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long, long time ♪ ♪ the touchdown brings me aroun again to find ♪ ♪ i'm not the man they think i am ♪ ♪ no, no, no i'm the rocket man ♪ ♪ rocket man ♪ happy wednesday. welcome to "squawk alley." i'm jon fortt with carl quintanilla and deirdre bosa ahead this hour checking vitals as oscar health makes its debut. and then higher profits, why hp enterprise shares touch an interday high before backing off. you can see them lower now citi's new head space on microsoft. we'll start with rocket coming back to earth. deirdre? >> jon, that stock blasting off today cratering this morning leslie picker has the latest

leslie, i didn't write those puns it was our brilliant producers who also have those rocket effects at the start of the show >> that's what i love about this show is it speaks to my pun-filled heart this morning. those are some great metaphors rocket companies, the parent of rocket mortgage by quicken loans, is the latest stock to be caught up in this meme trade the ceo speaking at a conference last hour where he was asked first thing about the recent volatility >> the stock yesterday and the last few days are really interesting to see for us. obviously we had an incredible 2020, and we had our earnings call last week where we talked about the results in 2020. we talked about the fourth quarter. and so a lot of this, for me, is really the recognition of the rocket company's platform. >> it certainly took a couple days post earnings for this to really take off. last thursday rocket reporting fourth quarter earnings fueled by explosive growth. that's the direct quote that the

company called it, concurring with earnings rocket announced a special dividend worth $1.11 a share which seemed to spur the momentum even further. it has been a target of short sellers since its ipo. it's been trading well above peers on a multiple basis and there's a thought the prospect of rising interest rates could thwart the demand for mortgages. nearly half is short for those squeeze obsessed traders it also doesn't hurt that the rocket emoji is already a popular one on the reddit forums a nod by users the stock is going to the moon. now rocket is currently the most active traded stock on the fidelity platform although that wasn't really the case leading up to the pop. it didn't really receive a level of mention something like gamestop did in its prime. but now that there's momentum behind it, you can be sure rocket has certainly garnered plenty of attention on social media.

deirdre? >> yep, and, leslie, sometimes all you need is momentum in today's market >> and an emoji. >> yes, and an emoji, of course. let's bring in acme capital co-founder and managing partner. good morning how are you reading into or not reading into the action that we've seen over the last few days in rocket companies certainly there's elements of it being a meme stock with a short trading but there's also some differences, namely a case for value investors as its ceo jay farner just laid out >> thanks for having me on this morning. this is not investing this is definitely trading very different risk profile, very different way to think about the stock. i think the first thing is volatility is never good for the market i think we're right now between 1997 and 1999, i can't tell which year it is, but i'm really nervous about this volatility and what it could cause later on the second thing is that

everything new is old again or old again is new again especially buys around shorts of short squeezes because of the instability of the foundation of the coordinated buys, breaking ranks and the sell really puts a lot of volatility on the table and i think this is what will happen again. the same thing happened in gamestop, and i think it will happen here. i'm never a fan of trading i don't know how to do it. it's not my cup of tea i think about things from a five to seven year perspective. >> hany, you said this isn't trading -- sorry, this is trading, it's not investing. this is different than a gamestop, isn't it there are some fundamentals behind i remember covering the ipo last summer there was a question is it a mortgage or technology

company. can you make the case this is different? >> i don't think the people are trading the stock today are looking at the fundamentals for a long-term investment i think fundamentals as the excuse for short-term trading. it's not going to happen all at once otherwise there would be a shock to the system. if anything this will be a slow and methodical process where interest rates go back up again and i don't think will affect the near-term impact on rocket >> hany, i would love to see either the meme traders or this whole crowd that claims to be the engine behind the new retail investor, trade, just run a different play how many different times can you run the flea-flicker, again and again. and it goes up and now it's coming back down faster and faster you love to see -- i love to see retail investors but for the long term is better for

different reasons than a short squeeze, right >> i think as a retail investor you're looking for access to the markets. you don't have -- you have a limited amount of tools to use you don't have the satellite imagery hedge funds use to calculate through put. i think this is the simplest and easiest to use right now and, unfortunately, it's not sustainable and is probably not good in the short term for them. >> hany, i want to turn to the semiconductor industry and what we're seeing in this space, some of the shortages recent government support has resonated with investors however many critics say that it's going to take many years, many billions of dollars to address sort of these imbalances that have really come to light over the last year or so where do you stand here? is the government doing enough >> i think it's starting to. i've been hearing about the samsung factory that's

potentially opened up in austin. i think that's a great move. one is the short-term supply chain issues caused by the pandemic and that's causing a shortage everywhere from, you know, cars and others. and i think fundamentally companies that are better able to manage their inventories don't have the same problem. if i look at the toyota versus gm, wildly different in terms of how they're managing the inventory and the impact the shortages have had on their production but longer term, i think the ship shortage issue is real. it's been accelerated by the pandemic if you think about how quickly everybody has adopted to technology, consumers and enterprises. this is going to drive a demand, a surging demand for chips in the future they're going into everything. going into toasters, shoes, bikes, cars, almost everything and there's more chips going to the existing technology platforms because they want better intelligence. this means we're going to need more semiconductors in the u.s. and i think there's two big issues in terms of design and

production we need more chip design and more production, and i think that's what you're going to start seeing happen and start seeing big investments hopefully led by state-sponsored investment into semiconductor manufacturing. >> yeah, hany, it's such a great point. it's such a rich point because, as you say, this transition may be between the u.s.-centric just in time to the japanese just in case in terms of inventory management you can apply that to chips. you could apply that to retail goods. you could apply it to cash, the degree to which companies are going to want to have rainy day funds of all kinds for years to come >> great point, carl i think just in time inventory -- people have seen the dark side of just in time inventory, right, and i think you're going to see a shift to much more traditional just in case inventory management across the globe. >> hany, thanks for being with

us this morning. we'll talk to you again soon, hany nada with acme capital. carl getting some breaking news this morning on the stimulus evolution. let's turn to it a source is telling me the democrats are tightening the requirements around who will receive a stimulus check in the new covid relief package the eligibility requirements to receive the full $1,400 will remain the same at $75,000 for individuals, $150,000 for couples, but the checks will now phase out faster for individuals now if you make more than $80,000 you will not receive a check and for couples that cutoff is $160,000. now this was really a response to moderate democrats who were concerned the checks were not very well targeted, and i am told that president biden has signed off on this change. one battle that moderates did lose, however, was on

unemployment insurance moderates have wanted that extra boost in unemployment to be reduced to $300 a week i'm told it will remain at $400 a week and that benefit will still go through the end of august guys >> all right, thank you. and now health insurance unicorn oscar health set to be public raising more than $1 billion in an offering indications now between $35 and $37 a share. we'll see where it opens

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get started today. citi naming microsoft a top pick saying the company is well positioned the next two to three years to take enterprise customers moving to the cloud. the analyst behind that call joins us now tyler, welcome so in this list of top picks, i see a lot of up-and-comers, mongo db, elastic, viva, some dev-ops. microsoft, that's already pretty big. of all the big names you could have picked, why this one? >> well, it is and thanks so much for having me on the show. i think for microsoft we see them as the best positioned large cap software vendor out there. they are having success monetizing office 365 through some of their productivity suites we also see them well positioned

to take advantage of enterprises moving to the cloud in 2021 and beyond and in a more strategic way. we think that aws and google, those are more builder clouds whereas microsoft azure is more geared to the enterprise customers. and so we think they're well positioned to take advantage of that momentum going forward. >> now, tyler, are there metrics that you want to watch with microsoft that are different perhaps than the mainstream overall message we tend to watch, azure growth year over year, et cetera, because when that gets compared to amazon, amazon is still number one my question, though, as the cloud evolves, is where's the profit growth going to be, and which are the companies that are best positioned to take advantage of that? >> yeah absolutely i think one of the interesting factors about microsoft you actually saw their azure revenue

react sell rate last quarter, and i think typically when you see react sell racials in software that is a sign of increasing momentum. we're modeling double digit overall revenue growth for microsoft which, again, at scale is super impressive. we're modeling double digit operating margin growth as well. and so we think the cloud as well as the things they're doing in office 365 are well set up going forward. >> you do talk about some other ideas that are exposed to that general theme, docusign and now i think you have buys on both of them just how broad do you think the population will be that benefits from this? >> yeah, absolutely. i kind of think 2020 is a year of rapid and almost panic buying of these digital tools whether it was zoom or to some extent docusign i think the pandemic, hopefully

is in sight. enterprise customers will be more strategic in terms of their purchasing decisions and digital transformations in 2021. and so i think for docusign you just think about all the processes today that are paper based and there's a ton of upside potential for the conversion of that to digital, which i think benefits a company like docusign. >> hey, tyler, good morning. it's deirdre when you're looking at your top picks, a year we're expecting to see a reopening of the economy, how important are hybrid products and offerings, products that can easily switch between an at-homework place and in-office work place i know it was a large theme during zoom's earnings calls this week underlining the case how it can continue to grow this year when it's facing very tough comps. >> yeah, absolutely. i think flexibility is going to be key going forward as i think about our return to the work

place and hybrid work place, software companies that evolve to the growing needs of businesses are going to be important. i think a related theme there is around hybrid cloud, right, and i think organizations, particularly large ones, are still going to have on premise data centers for some time as well as taking advantage of the move to the public cloud i look at a name like mongo db and elastic which have very nicely growing businesses both beyond premise and in the cloud well positioned to take advantage of that flexibility. >> tyler, maybe you can expand a bit on -- i see you're neutral on adobe, salesforce and shopify. three companies -- a bunch of companies are interesting to me, but they're sort of arms dealers for the cloud in the sense that they don't care what platform you're on. if you're a retailer, if you're a business that's trying to build a presence, to build experiences, capture data about those, they're trying to be in the middle there

why be neutral on them is it a valuation issue for you? >> i do like the front office space, which i think a lot of those companies you mentioned fall into that category around driving digitization, digital experiences. i think to some extent you have to take a step back and understand how much of the growth the companies such as you mentioned saw in 2020 was driven by pandemic tail winds and what you see in the sector around valuation and as the economy reopens and cyclical stocks start to do better, the scarcity of growth in software is not where it was a year ago and so companies that may have a tougher setup in 2021 because of tail winds they saw in 2020 were a little bit more cautious on those, thus our neutral rating >> should i read this as, in a way, an indictment of these companies' ambitions to build new platforms, because that's,

in particular, what salesforce and i think adobe are arguing for, this experienced platform i'm looking across and see zoom, also, you're neutral there that stock has been pretty hot they are arguing they're building out this new type of communications platform. are you a little skeptical that's going to happen even in the medium term? >> well, zoom is a company that's having a lot of success we saw their numbers well above consensus estimates for the quarter and the year and we're seeing great traction in zoom phone. i think the challenge with that stock you're coming off a year where the company grew certainly in the last quarter well over 300% and now you see that growth decelerating certainly throughout this year to a lower double digit number. and i think for that big deceleration in the stock it's sometimes hard for the valuation to adjust. obviously as economies reopen there's uncertainty around

return rates if those pick up among zoom customers you start to see folks going back to the office or traveling and expense -- travel and entertainment expenses returning in the back half of the year i think those are just things to be mindful of the setup here longer term i think these are companies that can continue to play a great part in digitizing organizations around the world >> tyler radke talking specifics and specific calls we love that from citi tyler, thanks. >> thanks for having me. >> watch roku today. did briefly take out yesterday's closing low but has since recovered a bit. the key goes to overwait a target of 518 as we see the markets in general recover from early session lows nasdaq now down only about 92. ♪ ♪ (kids talking) pnc bank believes that if an app can help you track your pizza... come on cody, where are you buddy? ...then your bank should have the technology

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checking in on oscar health set to start trading today, indications at $36 to $38 now. this ipo priced last night at $39 a share. co-founder and ceo martin schlosser joins "squawk alley" later this hour. do stay with us. we now find that 85% of individual investors are interested in sustainable investing. among millennials, the interest is even stronger. ♪♪ one of the big trends in sustainable investing is data, and the ability to understand how sustainable your investments are. by taking that information into account, investors can make better decisions for the long term. sustainability is not about one number. it's about variables like water usage, data privacy, consumer trust, diversity, land use and conservation. all types of investors are now considering this in their investment decisions. this is not niche. one in four dollars globally

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welcome back i'm rahel solomon, and here is your cnbc news update this hour. u.s. capitol hill police say they have evidence of a possible plot by a militia group to breach the capitol tomorrow. they are working with local, state, and federal partners to stop any threats the head of the washington, d.c., national guard says that he immediately notified the army after capitol hill police requested help in responding to the riot on january 6th. however, it took more than three hours to get a response. now the pentagon's top general says that the military responded at, quote, sprint speed to the deadly attack. the pentagon says there was one american fatality following a rocket attack on an air base in iraq civilian contractor suffered a, quote, cardiac episode while sheltering from the rocket barrage. and a japanese billionaire is looking for eight people to go on a free trip around the moon with him.

he has release add video seeking applicants for the weeklong journey scheduled for 2023 but, carl, you might remember that same billionaire sort of put out a very public search for, i think it was called a female partner, to also accompany him for a trip around the moon that never really got off the ground and he had to cancel it maybe this time it will be successful, he'll find some friends to travel with carl >> right it's like an intergalactic swipe right. rahel, thank you we're watching hp first quarter results. they raised for the year as the company gains from the accelerated trend to digitize. the ceo joins us this morning in a cnbc exclusive antonio, always good to see you. congratulations on this quarter. >> good morning, carl. thank you for having me today. >> i love your general framework, and that is that the option to digitize is no longer an option at this point. we're entering an environment

where it's a necessity >> absolutely. we knew digital transformation was already going for a few years but with the global pandemic what we now enter what i call the new age of incite which means you have to digitize everything in your company and that's where it's no longer an option. it's a strategic imperative for every customer >> so i wonder if you'd walk us through what you're seeing in terms of that structural change in demand, but i'm also fascinated by gross margins, operating margins that are at this point above prepandemic levels how does that happen was there a massive cost reset once the pandemic began? >> well, our q1 was marked by very strong profitability and what i call record breaking free cash flow. and this was driven by the focus on cost management but most importantly focused on the areas

of growth that we want to try going forward. and so a combination of improved demand because we saw strongly added throughout the quarter in all our businesses where the intelligent edge, which is our future growth engine did extremely well it was impressive to see that 11% year over year growth. it was what dropped those results, and we ended ahead of the pre-pandemic level on a nongap eps and our profitability and also we improved free cash flow $750 million from the prior year overall i think this is a very solid start to fiscal year '21 what i'm really encouraged about is what i see from the rest of the year because we have a unique set of products which are resonating with customers particularly as we go through the remote work with connectivity, the need to extract data from the data all around us, and the fact got to deploy cloud everywhere for all

your apps and data wherever you live >> antonio, it's deirdre i'm wondering how you're viewing your recent move at the headquarters to texas, and whether you've had any fresh concerns especially as to whether the energy grid failure was an isolated incident or any concerns around the recent decision by the governor to open everything up again. >> well, we made that decision with the previous q4 earnings release. we have no impact at all on that energy disruption. we went through a very detailed analysis before we started building this new campus which, you know, was the outcome of the previous, but we feel very, very good about where we are in the location and the fact that we have very good infrastructure throughout the texas location we are in obviously they had some disruption to some families and

obviously we're stepping in to help them. as to regards what we saw yesterday by the mandates, we stand with our policy which is to protect the safety of our employees which means we will continue to practice our social distancing and the mandate to wear a mask once we reopen the offices because right now all our offices are still closed >> antonio, tell us about the high-performance computing and mission critical solutions business high end this quarter didn't necessarily show it, but you're saying you still expect significant growth in those areas for the full fiscal year. what's driving that growth and customers recognize different needs over the past year >> i think it is important to understand what is going on with customer data. the amount of data continues to

grow at an exponential pace. by our own calculation we believe the amount of data in the next two years will be twice the amount in the past two years. think about that that's amassive opportunity. and those who can extract the fastest will be the winners. that's where the adoption of technologies like ai, machine learning, deep learning capabilities is exploding. our business is a lumpy business the only way is to do the installation it's not like the rest of the business we ship the revenue. in some cases you talk about a football field type of infrastructure that has to be deployed we already have more than $2 billion that we have to build and ship in the next 18 months and the other positive news is the fact that the size of the

deals and the shape of the pipeline continue to grow very, very nicely, and we have a unique value proposition because we own the full stack from the silicon all the way to the software to manage these businesses so super excited, and that's why we are very confident to deliver that 8% to 12% growth this year and then for the long term for that business. >> antonio, i know you've acknowledged potential margin pressure in the future, the inflationary environment around commodities. we talk about dram a lot as we're on the air a ceo says he's not so sure the global chip shortage will be resolved by the second half of the year. do you see it going on that long >> well, i can talk about what we have done and what we are doing and a little bit what we see in the market. remember through the global pandemic, carl, we bolster our

inventory positions. last q2 in 2020 was very disruptive for us. and since then we have increased those levels and q4 last year with a higher inventory level than historical seasonality will say. and that's why i said yesterday we see no impact in our ability to fulfill the demand in the short term now we obviously work in the long-term aspect of this where obviously we see some tightness in specific commodities and inflationary cost on the d-ram side and there's no question we're going to enter cycles where the phone demands with 5g and also the demand for pc to laptops will drive some pressure but i feel very good we as a company have the ability to navigate through but at the end of the day we have to continue to work with our suppliers and making sure we place that order ahead of time to make sure we are on the

position to deliver against that demand when it comes to our books. so more work to be done, but in the short term no impact >> antonio, i appreciate you helping our viewers understand certainly the quarter and the environment in which everybody is trading it's great to see you. thanks again >> thank you for having me today. you're watching health insurance startup oscar health set to go public shortly indications $36 to $38 a share we will chat with ceo d an co-founder late ther this hour. ♪ if your money is working toward the same goals, why keep it in different places? sofi is a one-stop shop for your finances- designed to work better together. spend with sofi and get cash back rewards that automatically go toward your goals.

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shares of lyft surging this morning more than 10% higher as the company says that it is already seeing a recovery in ride sharing that's better than expected now the last week of february, guys, was its best in terms of volume since the pandemic lockdowns began. it expects march volumes to turn positive in the second half of the month on a year over year basis. uber shares, they're also gaining today, though not as much we did hear from the ceo on monday he was a little more cautious, carl, saying it was too early to tell if there was that inflex point in the recovery and i always look at beau companies in relation to each other which one is better positioned for reopening? has uber's focus on food delivery been a distraction? has it created synergies that will benefit ride sharing as

well and then there's that question of supply which both ceos talked about on recent earnings calls they're busy getting drivers back on the platform will that demand even be there >> it's a great point, d dar has been on the show at least on one of the recent acquisitions we tried to get him, jon, to acknowledge the economy was reopening. to d's point he was a little circumspect in his forecast. certainly the lyft data and the gas demand data we've seen the past week encouraging. >> there seems to be a needle to thread here between what we're seeing, for example, in texas. we were talking about that some states, some officials, trying to open things up entirely and then you have hpe saying, well, the state might be open, but we are not how does that affect the rest of the economy especially when you just got word from president biden he expects adults will be able to get vaccinate d fully in

may. it's march already that's a couple months away. to what degree should people bet on that reopening and to what degree, god forbid, if this is a little too soon might we see virus resurgence numbers that could affect the economy and then consumer habits, deirdre? >> right and to what degree, jon, is uber a ride sharing company anymore its food delivery revenues have grown to be bigger than the ride sharing portion which is amazing. i can't help but think back to door dash's earnings last week they really threw some cold water on that profitability outlook. their full-year adjusted started at zero, went up to 200 million. some analysts, carl, have been talking about how that raises a lot of questions about the unit economics of food delivery just when we're starting to figure them out for ride sharing. so, again, just comes back to this question of uber versus

lyft will ride sharing come back to the level before the pandemic and can food delivery continue on this growth trajectory. >> yes last year was a crazy case study, and this year is promising to be yet another. guys, take a look at virgin galactic this morning. boa says while space travel is, quote, inherently challenging and risky, bullish on the long-term prospects. also, we're watching health insurance startup oscar health going public shortly indications getting a little tighter. you can see $36.50 to $37.50 we'll chat with the ceo in a minute

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welcome back oscar health set to make its debut this morning with the latest indications $36.50 to $37.50 at the open we will see. with us now first on cnbc co-founder and ceo mario schlosser. good morning i'm looking at oscar, the insurance health, and what a year it has been for that space. covid accelerated telehealth, people's willingness to explore new platforms and methods but it also added to costs. how should investors look at the impacts on your company? >> it's good to be here, first of all i'm proud of the team at oscar

and for the members. we've done a great job changing the way health insurance is looked at by people and by folks in the health care system. so covid shifting the health care system to what is consumerization, to what is virtual and more risk sharing with providers and payers and oscar we sort of designed the company to be at the forefront of all three of these and i think in five or ten years from now you will buy your own health care experience. you will stick with that over decades. we can invest in your long-term health if that's the case. covid is putting the right kind of pressure on the health care system to really sort of move in that direction and i think we have now virtual primary care, first plan designs in the market where members can directly pick an oscar physician in the cloud and have that be the primary care physician that is off to a fantastic start. it means we work much more closely with health systems and move into risk and individualization.

longer term. >> mario, how important are online reviews and sort of reputation management for a company like yours i've seen lots of things out there about oscar, patient experience compared to other insurance companies. some of it not favorable but then at the same time you are connected to jared kushner, former president trump's son-in-law, which is going to bring a certain time of attention and perhaps criticism that might not have to do with the product. how important are those online reviews? >> i think it's something we watch for sure we generally think we're ahead of the pack of anybody else, showing up for members and making sure they get the best care at the most affordable prices i think you see that, also, when you look online, and that, to me, is the whole reason we started the company. the company was started based on my co-founder, josh, and myself

having health care we didn't think was great and complicated and overly costly birth of my first child. that's what we are investing in. i think we're very far ahead of the pack the rest of the industry will keep being our focus >> yeah, i liked your origin stories that you laid out in your ipo prospectus. i wonder if you could walk us through the pricing process leading up to this debut for many of the unicorn ipos we've seen prices surge above the ipo prices, which has led some critics to say they were mispriced. you raised your price range and priced above that at $39 it would seem based on your indicative range right now you priced it pretty well. how did you account for what's been a red-hot ipo market and the rise of the retail investor, if you did at all? >> you know, to me, the most

important thing about the company has always been we never really celebrated fund-raisings, milestones of not much importance we wanted to have the capital to invest in a better health care experience and better outcomes for our members. i think that's what we optimized for, made sure we had the righte have the right amount of capital out of the process at a time that was fair for everybody right through the middle of the fairway there and i haven't looked at whether the stock is open and people can trust us with capital investing and it's going to take a while. we told people in the beginning and this is coming back in 2012 that this is not going to be an easy story and not going to be an overnight success and it will take a very, very long time and when we licensed the insurance company in the commercial green field, and that's just a trail we blazed, i think, that we'll keep being on. there's one thing that in almost

every single way in which we could have chosen to go, which health care market and which health care market segment we chose always the most difficult one and that's why people work for oscar and that's why i own the company and that's what makes it the most thrilling and fun, honestly and that's what will make the biggest difference in the long term and this is another one of those days, i have to show up in the evening and i have to go back and look at my dashboard to make sure members are happy in the way that they are and that's what we're all about. >> well, speaking of things and areas of health care that are difficult, mario, we're in an environment, a crazy political era. the threat to changes in obamacare has remained a low-grade threat for a long time and i wonder if you see that busting out in any way, good or bad? >> it goes back to my previous question, and we always chose

the hardest market and the hardest path in ten years from now i'd be surprised if we were buying our own individualized health care experience i'll say it this way and mix providers to get the cost down and get you the best possible outcomes and that is an unstoppable train. the obama care market was one component of that. we said in the beginning of 2017 really when the previous administration was not so friendly to the aca that whatever happens here that long term picture of individualization will be the one that will break through and that's best for consumers and that's best on selling you healthcare and giving you health care and providing to you to really perform and gets you the best value for your money and get everybody covered. we have 20 million plus people not covered in the u.s. and that's a crazy number. i think to me, no matter what the regulatory gyrations are

will go toward universal coverage with the system and one that really gets you the best outcomes for the value you're putting and to me, we have the ball that we have the eye on and the new administration will be friendly to the aca markets and the market is growing again and it's getting people cover which is fan taftic to see and warms my heart, frankly, if we can play a tiny role to move that system, we are there for the ride. >> if you're not watching we are, indications are between 36 and 37 tell me about your strategy on doctors getting, keeping great doctors inside your network. what's the status of that? how much are you going to spend on that? where should we expect to see that in the financials is that a marketing cost >> so we do this internally, first of all, and do this in two

different ways and do our own internal date and system and tell us the high-quality physicians and we very carefully seek those out to members in the market are efficient and high quality and that's one way in which we build the networks and we add physicians in every single market and we're in every single day when we hear fgdzs that are great and we work with health systems and we help them get into the new world of risk taking to share providers and the individualization. if you're a hospital system and you really think in the right way about the future, you are seeing a future in front of you now where you want to get paid for patients not just showing up in the emergency room, but even when they stay at home and stay healthy and vibrant there and that kind of a future where a system works closely like us in

a very seamless member experience and sharing the financial risk for the outcomes and for you as a member there, that is what uniquely activates and we build health plans for and institutions like connect and the memorial and holy cross systems with montefiore, new york, and the health systems in central florida because they're all forward-looking and innovative healthcare because they're it's people walking into a room and generating a bill there and more about this care >> well, we look forward to the stock beginning the trade. it has not opened for trading yet, but we appreciate you being with us. >> thank you i'll call you about the sale price. thanks very much thanks for having me on. [ laughter ] >> you know that we are always watching the stock price google clarifying its plans for target for plans it laid out

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welcome back snowflake reports earnings and you can see it here down 5% ahead of that. it's interesting, right at that level where it was trading after its ipo nearly six months ago. it's been up to almost 400 it's been down almost to 200, but the important thing now is this earnings report that we have seen other stocks like zoom that have been highfliers, also move on earnings i suspect investors will want to hear a lot about growth, deidre. >> you know what else is volatile, john, but in a much greater sense? rocket we opened the show with it let's get a check on it before we go. down 20%, trading at $23.50. carl, this hit $43 yesterday who knows where it goes from here, but you have to feel for those investors who bought at that $43 like the gamestop traders that bought at th$483

>> these lessons come hard, guys dow, by the way, session high is 250. we're not too far away from that and we talked about the reopening and the potential for travel and certainly new orders on deck, but that's the highest level since december 14th and boeing is now up 9% for the year, that's three times the s&p's gain let's get to the half. carl, thanks so much welcome to "the halftime report" ". i'm scott wapner and the boom trade as the economy roars back in the month ahead our investment committee debating the road ahead today. with me for the hour, stephanie link, joe terranova, pete najarian and the principal of odyssey capital advisers and show you where we stand at noon, nasdaq negative. yep, techs down again, all of the way on the right bonds are down and rates are up. rates are up and tech goes down. guys, what