good morning it is 8:00 a.m. at apple headquarters

it's 11:00 a.m. on wall street and "squawk alley" is live ♪ ♪ good tuesday morning welcome to squawk ally i'm carl quintanilla markets are seeing a fair bit of chop today as we keep pace with powell's comments a few moments ago. any progress on stimulus and, of course, the president's recovery as he returns to the white house. for that we're going to turn once again to eamon javers hi again >> yeah, hi. what we're learning this morning is that a military aide who works closely with the president has now also tested positive for the coronavirus. according to nbc news, the president within the past few minutes also issuing a new tweet saying he is going to the next presidential debate. we have that wednesday vice-presidential debate and the president is tweeting that he is looking forward to the next presidential debate. he is cleared to travel or optimistic about the plans to

travel thursday by october 15th in miami the president saying there it will be great. no word whether we're going to see the president today. nothing scheduled. there is rumors of a possible address address to the nation. for the rest of the day to day, the president is going to be monitored by the white house medical unit he is going to continue to get treatments throughout the day to day. they're hoping that they can breathe as they say that last sigh of relief if he is fully out of the woods by monday carl, back to you. >> hey, i was going to ask you about those reports of a potential nationwide televised address from the president any indication on what might determine such a decision? >> well, a couple things one, they have to negotiate with the networks to make sure they can get prime time space that is always for any president that is always one consideration. the other question is just how his health is.

will he be able to give a prime time address live uninterrupted without coughing or other things that might cause concerns. they would have to balance the need to communicate against the need of looking frail. this is not a president who wants to hook weak what we saw yesterday that the moment of posing for pictures is all about projecting strength and health to his supporters and going into this election >> vice-presidential candidate and vice president biden in itself will have some different protocols than he would have expected a week ago. >> yeah. they're going to use plexiglas, carl, is what we're told to wall off the candidates from one another. kamala harris and mike pence already separated as will the moderator be and we'll see how that one goes.

that's going to be a fascinating moment a, there is heightened strcruti and because of their different personalities and backgrounds. mike pence and kamala harris couldn't be more different and represent very different wings of the american political experience how will they intersnakt hact? how will they punch and counter punch? will there be a more substantive debate between the vice president. >> caller: -- presidential candidates so much more to watch for tomorrow night in utah >> yeah, i think a lot of folks are going to be watching that very carefully to see if there's as much, you know, animosity and squabbling thank you for the update we'll come back to you again soon contact tracing efforts contin continue at the white house. cayla has more >> white house aids are anxious and frustrated at the lack of protocols. they have been for days since they learned of the president's diagnosis but didn't learn exactly when he last tested

negative but that remains the case no you that president is back in the building and there are, you know, not communicated clear confines around where the president will be and what exactly he will be doing most aides are trying to work from home if they can. if they have to go into the office to print something out or to access a document, they're only going for that limited amount of time of course this comes as that news is just out that eamon javers mentioned, a military aid in the immediate orbit of the president tested negative over the weekend and there is the expectation that those in the president's orbit who continue to test negative that there will be more positive cases just like we saw yesterday with the press secretary kayleigh mcenany who tested negative for several days in succession but then tested positive as well of course, it is the amy coney barrett nominating ceremony at the white house that happened just a little over a week ago where many of these cases are stemming from. you had several campaign advisors who were on hand to prepare the president for the debate that followed just a few days later but then you also had several

republican members of the senate but we have since learned that cnbc reporting that confirms of that "the new york times" that the white house is not doing contact tracing tied to this specific event because it falls outside the window of time in which members of the white house staff and the president's staff exhibited symptoms and began testing positive that despite the fact that there are nine positive cases of attendees who were present at that event we're hearing a lot of rumors who were testing positive or suspicion about people not showing up to work and we want to make very clear that we will get a hard confirmation of those facts before we bring them to you here but, of course, the rumor mill is working overtime right now. it often does here in washington carl >> kayla, thank you. we have to be on guard for that. on to the subject of contact tracing, our next guest runs the covid-19 tracking app that is used in ireland and now in new

york, new jersey, pennsylvania, delaware, and some other states. joining us today is the ceo of near form. thank you for your time today g to see you >> good to see you too >> a lot of viewers might not yet be familiar with what it's like to be part of a contact trace. can you sort of explain the concept, i guess, basically and the degree so which technology is helping this happen >> yeah. contact traysing has be contact tracing has been around for a long time. an manual contact tracing is the bedrock response to covid-19 both in europe and everywhere. and so digital contact tracing is a pretty new concept because digital contact tracing, what happens is you have an app which has information on it. if you pass by somebody else who

also has the app running on it, the apps exchange random numbers which are stored only on the devices for a period of 14 days then deleted and so there is an anonymous way of creating a link between two people even though they don't know that shrilink is being cre. if the person does actually get a test and tests positive, then the ability is within the app then to notify the other people that have been close to that person >> right how do you evaluate as a challenge the privacy aspect in the fact that americans don't want to be traced in any form but also i wonder if you think will is going to be a stigma to admitting that you have tested positive and whether that's also a deterrent. >> so with the app itself, you know, we started working on this

back in march in ireland and one of the key things we had to think about was protecting users data, protecting user's privacy. and so those concepts were baked in from the very, very beginning. and so if you install the app, everything that you do is opt in none of the data is shared trust in this app is really important. the good news is that technology itself at this point tens of millions of dollars are invested in building this platform that we're rolling out in the u.s and there are multiple independent security reviews of the technology which point to the fact that the app doesn't actually expose anybody's private data it doesn't capture your gps he could order nantz. it doesn't do any of that stuff. all the information is up there. and it's really at this point it's a thing about saving lives. it's a thing about protecting both yourself and also the people that you love, the people

you meet every day and so, you know, that's really the core point with the app >> despite the privacy protections, using technology to do the actual contact tracing has fallen far short of expectations or perhaps hopes and that's not enough people are participating. why is that? i mean, are the privacy protections do folks just not demand that they're good enough? that the apps haven't been marketed the right way >> this is a thing this is -- this is going to be the things that going to take time so, you know, in ireland, for example, we had quite a bump

when the app was launched. it's one of the things that will take time, a couple months to get the adoption numbers up. it will take a little bit of time that's the big thing it's not going to just -- seven not going to install it in in the same day or in the first week >> the google contact tracing technology was announced and hailed as, you know, the best technology equipped. also the best in terms of exposure everyone has an iphone or android phone, nearly everyone yet, months later, only i believe 14 states are using the apple google technology. why is that? how much time do we really have here >> the thing you have to remember is that the technology was a raw technology that was

enabled within ios and android the job there is to build, you know, apps for citizens in various locations. that's taken a bit of time it's taken time to test the system it's taken time to rollout all the new features and to remove any bugs or issues that were happening at an early stage. and so the good news is that the actual mat form, the technology now is ready to scale. it's just a matter of actually trying to drive adoption across the u.s. and, you know, to get everybody thinking about, you know, installing it on their phones >> so a matter of opt in there is a debate over the magic number where the apps become effective or successful. of what have you seen to be a

good number? >> when there was a paper published by oxford university recently, they came up with a number of about 15% of the adult population in a group of people, if you get to that number which is not a big number, it certainly achievable the number of people that are transmitting the virus and dying as a result of contracting the virus. i think there are some other interesting points that we've seen, you know with, the technology itself. the time it takes to notify somebody that they had a close contact you versus running a manual contact tracing it is shortened by a number of days and then also the other point is that the number of exposure notifications that are happening versus manual contact tracing on average is about 50% more. so you got these asymptomatic cases, you know, people who can

be moving around the place infecting lots of other people and all it takes is to capture one of those and break one train of transmission. that will save a lot of lives, you know >> indeed. finally, i wonder, you know, there must be at this point a case study here in the u.s. where contact tracing has really dampened a flare-up of cases whether it's in a college town or maybe it's in a larger metro msa. can you think of one >> i believe there are some -- some stuff came out i think it was through washington university i'm not sure but i certainly know that there are some case studies coming out of europe. and, you no know, it should be a case what works in europe from an american perspective is going

to apply in the u.s. >> no doubt about that there are cultural change that's are going to change the outcomes and a variety of scenarios but we'll watch it it is obviously a growing -- >> i was going to say, there are some case studies that are going to be published hopefully in the next couple of weeks from various governments that launched earlier on. so it will be great to get that information out there. just to let people know from a data perspective, you know, how effective these apps are >> right that it works h thank you so much for your time appreciate it. >> thank you >> carl, that's a goiod point we've seen people be successful with technology tracing. we're getting news out of boeing let's go to phil lebeau for that >> with airlines around the world on track to lose well over $100 billion this year, boeing's outlook over the next ten years

and 20 years is a good snapshot of just how much impact they're expecting in terms of demand let's look at the next ten years. boeing releasing the 10 and 20-year outlook for commercial aircraft demand. boeing says that over the next nine years, through the end of this decade, it's going to drop by 11% they're expecting the industry 18,350 new planes. here's the problem over the next four or five years, the snap back in demand, it's just not there. the when you look at the passenger levels here in the united states, look at how it has really hasn't picked up steam over the last couple of months in account fa, in september, parke levels were done 68% boeing, now says that they do not expect us to get back to 2019 levels until at least 2024. once we get past this, what's the outlook going out through 2039 most of the airplanes that are going to be ordered, no the just from boeing but from air bus and other manufacturers will go to china and to asia, north america will be about 21% of the market.

and there you see europe at 20%. as you take a look at shares of boeing, remember, it it's backlog come down substantially for commercial airplanes now stands at 4,387 airplanes. we'll get their september orders and deliveries next week much that's when we'll see whether or not there has been some stabilization at least some signs of growth or a little more demand from the airlines also take a look at airus about. it's backlog stands at 7 snch,51 airplanes. the next few years will be brutal for the airlines. iata, the trade organization for air heinz, is out with a report today saying that the air heinz are going to lose $77 billion in the second half of this year and the aleast $50 billion or $60 billion next year. that is one indication of just how long it's going to take the airline industry to recover. >> yeah. $300,000 a minute as we said earlier this morning thank you for that phil lebeau. st s&p 500 is trying to hold

3400 here. powell really didn't add a whole lot at nabe that was new lot at nabe that was new still a long way t ♪ ♪ ♪ ♪

♪ not ♪ you can go your own way ♪ go your own way your wireless. your rules. only xfinity mobile lets you choose shared data, unlimited or a mix of each. and switch anytime so you only pay for the data you need. switch and save up to $400 a year on your wireless bill.

with the carrier rated #1 in customer satisfaction. call, click, or visit your local xfinity store today. points. apple speaker and head phone

products were removed from the online store ahead of the anticipate product launches. we have more on what stocks are being impacted most today. josh >> so check out sonos coming under real pressure here this morning. apple removed third party head phones and wireless speakers from the online store. that's impacting names like sonos, bose and logitec and reportedly instructed the retail stores to do the same in recent days apple stores have carried head phones and speakers from third party manufacturers for years in addition though apple, of course, also makes and sells a number of audio products under its own beats brand and air pods in the quarter earneding in june, apple reported $6.5 billion in other products revenue. that's about 10% of total company sales. remember, that segment also doesn't does include the watch. so why make this move now? apple says that it regularly

makes changes to the products it sells and stores continue to sell a group of other third party accessories. but this news does come here as some believe apple's gearing up to launch new audio products of its own. well knownapple analyst, for example, has said that the company is working on a new high end set of over ear head phones. the company also reportedly been working on a smaller version of its home pod smart speaker as well carl, back to you. >> josh, i'll take it. and, you know, it also just note that this comes as we are expecting any day now that house antitrust report, the culmination of 15 months of investigation into the big tech companies. so apple, you know, researching the products on its website is an interesting move ahead of that we also saw something similar from amazon. there was that journal report from a few weeks ago talking about how amazonry strik restris people from buying ads they hit back strongly saying

news flash, this is common practice by retailers. i wonder if we'll get sort of an embolden response from apple as we await that antitrust stuff, carl. >> yeah. we're going hear a lot about on this one a fascinating discussion that he is volume offing as it pertains to marketplaces and products watching the market action today. losing a little steam as powell spoke. s&p 500 now down three points. mike santoli joins us. cnbc markets commentator what do you think? can we draw any initial lessons from powell's address? >> mostly reiterating what he's been saying for a while. certainly very focused on the down side risk and the risk that we can fall into a trap similar to the post 2009 experience where perhaps the fiscal stimulus was a little halting, wasn't enough and had a slow and steady come back and recovery. but one that wasn't really kind of taking enough people back into the workforce too quickly i think it's reinforce what's the market is cliinclined to wih

for. it's sort of getting priced in it's unclear if it's in the market right now that they'll be, you know, let's say $2 trillion stimulus plan i think the direction of most indicators and incentives are moving in that direction i don't see much of a take away from the comments except on the fiscal front the no real talk about, for example, tamping down the rising yields at the longer end of the treasury curve >> yeah. i did want to ask yabout that people are looking back to june when we did hit 80 basis points on the ten year. stocks ran out of gas. that's an interesting dynamic at least to me. and then transports today above their record close which could be either stimulus or the fedex-ups economy or maybe a broad hope about continued relaxation of lockdowns. >> seems like all of that in there. in fact, the rise in yields is

reinforcing what has been happening for a while which is the more cyclical areas of the economy value getting a little more attraction relative to growth and i don't know if that is something that can carry the market all that much higher in an index level but it is all kind of -- the gears are locking into place for something like that at the moment i don't know if it's about the, you know, yields getting too high that the market cant handle it or the mega cap stocks are benefitting from this plunge into negative real yields with inflation expectations going out of play and nominal yeeields gon nowhere, that's been interrupted. they have such a heavy index rate right now that on top of the fact that the s&p 500 has come back more, gained more than half of the september pullback and then is running into this area that's been a little bit, you know, high friction for it for a while right now. above 3400 >> mike, i'm watching those mega cap tech stocks. seeing apple and amazon both down by 2% i just wonder does this group

risk losing the leadership we talk about some of the risk events on the horizon, of course, the threat of regulatory changes as well as potential corporate taxes under biden that would affect these tech names perhaps most what do you think? >> yeah. they absolutely on a relative basis have surrendered some of that leadership profile. all that really means is that they had such massive outperformance going into the end of august, they gave some of that back. it doesn't look like a real tidal change just yet. look at it against banks and s&p 500. i do think that the nasdaq 100 was so far extended and perhaps so crowded and overowned, it is a little daunting to get back up to those highs no doubt about it,the antitrus talk from both sides of the aisle is not helping but we lived with it for a couple years right now it's no the clear that's going to be the waterloo for the tech trade immediately. >> we certainly have and should note the mega cap names still up

mighty on the year mike, thanks for that. and as we head to break, let's check on oil prices. check on oil prices. they aremy financial professionl explained to me all the ways nationwide can help protect financial futures in peytonville. nationwide can help the greens get lifetime income because their son kyle is moving back home jumpingcould help set up a financial plan for mrs. garcia. and he explained how nationwide can help mr. paisley retire early and spend more time with his pal, peyton. and their new band. exactly! yeah. don't forget the band. i haven't. again we'd be closer to the twins. change in plans. at fidelity, a change in plans is always part of the plan.

>> welcome back, everybody i'm sue herrera. about 30 minutes from now florida's governor is scheduled to reveal whether voter registration there will be extended after the state's online system crashed last night. an official tells the associated press that extremely heavy

traffic that cannot be immediately explained overwhelmed the state's computers in the hours before the midnight deadline. more than four million americans already voted in the presidential election. that dwarfs the 75,000 who voted athe this point in the 2016 campaign one election watcher predicts record voter turnout not seen in the u.s. in more than 100 years. the head of the world health organization saying a coronavirus vaccine may be ready by the end of the year though he did not elaborate. he made the announcement at the meeting. and a hearing on the government's ban on tiktok is scheduled for november 4th the order barring transaction with the owner has been on hold with the owner has been on hold fo some lost work and invented new ways to get by.

others were busier than ever,r more tha and found strength they never knew they had. we sheltered with the people who matter most, sometimes finding how far apart we'd drifted. we worried over loved ones, over money,n over our planet. and over take-out. and we found a voice one the noise out there had kept quiet. when the world starts spinning again, let's remember this time where none of us felt secure, and fia t for a future where everyone can. because when the world seems like it's standing still... that's the perfect time for us to change it.

quick break. markets inching close to 3400 on the s&p 500. >> we're watching some of the trades in technology and communication services that really played out over the last few months with regard to covid-19 and effects on how we work and operate and live at home if if you take a look it at the technology sector versus communication services versus the s&p 500, over the course the first quarter of this year prepandemic, you can see they're tracking closely together. and since the pandemic lows,

we've seen some real outperformance. >> again, tech up 27% by far the best performing sector in the s&p 500. within technology, some of the things that we're watching from an industry perspective involve things hike semiconductors, software and cloud computing at large. you can see the couple week period we've seen a move for semiconductors, bid, software and cloud computing as well. those are some places people are buying since the lows that we've seen over the course of the last couple of weeks. and then take a look at the names. these have been associated with the work from home and stay at home kind of during the covid-19 pandemic zoom video is up 1% over the last two weeks fastly though, cloud computing company up 7% and peloton, believe it or not, surging up 18% just in the last couple of weeks. of it's in what is some traders call overbought territory. but still, peloton a real standout on that side f you're wondering the big drivers of the move in technology, of course, it's been those mega cap tech

names like apple and microsoft check out apple, microsoft, amazon on a year to date basis still very strong but still, take a look at this the highs that we've seen over the course of the past month or so, we're still down significantly from those levels april sl do apple is down 17% from the recent highs and amazon and microsoft down 11% so we haven't seen as much of a bid yet for the mega cap tech names. we'll see if that changes over the course of the next couple of weeks. >> all right we were just talking to santoli about whether tech is losing the leadership the mega cap names moving on the race for a covid-19 vaccine continues this morning as glaxosmithkline and another company announced that the antibody treatment trial will will move on to the phase three. our next guest spent 20 years at the cdc and worked at the bill and melinda gates foundation she serves on several boards

including coca-cola and colgate and previously named to forbes list of the 100 most powerful women in the world quite the resume happy to say that dr. helaine gale of the chicago community trust joins us now thank you so much for being with us today >> good morning. >> now i have to ask, what do you make of the last week or so there has been so much news. the rise in infections right in the white house. president trump's reaction to getting the vie rushgs you know, don't be scared. get out there. likening it this morning to the common flu does it lead to people becoming perhaps more complaisant, taking more risks what could that mean for reopening plans? >> i hope it doesn't lead to that i think, you know, there's such clear evidence about how potentially dangerous this virus is and we don't yet have all that we could have including a vaccine that could change how we

face this. on the other hand, we have a lot that we can do today we know that masks make a big difference social distancing, testing used judiciously and also make a difference i this will is so much we know that can be done today that can continue to reduce the transmission of. this i think while the vaccine is incredibly important, you know, we want to make sure that people are still paying attention to the things that they can do today to make a difference fa very serious situn and has taken hundreds of thousands of lives just here in our country and many more around the world. >> we know what needs to be done the cdc guidelines are incredibly clear yet, you have the president, you know, taking off his mask in a show of strength and, you know, likening this as i he mentioned to the common flu. with he know what needs to be done when you look at the u.s.'s, the

way that it's dealt with it compared to some other countries, how do you get people at a large scale to follow these guidelines and, again, do we risk people become cavalier because of the lost 24 hours and what we heard from the president >> you know, everybody faces health challenges differently. you know, i think it's incredibly important though that people listen to the scientists. every day there are people who are talking about the evidence, talking about what we know makes a difference and so i think with very to really tun really continue to listen to our public health officials and the science as this continues to evolve and then each of us has a responsibility for our own health but we also have responsibility in each other's health and we've seen taking into consideration the basic things that we know make a difference wearing masks, social distancing, hand washing, staying at home if you're not feeling well

all of these things that can make a huge difference we've seen around the world the countries that have put that -- put those public health measures into use in a nationwide level it has really made a difference. i think there is a lot more that we could be doing. we need to keep listening to our public health officials and continuing simple steps that everybody can take that could make a huge difference while we t continue to wait for a vaccine which again we know the vaccine will have a huge impact but only if we do it in concert with these other public health measures >> yeah. i like the lasagne metaphor people are talking about lately. hopes for a vaccine but you layer it with everything else, isolation, distancing and masks and so forth reuters this morning has looked at some documents that says the fda staff will will hold a panel meeting on october 22nd to

discuss studies to test safety and efficacy of the candidates they also told the vaccine makers that any requests for an eua should have data that includes followup duration of two months i wonder if if everything you heard so far about time line, does it make sense that we could still be getting some kind of euas issued by, you know, mid fall, end of the year? >> well, you know, i for one believe that we shouldn't be in in the prediction game you know, with he have really accelerated this to developing a vaccine, you know, beyond what we've ever seen before the we've done that because we've been able to do things in parallel as opposed to laterally. anything that goes wrong along the way in any of the trials could mean further delays. if everything goes right, you know, towards the end of the year, early next year, we might

have one or two safe vaccine that's could start to be deployed i think this is an incredibly complex endeavor and, you know, we want to make sure that the fda is able to do what they think is in the best interest of science. if they develop a vaccine and they're not going to take it, there is a difference between having a vaccine and people actually being vaccinated. we want to have people to have confidence in the process so that when a vaccine is available people believe that it is safe and all the steps have been taken to make sure that those things, that both of those, the safety and the effectiveness and the efficacy have been well studied. i think it's critical we know there is vaccine his tansy it's critical we assure the

public that right steps were taken and we didn't take short cuts so we can trust this vaccine and get people that need it vaccinated as soon as possible and as you know, we put out a study last week, the national academy of science, i co-chair that study looking at an allocation framework for the vaccine so that we were ready to look at who should get it first, who should get it later. and i think it's important we remember that we want this vaccine to get to the people who need it the most as quickly as possible >> dr. gale, you bring up such an important point the issue of allocation. we hope you'll come back and talk to again soon about this. thank you for being with us this morning. >> continue to watch some of the

levels here.

ok, just keep coloring there... and sweetie can you just be... gentle with the pens. okey. okey. i know. gentle..gentle new projects means new project managers. you need to hire. i need indeed.

indeed you do. the moment you sponsor a job on indeed you get a short list of quality candidates from our resume database so you can start hiring right away. claim your seventy five dollar credit, when you post your first job at indeed.com/home. the about 28.2 . turning back to tech news. at which time eastern facebook removing a post in president donald trump this morning for saying the flu is more lethal than covid-19. the company saying the post broke rules on covid-19 misinformation and meantime we're get something more information on that house antitrust probe into big tech. we have more a once bipartisan issue is increasingly divided >> that's right. we're learning new details of

the year long investigation by democrats on the antitrust committee. it finds that amazon, google, facebook, and apple have ebb gauged in anti-competitive behavior that is tipping the technology marketplace into a monopoly specifically, it accuses the companies of pursuing killer acquisition that's snuff out competitors, hiking fees, misappropriating third party data, stealing other company's property, and erecting barriers to entry to maintain positions of power no you this all comes from a document that was written by gop congressman ken buck and obtained by cnbc.com and buck finds that while he does agree with some of the results of the investigation, lawmakers are split on the remedy much his report says democrats plan to institute a glass steigle for tech to define a clear single line of business. the report also says that democrats plan to draw bright lines that ban mergers at a 40% stake of the seller and a 25%

stake for the buyer. and presumes that any vertical merger by a dominant platform is unlawful now there are some areas of bipartisan agreement on things like more resources for the regulators at the ftc and doj and on establishing rules for data portability and interoperability but as you mentioned, what we are seeing now is sort of the breakdown of bipartisanship in the backlash over big tech we expect that republicans are now trying to focus their criticism on accusations of censorship and bias as one of the issues in market power i will point out that we have reached out to the companies and the committee democrats and not yet received a response. back to you. >> thank you for that. we continue to track the

developments developments stay audrey's-twins!ing... grandparents! we want to put money aside for them, so...change in plans. alright, let's see what we can adjust. ♪ we'd be closer to the twins. change in plans. okay. mom, are you painting again? you could sell these. lemme guess, change in plans? at fidelity, a change in plans is always part of the plan.

hyy y can go your own way ♪ it's time you make the rules. so join the two million people who've switched to xfinity mobile. you can choose from the latest phones or bring your own devic, and choose the amount of data that's right for you to save even more. and you'll get 5g at no extra cost all on the most reliable network. so choose a data option that's right for you. get 5g included. and save up to $400/yr on the network rated #1 in customer satisfaction. it's your wireless. your rules. only with xfinity mobile.

♪ "hmm's and ahh's" heard in-call.

♪ some things are good to know. >> >>bang for your buck. something else that's good to know. if you have medicare you may be able to get more benefits without paying more through a medicare> sl advantage plan. call now to request this free guide. learn about plans that could give you more benefits from humana. a company with nearly 60 years of experience in the healthcare industry. humana offers a wide range of all in one lycare advantage plans that include medical and prescription drug coverage. plus valuable extras that may include the silver sneakers fitness program and mail order prescription coverage. with humana you'll

have lots of doctors and specialist to choose from and peace of mind, knowing you're covered for doctor's visits and hospital stays. plus routine physicals and preventative care all for an affordable plan premium and in many areas no plan premium. you'll also get zero dollar co-pays on for added peace of mind. humana even rewards you for making healthy choices like staying on top of preventative care. many plans also include, dental, vision and hearing coverage. and when it comes to prescriptions, in 2019 human's medicare advantage prescription drug plan members saved an estimated 7,800 dollars on average on their prescription costs. so if you want more from medicare, call now to learn about humana medicare options that are good for your health and your wallet. a licensed humana sales agent will walk you through your options, answer any questions

you have and help you enroll over the phone. plans with a zero dollar monthly plan premium are available in many areas. call now and we'll also send this free guide. humana, a more human way to healthcare. flying tech stocks post-covid up 200% and josh lipton joins us now. hey, josh. >> carl, thank you we're joined by twilio's ceo jeff lawson. thank you for joining us

>> thank you great to be here >> as carl mentioned, your stock has enjoyed this remarkable run, jeff the world is changing, more companies moving very quickly from physical to digital they're looking at twilio for help in that how fast are things changing on the ground, jeff how big is the market opportunity you all see here now? >> you knows are even ahead of covid, the market for companies undergoing digital transformation and who need to use digital technologies to compete and win in the modern economy was enormous what covid did was it accelerated many of the initiatives, many of the use cases, thethings companies needed to build to be competitive were accelerated because of covid and social

distancing and mike grat migratt of these business processes to the cloud. so it opini's been a till wind o digital transformation in nearly every kind of company. >> so covid acting as a kind of accelerant, investors also say there's more opportunity that can bring more competition. so microsoft makes some headlines. they just introduced some new tools. it sounds like moving directly into your core markets, how concerned are you about that new competition? >> well, i'm not very concerned. i'll tell you why. i'll give you the same answer i gave when amazon started building products in the communication space or facebook or google or even blackberry once announced they were going to compete with twilio first of all, we're no stranger to competition this is a huge market and so it's no surprise a wide variety of products are in the domain.

we build differentiated platforms and a differentiated super network. we've got a 12-year head start on anybody entering the space. we are not a company that's very focused on competition we're focused on our kpcustomer and that has driven us for the last 12 years and we'll continue to focus on the things our customers need in this enormous market and be able to take a lot of market share. >> i get that, jeff. let me push you on that one point. i understand it's a big market, first mover advantage, but you're not worried at all, at least microsoft entering in terms of price competition that maybe microsoft moves in here, sees an opportunity, tries to undercut you guys in the market, make they decide we can bundle these new tools with services and present kind of compelling opportunity for developers not a worry for you? >> i don't think sacho wakes up every day thinking about twilio, but we are no stranger to pricing competition. that is how most companies have

tried to compete with us through our 12-year history. they come in with an inferior product, say we're going to be cheap cheaper. it turns out what they want is apis that work, that are mature, that are scaleable, that work everywhere around the world and we've invested a tremendous amount of time and money to build the leading platform out there and we found customers value that we're not stranger to people trying to undercut us on price but what we hear from our customers is they want quality, reliability, hipa compliance and that's what we offer >> i can't help but think that we heard a similar tone from stewart butterfield of slack earlier. and microsoft really ramped up the competition. i want to get your thoughts on this no code-low code movement,

the idea you can give businesses tool kits that don't necessarily need software developers to develop applications are you looking at this space? >> yeah, there's low code, no code and then yo code for the people who love to write code, developers we've got products for that whole spectrum the typical way a developer might build on top of twilio is host it themselves, we have a product that allows us to host the software for our customers and then we have twilio studio, and then we have a studio which has interactive voice response systems on top of twilio we have embraced all three of those categories of builders we believe at every nt prienpr there's a large number of builders and we want to enable all those people to succeed on twilio >> jeff, we thank you for your

time carl, i'll send it back to you >> great stuff in the meantime dow session highs up 136 we've lost some of that steam. we've been talking about the ten-year and the transports this morning, but normally on some of the recent mornings, we've been getting a steady diet of headlines regarding talks between the speakers office and the treasury secretary not so much today. i think the one thing new this morning is the progress does appear to be going slow if all you're going by is the public information. for now back to headquarters and the judge. >> carl, thank you very much i'm scott wapner the high flying growth trade, is it in jeopardy joining me is stephanie link, josh brown and rob with wealth management let's begin with a look at stocks, one of the biggest questions now facing investors