julia boorstin is here to take us inside the numbers and tell us what is going on with the conference call. julia? >> well, melissa, to look at that chart there, first the stock popped and then turned negative the pop was on better than expected subscriber numbers for disney plus. company added 7.9 million disney plus subs, rather than the 5 million that analysts had anticipated. the company did say they're on track for their targets of between 230 and 260 million disney plus subs by 2024 and the service will achieve profitability by then. but the stock has been moving lower, it is now down about 3.5%, this all happening during the earnings call on a warning that the company just made saying that they did add more subs than expected in the first half, also warning that some of the markets that they're going to be launching towards the end of the fiscal third quarter are going to be impacted by those geopolitical factors some of those countries in eastern europe the company also saying they expect content sales and other licensing results to decrease by as much as $200 million from the

julia boorstin is here with more. >> "top gun maverick" has grossed over $19 million, the highest previewstory and going into memorial day weekend. this does bode well for box office rebound in a year when so far, year to date, the box office is 58% of what it was in 2019 comscore projects the film, which cost an estimated $150 million plus to make to bring in over $115 million at the domestic box office this weekend. comscore upgrade that projection bull sterred by a 97% critic rating it would be a key win for paramount whose stock is down 22% in the past year all the media giants, disney, warner brothers, comcast, are hoping moviegoers pack theaters despite pressures and what's at home on content streaming services because they have big releases coming later this summer in the past year amc entertainment shares are down 49%, cinemark 28% and imax shares off 25% this summer they face a particular challenge in the fact that there are fewer wide releases this year there are just 35 wide releases scheduled between memorial day and labor day that's down from 37 last year and 45 in 2018 an 20

company and you'll want to hear what he has to say in this "power lunch" expect, but first, to julia boorstin> the s&p trading near 4,000 and tech stocks once again getting hit the hardest today. the nasdaq remains about twrat% off its year high and the big-cap tech stocks are mostly lower, apple, alphabet and tesla shares are falling while mreta is off about 2%. financials and consumer discretionary stocks also coming under pressure while the energy sector gets a lift on higher oil prices tyler? >> thank you very much, julia. pretty much every economist and investment strategist agrees that inflation is the biggest bogey and the markets and the economy may overcome and they largely agree what inflation's origins are and who the providers must be, namely the fed and other central bank, but our first guest today says they have it wrong. here to explain is veteran hedge fund manager dan arvis he has an advanced knowledge of eastern russia and he was a lawyer in prague and restructuring communist economies. good to see you again. >> hi, tyler i don't see you, but happy to hear you >> that's all

i'm carl quintanilla, julia boorstin, deirdre bosa, and jon fortt.n down to start the year first, it's time for a news update with our kate rooney. >> shares of spirit airlines are down almost 10%. the carrier's board is rejecting jet blue's 3.6 billion cash bid, saying there's too much risk that revenues wouldn't approve the merger spirit wants to be acquired by frontier u.s. construction spending edged up by .1% in march that's less than february's 0.7% gain the institute for supply management says its index of national factory activity dropped from 54.4 to 57.1 in march economists were expecting that number would rise carl, back to you. >> kate, thanks so much. >>> as we've said this morning, april did mark the worst month for the nasdaq since 2008. came on the heels of last week's big tech earnings, as you know who's left standing and where might you start to look for value, joining us this morning, capital founding, managing partner, lowe tony is with us. >> thanks for having me. >> we've had some conversations in the last few weeks about relati

now a new list, cnbc's julia boorstin breaks down this year's top disrupters >> number 5, guild educations with large employers to offer debt free tuition so their employees can earn college degrees on the job in the last year it's added target, waste management, hilton and many others to its rapidly growing list of partners number 4, canva, an australia based graphic design platform taking on tech titans including microsoft and adobe. canva's monthly users, amateurs and pros, create everything from presentations to social media apps to fliers to digital content. number 3, lineage logistics, improving the food supply chain to prevent waste with a proprietary freezing process, serving big name customers including walmart and mcdonald's. >> using technology to drive a better supply chain will be critical. >> number 2, brex, a $12 billion fin tech that lends to thousands of start-ups through its high limit credit cards and flexible loan services. this year it expanded into spending management software and number 1, flexport, battling the global supply chain crisis and transforming a trillion

for more on the quarter let's get to julia boorstin.tough to believe disney around $100 after everything we've been through that would seem like an unthinkable bargain a couple of quarters ago. >> yes, but there's so much uncertainty now. that's what we saw the investors react to yesterday, going into the call the stock was up a couple percent and then christine mccarthy talked about how maybe the outperformance in streaming subscription ads in the first half of the year was was not going to indicate similar outperformance in the second half of the year. maybe there was a pull forward i would note, jon, there are many, many, many differences between netflix and kiz knee, including the fact that disney has not completed its global rollout yet. but i think analysts and investors are trying to figure out not just will disney be able to hit their target of between 230 and 260 million subs by 2024, but how valuable are those subscribers, when you look at the fact with hot star in india, that partnership there, those subscribers are less valu

a big fight with florida, all things to watch this afternoon julia boorstin with us and danielle shayy, i think one of the most interesting things to see is what disney says about its streaming business and of course, disney is the last of the media giants to report netflix was the first, and netflix warned of a major slowdown in streaming subs subsc subscribers. disney has a different strategy. they're still expanding globally their market less saturated and i think the number to watch is 5 million. that's how many streaming subscribers for disney plus they expect to add but commentary about what things look like in terms of that subscriber momentum for the rest of the year will be really interesting and then the other big question is, of course, the theme parks and what they tell us about the strength of the consumer, bookings for summer, consumer spending at the parks. are those disney parks visitors feeling impacted by inflation and all of this macro economic uncertainty, kelly >> let's get right to the point here with danielle shay. would you be a buyer of disney what do you thin

off precipitously on the back of this, i think there's your opportunity. >> let's get back to julia boorstin she has more from us from a memo that she's obtained. julia. >> that's right. i have obtained a memo written by evan spiegel to snap's staff. it just went out moments ago as he's speaking right now at this jpmorgan conference. he's striking a little more optimistic note talking about the opportunities for the company in the long term he writes, quote, we believe that the progress we've made growing our revenue combined with the strength of our balance sheet has positioned us well for the current environment, saying that 2022 remains a significant investment year for snap, despite the ongoing volatility he says that they will slow their pace of hiring they do expect to hire more than 500 new team members between now and the end of the year. that's 10% head count growth and that's in addition to the 900 job offers that have already been accepted this year. so still hiring but at a slower pace he also said they will be evaluating it remainder of 2022 budgets to find cost savings so reall

but first, welcome to julia boorstin who's in for kelly evans. >> hi, tyler, stocks are near sessionighs at this hour, the dow and s&p are up more than 1%. the nasdaq outperforming the others with a gain of more than 2%, but walmart falling 10%, the biggest decliner of the dow after an earnings miss and a soft profit forecast boeing the best performer on the index up about 6%. and energy is on pace for its sixth straight day of gains. exxon, chevron, and valero just some of the names in that sector hitting 52-week highs in today's sex. tyler. >> julia, today's rally offering investors some relief to the relentless selling that has gripd the markets. the next guest says the best offense is a good defense. he's got some picks that could offer some downside protection let's bring in kevin mahn, president and ceo of hennon and walsh management welcome back good to see you. we're going to talk a little bit more about buffett, but if buffett is buying, should i be buying he's the definition of an optimist because he's a long-term investor, and he's 89 or 90 years old. that's pretty optimis

juli julia boorstin has the latest. >> that's right, morgan.in the plan and giving investors whiplash this morning. elon musk sending twitter shares down over 10% after he tweeted out a couple of things his most recent tweet said he was still committed to the acquisition after a couple of hours earlier he tweeted out, quote, twitter deal temporarily on hold pending detailed supporting calculation that spam fake accounts do indeed represent 5% of users. with that tweet, he shared a story from reuters from may 2nd about a twitter filing that day disclosing that false or spam accounts did represent less than 5% of users. now, this twitter filing about those spam users came after musk said that a top priority of his was to remove spam bots from the platform musk's tweets this morning raise speculation that musk could be looking for a way out of the deal he can't afford the $1 billion break up fee or could be looking to renegotiate the bill at a lower price tag. twitter closed yesterday at 45.08. its market cap, more than $9 billion less than the $4

julia boorstin joins us.watching >> well, sara, the big question is whether the streaming business is on track to hit the 2024 targets, or whether the company is concerned about a contraction, which is what netflix is predicting. the number to watch for disney is 5 million that's how much disney plus subscribers, analysts are looking for the company to add average earnings per shire are expected to grow that growth is driven by a rebound in the park. now, commentary about the parks, bookings for the usually busy summer season and spending trends will be very much in focus and seen as an indicator of consumer confidence in light of inflation and other recessionary pressures. >> thank you, julia. >>> rivian is the other flame we'll watch. it's now down 70% from the ipo phil lebeau joins us what would reassure investors. >> some reassuring numbers three things we'll be looking f for. first of all, what is happening with the cash burn reservation was about 83,000 reservations last time we heard. and the productio

let's talk snap, and how its earnings are being felt across tech with julia boorstin, hey, julia. >> hey, john, what a dramatic decline for snap, and the thing that i'm most focused on here is the fact that it's been just about a month since snap gave its guidance for the second quarter, and not only do they guide between 20 and 25% revenue growth in the second quarter and now they're coming in and saying it's going to be below 20%, but i want to go back to the kind of insight that evan spiegel gave to revenue growth at the beginning of the year. at the beginning of the year, he said they were growing revenue 44%. then that slowed down after russia's invasion of ukraine, and all the market volatility there, and then they gave this lower guidance for the second quarter. the fact that we're seeing such dramatic change from 44% growth at the beginning of the year, to perhaps 15% growth in the second quarter, really a dramatic slow down, and it seems, guys, like the analysts think this is going to be an issue for the other social players as well any of the ad supported stocks. >> yes, th

julia boorstin has more. julia?paramount's revenue missed estimates, while its earning which beat expectations were down by about half from a year ago quarter but streaming did grow faster than expected. paramount plus added 6.8 # million subscribers. and while showtime and bet's streaming app suffered from a contraction similar to what netflix saw free ad supported pluto tv grew faster than expected to 67.5 million monthly active users jp morgan saying, quote, we remain positive on the growth of pluto tv given its advertising potential with the platform well positioned to lead the global avod space that's ad-supported vod. this comes as the new front digital ad presentation's kickoff this week. the interactive ad bureau forecasts that digital video ad spend will increase 26% this year and that connected tv ad spend, which is a peefs that, will be a key drifr, growing 39% this year, to $21 billion, that's more -- the 22 -- the 2020 spend on that category. amazon's freevee, free ad supported service just announced a

. >>> welcome back to "the exchange," i'm julia boorstin, elon musk making news on twitter speaking athe car conference, musk saying that he would reverse the ban on president donald trump from twitter, saying, quote, i do not think -- he said, quote, i do think it was not correct to ban donald trump. musk also saying that the best case scenario for a twitter deal is that it could be done in two to three months. of course that would be far ahead of the october 24th termination date that is currently set if the deal is not completed. but big news there in terms of musk saying he would bring trump back onto the platform john. >> thank you. >>> shares of s.a.p. down more than 30% this year, as a host of headwinds weigh on the stock frank holland spoke with the ceo, joins us with more. frank. >> s.a.p. outperforming cloud names as it kicks off its annual sapphire conference in orlando a key push for s.a.p., accelerating clouded option in europe 45% of work are on the cloud s.a.p. is now transitioning large domestic companies like mercedes to the cloud and ceo christian klein speaking exclu

elon musk being sued by twitter shareholders who allege that he engaged in market manipulation julia boorstin more on how this might play out. julia? >> well, john, there is a lot of twitter news this morning. twitter shareholders filing a class action lawsuit against elon musk and twitter alleging that musk violated california corporate laws and engaged in market manipulation, claiming that musk benefited by delaying his filing of the required disclosures for his stake in the company. the lawsuit also saying, quote, musk proceeded to make statements, send tweets, and engage in conduct designed to create doubt about the deal and drive twitter stock down substantially in order to create leverage that musk hoped to use to either back out of the mches or to renegotiate the buyout pr price. this morning, the ceo revealed a letter in which it questions musk about why he did not filed his disclosure within the required ten days from the date of acquiring twitter shares. twitter stock is down about 18% since the deal was announced yesterday, the company said it was moving forward with the deal as or

julia boorstin has that story for us julia. >> well, the average percentage of women on the boards ofsand largest public companies, that's the russe russell 1000, increased from 23.8% to 28.2% between 2019 and 2021, according to new analysis. but just 3% of those 1,000 companies had equal or higher representation of women on their boards in 2021 that's up from 2% two years earlier. they point to general motors, citigroup, procter & gamble, merck and neilson saying those are the only ones with boards that are at least 40% female and have at least one committee chaired by a woman and they also raise the question, does diversity drive results. a study out on friday tried to answer just that question. among the 72 s&p 500 companies headquarters in california, those with boards with higher diversity across gender, race and age of its board members saw higher revenue growth of 24.2% compared to 20.7% revenue growth for those with a lower diversity score. and california is in focus because a judge just last week struck down the law mandating for diversity thresholds, so, melissa, certainly o

could be coming in gaming ea at some multi-month highs potentially seeking out a buyer at our julia boorstinell, carl, take the acquisition of zynga and microsoft's acquisition of blizzard electronic arts now is the biggest video game-maker left. they held talks with comcast along with diss anything, apple and amazon sending that stock up about 2% since friday morning. now we've gotten a no comment from all of those companies, but sources close to the situation tell me ea did indeed have preliminary talks with all four of those companies and that nothing advanced and nothing is imminent one source tells me that ea approached disney but that the conversations did not advance. another source saying that comcast ended the conversation because they couldn't see a path forward on any key terms for a deal such as price, time structure or management team sources tell me nothing is imminent burks those talks do speak to growing focus on the value in video games, and ea is certainly the most valuable. it's the largest independent player level now the video game sector and ea in particular have the ad

julia boorstin looks at what the film means for the summer box office, julia. >> well, scott, early numbersh for "top gun maverick" and for the whole summer box office. "top gun maverick" grossing over $19 million in thursday night previews that's a record for paramount and memorial day weekend, prompting the weekend projection to go to $115 million expected at the domestic box office that is bolstered by a 97% positive critics rating on rotten tomatoes. a hit would be a win for paramount whose stock is down about 22% in the past year it would also be a win for all the media giants who have big budget films coming out this summer including disney, comcast and warner brothers discovery. theater chains of course have a lot at stake as well amc shares are down 46% in the past year. cinemark and imax shares down 25%. these theaters will have fewer wide releases this summer than they did pre-pandemic. we'll have just 35 wide releases, down from 45 in the summer of 2019 plus movie theaters also have more competition from streaming content than ever. today disney plus is debuting its much anticipa

given meta's stark underperformance this year and twitter's perhaps deal with elon musk, julia boorstin breaking down what to expect. meta sure to be interesting. but i guess zuckerberg has all the votes. twitter, it's all over but the fighting, right? >> well, there's so many different factors at play here, john we just have to point out that meta shares are down 45% in the past year and twitter shares are up 36% in the past year. so when the companies meet virtually with shareholders today, we'll be listening carefully for commentary on the add contraption that snap flagged earlier this week. the shareholder vote on elon musk's takeover will happen at a second meeting they're advocating for a number of different things including the rejection of executive compensation they're also advocating in favor of shareholder proposals about concealment clauses on mandatory arbitration and non-disclosure on sexual harassment and the like also disclosure over political spending and civil rights expertise added to the board mark zuckerberg controls votes so nothing can pass unless he votes for it

but first, welcome to julia boorstin who's in for kelly evans. >> hi, tyler

julia boorstin with the details. bout 1.5% higher. this afternoon both reported huge streaming numbers for their series that debuted friday disney plus reported the obi-wan kenobi series is the most walked premiere globally. that hours viewed of other star wars titles tripled in the weekend. meanwhile netflix reports that stranger things season 4 set a record for the best premiere for an english language series, beating bridgerton series 2. so movie goers returning to the box office for "top gun maverick" did not depress the streaming numbers this weekend, sara. >> a little bit of a boost for those names. julia, thank you. >>> here's where we stand right now in the markets we continue to climb back from the losses that we saw at the top of the hour. we were down 200, now down 60 points or so on the dow. the nasdaq has gone positive in the session so we are attempting another bounce, stronger boy a quarter of 1%. >>> wall street is buzzing about nelson peltz joining the board of unilever. look at the reaction, up 10% u

. >> meantime, elon musk's pitch deck on twitter making headlines over the weekend julia boorstin hasreakdown of that and some incredible i don't know whether to call them projections or dreams, julia. >> goals, perhaps? i would say elon musk has big, very big plans for twitter this. according to pitch deck that was presented to investors obtained by the "new york times." first, musk wants to quintuple the company's annual revenue to $26.4 billion by 2028. that's up from $5 billion last year he also wants to dramatically grow the company's user base from about 220 million as the end of 2021 to 600 million users by 2025, and 931 million users by 2028. third, he wants to cut the percentage of revenue that twitter gets from ads from about 90% to less than 50% by 2028 now, this change would come from the growth of paid subscriptions, including twitter blue musk says he wants to double its subscribers to 159 million by 2028 and he wants over 100 million subscribers to a mysterious new product x by then as well. no signs of what that is yet now, this proposed dramatic transformation is part

julia boorstin on snap, courtney reagan on retail, diana olick on housing, steve liesman on global growth, and julia, we begin with you. >> well, tyler, snap shares down 41% on the company's warning that second-quarter revenue and adjusted earnings will likely be below the low end of its guidance range it provided for the quarter just a month ago snap saying in its 8k filing, quote, the macro environment has deteriorated further and faster than we anticipated when we issued our quarterly guidance last month as a result, while our revenue continues to grow year-over-year, it is growing more slowly than we expected at this time. this warning that revenue growth will be below 20% is a dramatic slowdown from the 44% revenue growth that snap said it saw at the beginning of the year before russia's invasion of ukraine jeffries weighed in saying this is a sign that a, quote, macro environment that will likely impact the whole ad industry, and it is highly unlikely the weakness is isolated as we expect macro to impact all digital ads names. snap's warning and analysts concerns about the whole ind

good friday morning, i'm carl quintanilla with deirdre bosa, jon fortt, and julia boorstin. where does the deal stand? is this a live renegotiation taking place over twitter? and what does the sec think? jon, a lot of discussion about whether or not it's a better price for twitter, whether it's trying to stem the losses in tesla stock, or maybe both. >> maybe all of it, i mean, the currency he's paying with got weaker, tesla stock and then the comps on twitter, other internet stocks also got cheaper, he's going to do buy something for a premium price with a kind of weakened currency. that's not a great deal. so, you know, maybe he's looking at bots, but i don't think a lot of people believe he's looking at bots. he knew that bots were a problem to begin with. it's one of the things he wants to fix, right julia, that's going to make this a gigantic deal where he's going to grow revenue, what was it 5 x in just a few years? >> yeah, grow revenue 5x, and also expand that twitter user base to nearly 1 billion users that was his plan there. but i think that you're absolutely righ

julia boorstin with the story. what's the latest? kelly, more headlines out today about twitter executives telling employees that the deal is proceeding as expected. bloomberg reporting executives telling twitter staff the deal is proceeding as expected and no such deal as a deal being on hold, responding to musk tweeting that earlier this week. twitter shares are up 0.7% they did spike on the news it is worst pointing out shares are still way below that price that elon musk is paying they're at $37 and musk offered $54.20 for the company there are more reports of executives leaving the company yesterday cnbc.com had a great article about more senior executives leaving the company it seems the management of twitter is trying to reassure employees things are moving forward. back over to you >> and when they say that, can they force him to consummate the deal i guess it's already consummated. it's murky >> it's murky. obviously he certainly seems to be looking to try to get a lower price for the deal, if you look at the differential be

. >>> also this morning, julia boorstin unveiled cnbc's tenth annual disrupter 50 list her ranking of the fastest growing private companies challenging public incumbents and set to be perhaps the next generation of big ipos when we're doing that again julia back on set again, great to have you. what's on the list >> well, jon, we selected 50 companies from over 1,400 nominees, and the number one company on the list is flexport, a logistics company that's battling the global supply chain crisis and transforming a trillion dollar industry by tracking and streamlining the movement of cargo across ships, planes, trucks, and rail for more than 10,000 clients and suppliers. it's followed number two by br brex, another logistics company is in the third spot, lineage, a proprietary freezing process to improve food supply chains it works with hundreds of facilities across north america, europe, and asia the number four is graphic design platform canva, number five is guild education. it works with companies to offer their workers debt free college education. logistics is the top category on th

julia boorstin with the details. >> it's all playing out on twitter, sara.ceo tweeting a series of tweets weighing in after yesterday pushing out two senior executives at the company and also after elon musk posted that tweet saying the deal was temporarily on hold pending details. he tweeted out while i expect the deal to close, we need to be prepared for all scenarios and always do what's right for twitter. i'm accountable for leading and operating twitter, and our job is to build a stronger twitter every day. he also talks about how he's going to try to bring more transparency to the work that they are doing and why he's working to manage costs and also why he made those management changes, saying that they're not just working to keep the lights on but they want to make this the best company possible. we see twitter shares, though, down more than 9%, sara. >> it kind of makes me feel bad for the guy. he's following musk who appears to be doing this on twitter. usually if the deal wasn't on hold, wouldn't you see both parties agree to some sort of press re

suing google over a pending billing channing, having more ramifications for the app industry julia boorstin. >> well, jon, match is suing dwoogle ahead of the june 1st deadline for android apps to pay a fee rather than giving consumers the option of perhaps choosing to pay in app directly. match group saying, quote, ten years ago google was a partner to match group, today we are its hostage. match alleging in its suit strategic manipulation of markets and abuse of power in acquiring match to use google's billing system it increases consumer cost by allowing google to charge a 10% fee on subscriptions and up to 30% on other in app purchases, this builds on a similar suit filed by 37 state attorneys general against google last july, and also on epix lawsuit against google forcing it to go through the google play store, similar to epic's suit against apple. match group, google responds, saying it's looking to pay the significant value they receive from the mobile platforms they've built their business on. google going on to say, quote, match group's apps are eligible to pay just 15% on google

growth for many top companies but a different story this year as rising rates hit valuations, julia boorstinns us on set for a deeper look. >> jon, it's so great to be back here on set with you, cnbc headquarters, the disrupter 50 list did indeed identify the next generation of tech driven public companies over the past decade the disrupter 50 index h which we launched -- the 80 companies that have gone public, it's up 170% since then, compared to the nasdaq's 130% gains in the same time period. so it has been a great decade for these companies, but it has been a very rough year in the past 12 months the index is down about 50%. compared to a 13% decline for the nasdaq as the broader tech sector has suffered, and as investors have shifted from growth stocks like the fast growing dis-rrupt disr. some have weathered the recent downturn and performed far better than others there are 20 companies on the list that have at least doubled their market caps since their ipos, the best performer, shopify. it's up over 3800% since its may 2015 ipo, since mongodb went public and block, formerly square, w

from today's selloff and what has already been a rough period for that sector, post earnings julia boorstin is with paramount bob bakish on the volatile media landscape. julia, to you. >> thanks so much, deirdre bob, thank you so much for being with us today. we've been sitting here watching the stock market plummet i'm thinking about all the different ways in which paramount is exposed to fears of a recession, economic uncertainty. you have the fact that you're trying to sell movie tickets, you have the advertising business, streaming subscription questions, but i want to start with the movie business. you have some big movies coming out this summer, are you concerned that audiences will be wary of spending up for movie tickets, not only because they're feeling these economic pressures, but unlike past recessions, they have so many free or inexpensive options at home >> we're feeling great about paramount and what it's doing in the film business. you saw "top gun maverick" last night. before we get there, we're right now 4 for 4, the only hollywood studio to open four films number one in t

want the pizza with cannabis not as much alcohol. >> what state are you in >> new jersey. >> julia boorstink you we'll send you some pizza. congratulations, by the way. >> i think it is called the mean tomato >>> coming up, the co-ceo of brex it came in second in the di disruptor list that is coming up in the next hour of "squawk box. >>> when go whale watching investments by the biggest investors in the world we will show you what berkshire hathaway has been buying and selling. that's next. >>> you can watch or listen to us live anytime on the cnbc app. ♪ bonnie boon i'm calling you out. everybody be cool, alright? we've got bonnie right here on a video call. we don't take kindly to video calls. oh, in that case just tap to send a message. we don't take kindly to messages neither. in that case how 'bout a ringcentral phone call. we don't take kindly to no... would you can it eugene! let's just hear her out. ha ha ha, i've been needing a new horse. we've got ourselves a deal. ♪ ♪ ♪ ringcentral ♪ this is not the stallion i was imagining. >>> welcome back the dow yesterday was up, but only by

cnbc is unveiling our 10th disrupting 50 list julia boorstin is joining us now at some of a look at thedecade it launched in 2015 which tracks performance of 80 companies that gone public at 179%, compares to the nasdaq at 135% gains in the same time period it has been a great decade for the destructor 50. as a broader tech sector suffered and investors shifted from growth stocks to value stocks some weathered the recent downturns and performed better 20 in the list doubled their caps since their ipos. block, formally square went public in 2017 both companies are up. the worse performers, blue a apn is down and didi went down to 80% since then the combined value of this year's 50 list is the highest ever by a long shot. that disconnect between private and public company valuations is pushing private companies to stay private longer until the public markets rebound we'll be revealing the list tomorrow here on "squawk box" and on cnbc.com/disruptor. >> how many companies do you look at to get down to 50? are there hundreds how do they get nominated? is it like julia boorstin decides these

julia boorstin, thank you. >> let's bring in adam aron.which is the metric that is most important to you? >> well, good morning, becky i'm actually not going to give you an interview i'm going to say put julia back on and let her talk about what a historic weekend this was for the movie business the most important thing for us is how many people are coming to our theaters n and in our case at amc, we had 3.3 million people watch "top gun" over this memorial day weekend. it is the biggest memorial day weekend movie of all time. i actually think when paramount releases numbers today, they'll be higher than what you see in the press reports. this is two and a halftim timese biggest tom cruise movie opening ever >> you said 2.3 million people is that an increase in terms of people if you're looking at just people coming through, where do we stand now versus pre-pandemic? >> it's a record for us for a singli single movie title in total, we had about 5 million niem people in our theaters, watching not only this movie but the other titles at amc.

. >>> social stocks just one of the many spots of tech that have seen big losses, your julia bo boorstin. >> a lot of volatility, the social stocks continue to drop after therm slammed yesterday, continuing their declines this year, we see a lot of stocks and investors reacting to interest rate contractions and concerns about broad advertising head winds. now metas shares, down about 1% today after dropping 7 #% yesterday amid reports that meta is halting hiring snap shares are down nearly -- about 5% after dropping nearly 10% yesterday. pinterest is back into the green today after losing 7%. the stock is off more than 60% twitter shares reacting to news that elon musk plans to be twitter's ceo and then take the company public again, according to reports, that bucked the trend yesterday, and gained 3%, though it is down about another 1% today. now, media stocks are down, but the streamers are down far more than the traditional media players, after some concerns sparked initially by netflix and its earnings about a saturated market and cash strapped consumers perhaps shifting more to ad-s

. >>> a big moment for the box office julia b julia boorstin joins us to explain. >> paramount's releaseovies for the summer. it is 58% of what it was in 2019 it was projected that ""totop g "w ""top gun maverick" would be tom cruise's biggest opening ever but all the markets are watching the results. disney, comcast and warn er bro. discovery all have big films in the works and they hope people will pay up for the trip to the movie theaters so this weekend's box office performance is most important for the theater chains amc shares down 37% over 12 months 30% in imax. there are fewer wide releases this summer. this year that are a35 wide releases so making fewer, bigger movies might make sense for the media companies as they send more content directly to their streamers, but probably not great for the theaters. >> the fact at that there are fewer releases out here this year and just in general, the changing nature of the release slate, what does it mean in terms of even thinking about a summer box office season i think we're still groping for normal here you had a movie in "top gun" whe