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good morning post nine at the new york new york stock exchange. best day here since march 11th now. we want to beginning with huawei tom cotton tweeting rest in peace. thanks so much for playing with us now, with extensive investment in china and henry, guys, good to see you. thanks for coming in how is this being seen in china? is it the trump card some want to believe it is >> i think china is thinking about this in the long-term. i don't think they're really too concern ed about this or that fo now. the government is extremely long-term focused and my guess is that they're waiting this out. they're going to see how this plays out. there's going to be a lot of

public pressure in the u.s. to get rid of the tariffs and they're smart. they're figuring out like what i'm hearing is the u.s. is saying you know what, buy more soybeans and they're saying buy more chips a interest >> it's their biggest tech company and 5g is a big deal for them as it is for us, but you don't see it as exten shl to their growth >> i think the 5g schedule is going to take a decade so these guys are going to wait it out. huawei provides much lower product than anyone in the market they're not going catch up with the cost space in the market >> guys, here's what i don't like about this. unless there's a process to determine whether equipment has security weaknesses, whether it's a threat rkts who's to say

that whoever doesn't decide to spy and just because they're not an adversary, the snowden revelation showed that the u.s. was doing it even to allies and now we're going to play high and mighty with no specific measurement on the equipment it sticks. >> that's it b and even if you're against the trade war, a lot of people are, a lot of smart people. you look at this and say o okay, if this company were installing every piece of equipment and they can monitor every bit of internet traffic everywhere. that would be bad. you'd have to retaliate and control it the problem is, the administration is zero credibility sochlt when they say that, you think, yeah, it's just president trump being president trump and being tough. to your point, imagine china came back, you know what, no more an a l. all those factories making those iphones, we own them, done

hey, it's a security risk. >> what's the damage from my perspective, the dpbest information we're getting, the most consistent on this trade stuff in general is out of china. the trump administration says oh, it's going well, it's not, yeah, they do. >> for the last 18 year, i've been doing business in china truly unfair to tech companies it's the island effect where china has blocked most tech companies going into china save for a handful of companies that have been successful including apple. there's few tech companies gets the time while our doors have been open. our doors have been open so i think what president trump is doing rightfully or wro wrongfully is good for tech companies because it will allow us to enter china. >> if their behavior changes you're saying is there a guarantee that's going to happen i don't know if they will.

they're talking about chips and software and ai. if you look at the article, hey, we feed need to get stronger, we don't hear that from the administration, right? >> there's been a pausety of ai talk >> we're talk about clean coal, oil and bringing back manufacturing. they're talk iing about futurisc thing! our military is talking about it, right? which is why i'm not convinced that a ban on the products is going to go away if we get a trade war because 5g is an integral part. >> i think it's happening. right? software is incredibly hard to audit. ask boeing with their 747s there's bugs, back doors things that developers can do

that are really, really hard to find so every company my guess there has some sort of flaw that always gets updated. maintain microsoft o, windows, how many updates have you had in microsoft windows, apple updates its products all the time, to recover these flaws so i think it's widespread. i think the whole concept of huawei is just pawn in the overall trade war. >> i had a friend who used to say free market capitalism is the best path to prosperity. doesn't really say that anymore. he's into tariffs now, but seems like for free market capitalism to work, you need truth and data, facts. and this whole thing back and forth between the u.s. and china, specifically on this huawei thing is lack iing in facts. that's my concern sitting on the floor of the new york stock exchange is that look, if you're going to do this, with equipment, with technology, fine, but what are the facts you're using to guide the decision >> that's it regardless which political team you support, this is why it's

helpful to have an administration that has credibility and is known for being factual. >> but the u.s. has been reviewing it for years now, including under the obama administration >> show us the facts set up a standard that you use to judge whether equipment is secure and apply it to the world. what we do, right? or just point out somebody who has happens to be b the adversary of the month then shut down the market. >> the last point i want to make, xi appears to be b working hard at coalition building he's going to see putin. working with europe on huawei especially we've dismantled any group effort we had with tpp do you think that's to their advantage? >> i think the strong arm tactic is probably the best way >> really? >> right you think about what china's been doing the coalition, the belt and road initiative, all these countries are using the belt and road initiatives and accessing the capital there. they're going to buy huawei

equipment. they're not going to be access bable in the u.s. b and they've had a tough time i think the rest of the world san open oyster for them the only way to get to the chinese negotiating table is the strong arm tactic. >> the key henry in all of this, is we are not buying huawei, what is our supply chain look like and are there other companies to fill that void? >> very good question. behind in the world race going to be completely isolated. this is the whole issue to me is global prosperity helps everybody. are there unfairnesses between u.s. and china undoubtedly. but the relationship is working. overall, it has, so if we can thing chaing the dhings. when i look at this, you see the global trade numbers our economies is incredibly interlinked. to me, it's dangerous and starting to shoot ourself in the foot >> huawei got started by copying, cloning, cisco

equipment. a lot of the technology that they're using is external technology outside of, built outside of china that's one of the things xi wrote about. right? there's technology out there you can find it in europe and in the u.s. it's going to be more expensive, but you can find the technology! yeah, i don't think we need huawei equipment by any means, but if that's the standard now, do we like you or not whether we buy your equipment, then what's to stop the rest of the world from turning around and using that on us and where's the moral high ground >> but china's been using the same tactic for decades. >> is that -- disagree with 99% of the politics that's happening, but in this instance, it's the only way. >> it might work but at what cost >> it's going to cost us a lot less than china. >> interesting really interesting perspective stick with us, guys, we've been paying attention to the weed companies financials today to

see their losses as quote investments. diedra has more ahead of the potential ipo. first though, breaking news o air bnb. >> that's right. the high profile former apple retail boss and she was also once burberry ceo. she is joining the board of directors. she is the second woman to join the board after ann who has worked at pixar and disney added in august of 2018. the country is leading up to an ipo and they told us a few weeks ago they'd be ready for one then to go at any point so getting the right board in pr place is key and it's a very high profile editiaddition turn tog another unicorn getting ready to go public, the it's really trying to distance itself from the other money losing newly public unicorns. that thing is we were burnt through $1.9 billion last year that's more than either lyft or uper last year

then the first quarter of this year, we got financials, that burn continued with a net loss of 2$264 million unlike the ride sharing companies though wework is not sold in the last quarter, it was $728 million. more than doubling from a year earlier. and this is largely thanks to its expansion of broad and it's grown share of enterprise memberships. we spoke to them yesterday and they said unlike the raid hailing companies, renting out work space is a proven business model. critics argue that coworking has never been tested in a recession and that model which is signing long-term leasing and subleasing them is a major risk during a downtu downturn softbank is its bigger backer.

which was actually $14 billion lower than initially plans so we will need to turn to public market. it's passion cash commitments start at $5.9 billion as of march 31st down from $6.6 billion at the end of december. so it's going through cash quickly. >> thank you very much henry, we thought this uber model was complex. this is going to be even more complex perhaps. >> certainly looking into the financials and separating what's real from what you're being shown, absolutely. to viewer's point, actually, this business is understood. it is buy or lease buildings then stock them up, lease them to other people. just not usually a sexy business it has a low multiple. highly exposed to recessions in any case because in recession, people let go. this has what has killed

retailers. a lot of risk here >> which is what i don't understand if you're talking about a business model, what's the upside to buying the property itself, holding those assets then turning them around and leasing them or sub leading them to another piece of your business >> i'm a technology guy. they've made leasing office space cool >> fit me is also cool how long is it cool? how much, i don't know, must have been the breakfast. i don't know but i think there's a legitimate question about how different is wework from uber they're losing a ton of money on

smomething that in the past, we thought they understood. though the technology in wework not. i don't think you measure the value of the company by how much they're using to date. i think you measure the worth of the company by what's it going to do, how big is it going to get in the future. you compare, i think tas 90-day difference uber has probably changed my life and probably has changed the lives of a big portion of the population in terms of the way it's being used, the way it's going, the automation that's going to happen to me, i think uber is a much more valuable company. >> no driverless in leasing. i wonder if lyft and uber has shown investors have limited tolerances at scale and if that might impact when this comes >> investors are focused on the fact they need to raise billions more capital but that said, everyone is referring this such a disaster terrible ipo, et cetera.

needed the catch they got 8 billion still have a $70 billion capitalization they're doing okay >> oh, just horrible losing a lot of cash, but the companies are good companies what is uber going look like five years from now? >> that's the key. not just going to be like taxi service. it's going to be logistics, there's payments, uber eats, a lot of stuff that's inside the company hasn't seen. >> do you agree as someone said to me the other day that ride sharing will be b to uber what booksmazon >> yes that's a great analogy think about the payment method for uber i don't usually think about payment. it happens autoically. i think if you extend that to other services, you can see uber being especially internationally.

>> quickly, i want to get your thoughts on this air bnb news, too, since the firm sin vested in air bnb the addition of angela thank you. never say it right fascinating to me, especially with the deeper dive into hotels >> well i think air bnb wants to be more than just hotels i think it wants to be an experience i think there's a lot of things they're going to be. i think the addition of this more member fan tastic for the board, they needy versety around the board. i'm a personal friend of tim who was on the board with me at blue mobile and i think a good thing for the company to grow up obviously they're going to be a big ipo. we have slack. we have air bnb. palin tier there's a lot of high profile tech ipos. >> the financials are going to look a lot better. >> you guys lit it up today. thank you. >> thank you >> and nasdaq look iing for thr in a row we will take you through the tech names to put on your radar next and tomorrow, do not michigan

facebook chief operating officer cheryl sandberg on squawk "squan the street." more "squawk alley" still ahead. stay with us moving is hard.

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intel, which is still barely in the green. chevron, also 3m dow is up to 155 points don't go anywhere. we've got a lot more "squawk alley" straight ahead. >> in the days after trade talks, the u.s. and china showed eers signs of trouble. apple stocks took a dive down more than 2%. trade tensions have been bad for the iphone demand and china wrecking stocks after earnings after tim cook said those tensions were easing and as the optimism e vap wavaporated, so gains, now there's the threat of new threat jpm estimates a 14% potential hit. now another potential outcome, apple might get high price, passing tariff costs to the consumer that could mean fewer iphone sold

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we are unveiling cnbc's seventh annual disrupter 50 list our ranking of the private companies whose innovations are changing the world zwl we're up almost 100% in both volume and membership. >> about half of u.s. doctors recommend us but we have a ways to go zpl this year's number one disrupter has become a leader in the ad tech revolution >> there's a big moment fo indigo, but more importantly, a

big moment for agricultural. >> welcome back. cnbc just unveiling its seventh annual disrupter 50 list and this is the first year more than half the companies are outside silicon valley two are in chicago and that is where we find julia boorstin at uptake, a $2.5 billion ai company hey, julia >> hey, morgan fun fact about chicago, it actually delivers a higher return on investment the start ups here deliver a higher return on investment than any other city in the country according to pitch book. one of those companies is uptick we're here at their offices in downtown chicago this is a xaep that analyzes data from millions of tiny little analytics it mines billions of data for transportation and energy and manufacturing customers, making 4 million predictions an hour. identifying ways processes or machines could fail and flagging fixes. it's custom

its customers, the u.s. army, caterpill caterpillar, royalls-royce. the ceo tell us the it's a huge advantage. >> this is a spectacular place to grow companies in the technology space few as spectacular as chicago. the reason it's about helping industrial companies be better and we're in the center of american industry. the midwest, we're right here in chicago. >> now as for the china trade war, he says that the pressure that trade war puts on his customers actually gives them an advantage and helping those companies many of which are baseded here in the u.s. better take advantage of their data >> what this trade war means for our customers is the need to be as excellent as possible as productive with the current assets immediately productive as they can be and immediate productivity gains are going to

come by harn eszing data >> now it's really been a stalwart of the tech scene this is his ninth company. we've been talking to the other chicago company. lanza tech they transform pollution into valuable fuel. that will be coming up on "power lunch. guys, back to you. >> really fascinating business models and of course julia, always love talking about tech when it comes to industrial applications thank you for bringing us that story. and be sure to tune in for more disrupter 50 coverage this afternoon on the exchange. the ceo of number 19, gingg ginggo bioworks will sit down with kelly at 1:00 p.m. eastern. >> european markets set to close. >> hey, jon, a midday turn around for stocks in europe. the stock 600 indexing a six-day high, but tensions still in big focus for european investors,

the trump administration's latest move to huawei could pave the way for european rivals to capture a bigger share ericson and nokia both rallying today. analysts note smaller asian markets could suffer if they turn their attention toward the u.s. and other european economies to fill the void left by huawei. amid continued trade tension, renewed pressure on european luxury names that are exposed to china. burberry reporting earnings today, flat sales and says it expegts similar weaknesses in the coming months. the brand seeing now sales in china in contrast to other names carrying all robust demand in china in recents big news with nestle to sell its skin, health and business to private equity firms that stock hitting a freesh

all-time high in europe. the deal values the business at more than $10 billion, which would make it one of the largest pe deals in europe over the past decade you should note m and a in europe has been lackluster in 2019 morgan, back to you. >> thank you over to sue now for a news update >> sue good morning, everyone here's what's happening at this hour ten people have been charged in connection with malicious software attacks that infected tens of thousands of computers and caused more than 100 mill$10 million in financial losses in the u.s. and europe. prz prosecutors identified 41,000 victims >> today marks a new milestone in the ongoing fight against transnational organized to annon unprecedented international effort which has dismantled the malware criminal net work. rescuers pulled 11 people out alive from a collapsed building in china's financial republic of shanghai today

about the same number are still ploo believed to be trapped in the rubble the building was being renovated. jimmy carter was released from the hospital after undergoing surgery from a broken hip. in addition, cart er felt faint on wednesday and was admitted for observation and testing. fortunately, she left the hospital with her husband. we wish them all the best. the news update this hour. back downtown to "squawk alley." coming up tomorrow, don't miss sheryl sandberg in the meantime, best day as we said for the s&p since the middle of marichch although some read defensive we're back in a minute ♪ feel that? that's the beat of global markets, the rhythm of the world. but to us, 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.

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♪ ♪ ♪ ♪ welcome back shares of walmart are are high er after posting earnings above street forecasts courtney reagan spoke with the cfo earlier and joins us now with that conversation as the county fights with amazon. >> hi, morgan. i think the underlying theme of walmart's quarter is an integration with stores in the e commerce legacy and start up arm and getting shoppers to use them both walmart said that those that shop online and in store do spend more while the physical stores still

do around 95%, e commerce growing, up 37% this quarter and offline contributes to comparable sales growth. that's the key metric we follow closely. it was up 3.4% from the quarter positive for 18 straight quarters now the big next day free shipping strategy that began this week in phoenix and las vegas and then southern california does beat amazon to next day for prime members and walmart says because one day shipping was the goal all along, the cost to do it has been part of the investment in the supply chain. it wasn't one big investment but amazon did tell us this quarter alone and invest in one and a half billion to help get there. amazon has prime now for free two-hour delivery in 50 cities but some analysts are starting to wonder if u.s. prime

membership are saturated a spoke to walmart's cfo who said the loop is working part of what we saw from the results and the push into more homes and apparel brands are helping to lift the online margins. but we know the significant markets to the cost of the investment operating in total is down more than 4%. though it was way down largely by the flip part ak wii sacquis india. jon. >> thanks. that's happening in a battle of the giants now to the littler guys, the debuts for companies like lyft and uber front and stare. while beyond meat is trade iingp over 250% since its ipo. more than in 2019, all hoping to be more of a beyond meat to resume probably than uber or a

lyft jason, you say the ipo market is really hot right now there's some kind of bifurcation happening between uber and lyft then these other name, zoom, pinterest, that have done quite well so what's the difference >> so, there's been a differentiation between some of the biggest names ipos versus the rest of the market if you go fwr a lyft ipo and exclude uber, the average first day return is 30% and on average, it's higher in the second market from the first day close. so once we kind of strip away the biggest names, the ipo market is showing signs of being hot. some of the difference between it someone with lyft and uber, very high profile there was concerns about the valuations and profitableties

companies. i think that's got to manifest in some uncertainty. but for the other companies, they didn't get quite the hype leading into the ipo, but i think it's helped them to perform in the aftermarket and subsequent to the ipo. >> what's the lessons? ipo window still wide open tread cautiously or no >> i think it's wide open in a sense that portfolio managers are craving new names. they're not in their benchmark it shows like they have a unique business profile or capture some trend. beyond meat, seems like an old fashioned scythe geist ipo you can kind of catch lightning in the bottle with this company with b public appeal that isn't representative of much to me the rest of the general tech ipos outside of uber and lyft are you know, we have a software based platform type company. a hot area of the economy. the market and we're looking to

raise capital for it and we're going to take care of that capital well the cap they're putting in today is going to generate a return and we can see the end, we can see the number down the road and users where property scales and we can make a return on that >> jason, you say that by the fourth quarter, current firms will have to start showing a path at least to rapid sales growth what's magic about q4? >> some companies, those reported at least probably two quarters of earnings so it demonstrates that the business levels they have can can generate earnings not just higher revenue, but if you look historically and we go back to the dot com bubble era of the late 1990s, it was about three or four quarters after the companies went public and investors needed to see proof that the valuations that the prices need to be justified. so theb you get a window f f o

two or three quarters that you can show this is going to materialize. by the fourth quarter, you lock up and expire. this is usually six months where the pre ipo shareholders agree not to sale their shares then you can get venture capitalists. companies have to start to demonstrate and generate earnings otherwise, the stock prices come under further pressure >> jason, in terms of what is in the pipe lib for more ipos this year, what are you most excited about? >> well some of bigger names whether it's air bnb wework they're going to attract a lot of attention what we've seen this far is a differentiation of performance it's given the performance of uber, of lyft, or what i think investors are going to

cross-suit nu scrutinize is business model makes one of the reasons why it's done really well. it's going to be more of a differentiate going forward. where investors are going to crowd into those stocks and look like there's a clear business model they like. others might be more difficulty in terms of the offering a prize with the performance in the aftermarket. >> how big a role are they playing beyond historical? the beyond meat stat is interesting, but i wonder. >> beyond meat, it had done so well with huge sustained pop very low flow. i do think that short sellers are a bigger factor there. they're trying to bet against this huge power move in general, i don't know that it's necessarily a theme that runs across ipos i know leslie has been reporting

that the snohort short intensity in eurouber has been light. not necessarily short sellers in control. it seems to me there were two reasons you might have use d ths little ipo boom as a test of maybe there's something to worry about. one would be every single deal goes to the moon shows a lot of cube raexuberance a lot of risk taking a lot of speculation in the market not seeing that, the other one could be everyone interprets the boom as smart money sell iing to dumb money private investors got the upside and now they're dumping it that's not been the consistent conclusion it's an overhang on how we interpret what's going on with uber it seems like it was about the pacinge ining of the private ins need to get out. you had a certain number of funding. it was just time just being timed is not the reason to own a company that's untested at this point

>> jason, mike, keeping the viewers smart. we appreciate it thank you. >> still ahead, what elon musk told me last night about space x's satellite internet ambitiouses, but first, rick, what are you watching today? >> i'm watching rates. they're a bit bland today. yesterday, they kind of hung low. not much in a bounce today, they're moving a bit higher where's the next big direction for treasury yields? for the break. was a why are you so good at this? had a coach in high school. really helped me up my game. i had a coach. math. ooh. so, why don't traders have coaches? who says they don't? coach mcadoo! you know, at td ameritrade, we offer free access to coaches and a full education curriculum- just to help you improve your skills. boom! mad skills. education to take your trading to the next level. only with td ameritrade.

here's what's coming up. our investment committee all u over the comeback for stocks as the run continues, so have we turned a key corner for your money? plus, the new fight with china sending several big name stocks lower. we'll tell you what to watch out for and a big upgrade for a stock in a battleground sector made our call of the day it's all up and noon carl, we're about 15 away and we'll see you then >> scott, we continue to watch some pretty important levels here on the dow and s&p. the nasdaq in terms of going positive for the week. you want 25.942, about two points away, we're essentially there. s&p's done it at 28.81 breaking even let's get to rick and get the santelli exchange. rick >> you know as i look up at the board, interest rate's more buoyant today. i like to look at a variety of technicals and try to press them against the fundamental knowledge we get with the data points you want to look at every

morning. this morpg, we had some data points, initial jobless claims philly, fed, and try to create a story of the marks that, wos where everything sort of meshes. one of my favorite tools is the elliot wave. believe me, it is complicateded, subjective the general macro notions that are important to be in your tool box. unlike the fed, if you're a technician, you have a tool box that's loaded with tools i think the fed has a real dearth of tools. moving average, oscillators, trend lines, channel, different types of tops. triangle, wedges, but it's interesting. so t stands for trend. this is right because if the trend direction is down, it's embarrassed, but notice we have we've one, two, three, four, five if you're a major trend and five waves is up, one, two, three,

four, five, obviously in black, then you have your countertrend. now if it were impulse there were three waves one, two, three. if you're three waves down, you're most likely in the countertrend if it's three up, you're going down this, up that that's why it's black and red. now let's get to the real world. this is ten-year notes starting in january 15 ending today. probably the most important point i say this almost with every child suppoart. everything that starts on the second bottom in july 16 at 135 is good. because this is really fresh this is a double bottom that will last most likely for the ages by the way, yields are the minus ninish right now when we were at 135 in july of 2016, boom deals were at minus 19 basis points. we're at 240 they're at minus nine. so wave count. starting from that low, it's pretty easy. one, two, three, four.

now, one, two, three, four here's the thing we expect this that's why i've always thought we had higher rates, but it's never that easy, is it because we have a sub wave pattern from the double top at 324. one, two, three, four and we're doing a bit of five. now here's the key if this fifth wave starts to trade too much closer to 2%, it's going to negate the big pattern. if not, it could be picture perfect. this ends at five waves, this big pattern begins that would around 225 to 227 on the low yield. >> when we wurn, the ceo of -- joins us here at post nine jeff bezos, richard branson, the billionaire race to space and more stay with us the wifi that set the standard,

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tonight. on a media call i asked musk how he's assessing this business opportunity, tied to the potential -- in terms of its new revenue stream and how it would contribute to the larger spacex strategy longer term. >> we don't think we will be replacing telecos here but maybe we can access about 20% of that, or maybe 5% and this will actually work together well because satellites are really good at providing high connectivity in sparsely populated regions. >> where does he he so things launch revenue $3 billion but the potential for star links to lead up to $30 billion in revenue musk saying that would help

spacex's next star ship, and help saeb a self-sustaining city on mars and base on the moon spa spa spacex has competition in the market amazon is talking about. keep in mind everybody company that has tried to do this has gone bankrupt. musk thinks it will be successful but far from a sure thing. and also spacex has the capital needed he will recall it's done two funding rounds in the past six months or so actually turning some investors away, something musk also talked about on that call ahead of the launch it's been a big week for space we're going to break it down and let's bring in chad anderson from space angels, investment broker focused solely on space

ventures welcome. >> good to be here. >> let's start with this news of space link and the idea of broadband access being launched from satellites in orbit >> it's a big deal it's something that has been talked about a long time and as you mentioned no one successful to date. but the players now are a different caliber and the space economy as a whole is in a much different space. spacex launching their own satellite is a big component of this but i think the most interesting thing that came out of the press conference last night was really learning that he had the funding for this and that his motivations are really to generate revenues to fund his starship and his plans to get to mars. >> amazon has basically confirmed that it, too, would be looking to make these types of investments and potentially build and launch its own satellite for broadband access as well. in terms of the all of the

potential players in this space, is there room for everybody? >> absolutely. they're targeting a different customer base essentially and taking a much different approach amazon's approach, you can really see how amazon as an e-commerce is really interesting to bringing the other 4 billion people online and getting access to them as customers, innovators, that sort of thing where musk is really approaching this as a revenue opportunity. he's not that interested in doing all of this himself. he was mentioning last night working with a strategic telecoto really supplement the plan. >> why is space the linz you have transportation to space and from space, you have communications in space, garbage management in space, environmental monitoring in space. these are actually vastly different areas, different business models all happening to be in space.

why is space the lens investors should use to invest in these businesses instead of what they're doing and what their model is >> i think a mistake a lot of people make when they look at space they see it as an industry, single thing and vertical but it's not. it's very much horizontal. like you said, a lot of the earth's industry is moving out into space the great anally we use is thinking about gps and how gps enabled the modern global economy. it's what enables our financial markets, our international shipments and airline flights. the economy today would not exist at the global scale that it does without gps. and we're starting to see this applies to other areas whether it's earth observation or the other industries you mentioned >> the president talked about funding nasa moves to the moon i see there's a twitter account called nasa moon they've been talking all week how we're going back is the private push emboldening them or are they at a relative disadvantage because of the

private capital? >> there's a lot of interplay there. there's as you mentioned, the vice president challenged nasa to get back to the moon in five years. it's a very ambitious, optimistic goal. >> realistic >> optimistic. >> what about new origin and their lander >> i would say if they're only relying on the existing systems nasa was funding the development of, we would be in trouble but now that they're willing to work with spacex and blue origins and others, it is an optimistic time line >> chad anderson, thank you for joining us here today. >> my pleasure what a morning it's turning out to be. in the markets dow up 284. we see short covering, trying to get a little offer expirations

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you don't chase the pace of tomorrow. you set it. nasdaq. rewrite tomorrow. all right, dow up 280. obviously about 20 points from going positive for the week, make that 12 points or so. busy night tonight with nvidia.

>> and we didn't mention cisco enterprise stronger than expected that stock up close to 7%. >> and the dow poised to go to positive end the week. what a topsy-turvy week it's been i know we have one more day. let's see what happens. >> let's get to the judge. karl, thanks scott wapner is the great comeback the sign that the worst of the tariff tantrum is now behind us again it's 12:00 noon. this is "the halftime report." >> on facebook, amazon, netflix and alphabet, are they right for you? plus chipped, the semi conductor companies most at risk after the huawei ban and the other big companies that stand to get caught in the middle of a fight between the u.s. and china walmart's big day, and the home builder one firm says is a buy right now.