good morning it is 8:00 a.m. at the consumer electronics show, 11:00 a.m. on wall street. "squawk alley" is live ♪ dance i hope you dance ♪ i hope you dance i hope you dance ♪

dance i hope you dance ♪ >> good tuesday morning. welcome to "squawk alley." i'm carl quintanilla with morgan brennan at the new york stock exchange jon fortt is live on the ground in vegas covering ces 2020 for us more from him in a few moments >> we begin with tesla and elon musk in china, the stock opening at an all-time high. eunice yoon has more >> elon musk definitely showed his enthusiasm for the chinese market and perhaps investors are taking a cue from that today musk did a little dance at a shanghai event which marked the delivery of tesla's model 3s made in china to ten customers, to the general public, for the first time he also made several announcements saying that for the model y production would begin for this suv in china. he also said that the model y demand he believed was likely more than all other tesla cars

combined he sees future models made in china at this factory and aims to open a design center to create an original car for the global market. the plan is to raise the production capacity which stands at 150,000 vehicles a year to 250,000 and also comes at a time when the market here for the auto industry is slowing down, when the trade tensions between the u.s. and china are quite high, and when china is scaling back its aggressive subsidy program for electric vehicles. however, the chinese public reaction so far to this announcement has been -- probably will be quite encouraging for tesla. a lot of chatter online today has been about how the price looks to be quite competitive at $43,000 per vehicle. that's been the main focus a lot of people not saying they're bothered by the fact this is a hina-made car becaus

a lot of cars here, that are sold here, are manufactured here anyway the other big talker is something that you guys were discussing as well, about how elon musk is a talented dancer, at least from the chinese perspective. one person was talking about how they would probably be doing a striptease too if the stock price of their company was rising at all-time highs guys >> it's certainly video we can't get enough of today, unis. thank you. for more let's bring in paul holland and brad slingerland of nzs capital. good morning brad, given the fact that you are invested in tesla right now, are we at a tipping point in terms of the narrative for this company? how important is china to the story? >> china is important, but i think in terms of a tipping point, this has really been in progress for several years, even going back a decade. it's typical of what we see when

an industrial-age, 1,900s business model such as automotive gets disrupted by an information-based platform like tesla which is based on softw e software, based on data, based on new technologies. so this has been going on for several years and will go on several more years if it follows typical patterns we've seen, it could be a winner takes most or a winner takes all platform network effect that gets created we're seeing incremental evidence that tesla is creating that network effect in automotive >> paul, the other thing that's noteworthy is this shanghai factory makes it the first with full ownership how much is an advantage like that for china >> a terrific advantage. i think the timing around the announcement and all things associated with this have positive for tesla i will note that i'm going to

make a point over in dance on cnbc i think you guys are a pretty tough crowd. >> we've been dancing all morning. >> i agree with the comment on if i impacted the net worth from launching china i'd probably be dancing too. i go back. i agree with brad's comments here this is a classic case of a disrupter. i've had i think probably six years ago i bought my first tesla, drove here in it, took my kids to school and they looked around the parking lot and a quarter of the cars were teslas because we're here in the silicon valley that was five years ago. that whole concept is spreading across the world this new set of consumers are looking for something sustainable and something i think brad touched on. when you drive a tesla, particularly the new model x

you're driving a very comfortable, very elegant, high-end computer. this set of consumer, that's what they're looking for i think what they had happen here is they caught their competition in the u.s. just dead flat-footed i don't think it's quite going to be the same in china, which is another topic for us. nonetheless, you know, terrific day for tesla and well deserved because they've innovated with a product that many of us really love >> to your point, paul, maybe musk realizes the competitive threats out of china and even, brad, out of europe. why is the market giving so little credit to the porsches and vws of the world even if they are a couple years behind >> the reality is they're more than a couple years behind, call it three to five year, and tesla is moving at a speed that no one else is matching in these legacy automotive businesses. so it's not just trying to catch a moving target, we're trying to catch a moving autonomous target here

the amount of skills they need to add in electric vehicle batteries, drivetrain, data, autonomous software, user interface, and all this will get more and more complicated and more network effects will be created around the data advantage that the early mover has such as with tesla with the supercharger network who knows how far -- how much further ahead they'll be five years from now >> to that point, paul, i realize that you can talk about it first, mover advantage with tesla, but we have something like ten different eb models poised to launch this year i wonder at what point does the competition -- the fact there's more on the market and is more competition, when that becomes a bigger piece of the debate, like we've seen with netflix and streaming services >> i was just going to go there, so thank you very much for that. if i look back at foundation being involved and netflix starting back in 1998, what

we're backing was a disrupter, somebody trying to take over the existing marketplace we see this at a company i buy, mach 49, in terms of the innovation front i think the comparison is apt. in that case, they're existing competitors, there were 15 media companies kind of dead asleep. brad made the comment, the other players, there are a dozen areas, probably 100 areas they have to raise their game around ergonomic, around telemattics, around ai, autonomous driving, all these other different pieces many of them have been working on it, some quite furiously in the background, but the kwh challenge is it's very difficult to catch up and what you tend to see is what you saw with netflix, a new leader emerges, and as long as they don't stumble, they can find a way to make it a lasting advantage. i will say, though, that if i were to bet on where the competition is going to come

from, it's going to come from china. if you look at companies like biton, they've got hundreds of developers in santa clara and a very large factory in china and they're going after tesla with products that they think are comparable i don't know, but, you know, this is the type of thing i expect they're going to see. i think it makes it almost doubly smart that elon is in beijing and in shanghai, you know, going right -- it's the war, go right to the home territory of your competitor and dominate there he's not going to detroit. he's going to shanghai. >> gentlemen, thanks for joining us shares trading around 460, a fresh high in today's session. >> thank you >> thanks. let's get back to vegas now and jon fortt live from ces. jon, what's catching your eye so far? >> well, carl, some of what is generating buzz here at ces is

real, some is not real yet last night samsung gave a big keynote and one of the things they rolled out, literally, is called bally, this little yellow robot that rolls arnold on the floor. it patrols the home, keeps you safe if anybody has cats out there, make sure to equip bally with some squirt guns that squirt water or bally is dead also an exercise exo skelton they talked about. daimler and sony, even sony, showed concept cars that integrate technology cars have long been the rage at ces. ever since i first started coming here and mp3, they're talking about integrating more driver sais autonomous technology, facial recognition for safety as well they were talking about

concepts also concepts for foldable screen laptops intel brought that so did dell. we saw some foldable screen smartphones at mobile world congress at the beginning of last year. now they're moving more into laptops. inknow voe talked about a laptop like that in may, but we're seeing more of them talked about as well. let's talk about what's really coming had some pc chip news from intel and amd. the processing units work together for more horsepower, eight cores in laptops should bring a lot more horsepower to that platform. car chips from qualcomm that will enable more infotainment and driver azessist technology i talked to dave lind of amazon, speaking of more technology people will be using today, about how alexa is coming to the car and also how it's being used

more broadly to inform amazon what to work on next take a listen. >> what you do see is where people are interested and where they might be putting echoes and alexas for example, we see a lot of usage in the kitchen that leads you down a path where you start experimenting things in the kitchen and you do apis and partnerships with people like discovery, food network kitchen to see will customers resonate with things like recipes. half of alexa customers last year interacted with a recipe. you wouldn't have thought about that if you didn't experiment across these different areas >> and of course people are using alexa to order product from amazon, making money that way. i asked him kwhr they going to start using that data from all these searches to inform more targeted advertising he said that's not on the horizon yet. they're trying to improve product. one thing they are doing new when it comes to in-home devices is making two-factor

authentication a default to beechbeef up security. >> gives you a real sense of how broad the show is, just an enormous display of consumer technology when we come back, micron, western digital, paypal getting upgraded today we have the analysts behind all of those calls when we come back legendary terrain in telluride, the unparalleled landscape of park city, or the famed peaks of whistler, you've faced the hassle of lugging your gear through the airport. with ship skis, you're just a few clicks away from having your skis, snowboard and luggage shipped from your doorstep to your destination. with unrivaled pricing, real time tracking ship skis delivers, hassle free. ship ahead and go catch those first tracks on fresh snow. ship skis. your skis. delivered.

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micron and western digital hit new highs. carl ackerman joins us good to talk to you. >> thanks for having me on the show >> given the number of times a player in this space has called the bottom and then disappointed, how do we know this is not another head fake? >> fair question i think semis overall have certainly had a strong run in the month of december and we're wondering how much further we can go but the important thing for micron and western digital is we are starting to see fundamentals bottom, starting to improve on an earlier trajectory. an important piece is investors we believe will continue to move into micron and western digital because of greater cyclical growth opportunities towards relatively strong consumer and data centric sectors as opposed to industrial and auto i think the other piece is valuation. micron and western digital trade

at a 30% discount to overall semis on pretty much any valuation metric you want to choose for those reasons, you know, we're pretty positive on micron and western digital and i think there's a fair amount of upside from here. >> whether it's micron and western digital, microchip higher today, after they raised their guidance for the second time in five weeks, how much of all of this is with the u.s./china trade deal? >> fair question i don't think much micron and western digital have about 5% exposure to huawei, which has been the focal point of u.s. and china trade relations. it's much more discounted in valuations today i think it has more to do with the upside opportunity both within smartphones and servers that we see will be very strong in the first half of 2020. >> we have this microchip guidance as well i wonder how many of the tech

cans of the world, if the industrial chips will follow the thee tis you're lining out >> perhaps, but i think the biggest piece of what we focus on with micron and western digital and what i think other semis might follow as well is the content story within these end markets, within consumer, within smartphones you're seeing dram content expand over 50% generation to generation in handsets that are coming out in the march and april time frame there's a content uplift on the new server platforms that will come out in q2 roughly 35% content growth at least within memory, there is a very strong content opportunity that we see within semis and i think that will continue to drive beets and raises as we move forward. >> just to wrap all this up, given your upgrades on micron and western digital, these two stocks are up 68% and 75% respectively over the past 12 months how much further could they

move >> we have an $88 price target on western digital, a little over 30% upside from here. for micron, we have a $70 target, about 30% upside from here i think very strong opportunities from here. >> all right certainly influencing the space today. carl ackerman. >> thank you >> paypal getting upgraded this morning. bernstein takes its target up to 130. the analyst behind that call is here at post 9 we know the bearish concerns regarding ebay what are you seeing in paypal that you like? >> paypal had a tough twooin2019 the stock underperformed if i look into 2020, i see three things one, i believe paypal is poised to beat consensus estimates, and this is because of the perfect combination of the partnerships

pricing the honey deal coming into the numbers second, the increasing marginal ti for paypal's expansion of addressable market to be beyond u.s. e-commerce because of partnerships, internal expansion and commerce and finally the ebay i think it's increasingly, as we have done more and more work, i think it's going to be a more manageable transition for paypal if i combine all that together with a more reasonable valuation, git i get there >> i'm going to venmo you money but they're not making much money on it. when does that change? >> it was an undermonetized asset. paypal has been losing hundreds of millions of dollars to venmo. the thing is instead of sending your friends money, you would click on something else. that didn't come to fruition as

well i think paypal is doing an interesting pivot with venmo where if you're an 18-year-old, it could become your digital bank account so instead of going to a prepaid card or whatever, you can have a venmo debit card or credit card that will be the beginning of an interesting monetization journey for venmo. >> are there external threats? is facebook threatening with digital payments >> it's more likely a partner. facebook is now rolling out its initiative, which ischeck out by instagram, paypal is the one behind that. i would say in a competition, it's legitimate for paypal for the likes of apple pay, visa, mastercard i do think they are worth t close monitoring i just don't think in the next 12 months you'll start to see that in the numbers because paypal has a commanding lead in

e-commerce checkout. it has an order of magnitude ahead of many of its peers ecom is growing and paypal gets a share of that. >> maybe facebook aside, there are so many other competitors out there, after l pay, down the list >> yes, so i think there's two days to do that. one is to really enhance the network effects. payment is all about network effects, overcoming the chicken and egg of establishing a consumer network and acceptance. paypal is ahead of that. second is that you expand your addressable market the competition concerns are less relevant if your addressable market is two or three times bigger this is what the company is starting to do with international expansion. >> within our international, is it a certain part of it more than another yeah so paypal has been very strong in u.s. and europe, uk, germany, very, very strong.

emerging markets, paypal is nonexistent in when i look at international expansion, i look at places like india, places like brazil, latin america, those areas where paypal is starting to do some partnerships, more investments, and something we are closely watching >> all right we'll pay attention to target 130 out of bernstein good to see you. >> we have a lot more to come from your live coverage at ces don't go anywhere. quk le rur ithe. - [spokesman] if you've tried college but never finished,

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welcome back to "squawk alley. european markets about to close in a moment. seema mody has the breakdown >> the major banks in spain are under pressure after the country's socialist party leader, pedro sanchez, was narrowly made prime minister, spaifing the way for spain's first coalition government in decades. they're aiming to target large companies and banks with higher

taxes. that's kwha thv why they're trading down today eurozone inflation, jumping. a 10% rise in oil prices would add about 0.2 percentage points to inflation, which would below the mandate of 2%. that next policy meeting is set for march. separately, the eu policy meeting, joseph burrell, calling an emergency meeting today to discuss europe's security strategy amid rising tensions in the middle east. it comes as french president emmanuel macron has been trying to steer the iranians away from retaliation. the french president is expected to speak on the phone in the next day or so to the iranian president rumannouhanrouhani. >> sue herera joins us now. >> mike pompeo accusing iran of

working to this wath efforts to bring peace to afghanistan >> iran has refused to join the regional and international consensus for peace and is, in fact, today actively working to undermine the peace process by continuing its long global effort to support militant groups there >> meantime, iranian's foreign minister says iranian will retaliate against the u.s. for killing its top general at a time and a place where the u.s. will feel the utmost pain. he also said the u.s. declined to issue him a visa to travel to new york for upcoming meetings at the u.n the u.s. responded saying it did not have enough time to process that request new data shows most americans are supportive of the measles vaccine. the pew research center says 88% think the vaccine's benefits outweigh the risks more than 80% were supportive of the vaccine to be required in order for children to attend public schools you are up to date that's the news update back downtown to you, carl

>> sue, thanks for that. after the break, uber's head of aviation live if ces why the next ride you hail might come from the sky. close to session highs you leave it to me. i'll get your taxes in an ok place. what? just as soon as my audit's over, this gets my undivided attention. you take a lot of trips to the caymans, phil? pretty great, right? oh phil's legally dead. fell off a boat. going by denis now. celery. long story. what do we got here. oh. not going to want to see this. i don't think this is going to work. just ok is not ok. at&t has america's best network, now with our best plans, at our best prices, starting at $35 a line for 4 lines. new from at&t

let's head back out to las vegas with jon fortt sitting down with a special guest. jon? >> morgan, that's right. i'm here with eric allison, head

of uber elevate. you guys are making quite a splash here. you showed off the sa1 the world already has helicopters. why do we need this? >> we have a vision of bringing a new type of transportation into the world where we can seamlessly weave the flight of these electrical vertical takeoff and landing vehicles to connect cars to the vehicles so you can kind of get where you want to go faster than you ever could before >> are they safer? >> yes the idea is that with the new technology that's been applied to cars, that has made electric cars possible, lielectric motor, we can use multiple different rotors instead of large one that has built-in inherent redundancies that makes them safer and cheaper to operate >> and parachutes. >> you can add a parachute into a vehicle like this, just can't

do that with a helicopter. >> parachutes for people or the whole vehicle? >> the whole vehicle >> makes sense when does this happen? we've heard uber talk about 2023 2028 for this particular vehicle. clarify. >> we have actually take an an ecosystem approach as we built out uber elevate hundred die is our eighth partner as part of this ecosystem, and the vehicle partners are all developing vehicles that are different and they're going to bring them to market at different paces. we're actually pretty confident some of our vehicle partners will have vehicles ready to start operating in 2023 and hyundai, we're excited to see them getting into the game we think it's exciting that a major player will be investing in this space. they're starting now >> give me your view what are you going to be pitching for me to fly in in 2023 you say you expect it will be an affordable shared ride how far will it be able to take

me and what kind of vehicle will it be? a helicopter >> in 2023, we want to launch with these electric aircraft we have to get certified first, so if different partners are working with the faa to go through the certification process to bring these vehicles to market. we didn't do any operations without that away want to launch in 2023. we' we've announced three launch cities, dallas, l.a., and melbourne, australia you'll be able to open up the uber app and just like in lower manhattan with uber copter, you'll see an uber air option and we'll save you time and get you where you want to go faster. >> how is this business model going to work? is uber going to own the craft or are you going to expect other companies to own the craft and you sort of act as a connector putting passengers on it >> we're working out the details. there are several different options. with this type of a shared vehicle like this, it's a bit of

a different situation than with the way the cars work right now. so what we're doing is talking to lots of different partners who have interest in being part of the value chain there are companies in aerospace and aviation, a long tradition of leasing companies owning aircraft and leasing them to the airlines that operate them so i think there's many different models that can be explored with this new technology opens up new pockets for new type of businesses, that we have a lot of partners interested in exploring with us. >> will uber have to commit a significant amount of capital to literally get it off the ground? because if there's a lease option, that's great, but if it's sort of an untested type of vehicle and model, somebody has to take the risk >> we're still working out the details, but we are focused on working this through in a partnership way. so we are working with these partners to bring these vehicles to market and we're not a vehicle manufacturer so that's why we're partnering

with these world-class companies and they're making investments on the vehicle side to bring the vehicles to market and we're pretty confident we can deploy them in an effective way in a very commercially relevant way to save people time at an affordable price point when they're ready. >> about decade ago i think you helped start zarrow. a flying car company larry page invested. flying cars have kind of become this by word where people say there promised to be flying cars and all i got was fill in the blank. why don't we have flying cars? >> so -- well, we're closer than we've ever been. i think it's a hard problem. it's not something that you can just with two or three people in a garage put something together and, you know, operate in a reliable way that's why it's so significant that a company like hyundai will be investing in this space to bring a vehicle to market. the other partners that we have too are investing significant

amounts of money in this space to bring these vehicles to market these are real engineering efforts that take large teams to get certified and in order to be commercially relevant. that's the key the other thing from a technology standpoint, it wasn't there, even ten years ago. the battery, the motors, to make these things affordable and reliable, electric propulsion is a key enabler. that's really the different ray or t -- differentiator that's making it happen. >> how much does this have to cost to hit the mass market that you want and how far does it have to be able to go? >> what we've done is built a detailed simulation of networks and cities in this way so from that we've kind of derived the right specification, we can work with the partners to build the right kind of vehicles we think 60 miles of max range is the right specification they need to fly between 150 and

300 miles an hour to save time to get the demand to where we want it to be. those are the basic specifications we think the key for hitting the price points and the reliability. >> what is the price >> we think of of this as a shared product, selling seats, not vehicles we think we can launch at uber black pricing. we can actually drive the price down to something like a per-seat basis within a couple years of launching >> 60 miles is what you pay for a short-haul flight, right >> 6 60 miles at uber x pricingi like $100. that's achievable in the medium term, not at launch. >> at the launch, more expensive. >> uber black pricing.

yes. >> thank you hyundai as partner and a vehicle concept a few years away but caught a lot of eyes >> that's what it's all about at ces. thanks, jon fortt. will 2020 be a second year of apps from technical enfrom? >> should some of the recent departures start new businesses? they have a leg up on their inexperienced counterparts data from pitch book shows the founders that have successfully exited at least one company and subsequently launched another. they tend to have earlier access to capital, secure larger valuations and are able to tap the top vcs. the last few years has een plenty of churn at the high-profile start-ups while a lot of them were force exits, we are seeing second acts from some of the most

controversial. travis was ousted from uber in 2017 amid a cultural crisis and shareholder revolt next then three years, his new start-up has a $5 billion valuation. john and josh diner, the brother who is founded way, they're also already to their next venture. wheels and ebite start-up has raised nearly $100 million michael kagny ousted amid sexual assault allegations, he is doing well one year later. it makes you wonder what the latest crop of departed founders might do with their free time. of course adam newman, left with a nearly $2 billion parachute. he founded a children's clothing company and a collapsible high-heel start-up what could he do next? other names, there's ken burns,

at tpg more than a decade. and steph corey, who stepped down from that start-up about a month ago. back to you. >> very interesting to see what they do put their minds to work on thanks for joining us. skill to come, mind-reading technology from ces. we'll explain that next. first, rick santelli, what are you watching today >> i'm watching the effects markets. you know what a tell is? sometimes you play poker, your friend's nervous twitch is a tell tethbrthte rhte llig afr e eak. i consulted with your grandmother's doctor. we can do the screening at her house. hi. this is the man that's going to check your eyes grandma. cognizant ai solutions are helping healthcare companies advance diagnostics and prevent blindness in patients with diabetes.

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your clubs on-time, guaranteed, for as low as $39.99. shipsticks.com saves you time and money. make it simple. make it ship sticks. rick santelli and "the santelli exchange. hey, rick. >> hey, carl in the tease moments ago, i said i had a tell to tell you about the tell is fx and it's the yuan, the chinese currency let's look at a five-year chart. keep it up for a minute left of center at the end of 2016, beginning of 2017, basically ta top is around 695. if you move to the right of it, the whole back half of 2018 is around 6.97. the whole point is to allow the

yuan to be under 6.95 in the dollar weakness there, is very strategic. what probably it means is that the signing of phase one will happen quickly how do i know this i'm not reading it in a paper or a website. it's the market and the foreign exchange, there's a lot of knowledge on that chart, and i would definitely look at this most recent move as very, very significant. there's another global dynamic that's going on that i think the significant. yesterday about 24 billion, almost 5 billi25 billion in new corporates was there we had a heck of a year in 2019 with respect to issuance, on the investment grade or the high yield side, but right towards the end of the year, there was a bit of a lull. the point of the matter is when you look at the markets in japan

and europe for sovereigns, there's a lot of question marks. it's just going to underscore the amount of interest globally by investors not only in our sovereign market, which is one reason it's so well bid and maybe another reason why some of the flight to safety really didn't have a huge impact, because we already have a big impact going "on the money" the demand side, keeping prices high and yields low on the issuance side, this is very significant how europe is going to turn out -- listen, owning anything in europe is pred daicated on t notion they'll continue to keep rates negative or extremely low, and that is a big question mark. even rates in japan are starting to move up again whether it's new issue, sovereigns, all the supply the u.s. is going to be issuing, most likely 2020 is going to be a banner year for demand once again. morgan, back to you. >> rick santelli, thank you.

coming up, something else for elon to dance about. a successful launch for spacex to kick off for 2020 why last night was so important for that company first, after the break, mind-reading technology from ces. julia, what's coming up? >> with this mind-reading headband, i can control things with my thoughts we'll explain how it works coming up after the break. it feels like i'm just wasting time. wasted time is wasted opportunity. >>exactly. that's why td ameritrade designed a first-of-its-kind, personalized education center. see, you just >>oh, this is easy. yeah, and that's >>oh, just what i need. courses on options trading, webcasts, tutorials. yeah. their award-winning content is tailored to fit your investing goals and interests. and it learns with you, so as you become smarter, so do its recommendations. >>so it's like my streaming service. well exactly. well except now,

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all right. this is not science fiction. mind reading technology here at ces. julia boorstin has it for us in the south hall can you tell what i'm thinking with that thing on >> i may be able to move things with my mind, though, jon. this is a company called the brain co, and this is a growing category it could be used from everything from education from security to prosthetics. this is designed to help to train children to help focus it also sells to consumers for $500 the idea is that the harder i focus the more i can train myself to pay attention in class. this game here shows the harder i focus, but i can make this rocket ship go faster.

if he relax, the rocket ship then slows down. the idea is to give me a better sense of how my brain words. brain co has a prosthetics division the hand picks up on tiny muscle movements and the intention to move your fin -- this could cost $10,000 to $15,000, less than half the cost of an average prosthetic. >> the more he uses it, the more the ago rhythm learns. he can control individual fingers, and it doesn't only rely on predetermined gestures another company here is call next mind. it is a head-mounted device that's broken on brain signals from your visual cortex to figure out what you're focused

on. >> thinking blue -- oh, it turns blue >> the more are concentrate, the faster it goes >> red -- that was a pretty amazing experience you can also play the duck hunt video game or change the channels just by focusing your eyes with the hope they will create many new applications for it technology focused on the brain/computer interface is expected to be a $1.5 billion market this year, and to continue to grow after that. it's already drawn the interest of facebook. it brought a mind-reading, mind-sensing technology for about half a billion last fall guys, back over to you >> well, julia, you're one of

the more intense, like, focused people i know professionally, so i think you're the perfect person to test this. tell me does it all work well, or are there kinks to work out. >> jon, i was blown away it's amazing to me that it works at all, but one you figure out what you're trying to do, both these technologies are incredible if you think about getting that rocket ship to more, or. >> translator: i to get a car to go faster. when you relax, you zone out, it slows down you really understand that's the feeling of focus i had this headband on when i was going through my script, my live tease they had my focus was really, really strong when i was doing my live tease. one with a visual focus i didn't think it would work, but in

fact, i sort of tested it, and it would change the color of the light, it would change the channel on the tv. i tested similar technology about five years ago this is a world of difference in terms of how reactive this is to really responding to what you're thinking all right. julia, just don't hurt anybody over there, you promise? [ laughter ] >> i promise, jon. >> yeah, yeah, she's moving things with her mind carl once we start moving objects with our mind, we have bigger problems thank you both a check on the major eresthe dow is back down "squawk alley" is back in three minutes. or the famed peaks of whistler, you've faced the hassle of lugging your gear through the airport. with ship skis, you're just a few clicks away from having your skis, snowboard and luggage shipped from your doorstep to your destination. with unrivaled pricing,

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get a sirloin or chicken on the barbie, fries, and a draft beer or coca-cola - all for just $10.99. hurry in! wednesdays are for outback. outback steakhouse. aussie rules. welcome back elon musk's spacex had a record-breaking launch becoming the world's largest satellite operator it had 60 starlink satellites on board bringing the total to 180 in space about ten minutes after liftoff, the rocket's first stage touched down on a drone ship in the

atlantic ocean marking the 48th booster recovery and the fourth time this booster has been to space and back spacex has been rapidly destroying starlink. as many as 20 missions could take place in to 20, and they already have approval to operate 12,000 satellites in the coming years. there's about 2,000 active satellites in orbit in total currently. spacic mergen mega consist tlags is already up worrying that the small sats, and one has an experimental coding hopefully to make it less disruptive. starlink could be a huge new business for spacic. last year elon musk ten times

the amountsh and potentially a $30 billion business if spacex can just capture 3% of the global internet market this will be a big one to watch the company this year. just as this launch company also had an ocean splashdown just a short while ago from the international space station, so staying busy already. meantime, jon, a pretty fascinating look at ces. we also hear about the complaints about the show, the technology doesn't get good follow-through, but i wonder if you're seeing something different? >> i wouldn't say different, carl this is not a show about launching real products normally their going to have a big impact companies these days use their own events for that. this is about judging the health of an ecosystem. the f.c.c. just announced a couple days ago that here going

to from using the university service fund, also a lot of conversation about trade here to figure out hoe you this plan to take advantage of -- >> we look forwardsh and we'll get you back here on thursday. likely your portfolio, this is "halftime report. disney named a top pick in 2020 we'll debate straight ahead. a new call on boeing why it make get worse for the stock from here. goldman sachs overhauling its business will it move shares higher hef ron and other big oil names under pressure the traders take their position. tesla on a tear hitting new all-time highs should you get in at these levels the investment