good morning it is 8:00 a.m. at snowflake headquarters in san mateo, california it's 11:00 a.m. on wall street, and "squawk alley" is live ♪ ♪ ♪ ♪

happy thursday welcome to "squawk alley." i'm jon fortt with carl quintanilla and deirdre bosa this hour shares of snow are heating up and ceo frank slootman will break down the quarter with us exclusively next and then marvell, ouch shares are down as supply remains tight. the ceo matt murphy will join us later reid hoffman will explain why he believes inhippo's emphatic growth. we are going to start with the biggest tie-up between tech and music since tim cook's apple acquired dr. dre's beats now jack dorsey square making some waves over the acquisition of jay-z's title deirdre, i don't know what to make of this because so often in tech there are these tie-ups i remember when it was will i am and intel, it was a partnership that there was one with

blackberry as well and those didn't tend to come to much but then jay-z has been so unique in the industries that he's moved into, the impact that he's had beyonce, his wife, as well it's not just about slapping a name on something. it's about developing product. could this be different? >> you know, i think this one could be different there's some clues in the way that both jack dorsey and jay-z sort of characterized this deal as finding new ways to support artists. now square, of course, has made it their mission to support small businesses, so perhaps an evolution of that is now supporting artists carl, we can't ignore the fact we started the show with the kings of leon song and a nod to them releasing a new album as in a nonfungible token. square, jay-z, jack dorsey is very interested in crypto. could we see more nfts from a square title deal? on the other hand this could all

be about cash and getting that demographic on to what has been a very big push from square. i see a lot of synergies here. we just don't know exactly what they are yet, carl >> yeah, i mean, i would add jack has always considered himself a bit of a media player, jon. he said in his thread today a compelling tie-up between the music industry and the economy i also think it's interesting some have pointed out jay-z has been a holder of shares. what does it say that jay-z sees as a decent time to be selling in this environment? >> he got jack dorsey to trim his beard very nicely, too, for the photo. people should check that out on twitter. but let's move on. snowflake shares rising this morning after reporting fourth quarter results that saw expanding revenues and losses. joining us now in a cnbc exclusive snowflake ceo frank

slootman frank, welcome what i am most curious about, having looked at these earnings, highly anticipated, is the growth momentum. your product revenue is up 116%, i believe, year over year. current quarter year projecting 94% at the midpoint, so roughly still doubling also, you said 77 customers have generated more than a million dollars in product revenue up from 44 a year ago so tell us about that. are they consuming the same thing or more of it or expanding your product offerings and the customers are buying more? >> yeah, jon, it's really a confluence of factors. the market is really developing in front of us this is not a static world it's incredibly fluid. the reason is computing provides a completely variable capacity environment so customers can

scale at will. the only limitations to what they can and can't do are their budgets and their imagination. the markers are moving on both those things we see that every day. so it's incredibly liberating to be in a variable and not a fixed capacity environment because people can go after their backlogs and once they check that off they're on to all kinds of different things. so this is really fueling the flames of digital transformation in a huge way. that's where it's coming from. >> i think investors probably struggled to understand the market opportunity for players like snowflake and when i say flareplayers like snowflake, those well positioned in a cloud environment i might include marvell in that. they have a play that's relevant with big cloud players but before we go more into that, tell me about the decision to eliminate the dual-class share

structure so soon and with the lockup expiring tomorrow >> yeah, that's really not a huge topic, and people should not take much away from that it is an administrative way operationally onerous and we got sick of it the upshot that you get from it in terms of controls is a typical thing that happens in silicon valley during the private stages of companies. once you go public, it's just an ordeal we decided to say to hell with it, we're done and we're moving on this simplifies life for our back office operations that's really what it is >> frank, those comments -- it's deirdre, by the way, does that apply to snowflake or do you think other tech companies -- a lot of tech companies have that dual class structure do you think their lives would be simplified if they got rid of them, too? >> no doubt. these are all administrative

type of issues that we're all subject to everybody is suffering the same set of consequences of that structure. now there's a reason people have dual-class structures and you need to figure how important that is to you we decided it isn't. >> when it comes to geography, when it comes to industries that might be more impacted by the continuing pandemic than others, what are you seeing? >> the real friction in terms of growth is that customers and institutions and enterprises have to move legacy work loads to the cloud and it's a process first they have to get their data to the cloud and then migrate their data, significant projects we're involved in every single day and then they really start running things and evolving. because we're a consumption-based company with a utility model, it takes time there's a lag between customers

deciding they want to be on snowflake before they actually start consuming the service. there's natural friction in the process. obviously in spite of all those factors the growth is still phenomenal because customers that really get going on snowflake, you see the growth out of the gate once they get on it obviously we delight in seeing that >> frank, on the earnings call, you talked about the dynamics with legacy vendors like ibm and oracle and i'm quoting you here, you said you've never seen a legacy provider be in the running for a go forward destination like the snowflake platform where are you taking growth? are you taking business from the legacy players or new work flows and if it is the latter where does it leave them >> well, that's probably a question for them. it's really not my problem of course i'm creating the problem. >> but for your business >> right

look it starts with these legacy work loads most of the time not all the time we're also involved in brand-new projects whether it's no legacy involved at all. but oftentimes it is we have a legacy flat form and want to get off of it. we're going to migrate our databases. then once you're on our platform, all of a sudden the sky is the limit and all of these opportunities present themselves to innovate, to transform. and it really lights people up it's almost intoxicating what the possibilities become people are becoming much more data savvy, they're very digital in their orientation and are seeing opportunities and seeing their competition move it's not just up to them they need to keep up as well with what's going on around them >> frank, following up on what you were just saying about the process, about the motion to keep your growth going which, by the way, again has been phenomenal up to this point.

you're still roughly doubling, is there an advantage in being able to migrate customers more quickly and efficiently? is there ip there that either you have or that you're looking to acquire that's going to position you differently perhaps or, if not position you differently than others just take some of those limiters off to the extent that they're there. >> yeah. super important question we have intellectual property in terms of analyzing data and code we have automatic conversion of databases as well. there's always the stuff that has to be redesigned, reconfigured, reoptimized, all those kinds of things. we have enormous partner participation from the global system integrators and so on so that is incredibly important. they bring an enormous amount of muscle and core capabilities to

help customers migrate these work loads it is not just speed, it's the cost of it it's the risk associated with it it's a serious undertaking it is going faster and faster. we are accumulating experience, becoming really experienced in doing this kind of work and it's going faster and customers have more confidence in our ability to do that with our partners so a very important question you just asked because that's critical in triggering the consumption curve sooner rather than later >> as we look at that consumption curve, frank, and get news the past week from president biden that in may there should be vaccines available for adults really broadly, what happens to costs for a company like snowflake, marketing costs, do people start gathering more does that become an accelerant to revenue or for a while more of a cost on the balance sheet perhaps that's going to affect the path to profitability? >> well, i think that's people

going back to work will be a net positive for people like snowflake. we're bottled up as an economy due to lockdowns and constraints and what have you. once you start unleashing all of that, i see it as a positive for everybody in the economy, not just us. so we're looking forward to just letting it rip and really pursuing our opportunity with everything we've got >> i know ceos hate talking about stock prices but i will not ask about it perhaps in the typical way. what's the impact of the volatility not just on snowflake's stock price but on the market overall maybe if you're looking at m&a, right, the price of something one day is like bread is $2 one day. it's $10 the next. does that have an impact at all on how you have to strategically plan >> yes, it obviously does. what's the price of rice it does affect your perspective

on certain opportunities that said at snowflake we tend to really acquire the combination of talent and technology at a relatively small scale. we have such a huge market, so for us doing large m&a doesn't make a whole lot of sense. even when we buy things we have to take the time to replatform, reimplement. so it takes time anyway. we're much better off with what i call buying the stem cells, in other words, the things we can grow capabilities from buying small is not expensive. it's more risk you can be wrong and cripple the company in the process that's really the mode we like to be in it's quite unlikely you're going to see us do big m&a at this point even though we know we have the balance sheet to pursue it >> great insight into the strategy, frank slootman, ceo of snowflake exclusively after earnings we appreciate it >> you bet

in the meantime, queen your eyes on qualcomm piper goes to overweight today price target 160 speaking of chips, we'll break down the quarter with marvell's ceo. oil near 64.5. gasoline futures near the highest since july of 19 as opec will keep production steady. your daily dashboard from fidelity -- a visual snapshot of your investments, key portfolio events, all in one place. because when it's decision time, you need decision tech. only from fidelity.

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marvell shares down about 7.5% as the company predicts supplies could remain tight. matt murphy, thanks for the time as always, great to see you. >>, too, carl. >> the quarter is important. of course i have to talk about it but all the headlines and all the eyes drawn to the supply gap. do you think the market it poised at this point to accept this might last longer than some think? >> sure, yeah. if you take a step back, i think the whole industry is going through a very strong upswing. we finished our fiscal year '21, grew revenues double digits, networking business grew 22%, and then our 5g cloud and automotive business doubled from the prior year so we're heading into this current year in a situation where marvell is growing very fast and on top of that there are supply constraints which

we're dealing with to try to meet the surge on top of the growth we've already seen, and we do see these constraints, carl, being very pervasive for the industry, and we think this could last depending on if any segments -- if all segments continue to fire on all cylinders like they are it could be tight the whole year. >> how does it compare, do you think, to classic cycles where we go into an upswing and maybe inventory managers weren't prepared for the economy or what have you, macro or industry dynamics to run so hot does it feel a lot different and do you attribute that to the structural change the pandemic brought us. >> i think so. i've been in this business for about 25 years i've been through all of the major cycles since that time including the dot-com, financial crisis and four or five other

ones that have occurred. this one is a little different in that it really was a v-shaped recovery people were definitely caught off guard. a lot of uncertainty if you go back to where we all sat back in march/april of last year there was a ton of uncertainty on what was going to happen. and i think there was a view this could look like the 2008/2009 correction which demand evaporated for semiconductors very quickly. automotive, by the way, at the time was hit very, very hard and then, of course, it came roaring back in 2010 and the industry was caught off guard in this case it's come back, i think, faster than people thought, and there are so many new growth drivers now in the semiconductor industry whether it's ai, whether it's new technology standards like 5g which is ramping now cloud technology compared to ten years ago has been a transformational technology. so you have that layering on top.

i think there was people really underestimated the supply chain in terms of where things were going to land at the end of the year >> yeah, and then you have the pandemic on top of that accelerating that digital transformation i wonder if you think we need more companies that still actually make their own chips. i mean, tsmc and a few others, as it turns out, can't supply everyone at the pace you just outlined so does that happen? does it happen in the u.s. over the next years or decade or so, and do you think that the biden administration getting involved, will they be able to do enough >> sure. i think this has been an ongoing challenge which is the growth of the capacity in the semiconductor industry has been largely outside of the united states and this is a trend that's been going on for 20 years. i think there's been a recognition for the last several

administrations that from a national security standpoint from an economic security standpoint not having a strong position with u.s. in particular could be problematic for the country. and so certainly the biden administration has really embraced, i think, and is looking into some of the legislation proposals that came in the last administration, things like the chips which would fundamentally provide funding so the u.s. could be on a level playing field with other countries with respect to building fabrication facilities. that being said this is a complex business companies like samsung, intel, global foundries and others, there's only a handful of these companies now that can really produce these advanced transisters with the yields and the manufacturability. it will take a while but i think there are positive steps

including one of our partners committing to build an advanced fabrication facility in arizona, which will ramp up five nanometer technology i think there's a lot of momentum in the industry and within the united states government to really look into this issue >> matt, good to see you it's jon fortt i couldn't help but notice that you explained the sort of knew asik business on the call and how the mega scale cloud providers and their and institute for custom chips, you actually see that as a continuing tail wind to what grou do you think most investors appreciate that and how has demand changed over the past year? >> great question. this custom chip business is newer. we acquired a company which

going back to ibm micro electronics, one of the leading teams in the world to do these types of very complex, advanced custom chips for wireless infrastructure including cloud computing. that has been an area of great opportunity for us we get the question a lot, jon, we hear these large oems, cloud computing companies are doing their own silicon. is this a good thing or a bad thing for a company like marvell? we think it's a great opportunity. and the reason is certainly in the cloud environment there's such scale in terms of the computing that's being deployed and networking and storage, by the way, that the ability to differentiate on the semiconductors inside the cloud environment can provide a huge advantage to those companies in terms of the service they deliver.

more and more whether it's micro processors, whether it's in ai acceleration, special storage type of applications, there's a groundswell of activity in custom silicon inside the cloud market, and we're one of the key companies and few companies that have the right intellectual property, the right business model, and the ability to really partner closely to take the best ip from marvell as well as look at what the customer specific needs are and they contribute their intellectual property and architecture as well we work together and can do very complex, very efficient custom silicon this is the way the market is moving, jon, in terms of where the cloud companies are going. >> it's fascinating. matt, i'm sure you're aware marvell is a huge focus for our viewers. appreciate you coming on and talking about the outlook. good to see you. >> thanks, carl. great to see you and the team. checking in on shares of

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home insurance startup hippo going public in a spac merger with re-invent julia boorstin joins us with linkedin founder of re-invent alongside hippo's ceo. julia, take it away. >> thanks, deirdre, and thanks, for being with us to talk about this deal that gives hippo a $5 billion enterprise value and more than $1 billion in crash. reid, i want to start with you because you were just on our air talking about a very different kind of deal you were talking about your deal with jobi, an air taxi, a flying

drone. tell us why hippo. >> at we invent we start with a how do you find the amazing technology companies that redefine industries and create magical experiences for consumers and actually transformations of society through the transformation of industry we weren't thinking insurance or flying cars. we were just thinking what is that, and how does that help technology redefine society? when we found hippo, oh, this is exactly the kind of thing we're looking for, even though we hadn't been looking for insurance. they're shifting the model from an adversarial model to a partnership model where you say we're in a connected world connected with you as a person, connected to you as a house. how do we make this thing that seems kind of like, oh, i have to get house insurance that's a participate of your life, make that really work and partners is

something we were super delighted. >> explain how you use data enabling the service and your customers to be proactive about their homes. >> good morning, julia focusing on modernizing insurance and refocused back on the customer this is an industry that hasn't changed in 100 years what we're trying to do is change something of an adversarial relationship into a partnership. this enables us to help customers better maintain their home and prevent losses from happening. using things like imagery to keep on monitoring your home so if you made a change or something happened we can preempt it before. we're offering iot device to any one of our customers to help them monitor their home and if

there's a leak they can prevent it from escalating and home care is available to our customers allowing them to do telemaintenance and take care of their own >> reid, internet of things, how does this fit into your broader thesis about networks and platforms? do you see this being about the new network of the connected home how does this fit into your philosophy on startups >> you know me well because i always think with networks, linkedin and airbnb, so always thinking networks. this kind of industry and making it magical is that network connectivity not hey, you're connected to the homeowner, to the home with

internet things, all of which gives you data which allows to you make analysis that says, hey, you can save yourself from risk and perhaps danger a part of the network transformation because it's a networked home and networked homeowners >> reid, good morning. it's deirdre you launched your third spac and part of your pitch to startups you look to acquire is thatyou will stay around to help with the next leg of growth to get the benefit of your extensive experience can you do that really well at three companies that arguably could be under more scrutiny because they're public not private. perhaps that's where it differs and are you planning more spacs? >> both mark pincus and i and michael thomas have had a lot of

experience, myself and linkedin and now microsoft. so we have a lot of experience with what is the journey of public companies and that's part of the reason we view ourselves to be great partners and part of it even more we have this thesis of venture capital to scale when you look at how these amazing new technology companies are built, they're built through cycles of invention and reinvention. new business models, new products, new technology platforms. and we have done this. i have done it personally. i've done it as an entrepreneur, a member and board member, airbnb actually, i'm not -- i have confidence in my abilities, but that confidence doesn't come because i know it all. the confidence is because i know we are constantly learning and re-inventing >> so will you stop then at three spacs or are there going to be more companies and is this different than being on the board of a public company? they've gone through the ipo process this is a much shorter

process at a very different stage of growth, isn't it? >> i think it's basically the same as being on boards of public companies and kind of how you set them what we're trying to do at re-invent is to make sure those boards are essentially people who are -- who have that entrepreneurial journey experience, who have that scale journey experience and aren't just gray hairs in the industry or the equivalent. actually, in fact, the technical build and rebuild as part of what we are doing. and, look, we did a ton of due diligence. areas around technology companies and so forth, we do that at venture all the time the firm graylock capital, others as ways of making this happen and so we are confident in hippo's executive team's strength as a company, their ability to be ready for the public market. >> assaf, i want to get your

perspective here reid is behind you you have now over a billion in cash and he has full confidence in what you will do next my question is what comes next now that you have these new resources? >> it's a good question. i think the short answer is just doubling down on everything that we've been doing for a while now. we have abundance of opportunities and this is the time to take advantage of these situations, doubling down on technology, doubling down on data, scout the market if there are interesting opportunities to add great teams to the company just keep on focusing on what we're doing which is focusing on the customer and give them the best service and the best ability to take care of their homes. >> i'm curious as you look at the trends over the past year as we've all been working from home and teaching our kids school from home and the home has become a much more important place for everyone, how is the

relationship with home insurance changed in that period >> it's a really good point. it's something we've been seeing going. the last year our homes became a very different asset it's not just a place we go to sleep in it's a place we educate our kids and it's our school. it's the gym we work out in. it's offices for all of us and i'm sure that's where we are taking these quotes from now we have a focus and ourvision is to protect the joy of home ownership and focus back to maintain their homes, focus on just doing the stuff that they want to do in their home which is the joyful part and leave it to people to take care of all the bad things that happened in their home this entire safety net is supposed to capture if something happens became smaller and smaller and our aim is to extend it again and help you focus on the important things in your life and just enjoy your home. >> and do you anticipate making

some acquisitions with those new resources? >> there's nothing specific on the table. it's not something that is out of focus, but it's not something that we focus on as well it's always on the table if we find builds all kinds of capabilities for us and enable us to grow faster, then we'll entertain it nothing specific on the horizon now. >> and, reid, as we shift back to you, i'm curious as you look at the potential for hippo, do you see potential to do more deals in this home space, in this insure tech space what can we see from you next? >> we didn't actually start with a view of doing insurance tech now you had a little bit of knowledge about how deeply everyone's ties are from the airbnb, journey and

pe experience what are the ways your home is something that is your sense of identity and safety. it made it easy for me to say, oh, i see how this can grow huge and this is one of the things that shifting from an adversarial relationship to a partner relationships will make a difference we won't be, per se, looking for insurance companies. we will be looking for -- looking at hundreds of companies and say what are the absolute best technology companies with really strong management teams like assaf and the hippo team that can actually, in fact, transform an industry that's good for the industry and also good for society and that's the thing that we're looking for at re-invent we don't know what it will be. but that's part of the joy of the investing and partnering experience as investors. everything i've been doing for decades. >> and what's interesting, though, if you look at the scope of your investments, you have made a number of investments in

the transportation space in convoy which is on-demand trucking as well as aurora which is self-driving vehicles so there does seem to be the expansion of a thesis once you get into this space. i'm curious as you look at this new home and sure tech space what are the underlying technologies that you're watching that could be so transformative not just for this type of company but for others is it about the internet of things >> definitely the internet of things is one of the things that is of key importance the fact that everything is internet connected there's a lot more data, more sensors. everyone is connected through phones and all of that enables it that's part of what enables artificial intelligence, one of the things i've been working on for years. it's part of, of course, autonomous vehicles with aurora and what you look at is how does this network make things better for everyone make things better for the individuals who are participating in it and also make things better for the industry and the society and obviously started doing that as a founder with linkedin

and those are the kinds of technologies we look at. even, for example, of course, we talk about cryptocurrency before on the show. crypto is another form of a network, whether it's a decentralized finance and decentralized in how the networks become platforms that build new applications that transform human lives. those are the things that i have essentially based my entire career on. >> fantastic, reid networks becoming platforms, ai and the internet of things and, of course, more empowered consumers. big topics for both of you thank you both so much for joining us today >> thanks for having us. >> thank you, julia. now do you want the latest on how to innovate in your work place? of course you do don't miss the at work summit march 30th an all-star lineup of matthew mcconaughey, reid hoffman, and more register now at bcen.c/wk. you need to hire. i need indeed indeed you do.

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michael, doing something crazy. this is the place where we can show the world what we can do. comcast is partnering with 1000 community centers to create wifi-enabled lift zones, so students from low-income families can get the tools they need to be ready for anything. oh we're ready. ♪ ♪ welcome back to "squawk alley. a connection made through cnbc, if can you believe it. late last year we host add special discussing economic opportunity in america and the latino community well, that brought our next guests together. joining us now the ceo of tech unicorn and sales engagement platform outreach, i met through my ft. knox digital show a pioneer from the early days of the smartphone and now board member at outreach guys, welcome. manny, i want to talk about how ralph on your board came together but, first, let's talk

about outreach for a moment because you're about efficiency, engagement and sales and the sales motion and sales game has changed so dramatically in the past year of remote work what's business like, and what are your imperatives and goals now? >> busines >> business has been incredible. the tailwinds generated by covid just accelerated the digital transformation, all sales are moving to digit all. 70%, to 80% want a digital experience it's hard to keep our sellers safe traveling is dangerous going abroad is a situation you have to deal with, the covid situation in that particular country. plus the amount of savings is just panning out to be this one singular event changing sales to completely being a known line, you know, from your office or from home kind of transaction that's correct measurable and that we can optimize it, with he

can make it, even more personal, because we have technology all over it. >> ralph, you know from big technological changes, having worked in at&t's consumer business for the launch of the smartphone on the business side, as the cloud was gearing up, how did this board on outreach thing happen >> well, it happened on your program. that was the beginning of it, john manny and i had never met, but after we connected on cnbc, we continued to discuss and finally managed to say i would love to have you on my board the amazing thing, when i look at manny's business mod the and mission for outreach, i completely related to the experience ed at at&t, where i was responsible for sales in over 200 countries around the world. they have a platform, jon, that focused specifically on the salesperson to make the person more effective, and at the same time to digitize the things they

do the pandemic accelerated the digitization of the sales process, and i don't think there's any going back the same people that manny said they're serving not only preferred the digital interactions, but they're here to say i think the platform makes it more effective in addition it makes the crm systems more effective instead of the reps having to manually put into those systems, outreach does it for them. so the beautiful thing is the sales force consequence traits on selling more timely and more useful to the corporations granted ralph is already on the board, but talk to me about representation on boards.

boards at this moment do not reflect the demographic of america. we don't have enough women, minorities, not enough blacks, hispanics, and we are the part of the fabric of the technology that's happening as a person of color, i'm really, really bought into the fact that we have to look like we look like our customers and the places where we live it's a core value for us we get strength from diversity and inclusion. i'm so excited to have ralph on our board. we already have sarah and sue as board members in our board, but having ralph is a visional firepower to continue to deliver on the mission and the vision.

>> ralph, you have that perspective from big established companies and from startups sitting on boards of both. how is the conversation similar and different about what's going to be required comes out, hopefully of this pandemic period, as we look forward to more vaccinations. what maybe is a message that you're bringing into those boardrooms of various sizes? >> first to follow on, i've always been a leader of diversity and inclusion. it's good for business and also the right thing to do. in the boards that i serve on, jon, after our program, we have added four directors on those boards three out of the four were ethnic minorities and half of them are women, and i know they're super qualifier. in fact these four people could not be better qualified. i am honored to serve on the boards with them company should make an effort to

find qualified candidates. i think one of the things we did to ensure that happened is first of all make sure we looked in different places if a board could not find qualified candidates two, increase the size of the board temporarily if you needed to if you find a qualified candidate that's exceptional and fits your needs, to go ahead and increase the board size temporarily, and then finally to make sure that you consider people who are other than ceos, because there's a limited number of them. those things i think will make a huge difference. the other thing that's also commonly being discussed is, of course, the digital acceleration of everything, especially in lieu of the pandemic this is where outreach plays, and i think again they have made their own category there is no going back the future of b 2 b sales is digital. >> i'm glad that cnbc brought you together

i look forward to seeing what outreach is ability to do, and having both of you back. manny, ralph, thank you. >> thank you. >> good to see you, jon. well off the low, still in the red. announcing an all-stock deal today, as they are spending $6.5 billion to require a rival speaking of bunds, nasq dais back in the green and above 13k. we're back in a minute at emerson, we drive the adoption of more environmentally friendly refrigerants, for a greener, more sustainable impact on our future. emerson. consider it solved. ♪ 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. like investing in stocks, etfs, and crypto. that's better together.

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kings of leon going on in on they'll have a final and digital download for a token priced at $50. the release starts tomorrow, after which no more will be made dee, you mentioned this at the top of the hour. this is definitely the art market and now music that's leading the way. >> it's an interesting proposition. as we know, over the last few decades we have seen the revenue streams for musicians and group

to decrease. if this is one of them, it's great. we'll see if it sticks, how they sales and what happens after these tokens are sold. >> i would still investigate have a poster or gheit tar signed by the band i found this old nft. >> the digital world out there let's get to the half. >> welcome to "halftime report." front and center this hour, the big call from one of the america's most successful investors. what he told me. we'll debate it with our investment committee josh brown, jim lebenthal, jon, and tiffany. nasdaq and nasdaq 100 pacing for their third straight negative weeks nasdaq has recently gone positive by just shy of 19 points dow is the winner again. th