Good tuesday morning. Welcome to squawk alley. Im carl quintanilla. From one market, the information founder and editor in chief, jessica lessing. Good morning to you both. Our top story is one weve been following since the election. That is, controversy over facebook and how it plans to handle fake news. Jessica has an oped and why facebook shouldnt fact check. From the piece she says i simply dont trust facebook or any one company with the responsibility for determining what is true, saying such editorial power in fa facebooks hands would be unprecedented and dangerous. Jessica, lead us to what led you to write this piece. Thanks, carl. So, obviously, misinformation on facebook and elsewhere is a huge problem that so many people have been thinking about this election cycle. And i was, frankly, pretty shocked how many commentators have reached the conclusion that the answer is facebook hiring journalists, editors and Fact Checking. As a journalist now with the wall street journal for a long time, the idea we trained the public to think that facebook was Fact Checking the information on facebook is very, very dangerous. Thats what i was writing about today in the new york times. You definitely know how to light up a room. Thats for sure, jessica. Eric, slippery slope is generally the peoples first take on this, right . Give them an inch and who knows who will take a mile. Theres that. You definitely dont want facebook to be telling you whats true and whats not true. However, they do have an obligation to check whether some of the news is, in fact, factual. They used to do that with a curation team, editorial team. Things have gone really badly since they dismissed that particular team. I believe they have an obligation to do that. Its in their own best interest. If you dont trust what you see on facebook youll get off the service sooner or later. It should be up to users to flag when content is suspicious. People will say theres already inherent bias, people only follow what they already believe to be true. How can you trust the users to be Effective Police . I think that one thing facebook can do and has started doing is getting these totally fake news reports that proliferated during the election off the site. Not by hiring humans to do it. They did that. It was a disaster with trending topics, facebook was accused of bias against conservatives, huge outrage about that. I dont think you can win with human editors. Yes, technology, users flagging things, metadata facebook has can help them get this content off the site. But theres a very theres a lot of gray area in whats true these days. Its very easy to say the pope didnt endorse donald trump. But every day misinformation is being reported. And is it facebooks responsibility to fact check all of that information . Theres no way they can do it. And i think that this is, frankly, happening because news organizations are very frustrated at whats happening to their own businesses. It is a problem happening on facebook, absolutely. But theres a lot of finger pointing when it comes to why basic information isnt accurate. And facebook is only part of the story. Eric, theres also been a question of whether facebook should legitimize or enlarge or verify so that users can more easily see what is legitimate and what is not. Companies like mike and buzz feed that got their start on facebook, would they have been shut out . Would there have been a Chilling Effect for new media if facebook were choosing who got the prime space there . No. It would be very easy for facebook to say buzz feed and some other companies do legitimate reporting. Whether we agree with it or not is not the question. Theres a more fundamental issue going on here. In il con valley they dont want to be in the Media Business. They want to be in the tech business. Thats always the case of the big platforms, a gray area. You can see the downfall of yahoo came because they didnt want to be in the Media Business. A lot of the ills at twitter right now is because they also refuse to be in the Media Business and Mark Zuckerberg recently said were in the tech business i think he needs to also consider that hes in the Media Business. That leads us to one last point, jessica. A lot of cynics argue platforms like facebook and twitter deal they want volume, right . They want things to be engaged with, sent, tweeted and posted in volume and having any kind of curation sort of limits that. Right . Potential ly. I mean, these Companies Like facebook and twitter thrive off engagement. They want us to use their product more. As a society, that raises a lot of interesting questions about how we get our information. I also wrote in the information recently that i think its tilting those platforms more toward entertainment than information, which creates a huge hole for, okay, how do we get new facts and new perspective as opposed to sort of a tv replacement. Right. That is sort of leaned back. I think these platforms are going in that direction. I think thats why theyre in business. And at the end of the day, they can say that they do care about these bigger issues. They have reputations to maintain. A company cant optimize in 30 directions. Im okay with a world where theres companies that optimize toward entertainment and companies that optimize toward information. Were just entering a period where facebooks and twitters have been dominant but there is room for new sources of information and new businesses. And i personally am excited about that. Somebody who has experience with that. Sticking with social media, a lot of talk about president elect donald trump taking to twitter last night and raising issues like voter fraud, flag burning and cnns coverage of him. We had a long discussion with r cramer about whether theyre distractions from more important stories. We have no pattern recognition. What jessica said, thats entertainment. He wants to be in the news, in the media. He obviously must know there hasnt been 2 million fraudulent votes out there or i dont know why hes doing it. He wants our attention and hes got it. Hes still tweeting from the realdonald handle. He hasnt switched over to pepotus or potus handle. Does that bring with it any allowance for the content that he can get away with tweeting versus doing it under the official handle of the president of the United States . This is unchartered waters. The potus twitter handle was established by president obama. He established the rules. We dont know what president elect trump will do with those rules. I suspect he will want to continue to tweet on his own account simply because its so popular. Erics question about whether or not he believes this or how do we know what the motivations are behind each tweet . We dont. And, to me, this is a great spamp of what we were talking about before. Is it twitters obligation to figure out if there were millions of fraudulent voters just to bring it back to this Fact Checking point . Its being said on twitter. If we want a world where what we believe we see on twitter and facebook is real, what people are arguing is that twitter is responsible for the accuracy of that information. So i think that we have to look at it not as information but as, you know, what this man is saying and people are going to have to decide for themselves based on educating themselves in a lot of different ways. Yeah. One outlier scenario mentioned earlier this morning, what if it gets hacked, right . You have trade iing. It just magnified the Downside Potential of a tape bomb as they like to call it. There again, twitters responsibility is to tell us, is this a real account or not a real account . The real donald trump account is real for now. If it gets hacked you have to tell us, whatever is being said is not being said by president elect trump. Jessica, by the way, the disclosure you included in your article that your husband worked at facebook from 2010 to 2014. Cant let you go without talking about streaming media and at t. Of course, we got details of the directv now service which launches tomorrow. We have an argument this morning as to whether or not this is a new chapter in cord cutting, if this is a game changer or not. Is it . I think it is. Its another nail in the coffin of the classic you have a box and you pay me 200 a month and ill give you all these channels. People dont want that service anymore. In addition to the fact that the box dont work that well anymore, people want to be able to stream their video on any device and are willing to pay a certain price. The price that directv, 30 moving to 60, is a very attractive price t doesnt include cbs at the moment, a lot of the nfl games, including the big package you get on directv. Those things will come. At the beginning of hulu, not every big company was part of it but wanted to become part of it when it became popular. Apple tv never got its own bundle together because they wanted it all, every Single Network under the umbrella before launching. What does it say to you that at t directv is willing to go forward without binge bang theory, survivor, and very highly watched properties . Its risky. Frankly, i was a little underwhelmed by the news. So much was missing. If you include the fully loaded of what they offer, it was more expensive than people were expecting. We are seeing that tvs holding its pricing power, the rights holders and that, yes, were seeing incremental offerings but nothing that i think is a major, major cable killer just yet. It sounds like eric, jessica, you think its a continuation in the death by a thousand cuts, right . Its not like something is going to come in here and turn night into day. Absolutely. I think the trends are clear. I think that you can get, you know, many of these bundles are appealing to niches as well. Thats an area that is really interesting. Youre seeing big subgrowth. When it comes to at t direct, verizon, you know it, what hulu is going to come out with, whi not seeing a lot of products that are really better than what we can already get. At some point the new entrants will have to clear that bar. Three months, you get a free apple tv. One month, free amazon fire stick. How many people do you think will take them up on that . How many devices end up in american households . Its hard to say. If you run on the at t network you dont pay for your broad band cost which is quite substantial. I think enough. These are all first steps, bundles, pricing. The whole product is going to get better. This company just wants to get into the game. A lot of streaming services coming that are already in existence, coming down. I think it will be a race and prices will be better. And the content will get better. Cbs will come to these bundles. They have no choice. Is there one player, you think, that has threaded the needle better than most . At the moment, no. But at t is powerful because of direct tv and their existing relationship with content providers. Good chance verizon i think youre going to start to see hulu does a really good job with Network Television. Theres no reason Network Television cant get on netflix and amazon. Thats where it gets interesting for sure. And we want to see cnbc. Thats universal. Of course. Lets get a check in on the markets at this hour in positive territory after a mix open today. Positive read on q3 gdp. S p 500 up 4. Nasdaq composite up 19 despite reports that potentially iran would be backing down from a coordinated production agreement with an opec deadline moving. Saudi arabia walking away, crude nearly down 4 . Energy is the worst performing sector. Unrest from coast to coast as thousands of fast food workers, baggage handlers and uber drivers participate in the first fight for 15 protest since trumps Election Night victory. Uber reportedly cracking down on drivers who advertise for other hailing Ride Services while on the clock. Sales topping early estimates from cyber monday. Were drowning in information. Where, in all of this, is the stuff that matters . The stakes are so high, your finances, your future. How do you solve this . You dont. You partner with a firm that advises governments and the fortune 500, and, can deliver insight person to person, on what matters to you. Morgan stanley. Like cologne. Y things you dont want in industrial strength morning but theres one thing you do. gags its called predix from ge. The cloudbased Development Platform thats industrialstrength strength low wage workers across the country, including uber drivers, pulling in for a fight for 15 protests in more than 300 cities this morning, including right here in manhattan. Susan lee is on the scene in Lower Manhattan with the latest. Susan . Kayla, the First Nationwide protest for the fight for 15 since donald trump was elected. We saw hundreds of workers from fast Food Industry from airports, health care, education and, yes, taxi and even uber drivers. They stood together this morning to stop traffic to fight for higher wages, union rights, Better Benefits and really to send a message to the countrys newly elected officials and leaders that they want a fair wage for fair work. Were working for 10. 10 an hour. I make 9. 75 an hour and i have four jobs so im a father of four. Im going to college. Its hard because sometimes, you know, you have to decide or even downgrade which college you want to go to. Bernie sanders, vermont senator, tweeting his support for the actions today. Tweeting change always happens when millions of people demand it. When the American People stand up and fight, they win. Its been four years since the fight for 15 movement started. Speaking to the groups National Director this morning, he told me that the movement has actually grown since election day. Workers are even more concern about their future under a republicanled government. Now, many nationwide protests will end at a Mcdonalds Restaurant as you see behind me. This is where the protests in Lower Manhattan ended. Its not just the fast Food Industry. Its health care, airport workers and, yes, for the very first time uber drivers joining in as well, unhappy that theyre seeing a smaller percentage of their salaries without getting Better Benefits from the company. Ill send it back to you in studio. Thank you so much, susan lee in Lower Manhattan. Not just protests that uber has to worry about. According to reload, the company has begun deactivating driver accounts advertising for the competition, namely juneau. Number of drivers have received Text Messages saying, quote, weve received reports that you are still displaying advertising of other Ride Sharing Companies while on uber trips and your account is on hold. We spoke with juneau cofounder about the companys controversial strategy. If you think about it, the best place to find potential user for a service is in the car. And juno is working much closer than any other service with drivers. We treat drivers much better. Therefore, drivers are motivated to help juno. So its sort of its a cycle. Were nice to drivers, drivers are nice to riders. Riders get something extra and it keeps on going. Although it is hard not to see, carl, an issue with finding your user base in another products main backyard. I was in an uber last night on the way back from an airport and they were advertising juno. Imagine going into a restaurant and finding help wanted for burger king at mcdonalds. Unique Business Model where competition for labor is fierce. Nfl firing back against reports its planning on dialing back its thursday night football schedule. First, we sat down with walking dead executive producer on binge. We talked to her about everything from the Silver Screen to Virtual Reality. To me, right now, there are a lot of limitations. Biggest limitation to me is i put on the vr goggles and i get so disoriented that, really, within six seconds im ready to throw up. Is it a force of nature . Or a sales event . The season of audi sales event is here. Audi will cover your first months lease payment on select models during the season of audi sales event. bing new episode of binge is streaming now. Produced everything from terminator franchise to walking dead. We asked her the differences of working on film and television. I grew up knowing your name from the abyss and terminator. I heard you say you dont get dumb notes in tv the way you used to get from studios . Well, being a producer, television is fantastic because its a producers medium. Feature films its very much a directors medium but were not really were not in charge. And in television, the directors cycle through and the producers are left, you know were raising the baby. Youre the constant . Yes. So thats very different. Not only that, but lets say a twohour feature will take two years to make. During that time just on one series, just on, lets say the walking dead ive told 32 hours of characterdriven storytelling. Because of that, the studios, film studios are at a disadvantage. Season two, of course, of binge streaming now on cnbc. Com binge. Hulu. This notion of who really holds the cards in the creative decisions strictly because of the distribution pipes and the way theyve been built, interesting. You would think someone whose whole career has been based on zombies would be the first to test new technology. I think she will get there eventually but its not quite where she wants it to be. 32 hours of content she was able to produce in the time she would have otherwise only been able to produce one film. On one hand you think it must be gratifying to have less end up on the cutting room floor. On the other, thats a lot more work. I think its movies that will have to work more in a fast fashion kind of way. I mean, theres room for pictures, which too do take years to do. They have to move faster if they want to keep up with t