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welcome to "squawk alley." markets staging a comeback here. we were well into the red, but dow's up 63 points on pace, it was on pace for the fourth straight week of losses, but what a morning between china trade, three big ipos and sheryl sandberg on cnbc just a few minutes ago. ton of news. >> it is a morning of narrative shift. the ipo stuff, what we saw with lyft, with uber. more and more, it seems like a ride hailing issue with ipos others have gone a lot more smoothly even pinterest, it's down after its report last night, the report didn't have huge surprises as bob pisani was saying looks like some profit taking. still up nicely. >> don't forget europe trade, too, with the pause button being hit with potential tariffs on auto imports et cetera >> obviously facebook is a huge story. sheryl sandberg talked to julia boors boorstin about the changes

happening at the company and how they might impact the business >> our bottom line is get iting this right and we are making real changes that have impact. our growth rate is lower we are spending huge amounts of money, billions of dollars, but we believe deeply that doing the right thing for people on our service is the only way to protect our long-term business and it's the right thing to do so the bottom line for us is making sure we get this right. >> elevation partners cofounder early facebook investor is with us author of the new book zucked and mark, happy friday good to have you both. roger, our revenue may slow, we're spending tons of money, we're up 40% and the stock is still up how does this happen >> well, listen. i think you just saw a great example that julia's interview with sheryl was fan tas i gue ,

guessic, but she's an extraordinary communicator i want to remind our viewers is the real issue we're doing is the business model not just of facebook, but also of google and now increasingly amazon and microsoft in this area the reason that there are privacy issues, the reason why there's danger for democracy, issues of public health and competition and innovation is because there is this massive gathering of private data. and the use of it in ways that consumers are just completely unaware and the model that we have to fix. and i really applaud cheryl and especially mark zuckerberg but i want to keep pushing them hard to stop doing these superficial things yes, do have some cost of growth and profitability, and get focused on changesiing the busis model in ways that are going to

make the progress we need to see. >> mark, my take is that facebook has contained the risk that we saw and the 42% move in the stock speaks to that it's in sheryl sandberg's interest to say look at all the pain we're taking, but i don't know how much pain it really is. >> i think you've got to look at the results and so much listen to what cheryl's saying. the management at facebook has done a tremendous job at talking down expectations. not trying to get things too far ahead of them. but look at the financial results. last quarter, over 30% on an fx neutral basis. when we started so see expense growth slow dramatically, which had been the issue for the past year, year and a half, you know, but cap ex and op ex a lot of this is just trying to hold back expectations a bit, but i'd like to hear roger is talking about this management team now starting to work with others, take proactive steps

i feel a little bit of glimmer of optimism from roger on facebook that i hasn't heard in the past that makes me also feel better, too. >> is that fair, roger >> i think if you watch what i do, i've always been encourage ing the team to do the right thing. it really stands in stark contrast the to google, which is still try iing to pretend they'e not involved in any of this, which is laughable google does surveillance to a degree that very few people are aware of how deeply involved in our lives google is. and the kind of data that they get. one of the other points made was relative to china. i think it was a piece of misdirection because again, competing with china means competing in behavioral manipulation and i just don't think that's a good thing for american company to be doing. i think it's candidly we should be out of it what i want us to do, both for our government and for the

people that work here is remember that internet platforms are today where the chemical industry was in 1950 when they are pouring by-products like mercury, chromium, into fresh water. we have the digital equivalent off of toxic oil spills where these external costs these companies are creating and that when we get around to it and force them to pay those costs, they're going to be a lot less profit bable than they are now. but that won't make them unattractive businesses. just more responsible and appropriate players in our economy and that's what i hope mark and cheryl will drive the company so >> to extend that analog, eventually, those companies that ended up putting tox s in the h river had to go back, clean it up, play for the clean up. you're arguing that day of reckoning will come? is it now farther away than we thought? >> no, actually, i would argue

it's actually coming much closer i think what facebook is doing is being really smart. which is they're try iing to engage as mark said in framing the conversation so they have some influence on what the final outcome will be. remember the alternative, if google's way of doing this, nothing to see persists, you wind up with the st. louis sri lanka model, where if somebody goes wrong, you have to shut down the platform i think facebook is trying say wait a minute, we'll give you this, that, let's try to find common ground. i don't think facebook's going near ly far enough, but i think they're in the conversation and from here, we can have a negotiation zpl if you missed sandberg on the air, here's what she told julia boorstin. >> while people are concerned with the size and power of tech companies, also a concern in the

united states about the size and power of chinese tech companies. and the you know, realization that those companies are not going to be probroken up so the question is how do we make sure we protect privacy work with authorities to safeguard elections. how do we make sure the right content is on facebook and how do we make sure that the right regulatory framework is in place and we're working hard on all of that >> is that a way investors should be looking at this? the idea of u.s. versus china big tech or is that a diversion? >> i think the analogy she use ed is probably the wrong one no i don't think investors should be looking at it that way. but i do think it does serve facebook well to kind of the two countries against one another, but they're obviously looking for regulators to work with facebook, to back their position and think of it in that context. it's certainly the topic or the way people are, the lens that regulators are are look iing ati today and it b probably is the

right context for them to use when talking to d.c., but not to wall street. >> roger, is there any way that you can see that separating say facebook and what'sapp puts the united states at a disadvantage versus china and chinese companies? >> well, listen. i think if you'r goal is to compete in behavioral manipulation, then breaking them up is a problem. but in my mind, that's fundamentally un-american. i think america is all about freedom of choice. liber liberty. google in particular, which is the biggest player in behavior manipulation is you know, they're really competing against china. and i just don't think that's appropriate. i'd like to say ai and all these technologies applied to you know, empowering citizens as opposed to manipulating them so i just think the whole conversation's wrong just as i think this whole conversation of facebook's way of addressing election security

with ai and moderators after the fact i mean that's just never going to work. you have to get rid of the hate speech and the disinformation before it gets into the system you can't amplify, you can't have the algorithms amplifying that stuff disproportionately. >> a lot more we'll be getting to on that topic, but guys, we're getting ipos a drdrs on the nasdaq just open up 47%. priced at 17 raise iing about $570 million i then i hear at post five, i think we're getting an open on advantour which looks to open lower. pint rerest down about 10% after the loss first quarter as a public company shares up since the debut even after the mess that lyft and uber have been i argued this morning that street was not overry abuell

abuelliant >> we knew largely what the quarter was going to be. they published flash numbers for q1 growth was phenomenal. they came in better on the lost side of ebitda they lowered their loss guidance for the year the ipo, one of the ipos recently, the pushback has been on the losses and how far out we might have to live with losses with pint ris rest, the losses are coming in better than expected and for them, we're expecting them to break even next year, so you don't have to wait long to see this company starting to break even and make money. the business seems to be doing well we saw the stock trade up 16% heading into the print a lot of traders piling in last minute and that was one of the issues >> so move down 10% today is probably more tied to valuation right now than anything else >> i think technically, what it was is a lot of hedge funds and traders piling into the stock, hoping that the international side of their business might start to ramp better than

expected earlier on. and i think that they're very early in that process. it's going to take you know a year or two for really the international business to contribute in a meaningful way i think you u had some uber bullish investors buying in around the international ramp and they have to wait a few more quarters >> it seems like an oversimplification to just say investors don't like losses. we've seen losses in some of these companies. fastly, pinterest, et cetera, so is there a kind of loss? what's the kind? >> there's a difference. so some of the companies which i'm restricted on that had big losses are in new industries that there's not really a template out there for investors to think through what the margin profile is of some of those companies that i can't mention pintere pinterest, facebook, twitter, snap, et cetera, we've been able to see how these companies have

evolved their businesses and ultimately, what their margins look like at scale so i think that's the difference is investors have a framework to work with. with pinterest that gives them more confidence in what the road map to profitability looks like where by they might not for some of the other companies that are paving new ground here yeah, all three companies roger that went public today are still unprofitable but fastly is up 45% advantour is up 5.5% luckin is up 50% what do you think u about it >> i want to come to mark's aid here his framing is right to john's point, i'm not restricted on any of these stocks i think we can say the burden of proof is on uber and lyft to demonstrate ride sharing with two large well funded players is a business that has a profitable future in it and you know, i think there will be at some level, i just don't

know what valuation level is that you're going to want to place on it when that happens. where as with pinterest, it's clear ly of a, a type of stock that we've seen and i think the more things look like past experience, the more comfortable people will be, duh. but i think wea've got this thing, we're bringing a lot of supply to market and it's not the same going to be a lot of differentiation and there should be a lot of differentiation. if there weren't, i think that would be a very disturbing sign. so i think the fact that inv investors are showing discipline is a president obaositive thing. >> roger, how do you explain lyft and uber? is it with a ride sharing lens losses at scale in something about hmodel complexity why are those two put in their own basket >> carl, you know, i was lucky enough to be with you guys on the day of the uber ipo and it just, it to me, if it weren't were lyft, uber would be a lot

easier story to explain, but the fact both companies are really well financed and that there is extreme price sensitivity and the model has been based on transferring wealth from investors to the people who use the service, you know, that has got to scare the public or at least it should scare public investors. v eventually, the two companies are going to merge it's going to be sere areas and xm, but until that day, it's going to be a struggle for either company to exhibit steady progress the type of things investors like and expect to see from public companies >> if that ever happens, we're playing that tape. because you're way ahead on that call >> oh, yeah. >> if it comes true. guys, thanks mark may roger, by the way, ben s ir silbermann tonight with cramer and when we return, it has been one week since uber went public.

two companies, three, really, following suit here at the big board this morning opening in the green fastly there up 48%. avantor up four and a fraction we will talk to the ceos, plus ledge tear tech journalist joins us with his thoughts on facebook and their road ahead resqwkll" tethis our yard, but so are they. it kprevents crabgrass and feeds so grass can thrive, guaranteed. our backyard is back. this is a scotts yard.

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major averages are trader higher with the dow up 54 points after being down more than 200 in the session both the s&p and nasdaq 100. also the nasdaq composite are now poised to be higher to end the week and wt haa volatile week it's been more "squawk alley" straight ahead. sfx: [phone ringing] you still have service? call the insurance company it's them, calling us. it's going to be a week before they can get through on these roads shhh, sorry, i didn't catch that. i said ask how soon they can be here not you. right now? what's now? he says they're surveying our property now they're probably at the wrong house i don't see any hovering his name is hovering? look up? by using machine learning and analytics to automate claims, cognizant is helping insurance companies advance how they serve even the hardest-to-reach customers.

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fastly surging the 8-year-old company improves content an security. one of the few cloud play edge offerings. customers include air bnb, ticketmaster "new york times," alaska airlines joining us now, the founder and ceo. mar archer, great to have you edge cloud is something we haven't talked about a lot, but

basically outside of the major data centers, aws and google and microsoft azure has there's this recent push over the laes couple of years to put smaller data centers closer to the end user so we're going to receive the content so it that works faster. more nimble. you are part of that movement. explain how growth is going to happen for you as the edge grows? >> absolutely. as customers are o-- which for m is they're trying to meet their customers, their users in the way their users want to be interacted with. they're rearchitecting the entire online experience part of that is move tog a central provider part is moving some of the logic, the compute, to the edge cloud so that any interaction that's related to you happens really close to you.

which just makes it fast, reliable and secure. >> wu but what coyou do as some of these megascale providers like amazon, like microsoft start to roll out more services that compete with you because amazon's got a couple. you work on these, but it seems they're try iing to outmaneuver you. are you more the multicloud play for companies who want to use multiple clouds? how do you keep a company that's just dealing with aws. i want to take amazon so edge exclusion and not fastly two of the major cloud provider rs partners of ours. as customers are migrating to the cloud and do a multicloud strategy, the prediction is by 2022, 90% of enterprises will

have a multicloud strategy they need a replacement for their old edge inside r data center and enforce security, compliance if you go in one cloud provider's solution, you're really locked in to that provider so we're kind of a neutral third party in that ecosystem. >> talk to me about the past week since uber went public i imagine there might have been some chopiness in the waters did the sorts of questions you got change over the last four, five days or was that seen as kind of an edge case to bring that edge word back into ilt it? >> i think it's an edge case i got one question where they said, you're not a ride sharing company, right that's the only other question i got for this period. >> so as you rook at the market now, particularly when it comes to the partners you've been working with they got a new ceo from oracle

do you see all three of those major players, amazon, microsoft, google, wobeing on equal footing or is google still far behind >> it's hard for me to have a strong opinion on that because i'm not a customer of theirs in any sense with the cloud service. >> but you work with them. >> we're very excite d about th path google is taking and investments they're doing around data intelligence, machine learning, we have some key partnerships and sharing allowing our customers to use us with some of those tools it's really exciting to see that getting more of push >> it seems like it's not as much of an impact on companies that aren't selling hardware, but you have global customer based. people trying to deliver content. any impact. >> we have not seen any impact ceo of fast ly let's' how far is that stock up.

rilt behind you. 48.5% so far >> thank you so much the european markets closing >> stocks in new york snap ipina three h day winning streak, but we're still higher on the week despite six month delays european automakers and suppliers under pressure as the european r car sales declined for the eight straight month in april. in fact, italy and spain leading, both seen drops of 5% let's pivot to the currency spachlts specifically the british pound. the currency is headed for its worst week, mount over mrs. may's succession he said his party will oppose may's latest proposal. since trade tensions ratcheted up u in may, the u.k. stock market is not only performing european averages, but also the s&p 500 down about a third of a

percent. shares european food delivery firms under pressure on news that amazon is investing $575 million in british start up delivery the company has now raised $1.5 billion to date. finally next week, as the kickoff to the european parliament, it means we're one step closer to figuring out who will succeed mario draghi. no decision expected until june or july. back to you. >> what week been. thank you. now to sue for a news update >> here's what's happening at this hour. as seema mentioned, president trump delaying any decision to impose awe tor tariffs on car and auto part imports. he announced the decision in a proclamation issued by the white house. iranian foreign minister holding talks with his chinese counterpart in beijing

telling him that china resolutely opposed the unilateral sanctions im. >> peter:ed by the u.s a small plane in upgrading a runway this dubai crashed last night killing four and halting traffic for nearly an hour authorities gave no explanation for what caused the crash. dubai international is the world's busiest for international travel and backyard chickens have been linked to a salmonella outbreak that has sickened dozens of people 52 people have fallen ill in 21 states five have been hospitalized. most came in contact with chickens or duckling which were obtain ed from hatcheries you're up to date. back downtown to you guys. carl >> sue, see you in a little while. when we come back, we just heard from facebook cheryl sandburg of course on our air as she talked to julia boorstin. now we'll check in with walt mossberg to get thoughts on the

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julia joins us this morning with more highlights hi again >> hi again, carl. sheryl sandberg telling me ta facebook will do the right thing to fix the company she acknowledged that the company wasn't focused enough on protecting both its platform and its users.

here's what she said when i asked her about former cofounder of b facebook, chris hughes, asking mark zuckerberg of trading security for clicks. take a listen. >> i think we have been taking action i think it is fair to say as we grew facebook, we were focused on growth. we were also focused on privacy and security but i think it wasn't the most important thing we were doing and we should have been doing it at a higher level and if i look b even at my job now, my job has really changed that we, i used to spend more of mf tie working on growth and noy now i'm spending more time safeguarden the company and i think now this is front and center and it wasn't front and center, it's front and center now because there were things that happened that we didn't expect we didn't expect the kind of interference we've gotten in the election we didn't expect that after. now we know better we've learned from what we missed before. we know we need to work hard to prevent the problems that are happening now and we need to

work hard to make sure that the problems we haven't even thought of don't happen. >>. >> with facebowith facebook thi warning advertisers their able toy to target users will be limited by new privacy tools i asked how all the changes they're making are really going to impact the company's growth and their bottom line. >> if people clear their browsing history, we can still target ads because we still have information they've shared on facebook, but it will make those ads less effective but it's people's information and we want it to be used as they want it to be used. a choice they're going to offer. a choice they might make it may harm our revenue growth in the short-term. we have been open about that >> as for the hack of what'sapp, she did not say that it will never happen again >> we've assembled big teams in the company and they're going after these issues we found u that what'sapp vulnerability because we're doing this, wo because we're putting more

engineers on looking for bugs, for vulnerabilities. we found this. we shut it down and here's what you're going to see from us. as we continue to do this work, you're going to see more things. we're going to find them, close them down. >> when i asked sandberg about the numerous calls to break up facebook from investors, from chris hughes, she tried to shift the conversation to the risk from china, pointing to the fact they're also competing with chigiants out of china thand th companies will not be broken up. interesting how she tried to change the conversation from antitrust risk to the idea of a china risk there now she did acknowledge there was need for regulation around issues such as privacy, but she seemed eed to dismiss the needa break up of the company. guys, back to you. >> julia, great job as always. tried to get her off of the talking point and get some candid responses joining us in morning, will mossberg, famously quit b

facebook last december saying quote, i'm doing this because of my own values and the policies and action of facebook have diverged to the point where i'm no longer comfortable there. good to have you back. when cheryl says it's fair to say in the early days, we were focused on growth, i don't think you'd disagree >> no i think that's a gross understatement look, cheryl, i've known her a long time. i thought julia did a great job. but i think cheryl was very elegantly on message and that her job on your air today and other people's air today was to deflect the criticism to say wee really working on this you can't turn around without finding another example of a problem. just this week, we found out there are dozens of fake

accounts impersonating other tech ceos like tim cook and sungar and elon musk this has been going on for years. it's easy to fix and haven't paid any attention to it >> we're getting a headline out of reuters the eu competition commissioner says that a break up of facebook would be a solution of last resort do you actually see anyone legitimately making this happen around the world >> i think that it will be very hard to make it happen it would be beneficial for competition, but require a whole change many the antitrust philosophy that has taken hold in the united states in the last 40 or 50 years and that goes up to the supreme court. so i don't think it's likely to be the first thing people do

i think that folks ignore is that in that chris hughes article which called for the break up, he also called for strong new regulation and that's what i believe in. >> the message from serl sandburg today, how much do you think was geared toward investors and lawlawmakers but s perspective hires. you have one report showing that the company has been struggling to hire talent >> morgan b, i think it's really all those audiences. this was for public facing, reassuring with very little in the way of specifics. i want to pick up on something roger said, which is they need to rethink their business model.

stealing people's privacy in order to sell advertising. i don't think that's on the table tat moment i think there's some product changes on the table, but i don't think that's on the table. until it is, there won't be fundamental change there or at goog >> that lead to a couple of questions i had for you. coyou still use google >> i use it about 80% less than i used use it and i'm trying get it entirely out of my digital diet >> wow >> for similar reasons >> sorry >> for similar reasons why you quit facebook? >> yes, and by the way, just as with facebook, i like the people at google, but i don't like the business model and i don't feel like i want to be part of it so i don't use their search

engine anymore i don't use chrome i don't use g mail i have a g mail account, but it's kind of dormant i don't use it and i'm trying to get away from google maps as much possible though that is harder >> see, i think this is fascinating. t you even say i don't use what'sapp, but if you did, you'd quit it. you're trying to tamp back your google use all of this from the man who revolutionized coverage of personal technology. what should our viewers take away from that >> i think they should use whatever tech makes them comfortable, but i would like them to understand that they shouldn't be comfortable with surveillance technology and that is what facebook is built on and what google is built on. and to some extent, amazon though to a lesser extent and

what i would say if i were write ing my columns is what i said when i was writing my columns. you've got to watch out for companies that are trying to steal your privacy >> people want to know, duds walt stull avoid youtube i think the last i heard is you still watch the occasional clip. >> i do. i do i admit that but i also have to say that for whatever reason, my personal youtube feed has not been infiltrated with the kind of stuff that other people's have been and that might drive me to quit no i've not been able to totally quit youtube and working on all these things, carl >> all right we love checking in with you we'll talk soon. thanks for the time today. zpl thank y. >> thank you >> as we head to break, take a look at shares of pinterest g

getting pinned down right now, falling more than 11% in reaction to the company's first quarterly report since going public don't michigan the keon mad money tonight at 6:00 p.m. eastern. more "squawk alley" after this break. ♪ (vo) i know what you're thinking. electric, it's not for you. and, you're probably right. electric just doesn't have enough range. it will never survive the winter. charging stations? good luck finding one of those. so, maybe an electric car isn't for you after all. or, is it? ♪

here's what's coming up today. new stock josh brown just added

to his portfolio a battleground name all of you now know it well cannot wait to reveal that coming uchl plus, steve weiss busy the fang stock he just bought and the number one retail analyst on wall street, j.p. morga morgan's matt boss is with us. coming up at noon. morgan, see you in about 15. >> we'll see you then. over to cme and rick santelli. hey, rick. >>. >> thank you i'd like to welcome my special guest, professor johntae l tayl, form rer undersecretary, also professor at stanford university and a new book out where he's not an editor, he's a contributor put together by the hoover institution what a list of contributors. currencies capital, central bank balances let's talk about a currency that's the u yan the capital, they're hitting close to 71 to the dollar.

will it breach will there be capital flight out of the central bank? let's weigh in on the dollar versus the u wan in china. >> we've got to worry about these capital flows. that's one of the purposes of the book i think a lot of actions have encouraged this. a lot of flow volatility exchange rate. so one of the purposes of that book is to have transparency it has to do with reforming the scene and we'll continue to do it >> here's the ink many investors have it wou behoove it would behoove to let it move through u seven but the issue is also confidence in the currency and as you said, capital flight so i guess in the final analysis, how do investors differentiate a manipulation to help exports versus the

fundamental where they need to meet with issues as fallout to the weakening global economy >> it's hard to distinguish. that's why it's so important for central banks to get out of the impressi impression whatever it happens to be and to be clear about what they're doing. china stabilized their economy keep growthgoing, i think the fed has been moving in a more transparent direction. i think it encourages other banks and to some extent, the pboc as well it is confusing about what their goals are. they've got to be explicit b about their goals, which is keep the economy steady, keep inflation low. that woushould be the goal of t feds >> mow the other huge issue which is kind of related is will china, the biggest holder of u.s. treasuries, although their positions have moderated since mid 2017, will they sell treasuries to help the cause with regard to negotiations? one thing i'd like to point out if you were going to do that,

you may be sell iing treasuriest perk up your currencies. they have two issues that kind of dove tail would that enhance them in selling treasuries to support their currency >> they should let off using their large portfolios at this point. it doesn't have enough transparency, but they should stay away from that. right now, there's an important reason to have more stability, certain certainty. there's a lot about what's happening on the trade side. i don't think the financial institutions need to add to that central banks need to add to that so i would steer away from that kind of a threat at this point completely >> thank you, john we're going to have to run u we're out of time. but thank you for your thoughts and we'd like to bring you because as more tariff information develops jon fortt, back to you >> thanks, rick. and when we come back, it is the second biggest ipo of the year

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the wifi that set just raised the bar again. introducing xfinity xfi advantage. it comes with everything you love about xfi. the best speed, coverage and control. but it doesn't stop there, you also get enhanced network security, safer browsing, and more. plus it helps to optimize your network's performance. giving you the best coverage from attic to basement. so you can focus on streaming your favorites. not finding a signal. make the best wifi even better,with xfi advantage. simple, easy, awesome. welcome back to "squawk alley. it has been a busy day again for the ipo market chemical maker avantor just opened it is currently trading up about 2.5% right now and joining us here at post nine is ceo, michael stubblefield thanks for joining us. congratulations on going public. >> thank you for having us we're thrilled to be here today. >> let's talk a little bit about the company.

sa sales surged last year versus the year prior, but still losing some money even though the losses are narrowing what is that path to profitability? >> we have a great business model here at avantor. we're well positioned in many critical areas of our customer base, well positioned with a global footprint, investing in lots of new technologies and this ipo really positions us well with a balance sheet to continue to invest in innovation as well as grow our capabilities through m&a. so we're on a significant uptick >> and you're also using some of the rates here to pay down debt as well, right >> our balance sheet will come out of this significantly improved there was significant demand on the road show here, allowed us to upsize the deal, making it the largest health care ipo in history in the u.s. and that, you know, really positions us well, as we move into the rest of the year here >> so now you're making materials and key supplies for biotech companies and medical device makers. you're also focused on

semiconductor space, as well across the world, i guess what has been -- what has demand been like for your materials? and has the trade tension that we're seeing between the u.s. and china played a role? >> so we have a really unique model in that we're producing customized materials that get specified into our customer's most critical applications whether that be a biotech drug, as you suggest, a medical device, we play in other areas as well, like aerospace and defense. these are really strong growth platforms, we're well positioned and when we think about what's going on in the global market today, you know, it hasn't really had much of an impact for us, china is a huge opportunity for us we're really encouraged by the momentum in areas like celgene therapy and we're actively investing to help solve some of the problems to get those technologies into patients' lives around the world >> are there raw material costs that you're most keyed to?

>> no, our model isn't particularly sensitive to the raw material cost inputs, you know, generally. >> michael stubblefield, thanks for joining us here today. >> thank you >> on the day that avantor goes public stock's up almost 3% right now >> a great day for avantor >> a great day for ipos in general. >> as "game of thrones" comes to an end, we have a look at it have massive market for betting on how it's all going to wrap up the dow is hanging on to 25 points every day, visionaries are creating the future.

so, every day, we put our latest technology and unrivaled network to work. the united states postal service makes more e-commerce deliveries to homes than anyone else in the country.

welcome back "game of thrones" coming to an end this sunday with fans eagerly awaiting to see who will asce ascend our michelle caruso-cabrera is in the meadowlands at the fan dual sports book with a look at how people are betting on the finale >> look, online gambling says this is the most successful tv offering they've ever had. in fact, they say they're getting as much traffic on "game of thrones" bets as a mid-week college basketball game between two unranked teams so a lot of handle there but in fact, they say this last week, of all the bets that were made on "game of thrones," 17%

came from new accounts and that's why they're excited to offer this they're hoping to attract new customer base into the online gambling site. all right, let's talk about the odds now a lot of these sites have brand stark as the odds-on favorite, say minus 450. but as a fan and a longtime watcher, i would have thought it was daenerys tar garon or jon snow or you can make a bet it's jon and daenerys' baby show my face right now there is no baby or is there? maybe these bookies know something, guys, that we don't know i mean, will jon kill daenerys you can bet on that? will tyrion lannister survive this episode who knows? you can put money on it. just not here. you've got to go overseas. it's not legal in the united states offshore betting >> i wonder what the bookies will do to you if you don't pay up on your "game of thrones"

bet? >> dragons dragon fire. that's exactly what comes for you if you don't pay up on your bets >> i love that the odds are so strong -- or not strong, i guess, for bran, because all the spoilers are suggesting that he is going to be the person who actually takes the throne here >> you're not going to believe this i'm expecting it to be aria. >> if we could have made a bet on me the most opportune time. i have no idea what you're saying i'm betting it's something really good about who you think is going to win. >> well, i saw market watch had a study that 10 million people may call in late for work or miswork on monday, because of the series finale on sunday night. so if i'm not here monday, you know what happened >> spoiler alert for "squawk alley" >> we're going to struggle to hang on to the gains that we got in the middle of the section here obviously, we're paying attention to a number of different names. pinterest, which had a rough overnight, but managed to repair some of the damage in the last few hours.

and then luckin and fastly are on pace for one of the top 15 debuts of the year >> they are doing well so far. we will see how they close >> what's not doing well is deere after earnings, down 6%. >> what a week we'll do it again on monday. let's get to the judge and the half >> carl, thanks. i'm scott wapner this is the "halftime report." it was the most anticipated ipo in years uber hitting the market a week ago today, sinking from the outset, raising all sorts of questions about the future of its business valuations in silicon valley and more but today, one of our own has said enough is enough and is buying that stock. and that person is josh brown. >> hi, america >> you bought uber >> i did, but it's a trade it's not yet an investment pim tell you what i was thinking i wanted to let things settle down a little bit. this is basically a stock that has not moved in price in almost three years. it's bee