and they're showing something that i have been predicting for a long time. i have been predicting it for a long time and people didn't act on it and i think big tech has made a terrible mistake and very, very bad for our country >> good morning, it is 8:00 a.m. at facebook headquarters in menlo park, california "squawk" ally is live. ♪ good tuesday morning, welcome to "squawk alley." this hour "squawk alley's" consumer tech week continues with two of the most important

ceos in the game both of them have electronic keynotes you will hear from them this hour and lisa su from amd is talking about new momentum and new chips to fuel it gm mary barra is not talking fuel at all. she is talking electric vehicles we will check in on julia on tech and social platforms entangled in politics. you got to do that first that is top of mind for so many in the country this week. >> absolutely. and, john, there have really been three big headlines in that social media and tech space. just in the past 24 hours, we had facebook announcing it's removing all mentions of stop the steal. that was, of course, a rallying cry of the rioters in washington last week and you have twitter announcing that they're removing 70,000 accounts related to qanon and have done that just since last wednesday and amazon saying it's going to remove all qanon-related merchandise they

have been selling things that were labeled with qanon, hats, tee shirts, books, spreading misinformation carl, for all three of those companies, you have to ask, why did they wait so long to make those moves? >> it's the question we're going to pose to our next guest, guys. "new york times" columnist shira o'vide and vanity fairs nick bilton who wrote the book on twitter catching twitter good morning to you both >> good morning. >> nick, let me just ask you what julia just posed. that is, did they wait too long and have they overstepped now? >> well, i definitely don't think they've overstepped now. if you had looked at parler in the recent weeks, you would have seen that people were on there calling for the beheading of congress people, attacking government buildings you name it. it was a violent, violent place. it was like the seventh cantore

hell i think they have waited too long someone on twitter told me we have a privacy policy and an ad policy and we've never had a donald trump policy. i don't think we actually saw that happen until they started attacking tweets that were clearly lies and misinformation a few months ago and up until now, they just kind of looked the other way. i think this is the repercussion of that. >> shira, i'm not sure i appreciate nick's point, i'm not sure look the other way is entirely right f. you talk to twitter executives over the years, they have been well aware of what he has been capable of saying their point is he is an elected official he currently holds the highest office in the land and you need to have a record of what he says in some form what, when did that change >> i agree with you. but one of the reasons that

president trump presents such a challenge to twitter and other main stream social networks is that he is the duly elected leader of a large democracy and i do appreciate that twitter and others took seriously that, look, we should have a public record, a place where world leaders can say what they believe without a filter and for people who elected them, or elected to hold them accountable. and i do wonder if what we have seen from president trump is an opportunity to re-visit what is essentially extra leeway that twitter and other companies give to speech from world leaders, that maybe in principle, it's a good idea to let them have a megaphone to reach billions without context and without filtering. but we've seen so many downsides of that from president trump, from leaders in the philippines, from the myanmar military, that

incited a gen siocide on facebo and maybe it's time to relook world leaders. >> the market seems to think that losing trump is a bad thing for twitter. that stock is down since it's band president trump but what do you think as someone who is so familiar with that platform what will the implications be for its user base, engagement, et cetera? >> actually, i think -- look, it's a complete speculation here everyone is completely speculating, especially the markets. i think that in reality it actually may be a good thing for twitter. you know, you had this instance eight months ago where investors came in and told jack dorsey he had to get it together or he was going to be pushed out we've seen a lot of changes happen on the platform, especially around ads and other new revenue streams since then so i think the numbers are actually going to be great in the next quarter

i think as far as donald trump, look, he's been on that platform for ten years, nine years, he's been the center of it for the last five years and their user growth of active daily users has been tepid it's grown by a few 10 million users. and i think that a lot of people went to the platform saw how vitriolic it was and went away and i actually think this is an opportunity for twitter to actually fix itself. and it's been broken for a long time in this regard. >> shira, good morning, it's john fort. so, parler is suing aws on some anti-trust grounds, apparently, which don't really make sense to me but i think the underlying question is, is it okay for a technology platform, a cloud platform, to cut off service to something like a parler and then what does that mean for free speech now, i've got my own take on

this, which is if you've got people on your platform threatening to blow up aws data centers, you can't exactly expect aws to turn a blind eye to that. but how do you feel about it >> yeah. i think i agree with you, john, that i understand the decision that aws made. but that doesn't mean that i don't feel uncomfortable about the amount of power that they v. and really a handful of large technology providers have. right. we think of aws is basically like the electric company. right. and we should take seriously when the electric company decides no, we think this house or this business is too dangerous. we won't serve them with electrical power they may have the absolute legal right to do so as maybe aws does with parler. but, you know, we should think twice when companies one elected ceos essentially make what could be a relatively contritious

decision to turn off service and essentially put a company like parler out of business at least temporarily. >> nick, it's not as if there is nowhere else you can buy power i mean, you could theoretically get cloud services from microsoft, azure or google or ibm or oracle, if any of those want to touch parler and if they don't, well, parler can raise some money, buy some servers and do it, themselves, right >> i think you are absolutely right. i think there is a, i think shh ira is right in exactly what he says easier in the fact that these are companies incredibly powerful and probably too power. there is definitely not a question of that the other problem i think from the view of the right and the conservatives that are saying, you know, freeh and so on. that's not true. these are businesses and they get to decide who is in their restaurant or who is in their

platform or whatever it is and i think that when it comes to the internet, the internet is not saying you can't go on there and say something. it's just the companies that are profitable, public businesses that make a choice on their own that are saying that i think that, you know, are you already seeing parler has found a new place to go for hosting. they won't be in the app store but they're not the first app that's been kicked out of the app store. apple has done this and google and amazon for a decade now. they kick out apps all the time for violating lots of different reasons, including and especially when the apps lead to violence >> shira, earlier today, trilli trilio's ceo jeff lawson was on saying they should look at algorithms that dictate what we read to combat information that's a specific thing to really dive deep into those

algorithms what do you think of thosal ge algorit algorithms and what is practical on how they are regulated? >> it's a really interesting idea i'll mention two things about it first, one of the most troubling things to me about our digital lives is that so much of it is controlled by algorithms that no one outside those companies can see. right? so why is it ut that aunt betty's photos are at the top of my facebook feed why is it that on my netflix queue, i get this movie recommended and not that movie and all of that, which, you know, are essential dictates of what we believe and shaped what we read and consume, that is all controlled by companies and completely closed off to outsiders. so it does worry me that these algorithms are really essential in what we see and what we believe and we don't know anything about them. i don't know what's practical in terms of government regulation,

if anything about those algorithms but i'm not comfortable with the status quo as is the other thing i will make about the twilio's ceo's point is one of the interesting ideas about reforming section 230 which is this kind of bedrock law of the internet that gives a company some legal immunity from moderating content on their sites is the idea of when facebook recommends content to you through the use, through these algorithms, even acting like a publisher, the "new york times" or it's making editorial decision and does that mean in those circumstances it loses that immunity from lawsuits? so i think that's an interesting idea worth exploring >> finally, nick, you know, the street's trying to get a handle on what the absence of trump from twitter actually means. wells has a note today says the artist is no longer present.

they say we believe at least 20% of the u.s. audience on twitter has material levels of engagements with his tweets or related content. do you see the company essentially having a come-to-jesus moment with the street and saying we may have engagement drop by a fifth >> i actually think whoever did that math needs to put a decimal point in somewhere because trump's engagement on twitter was actually pretty bad. you know 87 million followers on average got 100,000 likes and 40,000 tweets or re-tweets on a post only the most, you know, enflaming actually rose up even higher and it didn't really go that high. his engagement on twitter is actually pretty low and has been and i think that, you know, you know, you mentioned i wrote the book what i think is so fascinating about this story is that this was a platform that was started so a bunch of kids could go to raves and be able to essentially

text each other. now it is the platform that is deciding if the leader of the free world is allowed to have a voice or not i think that is the thing that we should be worried about who are the people making these decision and are they making them in a whiplash decision, making, you know, look how quickly this happened. and i this i that the point that schaar shira has made is the most important thing to look at is who are the people running these companies? what are the decisions they're making and how can we avoid something like this happening in the future i don't necessarily know if anyone has actually thought that through. >> i think they're about to. nick, shira, thanks for your time a. great discussion to start the hour >> thanks very much. >> thank you. we're getting some news on boeing orders and deliveries just moments ago, phil lebeau las that for us. >> julia, the final numbers from

boeing for the month of december and for 2020 and while december was a little bit better than the rest of the year, still not a good one negative 17 planes that's how many orders the company lost last month,g the 7 for the year cancellations or the orders were negative 1026 largely because of a slew of cancellations. worst year ever in terms of that deliveries, not a whole plot better n. december, it was 39 planes that boeing delivered remember, they're starting to research up max deliveries 157 planes delivered for all of 2020 easily the worst in a very, very long time. the backlog now stands at 4,223 planes john, back to you. >> all right, phil, back to you. see you in just a bit. because a big hour of "squawk alley" is still ahead. phil will be back with gm ceo

mary barra and later amd ceo lisa su as that company's presentation is streaming th hr.isou "squawk alley" consumer tech week resumes after the break t ls offers investors a broader view. ♪ we see companies protecting the bottom line by putting people first. we see a bright future, still hungry for the ingenuity of those ready for the next challenge. today, we are translating decades of experience into strategies for the road ahead. we are morgan stanley.

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the next guest arguing bitcoin is the new gold standard and help under represented communities. joining us now is assayia jackson, krbe digital assets group and bitcoin expert isaiah, thank you for joining me. >> thank you for having me glad to be here. >> so i should also say are you the author of bitcoin and black america. you have a theory, a thesis, that bitcoin and cryptocurrency can be used to close the wealth gap in under rated communities explain to us how this can happen >> for the first time we have a plan b option to the current financial system which has sustained years of redlining, racial zrim discrimination and another egeneralious aegregious the black community and we can shift our mindset and our money. money is nothing but monetary energy we can shift our energy into

bitcoin and crypto currency because there is no bar year to entry. it is inconfiscatable. it is something we have not seen in the history of the united states for the black community so i think bitcoin is a great step in the right direction. i think it can definitely help long-term. >> i want to talk to you more about the issue of digital redlining. but before we get to that i have to ask you the volatility. i start off this segment talking about the big drop in bitcoin earlier this week. you know, we have people like mark cuban saying there is a bubble you have jeffrey gunlock raising red flags about the valuations right now. how concerned are you that this might not be the right time for people to be moving their money into bitcoin or just the fact that it's incredibly volatile? >> well, if you are worried about the price, you don't really understand what bitcoin is for because on a low time preference, actually, bitcoin has only not been profitable if you bought it five days out of a

12-year history. it's 99.9% of the days you would be in profit and the drop that we've seen recently is nothing more than market cycles. you see dips along the way there were over six 20-to-30 dips in 19,000 back in 2017. what we are seeing now is par for the course the price increased dramatically it does securities & exchange commission over time but if you have a low-time preference, if are you in bitcoin, have a savings account as a way to preserve your wealth, this volatility should not scare you at all for anybody that it does scare, you need to into bitcoin, it's n an investment and something you can trade. this volatility does not scare me it contains a dollar average over time and this is a scarce asset. there is no reason for you to be scared out of purchasing it. there is only a certain amount available and the fact that black people have the opportunity to do that now, we should take hold and do it

simply because there is no other options outside of this financial system to preserve our wealth other than bitcoin. >> isaiah. good morning good to have you here's my concern about crypto advice to black america. black america is under saving, under invested, under banked i advise my friends to color cost average their way into the s&p 500 as a wealth building strategy after they've paid off high interest debt and built up an emergency fund. there is some basic economic well building discipline that you need to build up before you start messing with volatile assets right? >> yes if you are messing with quote/unquote a volatile asset if are you planning on holding it, again, if you are planning on holding it for a long period of time, bitcoin volatility does not matter yes, those basic principles need to be taught alongside that, they need to understand those principles were established in the old financial market and going into the future

with bitcoin, those same economic principles can be applied, but it will be in a different money system and again, the mention of volatility only shows me you are thinking of an avid trader. if are you trying to get in, get out with cash, those of us who are holders long term and believe bitcoin can be a settlement or reserve long term, it does not matter i think the black community does not need another person to tell them to research more and look into it more we need to have a sense of urgency. i believe most of the buying has been done are by institution who's are buying as much bitcoin as they can while on the other hand telling people, black people, not to buy it because of volatility or other factors that do not matter in a long enough time scale >> well, isaiah, we have certainly seen a number of these institutions move into bitcoin recently we appreciate you joining us we hope you will be able to come

back to talk about this important issue more >> absolutely. thank you for your time. coming up in just a few minutes, an interview with an excludes whiff gm's mary bar are as the company today stakes its claim in the growing electric delivery vehicle business. don't go anywhere.

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welcome back, everybody, i'm sue herrera. here's your cnbc update at this hour as president trump was preparing to aboard air force one to see the border wow in texas. he disavowed any personal responsibility for the capitol riots saying his speech to supporters before the violence was totally appropriate. minutes before as he was leaving the white house, trump accused democratic congressional leaders of causing what he called tremendous anger by moving to impeach him. but -- >> as far as this is concerned,

we want no violence, never violence we want absolutely no violence >> and nbc news reports, the white house which has been a covid hot spot, will be getting a deep cleaning before the biden administration arrives the report says government contracts and purchase orders indicate the cleanup will be much more comprehensive than what's usually done when a new president moves in you are up to date that's the news update carl, i'll send it back to you. >> all right, sue, thank you very much. gm's mary barra giving the keynote this year as the conference goes virtual. she joins us along with our own phil lebeau. hey, phil. >> good morning, mary, i know you are joining us from gm's headquarters in detroit a. big news with you announcing a new business and brand with bright drop and commercial electric vehicles the production of those, including the first ones going to federal express do you expect that commercial market, the electric vehicle

market, is that really where we see electric vehicles really gain the most traction in the next couple of years >> well, first, phil, it's great to be here with you today from the general motors renaissance center yes, i think both commercial vehicles and personally-owned vehicles will be very important over the next couple years, as there is more vehicles out as you know, we plan to have 30 electric vehicles out by 2025. that's going to give customers a lot of choice and then, of course, from a, you know, moving goods, i think there is a huge opportunity to disrupt the way packages move today with electric vehicles. >> you've got the cadillac lyric coming out later this year then at the end of the year, you got the gmc hummer and while you are putting $27 billion into electric and autonomous vehicles over the next couple of years a. lot of people look at this, they're saying, boy, you probably should have moved a little bit faster did you wait too long to have this slew of vehicles coming

out? >> well, i think people have to recognize. we have the chevrolet bolts ev out and we will be lawning the chevrolet bolt euv and what we did to create the platform, which is the foundation for the gm hummer ev and cadillacs coming forward, that work started several years ago. because as we looked at the opportunity, we wanted to make sure we had a platform and the platform allows us to very efficiently put a number of vehicles on the road that are evs. would i love to have more now? sure but this work started several years ago. >> mary, what happened with the nichola deal because when you announced that, just a few months ago before you ultimately called it off, it seemed like it was kind of thrown together and it blew up in everybody's face. a lot of people are saying did this make general motors hesitant to do an agreement in the future with basically a start-up

>> well, we've done other arrangementes with start-ups, so it doesn't make us hesitant at all. i mean, of course, we wish that situation would have turned out differently. but one very important part is it validated our hydrogen fuel cell technology. we think that will be a part of the solution getting to a zero emissions world as well so we will be looking at great technology we have the hydrogen fuel cell technology and the altium platform there is so much we think we can do to efficiently help the industry and people transform to using electric vehicles. >> so that's a great answer, mary to get us to the next question, which is -- given the outsized attention on the nikola deal, investors wonder how much possible organically does the next chapter need to be ushered in by some massive mna deal how would you had advise investors to think about that? >> well, we are always looking at opportunities to create value for our shareholders

so we are opened to discussing all types of aspects but what i do want to make sure everybody understands is general motors has tremendous assets our technical capability our manufacturing capability our design capability, and we understand customers around the globe. so, taking all of our assets with our technology, with the altium platform, i think we are well positioned and we already have work going on with very significant auto makers like honda. so, there's i think a very strong proof points that i have gone through here that say an incumbent, a company with general motors with our history and our capability we have built over that time to be very successful and lead in electric vehicles and lead in the transformation in providing evs for everyone >> mary, where does autonomy fit into this? when you look at your roadmap for the next five or so years, how do you see autonomous technology playing into that and what type of autonomous technology will it be? will it be really the lean-back

version or more of assisted driving technology >> well, it will be both first, i couldn't be more proud of the capability that we have with super crews and we are continually enabling it on more roads, but doing it very safely. so that's the driver-assist-type technology then the progress cruis is making is successful without a driver is true driver technology is. until you can pull a driver out, you don't have driverless technology so i think that will be very sophisticate as well to taking costs down and allowing the ev platform origin that we have to move people. so it's very exciting and i think av and ev go together and are going to open up many, many opportunities, some of which we're articulating today like brightdrop, like we've articulated with origin and ride share. but there is many more things that i think we will be able to offer with the technology that we have in-house

>> it's john fort. i want to ask you about technology inside the car for connectivity versus for the basic operation of the car and particularly i know are you moving forward with wireless android auto and apple car play. tell us to what degree those kind of connectivity technologies, connection to the smartphone is driver consumer demand for cars and to what extent you are putting a focus on that as an important part of the consumer experience? >> well, we are being guided by the consumer and what they're interested in. as we all know, many people, their smartphone is a very important part offer that life so we're looking at how do we integrate the smartphone capability transparently or seamlessly to make sure that we can do what commerce expect to be done but also do it safely. and then there are certain things that we can do with all the information we have from the vehicle that we think we can offer to the customer that's going to create value as well.

some of that is all the information that we have that is allowing us to launch our insurance business so, there's data that's within the vehicle, there's the smartphone and we're looking and working with other companies to make sure we are providing a seamless integration, all focused on what's best for the customer >> mary, you were talking about the cell phone and the integration of the cell phone, the vehicle, the data that all of that generates and recurring revenues obviously is a part of that a lot of people say that's at the heart of why apple may ultimately develop an autonomous electric vehicle do you expect apple to have his own car by the end of the decade >> well, yeah, i'm probably not the right person to ask of what apple's plans are. but we consider them to be a formidable competitor. so that's why we are working with all the capability we have with our technology to go as fast as we can to really satisfy and delight the customer in our vehicles and create that

relationship and just an incredible overall ownership experience >> mary, to shift from specifically the car to businesses role in american society, i want to play this clip from tim cook, apple ceo earlier this morning >> i think it's key that people be held accountable for it this is not something that should skate this is something that we've got to be very serious about and understand and that we need to move forward >> and he was talking there, sorry, i didn't set that up well, about the mob that that donald trump directed to the capitol last week that later attacked it. do you believe it's important society wise for there to be consequences from that and for whom >> well, as we look at the tragic situation that happened, you know, one of the key things in our country that represents american democracy is a peaceful transition of power so there is

absolutely no space for the violence that occurred we need to be able to move forward and focus on what makes this country great and what's going to unite us. and we're already have had conversations with the new administration, the biden administration to work on exactly how we're going to do that i think there's steps being taken right now to take the right steps for an accountability perspective but we are focused on how we can move this country forward working with the new administration >> mary, it's phil again one last question. we are in the midst of a global shortage of chips for the auto industry and a number of your competitors have said, look, we will cur our production at various plants affecting certain models you have already said have you enough chips and are you not expecting to cut production. but how concerned are you when you look at this global shortage of chips for industry, overall, let's say the next six months. are we expecting tight supplies to go that long? >> phil, it is an incredibly

dynamic situation, even before the holidays we had a special cross-functional team working on this i have been participating in regular updates. so it's dynamic. it's too hard to make predictions out six months right now. right now, we are focused on keeping our plans running. as we learn more, we will share more. >> mary barra, the ceo of general motors, joining us from detroit, michigan, big day, carl, for general motors the stock is now at an all-time high as they announce bright don which will be a business within general motors where they're developing and selling commercial electric vehicles julia, back to you >> that's right, phil. a big day, thanks so much for bringing us that exclusive interview. speaking of chips, our ces coverage continues on the other side of this break and amd ceo lisa you is su is next stay with us

. more news in the ev space this morning with baidu and geely partnering to develop electric cars. baidu stock is now up over 8%. the chinese tech giant will provide driving texts for vehicles and geely will contribute on the design side. there is more "squawk alley" in just a moment.

happening right now at this year's ces ceo lisa su's keynote as one of the tech conferences in the world goes all virtual in 2021 i spoke to her about the announcements at ces this year and tried to focus on the impact of the pandemic and amd's potential to gain pc market share, particularly in laptops, which is a big focus of her keynote. we started off talking about how consumer state ofs have changed and how everyone need their own pc now. >> the pc form factor is now so

versatile. it's really gone from this place whe where, you know, many homes had one pc per home now going to everyone has their own pc. and so now back to the use cases. i think we're all familiar with the work-from-home, school-from-home, definitely webcams and all that other stuff. i think you also see a lot of multi-tasking. people doing, sometimes they're doing productivity tasks for work and sometimes they're gaming and really having an all around great machine that you can take from room-to-room and from experience-to-experience is really what it's all about so, we're very excited this year to be launching our rising 5,000 series here at ces it's our next generation mobile processor. but it really looks at how we enhance some of those experiences and get, you know, more performance, more battery life, more capably for those of all the use cases. >> so, verizon 5,000 versus

4,000, you're going from, correct me where i might be getting this wrong here, around 100 platforms to 150 so a 50% increase and also what's been happening is you've hit around 20% market share for both desktops and for laptops. so, when you are going to that many new platforms, how does that translate a possibility wise into market share over time >> yeah, so, our rising 5,000 series, you know, is significant performance improvement versus just last year's rising 4,000 series we're talking over 20% performance, over 20 hours of battery life, if you are doing things like movie playback and you mentioned platforms. we're all about, you know, this year at ces, we are actually highlighting the breath of our

relationships and the platform relationships. so, microsoft, hp, lenovo, lucasfilm. they have all joined us on stage at ces to talk about sort of the evolution of the pc form factor going forward. so it is about building a broader ecosystem. we are very proud of the progress that we've made in pcs in 2020. but the key is to have even more platforms and more capabilities. so whether you are talking about enterprise notebooks that really focus on security or are you talking about gaming notebooks that want you know the highest frames per second that you can get. or you are talking about ultrathins that you want to be very affordable or you are talking about chromebooks for education. i think all of those are areas that amd has expanded and we feel good about our opportunity to continue to grow our market presence >> has anything about this the shift in demand that we have seen based on work from home, based on the increased use of

cloud services cause you to make adjustments in your roadmap, bringing any futures or capabilities forward, maybe even changing the time lines on when you are planning to deliver certain things >> well, i would say probably the most important thing that we recognize is that there is justt tremendous demand for high-performance computing so whether you're talking about graphics or you're talking about consoles or pcs and you're talking about cloud. from a road map standpoint, we don't necessarily make roadmap changes based on what's happened over the next three or six months these road maps have been in place for a number of years. we're excited to see them come out and we're excited to see the architectures with zen 3 to come out. we're working to bring them, if there are any adjustments it's about ensuring that we have enough, really supply and capability to ensure that we do satisfy the significant demand

that's out there >> finally, i want to ask about consumer cycles. we have talked about dads and grads as being one of those periods where people would buy gadgets and people would buy electronics. we've talked about back to school certainly, people are still buying pcs, we expect, for back to school, but should we think that the cycles are going to be different now based on what we saw in 2020, and at this point, are you yet able to predict a replacement cycle for these machines in homes as you mentioned where maybe there was just one pc or one new pc and then an older backup, but now we've got the need for a lot more newer pcs, do we know what those cycles will look like? >> i think we are all still understanding what's happening in the market. i will say that there's a lot of enthusiasm around sort of the pc form factor and so the idea that

there is some pent-up demand that will continue to exist into 2021 is probably what you'll hear from the entire pc ecosystem. so that's a very big positive, and then, i think, as we go beyond 2021 it's what do we add to the user experience to warrant that upgrade cycle i think most of us have experienced in this work from home environment, you know what? i'm not quite satisfied with my setup. i'm tinkering with my setup practically every day. it's an opportunity to really get to let's call it a better user experience that will drive the upgrade cycle and so i think the pc market is robust. it's a form factor that is -- it's really coming into a place of essentialness for what we do and we're going to continue, together with our partners, to drive that over the next few years. >> i wouldn't be a decent

consumer tech reporter which i still am to some extent, if i didn't follow up on what you said about tinkering with your setup and let's geek out especially since you're on tape. you don't have to call out on tape if you don't want to. what are you swapping out? are you getting a bigger monitor or cool gaming headphones? what are you doing >> well, i'm a little bit embarrassed to say, one of the things i did is swap in a powerful new desktop with our new rising 5950 as well as our highest end graphics card and so i have to use tech and that's one of the things that we've been working on, but always looking for the next big thing, right? >> no shame in your gaming pc, lisa i've seen amd's stock. i know you can afford it and yes, you've got to use your own tech julia, it's interesting this question about replacement cycle and upgrades people are buying pcs now, but

she makes a really interesting point. the industry will have this challenge of figuring out how to get them to upgrade that pc, that kind of pc for everybody idea >> yeah. and of course, you mentioned the stock move we're looking at it now and that stock up over 100% over the last 12 month, but john, i have to ask, there were some concerns last year about the supply chain and whether amd was going to be hurt by the fact that some of its suppliers were seeing lags are those concerns really gone at this point? >> i don't think supply chains concerns entirely are gone i actually asked her a bit about that when it has to do with the ps5 and the xbox 1x and amd supplying chips for both of those consoles and those consoles for my demand and haven't been able to fulfill it. they continue to work to do that amd still, as she would say,

firing on all cylinders. we'll have to see based on what intel is able to supply and what the industry needs on what she's able to continue to supply carl >> yeah, john. i was thinking two things. one is we're a long way from talking about the death of the pc which was the case a couple of years ago the other is that it's kind of nice that even though ces is always layered in these bigger issue, policy, politics, trade, covid that in the end it's about the consumer electronics show and that's about product and you really got to that >> the consumer drives so much of the economy in general and also so much of the tech economy in tech innovation if you think about what the iphone, apple's iphone was really about all those years ago and we just passed the anniversary within the past week, and the 14th anniversary of steve jobs unveiling the

iphone for the first time. it was a consumer-led revolution in computing taking it away from the carriers deciding what ended up in your hands, bringing touch, bringing all these features together in a device and that's why we're talking to mary barra about what's happening in the phone, in the car when it comes to the phone. we're also talking to enrique lores with the pc and the features that are built in during the pandemic and it continues to be led by the consumer even if you're talking sometimes about cloud enterprise platform so once again, we appreciate lisa su joining us for the full interview you can subscribe to the fort knox youtube channel, you will see the interview pop up on your feed tomorrow, carl. >> all right, john great stuff as always. in the meantime, we are tracking some big news in e-commerce today. etsy was leading the s&p, and overstock, stitch fix and

f yfair all moving higher and ofthe best levels of last year more "squawk" in a minute.

welcome back to "squawk

alley. before we go, take a look at tesla. that stock up another 6% and up about 22% so far this year, john. >> you know it's up more than that stitch fix up 11.5% today as that valuation makeover continues. we'll see if it continues to fit, carl, beyond here >> yeah. tight range today. session high plus 92 session low, minus 82. let's get to the judge >> all right carl, thank you so much. welcome to the halftime report the rate run and your money as yields continue to move higher, the ten-year up 50% in just three months so what is the risk to stocks if they keep going? we debate and discuss that today with our investment committee. joining me for the hour are stephanie link, jon najarian and amy raskin of the chevy chase trust and michael farr is from farr, miller and washington. that's where a lot of focus is all of the way on the righ