good morning, it's 8:00 a.m. at apple headquarters in california it's 11:00 a.m. on wall street and "squawk alley" is live snowed snowed ♪ ♪ good morning, welcome to "squawk alley. p i'm carl quintanilla we're on top two of big events both will set the agenda for tech investors apple is surging above the highly anticipated iphone event tomorrow this hour we're going to break down the implications for the

stock, for chips, for 5-g and lot more then there is prime day. what about emerging alternatives to amazon this holiday season? we'll talk about that straight ahead, john. >> yeah. carl, i can't emphasize enough how important the iphone is not just for apple, maybe even not for apple as much as for the industry overall the carriers really need somebody to sell 5-g which has not been built out as quickly as they promised. then the components inside the iphone open possibilities for app developers they put money in the pockets of chip makers. there is a lot, a lot riding on this, carl >> of course, jon. let's turn to josh lipton. >> so, carl, what do we think tim cook is going to unveil exactly tomorrow

the team morgan stanley says anticipate four new devices including, they say, a 6.7 inch iphone 12 pro max. that will be the largest iphone display ever complete are 5-g connectivity. faster data speeds for tasks like streaming games and movies. apple's latest and greatest a-14 chip and longer battery life as for tail winds, there are a lot of iphone fans around the world that could be ready for an upgrade. >> april ple is going to have oe billion active i phones. 420 million will be older than three years. but there could be headwinds, too. one, the price the new high end devices launch in a time of great economic turbulence some think apple could counter that with stronger trade in and financing incentives

another possible challenge, some analysts think the 5-g shift is real and apple is going to benefit. but they think initial demand at least could be softer than some investors think. that's as the carriers are building out the 5-g networks. coverage we know right now still spotty this event kicks off as apple stock is up nearly 130% from the march low. rebounding here in october after that sharp decline in september. down about 12% from the all time high carl, back to you. >> thank you for that, josh lipton we turn to kara swisher to talk about apple and other names as well good morning, kara good to see you. [ no audio ] >> we keep hearing this metaphor about the new phone like -- it's like buying a ferrari, they argue, which is wonderful and goes really fast but the roads in your village don't support those kinds of speeds because that's the

equivalent, they say, of what carriers have done in terms of 5-g coverage is that relevant to you? >> well, i think, you know, eventually you're going to have this very few people have these phones, right? everyone has the slow phones there say big uptick in getting people to convert. >> i didn't know you live in the village, nice to do that i do think it's fine to make the upgrades now getting people used to the idea they need a faster phone is important. and from a consumer mentality, they want to sell more phones, obviously. it's not hay bad selling point to get people to upgrade to the phones its another selling point. >> yeah. right. john mentioned that line out of morgue an stanley, the most important iphone event in years.

do you agree >> yeah. so i think it's really interesting to see what they're going to do in terms of -- it's the lower price phones and giving people larger phones. you know, apple really this is what you're going to get we're going to serve you this and this is all you're going to get. it shows how much more flexible they are in terms of the choices you make i do think a lot of apple customers do want more choices than they have been able to over the years even if if the top end ones are so incredibly expensive. of course, they're the ones that doctors and people just want the latest iphone like myself, obviously. i'll probably buy the upgrade. but we'll see. people may not feel a real aaffiliation to the technology since they needed to use so much during the past year into next year too >> right >> kara, i'm going to be contrary just because i like to be. >> sure. >> i don't think this is the most important iphone upgrade in years. i think next year is going to be more important because the f-5 networks are not ready

i think the 5-g is if i want to be future proof, if i want to be ready to network, i'll buy this. apple needs to have other stuff to sell this if people expect to buy it for 5-g speeds, they're not there. the. >> yeah. but they've been trading on other things like the air pods or the cameras and things like that the 11 did pretty well it is a better phone the 5-g story is expelling over time as long as they add on other things, you know, other products that they're going to introduce. they feel innovate you have and fast forward moving. i do like the range of phones. i think it's much p more important for people than you realize. the more expensive phone on both sides. >> i think this is hugely important for the carriers who

need 5-g phones out there to build out their networks i don't know if this is the one they subsidize or not. also for samsung on the screens and memory like sony and the image sensors that back the cameras. the cameras and screens are going to have to really sell this as they have in the past >> the others are already there. >> i think that is important for them why not do this? again, it gets people ready for this idea and gets people ready for the apple is there, too, along with the other phone makers >> kara, while we have you, the google doj breakup narrative continues. even as the street -- deutsche today goes to 2020 on the price target that is a street high. how do you explain people sort of whistling past this decision, this move by justice that we

keep waiting for >> it's not a bad thing. you know, innovation -- google shareholders will probably own parts of these things if they start to break them up i'm making an argument that it's great. google shareholders do well with these things i don't think it's the end of the world to try to introduce more competition as it was in the old days it sort of was disaster with microsoft when it happened but to day it's a very different story. the and to provide more competition and to give google shareholders more grade seems like a terrific thing. if you sell it that way, that's why wall street is like, look, they're going to benefit no matter what. the companies emerging from possible breakups are going to be very powerful themselves and very valuable companies. i think that may be what wall street is doing. they see that these companies are great even if if spun off in

pieces that would be my guess. >> care yashkara, you've been o with your podcast and google we're always glad to have you here too kara swisher >> all right let's turn to the apple events' impact on chips in general raj, this is an important event for qualcomm the way i see it. qualcomm wins pretty much much with anybody has to build a 5-g phone. and when apple's rivals have to build in new capabilities to compete with apple they pretty much got to go to snap dragon most of the time, right? >> yeah, qual come is going to benefit. in addition, i mean, it's been rumored that one of the phones is going to have a millimeter wave modem that is going to support 28 gigahertz so the true 5-g. qual qualcomm is going to

benefit from that as well. i think this will be several semiconductor companies outside of qualcomm. i this i skyworks will be the biggest beneficiaries. of they generate 50% of revenue. and i was listening to your previous segment talking about the 5-g cases. i think it's important to separate 5-g in two categories, subsix gigahertz when is 5-g most of the phones -- most of the 5-g phones in china and apple will be on subsix gigahertz and then millimeter wave is happening a couple years down the road in terms of you're going to see a significant benefit even with subsix gig why haer giga hurts phones. >> it will be better even if it's not that much faster.

so talk about sky works, broadcom and micron and the flash maker. how much do they stand to benefit if people are buying phones with bigger screens that they expect to stream and hold more video does that trend. >> i think what's been happening in china is that other chinese said samsung is getting share against huawei the so they're shifting their supplies to those customers. and each frequency ban that channel bandwidth is much fatter and wider. and at the same time, you're going to have to deal with a

massive input and out put. soreceiving and transmitting simultaneously are key requirements for a sub-six gigahertz phone. the content they're going to generate is $8 per phone that is 30 dlrz $30 to $40 incr phone. so this is going to be close to 30% to 40% so sky works is going to benefit. with respect to memory, the content is doubling for the 5-g phones in china which have been saying off significantly i don't see any difference with the iphone and think that it's going to have similar d-ram content. so i think micron and samsung are going to benefit we also want to highlight two other chip names all of these phones that apple is going to introduce are going

to have a high end screen. and this is one of the major display driver chip companies, a flexible display that is going to supply a lot of the iphones the displays will be thinner they're going to be brighter faster and they're going to leverage technology >> and when i say suffering from w huawei wouldn't you say, i mean, i am wondering the ecosystem effects of this. maybe even on devices that connect to a smart phone, smart home devices, not even just the phone components themselves. should investors be thinking about the chip makers who play there as well? >> yeah. definitely i think, you know, smart home iot devices, are these are kind of adjacent markets that chip

companies are going to benefit from they're a leader in terms of voice processing technology. they're going to benefit and xpi with ultra band technology so, yes, there is going to be a wide-ranging kind of iot devices that are going to ben fefit fro this p proliferation. machine to machine communication is the second wave of 5-g. >> right >> you have devices connecting to each other, oversell your network. and once the coverage expands, once we get to millimeter wave which is almost five, six times higher than six gigahertz, then you'll see machines communicating over cellular via wi fi and blue tooth >> millimeter wave, that's when we talk real bandwidth raj, thanks. >> thank you

appreciate it. >> don't forget about amazon's prime day set to take place tomorrow frank holland looking at some of the prime day problems for us. >> good morning. prime day sales are forecast to increase 40% to over $6 billion according to e- marketer even as the retail holiday shifts closer to the holiday shopping season items purchased and shipped are in prime day also expected to increase more than 40% from 175 million last year to 250 million this year. that is expected to give a boost to ups amazon shipments account for 12% of the annual revenues fedex and amazon broke off their relationship other retailers are also launching competing sales. expect to boost online sales overall, what will mart which has about 5% of the e- commerce market having the big save event from october 11th to the 15th. target and best buy also offering deals schippers have been seeing holiday like volume since april.

prime will likely strain capacity even more amazon's on time delivery rate expected to fall to 94% during this prime week. p that's actually improvement over 2019 where it fell to 92% it just isn't good and leads to a lot of complaints. also again, a strain on capacity the upside for ups and fedex, prime day will provide a sneak peek of the holiday peak last quarter both saw the ground val spike, fedex by 31%, ups 25%. and residential deliveries are made by ground this additional volume will provide an opportunity to figure out how to maximize this unprecedented holiday season where online sales are expected to be a record 22% of all sales. will back to you >> all right frank, thank you and as we head to break, let's look at shares of twilio here up 6% after the company announced a deal to buy customer data platform provider segment for $3.2 billion in twilio shares

that deal expected to close during the fourth quarter. "squawk alley" will be right back after a break before we talk about tax-smart investing, what's new? -audrey's expecting... -twins! ♪ we'd be closer to the twins. change in plans. at fidelity, a change in plans is always part of the plan. this was the theater i came to quite often. the support we've had over the last few months has been amazing. it's not just a work environment. everyone here is family. if you are ready to open your heart and your home, check us out. we thought for sure that we were done. and this town said: not today. ♪

carl, ho house leadership is saying don't expect any votes because of the failure to reach agreement on another relief package. this comes after talks broke

down over the week once again with both democrats and even republicans voicing objections to the white house's latest proposal democrats say the offer falls short and everything from childcare to worker safety protections. it also said the administration lacks a national testing strategy and that the amount of money and the way it will be distributed are holy unsufficienuwholly insufficient they talked about increased funding for state and local governments to the ballooning $1.8 trillion pricetag this morning on "squawk box," gop senator kevin kraumcramer s it up. >> republicans say the pricetag drove up a lot of debt >> senate republicans would rather focus on the supreme court hearings going on right now. but president trump had other ideas. tweeting this morning that democrats are getting too much

time to talk during the scotus hearings and personally, i would pull back, approve, and go for stimulus for the people. carl, that is a lot to put on the plate of senate republicans this close to an election. back to you. >> indeed. thank you. the president also tweetsed this morning stock market up big which technically checks out we're closing in on 3530 which is about 50 points away from the all time closing high in early september. chief equity strategist bob doll is with us to talk more about that >> hi, carl. >> so the question is why is the market up big? the comps up 2%. are we going to get stimulus whether it is in a lame duck or january? >> i think the market is saying, hook, higher probability joe biden gets elected, if we wait until then, we'll get a bigger package. isn't that great news for the

economy? >> i'm not sure i agree with that logic of that's what's going on. on top of that, you know, you had better news on they'rapeuti and vaccine development and retracement and the concern about the contested election that's backed off some can you get potential pods as you implied, we gaund two-thirds of what we lost in that nasty september almost 10% correction >> so go back to your bit about stimulus you're not sure a package is necessary right now? >> i think there is mixed analysis on that my view is the economy eventually needs awe package they're going to run out of steam. look, we're in that v period which is in some places wave to something that is a little more irregular. not the same pace.

>> that slow down will tun in my view if we don't eventually get another stimulus package there are some industries, some businesses, some individuals that needed to get through >> bob, how much volatility are we likely to see if a democratic sweep look mores likely? >> well, i think the market is going to have a bunch of different reactions depending on the time frame which i guess implies volatility as you mention, i think right now it's focus on if we get certainty on the election, that's good news rather than something's contested. ut was joe biden maub we'll get, you know, maybe we'll get two point something shortly after the inauguration that's good news for the economy. but eventually, the market is going to say but wait a minute, joe is cam pawning on higher taxes. if i take the corporate tax rate to where it was that, is 10% to

15% reduction in earnings. if we do the same thing higher taxes on higher income americans, capital gains, dividends going to ordinary rates, that is a much higher hurdle i think we'll get some volatility, yes. >> bob, you know, there's the creeping narrative around the street that we're due for a rate scare, especially if stimulus is large and comprehensive. that's what it is starting to reflect. where do you think that stands >> this is a great issue, carl it needs a lot of discussion there are many reasons people have given for this move from the low 60s to the high 70s basis points for the ten year. there is a surprise to me is it's taun that long for this to happen i mean, given everything else that improvement in the economy, better stock market, better commodity prices, i would have

thought we had a chance of a ten year treasury closer to 1% i'm in the camp that says rates moving up, that part of the curve and further out would not be a surprise at all >> by the end of the year? >> you know, i this i so >> we have a couple months more. the if the economy is okay, look, we're about to get a 30 something print on gdp for the third quarter. my guess is third quarter earnings are going to exceed expectations and say the economy is okay. what are we doing pricing the ten year at, you know, 78 basis points >> we're going to start to lerp mo learn more about that in 24 hours. it will be a busy week bob, thanks. good to check in with you. st. >> all the best. >> and meanwhile, google parental fa bet getting a in you street high price target today

deutsche banc raising estimates saying improvement from youtube, search ads, and more throughout the third quarter and view the valuation as compelling relative to the broader market. shares there are up almost 3%. "squawk alley" will be right back

welcome back, everyone here is your update. a wisconsin judge upheld governor tony evers ortd requiring masks be worn indoors. uk prime minister boris johnston announce pd a new strumpf lockdown measures covering all of england including a ban on households mixing indoors in hard hit areas the move seeks to reduce confusion over existing safety rules. in it washington, confirmation hearings for amy coney barrett have begun

and it hasn't taken long for democrats to criticize the process as rushed and politically motivated. >> as to this charade, big donors may love it but americans see what is going on they see this ugly hasty hypocritical power grab and they know what it means for their health care in the midst of a pandemic for republicans, there is it no washing your hands of responsibility >> you are up to date. that is the news update isth hour "squawk alley" continues after a quick break. 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.

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we turn back to apple and the big iphone event tomorrow. specifically what can investors expect from the stock? especially given what we've talked about as far as what they can expect from 5-g's impact on other stocks and on component makers da davidson's tom forte with us to discuss tom, i'm worried that investors might think this is the big 5-g moment but because the networks aren't ready, maybe it comes half way through the cycle or even next cycle. you have a buy why in. >> so, jon, those are excellent points stepping back to the way i think about it is who is better at managing hype than apple and when you think about the hype for 5-g and what faster, wireless connection speez can mean to consumers, i think that

sets up incredibly well. you bring up great point though. the networks may not be ready for prime time for an extended period of time, but it may be a limited experience right now to major cities and even select portions of major cities and it may not be available broadly across the u.s. ever or outside of major cities for a couple years. but i think the hype cycle sets up beautifully for apple >> so given that and given this pandemic that we're in right now, what are the most important features for apple to hit a home run on do you think this is a screen cycle? a camera cycle video conferencing, what >> of the choices you gave me, video conferencing so i think the beauty for apple is an u phone on a faster network sells itself but i think apple can say you're working from home. you're learning remotely wouldn't it be nice to use an iphone and to not have more

internet interrupted on a zoom call because you're on a 5-g network. i think video conferencing, i have yoe in general, watch apple tv plus in addition to netflix on the 5-g iphone. i think that will be very compelling selling point for the company. >> tom, in terms of pricing structure, is the betting that directionally pricing and asps go higher in an effort to protect margin >> i think they didn't rauz prices much. they were much more careful with their pricing. this year i think they have the ability, especially on a bigger screen 5-g device to have what is hiss tore ukly the highest price point for an iphone from apple. >> so given that, how should with he be thinking about unit sales, right, what is the new

bar if in fact the things will be a tad more expense you have >> you have a great question the way i think about it is 5-g also to jon's earlier point will set up a multiple year cycle with unit growth for apple but given you have the se earlier at a lower price point, carl, to your point, maybe you won't see the robust huge growth sales from day one given the higher price points and the current state of 5-g network buildout >> tom, kind of larger picture wise, the iphone's real job is to selnet works. right? from the beginning that is why it was subsidized. do you think we're going to see more subsidies come back this time or maybe some other methods at making the iphone more affordable carriers need to get people on t the 5-g networks they're

spending out is this going to happen this cycle or next? >> networks need to have this unit growth and this success, therefore, it's possible that they could supplement the price. apple put in place the own use to apple card, have installmentes with no interest and then i think they're talking about having, you know, essentially iphone for life potentially going for that trade mark i think apple set up with apple card no interest installment payments you make a good argument that they may supplement the price if necessary. >> finally, services are those an important part of this announcement tomorrow or have we got and what we have expected to get from wwdc and from the iphone event last month? >> the bundling is the most important point. they're going to showcase how the services, especially video with apple tv mus and music are

going to be fantastic on a 5-g network. >> all right great setup, tom watching apple stock itself and the impact of this event on that tom forte, appreciate it >> thank you >> as we go to break, the competition for your dollars is heating up between two big players, shopify and amazon. who is going to win that battle? we broke down numbers. we're going to share them th u tea eak.wi before we talk about tax-smart investing, what's new? -audrey's expecting... -twins! ♪ we'd be closer to the twins. change in plans. at fidelity, a change in plans is always part of the plan.

this was the theater i came to quite often. the support we've had over the last few months has been amazing. it's not just a work environment. everyone here is family. if you are ready to open your heart and your home, check us out. we thought for sure that we were done. and this town said: not today. ♪

amazon's primeday a big deal but some alternatives are emerging kate rooney has that hey, kate. >> investors are pouring into another e-commerce name, shopify. they help merchants take payment and set up thur own website. the stock is one of the biggest winners during the pandemic. take a look at shares year to date 175% up. that is by small businesses quickly moving to sell online during the pandemic and, of course, a rise in e-commerce the merchants brought in record sales this year. last quarter the value of goods sold on shopify grew about 919% year over year for the highest mark ever. that was almost 50% higher than the previous record set during the last holiday season with the fourth quarter in 2019

the holidays are historically a boost for shopify and the rest of the e-commerce giants thanks to the stock's runup this year, analysts say a lot of that success is likely priced in. the stock is way ahead of the record sales price to sales ratio is nearly triple the five-year average if if you compare it to amazon, the price to sales ratio is about 12 times higher. morgan stanley is waiting for a pullback they came in at equal weight with a price target about 10% below where shopify is trading to day back to you. >> kate that, is interesting the way i see it, the potential in shopify is it gets between small business and then those huge names like amazon, like facebook, that people have tended to see as the only way for small business to make sure sales. they become this platform to offer them options and distribution but the analysts who are waiting for a pullback seem to be valuing them as just a retail

channel. is that right? >> i think you're right. they say that the price -- the success of shopify even one anl ust said if they met their sales target up until 2030, that would be priced in now i think they're waiting for even a 10% pullback but you're right i think the small businesses that typically would look for amazon or facebook have flocked to shopify they have had a good mix of smaller businesses and bigger sellers on the platform. >> all right great stuff. thank you, kate. >> and some vaccine news out of washington today astrazeneca scoring a $486 million deal with the u.s. government to develop and supply up to 100,000 doses of the covid-19 antibody treatment. a sum limilar class of drug wase to treat president trump last

we week they plan to supply the doses for the end of this year (music) anncr: give customers access to precisely what they want, when they need it the most.

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we have been talking about tomorrow's apple event, the he fekts it will have on the stock and chip suppliers largely we touched on the 5-g angle. let's go deeper on 5-g now bob o'donnell is from networks

research you had a great piece on this in forbes my concern for the investors out there is that people might think this is the big 5-g moment but maybe the 5-g networks aren't ready. >> yeah. you know, it's a great point and that is the concern. the networks have been scrambling they're not going to tell you that we all know they've been scrambling to get ready for the i-phone 12 launch. 5-g was introduced a year ago but it's been slowly but surely getting there. everybody knows the big hit is iphone 12. so there is a lot of work done there is also been a lot of recognition recently and this are some articles that suggest and show in fact 5-g network performance these days isn't that great remember, we were promised like 100 x and oall these crazy amazing things and we're just no the seeing it yet. the last thing i'll throw-in

there for a second is there are very different types of 5-g. and that point is really going to come home and people are going to start to realize, wait a minute, no the all 5-g is the same there is basically three flavors. you have the vanilla, strawberry, chocolate. i'll describe what i mean in a second but no ez athose are very diffet things apple has to educate the market as much as anybody else is >> i'm not sure people want to get into the low band, mid band, high band 5-g. they just want a faster phone. but here's my question though. is the wave now really the thing that is the big deal and ignore everything until then? or on low band 5-g, do you get enough improvement in the consistency and the stability of your connection that that's going to give people a good experience and drive up sales for apple and others >> it's a good question. i would argue actually, john, it's the mid band that will matter the high band is the chocolate is super fast but super short.

think of it luke a wi fi hot spot the low band stuff is, frankly, not much different than 4-g. but the mid band stuff, this is where t-mobile has the advantage versus the other carriers for now at least that's where you're going to start to see 10 x better performance as opposed to 1.5 x on the loaned but in a wider area so that's what's going to be interesting. the i think right now a lot of people are going to get the 5-gi phones and be a bit disappointed now the bigger question though that you raise beginning is, wait a minute, what about do people really need 5-g right now? we're all working from home for the most part. we're not out and b the networks are not there. is apple going to get this big boost if the iphones i don't know it may not be the rush eventually, yes. we'll see this people know they have to have 5-g. it is the future but do they need it right now? is it going to help them in the short term i think it is a bit more muted

than expectations. >> i know you're not a stock analyst. i want to frame a question this way. if investors are pricing in 5-g impact from an iphone, are they in fact pricing in next cycles iphone not this cycle's iphone do you think >> i cycle's iphone, not this cycle's iphone do you think? i think that's a fair question i think it's going to be mostly in next cycle. i think things should start to hit. we're going to see much broader densification of the networks. that's where the networks may get better and faster. even if you buy a 5g phone today and it's slow, it's going to get faster over time it gives you the best possible 4g performance that you can get and right now that's the are ret for most people. >> well, we'll see if people can get excited about "it's going to

get better." thanks >> and trying to change the way you wash your hands. we'll talk to the ceo about the technology behind that service veor names starbucks as an en we come back, nasdaq up 2%. some things are good to know. like where to find the cheapest gas in town and which supermarket gives you the most bang for your buck. something else that's good to know? if you have medicare and medicaid, you may be able to get more healthcare benefits through a humana medicare advantage plan. call the number on your screen now and speak to a licensed humana sales agent to see if you qualify. learn about plans that could give you more healthcare benefits than you have today.

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our next guest is behind the technology that several restaurants are using to determine if employee's hands are properly washed. the ceo and co-founder is with us today >> good morning. thank you for having me today. >> walk us through the origins of how this company began because i think it was probably pre-co-describ pre-covid and how the technology works. >> pathspot scans employee's thoonds s hands to see if they have any harmful contamination to make

someone sick in less than two seconds and using the data to ensure that hand washing frequency and ek f kficacy is b followed i started my career in the research space i spent time building technologies for the developing world and performing research as well as working around the kilimanjaro region, building low-cost medical tools and technologies for resource-constricted settings and this opportunity allowed me to start seeing public health issues with a different lens when i returned to the u.s., i started to see all of these public health issues here domestically that i felt like also could really benefit from low-cost but medical grade solutions, and that's when i got really interested in food-borne illnesses and the impact those were having. years before obviously everyone started to really focus on hand

washing and coronavirus. >> yes the market definitely came to you in many ways it doesn't directly detect code 2, i guess the employees if your employees were washing their hands enough, you lessen your chance of a coronavirus breakout >> by encouraging frequent and effective hand washing and looking for common come tntamins >> i think i speak for many when i say i need this for my 9-year-old is it possible to separate that

light-based speck trtroscopy portion so that we parents have have a case to say, hey, you can do a better job washing your hands. >> i think we can all imagine this is something that would be applicable in hospitals, schools, nursing homes, airports, even consumer use as you mention. our patent portfolio includes a ton of difference instances and use cases. >> when you talk about low cost, how low are we talking about it's easy to imagine this as something a national chain could easily afford for a lot of its doors but that a mom and pop, which is already struggling with a most of other, use, namely paying their employees, that this would just be one more added cost, that it would be highly discretionary >> this is something that we've worked incredibly hard ono

one of our primary missions is to make this affordable and available across the board we sell the units for a monthly cost that's the same as just a couple of hamburgers in a usual location we want this to be something where it's decreasing overall costs for these establishments because they have more tools and infrastructure around hygiene and monitoring compliance that takes away some of that manual time that would be required and allows us to be a little bit of a more seamless component. we work with all of our partners to make sure this is something that is affordable so it can be used across not only large chains but mom and pop loaf kags as well. >> what is your status as far as funding goes i believe had you a series a aza raised, are you raising more are there any bottle necks

>> we raised over 10 million and have been fortunate to bring on real partners with those investors, something i always really wanted and valued in bricking on investment capital, was not the capital only but the team members that work joining our team as investors through that process we're definitely in a position having recently closed that that we're able to grow our team to meet the compounding demand that we've seen as a result of not only the pandemic but the added awareness and emphasis on hand hygiene and hand washing across the board. but we are always open to bringing on the right partners at the right time and i'm constantly thinking about and open to that situation as it arises >> fascinating we're so used to seeing the sign in the bathroom, "all employees must wash hands. now with this perhaps the restaurants know >> thanks. good to is see you. >> have a great rest of your

day. >> people are buying some stocks here it's hard to get away from a positive number when apple is up 6% leading into tomorrow's event. k >> we'll see if people buy iphones as much as they buy the stocks >> a lot headed the way of apple and the banks. i'm scott wapner why some are calling the company's event tomorrow the biggest in years kevin o'leary is the manager of otf. the nasdaq coming off its best week in early july led by, as carl said, apple joe, a nice ra