what could argue -- i will getting to patients in record time. argue, china is setting the bar on scale and data collection we see harnessing natural gas when it comes to ai. unleashing the promise of clean energy. >> yep. we see engineers simulating the future to improve today. good morning, it is 8:00 >> forcing responses like the at emerson, when issues become inspiration, a.m. at twitter headquarters in focusing core strengths to create a better world isn't just a result, it's a responsibility. trump administration, the idea san francisco, 11:00 in new york of investing 5go scales and emerson. consider it solved. and "squawk alley" is live ♪ taking charge. in the meanwhile, setting the bar from the other side. the unparalleled landscape of park city, in the past the u.s. set the bar or the famed peaks of whistler, on innovation but could the u.s. you've faced the hassle of lugging your gear through the airport. innovation end up getting with ship skis, squeezed between china and you're just a few clicks away from having your skis, snowboard and luggage europe >> yes, and what you're seeing shipped from your doorstep to your destination. on the eu front, and that's a with unrivaled pricing, great insight, the players without regulators on their real time tracking ship skis delivers, hassle free. backs and ability to go as fast as possible, are going to deploy ship ahead and go catch those first tracks on fresh snow. the most innovative solutions. good wednesday morning welcome to "squawk alley." if that means china's government ship skis. your skis. delivered. saying,ing hey, chinese ai companies, go, we're not going at the new york stock exchange, to look at the ethics or rig we have highs at the s&p and nasdaq but starting with the moves out late you at all, just win, get of the eu.

there first, you're going to ia lan mui has more from juan. have the best ai solution. >> there are new ground rules it's going to be hard not to for competing in the digital economy. new proposals out today are deploy the best ai solutions because you will have better answers than the competition that's a real vice and real conundrum five, ten years down large floikoused on eai high-rik the road as facial recognition applications that face more software, health analyses, loan, stringent regulation and that means greater transparency in the data sets, methodology, we use this software that's just notification to users and better at doing it versus this software that eliminates these guarantee of human everysite buy seize, maybe this bank will meanwhile the ee wau wants to ct just be -- perform a lot better than that bank a single market for data, pulling government resources it will be a real vice and real into what they call an ecosystem problem. >> yes, certainly facial of excellence. europe believes it has the upper recognition. china has been on the forefront globally in terms of looking to hand in industrial data. set the policy around that it wants to attract 20 billion technology too, which is kind of scary when you think about some euros of investment every year of the reports that have come over the next decade in just ai. out about how that country is using that technology. as we're having this entire the reason these are being so conversation though, i wonder what it means for investor closely watched is once adopted, capital flowing into new start-ups and new potential companies that are looking at they will apply to companies out of the eu but else where like these technologies.

>> i think the investor facebook, amazon and apple capitalist is smart enough to understand -- again, i will use so facebook ceo mark zuckerberg the privacy regulations as an has been trying to get out in example, it enables new front of these issues, trying to companies to form that can build focus the content moderation but software that helps noir country in the world meet the standards there's a lot of scepticism the of various privacy regulations eu platforms will not step up on that issue or any other, as the i think investors are smart commissioner told our colleagues about understanding these ai at cnbc europe, the eu believes big tech has a special regulations will only inhibit some of the companies, not others i would not necessarily be in there investing in a public responsibility guys ylan, thank you for bringing us the latest out of europe streets camera facial recognition software in the u.s. which has been aggressive towards the u.s. moving forwards right now, because i think europe is doing a great job alley. china is enlisting the help of with these legislations. that being said, the workshop saying we're going to pump the some of the largest tech brakes you can't just see where companies in an attempt to stop everybody is going and somebody could have a database everywhere looking at the communications jon and morgan have been 230 decency act that protects that strikes me as, again, the outbreak of the coronavirus. common sense online platforms for liability outside of some very specific things like facial recognition, eunice yoon has more of users and the like. i think investors still have a >> reporter: their calling for all hands to help fight what is going on with that lot of purview to invest in ai coronavirus, including >> this is known as big techs mechanical ones. liability shield the attorney general bill barr >> autonomy and electronic robots are in the hospital actually had very strong criticism of this law. vehicles, we haven't talked

about tesla here in a while. he said basically the law is not centers, built by beijing's >> wow only shielding big tech, it's we haven't >> with you. start-ups taking their high tech >> stock only up 40% again today. haven't looked at it this morning. to the hot zone. also shielding the bad guys on >> robots do not carry diseases the internet >> how about 9%? he said the law has been and robots can be easily >> you have to give elon credit. expansively interpreted and that means platforms are blinding disinfected. they can face the first front themselves to what it says is 2018 had to have been an line of all patients legal content on their platform >> reporter: and drones are on and hiding behind this law to incredibly stressful year for get away with it the front lines too. him. people breathing down his neck disinfecting public places, he got harassed for everything delivering lab samples and thank you very much. he did urging people to wear masks. let's bring in former he wasn't sleeping, literally. face recognition software and when he's tweeting i'm sleeping twitter chief, it's great to see on the shop floor, he was. infrared cameras now identify and he powered through and he's done it. all credit to him. potential patients like it's just remarkable what they have been installed at the he's achieved and how -- the starnd subways, train stations, you. >> good to see you. profits they've turned in the >> i will start with the eu last couple quarters supermarkets, a backup to regulations, which seem common very few people who have called sense to me. digital methods. that kudos to him. >> do you see this as a escape and big data said they're data transparency, allowing piercing eyes. people to know what's being captured about them and where that's being stored, that stuff companies like china unicom list is all very common sense on the other hand, just getting velocity >> seems like he's getting there. the services you have been to in rid of section 230-b, there's a >> in terms of production. >> yes, seems like he's getting the past 14 days my phone says i have been only to beijing lot more to it than hey, big there on production. fully automated line didn't work abandoned ship all that could pro popel china' tech isn't being held seems to have corrected on that.

accountable for content preorders on the truck are high-tech push. moderation higher than what you would have >> i think this type of work and you get rid of that shield, expected. >> people sort of look add skew companies will be sued every two effort is driving new adaptation at the -- the preorders, put a and technology days any time someone posts few thousand down. anything that may or may not >> maybe get one later. have happened, or may or may not >> reporter: all while fighting be true specifically about them. an outbreak. >> last quarter it wasn't an issue for the cars it sold >> correct, correct. oo facebook, twitter, youtube, i and, again, the piper folks put oona yuns. don't know how you deal with let's bring in keith learner that if you're those companies this in their note the other you can't be diving into the day, what is he going to do on and scott wagner truth and consequences of every solar and energy good morning to you both single post. i wouldn't count that out. yes, it's probably a couple more fresh news, you wrote the nasdaq >> so is zuckerberg the tip of years being profitable from where it is now but he's got high today and we have seen the that asset as well. the sphere is his take on this the way big >> as a former public company pullback a couple weeks with the ceo, how do you process mentally tech will frame it coronavirus concerns but the >> the counterpoint is you have fact we continue to move to a stock move like that folks like twitter trying to if it were a move down, you fresh highs, even as cases and deal with it and thinking about, would be trying to shake it off, well, we will accept these kinds fatalities climb, does it make of political ads but we will right? it's a move up sense for the markets right now? reject these ads from candidates do you celebrate or are you because we can't tell whether waiting for the other shoe to is the worst over? drop it's truthful or not and we >> you know, internally, i think can't be figuring that out every is it priced in? day so we will prevent those immediately about what you do >> first of all, this is a internally, you just have to from happening i think the fact some of the remind the company, hey, you serious humanitarian crisis by other platforms, youtube and know, congratulations on whatever you guys did this itself facebook, are less willing to morning because the company is dive into that is the reason so let's respect that. worth another $10 billion. >> of course. >> from the market what we are 230's being reviewed so good job. and you have to remind them like seeing is that the market is

i think mark and susan at when the stock goes down 10%, giving companies a pass as far it's not because you screwed something up this morning. as earnings. youtube need to be more they know earnings will continue so there's going to be -- to hit but we've seen the aggressive and we're going to do especially with a company like ten-year treasury come down from better and we're going to try to this tons of volatility and, you 1.9 to 1.5 the fed is more likely to cut prevent people from posting know, you can't tell people not things that are blatantly false. to look at the stock price because they're gonna all the time rates as oppose to increase otherwise they risk losing the rates and the equity risk moved shield, and that would be a but you just have to remind disaster for these tech them, we have to focus on our higher all while the market is taking companies. >> for the eu, when if comes to goals, do what we said we're this in strayed, i think going to do and in the long run tech regulation, is the eu now the stock will do what it's long-term trends are still the california, which basically going to do and it will all work positive is willing to be aggressive, out for us short term, i think we have to willing to go out front and kind but try not to get wrapped be more mixed on our short-term around the axle on the of set a bar that then the rest short-term movements because it views. valuations are at cycle highs. could drive you insane. of the world's jurisdictions the cal ratios at cycle lows will have to follow. is that how it is now? >> i think probably, yes >> of course, if you're elon musk, what do you do meaning no one is concerned the answer is probably yes buy more stock as well about the downsides. this is not the only stock chart i think there are still that's been kind of bananas. uncertainties about the effect i think about a name like virgin what will clearly end up happening is there will be lots of this virus going forward. and lots of different levels of galactic, being called the tesla >> scott, your thoughts on the of space right now. regulation you know, the eu will probably >> good time to be called that. market now. >> the market is pricing within be the move aggressive along >> yes, given the fact that the coronavirus now. it may not be obvious looking at stock has tripled from the price with states like california. the headline of the s&p but other countries will have their at which it went public back in pointing out a ten-year bond own regulations that may go october. halfway towards what the eu's i wonder if you have thoughts on done what that's going to enable is that and in general we are coming down 30 base points and starting to see in certain if you look underneath the s&p pockets of the market some of the rise of some sets of sas sas the heavy, more parabolic moves 500, the rotation we've seen over the last four weeks is back in some of these charts.

>> so my partner at o1 advisers to the leadership from last year think of u.s. versus international, growth over adam bane is on the board at virgin galactic. companies that proprietary i actually don't know what's happening there. i checked with adam this value, large cap over small cap. services for companies around morning, what's going on those are big numbers. don't tell me anything you can't certainly the market is taking the world. tell me but what's happening account of the virus >> and the oec wiping out sales and i didn't get any response. it may just not look like it if so i don't know what that means you look at the top line other than maybe he's on numbers. >> keith, what do you think are tax and things like that the most important forces in the vacation or something during can you see things like this market that are counterbalancing taking place around big tech presidents' week. be. >> it's hard to tell what will the covid-19 coronavirus happen there >> good fiduciary. spain announcing a digital concerns how stable are they? are you taken back at president services tax of 3% are there things causing there's only 100% of revenue, so trump's trolling investors to take heart and at some point if every wucountr because it's getting crazy shrug off the virus, that if wants to tax revenue, your total >> i think just to be perfectly those things weaken, we can see revenues inside the country by a leg lower? some percentage, you run out of blunt about it, the mayor >> sure. i think the biggest, especially understands how to get under the revenue. president's skin and it's from a u.s. market perspective you know, it's like, there's probably not a bad strategy. only 100% to go around ve in ef? >> different kind of race. >> right. >> different race than twitter is the amount from the u.s. to was built to carry >> where were these people in china is still relatively low. 2012 when i was running the look at the permanent data today, new cycle highs is a long company? you know, everyone -- obama was calm and polite and not doing indicator. and as oil prices come down, any of this stuff. that's all good for consumers.

help a brother out this is a positive for u.s. markets and we're still >> dick, thank you somewhere in this period where always good stuff. good to see you. gik cost allow no alternative that's buffering the downside let's look where we stand i think we will get a pass over the next month or so across the averages. a lot of green both the s&p and nasdaq hitting but right now earnings for this year are around 175 and starting new record intraday highs. to bleed lower if we start to see worst dow al3 now. expectations, worse than what we will detail the best value plays in tech. plays in tech. that's coming up nexakt.rough ms people are already pricing in, i think that's the risk for the market as we move towards march and april. >> scott, given the moves we have seen in rates, treasury yields, in recent weeks, what is the bond market telling us right now? >> it's telling us that they're coming around to the idea of the fed -- in order for the fed to hike rates over the next three, four years, the bar is incredibly high. i heard earlier with santelli, he's talking about the fact the reaping of the highest levels with the fed, and he's absolutely right but that is really underappreciated in the market right now. when they're rethinking how they

are actually measuring inflation, that's a really big deal and if they're going to measure inflation on more than an average basis, that means that the pessimists we've seen over the last five, ten years on the inflation side make the bar to raise rates actually really, really high. the fact we're having lower rates isn't really telling you we're having a growth scare or anything like that the drop in rates we've seen with the impact of the virus has really been exclusively due to the term premium that's telling you that's a bit of a fight to safety and also the market coming to grips with the fact the fed, along with other central banks around the world, are not ready to raise any time soon. >> keith and scott, thank you for joining us today >> thank you still to come -- the biggest earnings mover of the morning by far is groupon it is cratering this morning, down more than 43% we will break down what went e eaafr is past quarter te thbrk. but we're also a company that controls hiv,

fights cancer, repairs shattered bones, relieves depression, restores heart rhythms, helps you back from strokes, and keeps you healthy your whole life. from the day you're born we never stop taking care of you.

it's got all my favorite shows turn oright there.boom,

i wish my trading platform worked like that. well have you tried thinkorswim? this is totally customizable, so you focus only on what you want. okay, it's got screeners and watchlists. and you can even see how your predictions might affect the value of the stocks you're interested in. now this is what i'm talking about. yeah, it'll free up more time for your... uh, true crime shows? british baking competitions. hm. didn't peg you for a crumpet guy. focus on what matters to you with thinkorswim. ♪

shares of groupon could be a groupon this morning they're shares are 40% off deed ra bosa has more. >> the company was once valued at more than $16 billion currently has a market cap of less than $1 billion on the analyst call this morning, ceo rich williams put it pretty bluntly -- >> our fourth quarter performance was disappointing by nearly every measure failure to meet the expectations we set will undersure our investors as it has us. >> it's turned groupon into a local experience marketplace, a major retreat for a company that once wanted to be a shopping platform so what happened here? steep fees that hurt its relationship with vendors, bargain-oorntsed customers unwilling to pay off and

competition from bigger tech, which groupon foresaw and listed in the risk factor in the 2017 ipo. and a challenge from other tech darlings turned dud, apple, amazon, alphabet, facebook, moving beyond core businesses and eating lunches blue apron last night said it's exploring strategic options including a sale since it went public in 2017 at a nearly $2 billion. it's faced competition from the amazon whole foods juggernaut and others there's also fitbit facing off against apple in wearables, has lost 80% of its value since its ipo. go pro shares are down 90% from its 2016 debut and sewnous has taken its battle to the courts suing google over patent infringement and speaking out to antitrust lawmakers. as it gets bigger and reaches trillion dollar market caps, big

guys are cutting smaller rivals. >> and pairing this together on a story we were talking about yesterday, all of those companies that you mentioned for the most part had opportunities to get bought out by bigger tech and didn't take them except fitbit is getting bought out by google right now in the wearables category i find that interesting because right now regulators are taking a look back at the smaller companies that big tech players actually purchased and try to make, i guess -- see if there's some kind of case there's stifling innovation. there's the innovation there look at the groupon stock price, right? >> that's a great point. now with groupon shares plunging 40% just today alone but it's long decline, analysts are talking about a takeover merger once again i think red bush said potentially there could be a yelp/groupon pilot but you milwaukee a goake a goot >> once it's clearly on its last

legs, it's okay to buy it. but if you succeed, maybe you shouldn't have done that. >> look at fitbit, right now it's under investigation will google actually be able to acquire it so there are discussions and when you think of some of the other ones coming to market now, could they have a tougher time being acquired with all of the different scrutiny >> just to go back to groupon quickly, they said they're exiting its goods business, which historically been the business of higher profit margins and the way groupon is able to drive higher customers to its offerings on its platform citing fiercefully competitive and in some cases irrationally economic landscape is that a reference to amazon? >> yes, amazon offering more and more deals, honey, acquired by paypal ebay.com, acquired by rat u

tack so i mentioned some of the things earlier, groupon historically has come under fire for taking perhaps too much in terms of commission. its customers are just not paying up. they're going to other platforms. so there's a number of issues here but you have to wonder with the market caps of less than a billion dollars and folk using on the experiences' side, where does it go from here >> yes, share price under $2 as well now thank you both for the latest on this the european market just closing. seema mody has the action from overseas. >> overlooking the eu's proposed tech regulations, stocks are reversing yesterday's losses thanks to a rebound in apple suppliers following the iphone maker's warning yesterday, up about 4% as we pivot to german retailers, puma and adidas said the coronavirus resulted in delays

and store closures p puma saw sales decline but said puma will be able to achieve its fiscal 2020 target so burnley betting on a rebound in the second half of the year that's why the stock is up about 8% today taking a step back andlooking at the performance of athletic apparel stocks over the past year, puma really in the lead, followed by adidas and nike up 22%. finally guys, h&m, the swedish fashion retailer, stock is up sharply after announcing a management reshuffle its ceo stepping down after ten years and coo helena henderson will take the job. back to you. >> thank you very much, seema. session highs here, we're at 33.90. let's get to courtney reagan at hq. >> here's what's happening this hour attorney general william barr has no plans to resign, according to the justice department this following multiple reports barr had told friends he considered resigning over tweets

by president trump about justice department investigations. jury deliberations entering the second day in the second assault trial of harvey weinstein. the former entertainment king is heading to wait for the result of the jurors. and government plans to rein in emissions of nitrogen oxide farmers say they're unfairly being targeted while other industries like aviation and construction are major polluters. for the second night in a row the skies of northern finland were lit with the display of northern lights this time of year the best time to see the northern lights because of solar wind activity above the arctic circle. that's your cnbc business update let's get back to "squawk alley. i hope to see that one day. >> me too, courtney. getting a boost as bernstein goes from 300 to 360

said it's obvious not growing more sooner was an error stock is at $310 stay with us that was my business gi, this one's casual. (vo) get set up right with a live bookkeeper with intuit quickbooks.

and when you open a new brokerage account, your cash is automatically invested at a great rate. that's why fidelity leads the industry in value while our competition continues to talk. ♪ talk, talk

semis are rebounding after a down day yesterday thanks to apple's warning. you have names like skyworks and broadcom getting a boost nvidia, as we said earlier, upgrading with bernstein joining us with the value plays

in the sector, it's good to see you both today mitch, if i told you a month ago apple production halted, global supply chains locked, mobile congress essentially canceled and we would be looking at prices like this, would you have believed me? >> i think i would have actually i don't think there's big difference pushing out a quarter in terms of the smartphone demand i think the bigger concern is the phones sell through q3 because people are banking on q3 phones being good once we get through this coronavirus concern. that's why we're still more positive in the data center names like amd, nvidia, and aei has solid numbers this morning so i think you want to derisk yourself of supply chain issues but it's not necessarily surprising people are buying in the dip. >> so the data center is driving your thesis, right >> data centers are primary for 2020 and that's why we're

logging amd, nvidia, with our full upgrade product and memories as well, like western digital. >> vijay, how about you? >> it affects me but not just hand s.e.t.s but automotive, pcm data centers are all affected, industrial included. but what investors are looking for as you see demand getting pushed out, the numbers may be flat you will see a pick-up as demand gets pushed out by june. all of those names, micron, xpi, all of the automotive names. anyone on the handset side on qualcomm, and memory itself is pretty tight

and china is down 20% year on year they are going into almost a month shutdown so the comps will be even more disastrous that said to pc get pushed out, not destroyed. so it's a deferred command there. >> mitch, we were already seeing a pause in smartphone demand in china ahead of 5g phones and networks being available qualcomm's talked about that the last couple quarters now with the covid-19 coronavirus issues, i and wonder if the buildout of 5g in china will be significantly slow this year they have planned to spread it to all of the major city areas and if that will have any impact on semi demand >> i think that's a good point i think that's why we're more positive on actually the infrastructure or companies like qualcomm with good sfraur buildout

if you look, there's not a lot you can do with 5g if i give you a 5g phone, i'm not sure you would see a big difference, aside from maybe streaming games or faster-streaming video but the infrastructure side will be built regardless of whether the apps are on the device that is why we're neutral on the smartphone side and positive on the data center side. >> go back to the demand gets pushed out to the middle of the year, when you talk about the impact of something like coronavirus on restaurants and travelers, some of the other sectors, one of the key questions is how much can be recouped so i ask you that same question where semi conductors are concerned, you see halts in production and you see delays. is it something that just gets pushed out and ultimately all does get recouped? or do you see some of the demand go away? >> yeah, thanks. i think when you look at restaurants, that's immediate

consumption. but when you're talking electronics, datacenter demands, 5g picking up, this is more of multi areas. and the other side, the demand is more sustainable and enterprise will tend to come back 5g will happen because the long-term strategy we think both will sustain much more than more immediate consumption plans like food are responding. >> guys, thank you very much vijay and mitch, see you next time. >> thanks a lot. and a reminder as we head to break, sometimes you need just a little bit more "squawk alley. but you're on the go and don't have your tv with you? there's an app for that. cnbc app, download it today. ♪ mr. big stuff who do you think you are ♪ what ?

we see a billion more people breathing free. we see access to fresh food being the global norm, not the exception. we see homes staying cooler, without the planet getting warmer. at emerson, when issues become inspiration, focusing core strengths to create a better world isn't just a result, it's a responsibility. emerson. consider it solved. and when you open a new brokerage account, your cash is automatically invested at a great rate. that's why fidelity leads the industry in value while our competition continues to talk. ♪ talk, talk - when i see obstacles, i create opportunities. (soft music) - when i see adversity, i find a way. - when i hear never, i say now. - [announcer] southern new hampshire university is education made to fit your goals with over 200 degree programs, flexible class schedules, and some of the lowest online tuition rates in the nation.

(cheering) - so when i face barriers, i can break through. - [announcer] breakthrough at snhu.edu. with a nation-leading $150 billion commitment

to infrastructure, we're creating state of the art, 21st century transportation hubs, constructing new bridges, bringing high-speed internet to every corner of the state, and committing to low-cost clean energy. with infrastructure built for the future, the companies of tomorrow can thrive here today. see your future at esd.ny.gov. this is america! how many of you people want to pay for your neighbor's mortgage that has an extra bathroom and can't pay their bills? raise your hand! president obama, are you listening? >> how about we all stop paying our mortgage it's a moral hazard. >> this is like mob rule here. i'm getting squared. >> we see a chicago tea party in july all of you castists who want to show up in lake michigan, i'm

going to start organizing. >> rick's infamous rant back on this day in 2009 let's get over to rick santelli. feelings like it was just the other day, doesn't it? >> it does i think i might be wearing the same tie that was 11 years ago. all i can say is, you know, i can say a lot but i will synthesize it. basically 2007 to today, 13 years, did anybody think back then when the government said we have this under control, we're going to do these bailouts, we're going to pick winners and losers, we're going to take the whole notion of individuality in this country and move it to collective and everything's going to work out, well, 13.5 years later look at entitlements, deficits, how the government is responding today's housing numbers just got back up to where we were in '07. i guess what i'm trying to say is when the government tells you they saved us from the world's worst possible outcome, what i said back then -- and i still agree with today, and it was the reason i lost it that day, is all we did was stretch out the

paint over a long horizon and we made certain people pay that shouldn't have enough said. let's get to the 3d today. data, debt, dollar on the data, wow, you can't go wrong today. look at our data for january on ppi. headline was up .5 best since december '18. trust me, there's not many numbers above that .5 or this one up .7. it's extreme when it comes to core, and do remember in 2010, we changed how we calculated some of these. so the database for apples to apples only goes back to 2010. having said that, today's up .5 on core is the fifth time we had an up .5 we never had higher. let's look at housing starts and permits month over month 1.576 million, best since december 26th. it's not the highest, the second highest.

slam month's smith difference was the highest. both since '06 looking at permits, 1.15 million easily adjusted unit, best numbers since march of '07 not only does it show us when government has a crisis, they never do the right thing but at least we're getting back to about where all of that began. here's the point, though, terrific data, but what happened well, let's look at the intraday of the ten-year note yields. remember, here's where we settled, 156 the high yield was 185, basically right after the high number we're virtually unchanged after those data points. let's look at the intraday of the dollar index keeps going higher right now it's at 33-month highs. going back to may of 2017, this is the way this chart should look they should all correlate with data why doesn't it obviously because cds, you know, the people that saved us morgan, back to you.

>> rick santelli, thank you for the insight. and reminder of that anniversary of your call for a tea party too. do not forget about space. look at shares of virgin galactic up another 12%. another surge taking up almost 200% since the start of the year alone. a lot more "squawk alley" is straight ahead fights cancer, repairs shattered bones, relieves depression, restores heart rhythms, helps you back from strokes, and keeps you healthy your whole life. from the day you're born we never stop taking care of you.

i'm scott wapner here is a look at what's coming

up on "the halftime report" at the top of the hour. for today, records getting closer plus the euphoria versus pessimism trade, what to make of tesla and galactic and host of "ninja warrior" is here to tell us how to find your inner warrior coming up in ten, jon. >> thanks, scott see you soon. sentinel one taking its up to $1 billion. sentinel one tomer weingarden joins us labeled you as a visionary with

a pretty strong rating on that ability to execute not as high as the big guys. so does this $200 million help you execute more >> absolutely, you know. a big chunk of that money is going to go towards more opportunities. it's clear that we see crowdstrike as our main competitor there's almost a galaxy of opportunities we don't see and a lot of those proceeds are going to go towards getting us in front of them. about 17% of the cases we're up against them so for us we like our odds and we want to continue to compete with them. >> you're looking heavily in artificial intelligence for the whole network tlmplt players like via ware with carbon black, mcafee, half owned by intell in the space as well. how do you win they've got big marketing departments, huge enterprise apparatus in behind that

message. >> it's the wholistic approach people often buy platforms and having every asset on the enterprise network from desktops to connected devices think of the cloud and how that's transforming everything cloud workloads, if you weave it all together and bring it together, then you can cross correlate, apply machine learning at scale. you give these customers a single pane of glass, it gives them a complete different network. these networks are focused on different niches a wholistic view that sets apart from the others. >> we see rollout of 5g, connectivity of everything, including big industry, how secure is it and how big is that opportunity for a company like yours? >> part of the reason we have

qualcomm is one of the investors in this round, we want to integrate our machine technology into the open framework. that's a deal across pretty much every main concern our customers are experiencing every day. >> what's your success rate? >> i'm sorry >> what's your success rate? are you able to spot every possible intrusion or security situation that comes >> it's not like 100% case, you know in past years we've seen incumbents come up with all kinds of claims. we stop everything we stop a lot of stuff we make life easier for the defenders out there. ai is where we feel we should be leveraged the most it allows you to be more effective in your day-to-day we focus on trying to help our

customers as much as we can. >> federal regulators are looking at big tech's m & a practices. did they stifle innovation by buying smaller companies what is your take on the effect of big tech companies coming in and buying companies the size of yours? does it help you get a better valuation because some of these investors see a good potential exit and so does that fuel you, or does it suck the oxygen out of the room? >> it's a little bit of both, i guess. we kind of feel like what you're say iing is really true, when te maller companies are getting acquired by these giants, innovation dies. if you don't continually invest in innovation, you're going to be left behind attackers are moving rapidly, using ai themselves, putting more and more into what they do. for us, continue iing innovatioi

a big part of what we do and a big reason why we want to stand alone. >> second round of funding in, what, nine months. do you have plans to go public >> you know, anything is possible we have one or two good years of growth as a private company but then we'll definitely look to the markets. >> good to have you. >> thanks for having me. >> we've been hovering right around 3390 on the s&p record highs for the s&p nasdaq today as mises lead "squawk alley" is back in three minutes. with some homemade biscuits! >>oh, that's so nice! and a little tip, geico could help you save on homeowners insurance. >>hmm! >>cookies! uhh, biscuits. >>mmmm, is there a little nutmeg in there? oh it's my mum's secret recipe. >>you can tell me. it's a secret. >>is it cinnamon? it's my mum's secret recipe. call geico and see how easy saving on homeowners and condo insurance can be.

i'll come back for the plate. and when you open a new brokerage account, your cash is automatically invested at a great rate. that's why fidelity leads the industry in value while our competition continues to talk. ♪ talk, talk

there's one thing you can be sure of. they're changing by the nanosecond. that's why cognizant created a unique engineering approach to design and build new digital products. learn how cognizant softvision designs experiences and engineers outcomes. ♪ cool. ♪

in case you missed it, the domain name, apple.com, was first registered on this day in 1987, just the 64th domain name ever and completely free back then if you had bought apple stock on that day, you would have seen more than a 28,000% gain since it almost seems like that revenue guidance from yesterday we were all worried about was months ago. >> yeah, it does and that's one of the things that biff would do if he had the delorian, go back and buy the apple stock on that day, for sure.

>> meantime, stock is up 1.5% today after pulling revenue guidance in a move that has largely been multiple expansion so certainly seems to be a teflon stock right now another one to keep an eye on in the space sector, virgin galactic continues to move higher as well earnings from that name next week nonetheless, a lot of talk about retail investors moving into that stock. >> tesla. >> tesla, too. pockets of euphoria, as cooperman said on "the half. we'll get to "the half" in a moment fed minutes at 2:00. balance sheet issues high of zillow and the dem debate, michael bloomberg on his policy unveiled yesterday. keep your eyes peeled to the latest for the dow let's get to "the half" and the

judge. >> thanks, carl. a rally from one of the best investors ever it's 1:00 noon and this is "the halftime report. stocks bouncing back, hitting new highs. are bulls knocking on the door of euphoria? >> should you stick with the mega stock names nvidia up 30% this year and its target just got raised to a new street high. the analyst who made the call joins us american ninja warrior hos