good monday morning. welcome to "squawk alley." i am carl quintanilla with morgan brennan at post nine of the new york stock exchange. the world's largest 24 hour shopping event, alibaba singles day coming to a close. >> reporter: that's right, carl, just closing out at a figure of 268.4, mark the record from last year 31.8 that number is ticking up, more and more chinese consumers continue to purchase things via alibaba sites. a lot of it driven through imported goods, showing a lot of love for american brands as well the u.s. one of the top countries where chinese are

buying from the site apple amongst some of the top items. you're also seeing a little bit of strength from some smaller cities, beyond beijing and shanghai, showing a little strength as well a slight indication along with some positive earning reports over the couple of quarters toward strength of the chinese consumer that's looking robust, despite concerns about economic slowdown i will point out the figure they posted is a significantly slower growth rate than last year's singles day, year on year. that perhaps speaks to the fact this is a singles day that's maturing alibaba facing increased competition in china overall, strong singles day showing from alibaba they would be happy with what they've seen today for now, back to you >> working late for us thanks for bringing us the latest we'll stick with baba.

good morning to you. zack, i will start with you. record numbers for singles day alibaba shares are down 2% why? >> hey, morgan, thanks for having me on i don't know if they're down because of singles day numbers we think the numbers were robust actually i did the back of the naeenveloe math, 20% year over year versus 27% last year for singles day. i think numbers came into the mid to high point of expectations, morgan >> joel, how do you see it we are seeing slight deceleration of growth versus last year. is that a reason to be worried or is the pressure in shares if that's the reason they're selling overdone >> no, i think deceleration was expected most expectations were 20 to 22% growth year over year. it is below. saw 27% the prior year, 39 in

2017, but it is impressive numbers. i think they exceeded the low bar. i think more of the selling pressure is due to shanghai composite fell 180 basis points overnight. more unrest in hong kong is potentially throwing mud in the water for the hong kong listing. overall, i think the numbers are fine, it is just a terrible day, given the geopolitical tensions that have risen up again over the weekend. >> yeah, zachary given this record, you have to wonder what the number could have been had there not been ongoing trade war or so much disruption in hong kong. >> yeah, definitely. i think this sort of speaks to the testament still of baba's investments the past couple years to really capitalize on the growing middle class in china. they've sort of invested to focus on the middle class in case this trade war is continued and we think they've done a great job of it.

>> can we use this as a macro indicator or is it too specific. one day obviously the benefit of the global awareness buildup, is this really a statement about the consumer >> i don't know if it is a statement about the consumer as much as the -- really the strength of alibaba, the specific technology investments that they've made, the fact the platform is still growing rebustly in china, i think it is more a testament to how good baba's done. i think 50% of retail growth was through alibaba. it is really a testament to baba becoming a larger portion along with pierce with pinduo and others in their growing middle class. >> joel, just to dig into that a little more, he mentioned that there's growing competition. is baba still the best game in

down from investor standpoint or are other names worth a look as well >> it is still the 800 pound gorilla in the room, there's competition. 70% of new accounts for alibaba came from smaller cities, that's clearly a focus for growth moving forward then you'll see them continue to expand outside china as well in southeast asia, investing massively to logistics they launched, unveiled a cloud operating system to help with all of the single day orders as well they're a be hooemeth on so many levels it is the company to beat. if you strip away the trade war and recent political unrest in hong kong, shares of alibaba are well north of 200. but until then, it kind of probably lingers in a tight

range, 175 to 190, then hopefully the clouds clear and get liftoff on the stock. >> zachary, you're around 240 on the target thinking back to the ipo day, few times we had jack ma onset, we talked about the degree they would invest here, take business from domestic companies. how much of that changed given how different u.s./china relations are today from then? >> great point, carl i think it has changed look, they still have global ambitions. make north america somewhat tempered versus when they first went public. other parts of the world are still very much in alibaba's wheel house, and they position themselves well for that as well as domestic consumption, growing middle class >> joel, just to expand on that a little bit, alibaba reportedly

eyeing $15 billion hong kong listing. what does that mean for the company strategy moving forward and how it is thinking about that reach in china and beyond >> i mean, i think really it started getting motion earlier this year. it was talked about prior as well, but i think it is a way to mitigate impact of a trade war, kind of help them raise capital in other regions, boost infrastructure locally i think it is a move more to mitigate the negative fallout of a prolonged trade war, and how they can tap other kind of capital markets around the globe without being negatively impacted by trump administration policy i think it makes a lot of sense. >> joel, go ahead. >> no, that's it >> joel, how are you thinking about u.s. tech stocks versus chinese more broadly >> yeah, it has been an interesting year for tech. the semis have benefitted from

the pro-cyclical rotation. the group bottomed several quarters ago looking for performance in the semi economic space, regardless where you think we are in the semi cycle, with china investing in their own silicon industry, i think the semi equipment manufacturers are arms dealers for the 5g dominance that's where i'm looking as far as tech goes, who are the names that benefit through 2020. i see numbers higher for semi equipment group sem mimply from that the race between u.s. and china won't slow down anytime soon. >> talk about the tip of the speer for cap ex intentions. journal has a piece today about tourists going to china and being confused by what's essentially a cashless society if you don't have some of the apps on the phone and are not from there, don't have a china

bank account, it is hard to get around i wonder if we have seen mor vis-a-vis amazon >> yeah. thanks, carl i'll pass on the amazon question because mark mahaney, my colleague is lead analyst there. what you talked about in terms of cashless society, when i was there at investor day, i had to in order to use ali pay, i had to sign up using my passport, they wanted my phone number and facial recognition this is essentially an on board ramp to allow improve know your consumer to a strong degree, probably more than the u.s i think it is an interesting setup that china is doing as a whole. it is something to watch i think the u.s. should take notice for sure.

>> yeah. there are positives and negatives to all that for sure. >> sure is zack and joel, thanks for joining us as singles day comes to a close. >> have a good one. we want to pause before the break as the new york stock exchange is set to unveil plaques on the trading floor in honor of veteran's day "taps" is set to begin in a moment ♪ ♪

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welcome back to "squawk alley. a warning sign for investors and retailers ahead of the holidays. contessa brewer has more on that back at hq contessa >> hi there. a new survey conducted by survey monkey finds a majority of those that responded say a recession is likely next year. the warning side ahead for the holidays, 45% of those that think a recession is coming are cutting back on household spending more than a third of all survey respondents, about 43% of women, say they'll spend less this

holiday season than last year. retailers tend to pay close attention to what women say, since they're the primary household spending deciders. they make most of those decisions. the survey also reveals how cost sensitive american consumers are feeling now. a majority of americans, 65%, say they've noticed a recent increase in the cost of everyday items they buy, this excludes gas. they mention food, groceries in general, specific products include beef, fruit, milk, most commonlily cited items that increased in price and really, the big take away from me, guys, it depends on what political party you affiliate with what your outlook is for the next year and how much you're cutting back those that are republicans feel better about the economy, those that are democrat and independents feel more nervous carl >> that's surprising numbers, contessa thank you for that for more, go to cnbc.com/invest

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grammy award winning wrapper announcing is going to find and invest in a minority startup the group will run a contest until early december joining us to talk about that, get his take on the private market great to have you back welcome. >> thank you for having me, man. >> this is a very big deal talk about who's potentially in

the running to win an award like this >> i guess we'll see we're holding a pitch competition. $100,000 pitch competition, investing in a minority or woman with a startup we believe the demographics of companies are underrepresented, want to bring more awareness we partner with e 40, legendary hip-hop artist and hopefully we'll find a really great company >> how did the idea to create the pitch competition come to be >> i've done a few in the past did a $10,000 one, $25,000 one, and we'll use convo app as the platform to allow them to pitch. easier to see people face to face this time i wanted to go bigger. i feel there's a lack of awareness for companies like this silicon valley, there's always a lot of people investing in companies that don't normally

look like me i came from a big tech summit in oakland, after row tech. there were entrepreneurs and investors and engineers. people say they can't find african-american startups to invest in, it sounds crazy to me trying to do what we can to create more awareness. >> i think this is interesting, the ways in which we try to reassure entrepreneurs there are avenues to get financing we talked about jamie dimon on 60 minutes doing so much for city of detroit. what would you tell a young founder in terms of getting access to avenues of capital >> relationships have a lot to do with it but i believe information and relationships are two things that separates the people in silicon valley and people that have access to the information and people in my community i am trying to do what i can to get more information out there i believe all of us in the investment community have the responsibility to do this, especially in the minority and women world because these

companies are underfunded. but it is the opportunity for innovation that can happen people solving new, unique problems the only thing in the way is capital. >> in terms of innovation, what are the types of startups and businesses you're interested in seeing and funding >> well, recently i saw a platform called balance which is like a linkedin for african-american professionals, and i know the founder who was a brilliant person, and platforms like that are needed because when i go into the tech space, i'm looking and trying to find diverse candidates i believe it works like this you have lp base of majority of white males that invest in venture capital firms. then those firms are white males that invest in white males that look like them then those white males hire their friends in their network, then you have recruiters in the business of filling spaces, and when they fill the spaces,

they're filling them with a lot of white males somebody like me comes along, says i need diverse candidates at one point i was getting 30 candidates a month then when i said i only wanted women or minorities, i started getting two candidates a month i think that's a real problem that exists and we have to do more to change that. >> we've had you on in the past, talk about your investments, whether it is maker or ring or lyft give us your sense of where you think valuations are now are you finding cheap stuff to invest in, and specifically on lyft, where are you on ridesharing now? >> i'm still bullish on lyft when it comes to cheap companies, i am early with companies, find series a companies, i have a lot of access, i am in companies that i believe are diamonds in the rough. some investors complained that accelerators, incubators, some of the valuations are getting high, but for me, i'm an early

stage investor, not investing like a vc, investing other people's money, so i think it is easier for me, i don't have to be as price sensitive. i am still bullish on lyft i'm an angel, i can take risk. i look at the portfolio across the board, where i try to create value instead of putting everything in one company. that's how i look at it. >> have you been surprised to see shares of lyft drop 42% since the ipo? you said you remain bullish here. >> i think it is normal. you expect it. especially with being incumbent like uber, doing things that can impact lyft stock. i look at it more long term. path to profitability, probably in a few years i just have a strong conviction for founders like in lyft.

at the afro tech conference, the founder was there speaking stuff like that gives me a bit of confidence. he talked about the relationship between lyft and the drivers because we know there's a lot of controversy about whether they're going to be contractors or employees hearing his details, hearing him explain his vision for the future gives me companies. >> i don't need to tell you, market sentiment has shifted where investors are a little or maybe a lot less tolerant of companies that have projected losses for years to come has that change in sentiment reached the circles you run in >> yeah, we hear the rumblings, we don't think like that i know vcs and institutional investors have to look at it in a different way. for us, we're angels we can afford to take more risks. i look at a portfolio of companies, make 100 investments

and, you know, you looking at that as opposed to one company so can i sell my stock and get some liquidity, yes, but i don't really have to do that i'm not in a need for it feel like i can take a bit of risk, regardless what happens, it will be profit for me regardless. >> i am wondering if you look across wall street and celebrity circles, et cetera, if there's an investor or set of investors that you admire and that you learned a lot from over the years. >> i learned a lot, most from the guys at up front ventures in l.a., one of the largest early stage vc funds in l.a. i was an entrepreneur in residence. one thing drew me to them is vc there, mark shuster. when i tried to get in the tech space, it was intimidating went to his blog and saw he was a guy giving a lot of game out i feel like a lot of people hold

information, so i developed a relationship with him. he gave me the opportunity to be an entrepreneur in residence, and when i was in there, i saw companies come in there pitching, talking about liquidation preferences, valuations, it was the best crash course for me, gave me a big jump to be able to go out and do the tech startup, entrepreneur thing >> finally, we are entering election season, so much talk about elizabeth warren, wealth tax, tax on the wealthy, vilifying those that have means. what do you make of that is that going to create a weird collision of feelings, especially out in california where obviously it runs heavily blue >> yeah, i hear a lot of opinions about that stuff. i know that lot of people don't want that, feel like the democrats or elizabeth warren is coming to take their money, but the way i see it is i'm focused on conditions in our communities, specifically the

african-american community i believe that a lot of people in our communities believe the conditions are not as good as they are or are far worse than the rest of our country. and i think stuff like that has to change. any democratic or republican candidate that is looking to get the black vote needs to talk about those issues >> you always come to play really appreciate your candor. we'll watch the competition. please come back. >> thank you and happy veteran's day to all of the vets. appreciate your sacrifice. cnbc's list of promising startups is back, 2019 up start 100 revealed tomorrow. for more, go to cnbc.com/upstart. european markets are set to close in a moment. seema mody has the breakdown of the action overseas. >> morgan, european stocks following a weak session in asia

hong kong with the worst drop since early august as protests continue in europe, ftse 100 was the biggest underperformer due to the british pound spiking to a six month high after nigel farage announced his party wouldn't contest any of the seats won by the ruling conservative party at the general election next month. that's more clarity on brexit. data showing the uk economy narrowly avoided recession last quarter, strong consumer spending offset weakness in manufacturing and business sentiment, but worth noting year over year, third quarter growth slowed to 1% that's the weakest pace since early 2018 greggs posted strong sales, lifted the 2019 forecast, thanks to success of vegan food line. german gdp later this week, if the economy contracts again, puts the t

country in technical recession let's get a news update from sue herera at hq >> good morning, everyone. iran has begun enriching uranium in the latest breach with the west according to the u.n. nuclear watchdog, in response to washington's withdrawal from the accord and renewed sanctions on tehran they said they can quickly undo breaches if washington lifts sanctions. at least 12 protesters wounded in confrontations with security forces in baghdad most hit with tear gas cannisters, according to security and hospital officials. four others were killed overnight in clashes. turkey says a former british army officer that helped found white helmets volunteer organization in syria was found dead in istanbul his body was found near his home by worshippers on the way to a mosque to pray an investigation has been

launched into his death. back at home, wintry weather blasting chicago early snowfall coating roads in and around the city, 5 to 9 inches forecast for some spots more than 500 flights have been cancelled in and out of the city's airports. you're up to date. that's the news update this hour morgan, send it back downtown to you. >> no! do not let it snow yet >> it is that time of year >> it is sue herera, thank you. up next, why apple card algorithm is under investigation for gender bias. we'll explain after the break. the cnbc trend tracker brought to you by the cme group. driverless cars, or trips to mars. no commission. delivery drones, or the latest phones. no commission.

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welcome back to "squawk alley. apple co-founder steve wozniak joining me with criticism of the new credit card, now under investigation as users report the lending algorithm discriminates against women and determining limits the wall street regulator will join us in a few minutes recode co-founder kara swisher is with us right now to talk about this kara, great to see you. >> great to see you. >> all right

the algorithm in question, let's breakdown what the issue is, why it is coming under investigation. seems more heat on goldman than apple. >> absolutely. this card is run by goldman. it is goldman's entry into the area, partnering with apple, trying to create this sort of fancy sheen for a card apple was trying to get into this business. what's happening is a pr nightmare essentially with the algorithm. the bigger question, what's happening with the other credit card algorithms and around health care, real estate, around all kinds of results that could be discriminatory. it is an issue around awhile this puts it into sharp relief >> it speaks to the fact that yes, an algorithm involves computers and machines, still has to be a human being that's

inputting the code. >> i don't know if it is unintended consequences, they're programmed by people diversity in tech ranks are low. it is not the question that people try to, it is the way the algorithms are designed, they're not as thought out as they should be. everyone assumes the black box on the machine decides everything whatever you put incomes out co it there are so many good examples of bad outcomes here and they grow as time goes on should be extended out for lots of things, the thing that algorithms rule us as we get into quantum computing, we tend to rely on decisions that were created by people and harjly by white men it is this thing we have to think about, how these algorithms are in place and how much weight do they deserve as you rely on them more and more it is critically important to do

that. >> you raise a key point, we rely on them more and more the flip side is how do you counter some of the consequences >> well, that's the problem. that's a really interesting question the question is how do we apply algorithms, what inputs go in, how do you decide which to use and when and when do humans intervene. a lot of the transactions are so massive, same thing with search and all kinds of things, in some levels we could be making discrimination so built into the system, it is impossible to change it. just like facial recognition, all kinds of -- a lot of the areas, we could come into a problem. we don't know what goes in the black box. >> kara, i want your take on calling the murderer of jamal khashoggi a serious mistake.

he called axios to express regret over the language, issued a statement reiterating as such, mistake in terms of the word mistake? major misstep? how do you think about this? >> i wrote a column in "new york times" this week about the saudis, talked about uber. they have a board member from the public investment fund in saudi arabia i think it is fifth largest investors, saudi arabia is a big investor in uber a long time i know that dara is a thoughtful person i think he misspoke, it was a gross misspeaking. he did take it back, but it gives you the idea in silicon valley which i was talking about in this column how easy it is to sort of take this ever dirtier money, not just the murder which is reprehensible, but the spying on twitter, all these instances of questioning where the money comes from, who it comes from. i think dara does not need this

very bad pr disaster now, he is facing issues around the stock price, around whether he can make an economically viable business here. he has a lot of hard things he's dealing with, probably wasn't a very good idea to say it like this i give him credit for then immediately rolling it back. i know they're dealing internally at uber with the idea of so much saudi influence with the company, thinking about removing that particular board member is being debated internally at uber >> wow all right. also facing some path to profitability questions from you. >> yeah. >> add that to the list. kara swisher, thanks for joining us. >> flames at the conference, thanks to kara. when we come back, could jeff bezos be thenext owner in the nfl? later, gender bias for apple's new credit card.

the regulator will join us on the other side of this break i called reputation defender. vo: take control of your online reputation. get your free reputation report card at reputationdefender.com. find out your online reputation today and let the experts help you repair it. woman: they were able to restore my good name. vo: visit reputationdefender.com or call 1-877-866-8555. about medicare and 65, ysupplemental insurance. medicare is great, but it doesn't cover everything - only about 80% of your part b medicare costs, which means you may have to pay for the rest. that's where medicare supplement insurance comes in: to help pay for some of what medicare doesn't. learn how an aarp medicare supplement insurance plan, insured by united healthcare insurance company might be the right choice for you. a free decision guide is a great place to start. call today to request yours.

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but it only covers about 80% of your medicare part b costs. a medicare supplement plan may help pay for some of the rest. two: this type of plan allows you to keep your doctor - as long as he or she accepts medicare patients. and three: these are the only medicare supplement plans endorsed by aarp. learn more about why you should choose an aarp medicare supplement plan. call today for a free guide. welcome back to "squawk alley. coming back to apple, a probe into goldman, sachs and apple over their new credit card the one leading the inquiry, superintendent of new york department of financial services, linda lacewell who joins us now thanks for being here. in terms of the investigation, what specifically are you investigating and why? >> thank you, morgan it is a pleasure to be here

today. there was a viral tweet this weekend in the past few days that generated a lot of traffic alleging that the new apple card was discriminating against women who were equally or more qualified than men to receive the benefits of the card and discrimination based on gender and financial services or any other protected class is illegally in new york, we said we'll take a look and that's what we're going to do >> what would constitute unlawful discrimination or wrongdoing here, especially as you investigate an algorithm specifically >> yes great question algorithms don't get immunity from discrimination. it is the person that uses the algorithm, the company that uses the algorithm that's responsible to make sure it is not being used with discriminatory impact against protected classes. no such thing as the company didn't do it, the algorithm did. developers, users, sellers of

algorithms need to do appropriate testing to be sure that in application, irrespective of intent, these algorithms are used in a manner equal for all consumers, irrespective of race, gender, religion and other protected categories >> are you specifically investigating goldman, sachs here or goldman and apple? >> well, we're taking a look at the practice goldman is the bank that stands behind the apple card. we actually license goldman, dfs is regulator of financial services and products in new york we have a firm foundation. we asked the company to begin with explaining what the algorithm is, and we have been in touch with them they're going to meet with us perhaps as early as tomorrow then we'll go deep into this one of the problems is it is a black box for consumers and regulators commerce a >> it is not unique to this card

how common are allegations like this and investigations like this >> great point it is not confined obviously to this instance, this particular question as innovation sweeps through our industry, regulators need to take a look, make sure that new technologies and algorithms are not generating dispar at impact on consumers, whether intent is there or not, that's illegal they sent an inquiry to united health group because optum according to a study in "the washington post" and "the wall street journal" had impact on black patients in hospitals, which is -- these types of issues and allegations, if these are true, it is very corrosive trusting government is a major issue now. it is the role of regulators to step up, even as washington unfortunately steps down, the states have to be there to make sure these kinds of discriminatory practices are not tolerated. >> you mention the black box

problem. why is there a problem, why there isn't greater transparency is it a state issue to add more transparency >> i think it behooves industry when they use technology and algorithms to make decisions about their provision of financial services and products to consumers to be transparent with the consumers your credit rating agency says why you were denied credit, it should be no different i think it is an opportunity working together with the tech industry and people thinking about this a long time to come up with a set of best practices because it is a black box apparently even to the consumer service representatives for the card who at least according to twitter traffic which was legion with many weighing in were not able to explain, kept blaming it on the algorithm there's no such person called the algorithm. the company needs to get transparent. all companies should be

transparent about decisions they're making that effect consumers because consumers is all of us. we are all consumers and we're all effected by this kind of practice >> finally, do you have any thoughts as to whether, if we were to agree theoretically there's a lack of transparency, that it comes from the goldman or apple side? >> yes i would think goldman and apple would pride themselves on being a leader here and we hope that they will do that, and they really have an opportunity to set the best standard for all industry and i hope that they will work with us to do that >> all right linda lacewell, thank you for joining us >> thank you. >> tune in later to "closing bell." they're speaking with david hanson who first flagged the alleged discrimination with the apple card. still to come this morning, obviously it is veteran's day. important day to thank members of the u.s. armed forces from afghanistan to silicon valley. the former navy technician

finding jobs for veterans. one of the most innovative companies according to fast company. they join us on the new startup in a moment.

when captain election law returned home serving as a bomb technician for the navy he wanted a job in silicon valley he couldn't get his job in the door he's helping veterans with his start-up shift, a linkedin of sorts for veterans backed by

structure capital and recently named one of 2019 innovative startups by fast company captain mike the founder and ceo joins us on veterans day welcome. >> thanks so much, carl. first off, i would just like to wish a happy veterans day to all those who came before me, those still serving. as a veteran myself it's always been a special holiday to me god bless all you out there right now. >> a special day for all of us, thank you for that, captain. talk about the model we said linkedin for veterans, is that too simple >> i would say it's a little different than that. we call ourselves a career change company for military veterans we're also helping redefine the way that employers hire experienced nontraditional talent we facilitate a fellowship program that allows active duty members to leave base, travel to the city where they want to live and start working in a corporate environment with one of our

partners during the last few months of service. it's a way to change your career after the military until today we've only been focused at the point of military transition from the point of active duty service to becoming a veteran. >> talk more about this in a moment, mike really quick, breaking news here as we're speaking is coming from boeing phil lebeau has more on that from chicago phil >> carl, an update on the 737 max that boeing has put up the company now expects that it will have faa certification by mid-december that's not written in stone. that's the latest expectation from boeing. then there's going to be a 15 to 30-day comment period on pilot training requirement, so depending on how long that takes, the company now expects that airlines will be able to begin training their pilots by mid-december and that's when they say look, it's going to be ready for commercial service, depending on how long a particular airline takes to train their staff to get the planes fully staffed and ready to go and put back into their schedule so boeing is saying it could be

ready for commercial service by mid to late january, but let's be clear here, guys, when you talk with american, southwest and united all of them are saying we're going to have to take our time getting this up in the air. we want it as quickly as possible and know that southwest and american have pulled it off the schedule until early march that's the latest from boeing. >> yeah. it's quite a headline there. as you're talking we're watching shares of boeing recoup their losses and turn positive thank you. >> you bet. >> we want to turn back to you now. thanks for your patience in terms of shift, what was the impetus to create the company in the first place and why do you think up until this point there has been a miss mismash or lack of tools for veterans in general? >> i started the company after serving in the navy as a bomb disposal officer for five years and like everybody else who is leaving the service, there's 250,000 people who became new

veterans every single year all you want to know is what's possible you want to know how your skills translate and you want to know some of the unique experiences you may have, which might be a value to a future employer if you can imagine being on base, separating from the military, walking into a big aircraft hangar and there's employers, well meaning folks around the table and they're telling you what company culture is like and what culture is like you want to know for yourself you want to get inside for many this is the most anxiety-ridden, high-stakes decision they'll ever make i think whether you're a veteran or not a veteran, there's many structural barriers that exist and if you want to live in new york city or you want to live in san francisco, but you're currently based in a rural part of america on a military installation, so for me i just saw incredible untapped potential and some of the people our nation has invested hundreds of thousands of dollars in to their training, creative problem solving and folks who have shown

just incredible, incredible poise in some of the most high stakes situations. these are the problem solvers you want around your team. >> yeah. the values instilled by military service, some of the skill sets, the education as well that i don't always thinks gets talked about often. in terms of placement for the veterans that work through your company are there certain sectors or industries or jobs they tend to gravitate towards or match up with the most? >> right now, we've started by primarily focussing on technology and media companies but we do think that almost every company is starting to reinvent itself as a technology company. we've started with technology companies primarily because there's these evergreen roles in the workforce that every company has big chunks of their work force filling like customer success, inside sales, project management and program management, and for a lot of

technology companies and companies who are reinventing themselves as such, you didn't necessarily have to go to college to be really good at one of these jobs. you have to have world-class communication skills and to be able to work well with others. we think the military is actually probably the most diverse workforce on the planet because it's comprised of people from every single city and state in america and they learn how to work really well together and solve problems >> i wonder how you would characterize corporate america's ability to change and be more accepting. there was a time 25 years ago where people coming out of active service were considered too rigid perhaps, or weren't going to be a good fit coming out of a yes, sir, no, sir atmosphere >> yeah. one of the reasons why we are optimistic is because getting some time in a fellowship program or just considering military veterans can also -- can often bridge the gap one of the things we tell our partner companies is if they're

facing hard problems and they're looking around the table and everybody around the table has the same exact experience, you're probably going to run up against the same answers and the same outcomes. when you at least consider veterans, we're not asking anybody to lower their bar when you start considering veterans you start to higher more of them a veteran hiring initiative can sound like a scary thing but it can actually just start with one perfect hire the first thing a veteran wants to do when they land in an organization that really values their skill sets is extend their hand and turn around and pull other veterans into their organization as well it can startsmall and lead to change in a short period of time >> that's a good message to end on on this veterans day. captain mike slagh, please come back >> thank you very much, carl i would be remiss to not mention that we're launching shift pathways today and new initiative that lowers the cost of tech education for military veterans >> thank you very much meantime the next person to join

the nfl's ownership ranks could be jeff bezos. cbs reports the founder and ceo is interested in purchasing an nfl team and has support among the current owners the seahawks and the broncos being floated as possible destinations although washington may be the favorite. bezos owns "the washington post," in the process of moving to d.c. and has ties to dan snyder as the ranks of billionaires being owners would continue if this were to happen. >> he certainly has -- he certainly has the money to make an investment like this. it's going to be one to watch for sure speaking of jeff bezos, his other company blue origin sat down exclusively with the ceo of blue origin bob smith. we will be airing that tomorrow when i am live from rocket city usa, huntsville, alabama i will be reporting all day from there talking about the resurgence of space and the influx of defense dollars as we head into this new commercial space era and the ripple effects

all of that has had on the region the numbers speak for themselves, carl population growth, job growth, wage growth, have all from 2000 to 2017 doubled, the u.s., be the national rate, and it is about the labor force, education, and it is about those government ties and we're going to talk about that and all the ins and outs tomorrow. >> i'm looking at a big fanatic report out of bank of america today. ten things for the next ten years, one is space, the next frontier industry could be worth by $1 trillion losers, legacy satellites, as we turn to nano satellites, that is a thing? >> that's a thing. it's one of the things that we'll be touching on i think tomorrow is sort of this new boom of satellite constellations the smaller satellites speaking of, spacex, which does not actually have a presence in huntsville but did a launch, the second launch of their starlink

satellites earlier today this is something we'll be talking about today. >> aerospace related, boeing up 2% as it says now they expect the max to return to commercial service in january a company put out a statement a few moments ago. so busy veterans day continuesp to the judge and the half. >> all right carl, thanks front and center this hour your money in the next seven weeks. optimism growing over a year-end rally. time to increase exposure to stocks or pair back your risk? it's 12 noon, this is the "halftime report." >> what's hot and what's not stocks that investors are piling into right now and where opportunities are hiding in this record-breaking market cisco systems getting downgraded ahead of earnings this week. we'll debate what it may be signalling in our call of the day. alibaba shattering records on singles day. the stock up more than 30% thi