julia boorstin, did i read that right or am i slowly going crazy.its best day in two years? >> that's right. snap shares are now up about 28% today, better than expected results and guidance reported after the bell yesterday now action for the first time, the company issued a full year expense outlook, which shows stabilizing expense growth, this driving a number of upgrades and positive analyst notes though are a little bit more cautious wells fargo saying snap is showing signs of progress but they, quote, likely need solid quarters to rebuild confidence in the snap recovery story i spoke to snap ceo evan spiegel earlier today on "money movers." here's what he said about advertising demand >> businesses are using digital advertising to really efficiently drive more demand. and i think, you know, overall, the economy has remained healthy. the consumer has remained confident and still spending i think it's a constructive backdrop for the advertising business >> spiegel also stressed how the company's investments in a.i. for content recommendation as

julia boorstin. christina, what expect from cadence in overtime? >> a lot.esigns, known as eda, shares are up right now but down 10% on the month. piper sandler is betting that design programs are going to be what sets companies apart in the future as chips become more and more complex to design and manufacture. which is why they believe the electronic design automation space will be more essential. it's cadence and synopsis. the two yellow bars, they have outperformed the last decade or so. nvidia recently expanded the partnership for cadence, so expect to hear more about that on the earning call tonight. key bank analysts say it's good for cadence and raised the plus target for $340. they say cadence's recent deal with intel foundry should help keep up the backlog. it's positive on this end. >> we'll see what happens. back to you mike santoli with a minute to go. tesla tomorrow. >> yeah. >> feels like they kitchen sinked a lot headed into this number. >> it's hard to think there's an outright negative surprise. historically tesla stock doesn't do well when

mike santoli here to break down the trading day and julia boorstin on salesforce heading for its worstmike, what's on your mind as you see stocks worsen? >> they did worsen as treasury yields lifted. basically you have the bond market searching for the pain point of not just stock investors, but the economy to a degree. yes, i agree with the conversation tlaerl we're seeing yields go up for positive reasons on balance, which is the economy is holding up better and seeing hot retail sales number and the manufacturing stuff inflect higher. all that is good, but it can be self-undermining and the consumer stocks are not celebrating a strong retail sales number. i think that's the main dynamic, especially over the last ten days. you know, the tlt long-term treasury yield marching the stock market down in the context of a market primed for some excuse for a 3 to 5% drop. 3.5% off the highs, persistently over bought in an up trend to cracked the momentum, broke the short-term uptrend and after today probably oversold. the vix went up to 20. all those dynamics seem to be falling into place ev

to get back on the call we're going to check in with you later. >>> we're going to go back to julia boorstino has been listening in while we've been talking to you, gene, what else can you share, julia >> yeah, i've been listening to mark zuckerberg talk about continuing to invest massively in a.i he talked about the rollout of this latest -- the latest a.i. chat bot and how the results of all of their investments, they have lama-3, it quote leads me to believe we should invest even more to build a.i. he says, we will continue focusing on operating the rest of our company efficiently, but even while shifting resources to focus on a.i., they will -- we will grow our investment meaningfully before we make revenue from some of those products so, they talked a lot about how they're already seeing a.i. accelerate, the potential and the impact of some of their ad businesses, but what he's saying here, as they work on the large language models, as they roll out the chotat bot, they're goi to double down on the a.i. investments. they have drawn so much criticism about overinvesting, perhaps, in the

julia boorstin. i know you guys watched it. >> absolutely did. i know you're saying that somewhat in jest. >> i know you were. >> if you told me you can only watch one game over the weekend, tonight's men's final or yesterday -- it's the women's game. >> the rakers hockey? >> that's a different thing. >> we don't have enough of a show to do the business of sports here, but part of the problem with collegiate athletics, it's fantastic these kids are getting paid, especially those who are ringing the register for schools. the women's game has been so great to follow the pathway. interesting to see where they go in the pros. we've been watching south carolina for years, we've been watching uconn for years, iowa for the last few years. caitlin clark and her teammates. the whole story has been extraordinary. much more interesting. is there even a game tonight? >> yes. but again, i mean, given the choice between -- >> i'm kidding. >> yeah. >>> earlier today, in an interview streamed live on x, elon musk predicting that artificial intelligence will be s

plus, julia boorstin on what to expect from meta in overtime.tle also out in the next hour and kate rogers is watching that for us. mike santoli, we are loitering now, just waiting around. we need to have some activity here. >> we know some of the most important cells in the market spreadsheet will be filled in and even more after today. meta, before its last earnings report, was a $400 stock. races to 510, has pulled back 7% from there, so is hard to say that the bar is low, but it represents 2% or so of s&p earnings, much more than that of the growth. so, yes, it does matter. i do not think that is all that matters, but i think the market welcomes the opportunity to fixate on the earnings story. and ddp finished out, final estimate is 2.7% first quarter annual growth, real growth. 2.7% pce may be coming on friday, that is 5.5% nominal growth at an annual rate. seems like we should make our numbers on earnings. not just for that reason, but for others. i think we are comfortable there. they are on the radar, you can't get away from the fact tha

julia, b boorstin. karen, you own live nation >> i've owned it for a decade, if not longer.ndous business. their fly wheel of, you know, sort of controlling arenas, having ticket master, having a relationship with the talent, it's really quite an extraordinary business, all around the world they have been dogged by ticketmaster and some other things for awhile. i would not be surprised if -- i mean, this is sort of a juicy one on the face of it, for the ftc. >> yeah. >>> tesla dropping more than 5% today after the ev maker announced it will lay off more than 10% of its global work force. following the news, the stock has dropped more than 35% this year and is now at its lowest level since last may cnbc's phil lebeau has more on this hey, phil. >> hey, he limelissa. usually this is good for the stock, it gives it some support, moves higher not the case with tesla today. in part, because people are saying, is there something more than will happen here? 10% of the global work force is being let go they announced that in a memo today. that's approximately 14,000 of the workers,

julia boorstin's got the details. ratings for the men's ncaa finals are out, averaging 14.8 million viewers across tbs, tnt, and tru tv. that is up a hair from last year's 14.7 million viewers, which was the lowest on record. but these numbers were well below the ratings for 2 wthe women's championship. that game between south carolina and iowa brought in 18.9 million viewers on abc and espn on sunday. that was up 90% from the viewers for the prior year's women's game. it was the most viewed basketball game, pro or college, men's or women's, in five years. now, it is worth noting that the women's final aired on abc, so, it was available to more viewers, and the men's game was on cable, tbs, tnt, and ru tv, while the men's final was a late monday prime time slot, it ended after 11:00 p.m. eastern. the women's game was on a sunday afternoon. so, fascinating to see the division there, the gap between the men's and women's ratings. >> julia, thank you. >>> boeing shares down 2% today after "the new york times" reported th

let's bring in julia boorstin on the social media angle here and emily, we'll begin with you. the house passes it, how likely is it to pass the senate? >> at this point it looks very likely to pass the senate, contessa. because number one it's partnered with the $95 billion foreign aid to ukraine, israel, indo- indo-pacific. we know that's popular with the senators. plus tiktok has bipartisan support in the senate. you have senator maria cantwell, the chair of the committee on commerce, they've overseen tiktok, she came out and endorsed the house bill. on the republican side you've seen senator ted cruz endorse the bill. you've seen mitch mcconnell endorse the bill. so you have a lot of bipartisan support. certainly we're not expecting everyone but we see a majority of senators coming out to support the legislation. >> a tiktok spokesperson released a statement saying it's unfortunate that the house of representatives is using important coverage of humanitarian assistance to jam through a ban bill. it makes it sound like it may have passed if it had been a stand alone bill. >>

maintain the level of growth that the company has now reset to particularly from a sales standpoint julia boorstin certainly watching that as she waits for this report like the rest of us in overtime. continuing this revenue growth >> yeah, that's absolutely right, scott after meta blew past expectations last quarter, it is expected to continue to accelerate its revenue growth now to 26% in the quarter, and that's anticipated to be 96% growth in earnings per share now meta is expected to benefit from tail winds, from reels, from the advantage of the a.i. tools driving results for advertisers as well as a solid digital ad market as well as some early revenue coming from messaging. but meta shares are up about 132% in the past 12 months they're up about 40% year to date so analysts are starting to note that expectations are very high. jpmorgan writing, quote, first quarter ad checks were solid and meta is emerging as an a.i. leader among ad names, but comps are getting tougher through 2024 now a.i. will certainly be top of mind on today's earnings call after meta's a.i. assistant rolled out just las

julia boorstin has the details what did we learn from the conference call?e's a lot of moving parts in this story >> we learned basically nothing from the conference call it was only nine minutes long, with zero q&a. the company just reiterating its big news that ceo bob bakish is out, replaced by newly created office of the ceo, which consists of cbs's ceo, ceo chris mccarthy, and brian robbins. they are meant to work closely with the board, but there was no comment on who overseas streaming, and this is meant to be temporary or permanent. today's changes seem designed to make it easier for the company to do a deal, but there was no word on skydance's best and final offer for paramount global made yesterday, or whether sherry red stoen will entertain an offer from apollo and sony, which is expected to come as early as this week there was also no word on tomorrow's deadline for paramount to negotiate a deal with charter, which, courtney, is a very big deal for its value. >> absolutely. there's so many questions unanswered only nine minute, no q&a thank you f

for more on what's next for tiktok, let's go to julia boorstin. good to see you. >> hey, courtney. that's right. tiktok is fighting this legislation, and if the bill is signed as expected, tiktok is expected to fight it in court. the company saying that a ban would, quote, trample the free speech rights of 170 million americans, devastate 7 million businesses, and shutter a platform that contributes $24 billion to the u.s. economy annually. bernstein says that if a tiktok ban does happen, a potential $16 billion in 2025 ad revenue could be up for grabs. and that meta would be a big winner from a potential tiktok ban, because it has the highest overlap in tiktok creators. and with americans spending more time on tiktok than any other social platform, in addition to the benefit to meta, youtube and also snap could also see a boost in terms of user engagement, as well as ad revenue. bernstein projecting that if tiktok is banned, snap's revenue would grow 37% next year, versus 14% with no ban. youtube would grow 23%, ten percentage points higher than without a ban. meta would grow 18%

julia boorstin is here with the latest >> yeah, those shares just soaring in a way we haven't seen snapr in the past two years, after earnings results. snap's ceo talking on the call, just moments ago, about how they've been working to accelerate and diversify their revenue growth, that is indeed working, with revenue growth accelerating in the quarter to 21%. up from just 5% revenue growth in q-4 the company's second quarter guidance also ahead of expectations on every metric spiegel saying their a.i.-driven ad tools are growing to grow engagement and to ad revenue snap announced its subscription service hit 9 million subscribers, triple the number last year. that's driving revenue in this other revenue segment. that revenue up 194% in the quarter. plus, for the first time, snap gave its full year operating expense outlook between $2.43 billion and $2.53 billion, that indicates that spending on a.i. and infrastructure is stabilizing. i'll be talking about all of this and more with snap ceo evan spiegel coming up tomorrow morning in "money movers." back over to you >> julia, thank you.

. >> yeah, i think, as we pointed out, julia boorstin's pointed this out, some of the agenda are similarth sides. there's no question, this is really about profitability and cutting some costs. there are some dynamics, i think, around the streaming business that are really -- it's as if we're having this theme tonight, companies that were not making money that at some point need to show they can be profitable in a core part of their business and the guidance we've gotten from the company is really amazing. it's been a significant turn. the valuation still makes a lot of sense, even after a massive move in the stock. guy's marked this many times. where was the bottom? >> 77ish, yeah. >> amazing. >> i think the environment is still for the stock to go higher. >> given that run and the selloff, it had every opportunity to sell off, take profits. it was higher on the day. i'm with tim on this. may report in early may, i think you stay with it into earnings. >> you like disney? >> i do. you want to kind of put the proxy battle aside. this is a company, they're increasing cash flow, their stre

julia boorstin just spoke with the ceo. what's the latest?ating across the board, including adding 13 million more monthly active users than anticipated. now topping a half a billion monthly active users. the ceo spoke about making pin trys trest shopable is paying off. it's been a huge tailwind. he also talked about the company's investment in new generative a.i. add creation capabilities, as well as tools to optimize and measure ad campaigns. when i asked if pinterest is benefits from the broader digital ad comeback that's bolstered some of its rivals, he said that the macro ad environment is more constructive now, and then in response to a question about the impact of uncertainty around tiktok, ready said that pinterest is thriving when it comes to gen-z. the fastest growing and now largest demographic, saying that gen-z appreciates pinterest as an oasis away from what he called toxicity elsewhere on social media. melissa? >> it does sound pleasant. oasis. >> the revenue beat was huage. that's great. arpu, in the u.s., which is their -- >>

julia boorstin spoke with dana. all i can say is this is a company that is chronically undervalued, and i don't understand it. can't people understand it's a good company? it's a subscription business. if you have a subscription business, the stock can go higher. now, netflix when they talk about the idea you can no longer multiply the person by the fee, that was so hated. >> netflix saying a year from now they're going to no longer give us apis. >> killed it. just give it to us. >> by the way, why did you need to tell us a year out other than you think they're not going to be so good? >> it was a suboptimal call. i love netflix. that call was like let me be the bad guy. >> how about wells taking disney to 141? >> oh, my god. that was like, wow. nirvana, talk about the parks being strong. the stock has been weak since nelson didn't win -- >> the market caps are converging once again, netflix and disney. it's always interesting to watch them. netflix is still, let's call it, 40 billion, almost 40 billion bigger. >> y

i'm julia boorstin.ate will begin the impeachment trial for alejandro mayorkas this afternoon. he faces two articles of impeachment refusing to comply with federal immigration laws and allegedly making false statements to congress about the homeland security department. the democratic-led chamber is expected to vote to dismiss or table the articles. >>> britain's foreign minister says israel has clearly decided to retaliate against iran for weekend missile and drone attacks. he made the comment during a visit to israel today. it comes after prime minister benjamin netanyahu insisted israel will do what it deems necessary to defend itself. >>> and former u.s. senator and florida governor bob graham has died. he gained national prominence as the chairman of the senate intelligence committee in the aftermath of the 9/11 terror attacks and as an early critic of the iraq war. he used his opposition as a focal point for his unsuccessful presidential campaign in 2004. bob graham was 87 years old. sara, back ove

julia boorstin spoke with the company's ceo and she joins us right now. . well, spotify beat on the top line by a hair and on the bottom line by a meaningful margin of 30 euro cents. i spoke with ceo danielle ec. and he told me that the company focused on monetization and efficiency has paid off with their margin skpangs their guidance to continue that margin expansion. eck telling me, quote, there are lots of different things that are adding to the story of this gross margin beat and i feel really good about that, because the team is focused on being very resourceful in everything we do. "x" saying that the price increases that spot any has rolled out reflects the new tools and content that they've added to the platform. they also say that ai has had a massive positive impact on the company, saying, quote, it's really infusing every single part of spotify and it makes us not just have a better consumer offering but a much more efficient economy. it's definitely a key part of our strablg going forward. i asked eck about spotify's battle with apple. saying

julia boorstin joins us right now with a look at what's next. ome pretty big developments. >> yeah, and also some pretty big stock moves. paramount shares lost over 4% yesterday on a dow jones report that four board members are sk expected to leave in the coming weeks. with yesterday's declines, paramount shares are down 22% for the week, a week where it started negotiating exclusively with sky dance. the stock is now down 38% since december 10th, when it was first reported that sky dance was exploring a possible merger with paramount through national amusements. the three investment firms have now sent letters to paramount's board, raising concerns that this deal would be dilutive to shareholder value. yesterday, aspen sky trust, which owns over 6 million shares, joined matrix asset advisers with about 350,000 shares and blackwood with over 100,000 shares. matrix's chief investment officer writing, quote, the vast majority of shareholders would not receive a similar premium and would be forced to finance a speculative investment in skydance. but

important, maybe, than the latest numbers is what the company is saying about its future and julia boorstinright a source close to the situation tells me skydance made its best and final offer to controlling share holder redstone yesterday and the board could out ceo bob bakish and announce a new leadership committee to replace him early as today expected to grow revenue to nearly triple earnings per share but investors most focused on the deal that controlling shareholder shari redstone will or won't make for the economy. now in talks with a deal and if it goes through, ceo of the new company and former ceo and sending a letter to paramount global friday flagging concerns saying "we believe outside of shari redstone universal agreement among paramount shareholder skydance is a bad deal not ththeir interest. agreeing, i reiterate this deal stinks and looks as if it will close in may shari redstone has power to do whatever deal she wants. shares down since the news first broke shari redstone was looking to sell her stake. now sources tell me sony and apollo to commit their alternative propos

julia boorstin joins us with more on all of this. you, becky. tiktok is certainly far bigger than it was when it last faced a potential ban, but now as this week's senator mitch mcconnell called for action towards banning the app it is facing a new challenge of keeping up its growth. yesterday tiktok did have a big win. taylor swift songs returned to the platform after a ten-week hiatus. this ahead of the release of her coming studio album next week. but tiktok and universal music group, the world's largest music label, continue to be in a standoff. the label pulled its songs from the platform and accused tiktok of trying to bully it into accepting a deal worse less than its prior contract. this comes as tiktok rolls out a new app called tiktok light in europe. it gives users awards, financial rewards for engaging on the platform or inviting fan friends to sign up. it is in the early stages of experimentation with a new app called nodes that's for sharing photos with captions though the company says there are no plans yet to make it b