it is 8:00 a.m. at boeing factory in renton, washington, 11:00 a.m. on wall street and "squawk alley" is live ♪ ♪ good morning i am carly fiorina with morgan brennan and jon fortt. dow down 6 points. we start with boeing on watch today, down two-tenths of a percent following the president's call to ground all of the company's 737 max jets.

let's go to contessa brewer. >> they call it an emergency related to safety and commerce and grounded the max 8s and 9s the acting administrator told cnbc they got new information just yesterday before the announcement was made, physical evidence from the crash site of the ethiopian flight 302, and refined satellite data, tracking data passed on by flight aware and partners at arion. there are some similarities between the ethiopian crash and a lion air crash five months ago. >> the full track of the ethiopian flight was close to lion air also, the evidence we discovered on the ground was even further evidence that the flight was very similar to lion air. >> boeing is standing behind the safety of the max aircraft, says out of abundance of caution is

urging the faa to suspend operations of the max fleet, 371 airplanes globally american airlines, southwest, united have all given statements supporting the safety of the plane, especially because of their pilot training programs, and analysts like those at bernstein see that support as a positive sign that problems that led to the crashes can easily be addressed. boeing has lost $25 billion in market cap since the accident. stock trading down a quarter percentage point there are real questions for investors. how quickly can boeing certify a fix? will deliveries of max planes with halted, and how long will the grounding last >> thank you very much joining us, former ntsb chairman, current chair of washington, d.c. metro rail safety commission, chris hart. and vice president of equity research, covering airlines, joe kaida. chris, thanks for joining us

after yesterday. >> thank you for having me. >> more opinions on how long a grounding could last some analysts say three to six months for eventual certification, does that make sense? >> that's a good question. this is uncharted territory. we never in the u.s. had a grounding for any reason other than catastrophic mechanical failure the pilot couldn't fix in the moment. the two were the d.c.-10 when the engine separated from the wing, and the boeing 787 in 2013 when they had lithium ion battery fires. those are events that are disabling, nothing the pilot can do about it in the moment, those were obvious reasons foregrounding. here is a different scenario you have automation usually reliable, occasionally it fails, sometimes when it fails, a small percentage of pilots don't know how to respond to it properly. others did respond properly, small percentage doesn't that raises a question about what's the bright line to ground

and what's the bright line to unground in terms of how long will it take, this is new, uncharted territory. there's no bright line foregrounding. we've done that. is there a bright line for ungrounding? no how do you do that when this is automation that rarely fails and when it fails a small percentage of pilots don't handle it properly. >> in light of that, chris, if we're in uncharted territory, and the bright line in terms of when it could end is not clear, how long can you be talking about in terms of the process to determine when and whether the planes are safe. >> that's anybody's guess at this point depends on fixing the software to make it more human friendly, the other is training of the pilots to deal with the software it is not just an equipment situation, it is an equipment/human situation. you need to address the human the equipment side that's a good question how long for both those things to happen to some degree of

satisfaction what is the degree of satisfaction we don't know that there's no bright line on this one. >> joe, the story has been developing quickly we went from boeing saying these are fine to fly to hours later, then the airlines, to boeing saying we're totally fine with the grounding now. what are the risks and issues that you see from a corporate and investor perspective here, if indeed this is a problem with the way boeing engineered the plane and if some of the planes are out of service for a period of months. >> sure, yeah, no, that's definitely the right question to be asking. obviously we won't speculate as to the causes behind the accident where everybody is waiting for more information we do know that boeing is working on a software fix after the lion air incident, they planned to roll that out to operators ahead of a directive in april

it is unclear if new or incremental information from this investigation changes the remediation time line for boeing in other words, do they have to go back and make incremental changes to fixes that they were already working on i think it is important to note the way the airline stocks are trading that it suggests the market doesn't think this is a huge impact in the near term, but obviously the big question is the question raised a minute ago, the duration is uncertain. >> why are most of the airline stocks higher, especially southwest, up more than 1% now, has the most of the max aircraft in the fleet >> right you've noted correctly on the program a number of times southwest has the biggest exposure in the u.s., even then, it is 4.5% of the in service fleet, maybe 5% of first half seat capacity, so southwest is also at a disadvantage, being a point to point carrier compared with american and united that also operate the airplane. they have a little less

flexibility in how to reaccommodate passengers the big picture is that airlines have some flexibility. >> are stocks trading higher because they think you're taking capacity off line and that's good for prices? >> i think that's part of the reason why, whether that comes to fruition is a bigger question it is not clear it will be a massive boon to industry pricing. generally speaking, we're talking one or two points of capacity in the united states that is being flown by a 737 max aircraft, and investors obviously tend to think less capacity is better. >> chris, as we're talking the president in a public appearance says he hopes the planes are grounded for only a short time, hopes that boeing figures out problems, says that the company is under great pressure. the black boxes are going to paris, not to the ntsb what are you looking for in terms of how they process early information? >> first thing you'll be looking for is what kinds of similarities, dissimilarities between this and the lion air

crash. the lion air crash was the reason for this. we don't know enough about the ethiopian crash to draw conclusions from it. but they'll be looking closely at what did the software do, what did the pilots do in response and the same issues in lion air to see what extent are they similar, what extent are they different. >> chris, wondering yesterday before the latest information on the satellite tracking data was out, you didn't agree with the idea that the planes should be grounded have you changed your position on that and then also what is the precedent that the grounding sets in your mind? >> i haven't changed my position, it is just that i'm nervous about entering new territory when we don't know where it will take us. it will be an interesting journey, times they have changed, they'll keep changing, it will be an interesting journey to be grounding an airplane for reason other than catastrophic mechanical failure that's a single point failure a

pilot can't fix in the moment. in this situation, the pilot can fix it if the pilot is properly trained. that's something the ntsb will be exploring, to what extent were pilots trained. a lot of pilots said i knew nothing about it i am sure ntsb is looking into the pilots and what extent were they trained for it. you're going into new territory that i am concerned about. >> you're referring to some reporting quoting pilots who were briefed by boeing in the early days of the new model that they didn't get sufficient information andaccording to them the response from boeing is we didn't want to inundate you with a bunch of new data sets. >> right it is interesting that we have reports that pilots were challenged with the system, but most of them came through successfully, yet the pilots were not clamoring for grounding the airplane they're the ones that are the real experts on what to do and they didn't clamor for grounding, to me that's reason to think maybe this is not an appropriate situation

foregroundi for grounding because it is not a catastrophic failure pilots can't fixin the moment. >> we're going to kayla tausche with more comments from president trump. >> reporter: the president in expanded pool spray is making comments about brexit, about boeing he said as far as brexit goes, it is a tough negotiation going on, the u.s. will stay in its lane he wasn't necessarily in favor of brexit, just that he thought it would pass. on boeing, he mentioned the comments that they're in a tough situation, the right decision was made on the widening democratic field in 2020, asked about beto o'rourke and recent decision he announced to run for the nomination for the democratic candidate in 2020, he said whoever it is, i'll take him on. that spray is currently on-going we could have more headlines on the president. we'll bring them to you when we have them. >> thank you for that. joe, turning back to boeing

now, you had some airlines come out and say across the globe that the costs inflicted from this are going to turn to boeing to look for reimbursement. is that something they'll be able to do >> unclear that's one of the major unanswered questions aside from the duration of the grounding, that and whether or not airlines are going to continue to accept deliveries from boeing while the fleet is grounded. obviously it is a bigger, more important question for boeing investors than airlines, but there's a cost having to continue to take on those assets, not be able to deploy them in revenue generating fashion. the answer is we don't know at this point, but expect the airline's position is they will seek compensation from the manufacturer for any disruption and i expect that they'll refuse to accept deliveries while the fleet is grounded. >> they'll continue to make almost two a day, 52 a month, and if deliveries are halted, do

they keep that up? >> my expectation is that boeing will maintain the production rates to minimize the supply chain disruption and they'll have to carry that inventory on their balance sheet a little while longer you'll eventually have a big working capital unwind boeing has the balance sheet to be able to do that, but it is probably far less disruptive than moving production rates around. >> interesting that's a couple steps from where we are now we'll see if that happens. thank you so much, guys. appreciate it. when we return, facebook shares are taking a hit this morning, down 2% as federal prosecutors reportedly open a criminal investigation into the social network data deals with other tech companies dick costolo joins us next on that, and washington's continued lin llre on silicon valley lin llre on silicon valley back after a quick breakdo.

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can i find my wifi password? just ask. [ ding ] show me my wifi password. hey now! [ ding ] you can even troubleshoot, learn new voice commands and much more. clean my daughter's room. [ ding ] oh, it won't do that. welp, someone should. just say "teach me more" into your voice remote and see how you can have an even better x1 experience. simple. easy. awesome. shares of facebook under pressure today, down nearly 2% "new york times" says the social network data deals with some peers in silicon valley are under federal investigation, this as what's app co-founder reiterates his call for users to delete the app it comes during a rough stretch for facebook and all of big tech as regulatory pressure continues to mount in washington from the likes of elizabeth warren and others joining us for his take on all of this, former twitter chief

dick costolo good to see you. >> thanks for having me. >> facebook first. the "times" story raises more questions than it answers. we have been down the road of scrutiny before, and eventually engagement doesn't show signs of cracking what do you make of this >> i don't think concerns over where's my data going and where is it being used are going to stop, it is only going to increase particularly with the rise of more things that we come to realize are listening to us people increasingly understand the devices in their homes, alexa type devices are listening to them, teslas they're driving are keeping track of everything the driver is doing. i think that trend will continue, particularly because it is pretty opaque to all of us as users to understand where that actually goes, who gets to

see it, how long it is kept. it sort of drips out over time that this information is kept for years, can't be deleted, and this information was actually shared with a third party without you knowing it across companies, not just in facebook. i think that both that user concern and cross platform sharing that drips out over time is going to further increase the pressure on all of these companies to do something about it, and those companies that are particularly opaque, like facebook in the past, are probably going to face increasing pressure. i don't expect this to end, i expect it to get a lot hotter for them. >> dick, it seems like there are two different responses to big tech power, one from elizabeth warren saying break them up, a different response from daniel eck saying there need to be different rules to deal with players that created the

platforms, essential platforms, and at the same time are playing on them in a way he argues isn't fair what do you think comes of this, whose way of dealing with this is going to be right >> i would say that generally speaking daniel's perspective is more broadly shared by people here in silicon valley the challenge for folks out here, all of us that watch the congressional hearings with mark, cheryl, jack, there was almost a surprising lack of understanding of how the companies work from congress and the senate i think most people out here were shocked at the limited understanding of the way the companies work daniel's perspective is more widely shared. and that perspective is that companies are very different from each other. you can't just say break up amazon, google, and facebook similarly because the products are integrated differently

google, for example, is the majority of revenue and product work is around search and then there are satellite products, amazon is completely different and facebook is completely different from that. i think the short answer is daniel's perspective is more broadly shared and more nuanced about the kinds of things to ask companies to do, and where lines inside the companies need to be drawn. >> dick, you invest in startups, right? >> i do. >> do you think these big top tech companies we talk about day in, day out, that they're do big and stifling innovation from newer, smaller entrepreneurs >> generally speaking no, and that's a blanket statement and it doesn't apply across the board. there are lots of things like the kinds of things daniel eck talked about that are appropriate to consider and think about, how and where lines should be drawn inside organizations, where data

shouldn't be allowed to be shared that's well and good but competition usually comes from where existing players aren't looking they're trying to protect existing moats and cash flow and products you look at where antitrust focused in the past on microsoft, for example, and bundling a browser into a desktop, google came along, crushed them in search, bing didn't stand a chance. it happens in the white space where companies don't focus, that's where the opportunity generally is and antitrust is unlikely to help those startup companies that probably if you asked them would say we don't need it >> is the valley taking elizabeth warren's comments seriously? >> yeah. the short answer is yes, they're taking them very seriously

>> meaning they could become political reality, even though we're in the earliest stages of primary season >> listen, when ted cruz and elizabeth warren agree on twitter, everyone out here takes notice, and they agreed on this point. i'm not sure that's a good thing. when you've got the farthest thing, the person on the farthest end of one spectrum and their bipolar opposite agreeing, people understand this is serious, we need to take it seriously. the next step is are the sorts of things you hear from people like daniel eck, here's a more nuanced way to look at it, how an insider would think about it, you'll probably hear more from folks out here as we start to understand and get comfortable with this as something that's likely to happen one way or another. >> dick, do we need -- we have the fcc for telcos, isps, do you

need one for these, the airways, traditional pipes are the gating factor when it seems like the platforms of often just as much gate keepers as anyone else. >> the short answer is no because the ftc, federal trade commissi commission, focuses on that specifically they focus on it very specifically and have been in all of these companies' back offices with legal teams for years, with twitter, linkedin, facebook, since 2008, 2009 i don't think they do a particularly good job and up to speed on how the companies work. it would do us all a great service if they were, but that organization exists and is already spending a great deal of time and money as are these

companies working on this. >> finally, dick, it was last year, jack dorsey told regulators he was looking for metrics, and we get reports that's what they plan to do. there was outrage whether it would change the character what do you think? >> we'll see whether that happens. i think i know they're running a test of different ways of using the platform now and emphasizing threaded discussion and call it a reddit style way of viewing the conversation i'm going to not hold my breath and wait for metrics to go away. they're an interesting engagement metric, frequently helpful to people in understanding what's going on in the platform and where the roar of the crowd is if you will, the

way i used to put it we'll see. i'm not so sure those are going away anytime soon. >> dick, always good to see you. thanks for covering so much ground with us every time. talk to you soon dick costolo, joining us from out west. the president meeting with the prime minister of ireland, taking questions on all sorts of topics including trade and brexit and boeing. let's listen in. >> i'm not going to comment on brexit i can tell you it's a very complex thing that's going on right now, it is tearing the country apart, tearing a lot of countries apart, it is a shake it has to be that way. i think we will stay right in our lane we are doing fantastically as a country, our economy is booming, we're the envy of the world, other economies are not doing well, and we're doing record business, so we're very happy about that and it is great to have the prime minister of ireland with us

i think he has a lot of hand movement i said is he crazy or is that just the way he acts i have never seen hand movement. i watched him a little while this morning doing i assume some kind of a news conference and i have never seen anything quite like it. study it, i'm sure you'll agree. >> who is the bigger threat, beto o'rourke or joe biden. >> whoever it is, i'll take it all. him or her whoever it is, i will take him or her on. and i think with the economy doing so well, with all of the things we have done with tax cuts, the biggest in the history of our country, tax cuts with people having a lot more money in their pocket, with their 401(k)s hitting record numbers, they've never been considered great investors by their wives or by their husbands, whatever it may be, now considered great investments, but the market is hitting almost new highs and i have all of the records, every

single record i have for the stock market, so i think it is going to be tough to beat. if you look at african-american, if you look at hispanic or asian unemployment, in the history of unemployment we have the best records. so i think it will be tough for somebody but you know what, whoever it is, it makes no difference to me whatsoever. i will be coming at some point during the year, i missed it last time, i would have loved to have been there, it is a special place. i have a warm spot and it is a great place. >> on the boeing planes, how long do you think they'll be grounded >> i hope a short period of time look, they have to find out what it is. biggest thing they have to find out what it is i'm not sure they know but i thought we had to do it, we had to take a cautionary

route, the grounding of planes yesterday was a big thing, you're involved with boeing also the grounding was a big thing. it is a great company. a truly great company. hopefully they'll figure it out very quickly it is a big decision also one of our largest exporters, one of our truly -- one of the truly great companies of the world, they have to figure it out fast they know that they're under great pressure >> are you still a great supporter of brexit? >> i was it wasn't that i was supporter, i predicted it was going to happen, and i was right, and people laughed when i predicted it and they won by abouttwo points i was standing out on turnberry, we had a press conference, people were screaming, that was the day before, i think you remember, and people were screaming and i said no, i think it is going to happen. people were surprised i made the prediction because president obama made the opposite prediction and i was right and i will tell you i'm

surprised at how badly it has all gone from the standpoint of negotiation, but i gave the prime minister my ideas on how to negotiate it and i think it would have been successful she didn't listen to that, and that's fine, she has to do what she has to do, i think it could have been negotiated in a different manner frankly i hate to see everything being ripped apart now i don't think another vote would be possible, it would be unfair to people that won that say what do you mean you're taking another vote, so that would be tough. but i thought it would happen, it did happen, and both sides are very, very -- they're cemented in. it is a tough situation. it is a shame. frankly it is a shame. there was no reason for that to happen they could have had the vote, it should have gone smoothly, unfortunately it didn't. very complicated issue and actually, the issue on the border of ireland is one of the most complex points. >> do you think it should be

extended for more time >> i think they're probably going to have to do something, right now they're in the midst of a very short period of time, the end of the month, and they're not going to be able to do that. i would like to see, excuse me, i would like to see that whole situation with brexit work out i would like to see, so we're talking to them about trade and we can do a big trade deal with the uk we're also renegotiating our trade deal with the european groups and literally individual nations and also with -- it was sad to see what happened i'm sure you agree with that do you have any feeling, would you like to express feelings on brexit maybe i shouldn't let you do it. get you in trouble. >> we have a different opinion, i regret that brexit is happening and the uk was an important of the european union, but they're going now, and that's their decision. most important thing for us in

ireland is that their decision to leave shouldn't cause any problems in northern ireland where people voted to stay and we shouldn't have a hard border or anything to disrupt the peace process, and we want to be sure we still have frictionless trade between britain and ireland. i believe in free trade. i think a few years until the united kingdom sorts it out. meantime, european union is available to talk trade with the u.s. >> we're talking about trade with the european union. they have been tough over the years. they were unwilling to negotiate with the bhiobama administration and unwilling before that, i am not just blaming president obama. they're willing to talk to us. if they won't, it will be something severe economically, tear up a lot of products coming in european union treats us very unfairly, i have to say that, very, very they treat the united states for

many discretionary aiecades unf. we want to get something that's good for theist. -- the united states [ inaudible question ] >> i will probably have to veto, the legal scholars say it is totally constitutional it is very important it is a border security vote it is pure and simple, a vote for border security, a vote for no crime we have a border situation also but slightly different than yours. ours is not complex. we have very bad laws that are archaic, put in by democrats and the republicans didn't fight hard enough at the time, that was a long time before me, but we have catch and release and chain migration and all sorts of things that are horrible and the world is laughing at the laws that were passed with respect to us.

and we're going to have a strong border soon. we're building a lot of wall there's a lot of wall going up, i don't know if you see it, want to see it, we're building a lot of wall and contracts being let out tomorrow and the next week for additional many miles of wall we're going to have hundreds of miles of wall up fairly soon and it is going to make a big difference we also have to change the laws because whether it is visa lottery, whether it is chain migration, whether it is catch and release or anything else, they're horrible, horrible laws. i want to commend our border patrol and i.c.e. and our military has been fantastic, by the way. we are building a lot of barbed wire areas where people were pouring through, they're not getting through. they've done a fantastic job we built some temporary and permanent fencing with the military they've done a fantastic job

but border patrol, they are capturing, catching, grabbing, doing whatever they have to do thousands of people, thousands of illegal aliens a month. 75,000 last month. the job they're doing, they're apprehending, call it whatever you like to use, but they're apprehending thousands and thousands of people a month, and we're catching them and keeping them, not doing release. at a certain point we have to do some release because we don't have the bed space, we don't have the room, and we don't have the funds to build new space because we have ridiculous laws. in other countries, leo, when you have somebody come in illegally, you say sorry, you have to leave. in our country because the laws are so ridiculous, i mean so stupid, we have to give them a trial. so we send them into the country and they're supposed to come back, but rarely do they come

back the most ridiculous set of laws, the democrats' fault, we want to change them. unfortunately we need their votes too, and i think it will be a great election this year. okay anything else? >> are the immigration policies cruel? >> i don't think they're cruel, i think they're the opposite of cruel. they become cruel because they're so ridiculous and it hurts people it actually does the reverse of what they're supposed to be doing, but no, they're meant to be the opposite and they're hurting people, they're really hurting people a lot of people. and i think that we have done an incredible job, we're apprehending record numbers of people, but if we had border security, if we had the wall, if we had a proper wall which we're building now as we speak and we're getting a lot more funding for it as you know in what we're talking about and the vote today, whether it is positive or not, i am vetoing it unless i don't have to, i will do a veto,

it is not going to be overturned, we did a great job at the border through apprehension, but shouldn't have to be in position to apprehend 75,000 people a month. shouldn't be in that position. thank you all very much. i love being with the prime minister of ireland. thank you very much. >> proper the prospects of a summit with president xi >> we're doing well with china talks. they're doing very well. we'll see what happens if it is not a deal that's a great deal for us, we're not going to make it i would say we're moving along at a very high level, we're getting what we have to get. i think we're getting it relatively quickly, so the china talks are moving along as to whether or not we'll strike a final deal, that i would never want to say. they're moving along very well >> mr. president -- >> thank you very much thank you.

>> that's the president, addressing a number of topics, boeing, brexit, eu trade, china trade, immigration, on a day the senate is going to vote to limit his national powers of national emergency declaration. kayla tausche is monitoring the headlines. >> reporter: you heard the president say if congress votes to turn down his emergency declaration, he would veto that. i think the biggest headlines were on the international front, sitting with the prime minister of ireland, three decades his junior, he talked about brexit specifically and how the irish border is one of the most complicated issues in brexit he tried to give the uk prime minister advice on dealing with brexit last summer, that she turned him down. he alluded to some sympathy he might have for prime minister

theresa may, saying that the u.s. is having issues of its own negotiating trade with europe and if they don't come to the table, the u.s. would do something he called severe economically against europe, that they would place tariffs on potentially european cars. he said the brexit situation, doesn't want to predict how it will come out, thought it would be the case, but the situation is a shame and the u.s. hopes to do a trade deal with the uk as he tweeted this morning. on china you heard at the end he fielded a question from a reporter in the room in the oval office on talks with china he said he doesn't want to predict a deal will happen, but thinks the two sides are making progress carl >> i will take it, thank you and mongodb issuing strong guidance and beat on revenue, still up about 25% this morning. the ceo, dev ittycheria, joins ea on the other side of this brk. brk. back in a moment

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mongodb, big mover of the morning. shares up 25% in today's session after the company reported half the loss wall street was expecting. mond also posting a beat on revenue

this quarter shares more than tripled the past 12 months joining us exclusively, dev ittycheria good to have you with us >> thanks for having me. >> clearly this quarter caught some people by surprise. right now, the value on the company is somewhere around i think 20 times fiscal 2020 expected revenue so focus on growth how are you going to grow from here how important are partnerships like the one you've got with ibm. >> you step back and think about the market we're going after, it is truly one of the largest markets in enterprise software every application needs a database this market is estimated to be 84 billion in 2022 moreover, 98% of the market is using technology that's over 40 years old. when people think of the

technology called relational database, pre-cloud, pre-mobile, pre-internet >> calling out oracle there. >> you think of problems they want to solve today, you want to use technology designed for today's problems, not yesterday's. that's why we are the most popular next generation database as this shift happens, we believe we'll be one of the beneficiaries. >> you're not worried about amazon you said, which months ago announced a mongodb compatible database product. how do you thread the needle between oracle on one side and amazon on the other. >> there's a massive secular shift moving work loads from on premise to cloud customers realize they can get more value, focus on things that matter and outsourceeverything else when it comes to database services, you don't have to worry about configuring that, and focus on building amazing

applications we have a service called atlas to point out, it is so popular today, it is now in less than three years hit a $100 million run rate, growing over 400% year over year. name another business of that scale growing that fast. that speaks volumes how customers are embracing our cloud offering our cloud offering runs on amazon, google, microsoft, beneficiaries of our growth. >> is that interoperability a selling point? if you go against amazon and oracle, are you making pro-cloud on one side and then you can run it on the laptop, amazon's, microsoft's cloud, is that how you expect it? >> it is more. we have document based architecture not to get too technical, it is easiest way to work with data. developers that are primary user love mongodb because it is natural and intuitive to use our

document architecture versus trying to stuff it in tables that's why people are embracing mongodb. and there's no lock in, you can run on premise, in your data center, in the cloud, and go from one cloud provider to another without relining code. the reason they love mongodb, it dramatically increases productivity they can innovate quickly and do so very fast. >> i want to dig into this a little more. we have seen your stock react recently on headlines. amazon, friend or foe? >> we partner and compete. who doesn't compete with amazon today. they helped deployment of atlas on their cloud, we worked with them in the field, closed a lot of joint customers feel good about our positioning. >> we have been showing the chart. when do you use that currency to buy stuff, would that acquisition be vertical, horizontal >> we made a couple of surgical

acquisitions in the last four years. don't see the need for massive acquisition, combination of technology and hires we are in front of a massive market opportunity when you think how large the market is, how large support of developers around the world, we have over 13,000 customers, some of the most sophisticated customers, morgan stanley, at&t, barkley's, cisco, and mom and pop shops not just in north america but in europe and asia people are adopting mongodb at a massive scale. >> one of my big questions in this environment is about the mechanics of scaling because you've got a lot of big players that have a lot of reach, small innovators trying to go up against those

beyond say this ibm partnership, do you see a play book with vmware followed, multiple partnerships with larger legacy enterprise players where that works? how do you see this working out? >> we actually have a growing partner ecosystem, another example of partners, systems incident gr integrators. even boutique companies, they're building applications and they're the forefront of using technology like mongodb. for every dollar we get, they get two to three in terms of service revenue to build the applications they're the forefront of seeing the platform shift happen and for customers using modern technology to build applications that transform people's businesses. >> has the shift to full expensing taking place in tax reform in the u.s. been a tail wind, has that been a boom to business >> the real boom is that

customers wake up and say they need a better mouse trap the existing technology is over 40 years old oracle founded in 1977, and cudos to oracle that they lasted and been relevant this long, not many tech companies can say that but the world is moving very quickly. look at the nature of applications, apps on mobile phones and apps used to drive business, the architecture has fundamentally changed and need a modern platform like mongodb. >> starting salary for an engineer >> around six figures. >> 100, 200? >> it is up there. we hire very, very talented people this is not work for the faint of heart we do complex software development work we're proud to be in new york city but have people in over 20 countries. we have a fantastic engineering team founders were based in new york city but have presence in california we have a big development facility in australia.

we're expanding in europe. we're trying to go where talent is we are feeling bullish about the opportunity. >> you don't want to put a number out there, you'll never get anybody for less but you said on cnbc dev ittycheria, ceo of mongodb thanks for being here. shares of snap up almost 10% now off an upgrade from btig up more than 100% since start of the year on that stock more next. read earnings reports, looked at chart patterns. i've even built my own historic trading model. and you're still not sure if you want to make the trade? exactly. sounds like a case of analysis paralysis. is there a cure? td ameritrade's trade desk. they can help gut check your strategies and answer all your toughest questions. sounds perfect. see, your stress level was here and i got you down to here, i've done my job. call for a strategy gut check with td ameritrade.

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. here is what is coming up top of the hour. ge, boeing, facebook three big names all in the news today which means big debates coming up on what you should do if you own them plus our call of the day gives apple shares a list. is that stock really back in business now and pete and jon both have unusual activity they will give you the names likely to move all at noon. less than ten minutes away see you then >> looking forward to it shares of snap surging this morning after an upgrade at btig julia boorstin has more. >> that's right, snap shares are up more than 10% today on an upgrade from btig, the stock to buy with a $15 price target. the firm long time bearish and skeptical on the stock saying

snap shares could soar 50% over the next 12 months this is the company's best performance in one day of the year since snap gained 22% following its strong earnings report in february and it brings the stock up about 100% year to date. those shares are still down about 38% over the past 12 months btig pointing to a surge in ad spending in north america on snapchat's performance advertising, improvements to snap's discover section, the fact that snap's android app is working well and the fact that the new senior management team seems to be on track >> julia, thank you. tesla set to unveil its latest suv model later tonight moren atn mite oth ia nu now you can, with shipsticks.com! no more lugging your clubs through the airport or risk having your clubs lost or damaged by the airlines. sending your own clubs ahead with shipsticks.com makes it fast & easy to get to your golf destination. with just a few clicks or a phone call,

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and reaches everywhere. this is beyond wifi, this is xfi. simple. easy. awesome. xfinity, the future of awesome. on a day of bad news boeing, ge, facebook, china trade, some buying programs in progress. dow up 38. s&p 5002814, nasdaq on track for the best weekly inga in nine weeks.

the eu's competition watch dog now considering opening a probe of apple over allegations it uses its app store to gain an advantage on its own services over rivals. commissioner telling a driven newspaper that her watch dog would examine if there were parallels with google which in '17 was fined over 2 billion euros for unfairly disadvantaging rivals. looks like they are taking the spotify complaint very seriously. >> and disnot it is not as if pn tech are all lined up. some say yeah, we are concerned

about some of these powers advantaging their own things >> shares of apple still up 1% and actually 6% for the week so far. but again, the eu kind of -- and we've been hearing more commentary here in the u.s. certain with senator warren, but the eu taking the reins in terms of moving forward from a regulatory standpoint. meantime another name to keep an eye on, tesla. take a look at those shares, up slightly this morning. set to unveil its latest model tonight at 11:00 p.m. eastern. an electric suv called the model y. and optimistic on the stock despite negativity on wall street shares are down double digits since the start of the year. and elon musk did a couple hours ago send out that tweet for s

sexy, but instead of the e, 3 for model 3. >> short accepterbusy night ahed and let's get to the judge thank you. i'm scott wapner three stocks, three big stories to debate. ge gives another weak outlook, shares though are higher boeing falling as its max jets are grounded and facebook now said to be under criminal investigation the stock has been surging so what now? it is 12 noon, this is the "halftime report." the big three. a big part of our trading day. but we'll go way beyond ge, boeing and facebook. a big call on apple, see why one t top analyst believes china headwinds may be