now, look at snapchat. the stock soaring nearly 24% today on the back of a big beat and that monster move has tony licking his chops that another social media name might step up to the plate it is about, tony, who >> the stock that we want to take a look at here is pinterest. because going into earnings, looking at snapchat is a good analog of what we may expect going into pinterest earnings next week. if you look at chart for snapchat, what is interesting is that the stock in the pandemic lows rally from $8 to $73 which is roughly an 800% return over that period of time. and then it spent the last five months consolidating within a tight range and finally broke out yesterday on earnings. up as you said 24% here today. now if we take a look at the chart for pinterest, you have an almost exact same setup. the stock rallied from about $10 pandemic lows to about $90 here in february. that is roughly also 800% return and over the past five months it has done the exact same thing, consolidated to the side and wh

. >> snapchat tv. the streaming service partnering with the app to bring you your favorite shows. >>> a live look at the bay bridge toll pl quite about this morning as we get started with the day. vianey has a look at the commute for you, kari keeping you updated with the forecast and laura and i have you covered with the news. more ahead on "today in the bay." why o-cedar ? because when i get home, we like to play crocodile on the floor o-cedar easywring removes over 99% of bacteria, even with just water... easy and truly clean floors o-cedar. it feels great to feel at home >>> good wednesday morning. upper 50s right now. temperatures hold steady through about 7:00, 8:00, and then we start to warm up. a lot of sunshine today and it's going to be a nice one. we'll talk about what's aheadg minutes. >>> and let's get a quick check of your south bay drive times. northbound 101 from 85 you're looking at 18 minutes. there were slight delays along 280 no more, clear from highway 101 to highway 85. 7 minutes.

last year steps revenue exceeded expectations, jumping 116% to 982 million snapchat is being credited with keeping up with its rivals by investing in augmented reality end creating spotlight which is a tiktok clone. home prices have hit an all time high. now the median price for home in the u. s hit a new record at 363 in june, and that's up almost 25% from a year ago, according to the national retail or national association of realtors. that breaks up the previous record, said in may of this year, nearly 90% of homes are sold within a month. properties were typically on the market for 17 days in june. governor newsom today signed a multi billion dollar plan that he says will expand childcare to thousands of more children across the state. as ktvu tom baker explains, the budget bill more children will have access to care and includes a 15% pay increase for childcare providers. it is my honor to make this a. california is the third least affordable state for childcare in the nation by signing the $2.6 billion traveled care and early education bill 40,000 members of childcare providers,

anybody can snapchat on snapchat now can view episodes of more than a dozen hbo series for free withd playback so everybody is able to stream the same title together. hbo max has continued to see subscriber growth, more than 40 million domestic subs in q1. we'll get q2 numbers in the morning. >> and the interactive element speaks to what alex was talking about at the top of our show, thinking about tailoring gaming interaction watching to the community. so interesting development there. meanwhile, the cult of we is a new book don't miss the inside look with the authors and what they see as the parallels today. zillow, shares are down almost 20 pins since january. they initiate with a buy shares up about 2.6% today more on that call on cnbc.com. we will be right back. stay with us [swords clashing] - had enough? - no... arthritis. here. new aspercreme arthritis. full prescription-strength? reduces inflammation? thank the gods. don't thank them too soon. kick pain in the aspercreme. >>> a moment of extreme investor rub ris, i call up with two authors yesterday who were all over adam ne

snapchat and twitter, respectively. orange line will be facebook, google, other social media companies around the world . and you can see that snapchat and twitter have actually been been outperforming the benchmark . they're leading the group forward. competitors, with good earnings, it translates into some positive share action for pinterest. you may start to see that ad revenue, it's coming back. it could possibly affect their line too, emily. emily: all right, thanks so much for the round up. appreciate it. we're going to get more on those results with dan morgan, the senior portfolio manager. so dan, a few things not working in intel's favor here sales . following slightly short -- favor here. sales are falling short, and the server chip business up, down year-over-year. what's your take away? dan: i'm more optimistic than i think the street is. they also beat in their data center group. they did almost $6.5 billion in revenues. i think what we have to do is kind of take a step back and realize that intel is in tra

the court ruled that she couldn't be punished because her snapchat wasn't on school grounds.was 8-1, with the lone holdout, clarence thomas-- ( audience groans ) who later issued a scathing dissent on snapchat. ( laughter and applause ) yeah. that was clarence thomas, that's true. that actually happened. that actually happened. hold on! i'm being told we're getting breaking news on the new york city mayoral election. ♪ ♪ ♪ in the democratic primary, with 84% of precincts reporting, "the late show" is ready to project that no one knows anything. ( cheers and applause ) zilch. ( piano riff ) so far, brooklyn borough president eric adams is in the lead. but he did not get 50% of the vote, so it's anyone's guess who's going to win in the end. one person has already voted himself off the island of manhattan: that's former presidential candidate and man who is going to give you a great deal on this american flag-- andrew yang. last night, yang conceded the race. this has got to be a disappointment, because yang started strong, but in the end, he was betrayed by his longtime friend:

you must have seen it popping up in your amazon shopping app, perhaps pinterest, even snapchat helpingd and buy products online. and there are also more useful applications like aipoly vision, which describes objects to its visually—impaired users. but perhaps most powerful image recognition tool of all of them is the google lens. it has been around for about four years, but now seems to be having its day, with the company claiming they have over 3 billion users logged every month. and it's actually quite simple to use. first you point your phone at something — like my cat, here, neo. you press search, and then the app asks google assistant what the object is. it tells me he's a black cat, and, funnily enough, being a black cat, he might actually be good luck. i didn't know that. the lens app in can translate text, tell you where to buy a shirt, and even cheat on your homework. the app's computer vision is pretty accurate. and lens is impressing in other unique ways — what i'll do to test this out is take a picture of this view in front of me, zoom in a little bit, get past the trees,

she posted a picture of herself on snapchat with a caption of eff school, eff volleyball. except she spelled it all the way out. school officials suspended her for violating school rules. she sued the school saying the suspension violated her first amendment rights. she one in the district court, taking this up a higher notch. finding that her snapchat post did not cause a substantial disruption at school and it reverts back to that protection of not being shed at the schoolhouse gates. they held that it was part of tinker that allowed the regulation of expression and is not apply at all because schools are limited at the schoolhouse and there is no special license for schools to regulate off-campus speech. this raise concern for many of us, a big pay -- case of the adl brief. it would limit the ability to regulate cyber bullying and other kinds of activity. and has an impact off-campus, including academic integrity issues. the court upheld the holding and said that public schools that have a special interest to regulate some off-campus speech. promoting good manners, prev

so, over the weekend away from school she posted a picture of , herself on snapchat with a caption offf school, eff softball, chair, everything. of course she spelled it all the , way out. after finding out about the posts school officials suspended , her from the softball team for a year for violating school rules and team rules. she sued the school saying the suspension violated her first amendment rights. she won in the district court, and the court of appeals in the third circuit taking this up a , the higher notch. third circuitthe district court granted summary judgment citing tinker and finding that her snapchat post did not cause a substantial disruption at school and therefore it reverts back to that protection of not being shed at the schoolhouse gates. the third circuit affirmed the judgment but held that tinker, that part of tinker that allow the regulation of expression, does not apply at all, because schools are limited at the schoolhouse gate. and there is no special license for schools to regulate off-campus speech. now, this of course, raised a concern for many of us

last time representatives of facebook and twitter and tiktok and snapchat and instagram and i made it absolutely clear to them that we will legislate to address this problem, mr. speaker in and unless they get hate and racism off their platforms, they will face 10% of global renew. we all know, mr. speaker, that they have the technology to do it. >> mr. speaker, promised for 3 years. i'm not sure it moves things that significantly. here i have the headlines, mr. speaker. boris johnson refuses to condemn fans for taking the knee. that's the story, that's the headline, june the sixth, boris johnson refuses taking the knee. it's not what the prime minister is implying today. it goes on the quote, the prime minister spokesperson, prime minister fully respect the right for those who choose to make feelings known. fully respect their rights. the home secretary said that it was a choice for them quite frankly. no condemnation there, no clarity there, mr. speaker. >> no apology. >> when senior double ministers and defend bullying of anticipate racist message, who do they think they are defend

lauder: most cards in those days where the snapchat's of today. see you at lunch today was one.iled before 10 a.m. and would arrive by lunch. we don't realize that this was before the phone was used before this time and email. i love the idea of postcards because i like the idea. dave: do you still have your collection or did you put it in a museum? mr. lauder: i have given 80-90% to the amusement -- museum of fine arts in boston and a good portion to new york city's gallery by my brother. i buy things to give them away, not to possess them. dave: one of the things you have given away is your cubist art collection which i am told is one of the finest in the world. what is it about cubism that makes you want to collect the art and why did you decide to give this billion dollar plus connection -- collection to the metropolitan museum of art? mr. lauder: i have given them almost half of it already. i love the idea of creating things. if i buy a postcard, it can cost me between five cents and a dollar. if i buy a picasso painting i can pay $60k-$100k. i love to hunt and search. i lo

next decade as people age up a little and see is it a generational difference, or an age difference snapchatt some of our content out there and let people sample it and get interested and find their way back to hbo max. you'll see us experiment doing that it is obviously huge contention, not just in s5, but screen time in general, and younger viewers are aware of that contention at its highest we expect a lot from this partnership and you'll see us expand that. >> now, the elephant in the room is that hbo max is soon to be merged with discovery, all of warner media is. i'm wondering what you think the combined streaming service should look like is it essential to bundle discovery plus and hbo max together, especially when you're going up against netflix, that has a slew of new shows launching into q4 and next year. >> i can't comment on the specifics of that. that will play out over the next year i would say that, you know, in are going to be a very small handful of, you know, fewer than five, number tbd, but five or fewer players that are truly global and thrive economically and deliver for

i had to learn how to navigate snapchat. >> brown: one of the five is los angeles-based artist rubenpiece “vendedores presente,” pays homage to street vendors, many of whom are working class immigrants from mexico and central america. >> it's essentially like a magical realism, whimsical lens of vendedores falling and floating down, eloteros flying around, a paletero cart approaching you, and paleta's popping up to a towering bucket of flores just spouting out flower petals. >> brown: the technology was new for ochoa, but he comes from a family of street vendors, so his monument was personal and potical. >> for me it was like, h do i address what's happening presently in l.a., what i'm seeing around me, what's occurring. i talk about my roots of my family, the informal economy. how do we pay tribute to that, but not just to one particular vendor or object, but it was more like the social fabric of vending. >> brown: in the height of 2020's social justice uprisings, many monuments were pulled down, many more raised questions: why do they exist? whomr what do they honor? do they need t

on top of that, you have the ceo talking about what he calls stabilization and early recovery in snapchat'story. that is how we got to know the site, those stories that disappear in 24 hours. it is not just snap responding to the results. you certainly see it in its peers as well. twitter had numbers out yesterday that went well not only for the second quarter but also third-quarter sales forecast beating estimates. we get the results from facebook next week, so as we go through those, there is sales growth galore at snap. the company is looking for 60% growth this quarter, which is really in line with what we have seen. matt: i cannot believe, snap is like a100 $25 billion company. i still do understand how it works twitter i get. the big behemoths are coming next week. dave: absolutely. when you talk about big tech, facebook is one of them. their results are wednesday. we have tesla on monday. apple and microsoft, alphabet on tuesday. thursday, amazon.com. you could throw a few other companies into the mix, but you are talking about a quarter of the s&p 500. matt: something like $6 trilli

>> postcards in those days were the snapchat of today.cards that say see you at lunch today. you could mail it before 10:00 in the morning and it would arrive in time for lunch where they were going. we don't realize this was before the phone was used all the time, before email, before everything. i loved the idea of postcards because i liked the idea of instant medication. david: what did you do with your postcard collection? did you put it in out museum somewhere? >> i gave 80% or 90% of it to the museum of fine arts in boston and a good portion of it to the nori gallery in new york city which was started by my brother. i don't buy things possess them. i buy things to give them away. owning things does not mean anything to me. david: one of the things you have given away is your cubist art collection. what is it about cubist art that made you want to collect it and why did you ultimately decide to give this billion dollar plus collection to the metropolitan museum of art in new york? >> i had already given them a most have already. i lo

. -- snapchats of today. i have some that say, "see you at lunch today."rive in time for lunch wherever you go. we do not realize that this was before email. i love the idea of postcards because i like the idea of instant communication. david: what did you do with your collection? did you put it in a museum? mr. lauder: i have given 80 to 90% to the museum of fine arts in boston and a good portion to a gallery in new york city, started by my brother. i don't buy things to possess them. i buy them to get them away. the only things that don't mean anything to make. david: one of the things you have given away is your cubist art the product -- collection, one of the finest in the world. what is it about cubist art that made you want to collect it and why did you decide to get this billion dollar plus collection to moma? mr. lauder: it went to them upon my passing. i have almost given them half of that already. i love the idea of creating things. now, if i buy a postcard, it could cost me anywhere between five cents and a dollar or five or 10. if i buy a picas

instagram snapchat tiktok and twitter.y are caught breaking the rules fines and even prison time or on the table. norway things that this new law will help curb the negative effect that advertising is having on children. can you imagine sitting in the jail cell and talking to another convict. what are you in for. i fix took out some crease line here. and what of magic that would never happen here. but it's interesting that they're doing it. all right. that wraps up kron 4 news tonight at 6 o'clock. we will be back at 8. >> have a good evening. 7.19. ♪ ♪ >> heroes of the pandemic. >> you got this! red, white, and blue confetti. >> then -- trump's first press conference since leaving office. >> we are going to impeach him. we are going to impeach him. >> and melani'as secret visit to new york. >> 12 hours of nonstop chaos. >> innocent bystanders are hit by bullets raining from the sky. >> plus, the hero team

in fact today's big move, being led by social media stocks following strong earnings results from snapchat, twitter had good numbers too so here is the thing do you chase the winners, do you buy the laggards or like so many of the experts, do you just keep waiting for a correction? i've got a great lineup folks with very strong opinions, but there is one area individual investors are getting crushed and that are the black holes of dark pools we'll go inside and expose some truth today, and china waging war on the most successful chinese businesses, now, it's u.s. listed chinese education stocks are plunging after regulators are cracking down on that sector, wiping out billions o of dollars in value, and we're looking ahead to next week, you got to see an infrastructure deal but more importantly, that may grease the skid for that $3.5 trillion spending plan. gulp! all that and so much more on " making money." all right, well there's another monster day for the market that continues to display remarkable results that really matches the commitment of the individual investor. that's right it's

charlie died after buying what he thought was a prescription painkiller through a dealer he met on snapchat it contained fentanyl. >> the drug landscape has changed. it's more line a minefield where their next move could be their last. >> reporter: the turnans' foundation helped create social outreach, bringing attention back to an epidemic overshadowed for months by covid. kate snow, nbc news. >>> as the u.s. struggles to get that crisis under control, democrats are launching a new effort to legalize a different drug at the federal level, marijuana. gabe gutierrez with the exclusive in our series "red, white and green. >> reporter: no longer considered a pipe dream, today top democrats rolled out a draft of their plan to try to legalize marijuana at the federal level. >> this is a historic day. >> reporter: first obtained by nbc news, the pot push calls for removing cannabis from the controlled substances act, expunging federal records of nonviolent cannabis offenders, and setting up regulations to tax pot products >> so do you have the votes? >> well, we're working on it. >> reporter: we

year, chris and a fellow black student were targeted by classmates who set up a slave auction on snapchatgroup that initially called itself "expletive auction" show the group pretended to auction the boys. one of them for $100, and another for $1. a week later, community members found flyers posted around town with the words "great sale of slaves" written on them. chris shared his painful story at the local school board meeting. >> if you think this has affected you and your job, imagine how we actually feel. when will we make the changes to ensure all of us feel treated fairly and safe? i spoke up to stand up for myself and every kid in aledo to show that's not okay and we shouldn't be treated different. >> reporter: chris wants the school board to take action to make sure this doesn't happen again. >> we're not going to just listen to everything they're going to say, we need to see them take initiative and change it. >> a lot of times when we take them to exhibits or we take them to marches or we take them to vigils of people who have been wrongfully murdered, we always kind of instill

instagram launching real, snapchat launching spotlight. so i don't know, guys, are you guys ready for doing those long dances? three minutes is a long time. >> 30 seconds i was cool with. three minutes is a video. >> almost the entire broadcast. >> right. >> certainly a music video. >> give beyonce a run for her money. >> we're doing two and a half hours live this morning. >> i think we're good. >> thanks. >>> coming up here on "today in the bay," a look at the forecast for you on this friday. kari, how is it looking out there? >> looks pretty good. we're stepping out the door to temperatures in the low 50s in the north bay. 62 in san jose. we're going to see not many up in a few minutes.cast coming >>> a smooth flow of traffic through freemont, northbound away from us down to the clock i guess would be the southbound side. a better orientation on our maps coming up. >>> plus, death mystery deepening, the strange set of circumstances after a college professor suddenly dies in yosemite. the plea to i'm morgan, and there's more to me than hi

football banning order regime, last night i met representatives of facebook, of twitter, of tiktok, of snapchat, of instagram and i made it absolutely clear to them that we will legislate to address this problem, mr speaker, in the 0nline harms bill, and unless they get hate and racism off their platforms, they will face fines amounting to 10% of their global revenue and we all know, mr speaker, that they have the technology to do it. mr speaker, we can all see what happened here. the government has been trying to stoke a culture war and they've realised they're on the wrong side and now they hope that nobody�*s noticed. why else would a conservative mp boast that he's not watching his own team? why else would another conservative mps say that marcus rashford spends too much time playing politics when he's actually trying to feed children that the government w o n�*t? i don't want to engage in a political culture warofany kind. i want to get on with delivering for the people of this country. he simply wants to get on with dithering. the snp's westminster leader quoted from some of borisjohnson�

expecting is going into earnings next week pinterest will see a similar follow through as we saw for snapchatt credit spread collecting $6.50 for that $76 put and paying $2.40 for that $66 put net-net i'm collecting $4.10 on this $10 wide credit spread. >> you probably know what happened next, pinterest tanked on the back of its results the stock falling more than 18% today. tony, what do you do now >> yeah, so trading earnings is volatile and that's specifically why we use options to play these earnings plays because what we want to do is we want to protect ourselves and control the amount of risk that we take if the trade does not go the direction that we expect it to as you said, it's down 18% we only lost about 8% of the stock's value by using this put spread when you have a trade like this the best thing to do is buy back the put spread, remove the potential risk of early assignment, take the loss and move on to the next trade. >> carter, was any damage done to this pinterest chart? >> well, yeah. and it's just as much damage is done in our short moderna meaning when something gaps down

you must have seen it popping up in your amazon shopping app, perhaps pinterest, even snapchat helpingy products online. and there are also more useful applications like aipoly vision, which recognises and describes objects to its visually—impaired users. but possibly the most powerful image recognition tool of all of them is the google lens. it's been around for four years, but now it seems to be having its day, with the company claiming they have over three billion users logged every month. and it's actually quite simple to use. first you point your phone at something — like my cat, here, neo. you press search, and then from there, the app asks google assistant what the object is that i'm pointing at. and it gives me an answer! it tells me he's a black cat, and, funnily enough, being a black cat, he might actually be good luck. didn't know that. so the lens app itself can translate text in front of you, where you can buy a shirt, and it can even help you cheat on your homework. and with google�*s insanely huge data bank, after years of searching and info gathering, the apps computer

you're competing with tiktok and snapchat for their attention — is it a completely impossible challengeger audience is firstly, make sure you are relevant, and secondly, make sure you're operating in the spaces that those young audiences are in, particularly in the digital space. and i think when you do that and you get involved in your sport, over time they'll grow to love cricket. and i'm sure over time, as they grow to appreciate more, there is the longer format of the game which will still remain the pinnacle of our game. now, back in 2005, england won the ashes in a nail—biting series — interesting cricket really was at an all—time high at that time. now the ecb kind of cashed in on that, didn't they? because through a big money deal with sky, cricket was taken away from terrestrial television and put behind a pay wall. in hindsight, how big a mistake was that, sanjay? some would say the creation of the hundred is a bit of an admission of the fact that you need to get people back watching cricket in numbers we haven't seen since 2005? well, it's very difficult for me to comment on

last night i met with the percentages of facebook and twitter and tiktok and snapchat and instagram and i made it absolute clear to them that we will legislate to address this problem. unless they get hate and racism off their platforms, they will face fines of 10% of their global revenue. we all know that they have the technology to do it. >> mr. speaker, they promised for three years. i'm not sure that 15 minute chat at the garden party moves things that significantly. i have the headline, mr. heather -- mr. speaker. boris johnson refuses taking the knee. that's the story of the headlines. boris johnson refuses to condemn and the prime minister fully respects the rights for those who choose to make their feelings known. this is about bullying. so he respects the rights. he said that the bullying was a choice for them, quite frankly. no condemnation there. no clarity there, mr. speaker. when senior double ministers and mps defend the booing of an antiracist message, who do they think they are defending prime minister and why are they defending it russian mark -- defending it? >> nobody

football banning order regime, last night i met representatives of facebook, of twitter, of tiktok, of snapchatclear to them that we will legislate to address this problem, mr speaker, in the online harms bill, and unless they get hate and racism off their platforms, they will face fines amounting to 10% of their global revenues — and we all know, mr speaker, that they have the technology to do it. we can all see what's happened here — the government has been trying to stoke a culture war and they've realised they're on the wrong side. and now, they hope that nobody�*s noticed. why else would a conservative mp boast that he's not watching his own team? why else would another conservative mp say that marcus rashford spends too much time "playing politics" when he's actually trying to feed children that the government won't? i don't want to engage in a political culture war of any kind. i want to get on with delivering for the people of this country. he simply wants to get on with dithering. the snp's westminster leader linked some of borisjohnson�*s own words as a newspaper columnist with what t