julia boorstin tim, netflix still wins, still the winner out of this. >> yeah. it does. i mean, it sounds like more "brady bunch" and "f-troop" rereturns and therefore i think netflix does win netflix wins because it's proven that they also have been cutting costs and generating more free cash flow. that's something that after a lot of investment into both their technology and their content, it's something that investors were waiting for, and so obviously it's been about the ad tier, et cetera, but this is about the first half winners i think you let it run a little bit. >> all right more on the stress test. back to leslie picker for the latest leslie. >> this one from citi group. they did plan to increase their common dividend by about two cents a share to 53 cents per share for the third quarter of 2023, but citi is kind of a standout among its larger banking peers in the stress capital buffer, the amount of capital it needs to hold above the fed's minimum in order to return capital to shareholders that actually went higher you want to see that go lower year over year

julia boorstin joins us live from cannes, this time at the advertising conference, to talk more aboutdebacle. julia, was this a movie meant more for adults than kids fundamentally? >> no, this is a family film pixar films have that typical appeal where they get kids and the whole family goes. so that's why it was a disappointing weekend at the box office now, this is "elemental" from disney's pixar it can fall short of already lowered expectations the film just grossed just $29.5 million, which is the lowest opening for apixar film when adjusted for inflation, and it did cost a reported $200 million to make and about another $100 million to market. now, this disappointing opening, despite the movie getting a 75% positive critics score and a 92% positive audience score on rotten tomatoes. and critics are flagging that this is pixar's third disappointment in a row. now, it's not just pixar under pressure another massive brand, warner brothers' d.c. comics, suffered the flop of "the flash." the movie, which also cost a reported roughly $300 million between production and marketing costs,

cannes, france the big question is how to position for the expected contraction in ad spending julia boorstinails from executives there, including a tiktok exec. hi, julia. >> reporter: that's right, all big brands are here trying to figure out the best place to put ad dollars, especially in light of the economic uncertainty. a lot of it is centering on fast-growing tiktok. we're here at their setup. i spoke to the global president, blake chandly. he told me the company is growing its revenue by a high double-digit percentage rate insider intelligence estimates that they will top, though, of course, the company -- but getting them high double-digit percentage rates, that is new. i asked him if the regulatory threat that the company is facing, and the push by some to ban tiktok ace op's operations s having any impact on interest. here's how he answered >> the feedback is they want to work with us, how to have a presence in platforms, how they get in corner of culture essentially the conversation all week has been really positive. >> now here at cannes, here at the company setup, tiktok is feat

swing in france, industry leaders grappling not only with a potential pullback but more on ai julia boorstin you. >> reporter: thank you so much i'm joined right now by roku ceo anthony wood you're here in cannes talking about your stock up 62%, but still down 82% over the past two years rchl you concerned about economic uncertainty impacting the advertising side of your business as well as the consumer side >> if you look at roku's business from a big picture pinl of view, we're the leading streaming platform in the united states streaming is extremely important. we're in cannes talking about traditional advertising to streaming. we had 10 million newtive accounts last year half of the broadband households in the united states start their tv experience with the roku home screen our ad business is great for us. it's cyclical and the ad business is in a bit of a downturn, but we always turn it around, growing futures. last quarter was the most engagement ever per user, almost four hours per active account. there's a lot going on in the streaming business right now. >> what we're hearing is th

. ♪ >>> advertising a marketing festival in full swing and julia boorstin is live on the scene. just sat down with kevin hart along with ty randolph, the ceo of his media company, hartbeat entertainment. they raised $100 million for expansion of the company with all of the buzz about ai here at the cannes lion, hart tells me he sees ai as a tool and not a threat >> a new technology that presents itself, you have to embrace the space of new at all times. you know, i think seeing it through the test of time, we all will learn more about it, discover its durability and possible longevity for us, it's about finding the proper ways to align ourselves with it. if it fits the need or the want for us as a brand, then we'll embark on the space and place when it presents itself. right now it's just looking for the right discovery and placement for that to happen >> reporter: now, hart is looking at these ai tools across his multiplatform media business, which includes a studio for making tv and movies and media company that invests in music publishing, gaming and live events as well as a

julia boorstin is monitoring it and bring us the latest headlines as they cross. >> fresh data includinglli once again, hey, rick. >> let's start out with our april read on construction spending expected to be up 0.2% it's a barn burner, up 1.2 that's the best level since november now you see interest rates moving down most likely that has to do with the following data points ism manufacturing, 46.9. 46.9 that means that is the seven in the a row under 50 in contraction territory. prices paid. 44.2 that is the lowest level of the year and prices paid going down is a good thing most likely explaining the drops in yield. that is the lowest prices paid since december when it was a whisker under 40 we have seen a little bit more buoyant in the rearview mirror prices paid 53.2 that's a great drop. on the employment scene, considering this employment week, employment friday, tomorrow, 51.4 51.4 that's the best read going back well all the way that's pretty good, you have to go back to march, march to find a better read march of last year finally on the new order side, not good news, the ninth

be able to eventually cut jobs. >> thank you interesting, of course generative ai everywhere julia boorstin have a great weekend another hour straight ahead. you need to hire. i need indeed. indeed you do. indeed instant match instantly delivers quality candidates matching your job description. visit indeed.com/hire we planned well for retirement, but i wish we had more cash. you think those two have any idea? that they can sell their life insurance policy for cash? so they're basically sitting on a goldmine? i don't think they have a clue. that's crazy! well, not everyone knows coventry's helped thousands of people sell their policies for cash. even term policies. i can't believe they're just sitting up there! sitting on all this cash. if you own a life insurance policy of $100,000 or more, you can sell all or part of it to coventry. even a term policy. for cash, or a combination of cash and coverage, with no future premiums. someone needs to tell them, that they're sitting on a goldmine, and you have no idea! hey, guys! you're sitting on a goldmine! come on, guys! do you hear that? i don'

expectations appearing high, stalling dtc subgrowth challenges surrounding espn's move to disney julia boorstinpens with this self-deputy ra indicating line that this is the bottom but they have their doubts. >> the theme park business has been such a consistent driver of disney's top and bottom line in the past toum couple of years, surging coming out of the pandemic they say the numbers more recently are not looking as good as some had hoped. there's the question how resilient will it be if the economy turns lower? and how dinner shated is disney plus and the hulu business from other streamers? this analyst note saying, hey, maybe they're not so differentiated maybe their ability to build customers is not looking much better than the likes of smaller players, whether it's a paramount or netflix on the larger side. i think there's this question here of also so many different types of uncertainty right now, not only how are they going to manage this spinoff of espn plus eventually but also what will the future of hulu look like they're expected to buy out the remainder of their stake from their

today it's paramount rolling in showtime into paramount plus our julia boorstin with more on the ever-changingpe. >> reporter: services that debuted as a la carte are being combined to help smaller players compete with giants like netflix and disney and offering more content could help minimize turn and open the door to these media companies raising prices paramount's new service costs $12 a month, up from $10 for the app without showtime and this comes after the media giant's shares plummeted on its last earnings report which revealed growing streaming losses bank of america, the buy rating on the stock noting management pointed to $700 million cost savings from integrating showtime and this bundling is part of a broader trend. the bundling of hbo and discovery into max disney announced it will merge hulu into its disney plus app and comcast announced a $20 a month along with the peacock premium subscription netflix adding games is creating its own different type of bundle so, carl and morgan, the question is whether this new bundling points to the need for more immediate consolidation that i

for that, julia boorstin and then there is meta, just $2 away from its new high as well up 3% today.ight, scott shares rising 3%, bringing year to date gains to nearly 139% this comes after city raises price markets, up from $315. the stock is still below $290 right now. they believe reels is experiencing greater advertiser adoption and believe meta's investment can deliver incremental usage to users, creators and advertisers this comes as meta's whatsapp business announced it topped 250 million active users, up from 50 million users three years ago. also announcing new tools for the platform, easier add creation of click it to whatsapp ads. and you can personalize messaging to users. >> julia, thank you very much for that mike, i turn to you. the stock just had a minnesota ster of a year. >> yes. >> as we debate, what, 36? >> no. forward on meta is low 20s >> this. >> it is basically at its five-year average. you had that big crash and people got more comfort with the margin story now, in fact, it's barely eclipsed alphabet again. it's getting revalued as a play that people feel is

julia boorstin for the cnbc news update. >> kelly, three families filed a class action lawsuit over the theft of their loved ones body from the harvard mosh. they accused the university of abandoning the bodies instead of carrying for the remains after the morgue's manager wife and several others were indicted for trafficking stolen human remains. >>> new government data shows pedestrian deaths have shot up 77% in the u.s. since 2010 auto report from the governor's highway safety association found 20 people were killed each day last year while walking. road safety experts think the rise is because of pandemic fueled reckless driving, more people buying bigger vehicles and more people moving to the suburbs. where roads are not always suited for pedestrians. >>> a law that took effect in florida this week prohibiting some chinese citizens from purchasing property is unconstitutional the doj said in a filing the law violates the federal fair housing act and equal protection clause florida governor ron desantis signed the bill into law in may. it places restrictions on some citizens of cuba

. >> julia boorstin with a news update, thank you very much. >>> still to come on the show, domino's doubling down on delivery the company launching a new pinpoint system to deliver food anywhere even off the beaten path we will speak to domino's ceo coming up next ♪♪ at morgan stanley, old school hard work meets bold new thinking. ♪♪ partnering to unlock new ideas, to create new legacies, to transform a company, industry, economy, generation. because grit and vision working in lockstep puts you on the path to your full potential. old school grit. new world ideas. morgan stanley. i remember being on aau trips, high school games. my mom would always say, "you need to fuel the body and you need salt." i would always be the kid not cramping, ready to go. fast forward 20 years and i go from eating salt out of my palm to drinking lmnt. sleepovers just aren't what they used to be. a house full of screens? basically no hiccups? you guys have no idea how good you've got it. how old are you? like, 80? back in my day, it was scary stories and flashlights. we don't get scared. oh, really? mom c

julia boorstin is on the southern french coast and julia, what do you have coming up for us >> well,rtising festival and i'll be joined by kevin mayer, the ceo of candle media, the former ceo of tiktok, and disney's former streaming chief. the future of tiktok and so much more that's coming up after the break. across the globe, industries are transforming and businesses need to navigate the changing landscape to stay ahead. when you partner with barclays, every change leads to a bold possibility. you have the vision. we have the insights, financial solutions and global perspectives to help you make it real. barclays corporate and investment bank powering possible. >>> welcome back to "squawk box. right now, we want to get back to our very own julia boorstin, who is standing by in cannes, france she is joined by another special guest. julia, good to see you again what do you have for us this time around? >> thanks so much, becky german i'm joined by kevin mayer, former head of streaming for disney and tiktok. just today, just moments ago, you announced that candle media, your company

. >>> coming up, the ceo of the trade desk joins cnbc's julia boorstin live from the festival to talkoogle acquired waze orie leven will join us to talk generative ai technology, the future of big tech and the state of startups. we'll be right back. at pnc bank, you can find us in big cities and small towns across the us, where our focus is to always support the people who live and work there. because you call these communities home, and we do too. pnc bank. so, you've got the power of xfinity at home. now take it outside with xfinity mobile. like speed? it's the fastest mobile service around. with the best price for two lines of unlimited. only 30 bucks a line per month. that's hundreds in savings a year when you wave bye to the other guys. no wonder xfinity mobile is one of the fastest growing mobile services. you really shouldn't walk out the front door without it. switch today at xfinitymobile.com. >>> julia boorstin is in the south at france at the cannes lions festival good morning good day >> good morning to you, joe. yes, that's right. the afternoon here at the cannes lions ad

julia boorstin joins us now. >> good morning to you well, the familiar star of harrison ford is backoping the film draws movie-goers en masse this weekend the indiana jones sequel is projected to bring in over $65 million the fact that the movie cost a reported $295 million to produce plus more for marketing does raise the bar for it to hit profitability. the question is whether this coming weekend continues the trend of that summer i think the box office is running 1.8% and down 19% since 2019 because of the writers strike, actors are not appearing on late-night films to promote its shows. now, take a look at theater chains they are still in the green for this year, particularly cinemark, immess and. >> now we want to be more cautious about the opt sich could rebound to free pan for tg "mission: impossible" sequel and of course the "barbie" movie, which has been getting so much buzz >> what are we going to see? "oppenheimer," i hear, is only for certain people with calm demeanors, i think what have you heard, julia >> i mean, i'm very curious to see all of those movies. i, for one,