>> good morning. it is 8:00 a.m. at google headquarters in california it's 11:00 a.m. on wall street and "squawk alley" is live.

♪ >> happy friday. welcome to "squawk alley." this hour crypto on fire we'll hear about the album release. smell that burning cookies. we'll tell you why ad tech names are getting fried this week thanks to google and thinking inside the box office again. the ceo of imax joins us on his plans post-pandemic. we'll begin with some of the highly valued names in the sector like snowflake, all down big. roger joins us now good to see you. happy friday to you as well. i'm looking at this and for the

week the nasdaq gave up the year's gains this week and then at a microlevel, pinterest, chewy, all down 20% for the week but each are still up more than 25% for the past six months unless you were chasing a trade, do you really need to change anything is this a panic moment i don't think it's a panic moment i think it's a moment where we're supposed to stop and ask ourselves what has changed it seems to me that we've been in this extraordinary environment for investing for literally decades where it's not just the corporations that optimize everything they do for shareholder value, but successive precedence has used wall street as the barometer of how they were doing economically so policy is favored investors for a long time. the pandemic hits. now suddenly we have to have all kinds of stimulus efforts to

protect the economy especially to protect those whose jobs were lost in an environment where healthcare is tied to employment so you're seeing a reallocation of spending in the economy in a way that i don't know it's actually bad for investors in fact, i'm sure some sectors will do great out of this. it's a change. if you sit there and look at it, if government policy is going to run up these big deficits, which it has to do in the short run because, let's face it, an economy optimized for shareholders had no slack and so we've had to do all these intense investments to overcome that the question is what are we going to do next >> it sounds like they are saying, tell me if i'm reading into this too far, for a number of presidenciies we've seen a focus on equity markets. people who already have capital in a sense and now because of this stimulus, at least the

purpose of that is to get money into main street if that is what actually is going to happen, how should an investor think differently i'm not even just talking about equities all of the things involved how do you think differently about where to put your money if there is that government effect happening now? >> it's clear that we're having, at least, phase one of the government effect. we've had several really large pro appropriatate aatio appropriatations it started under president trump and continuing under president biden. what would follow a thing like this is a period of austerity. the problem is that doesn't make sense this time because you basically would be applying the oust irrausterity to the peoplee helping right now. to me what it suggests is we're going to allocate the economy differently than we have like i said, there will be a lot of

sectors on wall street that will benefit from that but not the same sectors that benefitted from what has been an extraordinary run for the stock market >> on that front, roger, we have turned to you for macro strategy in the past especially last spring when things were truly off the rails. it sounds like you're arguing that the drag from higher rates and scarcity and higher energy prices will be offset by growth in the long-term >> it surely feels like that to me it really does feel like we're going to have a different kind of growth. carl, let's think about what has really driven stock prices particularly for big stocks over the last five or eight years it's been stock buy backs. i have to believe one of the changes in the tax law that will follow this is that's probably going to be a lot harder to do if rates are going to be higher, that's going to make stock

buybacks less attractive you want to look at sources of return and ask yourself in an economy where we're distributing the benefits of economic growth across a larger sector of the population, which parts of the stock market are going to benefit most and which other asset classes are going to benefit most we've seen a tremendous amount of speculation, particularly in the last year on things and some of that may, in fact, work really well from here and some of it may, in fact, not work i'm not making a prediction. i think of the world different in a way that you can actually analyze today. i'm not done with the analysis i don't know exactly where to go what i'm convinced of is that when you take $4 trillion and you divert it from the status quo economy to try to bail out the people who have been harmed by the pandemic, that's a big

enough number that it's going to have a lasting effect and it's going to reallocate the economy a bit. >> that gives us all something to chew on, roger. let's talk some tech and google specifically they've got new rules regarding tracking users for advertising and that's been hitting all of the ad tech players this week. i wonder, google saying they're not going to use certain types of ways to track people but in a way isn't this doing away with name tags when you already have facial i.d. technology i mean google has so many different ways to understand where you are, where you've been, what you've been searching for, even without the basic tools like cookies >> i think what's going on here is google is respondingto political pressures by trying to create the illusion of cooperation while actually taking nothing in its business plan in a way that would harm its earnings if you look at this, google made

a move where it was getting rid of third-party cookies it was quite consciously not getting rid of the cookies that google itself places in browsers so it continued to track people. but that did change things in the ad tech world. now it's saying we're no longer going to use the tracking of your behavior on the web to target you for ads but they didn't say they were going to stop tracking you they're just going to use the stuff differently. they're going to try to aggregate people and they claim that will create anonymity that's not actually how it's going to happen. nothing has changed for google >> doesn't it actually give them an advantage because they're on so many devices around the world given chrome and randroid. google shareshaven't reacted t this news.

do you think ad tech could be the next group to go after big tech, facebook and google, for some of these antitrust concerns >> absolutely. if they don't, they're insane. this is a power play of the first order. google is making a bet that there's so much going on in antitrust that no one will come after them for this. i look at this and go, gosh, it literally is fish in the barrel for antitrust regulators and what's really clear is that this is a bipartisan issue. >> the way that google has presented this whole move was quite smart. they're putting themselves on the side of consumers saying we'll protect your data and most users don't actually want that third-party cookie tracking. they're putting themselves in opposition to a facebook that's locked in this high rprofile battle with apple. are they going to come out better because of the way they

frame this >> the way i would characterize it is that it's really smart play to separate themselves in the public imagination from facebook but in reality, it's not protecting consumers at all. google is still doing all of the tracking they're still gathering the data they're just using it in other ways and we should all be very afraid because google is really talented they're really capable when it comes to their messaging i would put them in contrast to apple right now which is turning a small problem relative to its app store, one that would be easily fixed if they were smart about it, into a giant political problem and i look at google and i really do admire the way they handle their government affairs stuff. they do nothing helpful but make it look helpful in a way that facebook has tried time and again and failed at. >> roger, i'm going to make a statement. i just want to see if you agree with it. i'm not sure if i agree with i'm going to put it out there.

we have credit reports we're familiar with those. we have credit scores. until each consumer has a data score and a report government supported that shows you your data exposure and your privacy risk based on the accounts you have and how you use them, people aren't going to really understand whether these policy announcements and moves actually mean anything. >> that's a really creative idea i have started from an activist perspective in trying to argue for a more extreme move which is i think we need to have a debate about the legitimacy of using consumer data in context that were not intended by the consumer this notion that any time you leave a digital footprint, whoever sees it can claim it as an asset and use it how they like there are a lot of things we decided in history are not good. child labor, ponzi schemes

a lot of business models that were profitable we ruled were against the public interest. i want that debate about the l legitimacy of the business model itself to my mind what you're suggesting is a compromise that where we will wind up is closer to what you're describing. something that says, listen, you have to give consumers the ability to control how their dw data is used starting with an accurate map of where your data is we don't even know all of the people who have our data >> let's have the debate anyway. i love a good debate roger, good having you >> have a great weekend. >> we'll see you, roger. keep your eyes on shares of oracle today price target 80 looking for accelerating growth in the cloud. i.t. spend nice gain given nasdaq is down 1.8% "squawk alley" is back in a moment

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"squawk alley" is right back stay with us

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>> after nearly a year, new york city is reopening movie theaters at reduced capacity. a move that many hope will further bolster the industry amid a pretty good recovery so far in asia. let's bring in imax ceo richard gelford. always great to see you. thanks for the time. >> thanks for having me on, krarm. i look forward to seeing you in person one day soon. >> hopefully in a movie theater. what do you think is a reasonable hope right now for theaters i guess, let's focus on new york city first >> well, i think theaters in general, carl, are likely to open in north america with real

product, more meaningful product around memorial day. "black widow" is scheduled for early may. that's still out there there was a significant development last night which is that paramount moved up "quiet place 3" into the memorial day slot so that's the first time that people have really advanced releases and that's a milestone. it's important that new york opened it has more importance just than one state because if you look at the global movie business, you really need an l.a. release and you need a new york release to establish sufficient buzz on a global basis that's where critics are that's where the press is. the talk shows the premieres. it's quite a big deal that new york opened. >> that's interesting.

the moving date up is something we haven't seen in a while i know we won't go back to the old world. do you think that emboldened some studios to make the window not shorter but maybe a little bit longer >> the windows is resolving itself in a good way i know that during the niheighto the pandemic people experimented with different things. if you look at as the reopening appears closer, you have the deal that universal, your parent company, reached with a lot of the exhibitors which was for blockbuster movies, windows more than 30 days, 30 to 45 days. i think it's likely that warner in '22 comes up with a fairly reasonable windowing scheme. disney publicly said it depends on the kind of release and they've constantly reinforced the fact that for blockbusters the kinds of movies that imax

does, it's going to be more along traditional lines. i don't think -- i think the windows were a reaction to a short-term solution rather than a permanent issue and especially for imax where our films play for one or two weeks and they're big blockbusters i don't see that as a material issue. >> hi, richard good morning to that note you said earlier this week at a tech conference that you think tech companies will accept limited windows and in exchange for the stature afforded by engagement how do you know that that stature is still there we just had the golden globes. ratings were dismal. does that suggest, perhaps, that it's sort of losing that appeal? >> deirdre, i think it's the opposite i think the reason the ratings were dismal down 60% is because people weren't interested in

streaming movies it's an award show that celebrates movies, and i think people when you're in your living room and you watch a two-hour television show, it's not a movie. there haven't been franchises built on streaming properties. the numbers at the box office that simultaneously came with streaming were down significantly. i think the golden globes point out just that the strategy didn't work. i think it worked for a pandemic i think -- i didn't answer carl's first question which is related. look at what's happened in asia and in china in particular chinese new year was up 33% from the record set in 2019 the best year in the history of china for movies and this year 33% better with 75% capacity limitations. japan just had its biggest movie

ever called "demon slayer. it was our biggest movie ever at imax and people want to get out of their homes i heard this narrative will they go out are the patterns changed the answer is they're going out. the patterns aren't changed. there's evidence from korea, taiwan, saudi arabia, this is just -- i know that a lot of people are rooting for disruption think the world will be different but there's no evidence to show that. in fact, if you look at what happened here in north america, almost every big movie held. >> richard, i bet it is going to be different but maybe not in the way that some of those cheering disruption are hoping for. tell me, though, what are the smartest but most risk taking theater owners and theater

chains doing during this time when interest rates are low, they can make a capital investment what kind of capital investment are they making that are going to be those cutting edge theater experiences that are going to welcome that crowd back to the theater when we do go back >> so unfortunately they were in a bad position because they had too much leverage coming in and they were in financial distress so they have used these good financial markets to raise capital to deal with their debt issues and their debt payments to keep them open and safe they haven't had the luxury to think about the future fortunately at imax, you know, the results were reported yesterday. we were cash flow positive we actually had $10 million with most of the world not in a regular place because of our business in asia what we've done is we've done things like we're investing in

direct to consumer strategy to hope we can market ourselves better coming out. we have some other new products, some we've talked about. one is imax enhanced, which improves tv images in the home for big screen tvs, for blockbuster movies and other things we'll talk about. so we had the luxury of doing that unfortunately a lot of people in the regular industry, not us, didn't have the ability to do that >> you've been nimble, rich. it's been fascinating to watch you at work for the past year. we've got move on this morning we are going to talk again soon i hope as we watch this picture evolve in north america. have a great weekend >> thanks, carl. i think it's all very encouraging. appreciate it. >> richard gelfond, imax. >> i can't wait to see a movie in an actual theater something i didn't think i would say a few months ago time now for a cnbc news update.

>> hello, everyone here's your cnbc news update senate democrats reportedly reached a deal to extend jobless benefits through september instead of ending on august 29th however, benefits would be reduced from 400 to $300 a week. formal debate on the covid relief bill was delayed after republican senator ron johnson forced a reading of the entire bill, which took 10 hours and 44 minutes and did not end until after 2:00 a.m. eastern this morning. in baghdad, pope francis meeting religious dignitaries and urging tolerance and fraternity among christians and muslims. this is the first papal visit ever to iraq at the international space station, two astronauts there are on a space walk hoping to install solar panels should be the last space walk for the station's current mi tdents whose missions are congo a close.

you're up to date. "squawk alley" will return after this 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. or pay down your sofi debt sooner. that's better together. and that's how sofi is helping millions get their money right. ♪ ♪ we see harnessing natural gas unleashing the promise of cleaner energy. at emerson, we advance the safety and efficiency of the lng industry to meet the world's need for reliable, affordable electricity. emerson. consider it solved.

apple and tesla not spared from the sell-off in tech. look at what happens over the last couple months down sharply on the year. to help explain the weakness in those names, tony joins us this morning. tony, good to see you again. welcome. >> thanks for having me, carl. >> you've got great note today on apple you ask whether it's about apple

underperformance and your general take is for those licking their chops at lower prices, not so fast. >> yes i mean, look, what we're seeing in the marketplace to some degree is what went up spectacularly is coming back down and apple appreciated 81% last year. it's multiple expanded 51% so earnings were good but really the majority of the gains were due to multiple expansion and the stock entering the year was trading at a five-year high for its multiple relative to the market you know, now we have an environment where rates are rising, investors are wondering what they should do. in apple's case, the valuation is elevated. many people were anticipating a strong cycle we've had that strong cycle. and the question is what's next? and given that the stock is

relatively still remains elevated in its valuation and there isn't an obvious near term catal catalyst, it's unclear whether the stock is a candidate to outperform in the near term. >> to the degree that the company can other than their way back into better graces as you point out, people have hopes about a revolutionary phone or vr i see some other reports today saying a car is really just too far out to put in the model. what would be next in terms of a driver for growth or earnings? >> well, i think there are a few things that could happen you never know when apple might come out with a surprise or revolutionary product. the ipad was -- no one suspected it it was truly a surprise offering so you never know what apple might come out with. i think more structurally if apple were to show that its gross margins which have been

pressured by stabilized and go up because of services, that could be positive for the stock. if the company was able to bring to market integrated products and services and make the company more subscription like, that might help. but for now, i think investors are saying great cycle stocks are relatively expensive and the company has benefited in its mac and ipad business from covid and so that business a year from now may also be challenged to grow at the same rate there really aren't the catalysts right now for the stock. i think that's a big driver for why you're seeing relative underperformance here. >> tony, i could push back on you and say the cycle for apple putting its own chips in macs has only begun they're going to see not only margin benefit from that but they'll see a lot of positive headlines around battery life

and things others can't match. in an environment with higher rates that still probably aren't going to be super high but higher rates, what kinds of stocks that you track are going to be more or less dangerous apple being the fortress balance sheet that it is, it seems like it will be okay with its plans no matter what happens outside of the walls >> i mean, i agree with that assessment that apple is a high quality fortress balance sheet type company i think the question for all investors is what do we pay for apple relative to other companies. microsoft is trading at a similar valuation. google is trading at a lower price forward earnings multiple. facebook trading at 21 times earnings apple trading at 28 times earnings i don't think it's really a question of doubt around apple as an attractive ongoing company. the question is what's the right

entry point. a year from now apple was trading lower than other names and there was a 5g cycle to look forward to that's largely played out and stock has done really, really well so what investors are always thinking about is what's the opportunity cost of owning this stock relative to other things and at this point my belief is many investors are saying great run. other stocks haven't had a strong run and i mentioned some trading at or lower multiples than apple and arguably have similar fortress balance sheets and better growth profiles >> speaking of less pricing in terms of valuation names, i can't help but look at legacy tech names like oracle, dell, cisco, they sat out the rally last year. this year they are outperforming many of last year's newer tech darlings should investors look at those

names and are they long-term bets >> well, certainly that has been occurring. we've had a spectacular run of growth where technology has outperformed for eight straight years and growth stocks in particular which is a big subsegment of technology stocks has massively outperformed last year we saw the biggest relative outperformance of growth stocks versus value stocks in the last 20 years. and so much like what went up has to come down, there was enormous underperformance in value across the market and particularly in technology so you have seen i.t. hardware stocks like dell do very well on a relative basis this year because the stocks looked pretty attractively valued on a relative basis they are not, you know, many of those stocks that i noted are

not secular growers. and so they tend to be much more trading stocks you buy them when they're inexpensive or when there might be a catalyst. we see a market rotation to those names. if you buy a stock at eight, nine, ten times earnings, the market is more comfortable doing that right now rather than buying a stock at 30, 40, 50 times earnings because of the rate environment and broader shift away from higher multiple stocks >> even as you say it, nasdaq down almost 2% on pace for the worst week in about a year toni, we always appreciate you coming on and talking more about it good to see you. >> thanks, carl. nice to see you. we'll take a break they're bringing kings of leon will join us later this hour stay with us turn on my tv and boom,

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i had the opportunity to speak with chairman and ceo of honeywell. we talked about the state of the economy, vaccine distribution and the demand for tech and transformation overall and got thoughts on the future of work from home. >> i don't think people are going to be purely digital and say we'll be a work from home

environment. i don't know of any company -- maybe i know one or two but not very many will say we'll purely go to a work from home environment and most companies see value in employees being together in building their networks and innovating together and debating points together because it isn't the same to communicate through cyber medium like we're doing today if that's true a lot of this solutions are going to be important. whether employees are back two days, three days, or four days, they're going to be back >> also software systems for managing visitors and employees entry and we talked about the road ahead for honeywell and how he sees the company evolving from the industrial giant it was into a tech company with some industrial focus >> the biggest transformation for us is we were already on that path.

we are becoming much more a technology company than an industrial company, or the way i like to put it is we're a technology company that provides solutions for the industrial segment. i think that's the single best way to describe us if anything, covid era accelerated that path and i'm so glad we were executing this strategic plan that we were. >> we talked about computing they had announcements around that during 2020 and m&a they did two sizable acquisitions and they adjust to this reality while they lean into software. >> whenever we talk work from home, i'll always remember what andy told you about meetings at work it's not about the actual meeting. it's about the discussions that happen when the meeting ends those side talks about ideas

that's where the real magic happens at least in innovation >> i think that's true i miss being at the desk with you. we can't chat after the toss to the half but that will come back >> it will it will eventually guys, check in on the chips this morning. it's a tough tape. goldman takes western digital to buy. price target 118 br br br broadcom did beat. don't go away.

got some news on the antitrust front. president biden naming tim wu to the national economic council. he did tweet earlier this morning he'll put his twitter account on hold but he's been outspoken. we'll see how personnel in this case becomes policy. >> outspoken but in a way that's been pretty straight up and down and hasn't led to a lot of controversy from him though we know where he stands look forward to seeing what he does there meanwhile, the empire is striking back. a new report out saying that

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as we told you yesterday, kings of leon is embracing the craze releasing the new album when you see yourself today in the form of a non-nft. they are also doing several other including front-row seats on tour for life. that auction for those tokens, as i mentioned opens at noon eastern. joining us is lincoln fallwell and casey mcgrath who we understand is the brainchild behind the idea. casey, let me start with you because i did read your artist statement where you said you've been amazed by the huge opportunities that the band has turned away over the years because it wasn't their vibe so why are nfts the vibe why are they right right now and how did you even come to this idea how was it brought to you? >> well, i mean, starting with the question why are they right

right now? is that i think a lot of the conversation is getting one big piece wrong and making this big leap into the future and that's sort of intimidating, but actually from the piece of the nft story that's about releasing music is more of a path and the appreciation for the music and listening to the music and the art and the old physical vinyl, listening to it and appreciating the old album and an album as important as this one can't be dropped into a world that's undervaluing music in the past ten years we've been trying to figure out how to value music and the return to that while it is a step into the future it's a portal to the past and appreciation and that's what rang true for us and for the band and made it feel right to be such a centerpiece of this launch >> right taking some of that power back you also mentioned that in the note

nathan, how do you explain this to your fans what an nft is and why they should own it well, we have been doing a lot of studying up ourselves because we truthfully didn't know much about this until casey and the guys brought it to us, but for us, it's exciting because in this day and age you want to stay on the forefront of creativity and be the first to do things and when they brought this to us it was very exciting to us in the sense that we didn't know anything about it, really, but their excitement level got us so excited and when we found out that, you know, how it is so interactive with the fans and gives them the opportunity for, like you said, for the front-row seats and stuff like that, what an amazing way for us to be able to connect with our fans and to also

introduce you into this world of crypto and give them the chance that most of these people, this will probably be first piece of crypto they've ever owned. so that in itself is pretty neat to kind of introduce musical generation to something more on this side of things. >> nathan, i've got to go into old man mode for a minute because i remember when i'd go to the store, go to tower records and i remember what the plastic on the tape case used to smell like and you'd pull it out and you'd look at the liner notes and there was this scarcity around the music then even if something was playing on the raid why you'd have to tape it off the radio you'd have to catch it at the right time is part of this a scarcity issue? is it a -- having a piece of something still in a world when everything is in the cloud, in the ether and sort of passing? >> yes, i think this definitely gives our fans a chance to have

something tangible, like you just mentioned the cds and casey had mentioned earlier, that excitement of taking the cd home or your record home and opening it and reading the liner notes and putting it for the first time and listening to it ten times in a row and that's gotten lost, i think, with everything digital and in the cloud and there's the disconnect between the art you are creating and wanting to give to your fans and what they are doing with it opinion the digital age has made records more of singles and them filler music around that and this was so unique in the sense that it gives our fans the chance to enjoy the whole album like our parents had with the led zeppelin vinyl 40 years ago. it's a wild frontier out there,

but it's good to be on the forefront of it. ♪ >> yeah. i think that's extremely cool, nathan casey, i wonder to nathan's point more broadly -- well, two questions. has the band always been trying to lead in terms of innovation and new distribution channels and more broadly, how does it change the band creatively, do you think? if, in fact, we're returning to a new album as a habit and that would be implications for the creative process, wouldn't it? >> the band was first and foremost trying to stay authentic to who they are and not innovating for innovation's sake when you're trying to cut through the noise in today's world it's easy to grab at a headline, so everything is rooted in authenticity their story is one of the best stories in music and nft is an enhanced way to tell a story and art work is the version of telling a story to enhance the listening experience this is an improvement in that so they absolutely wanted, you

know -- they come to me ask say hey, this other band did a cool thing and people were talking about what they did and we want to have a release of a record that's less about some of the, you know, less substance-fueled ambitions that are more like charting and awards and like did you see what they did? music needs help and ideas like that, come back with those ideas in task management us with that and that's what they wanted and this is that idea. that idea that represents their values, the return to music and rock 'n' roll, and one of the only, like, right now living, breathing rock 'n' roll bands that makes us feel like that music is still alive and well and the nft, it feels like it's a scary thing, but it's this warm fuzzy thing that gets us back to that love of music that's missing and value and value is ahuge part of the

conversation, as well and a real value not only financially and value in terms of the substance of what it is and the experience >> nathan, here on "squawk alley," we're talking a lot about innovation and the impact of covid and working from home tell us about work from home as a musician and percussionist during this time to see the creation of music is often in isolation, but there are those moments when you get to share it with a crowd what's it been like being in this period for the past year-ish and how do you think live performance is going to change as we come out of this? >> we were fortunate enough to wrote and record this record in 2019 so we did not have to deal with working the different avenues of getting this finished during the pandemic, but we were luck n lucky in that sense, but being home -- i've absolutely loved

it spending time with my family that i normally would not get to have with them in a band, you get in the cycle that you write the record, tour the record, a little bit of time off and you do it all over again and so for us to have to stop after the recording and just take a break i embraced it. i don't know if i'm on camera, but you can see my drums in the background and giving my kids drum lessons making most of this time, loving it >> we do see your drums and that's great to hear, nathan casey, last question to you. i wonder if you've been approached by other bands interested in the opportunity and issuing their own albums as nfts >> the value of today's release is about a historic moment and it does add value and we're letting people enter this for the first time and invest. it's as simple as that you get a real vinyl all of the money is going to

chai charity. i'm sure the phone is ringing and i'm ignoring it for the moment getting this right is so important because we believe that this is correcting something in the business that is wrong, and if we make this mistake then the whole point of paving the way for artists to come will be lost. so we want to get this right and then i'll go pick up the phone and hopefully this will be the new way forward, and i believe it will be >> and i'm sure both of you are watching this countdown clock as i am on the auction site 55 seconds to go we'll see if this experiment plays out in real time nathan and casey, i want to thank you very much for being here today good luck. >> thank you so much for having us >> john? >> yeah. i mean, i'm taking a look as we head to noon specifically at oracle that stock up quite a bit this morning on an upgrade at barclays you can see it's up 8%, carl >> yeah. a lot of things are not faring

well costco, john, was a miss comp's up 13, but a lot of price target cuts this morning and it's just had a very difficult time in the month of february. you can see it's closer to 300 after topping out at 390 the nasdaq's on pace for the worst week in about a year have a good weekend. let's get to the half. brutal week indeed welcome to "the halftime report." i'm scott wapner front and center, the state of stocks the brutal week carl was talking about, the third bad one in a row for the nasdaq and the nasdaq 100 you know it by now, many big names battered, but are there too many bargains now to ignore? that's the big question for our investment committee joining me, steve weiss, jon najarian, gilman hill asset management and degas wright from decatur capital. let's check the markets and i'll take you to the wall here we go again th