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happy tuesday. welcome to "squawk alley." ahead this hour, well, dropbox ceo and co-founder drew houston is going to join us. also, why cyber attacks might be the next global crisis and so far ceo of sofi anthony noto with a charter we will start with a rebound for tech as rotation maybe comes to a close. mike santoli, tell us why. >> rotation out of tech, out of growth out of really reliable earnings growth that's what it's been. at least it got stretched too thin it's not so much growth versus value. is it reliability or leverage to the economic cycle we have right now. look at the high data etf, a good proxy for leverage to economic growth relative to the nasdaq 100 when you see liftoff, that's

basically the georgia elections, the market saying we have a bigger fiscal growth also look at the implied profit growth of tech versus the overall s&p 500 this year. last year, tech was a beneficiary because growth was scarce the market had to pay up for wherever there was possible earnings growth. this year, if you look at the projected eps growth, it's about 18%. that's great in a normal year. guess what, the overall s&p 500 is on track. earnings per share growth this year alone, so tech does not look particularly special in this context and still has a slightly higher valuation than the s&p 500 as a whole so those dynamics i think are working together yes, yields were a catalyst and trigger to get them to turnover, to some degree it reflects excitement about economic acceleration. one final point is, that premium

of the tech valuation over the s&p is at the lower end of the three-year average the nasdaq relative to s&p is actually looking far less expensive than it did several months ago, guys >> mike, interesting here. i have been talking to some analysts today the fact that alphabet, facebook, twitter, those stocks are all up. what they're saying is there has been a fundamental shift towards some of these tech companies how much of this valuation question is really going to be about the long-term potential for these tech companies to maintain their advantage that they've really solidified during the pandemic >> yeah. i think those companies that you mentioned absolutely are in position to prove, probably, that they are riding long-term trends, it wasn't just a pull-forward activity. amazon might be the one that has the most to hurdle in terms ofer suedeing people of that those stocks got at least taken down to some degree, certainly in

valuation. but what really got purged were some of the zero tech kind of pre revenue stuff that was valued highly because the momentum was so strong those broke stride and took some of the probable tech down with it >> mike, you know, morgan stand stanley's general point, one year their year-end targets 3900 meaning, we don't have much upside from here in their view, it says we lacked the anniversary of covid, 12-month momentum will seek out names like energy and banks at the expense of tech. that's going to leave at least the nasdaq 100 lower is that misguided? >> i don't know it's misguided i do think the market has perhaps almost reached that point already as far as front rung trade is going to go. we are going to get to a point in the next couple of weeks, the year over year returns for the s&p and leading sectors will look ridiculously high, unless

we have a crash. so there will be a lot of churn. the math is tough when money is coming out of the biggest market cap sectors going into the relative minority of the s&p 500 that can give you that economic leverage i don't know how it works out from here. i really do think these areas can play well together at some point. also, we are only six months away from the conversation turning to, you know what, those industrials and energy stocks and financials had a great rebound in earnings this year, but the comparisons will be tough for 2022 guess what will look better is secular growth stock so nothing ever works for all that long before it gets priced in >> mike, underlying all of this is kind of what else will you do with your money, right maybe the ten-year speaks to that, but is there any other answer to that other than the reaction that we see to the ten-year >> not a lot i mean, i do still think that, you know, the premise is people feel like we're in an early part of the cycle, in which case, do

you really want to get super negative on stocks as a whole. it doesn't tend to make shens when have you this type -- make sense when have you this type of economic growth and the fed fought getting into the way of it i think we got junk bond up from 3 or 4% weeks ago. investment grade back up over 2% it doesn't necessarily seem to present juicy options. although, dividend growth stocks, probably nobody is talking about. why would you? that's one area that you might start to see become a theme later in the year if yields stabilize. >> fast innings stuff, mike. we see nasdaq trading up over 3% now, let's turn to cyber, in what some are calling the next global pandemic, following the microsoft hack contessa brewer joins us with an explanation. >> hi there, yes, the microsoft hack left individual i.t.s

vulnerable insurers, though, are ringing the alarm bell this could be just the tip of the iceberg. >> i have said for a number of quarters that the next pandemic, the exposure that looks like a virus is cyber-related because it has no geographic or time bound to it and we've seen a number of events over the repeat years that give a glimmer of that. >> aig says cyber attacks, especially ransomware, a type of attack which demands money from the victims is growing exponentially. it's seen cyber claims by 150% since 2018 and expects the price tag for damages to reach $20 billion this year. in fact, the insurer sent out a resiliency plan saying that the estimate for costs of all kind of cyber crime will hit 10.5

trillion dollars by 2025 aig's global head of psycher insurance tells me ransomware has increased in frequency and severity the attackers are asking for tense of millions of dollars in some cases not only locking up the networks but stealing the information before they do that. school districts, local government, small businesses are all getting hit. >> about half of our clients in the united states now buy a stand-alone cyber insurance product and roughly 15-to-25% of our clients outside of the united states now, now decide to buy cyber insurance. but we expect the market to double over the course of the next three or four years >> the costs for cyber insurance coverage, though, arriving rapidly, the global market says rates went up 17% in the fourth quarter, 29% in january. guys, get this they anticipate for 2021, those rates could rise

as much as 50% higher. >> yeah, wow, contess sarks i get it security is so important it seems a little too soon to compare cyber to the pandemic, since we're still in it, thousands, hundreds of thousands of people dying. but i wonder on the money side of this, how much has the financial impact of these cyber attacks expanded with the rise of ransomware? was there a sense of that in the talk about the viral nature of this >> yeah, because the thing is, you can have one event right. you can have one hack that affects a lot of covered policies for a lot of different businesses so as i said, one microsoft vulnerability affecting 130,000 individual ip addresses, 20 or 30,000 individual organizations or agencies.

and you don't see that in other kind of covered events the other thing that the insurers are pointing out is, like the poirks and the failure to plan ahead for how much economic damage could be caused by something that happens globally, the same kind of planning for resiliency needs to go in planning for cyber attacks, because they're getting noerm sophisticated. it's super cheap and easy for someone not that fist indicated to carry out, especially when it comes to ransomware, efficiencies and that kind of thing. okay so if you look at this what are the lessons we learn from coronavirus? it's that this is an uninsurable risk the insurers have been ringing this bell. the economic damage is simply too big, too global to even properly price for insurance on this kind of thing there needs to be a public private partnership the way with flood insurance. they are offering the same thing that the government insurers need to come together and plan

out some ri resiliency now they are arguing the same thing about cyber crime and cyber attack that if the government would get out in front of it, you could mitigate the fallout from the damage if there were to be a global attack that takes down the system >> yeah, contessa, it's interesting, we now know what a global pandemic looks like we don't know what a cyber pandemic looks like i understand ransomware has these costs protect against these cyber attacks. i wonder from a consumer perspective, does it mean they will have a worst case scenario attack or certain sectors or websites will be entirely shut down what do you see as the worst case scenario? >> i have been reading about this, it could be life and death. if you think about it, people with diabetes may depend on

medications that have to be refrigerated if you are taking out the power grid, logistical possibilities, computers that operate logistics for getting supplies to where they need to go, people's lives could depend on it, depending on how long it lasts, you would see the damages, both economic and for in real life and personal consequences growing as well so, you know, what could happen is we're not there yet, john's right. could it happen, yes do we need more planning for sure carl >> some of those stats clearly remarkable in terms of the interests, though, contessa, thank you. watching the cyber risc. we got a nice little pop in boeing let's go to phil lebeau. >> this started ten minutes ago, when the news broke, we treated out at that time this is the first monthly gain positive numbers in terms of monthly commercial airplane orders for boeing since november

of 2019. we are talking the february numbers, positive 31 planes for the month of fevenlt really, if you want to see the change that has happened at boeing, particularly the last several months, it's all about the 737 max. they ordered several and cancellation, just 32 cancellations. so there is where you see it's starting to turn for boeing with the max and the orders starting to come in there february deliveries most 737 maxes. most significant for boeing, they are starting to turn that backlog around it got close to dropping 4,000 planes it has jumped up not a lot. up to 4041 planes, that's why shares at boeing up 41% today. john, back to you. >> thank you. dropbox co-founder and ceo drew houston is next don't go anywhere.

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. dropbox announcing its acquisition of document-sharing company this morning in a $165 million all cash deal expected to close this quarter. ed the deidre dre joins us >> good morning, drew, thanks for being with us. >> it's great to be here >> so talk a little about the deal how discuss dak sun enhance the

experience, importantly for investors, how does it help paying viewers >> docsend helps to manage documents backed by analytics, giving customers more control and visibility around we see it as helping us acquire paying users because given our scale and route reach, it's half a million paying businesses combined with docsend's sharing and documents analytics capabilities we see this as a great fit >> right and it's been about two years since you guys acquired hello sign last quarter you said it was the fastest growing product in the company. but it seems investors two years on haven't really appreciated the deal dropbox last year sat out this rally that other cloud and work darlings saw a triple digit

return you didn't see that. what are investors missing do you need to break out these numbers from hello sign? >> well, we are really happy with hello sign. we think they have been a great addition to the team, their business is doing well as you mentioned, it's our fastest-growing product within the company. they've helped a lot of commerce as they tried to get esignature in the pandemic and shift to work we think it's a valuable asset we think docsend fits in well. with dovsend and hello sign will give our customers more control over how they manage that content. >> hey, drew, good morning, what have you learned during the pandemic about the enterprise's hunger for cloud services? we've seen so much focus on cloud data and how it's

warehoused how it needs to be searched and analyzed but on that sort of closer to the user end, what are you seeing >> i think everybody needs or there has been a huge shift in the world. so we are all working from home. that's something none of us could have envisioned a couple years ago and we need the tools to do it so our customers returning to dropbox and hello sign and a lot of other tools to help manage that, to be able to make it possible to work from anywhere, to migrate off of their servers and their offices and things like that. so it's probably a big surge in demand and a big huge opportunity. >> you think there will be, drew, a re-education for the street at least in trying to help them understand not just vis-a-vis dropbox. but in general, remote working tools and how they will be used in the future.

even once you go back to the office no some degree, how much of an education process do you think investors will need to go through? >> well, i think this shift to distribute will last well beyond when the pandemic ends and our customers will continue to need tools and mutuals to make that experience as good as possible so we see a bright future. we think, it's the best time in history to be building and selling collaboration software for redistributed teams. and we're proud of the business we've built. we crossed $2 billion in arr last quarter it's a milestone we've asked customers to achieve so we see a lot of really important problems for our investors. >> i think it's interesting that this news and your expansion comes on the heels of the news that you are selling your headquarters in san francisco for over a billion dollars in your record sale as you who, towards this virtual

work force you have talked so much about in the past couple of months, what do you think the biggest challenges will be for you and the company as you utilize your own tools but also try to make sure that your employees can have the kind of creativity and practice instorming that itself so necessary in the future from the work from home environment >> yeah. well, first, ed is our landlord who owned the building and transferred it to another. but it won't be much of a change for us as we mentioned, we switched to a new way of working it's called virtual first. what we're trying to do is get the best of both world, the in-person experience, to build reasons and teams and culture but there is a lot of benefits to work remotely, the ability to focus and the flexible of not having to commute, things like

that we are shifting this new role as we return back to the office, hopefully sometime soon. we will continue to integrate on that model but we're really excited about it >> a question about cyber risc this is something you were talk with a microsoft hack. we have been talking solar wind over the past couple months. curious how you think the cyber effect for your employees and the product, it seems like this is an area of increased concern for many companies >> for sure. certainly, something every company should be paying attention to we watched this last one closely as you'd imagine. we were infected by some of these reported hacks, but more broadly trust and security is our number one priority and this is anarea we care so deeply in to make sure our customer's content is safe and millions of customers have successfully turned to dropbox to protect their most important asset

>> derek, again, you can talk a little about what you are seeing in the competitive environment when we talk about your share price and sitting out lots, your rally from some of the other darlings saw, one of the concern is they follow dropbox is this idea of competition from big tech microsoft on the energyize side, google and apple on the consumer side have competition heated up have supplies become bigger? how are you viewing it >> i think the competitive environment has been pretty consistent for us. we have always operated in a competitive environment so this is nothing new to us and examiners turn to dropbox because it's easy to use, because it's cross platform and there are a number of other advantages what we have also been trying to do is expand beyond what the suites offer, acquisitions like hellosign or docsend, what we do further expands if different

areas than the suites cover. so, we're really proud of the progress we have been making we haven't seen major hanges >> okay. last question, drew. i was going to ask you directly do you think dropbox is valuing, you turned revenue 15%, recurring annual revenue over $2 billion. last quarter the valuation are trailing some of your competitors? >> sure. we saw the stock price i think it's important not to be obsessed with it what i tell my team is, look there has never been a better time in history to build a better software. if you take care of your customers, the stock price will take care of itself. >> fair enough drew, thank you so much for coming on. i hope to talk to you again soon >> thanks for having me. >> keep your eye on work day

today as well. j.p. morgan adds it to the focus list says at 9.8 times calendar, relatively insulateed from the current meltdown they say in some software high flyers target on the name at year end 260. we're back in a minute we board. oh yeah, we gotta take off. you downloaded the td ameritrade mobile app so you can quickly check the markets? yeah, actually i'm taking one last look at my dashboard before we board. excellent. and you have thinkorswim mobile- -so i can finish analyzing the risk on this position. you two are all set. have a great flight. thanks. we'll see ya. ah, they're getting so smart. choose the app that fits your investing style. ♪♪

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welcome back here is your cdc covid-19 upbrate at this hour the house of representatives will take up the relief bill tomorrow sten my hoyer expects they will vote on a plan shortly after convening at 9:00 a.m. two big auto recalls, nissan says brake lights may fail to light up on center exacts. cars could stop starting and kia sedans want them to park outside because of risk of

engine fire. the recall affects some vehicles from the 2017 through 2021 model years. and the dallas cowboys sizing up their chances for the next super bowl after signing a four-year $60 million contract with dak prescott. a record $126 million is set to be guaranteed that includes a $66 million signing bonus. we are up to date for this hour, "squawk" ali continues in just a moment

tech is bouncing here and holding pretty well. a lot of names coming out of corrections territory. for that, we will turn to dom chu. >> hey, carl, a lot of the big cap tech names have been on the chopping list for a while. people are looking for a pullback, the broader 8% pullback on the nasdaq composite from the record-high levels we saw from a few weeks back. it's now down to about 8%, again reaching that so-called territory reaching down 1% today. we decided to take a look at the nasdaq 100, the biggest stocks in the nasdaq composite and look for the ones that had the recent falls from the recent grace, if you will, the record highs, maybe 52-week highs. our screen looked at the nasdaq 100 and market cap stocks. of those, there is 27 out of that 100 in that 10% pullbacks or greater from the convenrecent 52-week hs

take a look at these ones, it's tesla, first of all, you see tesla shares, they were down about 29/30% from their recent highs. paypal stocks from these levels down roughly 17. all right. now they're playing catch up tesla is down 30%. now you can see paypal is down 16-to-22% or so then have you overall will end with shares of apple, probably the most important one out there, john, with regard to the overall picture. apple shares, obviously the biggest waiting by far in the nasdaq 100 and s&p, apple shares now down roughly 17% from their highs we've seen so far. so again, bigger pullbacks in the nasdaq 100 by the way, tesla, paypal and apple stock makes up about 17% of the overall nasdaq 100. that goes to show you how important they are, john take a look at those names, by the way, if you are looking for all 16 of them

i put them on twitter, check out my handle at the domino. you will see all 16 stocks and the rankings, john i'll send things over to you. >> dom, you are too fast for the charts. >> the charts are too fast for me at one point. all right, sofi announcing it will acquire golden pacific in the firm's effort to acquire a national bank charter. on thoin,good morning, so the big news, you got a credit card, you are buying a bank. you will be able take deposits, make loans on those, if that charter goes through it seems a part of this new challenge of bank, neobank movement a lot of focus on chime out there. what unique mechanics is sofi going to be able to offer here >> well, thank you for having me, john the national bank charter is an important element to allow us to differentiating sofi money and lower our cost of loans, which will allow us to make more loans

at more people at lower interest rates. in addition to that, we will be able to offer an interest rate on sofi money incredibly competitive. we want to offer one of the highest interest rates in the marketplace and be able to do that across any type of account you have your money in, with no restrictions as long as you do direct deposit, you will get a high interest rate. when you want to pay by phone or debit card or do electronic bill pay. we'll deposit cash our goal is to give you the best of savings in one account in sofi money getting a national bank charter will allow us to do that, lowering our costs of loans that increase the amount of interest we can provide on deposits, we think not to mention service more people more broadly, grow the company faster and allow it to be more profitable. >> so the highest interest rate out there isn't what it used to be it seems like a long time ago,

2, 3%, people thought, well, that would be great. now in the most competitive, you are getting tiny fraction of that it seems a lot of thin tech players are turning to bitcoin are turning to stock trading as a way to attract the consumer audience is that an important component of this? are high rates on savings accounts enough? >> i think there are different ways to serve our members well when we first launched with a high interest rate we had a partnership that allowed us to offer 2.25% interest because we are not a bank, we have to provide us a partnership that sets that interest rate for us so now our interest rate is very low. because the federal funds rate dropped to essentially zero. when we have a bank charter, we will be able to determine what interest rate that when want to provide and not be dependent on anyone else. we have the capital and financial model. we're a digital company to

provide more of an attractive interest rate. getting them the bank charter will make it a lot more appealing. it will have a high interest rate, early availability of a paycheck it will have overdraft protection in addition to doing everything you want to do on your phone, pay a friend, pay a bill pay at retail or pay with a debit card in addition to sofi money, we offer sofi invest, which is another way to get your money right. it's the only place you can buy stocks without paying commission, fractional shares. etfs, in fact, five of sofi brands and low advisory funds we've created. so we're trying to give you the best of both worlds as relates to saving, building your portfolio across both of those products as we now mentioned, we have a sofi credit card, which is a unique way and we double the rewards when you redeem into sofi money or redeem into sofi

invest for fractional shares when you apply those rewards to an outstanding loan have you with us. so we are really a one-stop shop that has shown the world how our products are better when you use them together. >> anthony, these methods that are out there, you know, robinhood has been accused, painted as gamefying retail trading and you guys seem to have taken a different tact. really robo--investing a little different take on the discipline over time of putting your money into the market what is sofi's approach and philosophy towards how it structures that customer engagement with the market >> sure. we wanted to be a one-stop shop for all financial service products and that includes even with investing all for the asset classes can be bought on our platform but we have a responsibility to

diversify portfolios of the long term one of the reasons we saw investors buying stocks in an undiversified way and having high concentration from of their investments. we can allow someone to spend 100 across ten different stocks so they are focused on a diversified portfolio in the long term. the reason we have no loads and a diversified portfolio of 500 shares, 500 different stocks was to give them a low price point to enter into a diversified portfolio so we want to offer products best suited for our members and educate them along the way on some really sound fundamental investment principles diversified portfolio focus on the long-term and making sure you have a balance risk reward relative to goals. they can do that through robo-accounts and individual stocks and through etfs. >> does that, is that dog on your end, anthony, or ours

i'm guessing it's yours. >> he is super excited about sofi and us trying to serve our members. >> i love it to follow on john's question, though, senate banking is having hearings today about market volitive we've all been through the game gamestop saga. there has been fierce regulators i guess, are you thinking ability the degree to which the industry comes under further fire, whether that's deserved or not on the sofi side >> we have a responsibility to make sure that we're operating our business in a fishery sound way in line with all the regulatory requirements, making sure we are at the center of the playing field so to speak as the range on regulatory matters. our goal is to make sure we are always at the center of that field and putting our members interest first and in a risk-adjusted way and sound approach to fraud as well as

regulatory requirements to make sure we are building trust with our members. we take the responsible very seriously. we prevent day trading from happening on our platform, which is a regulatory requirement, in messaging, halting, freezing accounts, if someone is acting that way as an example of the types of things we are doing we obviously are regulated by a number of entities, on all 50 states we are regulated on our mortgage business and with the sec with our cash medical business. so we've operated in the world over the last three years over several regulatory regimes we want to make sure we're a gold standard in meeting those requirements and even more so not just in the letter of the law, but even in the spirit of it >> curious, anthony, once you complete this deal, whether you think you will need to make other acquisitions to continued to build out the services that you offer your commerce or is this one, this deal, that, of course, advances your move towards that bank charter is

going to be the last one for a while? >> this was a very small deal, $22 million of cash. it's very strategic. it will help accelerate our path of applying for and hopefully getting approved for a national bank chart tore accelerate our business plan. we estimate we can save $100 million to $300 million in funding costs. once we have a national bank charter. it can use our deposits to help fund our loans that will be given back on lower interest rates on loans, it will allow us to provide more loans, in addition to attracted features and sofi credit card which we mentioned in terms of the acquisition fund, we're focused on building our business organically we made a lot of moves in 2020 with the purchase of a technology platform galileo, which we think will enable us to build out the thin tech and we will invest in hong kong

we are excited about what we seen in asia already and this helps the portfolio things to execute on strategy. there could be things that come up down the road siting where we are today, we feel we are in a strategic position and building the business and execute it. >> anthony, i have to ask you, s sofi, he has watched his tweets and comments and having a real impact on the trade of those spacs. what is it like to be in the universe of the chimaesque >> sofi and they have been great partners we chose social capital ahead of that because we thought they brought something tragic to the table for sofi there are things we will deal over the time in addition to

leveraging their growth in technology teams not to mention that but they also put a significant amount of their capital in the deal of contributing about $275 million into our pipe investment so they've brought great strategic value to us as well as their own capital in putting their money where their mouth is so to speak. so it's been a great relationship we are happy we made the choice. we look forward to closing the deal and getting on our way with executing some of the strategic partnerships we talked about >> a lot of deals and money involved, both on the investor's side and with this hopeful banking charter on your end. the consumer side as welling, anthony. >> thank you >> thank you, we really appreciate the time. we're watching portfolio shares this morning, jefferies initiates coverage calling it a buy. they have high margin revenue streams and scale behind the profitability. the price target there $415.

there is a lot more "squawk alley" still ahead stay with us

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bike shop please hold. bike sales are booming. you need to hire. i need indeed. indeed you do. the moment you sponsor a job on indeed you get a shortlist of quality candidates from our resume database. claim your $75 credit when you post your first job at indeed.com/bike. the top real estate sector in 2020, diana olick is in northern virginia to explain. >> reporter: hey, carl, we are coming to you from an align data center in ashburn, virginia, which increases to more than a billion dollars due to high demand they want to do, of course, more

expansion, northern virginia is the largest data center market in the world and is in the midst of a massive construction boom accounting for more than 60% of the current pipeline the u.s. in this area is now data center central as the different companies build in their clusters in order to share information closely, data centers were the highest performing reit sector last year, ending up 21%, major names include court side realty, cyrus one, qtf realty trust. demand fell back 11% last year due to about the second best year on record as companies froze their i.t. budgets due to covid and that's according to cbre but data usage grew also due to covid and everything that went online and also self driving cars as the economic recovery opens up this year

this could be very big. >> we know there is 500 megawatts of new build coming online, almost 70% is pre-leased we do believe 2021 might be the record year. we'll accelerate thereafter. not only in markets heavily concentrated like northern virginia but spreading into the smaller markets, for resiliency, cheaper power. >> now, there is one risk to the sector, of course, rising interest rates because these growth companies are so dependent upon the cost of capital and that's why you've seen some volatility in all the tech stocks, including these data centers. back to you, guys. >> anna, great perspective there. i wonder if there is another risk, which is the cost of power. you know, you are there in virginia, power in virginia is very affordable, relatively speaking i believe it's one of the cheapest states. there is a lot of natural gas there and i believe nuclear. is that a part of why data centers are locating there as

well >> absolutely. it's actually why they're clustering together. when you get off the interstate here, you can see more than a sudden data centers the reason they all cluster together is because of that energy usage what you are looking at here, of course, is the cooling system. that also brings the energy costs down so definitely a reason why they're here in northern virginia and also spreading to further out market, out west, outside of major cities because they're looking for that lower cost energy that they need and they also want very much to go a bit greener. so that's all part of it. >> i know that hydroelectric in washington state is big, as well diana, thank you now keep your eye on stitch fix this morning deutsch downgrades the stock after a miss on the top line, lowered guidance and that's due in part to concerns over slower growth in revenue per client that stock right now is down 28%. price target there at deutche is $54. you can see it theret a49 so

far today. we're back after this quick break.

>> today we're unveiling the results of our cnbc survey monkey women at work survey, a look at the state of women in the workforce one year into the pandemic and there are some warning signs for employers and potential red flags for economic growth 65% of women say the pandemic has made things worse for women in the workplace and over the

past year almost a quarter of working women say they've experienced a career setback 37% say they have considered quitting now there are a range of reasons why women are thinking about leaving their jobs the leading one is stress followed by concerns about work/life balance, the desire to find a job that advances a career and for more than a fifth of women who have thought about quitting concerns that they'll get their families sick with covid-19 more than half of working women say they experience burnout, at least some of the time breaking down the burnout results, women with children under age 18 say it is a particular difficulty balancing work and family obligation, the worries about finances and overload are the other reasons cited for that burdenout the pandemic has had a disproportionate impact on women and in january women's participation in the workforce hit a 33-year low. over the past year more than 2.3 million women left the labor force compared to roughly

1.8 million men and that's according to the national women's law center analysis of the latest jobs report find out more of our exclusive survey online at cnbc.com/make it and we'll have more on cnbc mackenzie and others say if men and women equally participated in the economy that would be boosted by trillions of dollars. >> it's fascinating the stats. that exodus from the labor force largely due to the female component is one reason why if you look at unemployment in general it's a lot higher than we're getting on the official prints every jobs friday >> yeah. absolutely those numbers can be a bit misleading there's this whole concept of a she-ces on, carl they're looking for those job

again. >> that's a great run of statistics and i look forward to more, julia. >> by the way, a reminder all this week, guys. tune in at 6:00 p.m. eastern for "on the edge." it's hot take, sharp opinions all from the biggest players in the business world "the edge" -- "on the edge," 6:00 p.m. eastern time we're back in a moment for skin that never holds you back don't settle for silver #1 for diabetic dry skin* #1 for psoriasis symptom relief* and #1 for eczema symptom relief* gold bond champion your skin 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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we have a response from zillow on the antitrust, we are aware of the lawsuit and intend to vigorously defend ourselves against it zillow is intending to give the most up-to-date housing information on the most listings as possible on the platform. remember, this is a case brought today by the online real estate company rex. they're suing zillow and the national association of realtors alleging cartel-like behavior because of the way zillow lists agent-backed listings on its

website. it sounds like the beginning potentially of a long, legal battle, john, back over to you. >> eamon javers having brought us the initial news about that lawsuit a few moments ago. guy, the rebound remains intact and the nasdaq up 3.4% and if it gets above 3.the%, you have to go back to april let's get to the judge. we're about to see aing about reversal and are in the midst of that now. joining me for the hour, stephanie link, josh brown, pete najarian and sarat sattee. remember the dow hit a new intraday high. here's where we'll start josh brown, is this the beginning of a big tech bounceback