we watch what happens with oil prices that does it for this hour of "squawk on the street. let's head to new york stock exchange for the start of "squawk alley. back to you guys. >> thank you very much 8:00 a.m. at snapchat headquarters in california, 8:00 a.m. on wall street and "squawk" is live. ♪ ♪ good wednesday morning welcome to "squawk alley." i'm carl quintanilla new york stock exchange. joining us former ceo dick costolo and a mentor at index

venture. shares of snapch.n.a.p. are bigr after recent quarter dau below estimates as company says its redesigning the app to make it more user friendly here is the conference call. >> we're currently redesigning our pricks to make it easier to use. there's a strong likelihood the redesign will be disruptive to our business in the short-term we don't know how the behavior will change when we use updated application. we're willing to take that risk for what we believe are substantial long-term benefits to our business. >> you have ten cent chinese company behind we chat taking a 10% stake in snap. dick, you've been on before, said extremely nice things about evan as product guy. how do you character eyes this adjustment he's trying to make after already gorg public. >> i'll tell you, a couple of things jumped out at me from the

call yesterday one, look, over 170 million daily active users is a lot of daily active users with that volume, i know it's small in comparison to the numbers out of facebook, but they have got a lot of room to run on the revenue side with that kind of usage those daily active users are very active as we've heard them discuss before so i guess the thing that has surprised me is is the revenue shortfall. it feels like there's a lot of room there with that volume of users to grow revenue at a bit of a faster pace the only thing i can imagine is facebook and some of the other players in the market have such a sophisticated tracking tools and ad performance tools that perhaps snap doesn't have the ability to keep up and deliver advertisers the kinds of metrics

they would want to see at that volume that's my guess. >> i'm curious what you think of the product revamp coming in snapchat was twitter too slow to make core changes to the apps for fear of upsetting legacy changes. should snapchat be bolder and who cares about what people used to the legacy app want >> i think if there's one thing evan spiegel is phenomenal at, it's instinctive product design. he's done things in his product many have copied at the time no one would have thought were good ideas, to be perfectly frank. opening immediately to the camera, making it hard to find some of the new features in the app, things like initially filters people out for a long while people didn't know where they were until you accidentally swiped a number of

times and on and on and on, even with new capabilities, like being able to detect a song playing in the background by long pressing the camera while the camera is open all those kind of things evan designed basically instinctively, my concern would be that he fades away from that and starts to maybe bend to the will of, well, maybe i can grow faster if i do some more traditional work so my concern would be that he gets away from what's gotten him here, if you will. >> so you've been there, done that before when it comes to quarterly earnings calls and putting out numbers that have disappointed the street. what would say to evan spiegel this is three april row now of big double digit declines post earnings it feels like this is a venture stage company and it's unclear whether it should have gone public did it jump the gun? >> yeah. well, i think the snap -- i think the ten cent stake will help they have a big strategic

partner with very deitch -- deep pockets. i don't know it will help a foray into china those kind of efforts by united states social media companies have failed repeatedly they have a deep pocket investor now. that should help they clearly have to focus in the short-term i would guess on top line revenue numbers again, with over 170 million daily active users, that's plenty of room to be growing a top line at, you know, a good clip, and i imagine that's where they will be spending most of their time in the near term. probably on the product side delivering the kinds of ad metrics packages to advertisers they need to deliver in order to catch up to the twitters and facebooks. >> really quick, dick, before we move onto a different topic. does it make sense to reach out to an older demographic and to simplify the product that some

find confusing >> my concern there would be that they have got such a strong and rabid, if you will, user base that's on it so much of the day. should they fade away from that or try to deliver a more traditional interface in an effort to expand their audience, you do risk losing that rabid user base that loves you for the kinds of instinctive and fun to discover and fun to use interfaces you've delivered to them i was a little surprised by that evan in the past has been very clear that he's going to build product his own way and the way he wants to build it he thinks he has a better sense of his users than some of his competitors. he's gotten this far with that approach so i was surprised by that >> it has been one year, dick, since the president was elected president. when it comes to social media

stocks, it's been a bit of a mixed bag. our julia boorstin out west. >> mixed bag, soaring, twitter underperforming and snap slammed. facebook shares are up 44% since then as it's repeatedly beat wall street expectation, that dramatic growth despite a slew of negative headlines, grog scrutiny on russia's manipulation of the election as well as advertising mismeasurement issues. since the president was elected, facebook added 300 million active users and grown its quarterly revenue by 50% while facebook thrived despite political scrutiny, the president's favorite twitter has lagged despite president trump using it daily as his mouthpiece twitter's gains of 7% in the past year are just a third of the s&p 50021% gains but twitter hasn't benefited that much from the president's daily tweets it added 17 million in the past

year that's more than prior year's gains but twitter's totally active user base is about the size of facebook user gains in the past year. twitter execs are in the hot seat for russian ads and other abuse. it is the growth concerns that dragged on shares. they have rebounded on better than expected results since last month. though snap struggles are unrelated to the administration. the stock down 20% since its march ipo plummeting after reporting disappointing revenue and user growth numbers yesterday. snap is now working to redesign the app and reverse that trend snap is not the only one twitter just yesterday announced it's doubling the character count allowed in tweets to 280 from 140 so guys, a lot of changes to try to hold onto those users. >> man, did that get a lot of conversation on the twitter itself thank you for that dick, i'm glad we have you on to talk about this, the character expansion. did you ever want to do that and

how do you think it changes the experience >> well, like many things in life, i want it for myself but i don't want anyone else to have it it's hard to tell. i guess i would say this twitter has a very sophisticated experimentation platform meaning they can run tests on small percentages of users and understand how well or how poorly those tests are working compared to the cohort that's using the existing product they have been testing 280 for a little while with a small percentage of users. the fact they have rolled it out broadly tells me that their experiment results have come in and the data must be overwhelming in favor of this provides a more engaging experience that's what i would say from what's probably going on behind the scenes. >> do you have any sense of how it's likely to shift user behavior it's interesting they no longer

give you a countdown of how many characters you have left i imagine that might be so you don't feel like you have to use them all instead it's a circle that's sort of gradually filling up is there a danger this is going to make tweets more unwieldy, or is it going to change things in some other way it's like they are allowing you to put more links and photos in tweets that's going to appear richly. >> it's a good question. i thought the design, frankly, of the circle that fills in as opposed to counting down from 280 was an elegant choice. it's unobtrusive and doesn't get in your face with this sort of countdown clock anymore. when you're typing 140 character tweet and you get to 138 and you realize you've got one word left you want to jam in there i actually liked that design and thought it sort of probably makes it easier to compose my guess is what they are seeing with 280, it makes composition

easier and less tense when people are slightly over and have to do a lot of work to peel it back to 140 my guess is the new composer is about making it easier and more comfortable for people to write quickly without having to worry about condensing what they are trying to say into a smaller number of characters. >> we're all getting used to it for sure this morning. last topic capitol hill where former ceo marissa mayer testifying alongside ceos of ex fax. ranking member bill nelson asking her how these attacks might be prevented in the future. >> even robust defenses and processes are not sufficient to protect against a state-sponsored attack, especially one that's extremely sophisticated and persistent we at yahoo! cooperated with law enforcement and brought these breaches and intrusions to the

attention of law enforcement swift swiftly each time they were detected the doj and fbi were of great assistance to the company identifying the perpetrators and bringing them to justice. >> we had a discussion a week or two ago, dick, about social media chiefs on the hill, where you seemed to think optics were largely at play. is it the same thing here? >> well, i mean, first of all, if i were marissa, i'm not sure i would want to be seated next to equifax ceo i might have asked for a general or puppy or something. look, the issue that marissa is discussing presently, the hack, is going to be an ongoing concern for companies around the world. the level of sophistication that we're seeing in lots of these hacks is growing it's difficult to match with the volume of experts and security that exists in silicon valley.

there are not thousands of these people there are handfuls of them who are really, really great and equally sophisticated at it to defend these companies so i think this is going to be a growing challenge for all sorts of tech companies and one that we probably need to be spending a lot more time thinking about. >> so dick, what do you make of maris marissa mayer what sounded to me like some of these attacks, particularly state sponsored, aren't stoppable all the time. what if we had seen a breach at facebook or google or amazon, mega scale players we have not seen successful massive hacks there involving hundreds of millions of accounts isn't that because their security is better >> well, i mean, it could be for a number of reasons. i think to say they are unstoppable, i'm not sure i would go that far. if you're out in front of a

bunch of these security challenges, you can, as you mention, create a much more hard to penetrate line of defenses. it's surely the case that google and amazon and a number of companies have world-class security teams having said that, again, i wouldn't be surprised in the future if you see one of these lines of defenses penetrated no defense is impenetrable occasionally sophisticated hackers are going to find an opening that you haven't closed yet. even one of the best security teams in the world hasn't been able to close yet. so i wouldn't be surprised if it happens in the future, because nothing is going to be impenetrable. >> from the serious to the sublime. you covered a lot today, dick. we always appreciate it. thanks so much. >> thanks for having me. >> dick costolo this morning when we come back we'll talk earnings, amazon and online groceries, hain celestial.

the tsunami of questionable money crashing into the tech industry later putting amazon key to the test some time with the smart home system we'll get the verdict when "squawk alley" returns

here ceo of hain celestial irawan simon welcome back. >> nice to see everybody. >> sales up 4% that was better than expected. there's sort of this lukewarm feeling from wall street on the stock right now. why is that? >> listen, i've been doing this for 24 1/2 years it's about building good healthy it products. we are getting our products out there. one of the things we're saying we're not going to promote by trade advertising we're going to invest back in the brands, invest back in the consumer listen, a lot of our products, they are being sold online with amazon, thrive, box, fresh direct, the combination of whole foods and amazon has been a good combination for us so there's so much change going on in the world with consumers buying, especially food. >> investors are still focused on scanner data or nielson data and they look at those trends,

which don't track a lot of the chams you' channels you're talking about. >> some of our biggest customers, amazon, whole foods, sprouts, independent national food stores. if i walk into a little store here and buy juice or chips, it's not caught in the data. we put out audited numbers nielson puts out numbers that are panel data there is some time and disconnect here. >> what are you seeing specifically from whole foods under the new leadership of amazon so far? >> listen, i think what what we're seeing in general is good consumption growth, good turnaround we're seeing a good focus on category management, good focus on products, good focus on pricing, replenishment and we're seeing sales up. right now we're in the midofing that and they are a big turkey customer we'll sell 1.8 milliont over thanksgiving consumers looking for antibiotic free and organic which are higher price we're seeing demand at whole foods. sprouts announced their numbers

last week. their numbers are up the consumer has moved away from some of these bigger box stores and going to the smaller store and online. >> what's the main challengefo you as hain celestial in this environment where consumer belavar is changing because of technology one, it's not changing at all. focus on the product and everything will work out but there's the risk if something fundamental is changing about the way consumers purchase a product, it can be damaging to you. how do you articulate that. >> everybody is changing walmart is changing, target is changing, smaller stories, going online what happens is we want to get millennials buying our products. millennials want to buy healthier products what's important for hain, 100%, 99% of 100 gmo-free. 45% are organic, clean it's what millennials want to do the big thing you've got to do

today and this is where the big companies missed it, they don't connect with consumers that's why we're spending $50 million on advertising because we've got to increase household penetration. >> what kind of advertising. >> it's online advertising, doing a lot of video, a lot of information. you know, sarah being a new mom -- >> not yet. >> but ultimately being a new mom, when she starts feeding her baby baby food, how are we communicating to her online. as moms and dads up at feeding at 2:00 in the morning we're talking about our products same with blueprint. why are we getting the consumer that used to be drinking soda, but now the cold press juice and the news rents. >> now nelson peltz complaints about p&g and some of their categories what is your level of worry that those large companies can eventually pick that lock?

>>. >> what i come back and say and i've said it many times. hain can't change the way people eat and the products themselves. a lot of big food companies and consumer package food companies were worse than cigarette companies with products they put in the food. the other thing i say, the big food companies did not innovate the way they should have and didn't spend money on brands what hain has to do is flexible, nimble, we have to be innovative but we have to connect with millennia millennials. they want natural products millennials are not buying products mom and dad bought. the thing is, buy peanut butter, baby food, that's what we have to do. >> are you for sale or not the playbook has been these big food companies come in and buy the faster growing food brands in the sweet-spot. you've got six new board members from engage capital. what's the deal?

>> listen, i come back and say this every public is for sale if it wasn't a public company, it would be a private company. i think every public company is for sale it's keeping consumers happy, customers happy, employees happy. last but not least, how do we enhance shareholder value. if there's someone that says hain is worth money to our shareholders, absolutely we should listen to it. we've got a lot of great products. >> irwin, that's more than i thought you would answer. >> we're used to a lot less. >> commenting on deal speculation. ceo of hain celestial. always nice to see you. still to come, apple betting big on augmented reality hardware details next. plus dow, s&p and nasdaq all up more than 20% since president trump was elected one year ago today. also look tathe trump rally when "squawk alley" returns. whoo!

( ♪ ) woman: class, let's turn to page 136, recessive traits skip generations. ( ♪ ) molly: i reprogrammed the robots to do the inspection. it's running much faster now. see? it's amazing, molly. thank you. ( ♪ )

thank you. not rebalancing your portfolio. focused on what you love, not how your money will last through retirement. we make it easier to plan for retirement

with day one target date funds from prudential. look forward to your 401k plan. the markets change... at t. rowe price... our disciplined approach remains. global markets may be uncertain... but you can feel confident in our investment experience around the world. call us or your advisor... t. rowe price. invest with confidence.

it's been a year since the president was elected to office and stocks for the most part are rallying while volatility has obviously collapsed. mike santoli joins us with a look at that. >> volatility is the least expected piece of that, even if you're in the minority that said trump is going to win, the market will like it and rally and hold the gains i think the idea you would have this potentially disruptive administration and incredibly calm market, in fact, the calmest market in decades is the surprising factor. what's gone into that. everyone talking about the macro calm the fact we have this steady global expansion central bank, credit, that's the backdr backdrop i think the way the market is acting, lots of winners and losers, 14 of all s&p stocks up 30% to date.

30% of all s&p stocks are down year-to-date you have this push pull negligent out to place i had h placid in decks. mostly around the 10 mark in recent weeks also has dragged a lot of people this is the part hard to get chicken or egg answers on this short volatility trade, this idea people are piling into these exchange traded notes that allow you continued lower volatility some say it's depressing volatility others say it's the way it works there. you have upward curve there, xiv. that's shortfall trade long fall trade is going to zero it actually that vxx is designed essentially to go to zero. now, the question is what changes it from this point to me it's got to be about 2018 earnings forecast. some macro event it's going to have to be stocks moving in unison which usually means some kind of scare where fed or inflation. >> now we have fang futures

which our friend josh brown said is the stupidist thing i've seep i've seen gopro trade at 100 >> stupid or unnecessary or just really me, too this is what the industry disenfranchisement it stamps out what just has been working for the last year and gives you a way to play that so i don't think it's going to necessarily disrupt or hurt the market, but it does show you that, look, we're out of easy ideas. the market hasn't given you low hanging fruit in a while. >> in all the risk that could break the calm you didn't say politics was the lesson from the last year that the political noise doesn't cause volatility >> i think that's a great point. yes, one of the lessons is that the market does not operate very well as a measurement device for political chaos, policy noise, the function or dysfunction of the west wing. it never has it's not just this administration during clinton impeachment the market skated.

not that we haven't gotten policy progress. lack of policy progress is gridlock, status quo, macro is good the market is okay with. >> noise on the tweets michael santoli, thank you. back to dom. >> let's continue the calm theme. modest moves in your peep stocks with markets focusing on earnings news and tax reform in the united states. financials among the biggest loser so far in european trading, including acrigole. we can weakness in trading on retail banking, after rival posted disappointing results on 15% slump in its investment banking business, two banks to watch there. in the uk it's persimmon dragging down home builders after reporting lower profits and third quarter sales in line with expectations and year ago results. persimmon down 44% marks and spencer beat analyst

despite decline in profit. the company will accelerate including closing clothing and food extortion a look how europe stock 600 has fared since president trump was locate add year ago today. index underperforming s&p 500 but like other regions aroun the world you're posting solid gains as that global growth picture improves and volatility stays in check, sarah. back over to you guys. >> dom, thank you. let's stay at headquarters, sue herera with an update. sue. >> good morning, sarah here is what's happening at this hour, everyone president trump and first lady melania watching music and dance performance in forbidden city performed by young opera students they were joined by president xi jinping and his wife americans visiting cuba must avoid shops, tour companies and other businesses on a long list released by trurp administration as part of a new policy aimed at the country's government it's a return to stricter rules

before diplomatic relations restored in 2015. assets of former crown prince mohammed nayef seen with president obama at the white house, those assets are frozen he's the most senior saudi official embroiled in the crackdown launched by current prince mohammed salman the pink raj diamond in geneva it's expected to bring up to $30 million when it's auctioned off next week. the stone is just over 37 carats it was mined in 2015 that's the news update this hour back downtown to "squawk alley." sarah, back to you. >> all right, sue. thank you. still to come on the show, a closer look at what "new york times" is calling silicone valley tsunami of questionable cash "squawk alley" will be right back accumulations up to 8 inches... ...don't know if you can hear me, but

[monica] what's he doing? [lance] can we get a shot of this cold front, right here. winter has arrived. whooo! hahaha [vo] progress is an unstoppable force. brace yourself for the season of audi sales event. audi will cover your first month's lease payment on select models during the season of audi sales event.

we are monitoring former yahoo! ceo marissa mayer and current and former ceos of equifax testifying before the senate commerce committee about the hacks at both of those companies. our aditi roy has the latest. >> reporter: hi sarah, that's right. we're getting more testimony from marissa mayer she's giving more details about the breach that involved her company and its 3 billion users. she started by apologizing for the breach and said it was the work of russian state hackers.

she also said the company first learned about the 2013 attack in late 2014 and questions about it still remain >> to this day we, as i understand it, still have not been able to identify the intrusion that led to that theft, which is to say we received files from law enforcement that contained yahoo! data. we verified it came from yahoo!. we don't exactly understand how the act was perpetrated. >> and the rise of state sponsored hackers it's virtually impossible for any company to protect itself and pretty much no company is safe. >> you describe this as an arms race hackers become ever more sophisticated and we have to become sophisticated in turn. >> would you have predicted a breach before it occurred? would you expect a breach? i assume the answer is no, so you would have been doing

something more. >> we did not calculate percentages and predictive reach. i will say significant efforts in enforcement to increase our security >> and she described some of those measures in the grilling by senators. she said a couple of things they have done is doubled security staff and hired bug bounty hunters to try to look for vulnerabilities in their system. she is testifying alongside former and current ceos of equifax before the senate commerce committee and that committee is taking a look at how consumers can protect themselves in the wake of these massive data breaches. jon, back to you. >> thank you, aditi. meanwhile questions of sources over silicon valley funding being raised following sweeping arrests of notable tech investors in saudi arabia and cryptic ties between clem lynn and this country and facebook and twitter. the latest column, saudi money fuels tech industry. it's time to ask why

so i've seen some pushback in tech circles around where investment money is coming from. particularly, okay, anti-russian sentiment. now it's going too far no evidence these investors have sway over the way the companies operate. it's not as if the companies are paying these regions, it's people from these countries investing in the companies why is there a problem here? >> well, the problem is that the regimes that are funding these companies have very different ideas and visions and ideals than the companies themselves. so in an indirect way when -- you know, when facebook did well, it was enriching government companies that were connected to the russian government now when a company like we work does well, it's indirectly

enriching the saudi arabian regime if tech companies have these sort of lofty visions of changing the world through their technology, they should be transparent about the governments that are funding them and not aligning with those visions. >> so is it that you feel that these companies are cutting these investors sweetheart deals? because it seems like the way the valley operates and has long operated especially when they are public, but to some degree before, hey, if you've got a bunch of money and you want to invest in this idea, mark zuckerberg has had idea about free and open connection and communication, should he now be calling winners and losers and who gets to invest because of what country they are from >> yeah, they already choose winners and losers in the tech industry people have a lot of choice about where to get money, especially these successful tech companies. you know, they choose vcs and

other investors because of their visions aligning and they think they will be good to work with they already have a lot of choice about where to get that money. i think one of the things that's happened is the money from these countries that don't align with their visions has been kind of, you know, swept under the rug. a lot of the money from saudi arabia, for example, is coming from softbank. so the headlines say softbank is investing in your company. so it sort of allows them to not deal with where the money is actually coming from i think that, you know, for the vision they sell their employees and their customers, they should be more transparent about where the money is coming from the other thing about it is, i think if they were more transparent, they wouldn't take the money or they would ask more questions or they would just sort of ask for more changes in those countries. they have leverage here they may not be exercising. >> so you think that there ought

to be more of a link between the companies kind of political stances, who they allow to invest, and what message they send if they are taking that investment money that would certainly be a step further into politics that many companies seem to be willing to take >> i mean, they are already taking steps into politics the whole idea for a company like twitter is to, you know, get people to communicate freely around the world and there by loosen repressive regions. that was something they talked about and they have talked about forever. if they are also taking money from governments that don't share that vision, and their success is enriching those governments, one of those things is wrong and they should kind of admit it or not take the money >> already farhad, certainly a provocative column

we'll be doing a lot of thinking about this. >> does he make any other kind. >> seems to be a pretty provocative guy overall. thank you for the usual, farhad. >> thanks. we are getting some breaking news out of d.c. the treasury secretary also making comments. ylan mui is watching that. >> we have confirmed senate tax bill will not include a controversial 20% excise tax on imports by multinational companies. that's according to three sources who have been briefed on this plan. now this tax is in the house version of the bill. they are tinkering with the language this tax applies to imports by u.s. subsidiaries from their foreign counterparts apoints of this tax are calling it a back door border adjustment tax. the big difference here is it only applies to transactions within a single parent company now business groups say this tax could potentially cause massive

disruptions in the global supply chain. the flip side of that, though, it does raise $155 billion over a decade so it is a crit came pay for as lawmakers try to make this complicated tax reform math work we are expecting it to remain in some form of the tax version of the house bill again, the resources say this is doa in the senate's tax bill back over to you >> ylan, real quick, i don't mean to put you on the spot but the treasury secretary on tape saying it would be preference to have the corporate rate cut starting next year we know what "the washington post" had last night any intelligence on that today >> what i can tell you business groups and conservative groups are adamant the corporate rate cut happen immediately, this take effect in 2018 and not phased in over time. the bigger question is what happens on the back end. is this something that is temporary or does it get phased out over time and ordered again

to make that math work the math is harder in the senate than the house. >> ylan, thanks. a president promised to put an american on the moon again. we'll take a look at the companies that might be involved live from u.s. space and rocket center in vinceville, alabama. first rick santelli, what are you watching >> i'm watching all global markets having a pretty good year but what really happened one year ago today on the day of the elti aeconnd after that's what we'll talk about after the break.

and our call of the day on take two interactive, those shares are surging again today. now we speak to the analyst making a move on the stock we'll see if it's about to be game over for that trade or just game on. halftime report is at the top of the hour carl, we'll see you in ten minutes. >> a lot to watch today, scott, we'll see you then get to the cme group, santelli exchange. >> hi, carl. one year ago today u.s. stock market turned global equity market when i say turn, it's a term we used to use back in the heyday of people trading. if the whole pit was offered and

a broker runs in and he wants to buy the market, he turns it. he could get all those offers into his kitty in terms of purchases because he turned the market so if other buyers run in and try to race them, he should get trades u.s. did the same thing. our memories may be shady in this area so let's go to the charts the one i picked was october 1st to february. several month stretch that shows you in the middle the u.s. election you la at dax in drmz, cac, nikkei in japan, ftse in uk and finally the dow. what really happened a year ago, the u.s. stock market came out like rocket ships. all those other markets did not. they actually went down. it took them on the six to eight weeks before they started to get the wave of the upside i think that's a relevant point. the reason it's lost, the

politicalization of everything, everything becomes politicized i'm not going to talk about that today. that is in the topic but it's a reality the trump election represented an outsider. in many ways, the fact he was an outsider, talks about swamps, 50 years later we still have redactions on kennedy information, that's at the epicenter. brexit brexit lit the fuses people like decentralization the one government notion isn't everybody's cup of tea the fact the u.s. started this and all the other markets joined in is really dynamic to pay attention to, basically freeing up capital with more towards investors and less to bureaucrats is a thread consistent over the last several plus years and underestimated by many, except for many investors around the globe i think it's important to keep it straight that the trump rally

should be negated because it was global, it should be accelerated or elevated because it sparked the global rally sarah, back to you >> interesting take. rick santelli. thank you very much. looking at the charts over the last year. when we come back, we're live in huntsville, alabama, for a look at how president trump plans to rernhe utu t.s. to the moon and which companies are likely to benefit. "squawk alley" is right back d. but to us, d. it's the pace of tomorrow. with ingenuity, technologies, and markets expertise we create the possible. and when you do that, you don't chase the pace of tomorrow. you set it. nasdaq. rewrite tomorrow. ♪ traders -- they're always looking for advantages. the smart ones look to fidelity to find them.

we give you research and data-visualization tools to help identify potential opportunities. so, you can do it this way... or get everything you need to help capture investment ideas and make smarter trading decisions with fidelity for just $4.95 per online u.s. equity trade. fidelity. open an account today. ♪

president trump says he wants to return the u.s. to the

moon our morgan brennan is live at the u.s. space and rocket center in huntsville, alabama, with a look at how the plan is coming along a year after his election. morgan >> reporter: hey, carl that's right well, it's been a slow start for space policy under president trump over this past year. rep jim brydenstein's nomination to run nasa is only moving through congress, but this seems to be changing so the newly revived space council met last month, and the first -- it was the first time and vp pence made it clear this administration wants to return to the moon. the last time americans went there, 1972. now, some commercial companies are already jumping all over this, setting their sights on lunar exploration. moon express will first conduct its first mission. jeff bezos has proposed a lunar mission. elon musk has paying customers that looking to have travel past the moon as soon as to 18. if the government launches its own mission, we don't have the

details yet, that could push nasa's plans to go to mars back potentially five years, but it could still be using some of the same hardware, why funding and support is still very much in place for the boeing-made sls rocket and the lockheed market made orion space capsule together a $3 billion a yore program. the big emerging trend, relying even more heavily on commercial companies all the way around, so not just for potential moon exploration and civil, but for military as well this is one of the driving factors, guys, of northrop grumman's purchase spacex could cost hundred of billions and officials are looking to partner more and more on things like say satellites so all of this contributing to what bank of america analysts just recently called a space age 2.0. they say over the next three decades that this market, the space market, could be worth

upwards of $2.7 trillion currently worth about $340 billion. back over to you. >> not a surprise that aerospace has outpaced just about every other sector since election day. morgan, fascinating once again thanks so much, morgan brennan when we come back, putting the quk le rur to the test when "sawaly"etns it's a small finger...a worm! like, a dagger? a tiny sword? bread...breadstick? a matchstick! a lamppost! coin slot! no? uhhh... 10 seconds. a stick! a walking stick! eiffel tower, mount kilimanjaro! (ding) time! sorry, it's a tandem bicycle. what? what?! as long as sloths are slow, you can count on geico saving folks money. fifteen minutes could save you fifteen percent or more on car insurance.

( ♪ ) whoo! ( ♪ ) woman: class, let's turn to page 136, recessive traits skip generations. ( ♪ ) molly: i reprogrammed the robots to do the inspection. it's running much faster now. see? it's amazing, molly. thank you. ( ♪ ) parts a and b and want more coverage, guess what? you could apply for a medicare supplement insurance plan whenever you want. no enrollment window. no waiting to apply. that means now may be a great time to shop for an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. medicare doesn't cover everything. and like all standardized medicare supplement insurance plans,

these help cover some of what medicare doesn't pay. so don't wait. call now to request your free decision guide. it could help you find the aarp medicare supplement plan that works for you. these types of plans have no networks, so you get to choose any doctor who accepts medicare patients. rates are competitive, and they're the only plans of their kind endorsed by aarp. remember - these plans let you apply all year round. so call today. because now's the perfect time to learn more. go long.

amazon customers can get the new amazon key today our deidre bosa let total strangers in her house to test it out deirdre, everything okay >> reporter: not in my house but i did see what it looks like goes live in 37 cities, the service that lets couriers enter your home or someone else's home using the camera-assisted remote-operated lock when you're not home as we've talked about, it's not hard to see privacy and safety issues like pets escaping, accidents or even the thought of potentially letting thieves and murderers into your home so i certainly have that in mind as we saw it in action with one of three customers that they let test in advance. now the courier was unable to lock the front door and after amazon verified he was at the

right address, the cloud cam caught the entire thing. all pretty smooth but i couldn't help but notice how much privacy you potentially have to give up for the convenience. the camera shows nearly the entire living room including the couch that you would be sitting on to watch tv i felt bad for the poor dog who had to stay outside and he would have to stay outside for an entire day when a delivery is scheduled. amazon is betting that convenience will outweigh the concerns and others. the stakes are high. bad experiences could damage the company's reputation and open it up to legal issues, but if it does work. amazon could be laying the groundwork for more home and sales services and fulfill that lust delivery that other retailers like walmart has their eye on. >> the dog has to stay outside because they will not deliver if it's inside. >> if they go up and listen to the door and hear any barks or meowing they will use the package on the porch

if you're out for an entire day the pet has to stay there. >> are every household is going to have different complications. >> the cats aren't going to go for that. >> have to make sure your house is clean no, underwear on the floor, you know. >> or socks in the den. >> that's true. >> don't forget. fox tonight along with square and iac. let get to the judge and welcome to "the halftime report "i'm scott wapner. we begin with a major milestone for apple crossing above $900 billion in market cap within the last hour. the first company ever to do so. a remarkable run for this stock. as you know this year, the question is now how high can it really go. >> with us for the hour today to discuss and debate that question is jim lebenthal and jon and pete najarian. >> i