company. >> 100-year vision all right. we'll have you back next time to see how it's going in the next iteration. andrew, congrats on the announcement today i appreciate your taking some time with us thank you. >> thank you thanks for having me meantime, guys, s&p hanging on to 3550 good wednesday morning it's 11:00 a.m. it's 11:00 a.m. on wall street and "squawk alley" is live ♪ ♪ ♪ i'm going to fight them off ♪ i said the nation army couldn't hold me back ♪ ♪ they're going to rip it off ♪ taking their time right behin my back ♪ ♪ and i'm talking to myself at

night because i can't forget ♪ welcome to "squawk alley" for a wednesday morning i'm carl quintanilla with jon fortt, julia boorstin joins us for the hour for which we're appreciative interview with intel ceo bob swan later this hour later exclusive with nfl commissioner roger goodell a lot to get to. we'll start with the s&p and nasdaq notching another record intraday high. got 12k on the comp. former ceo of twitter now general parter in of owen advisers dick costello is with us great to kick off the morning with you. >> great to hear you all i don't see you. julia and i did our first live tv interview together back in 2009 when i joined twitter so to julia. great to hear you. >> that's worth celebrating, dick wow. takes us all back. you've had some -- i always tease you about capital

management and you had some great tips in recent months that the mongo dbs of the world and they've worked how long do you think they're going to continue to work? >> yeah. it's a great question. i got to tell you, when i was on in april i was buying i think what other people were selling and said i was buying. i mentioned those stocks when i was back on early this summer. i'm a little less excited right now. things are crazily priced. zoom is a great company, but at $125 billion, you know, you have to raise an eyebrow. and you know, i think the market is really underpricing the risk around this election there's a lot of unknowns that are right on the horizon here. it's not clear that either party is going to accept the election night results. i just think there's -- i think it's a good time to be a little more cautious. so, i'm still long things like audi and payments companies that

have lots and lots of room to run. but i would be taken this opportunity to buy residential real estate with a little bit of my holdings if i were folks. >> interesting let's try to distill, though, the concerns you just laid out absent any election risk, right, if we were in some kind of normal political season, what would your view on a company like zoom then be? because we are seeing obviously huge moves in fundamentals that the bulls argue back up the valuation? >> yeah. but, you know, look, let's all recall end of 2000, early 2001 when there were lots of reasons you can talk to my good friend henry about lots of reasons to call amazon 400. but it was trading at $8 a few months later so i just think that the bull cases are pricing in every possible positive scenario is priced into the bull case. and we're ignoring the bear cases around market risk, macro

risk, what ends up happening with china seems to be sort of emerging low-grade possibility of real violence and strife in the background in the u.s. around the election so i just worry that we're in one of those -- we're in one of those, you know, when everyone is what could possibly go wrong and diving in, that's when it's time to sort of, you know, think twice. >> yeah. hey, dick. it's jon good to see you. >> hey, jon. >> i'm thinking of the market in a slightly different way this morning because my 12-year-old was asking me about it yesterday because one of his friends is investing in microsoft i said you can't do that because i'm a business reporter. can't invest in the individual stock. we talked about how it works i'm looking at some stocks like twilio, which you mentioned,come is up 170% year to date. shopify is up 175. etsy is up 174 or so i mean, these are platform stocks i guess the question is how many different platforms could there

be because on the one hand, yes, a lot of stocks are getting really expense valuation wise on the other, if there's an emerging platform, the potential for that is outsized aren't there some still glimmers of possibility here? >> yeah. 100% look, i'm not saying i'm a pessimist and abandon ship i'm just saying be a little more careful. there will be a lot more platform stocks. there are opportunities for the twilio of apps to emerge opportunities for collaboration platforms for remote work that go well beyond slack and zoom. think about platforms that allow you to collaborate in a video conference setting and every multiple people drawing on the same white board if you will i think there are a bunch of platforms in the private markets in the sort of series a and series b private markets that are emerging, becoming very, very popular and will expand beyond the early tech adopters

so, there will be more of these. they will all succeed. but again, you just mentioned the returns on some of these platform stocks year to date it's crazy i just think it's reminiscent of late 2000, 2001, early 2001 to me >> dick, it's julia. thanks for reminding me how long i've been covering twitter and social media stocks. >> i thought that might be a sore subject >> twitter and facebook, those stocks also doing quite well this year. you know, both of them way up double digits. it's been interesting we recently have seen facebook really struggle with the question of hate speech, incendiary violent comments on the platform this is something you were working at with twitter for many, many years it's a consistent problem both for twitter and for facebook as we go into this election season. how do you think about the risks of election manipulation, voter manipulation as well as hate speech and what these social platforms should do about it what's your advice to them

>> yeah. i continue to think and i said this on here before so i'm going to start to sound like a broken record, but i continue to think that the platforms across the board underreact and that the appropriate way to deal with these things is to overreact. meaning, you're going to go -- if you go -- the issue is, of course, if you go above and beyond then you end up taking out or suspending some accounts you shouldn't have suspended and people will be up in arms about that people are up in arms about it any way. i think you need to go above and beyond people are really getting sick and tired of it. and the warning labels need to be bigger, not just a small warning label under the thing that people might not notice the ability to create deep fakes and doctored videos will get more and more impressive, if you will and harder to discern. and the platforms just need -- they just need to go above and beyond right now and be

overzealous about it look, some things are going to get suspended that shouldn't have been suspended and people are going to have to deal with that because the underreacting isn't working. >> yeah. certainly better to overreact but raeeally interesting how th ability to create the deep fakes increased exponentially since you were running twitter. >> right. >> the other video platform you are thinking about which is of course tiktok. what do you think about all these deal talks which buyer do you think would be the best fit and how do you think this is all going to play out? >> i think microsoft is -- i'm just so impressed with the way sachay has run that company. he's a great human being he's a great leader. look at what he's done since taking over microsoft. really smart about the acquisitions they've made. i think he's almost an ideal buyer. boy, it would just fit in so well with so many different things that microsoft is doing i think the news about china saying that you're not allowed to sell artificial intelligence algorithms and that's

complicating the sale a bit. that will be interesting to see what happens there because ostensibly it's pretty easy to create the initial algorithm, especially because the algorithm in question is for new users that haven't followed anything yet, so what do you show them? so, you could re-write that. it's pretty fairly easy to do that the issue is they've probably trained that model on tons and tons of users, new users and videos, millions and millions since it's been written. and the question is whether you can transfer some of that data along with the sale or not so, i mean, if the letter of the law was they can't take the algorithm, you could re-write that you certainly want to ship some of the data along with it. >> finally, dick, to your point about deep fakes and the platforms needing to be overzealous, i'm reminded of two things one was a memo that you wrote years ago about safety which looks incredibly impression at this point but you were

consistent in arguing that the platforms should not remove, for example, the president's account because public officials in your word needed to be held to account. >> yep. >> have those views changed or evolved in any way >> no. you can't delete the president's account. i understand why some people say that he's the president of the united states and you know, you're going to get what about bolsonaro's account in brazil because he lied about x, y, z or he said -- he pointed at somebody or docks somebody you can't do it. what you can do is what the platforms are starting to do and highlight this is a doctored video. this is not true this is misinformation about covid. i think they just need to be more aggressive about that, not tiptoe into it >> dick, more time next time, i hope and we'll see how your investment strategy continues to evolve we love kicking off the hour with you thanks so much. >> all right great to talk to you all

talk to you soon. >> dick costolo. after the break, intel ceo bob swan ahead of that company's big chip event today making a case for why they are still very much in the competition race. later, an exclusive with nfl commissioner roger goodell big show still ahead don't go away. ♪

welcome back there's something unusual in the trees near amazon delivery

stations in chicago. there are phones in them according to a report from bloomberg, drivers are dangling smart phones from trees to get a jump on getting deliveries versus other competing drivers synching their phones, waiting nearby for an order pickup amazon's systems are able to tell within 20 feet who is the closest. people with direct knowledge of amazon's operations say that could offer them, guys, a split second advantage in theory it's a way, i guess, of tricking not just gps but wireless base stations that approximate how close a driver is that should give an indication of how quickly they'll be able to complete a narrow time window delivery but i guess these are the hacks you get when you get people competing for a job. >> yeah. jon, talk about unintended consequences of technology

all of a sudden you have phones hanging from trees but one thing is for sure, now that this has all been reported amazon is sure to change the system so this no longer works don't you think? >> i think they'll try this reminds me of the tricks i tried in high school to get more time on the phone, you know, because my parents would try to monitor how long i talked. back when the phones were wired to the wall. kids today don't know anything about that but there are always people who are trying to beat the system, carl you know, here we have them in this logistics and delivery age. >> well now we know where your boy gets his mischief, jon, because you grew up with it yourself but i think maybe the broader story, at least for the week, is the increasingly competitive race between amazon prime and now walmart plus, which at least we are getting a greater sense that it's not going to get delayed fudela

ed further we'll see the matchup of which features and benefits of each program convince consumers to go for either one or both that's a big part of the story, too. >> yeah. big questions there on whether they'll be able to deliver as quickly as they are promising. speaking of delivering, intel is promising to deliver when it comes to chips something its customers have been demanding and hungry for we'll talk to intel ceo bob swan coming up. we'll be right back.

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intel is unveiling new processors later today that are expected to deliver especially benefits to thin and light laptops. joining us first on cnbc ahead of that launch event, intel ceo bob swan bob, good morning. >> jon, how are you today? >> i'm doing pretty well good to see you. as you know, i've been spending a bit more time these days thinking about chips, spending time with some of your people, also some industry analysts. tell me first, what are your hopes for this launch, for these chips as they get into the market over the next year and address some of the needs that you're seeing in pcs >> yeah. thanks, jon. well, look, as you know today the pc is a more, more essential ingredient of our everyday lives, whether you're studying from home, working from home, trying to stay connected from home

it's just more and more important. so the tiger lake product that we're launching today in essence addresses those activities that we're doing, whether it's content creation, whether it's inherent productivity or connectivity, it addresses those key things that are becoming more and more relevant in terms of how we engage with our pc and how we engage with each other. so we're very excited about this new product launch and it addresses a lot of the things that you and i and all the listeners are using more and more each day. >> now, august 13th, just a few days ago, you guys had an intel architecture event one of the points you made was that your 10 nan meter process is just about as good as rival tsmc's 7 nano meeter process i thought really come on. you're behind in the process of course you're going to say that i talked to analyst.

it's true. when it comes to different foundry processes doesn't mean what it used to. so, do you have to change the way you as intel talk about this stuff? in the past it was intel who was talking about process technology and that advantage and the megahertz wars now you're talking about performance differently? >> at the end of the day product performance is what matters most to our customers and what's always mattered most under that umbrella there's multiple things that have evolved over time. process continues to be very important. packaging becomes more relevant as we pull different technologies together. software plays an increasingly important role so the technologies required to build a computer today are much different than they used to be an example with tiger lake, it's not just about the cpu or the

micro processer, but it's about the wi-fi. connectivity is so important upgrading wi-fi. upgrading graphics capabilities. the nature of the pc today and how it's evolved, incorporates much more technology where process continues to be important. but not relatively as important as it once was in terms of the naming convention, i think that the naming convention over time has lost its relevance because it's become less of a technical articulation of capabilities and a little more of a marketing articulation so, our 10 nanometer process that the tiger lake will run on today is a step function improvement from the 10 nanometer process we launched just last year where its process will deliver 15 to 20% more performance in the products that we're launching. so, it's a very exciting time, not just because of the tiger

lake product, the cpu, but how we coupled together with other technologies to address the most top of mind experiences with advanced processing technology that we referred to as super fin. >> yeah. i want to talk to you about another element inside this tiger lake product, which is xc graphics, xclp integrated graphics my sense is that consumers have a different use case for the pc now than they did a year ago in a sense that, you know, it was more chrome books and i just need to surf the web at home before but now when zoom video conferencing or other platforms are integral part of what kids are doing to be in school, and they need to be able to do that from home or from anywhere graphics capability and that kind of horsepower is of core importance, isn't it, in way that it wasn't before? >> relative importance of graphics and the role that it

plays not just in gaming but just in communications today is so much higher that's why with this product launch the enhanced capabilities of our graphics, our integrated graphics as we position for discreet graphics product in the future, it's a real big bump in overall performance, but it's also increasingly relevant technology and capability in today's pc so, in essence the use of the pc and what the graphics technology that we built into this product does is just rising, kind of rising the role that the pc will play more and more as an essential ingredient in our everyday lives. >> so how confident are you, bob, in the yields that you're going to get out of 10 nanometers super fin as we talked about, customers have been asking for you for more and more and you haven't been able to deliver the volumes

for quite a while that customers have wanted of these chips is this going to intensify that pressure on you to deliver in a way that you won't be able to? or are you confident that this is a new stage in your ability to deliver >> well, we're very confident. i think over the last several years we've added $20 billion in revenue to the size of the company. so, from our pc, from our internet of things from our communications, from our cloud businesses, we've experienced fairly dramatic growth and it was critical for us to keep pace in ensuring we have the capacity and the supply to deal with that growth. and we've made tremendous progress at the end of last year and through the first six months of this year getting that capacity in place for both 14 nanometer which today is the lion's share of the products we're shipping but increasingly we're adding significant demand for the new product that we

announced today but also the new products we have coming in the second half of this year, particularly in the server zion chip we are putting the capacity in place to ensure that we're there for the increased demand that we're expecting for our products >> bob, about five weeks ago you announced changes to the way your technology organization is led. tell me what you hope those changes accomplish >> i mean, in essence, faster pace we have such an exciting lineup of products over the course of the next several years and we thought it was important not just to have one engineer at the seat of the leadership table in terms of when we're making decisions, but the intent was to bring for a tech company to bring five of our best engineers to a seat around the table so we could drive a much faster pace to meet the growing demands for our customers and increasingly

intense, competitive environment. it's all about pace. that pace is about bringing an annual cadence of leadership products for our customers across our broader and broader portfolio. >> sometimes when i hear companies talk about pace and speeding up, it's when they're bringing that focus down to one person to make a decision in the organization but now it seems that person is you because you've got these engineers reporting up to you. what sort of new pressure or challenge does that present for you as the leader of intel if there's disagreement among these five technical leaders to decide exactly what to do >> well, i don't know if there's increased pressure i think -- >> there's already quite a bit, yeah >> the reality is we got brilliant engineers. i believe the smartest engineers in the world and the more we can tap into their competencies, their capabilities and have healthy,

constructive dialogue around the table in terms of our decision making, i'm very confident that this team, this collective team that we have both at the executive level but at the 110,000 people that love to create world changing technologies that enrich the lives of every person on earth, i'm confident that we have the right structure and the right people to accomplish our growing, growing dreams just to play a bigger life in our customer's success. >> well, bob, i don't remember when we have seen competition quite like this in the chip space and attention like this on the pc it's maybe been 20 years so we will, of course, continue to watch you and intel's progress and thank you so much for being with us. >> thanks, jon stay safe. >> you, too. carl >> meantime, s&p, jon, is coming off of intraday highs. let's get to sue herrera and get a news update. >> good morning, carl. good morning, everyone here is what's happening at this hour russian opposition leader alexi

was poisoned with a soviet nerve agent according to the german government germany will share with nato and the eu and consider, quote, an appropriate joint response, end quote. take a look at this video, this is a daring rescue from a building burning in new york city this firefighter repels down to a woman who is clinging outside a 16th floor window. the woman is okay. she was taken to a hospital for smoke inhalation and later released a judge has ruled the university of california may not use s.a.t. or a.c.t. scores as part of its admission policy effective immediately. the uc system already stopped requiring the test but the new ruling stops voluntarily submitted test results from being considered plaintiff's argued privileged and non-disabled students had an unfair advantage because of better access to taking the test, specially during the pandemic old navy will pay its

employees to be poll workers on election day because many states face severe shortages of volunteers busy news day. you're up to date, carl. i'll send it back to you >> sue, thank you very much. we're seeing a pullback. tesla is down 10%, zoom 7% and apple 3% we're getting news on united airlines let's get to phil lebeau. >> carl, let's look at shares of united pulling back a little bit as the company is announcing it will be furloughing, laying off 16,370 employees starting on october 1st. this is not a surprise we knew that the job guarantees, they end on september 30th and this is an airline that has to become smaller. it doesn't have the business to sustain all these jobs here is how it breaks down we're not going through all the categories of employees. flight attendants, 6,920 will be fur loued. 2850 pilots let go

airport operation 2260 will be leaving the company and another 2010 in maintenance will also be leaving united airlines. i mentioned that this has to become a smaller company look at the passenger levels they're not going up we're still in that range of being down 70 to 75% compared to the same time last year. all together, julia, you look at all of these numbers, you're looking at united, american, the pilots at ta, at least 37,000 employees furloughed starting october 1st. >> wow, phil just massive numbers thank you so much for joining us with that update >> you bet. coming up, nfl commissioner roger goodell will be joining us after the break. we're ba itwmiteckn o nus. a lot goes through your mind. how long will this last? am i prepared for this? are we prepared for this? with fidelity wealth management, your dedicated adviser can give you straightforward advice and tailored recommendations, with access to tax-smart investment strategies

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we're just a week away from the start of a new season for the nfl. but like other sports leagues,

it's facing new challenges due to the pandemic. joining us exclusively is the commissioner of the nfl roger goodell. commissioner, thank you so much for joining us today >> good morning, julia it's great to be with you. and it's great to hear you say the season is only a week away that's great news. >> well, assuming the season, everything starts as planned the big question is how different things will look both for your players and for fans this year. >> well, i think it's safe to say, julia, everything is different in 2020 for us the off season has been different from the draft all the way through our off season planning, off season training, to this training camps themselves obviously we're having to put a lot of focus on health and safety that is number one priority for us of our players, of our coaches, of all our personnel, our fans and so, all that planning has been, you know, extraordinary amount of work and frankly has

gone incredibly well through at least our training camp and put us in this position now where the week to go before our season where we are confident we'll be able to play not just the start of our season but through the remainder of our season to the super bowl >> but tell me why you decided not to do a bubble when that approach had such great success for the nba, where as the mlb taking the other approach, having their teams travel, did cause a number of delays due to positive covid tests >> well, because we have a five-month season. we don't think the bubble is practical for a five-month season and we have what we call a bubble at each club. so there's a bubble around our training facilities. those have gone through extensive protocols and a bubble around our stadiums. that's an extensive protocol that are separate. and so, it was for a five-month period you need to be able to have that kind of environment. the other thing that we're

doing, which is different than any other league, is we're testing much more frequently and also more rapidly. so, we get the results back quickly within 24 hours and we're able to identify anybody who may be showing symptoms of that or early stages and be able to isolate those individuals and then be able to control that and knock on wood, that has been our experience so far. our medical teams have done an extraordinary job. we have the best in the business i think it's showing through on that >> now, you mentioned bubble around stadiums. what is the latest tell us what is the latest about having fans in stadiums. and tell us whether you're feeling political pressure from the president to have those stadiums be full >> no. we feel our own pressure, the pressure of our fans we want our fans to be able to experience the games and so that's always been our intent is to open up for our fans but public health and safety is number one for us.

so, if local officials are not comfortable from a medical standpoint, we're obviously going to heed that we're going to obey that and we're going to be -- do the appropriate thing. and we're going to have two or three stadiums next week which will have significant fans in them i believe that will continue to grow as the season goes on i think people want to get comfortable. not only our fans but also the local officials. and we support that. we want to take a cautious approach, a responsible approach, and make sure we're doing this in the right way for our fans but also to make sure we're doing it for our communities and make sure we're doing it in a way that we'll all be proud >> it seems like those teams, which do have fans or will have fans in the stands will have a huge competitive advantage so what will you do for the ones that can't because of the local rules? are you going to be piping in noise, doing some of the virtual fan things we have seen other leagues do >> julia, i would probably take issue with the fact that it's a

huge competitive advantage as you know, you know, our stadium sizes are different across the league. the attendance is different on a normal season. and we do not see and our clubs do not see a competitive advantage at all of whether fans are in one stadium or another. we obviously are going to try to make sure that the experience in the stadium as well as through our television partners reflects the same kind of enthusiasm. the fans are a big part of our game so the crowd noise and when it happens. and interesting we have been curating crowd noise through the last four years through our nfl films. they really have, i think, what is a unique way with our broadcast partners of making sure it's not artificial it's really authentic. obviously the fans aren't in the stadium, but it's really their noise. it's really their sound. and their enthusiasm i think the way we're mixing this, we've learned from a lot of experience from other leagues and from other opportunities

i think this is going to be a great experience for our fans also >> roger, it's carl. i wonder if you would agree that your own stance as it pertains to social justice has evolved since kaepernick first took that knee certainly your recent interviews suggest that i think some of our viewers want to know whether players will be on the field for the anthem and whether or not you, as a league and the ownership, are willing to with stand any pushback if, in fact, we do see players take knees? >> well, carl, i would tell you that all of us hopefully are evolving and learning. we should be and we all should realize that we have to do more i'm proud of what our league has done i said it several months ago that we should have listened to our players earlier and been able to understand the things that were going on in our communities. we're seeing that play out on television sets across the country. they have been happening in our communities for years, decades

and we have to end it. and so, our clubs over the last couple years and our players have worked really closely together to try to make that difference in the community, to make the change, to make sure that the work we're doing is actually leading to change and that's the important thing for our players. when you see the frustration, the sadness, the anger, we all feel that because we're not reaching the change that we all want and so, that's what our commitment is. and we've been talking with our player's association over the last several months. i expect that we'll have some announcements further on that level also of more steps that we're going to take because we all have to do more. >> and so when, as julia says, you get pressure from the president or tweets that argue that your ratings are not what they could have been absent any signs of protest or expression of belief, are you prepared for

ratings to be different in either direction as a result of all of this? >> carl, you know, our ratings have really been the envy of every entertainment and sports property you know, we have the broadest audience we have the best partners in all of television and media. and we feel that, you know, ratings always go up and down for a variety of reasons we're supporting our players we recognize the issues going on in our communities that's a platform that we want to use to make change. and we're going to do that and we're going to stand behind our players. but i do believe that from our standpoint, from a ratings, you've seen, you know, tremendous increase while we have bucked that tradition or that -- basically the trend that nobody else is getting ratings increases. and we're in a position where we're broadening our audience

and broadening on different platforms. i think you have a difficulty just looking at the ratings number we look behind the ratings number we always have we don't look at it as a straight line, up and down we look at this as an opportunity to grow our audience with different segments of the population to make sure we're reaching more people on more platforms. >> great to have you with us so the nba and major leagu baseball had a few lost games over the past month after what began happening in kenosha so, since the nfl plays so many fewer games over all, it seems to me that it could at least afford to miss games that way. i wonder, what do you do if player -- something else happens, god forbid, and players for one team refuse to come out of the locker room >> well, listen, we respect our players. and they have done a great job of bringing attention to these

issues our focus now is how do we support them in making the changes. and that's where we're focussing. there are a lot of things that we're planning for this season that creates uncertainty we're prepared to make the best decisions on behalf of the nfl and on behalf of our players and on behalf of our fans and our partners so we're looking at this season with nothing but optimism. we obviously know the challenges that all our communities are going through. the importance of this and the frustrations that our players and others in the black and brown communities are feeling as well as us that we're going to be able to be supportive of the work that they want to do and the changes they want to make. >> i also want to ask you about colin kaepernick specifically. what i hear you and the nfl saying now and what he's saying now, i don't know that i've ever seen the two parties closer together so do you think trust can be built between you and kaepernick

to the point where you can have regular conversations, maybe even some diplomacy of some sort and given the way he's become symbolic in this process, do you think that's important >> listen, we respect what colin did and a number of other players have done over the years to bring this attention to light. we have invited colin in from day one to have the conversations to be part of this process. we have players in and out of this office as well as other locations to have that conversation frankly, to get started on the work and i think the work we're doing is extraordinary we always welcome colin into that conversation or the work. and i think our players would also so, from that standpoint, we think that we're better off communicating with one another, coming together and doing the kind of things that our players really want us to do in our communities. >> really remarkable seeing how that relationship has evolved over the past few years. now i want to make sure to ask

about your media rates negotiations i know those are happening right now. i know on a typical schedule we would probably be hearing something at least by early next year about the state of your media rights and which broadcasters are going to be securing them for the next multi-year deal. where does that all stand now? and how is covid impacting those talks? >> well, julia, we actually have two or three more years on our media contracts right now. so we actually have quite a ways before the end of our contracts. as you know, we've had a lot of discussions including with extension of our collective bargaining agreement for another record ten years the idea of expanding our season to 17 games, expanding our post season which we think is great for our fans and great for our partners. so we want to sit down we want to talk about how we can continue to evolve our media relationships. we have nothing but the best partners in the business we're proud of that. but we also want to try to reach

new platforms where our fans are. and we've got to reach new partners in the context of that. so, i see this negotiation as working with our current partners to continue that relationship as well as bringing new partners in that are going to help us reach those additional partners, whether that happens in the next few months or the next two years, that's not as important to us as getting it right and making sure we use this platform in the best possible way to reach our fans >> you mentioned new platforms i assume you're talking about the digital distributors such as amazon who, of course, you have a deal with. how important will those digital platforms and the concept of digital distribution for maybe even some of your mainstream media rights rather than going to a broadcaster, how much will that play into things going forward? >> i think it will be a big play in large part because digital really has two advantages. the first is many times there's

an interactive element to that that we can't replicate on a standard network feed or linear feed so i think that's a really positive thing to providing a better experience for our fans in addition, we all know that these new platforms are reaching different fans, particularly younger fans, in a different way. so we want to engage all our fans, and we want to use these platforms to do that so i see a combination of both of those that will help us reach more fans, engage them in different ways and continue to grow our game. >> can you give us the scoop on your nfl sunday ticket deal? i know that one is going to be expiring and in play a lot sooner than the overall rates deals. >> no. we're out two years with that, too. i would tell you that sunday ticket is one of the most attractive media properties. the package itself is already getting interest from others we've had a lot of our partners

and potential partners who want to come in and would love to have a piece of sunday ticket. you know, it's right now available on linear. we have discussed with at&t and we've discussed with others about the idea of expanding that to digital platforms again, that's where our fans are. they want to experience it on the digital platforms. i see that in the next round of agreements that we would have the digital distribution and i think that's something that will be really great for our fans >> well, certainly a different type of season and perhaps some different types of content consumption as well. we really appreciate you taking the time to join us. i know this must be a busy time ahead of the start of the season thank you, nfl commissioner roger goodell. >> thanks, julia thanks, carl appreciate it. as we head to break, take a look at shares of draftkings they are moving a bit higher on news that michael jordan is joining the company as a special

adviser to the board, taking an equity stake in draftkings well, the man knows betting, the kns sports we'll be back. stay with us

a lot of eyes on tesla this morning. we're staying basically in several months, got this lowers 405, early yet, but people have been waiting to see if and when u-turn would come. we'll keep our eyes on it. we're back in a moment

welcome back we're getting some headlines here on tiktok reuters reporting that bite dance and tiktok suitors, as

well as a group led by oracle are discussing four options to discuss how to advance those stalled deal talks this comes after on friday the chinese government said it would impose new rules, new restrictions on the export of chinese technology the four options include selling tiktok assets without its algorithm. the second would be a transition period to use the algorithm for up to a year while the new one developed. another is to seek permission to pals the algorithm to a u.s. buyer. fourth would you say licensing the algorithm. this is all sources reported by reuters, but i would say the tiktok algorithm is the heart of the value of that company. so, carl, it will be interesting to see how this progresses and how the value could be diminished if it's not part of the sale

carl >> certainly the golden egg at the center of that content julia, we'll watch those headlines out of reuters in the meantime the pandemic has turned more americans into savers, that's according to a new survey by cnbc and acorn acorn's ceo joins us this morning. good morning, noah. >> good to be here, thank you. >> so it's basically that we're in a place where 60% of people are calling themselves savers. that's versus 54% in 2019, which is a really good trend, right? i mean, you saw -- when you went from march to april, you saw the savings rate grow to 30%, which is unprecedented it's come back down to around 17%, 18% in july

obviously we know when people are saving, investing for the future, have a more balanced relationship, people will have a better life. they've to dip in or wipe out their emergency savings, too. >> that's right. that's right the statistics are pretty staggering around emergency savings rates, hovering around 70% of americans don't have $1,000 emergency fund. when you get into situations this, you see the impacts of that type of challenge so one of the things about acorns, you know, we really encourage people to save and invest for the long-term thing and contribute really regularly so you are in a better position

during times like this so i think that brings this more into focus >> noah, i -- we've mentioned and should mention against comcast/nbc universal is an investor in acorns robin hood is kind of like hamburgers and acorns in a way is like health food. people tend to focus on what they like to eat as you were saying, over time kind of consistent investment makes sense, have you seen any kind of significant surge over the course of this year in user interest, user behavior as the market has gone through what it's gone through? >> we have i mean, as soon as the pandemic started to really take effect, we saw a nice surge in growth and then maintain. you've also seen a surge in trading behavior you look at the statistics around that, individuals trading

has doubled since 2010 to me that's concerning, because that indicates people looking for fast money as we know, the house always wins i'm encouraged to see people doubling down on saving and investing, committing to it. obvious lip, you know, when people are living day to day and paycheck to paycheck, even if it's really small amounts, a couple bucks a day, that's really what people to be fog cowsed on. our portfolios are always diversified. etfs, blackrock is one of the major ones so you can weather storms and there's less risk. inch i wonder what you're doing

right now to position growth of your safer, more diversified option as a counter to robin hood at a time when that may seem more appealing, is that potential to grow and steal -- over the platform for the rest of the year >> yeah. thanks we really just focus on the message of saving and investing for the long term and diversification and having your eggs in multiple baskets it's a better way to maximize long-term returns. again, we're in a moment where people are very focused on the present, the day to day, so they're looking for a fast way to make fast money fast money is not really managed -- i was just talking to a good friend of mine he lost all of his savings betting on the market last week, which is obviously really disturbing. we're just doubling down, tripling down on that message, and there's a lot of financial

literacy content, produced in partnership with cnbc and we produce in-house that encourages people to engage in this kind of behavior one of the things when people see the market go down, people tend to panic. we try to remind people every downturn in history has ended in an upturn. i think that hopes it sets another tone >> on you parent nbc universal and comcast ventures are both investors in acorns. noah, thanks, appreciate it. >> thank you. let's get to tyler mathisen and the half. welcome to "halftime report." i am tyler mathisen, this rally is rolling on yet again, but are stocks -- here's the question -- are stocks getting too frothy and are investors getting