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tv   Squawk Alley  CNBC  December 24, 2020 11:00am-12:00pm EST

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good morning, it is midnight at alibaba headquarters in china. it's 11:00 a.m. on wall street and "squawk alley" is live ♪ happy thursday welcome to "squawk alley." i'm jon fortt with carl quintanilla and julia boorstin we're going to try to give you a peek at the future, what tech trends will be important in 2021 will 2020 winners continue to run? j joanna stern is going to give us
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a consumer tech take we're going to hear from marvel's ceo on semiconductors, carl >> yeah. we're going to kick it would have a real treat, jon our first guest this hour, giving us a sneak preview of her best tech predictions for the coming year, "the wall street journal's" joanna stern joins us this morning also, of course, a cnbc contributor. merry christmas, happy holidays, good to see you. >> good to see you too happy holidays. >> we've got -- i love your list i just want to go through what i'm guessing is one of your favorites and that is it's going to be a big year for, i don't know, a stair step function of the chip >> you know how much i love lap tops i do think -- let's set this straight 2020 was the year of the laptop. it was a huge year we relied on them much more for work, for school and then apple had this giant announcement at the end of the year where they improved the mac book air and pro with their own chips. so 2021 is going to be catchup
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for all the bug pc manufacturers and for the chip makers. i spoke with the president of qualcomm a couple weeks ago. he said that they're working with all the major pc makers and they expect much more to happen in this space including 5-g and lap tops which you know is my other favorite topic >> all right so it's more than an apple will story, right it's more than an apple echo story. >> definitely. definitely because the move away from intel has been actually happening. it's been happening in our mobile phones for years, right we're all used to using phones with lower powered chips those chips are just going to be -- like basically in everything we use. i don't think it is crazy to expect more companies them tefltefl themselves, get into making their own chips. we're hearing rumors that microsoft may be doing that amazon does some of that with the server side chips i think it's just not crazy to think about all the big tech players making their own chips
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>> joe an yashgs i wa >> joanna, tell me what you're expecting in terms of home fitness and remote health care >> yeah. i mean, i think we have to look at everything in 2021 through the lens of 2020 and what we all -- i mean it was a giant transformation of society of what we do and i think a lot of that continues to stick around so even if gyms open again, which they will and many have, many of us have gotten comfortable in, woulding out in our own homes and using this connected equipment. so, again, i think it's going to be a huge year for seeing some of the connected equipment also i don't think it is crazy to think about the big tech giants getting into that space. apple dipped the toe in the water with the fitness plus connected to the watch amazon will get more into the space. they just released the first fitness band so i think, you know, this idea of not only the fitness trackers and the smart watches but also the connected equipment, the treadmills, bikes, rowing
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machines >> joanna, your gutsiest call in my opinion is that this will be a big year 2021 for augmented reality. because pokemon go what was so long ago facebook has too what is going to make 2021 zmifrn. >> i will will say, i think it's going to be a year we hear a lot about it i still think we're looking at 2022, 2023 for actual connected head sets that are the crazy future things we're talking about. that said this year facebook said they're going to release a pair of connected glasses that dlsh is a couple different reports out there. but that they are going to be made by rayban or partnering with rayban and cameras in it, microphones in it. unclear yet if you'll be able to see projected things in the area but certainly this is going to be a big year where people are stepping towards that bigger
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connected head set and we're all wearing glasses that spy on us all the time really. >> but joanna, i'm with jon on this i remember google glats t glass. so long ago. something came of it snap has the spectacles, that is more about collecting video. what are these devices really going to be about both this coming year and beyond i'm -- i have to be skeptical after so many years of talk about this >> honestly, i'm just as skeptical. i don't -- first of all, i don't want to wear a big nerdy thing on my face which was the case with google glass. there is privacy concerns around that the thing didn't look cool. and then on top of that, it didn't do that much for you. it didn't do anything that well. so the companies have been hard at work to build the augmented apps google is doing it in our face by putting augmented reality on our phones and really ramping up the a.r. kit with the apps
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wlachlt can you do with the apps are amazing. but that has to come to the glasses for it to actually be useful and then what are the use cases that they're actually useful and i hope we hear more and more of those things answered in 2021 but i'm not sure we are. i think we will see stuff and we'll definitely seat glasses from facebook which, you know, i think will probably create a bit of a storm for them. >> joanna, we can't really have a discussion about next year without asking you your take on what happens to remote work. maybe it's not so much a tech prediction as a prediction about the nature of work and how often we're all going to see each other next year. >> i'm still hoping that in the next year i can continue to appear on this show in my sweat pants and my slippers. i don't necessarily want that to change but i also would really love to see you guys in person i think there is real vool valu that
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i think we'll see this hybrid model of not everyone going on cnbc and seeing you wonderful people, we'll see this model of working from home, getting together in person with colleagues to at least build the trust and camaraderie back that was lost in the last year. i think we're all really struggling with that zoom connection we'll see some tech to enable. that there are a lot of people looking at the video conferencing space and even in terms of hardware, how do they make the transition from going from home back to the office more of this sort of back and forth easier >> yeah. the solution is to come to your house and broadcast from there then can you stay in your sweat pants and see each other >> that is a really nice setup >> yeah. >> seven welcome >> i'm curious about dedicated video conferencing equipment zoom has stuck its toe in the water there. i expect it doll more of that. i believe facebook has as well you think that's a category that won't take off
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it seems like if any time is going to be a time when people are willing to go for that, it will be 2021 they're allowing people not in the offices to talk us to. the do we have that at home? i think we're going to see improvement in web cams on laptops. this is my big thing i'll continue to come back on the show in the next year and i'll continue to keep saying these are crappy web cams, laptop makers. i think we'll see improvements in that. the at least i hope we will. i think this idea of video conferencing just not going away i also want to say not everything has to be a video call maybe question all go back to regular phone calls. we don't always need to see each other. >> joanna, i have to ask though as people do start to venture out of the home and maybe do change out of the sweat pants, what is the technology that is
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going to protect us? better masks, other things that might make it safer for us to be out in the world before everyone gets this vaccine? >> yeah. i think two fun things in this area one, i think we're going to see a bunch of -- i keep saying crap on this show you should give me a lower third that says the crap hater we're going to see masks that claim to protect us more with fans and air purifiers we'll see. i'm excited to test some of that i already started seeing a lot of that being pitched to me around the consumer electronic show coming up in january. i think we're going to see in this area more around a tech that may help us social distance one company has a gag and came up with a sweater that sounds an larm if someone comes within six feet i think we may start to see more of of this stuff in this area. the other category is as we
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start to commute back, we're going to see more in terms of our personal transportation versus using public transportation i think e-bikes and scooters will see a surge in the year >> a lot is riding from municipal standpoint on getting public transportation, ridership up to a level where it is cost efficient, absent any further aid. it doesn't sound like there will be a big rush back to those systems. >> yeah. i mean, i look at my own life f i had the opportunity to take a scooter or a scooter or e-bike two miles to work or subway, which am i going to pick in the new year and you look at the investment the prices of the e-bikes have come down. scooters are way down. even the companies like line and bird are selling the scooters. so i think i just think it's going to be a no-brainer for some people who have had shorter commutes >> where can people read more about your list?
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it is already out? >> it's not out. we're going to have it out next week you can read it at the "wall street journal" newspaper, wallstreetjournal.com. that's where you can find me >> joanna, thank you for the sneak peek have great holiday weekend we'll see you soon. >> have a good holiday, everyone we just talked about consumer let's talk about enterprise. it's been a big year for the cloud as we told you here on "squawk alley. josh lipton has more on what lies ahead josh >> so, jon, one big winner amid the pandemic and the lockdowns, the cloud. investors clearly decided this is a smart place to commit capital. check out the wcld, the cloud computing etf. hitting a fresh all time high this week. it has skyrocketed about 120% in 2020 and nearly 200% since the march low.
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check under the hood of that etf. some of the big winners include zoom, fastly, cloud flair, cloud strike and z scaler which enjoyed remarkable runs this year the pandemic forced us to work, play, learn, and shop more online these are the kinds of companies that help enable that transition but now looking ahead, what about 2021 da davidson says he expects the momentum to continue even after this pandemic ends he bets that our new normal is going to look a lot different. for example, more people have come to understand, he argues, that working from home can be very efficient and initial he says companies will continue investing in their own digital transformation how is he playing it the top picks, zoom, viva and tulio which surges about 270% this year. i also checked in with piper's jim fish
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a lot of good news is now priced in valuations, jim says, are stretched and there is compelling continuing ring central, he's betting. 59 and akamai. >> josh, very dramatic stock moves there. thank you so much for joining us now look at the biggest winners of 2020 continues next the ceo of marvel technologies that stock is up over 120% since mid march. a big show of "squawk alley" is still ahead. stay with us over the course of 35+ years we have grown to become the world leader in sourcing, producing, and distributing fresh hass avocados, serving customers in over 25 countries. and we are thrilled to list our company on the nasdaq. we will continue to focus on long-term growth, innovation and strategic investments
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and we will continue pioneering the world's avocado revolution.
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welcome back marvel has been one of this year's best performing stocks. up more than 70% since january doubled off the mid march lows now a member of the nasdaq 100 where it began trading on monday marvel technology ceo matt murphy joins us now. happy holidays great to you have back so what does 2021 hold for you strategically? big year overall you announced this deal for about $10 billion which is huge. how is 2021 different than 2020 from a strategic standpoint? >> sure. thank you, jon happy holidays you to and the whole team over at cnbc.
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we're very excited about 2021. as you noted, wended t ended th with a lot of strong momentum. whether we look to 2021, there is a tremendous tail wind overall for the semiconductor industry and for marvel specifically you can see the activity on 5-g, spectrum and licenses that is going on right now the numbers are astronomical in terms of what the spectrum is going for in the united states you have cloud computing which i think is set to have a very strong first half of the year. and then finally, the automotive sector rebounded very strongly those are marvel's three focus areas and i think we're extremely well positioned in 2021 >> matt, one potential big sea change in semiconductors is this move by many powerful companies
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to double down on arm technology and build their own solutions they used to go outside to names like intel i know you're not in that exact corner of semiconductors but does that trend affect marvel and all if so, how? >> yeah, john, actually, it's a huge opportunity for us. i was watching earlier when joanna is speaking so on the consumer side, clearly arm has had a strong position in mobile phones and now some of the laptop applications. but what you may not know is that marvel is probably the most important partner of arm in the data infrastructure market applications like 5-g chip sets, enterprise networking, cloud computing, marvel is a designer and a leading supplier of high end micro processor technology based on arm for the infrastructure and as it relates to the large
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system oems, designing their own chips this is a huge opportunity nor us absent only a few companies, apple being one, when you hear a system oem talk about doing their own custom chips, almost every one needs a sill con partner with the process technology platform, the packaging capability, and the advanced ip to go put the chips together, manufacture them and we're seeing a huge uptrend in our business as we see in the custom chip business with did he very important announcements in the last few months around our five nanometer platform it is being very well received by enterprise customers and as well as in automotive. zblfr matt, tell us a little bit about the integration of your acquisition of infi. this is a huge deal. $10 billion deal how will that really transform
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what you're able to offer next year >> sure. it is very transformtive for us. and, you know, we announced it, you know, just a couple months ago. we're going through the regulatory approvals right now but we expect to close that transaction in 2021. and when we do, we are very excited about the combined company's position in the cloud infrastructure market. as john mentioned earlier, there is a huge movement towards custom si custom silicon and the high speed data and interconnect which connects various servers and pieces of networking equipment inside the data
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centers. they have the ip and technology to be the most important pieces of the cloud buildout that is going to be occurring not only next year but in the coming years. >> finally, matt, i hope you'll entertain not a tech question but more of a management question which we're going to be posing to business leaders in the months ahead and that is, what are your thoughts on whether or not companies should be considering or implementing vaccine mandates for employees who are coming into the office? what i would say is we have a tremendously dedicated team, you know, globally in marvell. that is a reason the company has executed extremely well. you know, we got18 new chips this year, all working from home and we've been very sensitive
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and had very much an employee first health first type of mindset. so as we look to things like how to think about getting our workforce vaccinated, how to think about returning to work, those are things where we're going to be very considerate of the employee point of view and certainly their preference but i would say that while the there is no substitute for in person get togethers we're a design company we need to get our teams and our engineers in certain groups back into the office. and we're going to be very active in this area very mindful of our employee concerns and balance that with our need to continue to drive-in ovation >> yeah. sounds like that tight rope walk that a lot of executives are
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trying to figure out right now you continue to do it. matt, thanks for being with us happy holidays >> the happy holidays, guys. thank you. we continue to watch alibaba which as we said earlier this morning on pace for the worst day ever in the united states. was down 14 earlier. now down almost 17% on the news that china has opened up another antitrust investigation into founder jack ma. we'll talk authainbo tt a bit ♪ ♪ ♪ ♪ ♪
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it essentially forces merchants on the sites to work solie with alibaba as opposed to
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the competitors. separately, it group, partially owned by jack ma was also summoned in by other regulators for a discussion about fair competition as well as consumer protection so these moves come after regulators were present. and in that speech, he suggested that chinese regulations kill innovation and that the regulators are part of an old man's club and finally that, chinese finance can't have systemic risks since essentially there is no system here he is going to be very outspoken. but these remarks are especially egregious. he won a lot of money over the years. it came right before he was going to become even wealthy we are theant ipo then you throw on top of that authorities here were already concerned about part of the
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business where it loans out money and the state banks take on a lot of leverage so investors at this point are not sure how big the impact is going to be. but there's been a lot of concern that some of the bigger players such as alibaba are going to face fines, changes to the business model in an extreme example of some folks saying there could be an end to the vie structure. that is seen as a nightmare scenario that is for foreign investors to invest into chinese or to invest in chinese companies what i thought was also interesting, guys, slookilookint the stock price of an up and coming rival to alibaba and the stock actually rallied the last time i checked, it was up 11%, a possible and likely beneficiary from all of this investigation. one thing though, jon, is that there is as we have been
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discussing to day, a saving grace, if you will, for why beijing won't go so far as to say breakup alibaba. and that is that china still wants to have national champions. and a lot of the private companies are the ones that have the national champions so that seen as a reason not to clamp down too hard on some of these major tech titans. in fact, we saw that suggestion in state media where the official people's daily said the bottom line of the investigation is just to have better development for the entire industry, not necessarily to come down on any one company >> thanks. it looks like they're up about 9.5% at this point and that national champion bit is perhaps good news for alibaba and its investors. unclear what that might mean for jack ma. but thank you as always.
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and coming up, shark tank investors and cybersecurity expert robert is going to join us on the solarwinds hack. that is next don't go anywhere.
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welcome back, everyone i'm sue herrera. here is your cnbc update at this hour britain and the european union have struck a trade deal details remain scarce but the agreement should avert new year's chaos across boarder
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commerce european commissioner quoted t.s. elliott to say now is the time for europe to move on from the contentious brexit talks. >> what we call the beginning is the end. and to make an end is to make a beginning. so to all europeans i say it is time to leave brexit behind. our future is made in europe >> uk prime minister boris johnson says that deal will allow britain to make its own decisions and plan its own future >> it will not be a ban for the eu to have a prosperous and dynamic and contented uk on your doorstep and it will be a good thing. it will drive jobs and prosperity akrcross the contine. >> julia, out to you happy holidays
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>> happy holidays to you as well, sue. tech companies and software securities are on high alert after the massive solar winds hack attack. joining us now is founder and ceo of cybersecurity firm robert hershovek who is also an investor on "shark tank. thank you for joining us the more i read about this hack, the more horrified i am. so i guess my first question to you has to be whether is this something that should have been detected earlier over the many months this infiltrated u.s. companies, 18,000 u.s. companies or was this hack so sophisticated that you are not surprised it managed to sneak through >> yeah, boy, that's a great question i mean, what we know is it's been there for a long time it's very sophisticated. i think what we've seen this year is a level of sophistication these attacks is
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at another level the u.s. government thinks it's russia had immense resources its very difficult to stage these kind of attacks. this wasn't some kind of a rogue corner gang or somebody like that or a hacker in their basement this was nation state level attacks. it doesn't surprise me it does concern me and it makes me want to make sure everyone is taking care of their security >> i mean, robert, i read various statements saying there is some infiltration there is no evidence that any data or information was accessed or taken how much more is left to learn about the potential impact of this and now that we know about it, can the damage be stopped? or what do you recommend companies do right now >> what we've been doing, we run a large managed security company. we help big companies make sure they're secure so the first thing we're doing
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is we're worried about the nature of the attack and it goes and uses solar winds and creates really fake identities to go to different cloud services we call these lateral attacks. it's not so much what they're going to do in a specific environment, it's how they're going to create the identities and go to different applications, different servers, different cloud services so what we've been doing and what every company should be doing is diving into the connections and seeing if there is any compromise. it's a lot of work you have to be diligent. you have to dive into it >> robert, we don't try to pin down on stock names, robert. but fire eye went from 13 to 25 in the wake of that news obviously news that affected fire eye itself. and some wonder whether the
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markets are rewarding companies that prove to be pia point of failure. >> i noint think point of failu strong word. there is no finality you don't by a palo alto bachl or a group service and you're immediately secure it's a process i think what people recognize with fire eye is they could have done some stuff better but it's a core technology the stock growth i think is more the market seeing tremendous growth next year in cloud services and all the security companies will grow. robert, i'm curious on your take on the government's approach to security and here's the framing of my question we've seen over the past few years some government agencies attack the idea of encryption.
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saying that they want back doors to private companies encryption. yet in the solar winds hack, we saw that the perpetrators were able to get encryption keys which to me speaks to the idea that if the government had a back door this is the sort of hack that would have allowed the hackers to get access to that very same back door. we've also seen the government kind of banning apps, technology from certain countries my concern is that if you focus on the countries and not on the attack investigators and technologies, you may end up missing other sorts of attacks from companies that seem to be friendly like solarwinds is an american company but it was compromised what is your take on what the government's approach to security has been thus far and what it needs to be from here? >> well, first of all, that's an amazing question very, very well asked. and that's the root of it. and that's part of of what these identities are trying no exploit is thighs back doors
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the idea of stopping certain applications and focusing on countries to your point, i just think it's far reaching and it's not going to work. people are going to do what people are going to do the applications are going to grow what the government needs to focus more on is protecting their overall systems, protecting the infrastructure and using some of these tools. the problem is the government, like most enterprises, can't hire enough good people. they can't hire enough security professionals. and can't do it all themselves companies need help to manage and look after their systems >> robert, certainly such a complex issue. we know we will want to have you back on to talk more about it. but before we let you go, we want to get your take as someone who runs a company with a lot of employees on the vaccine will you be mandating the
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vaccine when you do have return to work? >> such a difficult question my view always is as an employer is take care of my people for the greater good i think if the vaccine gets to a point where i need people to come back to the office, then my thinking is, yes i would make them get a vaccine. but i also look at from our customer's perspective you know, we do a lot of services we call it manage detection response we actually go out and we do all this work virtually through the cloud. but sometimes you need to go on site i think to protect our customers, it would be -- it would not gb for us if we didn't have the vaccine so my view is to protect our customers and protect our employees, we will ask people to take the vaccine >> thank you, robert
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we appreciate you sharing your perspective on these very important topics happy holidays >> happy holidays, guy >> keep your eye on square today. it was up in the premarket but trading lower on these reports that it's in talks or has been in talks to buy jay-z's music streaming service title. we'll talk about that in a bit aftea ea r brk. (vo) i'm a verizon engineer, part of the team that built 5g right. we started with america's most reliable network, added 5g nationwide for millions of americans and the unprecedented performance of ultra wideband in more and more places where people need massive capacity and ultra-low lag. i'm proud ultra wideband was named the fastest 5g in the world. but i'm even more proud, all that work is gonna make a real difference for you. this is the 5g america's been waiting for. only from verizon.
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janch
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jay-z and square in talks for square to buy his streaming service title. >> carl, jack dorsey's payments company slooking to buy title which has an a list group of owners from jz and beyonce to rihanna. that report out from bloomberg no comment from square, jay-z or title. but why would a financial services company get into music? analysts say it makes sense. in the long term vision for square especially for the ever popular cash app square has built the venmo competitor into a power house with more than 30 million users. the momentum is the big driver of that stock's 260% rise year to date. even as square's core payments hardware business was hit during u.s. shutdowns every product that square launches is to drive more engagement which results in more revenue per user the end goal for square is to be a mega app where people manage finances,
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pay friends, and in this case listen to music. he points to apple's itunes store and that closed loop system as an example this would fit in with square's growth strategy and the cool factor iggy azalea and other hip hop artists have written cash app into the lyrics. dorsey highlighted that on a 2019 earnings call square also launched a clothing line a few weeks ago with hoodies and sweat pants and last week square did a bitcoin give away about the. m & a track record has been lackluster caviar is the most recent high profile example. they bought the food delivery app and sold about it five years later to doordash. dorsey is known for being great at building these things internally, not so much for buying them. guys, back to you. >> yeah, that's right, kate. very interesting move if that does go through. thanks so much for joining us. happy holidays meantime, from the music industry to the movie industry,
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warner brothers is doing what they call a hybrid release of its next 18 films. very bold new approach to the distribution now wonder woman 1984 will be released on to the one-third of u.s. theaters that are now open and also to hbo max's subscribers here in the u.s. morgan stanley writing that this should support further hbo max momentum, although this will like limb pact the theatrical revenues and create additional costs. the question with theater chains down dramatically this year just how much the availability of big film titles at home will prevent people from wanting to return to movie theaters bank of america writing, "if consume doerntz retu consumers don't return to theaters, it may cause them to want to watch the ahome. warner media can easily mimic the disney playbook of putting a mix of content in theaters and dtc, direct to consumer, separately post pandemic, two-thirds of
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consumers say they want to watch some movies in theaters. but 90% of consumers who did pay to rent or watch a movie at home said they would do so again. warner brothers rifrales universal and disney, they will be selling and renting theatrical releases next year for an additional fee. so, guys, it will be really interesting to see how consumers respond. both to the subscription model of hbo max versus, jon, the pay to purchase or rent of film which is what we've seen universal and what we will see disney do next year. guys >> yeah, julia, i thought about you and this conversation we've been having yesterday because on twitter i saw the trailer to the midnight sky from netflix. i thought, wow, i don't want to watch this on my tv. i want to watch this in a theater. you know, maybe i can't. but that's what i want to do same thing with wonder woman 1984 i wonder if we'll end up coming out of this with a situation
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where the people who want to go to a theater are maybe willing to pay twice as much for that experience because i think i might be for the right kind of premium experience yeah, the people willing to watch for a smaller screen, they'll do that. >> well, i think i'm hearing a lot about that, jon. the idea that the theatrical experience is going to be a lot nicer. your seats will be more comfortable. you'll be able to purchase alcohol and really good food and the idea that going to a theater might be a little bit more like going to a concert, something you don't do as frequently but when you do do, it feels safe and also feels a lot more luxurious. really different from what you would get at home on the couch but, carl, i'm curious to see whether consumers are really willing to go back to theaters in big numbers i mean, we did get some box office results for wonder woman 1984 overseas. it already grossed more than $50 million overseas but overseas, dhoent have hbo max, so it will be a different thing here >> yeah. and as for the stocks, guys, you know this is a week where we've
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had had two firms put targets on disney of $200 plus because disney it appears, jon, got bate of a free pass on the costs involved in this migration and it's unclear, i mean, especially as julia just said, as to whether or not t gets the same benefit on warner. >> yeah. you know, i guess we just seen the trailer on how this plot will unfold in 2021 for sure meanwhile, as we head to break, take a look at c-3 ai down for the second straight day after a five day streak. that saw the stock surge more than 60% you see it's there down almost 2% 2% but still, gro quadrupled since the ipo because it hasn't removed the endless mundane work we all hate. ♪ ♪
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welcome back covid-19 vaccines have strict shipping and storage requirements that has increased the need for supply chain monitoring to minimize the risk of damage. cloud leaf is a private company. it has seen orders grow 500% this year. the president and ceo joins us now. it's good to see you what i understand is that a quarter of all vaccines end up getting degraded by the time
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they arrive at their destination due to incorrect shipping procedures this covid-19 vaccine from pfizer is even harder to ship than usual do you have a sense of how much of it is getting degraded and how much your technology is needed >> yeah. so in vaccine shipments in general, it's a pretty complex process from production through packaging, distribution l logistics. many mistakes occur along the process. what happens is typically, as you move through this chain, many, many problems could happen right from temperature monitoring and quality and the process of delivering right vaccines at the right time on pfizer, we don't have exact data but it's very stringent between
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minus 70 degrees and 85 degrees. normal vaccines are more like two to eight a lot of manual processes are involved in this process so that's where the problems come in. historically, we have been using data loggers they are good for capturing data but you know after the fact. that's where digital technologies are coming in give you real time visibility as the vaccines are moving through the chain. >> we will have an enormous push, particularly it sounds like -- well, probably throughout 2021. but in the first two or three quarters to get this vaccine out. in the last couple of months of 2020, it has not gotten out as quickly as many had hoped. what is going to be the key technology, the key, i guess, contribution that federal, state and local governments can make in order to make sure that the
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vaccine gets where it needs to go >> yeah. a lot of digital technologies. like i said, the manual processes simply cannot scale. a lot of torch poiuch points ale chain. that's where modern tech is coming in. there's a rapid push towards deploying that we are seeing standing up the capabilities so you can see in real time and predict where problems with likely to occur. how do you stop the problems all the way through the storage and delivery that's what we are seeing. digital technologies is the only way to go. manual processes are too hard to manage and control especially when you have shipping at this scale historically, if you look at cdc data, we ship 150 million vaccines in the flu season mobilizing billions and billions of these vaccine doses
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world health organization talks about millions of those. being spoiled by the time they get to the destination can't afford that during this pandemic >> that makes it a literally vitally important technology potentially. the ceo of cloudleaf, thank you for being with us. >> thank you we thank our viewers for being with us. we hope you have a great and merry christmas, happy holiday weekend. wlike 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
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welcome, everyone. it's a special edition a holiday shortened trading session with the markets set to close in one hour, 1:00 p.m. eastern. stocks are trying to hold onto gains here republicans blocking that effort by democrats to pass $2,000 in direct payments to americans after president trump said, the $600

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