good morning 8:00 a.m. at amazon headquarters and 11:00 a.m. on wall street and "squawk alley" is live. >> one, two, three, four --

♪ ♪ ♪ happy monday welcome to "squawk alley." i'm jon fortt. ahead this hour, well, against convention margin madness a closer look at the wild ride for old school media and chinese internet stocks plus boston dynamics out with an uncanny ro robot. start with amazon's unconventional twitter beef. a new record found amazon confrontational tweets that hit the internet last week came after ceo jeff bezos, soon to be founder and chairman told

exactly, pushing back hard enough against critics as amazon union votes in alabama are due today. joining us to discuss recode, co-founder, cnbc contributor kara swisher you know, dave clark was very direct tweeting at, you know, bernie sanders, senator sanders, senator elizabeth warren p.r. was this was a bad idea, but what it is works >> how that the union votes -- workers vote against the union is the goal >> those emboldened agree with amazon and worried a union won't represent them well? >> that may be true. attacking them is not the point. making a good case for why amazon's a good employer without a union is the thing i would do and not this ridiculous fighting with senators trying to get their goat one thing to push back and another thing to just act like, throw a tantrum kind of thing and act snarky and, like --

everything we imagined tech rows to be like these tweets sounded like i have no problem with them making their case, problem being aggressive and making it an aggressive case. everybody they've done here feels wrong in terms of the aggression rather than channeling it into making a good argument as i said, that amazon is the best place to work same with unions whatever elizabeth warren or senator bernie sanders, both senators say, doesn't matter they're in the business of creating that kind of political debate going on. i thought amazon engaging in it was wrong and so did most tech p.r. people. i got texts all weekend from team saying what are they doing? just doesn't make any sense. >> definitely against the playbook strikes me interesting that the senate is supposed to the greatest deliberative body in the history of mankind but we're giving a couple senators a pass the way they act on twitter but want to hold amazon responsible for acting in a particular way even though we don't know

whether they're achieve their strategic outcome. >> come on, look senators do this all the time. this is elizabeth warren does it all the tile did it to face taibook and stuff like that. it would be on what they can offer workers. this drags them into a debate they don't need to be. jeff bezos probably said, be tougher and i don't think it's tough. i think it's stupid in ways. whatever the king says you have to do. even if you execute it badly you have to do what the king says. i don't know what else to say. i don't think it's smart and we'll see if the union wins. if the union wins or amazon wins, but i think -- also i supported a lot of jeff bezos aggressive stuff around sexting and things like that notable, never said anything about what former president trump was saying to them if you notice. they said nothing. former president trump was a whole lot more aggressive, if you want to talk about sort of being astonishingly without

decorum towards amazon i find that interesting. >> that's a good point good morning, by the way we haven't heard this kind of aggressive strategy from amazon in a while, but the facts we are talking about twitter beef the day that an historic union vote closes in bessemer, alabama, does that mean they sort of won with the strategy? diverted attention away from the labor issues talked about it a little last week i think that's what we should talk about here. yes, amazon pays $15 an hour but a lot has changed amid the pandemic what do you think? get to the labor issues of this battle what do you think is going to be the outcome? there's 6,000 workers at this warehouse. where do you think the vote will go >> i don't know at all i don't know what's going to happen i feel it should be about, probably both sides, mostly amazon the side, the case you don't need a union because we are a really good employer

and peeing in bottles i got through the weekend. what's important for a lot of these companies that have such a big union forces and where there's union trends going on is that they've got to really address them in ways that don't feel -- that diminishes what these workers want i think no matter what any of these companies do, worker rights will be incredibly important going forward. this is amazon's big issue it's not going away. i think picking fights with two of the most prominent senators is a waste of their time, in my -- i feel like it gets away from the point what they need to be doing here. >> hmm kara, i wonder, you're 100% right about the union and labor issues not going away. especially under this new white house. i wonder the response here and response op d.o.d. jedi microsoft feel very emotional i wonder if you think that's weird? from a company that has a very rigid scale-based operation in terms of how they grow

>> well, you know, it's that victimization thing. a lot of these billionaires feel victimized whenever they get a punch back in the nose they get, i can't believe you hit me, even though they spend their whole lives hitsing people you're so mean i get it on a personal level i don't understand when someone says that to me. these are big boys and mostly boys and should take criticism no matter where it's from. i think making really -- it's just -- it's interesting that now there is when they're pushing back certainly they did on jedi they did it wasn't this level -- they didn't write, you know -- trump doesn't know how to run a defense department it didn't come out the same way, and the only place it was, was in jeff bezos personal life. i agreed he should have punched back hard on that one. appalling what they did to himmanhim. >> seems to me audience a

working-class vote in alabama. picking a fight with them might actually work. we'll see. >> maybe, maybe. >> see how the vote turns out. moving on, an nbc news report findy delivery at d doordash tacked on fees imposing a food delivery fee cap, calling the extra charge a regulatory response fee to the 15% commission cap there kara, i mean, i know this is a story whatnot. people are like, oh, well, doordash has been taking this cut from restaurants this seems fine to me. they're not taking the cut from restaurants in places that put a cap on that. just tacking it on to the consumer if you want to go with dashpass, be a subscriber you get that lesson seems like capitalism to me. if you think it's worth it, order the food you don't, go pick it up yourself. >> it's capitalism at the expense of the restaurants that's really what it is if they want to create partnerships going forward, there is some joint suffering in

this case to work together i think it's a problem what they're going to do to restaurants and their own partners and people they rely on seems like they're going to do this these fees will be more. really can't -- restaurants can't pass it along to consumers easily, because their business declines so what happens is restaurants get caught in the squeeze versus anybody else same time, again, talking about these workers rights these people spend -- do not make a lot of money and need to make a living wage we have to think about their benefits and everything else that's the worse thing to say, but just like in alabama may be in alabama. may not like elizabeth warren but sure do like good wages. they sure do like good benefits. everybody does across the country. so how we get there is going to be one of the bigger debates going forward especially with a lot of these so-called -- these are tech companies, really they're worker companies we have to think about if we want to make what scott ga

galloways calls a men igs economy. we want to see people with good wages, good benefits and treated with some level of respect that's what's happening here we don't want to squeeze other businesses if i was doordash, i'd think a little harder the way they've decided to do it restaurants are their partners and so are the people who buy food. >> glad you bring up this is a broader conversation, too, about labor issues in the gig economy. kara, what does it say about the business model itself? is it indication it simply sdg work going to be so difficult for these companies to be profitable unless you see more indication by the way,doordash. uber eats as well. doordash expected ed ebitda bete z zero and $200. where do we go from here >> talk about who's paying costs

of all of these internet companies. attack at the capitol. who paid to clean up the capitol? not facebook, even if they had a part in it the cost of the businesses not factored and sort 6 getting a pass in this case, the business doordash is in is difficult. anytime a new cost comes up someone's got to pay for it. typically they don't want to make the consumer do it to keep growth at all costs. at some point someone's groing t have to pay. an interesting question who does that and what it happens. >> consumer seems to be paying in this case and maybe not too upset about it kara, thanks i could debate this for a half hour. >> okay! let's do it. let's do it, jon. >> no. >> you need much more time than that hours. also keeping an eye on the wild trading in chinese internet names. dom chu has that. >> seeing declines following through on weak ngz we saw last

week look at the chinese internet names. one etf a lot of traders look at for a sentiment gauge. the crane share csi. kweb, k web. off another 2.25%. the trend predominantly the down side the past couple of months driving that, maybe chinese government cracking down on big tech companies, over the course of last few days as well how far have we fallen on big names tied to this vip shop up 10% on the year. look at this orange and white lines here between 35 and 40% declines in just the last three or four trading days or so for music and baidu as well. how significant the liquidation has gotten intraday basis, a bit of a move on some, deirdre

look at these on the upside. watch what's happeningwith the other names. ten cent music down on the day started higher they'll take the opportunity to use that weakness to purchase a billion dollars of their own stock back biggest stock buyback they've had. baidu down 25% a big concern this is not over liquidation trade, transparency not there and seeing weakness in the mid-day trade as well. back to you. >> and for investors to figure out how much is due to that margin call and how much due to fundamental, citi out with a note saying this represent as buying opportunity for names like baidu, ten cent music and vip shop other names not related to the margin call. others down more than 20%. jd.com down 14% in the last few weeks. is there indication what's causing these names or is it

general? does it come down to fundamentals antitrust over in china? >> could be -- deirdre, any one of those things or in combination together for many of these names, remember, not like they're a wash with liquidity. can't get get out at large scale at drop of a hat for many stocks, a sentiment tie into some of these and a proxy trade. if you cannot sell something in one name, you look towards other parts of the market where you can actually find liquidity to have some kind of a statistical tie or correlation they trade similarly sometimes you'll see the moves happen there the reason you're saying, hey. it's not just these four, five, six or seven names, but everybody. and etf trading drives a lot of that because basket trading overall, carl. something to watch watching the afternoon play out whether or not the etf trading will drive that. address that later on today cio of crane shares talking what's happening with this etf right

now. >> wow that's so important, dom of course, as we get into the final hours of trading, it becomes more and more front-burner story thank you, dominic chu. breaking headlines from fed governor waller. steve liesman has that hey, steve >> good morning, carl. yeah fed governor chris wallace, took office in december 2020 making his first speech and decided to talk about an unusual topic saying fed policy, fed montetar policy not conducted to help the federal deficit. deficit financing, level of debt, level of interest rates the federal government pays and debt service amounts played no role in monetary policy decisions. fed policy says will be guided solely by the mandate of maximum employment and stable prices now, hey, cooperation? a crisis crucial for staving off disaster fed and treasury need to work together on operation's issues, and they can work together closely in a crisis, addressing

financial stability issues, but fed ind danes saying, the main point to get across, helping keep inflation expectations inder control because the fed is not under the tutelage of the treasury carl, back to you. >> all right steve, watching that thank you very much. still a big show ahead including ceo of boston dynamics and newest robot called stretch. "squawk alley" continues in just a couple of moments.surance. ? mrs. carmichael? safest driver in peytonville. takes a lot of work and effort to be the safest driver in peytonville. what about this guy? with nationwide smartmiles®, the less he drives, the less he pays. the list of inspiring stories goes on and on. i bet. i've never seen anyone do more with their retirement... ♪♪ ...than you. i... concur.

accounting start-up pilot backed by jeff bezos raising $100 million in its series c funding doubling valuation to $1.2 billion joining us with the ceo in an cnbc exclusive kate, over to you. >> thanks, deirdre and ceo of pilot joining us. great to see you thanks for being here. >> thanks for having me. >> of course, i do want to start with your investors. you've got jeff bezos and bezos expeditions leading this round you in tterned at amazon years ago, full circle, and stripe and collison brothers, diane green why are they investing in pilot and what's the opportunity here? >> so in general, opportunity for pilot is that pilot runs your financial back office for you. we take care of your bookkeeping, your taxes, your budget, et cetera.

when you work with us you're paired with one of our finance experts, a full-time employee of ours sits in our offices in nashville and san francisco and do it using software we built letting us do the work with unmatched quality. exciting for investors how large potential opportunity is literally every business owner across america struggling with this problem and we help with it. >> you mentioned, you have proprietary software but not a software company you really bring accountants and that human touch back into the mix. meanwhile, the rest of sort of small business accounting start-ups moving towards automation why not automate everything? why were you bringing people back into your company >> a great question. this stems from our own very virtual experience third company for my co-founders and me and i never heard a business owner say what i really want to buy, buy more accounting software what every business owner says

what if you take care of this scary, tedious and important administrative stuff and let me focus on the reason i started my company in the first place it's not possible if you try to just celtsell software. you have to deliver end-to-end experience. >> it's jon fortt. good to have you i talked to a number of software companies trying to address small business back office challenges from one angle or another. gusto, i know you've partnered with, north one is a challenger bank how is this going to work out, though are all of these going to sort of get rolled up vertically? do you think bigger players in the space? the intuits eventually try to buy up some of them? what's the long-term strategy for many independent in this space? >> a good question i think we'll see a rise of specific applications. like, oh, we're a bank that focuses on vertical, or focuses

on supply. in the set of software tools there will continue to be room for fairly specific specialization for the industry you support. >> waseem, good morning. it's deidre. you said you employ workers full-time? is that right? instead of the independent contractor model why do you go that way >> everyone in or team is a full-time employee of ours, up until covid sat literally in our office ares in nashville and san francisco and had benefits, et cetera the reason is, the relationship is not a transactional relationship you want the manager to knows your business and built up the relationship with us. not about get me from point a. to point b. or move from location x. to location z.

>> it's kate again small business is your core client base. hit hard during the pandemic you still say revenue sddoubledn of the past year and mentioned people not wanting to walk down main street with receipts from an old account is that digital trend here to stay once the economy reopens and do you expect pilot's business to soften it once things get back to normal? >> i think this is the new normal meaning, look at that person running a small business in the united states today. to your point, they don't want to go down into the retail storefront with a issued box of receipts they want to transact online perhaps 11:00 p.m. in pajamas. i think that's the way people want to run their business and i assume that's the way they'll run their business postvaccinations. >> waseem, leave it there. ceo of pilot thanks for joining us. carl, back to you. >> kate, thank you very much. we're getting breaking news from the cdc as well as some

remarkable comments from the director there we have this now. >> true. briefing going on now with cdc director anthony fauci and andy slavin good news on the vaccines. cdc's study of health care workers and other front line and essential workers over 13 weeks from december to march looked at how well the two mrna vaccines did in preventing infection from sars-cov-2 and found after two doses reducing infections by 90%. in a small number of people who got one dose reduced infection by 80% world data showing the vaccines really work. good news. in this ongoing briefing hearing powerful remarks from dr. walensky and dr. fauci how concerned they are about the trajectory of cases happening in the u.s. right now here's dr. walensky. >> i'm going to pause here i'm going to lose the script,

and i'm going to reflect on the recurring feeling i have of impending doom we have so much to look forward to so much promise and potential of where we are, and so much reason for hope, but right now i'm scared. >> guys, says she's feeling a sense of impending doom. looking at the case numbers now. 62,000 here in the u.s come down a lot, but have stagnated and started to pick up and she says this could be beginning of a surge that really worries her. reiterating, vaccines work we just have to hang on until they cover enough people guys >> meg, thank you. we are keeping an eye on twitter today. you see it there up more than 1.5% leading an upgrade to buy from hold, the firm pointing to higher revenue growth estimates as well as what it refers to as the most exciting product road map it has ever seen, from twte > we'll be right back.

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welcome back i'm rahel solomon. here's your cnbc update. derek chauvin in the death of george floyd now under way, the trial. prosecution delivering an opening statement. >> mr. chauvin has a presumption of innocence he is presumed innocent proven guilty we plan to prove to you beyond a reasonable doubt that mr. chauvin was anything other than innocent on may 25th of 2020. >> and moderate republican senator now a challenger from her own party. state government official is returning against lisa murkowski saying that the d.c. insiders need to be held accountable. republican senator thom tillis of north carolina is having surgery to treat prostate cancer caught early due to routine

edreening and he is expect to make a full recovery. you're up-to-date. more "squawk alley" after this. the power industry to integrate renewable energy sources to modernize and improve the electric grid. gohealth has blossomed fromed. an idea in a chicago apartment

nearly 20 years ago to a listing on nasdaq today. we help seniors compare and shop for medicare options in their areas using licensed, trusted advisors and an online platform. gohealth has compounded at 52% a year for 20 years. we believe we're just beginning to realize the opportunity to improve access to healthcare for consumers.

tech executives have a new worry keeping them up at night state sponsored cyber threats. eamon javers has more. a rison worry for years but state sponsored ones that's a newer development right? >> yeah. up against the top spies in the world and that's why we're seeing this shift now in the way

technology executives per sceiv the threats in cyber threats mirrors what's going on in the news the past months the first quarter, cnbc executive council survey k concerns remain high nearly half surveyed said that's the most dangerous threat to their organization up from just 20% in the third quarter of last year you see that spike in anxiety there over those couple of charts 10% said individual hackers were the most dangerous cyber threat faced and 35% said employee mistakes most dangerous threats. all concerns going up to the top. 74% said their board has had a formal discussion about the solarwinds hack, additional 10% haven't done it yet but it's on the agenda for their next meeting. boards are keeping busy with this as well we asked how they think the government is doing in responding to the solarwinds

hack, almost halfsaid average. 23% said poor. look at that one 0% said the response from the u.s. government was excellent. this is not a group that's been inspired by what it's seeing from uncle sam in terms of response nationwide to these cyber attacks. a snapshot what the industry is thinking its 31 members responded all high-ranking tech officers in their companies gives you a sense how worried they are, and the daunting threats they're up against, carl >> wow a lot in those charts. a lot going on thank you so much. great place to start with our next guest founder and ceo at this group as well as a judge on "shark tank." i don't know whether to be encouraged on alert and guards about this stuff or worried they think the government's not doing enough >> carl, first of all, i'm encouraged because you guys are highlighting a problem that i think we all kind of know, but

this report is fantastic first of all, kudos to you for putting it together. encouraging for me is it's making its way up to the executive level. it is very difficult to fight a sophisticated nation state attack with a government who doesn't have the resources i think things are going to get better, but if the government is struggling, think about private enterprise and how much, how hard it is for them? >> what makes you think things will get better? >> i think even in your own report it says people invests in tools. 60% of people that responded are ahead of the curve, or thought they would be, in terms of investments in cybersecurity but here's the challenge i mean, i think we're, cybersecurity, kind of at the better driver golf club stage. where eventually, no matter how many drivers you buy and how

good the driver is, it doesn't help your game you've got to work on the people part of it you've got to get better so another thing about your report is that it highlights how hard it is to hire people in this space i think the tools are there, but people are struggling to fill them, and that's what we're seeing in our space. the growth of managed services, and out-sourcing some of those things. >> robert, i wonder how bad, though, the landscape has become sort of a slow drip of news of the impact of the solarwinds hack including information just over the weekend maybe eastern this morning that the suspected hackers here from russia gained access to the head of the department of homeland security's email, and to folks running cyber security think i mean, you know, if they were that deep in the system, how many reverberations are we going

to see from this hack and how many extra precautions need to be taken for probably years? >> jon, we just don't know i mean, that's the thing about these attacks. they're so sophisticated we don't know how deep people are in them, but let's not forget that we're very focused on these, but i think back to 2012, the big target reach at the time it was catastrophic and we responded to it, put in the tools. same thing now you know i think that the attack is out there, but i think enterprises have become more cognizant about it measure reports said the boards are talking about it you can't fix something unless you put the resources behind it. it's going to get harder whatever we fix today, the attackers will go up another level. i think we have great tools in order to keep fighting that good fight. >> robert, good orning it's deirdre

so far the cyber attacks, mayber ones, at least, focused and stealing information essentially spying how worried are you that future attacks start to have sort of more real-world immediate consequences start to attack critical infrasdin infrastructure the power grid, for example. >> i worry about everything all the time and probably the most paranoid guy out there, which is good for the industry i'm in yes. now people are stealing information, and let's not forget it's easier to steal how something is made or some private confirmation information then to have to build it in industry, take advantage or put pressure on people what we worry about is, once you go from that, then you connect to critical infrastructure systems. utilities, water systems we know last year there were attacks on water utility systems here in the united states and also in south america, where

people were actually able to control those systems. so, you know, those holes have been fixed, but there's always something out there. the next cyber -- well, the next war will be a cyber war. it's cheaper, faster, and can be far more destructive. >> yeah. a scary thought. when you talk about the tools, you were optimistic a moment ago, but i wonder. does the administration really haval tools to combat more attacks? a conversation on "squawk box" about the nsa prohibited from law looking it's a u.s. servers, designed to look overseas only how do you confront that problem and sort of weigh privacy with combating cyber attacks? >> right so i have this argument in my head every day half of the privacy and protecting my personal data as a consumer, somebody that really believes in the free democratic open system. the other half of me says, we're

fighting a -- a foe allows monitoring of everything in some ways it's very different for our government to fight back with one hand tied behind their back what i believe in is our ingenuity and our ability to create tools that can go beyond that i think we've got incredible tools coming out i think there is some great start-ups in this space. we're seeing things like the growth of identity, which allow us to verify that the person really is who they are online. this is a relatively small industry today, but you're going to see it go boom into a multi, multibillion dollar industry. >> finally, robert, i wonder as corporates and the enterprise continue to respond to the threat what is the most effective methods right now? is it more bodies manning the problem? is it subscribing to more tools

and software or is it about changing the management ladder, the hierarchy, whom reports to whom, in terms of how to fight this thing? >> well, i think we've actually fixed that i think that cybersecurity is getting a seat at the executive table. now most corporate boards have somebody who is at least talking about cybersecurity. you know, we recently published a report that's on our website, and we talk about optimizing the tools that you have. if you can't get the people, you've got to optimize the tool that you have, find a partner that can help you get there. this is so complicated that you've got to find the people that are already doing it. i mean, we struggled to find great people imagine what our customers are going through? >> yeah. that's a great point, and you definitely have been an eadvantage lift on this for years, even as the episodes crop up again and again robert, thanks

talk to you soon. >> thank you. and still to come, look at this robot stretch boston dynamics has got a new one. unveiling its newest robot today and the ceo will join nt.usex don't go away. - as the original host of wheel of fortune, i was blessed to be part of building one of the greatest game shows in history. during that time, we handed out millions of dollars to thousands of contestants. i thought, what if we paid the contestants their winnings and gold instead of cash and prizes?

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fuel cell, all down more than 5% today. the first trust nasdaq clean energy etf is down about 4%. stocks in the online betting space also taking a hit in today's session. draftkings for one down 4% penn national and bali deeper in e thred. more "squawk alley" ahead. so do stay with us. we're carvana, the company who invented car vending machines and buying a car 100% online. now we've created a brand-new way for you to sell your car. whether it's a year old or a few years old.

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♪ what the hell's an nft

apparently cryptocurrency ♪ ♪ please, explain, what's an nft ♪ i said what the hell's an nft can you please help me make an nft ♪ >> son, i didn't understand a word you just said >> hey, thanks >> in case you missed it, there is "saturday night live" trying to explain the nft craze overt weekend. and gronkowski here with us on cnbc, though i mean, he was just trying to get up to speed, deirdre on this, though jumping in early people just don't get it because something's back by an nft that makes it inherently valuable >> i mean, sometimes it does i keep going back to the taco bell if they can sell for any amount of money, what can't gronkowski, returning shoes, artifact shoes ought this point it's a fair

question what can't be sold as an nft just a big bubble? i thaw "snl" did a pretty good job explaining it, though. perhaps better than us, even. >> i wouldn't go that far, but, yes. definitely going to continue to pioneer the coverage of this entirely new instrument. by the way, guys, we are a day away from cnbc's at-work summit. jon and i interviewing big names including matthew mcconaughey, reid hoffman and others talking about the future of work and a lot more register now at cnbcevents.com/work, andsqwk le iba ia minute. from fidelity keep you tuned in all day long. so when something happens that could affect your portfolio, you can act quickly. that's decision tech, only from fidelity. i really hope that this vaccine can get me one step closer to him. to a huge wedding. to give high fives to our patients. to hug my students.

with every vaccine, cvs is working to bring you one step closer to a better tomorrow.

boston dynamics revealing a new robot design this morning named stretch, marking the company's first official entrance into warehouse automation joining us to discuss the launch is ceo robert plater thanks for being with us i think most people remember spot also and atlas.

with stretch here, less viral tricks, but far more commercial use. >> this is the first robot we built for the warehousing industry >> you're going up against playersle like amazon, and have already been deploying them. so i wonder, how important has robotics been to their rise in status your coming out ten years later. how do you compete with something that amazon has already been using and developed. >> this is a new capability. this is the first mobile case picking robot available in the world. so because this industry is growing so fast, automation is needed just to keep up, but it fills a special niche that previously hasn't been satisfied.

>> so are you selling it on that fact, saying you can use it to make your warehouses more fished do you think that will help some of these players, particularly any commerce that can company? >> yeah, stretch is really designed to fit the 85 or 90% of warehouses that have no automation in them whatsoever. so it will fit into what's called a brownfield warehouse, making automation more manageable and adaptable. >> we're having this conversation right as some warehouse workers in alabama are going to vote about joining a union. i wonder how you expect these robots, this technology, to impact that worker/management conversation in this industry that's so central to what's happening? >> the industry is growing at tremendous rates the employers in this space are having a hard time, frankly,

keeping all of their jobs filled i think, you know, these people also would like an opportunity to work with better technology we're designing these robots so they can be used by people on the floor. it's something that will be power tools for warehouse workers doing, you know, frankly the hard and heavy lifting, but we still need people operating the robots, managing them, keeping them productive. >> how many people does a robot like this relieve? we'll seay, when it comes to moving 800 boxes in an hour, something like that? what is the human equivalent of what this robot can do >> well, the idea is that warehouses that need to maintain the pace they currently do, you know, with people inside the backs of these trucks unloading the boxes, so the robot need to be able to maintained cadence that a human worker would, but this is an unforgivable

environment in the middle of the summer, indeed middle of the winter become in one of these containers unloading it's a pretty daunting place, and frankly it's a place where there's high attrition and injury rates so, you know, the idea is that we'll have robot wranglers that manage robots while they're in the back of the trucks pulling out the material, but then people will be maybe managing five to ten robots at a time keeping the flow going >> robert, a quick question on costs. you know, we're used to seeing, especially with new innovations. do you foresee robotics having the same deflationary trend we have seen, with things like hardware and computer? >> absolutely. it's all about scale, but you can get your film bers up, and

make these machines every more affordable we expect this is to be competitive with industrial automation tools that are currently available in the market. >> if i were a customer, is there a minimum number i am required to buy? if i buy the hardware, how much soft war is incorporated >> we haven't figured out the package yet. safety equipment that will surround them. ultimately i envision multiple of these working on a loading dock working together. one of the great things about these systems is you can download software and essentially enhance the capabilities stretch is ultimately a multipurpose robot it can work out in the warehouse later on building pallets as well that's added functionality

>> so, rob, stretch is looking at disruptingthe logistics warehouse space, what is the next industry you're looking at, if there is one. what else could boston dynamics robots helped make more femts -- >> that's a good question, i think it could impact a lot of industries right now, the spot is on industrial sites, surveying, collecting data, but there's lots of places if you had an arm, some mobile base and a vision, maybe construction industry putting up drywall or hvac, ownership the agricultural or forest industry i think there's move to expand this function into revolutionizing industry we're just at the beginning. >> we hope you'll come back and talk to us about fur innovation. rob. thank you so much being with us this morning ceo of boston dynamics.

>> thank you. guys, as we close the show, the nasdaq composite starting another week weaker, down about temperature 0.7% a lot of those momentum names continue to be weak. zoom video down almost 3% say, jon. >> speaking of momentum, doordash is up a little better than 2% today, but still 46.5% off of the highs you know, where the value is there is an open question, carl. it's hard to be mad for charging whatever they can for delivery that's how you make the bid model work inch interesting set the calls in the internet space this morning, sdwron, regarding fac temperature. and twitter with an upgrade to buy, talking about the product

road map, which we have discussed a lot in recent months in terms of the new spaces app and some features they'll by rolling out, talking about it being the best road map they have ever seen, ever overall, guys, it will be a busy week, more touches on the consumer space obviously the story regarding the margin events is not over. jobs friday will happen on a day when the market is closed for good friday. buckling up. melissa lee is in for the half thanks, carl, welcome to "halftime report." i'm in today for scott wapner. it's an important quarter with president biden's infrastructure plan in focus and a jobs report this week. plus it's being called once in a decade margin call. we're all over this story. our investment committee today, shannon, chief investment officer at testify -- joe terranova and josh brown we have red arrows across the