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happy thursday welcome to "squawk alley." i'm jon fortt with carl quintanilla and deirdre bosa this hour oracle-collapse. do they have clouded vision or are more gains ahead we discuss and then -- >> i think there's a couple different ways, analogies i like to use one of them is the mona lisa anybody can sort of take a picture of the mona lease is a but that doesn't mean you own the mona lisa. another one that i like to use is mp3s. can you have a copy of michael jackson's "thriller" but nobody is going to think -- you're not going to convince people you own the master recordings of "thriller. ". >> mona lisa isn't the only one with a sly smile today if you thought that comparison was a stretch, beeple sold for $60 million. and later the first ever joint company to be labelled a

unicorn. we're going to begin with kupong set to go public the valuation is rich, up 6x from a couple years ago. whether we're talking about roblox stock or this, the question for me is how far in the future do investors have to look to justify these valuations >> it's a very question and, jon, we've been wondering if that meme stock trade was peteering out. i think with the last few days between everything you've just highlighted roblox's ipo, beeple's sale is that it's still very much here how far do you have to look? i'm not sure pricing above its range, roblox debuting above its ipo price and the parade the last few months, some of the most anticipated names have delivered in terms of their valuations far above expectations and they're

new bets on ways of living or working or holding art or music in the case of nfts. to jon's question, carl, how far ahead do you have to look? i don't think anyone knows and that's why we're seeing this sentiment in the markets whether they're ipos or direct listings this is just the last few months, it's staggering and the biggest one yet today. >> you have stories in tech and innovation disruption. jon, you can't ignore the amount of money the runway and the world has with better vaccination rates, the s&p is on the cusp of setting its first interday high. that would be around $39.50.

>> will the music stop how many chairs will be left >> i know. that's the big question. let's get to it in the context of ipos. our next guest in coupang could lead to a $17 billion return even better than doordash. with us is the soft bank investment advisement partner that led the investment. lydia, good morning. thank you for being with us. >> it's great to be here >> now when you led that big round in 2018, coupang was only getting started on its massive delivery network which was really key to its long-term success, why it's pricing where it is today. the vision fund strategy of going big, $2 billion more than the total that coupang had ever pays raise d in its history, ho

did that change the dynamics in korea? >> i was blown away by the level of customer understanding and the innovation that was taking place. we can talk about some of that it was clear to me this company was doing something radically different and you could see it in the numbers of the company. we were able to see because softbank's long-term opportunity here if we partnered and provided capital to this entrepreneur our understanding this was capital intensive and would take a long time to develop when we do, man this is hard to replicate. we wanted to be here for this story. >> i wonder if that model holds going forward because i know you and i have talked about comparing coupang to the, quote/unquote, amazons of koreas it's grown into more than that one thing it doesn't have that amazon does, and i think this is

key, is a cloud business amazon's cloud business is really the profit engine and helps pay for more ambitious products coupang still depends on external money and capital markets. will there be this high-margin profit margin for coupang that will keep it growing when competition is increasing from some of the big korean conglomerates? >> i love the fact you pointed out how difficult the u.s. is from korea i think to understand korea and the retail landscape you need to understand the retail consumer in korea doesn't have big box retail -- it doesn't have walmart or target, home depot, petsmart 11 times more retail landscape and much more advantage than the pricing perspective. coupang sees the need and is stepping into the hole i think when we talk about coupang, it is amazon but it is amazon with a u.p.s. attached to it with doordash, instacart, a

little dash of netflix all integrated on this technology platform with these concentric circles. the customers see and feel that. you can see that in the numbers of the company that experience as described on your show earlier today is being able to place an order at midnight, waking up at 6:00 a.m., having that order receive outside your door, have returns outside your door pick up and immediately credited back to your form of payment this is extreme from a customer centric standpoint the margin profiles are right as well >> lydia, when we look at coupang, i have to wonder is it an investor investing in south korean and korean innovation or investing in the korean e-commerce economy which is different, right so much of what we've seen has been international in scope and

in impact whether we're talking about music, movies, entertainment, technology, et cetera but for that $60 billion market cap it seems like they need to have global impact not just local korean impact, right >> it's a really interesting point. this ipo is tremendous validation of the work coupang has done over the last decade. this is a clear statement. it smashes away any concerns that korea is too small from a consumer market or the innovation isn't great enough. i think this is strong that korea is a nation we need to pay attention to as investors. am i concerned about this market being deep enough? i'm not. coupang has captured the smallest sliver of it. there is a lot of innovation of softbank we are so excited about korea, the depth of the market.

i think the reason many miss the company they didn't understand the depth of this market it's big and i am so excited to see what coupang has done to open up visibility >> i'm a big fan of korea but i still have questions about the depth of that particular market because it is so unique. it is so urban, so different when it comes to delivery density. are you saying they don't have to go outside korea, you think, to justify this? >> i am sitting in sun valley, idaho, it takes me four days from amazon. that is not the case for people who sit in every reach of korea. so, yes, seoul is big and dense and urban. korea itself has far reaches and coupang offers the same service across korea this is a petri dish. that's where we'll focus for now. >> i think that's interesting,

lydia. i wonder how you're thinking about e-commerce rivalries internationally. i wonder if you think about the degree to which countries engage in some kind of national itch trying to champion their own e-commerce giants at the expense of others. >> i've been so lucky at softbank and lead e-commerce investments and have been involved with flip cart and indonesia and really watching this e-commerce ecosystem. i think all of these countries and these governments will evolve very differently in terms of how they handle foreign inve investment the localized innovation we're seeing and i'm publishing a piece to talk about innovation around the world, the idea innovation is coming from the u.s. and e-commerce i think is wrong. >> lydia, more broadly on

softbank the strategy of betting very big has had mixed results i know recently we've seen some very positive results with coupang. i mentioned doordash and a few other recent ipos, also. we have to go back to we work in more recently losses what has masa son said to you about this particular investment on the eve of its ipo and does he want to continue to do these outsized bets, lead to more spacs, more investments? at one point he was pretty down on startups and said they weren't in the business anymore of bailing out their uniform portfolio companies. >> as you know every venture firm constricts a portfolio. we've done that here and tried to make our largest bets like coupang. we have deep, deep conviction in the long-term view of the company. i think masa is a man with tremendous conviction and vision i don't see him backing away

we're only 4 years old as a fund, have had over a dozen ipos, some of the biggest in the world. there's a lot of momentum and i'm excited to have gotten to sit here and work with masa and understand this conviction and balance sheet can mean to companies like coupang as we're seeing today >> and lastly, lydia, we have to note that the coupang ipo represents one of the largest venture returns ever by a woman. i know that you've been passionate on the topic of did i remembersty in venture capital how do you make sure that continues and more progress is made within the startup ecosystem that more money is put into women led or diversity led founders at startups >> next year marks the 20-year anniversary of being in this field for me i'm acutely aware how important the visibility of women in senior positions is to people coming up the ranks.

there haven't been a lot of senior women for me to look at in my career i could not be more proud to sit here today representing one small piece of the tremendous work women are doing in venture capital. there's so much left to do i couldn't be more excited about the early spring, the green springing up and looking at the community of women that has come together and supported each other. looking at goldman sachs who i'm a proud alum of. institutions, softbank included, need to step up and make statements about what we're going to do to change the balance. there's a lot to be excited about here and i'm really proud to be here today >> well, we look forward to seeing what you continue to do, lydia. thank you for being with us. softbank investment adviser lydia jett >> thank you for having me as we've been chatting the

dow and s&p record high. beeple 500 day npt sells at christie's for more than $69 million. robert frank has more. as beeple himself tweets, though we can't read that out loud on television >> yeah, it's just incredible, crowd. the first nft ever sold at auction, the most expensive ever sold and one of the 20 most expensive works of art period ever sold at auction the first 5,000 days just wrapped up at christie's the final sale price $69.3 million. now, to repeat, that's $69 million for a digital token. some messages i got from art dealers and collectors, shocking, insane, a new world, and pigs are flying. before now the art world wrote off this whole nft mania as a

speculative sideshow with people collecting nba videos and cat memes. now, as of this morning with this sale, it is an asset class and beeple is turning out to be the king one of his works sold for $6.6 million. he's getting a piece of both of these sales. this sale makes beeple one of the top three living artists right now in terms of price right now. memes, tweets, emojis, any digital asset that is assigned an ownership on a block chain, they have become a $400 million market, probably close to $500 million after this morning jack dorsey turning his first ever tweet into an nft nba highlight videos really taking the lead with over $200 million in sales right now southeby's says they

have no current plans to auction off nfts i suspect after this morning that will change back to you. >> unbelievable, robert. we've all had to get educated in a hurry. we're going to continue to do so tomorrow beeple will rejoin us as we lean into the nft craze. so will patrick mahomes and rob gronkowski each with their own nfts a special edition that you do not want to miss as we're talking s&p record interday high and just 50 points away from s&p 4k

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our next guest's company is a newly minted unicorn and the first to be valued north of a billion dollars. with us now is the founder and ceo of skydio. we had you on ft. knox with me four months ago talking about how you were doing rc planes as a kid with your dad and now you have a billion dollar company in valuation. how has that been developing throughout this year in terms of the customers that you've got and what they want to do with drones >> yeah. it's a really exciting milestone for us as a company, an exciting milestone for the industry, too, and we're fortunate enough to have an array of customers across a number of different industries, consumers capturing amazing video, energy utilities inspecting infrastructure, we have construction companies

tracking progress of their construction sites, first responders using drones to respond to emergency situations. so it's an incredible tool for a lot of different industries. >> there's competition from china but there are security concerns in chinese made drones and some different capabilities you are targeting. how is that developing >> yes, i think it's similar to other categories of devices as the category matures the software becomes more and more important and we've seen this happen with smart phones and that's really what we see happening with drones now. it's ai and autonomy the manual flown drones which have been made in china have proved the value proposition in a lot of cases but we think the future is about ai and autonomy. >> speaking of capabilities, i

wonder what you find most interesting, the ai he will em, the software element, or is it more about a range or weight load on a practical level it will involve what they can carry in terms of delivering retail by drone, right >> so i believe pretty strongly the most value over the next five to ten years will be created by moving sensors around not by actual physical delivery. you might save $5 or $10 by delivering a pizza but you can save a life by putting a drone into a dangerous situation to get real-time situational awareness and the value proposition of these situations is incredibly strong the drone can be lighter, smaller, inherently safer, so i think the most interesting stuff for the next few years is going to be done by flying cameras rather than actually doing physical delivery. >> adam, good morning. it's deirdre i wonder how do you confront or

maybe not confront some of the ethical questions involved with working with government agencies and police departments, something i know you have been expanding into do you take issue with your products' devices useded in potentially polarizing situations >> i think it's a really important question the first thing i'll say unequivocally drones have the power to be enormously powerful tools when used by police agencies they can provide critical information and dangerous situations so we have examples of customers flying our drones into situations to de-escalate, respond appropriately before they put officers in harm's way. it's better for everybody, the communities they're serving, for the officers that are using them there's certainly the potential for misuse and abuse, and i think drones naturally spark a little bit of concern, which is reasonable, and i think the key to that is just to get ahead of it and the public safety agencies most successful with

drones have been very pro-active about engaging with communities, emphasizing the importance of civil liberties and getting the community bought into what we're doing. that's something we want to be a part of as a company as well we released a set of principles we think help guide the responsible use of drones and public safety but it's really a transformative actual, analogous to body cameras. and have brought transparency and accountability to public safety >> i'm not going to ask you exactly when you're going public, but we're in this unique market where direct listings are having success that we haven't seen much the past few years what's your strategy and interest in determining whether and when it's appropriate for

skydio >> i think it's exciting to see the reception in the public markets for a lot of companies that are working on interesting new technologies we have a very long-term mindset. we're scratching the surface of what drones can do even though there's a lot of exciting stuff happening today, it's still early days when we think of the future of the company thinking 5, 10, 20 years out and figuring out the right financing path to help us get there and that may mean being a public company at some point. for now we're really excited about the investors we have onboard. we have a lot of work in front of us and we're happy where we are. >> all right so you're the only guy in the valley who is not part of a spac yet. great stuff, adam. good to learn about what skydio is doing >> thank you thank you for having me on >> so far, jon, you never know some ev initiations getting

powered up price targets at $775. $60 respectively the firm bullish on the space and estimating evs could grow to 25% of the global light vehicle market nio up nearly 7% stay with us "squawk alley" is back in a few. we see engineers simulating the future to improve today. at emerson, our digital twin software makes power plants smarter, helping facilities optimize operations and increase worker safety. emerson. consider it solved. - welcome to three brothers bakery. - we have cinnamon, apricot, and raspberry. - we have a location that has experienced four floods, a fire, a hurricane,

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let's get a news update with rahel solomon. derek chauvin will face a third-degree murder charge chauvin already faces second-degree murder and manslaughter charges new york joining the growing number of states that are now dropping quarantine requirements for domestic travelers the change goes into effect april 1st and separately new york city and new jersey restaurants will be allowed to

raise capacity limits. ? japan moments of silence to commemorate the massive earthquake and tsunami that struck japan killing thousands and causing the fukushima nuclear disaster more than 2,500 people remain missing. and prince william is the first member of the royal family to address prince harry and meghan's tv interview in person. he responds to a question from a reporter and said that, quote, we are very much not a racist family deirdre, apparently he also said he has not spoken to harry yet it's been a few days very interesting >> not a very comprehensive response but i guess that's the royal family bumble, shares are buzzing giving an upbeat projection for the quarter, the company also saying that it expects pent-up demand from users reluctant due to the pandemic. "squawk alley" back in two everyone wakes up every morning

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oracle shares still under pressure here down about 8%. the company did miss revenue estimates for its cloud division it was below expectations. breaking down the quarter today with citi's tyler radke. guys, thanks for the help today. appreciate it. >> thanks for having me. >> thanks for having us. >> daniel, let me turn to you

first before we talk the stock given what is supposedly a very strong backdrop. >> i think the question there almost needs to be reversed. the runup the last 30 days was so impressive that i think the overall performance met expectations but maybe didn't inspire that massive growth. you had cross cloud infrastructure, gen 2 cloud, and fusion and net sweep hanging in with 20% growth rates with salesforce and lagging a little bit behind where microsoft has been i'm not as sure it's as unimpressive meeting what was expected but benefitting from that strong runup that often leads to a sell right after the news hits. >> tyler, another example of

coming in hot? >> you know, i don't think so. i think if you look at the quarter it was in line for the wrong reasons. if you look at revenue on a constant currency basis it missed the low end of the guide and i think investors are trained to look through that and that's what you're seeing in the stock. the optimism has been driven by the fact investors are hoping to see this company go through similar transition that you've seen microsoft in. to not see the revenue performance in the quarter i think was discouraging and on the call really most of the time was spent reading through wins >> does this show the limits of the old tech trade that we saw perked up last week? there was that article a few

weeks ago and then there was the upgrade from barclays that came. we saw a certain amount of acceleration and the oracle story is just different. >> yeah, unfortunately, sometimes time is going to be the best tell and oracle needs more of that in terms of its growth in gen2 cloud first generation missed the marks. i was very critical of it. i do want to see a bit more transparency the tail winds could accelerate if the company followed google's lead where there was more transparency how is it breging out between the infrastructure which has been the number everyone has looked at for cloud but also the platform, the hybrid business as they call it and also the bets made by oracle the company is in a lot of the rice places, carl.

some of the legacy business has been holding it up and the growth percentages could benefit from a little more clarity on how big that revenue actually is >> tyler, we've seen different approaches to this, just merely breaking out numbers where they haven't been before, kind of the google -- ibm has sliced the cloud. 16 ways over the past years. does oracle need to show something different? >> for a company that is cloud first and putting a lot of money into the cloud just a simple revenue disclosure, they're combining today their cloud revenue stream which is their new and growing stream with the legacy maintenance revenue stream and i think it presents a

really difficult point of comparison for investors because they have a hard time assessing what is declining and what is growing and ultimately when you have a quarter like you saw yesterday where revenue hasn't grown, you're left stringing together anecdotes around erp or gen2 infrastructure cloud and it just doesn't inspire a lot of confidence going forward >> yeah, daniel, that transparency issue is one that has been confusing for me not just for oracle but for ibm over the years. so how are investors supposed to respond to that? i know you talked about the run-up this year but, you know, my understanding it's kind of based on the fact oracle and the other legacy names sat out last year's tech rally. is it really sustainable based on everything that i've heard from you about cloud growth and transparency

>> we're seeing bets across the hyper scale cloud for a broad hybrid approach. ibm and oracle have their approach as jon mentioned and aws, azure and google are taking their own unique approach. >> but how do you compare them how do you compare ibm and oracle to microsoft and goggle that break it out in a clearer way? >> well, over time it has become less clear aws used to be just infrastructure and now it's platform and software and all those numbers are incorporated microsoft does a nice job breaking out the azure number. as i said i think oracle could benefit being much more transparent. over the past three or four quarters i've consistently had that in my research notes if the company could be a little bit more clear it could show its success is real and scalable and numbers are on par and where do they align against, say, a google of course we've seen aws and azure really pull away as one and two. but the question i ask is who is

three? is it google, is it ibm? could it be oracle and companies like sales force need to be brought into that discussion >> that's a good point finally, tyler, i wonder -- i have time for one question, but i had two topics maybe choose one one is the capital return. is that really marking an evolution there with the buyback and the dividend versus tiktok what do you tell viewers who still wonder what the deal is with that potential stake? >> as tempted as i am to talk about tiktok i'll take the first question i think on the buyback in capital returns we've certainly seen oracle be a very strong shareholder friendly company we've seen strong buybacks, dividends over the years i think the concern that investors have is not so much around the magnitude of capital returns but just the impact that

those capital returns are having on driving earnings growth so i think investors are concerned that oracle's earnings growth is driven by lower quality things so rather than revenue growth and cloud growth and operating expense, powering that earnings growth, we're actually seeing the buyback reducing the share count, increasing the earnings growth and so i think at the end of the day investors just are not willing to pay as high of a multiple for growth that's driven by buybacks rather than organic and more fundamental factors like you're seeing at a company like microsoft >> yeah, that's fair finally, daniel, i will turn to you on tiktok because i think your general view is that road has come to an end >> yeah, it just seems that the overwhelming consensus with the change in leadership at the national level here with president biden seems that has

sort of walked away and that's at least a lot of the rhetoric that's out there of course we can't be certain until some formality is made public but at this point it's gotten very quiet and i read that quietness as a change in direction and seems focus is elsewhere right now. and i didn't really see the alignment. it could be a great investment for a longtime return like the companies getting into bitcoin, but i didn't really see where it fit deeply into the strategy and road map for oracle. it may end up being a good thing in the long run. >> it's definitely a name that usually requires a little color coming out of the print. we appreciate your help, guys, very much. tyler and daniel, see you next time >> thank you >> thanks. >> meantime, watch square stocks shares estimating the company will see the largest benefit from stimulus payments forecasting a five to ten point

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a new study on an untapped opportunity in hollywood julia boorstin has that for us julia? >> a deep dive into the lack of racial diversity in front of the camera and behind the scenes in both film and tv in fact, concludes that addressing those inequities held the industry reap an additional

$10 billion a year that would add 7% to his annual revenue. black-led stories are underfunded and undervalued despite relative returns to other properties the film and tv management ranks are disproportionately white 92% of film executives are white which mckinsey says is more than any other industry including finance and industry now while the u.s. population is roughly 13.5% black, the report finds that 6% of hollywood film writers, directors and producers are black and 8% of films have a black producer mckinsey identifies barriers to entry to the industry including the many entry level jobs offer low or no pay in hollywood with me to talk more about the results of the survey is franklin leonard, a film executive and founder and ceo of

the black list now, franklin, i know you used to work for mckinsey and now run the black list i understand that you reached out to mckinsey to get the survey started what were you looking to do and how did this all come about? >> so last june in the wake of the murder of george floyd and breonna taylor, mckinsey announced a commitment in pro bono work focused on racial equity and so i reached back to some of my former colleagues and said if you're interested in studying one place you can do it is hollywood especially because not only does that economic inequity exist within the industry, we, as a matter of our business, then export and amplify stories around the world that also then has material effects on the lived lives of black people and people all around the world that further amplifies that inequity.

they saw the opportunity there as well and the basic ask was what is the lay of the land? you are a company that organizations and fortune 100 companies turn to solve your business problems, help us understand what problems and he us understand what the reality is and how you can create solutions. so franklin, tell us what those recommended solutions are? >> yeah. well, the headline here is that the solutions that will be necessary will need to be bolder and more industry wide and not only what the industry is doing right now and more so than literally any other sector hollywood is very unique in the fact that it has a highly interconnected value chain, entrenched roles of agencies and unions and workplaces that are largely defined around projects that are outside of normal hr and other institutional structures so not only does every company need to be focused on addressing these problems within their own

purview, but there likely needs to be some sort of independent organization that is specifically dedicated to addressing these issues so the industry as a whole can claim this really extraordinary billion dollars annually financial windfall i would also add that is only the windfall that is available specifically focused on the underrepresentation of black creatives. if you add to that the other represented communities it's significantly larger than $10 billion. so when an independent organization addresses that it seems like a wise choice for the industry >> let's talk about that the power structure behind this and in 2021 it's been influenced to a large degree by oprah's meghan and harry interview and shondaland's "bridgerton" and minari, right? it seems like on the surface there's a lot going on with

representation, but behind the scenes, who's got power? who consistently gets a chance taken on them? it's a bit of a different story, still? >> mackenzie's work further confirms that. those of us who have been working in the industry for 18 years now and this isn't exactly news i think the specifics of the number, maybe, but the reality is not julia already pointed out the fact that the upper echelons of the industry power structure is less diverse than any other sector in the country and i would also add less diversity than what donald trump was and so i think that what it seems to be may not necessarily be what it is and the consequences of that are the industry as a whole is losing a rather remarkable amount of money that we could be claiming >> franklin, we talk about the content creators john mentioned shonda, but lee daniels, barry

jenkins, regina king and these are powerful black producers and actors with influence. is that enough or does it need to go to corporate does it need to be on the other end of the change before you see meaningful change? >> mackenzie's study says it all. yes, we have people in hollywood doing extraordinary work with these obstacles that are placed in their way and one has to wonder what they'd be capable of and allow the obstacles at a level commensurate with their ability and frankly, commensurate with their ability to return on their investment. one of the things that i was most shocked about the study was dollar for dollar that was invested into black content, despite being underfunded, undersupported, under distributed still delivers a better roi by 10%.

>> franklin, that roi number is really dramatic. what were other parts of the studies that were surprising some other things were the underrepresentation of executive ranks and what are other things that you'd want to drive attention to >> again, i don't know that any of this was necessarily surprising and the $10 billion a year number. if i had to guess it was quite high, but 10 billion a year as a minimum seemed to be quite remarkable and putting a fine point on the value chain and therefore, the absolute necessity of crosso address this problem to claim the financial windfall and those were the things that stuck out to me most and hollywood is more than any other industry in the country. oil and gas, finance, whatever, hollywood is the least diverse and in an industry that is responsible for the cultural

production of the story that we tell and that resulted in determining how we see ourselves and each other, i think that has severe moral and ethical consequences and as mackenzie shows, quite significant financial ones, as well. >> you know, franklin, carl just mentioned the success of "bridgerton" and some other black-led projects that have had an impact on the industry and have had notable financial success and i'm thinking about oprah's 17 million viewers for the meghan and harry interview, and i wonder if there are signs of hope and indications that people are starting to pay attention to the financial opportunity here >> you know, i'm a bit of a numbers guy. that's probably why i had the opportunity to work at mackenzie and i think we'll find out in the future my father was in the army for 25 years and says regularly, don't tell me your priority, show me your budget. now that the industry has this information from a source that they regularly trust to solve their business problems, how

will they respond and how comfortable will shareholders be with organizations that continue to leave an astounding amount of money on an annual basis. >> franklin leonard, we appreciate you being here today and we hope to have you back soon. >> it's my pleasure. >> great discussion there, thanks, julia. interesting report out of b of a, estimating app store revenue has increased more than 34% year over year, despite a 2% decline in downloads shares of apple up almost 2% stay with us we're back in two. have to make: the largest 5g network... award-winning customer satisfaction... or insanely great value. now, with t-mobile for business, there's no compromise. network. support. value. choose. all. three. t-mobile for business. ready when you are.

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mongood db, the stock is up 10%. it had been up a bit higher earlier in the year, but getting a bounce, deidre, on those results. subscription growth up almost 40%. atlas growth, 65 >> john, i'm keeping an eye on coupang, and indicating an open between $63 and $65. car, that's far above the $35

that it priced at. >> not that different a pikctur from roblox. the vix below 20 and risk tolerance is out there we'll watch that let's get to the judge welcome to "the halftime report." scott wapner the dow, s&p, russell all hitting record intraday highs today, so where will your money work best from here? our investment committee debating that one. joining me jim lebenthal and josh brown's here and so is jon najarian and ron sechin. and i told you about the new intraday high yields across the board and that means stocks all across the board in the green. look at the nasdaq almost