that news not impacting the stock very much. >> thank you, julia boorstin. >> ever since a possible bann assumption, those tiktokers would have to go somewhere else. seems like they are giving the u.s. government, a "see what i can do," i'll say that nicely because the other way is not sanctioned by ftc. this is not owned by bytedance, but it is another shanghai- based company. >> i think it's a fascinating dynamic. the assumption was that if there is no tiktok, they will move to reels. but that's not the case. they are moving to red note. i've seen people on tiktok say, they would rather write their social security number and put it on a post-it note and put it on xi jinping's head. >> there's some talk, too, that some of these people who have moved to red note. will do weekly bans. reels, what's app. et cetera. >> there is a certain sense of irony, that mark zuckerberg has cozied up. >> there's a lot of goofiness going on here. but at the end of the day, i'm not sure the app is banned. i think you can't download it. there's a host of other things. but isps would have to block it. >> i

julia boorstin has more on this now. melissa, meta says it aims to restore free expression and says it's replacing it third party fact-checking with what they call a community notes model, which is similar to x's approach. the company is also allowing more political content on its platforms, it's removing restrictions on subjects including gender and immigration. with policy enforcement now focused on what they call illegal and high severity violations meta is also moving its trust and safety and content moderation teams from historically democratic california to historically republican texas. ceo mark zuckerberg saying the changes will correct the censorship it mistakenly allowed on the platform. this is zuckerberg's latest signal that he's eager to work with the trump min stras. last week, joel caplan was announced to replace nick clegg as head of meta's global policy. and yesterday, the company announced that longtime trump ally and supporter dana white is joining meta's board. zuckerberg addressing criticism of censo

julia boorstin with all the details there. guy? >> the best. stock has been fubar for the last couple of years. today's move not withstanding. i mean, this is flatlined for the last few years. with that said, disney is the one that's interesting. to me, it's because they've gone from playing defense now seemingly they're starting to play a little offense. chris can speak to this. we traded up to in november the same levels we traded up to in march, about 120, seemingly failed, but you know, as we get closer to earnings early february, i think disney is a name that could surprise people to the upside. >> it's a name we put on our list of real potential leaders in 2025. the stock peaked four years ago, peaked in march of 2021, it's been a 60% decline, it's been a devastating bear market, we've spent the last 18 months basing. i agree with guy. you start to push this up through 120, it's a very meaningful breakout. >>> coming up, united's starlink surge and uber named a top pick. >>> plus, a tariff tweak. trump's potential shift in his tariff plan

julia boorstin, we have details in the last hour about microsoft making some job related news and youa as well, right? >> that's right. earlier today meta announcing it is looking to get 5% of its employees, lowest performers, with the goal of back filling those roles this year. mark zuckerberg saying in a memo, i decided to raise the bar on performance management and move out low performers faster. the company expects to reach 10% of nonregrettable attrition by the end of the current performance cycle and will quote, provide generous severance. meta shares ending the day down nearly 3%. shares were down before that news. snap shares are also off today nearly 7%. these three stocks seem to be responding to rumors that elon musk could buy tiktok's u.s. operations despite tiktok telling cnbc they can't be expected to comment on pure fiction. td cowen reporting that even reports of that is seen as negative for its rivals. a thank you, julia. all right. cory, tell us about signet, worst day in nearly five years. >> far from the sparkling holiday for signet jewelers. parent of jared's, kay

that is julia boorstin. now, the energy space. what we know?evels of the day but still down 5%. the company is nearing a deal to buy a equity owned independent power producer. last year it was reported that they were exploring options. perhaps not too much of a surprise that constellation could be a suture given a combo of gas and geothermal units. constellation narrative, the price tag could be $30 billion including debt and some of the stocks downturned on worries that the price tag could spark incremental equity needs and therefore dilution. constellation is also one of the top s&p stocks in the last year with shares doubling on the back of nuclear power enthusiasm. constellation did not return requests for comment. alpine-x owners declined to comment. >> thank you. that is it for stevens. i will turn back over the next 10 days and we will continue to game out the trump administration, the pluses and the negatives in terms of what it could be for the economy, rates and the market. we may not have answers for a few weeks until we get some exe

and here to tackle it from multiple angles, julia boorstin has the deal details. s is here to talk about the ad implications. julia, kick things off for us. >> well, kelly, hulu plus live it'd and fubo has 6.2 million lye streaming subscribers. youtube had 8 million subscribers as of its most recent announcement. their deal is a testament to the pressure to scale. disney will own 70% of this new company in fu borks. shareholders will earn the remaining 30% of the combined company. both services will be available to consumers separately and fubo will create a sports and broadcasting offering featuring disney's networks. fu-bo ceo saying this also allows it to offer skinnier sports bundles. fubo is expanding its offerings and more leverage in its carriage negotiations while disney gets greater distribution. they will benefit from synergies. under this deal, fubo settled litigation with disney and partners this sporting streaming service venues. venue's co-owners, disney, fox and warner brothers discovery will make a $220 million payment to fu-bo. it is projected to h