i'm jon fortt with julia boorstin, joe kernen and deirdre bosa are off one long-term bear turning aroundind of. joining us and are tiktok adds a better value than facebook? that analyst as well later a monster partnership between google cloud and c 3 c3.ai. up today hear from both ceos this hour in a cnbc exclusive interview. >>> we start with apple. that's an all-time high. next guest just raised rating price target on the company citing growth in the u.s., rising market share globally joining us, the analyst behind that call. long-term bear on the stock, and also today we got news from apple that this promised capability to store an i.d. on the phone in a way similar to apple pay, but with, say, a state-issued driver's license is beginning to roll out. eight states have agreed, at least to do that is apple's ecosystem and the durability of that part of the reason for your call here? >> no. i think the ecosystem is easily well established, jon. i feel like adding another element to that doesn't really change our thesis. i am hopeful that adding more of a wallet replacement type features

i'm carl quintanilla with julia boorstin tech continues to see a rough september.everal cloud stocks are leading this morning's rebound it is no play day for facebook on capitol hill today. live updates as an executive testifies on the alleged toxicity of instagram. and later, you know john's not a surface-level kind of guy. we've we're live at microsoft headquarters talking about hardware and the supply chain. our feed, though, is going to begin with facebook this morning, sharing its own heavily annotated version of two internal research reports that try to downplay any mental harm that apps like instagram have had on teens and children. the journal has been publishing a series of articles that allege facebook knew of the negative impact on young people and especially young girls and unnerving language, including the phrase "leveraging play dates," which caused a bit of twitter beef last night between "the new york times" and the policy director. when facebook dropped its kids project. today the senate gets facebook's global head of safety and testimony happening

i'm carl quintanilla with jon fortt and julia boorstin today california day dreaming.a exactly did we learn from apple's highly anticipated product event? and microsoft announces that massive dividend hike. how that compares to its other big tech cares and how to play it later on, a major milestone for elon musk in spacex, morgan just saying live at the kennedy space center this hour. julia? >> let's start with apple. investors continue to digest its product announcements. the headliner, iphone 13 improved battery display a new ipad, faster processing speeds and ultrawide front-facing camera along the new range of apple fitness features with the apple watch series 7 no word on new mac books, airbods, new apple tv. investors seem to weigh how these products announcements could be playing out the stock is under pressure this morning, following announcements and again now down about .6% so, jon, how meaningful is it they did not hike prices on the iphones? >> i think really meaningful, julia. i think probably a lot of investors who maybe aren't zeroed in on the most impor

i'm carl quintanilla with jon fortt and julia boorstin coming up this hour strange comments out of instagramn the dangers of social media. it'll get an explanation of that backlash coming up plus, mark cuban wants to make crypto a little less anonymous his take on why regulation built around existing fraud laws makes sense. later on elon musk kisses up to china. morgan stanley's adam jonas weighs in on tesla's prospects jon? >>> we'll start with stocks on the nasdaq coming off its first up day in six still closing in on another record despite the recent weakness although all five faang names and microsoft in the red today dom chu taking a look at those stocks that have not followed the rest and are going the other way flirting with their 52-week lows >> jon, because not all of those technology stocks outside the real mega cap names have participated in the recent rally, at least in the last six months or so we wanted to take a look at some of the bottom feeding type stocks that have not participated but might still have upside potential. the reason why is if you look at the technology sector

i'm joe kernen with jon fortt and julia boorstin coming up on the show today, storytime. coinbase calls the s.e.c. sketchy receiving a wells notice over their lend program. >>> plus paypal pays now more on their $2.7 billion in the buy now pay later space. >>> and then california streamin'. apple announcing new products unveiled next week and we have what to expect julia? >> and shares of coinbase moving lower this morning after the company received a wells notice from the s.e.c. over a product called coinbase lend lending crypto assets. now those plans have been put on hold until at least october. coinbase says they are caught off guard by the s.e.c.'s actions. ceo brian armstrong tweeting the s.e.c. refused to meet with him in may during a trip to washington, d.c. saying they weren't meeting with any crypto companies at all direct listing price up less than 5%. going public, since going public in april what do you make of armstrong taking a relatively aggressive stance and will lend be able to launch at all? >> julia, in a way makes sense to take an aggressive stance, b

i'm carl quintanilla with jon fortt and julia boorstin what a show. a huge hour coming up on "techcheck" today, the latest on microsoft's dive into hybrid work, and exclusive interview with ceo satya nadella, alongside linkedin ceo ryan roslansky. then hear from verizon's hans vestberg and the commissioner of the nfl roger goodell as a new football season gets under way tonight and that's not all we also have the ceo of work from home winner logitech as the company looks to go carbon neutral by 2030, a big hour ahead. don't go anywhere. jon? >> we'll start with microsoft, focusing on demand for hybrid work with a slew of new features announced today for office and link linkedin ai camera driven software, outlook rsv details and power point feature allowing users to layer teams video into the experience for live presentations. and microsoft's linklinkedin is leaning in, to find out whether a role is in person, remote, or hybrid while microsoft itself is giving up trying to predict exactly when its workers will be back in offices, but i started by askin

i'm carl keenquintanilla with jn fortt and julia boorstin goldman is out with the best internet ideas we'll break down the bull and bear calls later this hour and, jon is in seattle at amazon headquarters ahead of his major exclusive with amazon ceo andy jassy tomorrow julia? >> well, we'll start with epic games and apple. we told you on friday, a california judge ruled in favor of apple and every charge except one. saying that apple wasn't unfairly monopolizing the app space with in app purchasing systems. but at the same time, ordering the company to remove its anti-steering rules that banned developers from telling users about alternatives to apple's in app payment systems. epic games has already filed an appeal they were ordered to pay damages to apple for violating their developer agreement. while apple called the judgment a, quote, resounding victory so, jon, no word yet from apple if they plan to appeal any part of this. but i do think now that the attention is going to shift to capitol hill, we got some bipartisan comments on friday, you know, from a lot of commentary this is

i'm jon fortt with julia boorstin deirdre and carl have the morning off. coming up today, apple's app store concession how pressure coming from overseas is changing the rules for all developers plus, alphabet stock at another all time high. listen up, new numbers out of youtube music could be the sound of the next growth driver. and then tips for tweets will users pay for access to their favorite follows and we'll start with apple, a series of lawsuits and regulatory challenges around the world changing the way apple runs its app store new last night as part of the settlement with the japanese regulatory probe going on for five years, apple says developers of readers apps, including newspapers, books, audio music and video, are not going to be able to include links within their apps for customers to sign up for paid accounts big caveat here, netflix and spotify do seem to fall into that category, but gaming and in app purchases, which account for about 90% of app store revenue do not this, of course, follows south korean legislation that ensures google and

julia boorstin, gina sanchez, thank you both >>> vietnam was once considered the savior for u.s.n alternative to producing in china. after the break, we'll look at why companies may be trying to look beyond vietnam to solve their supply woahs we're back in a moment when you have an irregular heartbeat, it's more. it's dignity. the freedom to go where you want, knowing your doctor can watch over your heart. ♪♪ it's a thirteen-hour flight, that's not a weekend trip. fifteen minutes until we board. oh yeah, we gotta take off. you downloaded the td ameritrade mobile app so you can quickly check the markets? yeah, actually i'm taking one last look at my dashboard before we board. excellent. and you have thinkorswim mobile- -so i can finish analyzing the risk on this position. you two are all set. have a great flight. thanks. we'll see ya. ah, they're getting so smart. choose the app that fits your investing style. ♪♪ >>> many big companies with manufacturing facilities in china have moved those to vietnam. what was once seen as a haven has turned into more of a nightmare lately lauren

. >>> elon musk making headlines at the code conference julia boorstin has the latest. crypto, huh, julia? >> reporter: yes, melissa. that's right gary againsgentzler was talkingt regulating crypto. musk said he thinks nothing should be done he talked about how he's familiar with money systems, obviously came from paypal, he thinks this is an area better unregulated. on china not concerned about u.s./china relations he thinks the way chinese government treats entrepreneurs will get better in time. it's damaged by having in-person meetings during the pandemic and talking about space travel, he's glad bezos and richard branson are investing in space travel but makes it clear orbital space travel is much more complex and expensive but saying he himself doesn't need to go to space. this is more about him creating an interplanetary species. >> thank you, julia boorstin, from the code conference dan, leave it to elon musk to talk to these species, interg intergalactic. >> if you expect to be excitable he's pretty chill. he has one of the things the guy probably wears at home

julia boorstin is here with that details. >> hi courtney disney announcing exclusive windows for theest of their films for 2021 five films come out, those includes marvel and steven spielberg. plus, this speaks to the success of the theatrical released of marvel of "sang-chi" which came out. it grossed $162 million worldwide. >> today's announcement shows a shift? strategy after disney simultaneously released "black widow" as well as "cruella." disney's chairman and media and entertainment, he says as conf movie goers continue to improve, we look forward for it. >> that was a record for "sang-chi" and disney was paying attention to that. >> as you point out the number, yes, it was. thank you very much. if you think this announcement is a big win for disney, tony has a way to play it how are you playing the way of mouse? >> i am looking at reopening and restreaming on disney. let's take a look at the chart here on the stock itself the stock struggles since pretty much march i think now is a time for potential break out here now that it has been forming this base the last four months.

julia boorstin is here with the details. hi, julia. >> hi, courtney, disney announcing exclusive thee at windows for the rest of its films in 2021, with 45-day windows for five films that are coming out between october and december those films include marvel's eternals as well as west side story. that's from steven spielberg they're also giving a 30-day exclusive theatrical window for animated film in kanto, which is coming out in november before those films are available on disney plus. now, this change speaks to the success of the exclusive theatrical release of marvel's sche shang chi which came out exclusively in theaters over the weekend. that film grossing $94 million over the holiday weekend it's now grossed $162 million worldwide. >> today's announcement also shows a shift in strategy after disney simultaneously released "black widow" as well as "cruella" on disney plus and theaters it was that release that sparked the lawsuit from scarlett johansson over his kcompensation for those films. disney's chairman of media a

let's get to julia boorstin who has broad com's earnings that have just crossed. >> broadcom beatingttom line and reporting higher guidance than anticipated that stock is up just a tiny fraction right now, but adjusted earnings beating estimates of of.88. >> revenue just a hair ahead of estimates. and fourth quarter revenue guidance of 7.35 billion ahead ahead of the $7.23 billion stilted. in the press release, the ceo says they project to have the momentum go into the fourth quarter guys, back over to you. >> shares of broadcom flat right now on the heels of this report. julia boorstin, thank you. >>> we had a news alert on reddit >> morgan, reddit, best known for its messaging board, is reported looking to go public. according to sources, reddit is speak to go higher advisers. latest valuation around $10 billion in the private market. reddit is by no means a young company. just in the last 12 months it's become a bigger focus given the use of the messaging platforms by retail traders to discuss a lot of the meme stocks, but again according to the report, reddit look to go go public

julia boorstin with the details on why >> at goldman sachs media conference happening today disney ceo just now sent disney shares tumbling saying while they expect to hit the long term targets for streaming subscriber numbers that groetd will be choppy he said the fiscal fourth quarter paid subscriber numbers will exceed by millions and warning of more noise than wall street expects he noted that there will be delta driven production delays which will result in less new product on the streaming service. he was bullish on other areas on the theme parks saying quote that they like the recovery and noting that bookings at the domestic parks increased from the fiscal third to fourth quarter and cruise ship bookings have momentum. he also said that they're interested in the opportunity around sports betting so that is an area to watch and the stock down 3.3% on that warning of streaming subscriber choppiness. back to you. >> julia, thank you. one to watch for the rest of the semester and the quarter down 3% stocks more broadly rebounding today following the selloff on the debt crisis. ever

let's get to julia boorstin with the details. >> netflix announcing that tadum event on saturday drewllion viewers, generating 300 million views on social media. this as it was said monday at the code conference, that the streaming giant want to invest more in content and in games last night the company announced the first big game acquisition, buying developer night school, known for narrative titles such as oxenfree. netflix also rolled out five mobile gaming titles in? european markets stifel is saying this is a natural extension of the large original content, saying they, quote, view gaming an incremental medium i also spoke to warner media's ceo jason kyler at the code conference he told me gaming would also be a big part of their future, and he didn't rule out including games in hbomax. >> interesting, because i think it was a year ago that netflix said something to the effect of it's a competition for eyeballs. we don't think it's competition for streamers, but anything that takes you away from gaming, now they're going more heavily into this remember, he also said the main com

to julia boorstin to explain it all. hi, julia. >> reporter: texas governor greg abbott defending the state's restrictive abortion laws in an interview on "squawk on the street" this morning pointed to support for the state's poll tis from elon musk who moved to texas. take a listen. >> whether it be elon musk, who i talk to frequently, elon had to get out of california because part of the social policies and elon consistently tells me he likes the social policies in the state of texas >> reporter: but elon musk responded on twitter saying, quote, in general i believe the government should rarely impose its will on the people and when doing so should aspire to maximize their cumulative happiness. it sounds like musk does not agree with the law or governor abbott but does in the want to say it directly. >>> coming up, a 20% gain for the s&p 500 has made a lot of active traders feel pretty smart this year. we'll dive into that lands' end has had a great start to the year up 45% supply chain issues become a threat to earning

i'm carl quintanilla with julia boorstin tech continues to see a rough september.ud stocks are leading this morning's rebound it is no play day for facebook on capitol hil

julia boorstin >> reporter: twitter announcing super follows, this is a new way for people to earn money by charging subscribers for exclusive content. twitter is saying people can create an extra level of conversation, share bonus tweets and behind-the-scenes content to interact with their most engaged followers. now they expect this to be used by a range of types of different people -- musicians, writers, comedians and more and they say you'll be able to set a monthly subscription of $3, $5 or $9 a month to be able to monetize that additional content. it's worth noting this follows the launch of ticketed spaces. this is now the third way twitter is trying to offer opportunities to make money on the platform, so, kelly and tyler, all part of the growing creator of economy >> do you have to have a large number of followers in order to start offering these subscription services? >> reporter: well, it's unclear what the criteria will be for being able to offer this but it seems like the question is less how many followers you have and whether those followers are willing to pay money someon

training is virtual a lot of money is flowing into startups that are transforming the industry julia boorstinext frontier. >>> new high-tech sports startups embracing augmented and virtual reality to train athletes vc investing $91 million into sports technology companies and $185 million last year up from just $28 million in 2019 status pro combines ar, vr and player data to create training programs it raised over $5 million from investors including the 49ers and verizon's venture arms former nfl pro andrew hawkins and troy jones seiko inay covidr half a dozen and more. >> i don't have my guys in place. what can we use to help solve that problem and then be prepared in the event something like this happens again? >> we understand exactly what it's like being on the field so we feel like with that data point of real-life experience mixed with what we know about the technology, we've been able to take the technology and baseline and apply it in a completely different way >> reporter: another example sky tech sport is a skiing and snowboarding simulator to both train athletes and to teach begin

i mentioned these calls on mega cap tech, we do have some news from one of them facebook, julia boorstin with that, julia, what do you have for us >> well, today facebook is under veiling its smart glasses that have been in the works for two years since it partnered with eye wear giant luxotica. they're called ray-ban stories, they're just a hair heavier than ray-bans you can use voice control to take aphoto or record up to 30 seconds of video there is an l.e.d. that blinks and a sound to warn those around me that i am recording then you can download the content you've captured to an app and then share it on facebook or an instagram or keep it on your phone now, here is the surprise with these glasses. there are speakers in the side and a microphone so you can connect them through bluetooth to your phone and then listen to audio or make phone calls so they're effectively an alternative to headphones. these glasses start at $299, that's $100 more than regular ray ray-bans they're available in 20 styles with the ability to add prescriptions or transitional lenses to them this is all design

julia boorstin has the story julia? >> that's right. epic ceo tim sweeney weighing in on the judge ruling, saying the judge's ruling that apple must allow other forms of in-app purchases does not go far enough sweeney tweeting, quote, today'sen ruling is not a win for consumers. epic is fighting for fair competition among in-app payment methods and app stores thefor billion consumers. saying fortnite will return to the app store when and where it can offer in app payment in fair competition, passing along the savings to consumers i do want to note here that this ruling is helpful for companies, including netflix, spotify and others who have been working to avoid app store fees take a look at some of these stocks on move today netflix shares up about 1% spotify shares up some 3%. bumble up 6% and match group up nearly 7% we're also seeing the impact on other game companies roblox, those shares up about 4% and then zinga shares up over 9% we are awaiting comment from some of these companies. match and spotify, among others, have come out

two years ago, one in five teens says instagram makes them feel worse about themselves cnbc's julia boorstinlia, facebook's pushing back against documents from their own company. >> well, that's right. facebook's head of security antigone davis playing defense in the face of accusations that facebook puts profits ahead of kids' safety, stressing the value that teens get from connecting with friends and family in a bipartisan attack a number of senators compared social media to cigarettes >> facebook is just like big tobacco, pushing a product that they know is harmful to the health of young people, pushing it to them early all so facebook can make money i.g. stands for instagram. but it also stands for instagreed >> several senators pushed davis on the company's pause on its development of instagram for kids now, davis didn't share any details, saying the company uses research to improve its products but senator blackburn said facebook's interests are purely financial. >> this seems to be a recurring theme with this company, do everything and anything to mold the world into your own image fo

julia boorstin has that for us hi, julia. >> well, fbi's cto is called by his nickname schrep announcingny he's going to be transitioning into a new part-time role as facebook's first senior fellow. now, taking that cto role in 2022 is andrew boswerth. he's also a longtime facebook employee he created facebook's ar/vr organization which was renamed facebook reality labs and there he oversees oculus, portal, and facebook reality labs, that is of course working on the metaverse right now. he was at facebook back in january of 2006 and worked on the news feed. so he is a longtime facebook employee, a long relationship with mark zuckerberg but still a big transition at the social network guys >> and surprise, right, julia? and just explain to us where does a cto sit is it directly below zuck? >> i've interviewed him before for cnbc he's the guy who's really dealing hands on with the technology you have zuckerberg at the top you have sheryl sandberg who's overseeing a lot of the different operations and advertising and you have mike schroepfer bos makes sense, andrew bosworth makes sense beca

let's get to julia boorstin with some insight >> well, the ceo is speaking right now at the goldman sachsand he just said that there was going to be choppiness he said disney plus subscribers in the third quarter will increase by low single digit millions there will be growth, but he warned there would be choppiness even though they are sticking with their long-term growth objectives there so they are on track over the long-term, but it seems like the market is reacting to the fact that the third quarter subscribers may be lower than expected he did say that theme park demand is strong and that reservations are increasing. stronger for the fourth quarter than in the third and that demand for cruise ships is also increasing stronger demand in the second half of last year than in the first half so positive trends there, but seems like there is concern about some of the head winds he's discussing around disney plus subscriber growth and you see the stock down 3.5%. >> given the pe they're trading out, they probably need to get it just about perfect from the market's point of view thank you.

we've got an earnings alert on broadcom let's get to julia boorstin with all the details. hey, julia. >> yeah, shares of broadcom slightly lower in after hours trade. the company did beat on both the top and bottom lines but supply constraints appear to be holding back the semiconductor part of its business taking a look at that segment it did miss estimates slightly. the infrastructure software business, however, did perform better than anticipated. that business bringing in 1.76 billion in revenue versus estimates of 1.69 billion. fourth quarter revenue guidance also stronger than analysts anticipated. the company guiding to revenue of 7.35 billion versus estimates of 7.23 billion. the president and ceo of broadcom said in the company's release that the company delivered record revenues in the third quarter reflecting our product and technology leadership across multiple secular growth markets, in cloud, 5g infrastructure and wireless we are projecting the momentum to continue in the fourth quarter. tan is kicking off the call with bullish comments about the fourth quarte

turned to surfing, hiking or camping a new wave of subscription apps are capitalizing on it all julia boorstin to optimize their experience, and investors are chasing them vcs investing in apps so far this year, up from $10 million in all of last year, and $30 million in 2019. downlocals of the top five are up 35% from last year. a top camping app called the dyrt has many paying $36 per year for road trip planning tools, additional maps beyond camping, surfline, it's seen paid subscribers, with 55%. they invested $30 million in surfline last december, also investments in a hunting brand and road bike platform partner jessie jacobs says investic around outdoor activities is a huge priority. i think number two, you just have an age of everybody's obsessed with fitness, right and then number three, i think this ties into the subscription information is data. people want information about, you know, how many miles did i run? how fast did i go? what was my heart rate >> jacobs tells us these subscription services have high retention rates, so devoted surfers, hikers, once they start thinks services

let's get to julia boorstin with the details. >> the senate subcommittee on consumer protection grilled facebook global head of safety she defends facebook's intention to help users connect while under attack for knowing about instagram's toxic impact on teens and failing to act on it a tax came from both sides of the aisle. ed markey compared social media to big tobacco. >> it is just like big tobacco, pushing a product that me know is unhealthy and all to facebook could make money i g stands for instagram but it also stands for insta greed. he was pressed for details on the plan to move forward for instagram for kids which she didn't share davis said that the research that facebook has drawn scrutiny for had no bombshell revelations in that they use this type of research to improve the company's products the committee will continue to pursue this topic on tuesday with a hearing with the whistle-blower behind the leaked reports. >> thank you, julia. that is quite a sound bite ig stands for instagram, it also stands for insta greed stock was flat today guy? >> i'm curious as to how many

. >>> resetting here near the bottom of the hour i'm carl quintanilla with julia boorstin nasdaq looking two up days in a row update with rachel >> strong quarterly results pet food sales and baking products >>> existing home sales fell 2% during august and posted the first year over year decline of 2021 supplies of homes remains tight and driving the median sales price above $356,000 >>> ahead of today's fed meeting a warning from the head of jpmorgan chase ja jamie dimon saying forced into policy moves if inflation doesn't ease >> obviously, inflation is so high that the fed has to do more traditionally and then you can see a huge reaction. i'm not predicting that, but possible they have to do that some time next year. remember, the fed can't always be proactive i mean, sometimes they're going to have to be reactive >> you are now up to date. julia, i'll send it back to you. >> thanks, rahel >>> out with news on a crypto wallet feature kate rooney is live with chief product officer. kate >> hey, julia, that's right, robinhood launching crypto currency thank you so much for being here >

unveiled by "the wall street journal" revealed that facebook itself may have known it years ago ju julia boorstinn this shocking story >> well, brian, facebook has found that instagram can be harmful for teens and senators just now announced a probe into what they're calling facebook's cover up of its platform's negative impact on teens and children this started with a report in "the wall street journal" which cited internal studies that facebook saying that the studies over the past three years found that 32% of teen girls said when they felt bad about their bodies, instagram made them feel worse and 14% of wboys in the u.s. sai it made them feel worst about themselves teens are a particularly important demographic for facebook andinstagram with a reported 22 million teens logging in to instagram from the u.s. every day that compares with about 5 million teens logging into facebook daily that platform's number of young users has been shrinking for a decade according to that report. now, instagram responding to this article with a blog post that it titled using research to improve your experience

it's time for rapid fire here to break down the headlines, julia boorstin, steve coe vac, and marianneontaigne making her rapid fire debut. it's great to have everybody here welcome. >> thank you >> first up, kathy wood is doubling down on tech innovation and buying on the dip. she snapped up more than 157,000 shares of zoom and 36,000 for arc's next gen fund. zoom, remember, was down 16% yesterday on slowing earnings growth in q2, down 12% so far this year. it's up today, by the way. wood also scooped up 260,000 shares of robinhood for the ark fintech fund hood is down 7% over the past week, up about 2% today. marianne, is zoom or hood in the marianne montaigne etf >> no, not at all. first of all, the beats on estimates have become smaller and management's guiding earnings down. we're not buying on this recent pullback at 22 times sales -- i'm sorry, 18 times estimated 2022 sales. >> it's not 18 times earnings. it's 18 times sales. that's a very different story. >> yes, yes, yes >> steve coe vac, what would you add? >> we know kathy wood likes to buy on the dips. it's the hyperpandemi

epic games allegation that apple ran an illegal monopoly on what happens next, here's cnbc's julia boorstin could drag out for years with epic's appeal, legal experts predict apple will appeal. both companies taking issue with part of the ruling in the meantime, voices from both sides of the aisle on capitol hill are taking this as an opportunity to push their antitrust legislation. senators richard blumenthal, senator blackburn and amy klobuchar say this is a start but not enough klobuchar said, quote, we need to pass federal legislation on app store conduct to protect consumers. what the bill aims to do is give consumers more time to allow third party app stores and payment services and to advertise lower prices outside the app store. now companies other than epic have come out in support of the ruling and also the legislation. they will benefit if they don't have to share a cut of their subscriptions with apple or google spotify saying, quote, this and other developments around the world show that there is a strong need and momentum for legislation to address these and many other unfair

i'm jon fortt with carl quintanilla and julia boorstin today, the interview, our exclusive sit-down with andy jassy. the challenges, pressures and future for amazon on almost every topic you can think of and how he's approaching them as the new chief executive takes the reins from jeff bezos, carl. >> jon, we can't wait for it moments away we did open with a gain on the dow, triple digits, 120 or so. lost it and now down 200 despite the cooler than expected cpi number which did give futures a bit of a bounce. we got the apple event in a couple of hours and we continue to monitor garyies ay gensler oe hill. >> the perception of amazon as a monopoly and a persistent question about the structure of aws. okay, andy jassy here we are again. and now you're not the ceo of aws. you're the ceo of amazon congratulations. and so is it any more likely than it's been the previous five or six times i've asked that you think it is a good idea to spin out aws from amazon? >> i knew you'd ask that question every year you ask that question i don't think it is any more likely no, i think all the same thing

over simplified narrative if you want to call it that in issues in china property sector julia b julia boorstinh a look at big droppers today >>> pfizer saying its covid vaccine is safe and generates a robust immune response in kids ages 5 to 11 today the company along with biontech tested a two-dose regiment with about a third of the dose for teens and adults and they plan to submit the results to the fda as soon as possible. they have now turned negative by about .1%. biontech is lower after a 329% run so far this year moderna flat today, up 309% since january. >>> let's bring in peter boockvar now with a look at the economic landscape for us. bleakly is not a point of view here we should emphasize it is just so happening that things don't look that great, do they >> absolutely. we want prices to rise, not fall >> explain how you think the linkages today's sell-off work is it emanating from china do you agree with jim chanos it shouldn't have a big effect here if so, is it that the debt ceiling is seasonable, et cetera >> i don't think it is a coincidence this is happening right before it is

over 2% for the dow, less than that for the s&p and the nasdaq we've got some news on disney, julia boorstin'se theatrical windows for its films over the course of the rest of this year. with a 30-day exclusive window for its animated film, which is coming out in november and 45 day windows for five other films coming out in october and december those films include marvel's eternals and "west side story. this shiftto do an exclusive window before releasing films on disney plus speaks to the success of the exclusive release of marshal -- that film grossing $94 million over the holiday weekend has now grossed $162 million worldwide today's announcement is a reversal after disney simultaneously released "black widow" and "cruella" on disney plus it charged an extra fee for the film it was that "black widow" release which sparked a lawsuit against disney interesting watching the flexibility of studios as they navigate these covid times. >> do you think that will affect the lawsuit? or does it change the bargain at all on that argument >> well, look, that lawsuit is about a contract between a movie

julia boorstin with the details. julia?playing defense in the face of accusations that facebook putts profits ahead of kids' safety richard blumenthal led the attack. >> facebook has taken big tobacco's playbook and hidden its own research on addiction and the effects of the products. it's attempted to deceive the public and us in congress about what it knows and weaponized chil childhood vulnerabilities against children themselves. >> davis said that facebook's research is intended to help the platte fortunately make changes to protect children and others congress pushes davis. she refused to say how long the plan would be paused and she did not agree to stop the project altogether which one senator pushed for but davis said she would have to talk to facebook experts about various things and follow-up for her to do. >> the stock closed completely unchanged. thank you. >>> up next, jonathan golub on the selloff an enif he is finding opportunities on the carnage. a check on the industrial sector, the worst performer on wall

i'm joe kernen with jon fortt and julia boorstin coming up on the show today, storytime. lend program. >>> plus paypal pays now more on their $2.7 billion in the buy now pay later space. >>> and then california streamin'. appl

i'm jon fortt with julia boorstin, joe kernen and deirdre bosa are off one long-term bear turning around

i'm carl quintanilla with jon fortt and julia boorstin coming up this hour strange comments out of instagramup plus, mark cuban wants to make crypto a little less anonymous his take on why regulation built around existing fraud laws makes sense. later on elon musk kisses up to china. morgan stanley's adam jonas weig

julia boorstin's got the story for us julia?e platform's negative impact on teens. this all comes after a wall street journal expose reporting that internal facebook studies found that 32% of teen girls said instagram made them feel even worse when they were feeling bad about themselves and their bodies and this 14% of boys in the u.s. said instagram made them feel bad about themselves instagram responding that it is starting to understand what types of content makes them feel that way and are exploring ways to look at different topics that they are repeatedly tooking at at thistype of content this is just the latest congressional pressure on the social giant guys, it does seem like this pressure is bipartisan >> it's terrible you should read the report it's on so many levels, julia, not to just what it's doing but to girls an the fact that and seemingly it doesn't make any changes. what can be done from a regulatory response. it's society >> facebook issues i do think it's worth noting that tiktok just yesterday on the heels of

i'm carl quintanilla with jon fortt and julia boorstin today california day dreaming.ct event? and microsoft announces that massive dividend hike. how that compares to its other big tech cares and how to play it later on, a major milestone for elon musk in

conference this week, the future of streaming and the role of video games was front and center our julia boorstin content and also in games. and then last night the company announced its first big game acquisition, buying developer night school known for titles such as "oxen free," a supernatural adventure game. they also took a dig at the studios saying they are conflicted in the way they distribute content warner media's ceo told me that that acquisition was insincere, that his biggest threat isn't netflix, but rather amazon >> i would probably say amazon would be that company, simply because of their breadth, because of their depth across a whole host of different things, both devices, content, retail, of course. but i do want to kind of talk from my own book a little bit. we just grew revenues 31% last quarter for warnermedia. >> hbo max is continuing to roll out internationally adding six new european countries this month. he didn't rule out potentially even adding games to hbo max guys >> you heard from so many leaders, julia, in media and entertainment and tech over the course of the confe

i'm jon fortt with julia boorstin deirdre and carl have the morning off.ow pressure coming from overseas is changing the rules for al

i'm carl keenquintanilla with jn fortt and julia boorstin goldman is out with the best internet ideascalls later this hour and, jon

julia boorstin has more on that.com is delaying the release of two big movies pushing top gun maverick to memorial weekend next year. that then takes the spot of "mission: impossible" 7, which is pushing to next september 22nd the studio making these moves after evaluating the rising delta variant and covid cases. the hope is to wait until a more normalized and movie going environment next year. of course, the film has already been delayed multiple times. the question is whether other big movies will move from this fall until next year i have heard from sources that the james bond movie, they are really aiming to stick with the october 8th release and that's just around the corner >> after a long delay, wilfred will be very happy if that comes out. thank you. i feel like, mike, you're kind of a top gun guy >> it's age appropriate. you're asking me if when i was like 16 years old and saw it the first time and saw it more than once in the theatre? it's possible. >> quick final thought on the market nasdaq closing at a

i'm carl quintanilla with jon fortt and julia boorstin what a show.rid work, and exclusive interview with ceo satya nadella, alongside linkedin ceo ryan roslansky. then hea