street and "squawk alley" is live. ♪ happy monday hey, it's spring, welcome to "squawk alley. i'm jon fortt. carl has the morning off teslas on a tear hoping for a 3,000 share level in 2025. and clubhouse, or house of cards, breaking down by one investors think silicon valley's hottest unicorn could be destined to fail and joining "squawk alley" on an $11 million spac merger.

first, a new social media challenger a spokesman for trump's 2020 campaign telling fox news the former president plans to re-enter the social media space. this time with a new platform of his own that would "completely redefine the game. start there with our next guest. "new york times" columnist and cnbc contributor that podcast doing very, very well. >> yes. >> so trump and social media first of all, sounds really bad for parlor, right? what are they there for if trump has his own platform >> yes. >> and what platform are they bidding it on, if any and what are the terms of service going to look like >> interesting he's trying to replicate his success somewhere else and worried a little about the business, i have to say,

jon. much haroder to do this than he imagines twitter was there, media, supporters, detractors a lot of activity. hard to create that in a single platform parlor wouldn't be so bad, to go to parlor, reinvigorate that, hit hard because of the capitol attacks, but creating his own from scratch, i say, good luck to him and a new appreciation for section 230, i think. >> isn't it also where the entire gop will want to be raising money? because -- nobody has risen kind of, you know in a post-donald trump way to draw the attention and seemingly loyalty of the party's base the way he has. maybe advertising isn't really necessary and they'll be able to afford data center space >> it's hard to build a social media company in this environment. again, both have a new appreciation for 230 and the sections it affords him and secondly, new appreciation how

powerful other social media companies are, facebook, twitter and others aid maybe talk about their power again. i think it's almost impossible to create a new network with one group of people. you won't have his -- his detractors run there and not have the media run there and participate on a daily basis. everybody us that twitter would decline once trump was kicked off the platform and stock's gone up $25 since then so i just feel you have to have everybody in the same place at one time to be successful, and it will be like a press release essentially. what i see get everybody's air that is debating everything. that's the sort of fun that twitter has when it's in a good part and when it's negative, it's sort of part of the colosseum-like feeling you have there when he's present, but he's not going to be present anymore. >> is it possible to actually build a social media company without support of big tech? you saw what happened to your point earlier with parlor after the january 6th capitol riots,

where apple, google, amazon, all booted it from their platforms, without the support of at least those three, is it even possible to build a social media site >> oh, yeah. absolutely they could do all kinds of stuff. all kinds of companies supporting other companies that's not the issue it's a question of money where does this money go and what's the point of it can you get a group of people there excited about being there on a daily basis and creating a social metwork much harder. that's why it's so difficult to dislodge these leaders because they've created networks it's very hard once donald trump goes away, which eventually he will, does it stay that way i don't know better off if he went on clubhouse and start add room there on a daily basis, avail himself to other social networks what i woould do if i were him trump stakes, university, all the different businesses

hard to build a business and he does not have a great track record being consistent around businesses and creating and sustaining them. we'll see. >> do you think it changes the political appetite for section 230? you mentioned that it will give him a new appreciation for section 230, and the role it plays. do you think if he gets this off the ground and running maybe some gop lawmakers say, actually we're going to back off this whole fight, because clearly it's serving trump well here >> they're not going to win the fight anyway doesn't really matter. yammer on either side if he want shifted sides because no actual commitment to reforming it reforms of 2300 ar are coming no matter what. it's political and nothing to do with the facts 230 needs to be reformed, as many think so. and tech regulation and other things they don't care about that they just want to make a lot of noise.

i think, i kept thinking, like at the beginning kafefy fine whatever you can't bring magic back to what he had on twitter and i call him the great commander in tweet. you can't bring that back. >> an interesting new position in which to make antitrust sentiments, though, since he has his own platform he can say he's the one being harmed move on. pivot, to something you've been talking a lot about. that is nfts new column out another big step towards digitizing our lives on beeple, ad tech and the latest tech phenom, nft. i think we're on the same page. >> we are. >> digital paperwork, but what's happening now is not entirely economic a lot of people are wrapped up in it. >> no. >> why buy these digital doodles for -- maybe you shouldn't

underlying value to anything backed by an nft, digital or physical, right? >> not necessarily whatever people will pay for things i don't understand collectibles and baseball cards some people make a great living doing it, or anything else we agree on this is a methodology of are things that could be bought and sold i think it's a way to get cryptocurrency into the mainstream as i wrote in this piece and did an interview with beeple for quite a long time. >> that was fun. >> interesting said the same thing. could go to zero it's about risk. the fact, digital things will be valuable and this is a way to buy and sell them and people are getting very bent out of shape because of beeple. it's not about beeple. i don't like his artwork that much. >> i do. >> you do? i don't. doesn't matter's doesn't matter what we think about it but the fact of the matter is this is a new way of thinking about it remember being around beginning of the internet, everybody was like what do i need a website

for? why do i need this same exact thing same with twitter and all of these technologies they will evolve and i don't have creativity to think what could be done with nfts. this is one use case just one use case. >> very much like that reminds me of the dotcom thing people slapped dotcom on something, backing something with an nft who that gives it value and the whole prospecting around urls. right? domains. that whole market. >> yes. >> something there, but not as much as there was when people were hyped up about a single idea. >> exactly. >> the idea has to be, got to have a here to itty beyond, boy, there's a lot of hype around this right now. >> right. >> if you're going to put money into it. >> 100%. this is is a risky speculative time now especially around artwork. some artists will move in valuable in the real world they'll be working on it i heard from lots and lots of them so we'll see where it goes i think i don't think you make a judgment right now

you do look at it as a speculative investment because you don't know what it's going to be. did we know google would be worth $1.38 trillion it's just a website. i remember someone said to me, very famous, said, what's google but a bunch of colored letters on a page? i was like -- well, okay you're right just a website, but they built a business off of it i just don't know what the businesses are going to be, but itic mas sense to me that digital artwork or digital other things are going to sell online and they're going to use cryptocurrency to do so. it makes sense makes total sense that this is the way it's going to evolve i just think it does i'm not participating in it. i don't have enough speculative cash to just be doing that, but if i did, i might. i my think it's an interesting area. >> just stick to investing in gamestop right? >> okay. yeah that's what i do all day long after i get off the air, type away buying stock gamestop, go on and on and then complain about -- i don't know

i'm going off to join trump's social network right now type away on that. >> they'll be happy to have you. good to see you, always. >> thanks. >> looking forward to that. tesla shares driving higher again today. dom chu that details. >> for the conversation with kara swisher a lot of people didn't think tesla would be what it is worth today. putting another massive price target on the stock. a 703% run at highs, a market value that was just around 850 billion dollars overall with current share counts in tech behind the call from ark invest and cathie getting so much buzz? price targets by 2025. put it up there. 2025 in the bull case, ark invest thinks tesla is a $4,000 stock the base case scenario around $3,000 per share and even in the

worst-case scenario think it's $1,500 per share with that intact, remember, at the bull case, a stock worth upwards of 3.8 trillion dollars. assuming current share counts intact behind the call? key assumptions being made as you have to make with any kind of a forecast. what exactly are they assuming saying they think tesla can make 5 million to 10 million vehicles at a lower cost. key. lower cost also think there's a 50% chance of delivering fully autonomous driving part of the assumption and complex and think a robotaxi service that could be in the offs, could drive a lot of the market value behind this leslie, as we talk about assumptions here, by the way, if you want to see a fuller extent of this content, go to cnbc.com/pro subscribers get a full recount there. it's the idea hypergrowth ahead. remember, what cathie wood 0

makes these comments a lot of people are skeptical, myself included maybe original call on the thousands it could be worth. could be an interesting way to go about valuing tesla in the future. >> the thing that gets me about this, dom, is the, the bear case has tess la more than doubling. seems to me if you have a bear case, if it's really a bear case, maybe have it be a little, the economy could do a lot of things in the next four years. >> absolutely. as could competitors, as could the overall total addressable market and technology with regard to batteries and charging and everything else. it the interesting part about the whole process to think about this, jon, in a bullish scenario like that, you have to have all things firing. on a -- on a bear case, i guess, $1,500 you could say certainly a throttling back of the growth rate seen for the past three to four years in tesla shares, because if it only then doubles, so to speak in that amount of

time, takes four, five years to get there, you can make the case i guess. assuming for a lot of folks out there tesla maintains that market leadership position when it comes to evs and a lot of that will be fun to watch, i think, for me. >> and market leadership position for autonomous vehicles as well. she said 50% chance they have fully autonomous vehicles, but you would hope that for a $3,000 price argument agency a market leader there, if that 50% comes to fruition. >> absolutely right. tausha, the analyst works there put out the note talking about a notion that the fully autonomous driving, robotaxi side of the business could end up driving 40% to 50% of the overall market value at tesla key assumptions to be made yes, kind of out there right now, but still it's interesting to see how one money manager wants to model out what a market value could be in the next four to five years. >> remarkable. rate of change, four to five years? that's like light years away for

this company given how quickly they change. thank you soap. later in the hour, software start-up joins "squawk alley" on their $11 billion spac deal and next, the chip continues with amd, qualcomm and nvidia down in the last month we break down where they could be headed, right after this break. stay with us. for you. t- mobile has plat switch today and get 2 lines of unlimited and 2 free smartphones. plus you'll now get netflix on us. all this for up to 50% off vs. verizon. it's all included. 2 lines of unlimited for only $70 bucks. and this rate is fixed. you'll pay exactly $70 bucks total. this month and every month. only at t-mobile.

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weekend saying they'll continue to increase production to meet demand and see shortage conditions improving a little silver lining in the chip world let's discuss with patrick moorhead along with our other guest. thank you for being here patrick, start with you. do you agree, do you believe, that the chip market conditions are improving? qualcomm ceo noting particularly that those chips with older technology are the ones that are poised to really improve currently? >> first off, we're seeing unprecedented demand in the market, which is truly the biggest driver for all of these chip shortages i mean, the last quarter we saw pcs up 25% chrome books up 5x, even tablets were up double quarter on quarter. so it's really about this increased demand, and depending how you look at it, increased demand typically meaning higher prices and higher profits for

these companies until we get into a, call it a chip outage. but i think we've got about six more months of runway before demand be gets more normal now, a lot of this will be dependent on how many stimulus checks globally, how many stimulus payments, we see all across the globe, because what we found is that consumers are going out and be buying computers and phones and tablets and xboxes with their stimulus checks. >> might pay more for those items given supply constraints we've been seeing. there is something curious going on in the market now that is that we've seen obviously a huge run-up in shares of semiconductor companies over the last 12 months, but in the last week, really in the last month or so, we've seen a lot of big names selling off significantly. why do you think that is is it that inflection point that patrick talks about? investors bracing for that

or is something else going on? do you see it as a buying opportunity? >> thanks for having me on, emily. we do see this as a buying opportunity. i think if you look at the stocks in this index up almost 8% for the year. almost four times what the nasdaq is up and up 2% ahead of where the nasdaq is. look what happened the last month or so, a little bit of the underperformance was what we saw with the value shift starting to see, again, that shift happen again where now you starting to see some buyers come back into semis and tech we think the best is yet to come i think if you look at demand on this side, home demand very strong look at the june especially, strongest semiconductors in the last 20 years. and 2020, very big because a lot of our commodity industrial sites went into

shutdowns. look at june '21 prompting a weak last year the best is yet to come in terms of top line and earnings growth, and that goes towards a very strong demand in our industrial side. >> what are the chances do you think we end up with the typical boom/bust cycle? shortages today turn into glutz tomorrow and what areas in the semiconductor industry are most at risk for that scenario? >> yeah. a good question. i think definitely the very strong demand sets up that scenario, but as you look through most, almost through q3 we think demand conditions persist where supplies do kind of catch up and you saw that last night in japan. that further impacts the supply side of semis going into our industrials. but, again, i think the fact that the second half, what we have said on the semi side, look

at the very first half of 2021, actually doing late in the year start to see supply demand get into balance. >> pat, what does all this mean for intel? expect to hear from pat gelsinger first time really at ceo laying out the plan and interestingly, the past six months intel stock done bedder and that amd a gelsinger affect what does he got to do >> i think what we'll see this week from pat gelsinger is essentially what would be swann pro bob swann promised end of january. deep manufacturing we'll see that, i think. i also think we'll see some disclosures on how certain products are doing. and i think what gelsinger brought to the table, he brought a level of confidence.

i think investors were looking for an engineer at the helm and what they got was a very motivated engineer and i think that has been, that has been driving the run up on the other hand, i think amd, so much pent-up demand that, that amd has, and the expectations were so high, what amd didn't blow out its numbers, like investors thought, they took a little breather there is money changing hands between amd and intel, and that makes a lot of sense because they are the two archrivals going head to head in the pc market and also in the data center market h >> thank you for joining us. appreciate it. >> thank you. >> thanks. now cleaning products. crafting machines and more a week of ipos, 12 companies on slate to go public

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♪ welcome back here is your cnbc update at this hour the supreme court will consider reinstating the death penalty for boston marathon bomber the appeal filed by the trump administration unclear, though, how the biden administration will handle the case as president biden seeks an end to the death penalty. and insurers more than $2 billion. the casino operator says insurers refused to cover losses resulting from the pandemic. and volunteers from abroad not allowed into the olympics. and a sweet treat for those who get their shots, krispy kreme offering a free doughnut

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welcome back covid-19 is ushering in a new era. the company cashing in on what he calms the behavioral change economy. co-founder, managing partner at 645 ventures joins us.

great to have you. i love you gave a sense of companies that you like and companies that you don't like. i want to start with the "don't like" at least the overvalued you say. particularly bill.com. interesting. isn't one of the things that's happening in behave your change that small businesses really have to, know, adapt to the cloud and digital processes? i mean, isn't that what bill.com is about >> thanks for having me. great to be here on bill.com, they benefit in terms of more small businesses wanting to do billing and payments the issue with that company is really being overvalued. look at company's actual revenue performance, enterprise value to revenue multiple for example the company is much more highly valued than its peers. it's a business that i believe is over valued today but may have long-term prospects given reason described.

>> same time you like zoom, which has had quite a run. so tell methe justification there, because it must involve believing they can really deliver on this platform vision that they've been talking so much about over the past few months >> definitely. maybe just a step back at 6:45 we're big believers in the idea the big behavioral change economy that idea changes enabled by covid, behavioral changes, consumer and business, long-term permanent changes. what's happened over the past year, there's been an acceleration of crossing the chasm. more adopting behaviors that wouldn't have necessarily done zoom is a perfect example. company's growth, grown over 4% over the last year and we believe people will continue to use zoom my parents, for example, are pre-zoom users and never would have seen them on zoom prior to the pandemic but once it's over, they will continue to use it

we believe this will have long-term impacts and zoom is a great example. the empty is valued at a the multiple revenue 22 times which is actually lower than many pierce. why i think that company that long-term temperament. >> and also in your overvalued companies camp you have spacs. particularly technology spacs. curious why you say that especially as venture cap capitalists are beneficiaries often from the spacs, taking earlier stage companies public at valuations in many cases most people wouldn't have thought possible prior to this huge spac wave so why do you think that the traditional ipo method is still better >> well, you know, spacs provided an interesting liquidity model for private companies. the benefit of spacs are one that enabling companies that may not have as predictable matrix,

not at propertiable and others company or a route for liquidity and also access -- positive. a lot of companies fit well into that construct the issue is amount of supply. the number of companies accessing that market in particular the blank checks spacs may not have a lot of substance when you look at the underlying target they're looking at and in the target business models. really it's a question kind of supply and demand. the reason at 6:45, strong components of this model, it's a tried and true model for companies to get public, you know, historicsal performance benchmarks, certainly number of years financials and it's a necessary check and balance, so to speak, companies with quality, long-term financial profits. three things we look for at 645 in terms of companies, visionary

founders two, companies with defensible moat in their business, particularly a product and service hard to replicate and finally really strong performance measures we call predictable performance measures we believe the ipo route is a great avenue for companies there will be great spacs. it's more a question the number of spacs and volume of spacs, kind of overall quality of those companies. >> to be clear, do you have a rule whereby you would not sell a portfolio company to a spac? you'd urge them to pursue that pr that-of-ipo route or to the broader investing public, maybe avoid these things, because they're getting a little overheated now >> more the latter when we advise our portfolio companies we advise them really to evaluate all options. i mentioned. a spac can be a great avenue for many companies definitely a lot of companies that can fit in that model

we advise our companies to think through the model best for them. that could be anning kwa zigs, -- an acquisition, 0 spac or ipo. more a general statement around the overall spac environment like any financial institution, many folks rush in a lot of supply in capital also think about the other side in terms of long-term returns for shareholders i think you saw it there. >> talk about the geographic side of behavioral change. you're bullish on new york as a tech ecosystem, and i think maybe this speaks to, what's going to happen overall as we come out of this period? what geographic areas are going to have momentum i think there are a lot of questions about what's going to happen with cities what's going with people wanting to be there? why were you bullish on new york in particular and what that might mean for other

metropolitan areas >> bullish in on new york, headquarters in new york we are active investors in many companies here in the city and new york is growing as a technology ecosystem you see it in a couple ways. first of all many successful ipos recently went public, performed well, restaurant tech space. additional companies in the past couple of years, you see ui cap coming up being a public company. a lot of great companies created in new york. really a growing ecosystem a lot of great places where tech founders are coming out of, cornell tech a great example we're big believers in the ecosystem growing. there's more funds and really kind of like a lot of potential for those companies. zooming out a little in terms of geography. we believe that big companies really, great companies can be great anywhere and because of the democratization of company

formation, we believe crate soft wa software companies can be created where there wasn't a lot of historical capital. covid, seeing a couple things. first is more and more companies are partially or fully remote. enables them to hire great people from a range of different places that's great in terms of democratizing access to talent for companies. bullish on new york, bullish on other cities, in particular, smaller cities across the u.s. >> a long way from eight years ago, tumblr bought and wasn't quite that big thank you. breaking flus out of washington kayla tausche has that for us. >> leslie, the u.s. in conjunction with the eu, uk and canada announcing new sanctions against two current chinese government officials for what the treasury department is

calling serious human rights abuses in xinjiang this action builds upon the u.s.' action last week ahead of talks with the chinese to double down on sanctions for hong kong officials for democratic abuses there according to the administration this in the wake of talks between the u.s. and china in anchorage, alaska, where the secretary of state called the two countries fundamentally at odds secretary of state anthony blink's currently on his way to brussels this is going to be seen as a rampanting up of tensions between washington and beijing in the wake of those talks this set of sanctions we also should know includes several officials in myanmar, including the leader of the burmese police force for anti-democratic actions there, but certainly the market is going to be looking at the accesses that the u.s. is taking against china and what it means in the wake of those talks.

guys, back to you. >> certainly a rare escalation of these sanctions coordinated together thank you so much. sure you'll stay on it for the bulk of today. appreciate it. software start-ups iron source joining "squawk alley" on their $11 billion spac merger, next stay with us. if you're 55 and up, t- mobile has plans built just for you. switch today and get 2 lines of unlimited and 2 free smartphones. plus you'll now get netflix on us. all this for up to 50% off vs. verizon. it's all included. 2 lines of unlimited for only $70 bucks. and this rate is fixed. you'll pay exactly $70 bucks total. this month and every month. only at t-mobile.

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it's what we build that keeps things moving forward. so with every turn, we'll keep building a world that works. ♪ ♪ - [narrator] if you're thinking about going to school online, southern new hampshire university is where you belong. we've been online for more than 25 years and have helped thousands of students reach their goals. as a nonprofit university, we believe access to high quality education should be available to everyone. that's why we offer some of the lowest tuition rates in the nation, and haven't raised tuition in nearly a decade. so no matter where you want to go, snhu can help you get there. visit snhu.edu today. welcome back software firm, ad, going public via spac

now using combined company at $11.1 billion. expected to close in the second quarter. joining us now to discuss orlando bravo, home of bravo advantage and founder, the ceo and co-founder of iron source. thank you both so much for being here i want to start with you, thommar. you said, despite previous progress pursuing a traditional ipo, when we met we found alignment and shared conviction an the long-term growth we can drive at iron source making them the perfect partner taking this next step in growing our company. what exactly are your next steps and why are they the perfect partner for you? >> sure. good morning thanks for having me well, for the last decade we've brn building this business platform for that economy. helping ad developers concentrating in create great

apps where we help them grow that app and scalable successable business and we've become the platform of choice for all of these guys. the way forward, we provide a platform deeply integrated within those developers an constantly add additional services and helping growth. we would grow both in current categories we work in. we're very well-known for game developers and expand it no other categories broadband, helping better engage plenty of room to grow organically and not organically. actually quite one of the main reasons to partner with orlando and the bravo team, being the best investors to help us grown, again, with organically and non-organically, continuing consolidating the marked around us and executing best we can do

that. >> and stock is up, showing down about .75% on this since the news first lyriced about a week ago why is it you think investors are less thus about this deal than you are >> leslie good to see you again, thanks for having me and tomar, thanks for those comments. this is all about ironsource and long-term value. i can tell you in our 20 years of investing in software, ironsource is one of the best companies we've seen with one of the best managed teams. >> now we have the privilege to back them both in our public vehicle and to invest directly in the company this is one of the most special companies out there in the software world and we get the

bri the-of- thethe privilege of doing it and are extremely excited about this. >> tomar, i wonder how to think about your runway, because what i look at it, you're sort of a shopify but for app developers, right? providing tools, those resources to simplify the part of it that they don't want to spend all of their time focused on. how does that translate internationally? how does that play with some of the movement in dev op start-ups we're starting to see that are also ready to come public and introducing new ways for app developers to get sufficient work done? >> sure. thank you, jon so actually, the, our main mission is to make the lives of those ad developers much easier. we truly want them to concentrate on one thing only. creating great app great content for all of us to enjoy. when we as a platform help them take that up and scale it into a

business if you look at what happened in the gaming category, for example, it's truly fascinating the way we've democratized content creation to find situations today you were enjoy the games, the apps, of the top game developers out there, as well as the long, very small developers that are self-charged this is on the platform really making their lives easier. the platform helping them create great content while we help them scale. i think this is exactly where the app economy is going we are outsourcing, basically putting in the cloud, in our platform solution, in our platform, all solutions s need they can concentratened this is the main factor helping this growing app economy and game economy expand so quickly as we've seen in the last decade. >> speaking of doing things quickly, orlando

this was a pretty quick turnaround from raising a spac to actually announcing a spac. just over two months to do so. what do you think drove the expediency and how does this inform your thinking doing more spacs in the future potentially? >> look, we've already been fortunate once he took our company public we got hundreds of inbounds from high-kwaqualit software companies once we met iron source, some of the best we've seen. ultimate place to get software is when the software company you invest in runs the entire business of the customer and that's what ironsource does. they create a business on an app and run that entire business and on top of that, they deliver that in a business model that produces, one of the best numbers we've ever seen. 83% last year growth, 31% in margins and 150% net retention

so to get back to your question, we were super fortunate and feel very lucky and grateful to be partnered. once we saw it that's all we wanted to do and, of course, will do more publicly, ba you we've had a great experience. >> we will keep an eye out for that thank you orlando and tomar for joining us to talk about your deal. >> thank you very much. >> thank you after the break, could clubhouse actually fail? our next guest seems to think so we will discuss. stay with us. price on every t, which saved investors over $1.5 billion last year. that's decision tech. only from fidelity. that's a very good question. will there be an ev for me? what about me? an ev for me? what about me? can i get one too? an ev for this princess? what's an ev? and there better be one for me.

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. clubhouse, in a year has become a billion dollar start-up can the growth continue? our next guest doesn't think so. mahan, i have to admit skepticism first of all, i'm not on clubhouse, but i see enormous potential in the way it's made audio this shared, event-like experience, in a way that podcasts haven't exactly proven to be. why do you think there's something wrong with it? >> i think clubhouse has done a lot of things right. they took silicon valley by storm, but what i was laying out

in my tweets is there were a few big structural challenges they will have to overcome. i think the biggest one is what i call the seven-seconds problem. so when you open any app, whether it's instagram, tiktok, candy crush, you have about seven seconds to give the user something entertaining, a bit of a dopamine hit. on the one hand you have a very oftening machine like tiktok, you good et what up. clubhouse is like eikea you walk around 45 minutes looking for something you like, and you walk out with swedish m meatballs. >> it seems like the sort of thing they could fix while others are still kind of

scrambling to catch up with the basic concept that they have already popularized. >> they might be able to fix it. there's a lot of smart people involved i'm sure they're aware of this problem and they're working hard on it, but i think it's more fundamental. it's because clubhouse is live let's say i go on the app, i'm interested in silicon valley great, there's a ton of content for me, because that's what's on the app, but most people don't care about that. they want to go get content they are interested in. what clubhouse has to do is find something that's interesting for you, which you might have different interests than the next person and it has to be happening right now live that doesn't make the problem two times harder, but 200 times harder if i go on facebook i see a bunch of photos, or tiktok has billions of videos to choose from that they can show me at any given moment

club house of representatives it has to be interesting and happening -- clubhouse, it has to be interested and happening right now. >> when you think about the benefit of live, especially with the pandemic, taking the live events we used to do and transform them for the digital age, is it that it's kind of an extension of that, as opposed to, you know, doing what twitter is doing, what facebook is doing, which is obviously those are better platforms to create targeted content do the two need to necessarily be the same thing this. >> i do think that what clubhouse made is this live format where there's an audio room, you have speakers, guests that can hop in and out. i think it's a great format. i think it's more likely to live on as a feature as twitter, or a feature of facebook.

all of them have teams of engineers, that might be more like live video. if you remember a coupleierses we were all excited about meerkat and periscope, and it turns out that wasn't a st stand-alone network, but it was a great feature of instagram a great feature of twitter i think that's what's happening with clubhouse but hey, i hope i'm wrong. i hope people talking in segment f five years ago saying i'm a big dummy. box spiking in the last few minutes as reuters reports the company is exploring a sale amid pressure from hedge fund starboard.

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jon, this is significant because it expands access to new york to much more of the working-age population which has been restricted previously it was 60-plus, now down to 50-plus. we were just talking to an investor who was talking about being bullish about new york, and we can think about the impact to business, both companies come coming back together, perhaps, think about travel, all thof things that might begin to happen in a more significant way when more of the population can be vaccinated you would want to see this happening as spring starts if we're going to get to the point in may where so much of the country hopefully is also getting vaccinated. >> it also feels lately there's been an accelerations of accessibility across the country. some states have opened accessibility to their entire

populations. iowa, i think alaska is another one. we're starting to just feel that momentum toward accessible when hopefully will open it up, jon. >> for the market in general, as we head toward noon, we are seeing a bit of green, the dow slightly in the green, the s&p and nasdaq as well with that, let's get to the judge and the half thank you, jon the state of play for stocks, the investment committee making big moves today in their portfolios joining me for it is hour today is britain targetington, jon najarian along with jason snipe, joe terranova, and let 'go to the wall good to see stocks in the green. nasdaq is the big winner why? all the way on the right