good morning it is 8:00 a.m. at "mad monepal palo alto. 11:00 a.m. here. "squawk alley" is live ♪

good wednesday morning first "squawk alley" today jon fortt will join us in a few moments from barcelona joined by larry hippo, managing partner, and inside founder and investor jason calcanus. amazon is adding video doorbell maker ring to the growing portfolio of smart home products in a deal valued between 1 and 1.8 million. amazon logistics photo on delivery is one of many delivery innovations to improve convenience for customers. between smart home assistant, alexa, the flywheel continues to grow question is what their true

intentions are >> this is particularly painful. i passed on angel investing, $10 million mistake, but big picture wise, what people don't realize is the next set of products coming out of ring, those are alarms they're going to take the cameras and alarms, put it together the big loser will be adt and folks that people hate and to charge thousands of dollars to set up a second quarter, and then charge you for a four year contract at $100 a month people hate that company now there's new products that are coming out where there's nothing down 20, 30 bucks a month for the service to let the alarm company know you can install yourself this is the big m and a push we're going to see into 2018 and 2019, repatriation of cash and amazon wanting to buy stuff and market cap will create an environment where it is going to force apple, google and facebook to get back in the game, not lose some of the assets.

it is a great thing for entrepreneurs and angel investors. >> do you agree? >> i agree on repatriation, they want to own the home, not only do you have the security and smart home features but it is easy to order what you need and delivered right to your home it is a closed loop. a beautiful strategy >> adt down almost 6% to a new low since going public >> yeah. i am one of those adt customers and ironically -- >> how do you hate them? >> i don't hate them, i keep my home secure. it is expensive. here's the irony, i have a ring system in my home because of the partnership they had with adt. now this will bring amazon into my home which begs the next question, how much is about data collection which amazon is doing so much of for so many people

around the globe >> i don't think amazon has the aspirations like facebook did to build a profile of an individual to such a granular level, nor google they don't have huge advertising business, growing, but not huge. i think they want that prime relationship, keep adding a couple dollars to it every month, every couple years, add a dollar to monthly subscription, build it to content, have one relationship that stands from consumption of digital goods and physical goods they're not trying to listen in on alexa, that's hogwash what they want is seamless delivery into the home and want you addicted to their apps i don't know how many boxes come to your house, it is looking like the amount of empty boxes outside my house is unbelievable at this point. >> maybe best to go long cardboard. to the point of big rivals needing to start to get hungry,

have you seen signs of that? what's the best example of google or apple, for instance, putting real cash toward it. >> well, i don't think, there's been a lull, past year, year and a half i think amazon is kicking the new cycle out. we have to see i wouldn't be surprised to see walmart also in the case of amazon accelerate plans to go more digital. >> my sense on m and a specific to big names, facebook, alphabet, apple, while they continue to make deals of this size which is nothing for companies of their size, i don't think they want to raise their head up to do a big deal in part because of continued or growing antitrust scrutiny a couple of them are under. >> a bit of a counundrum. he thinks anything will go through if you give a compliment or two facebook is a scary company, i don't think they would be

allowed to buy what's app or instagram if it was now. amazon is a small percentage of overall retail, i can see them staying below the radar much longer facebook, i don't think they'll be allowed to play as much. >> in that 1 billion, 2 billion, 3 billion range, that's flying under the radar. it would make venture capitalists like myself very happy. >> what are you keeping an eye out for takeover targets >> no, i don't think i can comment on that. but the whole trend towards direct to consumer commerce, this trend towards seamlessly delivering and security and these things is a big trend. i expect other people to jump into that. >> the other big story off yesterday's comcast news the cable giant and our parent company announcing intention to take over europe's largest pay tv provider, sky, disrupting fox and disney's bid

trying to stay relevant in the digital streaming age. had a long discussion with mike white of directv about why international is the locust of discussion because of netflix comcast, your parent company has little to do, 6 or 7 business is international, in a way makes sense but a double down in traditional business more of a puzzle three big moguls involvement, brian roberts, rupert murdoch and iger you wonder if this is a little match between them $31 billion. a lot of money it doesn't help come tcast strag digital which is where i thought they would put money. >> integration is hard and netflix is like let's spend an

inordinate amount of money taking great shows off the market give us your credit card, we will continue to delight you and make it economically a bad decision to unsubscribe from netflix. it is the greatest deal in the world. if you hate adt the way i do, you must love netflix. $12, $13 a month they'll never get rid of it. you can't wait to get rid of adt. i am so mad at that company. >> i don't pay 100 bucks a month. >> what was installation 17,000 >> they've come down a lot they had to be they'll probably continue to be price aggressive but we're not talking about that now. eric, let me come back on the larger issue of competing with netflix. disney, key part of the fox deal will help them do that in the top offering, and sky has important sports programming to be help.

do you see disney as able to be an effective competitor with netflix as they're obviously trying to do >> i think they will be a competitor, such as hulu is already a competitor but the train has kind of left the station. look at the amount of content, it would be hard to replicate. if you decide to put your platform only what you produce, difficult to compete with netflix. >> i'm going to disagree big time i think disney has the assets to catch up to them in five, six years, we'll be sitting here going wow, this is an incredible race with disney assets of "star wars" and marvel nobody knew who black panther was five years ago, now he is the number one character out of the disney company >> box office will surpass last

jed jedi >> it is a never ending stream of billion dollar hits for somebody like netflix not to have those assets, that's going to be difficult. i think it will be a two horse race both will have 250 million subscribers easily. >> as mother of a toddler, they'll lose mauna i will probably be one that sub describes to both. talking netflix. 700 shows and movies expected this year which is an eye popping number but flying below the radar, the fact that apple dealing with m. night sham lan should we be talking about apple emerging as well >> and amazon. >> and amazon. the whole trend towards buying original programming that will be compelling to people is big boom to hollywood to begin with,

and it is what people want you'll see amazon, hulu, it which is disney, and those kinds of platforms will compete. netflix won't be the only play in town. >> i think netflix, disney, one and two, i don't think apple, it is in their dna. they'll struggle first show, planet of the apes was a disaster i don't think they have the dna. jeff bezos is hanging out, has a home in hollywood now, spending time there from what i understand he likes it. >> there and d.c has homes all over the place >> don't see them getting to 250 million. you said disney and netflix could. >> no way. >> amazon has half that with prime. we have no insight how many of those people know it is included which is the brilliance of amazon prime they keep throwing sufficient in

there. they'll throw alarm service in there. you'll get that alarm service tied to adt. >> since you started hammering them, the stock had a nice tick up >> no, seriously, they'll add the alarm system to it keep adding to it. we'll pay not $100 for amazon prime, spending 100 a month. that's how big the stack will be of services. >> i wouldn't short apple in this all it takes is hire a group of people who know what to buy, know where the talent is, and suddenly you're in play. apple has the resources to make a go of it >> it is a cold start though they're starting from zero >> amazon once did. >> but disney has all of the assets they're going to plow into it. as a parent, you have to own netflix and disney apple will have wonky shows.

why are we in a dog fight with seven companies for subscribers. >> i personally think your generalizations are entertaining thank you guys >> good luck with your adt jon fortt is live in barcelona, spain he has more from the mobile world congress take it away >> reporter: david, with technology shrinking into ever small smaller devices and sizes, won't be able to type on all these things, we use our voice more, familiar with alexa. google has google assistant. i got rare time with the vp of engineering for google assistant, scott huffman we talked about what's coming for this class of technology this isn't voice search or google now google assistant is spreading to more types of devices, he is meeting with those folks here.

google is battling amazon in this flavor of search. i asked him what's next. he talked about what's going to happen when assistant can see. >> i would add in, kind of your verbal tone, once the assistant can see, there's also body language, there's also facial expression, those kinds of things i think we have to be careful in terms of privacy and permission to use those things, but definitely there's some amount of conversation carried by those kinds of things. it is something that will evolve over time for sure >> reporter: so i asked him what he meant by when these can see he delved into that a little bit, talking about privacy google clips camera is something he mentioned, already a device google has that has intelligence on board i think we can expect home devices to start looking more like that. amazon has the echo look, supposed to help with fashion

advice, but that will become more interactive once they figure out how to make you comfortable with the fact you put intelligent devices around the houses that aren't just listening to us, they're looking at us as well. and amazon has ring. another video driven, cloud driven company that can probably benefit in some intelligence built into cameras as well as microphone back to you. >> technological eyes on top of ears jon, thank you for that report jon fortt from barcelona. when we return, amazon, netherlands, salesforce, among names that hit big time highs. ll nt.s sicuationinilon vaeyex what's the value of capital? what's critical thinking like? a basketball costs $14. what's team spirit worth? (cheers) what's it worth to talk to your mom? what's the value of a walk in the woods?

the value of capital is to create, not just wealth, but things that matter. morgan stanley

welcome back to "squawk alley. tech stocks with all-time highs, since their ipo. let's look at tech as we close out this month of trading. joining us, gene munster, and brent phil gene, i'll start with you. taking a look at nasdaq, it has almost regained the losses in the correction a few weeks ago tech has been on the forefront of the rebound how much higher do some stocks that you cover, do you think they can go? >> they can go higher. but i want to set the tone how

investors think about this this is like investors owning tech stocks is like a buffalo walking through a china shop everything is great, but they're waiting for something to break i want to encourage investors that these companies in particular, most of the fang, there's catalyst you look at apple. 18 multiple on next year's numbers, higher than apple has traditionally traded at, but reasonable given everything that's happening, that would imply 17% up side to current shares most of these fangs, not a big believe in facebook, others have growth themes that continue to power valuations higher. >> and brent, you have a buy rating on amazon, facebook, google now facebook and google, alphabet i should say, haven't been powering to all-time highs like other fang names do you think these continue to go buying opportunities or are

risks setting in >> we think there's a buying opportunity to gene's math on the other names. we look at facebook, think $10 earnings power is around the corner put 25 or 30 multiple on facebook, 250 to $300 on stock considerable up side we think first half of the year, facebook is the most controversial name, visiting investors in london, it is the biggest name we get push back on, given amazon has the most open runway for one to three years. facebook with some changes that mark zuckerberg has outlienlnedw think everything facebook is doing for the platform is the right thing, they're not giving up on the platform we think facebook is the worst performing name to date, up 3%

netflix the best performing name still think that facebook and google are interesting stories and amazon again, we get to some parts of amazon close to trillion dollar market cap up from $730 billion today. we are bullish on what we see in the big platform stories >> gene, yeah. you know, gene, curious to see your reaction to that, particularly amazon at a trillion dollars i think brent is not the only one out there sort of talking about that as a possibility. do you think that's a real possibility? >> yeah, i guess you know this probably is a chorus of believers, but i'm in the same camp, they have runway based on where we're at, jason in the earlier segment talked about this there's not a ton more i can add beyond what we talked about, that their road map likely

includes more brick and mortar target makes sense for them. the one we're not as big a believer, facebook, given changes to the platform and netflix. i want to give one quick mention that gets left out of the fang consideration, i think tesla has the most up side here and it is the worst performing of some bigger tech names the last few months, but there's a big opportunity for that company to surprise people in the next five years. >> have to wrap this up. gene, real quick, why do you think there's big opportunity there? >> the mission of the company is to accelerate the renewable energy, everything from capture with solar to storing with a battery to using it in the car i think this is one of the fundamental things how humanity will change and they're right in the wheelhouse. >> thank you for joining us.

coming up, we have an exclusive sit down with palantir ceo alex karp. you don't want to miss that. very interesting gentleman later, more from jon fortt and bimole congress in barcelona. lot more "squawk alley" after this no, please, please, oh! ♪ (shrieks in terror) (heavy breathing and snorting) no, no. the running of the bulldogs? surprising. what's not surprising? how much money aleia saved by switching to geico. fifteen minutes could save you fifteen percent or more. at holiday inn express, we can't guarantee

that you'll be able to contain yourself at our breakfast bar. morning, egg white omelet. sup lady bacon! fruit, there it is! but we can guarantee that you'll get the best price when you book with us. holiday inn express. be the readiest.

dick's sporting goods announces they'll stop selling assault style rifles and high capacity magazines following the shooting in park laland, florid. brian is back at hq. >> it is part of the hard work of the team a few years ago with the documentary on the ar 15 we talked to the ceo of dick's, surprising everybody and saying they'll no longer sell assault style weapons at dick's. they'll still sell other types of guns, just not high capacity big magazine capacity, technically called sporting rifles, assault style rifles, whatever you call them, dick's

will no longer sell them they'll continue to sell other weapons. as part of the discussion and as we showed earlier, the ceo is not aennti-gun person he is also calling on congress to do something on the issue >> we hope that congress will come together and this is a complex issue, it is not just about guns, it is about mental health reform, around background checks, and we hope they come together with the intent of really finding a solution to this problem as opposed to talking about it, knowing they're never going to d anything and speak to the base. >> carl, listen, we heard voices from parkland, from people on social media now hearing from ceos saying hey, congress, get off your you know whats and get something done >> brian, you mention that, we are starting to hear from ceos are we hearing reaction from gun

manufacturers? we have american outdoor brandss smith and wesson, reporting tomorrow. >> we reached out to the companies, you probably have, i have, bunch of people here have. any of them listening, i'm here, pick up the phone. let's talk anyway, here's the thing when the gun industry tried to regulate itself, it hasn't gone very well. it has been a long time ago, back in 2000 smith and wesson as it was known got a $3 million grant from the federal government to create so-called smart gun technologies, basically only the registered owner with fingerprint scan could fire the gun one person, one weapon they were doing it on their own. this is a stock chart. look at the peak $2.40. stock fell 85% because smith and wesson got so much push back from the gun industry itself

now the technology, don't know how well it worked or anything else, certainly other things could have been involved, but reaction was so bad on the stock side that smith and wesson partly was forced to stop developing this so-called smart gun technology other companies, mossberg, private company, tried to do the same and reaction from the industry itself has not been good we're going to have to see if the industry comes out, and if they do, will other parts of the industry then go after them as what happened to smith and wesson back in the year 2000 if you're a ceo, no matter your conscience, stock falls 85%, it gets your attention and you have to make changes. that's what happened to smith and wesson 18 years ago, guys. we forget about that >> wow, definitely something to watch, especially this earnings call from american outdoor when those results come. >> i'm on it >> brian, thank you. brian sullivan at hq. let's get over to seema

mody. >> european stocks wrapping up february with their worst monthly performance since june of 2016 which you may remember, that's when the brexit vote took place. look at the markets, the individual markets you see the major european markets are down including germany with 5% decline for the third negative in four months. london ftse, down 3.5%, paris down 3% for the month. stocks unable to post gains despite the euro and uk pound each posting monthly decline against the u.s. dollar. though we have some green to show you, italy among the few european markets up year to date, helped by a double digit rally in the italian banks which have remained somewhat resilient amid uncertainty surrounding the upcoming italian general election on sunday there you go italy and banking shares outperformed we finish with a pair of two

stock stories out of germany adidas says growth in china and north america boosted sales in 2017 flip side, bayer, fourth quarter profit due to hit from u.s. tax reform and weaker sales. that stock down about 2% guys, back to you. >> seema, thank you for that half past the hour get to sue herrera for a quick news update. hey sue. >> good morning, everybody here's what's happening at this hour the afghan president calls on the taliban to take part in peace talks to quote, save the country. he made his comment at a conference attended by representatives for more than 20 countries and international organizations. >> we must have con census how to implement the u.n. strategy to counter global terrorism. we must develop a system to classify international terrorist negotiation and organizations.

and we must develop criteria for dealing with states who rely on terrorist negotiation as instruments of foreign policy. >> two americans, one russian astronaut returning from the international space station to the bitingly cold flat lands of central asia ended a five and a half month mission highlighted by robotic renovations. and pope francis calling for prayers for those suffering in the middle east, specifically syria. he also called for prayers for krig christians who he says people want to expel. you are up to date that's the news update this hour carl, send it back downtown to you. >> sue, thank you very much. sue herrera. when we come back, a look inside one of the valley's most enigmatic companies. that's coming after the break. and more from jon fortt from baela. rconstay with us

i we worked with pg&eof to save energy because wenie. wanted to help the school. they would put these signs on the door to let the teacher know you didn't cut off the light. the teachers, they would call us the energy patrol. so they would be like, here they come, turn off your lights! those three young ladies were teaching the whole school about energy efficiency. we actually saved $50,000. and that's just one school, two semesters, three girls.

together, we're building a better california. the elusive palantir alex karp gave a rare interview to josh lip tton that joins us with some fascinating highlights. >> elusive is right. palantir ceo alex karp doesn't

speak often to the press i caught up with him, talked about his company's mission and corporate customers. remember, that includes airbus, merck, chrysler. he didn't mince words about other tech companies in silicon valley said they should be doing a lot more to help the american work force. >> i tend to think we're more shy than secretive we are not consumer internet, we stick closely to our own business, but because of the breadth and depth of our work, we're in over 40 kunlcountries. on the clandestine side, people want results and want to know why. it is built on data integration motor that's specialized for very certain things. national security context, we work hand in hand with most of the special operators in western world, work hand in hand with most of the clandestine

services, external and internal in the western world, especially in what's known as five is, english speaking countries and also in many other countries. we're well known for police work and very well known for data protection >> you talk about on the commercial side, corporate client, chrysler, for example, is a client. give me an example how chrysler is using palantir technology now. >> so you have a problem when you're building any kind of motor, doing any kind of drilling we are well known in industrial drilling context, in flight context, in automotive context, although we don't talk about it much publicly. you need a product that interfaces with everyone in the company, the ceo, the managers, and also the auto workers that has an engine that can power that, and front end that they can work with intuitively. the thing that's special here that actually we're very much driving, i believe silicon valley is creating innovation without jobs and it is hurting

our world. maybe i'm just going back to my old philosophical days, but what made this company special is not that we're secretive or enterprise software, we have been focused on fighting terrorism with data protection, and we're recently focused on as well, innovation with jobs now, why should we care? because if you don't have jobs, you don't have democracy and i think obviously we were born in silicon valley, we're of silicon valley in some ways, but this movement towards innovation with no jobs is really hurting our society. >> so you heard there some harsh words for his silicon valley peers. his co-founder, peter teal is reportedly moving away from san francisco to l.a i also asked karp about his company's financials he said if and when he took his company public, investors he thinks would be impressed by what they see. >> you know, my lawyers will not let me comment on any economic

thing, which i would be happy to talk about, but i'm not really allowed to what i can tell you that might be interesting in this context, we understand as creative company, we look create of to the outside world, not what people are expecting in any context, don't look like a national security company, we don't look like a classic enterprise software company, we have no salespeople. i am a ph.d. in philosophy we are making great strides to standardize everything so if we choose to do a public offering, we could do it immediately in that context, we're making strides and at the time we choose to show things, i think people would be surprised at the revenue. >> do you think early investors have been patient? does the company boast the kind of financials that would excite and attract public investment markets? >> i think when we do this, i

think people will be very surprised at what they see and i think they'll be positively surprised because we have been secretive, people assume we're different than they expect, maybe sometimes positive, maybe negative what they'll be surprised at is how a creative company can create margins that are significantly better than people normally see >> and finally, peter teal we know is a trump supporter. i asked karp if that relationship has benefitted his company in any way he told me he works directly with government agencies and his business isn't impacted by who sits in the white house. carl >> josh, fascinating interview, thank you for bringing that to us given comments about other commen companies in silicon valley, given we have seen russian interference in the u.s., vulnerabilities on tech company

platforms and response to it, did he have thoughts on that >> no. i mean, in general we know palantir talks a lot about privacy and security they highlight that. we also know when you deal with this kind of sensitive information, that's always highlighted. there's always the potential that falls into the wrong hands, all of the cyber security attacks on companies and we covered here on cnbc with jobs, he was talking about listen, his software is empowering workers and managers that work on the assembly line at chrysler, hopes to preserve their jobs in the future, give greater job security he thinks it should be a priority, not just to palantir but to a lot of peers out here >> josh, thank you josh lipton in san francisco. it is the last trading day of the month if checking your

cl calendar more on the biggest winners and losers in february losers in february stay with us with ingenuity, technologies, and markets expertise we create the possible. and when you do that, you don't chase the pace. you set it. nasdaq. rewrite tomorrow. and i recently had hi, ia heart attack. it changed my life. but i'm a survivor. after my heart attack, my doctor prescribed brilinta. it's for people who have been hospitalized for a heart attack. brilinta is taken with a low-dose aspirin. no more than 100 milligrams as it affects how well brilinta works. brilinta helps keep platelets from sticking together and forming a clot. in a clinical study, brilinta worked better than plavix. brilinta reduced the chance of having another heart attack... ...or dying from one. don't stop taking brilinta without talking to your doctor, since stopping it too soon increases your risk

of clots in your stent, heart attack, stroke, and even death. brilinta may cause bruising or bleeding more easily, or serious, sometimes fatal bleeding. don't take brilinta if you have bleeding, like stomach ulcers, a history of bleeding in the brain, or severe liver problems. slow heart rhythm has been reported. tell your doctor about bleeding new or unexpected shortness of breath any planned surgery, and all medicines you take. if you recently had a heart attack, ask your doctor if brilinta is right for you. my heart is worth brilinta. if you can't afford your medication, astrazeneca may be able to help.

coming up today, halftime report is the new fed chief friend or foe to investors the great debate on what powell has in store for the markets. and big cap energy analysts say is a great by. and ahead of jim cramer's interview with the underarm or ceo, debating if the stock has put the worst behind it.

we'll see you in 15 minutes. >> looking forward to it thanks, scott. let's head back to barcelona. jon fortt joins us live from mobile world congress. jon? >> reporter: thinking about the big themes that emerged out of barcelona this week. 5g is the big deal thinking about the fcc chairman that talked to the crowd who told them what they wanted to hear, which is that the u.s. is serious about pushing spectrum, getting it ready for deployment, pushing 5g quickly as possible take a listen. >> firmly believe if we push enough spectrum into the marketplace, allow innovators and entrepreneurs to use it, commerce will benefit with better, faster, cheaper wireless experience in the 5g sector. >> reporter: another angle, what it means for operators you want to insult a character, call them a dumb pipe.

5g holds potential to keep them out of that category, perhaps give them certain advantages in the next era i talked to dominique delpor about that take a listen. >> it is hard to imagine the consequences of 5g, not one increment, it is exponential venture. imagine a two hour long movie takes six minutes on 4g. takes 3.6 seconds on 5g. >> reporter: and finally, china. when we first started coming here, when i first started coming here four years ago, there weren't nearly as many chinese companies at every level as there are now hand set makers, gadget makers, brands you never see in the u.s. are here you have to remember, five years

ago china pushed ahead of europe in deployment of 4g. we know that spot that says lte, china ramped that up quickly they plan to ramp up 5 g when it comes to using it in the industrial sector, in factories, installing sensors everywhere. people expect the u.s. and china to lead in deployment of 5g. all that businesses need to keep in mind for the technological future back to you. >> it is certainly another area we're seeing the race emerge between the u.s. and china jon, appreciate it jon from mobile world congress in barcelona. let's get over to the cme. rick santelli, get this edition of the santelli exchange good morning, rick. >> good morning, carl. at the end of the previous year, 2016, a dollar indexwas 1.02 and change end of 2017, .92 and change. hasn't been a banner run for the dollar the last year and a half

or so, but nonetheless if you look at what's going on with interest rates, with the federal reserve, balance sheets, rates, it seems a bit incongruent but there are other ways to look at it. if we have a weak dollar, we import some inflation, that could effect the fed, the euro seems to be the darling. and then "the wall street journal had several articles the last few days speaking about how investors maybe even in japan may cut back on treasuries, the weak dollar, they believe it has to do with the current president and his ideas regarding trade. whatever the reason, technical analysis cuts through all that, and there are big things going on let's go to the board. chart of the dollar index. settle at 92.12. you take high close and low close for the year, that mid point is 90.52 you know where we're trading

now? anybody? yeah, you guessed it, real close to 90.52 and you have a double bottom going on and if you look at the most significant high in between them, 90.44. you have a lot of levels that are close and starting to break away is there a trade here? there certainly is i like to look at it if you take this chart, turn it upside down and backwards, you get this chart the reason you get this, about 57% of the dollar index is evaluation is the euro currency. they should look the same. i think this chart is every bit as interesting you pair them together, you have a lot of good spots to pay attention to to have a profitable trade 122.23 is the mid point for high and low of the year. where we trade now, 122.18 darn close you look at the low, 122.47, you can see. but the reason this is so important obviously, twin peaks

slightly above 125, how nice the measurements were. you get this trade right, dollar index going longer, euro going short, you look to test between 120 and 119. that's a big profit when you're at 122.18. morgan,you >> thank you, rick rick santelli in chicago up next, square reporting a beat after the bell yesterday that's our results exceed estimates on earnings and revenue. we'll hear from the ceo of the company's quarter. stay with us you know what's awesome? gig-speed internet.

you know what's not awesome? when only certain people can get it. let's fix that. let's give this guy gig- really? and these kids, and these guys, him, ah. oh hello. that lady, these houses! yes, yes and yes. and don't forget about them. uh huh, sure. still yes! xfinity delivers gig speed to more homes than anyone. now you can get it, too. welcome to the party.

welcome back square posting a beat yesterday. shares up 165% over the past year diedra is speaking with sarah friar. she joins us with the highlights >> hey, morgan we talked about square's move up u market and signing on largest mai merchants. comes down giving customer what is they need on bitcoin, it lets users sell the currency she says it's a small part of the business, but space that square has to be b in. >> i think as a payment innovator, i've said this numerous times, it really pays us to know how that technology is going to evolve jack is right that kryps toe currencies and block chain is going to reshape how payment os

c occur. we have to understand that >> square keeps a small portion of bitcoin to creately quick d tidty. she weighed in on the gun debate square does not allow gun sellers to use its technology. i asked her if visa and mastercard could follow suit >> visa and mastercard and amex have rule books so they information decisions all the time about what can be sold. you can go down the chain. and they have rules around certain drugs that you can't buy or certain activities that you can't take part in orbit coiso absolutely, why couldn't they take a stance i guess would be my push back to them >> we know that visa and mastercard are remining neutral on gun sales >> thank you very much after the break, it is the last trading day of the month we're going look at the winners

and losers from a volatile february as the dow is off a couple hundred points from the intraday highs yesterday, we closed nearly 400 points off the introday highs. more sidewalk alley continues in more sidewalk alley continues in a minute we just got married. more sidewalk alley continues in a minute we're all under one roof now. congratulations. thank you. how many kids? . his three. along with two dogs and jake, our new parrot. that is quite the family. quite a lot of colleges to pay for though. a lot of colleges. you get any financial advice? yeah, but i'm pretty sure it's the same plan they sold me before. well your situation's totally changed now. right, right. how 'bout a plan that works for 5 kids, 2 dogs and jake over here? that would be great. that would be great. that okay with you, jake? get a portfolio that works for you now and as your needs change from td ameritrade investment management.

wow! record time.s. at cognizant, we're helping today's leading life sciences companies go beyond developing prescriptions to offering subscriptions with personalized, real-time advice for life-long, healthy living. honey? you almost done? nope. get ready, because we're helping leading companies see it- and see it through-with digital.

in case you missed it, amazon inking a deal with ufc to sell pay per view packages including this weekend's slate it's amazon's first foray into pay per view a direct warning shot to cable companies as consumers can now bypass those entities. amazon has gone the live sports route before purchasing streaming rights to ten nfl games last year for $50 million. but that got some attention today. anytime they put their toe in the water, you wonder about their larger ambitions >> the first conversation we had talking about netflix and amazon in light of this comcast sky,

fox, disney i merging bidding war and here you go. here you have it amazon pushing harder into the competitive landscape. so as we mentioned, it's the last trade din last trade din day of the month. take a look at february's winners in tech. those are rounding out the top five for the month all up more than 7%. netflix is up more than 51% year to date. in terms of the losers though, especially when you look at the dow, ge again and it's actually walmart in light of this whole competition landscape in e commerce with amazon >> as far as ge goes, it's been pointed out today, shares have declined every month for the month for 12 months. every month for the past year, ge has lost ground the longest monthly losing streak for the stock on record got to go back to 1971 to see

you long those records go. dot com is reporting pershing square is building a stake in utx. a company you know well. >> yeah and that comes on the heels this week, grathe ceo is saying he's looking at portfolio review >> dow remains in the red. get to the judge and the half. >> all right, thank you very much new at noon, more on the breaking news. i'm tomd from bill ackman himself that pershing square has been billing a position in united technologies. there have been some rumors in the market today reporting in fact that an activist was build iing a positn and maybe there's more than one, but i can tell you, bill ackman and pershing square are building a position in united technologies he said he thinks it's a great company and that's where our con ver sags really ended. wouldn't go into more detail but i have to traders with me today to discuss this. what this could mean for