These are the stocks posting the largest moves before the bell.Market Insiderread more
U.S. stock futures pointed to a higher open on Monday as Treasury yields rebounded to quell fears of a possible recession.US Marketsread more
The Business Roundtable, a group of CEOs of nearly 200 major U.S. corporations, gave a new definition of the "purpose of a corporation."Marketsread more
Trump said he doesn't see a recession after the bond market spooked investors and the Dow suffered its worst day of the year last week.Marketsread more
Bianco Research's James Bianco suggests Wall Street is desperately looking for a signal that a 50 basis point cut is coming next month.Trading Nationread more
Amid the headlines of stores closures and retail bankruptcies, it can be tough to accept that the U.S. consumer is doing just fine.Retailread more
U.S. Commerce Secretary Wilbur Ross said the U.S. will extend a reprieve given to Huawei that permits the Chinese firm to buy supplies from U.S. companies.Politicsread more
Here are the biggest calls on Wall Street on MondayInvestingread more
Dow to jump; Trump defends economy; Huawei hopes for US reprieve; Trump and Apple's Tim Cook meet; president ties Hong Kong protests to China trade disputeMarketsread more
We tested the best way to cut the airport commute time for New Yorkers. The most expensive of the four options we reviewed, Uber Copter, was only 14 minutes faster than mass...Transportationread more
The U.K. prime minister prepares to meet his German and French counterparts this week.Europe Politicsread more
Twitter's surprising deal to stream NFL games may have been the result of a dispute between the sports league and the world's largest social network — Facebook.
Several sources with knowledge of the NFL's thinking said the league's decision to partner with Twitter to stream 10 games next season may have been due to arguments with Facebook over how much its games are worth.
The sources, who spoke on condition of anonymity, said the NFL felt that Facebook undervalued content rights and has a poor monetization model. The sources added that while Facebook does have a large audience and Facebook Live's platform is promising, its ability to get revenue from livestreaming — as well as the product's capability — is still evolving, whereas Twitter's product is ready for primetime.
One digital media strategist for sports leagues agreed, saying it was a widespread sports-world sentiment that Facebook video ad revenue was "a little underwhelming from what was expected."
However, a source with knowledge of Facebook's thinking said the social network was the one to back out of the NFL's offer, not the other way around. The main point of contention was over the value of the nonexclusive livestreamed games, which are also widely available on TV. Amazon also backed out of the deal, leaving Twitter as one of the the last players standing, the source added. A spokesman for the NFL strongly disputed this claim.
Facebook has been heavily pushing its livestreaming capabilities and angling for dominance in online video. So, it came to a surprise to many that Twitter was able to secure a deal with the NFL to livestream games. Re/code pegged the deal at less than $10 million.
Hans Schroeder, senior vice president of media strategy, business development and sales for the NFL, said the deal was more about the unique opportunity to build a new audience for "Thursday Night Football," especially among mobile users.
Schroder said the NFL opted to go with Twitter, which "wasn't the highest bidder," because it has a unique way to drive engagement. As for ad revenue, the NFL will allow some of its national advertisers to advertise on its Twitter livestream, and Twitter will directly handle the remnant ad space.
"There's really a handful of folks with the size and scale that Twitter brings," he said.
The NFL-Twitter streaming deal is interesting because it allows mobile audiences to access NFL games anywhere, on a platform that is highly primed for online chatter. As brands scramble to find opportunities to ensure people see their ads, sports is one of the few programming options that is overwhelmingly watched live. It also reaches a highly coveted and hard-to-reach advertising demographic, millennial males.
On the other hand, "Thursday Night Football" games will not be original or exclusive to Twitter. However, per terms of the deal, Twitter will also get in-game highlights and pregame broadcasts from players and teams via Periscope, Twitter's livestreaming platform.
Facebook has also been testing several ad models in order to give media companies video revenue. In late December 2014, the NFL became the first partner to test out after the video or "post-roll" ads with Verizon. Fox Sports also tested out the option with advertiser Nationwide. Sources said Facebook is now testing suggested video, and considering considering placing ads between each clip.
Facebook declined to comment; Amazon did not respond to requests for comment; A spokesperson for Twitter deferred to the NFL.