♪ i'm kwicarl quintanilla wit jon fortt. shares of intel trying to keep the dow in the green, stocks up more than 8% here, close to a 20-year high we'll talk to the ceo bob swan in a few moments the dow is trying to avoid its fourth day down in a row, something it has not done since august first an important update on the coronavirus with the second confirmed case here in the u.s

>> within the hour we've learned another person who travelled back to huaan china was confirmed by the cdc to have the coronavirus. she's a chicago woman in her 60s who returned to the country on january 13th after leaving for huaan in late december health officials say the immediate risk to the u.s. public is low at this time but the situation continues to evolve this patient was not showing symptoms while she traveled. clinically she's doing well and is in stable condition she remains in isolation in the hospital the cdc is currently investigating 63 patients in 22 states for the virus two were confirmed it's found 11 negative tests the agency says it's working to speed up testing by seeking the ability to have tests done at the state level. currently samples need to be shipped to the agency to be proce processed. the case numbers from china and nearby countries continue to climb, topping 900 with 26

deaths health officials say they expect to see more cases in the united states, both travel related and potentially from human-to-human spread and they ask everyone feeling ill with a travel history to huaan to call their doctor they're learning more about the virus and it's too early to compare it to sars and mers in terms of severity and spread >> affecting the markets largely today. apple is up more than 9% since january 1, doubling in the last year as you probably know, taking the nasdaq to another record high. joanna stern of "the wall street journal" is here and bradley tusk, both at post 9 talk about how much of the fundamentals are going to ratify the move on the stocks we've seen what do you think? >> yeah, look, pretty exciting, a little surprising, but at the same time i think by apple introducing or announcing plans for a lower-priced iphone, i think people in the market, you know, people want to like apple,

they want to buy apple it symbolizes hope and progress in a lot of ways i think when there's an opportunity, investors really take that opportunity. >> it's weird, isn't it? apple hasn't turned into a brand-new company. they didn't buy tesla. they didn't buy a media company. they didn't start innovating for all the people who thought they should be making amazon echo it's the same company it's been, continuing to execute. meanwhile, other companies like your ubers, your wee works that were supposed to be the next big flashy thing are not getting the valuation. joanna, why do you think this is is it just kind of a reality check or -- >> if you look at it, everybody is excited about the next iphone, the next 5g. >> weren't we just saying there's no innovation in phones anymore? why are we excited >> i do feel that way to be honest, but this 5g phone, i'm hoping apple has it at least for investors. for user, i'm not sure i'm not really sold on what

we'll be using 5g on our phones. but i have heard from many readers who are waiting for that 5g upgrade they think it will be the biggest upgrade in years, a real reason and a real upgrade above what they have right now >> did you watch the video of trying to use 5g around the country and having to bring in an ice cooler? >> i think some people did watch it that's what we're dealing with right now, early days of 5g, not yet proven we'll have any benefit on our phones from 5g, faster streaming, better quality on some things unclear. one of the good things for apple is samsung should be out in the next couple weeks with the next galaxy section, a major release with the 5g phone. they had it on the note and smaller phones but let them test it out apple waits. >> intel is over 68 bucks a share. apple is at $322 and change. smartphones were supposed to be

played out what's the lesson for investors in all this? >> there are products that we know consumers buy, use, and like, and then there are concepts that we think should work, uber or wee work, that, you know, could work in theory and you could build that a case, convince yourself it's the next amazon, but in reality at the end of the day, things that are able to turn a profit and have decent unit economics are more preferable that's why one thing that is doing really well is tesla it still feels like you're buying into a dream and a promise of what tesla can be it's super cool what they work on >> we'll get to tesla for sure one last thing, we talked about this week, joanna, the privacy conversation with apple, the president making some comments about the florida case i mean, is it possible they get embroiled into a privacy discussion where their market starts to get affected, becomes such a big selling point for them >> i think the marketing has

been effective to a degree they're trying to explain more and more what they mean by their own privacy, drill do you think what they mean i think we're not sure yet how much of this is out of their control. reports about the fbi back door and a lot of other things. it will be surprising to see what apple will say about these things >> speaking of consumer technology, pretty big story this week, having to do with sonos. they set out with what many call an ill-advised message that they'll stop supporting old speakers and if you want your whole network of speakers to continue to work, even if you have newer ones, you'd better upgrade. the ceo put out something of an apology yesterday saying, hey, your old speakers will continue to work, but some are more than a decade old so we'll do the best we can. is this the future of smart home where things that we expect to buy once every 10 or 20 years we'll have to buy every couple

years like smartphones or just they have to engineer them entirely differently >> i thought this controversy was funny because seonos saying we can't play music out of your old speakers, some of the features, streaming features, there was a lot about the fact this was a speaker, a simple piece of technology. people get upset with androids or apple, no updates for your phone. such rapidly evolving technologies on your phone and computer a speaker, a doorbell, a thermostat you know, i think that's going to be a harder sell for people saying i need to update by doorbell because the software doesn't work >> i don't want to talk to my speaker. i want it to play. maybe i don't need that. >> does your old jukebox or whatever you've got in your home -- jon, i'm thinking you've got that old big boom box.

>> because i'm like 70 years old, like the fonz >> you need to update that with software >> meanwhile, women hold just a tiny percentage of ceo roles in america's largest companies. but if david solomon's call for more diverse case is any indication, things are starting to shift julia boorstin has more. >> the gender gap, the highest rank in corporate america, is huge women account for 6% of ceos at the 500 largest american companies based on revenue, but women were appointed ceo in 12% of ceo transitions at those companies last year. that's double the percentage of female ceo appointments in 2018. that sounds like progress. but at this rate, it will take more than 40 years to reach ceo gender parity in america there's also evidence that women who are appointed to the top job aren't necessarily set up for

success. high-level women are often promoted during a time of crisis it's a phenomenon called the glass cliff. boards of companies that are already struggling are more likely to hire a female ceo according to a 2013 study. one good example of this, rite aid. it appointed hayward donegan, its ceo, to lead restructuring efforts in 2019. the stock had fallen by 95% in the prior three years before she was appointed. and women ceos are 45% more likely to be fired than their male counterparts according to a 2018 study men and women are fired at the same rate at a company when that company is doing poorly, but women are fired at a much faster rate when companies are performing well, according to this study now, the theory of those researchers is that when a company is performing badly, the decision to fire a ceo seems obvious. but when a company is succeeding, there's ambiguity

about ceos' leadership and board members are more likely to decide that a female ceo doesn't have the right leadership qualities. carl, still quite a bit of work to do before we get anywhere near equality. back to you. >> some definitely damning accusations in the study julia, thank you i wonder what you thought of goldman's take in davos. >> if you take what julia just said, if there were more female board members, maybe we don't reach that conclusion that a female ceo doesn't have the right leadership qualities while it's a fairly small step, what david solomon did was important in saying they have power in the marketplace, a certain amount of prestige to have goldman take you public especially if you're not a top start-up if they can dictate people do this, it's the right thing to do >> have you seen boards start to diversify? >> a little bit. we invest in series a so it's a little different thing they're nowhere near going

public that's like my dream, for it to go public. but, vesting more and more in female ceos >> joanna, these things matter over time, i think, at a time like this when stocks are at all-time high, i expect a lot of companies to put in female ceos, that whole glass cliff thing, how much better can things get i don't have an issue with when the stock is down 95% because there's room to turn things around what do you see happening? it seems to me like not that much has changed in the last 15 years. there was carly fiorina, a bunch of female ceos 20 years ago. >> meg whitman, a comeback story for her. what i like about the story is what they're saying has been good for business. we're seeing ipos with female ceos or female board members accelerate the business growth we're seeing good results from that that's the best argument we can

have, women can have >> often when companies are willing to not keep doing the same things the same way over and over again, right, you get different results. sometimes better >> a lot better. >> finally, is it true that you are trying to get famous on ticktock >> that's why i'm here on cnbc >> promote ticktock? >> i heard you guys are all ticktock famous and that's why i'm here >> what is your impression of ticktock in general? >> i became fascinated with it because my younger 'cause sirn showed it to me and speaking to me like i'm hard of hearing, can't understand this thing she's telling me i have to use i became fascinated with using my own free time and how quickly the algorithms learned what i wanted to see and watch was fascinating and also incredibly scary. how quickly it was learning by me swiping away, i don't like to see that video, i want to see this video, and that's why e i'e been spending, i'll admit it,

maybe 50 minutes a day on it >> what are you watching >> i don't know if i should say that videos lots of funny pets there's lots of variety. what i do think is really interesting, we all think i would's all dancing and lip syncing, that's not what i'm seeing in my feed anymore. >> cats dancing and lip syncing? >> pigs. >> iguanas >> but also it knew i was interested in millennials, somehow i was a millennial, people on there making fun of themselves, talking about their jobs, a lawyer giving legal advice to kids really interesting stuffer here. very similar to vine, that social network that was super popular because of the shortness of the clips you don't feel like you're investing that much. >> just 50 minutes a day >> just 50 minutes >> just 50 minutes >> an hour >> i'll show you my dog on air that's why i came on i think also for people to understand the meme culture is super important. i wasn't -- i didn't understand

how this was spreading among these age groups and how it gets them to create content another great thing for ticktock look at all these people making content. >> should she be nervous from a security standpoint? >> definitely from a time management standpoint. my 10-year-old, he has limits. absolutely from a security standpoint >> doesn't sound like you're doing anything on there deeply personal except to your dog. >> my dog is heavily featured. i'm worried about china and the relationship with my dog for sure >> the reality of the platform is incredible. one of its secret powers thanks, good coming up, intel's ceo bob swan. our interview following intel's quarter is just moments away and later, the secret company that might end privacy as we know it, as if that's not over already we'll explain. "squawk alley" returns in two. ,

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intel back above 9% for today, closing in on 70. one of the highlights of earnings season so far we'll talk to the ceo, bob swan, on the other side of this break.

good morning guys. usually i go by the name soso. i am a chief... solutions engineer. the more you push yourself, the more confident you're going to get. and the more confidence you have, the more people are going to listen to you. especially as a woman in the industry. you need to actually just make sure that you push it. ♪ ♪ cisco. the bridge to possible.

welcome back the big earnings mover of the morning, intel, shares jumping after a beat on the top and blm lines, a raise of guidance, the stock withinabout $6 of its all-time high back in the fall

of 2000. now intel's ceo, bob swan, joins us on cnbc good morning >> good morning. how are you today? >> not as good as your stock but i'm doing pretty well. i have to ask, you talked on the call last night about what drove this, said that it was mostly megascale cloud providers. what is it about the dynamic with that class of customer that makes them so hard to predict? >> yeah. i mean, first, just to recapture the demand for our business in the fourth quarter was kind of across the board we had strong growth in the cloud. we also had strong growth with our com sector or the network as they prepare for 5g and strong growth of our iot business, our businesses at the edge so we've been on this journey for drive deg maing demand withe compete vehicles across the platform we saw strong growth from all of

them cloud was the largest grower, growing almost 50% what we've experienced with the cloud service providers around the globe is they come in big spurts they buy a lot they ingest it they consume it. they suspend their buying, and then they come back in big waves. q3 was strong with the cloud players, q4 as well and we expect that for q1 >> what are the broader indicators you look at are there broader indicators you look at to be able to tell whether they're going into investment mode and buying from you more or whether they're going into digestion mode? >> the first one, the most important one is what we characterize, jon, as this insatiable appetite for data and the amount of data that's being created and consumed both in consumers and in enterprises that is the ultimate demand

signal that we're trying to determine. what it suggests is the outlook for the medium and long term is going to be very strong. everybody wants more and more data the implications of that data is they need more compute, they need more storage, and they need to move data faster. that's what places demands on the cloud players. and then from that, real strong long-term trends, we try to look at historical patterns with each one of our customers about when they're buying and when they're ingesting and aggregate that to give a view as to how we see demand signals it's a bigger and bigger part of our business, and the demand signals are somewhat lumpy so as we talk about going forward in our outlook for another record year in 2020, you know, we have very clear short-term signals and not as clear as we go to the rest of the year >> that's what i wanted to follow up with

in the second half you projected soft nness in that area among others is it just plain caution or something in particular you're expecting in the megascale cloud space that will slow down in the second half? >> well, i just go back to we're expecting medium and long-term very attractive trends in a universe that needs more and more data. how they then buy equipment comes in spurts, and we're trying to read those tea leaves when we look forward in the aggregate we're looking for strong growth but it will be stronger in the first half our expectations at this stage is it may be a little softer in the second half and we want to be cautious as we look at these demand patterns throughout the course of the year >> speaking of reading tea leaves, bob, i'll ask you to read some larger ones. some are looking at your quarter and saying it's the first sign of a long-awaited rebound in broad cap ex

any signs you could go along with that? >> well, i think we've seen for a while, and this is particularly with the large cloud service providers, their growth rates have been very strong for a while and, again, the demand for compute continues to grow. the implications of that is the industry needs to build out more and more capacity to deal with that growing demand. so we've been seeing it for a while and the expectations for the first half of the year is the capital spend willing increase for our large cloud service providers. >> to follow up on carl's question, are there things more broadly, policy, whether it has to do with trade, whether it has to do with changes in tax law that you think are spurring your customers to buy more now than they would have otherwise? >> you know, we saw policy

oriented waves impacting our business in the last couple years, but at this stage, we see more fundamentals, just more fundamentals, the demand for compute. that's what's really driving the overall demand requirements for the products that we serve, whether it's in the cloud, whether it's at the network, and whether it's at the edge and keep in mind that the way we see the world today, jon, is everything looks like a computer our historical business was selling compute into pcs and servers, but that's not the universe we see now. we see our homes look like computers, our automobiles look like computers, factories look like computers, retail stores look like computers, so more and more compute is happening and it's moving not just strong growth in the cloud but i would's moving into the network and it's moving out to the edge. all these billions of devices

that need to process data and be connected to each other, that's where we see the ultimate mdemad growing medium and long term >> intel is famous as a manufacturer your process, leadership, historically but as you've admitted, you've tripped up recently, fallen behind where you had expected to be, and yet your stock is approaching all-time highs so what kind of details can you give investors about exactly what intel is doing to get back on track i know you're ramping up ten nanometer now, plans to deliver seven nanometer end of next year at the same time, tsmc is talking about delivering on five this year. how quickly can you get back on track with your process technology >> well, we've talked about this quite a bit. we learned a lot from the migration from our 14 nanometer

to our 10 nanometer. it took longer than we hoped and expected there was lots of learnings for us there from those learnings, what we said is we believe we can get back to a more locked cadence of introducing a new note of every 2, 2 1/2 years that means we're ramping 10 nanometer and we expect to launch several products during the course of this year as we scale that out across all of our product portfolio. then we also indicated that 7 nanometer we expect to launch at the end of 2021 while we're also investing in 5 nanometer so our focus is on recapturing process technology leadership as we expand the role we play and the products we build to serve this increasing and growing tan. so real good improvement during the second half of 2019 and our expectations is that will continue in 2020

>> bob, as you mentioned, the different universes of computing, cars, retail stores, homes, my first question is whether or not you see yourself adding more built-on acquisitions as those universes expand >> yeah. i mean, i think, carl, the way we've viewed these three key inflections for compute that we think will have a dramatic impact over decades to come, and they center around 5g, ai, and the intelligent edge autonomous vehicles is i think the biggest opportunity that we see. so we are continuing to invest both organically and most recently inquisitively in the space of ai with an acquisition we made in the fourth quarter of havana, which extend our portfolio ai-oriented products

with mobile-i, we continue to expand the role it plays not just in ai and compute vision in the automobile but playing a broader and broader role for the oeth oems as they deal with increasing requirements from their customers. we're two years into this mobile-i acquisition it's been a wonderful conversation of an innovative company coupled with intel's technology where is we think autonomous vehicles will be a significant opportunity for our company going forward. >> talk about the 5g ram we've talked in the past about how there's an opportunity for intel at the service provider level as their equipment gets smarter to lay the groundwork for 5g is that ramp hatching as you expected first within the u.s. and how much upside do you see

potentially this year in service provider based on that 5g rollout? >> yeah, i mean, first, at the networks itself over the last couple years we've been working with the telcos, upgraded their infrastructure by bringing more and more compute to the network infrastructure with software-defined architectures that enables them to rapidly roll out 5g capabilities and we really see that starting really to a little bit in the fourth quarter you saw the come segment growing at 14% that would be a much bigger source of growth as we go into 2020 so it's ramping up we're expanding the role we play in the network to take advantage of these pipes that will enable more compute at the edge and faster -- better latencies as we

go forward big opportunity for us, and we've been investing quite a bit in it the last couple years. >> some rumblings out of europe that if huawei's participation in 5g networks over there is controlled and slowed, is a restriction on huawei a potential head wind for intel in that arena >> no, i don't think so, jon i think, you know, we're at the early stages of deployment we got a real strong backlog with three of the tems that participate in deploy 5g g around the world we see real big opportunities and there will be ebbs and flows, but 5g is going to happen, it's here now, and the opportunities for us have been fairly significant >> labor market-wise, your search for talent, either retaining it, finding it, where are you?

are you going to continue to hire at a certain pace are you slowing that down? what do you see happening in 2020 >> i think it will be fairly similar to 2019, and that is the war on tam will continue to be intense. we think intel is a great place to work. we have over 100,000 of the smartest people on the planet building exciting products, having a big impact on the world, and we'll compete for talent as we go through the course of the year and be making all in smaller investments in some areas and much bigger investments in others as we see the opportunities unfold in front of us. >> what do you see happening with china's growth specifically we talk about megascale. often we don't mention the big china players but there are many of them and of course they're scaling out 5g over there as well, and there are some opportunities for you. did you see china slowing down over the course of 2019? do you feel it ramping back up

>> china's been a very big market for us on the enterprise side, the pc side, and on the cloud side there's large cloud service providers that are big customers of ours, so it's been a big market it's been a little more stable of late. i think the more cooperation that we see happening between the two governments, the more progress, the lower the tension s, i think the more deployment of capital for new areas of compute growth it's a big market for us and it's been growing and reasonably stable of late, and we expect modest growth for 2020 >> all right bob swan, intel's ceo, on the heels of earnings that fair to say impressed the street that stock has been up better than 8% today. thanks for being with us first on cnbc. >> thank you very much

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i feel like we had this in the '90s, "real world. >> maybe this looks like your average family suburban home, but it is an experiment in the shared economy. a start-up called bungalow is partnering with landlords to help them rent out their homes room by room so it's kind of like a boardinghouse with a few new twists alex redding and abby were complete strangers when they first toured this house over a year ago but they promptly moved in together, along with three other strangers. >> it was perfect for me because i was moving down here for grad school and didn't know anybody >> they found the home through a start-up called bungalow, which rents rooms out in single-family homes. they work with landlords renovating the homes and funishing the kitchens and common rooms each renter is on a separate room contract and the sum of those rents is more than the average rent on the whole home >> basically we're able to look at 40%, 50% higher rents that allows us to work with

homeowners and so we can actually create a higher revenue stream for them. >> reporter: bungalow also helps roommates prescreen each other by sending them to happy hour. >> i think bungalow does a good job of building a community of like-minded people in the same sort of age range and sort of experience >> reporter: last fall, the company announced $47 million in new funding, bringing total funds to $68 million collins expects that will help them scale to more than 12,000 residents by the end of this year the tenants pay between $800 and $1,100 a month depending on which room they get. bungalow takes care of the utilities, the lawn care, the maintenance, the wi-fi and the tenants pay one small fee for that each month as well. jon? >> well, diana, it's a fascinating concept. it reminds me of some of those mtv reality shows. any potential trouble here with discrimination if you're sending people to

happy hour, someone may not want to room with someone because of how they look. >> reporter: well, i mean, that's a possibility but they all say -- we've seen a lot of diverse people in the home already and they say they go out it's more about what kind of person they are, what hours they work, and less about i think who they are as themselves so it's a possibility that there could be discrimination, but that's not what we heard from the tenants in this house. >> easy to draw a line between this innovation, diana, and sort of the numbers you brought us on existing inventory, supply, and pricing earlier in the week? >> reporter: absolutely, carl. we have a huge shortage of homes for sale causing an affordability crisis e kwhn you start putting more people together in a home like this it helps with that affordability because these guys are paying $800 to $1,100. they're getting a whole house with a basement, beautiful living room and kitchen area they would never be able to afford if they were renting eve an one-bedroom or today owe apartment. >> great story by diana. right in your wheel house.

watching bungalow today. as we go to break, if you can't get enough "squawk alley," and who can, really, watch us live or anytime on the go on the cnbc app. you can download that today. dow's down 38, aiming for four days down in a row rick santelli, what are you watching >> i'm continuing to watch rates act on the soft side and violate some of the intraday lows from january 8th. tethbrk. ls bout thoseow afr e ea a golf course is designed to be difficult. to challenge your thinking and test your execution. but great minds are driven to seek out the complex. they see what others don't, from an angle others won't take. they learn that embracing those challenges is what sets them apart. i am justin rose, and we are morgan stanley.

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let's get to rick santelli and "the santelli exchange." rick >> good morning, carl. you know, we continue to see so many issues affecting the markets, but some of them are a lot easier to deal with than others remember those periods of uncertainty, whether it was trade or a variety of foreign policy issues? well, in many of those instances, investors seemed to see through the uncertainty, because they really felt quite confident, take trade, for example, that a deal would get done so the uncertainty leading up to it was much different than the type of uncertainty the markets are feeling as rates and stocks careen on corona that uncertainty is hard to wrap your arms around, and there is no high probability of certainty as to how it will turn out markets don't like uncertainty, but uncertainty outside the comfort zone is really something quite unique we've seen a few experiences of

that in the past the other big deal, of course, is how do we deal with the bearishness in rates that really has ensued for all of 2020 let's look at two charts pap two-year note charts starts on october 1st. the reason i picked october 1st is because we are at levels we haven't closed at basically since early october. however, not everybody sees it that way because on january 8th, we had an interday low of 148 in twos we still haven't traded through that the point is that the bear market really did start many weeks before many charts seemed to have adjusted to given their bias to look at those interday extremes we should have gone short rates when we failed to get above 2% and slipped back under 190, which means you would have 21 basis points in your pocket if you were trading tens. let's go to that ten-year chart. this chart starts at the end of november we are closing at levels today,

should we stay at this 169 area, we haven't closed that since halloween, but the issue there is quite similar to two-year note yields. the interday low on january 8th was 1.70, so that became a big deal even though the interday low was at $1.70, we settled that day at 1.80 just like the twos the long and short of it is the close is what most technicians base their big strategy recommendations on, and you really need to continue to be looking for rates to potentially in a ten-year test to cite the lows around 146. finally, equities continue to march in lock step with central bank balance sheets. yesterday, thursday afternoon, we learned our central bank's balance sheet is peak around $4.4 trillion. we have reversed all those gain

wes immediate on reducing the balance sheet because we're not doing qe but we are. the point is if you take our central bank's balance sheet or the cumulative balance sheets of all central banks and you look at it, since the recent volatility over the last several months, we are moving right up just like we have for years before the u.s. central bank tried to snug up rates in that very short experiment. so no matter what positions you're looking at, two recommendations. if you want to stay long stocks, look for balance sheet growth by central banks. number two, if you want to be on the right trend, prioritize closes jon fortt, back to you >> all right rick santelli, thank you very much when we return, we'll talk about the technology our next guest says might lead to a dystopian future is this the end of privacy as we knew it? we'll tell you after the break he wanted a man cave in our new home. but she wanted to be close to nature. so, we met in the middle.

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a secretive company that might end privacy as we know it. helping law enforcement match the photos of unknown people to their information on line, clear view telling the company to stop using its data dave is here to talk about this.

the piece was disturbing in that it talks about potential weaponization of technology, secretive company. what should people know about the company after they read this piece? >> what you should know is they are working for law enforcement making for a safer better society. it is interesting, on your show you were talking about being tick to be famous. then the ceo was talking about autonomous vehicles, artificial intelligence what it tells you there is an explosion of digital photography and images all over the internet you can google words or use shazzam to recognize voice now you can use clear view to recognize photos you can clear view someone and find all the places on the internet where that photo shows up that's the power of the internet, the power of sharing information. >> your point is we are already there. all the fears about privacy going away it is essentially been eroded in audio and soon in video form. >> absolutely.

humans are social and share information. now through the internet and digitization that information is being created and shared like never before we have ooms vehicles. we have drones flying over your heads. cell phone data, credit card data all of that data is readily available, let alone voter registration information and property taxes and background checks that information is becoming more and more available. what people need to fight for is not the ability to be hidden but the ability to be left alone that's what we need to focus on with our government is while you may know what i am doing don't bother me, let me live my life freely. >> i am almost with you. >> okay. >> in way this seems no different than fingerprints or driver's license photos if it is law enforcement that has access to it. >> sure. >> but once it is any company that can run a search on a face and start offering that as a service, not only can i see there is somebody at my door but i can get a sense who have it might be, that gets weird.

should there be restrictions on who gets access to these kind of privacy destroying algorithms in technology. >> remember, most people put information on the internet because they want to be found. they don't want to be found. >> by somebody but not necessarily by everybody >> by most people. you have your own twitter profile, you have your work website which shows your face. >> maybe i want to be found on twitter but i don't want to go to my neighbor's door and have them know exactly who i am before they answer. >> if they take a picture of you and they see your work profile i don't think that creates a problem at all it increases transparency. when you increase transparency you increase trust and when you increase trust you increase the likelihood of more meaningful relationships. sharing information i think brings for a more connected society a better society. >> are you investing because of the potential good in fighting crime or what have you or just because you see a ten

bagger in the offing >> it is certainly both. you can do well by doing good. it is not one or the other we have investments in food technology companies like plenty, which is bringing fresh and nutritious fruit or companies like ecospears, which are bringing clean water clear view is doing social good and helping people and yes, i think, you know, google made a lot of money by indexing the webb by word searches clear view is going to do the same thing indexing the web with pictures. >> when you say transparency is good. >> yes. >> often it is facebook is saying connecting and sharing is good. but not always what if there are people wrongly convicted of crimes or rehabilitated and now they are walking down a street, a store camera picks them up, identifies them and they don't want to let them in because they had a misdemeanor 20 years ago could it lead to judgment without context?

do there need to be limits on this >> i think there needs to be laws around that stuff there should be statute of limitations how data can be used now information. the solution to the problem you pose is not to limit but to prevent discrimination to be left alone by government. >> not all governments are going to behave the same. >> unfortunately but when we come together and know who our neighbors are we are stronger than if they keep us separated and alone. >> we will talk again i have a feeling. thank you for coming in and shedding light on the piece. >> thanks carl, thanks jon >> one more thing. after the break, we'll explain next legendary terrain in telluride,

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only at universal orlando resort. stay at an amazing universal hotel with rooms starting from $79 dollars plus tax per night. restrictions apply. it's news alert on boeing. not what you might think let's get to phil lebeau. >> [. >> sorry, we are not able to hear phil lebeau we will get to his news again soon moving on, though.

on this day in 2006, walt disney announced it would acquire pixar. $7.4 billion carl, i remember that day well i was working at the san jose mercury news doing some business editing. and the question was, could pixar continue to churn out hits keep in mind back at that time they had not yet come out with cars, ratatouille, wall-e. up, toy story 3, et cetera, et cetera they continued on the crazy run. it doesn't look as expensive now as it did back then. >> people were wondering what phil was trying to tell us the company is canning what was initially i think a bloomberg headline considering a cut of the dream liner 787. doesn't involve the max. that brings the boeing shares down about 1%. we are down 100 points on what

has been a troublesome session for the tape in large part because of the new confirmed cases of the coronavirus in the united states w. this, the dow would be set to close down four days in a row. hasn't done that since august. you would be looking at the worst week for the dow since late november. >> intel is up 9%. trying to pull it in the other direction. >> right next week is going to be huge. between earnings, gdp, inflation and the first fed meeting of the year let's get to the judge. carl, thanks i am scott wapner. front and center this hour the rally. no matter what you throw at it, nothing has been able to derail it not negative earnings. not a global health scare. not impeachment or it seems anything just yet. so is that a sign of strength or a top? it's 12:00 noon, and this is the halftime report. >> announcer: the record rally is rolling on. but is this market becoming irrational intel knocking it out of the park is the bottom ends for semi