♪ ♪ i saw you looking for the sid door ♪ happy friday welcome to "squawk alley." i'm jon fortt with carl quintanilla and deirdre bosa amazon's head of devices joins us as we close out consumer tech week and the former acting chief of homeland security chad wolf will join us one of the most interesting voices in streaming, there's this movement in consumer tech of upstarts nipping at netflix's heels and disney plus and tiktok are major names. >> and that is where we will start this hour. julia boorstin joins us now with kevin mayer in an exclusive interview and, julia, this is his first since taking and leaving his role as ceo of

ti tiktok >> thank you for joining us in what is your first tv interview since you left disney. you had a stint at tiktok since then we appreciate you joining us >> thank you for having me >> so, kevin, we want to start off with your perspective as the former ceo of tiktok, a very volume "time" for the social media companies. they have facebook and youtube and twitter have all taken steps to ban the president from communicating with his followers on their platforms what do you make of those moves and the concerns it sparked that maybe the ceos of those companies hold too much power? >> it's an interesting question to consider. i do believe they have an enormous amount of power in terms of how people connect,

interact and hear about news events and the like. it does bring up these free speech issues and who controls voices in this country the power of the platforms is such that it does bring up the notion of what regulations should there be? and one way to look at the platforms is like a telephone company infrastructure hard to emergency a telephone call like at&t held liable for the conversations that flow through those wires and that infrastructure on the other hand the social media platforms more like newspapers and the editorial and curation that happens on the platforms. given the velocity and the magnitude and the pure number of posts and videos and communication that does happen, holding them to the standard of a newspaper and saying they have editorial control and they

should curate is almost impossible there has to be a middle ground where people can speak and a long tradition of people feeling their voices should be heard and their voices should be heard on platforms where they aggregate, these social media platforms. we know there's no first amendment obligation for private companies. there is a tradition of people expecting to be heard. there's some middle ground that has to happen here and the only way to manage this ecosystem is for lawmakers to step in and to determine where the guardrails are. i think the guardrails should be wide enough that people's voices should be heard and narrow enough that hate speech can't exist and has to acknowledge the pure capabilities of these platforms even with ai and machine learning and all the techniques they have to actually understand what is being said on the platforms. i think it's a difficult situation. it requires some regulation. and once those guide posts are

put in place by congress and the executive branch, i think these companies need to be given safe harbor to operate within those guidelines >> it sounds like you think there should be some reform of section 230 liability shield but not a total removal of it, but what about this question of whether or not these companies should be broken up? there's this antitrust push to break up facebook, do you think that is a valid concern that these companies are so big they should be broken up? tiktok was frequently used as an example of why facebook did not need to be broken up that a company could grow so big despite facebook's size. >> there's some truth to that. tiktok has become enormously penetrated in markets around the world in the face of extreme competition from facebook and sometimes unfair competition, i felt i think the existence of upstarts like tiktok would tend to argue against the notion of

these companies needed to be broken up. i'm not an antitrust lawyer. i would leave that to the experts in the field i do think it is extremely valuable for our society and our economy to make sure that innovation occurs and that companies aren't of such a size that it stifles innovation that's crucial at the moment we see innovation put on the back burner because companies are so large because of combinations. i think that's when our regulators have to step in >> kevin, you leftt to have the u.s. assets of tiktok purchased by u.s. companieere w deal with oracle and walmart buy those u.s. assets or a piece of those u.s. assets. tell us why you left tiktok and what you think will happen now >> i think tiktok is an amazing

product. the combination of the artificial intelligence that exists in the app that allows the app to sort through billions of videos being posted every day and probably tens of millions but billions in total, and identifying those videos and putting the right video in front of the right audience in the right stream to become as immersive and addictive as it is is quite a product and deserves to be everywhere and people love it and use it. julia, you've had occasion to use tiktok i hope it does continue to flourish and that geopolitical clashes don't prevent that i was in the middle of what was probably an unprecedented clash between the u.s. government and the chinese government and it ended badly. i did have to exit because it

looked as if my job, the role i'm hired to do would not exist anymore. and so that was unfortunate and i do think that tiktok has a great future and i hope it has one. >> so, kevin, you're being remarkably candid and we thank you for that is there any reason to think that clash, as you put it, changes under a different administration, at least here? >> i don't know for sure but a more mature, calm, productive dialogue between the two countries would serve to improve the relationship and the business climate i think that in the new administration i would expect those attributes to be more front and center than we've seen in the past. i'm hopeful about it actually. >> kevin, it's deirdre do you think your success or the current ceo of tiktok will be able to do what you felt you weren't able to, a global role,

lead a global team >> i don't know how it will turn out. it's been in the background now for several months i don't know that there's any news or if there is any i haven't heard it about how the structure will ultimately emerge from the process and the various regulatory process that is have been in place. so, look, i hope so. i hope that tiktok can remain a global -- a social media app with a global footprint, that they are meant to be global. it's hard to imagine a u.s. version of tiktok and an international version working as a global one would i hope it works out that way certainly the experience is such a high quality one that we deserve to have the highest quality experience >> if you're unsure if that has changed, you led the company, do you think that will make it

harder for them to attract american executives which was such a key part of convincing the administration that they had -- they were not controlled by a chinese entity? >> well, i don't know if it will be harder to get to recruit american executives. i think it would be hard to attract them, but i think those are hopefully in the rear-view mirror, the tensions i had to experience, i don't expect those will continue under a biden administration i could be proven wrong but i think a bit of a cooling down and i think people will realize that those sorts of dynamics will not happen again. i presume they'll be able to attract executives just fine >> good morning. it's jon fortt i want to ask you about the other streaming enterprise that

you led, disney plus, and specifically why is disney plus working beyond the more obvious things, the brands, the content library, and what can we conclude about the nature of the streaming market and the viability of what's considered old media from what disney plus has been able to do? >> well, look, disney plus, it's hard to talk about the success of disney plus and ignore or put aside that it has the best content in the world with the best franchises that exist that is, if you're a subscriber to disney plus, yes, the interface is great, the ease of finding content is wonderful there's a great looking feel to the app that i was happy to be a part of creating people want to get to the content and that is the best that exists. you can't divorce one from the other. i do think it showed the degree of success we had and the speed we achieved penetration that we

did do, a testament how much people love those brands and will invest in them. the thing i've seen with covid, and i know it's a horrible experience for all of our communities, the one silver lining for the media companies, people are at home they have very sophisticated devices, broad band, game consoles, highly capable media capable phones and tablets and they're spending a lot of time with them. as people spend more time with media that can do nothing but benefit the media industry but especially streaming the convenience of accessing the content you want at the time and place of your choosing on the device that suits you at the moment is really powerful.

streaming services have benefited and disney plus -- >> now, kevin, we just showed what the original forecast was for disney plus and how much dramatically higher the forecast is for disney plus subscribers certainly this is a service that has benefited from the timing with covid, but the forecasts are so much higher than when you were at the company, do you think they're going to be able to hit the higher forecasts for subscribers? >> i spent a lot of time at disney and know the team very well they're very responsible i wasn't involved in the analytics. i went into those projections and guidance, but i am certain that the executives now at disney believe them to be achievable i have no reason to believe those aren't going to be achieved

they're big numbers. the initial success that has happened, i can see why those numbers have been bumped up so substantially. >> and, kevin, considering how well disney plus is doing and your role in its launch and the responsibility and credit you get for that success, do you regret leaving the company >> no, look, i try to always look forward in life and it was great. i had 24, 25 years at disney and the last few were incredibly fun and engaging, and we got to do some great things. i worked closely with bob iger to launch disney plus, espn plus, to take control of hulu, manage international assets. it was a great ride. i left for what looked to be an incredible opportunity at tiktok and now i'm looking forward to doing more fun and great things. and so i wish disney well. it's my old family and will

always feel that way and i'm sure i left it in great shape with a great road map, frankly >> first, just a final question about the streaming landscape. you mentioned your role buying out that additional stake of hulu the landscape is crowded, hbo max, add-supported peacock, what do you think will happen with all these players? many people are saying not all of them will survive what do you think it looks like three years from now >> clearly not every streaming service will be alive and be a large global player. only the biggest mrandz with the highest content deserve to be in that arena i don't know how many. it's hard to predict i pride my steph on not trying to predict the future with too much spriggs there will be several, three to five to six large global winners

in the streaming space unlike music, you base new music subscription services have pretty much the same music you want to subscribe to one of them, an apple music or spotify. with respect to video services if you want to watch "the mandalorian" you have to be disney plus subscriber "stranger things" a netflix subscriber and on and on it's natural people have interests because content is exclusive to those services. i think you'll see that people will subscribe to many but not all deserve to exist or win. there will be a winnowing and hard to predict which will stay and which will go. >> with all that in mind, kevin,

where are you focused now? i know you're working on a spac but investing. where is the experience in media? >> i did notice some things in my recent history, launching a streaming service and going to ti tiktok i think that as i spoke about people have broad band connections and devices and they're using them in a way that allows the service providers to understand people's preferences and how they use their app if you're a user of tiktok within a few minutes the stream you would get of videos versus someone else who just started using diverge because of this artificial intelligence and machine learning that exists to understand your preferences. personalization is a crucial thing that's happening as is target ability i think premium content will continue to be the winner.

everyone wants to watch the best shows of the highest quality and i do think these platforms themselves are giving rise to constellations of businesses and mini industries that exist around them, social commerce, dating apps, all sorts of companies that arise to service people's needs around the platforms like tiktok, instagram and the rest i'm looking at that entire ecosystem and ad tech, high quality content is really important and i do believe services are going to be investable i'm doing a little bit of consulting i'm on the advisory board of salesforce that i'm doing the spac with but will be in investing and an operating role.

there might be more news to come there's more that i will be doing for sure >> well, i hope you come back when there is news and we look forward to what you'll work on next post-disney and post-tiktok. kevin mayer, thank you for joining us >> thank you julia, thanks for that covered a lot of ground. interesting he says three to five major streaming players in the future we still have a big show ahead of us. amazon's head of devices next here on "squawk alley. we're back in two minutes.

before we get to our next guest the latest indications and playtika now indicating at 34 risk the ceo ahead of that open later this hour. and meantime for the first time ever amazon is allowing companies to access alexa's advanced ai to build their own intelligent assistance anoug fiat chrysler will be the first auto maketory do its own version of alexa in vehicles amazon's svp devices and services dave limp dave, good morning so how will this work? i guess if i get my own version i can call alexa, have people call alexa whatever they want.

does the data still flow to amazon to make alexa smarter and some flow just to the customer how does it work >> it's up to the customer and partner. we launched it with fiat being the anchor customer. it has the ability to work in different ways and so if a car company -- it could be for anyone -- want to keep the data they have private for their customers and in their own cloud we can offer that capability if they want to hand off something their assistant may not be as smart with over to alexa and the customer said that's okay, we can do a seamless handoff >> dave, you're not calling it this but to me this is the first major launch of a consumer operating system of the cloud era because if i'm thinking

about what alexa does and the number of different devices it has the potential to be in now, both across enterprise, across consumer, and people never know that amazon is actually powering underneath, i mean, that's incredibly powerful. how would you characterize exactly what type of a product alexa now is >> well, we think of this as an era of ambient computing you're talking with something that you don't know is an operating system it doesn't have the traditional sense of it but it is actually adding a lot of value to customers and we do think there are a lot of different places. we started with smart speakers, smart displays and announced at the ces with pcs and we think this idea of ambient computer

and alexa powering that can be in a lot of different places >> ambient computing raises security challenges because of computing is everywhere, you have to secure it. you announced you're adding end-to-end video encryption to ring products. what's your full os if i and intention in spreading encryption throughout things that amazon does in the time line for that. >> we've been focused on the home for the last five or six years which has benefited people and certainly during the last year during the pandemic when you do that the home is an incredibly personal place. security has to be foundational. with cameras, some people are happy to have their footage stored in the cloud and have flexibility and can see it from a lot of different devices some want that video solely to

themselves they don't want anybody to see it including amazon. we've added end-to-end encryption with that the customer has the key and they have complete control over video assets. we think that's a great addition we're launching it in week i hope the rest of the industry follows. it's really good for customers >> hey, david, it's deirdre bosa good morning the custom assistance comes a few years after you announced the echo auto. does today's announcement suggests there wasn't a lot of pickup for that device and what happens to it now if you're essentially letting automakers create their own competing product? >> yeah, i think you're seeing the evolution of our strategy around automobiles echo auto fills the need for automobiles that are already on the road and tens of millions,

hundreds of millions around the world. and we think a lot will want to have access to a voice assistant, in this case alexa. it's been a very popular product for us especially sub $50. the real way you're going to want to interact with a voice assistant in your car is to have it built in. it just takes time for us to be able to do that. we've started seeing the cars from various manufacturers, bmw, fiat chrysler, others, come to fruition the past few years and now with the addition of alexa custom assistant it allows us to add even more flexibility to add it in and build it in moving into the future. >> david, when we think about the ways in which voice has been refined over the years, getting better at understanding slang, getting better at understanding accents, better at filtering out ambient background sound, where

are we what remains the toughest nut to crack? >> yeah, the north star is to try to re-create that "star trek" computer we all grew up with and thinking about that, that computer could answer any question, understood any language and the other thing human beings are great at we have great short and long-term memories we have context and remember that even the advances with alexa and ai, we still have a lot more work to do the first thing is we need to get her more contextual and have that memory and understand what's going on around you and personalize. we see alexa getting more proactive, already one in five interactions customers have with alexa is initiated by alexa. not by your voice. and we think that is also the future of this ambient user

interface in that a great assistant will be proactive on your behalf. >> dave, finally, reviewers have tended to say that amazon is the best when it comes to the services and software that are kind of driving this embedded, wearable mobile world we're living in now. but apple is dominating the wearables market so far. you guys have the halo, which is a fitness tracker that you've recently come out with google this week just closed its fitbit acquisition what strategically is most important about the wearable market for amazon? where should we expect to see you innovate from here >> for us it's about wellness and there have been all sorts of we'rables for the last 15 years. if you look at the data, the fact of the matter is society is not getting healthier.

it's actually going the other way. our view is that we can take a lot of the expertise we have at amazon, which we're unbelievably lucky to attract this kind of talent and solve problems with modern ai so when we think about how would you look at your body, it's not just about weight it's about the body fat content and we can do that using a simple picture of you and calculate that incredibly accurately using a very local processing that's only on your phone we can tell how your tone is, and are you being well to others in the way you're talking to them throughout the day and i really think it's not just about the hardware that's on your wrist, but it's about the integrated service and thinking about how we can bring advanced ai techniques to move the bar forward on how people can be

better and be more well. i told that team long ago, i don't want to live long. i want to live long well and that's an important distinction. >> it is an important distinction. and if you can help us treat each other better, that might be one of the best innovations amazon's ever come up with dave limp, thanks for joining us especially consumer tech week which amazon is driving so much of >> thanks for the time when we come back former acting dhs secretary chad lfwo with our eamon javers up next. s. i feel like they might have a better finance system than we do. workday. how do they make better decisions faster? workday. got to do something. workday! i think i got something. work... hey, rob, you're on mute. hello. [all] hey... there he is. workday, the finance, hr, and planning system

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welcome back, everyone i'm sue herera here is your cnbc news update this hour. "the washington post" reporting vice president mike pence was evacuated from capitol hill just before a mob sought to enter the senate chamber some were denouncing pence for not supporting president trump's baseless allegations of election

fraud. and watchdogs are starting investigations into their preparations for the rallies on january 6th which, of course, as we know, turned into the riot on capitol hill the justice department says it will also examine whether intelligence was shared appropriately with the other agencies a rehearsal of the presidential inauguration has been delayed. it is currently set to take place on monday. and in indonesia at least 42 people died after an earthquake damaged dozens of homes and triggered landslides officials say 15,000 people have been given temporary shelter you are up to date that's the news update i'll see you in an hour.

let's turn to our eamon javers with chad wolf. hi, eamon. good morning, carl, and secretary wolf you resigned from your post on monday there's been a lot of explanation about what your resignation was all about. >> sure. >> can you clear up some of that we've heard a lot of reports, was it about these legal issues around your authority as acting homeland secretary or was it a resignation in protest of the president's conduct last week during the assault on the capitol? >> sure. my authority was a big part of that and as you know the acting

secretary's authority has been under litigation, not only mine but my predecessor, the acting secretary, under litigation the last several months. we had a legal process, a legal strategy that wasn't working another nationwide injunction last friday. another court questioning the authority. i thought as we went into the transfer of power the last several days of this administration, still a lot to do for the acting secretary, that it didn't need everything i was going to decide, sign out or talk about be open to litigation i wanted to put the department with the best foot forward as it moved forward and why i felt at that time it was time for me to step down. >> to be clear you were not resigning in protest over the way the president was acting >> not really. i have been vocal about the event of the 6th, my disappointment at the time with the president not being more vocal about denouncing the type of violence that we have seen. from my perspective as acting

secretary, and we saw violent activity throughout the summer and the department, myself personally, have been very vocal about calling out violence i wanted to make sure i did that on this case on the 6th as the events unfolded because violence is violence on the left, on the right or anywhere in between i wanted the administration to be out there as well and i felt as that day went on the administration lost the moral high ground in some sense regarding what we had done and said throughout the summer >> i want to talk about what went wrong on the 6th. we are in essentially an armed camp there are checkpoints, troops patrolling right now you've had access up until this week to the highest level of dough mystic intelligence what the threat is. we've seen the president-elect now forced to cancel his rehearsal sunday he had to cancel the ride into

washington on amtrak for security reasons what's the threat level now and do you think there is a threat to the life of the president-elect? >> it's really the result of dhs moving up the national special security event, a designation for the inauguration that was supposed to start on the 19th. one of my last acts was to move that up to the 13th so it started earlier this week. that's why you see the increased presence as a result of last week and we have permanent events here throughout this weekend that we were concerned about as well. so we wanted to put those measures in place this weekend and not wait until the 19th so that you could have the right manpower, the right law enforcement footprint throughout the 20th, throughout the inauguration i'm very confident we have great law enforcement professionals. secret service is in charge of that and they'll do well >> is there a threat to the life

of the president-elect >> i'm outside of that, no longer acting secretary. but what i do know is there's an increased level of chatter certainly because of the events of last week dhs said there's no credible specific threats to the national capitol area or the inauguration so i will take them on their word on that what you see, hear and feel around washington, d.c., is a heightened level of alert and awareness and i think secret service is not taking any -- taking all precautions, no risk and precautions. because we're in a covid environment and president-elect biden has chosen to have a different type of inauguration, not really a parade, other activities and the events and security is having to adapt. it will feel differently because of the covid-like inauguration we're having >> let's talk about the 6th. we saw the capitol police out with bike racks immediately

overwhelmed by this massive crowd of tens of thousands of people storming the capitol. what went wrong in the planning? a lot of the capitol police battled and did their best but were outmatched. why was that >> to all our law enforcement officers, i think they did an outstanding job given what they had at the time. it's a good question, again, the capitol police had the same information as the department of homeland security, the department of defense and justice. we mobilized to protect federal buildings we are in charge of in d.c. and so capitol police should have been doing that as well if they had a plan, it was not executed you mentioned the bike racks, for 25,000 to 30,000 people that's not going to cut it they should have had higher protective measures in place i think there's an investigation. capitol police is wholly responsible for that capitol

complex. they answer to congress not to the executive branch while we do coordinate with them here in the district the complex is their jurisdiction and responsibility to put a plan in place. >> we've seen reports some hard core groups had plans to capture, kidnap and possibly assassinate lawmakers. can you confirm that what do you know about that? >> i haven't seen any specific intelligence if that's the case it's very disturbing, very sickening those individuals need to be dealt with we've seen a number of arrests thus far that needs to continue these individuals that did that, that went into the capitol, stormed the capitol, need to be held accountable for their actions. and so i certainly applaud the law enforcement and the prosecutions and the investigation that is are going to unfold over the next several months >> we've seen reports some of the capitol police themselves

are under investigation and there are some concerns from democratic members of congress that their republican colleagues may have been giving tours to some of the same people who stormed the capitol later as a way to case the joint, so to speak. are you concerned there's an infiltration within the capitol police or within the membership of congress itself >> i don't have any specific information. that needs to be investigated, needs to be looked at. i would be very careful about, again, we saw this during the summer, trying to paint law enforcement in a broad brush as being systemic racists and i would be careful about painting capitol police at large as helping these individuals. there will be bad actors within any profession they need to be looked at and dealt with if found to be guilty but i would be very careful about that and i would think a very ordered process to look into that. tours of the capitol happen every day. i can't comment on motives behind certain tours

probably should be looked at and investigated accordingly >> secretary wolf, thank you for giving us time best of luck to you. deirdre, let's toss it back over to you >> thanks, eamon we want to turn back to julia boorstin as bumble files moments ago, the ipo parade keeps on marching along. some really interesting stuff. what have you picked out >> that was, bumble looking to trade on the nasdaq under the ticker bmbl. goldman, citi, morgan stanley are among the underwriters but has not disclosed any price. the last valuation was about $8 billion. bumble operates two apps, the female led app popular here and badu which operates overseas now together the apps draw over 40 million users monthly over 150 messages sent daily in the first nine months of 2020

with average revenue of $19.22 that was the number from 2019. looking back at the first nine months of 2020, at the financials, revenue of $377 million and a net loss of $84 million. the ceo of bumble is 31-year-old whitney wolf it appears she may be the youngest female ceo to lead an ipo. before now that record was held by katrina lake who at 34 took stitch fix public. now wolf, along with blackstone are among the largest share holders in this company. guys >> what a fascinating story. carl, i was just going to say that whitney wolf was at tinder, left the company, be sued the company and went on to found bumble which is going public, recent valuation in billions of dollars. also this chart is so

interesting showing how couples are meeting these days, carl and online has just shot up while meeting with friends has gone down. this is a fascinating one to sort through for a number of reasons. >> yes, $1.7 billion, first moves. if you get a chance to read it, it's worth taking a look at. julia, thank you for that. we're watching snap this morning as well getting an upgreat take that go stock to a buy. target 57. they say revenue growth and profitability underappreciated by the street for 2021 and shares are up almost 2%. we're back in mitea nu

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playtika this morning in what's been a busy week for ipos biggest ipo of the year so far set to make its debut in a few moments, we think. with us this morning first on cnbc the co-founder and ceo robert antiko. congratulations to you on what's been a banner year for new issues >> thank you for us it's a big, big milestone that was established here. to go publish here in the u.s. it's great for us and for our employees. >> walk us through the playbook of the business model. gaming, of course, has been well

chewed upon by the street. what makes playtika different? >> thanks for the question it was established ten years ago and we started with one game and one platform from this day, we started to look at it different than the others our game is the platform so we still have more than four games in seven years and it's still going. when you look at the top hundred games in the u.s nine of these games are political. we are different than that we are stable and we are growing and we are a cash flow positive company from day one and we're a different story than the other companies. >> robert, you kind of snuck up on me in the sense that zynga, people were talking about that a lot in the initial facebook era and it's had a lot of struggles with the casual gaming and there are other companies that have struggled with it and along comes playtika and you guys have

gotten attention and what are you doing model wise than the players in the social and gaming place? >> i think we're different we have unbelievable technology that's running with us from day one and we're a technology company. second, we look at data. everything that we do. every new product, every move, everything around games is based on data. it's not hard to say maybe or maybe not, everything is on data and third as i said in the beginning, we look at games that they're here to stay they're not going anywhere and ten years already and growing year after year because we look at it as a platform. that is a platform and getting fresh content every week so it's a little bit different i'm not the different animal that people used to see other than mobile companies around the world. we have a different approach and we are very excited about the

future and that everyone will play playtika very soon. >> robert, under risk factors in your ipos prospectus, you had apple and google to remove your games from its platform, and as apple did with epic's fortnite, you guys get 95% of total ref few from in-app game purchases and where do you stand on the apple's 30% commission policy? >> so it was always an amazing part of the platform on day one. we used to run on the platform and it's never been a risk for us, and it's always been an advantage and a stability of the business, so we are feeling very stable for the future and we don't see an issue >> you are owned by a chinese consortium that i think will retain 80% voting power post-ipo we don't need to tell you the

back and forth that's gone between the u.s. and china regarding capital markets. do you not feel like you're walking into any kind of buzz saw? >> thank you for this question this is a very important point for me playtika is anise rail i company that was established ten years ago. we we had an israeli investor and they're independent companies and we have different shareholders and it's okay and we have no issue with it, but we are an israeli, independent du company and a very important point for me to say. >> robert, we appreciate that. we'll be watching for the opening trade indicated at 34, and playtika which looks like it will be the biggest ipo so far this year. congratulations. please come back >> thank you so much, guys thank you so much for your time.

carl, another ipo, another ipo pricing above its range. meantime, keep your eyes on shares of spot citi downgrading it to a sell saying the pivot to podcasting is not working and it is a bit too expensive related to its daers and that stock down 5% in toy's session. don't go anywhere. "squawk alley" returns in two. #1 for diabetic dry skin* #1 for psoriasis symptom relief* and #1 for eczema symptom relief* gold bond champion your skin

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the consumer electronics show for 2021 come to a close, we have to say we may have gotten our most significant news today. amazon has opened up alexa to me that means if you're samsung with bixby or fiat chrysler, you now have to ask is it worth it for us to make our own voice search we also had amd ceo lisa su and enrique lores and we learned that intel is getting a new ceo and pat delsinger and speaking of words apparently that he has spoken in a company meeting over at intel we have to deliver better products to the pc ecosystem than any possible thing that a lifestyle company in cupertino

makes. this sounds to me like a point that we've been going over, guys here on "squawk alley" this challenge that both intel and qualcomm as companies try to vertically integrate delsinger saying if we'll specialize in chips and hey, what else is intel going to do we have to be that much better than the companies that are trying to do, deidre, a bunch of things at once. >> i love how he just called apple a lifestyle company when they've made some major, major moves in the chip space. he certainly has his work cut out for him and you ran through the ceo, and it's been a massive week for ipos and we keep seeing these big issues getting, you know, enormous valuations and just moving higher and higher on first-day debuts and take a look at petco and poshmark. sometimes the first huge jumps on the first days, poshmark down 14% today and petco down nearly

5% that's nothing compared to how much they were up yesterday and it does kind of tell you that those big pops can lead to volatility >> finally, exxon now saying that this sec whistle-blower claims are demonstrably false as the sec launches an investigation regarding the valuations have a good, long weekend. we'll see you tuesday. let's get to the half. >> carl, thank you welcome to "the halftime report." i'm scott wapner front and center, october raising big questions about where your money is heading next and our investment committee discussing that very question. joining me for for the hour, steve weiss, pete najarian, brenda vanjello is the cio of global advisers and stocks are lower as you know across the board. dow's down 145 the s&p down.5% and the nasdaq off the lows and it is still