatever, their social graph maps to it, do live audio, a micro casting platform, and spaces, whatever, there's a lot of interesting things going on there. to guy's point, the stock has rallied 50% in t

julia boorstin has more on the lawsuit that all of hollywood and wall street is watching.her salary in the statement. in an attempt to weaponize her success as if that were something she should be ashamed of remarkable the rhetoric going back and forth >> going back and forth between ca a and disney really accusation that disney is not handling this well one that a lot of people in the industry are talking about right now. i think, kaylieo carl, is he center of the debate is whether the interests of the studios and movie stars are not aligned now that the media giants are focused on growing streaming subscriber bases at issue is now sfoids nachgt meeting flexibility around distributing movies and talent secures fair compensation. sources tell me that before in lawsuit disney was starting to talk to talent about how it would give additional compensation for summer movies, including cruela and black widow. once the films neared the end of the theatrical runs. disney did not fully buy out the back end bonuses the way warner media did. warner paid talent about $$200 million in

earnings keep rolling in netflix is well off its after-hour lows after reporting a miss let's get to julia boorstinns did exceed their own guidance, but the company guidance in the third quarter, that was 2 million short of analysts' expectations. and signs of market saturation in its biggest market in the u.s. and canada. the company actually lost 430,000 subscribers between q1 and q2 now, the stock did initially drop, but it turned around now it's in the green. and it's likely thanks for the company explaining its plan for a new growth driver, and that is games. we view gaming as another new content category for us, similar to our expansion into original films, animation and unscripted tv games will be included in members' netflix subscription at no additional cost similar to films and series initially we'll be primarily focused on games now that they're dedicated to original programming, now is the time to try games. ted seranos. they don't view the growth as impacting right now, melissa >> gene munster of netflix you nitpicked on this quarter. >> nitpicked i think you really need to worry about

julia boorstin has the details. >> facebook shares dropping some 4% today, this after second quarterngs about slowing revenue growth is weighing on the stock. mark zuckerberg focusing his remarks on more opportunities ahead, as he looks to transform the company to focus on creators, commerce and the metaverse. the question is whether it would echo facebook's warnings about what's ahead or the bullishness we heard from snap and twitter, they both guided to better than expected third quarter results pin pinterest is projected to add 4 million monthly active users, this after last quarter user growth disappointed and the company warned about slowing growth ahead guys, that stock is down nearly 6% going into the close. >> julia boorstin, thank you steph, how much does the revenue warning about deceleration complicate the story it's been such a winner lately. >> it's not surprising, they just faced the easiest year-over-year, so 47% ad revenue growth is nothing to be upset about, and 56% revenue growth, it's still going to be impressive the problem is, sara, it's up 31%, it trades at 22 t

analysts are bullish 82% have a buy over wait rating on the stock back to you. >> thank you julia boorstinhe obvious, but 49% growth, 57% in alphabet when you take out currency. 21% at microsoft these are the biggest companies in the world growing at rates that i cannot remember on their top line granted year-over-year, some of the comparisons may be stronger given a year ago, period it's stunning. >> it's not like their revenues collapsed in 2020. it does tell you that the market did not have it wrong by just piling into these stocks during the pandemic and feeling as if they have these incredibly durable business models. always the question is what do you pay for it i mean, right now the nasdaq 100 etf is down slightly after hours with a huge bonanza of big results. it could change, it could flip >> tesla closed down today, even though last night it was up after hours and people were glowing about those results. >> i put tesla in the category of much more kind of the risk appetite, i want to buy the story, not last quarter's results. but it definitely did tell you that there was not an i

in the meantime a news alert on disney julia boorstin has details on that. >> scarlett johansson is suing disney, alleging her contract was breached when disney simultaneously released the film on theaters and disney plus. she says her salary was based on box office performance, "wall street journal" estimating that the simultaneous release could cost johansson some $50 million. now, disney just bresponding in statement, saying there's no merit to this filing the lawsuit is distressing in its callous disregard for the effects of the pained. disney has fully complied, and furthermore, the release has significantly enhanced her ability to earn additional compensation s the film grossed around $80 million at the u.s. box office, soot $78 million overseas, plus $60 million from home purchases opening weekend the box office then felt 68% in the second weekend, the biggest ever first to second week drop perhaps the adhome option cannibalized the box office option >>> if talent is compensationed more in line with streaming, in other words, then does that make that whole notion of a simultaneous

hire better, find the perfect match for the job. >> all right julia, thank you very much >>> julia boorstinn from last quarter but we are hoping things will pick up by q3. yeah...uh... doug? sorry about that. umm... what...its...um... you alright? [sigh] [ding] never settle with power e*trade. it has powerful, easy-to-use tools to help you find opportunities, 24/7 support when you need answers plus some of the lowest options and futures contract prices around. don't get mad. get e*trade and start trading today. >>> welcome back, everybody. pinterest posted earnings, showing a drop in users and a big miss in monthly active users as well. it did post strong revenue growth, but if you look at the survey that we mentioned earlier in the show, when asked which platforms they use the most, pinterest is listed as the least. thank goodness, core facebook was only about 15%, so i'm sure they're thanking their lucky stars they got their hands on instagram. tiktok really replacing things like snap, i believe in that survey it seems to be a phenomenon. who quite get it what, tiktok >> instagram only. >

learn a new skill or pick up a hobby masterclass gave you a chance to learn cooking from a chef, julia boorstin don't have to be a movie star or top chef to get paid to teach. this year, vcs will versus invested in the online education space. kajabi allows anyone to build and build, john connelly says the pandemic has accelerated this industry. >> if you look at, you know, what consumers are interested in and what they're willing to spend on, learning is toward the top of the list. people want to invest in themselves, find great content and find things to discover and kajabi is at the heart of that. >>> mighty networks is another network, enibles creators to share and community indicate with their community, and yoga teachers, and -- while the number running courses online more than doubled. maven, which helps bring together groups to teach realtime programs, so all of these companies and the investors backing them are betting that the pandemic has sparked a permanent shift in behavior, guys. >> julia, so many famous and amazing people on masterclass. i'm always tempted to click on it viv ever

valley, idaho, discovery ceo david sass zaslav said he intends to be a catalyst he spoke with julia boorstinrday. >> i think the talk of the week is the industry. i built a great company. jeff's doing a great job at univ universal. we're not done yet we're looking to get this deal done. >> speaking of deals, hello sunshine founded by actress reese witherspoon is reportedly exploring a sale according to the wall street journal. the company is behind productions like apple tv's morning show began exploring a sale the sources telling the journal the company could be valued at as much as $1 billion. >>> samsung expects a 53% rise in operating profits thanks to small demand from memory chips that offset weaker device sales. they are offering profit of about $11 billion a quarter that ended june 30th. samsung projecting revenue up 19% from the prior year. brian? >> seema mody, we'll see you in a few minutes. thank you very much. >>> the other hot topic is crypto and why it has been so weak over the last few weeks we're joined by mark fusco, ceo and chief investment officer at morgan creed capital

are often overturned in court even so, facebook is seeking the recusal of ftc chair lena khan julia boorstinto file an anti trust case against the media giant. khan replied how the law should be applied "when a new commissioner has already drawn factual and legal conclusions and deemed the target a lawbreaker, due process requires that individual to recuse herself from related matters when acting in the capacity of an ftc commissioner." the fc has no comment on this and this comes about two weeks after amazon, which faces multiple ftc investigations filed a similar petition guys >> julia boorstin, thank you very much. interesting strategy the giants trying to recuse lena khan from the cases. they're scared of her. >> certainly they don't want her driving this aggressive push but also these are massive businesses and underearn if anything, they have billions behind to make their case. it's difficult to stick in court with the long haul [ cheers ] it's like get huge fast. >> the noise is the wheels up crowd i think. >> it's not for us >> no, it could be but i think, mike, it's the market inter

year but it has pulled back recently falling 7% and now questions about the delta variant's risk julia boorstin> reporter: thanks so much, bill and, ceo of live nation, thank you so much for talking to us here today in sun valley your stock has gone way up in the past year on anticipation of the world reopening. you had a full capacity concert in madison square garden, a sign concerts are back. how concerned are you about the delta variant slowing this reopening? >> we're very excited about the american market. those two markets seem on track. in america we're fully open at this point we have 30 amphitheater tours starting this week across the country. full capacity. miami 200,000 people about 10, 15 festivals on sale that will happen this summer we're wildly excited the u.s., the uk is on plan. we'll be in business we always expected asia to be a '22 business they're behind on vaccines we think europe comes together late, probably a fall business the big win this summer if we could get the u.s. and the uk back to business by july that was the big win and that's happening. >> reporter: you've h

in sun valley, m and a, session lagz and cybersecurity just a few of the many topics in focus julia boorstinnbc interview. julia, take it away. thanks very much, reid hoffman, legendary investor, thank you for joining us here today. >> my pleasure and honor >> you are a close watcher for the technology industry and you've invested in so many different segments your fund has invested in cybersecurity and you've invested in bitcoin and all of these different areas and you've invested in the flying car business what are the technology trends that people will be talking about here this week that you think are most important for us to know about as we enter this new more open world post-covid >> i think the amazing thing is how many trends they'll be talking about. so a.i., we've been seeing, it will be refvolutionizing every industry and it's hitting autonomous vehicles and the whole a.i. effort and there's a whole bunch of stuff in crypto when i started in crypto i thought there would be three to five cryptocurrencies and not 100+ and it's almost like a nasdaq of crypt on currencies which is bi

speaking of disrupters, julia boorstin joins us this morning with the ceo hey, julia >> good morningo you, carl and that's right, we're joined by jennifer witz, ceo of sirius xm thank you for talking to us this morning. >> thank you for having me, julia. >> so, jennifer, the company beat expectations on the top and bottom line, but what really seems to be driving the stock higher this morning is raising the full year guidance ahead of expectations but there is still so many questions, how sustainable is this subscriber growth you've seen and the advertising growth you've seen when we're in a period of so much uncertainty? >> well, first, we're very pleased with our results this quarter. revenue grew 15%, ebitda was up 14% to a record $700 million and our performance across all our metrics really positions us well for growth going forward, and it is reflected in our increased guidance across the board. there is really three areas that, you know, have trended very well, and resulted in not increasing our guidance. the first is the strength in auto sales and we had really strong records

they're in sun valley, idaho, talking business and planting the seeds of the next blockbuster deal julia boorstinere with a major player in the entertainment industries i am joined by casey wasserman who is a media, sports and music company. more recently music and also chair of l.a. 2028 we'll have the olympics in los angeles. i want to start with the olympics and it's the center of so much cultural conversation right now. you've been pushing for them to change the rules about protests on the podium. there's this conversation about the banning of sha'carri richardson, what are the olympics going to be like this year >> first of all, i'm excited despite unimaginable circumstances that tokyo 2020 is going to happen this summer, and i think it's going to be an extraordinary event and obviously not going to be as enjoyed as normal olympics and it's a remarkable thing to bring the world together and beginning to see the world come back together so it's exciting. there are a lot of rules and a lot of sports and rules aren't meant to be static and whether it was rule 50 whether it is about non-politica

i'm carl quintanilla along with jon fortt and deirdre bosa and julia boorstin interesting comments on ad market first a news update. >> hey there, carl what's happening at this hour. boeing leading dow industrials following strong results from defense units. the company shelving planes to cut about 10,000 jobs. instead the ceo says boeing is getting ready for rising demand. >> it was a great quarter. we are in a transition year. we've talked about that. this is indicative of that transition nowhere near where we want to be when we get a full rovy, but clearly on a good path to get there. >> and mcdonald's posting strong q2 results from a crispy chicken sandwich and growing digital sales. today mcdonald's is biggest loser in the dow fast-food giant noting higher wages and improved benefits. >>> the parent company of coach and kate spade raising minimum wage paying at least $15 per hour boosting retail jobs. >>> carl, the latest, back to you. >> thanks. >>> a gut check. this price will take you all the way back to january 12 lisa su join ed us earlier on those rates. >> a very strong de

i'm deirdre bosa with julia boorstin and joanna. going to get to apple's remote work policy, but first, time for a news update with seema modi >> retail sales posting a surprise 0.6% gain in june the growth rate doubled. at the same time, consumer sentiment fell in july, driven in part by rising inflation concerns bond yields initially rose after the retail sales report, but have since fallen. questions about the strength of the economic recovery. higher inflation is unlikely to last >> i think we will have several more months of rapid inflation, so i'm not saying that this is a one-month phenomenon, but i think over the medium term, we'll see inflation decline back toward normal levels but of course, we have to keep a careful eye on it. >> and let's turn now to china the crackdown continues for stocks like didi, and new today, officials from seven chinese government departments visited didi's offices to conduct its probe of the company the biden administration warning that u.s. companies operating in hong kong could also be at risk

cnbc's julia boorstin on what this could mean for the future of streaming movie releases. >> shep, couldto take a new approach to negotiating with top talent. now that films don't always go exclusively to theertsz as they used to. scarlett johansson saying diz frieh breached her contract guaranteed an exclusive theatrical release and her salary based on the film's box office performance "black widow" grossed $80 million, the u.s. box opening weekend and another $78 million overseas plus $60 million from a at-home purchases. scarlett joe hances says it was because the home option cannibalized ticket sales. >> no question a theatrical first release, exclusive theatrical release, generally has the best chance for success for bringing in those big dollars around the world >> johansson's attorney saying, "it's no secret disney many releasing films like "black widow" directly on disney plus to increase subscribers and thereby boost the company's stock price. but disney countering saying, "no merit whatsoever to this filing the lawsuit is sad and diz stressing and callous disregard to the globa

. >>> female founders fund kwlus includes heavy hitters julia boorstin has more. >> female founders fundd at $57 million, the biggest ever seed fund focused just on female entrepreneurs. this fund was oversubscribed with investors including goldman sa sachs, and 23 me ceo. these investors were drawn to the receive of the first two funds. the focus on female entrepreneurs. >> i think some of the newer themes post covid, so one would be looking at workplace efficiency tools in this post -- somewhat post covid hybrid world where you're looking at a combination of work from home and return to office what are different platforms and tools that can make that experience more seamless >> now, founding partner anu is focused on the categories she seized growing she's looking at healthcare, education, online community and climate change and as well as hybrid work. and now she's also looking at some of the ways that female investors might be an untapped opportunity. >> we believe that founders that are successful are building oftentimes products or solutions that speak to their lived experiences. s

is a big word eamon, thank you >>> now a news alert on disney with scarlett johansson involved julia boorstin this story. >> kelly, scarlett johansson, the star of disney's latest marvel movie "black widow" filed a lawsuit today in los angeles superior court against disney. this according to a report in "the wall street journal." this lawsuit alleging that her contract was breached when the film that she just starred in "black widow" was released simultaneously on disney plus for an additional fee as it was released theatrically. her deal guaranteed an exclusive theatrical release and her salary based on the box office performance of the film. so this really raises a lot of questions about the new simultaneous streaming strategy, the shortening windows we've seen a lot of studios take really interesting to see how this plays out we have reached out to disney for comment. we have not heard back yet but kelly, this is really a moment where the whole movie industry is re-evaluating how they'll be making deals with talent and how they'll be releasing films >> fascinating i'd love to know if she r

phil, thank you very much >>> shares of disney are also on the move right now let's bring in julia boorstinsney shares are moving lower on a report in the information that says that disney plus u.s. growth slowed sharply in the first half of 2021 this report citing internal data just want to look at disney shares down about 1% this report says that disney plus had a little bit more than 110 million total subscribers late in disney's third fiscal quarter. that's up from 104 million that the company reported for the quarter ending april 3rd so, this is on a report, and they do say in this information report that most of the grow was in india and latin america and that's where the service has more recently rolled out so, we have not heard back from disney on this we reached out to them for comment. disney does report its official numbers and quarterly results, which are due out at the beginning of august. back to you. >> julia boorsen with the disney news let's get to rahel solomon >>> we begin in nashville where a black family is outraged over a police officer plea deal the police officer is

i'm deirdre bosa with carl quintanilla, jon fortt and julia boorstin this hour, robinhood goes public we're live at the nasdaq with every angle on that ipo. latest indications there, 39.25, priced at 38 bucks early investor jason calicanis weighs in. and scott sandell joins us as well and comcast chairman and ceo brian roberts is here as is qualcomm's ceo cristiano amon. and we'll talk about the fraud charges against ceo trevor milton facebook, didi, amazon, in what is an absolutely packed hour, jon. i don't know hour we're going to get through it all it will be fast, it will be quick, but there will be a lot to get through >> yes, we will get it all done, robinhood, though, is where we will start leslie picker is at the nasdaq with the latest there. leslie >> we're starting to get some indications coming in, still $39.25 at this point in time that implies about a 3% gain from where the company priced its shares last night at $38 a piece. it is something that we will be watching closely today because as the indications have been coming in, they have trended downward, first one came in

julia boorstin, thank you for that >>> key data to watch tomorrow, cgi at 12:00 p.m we'll hear from bankkathy wood right here on the show tomorrow i can't wait mike, a pretty good day to tee off, and more importantly, from the fed chair. >> remember, it's the house. he's going to have a lot of questions that have nothing to do with -- there is even reporting the white house getting a little bit nervous about the fact you have higher prices at the consumer level obviously he's going to try to defer any sense that there is urgency about moving policy in any direction, but we'll see how the market takes it, because at this point you have not just what he says but the numbers of a few months to play against it. >> were you surprised the market didn't rally more today given the fact the move could be transitory and lower which is beneficial for stocks lately >> i would say it didn't rally on the mix of bond and stock market values. meaning, look, we've known these factors were in the mix for months economists made their estimates based on those factors and the numbers came ahead of all those

let's get to julia boorstin who has been digging through the numbers. >> well, wilf, they added slight that region of u.s. and canada. saying that this is similar to what happened in the second quarter of 2019, afternoon which growth accelerated guidance was 2 million short of analyst expectations. >> julia, thanks so much >> you have a buy rating on the stock, and then alex sherman is here as well what's your take on these numbers? you've been. >> yeah, good afternoon. there's no question, where, you know, soft, and doing a lot of the heavy lift, we would have liked to have seen much more dispersion julia was making a point about saturation we couldn't agree more but on the other hand, i think there's positive d. the pricing power is still down, and also the fact that both engagement and retention are still above prepandemic levels while we think there's no question, is taking ahold, there's netflix we think is doing its and so we're not, by any means calling a new normal here we still things start to normalize even more. and thence of that name. as far as video games, that's one area

. ♪ >>> we have some news on social media and vaccine misinformation julia boorstin has the details >: wilf, president biden slamming the social media platforms. peter alexander asked the president -- >> >> look, the only pandemic we have is among the unvaccinated, and they're killing people >> re >> reporter: facebook says we have partnered with experts to take aggressive action so far we've moved more than 18 million pieces, and connected more than 2 billion people for libel information across our ap apps -- to reliable information across our apps. >>> the delta vane coriant cont to spread. the white house saying nearly all of the new covid cases are affecting those unvaccinated, with one in five cases occurring in florida dr. scott gottlieb, always good to have you. thank you for joining us >> thanks a lot. >> obviously delta is top of mind for everyone. we're wondering what kind of impact this will have. my question is on the breakthrough cases we're hear more anecdotes about it it's starting to show up a bit in the data. do we know anything about the breakthrough cases that is, p

. >>> activision blizzard outperforming its peers so far let's send it over to julia boorstin she's joinedin an exclusive interview. >> courtney, thanks so much. bobby kotick, thank you so much for joining us here today. bobby, your stock's up about 16% in the past year, but pretty much flat year-to-date what do you expect for the reopening? >> thank you for having me we've been very fortunate. we have a very distributed development model at the company. when we had to move to work from home, we were able to do it relatively easily. at lot of our employees are back in the offices in places like shanghai and in seoul. in september, all of our offices should be open, but we're fortunate. we have the ability to have a flexible work model. what about game play you've been visiting in a lot of mobile how important will that be to the future of your business, especially as people get out of their homes more >> the bulk of our revenues today come from pc and from mobile mobile is the great growth opportunity. if you think about the history of games, more people play on the past 25 years on consol

julia boorstin, who is there so far?er: well, no. it's actually a smaller conference this year, more intimate but the biggest names are here, the ceo and the investors are just starting to arrive and we've gotten big media news i just spoke with discovery ceo david zaslav despite the fact he completed the big merger with warnermedia, he's planning on more big deals and talking to cnbc's parent company brian roberts and nbc universal ceo jeff shell and is looking forward to talking to them take a listen. >> i think the talk of the week is going to be the industry is probably going to start to consolidate. brian built a great company, jeff is doing a great job at universal so we're not done yet. you know, we're looking to get this deal done >> reporter: roberts and schell arrived today just as their company made some news a further commitme to peacock. they announced they will be putting universal films on peacock four months after they're in theaters, this replaces a deal putting films on hbo eight months after they hit t

. >>> so a war of words between disney and scarlet sjohanneson shows no signs of slowing down julia boorstin's main focus is the sub zriesh base and the stars and studio interest are no longer aligned. sources say be every this lawsuit, disney was starting to talk to talent about giving additional compensation for summer movies, including cru ella and black widow, once the films were nearing the end of their theatrical run warper media paid additional $200 million to talent as a back-end bonus to compensate for hbomax disney did not buy out the back-end payments to its stars now scarlet johanneson's suit alleges disney isn't adequately compensating her for the value she brings to all of disney plus disney says the lawsuit has no merit and has quote callous disregard for the effect of the pandemic johanneson's agent striking back saying, quote, disney's direct attack on her character and all else they implied is beneath the company that many of us in the creative community have worked with successfully for decades. one thing is for sure, source are telling me we should expect studios to incre

friday attacking facebook over the social media giant's handling of the vaccine misinformation julia boorstind calling on the administration to stop finger-pointing facebook's vp of integrity writing in that blog that facebook is not the reason that the administration missed its goal of vaccinating 70% of americans by july 4th. facebook saying vaccine hesitancy among users ha declined with vaccine acceptance among us users the social platform growing from 70% in january to 85% saying they have been vaccinated or want to be vaccinated. facebook explaining how they have been playing defense, pulling down a total of 18 million instances of covid misinformation they have also labeled and reduced the visibility more than 167 pieces of covid content debunked by their fact-checking partners, saying they have been playing offense. providing a vaccine finder tool, which 3.3 million americans have used to find and make an appointment. and theplatform has been directing people to information that more than 2 billion people around the world have viewed about the pandemic as well as the vaccines since the

. >>> we have a news alert on disney julia boorstin with the details. >>> scott, disney is increasing plus by $1 a month. starting on august 13 espn plus will cost annually $69.99 per year, $10 more than it used to be now one thing there's no change to the disney bundle so if you're getting espn plus, hulu and disney plus you're not going to be paying more though the cost of espn plus has gone up the company saying the value proposition is stronger noting that they have more rights deals for live sports with the nhl, soccer, et cetera, going on to share one of the reasons the cost has gone up is original programming and they note that espn plus has reached nearly 14 million subscribers as of the last earnings report in april. we will get more updated numbers on the espn plus subscriber base >> the stock trading near the highs of the session it was already higher all day long adding about 50 points to the dow following "black widow's" debut the best performing film of the pandemic now raking in $80 million in the domestic box office and $60 million from disney plus. jpmorgan reaffirmin

here's what he said to julia boorstin who's there yesterday. >> i think the talk of the week is going to be that the industry is probably striking it solid. brian's built a great company. jeff's doing a great job with universal so we're not done yet. you know, we're looking to get this deal done and then we're going to see >> well, we have vestberg on later. we'll talk about media deal making throughout the morning including our interview with hans vestberg at 8:00. if you're david making nice with comcast. >> yeah. he wants to talk to jeff shell and brian roberts. you're thinking, he's still getting approval for his own merger this is pretty interesting he's still on the prowl. >> the scuttlebutt was that brian -- if it wasn't fo last w about to do something, stock immediately drops. they coveted discovery. >> oh, yeah. >> totally some people -- david is smart. if anyone can pull it off, he can. people are saying the dog chasing the bus, catches it, okay, i've got it. now what do i do with it reese witherspoon, i have been in her presence at a function. >> how did you feel in her pre

on it and so to me i'm kind of pretty positive >> talk about a fly speck, we were talking to julia boorstinwth >> it was interesting to watch as the conference call went on and was going down, down, down, and then they start talking about gaming like it's a magic elixir, more interactive i just say i'm not in the moffett nathanson camp i know that david's going to interview michael nathanson. my problem is this they did pull forward, okay, they did have some churn, although not that bad. you're back in this world where they've got to deliver really great stuff in this world where there's so many things to watch. reid has always said don't worry about it it. everybody loves streaming, i don't know, i mean, i love streaming, but i also don't see a reason why i got to run out and buy the stock. don't have a reason to buy the stock, don't have a reason to sell the stock that's not good enough. >> does it change your perception of the other streamers, of the model at all there is a sense there's sort of a finite group of people who are going to buy this stuff? >> i think it's a great question th

. >>> let's stick with tech regulation and for that we'll go to julia boorstin, she has new commentss morning. he told me he had seen the news about the executive order on antitrust and he thinks that it is a good thing. >> i've felt for years that as these companies grow larger and larger and are monopolies, they have to have regulation. and i think that is healthy. >> now, of course diller's expedia and as well as parts of his iac have competed with google in the past also match which he objwns a pic of has to pay a fee to apple and so certainly will be interesting to see how this plays out. back over to you >> although i remember he benefited as well, that live nation deal when they brought all those together, he benefited from last antitrust enforcement some would say julia, thank you from beautiful sun valley >>> let's ten with discussion with brad. as technology investor, somebody whose top holdings include some of the biggest names out there such as microsoft and alphabet, what are your thoughts -- and amazon, what are your thoughts on if you rfurther consolidatio further regu

netflix, shares rnd pressure after weaker than expected subscriber growth forecast julia boorstin withuidance but the outlook for third quarter subscriber growth fell far short of expectations. that putting pressure on the stock driving it down about 3.5% today. but the co-ceos talked on the call about potential in offering games to improve the value of the subscription they also said that media consolidation has not had a negative impact on the success of their business. >> these are all the same players we've been competing with from the beginning. just through different channels. so i think in general that doesn't change in terms of what the offering is. and in terms of access to that offering, netflix because of the size of our distribution platform and our ability to connect creators with a big audience has always been a big help >> more than three quarters of analysts have a buy or overrate on netflix the new content that is set to launch in the fourth quarter as a key catalyst wilf >> jeweulia, we have a news alet >> the republicans ps blocked an attempt to move forward on the b

i'm deirdre bosa with jon fortt and julia boorstin carl is off. new street high today. why citi says its 30% upswing is

i'm carl quintanilla with jon fortt, deirdre bosa and julia boorstin the fragility of the tech rally.le is eating everyone's lunch, legendary venture capitalist vinod